Savings Plan and Future Cost Estimation for Baylor University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$263,259
Monthly savings required$2,081

How much will it cost to send your child to Baylor University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,053,035.61 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,080.60 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$70,171.00
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 $2,080.60 $0.00 $0.00 $2,080.60
2 $2,080.60 $2,080.60 $0.00 $11.76 $4,172.96
3 $4,172.96 $2,080.60 $0.00 $23.59 $6,277.15
4 $6,277.15 $2,080.60 $0.00 $35.49 $8,393.24
5 $8,393.24 $2,080.60 $0.00 $47.46 $10,521.30
6 $10,521.30 $2,080.60 $0.00 $59.49 $12,661.39
7 $12,661.39 $2,080.60 $0.00 $71.59 $14,813.58
8 $14,813.58 $2,080.60 $0.00 $83.76 $16,977.94
9 $16,977.94 $2,080.60 $0.00 $96.00 $19,154.54
10 $19,154.54 $2,080.60 $0.00 $108.30 $21,343.44
11 $21,343.44 $2,080.60 $0.00 $120.68 $23,544.72
12 $23,544.72 $2,080.60 $0.00 $133.13 $25,758.45
13 $25,758.45 $2,080.60 $0.00 $145.64 $27,984.69
14 $27,984.69 $2,080.60 $0.00 $158.23 $30,223.52
15 $30,223.52 $2,080.60 $0.00 $170.89 $32,475.01
16 $32,475.01 $2,080.60 $0.00 $183.62 $34,739.23
17 $34,739.23 $2,080.60 $0.00 $196.42 $37,016.25
18 $37,016.25 $2,080.60 $0.00 $209.30 $39,306.15
19 $39,306.15 $2,080.60 $0.00 $222.24 $41,608.99
20 $41,608.99 $2,080.60 $0.00 $235.26 $43,924.85
21 $43,924.85 $2,080.60 $0.00 $248.36 $46,253.81
22 $46,253.81 $2,080.60 $0.00 $261.53 $48,595.94
23 $48,595.94 $2,080.60 $0.00 $274.77 $50,951.31
24 $50,951.31 $2,080.60 $0.00 $288.09 $53,320.00
25 $53,320.00 $2,080.60 $0.00 $301.48 $55,702.08
26 $55,702.08 $2,080.60 $0.00 $314.95 $58,097.63
27 $58,097.63 $2,080.60 $0.00 $328.49 $60,506.72
28 $60,506.72 $2,080.60 $0.00 $342.11 $62,929.43
29 $62,929.43 $2,080.60 $0.00 $355.81 $65,365.84
30 $65,365.84 $2,080.60 $0.00 $369.59 $67,816.03
31 $67,816.03 $2,080.60 $0.00 $383.44 $70,280.07
32 $70,280.07 $2,080.60 $0.00 $397.37 $72,758.04
33 $72,758.04 $2,080.60 $0.00 $411.38 $75,250.02
34 $75,250.02 $2,080.60 $0.00 $425.47 $77,756.09
35 $77,756.09 $2,080.60 $0.00 $439.64 $80,276.33
36 $80,276.33 $2,080.60 $0.00 $453.89 $82,810.82
37 $82,810.82 $2,080.60 $0.00 $468.22 $85,359.64
38 $85,359.64 $2,080.60 $0.00 $482.64 $87,922.88
39 $87,922.88 $2,080.60 $0.00 $497.13 $90,500.61
40 $90,500.61 $2,080.60 $0.00 $511.70 $93,092.91
41 $93,092.91 $2,080.60 $0.00 $526.36 $95,699.87
42 $95,699.87 $2,080.60 $0.00 $541.10 $98,321.57
43 $98,321.57 $2,080.60 $0.00 $555.92 $100,958.09
44 $100,958.09 $2,080.60 $0.00 $570.83 $103,609.52
45 $103,609.52 $2,080.60 $0.00 $585.82 $106,275.94
46 $106,275.94 $2,080.60 $0.00 $600.90 $108,957.44
47 $108,957.44 $2,080.60 $0.00 $616.06 $111,654.10
48 $111,654.10 $2,080.60 $0.00 $631.31 $114,366.01
49 $114,366.01 $2,080.60 $0.00 $646.64 $117,093.25
50 $117,093.25 $2,080.60 $0.00 $662.06 $119,835.91
51 $119,835.91 $2,080.60 $0.00 $677.57 $122,594.08
52 $122,594.08 $2,080.60 $0.00 $693.16 $125,367.84
53 $125,367.84 $2,080.60 $0.00 $708.85 $128,157.29
54 $128,157.29 $2,080.60 $0.00 $724.62 $130,962.51
55 $130,962.51 $2,080.60 $0.00 $740.48 $133,783.59
56 $133,783.59 $2,080.60 $0.00 $756.43 $136,620.62
57 $136,620.62 $2,080.60 $0.00 $772.47 $139,473.69
58 $139,473.69 $2,080.60 $0.00 $788.60 $142,342.89
59 $142,342.89 $2,080.60 $0.00 $804.83 $145,228.32
60 $145,228.32 $2,080.60 $0.00 $821.14 $148,130.06
61 $148,130.06 $2,080.60 $0.00 $837.55 $151,048.21
62 $151,048.21 $2,080.60 $0.00 $854.05 $153,982.86
63 $153,982.86 $2,080.60 $0.00 $870.64 $156,934.10
64 $156,934.10 $2,080.60 $0.00 $887.33 $159,902.03
65 $159,902.03 $2,080.60 $0.00 $904.11 $162,886.74
66 $162,886.74 $2,080.60 $0.00 $920.99 $165,888.33
67 $165,888.33 $2,080.60 $0.00 $937.96 $168,906.89
68 $168,906.89 $2,080.60 $0.00 $955.02 $171,942.51
69 $171,942.51 $2,080.60 $0.00 $972.19 $174,995.30
70 $174,995.30 $2,080.60 $0.00 $989.45 $178,065.35
71 $178,065.35 $2,080.60 $0.00 $1,006.81 $181,152.76
72 $181,152.76 $2,080.60 $0.00 $1,024.26 $184,257.62
73 $184,257.62 $2,080.60 $0.00 $1,041.82 $187,380.04
74 $187,380.04 $2,080.60 $0.00 $1,059.47 $190,520.11
75 $190,520.11 $2,080.60 $0.00 $1,077.23 $193,677.94
76 $193,677.94 $2,080.60 $0.00 $1,095.08 $196,853.62
77 $196,853.62 $2,080.60 $0.00 $1,113.04 $200,047.26
78 $200,047.26 $2,080.60 $0.00 $1,131.10 $203,258.96
79 $203,258.96 $2,080.60 $0.00 $1,149.26 $206,488.82
80 $206,488.82 $2,080.60 $0.00 $1,167.52 $209,736.94
81 $209,736.94 $2,080.60 $0.00 $1,185.88 $213,003.42
82 $213,003.42 $2,080.60 $0.00 $1,204.35 $216,288.37
83 $216,288.37 $2,080.60 $0.00 $1,222.93 $219,591.90
84 $219,591.90 $2,080.60 $0.00 $1,241.60 $222,914.10
85 $222,914.10 $2,080.60 $0.00 $1,260.39 $226,255.09
86 $226,255.09 $2,080.60 $0.00 $1,279.28 $229,614.97
87 $229,614.97 $2,080.60 $0.00 $1,298.28 $232,993.85
88 $232,993.85 $2,080.60 $0.00 $1,317.38 $236,391.83
89 $236,391.83 $2,080.60 $0.00 $1,336.59 $239,809.02
90 $239,809.02 $2,080.60 $0.00 $1,355.92 $243,245.54
91 $243,245.54 $2,080.60 $0.00 $1,375.35 $246,701.49
92 $246,701.49 $2,080.60 $0.00 $1,394.89 $250,176.98
93 $250,176.98 $2,080.60 $0.00 $1,414.54 $253,672.12
94 $253,672.12 $2,080.60 $0.00 $1,434.30 $257,187.02
95 $257,187.02 $2,080.60 $0.00 $1,454.17 $260,721.79
96 $260,721.79 $2,080.60 $0.00 $1,474.16 $264,276.55
97 $264,276.55 $2,080.60 $0.00 $1,494.26 $267,851.41
98 $267,851.41 $2,080.60 $0.00 $1,514.47 $271,446.48
99 $271,446.48 $2,080.60 $0.00 $1,534.80 $275,061.88
100 $275,061.88 $2,080.60 $0.00 $1,555.24 $278,697.72
101 $278,697.72 $2,080.60 $0.00 $1,575.80 $282,354.12
102 $282,354.12 $2,080.60 $0.00 $1,596.47 $286,031.19
103 $286,031.19 $2,080.60 $0.00 $1,617.26 $289,729.05
104 $289,729.05 $2,080.60 $0.00 $1,638.17 $293,447.82
105 $293,447.82 $2,080.60 $0.00 $1,659.20 $297,187.62
106 $297,187.62 $2,080.60 $0.00 $1,680.34 $300,948.56
107 $300,948.56 $2,080.60 $0.00 $1,701.61 $304,730.77
108 $304,730.77 $2,080.60 $0.00 $1,722.99 $308,534.36
109 $308,534.36 $2,080.60 $0.00 $1,744.50 $312,359.46
110 $312,359.46 $2,080.60 $0.00 $1,766.13 $316,206.19
111 $316,206.19 $2,080.60 $0.00 $1,787.88 $320,074.67
112 $320,074.67 $2,080.60 $0.00 $1,809.75 $323,965.02
113 $323,965.02 $2,080.60 $0.00 $1,831.75 $327,877.37
114 $327,877.37 $2,080.60 $0.00 $1,853.87 $331,811.84
115 $331,811.84 $2,080.60 $0.00 $1,876.11 $335,768.55
116 $335,768.55 $2,080.60 $0.00 $1,898.48 $339,747.63
117 $339,747.63 $2,080.60 $0.00 $1,920.98 $343,749.21
118 $343,749.21 $2,080.60 $0.00 $1,943.61 $347,773.42
119 $347,773.42 $2,080.60 $0.00 $1,966.36 $351,820.38
120 $351,820.38 $2,080.60 $0.00 $1,989.24 $355,890.22
121 $355,890.22 $2,080.60 $0.00 $2,012.26 $359,983.08
122 $359,983.08 $2,080.60 $0.00 $2,035.40 $364,099.08
123 $364,099.08 $2,080.60 $0.00 $2,058.67 $368,238.35
124 $368,238.35 $2,080.60 $0.00 $2,082.07 $372,401.02
125 $372,401.02 $2,080.60 $0.00 $2,105.61 $376,587.23
126 $376,587.23 $2,080.60 $0.00 $2,129.28 $380,797.11
127 $380,797.11 $2,080.60 $0.00 $2,153.08 $385,030.79
128 $385,030.79 $2,080.60 $0.00 $2,177.02 $389,288.41
129 $389,288.41 $2,080.60 $0.00 $2,201.09 $393,570.10
130 $393,570.10 $2,080.60 $0.00 $2,225.30 $397,876.00
131 $397,876.00 $2,080.60 $0.00 $2,249.65 $402,206.25
132 $402,206.25 $2,080.60 $0.00 $2,274.13 $406,560.98
133 $406,560.98 $2,080.60 $0.00 $2,298.75 $410,940.33
134 $410,940.33 $2,080.60 $0.00 $2,323.52 $415,344.45
135 $415,344.45 $2,080.60 $0.00 $2,348.42 $419,773.47
136 $419,773.47 $2,080.60 $0.00 $2,373.46 $424,227.53
137 $424,227.53 $2,080.60 $0.00 $2,398.64 $428,706.77
138 $428,706.77 $2,080.60 $0.00 $2,423.97 $433,211.34
139 $433,211.34 $2,080.60 $0.00 $2,449.44 $437,741.38
140 $437,741.38 $2,080.60 $0.00 $2,475.05 $442,297.03
141 $442,297.03 $2,080.60 $0.00 $2,500.81 $446,878.44
142 $446,878.44 $2,080.60 $0.00 $2,526.72 $451,485.76
143 $451,485.76 $2,080.60 $0.00 $2,552.77 $456,119.13
144 $456,119.13 $2,080.60 $0.00 $2,578.96 $460,778.69
145 $460,778.69 $2,080.60 $0.00 $2,605.31 $465,464.60
146 $465,464.60 $2,080.60 $0.00 $2,631.80 $470,177.00
147 $470,177.00 $2,080.60 $0.00 $2,658.45 $474,916.05
148 $474,916.05 $2,080.60 $0.00 $2,685.24 $479,681.89
149 $479,681.89 $2,080.60 $0.00 $2,712.19 $484,474.68
150 $484,474.68 $2,080.60 $0.00 $2,739.29 $489,294.57
151 $489,294.57 $2,080.60 $0.00 $2,766.54 $494,141.71
152 $494,141.71 $2,080.60 $0.00 $2,793.95 $499,016.26
153 $499,016.26 $2,080.60 $0.00 $2,821.51 $503,918.37
154 $503,918.37 $2,080.60 $0.00 $2,849.23 $508,848.20
155 $508,848.20 $2,080.60 $0.00 $2,877.10 $513,805.90
156 $513,805.90 $2,080.60 $0.00 $2,905.13 $518,791.63
157 $518,791.63 $2,080.60 $0.00 $2,933.32 $523,805.55
158 $523,805.55 $2,080.60 $0.00 $2,961.67 $528,847.82
159 $528,847.82 $2,080.60 $0.00 $2,990.18 $533,918.60
160 $533,918.60 $2,080.60 $0.00 $3,018.85 $539,018.05
161 $539,018.05 $2,080.60 $0.00 $3,047.69 $544,146.34
162 $544,146.34 $2,080.60 $0.00 $3,076.68 $549,303.62
163 $549,303.62 $2,080.60 $0.00 $3,105.84 $554,490.06
164 $554,490.06 $2,080.60 $0.00 $3,135.17 $559,705.83
165 $559,705.83 $2,080.60 $0.00 $3,164.66 $564,951.09
166 $564,951.09 $2,080.60 $0.00 $3,194.32 $570,226.01
167 $570,226.01 $2,080.60 $0.00 $3,224.14 $575,530.75
168 $575,530.75 $2,080.60 $0.00 $3,254.13 $580,865.48
169 $580,865.48 $2,080.60 $0.00 $3,284.30 $586,230.38
170 $586,230.38 $2,080.60 $0.00 $3,314.63 $591,625.61
171 $591,625.61 $2,080.60 $0.00 $3,345.14 $597,051.35
172 $597,051.35 $2,080.60 $0.00 $3,375.82 $602,507.77
173 $602,507.77 $2,080.60 $0.00 $3,406.67 $607,995.04
174 $607,995.04 $2,080.60 $0.00 $3,437.69 $613,513.33
175 $613,513.33 $2,080.60 $0.00 $3,468.89 $619,062.82
176 $619,062.82 $2,080.60 $0.00 $3,500.27 $624,643.69
177 $624,643.69 $2,080.60 $0.00 $3,531.83 $630,256.12
178 $630,256.12 $2,080.60 $0.00 $3,563.56 $635,900.28
179 $635,900.28 $2,080.60 $0.00 $3,595.47 $641,576.35
180 $641,576.35 $2,080.60 $0.00 $3,627.57 $647,284.52
181 $647,284.52 $2,080.60 $0.00 $3,659.84 $653,024.96
182 $653,024.96 $2,080.60 $0.00 $3,692.30 $658,797.86
183 $658,797.86 $2,080.60 $0.00 $3,724.94 $664,603.40
184 $664,603.40 $2,080.60 $0.00 $3,757.76 $670,441.76
185 $670,441.76 $2,080.60 $0.00 $3,790.78 $676,313.14
186 $676,313.14 $2,080.60 $0.00 $3,823.97 $682,217.71
187 $682,217.71 $2,080.60 $0.00 $3,857.36 $688,155.67
188 $688,155.67 $2,080.60 $0.00 $3,890.93 $694,127.20
189 $694,127.20 $2,080.60 $0.00 $3,924.70 $700,132.50
190 $700,132.50 $2,080.60 $0.00 $3,958.65 $706,171.75
191 $706,171.75 $2,080.60 $0.00 $3,992.80 $712,245.15
192 $712,245.15 $2,080.60 $0.00 $4,027.14 $718,352.89
193 $718,352.89 $2,080.60 $0.00 $4,061.67 $724,495.16
194 $724,495.16 $2,080.60 $0.00 $4,096.40 $730,672.16
195 $730,672.16 $2,080.60 $0.00 $4,131.33 $736,884.09
196 $736,884.09 $2,080.60 $0.00 $4,166.45 $743,131.14
197 $743,131.14 $2,080.60 $0.00 $4,201.77 $749,413.51
198 $749,413.51 $2,080.60 $0.00 $4,237.29 $755,731.40
199 $755,731.40 $2,080.60 $0.00 $4,273.02 $762,085.02
200 $762,085.02 $2,080.60 $0.00 $4,308.94 $768,474.56
201 $768,474.56 $2,080.60 $0.00 $4,345.07 $774,900.23
202 $774,900.23 $2,080.60 $0.00 $4,381.40 $781,362.23
203 $781,362.23 $2,080.60 $0.00 $4,417.94 $787,860.77
204 $787,860.77 $2,080.60 $0.00 $4,454.68 $794,396.05
205 $794,396.05 $2,080.60 $0.00 $4,491.63 $800,968.28
206 $800,968.28 $2,080.60 $0.00 $4,528.79 $807,577.67
207 $807,577.67 $2,080.60 $0.00 $4,566.16 $814,224.43
208 $814,224.43 $2,080.60 $0.00 $4,603.74 $820,908.77
209 $820,908.77 $2,080.60 $0.00 $4,641.54 $827,630.91
210 $827,630.91 $2,080.60 $0.00 $4,679.55 $834,391.06
211 $834,391.06 $2,080.60 $0.00 $4,717.77 $841,189.43
212 $841,189.43 $2,080.60 $0.00 $4,756.21 $848,026.24
213 $848,026.24 $2,080.60 $0.00 $4,794.86 $854,901.70
214 $854,901.70 $2,080.60 $0.00 $4,833.74 $861,816.04
215 $861,816.04 $2,080.60 $0.00 $4,872.83 $868,769.47
216 $868,769.47 $2,080.60 $0.00 $4,912.15 $875,762.22
217 $875,762.22 $2,080.60 $237,173.23 $4,951.69 $645,621.28
218 $645,621.28 $2,080.60 $0.00 $3,650.44 $651,352.32
219 $651,352.32 $2,080.60 $0.00 $3,682.84 $657,115.76
220 $657,115.76 $2,080.60 $0.00 $3,715.43 $662,911.79
221 $662,911.79 $2,080.60 $0.00 $3,748.20 $668,740.59
222 $668,740.59 $2,080.60 $0.00 $3,781.16 $674,602.35
223 $674,602.35 $2,080.60 $0.00 $3,814.30 $680,497.25
224 $680,497.25 $2,080.60 $0.00 $3,847.63 $686,425.48
225 $686,425.48 $2,080.60 $0.00 $3,881.15 $692,387.23
226 $692,387.23 $2,080.60 $0.00 $3,914.86 $698,382.69
227 $698,382.69 $2,080.60 $0.00 $3,948.76 $704,412.05
228 $704,412.05 $2,080.60 $0.00 $3,982.85 $710,475.50
229 $710,475.50 $2,080.60 $253,775.35 $4,017.13 $462,797.88
230 $462,797.88 $2,080.60 $0.00 $2,616.73 $467,495.21
231 $467,495.21 $2,080.60 $0.00 $2,643.29 $472,219.10
232 $472,219.10 $2,080.60 $0.00 $2,670.00 $476,969.70
233 $476,969.70 $2,080.60 $0.00 $2,696.86 $481,747.16
234 $481,747.16 $2,080.60 $0.00 $2,723.87 $486,551.63
235 $486,551.63 $2,080.60 $0.00 $2,751.03 $491,383.26
236 $491,383.26 $2,080.60 $0.00 $2,778.35 $496,242.21
237 $496,242.21 $2,080.60 $0.00 $2,805.83 $501,128.64
238 $501,128.64 $2,080.60 $0.00 $2,833.45 $506,042.69
239 $506,042.69 $2,080.60 $0.00 $2,861.24 $510,984.53
240 $510,984.53 $2,080.60 $0.00 $2,889.18 $515,954.31
241 $515,954.31 $2,080.60 $271,539.63 $2,917.28 $249,412.56
242 $249,412.56 $2,080.60 $0.00 $1,410.21 $252,903.37
243 $252,903.37 $2,080.60 $0.00 $1,429.95 $256,413.92
244 $256,413.92 $2,080.60 $0.00 $1,449.80 $259,944.32
245 $259,944.32 $2,080.60 $0.00 $1,469.76 $263,494.68
246 $263,494.68 $2,080.60 $0.00 $1,489.84 $267,065.12
247 $267,065.12 $2,080.60 $0.00 $1,510.03 $270,655.75
248 $270,655.75 $2,080.60 $0.00 $1,530.33 $274,266.68
249 $274,266.68 $2,080.60 $0.00 $1,550.74 $277,898.02
250 $277,898.02 $2,080.60 $0.00 $1,571.28 $281,549.90
251 $281,549.90 $2,080.60 $0.00 $1,591.92 $285,222.42
252 $285,222.42 $2,080.60 $0.00 $1,612.69 $288,915.71
253 $288,915.71 $0.00 $290,547.40 $1,633.57 $1.88