Savings Plan and Future Cost Estimation for Benedictine University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$129,676
Monthly savings required$1,026

How much will it cost to send your child to Benedictine University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $518,703.72 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,026.50 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$50,006.00
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 $1,026.50 $0.00 $0.00 $1,026.50
2 $1,026.50 $1,026.50 $0.00 $5.80 $2,058.80
3 $2,058.80 $1,026.50 $0.00 $11.64 $3,096.94
4 $3,096.94 $1,026.50 $0.00 $17.51 $4,140.95
5 $4,140.95 $1,026.50 $0.00 $23.41 $5,190.86
6 $5,190.86 $1,026.50 $0.00 $29.35 $6,246.71
7 $6,246.71 $1,026.50 $0.00 $35.32 $7,308.53
8 $7,308.53 $1,026.50 $0.00 $41.32 $8,376.35
9 $8,376.35 $1,026.50 $0.00 $47.36 $9,450.21
10 $9,450.21 $1,026.50 $0.00 $53.43 $10,530.14
11 $10,530.14 $1,026.50 $0.00 $59.54 $11,616.18
12 $11,616.18 $1,026.50 $0.00 $65.68 $12,708.36
13 $12,708.36 $1,026.50 $0.00 $71.85 $13,806.71
14 $13,806.71 $1,026.50 $0.00 $78.07 $14,911.28
15 $14,911.28 $1,026.50 $0.00 $84.31 $16,022.09
16 $16,022.09 $1,026.50 $0.00 $90.59 $17,139.18
17 $17,139.18 $1,026.50 $0.00 $96.91 $18,262.59
18 $18,262.59 $1,026.50 $0.00 $103.26 $19,392.35
19 $19,392.35 $1,026.50 $0.00 $109.65 $20,528.50
20 $20,528.50 $1,026.50 $0.00 $116.07 $21,671.07
21 $21,671.07 $1,026.50 $0.00 $122.53 $22,820.10
22 $22,820.10 $1,026.50 $0.00 $129.03 $23,975.63
23 $23,975.63 $1,026.50 $0.00 $135.56 $25,137.69
24 $25,137.69 $1,026.50 $0.00 $142.13 $26,306.32
25 $26,306.32 $1,026.50 $0.00 $148.74 $27,481.56
26 $27,481.56 $1,026.50 $0.00 $155.38 $28,663.44
27 $28,663.44 $1,026.50 $0.00 $162.07 $29,852.01
28 $29,852.01 $1,026.50 $0.00 $168.79 $31,047.30
29 $31,047.30 $1,026.50 $0.00 $175.55 $32,249.35
30 $32,249.35 $1,026.50 $0.00 $182.34 $33,458.19
31 $33,458.19 $1,026.50 $0.00 $189.18 $34,673.87
32 $34,673.87 $1,026.50 $0.00 $196.05 $35,896.42
33 $35,896.42 $1,026.50 $0.00 $202.96 $37,125.88
34 $37,125.88 $1,026.50 $0.00 $209.92 $38,362.30
35 $38,362.30 $1,026.50 $0.00 $216.91 $39,605.71
36 $39,605.71 $1,026.50 $0.00 $223.94 $40,856.15
37 $40,856.15 $1,026.50 $0.00 $231.01 $42,113.66
38 $42,113.66 $1,026.50 $0.00 $238.12 $43,378.28
39 $43,378.28 $1,026.50 $0.00 $245.27 $44,650.05
40 $44,650.05 $1,026.50 $0.00 $252.46 $45,929.01
41 $45,929.01 $1,026.50 $0.00 $259.69 $47,215.20
42 $47,215.20 $1,026.50 $0.00 $266.96 $48,508.66
43 $48,508.66 $1,026.50 $0.00 $274.28 $49,809.44
44 $49,809.44 $1,026.50 $0.00 $281.63 $51,117.57
45 $51,117.57 $1,026.50 $0.00 $289.03 $52,433.10
46 $52,433.10 $1,026.50 $0.00 $296.46 $53,756.06
47 $53,756.06 $1,026.50 $0.00 $303.94 $55,086.50
48 $55,086.50 $1,026.50 $0.00 $311.47 $56,424.47
49 $56,424.47 $1,026.50 $0.00 $319.03 $57,770.00
50 $57,770.00 $1,026.50 $0.00 $326.64 $59,123.14
51 $59,123.14 $1,026.50 $0.00 $334.29 $60,483.93
52 $60,483.93 $1,026.50 $0.00 $341.98 $61,852.41
53 $61,852.41 $1,026.50 $0.00 $349.72 $63,228.63
54 $63,228.63 $1,026.50 $0.00 $357.50 $64,612.63
55 $64,612.63 $1,026.50 $0.00 $365.33 $66,004.46
56 $66,004.46 $1,026.50 $0.00 $373.20 $67,404.16
57 $67,404.16 $1,026.50 $0.00 $381.11 $68,811.77
58 $68,811.77 $1,026.50 $0.00 $389.07 $70,227.34
59 $70,227.34 $1,026.50 $0.00 $397.08 $71,650.92
60 $71,650.92 $1,026.50 $0.00 $405.12 $73,082.54
61 $73,082.54 $1,026.50 $0.00 $413.22 $74,522.26
62 $74,522.26 $1,026.50 $0.00 $421.36 $75,970.12
63 $75,970.12 $1,026.50 $0.00 $429.55 $77,426.17
64 $77,426.17 $1,026.50 $0.00 $437.78 $78,890.45
65 $78,890.45 $1,026.50 $0.00 $446.06 $80,363.01
66 $80,363.01 $1,026.50 $0.00 $454.38 $81,843.89
67 $81,843.89 $1,026.50 $0.00 $462.76 $83,333.15
68 $83,333.15 $1,026.50 $0.00 $471.18 $84,830.83
69 $84,830.83 $1,026.50 $0.00 $479.65 $86,336.98
70 $86,336.98 $1,026.50 $0.00 $488.16 $87,851.64
71 $87,851.64 $1,026.50 $0.00 $496.73 $89,374.87
72 $89,374.87 $1,026.50 $0.00 $505.34 $90,906.71
73 $90,906.71 $1,026.50 $0.00 $514.00 $92,447.21
74 $92,447.21 $1,026.50 $0.00 $522.71 $93,996.42
75 $93,996.42 $1,026.50 $0.00 $531.47 $95,554.39
76 $95,554.39 $1,026.50 $0.00 $540.28 $97,121.17
77 $97,121.17 $1,026.50 $0.00 $549.14 $98,696.81
78 $98,696.81 $1,026.50 $0.00 $558.05 $100,281.36
79 $100,281.36 $1,026.50 $0.00 $567.01 $101,874.87
80 $101,874.87 $1,026.50 $0.00 $576.02 $103,477.39
81 $103,477.39 $1,026.50 $0.00 $585.08 $105,088.97
82 $105,088.97 $1,026.50 $0.00 $594.19 $106,709.66
83 $106,709.66 $1,026.50 $0.00 $603.35 $108,339.51
84 $108,339.51 $1,026.50 $0.00 $612.57 $109,978.58
85 $109,978.58 $1,026.50 $0.00 $621.83 $111,626.91
86 $111,626.91 $1,026.50 $0.00 $631.15 $113,284.56
87 $113,284.56 $1,026.50 $0.00 $640.53 $114,951.59
88 $114,951.59 $1,026.50 $0.00 $649.95 $116,628.04
89 $116,628.04 $1,026.50 $0.00 $659.43 $118,313.97
90 $118,313.97 $1,026.50 $0.00 $668.96 $120,009.43
91 $120,009.43 $1,026.50 $0.00 $678.55 $121,714.48
92 $121,714.48 $1,026.50 $0.00 $688.19 $123,429.17
93 $123,429.17 $1,026.50 $0.00 $697.89 $125,153.56
94 $125,153.56 $1,026.50 $0.00 $707.64 $126,887.70
95 $126,887.70 $1,026.50 $0.00 $717.44 $128,631.64
96 $128,631.64 $1,026.50 $0.00 $727.30 $130,385.44
97 $130,385.44 $1,026.50 $0.00 $737.22 $132,149.16
98 $132,149.16 $1,026.50 $0.00 $747.19 $133,922.85
99 $133,922.85 $1,026.50 $0.00 $757.22 $135,706.57
100 $135,706.57 $1,026.50 $0.00 $767.30 $137,500.37
101 $137,500.37 $1,026.50 $0.00 $777.45 $139,304.32
102 $139,304.32 $1,026.50 $0.00 $787.65 $141,118.47
103 $141,118.47 $1,026.50 $0.00 $797.90 $142,942.87
104 $142,942.87 $1,026.50 $0.00 $808.22 $144,777.59
105 $144,777.59 $1,026.50 $0.00 $818.59 $146,622.68
106 $146,622.68 $1,026.50 $0.00 $829.03 $148,478.21
107 $148,478.21 $1,026.50 $0.00 $839.52 $150,344.23
108 $150,344.23 $1,026.50 $0.00 $850.07 $152,220.80
109 $152,220.80 $1,026.50 $0.00 $860.68 $154,107.98
110 $154,107.98 $1,026.50 $0.00 $871.35 $156,005.83
111 $156,005.83 $1,026.50 $0.00 $882.08 $157,914.41
112 $157,914.41 $1,026.50 $0.00 $892.87 $159,833.78
113 $159,833.78 $1,026.50 $0.00 $903.72 $161,764.00
114 $161,764.00 $1,026.50 $0.00 $914.64 $163,705.14
115 $163,705.14 $1,026.50 $0.00 $925.61 $165,657.25
116 $165,657.25 $1,026.50 $0.00 $936.65 $167,620.40
117 $167,620.40 $1,026.50 $0.00 $947.75 $169,594.65
118 $169,594.65 $1,026.50 $0.00 $958.91 $171,580.06
119 $171,580.06 $1,026.50 $0.00 $970.14 $173,576.70
120 $173,576.70 $1,026.50 $0.00 $981.43 $175,584.63
121 $175,584.63 $1,026.50 $0.00 $992.78 $177,603.91
122 $177,603.91 $1,026.50 $0.00 $1,004.20 $179,634.61
123 $179,634.61 $1,026.50 $0.00 $1,015.68 $181,676.79
124 $181,676.79 $1,026.50 $0.00 $1,027.23 $183,730.52
125 $183,730.52 $1,026.50 $0.00 $1,038.84 $185,795.86
126 $185,795.86 $1,026.50 $0.00 $1,050.52 $187,872.88
127 $187,872.88 $1,026.50 $0.00 $1,062.26 $189,961.64
128 $189,961.64 $1,026.50 $0.00 $1,074.07 $192,062.21
129 $192,062.21 $1,026.50 $0.00 $1,085.95 $194,174.66
130 $194,174.66 $1,026.50 $0.00 $1,097.89 $196,299.05
131 $196,299.05 $1,026.50 $0.00 $1,109.90 $198,435.45
132 $198,435.45 $1,026.50 $0.00 $1,121.98 $200,583.93
133 $200,583.93 $1,026.50 $0.00 $1,134.13 $202,744.56
134 $202,744.56 $1,026.50 $0.00 $1,146.35 $204,917.41
135 $204,917.41 $1,026.50 $0.00 $1,158.63 $207,102.54
136 $207,102.54 $1,026.50 $0.00 $1,170.99 $209,300.03
137 $209,300.03 $1,026.50 $0.00 $1,183.41 $211,509.94
138 $211,509.94 $1,026.50 $0.00 $1,195.91 $213,732.35
139 $213,732.35 $1,026.50 $0.00 $1,208.47 $215,967.32
140 $215,967.32 $1,026.50 $0.00 $1,221.11 $218,214.93
141 $218,214.93 $1,026.50 $0.00 $1,233.82 $220,475.25
142 $220,475.25 $1,026.50 $0.00 $1,246.60 $222,748.35
143 $222,748.35 $1,026.50 $0.00 $1,259.45 $225,034.30
144 $225,034.30 $1,026.50 $0.00 $1,272.38 $227,333.18
145 $227,333.18 $1,026.50 $0.00 $1,285.37 $229,645.05
146 $229,645.05 $1,026.50 $0.00 $1,298.45 $231,970.00
147 $231,970.00 $1,026.50 $0.00 $1,311.59 $234,308.09
148 $234,308.09 $1,026.50 $0.00 $1,324.81 $236,659.40
149 $236,659.40 $1,026.50 $0.00 $1,338.11 $239,024.01
150 $239,024.01 $1,026.50 $0.00 $1,351.48 $241,401.99
151 $241,401.99 $1,026.50 $0.00 $1,364.92 $243,793.41
152 $243,793.41 $1,026.50 $0.00 $1,378.44 $246,198.35
153 $246,198.35 $1,026.50 $0.00 $1,392.04 $248,616.89
154 $248,616.89 $1,026.50 $0.00 $1,405.72 $251,049.11
155 $251,049.11 $1,026.50 $0.00 $1,419.47 $253,495.08
156 $253,495.08 $1,026.50 $0.00 $1,433.30 $255,954.88
157 $255,954.88 $1,026.50 $0.00 $1,447.21 $258,428.59
158 $258,428.59 $1,026.50 $0.00 $1,461.19 $260,916.28
159 $260,916.28 $1,026.50 $0.00 $1,475.26 $263,418.04
160 $263,418.04 $1,026.50 $0.00 $1,489.40 $265,933.94
161 $265,933.94 $1,026.50 $0.00 $1,503.63 $268,464.07
162 $268,464.07 $1,026.50 $0.00 $1,517.93 $271,008.50
163 $271,008.50 $1,026.50 $0.00 $1,532.32 $273,567.32
164 $273,567.32 $1,026.50 $0.00 $1,546.79 $276,140.61
165 $276,140.61 $1,026.50 $0.00 $1,561.34 $278,728.45
166 $278,728.45 $1,026.50 $0.00 $1,575.97 $281,330.92
167 $281,330.92 $1,026.50 $0.00 $1,590.69 $283,948.11
168 $283,948.11 $1,026.50 $0.00 $1,605.48 $286,580.09
169 $286,580.09 $1,026.50 $0.00 $1,620.37 $289,226.96
170 $289,226.96 $1,026.50 $0.00 $1,635.33 $291,888.79
171 $291,888.79 $1,026.50 $0.00 $1,650.38 $294,565.67
172 $294,565.67 $1,026.50 $0.00 $1,665.52 $297,257.69
173 $297,257.69 $1,026.50 $0.00 $1,680.74 $299,964.93
174 $299,964.93 $1,026.50 $0.00 $1,696.05 $302,687.48
175 $302,687.48 $1,026.50 $0.00 $1,711.44 $305,425.42
176 $305,425.42 $1,026.50 $0.00 $1,726.92 $308,178.84
177 $308,178.84 $1,026.50 $0.00 $1,742.49 $310,947.83
178 $310,947.83 $1,026.50 $0.00 $1,758.14 $313,732.47
179 $313,732.47 $1,026.50 $0.00 $1,773.89 $316,532.86
180 $316,532.86 $1,026.50 $0.00 $1,789.72 $319,349.08
181 $319,349.08 $1,026.50 $0.00 $1,805.65 $322,181.23
182 $322,181.23 $1,026.50 $0.00 $1,821.66 $325,029.39
183 $325,029.39 $1,026.50 $0.00 $1,837.76 $327,893.65
184 $327,893.65 $1,026.50 $0.00 $1,853.96 $330,774.11
185 $330,774.11 $1,026.50 $0.00 $1,870.24 $333,670.85
186 $333,670.85 $1,026.50 $0.00 $1,886.62 $336,583.97
187 $336,583.97 $1,026.50 $0.00 $1,903.09 $339,513.56
188 $339,513.56 $1,026.50 $0.00 $1,919.66 $342,459.72
189 $342,459.72 $1,026.50 $0.00 $1,936.32 $345,422.54
190 $345,422.54 $1,026.50 $0.00 $1,953.07 $348,402.11
191 $348,402.11 $1,026.50 $0.00 $1,969.92 $351,398.53
192 $351,398.53 $1,026.50 $0.00 $1,986.86 $354,411.89
193 $354,411.89 $1,026.50 $0.00 $2,003.90 $357,442.29
194 $357,442.29 $1,026.50 $0.00 $2,021.03 $360,489.82
195 $360,489.82 $1,026.50 $0.00 $2,038.26 $363,554.58
196 $363,554.58 $1,026.50 $0.00 $2,055.59 $366,636.67
197 $366,636.67 $1,026.50 $0.00 $2,073.02 $369,736.19
198 $369,736.19 $1,026.50 $0.00 $2,090.54 $372,853.23
199 $372,853.23 $1,026.50 $0.00 $2,108.17 $375,987.90
200 $375,987.90 $1,026.50 $0.00 $2,125.89 $379,140.29
201 $379,140.29 $1,026.50 $0.00 $2,143.71 $382,310.50
202 $382,310.50 $1,026.50 $0.00 $2,161.64 $385,498.64
203 $385,498.64 $1,026.50 $0.00 $2,179.67 $388,704.81
204 $388,704.81 $1,026.50 $0.00 $2,197.79 $391,929.10
205 $391,929.10 $1,026.50 $0.00 $2,216.02 $395,171.62
206 $395,171.62 $1,026.50 $0.00 $2,234.36 $398,432.48
207 $398,432.48 $1,026.50 $0.00 $2,252.80 $401,711.78
208 $401,711.78 $1,026.50 $0.00 $2,271.34 $405,009.62
209 $405,009.62 $1,026.50 $0.00 $2,289.98 $408,326.10
210 $408,326.10 $1,026.50 $0.00 $2,308.74 $411,661.34
211 $411,661.34 $1,026.50 $0.00 $2,327.59 $415,015.43
212 $415,015.43 $1,026.50 $0.00 $2,346.56 $418,388.49
213 $418,388.49 $1,026.50 $0.00 $2,365.63 $421,780.62
214 $421,780.62 $1,026.50 $0.00 $2,384.81 $425,191.93
215 $425,191.93 $1,026.50 $0.00 $2,404.10 $428,622.53
216 $428,622.53 $1,026.50 $0.00 $2,423.49 $432,072.52
217 $432,072.52 $1,026.50 $120,345.40 $2,443.00 $315,196.62
218 $315,196.62 $1,026.50 $0.00 $1,782.17 $318,005.29
219 $318,005.29 $1,026.50 $0.00 $1,798.05 $320,829.84
220 $320,829.84 $1,026.50 $0.00 $1,814.02 $323,670.36
221 $323,670.36 $1,026.50 $0.00 $1,830.08 $326,526.94
222 $326,526.94 $1,026.50 $0.00 $1,846.23 $329,399.67
223 $329,399.67 $1,026.50 $0.00 $1,862.47 $332,288.64
224 $332,288.64 $1,026.50 $0.00 $1,878.81 $335,193.95
225 $335,193.95 $1,026.50 $0.00 $1,895.24 $338,115.69
226 $338,115.69 $1,026.50 $0.00 $1,911.76 $341,053.95
227 $341,053.95 $1,026.50 $0.00 $1,928.37 $344,008.82
228 $344,008.82 $1,026.50 $0.00 $1,945.08 $346,980.40
229 $346,980.40 $1,026.50 $126,362.67 $1,961.88 $223,606.11
230 $223,606.11 $1,026.50 $0.00 $1,264.30 $225,896.91
231 $225,896.91 $1,026.50 $0.00 $1,277.25 $228,200.66
232 $228,200.66 $1,026.50 $0.00 $1,290.28 $230,517.44
233 $230,517.44 $1,026.50 $0.00 $1,303.38 $232,847.32
234 $232,847.32 $1,026.50 $0.00 $1,316.55 $235,190.37
235 $235,190.37 $1,026.50 $0.00 $1,329.80 $237,546.67
236 $237,546.67 $1,026.50 $0.00 $1,343.12 $239,916.29
237 $239,916.29 $1,026.50 $0.00 $1,356.52 $242,299.31
238 $242,299.31 $1,026.50 $0.00 $1,370.00 $244,695.81
239 $244,695.81 $1,026.50 $0.00 $1,383.55 $247,105.86
240 $247,105.86 $1,026.50 $0.00 $1,397.17 $249,529.53
241 $249,529.53 $1,026.50 $132,680.81 $1,410.88 $119,286.10
242 $119,286.10 $1,026.50 $0.00 $674.46 $120,987.06
243 $120,987.06 $1,026.50 $0.00 $684.08 $122,697.64
244 $122,697.64 $1,026.50 $0.00 $693.75 $124,417.89
245 $124,417.89 $1,026.50 $0.00 $703.48 $126,147.87
246 $126,147.87 $1,026.50 $0.00 $713.26 $127,887.63
247 $127,887.63 $1,026.50 $0.00 $723.10 $129,637.23
248 $129,637.23 $1,026.50 $0.00 $732.99 $131,396.72
249 $131,396.72 $1,026.50 $0.00 $742.94 $133,166.16
250 $133,166.16 $1,026.50 $0.00 $752.94 $134,945.60
251 $134,945.60 $1,026.50 $0.00 $763.00 $136,735.10
252 $136,735.10 $1,026.50 $0.00 $773.12 $138,534.72
253 $138,534.72 $0.00 $139,314.85 $783.30 $3.17