Savings Plan and Future Cost Estimation for Olivet Nazarene University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$126,471
Monthly savings required$1,001

How much will it cost to send your child to Olivet Nazarene University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $505,882.91 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,001.12 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$48,770.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,001.12 $0.00 $0.00 $1,001.12
2 $1,001.12 $1,001.12 $0.00 $5.66 $2,007.90
3 $2,007.90 $1,001.12 $0.00 $11.35 $3,020.37
4 $3,020.37 $1,001.12 $0.00 $17.08 $4,038.57
5 $4,038.57 $1,001.12 $0.00 $22.83 $5,062.52
6 $5,062.52 $1,001.12 $0.00 $28.62 $6,092.26
7 $6,092.26 $1,001.12 $0.00 $34.45 $7,127.83
8 $7,127.83 $1,001.12 $0.00 $40.30 $8,169.25
9 $8,169.25 $1,001.12 $0.00 $46.19 $9,216.56
10 $9,216.56 $1,001.12 $0.00 $52.11 $10,269.79
11 $10,269.79 $1,001.12 $0.00 $58.07 $11,328.98
12 $11,328.98 $1,001.12 $0.00 $64.06 $12,394.16
13 $12,394.16 $1,001.12 $0.00 $70.08 $13,465.36
14 $13,465.36 $1,001.12 $0.00 $76.14 $14,542.62
15 $14,542.62 $1,001.12 $0.00 $82.23 $15,625.97
16 $15,625.97 $1,001.12 $0.00 $88.35 $16,715.44
17 $16,715.44 $1,001.12 $0.00 $94.51 $17,811.07
18 $17,811.07 $1,001.12 $0.00 $100.71 $18,912.90
19 $18,912.90 $1,001.12 $0.00 $106.94 $20,020.96
20 $20,020.96 $1,001.12 $0.00 $113.20 $21,135.28
21 $21,135.28 $1,001.12 $0.00 $119.50 $22,255.90
22 $22,255.90 $1,001.12 $0.00 $125.84 $23,382.86
23 $23,382.86 $1,001.12 $0.00 $132.21 $24,516.19
24 $24,516.19 $1,001.12 $0.00 $138.62 $25,655.93
25 $25,655.93 $1,001.12 $0.00 $145.06 $26,802.11
26 $26,802.11 $1,001.12 $0.00 $151.54 $27,954.77
27 $27,954.77 $1,001.12 $0.00 $158.06 $29,113.95
28 $29,113.95 $1,001.12 $0.00 $164.61 $30,279.68
29 $30,279.68 $1,001.12 $0.00 $171.21 $31,452.01
30 $31,452.01 $1,001.12 $0.00 $177.83 $32,630.96
31 $32,630.96 $1,001.12 $0.00 $184.50 $33,816.58
32 $33,816.58 $1,001.12 $0.00 $191.20 $35,008.90
33 $35,008.90 $1,001.12 $0.00 $197.95 $36,207.97
34 $36,207.97 $1,001.12 $0.00 $204.73 $37,413.82
35 $37,413.82 $1,001.12 $0.00 $211.54 $38,626.48
36 $38,626.48 $1,001.12 $0.00 $218.40 $39,846.00
37 $39,846.00 $1,001.12 $0.00 $225.30 $41,072.42
38 $41,072.42 $1,001.12 $0.00 $232.23 $42,305.77
39 $42,305.77 $1,001.12 $0.00 $239.20 $43,546.09
40 $43,546.09 $1,001.12 $0.00 $246.22 $44,793.43
41 $44,793.43 $1,001.12 $0.00 $253.27 $46,047.82
42 $46,047.82 $1,001.12 $0.00 $260.36 $47,309.30
43 $47,309.30 $1,001.12 $0.00 $267.49 $48,577.91
44 $48,577.91 $1,001.12 $0.00 $274.67 $49,853.70
45 $49,853.70 $1,001.12 $0.00 $281.88 $51,136.70
46 $51,136.70 $1,001.12 $0.00 $289.13 $52,426.95
47 $52,426.95 $1,001.12 $0.00 $296.43 $53,724.50
48 $53,724.50 $1,001.12 $0.00 $303.77 $55,029.39
49 $55,029.39 $1,001.12 $0.00 $311.14 $56,341.65
50 $56,341.65 $1,001.12 $0.00 $318.56 $57,661.33
51 $57,661.33 $1,001.12 $0.00 $326.03 $58,988.48
52 $58,988.48 $1,001.12 $0.00 $333.53 $60,323.13
53 $60,323.13 $1,001.12 $0.00 $341.08 $61,665.33
54 $61,665.33 $1,001.12 $0.00 $348.66 $63,015.11
55 $63,015.11 $1,001.12 $0.00 $356.30 $64,372.53
56 $64,372.53 $1,001.12 $0.00 $363.97 $65,737.62
57 $65,737.62 $1,001.12 $0.00 $371.69 $67,110.43
58 $67,110.43 $1,001.12 $0.00 $379.45 $68,491.00
59 $68,491.00 $1,001.12 $0.00 $387.26 $69,879.38
60 $69,879.38 $1,001.12 $0.00 $395.11 $71,275.61
61 $71,275.61 $1,001.12 $0.00 $403.00 $72,679.73
62 $72,679.73 $1,001.12 $0.00 $410.94 $74,091.79
63 $74,091.79 $1,001.12 $0.00 $418.93 $75,511.84
64 $75,511.84 $1,001.12 $0.00 $426.95 $76,939.91
65 $76,939.91 $1,001.12 $0.00 $435.03 $78,376.06
66 $78,376.06 $1,001.12 $0.00 $443.15 $79,820.33
67 $79,820.33 $1,001.12 $0.00 $451.32 $81,272.77
68 $81,272.77 $1,001.12 $0.00 $459.53 $82,733.42
69 $82,733.42 $1,001.12 $0.00 $467.79 $84,202.33
70 $84,202.33 $1,001.12 $0.00 $476.09 $85,679.54
71 $85,679.54 $1,001.12 $0.00 $484.44 $87,165.10
72 $87,165.10 $1,001.12 $0.00 $492.84 $88,659.06
73 $88,659.06 $1,001.12 $0.00 $501.29 $90,161.47
74 $90,161.47 $1,001.12 $0.00 $509.79 $91,672.38
75 $91,672.38 $1,001.12 $0.00 $518.33 $93,191.83
76 $93,191.83 $1,001.12 $0.00 $526.92 $94,719.87
77 $94,719.87 $1,001.12 $0.00 $535.56 $96,256.55
78 $96,256.55 $1,001.12 $0.00 $544.25 $97,801.92
79 $97,801.92 $1,001.12 $0.00 $552.99 $99,356.03
80 $99,356.03 $1,001.12 $0.00 $561.77 $100,918.92
81 $100,918.92 $1,001.12 $0.00 $570.61 $102,490.65
82 $102,490.65 $1,001.12 $0.00 $579.50 $104,071.27
83 $104,071.27 $1,001.12 $0.00 $588.43 $105,660.82
84 $105,660.82 $1,001.12 $0.00 $597.42 $107,259.36
85 $107,259.36 $1,001.12 $0.00 $606.46 $108,866.94
86 $108,866.94 $1,001.12 $0.00 $615.55 $110,483.61
87 $110,483.61 $1,001.12 $0.00 $624.69 $112,109.42
88 $112,109.42 $1,001.12 $0.00 $633.88 $113,744.42
89 $113,744.42 $1,001.12 $0.00 $643.13 $115,388.67
90 $115,388.67 $1,001.12 $0.00 $652.42 $117,042.21
91 $117,042.21 $1,001.12 $0.00 $661.77 $118,705.10
92 $118,705.10 $1,001.12 $0.00 $671.18 $120,377.40
93 $120,377.40 $1,001.12 $0.00 $680.63 $122,059.15
94 $122,059.15 $1,001.12 $0.00 $690.14 $123,750.41
95 $123,750.41 $1,001.12 $0.00 $699.70 $125,451.23
96 $125,451.23 $1,001.12 $0.00 $709.32 $127,161.67
97 $127,161.67 $1,001.12 $0.00 $718.99 $128,881.78
98 $128,881.78 $1,001.12 $0.00 $728.72 $130,611.62
99 $130,611.62 $1,001.12 $0.00 $738.50 $132,351.24
100 $132,351.24 $1,001.12 $0.00 $748.33 $134,100.69
101 $134,100.69 $1,001.12 $0.00 $758.22 $135,860.03
102 $135,860.03 $1,001.12 $0.00 $768.17 $137,629.32
103 $137,629.32 $1,001.12 $0.00 $778.18 $139,408.62
104 $139,408.62 $1,001.12 $0.00 $788.24 $141,197.98
105 $141,197.98 $1,001.12 $0.00 $798.35 $142,997.45
106 $142,997.45 $1,001.12 $0.00 $808.53 $144,807.10
107 $144,807.10 $1,001.12 $0.00 $818.76 $146,626.98
108 $146,626.98 $1,001.12 $0.00 $829.05 $148,457.15
109 $148,457.15 $1,001.12 $0.00 $839.40 $150,297.67
110 $150,297.67 $1,001.12 $0.00 $849.80 $152,148.59
111 $152,148.59 $1,001.12 $0.00 $860.27 $154,009.98
112 $154,009.98 $1,001.12 $0.00 $870.79 $155,881.89
113 $155,881.89 $1,001.12 $0.00 $881.38 $157,764.39
114 $157,764.39 $1,001.12 $0.00 $892.02 $159,657.53
115 $159,657.53 $1,001.12 $0.00 $902.73 $161,561.38
116 $161,561.38 $1,001.12 $0.00 $913.49 $163,475.99
117 $163,475.99 $1,001.12 $0.00 $924.32 $165,401.43
118 $165,401.43 $1,001.12 $0.00 $935.20 $167,337.75
119 $167,337.75 $1,001.12 $0.00 $946.15 $169,285.02
120 $169,285.02 $1,001.12 $0.00 $957.16 $171,243.30
121 $171,243.30 $1,001.12 $0.00 $968.23 $173,212.65
122 $173,212.65 $1,001.12 $0.00 $979.37 $175,193.14
123 $175,193.14 $1,001.12 $0.00 $990.57 $177,184.83
124 $177,184.83 $1,001.12 $0.00 $1,001.83 $179,187.78
125 $179,187.78 $1,001.12 $0.00 $1,013.15 $181,202.05
126 $181,202.05 $1,001.12 $0.00 $1,024.54 $183,227.71
127 $183,227.71 $1,001.12 $0.00 $1,036.00 $185,264.83
128 $185,264.83 $1,001.12 $0.00 $1,047.51 $187,313.46
129 $187,313.46 $1,001.12 $0.00 $1,059.10 $189,373.68
130 $189,373.68 $1,001.12 $0.00 $1,070.75 $191,445.55
131 $191,445.55 $1,001.12 $0.00 $1,082.46 $193,529.13
132 $193,529.13 $1,001.12 $0.00 $1,094.24 $195,624.49
133 $195,624.49 $1,001.12 $0.00 $1,106.09 $197,731.70
134 $197,731.70 $1,001.12 $0.00 $1,118.00 $199,850.82
135 $199,850.82 $1,001.12 $0.00 $1,129.99 $201,981.93
136 $201,981.93 $1,001.12 $0.00 $1,142.04 $204,125.09
137 $204,125.09 $1,001.12 $0.00 $1,154.15 $206,280.36
138 $206,280.36 $1,001.12 $0.00 $1,166.34 $208,447.82
139 $208,447.82 $1,001.12 $0.00 $1,178.59 $210,627.53
140 $210,627.53 $1,001.12 $0.00 $1,190.92 $212,819.57
141 $212,819.57 $1,001.12 $0.00 $1,203.31 $215,024.00
142 $215,024.00 $1,001.12 $0.00 $1,215.78 $217,240.90
143 $217,240.90 $1,001.12 $0.00 $1,228.31 $219,470.33
144 $219,470.33 $1,001.12 $0.00 $1,240.92 $221,712.37
145 $221,712.37 $1,001.12 $0.00 $1,253.59 $223,967.08
146 $223,967.08 $1,001.12 $0.00 $1,266.34 $226,234.54
147 $226,234.54 $1,001.12 $0.00 $1,279.16 $228,514.82
148 $228,514.82 $1,001.12 $0.00 $1,292.06 $230,808.00
149 $230,808.00 $1,001.12 $0.00 $1,305.02 $233,114.14
150 $233,114.14 $1,001.12 $0.00 $1,318.06 $235,433.32
151 $235,433.32 $1,001.12 $0.00 $1,331.17 $237,765.61
152 $237,765.61 $1,001.12 $0.00 $1,344.36 $240,111.09
153 $240,111.09 $1,001.12 $0.00 $1,357.62 $242,469.83
154 $242,469.83 $1,001.12 $0.00 $1,370.96 $244,841.91
155 $244,841.91 $1,001.12 $0.00 $1,384.37 $247,227.40
156 $247,227.40 $1,001.12 $0.00 $1,397.86 $249,626.38
157 $249,626.38 $1,001.12 $0.00 $1,411.42 $252,038.92
158 $252,038.92 $1,001.12 $0.00 $1,425.06 $254,465.10
159 $254,465.10 $1,001.12 $0.00 $1,438.78 $256,905.00
160 $256,905.00 $1,001.12 $0.00 $1,452.58 $259,358.70
161 $259,358.70 $1,001.12 $0.00 $1,466.45 $261,826.27
162 $261,826.27 $1,001.12 $0.00 $1,480.40 $264,307.79
163 $264,307.79 $1,001.12 $0.00 $1,494.43 $266,803.34
164 $266,803.34 $1,001.12 $0.00 $1,508.54 $269,313.00
165 $269,313.00 $1,001.12 $0.00 $1,522.73 $271,836.85
166 $271,836.85 $1,001.12 $0.00 $1,537.01 $274,374.98
167 $274,374.98 $1,001.12 $0.00 $1,551.36 $276,927.46
168 $276,927.46 $1,001.12 $0.00 $1,565.79 $279,494.37
169 $279,494.37 $1,001.12 $0.00 $1,580.30 $282,075.79
170 $282,075.79 $1,001.12 $0.00 $1,594.90 $284,671.81
171 $284,671.81 $1,001.12 $0.00 $1,609.58 $287,282.51
172 $287,282.51 $1,001.12 $0.00 $1,624.34 $289,907.97
173 $289,907.97 $1,001.12 $0.00 $1,639.18 $292,548.27
174 $292,548.27 $1,001.12 $0.00 $1,654.11 $295,203.50
175 $295,203.50 $1,001.12 $0.00 $1,669.12 $297,873.74
176 $297,873.74 $1,001.12 $0.00 $1,684.22 $300,559.08
177 $300,559.08 $1,001.12 $0.00 $1,699.40 $303,259.60
178 $303,259.60 $1,001.12 $0.00 $1,714.67 $305,975.39
179 $305,975.39 $1,001.12 $0.00 $1,730.03 $308,706.54
180 $308,706.54 $1,001.12 $0.00 $1,745.47 $311,453.13
181 $311,453.13 $1,001.12 $0.00 $1,761.00 $314,215.25
182 $314,215.25 $1,001.12 $0.00 $1,776.62 $316,992.99
183 $316,992.99 $1,001.12 $0.00 $1,792.32 $319,786.43
184 $319,786.43 $1,001.12 $0.00 $1,808.12 $322,595.67
185 $322,595.67 $1,001.12 $0.00 $1,824.00 $325,420.79
186 $325,420.79 $1,001.12 $0.00 $1,839.98 $328,261.89
187 $328,261.89 $1,001.12 $0.00 $1,856.04 $331,119.05
188 $331,119.05 $1,001.12 $0.00 $1,872.20 $333,992.37
189 $333,992.37 $1,001.12 $0.00 $1,888.44 $336,881.93
190 $336,881.93 $1,001.12 $0.00 $1,904.78 $339,787.83
191 $339,787.83 $1,001.12 $0.00 $1,921.21 $342,710.16
192 $342,710.16 $1,001.12 $0.00 $1,937.73 $345,649.01
193 $345,649.01 $1,001.12 $0.00 $1,954.35 $348,604.48
194 $348,604.48 $1,001.12 $0.00 $1,971.06 $351,576.66
195 $351,576.66 $1,001.12 $0.00 $1,987.87 $354,565.65
196 $354,565.65 $1,001.12 $0.00 $2,004.77 $357,571.54
197 $357,571.54 $1,001.12 $0.00 $2,021.76 $360,594.42
198 $360,594.42 $1,001.12 $0.00 $2,038.85 $363,634.39
199 $363,634.39 $1,001.12 $0.00 $2,056.04 $366,691.55
200 $366,691.55 $1,001.12 $0.00 $2,073.33 $369,766.00
201 $369,766.00 $1,001.12 $0.00 $2,090.71 $372,857.83
202 $372,857.83 $1,001.12 $0.00 $2,108.19 $375,967.14
203 $375,967.14 $1,001.12 $0.00 $2,125.77 $379,094.03
204 $379,094.03 $1,001.12 $0.00 $2,143.45 $382,238.60
205 $382,238.60 $1,001.12 $0.00 $2,161.23 $385,400.95
206 $385,400.95 $1,001.12 $0.00 $2,179.11 $388,581.18
207 $388,581.18 $1,001.12 $0.00 $2,197.09 $391,779.39
208 $391,779.39 $1,001.12 $0.00 $2,215.18 $394,995.69
209 $394,995.69 $1,001.12 $0.00 $2,233.36 $398,230.17
210 $398,230.17 $1,001.12 $0.00 $2,251.65 $401,482.94
211 $401,482.94 $1,001.12 $0.00 $2,270.04 $404,754.10
212 $404,754.10 $1,001.12 $0.00 $2,288.54 $408,043.76
213 $408,043.76 $1,001.12 $0.00 $2,307.14 $411,352.02
214 $411,352.02 $1,001.12 $0.00 $2,325.84 $414,678.98
215 $414,678.98 $1,001.12 $0.00 $2,344.66 $418,024.76
216 $418,024.76 $1,001.12 $0.00 $2,363.57 $421,389.45
217 $421,389.45 $1,001.12 $117,370.82 $2,382.60 $307,402.35
218 $307,402.35 $1,001.12 $0.00 $1,738.10 $310,141.57
219 $310,141.57 $1,001.12 $0.00 $1,753.59 $312,896.28
220 $312,896.28 $1,001.12 $0.00 $1,769.16 $315,666.56
221 $315,666.56 $1,001.12 $0.00 $1,784.82 $318,452.50
222 $318,452.50 $1,001.12 $0.00 $1,800.58 $321,254.20
223 $321,254.20 $1,001.12 $0.00 $1,816.42 $324,071.74
224 $324,071.74 $1,001.12 $0.00 $1,832.35 $326,905.21
225 $326,905.21 $1,001.12 $0.00 $1,848.37 $329,754.70
226 $329,754.70 $1,001.12 $0.00 $1,864.48 $332,620.30
227 $332,620.30 $1,001.12 $0.00 $1,880.68 $335,502.10
228 $335,502.10 $1,001.12 $0.00 $1,896.98 $338,400.20
229 $338,400.20 $1,001.12 $123,239.36 $1,913.36 $218,075.32
230 $218,075.32 $1,001.12 $0.00 $1,233.03 $220,309.47
231 $220,309.47 $1,001.12 $0.00 $1,245.66 $222,556.25
232 $222,556.25 $1,001.12 $0.00 $1,258.37 $224,815.74
233 $224,815.74 $1,001.12 $0.00 $1,271.14 $227,088.00
234 $227,088.00 $1,001.12 $0.00 $1,283.99 $229,373.11
235 $229,373.11 $1,001.12 $0.00 $1,296.91 $231,671.14
236 $231,671.14 $1,001.12 $0.00 $1,309.90 $233,982.16
237 $233,982.16 $1,001.12 $0.00 $1,322.97 $236,306.25
238 $236,306.25 $1,001.12 $0.00 $1,336.11 $238,643.48
239 $238,643.48 $1,001.12 $0.00 $1,349.32 $240,993.92
240 $240,993.92 $1,001.12 $0.00 $1,362.61 $243,357.65
241 $243,357.65 $1,001.12 $129,401.33 $1,375.98 $116,333.42
242 $116,333.42 $1,001.12 $0.00 $657.77 $117,992.31
243 $117,992.31 $1,001.12 $0.00 $667.15 $119,660.58
244 $119,660.58 $1,001.12 $0.00 $676.58 $121,338.28
245 $121,338.28 $1,001.12 $0.00 $686.06 $123,025.46
246 $123,025.46 $1,001.12 $0.00 $695.60 $124,722.18
247 $124,722.18 $1,001.12 $0.00 $705.20 $126,428.50
248 $126,428.50 $1,001.12 $0.00 $714.85 $128,144.47
249 $128,144.47 $1,001.12 $0.00 $724.55 $129,870.14
250 $129,870.14 $1,001.12 $0.00 $734.30 $131,605.56
251 $131,605.56 $1,001.12 $0.00 $744.12 $133,350.80
252 $133,350.80 $1,001.12 $0.00 $753.98 $135,105.90
253 $135,105.90 $0.00 $135,871.40 $763.91 ($1.59)