Savings Plan and Future Cost Estimation for Ohio Wesleyan University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$249,888
Monthly savings required$1,975

How much will it cost to send your child to Ohio Wesleyan University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $999,551.71 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,974.92 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$66,607.00
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 Ohio Wesleyan University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,974.92 $0.00 $0.00 $1,974.92
2 $1,974.92 $1,974.92 $0.00 $11.17 $3,961.01
3 $3,961.01 $1,974.92 $0.00 $22.40 $5,958.33
4 $5,958.33 $1,974.92 $0.00 $33.69 $7,966.94
5 $7,966.94 $1,974.92 $0.00 $45.05 $9,986.91
6 $9,986.91 $1,974.92 $0.00 $56.47 $12,018.30
7 $12,018.30 $1,974.92 $0.00 $67.95 $14,061.17
8 $14,061.17 $1,974.92 $0.00 $79.50 $16,115.59
9 $16,115.59 $1,974.92 $0.00 $91.12 $18,181.63
10 $18,181.63 $1,974.92 $0.00 $102.80 $20,259.35
11 $20,259.35 $1,974.92 $0.00 $114.55 $22,348.82
12 $22,348.82 $1,974.92 $0.00 $126.36 $24,450.10
13 $24,450.10 $1,974.92 $0.00 $138.24 $26,563.26
14 $26,563.26 $1,974.92 $0.00 $150.19 $28,688.37
15 $28,688.37 $1,974.92 $0.00 $162.21 $30,825.50
16 $30,825.50 $1,974.92 $0.00 $174.29 $32,974.71
17 $32,974.71 $1,974.92 $0.00 $186.44 $35,136.07
18 $35,136.07 $1,974.92 $0.00 $198.66 $37,309.65
19 $37,309.65 $1,974.92 $0.00 $210.95 $39,495.52
20 $39,495.52 $1,974.92 $0.00 $223.31 $41,693.75
21 $41,693.75 $1,974.92 $0.00 $235.74 $43,904.41
22 $43,904.41 $1,974.92 $0.00 $248.24 $46,127.57
23 $46,127.57 $1,974.92 $0.00 $260.81 $48,363.30
24 $48,363.30 $1,974.92 $0.00 $273.45 $50,611.67
25 $50,611.67 $1,974.92 $0.00 $286.17 $52,872.76
26 $52,872.76 $1,974.92 $0.00 $298.95 $55,146.63
27 $55,146.63 $1,974.92 $0.00 $311.81 $57,433.36
28 $57,433.36 $1,974.92 $0.00 $324.74 $59,733.02
29 $59,733.02 $1,974.92 $0.00 $337.74 $62,045.68
30 $62,045.68 $1,974.92 $0.00 $350.82 $64,371.42
31 $64,371.42 $1,974.92 $0.00 $363.97 $66,710.31
32 $66,710.31 $1,974.92 $0.00 $377.19 $69,062.42
33 $69,062.42 $1,974.92 $0.00 $390.49 $71,427.83
34 $71,427.83 $1,974.92 $0.00 $403.86 $73,806.61
35 $73,806.61 $1,974.92 $0.00 $417.31 $76,198.84
36 $76,198.84 $1,974.92 $0.00 $430.84 $78,604.60
37 $78,604.60 $1,974.92 $0.00 $444.44 $81,023.96
38 $81,023.96 $1,974.92 $0.00 $458.12 $83,457.00
39 $83,457.00 $1,974.92 $0.00 $471.88 $85,903.80
40 $85,903.80 $1,974.92 $0.00 $485.71 $88,364.43
41 $88,364.43 $1,974.92 $0.00 $499.63 $90,838.98
42 $90,838.98 $1,974.92 $0.00 $513.62 $93,327.52
43 $93,327.52 $1,974.92 $0.00 $527.69 $95,830.13
44 $95,830.13 $1,974.92 $0.00 $541.84 $98,346.89
45 $98,346.89 $1,974.92 $0.00 $556.07 $100,877.88
46 $100,877.88 $1,974.92 $0.00 $570.38 $103,423.18
47 $103,423.18 $1,974.92 $0.00 $584.77 $105,982.87
48 $105,982.87 $1,974.92 $0.00 $599.24 $108,557.03
49 $108,557.03 $1,974.92 $0.00 $613.80 $111,145.75
50 $111,145.75 $1,974.92 $0.00 $628.43 $113,749.10
51 $113,749.10 $1,974.92 $0.00 $643.15 $116,367.17
52 $116,367.17 $1,974.92 $0.00 $657.96 $119,000.05
53 $119,000.05 $1,974.92 $0.00 $672.84 $121,647.81
54 $121,647.81 $1,974.92 $0.00 $687.81 $124,310.54
55 $124,310.54 $1,974.92 $0.00 $702.87 $126,988.33
56 $126,988.33 $1,974.92 $0.00 $718.01 $129,681.26
57 $129,681.26 $1,974.92 $0.00 $733.24 $132,389.42
58 $132,389.42 $1,974.92 $0.00 $748.55 $135,112.89
59 $135,112.89 $1,974.92 $0.00 $763.95 $137,851.76
60 $137,851.76 $1,974.92 $0.00 $779.43 $140,606.11
61 $140,606.11 $1,974.92 $0.00 $795.01 $143,376.04
62 $143,376.04 $1,974.92 $0.00 $810.67 $146,161.63
63 $146,161.63 $1,974.92 $0.00 $826.42 $148,962.97
64 $148,962.97 $1,974.92 $0.00 $842.26 $151,780.15
65 $151,780.15 $1,974.92 $0.00 $858.19 $154,613.26
66 $154,613.26 $1,974.92 $0.00 $874.21 $157,462.39
67 $157,462.39 $1,974.92 $0.00 $890.32 $160,327.63
68 $160,327.63 $1,974.92 $0.00 $906.52 $163,209.07
69 $163,209.07 $1,974.92 $0.00 $922.81 $166,106.80
70 $166,106.80 $1,974.92 $0.00 $939.19 $169,020.91
71 $169,020.91 $1,974.92 $0.00 $955.67 $171,951.50
72 $171,951.50 $1,974.92 $0.00 $972.24 $174,898.66
73 $174,898.66 $1,974.92 $0.00 $988.90 $177,862.48
74 $177,862.48 $1,974.92 $0.00 $1,005.66 $180,843.06
75 $180,843.06 $1,974.92 $0.00 $1,022.51 $183,840.49
76 $183,840.49 $1,974.92 $0.00 $1,039.46 $186,854.87
77 $186,854.87 $1,974.92 $0.00 $1,056.50 $189,886.29
78 $189,886.29 $1,974.92 $0.00 $1,073.64 $192,934.85
79 $192,934.85 $1,974.92 $0.00 $1,090.88 $196,000.65
80 $196,000.65 $1,974.92 $0.00 $1,108.22 $199,083.79
81 $199,083.79 $1,974.92 $0.00 $1,125.65 $202,184.36
82 $202,184.36 $1,974.92 $0.00 $1,143.18 $205,302.46
83 $205,302.46 $1,974.92 $0.00 $1,160.81 $208,438.19
84 $208,438.19 $1,974.92 $0.00 $1,178.54 $211,591.65
85 $211,591.65 $1,974.92 $0.00 $1,196.37 $214,762.94
86 $214,762.94 $1,974.92 $0.00 $1,214.30 $217,952.16
87 $217,952.16 $1,974.92 $0.00 $1,232.33 $221,159.41
88 $221,159.41 $1,974.92 $0.00 $1,250.47 $224,384.80
89 $224,384.80 $1,974.92 $0.00 $1,268.70 $227,628.42
90 $227,628.42 $1,974.92 $0.00 $1,287.04 $230,890.38
91 $230,890.38 $1,974.92 $0.00 $1,305.49 $234,170.79
92 $234,170.79 $1,974.92 $0.00 $1,324.04 $237,469.75
93 $237,469.75 $1,974.92 $0.00 $1,342.69 $240,787.36
94 $240,787.36 $1,974.92 $0.00 $1,361.45 $244,123.73
95 $244,123.73 $1,974.92 $0.00 $1,380.31 $247,478.96
96 $247,478.96 $1,974.92 $0.00 $1,399.28 $250,853.16
97 $250,853.16 $1,974.92 $0.00 $1,418.36 $254,246.44
98 $254,246.44 $1,974.92 $0.00 $1,437.55 $257,658.91
99 $257,658.91 $1,974.92 $0.00 $1,456.84 $261,090.67
100 $261,090.67 $1,974.92 $0.00 $1,476.24 $264,541.83
101 $264,541.83 $1,974.92 $0.00 $1,495.76 $268,012.51
102 $268,012.51 $1,974.92 $0.00 $1,515.38 $271,502.81
103 $271,502.81 $1,974.92 $0.00 $1,535.12 $275,012.85
104 $275,012.85 $1,974.92 $0.00 $1,554.96 $278,542.73
105 $278,542.73 $1,974.92 $0.00 $1,574.92 $282,092.57
106 $282,092.57 $1,974.92 $0.00 $1,594.99 $285,662.48
107 $285,662.48 $1,974.92 $0.00 $1,615.18 $289,252.58
108 $289,252.58 $1,974.92 $0.00 $1,635.48 $292,862.98
109 $292,862.98 $1,974.92 $0.00 $1,655.89 $296,493.79
110 $296,493.79 $1,974.92 $0.00 $1,676.42 $300,145.13
111 $300,145.13 $1,974.92 $0.00 $1,697.06 $303,817.11
112 $303,817.11 $1,974.92 $0.00 $1,717.83 $307,509.86
113 $307,509.86 $1,974.92 $0.00 $1,738.71 $311,223.49
114 $311,223.49 $1,974.92 $0.00 $1,759.70 $314,958.11
115 $314,958.11 $1,974.92 $0.00 $1,780.82 $318,713.85
116 $318,713.85 $1,974.92 $0.00 $1,802.05 $322,490.82
117 $322,490.82 $1,974.92 $0.00 $1,823.41 $326,289.15
118 $326,289.15 $1,974.92 $0.00 $1,844.89 $330,108.96
119 $330,108.96 $1,974.92 $0.00 $1,866.48 $333,950.36
120 $333,950.36 $1,974.92 $0.00 $1,888.20 $337,813.48
121 $337,813.48 $1,974.92 $0.00 $1,910.05 $341,698.45
122 $341,698.45 $1,974.92 $0.00 $1,932.01 $345,605.38
123 $345,605.38 $1,974.92 $0.00 $1,954.10 $349,534.40
124 $349,534.40 $1,974.92 $0.00 $1,976.32 $353,485.64
125 $353,485.64 $1,974.92 $0.00 $1,998.66 $357,459.22
126 $357,459.22 $1,974.92 $0.00 $2,021.13 $361,455.27
127 $361,455.27 $1,974.92 $0.00 $2,043.72 $365,473.91
128 $365,473.91 $1,974.92 $0.00 $2,066.44 $369,515.27
129 $369,515.27 $1,974.92 $0.00 $2,089.29 $373,579.48
130 $373,579.48 $1,974.92 $0.00 $2,112.27 $377,666.67
131 $377,666.67 $1,974.92 $0.00 $2,135.38 $381,776.97
132 $381,776.97 $1,974.92 $0.00 $2,158.62 $385,910.51
133 $385,910.51 $1,974.92 $0.00 $2,181.99 $390,067.42
134 $390,067.42 $1,974.92 $0.00 $2,205.50 $394,247.84
135 $394,247.84 $1,974.92 $0.00 $2,229.13 $398,451.89
136 $398,451.89 $1,974.92 $0.00 $2,252.90 $402,679.71
137 $402,679.71 $1,974.92 $0.00 $2,276.81 $406,931.44
138 $406,931.44 $1,974.92 $0.00 $2,300.85 $411,207.21
139 $411,207.21 $1,974.92 $0.00 $2,325.03 $415,507.16
140 $415,507.16 $1,974.92 $0.00 $2,349.34 $419,831.42
141 $419,831.42 $1,974.92 $0.00 $2,373.79 $424,180.13
142 $424,180.13 $1,974.92 $0.00 $2,398.38 $428,553.43
143 $428,553.43 $1,974.92 $0.00 $2,423.10 $432,951.45
144 $432,951.45 $1,974.92 $0.00 $2,447.97 $437,374.34
145 $437,374.34 $1,974.92 $0.00 $2,472.98 $441,822.24
146 $441,822.24 $1,974.92 $0.00 $2,498.13 $446,295.29
147 $446,295.29 $1,974.92 $0.00 $2,523.42 $450,793.63
148 $450,793.63 $1,974.92 $0.00 $2,548.85 $455,317.40
149 $455,317.40 $1,974.92 $0.00 $2,574.43 $459,866.75
150 $459,866.75 $1,974.92 $0.00 $2,600.15 $464,441.82
151 $464,441.82 $1,974.92 $0.00 $2,626.02 $469,042.76
152 $469,042.76 $1,974.92 $0.00 $2,652.04 $473,669.72
153 $473,669.72 $1,974.92 $0.00 $2,678.20 $478,322.84
154 $478,322.84 $1,974.92 $0.00 $2,704.51 $483,002.27
155 $483,002.27 $1,974.92 $0.00 $2,730.97 $487,708.16
156 $487,708.16 $1,974.92 $0.00 $2,757.57 $492,440.65
157 $492,440.65 $1,974.92 $0.00 $2,784.33 $497,199.90
158 $497,199.90 $1,974.92 $0.00 $2,811.24 $501,986.06
159 $501,986.06 $1,974.92 $0.00 $2,838.30 $506,799.28
160 $506,799.28 $1,974.92 $0.00 $2,865.52 $511,639.72
161 $511,639.72 $1,974.92 $0.00 $2,892.89 $516,507.53
162 $516,507.53 $1,974.92 $0.00 $2,920.41 $521,402.86
163 $521,402.86 $1,974.92 $0.00 $2,948.09 $526,325.87
164 $526,325.87 $1,974.92 $0.00 $2,975.92 $531,276.71
165 $531,276.71 $1,974.92 $0.00 $3,003.92 $536,255.55
166 $536,255.55 $1,974.92 $0.00 $3,032.07 $541,262.54
167 $541,262.54 $1,974.92 $0.00 $3,060.38 $546,297.84
168 $546,297.84 $1,974.92 $0.00 $3,088.85 $551,361.61
169 $551,361.61 $1,974.92 $0.00 $3,117.48 $556,454.01
170 $556,454.01 $1,974.92 $0.00 $3,146.27 $561,575.20
171 $561,575.20 $1,974.92 $0.00 $3,175.23 $566,725.35
172 $566,725.35 $1,974.92 $0.00 $3,204.35 $571,904.62
173 $571,904.62 $1,974.92 $0.00 $3,233.63 $577,113.17
174 $577,113.17 $1,974.92 $0.00 $3,263.08 $582,351.17
175 $582,351.17 $1,974.92 $0.00 $3,292.70 $587,618.79
176 $587,618.79 $1,974.92 $0.00 $3,322.48 $592,916.19
177 $592,916.19 $1,974.92 $0.00 $3,352.43 $598,243.54
178 $598,243.54 $1,974.92 $0.00 $3,382.56 $603,601.02
179 $603,601.02 $1,974.92 $0.00 $3,412.85 $608,988.79
180 $608,988.79 $1,974.92 $0.00 $3,443.31 $614,407.02
181 $614,407.02 $1,974.92 $0.00 $3,473.95 $619,855.89
182 $619,855.89 $1,974.92 $0.00 $3,504.76 $625,335.57
183 $625,335.57 $1,974.92 $0.00 $3,535.74 $630,846.23
184 $630,846.23 $1,974.92 $0.00 $3,566.90 $636,388.05
185 $636,388.05 $1,974.92 $0.00 $3,598.23 $641,961.20
186 $641,961.20 $1,974.92 $0.00 $3,629.74 $647,565.86
187 $647,565.86 $1,974.92 $0.00 $3,661.43 $653,202.21
188 $653,202.21 $1,974.92 $0.00 $3,693.30 $658,870.43
189 $658,870.43 $1,974.92 $0.00 $3,725.35 $664,570.70
190 $664,570.70 $1,974.92 $0.00 $3,757.58 $670,303.20
191 $670,303.20 $1,974.92 $0.00 $3,789.99 $676,068.11
192 $676,068.11 $1,974.92 $0.00 $3,822.59 $681,865.62
193 $681,865.62 $1,974.92 $0.00 $3,855.37 $687,695.91
194 $687,695.91 $1,974.92 $0.00 $3,888.33 $693,559.16
195 $693,559.16 $1,974.92 $0.00 $3,921.48 $699,455.56
196 $699,455.56 $1,974.92 $0.00 $3,954.82 $705,385.30
197 $705,385.30 $1,974.92 $0.00 $3,988.35 $711,348.57
198 $711,348.57 $1,974.92 $0.00 $4,022.07 $717,345.56
199 $717,345.56 $1,974.92 $0.00 $4,055.98 $723,376.46
200 $723,376.46 $1,974.92 $0.00 $4,090.08 $729,441.46
201 $729,441.46 $1,974.92 $0.00 $4,124.37 $735,540.75
202 $735,540.75 $1,974.92 $0.00 $4,158.85 $741,674.52
203 $741,674.52 $1,974.92 $0.00 $4,193.54 $747,842.98
204 $747,842.98 $1,974.92 $0.00 $4,228.41 $754,046.31
205 $754,046.31 $1,974.92 $0.00 $4,263.49 $760,284.72
206 $760,284.72 $1,974.92 $0.00 $4,298.76 $766,558.40
207 $766,558.40 $1,974.92 $0.00 $4,334.23 $772,867.55
208 $772,867.55 $1,974.92 $0.00 $4,369.91 $779,212.38
209 $779,212.38 $1,974.92 $0.00 $4,405.78 $785,593.08
210 $785,593.08 $1,974.92 $0.00 $4,441.86 $792,009.86
211 $792,009.86 $1,974.92 $0.00 $4,478.14 $798,462.92
212 $798,462.92 $1,974.92 $0.00 $4,514.63 $804,952.47
213 $804,952.47 $1,974.92 $0.00 $4,551.32 $811,478.71
214 $811,478.71 $1,974.92 $0.00 $4,588.22 $818,041.85
215 $818,041.85 $1,974.92 $0.00 $4,625.33 $824,642.10
216 $824,642.10 $1,974.92 $0.00 $4,662.65 $831,279.67
217 $831,279.67 $1,974.92 $225,127.15 $4,700.18 $612,827.62
218 $612,827.62 $1,974.92 $0.00 $3,465.02 $618,267.56
219 $618,267.56 $1,974.92 $0.00 $3,495.77 $623,738.25
220 $623,738.25 $1,974.92 $0.00 $3,526.71 $629,239.88
221 $629,239.88 $1,974.92 $0.00 $3,557.81 $634,772.61
222 $634,772.61 $1,974.92 $0.00 $3,589.10 $640,336.63
223 $640,336.63 $1,974.92 $0.00 $3,620.56 $645,932.11
224 $645,932.11 $1,974.92 $0.00 $3,652.19 $651,559.22
225 $651,559.22 $1,974.92 $0.00 $3,684.01 $657,218.15
226 $657,218.15 $1,974.92 $0.00 $3,716.01 $662,909.08
227 $662,909.08 $1,974.92 $0.00 $3,748.18 $668,632.18
228 $668,632.18 $1,974.92 $0.00 $3,780.54 $674,387.64
229 $674,387.64 $1,974.92 $240,886.05 $3,813.09 $439,289.60
230 $439,289.60 $1,974.92 $0.00 $2,483.81 $443,748.33
231 $443,748.33 $1,974.92 $0.00 $2,509.02 $448,232.27
232 $448,232.27 $1,974.92 $0.00 $2,534.37 $452,741.56
233 $452,741.56 $1,974.92 $0.00 $2,559.87 $457,276.35
234 $457,276.35 $1,974.92 $0.00 $2,585.51 $461,836.78
235 $461,836.78 $1,974.92 $0.00 $2,611.29 $466,422.99
236 $466,422.99 $1,974.92 $0.00 $2,637.22 $471,035.13
237 $471,035.13 $1,974.92 $0.00 $2,663.30 $475,673.35
238 $475,673.35 $1,974.92 $0.00 $2,689.53 $480,337.80
239 $480,337.80 $1,974.92 $0.00 $2,715.90 $485,028.62
240 $485,028.62 $1,974.92 $0.00 $2,742.42 $489,745.96
241 $489,745.96 $1,974.92 $257,748.07 $2,769.09 $236,741.90
242 $236,741.90 $1,974.92 $0.00 $1,338.57 $240,055.39
243 $240,055.39 $1,974.92 $0.00 $1,357.31 $243,387.62
244 $243,387.62 $1,974.92 $0.00 $1,376.15 $246,738.69
245 $246,738.69 $1,974.92 $0.00 $1,395.10 $250,108.71
246 $250,108.71 $1,974.92 $0.00 $1,414.15 $253,497.78
247 $253,497.78 $1,974.92 $0.00 $1,433.31 $256,906.01
248 $256,906.01 $1,974.92 $0.00 $1,452.58 $260,333.51
249 $260,333.51 $1,974.92 $0.00 $1,471.96 $263,780.39
250 $263,780.39 $1,974.92 $0.00 $1,491.45 $267,246.76
251 $267,246.76 $1,974.92 $0.00 $1,511.05 $270,732.73
252 $270,732.73 $1,974.92 $0.00 $1,530.76 $274,238.41
253 $274,238.41 $0.00 $275,790.44 $1,550.58 -$1.45