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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$155,484
Monthly savings required$1,231

How much will it cost to send your child to Loyola University Chicago in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $621,934.12 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,230.78 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$59,958.00
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 $1,230.78 $0.00 $0.00 $1,230.78
2 $1,230.78 $1,230.78 $0.00 $6.96 $2,468.52
3 $2,468.52 $1,230.78 $0.00 $13.96 $3,713.26
4 $3,713.26 $1,230.78 $0.00 $21.00 $4,965.04
5 $4,965.04 $1,230.78 $0.00 $28.07 $6,223.89
6 $6,223.89 $1,230.78 $0.00 $35.19 $7,489.86
7 $7,489.86 $1,230.78 $0.00 $42.35 $8,762.99
8 $8,762.99 $1,230.78 $0.00 $49.55 $10,043.32
9 $10,043.32 $1,230.78 $0.00 $56.79 $11,330.89
10 $11,330.89 $1,230.78 $0.00 $64.07 $12,625.74
11 $12,625.74 $1,230.78 $0.00 $71.39 $13,927.91
12 $13,927.91 $1,230.78 $0.00 $78.75 $15,237.44
13 $15,237.44 $1,230.78 $0.00 $86.15 $16,554.37
14 $16,554.37 $1,230.78 $0.00 $93.60 $17,878.75
15 $17,878.75 $1,230.78 $0.00 $101.09 $19,210.62
16 $19,210.62 $1,230.78 $0.00 $108.62 $20,550.02
17 $20,550.02 $1,230.78 $0.00 $116.19 $21,896.99
18 $21,896.99 $1,230.78 $0.00 $123.81 $23,251.58
19 $23,251.58 $1,230.78 $0.00 $131.47 $24,613.83
20 $24,613.83 $1,230.78 $0.00 $139.17 $25,983.78
21 $25,983.78 $1,230.78 $0.00 $146.92 $27,361.48
22 $27,361.48 $1,230.78 $0.00 $154.71 $28,746.97
23 $28,746.97 $1,230.78 $0.00 $162.54 $30,140.29
24 $30,140.29 $1,230.78 $0.00 $170.42 $31,541.49
25 $31,541.49 $1,230.78 $0.00 $178.34 $32,950.61
26 $32,950.61 $1,230.78 $0.00 $186.31 $34,367.70
27 $34,367.70 $1,230.78 $0.00 $194.32 $35,792.80
28 $35,792.80 $1,230.78 $0.00 $202.38 $37,225.96
29 $37,225.96 $1,230.78 $0.00 $210.48 $38,667.22
30 $38,667.22 $1,230.78 $0.00 $218.63 $40,116.63
31 $40,116.63 $1,230.78 $0.00 $226.83 $41,574.24
32 $41,574.24 $1,230.78 $0.00 $235.07 $43,040.09
33 $43,040.09 $1,230.78 $0.00 $243.35 $44,514.22
34 $44,514.22 $1,230.78 $0.00 $251.69 $45,996.69
35 $45,996.69 $1,230.78 $0.00 $260.07 $47,487.54
36 $47,487.54 $1,230.78 $0.00 $268.50 $48,986.82
37 $48,986.82 $1,230.78 $0.00 $276.98 $50,494.58
38 $50,494.58 $1,230.78 $0.00 $285.50 $52,010.86
39 $52,010.86 $1,230.78 $0.00 $294.08 $53,535.72
40 $53,535.72 $1,230.78 $0.00 $302.70 $55,069.20
41 $55,069.20 $1,230.78 $0.00 $311.37 $56,611.35
42 $56,611.35 $1,230.78 $0.00 $320.09 $58,162.22
43 $58,162.22 $1,230.78 $0.00 $328.86 $59,721.86
44 $59,721.86 $1,230.78 $0.00 $337.68 $61,290.32
45 $61,290.32 $1,230.78 $0.00 $346.54 $62,867.64
46 $62,867.64 $1,230.78 $0.00 $355.46 $64,453.88
47 $64,453.88 $1,230.78 $0.00 $364.43 $66,049.09
48 $66,049.09 $1,230.78 $0.00 $373.45 $67,653.32
49 $67,653.32 $1,230.78 $0.00 $382.52 $69,266.62
50 $69,266.62 $1,230.78 $0.00 $391.64 $70,889.04
51 $70,889.04 $1,230.78 $0.00 $400.82 $72,520.64
52 $72,520.64 $1,230.78 $0.00 $410.04 $74,161.46
53 $74,161.46 $1,230.78 $0.00 $419.32 $75,811.56
54 $75,811.56 $1,230.78 $0.00 $428.65 $77,470.99
55 $77,470.99 $1,230.78 $0.00 $438.03 $79,139.80
56 $79,139.80 $1,230.78 $0.00 $447.47 $80,818.05
57 $80,818.05 $1,230.78 $0.00 $456.96 $82,505.79
58 $82,505.79 $1,230.78 $0.00 $466.50 $84,203.07
59 $84,203.07 $1,230.78 $0.00 $476.10 $85,909.95
60 $85,909.95 $1,230.78 $0.00 $485.75 $87,626.48
61 $87,626.48 $1,230.78 $0.00 $495.45 $89,352.71
62 $89,352.71 $1,230.78 $0.00 $505.21 $91,088.70
63 $91,088.70 $1,230.78 $0.00 $515.03 $92,834.51
64 $92,834.51 $1,230.78 $0.00 $524.90 $94,590.19
65 $94,590.19 $1,230.78 $0.00 $534.83 $96,355.80
66 $96,355.80 $1,230.78 $0.00 $544.81 $98,131.39
67 $98,131.39 $1,230.78 $0.00 $554.85 $99,917.02
68 $99,917.02 $1,230.78 $0.00 $564.95 $101,712.75
69 $101,712.75 $1,230.78 $0.00 $575.10 $103,518.63
70 $103,518.63 $1,230.78 $0.00 $585.31 $105,334.72
71 $105,334.72 $1,230.78 $0.00 $595.58 $107,161.08
72 $107,161.08 $1,230.78 $0.00 $605.90 $108,997.76
73 $108,997.76 $1,230.78 $0.00 $616.29 $110,844.83
74 $110,844.83 $1,230.78 $0.00 $626.73 $112,702.34
75 $112,702.34 $1,230.78 $0.00 $637.24 $114,570.36
76 $114,570.36 $1,230.78 $0.00 $647.80 $116,448.94
77 $116,448.94 $1,230.78 $0.00 $658.42 $118,338.14
78 $118,338.14 $1,230.78 $0.00 $669.10 $120,238.02
79 $120,238.02 $1,230.78 $0.00 $679.84 $122,148.64
80 $122,148.64 $1,230.78 $0.00 $690.65 $124,070.07
81 $124,070.07 $1,230.78 $0.00 $701.51 $126,002.36
82 $126,002.36 $1,230.78 $0.00 $712.44 $127,945.58
83 $127,945.58 $1,230.78 $0.00 $723.42 $129,899.78
84 $129,899.78 $1,230.78 $0.00 $734.47 $131,865.03
85 $131,865.03 $1,230.78 $0.00 $745.58 $133,841.39
86 $133,841.39 $1,230.78 $0.00 $756.76 $135,828.93
87 $135,828.93 $1,230.78 $0.00 $768.00 $137,827.71
88 $137,827.71 $1,230.78 $0.00 $779.30 $139,837.79
89 $139,837.79 $1,230.78 $0.00 $790.66 $141,859.23
90 $141,859.23 $1,230.78 $0.00 $802.09 $143,892.10
91 $143,892.10 $1,230.78 $0.00 $813.59 $145,936.47
92 $145,936.47 $1,230.78 $0.00 $825.15 $147,992.40
93 $147,992.40 $1,230.78 $0.00 $836.77 $150,059.95
94 $150,059.95 $1,230.78 $0.00 $848.46 $152,139.19
95 $152,139.19 $1,230.78 $0.00 $860.22 $154,230.19
96 $154,230.19 $1,230.78 $0.00 $872.04 $156,333.01
97 $156,333.01 $1,230.78 $0.00 $883.93 $158,447.72
98 $158,447.72 $1,230.78 $0.00 $895.89 $160,574.39
99 $160,574.39 $1,230.78 $0.00 $907.91 $162,713.08
100 $162,713.08 $1,230.78 $0.00 $920.00 $164,863.86
101 $164,863.86 $1,230.78 $0.00 $932.16 $167,026.80
102 $167,026.80 $1,230.78 $0.00 $944.39 $169,201.97
103 $169,201.97 $1,230.78 $0.00 $956.69 $171,389.44
104 $171,389.44 $1,230.78 $0.00 $969.06 $173,589.28
105 $173,589.28 $1,230.78 $0.00 $981.50 $175,801.56
106 $175,801.56 $1,230.78 $0.00 $994.01 $178,026.35
107 $178,026.35 $1,230.78 $0.00 $1,006.59 $180,263.72
108 $180,263.72 $1,230.78 $0.00 $1,019.24 $182,513.74
109 $182,513.74 $1,230.78 $0.00 $1,031.96 $184,776.48
110 $184,776.48 $1,230.78 $0.00 $1,044.75 $187,052.01
111 $187,052.01 $1,230.78 $0.00 $1,057.62 $189,340.41
112 $189,340.41 $1,230.78 $0.00 $1,070.56 $191,641.75
113 $191,641.75 $1,230.78 $0.00 $1,083.57 $193,956.10
114 $193,956.10 $1,230.78 $0.00 $1,096.66 $196,283.54
115 $196,283.54 $1,230.78 $0.00 $1,109.82 $198,624.14
116 $198,624.14 $1,230.78 $0.00 $1,123.05 $200,977.97
117 $200,977.97 $1,230.78 $0.00 $1,136.36 $203,345.11
118 $203,345.11 $1,230.78 $0.00 $1,149.74 $205,725.63
119 $205,725.63 $1,230.78 $0.00 $1,163.20 $208,119.61
120 $208,119.61 $1,230.78 $0.00 $1,176.74 $210,527.13
121 $210,527.13 $1,230.78 $0.00 $1,190.35 $212,948.26
122 $212,948.26 $1,230.78 $0.00 $1,204.04 $215,383.08
123 $215,383.08 $1,230.78 $0.00 $1,217.81 $217,831.67
124 $217,831.67 $1,230.78 $0.00 $1,231.65 $220,294.10
125 $220,294.10 $1,230.78 $0.00 $1,245.57 $222,770.45
126 $222,770.45 $1,230.78 $0.00 $1,259.58 $225,260.81
127 $225,260.81 $1,230.78 $0.00 $1,273.66 $227,765.25
128 $227,765.25 $1,230.78 $0.00 $1,287.82 $230,283.85
129 $230,283.85 $1,230.78 $0.00 $1,302.06 $232,816.69
130 $232,816.69 $1,230.78 $0.00 $1,316.38 $235,363.85
131 $235,363.85 $1,230.78 $0.00 $1,330.78 $237,925.41
132 $237,925.41 $1,230.78 $0.00 $1,345.26 $240,501.45
133 $240,501.45 $1,230.78 $0.00 $1,359.83 $243,092.06
134 $243,092.06 $1,230.78 $0.00 $1,374.48 $245,697.32
135 $245,697.32 $1,230.78 $0.00 $1,389.21 $248,317.31
136 $248,317.31 $1,230.78 $0.00 $1,404.02 $250,952.11
137 $250,952.11 $1,230.78 $0.00 $1,418.92 $253,601.81
138 $253,601.81 $1,230.78 $0.00 $1,433.90 $256,266.49
139 $256,266.49 $1,230.78 $0.00 $1,448.97 $258,946.24
140 $258,946.24 $1,230.78 $0.00 $1,464.12 $261,641.14
141 $261,641.14 $1,230.78 $0.00 $1,479.36 $264,351.28
142 $264,351.28 $1,230.78 $0.00 $1,494.68 $267,076.74
143 $267,076.74 $1,230.78 $0.00 $1,510.09 $269,817.61
144 $269,817.61 $1,230.78 $0.00 $1,525.59 $272,573.98
145 $272,573.98 $1,230.78 $0.00 $1,541.17 $275,345.93
146 $275,345.93 $1,230.78 $0.00 $1,556.85 $278,133.56
147 $278,133.56 $1,230.78 $0.00 $1,572.61 $280,936.95
148 $280,936.95 $1,230.78 $0.00 $1,588.46 $283,756.19
149 $283,756.19 $1,230.78 $0.00 $1,604.40 $286,591.37
150 $286,591.37 $1,230.78 $0.00 $1,620.43 $289,442.58
151 $289,442.58 $1,230.78 $0.00 $1,636.55 $292,309.91
152 $292,309.91 $1,230.78 $0.00 $1,652.76 $295,193.45
153 $295,193.45 $1,230.78 $0.00 $1,669.07 $298,093.30
154 $298,093.30 $1,230.78 $0.00 $1,685.46 $301,009.54
155 $301,009.54 $1,230.78 $0.00 $1,701.95 $303,942.27
156 $303,942.27 $1,230.78 $0.00 $1,718.53 $306,891.58
157 $306,891.58 $1,230.78 $0.00 $1,735.21 $309,857.57
158 $309,857.57 $1,230.78 $0.00 $1,751.98 $312,840.33
159 $312,840.33 $1,230.78 $0.00 $1,768.84 $315,839.95
160 $315,839.95 $1,230.78 $0.00 $1,785.80 $318,856.53
161 $318,856.53 $1,230.78 $0.00 $1,802.86 $321,890.17
162 $321,890.17 $1,230.78 $0.00 $1,820.01 $324,940.96
163 $324,940.96 $1,230.78 $0.00 $1,837.26 $328,009.00
164 $328,009.00 $1,230.78 $0.00 $1,854.61 $331,094.39
165 $331,094.39 $1,230.78 $0.00 $1,872.06 $334,197.23
166 $334,197.23 $1,230.78 $0.00 $1,889.60 $337,317.61
167 $337,317.61 $1,230.78 $0.00 $1,907.24 $340,455.63
168 $340,455.63 $1,230.78 $0.00 $1,924.99 $343,611.40
169 $343,611.40 $1,230.78 $0.00 $1,942.83 $346,785.01
170 $346,785.01 $1,230.78 $0.00 $1,960.77 $349,976.56
171 $349,976.56 $1,230.78 $0.00 $1,978.82 $353,186.16
172 $353,186.16 $1,230.78 $0.00 $1,996.97 $356,413.91
173 $356,413.91 $1,230.78 $0.00 $2,015.22 $359,659.91
174 $359,659.91 $1,230.78 $0.00 $2,033.57 $362,924.26
175 $362,924.26 $1,230.78 $0.00 $2,052.03 $366,207.07
176 $366,207.07 $1,230.78 $0.00 $2,070.59 $369,508.44
177 $369,508.44 $1,230.78 $0.00 $2,089.25 $372,828.47
178 $372,828.47 $1,230.78 $0.00 $2,108.03 $376,167.28
179 $376,167.28 $1,230.78 $0.00 $2,126.90 $379,524.96
180 $379,524.96 $1,230.78 $0.00 $2,145.89 $382,901.63
181 $382,901.63 $1,230.78 $0.00 $2,164.98 $386,297.39
182 $386,297.39 $1,230.78 $0.00 $2,184.18 $389,712.35
183 $389,712.35 $1,230.78 $0.00 $2,203.49 $393,146.62
184 $393,146.62 $1,230.78 $0.00 $2,222.91 $396,600.31
185 $396,600.31 $1,230.78 $0.00 $2,242.44 $400,073.53
186 $400,073.53 $1,230.78 $0.00 $2,262.07 $403,566.38
187 $403,566.38 $1,230.78 $0.00 $2,281.82 $407,078.98
188 $407,078.98 $1,230.78 $0.00 $2,301.68 $410,611.44
189 $410,611.44 $1,230.78 $0.00 $2,321.66 $414,163.88
190 $414,163.88 $1,230.78 $0.00 $2,341.74 $417,736.40
191 $417,736.40 $1,230.78 $0.00 $2,361.94 $421,329.12
192 $421,329.12 $1,230.78 $0.00 $2,382.26 $424,942.16
193 $424,942.16 $1,230.78 $0.00 $2,402.68 $428,575.62
194 $428,575.62 $1,230.78 $0.00 $2,423.23 $432,229.63
195 $432,229.63 $1,230.78 $0.00 $2,443.89 $435,904.30
196 $435,904.30 $1,230.78 $0.00 $2,464.67 $439,599.75
197 $439,599.75 $1,230.78 $0.00 $2,485.56 $443,316.09
198 $443,316.09 $1,230.78 $0.00 $2,506.57 $447,053.44
199 $447,053.44 $1,230.78 $0.00 $2,527.71 $450,811.93
200 $450,811.93 $1,230.78 $0.00 $2,548.96 $454,591.67
201 $454,591.67 $1,230.78 $0.00 $2,570.33 $458,392.78
202 $458,392.78 $1,230.78 $0.00 $2,591.82 $462,215.38
203 $462,215.38 $1,230.78 $0.00 $2,613.43 $466,059.59
204 $466,059.59 $1,230.78 $0.00 $2,635.17 $469,925.54
205 $469,925.54 $1,230.78 $0.00 $2,657.03 $473,813.35
206 $473,813.35 $1,230.78 $0.00 $2,679.01 $477,723.14
207 $477,723.14 $1,230.78 $0.00 $2,701.12 $481,655.04
208 $481,655.04 $1,230.78 $0.00 $2,723.35 $485,609.17
209 $485,609.17 $1,230.78 $0.00 $2,745.70 $489,585.65
210 $489,585.65 $1,230.78 $0.00 $2,768.19 $493,584.62
211 $493,584.62 $1,230.78 $0.00 $2,790.80 $497,606.20
212 $497,606.20 $1,230.78 $0.00 $2,813.54 $501,650.52
213 $501,650.52 $1,230.78 $0.00 $2,836.40 $505,717.70
214 $505,717.70 $1,230.78 $0.00 $2,859.40 $509,807.88
215 $509,807.88 $1,230.78 $0.00 $2,882.53 $513,921.19
216 $513,921.19 $1,230.78 $0.00 $2,905.79 $518,057.76
217 $518,057.76 $1,230.78 $144,296.08 $2,929.17 $377,921.63
218 $377,921.63 $1,230.78 $0.00 $2,136.82 $381,289.23
219 $381,289.23 $1,230.78 $0.00 $2,155.86 $384,675.87
220 $384,675.87 $1,230.78 $0.00 $2,175.01 $388,081.66
221 $388,081.66 $1,230.78 $0.00 $2,194.27 $391,506.71
222 $391,506.71 $1,230.78 $0.00 $2,213.64 $394,951.13
223 $394,951.13 $1,230.78 $0.00 $2,233.11 $398,415.02
224 $398,415.02 $1,230.78 $0.00 $2,252.70 $401,898.50
225 $401,898.50 $1,230.78 $0.00 $2,272.39 $405,401.67
226 $405,401.67 $1,230.78 $0.00 $2,292.20 $408,924.65
227 $408,924.65 $1,230.78 $0.00 $2,312.12 $412,467.55
228 $412,467.55 $1,230.78 $0.00 $2,332.15 $416,030.48
229 $416,030.48 $1,230.78 $151,510.88 $2,352.30 $268,102.68
230 $268,102.68 $1,230.78 $0.00 $1,515.89 $270,849.35
231 $270,849.35 $1,230.78 $0.00 $1,531.42 $273,611.55
232 $273,611.55 $1,230.78 $0.00 $1,547.04 $276,389.37
233 $276,389.37 $1,230.78 $0.00 $1,562.75 $279,182.90
234 $279,182.90 $1,230.78 $0.00 $1,578.54 $281,992.22
235 $281,992.22 $1,230.78 $0.00 $1,594.43 $284,817.43
236 $284,817.43 $1,230.78 $0.00 $1,610.40 $287,658.61
237 $287,658.61 $1,230.78 $0.00 $1,626.46 $290,515.85
238 $290,515.85 $1,230.78 $0.00 $1,642.62 $293,389.25
239 $293,389.25 $1,230.78 $0.00 $1,658.87 $296,278.90
240 $296,278.90 $1,230.78 $0.00 $1,675.20 $299,184.88
241 $299,184.88 $1,230.78 $159,086.42 $1,691.63 $143,020.87
242 $143,020.87 $1,230.78 $0.00 $808.66 $145,060.31
243 $145,060.31 $1,230.78 $0.00 $820.19 $147,111.28
244 $147,111.28 $1,230.78 $0.00 $831.79 $149,173.85
245 $149,173.85 $1,230.78 $0.00 $843.45 $151,248.08
246 $151,248.08 $1,230.78 $0.00 $855.18 $153,334.04
247 $153,334.04 $1,230.78 $0.00 $866.97 $155,431.79
248 $155,431.79 $1,230.78 $0.00 $878.83 $157,541.40
249 $157,541.40 $1,230.78 $0.00 $890.76 $159,662.94
250 $159,662.94 $1,230.78 $0.00 $902.76 $161,796.48
251 $161,796.48 $1,230.78 $0.00 $914.82 $163,942.08
252 $163,942.08 $1,230.78 $0.00 $926.95 $166,099.81
253 $166,099.81 $0.00 $167,040.74 $939.15 ($1.78)