Savings Plan and Future Cost Estimation for Belhaven University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$146,784
Monthly savings required$1,160

How much will it cost to send your child to Belhaven University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $587,137.40 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,160.07 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$39,125.00
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 $1,160.07 $0.00 $0.00 $1,160.07
2 $1,160.07 $1,160.07 $0.00 $6.56 $2,326.70
3 $2,326.70 $1,160.07 $0.00 $13.16 $3,499.93
4 $3,499.93 $1,160.07 $0.00 $19.79 $4,679.79
5 $4,679.79 $1,160.07 $0.00 $26.46 $5,866.32
6 $5,866.32 $1,160.07 $0.00 $33.17 $7,059.56
7 $7,059.56 $1,160.07 $0.00 $39.92 $8,259.55
8 $8,259.55 $1,160.07 $0.00 $46.70 $9,466.32
9 $9,466.32 $1,160.07 $0.00 $53.52 $10,679.91
10 $10,679.91 $1,160.07 $0.00 $60.39 $11,900.37
11 $11,900.37 $1,160.07 $0.00 $67.29 $13,127.73
12 $13,127.73 $1,160.07 $0.00 $74.23 $14,362.03
13 $14,362.03 $1,160.07 $0.00 $81.21 $15,603.31
14 $15,603.31 $1,160.07 $0.00 $88.22 $16,851.60
15 $16,851.60 $1,160.07 $0.00 $95.28 $18,106.95
16 $18,106.95 $1,160.07 $0.00 $102.38 $19,369.40
17 $19,369.40 $1,160.07 $0.00 $109.52 $20,638.99
18 $20,638.99 $1,160.07 $0.00 $116.70 $21,915.76
19 $21,915.76 $1,160.07 $0.00 $123.91 $23,199.74
20 $23,199.74 $1,160.07 $0.00 $131.17 $24,490.98
21 $24,490.98 $1,160.07 $0.00 $138.48 $25,789.53
22 $25,789.53 $1,160.07 $0.00 $145.82 $27,095.42
23 $27,095.42 $1,160.07 $0.00 $153.20 $28,408.69
24 $28,408.69 $1,160.07 $0.00 $160.63 $29,729.39
25 $29,729.39 $1,160.07 $0.00 $168.09 $31,057.55
26 $31,057.55 $1,160.07 $0.00 $175.60 $32,393.22
27 $32,393.22 $1,160.07 $0.00 $183.16 $33,736.45
28 $33,736.45 $1,160.07 $0.00 $190.75 $35,087.27
29 $35,087.27 $1,160.07 $0.00 $198.39 $36,445.73
30 $36,445.73 $1,160.07 $0.00 $206.07 $37,811.87
31 $37,811.87 $1,160.07 $0.00 $213.79 $39,185.73
32 $39,185.73 $1,160.07 $0.00 $221.56 $40,567.36
33 $40,567.36 $1,160.07 $0.00 $229.37 $41,956.80
34 $41,956.80 $1,160.07 $0.00 $237.23 $43,354.10
35 $43,354.10 $1,160.07 $0.00 $245.13 $44,759.30
36 $44,759.30 $1,160.07 $0.00 $253.08 $46,172.45
37 $46,172.45 $1,160.07 $0.00 $261.07 $47,593.59
38 $47,593.59 $1,160.07 $0.00 $269.10 $49,022.76
39 $49,022.76 $1,160.07 $0.00 $277.18 $50,460.01
40 $50,460.01 $1,160.07 $0.00 $285.31 $51,905.39
41 $51,905.39 $1,160.07 $0.00 $293.48 $53,358.94
42 $53,358.94 $1,160.07 $0.00 $301.70 $54,820.71
43 $54,820.71 $1,160.07 $0.00 $309.96 $56,290.74
44 $56,290.74 $1,160.07 $0.00 $318.28 $57,769.09
45 $57,769.09 $1,160.07 $0.00 $326.63 $59,255.79
46 $59,255.79 $1,160.07 $0.00 $335.04 $60,750.90
47 $60,750.90 $1,160.07 $0.00 $343.49 $62,254.46
48 $62,254.46 $1,160.07 $0.00 $352.00 $63,766.53
49 $63,766.53 $1,160.07 $0.00 $360.55 $65,287.15
50 $65,287.15 $1,160.07 $0.00 $369.14 $66,816.36
51 $66,816.36 $1,160.07 $0.00 $377.79 $68,354.22
52 $68,354.22 $1,160.07 $0.00 $386.48 $69,900.77
53 $69,900.77 $1,160.07 $0.00 $395.23 $71,456.07
54 $71,456.07 $1,160.07 $0.00 $404.02 $73,020.16
55 $73,020.16 $1,160.07 $0.00 $412.87 $74,593.10
56 $74,593.10 $1,160.07 $0.00 $421.76 $76,174.93
57 $76,174.93 $1,160.07 $0.00 $430.70 $77,765.70
58 $77,765.70 $1,160.07 $0.00 $439.70 $79,365.47
59 $79,365.47 $1,160.07 $0.00 $448.74 $80,974.28
60 $80,974.28 $1,160.07 $0.00 $457.84 $82,592.19
61 $82,592.19 $1,160.07 $0.00 $466.99 $84,219.25
62 $84,219.25 $1,160.07 $0.00 $476.19 $85,855.51
63 $85,855.51 $1,160.07 $0.00 $485.44 $87,501.02
64 $87,501.02 $1,160.07 $0.00 $494.74 $89,155.83
65 $89,155.83 $1,160.07 $0.00 $504.10 $90,820.00
66 $90,820.00 $1,160.07 $0.00 $513.51 $92,493.58
67 $92,493.58 $1,160.07 $0.00 $522.97 $94,176.62
68 $94,176.62 $1,160.07 $0.00 $532.49 $95,869.18
69 $95,869.18 $1,160.07 $0.00 $542.06 $97,571.31
70 $97,571.31 $1,160.07 $0.00 $551.68 $99,283.06
71 $99,283.06 $1,160.07 $0.00 $561.36 $101,004.49
72 $101,004.49 $1,160.07 $0.00 $571.09 $102,735.65
73 $102,735.65 $1,160.07 $0.00 $580.88 $104,476.60
74 $104,476.60 $1,160.07 $0.00 $590.73 $106,227.40
75 $106,227.40 $1,160.07 $0.00 $600.63 $107,988.10
76 $107,988.10 $1,160.07 $0.00 $610.58 $109,758.75
77 $109,758.75 $1,160.07 $0.00 $620.59 $111,539.41
78 $111,539.41 $1,160.07 $0.00 $630.66 $113,330.14
79 $113,330.14 $1,160.07 $0.00 $640.79 $115,131.00
80 $115,131.00 $1,160.07 $0.00 $650.97 $116,942.04
81 $116,942.04 $1,160.07 $0.00 $661.21 $118,763.32
82 $118,763.32 $1,160.07 $0.00 $671.51 $120,594.90
83 $120,594.90 $1,160.07 $0.00 $681.86 $122,436.83
84 $122,436.83 $1,160.07 $0.00 $692.28 $124,289.18
85 $124,289.18 $1,160.07 $0.00 $702.75 $126,152.00
86 $126,152.00 $1,160.07 $0.00 $713.28 $128,025.35
87 $128,025.35 $1,160.07 $0.00 $723.87 $129,909.29
88 $129,909.29 $1,160.07 $0.00 $734.53 $131,803.89
89 $131,803.89 $1,160.07 $0.00 $745.24 $133,709.20
90 $133,709.20 $1,160.07 $0.00 $756.01 $135,625.28
91 $135,625.28 $1,160.07 $0.00 $766.85 $137,552.20
92 $137,552.20 $1,160.07 $0.00 $777.74 $139,490.01
93 $139,490.01 $1,160.07 $0.00 $788.70 $141,438.78
94 $141,438.78 $1,160.07 $0.00 $799.72 $143,398.57
95 $143,398.57 $1,160.07 $0.00 $810.80 $145,369.44
96 $145,369.44 $1,160.07 $0.00 $821.94 $147,351.45
97 $147,351.45 $1,160.07 $0.00 $833.15 $149,344.67
98 $149,344.67 $1,160.07 $0.00 $844.42 $151,349.16
99 $151,349.16 $1,160.07 $0.00 $855.75 $153,364.98
100 $153,364.98 $1,160.07 $0.00 $867.15 $155,392.20
101 $155,392.20 $1,160.07 $0.00 $878.61 $157,430.88
102 $157,430.88 $1,160.07 $0.00 $890.14 $159,481.09
103 $159,481.09 $1,160.07 $0.00 $901.73 $161,542.89
104 $161,542.89 $1,160.07 $0.00 $913.39 $163,616.35
105 $163,616.35 $1,160.07 $0.00 $925.11 $165,701.53
106 $165,701.53 $1,160.07 $0.00 $936.90 $167,798.50
107 $167,798.50 $1,160.07 $0.00 $948.76 $169,907.33
108 $169,907.33 $1,160.07 $0.00 $960.68 $172,028.08
109 $172,028.08 $1,160.07 $0.00 $972.67 $174,160.82
110 $174,160.82 $1,160.07 $0.00 $984.73 $176,305.62
111 $176,305.62 $1,160.07 $0.00 $996.86 $178,462.55
112 $178,462.55 $1,160.07 $0.00 $1,009.05 $180,631.67
113 $180,631.67 $1,160.07 $0.00 $1,021.32 $182,813.06
114 $182,813.06 $1,160.07 $0.00 $1,033.65 $185,006.78
115 $185,006.78 $1,160.07 $0.00 $1,046.06 $187,212.91
116 $187,212.91 $1,160.07 $0.00 $1,058.53 $189,431.51
117 $189,431.51 $1,160.07 $0.00 $1,071.07 $191,662.65
118 $191,662.65 $1,160.07 $0.00 $1,083.69 $193,906.41
119 $193,906.41 $1,160.07 $0.00 $1,096.38 $196,162.86
120 $196,162.86 $1,160.07 $0.00 $1,109.13 $198,432.06
121 $198,432.06 $1,160.07 $0.00 $1,121.96 $200,714.09
122 $200,714.09 $1,160.07 $0.00 $1,134.87 $203,009.03
123 $203,009.03 $1,160.07 $0.00 $1,147.84 $205,316.94
124 $205,316.94 $1,160.07 $0.00 $1,160.89 $207,637.90
125 $207,637.90 $1,160.07 $0.00 $1,174.01 $209,971.98
126 $209,971.98 $1,160.07 $0.00 $1,187.21 $212,319.26
127 $212,319.26 $1,160.07 $0.00 $1,200.48 $214,679.81
128 $214,679.81 $1,160.07 $0.00 $1,213.83 $217,053.71
129 $217,053.71 $1,160.07 $0.00 $1,227.25 $219,441.03
130 $219,441.03 $1,160.07 $0.00 $1,240.75 $221,841.85
131 $221,841.85 $1,160.07 $0.00 $1,254.33 $224,256.25
132 $224,256.25 $1,160.07 $0.00 $1,267.98 $226,684.30
133 $226,684.30 $1,160.07 $0.00 $1,281.71 $229,126.08
134 $229,126.08 $1,160.07 $0.00 $1,295.51 $231,581.66
135 $231,581.66 $1,160.07 $0.00 $1,309.40 $234,051.13
136 $234,051.13 $1,160.07 $0.00 $1,323.36 $236,534.56
137 $236,534.56 $1,160.07 $0.00 $1,337.40 $239,032.03
138 $239,032.03 $1,160.07 $0.00 $1,351.52 $241,543.62
139 $241,543.62 $1,160.07 $0.00 $1,365.72 $244,069.41
140 $244,069.41 $1,160.07 $0.00 $1,380.00 $246,609.48
141 $246,609.48 $1,160.07 $0.00 $1,394.37 $249,163.92
142 $249,163.92 $1,160.07 $0.00 $1,408.81 $251,732.80
143 $251,732.80 $1,160.07 $0.00 $1,423.33 $254,316.20
144 $254,316.20 $1,160.07 $0.00 $1,437.94 $256,914.21
145 $256,914.21 $1,160.07 $0.00 $1,452.63 $259,526.91
146 $259,526.91 $1,160.07 $0.00 $1,467.40 $262,154.38
147 $262,154.38 $1,160.07 $0.00 $1,482.26 $264,796.71
148 $264,796.71 $1,160.07 $0.00 $1,497.20 $267,453.98
149 $267,453.98 $1,160.07 $0.00 $1,512.22 $270,126.27
150 $270,126.27 $1,160.07 $0.00 $1,527.33 $272,813.67
151 $272,813.67 $1,160.07 $0.00 $1,542.53 $275,516.27
152 $275,516.27 $1,160.07 $0.00 $1,557.81 $278,234.15
153 $278,234.15 $1,160.07 $0.00 $1,573.18 $280,967.40
154 $280,967.40 $1,160.07 $0.00 $1,588.63 $283,716.10
155 $283,716.10 $1,160.07 $0.00 $1,604.17 $286,480.34
156 $286,480.34 $1,160.07 $0.00 $1,619.80 $289,260.21
157 $289,260.21 $1,160.07 $0.00 $1,635.52 $292,055.80
158 $292,055.80 $1,160.07 $0.00 $1,651.33 $294,867.20
159 $294,867.20 $1,160.07 $0.00 $1,667.22 $297,694.49
160 $297,694.49 $1,160.07 $0.00 $1,683.21 $300,537.77
161 $300,537.77 $1,160.07 $0.00 $1,699.28 $303,397.12
162 $303,397.12 $1,160.07 $0.00 $1,715.45 $306,272.64
163 $306,272.64 $1,160.07 $0.00 $1,731.71 $309,164.42
164 $309,164.42 $1,160.07 $0.00 $1,748.06 $312,072.55
165 $312,072.55 $1,160.07 $0.00 $1,764.50 $314,997.12
166 $314,997.12 $1,160.07 $0.00 $1,781.04 $317,938.23
167 $317,938.23 $1,160.07 $0.00 $1,797.67 $320,895.97
168 $320,895.97 $1,160.07 $0.00 $1,814.39 $323,870.43
169 $323,870.43 $1,160.07 $0.00 $1,831.21 $326,861.71
170 $326,861.71 $1,160.07 $0.00 $1,848.12 $329,869.90
171 $329,869.90 $1,160.07 $0.00 $1,865.13 $332,895.10
172 $332,895.10 $1,160.07 $0.00 $1,882.24 $335,937.41
173 $335,937.41 $1,160.07 $0.00 $1,899.44 $338,996.92
174 $338,996.92 $1,160.07 $0.00 $1,916.74 $342,073.73
175 $342,073.73 $1,160.07 $0.00 $1,934.13 $345,167.93
176 $345,167.93 $1,160.07 $0.00 $1,951.63 $348,279.63
177 $348,279.63 $1,160.07 $0.00 $1,969.22 $351,408.92
178 $351,408.92 $1,160.07 $0.00 $1,986.92 $354,555.91
179 $354,555.91 $1,160.07 $0.00 $2,004.71 $357,720.69
180 $357,720.69 $1,160.07 $0.00 $2,022.60 $360,903.36
181 $360,903.36 $1,160.07 $0.00 $2,040.60 $364,104.03
182 $364,104.03 $1,160.07 $0.00 $2,058.70 $367,322.80
183 $367,322.80 $1,160.07 $0.00 $2,076.90 $370,559.77
184 $370,559.77 $1,160.07 $0.00 $2,095.20 $373,815.04
185 $373,815.04 $1,160.07 $0.00 $2,113.60 $377,088.71
186 $377,088.71 $1,160.07 $0.00 $2,132.11 $380,380.89
187 $380,380.89 $1,160.07 $0.00 $2,150.73 $383,691.69
188 $383,691.69 $1,160.07 $0.00 $2,169.45 $387,021.21
189 $387,021.21 $1,160.07 $0.00 $2,188.27 $390,369.55
190 $390,369.55 $1,160.07 $0.00 $2,207.21 $393,736.83
191 $393,736.83 $1,160.07 $0.00 $2,226.25 $397,123.15
192 $397,123.15 $1,160.07 $0.00 $2,245.39 $400,528.61
193 $400,528.61 $1,160.07 $0.00 $2,264.65 $403,953.33
194 $403,953.33 $1,160.07 $0.00 $2,284.01 $407,397.41
195 $407,397.41 $1,160.07 $0.00 $2,303.48 $410,860.96
196 $410,860.96 $1,160.07 $0.00 $2,323.07 $414,344.10
197 $414,344.10 $1,160.07 $0.00 $2,342.76 $417,846.93
198 $417,846.93 $1,160.07 $0.00 $2,362.57 $421,369.57
199 $421,369.57 $1,160.07 $0.00 $2,382.48 $424,912.12
200 $424,912.12 $1,160.07 $0.00 $2,402.51 $428,474.70
201 $428,474.70 $1,160.07 $0.00 $2,422.66 $432,057.43
202 $432,057.43 $1,160.07 $0.00 $2,442.92 $435,660.42
203 $435,660.42 $1,160.07 $0.00 $2,463.29 $439,283.78
204 $439,283.78 $1,160.07 $0.00 $2,483.77 $442,927.62
205 $442,927.62 $1,160.07 $0.00 $2,504.38 $446,592.07
206 $446,592.07 $1,160.07 $0.00 $2,525.10 $450,277.24
207 $450,277.24 $1,160.07 $0.00 $2,545.93 $453,983.24
208 $453,983.24 $1,160.07 $0.00 $2,566.89 $457,710.20
209 $457,710.20 $1,160.07 $0.00 $2,587.96 $461,458.23
210 $461,458.23 $1,160.07 $0.00 $2,609.15 $465,227.45
211 $465,227.45 $1,160.07 $0.00 $2,630.46 $469,017.98
212 $469,017.98 $1,160.07 $0.00 $2,651.90 $472,829.95
213 $472,829.95 $1,160.07 $0.00 $2,673.45 $476,663.47
214 $476,663.47 $1,160.07 $0.00 $2,695.12 $480,518.66
215 $480,518.66 $1,160.07 $0.00 $2,716.92 $484,395.65
216 $484,395.65 $1,160.07 $0.00 $2,738.84 $488,294.56
217 $488,294.56 $1,160.07 $132,239.85 $2,760.89 $359,975.67
218 $359,975.67 $1,160.07 $0.00 $2,035.35 $363,171.09
219 $363,171.09 $1,160.07 $0.00 $2,053.42 $366,384.58
220 $366,384.58 $1,160.07 $0.00 $2,071.59 $369,616.24
221 $369,616.24 $1,160.07 $0.00 $2,089.86 $372,866.17
222 $372,866.17 $1,160.07 $0.00 $2,108.24 $376,134.48
223 $376,134.48 $1,160.07 $0.00 $2,126.72 $379,421.27
224 $379,421.27 $1,160.07 $0.00 $2,145.30 $382,726.64
225 $382,726.64 $1,160.07 $0.00 $2,163.99 $386,050.70
226 $386,050.70 $1,160.07 $0.00 $2,182.79 $389,393.56
227 $389,393.56 $1,160.07 $0.00 $2,201.69 $392,755.32
228 $392,755.32 $1,160.07 $0.00 $2,220.70 $396,136.09
229 $396,136.09 $1,160.07 $141,496.64 $2,239.81 $258,039.33
230 $258,039.33 $1,160.07 $0.00 $1,458.99 $260,658.39
231 $260,658.39 $1,160.07 $0.00 $1,473.80 $263,292.26
232 $263,292.26 $1,160.07 $0.00 $1,488.69 $265,941.02
233 $265,941.02 $1,160.07 $0.00 $1,503.67 $268,604.76
234 $268,604.76 $1,160.07 $0.00 $1,518.73 $271,283.56
235 $271,283.56 $1,160.07 $0.00 $1,533.88 $273,977.51
236 $273,977.51 $1,160.07 $0.00 $1,549.11 $276,686.69
237 $276,686.69 $1,160.07 $0.00 $1,564.43 $279,411.19
238 $279,411.19 $1,160.07 $0.00 $1,579.83 $282,151.09
239 $282,151.09 $1,160.07 $0.00 $1,595.32 $284,906.48
240 $284,906.48 $1,160.07 $0.00 $1,610.90 $287,677.45
241 $287,677.45 $1,160.07 $151,401.40 $1,626.57 $139,062.69
242 $139,062.69 $1,160.07 $0.00 $786.28 $141,009.04
243 $141,009.04 $1,160.07 $0.00 $797.29 $142,966.40
244 $142,966.40 $1,160.07 $0.00 $808.35 $144,934.82
245 $144,934.82 $1,160.07 $0.00 $819.48 $146,914.37
246 $146,914.37 $1,160.07 $0.00 $830.68 $148,905.12
247 $148,905.12 $1,160.07 $0.00 $841.93 $150,907.12
248 $150,907.12 $1,160.07 $0.00 $853.25 $152,920.44
249 $152,920.44 $1,160.07 $0.00 $864.63 $154,945.14
250 $154,945.14 $1,160.07 $0.00 $876.08 $156,981.29
251 $156,981.29 $1,160.07 $0.00 $887.60 $159,028.96
252 $159,028.96 $1,160.07 $0.00 $899.17 $161,088.20
253 $161,088.20 $0.00 $161,999.50 $910.82 -$0.48