How much will it cost and what do you need to save?
Estimated Annual Cost in 2040 | $123,831 |
Monthly savings required | $980 |
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 $495,323.37 for students enrolling in 2040 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $980.22 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.
Current Annual Cost | $47,752.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 5% |
Current Savings | $0.00 |
After Tax Return on Savings | 7% |
Years of enrollment | 4 |
Discover how much will you need to start saving now to afford University of Indianapolis in the future.
Month | Begin | Deposit | Withdraw | Interest | End |
---|---|---|---|---|---|
1 | $0.00 | $980.22 | $0.00 | $0.00 | $980.22 |
2 | $980.22 | $980.22 | $0.00 | $5.54 | $1,965.98 |
3 | $1,965.98 | $980.22 | $0.00 | $11.12 | $2,957.32 |
4 | $2,957.32 | $980.22 | $0.00 | $16.72 | $3,954.26 |
5 | $3,954.26 | $980.22 | $0.00 | $22.36 | $4,956.84 |
6 | $4,956.84 | $980.22 | $0.00 | $28.03 | $5,965.09 |
7 | $5,965.09 | $980.22 | $0.00 | $33.73 | $6,979.04 |
8 | $6,979.04 | $980.22 | $0.00 | $39.46 | $7,998.72 |
9 | $7,998.72 | $980.22 | $0.00 | $45.23 | $9,024.17 |
10 | $9,024.17 | $980.22 | $0.00 | $51.02 | $10,055.41 |
11 | $10,055.41 | $980.22 | $0.00 | $56.85 | $11,092.48 |
12 | $11,092.48 | $980.22 | $0.00 | $62.72 | $12,135.42 |
13 | $12,135.42 | $980.22 | $0.00 | $68.62 | $13,184.26 |
14 | $13,184.26 | $980.22 | $0.00 | $74.55 | $14,239.03 |
15 | $14,239.03 | $980.22 | $0.00 | $80.51 | $15,299.76 |
16 | $15,299.76 | $980.22 | $0.00 | $86.51 | $16,366.49 |
17 | $16,366.49 | $980.22 | $0.00 | $92.54 | $17,439.25 |
18 | $17,439.25 | $980.22 | $0.00 | $98.60 | $18,518.07 |
19 | $18,518.07 | $980.22 | $0.00 | $104.70 | $19,602.99 |
20 | $19,602.99 | $980.22 | $0.00 | $110.84 | $20,694.05 |
21 | $20,694.05 | $980.22 | $0.00 | $117.01 | $21,791.28 |
22 | $21,791.28 | $980.22 | $0.00 | $123.21 | $22,894.71 |
23 | $22,894.71 | $980.22 | $0.00 | $129.45 | $24,004.38 |
24 | $24,004.38 | $980.22 | $0.00 | $135.72 | $25,120.32 |
25 | $25,120.32 | $980.22 | $0.00 | $142.03 | $26,242.57 |
26 | $26,242.57 | $980.22 | $0.00 | $148.38 | $27,371.17 |
27 | $27,371.17 | $980.22 | $0.00 | $154.76 | $28,506.15 |
28 | $28,506.15 | $980.22 | $0.00 | $161.18 | $29,647.55 |
29 | $29,647.55 | $980.22 | $0.00 | $167.63 | $30,795.40 |
30 | $30,795.40 | $980.22 | $0.00 | $174.12 | $31,949.74 |
31 | $31,949.74 | $980.22 | $0.00 | $180.65 | $33,110.61 |
32 | $33,110.61 | $980.22 | $0.00 | $187.21 | $34,278.04 |
33 | $34,278.04 | $980.22 | $0.00 | $193.81 | $35,452.07 |
34 | $35,452.07 | $980.22 | $0.00 | $200.45 | $36,632.74 |
35 | $36,632.74 | $980.22 | $0.00 | $207.13 | $37,820.09 |
36 | $37,820.09 | $980.22 | $0.00 | $213.84 | $39,014.15 |
37 | $39,014.15 | $980.22 | $0.00 | $220.59 | $40,214.96 |
38 | $40,214.96 | $980.22 | $0.00 | $227.38 | $41,422.56 |
39 | $41,422.56 | $980.22 | $0.00 | $234.21 | $42,636.99 |
40 | $42,636.99 | $980.22 | $0.00 | $241.08 | $43,858.29 |
41 | $43,858.29 | $980.22 | $0.00 | $247.98 | $45,086.49 |
42 | $45,086.49 | $980.22 | $0.00 | $254.93 | $46,321.64 |
43 | $46,321.64 | $980.22 | $0.00 | $261.91 | $47,563.77 |
44 | $47,563.77 | $980.22 | $0.00 | $268.93 | $48,812.92 |
45 | $48,812.92 | $980.22 | $0.00 | $276.00 | $50,069.14 |
46 | $50,069.14 | $980.22 | $0.00 | $283.10 | $51,332.46 |
47 | $51,332.46 | $980.22 | $0.00 | $290.24 | $52,602.92 |
48 | $52,602.92 | $980.22 | $0.00 | $297.42 | $53,880.56 |
49 | $53,880.56 | $980.22 | $0.00 | $304.65 | $55,165.43 |
50 | $55,165.43 | $980.22 | $0.00 | $311.91 | $56,457.56 |
51 | $56,457.56 | $980.22 | $0.00 | $319.22 | $57,757.00 |
52 | $57,757.00 | $980.22 | $0.00 | $326.57 | $59,063.79 |
53 | $59,063.79 | $980.22 | $0.00 | $333.96 | $60,377.97 |
54 | $60,377.97 | $980.22 | $0.00 | $341.39 | $61,699.58 |
55 | $61,699.58 | $980.22 | $0.00 | $348.86 | $63,028.66 |
56 | $63,028.66 | $980.22 | $0.00 | $356.37 | $64,365.25 |
57 | $64,365.25 | $980.22 | $0.00 | $363.93 | $65,709.40 |
58 | $65,709.40 | $980.22 | $0.00 | $371.53 | $67,061.15 |
59 | $67,061.15 | $980.22 | $0.00 | $379.17 | $68,420.54 |
60 | $68,420.54 | $980.22 | $0.00 | $386.86 | $69,787.62 |
61 | $69,787.62 | $980.22 | $0.00 | $394.59 | $71,162.43 |
62 | $71,162.43 | $980.22 | $0.00 | $402.36 | $72,545.01 |
63 | $72,545.01 | $980.22 | $0.00 | $410.18 | $73,935.41 |
64 | $73,935.41 | $980.22 | $0.00 | $418.04 | $75,333.67 |
65 | $75,333.67 | $980.22 | $0.00 | $425.95 | $76,739.84 |
66 | $76,739.84 | $980.22 | $0.00 | $433.90 | $78,153.96 |
67 | $78,153.96 | $980.22 | $0.00 | $441.89 | $79,576.07 |
68 | $79,576.07 | $980.22 | $0.00 | $449.93 | $81,006.22 |
69 | $81,006.22 | $980.22 | $0.00 | $458.02 | $82,444.46 |
70 | $82,444.46 | $980.22 | $0.00 | $466.15 | $83,890.83 |
71 | $83,890.83 | $980.22 | $0.00 | $474.33 | $85,345.38 |
72 | $85,345.38 | $980.22 | $0.00 | $482.56 | $86,808.16 |
73 | $86,808.16 | $980.22 | $0.00 | $490.83 | $88,279.21 |
74 | $88,279.21 | $980.22 | $0.00 | $499.14 | $89,758.57 |
75 | $89,758.57 | $980.22 | $0.00 | $507.51 | $91,246.30 |
76 | $91,246.30 | $980.22 | $0.00 | $515.92 | $92,742.44 |
77 | $92,742.44 | $980.22 | $0.00 | $524.38 | $94,247.04 |
78 | $94,247.04 | $980.22 | $0.00 | $532.89 | $95,760.15 |
79 | $95,760.15 | $980.22 | $0.00 | $541.44 | $97,281.81 |
80 | $97,281.81 | $980.22 | $0.00 | $550.05 | $98,812.08 |
81 | $98,812.08 | $980.22 | $0.00 | $558.70 | $100,351.00 |
82 | $100,351.00 | $980.22 | $0.00 | $567.40 | $101,898.62 |
83 | $101,898.62 | $980.22 | $0.00 | $576.15 | $103,454.99 |
84 | $103,454.99 | $980.22 | $0.00 | $584.95 | $105,020.16 |
85 | $105,020.16 | $980.22 | $0.00 | $593.80 | $106,594.18 |
86 | $106,594.18 | $980.22 | $0.00 | $602.70 | $108,177.10 |
87 | $108,177.10 | $980.22 | $0.00 | $611.65 | $109,768.97 |
88 | $109,768.97 | $980.22 | $0.00 | $620.65 | $111,369.84 |
89 | $111,369.84 | $980.22 | $0.00 | $629.70 | $112,979.76 |
90 | $112,979.76 | $980.22 | $0.00 | $638.80 | $114,598.78 |
91 | $114,598.78 | $980.22 | $0.00 | $647.96 | $116,226.96 |
92 | $116,226.96 | $980.22 | $0.00 | $657.16 | $117,864.34 |
93 | $117,864.34 | $980.22 | $0.00 | $666.42 | $119,510.98 |
94 | $119,510.98 | $980.22 | $0.00 | $675.73 | $121,166.93 |
95 | $121,166.93 | $980.22 | $0.00 | $685.10 | $122,832.25 |
96 | $122,832.25 | $980.22 | $0.00 | $694.51 | $124,506.98 |
97 | $124,506.98 | $980.22 | $0.00 | $703.98 | $126,191.18 |
98 | $126,191.18 | $980.22 | $0.00 | $713.50 | $127,884.90 |
99 | $127,884.90 | $980.22 | $0.00 | $723.08 | $129,588.20 |
100 | $129,588.20 | $980.22 | $0.00 | $732.71 | $131,301.13 |
101 | $131,301.13 | $980.22 | $0.00 | $742.40 | $133,023.75 |
102 | $133,023.75 | $980.22 | $0.00 | $752.14 | $134,756.11 |
103 | $134,756.11 | $980.22 | $0.00 | $761.93 | $136,498.26 |
104 | $136,498.26 | $980.22 | $0.00 | $771.78 | $138,250.26 |
105 | $138,250.26 | $980.22 | $0.00 | $781.69 | $140,012.17 |
106 | $140,012.17 | $980.22 | $0.00 | $791.65 | $141,784.04 |
107 | $141,784.04 | $980.22 | $0.00 | $801.67 | $143,565.93 |
108 | $143,565.93 | $980.22 | $0.00 | $811.74 | $145,357.89 |
109 | $145,357.89 | $980.22 | $0.00 | $821.87 | $147,159.98 |
110 | $147,159.98 | $980.22 | $0.00 | $832.06 | $148,972.26 |
111 | $148,972.26 | $980.22 | $0.00 | $842.31 | $150,794.79 |
112 | $150,794.79 | $980.22 | $0.00 | $852.62 | $152,627.63 |
113 | $152,627.63 | $980.22 | $0.00 | $862.98 | $154,470.83 |
114 | $154,470.83 | $980.22 | $0.00 | $873.40 | $156,324.45 |
115 | $156,324.45 | $980.22 | $0.00 | $883.88 | $158,188.55 |
116 | $158,188.55 | $980.22 | $0.00 | $894.42 | $160,063.19 |
117 | $160,063.19 | $980.22 | $0.00 | $905.02 | $161,948.43 |
118 | $161,948.43 | $980.22 | $0.00 | $915.68 | $163,844.33 |
119 | $163,844.33 | $980.22 | $0.00 | $926.40 | $165,750.95 |
120 | $165,750.95 | $980.22 | $0.00 | $937.18 | $167,668.35 |
121 | $167,668.35 | $980.22 | $0.00 | $948.02 | $169,596.59 |
122 | $169,596.59 | $980.22 | $0.00 | $958.92 | $171,535.73 |
123 | $171,535.73 | $980.22 | $0.00 | $969.89 | $173,485.84 |
124 | $173,485.84 | $980.22 | $0.00 | $980.91 | $175,446.97 |
125 | $175,446.97 | $980.22 | $0.00 | $992.00 | $177,419.19 |
126 | $177,419.19 | $980.22 | $0.00 | $1,003.15 | $179,402.56 |
127 | $179,402.56 | $980.22 | $0.00 | $1,014.37 | $181,397.15 |
128 | $181,397.15 | $980.22 | $0.00 | $1,025.65 | $183,403.02 |
129 | $183,403.02 | $980.22 | $0.00 | $1,036.99 | $185,420.23 |
130 | $185,420.23 | $980.22 | $0.00 | $1,048.39 | $187,448.84 |
131 | $187,448.84 | $980.22 | $0.00 | $1,059.86 | $189,488.92 |
132 | $189,488.92 | $980.22 | $0.00 | $1,071.40 | $191,540.54 |
133 | $191,540.54 | $980.22 | $0.00 | $1,083.00 | $193,603.76 |
134 | $193,603.76 | $980.22 | $0.00 | $1,094.66 | $195,678.64 |
135 | $195,678.64 | $980.22 | $0.00 | $1,106.40 | $197,765.26 |
136 | $197,765.26 | $980.22 | $0.00 | $1,118.19 | $199,863.67 |
137 | $199,863.67 | $980.22 | $0.00 | $1,130.06 | $201,973.95 |
138 | $201,973.95 | $980.22 | $0.00 | $1,141.99 | $204,096.16 |
139 | $204,096.16 | $980.22 | $0.00 | $1,153.99 | $206,230.37 |
140 | $206,230.37 | $980.22 | $0.00 | $1,166.06 | $208,376.65 |
141 | $208,376.65 | $980.22 | $0.00 | $1,178.19 | $210,535.06 |
142 | $210,535.06 | $980.22 | $0.00 | $1,190.40 | $212,705.68 |
143 | $212,705.68 | $980.22 | $0.00 | $1,202.67 | $214,888.57 |
144 | $214,888.57 | $980.22 | $0.00 | $1,215.01 | $217,083.80 |
145 | $217,083.80 | $980.22 | $0.00 | $1,227.42 | $219,291.44 |
146 | $219,291.44 | $980.22 | $0.00 | $1,239.91 | $221,511.57 |
147 | $221,511.57 | $980.22 | $0.00 | $1,252.46 | $223,744.25 |
148 | $223,744.25 | $980.22 | $0.00 | $1,265.08 | $225,989.55 |
149 | $225,989.55 | $980.22 | $0.00 | $1,277.78 | $228,247.55 |
150 | $228,247.55 | $980.22 | $0.00 | $1,290.54 | $230,518.31 |
151 | $230,518.31 | $980.22 | $0.00 | $1,303.38 | $232,801.91 |
152 | $232,801.91 | $980.22 | $0.00 | $1,316.30 | $235,098.43 |
153 | $235,098.43 | $980.22 | $0.00 | $1,329.28 | $237,407.93 |
154 | $237,407.93 | $980.22 | $0.00 | $1,342.34 | $239,730.49 |
155 | $239,730.49 | $980.22 | $0.00 | $1,355.47 | $242,066.18 |
156 | $242,066.18 | $980.22 | $0.00 | $1,368.68 | $244,415.08 |
157 | $244,415.08 | $980.22 | $0.00 | $1,381.96 | $246,777.26 |
158 | $246,777.26 | $980.22 | $0.00 | $1,395.31 | $249,152.79 |
159 | $249,152.79 | $980.22 | $0.00 | $1,408.75 | $251,541.76 |
160 | $251,541.76 | $980.22 | $0.00 | $1,422.25 | $253,944.23 |
161 | $253,944.23 | $980.22 | $0.00 | $1,435.84 | $256,360.29 |
162 | $256,360.29 | $980.22 | $0.00 | $1,449.50 | $258,790.01 |
163 | $258,790.01 | $980.22 | $0.00 | $1,463.24 | $261,233.47 |
164 | $261,233.47 | $980.22 | $0.00 | $1,477.05 | $263,690.74 |
165 | $263,690.74 | $980.22 | $0.00 | $1,490.95 | $266,161.91 |
166 | $266,161.91 | $980.22 | $0.00 | $1,504.92 | $268,647.05 |
167 | $268,647.05 | $980.22 | $0.00 | $1,518.97 | $271,146.24 |
168 | $271,146.24 | $980.22 | $0.00 | $1,533.10 | $273,659.56 |
169 | $273,659.56 | $980.22 | $0.00 | $1,547.31 | $276,187.09 |
170 | $276,187.09 | $980.22 | $0.00 | $1,561.60 | $278,728.91 |
171 | $278,728.91 | $980.22 | $0.00 | $1,575.97 | $281,285.10 |
172 | $281,285.10 | $980.22 | $0.00 | $1,590.43 | $283,855.75 |
173 | $283,855.75 | $980.22 | $0.00 | $1,604.96 | $286,440.93 |
174 | $286,440.93 | $980.22 | $0.00 | $1,619.58 | $289,040.73 |
175 | $289,040.73 | $980.22 | $0.00 | $1,634.28 | $291,655.23 |
176 | $291,655.23 | $980.22 | $0.00 | $1,649.06 | $294,284.51 |
177 | $294,284.51 | $980.22 | $0.00 | $1,663.93 | $296,928.66 |
178 | $296,928.66 | $980.22 | $0.00 | $1,678.88 | $299,587.76 |
179 | $299,587.76 | $980.22 | $0.00 | $1,693.91 | $302,261.89 |
180 | $302,261.89 | $980.22 | $0.00 | $1,709.03 | $304,951.14 |
181 | $304,951.14 | $980.22 | $0.00 | $1,724.24 | $307,655.60 |
182 | $307,655.60 | $980.22 | $0.00 | $1,739.53 | $310,375.35 |
183 | $310,375.35 | $980.22 | $0.00 | $1,754.91 | $313,110.48 |
184 | $313,110.48 | $980.22 | $0.00 | $1,770.37 | $315,861.07 |
185 | $315,861.07 | $980.22 | $0.00 | $1,785.92 | $318,627.21 |
186 | $318,627.21 | $980.22 | $0.00 | $1,801.56 | $321,408.99 |
187 | $321,408.99 | $980.22 | $0.00 | $1,817.29 | $324,206.50 |
188 | $324,206.50 | $980.22 | $0.00 | $1,833.11 | $327,019.83 |
189 | $327,019.83 | $980.22 | $0.00 | $1,849.02 | $329,849.07 |
190 | $329,849.07 | $980.22 | $0.00 | $1,865.01 | $332,694.30 |
191 | $332,694.30 | $980.22 | $0.00 | $1,881.10 | $335,555.62 |
192 | $335,555.62 | $980.22 | $0.00 | $1,897.28 | $338,433.12 |
193 | $338,433.12 | $980.22 | $0.00 | $1,913.55 | $341,326.89 |
194 | $341,326.89 | $980.22 | $0.00 | $1,929.91 | $344,237.02 |
195 | $344,237.02 | $980.22 | $0.00 | $1,946.37 | $347,163.61 |
196 | $347,163.61 | $980.22 | $0.00 | $1,962.91 | $350,106.74 |
197 | $350,106.74 | $980.22 | $0.00 | $1,979.55 | $353,066.51 |
198 | $353,066.51 | $980.22 | $0.00 | $1,996.29 | $356,043.02 |
199 | $356,043.02 | $980.22 | $0.00 | $2,013.12 | $359,036.36 |
200 | $359,036.36 | $980.22 | $0.00 | $2,030.04 | $362,046.62 |
201 | $362,046.62 | $980.22 | $0.00 | $2,047.06 | $365,073.90 |
202 | $365,073.90 | $980.22 | $0.00 | $2,064.18 | $368,118.30 |
203 | $368,118.30 | $980.22 | $0.00 | $2,081.39 | $371,179.91 |
204 | $371,179.91 | $980.22 | $0.00 | $2,098.71 | $374,258.84 |
205 | $374,258.84 | $980.22 | $0.00 | $2,116.11 | $377,355.17 |
206 | $377,355.17 | $980.22 | $0.00 | $2,133.62 | $380,469.01 |
207 | $380,469.01 | $980.22 | $0.00 | $2,151.23 | $383,600.46 |
208 | $383,600.46 | $980.22 | $0.00 | $2,168.93 | $386,749.61 |
209 | $386,749.61 | $980.22 | $0.00 | $2,186.74 | $389,916.57 |
210 | $389,916.57 | $980.22 | $0.00 | $2,204.64 | $393,101.43 |
211 | $393,101.43 | $980.22 | $0.00 | $2,222.65 | $396,304.30 |
212 | $396,304.30 | $980.22 | $0.00 | $2,240.76 | $399,525.28 |
213 | $399,525.28 | $980.22 | $0.00 | $2,258.97 | $402,764.47 |
214 | $402,764.47 | $980.22 | $0.00 | $2,277.29 | $406,021.98 |
215 | $406,021.98 | $980.22 | $0.00 | $2,295.71 | $409,297.91 |
216 | $409,297.91 | $980.22 | $0.00 | $2,314.23 | $412,592.36 |
217 | $412,592.36 | $980.22 | $114,920.88 | $2,332.86 | $300,984.56 |
218 | $300,984.56 | $980.22 | $0.00 | $1,701.81 | $303,666.59 |
219 | $303,666.59 | $980.22 | $0.00 | $1,716.98 | $306,363.79 |
220 | $306,363.79 | $980.22 | $0.00 | $1,732.23 | $309,076.24 |
221 | $309,076.24 | $980.22 | $0.00 | $1,747.56 | $311,804.02 |
222 | $311,804.02 | $980.22 | $0.00 | $1,762.99 | $314,547.23 |
223 | $314,547.23 | $980.22 | $0.00 | $1,778.50 | $317,305.95 |
224 | $317,305.95 | $980.22 | $0.00 | $1,794.09 | $320,080.26 |
225 | $320,080.26 | $980.22 | $0.00 | $1,809.78 | $322,870.26 |
226 | $322,870.26 | $980.22 | $0.00 | $1,825.56 | $325,676.04 |
227 | $325,676.04 | $980.22 | $0.00 | $1,841.42 | $328,497.68 |
228 | $328,497.68 | $980.22 | $0.00 | $1,857.37 | $331,335.27 |
229 | $331,335.27 | $980.22 | $120,666.93 | $1,873.42 | $213,521.98 |
230 | $213,521.98 | $980.22 | $0.00 | $1,207.28 | $215,709.48 |
231 | $215,709.48 | $980.22 | $0.00 | $1,219.65 | $217,909.35 |
232 | $217,909.35 | $980.22 | $0.00 | $1,232.09 | $220,121.66 |
233 | $220,121.66 | $980.22 | $0.00 | $1,244.60 | $222,346.48 |
234 | $222,346.48 | $980.22 | $0.00 | $1,257.18 | $224,583.88 |
235 | $224,583.88 | $980.22 | $0.00 | $1,269.83 | $226,833.93 |
236 | $226,833.93 | $980.22 | $0.00 | $1,282.55 | $229,096.70 |
237 | $229,096.70 | $980.22 | $0.00 | $1,295.35 | $231,372.27 |
238 | $231,372.27 | $980.22 | $0.00 | $1,308.21 | $233,660.70 |
239 | $233,660.70 | $980.22 | $0.00 | $1,321.15 | $235,962.07 |
240 | $235,962.07 | $980.22 | $0.00 | $1,334.16 | $238,276.45 |
241 | $238,276.45 | $980.22 | $126,700.27 | $1,347.25 | $113,903.65 |
242 | $113,903.65 | $980.22 | $0.00 | $644.03 | $115,527.90 |
243 | $115,527.90 | $980.22 | $0.00 | $653.21 | $117,161.33 |
244 | $117,161.33 | $980.22 | $0.00 | $662.45 | $118,804.00 |
245 | $118,804.00 | $980.22 | $0.00 | $671.74 | $120,455.96 |
246 | $120,455.96 | $980.22 | $0.00 | $681.08 | $122,117.26 |
247 | $122,117.26 | $980.22 | $0.00 | $690.47 | $123,787.95 |
248 | $123,787.95 | $980.22 | $0.00 | $699.92 | $125,468.09 |
249 | $125,468.09 | $980.22 | $0.00 | $709.41 | $127,157.72 |
250 | $127,157.72 | $980.22 | $0.00 | $718.97 | $128,856.91 |
251 | $128,856.91 | $980.22 | $0.00 | $728.58 | $130,565.71 |
252 | $130,565.71 | $980.22 | $0.00 | $738.24 | $132,284.17 |
253 | $132,284.17 | $0.00 | $133,035.29 | $747.95 | ($3.17) |