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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$67,416
Monthly savings required$534

How much will it cost to send your child to Western Illinois University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $269,662.45 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $533.64 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$25,997.00
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 $533.64 $0.00 $0.00 $533.64
2 $533.64 $533.64 $0.00 $3.02 $1,070.30
3 $1,070.30 $533.64 $0.00 $6.05 $1,609.99
4 $1,609.99 $533.64 $0.00 $9.10 $2,152.73
5 $2,152.73 $533.64 $0.00 $12.17 $2,698.54
6 $2,698.54 $533.64 $0.00 $15.26 $3,247.44
7 $3,247.44 $533.64 $0.00 $18.36 $3,799.44
8 $3,799.44 $533.64 $0.00 $21.48 $4,354.56
9 $4,354.56 $533.64 $0.00 $24.62 $4,912.82
10 $4,912.82 $533.64 $0.00 $27.78 $5,474.24
11 $5,474.24 $533.64 $0.00 $30.95 $6,038.83
12 $6,038.83 $533.64 $0.00 $34.14 $6,606.61
13 $6,606.61 $533.64 $0.00 $37.35 $7,177.60
14 $7,177.60 $533.64 $0.00 $40.58 $7,751.82
15 $7,751.82 $533.64 $0.00 $43.83 $8,329.29
16 $8,329.29 $533.64 $0.00 $47.10 $8,910.03
17 $8,910.03 $533.64 $0.00 $50.38 $9,494.05
18 $9,494.05 $533.64 $0.00 $53.68 $10,081.37
19 $10,081.37 $533.64 $0.00 $57.00 $10,672.01
20 $10,672.01 $533.64 $0.00 $60.34 $11,265.99
21 $11,265.99 $533.64 $0.00 $63.70 $11,863.33
22 $11,863.33 $533.64 $0.00 $67.08 $12,464.05
23 $12,464.05 $533.64 $0.00 $70.47 $13,068.16
24 $13,068.16 $533.64 $0.00 $73.89 $13,675.69
25 $13,675.69 $533.64 $0.00 $77.32 $14,286.65
26 $14,286.65 $533.64 $0.00 $80.78 $14,901.07
27 $14,901.07 $533.64 $0.00 $84.25 $15,518.96
28 $15,518.96 $533.64 $0.00 $87.75 $16,140.35
29 $16,140.35 $533.64 $0.00 $91.26 $16,765.25
30 $16,765.25 $533.64 $0.00 $94.79 $17,393.68
31 $17,393.68 $533.64 $0.00 $98.35 $18,025.67
32 $18,025.67 $533.64 $0.00 $101.92 $18,661.23
33 $18,661.23 $533.64 $0.00 $105.51 $19,300.38
34 $19,300.38 $533.64 $0.00 $109.13 $19,943.15
35 $19,943.15 $533.64 $0.00 $112.76 $20,589.55
36 $20,589.55 $533.64 $0.00 $116.42 $21,239.61
37 $21,239.61 $533.64 $0.00 $120.09 $21,893.34
38 $21,893.34 $533.64 $0.00 $123.79 $22,550.77
39 $22,550.77 $533.64 $0.00 $127.51 $23,211.92
40 $23,211.92 $533.64 $0.00 $131.24 $23,876.80
41 $23,876.80 $533.64 $0.00 $135.00 $24,545.44
42 $24,545.44 $533.64 $0.00 $138.78 $25,217.86
43 $25,217.86 $533.64 $0.00 $142.59 $25,894.09
44 $25,894.09 $533.64 $0.00 $146.41 $26,574.14
45 $26,574.14 $533.64 $0.00 $150.25 $27,258.03
46 $27,258.03 $533.64 $0.00 $154.12 $27,945.79
47 $27,945.79 $533.64 $0.00 $158.01 $28,637.44
48 $28,637.44 $533.64 $0.00 $161.92 $29,333.00
49 $29,333.00 $533.64 $0.00 $165.85 $30,032.49
50 $30,032.49 $533.64 $0.00 $169.81 $30,735.94
51 $30,735.94 $533.64 $0.00 $173.79 $31,443.37
52 $31,443.37 $533.64 $0.00 $177.79 $32,154.80
53 $32,154.80 $533.64 $0.00 $181.81 $32,870.25
54 $32,870.25 $533.64 $0.00 $185.85 $33,589.74
55 $33,589.74 $533.64 $0.00 $189.92 $34,313.30
56 $34,313.30 $533.64 $0.00 $194.01 $35,040.95
57 $35,040.95 $533.64 $0.00 $198.13 $35,772.72
58 $35,772.72 $533.64 $0.00 $202.26 $36,508.62
59 $36,508.62 $533.64 $0.00 $206.43 $37,248.69
60 $37,248.69 $533.64 $0.00 $210.61 $37,992.94
61 $37,992.94 $533.64 $0.00 $214.82 $38,741.40
62 $38,741.40 $533.64 $0.00 $219.05 $39,494.09
63 $39,494.09 $533.64 $0.00 $223.31 $40,251.04
64 $40,251.04 $533.64 $0.00 $227.59 $41,012.27
65 $41,012.27 $533.64 $0.00 $231.89 $41,777.80
66 $41,777.80 $533.64 $0.00 $236.22 $42,547.66
67 $42,547.66 $533.64 $0.00 $240.57 $43,321.87
68 $43,321.87 $533.64 $0.00 $244.95 $44,100.46
69 $44,100.46 $533.64 $0.00 $249.35 $44,883.45
70 $44,883.45 $533.64 $0.00 $253.78 $45,670.87
71 $45,670.87 $533.64 $0.00 $258.23 $46,462.74
72 $46,462.74 $533.64 $0.00 $262.71 $47,259.09
73 $47,259.09 $533.64 $0.00 $267.21 $48,059.94
74 $48,059.94 $533.64 $0.00 $271.74 $48,865.32
75 $48,865.32 $533.64 $0.00 $276.29 $49,675.25
76 $49,675.25 $533.64 $0.00 $280.87 $50,489.76
77 $50,489.76 $533.64 $0.00 $285.48 $51,308.88
78 $51,308.88 $533.64 $0.00 $290.11 $52,132.63
79 $52,132.63 $533.64 $0.00 $294.77 $52,961.04
80 $52,961.04 $533.64 $0.00 $299.45 $53,794.13
81 $53,794.13 $533.64 $0.00 $304.16 $54,631.93
82 $54,631.93 $533.64 $0.00 $308.90 $55,474.47
83 $55,474.47 $533.64 $0.00 $313.66 $56,321.77
84 $56,321.77 $533.64 $0.00 $318.45 $57,173.86
85 $57,173.86 $533.64 $0.00 $323.27 $58,030.77
86 $58,030.77 $533.64 $0.00 $328.11 $58,892.52
87 $58,892.52 $533.64 $0.00 $332.99 $59,759.15
88 $59,759.15 $533.64 $0.00 $337.89 $60,630.68
89 $60,630.68 $533.64 $0.00 $342.81 $61,507.13
90 $61,507.13 $533.64 $0.00 $347.77 $62,388.54
91 $62,388.54 $533.64 $0.00 $352.75 $63,274.93
92 $63,274.93 $533.64 $0.00 $357.77 $64,166.34
93 $64,166.34 $533.64 $0.00 $362.81 $65,062.79
94 $65,062.79 $533.64 $0.00 $367.87 $65,964.30
95 $65,964.30 $533.64 $0.00 $372.97 $66,870.91
96 $66,870.91 $533.64 $0.00 $378.10 $67,782.65
97 $67,782.65 $533.64 $0.00 $383.25 $68,699.54
98 $68,699.54 $533.64 $0.00 $388.44 $69,621.62
99 $69,621.62 $533.64 $0.00 $393.65 $70,548.91
100 $70,548.91 $533.64 $0.00 $398.89 $71,481.44
101 $71,481.44 $533.64 $0.00 $404.17 $72,419.25
102 $72,419.25 $533.64 $0.00 $409.47 $73,362.36
103 $73,362.36 $533.64 $0.00 $414.80 $74,310.80
104 $74,310.80 $533.64 $0.00 $420.16 $75,264.60
105 $75,264.60 $533.64 $0.00 $425.56 $76,223.80
106 $76,223.80 $533.64 $0.00 $430.98 $77,188.42
107 $77,188.42 $533.64 $0.00 $436.43 $78,158.49
108 $78,158.49 $533.64 $0.00 $441.92 $79,134.05
109 $79,134.05 $533.64 $0.00 $447.44 $80,115.13
110 $80,115.13 $533.64 $0.00 $452.98 $81,101.75
111 $81,101.75 $533.64 $0.00 $458.56 $82,093.95
112 $82,093.95 $533.64 $0.00 $464.17 $83,091.76
113 $83,091.76 $533.64 $0.00 $469.81 $84,095.21
114 $84,095.21 $533.64 $0.00 $475.49 $85,104.34
115 $85,104.34 $533.64 $0.00 $481.19 $86,119.17
116 $86,119.17 $533.64 $0.00 $486.93 $87,139.74
117 $87,139.74 $533.64 $0.00 $492.70 $88,166.08
118 $88,166.08 $533.64 $0.00 $498.50 $89,198.22
119 $89,198.22 $533.64 $0.00 $504.34 $90,236.20
120 $90,236.20 $533.64 $0.00 $510.21 $91,280.05
121 $91,280.05 $533.64 $0.00 $516.11 $92,329.80
122 $92,329.80 $533.64 $0.00 $522.05 $93,385.49
123 $93,385.49 $533.64 $0.00 $528.02 $94,447.15
124 $94,447.15 $533.64 $0.00 $534.02 $95,514.81
125 $95,514.81 $533.64 $0.00 $540.05 $96,588.50
126 $96,588.50 $533.64 $0.00 $546.13 $97,668.27
127 $97,668.27 $533.64 $0.00 $552.23 $98,754.14
128 $98,754.14 $533.64 $0.00 $558.37 $99,846.15
129 $99,846.15 $533.64 $0.00 $564.54 $100,944.33
130 $100,944.33 $533.64 $0.00 $570.75 $102,048.72
131 $102,048.72 $533.64 $0.00 $577.00 $103,159.36
132 $103,159.36 $533.64 $0.00 $583.28 $104,276.28
133 $104,276.28 $533.64 $0.00 $589.59 $105,399.51
134 $105,399.51 $533.64 $0.00 $595.94 $106,529.09
135 $106,529.09 $533.64 $0.00 $602.33 $107,665.06
136 $107,665.06 $533.64 $0.00 $608.75 $108,807.45
137 $108,807.45 $533.64 $0.00 $615.21 $109,956.30
138 $109,956.30 $533.64 $0.00 $621.71 $111,111.65
139 $111,111.65 $533.64 $0.00 $628.24 $112,273.53
140 $112,273.53 $533.64 $0.00 $634.81 $113,441.98
141 $113,441.98 $533.64 $0.00 $641.42 $114,617.04
142 $114,617.04 $533.64 $0.00 $648.06 $115,798.74
143 $115,798.74 $533.64 $0.00 $654.74 $116,987.12
144 $116,987.12 $533.64 $0.00 $661.46 $118,182.22
145 $118,182.22 $533.64 $0.00 $668.22 $119,384.08
146 $119,384.08 $533.64 $0.00 $675.01 $120,592.73
147 $120,592.73 $533.64 $0.00 $681.85 $121,808.22
148 $121,808.22 $533.64 $0.00 $688.72 $123,030.58
149 $123,030.58 $533.64 $0.00 $695.63 $124,259.85
150 $124,259.85 $533.64 $0.00 $702.58 $125,496.07
151 $125,496.07 $533.64 $0.00 $709.57 $126,739.28
152 $126,739.28 $533.64 $0.00 $716.60 $127,989.52
153 $127,989.52 $533.64 $0.00 $723.67 $129,246.83
154 $129,246.83 $533.64 $0.00 $730.78 $130,511.25
155 $130,511.25 $533.64 $0.00 $737.93 $131,782.82
156 $131,782.82 $533.64 $0.00 $745.12 $133,061.58
157 $133,061.58 $533.64 $0.00 $752.35 $134,347.57
158 $134,347.57 $533.64 $0.00 $759.62 $135,640.83
159 $135,640.83 $533.64 $0.00 $766.93 $136,941.40
160 $136,941.40 $533.64 $0.00 $774.29 $138,249.33
161 $138,249.33 $533.64 $0.00 $781.68 $139,564.65
162 $139,564.65 $533.64 $0.00 $789.12 $140,887.41
163 $140,887.41 $533.64 $0.00 $796.60 $142,217.65
164 $142,217.65 $533.64 $0.00 $804.12 $143,555.41
165 $143,555.41 $533.64 $0.00 $811.68 $144,900.73
166 $144,900.73 $533.64 $0.00 $819.29 $146,253.66
167 $146,253.66 $533.64 $0.00 $826.94 $147,614.24
168 $147,614.24 $533.64 $0.00 $834.63 $148,982.51
169 $148,982.51 $533.64 $0.00 $842.37 $150,358.52
170 $150,358.52 $533.64 $0.00 $850.15 $151,742.31
171 $151,742.31 $533.64 $0.00 $857.97 $153,133.92
172 $153,133.92 $533.64 $0.00 $865.84 $154,533.40
173 $154,533.40 $533.64 $0.00 $873.75 $155,940.79
174 $155,940.79 $533.64 $0.00 $881.71 $157,356.14
175 $157,356.14 $533.64 $0.00 $889.71 $158,779.49
176 $158,779.49 $533.64 $0.00 $897.76 $160,210.89
177 $160,210.89 $533.64 $0.00 $905.86 $161,650.39
178 $161,650.39 $533.64 $0.00 $913.99 $163,098.02
179 $163,098.02 $533.64 $0.00 $922.18 $164,553.84
180 $164,553.84 $533.64 $0.00 $930.41 $166,017.89
181 $166,017.89 $533.64 $0.00 $938.69 $167,490.22
182 $167,490.22 $533.64 $0.00 $947.01 $168,970.87
183 $168,970.87 $533.64 $0.00 $955.39 $170,459.90
184 $170,459.90 $533.64 $0.00 $963.81 $171,957.35
185 $171,957.35 $533.64 $0.00 $972.27 $173,463.26
186 $173,463.26 $533.64 $0.00 $980.79 $174,977.69
187 $174,977.69 $533.64 $0.00 $989.35 $176,500.68
188 $176,500.68 $533.64 $0.00 $997.96 $178,032.28
189 $178,032.28 $533.64 $0.00 $1,006.62 $179,572.54
190 $179,572.54 $533.64 $0.00 $1,015.33 $181,121.51
191 $181,121.51 $533.64 $0.00 $1,024.09 $182,679.24
192 $182,679.24 $533.64 $0.00 $1,032.89 $184,245.77
193 $184,245.77 $533.64 $0.00 $1,041.75 $185,821.16
194 $185,821.16 $533.64 $0.00 $1,050.66 $187,405.46
195 $187,405.46 $533.64 $0.00 $1,059.62 $188,998.72
196 $188,998.72 $533.64 $0.00 $1,068.63 $190,600.99
197 $190,600.99 $533.64 $0.00 $1,077.69 $192,212.32
198 $192,212.32 $533.64 $0.00 $1,086.80 $193,832.76
199 $193,832.76 $533.64 $0.00 $1,095.96 $195,462.36
200 $195,462.36 $533.64 $0.00 $1,105.17 $197,101.17
201 $197,101.17 $533.64 $0.00 $1,114.44 $198,749.25
202 $198,749.25 $533.64 $0.00 $1,123.76 $200,406.65
203 $200,406.65 $533.64 $0.00 $1,133.13 $202,073.42
204 $202,073.42 $533.64 $0.00 $1,142.55 $203,749.61
205 $203,749.61 $533.64 $0.00 $1,152.03 $205,435.28
206 $205,435.28 $533.64 $0.00 $1,161.56 $207,130.48
207 $207,130.48 $533.64 $0.00 $1,171.15 $208,835.27
208 $208,835.27 $533.64 $0.00 $1,180.78 $210,549.69
209 $210,549.69 $533.64 $0.00 $1,190.48 $212,273.81
210 $212,273.81 $533.64 $0.00 $1,200.23 $214,007.68
211 $214,007.68 $533.64 $0.00 $1,210.03 $215,751.35
212 $215,751.35 $533.64 $0.00 $1,219.89 $217,504.88
213 $217,504.88 $533.64 $0.00 $1,229.80 $219,268.32
214 $219,268.32 $533.64 $0.00 $1,239.77 $221,041.73
215 $221,041.73 $533.64 $0.00 $1,249.80 $222,825.17
216 $222,825.17 $533.64 $0.00 $1,259.89 $224,618.70
217 $224,618.70 $533.64 $62,564.88 $1,270.03 $163,857.49
218 $163,857.49 $533.64 $0.00 $926.47 $165,317.60
219 $165,317.60 $533.64 $0.00 $934.73 $166,785.97
220 $166,785.97 $533.64 $0.00 $943.03 $168,262.64
221 $168,262.64 $533.64 $0.00 $951.38 $169,747.66
222 $169,747.66 $533.64 $0.00 $959.78 $171,241.08
223 $171,241.08 $533.64 $0.00 $968.22 $172,742.94
224 $172,742.94 $533.64 $0.00 $976.71 $174,253.29
225 $174,253.29 $533.64 $0.00 $985.25 $175,772.18
226 $175,772.18 $533.64 $0.00 $993.84 $177,299.66
227 $177,299.66 $533.64 $0.00 $1,002.48 $178,835.78
228 $178,835.78 $533.64 $0.00 $1,011.16 $180,380.58
229 $180,380.58 $533.64 $65,693.12 $1,019.90 $116,241.00
230 $116,241.00 $533.64 $0.00 $657.24 $117,431.88
231 $117,431.88 $533.64 $0.00 $663.98 $118,629.50
232 $118,629.50 $533.64 $0.00 $670.75 $119,833.89
233 $119,833.89 $533.64 $0.00 $677.56 $121,045.09
234 $121,045.09 $533.64 $0.00 $684.41 $122,263.14
235 $122,263.14 $533.64 $0.00 $691.29 $123,488.07
236 $123,488.07 $533.64 $0.00 $698.22 $124,719.93
237 $124,719.93 $533.64 $0.00 $705.18 $125,958.75
238 $125,958.75 $533.64 $0.00 $712.19 $127,204.58
239 $127,204.58 $533.64 $0.00 $719.23 $128,457.45
240 $128,457.45 $533.64 $0.00 $726.32 $129,717.41
241 $129,717.41 $533.64 $68,977.78 $733.44 $62,006.71
242 $62,006.71 $533.64 $0.00 $350.59 $62,890.94
243 $62,890.94 $533.64 $0.00 $355.59 $63,780.17
244 $63,780.17 $533.64 $0.00 $360.62 $64,674.43
245 $64,674.43 $533.64 $0.00 $365.68 $65,573.75
246 $65,573.75 $533.64 $0.00 $370.76 $66,478.15
247 $66,478.15 $533.64 $0.00 $375.88 $67,387.67
248 $67,387.67 $533.64 $0.00 $381.02 $68,302.33
249 $68,302.33 $533.64 $0.00 $386.19 $69,222.16
250 $69,222.16 $533.64 $0.00 $391.39 $70,147.19
251 $70,147.19 $533.64 $0.00 $396.62 $71,077.45
252 $71,077.45 $533.64 $0.00 $401.88 $72,012.97
253 $72,012.97 $0.00 $72,426.67 $407.17 ($6.53)