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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$126,173
Monthly savings required$999

How much will it cost to send your child to Roosevelt University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $504,690.03 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $998.76 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$48,655.00
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 $998.76 $0.00 $0.00 $998.76
2 $998.76 $998.76 $0.00 $5.65 $2,003.17
3 $2,003.17 $998.76 $0.00 $11.33 $3,013.26
4 $3,013.26 $998.76 $0.00 $17.04 $4,029.06
5 $4,029.06 $998.76 $0.00 $22.78 $5,050.60
6 $5,050.60 $998.76 $0.00 $28.56 $6,077.92
7 $6,077.92 $998.76 $0.00 $34.37 $7,111.05
8 $7,111.05 $998.76 $0.00 $40.21 $8,150.02
9 $8,150.02 $998.76 $0.00 $46.08 $9,194.86
10 $9,194.86 $998.76 $0.00 $51.99 $10,245.61
11 $10,245.61 $998.76 $0.00 $57.93 $11,302.30
12 $11,302.30 $998.76 $0.00 $63.90 $12,364.96
13 $12,364.96 $998.76 $0.00 $69.91 $13,433.63
14 $13,433.63 $998.76 $0.00 $75.96 $14,508.35
15 $14,508.35 $998.76 $0.00 $82.03 $15,589.14
16 $15,589.14 $998.76 $0.00 $88.14 $16,676.04
17 $16,676.04 $998.76 $0.00 $94.29 $17,769.09
18 $17,769.09 $998.76 $0.00 $100.47 $18,868.32
19 $18,868.32 $998.76 $0.00 $106.68 $19,973.76
20 $19,973.76 $998.76 $0.00 $112.93 $21,085.45
21 $21,085.45 $998.76 $0.00 $119.22 $22,203.43
22 $22,203.43 $998.76 $0.00 $125.54 $23,327.73
23 $23,327.73 $998.76 $0.00 $131.90 $24,458.39
24 $24,458.39 $998.76 $0.00 $138.29 $25,595.44
25 $25,595.44 $998.76 $0.00 $144.72 $26,738.92
26 $26,738.92 $998.76 $0.00 $151.19 $27,888.87
27 $27,888.87 $998.76 $0.00 $157.69 $29,045.32
28 $29,045.32 $998.76 $0.00 $164.23 $30,208.31
29 $30,208.31 $998.76 $0.00 $170.80 $31,377.87
30 $31,377.87 $998.76 $0.00 $177.42 $32,554.05
31 $32,554.05 $998.76 $0.00 $184.07 $33,736.88
32 $33,736.88 $998.76 $0.00 $190.75 $34,926.39
33 $34,926.39 $998.76 $0.00 $197.48 $36,122.63
34 $36,122.63 $998.76 $0.00 $204.24 $37,325.63
35 $37,325.63 $998.76 $0.00 $211.04 $38,535.43
36 $38,535.43 $998.76 $0.00 $217.88 $39,752.07
37 $39,752.07 $998.76 $0.00 $224.76 $40,975.59
38 $40,975.59 $998.76 $0.00 $231.68 $42,206.03
39 $42,206.03 $998.76 $0.00 $238.64 $43,443.43
40 $43,443.43 $998.76 $0.00 $245.64 $44,687.83
41 $44,687.83 $998.76 $0.00 $252.67 $45,939.26
42 $45,939.26 $998.76 $0.00 $259.75 $47,197.77
43 $47,197.77 $998.76 $0.00 $266.86 $48,463.39
44 $48,463.39 $998.76 $0.00 $274.02 $49,736.17
45 $49,736.17 $998.76 $0.00 $281.22 $51,016.15
46 $51,016.15 $998.76 $0.00 $288.45 $52,303.36
47 $52,303.36 $998.76 $0.00 $295.73 $53,597.85
48 $53,597.85 $998.76 $0.00 $303.05 $54,899.66
49 $54,899.66 $998.76 $0.00 $310.41 $56,208.83
50 $56,208.83 $998.76 $0.00 $317.81 $57,525.40
51 $57,525.40 $998.76 $0.00 $325.26 $58,849.42
52 $58,849.42 $998.76 $0.00 $332.74 $60,180.92
53 $60,180.92 $998.76 $0.00 $340.27 $61,519.95
54 $61,519.95 $998.76 $0.00 $347.84 $62,866.55
55 $62,866.55 $998.76 $0.00 $355.46 $64,220.77
56 $64,220.77 $998.76 $0.00 $363.11 $65,582.64
57 $65,582.64 $998.76 $0.00 $370.81 $66,952.21
58 $66,952.21 $998.76 $0.00 $378.56 $68,329.53
59 $68,329.53 $998.76 $0.00 $386.35 $69,714.64
60 $69,714.64 $998.76 $0.00 $394.18 $71,107.58
61 $71,107.58 $998.76 $0.00 $402.05 $72,508.39
62 $72,508.39 $998.76 $0.00 $409.97 $73,917.12
63 $73,917.12 $998.76 $0.00 $417.94 $75,333.82
64 $75,333.82 $998.76 $0.00 $425.95 $76,758.53
65 $76,758.53 $998.76 $0.00 $434.00 $78,191.29
66 $78,191.29 $998.76 $0.00 $442.10 $79,632.15
67 $79,632.15 $998.76 $0.00 $450.25 $81,081.16
68 $81,081.16 $998.76 $0.00 $458.44 $82,538.36
69 $82,538.36 $998.76 $0.00 $466.68 $84,003.80
70 $84,003.80 $998.76 $0.00 $474.97 $85,477.53
71 $85,477.53 $998.76 $0.00 $483.30 $86,959.59
72 $86,959.59 $998.76 $0.00 $491.68 $88,450.03
73 $88,450.03 $998.76 $0.00 $500.11 $89,948.90
74 $89,948.90 $998.76 $0.00 $508.58 $91,456.24
75 $91,456.24 $998.76 $0.00 $517.11 $92,972.11
76 $92,972.11 $998.76 $0.00 $525.68 $94,496.55
77 $94,496.55 $998.76 $0.00 $534.30 $96,029.61
78 $96,029.61 $998.76 $0.00 $542.97 $97,571.34
79 $97,571.34 $998.76 $0.00 $551.68 $99,121.78
80 $99,121.78 $998.76 $0.00 $560.45 $100,680.99
81 $100,680.99 $998.76 $0.00 $569.26 $102,249.01
82 $102,249.01 $998.76 $0.00 $578.13 $103,825.90
83 $103,825.90 $998.76 $0.00 $587.05 $105,411.71
84 $105,411.71 $998.76 $0.00 $596.01 $107,006.48
85 $107,006.48 $998.76 $0.00 $605.03 $108,610.27
86 $108,610.27 $998.76 $0.00 $614.10 $110,223.13
87 $110,223.13 $998.76 $0.00 $623.22 $111,845.11
88 $111,845.11 $998.76 $0.00 $632.39 $113,476.26
89 $113,476.26 $998.76 $0.00 $641.61 $115,116.63
90 $115,116.63 $998.76 $0.00 $650.89 $116,766.28
91 $116,766.28 $998.76 $0.00 $660.21 $118,425.25
92 $118,425.25 $998.76 $0.00 $669.59 $120,093.60
93 $120,093.60 $998.76 $0.00 $679.03 $121,771.39
94 $121,771.39 $998.76 $0.00 $688.51 $123,458.66
95 $123,458.66 $998.76 $0.00 $698.05 $125,155.47
96 $125,155.47 $998.76 $0.00 $707.65 $126,861.88
97 $126,861.88 $998.76 $0.00 $717.30 $128,577.94
98 $128,577.94 $998.76 $0.00 $727.00 $130,303.70
99 $130,303.70 $998.76 $0.00 $736.76 $132,039.22
100 $132,039.22 $998.76 $0.00 $746.57 $133,784.55
101 $133,784.55 $998.76 $0.00 $756.44 $135,539.75
102 $135,539.75 $998.76 $0.00 $766.36 $137,304.87
103 $137,304.87 $998.76 $0.00 $776.34 $139,079.97
104 $139,079.97 $998.76 $0.00 $786.38 $140,865.11
105 $140,865.11 $998.76 $0.00 $796.47 $142,660.34
106 $142,660.34 $998.76 $0.00 $806.62 $144,465.72
107 $144,465.72 $998.76 $0.00 $816.83 $146,281.31
108 $146,281.31 $998.76 $0.00 $827.10 $148,107.17
109 $148,107.17 $998.76 $0.00 $837.42 $149,943.35
110 $149,943.35 $998.76 $0.00 $847.80 $151,789.91
111 $151,789.91 $998.76 $0.00 $858.24 $153,646.91
112 $153,646.91 $998.76 $0.00 $868.74 $155,514.41
113 $155,514.41 $998.76 $0.00 $879.30 $157,392.47
114 $157,392.47 $998.76 $0.00 $889.92 $159,281.15
115 $159,281.15 $998.76 $0.00 $900.60 $161,180.51
116 $161,180.51 $998.76 $0.00 $911.34 $163,090.61
117 $163,090.61 $998.76 $0.00 $922.14 $165,011.51
118 $165,011.51 $998.76 $0.00 $933.00 $166,943.27
119 $166,943.27 $998.76 $0.00 $943.92 $168,885.95
120 $168,885.95 $998.76 $0.00 $954.91 $170,839.62
121 $170,839.62 $998.76 $0.00 $965.95 $172,804.33
122 $172,804.33 $998.76 $0.00 $977.06 $174,780.15
123 $174,780.15 $998.76 $0.00 $988.23 $176,767.14
124 $176,767.14 $998.76 $0.00 $999.47 $178,765.37
125 $178,765.37 $998.76 $0.00 $1,010.77 $180,774.90
126 $180,774.90 $998.76 $0.00 $1,022.13 $182,795.79
127 $182,795.79 $998.76 $0.00 $1,033.55 $184,828.10
128 $184,828.10 $998.76 $0.00 $1,045.04 $186,871.90
129 $186,871.90 $998.76 $0.00 $1,056.60 $188,927.26
130 $188,927.26 $998.76 $0.00 $1,068.22 $190,994.24
131 $190,994.24 $998.76 $0.00 $1,079.91 $193,072.91
132 $193,072.91 $998.76 $0.00 $1,091.66 $195,163.33
133 $195,163.33 $998.76 $0.00 $1,103.48 $197,265.57
134 $197,265.57 $998.76 $0.00 $1,115.37 $199,379.70
135 $199,379.70 $998.76 $0.00 $1,127.32 $201,505.78
136 $201,505.78 $998.76 $0.00 $1,139.34 $203,643.88
137 $203,643.88 $998.76 $0.00 $1,151.43 $205,794.07
138 $205,794.07 $998.76 $0.00 $1,163.59 $207,956.42
139 $207,956.42 $998.76 $0.00 $1,175.82 $210,131.00
140 $210,131.00 $998.76 $0.00 $1,188.11 $212,317.87
141 $212,317.87 $998.76 $0.00 $1,200.48 $214,517.11
142 $214,517.11 $998.76 $0.00 $1,212.91 $216,728.78
143 $216,728.78 $998.76 $0.00 $1,225.42 $218,952.96
144 $218,952.96 $998.76 $0.00 $1,237.99 $221,189.71
145 $221,189.71 $998.76 $0.00 $1,250.64 $223,439.11
146 $223,439.11 $998.76 $0.00 $1,263.36 $225,701.23
147 $225,701.23 $998.76 $0.00 $1,276.15 $227,976.14
148 $227,976.14 $998.76 $0.00 $1,289.01 $230,263.91
149 $230,263.91 $998.76 $0.00 $1,301.95 $232,564.62
150 $232,564.62 $998.76 $0.00 $1,314.95 $234,878.33
151 $234,878.33 $998.76 $0.00 $1,328.04 $237,205.13
152 $237,205.13 $998.76 $0.00 $1,341.19 $239,545.08
153 $239,545.08 $998.76 $0.00 $1,354.42 $241,898.26
154 $241,898.26 $998.76 $0.00 $1,367.73 $244,264.75
155 $244,264.75 $998.76 $0.00 $1,381.11 $246,644.62
156 $246,644.62 $998.76 $0.00 $1,394.56 $249,037.94
157 $249,037.94 $998.76 $0.00 $1,408.10 $251,444.80
158 $251,444.80 $998.76 $0.00 $1,421.71 $253,865.27
159 $253,865.27 $998.76 $0.00 $1,435.39 $256,299.42
160 $256,299.42 $998.76 $0.00 $1,449.15 $258,747.33
161 $258,747.33 $998.76 $0.00 $1,463.00 $261,209.09
162 $261,209.09 $998.76 $0.00 $1,476.91 $263,684.76
163 $263,684.76 $998.76 $0.00 $1,490.91 $266,174.43
164 $266,174.43 $998.76 $0.00 $1,504.99 $268,678.18
165 $268,678.18 $998.76 $0.00 $1,519.15 $271,196.09
166 $271,196.09 $998.76 $0.00 $1,533.38 $273,728.23
167 $273,728.23 $998.76 $0.00 $1,547.70 $276,274.69
168 $276,274.69 $998.76 $0.00 $1,562.10 $278,835.55
169 $278,835.55 $998.76 $0.00 $1,576.58 $281,410.89
170 $281,410.89 $998.76 $0.00 $1,591.14 $284,000.79
171 $284,000.79 $998.76 $0.00 $1,605.78 $286,605.33
172 $286,605.33 $998.76 $0.00 $1,620.51 $289,224.60
173 $289,224.60 $998.76 $0.00 $1,635.32 $291,858.68
174 $291,858.68 $998.76 $0.00 $1,650.21 $294,507.65
175 $294,507.65 $998.76 $0.00 $1,665.19 $297,171.60
176 $297,171.60 $998.76 $0.00 $1,680.25 $299,850.61
177 $299,850.61 $998.76 $0.00 $1,695.40 $302,544.77
178 $302,544.77 $998.76 $0.00 $1,710.63 $305,254.16
179 $305,254.16 $998.76 $0.00 $1,725.95 $307,978.87
180 $307,978.87 $998.76 $0.00 $1,741.36 $310,718.99
181 $310,718.99 $998.76 $0.00 $1,756.85 $313,474.60
182 $313,474.60 $998.76 $0.00 $1,772.43 $316,245.79
183 $316,245.79 $998.76 $0.00 $1,788.10 $319,032.65
184 $319,032.65 $998.76 $0.00 $1,803.86 $321,835.27
185 $321,835.27 $998.76 $0.00 $1,819.70 $324,653.73
186 $324,653.73 $998.76 $0.00 $1,835.64 $327,488.13
187 $327,488.13 $998.76 $0.00 $1,851.67 $330,338.56
188 $330,338.56 $998.76 $0.00 $1,867.78 $333,205.10
189 $333,205.10 $998.76 $0.00 $1,883.99 $336,087.85
190 $336,087.85 $998.76 $0.00 $1,900.29 $338,986.90
191 $338,986.90 $998.76 $0.00 $1,916.68 $341,902.34
192 $341,902.34 $998.76 $0.00 $1,933.17 $344,834.27
193 $344,834.27 $998.76 $0.00 $1,949.74 $347,782.77
194 $347,782.77 $998.76 $0.00 $1,966.41 $350,747.94
195 $350,747.94 $998.76 $0.00 $1,983.18 $353,729.88
196 $353,729.88 $998.76 $0.00 $2,000.04 $356,728.68
197 $356,728.68 $998.76 $0.00 $2,017.00 $359,744.44
198 $359,744.44 $998.76 $0.00 $2,034.05 $362,777.25
199 $362,777.25 $998.76 $0.00 $2,051.20 $365,827.21
200 $365,827.21 $998.76 $0.00 $2,068.44 $368,894.41
201 $368,894.41 $998.76 $0.00 $2,085.78 $371,978.95
202 $371,978.95 $998.76 $0.00 $2,103.22 $375,080.93
203 $375,080.93 $998.76 $0.00 $2,120.76 $378,200.45
204 $378,200.45 $998.76 $0.00 $2,138.40 $381,337.61
205 $381,337.61 $998.76 $0.00 $2,156.14 $384,492.51
206 $384,492.51 $998.76 $0.00 $2,173.98 $387,665.25
207 $387,665.25 $998.76 $0.00 $2,191.92 $390,855.93
208 $390,855.93 $998.76 $0.00 $2,209.96 $394,064.65
209 $394,064.65 $998.76 $0.00 $2,228.10 $397,291.51
210 $397,291.51 $998.76 $0.00 $2,246.34 $400,536.61
211 $400,536.61 $998.76 $0.00 $2,264.69 $403,800.06
212 $403,800.06 $998.76 $0.00 $2,283.14 $407,081.96
213 $407,081.96 $998.76 $0.00 $2,301.70 $410,382.42
214 $410,382.42 $998.76 $0.00 $2,320.36 $413,701.54
215 $413,701.54 $998.76 $0.00 $2,339.13 $417,039.43
216 $417,039.43 $998.76 $0.00 $2,358.00 $420,396.19
217 $420,396.19 $998.76 $117,094.06 $2,376.98 $306,677.87
218 $306,677.87 $998.76 $0.00 $1,734.00 $309,410.63
219 $309,410.63 $998.76 $0.00 $1,749.45 $312,158.84
220 $312,158.84 $998.76 $0.00 $1,764.99 $314,922.59
221 $314,922.59 $998.76 $0.00 $1,780.62 $317,701.97
222 $317,701.97 $998.76 $0.00 $1,796.33 $320,497.06
223 $320,497.06 $998.76 $0.00 $1,812.14 $323,307.96
224 $323,307.96 $998.76 $0.00 $1,828.03 $326,134.75
225 $326,134.75 $998.76 $0.00 $1,844.01 $328,977.52
226 $328,977.52 $998.76 $0.00 $1,860.09 $331,836.37
227 $331,836.37 $998.76 $0.00 $1,876.25 $334,711.38
228 $334,711.38 $998.76 $0.00 $1,892.51 $337,602.65
229 $337,602.65 $998.76 $122,948.76 $1,908.85 $217,561.50
230 $217,561.50 $998.76 $0.00 $1,230.12 $219,790.38
231 $219,790.38 $998.76 $0.00 $1,242.73 $222,031.87
232 $222,031.87 $998.76 $0.00 $1,255.40 $224,286.03
233 $224,286.03 $998.76 $0.00 $1,268.15 $226,552.94
234 $226,552.94 $998.76 $0.00 $1,280.96 $228,832.66
235 $228,832.66 $998.76 $0.00 $1,293.85 $231,125.27
236 $231,125.27 $998.76 $0.00 $1,306.82 $233,430.85
237 $233,430.85 $998.76 $0.00 $1,319.85 $235,749.46
238 $235,749.46 $998.76 $0.00 $1,332.96 $238,081.18
239 $238,081.18 $998.76 $0.00 $1,346.15 $240,426.09
240 $240,426.09 $998.76 $0.00 $1,359.40 $242,784.25
241 $242,784.25 $998.76 $129,096.20 $1,372.74 $116,059.55
242 $116,059.55 $998.76 $0.00 $656.22 $117,714.53
243 $117,714.53 $998.76 $0.00 $665.58 $119,378.87
244 $119,378.87 $998.76 $0.00 $674.99 $121,052.62
245 $121,052.62 $998.76 $0.00 $684.45 $122,735.83
246 $122,735.83 $998.76 $0.00 $693.97 $124,428.56
247 $124,428.56 $998.76 $0.00 $703.54 $126,130.86
248 $126,130.86 $998.76 $0.00 $713.16 $127,842.78
249 $127,842.78 $998.76 $0.00 $722.84 $129,564.38
250 $129,564.38 $998.76 $0.00 $732.58 $131,295.72
251 $131,295.72 $998.76 $0.00 $742.37 $133,036.85
252 $133,036.85 $998.76 $0.00 $752.21 $134,787.82
253 $134,787.82 $0.00 $135,551.01 $762.11 ($1.08)