Savings Plan and Future Cost Estimation for Butler University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$160,338
Monthly savings required$1,269

How much will it cost to send your child to Butler University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $641,352.06 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,269.22 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$61,830.00
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 $1,269.22 $0.00 $0.00 $1,269.22
2 $1,269.22 $1,269.22 $0.00 $7.18 $2,545.62
3 $2,545.62 $1,269.22 $0.00 $14.39 $3,829.23
4 $3,829.23 $1,269.22 $0.00 $21.65 $5,120.10
5 $5,120.10 $1,269.22 $0.00 $28.95 $6,418.27
6 $6,418.27 $1,269.22 $0.00 $36.29 $7,723.78
7 $7,723.78 $1,269.22 $0.00 $43.67 $9,036.67
8 $9,036.67 $1,269.22 $0.00 $51.09 $10,356.98
9 $10,356.98 $1,269.22 $0.00 $58.56 $11,684.76
10 $11,684.76 $1,269.22 $0.00 $66.07 $13,020.05
11 $13,020.05 $1,269.22 $0.00 $73.62 $14,362.89
12 $14,362.89 $1,269.22 $0.00 $81.21 $15,713.32
13 $15,713.32 $1,269.22 $0.00 $88.85 $17,071.39
14 $17,071.39 $1,269.22 $0.00 $96.52 $18,437.13
15 $18,437.13 $1,269.22 $0.00 $104.25 $19,810.60
16 $19,810.60 $1,269.22 $0.00 $112.01 $21,191.83
17 $21,191.83 $1,269.22 $0.00 $119.82 $22,580.87
18 $22,580.87 $1,269.22 $0.00 $127.68 $23,977.77
19 $23,977.77 $1,269.22 $0.00 $135.57 $25,382.56
20 $25,382.56 $1,269.22 $0.00 $143.52 $26,795.30
21 $26,795.30 $1,269.22 $0.00 $151.50 $28,216.02
22 $28,216.02 $1,269.22 $0.00 $159.54 $29,644.78
23 $29,644.78 $1,269.22 $0.00 $167.62 $31,081.62
24 $31,081.62 $1,269.22 $0.00 $175.74 $32,526.58
25 $32,526.58 $1,269.22 $0.00 $183.91 $33,979.71
26 $33,979.71 $1,269.22 $0.00 $192.13 $35,441.06
27 $35,441.06 $1,269.22 $0.00 $200.39 $36,910.67
28 $36,910.67 $1,269.22 $0.00 $208.70 $38,388.59
29 $38,388.59 $1,269.22 $0.00 $217.05 $39,874.86
30 $39,874.86 $1,269.22 $0.00 $225.46 $41,369.54
31 $41,369.54 $1,269.22 $0.00 $233.91 $42,872.67
32 $42,872.67 $1,269.22 $0.00 $242.41 $44,384.30
33 $44,384.30 $1,269.22 $0.00 $250.96 $45,904.48
34 $45,904.48 $1,269.22 $0.00 $259.55 $47,433.25
35 $47,433.25 $1,269.22 $0.00 $268.19 $48,970.66
36 $48,970.66 $1,269.22 $0.00 $276.89 $50,516.77
37 $50,516.77 $1,269.22 $0.00 $285.63 $52,071.62
38 $52,071.62 $1,269.22 $0.00 $294.42 $53,635.26
39 $53,635.26 $1,269.22 $0.00 $303.26 $55,207.74
40 $55,207.74 $1,269.22 $0.00 $312.15 $56,789.11
41 $56,789.11 $1,269.22 $0.00 $321.09 $58,379.42
42 $58,379.42 $1,269.22 $0.00 $330.09 $59,978.73
43 $59,978.73 $1,269.22 $0.00 $339.13 $61,587.08
44 $61,587.08 $1,269.22 $0.00 $348.22 $63,204.52
45 $63,204.52 $1,269.22 $0.00 $357.37 $64,831.11
46 $64,831.11 $1,269.22 $0.00 $366.56 $66,466.89
47 $66,466.89 $1,269.22 $0.00 $375.81 $68,111.92
48 $68,111.92 $1,269.22 $0.00 $385.11 $69,766.25
49 $69,766.25 $1,269.22 $0.00 $394.47 $71,429.94
50 $71,429.94 $1,269.22 $0.00 $403.88 $73,103.04
51 $73,103.04 $1,269.22 $0.00 $413.34 $74,785.60
52 $74,785.60 $1,269.22 $0.00 $422.85 $76,477.67
53 $76,477.67 $1,269.22 $0.00 $432.42 $78,179.31
54 $78,179.31 $1,269.22 $0.00 $442.04 $79,890.57
55 $79,890.57 $1,269.22 $0.00 $451.71 $81,611.50
56 $81,611.50 $1,269.22 $0.00 $461.44 $83,342.16
57 $83,342.16 $1,269.22 $0.00 $471.23 $85,082.61
58 $85,082.61 $1,269.22 $0.00 $481.07 $86,832.90
59 $86,832.90 $1,269.22 $0.00 $490.97 $88,593.09
60 $88,593.09 $1,269.22 $0.00 $500.92 $90,363.23
61 $90,363.23 $1,269.22 $0.00 $510.93 $92,143.38
62 $92,143.38 $1,269.22 $0.00 $520.99 $93,933.59
63 $93,933.59 $1,269.22 $0.00 $531.11 $95,733.92
64 $95,733.92 $1,269.22 $0.00 $541.29 $97,544.43
65 $97,544.43 $1,269.22 $0.00 $551.53 $99,365.18
66 $99,365.18 $1,269.22 $0.00 $561.83 $101,196.23
67 $101,196.23 $1,269.22 $0.00 $572.18 $103,037.63
68 $103,037.63 $1,269.22 $0.00 $582.59 $104,889.44
69 $104,889.44 $1,269.22 $0.00 $593.06 $106,751.72
70 $106,751.72 $1,269.22 $0.00 $603.59 $108,624.53
71 $108,624.53 $1,269.22 $0.00 $614.18 $110,507.93
72 $110,507.93 $1,269.22 $0.00 $624.83 $112,401.98
73 $112,401.98 $1,269.22 $0.00 $635.54 $114,306.74
74 $114,306.74 $1,269.22 $0.00 $646.31 $116,222.27
75 $116,222.27 $1,269.22 $0.00 $657.14 $118,148.63
76 $118,148.63 $1,269.22 $0.00 $668.03 $120,085.88
77 $120,085.88 $1,269.22 $0.00 $678.98 $122,034.08
78 $122,034.08 $1,269.22 $0.00 $690.00 $123,993.30
79 $123,993.30 $1,269.22 $0.00 $701.08 $125,963.60
80 $125,963.60 $1,269.22 $0.00 $712.22 $127,945.04
81 $127,945.04 $1,269.22 $0.00 $723.42 $129,937.68
82 $129,937.68 $1,269.22 $0.00 $734.69 $131,941.59
83 $131,941.59 $1,269.22 $0.00 $746.02 $133,956.83
84 $133,956.83 $1,269.22 $0.00 $757.41 $135,983.46
85 $135,983.46 $1,269.22 $0.00 $768.87 $138,021.55
86 $138,021.55 $1,269.22 $0.00 $780.39 $140,071.16
87 $140,071.16 $1,269.22 $0.00 $791.98 $142,132.36
88 $142,132.36 $1,269.22 $0.00 $803.64 $144,205.22
89 $144,205.22 $1,269.22 $0.00 $815.36 $146,289.80
90 $146,289.80 $1,269.22 $0.00 $827.14 $148,386.16
91 $148,386.16 $1,269.22 $0.00 $839.00 $150,494.38
92 $150,494.38 $1,269.22 $0.00 $850.92 $152,614.52
93 $152,614.52 $1,269.22 $0.00 $862.90 $154,746.64
94 $154,746.64 $1,269.22 $0.00 $874.96 $156,890.82
95 $156,890.82 $1,269.22 $0.00 $887.08 $159,047.12
96 $159,047.12 $1,269.22 $0.00 $899.28 $161,215.62
97 $161,215.62 $1,269.22 $0.00 $911.54 $163,396.38
98 $163,396.38 $1,269.22 $0.00 $923.87 $165,589.47
99 $165,589.47 $1,269.22 $0.00 $936.27 $167,794.96
100 $167,794.96 $1,269.22 $0.00 $948.74 $170,012.92
101 $170,012.92 $1,269.22 $0.00 $961.28 $172,243.42
102 $172,243.42 $1,269.22 $0.00 $973.89 $174,486.53
103 $174,486.53 $1,269.22 $0.00 $986.57 $176,742.32
104 $176,742.32 $1,269.22 $0.00 $999.33 $179,010.87
105 $179,010.87 $1,269.22 $0.00 $1,012.15 $181,292.24
106 $181,292.24 $1,269.22 $0.00 $1,025.05 $183,586.51
107 $183,586.51 $1,269.22 $0.00 $1,038.02 $185,893.75
108 $185,893.75 $1,269.22 $0.00 $1,051.07 $188,214.04
109 $188,214.04 $1,269.22 $0.00 $1,064.19 $190,547.45
110 $190,547.45 $1,269.22 $0.00 $1,077.38 $192,894.05
111 $192,894.05 $1,269.22 $0.00 $1,090.65 $195,253.92
112 $195,253.92 $1,269.22 $0.00 $1,103.99 $197,627.13
113 $197,627.13 $1,269.22 $0.00 $1,117.41 $200,013.76
114 $200,013.76 $1,269.22 $0.00 $1,130.91 $202,413.89
115 $202,413.89 $1,269.22 $0.00 $1,144.48 $204,827.59
116 $204,827.59 $1,269.22 $0.00 $1,158.12 $207,254.93
117 $207,254.93 $1,269.22 $0.00 $1,171.85 $209,696.00
118 $209,696.00 $1,269.22 $0.00 $1,185.65 $212,150.87
119 $212,150.87 $1,269.22 $0.00 $1,199.53 $214,619.62
120 $214,619.62 $1,269.22 $0.00 $1,213.49 $217,102.33
121 $217,102.33 $1,269.22 $0.00 $1,227.53 $219,599.08
122 $219,599.08 $1,269.22 $0.00 $1,241.65 $222,109.95
123 $222,109.95 $1,269.22 $0.00 $1,255.84 $224,635.01
124 $224,635.01 $1,269.22 $0.00 $1,270.12 $227,174.35
125 $227,174.35 $1,269.22 $0.00 $1,284.48 $229,728.05
126 $229,728.05 $1,269.22 $0.00 $1,298.92 $232,296.19
127 $232,296.19 $1,269.22 $0.00 $1,313.44 $234,878.85
128 $234,878.85 $1,269.22 $0.00 $1,328.04 $237,476.11
129 $237,476.11 $1,269.22 $0.00 $1,342.72 $240,088.05
130 $240,088.05 $1,269.22 $0.00 $1,357.49 $242,714.76
131 $242,714.76 $1,269.22 $0.00 $1,372.34 $245,356.32
132 $245,356.32 $1,269.22 $0.00 $1,387.28 $248,012.82
133 $248,012.82 $1,269.22 $0.00 $1,402.30 $250,684.34
134 $250,684.34 $1,269.22 $0.00 $1,417.41 $253,370.97
135 $253,370.97 $1,269.22 $0.00 $1,432.60 $256,072.79
136 $256,072.79 $1,269.22 $0.00 $1,447.87 $258,789.88
137 $258,789.88 $1,269.22 $0.00 $1,463.24 $261,522.34
138 $261,522.34 $1,269.22 $0.00 $1,478.69 $264,270.25
139 $264,270.25 $1,269.22 $0.00 $1,494.22 $267,033.69
140 $267,033.69 $1,269.22 $0.00 $1,509.85 $269,812.76
141 $269,812.76 $1,269.22 $0.00 $1,525.56 $272,607.54
142 $272,607.54 $1,269.22 $0.00 $1,541.36 $275,418.12
143 $275,418.12 $1,269.22 $0.00 $1,557.25 $278,244.59
144 $278,244.59 $1,269.22 $0.00 $1,573.24 $281,087.05
145 $281,087.05 $1,269.22 $0.00 $1,589.31 $283,945.58
146 $283,945.58 $1,269.22 $0.00 $1,605.47 $286,820.27
147 $286,820.27 $1,269.22 $0.00 $1,621.72 $289,711.21
148 $289,711.21 $1,269.22 $0.00 $1,638.07 $292,618.50
149 $292,618.50 $1,269.22 $0.00 $1,654.51 $295,542.23
150 $295,542.23 $1,269.22 $0.00 $1,671.04 $298,482.49
151 $298,482.49 $1,269.22 $0.00 $1,687.66 $301,439.37
152 $301,439.37 $1,269.22 $0.00 $1,704.38 $304,412.97
153 $304,412.97 $1,269.22 $0.00 $1,721.20 $307,403.39
154 $307,403.39 $1,269.22 $0.00 $1,738.10 $310,410.71
155 $310,410.71 $1,269.22 $0.00 $1,755.11 $313,435.04
156 $313,435.04 $1,269.22 $0.00 $1,772.21 $316,476.47
157 $316,476.47 $1,269.22 $0.00 $1,789.40 $319,535.09
158 $319,535.09 $1,269.22 $0.00 $1,806.70 $322,611.01
159 $322,611.01 $1,269.22 $0.00 $1,824.09 $325,704.32
160 $325,704.32 $1,269.22 $0.00 $1,841.58 $328,815.12
161 $328,815.12 $1,269.22 $0.00 $1,859.17 $331,943.51
162 $331,943.51 $1,269.22 $0.00 $1,876.86 $335,089.59
163 $335,089.59 $1,269.22 $0.00 $1,894.65 $338,253.46
164 $338,253.46 $1,269.22 $0.00 $1,912.53 $341,435.21
165 $341,435.21 $1,269.22 $0.00 $1,930.52 $344,634.95
166 $344,634.95 $1,269.22 $0.00 $1,948.62 $347,852.79
167 $347,852.79 $1,269.22 $0.00 $1,966.81 $351,088.82
168 $351,088.82 $1,269.22 $0.00 $1,985.11 $354,343.15
169 $354,343.15 $1,269.22 $0.00 $2,003.51 $357,615.88
170 $357,615.88 $1,269.22 $0.00 $2,022.01 $360,907.11
171 $360,907.11 $1,269.22 $0.00 $2,040.62 $364,216.95
172 $364,216.95 $1,269.22 $0.00 $2,059.34 $367,545.51
173 $367,545.51 $1,269.22 $0.00 $2,078.16 $370,892.89
174 $370,892.89 $1,269.22 $0.00 $2,097.08 $374,259.19
175 $374,259.19 $1,269.22 $0.00 $2,116.12 $377,644.53
176 $377,644.53 $1,269.22 $0.00 $2,135.26 $381,049.01
177 $381,049.01 $1,269.22 $0.00 $2,154.51 $384,472.74
178 $384,472.74 $1,269.22 $0.00 $2,173.86 $387,915.82
179 $387,915.82 $1,269.22 $0.00 $2,193.33 $391,378.37
180 $391,378.37 $1,269.22 $0.00 $2,212.91 $394,860.50
181 $394,860.50 $1,269.22 $0.00 $2,232.60 $398,362.32
182 $398,362.32 $1,269.22 $0.00 $2,252.40 $401,883.94
183 $401,883.94 $1,269.22 $0.00 $2,272.31 $405,425.47
184 $405,425.47 $1,269.22 $0.00 $2,292.33 $408,987.02
185 $408,987.02 $1,269.22 $0.00 $2,312.47 $412,568.71
186 $412,568.71 $1,269.22 $0.00 $2,332.72 $416,170.65
187 $416,170.65 $1,269.22 $0.00 $2,353.09 $419,792.96
188 $419,792.96 $1,269.22 $0.00 $2,373.57 $423,435.75
189 $423,435.75 $1,269.22 $0.00 $2,394.17 $427,099.14
190 $427,099.14 $1,269.22 $0.00 $2,414.88 $430,783.24
191 $430,783.24 $1,269.22 $0.00 $2,435.71 $434,488.17
192 $434,488.17 $1,269.22 $0.00 $2,456.66 $438,214.05
193 $438,214.05 $1,269.22 $0.00 $2,477.73 $441,961.00
194 $441,961.00 $1,269.22 $0.00 $2,498.91 $445,729.13
195 $445,729.13 $1,269.22 $0.00 $2,520.22 $449,518.57
196 $449,518.57 $1,269.22 $0.00 $2,541.64 $453,329.43
197 $453,329.43 $1,269.22 $0.00 $2,563.19 $457,161.84
198 $457,161.84 $1,269.22 $0.00 $2,584.86 $461,015.92
199 $461,015.92 $1,269.22 $0.00 $2,606.65 $464,891.79
200 $464,891.79 $1,269.22 $0.00 $2,628.57 $468,789.58
201 $468,789.58 $1,269.22 $0.00 $2,650.60 $472,709.40
202 $472,709.40 $1,269.22 $0.00 $2,672.77 $476,651.39
203 $476,651.39 $1,269.22 $0.00 $2,695.06 $480,615.67
204 $480,615.67 $1,269.22 $0.00 $2,717.47 $484,602.36
205 $484,602.36 $1,269.22 $0.00 $2,740.01 $488,611.59
206 $488,611.59 $1,269.22 $0.00 $2,762.68 $492,643.49
207 $492,643.49 $1,269.22 $0.00 $2,785.48 $496,698.19
208 $496,698.19 $1,269.22 $0.00 $2,808.40 $500,775.81
209 $500,775.81 $1,269.22 $0.00 $2,831.46 $504,876.49
210 $504,876.49 $1,269.22 $0.00 $2,854.65 $509,000.36
211 $509,000.36 $1,269.22 $0.00 $2,877.96 $513,147.54
212 $513,147.54 $1,269.22 $0.00 $2,901.41 $517,318.17
213 $517,318.17 $1,269.22 $0.00 $2,924.99 $521,512.38
214 $521,512.38 $1,269.22 $0.00 $2,948.71 $525,730.31
215 $525,730.31 $1,269.22 $0.00 $2,972.56 $529,972.09
216 $529,972.09 $1,269.22 $0.00 $2,996.54 $534,237.85
217 $534,237.85 $1,269.22 $148,801.27 $3,020.66 $389,726.46
218 $389,726.46 $1,269.22 $0.00 $2,203.57 $393,199.25
219 $393,199.25 $1,269.22 $0.00 $2,223.21 $396,691.68
220 $396,691.68 $1,269.22 $0.00 $2,242.95 $400,203.85
221 $400,203.85 $1,269.22 $0.00 $2,262.81 $403,735.88
222 $403,735.88 $1,269.22 $0.00 $2,282.78 $407,287.88
223 $407,287.88 $1,269.22 $0.00 $2,302.86 $410,859.96
224 $410,859.96 $1,269.22 $0.00 $2,323.06 $414,452.24
225 $414,452.24 $1,269.22 $0.00 $2,343.37 $418,064.83
226 $418,064.83 $1,269.22 $0.00 $2,363.80 $421,697.85
227 $421,697.85 $1,269.22 $0.00 $2,384.34 $425,351.41
228 $425,351.41 $1,269.22 $0.00 $2,405.00 $429,025.63
229 $429,025.63 $1,269.22 $156,241.33 $2,425.77 $276,479.29
230 $276,479.29 $1,269.22 $0.00 $1,563.25 $279,311.76
231 $279,311.76 $1,269.22 $0.00 $1,579.27 $282,160.25
232 $282,160.25 $1,269.22 $0.00 $1,595.38 $285,024.85
233 $285,024.85 $1,269.22 $0.00 $1,611.57 $287,905.64
234 $287,905.64 $1,269.22 $0.00 $1,627.86 $290,802.72
235 $290,802.72 $1,269.22 $0.00 $1,644.24 $293,716.18
236 $293,716.18 $1,269.22 $0.00 $1,660.71 $296,646.11
237 $296,646.11 $1,269.22 $0.00 $1,677.28 $299,592.61
238 $299,592.61 $1,269.22 $0.00 $1,693.94 $302,555.77
239 $302,555.77 $1,269.22 $0.00 $1,710.69 $305,535.68
240 $305,535.68 $1,269.22 $0.00 $1,727.54 $308,532.44
241 $308,532.44 $1,269.22 $164,053.40 $1,744.49 $147,492.75
242 $147,492.75 $1,269.22 $0.00 $833.95 $149,595.92
243 $149,595.92 $1,269.22 $0.00 $845.84 $151,710.98
244 $151,710.98 $1,269.22 $0.00 $857.80 $153,838.00
245 $153,838.00 $1,269.22 $0.00 $869.82 $155,977.04
246 $155,977.04 $1,269.22 $0.00 $881.92 $158,128.18
247 $158,128.18 $1,269.22 $0.00 $894.08 $160,291.48
248 $160,291.48 $1,269.22 $0.00 $906.31 $162,467.01
249 $162,467.01 $1,269.22 $0.00 $918.61 $164,654.84
250 $164,654.84 $1,269.22 $0.00 $930.98 $166,855.04
251 $166,855.04 $1,269.22 $0.00 $943.42 $169,067.68
252 $169,067.68 $1,269.22 $0.00 $955.93 $171,292.83
253 $171,292.83 $0.00 $172,256.07 $968.51 $5.27