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 2039$123,284
Monthly savings required$976

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 $493,134.70 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $975.89 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$47,541.00
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 $975.89 $0.00 $0.00 $975.89
2 $975.89 $975.89 $0.00 $5.52 $1,957.30
3 $1,957.30 $975.89 $0.00 $11.07 $2,944.26
4 $2,944.26 $975.89 $0.00 $16.65 $3,936.80
5 $3,936.80 $975.89 $0.00 $22.26 $4,934.95
6 $4,934.95 $975.89 $0.00 $27.90 $5,938.74
7 $5,938.74 $975.89 $0.00 $33.58 $6,948.21
8 $6,948.21 $975.89 $0.00 $39.29 $7,963.39
9 $7,963.39 $975.89 $0.00 $45.03 $8,984.31
10 $8,984.31 $975.89 $0.00 $50.80 $10,011.00
11 $10,011.00 $975.89 $0.00 $56.60 $11,043.49
12 $11,043.49 $975.89 $0.00 $62.44 $12,081.82
13 $12,081.82 $975.89 $0.00 $68.31 $13,126.02
14 $13,126.02 $975.89 $0.00 $74.22 $14,176.13
15 $14,176.13 $975.89 $0.00 $80.15 $15,232.17
16 $15,232.17 $975.89 $0.00 $86.12 $16,294.18
17 $16,294.18 $975.89 $0.00 $92.13 $17,362.20
18 $17,362.20 $975.89 $0.00 $98.17 $18,436.26
19 $18,436.26 $975.89 $0.00 $104.24 $19,516.39
20 $19,516.39 $975.89 $0.00 $110.35 $20,602.63
21 $20,602.63 $975.89 $0.00 $116.49 $21,695.01
22 $21,695.01 $975.89 $0.00 $122.67 $22,793.57
23 $22,793.57 $975.89 $0.00 $128.88 $23,898.34
24 $23,898.34 $975.89 $0.00 $135.12 $25,009.35
25 $25,009.35 $975.89 $0.00 $141.41 $26,126.65
26 $26,126.65 $975.89 $0.00 $147.72 $27,250.26
27 $27,250.26 $975.89 $0.00 $154.08 $28,380.23
28 $28,380.23 $975.89 $0.00 $160.47 $29,516.59
29 $29,516.59 $975.89 $0.00 $166.89 $30,659.37
30 $30,659.37 $975.89 $0.00 $173.35 $31,808.61
31 $31,808.61 $975.89 $0.00 $179.85 $32,964.35
32 $32,964.35 $975.89 $0.00 $186.39 $34,126.63
33 $34,126.63 $975.89 $0.00 $192.96 $35,295.48
34 $35,295.48 $975.89 $0.00 $199.57 $36,470.94
35 $36,470.94 $975.89 $0.00 $206.21 $37,653.04
36 $37,653.04 $975.89 $0.00 $212.90 $38,841.83
37 $38,841.83 $975.89 $0.00 $219.62 $40,037.34
38 $40,037.34 $975.89 $0.00 $226.38 $41,239.61
39 $41,239.61 $975.89 $0.00 $233.17 $42,448.67
40 $42,448.67 $975.89 $0.00 $240.01 $43,664.57
41 $43,664.57 $975.89 $0.00 $246.89 $44,887.35
42 $44,887.35 $975.89 $0.00 $253.80 $46,117.04
43 $46,117.04 $975.89 $0.00 $260.75 $47,353.68
44 $47,353.68 $975.89 $0.00 $267.74 $48,597.31
45 $48,597.31 $975.89 $0.00 $274.78 $49,847.98
46 $49,847.98 $975.89 $0.00 $281.85 $51,105.72
47 $51,105.72 $975.89 $0.00 $288.96 $52,370.57
48 $52,370.57 $975.89 $0.00 $296.11 $53,642.57
49 $53,642.57 $975.89 $0.00 $303.30 $54,921.76
50 $54,921.76 $975.89 $0.00 $310.54 $56,208.19
51 $56,208.19 $975.89 $0.00 $317.81 $57,501.89
52 $57,501.89 $975.89 $0.00 $325.12 $58,802.90
53 $58,802.90 $975.89 $0.00 $332.48 $60,111.27
54 $60,111.27 $975.89 $0.00 $339.88 $61,427.04
55 $61,427.04 $975.89 $0.00 $347.32 $62,750.25
56 $62,750.25 $975.89 $0.00 $354.80 $64,080.94
57 $64,080.94 $975.89 $0.00 $362.32 $65,419.15
58 $65,419.15 $975.89 $0.00 $369.89 $66,764.93
59 $66,764.93 $975.89 $0.00 $377.50 $68,118.32
60 $68,118.32 $975.89 $0.00 $385.15 $69,479.36
61 $69,479.36 $975.89 $0.00 $392.85 $70,848.10
62 $70,848.10 $975.89 $0.00 $400.59 $72,224.58
63 $72,224.58 $975.89 $0.00 $408.37 $73,608.84
64 $73,608.84 $975.89 $0.00 $416.20 $75,000.93
65 $75,000.93 $975.89 $0.00 $424.07 $76,400.89
66 $76,400.89 $975.89 $0.00 $431.98 $77,808.76
67 $77,808.76 $975.89 $0.00 $439.94 $79,224.59
68 $79,224.59 $975.89 $0.00 $447.95 $80,648.43
69 $80,648.43 $975.89 $0.00 $456.00 $82,080.32
70 $82,080.32 $975.89 $0.00 $464.09 $83,520.30
71 $83,520.30 $975.89 $0.00 $472.24 $84,968.43
72 $84,968.43 $975.89 $0.00 $480.42 $86,424.74
73 $86,424.74 $975.89 $0.00 $488.66 $87,889.29
74 $87,889.29 $975.89 $0.00 $496.94 $89,362.12
75 $89,362.12 $975.89 $0.00 $505.27 $90,843.28
76 $90,843.28 $975.89 $0.00 $513.64 $92,332.81
77 $92,332.81 $975.89 $0.00 $522.06 $93,830.76
78 $93,830.76 $975.89 $0.00 $530.53 $95,337.18
79 $95,337.18 $975.89 $0.00 $539.05 $96,852.12
80 $96,852.12 $975.89 $0.00 $547.62 $98,375.63
81 $98,375.63 $975.89 $0.00 $556.23 $99,907.75
82 $99,907.75 $975.89 $0.00 $564.89 $101,448.53
83 $101,448.53 $975.89 $0.00 $573.60 $102,998.02
84 $102,998.02 $975.89 $0.00 $582.37 $104,556.28
85 $104,556.28 $975.89 $0.00 $591.18 $106,123.35
86 $106,123.35 $975.89 $0.00 $600.04 $107,699.28
87 $107,699.28 $975.89 $0.00 $608.95 $109,284.12
88 $109,284.12 $975.89 $0.00 $617.91 $110,877.92
89 $110,877.92 $975.89 $0.00 $626.92 $112,480.73
90 $112,480.73 $975.89 $0.00 $635.98 $114,092.60
91 $114,092.60 $975.89 $0.00 $645.10 $115,713.59
92 $115,713.59 $975.89 $0.00 $654.26 $117,343.74
93 $117,343.74 $975.89 $0.00 $663.48 $118,983.11
94 $118,983.11 $975.89 $0.00 $672.75 $120,631.75
95 $120,631.75 $975.89 $0.00 $682.07 $122,289.71
96 $122,289.71 $975.89 $0.00 $691.44 $123,957.04
97 $123,957.04 $975.89 $0.00 $700.87 $125,633.80
98 $125,633.80 $975.89 $0.00 $710.35 $127,320.04
99 $127,320.04 $975.89 $0.00 $719.89 $129,015.82
100 $129,015.82 $975.89 $0.00 $729.47 $130,721.18
101 $130,721.18 $975.89 $0.00 $739.12 $132,436.19
102 $132,436.19 $975.89 $0.00 $748.81 $134,160.89
103 $134,160.89 $975.89 $0.00 $758.57 $135,895.35
104 $135,895.35 $975.89 $0.00 $768.37 $137,639.61
105 $137,639.61 $975.89 $0.00 $778.23 $139,393.73
106 $139,393.73 $975.89 $0.00 $788.15 $141,157.77
107 $141,157.77 $975.89 $0.00 $798.13 $142,931.79
108 $142,931.79 $975.89 $0.00 $808.16 $144,715.84
109 $144,715.84 $975.89 $0.00 $818.24 $146,509.97
110 $146,509.97 $975.89 $0.00 $828.39 $148,314.25
111 $148,314.25 $975.89 $0.00 $838.59 $150,128.73
112 $150,128.73 $975.89 $0.00 $848.85 $151,953.47
113 $151,953.47 $975.89 $0.00 $859.17 $153,788.53
114 $153,788.53 $975.89 $0.00 $869.54 $155,633.96
115 $155,633.96 $975.89 $0.00 $879.98 $157,489.83
116 $157,489.83 $975.89 $0.00 $890.47 $159,356.19
117 $159,356.19 $975.89 $0.00 $901.02 $161,233.10
118 $161,233.10 $975.89 $0.00 $911.64 $163,120.63
119 $163,120.63 $975.89 $0.00 $922.31 $165,018.83
120 $165,018.83 $975.89 $0.00 $933.04 $166,927.76
121 $166,927.76 $975.89 $0.00 $943.83 $168,847.48
122 $168,847.48 $975.89 $0.00 $954.69 $170,778.06
123 $170,778.06 $975.89 $0.00 $965.60 $172,719.55
124 $172,719.55 $975.89 $0.00 $976.58 $174,672.02
125 $174,672.02 $975.89 $0.00 $987.62 $176,635.53
126 $176,635.53 $975.89 $0.00 $998.72 $178,610.14
127 $178,610.14 $975.89 $0.00 $1,009.89 $180,595.92
128 $180,595.92 $975.89 $0.00 $1,021.12 $182,592.93
129 $182,592.93 $975.89 $0.00 $1,032.41 $184,601.23
130 $184,601.23 $975.89 $0.00 $1,043.76 $186,620.88
131 $186,620.88 $975.89 $0.00 $1,055.18 $188,651.95
132 $188,651.95 $975.89 $0.00 $1,066.67 $190,694.51
133 $190,694.51 $975.89 $0.00 $1,078.21 $192,748.61
134 $192,748.61 $975.89 $0.00 $1,089.83 $194,814.33
135 $194,814.33 $975.89 $0.00 $1,101.51 $196,891.73
136 $196,891.73 $975.89 $0.00 $1,113.25 $198,980.87
137 $198,980.87 $975.89 $0.00 $1,125.07 $201,081.83
138 $201,081.83 $975.89 $0.00 $1,136.95 $203,194.67
139 $203,194.67 $975.89 $0.00 $1,148.89 $205,319.45
140 $205,319.45 $975.89 $0.00 $1,160.91 $207,456.25
141 $207,456.25 $975.89 $0.00 $1,172.99 $209,605.13
142 $209,605.13 $975.89 $0.00 $1,185.14 $211,766.16
143 $211,766.16 $975.89 $0.00 $1,197.36 $213,939.41
144 $213,939.41 $975.89 $0.00 $1,209.64 $216,124.94
145 $216,124.94 $975.89 $0.00 $1,222.00 $218,322.83
146 $218,322.83 $975.89 $0.00 $1,234.43 $220,533.15
147 $220,533.15 $975.89 $0.00 $1,246.93 $222,755.97
148 $222,755.97 $975.89 $0.00 $1,259.49 $224,991.35
149 $224,991.35 $975.89 $0.00 $1,272.13 $227,239.37
150 $227,239.37 $975.89 $0.00 $1,284.84 $229,500.10
151 $229,500.10 $975.89 $0.00 $1,297.63 $231,773.62
152 $231,773.62 $975.89 $0.00 $1,310.48 $234,059.99
153 $234,059.99 $975.89 $0.00 $1,323.41 $236,359.29
154 $236,359.29 $975.89 $0.00 $1,336.41 $238,671.59
155 $238,671.59 $975.89 $0.00 $1,349.48 $240,996.96
156 $240,996.96 $975.89 $0.00 $1,362.63 $243,335.48
157 $243,335.48 $975.89 $0.00 $1,375.85 $245,687.22
158 $245,687.22 $975.89 $0.00 $1,389.15 $248,052.26
159 $248,052.26 $975.89 $0.00 $1,402.52 $250,430.67
160 $250,430.67 $975.89 $0.00 $1,415.97 $252,822.53
161 $252,822.53 $975.89 $0.00 $1,429.50 $255,227.92
162 $255,227.92 $975.89 $0.00 $1,443.10 $257,646.91
163 $257,646.91 $975.89 $0.00 $1,456.77 $260,079.57
164 $260,079.57 $975.89 $0.00 $1,470.53 $262,525.99
165 $262,525.99 $975.89 $0.00 $1,484.36 $264,986.24
166 $264,986.24 $975.89 $0.00 $1,498.27 $267,460.40
167 $267,460.40 $975.89 $0.00 $1,512.26 $269,948.55
168 $269,948.55 $975.89 $0.00 $1,526.33 $272,450.77
169 $272,450.77 $975.89 $0.00 $1,540.48 $274,967.14
170 $274,967.14 $975.89 $0.00 $1,554.70 $277,497.73
171 $277,497.73 $975.89 $0.00 $1,569.01 $280,042.63
172 $280,042.63 $975.89 $0.00 $1,583.40 $282,601.92
173 $282,601.92 $975.89 $0.00 $1,597.87 $285,175.68
174 $285,175.68 $975.89 $0.00 $1,612.42 $287,763.99
175 $287,763.99 $975.89 $0.00 $1,627.06 $290,366.94
176 $290,366.94 $975.89 $0.00 $1,641.78 $292,984.61
177 $292,984.61 $975.89 $0.00 $1,656.58 $295,617.08
178 $295,617.08 $975.89 $0.00 $1,671.46 $298,264.43
179 $298,264.43 $975.89 $0.00 $1,686.43 $300,926.75
180 $300,926.75 $975.89 $0.00 $1,701.48 $303,604.12
181 $303,604.12 $975.89 $0.00 $1,716.62 $306,296.63
182 $306,296.63 $975.89 $0.00 $1,731.85 $309,004.37
183 $309,004.37 $975.89 $0.00 $1,747.16 $311,727.42
184 $311,727.42 $975.89 $0.00 $1,762.55 $314,465.86
185 $314,465.86 $975.89 $0.00 $1,778.04 $317,219.79
186 $317,219.79 $975.89 $0.00 $1,793.61 $319,989.29
187 $319,989.29 $975.89 $0.00 $1,809.27 $322,774.45
188 $322,774.45 $975.89 $0.00 $1,825.01 $325,575.35
189 $325,575.35 $975.89 $0.00 $1,840.85 $328,392.09
190 $328,392.09 $975.89 $0.00 $1,856.78 $331,224.76
191 $331,224.76 $975.89 $0.00 $1,872.79 $334,073.44
192 $334,073.44 $975.89 $0.00 $1,888.90 $336,938.23
193 $336,938.23 $975.89 $0.00 $1,905.10 $339,819.22
194 $339,819.22 $975.89 $0.00 $1,921.39 $342,716.50
195 $342,716.50 $975.89 $0.00 $1,937.77 $345,630.16
196 $345,630.16 $975.89 $0.00 $1,954.24 $348,560.29
197 $348,560.29 $975.89 $0.00 $1,970.81 $351,506.99
198 $351,506.99 $975.89 $0.00 $1,987.47 $354,470.35
199 $354,470.35 $975.89 $0.00 $2,004.23 $357,450.47
200 $357,450.47 $975.89 $0.00 $2,021.08 $360,447.44
201 $360,447.44 $975.89 $0.00 $2,038.02 $363,461.35
202 $363,461.35 $975.89 $0.00 $2,055.06 $366,492.30
203 $366,492.30 $975.89 $0.00 $2,072.20 $369,540.39
204 $369,540.39 $975.89 $0.00 $2,089.44 $372,605.72
205 $372,605.72 $975.89 $0.00 $2,106.77 $375,688.38
206 $375,688.38 $975.89 $0.00 $2,124.20 $378,788.47
207 $378,788.47 $975.89 $0.00 $2,141.73 $381,906.09
208 $381,906.09 $975.89 $0.00 $2,159.35 $385,041.33
209 $385,041.33 $975.89 $0.00 $2,177.08 $388,194.30
210 $388,194.30 $975.89 $0.00 $2,194.91 $391,365.10
211 $391,365.10 $975.89 $0.00 $2,212.84 $394,553.83
212 $394,553.83 $975.89 $0.00 $2,230.86 $397,760.58
213 $397,760.58 $975.89 $0.00 $2,249.00 $400,985.47
214 $400,985.47 $975.89 $0.00 $2,267.23 $404,228.59
215 $404,228.59 $975.89 $0.00 $2,285.57 $407,490.05
216 $407,490.05 $975.89 $0.00 $2,304.01 $410,769.95
217 $410,769.95 $975.89 $114,413.08 $2,322.55 $299,655.31
218 $299,655.31 $975.89 $0.00 $1,694.29 $302,325.49
219 $302,325.49 $975.89 $0.00 $1,709.39 $305,010.77
220 $305,010.77 $975.89 $0.00 $1,724.58 $307,711.24
221 $307,711.24 $975.89 $0.00 $1,739.84 $310,426.97
222 $310,426.97 $975.89 $0.00 $1,755.20 $313,158.06
223 $313,158.06 $975.89 $0.00 $1,770.64 $315,904.59
224 $315,904.59 $975.89 $0.00 $1,786.17 $318,666.65
225 $318,666.65 $975.89 $0.00 $1,801.79 $321,444.33
226 $321,444.33 $975.89 $0.00 $1,817.49 $324,237.71
227 $324,237.71 $975.89 $0.00 $1,833.29 $327,046.89
228 $327,046.89 $975.89 $0.00 $1,849.17 $329,871.95
229 $329,871.95 $975.89 $120,133.74 $1,865.14 $212,579.24
230 $212,579.24 $975.89 $0.00 $1,201.95 $214,757.08
231 $214,757.08 $975.89 $0.00 $1,214.27 $216,947.24
232 $216,947.24 $975.89 $0.00 $1,226.65 $219,149.78
233 $219,149.78 $975.89 $0.00 $1,239.10 $221,364.77
234 $221,364.77 $975.89 $0.00 $1,251.63 $223,592.29
235 $223,592.29 $975.89 $0.00 $1,264.22 $225,832.40
236 $225,832.40 $975.89 $0.00 $1,276.89 $228,085.18
237 $228,085.18 $975.89 $0.00 $1,289.63 $230,350.70
238 $230,350.70 $975.89 $0.00 $1,302.44 $232,629.03
239 $232,629.03 $975.89 $0.00 $1,315.32 $234,920.24
240 $234,920.24 $975.89 $0.00 $1,328.27 $237,224.40
241 $237,224.40 $975.89 $126,140.43 $1,341.30 $113,401.16
242 $113,401.16 $975.89 $0.00 $641.19 $115,018.24
243 $115,018.24 $975.89 $0.00 $650.33 $116,644.46
244 $116,644.46 $975.89 $0.00 $659.52 $118,279.87
245 $118,279.87 $975.89 $0.00 $668.77 $119,924.53
246 $119,924.53 $975.89 $0.00 $678.07 $121,578.49
247 $121,578.49 $975.89 $0.00 $687.42 $123,241.80
248 $123,241.80 $975.89 $0.00 $696.83 $124,914.52
249 $124,914.52 $975.89 $0.00 $706.28 $126,596.69
250 $126,596.69 $975.89 $0.00 $715.80 $128,288.38
251 $128,288.38 $975.89 $0.00 $725.36 $129,989.63
252 $129,989.63 $975.89 $0.00 $734.98 $131,700.50
253 $131,700.50 $0.00 $132,447.45 $744.65 ($2.30)