Savings Plan and Future Cost Estimation for Roosevelt University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$134,245
Monthly savings required$1,063

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 $536,980.65 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,062.65 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$51,768.00
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 $1,062.65 $0.00 $0.00 $1,062.65
2 $1,062.65 $1,062.65 $0.00 $6.01 $2,131.31
3 $2,131.31 $1,062.65 $0.00 $12.05 $3,206.01
4 $3,206.01 $1,062.65 $0.00 $18.13 $4,286.79
5 $4,286.79 $1,062.65 $0.00 $24.24 $5,373.68
6 $5,373.68 $1,062.65 $0.00 $30.38 $6,466.71
7 $6,466.71 $1,062.65 $0.00 $36.56 $7,565.92
8 $7,565.92 $1,062.65 $0.00 $42.78 $8,671.35
9 $8,671.35 $1,062.65 $0.00 $49.03 $9,783.03
10 $9,783.03 $1,062.65 $0.00 $55.31 $10,900.99
11 $10,900.99 $1,062.65 $0.00 $61.64 $12,025.28
12 $12,025.28 $1,062.65 $0.00 $67.99 $13,155.92
13 $13,155.92 $1,062.65 $0.00 $74.39 $14,292.96
14 $14,292.96 $1,062.65 $0.00 $80.81 $15,436.42
15 $15,436.42 $1,062.65 $0.00 $87.28 $16,586.35
16 $16,586.35 $1,062.65 $0.00 $93.78 $17,742.78
17 $17,742.78 $1,062.65 $0.00 $100.32 $18,905.75
18 $18,905.75 $1,062.65 $0.00 $106.90 $20,075.30
19 $20,075.30 $1,062.65 $0.00 $113.51 $21,251.46
20 $21,251.46 $1,062.65 $0.00 $120.16 $22,434.27
21 $22,434.27 $1,062.65 $0.00 $126.85 $23,623.77
22 $23,623.77 $1,062.65 $0.00 $133.57 $24,819.99
23 $24,819.99 $1,062.65 $0.00 $140.34 $26,022.98
24 $26,022.98 $1,062.65 $0.00 $147.14 $27,232.77
25 $27,232.77 $1,062.65 $0.00 $153.98 $28,449.40
26 $28,449.40 $1,062.65 $0.00 $160.86 $29,672.91
27 $29,672.91 $1,062.65 $0.00 $167.77 $30,903.33
28 $30,903.33 $1,062.65 $0.00 $174.73 $32,140.71
29 $32,140.71 $1,062.65 $0.00 $181.73 $33,385.09
30 $33,385.09 $1,062.65 $0.00 $188.76 $34,636.50
31 $34,636.50 $1,062.65 $0.00 $195.84 $35,894.99
32 $35,894.99 $1,062.65 $0.00 $202.96 $37,160.60
33 $37,160.60 $1,062.65 $0.00 $210.11 $38,433.36
34 $38,433.36 $1,062.65 $0.00 $217.31 $39,713.32
35 $39,713.32 $1,062.65 $0.00 $224.54 $41,000.51
36 $41,000.51 $1,062.65 $0.00 $231.82 $42,294.98
37 $42,294.98 $1,062.65 $0.00 $239.14 $43,596.77
38 $43,596.77 $1,062.65 $0.00 $246.50 $44,905.92
39 $44,905.92 $1,062.65 $0.00 $253.90 $46,222.47
40 $46,222.47 $1,062.65 $0.00 $261.35 $47,546.47
41 $47,546.47 $1,062.65 $0.00 $268.83 $48,877.95
42 $48,877.95 $1,062.65 $0.00 $276.36 $50,216.96
43 $50,216.96 $1,062.65 $0.00 $283.93 $51,563.54
44 $51,563.54 $1,062.65 $0.00 $291.55 $52,917.74
45 $52,917.74 $1,062.65 $0.00 $299.20 $54,279.59
46 $54,279.59 $1,062.65 $0.00 $306.90 $55,649.14
47 $55,649.14 $1,062.65 $0.00 $314.65 $57,026.44
48 $57,026.44 $1,062.65 $0.00 $322.44 $58,411.53
49 $58,411.53 $1,062.65 $0.00 $330.27 $59,804.45
50 $59,804.45 $1,062.65 $0.00 $338.14 $61,205.24
51 $61,205.24 $1,062.65 $0.00 $346.06 $62,613.95
52 $62,613.95 $1,062.65 $0.00 $354.03 $64,030.63
53 $64,030.63 $1,062.65 $0.00 $362.04 $65,455.32
54 $65,455.32 $1,062.65 $0.00 $370.09 $66,888.06
55 $66,888.06 $1,062.65 $0.00 $378.19 $68,328.90
56 $68,328.90 $1,062.65 $0.00 $386.34 $69,777.89
57 $69,777.89 $1,062.65 $0.00 $394.53 $71,235.07
58 $71,235.07 $1,062.65 $0.00 $402.77 $72,700.49
59 $72,700.49 $1,062.65 $0.00 $411.06 $74,174.20
60 $74,174.20 $1,062.65 $0.00 $419.39 $75,656.24
61 $75,656.24 $1,062.65 $0.00 $427.77 $77,146.66
62 $77,146.66 $1,062.65 $0.00 $436.20 $78,645.51
63 $78,645.51 $1,062.65 $0.00 $444.67 $80,152.83
64 $80,152.83 $1,062.65 $0.00 $453.20 $81,668.68
65 $81,668.68 $1,062.65 $0.00 $461.77 $83,193.10
66 $83,193.10 $1,062.65 $0.00 $470.39 $84,726.14
67 $84,726.14 $1,062.65 $0.00 $479.05 $86,267.84
68 $86,267.84 $1,062.65 $0.00 $487.77 $87,818.26
69 $87,818.26 $1,062.65 $0.00 $496.54 $89,377.45
70 $89,377.45 $1,062.65 $0.00 $505.35 $90,945.45
71 $90,945.45 $1,062.65 $0.00 $514.22 $92,522.32
72 $92,522.32 $1,062.65 $0.00 $523.13 $94,108.10
73 $94,108.10 $1,062.65 $0.00 $532.10 $95,702.85
74 $95,702.85 $1,062.65 $0.00 $541.12 $97,306.62
75 $97,306.62 $1,062.65 $0.00 $550.19 $98,919.46
76 $98,919.46 $1,062.65 $0.00 $559.31 $100,541.42
77 $100,541.42 $1,062.65 $0.00 $568.48 $102,172.55
78 $102,172.55 $1,062.65 $0.00 $577.70 $103,812.90
79 $103,812.90 $1,062.65 $0.00 $586.97 $105,462.52
80 $105,462.52 $1,062.65 $0.00 $596.30 $107,121.47
81 $107,121.47 $1,062.65 $0.00 $605.68 $108,789.80
82 $108,789.80 $1,062.65 $0.00 $615.11 $110,467.56
83 $110,467.56 $1,062.65 $0.00 $624.60 $112,154.81
84 $112,154.81 $1,062.65 $0.00 $634.14 $113,851.60
85 $113,851.60 $1,062.65 $0.00 $643.73 $115,557.98
86 $115,557.98 $1,062.65 $0.00 $653.38 $117,274.01
87 $117,274.01 $1,062.65 $0.00 $663.08 $118,999.74
88 $118,999.74 $1,062.65 $0.00 $672.84 $120,735.23
89 $120,735.23 $1,062.65 $0.00 $682.65 $122,480.53
90 $122,480.53 $1,062.65 $0.00 $692.52 $124,235.70
91 $124,235.70 $1,062.65 $0.00 $702.45 $126,000.80
92 $126,000.80 $1,062.65 $0.00 $712.43 $127,775.88
93 $127,775.88 $1,062.65 $0.00 $722.46 $129,560.99
94 $129,560.99 $1,062.65 $0.00 $732.56 $131,356.20
95 $131,356.20 $1,062.65 $0.00 $742.71 $133,161.56
96 $133,161.56 $1,062.65 $0.00 $752.91 $134,977.12
97 $134,977.12 $1,062.65 $0.00 $763.18 $136,802.95
98 $136,802.95 $1,062.65 $0.00 $773.50 $138,639.10
99 $138,639.10 $1,062.65 $0.00 $783.89 $140,485.64
100 $140,485.64 $1,062.65 $0.00 $794.33 $142,342.62
101 $142,342.62 $1,062.65 $0.00 $804.83 $144,210.10
102 $144,210.10 $1,062.65 $0.00 $815.38 $146,088.13
103 $146,088.13 $1,062.65 $0.00 $826.00 $147,976.78
104 $147,976.78 $1,062.65 $0.00 $836.68 $149,876.11
105 $149,876.11 $1,062.65 $0.00 $847.42 $151,786.18
106 $151,786.18 $1,062.65 $0.00 $858.22 $153,707.05
107 $153,707.05 $1,062.65 $0.00 $869.08 $155,638.78
108 $155,638.78 $1,062.65 $0.00 $880.00 $157,581.43
109 $157,581.43 $1,062.65 $0.00 $890.99 $159,535.07
110 $159,535.07 $1,062.65 $0.00 $902.03 $161,499.75
111 $161,499.75 $1,062.65 $0.00 $913.14 $163,475.54
112 $163,475.54 $1,062.65 $0.00 $924.31 $165,462.50
113 $165,462.50 $1,062.65 $0.00 $935.55 $167,460.70
114 $167,460.70 $1,062.65 $0.00 $946.85 $169,470.20
115 $169,470.20 $1,062.65 $0.00 $958.21 $171,491.06
116 $171,491.06 $1,062.65 $0.00 $969.64 $173,523.35
117 $173,523.35 $1,062.65 $0.00 $981.13 $175,567.13
118 $175,567.13 $1,062.65 $0.00 $992.68 $177,622.46
119 $177,622.46 $1,062.65 $0.00 $1,004.30 $179,689.41
120 $179,689.41 $1,062.65 $0.00 $1,015.99 $181,768.05
121 $181,768.05 $1,062.65 $0.00 $1,027.74 $183,858.44
122 $183,858.44 $1,062.65 $0.00 $1,039.56 $185,960.65
123 $185,960.65 $1,062.65 $0.00 $1,051.45 $188,074.75
124 $188,074.75 $1,062.65 $0.00 $1,063.40 $190,200.80
125 $190,200.80 $1,062.65 $0.00 $1,075.42 $192,338.87
126 $192,338.87 $1,062.65 $0.00 $1,087.51 $194,489.03
127 $194,489.03 $1,062.65 $0.00 $1,099.67 $196,651.35
128 $196,651.35 $1,062.65 $0.00 $1,111.90 $198,825.90
129 $198,825.90 $1,062.65 $0.00 $1,124.19 $201,012.74
130 $201,012.74 $1,062.65 $0.00 $1,136.56 $203,211.95
131 $203,211.95 $1,062.65 $0.00 $1,148.99 $205,423.59
132 $205,423.59 $1,062.65 $0.00 $1,161.49 $207,647.73
133 $207,647.73 $1,062.65 $0.00 $1,174.07 $209,884.45
134 $209,884.45 $1,062.65 $0.00 $1,186.72 $212,133.82
135 $212,133.82 $1,062.65 $0.00 $1,199.44 $214,395.91
136 $214,395.91 $1,062.65 $0.00 $1,212.23 $216,670.79
137 $216,670.79 $1,062.65 $0.00 $1,225.09 $218,958.53
138 $218,958.53 $1,062.65 $0.00 $1,238.02 $221,259.20
139 $221,259.20 $1,062.65 $0.00 $1,251.03 $223,572.88
140 $223,572.88 $1,062.65 $0.00 $1,264.11 $225,899.64
141 $225,899.64 $1,062.65 $0.00 $1,277.27 $228,239.56
142 $228,239.56 $1,062.65 $0.00 $1,290.50 $230,592.71
143 $230,592.71 $1,062.65 $0.00 $1,303.80 $232,959.16
144 $232,959.16 $1,062.65 $0.00 $1,317.18 $235,338.99
145 $235,338.99 $1,062.65 $0.00 $1,330.64 $237,732.28
146 $237,732.28 $1,062.65 $0.00 $1,344.17 $240,139.10
147 $240,139.10 $1,062.65 $0.00 $1,357.78 $242,559.53
148 $242,559.53 $1,062.65 $0.00 $1,371.47 $244,993.65
149 $244,993.65 $1,062.65 $0.00 $1,385.23 $247,441.53
150 $247,441.53 $1,062.65 $0.00 $1,399.07 $249,903.25
151 $249,903.25 $1,062.65 $0.00 $1,412.99 $252,378.89
152 $252,378.89 $1,062.65 $0.00 $1,426.99 $254,868.53
153 $254,868.53 $1,062.65 $0.00 $1,441.06 $257,372.24
154 $257,372.24 $1,062.65 $0.00 $1,455.22 $259,890.11
155 $259,890.11 $1,062.65 $0.00 $1,469.46 $262,422.22
156 $262,422.22 $1,062.65 $0.00 $1,483.77 $264,968.64
157 $264,968.64 $1,062.65 $0.00 $1,498.17 $267,529.46
158 $267,529.46 $1,062.65 $0.00 $1,512.65 $270,104.76
159 $270,104.76 $1,062.65 $0.00 $1,527.21 $272,694.62
160 $272,694.62 $1,062.65 $0.00 $1,541.86 $275,299.13
161 $275,299.13 $1,062.65 $0.00 $1,556.58 $277,918.36
162 $277,918.36 $1,062.65 $0.00 $1,571.39 $280,552.40
163 $280,552.40 $1,062.65 $0.00 $1,586.28 $283,201.33
164 $283,201.33 $1,062.65 $0.00 $1,601.26 $285,865.24
165 $285,865.24 $1,062.65 $0.00 $1,616.32 $288,544.21
166 $288,544.21 $1,062.65 $0.00 $1,631.47 $291,238.33
167 $291,238.33 $1,062.65 $0.00 $1,646.70 $293,947.68
168 $293,947.68 $1,062.65 $0.00 $1,662.02 $296,672.35
169 $296,672.35 $1,062.65 $0.00 $1,677.43 $299,412.43
170 $299,412.43 $1,062.65 $0.00 $1,692.92 $302,168.00
171 $302,168.00 $1,062.65 $0.00 $1,708.50 $304,939.15
172 $304,939.15 $1,062.65 $0.00 $1,724.17 $307,725.97
173 $307,725.97 $1,062.65 $0.00 $1,739.93 $310,528.55
174 $310,528.55 $1,062.65 $0.00 $1,755.77 $313,346.97
175 $313,346.97 $1,062.65 $0.00 $1,771.71 $316,181.33
176 $316,181.33 $1,062.65 $0.00 $1,787.74 $319,031.72
177 $319,031.72 $1,062.65 $0.00 $1,803.85 $321,898.22
178 $321,898.22 $1,062.65 $0.00 $1,820.06 $324,780.93
179 $324,780.93 $1,062.65 $0.00 $1,836.36 $327,679.94
180 $327,679.94 $1,062.65 $0.00 $1,852.75 $330,595.34
181 $330,595.34 $1,062.65 $0.00 $1,869.23 $333,527.22
182 $333,527.22 $1,062.65 $0.00 $1,885.81 $336,475.68
183 $336,475.68 $1,062.65 $0.00 $1,902.48 $339,440.81
184 $339,440.81 $1,062.65 $0.00 $1,919.25 $342,422.71
185 $342,422.71 $1,062.65 $0.00 $1,936.11 $345,421.47
186 $345,421.47 $1,062.65 $0.00 $1,953.06 $348,437.18
187 $348,437.18 $1,062.65 $0.00 $1,970.11 $351,469.94
188 $351,469.94 $1,062.65 $0.00 $1,987.26 $354,519.85
189 $354,519.85 $1,062.65 $0.00 $2,004.51 $357,587.01
190 $357,587.01 $1,062.65 $0.00 $2,021.85 $360,671.51
191 $360,671.51 $1,062.65 $0.00 $2,039.29 $363,773.45
192 $363,773.45 $1,062.65 $0.00 $2,056.83 $366,892.93
193 $366,892.93 $1,062.65 $0.00 $2,074.47 $370,030.05
194 $370,030.05 $1,062.65 $0.00 $2,092.20 $373,184.90
195 $373,184.90 $1,062.65 $0.00 $2,110.04 $376,357.59
196 $376,357.59 $1,062.65 $0.00 $2,127.98 $379,548.22
197 $379,548.22 $1,062.65 $0.00 $2,146.02 $382,756.89
198 $382,756.89 $1,062.65 $0.00 $2,164.16 $385,983.70
199 $385,983.70 $1,062.65 $0.00 $2,182.41 $389,228.76
200 $389,228.76 $1,062.65 $0.00 $2,200.76 $392,492.17
201 $392,492.17 $1,062.65 $0.00 $2,219.21 $395,774.03
202 $395,774.03 $1,062.65 $0.00 $2,237.76 $399,074.44
203 $399,074.44 $1,062.65 $0.00 $2,256.42 $402,393.51
204 $402,393.51 $1,062.65 $0.00 $2,275.19 $405,731.35
205 $405,731.35 $1,062.65 $0.00 $2,294.06 $409,088.06
206 $409,088.06 $1,062.65 $0.00 $2,313.04 $412,463.75
207 $412,463.75 $1,062.65 $0.00 $2,332.13 $415,858.53
208 $415,858.53 $1,062.65 $0.00 $2,351.32 $419,272.50
209 $419,272.50 $1,062.65 $0.00 $2,370.63 $422,705.78
210 $422,705.78 $1,062.65 $0.00 $2,390.04 $426,158.47
211 $426,158.47 $1,062.65 $0.00 $2,409.56 $429,630.68
212 $429,630.68 $1,062.65 $0.00 $2,429.19 $433,122.52
213 $433,122.52 $1,062.65 $0.00 $2,448.94 $436,634.11
214 $436,634.11 $1,062.65 $0.00 $2,468.79 $440,165.55
215 $440,165.55 $1,062.65 $0.00 $2,488.76 $443,716.96
216 $443,716.96 $1,062.65 $0.00 $2,508.84 $447,288.45
217 $447,288.45 $1,062.65 $124,585.86 $2,529.03 $326,294.27
218 $326,294.27 $1,062.65 $0.00 $1,844.92 $329,201.84
219 $329,201.84 $1,062.65 $0.00 $1,861.36 $332,125.85
220 $332,125.85 $1,062.65 $0.00 $1,877.89 $335,066.39
221 $335,066.39 $1,062.65 $0.00 $1,894.51 $338,023.55
222 $338,023.55 $1,062.65 $0.00 $1,911.23 $340,997.43
223 $340,997.43 $1,062.65 $0.00 $1,928.05 $343,988.13
224 $343,988.13 $1,062.65 $0.00 $1,944.96 $346,995.74
225 $346,995.74 $1,062.65 $0.00 $1,961.96 $350,020.35
226 $350,020.35 $1,062.65 $0.00 $1,979.07 $353,062.07
227 $353,062.07 $1,062.65 $0.00 $1,996.26 $356,120.98
228 $356,120.98 $1,062.65 $0.00 $2,013.56 $359,197.19
229 $359,197.19 $1,062.65 $130,815.16 $2,030.95 $231,475.63
230 $231,475.63 $1,062.65 $0.00 $1,308.80 $233,847.08
231 $233,847.08 $1,062.65 $0.00 $1,322.21 $236,231.94
232 $236,231.94 $1,062.65 $0.00 $1,335.69 $238,630.28
233 $238,630.28 $1,062.65 $0.00 $1,349.25 $241,042.18
234 $241,042.18 $1,062.65 $0.00 $1,362.89 $243,467.72
235 $243,467.72 $1,062.65 $0.00 $1,376.60 $245,906.97
236 $245,906.97 $1,062.65 $0.00 $1,390.39 $248,360.01
237 $248,360.01 $1,062.65 $0.00 $1,404.26 $250,826.92
238 $250,826.92 $1,062.65 $0.00 $1,418.21 $253,307.78
239 $253,307.78 $1,062.65 $0.00 $1,432.24 $255,802.67
240 $255,802.67 $1,062.65 $0.00 $1,446.35 $258,311.67
241 $258,311.67 $1,062.65 $137,355.92 $1,460.53 $123,478.93
242 $123,478.93 $1,062.65 $0.00 $698.17 $125,239.75
243 $125,239.75 $1,062.65 $0.00 $708.12 $127,010.52
244 $127,010.52 $1,062.65 $0.00 $718.14 $128,791.31
245 $128,791.31 $1,062.65 $0.00 $728.20 $130,582.16
246 $130,582.16 $1,062.65 $0.00 $738.33 $132,383.14
247 $132,383.14 $1,062.65 $0.00 $748.51 $134,194.30
248 $134,194.30 $1,062.65 $0.00 $758.75 $136,015.70
249 $136,015.70 $1,062.65 $0.00 $769.05 $137,847.40
250 $137,847.40 $1,062.65 $0.00 $779.41 $139,689.46
251 $139,689.46 $1,062.65 $0.00 $789.82 $141,541.93
252 $141,541.93 $1,062.65 $0.00 $800.30 $143,404.88
253 $143,404.88 $0.00 $144,223.71 $810.83 ($8.00)