Savings Plan and Future Cost Estimation for Indiana University Bloomington

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$67,908
Monthly savings required$538

How much will it cost to send your child to Indiana University Bloomington in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $271,633.29 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $537.55 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$26,187.00
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 $537.55 $0.00 $0.00 $537.55
2 $537.55 $537.55 $0.00 $3.04 $1,078.14
3 $1,078.14 $537.55 $0.00 $6.10 $1,621.79
4 $1,621.79 $537.55 $0.00 $9.17 $2,168.51
5 $2,168.51 $537.55 $0.00 $12.26 $2,718.32
6 $2,718.32 $537.55 $0.00 $15.37 $3,271.24
7 $3,271.24 $537.55 $0.00 $18.50 $3,827.29
8 $3,827.29 $537.55 $0.00 $21.64 $4,386.48
9 $4,386.48 $537.55 $0.00 $24.80 $4,948.83
10 $4,948.83 $537.55 $0.00 $27.98 $5,514.36
11 $5,514.36 $537.55 $0.00 $31.18 $6,083.09
12 $6,083.09 $537.55 $0.00 $34.39 $6,655.03
13 $6,655.03 $537.55 $0.00 $37.63 $7,230.21
14 $7,230.21 $537.55 $0.00 $40.88 $7,808.64
15 $7,808.64 $537.55 $0.00 $44.15 $8,390.34
16 $8,390.34 $537.55 $0.00 $47.44 $8,975.33
17 $8,975.33 $537.55 $0.00 $50.75 $9,563.63
18 $9,563.63 $537.55 $0.00 $54.07 $10,155.25
19 $10,155.25 $537.55 $0.00 $57.42 $10,750.22
20 $10,750.22 $537.55 $0.00 $60.78 $11,348.55
21 $11,348.55 $537.55 $0.00 $64.17 $11,950.27
22 $11,950.27 $537.55 $0.00 $67.57 $12,555.39
23 $12,555.39 $537.55 $0.00 $70.99 $13,163.93
24 $13,163.93 $537.55 $0.00 $74.43 $13,775.91
25 $13,775.91 $537.55 $0.00 $77.89 $14,391.35
26 $14,391.35 $537.55 $0.00 $81.37 $15,010.27
27 $15,010.27 $537.55 $0.00 $84.87 $15,632.69
28 $15,632.69 $537.55 $0.00 $88.39 $16,258.63
29 $16,258.63 $537.55 $0.00 $91.93 $16,888.11
30 $16,888.11 $537.55 $0.00 $95.49 $17,521.15
31 $17,521.15 $537.55 $0.00 $99.07 $18,157.77
32 $18,157.77 $537.55 $0.00 $102.67 $18,797.99
33 $18,797.99 $537.55 $0.00 $106.29 $19,441.83
34 $19,441.83 $537.55 $0.00 $109.93 $20,089.31
35 $20,089.31 $537.55 $0.00 $113.59 $20,740.45
36 $20,740.45 $537.55 $0.00 $117.27 $21,395.27
37 $21,395.27 $537.55 $0.00 $120.97 $22,053.79
38 $22,053.79 $537.55 $0.00 $124.70 $22,716.04
39 $22,716.04 $537.55 $0.00 $128.44 $23,382.03
40 $23,382.03 $537.55 $0.00 $132.21 $24,051.79
41 $24,051.79 $537.55 $0.00 $135.99 $24,725.33
42 $24,725.33 $537.55 $0.00 $139.80 $25,402.68
43 $25,402.68 $537.55 $0.00 $143.63 $26,083.86
44 $26,083.86 $537.55 $0.00 $147.48 $26,768.89
45 $26,768.89 $537.55 $0.00 $151.36 $27,457.80
46 $27,457.80 $537.55 $0.00 $155.25 $28,150.60
47 $28,150.60 $537.55 $0.00 $159.17 $28,847.32
48 $28,847.32 $537.55 $0.00 $163.11 $29,547.98
49 $29,547.98 $537.55 $0.00 $167.07 $30,252.60
50 $30,252.60 $537.55 $0.00 $171.05 $30,961.20
51 $30,961.20 $537.55 $0.00 $175.06 $31,673.81
52 $31,673.81 $537.55 $0.00 $179.09 $32,390.45
53 $32,390.45 $537.55 $0.00 $183.14 $33,111.14
54 $33,111.14 $537.55 $0.00 $187.22 $33,835.91
55 $33,835.91 $537.55 $0.00 $191.31 $34,564.77
56 $34,564.77 $537.55 $0.00 $195.43 $35,297.75
57 $35,297.75 $537.55 $0.00 $199.58 $36,034.88
58 $36,034.88 $537.55 $0.00 $203.75 $36,776.18
59 $36,776.18 $537.55 $0.00 $207.94 $37,521.67
60 $37,521.67 $537.55 $0.00 $212.15 $38,271.37
61 $38,271.37 $537.55 $0.00 $216.39 $39,025.31
62 $39,025.31 $537.55 $0.00 $220.65 $39,783.51
63 $39,783.51 $537.55 $0.00 $224.94 $40,546.00
64 $40,546.00 $537.55 $0.00 $229.25 $41,312.80
65 $41,312.80 $537.55 $0.00 $233.59 $42,083.94
66 $42,083.94 $537.55 $0.00 $237.95 $42,859.44
67 $42,859.44 $537.55 $0.00 $242.33 $43,639.32
68 $43,639.32 $537.55 $0.00 $246.74 $44,423.61
69 $44,423.61 $537.55 $0.00 $251.18 $45,212.34
70 $45,212.34 $537.55 $0.00 $255.64 $46,005.53
71 $46,005.53 $537.55 $0.00 $260.12 $46,803.20
72 $46,803.20 $537.55 $0.00 $264.63 $47,605.38
73 $47,605.38 $537.55 $0.00 $269.17 $48,412.10
74 $48,412.10 $537.55 $0.00 $273.73 $49,223.38
75 $49,223.38 $537.55 $0.00 $278.32 $50,039.25
76 $50,039.25 $537.55 $0.00 $282.93 $50,859.73
77 $50,859.73 $537.55 $0.00 $287.57 $51,684.85
78 $51,684.85 $537.55 $0.00 $292.23 $52,514.63
79 $52,514.63 $537.55 $0.00 $296.93 $53,349.11
80 $53,349.11 $537.55 $0.00 $301.64 $54,188.30
81 $54,188.30 $537.55 $0.00 $306.39 $55,032.24
82 $55,032.24 $537.55 $0.00 $311.16 $55,880.95
83 $55,880.95 $537.55 $0.00 $315.96 $56,734.46
84 $56,734.46 $537.55 $0.00 $320.78 $57,592.79
85 $57,592.79 $537.55 $0.00 $325.64 $58,455.98
86 $58,455.98 $537.55 $0.00 $330.52 $59,324.05
87 $59,324.05 $537.55 $0.00 $335.43 $60,197.03
88 $60,197.03 $537.55 $0.00 $340.36 $61,074.94
89 $61,074.94 $537.55 $0.00 $345.33 $61,957.82
90 $61,957.82 $537.55 $0.00 $350.32 $62,845.69
91 $62,845.69 $537.55 $0.00 $355.34 $63,738.58
92 $63,738.58 $537.55 $0.00 $360.39 $64,636.52
93 $64,636.52 $537.55 $0.00 $365.46 $65,539.53
94 $65,539.53 $537.55 $0.00 $370.57 $66,447.65
95 $66,447.65 $537.55 $0.00 $375.70 $67,360.90
96 $67,360.90 $537.55 $0.00 $380.87 $68,279.32
97 $68,279.32 $537.55 $0.00 $386.06 $69,202.93
98 $69,202.93 $537.55 $0.00 $391.28 $70,131.76
99 $70,131.76 $537.55 $0.00 $396.54 $71,065.85
100 $71,065.85 $537.55 $0.00 $401.82 $72,005.22
101 $72,005.22 $537.55 $0.00 $407.13 $72,949.90
102 $72,949.90 $537.55 $0.00 $412.47 $73,899.92
103 $73,899.92 $537.55 $0.00 $417.84 $74,855.31
104 $74,855.31 $537.55 $0.00 $423.24 $75,816.10
105 $75,816.10 $537.55 $0.00 $428.68 $76,782.33
106 $76,782.33 $537.55 $0.00 $434.14 $77,754.02
107 $77,754.02 $537.55 $0.00 $439.63 $78,731.20
108 $78,731.20 $537.55 $0.00 $445.16 $79,713.91
109 $79,713.91 $537.55 $0.00 $450.71 $80,702.17
110 $80,702.17 $537.55 $0.00 $456.30 $81,696.02
111 $81,696.02 $537.55 $0.00 $461.92 $82,695.49
112 $82,695.49 $537.55 $0.00 $467.57 $83,700.61
113 $83,700.61 $537.55 $0.00 $473.26 $84,711.42
114 $84,711.42 $537.55 $0.00 $478.97 $85,727.94
115 $85,727.94 $537.55 $0.00 $484.72 $86,750.21
116 $86,750.21 $537.55 $0.00 $490.50 $87,778.26
117 $87,778.26 $537.55 $0.00 $496.31 $88,812.12
118 $88,812.12 $537.55 $0.00 $502.16 $89,851.83
119 $89,851.83 $537.55 $0.00 $508.04 $90,897.42
120 $90,897.42 $537.55 $0.00 $513.95 $91,948.92
121 $91,948.92 $537.55 $0.00 $519.89 $93,006.36
122 $93,006.36 $537.55 $0.00 $525.87 $94,069.78
123 $94,069.78 $537.55 $0.00 $531.88 $95,139.21
124 $95,139.21 $537.55 $0.00 $537.93 $96,214.69
125 $96,214.69 $537.55 $0.00 $544.01 $97,296.25
126 $97,296.25 $537.55 $0.00 $550.13 $98,383.93
127 $98,383.93 $537.55 $0.00 $556.28 $99,477.76
128 $99,477.76 $537.55 $0.00 $562.46 $100,577.77
129 $100,577.77 $537.55 $0.00 $568.68 $101,684.00
130 $101,684.00 $537.55 $0.00 $574.94 $102,796.49
131 $102,796.49 $537.55 $0.00 $581.23 $103,915.27
132 $103,915.27 $537.55 $0.00 $587.55 $105,040.37
133 $105,040.37 $537.55 $0.00 $593.91 $106,171.83
134 $106,171.83 $537.55 $0.00 $600.31 $107,309.69
135 $107,309.69 $537.55 $0.00 $606.74 $108,453.98
136 $108,453.98 $537.55 $0.00 $613.21 $109,604.74
137 $109,604.74 $537.55 $0.00 $619.72 $110,762.01
138 $110,762.01 $537.55 $0.00 $626.26 $111,925.82
139 $111,925.82 $537.55 $0.00 $632.84 $113,096.21
140 $113,096.21 $537.55 $0.00 $639.46 $114,273.22
141 $114,273.22 $537.55 $0.00 $646.12 $115,456.89
142 $115,456.89 $537.55 $0.00 $652.81 $116,647.25
143 $116,647.25 $537.55 $0.00 $659.54 $117,844.34
144 $117,844.34 $537.55 $0.00 $666.31 $119,048.20
145 $119,048.20 $537.55 $0.00 $673.12 $120,258.87
146 $120,258.87 $537.55 $0.00 $679.96 $121,476.38
147 $121,476.38 $537.55 $0.00 $686.85 $122,700.78
148 $122,700.78 $537.55 $0.00 $693.77 $123,932.10
149 $123,932.10 $537.55 $0.00 $700.73 $125,170.38
150 $125,170.38 $537.55 $0.00 $707.73 $126,415.66
151 $126,415.66 $537.55 $0.00 $714.77 $127,667.98
152 $127,667.98 $537.55 $0.00 $721.85 $128,927.38
153 $128,927.38 $537.55 $0.00 $728.97 $130,193.90
154 $130,193.90 $537.55 $0.00 $736.14 $131,467.59
155 $131,467.59 $537.55 $0.00 $743.34 $132,748.48
156 $132,748.48 $537.55 $0.00 $750.58 $134,036.61
157 $134,036.61 $537.55 $0.00 $757.86 $135,332.02
158 $135,332.02 $537.55 $0.00 $765.19 $136,634.76
159 $136,634.76 $537.55 $0.00 $772.55 $137,944.86
160 $137,944.86 $537.55 $0.00 $779.96 $139,262.37
161 $139,262.37 $537.55 $0.00 $787.41 $140,587.33
162 $140,587.33 $537.55 $0.00 $794.90 $141,919.78
163 $141,919.78 $537.55 $0.00 $802.44 $143,259.77
164 $143,259.77 $537.55 $0.00 $810.01 $144,607.33
165 $144,607.33 $537.55 $0.00 $817.63 $145,962.51
166 $145,962.51 $537.55 $0.00 $825.29 $147,325.35
167 $147,325.35 $537.55 $0.00 $833.00 $148,695.90
168 $148,695.90 $537.55 $0.00 $840.75 $150,074.20
169 $150,074.20 $537.55 $0.00 $848.54 $151,460.29
170 $151,460.29 $537.55 $0.00 $856.38 $152,854.22
171 $152,854.22 $537.55 $0.00 $864.26 $154,256.03
172 $154,256.03 $537.55 $0.00 $872.19 $155,665.77
173 $155,665.77 $537.55 $0.00 $880.16 $157,083.48
174 $157,083.48 $537.55 $0.00 $888.17 $158,509.20
175 $158,509.20 $537.55 $0.00 $896.23 $159,942.98
176 $159,942.98 $537.55 $0.00 $904.34 $161,384.87
177 $161,384.87 $537.55 $0.00 $912.49 $162,834.91
178 $162,834.91 $537.55 $0.00 $920.69 $164,293.15
179 $164,293.15 $537.55 $0.00 $928.94 $165,759.64
180 $165,759.64 $537.55 $0.00 $937.23 $167,234.42
181 $167,234.42 $537.55 $0.00 $945.57 $168,717.54
182 $168,717.54 $537.55 $0.00 $953.95 $170,209.04
183 $170,209.04 $537.55 $0.00 $962.39 $171,708.98
184 $171,708.98 $537.55 $0.00 $970.87 $173,217.40
185 $173,217.40 $537.55 $0.00 $979.40 $174,734.35
186 $174,734.35 $537.55 $0.00 $987.97 $176,259.87
187 $176,259.87 $537.55 $0.00 $996.60 $177,794.02
188 $177,794.02 $537.55 $0.00 $1,005.27 $179,336.84
189 $179,336.84 $537.55 $0.00 $1,014.00 $180,888.39
190 $180,888.39 $537.55 $0.00 $1,022.77 $182,448.71
191 $182,448.71 $537.55 $0.00 $1,031.59 $184,017.85
192 $184,017.85 $537.55 $0.00 $1,040.46 $185,595.86
193 $185,595.86 $537.55 $0.00 $1,049.39 $187,182.80
194 $187,182.80 $537.55 $0.00 $1,058.36 $188,778.71
195 $188,778.71 $537.55 $0.00 $1,067.38 $190,383.64
196 $190,383.64 $537.55 $0.00 $1,076.46 $191,997.65
197 $191,997.65 $537.55 $0.00 $1,085.58 $193,620.78
198 $193,620.78 $537.55 $0.00 $1,094.76 $195,253.09
199 $195,253.09 $537.55 $0.00 $1,103.99 $196,894.63
200 $196,894.63 $537.55 $0.00 $1,113.27 $198,545.45
201 $198,545.45 $537.55 $0.00 $1,122.60 $200,205.60
202 $200,205.60 $537.55 $0.00 $1,131.99 $201,875.14
203 $201,875.14 $537.55 $0.00 $1,141.43 $203,554.12
204 $203,554.12 $537.55 $0.00 $1,150.92 $205,242.59
205 $205,242.59 $537.55 $0.00 $1,160.47 $206,940.61
206 $206,940.61 $537.55 $0.00 $1,170.07 $208,648.23
207 $208,648.23 $537.55 $0.00 $1,179.73 $210,365.51
208 $210,365.51 $537.55 $0.00 $1,189.44 $212,092.50
209 $212,092.50 $537.55 $0.00 $1,199.20 $213,829.25
210 $213,829.25 $537.55 $0.00 $1,209.02 $215,575.82
211 $215,575.82 $537.55 $0.00 $1,218.90 $217,332.27
212 $217,332.27 $537.55 $0.00 $1,228.83 $219,098.65
213 $219,098.65 $537.55 $0.00 $1,238.82 $220,875.02
214 $220,875.02 $537.55 $0.00 $1,248.86 $222,661.43
215 $222,661.43 $537.55 $0.00 $1,258.96 $224,457.94
216 $224,457.94 $537.55 $0.00 $1,269.12 $226,264.61
217 $226,264.61 $537.55 $63,022.14 $1,279.33 $165,059.35
218 $165,059.35 $537.55 $0.00 $933.27 $166,530.17
219 $166,530.17 $537.55 $0.00 $941.59 $168,009.31
220 $168,009.31 $537.55 $0.00 $949.95 $169,496.81
221 $169,496.81 $537.55 $0.00 $958.36 $170,992.72
222 $170,992.72 $537.55 $0.00 $966.82 $172,497.09
223 $172,497.09 $537.55 $0.00 $975.32 $174,009.96
224 $174,009.96 $537.55 $0.00 $983.88 $175,531.39
225 $175,531.39 $537.55 $0.00 $992.48 $177,061.42
226 $177,061.42 $537.55 $0.00 $1,001.13 $178,600.10
227 $178,600.10 $537.55 $0.00 $1,009.83 $180,147.48
228 $180,147.48 $537.55 $0.00 $1,018.58 $181,703.61
229 $181,703.61 $537.55 $66,173.24 $1,027.38 $117,095.30
230 $117,095.30 $537.55 $0.00 $662.07 $118,294.92
231 $118,294.92 $537.55 $0.00 $668.86 $119,501.33
232 $119,501.33 $537.55 $0.00 $675.68 $120,714.56
233 $120,714.56 $537.55 $0.00 $682.54 $121,934.65
234 $121,934.65 $537.55 $0.00 $689.44 $123,161.64
235 $123,161.64 $537.55 $0.00 $696.37 $124,395.56
236 $124,395.56 $537.55 $0.00 $703.35 $125,636.46
237 $125,636.46 $537.55 $0.00 $710.37 $126,884.38
238 $126,884.38 $537.55 $0.00 $717.42 $128,139.35
239 $128,139.35 $537.55 $0.00 $724.52 $129,401.42
240 $129,401.42 $537.55 $0.00 $731.65 $130,670.62
241 $130,670.62 $537.55 $69,481.91 $738.83 $62,465.09
242 $62,465.09 $537.55 $0.00 $353.19 $63,355.83
243 $63,355.83 $537.55 $0.00 $358.22 $64,251.60
244 $64,251.60 $537.55 $0.00 $363.29 $65,152.44
245 $65,152.44 $537.55 $0.00 $368.38 $66,058.37
246 $66,058.37 $537.55 $0.00 $373.50 $66,969.42
247 $66,969.42 $537.55 $0.00 $378.65 $67,885.62
248 $67,885.62 $537.55 $0.00 $383.84 $68,807.01
249 $68,807.01 $537.55 $0.00 $389.04 $69,733.60
250 $69,733.60 $537.55 $0.00 $394.28 $70,665.43
251 $70,665.43 $537.55 $0.00 $399.55 $71,602.53
252 $71,602.53 $537.55 $0.00 $404.85 $72,544.93
253 $72,544.93 $0.00 $72,956.00 $410.18 ($0.89)