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 2039$60,435
Monthly savings required$478

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 $241,738.80 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $478.39 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$23,305.00
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 $478.39 $0.00 $0.00 $478.39
2 $478.39 $478.39 $0.00 $2.70 $959.48
3 $959.48 $478.39 $0.00 $5.43 $1,443.30
4 $1,443.30 $478.39 $0.00 $8.16 $1,929.85
5 $1,929.85 $478.39 $0.00 $10.91 $2,419.15
6 $2,419.15 $478.39 $0.00 $13.68 $2,911.22
7 $2,911.22 $478.39 $0.00 $16.46 $3,406.07
8 $3,406.07 $478.39 $0.00 $19.26 $3,903.72
9 $3,903.72 $478.39 $0.00 $22.07 $4,404.18
10 $4,404.18 $478.39 $0.00 $24.90 $4,907.47
11 $4,907.47 $478.39 $0.00 $27.75 $5,413.61
12 $5,413.61 $478.39 $0.00 $30.61 $5,922.61
13 $5,922.61 $478.39 $0.00 $33.49 $6,434.49
14 $6,434.49 $478.39 $0.00 $36.38 $6,949.26
15 $6,949.26 $478.39 $0.00 $39.29 $7,466.94
16 $7,466.94 $478.39 $0.00 $42.22 $7,987.55
17 $7,987.55 $478.39 $0.00 $45.16 $8,511.10
18 $8,511.10 $478.39 $0.00 $48.12 $9,037.61
19 $9,037.61 $478.39 $0.00 $51.10 $9,567.10
20 $9,567.10 $478.39 $0.00 $54.09 $10,099.58
21 $10,099.58 $478.39 $0.00 $57.10 $10,635.07
22 $10,635.07 $478.39 $0.00 $60.13 $11,173.59
23 $11,173.59 $478.39 $0.00 $63.18 $11,715.16
24 $11,715.16 $478.39 $0.00 $66.24 $12,259.79
25 $12,259.79 $478.39 $0.00 $69.32 $12,807.50
26 $12,807.50 $478.39 $0.00 $72.42 $13,358.31
27 $13,358.31 $478.39 $0.00 $75.53 $13,912.23
28 $13,912.23 $478.39 $0.00 $78.66 $14,469.28
29 $14,469.28 $478.39 $0.00 $81.81 $15,029.48
30 $15,029.48 $478.39 $0.00 $84.98 $15,592.85
31 $15,592.85 $478.39 $0.00 $88.16 $16,159.40
32 $16,159.40 $478.39 $0.00 $91.37 $16,729.16
33 $16,729.16 $478.39 $0.00 $94.59 $17,302.14
34 $17,302.14 $478.39 $0.00 $97.83 $17,878.36
35 $17,878.36 $478.39 $0.00 $101.09 $18,457.84
36 $18,457.84 $478.39 $0.00 $104.36 $19,040.59
37 $19,040.59 $478.39 $0.00 $107.66 $19,626.64
38 $19,626.64 $478.39 $0.00 $110.97 $20,216.00
39 $20,216.00 $478.39 $0.00 $114.30 $20,808.69
40 $20,808.69 $478.39 $0.00 $117.66 $21,404.74
41 $21,404.74 $478.39 $0.00 $121.03 $22,004.16
42 $22,004.16 $478.39 $0.00 $124.41 $22,606.96
43 $22,606.96 $478.39 $0.00 $127.82 $23,213.17
44 $23,213.17 $478.39 $0.00 $131.25 $23,822.81
45 $23,822.81 $478.39 $0.00 $134.70 $24,435.90
46 $24,435.90 $478.39 $0.00 $138.16 $25,052.45
47 $25,052.45 $478.39 $0.00 $141.65 $25,672.49
48 $25,672.49 $478.39 $0.00 $145.16 $26,296.04
49 $26,296.04 $478.39 $0.00 $148.68 $26,923.11
50 $26,923.11 $478.39 $0.00 $152.23 $27,553.73
51 $27,553.73 $478.39 $0.00 $155.79 $28,187.91
52 $28,187.91 $478.39 $0.00 $159.38 $28,825.68
53 $28,825.68 $478.39 $0.00 $162.98 $29,467.05
54 $29,467.05 $478.39 $0.00 $166.61 $30,112.05
55 $30,112.05 $478.39 $0.00 $170.26 $30,760.70
56 $30,760.70 $478.39 $0.00 $173.93 $31,413.02
57 $31,413.02 $478.39 $0.00 $177.61 $32,069.02
58 $32,069.02 $478.39 $0.00 $181.32 $32,728.73
59 $32,728.73 $478.39 $0.00 $185.05 $33,392.17
60 $33,392.17 $478.39 $0.00 $188.80 $34,059.36
61 $34,059.36 $478.39 $0.00 $192.58 $34,730.33
62 $34,730.33 $478.39 $0.00 $196.37 $35,405.09
63 $35,405.09 $478.39 $0.00 $200.19 $36,083.67
64 $36,083.67 $478.39 $0.00 $204.02 $36,766.08
65 $36,766.08 $478.39 $0.00 $207.88 $37,452.35
66 $37,452.35 $478.39 $0.00 $211.76 $38,142.50
67 $38,142.50 $478.39 $0.00 $215.66 $38,836.55
68 $38,836.55 $478.39 $0.00 $219.59 $39,534.53
69 $39,534.53 $478.39 $0.00 $223.53 $40,236.45
70 $40,236.45 $478.39 $0.00 $227.50 $40,942.34
71 $40,942.34 $478.39 $0.00 $231.49 $41,652.22
72 $41,652.22 $478.39 $0.00 $235.51 $42,366.12
73 $42,366.12 $478.39 $0.00 $239.54 $43,084.05
74 $43,084.05 $478.39 $0.00 $243.60 $43,806.04
75 $43,806.04 $478.39 $0.00 $247.69 $44,532.12
76 $44,532.12 $478.39 $0.00 $251.79 $45,262.30
77 $45,262.30 $478.39 $0.00 $255.92 $45,996.61
78 $45,996.61 $478.39 $0.00 $260.07 $46,735.07
79 $46,735.07 $478.39 $0.00 $264.25 $47,477.71
80 $47,477.71 $478.39 $0.00 $268.45 $48,224.55
81 $48,224.55 $478.39 $0.00 $272.67 $48,975.61
82 $48,975.61 $478.39 $0.00 $276.92 $49,730.92
83 $49,730.92 $478.39 $0.00 $281.19 $50,490.50
84 $50,490.50 $478.39 $0.00 $285.48 $51,254.37
85 $51,254.37 $478.39 $0.00 $289.80 $52,022.56
86 $52,022.56 $478.39 $0.00 $294.14 $52,795.09
87 $52,795.09 $478.39 $0.00 $298.51 $53,571.99
88 $53,571.99 $478.39 $0.00 $302.90 $54,353.28
89 $54,353.28 $478.39 $0.00 $307.32 $55,138.99
90 $55,138.99 $478.39 $0.00 $311.76 $55,929.14
91 $55,929.14 $478.39 $0.00 $316.23 $56,723.76
92 $56,723.76 $478.39 $0.00 $320.72 $57,522.87
93 $57,522.87 $478.39 $0.00 $325.24 $58,326.50
94 $58,326.50 $478.39 $0.00 $329.79 $59,134.68
95 $59,134.68 $478.39 $0.00 $334.36 $59,947.43
96 $59,947.43 $478.39 $0.00 $338.95 $60,764.77
97 $60,764.77 $478.39 $0.00 $343.57 $61,586.73
98 $61,586.73 $478.39 $0.00 $348.22 $62,413.34
99 $62,413.34 $478.39 $0.00 $352.89 $63,244.62
100 $63,244.62 $478.39 $0.00 $357.59 $64,080.60
101 $64,080.60 $478.39 $0.00 $362.32 $64,921.31
102 $64,921.31 $478.39 $0.00 $367.07 $65,766.77
103 $65,766.77 $478.39 $0.00 $371.85 $66,617.01
104 $66,617.01 $478.39 $0.00 $376.66 $67,472.06
105 $67,472.06 $478.39 $0.00 $381.50 $68,331.95
106 $68,331.95 $478.39 $0.00 $386.36 $69,196.70
107 $69,196.70 $478.39 $0.00 $391.25 $70,066.34
108 $70,066.34 $478.39 $0.00 $396.17 $70,940.90
109 $70,940.90 $478.39 $0.00 $401.11 $71,820.40
110 $71,820.40 $478.39 $0.00 $406.08 $72,704.87
111 $72,704.87 $478.39 $0.00 $411.08 $73,594.34
112 $73,594.34 $478.39 $0.00 $416.11 $74,488.84
113 $74,488.84 $478.39 $0.00 $421.17 $75,388.40
114 $75,388.40 $478.39 $0.00 $426.26 $76,293.05
115 $76,293.05 $478.39 $0.00 $431.37 $77,202.81
116 $77,202.81 $478.39 $0.00 $436.52 $78,117.72
117 $78,117.72 $478.39 $0.00 $441.69 $79,037.80
118 $79,037.80 $478.39 $0.00 $446.89 $79,963.08
119 $79,963.08 $478.39 $0.00 $452.12 $80,893.59
120 $80,893.59 $478.39 $0.00 $457.38 $81,829.36
121 $81,829.36 $478.39 $0.00 $462.68 $82,770.43
122 $82,770.43 $478.39 $0.00 $468.00 $83,716.82
123 $83,716.82 $478.39 $0.00 $473.35 $84,668.56
124 $84,668.56 $478.39 $0.00 $478.73 $85,625.68
125 $85,625.68 $478.39 $0.00 $484.14 $86,588.21
126 $86,588.21 $478.39 $0.00 $489.58 $87,556.18
127 $87,556.18 $478.39 $0.00 $495.06 $88,529.63
128 $88,529.63 $478.39 $0.00 $500.56 $89,508.58
129 $89,508.58 $478.39 $0.00 $506.09 $90,493.06
130 $90,493.06 $478.39 $0.00 $511.66 $91,483.11
131 $91,483.11 $478.39 $0.00 $517.26 $92,478.76
132 $92,478.76 $478.39 $0.00 $522.89 $93,480.04
133 $93,480.04 $478.39 $0.00 $528.55 $94,486.98
134 $94,486.98 $478.39 $0.00 $534.24 $95,499.61
135 $95,499.61 $478.39 $0.00 $539.97 $96,517.97
136 $96,517.97 $478.39 $0.00 $545.73 $97,542.09
137 $97,542.09 $478.39 $0.00 $551.52 $98,572.00
138 $98,572.00 $478.39 $0.00 $557.34 $99,607.73
139 $99,607.73 $478.39 $0.00 $563.20 $100,649.32
140 $100,649.32 $478.39 $0.00 $569.09 $101,696.80
141 $101,696.80 $478.39 $0.00 $575.01 $102,750.20
142 $102,750.20 $478.39 $0.00 $580.96 $103,809.55
143 $103,809.55 $478.39 $0.00 $586.95 $104,874.89
144 $104,874.89 $478.39 $0.00 $592.98 $105,946.26
145 $105,946.26 $478.39 $0.00 $599.04 $107,023.69
146 $107,023.69 $478.39 $0.00 $605.13 $108,107.21
147 $108,107.21 $478.39 $0.00 $611.25 $109,196.85
148 $109,196.85 $478.39 $0.00 $617.41 $110,292.65
149 $110,292.65 $478.39 $0.00 $623.61 $111,394.65
150 $111,394.65 $478.39 $0.00 $629.84 $112,502.88
151 $112,502.88 $478.39 $0.00 $636.11 $113,617.38
152 $113,617.38 $478.39 $0.00 $642.41 $114,738.18
153 $114,738.18 $478.39 $0.00 $648.75 $115,865.32
154 $115,865.32 $478.39 $0.00 $655.12 $116,998.83
155 $116,998.83 $478.39 $0.00 $661.53 $118,138.75
156 $118,138.75 $478.39 $0.00 $667.97 $119,285.11
157 $119,285.11 $478.39 $0.00 $674.46 $120,437.96
158 $120,437.96 $478.39 $0.00 $680.97 $121,597.32
159 $121,597.32 $478.39 $0.00 $687.53 $122,763.24
160 $122,763.24 $478.39 $0.00 $694.12 $123,935.75
161 $123,935.75 $478.39 $0.00 $700.75 $125,114.89
162 $125,114.89 $478.39 $0.00 $707.42 $126,300.70
163 $126,300.70 $478.39 $0.00 $714.12 $127,493.21
164 $127,493.21 $478.39 $0.00 $720.87 $128,692.47
165 $128,692.47 $478.39 $0.00 $727.65 $129,898.51
166 $129,898.51 $478.39 $0.00 $734.47 $131,111.37
167 $131,111.37 $478.39 $0.00 $741.32 $132,331.08
168 $132,331.08 $478.39 $0.00 $748.22 $133,557.69
169 $133,557.69 $478.39 $0.00 $755.15 $134,791.23
170 $134,791.23 $478.39 $0.00 $762.13 $136,031.75
171 $136,031.75 $478.39 $0.00 $769.14 $137,279.28
172 $137,279.28 $478.39 $0.00 $776.20 $138,533.87
173 $138,533.87 $478.39 $0.00 $783.29 $139,795.55
174 $139,795.55 $478.39 $0.00 $790.42 $141,064.36
175 $141,064.36 $478.39 $0.00 $797.60 $142,340.35
176 $142,340.35 $478.39 $0.00 $804.81 $143,623.55
177 $143,623.55 $478.39 $0.00 $812.07 $144,914.01
178 $144,914.01 $478.39 $0.00 $819.36 $146,211.76
179 $146,211.76 $478.39 $0.00 $826.70 $147,516.85
180 $147,516.85 $478.39 $0.00 $834.08 $148,829.32
181 $148,829.32 $478.39 $0.00 $841.50 $150,149.21
182 $150,149.21 $478.39 $0.00 $848.97 $151,476.57
183 $151,476.57 $478.39 $0.00 $856.47 $152,811.43
184 $152,811.43 $478.39 $0.00 $864.02 $154,153.84
185 $154,153.84 $478.39 $0.00 $871.61 $155,503.84
186 $155,503.84 $478.39 $0.00 $879.24 $156,861.47
187 $156,861.47 $478.39 $0.00 $886.92 $158,226.78
188 $158,226.78 $478.39 $0.00 $894.64 $159,599.81
189 $159,599.81 $478.39 $0.00 $902.40 $160,980.60
190 $160,980.60 $478.39 $0.00 $910.21 $162,369.20
191 $162,369.20 $478.39 $0.00 $918.06 $163,765.65
192 $163,765.65 $478.39 $0.00 $925.95 $165,169.99
193 $165,169.99 $478.39 $0.00 $933.90 $166,582.28
194 $166,582.28 $478.39 $0.00 $941.88 $168,002.55
195 $168,002.55 $478.39 $0.00 $949.91 $169,430.85
196 $169,430.85 $478.39 $0.00 $957.99 $170,867.23
197 $170,867.23 $478.39 $0.00 $966.11 $172,311.73
198 $172,311.73 $478.39 $0.00 $974.28 $173,764.40
199 $173,764.40 $478.39 $0.00 $982.49 $175,225.28
200 $175,225.28 $478.39 $0.00 $990.75 $176,694.42
201 $176,694.42 $478.39 $0.00 $999.06 $178,171.87
202 $178,171.87 $478.39 $0.00 $1,007.41 $179,657.67
203 $179,657.67 $478.39 $0.00 $1,015.81 $181,151.87
204 $181,151.87 $478.39 $0.00 $1,024.26 $182,654.52
205 $182,654.52 $478.39 $0.00 $1,032.76 $184,165.67
206 $184,165.67 $478.39 $0.00 $1,041.30 $185,685.36
207 $185,685.36 $478.39 $0.00 $1,049.89 $187,213.64
208 $187,213.64 $478.39 $0.00 $1,058.53 $188,750.56
209 $188,750.56 $478.39 $0.00 $1,067.22 $190,296.17
210 $190,296.17 $478.39 $0.00 $1,075.96 $191,850.52
211 $191,850.52 $478.39 $0.00 $1,084.75 $193,413.66
212 $193,413.66 $478.39 $0.00 $1,093.59 $194,985.64
213 $194,985.64 $478.39 $0.00 $1,102.48 $196,566.51
214 $196,566.51 $478.39 $0.00 $1,111.42 $198,156.32
215 $198,156.32 $478.39 $0.00 $1,120.40 $199,755.11
216 $199,755.11 $478.39 $0.00 $1,129.44 $201,362.94
217 $201,362.94 $478.39 $56,086.26 $1,138.54 $146,893.61
218 $146,893.61 $478.39 $0.00 $830.56 $148,202.56
219 $148,202.56 $478.39 $0.00 $837.96 $149,518.91
220 $149,518.91 $478.39 $0.00 $845.40 $150,842.70
221 $150,842.70 $478.39 $0.00 $852.89 $152,173.98
222 $152,173.98 $478.39 $0.00 $860.41 $153,512.78
223 $153,512.78 $478.39 $0.00 $867.98 $154,859.15
224 $154,859.15 $478.39 $0.00 $875.60 $156,213.14
225 $156,213.14 $478.39 $0.00 $883.25 $157,574.78
226 $157,574.78 $478.39 $0.00 $890.95 $158,944.12
227 $158,944.12 $478.39 $0.00 $898.69 $160,321.20
228 $160,321.20 $478.39 $0.00 $906.48 $161,706.07
229 $161,706.07 $478.39 $58,890.57 $914.31 $104,208.20
230 $104,208.20 $478.39 $0.00 $589.21 $105,275.80
231 $105,275.80 $478.39 $0.00 $595.24 $106,349.43
232 $106,349.43 $478.39 $0.00 $601.32 $107,429.14
233 $107,429.14 $478.39 $0.00 $607.42 $108,514.95
234 $108,514.95 $478.39 $0.00 $613.56 $109,606.90
235 $109,606.90 $478.39 $0.00 $619.73 $110,705.02
236 $110,705.02 $478.39 $0.00 $625.94 $111,809.35
237 $111,809.35 $478.39 $0.00 $632.19 $112,919.93
238 $112,919.93 $478.39 $0.00 $638.47 $114,036.79
239 $114,036.79 $478.39 $0.00 $644.78 $115,159.96
240 $115,159.96 $478.39 $0.00 $651.13 $116,289.48
241 $116,289.48 $478.39 $61,835.10 $657.52 $55,590.29
242 $55,590.29 $478.39 $0.00 $314.32 $56,383.00
243 $56,383.00 $478.39 $0.00 $318.80 $57,180.19
244 $57,180.19 $478.39 $0.00 $323.31 $57,981.89
245 $57,981.89 $478.39 $0.00 $327.84 $58,788.12
246 $58,788.12 $478.39 $0.00 $332.40 $59,598.91
247 $59,598.91 $478.39 $0.00 $336.98 $60,414.28
248 $60,414.28 $478.39 $0.00 $341.59 $61,234.26
249 $61,234.26 $478.39 $0.00 $346.23 $62,058.88
250 $62,058.88 $478.39 $0.00 $350.89 $62,888.16
251 $62,888.16 $478.39 $0.00 $355.58 $63,722.13
252 $63,722.13 $478.39 $0.00 $360.29 $64,560.81
253 $64,560.81 $0.00 $64,926.86 $365.04 ($1.01)