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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$134,302
Monthly savings required$1,063

How much will it cost to send your child to Union University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $537,208.85 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,063.12 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$51,790.00
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 $1,063.12 $0.00 $0.00 $1,063.12
2 $1,063.12 $1,063.12 $0.00 $6.01 $2,132.25
3 $2,132.25 $1,063.12 $0.00 $12.06 $3,207.43
4 $3,207.43 $1,063.12 $0.00 $18.14 $4,288.69
5 $4,288.69 $1,063.12 $0.00 $24.25 $5,376.06
6 $5,376.06 $1,063.12 $0.00 $30.40 $6,469.58
7 $6,469.58 $1,063.12 $0.00 $36.58 $7,569.28
8 $7,569.28 $1,063.12 $0.00 $42.80 $8,675.20
9 $8,675.20 $1,063.12 $0.00 $49.05 $9,787.37
10 $9,787.37 $1,063.12 $0.00 $55.34 $10,905.83
11 $10,905.83 $1,063.12 $0.00 $61.66 $12,030.61
12 $12,030.61 $1,063.12 $0.00 $68.02 $13,161.75
13 $13,161.75 $1,063.12 $0.00 $74.42 $14,299.29
14 $14,299.29 $1,063.12 $0.00 $80.85 $15,443.26
15 $15,443.26 $1,063.12 $0.00 $87.32 $16,593.70
16 $16,593.70 $1,063.12 $0.00 $93.82 $17,750.64
17 $17,750.64 $1,063.12 $0.00 $100.36 $18,914.12
18 $18,914.12 $1,063.12 $0.00 $106.94 $20,084.18
19 $20,084.18 $1,063.12 $0.00 $113.56 $21,260.86
20 $21,260.86 $1,063.12 $0.00 $120.21 $22,444.19
21 $22,444.19 $1,063.12 $0.00 $126.90 $23,634.21
22 $23,634.21 $1,063.12 $0.00 $133.63 $24,830.96
23 $24,830.96 $1,063.12 $0.00 $140.40 $26,034.48
24 $26,034.48 $1,063.12 $0.00 $147.20 $27,244.80
25 $27,244.80 $1,063.12 $0.00 $154.05 $28,461.97
26 $28,461.97 $1,063.12 $0.00 $160.93 $29,686.02
27 $29,686.02 $1,063.12 $0.00 $167.85 $30,916.99
28 $30,916.99 $1,063.12 $0.00 $174.81 $32,154.92
29 $32,154.92 $1,063.12 $0.00 $181.81 $33,399.85
30 $33,399.85 $1,063.12 $0.00 $188.85 $34,651.82
31 $34,651.82 $1,063.12 $0.00 $195.93 $35,910.87
32 $35,910.87 $1,063.12 $0.00 $203.05 $37,177.04
33 $37,177.04 $1,063.12 $0.00 $210.20 $38,450.36
34 $38,450.36 $1,063.12 $0.00 $217.40 $39,730.88
35 $39,730.88 $1,063.12 $0.00 $224.64 $41,018.64
36 $41,018.64 $1,063.12 $0.00 $231.93 $42,313.69
37 $42,313.69 $1,063.12 $0.00 $239.25 $43,616.06
38 $43,616.06 $1,063.12 $0.00 $246.61 $44,925.79
39 $44,925.79 $1,063.12 $0.00 $254.02 $46,242.93
40 $46,242.93 $1,063.12 $0.00 $261.46 $47,567.51
41 $47,567.51 $1,063.12 $0.00 $268.95 $48,899.58
42 $48,899.58 $1,063.12 $0.00 $276.49 $50,239.19
43 $50,239.19 $1,063.12 $0.00 $284.06 $51,586.37
44 $51,586.37 $1,063.12 $0.00 $291.68 $52,941.17
45 $52,941.17 $1,063.12 $0.00 $299.34 $54,303.63
46 $54,303.63 $1,063.12 $0.00 $307.04 $55,673.79
47 $55,673.79 $1,063.12 $0.00 $314.79 $57,051.70
48 $57,051.70 $1,063.12 $0.00 $322.58 $58,437.40
49 $58,437.40 $1,063.12 $0.00 $330.41 $59,830.93
50 $59,830.93 $1,063.12 $0.00 $338.29 $61,232.34
51 $61,232.34 $1,063.12 $0.00 $346.22 $62,641.68
52 $62,641.68 $1,063.12 $0.00 $354.19 $64,058.99
53 $64,058.99 $1,063.12 $0.00 $362.20 $65,484.31
54 $65,484.31 $1,063.12 $0.00 $370.26 $66,917.69
55 $66,917.69 $1,063.12 $0.00 $378.36 $68,359.17
56 $68,359.17 $1,063.12 $0.00 $386.51 $69,808.80
57 $69,808.80 $1,063.12 $0.00 $394.71 $71,266.63
58 $71,266.63 $1,063.12 $0.00 $402.95 $72,732.70
59 $72,732.70 $1,063.12 $0.00 $411.24 $74,207.06
60 $74,207.06 $1,063.12 $0.00 $419.58 $75,689.76
61 $75,689.76 $1,063.12 $0.00 $427.96 $77,180.84
62 $77,180.84 $1,063.12 $0.00 $436.39 $78,680.35
63 $78,680.35 $1,063.12 $0.00 $444.87 $80,188.34
64 $80,188.34 $1,063.12 $0.00 $453.40 $81,704.86
65 $81,704.86 $1,063.12 $0.00 $461.97 $83,229.95
66 $83,229.95 $1,063.12 $0.00 $470.59 $84,763.66
67 $84,763.66 $1,063.12 $0.00 $479.27 $86,306.05
68 $86,306.05 $1,063.12 $0.00 $487.99 $87,857.16
69 $87,857.16 $1,063.12 $0.00 $496.76 $89,417.04
70 $89,417.04 $1,063.12 $0.00 $505.58 $90,985.74
71 $90,985.74 $1,063.12 $0.00 $514.45 $92,563.31
72 $92,563.31 $1,063.12 $0.00 $523.37 $94,149.80
73 $94,149.80 $1,063.12 $0.00 $532.34 $95,745.26
74 $95,745.26 $1,063.12 $0.00 $541.36 $97,349.74
75 $97,349.74 $1,063.12 $0.00 $550.43 $98,963.29
76 $98,963.29 $1,063.12 $0.00 $559.55 $100,585.96
77 $100,585.96 $1,063.12 $0.00 $568.73 $102,217.81
78 $102,217.81 $1,063.12 $0.00 $577.95 $103,858.88
79 $103,858.88 $1,063.12 $0.00 $587.23 $105,509.23
80 $105,509.23 $1,063.12 $0.00 $596.56 $107,168.91
81 $107,168.91 $1,063.12 $0.00 $605.95 $108,837.98
82 $108,837.98 $1,063.12 $0.00 $615.39 $110,516.49
83 $110,516.49 $1,063.12 $0.00 $624.88 $112,204.49
84 $112,204.49 $1,063.12 $0.00 $634.42 $113,902.03
85 $113,902.03 $1,063.12 $0.00 $644.02 $115,609.17
86 $115,609.17 $1,063.12 $0.00 $653.67 $117,325.96
87 $117,325.96 $1,063.12 $0.00 $663.38 $119,052.46
88 $119,052.46 $1,063.12 $0.00 $673.14 $120,788.72
89 $120,788.72 $1,063.12 $0.00 $682.96 $122,534.80
90 $122,534.80 $1,063.12 $0.00 $692.83 $124,290.75
91 $124,290.75 $1,063.12 $0.00 $702.76 $126,056.63
92 $126,056.63 $1,063.12 $0.00 $712.74 $127,832.49
93 $127,832.49 $1,063.12 $0.00 $722.78 $129,618.39
94 $129,618.39 $1,063.12 $0.00 $732.88 $131,414.39
95 $131,414.39 $1,063.12 $0.00 $743.04 $133,220.55
96 $133,220.55 $1,063.12 $0.00 $753.25 $135,036.92
97 $135,036.92 $1,063.12 $0.00 $763.52 $136,863.56
98 $136,863.56 $1,063.12 $0.00 $773.85 $138,700.53
99 $138,700.53 $1,063.12 $0.00 $784.23 $140,547.88
100 $140,547.88 $1,063.12 $0.00 $794.68 $142,405.68
101 $142,405.68 $1,063.12 $0.00 $805.18 $144,273.98
102 $144,273.98 $1,063.12 $0.00 $815.75 $146,152.85
103 $146,152.85 $1,063.12 $0.00 $826.37 $148,042.34
104 $148,042.34 $1,063.12 $0.00 $837.05 $149,942.51
105 $149,942.51 $1,063.12 $0.00 $847.80 $151,853.43
106 $151,853.43 $1,063.12 $0.00 $858.60 $153,775.15
107 $153,775.15 $1,063.12 $0.00 $869.47 $155,707.74
108 $155,707.74 $1,063.12 $0.00 $880.39 $157,651.25
109 $157,651.25 $1,063.12 $0.00 $891.38 $159,605.75
110 $159,605.75 $1,063.12 $0.00 $902.43 $161,571.30
111 $161,571.30 $1,063.12 $0.00 $913.55 $163,547.97
112 $163,547.97 $1,063.12 $0.00 $924.72 $165,535.81
113 $165,535.81 $1,063.12 $0.00 $935.96 $167,534.89
114 $167,534.89 $1,063.12 $0.00 $947.27 $169,545.28
115 $169,545.28 $1,063.12 $0.00 $958.63 $171,567.03
116 $171,567.03 $1,063.12 $0.00 $970.06 $173,600.21
117 $173,600.21 $1,063.12 $0.00 $981.56 $175,644.89
118 $175,644.89 $1,063.12 $0.00 $993.12 $177,701.13
119 $177,701.13 $1,063.12 $0.00 $1,004.75 $179,769.00
120 $179,769.00 $1,063.12 $0.00 $1,016.44 $181,848.56
121 $181,848.56 $1,063.12 $0.00 $1,028.20 $183,939.88
122 $183,939.88 $1,063.12 $0.00 $1,040.02 $186,043.02
123 $186,043.02 $1,063.12 $0.00 $1,051.91 $188,158.05
124 $188,158.05 $1,063.12 $0.00 $1,063.87 $190,285.04
125 $190,285.04 $1,063.12 $0.00 $1,075.90 $192,424.06
126 $192,424.06 $1,063.12 $0.00 $1,087.99 $194,575.17
127 $194,575.17 $1,063.12 $0.00 $1,100.16 $196,738.45
128 $196,738.45 $1,063.12 $0.00 $1,112.39 $198,913.96
129 $198,913.96 $1,063.12 $0.00 $1,124.69 $201,101.77
130 $201,101.77 $1,063.12 $0.00 $1,137.06 $203,301.95
131 $203,301.95 $1,063.12 $0.00 $1,149.50 $205,514.57
132 $205,514.57 $1,063.12 $0.00 $1,162.01 $207,739.70
133 $207,739.70 $1,063.12 $0.00 $1,174.59 $209,977.41
134 $209,977.41 $1,063.12 $0.00 $1,187.24 $212,227.77
135 $212,227.77 $1,063.12 $0.00 $1,199.97 $214,490.86
136 $214,490.86 $1,063.12 $0.00 $1,212.76 $216,766.74
137 $216,766.74 $1,063.12 $0.00 $1,225.63 $219,055.49
138 $219,055.49 $1,063.12 $0.00 $1,238.57 $221,357.18
139 $221,357.18 $1,063.12 $0.00 $1,251.59 $223,671.89
140 $223,671.89 $1,063.12 $0.00 $1,264.67 $225,999.68
141 $225,999.68 $1,063.12 $0.00 $1,277.84 $228,340.64
142 $228,340.64 $1,063.12 $0.00 $1,291.07 $230,694.83
143 $230,694.83 $1,063.12 $0.00 $1,304.38 $233,062.33
144 $233,062.33 $1,063.12 $0.00 $1,317.77 $235,443.22
145 $235,443.22 $1,063.12 $0.00 $1,331.23 $237,837.57
146 $237,837.57 $1,063.12 $0.00 $1,344.77 $240,245.46
147 $240,245.46 $1,063.12 $0.00 $1,358.38 $242,666.96
148 $242,666.96 $1,063.12 $0.00 $1,372.07 $245,102.15
149 $245,102.15 $1,063.12 $0.00 $1,385.84 $247,551.11
150 $247,551.11 $1,063.12 $0.00 $1,399.69 $250,013.92
151 $250,013.92 $1,063.12 $0.00 $1,413.62 $252,490.66
152 $252,490.66 $1,063.12 $0.00 $1,427.62 $254,981.40
153 $254,981.40 $1,063.12 $0.00 $1,441.70 $257,486.22
154 $257,486.22 $1,063.12 $0.00 $1,455.86 $260,005.20
155 $260,005.20 $1,063.12 $0.00 $1,470.11 $262,538.43
156 $262,538.43 $1,063.12 $0.00 $1,484.43 $265,085.98
157 $265,085.98 $1,063.12 $0.00 $1,498.83 $267,647.93
158 $267,647.93 $1,063.12 $0.00 $1,513.32 $270,224.37
159 $270,224.37 $1,063.12 $0.00 $1,527.89 $272,815.38
160 $272,815.38 $1,063.12 $0.00 $1,542.54 $275,421.04
161 $275,421.04 $1,063.12 $0.00 $1,557.27 $278,041.43
162 $278,041.43 $1,063.12 $0.00 $1,572.09 $280,676.64
163 $280,676.64 $1,063.12 $0.00 $1,586.99 $283,326.75
164 $283,326.75 $1,063.12 $0.00 $1,601.97 $285,991.84
165 $285,991.84 $1,063.12 $0.00 $1,617.04 $288,672.00
166 $288,672.00 $1,063.12 $0.00 $1,632.19 $291,367.31
167 $291,367.31 $1,063.12 $0.00 $1,647.43 $294,077.86
168 $294,077.86 $1,063.12 $0.00 $1,662.76 $296,803.74
169 $296,803.74 $1,063.12 $0.00 $1,678.17 $299,545.03
170 $299,545.03 $1,063.12 $0.00 $1,693.67 $302,301.82
171 $302,301.82 $1,063.12 $0.00 $1,709.26 $305,074.20
172 $305,074.20 $1,063.12 $0.00 $1,724.93 $307,862.25
173 $307,862.25 $1,063.12 $0.00 $1,740.70 $310,666.07
174 $310,666.07 $1,063.12 $0.00 $1,756.55 $313,485.74
175 $313,485.74 $1,063.12 $0.00 $1,772.49 $316,321.35
176 $316,321.35 $1,063.12 $0.00 $1,788.53 $319,173.00
177 $319,173.00 $1,063.12 $0.00 $1,804.65 $322,040.77
178 $322,040.77 $1,063.12 $0.00 $1,820.87 $324,924.76
179 $324,924.76 $1,063.12 $0.00 $1,837.17 $327,825.05
180 $327,825.05 $1,063.12 $0.00 $1,853.57 $330,741.74
181 $330,741.74 $1,063.12 $0.00 $1,870.06 $333,674.92
182 $333,674.92 $1,063.12 $0.00 $1,886.65 $336,624.69
183 $336,624.69 $1,063.12 $0.00 $1,903.32 $339,591.13
184 $339,591.13 $1,063.12 $0.00 $1,920.10 $342,574.35
185 $342,574.35 $1,063.12 $0.00 $1,936.97 $345,574.44
186 $345,574.44 $1,063.12 $0.00 $1,953.93 $348,591.49
187 $348,591.49 $1,063.12 $0.00 $1,970.99 $351,625.60
188 $351,625.60 $1,063.12 $0.00 $1,988.14 $354,676.86
189 $354,676.86 $1,063.12 $0.00 $2,005.39 $357,745.37
190 $357,745.37 $1,063.12 $0.00 $2,022.74 $360,831.23
191 $360,831.23 $1,063.12 $0.00 $2,040.19 $363,934.54
192 $363,934.54 $1,063.12 $0.00 $2,057.74 $367,055.40
193 $367,055.40 $1,063.12 $0.00 $2,075.38 $370,193.90
194 $370,193.90 $1,063.12 $0.00 $2,093.13 $373,350.15
195 $373,350.15 $1,063.12 $0.00 $2,110.98 $376,524.25
196 $376,524.25 $1,063.12 $0.00 $2,128.92 $379,716.29
197 $379,716.29 $1,063.12 $0.00 $2,146.97 $382,926.38
198 $382,926.38 $1,063.12 $0.00 $2,165.12 $386,154.62
199 $386,154.62 $1,063.12 $0.00 $2,183.37 $389,401.11
200 $389,401.11 $1,063.12 $0.00 $2,201.73 $392,665.96
201 $392,665.96 $1,063.12 $0.00 $2,220.19 $395,949.27
202 $395,949.27 $1,063.12 $0.00 $2,238.75 $399,251.14
203 $399,251.14 $1,063.12 $0.00 $2,257.42 $402,571.68
204 $402,571.68 $1,063.12 $0.00 $2,276.20 $405,911.00
205 $405,911.00 $1,063.12 $0.00 $2,295.08 $409,269.20
206 $409,269.20 $1,063.12 $0.00 $2,314.07 $412,646.39
207 $412,646.39 $1,063.12 $0.00 $2,333.16 $416,042.67
208 $416,042.67 $1,063.12 $0.00 $2,352.37 $419,458.16
209 $419,458.16 $1,063.12 $0.00 $2,371.68 $422,892.96
210 $422,892.96 $1,063.12 $0.00 $2,391.10 $426,347.18
211 $426,347.18 $1,063.12 $0.00 $2,410.63 $429,820.93
212 $429,820.93 $1,063.12 $0.00 $2,430.27 $433,314.32
213 $433,314.32 $1,063.12 $0.00 $2,450.02 $436,827.46
214 $436,827.46 $1,063.12 $0.00 $2,469.89 $440,360.47
215 $440,360.47 $1,063.12 $0.00 $2,489.86 $443,913.45
216 $443,913.45 $1,063.12 $0.00 $2,509.95 $447,486.52
217 $447,486.52 $1,063.12 $124,638.81 $2,530.15 $326,440.98
218 $326,440.98 $1,063.12 $0.00 $1,845.74 $329,349.84
219 $329,349.84 $1,063.12 $0.00 $1,862.19 $332,275.15
220 $332,275.15 $1,063.12 $0.00 $1,878.73 $335,217.00
221 $335,217.00 $1,063.12 $0.00 $1,895.37 $338,175.49
222 $338,175.49 $1,063.12 $0.00 $1,912.09 $341,150.70
223 $341,150.70 $1,063.12 $0.00 $1,928.92 $344,142.74
224 $344,142.74 $1,063.12 $0.00 $1,945.83 $347,151.69
225 $347,151.69 $1,063.12 $0.00 $1,962.85 $350,177.66
226 $350,177.66 $1,063.12 $0.00 $1,979.96 $353,220.74
227 $353,220.74 $1,063.12 $0.00 $1,997.16 $356,281.02
228 $356,281.02 $1,063.12 $0.00 $2,014.46 $359,358.60
229 $359,358.60 $1,063.12 $130,870.75 $2,031.87 $231,582.84
230 $231,582.84 $1,063.12 $0.00 $1,309.40 $233,955.36
231 $233,955.36 $1,063.12 $0.00 $1,322.82 $236,341.30
232 $236,341.30 $1,063.12 $0.00 $1,336.31 $238,740.73
233 $238,740.73 $1,063.12 $0.00 $1,349.87 $241,153.72
234 $241,153.72 $1,063.12 $0.00 $1,363.52 $243,580.36
235 $243,580.36 $1,063.12 $0.00 $1,377.24 $246,020.72
236 $246,020.72 $1,063.12 $0.00 $1,391.04 $248,474.88
237 $248,474.88 $1,063.12 $0.00 $1,404.91 $250,942.91
238 $250,942.91 $1,063.12 $0.00 $1,418.87 $253,424.90
239 $253,424.90 $1,063.12 $0.00 $1,432.90 $255,920.92
240 $255,920.92 $1,063.12 $0.00 $1,447.01 $258,431.05
241 $258,431.05 $1,063.12 $137,414.29 $1,461.21 $123,541.09
242 $123,541.09 $1,063.12 $0.00 $698.52 $125,302.73
243 $125,302.73 $1,063.12 $0.00 $708.48 $127,074.33
244 $127,074.33 $1,063.12 $0.00 $718.50 $128,855.95
245 $128,855.95 $1,063.12 $0.00 $728.57 $130,647.64
246 $130,647.64 $1,063.12 $0.00 $738.70 $132,449.46
247 $132,449.46 $1,063.12 $0.00 $748.89 $134,261.47
248 $134,261.47 $1,063.12 $0.00 $759.13 $136,083.72
249 $136,083.72 $1,063.12 $0.00 $769.44 $137,916.28
250 $137,916.28 $1,063.12 $0.00 $779.80 $139,759.20
251 $139,759.20 $1,063.12 $0.00 $790.22 $141,612.54
252 $141,612.54 $1,063.12 $0.00 $800.70 $143,476.36
253 $143,476.36 $0.00 $144,285.00 $811.24 $2.60