Savings Plan and Future Cost Estimation for Wayland Baptist University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$136,103
Monthly savings required$1,076

How much will it cost to send your child to Wayland Baptist University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $544,413.30 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,075.65 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$36,278.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,075.65 $0.00 $0.00 $1,075.65
2 $1,075.65 $1,075.65 $0.00 $6.08 $2,157.38
3 $2,157.38 $1,075.65 $0.00 $12.20 $3,245.23
4 $3,245.23 $1,075.65 $0.00 $18.35 $4,339.23
5 $4,339.23 $1,075.65 $0.00 $24.53 $5,439.41
6 $5,439.41 $1,075.65 $0.00 $30.76 $6,545.82
7 $6,545.82 $1,075.65 $0.00 $37.01 $7,658.48
8 $7,658.48 $1,075.65 $0.00 $43.30 $8,777.43
9 $8,777.43 $1,075.65 $0.00 $49.63 $9,902.71
10 $9,902.71 $1,075.65 $0.00 $55.99 $11,034.35
11 $11,034.35 $1,075.65 $0.00 $62.39 $12,172.39
12 $12,172.39 $1,075.65 $0.00 $68.82 $13,316.86
13 $13,316.86 $1,075.65 $0.00 $75.30 $14,467.81
14 $14,467.81 $1,075.65 $0.00 $81.80 $15,625.26
15 $15,625.26 $1,075.65 $0.00 $88.35 $16,789.26
16 $16,789.26 $1,075.65 $0.00 $94.93 $17,959.84
17 $17,959.84 $1,075.65 $0.00 $101.55 $19,137.04
18 $19,137.04 $1,075.65 $0.00 $108.20 $20,320.89
19 $20,320.89 $1,075.65 $0.00 $114.90 $21,511.44
20 $21,511.44 $1,075.65 $0.00 $121.63 $22,708.72
21 $22,708.72 $1,075.65 $0.00 $128.40 $23,912.77
22 $23,912.77 $1,075.65 $0.00 $135.21 $25,123.63
23 $25,123.63 $1,075.65 $0.00 $142.05 $26,341.33
24 $26,341.33 $1,075.65 $0.00 $148.94 $27,565.92
25 $27,565.92 $1,075.65 $0.00 $155.86 $28,797.43
26 $28,797.43 $1,075.65 $0.00 $162.82 $30,035.90
27 $30,035.90 $1,075.65 $0.00 $169.83 $31,281.38
28 $31,281.38 $1,075.65 $0.00 $176.87 $32,533.90
29 $32,533.90 $1,075.65 $0.00 $183.95 $33,793.50
30 $33,793.50 $1,075.65 $0.00 $191.07 $35,060.22
31 $35,060.22 $1,075.65 $0.00 $198.24 $36,334.11
32 $36,334.11 $1,075.65 $0.00 $205.44 $37,615.20
33 $37,615.20 $1,075.65 $0.00 $212.68 $38,903.53
34 $38,903.53 $1,075.65 $0.00 $219.97 $40,199.15
35 $40,199.15 $1,075.65 $0.00 $227.29 $41,502.09
36 $41,502.09 $1,075.65 $0.00 $234.66 $42,812.40
37 $42,812.40 $1,075.65 $0.00 $242.07 $44,130.12
38 $44,130.12 $1,075.65 $0.00 $249.52 $45,455.29
39 $45,455.29 $1,075.65 $0.00 $257.01 $46,787.95
40 $46,787.95 $1,075.65 $0.00 $264.55 $48,128.15
41 $48,128.15 $1,075.65 $0.00 $272.12 $49,475.92
42 $49,475.92 $1,075.65 $0.00 $279.74 $50,831.31
43 $50,831.31 $1,075.65 $0.00 $287.41 $52,194.37
44 $52,194.37 $1,075.65 $0.00 $295.11 $53,565.13
45 $53,565.13 $1,075.65 $0.00 $302.87 $54,943.65
46 $54,943.65 $1,075.65 $0.00 $310.66 $56,329.96
47 $56,329.96 $1,075.65 $0.00 $318.50 $57,724.11
48 $57,724.11 $1,075.65 $0.00 $326.38 $59,126.14
49 $59,126.14 $1,075.65 $0.00 $334.31 $60,536.10
50 $60,536.10 $1,075.65 $0.00 $342.28 $61,954.03
51 $61,954.03 $1,075.65 $0.00 $350.30 $63,379.98
52 $63,379.98 $1,075.65 $0.00 $358.36 $64,813.99
53 $64,813.99 $1,075.65 $0.00 $366.47 $66,256.11
54 $66,256.11 $1,075.65 $0.00 $374.62 $67,706.38
55 $67,706.38 $1,075.65 $0.00 $382.82 $69,164.85
56 $69,164.85 $1,075.65 $0.00 $391.07 $70,631.57
57 $70,631.57 $1,075.65 $0.00 $399.36 $72,106.58
58 $72,106.58 $1,075.65 $0.00 $407.70 $73,589.93
59 $73,589.93 $1,075.65 $0.00 $416.09 $75,081.67
60 $75,081.67 $1,075.65 $0.00 $424.52 $76,581.84
61 $76,581.84 $1,075.65 $0.00 $433.00 $78,090.49
62 $78,090.49 $1,075.65 $0.00 $441.53 $79,607.67
63 $79,607.67 $1,075.65 $0.00 $450.11 $81,133.43
64 $81,133.43 $1,075.65 $0.00 $458.74 $82,667.82
65 $82,667.82 $1,075.65 $0.00 $467.42 $84,210.89
66 $84,210.89 $1,075.65 $0.00 $476.14 $85,762.68
67 $85,762.68 $1,075.65 $0.00 $484.91 $87,323.24
68 $87,323.24 $1,075.65 $0.00 $493.74 $88,892.63
69 $88,892.63 $1,075.65 $0.00 $502.61 $90,470.89
70 $90,470.89 $1,075.65 $0.00 $511.54 $92,058.08
71 $92,058.08 $1,075.65 $0.00 $520.51 $93,654.24
72 $93,654.24 $1,075.65 $0.00 $529.53 $95,259.42
73 $95,259.42 $1,075.65 $0.00 $538.61 $96,873.68
74 $96,873.68 $1,075.65 $0.00 $547.74 $98,497.07
75 $98,497.07 $1,075.65 $0.00 $556.92 $100,129.64
76 $100,129.64 $1,075.65 $0.00 $566.15 $101,771.44
77 $101,771.44 $1,075.65 $0.00 $575.43 $103,422.52
78 $103,422.52 $1,075.65 $0.00 $584.77 $105,082.94
79 $105,082.94 $1,075.65 $0.00 $594.15 $106,752.74
80 $106,752.74 $1,075.65 $0.00 $603.60 $108,431.99
81 $108,431.99 $1,075.65 $0.00 $613.09 $110,120.73
82 $110,120.73 $1,075.65 $0.00 $622.64 $111,819.02
83 $111,819.02 $1,075.65 $0.00 $632.24 $113,526.91
84 $113,526.91 $1,075.65 $0.00 $641.90 $115,244.46
85 $115,244.46 $1,075.65 $0.00 $651.61 $116,971.72
86 $116,971.72 $1,075.65 $0.00 $661.38 $118,708.75
87 $118,708.75 $1,075.65 $0.00 $671.20 $120,455.60
88 $120,455.60 $1,075.65 $0.00 $681.07 $122,212.32
89 $122,212.32 $1,075.65 $0.00 $691.01 $123,978.98
90 $123,978.98 $1,075.65 $0.00 $701.00 $125,755.63
91 $125,755.63 $1,075.65 $0.00 $711.04 $127,542.32
92 $127,542.32 $1,075.65 $0.00 $721.14 $129,339.11
93 $129,339.11 $1,075.65 $0.00 $731.30 $131,146.06
94 $131,146.06 $1,075.65 $0.00 $741.52 $132,963.23
95 $132,963.23 $1,075.65 $0.00 $751.79 $134,790.67
96 $134,790.67 $1,075.65 $0.00 $762.13 $136,628.45
97 $136,628.45 $1,075.65 $0.00 $772.52 $138,476.62
98 $138,476.62 $1,075.65 $0.00 $782.97 $140,335.24
99 $140,335.24 $1,075.65 $0.00 $793.48 $142,204.37
100 $142,204.37 $1,075.65 $0.00 $804.04 $144,084.06
101 $144,084.06 $1,075.65 $0.00 $814.67 $145,974.38
102 $145,974.38 $1,075.65 $0.00 $825.36 $147,875.39
103 $147,875.39 $1,075.65 $0.00 $836.11 $149,787.15
104 $149,787.15 $1,075.65 $0.00 $846.92 $151,709.72
105 $151,709.72 $1,075.65 $0.00 $857.79 $153,643.16
106 $153,643.16 $1,075.65 $0.00 $868.72 $155,587.53
107 $155,587.53 $1,075.65 $0.00 $879.71 $157,542.89
108 $157,542.89 $1,075.65 $0.00 $890.77 $159,509.31
109 $159,509.31 $1,075.65 $0.00 $901.89 $161,486.85
110 $161,486.85 $1,075.65 $0.00 $913.07 $163,475.57
111 $163,475.57 $1,075.65 $0.00 $924.31 $165,475.53
112 $165,475.53 $1,075.65 $0.00 $935.62 $167,486.80
113 $167,486.80 $1,075.65 $0.00 $946.99 $169,509.44
114 $169,509.44 $1,075.65 $0.00 $958.43 $171,543.52
115 $171,543.52 $1,075.65 $0.00 $969.93 $173,589.10
116 $173,589.10 $1,075.65 $0.00 $981.50 $175,646.25
117 $175,646.25 $1,075.65 $0.00 $993.13 $177,715.03
118 $177,715.03 $1,075.65 $0.00 $1,004.83 $179,795.51
119 $179,795.51 $1,075.65 $0.00 $1,016.59 $181,887.75
120 $181,887.75 $1,075.65 $0.00 $1,028.42 $183,991.82
121 $183,991.82 $1,075.65 $0.00 $1,040.32 $186,107.79
122 $186,107.79 $1,075.65 $0.00 $1,052.28 $188,235.72
123 $188,235.72 $1,075.65 $0.00 $1,064.31 $190,375.68
124 $190,375.68 $1,075.65 $0.00 $1,076.41 $192,527.74
125 $192,527.74 $1,075.65 $0.00 $1,088.58 $194,691.97
126 $194,691.97 $1,075.65 $0.00 $1,100.82 $196,868.44
127 $196,868.44 $1,075.65 $0.00 $1,113.12 $199,057.21
128 $199,057.21 $1,075.65 $0.00 $1,125.50 $201,258.36
129 $201,258.36 $1,075.65 $0.00 $1,137.94 $203,471.95
130 $203,471.95 $1,075.65 $0.00 $1,150.46 $205,698.06
131 $205,698.06 $1,075.65 $0.00 $1,163.05 $207,936.76
132 $207,936.76 $1,075.65 $0.00 $1,175.70 $210,188.11
133 $210,188.11 $1,075.65 $0.00 $1,188.43 $212,452.19
134 $212,452.19 $1,075.65 $0.00 $1,201.24 $214,729.08
135 $214,729.08 $1,075.65 $0.00 $1,214.11 $217,018.84
136 $217,018.84 $1,075.65 $0.00 $1,227.06 $219,321.55
137 $219,321.55 $1,075.65 $0.00 $1,240.08 $221,637.28
138 $221,637.28 $1,075.65 $0.00 $1,253.17 $223,966.10
139 $223,966.10 $1,075.65 $0.00 $1,266.34 $226,308.09
140 $226,308.09 $1,075.65 $0.00 $1,279.58 $228,663.32
141 $228,663.32 $1,075.65 $0.00 $1,292.90 $231,031.87
142 $231,031.87 $1,075.65 $0.00 $1,306.29 $233,413.81
143 $233,413.81 $1,075.65 $0.00 $1,319.76 $235,809.22
144 $235,809.22 $1,075.65 $0.00 $1,333.30 $238,218.17
145 $238,218.17 $1,075.65 $0.00 $1,346.92 $240,640.74
146 $240,640.74 $1,075.65 $0.00 $1,360.62 $243,077.01
147 $243,077.01 $1,075.65 $0.00 $1,374.39 $245,527.05
148 $245,527.05 $1,075.65 $0.00 $1,388.25 $247,990.95
149 $247,990.95 $1,075.65 $0.00 $1,402.18 $250,468.78
150 $250,468.78 $1,075.65 $0.00 $1,416.19 $252,960.62
151 $252,960.62 $1,075.65 $0.00 $1,430.28 $255,466.55
152 $255,466.55 $1,075.65 $0.00 $1,444.45 $257,986.65
153 $257,986.65 $1,075.65 $0.00 $1,458.69 $260,520.99
154 $260,520.99 $1,075.65 $0.00 $1,473.02 $263,069.66
155 $263,069.66 $1,075.65 $0.00 $1,487.43 $265,632.74
156 $265,632.74 $1,075.65 $0.00 $1,501.93 $268,210.32
157 $268,210.32 $1,075.65 $0.00 $1,516.50 $270,802.47
158 $270,802.47 $1,075.65 $0.00 $1,531.16 $273,409.28
159 $273,409.28 $1,075.65 $0.00 $1,545.90 $276,030.83
160 $276,030.83 $1,075.65 $0.00 $1,560.72 $278,667.20
161 $278,667.20 $1,075.65 $0.00 $1,575.62 $281,318.47
162 $281,318.47 $1,075.65 $0.00 $1,590.62 $283,984.74
163 $283,984.74 $1,075.65 $0.00 $1,605.69 $286,666.08
164 $286,666.08 $1,075.65 $0.00 $1,620.85 $289,362.58
165 $289,362.58 $1,075.65 $0.00 $1,636.10 $292,074.33
166 $292,074.33 $1,075.65 $0.00 $1,651.43 $294,801.41
167 $294,801.41 $1,075.65 $0.00 $1,666.85 $297,543.91
168 $297,543.91 $1,075.65 $0.00 $1,682.36 $300,301.92
169 $300,301.92 $1,075.65 $0.00 $1,697.95 $303,075.52
170 $303,075.52 $1,075.65 $0.00 $1,713.63 $305,864.80
171 $305,864.80 $1,075.65 $0.00 $1,729.40 $308,669.85
172 $308,669.85 $1,075.65 $0.00 $1,745.26 $311,490.76
173 $311,490.76 $1,075.65 $0.00 $1,761.21 $314,327.62
174 $314,327.62 $1,075.65 $0.00 $1,777.25 $317,180.52
175 $317,180.52 $1,075.65 $0.00 $1,793.38 $320,049.55
176 $320,049.55 $1,075.65 $0.00 $1,809.61 $322,934.81
177 $322,934.81 $1,075.65 $0.00 $1,825.92 $325,836.38
178 $325,836.38 $1,075.65 $0.00 $1,842.33 $328,754.36
179 $328,754.36 $1,075.65 $0.00 $1,858.82 $331,688.83
180 $331,688.83 $1,075.65 $0.00 $1,875.42 $334,639.90
181 $334,639.90 $1,075.65 $0.00 $1,892.10 $337,607.65
182 $337,607.65 $1,075.65 $0.00 $1,908.88 $340,592.18
183 $340,592.18 $1,075.65 $0.00 $1,925.76 $343,593.59
184 $343,593.59 $1,075.65 $0.00 $1,942.73 $346,611.97
185 $346,611.97 $1,075.65 $0.00 $1,959.79 $349,647.41
186 $349,647.41 $1,075.65 $0.00 $1,976.96 $352,700.02
187 $352,700.02 $1,075.65 $0.00 $1,994.22 $355,769.89
188 $355,769.89 $1,075.65 $0.00 $2,011.57 $358,857.11
189 $358,857.11 $1,075.65 $0.00 $2,029.03 $361,961.79
190 $361,961.79 $1,075.65 $0.00 $2,046.58 $365,084.02
191 $365,084.02 $1,075.65 $0.00 $2,064.24 $368,223.91
192 $368,223.91 $1,075.65 $0.00 $2,081.99 $371,381.55
193 $371,381.55 $1,075.65 $0.00 $2,099.85 $374,557.05
194 $374,557.05 $1,075.65 $0.00 $2,117.80 $377,750.50
195 $377,750.50 $1,075.65 $0.00 $2,135.86 $380,962.01
196 $380,962.01 $1,075.65 $0.00 $2,154.01 $384,191.67
197 $384,191.67 $1,075.65 $0.00 $2,172.28 $387,439.60
198 $387,439.60 $1,075.65 $0.00 $2,190.64 $390,705.89
199 $390,705.89 $1,075.65 $0.00 $2,209.11 $393,990.65
200 $393,990.65 $1,075.65 $0.00 $2,227.68 $397,293.98
201 $397,293.98 $1,075.65 $0.00 $2,246.36 $400,615.99
202 $400,615.99 $1,075.65 $0.00 $2,265.14 $403,956.78
203 $403,956.78 $1,075.65 $0.00 $2,284.03 $407,316.46
204 $407,316.46 $1,075.65 $0.00 $2,303.03 $410,695.14
205 $410,695.14 $1,075.65 $0.00 $2,322.13 $414,092.92
206 $414,092.92 $1,075.65 $0.00 $2,341.34 $417,509.91
207 $417,509.91 $1,075.65 $0.00 $2,360.66 $420,946.22
208 $420,946.22 $1,075.65 $0.00 $2,380.09 $424,401.96
209 $424,401.96 $1,075.65 $0.00 $2,399.63 $427,877.24
210 $427,877.24 $1,075.65 $0.00 $2,419.28 $431,372.17
211 $431,372.17 $1,075.65 $0.00 $2,439.04 $434,886.86
212 $434,886.86 $1,075.65 $0.00 $2,458.91 $438,421.42
213 $438,421.42 $1,075.65 $0.00 $2,478.90 $441,975.97
214 $441,975.97 $1,075.65 $0.00 $2,499.00 $445,550.62
215 $445,550.62 $1,075.65 $0.00 $2,519.21 $449,145.48
216 $449,145.48 $1,075.65 $0.00 $2,539.53 $452,760.66
217 $452,760.66 $1,075.65 $122,617.18 $2,559.97 $333,779.10
218 $333,779.10 $1,075.65 $0.00 $1,887.24 $336,741.99
219 $336,741.99 $1,075.65 $0.00 $1,903.99 $339,721.63
220 $339,721.63 $1,075.65 $0.00 $1,920.84 $342,718.12
221 $342,718.12 $1,075.65 $0.00 $1,937.78 $345,731.55
222 $345,731.55 $1,075.65 $0.00 $1,954.82 $348,762.02
223 $348,762.02 $1,075.65 $0.00 $1,971.95 $351,809.62
224 $351,809.62 $1,075.65 $0.00 $1,989.18 $354,874.45
225 $354,874.45 $1,075.65 $0.00 $2,006.51 $357,956.61
226 $357,956.61 $1,075.65 $0.00 $2,023.94 $361,056.20
227 $361,056.20 $1,075.65 $0.00 $2,041.46 $364,173.31
228 $364,173.31 $1,075.65 $0.00 $2,059.09 $367,308.05
229 $367,308.05 $1,075.65 $131,200.39 $2,076.81 $239,260.12
230 $239,260.12 $1,075.65 $0.00 $1,352.81 $241,688.58
231 $241,688.58 $1,075.65 $0.00 $1,366.54 $244,130.77
232 $244,130.77 $1,075.65 $0.00 $1,380.35 $246,586.77
233 $246,586.77 $1,075.65 $0.00 $1,394.24 $249,056.66
234 $249,056.66 $1,075.65 $0.00 $1,408.20 $251,540.51
235 $251,540.51 $1,075.65 $0.00 $1,422.25 $254,038.41
236 $254,038.41 $1,075.65 $0.00 $1,436.37 $256,550.43
237 $256,550.43 $1,075.65 $0.00 $1,450.57 $259,076.65
238 $259,076.65 $1,075.65 $0.00 $1,464.86 $261,617.16
239 $261,617.16 $1,075.65 $0.00 $1,479.22 $264,172.03
240 $264,172.03 $1,075.65 $0.00 $1,493.67 $266,741.35
241 $266,741.35 $1,075.65 $140,384.41 $1,508.19 $128,940.78
242 $128,940.78 $1,075.65 $0.00 $729.05 $130,745.48
243 $130,745.48 $1,075.65 $0.00 $739.25 $132,560.38
244 $132,560.38 $1,075.65 $0.00 $749.52 $134,385.55
245 $134,385.55 $1,075.65 $0.00 $759.84 $136,221.04
246 $136,221.04 $1,075.65 $0.00 $770.21 $138,066.90
247 $138,066.90 $1,075.65 $0.00 $780.65 $139,923.20
248 $139,923.20 $1,075.65 $0.00 $791.15 $141,790.00
249 $141,790.00 $1,075.65 $0.00 $801.70 $143,667.35
250 $143,667.35 $1,075.65 $0.00 $812.32 $145,555.32
251 $145,555.32 $1,075.65 $0.00 $822.99 $147,453.96
252 $147,453.96 $1,075.65 $0.00 $833.73 $149,363.34
253 $149,363.34 $0.00 $150,211.32 $844.52 -$3.46