Savings Plan and Future Cost Estimation for Grand Canyon University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$120,429
Monthly savings required$952

How much will it cost to send your child to Grand Canyon University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $481,715.28 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $951.77 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$32,100.00
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 $951.77 $0.00 $0.00 $951.77
2 $951.77 $951.77 $0.00 $5.38 $1,908.92
3 $1,908.92 $951.77 $0.00 $10.79 $2,871.48
4 $2,871.48 $951.77 $0.00 $16.24 $3,839.49
5 $3,839.49 $951.77 $0.00 $21.71 $4,812.97
6 $4,812.97 $951.77 $0.00 $27.21 $5,791.95
7 $5,791.95 $951.77 $0.00 $32.75 $6,776.47
8 $6,776.47 $951.77 $0.00 $38.32 $7,766.56
9 $7,766.56 $951.77 $0.00 $43.91 $8,762.24
10 $8,762.24 $951.77 $0.00 $49.54 $9,763.55
11 $9,763.55 $951.77 $0.00 $55.20 $10,770.52
12 $10,770.52 $951.77 $0.00 $60.90 $11,783.19
13 $11,783.19 $951.77 $0.00 $66.62 $12,801.58
14 $12,801.58 $951.77 $0.00 $72.38 $13,825.73
15 $13,825.73 $951.77 $0.00 $78.17 $14,855.67
16 $14,855.67 $951.77 $0.00 $84.00 $15,891.44
17 $15,891.44 $951.77 $0.00 $89.85 $16,933.06
18 $16,933.06 $951.77 $0.00 $95.74 $17,980.57
19 $17,980.57 $951.77 $0.00 $101.66 $19,034.00
20 $19,034.00 $951.77 $0.00 $107.62 $20,093.39
21 $20,093.39 $951.77 $0.00 $113.61 $21,158.77
22 $21,158.77 $951.77 $0.00 $119.63 $22,230.17
23 $22,230.17 $951.77 $0.00 $125.69 $23,307.63
24 $23,307.63 $951.77 $0.00 $131.78 $24,391.18
25 $24,391.18 $951.77 $0.00 $137.91 $25,480.86
26 $25,480.86 $951.77 $0.00 $144.07 $26,576.70
27 $26,576.70 $951.77 $0.00 $150.27 $27,678.74
28 $27,678.74 $951.77 $0.00 $156.50 $28,787.01
29 $28,787.01 $951.77 $0.00 $162.77 $29,901.55
30 $29,901.55 $951.77 $0.00 $169.07 $31,022.39
31 $31,022.39 $951.77 $0.00 $175.41 $32,149.57
32 $32,149.57 $951.77 $0.00 $181.78 $33,283.12
33 $33,283.12 $951.77 $0.00 $188.19 $34,423.08
34 $34,423.08 $951.77 $0.00 $194.63 $35,569.48
35 $35,569.48 $951.77 $0.00 $201.12 $36,722.37
36 $36,722.37 $951.77 $0.00 $207.63 $37,881.77
37 $37,881.77 $951.77 $0.00 $214.19 $39,047.73
38 $39,047.73 $951.77 $0.00 $220.78 $40,220.28
39 $40,220.28 $951.77 $0.00 $227.41 $41,399.46
40 $41,399.46 $951.77 $0.00 $234.08 $42,585.31
41 $42,585.31 $951.77 $0.00 $240.78 $43,777.86
42 $43,777.86 $951.77 $0.00 $247.53 $44,977.16
43 $44,977.16 $951.77 $0.00 $254.31 $46,183.24
44 $46,183.24 $951.77 $0.00 $261.13 $47,396.14
45 $47,396.14 $951.77 $0.00 $267.98 $48,615.89
46 $48,615.89 $951.77 $0.00 $274.88 $49,842.54
47 $49,842.54 $951.77 $0.00 $281.82 $51,076.13
48 $51,076.13 $951.77 $0.00 $288.79 $52,316.69
49 $52,316.69 $951.77 $0.00 $295.81 $53,564.27
50 $53,564.27 $951.77 $0.00 $302.86 $54,818.90
51 $54,818.90 $951.77 $0.00 $309.95 $56,080.62
52 $56,080.62 $951.77 $0.00 $317.09 $57,349.48
53 $57,349.48 $951.77 $0.00 $324.26 $58,625.51
54 $58,625.51 $951.77 $0.00 $331.48 $59,908.76
55 $59,908.76 $951.77 $0.00 $338.73 $61,199.26
56 $61,199.26 $951.77 $0.00 $346.03 $62,497.06
57 $62,497.06 $951.77 $0.00 $353.37 $63,802.20
58 $63,802.20 $951.77 $0.00 $360.75 $65,114.72
59 $65,114.72 $951.77 $0.00 $368.17 $66,434.66
60 $66,434.66 $951.77 $0.00 $375.63 $67,762.06
61 $67,762.06 $951.77 $0.00 $383.14 $69,096.97
62 $69,096.97 $951.77 $0.00 $390.68 $70,439.42
63 $70,439.42 $951.77 $0.00 $398.27 $71,789.46
64 $71,789.46 $951.77 $0.00 $405.91 $73,147.14
65 $73,147.14 $951.77 $0.00 $413.58 $74,512.49
66 $74,512.49 $951.77 $0.00 $421.30 $75,885.56
67 $75,885.56 $951.77 $0.00 $429.07 $77,266.40
68 $77,266.40 $951.77 $0.00 $436.88 $78,655.05
69 $78,655.05 $951.77 $0.00 $444.73 $80,051.55
70 $80,051.55 $951.77 $0.00 $452.62 $81,455.94
71 $81,455.94 $951.77 $0.00 $460.56 $82,868.27
72 $82,868.27 $951.77 $0.00 $468.55 $84,288.59
73 $84,288.59 $951.77 $0.00 $476.58 $85,716.94
74 $85,716.94 $951.77 $0.00 $484.66 $87,153.37
75 $87,153.37 $951.77 $0.00 $492.78 $88,597.92
76 $88,597.92 $951.77 $0.00 $500.95 $90,050.64
77 $90,050.64 $951.77 $0.00 $509.16 $91,511.57
78 $91,511.57 $951.77 $0.00 $517.42 $92,980.76
79 $92,980.76 $951.77 $0.00 $525.73 $94,458.26
80 $94,458.26 $951.77 $0.00 $534.08 $95,944.11
81 $95,944.11 $951.77 $0.00 $542.48 $97,438.36
82 $97,438.36 $951.77 $0.00 $550.93 $98,941.06
83 $98,941.06 $951.77 $0.00 $559.43 $100,452.26
84 $100,452.26 $951.77 $0.00 $567.97 $101,972.00
85 $101,972.00 $951.77 $0.00 $576.56 $103,500.33
86 $103,500.33 $951.77 $0.00 $585.21 $105,037.31
87 $105,037.31 $951.77 $0.00 $593.90 $106,582.98
88 $106,582.98 $951.77 $0.00 $602.64 $108,137.39
89 $108,137.39 $951.77 $0.00 $611.42 $109,700.58
90 $109,700.58 $951.77 $0.00 $620.26 $111,272.61
91 $111,272.61 $951.77 $0.00 $629.15 $112,853.53
92 $112,853.53 $951.77 $0.00 $638.09 $114,443.39
93 $114,443.39 $951.77 $0.00 $647.08 $116,042.24
94 $116,042.24 $951.77 $0.00 $656.12 $117,650.13
95 $117,650.13 $951.77 $0.00 $665.21 $119,267.11
96 $119,267.11 $951.77 $0.00 $674.35 $120,893.23
97 $120,893.23 $951.77 $0.00 $683.55 $122,528.55
98 $122,528.55 $951.77 $0.00 $692.79 $124,173.11
99 $124,173.11 $951.77 $0.00 $702.09 $125,826.97
100 $125,826.97 $951.77 $0.00 $711.44 $127,490.18
101 $127,490.18 $951.77 $0.00 $720.85 $129,162.80
102 $129,162.80 $951.77 $0.00 $730.31 $130,844.88
103 $130,844.88 $951.77 $0.00 $739.82 $132,536.47
104 $132,536.47 $951.77 $0.00 $749.38 $134,237.62
105 $134,237.62 $951.77 $0.00 $759.00 $135,948.39
106 $135,948.39 $951.77 $0.00 $768.67 $137,668.83
107 $137,668.83 $951.77 $0.00 $778.40 $139,399.00
108 $139,399.00 $951.77 $0.00 $788.18 $141,138.95
109 $141,138.95 $951.77 $0.00 $798.02 $142,888.74
110 $142,888.74 $951.77 $0.00 $807.91 $144,648.42
111 $144,648.42 $951.77 $0.00 $817.86 $146,418.05
112 $146,418.05 $951.77 $0.00 $827.87 $148,197.69
113 $148,197.69 $951.77 $0.00 $837.93 $149,987.39
114 $149,987.39 $951.77 $0.00 $848.05 $151,787.21
115 $151,787.21 $951.77 $0.00 $858.23 $153,597.21
116 $153,597.21 $951.77 $0.00 $868.46 $155,417.44
117 $155,417.44 $951.77 $0.00 $878.75 $157,247.96
118 $157,247.96 $951.77 $0.00 $889.10 $159,088.83
119 $159,088.83 $951.77 $0.00 $899.51 $160,940.11
120 $160,940.11 $951.77 $0.00 $909.98 $162,801.86
121 $162,801.86 $951.77 $0.00 $920.51 $164,674.14
122 $164,674.14 $951.77 $0.00 $931.09 $166,557.00
123 $166,557.00 $951.77 $0.00 $941.74 $168,450.51
124 $168,450.51 $951.77 $0.00 $952.44 $170,354.72
125 $170,354.72 $951.77 $0.00 $963.21 $172,269.70
126 $172,269.70 $951.77 $0.00 $974.04 $174,195.51
127 $174,195.51 $951.77 $0.00 $984.93 $176,132.21
128 $176,132.21 $951.77 $0.00 $995.88 $178,079.86
129 $178,079.86 $951.77 $0.00 $1,006.89 $180,038.52
130 $180,038.52 $951.77 $0.00 $1,017.96 $182,008.25
131 $182,008.25 $951.77 $0.00 $1,029.10 $183,989.12
132 $183,989.12 $951.77 $0.00 $1,040.30 $185,981.19
133 $185,981.19 $951.77 $0.00 $1,051.56 $187,984.52
134 $187,984.52 $951.77 $0.00 $1,062.89 $189,999.18
135 $189,999.18 $951.77 $0.00 $1,074.28 $192,025.23
136 $192,025.23 $951.77 $0.00 $1,085.74 $194,062.74
137 $194,062.74 $951.77 $0.00 $1,097.26 $196,111.77
138 $196,111.77 $951.77 $0.00 $1,108.84 $198,172.38
139 $198,172.38 $951.77 $0.00 $1,120.50 $200,244.65
140 $200,244.65 $951.77 $0.00 $1,132.21 $202,328.63
141 $202,328.63 $951.77 $0.00 $1,144.00 $204,424.40
142 $204,424.40 $951.77 $0.00 $1,155.85 $206,532.02
143 $206,532.02 $951.77 $0.00 $1,167.76 $208,651.55
144 $208,651.55 $951.77 $0.00 $1,179.75 $210,783.07
145 $210,783.07 $951.77 $0.00 $1,191.80 $212,926.64
146 $212,926.64 $951.77 $0.00 $1,203.92 $215,082.33
147 $215,082.33 $951.77 $0.00 $1,216.11 $217,250.21
148 $217,250.21 $951.77 $0.00 $1,228.36 $219,430.34
149 $219,430.34 $951.77 $0.00 $1,240.69 $221,622.80
150 $221,622.80 $951.77 $0.00 $1,253.09 $223,827.66
151 $223,827.66 $951.77 $0.00 $1,265.55 $226,044.98
152 $226,044.98 $951.77 $0.00 $1,278.09 $228,274.84
153 $228,274.84 $951.77 $0.00 $1,290.70 $230,517.31
154 $230,517.31 $951.77 $0.00 $1,303.38 $232,772.46
155 $232,772.46 $951.77 $0.00 $1,316.13 $235,040.36
156 $235,040.36 $951.77 $0.00 $1,328.95 $237,321.08
157 $237,321.08 $951.77 $0.00 $1,341.85 $239,614.70
158 $239,614.70 $951.77 $0.00 $1,354.82 $241,921.29
159 $241,921.29 $951.77 $0.00 $1,367.86 $244,240.92
160 $244,240.92 $951.77 $0.00 $1,380.97 $246,573.66
161 $246,573.66 $951.77 $0.00 $1,394.16 $248,919.59
162 $248,919.59 $951.77 $0.00 $1,407.43 $251,278.79
163 $251,278.79 $951.77 $0.00 $1,420.77 $253,651.33
164 $253,651.33 $951.77 $0.00 $1,434.18 $256,037.28
165 $256,037.28 $951.77 $0.00 $1,447.67 $258,436.72
166 $258,436.72 $951.77 $0.00 $1,461.24 $260,849.73
167 $260,849.73 $951.77 $0.00 $1,474.88 $263,276.38
168 $263,276.38 $951.77 $0.00 $1,488.60 $265,716.75
169 $265,716.75 $951.77 $0.00 $1,502.40 $268,170.92
170 $268,170.92 $951.77 $0.00 $1,516.28 $270,638.97
171 $270,638.97 $951.77 $0.00 $1,530.23 $273,120.97
172 $273,120.97 $951.77 $0.00 $1,544.27 $275,617.01
173 $275,617.01 $951.77 $0.00 $1,558.38 $278,127.16
174 $278,127.16 $951.77 $0.00 $1,572.57 $280,651.50
175 $280,651.50 $951.77 $0.00 $1,586.84 $283,190.11
176 $283,190.11 $951.77 $0.00 $1,601.20 $285,743.08
177 $285,743.08 $951.77 $0.00 $1,615.63 $288,310.48
178 $288,310.48 $951.77 $0.00 $1,630.15 $290,892.40
179 $290,892.40 $951.77 $0.00 $1,644.75 $293,488.92
180 $293,488.92 $951.77 $0.00 $1,659.43 $296,100.12
181 $296,100.12 $951.77 $0.00 $1,674.19 $298,726.08
182 $298,726.08 $951.77 $0.00 $1,689.04 $301,366.89
183 $301,366.89 $951.77 $0.00 $1,703.97 $304,022.63
184 $304,022.63 $951.77 $0.00 $1,718.99 $306,693.39
185 $306,693.39 $951.77 $0.00 $1,734.09 $309,379.25
186 $309,379.25 $951.77 $0.00 $1,749.28 $312,080.30
187 $312,080.30 $951.77 $0.00 $1,764.55 $314,796.62
188 $314,796.62 $951.77 $0.00 $1,779.91 $317,528.30
189 $317,528.30 $951.77 $0.00 $1,795.35 $320,275.42
190 $320,275.42 $951.77 $0.00 $1,810.88 $323,038.07
191 $323,038.07 $951.77 $0.00 $1,826.50 $325,816.34
192 $325,816.34 $951.77 $0.00 $1,842.21 $328,610.32
193 $328,610.32 $951.77 $0.00 $1,858.01 $331,420.10
194 $331,420.10 $951.77 $0.00 $1,873.90 $334,245.77
195 $334,245.77 $951.77 $0.00 $1,889.87 $337,087.41
196 $337,087.41 $951.77 $0.00 $1,905.94 $339,945.12
197 $339,945.12 $951.77 $0.00 $1,922.10 $342,818.99
198 $342,818.99 $951.77 $0.00 $1,938.35 $345,709.11
199 $345,709.11 $951.77 $0.00 $1,954.69 $348,615.57
200 $348,615.57 $951.77 $0.00 $1,971.12 $351,538.46
201 $351,538.46 $951.77 $0.00 $1,987.65 $354,477.88
202 $354,477.88 $951.77 $0.00 $2,004.27 $357,433.92
203 $357,433.92 $951.77 $0.00 $2,020.98 $360,406.67
204 $360,406.67 $951.77 $0.00 $2,037.79 $363,396.23
205 $363,396.23 $951.77 $0.00 $2,054.70 $366,402.70
206 $366,402.70 $951.77 $0.00 $2,071.69 $369,426.16
207 $369,426.16 $951.77 $0.00 $2,088.79 $372,466.72
208 $372,466.72 $951.77 $0.00 $2,105.98 $375,524.47
209 $375,524.47 $951.77 $0.00 $2,123.27 $378,599.51
210 $378,599.51 $951.77 $0.00 $2,140.66 $381,691.94
211 $381,691.94 $951.77 $0.00 $2,158.14 $384,801.85
212 $384,801.85 $951.77 $0.00 $2,175.73 $387,929.35
213 $387,929.35 $951.77 $0.00 $2,193.41 $391,074.53
214 $391,074.53 $951.77 $0.00 $2,211.19 $394,237.49
215 $394,237.49 $951.77 $0.00 $2,229.08 $397,418.34
216 $397,418.34 $951.77 $0.00 $2,247.06 $400,617.17
217 $400,617.17 $951.77 $108,495.83 $2,265.15 $295,338.26
218 $295,338.26 $951.77 $0.00 $1,669.89 $297,959.92
219 $297,959.92 $951.77 $0.00 $1,684.71 $300,596.40
220 $300,596.40 $951.77 $0.00 $1,699.62 $303,247.79
221 $303,247.79 $951.77 $0.00 $1,714.61 $305,914.17
222 $305,914.17 $951.77 $0.00 $1,729.68 $308,595.62
223 $308,595.62 $951.77 $0.00 $1,744.84 $311,292.23
224 $311,292.23 $951.77 $0.00 $1,760.09 $314,004.09
225 $314,004.09 $951.77 $0.00 $1,775.42 $316,731.28
226 $316,731.28 $951.77 $0.00 $1,790.84 $319,473.89
227 $319,473.89 $951.77 $0.00 $1,806.35 $322,232.01
228 $322,232.01 $951.77 $0.00 $1,821.95 $325,005.73
229 $325,005.73 $951.77 $116,090.53 $1,837.63 $211,704.60
230 $211,704.60 $951.77 $0.00 $1,197.01 $213,853.38
231 $213,853.38 $951.77 $0.00 $1,209.16 $216,014.31
232 $216,014.31 $951.77 $0.00 $1,221.38 $218,187.46
233 $218,187.46 $951.77 $0.00 $1,233.66 $220,372.89
234 $220,372.89 $951.77 $0.00 $1,246.02 $222,570.68
235 $222,570.68 $951.77 $0.00 $1,258.45 $224,780.90
236 $224,780.90 $951.77 $0.00 $1,270.94 $227,003.61
237 $227,003.61 $951.77 $0.00 $1,283.51 $229,238.89
238 $229,238.89 $951.77 $0.00 $1,296.15 $231,486.81
239 $231,486.81 $951.77 $0.00 $1,308.86 $233,747.44
240 $233,747.44 $951.77 $0.00 $1,321.64 $236,020.85
241 $236,020.85 $951.77 $124,216.87 $1,334.50 $114,090.25
242 $114,090.25 $951.77 $0.00 $645.08 $115,687.10
243 $115,687.10 $951.77 $0.00 $654.11 $117,292.98
244 $117,292.98 $951.77 $0.00 $663.19 $118,907.94
245 $118,907.94 $951.77 $0.00 $672.32 $120,532.03
246 $120,532.03 $951.77 $0.00 $681.51 $122,165.31
247 $122,165.31 $951.77 $0.00 $690.74 $123,807.82
248 $123,807.82 $951.77 $0.00 $700.03 $125,459.62
249 $125,459.62 $951.77 $0.00 $709.37 $127,120.76
250 $127,120.76 $951.77 $0.00 $718.76 $128,791.29
251 $128,791.29 $951.77 $0.00 $728.20 $130,471.26
252 $130,471.26 $951.77 $0.00 $737.70 $132,160.73
253 $132,160.73 $0.00 $132,912.05 $747.26 -$4.06