Savings Plan and Future Cost Estimation for Concordia University Chicago

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$181,304
Monthly savings required$1,433

How much will it cost to send your child to Concordia University Chicago in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $725,214.11 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,432.89 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$48,326.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,432.89 $0.00 $0.00 $1,432.89
2 $1,432.89 $1,432.89 $0.00 $8.10 $2,873.88
3 $2,873.88 $1,432.89 $0.00 $16.25 $4,323.02
4 $4,323.02 $1,432.89 $0.00 $24.44 $5,780.35
5 $5,780.35 $1,432.89 $0.00 $32.68 $7,245.92
6 $7,245.92 $1,432.89 $0.00 $40.97 $8,719.78
7 $8,719.78 $1,432.89 $0.00 $49.30 $10,201.97
8 $10,201.97 $1,432.89 $0.00 $57.68 $11,692.54
9 $11,692.54 $1,432.89 $0.00 $66.11 $13,191.54
10 $13,191.54 $1,432.89 $0.00 $74.59 $14,699.02
11 $14,699.02 $1,432.89 $0.00 $83.11 $16,215.02
12 $16,215.02 $1,432.89 $0.00 $91.68 $17,739.59
13 $17,739.59 $1,432.89 $0.00 $100.30 $19,272.78
14 $19,272.78 $1,432.89 $0.00 $108.97 $20,814.64
15 $20,814.64 $1,432.89 $0.00 $117.69 $22,365.22
16 $22,365.22 $1,432.89 $0.00 $126.46 $23,924.57
17 $23,924.57 $1,432.89 $0.00 $135.27 $25,492.73
18 $25,492.73 $1,432.89 $0.00 $144.14 $27,069.76
19 $27,069.76 $1,432.89 $0.00 $153.06 $28,655.71
20 $28,655.71 $1,432.89 $0.00 $162.02 $30,250.62
21 $30,250.62 $1,432.89 $0.00 $171.04 $31,854.55
22 $31,854.55 $1,432.89 $0.00 $180.11 $33,467.55
23 $33,467.55 $1,432.89 $0.00 $189.23 $35,089.67
24 $35,089.67 $1,432.89 $0.00 $198.40 $36,720.96
25 $36,720.96 $1,432.89 $0.00 $207.63 $38,361.48
26 $38,361.48 $1,432.89 $0.00 $216.90 $40,011.27
27 $40,011.27 $1,432.89 $0.00 $226.23 $41,670.39
28 $41,670.39 $1,432.89 $0.00 $235.61 $43,338.89
29 $43,338.89 $1,432.89 $0.00 $245.04 $45,016.82
30 $45,016.82 $1,432.89 $0.00 $254.53 $46,704.24
31 $46,704.24 $1,432.89 $0.00 $264.07 $48,401.20
32 $48,401.20 $1,432.89 $0.00 $273.67 $50,107.76
33 $50,107.76 $1,432.89 $0.00 $283.32 $51,823.97
34 $51,823.97 $1,432.89 $0.00 $293.02 $53,549.88
35 $53,549.88 $1,432.89 $0.00 $302.78 $55,285.55
36 $55,285.55 $1,432.89 $0.00 $312.59 $57,031.03
37 $57,031.03 $1,432.89 $0.00 $322.46 $58,786.38
38 $58,786.38 $1,432.89 $0.00 $332.39 $60,551.66
39 $60,551.66 $1,432.89 $0.00 $342.37 $62,326.92
40 $62,326.92 $1,432.89 $0.00 $352.41 $64,112.22
41 $64,112.22 $1,432.89 $0.00 $362.50 $65,907.61
42 $65,907.61 $1,432.89 $0.00 $372.65 $67,713.15
43 $67,713.15 $1,432.89 $0.00 $382.86 $69,528.90
44 $69,528.90 $1,432.89 $0.00 $393.13 $71,354.92
45 $71,354.92 $1,432.89 $0.00 $403.45 $73,191.26
46 $73,191.26 $1,432.89 $0.00 $413.83 $75,037.98
47 $75,037.98 $1,432.89 $0.00 $424.28 $76,895.15
48 $76,895.15 $1,432.89 $0.00 $434.78 $78,762.82
49 $78,762.82 $1,432.89 $0.00 $445.34 $80,641.05
50 $80,641.05 $1,432.89 $0.00 $455.96 $82,529.90
51 $82,529.90 $1,432.89 $0.00 $466.64 $84,429.43
52 $84,429.43 $1,432.89 $0.00 $477.38 $86,339.70
53 $86,339.70 $1,432.89 $0.00 $488.18 $88,260.77
54 $88,260.77 $1,432.89 $0.00 $499.04 $90,192.70
55 $90,192.70 $1,432.89 $0.00 $509.96 $92,135.55
56 $92,135.55 $1,432.89 $0.00 $520.95 $94,089.39
57 $94,089.39 $1,432.89 $0.00 $532.00 $96,054.28
58 $96,054.28 $1,432.89 $0.00 $543.10 $98,030.27
59 $98,030.27 $1,432.89 $0.00 $554.28 $100,017.44
60 $100,017.44 $1,432.89 $0.00 $565.51 $102,015.84
61 $102,015.84 $1,432.89 $0.00 $576.81 $104,025.54
62 $104,025.54 $1,432.89 $0.00 $588.18 $106,046.61
63 $106,046.61 $1,432.89 $0.00 $599.60 $108,079.10
64 $108,079.10 $1,432.89 $0.00 $611.09 $110,123.08
65 $110,123.08 $1,432.89 $0.00 $622.65 $112,178.62
66 $112,178.62 $1,432.89 $0.00 $634.27 $114,245.78
67 $114,245.78 $1,432.89 $0.00 $645.96 $116,324.63
68 $116,324.63 $1,432.89 $0.00 $657.72 $118,415.24
69 $118,415.24 $1,432.89 $0.00 $669.54 $120,517.67
70 $120,517.67 $1,432.89 $0.00 $681.42 $122,631.98
71 $122,631.98 $1,432.89 $0.00 $693.38 $124,758.25
72 $124,758.25 $1,432.89 $0.00 $705.40 $126,896.54
73 $126,896.54 $1,432.89 $0.00 $717.49 $129,046.92
74 $129,046.92 $1,432.89 $0.00 $729.65 $131,209.46
75 $131,209.46 $1,432.89 $0.00 $741.88 $133,384.23
76 $133,384.23 $1,432.89 $0.00 $754.17 $135,571.29
77 $135,571.29 $1,432.89 $0.00 $766.54 $137,770.72
78 $137,770.72 $1,432.89 $0.00 $778.98 $139,982.59
79 $139,982.59 $1,432.89 $0.00 $791.48 $142,206.96
80 $142,206.96 $1,432.89 $0.00 $804.06 $144,443.91
81 $144,443.91 $1,432.89 $0.00 $816.71 $146,693.51
82 $146,693.51 $1,432.89 $0.00 $829.43 $148,955.83
83 $148,955.83 $1,432.89 $0.00 $842.22 $151,230.94
84 $151,230.94 $1,432.89 $0.00 $855.08 $153,518.91
85 $153,518.91 $1,432.89 $0.00 $868.02 $155,819.82
86 $155,819.82 $1,432.89 $0.00 $881.03 $158,133.74
87 $158,133.74 $1,432.89 $0.00 $894.11 $160,460.74
88 $160,460.74 $1,432.89 $0.00 $907.27 $162,800.90
89 $162,800.90 $1,432.89 $0.00 $920.50 $165,154.29
90 $165,154.29 $1,432.89 $0.00 $933.81 $167,520.99
91 $167,520.99 $1,432.89 $0.00 $947.19 $169,901.07
92 $169,901.07 $1,432.89 $0.00 $960.65 $172,294.61
93 $172,294.61 $1,432.89 $0.00 $974.18 $174,701.68
94 $174,701.68 $1,432.89 $0.00 $987.79 $177,122.36
95 $177,122.36 $1,432.89 $0.00 $1,001.48 $179,556.73
96 $179,556.73 $1,432.89 $0.00 $1,015.24 $182,004.86
97 $182,004.86 $1,432.89 $0.00 $1,029.08 $184,466.83
98 $184,466.83 $1,432.89 $0.00 $1,043.00 $186,942.72
99 $186,942.72 $1,432.89 $0.00 $1,057.00 $189,432.61
100 $189,432.61 $1,432.89 $0.00 $1,071.08 $191,936.58
101 $191,936.58 $1,432.89 $0.00 $1,085.24 $194,454.71
102 $194,454.71 $1,432.89 $0.00 $1,099.48 $196,987.08
103 $196,987.08 $1,432.89 $0.00 $1,113.79 $199,533.76
104 $199,533.76 $1,432.89 $0.00 $1,128.19 $202,094.84
105 $202,094.84 $1,432.89 $0.00 $1,142.67 $204,670.40
106 $204,670.40 $1,432.89 $0.00 $1,157.24 $207,260.53
107 $207,260.53 $1,432.89 $0.00 $1,171.88 $209,865.30
108 $209,865.30 $1,432.89 $0.00 $1,186.61 $212,484.80
109 $212,484.80 $1,432.89 $0.00 $1,201.42 $215,119.11
110 $215,119.11 $1,432.89 $0.00 $1,216.31 $217,768.31
111 $217,768.31 $1,432.89 $0.00 $1,231.29 $220,432.49
112 $220,432.49 $1,432.89 $0.00 $1,246.36 $223,111.74
113 $223,111.74 $1,432.89 $0.00 $1,261.51 $225,806.14
114 $225,806.14 $1,432.89 $0.00 $1,276.74 $228,515.77
115 $228,515.77 $1,432.89 $0.00 $1,292.06 $231,240.72
116 $231,240.72 $1,432.89 $0.00 $1,307.47 $233,981.08
117 $233,981.08 $1,432.89 $0.00 $1,322.96 $236,736.93
118 $236,736.93 $1,432.89 $0.00 $1,338.55 $239,508.37
119 $239,508.37 $1,432.89 $0.00 $1,354.22 $242,295.48
120 $242,295.48 $1,432.89 $0.00 $1,369.97 $245,098.34
121 $245,098.34 $1,432.89 $0.00 $1,385.82 $247,917.05
122 $247,917.05 $1,432.89 $0.00 $1,401.76 $250,751.70
123 $250,751.70 $1,432.89 $0.00 $1,417.79 $253,602.38
124 $253,602.38 $1,432.89 $0.00 $1,433.90 $256,469.17
125 $256,469.17 $1,432.89 $0.00 $1,450.11 $259,352.17
126 $259,352.17 $1,432.89 $0.00 $1,466.41 $262,251.47
127 $262,251.47 $1,432.89 $0.00 $1,482.81 $265,167.17
128 $265,167.17 $1,432.89 $0.00 $1,499.29 $268,099.35
129 $268,099.35 $1,432.89 $0.00 $1,515.87 $271,048.11
130 $271,048.11 $1,432.89 $0.00 $1,532.55 $274,013.55
131 $274,013.55 $1,432.89 $0.00 $1,549.31 $276,995.75
132 $276,995.75 $1,432.89 $0.00 $1,566.17 $279,994.81
133 $279,994.81 $1,432.89 $0.00 $1,583.13 $283,010.83
134 $283,010.83 $1,432.89 $0.00 $1,600.18 $286,043.90
135 $286,043.90 $1,432.89 $0.00 $1,617.33 $289,094.12
136 $289,094.12 $1,432.89 $0.00 $1,634.58 $292,161.59
137 $292,161.59 $1,432.89 $0.00 $1,651.92 $295,246.40
138 $295,246.40 $1,432.89 $0.00 $1,669.37 $298,348.66
139 $298,348.66 $1,432.89 $0.00 $1,686.91 $301,468.46
140 $301,468.46 $1,432.89 $0.00 $1,704.55 $304,605.90
141 $304,605.90 $1,432.89 $0.00 $1,722.29 $307,761.08
142 $307,761.08 $1,432.89 $0.00 $1,740.13 $310,934.10
143 $310,934.10 $1,432.89 $0.00 $1,758.07 $314,125.06
144 $314,125.06 $1,432.89 $0.00 $1,776.11 $317,334.06
145 $317,334.06 $1,432.89 $0.00 $1,794.25 $320,561.20
146 $320,561.20 $1,432.89 $0.00 $1,812.50 $323,806.59
147 $323,806.59 $1,432.89 $0.00 $1,830.85 $327,070.33
148 $327,070.33 $1,432.89 $0.00 $1,849.30 $330,352.52
149 $330,352.52 $1,432.89 $0.00 $1,867.86 $333,653.27
150 $333,653.27 $1,432.89 $0.00 $1,886.52 $336,972.68
151 $336,972.68 $1,432.89 $0.00 $1,905.29 $340,310.86
152 $340,310.86 $1,432.89 $0.00 $1,924.17 $343,667.92
153 $343,667.92 $1,432.89 $0.00 $1,943.15 $347,043.96
154 $347,043.96 $1,432.89 $0.00 $1,962.24 $350,439.09
155 $350,439.09 $1,432.89 $0.00 $1,981.43 $353,853.41
156 $353,853.41 $1,432.89 $0.00 $2,000.74 $357,287.04
157 $357,287.04 $1,432.89 $0.00 $2,020.15 $360,740.08
158 $360,740.08 $1,432.89 $0.00 $2,039.68 $364,212.65
159 $364,212.65 $1,432.89 $0.00 $2,059.31 $367,704.85
160 $367,704.85 $1,432.89 $0.00 $2,079.06 $371,216.80
161 $371,216.80 $1,432.89 $0.00 $2,098.91 $374,748.60
162 $374,748.60 $1,432.89 $0.00 $2,118.88 $378,300.37
163 $378,300.37 $1,432.89 $0.00 $2,138.97 $381,872.23
164 $381,872.23 $1,432.89 $0.00 $2,159.16 $385,464.28
165 $385,464.28 $1,432.89 $0.00 $2,179.47 $389,076.64
166 $389,076.64 $1,432.89 $0.00 $2,199.90 $392,709.43
167 $392,709.43 $1,432.89 $0.00 $2,220.44 $396,362.76
168 $396,362.76 $1,432.89 $0.00 $2,241.09 $400,036.74
169 $400,036.74 $1,432.89 $0.00 $2,261.87 $403,731.50
170 $403,731.50 $1,432.89 $0.00 $2,282.76 $407,447.15
171 $407,447.15 $1,432.89 $0.00 $2,303.77 $411,183.81
172 $411,183.81 $1,432.89 $0.00 $2,324.89 $414,941.59
173 $414,941.59 $1,432.89 $0.00 $2,346.14 $418,720.62
174 $418,720.62 $1,432.89 $0.00 $2,367.51 $422,521.02
175 $422,521.02 $1,432.89 $0.00 $2,389.00 $426,342.91
176 $426,342.91 $1,432.89 $0.00 $2,410.60 $430,186.40
177 $430,186.40 $1,432.89 $0.00 $2,432.34 $434,051.63
178 $434,051.63 $1,432.89 $0.00 $2,454.19 $437,938.71
179 $437,938.71 $1,432.89 $0.00 $2,476.17 $441,847.77
180 $441,847.77 $1,432.89 $0.00 $2,498.27 $445,778.93
181 $445,778.93 $1,432.89 $0.00 $2,520.50 $449,732.32
182 $449,732.32 $1,432.89 $0.00 $2,542.85 $453,708.06
183 $453,708.06 $1,432.89 $0.00 $2,565.33 $457,706.28
184 $457,706.28 $1,432.89 $0.00 $2,587.94 $461,727.11
185 $461,727.11 $1,432.89 $0.00 $2,610.67 $465,770.67
186 $465,770.67 $1,432.89 $0.00 $2,633.54 $469,837.10
187 $469,837.10 $1,432.89 $0.00 $2,656.53 $473,926.52
188 $473,926.52 $1,432.89 $0.00 $2,679.65 $478,039.06
189 $478,039.06 $1,432.89 $0.00 $2,702.90 $482,174.85
190 $482,174.85 $1,432.89 $0.00 $2,726.29 $486,334.03
191 $486,334.03 $1,432.89 $0.00 $2,749.80 $490,516.72
192 $490,516.72 $1,432.89 $0.00 $2,773.45 $494,723.06
193 $494,723.06 $1,432.89 $0.00 $2,797.24 $498,953.19
194 $498,953.19 $1,432.89 $0.00 $2,821.15 $503,207.23
195 $503,207.23 $1,432.89 $0.00 $2,845.21 $507,485.33
196 $507,485.33 $1,432.89 $0.00 $2,869.40 $511,787.62
197 $511,787.62 $1,432.89 $0.00 $2,893.72 $516,114.23
198 $516,114.23 $1,432.89 $0.00 $2,918.18 $520,465.30
199 $520,465.30 $1,432.89 $0.00 $2,942.79 $524,840.98
200 $524,840.98 $1,432.89 $0.00 $2,967.53 $529,241.40
201 $529,241.40 $1,432.89 $0.00 $2,992.41 $533,666.70
202 $533,666.70 $1,432.89 $0.00 $3,017.43 $538,117.02
203 $538,117.02 $1,432.89 $0.00 $3,042.59 $542,592.50
204 $542,592.50 $1,432.89 $0.00 $3,067.90 $547,093.29
205 $547,093.29 $1,432.89 $0.00 $3,093.35 $551,619.53
206 $551,619.53 $1,432.89 $0.00 $3,118.94 $556,171.36
207 $556,171.36 $1,432.89 $0.00 $3,144.67 $560,748.92
208 $560,748.92 $1,432.89 $0.00 $3,170.56 $565,352.37
209 $565,352.37 $1,432.89 $0.00 $3,196.58 $569,981.84
210 $569,981.84 $1,432.89 $0.00 $3,222.76 $574,637.49
211 $574,637.49 $1,432.89 $0.00 $3,249.08 $579,319.46
212 $579,319.46 $1,432.89 $0.00 $3,275.56 $584,027.91
213 $584,027.91 $1,432.89 $0.00 $3,302.18 $588,762.98
214 $588,762.98 $1,432.89 $0.00 $3,328.95 $593,524.82
215 $593,524.82 $1,432.89 $0.00 $3,355.88 $598,313.59
216 $598,313.59 $1,432.89 $0.00 $3,382.95 $603,129.43
217 $603,129.43 $1,432.89 $163,338.61 $3,410.18 $444,633.89
218 $444,633.89 $1,432.89 $0.00 $2,514.02 $448,580.80
219 $448,580.80 $1,432.89 $0.00 $2,536.34 $452,550.03
220 $452,550.03 $1,432.89 $0.00 $2,558.78 $456,541.70
221 $456,541.70 $1,432.89 $0.00 $2,581.35 $460,555.94
222 $460,555.94 $1,432.89 $0.00 $2,604.05 $464,592.88
223 $464,592.88 $1,432.89 $0.00 $2,626.88 $468,652.65
224 $468,652.65 $1,432.89 $0.00 $2,649.83 $472,735.37
225 $472,735.37 $1,432.89 $0.00 $2,672.91 $476,841.17
226 $476,841.17 $1,432.89 $0.00 $2,696.13 $480,970.19
227 $480,970.19 $1,432.89 $0.00 $2,719.48 $485,122.56
228 $485,122.56 $1,432.89 $0.00 $2,742.95 $489,298.40
229 $489,298.40 $1,432.89 $174,772.31 $2,766.56 $318,725.54
230 $318,725.54 $1,432.89 $0.00 $1,802.12 $321,960.55
231 $321,960.55 $1,432.89 $0.00 $1,820.41 $325,213.85
232 $325,213.85 $1,432.89 $0.00 $1,838.81 $328,485.55
233 $328,485.55 $1,432.89 $0.00 $1,857.31 $331,775.75
234 $331,775.75 $1,432.89 $0.00 $1,875.91 $335,084.55
235 $335,084.55 $1,432.89 $0.00 $1,894.62 $338,412.06
236 $338,412.06 $1,432.89 $0.00 $1,913.43 $341,758.38
237 $341,758.38 $1,432.89 $0.00 $1,932.35 $345,123.62
238 $345,123.62 $1,432.89 $0.00 $1,951.38 $348,507.89
239 $348,507.89 $1,432.89 $0.00 $1,970.51 $351,911.29
240 $351,911.29 $1,432.89 $0.00 $1,989.76 $355,333.94
241 $355,333.94 $1,432.89 $187,006.37 $2,009.11 $171,769.57
242 $171,769.57 $1,432.89 $0.00 $971.21 $174,173.67
243 $174,173.67 $1,432.89 $0.00 $984.80 $176,591.36
244 $176,591.36 $1,432.89 $0.00 $998.47 $179,022.72
245 $179,022.72 $1,432.89 $0.00 $1,012.22 $181,467.83
246 $181,467.83 $1,432.89 $0.00 $1,026.05 $183,926.77
247 $183,926.77 $1,432.89 $0.00 $1,039.95 $186,399.61
248 $186,399.61 $1,432.89 $0.00 $1,053.93 $188,886.43
249 $188,886.43 $1,432.89 $0.00 $1,067.99 $191,387.31
250 $191,387.31 $1,432.89 $0.00 $1,082.13 $193,902.33
251 $193,902.33 $1,432.89 $0.00 $1,096.35 $196,431.57
252 $196,431.57 $1,432.89 $0.00 $1,110.65 $198,975.11
253 $198,975.11 $0.00 $200,096.82 $1,125.03 $3.32