Savings Plan and Future Cost Estimation for Oakland University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$109,219
Monthly savings required$863

How much will it cost to send your child to Oakland University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $436,875.24 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $863.18 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$29,112.00
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 $863.18 $0.00 $0.00 $863.18
2 $863.18 $863.18 $0.00 $4.88 $1,731.24
3 $1,731.24 $863.18 $0.00 $9.79 $2,604.21
4 $2,604.21 $863.18 $0.00 $14.72 $3,482.11
5 $3,482.11 $863.18 $0.00 $19.69 $4,364.98
6 $4,364.98 $863.18 $0.00 $24.68 $5,252.84
7 $5,252.84 $863.18 $0.00 $29.70 $6,145.72
8 $6,145.72 $863.18 $0.00 $34.75 $7,043.65
9 $7,043.65 $863.18 $0.00 $39.83 $7,946.66
10 $7,946.66 $863.18 $0.00 $44.93 $8,854.77
11 $8,854.77 $863.18 $0.00 $50.07 $9,768.02
12 $9,768.02 $863.18 $0.00 $55.23 $10,686.43
13 $10,686.43 $863.18 $0.00 $60.42 $11,610.03
14 $11,610.03 $863.18 $0.00 $65.64 $12,538.85
15 $12,538.85 $863.18 $0.00 $70.90 $13,472.93
16 $13,472.93 $863.18 $0.00 $76.18 $14,412.29
17 $14,412.29 $863.18 $0.00 $81.49 $15,356.96
18 $15,356.96 $863.18 $0.00 $86.83 $16,306.97
19 $16,306.97 $863.18 $0.00 $92.20 $17,262.35
20 $17,262.35 $863.18 $0.00 $97.60 $18,223.13
21 $18,223.13 $863.18 $0.00 $103.04 $19,189.35
22 $19,189.35 $863.18 $0.00 $108.50 $20,161.03
23 $20,161.03 $863.18 $0.00 $113.99 $21,138.20
24 $21,138.20 $863.18 $0.00 $119.52 $22,120.90
25 $22,120.90 $863.18 $0.00 $125.07 $23,109.15
26 $23,109.15 $863.18 $0.00 $130.66 $24,102.99
27 $24,102.99 $863.18 $0.00 $136.28 $25,102.45
28 $25,102.45 $863.18 $0.00 $141.93 $26,107.56
29 $26,107.56 $863.18 $0.00 $147.62 $27,118.36
30 $27,118.36 $863.18 $0.00 $153.33 $28,134.87
31 $28,134.87 $863.18 $0.00 $159.08 $29,157.13
32 $29,157.13 $863.18 $0.00 $164.86 $30,185.17
33 $30,185.17 $863.18 $0.00 $170.67 $31,219.02
34 $31,219.02 $863.18 $0.00 $176.52 $32,258.72
35 $32,258.72 $863.18 $0.00 $182.40 $33,304.30
36 $33,304.30 $863.18 $0.00 $188.31 $34,355.79
37 $34,355.79 $863.18 $0.00 $194.25 $35,413.22
38 $35,413.22 $863.18 $0.00 $200.23 $36,476.63
39 $36,476.63 $863.18 $0.00 $206.24 $37,546.05
40 $37,546.05 $863.18 $0.00 $212.29 $38,621.52
41 $38,621.52 $863.18 $0.00 $218.37 $39,703.07
42 $39,703.07 $863.18 $0.00 $224.49 $40,790.74
43 $40,790.74 $863.18 $0.00 $230.64 $41,884.56
44 $41,884.56 $863.18 $0.00 $236.82 $42,984.56
45 $42,984.56 $863.18 $0.00 $243.04 $44,090.78
46 $44,090.78 $863.18 $0.00 $249.30 $45,203.26
47 $45,203.26 $863.18 $0.00 $255.59 $46,322.03
48 $46,322.03 $863.18 $0.00 $261.91 $47,447.12
49 $47,447.12 $863.18 $0.00 $268.27 $48,578.57
50 $48,578.57 $863.18 $0.00 $274.67 $49,716.42
51 $49,716.42 $863.18 $0.00 $281.10 $50,860.70
52 $50,860.70 $863.18 $0.00 $287.57 $52,011.45
53 $52,011.45 $863.18 $0.00 $294.08 $53,168.71
54 $53,168.71 $863.18 $0.00 $300.62 $54,332.51
55 $54,332.51 $863.18 $0.00 $307.20 $55,502.89
56 $55,502.89 $863.18 $0.00 $313.82 $56,679.89
57 $56,679.89 $863.18 $0.00 $320.48 $57,863.55
58 $57,863.55 $863.18 $0.00 $327.17 $59,053.90
59 $59,053.90 $863.18 $0.00 $333.90 $60,250.98
60 $60,250.98 $863.18 $0.00 $340.67 $61,454.83
61 $61,454.83 $863.18 $0.00 $347.47 $62,665.48
62 $62,665.48 $863.18 $0.00 $354.32 $63,882.98
63 $63,882.98 $863.18 $0.00 $361.20 $65,107.36
64 $65,107.36 $863.18 $0.00 $368.13 $66,338.67
65 $66,338.67 $863.18 $0.00 $375.09 $67,576.94
66 $67,576.94 $863.18 $0.00 $382.09 $68,822.21
67 $68,822.21 $863.18 $0.00 $389.13 $70,074.52
68 $70,074.52 $863.18 $0.00 $396.21 $71,333.91
69 $71,333.91 $863.18 $0.00 $403.33 $72,600.42
70 $72,600.42 $863.18 $0.00 $410.49 $73,874.09
71 $73,874.09 $863.18 $0.00 $417.69 $75,154.96
72 $75,154.96 $863.18 $0.00 $424.94 $76,443.08
73 $76,443.08 $863.18 $0.00 $432.22 $77,738.48
74 $77,738.48 $863.18 $0.00 $439.54 $79,041.20
75 $79,041.20 $863.18 $0.00 $446.91 $80,351.29
76 $80,351.29 $863.18 $0.00 $454.32 $81,668.79
77 $81,668.79 $863.18 $0.00 $461.77 $82,993.74
78 $82,993.74 $863.18 $0.00 $469.26 $84,326.18
79 $84,326.18 $863.18 $0.00 $476.79 $85,666.15
80 $85,666.15 $863.18 $0.00 $484.37 $87,013.70
81 $87,013.70 $863.18 $0.00 $491.99 $88,368.87
82 $88,368.87 $863.18 $0.00 $499.65 $89,731.70
83 $89,731.70 $863.18 $0.00 $507.36 $91,102.24
84 $91,102.24 $863.18 $0.00 $515.11 $92,480.53
85 $92,480.53 $863.18 $0.00 $522.90 $93,866.61
86 $93,866.61 $863.18 $0.00 $530.74 $95,260.53
87 $95,260.53 $863.18 $0.00 $538.62 $96,662.33
88 $96,662.33 $863.18 $0.00 $546.54 $98,072.05
89 $98,072.05 $863.18 $0.00 $554.51 $99,489.74
90 $99,489.74 $863.18 $0.00 $562.53 $100,915.45
91 $100,915.45 $863.18 $0.00 $570.59 $102,349.22
92 $102,349.22 $863.18 $0.00 $578.70 $103,791.10
93 $103,791.10 $863.18 $0.00 $586.85 $105,241.13
94 $105,241.13 $863.18 $0.00 $595.05 $106,699.36
95 $106,699.36 $863.18 $0.00 $603.29 $108,165.83
96 $108,165.83 $863.18 $0.00 $611.59 $109,640.60
97 $109,640.60 $863.18 $0.00 $619.92 $111,123.70
98 $111,123.70 $863.18 $0.00 $628.31 $112,615.19
99 $112,615.19 $863.18 $0.00 $636.74 $114,115.11
100 $114,115.11 $863.18 $0.00 $645.22 $115,623.51
101 $115,623.51 $863.18 $0.00 $653.75 $117,140.44
102 $117,140.44 $863.18 $0.00 $662.33 $118,665.95
103 $118,665.95 $863.18 $0.00 $670.95 $120,200.08
104 $120,200.08 $863.18 $0.00 $679.63 $121,742.89
105 $121,742.89 $863.18 $0.00 $688.35 $123,294.42
106 $123,294.42 $863.18 $0.00 $697.12 $124,854.72
107 $124,854.72 $863.18 $0.00 $705.95 $126,423.85
108 $126,423.85 $863.18 $0.00 $714.82 $128,001.85
109 $128,001.85 $863.18 $0.00 $723.74 $129,588.77
110 $129,588.77 $863.18 $0.00 $732.71 $131,184.66
111 $131,184.66 $863.18 $0.00 $741.74 $132,789.58
112 $132,789.58 $863.18 $0.00 $750.81 $134,403.57
113 $134,403.57 $863.18 $0.00 $759.94 $136,026.69
114 $136,026.69 $863.18 $0.00 $769.11 $137,658.98
115 $137,658.98 $863.18 $0.00 $778.34 $139,300.50
116 $139,300.50 $863.18 $0.00 $787.63 $140,951.31
117 $140,951.31 $863.18 $0.00 $796.96 $142,611.45
118 $142,611.45 $863.18 $0.00 $806.35 $144,280.98
119 $144,280.98 $863.18 $0.00 $815.79 $145,959.95
120 $145,959.95 $863.18 $0.00 $825.28 $147,648.41
121 $147,648.41 $863.18 $0.00 $834.83 $149,346.42
122 $149,346.42 $863.18 $0.00 $844.43 $151,054.03
123 $151,054.03 $863.18 $0.00 $854.08 $152,771.29
124 $152,771.29 $863.18 $0.00 $863.79 $154,498.26
125 $154,498.26 $863.18 $0.00 $873.56 $156,235.00
126 $156,235.00 $863.18 $0.00 $883.38 $157,981.56
127 $157,981.56 $863.18 $0.00 $893.25 $159,737.99
128 $159,737.99 $863.18 $0.00 $903.18 $161,504.35
129 $161,504.35 $863.18 $0.00 $913.17 $163,280.70
130 $163,280.70 $863.18 $0.00 $923.21 $165,067.09
131 $165,067.09 $863.18 $0.00 $933.31 $166,863.58
132 $166,863.58 $863.18 $0.00 $943.47 $168,670.23
133 $168,670.23 $863.18 $0.00 $953.69 $170,487.10
134 $170,487.10 $863.18 $0.00 $963.96 $172,314.24
135 $172,314.24 $863.18 $0.00 $974.29 $174,151.71
136 $174,151.71 $863.18 $0.00 $984.68 $175,999.57
137 $175,999.57 $863.18 $0.00 $995.13 $177,857.88
138 $177,857.88 $863.18 $0.00 $1,005.63 $179,726.69
139 $179,726.69 $863.18 $0.00 $1,016.20 $181,606.07
140 $181,606.07 $863.18 $0.00 $1,026.83 $183,496.08
141 $183,496.08 $863.18 $0.00 $1,037.51 $185,396.77
142 $185,396.77 $863.18 $0.00 $1,048.26 $187,308.21
143 $187,308.21 $863.18 $0.00 $1,059.07 $189,230.46
144 $189,230.46 $863.18 $0.00 $1,069.94 $191,163.58
145 $191,163.58 $863.18 $0.00 $1,080.87 $193,107.63
146 $193,107.63 $863.18 $0.00 $1,091.86 $195,062.67
147 $195,062.67 $863.18 $0.00 $1,102.91 $197,028.76
148 $197,028.76 $863.18 $0.00 $1,114.03 $199,005.97
149 $199,005.97 $863.18 $0.00 $1,125.21 $200,994.36
150 $200,994.36 $863.18 $0.00 $1,136.45 $202,993.99
151 $202,993.99 $863.18 $0.00 $1,147.76 $205,004.93
152 $205,004.93 $863.18 $0.00 $1,159.13 $207,027.24
153 $207,027.24 $863.18 $0.00 $1,170.56 $209,060.98
154 $209,060.98 $863.18 $0.00 $1,182.06 $211,106.22
155 $211,106.22 $863.18 $0.00 $1,193.63 $213,163.03
156 $213,163.03 $863.18 $0.00 $1,205.25 $215,231.46
157 $215,231.46 $863.18 $0.00 $1,216.95 $217,311.59
158 $217,311.59 $863.18 $0.00 $1,228.71 $219,403.48
159 $219,403.48 $863.18 $0.00 $1,240.54 $221,507.20
160 $221,507.20 $863.18 $0.00 $1,252.43 $223,622.81
161 $223,622.81 $863.18 $0.00 $1,264.40 $225,750.39
162 $225,750.39 $863.18 $0.00 $1,276.43 $227,890.00
163 $227,890.00 $863.18 $0.00 $1,288.52 $230,041.70
164 $230,041.70 $863.18 $0.00 $1,300.69 $232,205.57
165 $232,205.57 $863.18 $0.00 $1,312.92 $234,381.67
166 $234,381.67 $863.18 $0.00 $1,325.23 $236,570.08
167 $236,570.08 $863.18 $0.00 $1,337.60 $238,770.86
168 $238,770.86 $863.18 $0.00 $1,350.05 $240,984.09
169 $240,984.09 $863.18 $0.00 $1,362.56 $243,209.83
170 $243,209.83 $863.18 $0.00 $1,375.14 $245,448.15
171 $245,448.15 $863.18 $0.00 $1,387.80 $247,699.13
172 $247,699.13 $863.18 $0.00 $1,400.53 $249,962.84
173 $249,962.84 $863.18 $0.00 $1,413.33 $252,239.35
174 $252,239.35 $863.18 $0.00 $1,426.20 $254,528.73
175 $254,528.73 $863.18 $0.00 $1,439.14 $256,831.05
176 $256,831.05 $863.18 $0.00 $1,452.16 $259,146.39
177 $259,146.39 $863.18 $0.00 $1,465.25 $261,474.82
178 $261,474.82 $863.18 $0.00 $1,478.42 $263,816.42
179 $263,816.42 $863.18 $0.00 $1,491.66 $266,171.26
180 $266,171.26 $863.18 $0.00 $1,504.97 $268,539.41
181 $268,539.41 $863.18 $0.00 $1,518.36 $270,920.95
182 $270,920.95 $863.18 $0.00 $1,531.83 $273,315.96
183 $273,315.96 $863.18 $0.00 $1,545.37 $275,724.51
184 $275,724.51 $863.18 $0.00 $1,558.99 $278,146.68
185 $278,146.68 $863.18 $0.00 $1,572.68 $280,582.54
186 $280,582.54 $863.18 $0.00 $1,586.45 $283,032.17
187 $283,032.17 $863.18 $0.00 $1,600.31 $285,495.66
188 $285,495.66 $863.18 $0.00 $1,614.23 $287,973.07
189 $287,973.07 $863.18 $0.00 $1,628.24 $290,464.49
190 $290,464.49 $863.18 $0.00 $1,642.33 $292,970.00
191 $292,970.00 $863.18 $0.00 $1,656.49 $295,489.67
192 $295,489.67 $863.18 $0.00 $1,670.74 $298,023.59
193 $298,023.59 $863.18 $0.00 $1,685.07 $300,571.84
194 $300,571.84 $863.18 $0.00 $1,699.48 $303,134.50
195 $303,134.50 $863.18 $0.00 $1,713.97 $305,711.65
196 $305,711.65 $863.18 $0.00 $1,728.54 $308,303.37
197 $308,303.37 $863.18 $0.00 $1,743.19 $310,909.74
198 $310,909.74 $863.18 $0.00 $1,757.93 $313,530.85
199 $313,530.85 $863.18 $0.00 $1,772.75 $316,166.78
200 $316,166.78 $863.18 $0.00 $1,787.65 $318,817.61
201 $318,817.61 $863.18 $0.00 $1,802.64 $321,483.43
202 $321,483.43 $863.18 $0.00 $1,817.71 $324,164.32
203 $324,164.32 $863.18 $0.00 $1,832.87 $326,860.37
204 $326,860.37 $863.18 $0.00 $1,848.12 $329,571.67
205 $329,571.67 $863.18 $0.00 $1,863.45 $332,298.30
206 $332,298.30 $863.18 $0.00 $1,878.86 $335,040.34
207 $335,040.34 $863.18 $0.00 $1,894.37 $337,797.89
208 $337,797.89 $863.18 $0.00 $1,909.96 $340,571.03
209 $340,571.03 $863.18 $0.00 $1,925.64 $343,359.85
210 $343,359.85 $863.18 $0.00 $1,941.41 $346,164.44
211 $346,164.44 $863.18 $0.00 $1,957.26 $348,984.88
212 $348,984.88 $863.18 $0.00 $1,973.21 $351,821.27
213 $351,821.27 $863.18 $0.00 $1,989.25 $354,673.70
214 $354,673.70 $863.18 $0.00 $2,005.38 $357,542.26
215 $357,542.26 $863.18 $0.00 $2,021.60 $360,427.04
216 $360,427.04 $863.18 $0.00 $2,037.91 $363,328.13
217 $363,328.13 $863.18 $98,396.59 $2,054.31 $267,849.03
218 $267,849.03 $863.18 $0.00 $1,514.46 $270,226.67
219 $270,226.67 $863.18 $0.00 $1,527.90 $272,617.75
220 $272,617.75 $863.18 $0.00 $1,541.42 $275,022.35
221 $275,022.35 $863.18 $0.00 $1,555.02 $277,440.55
222 $277,440.55 $863.18 $0.00 $1,568.69 $279,872.42
223 $279,872.42 $863.18 $0.00 $1,582.44 $282,318.04
224 $282,318.04 $863.18 $0.00 $1,596.27 $284,777.49
225 $284,777.49 $863.18 $0.00 $1,610.17 $287,250.84
226 $287,250.84 $863.18 $0.00 $1,624.16 $289,738.18
227 $289,738.18 $863.18 $0.00 $1,638.22 $292,239.58
228 $292,239.58 $863.18 $0.00 $1,652.37 $294,755.13
229 $294,755.13 $863.18 $105,284.35 $1,666.59 $192,000.55
230 $192,000.55 $863.18 $0.00 $1,085.60 $193,949.33
231 $193,949.33 $863.18 $0.00 $1,096.62 $195,909.13
232 $195,909.13 $863.18 $0.00 $1,107.70 $197,880.01
233 $197,880.01 $863.18 $0.00 $1,118.84 $199,862.03
234 $199,862.03 $863.18 $0.00 $1,130.05 $201,855.26
235 $201,855.26 $863.18 $0.00 $1,141.32 $203,859.76
236 $203,859.76 $863.18 $0.00 $1,152.65 $205,875.59
237 $205,875.59 $863.18 $0.00 $1,164.05 $207,902.82
238 $207,902.82 $863.18 $0.00 $1,175.51 $209,941.51
239 $209,941.51 $863.18 $0.00 $1,187.04 $211,991.73
240 $211,991.73 $863.18 $0.00 $1,198.63 $214,053.54
241 $214,053.54 $863.18 $112,654.25 $1,210.29 $103,472.76
242 $103,472.76 $863.18 $0.00 $585.05 $104,920.99
243 $104,920.99 $863.18 $0.00 $593.24 $106,377.41
244 $106,377.41 $863.18 $0.00 $601.47 $107,842.06
245 $107,842.06 $863.18 $0.00 $609.75 $109,314.99
246 $109,314.99 $863.18 $0.00 $618.08 $110,796.25
247 $110,796.25 $863.18 $0.00 $626.46 $112,285.89
248 $112,285.89 $863.18 $0.00 $634.88 $113,783.95
249 $113,783.95 $863.18 $0.00 $643.35 $115,290.48
250 $115,290.48 $863.18 $0.00 $651.87 $116,805.53
251 $116,805.53 $863.18 $0.00 $660.44 $118,329.15
252 $118,329.15 $863.18 $0.00 $669.05 $119,861.38
253 $119,861.38 $0.00 $120,540.05 $677.71 -$0.96