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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$94,032
Monthly savings required$744

How much will it cost to send your child to Ave Maria University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $376,129.18 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $744.34 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$36,261.00
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 $744.34 $0.00 $0.00 $744.34
2 $744.34 $744.34 $0.00 $4.21 $1,492.89
3 $1,492.89 $744.34 $0.00 $8.44 $2,245.67
4 $2,245.67 $744.34 $0.00 $12.70 $3,002.71
5 $3,002.71 $744.34 $0.00 $16.98 $3,764.03
6 $3,764.03 $744.34 $0.00 $21.28 $4,529.65
7 $4,529.65 $744.34 $0.00 $25.61 $5,299.60
8 $5,299.60 $744.34 $0.00 $29.96 $6,073.90
9 $6,073.90 $744.34 $0.00 $34.34 $6,852.58
10 $6,852.58 $744.34 $0.00 $38.75 $7,635.67
11 $7,635.67 $744.34 $0.00 $43.17 $8,423.18
12 $8,423.18 $744.34 $0.00 $47.63 $9,215.15
13 $9,215.15 $744.34 $0.00 $52.10 $10,011.59
14 $10,011.59 $744.34 $0.00 $56.61 $10,812.54
15 $10,812.54 $744.34 $0.00 $61.14 $11,618.02
16 $11,618.02 $744.34 $0.00 $65.69 $12,428.05
17 $12,428.05 $744.34 $0.00 $70.27 $13,242.66
18 $13,242.66 $744.34 $0.00 $74.88 $14,061.88
19 $14,061.88 $744.34 $0.00 $79.51 $14,885.73
20 $14,885.73 $744.34 $0.00 $84.17 $15,714.24
21 $15,714.24 $744.34 $0.00 $88.85 $16,547.43
22 $16,547.43 $744.34 $0.00 $93.56 $17,385.33
23 $17,385.33 $744.34 $0.00 $98.30 $18,227.97
24 $18,227.97 $744.34 $0.00 $103.06 $19,075.37
25 $19,075.37 $744.34 $0.00 $107.85 $19,927.56
26 $19,927.56 $744.34 $0.00 $112.67 $20,784.57
27 $20,784.57 $744.34 $0.00 $117.52 $21,646.43
28 $21,646.43 $744.34 $0.00 $122.39 $22,513.16
29 $22,513.16 $744.34 $0.00 $127.29 $23,384.79
30 $23,384.79 $744.34 $0.00 $132.22 $24,261.35
31 $24,261.35 $744.34 $0.00 $137.18 $25,142.87
32 $25,142.87 $744.34 $0.00 $142.16 $26,029.37
33 $26,029.37 $744.34 $0.00 $147.17 $26,920.88
34 $26,920.88 $744.34 $0.00 $152.21 $27,817.43
35 $27,817.43 $744.34 $0.00 $157.28 $28,719.05
36 $28,719.05 $744.34 $0.00 $162.38 $29,625.77
37 $29,625.77 $744.34 $0.00 $167.51 $30,537.62
38 $30,537.62 $744.34 $0.00 $172.66 $31,454.62
39 $31,454.62 $744.34 $0.00 $177.85 $32,376.81
40 $32,376.81 $744.34 $0.00 $183.06 $33,304.21
41 $33,304.21 $744.34 $0.00 $188.31 $34,236.86
42 $34,236.86 $744.34 $0.00 $193.58 $35,174.78
43 $35,174.78 $744.34 $0.00 $198.88 $36,118.00
44 $36,118.00 $744.34 $0.00 $204.22 $37,066.56
45 $37,066.56 $744.34 $0.00 $209.58 $38,020.48
46 $38,020.48 $744.34 $0.00 $214.97 $38,979.79
47 $38,979.79 $744.34 $0.00 $220.40 $39,944.53
48 $39,944.53 $744.34 $0.00 $225.85 $40,914.72
49 $40,914.72 $744.34 $0.00 $231.34 $41,890.40
50 $41,890.40 $744.34 $0.00 $236.85 $42,871.59
51 $42,871.59 $744.34 $0.00 $242.40 $43,858.33
52 $43,858.33 $744.34 $0.00 $247.98 $44,850.65
53 $44,850.65 $744.34 $0.00 $253.59 $45,848.58
54 $45,848.58 $744.34 $0.00 $259.23 $46,852.15
55 $46,852.15 $744.34 $0.00 $264.91 $47,861.40
56 $47,861.40 $744.34 $0.00 $270.62 $48,876.36
57 $48,876.36 $744.34 $0.00 $276.35 $49,897.05
58 $49,897.05 $744.34 $0.00 $282.13 $50,923.52
59 $50,923.52 $744.34 $0.00 $287.93 $51,955.79
60 $51,955.79 $744.34 $0.00 $293.77 $52,993.90
61 $52,993.90 $744.34 $0.00 $299.64 $54,037.88
62 $54,037.88 $744.34 $0.00 $305.54 $55,087.76
63 $55,087.76 $744.34 $0.00 $311.47 $56,143.57
64 $56,143.57 $744.34 $0.00 $317.44 $57,205.35
65 $57,205.35 $744.34 $0.00 $323.45 $58,273.14
66 $58,273.14 $744.34 $0.00 $329.48 $59,346.96
67 $59,346.96 $744.34 $0.00 $335.56 $60,426.86
68 $60,426.86 $744.34 $0.00 $341.66 $61,512.86
69 $61,512.86 $744.34 $0.00 $347.80 $62,605.00
70 $62,605.00 $744.34 $0.00 $353.98 $63,703.32
71 $63,703.32 $744.34 $0.00 $360.19 $64,807.85
72 $64,807.85 $744.34 $0.00 $366.43 $65,918.62
73 $65,918.62 $744.34 $0.00 $372.71 $67,035.67
74 $67,035.67 $744.34 $0.00 $379.03 $68,159.04
75 $68,159.04 $744.34 $0.00 $385.38 $69,288.76
76 $69,288.76 $744.34 $0.00 $391.77 $70,424.87
77 $70,424.87 $744.34 $0.00 $398.19 $71,567.40
78 $71,567.40 $744.34 $0.00 $404.65 $72,716.39
79 $72,716.39 $744.34 $0.00 $411.15 $73,871.88
80 $73,871.88 $744.34 $0.00 $417.68 $75,033.90
81 $75,033.90 $744.34 $0.00 $424.25 $76,202.49
82 $76,202.49 $744.34 $0.00 $430.86 $77,377.69
83 $77,377.69 $744.34 $0.00 $437.50 $78,559.53
84 $78,559.53 $744.34 $0.00 $444.19 $79,748.06
85 $79,748.06 $744.34 $0.00 $450.91 $80,943.31
86 $80,943.31 $744.34 $0.00 $457.67 $82,145.32
87 $82,145.32 $744.34 $0.00 $464.46 $83,354.12
88 $83,354.12 $744.34 $0.00 $471.30 $84,569.76
89 $84,569.76 $744.34 $0.00 $478.17 $85,792.27
90 $85,792.27 $744.34 $0.00 $485.08 $87,021.69
91 $87,021.69 $744.34 $0.00 $492.03 $88,258.06
92 $88,258.06 $744.34 $0.00 $499.02 $89,501.42
93 $89,501.42 $744.34 $0.00 $506.05 $90,751.81
94 $90,751.81 $744.34 $0.00 $513.12 $92,009.27
95 $92,009.27 $744.34 $0.00 $520.23 $93,273.84
96 $93,273.84 $744.34 $0.00 $527.38 $94,545.56
97 $94,545.56 $744.34 $0.00 $534.57 $95,824.47
98 $95,824.47 $744.34 $0.00 $541.81 $97,110.62
99 $97,110.62 $744.34 $0.00 $549.08 $98,404.04
100 $98,404.04 $744.34 $0.00 $556.39 $99,704.77
101 $99,704.77 $744.34 $0.00 $563.75 $101,012.86
102 $101,012.86 $744.34 $0.00 $571.14 $102,328.34
103 $102,328.34 $744.34 $0.00 $578.58 $103,651.26
104 $103,651.26 $744.34 $0.00 $586.06 $104,981.66
105 $104,981.66 $744.34 $0.00 $593.58 $106,319.58
106 $106,319.58 $744.34 $0.00 $601.15 $107,665.07
107 $107,665.07 $744.34 $0.00 $608.75 $109,018.16
108 $109,018.16 $744.34 $0.00 $616.40 $110,378.90
109 $110,378.90 $744.34 $0.00 $624.10 $111,747.34
110 $111,747.34 $744.34 $0.00 $631.84 $113,123.52
111 $113,123.52 $744.34 $0.00 $639.62 $114,507.48
112 $114,507.48 $744.34 $0.00 $647.44 $115,899.26
113 $115,899.26 $744.34 $0.00 $655.31 $117,298.91
114 $117,298.91 $744.34 $0.00 $663.23 $118,706.48
115 $118,706.48 $744.34 $0.00 $671.18 $120,122.00
116 $120,122.00 $744.34 $0.00 $679.19 $121,545.53
117 $121,545.53 $744.34 $0.00 $687.24 $122,977.11
118 $122,977.11 $744.34 $0.00 $695.33 $124,416.78
119 $124,416.78 $744.34 $0.00 $703.47 $125,864.59
120 $125,864.59 $744.34 $0.00 $711.66 $127,320.59
121 $127,320.59 $744.34 $0.00 $719.89 $128,784.82
122 $128,784.82 $744.34 $0.00 $728.17 $130,257.33
123 $130,257.33 $744.34 $0.00 $736.49 $131,738.16
124 $131,738.16 $744.34 $0.00 $744.87 $133,227.37
125 $133,227.37 $744.34 $0.00 $753.29 $134,725.00
126 $134,725.00 $744.34 $0.00 $761.75 $136,231.09
127 $136,231.09 $744.34 $0.00 $770.27 $137,745.70
128 $137,745.70 $744.34 $0.00 $778.83 $139,268.87
129 $139,268.87 $744.34 $0.00 $787.45 $140,800.66
130 $140,800.66 $744.34 $0.00 $796.11 $142,341.11
131 $142,341.11 $744.34 $0.00 $804.82 $143,890.27
132 $143,890.27 $744.34 $0.00 $813.58 $145,448.19
133 $145,448.19 $744.34 $0.00 $822.39 $147,014.92
134 $147,014.92 $744.34 $0.00 $831.24 $148,590.50
135 $148,590.50 $744.34 $0.00 $840.15 $150,174.99
136 $150,174.99 $744.34 $0.00 $849.11 $151,768.44
137 $151,768.44 $744.34 $0.00 $858.12 $153,370.90
138 $153,370.90 $744.34 $0.00 $867.18 $154,982.42
139 $154,982.42 $744.34 $0.00 $876.29 $156,603.05
140 $156,603.05 $744.34 $0.00 $885.46 $158,232.85
141 $158,232.85 $744.34 $0.00 $894.67 $159,871.86
142 $159,871.86 $744.34 $0.00 $903.94 $161,520.14
143 $161,520.14 $744.34 $0.00 $913.26 $163,177.74
144 $163,177.74 $744.34 $0.00 $922.63 $164,844.71
145 $164,844.71 $744.34 $0.00 $932.06 $166,521.11
146 $166,521.11 $744.34 $0.00 $941.53 $168,206.98
147 $168,206.98 $744.34 $0.00 $951.07 $169,902.39
148 $169,902.39 $744.34 $0.00 $960.65 $171,607.38
149 $171,607.38 $744.34 $0.00 $970.29 $173,322.01
150 $173,322.01 $744.34 $0.00 $979.99 $175,046.34
151 $175,046.34 $744.34 $0.00 $989.74 $176,780.42
152 $176,780.42 $744.34 $0.00 $999.54 $178,524.30
153 $178,524.30 $744.34 $0.00 $1,009.40 $180,278.04
154 $180,278.04 $744.34 $0.00 $1,019.32 $182,041.70
155 $182,041.70 $744.34 $0.00 $1,029.29 $183,815.33
156 $183,815.33 $744.34 $0.00 $1,039.32 $185,598.99
157 $185,598.99 $744.34 $0.00 $1,049.40 $187,392.73
158 $187,392.73 $744.34 $0.00 $1,059.55 $189,196.62
159 $189,196.62 $744.34 $0.00 $1,069.75 $191,010.71
160 $191,010.71 $744.34 $0.00 $1,080.00 $192,835.05
161 $192,835.05 $744.34 $0.00 $1,090.32 $194,669.71
162 $194,669.71 $744.34 $0.00 $1,100.69 $196,514.74
163 $196,514.74 $744.34 $0.00 $1,111.12 $198,370.20
164 $198,370.20 $744.34 $0.00 $1,121.61 $200,236.15
165 $200,236.15 $744.34 $0.00 $1,132.16 $202,112.65
166 $202,112.65 $744.34 $0.00 $1,142.77 $203,999.76
167 $203,999.76 $744.34 $0.00 $1,153.44 $205,897.54
168 $205,897.54 $744.34 $0.00 $1,164.17 $207,806.05
169 $207,806.05 $744.34 $0.00 $1,174.97 $209,725.36
170 $209,725.36 $744.34 $0.00 $1,185.82 $211,655.52
171 $211,655.52 $744.34 $0.00 $1,196.73 $213,596.59
172 $213,596.59 $744.34 $0.00 $1,207.71 $215,548.64
173 $215,548.64 $744.34 $0.00 $1,218.74 $217,511.72
174 $217,511.72 $744.34 $0.00 $1,229.84 $219,485.90
175 $219,485.90 $744.34 $0.00 $1,241.01 $221,471.25
176 $221,471.25 $744.34 $0.00 $1,252.23 $223,467.82
177 $223,467.82 $744.34 $0.00 $1,263.52 $225,475.68
178 $225,475.68 $744.34 $0.00 $1,274.87 $227,494.89
179 $227,494.89 $744.34 $0.00 $1,286.29 $229,525.52
180 $229,525.52 $744.34 $0.00 $1,297.77 $231,567.63
181 $231,567.63 $744.34 $0.00 $1,309.32 $233,621.29
182 $233,621.29 $744.34 $0.00 $1,320.93 $235,686.56
183 $235,686.56 $744.34 $0.00 $1,332.61 $237,763.51
184 $237,763.51 $744.34 $0.00 $1,344.35 $239,852.20
185 $239,852.20 $744.34 $0.00 $1,356.16 $241,952.70
186 $241,952.70 $744.34 $0.00 $1,368.04 $244,065.08
187 $244,065.08 $744.34 $0.00 $1,379.98 $246,189.40
188 $246,189.40 $744.34 $0.00 $1,391.99 $248,325.73
189 $248,325.73 $744.34 $0.00 $1,404.07 $250,474.14
190 $250,474.14 $744.34 $0.00 $1,416.22 $252,634.70
191 $252,634.70 $744.34 $0.00 $1,428.43 $254,807.47
192 $254,807.47 $744.34 $0.00 $1,440.72 $256,992.53
193 $256,992.53 $744.34 $0.00 $1,453.07 $259,189.94
194 $259,189.94 $744.34 $0.00 $1,465.50 $261,399.78
195 $261,399.78 $744.34 $0.00 $1,477.99 $263,622.11
196 $263,622.11 $744.34 $0.00 $1,490.56 $265,857.01
197 $265,857.01 $744.34 $0.00 $1,503.19 $268,104.54
198 $268,104.54 $744.34 $0.00 $1,515.90 $270,364.78
199 $270,364.78 $744.34 $0.00 $1,528.68 $272,637.80
200 $272,637.80 $744.34 $0.00 $1,541.53 $274,923.67
201 $274,923.67 $744.34 $0.00 $1,554.46 $277,222.47
202 $277,222.47 $744.34 $0.00 $1,567.46 $279,534.27
203 $279,534.27 $744.34 $0.00 $1,580.53 $281,859.14
204 $281,859.14 $744.34 $0.00 $1,593.67 $284,197.15
205 $284,197.15 $744.34 $0.00 $1,606.89 $286,548.38
206 $286,548.38 $744.34 $0.00 $1,620.19 $288,912.91
207 $288,912.91 $744.34 $0.00 $1,633.56 $291,290.81
208 $291,290.81 $744.34 $0.00 $1,647.00 $293,682.15
209 $293,682.15 $744.34 $0.00 $1,660.52 $296,087.01
210 $296,087.01 $744.34 $0.00 $1,674.12 $298,505.47
211 $298,505.47 $744.34 $0.00 $1,687.79 $300,937.60
212 $300,937.60 $744.34 $0.00 $1,701.54 $303,383.48
213 $303,383.48 $744.34 $0.00 $1,715.37 $305,843.19
214 $305,843.19 $744.34 $0.00 $1,729.28 $308,316.81
215 $308,316.81 $744.34 $0.00 $1,743.27 $310,804.42
216 $310,804.42 $744.34 $0.00 $1,757.33 $313,306.09
217 $313,306.09 $744.34 $87,266.42 $1,771.48 $228,555.49
218 $228,555.49 $744.34 $0.00 $1,292.29 $230,592.12
219 $230,592.12 $744.34 $0.00 $1,303.80 $232,640.26
220 $232,640.26 $744.34 $0.00 $1,315.38 $234,699.98
221 $234,699.98 $744.34 $0.00 $1,327.03 $236,771.35
222 $236,771.35 $744.34 $0.00 $1,338.74 $238,854.43
223 $238,854.43 $744.34 $0.00 $1,350.52 $240,949.29
224 $240,949.29 $744.34 $0.00 $1,362.36 $243,055.99
225 $243,055.99 $744.34 $0.00 $1,374.27 $245,174.60
226 $245,174.60 $744.34 $0.00 $1,386.25 $247,305.19
227 $247,305.19 $744.34 $0.00 $1,398.30 $249,447.83
228 $249,447.83 $744.34 $0.00 $1,410.41 $251,602.58
229 $251,602.58 $744.34 $91,629.74 $1,422.60 $162,139.78
230 $162,139.78 $744.34 $0.00 $916.76 $163,800.88
231 $163,800.88 $744.34 $0.00 $926.15 $165,471.37
232 $165,471.37 $744.34 $0.00 $935.60 $167,151.31
233 $167,151.31 $744.34 $0.00 $945.10 $168,840.75
234 $168,840.75 $744.34 $0.00 $954.65 $170,539.74
235 $170,539.74 $744.34 $0.00 $964.26 $172,248.34
236 $172,248.34 $744.34 $0.00 $973.92 $173,966.60
237 $173,966.60 $744.34 $0.00 $983.63 $175,694.57
238 $175,694.57 $744.34 $0.00 $993.40 $177,432.31
239 $177,432.31 $744.34 $0.00 $1,003.23 $179,179.88
240 $179,179.88 $744.34 $0.00 $1,013.11 $180,937.33
241 $180,937.33 $744.34 $96,211.23 $1,023.05 $86,493.49
242 $86,493.49 $744.34 $0.00 $489.05 $87,726.88
243 $87,726.88 $744.34 $0.00 $496.02 $88,967.24
244 $88,967.24 $744.34 $0.00 $503.03 $90,214.61
245 $90,214.61 $744.34 $0.00 $510.09 $91,469.04
246 $91,469.04 $744.34 $0.00 $517.18 $92,730.56
247 $92,730.56 $744.34 $0.00 $524.31 $93,999.21
248 $93,999.21 $744.34 $0.00 $531.49 $95,275.04
249 $95,275.04 $744.34 $0.00 $538.70 $96,558.08
250 $96,558.08 $744.34 $0.00 $545.95 $97,848.37
251 $97,848.37 $744.34 $0.00 $553.25 $99,145.96
252 $99,145.96 $744.34 $0.00 $560.59 $100,450.89
253 $100,450.89 $0.00 $101,021.79 $567.96 ($2.94)