Savings Plan and Future Cost Estimation for Hendrix College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$131,087
Monthly savings required$1,038

How much will it cost to send your child to Hendrix College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $524,346.54 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,037.66 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$50,550.00
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 $1,037.66 $0.00 $0.00 $1,037.66
2 $1,037.66 $1,037.66 $0.00 $5.87 $2,081.19
3 $2,081.19 $1,037.66 $0.00 $11.77 $3,130.62
4 $3,130.62 $1,037.66 $0.00 $17.70 $4,185.98
5 $4,185.98 $1,037.66 $0.00 $23.67 $5,247.31
6 $5,247.31 $1,037.66 $0.00 $29.67 $6,314.64
7 $6,314.64 $1,037.66 $0.00 $35.70 $7,388.00
8 $7,388.00 $1,037.66 $0.00 $41.77 $8,467.43
9 $8,467.43 $1,037.66 $0.00 $47.88 $9,552.97
10 $9,552.97 $1,037.66 $0.00 $54.01 $10,644.64
11 $10,644.64 $1,037.66 $0.00 $60.19 $11,742.49
12 $11,742.49 $1,037.66 $0.00 $66.39 $12,846.54
13 $12,846.54 $1,037.66 $0.00 $72.64 $13,956.84
14 $13,956.84 $1,037.66 $0.00 $78.91 $15,073.41
15 $15,073.41 $1,037.66 $0.00 $85.23 $16,196.30
16 $16,196.30 $1,037.66 $0.00 $91.58 $17,325.54
17 $17,325.54 $1,037.66 $0.00 $97.96 $18,461.16
18 $18,461.16 $1,037.66 $0.00 $104.38 $19,603.20
19 $19,603.20 $1,037.66 $0.00 $110.84 $20,751.70
20 $20,751.70 $1,037.66 $0.00 $117.33 $21,906.69
21 $21,906.69 $1,037.66 $0.00 $123.86 $23,068.21
22 $23,068.21 $1,037.66 $0.00 $130.43 $24,236.30
23 $24,236.30 $1,037.66 $0.00 $137.04 $25,411.00
24 $25,411.00 $1,037.66 $0.00 $143.68 $26,592.34
25 $26,592.34 $1,037.66 $0.00 $150.36 $27,780.36
26 $27,780.36 $1,037.66 $0.00 $157.07 $28,975.09
27 $28,975.09 $1,037.66 $0.00 $163.83 $30,176.58
28 $30,176.58 $1,037.66 $0.00 $170.62 $31,384.86
29 $31,384.86 $1,037.66 $0.00 $177.45 $32,599.97
30 $32,599.97 $1,037.66 $0.00 $184.32 $33,821.95
31 $33,821.95 $1,037.66 $0.00 $191.23 $35,050.84
32 $35,050.84 $1,037.66 $0.00 $198.18 $36,286.68
33 $36,286.68 $1,037.66 $0.00 $205.17 $37,529.51
34 $37,529.51 $1,037.66 $0.00 $212.20 $38,779.37
35 $38,779.37 $1,037.66 $0.00 $219.26 $40,036.29
36 $40,036.29 $1,037.66 $0.00 $226.37 $41,300.32
37 $41,300.32 $1,037.66 $0.00 $233.52 $42,571.50
38 $42,571.50 $1,037.66 $0.00 $240.71 $43,849.87
39 $43,849.87 $1,037.66 $0.00 $247.93 $45,135.46
40 $45,135.46 $1,037.66 $0.00 $255.20 $46,428.32
41 $46,428.32 $1,037.66 $0.00 $262.51 $47,728.49
42 $47,728.49 $1,037.66 $0.00 $269.86 $49,036.01
43 $49,036.01 $1,037.66 $0.00 $277.26 $50,350.93
44 $50,350.93 $1,037.66 $0.00 $284.69 $51,673.28
45 $51,673.28 $1,037.66 $0.00 $292.17 $53,003.11
46 $53,003.11 $1,037.66 $0.00 $299.69 $54,340.46
47 $54,340.46 $1,037.66 $0.00 $307.25 $55,685.37
48 $55,685.37 $1,037.66 $0.00 $314.85 $57,037.88
49 $57,037.88 $1,037.66 $0.00 $322.50 $58,398.04
50 $58,398.04 $1,037.66 $0.00 $330.19 $59,765.89
51 $59,765.89 $1,037.66 $0.00 $337.93 $61,141.48
52 $61,141.48 $1,037.66 $0.00 $345.70 $62,524.84
53 $62,524.84 $1,037.66 $0.00 $353.52 $63,916.02
54 $63,916.02 $1,037.66 $0.00 $361.39 $65,315.07
55 $65,315.07 $1,037.66 $0.00 $369.30 $66,722.03
56 $66,722.03 $1,037.66 $0.00 $377.26 $68,136.95
57 $68,136.95 $1,037.66 $0.00 $385.26 $69,559.87
58 $69,559.87 $1,037.66 $0.00 $393.30 $70,990.83
59 $70,990.83 $1,037.66 $0.00 $401.39 $72,429.88
60 $72,429.88 $1,037.66 $0.00 $409.53 $73,877.07
61 $73,877.07 $1,037.66 $0.00 $417.71 $75,332.44
62 $75,332.44 $1,037.66 $0.00 $425.94 $76,796.04
63 $76,796.04 $1,037.66 $0.00 $434.22 $78,267.92
64 $78,267.92 $1,037.66 $0.00 $442.54 $79,748.12
65 $79,748.12 $1,037.66 $0.00 $450.91 $81,236.69
66 $81,236.69 $1,037.66 $0.00 $459.32 $82,733.67
67 $82,733.67 $1,037.66 $0.00 $467.79 $84,239.12
68 $84,239.12 $1,037.66 $0.00 $476.30 $85,753.08
69 $85,753.08 $1,037.66 $0.00 $484.86 $87,275.60
70 $87,275.60 $1,037.66 $0.00 $493.47 $88,806.73
71 $88,806.73 $1,037.66 $0.00 $502.13 $90,346.52
72 $90,346.52 $1,037.66 $0.00 $510.83 $91,895.01
73 $91,895.01 $1,037.66 $0.00 $519.59 $93,452.26
74 $93,452.26 $1,037.66 $0.00 $528.39 $95,018.31
75 $95,018.31 $1,037.66 $0.00 $537.25 $96,593.22
76 $96,593.22 $1,037.66 $0.00 $546.15 $98,177.03
77 $98,177.03 $1,037.66 $0.00 $555.11 $99,769.80
78 $99,769.80 $1,037.66 $0.00 $564.11 $101,371.57
79 $101,371.57 $1,037.66 $0.00 $573.17 $102,982.40
80 $102,982.40 $1,037.66 $0.00 $582.28 $104,602.34
81 $104,602.34 $1,037.66 $0.00 $591.44 $106,231.44
82 $106,231.44 $1,037.66 $0.00 $600.65 $107,869.75
83 $107,869.75 $1,037.66 $0.00 $609.91 $109,517.32
84 $109,517.32 $1,037.66 $0.00 $619.23 $111,174.21
85 $111,174.21 $1,037.66 $0.00 $628.60 $112,840.47
86 $112,840.47 $1,037.66 $0.00 $638.02 $114,516.15
87 $114,516.15 $1,037.66 $0.00 $647.49 $116,201.30
88 $116,201.30 $1,037.66 $0.00 $657.02 $117,895.98
89 $117,895.98 $1,037.66 $0.00 $666.60 $119,600.24
90 $119,600.24 $1,037.66 $0.00 $676.24 $121,314.14
91 $121,314.14 $1,037.66 $0.00 $685.93 $123,037.73
92 $123,037.73 $1,037.66 $0.00 $695.67 $124,771.06
93 $124,771.06 $1,037.66 $0.00 $705.47 $126,514.19
94 $126,514.19 $1,037.66 $0.00 $715.33 $128,267.18
95 $128,267.18 $1,037.66 $0.00 $725.24 $130,030.08
96 $130,030.08 $1,037.66 $0.00 $735.21 $131,802.95
97 $131,802.95 $1,037.66 $0.00 $745.23 $133,585.84
98 $133,585.84 $1,037.66 $0.00 $755.31 $135,378.81
99 $135,378.81 $1,037.66 $0.00 $765.45 $137,181.92
100 $137,181.92 $1,037.66 $0.00 $775.65 $138,995.23
101 $138,995.23 $1,037.66 $0.00 $785.90 $140,818.79
102 $140,818.79 $1,037.66 $0.00 $796.21 $142,652.66
103 $142,652.66 $1,037.66 $0.00 $806.58 $144,496.90
104 $144,496.90 $1,037.66 $0.00 $817.01 $146,351.57
105 $146,351.57 $1,037.66 $0.00 $827.49 $148,216.72
106 $148,216.72 $1,037.66 $0.00 $838.04 $150,092.42
107 $150,092.42 $1,037.66 $0.00 $848.64 $151,978.72
108 $151,978.72 $1,037.66 $0.00 $859.31 $153,875.69
109 $153,875.69 $1,037.66 $0.00 $870.04 $155,783.39
110 $155,783.39 $1,037.66 $0.00 $880.82 $157,701.87
111 $157,701.87 $1,037.66 $0.00 $891.67 $159,631.20
112 $159,631.20 $1,037.66 $0.00 $902.58 $161,571.44
113 $161,571.44 $1,037.66 $0.00 $913.55 $163,522.65
114 $163,522.65 $1,037.66 $0.00 $924.58 $165,484.89
115 $165,484.89 $1,037.66 $0.00 $935.68 $167,458.23
116 $167,458.23 $1,037.66 $0.00 $946.83 $169,442.72
117 $169,442.72 $1,037.66 $0.00 $958.05 $171,438.43
118 $171,438.43 $1,037.66 $0.00 $969.34 $173,445.43
119 $173,445.43 $1,037.66 $0.00 $980.69 $175,463.78
120 $175,463.78 $1,037.66 $0.00 $992.10 $177,493.54
121 $177,493.54 $1,037.66 $0.00 $1,003.57 $179,534.77
122 $179,534.77 $1,037.66 $0.00 $1,015.12 $181,587.55
123 $181,587.55 $1,037.66 $0.00 $1,026.72 $183,651.93
124 $183,651.93 $1,037.66 $0.00 $1,038.39 $185,727.98
125 $185,727.98 $1,037.66 $0.00 $1,050.13 $187,815.77
126 $187,815.77 $1,037.66 $0.00 $1,061.94 $189,915.37
127 $189,915.37 $1,037.66 $0.00 $1,073.81 $192,026.84
128 $192,026.84 $1,037.66 $0.00 $1,085.75 $194,150.25
129 $194,150.25 $1,037.66 $0.00 $1,097.75 $196,285.66
130 $196,285.66 $1,037.66 $0.00 $1,109.83 $198,433.15
131 $198,433.15 $1,037.66 $0.00 $1,121.97 $200,592.78
132 $200,592.78 $1,037.66 $0.00 $1,134.18 $202,764.62
133 $202,764.62 $1,037.66 $0.00 $1,146.46 $204,948.74
134 $204,948.74 $1,037.66 $0.00 $1,158.81 $207,145.21
135 $207,145.21 $1,037.66 $0.00 $1,171.23 $209,354.10
136 $209,354.10 $1,037.66 $0.00 $1,183.72 $211,575.48
137 $211,575.48 $1,037.66 $0.00 $1,196.28 $213,809.42
138 $213,809.42 $1,037.66 $0.00 $1,208.91 $216,055.99
139 $216,055.99 $1,037.66 $0.00 $1,221.61 $218,315.26
140 $218,315.26 $1,037.66 $0.00 $1,234.39 $220,587.31
141 $220,587.31 $1,037.66 $0.00 $1,247.23 $222,872.20
142 $222,872.20 $1,037.66 $0.00 $1,260.15 $225,170.01
143 $225,170.01 $1,037.66 $0.00 $1,273.14 $227,480.81
144 $227,480.81 $1,037.66 $0.00 $1,286.21 $229,804.68
145 $229,804.68 $1,037.66 $0.00 $1,299.35 $232,141.69
146 $232,141.69 $1,037.66 $0.00 $1,312.56 $234,491.91
147 $234,491.91 $1,037.66 $0.00 $1,325.85 $236,855.42
148 $236,855.42 $1,037.66 $0.00 $1,339.21 $239,232.29
149 $239,232.29 $1,037.66 $0.00 $1,352.65 $241,622.60
150 $241,622.60 $1,037.66 $0.00 $1,366.17 $244,026.43
151 $244,026.43 $1,037.66 $0.00 $1,379.76 $246,443.85
152 $246,443.85 $1,037.66 $0.00 $1,393.43 $248,874.94
153 $248,874.94 $1,037.66 $0.00 $1,407.18 $251,319.78
154 $251,319.78 $1,037.66 $0.00 $1,421.00 $253,778.44
155 $253,778.44 $1,037.66 $0.00 $1,434.90 $256,251.00
156 $256,251.00 $1,037.66 $0.00 $1,448.88 $258,737.54
157 $258,737.54 $1,037.66 $0.00 $1,462.94 $261,238.14
158 $261,238.14 $1,037.66 $0.00 $1,477.08 $263,752.88
159 $263,752.88 $1,037.66 $0.00 $1,491.30 $266,281.84
160 $266,281.84 $1,037.66 $0.00 $1,505.60 $268,825.10
161 $268,825.10 $1,037.66 $0.00 $1,519.98 $271,382.74
162 $271,382.74 $1,037.66 $0.00 $1,534.44 $273,954.84
163 $273,954.84 $1,037.66 $0.00 $1,548.98 $276,541.48
164 $276,541.48 $1,037.66 $0.00 $1,563.61 $279,142.75
165 $279,142.75 $1,037.66 $0.00 $1,578.31 $281,758.72
166 $281,758.72 $1,037.66 $0.00 $1,593.10 $284,389.48
167 $284,389.48 $1,037.66 $0.00 $1,607.98 $287,035.12
168 $287,035.12 $1,037.66 $0.00 $1,622.94 $289,695.72
169 $289,695.72 $1,037.66 $0.00 $1,637.98 $292,371.36
170 $292,371.36 $1,037.66 $0.00 $1,653.11 $295,062.13
171 $295,062.13 $1,037.66 $0.00 $1,668.32 $297,768.11
172 $297,768.11 $1,037.66 $0.00 $1,683.62 $300,489.39
173 $300,489.39 $1,037.66 $0.00 $1,699.01 $303,226.06
174 $303,226.06 $1,037.66 $0.00 $1,714.48 $305,978.20
175 $305,978.20 $1,037.66 $0.00 $1,730.05 $308,745.91
176 $308,745.91 $1,037.66 $0.00 $1,745.69 $311,529.26
177 $311,529.26 $1,037.66 $0.00 $1,761.43 $314,328.35
178 $314,328.35 $1,037.66 $0.00 $1,777.26 $317,143.27
179 $317,143.27 $1,037.66 $0.00 $1,793.17 $319,974.10
180 $319,974.10 $1,037.66 $0.00 $1,809.18 $322,820.94
181 $322,820.94 $1,037.66 $0.00 $1,825.28 $325,683.88
182 $325,683.88 $1,037.66 $0.00 $1,841.46 $328,563.00
183 $328,563.00 $1,037.66 $0.00 $1,857.74 $331,458.40
184 $331,458.40 $1,037.66 $0.00 $1,874.11 $334,370.17
185 $334,370.17 $1,037.66 $0.00 $1,890.58 $337,298.41
186 $337,298.41 $1,037.66 $0.00 $1,907.13 $340,243.20
187 $340,243.20 $1,037.66 $0.00 $1,923.78 $343,204.64
188 $343,204.64 $1,037.66 $0.00 $1,940.53 $346,182.83
189 $346,182.83 $1,037.66 $0.00 $1,957.37 $349,177.86
190 $349,177.86 $1,037.66 $0.00 $1,974.30 $352,189.82
191 $352,189.82 $1,037.66 $0.00 $1,991.33 $355,218.81
192 $355,218.81 $1,037.66 $0.00 $2,008.46 $358,264.93
193 $358,264.93 $1,037.66 $0.00 $2,025.68 $361,328.27
194 $361,328.27 $1,037.66 $0.00 $2,043.00 $364,408.93
195 $364,408.93 $1,037.66 $0.00 $2,060.42 $367,507.01
196 $367,507.01 $1,037.66 $0.00 $2,077.94 $370,622.61
197 $370,622.61 $1,037.66 $0.00 $2,095.55 $373,755.82
198 $373,755.82 $1,037.66 $0.00 $2,113.27 $376,906.75
199 $376,906.75 $1,037.66 $0.00 $2,131.09 $380,075.50
200 $380,075.50 $1,037.66 $0.00 $2,149.00 $383,262.16
201 $383,262.16 $1,037.66 $0.00 $2,167.02 $386,466.84
202 $386,466.84 $1,037.66 $0.00 $2,185.14 $389,689.64
203 $389,689.64 $1,037.66 $0.00 $2,203.36 $392,930.66
204 $392,930.66 $1,037.66 $0.00 $2,221.69 $396,190.01
205 $396,190.01 $1,037.66 $0.00 $2,240.12 $399,467.79
206 $399,467.79 $1,037.66 $0.00 $2,258.65 $402,764.10
207 $402,764.10 $1,037.66 $0.00 $2,277.29 $406,079.05
208 $406,079.05 $1,037.66 $0.00 $2,296.03 $409,412.74
209 $409,412.74 $1,037.66 $0.00 $2,314.88 $412,765.28
210 $412,765.28 $1,037.66 $0.00 $2,333.83 $416,136.77
211 $416,136.77 $1,037.66 $0.00 $2,352.90 $419,527.33
212 $419,527.33 $1,037.66 $0.00 $2,372.07 $422,937.06
213 $422,937.06 $1,037.66 $0.00 $2,391.35 $426,366.07
214 $426,366.07 $1,037.66 $0.00 $2,410.74 $429,814.47
215 $429,814.47 $1,037.66 $0.00 $2,430.23 $433,282.36
216 $433,282.36 $1,037.66 $0.00 $2,449.84 $436,769.86
217 $436,769.86 $1,037.66 $121,654.60 $2,469.56 $318,622.48
218 $318,622.48 $1,037.66 $0.00 $1,801.54 $321,461.68
219 $321,461.68 $1,037.66 $0.00 $1,817.59 $324,316.93
220 $324,316.93 $1,037.66 $0.00 $1,833.74 $327,188.33
221 $327,188.33 $1,037.66 $0.00 $1,849.97 $330,075.96
222 $330,075.96 $1,037.66 $0.00 $1,866.30 $332,979.92
223 $332,979.92 $1,037.66 $0.00 $1,882.72 $335,900.30
224 $335,900.30 $1,037.66 $0.00 $1,899.23 $338,837.19
225 $338,837.19 $1,037.66 $0.00 $1,915.83 $341,790.68
226 $341,790.68 $1,037.66 $0.00 $1,932.53 $344,760.87
227 $344,760.87 $1,037.66 $0.00 $1,949.33 $347,747.86
228 $347,747.86 $1,037.66 $0.00 $1,966.22 $350,751.74
229 $350,751.74 $1,037.66 $127,737.33 $1,983.20 $226,035.27
230 $226,035.27 $1,037.66 $0.00 $1,278.04 $228,350.97
231 $228,350.97 $1,037.66 $0.00 $1,291.13 $230,679.76
232 $230,679.76 $1,037.66 $0.00 $1,304.30 $233,021.72
233 $233,021.72 $1,037.66 $0.00 $1,317.54 $235,376.92
234 $235,376.92 $1,037.66 $0.00 $1,330.86 $237,745.44
235 $237,745.44 $1,037.66 $0.00 $1,344.25 $240,127.35
236 $240,127.35 $1,037.66 $0.00 $1,357.71 $242,522.72
237 $242,522.72 $1,037.66 $0.00 $1,371.26 $244,931.64
238 $244,931.64 $1,037.66 $0.00 $1,384.88 $247,354.18
239 $247,354.18 $1,037.66 $0.00 $1,398.58 $249,790.42
240 $249,790.42 $1,037.66 $0.00 $1,412.35 $252,240.43
241 $252,240.43 $1,037.66 $134,124.20 $1,426.20 $120,580.09
242 $120,580.09 $1,037.66 $0.00 $681.78 $122,299.53
243 $122,299.53 $1,037.66 $0.00 $691.50 $124,028.69
244 $124,028.69 $1,037.66 $0.00 $701.28 $125,767.63
245 $125,767.63 $1,037.66 $0.00 $711.11 $127,516.40
246 $127,516.40 $1,037.66 $0.00 $721.00 $129,275.06
247 $129,275.06 $1,037.66 $0.00 $730.94 $131,043.66
248 $131,043.66 $1,037.66 $0.00 $740.94 $132,822.26
249 $132,822.26 $1,037.66 $0.00 $751.00 $134,610.92
250 $134,610.92 $1,037.66 $0.00 $761.11 $136,409.69
251 $136,409.69 $1,037.66 $0.00 $771.28 $138,218.63
252 $138,218.63 $1,037.66 $0.00 $781.51 $140,037.80
253 $140,037.80 $0.00 $140,830.41 $791.79 ($0.82)