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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$159,036
Monthly savings required$1,259

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 $636,144.90 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,258.91 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$61,328.00
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 $1,258.91 $0.00 $0.00 $1,258.91
2 $1,258.91 $1,258.91 $0.00 $7.12 $2,524.94
3 $2,524.94 $1,258.91 $0.00 $14.28 $3,798.13
4 $3,798.13 $1,258.91 $0.00 $21.48 $5,078.52
5 $5,078.52 $1,258.91 $0.00 $28.71 $6,366.14
6 $6,366.14 $1,258.91 $0.00 $36.00 $7,661.05
7 $7,661.05 $1,258.91 $0.00 $43.32 $8,963.28
8 $8,963.28 $1,258.91 $0.00 $50.68 $10,272.87
9 $10,272.87 $1,258.91 $0.00 $58.08 $11,589.86
10 $11,589.86 $1,258.91 $0.00 $65.53 $12,914.30
11 $12,914.30 $1,258.91 $0.00 $73.02 $14,246.23
12 $14,246.23 $1,258.91 $0.00 $80.55 $15,585.69
13 $15,585.69 $1,258.91 $0.00 $88.12 $16,932.72
14 $16,932.72 $1,258.91 $0.00 $95.74 $18,287.37
15 $18,287.37 $1,258.91 $0.00 $103.40 $19,649.68
16 $19,649.68 $1,258.91 $0.00 $111.10 $21,019.69
17 $21,019.69 $1,258.91 $0.00 $118.85 $22,397.45
18 $22,397.45 $1,258.91 $0.00 $126.64 $23,783.00
19 $23,783.00 $1,258.91 $0.00 $134.47 $25,176.38
20 $25,176.38 $1,258.91 $0.00 $142.35 $26,577.64
21 $26,577.64 $1,258.91 $0.00 $150.27 $27,986.82
22 $27,986.82 $1,258.91 $0.00 $158.24 $29,403.97
23 $29,403.97 $1,258.91 $0.00 $166.25 $30,829.13
24 $30,829.13 $1,258.91 $0.00 $174.31 $32,262.35
25 $32,262.35 $1,258.91 $0.00 $182.42 $33,703.68
26 $33,703.68 $1,258.91 $0.00 $190.57 $35,153.16
27 $35,153.16 $1,258.91 $0.00 $198.76 $36,610.83
28 $36,610.83 $1,258.91 $0.00 $207.00 $38,076.74
29 $38,076.74 $1,258.91 $0.00 $215.29 $39,550.94
30 $39,550.94 $1,258.91 $0.00 $223.63 $41,033.48
31 $41,033.48 $1,258.91 $0.00 $232.01 $42,524.40
32 $42,524.40 $1,258.91 $0.00 $240.44 $44,023.75
33 $44,023.75 $1,258.91 $0.00 $248.92 $45,531.58
34 $45,531.58 $1,258.91 $0.00 $257.44 $47,047.93
35 $47,047.93 $1,258.91 $0.00 $266.02 $48,572.86
36 $48,572.86 $1,258.91 $0.00 $274.64 $50,106.41
37 $50,106.41 $1,258.91 $0.00 $283.31 $51,648.63
38 $51,648.63 $1,258.91 $0.00 $292.03 $53,199.57
39 $53,199.57 $1,258.91 $0.00 $300.80 $54,759.28
40 $54,759.28 $1,258.91 $0.00 $309.62 $56,327.81
41 $56,327.81 $1,258.91 $0.00 $318.49 $57,905.21
42 $57,905.21 $1,258.91 $0.00 $327.40 $59,491.52
43 $59,491.52 $1,258.91 $0.00 $336.37 $61,086.80
44 $61,086.80 $1,258.91 $0.00 $345.39 $62,691.10
45 $62,691.10 $1,258.91 $0.00 $354.46 $64,304.47
46 $64,304.47 $1,258.91 $0.00 $363.59 $65,926.97
47 $65,926.97 $1,258.91 $0.00 $372.76 $67,558.64
48 $67,558.64 $1,258.91 $0.00 $381.99 $69,199.54
49 $69,199.54 $1,258.91 $0.00 $391.26 $70,849.71
50 $70,849.71 $1,258.91 $0.00 $400.59 $72,509.21
51 $72,509.21 $1,258.91 $0.00 $409.98 $74,178.10
52 $74,178.10 $1,258.91 $0.00 $419.41 $75,856.42
53 $75,856.42 $1,258.91 $0.00 $428.90 $77,544.23
54 $77,544.23 $1,258.91 $0.00 $438.45 $79,241.59
55 $79,241.59 $1,258.91 $0.00 $448.04 $80,948.54
56 $80,948.54 $1,258.91 $0.00 $457.69 $82,665.14
57 $82,665.14 $1,258.91 $0.00 $467.40 $84,391.45
58 $84,391.45 $1,258.91 $0.00 $477.16 $86,127.52
59 $86,127.52 $1,258.91 $0.00 $486.98 $87,873.41
60 $87,873.41 $1,258.91 $0.00 $496.85 $89,629.17
61 $89,629.17 $1,258.91 $0.00 $506.78 $91,394.86
62 $91,394.86 $1,258.91 $0.00 $516.76 $93,170.53
63 $93,170.53 $1,258.91 $0.00 $526.80 $94,956.24
64 $94,956.24 $1,258.91 $0.00 $536.90 $96,752.05
65 $96,752.05 $1,258.91 $0.00 $547.05 $98,558.01
66 $98,558.01 $1,258.91 $0.00 $557.26 $100,374.18
67 $100,374.18 $1,258.91 $0.00 $567.53 $102,200.62
68 $102,200.62 $1,258.91 $0.00 $577.86 $104,037.39
69 $104,037.39 $1,258.91 $0.00 $588.24 $105,884.54
70 $105,884.54 $1,258.91 $0.00 $598.69 $107,742.14
71 $107,742.14 $1,258.91 $0.00 $609.19 $109,610.24
72 $109,610.24 $1,258.91 $0.00 $619.75 $111,488.90
73 $111,488.90 $1,258.91 $0.00 $630.37 $113,378.18
74 $113,378.18 $1,258.91 $0.00 $641.06 $115,278.15
75 $115,278.15 $1,258.91 $0.00 $651.80 $117,188.86
76 $117,188.86 $1,258.91 $0.00 $662.60 $119,110.37
77 $119,110.37 $1,258.91 $0.00 $673.47 $121,042.75
78 $121,042.75 $1,258.91 $0.00 $684.39 $122,986.05
79 $122,986.05 $1,258.91 $0.00 $695.38 $124,940.34
80 $124,940.34 $1,258.91 $0.00 $706.43 $126,905.68
81 $126,905.68 $1,258.91 $0.00 $717.54 $128,882.13
82 $128,882.13 $1,258.91 $0.00 $728.72 $130,869.76
83 $130,869.76 $1,258.91 $0.00 $739.96 $132,868.63
84 $132,868.63 $1,258.91 $0.00 $751.26 $134,878.80
85 $134,878.80 $1,258.91 $0.00 $762.62 $136,900.33
86 $136,900.33 $1,258.91 $0.00 $774.05 $138,933.29
87 $138,933.29 $1,258.91 $0.00 $785.55 $140,977.75
88 $140,977.75 $1,258.91 $0.00 $797.11 $143,033.77
89 $143,033.77 $1,258.91 $0.00 $808.73 $145,101.41
90 $145,101.41 $1,258.91 $0.00 $820.42 $147,180.74
91 $147,180.74 $1,258.91 $0.00 $832.18 $149,271.83
92 $149,271.83 $1,258.91 $0.00 $844.00 $151,374.74
93 $151,374.74 $1,258.91 $0.00 $855.89 $153,489.54
94 $153,489.54 $1,258.91 $0.00 $867.85 $155,616.30
95 $155,616.30 $1,258.91 $0.00 $879.88 $157,755.09
96 $157,755.09 $1,258.91 $0.00 $891.97 $159,905.97
97 $159,905.97 $1,258.91 $0.00 $904.13 $162,069.01
98 $162,069.01 $1,258.91 $0.00 $916.36 $164,244.28
99 $164,244.28 $1,258.91 $0.00 $928.66 $166,431.85
100 $166,431.85 $1,258.91 $0.00 $941.03 $168,631.79
101 $168,631.79 $1,258.91 $0.00 $953.47 $170,844.17
102 $170,844.17 $1,258.91 $0.00 $965.98 $173,069.06
103 $173,069.06 $1,258.91 $0.00 $978.56 $175,306.53
104 $175,306.53 $1,258.91 $0.00 $991.21 $177,556.65
105 $177,556.65 $1,258.91 $0.00 $1,003.93 $179,819.49
106 $179,819.49 $1,258.91 $0.00 $1,016.73 $182,095.13
107 $182,095.13 $1,258.91 $0.00 $1,029.59 $184,383.63
108 $184,383.63 $1,258.91 $0.00 $1,042.53 $186,685.07
109 $186,685.07 $1,258.91 $0.00 $1,055.54 $188,999.52
110 $188,999.52 $1,258.91 $0.00 $1,068.63 $191,327.06
111 $191,327.06 $1,258.91 $0.00 $1,081.79 $193,667.76
112 $193,667.76 $1,258.91 $0.00 $1,095.03 $196,021.70
113 $196,021.70 $1,258.91 $0.00 $1,108.34 $198,388.95
114 $198,388.95 $1,258.91 $0.00 $1,121.72 $200,769.58
115 $200,769.58 $1,258.91 $0.00 $1,135.18 $203,163.67
116 $203,163.67 $1,258.91 $0.00 $1,148.72 $205,571.30
117 $205,571.30 $1,258.91 $0.00 $1,162.33 $207,992.54
118 $207,992.54 $1,258.91 $0.00 $1,176.02 $210,427.47
119 $210,427.47 $1,258.91 $0.00 $1,189.79 $212,876.17
120 $212,876.17 $1,258.91 $0.00 $1,203.63 $215,338.71
121 $215,338.71 $1,258.91 $0.00 $1,217.56 $217,815.18
122 $217,815.18 $1,258.91 $0.00 $1,231.56 $220,305.65
123 $220,305.65 $1,258.91 $0.00 $1,245.64 $222,810.20
124 $222,810.20 $1,258.91 $0.00 $1,259.80 $225,328.91
125 $225,328.91 $1,258.91 $0.00 $1,274.04 $227,861.86
126 $227,861.86 $1,258.91 $0.00 $1,288.36 $230,409.13
127 $230,409.13 $1,258.91 $0.00 $1,302.77 $232,970.81
128 $232,970.81 $1,258.91 $0.00 $1,317.25 $235,546.97
129 $235,546.97 $1,258.91 $0.00 $1,331.82 $238,137.70
130 $238,137.70 $1,258.91 $0.00 $1,346.47 $240,743.08
131 $240,743.08 $1,258.91 $0.00 $1,361.20 $243,363.19
132 $243,363.19 $1,258.91 $0.00 $1,376.01 $245,998.11
133 $245,998.11 $1,258.91 $0.00 $1,390.91 $248,647.93
134 $248,647.93 $1,258.91 $0.00 $1,405.89 $251,312.73
135 $251,312.73 $1,258.91 $0.00 $1,420.96 $253,992.60
136 $253,992.60 $1,258.91 $0.00 $1,436.11 $256,687.62
137 $256,687.62 $1,258.91 $0.00 $1,451.35 $259,397.88
138 $259,397.88 $1,258.91 $0.00 $1,466.67 $262,123.46
139 $262,123.46 $1,258.91 $0.00 $1,482.08 $264,864.45
140 $264,864.45 $1,258.91 $0.00 $1,497.58 $267,620.94
141 $267,620.94 $1,258.91 $0.00 $1,513.17 $270,393.02
142 $270,393.02 $1,258.91 $0.00 $1,528.84 $273,180.77
143 $273,180.77 $1,258.91 $0.00 $1,544.60 $275,984.28
144 $275,984.28 $1,258.91 $0.00 $1,560.46 $278,803.65
145 $278,803.65 $1,258.91 $0.00 $1,576.40 $281,638.96
146 $281,638.96 $1,258.91 $0.00 $1,592.43 $284,490.30
147 $284,490.30 $1,258.91 $0.00 $1,608.55 $287,357.76
148 $287,357.76 $1,258.91 $0.00 $1,624.76 $290,241.43
149 $290,241.43 $1,258.91 $0.00 $1,641.07 $293,141.41
150 $293,141.41 $1,258.91 $0.00 $1,657.46 $296,057.78
151 $296,057.78 $1,258.91 $0.00 $1,673.95 $298,990.64
152 $298,990.64 $1,258.91 $0.00 $1,690.54 $301,940.09
153 $301,940.09 $1,258.91 $0.00 $1,707.21 $304,906.21
154 $304,906.21 $1,258.91 $0.00 $1,723.98 $307,889.10
155 $307,889.10 $1,258.91 $0.00 $1,740.85 $310,888.86
156 $310,888.86 $1,258.91 $0.00 $1,757.81 $313,905.58
157 $313,905.58 $1,258.91 $0.00 $1,774.87 $316,939.36
158 $316,939.36 $1,258.91 $0.00 $1,792.02 $319,990.29
159 $319,990.29 $1,258.91 $0.00 $1,809.27 $323,058.47
160 $323,058.47 $1,258.91 $0.00 $1,826.62 $326,144.00
161 $326,144.00 $1,258.91 $0.00 $1,844.07 $329,246.98
162 $329,246.98 $1,258.91 $0.00 $1,861.61 $332,367.50
163 $332,367.50 $1,258.91 $0.00 $1,879.25 $335,505.66
164 $335,505.66 $1,258.91 $0.00 $1,897.00 $338,661.57
165 $338,661.57 $1,258.91 $0.00 $1,914.84 $341,835.32
166 $341,835.32 $1,258.91 $0.00 $1,932.79 $345,027.02
167 $345,027.02 $1,258.91 $0.00 $1,950.83 $348,236.76
168 $348,236.76 $1,258.91 $0.00 $1,968.98 $351,464.65
169 $351,464.65 $1,258.91 $0.00 $1,987.23 $354,710.79
170 $354,710.79 $1,258.91 $0.00 $2,005.59 $357,975.29
171 $357,975.29 $1,258.91 $0.00 $2,024.04 $361,258.24
172 $361,258.24 $1,258.91 $0.00 $2,042.61 $364,559.76
173 $364,559.76 $1,258.91 $0.00 $2,061.27 $367,879.94
174 $367,879.94 $1,258.91 $0.00 $2,080.05 $371,218.90
175 $371,218.90 $1,258.91 $0.00 $2,098.93 $374,576.74
176 $374,576.74 $1,258.91 $0.00 $2,117.91 $377,953.56
177 $377,953.56 $1,258.91 $0.00 $2,137.00 $381,349.47
178 $381,349.47 $1,258.91 $0.00 $2,156.21 $384,764.59
179 $384,764.59 $1,258.91 $0.00 $2,175.51 $388,199.01
180 $388,199.01 $1,258.91 $0.00 $2,194.93 $391,652.85
181 $391,652.85 $1,258.91 $0.00 $2,214.46 $395,126.22
182 $395,126.22 $1,258.91 $0.00 $2,234.10 $398,619.23
183 $398,619.23 $1,258.91 $0.00 $2,253.85 $402,131.99
184 $402,131.99 $1,258.91 $0.00 $2,273.71 $405,664.61
185 $405,664.61 $1,258.91 $0.00 $2,293.69 $409,217.21
186 $409,217.21 $1,258.91 $0.00 $2,313.77 $412,789.89
187 $412,789.89 $1,258.91 $0.00 $2,333.97 $416,382.77
188 $416,382.77 $1,258.91 $0.00 $2,354.29 $419,995.97
189 $419,995.97 $1,258.91 $0.00 $2,374.72 $423,629.60
190 $423,629.60 $1,258.91 $0.00 $2,395.26 $427,283.77
191 $427,283.77 $1,258.91 $0.00 $2,415.92 $430,958.60
192 $430,958.60 $1,258.91 $0.00 $2,436.70 $434,654.21
193 $434,654.21 $1,258.91 $0.00 $2,457.60 $438,370.72
194 $438,370.72 $1,258.91 $0.00 $2,478.61 $442,108.24
195 $442,108.24 $1,258.91 $0.00 $2,499.74 $445,866.89
196 $445,866.89 $1,258.91 $0.00 $2,521.00 $449,646.80
197 $449,646.80 $1,258.91 $0.00 $2,542.37 $453,448.08
198 $453,448.08 $1,258.91 $0.00 $2,563.86 $457,270.85
199 $457,270.85 $1,258.91 $0.00 $2,585.48 $461,115.24
200 $461,115.24 $1,258.91 $0.00 $2,607.21 $464,981.36
201 $464,981.36 $1,258.91 $0.00 $2,629.07 $468,869.34
202 $468,869.34 $1,258.91 $0.00 $2,651.06 $472,779.31
203 $472,779.31 $1,258.91 $0.00 $2,673.16 $476,711.38
204 $476,711.38 $1,258.91 $0.00 $2,695.40 $480,665.69
205 $480,665.69 $1,258.91 $0.00 $2,717.75 $484,642.35
206 $484,642.35 $1,258.91 $0.00 $2,740.24 $488,641.50
207 $488,641.50 $1,258.91 $0.00 $2,762.85 $492,663.26
208 $492,663.26 $1,258.91 $0.00 $2,785.59 $496,707.76
209 $496,707.76 $1,258.91 $0.00 $2,808.46 $500,775.13
210 $500,775.13 $1,258.91 $0.00 $2,831.46 $504,865.50
211 $504,865.50 $1,258.91 $0.00 $2,854.58 $508,978.99
212 $508,978.99 $1,258.91 $0.00 $2,877.84 $513,115.74
213 $513,115.74 $1,258.91 $0.00 $2,901.23 $517,275.88
214 $517,275.88 $1,258.91 $0.00 $2,924.75 $521,459.54
215 $521,459.54 $1,258.91 $0.00 $2,948.41 $525,666.86
216 $525,666.86 $1,258.91 $0.00 $2,972.20 $529,897.97
217 $529,897.97 $1,258.91 $147,593.14 $2,996.12 $386,559.86
218 $386,559.86 $1,258.91 $0.00 $2,185.67 $390,004.44
219 $390,004.44 $1,258.91 $0.00 $2,205.14 $393,468.49
220 $393,468.49 $1,258.91 $0.00 $2,224.73 $396,952.13
221 $396,952.13 $1,258.91 $0.00 $2,244.43 $400,455.47
222 $400,455.47 $1,258.91 $0.00 $2,264.23 $403,978.61
223 $403,978.61 $1,258.91 $0.00 $2,284.15 $407,521.67
224 $407,521.67 $1,258.91 $0.00 $2,304.19 $411,084.77
225 $411,084.77 $1,258.91 $0.00 $2,324.33 $414,668.01
226 $414,668.01 $1,258.91 $0.00 $2,344.59 $418,271.51
227 $418,271.51 $1,258.91 $0.00 $2,364.97 $421,895.39
228 $421,895.39 $1,258.91 $0.00 $2,385.46 $425,539.76
229 $425,539.76 $1,258.91 $154,972.80 $2,406.06 $274,231.93
230 $274,231.93 $1,258.91 $0.00 $1,550.55 $277,041.39
231 $277,041.39 $1,258.91 $0.00 $1,566.43 $279,866.73
232 $279,866.73 $1,258.91 $0.00 $1,582.41 $282,708.05
233 $282,708.05 $1,258.91 $0.00 $1,598.47 $285,565.43
234 $285,565.43 $1,258.91 $0.00 $1,614.63 $288,438.97
235 $288,438.97 $1,258.91 $0.00 $1,630.88 $291,328.76
236 $291,328.76 $1,258.91 $0.00 $1,647.22 $294,234.89
237 $294,234.89 $1,258.91 $0.00 $1,663.65 $297,157.45
238 $297,157.45 $1,258.91 $0.00 $1,680.17 $300,096.53
239 $300,096.53 $1,258.91 $0.00 $1,696.79 $303,052.23
240 $303,052.23 $1,258.91 $0.00 $1,713.50 $306,024.64
241 $306,024.64 $1,258.91 $162,721.44 $1,730.31 $146,292.42
242 $146,292.42 $1,258.91 $0.00 $827.16 $148,378.49
243 $148,378.49 $1,258.91 $0.00 $838.95 $150,476.35
244 $150,476.35 $1,258.91 $0.00 $850.82 $152,586.08
245 $152,586.08 $1,258.91 $0.00 $862.74 $154,707.73
246 $154,707.73 $1,258.91 $0.00 $874.74 $156,841.38
247 $156,841.38 $1,258.91 $0.00 $886.80 $158,987.09
248 $158,987.09 $1,258.91 $0.00 $898.94 $161,144.94
249 $161,144.94 $1,258.91 $0.00 $911.14 $163,314.99
250 $163,314.99 $1,258.91 $0.00 $923.41 $165,497.31
251 $165,497.31 $1,258.91 $0.00 $935.75 $167,691.97
252 $167,691.97 $1,258.91 $0.00 $948.15 $169,899.03
253 $169,899.03 $0.00 $170,857.51 $960.63 $2.15