Savings Plan and Future Cost Estimation for Concordia College Selma

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$103,621
Monthly savings required$819

How much will it cost to send your child to Concordia College Selma in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $414,485.24 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $818.95 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$27,620.00
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 $818.95 $0.00 $0.00 $818.95
2 $818.95 $818.95 $0.00 $4.63 $1,642.53
3 $1,642.53 $818.95 $0.00 $9.29 $2,470.77
4 $2,470.77 $818.95 $0.00 $13.97 $3,303.69
5 $3,303.69 $818.95 $0.00 $18.68 $4,141.32
6 $4,141.32 $818.95 $0.00 $23.42 $4,983.69
7 $4,983.69 $818.95 $0.00 $28.18 $5,830.82
8 $5,830.82 $818.95 $0.00 $32.97 $6,682.74
9 $6,682.74 $818.95 $0.00 $37.79 $7,539.48
10 $7,539.48 $818.95 $0.00 $42.63 $8,401.06
11 $8,401.06 $818.95 $0.00 $47.50 $9,267.51
12 $9,267.51 $818.95 $0.00 $52.40 $10,138.86
13 $10,138.86 $818.95 $0.00 $57.33 $11,015.14
14 $11,015.14 $818.95 $0.00 $62.28 $11,896.37
15 $11,896.37 $818.95 $0.00 $67.26 $12,782.58
16 $12,782.58 $818.95 $0.00 $72.27 $13,673.80
17 $13,673.80 $818.95 $0.00 $77.31 $14,570.06
18 $14,570.06 $818.95 $0.00 $82.38 $15,471.39
19 $15,471.39 $818.95 $0.00 $87.48 $16,377.82
20 $16,377.82 $818.95 $0.00 $92.60 $17,289.37
21 $17,289.37 $818.95 $0.00 $97.76 $18,206.08
22 $18,206.08 $818.95 $0.00 $102.94 $19,127.97
23 $19,127.97 $818.95 $0.00 $108.15 $20,055.07
24 $20,055.07 $818.95 $0.00 $113.39 $20,987.41
25 $20,987.41 $818.95 $0.00 $118.67 $21,925.03
26 $21,925.03 $818.95 $0.00 $123.97 $22,867.95
27 $22,867.95 $818.95 $0.00 $129.30 $23,816.20
28 $23,816.20 $818.95 $0.00 $134.66 $24,769.81
29 $24,769.81 $818.95 $0.00 $140.05 $25,728.81
30 $25,728.81 $818.95 $0.00 $145.47 $26,693.23
31 $26,693.23 $818.95 $0.00 $150.93 $27,663.11
32 $27,663.11 $818.95 $0.00 $156.41 $28,638.47
33 $28,638.47 $818.95 $0.00 $161.93 $29,619.35
34 $29,619.35 $818.95 $0.00 $167.47 $30,605.77
35 $30,605.77 $818.95 $0.00 $173.05 $31,597.77
36 $31,597.77 $818.95 $0.00 $178.66 $32,595.38
37 $32,595.38 $818.95 $0.00 $184.30 $33,598.63
38 $33,598.63 $818.95 $0.00 $189.97 $34,607.55
39 $34,607.55 $818.95 $0.00 $195.68 $35,622.18
40 $35,622.18 $818.95 $0.00 $201.41 $36,642.54
41 $36,642.54 $818.95 $0.00 $207.18 $37,668.67
42 $37,668.67 $818.95 $0.00 $212.98 $38,700.60
43 $38,700.60 $818.95 $0.00 $218.82 $39,738.37
44 $39,738.37 $818.95 $0.00 $224.69 $40,782.01
45 $40,782.01 $818.95 $0.00 $230.59 $41,831.55
46 $41,831.55 $818.95 $0.00 $236.52 $42,887.02
47 $42,887.02 $818.95 $0.00 $242.49 $43,948.46
48 $43,948.46 $818.95 $0.00 $248.49 $45,015.90
49 $45,015.90 $818.95 $0.00 $254.53 $46,089.38
50 $46,089.38 $818.95 $0.00 $260.60 $47,168.93
51 $47,168.93 $818.95 $0.00 $266.70 $48,254.58
52 $48,254.58 $818.95 $0.00 $272.84 $49,346.37
53 $49,346.37 $818.95 $0.00 $279.01 $50,444.33
54 $50,444.33 $818.95 $0.00 $285.22 $51,548.50
55 $51,548.50 $818.95 $0.00 $291.46 $52,658.91
56 $52,658.91 $818.95 $0.00 $297.74 $53,775.60
57 $53,775.60 $818.95 $0.00 $304.06 $54,898.61
58 $54,898.61 $818.95 $0.00 $310.40 $56,027.96
59 $56,027.96 $818.95 $0.00 $316.79 $57,163.70
60 $57,163.70 $818.95 $0.00 $323.21 $58,305.86
61 $58,305.86 $818.95 $0.00 $329.67 $59,454.48
62 $59,454.48 $818.95 $0.00 $336.16 $60,609.59
63 $60,609.59 $818.95 $0.00 $342.70 $61,771.24
64 $61,771.24 $818.95 $0.00 $349.26 $62,939.45
65 $62,939.45 $818.95 $0.00 $355.87 $64,114.27
66 $64,114.27 $818.95 $0.00 $362.51 $65,295.73
67 $65,295.73 $818.95 $0.00 $369.19 $66,483.87
68 $66,483.87 $818.95 $0.00 $375.91 $67,678.73
69 $67,678.73 $818.95 $0.00 $382.67 $68,880.35
70 $68,880.35 $818.95 $0.00 $389.46 $70,088.76
71 $70,088.76 $818.95 $0.00 $396.29 $71,304.00
72 $71,304.00 $818.95 $0.00 $403.16 $72,526.11
73 $72,526.11 $818.95 $0.00 $410.07 $73,755.13
74 $73,755.13 $818.95 $0.00 $417.02 $74,991.10
75 $74,991.10 $818.95 $0.00 $424.01 $76,234.06
76 $76,234.06 $818.95 $0.00 $431.04 $77,484.05
77 $77,484.05 $818.95 $0.00 $438.11 $78,741.11
78 $78,741.11 $818.95 $0.00 $445.21 $80,005.27
79 $80,005.27 $818.95 $0.00 $452.36 $81,276.58
80 $81,276.58 $818.95 $0.00 $459.55 $82,555.08
81 $82,555.08 $818.95 $0.00 $466.78 $83,840.81
82 $83,840.81 $818.95 $0.00 $474.05 $85,133.81
83 $85,133.81 $818.95 $0.00 $481.36 $86,434.12
84 $86,434.12 $818.95 $0.00 $488.71 $87,741.78
85 $87,741.78 $818.95 $0.00 $496.10 $89,056.83
86 $89,056.83 $818.95 $0.00 $503.54 $90,379.32
87 $90,379.32 $818.95 $0.00 $511.02 $91,709.29
88 $91,709.29 $818.95 $0.00 $518.54 $93,046.78
89 $93,046.78 $818.95 $0.00 $526.10 $94,391.83
90 $94,391.83 $818.95 $0.00 $533.71 $95,744.49
91 $95,744.49 $818.95 $0.00 $541.35 $97,104.79
92 $97,104.79 $818.95 $0.00 $549.04 $98,472.78
93 $98,472.78 $818.95 $0.00 $556.78 $99,848.51
94 $99,848.51 $818.95 $0.00 $564.56 $101,232.02
95 $101,232.02 $818.95 $0.00 $572.38 $102,623.35
96 $102,623.35 $818.95 $0.00 $580.25 $104,022.55
97 $104,022.55 $818.95 $0.00 $588.16 $105,429.66
98 $105,429.66 $818.95 $0.00 $596.11 $106,844.72
99 $106,844.72 $818.95 $0.00 $604.12 $108,267.79
100 $108,267.79 $818.95 $0.00 $612.16 $109,698.90
101 $109,698.90 $818.95 $0.00 $620.25 $111,138.10
102 $111,138.10 $818.95 $0.00 $628.39 $112,585.44
103 $112,585.44 $818.95 $0.00 $636.57 $114,040.96
104 $114,040.96 $818.95 $0.00 $644.80 $115,504.71
105 $115,504.71 $818.95 $0.00 $653.08 $116,976.74
106 $116,976.74 $818.95 $0.00 $661.40 $118,457.09
107 $118,457.09 $818.95 $0.00 $669.77 $119,945.81
108 $119,945.81 $818.95 $0.00 $678.19 $121,442.95
109 $121,442.95 $818.95 $0.00 $686.66 $122,948.56
110 $122,948.56 $818.95 $0.00 $695.17 $124,462.68
111 $124,462.68 $818.95 $0.00 $703.73 $125,985.36
112 $125,985.36 $818.95 $0.00 $712.34 $127,516.65
113 $127,516.65 $818.95 $0.00 $721.00 $129,056.60
114 $129,056.60 $818.95 $0.00 $729.70 $130,605.25
115 $130,605.25 $818.95 $0.00 $738.46 $132,162.66
116 $132,162.66 $818.95 $0.00 $747.27 $133,728.88
117 $133,728.88 $818.95 $0.00 $756.12 $135,303.95
118 $135,303.95 $818.95 $0.00 $765.03 $136,887.93
119 $136,887.93 $818.95 $0.00 $773.98 $138,480.86
120 $138,480.86 $818.95 $0.00 $782.99 $140,082.80
121 $140,082.80 $818.95 $0.00 $792.05 $141,693.80
122 $141,693.80 $818.95 $0.00 $801.16 $143,313.91
123 $143,313.91 $818.95 $0.00 $810.32 $144,943.18
124 $144,943.18 $818.95 $0.00 $819.53 $146,581.66
125 $146,581.66 $818.95 $0.00 $828.79 $148,229.40
126 $148,229.40 $818.95 $0.00 $838.11 $149,886.46
127 $149,886.46 $818.95 $0.00 $847.48 $151,552.89
128 $151,552.89 $818.95 $0.00 $856.90 $153,228.74
129 $153,228.74 $818.95 $0.00 $866.38 $154,914.07
130 $154,914.07 $818.95 $0.00 $875.91 $156,608.93
131 $156,608.93 $818.95 $0.00 $885.49 $158,313.37
132 $158,313.37 $818.95 $0.00 $895.13 $160,027.45
133 $160,027.45 $818.95 $0.00 $904.82 $161,751.22
134 $161,751.22 $818.95 $0.00 $914.56 $163,484.73
135 $163,484.73 $818.95 $0.00 $924.37 $165,228.05
136 $165,228.05 $818.95 $0.00 $934.22 $166,981.22
137 $166,981.22 $818.95 $0.00 $944.14 $168,744.31
138 $168,744.31 $818.95 $0.00 $954.10 $170,517.36
139 $170,517.36 $818.95 $0.00 $964.13 $172,300.44
140 $172,300.44 $818.95 $0.00 $974.21 $174,093.60
141 $174,093.60 $818.95 $0.00 $984.35 $175,896.90
142 $175,896.90 $818.95 $0.00 $994.55 $177,710.40
143 $177,710.40 $818.95 $0.00 $1,004.80 $179,534.15
144 $179,534.15 $818.95 $0.00 $1,015.11 $181,368.21
145 $181,368.21 $818.95 $0.00 $1,025.48 $183,212.64
146 $183,212.64 $818.95 $0.00 $1,035.91 $185,067.50
147 $185,067.50 $818.95 $0.00 $1,046.40 $186,932.85
148 $186,932.85 $818.95 $0.00 $1,056.95 $188,808.75
149 $188,808.75 $818.95 $0.00 $1,067.55 $190,695.25
150 $190,695.25 $818.95 $0.00 $1,078.22 $192,592.42
151 $192,592.42 $818.95 $0.00 $1,088.95 $194,500.32
152 $194,500.32 $818.95 $0.00 $1,099.73 $196,419.00
153 $196,419.00 $818.95 $0.00 $1,110.58 $198,348.53
154 $198,348.53 $818.95 $0.00 $1,121.49 $200,288.97
155 $200,288.97 $818.95 $0.00 $1,132.46 $202,240.38
156 $202,240.38 $818.95 $0.00 $1,143.50 $204,202.83
157 $204,202.83 $818.95 $0.00 $1,154.59 $206,176.37
158 $206,176.37 $818.95 $0.00 $1,165.75 $208,161.07
159 $208,161.07 $818.95 $0.00 $1,176.97 $210,156.99
160 $210,156.99 $818.95 $0.00 $1,188.26 $212,164.20
161 $212,164.20 $818.95 $0.00 $1,199.61 $214,182.76
162 $214,182.76 $818.95 $0.00 $1,211.02 $216,212.73
163 $216,212.73 $818.95 $0.00 $1,222.50 $218,254.18
164 $218,254.18 $818.95 $0.00 $1,234.04 $220,307.17
165 $220,307.17 $818.95 $0.00 $1,245.65 $222,371.77
166 $222,371.77 $818.95 $0.00 $1,257.32 $224,448.04
167 $224,448.04 $818.95 $0.00 $1,269.06 $226,536.05
168 $226,536.05 $818.95 $0.00 $1,280.87 $228,635.87
169 $228,635.87 $818.95 $0.00 $1,292.74 $230,747.56
170 $230,747.56 $818.95 $0.00 $1,304.68 $232,871.19
171 $232,871.19 $818.95 $0.00 $1,316.69 $235,006.83
172 $235,006.83 $818.95 $0.00 $1,328.76 $237,154.54
173 $237,154.54 $818.95 $0.00 $1,340.91 $239,314.40
174 $239,314.40 $818.95 $0.00 $1,353.12 $241,486.47
175 $241,486.47 $818.95 $0.00 $1,365.40 $243,670.82
176 $243,670.82 $818.95 $0.00 $1,377.75 $245,867.52
177 $245,867.52 $818.95 $0.00 $1,390.17 $248,076.64
178 $248,076.64 $818.95 $0.00 $1,402.66 $250,298.25
179 $250,298.25 $818.95 $0.00 $1,415.22 $252,532.42
180 $252,532.42 $818.95 $0.00 $1,427.86 $254,779.23
181 $254,779.23 $818.95 $0.00 $1,440.56 $257,038.74
182 $257,038.74 $818.95 $0.00 $1,453.33 $259,311.02
183 $259,311.02 $818.95 $0.00 $1,466.18 $261,596.15
184 $261,596.15 $818.95 $0.00 $1,479.10 $263,894.20
185 $263,894.20 $818.95 $0.00 $1,492.10 $266,205.25
186 $266,205.25 $818.95 $0.00 $1,505.16 $268,529.36
187 $268,529.36 $818.95 $0.00 $1,518.30 $270,866.61
188 $270,866.61 $818.95 $0.00 $1,531.52 $273,217.08
189 $273,217.08 $818.95 $0.00 $1,544.81 $275,580.84
190 $275,580.84 $818.95 $0.00 $1,558.17 $277,957.96
191 $277,957.96 $818.95 $0.00 $1,571.61 $280,348.52
192 $280,348.52 $818.95 $0.00 $1,585.13 $282,752.60
193 $282,752.60 $818.95 $0.00 $1,598.72 $285,170.27
194 $285,170.27 $818.95 $0.00 $1,612.39 $287,601.61
195 $287,601.61 $818.95 $0.00 $1,626.14 $290,046.70
196 $290,046.70 $818.95 $0.00 $1,639.97 $292,505.62
197 $292,505.62 $818.95 $0.00 $1,653.87 $294,978.44
198 $294,978.44 $818.95 $0.00 $1,667.85 $297,465.24
199 $297,465.24 $818.95 $0.00 $1,681.91 $299,966.10
200 $299,966.10 $818.95 $0.00 $1,696.05 $302,481.10
201 $302,481.10 $818.95 $0.00 $1,710.27 $305,010.32
202 $305,010.32 $818.95 $0.00 $1,724.57 $307,553.84
203 $307,553.84 $818.95 $0.00 $1,738.95 $310,111.74
204 $310,111.74 $818.95 $0.00 $1,753.42 $312,684.11
205 $312,684.11 $818.95 $0.00 $1,767.96 $315,271.02
206 $315,271.02 $818.95 $0.00 $1,782.59 $317,872.56
207 $317,872.56 $818.95 $0.00 $1,797.30 $320,488.81
208 $320,488.81 $818.95 $0.00 $1,812.09 $323,119.85
209 $323,119.85 $818.95 $0.00 $1,826.97 $325,765.77
210 $325,765.77 $818.95 $0.00 $1,841.93 $328,426.65
211 $328,426.65 $818.95 $0.00 $1,856.97 $331,102.57
212 $331,102.57 $818.95 $0.00 $1,872.10 $333,793.62
213 $333,793.62 $818.95 $0.00 $1,887.32 $336,499.89
214 $336,499.89 $818.95 $0.00 $1,902.62 $339,221.46
215 $339,221.46 $818.95 $0.00 $1,918.01 $341,958.42
216 $341,958.42 $818.95 $0.00 $1,933.48 $344,710.85
217 $344,710.85 $818.95 $93,353.73 $1,949.05 $254,125.12
218 $254,125.12 $818.95 $0.00 $1,436.86 $256,380.93
219 $256,380.93 $818.95 $0.00 $1,449.62 $258,649.50
220 $258,649.50 $818.95 $0.00 $1,462.44 $260,930.89
221 $260,930.89 $818.95 $0.00 $1,475.34 $263,225.18
222 $263,225.18 $818.95 $0.00 $1,488.31 $265,532.44
223 $265,532.44 $818.95 $0.00 $1,501.36 $267,852.75
224 $267,852.75 $818.95 $0.00 $1,514.48 $270,186.18
225 $270,186.18 $818.95 $0.00 $1,527.67 $272,532.80
226 $272,532.80 $818.95 $0.00 $1,540.94 $274,892.69
227 $274,892.69 $818.95 $0.00 $1,554.28 $277,265.92
228 $277,265.92 $818.95 $0.00 $1,567.70 $279,652.57
229 $279,652.57 $818.95 $99,888.49 $1,581.20 $182,164.23
230 $182,164.23 $818.95 $0.00 $1,029.98 $184,013.16
231 $184,013.16 $818.95 $0.00 $1,040.44 $185,872.55
232 $185,872.55 $818.95 $0.00 $1,050.95 $187,742.45
233 $187,742.45 $818.95 $0.00 $1,061.52 $189,622.92
234 $189,622.92 $818.95 $0.00 $1,072.16 $191,514.03
235 $191,514.03 $818.95 $0.00 $1,082.85 $193,415.83
236 $193,415.83 $818.95 $0.00 $1,093.60 $195,328.38
237 $195,328.38 $818.95 $0.00 $1,104.42 $197,251.75
238 $197,251.75 $818.95 $0.00 $1,115.29 $199,185.99
239 $199,185.99 $818.95 $0.00 $1,126.23 $201,131.17
240 $201,131.17 $818.95 $0.00 $1,137.22 $203,087.34
241 $203,087.34 $818.95 $106,880.68 $1,148.29 $98,173.90
242 $98,173.90 $818.95 $0.00 $555.09 $99,547.94
243 $99,547.94 $818.95 $0.00 $562.86 $100,929.75
244 $100,929.75 $818.95 $0.00 $570.67 $102,319.37
245 $102,319.37 $818.95 $0.00 $578.53 $103,716.85
246 $103,716.85 $818.95 $0.00 $586.43 $105,122.23
247 $105,122.23 $818.95 $0.00 $594.38 $106,535.56
248 $106,535.56 $818.95 $0.00 $602.37 $107,956.88
249 $107,956.88 $818.95 $0.00 $610.40 $109,386.23
250 $109,386.23 $818.95 $0.00 $618.49 $110,823.67
251 $110,823.67 $818.95 $0.00 $626.61 $112,269.23
252 $112,269.23 $818.95 $0.00 $634.79 $113,722.97
253 $113,722.97 $0.00 $114,362.33 $643.01 $3.65