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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$127,057
Monthly savings required$1,006

How much will it cost to send your child to Soka University of America in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $508,227.17 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,005.76 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$48,996.00
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 $1,005.76 $0.00 $0.00 $1,005.76
2 $1,005.76 $1,005.76 $0.00 $5.69 $2,017.21
3 $2,017.21 $1,005.76 $0.00 $11.41 $3,034.38
4 $3,034.38 $1,005.76 $0.00 $17.16 $4,057.30
5 $4,057.30 $1,005.76 $0.00 $22.94 $5,086.00
6 $5,086.00 $1,005.76 $0.00 $28.76 $6,120.52
7 $6,120.52 $1,005.76 $0.00 $34.61 $7,160.89
8 $7,160.89 $1,005.76 $0.00 $40.49 $8,207.14
9 $8,207.14 $1,005.76 $0.00 $46.40 $9,259.30
10 $9,259.30 $1,005.76 $0.00 $52.35 $10,317.41
11 $10,317.41 $1,005.76 $0.00 $58.34 $11,381.51
12 $11,381.51 $1,005.76 $0.00 $64.35 $12,451.62
13 $12,451.62 $1,005.76 $0.00 $70.40 $13,527.78
14 $13,527.78 $1,005.76 $0.00 $76.49 $14,610.03
15 $14,610.03 $1,005.76 $0.00 $82.61 $15,698.40
16 $15,698.40 $1,005.76 $0.00 $88.76 $16,792.92
17 $16,792.92 $1,005.76 $0.00 $94.95 $17,893.63
18 $17,893.63 $1,005.76 $0.00 $101.17 $19,000.56
19 $19,000.56 $1,005.76 $0.00 $107.43 $20,113.75
20 $20,113.75 $1,005.76 $0.00 $113.73 $21,233.24
21 $21,233.24 $1,005.76 $0.00 $120.06 $22,359.06
22 $22,359.06 $1,005.76 $0.00 $126.42 $23,491.24
23 $23,491.24 $1,005.76 $0.00 $132.82 $24,629.82
24 $24,629.82 $1,005.76 $0.00 $139.26 $25,774.84
25 $25,774.84 $1,005.76 $0.00 $145.73 $26,926.33
26 $26,926.33 $1,005.76 $0.00 $152.25 $28,084.34
27 $28,084.34 $1,005.76 $0.00 $158.79 $29,248.89
28 $29,248.89 $1,005.76 $0.00 $165.38 $30,420.03
29 $30,420.03 $1,005.76 $0.00 $172.00 $31,597.79
30 $31,597.79 $1,005.76 $0.00 $178.66 $32,782.21
31 $32,782.21 $1,005.76 $0.00 $185.36 $33,973.33
32 $33,973.33 $1,005.76 $0.00 $192.09 $35,171.18
33 $35,171.18 $1,005.76 $0.00 $198.86 $36,375.80
34 $36,375.80 $1,005.76 $0.00 $205.67 $37,587.23
35 $37,587.23 $1,005.76 $0.00 $212.52 $38,805.51
36 $38,805.51 $1,005.76 $0.00 $219.41 $40,030.68
37 $40,030.68 $1,005.76 $0.00 $226.34 $41,262.78
38 $41,262.78 $1,005.76 $0.00 $233.31 $42,501.85
39 $42,501.85 $1,005.76 $0.00 $240.31 $43,747.92
40 $43,747.92 $1,005.76 $0.00 $247.36 $45,001.04
41 $45,001.04 $1,005.76 $0.00 $254.44 $46,261.24
42 $46,261.24 $1,005.76 $0.00 $261.57 $47,528.57
43 $47,528.57 $1,005.76 $0.00 $268.73 $48,803.06
44 $48,803.06 $1,005.76 $0.00 $275.94 $50,084.76
45 $50,084.76 $1,005.76 $0.00 $283.19 $51,373.71
46 $51,373.71 $1,005.76 $0.00 $290.47 $52,669.94
47 $52,669.94 $1,005.76 $0.00 $297.80 $53,973.50
48 $53,973.50 $1,005.76 $0.00 $305.17 $55,284.43
49 $55,284.43 $1,005.76 $0.00 $312.59 $56,602.78
50 $56,602.78 $1,005.76 $0.00 $320.04 $57,928.58
51 $57,928.58 $1,005.76 $0.00 $327.54 $59,261.88
52 $59,261.88 $1,005.76 $0.00 $335.08 $60,602.72
53 $60,602.72 $1,005.76 $0.00 $342.66 $61,951.14
54 $61,951.14 $1,005.76 $0.00 $350.28 $63,307.18
55 $63,307.18 $1,005.76 $0.00 $357.95 $64,670.89
56 $64,670.89 $1,005.76 $0.00 $365.66 $66,042.31
57 $66,042.31 $1,005.76 $0.00 $373.41 $67,421.48
58 $67,421.48 $1,005.76 $0.00 $381.21 $68,808.45
59 $68,808.45 $1,005.76 $0.00 $389.05 $70,203.26
60 $70,203.26 $1,005.76 $0.00 $396.94 $71,605.96
61 $71,605.96 $1,005.76 $0.00 $404.87 $73,016.59
62 $73,016.59 $1,005.76 $0.00 $412.85 $74,435.20
63 $74,435.20 $1,005.76 $0.00 $420.87 $75,861.83
64 $75,861.83 $1,005.76 $0.00 $428.93 $77,296.52
65 $77,296.52 $1,005.76 $0.00 $437.05 $78,739.33
66 $78,739.33 $1,005.76 $0.00 $445.20 $80,190.29
67 $80,190.29 $1,005.76 $0.00 $453.41 $81,649.46
68 $81,649.46 $1,005.76 $0.00 $461.66 $83,116.88
69 $83,116.88 $1,005.76 $0.00 $469.95 $84,592.59
70 $84,592.59 $1,005.76 $0.00 $478.30 $86,076.65
71 $86,076.65 $1,005.76 $0.00 $486.69 $87,569.10
72 $87,569.10 $1,005.76 $0.00 $495.13 $89,069.99
73 $89,069.99 $1,005.76 $0.00 $503.61 $90,579.36
74 $90,579.36 $1,005.76 $0.00 $512.15 $92,097.27
75 $92,097.27 $1,005.76 $0.00 $520.73 $93,623.76
76 $93,623.76 $1,005.76 $0.00 $529.36 $95,158.88
77 $95,158.88 $1,005.76 $0.00 $538.04 $96,702.68
78 $96,702.68 $1,005.76 $0.00 $546.77 $98,255.21
79 $98,255.21 $1,005.76 $0.00 $555.55 $99,816.52
80 $99,816.52 $1,005.76 $0.00 $564.38 $101,386.66
81 $101,386.66 $1,005.76 $0.00 $573.25 $102,965.67
82 $102,965.67 $1,005.76 $0.00 $582.18 $104,553.61
83 $104,553.61 $1,005.76 $0.00 $591.16 $106,150.53
84 $106,150.53 $1,005.76 $0.00 $600.19 $107,756.48
85 $107,756.48 $1,005.76 $0.00 $609.27 $109,371.51
86 $109,371.51 $1,005.76 $0.00 $618.40 $110,995.67
87 $110,995.67 $1,005.76 $0.00 $627.59 $112,629.02
88 $112,629.02 $1,005.76 $0.00 $636.82 $114,271.60
89 $114,271.60 $1,005.76 $0.00 $646.11 $115,923.47
90 $115,923.47 $1,005.76 $0.00 $655.45 $117,584.68
91 $117,584.68 $1,005.76 $0.00 $664.84 $119,255.28
92 $119,255.28 $1,005.76 $0.00 $674.29 $120,935.33
93 $120,935.33 $1,005.76 $0.00 $683.79 $122,624.88
94 $122,624.88 $1,005.76 $0.00 $693.34 $124,323.98
95 $124,323.98 $1,005.76 $0.00 $702.95 $126,032.69
96 $126,032.69 $1,005.76 $0.00 $712.61 $127,751.06
97 $127,751.06 $1,005.76 $0.00 $722.32 $129,479.14
98 $129,479.14 $1,005.76 $0.00 $732.09 $131,216.99
99 $131,216.99 $1,005.76 $0.00 $741.92 $132,964.67
100 $132,964.67 $1,005.76 $0.00 $751.80 $134,722.23
101 $134,722.23 $1,005.76 $0.00 $761.74 $136,489.73
102 $136,489.73 $1,005.76 $0.00 $771.73 $138,267.22
103 $138,267.22 $1,005.76 $0.00 $781.78 $140,054.76
104 $140,054.76 $1,005.76 $0.00 $791.89 $141,852.41
105 $141,852.41 $1,005.76 $0.00 $802.05 $143,660.22
106 $143,660.22 $1,005.76 $0.00 $812.28 $145,478.26
107 $145,478.26 $1,005.76 $0.00 $822.56 $147,306.58
108 $147,306.58 $1,005.76 $0.00 $832.89 $149,145.23
109 $149,145.23 $1,005.76 $0.00 $843.29 $150,994.28
110 $150,994.28 $1,005.76 $0.00 $853.74 $152,853.78
111 $152,853.78 $1,005.76 $0.00 $864.26 $154,723.80
112 $154,723.80 $1,005.76 $0.00 $874.83 $156,604.39
113 $156,604.39 $1,005.76 $0.00 $885.46 $158,495.61
114 $158,495.61 $1,005.76 $0.00 $896.16 $160,397.53
115 $160,397.53 $1,005.76 $0.00 $906.91 $162,310.20
116 $162,310.20 $1,005.76 $0.00 $917.73 $164,233.69
117 $164,233.69 $1,005.76 $0.00 $928.60 $166,168.05
118 $166,168.05 $1,005.76 $0.00 $939.54 $168,113.35
119 $168,113.35 $1,005.76 $0.00 $950.54 $170,069.65
120 $170,069.65 $1,005.76 $0.00 $961.60 $172,037.01
121 $172,037.01 $1,005.76 $0.00 $972.72 $174,015.49
122 $174,015.49 $1,005.76 $0.00 $983.91 $176,005.16
123 $176,005.16 $1,005.76 $0.00 $995.16 $178,006.08
124 $178,006.08 $1,005.76 $0.00 $1,006.47 $180,018.31
125 $180,018.31 $1,005.76 $0.00 $1,017.85 $182,041.92
126 $182,041.92 $1,005.76 $0.00 $1,029.29 $184,076.97
127 $184,076.97 $1,005.76 $0.00 $1,040.80 $186,123.53
128 $186,123.53 $1,005.76 $0.00 $1,052.37 $188,181.66
129 $188,181.66 $1,005.76 $0.00 $1,064.01 $190,251.43
130 $190,251.43 $1,005.76 $0.00 $1,075.71 $192,332.90
131 $192,332.90 $1,005.76 $0.00 $1,087.48 $194,426.14
132 $194,426.14 $1,005.76 $0.00 $1,099.31 $196,531.21
133 $196,531.21 $1,005.76 $0.00 $1,111.22 $198,648.19
134 $198,648.19 $1,005.76 $0.00 $1,123.19 $200,777.14
135 $200,777.14 $1,005.76 $0.00 $1,135.22 $202,918.12
136 $202,918.12 $1,005.76 $0.00 $1,147.33 $205,071.21
137 $205,071.21 $1,005.76 $0.00 $1,159.50 $207,236.47
138 $207,236.47 $1,005.76 $0.00 $1,171.75 $209,413.98
139 $209,413.98 $1,005.76 $0.00 $1,184.06 $211,603.80
140 $211,603.80 $1,005.76 $0.00 $1,196.44 $213,806.00
141 $213,806.00 $1,005.76 $0.00 $1,208.89 $216,020.65
142 $216,020.65 $1,005.76 $0.00 $1,221.41 $218,247.82
143 $218,247.82 $1,005.76 $0.00 $1,234.00 $220,487.58
144 $220,487.58 $1,005.76 $0.00 $1,246.67 $222,740.01
145 $222,740.01 $1,005.76 $0.00 $1,259.40 $225,005.17
146 $225,005.17 $1,005.76 $0.00 $1,272.21 $227,283.14
147 $227,283.14 $1,005.76 $0.00 $1,285.09 $229,573.99
148 $229,573.99 $1,005.76 $0.00 $1,298.04 $231,877.79
149 $231,877.79 $1,005.76 $0.00 $1,311.07 $234,194.62
150 $234,194.62 $1,005.76 $0.00 $1,324.17 $236,524.55
151 $236,524.55 $1,005.76 $0.00 $1,337.34 $238,867.65
152 $238,867.65 $1,005.76 $0.00 $1,350.59 $241,224.00
153 $241,224.00 $1,005.76 $0.00 $1,363.92 $243,593.68
154 $243,593.68 $1,005.76 $0.00 $1,377.31 $245,976.75
155 $245,976.75 $1,005.76 $0.00 $1,390.79 $248,373.30
156 $248,373.30 $1,005.76 $0.00 $1,404.34 $250,783.40
157 $250,783.40 $1,005.76 $0.00 $1,417.97 $253,207.13
158 $253,207.13 $1,005.76 $0.00 $1,431.67 $255,644.56
159 $255,644.56 $1,005.76 $0.00 $1,445.45 $258,095.77
160 $258,095.77 $1,005.76 $0.00 $1,459.31 $260,560.84
161 $260,560.84 $1,005.76 $0.00 $1,473.25 $263,039.85
162 $263,039.85 $1,005.76 $0.00 $1,487.27 $265,532.88
163 $265,532.88 $1,005.76 $0.00 $1,501.36 $268,040.00
164 $268,040.00 $1,005.76 $0.00 $1,515.54 $270,561.30
165 $270,561.30 $1,005.76 $0.00 $1,529.79 $273,096.85
166 $273,096.85 $1,005.76 $0.00 $1,544.13 $275,646.74
167 $275,646.74 $1,005.76 $0.00 $1,558.55 $278,211.05
168 $278,211.05 $1,005.76 $0.00 $1,573.05 $280,789.86
169 $280,789.86 $1,005.76 $0.00 $1,587.63 $283,383.25
170 $283,383.25 $1,005.76 $0.00 $1,602.29 $285,991.30
171 $285,991.30 $1,005.76 $0.00 $1,617.04 $288,614.10
172 $288,614.10 $1,005.76 $0.00 $1,631.87 $291,251.73
173 $291,251.73 $1,005.76 $0.00 $1,646.78 $293,904.27
174 $293,904.27 $1,005.76 $0.00 $1,661.78 $296,571.81
175 $296,571.81 $1,005.76 $0.00 $1,676.86 $299,254.43
176 $299,254.43 $1,005.76 $0.00 $1,692.03 $301,952.22
177 $301,952.22 $1,005.76 $0.00 $1,707.28 $304,665.26
178 $304,665.26 $1,005.76 $0.00 $1,722.62 $307,393.64
179 $307,393.64 $1,005.76 $0.00 $1,738.05 $310,137.45
180 $310,137.45 $1,005.76 $0.00 $1,753.56 $312,896.77
181 $312,896.77 $1,005.76 $0.00 $1,769.16 $315,671.69
182 $315,671.69 $1,005.76 $0.00 $1,784.85 $318,462.30
183 $318,462.30 $1,005.76 $0.00 $1,800.63 $321,268.69
184 $321,268.69 $1,005.76 $0.00 $1,816.50 $324,090.95
185 $324,090.95 $1,005.76 $0.00 $1,832.46 $326,929.17
186 $326,929.17 $1,005.76 $0.00 $1,848.51 $329,783.44
187 $329,783.44 $1,005.76 $0.00 $1,864.64 $332,653.84
188 $332,653.84 $1,005.76 $0.00 $1,880.87 $335,540.47
189 $335,540.47 $1,005.76 $0.00 $1,897.19 $338,443.42
190 $338,443.42 $1,005.76 $0.00 $1,913.61 $341,362.79
191 $341,362.79 $1,005.76 $0.00 $1,930.11 $344,298.66
192 $344,298.66 $1,005.76 $0.00 $1,946.71 $347,251.13
193 $347,251.13 $1,005.76 $0.00 $1,963.41 $350,220.30
194 $350,220.30 $1,005.76 $0.00 $1,980.20 $353,206.26
195 $353,206.26 $1,005.76 $0.00 $1,997.08 $356,209.10
196 $356,209.10 $1,005.76 $0.00 $2,014.06 $359,228.92
197 $359,228.92 $1,005.76 $0.00 $2,031.13 $362,265.81
198 $362,265.81 $1,005.76 $0.00 $2,048.30 $365,319.87
199 $365,319.87 $1,005.76 $0.00 $2,065.57 $368,391.20
200 $368,391.20 $1,005.76 $0.00 $2,082.94 $371,479.90
201 $371,479.90 $1,005.76 $0.00 $2,100.40 $374,586.06
202 $374,586.06 $1,005.76 $0.00 $2,117.96 $377,709.78
203 $377,709.78 $1,005.76 $0.00 $2,135.63 $380,851.17
204 $380,851.17 $1,005.76 $0.00 $2,153.39 $384,010.32
205 $384,010.32 $1,005.76 $0.00 $2,171.25 $387,187.33
206 $387,187.33 $1,005.76 $0.00 $2,189.21 $390,382.30
207 $390,382.30 $1,005.76 $0.00 $2,207.28 $393,595.34
208 $393,595.34 $1,005.76 $0.00 $2,225.45 $396,826.55
209 $396,826.55 $1,005.76 $0.00 $2,243.72 $400,076.03
210 $400,076.03 $1,005.76 $0.00 $2,262.09 $403,343.88
211 $403,343.88 $1,005.76 $0.00 $2,280.56 $406,630.20
212 $406,630.20 $1,005.76 $0.00 $2,299.15 $409,935.11
213 $409,935.11 $1,005.76 $0.00 $2,317.83 $413,258.70
214 $413,258.70 $1,005.76 $0.00 $2,336.62 $416,601.08
215 $416,601.08 $1,005.76 $0.00 $2,355.52 $419,962.36
216 $419,962.36 $1,005.76 $0.00 $2,374.53 $423,342.65
217 $423,342.65 $1,005.76 $117,914.72 $2,393.64 $308,827.33
218 $308,827.33 $1,005.76 $0.00 $1,746.15 $311,579.24
219 $311,579.24 $1,005.76 $0.00 $1,761.71 $314,346.71
220 $314,346.71 $1,005.76 $0.00 $1,777.36 $317,129.83
221 $317,129.83 $1,005.76 $0.00 $1,793.10 $319,928.69
222 $319,928.69 $1,005.76 $0.00 $1,808.92 $322,743.37
223 $322,743.37 $1,005.76 $0.00 $1,824.84 $325,573.97
224 $325,573.97 $1,005.76 $0.00 $1,840.84 $328,420.57
225 $328,420.57 $1,005.76 $0.00 $1,856.94 $331,283.27
226 $331,283.27 $1,005.76 $0.00 $1,873.12 $334,162.15
227 $334,162.15 $1,005.76 $0.00 $1,889.40 $337,057.31
228 $337,057.31 $1,005.76 $0.00 $1,905.77 $339,968.84
229 $339,968.84 $1,005.76 $123,810.45 $1,922.23 $219,086.38
230 $219,086.38 $1,005.76 $0.00 $1,238.75 $221,330.89
231 $221,330.89 $1,005.76 $0.00 $1,251.44 $223,588.09
232 $223,588.09 $1,005.76 $0.00 $1,264.20 $225,858.05
233 $225,858.05 $1,005.76 $0.00 $1,277.03 $228,140.84
234 $228,140.84 $1,005.76 $0.00 $1,289.94 $230,436.54
235 $230,436.54 $1,005.76 $0.00 $1,302.92 $232,745.22
236 $232,745.22 $1,005.76 $0.00 $1,315.98 $235,066.96
237 $235,066.96 $1,005.76 $0.00 $1,329.10 $237,401.82
238 $237,401.82 $1,005.76 $0.00 $1,342.30 $239,749.88
239 $239,749.88 $1,005.76 $0.00 $1,355.58 $242,111.22
240 $242,111.22 $1,005.76 $0.00 $1,368.93 $244,485.91
241 $244,485.91 $1,005.76 $130,000.97 $1,382.36 $116,873.06
242 $116,873.06 $1,005.76 $0.00 $660.82 $118,539.64
243 $118,539.64 $1,005.76 $0.00 $670.24 $120,215.64
244 $120,215.64 $1,005.76 $0.00 $679.72 $121,901.12
245 $121,901.12 $1,005.76 $0.00 $689.25 $123,596.13
246 $123,596.13 $1,005.76 $0.00 $698.83 $125,300.72
247 $125,300.72 $1,005.76 $0.00 $708.47 $127,014.95
248 $127,014.95 $1,005.76 $0.00 $718.16 $128,738.87
249 $128,738.87 $1,005.76 $0.00 $727.91 $130,472.54
250 $130,472.54 $1,005.76 $0.00 $737.71 $132,216.01
251 $132,216.01 $1,005.76 $0.00 $747.57 $133,969.34
252 $133,969.34 $1,005.76 $0.00 $757.48 $135,732.58
253 $135,732.58 $0.00 $136,501.02 $767.45 ($0.99)