Savings Plan and Future Cost Estimation for Western Michigan University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$110,397
Monthly savings required$872

How much will it cost to send your child to Western Michigan University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $441,587.35 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $872.49 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$29,426.00
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 $872.49 $0.00 $0.00 $872.49
2 $872.49 $872.49 $0.00 $4.93 $1,749.91
3 $1,749.91 $872.49 $0.00 $9.89 $2,632.29
4 $2,632.29 $872.49 $0.00 $14.88 $3,519.66
5 $3,519.66 $872.49 $0.00 $19.90 $4,412.05
6 $4,412.05 $872.49 $0.00 $24.95 $5,309.49
7 $5,309.49 $872.49 $0.00 $30.02 $6,212.00
8 $6,212.00 $872.49 $0.00 $35.12 $7,119.61
9 $7,119.61 $872.49 $0.00 $40.26 $8,032.36
10 $8,032.36 $872.49 $0.00 $45.42 $8,950.27
11 $8,950.27 $872.49 $0.00 $50.61 $9,873.37
12 $9,873.37 $872.49 $0.00 $55.83 $10,801.69
13 $10,801.69 $872.49 $0.00 $61.07 $11,735.25
14 $11,735.25 $872.49 $0.00 $66.35 $12,674.09
15 $12,674.09 $872.49 $0.00 $71.66 $13,618.24
16 $13,618.24 $872.49 $0.00 $77.00 $14,567.73
17 $14,567.73 $872.49 $0.00 $82.37 $15,522.59
18 $15,522.59 $872.49 $0.00 $87.77 $16,482.85
19 $16,482.85 $872.49 $0.00 $93.20 $17,448.54
20 $17,448.54 $872.49 $0.00 $98.66 $18,419.69
21 $18,419.69 $872.49 $0.00 $104.15 $19,396.33
22 $19,396.33 $872.49 $0.00 $109.67 $20,378.49
23 $20,378.49 $872.49 $0.00 $115.22 $21,366.20
24 $21,366.20 $872.49 $0.00 $120.81 $22,359.50
25 $22,359.50 $872.49 $0.00 $126.42 $23,358.41
26 $23,358.41 $872.49 $0.00 $132.07 $24,362.97
27 $24,362.97 $872.49 $0.00 $137.75 $25,373.21
28 $25,373.21 $872.49 $0.00 $143.46 $26,389.16
29 $26,389.16 $872.49 $0.00 $149.21 $27,410.86
30 $27,410.86 $872.49 $0.00 $154.98 $28,438.33
31 $28,438.33 $872.49 $0.00 $160.79 $29,471.61
32 $29,471.61 $872.49 $0.00 $166.64 $30,510.74
33 $30,510.74 $872.49 $0.00 $172.51 $31,555.74
34 $31,555.74 $872.49 $0.00 $178.42 $32,606.65
35 $32,606.65 $872.49 $0.00 $184.36 $33,663.50
36 $33,663.50 $872.49 $0.00 $190.34 $34,726.33
37 $34,726.33 $872.49 $0.00 $196.35 $35,795.17
38 $35,795.17 $872.49 $0.00 $202.39 $36,870.05
39 $36,870.05 $872.49 $0.00 $208.47 $37,951.01
40 $37,951.01 $872.49 $0.00 $214.58 $39,038.08
41 $39,038.08 $872.49 $0.00 $220.73 $40,131.30
42 $40,131.30 $872.49 $0.00 $226.91 $41,230.70
43 $41,230.70 $872.49 $0.00 $233.12 $42,336.31
44 $42,336.31 $872.49 $0.00 $239.38 $43,448.18
45 $43,448.18 $872.49 $0.00 $245.66 $44,566.33
46 $44,566.33 $872.49 $0.00 $251.98 $45,690.80
47 $45,690.80 $872.49 $0.00 $258.34 $46,821.63
48 $46,821.63 $872.49 $0.00 $264.74 $47,958.86
49 $47,958.86 $872.49 $0.00 $271.17 $49,102.52
50 $49,102.52 $872.49 $0.00 $277.63 $50,252.64
51 $50,252.64 $872.49 $0.00 $284.14 $51,409.27
52 $51,409.27 $872.49 $0.00 $290.68 $52,572.44
53 $52,572.44 $872.49 $0.00 $297.25 $53,742.18
54 $53,742.18 $872.49 $0.00 $303.87 $54,918.54
55 $54,918.54 $872.49 $0.00 $310.52 $56,101.55
56 $56,101.55 $872.49 $0.00 $317.21 $57,291.25
57 $57,291.25 $872.49 $0.00 $323.93 $58,487.67
58 $58,487.67 $872.49 $0.00 $330.70 $59,690.86
59 $59,690.86 $872.49 $0.00 $337.50 $60,900.85
60 $60,900.85 $872.49 $0.00 $344.34 $62,117.68
61 $62,117.68 $872.49 $0.00 $351.22 $63,341.39
62 $63,341.39 $872.49 $0.00 $358.14 $64,572.02
63 $64,572.02 $872.49 $0.00 $365.10 $65,809.61
64 $65,809.61 $872.49 $0.00 $372.10 $67,054.20
65 $67,054.20 $872.49 $0.00 $379.13 $68,305.82
66 $68,305.82 $872.49 $0.00 $386.21 $69,564.52
67 $69,564.52 $872.49 $0.00 $393.33 $70,830.34
68 $70,830.34 $872.49 $0.00 $400.49 $72,103.32
69 $72,103.32 $872.49 $0.00 $407.68 $73,383.49
70 $73,383.49 $872.49 $0.00 $414.92 $74,670.90
71 $74,670.90 $872.49 $0.00 $422.20 $75,965.59
72 $75,965.59 $872.49 $0.00 $429.52 $77,267.60
73 $77,267.60 $872.49 $0.00 $436.88 $78,576.97
74 $78,576.97 $872.49 $0.00 $444.29 $79,893.75
75 $79,893.75 $872.49 $0.00 $451.73 $81,217.97
76 $81,217.97 $872.49 $0.00 $459.22 $82,549.68
77 $82,549.68 $872.49 $0.00 $466.75 $83,888.92
78 $83,888.92 $872.49 $0.00 $474.32 $85,235.73
79 $85,235.73 $872.49 $0.00 $481.94 $86,590.16
80 $86,590.16 $872.49 $0.00 $489.59 $87,952.24
81 $87,952.24 $872.49 $0.00 $497.29 $89,322.02
82 $89,322.02 $872.49 $0.00 $505.04 $90,699.55
83 $90,699.55 $872.49 $0.00 $512.83 $92,084.87
84 $92,084.87 $872.49 $0.00 $520.66 $93,478.02
85 $93,478.02 $872.49 $0.00 $528.54 $94,879.05
86 $94,879.05 $872.49 $0.00 $536.46 $96,288.00
87 $96,288.00 $872.49 $0.00 $544.43 $97,704.92
88 $97,704.92 $872.49 $0.00 $552.44 $99,129.85
89 $99,129.85 $872.49 $0.00 $560.49 $100,562.83
90 $100,562.83 $872.49 $0.00 $568.60 $102,003.92
91 $102,003.92 $872.49 $0.00 $576.74 $103,453.15
92 $103,453.15 $872.49 $0.00 $584.94 $104,910.58
93 $104,910.58 $872.49 $0.00 $593.18 $106,376.25
94 $106,376.25 $872.49 $0.00 $601.47 $107,850.21
95 $107,850.21 $872.49 $0.00 $609.80 $109,332.50
96 $109,332.50 $872.49 $0.00 $618.18 $110,823.17
97 $110,823.17 $872.49 $0.00 $626.61 $112,322.27
98 $112,322.27 $872.49 $0.00 $635.09 $113,829.85
99 $113,829.85 $872.49 $0.00 $643.61 $115,345.95
100 $115,345.95 $872.49 $0.00 $652.18 $116,870.62
101 $116,870.62 $872.49 $0.00 $660.80 $118,403.91
102 $118,403.91 $872.49 $0.00 $669.47 $119,945.87
103 $119,945.87 $872.49 $0.00 $678.19 $121,496.55
104 $121,496.55 $872.49 $0.00 $686.96 $123,056.00
105 $123,056.00 $872.49 $0.00 $695.78 $124,624.27
106 $124,624.27 $872.49 $0.00 $704.64 $126,201.40
107 $126,201.40 $872.49 $0.00 $713.56 $127,787.45
108 $127,787.45 $872.49 $0.00 $722.53 $129,382.47
109 $129,382.47 $872.49 $0.00 $731.55 $130,986.51
110 $130,986.51 $872.49 $0.00 $740.62 $132,599.62
111 $132,599.62 $872.49 $0.00 $749.74 $134,221.85
112 $134,221.85 $872.49 $0.00 $758.91 $135,853.25
113 $135,853.25 $872.49 $0.00 $768.13 $137,493.87
114 $137,493.87 $872.49 $0.00 $777.41 $139,143.77
115 $139,143.77 $872.49 $0.00 $786.74 $140,803.00
116 $140,803.00 $872.49 $0.00 $796.12 $142,471.61
117 $142,471.61 $872.49 $0.00 $805.56 $144,149.66
118 $144,149.66 $872.49 $0.00 $815.04 $145,837.19
119 $145,837.19 $872.49 $0.00 $824.58 $147,534.26
120 $147,534.26 $872.49 $0.00 $834.18 $149,240.93
121 $149,240.93 $872.49 $0.00 $843.83 $150,957.25
122 $150,957.25 $872.49 $0.00 $853.53 $152,683.27
123 $152,683.27 $872.49 $0.00 $863.29 $154,419.05
124 $154,419.05 $872.49 $0.00 $873.11 $156,164.65
125 $156,164.65 $872.49 $0.00 $882.98 $157,920.12
126 $157,920.12 $872.49 $0.00 $892.90 $159,685.51
127 $159,685.51 $872.49 $0.00 $902.89 $161,460.89
128 $161,460.89 $872.49 $0.00 $912.92 $163,246.30
129 $163,246.30 $872.49 $0.00 $923.02 $165,041.81
130 $165,041.81 $872.49 $0.00 $933.17 $166,847.47
131 $166,847.47 $872.49 $0.00 $943.38 $168,663.34
132 $168,663.34 $872.49 $0.00 $953.65 $170,489.48
133 $170,489.48 $872.49 $0.00 $963.97 $172,325.94
134 $172,325.94 $872.49 $0.00 $974.36 $174,172.79
135 $174,172.79 $872.49 $0.00 $984.80 $176,030.08
136 $176,030.08 $872.49 $0.00 $995.30 $177,897.87
137 $177,897.87 $872.49 $0.00 $1,005.86 $179,776.22
138 $179,776.22 $872.49 $0.00 $1,016.48 $181,665.19
139 $181,665.19 $872.49 $0.00 $1,027.16 $183,564.84
140 $183,564.84 $872.49 $0.00 $1,037.90 $185,475.23
141 $185,475.23 $872.49 $0.00 $1,048.70 $187,396.42
142 $187,396.42 $872.49 $0.00 $1,059.57 $189,328.48
143 $189,328.48 $872.49 $0.00 $1,070.49 $191,271.46
144 $191,271.46 $872.49 $0.00 $1,081.48 $193,225.43
145 $193,225.43 $872.49 $0.00 $1,092.52 $195,190.44
146 $195,190.44 $872.49 $0.00 $1,103.64 $197,166.57
147 $197,166.57 $872.49 $0.00 $1,114.81 $199,153.87
148 $199,153.87 $872.49 $0.00 $1,126.04 $201,152.40
149 $201,152.40 $872.49 $0.00 $1,137.34 $203,162.23
150 $203,162.23 $872.49 $0.00 $1,148.71 $205,183.43
151 $205,183.43 $872.49 $0.00 $1,160.14 $207,216.06
152 $207,216.06 $872.49 $0.00 $1,171.63 $209,260.18
153 $209,260.18 $872.49 $0.00 $1,183.19 $211,315.86
154 $211,315.86 $872.49 $0.00 $1,194.81 $213,383.16
155 $213,383.16 $872.49 $0.00 $1,206.50 $215,462.15
156 $215,462.15 $872.49 $0.00 $1,218.25 $217,552.89
157 $217,552.89 $872.49 $0.00 $1,230.08 $219,655.46
158 $219,655.46 $872.49 $0.00 $1,241.96 $221,769.91
159 $221,769.91 $872.49 $0.00 $1,253.92 $223,896.32
160 $223,896.32 $872.49 $0.00 $1,265.94 $226,034.75
161 $226,034.75 $872.49 $0.00 $1,278.03 $228,185.27
162 $228,185.27 $872.49 $0.00 $1,290.19 $230,347.95
163 $230,347.95 $872.49 $0.00 $1,302.42 $232,522.86
164 $232,522.86 $872.49 $0.00 $1,314.72 $234,710.07
165 $234,710.07 $872.49 $0.00 $1,327.08 $236,909.64
166 $236,909.64 $872.49 $0.00 $1,339.52 $239,121.65
167 $239,121.65 $872.49 $0.00 $1,352.03 $241,346.17
168 $241,346.17 $872.49 $0.00 $1,364.61 $243,583.27
169 $243,583.27 $872.49 $0.00 $1,377.26 $245,833.02
170 $245,833.02 $872.49 $0.00 $1,389.98 $248,095.49
171 $248,095.49 $872.49 $0.00 $1,402.77 $250,370.75
172 $250,370.75 $872.49 $0.00 $1,415.63 $252,658.87
173 $252,658.87 $872.49 $0.00 $1,428.57 $254,959.93
174 $254,959.93 $872.49 $0.00 $1,441.58 $257,274.00
175 $257,274.00 $872.49 $0.00 $1,454.66 $259,601.15
176 $259,601.15 $872.49 $0.00 $1,467.82 $261,941.46
177 $261,941.46 $872.49 $0.00 $1,481.06 $264,295.01
178 $264,295.01 $872.49 $0.00 $1,494.36 $266,661.86
179 $266,661.86 $872.49 $0.00 $1,507.74 $269,042.09
180 $269,042.09 $872.49 $0.00 $1,521.20 $271,435.78
181 $271,435.78 $872.49 $0.00 $1,534.74 $273,843.01
182 $273,843.01 $872.49 $0.00 $1,548.35 $276,263.85
183 $276,263.85 $872.49 $0.00 $1,562.04 $278,698.38
184 $278,698.38 $872.49 $0.00 $1,575.80 $281,146.67
185 $281,146.67 $872.49 $0.00 $1,589.64 $283,608.80
186 $283,608.80 $872.49 $0.00 $1,603.57 $286,084.86
187 $286,084.86 $872.49 $0.00 $1,617.57 $288,574.92
188 $288,574.92 $872.49 $0.00 $1,631.64 $291,079.05
189 $291,079.05 $872.49 $0.00 $1,645.80 $293,597.34
190 $293,597.34 $872.49 $0.00 $1,660.04 $296,129.87
191 $296,129.87 $872.49 $0.00 $1,674.36 $298,676.72
192 $298,676.72 $872.49 $0.00 $1,688.76 $301,237.97
193 $301,237.97 $872.49 $0.00 $1,703.24 $303,813.70
194 $303,813.70 $872.49 $0.00 $1,717.81 $306,404.00
195 $306,404.00 $872.49 $0.00 $1,732.45 $309,008.94
196 $309,008.94 $872.49 $0.00 $1,747.18 $311,628.61
197 $311,628.61 $872.49 $0.00 $1,761.99 $314,263.09
198 $314,263.09 $872.49 $0.00 $1,776.89 $316,912.47
199 $316,912.47 $872.49 $0.00 $1,791.87 $319,576.83
200 $319,576.83 $872.49 $0.00 $1,806.93 $322,256.25
201 $322,256.25 $872.49 $0.00 $1,822.08 $324,950.82
202 $324,950.82 $872.49 $0.00 $1,837.32 $327,660.63
203 $327,660.63 $872.49 $0.00 $1,852.64 $330,385.76
204 $330,385.76 $872.49 $0.00 $1,868.05 $333,126.30
205 $333,126.30 $872.49 $0.00 $1,883.54 $335,882.33
206 $335,882.33 $872.49 $0.00 $1,899.13 $338,653.95
207 $338,653.95 $872.49 $0.00 $1,914.80 $341,441.24
208 $341,441.24 $872.49 $0.00 $1,930.56 $344,244.29
209 $344,244.29 $872.49 $0.00 $1,946.41 $347,063.19
210 $347,063.19 $872.49 $0.00 $1,962.35 $349,898.03
211 $349,898.03 $872.49 $0.00 $1,978.37 $352,748.89
212 $352,748.89 $872.49 $0.00 $1,994.49 $355,615.87
213 $355,615.87 $872.49 $0.00 $2,010.70 $358,499.06
214 $358,499.06 $872.49 $0.00 $2,027.01 $361,398.56
215 $361,398.56 $872.49 $0.00 $2,043.40 $364,314.45
216 $364,314.45 $872.49 $0.00 $2,059.89 $367,246.83
217 $367,246.83 $872.49 $99,457.89 $2,076.47 $270,737.90
218 $270,737.90 $872.49 $0.00 $1,530.79 $273,141.18
219 $273,141.18 $872.49 $0.00 $1,544.38 $275,558.05
220 $275,558.05 $872.49 $0.00 $1,558.05 $277,988.59
221 $277,988.59 $872.49 $0.00 $1,571.79 $280,432.87
222 $280,432.87 $872.49 $0.00 $1,585.61 $282,890.97
223 $282,890.97 $872.49 $0.00 $1,599.51 $285,362.97
224 $285,362.97 $872.49 $0.00 $1,613.48 $287,848.94
225 $287,848.94 $872.49 $0.00 $1,627.54 $290,348.97
226 $290,348.97 $872.49 $0.00 $1,641.68 $292,863.14
227 $292,863.14 $872.49 $0.00 $1,655.89 $295,391.52
228 $295,391.52 $872.49 $0.00 $1,670.19 $297,934.20
229 $297,934.20 $872.49 $106,419.94 $1,684.56 $194,071.31
230 $194,071.31 $872.49 $0.00 $1,097.31 $196,041.11
231 $196,041.11 $872.49 $0.00 $1,108.44 $198,022.04
232 $198,022.04 $872.49 $0.00 $1,119.65 $200,014.18
233 $200,014.18 $872.49 $0.00 $1,130.91 $202,017.58
234 $202,017.58 $872.49 $0.00 $1,142.24 $204,032.31
235 $204,032.31 $872.49 $0.00 $1,153.63 $206,058.43
236 $206,058.43 $872.49 $0.00 $1,165.08 $208,096.00
237 $208,096.00 $872.49 $0.00 $1,176.61 $210,145.10
238 $210,145.10 $872.49 $0.00 $1,188.19 $212,205.78
239 $212,205.78 $872.49 $0.00 $1,199.84 $214,278.11
240 $214,278.11 $872.49 $0.00 $1,211.56 $216,362.16
241 $216,362.16 $872.49 $113,869.33 $1,223.34 $104,588.66
242 $104,588.66 $872.49 $0.00 $591.36 $106,052.51
243 $106,052.51 $872.49 $0.00 $599.64 $107,524.64
244 $107,524.64 $872.49 $0.00 $607.96 $109,005.09
245 $109,005.09 $872.49 $0.00 $616.33 $110,493.91
246 $110,493.91 $872.49 $0.00 $624.75 $111,991.15
247 $111,991.15 $872.49 $0.00 $633.21 $113,496.85
248 $113,496.85 $872.49 $0.00 $641.73 $115,011.07
249 $115,011.07 $872.49 $0.00 $650.29 $116,533.85
250 $116,533.85 $872.49 $0.00 $658.90 $118,065.24
251 $118,065.24 $872.49 $0.00 $667.56 $119,605.29
252 $119,605.29 $872.49 $0.00 $676.27 $121,154.05
253 $121,154.05 $0.00 $121,840.19 $685.02 -$1.12