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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$77,537
Monthly savings required$614

How much will it cost to send your child to Crossroads Bible College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $310,147.61 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $613.76 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$29,900.00
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 $613.76 $0.00 $0.00 $613.76
2 $613.76 $613.76 $0.00 $3.47 $1,230.99
3 $1,230.99 $613.76 $0.00 $6.96 $1,851.71
4 $1,851.71 $613.76 $0.00 $10.47 $2,475.94
5 $2,475.94 $613.76 $0.00 $14.00 $3,103.70
6 $3,103.70 $613.76 $0.00 $17.55 $3,735.01
7 $3,735.01 $613.76 $0.00 $21.12 $4,369.89
8 $4,369.89 $613.76 $0.00 $24.71 $5,008.36
9 $5,008.36 $613.76 $0.00 $28.32 $5,650.44
10 $5,650.44 $613.76 $0.00 $31.95 $6,296.15
11 $6,296.15 $613.76 $0.00 $35.60 $6,945.51
12 $6,945.51 $613.76 $0.00 $39.27 $7,598.54
13 $7,598.54 $613.76 $0.00 $42.96 $8,255.26
14 $8,255.26 $613.76 $0.00 $46.68 $8,915.70
15 $8,915.70 $613.76 $0.00 $50.41 $9,579.87
16 $9,579.87 $613.76 $0.00 $54.17 $10,247.80
17 $10,247.80 $613.76 $0.00 $57.94 $10,919.50
18 $10,919.50 $613.76 $0.00 $61.74 $11,595.00
19 $11,595.00 $613.76 $0.00 $65.56 $12,274.32
20 $12,274.32 $613.76 $0.00 $69.40 $12,957.48
21 $12,957.48 $613.76 $0.00 $73.26 $13,644.50
22 $13,644.50 $613.76 $0.00 $77.15 $14,335.41
23 $14,335.41 $613.76 $0.00 $81.05 $15,030.22
24 $15,030.22 $613.76 $0.00 $84.98 $15,728.96
25 $15,728.96 $613.76 $0.00 $88.93 $16,431.65
26 $16,431.65 $613.76 $0.00 $92.91 $17,138.32
27 $17,138.32 $613.76 $0.00 $96.90 $17,848.98
28 $17,848.98 $613.76 $0.00 $100.92 $18,563.66
29 $18,563.66 $613.76 $0.00 $104.96 $19,282.38
30 $19,282.38 $613.76 $0.00 $109.03 $20,005.17
31 $20,005.17 $613.76 $0.00 $113.11 $20,732.04
32 $20,732.04 $613.76 $0.00 $117.22 $21,463.02
33 $21,463.02 $613.76 $0.00 $121.36 $22,198.14
34 $22,198.14 $613.76 $0.00 $125.51 $22,937.41
35 $22,937.41 $613.76 $0.00 $129.69 $23,680.86
36 $23,680.86 $613.76 $0.00 $133.90 $24,428.52
37 $24,428.52 $613.76 $0.00 $138.12 $25,180.40
38 $25,180.40 $613.76 $0.00 $142.37 $25,936.53
39 $25,936.53 $613.76 $0.00 $146.65 $26,696.94
40 $26,696.94 $613.76 $0.00 $150.95 $27,461.65
41 $27,461.65 $613.76 $0.00 $155.27 $28,230.68
42 $28,230.68 $613.76 $0.00 $159.62 $29,004.06
43 $29,004.06 $613.76 $0.00 $163.99 $29,781.81
44 $29,781.81 $613.76 $0.00 $168.39 $30,563.96
45 $30,563.96 $613.76 $0.00 $172.81 $31,350.53
46 $31,350.53 $613.76 $0.00 $177.26 $32,141.55
47 $32,141.55 $613.76 $0.00 $181.73 $32,937.04
48 $32,937.04 $613.76 $0.00 $186.23 $33,737.03
49 $33,737.03 $613.76 $0.00 $190.75 $34,541.54
50 $34,541.54 $613.76 $0.00 $195.30 $35,350.60
51 $35,350.60 $613.76 $0.00 $199.88 $36,164.24
52 $36,164.24 $613.76 $0.00 $204.48 $36,982.48
53 $36,982.48 $613.76 $0.00 $209.10 $37,805.34
54 $37,805.34 $613.76 $0.00 $213.76 $38,632.86
55 $38,632.86 $613.76 $0.00 $218.44 $39,465.06
56 $39,465.06 $613.76 $0.00 $223.14 $40,301.96
57 $40,301.96 $613.76 $0.00 $227.87 $41,143.59
58 $41,143.59 $613.76 $0.00 $232.63 $41,989.98
59 $41,989.98 $613.76 $0.00 $237.42 $42,841.16
60 $42,841.16 $613.76 $0.00 $242.23 $43,697.15
61 $43,697.15 $613.76 $0.00 $247.07 $44,557.98
62 $44,557.98 $613.76 $0.00 $251.94 $45,423.68
63 $45,423.68 $613.76 $0.00 $256.83 $46,294.27
64 $46,294.27 $613.76 $0.00 $261.75 $47,169.78
65 $47,169.78 $613.76 $0.00 $266.70 $48,050.24
66 $48,050.24 $613.76 $0.00 $271.68 $48,935.68
67 $48,935.68 $613.76 $0.00 $276.69 $49,826.13
68 $49,826.13 $613.76 $0.00 $281.72 $50,721.61
69 $50,721.61 $613.76 $0.00 $286.79 $51,622.16
70 $51,622.16 $613.76 $0.00 $291.88 $52,527.80
71 $52,527.80 $613.76 $0.00 $297.00 $53,438.56
72 $53,438.56 $613.76 $0.00 $302.15 $54,354.47
73 $54,354.47 $613.76 $0.00 $307.33 $55,275.56
74 $55,275.56 $613.76 $0.00 $312.54 $56,201.86
75 $56,201.86 $613.76 $0.00 $317.77 $57,133.39
76 $57,133.39 $613.76 $0.00 $323.04 $58,070.19
77 $58,070.19 $613.76 $0.00 $328.34 $59,012.29
78 $59,012.29 $613.76 $0.00 $333.66 $59,959.71
79 $59,959.71 $613.76 $0.00 $339.02 $60,912.49
80 $60,912.49 $613.76 $0.00 $344.41 $61,870.66
81 $61,870.66 $613.76 $0.00 $349.83 $62,834.25
82 $62,834.25 $613.76 $0.00 $355.27 $63,803.28
83 $63,803.28 $613.76 $0.00 $360.75 $64,777.79
84 $64,777.79 $613.76 $0.00 $366.26 $65,757.81
85 $65,757.81 $613.76 $0.00 $371.80 $66,743.37
86 $66,743.37 $613.76 $0.00 $377.38 $67,734.51
87 $67,734.51 $613.76 $0.00 $382.98 $68,731.25
88 $68,731.25 $613.76 $0.00 $388.62 $69,733.63
89 $69,733.63 $613.76 $0.00 $394.28 $70,741.67
90 $70,741.67 $613.76 $0.00 $399.98 $71,755.41
91 $71,755.41 $613.76 $0.00 $405.72 $72,774.89
92 $72,774.89 $613.76 $0.00 $411.48 $73,800.13
93 $73,800.13 $613.76 $0.00 $417.28 $74,831.17
94 $74,831.17 $613.76 $0.00 $423.11 $75,868.04
95 $75,868.04 $613.76 $0.00 $428.97 $76,910.77
96 $76,910.77 $613.76 $0.00 $434.86 $77,959.39
97 $77,959.39 $613.76 $0.00 $440.79 $79,013.94
98 $79,013.94 $613.76 $0.00 $446.76 $80,074.46
99 $80,074.46 $613.76 $0.00 $452.75 $81,140.97
100 $81,140.97 $613.76 $0.00 $458.78 $82,213.51
101 $82,213.51 $613.76 $0.00 $464.85 $83,292.12
102 $83,292.12 $613.76 $0.00 $470.95 $84,376.83
103 $84,376.83 $613.76 $0.00 $477.08 $85,467.67
104 $85,467.67 $613.76 $0.00 $483.25 $86,564.68
105 $86,564.68 $613.76 $0.00 $489.45 $87,667.89
106 $87,667.89 $613.76 $0.00 $495.69 $88,777.34
107 $88,777.34 $613.76 $0.00 $501.96 $89,893.06
108 $89,893.06 $613.76 $0.00 $508.27 $91,015.09
109 $91,015.09 $613.76 $0.00 $514.61 $92,143.46
110 $92,143.46 $613.76 $0.00 $520.99 $93,278.21
111 $93,278.21 $613.76 $0.00 $527.41 $94,419.38
112 $94,419.38 $613.76 $0.00 $533.86 $95,567.00
113 $95,567.00 $613.76 $0.00 $540.35 $96,721.11
114 $96,721.11 $613.76 $0.00 $546.88 $97,881.75
115 $97,881.75 $613.76 $0.00 $553.44 $99,048.95
116 $99,048.95 $613.76 $0.00 $560.04 $100,222.75
117 $100,222.75 $613.76 $0.00 $566.67 $101,403.18
118 $101,403.18 $613.76 $0.00 $573.35 $102,590.29
119 $102,590.29 $613.76 $0.00 $580.06 $103,784.11
120 $103,784.11 $613.76 $0.00 $586.81 $104,984.68
121 $104,984.68 $613.76 $0.00 $593.60 $106,192.04
122 $106,192.04 $613.76 $0.00 $600.43 $107,406.23
123 $107,406.23 $613.76 $0.00 $607.29 $108,627.28
124 $108,627.28 $613.76 $0.00 $614.19 $109,855.23
125 $109,855.23 $613.76 $0.00 $621.14 $111,090.13
126 $111,090.13 $613.76 $0.00 $628.12 $112,332.01
127 $112,332.01 $613.76 $0.00 $635.14 $113,580.91
128 $113,580.91 $613.76 $0.00 $642.20 $114,836.87
129 $114,836.87 $613.76 $0.00 $649.30 $116,099.93
130 $116,099.93 $613.76 $0.00 $656.45 $117,370.14
131 $117,370.14 $613.76 $0.00 $663.63 $118,647.53
132 $118,647.53 $613.76 $0.00 $670.85 $119,932.14
133 $119,932.14 $613.76 $0.00 $678.11 $121,224.01
134 $121,224.01 $613.76 $0.00 $685.42 $122,523.19
135 $122,523.19 $613.76 $0.00 $692.76 $123,829.71
136 $123,829.71 $613.76 $0.00 $700.15 $125,143.62
137 $125,143.62 $613.76 $0.00 $707.58 $126,464.96
138 $126,464.96 $613.76 $0.00 $715.05 $127,793.77
139 $127,793.77 $613.76 $0.00 $722.56 $129,130.09
140 $129,130.09 $613.76 $0.00 $730.12 $130,473.97
141 $130,473.97 $613.76 $0.00 $737.72 $131,825.45
142 $131,825.45 $613.76 $0.00 $745.36 $133,184.57
143 $133,184.57 $613.76 $0.00 $753.04 $134,551.37
144 $134,551.37 $613.76 $0.00 $760.77 $135,925.90
145 $135,925.90 $613.76 $0.00 $768.54 $137,308.20
146 $137,308.20 $613.76 $0.00 $776.36 $138,698.32
147 $138,698.32 $613.76 $0.00 $784.22 $140,096.30
148 $140,096.30 $613.76 $0.00 $792.12 $141,502.18
149 $141,502.18 $613.76 $0.00 $800.07 $142,916.01
150 $142,916.01 $613.76 $0.00 $808.07 $144,337.84
151 $144,337.84 $613.76 $0.00 $816.11 $145,767.71
152 $145,767.71 $613.76 $0.00 $824.19 $147,205.66
153 $147,205.66 $613.76 $0.00 $832.32 $148,651.74
154 $148,651.74 $613.76 $0.00 $840.50 $150,106.00
155 $150,106.00 $613.76 $0.00 $848.72 $151,568.48
156 $151,568.48 $613.76 $0.00 $856.99 $153,039.23
157 $153,039.23 $613.76 $0.00 $865.31 $154,518.30
158 $154,518.30 $613.76 $0.00 $873.67 $156,005.73
159 $156,005.73 $613.76 $0.00 $882.08 $157,501.57
160 $157,501.57 $613.76 $0.00 $890.54 $159,005.87
161 $159,005.87 $613.76 $0.00 $899.04 $160,518.67
162 $160,518.67 $613.76 $0.00 $907.60 $162,040.03
163 $162,040.03 $613.76 $0.00 $916.20 $163,569.99
164 $163,569.99 $613.76 $0.00 $924.85 $165,108.60
165 $165,108.60 $613.76 $0.00 $933.55 $166,655.91
166 $166,655.91 $613.76 $0.00 $942.30 $168,211.97
167 $168,211.97 $613.76 $0.00 $951.09 $169,776.82
168 $169,776.82 $613.76 $0.00 $959.94 $171,350.52
169 $171,350.52 $613.76 $0.00 $968.84 $172,933.12
170 $172,933.12 $613.76 $0.00 $977.79 $174,524.67
171 $174,524.67 $613.76 $0.00 $986.79 $176,125.22
172 $176,125.22 $613.76 $0.00 $995.84 $177,734.82
173 $177,734.82 $613.76 $0.00 $1,004.94 $179,353.52
174 $179,353.52 $613.76 $0.00 $1,014.09 $180,981.37
175 $180,981.37 $613.76 $0.00 $1,023.29 $182,618.42
176 $182,618.42 $613.76 $0.00 $1,032.55 $184,264.73
177 $184,264.73 $613.76 $0.00 $1,041.86 $185,920.35
178 $185,920.35 $613.76 $0.00 $1,051.22 $187,585.33
179 $187,585.33 $613.76 $0.00 $1,060.63 $189,259.72
180 $189,259.72 $613.76 $0.00 $1,070.10 $190,943.58
181 $190,943.58 $613.76 $0.00 $1,079.62 $192,636.96
182 $192,636.96 $613.76 $0.00 $1,089.20 $194,339.92
183 $194,339.92 $613.76 $0.00 $1,098.83 $196,052.51
184 $196,052.51 $613.76 $0.00 $1,108.51 $197,774.78
185 $197,774.78 $613.76 $0.00 $1,118.25 $199,506.79
186 $199,506.79 $613.76 $0.00 $1,128.04 $201,248.59
187 $201,248.59 $613.76 $0.00 $1,137.89 $203,000.24
188 $203,000.24 $613.76 $0.00 $1,147.79 $204,761.79
189 $204,761.79 $613.76 $0.00 $1,157.75 $206,533.30
190 $206,533.30 $613.76 $0.00 $1,167.77 $208,314.83
191 $208,314.83 $613.76 $0.00 $1,177.84 $210,106.43
192 $210,106.43 $613.76 $0.00 $1,187.97 $211,908.16
193 $211,908.16 $613.76 $0.00 $1,198.16 $213,720.08
194 $213,720.08 $613.76 $0.00 $1,208.40 $215,542.24
195 $215,542.24 $613.76 $0.00 $1,218.71 $217,374.71
196 $217,374.71 $613.76 $0.00 $1,229.07 $219,217.54
197 $219,217.54 $613.76 $0.00 $1,239.49 $221,070.79
198 $221,070.79 $613.76 $0.00 $1,249.97 $222,934.52
199 $222,934.52 $613.76 $0.00 $1,260.50 $224,808.78
200 $224,808.78 $613.76 $0.00 $1,271.10 $226,693.64
201 $226,693.64 $613.76 $0.00 $1,281.76 $228,589.16
202 $228,589.16 $613.76 $0.00 $1,292.48 $230,495.40
203 $230,495.40 $613.76 $0.00 $1,303.25 $232,412.41
204 $232,412.41 $613.76 $0.00 $1,314.09 $234,340.26
205 $234,340.26 $613.76 $0.00 $1,324.99 $236,279.01
206 $236,279.01 $613.76 $0.00 $1,335.96 $238,228.73
207 $238,228.73 $613.76 $0.00 $1,346.98 $240,189.47
208 $240,189.47 $613.76 $0.00 $1,358.07 $242,161.30
209 $242,161.30 $613.76 $0.00 $1,369.22 $244,144.28
210 $244,144.28 $613.76 $0.00 $1,380.43 $246,138.47
211 $246,138.47 $613.76 $0.00 $1,391.70 $248,143.93
212 $248,143.93 $613.76 $0.00 $1,403.04 $250,160.73
213 $250,160.73 $613.76 $0.00 $1,414.45 $252,188.94
214 $252,188.94 $613.76 $0.00 $1,425.91 $254,228.61
215 $254,228.61 $613.76 $0.00 $1,437.45 $256,279.82
216 $256,279.82 $613.76 $0.00 $1,449.04 $258,342.62
217 $258,342.62 $613.76 $71,957.92 $1,460.71 $188,459.17
218 $188,459.17 $613.76 $0.00 $1,065.58 $190,138.51
219 $190,138.51 $613.76 $0.00 $1,075.07 $191,827.34
220 $191,827.34 $613.76 $0.00 $1,084.62 $193,525.72
221 $193,525.72 $613.76 $0.00 $1,094.22 $195,233.70
222 $195,233.70 $613.76 $0.00 $1,103.88 $196,951.34
223 $196,951.34 $613.76 $0.00 $1,113.59 $198,678.69
224 $198,678.69 $613.76 $0.00 $1,123.36 $200,415.81
225 $200,415.81 $613.76 $0.00 $1,133.18 $202,162.75
226 $202,162.75 $613.76 $0.00 $1,143.06 $203,919.57
227 $203,919.57 $613.76 $0.00 $1,152.99 $205,686.32
228 $205,686.32 $613.76 $0.00 $1,162.98 $207,463.06
229 $207,463.06 $613.76 $75,555.81 $1,173.03 $133,694.04
230 $133,694.04 $613.76 $0.00 $755.93 $135,063.73
231 $135,063.73 $613.76 $0.00 $763.67 $136,441.16
232 $136,441.16 $613.76 $0.00 $771.46 $137,826.38
233 $137,826.38 $613.76 $0.00 $779.29 $139,219.43
234 $139,219.43 $613.76 $0.00 $787.17 $140,620.36
235 $140,620.36 $613.76 $0.00 $795.09 $142,029.21
236 $142,029.21 $613.76 $0.00 $803.05 $143,446.02
237 $143,446.02 $613.76 $0.00 $811.06 $144,870.84
238 $144,870.84 $613.76 $0.00 $819.12 $146,303.72
239 $146,303.72 $613.76 $0.00 $827.22 $147,744.70
240 $147,744.70 $613.76 $0.00 $835.37 $149,193.83
241 $149,193.83 $613.76 $79,333.60 $843.56 $71,317.55
242 $71,317.55 $613.76 $0.00 $403.24 $72,334.55
243 $72,334.55 $613.76 $0.00 $408.99 $73,357.30
244 $73,357.30 $613.76 $0.00 $414.77 $74,385.83
245 $74,385.83 $613.76 $0.00 $420.59 $75,420.18
246 $75,420.18 $613.76 $0.00 $426.44 $76,460.38
247 $76,460.38 $613.76 $0.00 $432.32 $77,506.46
248 $77,506.46 $613.76 $0.00 $438.23 $78,558.45
249 $78,558.45 $613.76 $0.00 $444.18 $79,616.39
250 $79,616.39 $613.76 $0.00 $450.16 $80,680.31
251 $80,680.31 $613.76 $0.00 $456.18 $81,750.25
252 $81,750.25 $613.76 $0.00 $462.23 $82,826.24
253 $82,826.24 $0.00 $83,300.28 $468.31 ($5.73)