Savings Plan and Future Cost Estimation for Valparaiso University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$152,289
Monthly savings required$1,205

How much will it cost to send your child to Valparaiso University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $609,154.80 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,205.49 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$58,726.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,205.49 $0.00 $0.00 $1,205.49
2 $1,205.49 $1,205.49 $0.00 $6.82 $2,417.80
3 $2,417.80 $1,205.49 $0.00 $13.67 $3,636.96
4 $3,636.96 $1,205.49 $0.00 $20.56 $4,863.01
5 $4,863.01 $1,205.49 $0.00 $27.50 $6,096.00
6 $6,096.00 $1,205.49 $0.00 $34.47 $7,335.96
7 $7,335.96 $1,205.49 $0.00 $41.48 $8,582.93
8 $8,582.93 $1,205.49 $0.00 $48.53 $9,836.95
9 $9,836.95 $1,205.49 $0.00 $55.62 $11,098.06
10 $11,098.06 $1,205.49 $0.00 $62.75 $12,366.30
11 $12,366.30 $1,205.49 $0.00 $69.92 $13,641.71
12 $13,641.71 $1,205.49 $0.00 $77.13 $14,924.33
13 $14,924.33 $1,205.49 $0.00 $84.38 $16,214.20
14 $16,214.20 $1,205.49 $0.00 $91.68 $17,511.37
15 $17,511.37 $1,205.49 $0.00 $99.01 $18,815.87
16 $18,815.87 $1,205.49 $0.00 $106.39 $20,127.75
17 $20,127.75 $1,205.49 $0.00 $113.81 $21,447.05
18 $21,447.05 $1,205.49 $0.00 $121.26 $22,773.80
19 $22,773.80 $1,205.49 $0.00 $128.77 $24,108.06
20 $24,108.06 $1,205.49 $0.00 $136.31 $25,449.86
21 $25,449.86 $1,205.49 $0.00 $143.90 $26,799.25
22 $26,799.25 $1,205.49 $0.00 $151.53 $28,156.27
23 $28,156.27 $1,205.49 $0.00 $159.20 $29,520.96
24 $29,520.96 $1,205.49 $0.00 $166.92 $30,893.37
25 $30,893.37 $1,205.49 $0.00 $174.68 $32,273.54
26 $32,273.54 $1,205.49 $0.00 $182.48 $33,661.51
27 $33,661.51 $1,205.49 $0.00 $190.33 $35,057.33
28 $35,057.33 $1,205.49 $0.00 $198.22 $36,461.04
29 $36,461.04 $1,205.49 $0.00 $206.16 $37,872.69
30 $37,872.69 $1,205.49 $0.00 $214.14 $39,292.32
31 $39,292.32 $1,205.49 $0.00 $222.16 $40,719.97
32 $40,719.97 $1,205.49 $0.00 $230.24 $42,155.70
33 $42,155.70 $1,205.49 $0.00 $238.35 $43,599.54
34 $43,599.54 $1,205.49 $0.00 $246.52 $45,051.55
35 $45,051.55 $1,205.49 $0.00 $254.73 $46,511.77
36 $46,511.77 $1,205.49 $0.00 $262.98 $47,980.24
37 $47,980.24 $1,205.49 $0.00 $271.29 $49,457.02
38 $49,457.02 $1,205.49 $0.00 $279.64 $50,942.15
39 $50,942.15 $1,205.49 $0.00 $288.03 $52,435.67
40 $52,435.67 $1,205.49 $0.00 $296.48 $53,937.64
41 $53,937.64 $1,205.49 $0.00 $304.97 $55,448.10
42 $55,448.10 $1,205.49 $0.00 $313.51 $56,967.10
43 $56,967.10 $1,205.49 $0.00 $322.10 $58,494.69
44 $58,494.69 $1,205.49 $0.00 $330.74 $60,030.92
45 $60,030.92 $1,205.49 $0.00 $339.42 $61,575.83
46 $61,575.83 $1,205.49 $0.00 $348.16 $63,129.48
47 $63,129.48 $1,205.49 $0.00 $356.94 $64,691.91
48 $64,691.91 $1,205.49 $0.00 $365.78 $66,263.18
49 $66,263.18 $1,205.49 $0.00 $374.66 $67,843.33
50 $67,843.33 $1,205.49 $0.00 $383.60 $69,432.42
51 $69,432.42 $1,205.49 $0.00 $392.58 $71,030.49
52 $71,030.49 $1,205.49 $0.00 $401.62 $72,637.60
53 $72,637.60 $1,205.49 $0.00 $410.70 $74,253.79
54 $74,253.79 $1,205.49 $0.00 $419.84 $75,879.12
55 $75,879.12 $1,205.49 $0.00 $429.03 $77,513.64
56 $77,513.64 $1,205.49 $0.00 $438.27 $79,157.40
57 $79,157.40 $1,205.49 $0.00 $447.57 $80,810.46
58 $80,810.46 $1,205.49 $0.00 $456.91 $82,472.86
59 $82,472.86 $1,205.49 $0.00 $466.31 $84,144.66
60 $84,144.66 $1,205.49 $0.00 $475.77 $85,825.92
61 $85,825.92 $1,205.49 $0.00 $485.27 $87,516.68
62 $87,516.68 $1,205.49 $0.00 $494.83 $89,217.00
63 $89,217.00 $1,205.49 $0.00 $504.45 $90,926.94
64 $90,926.94 $1,205.49 $0.00 $514.11 $92,646.54
65 $92,646.54 $1,205.49 $0.00 $523.84 $94,375.87
66 $94,375.87 $1,205.49 $0.00 $533.61 $96,114.97
67 $96,114.97 $1,205.49 $0.00 $543.45 $97,863.91
68 $97,863.91 $1,205.49 $0.00 $553.34 $99,622.74
69 $99,622.74 $1,205.49 $0.00 $563.28 $101,391.51
70 $101,391.51 $1,205.49 $0.00 $573.28 $103,170.28
71 $103,170.28 $1,205.49 $0.00 $583.34 $104,959.11
72 $104,959.11 $1,205.49 $0.00 $593.45 $106,758.05
73 $106,758.05 $1,205.49 $0.00 $603.63 $108,567.17
74 $108,567.17 $1,205.49 $0.00 $613.85 $110,386.51
75 $110,386.51 $1,205.49 $0.00 $624.14 $112,216.14
76 $112,216.14 $1,205.49 $0.00 $634.49 $114,056.12
77 $114,056.12 $1,205.49 $0.00 $644.89 $115,906.50
78 $115,906.50 $1,205.49 $0.00 $655.35 $117,767.34
79 $117,767.34 $1,205.49 $0.00 $665.87 $119,638.70
80 $119,638.70 $1,205.49 $0.00 $676.45 $121,520.64
81 $121,520.64 $1,205.49 $0.00 $687.10 $123,413.23
82 $123,413.23 $1,205.49 $0.00 $697.80 $125,316.52
83 $125,316.52 $1,205.49 $0.00 $708.56 $127,230.57
84 $127,230.57 $1,205.49 $0.00 $719.38 $129,155.44
85 $129,155.44 $1,205.49 $0.00 $730.26 $131,091.19
86 $131,091.19 $1,205.49 $0.00 $741.21 $133,037.89
87 $133,037.89 $1,205.49 $0.00 $752.22 $134,995.60
88 $134,995.60 $1,205.49 $0.00 $763.28 $136,964.37
89 $136,964.37 $1,205.49 $0.00 $774.42 $138,944.28
90 $138,944.28 $1,205.49 $0.00 $785.61 $140,935.38
91 $140,935.38 $1,205.49 $0.00 $796.87 $142,937.74
92 $142,937.74 $1,205.49 $0.00 $808.19 $144,951.42
93 $144,951.42 $1,205.49 $0.00 $819.58 $146,976.49
94 $146,976.49 $1,205.49 $0.00 $831.03 $149,013.01
95 $149,013.01 $1,205.49 $0.00 $842.54 $151,061.04
96 $151,061.04 $1,205.49 $0.00 $854.12 $153,120.65
97 $153,120.65 $1,205.49 $0.00 $865.77 $155,191.91
98 $155,191.91 $1,205.49 $0.00 $877.48 $157,274.88
99 $157,274.88 $1,205.49 $0.00 $889.26 $159,369.63
100 $159,369.63 $1,205.49 $0.00 $901.10 $161,476.22
101 $161,476.22 $1,205.49 $0.00 $913.01 $163,594.72
102 $163,594.72 $1,205.49 $0.00 $924.99 $165,725.20
103 $165,725.20 $1,205.49 $0.00 $937.03 $167,867.72
104 $167,867.72 $1,205.49 $0.00 $949.15 $170,022.36
105 $170,022.36 $1,205.49 $0.00 $961.33 $172,189.18
106 $172,189.18 $1,205.49 $0.00 $973.58 $174,368.25
107 $174,368.25 $1,205.49 $0.00 $985.90 $176,559.64
108 $176,559.64 $1,205.49 $0.00 $998.29 $178,763.42
109 $178,763.42 $1,205.49 $0.00 $1,010.75 $180,979.66
110 $180,979.66 $1,205.49 $0.00 $1,023.29 $183,208.44
111 $183,208.44 $1,205.49 $0.00 $1,035.89 $185,449.82
112 $185,449.82 $1,205.49 $0.00 $1,048.56 $187,703.87
113 $187,703.87 $1,205.49 $0.00 $1,061.30 $189,970.66
114 $189,970.66 $1,205.49 $0.00 $1,074.12 $192,250.27
115 $192,250.27 $1,205.49 $0.00 $1,087.01 $194,542.77
116 $194,542.77 $1,205.49 $0.00 $1,099.97 $196,848.23
117 $196,848.23 $1,205.49 $0.00 $1,113.01 $199,166.73
118 $199,166.73 $1,205.49 $0.00 $1,126.12 $201,498.34
119 $201,498.34 $1,205.49 $0.00 $1,139.30 $203,843.13
120 $203,843.13 $1,205.49 $0.00 $1,152.56 $206,201.18
121 $206,201.18 $1,205.49 $0.00 $1,165.89 $208,572.56
122 $208,572.56 $1,205.49 $0.00 $1,179.30 $210,957.35
123 $210,957.35 $1,205.49 $0.00 $1,192.78 $213,355.62
124 $213,355.62 $1,205.49 $0.00 $1,206.34 $215,767.45
125 $215,767.45 $1,205.49 $0.00 $1,219.98 $218,192.92
126 $218,192.92 $1,205.49 $0.00 $1,233.69 $220,632.10
127 $220,632.10 $1,205.49 $0.00 $1,247.49 $223,085.08
128 $223,085.08 $1,205.49 $0.00 $1,261.36 $225,551.93
129 $225,551.93 $1,205.49 $0.00 $1,275.30 $228,032.72
130 $228,032.72 $1,205.49 $0.00 $1,289.33 $230,527.54
131 $230,527.54 $1,205.49 $0.00 $1,303.44 $233,036.47
132 $233,036.47 $1,205.49 $0.00 $1,317.62 $235,559.58
133 $235,559.58 $1,205.49 $0.00 $1,331.89 $238,096.96
134 $238,096.96 $1,205.49 $0.00 $1,346.23 $240,648.68
135 $240,648.68 $1,205.49 $0.00 $1,360.66 $243,214.83
136 $243,214.83 $1,205.49 $0.00 $1,375.17 $245,795.49
137 $245,795.49 $1,205.49 $0.00 $1,389.76 $248,390.74
138 $248,390.74 $1,205.49 $0.00 $1,404.44 $251,000.67
139 $251,000.67 $1,205.49 $0.00 $1,419.19 $253,625.35
140 $253,625.35 $1,205.49 $0.00 $1,434.03 $256,264.87
141 $256,264.87 $1,205.49 $0.00 $1,448.96 $258,919.32
142 $258,919.32 $1,205.49 $0.00 $1,463.97 $261,588.78
143 $261,588.78 $1,205.49 $0.00 $1,479.06 $264,273.33
144 $264,273.33 $1,205.49 $0.00 $1,494.24 $266,973.06
145 $266,973.06 $1,205.49 $0.00 $1,509.50 $269,688.05
146 $269,688.05 $1,205.49 $0.00 $1,524.86 $272,418.40
147 $272,418.40 $1,205.49 $0.00 $1,540.29 $275,164.18
148 $275,164.18 $1,205.49 $0.00 $1,555.82 $277,925.49
149 $277,925.49 $1,205.49 $0.00 $1,571.43 $280,702.41
150 $280,702.41 $1,205.49 $0.00 $1,587.13 $283,495.03
151 $283,495.03 $1,205.49 $0.00 $1,602.92 $286,303.44
152 $286,303.44 $1,205.49 $0.00 $1,618.80 $289,127.73
153 $289,127.73 $1,205.49 $0.00 $1,634.77 $291,967.99
154 $291,967.99 $1,205.49 $0.00 $1,650.83 $294,824.31
155 $294,824.31 $1,205.49 $0.00 $1,666.98 $297,696.78
156 $297,696.78 $1,205.49 $0.00 $1,683.22 $300,585.49
157 $300,585.49 $1,205.49 $0.00 $1,699.55 $303,490.53
158 $303,490.53 $1,205.49 $0.00 $1,715.98 $306,412.00
159 $306,412.00 $1,205.49 $0.00 $1,732.50 $309,349.99
160 $309,349.99 $1,205.49 $0.00 $1,749.11 $312,304.59
161 $312,304.59 $1,205.49 $0.00 $1,765.82 $315,275.90
162 $315,275.90 $1,205.49 $0.00 $1,782.62 $318,264.01
163 $318,264.01 $1,205.49 $0.00 $1,799.51 $321,269.01
164 $321,269.01 $1,205.49 $0.00 $1,816.50 $324,291.00
165 $324,291.00 $1,205.49 $0.00 $1,833.59 $327,330.08
166 $327,330.08 $1,205.49 $0.00 $1,850.77 $330,386.34
167 $330,386.34 $1,205.49 $0.00 $1,868.05 $333,459.88
168 $333,459.88 $1,205.49 $0.00 $1,885.43 $336,550.80
169 $336,550.80 $1,205.49 $0.00 $1,902.91 $339,659.20
170 $339,659.20 $1,205.49 $0.00 $1,920.48 $342,785.17
171 $342,785.17 $1,205.49 $0.00 $1,938.16 $345,928.82
172 $345,928.82 $1,205.49 $0.00 $1,955.93 $349,090.24
173 $349,090.24 $1,205.49 $0.00 $1,973.81 $352,269.54
174 $352,269.54 $1,205.49 $0.00 $1,991.78 $355,466.81
175 $355,466.81 $1,205.49 $0.00 $2,009.86 $358,682.16
176 $358,682.16 $1,205.49 $0.00 $2,028.04 $361,915.69
177 $361,915.69 $1,205.49 $0.00 $2,046.32 $365,167.50
178 $365,167.50 $1,205.49 $0.00 $2,064.71 $368,437.70
179 $368,437.70 $1,205.49 $0.00 $2,083.20 $371,726.39
180 $371,726.39 $1,205.49 $0.00 $2,101.80 $375,033.68
181 $375,033.68 $1,205.49 $0.00 $2,120.49 $378,359.66
182 $378,359.66 $1,205.49 $0.00 $2,139.30 $381,704.45
183 $381,704.45 $1,205.49 $0.00 $2,158.21 $385,068.15
184 $385,068.15 $1,205.49 $0.00 $2,177.23 $388,450.87
185 $388,450.87 $1,205.49 $0.00 $2,196.36 $391,852.72
186 $391,852.72 $1,205.49 $0.00 $2,215.59 $395,273.80
187 $395,273.80 $1,205.49 $0.00 $2,234.94 $398,714.23
188 $398,714.23 $1,205.49 $0.00 $2,254.39 $402,174.11
189 $402,174.11 $1,205.49 $0.00 $2,273.95 $405,653.55
190 $405,653.55 $1,205.49 $0.00 $2,293.62 $409,152.66
191 $409,152.66 $1,205.49 $0.00 $2,313.41 $412,671.56
192 $412,671.56 $1,205.49 $0.00 $2,333.30 $416,210.35
193 $416,210.35 $1,205.49 $0.00 $2,353.31 $419,769.15
194 $419,769.15 $1,205.49 $0.00 $2,373.44 $423,348.08
195 $423,348.08 $1,205.49 $0.00 $2,393.67 $426,947.24
196 $426,947.24 $1,205.49 $0.00 $2,414.02 $430,566.75
197 $430,566.75 $1,205.49 $0.00 $2,434.49 $434,206.73
198 $434,206.73 $1,205.49 $0.00 $2,455.07 $437,867.29
199 $437,867.29 $1,205.49 $0.00 $2,475.77 $441,548.55
200 $441,548.55 $1,205.49 $0.00 $2,496.58 $445,250.62
201 $445,250.62 $1,205.49 $0.00 $2,517.51 $448,973.62
202 $448,973.62 $1,205.49 $0.00 $2,538.56 $452,717.67
203 $452,717.67 $1,205.49 $0.00 $2,559.73 $456,482.89
204 $456,482.89 $1,205.49 $0.00 $2,581.02 $460,269.40
205 $460,269.40 $1,205.49 $0.00 $2,602.43 $464,077.32
206 $464,077.32 $1,205.49 $0.00 $2,623.96 $467,906.77
207 $467,906.77 $1,205.49 $0.00 $2,645.61 $471,757.87
208 $471,757.87 $1,205.49 $0.00 $2,667.39 $475,630.75
209 $475,630.75 $1,205.49 $0.00 $2,689.29 $479,525.53
210 $479,525.53 $1,205.49 $0.00 $2,711.31 $483,442.33
211 $483,442.33 $1,205.49 $0.00 $2,733.45 $487,381.27
212 $487,381.27 $1,205.49 $0.00 $2,755.72 $491,342.48
213 $491,342.48 $1,205.49 $0.00 $2,778.12 $495,326.09
214 $495,326.09 $1,205.49 $0.00 $2,800.65 $499,332.23
215 $499,332.23 $1,205.49 $0.00 $2,823.30 $503,361.02
216 $503,361.02 $1,205.49 $0.00 $2,846.08 $507,412.59
217 $507,412.59 $1,205.49 $141,331.12 $2,868.98 $370,155.94
218 $370,155.94 $1,205.49 $0.00 $2,092.92 $373,454.35
219 $373,454.35 $1,205.49 $0.00 $2,111.57 $376,771.41
220 $376,771.41 $1,205.49 $0.00 $2,130.32 $380,107.22
221 $380,107.22 $1,205.49 $0.00 $2,149.18 $383,461.89
222 $383,461.89 $1,205.49 $0.00 $2,168.15 $386,835.53
223 $386,835.53 $1,205.49 $0.00 $2,187.22 $390,228.24
224 $390,228.24 $1,205.49 $0.00 $2,206.41 $393,640.14
225 $393,640.14 $1,205.49 $0.00 $2,225.70 $397,071.33
226 $397,071.33 $1,205.49 $0.00 $2,245.10 $400,521.92
227 $400,521.92 $1,205.49 $0.00 $2,264.61 $403,992.02
228 $403,992.02 $1,205.49 $0.00 $2,284.23 $407,481.74
229 $407,481.74 $1,205.49 $148,397.68 $2,303.96 $262,593.51
230 $262,593.51 $1,205.49 $0.00 $1,484.74 $265,283.74
231 $265,283.74 $1,205.49 $0.00 $1,499.95 $267,989.18
232 $267,989.18 $1,205.49 $0.00 $1,515.25 $270,709.92
233 $270,709.92 $1,205.49 $0.00 $1,530.63 $273,446.04
234 $273,446.04 $1,205.49 $0.00 $1,546.10 $276,197.63
235 $276,197.63 $1,205.49 $0.00 $1,561.66 $278,964.78
236 $278,964.78 $1,205.49 $0.00 $1,577.31 $281,747.58
237 $281,747.58 $1,205.49 $0.00 $1,593.04 $284,546.11
238 $284,546.11 $1,205.49 $0.00 $1,608.87 $287,360.47
239 $287,360.47 $1,205.49 $0.00 $1,624.78 $290,190.74
240 $290,190.74 $1,205.49 $0.00 $1,640.78 $293,037.01
241 $293,037.01 $1,205.49 $155,817.56 $1,656.87 $140,081.81
242 $140,081.81 $1,205.49 $0.00 $792.04 $142,079.34
243 $142,079.34 $1,205.49 $0.00 $803.34 $144,088.17
244 $144,088.17 $1,205.49 $0.00 $814.70 $146,108.36
245 $146,108.36 $1,205.49 $0.00 $826.12 $148,139.97
246 $148,139.97 $1,205.49 $0.00 $837.60 $150,183.06
247 $150,183.06 $1,205.49 $0.00 $849.16 $152,237.71
248 $152,237.71 $1,205.49 $0.00 $860.77 $154,303.97
249 $154,303.97 $1,205.49 $0.00 $872.46 $156,381.92
250 $156,381.92 $1,205.49 $0.00 $884.21 $158,471.62
251 $158,471.62 $1,205.49 $0.00 $896.02 $160,573.13
252 $160,573.13 $1,205.49 $0.00 $907.90 $162,686.52
253 $162,686.52 $0.00 $163,608.44 $919.85 ($2.07)