Savings Plan and Future Cost Estimation for Faulkner University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$97,479
Monthly savings required$772

How much will it cost to send your child to Faulkner University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $389,914.67 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $771.62 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$37,590.00
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 $771.62 $0.00 $0.00 $771.62
2 $771.62 $771.62 $0.00 $4.36 $1,547.60
3 $1,547.60 $771.62 $0.00 $8.75 $2,327.97
4 $2,327.97 $771.62 $0.00 $13.16 $3,112.75
5 $3,112.75 $771.62 $0.00 $17.60 $3,901.97
6 $3,901.97 $771.62 $0.00 $22.06 $4,695.65
7 $4,695.65 $771.62 $0.00 $26.55 $5,493.82
8 $5,493.82 $771.62 $0.00 $31.06 $6,296.50
9 $6,296.50 $771.62 $0.00 $35.60 $7,103.72
10 $7,103.72 $771.62 $0.00 $40.17 $7,915.51
11 $7,915.51 $771.62 $0.00 $44.76 $8,731.89
12 $8,731.89 $771.62 $0.00 $49.37 $9,552.88
13 $9,552.88 $771.62 $0.00 $54.01 $10,378.51
14 $10,378.51 $771.62 $0.00 $58.68 $11,208.81
15 $11,208.81 $771.62 $0.00 $63.38 $12,043.81
16 $12,043.81 $771.62 $0.00 $68.10 $12,883.53
17 $12,883.53 $771.62 $0.00 $72.85 $13,728.00
18 $13,728.00 $771.62 $0.00 $77.62 $14,577.24
19 $14,577.24 $771.62 $0.00 $82.42 $15,431.28
20 $15,431.28 $771.62 $0.00 $87.25 $16,290.15
21 $16,290.15 $771.62 $0.00 $92.11 $17,153.88
22 $17,153.88 $771.62 $0.00 $96.99 $18,022.49
23 $18,022.49 $771.62 $0.00 $101.90 $18,896.01
24 $18,896.01 $771.62 $0.00 $106.84 $19,774.47
25 $19,774.47 $771.62 $0.00 $111.81 $20,657.90
26 $20,657.90 $771.62 $0.00 $116.80 $21,546.32
27 $21,546.32 $771.62 $0.00 $121.83 $22,439.77
28 $22,439.77 $771.62 $0.00 $126.88 $23,338.27
29 $23,338.27 $771.62 $0.00 $131.96 $24,241.85
30 $24,241.85 $771.62 $0.00 $137.07 $25,150.54
31 $25,150.54 $771.62 $0.00 $142.20 $26,064.36
32 $26,064.36 $771.62 $0.00 $147.37 $26,983.35
33 $26,983.35 $771.62 $0.00 $152.57 $27,907.54
34 $27,907.54 $771.62 $0.00 $157.79 $28,836.95
35 $28,836.95 $771.62 $0.00 $163.05 $29,771.62
36 $29,771.62 $771.62 $0.00 $168.33 $30,711.57
37 $30,711.57 $771.62 $0.00 $173.65 $31,656.84
38 $31,656.84 $771.62 $0.00 $178.99 $32,607.45
39 $32,607.45 $771.62 $0.00 $184.37 $33,563.44
40 $33,563.44 $771.62 $0.00 $189.77 $34,524.83
41 $34,524.83 $771.62 $0.00 $195.21 $35,491.66
42 $35,491.66 $771.62 $0.00 $200.68 $36,463.96
43 $36,463.96 $771.62 $0.00 $206.17 $37,441.75
44 $37,441.75 $771.62 $0.00 $211.70 $38,425.07
45 $38,425.07 $771.62 $0.00 $217.26 $39,413.95
46 $39,413.95 $771.62 $0.00 $222.85 $40,408.42
47 $40,408.42 $771.62 $0.00 $228.48 $41,408.52
48 $41,408.52 $771.62 $0.00 $234.13 $42,414.27
49 $42,414.27 $771.62 $0.00 $239.82 $43,425.71
50 $43,425.71 $771.62 $0.00 $245.54 $44,442.87
51 $44,442.87 $771.62 $0.00 $251.29 $45,465.78
52 $45,465.78 $771.62 $0.00 $257.07 $46,494.47
53 $46,494.47 $771.62 $0.00 $262.89 $47,528.98
54 $47,528.98 $771.62 $0.00 $268.74 $48,569.34
55 $48,569.34 $771.62 $0.00 $274.62 $49,615.58
56 $49,615.58 $771.62 $0.00 $280.53 $50,667.73
57 $50,667.73 $771.62 $0.00 $286.48 $51,725.83
58 $51,725.83 $771.62 $0.00 $292.47 $52,789.92
59 $52,789.92 $771.62 $0.00 $298.48 $53,860.02
60 $53,860.02 $771.62 $0.00 $304.53 $54,936.17
61 $54,936.17 $771.62 $0.00 $310.62 $56,018.41
62 $56,018.41 $771.62 $0.00 $316.74 $57,106.77
63 $57,106.77 $771.62 $0.00 $322.89 $58,201.28
64 $58,201.28 $771.62 $0.00 $329.08 $59,301.98
65 $59,301.98 $771.62 $0.00 $335.30 $60,408.90
66 $60,408.90 $771.62 $0.00 $341.56 $61,522.08
67 $61,522.08 $771.62 $0.00 $347.85 $62,641.55
68 $62,641.55 $771.62 $0.00 $354.18 $63,767.35
69 $63,767.35 $771.62 $0.00 $360.55 $64,899.52
70 $64,899.52 $771.62 $0.00 $366.95 $66,038.09
71 $66,038.09 $771.62 $0.00 $373.39 $67,183.10
72 $67,183.10 $771.62 $0.00 $379.86 $68,334.58
73 $68,334.58 $771.62 $0.00 $386.37 $69,492.57
74 $69,492.57 $771.62 $0.00 $392.92 $70,657.11
75 $70,657.11 $771.62 $0.00 $399.51 $71,828.24
76 $71,828.24 $771.62 $0.00 $406.13 $73,005.99
77 $73,005.99 $771.62 $0.00 $412.79 $74,190.40
78 $74,190.40 $771.62 $0.00 $419.48 $75,381.50
79 $75,381.50 $771.62 $0.00 $426.22 $76,579.34
80 $76,579.34 $771.62 $0.00 $432.99 $77,783.95
81 $77,783.95 $771.62 $0.00 $439.80 $78,995.37
82 $78,995.37 $771.62 $0.00 $446.65 $80,213.64
83 $80,213.64 $771.62 $0.00 $453.54 $81,438.80
84 $81,438.80 $771.62 $0.00 $460.47 $82,670.89
85 $82,670.89 $771.62 $0.00 $467.43 $83,909.94
86 $83,909.94 $771.62 $0.00 $474.44 $85,156.00
87 $85,156.00 $771.62 $0.00 $481.48 $86,409.10
88 $86,409.10 $771.62 $0.00 $488.57 $87,669.29
89 $87,669.29 $771.62 $0.00 $495.69 $88,936.60
90 $88,936.60 $771.62 $0.00 $502.86 $90,211.08
91 $90,211.08 $771.62 $0.00 $510.07 $91,492.77
92 $91,492.77 $771.62 $0.00 $517.31 $92,781.70
93 $92,781.70 $771.62 $0.00 $524.60 $94,077.92
94 $94,077.92 $771.62 $0.00 $531.93 $95,381.47
95 $95,381.47 $771.62 $0.00 $539.30 $96,692.39
96 $96,692.39 $771.62 $0.00 $546.71 $98,010.72
97 $98,010.72 $771.62 $0.00 $554.17 $99,336.51
98 $99,336.51 $771.62 $0.00 $561.66 $100,669.79
99 $100,669.79 $771.62 $0.00 $569.20 $102,010.61
100 $102,010.61 $771.62 $0.00 $576.78 $103,359.01
101 $103,359.01 $771.62 $0.00 $584.41 $104,715.04
102 $104,715.04 $771.62 $0.00 $592.07 $106,078.73
103 $106,078.73 $771.62 $0.00 $599.78 $107,450.13
104 $107,450.13 $771.62 $0.00 $607.54 $108,829.29
105 $108,829.29 $771.62 $0.00 $615.34 $110,216.25
106 $110,216.25 $771.62 $0.00 $623.18 $111,611.05
107 $111,611.05 $771.62 $0.00 $631.07 $113,013.74
108 $113,013.74 $771.62 $0.00 $639.00 $114,424.36
109 $114,424.36 $771.62 $0.00 $646.97 $115,842.95
110 $115,842.95 $771.62 $0.00 $654.99 $117,269.56
111 $117,269.56 $771.62 $0.00 $663.06 $118,704.24
112 $118,704.24 $771.62 $0.00 $671.17 $120,147.03
113 $120,147.03 $771.62 $0.00 $679.33 $121,597.98
114 $121,597.98 $771.62 $0.00 $687.53 $123,057.13
115 $123,057.13 $771.62 $0.00 $695.78 $124,524.53
116 $124,524.53 $771.62 $0.00 $704.08 $126,000.23
117 $126,000.23 $771.62 $0.00 $712.42 $127,484.27
118 $127,484.27 $771.62 $0.00 $720.81 $128,976.70
119 $128,976.70 $771.62 $0.00 $729.25 $130,477.57
120 $130,477.57 $771.62 $0.00 $737.74 $131,986.93
121 $131,986.93 $771.62 $0.00 $746.27 $133,504.82
122 $133,504.82 $771.62 $0.00 $754.86 $135,031.30
123 $135,031.30 $771.62 $0.00 $763.49 $136,566.41
124 $136,566.41 $771.62 $0.00 $772.17 $138,110.20
125 $138,110.20 $771.62 $0.00 $780.90 $139,662.72
126 $139,662.72 $771.62 $0.00 $789.67 $141,224.01
127 $141,224.01 $771.62 $0.00 $798.50 $142,794.13
128 $142,794.13 $771.62 $0.00 $807.38 $144,373.13
129 $144,373.13 $771.62 $0.00 $816.31 $145,961.06
130 $145,961.06 $771.62 $0.00 $825.29 $147,557.97
131 $147,557.97 $771.62 $0.00 $834.31 $149,163.90
132 $149,163.90 $771.62 $0.00 $843.39 $150,778.91
133 $150,778.91 $771.62 $0.00 $852.53 $152,403.06
134 $152,403.06 $771.62 $0.00 $861.71 $154,036.39
135 $154,036.39 $771.62 $0.00 $870.94 $155,678.95
136 $155,678.95 $771.62 $0.00 $880.23 $157,330.80
137 $157,330.80 $771.62 $0.00 $889.57 $158,991.99
138 $158,991.99 $771.62 $0.00 $898.96 $160,662.57
139 $160,662.57 $771.62 $0.00 $908.41 $162,342.60
140 $162,342.60 $771.62 $0.00 $917.91 $164,032.13
141 $164,032.13 $771.62 $0.00 $927.46 $165,731.21
142 $165,731.21 $771.62 $0.00 $937.07 $167,439.90
143 $167,439.90 $771.62 $0.00 $946.73 $169,158.25
144 $169,158.25 $771.62 $0.00 $956.45 $170,886.32
145 $170,886.32 $771.62 $0.00 $966.22 $172,624.16
146 $172,624.16 $771.62 $0.00 $976.04 $174,371.82
147 $174,371.82 $771.62 $0.00 $985.92 $176,129.36
148 $176,129.36 $771.62 $0.00 $995.86 $177,896.84
149 $177,896.84 $771.62 $0.00 $1,005.85 $179,674.31
150 $179,674.31 $771.62 $0.00 $1,015.90 $181,461.83
151 $181,461.83 $771.62 $0.00 $1,026.01 $183,259.46
152 $183,259.46 $771.62 $0.00 $1,036.18 $185,067.26
153 $185,067.26 $771.62 $0.00 $1,046.40 $186,885.28
154 $186,885.28 $771.62 $0.00 $1,056.68 $188,713.58
155 $188,713.58 $771.62 $0.00 $1,067.01 $190,552.21
156 $190,552.21 $771.62 $0.00 $1,077.41 $192,401.24
157 $192,401.24 $771.62 $0.00 $1,087.86 $194,260.72
158 $194,260.72 $771.62 $0.00 $1,098.38 $196,130.72
159 $196,130.72 $771.62 $0.00 $1,108.95 $198,011.29
160 $198,011.29 $771.62 $0.00 $1,119.58 $199,902.49
161 $199,902.49 $771.62 $0.00 $1,130.28 $201,804.39
162 $201,804.39 $771.62 $0.00 $1,141.03 $203,717.04
163 $203,717.04 $771.62 $0.00 $1,151.85 $205,640.51
164 $205,640.51 $771.62 $0.00 $1,162.72 $207,574.85
165 $207,574.85 $771.62 $0.00 $1,173.66 $209,520.13
166 $209,520.13 $771.62 $0.00 $1,184.66 $211,476.41
167 $211,476.41 $771.62 $0.00 $1,195.72 $213,443.75
168 $213,443.75 $771.62 $0.00 $1,206.84 $215,422.21
169 $215,422.21 $771.62 $0.00 $1,218.03 $217,411.86
170 $217,411.86 $771.62 $0.00 $1,229.28 $219,412.76
171 $219,412.76 $771.62 $0.00 $1,240.59 $221,424.97
172 $221,424.97 $771.62 $0.00 $1,251.97 $223,448.56
173 $223,448.56 $771.62 $0.00 $1,263.41 $225,483.59
174 $225,483.59 $771.62 $0.00 $1,274.92 $227,530.13
175 $227,530.13 $771.62 $0.00 $1,286.49 $229,588.24
176 $229,588.24 $771.62 $0.00 $1,298.13 $231,657.99
177 $231,657.99 $771.62 $0.00 $1,309.83 $233,739.44
178 $233,739.44 $771.62 $0.00 $1,321.60 $235,832.66
179 $235,832.66 $771.62 $0.00 $1,333.43 $237,937.71
180 $237,937.71 $771.62 $0.00 $1,345.33 $240,054.66
181 $240,054.66 $771.62 $0.00 $1,357.30 $242,183.58
182 $242,183.58 $771.62 $0.00 $1,369.34 $244,324.54
183 $244,324.54 $771.62 $0.00 $1,381.45 $246,477.61
184 $246,477.61 $771.62 $0.00 $1,393.62 $248,642.85
185 $248,642.85 $771.62 $0.00 $1,405.86 $250,820.33
186 $250,820.33 $771.62 $0.00 $1,418.17 $253,010.12
187 $253,010.12 $771.62 $0.00 $1,430.56 $255,212.30
188 $255,212.30 $771.62 $0.00 $1,443.01 $257,426.93
189 $257,426.93 $771.62 $0.00 $1,455.53 $259,654.08
190 $259,654.08 $771.62 $0.00 $1,468.12 $261,893.82
191 $261,893.82 $771.62 $0.00 $1,480.79 $264,146.23
192 $264,146.23 $771.62 $0.00 $1,493.52 $266,411.37
193 $266,411.37 $771.62 $0.00 $1,506.33 $268,689.32
194 $268,689.32 $771.62 $0.00 $1,519.21 $270,980.15
195 $270,980.15 $771.62 $0.00 $1,532.16 $273,283.93
196 $273,283.93 $771.62 $0.00 $1,545.19 $275,600.74
197 $275,600.74 $771.62 $0.00 $1,558.29 $277,930.65
198 $277,930.65 $771.62 $0.00 $1,571.46 $280,273.73
199 $280,273.73 $771.62 $0.00 $1,584.71 $282,630.06
200 $282,630.06 $771.62 $0.00 $1,598.03 $284,999.71
201 $284,999.71 $771.62 $0.00 $1,611.43 $287,382.76
202 $287,382.76 $771.62 $0.00 $1,624.90 $289,779.28
203 $289,779.28 $771.62 $0.00 $1,638.45 $292,189.35
204 $292,189.35 $771.62 $0.00 $1,652.08 $294,613.05
205 $294,613.05 $771.62 $0.00 $1,665.79 $297,050.46
206 $297,050.46 $771.62 $0.00 $1,679.57 $299,501.65
207 $299,501.65 $771.62 $0.00 $1,693.43 $301,966.70
208 $301,966.70 $771.62 $0.00 $1,707.36 $304,445.68
209 $304,445.68 $771.62 $0.00 $1,721.38 $306,938.68
210 $306,938.68 $771.62 $0.00 $1,735.48 $309,445.78
211 $309,445.78 $771.62 $0.00 $1,749.65 $311,967.05
212 $311,967.05 $771.62 $0.00 $1,763.91 $314,502.58
213 $314,502.58 $771.62 $0.00 $1,778.24 $317,052.44
214 $317,052.44 $771.62 $0.00 $1,792.66 $319,616.72
215 $319,616.72 $771.62 $0.00 $1,807.16 $322,195.50
216 $322,195.50 $771.62 $0.00 $1,821.74 $324,788.86
217 $324,788.86 $771.62 $90,464.82 $1,836.40 $236,932.06
218 $236,932.06 $771.62 $0.00 $1,339.65 $239,043.33
219 $239,043.33 $771.62 $0.00 $1,351.59 $241,166.54
220 $241,166.54 $771.62 $0.00 $1,363.59 $243,301.75
221 $243,301.75 $771.62 $0.00 $1,375.66 $245,449.03
222 $245,449.03 $771.62 $0.00 $1,387.80 $247,608.45
223 $247,608.45 $771.62 $0.00 $1,400.01 $249,780.08
224 $249,780.08 $771.62 $0.00 $1,412.29 $251,963.99
225 $251,963.99 $771.62 $0.00 $1,424.64 $254,160.25
226 $254,160.25 $771.62 $0.00 $1,437.06 $256,368.93
227 $256,368.93 $771.62 $0.00 $1,449.55 $258,590.10
228 $258,590.10 $771.62 $0.00 $1,462.11 $260,823.83
229 $260,823.83 $771.62 $94,988.06 $1,474.74 $168,082.13
230 $168,082.13 $771.62 $0.00 $950.36 $169,804.11
231 $169,804.11 $771.62 $0.00 $960.10 $171,535.83
232 $171,535.83 $771.62 $0.00 $969.89 $173,277.34
233 $173,277.34 $771.62 $0.00 $979.74 $175,028.70
234 $175,028.70 $771.62 $0.00 $989.64 $176,789.96
235 $176,789.96 $771.62 $0.00 $999.60 $178,561.18
236 $178,561.18 $771.62 $0.00 $1,009.61 $180,342.41
237 $180,342.41 $771.62 $0.00 $1,019.68 $182,133.71
238 $182,133.71 $771.62 $0.00 $1,029.81 $183,935.14
239 $183,935.14 $771.62 $0.00 $1,040.00 $185,746.76
240 $185,746.76 $771.62 $0.00 $1,050.24 $187,568.62
241 $187,568.62 $771.62 $99,737.46 $1,060.54 $89,663.32
242 $89,663.32 $771.62 $0.00 $506.97 $90,941.91
243 $90,941.91 $771.62 $0.00 $514.20 $92,227.73
244 $92,227.73 $771.62 $0.00 $521.47 $93,520.82
245 $93,520.82 $771.62 $0.00 $528.78 $94,821.22
246 $94,821.22 $771.62 $0.00 $536.13 $96,128.97
247 $96,128.97 $771.62 $0.00 $543.53 $97,444.12
248 $97,444.12 $771.62 $0.00 $550.96 $98,766.70
249 $98,766.70 $771.62 $0.00 $558.44 $100,096.76
250 $100,096.76 $771.62 $0.00 $565.96 $101,434.34
251 $101,434.34 $771.62 $0.00 $573.52 $102,779.48
252 $102,779.48 $771.62 $0.00 $581.13 $104,132.23
253 $104,132.23 $0.00 $104,724.33 $588.78 ($3.32)