Savings Plan and Future Cost Estimation for Jacksonville University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$157,537
Monthly savings required$1,247

How much will it cost to send your child to Jacksonville University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $630,149.41 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,247.03 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$60,750.00
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 $1,247.03 $0.00 $0.00 $1,247.03
2 $1,247.03 $1,247.03 $0.00 $7.05 $2,501.11
3 $2,501.11 $1,247.03 $0.00 $14.14 $3,762.28
4 $3,762.28 $1,247.03 $0.00 $21.27 $5,030.58
5 $5,030.58 $1,247.03 $0.00 $28.44 $6,306.05
6 $6,306.05 $1,247.03 $0.00 $35.66 $7,588.74
7 $7,588.74 $1,247.03 $0.00 $42.91 $8,878.68
8 $8,878.68 $1,247.03 $0.00 $50.20 $10,175.91
9 $10,175.91 $1,247.03 $0.00 $57.54 $11,480.48
10 $11,480.48 $1,247.03 $0.00 $64.91 $12,792.42
11 $12,792.42 $1,247.03 $0.00 $72.33 $14,111.78
12 $14,111.78 $1,247.03 $0.00 $79.79 $15,438.60
13 $15,438.60 $1,247.03 $0.00 $87.29 $16,772.92
14 $16,772.92 $1,247.03 $0.00 $94.84 $18,114.79
15 $18,114.79 $1,247.03 $0.00 $102.42 $19,464.24
16 $19,464.24 $1,247.03 $0.00 $110.05 $20,821.32
17 $20,821.32 $1,247.03 $0.00 $117.73 $22,186.08
18 $22,186.08 $1,247.03 $0.00 $125.44 $23,558.55
19 $23,558.55 $1,247.03 $0.00 $133.20 $24,938.78
20 $24,938.78 $1,247.03 $0.00 $141.01 $26,326.82
21 $26,326.82 $1,247.03 $0.00 $148.86 $27,722.71
22 $27,722.71 $1,247.03 $0.00 $156.75 $29,126.49
23 $29,126.49 $1,247.03 $0.00 $164.69 $30,538.21
24 $30,538.21 $1,247.03 $0.00 $172.67 $31,957.91
25 $31,957.91 $1,247.03 $0.00 $180.69 $33,385.63
26 $33,385.63 $1,247.03 $0.00 $188.77 $34,821.43
27 $34,821.43 $1,247.03 $0.00 $196.89 $36,265.35
28 $36,265.35 $1,247.03 $0.00 $205.05 $37,717.43
29 $37,717.43 $1,247.03 $0.00 $213.26 $39,177.72
30 $39,177.72 $1,247.03 $0.00 $221.52 $40,646.27
31 $40,646.27 $1,247.03 $0.00 $229.82 $42,123.12
32 $42,123.12 $1,247.03 $0.00 $238.17 $43,608.32
33 $43,608.32 $1,247.03 $0.00 $246.57 $45,101.92
34 $45,101.92 $1,247.03 $0.00 $255.01 $46,603.96
35 $46,603.96 $1,247.03 $0.00 $263.51 $48,114.50
36 $48,114.50 $1,247.03 $0.00 $272.05 $49,633.58
37 $49,633.58 $1,247.03 $0.00 $280.64 $51,161.25
38 $51,161.25 $1,247.03 $0.00 $289.27 $52,697.55
39 $52,697.55 $1,247.03 $0.00 $297.96 $54,242.54
40 $54,242.54 $1,247.03 $0.00 $306.70 $55,796.27
41 $55,796.27 $1,247.03 $0.00 $315.48 $57,358.78
42 $57,358.78 $1,247.03 $0.00 $324.31 $58,930.12
43 $58,930.12 $1,247.03 $0.00 $333.20 $60,510.35
44 $60,510.35 $1,247.03 $0.00 $342.13 $62,099.51
45 $62,099.51 $1,247.03 $0.00 $351.12 $63,697.66
46 $63,697.66 $1,247.03 $0.00 $360.16 $65,304.85
47 $65,304.85 $1,247.03 $0.00 $369.24 $66,921.12
48 $66,921.12 $1,247.03 $0.00 $378.38 $68,546.53
49 $68,546.53 $1,247.03 $0.00 $387.57 $70,181.13
50 $70,181.13 $1,247.03 $0.00 $396.81 $71,824.97
51 $71,824.97 $1,247.03 $0.00 $406.11 $73,478.11
52 $73,478.11 $1,247.03 $0.00 $415.46 $75,140.60
53 $75,140.60 $1,247.03 $0.00 $424.86 $76,812.49
54 $76,812.49 $1,247.03 $0.00 $434.31 $78,493.83
55 $78,493.83 $1,247.03 $0.00 $443.82 $80,184.68
56 $80,184.68 $1,247.03 $0.00 $453.38 $81,885.09
57 $81,885.09 $1,247.03 $0.00 $462.99 $83,595.11
58 $83,595.11 $1,247.03 $0.00 $472.66 $85,314.80
59 $85,314.80 $1,247.03 $0.00 $482.38 $87,044.21
60 $87,044.21 $1,247.03 $0.00 $492.16 $88,783.40
61 $88,783.40 $1,247.03 $0.00 $501.99 $90,532.42
62 $90,532.42 $1,247.03 $0.00 $511.88 $92,291.33
63 $92,291.33 $1,247.03 $0.00 $521.83 $94,060.19
64 $94,060.19 $1,247.03 $0.00 $531.83 $95,839.05
65 $95,839.05 $1,247.03 $0.00 $541.89 $97,627.97
66 $97,627.97 $1,247.03 $0.00 $552.00 $99,427.00
67 $99,427.00 $1,247.03 $0.00 $562.17 $101,236.20
68 $101,236.20 $1,247.03 $0.00 $572.40 $103,055.63
69 $103,055.63 $1,247.03 $0.00 $582.69 $104,885.35
70 $104,885.35 $1,247.03 $0.00 $593.04 $106,725.42
71 $106,725.42 $1,247.03 $0.00 $603.44 $108,575.89
72 $108,575.89 $1,247.03 $0.00 $613.90 $110,436.82
73 $110,436.82 $1,247.03 $0.00 $624.43 $112,308.28
74 $112,308.28 $1,247.03 $0.00 $635.01 $114,190.32
75 $114,190.32 $1,247.03 $0.00 $645.65 $116,083.00
76 $116,083.00 $1,247.03 $0.00 $656.35 $117,986.38
77 $117,986.38 $1,247.03 $0.00 $667.11 $119,900.52
78 $119,900.52 $1,247.03 $0.00 $677.93 $121,825.48
79 $121,825.48 $1,247.03 $0.00 $688.82 $123,761.33
80 $123,761.33 $1,247.03 $0.00 $699.76 $125,708.12
81 $125,708.12 $1,247.03 $0.00 $710.77 $127,665.92
82 $127,665.92 $1,247.03 $0.00 $721.84 $129,634.79
83 $129,634.79 $1,247.03 $0.00 $732.97 $131,614.79
84 $131,614.79 $1,247.03 $0.00 $744.17 $133,605.99
85 $133,605.99 $1,247.03 $0.00 $755.43 $135,608.45
86 $135,608.45 $1,247.03 $0.00 $766.75 $137,622.23
87 $137,622.23 $1,247.03 $0.00 $778.14 $139,647.40
88 $139,647.40 $1,247.03 $0.00 $789.59 $141,684.02
89 $141,684.02 $1,247.03 $0.00 $801.10 $143,732.15
90 $143,732.15 $1,247.03 $0.00 $812.68 $145,791.86
91 $145,791.86 $1,247.03 $0.00 $824.33 $147,863.22
92 $147,863.22 $1,247.03 $0.00 $836.04 $149,946.29
93 $149,946.29 $1,247.03 $0.00 $847.82 $152,041.14
94 $152,041.14 $1,247.03 $0.00 $859.66 $154,147.83
95 $154,147.83 $1,247.03 $0.00 $871.57 $156,266.43
96 $156,266.43 $1,247.03 $0.00 $883.55 $158,397.01
97 $158,397.01 $1,247.03 $0.00 $895.60 $160,539.64
98 $160,539.64 $1,247.03 $0.00 $907.71 $162,694.38
99 $162,694.38 $1,247.03 $0.00 $919.90 $164,861.31
100 $164,861.31 $1,247.03 $0.00 $932.15 $167,040.49
101 $167,040.49 $1,247.03 $0.00 $944.47 $169,231.99
102 $169,231.99 $1,247.03 $0.00 $956.86 $171,435.88
103 $171,435.88 $1,247.03 $0.00 $969.32 $173,652.23
104 $173,652.23 $1,247.03 $0.00 $981.85 $175,881.11
105 $175,881.11 $1,247.03 $0.00 $994.46 $178,122.60
106 $178,122.60 $1,247.03 $0.00 $1,007.13 $180,376.76
107 $180,376.76 $1,247.03 $0.00 $1,019.88 $182,643.67
108 $182,643.67 $1,247.03 $0.00 $1,032.69 $184,923.39
109 $184,923.39 $1,247.03 $0.00 $1,045.58 $187,216.00
110 $187,216.00 $1,247.03 $0.00 $1,058.55 $189,521.58
111 $189,521.58 $1,247.03 $0.00 $1,071.58 $191,840.19
112 $191,840.19 $1,247.03 $0.00 $1,084.69 $194,171.91
113 $194,171.91 $1,247.03 $0.00 $1,097.88 $196,516.82
114 $196,516.82 $1,247.03 $0.00 $1,111.13 $198,874.98
115 $198,874.98 $1,247.03 $0.00 $1,124.47 $201,246.48
116 $201,246.48 $1,247.03 $0.00 $1,137.88 $203,631.39
117 $203,631.39 $1,247.03 $0.00 $1,151.36 $206,029.78
118 $206,029.78 $1,247.03 $0.00 $1,164.92 $208,441.73
119 $208,441.73 $1,247.03 $0.00 $1,178.56 $210,867.32
120 $210,867.32 $1,247.03 $0.00 $1,192.27 $213,306.62
121 $213,306.62 $1,247.03 $0.00 $1,206.07 $215,759.72
122 $215,759.72 $1,247.03 $0.00 $1,219.94 $218,226.69
123 $218,226.69 $1,247.03 $0.00 $1,233.89 $220,707.61
124 $220,707.61 $1,247.03 $0.00 $1,247.91 $223,202.55
125 $223,202.55 $1,247.03 $0.00 $1,262.02 $225,711.60
126 $225,711.60 $1,247.03 $0.00 $1,276.21 $228,234.84
127 $228,234.84 $1,247.03 $0.00 $1,290.47 $230,772.34
128 $230,772.34 $1,247.03 $0.00 $1,304.82 $233,324.19
129 $233,324.19 $1,247.03 $0.00 $1,319.25 $235,890.47
130 $235,890.47 $1,247.03 $0.00 $1,333.76 $238,471.26
131 $238,471.26 $1,247.03 $0.00 $1,348.35 $241,066.64
132 $241,066.64 $1,247.03 $0.00 $1,363.03 $243,676.70
133 $243,676.70 $1,247.03 $0.00 $1,377.78 $246,301.51
134 $246,301.51 $1,247.03 $0.00 $1,392.62 $248,941.16
135 $248,941.16 $1,247.03 $0.00 $1,407.55 $251,595.74
136 $251,595.74 $1,247.03 $0.00 $1,422.56 $254,265.33
137 $254,265.33 $1,247.03 $0.00 $1,437.65 $256,950.01
138 $256,950.01 $1,247.03 $0.00 $1,452.83 $259,649.87
139 $259,649.87 $1,247.03 $0.00 $1,468.10 $262,365.00
140 $262,365.00 $1,247.03 $0.00 $1,483.45 $265,095.48
141 $265,095.48 $1,247.03 $0.00 $1,498.89 $267,841.40
142 $267,841.40 $1,247.03 $0.00 $1,514.41 $270,602.84
143 $270,602.84 $1,247.03 $0.00 $1,530.03 $273,379.90
144 $273,379.90 $1,247.03 $0.00 $1,545.73 $276,172.66
145 $276,172.66 $1,247.03 $0.00 $1,561.52 $278,981.21
146 $278,981.21 $1,247.03 $0.00 $1,577.40 $281,805.64
147 $281,805.64 $1,247.03 $0.00 $1,593.37 $284,646.04
148 $284,646.04 $1,247.03 $0.00 $1,609.43 $287,502.50
149 $287,502.50 $1,247.03 $0.00 $1,625.58 $290,375.11
150 $290,375.11 $1,247.03 $0.00 $1,641.82 $293,263.96
151 $293,263.96 $1,247.03 $0.00 $1,658.16 $296,169.15
152 $296,169.15 $1,247.03 $0.00 $1,674.58 $299,090.76
153 $299,090.76 $1,247.03 $0.00 $1,691.10 $302,028.89
154 $302,028.89 $1,247.03 $0.00 $1,707.72 $304,983.64
155 $304,983.64 $1,247.03 $0.00 $1,724.42 $307,955.09
156 $307,955.09 $1,247.03 $0.00 $1,741.22 $310,943.34
157 $310,943.34 $1,247.03 $0.00 $1,758.12 $313,948.49
158 $313,948.49 $1,247.03 $0.00 $1,775.11 $316,970.63
159 $316,970.63 $1,247.03 $0.00 $1,792.20 $320,009.86
160 $320,009.86 $1,247.03 $0.00 $1,809.38 $323,066.27
161 $323,066.27 $1,247.03 $0.00 $1,826.66 $326,139.96
162 $326,139.96 $1,247.03 $0.00 $1,844.04 $329,231.03
163 $329,231.03 $1,247.03 $0.00 $1,861.52 $332,339.58
164 $332,339.58 $1,247.03 $0.00 $1,879.10 $335,465.71
165 $335,465.71 $1,247.03 $0.00 $1,896.77 $338,609.51
166 $338,609.51 $1,247.03 $0.00 $1,914.55 $341,771.09
167 $341,771.09 $1,247.03 $0.00 $1,932.42 $344,950.54
168 $344,950.54 $1,247.03 $0.00 $1,950.40 $348,147.97
169 $348,147.97 $1,247.03 $0.00 $1,968.48 $351,363.48
170 $351,363.48 $1,247.03 $0.00 $1,986.66 $354,597.17
171 $354,597.17 $1,247.03 $0.00 $2,004.94 $357,849.14
172 $357,849.14 $1,247.03 $0.00 $2,023.33 $361,119.50
173 $361,119.50 $1,247.03 $0.00 $2,041.82 $364,408.35
174 $364,408.35 $1,247.03 $0.00 $2,060.42 $367,715.80
175 $367,715.80 $1,247.03 $0.00 $2,079.12 $371,041.95
176 $371,041.95 $1,247.03 $0.00 $2,097.93 $374,386.91
177 $374,386.91 $1,247.03 $0.00 $2,116.84 $377,750.78
178 $377,750.78 $1,247.03 $0.00 $2,135.86 $381,133.67
179 $381,133.67 $1,247.03 $0.00 $2,154.99 $384,535.69
180 $384,535.69 $1,247.03 $0.00 $2,174.22 $387,956.94
181 $387,956.94 $1,247.03 $0.00 $2,193.56 $391,397.53
182 $391,397.53 $1,247.03 $0.00 $2,213.02 $394,857.58
183 $394,857.58 $1,247.03 $0.00 $2,232.58 $398,337.19
184 $398,337.19 $1,247.03 $0.00 $2,252.26 $401,836.48
185 $401,836.48 $1,247.03 $0.00 $2,272.04 $405,355.55
186 $405,355.55 $1,247.03 $0.00 $2,291.94 $408,894.52
187 $408,894.52 $1,247.03 $0.00 $2,311.95 $412,453.50
188 $412,453.50 $1,247.03 $0.00 $2,332.07 $416,032.60
189 $416,032.60 $1,247.03 $0.00 $2,352.31 $419,631.94
190 $419,631.94 $1,247.03 $0.00 $2,372.66 $423,251.63
191 $423,251.63 $1,247.03 $0.00 $2,393.13 $426,891.79
192 $426,891.79 $1,247.03 $0.00 $2,413.71 $430,552.53
193 $430,552.53 $1,247.03 $0.00 $2,434.41 $434,233.97
194 $434,233.97 $1,247.03 $0.00 $2,455.22 $437,936.22
195 $437,936.22 $1,247.03 $0.00 $2,476.16 $441,659.41
196 $441,659.41 $1,247.03 $0.00 $2,497.21 $445,403.65
197 $445,403.65 $1,247.03 $0.00 $2,518.38 $449,169.06
198 $449,169.06 $1,247.03 $0.00 $2,539.67 $452,955.76
199 $452,955.76 $1,247.03 $0.00 $2,561.08 $456,763.87
200 $456,763.87 $1,247.03 $0.00 $2,582.61 $460,593.51
201 $460,593.51 $1,247.03 $0.00 $2,604.26 $464,444.80
202 $464,444.80 $1,247.03 $0.00 $2,626.04 $468,317.87
203 $468,317.87 $1,247.03 $0.00 $2,647.94 $472,212.84
204 $472,212.84 $1,247.03 $0.00 $2,669.96 $476,129.83
205 $476,129.83 $1,247.03 $0.00 $2,692.11 $480,068.97
206 $480,068.97 $1,247.03 $0.00 $2,714.38 $484,030.38
207 $484,030.38 $1,247.03 $0.00 $2,736.78 $488,014.19
208 $488,014.19 $1,247.03 $0.00 $2,759.30 $492,020.52
209 $492,020.52 $1,247.03 $0.00 $2,781.96 $496,049.51
210 $496,049.51 $1,247.03 $0.00 $2,804.74 $500,101.28
211 $500,101.28 $1,247.03 $0.00 $2,827.65 $504,175.96
212 $504,175.96 $1,247.03 $0.00 $2,850.68 $508,273.67
213 $508,273.67 $1,247.03 $0.00 $2,873.85 $512,394.55
214 $512,394.55 $1,247.03 $0.00 $2,897.15 $516,538.73
215 $516,538.73 $1,247.03 $0.00 $2,920.59 $520,706.35
216 $520,706.35 $1,247.03 $0.00 $2,944.15 $524,897.53
217 $524,897.53 $1,247.03 $146,202.12 $2,967.85 $382,910.29
218 $382,910.29 $1,247.03 $0.00 $2,165.03 $386,322.35
219 $386,322.35 $1,247.03 $0.00 $2,184.32 $389,753.70
220 $389,753.70 $1,247.03 $0.00 $2,203.72 $393,204.45
221 $393,204.45 $1,247.03 $0.00 $2,223.24 $396,674.72
222 $396,674.72 $1,247.03 $0.00 $2,242.86 $400,164.61
223 $400,164.61 $1,247.03 $0.00 $2,262.59 $403,674.23
224 $403,674.23 $1,247.03 $0.00 $2,282.43 $407,203.69
225 $407,203.69 $1,247.03 $0.00 $2,302.39 $410,753.11
226 $410,753.11 $1,247.03 $0.00 $2,322.46 $414,322.60
227 $414,322.60 $1,247.03 $0.00 $2,342.64 $417,912.27
228 $417,912.27 $1,247.03 $0.00 $2,362.94 $421,522.24
229 $421,522.24 $1,247.03 $153,512.22 $2,383.35 $271,640.40
230 $271,640.40 $1,247.03 $0.00 $1,535.89 $274,423.32
231 $274,423.32 $1,247.03 $0.00 $1,551.63 $277,221.98
232 $277,221.98 $1,247.03 $0.00 $1,567.45 $280,036.46
233 $280,036.46 $1,247.03 $0.00 $1,583.37 $282,866.86
234 $282,866.86 $1,247.03 $0.00 $1,599.37 $285,713.26
235 $285,713.26 $1,247.03 $0.00 $1,615.46 $288,575.75
236 $288,575.75 $1,247.03 $0.00 $1,631.65 $291,454.43
237 $291,454.43 $1,247.03 $0.00 $1,647.93 $294,349.39
238 $294,349.39 $1,247.03 $0.00 $1,664.29 $297,260.71
239 $297,260.71 $1,247.03 $0.00 $1,680.76 $300,188.50
240 $300,188.50 $1,247.03 $0.00 $1,697.31 $303,132.84
241 $303,132.84 $1,247.03 $161,187.84 $1,713.96 $144,905.99
242 $144,905.99 $1,247.03 $0.00 $819.32 $146,972.34
243 $146,972.34 $1,247.03 $0.00 $831.00 $149,050.37
244 $149,050.37 $1,247.03 $0.00 $842.75 $151,140.15
245 $151,140.15 $1,247.03 $0.00 $854.57 $153,241.75
246 $153,241.75 $1,247.03 $0.00 $866.45 $155,355.23
247 $155,355.23 $1,247.03 $0.00 $878.40 $157,480.66
248 $157,480.66 $1,247.03 $0.00 $890.42 $159,618.11
249 $159,618.11 $1,247.03 $0.00 $902.50 $161,767.64
250 $161,767.64 $1,247.03 $0.00 $914.66 $163,929.33
251 $163,929.33 $1,247.03 $0.00 $926.88 $166,103.24
252 $166,103.24 $1,247.03 $0.00 $939.17 $168,289.44
253 $168,289.44 $0.00 $169,247.23 $951.53 ($6.26)