Savings Plan and Future Cost Estimation for King's University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$89,909
Monthly savings required$712

How much will it cost to send your child to King's University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $359,636.38 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $711.70 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$34,671.00
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 $711.70 $0.00 $0.00 $711.70
2 $711.70 $711.70 $0.00 $4.02 $1,427.42
3 $1,427.42 $711.70 $0.00 $8.07 $2,147.19
4 $2,147.19 $711.70 $0.00 $12.14 $2,871.03
5 $2,871.03 $711.70 $0.00 $16.23 $3,598.96
6 $3,598.96 $711.70 $0.00 $20.35 $4,331.01
7 $4,331.01 $711.70 $0.00 $24.49 $5,067.20
8 $5,067.20 $711.70 $0.00 $28.65 $5,807.55
9 $5,807.55 $711.70 $0.00 $32.84 $6,552.09
10 $6,552.09 $711.70 $0.00 $37.05 $7,300.84
11 $7,300.84 $711.70 $0.00 $41.28 $8,053.82
12 $8,053.82 $711.70 $0.00 $45.54 $8,811.06
13 $8,811.06 $711.70 $0.00 $49.82 $9,572.58
14 $9,572.58 $711.70 $0.00 $54.12 $10,338.40
15 $10,338.40 $711.70 $0.00 $58.45 $11,108.55
16 $11,108.55 $711.70 $0.00 $62.81 $11,883.06
17 $11,883.06 $711.70 $0.00 $67.19 $12,661.95
18 $12,661.95 $711.70 $0.00 $71.59 $13,445.24
19 $13,445.24 $711.70 $0.00 $76.02 $14,232.96
20 $14,232.96 $711.70 $0.00 $80.48 $15,025.14
21 $15,025.14 $711.70 $0.00 $84.95 $15,821.79
22 $15,821.79 $711.70 $0.00 $89.46 $16,622.95
23 $16,622.95 $711.70 $0.00 $93.99 $17,428.64
24 $17,428.64 $711.70 $0.00 $98.54 $18,238.88
25 $18,238.88 $711.70 $0.00 $103.13 $19,053.71
26 $19,053.71 $711.70 $0.00 $107.73 $19,873.14
27 $19,873.14 $711.70 $0.00 $112.37 $20,697.21
28 $20,697.21 $711.70 $0.00 $117.03 $21,525.94
29 $21,525.94 $711.70 $0.00 $121.71 $22,359.35
30 $22,359.35 $711.70 $0.00 $126.42 $23,197.47
31 $23,197.47 $711.70 $0.00 $131.16 $24,040.33
32 $24,040.33 $711.70 $0.00 $135.93 $24,887.96
33 $24,887.96 $711.70 $0.00 $140.72 $25,740.38
34 $25,740.38 $711.70 $0.00 $145.54 $26,597.62
35 $26,597.62 $711.70 $0.00 $150.39 $27,459.71
36 $27,459.71 $711.70 $0.00 $155.26 $28,326.67
37 $28,326.67 $711.70 $0.00 $160.16 $29,198.53
38 $29,198.53 $711.70 $0.00 $165.09 $30,075.32
39 $30,075.32 $711.70 $0.00 $170.05 $30,957.07
40 $30,957.07 $711.70 $0.00 $175.04 $31,843.81
41 $31,843.81 $711.70 $0.00 $180.05 $32,735.56
42 $32,735.56 $711.70 $0.00 $185.09 $33,632.35
43 $33,632.35 $711.70 $0.00 $190.16 $34,534.21
44 $34,534.21 $711.70 $0.00 $195.26 $35,441.17
45 $35,441.17 $711.70 $0.00 $200.39 $36,353.26
46 $36,353.26 $711.70 $0.00 $205.55 $37,270.51
47 $37,270.51 $711.70 $0.00 $210.73 $38,192.94
48 $38,192.94 $711.70 $0.00 $215.95 $39,120.59
49 $39,120.59 $711.70 $0.00 $221.19 $40,053.48
50 $40,053.48 $711.70 $0.00 $226.47 $40,991.65
51 $40,991.65 $711.70 $0.00 $231.77 $41,935.12
52 $41,935.12 $711.70 $0.00 $237.11 $42,883.93
53 $42,883.93 $711.70 $0.00 $242.47 $43,838.10
54 $43,838.10 $711.70 $0.00 $247.87 $44,797.67
55 $44,797.67 $711.70 $0.00 $253.29 $45,762.66
56 $45,762.66 $711.70 $0.00 $258.75 $46,733.11
57 $46,733.11 $711.70 $0.00 $264.24 $47,709.05
58 $47,709.05 $711.70 $0.00 $269.75 $48,690.50
59 $48,690.50 $711.70 $0.00 $275.30 $49,677.50
60 $49,677.50 $711.70 $0.00 $280.88 $50,670.08
61 $50,670.08 $711.70 $0.00 $286.50 $51,668.28
62 $51,668.28 $711.70 $0.00 $292.14 $52,672.12
63 $52,672.12 $711.70 $0.00 $297.82 $53,681.64
64 $53,681.64 $711.70 $0.00 $303.52 $54,696.86
65 $54,696.86 $711.70 $0.00 $309.26 $55,717.82
66 $55,717.82 $711.70 $0.00 $315.04 $56,744.56
67 $56,744.56 $711.70 $0.00 $320.84 $57,777.10
68 $57,777.10 $711.70 $0.00 $326.68 $58,815.48
69 $58,815.48 $711.70 $0.00 $332.55 $59,859.73
70 $59,859.73 $711.70 $0.00 $338.46 $60,909.89
71 $60,909.89 $711.70 $0.00 $344.39 $61,965.98
72 $61,965.98 $711.70 $0.00 $350.36 $63,028.04
73 $63,028.04 $711.70 $0.00 $356.37 $64,096.11
74 $64,096.11 $711.70 $0.00 $362.41 $65,170.22
75 $65,170.22 $711.70 $0.00 $368.48 $66,250.40
76 $66,250.40 $711.70 $0.00 $374.59 $67,336.69
77 $67,336.69 $711.70 $0.00 $380.73 $68,429.12
78 $68,429.12 $711.70 $0.00 $386.91 $69,527.73
79 $69,527.73 $711.70 $0.00 $393.12 $70,632.55
80 $70,632.55 $711.70 $0.00 $399.37 $71,743.62
81 $71,743.62 $711.70 $0.00 $405.65 $72,860.97
82 $72,860.97 $711.70 $0.00 $411.97 $73,984.64
83 $73,984.64 $711.70 $0.00 $418.32 $75,114.66
84 $75,114.66 $711.70 $0.00 $424.71 $76,251.07
85 $76,251.07 $711.70 $0.00 $431.13 $77,393.90
86 $77,393.90 $711.70 $0.00 $437.60 $78,543.20
87 $78,543.20 $711.70 $0.00 $444.09 $79,698.99
88 $79,698.99 $711.70 $0.00 $450.63 $80,861.32
89 $80,861.32 $711.70 $0.00 $457.20 $82,030.22
90 $82,030.22 $711.70 $0.00 $463.81 $83,205.73
91 $83,205.73 $711.70 $0.00 $470.46 $84,387.89
92 $84,387.89 $711.70 $0.00 $477.14 $85,576.73
93 $85,576.73 $711.70 $0.00 $483.86 $86,772.29
94 $86,772.29 $711.70 $0.00 $490.62 $87,974.61
95 $87,974.61 $711.70 $0.00 $497.42 $89,183.73
96 $89,183.73 $711.70 $0.00 $504.26 $90,399.69
97 $90,399.69 $711.70 $0.00 $511.13 $91,622.52
98 $91,622.52 $711.70 $0.00 $518.05 $92,852.27
99 $92,852.27 $711.70 $0.00 $525.00 $94,088.97
100 $94,088.97 $711.70 $0.00 $531.99 $95,332.66
101 $95,332.66 $711.70 $0.00 $539.02 $96,583.38
102 $96,583.38 $711.70 $0.00 $546.10 $97,841.18
103 $97,841.18 $711.70 $0.00 $553.21 $99,106.09
104 $99,106.09 $711.70 $0.00 $560.36 $100,378.15
105 $100,378.15 $711.70 $0.00 $567.55 $101,657.40
106 $101,657.40 $711.70 $0.00 $574.79 $102,943.89
107 $102,943.89 $711.70 $0.00 $582.06 $104,237.65
108 $104,237.65 $711.70 $0.00 $589.37 $105,538.72
109 $105,538.72 $711.70 $0.00 $596.73 $106,847.15
110 $106,847.15 $711.70 $0.00 $604.13 $108,162.98
111 $108,162.98 $711.70 $0.00 $611.57 $109,486.25
112 $109,486.25 $711.70 $0.00 $619.05 $110,817.00
113 $110,817.00 $711.70 $0.00 $626.58 $112,155.28
114 $112,155.28 $711.70 $0.00 $634.14 $113,501.12
115 $113,501.12 $711.70 $0.00 $641.75 $114,854.57
116 $114,854.57 $711.70 $0.00 $649.40 $116,215.67
117 $116,215.67 $711.70 $0.00 $657.10 $117,584.47
118 $117,584.47 $711.70 $0.00 $664.84 $118,961.01
119 $118,961.01 $711.70 $0.00 $672.62 $120,345.33
120 $120,345.33 $711.70 $0.00 $680.45 $121,737.48
121 $121,737.48 $711.70 $0.00 $688.32 $123,137.50
122 $123,137.50 $711.70 $0.00 $696.24 $124,545.44
123 $124,545.44 $711.70 $0.00 $704.20 $125,961.34
124 $125,961.34 $711.70 $0.00 $712.20 $127,385.24
125 $127,385.24 $711.70 $0.00 $720.25 $128,817.19
126 $128,817.19 $711.70 $0.00 $728.35 $130,257.24
127 $130,257.24 $711.70 $0.00 $736.49 $131,705.43
128 $131,705.43 $711.70 $0.00 $744.68 $133,161.81
129 $133,161.81 $711.70 $0.00 $752.92 $134,626.43
130 $134,626.43 $711.70 $0.00 $761.20 $136,099.33
131 $136,099.33 $711.70 $0.00 $769.53 $137,580.56
132 $137,580.56 $711.70 $0.00 $777.90 $139,070.16
133 $139,070.16 $711.70 $0.00 $786.32 $140,568.18
134 $140,568.18 $711.70 $0.00 $794.79 $142,074.67
135 $142,074.67 $711.70 $0.00 $803.31 $143,589.68
136 $143,589.68 $711.70 $0.00 $811.88 $145,113.26
137 $145,113.26 $711.70 $0.00 $820.49 $146,645.45
138 $146,645.45 $711.70 $0.00 $829.15 $148,186.30
139 $148,186.30 $711.70 $0.00 $837.87 $149,735.87
140 $149,735.87 $711.70 $0.00 $846.63 $151,294.20
141 $151,294.20 $711.70 $0.00 $855.44 $152,861.34
142 $152,861.34 $711.70 $0.00 $864.30 $154,437.34
143 $154,437.34 $711.70 $0.00 $873.21 $156,022.25
144 $156,022.25 $711.70 $0.00 $882.17 $157,616.12
145 $157,616.12 $711.70 $0.00 $891.18 $159,219.00
146 $159,219.00 $711.70 $0.00 $900.25 $160,830.95
147 $160,830.95 $711.70 $0.00 $909.36 $162,452.01
148 $162,452.01 $711.70 $0.00 $918.53 $164,082.24
149 $164,082.24 $711.70 $0.00 $927.74 $165,721.68
150 $165,721.68 $711.70 $0.00 $937.01 $167,370.39
151 $167,370.39 $711.70 $0.00 $946.34 $169,028.43
152 $169,028.43 $711.70 $0.00 $955.71 $170,695.84
153 $170,695.84 $711.70 $0.00 $965.14 $172,372.68
154 $172,372.68 $711.70 $0.00 $974.62 $174,059.00
155 $174,059.00 $711.70 $0.00 $984.15 $175,754.85
156 $175,754.85 $711.70 $0.00 $993.74 $177,460.29
157 $177,460.29 $711.70 $0.00 $1,003.39 $179,175.38
158 $179,175.38 $711.70 $0.00 $1,013.08 $180,900.16
159 $180,900.16 $711.70 $0.00 $1,022.84 $182,634.70
160 $182,634.70 $711.70 $0.00 $1,032.64 $184,379.04
161 $184,379.04 $711.70 $0.00 $1,042.51 $186,133.25
162 $186,133.25 $711.70 $0.00 $1,052.42 $187,897.37
163 $187,897.37 $711.70 $0.00 $1,062.40 $189,671.47
164 $189,671.47 $711.70 $0.00 $1,072.43 $191,455.60
165 $191,455.60 $711.70 $0.00 $1,082.52 $193,249.82
166 $193,249.82 $711.70 $0.00 $1,092.66 $195,054.18
167 $195,054.18 $711.70 $0.00 $1,102.86 $196,868.74
168 $196,868.74 $711.70 $0.00 $1,113.12 $198,693.56
169 $198,693.56 $711.70 $0.00 $1,123.44 $200,528.70
170 $200,528.70 $711.70 $0.00 $1,133.82 $202,374.22
171 $202,374.22 $711.70 $0.00 $1,144.25 $204,230.17
172 $204,230.17 $711.70 $0.00 $1,154.75 $206,096.62
173 $206,096.62 $711.70 $0.00 $1,165.30 $207,973.62
174 $207,973.62 $711.70 $0.00 $1,175.91 $209,861.23
175 $209,861.23 $711.70 $0.00 $1,186.59 $211,759.52
176 $211,759.52 $711.70 $0.00 $1,197.32 $213,668.54
177 $213,668.54 $711.70 $0.00 $1,208.11 $215,588.35
178 $215,588.35 $711.70 $0.00 $1,218.97 $217,519.02
179 $217,519.02 $711.70 $0.00 $1,229.88 $219,460.60
180 $219,460.60 $711.70 $0.00 $1,240.86 $221,413.16
181 $221,413.16 $711.70 $0.00 $1,251.90 $223,376.76
182 $223,376.76 $711.70 $0.00 $1,263.00 $225,351.46
183 $225,351.46 $711.70 $0.00 $1,274.17 $227,337.33
184 $227,337.33 $711.70 $0.00 $1,285.40 $229,334.43
185 $229,334.43 $711.70 $0.00 $1,296.69 $231,342.82
186 $231,342.82 $711.70 $0.00 $1,308.05 $233,362.57
187 $233,362.57 $711.70 $0.00 $1,319.47 $235,393.74
188 $235,393.74 $711.70 $0.00 $1,330.95 $237,436.39
189 $237,436.39 $711.70 $0.00 $1,342.50 $239,490.59
190 $239,490.59 $711.70 $0.00 $1,354.11 $241,556.40
191 $241,556.40 $711.70 $0.00 $1,365.80 $243,633.90
192 $243,633.90 $711.70 $0.00 $1,377.54 $245,723.14
193 $245,723.14 $711.70 $0.00 $1,389.35 $247,824.19
194 $247,824.19 $711.70 $0.00 $1,401.23 $249,937.12
195 $249,937.12 $711.70 $0.00 $1,413.18 $252,062.00
196 $252,062.00 $711.70 $0.00 $1,425.20 $254,198.90
197 $254,198.90 $711.70 $0.00 $1,437.28 $256,347.88
198 $256,347.88 $711.70 $0.00 $1,449.43 $258,509.01
199 $258,509.01 $711.70 $0.00 $1,461.65 $260,682.36
200 $260,682.36 $711.70 $0.00 $1,473.94 $262,868.00
201 $262,868.00 $711.70 $0.00 $1,486.29 $265,065.99
202 $265,065.99 $711.70 $0.00 $1,498.72 $267,276.41
203 $267,276.41 $711.70 $0.00 $1,511.22 $269,499.33
204 $269,499.33 $711.70 $0.00 $1,523.79 $271,734.82
205 $271,734.82 $711.70 $0.00 $1,536.43 $273,982.95
206 $273,982.95 $711.70 $0.00 $1,549.14 $276,243.79
207 $276,243.79 $711.70 $0.00 $1,561.92 $278,517.41
208 $278,517.41 $711.70 $0.00 $1,574.78 $280,803.89
209 $280,803.89 $711.70 $0.00 $1,587.71 $283,103.30
210 $283,103.30 $711.70 $0.00 $1,600.71 $285,415.71
211 $285,415.71 $711.70 $0.00 $1,613.78 $287,741.19
212 $287,741.19 $711.70 $0.00 $1,626.93 $290,079.82
213 $290,079.82 $711.70 $0.00 $1,640.15 $292,431.67
214 $292,431.67 $711.70 $0.00 $1,653.45 $294,796.82
215 $294,796.82 $711.70 $0.00 $1,666.82 $297,175.34
216 $297,175.34 $711.70 $0.00 $1,680.27 $299,567.31
217 $299,567.31 $711.70 $83,439.90 $1,693.80 $218,532.91
218 $218,532.91 $711.70 $0.00 $1,235.62 $220,480.23
219 $220,480.23 $711.70 $0.00 $1,246.63 $222,438.56
220 $222,438.56 $711.70 $0.00 $1,257.70 $224,407.96
221 $224,407.96 $711.70 $0.00 $1,268.84 $226,388.50
222 $226,388.50 $711.70 $0.00 $1,280.03 $228,380.23
223 $228,380.23 $711.70 $0.00 $1,291.30 $230,383.23
224 $230,383.23 $711.70 $0.00 $1,302.62 $232,397.55
225 $232,397.55 $711.70 $0.00 $1,314.01 $234,423.26
226 $234,423.26 $711.70 $0.00 $1,325.46 $236,460.42
227 $236,460.42 $711.70 $0.00 $1,336.98 $238,509.10
228 $238,509.10 $711.70 $0.00 $1,348.57 $240,569.37
229 $240,569.37 $711.70 $87,611.89 $1,360.21 $155,029.39
230 $155,029.39 $711.70 $0.00 $876.56 $156,617.65
231 $156,617.65 $711.70 $0.00 $885.54 $158,214.89
232 $158,214.89 $711.70 $0.00 $894.57 $159,821.16
233 $159,821.16 $711.70 $0.00 $903.65 $161,436.51
234 $161,436.51 $711.70 $0.00 $912.79 $163,061.00
235 $163,061.00 $711.70 $0.00 $921.97 $164,694.67
236 $164,694.67 $711.70 $0.00 $931.21 $166,337.58
237 $166,337.58 $711.70 $0.00 $940.50 $167,989.78
238 $167,989.78 $711.70 $0.00 $949.84 $169,651.32
239 $169,651.32 $711.70 $0.00 $959.23 $171,322.25
240 $171,322.25 $711.70 $0.00 $968.68 $173,002.63
241 $173,002.63 $711.70 $91,992.48 $978.18 $82,700.03
242 $82,700.03 $711.70 $0.00 $467.60 $83,879.33
243 $83,879.33 $711.70 $0.00 $474.27 $85,065.30
244 $85,065.30 $711.70 $0.00 $480.97 $86,257.97
245 $86,257.97 $711.70 $0.00 $487.72 $87,457.39
246 $87,457.39 $711.70 $0.00 $494.50 $88,663.59
247 $88,663.59 $711.70 $0.00 $501.32 $89,876.61
248 $89,876.61 $711.70 $0.00 $508.18 $91,096.49
249 $91,096.49 $711.70 $0.00 $515.07 $92,323.26
250 $92,323.26 $711.70 $0.00 $522.01 $93,556.97
251 $93,556.97 $711.70 $0.00 $528.98 $94,797.65
252 $94,797.65 $711.70 $0.00 $536.00 $96,045.35
253 $96,045.35 $0.00 $96,592.11 $543.05 ($3.71)