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 2040$105,466
Monthly savings required$835

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 $421,862.98 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $834.85 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$40,670.00
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 $834.85 $0.00 $0.00 $834.85
2 $834.85 $834.85 $0.00 $4.72 $1,674.42
3 $1,674.42 $834.85 $0.00 $9.47 $2,518.74
4 $2,518.74 $834.85 $0.00 $14.24 $3,367.83
5 $3,367.83 $834.85 $0.00 $19.04 $4,221.72
6 $4,221.72 $834.85 $0.00 $23.87 $5,080.44
7 $5,080.44 $834.85 $0.00 $28.73 $5,944.02
8 $5,944.02 $834.85 $0.00 $33.61 $6,812.48
9 $6,812.48 $834.85 $0.00 $38.52 $7,685.85
10 $7,685.85 $834.85 $0.00 $43.46 $8,564.16
11 $8,564.16 $834.85 $0.00 $48.42 $9,447.43
12 $9,447.43 $834.85 $0.00 $53.42 $10,335.70
13 $10,335.70 $834.85 $0.00 $58.44 $11,228.99
14 $11,228.99 $834.85 $0.00 $63.49 $12,127.33
15 $12,127.33 $834.85 $0.00 $68.57 $13,030.75
16 $13,030.75 $834.85 $0.00 $73.68 $13,939.28
17 $13,939.28 $834.85 $0.00 $78.81 $14,852.94
18 $14,852.94 $834.85 $0.00 $83.98 $15,771.77
19 $15,771.77 $834.85 $0.00 $89.18 $16,695.80
20 $16,695.80 $834.85 $0.00 $94.40 $17,625.05
21 $17,625.05 $834.85 $0.00 $99.65 $18,559.55
22 $18,559.55 $834.85 $0.00 $104.94 $19,499.34
23 $19,499.34 $834.85 $0.00 $110.25 $20,444.44
24 $20,444.44 $834.85 $0.00 $115.60 $21,394.89
25 $21,394.89 $834.85 $0.00 $120.97 $22,350.71
26 $22,350.71 $834.85 $0.00 $126.37 $23,311.93
27 $23,311.93 $834.85 $0.00 $131.81 $24,278.59
28 $24,278.59 $834.85 $0.00 $137.27 $25,250.71
29 $25,250.71 $834.85 $0.00 $142.77 $26,228.33
30 $26,228.33 $834.85 $0.00 $148.30 $27,211.48
31 $27,211.48 $834.85 $0.00 $153.86 $28,200.19
32 $28,200.19 $834.85 $0.00 $159.45 $29,194.49
33 $29,194.49 $834.85 $0.00 $165.07 $30,194.41
34 $30,194.41 $834.85 $0.00 $170.72 $31,199.98
35 $31,199.98 $834.85 $0.00 $176.41 $32,211.24
36 $32,211.24 $834.85 $0.00 $182.13 $33,228.22
37 $33,228.22 $834.85 $0.00 $187.88 $34,250.95
38 $34,250.95 $834.85 $0.00 $193.66 $35,279.46
39 $35,279.46 $834.85 $0.00 $199.48 $36,313.79
40 $36,313.79 $834.85 $0.00 $205.32 $37,353.96
41 $37,353.96 $834.85 $0.00 $211.20 $38,400.01
42 $38,400.01 $834.85 $0.00 $217.12 $39,451.98
43 $39,451.98 $834.85 $0.00 $223.07 $40,509.90
44 $40,509.90 $834.85 $0.00 $229.05 $41,573.80
45 $41,573.80 $834.85 $0.00 $235.06 $42,643.71
46 $42,643.71 $834.85 $0.00 $241.11 $43,719.67
47 $43,719.67 $834.85 $0.00 $247.20 $44,801.72
48 $44,801.72 $834.85 $0.00 $253.32 $45,889.89
49 $45,889.89 $834.85 $0.00 $259.47 $46,984.21
50 $46,984.21 $834.85 $0.00 $265.66 $48,084.72
51 $48,084.72 $834.85 $0.00 $271.88 $49,191.45
52 $49,191.45 $834.85 $0.00 $278.14 $50,304.44
53 $50,304.44 $834.85 $0.00 $284.43 $51,423.72
54 $51,423.72 $834.85 $0.00 $290.76 $52,549.33
55 $52,549.33 $834.85 $0.00 $297.12 $53,681.30
56 $53,681.30 $834.85 $0.00 $303.52 $54,819.67
57 $54,819.67 $834.85 $0.00 $309.96 $55,964.48
58 $55,964.48 $834.85 $0.00 $316.43 $57,115.76
59 $57,115.76 $834.85 $0.00 $322.94 $58,273.55
60 $58,273.55 $834.85 $0.00 $329.49 $59,437.89
61 $59,437.89 $834.85 $0.00 $336.07 $60,608.81
62 $60,608.81 $834.85 $0.00 $342.69 $61,786.35
63 $61,786.35 $834.85 $0.00 $349.35 $62,970.55
64 $62,970.55 $834.85 $0.00 $356.04 $64,161.44
65 $64,161.44 $834.85 $0.00 $362.78 $65,359.07
66 $65,359.07 $834.85 $0.00 $369.55 $66,563.47
67 $66,563.47 $834.85 $0.00 $376.36 $67,774.68
68 $67,774.68 $834.85 $0.00 $383.21 $68,992.74
69 $68,992.74 $834.85 $0.00 $390.09 $70,217.68
70 $70,217.68 $834.85 $0.00 $397.02 $71,449.55
71 $71,449.55 $834.85 $0.00 $403.99 $72,688.39
72 $72,688.39 $834.85 $0.00 $410.99 $73,934.23
73 $73,934.23 $834.85 $0.00 $418.03 $75,187.11
74 $75,187.11 $834.85 $0.00 $425.12 $76,447.08
75 $76,447.08 $834.85 $0.00 $432.24 $77,714.17
76 $77,714.17 $834.85 $0.00 $439.41 $78,988.43
77 $78,988.43 $834.85 $0.00 $446.61 $80,269.89
78 $80,269.89 $834.85 $0.00 $453.86 $81,558.60
79 $81,558.60 $834.85 $0.00 $461.14 $82,854.59
80 $82,854.59 $834.85 $0.00 $468.47 $84,157.91
81 $84,157.91 $834.85 $0.00 $475.84 $85,468.60
82 $85,468.60 $834.85 $0.00 $483.25 $86,786.70
83 $86,786.70 $834.85 $0.00 $490.70 $88,112.25
84 $88,112.25 $834.85 $0.00 $498.20 $89,445.30
85 $89,445.30 $834.85 $0.00 $505.74 $90,785.89
86 $90,785.89 $834.85 $0.00 $513.32 $92,134.06
87 $92,134.06 $834.85 $0.00 $520.94 $93,489.85
88 $93,489.85 $834.85 $0.00 $528.61 $94,853.31
89 $94,853.31 $834.85 $0.00 $536.31 $96,224.47
90 $96,224.47 $834.85 $0.00 $544.07 $97,603.39
91 $97,603.39 $834.85 $0.00 $551.86 $98,990.10
92 $98,990.10 $834.85 $0.00 $559.70 $100,384.65
93 $100,384.65 $834.85 $0.00 $567.59 $101,787.09
94 $101,787.09 $834.85 $0.00 $575.52 $103,197.46
95 $103,197.46 $834.85 $0.00 $583.49 $104,615.80
96 $104,615.80 $834.85 $0.00 $591.51 $106,042.16
97 $106,042.16 $834.85 $0.00 $599.58 $107,476.59
98 $107,476.59 $834.85 $0.00 $607.69 $108,919.13
99 $108,919.13 $834.85 $0.00 $615.84 $110,369.82
100 $110,369.82 $834.85 $0.00 $624.05 $111,828.72
101 $111,828.72 $834.85 $0.00 $632.30 $113,295.87
102 $113,295.87 $834.85 $0.00 $640.59 $114,771.31
103 $114,771.31 $834.85 $0.00 $648.93 $116,255.09
104 $116,255.09 $834.85 $0.00 $657.32 $117,747.26
105 $117,747.26 $834.85 $0.00 $665.76 $119,247.87
106 $119,247.87 $834.85 $0.00 $674.24 $120,756.96
107 $120,756.96 $834.85 $0.00 $682.78 $122,274.59
108 $122,274.59 $834.85 $0.00 $691.36 $123,800.80
109 $123,800.80 $834.85 $0.00 $699.99 $125,335.64
110 $125,335.64 $834.85 $0.00 $708.67 $126,879.16
111 $126,879.16 $834.85 $0.00 $717.39 $128,431.40
112 $128,431.40 $834.85 $0.00 $726.17 $129,992.42
113 $129,992.42 $834.85 $0.00 $735.00 $131,562.27
114 $131,562.27 $834.85 $0.00 $743.87 $133,140.99
115 $133,140.99 $834.85 $0.00 $752.80 $134,728.64
116 $134,728.64 $834.85 $0.00 $761.78 $136,325.27
117 $136,325.27 $834.85 $0.00 $770.80 $137,930.92
118 $137,930.92 $834.85 $0.00 $779.88 $139,545.65
119 $139,545.65 $834.85 $0.00 $789.01 $141,169.51
120 $141,169.51 $834.85 $0.00 $798.19 $142,802.55
121 $142,802.55 $834.85 $0.00 $807.43 $144,444.83
122 $144,444.83 $834.85 $0.00 $816.71 $146,096.39
123 $146,096.39 $834.85 $0.00 $826.05 $147,757.29
124 $147,757.29 $834.85 $0.00 $835.44 $149,427.58
125 $149,427.58 $834.85 $0.00 $844.89 $151,107.32
126 $151,107.32 $834.85 $0.00 $854.38 $152,796.55
127 $152,796.55 $834.85 $0.00 $863.93 $154,495.33
128 $154,495.33 $834.85 $0.00 $873.54 $156,203.72
129 $156,203.72 $834.85 $0.00 $883.20 $157,921.77
130 $157,921.77 $834.85 $0.00 $892.91 $159,649.53
131 $159,649.53 $834.85 $0.00 $902.68 $161,387.06
132 $161,387.06 $834.85 $0.00 $912.51 $163,134.42
133 $163,134.42 $834.85 $0.00 $922.39 $164,891.66
134 $164,891.66 $834.85 $0.00 $932.32 $166,658.83
135 $166,658.83 $834.85 $0.00 $942.31 $168,435.99
136 $168,435.99 $834.85 $0.00 $952.36 $170,223.20
137 $170,223.20 $834.85 $0.00 $962.47 $172,020.52
138 $172,020.52 $834.85 $0.00 $972.63 $173,828.00
139 $173,828.00 $834.85 $0.00 $982.85 $175,645.70
140 $175,645.70 $834.85 $0.00 $993.13 $177,473.68
141 $177,473.68 $834.85 $0.00 $1,003.46 $179,311.99
142 $179,311.99 $834.85 $0.00 $1,013.86 $181,160.70
143 $181,160.70 $834.85 $0.00 $1,024.31 $183,019.86
144 $183,019.86 $834.85 $0.00 $1,034.82 $184,889.53
145 $184,889.53 $834.85 $0.00 $1,045.39 $186,769.77
146 $186,769.77 $834.85 $0.00 $1,056.02 $188,660.64
147 $188,660.64 $834.85 $0.00 $1,066.71 $190,562.20
148 $190,562.20 $834.85 $0.00 $1,077.47 $192,474.52
149 $192,474.52 $834.85 $0.00 $1,088.28 $194,397.65
150 $194,397.65 $834.85 $0.00 $1,099.15 $196,331.65
151 $196,331.65 $834.85 $0.00 $1,110.09 $198,276.59
152 $198,276.59 $834.85 $0.00 $1,121.08 $200,232.52
153 $200,232.52 $834.85 $0.00 $1,132.14 $202,199.51
154 $202,199.51 $834.85 $0.00 $1,143.27 $204,177.63
155 $204,177.63 $834.85 $0.00 $1,154.45 $206,166.93
156 $206,166.93 $834.85 $0.00 $1,165.70 $208,167.48
157 $208,167.48 $834.85 $0.00 $1,177.01 $210,179.34
158 $210,179.34 $834.85 $0.00 $1,188.38 $212,202.57
159 $212,202.57 $834.85 $0.00 $1,199.82 $214,237.24
160 $214,237.24 $834.85 $0.00 $1,211.33 $216,283.42
161 $216,283.42 $834.85 $0.00 $1,222.90 $218,341.17
162 $218,341.17 $834.85 $0.00 $1,234.53 $220,410.55
163 $220,410.55 $834.85 $0.00 $1,246.23 $222,491.63
164 $222,491.63 $834.85 $0.00 $1,258.00 $224,584.48
165 $224,584.48 $834.85 $0.00 $1,269.83 $226,689.16
166 $226,689.16 $834.85 $0.00 $1,281.73 $228,805.74
167 $228,805.74 $834.85 $0.00 $1,293.70 $230,934.29
168 $230,934.29 $834.85 $0.00 $1,305.74 $233,074.88
169 $233,074.88 $834.85 $0.00 $1,317.84 $235,227.57
170 $235,227.57 $834.85 $0.00 $1,330.01 $237,392.43
171 $237,392.43 $834.85 $0.00 $1,342.25 $239,569.53
172 $239,569.53 $834.85 $0.00 $1,354.56 $241,758.94
173 $241,758.94 $834.85 $0.00 $1,366.94 $243,960.73
174 $243,960.73 $834.85 $0.00 $1,379.39 $246,174.97
175 $246,174.97 $834.85 $0.00 $1,391.91 $248,401.73
176 $248,401.73 $834.85 $0.00 $1,404.50 $250,641.08
177 $250,641.08 $834.85 $0.00 $1,417.16 $252,893.09
178 $252,893.09 $834.85 $0.00 $1,429.89 $255,157.83
179 $255,157.83 $834.85 $0.00 $1,442.70 $257,435.38
180 $257,435.38 $834.85 $0.00 $1,455.58 $259,725.81
181 $259,725.81 $834.85 $0.00 $1,468.53 $262,029.19
182 $262,029.19 $834.85 $0.00 $1,481.55 $264,345.59
183 $264,345.59 $834.85 $0.00 $1,494.65 $266,675.09
184 $266,675.09 $834.85 $0.00 $1,507.82 $269,017.76
185 $269,017.76 $834.85 $0.00 $1,521.07 $271,373.68
186 $271,373.68 $834.85 $0.00 $1,534.39 $273,742.92
187 $273,742.92 $834.85 $0.00 $1,547.78 $276,125.55
188 $276,125.55 $834.85 $0.00 $1,561.25 $278,521.65
189 $278,521.65 $834.85 $0.00 $1,574.80 $280,931.30
190 $280,931.30 $834.85 $0.00 $1,588.43 $283,354.58
191 $283,354.58 $834.85 $0.00 $1,602.13 $285,791.56
192 $285,791.56 $834.85 $0.00 $1,615.91 $288,242.32
193 $288,242.32 $834.85 $0.00 $1,629.76 $290,706.93
194 $290,706.93 $834.85 $0.00 $1,643.70 $293,185.48
195 $293,185.48 $834.85 $0.00 $1,657.71 $295,678.04
196 $295,678.04 $834.85 $0.00 $1,671.81 $298,184.70
197 $298,184.70 $834.85 $0.00 $1,685.98 $300,705.53
198 $300,705.53 $834.85 $0.00 $1,700.23 $303,240.61
199 $303,240.61 $834.85 $0.00 $1,714.57 $305,790.03
200 $305,790.03 $834.85 $0.00 $1,728.98 $308,353.86
201 $308,353.86 $834.85 $0.00 $1,743.48 $310,932.19
202 $310,932.19 $834.85 $0.00 $1,758.06 $313,525.10
203 $313,525.10 $834.85 $0.00 $1,772.72 $316,132.67
204 $316,132.67 $834.85 $0.00 $1,787.46 $318,754.98
205 $318,754.98 $834.85 $0.00 $1,802.29 $321,392.12
206 $321,392.12 $834.85 $0.00 $1,817.20 $324,044.17
207 $324,044.17 $834.85 $0.00 $1,832.19 $326,711.21
208 $326,711.21 $834.85 $0.00 $1,847.27 $329,393.33
209 $329,393.33 $834.85 $0.00 $1,862.44 $332,090.62
210 $332,090.62 $834.85 $0.00 $1,877.69 $334,803.16
211 $334,803.16 $834.85 $0.00 $1,893.03 $337,531.04
212 $337,531.04 $834.85 $0.00 $1,908.45 $340,274.34
213 $340,274.34 $834.85 $0.00 $1,923.96 $343,033.15
214 $343,033.15 $834.85 $0.00 $1,939.56 $345,807.56
215 $345,807.56 $834.85 $0.00 $1,955.25 $348,597.66
216 $348,597.66 $834.85 $0.00 $1,971.02 $351,403.53
217 $351,403.53 $834.85 $97,877.20 $1,986.89 $256,348.07
218 $256,348.07 $834.85 $0.00 $1,449.43 $258,632.35
219 $258,632.35 $834.85 $0.00 $1,462.34 $260,929.54
220 $260,929.54 $834.85 $0.00 $1,475.33 $263,239.72
221 $263,239.72 $834.85 $0.00 $1,488.40 $265,562.97
222 $265,562.97 $834.85 $0.00 $1,501.53 $267,899.35
223 $267,899.35 $834.85 $0.00 $1,514.74 $270,248.94
224 $270,248.94 $834.85 $0.00 $1,528.03 $272,611.82
225 $272,611.82 $834.85 $0.00 $1,541.39 $274,988.06
226 $274,988.06 $834.85 $0.00 $1,554.82 $277,377.73
227 $277,377.73 $834.85 $0.00 $1,568.33 $279,780.91
228 $279,780.91 $834.85 $0.00 $1,581.92 $282,197.68
229 $282,197.68 $834.85 $102,771.06 $1,595.59 $181,857.06
230 $181,857.06 $834.85 $0.00 $1,028.25 $183,720.16
231 $183,720.16 $834.85 $0.00 $1,038.78 $185,593.79
232 $185,593.79 $834.85 $0.00 $1,049.37 $187,478.01
233 $187,478.01 $834.85 $0.00 $1,060.03 $189,372.89
234 $189,372.89 $834.85 $0.00 $1,070.74 $191,278.48
235 $191,278.48 $834.85 $0.00 $1,081.52 $193,194.85
236 $193,194.85 $834.85 $0.00 $1,092.35 $195,122.05
237 $195,122.05 $834.85 $0.00 $1,103.25 $197,060.15
238 $197,060.15 $834.85 $0.00 $1,114.21 $199,009.21
239 $199,009.21 $834.85 $0.00 $1,125.23 $200,969.29
240 $200,969.29 $834.85 $0.00 $1,136.31 $202,940.45
241 $202,940.45 $834.85 $107,909.62 $1,147.45 $97,013.13
242 $97,013.13 $834.85 $0.00 $548.53 $98,396.51
243 $98,396.51 $834.85 $0.00 $556.35 $99,787.71
244 $99,787.71 $834.85 $0.00 $564.21 $101,186.77
245 $101,186.77 $834.85 $0.00 $572.12 $102,593.74
246 $102,593.74 $834.85 $0.00 $580.08 $104,008.67
247 $104,008.67 $834.85 $0.00 $588.08 $105,431.60
248 $105,431.60 $834.85 $0.00 $596.13 $106,862.58
249 $106,862.58 $834.85 $0.00 $604.22 $108,301.65
250 $108,301.65 $834.85 $0.00 $612.35 $109,748.85
251 $109,748.85 $834.85 $0.00 $620.54 $111,204.24
252 $111,204.24 $834.85 $0.00 $628.76 $112,667.85
253 $112,667.85 $0.00 $113,305.10 $637.04 ($0.21)