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 2039$117,929
Monthly savings required$934

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 $471,714.80 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $933.50 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$45,476.00
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 $933.50 $0.00 $0.00 $933.50
2 $933.50 $933.50 $0.00 $5.28 $1,872.28
3 $1,872.28 $933.50 $0.00 $10.59 $2,816.37
4 $2,816.37 $933.50 $0.00 $15.92 $3,765.79
5 $3,765.79 $933.50 $0.00 $21.29 $4,720.58
6 $4,720.58 $933.50 $0.00 $26.69 $5,680.77
7 $5,680.77 $933.50 $0.00 $32.12 $6,646.39
8 $6,646.39 $933.50 $0.00 $37.58 $7,617.47
9 $7,617.47 $933.50 $0.00 $43.07 $8,594.04
10 $8,594.04 $933.50 $0.00 $48.59 $9,576.13
11 $9,576.13 $933.50 $0.00 $54.14 $10,563.77
12 $10,563.77 $933.50 $0.00 $59.73 $11,557.00
13 $11,557.00 $933.50 $0.00 $65.34 $12,555.84
14 $12,555.84 $933.50 $0.00 $70.99 $13,560.33
15 $13,560.33 $933.50 $0.00 $76.67 $14,570.50
16 $14,570.50 $933.50 $0.00 $82.38 $15,586.38
17 $15,586.38 $933.50 $0.00 $88.13 $16,608.01
18 $16,608.01 $933.50 $0.00 $93.90 $17,635.41
19 $17,635.41 $933.50 $0.00 $99.71 $18,668.62
20 $18,668.62 $933.50 $0.00 $105.56 $19,707.68
21 $19,707.68 $933.50 $0.00 $111.43 $20,752.61
22 $20,752.61 $933.50 $0.00 $117.34 $21,803.45
23 $21,803.45 $933.50 $0.00 $123.28 $22,860.23
24 $22,860.23 $933.50 $0.00 $129.26 $23,922.99
25 $23,922.99 $933.50 $0.00 $135.26 $24,991.75
26 $24,991.75 $933.50 $0.00 $141.31 $26,066.56
27 $26,066.56 $933.50 $0.00 $147.38 $27,147.44
28 $27,147.44 $933.50 $0.00 $153.50 $28,234.44
29 $28,234.44 $933.50 $0.00 $159.64 $29,327.58
30 $29,327.58 $933.50 $0.00 $165.82 $30,426.90
31 $30,426.90 $933.50 $0.00 $172.04 $31,532.44
32 $31,532.44 $933.50 $0.00 $178.29 $32,644.23
33 $32,644.23 $933.50 $0.00 $184.58 $33,762.31
34 $33,762.31 $933.50 $0.00 $190.90 $34,886.71
35 $34,886.71 $933.50 $0.00 $197.25 $36,017.46
36 $36,017.46 $933.50 $0.00 $203.65 $37,154.61
37 $37,154.61 $933.50 $0.00 $210.08 $38,298.19
38 $38,298.19 $933.50 $0.00 $216.54 $39,448.23
39 $39,448.23 $933.50 $0.00 $223.05 $40,604.78
40 $40,604.78 $933.50 $0.00 $229.59 $41,767.87
41 $41,767.87 $933.50 $0.00 $236.16 $42,937.53
42 $42,937.53 $933.50 $0.00 $242.78 $44,113.81
43 $44,113.81 $933.50 $0.00 $249.43 $45,296.74
44 $45,296.74 $933.50 $0.00 $256.11 $46,486.35
45 $46,486.35 $933.50 $0.00 $262.84 $47,682.69
46 $47,682.69 $933.50 $0.00 $269.60 $48,885.79
47 $48,885.79 $933.50 $0.00 $276.41 $50,095.70
48 $50,095.70 $933.50 $0.00 $283.25 $51,312.45
49 $51,312.45 $933.50 $0.00 $290.13 $52,536.08
50 $52,536.08 $933.50 $0.00 $297.05 $53,766.63
51 $53,766.63 $933.50 $0.00 $304.00 $55,004.13
52 $55,004.13 $933.50 $0.00 $311.00 $56,248.63
53 $56,248.63 $933.50 $0.00 $318.04 $57,500.17
54 $57,500.17 $933.50 $0.00 $325.11 $58,758.78
55 $58,758.78 $933.50 $0.00 $332.23 $60,024.51
56 $60,024.51 $933.50 $0.00 $339.39 $61,297.40
57 $61,297.40 $933.50 $0.00 $346.58 $62,577.48
58 $62,577.48 $933.50 $0.00 $353.82 $63,864.80
59 $63,864.80 $933.50 $0.00 $361.10 $65,159.40
60 $65,159.40 $933.50 $0.00 $368.42 $66,461.32
61 $66,461.32 $933.50 $0.00 $375.78 $67,770.60
62 $67,770.60 $933.50 $0.00 $383.18 $69,087.28
63 $69,087.28 $933.50 $0.00 $390.63 $70,411.41
64 $70,411.41 $933.50 $0.00 $398.12 $71,743.03
65 $71,743.03 $933.50 $0.00 $405.65 $73,082.18
66 $73,082.18 $933.50 $0.00 $413.22 $74,428.90
67 $74,428.90 $933.50 $0.00 $420.83 $75,783.23
68 $75,783.23 $933.50 $0.00 $428.49 $77,145.22
69 $77,145.22 $933.50 $0.00 $436.19 $78,514.91
70 $78,514.91 $933.50 $0.00 $443.93 $79,892.34
71 $79,892.34 $933.50 $0.00 $451.72 $81,277.56
72 $81,277.56 $933.50 $0.00 $459.56 $82,670.62
73 $82,670.62 $933.50 $0.00 $467.43 $84,071.55
74 $84,071.55 $933.50 $0.00 $475.35 $85,480.40
75 $85,480.40 $933.50 $0.00 $483.32 $86,897.22
76 $86,897.22 $933.50 $0.00 $491.33 $88,322.05
77 $88,322.05 $933.50 $0.00 $499.39 $89,754.94
78 $89,754.94 $933.50 $0.00 $507.49 $91,195.93
79 $91,195.93 $933.50 $0.00 $515.64 $92,645.07
80 $92,645.07 $933.50 $0.00 $523.83 $94,102.40
81 $94,102.40 $933.50 $0.00 $532.07 $95,567.97
82 $95,567.97 $933.50 $0.00 $540.36 $97,041.83
83 $97,041.83 $933.50 $0.00 $548.69 $98,524.02
84 $98,524.02 $933.50 $0.00 $557.07 $100,014.59
85 $100,014.59 $933.50 $0.00 $565.50 $101,513.59
86 $101,513.59 $933.50 $0.00 $573.97 $103,021.06
87 $103,021.06 $933.50 $0.00 $582.50 $104,537.06
88 $104,537.06 $933.50 $0.00 $591.07 $106,061.63
89 $106,061.63 $933.50 $0.00 $599.69 $107,594.82
90 $107,594.82 $933.50 $0.00 $608.36 $109,136.68
91 $109,136.68 $933.50 $0.00 $617.07 $110,687.25
92 $110,687.25 $933.50 $0.00 $625.84 $112,246.59
93 $112,246.59 $933.50 $0.00 $634.66 $113,814.75
94 $113,814.75 $933.50 $0.00 $643.53 $115,391.78
95 $115,391.78 $933.50 $0.00 $652.44 $116,977.72
96 $116,977.72 $933.50 $0.00 $661.41 $118,572.63
97 $118,572.63 $933.50 $0.00 $670.43 $120,176.56
98 $120,176.56 $933.50 $0.00 $679.50 $121,789.56
99 $121,789.56 $933.50 $0.00 $688.62 $123,411.68
100 $123,411.68 $933.50 $0.00 $697.79 $125,042.97
101 $125,042.97 $933.50 $0.00 $707.01 $126,683.48
102 $126,683.48 $933.50 $0.00 $716.29 $128,333.27
103 $128,333.27 $933.50 $0.00 $725.61 $129,992.38
104 $129,992.38 $933.50 $0.00 $735.00 $131,660.88
105 $131,660.88 $933.50 $0.00 $744.43 $133,338.81
106 $133,338.81 $933.50 $0.00 $753.92 $135,026.23
107 $135,026.23 $933.50 $0.00 $763.46 $136,723.19
108 $136,723.19 $933.50 $0.00 $773.05 $138,429.74
109 $138,429.74 $933.50 $0.00 $782.70 $140,145.94
110 $140,145.94 $933.50 $0.00 $792.41 $141,871.85
111 $141,871.85 $933.50 $0.00 $802.16 $143,607.51
112 $143,607.51 $933.50 $0.00 $811.98 $145,352.99
113 $145,352.99 $933.50 $0.00 $821.85 $147,108.34
114 $147,108.34 $933.50 $0.00 $831.77 $148,873.61
115 $148,873.61 $933.50 $0.00 $841.75 $150,648.86
116 $150,648.86 $933.50 $0.00 $851.79 $152,434.15
117 $152,434.15 $933.50 $0.00 $861.88 $154,229.53
118 $154,229.53 $933.50 $0.00 $872.04 $156,035.07
119 $156,035.07 $933.50 $0.00 $882.24 $157,850.81
120 $157,850.81 $933.50 $0.00 $892.51 $159,676.82
121 $159,676.82 $933.50 $0.00 $902.84 $161,513.16
122 $161,513.16 $933.50 $0.00 $913.22 $163,359.88
123 $163,359.88 $933.50 $0.00 $923.66 $165,217.04
124 $165,217.04 $933.50 $0.00 $934.16 $167,084.70
125 $167,084.70 $933.50 $0.00 $944.72 $168,962.92
126 $168,962.92 $933.50 $0.00 $955.34 $170,851.76
127 $170,851.76 $933.50 $0.00 $966.02 $172,751.28
128 $172,751.28 $933.50 $0.00 $976.76 $174,661.54
129 $174,661.54 $933.50 $0.00 $987.56 $176,582.60
130 $176,582.60 $933.50 $0.00 $998.42 $178,514.52
131 $178,514.52 $933.50 $0.00 $1,009.35 $180,457.37
132 $180,457.37 $933.50 $0.00 $1,020.33 $182,411.20
133 $182,411.20 $933.50 $0.00 $1,031.38 $184,376.08
134 $184,376.08 $933.50 $0.00 $1,042.49 $186,352.07
135 $186,352.07 $933.50 $0.00 $1,053.66 $188,339.23
136 $188,339.23 $933.50 $0.00 $1,064.90 $190,337.63
137 $190,337.63 $933.50 $0.00 $1,076.20 $192,347.33
138 $192,347.33 $933.50 $0.00 $1,087.56 $194,368.39
139 $194,368.39 $933.50 $0.00 $1,098.99 $196,400.88
140 $196,400.88 $933.50 $0.00 $1,110.48 $198,444.86
141 $198,444.86 $933.50 $0.00 $1,122.04 $200,500.40
142 $200,500.40 $933.50 $0.00 $1,133.66 $202,567.56
143 $202,567.56 $933.50 $0.00 $1,145.35 $204,646.41
144 $204,646.41 $933.50 $0.00 $1,157.10 $206,737.01
145 $206,737.01 $933.50 $0.00 $1,168.92 $208,839.43
146 $208,839.43 $933.50 $0.00 $1,180.81 $210,953.74
147 $210,953.74 $933.50 $0.00 $1,192.76 $213,080.00
148 $213,080.00 $933.50 $0.00 $1,204.79 $215,218.29
149 $215,218.29 $933.50 $0.00 $1,216.88 $217,368.67
150 $217,368.67 $933.50 $0.00 $1,229.03 $219,531.20
151 $219,531.20 $933.50 $0.00 $1,241.26 $221,705.96
152 $221,705.96 $933.50 $0.00 $1,253.56 $223,893.02
153 $223,893.02 $933.50 $0.00 $1,265.92 $226,092.44
154 $226,092.44 $933.50 $0.00 $1,278.36 $228,304.30
155 $228,304.30 $933.50 $0.00 $1,290.87 $230,528.67
156 $230,528.67 $933.50 $0.00 $1,303.44 $232,765.61
157 $232,765.61 $933.50 $0.00 $1,316.09 $235,015.20
158 $235,015.20 $933.50 $0.00 $1,328.81 $237,277.51
159 $237,277.51 $933.50 $0.00 $1,341.60 $239,552.61
160 $239,552.61 $933.50 $0.00 $1,354.47 $241,840.58
161 $241,840.58 $933.50 $0.00 $1,367.40 $244,141.48
162 $244,141.48 $933.50 $0.00 $1,380.41 $246,455.39
163 $246,455.39 $933.50 $0.00 $1,393.49 $248,782.38
164 $248,782.38 $933.50 $0.00 $1,406.65 $251,122.53
165 $251,122.53 $933.50 $0.00 $1,419.88 $253,475.91
166 $253,475.91 $933.50 $0.00 $1,433.19 $255,842.60
167 $255,842.60 $933.50 $0.00 $1,446.57 $258,222.67
168 $258,222.67 $933.50 $0.00 $1,460.03 $260,616.20
169 $260,616.20 $933.50 $0.00 $1,473.56 $263,023.26
170 $263,023.26 $933.50 $0.00 $1,487.17 $265,443.93
171 $265,443.93 $933.50 $0.00 $1,500.86 $267,878.29
172 $267,878.29 $933.50 $0.00 $1,514.62 $270,326.41
173 $270,326.41 $933.50 $0.00 $1,528.46 $272,788.37
174 $272,788.37 $933.50 $0.00 $1,542.39 $275,264.26
175 $275,264.26 $933.50 $0.00 $1,556.38 $277,754.14
176 $277,754.14 $933.50 $0.00 $1,570.46 $280,258.10
177 $280,258.10 $933.50 $0.00 $1,584.62 $282,776.22
178 $282,776.22 $933.50 $0.00 $1,598.86 $285,308.58
179 $285,308.58 $933.50 $0.00 $1,613.18 $287,855.26
180 $287,855.26 $933.50 $0.00 $1,627.58 $290,416.34
181 $290,416.34 $933.50 $0.00 $1,642.06 $292,991.90
182 $292,991.90 $933.50 $0.00 $1,656.62 $295,582.02
183 $295,582.02 $933.50 $0.00 $1,671.26 $298,186.78
184 $298,186.78 $933.50 $0.00 $1,685.99 $300,806.27
185 $300,806.27 $933.50 $0.00 $1,700.80 $303,440.57
186 $303,440.57 $933.50 $0.00 $1,715.70 $306,089.77
187 $306,089.77 $933.50 $0.00 $1,730.68 $308,753.95
188 $308,753.95 $933.50 $0.00 $1,745.74 $311,433.19
189 $311,433.19 $933.50 $0.00 $1,760.89 $314,127.58
190 $314,127.58 $933.50 $0.00 $1,776.12 $316,837.20
191 $316,837.20 $933.50 $0.00 $1,791.44 $319,562.14
192 $319,562.14 $933.50 $0.00 $1,806.85 $322,302.49
193 $322,302.49 $933.50 $0.00 $1,822.35 $325,058.34
194 $325,058.34 $933.50 $0.00 $1,837.93 $327,829.77
195 $327,829.77 $933.50 $0.00 $1,853.60 $330,616.87
196 $330,616.87 $933.50 $0.00 $1,869.36 $333,419.73
197 $333,419.73 $933.50 $0.00 $1,885.20 $336,238.43
198 $336,238.43 $933.50 $0.00 $1,901.14 $339,073.07
199 $339,073.07 $933.50 $0.00 $1,917.17 $341,923.74
200 $341,923.74 $933.50 $0.00 $1,933.29 $344,790.53
201 $344,790.53 $933.50 $0.00 $1,949.50 $347,673.53
202 $347,673.53 $933.50 $0.00 $1,965.80 $350,572.83
203 $350,572.83 $933.50 $0.00 $1,982.19 $353,488.52
204 $353,488.52 $933.50 $0.00 $1,998.68 $356,420.70
205 $356,420.70 $933.50 $0.00 $2,015.25 $359,369.45
206 $359,369.45 $933.50 $0.00 $2,031.93 $362,334.88
207 $362,334.88 $933.50 $0.00 $2,048.69 $365,317.07
208 $365,317.07 $933.50 $0.00 $2,065.56 $368,316.13
209 $368,316.13 $933.50 $0.00 $2,082.51 $371,332.14
210 $371,332.14 $933.50 $0.00 $2,099.57 $374,365.21
211 $374,365.21 $933.50 $0.00 $2,116.72 $377,415.43
212 $377,415.43 $933.50 $0.00 $2,133.96 $380,482.89
213 $380,482.89 $933.50 $0.00 $2,151.31 $383,567.70
214 $383,567.70 $933.50 $0.00 $2,168.75 $386,669.95
215 $386,669.95 $933.50 $0.00 $2,186.29 $389,789.74
216 $389,789.74 $933.50 $0.00 $2,203.93 $392,927.17
217 $392,927.17 $933.50 $109,443.42 $2,221.67 $286,638.92
218 $286,638.92 $933.50 $0.00 $1,620.70 $289,193.12
219 $289,193.12 $933.50 $0.00 $1,635.14 $291,761.76
220 $291,761.76 $933.50 $0.00 $1,649.66 $294,344.92
221 $294,344.92 $933.50 $0.00 $1,664.27 $296,942.69
222 $296,942.69 $933.50 $0.00 $1,678.96 $299,555.15
223 $299,555.15 $933.50 $0.00 $1,693.73 $302,182.38
224 $302,182.38 $933.50 $0.00 $1,708.58 $304,824.46
225 $304,824.46 $933.50 $0.00 $1,723.52 $307,481.48
226 $307,481.48 $933.50 $0.00 $1,738.54 $310,153.52
227 $310,153.52 $933.50 $0.00 $1,753.65 $312,840.67
228 $312,840.67 $933.50 $0.00 $1,768.85 $315,543.02
229 $315,543.02 $933.50 $114,915.59 $1,784.13 $203,345.06
230 $203,345.06 $933.50 $0.00 $1,149.74 $205,428.30
231 $205,428.30 $933.50 $0.00 $1,161.52 $207,523.32
232 $207,523.32 $933.50 $0.00 $1,173.37 $209,630.19
233 $209,630.19 $933.50 $0.00 $1,185.28 $211,748.97
234 $211,748.97 $933.50 $0.00 $1,197.26 $213,879.73
235 $213,879.73 $933.50 $0.00 $1,209.31 $216,022.54
236 $216,022.54 $933.50 $0.00 $1,221.42 $218,177.46
237 $218,177.46 $933.50 $0.00 $1,233.61 $220,344.57
238 $220,344.57 $933.50 $0.00 $1,245.86 $222,523.93
239 $222,523.93 $933.50 $0.00 $1,258.18 $224,715.61
240 $224,715.61 $933.50 $0.00 $1,270.57 $226,919.68
241 $226,919.68 $933.50 $120,661.37 $1,283.04 $108,474.85
242 $108,474.85 $933.50 $0.00 $613.33 $110,021.68
243 $110,021.68 $933.50 $0.00 $622.08 $111,577.26
244 $111,577.26 $933.50 $0.00 $630.87 $113,141.63
245 $113,141.63 $933.50 $0.00 $639.72 $114,714.85
246 $114,714.85 $933.50 $0.00 $648.61 $116,296.96
247 $116,296.96 $933.50 $0.00 $657.56 $117,888.02
248 $117,888.02 $933.50 $0.00 $666.56 $119,488.08
249 $119,488.08 $933.50 $0.00 $675.60 $121,097.18
250 $121,097.18 $933.50 $0.00 $684.70 $122,715.38
251 $122,715.38 $933.50 $0.00 $693.85 $124,342.73
252 $124,342.73 $933.50 $0.00 $703.05 $125,979.28
253 $125,979.28 $0.00 $126,694.43 $712.31 ($2.84)