Savings Plan and Future Cost Estimation for Amridge University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$49,401
Monthly savings required$391

How much will it cost to send your child to Amridge University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $197,602.41 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $391.05 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$19,050.00
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 $391.05 $0.00 $0.00 $391.05
2 $391.05 $391.05 $0.00 $2.21 $784.31
3 $784.31 $391.05 $0.00 $4.43 $1,179.79
4 $1,179.79 $391.05 $0.00 $6.67 $1,577.51
5 $1,577.51 $391.05 $0.00 $8.92 $1,977.48
6 $1,977.48 $391.05 $0.00 $11.18 $2,379.71
7 $2,379.71 $391.05 $0.00 $13.46 $2,784.22
8 $2,784.22 $391.05 $0.00 $15.74 $3,191.01
9 $3,191.01 $391.05 $0.00 $18.04 $3,600.10
10 $3,600.10 $391.05 $0.00 $20.36 $4,011.51
11 $4,011.51 $391.05 $0.00 $22.68 $4,425.24
12 $4,425.24 $391.05 $0.00 $25.02 $4,841.31
13 $4,841.31 $391.05 $0.00 $27.37 $5,259.73
14 $5,259.73 $391.05 $0.00 $29.74 $5,680.52
15 $5,680.52 $391.05 $0.00 $32.12 $6,103.69
16 $6,103.69 $391.05 $0.00 $34.51 $6,529.25
17 $6,529.25 $391.05 $0.00 $36.92 $6,957.22
18 $6,957.22 $391.05 $0.00 $39.34 $7,387.61
19 $7,387.61 $391.05 $0.00 $41.77 $7,820.43
20 $7,820.43 $391.05 $0.00 $44.22 $8,255.70
21 $8,255.70 $391.05 $0.00 $46.68 $8,693.43
22 $8,693.43 $391.05 $0.00 $49.15 $9,133.63
23 $9,133.63 $391.05 $0.00 $51.64 $9,576.32
24 $9,576.32 $391.05 $0.00 $54.15 $10,021.52
25 $10,021.52 $391.05 $0.00 $56.66 $10,469.23
26 $10,469.23 $391.05 $0.00 $59.19 $10,919.47
27 $10,919.47 $391.05 $0.00 $61.74 $11,372.26
28 $11,372.26 $391.05 $0.00 $64.30 $11,827.61
29 $11,827.61 $391.05 $0.00 $66.88 $12,285.54
30 $12,285.54 $391.05 $0.00 $69.46 $12,746.05
31 $12,746.05 $391.05 $0.00 $72.07 $13,209.17
32 $13,209.17 $391.05 $0.00 $74.69 $13,674.91
33 $13,674.91 $391.05 $0.00 $77.32 $14,143.28
34 $14,143.28 $391.05 $0.00 $79.97 $14,614.30
35 $14,614.30 $391.05 $0.00 $82.63 $15,087.98
36 $15,087.98 $391.05 $0.00 $85.31 $15,564.34
37 $15,564.34 $391.05 $0.00 $88.00 $16,043.39
38 $16,043.39 $391.05 $0.00 $90.71 $16,525.15
39 $16,525.15 $391.05 $0.00 $93.44 $17,009.64
40 $17,009.64 $391.05 $0.00 $96.17 $17,496.86
41 $17,496.86 $391.05 $0.00 $98.93 $17,986.84
42 $17,986.84 $391.05 $0.00 $101.70 $18,479.59
43 $18,479.59 $391.05 $0.00 $104.49 $18,975.13
44 $18,975.13 $391.05 $0.00 $107.29 $19,473.47
45 $19,473.47 $391.05 $0.00 $110.11 $19,974.63
46 $19,974.63 $391.05 $0.00 $112.94 $20,478.62
47 $20,478.62 $391.05 $0.00 $115.79 $20,985.46
48 $20,985.46 $391.05 $0.00 $118.65 $21,495.16
49 $21,495.16 $391.05 $0.00 $121.54 $22,007.75
50 $22,007.75 $391.05 $0.00 $124.44 $22,523.24
51 $22,523.24 $391.05 $0.00 $127.35 $23,041.64
52 $23,041.64 $391.05 $0.00 $130.28 $23,562.97
53 $23,562.97 $391.05 $0.00 $133.23 $24,087.25
54 $24,087.25 $391.05 $0.00 $136.19 $24,614.49
55 $24,614.49 $391.05 $0.00 $139.17 $25,144.71
56 $25,144.71 $391.05 $0.00 $142.17 $25,677.93
57 $25,677.93 $391.05 $0.00 $145.19 $26,214.17
58 $26,214.17 $391.05 $0.00 $148.22 $26,753.44
59 $26,753.44 $391.05 $0.00 $151.27 $27,295.76
60 $27,295.76 $391.05 $0.00 $154.33 $27,841.14
61 $27,841.14 $391.05 $0.00 $157.42 $28,389.61
62 $28,389.61 $391.05 $0.00 $160.52 $28,941.18
63 $28,941.18 $391.05 $0.00 $163.64 $29,495.87
64 $29,495.87 $391.05 $0.00 $166.77 $30,053.69
65 $30,053.69 $391.05 $0.00 $169.93 $30,614.67
66 $30,614.67 $391.05 $0.00 $173.10 $31,178.82
67 $31,178.82 $391.05 $0.00 $176.29 $31,746.16
68 $31,746.16 $391.05 $0.00 $179.50 $32,316.71
69 $32,316.71 $391.05 $0.00 $182.72 $32,890.48
70 $32,890.48 $391.05 $0.00 $185.97 $33,467.50
71 $33,467.50 $391.05 $0.00 $189.23 $34,047.78
72 $34,047.78 $391.05 $0.00 $192.51 $34,631.34
73 $34,631.34 $391.05 $0.00 $195.81 $35,218.20
74 $35,218.20 $391.05 $0.00 $199.13 $35,808.38
75 $35,808.38 $391.05 $0.00 $202.47 $36,401.90
76 $36,401.90 $391.05 $0.00 $205.82 $36,998.77
77 $36,998.77 $391.05 $0.00 $209.20 $37,599.02
78 $37,599.02 $391.05 $0.00 $212.59 $38,202.66
79 $38,202.66 $391.05 $0.00 $216.00 $38,809.71
80 $38,809.71 $391.05 $0.00 $219.44 $39,420.20
81 $39,420.20 $391.05 $0.00 $222.89 $40,034.14
82 $40,034.14 $391.05 $0.00 $226.36 $40,651.55
83 $40,651.55 $391.05 $0.00 $229.85 $41,272.45
84 $41,272.45 $391.05 $0.00 $233.36 $41,896.86
85 $41,896.86 $391.05 $0.00 $236.89 $42,524.80
86 $42,524.80 $391.05 $0.00 $240.44 $43,156.29
87 $43,156.29 $391.05 $0.00 $244.01 $43,791.35
88 $43,791.35 $391.05 $0.00 $247.60 $44,430.00
89 $44,430.00 $391.05 $0.00 $251.21 $45,072.26
90 $45,072.26 $391.05 $0.00 $254.85 $45,718.16
91 $45,718.16 $391.05 $0.00 $258.50 $46,367.71
92 $46,367.71 $391.05 $0.00 $262.17 $47,020.93
93 $47,020.93 $391.05 $0.00 $265.86 $47,677.84
94 $47,677.84 $391.05 $0.00 $269.58 $48,338.47
95 $48,338.47 $391.05 $0.00 $273.31 $49,002.83
96 $49,002.83 $391.05 $0.00 $277.07 $49,670.95
97 $49,670.95 $391.05 $0.00 $280.85 $50,342.85
98 $50,342.85 $391.05 $0.00 $284.65 $51,018.55
99 $51,018.55 $391.05 $0.00 $288.47 $51,698.07
100 $51,698.07 $391.05 $0.00 $292.31 $52,381.43
101 $52,381.43 $391.05 $0.00 $296.17 $53,068.65
102 $53,068.65 $391.05 $0.00 $300.06 $53,759.76
103 $53,759.76 $391.05 $0.00 $303.97 $54,454.78
104 $54,454.78 $391.05 $0.00 $307.90 $55,153.73
105 $55,153.73 $391.05 $0.00 $311.85 $55,856.63
106 $55,856.63 $391.05 $0.00 $315.82 $56,563.50
107 $56,563.50 $391.05 $0.00 $319.82 $57,274.37
108 $57,274.37 $391.05 $0.00 $323.84 $57,989.26
109 $57,989.26 $391.05 $0.00 $327.88 $58,708.19
110 $58,708.19 $391.05 $0.00 $331.94 $59,431.18
111 $59,431.18 $391.05 $0.00 $336.03 $60,158.26
112 $60,158.26 $391.05 $0.00 $340.14 $60,889.45
113 $60,889.45 $391.05 $0.00 $344.28 $61,624.78
114 $61,624.78 $391.05 $0.00 $348.44 $62,364.27
115 $62,364.27 $391.05 $0.00 $352.62 $63,107.94
116 $63,107.94 $391.05 $0.00 $356.82 $63,855.81
117 $63,855.81 $391.05 $0.00 $361.05 $64,607.91
118 $64,607.91 $391.05 $0.00 $365.30 $65,364.26
119 $65,364.26 $391.05 $0.00 $369.58 $66,124.89
120 $66,124.89 $391.05 $0.00 $373.88 $66,889.82
121 $66,889.82 $391.05 $0.00 $378.20 $67,659.07
122 $67,659.07 $391.05 $0.00 $382.55 $68,432.67
123 $68,432.67 $391.05 $0.00 $386.93 $69,210.65
124 $69,210.65 $391.05 $0.00 $391.33 $69,993.03
125 $69,993.03 $391.05 $0.00 $395.75 $70,779.83
126 $70,779.83 $391.05 $0.00 $400.20 $71,571.08
127 $71,571.08 $391.05 $0.00 $404.67 $72,366.80
128 $72,366.80 $391.05 $0.00 $409.17 $73,167.02
129 $73,167.02 $391.05 $0.00 $413.70 $73,971.77
130 $73,971.77 $391.05 $0.00 $418.25 $74,781.07
131 $74,781.07 $391.05 $0.00 $422.82 $75,594.94
132 $75,594.94 $391.05 $0.00 $427.42 $76,413.41
133 $76,413.41 $391.05 $0.00 $432.05 $77,236.51
134 $77,236.51 $391.05 $0.00 $436.71 $78,064.27
135 $78,064.27 $391.05 $0.00 $441.39 $78,896.71
136 $78,896.71 $391.05 $0.00 $446.09 $79,733.85
137 $79,733.85 $391.05 $0.00 $450.83 $80,575.73
138 $80,575.73 $391.05 $0.00 $455.59 $81,422.37
139 $81,422.37 $391.05 $0.00 $460.37 $82,273.79
140 $82,273.79 $391.05 $0.00 $465.19 $83,130.03
141 $83,130.03 $391.05 $0.00 $470.03 $83,991.11
142 $83,991.11 $391.05 $0.00 $474.90 $84,857.06
143 $84,857.06 $391.05 $0.00 $479.79 $85,727.90
144 $85,727.90 $391.05 $0.00 $484.72 $86,603.67
145 $86,603.67 $391.05 $0.00 $489.67 $87,484.39
146 $87,484.39 $391.05 $0.00 $494.65 $88,370.09
147 $88,370.09 $391.05 $0.00 $499.66 $89,260.80
148 $89,260.80 $391.05 $0.00 $504.69 $90,156.54
149 $90,156.54 $391.05 $0.00 $509.76 $91,057.35
150 $91,057.35 $391.05 $0.00 $514.85 $91,963.25
151 $91,963.25 $391.05 $0.00 $519.97 $92,874.27
152 $92,874.27 $391.05 $0.00 $525.12 $93,790.44
153 $93,790.44 $391.05 $0.00 $530.30 $94,711.79
154 $94,711.79 $391.05 $0.00 $535.51 $95,638.35
155 $95,638.35 $391.05 $0.00 $540.75 $96,570.15
156 $96,570.15 $391.05 $0.00 $546.02 $97,507.22
157 $97,507.22 $391.05 $0.00 $551.32 $98,449.59
158 $98,449.59 $391.05 $0.00 $556.65 $99,397.29
159 $99,397.29 $391.05 $0.00 $562.01 $100,350.35
160 $100,350.35 $391.05 $0.00 $567.40 $101,308.80
161 $101,308.80 $391.05 $0.00 $572.81 $102,272.66
162 $102,272.66 $391.05 $0.00 $578.26 $103,241.97
163 $103,241.97 $391.05 $0.00 $583.75 $104,216.77
164 $104,216.77 $391.05 $0.00 $589.26 $105,197.08
165 $105,197.08 $391.05 $0.00 $594.80 $106,182.93
166 $106,182.93 $391.05 $0.00 $600.37 $107,174.35
167 $107,174.35 $391.05 $0.00 $605.98 $108,171.38
168 $108,171.38 $391.05 $0.00 $611.62 $109,174.05
169 $109,174.05 $391.05 $0.00 $617.29 $110,182.39
170 $110,182.39 $391.05 $0.00 $622.99 $111,196.43
171 $111,196.43 $391.05 $0.00 $628.72 $112,216.20
172 $112,216.20 $391.05 $0.00 $634.49 $113,241.74
173 $113,241.74 $391.05 $0.00 $640.29 $114,273.08
174 $114,273.08 $391.05 $0.00 $646.12 $115,310.25
175 $115,310.25 $391.05 $0.00 $651.98 $116,353.28
176 $116,353.28 $391.05 $0.00 $657.88 $117,402.21
177 $117,402.21 $391.05 $0.00 $663.81 $118,457.07
178 $118,457.07 $391.05 $0.00 $669.77 $119,517.89
179 $119,517.89 $391.05 $0.00 $675.77 $120,584.71
180 $120,584.71 $391.05 $0.00 $681.80 $121,657.56
181 $121,657.56 $391.05 $0.00 $687.87 $122,736.48
182 $122,736.48 $391.05 $0.00 $693.97 $123,821.50
183 $123,821.50 $391.05 $0.00 $700.10 $124,912.65
184 $124,912.65 $391.05 $0.00 $706.27 $126,009.97
185 $126,009.97 $391.05 $0.00 $712.48 $127,113.50
186 $127,113.50 $391.05 $0.00 $718.72 $128,223.27
187 $128,223.27 $391.05 $0.00 $724.99 $129,339.31
188 $129,339.31 $391.05 $0.00 $731.30 $130,461.66
189 $130,461.66 $391.05 $0.00 $737.65 $131,590.36
190 $131,590.36 $391.05 $0.00 $744.03 $132,725.44
191 $132,725.44 $391.05 $0.00 $750.45 $133,866.94
192 $133,866.94 $391.05 $0.00 $756.90 $135,014.89
193 $135,014.89 $391.05 $0.00 $763.39 $136,169.33
194 $136,169.33 $391.05 $0.00 $769.92 $137,330.30
195 $137,330.30 $391.05 $0.00 $776.49 $138,497.84
196 $138,497.84 $391.05 $0.00 $783.09 $139,671.98
197 $139,671.98 $391.05 $0.00 $789.73 $140,852.76
198 $140,852.76 $391.05 $0.00 $796.40 $142,040.21
199 $142,040.21 $391.05 $0.00 $803.12 $143,234.38
200 $143,234.38 $391.05 $0.00 $809.87 $144,435.30
201 $144,435.30 $391.05 $0.00 $816.66 $145,643.01
202 $145,643.01 $391.05 $0.00 $823.49 $146,857.55
203 $146,857.55 $391.05 $0.00 $830.35 $148,078.95
204 $148,078.95 $391.05 $0.00 $837.26 $149,307.26
205 $149,307.26 $391.05 $0.00 $844.20 $150,542.51
206 $150,542.51 $391.05 $0.00 $851.19 $151,784.75
207 $151,784.75 $391.05 $0.00 $858.21 $153,034.01
208 $153,034.01 $391.05 $0.00 $865.28 $154,290.34
209 $154,290.34 $391.05 $0.00 $872.38 $155,553.77
210 $155,553.77 $391.05 $0.00 $879.52 $156,824.34
211 $156,824.34 $391.05 $0.00 $886.71 $158,102.10
212 $158,102.10 $391.05 $0.00 $893.93 $159,387.08
213 $159,387.08 $391.05 $0.00 $901.20 $160,679.33
214 $160,679.33 $391.05 $0.00 $908.50 $161,978.88
215 $161,978.88 $391.05 $0.00 $915.85 $163,285.78
216 $163,285.78 $391.05 $0.00 $923.24 $164,600.07
217 $164,600.07 $391.05 $45,846.10 $930.67 $120,075.69
218 $120,075.69 $391.05 $0.00 $678.93 $121,145.67
219 $121,145.67 $391.05 $0.00 $684.98 $122,221.70
220 $122,221.70 $391.05 $0.00 $691.06 $123,303.81
221 $123,303.81 $391.05 $0.00 $697.18 $124,392.04
222 $124,392.04 $391.05 $0.00 $703.33 $125,486.42
223 $125,486.42 $391.05 $0.00 $709.52 $126,586.99
224 $126,586.99 $391.05 $0.00 $715.74 $127,693.78
225 $127,693.78 $391.05 $0.00 $722.00 $128,806.83
226 $128,806.83 $391.05 $0.00 $728.29 $129,926.17
227 $129,926.17 $391.05 $0.00 $734.62 $131,051.84
228 $131,051.84 $391.05 $0.00 $740.99 $132,183.88
229 $132,183.88 $391.05 $48,138.40 $747.39 $85,183.92
230 $85,183.92 $391.05 $0.00 $481.64 $86,056.61
231 $86,056.61 $391.05 $0.00 $486.58 $86,934.24
232 $86,934.24 $391.05 $0.00 $491.54 $87,816.83
233 $87,816.83 $391.05 $0.00 $496.53 $88,704.41
234 $88,704.41 $391.05 $0.00 $501.55 $89,597.01
235 $89,597.01 $391.05 $0.00 $506.59 $90,494.65
236 $90,494.65 $391.05 $0.00 $511.67 $91,397.37
237 $91,397.37 $391.05 $0.00 $516.77 $92,305.19
238 $92,305.19 $391.05 $0.00 $521.91 $93,218.15
239 $93,218.15 $391.05 $0.00 $527.07 $94,136.27
240 $94,136.27 $391.05 $0.00 $532.26 $95,059.58
241 $95,059.58 $391.05 $50,545.32 $537.48 $45,442.79
242 $45,442.79 $391.05 $0.00 $256.94 $46,090.78
243 $46,090.78 $391.05 $0.00 $260.60 $46,742.43
244 $46,742.43 $391.05 $0.00 $264.29 $47,397.77
245 $47,397.77 $391.05 $0.00 $267.99 $48,056.81
246 $48,056.81 $391.05 $0.00 $271.72 $48,719.58
247 $48,719.58 $391.05 $0.00 $275.47 $49,386.10
248 $49,386.10 $391.05 $0.00 $279.24 $50,056.39
249 $50,056.39 $391.05 $0.00 $283.03 $50,730.47
250 $50,730.47 $391.05 $0.00 $286.84 $51,408.36
251 $51,408.36 $391.05 $0.00 $290.67 $52,090.08
252 $52,090.08 $391.05 $0.00 $294.52 $52,775.65
253 $52,775.65 $0.00 $53,072.59 $298.40 $1.46