Savings Plan and Future Cost Estimation for Point University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$87,780
Monthly savings required$695

How much will it cost to send your child to Point University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $351,120.29 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $694.86 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$33,850.00
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 $694.86 $0.00 $0.00 $694.86
2 $694.86 $694.86 $0.00 $3.93 $1,393.65
3 $1,393.65 $694.86 $0.00 $7.88 $2,096.39
4 $2,096.39 $694.86 $0.00 $11.85 $2,803.10
5 $2,803.10 $694.86 $0.00 $15.85 $3,513.81
6 $3,513.81 $694.86 $0.00 $19.87 $4,228.54
7 $4,228.54 $694.86 $0.00 $23.91 $4,947.31
8 $4,947.31 $694.86 $0.00 $27.97 $5,670.14
9 $5,670.14 $694.86 $0.00 $32.06 $6,397.06
10 $6,397.06 $694.86 $0.00 $36.17 $7,128.09
11 $7,128.09 $694.86 $0.00 $40.30 $7,863.25
12 $7,863.25 $694.86 $0.00 $44.46 $8,602.57
13 $8,602.57 $694.86 $0.00 $48.64 $9,346.07
14 $9,346.07 $694.86 $0.00 $52.84 $10,093.77
15 $10,093.77 $694.86 $0.00 $57.07 $10,845.70
16 $10,845.70 $694.86 $0.00 $61.32 $11,601.88
17 $11,601.88 $694.86 $0.00 $65.60 $12,362.34
18 $12,362.34 $694.86 $0.00 $69.90 $13,127.10
19 $13,127.10 $694.86 $0.00 $74.22 $13,896.18
20 $13,896.18 $694.86 $0.00 $78.57 $14,669.61
21 $14,669.61 $694.86 $0.00 $82.94 $15,447.41
22 $15,447.41 $694.86 $0.00 $87.34 $16,229.61
23 $16,229.61 $694.86 $0.00 $91.76 $17,016.23
24 $17,016.23 $694.86 $0.00 $96.21 $17,807.30
25 $17,807.30 $694.86 $0.00 $100.69 $18,602.85
26 $18,602.85 $694.86 $0.00 $105.18 $19,402.89
27 $19,402.89 $694.86 $0.00 $109.71 $20,207.46
28 $20,207.46 $694.86 $0.00 $114.26 $21,016.58
29 $21,016.58 $694.86 $0.00 $118.83 $21,830.27
30 $21,830.27 $694.86 $0.00 $123.43 $22,648.56
31 $22,648.56 $694.86 $0.00 $128.06 $23,471.48
32 $23,471.48 $694.86 $0.00 $132.71 $24,299.05
33 $24,299.05 $694.86 $0.00 $137.39 $25,131.30
34 $25,131.30 $694.86 $0.00 $142.10 $25,968.26
35 $25,968.26 $694.86 $0.00 $146.83 $26,809.95
36 $26,809.95 $694.86 $0.00 $151.59 $27,656.40
37 $27,656.40 $694.86 $0.00 $156.37 $28,507.63
38 $28,507.63 $694.86 $0.00 $161.19 $29,363.68
39 $29,363.68 $694.86 $0.00 $166.03 $30,224.57
40 $30,224.57 $694.86 $0.00 $170.89 $31,090.32
41 $31,090.32 $694.86 $0.00 $175.79 $31,960.97
42 $31,960.97 $694.86 $0.00 $180.71 $32,836.54
43 $32,836.54 $694.86 $0.00 $185.66 $33,717.06
44 $33,717.06 $694.86 $0.00 $190.64 $34,602.56
45 $34,602.56 $694.86 $0.00 $195.65 $35,493.07
46 $35,493.07 $694.86 $0.00 $200.68 $36,388.61
47 $36,388.61 $694.86 $0.00 $205.75 $37,289.22
48 $37,289.22 $694.86 $0.00 $210.84 $38,194.92
49 $38,194.92 $694.86 $0.00 $215.96 $39,105.74
50 $39,105.74 $694.86 $0.00 $221.11 $40,021.71
51 $40,021.71 $694.86 $0.00 $226.29 $40,942.86
52 $40,942.86 $694.86 $0.00 $231.50 $41,869.22
53 $41,869.22 $694.86 $0.00 $236.73 $42,800.81
54 $42,800.81 $694.86 $0.00 $242.00 $43,737.67
55 $43,737.67 $694.86 $0.00 $247.30 $44,679.83
56 $44,679.83 $694.86 $0.00 $252.63 $45,627.32
57 $45,627.32 $694.86 $0.00 $257.98 $46,580.16
58 $46,580.16 $694.86 $0.00 $263.37 $47,538.39
59 $47,538.39 $694.86 $0.00 $268.79 $48,502.04
60 $48,502.04 $694.86 $0.00 $274.24 $49,471.14
61 $49,471.14 $694.86 $0.00 $279.72 $50,445.72
62 $50,445.72 $694.86 $0.00 $285.23 $51,425.81
63 $51,425.81 $694.86 $0.00 $290.77 $52,411.44
64 $52,411.44 $694.86 $0.00 $296.34 $53,402.64
65 $53,402.64 $694.86 $0.00 $301.95 $54,399.45
66 $54,399.45 $694.86 $0.00 $307.58 $55,401.89
67 $55,401.89 $694.86 $0.00 $313.25 $56,410.00
68 $56,410.00 $694.86 $0.00 $318.95 $57,423.81
69 $57,423.81 $694.86 $0.00 $324.68 $58,443.35
70 $58,443.35 $694.86 $0.00 $330.45 $59,468.66
71 $59,468.66 $694.86 $0.00 $336.24 $60,499.76
72 $60,499.76 $694.86 $0.00 $342.07 $61,536.69
73 $61,536.69 $694.86 $0.00 $347.94 $62,579.49
74 $62,579.49 $694.86 $0.00 $353.83 $63,628.18
75 $63,628.18 $694.86 $0.00 $359.76 $64,682.80
76 $64,682.80 $694.86 $0.00 $365.73 $65,743.39
77 $65,743.39 $694.86 $0.00 $371.72 $66,809.97
78 $66,809.97 $694.86 $0.00 $377.75 $67,882.58
79 $67,882.58 $694.86 $0.00 $383.82 $68,961.26
80 $68,961.26 $694.86 $0.00 $389.92 $70,046.04
81 $70,046.04 $694.86 $0.00 $396.05 $71,136.95
82 $71,136.95 $694.86 $0.00 $402.22 $72,234.03
83 $72,234.03 $694.86 $0.00 $408.42 $73,337.31
84 $73,337.31 $694.86 $0.00 $414.66 $74,446.83
85 $74,446.83 $694.86 $0.00 $420.93 $75,562.62
86 $75,562.62 $694.86 $0.00 $427.24 $76,684.72
87 $76,684.72 $694.86 $0.00 $433.59 $77,813.17
88 $77,813.17 $694.86 $0.00 $439.97 $78,948.00
89 $78,948.00 $694.86 $0.00 $446.38 $80,089.24
90 $80,089.24 $694.86 $0.00 $452.84 $81,236.94
91 $81,236.94 $694.86 $0.00 $459.33 $82,391.13
92 $82,391.13 $694.86 $0.00 $465.85 $83,551.84
93 $83,551.84 $694.86 $0.00 $472.41 $84,719.11
94 $84,719.11 $694.86 $0.00 $479.01 $85,892.98
95 $85,892.98 $694.86 $0.00 $485.65 $87,073.49
96 $87,073.49 $694.86 $0.00 $492.33 $88,260.68
97 $88,260.68 $694.86 $0.00 $499.04 $89,454.58
98 $89,454.58 $694.86 $0.00 $505.79 $90,655.23
99 $90,655.23 $694.86 $0.00 $512.58 $91,862.67
100 $91,862.67 $694.86 $0.00 $519.40 $93,076.93
101 $93,076.93 $694.86 $0.00 $526.27 $94,298.06
102 $94,298.06 $694.86 $0.00 $533.17 $95,526.09
103 $95,526.09 $694.86 $0.00 $540.12 $96,761.07
104 $96,761.07 $694.86 $0.00 $547.10 $98,003.03
105 $98,003.03 $694.86 $0.00 $554.12 $99,252.01
106 $99,252.01 $694.86 $0.00 $561.19 $100,508.06
107 $100,508.06 $694.86 $0.00 $568.29 $101,771.21
108 $101,771.21 $694.86 $0.00 $575.43 $103,041.50
109 $103,041.50 $694.86 $0.00 $582.61 $104,318.97
110 $104,318.97 $694.86 $0.00 $589.83 $105,603.66
111 $105,603.66 $694.86 $0.00 $597.10 $106,895.62
112 $106,895.62 $694.86 $0.00 $604.40 $108,194.88
113 $108,194.88 $694.86 $0.00 $611.75 $109,501.49
114 $109,501.49 $694.86 $0.00 $619.14 $110,815.49
115 $110,815.49 $694.86 $0.00 $626.57 $112,136.92
116 $112,136.92 $694.86 $0.00 $634.04 $113,465.82
117 $113,465.82 $694.86 $0.00 $641.55 $114,802.23
118 $114,802.23 $694.86 $0.00 $649.11 $116,146.20
119 $116,146.20 $694.86 $0.00 $656.71 $117,497.77
120 $117,497.77 $694.86 $0.00 $664.35 $118,856.98
121 $118,856.98 $694.86 $0.00 $672.03 $120,223.87
122 $120,223.87 $694.86 $0.00 $679.76 $121,598.49
123 $121,598.49 $694.86 $0.00 $687.54 $122,980.89
124 $122,980.89 $694.86 $0.00 $695.35 $124,371.10
125 $124,371.10 $694.86 $0.00 $703.21 $125,769.17
126 $125,769.17 $694.86 $0.00 $711.12 $127,175.15
127 $127,175.15 $694.86 $0.00 $719.07 $128,589.08
128 $128,589.08 $694.86 $0.00 $727.06 $130,011.00
129 $130,011.00 $694.86 $0.00 $735.10 $131,440.96
130 $131,440.96 $694.86 $0.00 $743.19 $132,879.01
131 $132,879.01 $694.86 $0.00 $751.32 $134,325.19
132 $134,325.19 $694.86 $0.00 $759.49 $135,779.54
133 $135,779.54 $694.86 $0.00 $767.72 $137,242.12
134 $137,242.12 $694.86 $0.00 $775.99 $138,712.97
135 $138,712.97 $694.86 $0.00 $784.30 $140,192.13
136 $140,192.13 $694.86 $0.00 $792.67 $141,679.66
137 $141,679.66 $694.86 $0.00 $801.08 $143,175.60
138 $143,175.60 $694.86 $0.00 $809.54 $144,680.00
139 $144,680.00 $694.86 $0.00 $818.04 $146,192.90
140 $146,192.90 $694.86 $0.00 $826.60 $147,714.36
141 $147,714.36 $694.86 $0.00 $835.20 $149,244.42
142 $149,244.42 $694.86 $0.00 $843.85 $150,783.13
143 $150,783.13 $694.86 $0.00 $852.55 $152,330.54
144 $152,330.54 $694.86 $0.00 $861.30 $153,886.70
145 $153,886.70 $694.86 $0.00 $870.10 $155,451.66
146 $155,451.66 $694.86 $0.00 $878.95 $157,025.47
147 $157,025.47 $694.86 $0.00 $887.84 $158,608.17
148 $158,608.17 $694.86 $0.00 $896.79 $160,199.82
149 $160,199.82 $694.86 $0.00 $905.79 $161,800.47
150 $161,800.47 $694.86 $0.00 $914.84 $163,410.17
151 $163,410.17 $694.86 $0.00 $923.94 $165,028.97
152 $165,028.97 $694.86 $0.00 $933.10 $166,656.93
153 $166,656.93 $694.86 $0.00 $942.30 $168,294.09
154 $168,294.09 $694.86 $0.00 $951.56 $169,940.51
155 $169,940.51 $694.86 $0.00 $960.87 $171,596.24
156 $171,596.24 $694.86 $0.00 $970.23 $173,261.33
157 $173,261.33 $694.86 $0.00 $979.64 $174,935.83
158 $174,935.83 $694.86 $0.00 $989.11 $176,619.80
159 $176,619.80 $694.86 $0.00 $998.63 $178,313.29
160 $178,313.29 $694.86 $0.00 $1,008.21 $180,016.36
161 $180,016.36 $694.86 $0.00 $1,017.84 $181,729.06
162 $181,729.06 $694.86 $0.00 $1,027.52 $183,451.44
163 $183,451.44 $694.86 $0.00 $1,037.26 $185,183.56
164 $185,183.56 $694.86 $0.00 $1,047.05 $186,925.47
165 $186,925.47 $694.86 $0.00 $1,056.90 $188,677.23
166 $188,677.23 $694.86 $0.00 $1,066.81 $190,438.90
167 $190,438.90 $694.86 $0.00 $1,076.77 $192,210.53
168 $192,210.53 $694.86 $0.00 $1,086.79 $193,992.18
169 $193,992.18 $694.86 $0.00 $1,096.86 $195,783.90
170 $195,783.90 $694.86 $0.00 $1,106.99 $197,585.75
171 $197,585.75 $694.86 $0.00 $1,117.18 $199,397.79
172 $199,397.79 $694.86 $0.00 $1,127.42 $201,220.07
173 $201,220.07 $694.86 $0.00 $1,137.73 $203,052.66
174 $203,052.66 $694.86 $0.00 $1,148.09 $204,895.61
175 $204,895.61 $694.86 $0.00 $1,158.51 $206,748.98
176 $206,748.98 $694.86 $0.00 $1,168.99 $208,612.83
177 $208,612.83 $694.86 $0.00 $1,179.53 $210,487.22
178 $210,487.22 $694.86 $0.00 $1,190.13 $212,372.21
179 $212,372.21 $694.86 $0.00 $1,200.78 $214,267.85
180 $214,267.85 $694.86 $0.00 $1,211.50 $216,174.21
181 $216,174.21 $694.86 $0.00 $1,222.28 $218,091.35
182 $218,091.35 $694.86 $0.00 $1,233.12 $220,019.33
183 $220,019.33 $694.86 $0.00 $1,244.02 $221,958.21
184 $221,958.21 $694.86 $0.00 $1,254.98 $223,908.05
185 $223,908.05 $694.86 $0.00 $1,266.01 $225,868.92
186 $225,868.92 $694.86 $0.00 $1,277.10 $227,840.88
187 $227,840.88 $694.86 $0.00 $1,288.25 $229,823.99
188 $229,823.99 $694.86 $0.00 $1,299.46 $231,818.31
189 $231,818.31 $694.86 $0.00 $1,310.73 $233,823.90
190 $233,823.90 $694.86 $0.00 $1,322.07 $235,840.83
191 $235,840.83 $694.86 $0.00 $1,333.48 $237,869.17
192 $237,869.17 $694.86 $0.00 $1,344.95 $239,908.98
193 $239,908.98 $694.86 $0.00 $1,356.48 $241,960.32
194 $241,960.32 $694.86 $0.00 $1,368.08 $244,023.26
195 $244,023.26 $694.86 $0.00 $1,379.74 $246,097.86
196 $246,097.86 $694.86 $0.00 $1,391.47 $248,184.19
197 $248,184.19 $694.86 $0.00 $1,403.27 $250,282.32
198 $250,282.32 $694.86 $0.00 $1,415.13 $252,392.31
199 $252,392.31 $694.86 $0.00 $1,427.06 $254,514.23
200 $254,514.23 $694.86 $0.00 $1,439.06 $256,648.15
201 $256,648.15 $694.86 $0.00 $1,451.13 $258,794.14
202 $258,794.14 $694.86 $0.00 $1,463.26 $260,952.26
203 $260,952.26 $694.86 $0.00 $1,475.46 $263,122.58
204 $263,122.58 $694.86 $0.00 $1,487.73 $265,305.17
205 $265,305.17 $694.86 $0.00 $1,500.07 $267,500.10
206 $267,500.10 $694.86 $0.00 $1,512.48 $269,707.44
207 $269,707.44 $694.86 $0.00 $1,524.97 $271,927.27
208 $271,927.27 $694.86 $0.00 $1,537.52 $274,159.65
209 $274,159.65 $694.86 $0.00 $1,550.14 $276,404.65
210 $276,404.65 $694.86 $0.00 $1,562.83 $278,662.34
211 $278,662.34 $694.86 $0.00 $1,575.60 $280,932.80
212 $280,932.80 $694.86 $0.00 $1,588.43 $283,216.09
213 $283,216.09 $694.86 $0.00 $1,601.34 $285,512.29
214 $285,512.29 $694.86 $0.00 $1,614.33 $287,821.48
215 $287,821.48 $694.86 $0.00 $1,627.38 $290,143.72
216 $290,143.72 $694.86 $0.00 $1,640.51 $292,479.09
217 $292,479.09 $694.86 $81,464.06 $1,653.72 $213,363.61
218 $213,363.61 $694.86 $0.00 $1,206.39 $215,264.86
219 $215,264.86 $694.86 $0.00 $1,217.14 $217,176.86
220 $217,176.86 $694.86 $0.00 $1,227.95 $219,099.67
221 $219,099.67 $694.86 $0.00 $1,238.82 $221,033.35
222 $221,033.35 $694.86 $0.00 $1,249.75 $222,977.96
223 $222,977.96 $694.86 $0.00 $1,260.75 $224,933.57
224 $224,933.57 $694.86 $0.00 $1,271.81 $226,900.24
225 $226,900.24 $694.86 $0.00 $1,282.93 $228,878.03
226 $228,878.03 $694.86 $0.00 $1,294.11 $230,867.00
227 $230,867.00 $694.86 $0.00 $1,305.36 $232,867.22
228 $232,867.22 $694.86 $0.00 $1,316.67 $234,878.75
229 $234,878.75 $694.86 $85,537.26 $1,328.04 $151,364.39
230 $151,364.39 $694.86 $0.00 $855.84 $152,915.09
231 $152,915.09 $694.86 $0.00 $864.60 $154,474.55
232 $154,474.55 $694.86 $0.00 $873.42 $156,042.83
233 $156,042.83 $694.86 $0.00 $882.29 $157,619.98
234 $157,619.98 $694.86 $0.00 $891.21 $159,206.05
235 $159,206.05 $694.86 $0.00 $900.17 $160,801.08
236 $160,801.08 $694.86 $0.00 $909.19 $162,405.13
237 $162,405.13 $694.86 $0.00 $918.26 $164,018.25
238 $164,018.25 $694.86 $0.00 $927.38 $165,640.49
239 $165,640.49 $694.86 $0.00 $936.56 $167,271.91
240 $167,271.91 $694.86 $0.00 $945.78 $168,912.55
241 $168,912.55 $694.86 $89,814.13 $955.06 $80,748.34
242 $80,748.34 $694.86 $0.00 $456.56 $81,899.76
243 $81,899.76 $694.86 $0.00 $463.07 $83,057.69
244 $83,057.69 $694.86 $0.00 $469.62 $84,222.17
245 $84,222.17 $694.86 $0.00 $476.20 $85,393.23
246 $85,393.23 $694.86 $0.00 $482.83 $86,570.92
247 $86,570.92 $694.86 $0.00 $489.48 $87,755.26
248 $87,755.26 $694.86 $0.00 $496.18 $88,946.30
249 $88,946.30 $694.86 $0.00 $502.92 $90,144.08
250 $90,144.08 $694.86 $0.00 $509.69 $91,348.63
251 $91,348.63 $694.86 $0.00 $516.50 $92,559.99
252 $92,559.99 $694.86 $0.00 $523.35 $93,778.20
253 $93,778.20 $0.00 $94,304.83 $530.24 $3.61