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 2040$171,956
Monthly savings required$1,361

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 $687,822.34 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,361.17 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$66,310.00
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 $1,361.17 $0.00 $0.00 $1,361.17
2 $1,361.17 $1,361.17 $0.00 $7.70 $2,730.04
3 $2,730.04 $1,361.17 $0.00 $15.44 $4,106.65
4 $4,106.65 $1,361.17 $0.00 $23.22 $5,491.04
5 $5,491.04 $1,361.17 $0.00 $31.05 $6,883.26
6 $6,883.26 $1,361.17 $0.00 $38.92 $8,283.35
7 $8,283.35 $1,361.17 $0.00 $46.84 $9,691.36
8 $9,691.36 $1,361.17 $0.00 $54.80 $11,107.33
9 $11,107.33 $1,361.17 $0.00 $62.80 $12,531.30
10 $12,531.30 $1,361.17 $0.00 $70.85 $13,963.32
11 $13,963.32 $1,361.17 $0.00 $78.95 $15,403.44
12 $15,403.44 $1,361.17 $0.00 $87.09 $16,851.70
13 $16,851.70 $1,361.17 $0.00 $95.28 $18,308.15
14 $18,308.15 $1,361.17 $0.00 $103.52 $19,772.84
15 $19,772.84 $1,361.17 $0.00 $111.80 $21,245.81
16 $21,245.81 $1,361.17 $0.00 $120.13 $22,727.11
17 $22,727.11 $1,361.17 $0.00 $128.50 $24,216.78
18 $24,216.78 $1,361.17 $0.00 $136.93 $25,714.88
19 $25,714.88 $1,361.17 $0.00 $145.40 $27,221.45
20 $27,221.45 $1,361.17 $0.00 $153.91 $28,736.53
21 $28,736.53 $1,361.17 $0.00 $162.48 $30,260.18
22 $30,260.18 $1,361.17 $0.00 $171.10 $31,792.45
23 $31,792.45 $1,361.17 $0.00 $179.76 $33,333.38
24 $33,333.38 $1,361.17 $0.00 $188.47 $34,883.02
25 $34,883.02 $1,361.17 $0.00 $197.23 $36,441.42
26 $36,441.42 $1,361.17 $0.00 $206.05 $38,008.64
27 $38,008.64 $1,361.17 $0.00 $214.91 $39,584.72
28 $39,584.72 $1,361.17 $0.00 $223.82 $41,169.71
29 $41,169.71 $1,361.17 $0.00 $232.78 $42,763.66
30 $42,763.66 $1,361.17 $0.00 $241.79 $44,366.62
31 $44,366.62 $1,361.17 $0.00 $250.86 $45,978.65
32 $45,978.65 $1,361.17 $0.00 $259.97 $47,599.79
33 $47,599.79 $1,361.17 $0.00 $269.14 $49,230.10
34 $49,230.10 $1,361.17 $0.00 $278.35 $50,869.62
35 $50,869.62 $1,361.17 $0.00 $287.62 $52,518.41
36 $52,518.41 $1,361.17 $0.00 $296.95 $54,176.53
37 $54,176.53 $1,361.17 $0.00 $306.32 $55,844.02
38 $55,844.02 $1,361.17 $0.00 $315.75 $57,520.94
39 $57,520.94 $1,361.17 $0.00 $325.23 $59,207.34
40 $59,207.34 $1,361.17 $0.00 $334.77 $60,903.28
41 $60,903.28 $1,361.17 $0.00 $344.36 $62,608.81
42 $62,608.81 $1,361.17 $0.00 $354.00 $64,323.98
43 $64,323.98 $1,361.17 $0.00 $363.70 $66,048.85
44 $66,048.85 $1,361.17 $0.00 $373.45 $67,783.47
45 $67,783.47 $1,361.17 $0.00 $383.26 $69,527.90
46 $69,527.90 $1,361.17 $0.00 $393.12 $71,282.19
47 $71,282.19 $1,361.17 $0.00 $403.04 $73,046.40
48 $73,046.40 $1,361.17 $0.00 $413.01 $74,820.58
49 $74,820.58 $1,361.17 $0.00 $423.05 $76,604.80
50 $76,604.80 $1,361.17 $0.00 $433.13 $78,399.10
51 $78,399.10 $1,361.17 $0.00 $443.28 $80,203.55
52 $80,203.55 $1,361.17 $0.00 $453.48 $82,018.20
53 $82,018.20 $1,361.17 $0.00 $463.74 $83,843.11
54 $83,843.11 $1,361.17 $0.00 $474.06 $85,678.34
55 $85,678.34 $1,361.17 $0.00 $484.44 $87,523.95
56 $87,523.95 $1,361.17 $0.00 $494.87 $89,379.99
57 $89,379.99 $1,361.17 $0.00 $505.37 $91,246.53
58 $91,246.53 $1,361.17 $0.00 $515.92 $93,123.62
59 $93,123.62 $1,361.17 $0.00 $526.53 $95,011.32
60 $95,011.32 $1,361.17 $0.00 $537.21 $96,909.70
61 $96,909.70 $1,361.17 $0.00 $547.94 $98,818.81
62 $98,818.81 $1,361.17 $0.00 $558.74 $100,738.72
63 $100,738.72 $1,361.17 $0.00 $569.59 $102,669.48
64 $102,669.48 $1,361.17 $0.00 $580.51 $104,611.16
65 $104,611.16 $1,361.17 $0.00 $591.49 $106,563.82
66 $106,563.82 $1,361.17 $0.00 $602.53 $108,527.52
67 $108,527.52 $1,361.17 $0.00 $613.63 $110,502.32
68 $110,502.32 $1,361.17 $0.00 $624.80 $112,488.29
69 $112,488.29 $1,361.17 $0.00 $636.03 $114,485.49
70 $114,485.49 $1,361.17 $0.00 $647.32 $116,493.98
71 $116,493.98 $1,361.17 $0.00 $658.67 $118,513.82
72 $118,513.82 $1,361.17 $0.00 $670.09 $120,545.08
73 $120,545.08 $1,361.17 $0.00 $681.58 $122,587.83
74 $122,587.83 $1,361.17 $0.00 $693.13 $124,642.13
75 $124,642.13 $1,361.17 $0.00 $704.74 $126,708.04
76 $126,708.04 $1,361.17 $0.00 $716.43 $128,785.64
77 $128,785.64 $1,361.17 $0.00 $728.17 $130,874.98
78 $130,874.98 $1,361.17 $0.00 $739.99 $132,976.14
79 $132,976.14 $1,361.17 $0.00 $751.87 $135,089.18
80 $135,089.18 $1,361.17 $0.00 $763.81 $137,214.16
81 $137,214.16 $1,361.17 $0.00 $775.83 $139,351.16
82 $139,351.16 $1,361.17 $0.00 $787.91 $141,500.24
83 $141,500.24 $1,361.17 $0.00 $800.06 $143,661.47
84 $143,661.47 $1,361.17 $0.00 $812.28 $145,834.92
85 $145,834.92 $1,361.17 $0.00 $824.57 $148,020.66
86 $148,020.66 $1,361.17 $0.00 $836.93 $150,218.76
87 $150,218.76 $1,361.17 $0.00 $849.36 $152,429.29
88 $152,429.29 $1,361.17 $0.00 $861.86 $154,652.32
89 $154,652.32 $1,361.17 $0.00 $874.43 $156,887.92
90 $156,887.92 $1,361.17 $0.00 $887.07 $159,136.16
91 $159,136.16 $1,361.17 $0.00 $899.78 $161,397.11
92 $161,397.11 $1,361.17 $0.00 $912.56 $163,670.84
93 $163,670.84 $1,361.17 $0.00 $925.42 $165,957.43
94 $165,957.43 $1,361.17 $0.00 $938.35 $168,256.95
95 $168,256.95 $1,361.17 $0.00 $951.35 $170,569.47
96 $170,569.47 $1,361.17 $0.00 $964.42 $172,895.06
97 $172,895.06 $1,361.17 $0.00 $977.57 $175,233.80
98 $175,233.80 $1,361.17 $0.00 $990.80 $177,585.77
99 $177,585.77 $1,361.17 $0.00 $1,004.10 $179,951.04
100 $179,951.04 $1,361.17 $0.00 $1,017.47 $182,329.68
101 $182,329.68 $1,361.17 $0.00 $1,030.92 $184,721.77
102 $184,721.77 $1,361.17 $0.00 $1,044.44 $187,127.38
103 $187,127.38 $1,361.17 $0.00 $1,058.05 $189,546.60
104 $189,546.60 $1,361.17 $0.00 $1,071.72 $191,979.49
105 $191,979.49 $1,361.17 $0.00 $1,085.48 $194,426.14
106 $194,426.14 $1,361.17 $0.00 $1,099.31 $196,886.62
107 $196,886.62 $1,361.17 $0.00 $1,113.23 $199,361.02
108 $199,361.02 $1,361.17 $0.00 $1,127.22 $201,849.41
109 $201,849.41 $1,361.17 $0.00 $1,141.29 $204,351.87
110 $204,351.87 $1,361.17 $0.00 $1,155.44 $206,868.48
111 $206,868.48 $1,361.17 $0.00 $1,169.66 $209,399.31
112 $209,399.31 $1,361.17 $0.00 $1,183.97 $211,944.45
113 $211,944.45 $1,361.17 $0.00 $1,198.36 $214,503.98
114 $214,503.98 $1,361.17 $0.00 $1,212.84 $217,077.99
115 $217,077.99 $1,361.17 $0.00 $1,227.39 $219,666.55
116 $219,666.55 $1,361.17 $0.00 $1,242.03 $222,269.75
117 $222,269.75 $1,361.17 $0.00 $1,256.75 $224,887.67
118 $224,887.67 $1,361.17 $0.00 $1,271.55 $227,520.39
119 $227,520.39 $1,361.17 $0.00 $1,286.43 $230,167.99
120 $230,167.99 $1,361.17 $0.00 $1,301.40 $232,830.56
121 $232,830.56 $1,361.17 $0.00 $1,316.46 $235,508.19
122 $235,508.19 $1,361.17 $0.00 $1,331.60 $238,200.96
123 $238,200.96 $1,361.17 $0.00 $1,346.82 $240,908.95
124 $240,908.95 $1,361.17 $0.00 $1,362.13 $243,632.25
125 $243,632.25 $1,361.17 $0.00 $1,377.53 $246,370.95
126 $246,370.95 $1,361.17 $0.00 $1,393.02 $249,125.14
127 $249,125.14 $1,361.17 $0.00 $1,408.59 $251,894.90
128 $251,894.90 $1,361.17 $0.00 $1,424.25 $254,680.32
129 $254,680.32 $1,361.17 $0.00 $1,440.00 $257,481.49
130 $257,481.49 $1,361.17 $0.00 $1,455.84 $260,298.50
131 $260,298.50 $1,361.17 $0.00 $1,471.77 $263,131.44
132 $263,131.44 $1,361.17 $0.00 $1,487.78 $265,980.39
133 $265,980.39 $1,361.17 $0.00 $1,503.89 $268,845.45
134 $268,845.45 $1,361.17 $0.00 $1,520.09 $271,726.71
135 $271,726.71 $1,361.17 $0.00 $1,536.38 $274,624.26
136 $274,624.26 $1,361.17 $0.00 $1,552.77 $277,538.20
137 $277,538.20 $1,361.17 $0.00 $1,569.24 $280,468.61
138 $280,468.61 $1,361.17 $0.00 $1,585.81 $283,415.59
139 $283,415.59 $1,361.17 $0.00 $1,602.47 $286,379.23
140 $286,379.23 $1,361.17 $0.00 $1,619.23 $289,359.63
141 $289,359.63 $1,361.17 $0.00 $1,636.08 $292,356.88
142 $292,356.88 $1,361.17 $0.00 $1,653.03 $295,371.08
143 $295,371.08 $1,361.17 $0.00 $1,670.07 $298,402.32
144 $298,402.32 $1,361.17 $0.00 $1,687.21 $301,450.70
145 $301,450.70 $1,361.17 $0.00 $1,704.45 $304,516.32
146 $304,516.32 $1,361.17 $0.00 $1,721.78 $307,599.27
147 $307,599.27 $1,361.17 $0.00 $1,739.21 $310,699.65
148 $310,699.65 $1,361.17 $0.00 $1,756.74 $313,817.56
149 $313,817.56 $1,361.17 $0.00 $1,774.37 $316,953.10
150 $316,953.10 $1,361.17 $0.00 $1,792.10 $320,106.37
151 $320,106.37 $1,361.17 $0.00 $1,809.93 $323,277.47
152 $323,277.47 $1,361.17 $0.00 $1,827.86 $326,466.50
153 $326,466.50 $1,361.17 $0.00 $1,845.89 $329,673.56
154 $329,673.56 $1,361.17 $0.00 $1,864.02 $332,898.75
155 $332,898.75 $1,361.17 $0.00 $1,882.26 $336,142.18
156 $336,142.18 $1,361.17 $0.00 $1,900.60 $339,403.95
157 $339,403.95 $1,361.17 $0.00 $1,919.04 $342,684.16
158 $342,684.16 $1,361.17 $0.00 $1,937.59 $345,982.92
159 $345,982.92 $1,361.17 $0.00 $1,956.24 $349,300.33
160 $349,300.33 $1,361.17 $0.00 $1,974.99 $352,636.49
161 $352,636.49 $1,361.17 $0.00 $1,993.86 $355,991.52
162 $355,991.52 $1,361.17 $0.00 $2,012.83 $359,365.52
163 $359,365.52 $1,361.17 $0.00 $2,031.90 $362,758.59
164 $362,758.59 $1,361.17 $0.00 $2,051.09 $366,170.85
165 $366,170.85 $1,361.17 $0.00 $2,070.38 $369,602.40
166 $369,602.40 $1,361.17 $0.00 $2,089.79 $373,053.36
167 $373,053.36 $1,361.17 $0.00 $2,109.30 $376,523.83
168 $376,523.83 $1,361.17 $0.00 $2,128.92 $380,013.92
169 $380,013.92 $1,361.17 $0.00 $2,148.65 $383,523.74
170 $383,523.74 $1,361.17 $0.00 $2,168.50 $387,053.41
171 $387,053.41 $1,361.17 $0.00 $2,188.46 $390,603.04
172 $390,603.04 $1,361.17 $0.00 $2,208.53 $394,172.74
173 $394,172.74 $1,361.17 $0.00 $2,228.71 $397,762.62
174 $397,762.62 $1,361.17 $0.00 $2,249.01 $401,372.80
175 $401,372.80 $1,361.17 $0.00 $2,269.42 $405,003.39
176 $405,003.39 $1,361.17 $0.00 $2,289.95 $408,654.51
177 $408,654.51 $1,361.17 $0.00 $2,310.59 $412,326.27
178 $412,326.27 $1,361.17 $0.00 $2,331.35 $416,018.79
179 $416,018.79 $1,361.17 $0.00 $2,352.23 $419,732.19
180 $419,732.19 $1,361.17 $0.00 $2,373.23 $423,466.59
181 $423,466.59 $1,361.17 $0.00 $2,394.34 $427,222.10
182 $427,222.10 $1,361.17 $0.00 $2,415.58 $430,998.85
183 $430,998.85 $1,361.17 $0.00 $2,436.93 $434,796.95
184 $434,796.95 $1,361.17 $0.00 $2,458.41 $438,616.53
185 $438,616.53 $1,361.17 $0.00 $2,480.00 $442,457.70
186 $442,457.70 $1,361.17 $0.00 $2,501.72 $446,320.59
187 $446,320.59 $1,361.17 $0.00 $2,523.56 $450,205.32
188 $450,205.32 $1,361.17 $0.00 $2,545.53 $454,112.02
189 $454,112.02 $1,361.17 $0.00 $2,567.62 $458,040.81
190 $458,040.81 $1,361.17 $0.00 $2,589.83 $461,991.81
191 $461,991.81 $1,361.17 $0.00 $2,612.17 $465,965.15
192 $465,965.15 $1,361.17 $0.00 $2,634.63 $469,960.95
193 $469,960.95 $1,361.17 $0.00 $2,657.23 $473,979.35
194 $473,979.35 $1,361.17 $0.00 $2,679.95 $478,020.47
195 $478,020.47 $1,361.17 $0.00 $2,702.80 $482,084.44
196 $482,084.44 $1,361.17 $0.00 $2,725.78 $486,171.39
197 $486,171.39 $1,361.17 $0.00 $2,748.88 $490,281.44
198 $490,281.44 $1,361.17 $0.00 $2,772.12 $494,414.73
199 $494,414.73 $1,361.17 $0.00 $2,795.49 $498,571.39
200 $498,571.39 $1,361.17 $0.00 $2,819.00 $502,751.56
201 $502,751.56 $1,361.17 $0.00 $2,842.63 $506,955.36
202 $506,955.36 $1,361.17 $0.00 $2,866.40 $511,182.93
203 $511,182.93 $1,361.17 $0.00 $2,890.30 $515,434.40
204 $515,434.40 $1,361.17 $0.00 $2,914.34 $519,709.91
205 $519,709.91 $1,361.17 $0.00 $2,938.52 $524,009.60
206 $524,009.60 $1,361.17 $0.00 $2,962.83 $528,333.60
207 $528,333.60 $1,361.17 $0.00 $2,987.27 $532,682.04
208 $532,682.04 $1,361.17 $0.00 $3,011.86 $537,055.07
209 $537,055.07 $1,361.17 $0.00 $3,036.59 $541,452.83
210 $541,452.83 $1,361.17 $0.00 $3,061.45 $545,875.45
211 $545,875.45 $1,361.17 $0.00 $3,086.46 $550,323.08
212 $550,323.08 $1,361.17 $0.00 $3,111.61 $554,795.86
213 $554,795.86 $1,361.17 $0.00 $3,136.90 $559,293.93
214 $559,293.93 $1,361.17 $0.00 $3,162.33 $563,817.43
215 $563,817.43 $1,361.17 $0.00 $3,187.91 $568,366.51
216 $568,366.51 $1,361.17 $0.00 $3,213.63 $572,941.31
217 $572,941.31 $1,361.17 $159,582.92 $3,239.49 $417,959.05
218 $417,959.05 $1,361.17 $0.00 $2,363.20 $421,683.42
219 $421,683.42 $1,361.17 $0.00 $2,384.26 $425,428.85
220 $425,428.85 $1,361.17 $0.00 $2,405.44 $429,195.46
221 $429,195.46 $1,361.17 $0.00 $2,426.73 $432,983.36
222 $432,983.36 $1,361.17 $0.00 $2,448.15 $436,792.68
223 $436,792.68 $1,361.17 $0.00 $2,469.69 $440,623.54
224 $440,623.54 $1,361.17 $0.00 $2,491.35 $444,476.06
225 $444,476.06 $1,361.17 $0.00 $2,513.13 $448,350.36
226 $448,350.36 $1,361.17 $0.00 $2,535.04 $452,246.57
227 $452,246.57 $1,361.17 $0.00 $2,557.07 $456,164.81
228 $456,164.81 $1,361.17 $0.00 $2,579.22 $460,105.20
229 $460,105.20 $1,361.17 $167,562.07 $2,601.50 $296,505.80
230 $296,505.80 $1,361.17 $0.00 $1,676.49 $299,543.46
231 $299,543.46 $1,361.17 $0.00 $1,693.66 $302,598.29
232 $302,598.29 $1,361.17 $0.00 $1,710.93 $305,670.39
233 $305,670.39 $1,361.17 $0.00 $1,728.30 $308,759.86
234 $308,759.86 $1,361.17 $0.00 $1,745.77 $311,866.80
235 $311,866.80 $1,361.17 $0.00 $1,763.34 $314,991.31
236 $314,991.31 $1,361.17 $0.00 $1,781.01 $318,133.49
237 $318,133.49 $1,361.17 $0.00 $1,798.77 $321,293.43
238 $321,293.43 $1,361.17 $0.00 $1,816.64 $324,471.24
239 $324,471.24 $1,361.17 $0.00 $1,834.61 $327,667.02
240 $327,667.02 $1,361.17 $0.00 $1,852.68 $330,880.87
241 $330,880.87 $1,361.17 $175,940.17 $1,870.85 $158,172.72
242 $158,172.72 $1,361.17 $0.00 $894.33 $160,428.22
243 $160,428.22 $1,361.17 $0.00 $907.08 $162,696.47
244 $162,696.47 $1,361.17 $0.00 $919.91 $164,977.55
245 $164,977.55 $1,361.17 $0.00 $932.81 $167,271.53
246 $167,271.53 $1,361.17 $0.00 $945.78 $169,578.48
247 $169,578.48 $1,361.17 $0.00 $958.82 $171,898.47
248 $171,898.47 $1,361.17 $0.00 $971.94 $174,231.58
249 $174,231.58 $1,361.17 $0.00 $985.13 $176,577.88
250 $176,577.88 $1,361.17 $0.00 $998.40 $178,937.45
251 $178,937.45 $1,361.17 $0.00 $1,011.74 $181,310.36
252 $181,310.36 $1,361.17 $0.00 $1,025.16 $183,696.69
253 $183,696.69 $0.00 $184,737.18 $1,038.65 ($1.84)