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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$154,711
Monthly savings required$1,225

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 $618,843.02 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,224.68 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$59,660.00
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 $1,224.68 $0.00 $0.00 $1,224.68
2 $1,224.68 $1,224.68 $0.00 $6.92 $2,456.28
3 $2,456.28 $1,224.68 $0.00 $13.89 $3,694.85
4 $3,694.85 $1,224.68 $0.00 $20.89 $4,940.42
5 $4,940.42 $1,224.68 $0.00 $27.93 $6,193.03
6 $6,193.03 $1,224.68 $0.00 $35.02 $7,452.73
7 $7,452.73 $1,224.68 $0.00 $42.14 $8,719.55
8 $8,719.55 $1,224.68 $0.00 $49.30 $9,993.53
9 $9,993.53 $1,224.68 $0.00 $56.50 $11,274.71
10 $11,274.71 $1,224.68 $0.00 $63.75 $12,563.14
11 $12,563.14 $1,224.68 $0.00 $71.03 $13,858.85
12 $13,858.85 $1,224.68 $0.00 $78.36 $15,161.89
13 $15,161.89 $1,224.68 $0.00 $85.73 $16,472.30
14 $16,472.30 $1,224.68 $0.00 $93.14 $17,790.12
15 $17,790.12 $1,224.68 $0.00 $100.59 $19,115.39
16 $19,115.39 $1,224.68 $0.00 $108.08 $20,448.15
17 $20,448.15 $1,224.68 $0.00 $115.62 $21,788.45
18 $21,788.45 $1,224.68 $0.00 $123.20 $23,136.33
19 $23,136.33 $1,224.68 $0.00 $130.82 $24,491.83
20 $24,491.83 $1,224.68 $0.00 $138.48 $25,854.99
21 $25,854.99 $1,224.68 $0.00 $146.19 $27,225.86
22 $27,225.86 $1,224.68 $0.00 $153.94 $28,604.48
23 $28,604.48 $1,224.68 $0.00 $161.73 $29,990.89
24 $29,990.89 $1,224.68 $0.00 $169.57 $31,385.14
25 $31,385.14 $1,224.68 $0.00 $177.46 $32,787.28
26 $32,787.28 $1,224.68 $0.00 $185.38 $34,197.34
27 $34,197.34 $1,224.68 $0.00 $193.36 $35,615.38
28 $35,615.38 $1,224.68 $0.00 $201.37 $37,041.43
29 $37,041.43 $1,224.68 $0.00 $209.44 $38,475.55
30 $38,475.55 $1,224.68 $0.00 $217.55 $39,917.78
31 $39,917.78 $1,224.68 $0.00 $225.70 $41,368.16
32 $41,368.16 $1,224.68 $0.00 $233.90 $42,826.74
33 $42,826.74 $1,224.68 $0.00 $242.15 $44,293.57
34 $44,293.57 $1,224.68 $0.00 $250.44 $45,768.69
35 $45,768.69 $1,224.68 $0.00 $258.78 $47,252.15
36 $47,252.15 $1,224.68 $0.00 $267.17 $48,744.00
37 $48,744.00 $1,224.68 $0.00 $275.61 $50,244.29
38 $50,244.29 $1,224.68 $0.00 $284.09 $51,753.06
39 $51,753.06 $1,224.68 $0.00 $292.62 $53,270.36
40 $53,270.36 $1,224.68 $0.00 $301.20 $54,796.24
41 $54,796.24 $1,224.68 $0.00 $309.83 $56,330.75
42 $56,330.75 $1,224.68 $0.00 $318.50 $57,873.93
43 $57,873.93 $1,224.68 $0.00 $327.23 $59,425.84
44 $59,425.84 $1,224.68 $0.00 $336.00 $60,986.52
45 $60,986.52 $1,224.68 $0.00 $344.83 $62,556.03
46 $62,556.03 $1,224.68 $0.00 $353.70 $64,134.41
47 $64,134.41 $1,224.68 $0.00 $362.63 $65,721.72
48 $65,721.72 $1,224.68 $0.00 $371.60 $67,318.00
49 $67,318.00 $1,224.68 $0.00 $380.63 $68,923.31
50 $68,923.31 $1,224.68 $0.00 $389.70 $70,537.69
51 $70,537.69 $1,224.68 $0.00 $398.83 $72,161.20
52 $72,161.20 $1,224.68 $0.00 $408.01 $73,793.89
53 $73,793.89 $1,224.68 $0.00 $417.24 $75,435.81
54 $75,435.81 $1,224.68 $0.00 $426.53 $77,087.02
55 $77,087.02 $1,224.68 $0.00 $435.86 $78,747.56
56 $78,747.56 $1,224.68 $0.00 $445.25 $80,417.49
57 $80,417.49 $1,224.68 $0.00 $454.69 $82,096.86
58 $82,096.86 $1,224.68 $0.00 $464.19 $83,785.73
59 $83,785.73 $1,224.68 $0.00 $473.74 $85,484.15
60 $85,484.15 $1,224.68 $0.00 $483.34 $87,192.17
61 $87,192.17 $1,224.68 $0.00 $493.00 $88,909.85
62 $88,909.85 $1,224.68 $0.00 $502.71 $90,637.24
63 $90,637.24 $1,224.68 $0.00 $512.48 $92,374.40
64 $92,374.40 $1,224.68 $0.00 $522.30 $94,121.38
65 $94,121.38 $1,224.68 $0.00 $532.18 $95,878.24
66 $95,878.24 $1,224.68 $0.00 $542.11 $97,645.03
67 $97,645.03 $1,224.68 $0.00 $552.10 $99,421.81
68 $99,421.81 $1,224.68 $0.00 $562.15 $101,208.64
69 $101,208.64 $1,224.68 $0.00 $572.25 $103,005.57
70 $103,005.57 $1,224.68 $0.00 $582.41 $104,812.66
71 $104,812.66 $1,224.68 $0.00 $592.63 $106,629.97
72 $106,629.97 $1,224.68 $0.00 $602.90 $108,457.55
73 $108,457.55 $1,224.68 $0.00 $613.23 $110,295.46
74 $110,295.46 $1,224.68 $0.00 $623.63 $112,143.77
75 $112,143.77 $1,224.68 $0.00 $634.08 $114,002.53
76 $114,002.53 $1,224.68 $0.00 $644.59 $115,871.80
77 $115,871.80 $1,224.68 $0.00 $655.16 $117,751.64
78 $117,751.64 $1,224.68 $0.00 $665.78 $119,642.10
79 $119,642.10 $1,224.68 $0.00 $676.47 $121,543.25
80 $121,543.25 $1,224.68 $0.00 $687.22 $123,455.15
81 $123,455.15 $1,224.68 $0.00 $698.03 $125,377.86
82 $125,377.86 $1,224.68 $0.00 $708.90 $127,311.44
83 $127,311.44 $1,224.68 $0.00 $719.84 $129,255.96
84 $129,255.96 $1,224.68 $0.00 $730.83 $131,211.47
85 $131,211.47 $1,224.68 $0.00 $741.89 $133,178.04
86 $133,178.04 $1,224.68 $0.00 $753.01 $135,155.73
87 $135,155.73 $1,224.68 $0.00 $764.19 $137,144.60
88 $137,144.60 $1,224.68 $0.00 $775.44 $139,144.72
89 $139,144.72 $1,224.68 $0.00 $786.74 $141,156.14
90 $141,156.14 $1,224.68 $0.00 $798.12 $143,178.94
91 $143,178.94 $1,224.68 $0.00 $809.55 $145,213.17
92 $145,213.17 $1,224.68 $0.00 $821.06 $147,258.91
93 $147,258.91 $1,224.68 $0.00 $832.62 $149,316.21
94 $149,316.21 $1,224.68 $0.00 $844.26 $151,385.15
95 $151,385.15 $1,224.68 $0.00 $855.95 $153,465.78
96 $153,465.78 $1,224.68 $0.00 $867.72 $155,558.18
97 $155,558.18 $1,224.68 $0.00 $879.55 $157,662.41
98 $157,662.41 $1,224.68 $0.00 $891.45 $159,778.54
99 $159,778.54 $1,224.68 $0.00 $903.41 $161,906.63
100 $161,906.63 $1,224.68 $0.00 $915.44 $164,046.75
101 $164,046.75 $1,224.68 $0.00 $927.54 $166,198.97
102 $166,198.97 $1,224.68 $0.00 $939.71 $168,363.36
103 $168,363.36 $1,224.68 $0.00 $951.95 $170,539.99
104 $170,539.99 $1,224.68 $0.00 $964.26 $172,728.93
105 $172,728.93 $1,224.68 $0.00 $976.63 $174,930.24
106 $174,930.24 $1,224.68 $0.00 $989.08 $177,144.00
107 $177,144.00 $1,224.68 $0.00 $1,001.60 $179,370.28
108 $179,370.28 $1,224.68 $0.00 $1,014.19 $181,609.15
109 $181,609.15 $1,224.68 $0.00 $1,026.84 $183,860.67
110 $183,860.67 $1,224.68 $0.00 $1,039.57 $186,124.92
111 $186,124.92 $1,224.68 $0.00 $1,052.38 $188,401.98
112 $188,401.98 $1,224.68 $0.00 $1,065.25 $190,691.91
113 $190,691.91 $1,224.68 $0.00 $1,078.20 $192,994.79
114 $192,994.79 $1,224.68 $0.00 $1,091.22 $195,310.69
115 $195,310.69 $1,224.68 $0.00 $1,104.32 $197,639.69
116 $197,639.69 $1,224.68 $0.00 $1,117.48 $199,981.85
117 $199,981.85 $1,224.68 $0.00 $1,130.73 $202,337.26
118 $202,337.26 $1,224.68 $0.00 $1,144.04 $204,705.98
119 $204,705.98 $1,224.68 $0.00 $1,157.44 $207,088.10
120 $207,088.10 $1,224.68 $0.00 $1,170.91 $209,483.69
121 $209,483.69 $1,224.68 $0.00 $1,184.45 $211,892.82
122 $211,892.82 $1,224.68 $0.00 $1,198.07 $214,315.57
123 $214,315.57 $1,224.68 $0.00 $1,211.77 $216,752.02
124 $216,752.02 $1,224.68 $0.00 $1,225.55 $219,202.25
125 $219,202.25 $1,224.68 $0.00 $1,239.40 $221,666.33
126 $221,666.33 $1,224.68 $0.00 $1,253.33 $224,144.34
127 $224,144.34 $1,224.68 $0.00 $1,267.34 $226,636.36
128 $226,636.36 $1,224.68 $0.00 $1,281.43 $229,142.47
129 $229,142.47 $1,224.68 $0.00 $1,295.60 $231,662.75
130 $231,662.75 $1,224.68 $0.00 $1,309.85 $234,197.28
131 $234,197.28 $1,224.68 $0.00 $1,324.19 $236,746.15
132 $236,746.15 $1,224.68 $0.00 $1,338.60 $239,309.43
133 $239,309.43 $1,224.68 $0.00 $1,353.09 $241,887.20
134 $241,887.20 $1,224.68 $0.00 $1,367.67 $244,479.55
135 $244,479.55 $1,224.68 $0.00 $1,382.32 $247,086.55
136 $247,086.55 $1,224.68 $0.00 $1,397.06 $249,708.29
137 $249,708.29 $1,224.68 $0.00 $1,411.89 $252,344.86
138 $252,344.86 $1,224.68 $0.00 $1,426.79 $254,996.33
139 $254,996.33 $1,224.68 $0.00 $1,441.79 $257,662.80
140 $257,662.80 $1,224.68 $0.00 $1,456.86 $260,344.34
141 $260,344.34 $1,224.68 $0.00 $1,472.02 $263,041.04
142 $263,041.04 $1,224.68 $0.00 $1,487.27 $265,752.99
143 $265,752.99 $1,224.68 $0.00 $1,502.61 $268,480.28
144 $268,480.28 $1,224.68 $0.00 $1,518.03 $271,222.99
145 $271,222.99 $1,224.68 $0.00 $1,533.53 $273,981.20
146 $273,981.20 $1,224.68 $0.00 $1,549.13 $276,755.01
147 $276,755.01 $1,224.68 $0.00 $1,564.81 $279,544.50
148 $279,544.50 $1,224.68 $0.00 $1,580.59 $282,349.77
149 $282,349.77 $1,224.68 $0.00 $1,596.45 $285,170.90
150 $285,170.90 $1,224.68 $0.00 $1,612.40 $288,007.98
151 $288,007.98 $1,224.68 $0.00 $1,628.44 $290,861.10
152 $290,861.10 $1,224.68 $0.00 $1,644.57 $293,730.35
153 $293,730.35 $1,224.68 $0.00 $1,660.79 $296,615.82
154 $296,615.82 $1,224.68 $0.00 $1,677.11 $299,517.61
155 $299,517.61 $1,224.68 $0.00 $1,693.52 $302,435.81
156 $302,435.81 $1,224.68 $0.00 $1,710.02 $305,370.51
157 $305,370.51 $1,224.68 $0.00 $1,726.61 $308,321.80
158 $308,321.80 $1,224.68 $0.00 $1,743.30 $311,289.78
159 $311,289.78 $1,224.68 $0.00 $1,760.08 $314,274.54
160 $314,274.54 $1,224.68 $0.00 $1,776.95 $317,276.17
161 $317,276.17 $1,224.68 $0.00 $1,793.93 $320,294.78
162 $320,294.78 $1,224.68 $0.00 $1,810.99 $323,330.45
163 $323,330.45 $1,224.68 $0.00 $1,828.16 $326,383.29
164 $326,383.29 $1,224.68 $0.00 $1,845.42 $329,453.39
165 $329,453.39 $1,224.68 $0.00 $1,862.78 $332,540.85
166 $332,540.85 $1,224.68 $0.00 $1,880.23 $335,645.76
167 $335,645.76 $1,224.68 $0.00 $1,897.79 $338,768.23
168 $338,768.23 $1,224.68 $0.00 $1,915.44 $341,908.35
169 $341,908.35 $1,224.68 $0.00 $1,933.20 $345,066.23
170 $345,066.23 $1,224.68 $0.00 $1,951.05 $348,241.96
171 $348,241.96 $1,224.68 $0.00 $1,969.01 $351,435.65
172 $351,435.65 $1,224.68 $0.00 $1,987.07 $354,647.40
173 $354,647.40 $1,224.68 $0.00 $2,005.23 $357,877.31
174 $357,877.31 $1,224.68 $0.00 $2,023.49 $361,125.48
175 $361,125.48 $1,224.68 $0.00 $2,041.86 $364,392.02
176 $364,392.02 $1,224.68 $0.00 $2,060.33 $367,677.03
177 $367,677.03 $1,224.68 $0.00 $2,078.90 $370,980.61
178 $370,980.61 $1,224.68 $0.00 $2,097.58 $374,302.87
179 $374,302.87 $1,224.68 $0.00 $2,116.36 $377,643.91
180 $377,643.91 $1,224.68 $0.00 $2,135.25 $381,003.84
181 $381,003.84 $1,224.68 $0.00 $2,154.25 $384,382.77
182 $384,382.77 $1,224.68 $0.00 $2,173.36 $387,780.81
183 $387,780.81 $1,224.68 $0.00 $2,192.57 $391,198.06
184 $391,198.06 $1,224.68 $0.00 $2,211.89 $394,634.63
185 $394,634.63 $1,224.68 $0.00 $2,231.32 $398,090.63
186 $398,090.63 $1,224.68 $0.00 $2,250.86 $401,566.17
187 $401,566.17 $1,224.68 $0.00 $2,270.51 $405,061.36
188 $405,061.36 $1,224.68 $0.00 $2,290.28 $408,576.32
189 $408,576.32 $1,224.68 $0.00 $2,310.15 $412,111.15
190 $412,111.15 $1,224.68 $0.00 $2,330.14 $415,665.97
191 $415,665.97 $1,224.68 $0.00 $2,350.24 $419,240.89
192 $419,240.89 $1,224.68 $0.00 $2,370.45 $422,836.02
193 $422,836.02 $1,224.68 $0.00 $2,390.78 $426,451.48
194 $426,451.48 $1,224.68 $0.00 $2,411.22 $430,087.38
195 $430,087.38 $1,224.68 $0.00 $2,431.78 $433,743.84
196 $433,743.84 $1,224.68 $0.00 $2,452.45 $437,420.97
197 $437,420.97 $1,224.68 $0.00 $2,473.24 $441,118.89
198 $441,118.89 $1,224.68 $0.00 $2,494.15 $444,837.72
199 $444,837.72 $1,224.68 $0.00 $2,515.18 $448,577.58
200 $448,577.58 $1,224.68 $0.00 $2,536.32 $452,338.58
201 $452,338.58 $1,224.68 $0.00 $2,557.59 $456,120.85
202 $456,120.85 $1,224.68 $0.00 $2,578.97 $459,924.50
203 $459,924.50 $1,224.68 $0.00 $2,600.48 $463,749.66
204 $463,749.66 $1,224.68 $0.00 $2,622.11 $467,596.45
205 $467,596.45 $1,224.68 $0.00 $2,643.86 $471,464.99
206 $471,464.99 $1,224.68 $0.00 $2,665.73 $475,355.40
207 $475,355.40 $1,224.68 $0.00 $2,687.73 $479,267.81
208 $479,267.81 $1,224.68 $0.00 $2,709.85 $483,202.34
209 $483,202.34 $1,224.68 $0.00 $2,732.10 $487,159.12
210 $487,159.12 $1,224.68 $0.00 $2,754.47 $491,138.27
211 $491,138.27 $1,224.68 $0.00 $2,776.97 $495,139.92
212 $495,139.92 $1,224.68 $0.00 $2,799.59 $499,164.19
213 $499,164.19 $1,224.68 $0.00 $2,822.35 $503,211.22
214 $503,211.22 $1,224.68 $0.00 $2,845.23 $507,281.13
215 $507,281.13 $1,224.68 $0.00 $2,868.24 $511,374.05
216 $511,374.05 $1,224.68 $0.00 $2,891.38 $515,490.11
217 $515,490.11 $1,224.68 $143,578.90 $2,914.66 $376,050.55
218 $376,050.55 $1,224.68 $0.00 $2,126.24 $379,401.47
219 $379,401.47 $1,224.68 $0.00 $2,145.19 $382,771.34
220 $382,771.34 $1,224.68 $0.00 $2,164.24 $386,160.26
221 $386,160.26 $1,224.68 $0.00 $2,183.41 $389,568.35
222 $389,568.35 $1,224.68 $0.00 $2,202.68 $392,995.71
223 $392,995.71 $1,224.68 $0.00 $2,222.05 $396,442.44
224 $396,442.44 $1,224.68 $0.00 $2,241.54 $399,908.66
225 $399,908.66 $1,224.68 $0.00 $2,261.14 $403,394.48
226 $403,394.48 $1,224.68 $0.00 $2,280.85 $406,900.01
227 $406,900.01 $1,224.68 $0.00 $2,300.67 $410,425.36
228 $410,425.36 $1,224.68 $0.00 $2,320.60 $413,970.64
229 $413,970.64 $1,224.68 $150,757.85 $2,340.65 $266,778.12
230 $266,778.12 $1,224.68 $0.00 $1,508.40 $269,511.20
231 $269,511.20 $1,224.68 $0.00 $1,523.86 $272,259.74
232 $272,259.74 $1,224.68 $0.00 $1,539.40 $275,023.82
233 $275,023.82 $1,224.68 $0.00 $1,555.02 $277,803.52
234 $277,803.52 $1,224.68 $0.00 $1,570.74 $280,598.94
235 $280,598.94 $1,224.68 $0.00 $1,586.55 $283,410.17
236 $283,410.17 $1,224.68 $0.00 $1,602.44 $286,237.29
237 $286,237.29 $1,224.68 $0.00 $1,618.43 $289,080.40
238 $289,080.40 $1,224.68 $0.00 $1,634.50 $291,939.58
239 $291,939.58 $1,224.68 $0.00 $1,650.67 $294,814.93
240 $294,814.93 $1,224.68 $0.00 $1,666.93 $297,706.54
241 $297,706.54 $1,224.68 $158,295.74 $1,683.28 $142,318.76
242 $142,318.76 $1,224.68 $0.00 $804.69 $144,348.13
243 $144,348.13 $1,224.68 $0.00 $816.17 $146,388.98
244 $146,388.98 $1,224.68 $0.00 $827.70 $148,441.36
245 $148,441.36 $1,224.68 $0.00 $839.31 $150,505.35
246 $150,505.35 $1,224.68 $0.00 $850.98 $152,581.01
247 $152,581.01 $1,224.68 $0.00 $862.72 $154,668.41
248 $154,668.41 $1,224.68 $0.00 $874.52 $156,767.61
249 $156,767.61 $1,224.68 $0.00 $886.39 $158,878.68
250 $158,878.68 $1,224.68 $0.00 $898.32 $161,001.68
251 $161,001.68 $1,224.68 $0.00 $910.33 $163,136.69
252 $163,136.69 $1,224.68 $0.00 $922.40 $165,283.77
253 $165,283.77 $0.00 $166,210.53 $934.54 $7.78