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 2041$108,920
Monthly savings required$862

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 $435,679.59 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $862.20 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$42,002.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Indiana Wesleyan University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $862.20 $0.00 $0.00 $862.20
2 $862.20 $862.20 $0.00 $4.88 $1,729.28
3 $1,729.28 $862.20 $0.00 $9.78 $2,601.26
4 $2,601.26 $862.20 $0.00 $14.71 $3,478.17
5 $3,478.17 $862.20 $0.00 $19.67 $4,360.04
6 $4,360.04 $862.20 $0.00 $24.65 $5,246.89
7 $5,246.89 $862.20 $0.00 $29.67 $6,138.76
8 $6,138.76 $862.20 $0.00 $34.71 $7,035.67
9 $7,035.67 $862.20 $0.00 $39.78 $7,937.65
10 $7,937.65 $862.20 $0.00 $44.88 $8,844.73
11 $8,844.73 $862.20 $0.00 $50.01 $9,756.94
12 $9,756.94 $862.20 $0.00 $55.17 $10,674.31
13 $10,674.31 $862.20 $0.00 $60.35 $11,596.86
14 $11,596.86 $862.20 $0.00 $65.57 $12,524.63
15 $12,524.63 $862.20 $0.00 $70.82 $13,457.65
16 $13,457.65 $862.20 $0.00 $76.09 $14,395.94
17 $14,395.94 $862.20 $0.00 $81.40 $15,339.54
18 $15,339.54 $862.20 $0.00 $86.73 $16,288.47
19 $16,288.47 $862.20 $0.00 $92.10 $17,242.77
20 $17,242.77 $862.20 $0.00 $97.49 $18,202.46
21 $18,202.46 $862.20 $0.00 $102.92 $19,167.58
22 $19,167.58 $862.20 $0.00 $108.38 $20,138.16
23 $20,138.16 $862.20 $0.00 $113.86 $21,114.22
24 $21,114.22 $862.20 $0.00 $119.38 $22,095.80
25 $22,095.80 $862.20 $0.00 $124.93 $23,082.93
26 $23,082.93 $862.20 $0.00 $130.51 $24,075.64
27 $24,075.64 $862.20 $0.00 $136.13 $25,073.97
28 $25,073.97 $862.20 $0.00 $141.77 $26,077.94
29 $26,077.94 $862.20 $0.00 $147.45 $27,087.59
30 $27,087.59 $862.20 $0.00 $153.16 $28,102.95
31 $28,102.95 $862.20 $0.00 $158.90 $29,124.05
32 $29,124.05 $862.20 $0.00 $164.67 $30,150.92
33 $30,150.92 $862.20 $0.00 $170.48 $31,183.60
34 $31,183.60 $862.20 $0.00 $176.32 $32,222.12
35 $32,222.12 $862.20 $0.00 $182.19 $33,266.51
36 $33,266.51 $862.20 $0.00 $188.09 $34,316.80
37 $34,316.80 $862.20 $0.00 $194.03 $35,373.03
38 $35,373.03 $862.20 $0.00 $200.00 $36,435.23
39 $36,435.23 $862.20 $0.00 $206.01 $37,503.44
40 $37,503.44 $862.20 $0.00 $212.05 $38,577.69
41 $38,577.69 $862.20 $0.00 $218.12 $39,658.01
42 $39,658.01 $862.20 $0.00 $224.23 $40,744.44
43 $40,744.44 $862.20 $0.00 $230.37 $41,837.01
44 $41,837.01 $862.20 $0.00 $236.55 $42,935.76
45 $42,935.76 $862.20 $0.00 $242.77 $44,040.73
46 $44,040.73 $862.20 $0.00 $249.01 $45,151.94
47 $45,151.94 $862.20 $0.00 $255.30 $46,269.44
48 $46,269.44 $862.20 $0.00 $261.61 $47,393.25
49 $47,393.25 $862.20 $0.00 $267.97 $48,523.42
50 $48,523.42 $862.20 $0.00 $274.36 $49,659.98
51 $49,659.98 $862.20 $0.00 $280.78 $50,802.96
52 $50,802.96 $862.20 $0.00 $287.25 $51,952.41
53 $51,952.41 $862.20 $0.00 $293.75 $53,108.36
54 $53,108.36 $862.20 $0.00 $300.28 $54,270.84
55 $54,270.84 $862.20 $0.00 $306.86 $55,439.90
56 $55,439.90 $862.20 $0.00 $313.47 $56,615.57
57 $56,615.57 $862.20 $0.00 $320.11 $57,797.88
58 $57,797.88 $862.20 $0.00 $326.80 $58,986.88
59 $58,986.88 $862.20 $0.00 $333.52 $60,182.60
60 $60,182.60 $862.20 $0.00 $340.28 $61,385.08
61 $61,385.08 $862.20 $0.00 $347.08 $62,594.36
62 $62,594.36 $862.20 $0.00 $353.92 $63,810.48
63 $63,810.48 $862.20 $0.00 $360.79 $65,033.47
64 $65,033.47 $862.20 $0.00 $367.71 $66,263.38
65 $66,263.38 $862.20 $0.00 $374.66 $67,500.24
66 $67,500.24 $862.20 $0.00 $381.66 $68,744.10
67 $68,744.10 $862.20 $0.00 $388.69 $69,994.99
68 $69,994.99 $862.20 $0.00 $395.76 $71,252.95
69 $71,252.95 $862.20 $0.00 $402.87 $72,518.02
70 $72,518.02 $862.20 $0.00 $410.03 $73,790.25
71 $73,790.25 $862.20 $0.00 $417.22 $75,069.67
72 $75,069.67 $862.20 $0.00 $424.45 $76,356.32
73 $76,356.32 $862.20 $0.00 $431.73 $77,650.25
74 $77,650.25 $862.20 $0.00 $439.05 $78,951.50
75 $78,951.50 $862.20 $0.00 $446.40 $80,260.10
76 $80,260.10 $862.20 $0.00 $453.80 $81,576.10
77 $81,576.10 $862.20 $0.00 $461.24 $82,899.54
78 $82,899.54 $862.20 $0.00 $468.73 $84,230.47
79 $84,230.47 $862.20 $0.00 $476.25 $85,568.92
80 $85,568.92 $862.20 $0.00 $483.82 $86,914.94
81 $86,914.94 $862.20 $0.00 $491.43 $88,268.57
82 $88,268.57 $862.20 $0.00 $499.08 $89,629.85
83 $89,629.85 $862.20 $0.00 $506.78 $90,998.83
84 $90,998.83 $862.20 $0.00 $514.52 $92,375.55
85 $92,375.55 $862.20 $0.00 $522.30 $93,760.05
86 $93,760.05 $862.20 $0.00 $530.13 $95,152.38
87 $95,152.38 $862.20 $0.00 $538.01 $96,552.59
88 $96,552.59 $862.20 $0.00 $545.92 $97,960.71
89 $97,960.71 $862.20 $0.00 $553.88 $99,376.79
90 $99,376.79 $862.20 $0.00 $561.89 $100,800.88
91 $100,800.88 $862.20 $0.00 $569.94 $102,233.02
92 $102,233.02 $862.20 $0.00 $578.04 $103,673.26
93 $103,673.26 $862.20 $0.00 $586.18 $105,121.64
94 $105,121.64 $862.20 $0.00 $594.37 $106,578.21
95 $106,578.21 $862.20 $0.00 $602.61 $108,043.02
96 $108,043.02 $862.20 $0.00 $610.89 $109,516.11
97 $109,516.11 $862.20 $0.00 $619.22 $110,997.53
98 $110,997.53 $862.20 $0.00 $627.60 $112,487.33
99 $112,487.33 $862.20 $0.00 $636.02 $113,985.55
100 $113,985.55 $862.20 $0.00 $644.49 $115,492.24
101 $115,492.24 $862.20 $0.00 $653.01 $117,007.45
102 $117,007.45 $862.20 $0.00 $661.58 $118,531.23
103 $118,531.23 $862.20 $0.00 $670.19 $120,063.62
104 $120,063.62 $862.20 $0.00 $678.86 $121,604.68
105 $121,604.68 $862.20 $0.00 $687.57 $123,154.45
106 $123,154.45 $862.20 $0.00 $696.33 $124,712.98
107 $124,712.98 $862.20 $0.00 $705.15 $126,280.33
108 $126,280.33 $862.20 $0.00 $714.01 $127,856.54
109 $127,856.54 $862.20 $0.00 $722.92 $129,441.66
110 $129,441.66 $862.20 $0.00 $731.88 $131,035.74
111 $131,035.74 $862.20 $0.00 $740.90 $132,638.84
112 $132,638.84 $862.20 $0.00 $749.96 $134,251.00
113 $134,251.00 $862.20 $0.00 $759.07 $135,872.27
114 $135,872.27 $862.20 $0.00 $768.24 $137,502.71
115 $137,502.71 $862.20 $0.00 $777.46 $139,142.37
116 $139,142.37 $862.20 $0.00 $786.73 $140,791.30
117 $140,791.30 $862.20 $0.00 $796.05 $142,449.55
118 $142,449.55 $862.20 $0.00 $805.43 $144,117.18
119 $144,117.18 $862.20 $0.00 $814.86 $145,794.24
120 $145,794.24 $862.20 $0.00 $824.34 $147,480.78
121 $147,480.78 $862.20 $0.00 $833.88 $149,176.86
122 $149,176.86 $862.20 $0.00 $843.47 $150,882.53
123 $150,882.53 $862.20 $0.00 $853.11 $152,597.84
124 $152,597.84 $862.20 $0.00 $862.81 $154,322.85
125 $154,322.85 $862.20 $0.00 $872.56 $156,057.61
126 $156,057.61 $862.20 $0.00 $882.37 $157,802.18
127 $157,802.18 $862.20 $0.00 $892.24 $159,556.62
128 $159,556.62 $862.20 $0.00 $902.16 $161,320.98
129 $161,320.98 $862.20 $0.00 $912.13 $163,095.31
130 $163,095.31 $862.20 $0.00 $922.16 $164,879.67
131 $164,879.67 $862.20 $0.00 $932.25 $166,674.12
132 $166,674.12 $862.20 $0.00 $942.40 $168,478.72
133 $168,478.72 $862.20 $0.00 $952.60 $170,293.52
134 $170,293.52 $862.20 $0.00 $962.86 $172,118.58
135 $172,118.58 $862.20 $0.00 $973.18 $173,953.96
136 $173,953.96 $862.20 $0.00 $983.56 $175,799.72
137 $175,799.72 $862.20 $0.00 $994.00 $177,655.92
138 $177,655.92 $862.20 $0.00 $1,004.49 $179,522.61
139 $179,522.61 $862.20 $0.00 $1,015.05 $181,399.86
140 $181,399.86 $862.20 $0.00 $1,025.66 $183,287.72
141 $183,287.72 $862.20 $0.00 $1,036.34 $185,186.26
142 $185,186.26 $862.20 $0.00 $1,047.07 $187,095.53
143 $187,095.53 $862.20 $0.00 $1,057.87 $189,015.60
144 $189,015.60 $862.20 $0.00 $1,068.72 $190,946.52
145 $190,946.52 $862.20 $0.00 $1,079.64 $192,888.36
146 $192,888.36 $862.20 $0.00 $1,090.62 $194,841.18
147 $194,841.18 $862.20 $0.00 $1,101.66 $196,805.04
148 $196,805.04 $862.20 $0.00 $1,112.76 $198,780.00
149 $198,780.00 $862.20 $0.00 $1,123.93 $200,766.13
150 $200,766.13 $862.20 $0.00 $1,135.16 $202,763.49
151 $202,763.49 $862.20 $0.00 $1,146.45 $204,772.14
152 $204,772.14 $862.20 $0.00 $1,157.81 $206,792.15
153 $206,792.15 $862.20 $0.00 $1,169.23 $208,823.58
154 $208,823.58 $862.20 $0.00 $1,180.72 $210,866.50
155 $210,866.50 $862.20 $0.00 $1,192.27 $212,920.97
156 $212,920.97 $862.20 $0.00 $1,203.89 $214,987.06
157 $214,987.06 $862.20 $0.00 $1,215.57 $217,064.83
158 $217,064.83 $862.20 $0.00 $1,227.32 $219,154.35
159 $219,154.35 $862.20 $0.00 $1,239.13 $221,255.68
160 $221,255.68 $862.20 $0.00 $1,251.01 $223,368.89
161 $223,368.89 $862.20 $0.00 $1,262.96 $225,494.05
162 $225,494.05 $862.20 $0.00 $1,274.98 $227,631.23
163 $227,631.23 $862.20 $0.00 $1,287.06 $229,780.49
164 $229,780.49 $862.20 $0.00 $1,299.21 $231,941.90
165 $231,941.90 $862.20 $0.00 $1,311.43 $234,115.53
166 $234,115.53 $862.20 $0.00 $1,323.72 $236,301.45
167 $236,301.45 $862.20 $0.00 $1,336.08 $238,499.73
168 $238,499.73 $862.20 $0.00 $1,348.51 $240,710.44
169 $240,710.44 $862.20 $0.00 $1,361.01 $242,933.65
170 $242,933.65 $862.20 $0.00 $1,373.58 $245,169.43
171 $245,169.43 $862.20 $0.00 $1,386.22 $247,417.85
172 $247,417.85 $862.20 $0.00 $1,398.94 $249,678.99
173 $249,678.99 $862.20 $0.00 $1,411.72 $251,952.91
174 $251,952.91 $862.20 $0.00 $1,424.58 $254,239.69
175 $254,239.69 $862.20 $0.00 $1,437.51 $256,539.40
176 $256,539.40 $862.20 $0.00 $1,450.51 $258,852.11
177 $258,852.11 $862.20 $0.00 $1,463.59 $261,177.90
178 $261,177.90 $862.20 $0.00 $1,476.74 $263,516.84
179 $263,516.84 $862.20 $0.00 $1,489.96 $265,869.00
180 $265,869.00 $862.20 $0.00 $1,503.26 $268,234.46
181 $268,234.46 $862.20 $0.00 $1,516.64 $270,613.30
182 $270,613.30 $862.20 $0.00 $1,530.09 $273,005.59
183 $273,005.59 $862.20 $0.00 $1,543.61 $275,411.40
184 $275,411.40 $862.20 $0.00 $1,557.22 $277,830.82
185 $277,830.82 $862.20 $0.00 $1,570.90 $280,263.92
186 $280,263.92 $862.20 $0.00 $1,584.65 $282,710.77
187 $282,710.77 $862.20 $0.00 $1,598.49 $285,171.46
188 $285,171.46 $862.20 $0.00 $1,612.40 $287,646.06
189 $287,646.06 $862.20 $0.00 $1,626.39 $290,134.65
190 $290,134.65 $862.20 $0.00 $1,640.46 $292,637.31
191 $292,637.31 $862.20 $0.00 $1,654.61 $295,154.12
192 $295,154.12 $862.20 $0.00 $1,668.84 $297,685.16
193 $297,685.16 $862.20 $0.00 $1,683.16 $300,230.52
194 $300,230.52 $862.20 $0.00 $1,697.55 $302,790.27
195 $302,790.27 $862.20 $0.00 $1,712.02 $305,364.49
196 $305,364.49 $862.20 $0.00 $1,726.58 $307,953.27
197 $307,953.27 $862.20 $0.00 $1,741.21 $310,556.68
198 $310,556.68 $862.20 $0.00 $1,755.93 $313,174.81
199 $313,174.81 $862.20 $0.00 $1,770.74 $315,807.75
200 $315,807.75 $862.20 $0.00 $1,785.62 $318,455.57
201 $318,455.57 $862.20 $0.00 $1,800.59 $321,118.36
202 $321,118.36 $862.20 $0.00 $1,815.65 $323,796.21
203 $323,796.21 $862.20 $0.00 $1,830.79 $326,489.20
204 $326,489.20 $862.20 $0.00 $1,846.02 $329,197.42
205 $329,197.42 $862.20 $0.00 $1,861.33 $331,920.95
206 $331,920.95 $862.20 $0.00 $1,876.73 $334,659.88
207 $334,659.88 $862.20 $0.00 $1,892.22 $337,414.30
208 $337,414.30 $862.20 $0.00 $1,907.79 $340,184.29
209 $340,184.29 $862.20 $0.00 $1,923.45 $342,969.94
210 $342,969.94 $862.20 $0.00 $1,939.20 $345,771.34
211 $345,771.34 $862.20 $0.00 $1,955.04 $348,588.58
212 $348,588.58 $862.20 $0.00 $1,970.97 $351,421.75
213 $351,421.75 $862.20 $0.00 $1,986.99 $354,270.94
214 $354,270.94 $862.20 $0.00 $2,003.10 $357,136.24
215 $357,136.24 $862.20 $0.00 $2,019.30 $360,017.74
216 $360,017.74 $862.20 $0.00 $2,035.59 $362,915.53
217 $362,915.53 $862.20 $101,082.82 $2,051.98 $264,746.89
218 $264,746.89 $862.20 $0.00 $1,496.92 $267,106.01
219 $267,106.01 $862.20 $0.00 $1,510.26 $269,478.47
220 $269,478.47 $862.20 $0.00 $1,523.67 $271,864.34
221 $271,864.34 $862.20 $0.00 $1,537.16 $274,263.70
222 $274,263.70 $862.20 $0.00 $1,550.73 $276,676.63
223 $276,676.63 $862.20 $0.00 $1,564.37 $279,103.20
224 $279,103.20 $862.20 $0.00 $1,578.09 $281,543.49
225 $281,543.49 $862.20 $0.00 $1,591.89 $283,997.58
226 $283,997.58 $862.20 $0.00 $1,605.76 $286,465.54
227 $286,465.54 $862.20 $0.00 $1,619.72 $288,947.46
228 $288,947.46 $862.20 $0.00 $1,633.75 $291,443.41
229 $291,443.41 $862.20 $106,136.96 $1,647.86 $187,816.51
230 $187,816.51 $862.20 $0.00 $1,061.94 $189,740.65
231 $189,740.65 $862.20 $0.00 $1,072.82 $191,675.67
232 $191,675.67 $862.20 $0.00 $1,083.76 $193,621.63
233 $193,621.63 $862.20 $0.00 $1,094.76 $195,578.59
234 $195,578.59 $862.20 $0.00 $1,105.83 $197,546.62
235 $197,546.62 $862.20 $0.00 $1,116.96 $199,525.78
236 $199,525.78 $862.20 $0.00 $1,128.15 $201,516.13
237 $201,516.13 $862.20 $0.00 $1,139.40 $203,517.73
238 $203,517.73 $862.20 $0.00 $1,150.72 $205,530.65
239 $205,530.65 $862.20 $0.00 $1,162.10 $207,554.95
240 $207,554.95 $862.20 $0.00 $1,173.55 $209,590.70
241 $209,590.70 $862.20 $111,443.81 $1,185.06 $100,194.15
242 $100,194.15 $862.20 $0.00 $566.51 $101,622.86
243 $101,622.86 $862.20 $0.00 $574.59 $103,059.65
244 $103,059.65 $862.20 $0.00 $582.71 $104,504.56
245 $104,504.56 $862.20 $0.00 $590.88 $105,957.64
246 $105,957.64 $862.20 $0.00 $599.10 $107,418.94
247 $107,418.94 $862.20 $0.00 $607.36 $108,888.50
248 $108,888.50 $862.20 $0.00 $615.67 $110,366.37
249 $110,366.37 $862.20 $0.00 $624.03 $111,852.60
250 $111,852.60 $862.20 $0.00 $632.43 $113,347.23
251 $113,347.23 $862.20 $0.00 $640.88 $114,850.31
252 $114,850.31 $862.20 $0.00 $649.38 $116,361.89
253 $116,361.89 $0.00 $117,016.00 $657.93 $3.82