Savings Plan and Future Cost Estimation for The Illinois Institute of Art Schaumburg

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$92,756
Monthly savings required$734

How much will it cost to send your child to The Illinois Institute of Art Schaumburg in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $371,025.75 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $734.24 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$35,769.00
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 $734.24 $0.00 $0.00 $734.24
2 $734.24 $734.24 $0.00 $4.15 $1,472.63
3 $1,472.63 $734.24 $0.00 $8.33 $2,215.20
4 $2,215.20 $734.24 $0.00 $12.53 $2,961.97
5 $2,961.97 $734.24 $0.00 $16.75 $3,712.96
6 $3,712.96 $734.24 $0.00 $20.99 $4,468.19
7 $4,468.19 $734.24 $0.00 $25.26 $5,227.69
8 $5,227.69 $734.24 $0.00 $29.56 $5,991.49
9 $5,991.49 $734.24 $0.00 $33.88 $6,759.61
10 $6,759.61 $734.24 $0.00 $38.22 $7,532.07
11 $7,532.07 $734.24 $0.00 $42.59 $8,308.90
12 $8,308.90 $734.24 $0.00 $46.98 $9,090.12
13 $9,090.12 $734.24 $0.00 $51.40 $9,875.76
14 $9,875.76 $734.24 $0.00 $55.84 $10,665.84
15 $10,665.84 $734.24 $0.00 $60.31 $11,460.39
16 $11,460.39 $734.24 $0.00 $64.80 $12,259.43
17 $12,259.43 $734.24 $0.00 $69.32 $13,062.99
18 $13,062.99 $734.24 $0.00 $73.86 $13,871.09
19 $13,871.09 $734.24 $0.00 $78.43 $14,683.76
20 $14,683.76 $734.24 $0.00 $83.02 $15,501.02
21 $15,501.02 $734.24 $0.00 $87.65 $16,322.91
22 $16,322.91 $734.24 $0.00 $92.29 $17,149.44
23 $17,149.44 $734.24 $0.00 $96.97 $17,980.65
24 $17,980.65 $734.24 $0.00 $101.67 $18,816.56
25 $18,816.56 $734.24 $0.00 $106.39 $19,657.19
26 $19,657.19 $734.24 $0.00 $111.14 $20,502.57
27 $20,502.57 $734.24 $0.00 $115.92 $21,352.73
28 $21,352.73 $734.24 $0.00 $120.73 $22,207.70
29 $22,207.70 $734.24 $0.00 $125.57 $23,067.51
30 $23,067.51 $734.24 $0.00 $130.43 $23,932.18
31 $23,932.18 $734.24 $0.00 $135.32 $24,801.74
32 $24,801.74 $734.24 $0.00 $140.23 $25,676.21
33 $25,676.21 $734.24 $0.00 $145.18 $26,555.63
34 $26,555.63 $734.24 $0.00 $150.15 $27,440.02
35 $27,440.02 $734.24 $0.00 $155.15 $28,329.41
36 $28,329.41 $734.24 $0.00 $160.18 $29,223.83
37 $29,223.83 $734.24 $0.00 $165.24 $30,123.31
38 $30,123.31 $734.24 $0.00 $170.32 $31,027.87
39 $31,027.87 $734.24 $0.00 $175.44 $31,937.55
40 $31,937.55 $734.24 $0.00 $180.58 $32,852.37
41 $32,852.37 $734.24 $0.00 $185.75 $33,772.36
42 $33,772.36 $734.24 $0.00 $190.95 $34,697.55
43 $34,697.55 $734.24 $0.00 $196.18 $35,627.97
44 $35,627.97 $734.24 $0.00 $201.45 $36,563.66
45 $36,563.66 $734.24 $0.00 $206.74 $37,504.64
46 $37,504.64 $734.24 $0.00 $212.06 $38,450.94
47 $38,450.94 $734.24 $0.00 $217.41 $39,402.59
48 $39,402.59 $734.24 $0.00 $222.79 $40,359.62
49 $40,359.62 $734.24 $0.00 $228.20 $41,322.06
50 $41,322.06 $734.24 $0.00 $233.64 $42,289.94
51 $42,289.94 $734.24 $0.00 $239.11 $43,263.29
52 $43,263.29 $734.24 $0.00 $244.62 $44,242.15
53 $44,242.15 $734.24 $0.00 $250.15 $45,226.54
54 $45,226.54 $734.24 $0.00 $255.72 $46,216.50
55 $46,216.50 $734.24 $0.00 $261.31 $47,212.05
56 $47,212.05 $734.24 $0.00 $266.94 $48,213.23
57 $48,213.23 $734.24 $0.00 $272.60 $49,220.07
58 $49,220.07 $734.24 $0.00 $278.30 $50,232.61
59 $50,232.61 $734.24 $0.00 $284.02 $51,250.87
60 $51,250.87 $734.24 $0.00 $289.78 $52,274.89
61 $52,274.89 $734.24 $0.00 $295.57 $53,304.70
62 $53,304.70 $734.24 $0.00 $301.39 $54,340.33
63 $54,340.33 $734.24 $0.00 $307.25 $55,381.82
64 $55,381.82 $734.24 $0.00 $313.14 $56,429.20
65 $56,429.20 $734.24 $0.00 $319.06 $57,482.50
66 $57,482.50 $734.24 $0.00 $325.01 $58,541.75
67 $58,541.75 $734.24 $0.00 $331.00 $59,606.99
68 $59,606.99 $734.24 $0.00 $337.03 $60,678.26
69 $60,678.26 $734.24 $0.00 $343.08 $61,755.58
70 $61,755.58 $734.24 $0.00 $349.18 $62,839.00
71 $62,839.00 $734.24 $0.00 $355.30 $63,928.54
72 $63,928.54 $734.24 $0.00 $361.46 $65,024.24
73 $65,024.24 $734.24 $0.00 $367.66 $66,126.14
74 $66,126.14 $734.24 $0.00 $373.89 $67,234.27
75 $67,234.27 $734.24 $0.00 $380.15 $68,348.66
76 $68,348.66 $734.24 $0.00 $386.45 $69,469.35
77 $69,469.35 $734.24 $0.00 $392.79 $70,596.38
78 $70,596.38 $734.24 $0.00 $399.16 $71,729.78
79 $71,729.78 $734.24 $0.00 $405.57 $72,869.59
80 $72,869.59 $734.24 $0.00 $412.02 $74,015.85
81 $74,015.85 $734.24 $0.00 $418.50 $75,168.59
82 $75,168.59 $734.24 $0.00 $425.01 $76,327.84
83 $76,327.84 $734.24 $0.00 $431.57 $77,493.65
84 $77,493.65 $734.24 $0.00 $438.16 $78,666.05
85 $78,666.05 $734.24 $0.00 $444.79 $79,845.08
86 $79,845.08 $734.24 $0.00 $451.46 $81,030.78
87 $81,030.78 $734.24 $0.00 $458.16 $82,223.18
88 $82,223.18 $734.24 $0.00 $464.90 $83,422.32
89 $83,422.32 $734.24 $0.00 $471.68 $84,628.24
90 $84,628.24 $734.24 $0.00 $478.50 $85,840.98
91 $85,840.98 $734.24 $0.00 $485.36 $87,060.58
92 $87,060.58 $734.24 $0.00 $492.25 $88,287.07
93 $88,287.07 $734.24 $0.00 $499.19 $89,520.50
94 $89,520.50 $734.24 $0.00 $506.16 $90,760.90
95 $90,760.90 $734.24 $0.00 $513.18 $92,008.32
96 $92,008.32 $734.24 $0.00 $520.23 $93,262.79
97 $93,262.79 $734.24 $0.00 $527.32 $94,524.35
98 $94,524.35 $734.24 $0.00 $534.45 $95,793.04
99 $95,793.04 $734.24 $0.00 $541.63 $97,068.91
100 $97,068.91 $734.24 $0.00 $548.84 $98,351.99
101 $98,351.99 $734.24 $0.00 $556.10 $99,642.33
102 $99,642.33 $734.24 $0.00 $563.39 $100,939.96
103 $100,939.96 $734.24 $0.00 $570.73 $102,244.93
104 $102,244.93 $734.24 $0.00 $578.11 $103,557.28
105 $103,557.28 $734.24 $0.00 $585.53 $104,877.05
106 $104,877.05 $734.24 $0.00 $592.99 $106,204.28
107 $106,204.28 $734.24 $0.00 $600.49 $107,539.01
108 $107,539.01 $734.24 $0.00 $608.04 $108,881.29
109 $108,881.29 $734.24 $0.00 $615.63 $110,231.16
110 $110,231.16 $734.24 $0.00 $623.26 $111,588.66
111 $111,588.66 $734.24 $0.00 $630.94 $112,953.84
112 $112,953.84 $734.24 $0.00 $638.66 $114,326.74
113 $114,326.74 $734.24 $0.00 $646.42 $115,707.40
114 $115,707.40 $734.24 $0.00 $654.23 $117,095.87
115 $117,095.87 $734.24 $0.00 $662.08 $118,492.19
116 $118,492.19 $734.24 $0.00 $669.97 $119,896.40
117 $119,896.40 $734.24 $0.00 $677.91 $121,308.55
118 $121,308.55 $734.24 $0.00 $685.90 $122,728.69
119 $122,728.69 $734.24 $0.00 $693.93 $124,156.86
120 $124,156.86 $734.24 $0.00 $702.00 $125,593.10
121 $125,593.10 $734.24 $0.00 $710.12 $127,037.46
122 $127,037.46 $734.24 $0.00 $718.29 $128,489.99
123 $128,489.99 $734.24 $0.00 $726.50 $129,950.73
124 $129,950.73 $734.24 $0.00 $734.76 $131,419.73
125 $131,419.73 $734.24 $0.00 $743.07 $132,897.04
126 $132,897.04 $734.24 $0.00 $751.42 $134,382.70
127 $134,382.70 $734.24 $0.00 $759.82 $135,876.76
128 $135,876.76 $734.24 $0.00 $768.27 $137,379.27
129 $137,379.27 $734.24 $0.00 $776.76 $138,890.27
130 $138,890.27 $734.24 $0.00 $785.31 $140,409.82
131 $140,409.82 $734.24 $0.00 $793.90 $141,937.96
132 $141,937.96 $734.24 $0.00 $802.54 $143,474.74
133 $143,474.74 $734.24 $0.00 $811.23 $145,020.21
134 $145,020.21 $734.24 $0.00 $819.97 $146,574.42
135 $146,574.42 $734.24 $0.00 $828.75 $148,137.41
136 $148,137.41 $734.24 $0.00 $837.59 $149,709.24
137 $149,709.24 $734.24 $0.00 $846.48 $151,289.96
138 $151,289.96 $734.24 $0.00 $855.42 $152,879.62
139 $152,879.62 $734.24 $0.00 $864.40 $154,478.26
140 $154,478.26 $734.24 $0.00 $873.44 $156,085.94
141 $156,085.94 $734.24 $0.00 $882.53 $157,702.71
142 $157,702.71 $734.24 $0.00 $891.67 $159,328.62
143 $159,328.62 $734.24 $0.00 $900.87 $160,963.73
144 $160,963.73 $734.24 $0.00 $910.11 $162,608.08
145 $162,608.08 $734.24 $0.00 $919.41 $164,261.73
146 $164,261.73 $734.24 $0.00 $928.76 $165,924.73
147 $165,924.73 $734.24 $0.00 $938.16 $167,597.13
148 $167,597.13 $734.24 $0.00 $947.62 $169,278.99
149 $169,278.99 $734.24 $0.00 $957.13 $170,970.36
150 $170,970.36 $734.24 $0.00 $966.69 $172,671.29
151 $172,671.29 $734.24 $0.00 $976.31 $174,381.84
152 $174,381.84 $734.24 $0.00 $985.98 $176,102.06
153 $176,102.06 $734.24 $0.00 $995.71 $177,832.01
154 $177,832.01 $734.24 $0.00 $1,005.49 $179,571.74
155 $179,571.74 $734.24 $0.00 $1,015.32 $181,321.30
156 $181,321.30 $734.24 $0.00 $1,025.22 $183,080.76
157 $183,080.76 $734.24 $0.00 $1,035.17 $184,850.17
158 $184,850.17 $734.24 $0.00 $1,045.17 $186,629.58
159 $186,629.58 $734.24 $0.00 $1,055.23 $188,419.05
160 $188,419.05 $734.24 $0.00 $1,065.35 $190,218.64
161 $190,218.64 $734.24 $0.00 $1,075.52 $192,028.40
162 $192,028.40 $734.24 $0.00 $1,085.76 $193,848.40
163 $193,848.40 $734.24 $0.00 $1,096.05 $195,678.69
164 $195,678.69 $734.24 $0.00 $1,106.40 $197,519.33
165 $197,519.33 $734.24 $0.00 $1,116.80 $199,370.37
166 $199,370.37 $734.24 $0.00 $1,127.27 $201,231.88
167 $201,231.88 $734.24 $0.00 $1,137.79 $203,103.91
168 $203,103.91 $734.24 $0.00 $1,148.38 $204,986.53
169 $204,986.53 $734.24 $0.00 $1,159.02 $206,879.79
170 $206,879.79 $734.24 $0.00 $1,169.73 $208,783.76
171 $208,783.76 $734.24 $0.00 $1,180.49 $210,698.49
172 $210,698.49 $734.24 $0.00 $1,191.32 $212,624.05
173 $212,624.05 $734.24 $0.00 $1,202.21 $214,560.50
174 $214,560.50 $734.24 $0.00 $1,213.16 $216,507.90
175 $216,507.90 $734.24 $0.00 $1,224.17 $218,466.31
176 $218,466.31 $734.24 $0.00 $1,235.24 $220,435.79
177 $220,435.79 $734.24 $0.00 $1,246.38 $222,416.41
178 $222,416.41 $734.24 $0.00 $1,257.57 $224,408.22
179 $224,408.22 $734.24 $0.00 $1,268.84 $226,411.30
180 $226,411.30 $734.24 $0.00 $1,280.16 $228,425.70
181 $228,425.70 $734.24 $0.00 $1,291.55 $230,451.49
182 $230,451.49 $734.24 $0.00 $1,303.01 $232,488.74
183 $232,488.74 $734.24 $0.00 $1,314.53 $234,537.51
184 $234,537.51 $734.24 $0.00 $1,326.11 $236,597.86
185 $236,597.86 $734.24 $0.00 $1,337.76 $238,669.86
186 $238,669.86 $734.24 $0.00 $1,349.47 $240,753.57
187 $240,753.57 $734.24 $0.00 $1,361.26 $242,849.07
188 $242,849.07 $734.24 $0.00 $1,373.10 $244,956.41
189 $244,956.41 $734.24 $0.00 $1,385.02 $247,075.67
190 $247,075.67 $734.24 $0.00 $1,397.00 $249,206.91
191 $249,206.91 $734.24 $0.00 $1,409.05 $251,350.20
192 $251,350.20 $734.24 $0.00 $1,421.17 $253,505.61
193 $253,505.61 $734.24 $0.00 $1,433.36 $255,673.21
194 $255,673.21 $734.24 $0.00 $1,445.61 $257,853.06
195 $257,853.06 $734.24 $0.00 $1,457.94 $260,045.24
196 $260,045.24 $734.24 $0.00 $1,470.33 $262,249.81
197 $262,249.81 $734.24 $0.00 $1,482.80 $264,466.85
198 $264,466.85 $734.24 $0.00 $1,495.33 $266,696.42
199 $266,696.42 $734.24 $0.00 $1,507.94 $268,938.60
200 $268,938.60 $734.24 $0.00 $1,520.62 $271,193.46
201 $271,193.46 $734.24 $0.00 $1,533.37 $273,461.07
202 $273,461.07 $734.24 $0.00 $1,546.19 $275,741.50
203 $275,741.50 $734.24 $0.00 $1,559.08 $278,034.82
204 $278,034.82 $734.24 $0.00 $1,572.05 $280,341.11
205 $280,341.11 $734.24 $0.00 $1,585.09 $282,660.44
206 $282,660.44 $734.24 $0.00 $1,598.20 $284,992.88
207 $284,992.88 $734.24 $0.00 $1,611.39 $287,338.51
208 $287,338.51 $734.24 $0.00 $1,624.65 $289,697.40
209 $289,697.40 $734.24 $0.00 $1,637.99 $292,069.63
210 $292,069.63 $734.24 $0.00 $1,651.40 $294,455.27
211 $294,455.27 $734.24 $0.00 $1,664.89 $296,854.40
212 $296,854.40 $734.24 $0.00 $1,678.46 $299,267.10
213 $299,267.10 $734.24 $0.00 $1,692.10 $301,693.44
214 $301,693.44 $734.24 $0.00 $1,705.82 $304,133.50
215 $304,133.50 $734.24 $0.00 $1,719.62 $306,587.36
216 $306,587.36 $734.24 $0.00 $1,733.49 $309,055.09
217 $309,055.09 $734.24 $86,082.36 $1,747.44 $225,454.41
218 $225,454.41 $734.24 $0.00 $1,274.75 $227,463.40
219 $227,463.40 $734.24 $0.00 $1,286.11 $229,483.75
220 $229,483.75 $734.24 $0.00 $1,297.53 $231,515.52
221 $231,515.52 $734.24 $0.00 $1,309.02 $233,558.78
222 $233,558.78 $734.24 $0.00 $1,320.58 $235,613.60
223 $235,613.60 $734.24 $0.00 $1,332.19 $237,680.03
224 $237,680.03 $734.24 $0.00 $1,343.88 $239,758.15
225 $239,758.15 $734.24 $0.00 $1,355.63 $241,848.02
226 $241,848.02 $734.24 $0.00 $1,367.44 $243,949.70
227 $243,949.70 $734.24 $0.00 $1,379.33 $246,063.27
228 $246,063.27 $734.24 $0.00 $1,391.28 $248,188.79
229 $248,188.79 $734.24 $90,386.48 $1,403.30 $159,939.85
230 $159,939.85 $734.24 $0.00 $904.32 $161,578.41
231 $161,578.41 $734.24 $0.00 $913.59 $163,226.24
232 $163,226.24 $734.24 $0.00 $922.90 $164,883.38
233 $164,883.38 $734.24 $0.00 $932.27 $166,549.89
234 $166,549.89 $734.24 $0.00 $941.70 $168,225.83
235 $168,225.83 $734.24 $0.00 $951.17 $169,911.24
236 $169,911.24 $734.24 $0.00 $960.70 $171,606.18
237 $171,606.18 $734.24 $0.00 $970.29 $173,310.71
238 $173,310.71 $734.24 $0.00 $979.92 $175,024.87
239 $175,024.87 $734.24 $0.00 $989.62 $176,748.73
240 $176,748.73 $734.24 $0.00 $999.36 $178,482.33
241 $178,482.33 $734.24 $94,905.81 $1,009.17 $85,319.93
242 $85,319.93 $734.24 $0.00 $482.41 $86,536.58
243 $86,536.58 $734.24 $0.00 $489.29 $87,760.11
244 $87,760.11 $734.24 $0.00 $496.21 $88,990.56
245 $88,990.56 $734.24 $0.00 $503.17 $90,227.97
246 $90,227.97 $734.24 $0.00 $510.16 $91,472.37
247 $91,472.37 $734.24 $0.00 $517.20 $92,723.81
248 $92,723.81 $734.24 $0.00 $524.27 $93,982.32
249 $93,982.32 $734.24 $0.00 $531.39 $95,247.95
250 $95,247.95 $734.24 $0.00 $538.55 $96,520.74
251 $96,520.74 $734.24 $0.00 $545.74 $97,800.72
252 $97,800.72 $734.24 $0.00 $552.98 $99,087.94
253 $99,087.94 $0.00 $99,651.10 $560.26 ($2.90)