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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$59,182
Monthly savings required$468

How much will it cost to send your child to Purdue University Main Campus in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $236,728.72 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $468.48 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$22,822.00
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 $468.48 $0.00 $0.00 $468.48
2 $468.48 $468.48 $0.00 $2.65 $939.61
3 $939.61 $468.48 $0.00 $5.31 $1,413.40
4 $1,413.40 $468.48 $0.00 $7.99 $1,889.87
5 $1,889.87 $468.48 $0.00 $10.69 $2,369.04
6 $2,369.04 $468.48 $0.00 $13.39 $2,850.91
7 $2,850.91 $468.48 $0.00 $16.12 $3,335.51
8 $3,335.51 $468.48 $0.00 $18.86 $3,822.85
9 $3,822.85 $468.48 $0.00 $21.61 $4,312.94
10 $4,312.94 $468.48 $0.00 $24.39 $4,805.81
11 $4,805.81 $468.48 $0.00 $27.17 $5,301.46
12 $5,301.46 $468.48 $0.00 $29.98 $5,799.92
13 $5,799.92 $468.48 $0.00 $32.79 $6,301.19
14 $6,301.19 $468.48 $0.00 $35.63 $6,805.30
15 $6,805.30 $468.48 $0.00 $38.48 $7,312.26
16 $7,312.26 $468.48 $0.00 $41.34 $7,822.08
17 $7,822.08 $468.48 $0.00 $44.23 $8,334.79
18 $8,334.79 $468.48 $0.00 $47.13 $8,850.40
19 $8,850.40 $468.48 $0.00 $50.04 $9,368.92
20 $9,368.92 $468.48 $0.00 $52.97 $9,890.37
21 $9,890.37 $468.48 $0.00 $55.92 $10,414.77
22 $10,414.77 $468.48 $0.00 $58.89 $10,942.14
23 $10,942.14 $468.48 $0.00 $61.87 $11,472.49
24 $11,472.49 $468.48 $0.00 $64.87 $12,005.84
25 $12,005.84 $468.48 $0.00 $67.88 $12,542.20
26 $12,542.20 $468.48 $0.00 $70.92 $13,081.60
27 $13,081.60 $468.48 $0.00 $73.97 $13,624.05
28 $13,624.05 $468.48 $0.00 $77.03 $14,169.56
29 $14,169.56 $468.48 $0.00 $80.12 $14,718.16
30 $14,718.16 $468.48 $0.00 $83.22 $15,269.86
31 $15,269.86 $468.48 $0.00 $86.34 $15,824.68
32 $15,824.68 $468.48 $0.00 $89.48 $16,382.64
33 $16,382.64 $468.48 $0.00 $92.63 $16,943.75
34 $16,943.75 $468.48 $0.00 $95.80 $17,508.03
35 $17,508.03 $468.48 $0.00 $98.99 $18,075.50
36 $18,075.50 $468.48 $0.00 $102.20 $18,646.18
37 $18,646.18 $468.48 $0.00 $105.43 $19,220.09
38 $19,220.09 $468.48 $0.00 $108.67 $19,797.24
39 $19,797.24 $468.48 $0.00 $111.94 $20,377.66
40 $20,377.66 $468.48 $0.00 $115.22 $20,961.36
41 $20,961.36 $468.48 $0.00 $118.52 $21,548.36
42 $21,548.36 $468.48 $0.00 $121.84 $22,138.68
43 $22,138.68 $468.48 $0.00 $125.18 $22,732.34
44 $22,732.34 $468.48 $0.00 $128.53 $23,329.35
45 $23,329.35 $468.48 $0.00 $131.91 $23,929.74
46 $23,929.74 $468.48 $0.00 $135.30 $24,533.52
47 $24,533.52 $468.48 $0.00 $138.72 $25,140.72
48 $25,140.72 $468.48 $0.00 $142.15 $25,751.35
49 $25,751.35 $468.48 $0.00 $145.60 $26,365.43
50 $26,365.43 $468.48 $0.00 $149.07 $26,982.98
51 $26,982.98 $468.48 $0.00 $152.57 $27,604.03
52 $27,604.03 $468.48 $0.00 $156.08 $28,228.59
53 $28,228.59 $468.48 $0.00 $159.61 $28,856.68
54 $28,856.68 $468.48 $0.00 $163.16 $29,488.32
55 $29,488.32 $468.48 $0.00 $166.73 $30,123.53
56 $30,123.53 $468.48 $0.00 $170.32 $30,762.33
57 $30,762.33 $468.48 $0.00 $173.93 $31,404.74
58 $31,404.74 $468.48 $0.00 $177.57 $32,050.79
59 $32,050.79 $468.48 $0.00 $181.22 $32,700.49
60 $32,700.49 $468.48 $0.00 $184.89 $33,353.86
61 $33,353.86 $468.48 $0.00 $188.59 $34,010.93
62 $34,010.93 $468.48 $0.00 $192.30 $34,671.71
63 $34,671.71 $468.48 $0.00 $196.04 $35,336.23
64 $35,336.23 $468.48 $0.00 $199.80 $36,004.51
65 $36,004.51 $468.48 $0.00 $203.57 $36,676.56
66 $36,676.56 $468.48 $0.00 $207.37 $37,352.41
67 $37,352.41 $468.48 $0.00 $211.20 $38,032.09
68 $38,032.09 $468.48 $0.00 $215.04 $38,715.61
69 $38,715.61 $468.48 $0.00 $218.90 $39,402.99
70 $39,402.99 $468.48 $0.00 $222.79 $40,094.26
71 $40,094.26 $468.48 $0.00 $226.70 $40,789.44
72 $40,789.44 $468.48 $0.00 $230.63 $41,488.55
73 $41,488.55 $468.48 $0.00 $234.58 $42,191.61
74 $42,191.61 $468.48 $0.00 $238.56 $42,898.65
75 $42,898.65 $468.48 $0.00 $242.56 $43,609.69
76 $43,609.69 $468.48 $0.00 $246.58 $44,324.75
77 $44,324.75 $468.48 $0.00 $250.62 $45,043.85
78 $45,043.85 $468.48 $0.00 $254.68 $45,767.01
79 $45,767.01 $468.48 $0.00 $258.77 $46,494.26
80 $46,494.26 $468.48 $0.00 $262.89 $47,225.63
81 $47,225.63 $468.48 $0.00 $267.02 $47,961.13
82 $47,961.13 $468.48 $0.00 $271.18 $48,700.79
83 $48,700.79 $468.48 $0.00 $275.36 $49,444.63
84 $49,444.63 $468.48 $0.00 $279.57 $50,192.68
85 $50,192.68 $468.48 $0.00 $283.80 $50,944.96
86 $50,944.96 $468.48 $0.00 $288.05 $51,701.49
87 $51,701.49 $468.48 $0.00 $292.33 $52,462.30
88 $52,462.30 $468.48 $0.00 $296.63 $53,227.41
89 $53,227.41 $468.48 $0.00 $300.96 $53,996.85
90 $53,996.85 $468.48 $0.00 $305.31 $54,770.64
91 $54,770.64 $468.48 $0.00 $309.68 $55,548.80
92 $55,548.80 $468.48 $0.00 $314.08 $56,331.36
93 $56,331.36 $468.48 $0.00 $318.51 $57,118.35
94 $57,118.35 $468.48 $0.00 $322.96 $57,909.79
95 $57,909.79 $468.48 $0.00 $327.43 $58,705.70
96 $58,705.70 $468.48 $0.00 $331.93 $59,506.11
97 $59,506.11 $468.48 $0.00 $336.46 $60,311.05
98 $60,311.05 $468.48 $0.00 $341.01 $61,120.54
99 $61,120.54 $468.48 $0.00 $345.58 $61,934.60
100 $61,934.60 $468.48 $0.00 $350.19 $62,753.27
101 $62,753.27 $468.48 $0.00 $354.82 $63,576.57
102 $63,576.57 $468.48 $0.00 $359.47 $64,404.52
103 $64,404.52 $468.48 $0.00 $364.15 $65,237.15
104 $65,237.15 $468.48 $0.00 $368.86 $66,074.49
105 $66,074.49 $468.48 $0.00 $373.59 $66,916.56
106 $66,916.56 $468.48 $0.00 $378.36 $67,763.40
107 $67,763.40 $468.48 $0.00 $383.14 $68,615.02
108 $68,615.02 $468.48 $0.00 $387.96 $69,471.46
109 $69,471.46 $468.48 $0.00 $392.80 $70,332.74
110 $70,332.74 $468.48 $0.00 $397.67 $71,198.89
111 $71,198.89 $468.48 $0.00 $402.57 $72,069.94
112 $72,069.94 $468.48 $0.00 $407.49 $72,945.91
113 $72,945.91 $468.48 $0.00 $412.45 $73,826.84
114 $73,826.84 $468.48 $0.00 $417.43 $74,712.75
115 $74,712.75 $468.48 $0.00 $422.44 $75,603.67
116 $75,603.67 $468.48 $0.00 $427.47 $76,499.62
117 $76,499.62 $468.48 $0.00 $432.54 $77,400.64
118 $77,400.64 $468.48 $0.00 $437.63 $78,306.75
119 $78,306.75 $468.48 $0.00 $442.76 $79,217.99
120 $79,217.99 $468.48 $0.00 $447.91 $80,134.38
121 $80,134.38 $468.48 $0.00 $453.09 $81,055.95
122 $81,055.95 $468.48 $0.00 $458.30 $81,982.73
123 $81,982.73 $468.48 $0.00 $463.54 $82,914.75
124 $82,914.75 $468.48 $0.00 $468.81 $83,852.04
125 $83,852.04 $468.48 $0.00 $474.11 $84,794.63
126 $84,794.63 $468.48 $0.00 $479.44 $85,742.55
127 $85,742.55 $468.48 $0.00 $484.80 $86,695.83
128 $86,695.83 $468.48 $0.00 $490.19 $87,654.50
129 $87,654.50 $468.48 $0.00 $495.61 $88,618.59
130 $88,618.59 $468.48 $0.00 $501.06 $89,588.13
131 $89,588.13 $468.48 $0.00 $506.54 $90,563.15
132 $90,563.15 $468.48 $0.00 $512.06 $91,543.69
133 $91,543.69 $468.48 $0.00 $517.60 $92,529.77
134 $92,529.77 $468.48 $0.00 $523.18 $93,521.43
135 $93,521.43 $468.48 $0.00 $528.78 $94,518.69
136 $94,518.69 $468.48 $0.00 $534.42 $95,521.59
137 $95,521.59 $468.48 $0.00 $540.09 $96,530.16
138 $96,530.16 $468.48 $0.00 $545.80 $97,544.44
139 $97,544.44 $468.48 $0.00 $551.53 $98,564.45
140 $98,564.45 $468.48 $0.00 $557.30 $99,590.23
141 $99,590.23 $468.48 $0.00 $563.10 $100,621.81
142 $100,621.81 $468.48 $0.00 $568.93 $101,659.22
143 $101,659.22 $468.48 $0.00 $574.80 $102,702.50
144 $102,702.50 $468.48 $0.00 $580.69 $103,751.67
145 $103,751.67 $468.48 $0.00 $586.63 $104,806.78
146 $104,806.78 $468.48 $0.00 $592.59 $105,867.85
147 $105,867.85 $468.48 $0.00 $598.59 $106,934.92
148 $106,934.92 $468.48 $0.00 $604.63 $108,008.03
149 $108,008.03 $468.48 $0.00 $610.69 $109,087.20
150 $109,087.20 $468.48 $0.00 $616.79 $110,172.47
151 $110,172.47 $468.48 $0.00 $622.93 $111,263.88
152 $111,263.88 $468.48 $0.00 $629.10 $112,361.46
153 $112,361.46 $468.48 $0.00 $635.31 $113,465.25
154 $113,465.25 $468.48 $0.00 $641.55 $114,575.28
155 $114,575.28 $468.48 $0.00 $647.83 $115,691.59
156 $115,691.59 $468.48 $0.00 $654.14 $116,814.21
157 $116,814.21 $468.48 $0.00 $660.48 $117,943.17
158 $117,943.17 $468.48 $0.00 $666.87 $119,078.52
159 $119,078.52 $468.48 $0.00 $673.29 $120,220.29
160 $120,220.29 $468.48 $0.00 $679.74 $121,368.51
161 $121,368.51 $468.48 $0.00 $686.24 $122,523.23
162 $122,523.23 $468.48 $0.00 $692.76 $123,684.47
163 $123,684.47 $468.48 $0.00 $699.33 $124,852.28
164 $124,852.28 $468.48 $0.00 $705.93 $126,026.69
165 $126,026.69 $468.48 $0.00 $712.57 $127,207.74
166 $127,207.74 $468.48 $0.00 $719.25 $128,395.47
167 $128,395.47 $468.48 $0.00 $725.97 $129,589.92
168 $129,589.92 $468.48 $0.00 $732.72 $130,791.12
169 $130,791.12 $468.48 $0.00 $739.51 $131,999.11
170 $131,999.11 $468.48 $0.00 $746.34 $133,213.93
171 $133,213.93 $468.48 $0.00 $753.21 $134,435.62
172 $134,435.62 $468.48 $0.00 $760.12 $135,664.22
173 $135,664.22 $468.48 $0.00 $767.07 $136,899.77
174 $136,899.77 $468.48 $0.00 $774.05 $138,142.30
175 $138,142.30 $468.48 $0.00 $781.08 $139,391.86
176 $139,391.86 $468.48 $0.00 $788.14 $140,648.48
177 $140,648.48 $468.48 $0.00 $795.25 $141,912.21
178 $141,912.21 $468.48 $0.00 $802.39 $143,183.08
179 $143,183.08 $468.48 $0.00 $809.58 $144,461.14
180 $144,461.14 $468.48 $0.00 $816.80 $145,746.42
181 $145,746.42 $468.48 $0.00 $824.07 $147,038.97
182 $147,038.97 $468.48 $0.00 $831.38 $148,338.83
183 $148,338.83 $468.48 $0.00 $838.73 $149,646.04
184 $149,646.04 $468.48 $0.00 $846.12 $150,960.64
185 $150,960.64 $468.48 $0.00 $853.55 $152,282.67
186 $152,282.67 $468.48 $0.00 $861.03 $153,612.18
187 $153,612.18 $468.48 $0.00 $868.55 $154,949.21
188 $154,949.21 $468.48 $0.00 $876.11 $156,293.80
189 $156,293.80 $468.48 $0.00 $883.71 $157,645.99
190 $157,645.99 $468.48 $0.00 $891.35 $159,005.82
191 $159,005.82 $468.48 $0.00 $899.04 $160,373.34
192 $160,373.34 $468.48 $0.00 $906.77 $161,748.59
193 $161,748.59 $468.48 $0.00 $914.55 $163,131.62
194 $163,131.62 $468.48 $0.00 $922.37 $164,522.47
195 $164,522.47 $468.48 $0.00 $930.23 $165,921.18
196 $165,921.18 $468.48 $0.00 $938.14 $167,327.80
197 $167,327.80 $468.48 $0.00 $946.10 $168,742.38
198 $168,742.38 $468.48 $0.00 $954.09 $170,164.95
199 $170,164.95 $468.48 $0.00 $962.14 $171,595.57
200 $171,595.57 $468.48 $0.00 $970.23 $173,034.28
201 $173,034.28 $468.48 $0.00 $978.36 $174,481.12
202 $174,481.12 $468.48 $0.00 $986.54 $175,936.14
203 $175,936.14 $468.48 $0.00 $994.77 $177,399.39
204 $177,399.39 $468.48 $0.00 $1,003.04 $178,870.91
205 $178,870.91 $468.48 $0.00 $1,011.36 $180,350.75
206 $180,350.75 $468.48 $0.00 $1,019.73 $181,838.96
207 $181,838.96 $468.48 $0.00 $1,028.14 $183,335.58
208 $183,335.58 $468.48 $0.00 $1,036.61 $184,840.67
209 $184,840.67 $468.48 $0.00 $1,045.12 $186,354.27
210 $186,354.27 $468.48 $0.00 $1,053.67 $187,876.42
211 $187,876.42 $468.48 $0.00 $1,062.28 $189,407.18
212 $189,407.18 $468.48 $0.00 $1,070.94 $190,946.60
213 $190,946.60 $468.48 $0.00 $1,079.64 $192,494.72
214 $192,494.72 $468.48 $0.00 $1,088.39 $194,051.59
215 $194,051.59 $468.48 $0.00 $1,097.20 $195,617.27
216 $195,617.27 $468.48 $0.00 $1,106.05 $197,191.80
217 $197,191.80 $468.48 $54,923.86 $1,114.95 $143,851.37
218 $143,851.37 $468.48 $0.00 $813.36 $145,133.21
219 $145,133.21 $468.48 $0.00 $820.60 $146,422.29
220 $146,422.29 $468.48 $0.00 $827.89 $147,718.66
221 $147,718.66 $468.48 $0.00 $835.22 $149,022.36
222 $149,022.36 $468.48 $0.00 $842.59 $150,333.43
223 $150,333.43 $468.48 $0.00 $850.01 $151,651.92
224 $151,651.92 $468.48 $0.00 $857.46 $152,977.86
225 $152,977.86 $468.48 $0.00 $864.96 $154,311.30
226 $154,311.30 $468.48 $0.00 $872.50 $155,652.28
227 $155,652.28 $468.48 $0.00 $880.08 $157,000.84
228 $157,000.84 $468.48 $0.00 $887.71 $158,357.03
229 $158,357.03 $468.48 $57,670.06 $895.37 $102,050.82
230 $102,050.82 $468.48 $0.00 $577.01 $103,096.31
231 $103,096.31 $468.48 $0.00 $582.92 $104,147.71
232 $104,147.71 $468.48 $0.00 $588.87 $105,205.06
233 $105,205.06 $468.48 $0.00 $594.84 $106,268.38
234 $106,268.38 $468.48 $0.00 $600.86 $107,337.72
235 $107,337.72 $468.48 $0.00 $606.90 $108,413.10
236 $108,413.10 $468.48 $0.00 $612.98 $109,494.56
237 $109,494.56 $468.48 $0.00 $619.10 $110,582.14
238 $110,582.14 $468.48 $0.00 $625.25 $111,675.87
239 $111,675.87 $468.48 $0.00 $631.43 $112,775.78
240 $112,775.78 $468.48 $0.00 $637.65 $113,881.91
241 $113,881.91 $468.48 $60,553.56 $643.90 $54,440.73
242 $54,440.73 $468.48 $0.00 $307.82 $55,217.03
243 $55,217.03 $468.48 $0.00 $312.21 $55,997.72
244 $55,997.72 $468.48 $0.00 $316.62 $56,782.82
245 $56,782.82 $468.48 $0.00 $321.06 $57,572.36
246 $57,572.36 $468.48 $0.00 $325.52 $58,366.36
247 $58,366.36 $468.48 $0.00 $330.01 $59,164.85
248 $59,164.85 $468.48 $0.00 $334.53 $59,967.86
249 $59,967.86 $468.48 $0.00 $339.07 $60,775.41
250 $60,775.41 $468.48 $0.00 $343.63 $61,587.52
251 $61,587.52 $468.48 $0.00 $348.22 $62,404.22
252 $62,404.22 $468.48 $0.00 $352.84 $63,225.54
253 $63,225.54 $0.00 $63,581.24 $357.49 $1.79