Savings Plan and Future Cost Estimation for Methodist University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$206,402
Monthly savings required$1,631

How much will it cost to send your child to Methodist University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $825,608.97 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,631.25 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$55,016.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Methodist University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,631.25 $0.00 $0.00 $1,631.25
2 $1,631.25 $1,631.25 $0.00 $9.22 $3,271.72
3 $3,271.72 $1,631.25 $0.00 $18.50 $4,921.47
4 $4,921.47 $1,631.25 $0.00 $27.83 $6,580.55
5 $6,580.55 $1,631.25 $0.00 $37.21 $8,249.01
6 $8,249.01 $1,631.25 $0.00 $46.64 $9,926.90
7 $9,926.90 $1,631.25 $0.00 $56.13 $11,614.28
8 $11,614.28 $1,631.25 $0.00 $65.67 $13,311.20
9 $13,311.20 $1,631.25 $0.00 $75.26 $15,017.71
10 $15,017.71 $1,631.25 $0.00 $84.91 $16,733.87
11 $16,733.87 $1,631.25 $0.00 $94.62 $18,459.74
12 $18,459.74 $1,631.25 $0.00 $104.37 $20,195.36
13 $20,195.36 $1,631.25 $0.00 $114.19 $21,940.80
14 $21,940.80 $1,631.25 $0.00 $124.06 $23,696.11
15 $23,696.11 $1,631.25 $0.00 $133.98 $25,461.34
16 $25,461.34 $1,631.25 $0.00 $143.96 $27,236.55
17 $27,236.55 $1,631.25 $0.00 $154.00 $29,021.80
18 $29,021.80 $1,631.25 $0.00 $164.09 $30,817.14
19 $30,817.14 $1,631.25 $0.00 $174.24 $32,622.63
20 $32,622.63 $1,631.25 $0.00 $184.45 $34,438.33
21 $34,438.33 $1,631.25 $0.00 $194.72 $36,264.30
22 $36,264.30 $1,631.25 $0.00 $205.04 $38,100.59
23 $38,100.59 $1,631.25 $0.00 $215.43 $39,947.27
24 $39,947.27 $1,631.25 $0.00 $225.87 $41,804.39
25 $41,804.39 $1,631.25 $0.00 $236.37 $43,672.01
26 $43,672.01 $1,631.25 $0.00 $246.93 $45,550.19
27 $45,550.19 $1,631.25 $0.00 $257.55 $47,438.99
28 $47,438.99 $1,631.25 $0.00 $268.23 $49,338.47
29 $49,338.47 $1,631.25 $0.00 $278.97 $51,248.69
30 $51,248.69 $1,631.25 $0.00 $289.77 $53,169.71
31 $53,169.71 $1,631.25 $0.00 $300.63 $55,101.59
32 $55,101.59 $1,631.25 $0.00 $311.55 $57,044.39
33 $57,044.39 $1,631.25 $0.00 $322.54 $58,998.18
34 $58,998.18 $1,631.25 $0.00 $333.58 $60,963.01
35 $60,963.01 $1,631.25 $0.00 $344.69 $62,938.95
36 $62,938.95 $1,631.25 $0.00 $355.87 $64,926.07
37 $64,926.07 $1,631.25 $0.00 $367.10 $66,924.42
38 $66,924.42 $1,631.25 $0.00 $378.40 $68,934.07
39 $68,934.07 $1,631.25 $0.00 $389.76 $70,955.08
40 $70,955.08 $1,631.25 $0.00 $401.19 $72,987.52
41 $72,987.52 $1,631.25 $0.00 $412.68 $75,031.45
42 $75,031.45 $1,631.25 $0.00 $424.24 $77,086.94
43 $77,086.94 $1,631.25 $0.00 $435.86 $79,154.05
44 $79,154.05 $1,631.25 $0.00 $447.55 $81,232.85
45 $81,232.85 $1,631.25 $0.00 $459.30 $83,323.40
46 $83,323.40 $1,631.25 $0.00 $471.12 $85,425.77
47 $85,425.77 $1,631.25 $0.00 $483.01 $87,540.03
48 $87,540.03 $1,631.25 $0.00 $494.96 $89,666.24
49 $89,666.24 $1,631.25 $0.00 $506.99 $91,804.48
50 $91,804.48 $1,631.25 $0.00 $519.08 $93,954.81
51 $93,954.81 $1,631.25 $0.00 $531.23 $96,117.29
52 $96,117.29 $1,631.25 $0.00 $543.46 $98,292.00
53 $98,292.00 $1,631.25 $0.00 $555.76 $100,479.01
54 $100,479.01 $1,631.25 $0.00 $568.12 $102,678.38
55 $102,678.38 $1,631.25 $0.00 $580.56 $104,890.19
56 $104,890.19 $1,631.25 $0.00 $593.06 $107,114.50
57 $107,114.50 $1,631.25 $0.00 $605.64 $109,351.39
58 $109,351.39 $1,631.25 $0.00 $618.29 $111,600.93
59 $111,600.93 $1,631.25 $0.00 $631.01 $113,863.19
60 $113,863.19 $1,631.25 $0.00 $643.80 $116,138.24
61 $116,138.24 $1,631.25 $0.00 $656.66 $118,426.15
62 $118,426.15 $1,631.25 $0.00 $669.60 $120,727.00
63 $120,727.00 $1,631.25 $0.00 $682.61 $123,040.86
64 $123,040.86 $1,631.25 $0.00 $695.69 $125,367.80
65 $125,367.80 $1,631.25 $0.00 $708.85 $127,707.90
66 $127,707.90 $1,631.25 $0.00 $722.08 $130,061.23
67 $130,061.23 $1,631.25 $0.00 $735.39 $132,427.87
68 $132,427.87 $1,631.25 $0.00 $748.77 $134,807.89
69 $134,807.89 $1,631.25 $0.00 $762.22 $137,201.36
70 $137,201.36 $1,631.25 $0.00 $775.76 $139,608.37
71 $139,608.37 $1,631.25 $0.00 $789.37 $142,028.99
72 $142,028.99 $1,631.25 $0.00 $803.05 $144,463.29
73 $144,463.29 $1,631.25 $0.00 $816.82 $146,911.36
74 $146,911.36 $1,631.25 $0.00 $830.66 $149,373.27
75 $149,373.27 $1,631.25 $0.00 $844.58 $151,849.10
76 $151,849.10 $1,631.25 $0.00 $858.58 $154,338.93
77 $154,338.93 $1,631.25 $0.00 $872.65 $156,842.83
78 $156,842.83 $1,631.25 $0.00 $886.81 $159,360.89
79 $159,360.89 $1,631.25 $0.00 $901.05 $161,893.19
80 $161,893.19 $1,631.25 $0.00 $915.37 $164,439.81
81 $164,439.81 $1,631.25 $0.00 $929.77 $167,000.83
82 $167,000.83 $1,631.25 $0.00 $944.25 $169,576.33
83 $169,576.33 $1,631.25 $0.00 $958.81 $172,166.39
84 $172,166.39 $1,631.25 $0.00 $973.45 $174,771.09
85 $174,771.09 $1,631.25 $0.00 $988.18 $177,390.52
86 $177,390.52 $1,631.25 $0.00 $1,002.99 $180,024.76
87 $180,024.76 $1,631.25 $0.00 $1,017.89 $182,673.90
88 $182,673.90 $1,631.25 $0.00 $1,032.86 $185,338.01
89 $185,338.01 $1,631.25 $0.00 $1,047.93 $188,017.19
90 $188,017.19 $1,631.25 $0.00 $1,063.08 $190,711.52
91 $190,711.52 $1,631.25 $0.00 $1,078.31 $193,421.08
92 $193,421.08 $1,631.25 $0.00 $1,093.63 $196,145.96
93 $196,145.96 $1,631.25 $0.00 $1,109.04 $198,886.25
94 $198,886.25 $1,631.25 $0.00 $1,124.53 $201,642.03
95 $201,642.03 $1,631.25 $0.00 $1,140.11 $204,413.39
96 $204,413.39 $1,631.25 $0.00 $1,155.78 $207,200.42
97 $207,200.42 $1,631.25 $0.00 $1,171.54 $210,003.21
98 $210,003.21 $1,631.25 $0.00 $1,187.39 $212,821.85
99 $212,821.85 $1,631.25 $0.00 $1,203.33 $215,656.43
100 $215,656.43 $1,631.25 $0.00 $1,219.35 $218,507.03
101 $218,507.03 $1,631.25 $0.00 $1,235.47 $221,373.75
102 $221,373.75 $1,631.25 $0.00 $1,251.68 $224,256.68
103 $224,256.68 $1,631.25 $0.00 $1,267.98 $227,155.91
104 $227,155.91 $1,631.25 $0.00 $1,284.37 $230,071.53
105 $230,071.53 $1,631.25 $0.00 $1,300.86 $233,003.64
106 $233,003.64 $1,631.25 $0.00 $1,317.44 $235,952.33
107 $235,952.33 $1,631.25 $0.00 $1,334.11 $238,917.69
108 $238,917.69 $1,631.25 $0.00 $1,350.88 $241,899.82
109 $241,899.82 $1,631.25 $0.00 $1,367.74 $244,898.81
110 $244,898.81 $1,631.25 $0.00 $1,384.69 $247,914.75
111 $247,914.75 $1,631.25 $0.00 $1,401.75 $250,947.75
112 $250,947.75 $1,631.25 $0.00 $1,418.90 $253,997.90
113 $253,997.90 $1,631.25 $0.00 $1,436.14 $257,065.29
114 $257,065.29 $1,631.25 $0.00 $1,453.48 $260,150.02
115 $260,150.02 $1,631.25 $0.00 $1,470.93 $263,252.20
116 $263,252.20 $1,631.25 $0.00 $1,488.47 $266,371.92
117 $266,371.92 $1,631.25 $0.00 $1,506.11 $269,509.28
118 $269,509.28 $1,631.25 $0.00 $1,523.84 $272,664.37
119 $272,664.37 $1,631.25 $0.00 $1,541.68 $275,837.30
120 $275,837.30 $1,631.25 $0.00 $1,559.62 $279,028.17
121 $279,028.17 $1,631.25 $0.00 $1,577.67 $282,237.09
122 $282,237.09 $1,631.25 $0.00 $1,595.81 $285,464.15
123 $285,464.15 $1,631.25 $0.00 $1,614.06 $288,709.46
124 $288,709.46 $1,631.25 $0.00 $1,632.41 $291,973.12
125 $291,973.12 $1,631.25 $0.00 $1,650.86 $295,255.23
126 $295,255.23 $1,631.25 $0.00 $1,669.42 $298,555.90
127 $298,555.90 $1,631.25 $0.00 $1,688.08 $301,875.23
128 $301,875.23 $1,631.25 $0.00 $1,706.85 $305,213.33
129 $305,213.33 $1,631.25 $0.00 $1,725.72 $308,570.30
130 $308,570.30 $1,631.25 $0.00 $1,744.70 $311,946.25
131 $311,946.25 $1,631.25 $0.00 $1,763.79 $315,341.29
132 $315,341.29 $1,631.25 $0.00 $1,782.99 $318,755.53
133 $318,755.53 $1,631.25 $0.00 $1,802.29 $322,189.07
134 $322,189.07 $1,631.25 $0.00 $1,821.70 $325,642.02
135 $325,642.02 $1,631.25 $0.00 $1,841.23 $329,114.50
136 $329,114.50 $1,631.25 $0.00 $1,860.86 $332,606.61
137 $332,606.61 $1,631.25 $0.00 $1,880.61 $336,118.47
138 $336,118.47 $1,631.25 $0.00 $1,900.46 $339,650.18
139 $339,650.18 $1,631.25 $0.00 $1,920.43 $343,201.86
140 $343,201.86 $1,631.25 $0.00 $1,940.51 $346,773.62
141 $346,773.62 $1,631.25 $0.00 $1,960.71 $350,365.58
142 $350,365.58 $1,631.25 $0.00 $1,981.02 $353,977.85
143 $353,977.85 $1,631.25 $0.00 $2,001.44 $357,610.54
144 $357,610.54 $1,631.25 $0.00 $2,021.98 $361,263.77
145 $361,263.77 $1,631.25 $0.00 $2,042.64 $364,937.66
146 $364,937.66 $1,631.25 $0.00 $2,063.41 $368,632.32
147 $368,632.32 $1,631.25 $0.00 $2,084.30 $372,347.87
148 $372,347.87 $1,631.25 $0.00 $2,105.31 $376,084.43
149 $376,084.43 $1,631.25 $0.00 $2,126.44 $379,842.12
150 $379,842.12 $1,631.25 $0.00 $2,147.68 $383,621.05
151 $383,621.05 $1,631.25 $0.00 $2,169.05 $387,421.35
152 $387,421.35 $1,631.25 $0.00 $2,190.54 $391,243.14
153 $391,243.14 $1,631.25 $0.00 $2,212.15 $395,086.54
154 $395,086.54 $1,631.25 $0.00 $2,233.88 $398,951.67
155 $398,951.67 $1,631.25 $0.00 $2,255.73 $402,838.65
156 $402,838.65 $1,631.25 $0.00 $2,277.71 $406,747.61
157 $406,747.61 $1,631.25 $0.00 $2,299.81 $410,678.67
158 $410,678.67 $1,631.25 $0.00 $2,322.04 $414,631.96
159 $414,631.96 $1,631.25 $0.00 $2,344.39 $418,607.60
160 $418,607.60 $1,631.25 $0.00 $2,366.87 $422,605.72
161 $422,605.72 $1,631.25 $0.00 $2,389.47 $426,626.44
162 $426,626.44 $1,631.25 $0.00 $2,412.21 $430,669.90
163 $430,669.90 $1,631.25 $0.00 $2,435.07 $434,736.22
164 $434,736.22 $1,631.25 $0.00 $2,458.06 $438,825.53
165 $438,825.53 $1,631.25 $0.00 $2,481.18 $442,937.96
166 $442,937.96 $1,631.25 $0.00 $2,504.44 $447,073.65
167 $447,073.65 $1,631.25 $0.00 $2,527.82 $451,232.72
168 $451,232.72 $1,631.25 $0.00 $2,551.34 $455,415.31
169 $455,415.31 $1,631.25 $0.00 $2,574.98 $459,621.54
170 $459,621.54 $1,631.25 $0.00 $2,598.77 $463,851.56
171 $463,851.56 $1,631.25 $0.00 $2,622.68 $468,105.49
172 $468,105.49 $1,631.25 $0.00 $2,646.74 $472,383.48
173 $472,383.48 $1,631.25 $0.00 $2,670.92 $476,685.65
174 $476,685.65 $1,631.25 $0.00 $2,695.25 $481,012.15
175 $481,012.15 $1,631.25 $0.00 $2,719.71 $485,363.11
176 $485,363.11 $1,631.25 $0.00 $2,744.31 $489,738.67
177 $489,738.67 $1,631.25 $0.00 $2,769.05 $494,138.97
178 $494,138.97 $1,631.25 $0.00 $2,793.93 $498,564.15
179 $498,564.15 $1,631.25 $0.00 $2,818.95 $503,014.35
180 $503,014.35 $1,631.25 $0.00 $2,844.12 $507,489.72
181 $507,489.72 $1,631.25 $0.00 $2,869.42 $511,990.39
182 $511,990.39 $1,631.25 $0.00 $2,894.87 $516,516.51
183 $516,516.51 $1,631.25 $0.00 $2,920.46 $521,068.22
184 $521,068.22 $1,631.25 $0.00 $2,946.20 $525,645.67
185 $525,645.67 $1,631.25 $0.00 $2,972.08 $530,249.00
186 $530,249.00 $1,631.25 $0.00 $2,998.10 $534,878.35
187 $534,878.35 $1,631.25 $0.00 $3,024.28 $539,533.88
188 $539,533.88 $1,631.25 $0.00 $3,050.60 $544,215.73
189 $544,215.73 $1,631.25 $0.00 $3,077.07 $548,924.05
190 $548,924.05 $1,631.25 $0.00 $3,103.70 $553,659.00
191 $553,659.00 $1,631.25 $0.00 $3,130.47 $558,420.72
192 $558,420.72 $1,631.25 $0.00 $3,157.39 $563,209.36
193 $563,209.36 $1,631.25 $0.00 $3,184.47 $568,025.08
194 $568,025.08 $1,631.25 $0.00 $3,211.70 $572,868.03
195 $572,868.03 $1,631.25 $0.00 $3,239.08 $577,738.36
196 $577,738.36 $1,631.25 $0.00 $3,266.62 $582,636.23
197 $582,636.23 $1,631.25 $0.00 $3,294.31 $587,561.79
198 $587,561.79 $1,631.25 $0.00 $3,322.16 $592,515.20
199 $592,515.20 $1,631.25 $0.00 $3,350.17 $597,496.62
200 $597,496.62 $1,631.25 $0.00 $3,378.33 $602,506.20
201 $602,506.20 $1,631.25 $0.00 $3,406.66 $607,544.11
202 $607,544.11 $1,631.25 $0.00 $3,435.14 $612,610.50
203 $612,610.50 $1,631.25 $0.00 $3,463.79 $617,705.54
204 $617,705.54 $1,631.25 $0.00 $3,492.60 $622,829.39
205 $622,829.39 $1,631.25 $0.00 $3,521.57 $627,982.21
206 $627,982.21 $1,631.25 $0.00 $3,550.70 $633,164.16
207 $633,164.16 $1,631.25 $0.00 $3,580.00 $638,375.41
208 $638,375.41 $1,631.25 $0.00 $3,609.47 $643,616.13
209 $643,616.13 $1,631.25 $0.00 $3,639.10 $648,886.48
210 $648,886.48 $1,631.25 $0.00 $3,668.90 $654,186.63
211 $654,186.63 $1,631.25 $0.00 $3,698.87 $659,516.75
212 $659,516.75 $1,631.25 $0.00 $3,729.00 $664,877.00
213 $664,877.00 $1,631.25 $0.00 $3,759.31 $670,267.56
214 $670,267.56 $1,631.25 $0.00 $3,789.79 $675,688.60
215 $675,688.60 $1,631.25 $0.00 $3,820.44 $681,140.29
216 $681,140.29 $1,631.25 $0.00 $3,851.27 $686,622.81
217 $686,622.81 $1,631.25 $185,950.35 $3,882.27 $506,185.98
218 $506,185.98 $1,631.25 $0.00 $2,862.05 $510,679.28
219 $510,679.28 $1,631.25 $0.00 $2,887.45 $515,197.98
220 $515,197.98 $1,631.25 $0.00 $2,913.00 $519,742.23
221 $519,742.23 $1,631.25 $0.00 $2,938.70 $524,312.18
222 $524,312.18 $1,631.25 $0.00 $2,964.54 $528,907.97
223 $528,907.97 $1,631.25 $0.00 $2,990.52 $533,529.74
224 $533,529.74 $1,631.25 $0.00 $3,016.65 $538,177.64
225 $538,177.64 $1,631.25 $0.00 $3,042.93 $542,851.82
226 $542,851.82 $1,631.25 $0.00 $3,069.36 $547,552.43
227 $547,552.43 $1,631.25 $0.00 $3,095.94 $552,279.62
228 $552,279.62 $1,631.25 $0.00 $3,122.67 $557,033.54
229 $557,033.54 $1,631.25 $198,966.88 $3,149.55 $362,847.46
230 $362,847.46 $1,631.25 $0.00 $2,051.59 $366,530.30
231 $366,530.30 $1,631.25 $0.00 $2,072.42 $370,233.97
232 $370,233.97 $1,631.25 $0.00 $2,093.36 $373,958.58
233 $373,958.58 $1,631.25 $0.00 $2,114.42 $377,704.25
234 $377,704.25 $1,631.25 $0.00 $2,135.59 $381,471.09
235 $381,471.09 $1,631.25 $0.00 $2,156.89 $385,259.23
236 $385,259.23 $1,631.25 $0.00 $2,178.31 $389,068.79
237 $389,068.79 $1,631.25 $0.00 $2,199.85 $392,899.89
238 $392,899.89 $1,631.25 $0.00 $2,221.51 $396,752.65
239 $396,752.65 $1,631.25 $0.00 $2,243.30 $400,627.20
240 $400,627.20 $1,631.25 $0.00 $2,265.20 $404,523.65
241 $404,523.65 $1,631.25 $212,894.56 $2,287.24 $195,547.58
242 $195,547.58 $1,631.25 $0.00 $1,105.65 $198,284.48
243 $198,284.48 $1,631.25 $0.00 $1,121.13 $201,036.86
244 $201,036.86 $1,631.25 $0.00 $1,136.69 $203,804.80
245 $203,804.80 $1,631.25 $0.00 $1,152.34 $206,588.39
246 $206,588.39 $1,631.25 $0.00 $1,168.08 $209,387.72
247 $209,387.72 $1,631.25 $0.00 $1,183.91 $212,202.88
248 $212,202.88 $1,631.25 $0.00 $1,199.83 $215,033.96
249 $215,033.96 $1,631.25 $0.00 $1,215.83 $217,881.04
250 $217,881.04 $1,631.25 $0.00 $1,231.93 $220,744.22
251 $220,744.22 $1,631.25 $0.00 $1,248.12 $223,623.59
252 $223,623.59 $1,631.25 $0.00 $1,264.40 $226,519.24
253 $226,519.24 $0.00 $227,797.18 $1,280.77 $2.83