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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$89,357
Monthly savings required$707

How much will it cost to send your child to Southwest Baptist University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $357,426.97 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $707.34 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$34,458.00
Years until enrollment18
Annual Tuition Increase5%
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 $707.34 $0.00 $0.00 $707.34
2 $707.34 $707.34 $0.00 $4.00 $1,418.68
3 $1,418.68 $707.34 $0.00 $8.02 $2,134.04
4 $2,134.04 $707.34 $0.00 $12.07 $2,853.45
5 $2,853.45 $707.34 $0.00 $16.13 $3,576.92
6 $3,576.92 $707.34 $0.00 $20.22 $4,304.48
7 $4,304.48 $707.34 $0.00 $24.34 $5,036.16
8 $5,036.16 $707.34 $0.00 $28.48 $5,771.98
9 $5,771.98 $707.34 $0.00 $32.64 $6,511.96
10 $6,511.96 $707.34 $0.00 $36.82 $7,256.12
11 $7,256.12 $707.34 $0.00 $41.03 $8,004.49
12 $8,004.49 $707.34 $0.00 $45.26 $8,757.09
13 $8,757.09 $707.34 $0.00 $49.51 $9,513.94
14 $9,513.94 $707.34 $0.00 $53.79 $10,275.07
15 $10,275.07 $707.34 $0.00 $58.10 $11,040.51
16 $11,040.51 $707.34 $0.00 $62.42 $11,810.27
17 $11,810.27 $707.34 $0.00 $66.78 $12,584.39
18 $12,584.39 $707.34 $0.00 $71.15 $13,362.88
19 $13,362.88 $707.34 $0.00 $75.56 $14,145.78
20 $14,145.78 $707.34 $0.00 $79.98 $14,933.10
21 $14,933.10 $707.34 $0.00 $84.43 $15,724.87
22 $15,724.87 $707.34 $0.00 $88.91 $16,521.12
23 $16,521.12 $707.34 $0.00 $93.41 $17,321.87
24 $17,321.87 $707.34 $0.00 $97.94 $18,127.15
25 $18,127.15 $707.34 $0.00 $102.49 $18,936.98
26 $18,936.98 $707.34 $0.00 $107.07 $19,751.39
27 $19,751.39 $707.34 $0.00 $111.68 $20,570.41
28 $20,570.41 $707.34 $0.00 $116.31 $21,394.06
29 $21,394.06 $707.34 $0.00 $120.97 $22,222.37
30 $22,222.37 $707.34 $0.00 $125.65 $23,055.36
31 $23,055.36 $707.34 $0.00 $130.36 $23,893.06
32 $23,893.06 $707.34 $0.00 $135.09 $24,735.49
33 $24,735.49 $707.34 $0.00 $139.86 $25,582.69
34 $25,582.69 $707.34 $0.00 $144.65 $26,434.68
35 $26,434.68 $707.34 $0.00 $149.47 $27,291.49
36 $27,291.49 $707.34 $0.00 $154.31 $28,153.14
37 $28,153.14 $707.34 $0.00 $159.18 $29,019.66
38 $29,019.66 $707.34 $0.00 $164.08 $29,891.08
39 $29,891.08 $707.34 $0.00 $169.01 $30,767.43
40 $30,767.43 $707.34 $0.00 $173.96 $31,648.73
41 $31,648.73 $707.34 $0.00 $178.95 $32,535.02
42 $32,535.02 $707.34 $0.00 $183.96 $33,426.32
43 $33,426.32 $707.34 $0.00 $189.00 $34,322.66
44 $34,322.66 $707.34 $0.00 $194.07 $35,224.07
45 $35,224.07 $707.34 $0.00 $199.16 $36,130.57
46 $36,130.57 $707.34 $0.00 $204.29 $37,042.20
47 $37,042.20 $707.34 $0.00 $209.44 $37,958.98
48 $37,958.98 $707.34 $0.00 $214.63 $38,880.95
49 $38,880.95 $707.34 $0.00 $219.84 $39,808.13
50 $39,808.13 $707.34 $0.00 $225.08 $40,740.55
51 $40,740.55 $707.34 $0.00 $230.35 $41,678.24
52 $41,678.24 $707.34 $0.00 $235.65 $42,621.23
53 $42,621.23 $707.34 $0.00 $240.99 $43,569.56
54 $43,569.56 $707.34 $0.00 $246.35 $44,523.25
55 $44,523.25 $707.34 $0.00 $251.74 $45,482.33
56 $45,482.33 $707.34 $0.00 $257.16 $46,446.83
57 $46,446.83 $707.34 $0.00 $262.62 $47,416.79
58 $47,416.79 $707.34 $0.00 $268.10 $48,392.23
59 $48,392.23 $707.34 $0.00 $273.62 $49,373.19
60 $49,373.19 $707.34 $0.00 $279.16 $50,359.69
61 $50,359.69 $707.34 $0.00 $284.74 $51,351.77
62 $51,351.77 $707.34 $0.00 $290.35 $52,349.46
63 $52,349.46 $707.34 $0.00 $295.99 $53,352.79
64 $53,352.79 $707.34 $0.00 $301.66 $54,361.79
65 $54,361.79 $707.34 $0.00 $307.37 $55,376.50
66 $55,376.50 $707.34 $0.00 $313.11 $56,396.95
67 $56,396.95 $707.34 $0.00 $318.88 $57,423.17
68 $57,423.17 $707.34 $0.00 $324.68 $58,455.19
69 $58,455.19 $707.34 $0.00 $330.51 $59,493.04
70 $59,493.04 $707.34 $0.00 $336.38 $60,536.76
71 $60,536.76 $707.34 $0.00 $342.28 $61,586.38
72 $61,586.38 $707.34 $0.00 $348.22 $62,641.94
73 $62,641.94 $707.34 $0.00 $354.19 $63,703.47
74 $63,703.47 $707.34 $0.00 $360.19 $64,771.00
75 $64,771.00 $707.34 $0.00 $366.22 $65,844.56
76 $65,844.56 $707.34 $0.00 $372.29 $66,924.19
77 $66,924.19 $707.34 $0.00 $378.40 $68,009.93
78 $68,009.93 $707.34 $0.00 $384.54 $69,101.81
79 $69,101.81 $707.34 $0.00 $390.71 $70,199.86
80 $70,199.86 $707.34 $0.00 $396.92 $71,304.12
81 $71,304.12 $707.34 $0.00 $403.16 $72,414.62
82 $72,414.62 $707.34 $0.00 $409.44 $73,531.40
83 $73,531.40 $707.34 $0.00 $415.76 $74,654.50
84 $74,654.50 $707.34 $0.00 $422.11 $75,783.95
85 $75,783.95 $707.34 $0.00 $428.49 $76,919.78
86 $76,919.78 $707.34 $0.00 $434.92 $78,062.04
87 $78,062.04 $707.34 $0.00 $441.37 $79,210.75
88 $79,210.75 $707.34 $0.00 $447.87 $80,365.96
89 $80,365.96 $707.34 $0.00 $454.40 $81,527.70
90 $81,527.70 $707.34 $0.00 $460.97 $82,696.01
91 $82,696.01 $707.34 $0.00 $467.58 $83,870.93
92 $83,870.93 $707.34 $0.00 $474.22 $85,052.49
93 $85,052.49 $707.34 $0.00 $480.90 $86,240.73
94 $86,240.73 $707.34 $0.00 $487.62 $87,435.69
95 $87,435.69 $707.34 $0.00 $494.37 $88,637.40
96 $88,637.40 $707.34 $0.00 $501.17 $89,845.91
97 $89,845.91 $707.34 $0.00 $508.00 $91,061.25
98 $91,061.25 $707.34 $0.00 $514.87 $92,283.46
99 $92,283.46 $707.34 $0.00 $521.78 $93,512.58
100 $93,512.58 $707.34 $0.00 $528.73 $94,748.65
101 $94,748.65 $707.34 $0.00 $535.72 $95,991.71
102 $95,991.71 $707.34 $0.00 $542.75 $97,241.80
103 $97,241.80 $707.34 $0.00 $549.82 $98,498.96
104 $98,498.96 $707.34 $0.00 $556.93 $99,763.23
105 $99,763.23 $707.34 $0.00 $564.08 $101,034.65
106 $101,034.65 $707.34 $0.00 $571.26 $102,313.25
107 $102,313.25 $707.34 $0.00 $578.49 $103,599.08
108 $103,599.08 $707.34 $0.00 $585.76 $104,892.18
109 $104,892.18 $707.34 $0.00 $593.08 $106,192.60
110 $106,192.60 $707.34 $0.00 $600.43 $107,500.37
111 $107,500.37 $707.34 $0.00 $607.82 $108,815.53
112 $108,815.53 $707.34 $0.00 $615.26 $110,138.13
113 $110,138.13 $707.34 $0.00 $622.74 $111,468.21
114 $111,468.21 $707.34 $0.00 $630.26 $112,805.81
115 $112,805.81 $707.34 $0.00 $637.82 $114,150.97
116 $114,150.97 $707.34 $0.00 $645.43 $115,503.74
117 $115,503.74 $707.34 $0.00 $653.07 $116,864.15
118 $116,864.15 $707.34 $0.00 $660.77 $118,232.26
119 $118,232.26 $707.34 $0.00 $668.50 $119,608.10
120 $119,608.10 $707.34 $0.00 $676.28 $120,991.72
121 $120,991.72 $707.34 $0.00 $684.10 $122,383.16
122 $122,383.16 $707.34 $0.00 $691.97 $123,782.47
123 $123,782.47 $707.34 $0.00 $699.88 $125,189.69
124 $125,189.69 $707.34 $0.00 $707.84 $126,604.87
125 $126,604.87 $707.34 $0.00 $715.84 $128,028.05
126 $128,028.05 $707.34 $0.00 $723.89 $129,459.28
127 $129,459.28 $707.34 $0.00 $731.98 $130,898.60
128 $130,898.60 $707.34 $0.00 $740.12 $132,346.06
129 $132,346.06 $707.34 $0.00 $748.30 $133,801.70
130 $133,801.70 $707.34 $0.00 $756.53 $135,265.57
131 $135,265.57 $707.34 $0.00 $764.81 $136,737.72
132 $136,737.72 $707.34 $0.00 $773.13 $138,218.19
133 $138,218.19 $707.34 $0.00 $781.51 $139,707.04
134 $139,707.04 $707.34 $0.00 $789.92 $141,204.30
135 $141,204.30 $707.34 $0.00 $798.39 $142,710.03
136 $142,710.03 $707.34 $0.00 $806.90 $144,224.27
137 $144,224.27 $707.34 $0.00 $815.46 $145,747.07
138 $145,747.07 $707.34 $0.00 $824.08 $147,278.49
139 $147,278.49 $707.34 $0.00 $832.73 $148,818.56
140 $148,818.56 $707.34 $0.00 $841.44 $150,367.34
141 $150,367.34 $707.34 $0.00 $850.20 $151,924.88
142 $151,924.88 $707.34 $0.00 $859.01 $153,491.23
143 $153,491.23 $707.34 $0.00 $867.86 $155,066.43
144 $155,066.43 $707.34 $0.00 $876.77 $156,650.54
145 $156,650.54 $707.34 $0.00 $885.72 $158,243.60
146 $158,243.60 $707.34 $0.00 $894.73 $159,845.67
147 $159,845.67 $707.34 $0.00 $903.79 $161,456.80
148 $161,456.80 $707.34 $0.00 $912.90 $163,077.04
149 $163,077.04 $707.34 $0.00 $922.06 $164,706.44
150 $164,706.44 $707.34 $0.00 $931.27 $166,345.05
151 $166,345.05 $707.34 $0.00 $940.54 $167,992.93
152 $167,992.93 $707.34 $0.00 $949.86 $169,650.13
153 $169,650.13 $707.34 $0.00 $959.23 $171,316.70
154 $171,316.70 $707.34 $0.00 $968.65 $172,992.69
155 $172,992.69 $707.34 $0.00 $978.13 $174,678.16
156 $174,678.16 $707.34 $0.00 $987.66 $176,373.16
157 $176,373.16 $707.34 $0.00 $997.24 $178,077.74
158 $178,077.74 $707.34 $0.00 $1,006.88 $179,791.96
159 $179,791.96 $707.34 $0.00 $1,016.57 $181,515.87
160 $181,515.87 $707.34 $0.00 $1,026.32 $183,249.53
161 $183,249.53 $707.34 $0.00 $1,036.12 $184,992.99
162 $184,992.99 $707.34 $0.00 $1,045.98 $186,746.31
163 $186,746.31 $707.34 $0.00 $1,055.89 $188,509.54
164 $188,509.54 $707.34 $0.00 $1,065.86 $190,282.74
165 $190,282.74 $707.34 $0.00 $1,075.89 $192,065.97
166 $192,065.97 $707.34 $0.00 $1,085.97 $193,859.28
167 $193,859.28 $707.34 $0.00 $1,096.11 $195,662.73
168 $195,662.73 $707.34 $0.00 $1,106.31 $197,476.38
169 $197,476.38 $707.34 $0.00 $1,116.56 $199,300.28
170 $199,300.28 $707.34 $0.00 $1,126.87 $201,134.49
171 $201,134.49 $707.34 $0.00 $1,137.24 $202,979.07
172 $202,979.07 $707.34 $0.00 $1,147.67 $204,834.08
173 $204,834.08 $707.34 $0.00 $1,158.16 $206,699.58
174 $206,699.58 $707.34 $0.00 $1,168.71 $208,575.63
175 $208,575.63 $707.34 $0.00 $1,179.32 $210,462.29
176 $210,462.29 $707.34 $0.00 $1,189.98 $212,359.61
177 $212,359.61 $707.34 $0.00 $1,200.71 $214,267.66
178 $214,267.66 $707.34 $0.00 $1,211.50 $216,186.50
179 $216,186.50 $707.34 $0.00 $1,222.35 $218,116.19
180 $218,116.19 $707.34 $0.00 $1,233.26 $220,056.79
181 $220,056.79 $707.34 $0.00 $1,244.23 $222,008.36
182 $222,008.36 $707.34 $0.00 $1,255.27 $223,970.97
183 $223,970.97 $707.34 $0.00 $1,266.36 $225,944.67
184 $225,944.67 $707.34 $0.00 $1,277.52 $227,929.53
185 $227,929.53 $707.34 $0.00 $1,288.75 $229,925.62
186 $229,925.62 $707.34 $0.00 $1,300.03 $231,932.99
187 $231,932.99 $707.34 $0.00 $1,311.38 $233,951.71
188 $233,951.71 $707.34 $0.00 $1,322.80 $235,981.85
189 $235,981.85 $707.34 $0.00 $1,334.28 $238,023.47
190 $238,023.47 $707.34 $0.00 $1,345.82 $240,076.63
191 $240,076.63 $707.34 $0.00 $1,357.43 $242,141.40
192 $242,141.40 $707.34 $0.00 $1,369.10 $244,217.84
193 $244,217.84 $707.34 $0.00 $1,380.84 $246,306.02
194 $246,306.02 $707.34 $0.00 $1,392.65 $248,406.01
195 $248,406.01 $707.34 $0.00 $1,404.52 $250,517.87
196 $250,517.87 $707.34 $0.00 $1,416.46 $252,641.67
197 $252,641.67 $707.34 $0.00 $1,428.47 $254,777.48
198 $254,777.48 $707.34 $0.00 $1,440.55 $256,925.37
199 $256,925.37 $707.34 $0.00 $1,452.69 $259,085.40
200 $259,085.40 $707.34 $0.00 $1,464.91 $261,257.65
201 $261,257.65 $707.34 $0.00 $1,477.19 $263,442.18
202 $263,442.18 $707.34 $0.00 $1,489.54 $265,639.06
203 $265,639.06 $707.34 $0.00 $1,501.96 $267,848.36
204 $267,848.36 $707.34 $0.00 $1,514.45 $270,070.15
205 $270,070.15 $707.34 $0.00 $1,527.02 $272,304.51
206 $272,304.51 $707.34 $0.00 $1,539.65 $274,551.50
207 $274,551.50 $707.34 $0.00 $1,552.35 $276,811.19
208 $276,811.19 $707.34 $0.00 $1,565.13 $279,083.66
209 $279,083.66 $707.34 $0.00 $1,577.98 $281,368.98
210 $281,368.98 $707.34 $0.00 $1,590.90 $283,667.22
211 $283,667.22 $707.34 $0.00 $1,603.90 $285,978.46
212 $285,978.46 $707.34 $0.00 $1,616.96 $288,302.76
213 $288,302.76 $707.34 $0.00 $1,630.11 $290,640.21
214 $290,640.21 $707.34 $0.00 $1,643.32 $292,990.87
215 $292,990.87 $707.34 $0.00 $1,656.61 $295,354.82
216 $295,354.82 $707.34 $0.00 $1,669.98 $297,732.14
217 $297,732.14 $707.34 $82,927.29 $1,683.42 $217,195.61
218 $217,195.61 $707.34 $0.00 $1,228.06 $219,131.01
219 $219,131.01 $707.34 $0.00 $1,239.00 $221,077.35
220 $221,077.35 $707.34 $0.00 $1,250.00 $223,034.69
221 $223,034.69 $707.34 $0.00 $1,261.07 $225,003.10
222 $225,003.10 $707.34 $0.00 $1,272.20 $226,982.64
223 $226,982.64 $707.34 $0.00 $1,283.39 $228,973.37
224 $228,973.37 $707.34 $0.00 $1,294.65 $230,975.36
225 $230,975.36 $707.34 $0.00 $1,305.97 $232,988.67
226 $232,988.67 $707.34 $0.00 $1,317.35 $235,013.36
227 $235,013.36 $707.34 $0.00 $1,328.80 $237,049.50
228 $237,049.50 $707.34 $0.00 $1,340.31 $239,097.15
229 $239,097.15 $707.34 $87,073.65 $1,351.89 $154,082.73
230 $154,082.73 $707.34 $0.00 $871.21 $155,661.28
231 $155,661.28 $707.34 $0.00 $880.13 $157,248.75
232 $157,248.75 $707.34 $0.00 $889.11 $158,845.20
233 $158,845.20 $707.34 $0.00 $898.13 $160,450.67
234 $160,450.67 $707.34 $0.00 $907.21 $162,065.22
235 $162,065.22 $707.34 $0.00 $916.34 $163,688.90
236 $163,688.90 $707.34 $0.00 $925.52 $165,321.76
237 $165,321.76 $707.34 $0.00 $934.75 $166,963.85
238 $166,963.85 $707.34 $0.00 $944.04 $168,615.23
239 $168,615.23 $707.34 $0.00 $953.38 $170,275.95
240 $170,275.95 $707.34 $0.00 $962.76 $171,946.05
241 $171,946.05 $707.34 $91,427.33 $972.21 $82,198.27
242 $82,198.27 $707.34 $0.00 $464.76 $83,370.37
243 $83,370.37 $707.34 $0.00 $471.39 $84,549.10
244 $84,549.10 $707.34 $0.00 $478.05 $85,734.49
245 $85,734.49 $707.34 $0.00 $484.76 $86,926.59
246 $86,926.59 $707.34 $0.00 $491.50 $88,125.43
247 $88,125.43 $707.34 $0.00 $498.27 $89,331.04
248 $89,331.04 $707.34 $0.00 $505.09 $90,543.47
249 $90,543.47 $707.34 $0.00 $511.95 $91,762.76
250 $91,762.76 $707.34 $0.00 $518.84 $92,988.94
251 $92,988.94 $707.34 $0.00 $525.77 $94,222.05
252 $94,222.05 $707.34 $0.00 $532.75 $95,462.14
253 $95,462.14 $0.00 $95,998.70 $539.76 $3.20