Savings Plan and Future Cost Estimation for Indiana Wesleyan University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$162,080
Monthly savings required$1,281

How much will it cost to send your child to Indiana Wesleyan University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $648,319.74 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,280.96 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$43,202.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,280.96 $0.00 $0.00 $1,280.96
2 $1,280.96 $1,280.96 $0.00 $7.24 $2,569.16
3 $2,569.16 $1,280.96 $0.00 $14.53 $3,864.65
4 $3,864.65 $1,280.96 $0.00 $21.85 $5,167.46
5 $5,167.46 $1,280.96 $0.00 $29.22 $6,477.64
6 $6,477.64 $1,280.96 $0.00 $36.63 $7,795.23
7 $7,795.23 $1,280.96 $0.00 $44.08 $9,120.27
8 $9,120.27 $1,280.96 $0.00 $51.57 $10,452.80
9 $10,452.80 $1,280.96 $0.00 $59.10 $11,792.86
10 $11,792.86 $1,280.96 $0.00 $66.68 $13,140.50
11 $13,140.50 $1,280.96 $0.00 $74.30 $14,495.76
12 $14,495.76 $1,280.96 $0.00 $81.96 $15,858.68
13 $15,858.68 $1,280.96 $0.00 $89.67 $17,229.31
14 $17,229.31 $1,280.96 $0.00 $97.42 $18,607.69
15 $18,607.69 $1,280.96 $0.00 $105.21 $19,993.86
16 $19,993.86 $1,280.96 $0.00 $113.05 $21,387.87
17 $21,387.87 $1,280.96 $0.00 $120.93 $22,789.76
18 $22,789.76 $1,280.96 $0.00 $128.86 $24,199.58
19 $24,199.58 $1,280.96 $0.00 $136.83 $25,617.37
20 $25,617.37 $1,280.96 $0.00 $144.84 $27,043.17
21 $27,043.17 $1,280.96 $0.00 $152.91 $28,477.04
22 $28,477.04 $1,280.96 $0.00 $161.01 $29,919.01
23 $29,919.01 $1,280.96 $0.00 $169.17 $31,369.14
24 $31,369.14 $1,280.96 $0.00 $177.37 $32,827.47
25 $32,827.47 $1,280.96 $0.00 $185.61 $34,294.04
26 $34,294.04 $1,280.96 $0.00 $193.90 $35,768.90
27 $35,768.90 $1,280.96 $0.00 $202.24 $37,252.10
28 $37,252.10 $1,280.96 $0.00 $210.63 $38,743.69
29 $38,743.69 $1,280.96 $0.00 $219.06 $40,243.71
30 $40,243.71 $1,280.96 $0.00 $227.54 $41,752.21
31 $41,752.21 $1,280.96 $0.00 $236.07 $43,269.24
32 $43,269.24 $1,280.96 $0.00 $244.65 $44,794.85
33 $44,794.85 $1,280.96 $0.00 $253.28 $46,329.09
34 $46,329.09 $1,280.96 $0.00 $261.95 $47,872.00
35 $47,872.00 $1,280.96 $0.00 $270.68 $49,423.64
36 $49,423.64 $1,280.96 $0.00 $279.45 $50,984.05
37 $50,984.05 $1,280.96 $0.00 $288.27 $52,553.28
38 $52,553.28 $1,280.96 $0.00 $297.14 $54,131.38
39 $54,131.38 $1,280.96 $0.00 $306.07 $55,718.41
40 $55,718.41 $1,280.96 $0.00 $315.04 $57,314.41
41 $57,314.41 $1,280.96 $0.00 $324.06 $58,919.43
42 $58,919.43 $1,280.96 $0.00 $333.14 $60,533.53
43 $60,533.53 $1,280.96 $0.00 $342.27 $62,156.76
44 $62,156.76 $1,280.96 $0.00 $351.44 $63,789.16
45 $63,789.16 $1,280.96 $0.00 $360.67 $65,430.79
46 $65,430.79 $1,280.96 $0.00 $369.96 $67,081.71
47 $67,081.71 $1,280.96 $0.00 $379.29 $68,741.96
48 $68,741.96 $1,280.96 $0.00 $388.68 $70,411.60
49 $70,411.60 $1,280.96 $0.00 $398.12 $72,090.68
50 $72,090.68 $1,280.96 $0.00 $407.61 $73,779.25
51 $73,779.25 $1,280.96 $0.00 $417.16 $75,477.37
52 $75,477.37 $1,280.96 $0.00 $426.76 $77,185.09
53 $77,185.09 $1,280.96 $0.00 $436.42 $78,902.47
54 $78,902.47 $1,280.96 $0.00 $446.13 $80,629.56
55 $80,629.56 $1,280.96 $0.00 $455.89 $82,366.41
56 $82,366.41 $1,280.96 $0.00 $465.71 $84,113.08
57 $84,113.08 $1,280.96 $0.00 $475.59 $85,869.63
58 $85,869.63 $1,280.96 $0.00 $485.52 $87,636.11
59 $87,636.11 $1,280.96 $0.00 $495.51 $89,412.58
60 $89,412.58 $1,280.96 $0.00 $505.55 $91,199.09
61 $91,199.09 $1,280.96 $0.00 $515.65 $92,995.70
62 $92,995.70 $1,280.96 $0.00 $525.81 $94,802.47
63 $94,802.47 $1,280.96 $0.00 $536.03 $96,619.46
64 $96,619.46 $1,280.96 $0.00 $546.30 $98,446.72
65 $98,446.72 $1,280.96 $0.00 $556.63 $100,284.31
66 $100,284.31 $1,280.96 $0.00 $567.02 $102,132.29
67 $102,132.29 $1,280.96 $0.00 $577.47 $103,990.72
68 $103,990.72 $1,280.96 $0.00 $587.98 $105,859.66
69 $105,859.66 $1,280.96 $0.00 $598.55 $107,739.17
70 $107,739.17 $1,280.96 $0.00 $609.17 $109,629.30
71 $109,629.30 $1,280.96 $0.00 $619.86 $111,530.12
72 $111,530.12 $1,280.96 $0.00 $630.61 $113,441.69
73 $113,441.69 $1,280.96 $0.00 $641.42 $115,364.07
74 $115,364.07 $1,280.96 $0.00 $652.29 $117,297.32
75 $117,297.32 $1,280.96 $0.00 $663.22 $119,241.50
76 $119,241.50 $1,280.96 $0.00 $674.21 $121,196.67
77 $121,196.67 $1,280.96 $0.00 $685.26 $123,162.89
78 $123,162.89 $1,280.96 $0.00 $696.38 $125,140.23
79 $125,140.23 $1,280.96 $0.00 $707.56 $127,128.75
80 $127,128.75 $1,280.96 $0.00 $718.80 $129,128.51
81 $129,128.51 $1,280.96 $0.00 $730.11 $131,139.58
82 $131,139.58 $1,280.96 $0.00 $741.48 $133,162.02
83 $133,162.02 $1,280.96 $0.00 $752.92 $135,195.90
84 $135,195.90 $1,280.96 $0.00 $764.42 $137,241.28
85 $137,241.28 $1,280.96 $0.00 $775.98 $139,298.22
86 $139,298.22 $1,280.96 $0.00 $787.61 $141,366.79
87 $141,366.79 $1,280.96 $0.00 $799.31 $143,447.06
88 $143,447.06 $1,280.96 $0.00 $811.07 $145,539.09
89 $145,539.09 $1,280.96 $0.00 $822.90 $147,642.95
90 $147,642.95 $1,280.96 $0.00 $834.79 $149,758.70
91 $149,758.70 $1,280.96 $0.00 $846.76 $151,886.42
92 $151,886.42 $1,280.96 $0.00 $858.79 $154,026.17
93 $154,026.17 $1,280.96 $0.00 $870.89 $156,178.02
94 $156,178.02 $1,280.96 $0.00 $883.05 $158,342.03
95 $158,342.03 $1,280.96 $0.00 $895.29 $160,518.28
96 $160,518.28 $1,280.96 $0.00 $907.59 $162,706.83
97 $162,706.83 $1,280.96 $0.00 $919.97 $164,907.76
98 $164,907.76 $1,280.96 $0.00 $932.41 $167,121.13
99 $167,121.13 $1,280.96 $0.00 $944.93 $169,347.02
100 $169,347.02 $1,280.96 $0.00 $957.51 $171,585.49
101 $171,585.49 $1,280.96 $0.00 $970.17 $173,836.62
102 $173,836.62 $1,280.96 $0.00 $982.90 $176,100.48
103 $176,100.48 $1,280.96 $0.00 $995.70 $178,377.14
104 $178,377.14 $1,280.96 $0.00 $1,008.57 $180,666.67
105 $180,666.67 $1,280.96 $0.00 $1,021.52 $182,969.15
106 $182,969.15 $1,280.96 $0.00 $1,034.53 $185,284.64
107 $185,284.64 $1,280.96 $0.00 $1,047.63 $187,613.23
108 $187,613.23 $1,280.96 $0.00 $1,060.79 $189,954.98
109 $189,954.98 $1,280.96 $0.00 $1,074.03 $192,309.97
110 $192,309.97 $1,280.96 $0.00 $1,087.35 $194,678.28
111 $194,678.28 $1,280.96 $0.00 $1,100.74 $197,059.98
112 $197,059.98 $1,280.96 $0.00 $1,114.21 $199,455.15
113 $199,455.15 $1,280.96 $0.00 $1,127.75 $201,863.86
114 $201,863.86 $1,280.96 $0.00 $1,141.37 $204,286.19
115 $204,286.19 $1,280.96 $0.00 $1,155.06 $206,722.21
116 $206,722.21 $1,280.96 $0.00 $1,168.84 $209,172.01
117 $209,172.01 $1,280.96 $0.00 $1,182.69 $211,635.66
118 $211,635.66 $1,280.96 $0.00 $1,196.62 $214,113.24
119 $214,113.24 $1,280.96 $0.00 $1,210.63 $216,604.83
120 $216,604.83 $1,280.96 $0.00 $1,224.72 $219,110.51
121 $219,110.51 $1,280.96 $0.00 $1,238.88 $221,630.35
122 $221,630.35 $1,280.96 $0.00 $1,253.13 $224,164.44
123 $224,164.44 $1,280.96 $0.00 $1,267.46 $226,712.86
124 $226,712.86 $1,280.96 $0.00 $1,281.87 $229,275.69
125 $229,275.69 $1,280.96 $0.00 $1,296.36 $231,853.01
126 $231,853.01 $1,280.96 $0.00 $1,310.93 $234,444.90
127 $234,444.90 $1,280.96 $0.00 $1,325.59 $237,051.45
128 $237,051.45 $1,280.96 $0.00 $1,340.32 $239,672.73
129 $239,672.73 $1,280.96 $0.00 $1,355.14 $242,308.83
130 $242,308.83 $1,280.96 $0.00 $1,370.05 $244,959.84
131 $244,959.84 $1,280.96 $0.00 $1,385.04 $247,625.84
132 $247,625.84 $1,280.96 $0.00 $1,400.11 $250,306.91
133 $250,306.91 $1,280.96 $0.00 $1,415.27 $253,003.14
134 $253,003.14 $1,280.96 $0.00 $1,430.52 $255,714.62
135 $255,714.62 $1,280.96 $0.00 $1,445.85 $258,441.43
136 $258,441.43 $1,280.96 $0.00 $1,461.27 $261,183.66
137 $261,183.66 $1,280.96 $0.00 $1,476.77 $263,941.39
138 $263,941.39 $1,280.96 $0.00 $1,492.36 $266,714.71
139 $266,714.71 $1,280.96 $0.00 $1,508.04 $269,503.71
140 $269,503.71 $1,280.96 $0.00 $1,523.81 $272,308.48
141 $272,308.48 $1,280.96 $0.00 $1,539.67 $275,129.11
142 $275,129.11 $1,280.96 $0.00 $1,555.62 $277,965.69
143 $277,965.69 $1,280.96 $0.00 $1,571.66 $280,818.31
144 $280,818.31 $1,280.96 $0.00 $1,587.79 $283,687.06
145 $283,687.06 $1,280.96 $0.00 $1,604.01 $286,572.03
146 $286,572.03 $1,280.96 $0.00 $1,620.32 $289,473.31
147 $289,473.31 $1,280.96 $0.00 $1,636.72 $292,390.99
148 $292,390.99 $1,280.96 $0.00 $1,653.22 $295,325.17
149 $295,325.17 $1,280.96 $0.00 $1,669.81 $298,275.94
150 $298,275.94 $1,280.96 $0.00 $1,686.50 $301,243.40
151 $301,243.40 $1,280.96 $0.00 $1,703.27 $304,227.63
152 $304,227.63 $1,280.96 $0.00 $1,720.15 $307,228.74
153 $307,228.74 $1,280.96 $0.00 $1,737.12 $310,246.82
154 $310,246.82 $1,280.96 $0.00 $1,754.18 $313,281.96
155 $313,281.96 $1,280.96 $0.00 $1,771.34 $316,334.26
156 $316,334.26 $1,280.96 $0.00 $1,788.60 $319,403.82
157 $319,403.82 $1,280.96 $0.00 $1,805.96 $322,490.74
158 $322,490.74 $1,280.96 $0.00 $1,823.41 $325,595.11
159 $325,595.11 $1,280.96 $0.00 $1,840.96 $328,717.03
160 $328,717.03 $1,280.96 $0.00 $1,858.61 $331,856.60
161 $331,856.60 $1,280.96 $0.00 $1,876.37 $335,013.93
162 $335,013.93 $1,280.96 $0.00 $1,894.22 $338,189.11
163 $338,189.11 $1,280.96 $0.00 $1,912.17 $341,382.24
164 $341,382.24 $1,280.96 $0.00 $1,930.22 $344,593.42
165 $344,593.42 $1,280.96 $0.00 $1,948.38 $347,822.76
166 $347,822.76 $1,280.96 $0.00 $1,966.64 $351,070.36
167 $351,070.36 $1,280.96 $0.00 $1,985.00 $354,336.32
168 $354,336.32 $1,280.96 $0.00 $2,003.47 $357,620.75
169 $357,620.75 $1,280.96 $0.00 $2,022.04 $360,923.75
170 $360,923.75 $1,280.96 $0.00 $2,040.72 $364,245.43
171 $364,245.43 $1,280.96 $0.00 $2,059.50 $367,585.89
172 $367,585.89 $1,280.96 $0.00 $2,078.38 $370,945.23
173 $370,945.23 $1,280.96 $0.00 $2,097.38 $374,323.57
174 $374,323.57 $1,280.96 $0.00 $2,116.48 $377,721.01
175 $377,721.01 $1,280.96 $0.00 $2,135.69 $381,137.66
176 $381,137.66 $1,280.96 $0.00 $2,155.01 $384,573.63
177 $384,573.63 $1,280.96 $0.00 $2,174.44 $388,029.03
178 $388,029.03 $1,280.96 $0.00 $2,193.97 $391,503.96
179 $391,503.96 $1,280.96 $0.00 $2,213.62 $394,998.54
180 $394,998.54 $1,280.96 $0.00 $2,233.38 $398,512.88
181 $398,512.88 $1,280.96 $0.00 $2,253.25 $402,047.09
182 $402,047.09 $1,280.96 $0.00 $2,273.23 $405,601.28
183 $405,601.28 $1,280.96 $0.00 $2,293.33 $409,175.57
184 $409,175.57 $1,280.96 $0.00 $2,313.54 $412,770.07
185 $412,770.07 $1,280.96 $0.00 $2,333.86 $416,384.89
186 $416,384.89 $1,280.96 $0.00 $2,354.30 $420,020.15
187 $420,020.15 $1,280.96 $0.00 $2,374.85 $423,675.96
188 $423,675.96 $1,280.96 $0.00 $2,395.53 $427,352.45
189 $427,352.45 $1,280.96 $0.00 $2,416.31 $431,049.72
190 $431,049.72 $1,280.96 $0.00 $2,437.22 $434,767.90
191 $434,767.90 $1,280.96 $0.00 $2,458.24 $438,507.10
192 $438,507.10 $1,280.96 $0.00 $2,479.38 $442,267.44
193 $442,267.44 $1,280.96 $0.00 $2,500.64 $446,049.04
194 $446,049.04 $1,280.96 $0.00 $2,522.03 $449,852.03
195 $449,852.03 $1,280.96 $0.00 $2,543.53 $453,676.52
196 $453,676.52 $1,280.96 $0.00 $2,565.15 $457,522.63
197 $457,522.63 $1,280.96 $0.00 $2,586.90 $461,390.49
198 $461,390.49 $1,280.96 $0.00 $2,608.77 $465,280.22
199 $465,280.22 $1,280.96 $0.00 $2,630.76 $469,191.94
200 $469,191.94 $1,280.96 $0.00 $2,652.88 $473,125.78
201 $473,125.78 $1,280.96 $0.00 $2,675.12 $477,081.86
202 $477,081.86 $1,280.96 $0.00 $2,697.49 $481,060.31
203 $481,060.31 $1,280.96 $0.00 $2,719.98 $485,061.25
204 $485,061.25 $1,280.96 $0.00 $2,742.61 $489,084.82
205 $489,084.82 $1,280.96 $0.00 $2,765.36 $493,131.14
206 $493,131.14 $1,280.96 $0.00 $2,788.24 $497,200.34
207 $497,200.34 $1,280.96 $0.00 $2,811.24 $501,292.54
208 $501,292.54 $1,280.96 $0.00 $2,834.38 $505,407.88
209 $505,407.88 $1,280.96 $0.00 $2,857.65 $509,546.49
210 $509,546.49 $1,280.96 $0.00 $2,881.05 $513,708.50
211 $513,708.50 $1,280.96 $0.00 $2,904.58 $517,894.04
212 $517,894.04 $1,280.96 $0.00 $2,928.25 $522,103.25
213 $522,103.25 $1,280.96 $0.00 $2,952.05 $526,336.26
214 $526,336.26 $1,280.96 $0.00 $2,975.98 $530,593.20
215 $530,593.20 $1,280.96 $0.00 $3,000.05 $534,874.21
216 $534,874.21 $1,280.96 $0.00 $3,024.26 $539,179.43
217 $539,179.43 $1,280.96 $146,019.83 $3,048.60 $397,489.16
218 $397,489.16 $1,280.96 $0.00 $2,247.46 $401,017.58
219 $401,017.58 $1,280.96 $0.00 $2,267.41 $404,565.95
220 $404,565.95 $1,280.96 $0.00 $2,287.47 $408,134.38
221 $408,134.38 $1,280.96 $0.00 $2,307.65 $411,722.99
222 $411,722.99 $1,280.96 $0.00 $2,327.94 $415,331.89
223 $415,331.89 $1,280.96 $0.00 $2,348.35 $418,961.20
224 $418,961.20 $1,280.96 $0.00 $2,368.87 $422,611.03
225 $422,611.03 $1,280.96 $0.00 $2,389.50 $426,281.49
226 $426,281.49 $1,280.96 $0.00 $2,410.26 $429,972.71
227 $429,972.71 $1,280.96 $0.00 $2,431.13 $433,684.80
228 $433,684.80 $1,280.96 $0.00 $2,452.12 $437,417.88
229 $437,417.88 $1,280.96 $156,241.22 $2,473.22 $284,930.84
230 $284,930.84 $1,280.96 $0.00 $1,611.04 $287,822.84
231 $287,822.84 $1,280.96 $0.00 $1,627.39 $290,731.19
232 $290,731.19 $1,280.96 $0.00 $1,643.84 $293,655.99
233 $293,655.99 $1,280.96 $0.00 $1,660.37 $296,597.32
234 $296,597.32 $1,280.96 $0.00 $1,677.00 $299,555.28
235 $299,555.28 $1,280.96 $0.00 $1,693.73 $302,529.97
236 $302,529.97 $1,280.96 $0.00 $1,710.55 $305,521.48
237 $305,521.48 $1,280.96 $0.00 $1,727.46 $308,529.90
238 $308,529.90 $1,280.96 $0.00 $1,744.47 $311,555.33
239 $311,555.33 $1,280.96 $0.00 $1,761.58 $314,597.87
240 $314,597.87 $1,280.96 $0.00 $1,778.78 $317,657.61
241 $317,657.61 $1,280.96 $167,178.11 $1,796.08 $153,556.54
242 $153,556.54 $1,280.96 $0.00 $868.23 $155,705.73
243 $155,705.73 $1,280.96 $0.00 $880.38 $157,867.07
244 $157,867.07 $1,280.96 $0.00 $892.60 $160,040.63
245 $160,040.63 $1,280.96 $0.00 $904.89 $162,226.48
246 $162,226.48 $1,280.96 $0.00 $917.25 $164,424.69
247 $164,424.69 $1,280.96 $0.00 $929.68 $166,635.33
248 $166,635.33 $1,280.96 $0.00 $942.18 $168,858.47
249 $168,858.47 $1,280.96 $0.00 $954.75 $171,094.18
250 $171,094.18 $1,280.96 $0.00 $967.39 $173,342.53
251 $173,342.53 $1,280.96 $0.00 $980.10 $175,603.59
252 $175,603.59 $1,280.96 $0.00 $992.89 $177,877.44
253 $177,877.44 $0.00 $178,880.58 $1,005.74 $2.60