Savings Plan and Future Cost Estimation for Ouachita Baptist University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$170,064
Monthly savings required$1,344

How much will it cost to send your child to Ouachita Baptist University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $680,254.01 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,344.05 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$45,330.00
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 $1,344.05 $0.00 $0.00 $1,344.05
2 $1,344.05 $1,344.05 $0.00 $7.60 $2,695.70
3 $2,695.70 $1,344.05 $0.00 $15.24 $4,054.99
4 $4,054.99 $1,344.05 $0.00 $22.93 $5,421.97
5 $5,421.97 $1,344.05 $0.00 $30.66 $6,796.68
6 $6,796.68 $1,344.05 $0.00 $38.43 $8,179.16
7 $8,179.16 $1,344.05 $0.00 $46.25 $9,569.46
8 $9,569.46 $1,344.05 $0.00 $54.11 $10,967.62
9 $10,967.62 $1,344.05 $0.00 $62.01 $12,373.68
10 $12,373.68 $1,344.05 $0.00 $69.96 $13,787.69
11 $13,787.69 $1,344.05 $0.00 $77.96 $15,209.70
12 $15,209.70 $1,344.05 $0.00 $86.00 $16,639.75
13 $16,639.75 $1,344.05 $0.00 $94.08 $18,077.88
14 $18,077.88 $1,344.05 $0.00 $102.21 $19,524.14
15 $19,524.14 $1,344.05 $0.00 $110.39 $20,978.58
16 $20,978.58 $1,344.05 $0.00 $118.62 $22,441.25
17 $22,441.25 $1,344.05 $0.00 $126.89 $23,912.19
18 $23,912.19 $1,344.05 $0.00 $135.20 $25,391.44
19 $25,391.44 $1,344.05 $0.00 $143.57 $26,879.06
20 $26,879.06 $1,344.05 $0.00 $151.98 $28,375.09
21 $28,375.09 $1,344.05 $0.00 $160.44 $29,879.58
22 $29,879.58 $1,344.05 $0.00 $168.94 $31,392.57
23 $31,392.57 $1,344.05 $0.00 $177.50 $32,914.12
24 $32,914.12 $1,344.05 $0.00 $186.10 $34,444.27
25 $34,444.27 $1,344.05 $0.00 $194.75 $35,983.07
26 $35,983.07 $1,344.05 $0.00 $203.45 $37,530.57
27 $37,530.57 $1,344.05 $0.00 $212.20 $39,086.82
28 $39,086.82 $1,344.05 $0.00 $221.00 $40,651.87
29 $40,651.87 $1,344.05 $0.00 $229.85 $42,225.77
30 $42,225.77 $1,344.05 $0.00 $238.75 $43,808.57
31 $43,808.57 $1,344.05 $0.00 $247.70 $45,400.32
32 $45,400.32 $1,344.05 $0.00 $256.70 $47,001.07
33 $47,001.07 $1,344.05 $0.00 $265.75 $48,610.87
34 $48,610.87 $1,344.05 $0.00 $274.85 $50,229.77
35 $50,229.77 $1,344.05 $0.00 $284.01 $51,857.83
36 $51,857.83 $1,344.05 $0.00 $293.21 $53,495.09
37 $53,495.09 $1,344.05 $0.00 $302.47 $55,141.61
38 $55,141.61 $1,344.05 $0.00 $311.78 $56,797.44
39 $56,797.44 $1,344.05 $0.00 $321.14 $58,462.63
40 $58,462.63 $1,344.05 $0.00 $330.56 $60,137.24
41 $60,137.24 $1,344.05 $0.00 $340.02 $61,821.31
42 $61,821.31 $1,344.05 $0.00 $349.55 $63,514.91
43 $63,514.91 $1,344.05 $0.00 $359.12 $65,218.08
44 $65,218.08 $1,344.05 $0.00 $368.75 $66,930.88
45 $66,930.88 $1,344.05 $0.00 $378.44 $68,653.37
46 $68,653.37 $1,344.05 $0.00 $388.18 $70,385.60
47 $70,385.60 $1,344.05 $0.00 $397.97 $72,127.62
48 $72,127.62 $1,344.05 $0.00 $407.82 $73,879.49
49 $73,879.49 $1,344.05 $0.00 $417.73 $75,641.27
50 $75,641.27 $1,344.05 $0.00 $427.69 $77,413.01
51 $77,413.01 $1,344.05 $0.00 $437.70 $79,194.76
52 $79,194.76 $1,344.05 $0.00 $447.78 $80,986.59
53 $80,986.59 $1,344.05 $0.00 $457.91 $82,788.55
54 $82,788.55 $1,344.05 $0.00 $468.10 $84,600.70
55 $84,600.70 $1,344.05 $0.00 $478.34 $86,423.09
56 $86,423.09 $1,344.05 $0.00 $488.65 $88,255.79
57 $88,255.79 $1,344.05 $0.00 $499.01 $90,098.85
58 $90,098.85 $1,344.05 $0.00 $509.43 $91,952.33
59 $91,952.33 $1,344.05 $0.00 $519.91 $93,816.29
60 $93,816.29 $1,344.05 $0.00 $530.45 $95,690.79
61 $95,690.79 $1,344.05 $0.00 $541.05 $97,575.89
62 $97,575.89 $1,344.05 $0.00 $551.71 $99,471.65
63 $99,471.65 $1,344.05 $0.00 $562.43 $101,378.13
64 $101,378.13 $1,344.05 $0.00 $573.21 $103,295.39
65 $103,295.39 $1,344.05 $0.00 $584.05 $105,223.49
66 $105,223.49 $1,344.05 $0.00 $594.95 $107,162.49
67 $107,162.49 $1,344.05 $0.00 $605.91 $109,112.45
68 $109,112.45 $1,344.05 $0.00 $616.94 $111,073.44
69 $111,073.44 $1,344.05 $0.00 $628.03 $113,045.52
70 $113,045.52 $1,344.05 $0.00 $639.18 $115,028.75
71 $115,028.75 $1,344.05 $0.00 $650.39 $117,023.19
72 $117,023.19 $1,344.05 $0.00 $661.67 $119,028.91
73 $119,028.91 $1,344.05 $0.00 $673.01 $121,045.97
74 $121,045.97 $1,344.05 $0.00 $684.41 $123,074.43
75 $123,074.43 $1,344.05 $0.00 $695.88 $125,114.36
76 $125,114.36 $1,344.05 $0.00 $707.41 $127,165.82
77 $127,165.82 $1,344.05 $0.00 $719.01 $129,228.88
78 $129,228.88 $1,344.05 $0.00 $730.68 $131,303.61
79 $131,303.61 $1,344.05 $0.00 $742.41 $133,390.07
80 $133,390.07 $1,344.05 $0.00 $754.21 $135,488.33
81 $135,488.33 $1,344.05 $0.00 $766.07 $137,598.45
82 $137,598.45 $1,344.05 $0.00 $778.00 $139,720.50
83 $139,720.50 $1,344.05 $0.00 $790.00 $141,854.55
84 $141,854.55 $1,344.05 $0.00 $802.07 $144,000.67
85 $144,000.67 $1,344.05 $0.00 $814.20 $146,158.92
86 $146,158.92 $1,344.05 $0.00 $826.40 $148,329.37
87 $148,329.37 $1,344.05 $0.00 $838.68 $150,512.10
88 $150,512.10 $1,344.05 $0.00 $851.02 $152,707.17
89 $152,707.17 $1,344.05 $0.00 $863.43 $154,914.65
90 $154,914.65 $1,344.05 $0.00 $875.91 $157,134.61
91 $157,134.61 $1,344.05 $0.00 $888.46 $159,367.12
92 $159,367.12 $1,344.05 $0.00 $901.08 $161,612.25
93 $161,612.25 $1,344.05 $0.00 $913.78 $163,870.08
94 $163,870.08 $1,344.05 $0.00 $926.55 $166,140.68
95 $166,140.68 $1,344.05 $0.00 $939.38 $168,424.11
96 $168,424.11 $1,344.05 $0.00 $952.29 $170,720.45
97 $170,720.45 $1,344.05 $0.00 $965.28 $173,029.78
98 $173,029.78 $1,344.05 $0.00 $978.34 $175,352.17
99 $175,352.17 $1,344.05 $0.00 $991.47 $177,687.69
100 $177,687.69 $1,344.05 $0.00 $1,004.67 $180,036.41
101 $180,036.41 $1,344.05 $0.00 $1,017.95 $182,398.41
102 $182,398.41 $1,344.05 $0.00 $1,031.31 $184,773.77
103 $184,773.77 $1,344.05 $0.00 $1,044.74 $187,162.56
104 $187,162.56 $1,344.05 $0.00 $1,058.24 $189,564.85
105 $189,564.85 $1,344.05 $0.00 $1,071.83 $191,980.73
106 $191,980.73 $1,344.05 $0.00 $1,085.49 $194,410.27
107 $194,410.27 $1,344.05 $0.00 $1,099.22 $196,853.54
108 $196,853.54 $1,344.05 $0.00 $1,113.04 $199,310.63
109 $199,310.63 $1,344.05 $0.00 $1,126.93 $201,781.61
110 $201,781.61 $1,344.05 $0.00 $1,140.90 $204,266.56
111 $204,266.56 $1,344.05 $0.00 $1,154.95 $206,765.56
112 $206,765.56 $1,344.05 $0.00 $1,169.08 $209,278.69
113 $209,278.69 $1,344.05 $0.00 $1,183.29 $211,806.03
114 $211,806.03 $1,344.05 $0.00 $1,197.58 $214,347.66
115 $214,347.66 $1,344.05 $0.00 $1,211.95 $216,903.66
116 $216,903.66 $1,344.05 $0.00 $1,226.40 $219,474.11
117 $219,474.11 $1,344.05 $0.00 $1,240.94 $222,059.10
118 $222,059.10 $1,344.05 $0.00 $1,255.55 $224,658.70
119 $224,658.70 $1,344.05 $0.00 $1,270.25 $227,273.00
120 $227,273.00 $1,344.05 $0.00 $1,285.03 $229,902.08
121 $229,902.08 $1,344.05 $0.00 $1,299.90 $232,546.03
122 $232,546.03 $1,344.05 $0.00 $1,314.85 $235,204.93
123 $235,204.93 $1,344.05 $0.00 $1,329.88 $237,878.86
124 $237,878.86 $1,344.05 $0.00 $1,345.00 $240,567.91
125 $240,567.91 $1,344.05 $0.00 $1,360.21 $243,272.17
126 $243,272.17 $1,344.05 $0.00 $1,375.50 $245,991.72
127 $245,991.72 $1,344.05 $0.00 $1,390.87 $248,726.64
128 $248,726.64 $1,344.05 $0.00 $1,406.34 $251,477.03
129 $251,477.03 $1,344.05 $0.00 $1,421.89 $254,242.97
130 $254,242.97 $1,344.05 $0.00 $1,437.53 $257,024.55
131 $257,024.55 $1,344.05 $0.00 $1,453.25 $259,821.85
132 $259,821.85 $1,344.05 $0.00 $1,469.07 $262,634.97
133 $262,634.97 $1,344.05 $0.00 $1,484.98 $265,464.00
134 $265,464.00 $1,344.05 $0.00 $1,500.97 $268,309.02
135 $268,309.02 $1,344.05 $0.00 $1,517.06 $271,170.13
136 $271,170.13 $1,344.05 $0.00 $1,533.24 $274,047.42
137 $274,047.42 $1,344.05 $0.00 $1,549.50 $276,940.97
138 $276,940.97 $1,344.05 $0.00 $1,565.86 $279,850.88
139 $279,850.88 $1,344.05 $0.00 $1,582.32 $282,777.25
140 $282,777.25 $1,344.05 $0.00 $1,598.86 $285,720.16
141 $285,720.16 $1,344.05 $0.00 $1,615.50 $288,679.71
142 $288,679.71 $1,344.05 $0.00 $1,632.24 $291,656.00
143 $291,656.00 $1,344.05 $0.00 $1,649.07 $294,649.12
144 $294,649.12 $1,344.05 $0.00 $1,665.99 $297,659.16
145 $297,659.16 $1,344.05 $0.00 $1,683.01 $300,686.22
146 $300,686.22 $1,344.05 $0.00 $1,700.12 $303,730.39
147 $303,730.39 $1,344.05 $0.00 $1,717.34 $306,791.78
148 $306,791.78 $1,344.05 $0.00 $1,734.65 $309,870.48
149 $309,870.48 $1,344.05 $0.00 $1,752.05 $312,966.58
150 $312,966.58 $1,344.05 $0.00 $1,769.56 $316,080.19
151 $316,080.19 $1,344.05 $0.00 $1,787.16 $319,211.40
152 $319,211.40 $1,344.05 $0.00 $1,804.87 $322,360.32
153 $322,360.32 $1,344.05 $0.00 $1,822.67 $325,527.04
154 $325,527.04 $1,344.05 $0.00 $1,840.58 $328,711.67
155 $328,711.67 $1,344.05 $0.00 $1,858.58 $331,914.30
156 $331,914.30 $1,344.05 $0.00 $1,876.69 $335,135.04
157 $335,135.04 $1,344.05 $0.00 $1,894.90 $338,373.99
158 $338,373.99 $1,344.05 $0.00 $1,913.22 $341,631.26
159 $341,631.26 $1,344.05 $0.00 $1,931.63 $344,906.94
160 $344,906.94 $1,344.05 $0.00 $1,950.15 $348,201.14
161 $348,201.14 $1,344.05 $0.00 $1,968.78 $351,513.97
162 $351,513.97 $1,344.05 $0.00 $1,987.51 $354,845.53
163 $354,845.53 $1,344.05 $0.00 $2,006.35 $358,195.93
164 $358,195.93 $1,344.05 $0.00 $2,025.29 $361,565.27
165 $361,565.27 $1,344.05 $0.00 $2,044.34 $364,953.66
166 $364,953.66 $1,344.05 $0.00 $2,063.50 $368,361.21
167 $368,361.21 $1,344.05 $0.00 $2,082.77 $371,788.03
168 $371,788.03 $1,344.05 $0.00 $2,102.14 $375,234.22
169 $375,234.22 $1,344.05 $0.00 $2,121.63 $378,699.90
170 $378,699.90 $1,344.05 $0.00 $2,141.22 $382,185.17
171 $382,185.17 $1,344.05 $0.00 $2,160.93 $385,690.15
172 $385,690.15 $1,344.05 $0.00 $2,180.75 $389,214.95
173 $389,214.95 $1,344.05 $0.00 $2,200.68 $392,759.68
174 $392,759.68 $1,344.05 $0.00 $2,220.72 $396,324.45
175 $396,324.45 $1,344.05 $0.00 $2,240.88 $399,909.38
176 $399,909.38 $1,344.05 $0.00 $2,261.15 $403,514.58
177 $403,514.58 $1,344.05 $0.00 $2,281.53 $407,140.16
178 $407,140.16 $1,344.05 $0.00 $2,302.03 $410,786.24
179 $410,786.24 $1,344.05 $0.00 $2,322.65 $414,452.94
180 $414,452.94 $1,344.05 $0.00 $2,343.38 $418,140.37
181 $418,140.37 $1,344.05 $0.00 $2,364.23 $421,848.65
182 $421,848.65 $1,344.05 $0.00 $2,385.19 $425,577.89
183 $425,577.89 $1,344.05 $0.00 $2,406.28 $429,328.22
184 $429,328.22 $1,344.05 $0.00 $2,427.48 $433,099.75
185 $433,099.75 $1,344.05 $0.00 $2,448.81 $436,892.61
186 $436,892.61 $1,344.05 $0.00 $2,470.25 $440,706.91
187 $440,706.91 $1,344.05 $0.00 $2,491.82 $444,542.78
188 $444,542.78 $1,344.05 $0.00 $2,513.51 $448,400.34
189 $448,400.34 $1,344.05 $0.00 $2,535.32 $452,279.71
190 $452,279.71 $1,344.05 $0.00 $2,557.26 $456,181.02
191 $456,181.02 $1,344.05 $0.00 $2,579.31 $460,104.38
192 $460,104.38 $1,344.05 $0.00 $2,601.50 $464,049.93
193 $464,049.93 $1,344.05 $0.00 $2,623.81 $468,017.79
194 $468,017.79 $1,344.05 $0.00 $2,646.24 $472,008.08
195 $472,008.08 $1,344.05 $0.00 $2,668.80 $476,020.93
196 $476,020.93 $1,344.05 $0.00 $2,691.49 $480,056.47
197 $480,056.47 $1,344.05 $0.00 $2,714.31 $484,114.83
198 $484,114.83 $1,344.05 $0.00 $2,737.26 $488,196.14
199 $488,196.14 $1,344.05 $0.00 $2,760.33 $492,300.52
200 $492,300.52 $1,344.05 $0.00 $2,783.54 $496,428.11
201 $496,428.11 $1,344.05 $0.00 $2,806.88 $500,579.04
202 $500,579.04 $1,344.05 $0.00 $2,830.35 $504,753.44
203 $504,753.44 $1,344.05 $0.00 $2,853.95 $508,951.44
204 $508,951.44 $1,344.05 $0.00 $2,877.69 $513,173.18
205 $513,173.18 $1,344.05 $0.00 $2,901.56 $517,418.79
206 $517,418.79 $1,344.05 $0.00 $2,925.56 $521,688.40
207 $521,688.40 $1,344.05 $0.00 $2,949.70 $525,982.15
208 $525,982.15 $1,344.05 $0.00 $2,973.98 $530,300.18
209 $530,300.18 $1,344.05 $0.00 $2,998.39 $534,642.62
210 $534,642.62 $1,344.05 $0.00 $3,022.95 $539,009.62
211 $539,009.62 $1,344.05 $0.00 $3,047.64 $543,401.31
212 $543,401.31 $1,344.05 $0.00 $3,072.47 $547,817.83
213 $547,817.83 $1,344.05 $0.00 $3,097.44 $552,259.32
214 $552,259.32 $1,344.05 $0.00 $3,122.55 $556,725.92
215 $556,725.92 $1,344.05 $0.00 $3,147.81 $561,217.78
216 $561,217.78 $1,344.05 $0.00 $3,173.21 $565,735.04
217 $565,735.04 $1,344.05 $153,212.33 $3,198.75 $417,065.51
218 $417,065.51 $1,344.05 $0.00 $2,358.15 $420,767.71
219 $420,767.71 $1,344.05 $0.00 $2,379.08 $424,490.84
220 $424,490.84 $1,344.05 $0.00 $2,400.13 $428,235.02
221 $428,235.02 $1,344.05 $0.00 $2,421.30 $432,000.37
222 $432,000.37 $1,344.05 $0.00 $2,442.59 $435,787.01
223 $435,787.01 $1,344.05 $0.00 $2,464.00 $439,595.06
224 $439,595.06 $1,344.05 $0.00 $2,485.53 $443,424.64
225 $443,424.64 $1,344.05 $0.00 $2,507.19 $447,275.88
226 $447,275.88 $1,344.05 $0.00 $2,528.96 $451,148.89
227 $451,148.89 $1,344.05 $0.00 $2,550.86 $455,043.80
228 $455,043.80 $1,344.05 $0.00 $2,572.88 $458,960.73
229 $458,960.73 $1,344.05 $163,937.19 $2,595.03 $298,962.62
230 $298,962.62 $1,344.05 $0.00 $1,690.38 $301,997.05
231 $301,997.05 $1,344.05 $0.00 $1,707.54 $305,048.64
232 $305,048.64 $1,344.05 $0.00 $1,724.79 $308,117.48
233 $308,117.48 $1,344.05 $0.00 $1,742.14 $311,203.67
234 $311,203.67 $1,344.05 $0.00 $1,759.59 $314,307.31
235 $314,307.31 $1,344.05 $0.00 $1,777.14 $317,428.50
236 $317,428.50 $1,344.05 $0.00 $1,794.79 $320,567.34
237 $320,567.34 $1,344.05 $0.00 $1,812.53 $323,723.92
238 $323,723.92 $1,344.05 $0.00 $1,830.38 $326,898.35
239 $326,898.35 $1,344.05 $0.00 $1,848.33 $330,090.73
240 $330,090.73 $1,344.05 $0.00 $1,866.38 $333,301.16
241 $333,301.16 $1,344.05 $175,412.80 $1,884.53 $161,116.94
242 $161,116.94 $1,344.05 $0.00 $910.98 $163,371.97
243 $163,371.97 $1,344.05 $0.00 $923.73 $165,639.75
244 $165,639.75 $1,344.05 $0.00 $936.55 $167,920.35
245 $167,920.35 $1,344.05 $0.00 $949.45 $170,213.85
246 $170,213.85 $1,344.05 $0.00 $962.41 $172,520.31
247 $172,520.31 $1,344.05 $0.00 $975.45 $174,839.81
248 $174,839.81 $1,344.05 $0.00 $988.57 $177,172.43
249 $177,172.43 $1,344.05 $0.00 $1,001.76 $179,518.24
250 $179,518.24 $1,344.05 $0.00 $1,015.02 $181,877.31
251 $181,877.31 $1,344.05 $0.00 $1,028.36 $184,249.72
252 $184,249.72 $1,344.05 $0.00 $1,041.77 $186,635.54
253 $186,635.54 $0.00 $187,691.69 $1,055.26 -$0.89