Savings Plan and Future Cost Estimation for Judson University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$172,577
Monthly savings required$1,364

How much will it cost to send your child to Judson University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $690,308.51 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,363.91 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$46,000.00
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 $1,363.91 $0.00 $0.00 $1,363.91
2 $1,363.91 $1,363.91 $0.00 $7.71 $2,735.53
3 $2,735.53 $1,363.91 $0.00 $15.47 $4,114.91
4 $4,114.91 $1,363.91 $0.00 $23.27 $5,502.09
5 $5,502.09 $1,363.91 $0.00 $31.11 $6,897.11
6 $6,897.11 $1,363.91 $0.00 $39.00 $8,300.02
7 $8,300.02 $1,363.91 $0.00 $46.93 $9,710.86
8 $9,710.86 $1,363.91 $0.00 $54.91 $11,129.68
9 $11,129.68 $1,363.91 $0.00 $62.93 $12,556.52
10 $12,556.52 $1,363.91 $0.00 $71.00 $13,991.43
11 $13,991.43 $1,363.91 $0.00 $79.11 $15,434.45
12 $15,434.45 $1,363.91 $0.00 $87.27 $16,885.63
13 $16,885.63 $1,363.91 $0.00 $95.47 $18,345.01
14 $18,345.01 $1,363.91 $0.00 $103.73 $19,812.65
15 $19,812.65 $1,363.91 $0.00 $112.02 $21,288.58
16 $21,288.58 $1,363.91 $0.00 $120.37 $22,772.86
17 $22,772.86 $1,363.91 $0.00 $128.76 $24,265.53
18 $24,265.53 $1,363.91 $0.00 $137.20 $25,766.64
19 $25,766.64 $1,363.91 $0.00 $145.69 $27,276.24
20 $27,276.24 $1,363.91 $0.00 $154.22 $28,794.37
21 $28,794.37 $1,363.91 $0.00 $162.81 $30,321.09
22 $30,321.09 $1,363.91 $0.00 $171.44 $31,856.44
23 $31,856.44 $1,363.91 $0.00 $180.12 $33,400.47
24 $33,400.47 $1,363.91 $0.00 $188.85 $34,953.23
25 $34,953.23 $1,363.91 $0.00 $197.63 $36,514.77
26 $36,514.77 $1,363.91 $0.00 $206.46 $38,085.14
27 $38,085.14 $1,363.91 $0.00 $215.34 $39,664.39
28 $39,664.39 $1,363.91 $0.00 $224.27 $41,252.57
29 $41,252.57 $1,363.91 $0.00 $233.25 $42,849.73
30 $42,849.73 $1,363.91 $0.00 $242.28 $44,455.92
31 $44,455.92 $1,363.91 $0.00 $251.36 $46,071.19
32 $46,071.19 $1,363.91 $0.00 $260.49 $47,695.59
33 $47,695.59 $1,363.91 $0.00 $269.68 $49,329.18
34 $49,329.18 $1,363.91 $0.00 $278.91 $50,972.00
35 $50,972.00 $1,363.91 $0.00 $288.20 $52,624.11
36 $52,624.11 $1,363.91 $0.00 $297.54 $54,285.56
37 $54,285.56 $1,363.91 $0.00 $306.94 $55,956.41
38 $55,956.41 $1,363.91 $0.00 $316.39 $57,636.71
39 $57,636.71 $1,363.91 $0.00 $325.89 $59,326.51
40 $59,326.51 $1,363.91 $0.00 $335.44 $61,025.86
41 $61,025.86 $1,363.91 $0.00 $345.05 $62,734.82
42 $62,734.82 $1,363.91 $0.00 $354.71 $64,453.44
43 $64,453.44 $1,363.91 $0.00 $364.43 $66,181.78
44 $66,181.78 $1,363.91 $0.00 $374.20 $67,919.89
45 $67,919.89 $1,363.91 $0.00 $384.03 $69,667.83
46 $69,667.83 $1,363.91 $0.00 $393.91 $71,425.65
47 $71,425.65 $1,363.91 $0.00 $403.85 $73,193.41
48 $73,193.41 $1,363.91 $0.00 $413.85 $74,971.17
49 $74,971.17 $1,363.91 $0.00 $423.90 $76,758.98
50 $76,758.98 $1,363.91 $0.00 $434.01 $78,556.90
51 $78,556.90 $1,363.91 $0.00 $444.17 $80,364.98
52 $80,364.98 $1,363.91 $0.00 $454.40 $82,183.29
53 $82,183.29 $1,363.91 $0.00 $464.68 $84,011.88
54 $84,011.88 $1,363.91 $0.00 $475.02 $85,850.81
55 $85,850.81 $1,363.91 $0.00 $485.41 $87,700.13
56 $87,700.13 $1,363.91 $0.00 $495.87 $89,559.91
57 $89,559.91 $1,363.91 $0.00 $506.38 $91,430.20
58 $91,430.20 $1,363.91 $0.00 $516.96 $93,311.07
59 $93,311.07 $1,363.91 $0.00 $527.59 $95,202.57
60 $95,202.57 $1,363.91 $0.00 $538.29 $97,104.77
61 $97,104.77 $1,363.91 $0.00 $549.04 $99,017.72
62 $99,017.72 $1,363.91 $0.00 $559.86 $100,941.49
63 $100,941.49 $1,363.91 $0.00 $570.74 $102,876.14
64 $102,876.14 $1,363.91 $0.00 $581.68 $104,821.73
65 $104,821.73 $1,363.91 $0.00 $592.68 $106,778.32
66 $106,778.32 $1,363.91 $0.00 $603.74 $108,745.97
67 $108,745.97 $1,363.91 $0.00 $614.87 $110,724.75
68 $110,724.75 $1,363.91 $0.00 $626.05 $112,714.71
69 $112,714.71 $1,363.91 $0.00 $637.31 $114,715.93
70 $114,715.93 $1,363.91 $0.00 $648.62 $116,728.46
71 $116,728.46 $1,363.91 $0.00 $660.00 $118,752.37
72 $118,752.37 $1,363.91 $0.00 $671.44 $120,787.72
73 $120,787.72 $1,363.91 $0.00 $682.95 $122,834.58
74 $122,834.58 $1,363.91 $0.00 $694.52 $124,893.01
75 $124,893.01 $1,363.91 $0.00 $706.16 $126,963.08
76 $126,963.08 $1,363.91 $0.00 $717.87 $129,044.86
77 $129,044.86 $1,363.91 $0.00 $729.64 $131,138.41
78 $131,138.41 $1,363.91 $0.00 $741.48 $133,243.80
79 $133,243.80 $1,363.91 $0.00 $753.38 $135,361.09
80 $135,361.09 $1,363.91 $0.00 $765.35 $137,490.35
81 $137,490.35 $1,363.91 $0.00 $777.39 $139,631.65
82 $139,631.65 $1,363.91 $0.00 $789.50 $141,785.06
83 $141,785.06 $1,363.91 $0.00 $801.67 $143,950.64
84 $143,950.64 $1,363.91 $0.00 $813.92 $146,128.47
85 $146,128.47 $1,363.91 $0.00 $826.23 $148,318.61
86 $148,318.61 $1,363.91 $0.00 $838.61 $150,521.13
87 $150,521.13 $1,363.91 $0.00 $851.07 $152,736.11
88 $152,736.11 $1,363.91 $0.00 $863.59 $154,963.61
89 $154,963.61 $1,363.91 $0.00 $876.19 $157,203.71
90 $157,203.71 $1,363.91 $0.00 $888.85 $159,456.47
91 $159,456.47 $1,363.91 $0.00 $901.59 $161,721.97
92 $161,721.97 $1,363.91 $0.00 $914.40 $164,000.28
93 $164,000.28 $1,363.91 $0.00 $927.28 $166,291.47
94 $166,291.47 $1,363.91 $0.00 $940.24 $168,595.62
95 $168,595.62 $1,363.91 $0.00 $953.26 $170,912.79
96 $170,912.79 $1,363.91 $0.00 $966.37 $173,243.07
97 $173,243.07 $1,363.91 $0.00 $979.54 $175,586.52
98 $175,586.52 $1,363.91 $0.00 $992.79 $177,943.22
99 $177,943.22 $1,363.91 $0.00 $1,006.12 $180,313.25
100 $180,313.25 $1,363.91 $0.00 $1,019.52 $182,696.68
101 $182,696.68 $1,363.91 $0.00 $1,032.99 $185,093.58
102 $185,093.58 $1,363.91 $0.00 $1,046.55 $187,504.04
103 $187,504.04 $1,363.91 $0.00 $1,060.18 $189,928.13
104 $189,928.13 $1,363.91 $0.00 $1,073.88 $192,365.92
105 $192,365.92 $1,363.91 $0.00 $1,087.66 $194,817.49
106 $194,817.49 $1,363.91 $0.00 $1,101.53 $197,282.93
107 $197,282.93 $1,363.91 $0.00 $1,115.47 $199,762.31
108 $199,762.31 $1,363.91 $0.00 $1,129.49 $202,255.71
109 $202,255.71 $1,363.91 $0.00 $1,143.58 $204,763.20
110 $204,763.20 $1,363.91 $0.00 $1,157.76 $207,284.87
111 $207,284.87 $1,363.91 $0.00 $1,172.02 $209,820.80
112 $209,820.80 $1,363.91 $0.00 $1,186.36 $212,371.07
113 $212,371.07 $1,363.91 $0.00 $1,200.78 $214,935.76
114 $214,935.76 $1,363.91 $0.00 $1,215.28 $217,514.95
115 $217,514.95 $1,363.91 $0.00 $1,229.86 $220,108.72
116 $220,108.72 $1,363.91 $0.00 $1,244.53 $222,717.16
117 $222,717.16 $1,363.91 $0.00 $1,259.28 $225,340.35
118 $225,340.35 $1,363.91 $0.00 $1,274.11 $227,978.37
119 $227,978.37 $1,363.91 $0.00 $1,289.02 $230,631.30
120 $230,631.30 $1,363.91 $0.00 $1,304.02 $233,299.23
121 $233,299.23 $1,363.91 $0.00 $1,319.11 $235,982.25
122 $235,982.25 $1,363.91 $0.00 $1,334.28 $238,680.44
123 $238,680.44 $1,363.91 $0.00 $1,349.53 $241,393.88
124 $241,393.88 $1,363.91 $0.00 $1,364.88 $244,122.67
125 $244,122.67 $1,363.91 $0.00 $1,380.31 $246,866.89
126 $246,866.89 $1,363.91 $0.00 $1,395.82 $249,626.62
127 $249,626.62 $1,363.91 $0.00 $1,411.43 $252,401.96
128 $252,401.96 $1,363.91 $0.00 $1,427.12 $255,192.99
129 $255,192.99 $1,363.91 $0.00 $1,442.90 $257,999.80
130 $257,999.80 $1,363.91 $0.00 $1,458.77 $260,822.48
131 $260,822.48 $1,363.91 $0.00 $1,474.73 $263,661.12
132 $263,661.12 $1,363.91 $0.00 $1,490.78 $266,515.81
133 $266,515.81 $1,363.91 $0.00 $1,506.92 $269,386.64
134 $269,386.64 $1,363.91 $0.00 $1,523.15 $272,273.70
135 $272,273.70 $1,363.91 $0.00 $1,539.48 $275,177.09
136 $275,177.09 $1,363.91 $0.00 $1,555.89 $278,096.89
137 $278,096.89 $1,363.91 $0.00 $1,572.40 $281,033.20
138 $281,033.20 $1,363.91 $0.00 $1,589.00 $283,986.11
139 $283,986.11 $1,363.91 $0.00 $1,605.70 $286,955.72
140 $286,955.72 $1,363.91 $0.00 $1,622.49 $289,942.12
141 $289,942.12 $1,363.91 $0.00 $1,639.37 $292,945.40
142 $292,945.40 $1,363.91 $0.00 $1,656.36 $295,965.67
143 $295,965.67 $1,363.91 $0.00 $1,673.43 $299,003.01
144 $299,003.01 $1,363.91 $0.00 $1,690.61 $302,057.53
145 $302,057.53 $1,363.91 $0.00 $1,707.88 $305,129.32
146 $305,129.32 $1,363.91 $0.00 $1,725.25 $308,218.48
147 $308,218.48 $1,363.91 $0.00 $1,742.71 $311,325.10
148 $311,325.10 $1,363.91 $0.00 $1,760.28 $314,449.29
149 $314,449.29 $1,363.91 $0.00 $1,777.94 $317,591.14
150 $317,591.14 $1,363.91 $0.00 $1,795.71 $320,750.76
151 $320,750.76 $1,363.91 $0.00 $1,813.57 $323,928.24
152 $323,928.24 $1,363.91 $0.00 $1,831.54 $327,123.69
153 $327,123.69 $1,363.91 $0.00 $1,849.60 $330,337.20
154 $330,337.20 $1,363.91 $0.00 $1,867.77 $333,568.88
155 $333,568.88 $1,363.91 $0.00 $1,886.05 $336,818.84
156 $336,818.84 $1,363.91 $0.00 $1,904.42 $340,087.17
157 $340,087.17 $1,363.91 $0.00 $1,922.90 $343,373.98
158 $343,373.98 $1,363.91 $0.00 $1,941.49 $346,679.38
159 $346,679.38 $1,363.91 $0.00 $1,960.18 $350,003.47
160 $350,003.47 $1,363.91 $0.00 $1,978.97 $353,346.35
161 $353,346.35 $1,363.91 $0.00 $1,997.87 $356,708.13
162 $356,708.13 $1,363.91 $0.00 $2,016.88 $360,088.92
163 $360,088.92 $1,363.91 $0.00 $2,036.00 $363,488.83
164 $363,488.83 $1,363.91 $0.00 $2,055.22 $366,907.96
165 $366,907.96 $1,363.91 $0.00 $2,074.55 $370,346.42
166 $370,346.42 $1,363.91 $0.00 $2,093.99 $373,804.32
167 $373,804.32 $1,363.91 $0.00 $2,113.54 $377,281.77
168 $377,281.77 $1,363.91 $0.00 $2,133.21 $380,778.89
169 $380,778.89 $1,363.91 $0.00 $2,152.98 $384,295.78
170 $384,295.78 $1,363.91 $0.00 $2,172.86 $387,832.55
171 $387,832.55 $1,363.91 $0.00 $2,192.86 $391,389.32
172 $391,389.32 $1,363.91 $0.00 $2,212.97 $394,966.20
173 $394,966.20 $1,363.91 $0.00 $2,233.20 $398,563.31
174 $398,563.31 $1,363.91 $0.00 $2,253.53 $402,180.75
175 $402,180.75 $1,363.91 $0.00 $2,273.99 $405,818.65
176 $405,818.65 $1,363.91 $0.00 $2,294.56 $409,477.12
177 $409,477.12 $1,363.91 $0.00 $2,315.24 $413,156.27
178 $413,156.27 $1,363.91 $0.00 $2,336.05 $416,856.23
179 $416,856.23 $1,363.91 $0.00 $2,356.97 $420,577.11
180 $420,577.11 $1,363.91 $0.00 $2,378.00 $424,319.02
181 $424,319.02 $1,363.91 $0.00 $2,399.16 $428,082.09
182 $428,082.09 $1,363.91 $0.00 $2,420.44 $431,866.44
183 $431,866.44 $1,363.91 $0.00 $2,441.84 $435,672.19
184 $435,672.19 $1,363.91 $0.00 $2,463.35 $439,499.45
185 $439,499.45 $1,363.91 $0.00 $2,484.99 $443,348.35
186 $443,348.35 $1,363.91 $0.00 $2,506.76 $447,219.02
187 $447,219.02 $1,363.91 $0.00 $2,528.64 $451,111.57
188 $451,111.57 $1,363.91 $0.00 $2,550.65 $455,026.13
189 $455,026.13 $1,363.91 $0.00 $2,572.78 $458,962.82
190 $458,962.82 $1,363.91 $0.00 $2,595.04 $462,921.77
191 $462,921.77 $1,363.91 $0.00 $2,617.43 $466,903.11
192 $466,903.11 $1,363.91 $0.00 $2,639.94 $470,906.96
193 $470,906.96 $1,363.91 $0.00 $2,662.58 $474,933.45
194 $474,933.45 $1,363.91 $0.00 $2,685.34 $478,982.70
195 $478,982.70 $1,363.91 $0.00 $2,708.24 $483,054.85
196 $483,054.85 $1,363.91 $0.00 $2,731.26 $487,150.02
197 $487,150.02 $1,363.91 $0.00 $2,754.42 $491,268.35
198 $491,268.35 $1,363.91 $0.00 $2,777.70 $495,409.96
199 $495,409.96 $1,363.91 $0.00 $2,801.12 $499,574.99
200 $499,574.99 $1,363.91 $0.00 $2,824.67 $503,763.57
201 $503,763.57 $1,363.91 $0.00 $2,848.35 $507,975.83
202 $507,975.83 $1,363.91 $0.00 $2,872.17 $512,211.91
203 $512,211.91 $1,363.91 $0.00 $2,896.12 $516,471.94
204 $516,471.94 $1,363.91 $0.00 $2,920.21 $520,756.06
205 $520,756.06 $1,363.91 $0.00 $2,944.43 $525,064.40
206 $525,064.40 $1,363.91 $0.00 $2,968.79 $529,397.10
207 $529,397.10 $1,363.91 $0.00 $2,993.29 $533,754.30
208 $533,754.30 $1,363.91 $0.00 $3,017.92 $538,136.13
209 $538,136.13 $1,363.91 $0.00 $3,042.70 $542,542.74
210 $542,542.74 $1,363.91 $0.00 $3,067.62 $546,974.27
211 $546,974.27 $1,363.91 $0.00 $3,092.67 $551,430.85
212 $551,430.85 $1,363.91 $0.00 $3,117.87 $555,912.63
213 $555,912.63 $1,363.91 $0.00 $3,143.21 $560,419.75
214 $560,419.75 $1,363.91 $0.00 $3,168.69 $564,952.35
215 $564,952.35 $1,363.91 $0.00 $3,194.32 $569,510.58
216 $569,510.58 $1,363.91 $0.00 $3,220.10 $574,094.59
217 $574,094.59 $1,363.91 $155,476.88 $3,246.01 $423,227.63
218 $423,227.63 $1,363.91 $0.00 $2,392.99 $426,984.53
219 $426,984.53 $1,363.91 $0.00 $2,414.23 $430,762.67
220 $430,762.67 $1,363.91 $0.00 $2,435.59 $434,562.17
221 $434,562.17 $1,363.91 $0.00 $2,457.08 $438,383.16
222 $438,383.16 $1,363.91 $0.00 $2,478.68 $442,225.75
223 $442,225.75 $1,363.91 $0.00 $2,500.41 $446,090.07
224 $446,090.07 $1,363.91 $0.00 $2,522.26 $449,976.24
225 $449,976.24 $1,363.91 $0.00 $2,544.23 $453,884.38
226 $453,884.38 $1,363.91 $0.00 $2,566.33 $457,814.62
227 $457,814.62 $1,363.91 $0.00 $2,588.55 $461,767.08
228 $461,767.08 $1,363.91 $0.00 $2,610.90 $465,741.89
229 $465,741.89 $1,363.91 $166,360.27 $2,633.37 $303,378.90
230 $303,378.90 $1,363.91 $0.00 $1,715.35 $306,458.16
231 $306,458.16 $1,363.91 $0.00 $1,732.76 $309,554.83
232 $309,554.83 $1,363.91 $0.00 $1,750.27 $312,669.01
233 $312,669.01 $1,363.91 $0.00 $1,767.88 $315,800.80
234 $315,800.80 $1,363.91 $0.00 $1,785.58 $318,950.29
235 $318,950.29 $1,363.91 $0.00 $1,803.39 $322,117.59
236 $322,117.59 $1,363.91 $0.00 $1,821.30 $325,302.80
237 $325,302.80 $1,363.91 $0.00 $1,839.31 $328,506.02
238 $328,506.02 $1,363.91 $0.00 $1,857.42 $331,727.35
239 $331,727.35 $1,363.91 $0.00 $1,875.63 $334,966.89
240 $334,966.89 $1,363.91 $0.00 $1,893.95 $338,224.75
241 $338,224.75 $1,363.91 $178,005.49 $1,912.37 $163,495.54
242 $163,495.54 $1,363.91 $0.00 $924.43 $165,783.88
243 $165,783.88 $1,363.91 $0.00 $937.37 $168,085.16
244 $168,085.16 $1,363.91 $0.00 $950.38 $170,399.45
245 $170,399.45 $1,363.91 $0.00 $963.46 $172,726.82
246 $172,726.82 $1,363.91 $0.00 $976.62 $175,067.35
247 $175,067.35 $1,363.91 $0.00 $989.86 $177,421.12
248 $177,421.12 $1,363.91 $0.00 $1,003.16 $179,788.19
249 $179,788.19 $1,363.91 $0.00 $1,016.55 $182,168.65
250 $182,168.65 $1,363.91 $0.00 $1,030.01 $184,562.57
251 $184,562.57 $1,363.91 $0.00 $1,043.54 $186,970.02
252 $186,970.02 $1,363.91 $0.00 $1,057.16 $189,391.09
253 $189,391.09 $0.00 $190,465.87 $1,070.84 -$3.94