Savings Plan and Future Cost Estimation for Stetson University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$176,960
Monthly savings required$1,401

How much will it cost to send your child to Stetson University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $707,841.90 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,400.79 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$68,240.00
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 $1,400.79 $0.00 $0.00 $1,400.79
2 $1,400.79 $1,400.79 $0.00 $7.92 $2,809.50
3 $2,809.50 $1,400.79 $0.00 $15.89 $4,226.18
4 $4,226.18 $1,400.79 $0.00 $23.90 $5,650.87
5 $5,650.87 $1,400.79 $0.00 $31.95 $7,083.61
6 $7,083.61 $1,400.79 $0.00 $40.05 $8,524.45
7 $8,524.45 $1,400.79 $0.00 $48.20 $9,973.44
8 $9,973.44 $1,400.79 $0.00 $56.39 $11,430.62
9 $11,430.62 $1,400.79 $0.00 $64.63 $12,896.04
10 $12,896.04 $1,400.79 $0.00 $72.92 $14,369.75
11 $14,369.75 $1,400.79 $0.00 $81.25 $15,851.79
12 $15,851.79 $1,400.79 $0.00 $89.63 $17,342.21
13 $17,342.21 $1,400.79 $0.00 $98.06 $18,841.06
14 $18,841.06 $1,400.79 $0.00 $106.53 $20,348.38
15 $20,348.38 $1,400.79 $0.00 $115.05 $21,864.22
16 $21,864.22 $1,400.79 $0.00 $123.62 $23,388.63
17 $23,388.63 $1,400.79 $0.00 $132.24 $24,921.66
18 $24,921.66 $1,400.79 $0.00 $140.91 $26,463.36
19 $26,463.36 $1,400.79 $0.00 $149.63 $28,013.78
20 $28,013.78 $1,400.79 $0.00 $158.39 $29,572.96
21 $29,572.96 $1,400.79 $0.00 $167.21 $31,140.96
22 $31,140.96 $1,400.79 $0.00 $176.08 $32,717.83
23 $32,717.83 $1,400.79 $0.00 $184.99 $34,303.61
24 $34,303.61 $1,400.79 $0.00 $193.96 $35,898.36
25 $35,898.36 $1,400.79 $0.00 $202.97 $37,502.12
26 $37,502.12 $1,400.79 $0.00 $212.04 $39,114.95
27 $39,114.95 $1,400.79 $0.00 $221.16 $40,736.90
28 $40,736.90 $1,400.79 $0.00 $230.33 $42,368.02
29 $42,368.02 $1,400.79 $0.00 $239.55 $44,008.36
30 $44,008.36 $1,400.79 $0.00 $248.83 $45,657.98
31 $45,657.98 $1,400.79 $0.00 $258.16 $47,316.93
32 $47,316.93 $1,400.79 $0.00 $267.54 $48,985.26
33 $48,985.26 $1,400.79 $0.00 $276.97 $50,663.02
34 $50,663.02 $1,400.79 $0.00 $286.46 $52,350.27
35 $52,350.27 $1,400.79 $0.00 $296.00 $54,047.06
36 $54,047.06 $1,400.79 $0.00 $305.59 $55,753.44
37 $55,753.44 $1,400.79 $0.00 $315.24 $57,469.47
38 $57,469.47 $1,400.79 $0.00 $324.94 $59,195.20
39 $59,195.20 $1,400.79 $0.00 $334.70 $60,930.69
40 $60,930.69 $1,400.79 $0.00 $344.51 $62,675.99
41 $62,675.99 $1,400.79 $0.00 $354.38 $64,431.16
42 $64,431.16 $1,400.79 $0.00 $364.30 $66,196.25
43 $66,196.25 $1,400.79 $0.00 $374.28 $67,971.32
44 $67,971.32 $1,400.79 $0.00 $384.32 $69,756.43
45 $69,756.43 $1,400.79 $0.00 $394.41 $71,551.63
46 $71,551.63 $1,400.79 $0.00 $404.56 $73,356.98
47 $73,356.98 $1,400.79 $0.00 $414.77 $75,172.54
48 $75,172.54 $1,400.79 $0.00 $425.04 $76,998.37
49 $76,998.37 $1,400.79 $0.00 $435.36 $78,834.52
50 $78,834.52 $1,400.79 $0.00 $445.74 $80,681.05
51 $80,681.05 $1,400.79 $0.00 $456.18 $82,538.02
52 $82,538.02 $1,400.79 $0.00 $466.68 $84,405.49
53 $84,405.49 $1,400.79 $0.00 $477.24 $86,283.52
54 $86,283.52 $1,400.79 $0.00 $487.86 $88,172.17
55 $88,172.17 $1,400.79 $0.00 $498.54 $90,071.50
56 $90,071.50 $1,400.79 $0.00 $509.28 $91,981.57
57 $91,981.57 $1,400.79 $0.00 $520.08 $93,902.44
58 $93,902.44 $1,400.79 $0.00 $530.94 $95,834.17
59 $95,834.17 $1,400.79 $0.00 $541.86 $97,776.82
60 $97,776.82 $1,400.79 $0.00 $552.84 $99,730.45
61 $99,730.45 $1,400.79 $0.00 $563.89 $101,695.13
62 $101,695.13 $1,400.79 $0.00 $575.00 $103,670.92
63 $103,670.92 $1,400.79 $0.00 $586.17 $105,657.88
64 $105,657.88 $1,400.79 $0.00 $597.41 $107,656.08
65 $107,656.08 $1,400.79 $0.00 $608.70 $109,665.57
66 $109,665.57 $1,400.79 $0.00 $620.07 $111,686.43
67 $111,686.43 $1,400.79 $0.00 $631.49 $113,718.71
68 $113,718.71 $1,400.79 $0.00 $642.98 $115,762.48
69 $115,762.48 $1,400.79 $0.00 $654.54 $117,817.81
70 $117,817.81 $1,400.79 $0.00 $666.16 $119,884.76
71 $119,884.76 $1,400.79 $0.00 $677.85 $121,963.40
72 $121,963.40 $1,400.79 $0.00 $689.60 $124,053.79
73 $124,053.79 $1,400.79 $0.00 $701.42 $126,156.00
74 $126,156.00 $1,400.79 $0.00 $713.30 $128,270.09
75 $128,270.09 $1,400.79 $0.00 $725.26 $130,396.14
76 $130,396.14 $1,400.79 $0.00 $737.28 $132,534.21
77 $132,534.21 $1,400.79 $0.00 $749.37 $134,684.37
78 $134,684.37 $1,400.79 $0.00 $761.53 $136,846.69
79 $136,846.69 $1,400.79 $0.00 $773.75 $139,021.23
80 $139,021.23 $1,400.79 $0.00 $786.05 $141,208.07
81 $141,208.07 $1,400.79 $0.00 $798.41 $143,407.27
82 $143,407.27 $1,400.79 $0.00 $810.85 $145,618.91
83 $145,618.91 $1,400.79 $0.00 $823.35 $147,843.05
84 $147,843.05 $1,400.79 $0.00 $835.93 $150,079.77
85 $150,079.77 $1,400.79 $0.00 $848.57 $152,329.13
86 $152,329.13 $1,400.79 $0.00 $861.29 $154,591.21
87 $154,591.21 $1,400.79 $0.00 $874.08 $156,866.08
88 $156,866.08 $1,400.79 $0.00 $886.94 $159,153.81
89 $159,153.81 $1,400.79 $0.00 $899.88 $161,454.48
90 $161,454.48 $1,400.79 $0.00 $912.89 $163,768.16
91 $163,768.16 $1,400.79 $0.00 $925.97 $166,094.92
92 $166,094.92 $1,400.79 $0.00 $939.12 $168,434.83
93 $168,434.83 $1,400.79 $0.00 $952.36 $170,787.98
94 $170,787.98 $1,400.79 $0.00 $965.66 $173,154.43
95 $173,154.43 $1,400.79 $0.00 $979.04 $175,534.26
96 $175,534.26 $1,400.79 $0.00 $992.50 $177,927.55
97 $177,927.55 $1,400.79 $0.00 $1,006.03 $180,334.37
98 $180,334.37 $1,400.79 $0.00 $1,019.64 $182,754.80
99 $182,754.80 $1,400.79 $0.00 $1,033.32 $185,188.91
100 $185,188.91 $1,400.79 $0.00 $1,047.09 $187,636.79
101 $187,636.79 $1,400.79 $0.00 $1,060.93 $190,098.51
102 $190,098.51 $1,400.79 $0.00 $1,074.84 $192,574.14
103 $192,574.14 $1,400.79 $0.00 $1,088.84 $195,063.77
104 $195,063.77 $1,400.79 $0.00 $1,102.92 $197,567.48
105 $197,567.48 $1,400.79 $0.00 $1,117.08 $200,085.35
106 $200,085.35 $1,400.79 $0.00 $1,131.31 $202,617.45
107 $202,617.45 $1,400.79 $0.00 $1,145.63 $205,163.87
108 $205,163.87 $1,400.79 $0.00 $1,160.03 $207,724.69
109 $207,724.69 $1,400.79 $0.00 $1,174.51 $210,299.99
110 $210,299.99 $1,400.79 $0.00 $1,189.07 $212,889.85
111 $212,889.85 $1,400.79 $0.00 $1,203.71 $215,494.35
112 $215,494.35 $1,400.79 $0.00 $1,218.44 $218,113.58
113 $218,113.58 $1,400.79 $0.00 $1,233.25 $220,747.62
114 $220,747.62 $1,400.79 $0.00 $1,248.14 $223,396.55
115 $223,396.55 $1,400.79 $0.00 $1,263.12 $226,060.46
116 $226,060.46 $1,400.79 $0.00 $1,278.18 $228,739.43
117 $228,739.43 $1,400.79 $0.00 $1,293.33 $231,433.55
118 $231,433.55 $1,400.79 $0.00 $1,308.56 $234,142.90
119 $234,142.90 $1,400.79 $0.00 $1,323.88 $236,867.57
120 $236,867.57 $1,400.79 $0.00 $1,339.28 $239,607.64
121 $239,607.64 $1,400.79 $0.00 $1,354.78 $242,363.21
122 $242,363.21 $1,400.79 $0.00 $1,370.36 $245,134.36
123 $245,134.36 $1,400.79 $0.00 $1,386.03 $247,921.18
124 $247,921.18 $1,400.79 $0.00 $1,401.78 $250,723.75
125 $250,723.75 $1,400.79 $0.00 $1,417.63 $253,542.17
126 $253,542.17 $1,400.79 $0.00 $1,433.56 $256,376.52
127 $256,376.52 $1,400.79 $0.00 $1,449.59 $259,226.90
128 $259,226.90 $1,400.79 $0.00 $1,465.71 $262,093.40
129 $262,093.40 $1,400.79 $0.00 $1,481.91 $264,976.10
130 $264,976.10 $1,400.79 $0.00 $1,498.21 $267,875.10
131 $267,875.10 $1,400.79 $0.00 $1,514.60 $270,790.49
132 $270,790.49 $1,400.79 $0.00 $1,531.09 $273,722.37
133 $273,722.37 $1,400.79 $0.00 $1,547.67 $276,670.83
134 $276,670.83 $1,400.79 $0.00 $1,564.34 $279,635.96
135 $279,635.96 $1,400.79 $0.00 $1,581.10 $282,617.85
136 $282,617.85 $1,400.79 $0.00 $1,597.96 $285,616.60
137 $285,616.60 $1,400.79 $0.00 $1,614.92 $288,632.31
138 $288,632.31 $1,400.79 $0.00 $1,631.97 $291,665.07
139 $291,665.07 $1,400.79 $0.00 $1,649.12 $294,714.98
140 $294,714.98 $1,400.79 $0.00 $1,666.36 $297,782.13
141 $297,782.13 $1,400.79 $0.00 $1,683.70 $300,866.62
142 $300,866.62 $1,400.79 $0.00 $1,701.14 $303,968.55
143 $303,968.55 $1,400.79 $0.00 $1,718.68 $307,088.02
144 $307,088.02 $1,400.79 $0.00 $1,736.32 $310,225.13
145 $310,225.13 $1,400.79 $0.00 $1,754.06 $313,379.98
146 $313,379.98 $1,400.79 $0.00 $1,771.90 $316,552.67
147 $316,552.67 $1,400.79 $0.00 $1,789.83 $319,743.29
148 $319,743.29 $1,400.79 $0.00 $1,807.88 $322,951.96
149 $322,951.96 $1,400.79 $0.00 $1,826.02 $326,178.77
150 $326,178.77 $1,400.79 $0.00 $1,844.26 $329,423.82
151 $329,423.82 $1,400.79 $0.00 $1,862.61 $332,687.22
152 $332,687.22 $1,400.79 $0.00 $1,881.06 $335,969.07
153 $335,969.07 $1,400.79 $0.00 $1,899.62 $339,269.48
154 $339,269.48 $1,400.79 $0.00 $1,918.28 $342,588.55
155 $342,588.55 $1,400.79 $0.00 $1,937.05 $345,926.39
156 $345,926.39 $1,400.79 $0.00 $1,955.92 $349,283.10
157 $349,283.10 $1,400.79 $0.00 $1,974.90 $352,658.79
158 $352,658.79 $1,400.79 $0.00 $1,993.98 $356,053.56
159 $356,053.56 $1,400.79 $0.00 $2,013.18 $359,467.53
160 $359,467.53 $1,400.79 $0.00 $2,032.48 $362,900.80
161 $362,900.80 $1,400.79 $0.00 $2,051.89 $366,353.48
162 $366,353.48 $1,400.79 $0.00 $2,071.42 $369,825.69
163 $369,825.69 $1,400.79 $0.00 $2,091.05 $373,317.53
164 $373,317.53 $1,400.79 $0.00 $2,110.79 $376,829.11
165 $376,829.11 $1,400.79 $0.00 $2,130.65 $380,360.55
166 $380,360.55 $1,400.79 $0.00 $2,150.61 $383,911.95
167 $383,911.95 $1,400.79 $0.00 $2,170.69 $387,483.43
168 $387,483.43 $1,400.79 $0.00 $2,190.89 $391,075.11
169 $391,075.11 $1,400.79 $0.00 $2,211.20 $394,687.10
170 $394,687.10 $1,400.79 $0.00 $2,231.62 $398,319.51
171 $398,319.51 $1,400.79 $0.00 $2,252.16 $401,972.46
172 $401,972.46 $1,400.79 $0.00 $2,272.81 $405,646.06
173 $405,646.06 $1,400.79 $0.00 $2,293.58 $409,340.43
174 $409,340.43 $1,400.79 $0.00 $2,314.47 $413,055.69
175 $413,055.69 $1,400.79 $0.00 $2,335.48 $416,791.96
176 $416,791.96 $1,400.79 $0.00 $2,356.60 $420,549.35
177 $420,549.35 $1,400.79 $0.00 $2,377.85 $424,327.99
178 $424,327.99 $1,400.79 $0.00 $2,399.21 $428,127.99
179 $428,127.99 $1,400.79 $0.00 $2,420.70 $431,949.48
180 $431,949.48 $1,400.79 $0.00 $2,442.31 $435,792.58
181 $435,792.58 $1,400.79 $0.00 $2,464.03 $439,657.40
182 $439,657.40 $1,400.79 $0.00 $2,485.89 $443,544.08
183 $443,544.08 $1,400.79 $0.00 $2,507.86 $447,452.73
184 $447,452.73 $1,400.79 $0.00 $2,529.96 $451,383.48
185 $451,383.48 $1,400.79 $0.00 $2,552.19 $455,336.46
186 $455,336.46 $1,400.79 $0.00 $2,574.54 $459,311.79
187 $459,311.79 $1,400.79 $0.00 $2,597.02 $463,309.60
188 $463,309.60 $1,400.79 $0.00 $2,619.62 $467,330.01
189 $467,330.01 $1,400.79 $0.00 $2,642.35 $471,373.15
190 $471,373.15 $1,400.79 $0.00 $2,665.21 $475,439.15
191 $475,439.15 $1,400.79 $0.00 $2,688.20 $479,528.14
192 $479,528.14 $1,400.79 $0.00 $2,711.32 $483,640.25
193 $483,640.25 $1,400.79 $0.00 $2,734.57 $487,775.61
194 $487,775.61 $1,400.79 $0.00 $2,757.95 $491,934.35
195 $491,934.35 $1,400.79 $0.00 $2,781.47 $496,116.61
196 $496,116.61 $1,400.79 $0.00 $2,805.12 $500,322.52
197 $500,322.52 $1,400.79 $0.00 $2,828.90 $504,552.21
198 $504,552.21 $1,400.79 $0.00 $2,852.81 $508,805.81
199 $508,805.81 $1,400.79 $0.00 $2,876.86 $513,083.46
200 $513,083.46 $1,400.79 $0.00 $2,901.05 $517,385.30
201 $517,385.30 $1,400.79 $0.00 $2,925.37 $521,711.46
202 $521,711.46 $1,400.79 $0.00 $2,949.83 $526,062.08
203 $526,062.08 $1,400.79 $0.00 $2,974.43 $530,437.30
204 $530,437.30 $1,400.79 $0.00 $2,999.17 $534,837.26
205 $534,837.26 $1,400.79 $0.00 $3,024.05 $539,262.10
206 $539,262.10 $1,400.79 $0.00 $3,049.07 $543,711.96
207 $543,711.96 $1,400.79 $0.00 $3,074.23 $548,186.98
208 $548,186.98 $1,400.79 $0.00 $3,099.53 $552,687.30
209 $552,687.30 $1,400.79 $0.00 $3,124.97 $557,213.06
210 $557,213.06 $1,400.79 $0.00 $3,150.56 $561,764.41
211 $561,764.41 $1,400.79 $0.00 $3,176.30 $566,341.50
212 $566,341.50 $1,400.79 $0.00 $3,202.18 $570,944.47
213 $570,944.47 $1,400.79 $0.00 $3,228.20 $575,573.46
214 $575,573.46 $1,400.79 $0.00 $3,254.38 $580,228.63
215 $580,228.63 $1,400.79 $0.00 $3,280.70 $584,910.12
216 $584,910.12 $1,400.79 $0.00 $3,307.17 $589,618.08
217 $589,618.08 $1,400.79 $164,227.70 $3,333.79 $430,124.96
218 $430,124.96 $1,400.79 $0.00 $2,431.99 $433,957.74
219 $433,957.74 $1,400.79 $0.00 $2,453.66 $437,812.19
220 $437,812.19 $1,400.79 $0.00 $2,475.45 $441,688.43
221 $441,688.43 $1,400.79 $0.00 $2,497.37 $445,586.59
222 $445,586.59 $1,400.79 $0.00 $2,519.41 $449,506.79
223 $449,506.79 $1,400.79 $0.00 $2,541.58 $453,449.16
224 $453,449.16 $1,400.79 $0.00 $2,563.87 $457,413.82
225 $457,413.82 $1,400.79 $0.00 $2,586.28 $461,400.89
226 $461,400.89 $1,400.79 $0.00 $2,608.83 $465,410.51
227 $465,410.51 $1,400.79 $0.00 $2,631.50 $469,442.80
228 $469,442.80 $1,400.79 $0.00 $2,654.30 $473,497.89
229 $473,497.89 $1,400.79 $172,439.08 $2,677.23 $305,136.83
230 $305,136.83 $1,400.79 $0.00 $1,725.29 $308,262.91
231 $308,262.91 $1,400.79 $0.00 $1,742.96 $311,406.66
232 $311,406.66 $1,400.79 $0.00 $1,760.74 $314,568.19
233 $314,568.19 $1,400.79 $0.00 $1,778.61 $317,747.59
234 $317,747.59 $1,400.79 $0.00 $1,796.59 $320,944.97
235 $320,944.97 $1,400.79 $0.00 $1,814.67 $324,160.43
236 $324,160.43 $1,400.79 $0.00 $1,832.85 $327,394.07
237 $327,394.07 $1,400.79 $0.00 $1,851.13 $330,645.99
238 $330,645.99 $1,400.79 $0.00 $1,869.52 $333,916.30
239 $333,916.30 $1,400.79 $0.00 $1,888.01 $337,205.10
240 $337,205.10 $1,400.79 $0.00 $1,906.61 $340,512.50
241 $340,512.50 $1,400.79 $181,061.04 $1,925.31 $162,777.56
242 $162,777.56 $1,400.79 $0.00 $920.37 $165,098.72
243 $165,098.72 $1,400.79 $0.00 $933.49 $167,433.00
244 $167,433.00 $1,400.79 $0.00 $946.69 $169,780.48
245 $169,780.48 $1,400.79 $0.00 $959.96 $172,141.23
246 $172,141.23 $1,400.79 $0.00 $973.31 $174,515.33
247 $174,515.33 $1,400.79 $0.00 $986.74 $176,902.86
248 $176,902.86 $1,400.79 $0.00 $1,000.23 $179,303.88
249 $179,303.88 $1,400.79 $0.00 $1,013.81 $181,718.48
250 $181,718.48 $1,400.79 $0.00 $1,027.46 $184,146.73
251 $184,146.73 $1,400.79 $0.00 $1,041.19 $186,588.71
252 $186,588.71 $1,400.79 $0.00 $1,055.00 $189,044.50
253 $189,044.50 $0.00 $190,114.09 $1,068.89 ($0.70)