Savings Plan and Future Cost Estimation for Marian University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$134,764
Monthly savings required$1,067

How much will it cost to send your child to Marian University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $539,055.22 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,066.77 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$51,968.00
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 $1,066.77 $0.00 $0.00 $1,066.77
2 $1,066.77 $1,066.77 $0.00 $6.03 $2,139.57
3 $2,139.57 $1,066.77 $0.00 $12.10 $3,218.44
4 $3,218.44 $1,066.77 $0.00 $18.20 $4,303.41
5 $4,303.41 $1,066.77 $0.00 $24.33 $5,394.51
6 $5,394.51 $1,066.77 $0.00 $30.50 $6,491.78
7 $6,491.78 $1,066.77 $0.00 $36.71 $7,595.26
8 $7,595.26 $1,066.77 $0.00 $42.94 $8,704.97
9 $8,704.97 $1,066.77 $0.00 $49.22 $9,820.96
10 $9,820.96 $1,066.77 $0.00 $55.53 $10,943.26
11 $10,943.26 $1,066.77 $0.00 $61.87 $12,071.90
12 $12,071.90 $1,066.77 $0.00 $68.26 $13,206.93
13 $13,206.93 $1,066.77 $0.00 $74.67 $14,348.37
14 $14,348.37 $1,066.77 $0.00 $81.13 $15,496.27
15 $15,496.27 $1,066.77 $0.00 $87.62 $16,650.66
16 $16,650.66 $1,066.77 $0.00 $94.15 $17,811.58
17 $17,811.58 $1,066.77 $0.00 $100.71 $18,979.06
18 $18,979.06 $1,066.77 $0.00 $107.31 $20,153.14
19 $20,153.14 $1,066.77 $0.00 $113.95 $21,333.86
20 $21,333.86 $1,066.77 $0.00 $120.62 $22,521.25
21 $22,521.25 $1,066.77 $0.00 $127.34 $23,715.36
22 $23,715.36 $1,066.77 $0.00 $134.09 $24,916.22
23 $24,916.22 $1,066.77 $0.00 $140.88 $26,123.87
24 $26,123.87 $1,066.77 $0.00 $147.71 $27,338.35
25 $27,338.35 $1,066.77 $0.00 $154.58 $28,559.70
26 $28,559.70 $1,066.77 $0.00 $161.48 $29,787.95
27 $29,787.95 $1,066.77 $0.00 $168.43 $31,023.15
28 $31,023.15 $1,066.77 $0.00 $175.41 $32,265.33
29 $32,265.33 $1,066.77 $0.00 $182.43 $33,514.53
30 $33,514.53 $1,066.77 $0.00 $189.50 $34,770.80
31 $34,770.80 $1,066.77 $0.00 $196.60 $36,034.17
32 $36,034.17 $1,066.77 $0.00 $203.74 $37,304.68
33 $37,304.68 $1,066.77 $0.00 $210.93 $38,582.38
34 $38,582.38 $1,066.77 $0.00 $218.15 $39,867.30
35 $39,867.30 $1,066.77 $0.00 $225.42 $41,159.49
36 $41,159.49 $1,066.77 $0.00 $232.72 $42,458.98
37 $42,458.98 $1,066.77 $0.00 $240.07 $43,765.82
38 $43,765.82 $1,066.77 $0.00 $247.46 $45,080.05
39 $45,080.05 $1,066.77 $0.00 $254.89 $46,401.71
40 $46,401.71 $1,066.77 $0.00 $262.36 $47,730.84
41 $47,730.84 $1,066.77 $0.00 $269.88 $49,067.49
42 $49,067.49 $1,066.77 $0.00 $277.43 $50,411.69
43 $50,411.69 $1,066.77 $0.00 $285.04 $51,763.50
44 $51,763.50 $1,066.77 $0.00 $292.68 $53,122.95
45 $53,122.95 $1,066.77 $0.00 $300.36 $54,490.08
46 $54,490.08 $1,066.77 $0.00 $308.09 $55,864.94
47 $55,864.94 $1,066.77 $0.00 $315.87 $57,247.58
48 $57,247.58 $1,066.77 $0.00 $323.69 $58,638.04
49 $58,638.04 $1,066.77 $0.00 $331.55 $60,036.36
50 $60,036.36 $1,066.77 $0.00 $339.45 $61,442.58
51 $61,442.58 $1,066.77 $0.00 $347.41 $62,856.76
52 $62,856.76 $1,066.77 $0.00 $355.40 $64,278.93
53 $64,278.93 $1,066.77 $0.00 $363.44 $65,709.14
54 $65,709.14 $1,066.77 $0.00 $371.53 $67,147.44
55 $67,147.44 $1,066.77 $0.00 $379.66 $68,593.87
56 $68,593.87 $1,066.77 $0.00 $387.84 $70,048.48
57 $70,048.48 $1,066.77 $0.00 $396.06 $71,511.31
58 $71,511.31 $1,066.77 $0.00 $404.34 $72,982.42
59 $72,982.42 $1,066.77 $0.00 $412.65 $74,461.84
60 $74,461.84 $1,066.77 $0.00 $421.02 $75,949.63
61 $75,949.63 $1,066.77 $0.00 $429.43 $77,445.83
62 $77,445.83 $1,066.77 $0.00 $437.89 $78,950.49
63 $78,950.49 $1,066.77 $0.00 $446.40 $80,463.66
64 $80,463.66 $1,066.77 $0.00 $454.95 $81,985.38
65 $81,985.38 $1,066.77 $0.00 $463.56 $83,515.71
66 $83,515.71 $1,066.77 $0.00 $472.21 $85,054.69
67 $85,054.69 $1,066.77 $0.00 $480.91 $86,602.37
68 $86,602.37 $1,066.77 $0.00 $489.66 $88,158.80
69 $88,158.80 $1,066.77 $0.00 $498.46 $89,724.03
70 $89,724.03 $1,066.77 $0.00 $507.31 $91,298.11
71 $91,298.11 $1,066.77 $0.00 $516.21 $92,881.09
72 $92,881.09 $1,066.77 $0.00 $525.16 $94,473.02
73 $94,473.02 $1,066.77 $0.00 $534.16 $96,073.95
74 $96,073.95 $1,066.77 $0.00 $543.22 $97,683.94
75 $97,683.94 $1,066.77 $0.00 $552.32 $99,303.03
76 $99,303.03 $1,066.77 $0.00 $561.47 $100,931.27
77 $100,931.27 $1,066.77 $0.00 $570.68 $102,568.72
78 $102,568.72 $1,066.77 $0.00 $579.94 $104,215.43
79 $104,215.43 $1,066.77 $0.00 $589.25 $105,871.45
80 $105,871.45 $1,066.77 $0.00 $598.61 $107,536.83
81 $107,536.83 $1,066.77 $0.00 $608.03 $109,211.63
82 $109,211.63 $1,066.77 $0.00 $617.50 $110,895.90
83 $110,895.90 $1,066.77 $0.00 $627.02 $112,589.69
84 $112,589.69 $1,066.77 $0.00 $636.60 $114,293.06
85 $114,293.06 $1,066.77 $0.00 $646.23 $116,006.06
86 $116,006.06 $1,066.77 $0.00 $655.92 $117,728.75
87 $117,728.75 $1,066.77 $0.00 $665.66 $119,461.18
88 $119,461.18 $1,066.77 $0.00 $675.45 $121,203.40
89 $121,203.40 $1,066.77 $0.00 $685.30 $122,955.47
90 $122,955.47 $1,066.77 $0.00 $695.21 $124,717.45
91 $124,717.45 $1,066.77 $0.00 $705.17 $126,489.39
92 $126,489.39 $1,066.77 $0.00 $715.19 $128,271.35
93 $128,271.35 $1,066.77 $0.00 $725.26 $130,063.38
94 $130,063.38 $1,066.77 $0.00 $735.40 $131,865.55
95 $131,865.55 $1,066.77 $0.00 $745.59 $133,677.91
96 $133,677.91 $1,066.77 $0.00 $755.83 $135,500.51
97 $135,500.51 $1,066.77 $0.00 $766.14 $137,333.42
98 $137,333.42 $1,066.77 $0.00 $776.50 $139,176.69
99 $139,176.69 $1,066.77 $0.00 $786.93 $141,030.39
100 $141,030.39 $1,066.77 $0.00 $797.41 $142,894.57
101 $142,894.57 $1,066.77 $0.00 $807.95 $144,769.29
102 $144,769.29 $1,066.77 $0.00 $818.55 $146,654.61
103 $146,654.61 $1,066.77 $0.00 $829.21 $148,550.59
104 $148,550.59 $1,066.77 $0.00 $839.93 $150,457.29
105 $150,457.29 $1,066.77 $0.00 $850.71 $152,374.77
106 $152,374.77 $1,066.77 $0.00 $861.55 $154,303.09
107 $154,303.09 $1,066.77 $0.00 $872.45 $156,242.31
108 $156,242.31 $1,066.77 $0.00 $883.42 $158,192.50
109 $158,192.50 $1,066.77 $0.00 $894.44 $160,153.71
110 $160,153.71 $1,066.77 $0.00 $905.53 $162,126.01
111 $162,126.01 $1,066.77 $0.00 $916.68 $164,109.46
112 $164,109.46 $1,066.77 $0.00 $927.90 $166,104.13
113 $166,104.13 $1,066.77 $0.00 $939.18 $168,110.08
114 $168,110.08 $1,066.77 $0.00 $950.52 $170,127.37
115 $170,127.37 $1,066.77 $0.00 $961.92 $172,156.06
116 $172,156.06 $1,066.77 $0.00 $973.40 $174,196.23
117 $174,196.23 $1,066.77 $0.00 $984.93 $176,247.93
118 $176,247.93 $1,066.77 $0.00 $996.53 $178,311.23
119 $178,311.23 $1,066.77 $0.00 $1,008.20 $180,386.20
120 $180,386.20 $1,066.77 $0.00 $1,019.93 $182,472.90
121 $182,472.90 $1,066.77 $0.00 $1,031.73 $184,571.40
122 $184,571.40 $1,066.77 $0.00 $1,043.59 $186,681.76
123 $186,681.76 $1,066.77 $0.00 $1,055.53 $188,804.06
124 $188,804.06 $1,066.77 $0.00 $1,067.53 $190,938.36
125 $190,938.36 $1,066.77 $0.00 $1,079.59 $193,084.72
126 $193,084.72 $1,066.77 $0.00 $1,091.73 $195,243.22
127 $195,243.22 $1,066.77 $0.00 $1,103.93 $197,413.92
128 $197,413.92 $1,066.77 $0.00 $1,116.21 $199,596.90
129 $199,596.90 $1,066.77 $0.00 $1,128.55 $201,792.22
130 $201,792.22 $1,066.77 $0.00 $1,140.96 $203,999.95
131 $203,999.95 $1,066.77 $0.00 $1,153.45 $206,220.17
132 $206,220.17 $1,066.77 $0.00 $1,166.00 $208,452.94
133 $208,452.94 $1,066.77 $0.00 $1,178.62 $210,698.33
134 $210,698.33 $1,066.77 $0.00 $1,191.32 $212,956.42
135 $212,956.42 $1,066.77 $0.00 $1,204.09 $215,227.28
136 $215,227.28 $1,066.77 $0.00 $1,216.93 $217,510.98
137 $217,510.98 $1,066.77 $0.00 $1,229.84 $219,807.59
138 $219,807.59 $1,066.77 $0.00 $1,242.82 $222,117.18
139 $222,117.18 $1,066.77 $0.00 $1,255.88 $224,439.83
140 $224,439.83 $1,066.77 $0.00 $1,269.02 $226,775.62
141 $226,775.62 $1,066.77 $0.00 $1,282.22 $229,124.61
142 $229,124.61 $1,066.77 $0.00 $1,295.50 $231,486.88
143 $231,486.88 $1,066.77 $0.00 $1,308.86 $233,862.51
144 $233,862.51 $1,066.77 $0.00 $1,322.29 $236,251.57
145 $236,251.57 $1,066.77 $0.00 $1,335.80 $238,654.14
146 $238,654.14 $1,066.77 $0.00 $1,349.39 $241,070.30
147 $241,070.30 $1,066.77 $0.00 $1,363.05 $243,500.12
148 $243,500.12 $1,066.77 $0.00 $1,376.79 $245,943.68
149 $245,943.68 $1,066.77 $0.00 $1,390.60 $248,401.05
150 $248,401.05 $1,066.77 $0.00 $1,404.50 $250,872.32
151 $250,872.32 $1,066.77 $0.00 $1,418.47 $253,357.56
152 $253,357.56 $1,066.77 $0.00 $1,432.52 $255,856.85
153 $255,856.85 $1,066.77 $0.00 $1,446.65 $258,370.27
154 $258,370.27 $1,066.77 $0.00 $1,460.86 $260,897.90
155 $260,897.90 $1,066.77 $0.00 $1,475.15 $263,439.82
156 $263,439.82 $1,066.77 $0.00 $1,489.53 $265,996.12
157 $265,996.12 $1,066.77 $0.00 $1,503.98 $268,566.87
158 $268,566.87 $1,066.77 $0.00 $1,518.52 $271,152.16
159 $271,152.16 $1,066.77 $0.00 $1,533.13 $273,752.06
160 $273,752.06 $1,066.77 $0.00 $1,547.83 $276,366.66
161 $276,366.66 $1,066.77 $0.00 $1,562.62 $278,996.05
162 $278,996.05 $1,066.77 $0.00 $1,577.48 $281,640.30
163 $281,640.30 $1,066.77 $0.00 $1,592.44 $284,299.51
164 $284,299.51 $1,066.77 $0.00 $1,607.47 $286,973.75
165 $286,973.75 $1,066.77 $0.00 $1,622.59 $289,663.11
166 $289,663.11 $1,066.77 $0.00 $1,637.80 $292,367.68
167 $292,367.68 $1,066.77 $0.00 $1,653.09 $295,087.54
168 $295,087.54 $1,066.77 $0.00 $1,668.47 $297,822.78
169 $297,822.78 $1,066.77 $0.00 $1,683.93 $300,573.48
170 $300,573.48 $1,066.77 $0.00 $1,699.49 $303,339.74
171 $303,339.74 $1,066.77 $0.00 $1,715.13 $306,121.64
172 $306,121.64 $1,066.77 $0.00 $1,730.86 $308,919.27
173 $308,919.27 $1,066.77 $0.00 $1,746.67 $311,732.71
174 $311,732.71 $1,066.77 $0.00 $1,762.58 $314,562.06
175 $314,562.06 $1,066.77 $0.00 $1,778.58 $317,407.41
176 $317,407.41 $1,066.77 $0.00 $1,794.67 $320,268.85
177 $320,268.85 $1,066.77 $0.00 $1,810.85 $323,146.47
178 $323,146.47 $1,066.77 $0.00 $1,827.12 $326,040.36
179 $326,040.36 $1,066.77 $0.00 $1,843.48 $328,950.61
180 $328,950.61 $1,066.77 $0.00 $1,859.93 $331,877.31
181 $331,877.31 $1,066.77 $0.00 $1,876.48 $334,820.56
182 $334,820.56 $1,066.77 $0.00 $1,893.12 $337,780.45
183 $337,780.45 $1,066.77 $0.00 $1,909.86 $340,757.08
184 $340,757.08 $1,066.77 $0.00 $1,926.69 $343,750.54
185 $343,750.54 $1,066.77 $0.00 $1,943.62 $346,760.93
186 $346,760.93 $1,066.77 $0.00 $1,960.64 $349,788.34
187 $349,788.34 $1,066.77 $0.00 $1,977.75 $352,832.86
188 $352,832.86 $1,066.77 $0.00 $1,994.97 $355,894.60
189 $355,894.60 $1,066.77 $0.00 $2,012.28 $358,973.65
190 $358,973.65 $1,066.77 $0.00 $2,029.69 $362,070.11
191 $362,070.11 $1,066.77 $0.00 $2,047.20 $365,184.08
192 $365,184.08 $1,066.77 $0.00 $2,064.80 $368,315.65
193 $368,315.65 $1,066.77 $0.00 $2,082.51 $371,464.93
194 $371,464.93 $1,066.77 $0.00 $2,100.32 $374,632.02
195 $374,632.02 $1,066.77 $0.00 $2,118.22 $377,817.01
196 $377,817.01 $1,066.77 $0.00 $2,136.23 $381,020.01
197 $381,020.01 $1,066.77 $0.00 $2,154.34 $384,241.12
198 $384,241.12 $1,066.77 $0.00 $2,172.56 $387,480.45
199 $387,480.45 $1,066.77 $0.00 $2,190.87 $390,738.09
200 $390,738.09 $1,066.77 $0.00 $2,209.29 $394,014.15
201 $394,014.15 $1,066.77 $0.00 $2,227.81 $397,308.73
202 $397,308.73 $1,066.77 $0.00 $2,246.44 $400,621.94
203 $400,621.94 $1,066.77 $0.00 $2,265.17 $403,953.88
204 $403,953.88 $1,066.77 $0.00 $2,284.01 $407,304.66
205 $407,304.66 $1,066.77 $0.00 $2,302.96 $410,674.39
206 $410,674.39 $1,066.77 $0.00 $2,322.01 $414,063.17
207 $414,063.17 $1,066.77 $0.00 $2,341.17 $417,471.11
208 $417,471.11 $1,066.77 $0.00 $2,360.44 $420,898.32
209 $420,898.32 $1,066.77 $0.00 $2,379.82 $424,344.91
210 $424,344.91 $1,066.77 $0.00 $2,399.31 $427,810.99
211 $427,810.99 $1,066.77 $0.00 $2,418.91 $431,296.67
212 $431,296.67 $1,066.77 $0.00 $2,438.61 $434,802.05
213 $434,802.05 $1,066.77 $0.00 $2,458.43 $438,327.25
214 $438,327.25 $1,066.77 $0.00 $2,478.37 $441,872.39
215 $441,872.39 $1,066.77 $0.00 $2,498.41 $445,437.57
216 $445,437.57 $1,066.77 $0.00 $2,518.57 $449,022.91
217 $449,022.91 $1,066.77 $125,067.19 $2,538.84 $327,561.33
218 $327,561.33 $1,066.77 $0.00 $1,852.08 $330,480.18
219 $330,480.18 $1,066.77 $0.00 $1,868.58 $333,415.53
220 $333,415.53 $1,066.77 $0.00 $1,885.18 $336,367.48
221 $336,367.48 $1,066.77 $0.00 $1,901.87 $339,336.12
222 $339,336.12 $1,066.77 $0.00 $1,918.66 $342,321.55
223 $342,321.55 $1,066.77 $0.00 $1,935.54 $345,323.86
224 $345,323.86 $1,066.77 $0.00 $1,952.51 $348,343.14
225 $348,343.14 $1,066.77 $0.00 $1,969.58 $351,379.49
226 $351,379.49 $1,066.77 $0.00 $1,986.75 $354,433.01
227 $354,433.01 $1,066.77 $0.00 $2,004.02 $357,503.80
228 $357,503.80 $1,066.77 $0.00 $2,021.38 $360,591.95
229 $360,591.95 $1,066.77 $131,320.55 $2,038.84 $232,377.01
230 $232,377.01 $1,066.77 $0.00 $1,313.89 $234,757.67
231 $234,757.67 $1,066.77 $0.00 $1,327.35 $237,151.79
232 $237,151.79 $1,066.77 $0.00 $1,340.89 $239,559.45
233 $239,559.45 $1,066.77 $0.00 $1,354.50 $241,980.72
234 $241,980.72 $1,066.77 $0.00 $1,368.19 $244,415.68
235 $244,415.68 $1,066.77 $0.00 $1,381.96 $246,864.41
236 $246,864.41 $1,066.77 $0.00 $1,395.81 $249,326.99
237 $249,326.99 $1,066.77 $0.00 $1,409.73 $251,803.49
238 $251,803.49 $1,066.77 $0.00 $1,423.73 $254,293.99
239 $254,293.99 $1,066.77 $0.00 $1,437.82 $256,798.58
240 $256,798.58 $1,066.77 $0.00 $1,451.98 $259,317.33
241 $259,317.33 $1,066.77 $137,886.58 $1,466.22 $123,963.74
242 $123,963.74 $1,066.77 $0.00 $700.91 $125,731.42
243 $125,731.42 $1,066.77 $0.00 $710.90 $127,509.09
244 $127,509.09 $1,066.77 $0.00 $720.95 $129,296.81
245 $129,296.81 $1,066.77 $0.00 $731.06 $131,094.64
246 $131,094.64 $1,066.77 $0.00 $741.23 $132,902.64
247 $132,902.64 $1,066.77 $0.00 $751.45 $134,720.86
248 $134,720.86 $1,066.77 $0.00 $761.73 $136,549.36
249 $136,549.36 $1,066.77 $0.00 $772.07 $138,388.20
250 $138,388.20 $1,066.77 $0.00 $782.47 $140,237.44
251 $140,237.44 $1,066.77 $0.00 $792.92 $142,097.13
252 $142,097.13 $1,066.77 $0.00 $803.44 $143,967.34
253 $143,967.34 $0.00 $144,780.90 $814.01 $0.45