Savings Plan and Future Cost Estimation for Colorado Christian University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$125,330
Monthly savings required$992

How much will it cost to send your child to Colorado Christian University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $501,318.86 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $992.10 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$48,330.00
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 $992.10 $0.00 $0.00 $992.10
2 $992.10 $992.10 $0.00 $5.61 $1,989.81
3 $1,989.81 $992.10 $0.00 $11.25 $2,993.16
4 $2,993.16 $992.10 $0.00 $16.92 $4,002.18
5 $4,002.18 $992.10 $0.00 $22.63 $5,016.91
6 $5,016.91 $992.10 $0.00 $28.37 $6,037.38
7 $6,037.38 $992.10 $0.00 $34.14 $7,063.62
8 $7,063.62 $992.10 $0.00 $39.94 $8,095.66
9 $8,095.66 $992.10 $0.00 $45.77 $9,133.53
10 $9,133.53 $992.10 $0.00 $51.64 $10,177.27
11 $10,177.27 $992.10 $0.00 $57.54 $11,226.91
12 $11,226.91 $992.10 $0.00 $63.48 $12,282.49
13 $12,282.49 $992.10 $0.00 $69.45 $13,344.04
14 $13,344.04 $992.10 $0.00 $75.45 $14,411.59
15 $14,411.59 $992.10 $0.00 $81.49 $15,485.18
16 $15,485.18 $992.10 $0.00 $87.56 $16,564.84
17 $16,564.84 $992.10 $0.00 $93.66 $17,650.60
18 $17,650.60 $992.10 $0.00 $99.80 $18,742.50
19 $18,742.50 $992.10 $0.00 $105.97 $19,840.57
20 $19,840.57 $992.10 $0.00 $112.18 $20,944.85
21 $20,944.85 $992.10 $0.00 $118.43 $22,055.38
22 $22,055.38 $992.10 $0.00 $124.70 $23,172.18
23 $23,172.18 $992.10 $0.00 $131.02 $24,295.30
24 $24,295.30 $992.10 $0.00 $137.37 $25,424.77
25 $25,424.77 $992.10 $0.00 $143.76 $26,560.63
26 $26,560.63 $992.10 $0.00 $150.18 $27,702.91
27 $27,702.91 $992.10 $0.00 $156.64 $28,851.65
28 $28,851.65 $992.10 $0.00 $163.13 $30,006.88
29 $30,006.88 $992.10 $0.00 $169.66 $31,168.64
30 $31,168.64 $992.10 $0.00 $176.23 $32,336.97
31 $32,336.97 $992.10 $0.00 $182.84 $33,511.91
32 $33,511.91 $992.10 $0.00 $189.48 $34,693.49
33 $34,693.49 $992.10 $0.00 $196.16 $35,881.75
34 $35,881.75 $992.10 $0.00 $202.88 $37,076.73
35 $37,076.73 $992.10 $0.00 $209.64 $38,278.47
36 $38,278.47 $992.10 $0.00 $216.43 $39,487.00
37 $39,487.00 $992.10 $0.00 $223.27 $40,702.37
38 $40,702.37 $992.10 $0.00 $230.14 $41,924.61
39 $41,924.61 $992.10 $0.00 $237.05 $43,153.76
40 $43,153.76 $992.10 $0.00 $244.00 $44,389.86
41 $44,389.86 $992.10 $0.00 $250.99 $45,632.95
42 $45,632.95 $992.10 $0.00 $258.02 $46,883.07
43 $46,883.07 $992.10 $0.00 $265.08 $48,140.25
44 $48,140.25 $992.10 $0.00 $272.19 $49,404.54
45 $49,404.54 $992.10 $0.00 $279.34 $50,675.98
46 $50,675.98 $992.10 $0.00 $286.53 $51,954.61
47 $51,954.61 $992.10 $0.00 $293.76 $53,240.47
48 $53,240.47 $992.10 $0.00 $301.03 $54,533.60
49 $54,533.60 $992.10 $0.00 $308.34 $55,834.04
50 $55,834.04 $992.10 $0.00 $315.69 $57,141.83
51 $57,141.83 $992.10 $0.00 $323.09 $58,457.02
52 $58,457.02 $992.10 $0.00 $330.52 $59,779.64
53 $59,779.64 $992.10 $0.00 $338.00 $61,109.74
54 $61,109.74 $992.10 $0.00 $345.52 $62,447.36
55 $62,447.36 $992.10 $0.00 $353.09 $63,792.55
56 $63,792.55 $992.10 $0.00 $360.69 $65,145.34
57 $65,145.34 $992.10 $0.00 $368.34 $66,505.78
58 $66,505.78 $992.10 $0.00 $376.03 $67,873.91
59 $67,873.91 $992.10 $0.00 $383.77 $69,249.78
60 $69,249.78 $992.10 $0.00 $391.55 $70,633.43
61 $70,633.43 $992.10 $0.00 $399.37 $72,024.90
62 $72,024.90 $992.10 $0.00 $407.24 $73,424.24
63 $73,424.24 $992.10 $0.00 $415.15 $74,831.49
64 $74,831.49 $992.10 $0.00 $423.11 $76,246.70
65 $76,246.70 $992.10 $0.00 $431.11 $77,669.91
66 $77,669.91 $992.10 $0.00 $439.16 $79,101.17
67 $79,101.17 $992.10 $0.00 $447.25 $80,540.52
68 $80,540.52 $992.10 $0.00 $455.39 $81,988.01
69 $81,988.01 $992.10 $0.00 $463.57 $83,443.68
70 $83,443.68 $992.10 $0.00 $471.80 $84,907.58
71 $84,907.58 $992.10 $0.00 $480.08 $86,379.76
72 $86,379.76 $992.10 $0.00 $488.40 $87,860.26
73 $87,860.26 $992.10 $0.00 $496.77 $89,349.13
74 $89,349.13 $992.10 $0.00 $505.19 $90,846.42
75 $90,846.42 $992.10 $0.00 $513.66 $92,352.18
76 $92,352.18 $992.10 $0.00 $522.17 $93,866.45
77 $93,866.45 $992.10 $0.00 $530.73 $95,389.28
78 $95,389.28 $992.10 $0.00 $539.34 $96,920.72
79 $96,920.72 $992.10 $0.00 $548.00 $98,460.82
80 $98,460.82 $992.10 $0.00 $556.71 $100,009.63
81 $100,009.63 $992.10 $0.00 $565.47 $101,567.20
82 $101,567.20 $992.10 $0.00 $574.28 $103,133.58
83 $103,133.58 $992.10 $0.00 $583.13 $104,708.81
84 $104,708.81 $992.10 $0.00 $592.04 $106,292.95
85 $106,292.95 $992.10 $0.00 $601.00 $107,886.05
86 $107,886.05 $992.10 $0.00 $610.00 $109,488.15
87 $109,488.15 $992.10 $0.00 $619.06 $111,099.31
88 $111,099.31 $992.10 $0.00 $628.17 $112,719.58
89 $112,719.58 $992.10 $0.00 $637.33 $114,349.01
90 $114,349.01 $992.10 $0.00 $646.55 $115,987.66
91 $115,987.66 $992.10 $0.00 $655.81 $117,635.57
92 $117,635.57 $992.10 $0.00 $665.13 $119,292.80
93 $119,292.80 $992.10 $0.00 $674.50 $120,959.40
94 $120,959.40 $992.10 $0.00 $683.92 $122,635.42
95 $122,635.42 $992.10 $0.00 $693.40 $124,320.92
96 $124,320.92 $992.10 $0.00 $702.93 $126,015.95
97 $126,015.95 $992.10 $0.00 $712.51 $127,720.56
98 $127,720.56 $992.10 $0.00 $722.15 $129,434.81
99 $129,434.81 $992.10 $0.00 $731.84 $131,158.75
100 $131,158.75 $992.10 $0.00 $741.59 $132,892.44
101 $132,892.44 $992.10 $0.00 $751.39 $134,635.93
102 $134,635.93 $992.10 $0.00 $761.25 $136,389.28
103 $136,389.28 $992.10 $0.00 $771.16 $138,152.54
104 $138,152.54 $992.10 $0.00 $781.13 $139,925.77
105 $139,925.77 $992.10 $0.00 $791.16 $141,709.03
106 $141,709.03 $992.10 $0.00 $801.24 $143,502.37
107 $143,502.37 $992.10 $0.00 $811.38 $145,305.85
108 $145,305.85 $992.10 $0.00 $821.58 $147,119.53
109 $147,119.53 $992.10 $0.00 $831.84 $148,943.47
110 $148,943.47 $992.10 $0.00 $842.15 $150,777.72
111 $150,777.72 $992.10 $0.00 $852.52 $152,622.34
112 $152,622.34 $992.10 $0.00 $862.95 $154,477.39
113 $154,477.39 $992.10 $0.00 $873.44 $156,342.93
114 $156,342.93 $992.10 $0.00 $883.99 $158,219.02
115 $158,219.02 $992.10 $0.00 $894.59 $160,105.71
116 $160,105.71 $992.10 $0.00 $905.26 $162,003.07
117 $162,003.07 $992.10 $0.00 $915.99 $163,911.16
118 $163,911.16 $992.10 $0.00 $926.78 $165,830.04
119 $165,830.04 $992.10 $0.00 $937.63 $167,759.77
120 $167,759.77 $992.10 $0.00 $948.54 $169,700.41
121 $169,700.41 $992.10 $0.00 $959.51 $171,652.02
122 $171,652.02 $992.10 $0.00 $970.55 $173,614.67
123 $173,614.67 $992.10 $0.00 $981.64 $175,588.41
124 $175,588.41 $992.10 $0.00 $992.80 $177,573.31
125 $177,573.31 $992.10 $0.00 $1,004.03 $179,569.44
126 $179,569.44 $992.10 $0.00 $1,015.31 $181,576.85
127 $181,576.85 $992.10 $0.00 $1,026.66 $183,595.61
128 $183,595.61 $992.10 $0.00 $1,038.08 $185,625.79
129 $185,625.79 $992.10 $0.00 $1,049.56 $187,667.45
130 $187,667.45 $992.10 $0.00 $1,061.10 $189,720.65
131 $189,720.65 $992.10 $0.00 $1,072.71 $191,785.46
132 $191,785.46 $992.10 $0.00 $1,084.38 $193,861.94
133 $193,861.94 $992.10 $0.00 $1,096.12 $195,950.16
134 $195,950.16 $992.10 $0.00 $1,107.93 $198,050.19
135 $198,050.19 $992.10 $0.00 $1,119.80 $200,162.09
136 $200,162.09 $992.10 $0.00 $1,131.75 $202,285.94
137 $202,285.94 $992.10 $0.00 $1,143.75 $204,421.79
138 $204,421.79 $992.10 $0.00 $1,155.83 $206,569.72
139 $206,569.72 $992.10 $0.00 $1,167.98 $208,729.80
140 $208,729.80 $992.10 $0.00 $1,180.19 $210,902.09
141 $210,902.09 $992.10 $0.00 $1,192.47 $213,086.66
142 $213,086.66 $992.10 $0.00 $1,204.82 $215,283.58
143 $215,283.58 $992.10 $0.00 $1,217.24 $217,492.92
144 $217,492.92 $992.10 $0.00 $1,229.74 $219,714.76
145 $219,714.76 $992.10 $0.00 $1,242.30 $221,949.16
146 $221,949.16 $992.10 $0.00 $1,254.93 $224,196.19
147 $224,196.19 $992.10 $0.00 $1,267.64 $226,455.93
148 $226,455.93 $992.10 $0.00 $1,280.41 $228,728.44
149 $228,728.44 $992.10 $0.00 $1,293.26 $231,013.80
150 $231,013.80 $992.10 $0.00 $1,306.19 $233,312.09
151 $233,312.09 $992.10 $0.00 $1,319.18 $235,623.37
152 $235,623.37 $992.10 $0.00 $1,332.25 $237,947.72
153 $237,947.72 $992.10 $0.00 $1,345.39 $240,285.21
154 $240,285.21 $992.10 $0.00 $1,358.61 $242,635.92
155 $242,635.92 $992.10 $0.00 $1,371.90 $244,999.92
156 $244,999.92 $992.10 $0.00 $1,385.27 $247,377.29
157 $247,377.29 $992.10 $0.00 $1,398.71 $249,768.10
158 $249,768.10 $992.10 $0.00 $1,412.23 $252,172.43
159 $252,172.43 $992.10 $0.00 $1,425.82 $254,590.35
160 $254,590.35 $992.10 $0.00 $1,439.49 $257,021.94
161 $257,021.94 $992.10 $0.00 $1,453.24 $259,467.28
162 $259,467.28 $992.10 $0.00 $1,467.07 $261,926.45
163 $261,926.45 $992.10 $0.00 $1,480.97 $264,399.52
164 $264,399.52 $992.10 $0.00 $1,494.95 $266,886.57
165 $266,886.57 $992.10 $0.00 $1,509.02 $269,387.69
166 $269,387.69 $992.10 $0.00 $1,523.16 $271,902.95
167 $271,902.95 $992.10 $0.00 $1,537.38 $274,432.43
168 $274,432.43 $992.10 $0.00 $1,551.68 $276,976.21
169 $276,976.21 $992.10 $0.00 $1,566.06 $279,534.37
170 $279,534.37 $992.10 $0.00 $1,580.53 $282,107.00
171 $282,107.00 $992.10 $0.00 $1,595.07 $284,694.17
172 $284,694.17 $992.10 $0.00 $1,609.70 $287,295.97
173 $287,295.97 $992.10 $0.00 $1,624.41 $289,912.48
174 $289,912.48 $992.10 $0.00 $1,639.21 $292,543.79
175 $292,543.79 $992.10 $0.00 $1,654.09 $295,189.98
176 $295,189.98 $992.10 $0.00 $1,669.05 $297,851.13
177 $297,851.13 $992.10 $0.00 $1,684.09 $300,527.32
178 $300,527.32 $992.10 $0.00 $1,699.23 $303,218.65
179 $303,218.65 $992.10 $0.00 $1,714.44 $305,925.19
180 $305,925.19 $992.10 $0.00 $1,729.75 $308,647.04
181 $308,647.04 $992.10 $0.00 $1,745.14 $311,384.28
182 $311,384.28 $992.10 $0.00 $1,760.61 $314,136.99
183 $314,136.99 $992.10 $0.00 $1,776.18 $316,905.27
184 $316,905.27 $992.10 $0.00 $1,791.83 $319,689.20
185 $319,689.20 $992.10 $0.00 $1,807.57 $322,488.87
186 $322,488.87 $992.10 $0.00 $1,823.40 $325,304.37
187 $325,304.37 $992.10 $0.00 $1,839.32 $328,135.79
188 $328,135.79 $992.10 $0.00 $1,855.33 $330,983.22
189 $330,983.22 $992.10 $0.00 $1,871.43 $333,846.75
190 $333,846.75 $992.10 $0.00 $1,887.62 $336,726.47
191 $336,726.47 $992.10 $0.00 $1,903.90 $339,622.47
192 $339,622.47 $992.10 $0.00 $1,920.27 $342,534.84
193 $342,534.84 $992.10 $0.00 $1,936.74 $345,463.68
194 $345,463.68 $992.10 $0.00 $1,953.30 $348,409.08
195 $348,409.08 $992.10 $0.00 $1,969.96 $351,371.14
196 $351,371.14 $992.10 $0.00 $1,986.70 $354,349.94
197 $354,349.94 $992.10 $0.00 $2,003.55 $357,345.59
198 $357,345.59 $992.10 $0.00 $2,020.48 $360,358.17
199 $360,358.17 $992.10 $0.00 $2,037.52 $363,387.79
200 $363,387.79 $992.10 $0.00 $2,054.65 $366,434.54
201 $366,434.54 $992.10 $0.00 $2,071.87 $369,498.51
202 $369,498.51 $992.10 $0.00 $2,089.20 $372,579.81
203 $372,579.81 $992.10 $0.00 $2,106.62 $375,678.53
204 $375,678.53 $992.10 $0.00 $2,124.14 $378,794.77
205 $378,794.77 $992.10 $0.00 $2,141.76 $381,928.63
206 $381,928.63 $992.10 $0.00 $2,159.48 $385,080.21
207 $385,080.21 $992.10 $0.00 $2,177.30 $388,249.61
208 $388,249.61 $992.10 $0.00 $2,195.22 $391,436.93
209 $391,436.93 $992.10 $0.00 $2,213.24 $394,642.27
210 $394,642.27 $992.10 $0.00 $2,231.36 $397,865.73
211 $397,865.73 $992.10 $0.00 $2,249.59 $401,107.42
212 $401,107.42 $992.10 $0.00 $2,267.92 $404,367.44
213 $404,367.44 $992.10 $0.00 $2,286.35 $407,645.89
214 $407,645.89 $992.10 $0.00 $2,304.89 $410,942.88
215 $410,942.88 $992.10 $0.00 $2,323.53 $414,258.51
216 $414,258.51 $992.10 $0.00 $2,342.28 $417,592.89
217 $417,592.89 $992.10 $116,311.91 $2,361.13 $304,634.21
218 $304,634.21 $992.10 $0.00 $1,722.45 $307,348.76
219 $307,348.76 $992.10 $0.00 $1,737.79 $310,078.65
220 $310,078.65 $992.10 $0.00 $1,753.23 $312,823.98
221 $312,823.98 $992.10 $0.00 $1,768.75 $315,584.83
222 $315,584.83 $992.10 $0.00 $1,784.36 $318,361.29
223 $318,361.29 $992.10 $0.00 $1,800.06 $321,153.45
224 $321,153.45 $992.10 $0.00 $1,815.85 $323,961.40
225 $323,961.40 $992.10 $0.00 $1,831.72 $326,785.22
226 $326,785.22 $992.10 $0.00 $1,847.69 $329,625.01
227 $329,625.01 $992.10 $0.00 $1,863.75 $332,480.86
228 $332,480.86 $992.10 $0.00 $1,879.90 $335,352.86
229 $335,352.86 $992.10 $122,127.50 $1,896.13 $216,113.59
230 $216,113.59 $992.10 $0.00 $1,221.94 $218,327.63
231 $218,327.63 $992.10 $0.00 $1,234.46 $220,554.19
232 $220,554.19 $992.10 $0.00 $1,247.05 $222,793.34
233 $222,793.34 $992.10 $0.00 $1,259.71 $225,045.15
234 $225,045.15 $992.10 $0.00 $1,272.44 $227,309.69
235 $227,309.69 $992.10 $0.00 $1,285.24 $229,587.03
236 $229,587.03 $992.10 $0.00 $1,298.12 $231,877.25
237 $231,877.25 $992.10 $0.00 $1,311.07 $234,180.42
238 $234,180.42 $992.10 $0.00 $1,324.09 $236,496.61
239 $236,496.61 $992.10 $0.00 $1,337.19 $238,825.90
240 $238,825.90 $992.10 $0.00 $1,350.36 $241,168.36
241 $241,168.36 $992.10 $128,233.88 $1,363.60 $115,290.18
242 $115,290.18 $992.10 $0.00 $651.87 $116,934.15
243 $116,934.15 $992.10 $0.00 $661.16 $118,587.41
244 $118,587.41 $992.10 $0.00 $670.51 $120,250.02
245 $120,250.02 $992.10 $0.00 $679.91 $121,922.03
246 $121,922.03 $992.10 $0.00 $689.36 $123,603.49
247 $123,603.49 $992.10 $0.00 $698.87 $125,294.46
248 $125,294.46 $992.10 $0.00 $708.43 $126,994.99
249 $126,994.99 $992.10 $0.00 $718.05 $128,705.14
250 $128,705.14 $992.10 $0.00 $727.72 $130,424.96
251 $130,424.96 $992.10 $0.00 $737.44 $132,154.50
252 $132,154.50 $992.10 $0.00 $747.22 $133,893.82
253 $133,893.82 $0.00 $134,645.57 $757.06 $5.31