Savings Plan and Future Cost Estimation for Alaska Bible College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$50,492
Monthly savings required$400

How much will it cost to send your child to Alaska Bible College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $201,969.37 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $399.69 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$19,471.00
Years until enrollment18
Annual Tuition Increase5%
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 $399.69 $0.00 $0.00 $399.69
2 $399.69 $399.69 $0.00 $2.26 $801.64
3 $801.64 $399.69 $0.00 $4.53 $1,205.86
4 $1,205.86 $399.69 $0.00 $6.82 $1,612.37
5 $1,612.37 $399.69 $0.00 $9.12 $2,021.18
6 $2,021.18 $399.69 $0.00 $11.43 $2,432.30
7 $2,432.30 $399.69 $0.00 $13.75 $2,845.74
8 $2,845.74 $399.69 $0.00 $16.09 $3,261.52
9 $3,261.52 $399.69 $0.00 $18.44 $3,679.65
10 $3,679.65 $399.69 $0.00 $20.81 $4,100.15
11 $4,100.15 $399.69 $0.00 $23.18 $4,523.02
12 $4,523.02 $399.69 $0.00 $25.57 $4,948.28
13 $4,948.28 $399.69 $0.00 $27.98 $5,375.95
14 $5,375.95 $399.69 $0.00 $30.40 $5,806.04
15 $5,806.04 $399.69 $0.00 $32.83 $6,238.56
16 $6,238.56 $399.69 $0.00 $35.27 $6,673.52
17 $6,673.52 $399.69 $0.00 $37.73 $7,110.94
18 $7,110.94 $399.69 $0.00 $40.21 $7,550.84
19 $7,550.84 $399.69 $0.00 $42.69 $7,993.22
20 $7,993.22 $399.69 $0.00 $45.19 $8,438.10
21 $8,438.10 $399.69 $0.00 $47.71 $8,885.50
22 $8,885.50 $399.69 $0.00 $50.24 $9,335.43
23 $9,335.43 $399.69 $0.00 $52.78 $9,787.90
24 $9,787.90 $399.69 $0.00 $55.34 $10,242.93
25 $10,242.93 $399.69 $0.00 $57.92 $10,700.54
26 $10,700.54 $399.69 $0.00 $60.50 $11,160.73
27 $11,160.73 $399.69 $0.00 $63.10 $11,623.52
28 $11,623.52 $399.69 $0.00 $65.72 $12,088.93
29 $12,088.93 $399.69 $0.00 $68.35 $12,556.97
30 $12,556.97 $399.69 $0.00 $71.00 $13,027.66
31 $13,027.66 $399.69 $0.00 $73.66 $13,501.01
32 $13,501.01 $399.69 $0.00 $76.34 $13,977.04
33 $13,977.04 $399.69 $0.00 $79.03 $14,455.76
34 $14,455.76 $399.69 $0.00 $81.73 $14,937.18
35 $14,937.18 $399.69 $0.00 $84.46 $15,421.33
36 $15,421.33 $399.69 $0.00 $87.19 $15,908.21
37 $15,908.21 $399.69 $0.00 $89.95 $16,397.85
38 $16,397.85 $399.69 $0.00 $92.72 $16,890.26
39 $16,890.26 $399.69 $0.00 $95.50 $17,385.45
40 $17,385.45 $399.69 $0.00 $98.30 $17,883.44
41 $17,883.44 $399.69 $0.00 $101.12 $18,384.25
42 $18,384.25 $399.69 $0.00 $103.95 $18,887.89
43 $18,887.89 $399.69 $0.00 $106.79 $19,394.37
44 $19,394.37 $399.69 $0.00 $109.66 $19,903.72
45 $19,903.72 $399.69 $0.00 $112.54 $20,415.95
46 $20,415.95 $399.69 $0.00 $115.43 $20,931.07
47 $20,931.07 $399.69 $0.00 $118.35 $21,449.11
48 $21,449.11 $399.69 $0.00 $121.28 $21,970.08
49 $21,970.08 $399.69 $0.00 $124.22 $22,493.99
50 $22,493.99 $399.69 $0.00 $127.18 $23,020.86
51 $23,020.86 $399.69 $0.00 $130.16 $23,550.71
52 $23,550.71 $399.69 $0.00 $133.16 $24,083.56
53 $24,083.56 $399.69 $0.00 $136.17 $24,619.42
54 $24,619.42 $399.69 $0.00 $139.20 $25,158.31
55 $25,158.31 $399.69 $0.00 $142.25 $25,700.25
56 $25,700.25 $399.69 $0.00 $145.31 $26,245.25
57 $26,245.25 $399.69 $0.00 $148.39 $26,793.33
58 $26,793.33 $399.69 $0.00 $151.49 $27,344.51
59 $27,344.51 $399.69 $0.00 $154.61 $27,898.81
60 $27,898.81 $399.69 $0.00 $157.74 $28,456.24
61 $28,456.24 $399.69 $0.00 $160.90 $29,016.83
62 $29,016.83 $399.69 $0.00 $164.07 $29,580.59
63 $29,580.59 $399.69 $0.00 $167.25 $30,147.53
64 $30,147.53 $399.69 $0.00 $170.46 $30,717.68
65 $30,717.68 $399.69 $0.00 $173.68 $31,291.05
66 $31,291.05 $399.69 $0.00 $176.92 $31,867.66
67 $31,867.66 $399.69 $0.00 $180.18 $32,447.53
68 $32,447.53 $399.69 $0.00 $183.46 $33,030.68
69 $33,030.68 $399.69 $0.00 $186.76 $33,617.13
70 $33,617.13 $399.69 $0.00 $190.08 $34,206.90
71 $34,206.90 $399.69 $0.00 $193.41 $34,800.00
72 $34,800.00 $399.69 $0.00 $196.76 $35,396.45
73 $35,396.45 $399.69 $0.00 $200.14 $35,996.28
74 $35,996.28 $399.69 $0.00 $203.53 $36,599.50
75 $36,599.50 $399.69 $0.00 $206.94 $37,206.13
76 $37,206.13 $399.69 $0.00 $210.37 $37,816.19
77 $37,816.19 $399.69 $0.00 $213.82 $38,429.70
78 $38,429.70 $399.69 $0.00 $217.29 $39,046.68
79 $39,046.68 $399.69 $0.00 $220.78 $39,667.15
80 $39,667.15 $399.69 $0.00 $224.28 $40,291.12
81 $40,291.12 $399.69 $0.00 $227.81 $40,918.62
82 $40,918.62 $399.69 $0.00 $231.36 $41,549.67
83 $41,549.67 $399.69 $0.00 $234.93 $42,184.29
84 $42,184.29 $399.69 $0.00 $238.52 $42,822.50
85 $42,822.50 $399.69 $0.00 $242.12 $43,464.31
86 $43,464.31 $399.69 $0.00 $245.75 $44,109.75
87 $44,109.75 $399.69 $0.00 $249.40 $44,758.84
88 $44,758.84 $399.69 $0.00 $253.07 $45,411.60
89 $45,411.60 $399.69 $0.00 $256.76 $46,068.05
90 $46,068.05 $399.69 $0.00 $260.48 $46,728.22
91 $46,728.22 $399.69 $0.00 $264.21 $47,392.12
92 $47,392.12 $399.69 $0.00 $267.96 $48,059.77
93 $48,059.77 $399.69 $0.00 $271.74 $48,731.20
94 $48,731.20 $399.69 $0.00 $275.53 $49,406.42
95 $49,406.42 $399.69 $0.00 $279.35 $50,085.46
96 $50,085.46 $399.69 $0.00 $283.19 $50,768.34
97 $50,768.34 $399.69 $0.00 $287.05 $51,455.08
98 $51,455.08 $399.69 $0.00 $290.93 $52,145.70
99 $52,145.70 $399.69 $0.00 $294.84 $52,840.23
100 $52,840.23 $399.69 $0.00 $298.77 $53,538.69
101 $53,538.69 $399.69 $0.00 $302.72 $54,241.10
102 $54,241.10 $399.69 $0.00 $306.69 $54,947.48
103 $54,947.48 $399.69 $0.00 $310.68 $55,657.85
104 $55,657.85 $399.69 $0.00 $314.70 $56,372.24
105 $56,372.24 $399.69 $0.00 $318.74 $57,090.67
106 $57,090.67 $399.69 $0.00 $322.80 $57,813.16
107 $57,813.16 $399.69 $0.00 $326.88 $58,539.73
108 $58,539.73 $399.69 $0.00 $330.99 $59,270.41
109 $59,270.41 $399.69 $0.00 $335.12 $60,005.22
110 $60,005.22 $399.69 $0.00 $339.28 $60,744.19
111 $60,744.19 $399.69 $0.00 $343.46 $61,487.34
112 $61,487.34 $399.69 $0.00 $347.66 $62,234.69
113 $62,234.69 $399.69 $0.00 $351.88 $62,986.26
114 $62,986.26 $399.69 $0.00 $356.13 $63,742.08
115 $63,742.08 $399.69 $0.00 $360.41 $64,502.18
116 $64,502.18 $399.69 $0.00 $364.70 $65,266.57
117 $65,266.57 $399.69 $0.00 $369.03 $66,035.29
118 $66,035.29 $399.69 $0.00 $373.37 $66,808.35
119 $66,808.35 $399.69 $0.00 $377.74 $67,585.78
120 $67,585.78 $399.69 $0.00 $382.14 $68,367.61
121 $68,367.61 $399.69 $0.00 $386.56 $69,153.86
122 $69,153.86 $399.69 $0.00 $391.01 $69,944.56
123 $69,944.56 $399.69 $0.00 $395.48 $70,739.73
124 $70,739.73 $399.69 $0.00 $399.97 $71,539.39
125 $71,539.39 $399.69 $0.00 $404.49 $72,343.57
126 $72,343.57 $399.69 $0.00 $409.04 $73,152.30
127 $73,152.30 $399.69 $0.00 $413.61 $73,965.60
128 $73,965.60 $399.69 $0.00 $418.21 $74,783.50
129 $74,783.50 $399.69 $0.00 $422.84 $75,606.03
130 $75,606.03 $399.69 $0.00 $427.49 $76,433.21
131 $76,433.21 $399.69 $0.00 $432.16 $77,265.06
132 $77,265.06 $399.69 $0.00 $436.87 $78,101.62
133 $78,101.62 $399.69 $0.00 $441.60 $78,942.91
134 $78,942.91 $399.69 $0.00 $446.35 $79,788.95
135 $79,788.95 $399.69 $0.00 $451.14 $80,639.78
136 $80,639.78 $399.69 $0.00 $455.95 $81,495.42
137 $81,495.42 $399.69 $0.00 $460.79 $82,355.90
138 $82,355.90 $399.69 $0.00 $465.65 $83,221.24
139 $83,221.24 $399.69 $0.00 $470.54 $84,091.47
140 $84,091.47 $399.69 $0.00 $475.47 $84,966.63
141 $84,966.63 $399.69 $0.00 $480.41 $85,846.73
142 $85,846.73 $399.69 $0.00 $485.39 $86,731.81
143 $86,731.81 $399.69 $0.00 $490.39 $87,621.89
144 $87,621.89 $399.69 $0.00 $495.43 $88,517.01
145 $88,517.01 $399.69 $0.00 $500.49 $89,417.19
146 $89,417.19 $399.69 $0.00 $505.58 $90,322.46
147 $90,322.46 $399.69 $0.00 $510.70 $91,232.85
148 $91,232.85 $399.69 $0.00 $515.84 $92,148.38
149 $92,148.38 $399.69 $0.00 $521.02 $93,069.09
150 $93,069.09 $399.69 $0.00 $526.23 $93,995.01
151 $93,995.01 $399.69 $0.00 $531.46 $94,926.16
152 $94,926.16 $399.69 $0.00 $536.73 $95,862.58
153 $95,862.58 $399.69 $0.00 $542.02 $96,804.29
154 $96,804.29 $399.69 $0.00 $547.35 $97,751.33
155 $97,751.33 $399.69 $0.00 $552.70 $98,703.72
156 $98,703.72 $399.69 $0.00 $558.09 $99,661.50
157 $99,661.50 $399.69 $0.00 $563.50 $100,624.69
158 $100,624.69 $399.69 $0.00 $568.95 $101,593.33
159 $101,593.33 $399.69 $0.00 $574.42 $102,567.44
160 $102,567.44 $399.69 $0.00 $579.93 $103,547.06
161 $103,547.06 $399.69 $0.00 $585.47 $104,532.22
162 $104,532.22 $399.69 $0.00 $591.04 $105,522.95
163 $105,522.95 $399.69 $0.00 $596.64 $106,519.28
164 $106,519.28 $399.69 $0.00 $602.28 $107,521.25
165 $107,521.25 $399.69 $0.00 $607.94 $108,528.88
166 $108,528.88 $399.69 $0.00 $613.64 $109,542.21
167 $109,542.21 $399.69 $0.00 $619.37 $110,561.27
168 $110,561.27 $399.69 $0.00 $625.13 $111,586.09
169 $111,586.09 $399.69 $0.00 $630.92 $112,616.70
170 $112,616.70 $399.69 $0.00 $636.75 $113,653.14
171 $113,653.14 $399.69 $0.00 $642.61 $114,695.44
172 $114,695.44 $399.69 $0.00 $648.50 $115,743.63
173 $115,743.63 $399.69 $0.00 $654.43 $116,797.75
174 $116,797.75 $399.69 $0.00 $660.39 $117,857.83
175 $117,857.83 $399.69 $0.00 $666.39 $118,923.91
176 $118,923.91 $399.69 $0.00 $672.41 $119,996.01
177 $119,996.01 $399.69 $0.00 $678.47 $121,074.17
178 $121,074.17 $399.69 $0.00 $684.57 $122,158.43
179 $122,158.43 $399.69 $0.00 $690.70 $123,248.82
180 $123,248.82 $399.69 $0.00 $696.87 $124,345.38
181 $124,345.38 $399.69 $0.00 $703.07 $125,448.14
182 $125,448.14 $399.69 $0.00 $709.30 $126,557.13
183 $126,557.13 $399.69 $0.00 $715.57 $127,672.39
184 $127,672.39 $399.69 $0.00 $721.88 $128,793.96
185 $128,793.96 $399.69 $0.00 $728.22 $129,921.87
186 $129,921.87 $399.69 $0.00 $734.60 $131,056.16
187 $131,056.16 $399.69 $0.00 $741.01 $132,196.86
188 $132,196.86 $399.69 $0.00 $747.46 $133,344.01
189 $133,344.01 $399.69 $0.00 $753.95 $134,497.65
190 $134,497.65 $399.69 $0.00 $760.47 $135,657.81
191 $135,657.81 $399.69 $0.00 $767.03 $136,824.53
192 $136,824.53 $399.69 $0.00 $773.63 $137,997.85
193 $137,997.85 $399.69 $0.00 $780.26 $139,177.80
194 $139,177.80 $399.69 $0.00 $786.93 $140,364.42
195 $140,364.42 $399.69 $0.00 $793.64 $141,557.75
196 $141,557.75 $399.69 $0.00 $800.39 $142,757.83
197 $142,757.83 $399.69 $0.00 $807.17 $143,964.69
198 $143,964.69 $399.69 $0.00 $814.00 $145,178.38
199 $145,178.38 $399.69 $0.00 $820.86 $146,398.93
200 $146,398.93 $399.69 $0.00 $827.76 $147,626.38
201 $147,626.38 $399.69 $0.00 $834.70 $148,860.77
202 $148,860.77 $399.69 $0.00 $841.68 $150,102.14
203 $150,102.14 $399.69 $0.00 $848.70 $151,350.53
204 $151,350.53 $399.69 $0.00 $855.76 $152,605.98
205 $152,605.98 $399.69 $0.00 $862.86 $153,868.53
206 $153,868.53 $399.69 $0.00 $870.00 $155,138.22
207 $155,138.22 $399.69 $0.00 $877.17 $156,415.08
208 $156,415.08 $399.69 $0.00 $884.39 $157,699.16
209 $157,699.16 $399.69 $0.00 $891.65 $158,990.50
210 $158,990.50 $399.69 $0.00 $898.96 $160,289.15
211 $160,289.15 $399.69 $0.00 $906.30 $161,595.14
212 $161,595.14 $399.69 $0.00 $913.68 $162,908.51
213 $162,908.51 $399.69 $0.00 $921.11 $164,229.31
214 $164,229.31 $399.69 $0.00 $928.58 $165,557.58
215 $165,557.58 $399.69 $0.00 $936.09 $166,893.36
216 $166,893.36 $399.69 $0.00 $943.64 $168,236.69
217 $168,236.69 $399.69 $46,859.28 $951.23 $122,728.33
218 $122,728.33 $399.69 $0.00 $693.92 $123,821.94
219 $123,821.94 $399.69 $0.00 $700.11 $124,921.74
220 $124,921.74 $399.69 $0.00 $706.33 $126,027.76
221 $126,027.76 $399.69 $0.00 $712.58 $127,140.03
222 $127,140.03 $399.69 $0.00 $718.87 $128,258.59
223 $128,258.59 $399.69 $0.00 $725.19 $129,383.47
224 $129,383.47 $399.69 $0.00 $731.55 $130,514.71
225 $130,514.71 $399.69 $0.00 $737.95 $131,652.35
226 $131,652.35 $399.69 $0.00 $744.38 $132,796.42
227 $132,796.42 $399.69 $0.00 $750.85 $133,946.96
228 $133,946.96 $399.69 $0.00 $757.36 $135,104.01
229 $135,104.01 $399.69 $49,202.25 $763.90 $87,065.35
230 $87,065.35 $399.69 $0.00 $492.28 $87,957.32
231 $87,957.32 $399.69 $0.00 $497.32 $88,854.33
232 $88,854.33 $399.69 $0.00 $502.40 $89,756.42
233 $89,756.42 $399.69 $0.00 $507.50 $90,663.61
234 $90,663.61 $399.69 $0.00 $512.63 $91,575.93
235 $91,575.93 $399.69 $0.00 $517.78 $92,493.40
236 $92,493.40 $399.69 $0.00 $522.97 $93,416.06
237 $93,416.06 $399.69 $0.00 $528.19 $94,343.94
238 $94,343.94 $399.69 $0.00 $533.43 $95,277.06
239 $95,277.06 $399.69 $0.00 $538.71 $96,215.46
240 $96,215.46 $399.69 $0.00 $544.02 $97,159.17
241 $97,159.17 $399.69 $51,662.36 $549.35 $46,445.85
242 $46,445.85 $399.69 $0.00 $262.61 $47,108.15
243 $47,108.15 $399.69 $0.00 $266.36 $47,774.20
244 $47,774.20 $399.69 $0.00 $270.12 $48,444.01
245 $48,444.01 $399.69 $0.00 $273.91 $49,117.61
246 $49,117.61 $399.69 $0.00 $277.72 $49,795.02
247 $49,795.02 $399.69 $0.00 $281.55 $50,476.26
248 $50,476.26 $399.69 $0.00 $285.40 $51,161.35
249 $51,161.35 $399.69 $0.00 $289.27 $51,850.31
250 $51,850.31 $399.69 $0.00 $293.17 $52,543.17
251 $52,543.17 $399.69 $0.00 $297.09 $53,239.95
252 $53,239.95 $399.69 $0.00 $301.03 $53,940.67
253 $53,940.67 $0.00 $54,245.48 $304.99 $0.18