Savings Plan and Future Cost Estimation for Indiana University Purdue University Indianapolis

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$61,376
Monthly savings required$486

How much will it cost to send your child to Indiana University Purdue University Indianapolis in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $245,504.13 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $485.85 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$23,668.00
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 $485.85 $0.00 $0.00 $485.85
2 $485.85 $485.85 $0.00 $2.75 $974.45
3 $974.45 $485.85 $0.00 $5.51 $1,465.81
4 $1,465.81 $485.85 $0.00 $8.29 $1,959.95
5 $1,959.95 $485.85 $0.00 $11.08 $2,456.88
6 $2,456.88 $485.85 $0.00 $13.89 $2,956.62
7 $2,956.62 $485.85 $0.00 $16.72 $3,459.19
8 $3,459.19 $485.85 $0.00 $19.56 $3,964.60
9 $3,964.60 $485.85 $0.00 $22.42 $4,472.87
10 $4,472.87 $485.85 $0.00 $25.29 $4,984.01
11 $4,984.01 $485.85 $0.00 $28.18 $5,498.04
12 $5,498.04 $485.85 $0.00 $31.09 $6,014.98
13 $6,014.98 $485.85 $0.00 $34.01 $6,534.84
14 $6,534.84 $485.85 $0.00 $36.95 $7,057.64
15 $7,057.64 $485.85 $0.00 $39.90 $7,583.39
16 $7,583.39 $485.85 $0.00 $42.88 $8,112.12
17 $8,112.12 $485.85 $0.00 $45.87 $8,643.84
18 $8,643.84 $485.85 $0.00 $48.87 $9,178.56
19 $9,178.56 $485.85 $0.00 $51.90 $9,716.31
20 $9,716.31 $485.85 $0.00 $54.94 $10,257.10
21 $10,257.10 $485.85 $0.00 $58.00 $10,800.95
22 $10,800.95 $485.85 $0.00 $61.07 $11,347.87
23 $11,347.87 $485.85 $0.00 $64.16 $11,897.88
24 $11,897.88 $485.85 $0.00 $67.27 $12,451.00
25 $12,451.00 $485.85 $0.00 $70.40 $13,007.25
26 $13,007.25 $485.85 $0.00 $73.54 $13,566.64
27 $13,566.64 $485.85 $0.00 $76.71 $14,129.20
28 $14,129.20 $485.85 $0.00 $79.89 $14,694.94
29 $14,694.94 $485.85 $0.00 $83.09 $15,263.88
30 $15,263.88 $485.85 $0.00 $86.30 $15,836.03
31 $15,836.03 $485.85 $0.00 $89.54 $16,411.42
32 $16,411.42 $485.85 $0.00 $92.79 $16,990.06
33 $16,990.06 $485.85 $0.00 $96.06 $17,571.97
34 $17,571.97 $485.85 $0.00 $99.35 $18,157.17
35 $18,157.17 $485.85 $0.00 $102.66 $18,745.68
36 $18,745.68 $485.85 $0.00 $105.99 $19,337.52
37 $19,337.52 $485.85 $0.00 $109.34 $19,932.71
38 $19,932.71 $485.85 $0.00 $112.70 $20,531.26
39 $20,531.26 $485.85 $0.00 $116.09 $21,133.20
40 $21,133.20 $485.85 $0.00 $119.49 $21,738.54
41 $21,738.54 $485.85 $0.00 $122.91 $22,347.30
42 $22,347.30 $485.85 $0.00 $126.35 $22,959.50
43 $22,959.50 $485.85 $0.00 $129.82 $23,575.17
44 $23,575.17 $485.85 $0.00 $133.30 $24,194.32
45 $24,194.32 $485.85 $0.00 $136.80 $24,816.97
46 $24,816.97 $485.85 $0.00 $140.32 $25,443.14
47 $25,443.14 $485.85 $0.00 $143.86 $26,072.85
48 $26,072.85 $485.85 $0.00 $147.42 $26,706.12
49 $26,706.12 $485.85 $0.00 $151.00 $27,342.97
50 $27,342.97 $485.85 $0.00 $154.60 $27,983.42
51 $27,983.42 $485.85 $0.00 $158.22 $28,627.49
52 $28,627.49 $485.85 $0.00 $161.86 $29,275.20
53 $29,275.20 $485.85 $0.00 $165.53 $29,926.58
54 $29,926.58 $485.85 $0.00 $169.21 $30,581.64
55 $30,581.64 $485.85 $0.00 $172.91 $31,240.40
56 $31,240.40 $485.85 $0.00 $176.64 $31,902.89
57 $31,902.89 $485.85 $0.00 $180.38 $32,569.12
58 $32,569.12 $485.85 $0.00 $184.15 $33,239.12
59 $33,239.12 $485.85 $0.00 $187.94 $33,912.91
60 $33,912.91 $485.85 $0.00 $191.75 $34,590.51
61 $34,590.51 $485.85 $0.00 $195.58 $35,271.94
62 $35,271.94 $485.85 $0.00 $199.43 $35,957.22
63 $35,957.22 $485.85 $0.00 $203.31 $36,646.38
64 $36,646.38 $485.85 $0.00 $207.20 $37,339.43
65 $37,339.43 $485.85 $0.00 $211.12 $38,036.40
66 $38,036.40 $485.85 $0.00 $215.06 $38,737.31
67 $38,737.31 $485.85 $0.00 $219.03 $39,442.19
68 $39,442.19 $485.85 $0.00 $223.01 $40,151.05
69 $40,151.05 $485.85 $0.00 $227.02 $40,863.92
70 $40,863.92 $485.85 $0.00 $231.05 $41,580.82
71 $41,580.82 $485.85 $0.00 $235.10 $42,301.77
72 $42,301.77 $485.85 $0.00 $239.18 $43,026.80
73 $43,026.80 $485.85 $0.00 $243.28 $43,755.93
74 $43,755.93 $485.85 $0.00 $247.40 $44,489.18
75 $44,489.18 $485.85 $0.00 $251.55 $45,226.58
76 $45,226.58 $485.85 $0.00 $255.72 $45,968.15
77 $45,968.15 $485.85 $0.00 $259.91 $46,713.91
78 $46,713.91 $485.85 $0.00 $264.13 $47,463.89
79 $47,463.89 $485.85 $0.00 $268.37 $48,218.11
80 $48,218.11 $485.85 $0.00 $272.63 $48,976.59
81 $48,976.59 $485.85 $0.00 $276.92 $49,739.36
82 $49,739.36 $485.85 $0.00 $281.23 $50,506.44
83 $50,506.44 $485.85 $0.00 $285.57 $51,277.86
84 $51,277.86 $485.85 $0.00 $289.93 $52,053.64
85 $52,053.64 $485.85 $0.00 $294.32 $52,833.81
86 $52,833.81 $485.85 $0.00 $298.73 $53,618.39
87 $53,618.39 $485.85 $0.00 $303.17 $54,407.41
88 $54,407.41 $485.85 $0.00 $307.63 $55,200.89
89 $55,200.89 $485.85 $0.00 $312.11 $55,998.85
90 $55,998.85 $485.85 $0.00 $316.63 $56,801.33
91 $56,801.33 $485.85 $0.00 $321.16 $57,608.34
92 $57,608.34 $485.85 $0.00 $325.73 $58,419.92
93 $58,419.92 $485.85 $0.00 $330.31 $59,236.08
94 $59,236.08 $485.85 $0.00 $334.93 $60,056.86
95 $60,056.86 $485.85 $0.00 $339.57 $60,882.28
96 $60,882.28 $485.85 $0.00 $344.24 $61,712.37
97 $61,712.37 $485.85 $0.00 $348.93 $62,547.15
98 $62,547.15 $485.85 $0.00 $353.65 $63,386.65
99 $63,386.65 $485.85 $0.00 $358.40 $64,230.90
100 $64,230.90 $485.85 $0.00 $363.17 $65,079.92
101 $65,079.92 $485.85 $0.00 $367.97 $65,933.74
102 $65,933.74 $485.85 $0.00 $372.80 $66,792.39
103 $66,792.39 $485.85 $0.00 $377.65 $67,655.89
104 $67,655.89 $485.85 $0.00 $382.54 $68,524.28
105 $68,524.28 $485.85 $0.00 $387.45 $69,397.58
106 $69,397.58 $485.85 $0.00 $392.38 $70,275.81
107 $70,275.81 $485.85 $0.00 $397.35 $71,159.01
108 $71,159.01 $485.85 $0.00 $402.34 $72,047.20
109 $72,047.20 $485.85 $0.00 $407.37 $72,940.42
110 $72,940.42 $485.85 $0.00 $412.42 $73,838.69
111 $73,838.69 $485.85 $0.00 $417.49 $74,742.03
112 $74,742.03 $485.85 $0.00 $422.60 $75,650.48
113 $75,650.48 $485.85 $0.00 $427.74 $76,564.07
114 $76,564.07 $485.85 $0.00 $432.90 $77,482.82
115 $77,482.82 $485.85 $0.00 $438.10 $78,406.77
116 $78,406.77 $485.85 $0.00 $443.32 $79,335.94
117 $79,335.94 $485.85 $0.00 $448.58 $80,270.37
118 $80,270.37 $485.85 $0.00 $453.86 $81,210.08
119 $81,210.08 $485.85 $0.00 $459.17 $82,155.10
120 $82,155.10 $485.85 $0.00 $464.52 $83,105.47
121 $83,105.47 $485.85 $0.00 $469.89 $84,061.21
122 $84,061.21 $485.85 $0.00 $475.29 $85,022.35
123 $85,022.35 $485.85 $0.00 $480.73 $85,988.93
124 $85,988.93 $485.85 $0.00 $486.19 $86,960.97
125 $86,960.97 $485.85 $0.00 $491.69 $87,938.51
126 $87,938.51 $485.85 $0.00 $497.22 $88,921.58
127 $88,921.58 $485.85 $0.00 $502.78 $89,910.21
128 $89,910.21 $485.85 $0.00 $508.37 $90,904.43
129 $90,904.43 $485.85 $0.00 $513.99 $91,904.27
130 $91,904.27 $485.85 $0.00 $519.64 $92,909.76
131 $92,909.76 $485.85 $0.00 $525.33 $93,920.94
132 $93,920.94 $485.85 $0.00 $531.04 $94,937.83
133 $94,937.83 $485.85 $0.00 $536.79 $95,960.47
134 $95,960.47 $485.85 $0.00 $542.57 $96,988.89
135 $96,988.89 $485.85 $0.00 $548.39 $98,023.13
136 $98,023.13 $485.85 $0.00 $554.24 $99,063.22
137 $99,063.22 $485.85 $0.00 $560.12 $100,109.19
138 $100,109.19 $485.85 $0.00 $566.03 $101,161.07
139 $101,161.07 $485.85 $0.00 $571.98 $102,218.90
140 $102,218.90 $485.85 $0.00 $577.96 $103,282.71
141 $103,282.71 $485.85 $0.00 $583.98 $104,352.54
142 $104,352.54 $485.85 $0.00 $590.02 $105,428.41
143 $105,428.41 $485.85 $0.00 $596.11 $106,510.37
144 $106,510.37 $485.85 $0.00 $602.23 $107,598.45
145 $107,598.45 $485.85 $0.00 $608.38 $108,692.68
146 $108,692.68 $485.85 $0.00 $614.56 $109,793.09
147 $109,793.09 $485.85 $0.00 $620.79 $110,899.73
148 $110,899.73 $485.85 $0.00 $627.04 $112,012.62
149 $112,012.62 $485.85 $0.00 $633.34 $113,131.81
150 $113,131.81 $485.85 $0.00 $639.66 $114,257.32
151 $114,257.32 $485.85 $0.00 $646.03 $115,389.20
152 $115,389.20 $485.85 $0.00 $652.43 $116,527.48
153 $116,527.48 $485.85 $0.00 $658.86 $117,672.19
154 $117,672.19 $485.85 $0.00 $665.34 $118,823.38
155 $118,823.38 $485.85 $0.00 $671.84 $119,981.07
156 $119,981.07 $485.85 $0.00 $678.39 $121,145.31
157 $121,145.31 $485.85 $0.00 $684.97 $122,316.13
158 $122,316.13 $485.85 $0.00 $691.59 $123,493.57
159 $123,493.57 $485.85 $0.00 $698.25 $124,677.67
160 $124,677.67 $485.85 $0.00 $704.95 $125,868.47
161 $125,868.47 $485.85 $0.00 $711.68 $127,066.00
162 $127,066.00 $485.85 $0.00 $718.45 $128,270.30
163 $128,270.30 $485.85 $0.00 $725.26 $129,481.41
164 $129,481.41 $485.85 $0.00 $732.11 $130,699.37
165 $130,699.37 $485.85 $0.00 $738.99 $131,924.21
166 $131,924.21 $485.85 $0.00 $745.92 $133,155.98
167 $133,155.98 $485.85 $0.00 $752.88 $134,394.71
168 $134,394.71 $485.85 $0.00 $759.89 $135,640.45
169 $135,640.45 $485.85 $0.00 $766.93 $136,893.23
170 $136,893.23 $485.85 $0.00 $774.01 $138,153.09
171 $138,153.09 $485.85 $0.00 $781.14 $139,420.08
172 $139,420.08 $485.85 $0.00 $788.30 $140,694.23
173 $140,694.23 $485.85 $0.00 $795.51 $141,975.59
174 $141,975.59 $485.85 $0.00 $802.75 $143,264.19
175 $143,264.19 $485.85 $0.00 $810.04 $144,560.08
176 $144,560.08 $485.85 $0.00 $817.36 $145,863.29
177 $145,863.29 $485.85 $0.00 $824.73 $147,173.87
178 $147,173.87 $485.85 $0.00 $832.14 $148,491.86
179 $148,491.86 $485.85 $0.00 $839.59 $149,817.30
180 $149,817.30 $485.85 $0.00 $847.09 $151,150.24
181 $151,150.24 $485.85 $0.00 $854.63 $152,490.72
182 $152,490.72 $485.85 $0.00 $862.20 $153,838.77
183 $153,838.77 $485.85 $0.00 $869.83 $155,194.45
184 $155,194.45 $485.85 $0.00 $877.49 $156,557.79
185 $156,557.79 $485.85 $0.00 $885.20 $157,928.84
186 $157,928.84 $485.85 $0.00 $892.95 $159,307.64
187 $159,307.64 $485.85 $0.00 $900.75 $160,694.24
188 $160,694.24 $485.85 $0.00 $908.59 $162,088.68
189 $162,088.68 $485.85 $0.00 $916.47 $163,491.00
190 $163,491.00 $485.85 $0.00 $924.40 $164,901.25
191 $164,901.25 $485.85 $0.00 $932.38 $166,319.48
192 $166,319.48 $485.85 $0.00 $940.39 $167,745.72
193 $167,745.72 $485.85 $0.00 $948.46 $169,180.03
194 $169,180.03 $485.85 $0.00 $956.57 $170,622.45
195 $170,622.45 $485.85 $0.00 $964.72 $172,073.02
196 $172,073.02 $485.85 $0.00 $972.93 $173,531.80
197 $173,531.80 $485.85 $0.00 $981.17 $174,998.82
198 $174,998.82 $485.85 $0.00 $989.47 $176,474.14
199 $176,474.14 $485.85 $0.00 $997.81 $177,957.80
200 $177,957.80 $485.85 $0.00 $1,006.20 $179,449.85
201 $179,449.85 $485.85 $0.00 $1,014.64 $180,950.34
202 $180,950.34 $485.85 $0.00 $1,023.12 $182,459.31
203 $182,459.31 $485.85 $0.00 $1,031.65 $183,976.81
204 $183,976.81 $485.85 $0.00 $1,040.23 $185,502.89
205 $185,502.89 $485.85 $0.00 $1,048.86 $187,037.60
206 $187,037.60 $485.85 $0.00 $1,057.54 $188,580.99
207 $188,580.99 $485.85 $0.00 $1,066.26 $190,133.10
208 $190,133.10 $485.85 $0.00 $1,075.04 $191,693.99
209 $191,693.99 $485.85 $0.00 $1,083.87 $193,263.71
210 $193,263.71 $485.85 $0.00 $1,092.74 $194,842.30
211 $194,842.30 $485.85 $0.00 $1,101.67 $196,429.82
212 $196,429.82 $485.85 $0.00 $1,110.64 $198,026.31
213 $198,026.31 $485.85 $0.00 $1,119.67 $199,631.83
214 $199,631.83 $485.85 $0.00 $1,128.75 $201,246.43
215 $201,246.43 $485.85 $0.00 $1,137.88 $202,870.16
216 $202,870.16 $485.85 $0.00 $1,147.06 $204,503.07
217 $204,503.07 $485.85 $56,959.86 $1,156.29 $149,185.35
218 $149,185.35 $485.85 $0.00 $843.52 $150,514.72
219 $150,514.72 $485.85 $0.00 $851.03 $151,851.60
220 $151,851.60 $485.85 $0.00 $858.59 $153,196.04
221 $153,196.04 $485.85 $0.00 $866.19 $154,548.08
222 $154,548.08 $485.85 $0.00 $873.84 $155,907.77
223 $155,907.77 $485.85 $0.00 $881.53 $157,275.15
224 $157,275.15 $485.85 $0.00 $889.26 $158,650.26
225 $158,650.26 $485.85 $0.00 $897.03 $160,033.14
226 $160,033.14 $485.85 $0.00 $904.85 $161,423.84
227 $161,423.84 $485.85 $0.00 $912.71 $162,822.40
228 $162,822.40 $485.85 $0.00 $920.62 $164,228.87
229 $164,228.87 $485.85 $59,807.86 $928.57 $105,835.43
230 $105,835.43 $485.85 $0.00 $598.41 $106,919.69
231 $106,919.69 $485.85 $0.00 $604.54 $108,010.08
232 $108,010.08 $485.85 $0.00 $610.70 $109,106.63
233 $109,106.63 $485.85 $0.00 $616.90 $110,209.38
234 $110,209.38 $485.85 $0.00 $623.14 $111,318.37
235 $111,318.37 $485.85 $0.00 $629.41 $112,433.63
236 $112,433.63 $485.85 $0.00 $635.72 $113,555.20
237 $113,555.20 $485.85 $0.00 $642.06 $114,683.11
238 $114,683.11 $485.85 $0.00 $648.43 $115,817.39
239 $115,817.39 $485.85 $0.00 $654.85 $116,958.09
240 $116,958.09 $485.85 $0.00 $661.30 $118,105.24
241 $118,105.24 $485.85 $62,798.25 $667.78 $56,460.62
242 $56,460.62 $485.85 $0.00 $319.24 $57,265.71
243 $57,265.71 $485.85 $0.00 $323.79 $58,075.35
244 $58,075.35 $485.85 $0.00 $328.37 $58,889.57
245 $58,889.57 $485.85 $0.00 $332.97 $59,708.39
246 $59,708.39 $485.85 $0.00 $337.60 $60,531.84
247 $60,531.84 $485.85 $0.00 $342.26 $61,359.95
248 $61,359.95 $485.85 $0.00 $346.94 $62,192.74
249 $62,192.74 $485.85 $0.00 $351.65 $63,030.24
250 $63,030.24 $485.85 $0.00 $356.38 $63,872.47
251 $63,872.47 $485.85 $0.00 $361.14 $64,719.46
252 $64,719.46 $485.85 $0.00 $365.93 $65,571.24
253 $65,571.24 $0.00 $65,938.16 $370.75 $3.83