Savings Plan and Future Cost Estimation for Finlandia University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$151,770
Monthly savings required$1,199

How much will it cost to send your child to Finlandia University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $607,081.31 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,199.48 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$40,454.00
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 $1,199.48 $0.00 $0.00 $1,199.48
2 $1,199.48 $1,199.48 $0.00 $6.78 $2,405.74
3 $2,405.74 $1,199.48 $0.00 $13.60 $3,618.82
4 $3,618.82 $1,199.48 $0.00 $20.46 $4,838.76
5 $4,838.76 $1,199.48 $0.00 $27.36 $6,065.60
6 $6,065.60 $1,199.48 $0.00 $34.30 $7,299.38
7 $7,299.38 $1,199.48 $0.00 $41.27 $8,540.13
8 $8,540.13 $1,199.48 $0.00 $48.29 $9,787.90
9 $9,787.90 $1,199.48 $0.00 $55.34 $11,042.72
10 $11,042.72 $1,199.48 $0.00 $62.44 $12,304.64
11 $12,304.64 $1,199.48 $0.00 $69.57 $13,573.69
12 $13,573.69 $1,199.48 $0.00 $76.75 $14,849.92
13 $14,849.92 $1,199.48 $0.00 $83.96 $16,133.36
14 $16,133.36 $1,199.48 $0.00 $91.22 $17,424.06
15 $17,424.06 $1,199.48 $0.00 $98.52 $18,722.06
16 $18,722.06 $1,199.48 $0.00 $105.86 $20,027.40
17 $20,027.40 $1,199.48 $0.00 $113.24 $21,340.12
18 $21,340.12 $1,199.48 $0.00 $120.66 $22,660.26
19 $22,660.26 $1,199.48 $0.00 $128.12 $23,987.86
20 $23,987.86 $1,199.48 $0.00 $135.63 $25,322.97
21 $25,322.97 $1,199.48 $0.00 $143.18 $26,665.63
22 $26,665.63 $1,199.48 $0.00 $150.77 $28,015.88
23 $28,015.88 $1,199.48 $0.00 $158.41 $29,373.77
24 $29,373.77 $1,199.48 $0.00 $166.08 $30,739.33
25 $30,739.33 $1,199.48 $0.00 $173.80 $32,112.61
26 $32,112.61 $1,199.48 $0.00 $181.57 $33,493.66
27 $33,493.66 $1,199.48 $0.00 $189.38 $34,882.52
28 $34,882.52 $1,199.48 $0.00 $197.23 $36,279.23
29 $36,279.23 $1,199.48 $0.00 $205.13 $37,683.84
30 $37,683.84 $1,199.48 $0.00 $213.07 $39,096.39
31 $39,096.39 $1,199.48 $0.00 $221.06 $40,516.93
32 $40,516.93 $1,199.48 $0.00 $229.09 $41,945.50
33 $41,945.50 $1,199.48 $0.00 $237.17 $43,382.15
34 $43,382.15 $1,199.48 $0.00 $245.29 $44,826.92
35 $44,826.92 $1,199.48 $0.00 $253.46 $46,279.86
36 $46,279.86 $1,199.48 $0.00 $261.67 $47,741.01
37 $47,741.01 $1,199.48 $0.00 $269.93 $49,210.42
38 $49,210.42 $1,199.48 $0.00 $278.24 $50,688.14
39 $50,688.14 $1,199.48 $0.00 $286.60 $52,174.22
40 $52,174.22 $1,199.48 $0.00 $295.00 $53,668.70
41 $53,668.70 $1,199.48 $0.00 $303.45 $55,171.63
42 $55,171.63 $1,199.48 $0.00 $311.95 $56,683.06
43 $56,683.06 $1,199.48 $0.00 $320.49 $58,203.03
44 $58,203.03 $1,199.48 $0.00 $329.09 $59,731.60
45 $59,731.60 $1,199.48 $0.00 $337.73 $61,268.81
46 $61,268.81 $1,199.48 $0.00 $346.42 $62,814.71
47 $62,814.71 $1,199.48 $0.00 $355.16 $64,369.35
48 $64,369.35 $1,199.48 $0.00 $363.95 $65,932.78
49 $65,932.78 $1,199.48 $0.00 $372.79 $67,505.05
50 $67,505.05 $1,199.48 $0.00 $381.68 $69,086.21
51 $69,086.21 $1,199.48 $0.00 $390.62 $70,676.31
52 $70,676.31 $1,199.48 $0.00 $399.61 $72,275.40
53 $72,275.40 $1,199.48 $0.00 $408.66 $73,883.54
54 $73,883.54 $1,199.48 $0.00 $417.75 $75,500.77
55 $75,500.77 $1,199.48 $0.00 $426.89 $77,127.14
56 $77,127.14 $1,199.48 $0.00 $436.09 $78,762.71
57 $78,762.71 $1,199.48 $0.00 $445.34 $80,407.53
58 $80,407.53 $1,199.48 $0.00 $454.64 $82,061.65
59 $82,061.65 $1,199.48 $0.00 $463.99 $83,725.12
60 $83,725.12 $1,199.48 $0.00 $473.39 $85,397.99
61 $85,397.99 $1,199.48 $0.00 $482.85 $87,080.32
62 $87,080.32 $1,199.48 $0.00 $492.36 $88,772.16
63 $88,772.16 $1,199.48 $0.00 $501.93 $90,473.57
64 $90,473.57 $1,199.48 $0.00 $511.55 $92,184.60
65 $92,184.60 $1,199.48 $0.00 $521.23 $93,905.31
66 $93,905.31 $1,199.48 $0.00 $530.95 $95,635.74
67 $95,635.74 $1,199.48 $0.00 $540.74 $97,375.96
68 $97,375.96 $1,199.48 $0.00 $550.58 $99,126.02
69 $99,126.02 $1,199.48 $0.00 $560.47 $100,885.97
70 $100,885.97 $1,199.48 $0.00 $570.42 $102,655.87
71 $102,655.87 $1,199.48 $0.00 $580.43 $104,435.78
72 $104,435.78 $1,199.48 $0.00 $590.50 $106,225.76
73 $106,225.76 $1,199.48 $0.00 $600.62 $108,025.86
74 $108,025.86 $1,199.48 $0.00 $610.79 $109,836.13
75 $109,836.13 $1,199.48 $0.00 $621.03 $111,656.64
76 $111,656.64 $1,199.48 $0.00 $631.32 $113,487.44
77 $113,487.44 $1,199.48 $0.00 $641.67 $115,328.59
78 $115,328.59 $1,199.48 $0.00 $652.08 $117,180.15
79 $117,180.15 $1,199.48 $0.00 $662.55 $119,042.18
80 $119,042.18 $1,199.48 $0.00 $673.08 $120,914.74
81 $120,914.74 $1,199.48 $0.00 $683.67 $122,797.89
82 $122,797.89 $1,199.48 $0.00 $694.32 $124,691.69
83 $124,691.69 $1,199.48 $0.00 $705.02 $126,596.19
84 $126,596.19 $1,199.48 $0.00 $715.79 $128,511.46
85 $128,511.46 $1,199.48 $0.00 $726.62 $130,437.56
86 $130,437.56 $1,199.48 $0.00 $737.51 $132,374.55
87 $132,374.55 $1,199.48 $0.00 $748.46 $134,322.49
88 $134,322.49 $1,199.48 $0.00 $759.48 $136,281.45
89 $136,281.45 $1,199.48 $0.00 $770.56 $138,251.49
90 $138,251.49 $1,199.48 $0.00 $781.69 $140,232.66
91 $140,232.66 $1,199.48 $0.00 $792.90 $142,225.04
92 $142,225.04 $1,199.48 $0.00 $804.16 $144,228.68
93 $144,228.68 $1,199.48 $0.00 $815.49 $146,243.65
94 $146,243.65 $1,199.48 $0.00 $826.88 $148,270.01
95 $148,270.01 $1,199.48 $0.00 $838.34 $150,307.83
96 $150,307.83 $1,199.48 $0.00 $849.86 $152,357.17
97 $152,357.17 $1,199.48 $0.00 $861.45 $154,418.10
98 $154,418.10 $1,199.48 $0.00 $873.10 $156,490.68
99 $156,490.68 $1,199.48 $0.00 $884.82 $158,574.98
100 $158,574.98 $1,199.48 $0.00 $896.61 $160,671.07
101 $160,671.07 $1,199.48 $0.00 $908.46 $162,779.01
102 $162,779.01 $1,199.48 $0.00 $920.38 $164,898.87
103 $164,898.87 $1,199.48 $0.00 $932.36 $167,030.71
104 $167,030.71 $1,199.48 $0.00 $944.42 $169,174.61
105 $169,174.61 $1,199.48 $0.00 $956.54 $171,330.63
106 $171,330.63 $1,199.48 $0.00 $968.73 $173,498.84
107 $173,498.84 $1,199.48 $0.00 $980.99 $175,679.31
108 $175,679.31 $1,199.48 $0.00 $993.32 $177,872.11
109 $177,872.11 $1,199.48 $0.00 $1,005.71 $180,077.30
110 $180,077.30 $1,199.48 $0.00 $1,018.18 $182,294.96
111 $182,294.96 $1,199.48 $0.00 $1,030.72 $184,525.16
112 $184,525.16 $1,199.48 $0.00 $1,043.33 $186,767.97
113 $186,767.97 $1,199.48 $0.00 $1,056.01 $189,023.46
114 $189,023.46 $1,199.48 $0.00 $1,068.77 $191,291.71
115 $191,291.71 $1,199.48 $0.00 $1,081.59 $193,572.78
116 $193,572.78 $1,199.48 $0.00 $1,094.49 $195,866.75
117 $195,866.75 $1,199.48 $0.00 $1,107.46 $198,173.69
118 $198,173.69 $1,199.48 $0.00 $1,120.50 $200,493.67
119 $200,493.67 $1,199.48 $0.00 $1,133.62 $202,826.77
120 $202,826.77 $1,199.48 $0.00 $1,146.81 $205,173.06
121 $205,173.06 $1,199.48 $0.00 $1,160.08 $207,532.62
122 $207,532.62 $1,199.48 $0.00 $1,173.42 $209,905.52
123 $209,905.52 $1,199.48 $0.00 $1,186.84 $212,291.84
124 $212,291.84 $1,199.48 $0.00 $1,200.33 $214,691.65
125 $214,691.65 $1,199.48 $0.00 $1,213.90 $217,105.03
126 $217,105.03 $1,199.48 $0.00 $1,227.54 $219,532.05
127 $219,532.05 $1,199.48 $0.00 $1,241.27 $221,972.80
128 $221,972.80 $1,199.48 $0.00 $1,255.07 $224,427.35
129 $224,427.35 $1,199.48 $0.00 $1,268.94 $226,895.77
130 $226,895.77 $1,199.48 $0.00 $1,282.90 $229,378.15
131 $229,378.15 $1,199.48 $0.00 $1,296.94 $231,874.57
132 $231,874.57 $1,199.48 $0.00 $1,311.05 $234,385.10
133 $234,385.10 $1,199.48 $0.00 $1,325.25 $236,909.83
134 $236,909.83 $1,199.48 $0.00 $1,339.52 $239,448.83
135 $239,448.83 $1,199.48 $0.00 $1,353.88 $242,002.19
136 $242,002.19 $1,199.48 $0.00 $1,368.32 $244,569.99
137 $244,569.99 $1,199.48 $0.00 $1,382.83 $247,152.30
138 $247,152.30 $1,199.48 $0.00 $1,397.44 $249,749.22
139 $249,749.22 $1,199.48 $0.00 $1,412.12 $252,360.82
140 $252,360.82 $1,199.48 $0.00 $1,426.88 $254,987.18
141 $254,987.18 $1,199.48 $0.00 $1,441.73 $257,628.39
142 $257,628.39 $1,199.48 $0.00 $1,456.67 $260,284.54
143 $260,284.54 $1,199.48 $0.00 $1,471.69 $262,955.71
144 $262,955.71 $1,199.48 $0.00 $1,486.79 $265,641.98
145 $265,641.98 $1,199.48 $0.00 $1,501.98 $268,343.44
146 $268,343.44 $1,199.48 $0.00 $1,517.25 $271,060.17
147 $271,060.17 $1,199.48 $0.00 $1,532.61 $273,792.26
148 $273,792.26 $1,199.48 $0.00 $1,548.06 $276,539.80
149 $276,539.80 $1,199.48 $0.00 $1,563.60 $279,302.88
150 $279,302.88 $1,199.48 $0.00 $1,579.22 $282,081.58
151 $282,081.58 $1,199.48 $0.00 $1,594.93 $284,875.99
152 $284,875.99 $1,199.48 $0.00 $1,610.73 $287,686.20
153 $287,686.20 $1,199.48 $0.00 $1,626.62 $290,512.30
154 $290,512.30 $1,199.48 $0.00 $1,642.60 $293,354.38
155 $293,354.38 $1,199.48 $0.00 $1,658.67 $296,212.53
156 $296,212.53 $1,199.48 $0.00 $1,674.83 $299,086.84
157 $299,086.84 $1,199.48 $0.00 $1,691.08 $301,977.40
158 $301,977.40 $1,199.48 $0.00 $1,707.42 $304,884.30
159 $304,884.30 $1,199.48 $0.00 $1,723.86 $307,807.64
160 $307,807.64 $1,199.48 $0.00 $1,740.39 $310,747.51
161 $310,747.51 $1,199.48 $0.00 $1,757.01 $313,704.00
162 $313,704.00 $1,199.48 $0.00 $1,773.73 $316,677.21
163 $316,677.21 $1,199.48 $0.00 $1,790.54 $319,667.23
164 $319,667.23 $1,199.48 $0.00 $1,807.44 $322,674.15
165 $322,674.15 $1,199.48 $0.00 $1,824.45 $325,698.08
166 $325,698.08 $1,199.48 $0.00 $1,841.54 $328,739.10
167 $328,739.10 $1,199.48 $0.00 $1,858.74 $331,797.32
168 $331,797.32 $1,199.48 $0.00 $1,876.03 $334,872.83
169 $334,872.83 $1,199.48 $0.00 $1,893.42 $337,965.73
170 $337,965.73 $1,199.48 $0.00 $1,910.91 $341,076.12
171 $341,076.12 $1,199.48 $0.00 $1,928.49 $344,204.09
172 $344,204.09 $1,199.48 $0.00 $1,946.18 $347,349.75
173 $347,349.75 $1,199.48 $0.00 $1,963.97 $350,513.20
174 $350,513.20 $1,199.48 $0.00 $1,981.85 $353,694.53
175 $353,694.53 $1,199.48 $0.00 $1,999.84 $356,893.85
176 $356,893.85 $1,199.48 $0.00 $2,017.93 $360,111.26
177 $360,111.26 $1,199.48 $0.00 $2,036.12 $363,346.86
178 $363,346.86 $1,199.48 $0.00 $2,054.42 $366,600.76
179 $366,600.76 $1,199.48 $0.00 $2,072.81 $369,873.05
180 $369,873.05 $1,199.48 $0.00 $2,091.32 $373,163.85
181 $373,163.85 $1,199.48 $0.00 $2,109.92 $376,473.25
182 $376,473.25 $1,199.48 $0.00 $2,128.63 $379,801.36
183 $379,801.36 $1,199.48 $0.00 $2,147.45 $383,148.29
184 $383,148.29 $1,199.48 $0.00 $2,166.38 $386,514.15
185 $386,514.15 $1,199.48 $0.00 $2,185.41 $389,899.04
186 $389,899.04 $1,199.48 $0.00 $2,204.55 $393,303.07
187 $393,303.07 $1,199.48 $0.00 $2,223.79 $396,726.34
188 $396,726.34 $1,199.48 $0.00 $2,243.15 $400,168.97
189 $400,168.97 $1,199.48 $0.00 $2,262.61 $403,631.06
190 $403,631.06 $1,199.48 $0.00 $2,282.19 $407,112.73
191 $407,112.73 $1,199.48 $0.00 $2,301.87 $410,614.08
192 $410,614.08 $1,199.48 $0.00 $2,321.67 $414,135.23
193 $414,135.23 $1,199.48 $0.00 $2,341.58 $417,676.29
194 $417,676.29 $1,199.48 $0.00 $2,361.60 $421,237.37
195 $421,237.37 $1,199.48 $0.00 $2,381.74 $424,818.59
196 $424,818.59 $1,199.48 $0.00 $2,401.99 $428,420.06
197 $428,420.06 $1,199.48 $0.00 $2,422.35 $432,041.89
198 $432,041.89 $1,199.48 $0.00 $2,442.83 $435,684.20
199 $435,684.20 $1,199.48 $0.00 $2,463.42 $439,347.10
200 $439,347.10 $1,199.48 $0.00 $2,484.13 $443,030.71
201 $443,030.71 $1,199.48 $0.00 $2,504.96 $446,735.15
202 $446,735.15 $1,199.48 $0.00 $2,525.91 $450,460.54
203 $450,460.54 $1,199.48 $0.00 $2,546.97 $454,206.99
204 $454,206.99 $1,199.48 $0.00 $2,568.15 $457,974.62
205 $457,974.62 $1,199.48 $0.00 $2,589.46 $461,763.56
206 $461,763.56 $1,199.48 $0.00 $2,610.88 $465,573.92
207 $465,573.92 $1,199.48 $0.00 $2,632.42 $469,405.82
208 $469,405.82 $1,199.48 $0.00 $2,654.09 $473,259.39
209 $473,259.39 $1,199.48 $0.00 $2,675.88 $477,134.75
210 $477,134.75 $1,199.48 $0.00 $2,697.79 $481,032.02
211 $481,032.02 $1,199.48 $0.00 $2,719.82 $484,951.32
212 $484,951.32 $1,199.48 $0.00 $2,741.99 $488,892.79
213 $488,892.79 $1,199.48 $0.00 $2,764.27 $492,856.54
214 $492,856.54 $1,199.48 $0.00 $2,786.68 $496,842.70
215 $496,842.70 $1,199.48 $0.00 $2,809.22 $500,851.40
216 $500,851.40 $1,199.48 $0.00 $2,831.89 $504,882.77
217 $504,882.77 $1,199.48 $136,731.78 $2,854.68 $372,205.15
218 $372,205.15 $1,199.48 $0.00 $2,104.50 $375,509.13
219 $375,509.13 $1,199.48 $0.00 $2,123.18 $378,831.79
220 $378,831.79 $1,199.48 $0.00 $2,141.97 $382,173.24
221 $382,173.24 $1,199.48 $0.00 $2,160.86 $385,533.58
222 $385,533.58 $1,199.48 $0.00 $2,179.86 $388,912.92
223 $388,912.92 $1,199.48 $0.00 $2,198.97 $392,311.37
224 $392,311.37 $1,199.48 $0.00 $2,218.19 $395,729.04
225 $395,729.04 $1,199.48 $0.00 $2,237.51 $399,166.03
226 $399,166.03 $1,199.48 $0.00 $2,256.94 $402,622.45
227 $402,622.45 $1,199.48 $0.00 $2,276.49 $406,098.42
228 $406,098.42 $1,199.48 $0.00 $2,296.14 $409,594.04
229 $409,594.04 $1,199.48 $146,303.00 $2,315.90 $266,806.42
230 $266,806.42 $1,199.48 $0.00 $1,508.56 $269,514.46
231 $269,514.46 $1,199.48 $0.00 $1,523.87 $272,237.81
232 $272,237.81 $1,199.48 $0.00 $1,539.27 $274,976.56
233 $274,976.56 $1,199.48 $0.00 $1,554.76 $277,730.80
234 $277,730.80 $1,199.48 $0.00 $1,570.33 $280,500.61
235 $280,500.61 $1,199.48 $0.00 $1,585.99 $283,286.08
236 $283,286.08 $1,199.48 $0.00 $1,601.74 $286,087.30
237 $286,087.30 $1,199.48 $0.00 $1,617.58 $288,904.36
238 $288,904.36 $1,199.48 $0.00 $1,633.51 $291,737.35
239 $291,737.35 $1,199.48 $0.00 $1,649.53 $294,586.36
240 $294,586.36 $1,199.48 $0.00 $1,665.63 $297,451.47
241 $297,451.47 $1,199.48 $156,544.22 $1,681.83 $143,788.56
242 $143,788.56 $1,199.48 $0.00 $813.00 $145,801.04
243 $145,801.04 $1,199.48 $0.00 $824.38 $147,824.90
244 $147,824.90 $1,199.48 $0.00 $835.82 $149,860.20
245 $149,860.20 $1,199.48 $0.00 $847.33 $151,907.01
246 $151,907.01 $1,199.48 $0.00 $858.90 $153,965.39
247 $153,965.39 $1,199.48 $0.00 $870.54 $156,035.41
248 $156,035.41 $1,199.48 $0.00 $882.25 $158,117.14
249 $158,117.14 $1,199.48 $0.00 $894.02 $160,210.64
250 $160,210.64 $1,199.48 $0.00 $905.85 $162,315.97
251 $162,315.97 $1,199.48 $0.00 $917.76 $164,433.21
252 $164,433.21 $1,199.48 $0.00 $929.73 $166,562.42
253 $166,562.42 $0.00 $167,502.31 $941.77 $1.88