Savings Plan and Future Cost Estimation for University of Indianapolis

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$119,339
Monthly savings required$945

How much will it cost to send your child to University of Indianapolis in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $477,357.62 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $944.67 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$46,020.00
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 $944.67 $0.00 $0.00 $944.67
2 $944.67 $944.67 $0.00 $5.34 $1,894.68
3 $1,894.68 $944.67 $0.00 $10.71 $2,850.06
4 $2,850.06 $944.67 $0.00 $16.11 $3,810.84
5 $3,810.84 $944.67 $0.00 $21.55 $4,777.06
6 $4,777.06 $944.67 $0.00 $27.01 $5,748.74
7 $5,748.74 $944.67 $0.00 $32.50 $6,725.91
8 $6,725.91 $944.67 $0.00 $38.03 $7,708.61
9 $7,708.61 $944.67 $0.00 $43.59 $8,696.87
10 $8,696.87 $944.67 $0.00 $49.17 $9,690.71
11 $9,690.71 $944.67 $0.00 $54.79 $10,690.17
12 $10,690.17 $944.67 $0.00 $60.44 $11,695.28
13 $11,695.28 $944.67 $0.00 $66.13 $12,706.08
14 $12,706.08 $944.67 $0.00 $71.84 $13,722.59
15 $13,722.59 $944.67 $0.00 $77.59 $14,744.85
16 $14,744.85 $944.67 $0.00 $83.37 $15,772.89
17 $15,772.89 $944.67 $0.00 $89.18 $16,806.74
18 $16,806.74 $944.67 $0.00 $95.03 $17,846.44
19 $17,846.44 $944.67 $0.00 $100.91 $18,892.02
20 $18,892.02 $944.67 $0.00 $106.82 $19,943.51
21 $19,943.51 $944.67 $0.00 $112.76 $21,000.94
22 $21,000.94 $944.67 $0.00 $118.74 $22,064.35
23 $22,064.35 $944.67 $0.00 $124.76 $23,133.78
24 $23,133.78 $944.67 $0.00 $130.80 $24,209.25
25 $24,209.25 $944.67 $0.00 $136.88 $25,290.80
26 $25,290.80 $944.67 $0.00 $143.00 $26,378.47
27 $26,378.47 $944.67 $0.00 $149.15 $27,472.29
28 $27,472.29 $944.67 $0.00 $155.33 $28,572.29
29 $28,572.29 $944.67 $0.00 $161.55 $29,678.51
30 $29,678.51 $944.67 $0.00 $167.81 $30,790.99
31 $30,790.99 $944.67 $0.00 $174.10 $31,909.76
32 $31,909.76 $944.67 $0.00 $180.42 $33,034.85
33 $33,034.85 $944.67 $0.00 $186.78 $34,166.30
34 $34,166.30 $944.67 $0.00 $193.18 $35,304.15
35 $35,304.15 $944.67 $0.00 $199.61 $36,448.43
36 $36,448.43 $944.67 $0.00 $206.08 $37,599.18
37 $37,599.18 $944.67 $0.00 $212.59 $38,756.44
38 $38,756.44 $944.67 $0.00 $219.13 $39,920.24
39 $39,920.24 $944.67 $0.00 $225.71 $41,090.62
40 $41,090.62 $944.67 $0.00 $232.33 $42,267.62
41 $42,267.62 $944.67 $0.00 $238.99 $43,451.28
42 $43,451.28 $944.67 $0.00 $245.68 $44,641.63
43 $44,641.63 $944.67 $0.00 $252.41 $45,838.71
44 $45,838.71 $944.67 $0.00 $259.18 $47,042.56
45 $47,042.56 $944.67 $0.00 $265.99 $48,253.22
46 $48,253.22 $944.67 $0.00 $272.83 $49,470.72
47 $49,470.72 $944.67 $0.00 $279.71 $50,695.10
48 $50,695.10 $944.67 $0.00 $286.64 $51,926.41
49 $51,926.41 $944.67 $0.00 $293.60 $53,164.68
50 $53,164.68 $944.67 $0.00 $300.60 $54,409.95
51 $54,409.95 $944.67 $0.00 $307.64 $55,662.26
52 $55,662.26 $944.67 $0.00 $314.72 $56,921.65
53 $56,921.65 $944.67 $0.00 $321.84 $58,188.16
54 $58,188.16 $944.67 $0.00 $329.00 $59,461.83
55 $59,461.83 $944.67 $0.00 $336.21 $60,742.71
56 $60,742.71 $944.67 $0.00 $343.45 $62,030.83
57 $62,030.83 $944.67 $0.00 $350.73 $63,326.23
58 $63,326.23 $944.67 $0.00 $358.06 $64,628.96
59 $64,628.96 $944.67 $0.00 $365.42 $65,939.05
60 $65,939.05 $944.67 $0.00 $372.83 $67,256.55
61 $67,256.55 $944.67 $0.00 $380.28 $68,581.50
62 $68,581.50 $944.67 $0.00 $387.77 $69,913.94
63 $69,913.94 $944.67 $0.00 $395.30 $71,253.91
64 $71,253.91 $944.67 $0.00 $402.88 $72,601.46
65 $72,601.46 $944.67 $0.00 $410.50 $73,956.63
66 $73,956.63 $944.67 $0.00 $418.16 $75,319.46
67 $75,319.46 $944.67 $0.00 $425.87 $76,690.00
68 $76,690.00 $944.67 $0.00 $433.62 $78,068.29
69 $78,068.29 $944.67 $0.00 $441.41 $79,454.37
70 $79,454.37 $944.67 $0.00 $449.25 $80,848.29
71 $80,848.29 $944.67 $0.00 $457.13 $82,250.09
72 $82,250.09 $944.67 $0.00 $465.05 $83,659.81
73 $83,659.81 $944.67 $0.00 $473.02 $85,077.50
74 $85,077.50 $944.67 $0.00 $481.04 $86,503.21
75 $86,503.21 $944.67 $0.00 $489.10 $87,936.98
76 $87,936.98 $944.67 $0.00 $497.21 $89,378.86
77 $89,378.86 $944.67 $0.00 $505.36 $90,828.89
78 $90,828.89 $944.67 $0.00 $513.56 $92,287.12
79 $92,287.12 $944.67 $0.00 $521.80 $93,753.59
80 $93,753.59 $944.67 $0.00 $530.10 $95,228.36
81 $95,228.36 $944.67 $0.00 $538.43 $96,711.46
82 $96,711.46 $944.67 $0.00 $546.82 $98,202.95
83 $98,202.95 $944.67 $0.00 $555.25 $99,702.87
84 $99,702.87 $944.67 $0.00 $563.73 $101,211.27
85 $101,211.27 $944.67 $0.00 $572.26 $102,728.20
86 $102,728.20 $944.67 $0.00 $580.84 $104,253.71
87 $104,253.71 $944.67 $0.00 $589.47 $105,787.85
88 $105,787.85 $944.67 $0.00 $598.14 $107,330.66
89 $107,330.66 $944.67 $0.00 $606.86 $108,882.19
90 $108,882.19 $944.67 $0.00 $615.64 $110,442.50
91 $110,442.50 $944.67 $0.00 $624.46 $112,011.63
92 $112,011.63 $944.67 $0.00 $633.33 $113,589.63
93 $113,589.63 $944.67 $0.00 $642.25 $115,176.55
94 $115,176.55 $944.67 $0.00 $651.22 $116,772.44
95 $116,772.44 $944.67 $0.00 $660.25 $118,377.36
96 $118,377.36 $944.67 $0.00 $669.32 $119,991.35
97 $119,991.35 $944.67 $0.00 $678.45 $121,614.47
98 $121,614.47 $944.67 $0.00 $687.63 $123,246.77
99 $123,246.77 $944.67 $0.00 $696.86 $124,888.30
100 $124,888.30 $944.67 $0.00 $706.14 $126,539.11
101 $126,539.11 $944.67 $0.00 $715.47 $128,199.25
102 $128,199.25 $944.67 $0.00 $724.86 $129,868.78
103 $129,868.78 $944.67 $0.00 $734.30 $131,547.75
104 $131,547.75 $944.67 $0.00 $743.79 $133,236.21
105 $133,236.21 $944.67 $0.00 $753.34 $134,934.22
106 $134,934.22 $944.67 $0.00 $762.94 $136,641.83
107 $136,641.83 $944.67 $0.00 $772.59 $138,359.09
108 $138,359.09 $944.67 $0.00 $782.30 $140,086.06
109 $140,086.06 $944.67 $0.00 $792.07 $141,822.80
110 $141,822.80 $944.67 $0.00 $801.89 $143,569.36
111 $143,569.36 $944.67 $0.00 $811.76 $145,325.79
112 $145,325.79 $944.67 $0.00 $821.69 $147,092.15
113 $147,092.15 $944.67 $0.00 $831.68 $148,868.50
114 $148,868.50 $944.67 $0.00 $841.72 $150,654.89
115 $150,654.89 $944.67 $0.00 $851.82 $152,451.38
116 $152,451.38 $944.67 $0.00 $861.98 $154,258.03
117 $154,258.03 $944.67 $0.00 $872.20 $156,074.90
118 $156,074.90 $944.67 $0.00 $882.47 $157,902.04
119 $157,902.04 $944.67 $0.00 $892.80 $159,739.51
120 $159,739.51 $944.67 $0.00 $903.19 $161,587.37
121 $161,587.37 $944.67 $0.00 $913.64 $163,445.68
122 $163,445.68 $944.67 $0.00 $924.15 $165,314.50
123 $165,314.50 $944.67 $0.00 $934.71 $167,193.88
124 $167,193.88 $944.67 $0.00 $945.34 $169,083.89
125 $169,083.89 $944.67 $0.00 $956.02 $170,984.58
126 $170,984.58 $944.67 $0.00 $966.77 $172,896.02
127 $172,896.02 $944.67 $0.00 $977.58 $174,818.27
128 $174,818.27 $944.67 $0.00 $988.45 $176,751.39
129 $176,751.39 $944.67 $0.00 $999.38 $178,695.44
130 $178,695.44 $944.67 $0.00 $1,010.37 $180,650.48
131 $180,650.48 $944.67 $0.00 $1,021.42 $182,616.57
132 $182,616.57 $944.67 $0.00 $1,032.54 $184,593.78
133 $184,593.78 $944.67 $0.00 $1,043.72 $186,582.17
134 $186,582.17 $944.67 $0.00 $1,054.96 $188,581.80
135 $188,581.80 $944.67 $0.00 $1,066.27 $190,592.74
136 $190,592.74 $944.67 $0.00 $1,077.64 $192,615.05
137 $192,615.05 $944.67 $0.00 $1,089.07 $194,648.79
138 $194,648.79 $944.67 $0.00 $1,100.57 $196,694.03
139 $196,694.03 $944.67 $0.00 $1,112.14 $198,750.84
140 $198,750.84 $944.67 $0.00 $1,123.77 $200,819.28
141 $200,819.28 $944.67 $0.00 $1,135.46 $202,899.41
142 $202,899.41 $944.67 $0.00 $1,147.22 $204,991.30
143 $204,991.30 $944.67 $0.00 $1,159.05 $207,095.02
144 $207,095.02 $944.67 $0.00 $1,170.95 $209,210.64
145 $209,210.64 $944.67 $0.00 $1,182.91 $211,338.22
146 $211,338.22 $944.67 $0.00 $1,194.94 $213,477.83
147 $213,477.83 $944.67 $0.00 $1,207.03 $215,629.53
148 $215,629.53 $944.67 $0.00 $1,219.20 $217,793.40
149 $217,793.40 $944.67 $0.00 $1,231.44 $219,969.51
150 $219,969.51 $944.67 $0.00 $1,243.74 $222,157.92
151 $222,157.92 $944.67 $0.00 $1,256.11 $224,358.70
152 $224,358.70 $944.67 $0.00 $1,268.56 $226,571.93
153 $226,571.93 $944.67 $0.00 $1,281.07 $228,797.67
154 $228,797.67 $944.67 $0.00 $1,293.66 $231,036.00
155 $231,036.00 $944.67 $0.00 $1,306.31 $233,286.98
156 $233,286.98 $944.67 $0.00 $1,319.04 $235,550.69
157 $235,550.69 $944.67 $0.00 $1,331.84 $237,827.20
158 $237,827.20 $944.67 $0.00 $1,344.71 $240,116.58
159 $240,116.58 $944.67 $0.00 $1,357.65 $242,418.90
160 $242,418.90 $944.67 $0.00 $1,370.67 $244,734.24
161 $244,734.24 $944.67 $0.00 $1,383.76 $247,062.67
162 $247,062.67 $944.67 $0.00 $1,396.93 $249,404.27
163 $249,404.27 $944.67 $0.00 $1,410.17 $251,759.11
164 $251,759.11 $944.67 $0.00 $1,423.48 $254,127.26
165 $254,127.26 $944.67 $0.00 $1,436.87 $256,508.80
166 $256,508.80 $944.67 $0.00 $1,450.34 $258,903.81
167 $258,903.81 $944.67 $0.00 $1,463.88 $261,312.36
168 $261,312.36 $944.67 $0.00 $1,477.50 $263,734.53
169 $263,734.53 $944.67 $0.00 $1,491.19 $266,170.39
170 $266,170.39 $944.67 $0.00 $1,504.97 $268,620.03
171 $268,620.03 $944.67 $0.00 $1,518.82 $271,083.52
172 $271,083.52 $944.67 $0.00 $1,532.75 $273,560.94
173 $273,560.94 $944.67 $0.00 $1,546.75 $276,052.36
174 $276,052.36 $944.67 $0.00 $1,560.84 $278,557.87
175 $278,557.87 $944.67 $0.00 $1,575.01 $281,077.55
176 $281,077.55 $944.67 $0.00 $1,589.25 $283,611.47
177 $283,611.47 $944.67 $0.00 $1,603.58 $286,159.72
178 $286,159.72 $944.67 $0.00 $1,617.99 $288,722.38
179 $288,722.38 $944.67 $0.00 $1,632.48 $291,299.53
180 $291,299.53 $944.67 $0.00 $1,647.05 $293,891.25
181 $293,891.25 $944.67 $0.00 $1,661.70 $296,497.62
182 $296,497.62 $944.67 $0.00 $1,676.44 $299,118.73
183 $299,118.73 $944.67 $0.00 $1,691.26 $301,754.66
184 $301,754.66 $944.67 $0.00 $1,706.16 $304,405.49
185 $304,405.49 $944.67 $0.00 $1,721.15 $307,071.31
186 $307,071.31 $944.67 $0.00 $1,736.23 $309,752.21
187 $309,752.21 $944.67 $0.00 $1,751.38 $312,448.26
188 $312,448.26 $944.67 $0.00 $1,766.63 $315,159.56
189 $315,159.56 $944.67 $0.00 $1,781.96 $317,886.19
190 $317,886.19 $944.67 $0.00 $1,797.37 $320,628.23
191 $320,628.23 $944.67 $0.00 $1,812.88 $323,385.78
192 $323,385.78 $944.67 $0.00 $1,828.47 $326,158.92
193 $326,158.92 $944.67 $0.00 $1,844.15 $328,947.74
194 $328,947.74 $944.67 $0.00 $1,859.92 $331,752.33
195 $331,752.33 $944.67 $0.00 $1,875.78 $334,572.78
196 $334,572.78 $944.67 $0.00 $1,891.72 $337,409.17
197 $337,409.17 $944.67 $0.00 $1,907.76 $340,261.60
198 $340,261.60 $944.67 $0.00 $1,923.89 $343,130.16
199 $343,130.16 $944.67 $0.00 $1,940.11 $346,014.94
200 $346,014.94 $944.67 $0.00 $1,956.42 $348,916.03
201 $348,916.03 $944.67 $0.00 $1,972.82 $351,833.52
202 $351,833.52 $944.67 $0.00 $1,989.32 $354,767.51
203 $354,767.51 $944.67 $0.00 $2,005.91 $357,718.09
204 $357,718.09 $944.67 $0.00 $2,022.59 $360,685.35
205 $360,685.35 $944.67 $0.00 $2,039.37 $363,669.39
206 $363,669.39 $944.67 $0.00 $2,056.24 $366,670.30
207 $366,670.30 $944.67 $0.00 $2,073.21 $369,688.18
208 $369,688.18 $944.67 $0.00 $2,090.27 $372,723.12
209 $372,723.12 $944.67 $0.00 $2,107.43 $375,775.22
210 $375,775.22 $944.67 $0.00 $2,124.69 $378,844.58
211 $378,844.58 $944.67 $0.00 $2,142.04 $381,931.29
212 $381,931.29 $944.67 $0.00 $2,159.50 $385,035.46
213 $385,035.46 $944.67 $0.00 $2,177.05 $388,157.18
214 $388,157.18 $944.67 $0.00 $2,194.70 $391,296.55
215 $391,296.55 $944.67 $0.00 $2,212.45 $394,453.67
216 $394,453.67 $944.67 $0.00 $2,230.30 $397,628.64
217 $397,628.64 $944.67 $110,752.62 $2,248.25 $290,068.94
218 $290,068.94 $944.67 $0.00 $1,640.09 $292,653.70
219 $292,653.70 $944.67 $0.00 $1,654.71 $295,253.08
220 $295,253.08 $944.67 $0.00 $1,669.40 $297,867.15
221 $297,867.15 $944.67 $0.00 $1,684.18 $300,496.00
222 $300,496.00 $944.67 $0.00 $1,699.05 $303,139.72
223 $303,139.72 $944.67 $0.00 $1,714.00 $305,798.39
224 $305,798.39 $944.67 $0.00 $1,729.03 $308,472.09
225 $308,472.09 $944.67 $0.00 $1,744.15 $311,160.91
226 $311,160.91 $944.67 $0.00 $1,759.35 $313,864.93
227 $313,864.93 $944.67 $0.00 $1,774.64 $316,584.24
228 $316,584.24 $944.67 $0.00 $1,790.01 $319,318.92
229 $319,318.92 $944.67 $116,290.25 $1,805.48 $205,778.82
230 $205,778.82 $944.67 $0.00 $1,163.50 $207,886.99
231 $207,886.99 $944.67 $0.00 $1,175.42 $210,007.08
232 $210,007.08 $944.67 $0.00 $1,187.41 $212,139.16
233 $212,139.16 $944.67 $0.00 $1,199.47 $214,283.30
234 $214,283.30 $944.67 $0.00 $1,211.59 $216,439.56
235 $216,439.56 $944.67 $0.00 $1,223.78 $218,608.01
236 $218,608.01 $944.67 $0.00 $1,236.04 $220,788.72
237 $220,788.72 $944.67 $0.00 $1,248.37 $222,981.76
238 $222,981.76 $944.67 $0.00 $1,260.77 $225,187.20
239 $225,187.20 $944.67 $0.00 $1,273.24 $227,405.11
240 $227,405.11 $944.67 $0.00 $1,285.78 $229,635.56
241 $229,635.56 $944.67 $122,104.76 $1,298.39 $109,773.86
242 $109,773.86 $944.67 $0.00 $620.68 $111,339.21
243 $111,339.21 $944.67 $0.00 $629.53 $112,913.41
244 $112,913.41 $944.67 $0.00 $638.43 $114,496.51
245 $114,496.51 $944.67 $0.00 $647.38 $116,088.56
246 $116,088.56 $944.67 $0.00 $656.38 $117,689.61
247 $117,689.61 $944.67 $0.00 $665.43 $119,299.71
248 $119,299.71 $944.67 $0.00 $674.54 $120,918.92
249 $120,918.92 $944.67 $0.00 $683.69 $122,547.28
250 $122,547.28 $944.67 $0.00 $692.90 $124,184.85
251 $124,184.85 $944.67 $0.00 $702.16 $125,831.68
252 $125,831.68 $944.67 $0.00 $711.47 $127,487.82
253 $127,487.82 $0.00 $128,210.00 $720.83 ($1.35)