Savings Plan and Future Cost Estimation for World Mission University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$57,115
Monthly savings required$452

How much will it cost to send your child to World Mission University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $228,461.57 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $452.11 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$22,025.00
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 $452.11 $0.00 $0.00 $452.11
2 $452.11 $452.11 $0.00 $2.56 $906.78
3 $906.78 $452.11 $0.00 $5.13 $1,364.02
4 $1,364.02 $452.11 $0.00 $7.71 $1,823.84
5 $1,823.84 $452.11 $0.00 $10.31 $2,286.26
6 $2,286.26 $452.11 $0.00 $12.93 $2,751.30
7 $2,751.30 $452.11 $0.00 $15.56 $3,218.97
8 $3,218.97 $452.11 $0.00 $18.20 $3,689.28
9 $3,689.28 $452.11 $0.00 $20.86 $4,162.25
10 $4,162.25 $452.11 $0.00 $23.53 $4,637.89
11 $4,637.89 $452.11 $0.00 $26.22 $5,116.22
12 $5,116.22 $452.11 $0.00 $28.93 $5,597.26
13 $5,597.26 $452.11 $0.00 $31.65 $6,081.02
14 $6,081.02 $452.11 $0.00 $34.38 $6,567.51
15 $6,567.51 $452.11 $0.00 $37.13 $7,056.75
16 $7,056.75 $452.11 $0.00 $39.90 $7,548.76
17 $7,548.76 $452.11 $0.00 $42.68 $8,043.55
18 $8,043.55 $452.11 $0.00 $45.48 $8,541.14
19 $8,541.14 $452.11 $0.00 $48.29 $9,041.54
20 $9,041.54 $452.11 $0.00 $51.12 $9,544.77
21 $9,544.77 $452.11 $0.00 $53.97 $10,050.85
22 $10,050.85 $452.11 $0.00 $56.83 $10,559.79
23 $10,559.79 $452.11 $0.00 $59.71 $11,071.61
24 $11,071.61 $452.11 $0.00 $62.60 $11,586.32
25 $11,586.32 $452.11 $0.00 $65.51 $12,103.94
26 $12,103.94 $452.11 $0.00 $68.44 $12,624.49
27 $12,624.49 $452.11 $0.00 $71.38 $13,147.98
28 $13,147.98 $452.11 $0.00 $74.34 $13,674.43
29 $13,674.43 $452.11 $0.00 $77.32 $14,203.86
30 $14,203.86 $452.11 $0.00 $80.31 $14,736.28
31 $14,736.28 $452.11 $0.00 $83.32 $15,271.71
32 $15,271.71 $452.11 $0.00 $86.35 $15,810.17
33 $15,810.17 $452.11 $0.00 $89.39 $16,351.67
34 $16,351.67 $452.11 $0.00 $92.45 $16,896.23
35 $16,896.23 $452.11 $0.00 $95.53 $17,443.87
36 $17,443.87 $452.11 $0.00 $98.63 $17,994.61
37 $17,994.61 $452.11 $0.00 $101.74 $18,548.46
38 $18,548.46 $452.11 $0.00 $104.88 $19,105.45
39 $19,105.45 $452.11 $0.00 $108.02 $19,665.58
40 $19,665.58 $452.11 $0.00 $111.19 $20,228.88
41 $20,228.88 $452.11 $0.00 $114.38 $20,795.37
42 $20,795.37 $452.11 $0.00 $117.58 $21,365.06
43 $21,365.06 $452.11 $0.00 $120.80 $21,937.97
44 $21,937.97 $452.11 $0.00 $124.04 $22,514.12
45 $22,514.12 $452.11 $0.00 $127.30 $23,093.53
46 $23,093.53 $452.11 $0.00 $130.57 $23,676.21
47 $23,676.21 $452.11 $0.00 $133.87 $24,262.19
48 $24,262.19 $452.11 $0.00 $137.18 $24,851.48
49 $24,851.48 $452.11 $0.00 $140.51 $25,444.10
50 $25,444.10 $452.11 $0.00 $143.86 $26,040.07
51 $26,040.07 $452.11 $0.00 $147.23 $26,639.41
52 $26,639.41 $452.11 $0.00 $150.62 $27,242.14
53 $27,242.14 $452.11 $0.00 $154.03 $27,848.28
54 $27,848.28 $452.11 $0.00 $157.46 $28,457.85
55 $28,457.85 $452.11 $0.00 $160.90 $29,070.86
56 $29,070.86 $452.11 $0.00 $164.37 $29,687.34
57 $29,687.34 $452.11 $0.00 $167.86 $30,307.31
58 $30,307.31 $452.11 $0.00 $171.36 $30,930.78
59 $30,930.78 $452.11 $0.00 $174.89 $31,557.78
60 $31,557.78 $452.11 $0.00 $178.43 $32,188.32
61 $32,188.32 $452.11 $0.00 $182.00 $32,822.43
62 $32,822.43 $452.11 $0.00 $185.58 $33,460.12
63 $33,460.12 $452.11 $0.00 $189.19 $34,101.42
64 $34,101.42 $452.11 $0.00 $192.81 $34,746.34
65 $34,746.34 $452.11 $0.00 $196.46 $35,394.91
66 $35,394.91 $452.11 $0.00 $200.13 $36,047.15
67 $36,047.15 $452.11 $0.00 $203.82 $36,703.08
68 $36,703.08 $452.11 $0.00 $207.52 $37,362.71
69 $37,362.71 $452.11 $0.00 $211.25 $38,026.07
70 $38,026.07 $452.11 $0.00 $215.00 $38,693.18
71 $38,693.18 $452.11 $0.00 $218.78 $39,364.07
72 $39,364.07 $452.11 $0.00 $222.57 $40,038.75
73 $40,038.75 $452.11 $0.00 $226.38 $40,717.24
74 $40,717.24 $452.11 $0.00 $230.22 $41,399.57
75 $41,399.57 $452.11 $0.00 $234.08 $42,085.76
76 $42,085.76 $452.11 $0.00 $237.96 $42,775.83
77 $42,775.83 $452.11 $0.00 $241.86 $43,469.80
78 $43,469.80 $452.11 $0.00 $245.78 $44,167.69
79 $44,167.69 $452.11 $0.00 $249.73 $44,869.53
80 $44,869.53 $452.11 $0.00 $253.70 $45,575.34
81 $45,575.34 $452.11 $0.00 $257.69 $46,285.14
82 $46,285.14 $452.11 $0.00 $261.70 $46,998.95
83 $46,998.95 $452.11 $0.00 $265.74 $47,716.80
84 $47,716.80 $452.11 $0.00 $269.80 $48,438.71
85 $48,438.71 $452.11 $0.00 $273.88 $49,164.70
86 $49,164.70 $452.11 $0.00 $277.98 $49,894.79
87 $49,894.79 $452.11 $0.00 $282.11 $50,629.01
88 $50,629.01 $452.11 $0.00 $286.26 $51,367.38
89 $51,367.38 $452.11 $0.00 $290.44 $52,109.93
90 $52,109.93 $452.11 $0.00 $294.64 $52,856.68
91 $52,856.68 $452.11 $0.00 $298.86 $53,607.65
92 $53,607.65 $452.11 $0.00 $303.11 $54,362.87
93 $54,362.87 $452.11 $0.00 $307.38 $55,122.36
94 $55,122.36 $452.11 $0.00 $311.67 $55,886.14
95 $55,886.14 $452.11 $0.00 $315.99 $56,654.24
96 $56,654.24 $452.11 $0.00 $320.33 $57,426.68
97 $57,426.68 $452.11 $0.00 $324.70 $58,203.49
98 $58,203.49 $452.11 $0.00 $329.09 $58,984.69
99 $58,984.69 $452.11 $0.00 $333.51 $59,770.31
100 $59,770.31 $452.11 $0.00 $337.95 $60,560.37
101 $60,560.37 $452.11 $0.00 $342.42 $61,354.90
102 $61,354.90 $452.11 $0.00 $346.91 $62,153.92
103 $62,153.92 $452.11 $0.00 $351.43 $62,957.46
104 $62,957.46 $452.11 $0.00 $355.97 $63,765.54
105 $63,765.54 $452.11 $0.00 $360.54 $64,578.19
106 $64,578.19 $452.11 $0.00 $365.13 $65,395.43
107 $65,395.43 $452.11 $0.00 $369.76 $66,217.30
108 $66,217.30 $452.11 $0.00 $374.40 $67,043.81
109 $67,043.81 $452.11 $0.00 $379.08 $67,875.00
110 $67,875.00 $452.11 $0.00 $383.78 $68,710.89
111 $68,710.89 $452.11 $0.00 $388.50 $69,551.50
112 $69,551.50 $452.11 $0.00 $393.25 $70,396.86
113 $70,396.86 $452.11 $0.00 $398.03 $71,247.00
114 $71,247.00 $452.11 $0.00 $402.84 $72,101.95
115 $72,101.95 $452.11 $0.00 $407.67 $72,961.73
116 $72,961.73 $452.11 $0.00 $412.54 $73,826.38
117 $73,826.38 $452.11 $0.00 $417.43 $74,695.92
118 $74,695.92 $452.11 $0.00 $422.34 $75,570.37
119 $75,570.37 $452.11 $0.00 $427.29 $76,449.77
120 $76,449.77 $452.11 $0.00 $432.26 $77,334.14
121 $77,334.14 $452.11 $0.00 $437.26 $78,223.51
122 $78,223.51 $452.11 $0.00 $442.29 $79,117.91
123 $79,117.91 $452.11 $0.00 $447.34 $80,017.36
124 $80,017.36 $452.11 $0.00 $452.43 $80,921.90
125 $80,921.90 $452.11 $0.00 $457.54 $81,831.55
126 $81,831.55 $452.11 $0.00 $462.69 $82,746.35
127 $82,746.35 $452.11 $0.00 $467.86 $83,666.32
128 $83,666.32 $452.11 $0.00 $473.06 $84,591.49
129 $84,591.49 $452.11 $0.00 $478.29 $85,521.89
130 $85,521.89 $452.11 $0.00 $483.55 $86,457.55
131 $86,457.55 $452.11 $0.00 $488.84 $87,398.50
132 $87,398.50 $452.11 $0.00 $494.16 $88,344.77
133 $88,344.77 $452.11 $0.00 $499.51 $89,296.39
134 $89,296.39 $452.11 $0.00 $504.89 $90,253.39
135 $90,253.39 $452.11 $0.00 $510.31 $91,215.81
136 $91,215.81 $452.11 $0.00 $515.75 $92,183.67
137 $92,183.67 $452.11 $0.00 $521.22 $93,157.00
138 $93,157.00 $452.11 $0.00 $526.72 $94,135.83
139 $94,135.83 $452.11 $0.00 $532.26 $95,120.20
140 $95,120.20 $452.11 $0.00 $537.82 $96,110.13
141 $96,110.13 $452.11 $0.00 $543.42 $97,105.66
142 $97,105.66 $452.11 $0.00 $549.05 $98,106.82
143 $98,106.82 $452.11 $0.00 $554.71 $99,113.64
144 $99,113.64 $452.11 $0.00 $560.40 $100,126.15
145 $100,126.15 $452.11 $0.00 $566.13 $101,144.39
146 $101,144.39 $452.11 $0.00 $571.89 $102,168.39
147 $102,168.39 $452.11 $0.00 $577.67 $103,198.17
148 $103,198.17 $452.11 $0.00 $583.50 $104,233.78
149 $104,233.78 $452.11 $0.00 $589.35 $105,275.24
150 $105,275.24 $452.11 $0.00 $595.24 $106,322.59
151 $106,322.59 $452.11 $0.00 $601.16 $107,375.86
152 $107,375.86 $452.11 $0.00 $607.12 $108,435.09
153 $108,435.09 $452.11 $0.00 $613.11 $109,500.31
154 $109,500.31 $452.11 $0.00 $619.13 $110,571.55
155 $110,571.55 $452.11 $0.00 $625.19 $111,648.85
156 $111,648.85 $452.11 $0.00 $631.28 $112,732.24
157 $112,732.24 $452.11 $0.00 $637.40 $113,821.75
158 $113,821.75 $452.11 $0.00 $643.56 $114,917.42
159 $114,917.42 $452.11 $0.00 $649.76 $116,019.29
160 $116,019.29 $452.11 $0.00 $655.99 $117,127.39
161 $117,127.39 $452.11 $0.00 $662.26 $118,241.76
162 $118,241.76 $452.11 $0.00 $668.56 $119,362.43
163 $119,362.43 $452.11 $0.00 $674.89 $120,489.43
164 $120,489.43 $452.11 $0.00 $681.26 $121,622.80
165 $121,622.80 $452.11 $0.00 $687.67 $122,762.58
166 $122,762.58 $452.11 $0.00 $694.12 $123,908.81
167 $123,908.81 $452.11 $0.00 $700.60 $125,061.52
168 $125,061.52 $452.11 $0.00 $707.12 $126,220.75
169 $126,220.75 $452.11 $0.00 $713.67 $127,386.53
170 $127,386.53 $452.11 $0.00 $720.26 $128,558.90
171 $128,558.90 $452.11 $0.00 $726.89 $129,737.90
172 $129,737.90 $452.11 $0.00 $733.56 $130,923.57
173 $130,923.57 $452.11 $0.00 $740.26 $132,115.94
174 $132,115.94 $452.11 $0.00 $747.00 $133,315.05
175 $133,315.05 $452.11 $0.00 $753.78 $134,520.94
176 $134,520.94 $452.11 $0.00 $760.60 $135,733.65
177 $135,733.65 $452.11 $0.00 $767.46 $136,953.22
178 $136,953.22 $452.11 $0.00 $774.35 $138,179.68
179 $138,179.68 $452.11 $0.00 $781.29 $139,413.08
180 $139,413.08 $452.11 $0.00 $788.26 $140,653.45
181 $140,653.45 $452.11 $0.00 $795.28 $141,900.84
182 $141,900.84 $452.11 $0.00 $802.33 $143,155.28
183 $143,155.28 $452.11 $0.00 $809.42 $144,416.81
184 $144,416.81 $452.11 $0.00 $816.55 $145,685.47
185 $145,685.47 $452.11 $0.00 $823.73 $146,961.31
186 $146,961.31 $452.11 $0.00 $830.94 $148,244.36
187 $148,244.36 $452.11 $0.00 $838.20 $149,534.67
188 $149,534.67 $452.11 $0.00 $845.49 $150,832.27
189 $150,832.27 $452.11 $0.00 $852.83 $152,137.21
190 $152,137.21 $452.11 $0.00 $860.21 $153,449.53
191 $153,449.53 $452.11 $0.00 $867.63 $154,769.27
192 $154,769.27 $452.11 $0.00 $875.09 $156,096.47
193 $156,096.47 $452.11 $0.00 $882.59 $157,431.17
194 $157,431.17 $452.11 $0.00 $890.14 $158,773.42
195 $158,773.42 $452.11 $0.00 $897.73 $160,123.26
196 $160,123.26 $452.11 $0.00 $905.36 $161,480.73
197 $161,480.73 $452.11 $0.00 $913.04 $162,845.88
198 $162,845.88 $452.11 $0.00 $920.75 $164,218.74
199 $164,218.74 $452.11 $0.00 $928.52 $165,599.37
200 $165,599.37 $452.11 $0.00 $936.32 $166,987.80
201 $166,987.80 $452.11 $0.00 $944.17 $168,384.08
202 $168,384.08 $452.11 $0.00 $952.07 $169,788.26
203 $169,788.26 $452.11 $0.00 $960.01 $171,200.38
204 $171,200.38 $452.11 $0.00 $967.99 $172,620.48
205 $172,620.48 $452.11 $0.00 $976.02 $174,048.61
206 $174,048.61 $452.11 $0.00 $984.10 $175,484.82
207 $175,484.82 $452.11 $0.00 $992.22 $176,929.15
208 $176,929.15 $452.11 $0.00 $1,000.38 $178,381.64
209 $178,381.64 $452.11 $0.00 $1,008.60 $179,842.35
210 $179,842.35 $452.11 $0.00 $1,016.85 $181,311.31
211 $181,311.31 $452.11 $0.00 $1,025.16 $182,788.58
212 $182,788.58 $452.11 $0.00 $1,033.51 $184,274.20
213 $184,274.20 $452.11 $0.00 $1,041.91 $185,768.22
214 $185,768.22 $452.11 $0.00 $1,050.36 $187,270.69
215 $187,270.69 $452.11 $0.00 $1,058.86 $188,781.66
216 $188,781.66 $452.11 $0.00 $1,067.40 $190,301.17
217 $190,301.17 $452.11 $53,005.79 $1,075.99 $138,823.48
218 $138,823.48 $452.11 $0.00 $784.93 $140,060.52
219 $140,060.52 $452.11 $0.00 $791.92 $141,304.55
220 $141,304.55 $452.11 $0.00 $798.96 $142,555.62
221 $142,555.62 $452.11 $0.00 $806.03 $143,813.76
222 $143,813.76 $452.11 $0.00 $813.14 $145,079.01
223 $145,079.01 $452.11 $0.00 $820.30 $146,351.42
224 $146,351.42 $452.11 $0.00 $827.49 $147,631.02
225 $147,631.02 $452.11 $0.00 $834.73 $148,917.86
226 $148,917.86 $452.11 $0.00 $842.00 $150,211.97
227 $150,211.97 $452.11 $0.00 $849.32 $151,513.40
228 $151,513.40 $452.11 $0.00 $856.68 $152,822.19
229 $152,822.19 $452.11 $55,656.08 $864.08 $98,482.30
230 $98,482.30 $452.11 $0.00 $556.83 $99,491.24
231 $99,491.24 $452.11 $0.00 $562.54 $100,505.89
232 $100,505.89 $452.11 $0.00 $568.27 $101,526.27
233 $101,526.27 $452.11 $0.00 $574.04 $102,552.42
234 $102,552.42 $452.11 $0.00 $579.85 $103,584.38
235 $103,584.38 $452.11 $0.00 $585.68 $104,622.17
236 $104,622.17 $452.11 $0.00 $591.55 $105,665.83
237 $105,665.83 $452.11 $0.00 $597.45 $106,715.39
238 $106,715.39 $452.11 $0.00 $603.38 $107,770.88
239 $107,770.88 $452.11 $0.00 $609.35 $108,832.34
240 $108,832.34 $452.11 $0.00 $615.35 $109,899.80
241 $109,899.80 $452.11 $58,438.88 $621.39 $52,534.42
242 $52,534.42 $452.11 $0.00 $297.04 $53,283.57
243 $53,283.57 $452.11 $0.00 $301.27 $54,036.95
244 $54,036.95 $452.11 $0.00 $305.53 $54,794.59
245 $54,794.59 $452.11 $0.00 $309.82 $55,556.52
246 $55,556.52 $452.11 $0.00 $314.12 $56,322.75
247 $56,322.75 $452.11 $0.00 $318.46 $57,093.32
248 $57,093.32 $452.11 $0.00 $322.81 $57,868.24
249 $57,868.24 $452.11 $0.00 $327.20 $58,647.55
250 $58,647.55 $452.11 $0.00 $331.60 $59,431.26
251 $59,431.26 $452.11 $0.00 $336.03 $60,219.40
252 $60,219.40 $452.11 $0.00 $340.49 $61,012.00
253 $61,012.00 $0.00 $61,360.83 $344.97 ($3.86)