Savings Plan and Future Cost Estimation for Rockford University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$188,034
Monthly savings required$1,486

How much will it cost to send your child to Rockford University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $752,136.14 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,486.08 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$50,120.00
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 $1,486.08 $0.00 $0.00 $1,486.08
2 $1,486.08 $1,486.08 $0.00 $8.40 $2,980.56
3 $2,980.56 $1,486.08 $0.00 $16.85 $4,483.49
4 $4,483.49 $1,486.08 $0.00 $25.35 $5,994.92
5 $5,994.92 $1,486.08 $0.00 $33.90 $7,514.90
6 $7,514.90 $1,486.08 $0.00 $42.49 $9,043.47
7 $9,043.47 $1,486.08 $0.00 $51.13 $10,580.68
8 $10,580.68 $1,486.08 $0.00 $59.82 $12,126.58
9 $12,126.58 $1,486.08 $0.00 $68.57 $13,681.23
10 $13,681.23 $1,486.08 $0.00 $77.36 $15,244.67
11 $15,244.67 $1,486.08 $0.00 $86.20 $16,816.95
12 $16,816.95 $1,486.08 $0.00 $95.09 $18,398.12
13 $18,398.12 $1,486.08 $0.00 $104.03 $19,988.23
14 $19,988.23 $1,486.08 $0.00 $113.02 $21,587.33
15 $21,587.33 $1,486.08 $0.00 $122.06 $23,195.47
16 $23,195.47 $1,486.08 $0.00 $131.15 $24,812.70
17 $24,812.70 $1,486.08 $0.00 $140.29 $26,439.07
18 $26,439.07 $1,486.08 $0.00 $149.49 $28,074.64
19 $28,074.64 $1,486.08 $0.00 $158.74 $29,719.46
20 $29,719.46 $1,486.08 $0.00 $168.04 $31,373.58
21 $31,373.58 $1,486.08 $0.00 $177.39 $33,037.05
22 $33,037.05 $1,486.08 $0.00 $186.80 $34,709.93
23 $34,709.93 $1,486.08 $0.00 $196.25 $36,392.26
24 $36,392.26 $1,486.08 $0.00 $205.77 $38,084.11
25 $38,084.11 $1,486.08 $0.00 $215.33 $39,785.52
26 $39,785.52 $1,486.08 $0.00 $224.95 $41,496.55
27 $41,496.55 $1,486.08 $0.00 $234.63 $43,217.26
28 $43,217.26 $1,486.08 $0.00 $244.36 $44,947.70
29 $44,947.70 $1,486.08 $0.00 $254.14 $46,687.92
30 $46,687.92 $1,486.08 $0.00 $263.98 $48,437.98
31 $48,437.98 $1,486.08 $0.00 $273.88 $50,197.94
32 $50,197.94 $1,486.08 $0.00 $283.83 $51,967.85
33 $51,967.85 $1,486.08 $0.00 $293.83 $53,747.76
34 $53,747.76 $1,486.08 $0.00 $303.90 $55,537.74
35 $55,537.74 $1,486.08 $0.00 $314.02 $57,337.84
36 $57,337.84 $1,486.08 $0.00 $324.20 $59,148.12
37 $59,148.12 $1,486.08 $0.00 $334.43 $60,968.63
38 $60,968.63 $1,486.08 $0.00 $344.73 $62,799.44
39 $62,799.44 $1,486.08 $0.00 $355.08 $64,640.60
40 $64,640.60 $1,486.08 $0.00 $365.49 $66,492.17
41 $66,492.17 $1,486.08 $0.00 $375.96 $68,354.21
42 $68,354.21 $1,486.08 $0.00 $386.48 $70,226.77
43 $70,226.77 $1,486.08 $0.00 $397.07 $72,109.92
44 $72,109.92 $1,486.08 $0.00 $407.72 $74,003.72
45 $74,003.72 $1,486.08 $0.00 $418.43 $75,908.23
46 $75,908.23 $1,486.08 $0.00 $429.20 $77,823.51
47 $77,823.51 $1,486.08 $0.00 $440.03 $79,749.62
48 $79,749.62 $1,486.08 $0.00 $450.92 $81,686.62
49 $81,686.62 $1,486.08 $0.00 $461.87 $83,634.57
50 $83,634.57 $1,486.08 $0.00 $472.88 $85,593.53
51 $85,593.53 $1,486.08 $0.00 $483.96 $87,563.57
52 $87,563.57 $1,486.08 $0.00 $495.10 $89,544.75
53 $89,544.75 $1,486.08 $0.00 $506.30 $91,537.13
54 $91,537.13 $1,486.08 $0.00 $517.56 $93,540.77
55 $93,540.77 $1,486.08 $0.00 $528.89 $95,555.74
56 $95,555.74 $1,486.08 $0.00 $540.29 $97,582.11
57 $97,582.11 $1,486.08 $0.00 $551.74 $99,619.93
58 $99,619.93 $1,486.08 $0.00 $563.27 $101,669.28
59 $101,669.28 $1,486.08 $0.00 $574.85 $103,730.21
60 $103,730.21 $1,486.08 $0.00 $586.51 $105,802.80
61 $105,802.80 $1,486.08 $0.00 $598.22 $107,887.10
62 $107,887.10 $1,486.08 $0.00 $610.01 $109,983.19
63 $109,983.19 $1,486.08 $0.00 $621.86 $112,091.13
64 $112,091.13 $1,486.08 $0.00 $633.78 $114,210.99
65 $114,210.99 $1,486.08 $0.00 $645.77 $116,342.84
66 $116,342.84 $1,486.08 $0.00 $657.82 $118,486.74
67 $118,486.74 $1,486.08 $0.00 $669.94 $120,642.76
68 $120,642.76 $1,486.08 $0.00 $682.13 $122,810.97
69 $122,810.97 $1,486.08 $0.00 $694.39 $124,991.44
70 $124,991.44 $1,486.08 $0.00 $706.72 $127,184.24
71 $127,184.24 $1,486.08 $0.00 $719.12 $129,389.44
72 $129,389.44 $1,486.08 $0.00 $731.59 $131,607.11
73 $131,607.11 $1,486.08 $0.00 $744.13 $133,837.32
74 $133,837.32 $1,486.08 $0.00 $756.74 $136,080.14
75 $136,080.14 $1,486.08 $0.00 $769.42 $138,335.64
76 $138,335.64 $1,486.08 $0.00 $782.17 $140,603.89
77 $140,603.89 $1,486.08 $0.00 $794.99 $142,884.96
78 $142,884.96 $1,486.08 $0.00 $807.89 $145,178.93
79 $145,178.93 $1,486.08 $0.00 $820.86 $147,485.87
80 $147,485.87 $1,486.08 $0.00 $833.91 $149,805.86
81 $149,805.86 $1,486.08 $0.00 $847.02 $152,138.96
82 $152,138.96 $1,486.08 $0.00 $860.22 $154,485.26
83 $154,485.26 $1,486.08 $0.00 $873.48 $156,844.82
84 $156,844.82 $1,486.08 $0.00 $886.82 $159,217.72
85 $159,217.72 $1,486.08 $0.00 $900.24 $161,604.04
86 $161,604.04 $1,486.08 $0.00 $913.73 $164,003.85
87 $164,003.85 $1,486.08 $0.00 $927.30 $166,417.23
88 $166,417.23 $1,486.08 $0.00 $940.95 $168,844.26
89 $168,844.26 $1,486.08 $0.00 $954.67 $171,285.01
90 $171,285.01 $1,486.08 $0.00 $968.47 $173,739.56
91 $173,739.56 $1,486.08 $0.00 $982.35 $176,207.99
92 $176,207.99 $1,486.08 $0.00 $996.31 $178,690.38
93 $178,690.38 $1,486.08 $0.00 $1,010.34 $181,186.80
94 $181,186.80 $1,486.08 $0.00 $1,024.46 $183,697.34
95 $183,697.34 $1,486.08 $0.00 $1,038.65 $186,222.07
96 $186,222.07 $1,486.08 $0.00 $1,052.93 $188,761.08
97 $188,761.08 $1,486.08 $0.00 $1,067.28 $191,314.44
98 $191,314.44 $1,486.08 $0.00 $1,081.72 $193,882.24
99 $193,882.24 $1,486.08 $0.00 $1,096.24 $196,464.56
100 $196,464.56 $1,486.08 $0.00 $1,110.84 $199,061.48
101 $199,061.48 $1,486.08 $0.00 $1,125.52 $201,673.08
102 $201,673.08 $1,486.08 $0.00 $1,140.29 $204,299.45
103 $204,299.45 $1,486.08 $0.00 $1,155.14 $206,940.67
104 $206,940.67 $1,486.08 $0.00 $1,170.07 $209,596.82
105 $209,596.82 $1,486.08 $0.00 $1,185.09 $212,267.99
106 $212,267.99 $1,486.08 $0.00 $1,200.19 $214,954.26
107 $214,954.26 $1,486.08 $0.00 $1,215.38 $217,655.72
108 $217,655.72 $1,486.08 $0.00 $1,230.66 $220,372.46
109 $220,372.46 $1,486.08 $0.00 $1,246.02 $223,104.56
110 $223,104.56 $1,486.08 $0.00 $1,261.47 $225,852.11
111 $225,852.11 $1,486.08 $0.00 $1,277.00 $228,615.19
112 $228,615.19 $1,486.08 $0.00 $1,292.62 $231,393.89
113 $231,393.89 $1,486.08 $0.00 $1,308.33 $234,188.30
114 $234,188.30 $1,486.08 $0.00 $1,324.13 $236,998.51
115 $236,998.51 $1,486.08 $0.00 $1,340.02 $239,824.61
116 $239,824.61 $1,486.08 $0.00 $1,356.00 $242,666.69
117 $242,666.69 $1,486.08 $0.00 $1,372.07 $245,524.84
118 $245,524.84 $1,486.08 $0.00 $1,388.23 $248,399.15
119 $248,399.15 $1,486.08 $0.00 $1,404.48 $251,289.71
120 $251,289.71 $1,486.08 $0.00 $1,420.83 $254,196.62
121 $254,196.62 $1,486.08 $0.00 $1,437.26 $257,119.96
122 $257,119.96 $1,486.08 $0.00 $1,453.79 $260,059.83
123 $260,059.83 $1,486.08 $0.00 $1,470.42 $263,016.33
124 $263,016.33 $1,486.08 $0.00 $1,487.13 $265,989.54
125 $265,989.54 $1,486.08 $0.00 $1,503.94 $268,979.56
126 $268,979.56 $1,486.08 $0.00 $1,520.85 $271,986.49
127 $271,986.49 $1,486.08 $0.00 $1,537.85 $275,010.42
128 $275,010.42 $1,486.08 $0.00 $1,554.95 $278,051.45
129 $278,051.45 $1,486.08 $0.00 $1,572.14 $281,109.67
130 $281,109.67 $1,486.08 $0.00 $1,589.43 $284,185.18
131 $284,185.18 $1,486.08 $0.00 $1,606.82 $287,278.08
132 $287,278.08 $1,486.08 $0.00 $1,624.31 $290,388.47
133 $290,388.47 $1,486.08 $0.00 $1,641.90 $293,516.45
134 $293,516.45 $1,486.08 $0.00 $1,659.58 $296,662.11
135 $296,662.11 $1,486.08 $0.00 $1,677.37 $299,825.56
136 $299,825.56 $1,486.08 $0.00 $1,695.26 $303,006.90
137 $303,006.90 $1,486.08 $0.00 $1,713.25 $306,206.23
138 $306,206.23 $1,486.08 $0.00 $1,731.33 $309,423.64
139 $309,423.64 $1,486.08 $0.00 $1,749.53 $312,659.25
140 $312,659.25 $1,486.08 $0.00 $1,767.82 $315,913.15
141 $315,913.15 $1,486.08 $0.00 $1,786.22 $319,185.45
142 $319,185.45 $1,486.08 $0.00 $1,804.72 $322,476.25
143 $322,476.25 $1,486.08 $0.00 $1,823.33 $325,785.66
144 $325,785.66 $1,486.08 $0.00 $1,842.04 $329,113.78
145 $329,113.78 $1,486.08 $0.00 $1,860.86 $332,460.72
146 $332,460.72 $1,486.08 $0.00 $1,879.78 $335,826.58
147 $335,826.58 $1,486.08 $0.00 $1,898.81 $339,211.47
148 $339,211.47 $1,486.08 $0.00 $1,917.95 $342,615.50
149 $342,615.50 $1,486.08 $0.00 $1,937.20 $346,038.78
150 $346,038.78 $1,486.08 $0.00 $1,956.55 $349,481.41
151 $349,481.41 $1,486.08 $0.00 $1,976.02 $352,943.51
152 $352,943.51 $1,486.08 $0.00 $1,995.59 $356,425.18
153 $356,425.18 $1,486.08 $0.00 $2,015.28 $359,926.54
154 $359,926.54 $1,486.08 $0.00 $2,035.08 $363,447.70
155 $363,447.70 $1,486.08 $0.00 $2,054.99 $366,988.77
156 $366,988.77 $1,486.08 $0.00 $2,075.01 $370,549.86
157 $370,549.86 $1,486.08 $0.00 $2,095.14 $374,131.08
158 $374,131.08 $1,486.08 $0.00 $2,115.39 $377,732.55
159 $377,732.55 $1,486.08 $0.00 $2,135.75 $381,354.38
160 $381,354.38 $1,486.08 $0.00 $2,156.23 $384,996.69
161 $384,996.69 $1,486.08 $0.00 $2,176.83 $388,659.60
162 $388,659.60 $1,486.08 $0.00 $2,197.54 $392,343.22
163 $392,343.22 $1,486.08 $0.00 $2,218.37 $396,047.67
164 $396,047.67 $1,486.08 $0.00 $2,239.31 $399,773.06
165 $399,773.06 $1,486.08 $0.00 $2,260.38 $403,519.52
166 $403,519.52 $1,486.08 $0.00 $2,281.56 $407,287.16
167 $407,287.16 $1,486.08 $0.00 $2,302.86 $411,076.10
168 $411,076.10 $1,486.08 $0.00 $2,324.28 $414,886.46
169 $414,886.46 $1,486.08 $0.00 $2,345.83 $418,718.37
170 $418,718.37 $1,486.08 $0.00 $2,367.49 $422,571.94
171 $422,571.94 $1,486.08 $0.00 $2,389.28 $426,447.30
172 $426,447.30 $1,486.08 $0.00 $2,411.20 $430,344.58
173 $430,344.58 $1,486.08 $0.00 $2,433.23 $434,263.89
174 $434,263.89 $1,486.08 $0.00 $2,455.39 $438,205.36
175 $438,205.36 $1,486.08 $0.00 $2,477.68 $442,169.12
176 $442,169.12 $1,486.08 $0.00 $2,500.09 $446,155.29
177 $446,155.29 $1,486.08 $0.00 $2,522.63 $450,164.00
178 $450,164.00 $1,486.08 $0.00 $2,545.29 $454,195.37
179 $454,195.37 $1,486.08 $0.00 $2,568.09 $458,249.54
180 $458,249.54 $1,486.08 $0.00 $2,591.01 $462,326.63
181 $462,326.63 $1,486.08 $0.00 $2,614.06 $466,426.77
182 $466,426.77 $1,486.08 $0.00 $2,637.24 $470,550.09
183 $470,550.09 $1,486.08 $0.00 $2,660.56 $474,696.73
184 $474,696.73 $1,486.08 $0.00 $2,684.00 $478,866.81
185 $478,866.81 $1,486.08 $0.00 $2,707.58 $483,060.47
186 $483,060.47 $1,486.08 $0.00 $2,731.29 $487,277.84
187 $487,277.84 $1,486.08 $0.00 $2,755.14 $491,519.06
188 $491,519.06 $1,486.08 $0.00 $2,779.12 $495,784.26
189 $495,784.26 $1,486.08 $0.00 $2,803.24 $500,073.58
190 $500,073.58 $1,486.08 $0.00 $2,827.49 $504,387.15
191 $504,387.15 $1,486.08 $0.00 $2,851.88 $508,725.11
192 $508,725.11 $1,486.08 $0.00 $2,876.41 $513,087.60
193 $513,087.60 $1,486.08 $0.00 $2,901.07 $517,474.75
194 $517,474.75 $1,486.08 $0.00 $2,925.88 $521,886.71
195 $521,886.71 $1,486.08 $0.00 $2,950.82 $526,323.61
196 $526,323.61 $1,486.08 $0.00 $2,975.91 $530,785.60
197 $530,785.60 $1,486.08 $0.00 $3,001.14 $535,272.82
198 $535,272.82 $1,486.08 $0.00 $3,026.51 $539,785.41
199 $539,785.41 $1,486.08 $0.00 $3,052.03 $544,323.52
200 $544,323.52 $1,486.08 $0.00 $3,077.68 $548,887.28
201 $548,887.28 $1,486.08 $0.00 $3,103.49 $553,476.85
202 $553,476.85 $1,486.08 $0.00 $3,129.44 $558,092.37
203 $558,092.37 $1,486.08 $0.00 $3,155.54 $562,733.99
204 $562,733.99 $1,486.08 $0.00 $3,181.78 $567,401.85
205 $567,401.85 $1,486.08 $0.00 $3,208.17 $572,096.10
206 $572,096.10 $1,486.08 $0.00 $3,234.71 $576,816.89
207 $576,816.89 $1,486.08 $0.00 $3,261.41 $581,564.38
208 $581,564.38 $1,486.08 $0.00 $3,288.25 $586,338.71
209 $586,338.71 $1,486.08 $0.00 $3,315.24 $591,140.03
210 $591,140.03 $1,486.08 $0.00 $3,342.39 $595,968.50
211 $595,968.50 $1,486.08 $0.00 $3,369.69 $600,824.27
212 $600,824.27 $1,486.08 $0.00 $3,397.15 $605,707.50
213 $605,707.50 $1,486.08 $0.00 $3,424.76 $610,618.34
214 $610,618.34 $1,486.08 $0.00 $3,452.52 $615,556.94
215 $615,556.94 $1,486.08 $0.00 $3,480.45 $620,523.47
216 $620,523.47 $1,486.08 $0.00 $3,508.53 $625,518.08
217 $625,518.08 $1,486.08 $169,402.21 $3,536.77 $461,138.72
218 $461,138.72 $1,486.08 $0.00 $2,607.35 $465,232.15
219 $465,232.15 $1,486.08 $0.00 $2,630.49 $469,348.72
220 $469,348.72 $1,486.08 $0.00 $2,653.77 $473,488.57
221 $473,488.57 $1,486.08 $0.00 $2,677.17 $477,651.82
222 $477,651.82 $1,486.08 $0.00 $2,700.71 $481,838.61
223 $481,838.61 $1,486.08 $0.00 $2,724.39 $486,049.08
224 $486,049.08 $1,486.08 $0.00 $2,748.19 $490,283.35
225 $490,283.35 $1,486.08 $0.00 $2,772.13 $494,541.56
226 $494,541.56 $1,486.08 $0.00 $2,796.21 $498,823.85
227 $498,823.85 $1,486.08 $0.00 $2,820.42 $503,130.35
228 $503,130.35 $1,486.08 $0.00 $2,844.77 $507,461.20
229 $507,461.20 $1,486.08 $181,260.36 $2,869.26 $330,556.18
230 $330,556.18 $1,486.08 $0.00 $1,869.01 $333,911.27
231 $333,911.27 $1,486.08 $0.00 $1,887.98 $337,285.33
232 $337,285.33 $1,486.08 $0.00 $1,907.06 $340,678.47
233 $340,678.47 $1,486.08 $0.00 $1,926.25 $344,090.80
234 $344,090.80 $1,486.08 $0.00 $1,945.54 $347,522.42
235 $347,522.42 $1,486.08 $0.00 $1,964.94 $350,973.44
236 $350,973.44 $1,486.08 $0.00 $1,984.45 $354,443.97
237 $354,443.97 $1,486.08 $0.00 $2,004.08 $357,934.13
238 $357,934.13 $1,486.08 $0.00 $2,023.81 $361,444.02
239 $361,444.02 $1,486.08 $0.00 $2,043.66 $364,973.76
240 $364,973.76 $1,486.08 $0.00 $2,063.61 $368,523.45
241 $368,523.45 $1,486.08 $193,948.59 $2,083.69 $178,144.63
242 $178,144.63 $1,486.08 $0.00 $1,007.26 $180,637.97
243 $180,637.97 $1,486.08 $0.00 $1,021.35 $183,145.40
244 $183,145.40 $1,486.08 $0.00 $1,035.53 $185,667.01
245 $185,667.01 $1,486.08 $0.00 $1,049.79 $188,202.88
246 $188,202.88 $1,486.08 $0.00 $1,064.13 $190,753.09
247 $190,753.09 $1,486.08 $0.00 $1,078.55 $193,317.72
248 $193,317.72 $1,486.08 $0.00 $1,093.05 $195,896.85
249 $195,896.85 $1,486.08 $0.00 $1,107.63 $198,490.56
250 $198,490.56 $1,486.08 $0.00 $1,122.29 $201,098.93
251 $201,098.93 $1,486.08 $0.00 $1,137.04 $203,722.05
252 $203,722.05 $1,486.08 $0.00 $1,151.87 $206,360.00
253 $206,360.00 $0.00 $207,524.99 $1,166.79 $1.80