Savings Plan and Future Cost Estimation for Wesley College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$163,753
Monthly savings required$1,294

How much will it cost to send your child to Wesley College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $655,012.73 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,294.17 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$43,648.00
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 $1,294.17 $0.00 $0.00 $1,294.17
2 $1,294.17 $1,294.17 $0.00 $7.32 $2,595.66
3 $2,595.66 $1,294.17 $0.00 $14.68 $3,904.51
4 $3,904.51 $1,294.17 $0.00 $22.08 $5,220.76
5 $5,220.76 $1,294.17 $0.00 $29.52 $6,544.45
6 $6,544.45 $1,294.17 $0.00 $37.00 $7,875.62
7 $7,875.62 $1,294.17 $0.00 $44.53 $9,214.32
8 $9,214.32 $1,294.17 $0.00 $52.10 $10,560.59
9 $10,560.59 $1,294.17 $0.00 $59.71 $11,914.47
10 $11,914.47 $1,294.17 $0.00 $67.37 $13,276.01
11 $13,276.01 $1,294.17 $0.00 $75.06 $14,645.24
12 $14,645.24 $1,294.17 $0.00 $82.81 $16,022.22
13 $16,022.22 $1,294.17 $0.00 $90.59 $17,406.98
14 $17,406.98 $1,294.17 $0.00 $98.42 $18,799.57
15 $18,799.57 $1,294.17 $0.00 $106.30 $20,200.04
16 $20,200.04 $1,294.17 $0.00 $114.21 $21,608.42
17 $21,608.42 $1,294.17 $0.00 $122.18 $23,024.77
18 $23,024.77 $1,294.17 $0.00 $130.19 $24,449.13
19 $24,449.13 $1,294.17 $0.00 $138.24 $25,881.54
20 $25,881.54 $1,294.17 $0.00 $146.34 $27,322.05
21 $27,322.05 $1,294.17 $0.00 $154.48 $28,770.70
22 $28,770.70 $1,294.17 $0.00 $162.67 $30,227.54
23 $30,227.54 $1,294.17 $0.00 $170.91 $31,692.62
24 $31,692.62 $1,294.17 $0.00 $179.19 $33,165.98
25 $33,165.98 $1,294.17 $0.00 $187.53 $34,647.68
26 $34,647.68 $1,294.17 $0.00 $195.90 $36,137.75
27 $36,137.75 $1,294.17 $0.00 $204.33 $37,636.25
28 $37,636.25 $1,294.17 $0.00 $212.80 $39,143.22
29 $39,143.22 $1,294.17 $0.00 $221.32 $40,658.71
30 $40,658.71 $1,294.17 $0.00 $229.89 $42,182.77
31 $42,182.77 $1,294.17 $0.00 $238.51 $43,715.45
32 $43,715.45 $1,294.17 $0.00 $247.17 $45,256.79
33 $45,256.79 $1,294.17 $0.00 $255.89 $46,806.85
34 $46,806.85 $1,294.17 $0.00 $264.65 $48,365.67
35 $48,365.67 $1,294.17 $0.00 $273.47 $49,933.31
36 $49,933.31 $1,294.17 $0.00 $282.33 $51,509.81
37 $51,509.81 $1,294.17 $0.00 $291.24 $53,095.22
38 $53,095.22 $1,294.17 $0.00 $300.21 $54,689.60
39 $54,689.60 $1,294.17 $0.00 $309.22 $56,292.99
40 $56,292.99 $1,294.17 $0.00 $318.29 $57,905.45
41 $57,905.45 $1,294.17 $0.00 $327.41 $59,527.03
42 $59,527.03 $1,294.17 $0.00 $336.57 $61,157.77
43 $61,157.77 $1,294.17 $0.00 $345.79 $62,797.73
44 $62,797.73 $1,294.17 $0.00 $355.07 $64,446.97
45 $64,446.97 $1,294.17 $0.00 $364.39 $66,105.53
46 $66,105.53 $1,294.17 $0.00 $373.77 $67,773.47
47 $67,773.47 $1,294.17 $0.00 $383.20 $69,450.84
48 $69,450.84 $1,294.17 $0.00 $392.69 $71,137.70
49 $71,137.70 $1,294.17 $0.00 $402.22 $72,834.09
50 $72,834.09 $1,294.17 $0.00 $411.81 $74,540.07
51 $74,540.07 $1,294.17 $0.00 $421.46 $76,255.70
52 $76,255.70 $1,294.17 $0.00 $431.16 $77,981.03
53 $77,981.03 $1,294.17 $0.00 $440.92 $79,716.12
54 $79,716.12 $1,294.17 $0.00 $450.73 $81,461.02
55 $81,461.02 $1,294.17 $0.00 $460.59 $83,215.78
56 $83,215.78 $1,294.17 $0.00 $470.51 $84,980.46
57 $84,980.46 $1,294.17 $0.00 $480.49 $86,755.12
58 $86,755.12 $1,294.17 $0.00 $490.53 $88,539.82
59 $88,539.82 $1,294.17 $0.00 $500.62 $90,334.61
60 $90,334.61 $1,294.17 $0.00 $510.77 $92,139.55
61 $92,139.55 $1,294.17 $0.00 $520.97 $93,954.69
62 $93,954.69 $1,294.17 $0.00 $531.23 $95,780.09
63 $95,780.09 $1,294.17 $0.00 $541.55 $97,615.81
64 $97,615.81 $1,294.17 $0.00 $551.93 $99,461.91
65 $99,461.91 $1,294.17 $0.00 $562.37 $101,318.45
66 $101,318.45 $1,294.17 $0.00 $572.87 $103,185.49
67 $103,185.49 $1,294.17 $0.00 $583.43 $105,063.09
68 $105,063.09 $1,294.17 $0.00 $594.04 $106,951.30
69 $106,951.30 $1,294.17 $0.00 $604.72 $108,850.19
70 $108,850.19 $1,294.17 $0.00 $615.45 $110,759.81
71 $110,759.81 $1,294.17 $0.00 $626.25 $112,680.23
72 $112,680.23 $1,294.17 $0.00 $637.11 $114,611.51
73 $114,611.51 $1,294.17 $0.00 $648.03 $116,553.71
74 $116,553.71 $1,294.17 $0.00 $659.01 $118,506.89
75 $118,506.89 $1,294.17 $0.00 $670.06 $120,471.12
76 $120,471.12 $1,294.17 $0.00 $681.16 $122,446.45
77 $122,446.45 $1,294.17 $0.00 $692.33 $124,432.95
78 $124,432.95 $1,294.17 $0.00 $703.56 $126,430.68
79 $126,430.68 $1,294.17 $0.00 $714.86 $128,439.71
80 $128,439.71 $1,294.17 $0.00 $726.22 $130,460.10
81 $130,460.10 $1,294.17 $0.00 $737.64 $132,491.91
82 $132,491.91 $1,294.17 $0.00 $749.13 $134,535.21
83 $134,535.21 $1,294.17 $0.00 $760.68 $136,590.06
84 $136,590.06 $1,294.17 $0.00 $772.30 $138,656.53
85 $138,656.53 $1,294.17 $0.00 $783.98 $140,734.68
86 $140,734.68 $1,294.17 $0.00 $795.73 $142,824.58
87 $142,824.58 $1,294.17 $0.00 $807.55 $144,926.30
88 $144,926.30 $1,294.17 $0.00 $819.43 $147,039.90
89 $147,039.90 $1,294.17 $0.00 $831.38 $149,165.45
90 $149,165.45 $1,294.17 $0.00 $843.40 $151,303.02
91 $151,303.02 $1,294.17 $0.00 $855.49 $153,452.68
92 $153,452.68 $1,294.17 $0.00 $867.64 $155,614.49
93 $155,614.49 $1,294.17 $0.00 $879.87 $157,788.53
94 $157,788.53 $1,294.17 $0.00 $892.16 $159,974.86
95 $159,974.86 $1,294.17 $0.00 $904.52 $162,173.55
96 $162,173.55 $1,294.17 $0.00 $916.95 $164,384.67
97 $164,384.67 $1,294.17 $0.00 $929.45 $166,608.29
98 $166,608.29 $1,294.17 $0.00 $942.03 $168,844.49
99 $168,844.49 $1,294.17 $0.00 $954.67 $171,093.33
100 $171,093.33 $1,294.17 $0.00 $967.39 $173,354.89
101 $173,354.89 $1,294.17 $0.00 $980.17 $175,629.23
102 $175,629.23 $1,294.17 $0.00 $993.03 $177,916.43
103 $177,916.43 $1,294.17 $0.00 $1,005.97 $180,216.57
104 $180,216.57 $1,294.17 $0.00 $1,018.97 $182,529.71
105 $182,529.71 $1,294.17 $0.00 $1,032.05 $184,855.93
106 $184,855.93 $1,294.17 $0.00 $1,045.20 $187,195.30
107 $187,195.30 $1,294.17 $0.00 $1,058.43 $189,547.90
108 $189,547.90 $1,294.17 $0.00 $1,071.73 $191,913.80
109 $191,913.80 $1,294.17 $0.00 $1,085.11 $194,293.08
110 $194,293.08 $1,294.17 $0.00 $1,098.56 $196,685.81
111 $196,685.81 $1,294.17 $0.00 $1,112.09 $199,092.07
112 $199,092.07 $1,294.17 $0.00 $1,125.70 $201,511.94
113 $201,511.94 $1,294.17 $0.00 $1,139.38 $203,945.49
114 $203,945.49 $1,294.17 $0.00 $1,153.14 $206,392.80
115 $206,392.80 $1,294.17 $0.00 $1,166.97 $208,853.94
116 $208,853.94 $1,294.17 $0.00 $1,180.89 $211,329.00
117 $211,329.00 $1,294.17 $0.00 $1,194.88 $213,818.05
118 $213,818.05 $1,294.17 $0.00 $1,208.96 $216,321.18
119 $216,321.18 $1,294.17 $0.00 $1,223.11 $218,838.46
120 $218,838.46 $1,294.17 $0.00 $1,237.34 $221,369.97
121 $221,369.97 $1,294.17 $0.00 $1,251.66 $223,915.80
122 $223,915.80 $1,294.17 $0.00 $1,266.05 $226,476.02
123 $226,476.02 $1,294.17 $0.00 $1,280.53 $229,050.72
124 $229,050.72 $1,294.17 $0.00 $1,295.09 $231,639.98
125 $231,639.98 $1,294.17 $0.00 $1,309.73 $234,243.88
126 $234,243.88 $1,294.17 $0.00 $1,324.45 $236,862.50
127 $236,862.50 $1,294.17 $0.00 $1,339.26 $239,495.93
128 $239,495.93 $1,294.17 $0.00 $1,354.14 $242,144.24
129 $242,144.24 $1,294.17 $0.00 $1,369.12 $244,807.53
130 $244,807.53 $1,294.17 $0.00 $1,384.18 $247,485.88
131 $247,485.88 $1,294.17 $0.00 $1,399.32 $250,179.37
132 $250,179.37 $1,294.17 $0.00 $1,414.55 $252,888.09
133 $252,888.09 $1,294.17 $0.00 $1,429.87 $255,612.13
134 $255,612.13 $1,294.17 $0.00 $1,445.27 $258,351.57
135 $258,351.57 $1,294.17 $0.00 $1,460.76 $261,106.50
136 $261,106.50 $1,294.17 $0.00 $1,476.33 $263,877.00
137 $263,877.00 $1,294.17 $0.00 $1,492.00 $266,663.17
138 $266,663.17 $1,294.17 $0.00 $1,507.75 $269,465.09
139 $269,465.09 $1,294.17 $0.00 $1,523.59 $272,282.85
140 $272,282.85 $1,294.17 $0.00 $1,539.53 $275,116.55
141 $275,116.55 $1,294.17 $0.00 $1,555.55 $277,966.27
142 $277,966.27 $1,294.17 $0.00 $1,571.66 $280,832.10
143 $280,832.10 $1,294.17 $0.00 $1,587.87 $283,714.14
144 $283,714.14 $1,294.17 $0.00 $1,604.16 $286,612.47
145 $286,612.47 $1,294.17 $0.00 $1,620.55 $289,527.19
146 $289,527.19 $1,294.17 $0.00 $1,637.03 $292,458.39
147 $292,458.39 $1,294.17 $0.00 $1,653.60 $295,406.16
148 $295,406.16 $1,294.17 $0.00 $1,670.27 $298,370.60
149 $298,370.60 $1,294.17 $0.00 $1,687.03 $301,351.80
150 $301,351.80 $1,294.17 $0.00 $1,703.89 $304,349.86
151 $304,349.86 $1,294.17 $0.00 $1,720.84 $307,364.87
152 $307,364.87 $1,294.17 $0.00 $1,737.89 $310,396.93
153 $310,396.93 $1,294.17 $0.00 $1,755.03 $313,446.13
154 $313,446.13 $1,294.17 $0.00 $1,772.27 $316,512.57
155 $316,512.57 $1,294.17 $0.00 $1,789.61 $319,596.35
156 $319,596.35 $1,294.17 $0.00 $1,807.04 $322,697.56
157 $322,697.56 $1,294.17 $0.00 $1,824.58 $325,816.31
158 $325,816.31 $1,294.17 $0.00 $1,842.21 $328,952.69
159 $328,952.69 $1,294.17 $0.00 $1,859.95 $332,106.81
160 $332,106.81 $1,294.17 $0.00 $1,877.78 $335,278.76
161 $335,278.76 $1,294.17 $0.00 $1,895.71 $338,468.64
162 $338,468.64 $1,294.17 $0.00 $1,913.75 $341,676.56
163 $341,676.56 $1,294.17 $0.00 $1,931.89 $344,902.62
164 $344,902.62 $1,294.17 $0.00 $1,950.13 $348,146.92
165 $348,146.92 $1,294.17 $0.00 $1,968.47 $351,409.56
166 $351,409.56 $1,294.17 $0.00 $1,986.92 $354,690.65
167 $354,690.65 $1,294.17 $0.00 $2,005.47 $357,990.29
168 $357,990.29 $1,294.17 $0.00 $2,024.13 $361,308.59
169 $361,308.59 $1,294.17 $0.00 $2,042.89 $364,645.65
170 $364,645.65 $1,294.17 $0.00 $2,061.76 $368,001.58
171 $368,001.58 $1,294.17 $0.00 $2,080.73 $371,376.48
172 $371,376.48 $1,294.17 $0.00 $2,099.82 $374,770.47
173 $374,770.47 $1,294.17 $0.00 $2,119.01 $378,183.65
174 $378,183.65 $1,294.17 $0.00 $2,138.31 $381,616.13
175 $381,616.13 $1,294.17 $0.00 $2,157.71 $385,068.01
176 $385,068.01 $1,294.17 $0.00 $2,177.23 $388,539.41
177 $388,539.41 $1,294.17 $0.00 $2,196.86 $392,030.44
178 $392,030.44 $1,294.17 $0.00 $2,216.60 $395,541.21
179 $395,541.21 $1,294.17 $0.00 $2,236.45 $399,071.83
180 $399,071.83 $1,294.17 $0.00 $2,256.41 $402,622.41
181 $402,622.41 $1,294.17 $0.00 $2,276.49 $406,193.07
182 $406,193.07 $1,294.17 $0.00 $2,296.67 $409,783.91
183 $409,783.91 $1,294.17 $0.00 $2,316.98 $413,395.06
184 $413,395.06 $1,294.17 $0.00 $2,337.40 $417,026.63
185 $417,026.63 $1,294.17 $0.00 $2,357.93 $420,678.73
186 $420,678.73 $1,294.17 $0.00 $2,378.58 $424,351.48
187 $424,351.48 $1,294.17 $0.00 $2,399.34 $428,044.99
188 $428,044.99 $1,294.17 $0.00 $2,420.23 $431,759.39
189 $431,759.39 $1,294.17 $0.00 $2,441.23 $435,494.79
190 $435,494.79 $1,294.17 $0.00 $2,462.35 $439,251.31
191 $439,251.31 $1,294.17 $0.00 $2,483.59 $443,029.07
192 $443,029.07 $1,294.17 $0.00 $2,504.95 $446,828.19
193 $446,828.19 $1,294.17 $0.00 $2,526.43 $450,648.79
194 $450,648.79 $1,294.17 $0.00 $2,548.03 $454,490.99
195 $454,490.99 $1,294.17 $0.00 $2,569.76 $458,354.92
196 $458,354.92 $1,294.17 $0.00 $2,591.61 $462,240.70
197 $462,240.70 $1,294.17 $0.00 $2,613.58 $466,148.45
198 $466,148.45 $1,294.17 $0.00 $2,635.67 $470,078.29
199 $470,078.29 $1,294.17 $0.00 $2,657.89 $474,030.35
200 $474,030.35 $1,294.17 $0.00 $2,680.24 $478,004.76
201 $478,004.76 $1,294.17 $0.00 $2,702.71 $482,001.64
202 $482,001.64 $1,294.17 $0.00 $2,725.31 $486,021.12
203 $486,021.12 $1,294.17 $0.00 $2,748.03 $490,063.32
204 $490,063.32 $1,294.17 $0.00 $2,770.89 $494,128.38
205 $494,128.38 $1,294.17 $0.00 $2,793.87 $498,216.42
206 $498,216.42 $1,294.17 $0.00 $2,816.99 $502,327.58
207 $502,327.58 $1,294.17 $0.00 $2,840.23 $506,461.98
208 $506,461.98 $1,294.17 $0.00 $2,863.61 $510,619.76
209 $510,619.76 $1,294.17 $0.00 $2,887.12 $514,801.05
210 $514,801.05 $1,294.17 $0.00 $2,910.76 $519,005.98
211 $519,005.98 $1,294.17 $0.00 $2,934.54 $523,234.69
212 $523,234.69 $1,294.17 $0.00 $2,958.45 $527,487.31
213 $527,487.31 $1,294.17 $0.00 $2,982.49 $531,763.97
214 $531,763.97 $1,294.17 $0.00 $3,006.67 $536,064.81
215 $536,064.81 $1,294.17 $0.00 $3,030.99 $540,389.97
216 $540,389.97 $1,294.17 $0.00 $3,055.44 $544,739.58
217 $544,739.58 $1,294.17 $147,527.28 $3,080.04 $401,586.51
218 $401,586.51 $1,294.17 $0.00 $2,270.63 $405,151.31
219 $405,151.31 $1,294.17 $0.00 $2,290.78 $408,736.26
220 $408,736.26 $1,294.17 $0.00 $2,311.05 $412,341.48
221 $412,341.48 $1,294.17 $0.00 $2,331.44 $415,967.09
222 $415,967.09 $1,294.17 $0.00 $2,351.94 $419,613.20
223 $419,613.20 $1,294.17 $0.00 $2,372.55 $423,279.92
224 $423,279.92 $1,294.17 $0.00 $2,393.29 $426,967.38
225 $426,967.38 $1,294.17 $0.00 $2,414.14 $430,675.69
226 $430,675.69 $1,294.17 $0.00 $2,435.10 $434,404.96
227 $434,404.96 $1,294.17 $0.00 $2,456.19 $438,155.32
228 $438,155.32 $1,294.17 $0.00 $2,477.39 $441,926.88
229 $441,926.88 $1,294.17 $157,854.19 $2,498.72 $287,865.58
230 $287,865.58 $1,294.17 $0.00 $1,627.63 $290,787.38
231 $290,787.38 $1,294.17 $0.00 $1,644.15 $293,725.70
232 $293,725.70 $1,294.17 $0.00 $1,660.77 $296,680.64
233 $296,680.64 $1,294.17 $0.00 $1,677.48 $299,652.29
234 $299,652.29 $1,294.17 $0.00 $1,694.28 $302,640.74
235 $302,640.74 $1,294.17 $0.00 $1,711.17 $305,646.08
236 $305,646.08 $1,294.17 $0.00 $1,728.17 $308,668.42
237 $308,668.42 $1,294.17 $0.00 $1,745.26 $311,707.85
238 $311,707.85 $1,294.17 $0.00 $1,762.44 $314,764.46
239 $314,764.46 $1,294.17 $0.00 $1,779.72 $317,838.35
240 $317,838.35 $1,294.17 $0.00 $1,797.10 $320,929.62
241 $320,929.62 $1,294.17 $168,903.99 $1,814.58 $155,134.38
242 $155,134.38 $1,294.17 $0.00 $877.15 $157,305.70
243 $157,305.70 $1,294.17 $0.00 $889.43 $159,489.30
244 $159,489.30 $1,294.17 $0.00 $901.78 $161,685.25
245 $161,685.25 $1,294.17 $0.00 $914.19 $163,893.61
246 $163,893.61 $1,294.17 $0.00 $926.68 $166,114.46
247 $166,114.46 $1,294.17 $0.00 $939.24 $168,347.87
248 $168,347.87 $1,294.17 $0.00 $951.86 $170,593.90
249 $170,593.90 $1,294.17 $0.00 $964.56 $172,852.63
250 $172,852.63 $1,294.17 $0.00 $977.33 $175,124.13
251 $175,124.13 $1,294.17 $0.00 $990.18 $177,408.48
252 $177,408.48 $1,294.17 $0.00 $1,003.09 $179,705.74
253 $179,705.74 $0.00 $180,727.27 $1,016.08 -$5.45