Savings Plan and Future Cost Estimation for Dominican University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$126,696
Monthly savings required$1,003

How much will it cost to send your child to Dominican University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $506,785.34 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,002.91 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$48,857.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Dominican University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,002.91 $0.00 $0.00 $1,002.91
2 $1,002.91 $1,002.91 $0.00 $5.67 $2,011.49
3 $2,011.49 $1,002.91 $0.00 $11.37 $3,025.77
4 $3,025.77 $1,002.91 $0.00 $17.11 $4,045.79
5 $4,045.79 $1,002.91 $0.00 $22.88 $5,071.58
6 $5,071.58 $1,002.91 $0.00 $28.68 $6,103.17
7 $6,103.17 $1,002.91 $0.00 $34.51 $7,140.59
8 $7,140.59 $1,002.91 $0.00 $40.37 $8,183.87
9 $8,183.87 $1,002.91 $0.00 $46.27 $9,233.05
10 $9,233.05 $1,002.91 $0.00 $52.21 $10,288.17
11 $10,288.17 $1,002.91 $0.00 $58.17 $11,349.25
12 $11,349.25 $1,002.91 $0.00 $64.17 $12,416.33
13 $12,416.33 $1,002.91 $0.00 $70.20 $13,489.44
14 $13,489.44 $1,002.91 $0.00 $76.27 $14,568.62
15 $14,568.62 $1,002.91 $0.00 $82.37 $15,653.90
16 $15,653.90 $1,002.91 $0.00 $88.51 $16,745.32
17 $16,745.32 $1,002.91 $0.00 $94.68 $17,842.91
18 $17,842.91 $1,002.91 $0.00 $100.89 $18,946.71
19 $18,946.71 $1,002.91 $0.00 $107.13 $20,056.75
20 $20,056.75 $1,002.91 $0.00 $113.40 $21,173.06
21 $21,173.06 $1,002.91 $0.00 $119.72 $22,295.69
22 $22,295.69 $1,002.91 $0.00 $126.06 $23,424.66
23 $23,424.66 $1,002.91 $0.00 $132.45 $24,560.02
24 $24,560.02 $1,002.91 $0.00 $138.87 $25,701.80
25 $25,701.80 $1,002.91 $0.00 $145.32 $26,850.03
26 $26,850.03 $1,002.91 $0.00 $151.81 $28,004.75
27 $28,004.75 $1,002.91 $0.00 $158.34 $29,166.00
28 $29,166.00 $1,002.91 $0.00 $164.91 $30,333.82
29 $30,333.82 $1,002.91 $0.00 $171.51 $31,508.24
30 $31,508.24 $1,002.91 $0.00 $178.15 $32,689.30
31 $32,689.30 $1,002.91 $0.00 $184.83 $33,877.04
32 $33,877.04 $1,002.91 $0.00 $191.55 $35,071.50
33 $35,071.50 $1,002.91 $0.00 $198.30 $36,272.71
34 $36,272.71 $1,002.91 $0.00 $205.09 $37,480.71
35 $37,480.71 $1,002.91 $0.00 $211.92 $38,695.54
36 $38,695.54 $1,002.91 $0.00 $218.79 $39,917.24
37 $39,917.24 $1,002.91 $0.00 $225.70 $41,145.85
38 $41,145.85 $1,002.91 $0.00 $232.64 $42,381.40
39 $42,381.40 $1,002.91 $0.00 $239.63 $43,623.94
40 $43,623.94 $1,002.91 $0.00 $246.66 $44,873.51
41 $44,873.51 $1,002.91 $0.00 $253.72 $46,130.14
42 $46,130.14 $1,002.91 $0.00 $260.83 $47,393.88
43 $47,393.88 $1,002.91 $0.00 $267.97 $48,664.76
44 $48,664.76 $1,002.91 $0.00 $275.16 $49,942.83
45 $49,942.83 $1,002.91 $0.00 $282.38 $51,228.12
46 $51,228.12 $1,002.91 $0.00 $289.65 $52,520.68
47 $52,520.68 $1,002.91 $0.00 $296.96 $53,820.55
48 $53,820.55 $1,002.91 $0.00 $304.31 $55,127.77
49 $55,127.77 $1,002.91 $0.00 $311.70 $56,442.38
50 $56,442.38 $1,002.91 $0.00 $319.13 $57,764.42
51 $57,764.42 $1,002.91 $0.00 $326.61 $59,093.94
52 $59,093.94 $1,002.91 $0.00 $334.13 $60,430.98
53 $60,430.98 $1,002.91 $0.00 $341.69 $61,775.58
54 $61,775.58 $1,002.91 $0.00 $349.29 $63,127.78
55 $63,127.78 $1,002.91 $0.00 $356.93 $64,487.62
56 $64,487.62 $1,002.91 $0.00 $364.62 $65,855.15
57 $65,855.15 $1,002.91 $0.00 $372.35 $67,230.41
58 $67,230.41 $1,002.91 $0.00 $380.13 $68,613.45
59 $68,613.45 $1,002.91 $0.00 $387.95 $70,004.31
60 $70,004.31 $1,002.91 $0.00 $395.81 $71,403.03
61 $71,403.03 $1,002.91 $0.00 $403.72 $72,809.66
62 $72,809.66 $1,002.91 $0.00 $411.68 $74,224.25
63 $74,224.25 $1,002.91 $0.00 $419.67 $75,646.83
64 $75,646.83 $1,002.91 $0.00 $427.72 $77,077.46
65 $77,077.46 $1,002.91 $0.00 $435.81 $78,516.18
66 $78,516.18 $1,002.91 $0.00 $443.94 $79,963.03
67 $79,963.03 $1,002.91 $0.00 $452.12 $81,418.06
68 $81,418.06 $1,002.91 $0.00 $460.35 $82,881.32
69 $82,881.32 $1,002.91 $0.00 $468.62 $84,352.85
70 $84,352.85 $1,002.91 $0.00 $476.94 $85,832.70
71 $85,832.70 $1,002.91 $0.00 $485.31 $87,320.92
72 $87,320.92 $1,002.91 $0.00 $493.73 $88,817.56
73 $88,817.56 $1,002.91 $0.00 $502.19 $90,322.66
74 $90,322.66 $1,002.91 $0.00 $510.70 $91,836.27
75 $91,836.27 $1,002.91 $0.00 $519.26 $93,358.44
76 $93,358.44 $1,002.91 $0.00 $527.86 $94,889.21
77 $94,889.21 $1,002.91 $0.00 $536.52 $96,428.64
78 $96,428.64 $1,002.91 $0.00 $545.22 $97,976.77
79 $97,976.77 $1,002.91 $0.00 $553.97 $99,533.65
80 $99,533.65 $1,002.91 $0.00 $562.78 $101,099.34
81 $101,099.34 $1,002.91 $0.00 $571.63 $102,673.88
82 $102,673.88 $1,002.91 $0.00 $580.53 $104,257.32
83 $104,257.32 $1,002.91 $0.00 $589.49 $105,849.72
84 $105,849.72 $1,002.91 $0.00 $598.49 $107,451.12
85 $107,451.12 $1,002.91 $0.00 $607.54 $109,061.57
86 $109,061.57 $1,002.91 $0.00 $616.65 $110,681.13
87 $110,681.13 $1,002.91 $0.00 $625.81 $112,309.85
88 $112,309.85 $1,002.91 $0.00 $635.02 $113,947.78
89 $113,947.78 $1,002.91 $0.00 $644.28 $115,594.97
90 $115,594.97 $1,002.91 $0.00 $653.59 $117,251.47
91 $117,251.47 $1,002.91 $0.00 $662.96 $118,917.34
92 $118,917.34 $1,002.91 $0.00 $672.38 $120,592.63
93 $120,592.63 $1,002.91 $0.00 $681.85 $122,277.39
94 $122,277.39 $1,002.91 $0.00 $691.37 $123,971.67
95 $123,971.67 $1,002.91 $0.00 $700.95 $125,675.53
96 $125,675.53 $1,002.91 $0.00 $710.59 $127,389.03
97 $127,389.03 $1,002.91 $0.00 $720.28 $129,112.22
98 $129,112.22 $1,002.91 $0.00 $730.02 $130,845.15
99 $130,845.15 $1,002.91 $0.00 $739.82 $132,587.88
100 $132,587.88 $1,002.91 $0.00 $749.67 $134,340.46
101 $134,340.46 $1,002.91 $0.00 $759.58 $136,102.95
102 $136,102.95 $1,002.91 $0.00 $769.55 $137,875.41
103 $137,875.41 $1,002.91 $0.00 $779.57 $139,657.89
104 $139,657.89 $1,002.91 $0.00 $789.65 $141,450.45
105 $141,450.45 $1,002.91 $0.00 $799.78 $143,253.14
106 $143,253.14 $1,002.91 $0.00 $809.97 $145,066.02
107 $145,066.02 $1,002.91 $0.00 $820.22 $146,889.15
108 $146,889.15 $1,002.91 $0.00 $830.53 $148,722.59
109 $148,722.59 $1,002.91 $0.00 $840.90 $150,566.40
110 $150,566.40 $1,002.91 $0.00 $851.32 $152,420.63
111 $152,420.63 $1,002.91 $0.00 $861.81 $154,285.35
112 $154,285.35 $1,002.91 $0.00 $872.35 $156,160.61
113 $156,160.61 $1,002.91 $0.00 $882.95 $158,046.47
114 $158,046.47 $1,002.91 $0.00 $893.62 $159,943.00
115 $159,943.00 $1,002.91 $0.00 $904.34 $161,850.25
116 $161,850.25 $1,002.91 $0.00 $915.12 $163,768.28
117 $163,768.28 $1,002.91 $0.00 $925.97 $165,697.16
118 $165,697.16 $1,002.91 $0.00 $936.88 $167,636.95
119 $167,636.95 $1,002.91 $0.00 $947.84 $169,587.70
120 $169,587.70 $1,002.91 $0.00 $958.87 $171,549.48
121 $171,549.48 $1,002.91 $0.00 $969.97 $173,522.36
122 $173,522.36 $1,002.91 $0.00 $981.12 $175,506.39
123 $175,506.39 $1,002.91 $0.00 $992.34 $177,501.64
124 $177,501.64 $1,002.91 $0.00 $1,003.62 $179,508.17
125 $179,508.17 $1,002.91 $0.00 $1,014.97 $181,526.05
126 $181,526.05 $1,002.91 $0.00 $1,026.37 $183,555.33
127 $183,555.33 $1,002.91 $0.00 $1,037.85 $185,596.09
128 $185,596.09 $1,002.91 $0.00 $1,049.39 $187,648.39
129 $187,648.39 $1,002.91 $0.00 $1,060.99 $189,712.29
130 $189,712.29 $1,002.91 $0.00 $1,072.66 $191,787.86
131 $191,787.86 $1,002.91 $0.00 $1,084.40 $193,875.17
132 $193,875.17 $1,002.91 $0.00 $1,096.20 $195,974.28
133 $195,974.28 $1,002.91 $0.00 $1,108.07 $198,085.26
134 $198,085.26 $1,002.91 $0.00 $1,120.00 $200,208.17
135 $200,208.17 $1,002.91 $0.00 $1,132.01 $202,343.09
136 $202,343.09 $1,002.91 $0.00 $1,144.08 $204,490.08
137 $204,490.08 $1,002.91 $0.00 $1,156.22 $206,649.21
138 $206,649.21 $1,002.91 $0.00 $1,168.42 $208,820.54
139 $208,820.54 $1,002.91 $0.00 $1,180.70 $211,004.15
140 $211,004.15 $1,002.91 $0.00 $1,193.05 $213,200.11
141 $213,200.11 $1,002.91 $0.00 $1,205.46 $215,408.48
142 $215,408.48 $1,002.91 $0.00 $1,217.95 $217,629.34
143 $217,629.34 $1,002.91 $0.00 $1,230.51 $219,862.76
144 $219,862.76 $1,002.91 $0.00 $1,243.14 $222,108.81
145 $222,108.81 $1,002.91 $0.00 $1,255.84 $224,367.56
146 $224,367.56 $1,002.91 $0.00 $1,268.61 $226,639.08
147 $226,639.08 $1,002.91 $0.00 $1,281.45 $228,923.44
148 $228,923.44 $1,002.91 $0.00 $1,294.37 $231,220.72
149 $231,220.72 $1,002.91 $0.00 $1,307.36 $233,530.99
150 $233,530.99 $1,002.91 $0.00 $1,320.42 $235,854.32
151 $235,854.32 $1,002.91 $0.00 $1,333.55 $238,190.78
152 $238,190.78 $1,002.91 $0.00 $1,346.77 $240,540.46
153 $240,540.46 $1,002.91 $0.00 $1,360.05 $242,903.42
154 $242,903.42 $1,002.91 $0.00 $1,373.41 $245,279.74
155 $245,279.74 $1,002.91 $0.00 $1,386.85 $247,669.50
156 $247,669.50 $1,002.91 $0.00 $1,400.36 $250,072.77
157 $250,072.77 $1,002.91 $0.00 $1,413.95 $252,489.63
158 $252,489.63 $1,002.91 $0.00 $1,427.61 $254,920.15
159 $254,920.15 $1,002.91 $0.00 $1,441.36 $257,364.42
160 $257,364.42 $1,002.91 $0.00 $1,455.18 $259,822.51
161 $259,822.51 $1,002.91 $0.00 $1,469.07 $262,294.49
162 $262,294.49 $1,002.91 $0.00 $1,483.05 $264,780.45
163 $264,780.45 $1,002.91 $0.00 $1,497.11 $267,280.47
164 $267,280.47 $1,002.91 $0.00 $1,511.24 $269,794.62
165 $269,794.62 $1,002.91 $0.00 $1,525.46 $272,322.99
166 $272,322.99 $1,002.91 $0.00 $1,539.75 $274,865.65
167 $274,865.65 $1,002.91 $0.00 $1,554.13 $277,422.69
168 $277,422.69 $1,002.91 $0.00 $1,568.59 $279,994.19
169 $279,994.19 $1,002.91 $0.00 $1,583.13 $282,580.23
170 $282,580.23 $1,002.91 $0.00 $1,597.75 $285,180.89
171 $285,180.89 $1,002.91 $0.00 $1,612.45 $287,796.25
172 $287,796.25 $1,002.91 $0.00 $1,627.24 $290,426.40
173 $290,426.40 $1,002.91 $0.00 $1,642.11 $293,071.42
174 $293,071.42 $1,002.91 $0.00 $1,657.07 $295,731.40
175 $295,731.40 $1,002.91 $0.00 $1,672.11 $298,406.42
176 $298,406.42 $1,002.91 $0.00 $1,687.23 $301,096.56
177 $301,096.56 $1,002.91 $0.00 $1,702.44 $303,801.91
178 $303,801.91 $1,002.91 $0.00 $1,717.74 $306,522.56
179 $306,522.56 $1,002.91 $0.00 $1,733.12 $309,258.59
180 $309,258.59 $1,002.91 $0.00 $1,748.59 $312,010.09
181 $312,010.09 $1,002.91 $0.00 $1,764.15 $314,777.15
182 $314,777.15 $1,002.91 $0.00 $1,779.80 $317,559.86
183 $317,559.86 $1,002.91 $0.00 $1,795.53 $320,358.30
184 $320,358.30 $1,002.91 $0.00 $1,811.35 $323,172.56
185 $323,172.56 $1,002.91 $0.00 $1,827.26 $326,002.73
186 $326,002.73 $1,002.91 $0.00 $1,843.27 $328,848.91
187 $328,848.91 $1,002.91 $0.00 $1,859.36 $331,711.18
188 $331,711.18 $1,002.91 $0.00 $1,875.54 $334,589.63
189 $334,589.63 $1,002.91 $0.00 $1,891.82 $337,484.36
190 $337,484.36 $1,002.91 $0.00 $1,908.19 $340,395.46
191 $340,395.46 $1,002.91 $0.00 $1,924.65 $343,323.02
192 $343,323.02 $1,002.91 $0.00 $1,941.20 $346,267.13
193 $346,267.13 $1,002.91 $0.00 $1,957.84 $349,227.88
194 $349,227.88 $1,002.91 $0.00 $1,974.59 $352,205.38
195 $352,205.38 $1,002.91 $0.00 $1,991.42 $355,199.71
196 $355,199.71 $1,002.91 $0.00 $2,008.35 $358,210.97
197 $358,210.97 $1,002.91 $0.00 $2,025.38 $361,239.26
198 $361,239.26 $1,002.91 $0.00 $2,042.50 $364,284.67
199 $364,284.67 $1,002.91 $0.00 $2,059.72 $367,347.30
200 $367,347.30 $1,002.91 $0.00 $2,077.04 $370,427.25
201 $370,427.25 $1,002.91 $0.00 $2,094.45 $373,524.61
202 $373,524.61 $1,002.91 $0.00 $2,111.96 $376,639.48
203 $376,639.48 $1,002.91 $0.00 $2,129.57 $379,771.96
204 $379,771.96 $1,002.91 $0.00 $2,147.29 $382,922.16
205 $382,922.16 $1,002.91 $0.00 $2,165.10 $386,090.17
206 $386,090.17 $1,002.91 $0.00 $2,183.01 $389,276.09
207 $389,276.09 $1,002.91 $0.00 $2,201.02 $392,480.02
208 $392,480.02 $1,002.91 $0.00 $2,219.14 $395,702.07
209 $395,702.07 $1,002.91 $0.00 $2,237.36 $398,942.34
210 $398,942.34 $1,002.91 $0.00 $2,255.68 $402,200.93
211 $402,200.93 $1,002.91 $0.00 $2,274.10 $405,477.94
212 $405,477.94 $1,002.91 $0.00 $2,292.63 $408,773.48
213 $408,773.48 $1,002.91 $0.00 $2,311.26 $412,087.65
214 $412,087.65 $1,002.91 $0.00 $2,330.00 $415,420.56
215 $415,420.56 $1,002.91 $0.00 $2,348.85 $418,772.32
216 $418,772.32 $1,002.91 $0.00 $2,367.80 $422,143.03
217 $422,143.03 $1,002.91 $117,580.20 $2,386.86 $307,952.60
218 $307,952.60 $1,002.91 $0.00 $1,741.21 $310,696.72
219 $310,696.72 $1,002.91 $0.00 $1,756.72 $313,456.35
220 $313,456.35 $1,002.91 $0.00 $1,772.33 $316,231.59
221 $316,231.59 $1,002.91 $0.00 $1,788.02 $319,022.52
222 $319,022.52 $1,002.91 $0.00 $1,803.80 $321,829.23
223 $321,829.23 $1,002.91 $0.00 $1,819.67 $324,651.81
224 $324,651.81 $1,002.91 $0.00 $1,835.63 $327,490.35
225 $327,490.35 $1,002.91 $0.00 $1,851.68 $330,344.94
226 $330,344.94 $1,002.91 $0.00 $1,867.82 $333,215.67
227 $333,215.67 $1,002.91 $0.00 $1,884.05 $336,102.63
228 $336,102.63 $1,002.91 $0.00 $1,900.37 $339,005.91
229 $339,005.91 $1,002.91 $123,459.21 $1,916.79 $218,466.40
230 $218,466.40 $1,002.91 $0.00 $1,235.24 $220,704.55
231 $220,704.55 $1,002.91 $0.00 $1,247.90 $222,955.36
232 $222,955.36 $1,002.91 $0.00 $1,260.62 $225,218.89
233 $225,218.89 $1,002.91 $0.00 $1,273.42 $227,495.22
234 $227,495.22 $1,002.91 $0.00 $1,286.29 $229,784.42
235 $229,784.42 $1,002.91 $0.00 $1,299.23 $232,086.56
236 $232,086.56 $1,002.91 $0.00 $1,312.25 $234,401.72
237 $234,401.72 $1,002.91 $0.00 $1,325.34 $236,729.97
238 $236,729.97 $1,002.91 $0.00 $1,338.51 $239,071.39
239 $239,071.39 $1,002.91 $0.00 $1,351.74 $241,426.04
240 $241,426.04 $1,002.91 $0.00 $1,365.06 $243,794.01
241 $243,794.01 $1,002.91 $129,632.17 $1,378.45 $116,543.20
242 $116,543.20 $1,002.91 $0.00 $658.95 $118,205.06
243 $118,205.06 $1,002.91 $0.00 $668.35 $119,876.32
244 $119,876.32 $1,002.91 $0.00 $677.80 $121,557.03
245 $121,557.03 $1,002.91 $0.00 $687.30 $123,247.24
246 $123,247.24 $1,002.91 $0.00 $696.86 $124,947.01
247 $124,947.01 $1,002.91 $0.00 $706.47 $126,656.39
248 $126,656.39 $1,002.91 $0.00 $716.13 $128,375.43
249 $128,375.43 $1,002.91 $0.00 $725.85 $130,104.19
250 $130,104.19 $1,002.91 $0.00 $735.63 $131,842.73
251 $131,842.73 $1,002.91 $0.00 $745.46 $133,591.10
252 $133,591.10 $1,002.91 $0.00 $755.34 $135,349.35
253 $135,349.35 $0.00 $136,113.77 $765.28 $0.86