Savings Plan and Future Cost Estimation for Baptist Memorial College of Health Sciences

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$89,237
Monthly savings required$705

How much will it cost to send your child to Baptist Memorial College of Health Sciences in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $356,949.52 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $705.27 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$23,786.00
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 $705.27 $0.00 $0.00 $705.27
2 $705.27 $705.27 $0.00 $3.99 $1,414.53
3 $1,414.53 $705.27 $0.00 $8.00 $2,127.80
4 $2,127.80 $705.27 $0.00 $12.03 $2,845.10
5 $2,845.10 $705.27 $0.00 $16.09 $3,566.46
6 $3,566.46 $705.27 $0.00 $20.17 $4,291.90
7 $4,291.90 $705.27 $0.00 $24.27 $5,021.44
8 $5,021.44 $705.27 $0.00 $28.39 $5,755.10
9 $5,755.10 $705.27 $0.00 $32.54 $6,492.91
10 $6,492.91 $705.27 $0.00 $36.71 $7,234.89
11 $7,234.89 $705.27 $0.00 $40.91 $7,981.07
12 $7,981.07 $705.27 $0.00 $45.13 $8,731.47
13 $8,731.47 $705.27 $0.00 $49.37 $9,486.11
14 $9,486.11 $705.27 $0.00 $53.64 $10,245.02
15 $10,245.02 $705.27 $0.00 $57.93 $11,008.22
16 $11,008.22 $705.27 $0.00 $62.24 $11,775.73
17 $11,775.73 $705.27 $0.00 $66.58 $12,547.58
18 $12,547.58 $705.27 $0.00 $70.95 $13,323.80
19 $13,323.80 $705.27 $0.00 $75.33 $14,104.40
20 $14,104.40 $705.27 $0.00 $79.75 $14,889.42
21 $14,889.42 $705.27 $0.00 $84.19 $15,678.88
22 $15,678.88 $705.27 $0.00 $88.65 $16,472.80
23 $16,472.80 $705.27 $0.00 $93.14 $17,271.21
24 $17,271.21 $705.27 $0.00 $97.65 $18,074.13
25 $18,074.13 $705.27 $0.00 $102.19 $18,881.59
26 $18,881.59 $705.27 $0.00 $106.76 $19,693.62
27 $19,693.62 $705.27 $0.00 $111.35 $20,510.24
28 $20,510.24 $705.27 $0.00 $115.97 $21,331.48
29 $21,331.48 $705.27 $0.00 $120.61 $22,157.36
30 $22,157.36 $705.27 $0.00 $125.28 $22,987.91
31 $22,987.91 $705.27 $0.00 $129.98 $23,823.16
32 $23,823.16 $705.27 $0.00 $134.70 $24,663.13
33 $24,663.13 $705.27 $0.00 $139.45 $25,507.85
34 $25,507.85 $705.27 $0.00 $144.23 $26,357.35
35 $26,357.35 $705.27 $0.00 $149.03 $27,211.65
36 $27,211.65 $705.27 $0.00 $153.86 $28,070.78
37 $28,070.78 $705.27 $0.00 $158.72 $28,934.77
38 $28,934.77 $705.27 $0.00 $163.60 $29,803.64
39 $29,803.64 $705.27 $0.00 $168.51 $30,677.42
40 $30,677.42 $705.27 $0.00 $173.45 $31,556.14
41 $31,556.14 $705.27 $0.00 $178.42 $32,439.83
42 $32,439.83 $705.27 $0.00 $183.42 $33,328.52
43 $33,328.52 $705.27 $0.00 $188.44 $34,222.23
44 $34,222.23 $705.27 $0.00 $193.50 $35,121.00
45 $35,121.00 $705.27 $0.00 $198.58 $36,024.85
46 $36,024.85 $705.27 $0.00 $203.69 $36,933.81
47 $36,933.81 $705.27 $0.00 $208.83 $37,847.91
48 $37,847.91 $705.27 $0.00 $214.00 $38,767.18
49 $38,767.18 $705.27 $0.00 $219.20 $39,691.65
50 $39,691.65 $705.27 $0.00 $224.42 $40,621.34
51 $40,621.34 $705.27 $0.00 $229.68 $41,556.29
52 $41,556.29 $705.27 $0.00 $234.97 $42,496.53
53 $42,496.53 $705.27 $0.00 $240.28 $43,442.08
54 $43,442.08 $705.27 $0.00 $245.63 $44,392.98
55 $44,392.98 $705.27 $0.00 $251.00 $45,349.25
56 $45,349.25 $705.27 $0.00 $256.41 $46,310.93
57 $46,310.93 $705.27 $0.00 $261.85 $47,278.05
58 $47,278.05 $705.27 $0.00 $267.32 $48,250.64
59 $48,250.64 $705.27 $0.00 $272.82 $49,228.73
60 $49,228.73 $705.27 $0.00 $278.35 $50,212.35
61 $50,212.35 $705.27 $0.00 $283.91 $51,201.53
62 $51,201.53 $705.27 $0.00 $289.50 $52,196.30
63 $52,196.30 $705.27 $0.00 $295.13 $53,196.70
64 $53,196.70 $705.27 $0.00 $300.78 $54,202.75
65 $54,202.75 $705.27 $0.00 $306.47 $55,214.49
66 $55,214.49 $705.27 $0.00 $312.19 $56,231.95
67 $56,231.95 $705.27 $0.00 $317.94 $57,255.16
68 $57,255.16 $705.27 $0.00 $323.73 $58,284.16
69 $58,284.16 $705.27 $0.00 $329.55 $59,318.98
70 $59,318.98 $705.27 $0.00 $335.40 $60,359.65
71 $60,359.65 $705.27 $0.00 $341.28 $61,406.20
72 $61,406.20 $705.27 $0.00 $347.20 $62,458.67
73 $62,458.67 $705.27 $0.00 $353.15 $63,517.09
74 $63,517.09 $705.27 $0.00 $359.13 $64,581.49
75 $64,581.49 $705.27 $0.00 $365.15 $65,651.91
76 $65,651.91 $705.27 $0.00 $371.21 $66,728.39
77 $66,728.39 $705.27 $0.00 $377.29 $67,810.95
78 $67,810.95 $705.27 $0.00 $383.41 $68,899.63
79 $68,899.63 $705.27 $0.00 $389.57 $69,994.47
80 $69,994.47 $705.27 $0.00 $395.76 $71,095.50
81 $71,095.50 $705.27 $0.00 $401.98 $72,202.75
82 $72,202.75 $705.27 $0.00 $408.24 $73,316.26
83 $73,316.26 $705.27 $0.00 $414.54 $74,436.07
84 $74,436.07 $705.27 $0.00 $420.87 $75,562.21
85 $75,562.21 $705.27 $0.00 $427.24 $76,694.72
86 $76,694.72 $705.27 $0.00 $433.64 $77,833.63
87 $77,833.63 $705.27 $0.00 $440.08 $78,978.98
88 $78,978.98 $705.27 $0.00 $446.56 $80,130.81
89 $80,130.81 $705.27 $0.00 $453.07 $81,289.15
90 $81,289.15 $705.27 $0.00 $459.62 $82,454.04
91 $82,454.04 $705.27 $0.00 $466.21 $83,625.52
92 $83,625.52 $705.27 $0.00 $472.83 $84,803.62
93 $84,803.62 $705.27 $0.00 $479.49 $85,988.38
94 $85,988.38 $705.27 $0.00 $486.19 $87,179.84
95 $87,179.84 $705.27 $0.00 $492.93 $88,378.04
96 $88,378.04 $705.27 $0.00 $499.70 $89,583.01
97 $89,583.01 $705.27 $0.00 $506.52 $90,794.80
98 $90,794.80 $705.27 $0.00 $513.37 $92,013.44
99 $92,013.44 $705.27 $0.00 $520.26 $93,238.97
100 $93,238.97 $705.27 $0.00 $527.19 $94,471.43
101 $94,471.43 $705.27 $0.00 $534.16 $95,710.86
102 $95,710.86 $705.27 $0.00 $541.16 $96,957.29
103 $96,957.29 $705.27 $0.00 $548.21 $98,210.77
104 $98,210.77 $705.27 $0.00 $555.30 $99,471.34
105 $99,471.34 $705.27 $0.00 $562.43 $100,739.04
106 $100,739.04 $705.27 $0.00 $569.59 $102,013.90
107 $102,013.90 $705.27 $0.00 $576.80 $103,295.97
108 $103,295.97 $705.27 $0.00 $584.05 $104,585.29
109 $104,585.29 $705.27 $0.00 $591.34 $105,881.90
110 $105,881.90 $705.27 $0.00 $598.67 $107,185.84
111 $107,185.84 $705.27 $0.00 $606.04 $108,497.15
112 $108,497.15 $705.27 $0.00 $613.46 $109,815.88
113 $109,815.88 $705.27 $0.00 $620.91 $111,142.06
114 $111,142.06 $705.27 $0.00 $628.41 $112,475.74
115 $112,475.74 $705.27 $0.00 $635.95 $113,816.96
116 $113,816.96 $705.27 $0.00 $643.54 $115,165.77
117 $115,165.77 $705.27 $0.00 $651.16 $116,522.20
118 $116,522.20 $705.27 $0.00 $658.83 $117,886.30
119 $117,886.30 $705.27 $0.00 $666.55 $119,258.12
120 $119,258.12 $705.27 $0.00 $674.30 $120,637.69
121 $120,637.69 $705.27 $0.00 $682.10 $122,025.06
122 $122,025.06 $705.27 $0.00 $689.95 $123,420.28
123 $123,420.28 $705.27 $0.00 $697.84 $124,823.39
124 $124,823.39 $705.27 $0.00 $705.77 $126,234.43
125 $126,234.43 $705.27 $0.00 $713.75 $127,653.45
126 $127,653.45 $705.27 $0.00 $721.77 $129,080.49
127 $129,080.49 $705.27 $0.00 $729.84 $130,515.60
128 $130,515.60 $705.27 $0.00 $737.95 $131,958.82
129 $131,958.82 $705.27 $0.00 $746.11 $133,410.20
130 $133,410.20 $705.27 $0.00 $754.32 $134,869.79
131 $134,869.79 $705.27 $0.00 $762.57 $136,337.63
132 $136,337.63 $705.27 $0.00 $770.87 $137,813.77
133 $137,813.77 $705.27 $0.00 $779.22 $139,298.26
134 $139,298.26 $705.27 $0.00 $787.61 $140,791.14
135 $140,791.14 $705.27 $0.00 $796.05 $142,292.46
136 $142,292.46 $705.27 $0.00 $804.54 $143,802.27
137 $143,802.27 $705.27 $0.00 $813.08 $145,320.62
138 $145,320.62 $705.27 $0.00 $821.66 $146,847.55
139 $146,847.55 $705.27 $0.00 $830.30 $148,383.12
140 $148,383.12 $705.27 $0.00 $838.98 $149,927.37
141 $149,927.37 $705.27 $0.00 $847.71 $151,480.35
142 $151,480.35 $705.27 $0.00 $856.49 $153,042.11
143 $153,042.11 $705.27 $0.00 $865.32 $154,612.70
144 $154,612.70 $705.27 $0.00 $874.20 $156,192.17
145 $156,192.17 $705.27 $0.00 $883.13 $157,780.57
146 $157,780.57 $705.27 $0.00 $892.11 $159,377.95
147 $159,377.95 $705.27 $0.00 $901.15 $160,984.37
148 $160,984.37 $705.27 $0.00 $910.23 $162,599.87
149 $162,599.87 $705.27 $0.00 $919.36 $164,224.50
150 $164,224.50 $705.27 $0.00 $928.55 $165,858.32
151 $165,858.32 $705.27 $0.00 $937.79 $167,501.38
152 $167,501.38 $705.27 $0.00 $947.08 $169,153.73
153 $169,153.73 $705.27 $0.00 $956.42 $170,815.42
154 $170,815.42 $705.27 $0.00 $965.82 $172,486.51
155 $172,486.51 $705.27 $0.00 $975.26 $174,167.04
156 $174,167.04 $705.27 $0.00 $984.77 $175,857.08
157 $175,857.08 $705.27 $0.00 $994.32 $177,556.67
158 $177,556.67 $705.27 $0.00 $1,003.93 $179,265.87
159 $179,265.87 $705.27 $0.00 $1,013.60 $180,984.74
160 $180,984.74 $705.27 $0.00 $1,023.31 $182,713.32
161 $182,713.32 $705.27 $0.00 $1,033.09 $184,451.68
162 $184,451.68 $705.27 $0.00 $1,042.92 $186,199.87
163 $186,199.87 $705.27 $0.00 $1,052.80 $187,957.94
164 $187,957.94 $705.27 $0.00 $1,062.74 $189,725.95
165 $189,725.95 $705.27 $0.00 $1,072.74 $191,503.96
166 $191,503.96 $705.27 $0.00 $1,082.79 $193,292.02
167 $193,292.02 $705.27 $0.00 $1,092.90 $195,090.19
168 $195,090.19 $705.27 $0.00 $1,103.07 $196,898.53
169 $196,898.53 $705.27 $0.00 $1,113.29 $198,717.09
170 $198,717.09 $705.27 $0.00 $1,123.58 $200,545.94
171 $200,545.94 $705.27 $0.00 $1,133.92 $202,385.13
172 $202,385.13 $705.27 $0.00 $1,144.31 $204,234.71
173 $204,234.71 $705.27 $0.00 $1,154.77 $206,094.75
174 $206,094.75 $705.27 $0.00 $1,165.29 $207,965.31
175 $207,965.31 $705.27 $0.00 $1,175.87 $209,846.45
176 $209,846.45 $705.27 $0.00 $1,186.50 $211,738.22
177 $211,738.22 $705.27 $0.00 $1,197.20 $213,640.69
178 $213,640.69 $705.27 $0.00 $1,207.96 $215,553.92
179 $215,553.92 $705.27 $0.00 $1,218.77 $217,477.96
180 $217,477.96 $705.27 $0.00 $1,229.65 $219,412.88
181 $219,412.88 $705.27 $0.00 $1,240.59 $221,358.74
182 $221,358.74 $705.27 $0.00 $1,251.59 $223,315.60
183 $223,315.60 $705.27 $0.00 $1,262.66 $225,283.53
184 $225,283.53 $705.27 $0.00 $1,273.79 $227,262.59
185 $227,262.59 $705.27 $0.00 $1,284.98 $229,252.84
186 $229,252.84 $705.27 $0.00 $1,296.23 $231,254.34
187 $231,254.34 $705.27 $0.00 $1,307.55 $233,267.16
188 $233,267.16 $705.27 $0.00 $1,318.93 $235,291.36
189 $235,291.36 $705.27 $0.00 $1,330.37 $237,327.00
190 $237,327.00 $705.27 $0.00 $1,341.88 $239,374.15
191 $239,374.15 $705.27 $0.00 $1,353.46 $241,432.88
192 $241,432.88 $705.27 $0.00 $1,365.10 $243,503.25
193 $243,503.25 $705.27 $0.00 $1,376.80 $245,585.32
194 $245,585.32 $705.27 $0.00 $1,388.58 $247,679.17
195 $247,679.17 $705.27 $0.00 $1,400.41 $249,784.85
196 $249,784.85 $705.27 $0.00 $1,412.32 $251,902.44
197 $251,902.44 $705.27 $0.00 $1,424.29 $254,032.00
198 $254,032.00 $705.27 $0.00 $1,436.33 $256,173.60
199 $256,173.60 $705.27 $0.00 $1,448.44 $258,327.31
200 $258,327.31 $705.27 $0.00 $1,460.62 $260,493.20
201 $260,493.20 $705.27 $0.00 $1,472.87 $262,671.34
202 $262,671.34 $705.27 $0.00 $1,485.18 $264,861.79
203 $264,861.79 $705.27 $0.00 $1,497.57 $267,064.63
204 $267,064.63 $705.27 $0.00 $1,510.02 $269,279.92
205 $269,279.92 $705.27 $0.00 $1,522.55 $271,507.74
206 $271,507.74 $705.27 $0.00 $1,535.14 $273,748.15
207 $273,748.15 $705.27 $0.00 $1,547.81 $276,001.23
208 $276,001.23 $705.27 $0.00 $1,560.55 $278,267.05
209 $278,267.05 $705.27 $0.00 $1,573.36 $280,545.68
210 $280,545.68 $705.27 $0.00 $1,586.25 $282,837.20
211 $282,837.20 $705.27 $0.00 $1,599.20 $285,141.67
212 $285,141.67 $705.27 $0.00 $1,612.23 $287,459.17
213 $287,459.17 $705.27 $0.00 $1,625.34 $289,789.78
214 $289,789.78 $705.27 $0.00 $1,638.51 $292,133.56
215 $292,133.56 $705.27 $0.00 $1,651.77 $294,490.60
216 $294,490.60 $705.27 $0.00 $1,665.09 $296,860.96
217 $296,860.96 $705.27 $80,395.07 $1,678.50 $218,849.66
218 $218,849.66 $705.27 $0.00 $1,237.41 $220,792.34
219 $220,792.34 $705.27 $0.00 $1,248.39 $222,746.00
220 $222,746.00 $705.27 $0.00 $1,259.44 $224,710.71
221 $224,710.71 $705.27 $0.00 $1,270.55 $226,686.53
222 $226,686.53 $705.27 $0.00 $1,281.72 $228,673.52
223 $228,673.52 $705.27 $0.00 $1,292.95 $230,671.74
224 $230,671.74 $705.27 $0.00 $1,304.25 $232,681.26
225 $232,681.26 $705.27 $0.00 $1,315.61 $234,702.14
226 $234,702.14 $705.27 $0.00 $1,327.04 $236,734.45
227 $236,734.45 $705.27 $0.00 $1,338.53 $238,778.25
228 $238,778.25 $705.27 $0.00 $1,350.09 $240,833.61
229 $240,833.61 $705.27 $86,022.72 $1,361.71 $156,877.87
230 $156,877.87 $705.27 $0.00 $887.01 $158,470.15
231 $158,470.15 $705.27 $0.00 $896.01 $160,071.43
232 $160,071.43 $705.27 $0.00 $905.07 $161,681.77
233 $161,681.77 $705.27 $0.00 $914.17 $163,301.21
234 $163,301.21 $705.27 $0.00 $923.33 $164,929.81
235 $164,929.81 $705.27 $0.00 $932.54 $166,567.62
236 $166,567.62 $705.27 $0.00 $941.80 $168,214.69
237 $168,214.69 $705.27 $0.00 $951.11 $169,871.07
238 $169,871.07 $705.27 $0.00 $960.48 $171,536.82
239 $171,536.82 $705.27 $0.00 $969.89 $173,211.98
240 $173,211.98 $705.27 $0.00 $979.37 $174,896.62
241 $174,896.62 $705.27 $92,044.31 $988.89 $84,546.47
242 $84,546.47 $705.27 $0.00 $478.04 $85,729.78
243 $85,729.78 $705.27 $0.00 $484.73 $86,919.78
244 $86,919.78 $705.27 $0.00 $491.46 $88,116.51
245 $88,116.51 $705.27 $0.00 $498.22 $89,320.00
246 $89,320.00 $705.27 $0.00 $505.03 $90,530.30
247 $90,530.30 $705.27 $0.00 $511.87 $91,747.44
248 $91,747.44 $705.27 $0.00 $518.75 $92,971.46
249 $92,971.46 $705.27 $0.00 $525.67 $94,202.40
250 $94,202.40 $705.27 $0.00 $532.63 $95,440.30
251 $95,440.30 $705.27 $0.00 $539.63 $96,685.20
252 $96,685.20 $705.27 $0.00 $546.67 $97,937.14
253 $97,937.14 $0.00 $98,487.42 $553.75 $3.47