Savings Plan and Future Cost Estimation for Eastern Nazarene College

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$159,784
Monthly savings required$1,263

How much will it cost to send your child to Eastern Nazarene College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $639,135.64 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,262.80 into a 529 or other college savings plan earning and after tax or tax exempt return of 7% will be necessary to achieve this balance.

Assumptions

Current Annual Cost$42,590.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,262.80 $0.00 $0.00 $1,262.80
2 $1,262.80 $1,262.80 $0.00 $7.14 $2,532.74
3 $2,532.74 $1,262.80 $0.00 $14.32 $3,809.86
4 $3,809.86 $1,262.80 $0.00 $21.54 $5,094.20
5 $5,094.20 $1,262.80 $0.00 $28.80 $6,385.80
6 $6,385.80 $1,262.80 $0.00 $36.11 $7,684.71
7 $7,684.71 $1,262.80 $0.00 $43.45 $8,990.96
8 $8,990.96 $1,262.80 $0.00 $50.84 $10,304.60
9 $10,304.60 $1,262.80 $0.00 $58.26 $11,625.66
10 $11,625.66 $1,262.80 $0.00 $65.73 $12,954.19
11 $12,954.19 $1,262.80 $0.00 $73.24 $14,290.23
12 $14,290.23 $1,262.80 $0.00 $80.80 $15,633.83
13 $15,633.83 $1,262.80 $0.00 $88.40 $16,985.03
14 $16,985.03 $1,262.80 $0.00 $96.04 $18,343.87
15 $18,343.87 $1,262.80 $0.00 $103.72 $19,710.39
16 $19,710.39 $1,262.80 $0.00 $111.45 $21,084.64
17 $21,084.64 $1,262.80 $0.00 $119.22 $22,466.66
18 $22,466.66 $1,262.80 $0.00 $127.03 $23,856.49
19 $23,856.49 $1,262.80 $0.00 $134.89 $25,254.18
20 $25,254.18 $1,262.80 $0.00 $142.79 $26,659.77
21 $26,659.77 $1,262.80 $0.00 $150.74 $28,073.31
22 $28,073.31 $1,262.80 $0.00 $158.73 $29,494.84
23 $29,494.84 $1,262.80 $0.00 $166.77 $30,924.41
24 $30,924.41 $1,262.80 $0.00 $174.85 $32,362.06
25 $32,362.06 $1,262.80 $0.00 $182.98 $33,807.84
26 $33,807.84 $1,262.80 $0.00 $191.15 $35,261.79
27 $35,261.79 $1,262.80 $0.00 $199.38 $36,723.97
28 $36,723.97 $1,262.80 $0.00 $207.64 $38,194.41
29 $38,194.41 $1,262.80 $0.00 $215.96 $39,673.17
30 $39,673.17 $1,262.80 $0.00 $224.32 $41,160.29
31 $41,160.29 $1,262.80 $0.00 $232.73 $42,655.82
32 $42,655.82 $1,262.80 $0.00 $241.18 $44,159.80
33 $44,159.80 $1,262.80 $0.00 $249.69 $45,672.29
34 $45,672.29 $1,262.80 $0.00 $258.24 $47,193.33
35 $47,193.33 $1,262.80 $0.00 $266.84 $48,722.97
36 $48,722.97 $1,262.80 $0.00 $275.49 $50,261.26
37 $50,261.26 $1,262.80 $0.00 $284.18 $51,808.24
38 $51,808.24 $1,262.80 $0.00 $292.93 $53,363.97
39 $53,363.97 $1,262.80 $0.00 $301.73 $54,928.50
40 $54,928.50 $1,262.80 $0.00 $310.57 $56,501.87
41 $56,501.87 $1,262.80 $0.00 $319.47 $58,084.14
42 $58,084.14 $1,262.80 $0.00 $328.42 $59,675.36
43 $59,675.36 $1,262.80 $0.00 $337.41 $61,275.57
44 $61,275.57 $1,262.80 $0.00 $346.46 $62,884.83
45 $62,884.83 $1,262.80 $0.00 $355.56 $64,503.19
46 $64,503.19 $1,262.80 $0.00 $364.71 $66,130.70
47 $66,130.70 $1,262.80 $0.00 $373.91 $67,767.41
48 $67,767.41 $1,262.80 $0.00 $383.17 $69,413.38
49 $69,413.38 $1,262.80 $0.00 $392.47 $71,068.65
50 $71,068.65 $1,262.80 $0.00 $401.83 $72,733.28
51 $72,733.28 $1,262.80 $0.00 $411.24 $74,407.32
52 $74,407.32 $1,262.80 $0.00 $420.71 $76,090.83
53 $76,090.83 $1,262.80 $0.00 $430.23 $77,783.86
54 $77,783.86 $1,262.80 $0.00 $439.80 $79,486.46
55 $79,486.46 $1,262.80 $0.00 $449.43 $81,198.69
56 $81,198.69 $1,262.80 $0.00 $459.11 $82,920.60
57 $82,920.60 $1,262.80 $0.00 $468.85 $84,652.25
58 $84,652.25 $1,262.80 $0.00 $478.64 $86,393.69
59 $86,393.69 $1,262.80 $0.00 $488.48 $88,144.97
60 $88,144.97 $1,262.80 $0.00 $498.38 $89,906.15
61 $89,906.15 $1,262.80 $0.00 $508.34 $91,677.29
62 $91,677.29 $1,262.80 $0.00 $518.36 $93,458.45
63 $93,458.45 $1,262.80 $0.00 $528.43 $95,249.68
64 $95,249.68 $1,262.80 $0.00 $538.56 $97,051.04
65 $97,051.04 $1,262.80 $0.00 $548.74 $98,862.58
66 $98,862.58 $1,262.80 $0.00 $558.98 $100,684.36
67 $100,684.36 $1,262.80 $0.00 $569.28 $102,516.44
68 $102,516.44 $1,262.80 $0.00 $579.64 $104,358.88
69 $104,358.88 $1,262.80 $0.00 $590.06 $106,211.74
70 $106,211.74 $1,262.80 $0.00 $600.54 $108,075.08
71 $108,075.08 $1,262.80 $0.00 $611.07 $109,948.95
72 $109,948.95 $1,262.80 $0.00 $621.67 $111,833.42
73 $111,833.42 $1,262.80 $0.00 $632.32 $113,728.54
74 $113,728.54 $1,262.80 $0.00 $643.04 $115,634.38
75 $115,634.38 $1,262.80 $0.00 $653.81 $117,550.99
76 $117,550.99 $1,262.80 $0.00 $664.65 $119,478.44
77 $119,478.44 $1,262.80 $0.00 $675.55 $121,416.79
78 $121,416.79 $1,262.80 $0.00 $686.51 $123,366.10
79 $123,366.10 $1,262.80 $0.00 $697.53 $125,326.43
80 $125,326.43 $1,262.80 $0.00 $708.61 $127,297.84
81 $127,297.84 $1,262.80 $0.00 $719.76 $129,280.40
82 $129,280.40 $1,262.80 $0.00 $730.97 $131,274.17
83 $131,274.17 $1,262.80 $0.00 $742.24 $133,279.21
84 $133,279.21 $1,262.80 $0.00 $753.58 $135,295.59
85 $135,295.59 $1,262.80 $0.00 $764.98 $137,323.37
86 $137,323.37 $1,262.80 $0.00 $776.45 $139,362.62
87 $139,362.62 $1,262.80 $0.00 $787.98 $141,413.40
88 $141,413.40 $1,262.80 $0.00 $799.57 $143,475.77
89 $143,475.77 $1,262.80 $0.00 $811.23 $145,549.80
90 $145,549.80 $1,262.80 $0.00 $822.96 $147,635.56
91 $147,635.56 $1,262.80 $0.00 $834.75 $149,733.11
92 $149,733.11 $1,262.80 $0.00 $846.61 $151,842.52
93 $151,842.52 $1,262.80 $0.00 $858.54 $153,963.86
94 $153,963.86 $1,262.80 $0.00 $870.53 $156,097.19
95 $156,097.19 $1,262.80 $0.00 $882.60 $158,242.59
96 $158,242.59 $1,262.80 $0.00 $894.73 $160,400.12
97 $160,400.12 $1,262.80 $0.00 $906.93 $162,569.85
98 $162,569.85 $1,262.80 $0.00 $919.19 $164,751.84
99 $164,751.84 $1,262.80 $0.00 $931.53 $166,946.17
100 $166,946.17 $1,262.80 $0.00 $943.94 $169,152.91
101 $169,152.91 $1,262.80 $0.00 $956.42 $171,372.13
102 $171,372.13 $1,262.80 $0.00 $968.96 $173,603.89
103 $173,603.89 $1,262.80 $0.00 $981.58 $175,848.27
104 $175,848.27 $1,262.80 $0.00 $994.27 $178,105.34
105 $178,105.34 $1,262.80 $0.00 $1,007.03 $180,375.17
106 $180,375.17 $1,262.80 $0.00 $1,019.87 $182,657.84
107 $182,657.84 $1,262.80 $0.00 $1,032.77 $184,953.41
108 $184,953.41 $1,262.80 $0.00 $1,045.75 $187,261.96
109 $187,261.96 $1,262.80 $0.00 $1,058.81 $189,583.57
110 $189,583.57 $1,262.80 $0.00 $1,071.93 $191,918.30
111 $191,918.30 $1,262.80 $0.00 $1,085.13 $194,266.23
112 $194,266.23 $1,262.80 $0.00 $1,098.41 $196,627.44
113 $196,627.44 $1,262.80 $0.00 $1,111.76 $199,002.00
114 $199,002.00 $1,262.80 $0.00 $1,125.19 $201,389.99
115 $201,389.99 $1,262.80 $0.00 $1,138.69 $203,791.48
116 $203,791.48 $1,262.80 $0.00 $1,152.27 $206,206.55
117 $206,206.55 $1,262.80 $0.00 $1,165.92 $208,635.27
118 $208,635.27 $1,262.80 $0.00 $1,179.65 $211,077.72
119 $211,077.72 $1,262.80 $0.00 $1,193.46 $213,533.98
120 $213,533.98 $1,262.80 $0.00 $1,207.35 $216,004.13
121 $216,004.13 $1,262.80 $0.00 $1,221.32 $218,488.25
122 $218,488.25 $1,262.80 $0.00 $1,235.36 $220,986.41
123 $220,986.41 $1,262.80 $0.00 $1,249.49 $223,498.70
124 $223,498.70 $1,262.80 $0.00 $1,263.69 $226,025.19
125 $226,025.19 $1,262.80 $0.00 $1,277.98 $228,565.97
126 $228,565.97 $1,262.80 $0.00 $1,292.35 $231,121.12
127 $231,121.12 $1,262.80 $0.00 $1,306.79 $233,690.71
128 $233,690.71 $1,262.80 $0.00 $1,321.32 $236,274.83
129 $236,274.83 $1,262.80 $0.00 $1,335.93 $238,873.56
130 $238,873.56 $1,262.80 $0.00 $1,350.63 $241,486.99
131 $241,486.99 $1,262.80 $0.00 $1,365.40 $244,115.19
132 $244,115.19 $1,262.80 $0.00 $1,380.26 $246,758.25
133 $246,758.25 $1,262.80 $0.00 $1,395.21 $249,416.26
134 $249,416.26 $1,262.80 $0.00 $1,410.24 $252,089.30
135 $252,089.30 $1,262.80 $0.00 $1,425.35 $254,777.45
136 $254,777.45 $1,262.80 $0.00 $1,440.55 $257,480.80
137 $257,480.80 $1,262.80 $0.00 $1,455.83 $260,199.43
138 $260,199.43 $1,262.80 $0.00 $1,471.21 $262,933.44
139 $262,933.44 $1,262.80 $0.00 $1,486.66 $265,682.90
140 $265,682.90 $1,262.80 $0.00 $1,502.21 $268,447.91
141 $268,447.91 $1,262.80 $0.00 $1,517.84 $271,228.55
142 $271,228.55 $1,262.80 $0.00 $1,533.57 $274,024.92
143 $274,024.92 $1,262.80 $0.00 $1,549.38 $276,837.10
144 $276,837.10 $1,262.80 $0.00 $1,565.28 $279,665.18
145 $279,665.18 $1,262.80 $0.00 $1,581.27 $282,509.25
146 $282,509.25 $1,262.80 $0.00 $1,597.35 $285,369.40
147 $285,369.40 $1,262.80 $0.00 $1,613.52 $288,245.72
148 $288,245.72 $1,262.80 $0.00 $1,629.78 $291,138.30
149 $291,138.30 $1,262.80 $0.00 $1,646.14 $294,047.24
150 $294,047.24 $1,262.80 $0.00 $1,662.59 $296,972.63
151 $296,972.63 $1,262.80 $0.00 $1,679.13 $299,914.56
152 $299,914.56 $1,262.80 $0.00 $1,695.76 $302,873.12
153 $302,873.12 $1,262.80 $0.00 $1,712.49 $305,848.41
154 $305,848.41 $1,262.80 $0.00 $1,729.31 $308,840.52
155 $308,840.52 $1,262.80 $0.00 $1,746.23 $311,849.55
156 $311,849.55 $1,262.80 $0.00 $1,763.24 $314,875.59
157 $314,875.59 $1,262.80 $0.00 $1,780.35 $317,918.74
158 $317,918.74 $1,262.80 $0.00 $1,797.56 $320,979.10
159 $320,979.10 $1,262.80 $0.00 $1,814.86 $324,056.76
160 $324,056.76 $1,262.80 $0.00 $1,832.26 $327,151.82
161 $327,151.82 $1,262.80 $0.00 $1,849.76 $330,264.38
162 $330,264.38 $1,262.80 $0.00 $1,867.36 $333,394.54
163 $333,394.54 $1,262.80 $0.00 $1,885.06 $336,542.40
164 $336,542.40 $1,262.80 $0.00 $1,902.86 $339,708.06
165 $339,708.06 $1,262.80 $0.00 $1,920.76 $342,891.62
166 $342,891.62 $1,262.80 $0.00 $1,938.76 $346,093.18
167 $346,093.18 $1,262.80 $0.00 $1,956.86 $349,312.84
168 $349,312.84 $1,262.80 $0.00 $1,975.07 $352,550.71
169 $352,550.71 $1,262.80 $0.00 $1,993.37 $355,806.88
170 $355,806.88 $1,262.80 $0.00 $2,011.78 $359,081.46
171 $359,081.46 $1,262.80 $0.00 $2,030.30 $362,374.56
172 $362,374.56 $1,262.80 $0.00 $2,048.92 $365,686.28
173 $365,686.28 $1,262.80 $0.00 $2,067.64 $369,016.72
174 $369,016.72 $1,262.80 $0.00 $2,086.47 $372,365.99
175 $372,365.99 $1,262.80 $0.00 $2,105.41 $375,734.20
176 $375,734.20 $1,262.80 $0.00 $2,124.46 $379,121.46
177 $379,121.46 $1,262.80 $0.00 $2,143.61 $382,527.87
178 $382,527.87 $1,262.80 $0.00 $2,162.87 $385,953.54
179 $385,953.54 $1,262.80 $0.00 $2,182.24 $389,398.58
180 $389,398.58 $1,262.80 $0.00 $2,201.72 $392,863.10
181 $392,863.10 $1,262.80 $0.00 $2,221.31 $396,347.21
182 $396,347.21 $1,262.80 $0.00 $2,241.00 $399,851.01
183 $399,851.01 $1,262.80 $0.00 $2,260.82 $403,374.63
184 $403,374.63 $1,262.80 $0.00 $2,280.74 $406,918.17
185 $406,918.17 $1,262.80 $0.00 $2,300.77 $410,481.74
186 $410,481.74 $1,262.80 $0.00 $2,320.92 $414,065.46
187 $414,065.46 $1,262.80 $0.00 $2,341.19 $417,669.45
188 $417,669.45 $1,262.80 $0.00 $2,361.56 $421,293.81
189 $421,293.81 $1,262.80 $0.00 $2,382.06 $424,938.67
190 $424,938.67 $1,262.80 $0.00 $2,402.67 $428,604.14
191 $428,604.14 $1,262.80 $0.00 $2,423.39 $432,290.33
192 $432,290.33 $1,262.80 $0.00 $2,444.23 $435,997.36
193 $435,997.36 $1,262.80 $0.00 $2,465.19 $439,725.35
194 $439,725.35 $1,262.80 $0.00 $2,486.27 $443,474.42
195 $443,474.42 $1,262.80 $0.00 $2,507.47 $447,244.69
196 $447,244.69 $1,262.80 $0.00 $2,528.79 $451,036.28
197 $451,036.28 $1,262.80 $0.00 $2,550.22 $454,849.30
198 $454,849.30 $1,262.80 $0.00 $2,571.78 $458,683.88
199 $458,683.88 $1,262.80 $0.00 $2,593.47 $462,540.15
200 $462,540.15 $1,262.80 $0.00 $2,615.27 $466,418.22
201 $466,418.22 $1,262.80 $0.00 $2,637.20 $470,318.22
202 $470,318.22 $1,262.80 $0.00 $2,659.25 $474,240.27
203 $474,240.27 $1,262.80 $0.00 $2,681.42 $478,184.49
204 $478,184.49 $1,262.80 $0.00 $2,703.72 $482,151.01
205 $482,151.01 $1,262.80 $0.00 $2,726.15 $486,139.96
206 $486,139.96 $1,262.80 $0.00 $2,748.71 $490,151.47
207 $490,151.47 $1,262.80 $0.00 $2,771.39 $494,185.66
208 $494,185.66 $1,262.80 $0.00 $2,794.20 $498,242.66
209 $498,242.66 $1,262.80 $0.00 $2,817.14 $502,322.60
210 $502,322.60 $1,262.80 $0.00 $2,840.21 $506,425.61
211 $506,425.61 $1,262.80 $0.00 $2,863.40 $510,551.81
212 $510,551.81 $1,262.80 $0.00 $2,886.73 $514,701.34
213 $514,701.34 $1,262.80 $0.00 $2,910.20 $518,874.34
214 $518,874.34 $1,262.80 $0.00 $2,933.79 $523,070.93
215 $523,070.93 $1,262.80 $0.00 $2,957.52 $527,291.25
216 $527,291.25 $1,262.80 $0.00 $2,981.38 $531,535.43
217 $531,535.43 $1,262.80 $143,951.32 $3,005.38 $391,852.29
218 $391,852.29 $1,262.80 $0.00 $2,215.59 $395,330.68
219 $395,330.68 $1,262.80 $0.00 $2,235.26 $398,828.74
220 $398,828.74 $1,262.80 $0.00 $2,255.04 $402,346.58
221 $402,346.58 $1,262.80 $0.00 $2,274.93 $405,884.31
222 $405,884.31 $1,262.80 $0.00 $2,294.93 $409,442.04
223 $409,442.04 $1,262.80 $0.00 $2,315.04 $413,019.88
224 $413,019.88 $1,262.80 $0.00 $2,335.27 $416,617.95
225 $416,617.95 $1,262.80 $0.00 $2,355.62 $420,236.37
226 $420,236.37 $1,262.80 $0.00 $2,376.08 $423,875.25
227 $423,875.25 $1,262.80 $0.00 $2,396.65 $427,534.70
228 $427,534.70 $1,262.80 $0.00 $2,417.34 $431,214.84
229 $431,214.84 $1,262.80 $154,027.91 $2,438.15 $280,887.88
230 $280,887.88 $1,262.80 $0.00 $1,588.18 $283,738.86
231 $283,738.86 $1,262.80 $0.00 $1,604.30 $286,605.96
232 $286,605.96 $1,262.80 $0.00 $1,620.51 $289,489.27
233 $289,489.27 $1,262.80 $0.00 $1,636.81 $292,388.88
234 $292,388.88 $1,262.80 $0.00 $1,653.21 $295,304.89
235 $295,304.89 $1,262.80 $0.00 $1,669.70 $298,237.39
236 $298,237.39 $1,262.80 $0.00 $1,686.28 $301,186.47
237 $301,186.47 $1,262.80 $0.00 $1,702.95 $304,152.22
238 $304,152.22 $1,262.80 $0.00 $1,719.72 $307,134.74
239 $307,134.74 $1,262.80 $0.00 $1,736.58 $310,134.12
240 $310,134.12 $1,262.80 $0.00 $1,753.54 $313,150.46
241 $313,150.46 $1,262.80 $164,809.86 $1,770.60 $151,374.00
242 $151,374.00 $1,262.80 $0.00 $855.89 $153,492.69
243 $153,492.69 $1,262.80 $0.00 $867.87 $155,623.36
244 $155,623.36 $1,262.80 $0.00 $879.92 $157,766.08
245 $157,766.08 $1,262.80 $0.00 $892.03 $159,920.91
246 $159,920.91 $1,262.80 $0.00 $904.22 $162,087.93
247 $162,087.93 $1,262.80 $0.00 $916.47 $164,267.20
248 $164,267.20 $1,262.80 $0.00 $928.79 $166,458.79
249 $166,458.79 $1,262.80 $0.00 $941.18 $168,662.77
250 $168,662.77 $1,262.80 $0.00 $953.64 $170,879.21
251 $170,879.21 $1,262.80 $0.00 $966.18 $173,108.19
252 $173,108.19 $1,262.80 $0.00 $978.78 $175,349.77
253 $175,349.77 $0.00 $176,346.55 $991.45 -$5.33