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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$116,876
Monthly savings required$925

How much will it cost to send your child to Dordt College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $467,503.44 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $925.17 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$45,070.00
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 $925.17 $0.00 $0.00 $925.17
2 $925.17 $925.17 $0.00 $5.23 $1,855.57
3 $1,855.57 $925.17 $0.00 $10.49 $2,791.23
4 $2,791.23 $925.17 $0.00 $15.78 $3,732.18
5 $3,732.18 $925.17 $0.00 $21.10 $4,678.45
6 $4,678.45 $925.17 $0.00 $26.45 $5,630.07
7 $5,630.07 $925.17 $0.00 $31.83 $6,587.07
8 $6,587.07 $925.17 $0.00 $37.24 $7,549.48
9 $7,549.48 $925.17 $0.00 $42.69 $8,517.34
10 $8,517.34 $925.17 $0.00 $48.16 $9,490.67
11 $9,490.67 $925.17 $0.00 $53.66 $10,469.50
12 $10,469.50 $925.17 $0.00 $59.20 $11,453.87
13 $11,453.87 $925.17 $0.00 $64.76 $12,443.80
14 $12,443.80 $925.17 $0.00 $70.36 $13,439.33
15 $13,439.33 $925.17 $0.00 $75.99 $14,440.49
16 $14,440.49 $925.17 $0.00 $81.65 $15,447.31
17 $15,447.31 $925.17 $0.00 $87.34 $16,459.82
18 $16,459.82 $925.17 $0.00 $93.07 $17,478.06
19 $17,478.06 $925.17 $0.00 $98.82 $18,502.05
20 $18,502.05 $925.17 $0.00 $104.61 $19,531.83
21 $19,531.83 $925.17 $0.00 $110.44 $20,567.44
22 $20,567.44 $925.17 $0.00 $116.29 $21,608.90
23 $21,608.90 $925.17 $0.00 $122.18 $22,656.25
24 $22,656.25 $925.17 $0.00 $128.10 $23,709.52
25 $23,709.52 $925.17 $0.00 $134.06 $24,768.75
26 $24,768.75 $925.17 $0.00 $140.05 $25,833.97
27 $25,833.97 $925.17 $0.00 $146.07 $26,905.21
28 $26,905.21 $925.17 $0.00 $152.13 $27,982.51
29 $27,982.51 $925.17 $0.00 $158.22 $29,065.90
30 $29,065.90 $925.17 $0.00 $164.34 $30,155.41
31 $30,155.41 $925.17 $0.00 $170.50 $31,251.08
32 $31,251.08 $925.17 $0.00 $176.70 $32,352.95
33 $32,352.95 $925.17 $0.00 $182.93 $33,461.05
34 $33,461.05 $925.17 $0.00 $189.19 $34,575.41
35 $34,575.41 $925.17 $0.00 $195.49 $35,696.07
36 $35,696.07 $925.17 $0.00 $201.83 $36,823.07
37 $36,823.07 $925.17 $0.00 $208.20 $37,956.44
38 $37,956.44 $925.17 $0.00 $214.61 $39,096.22
39 $39,096.22 $925.17 $0.00 $221.06 $40,242.45
40 $40,242.45 $925.17 $0.00 $227.54 $41,395.16
41 $41,395.16 $925.17 $0.00 $234.05 $42,554.38
42 $42,554.38 $925.17 $0.00 $240.61 $43,720.16
43 $43,720.16 $925.17 $0.00 $247.20 $44,892.53
44 $44,892.53 $925.17 $0.00 $253.83 $46,071.53
45 $46,071.53 $925.17 $0.00 $260.50 $47,257.20
46 $47,257.20 $925.17 $0.00 $267.20 $48,449.57
47 $48,449.57 $925.17 $0.00 $273.94 $49,648.68
48 $49,648.68 $925.17 $0.00 $280.72 $50,854.57
49 $50,854.57 $925.17 $0.00 $287.54 $52,067.28
50 $52,067.28 $925.17 $0.00 $294.40 $53,286.85
51 $53,286.85 $925.17 $0.00 $301.29 $54,513.31
52 $54,513.31 $925.17 $0.00 $308.23 $55,746.71
53 $55,746.71 $925.17 $0.00 $315.20 $56,987.08
54 $56,987.08 $925.17 $0.00 $322.21 $58,234.46
55 $58,234.46 $925.17 $0.00 $329.27 $59,488.90
56 $59,488.90 $925.17 $0.00 $336.36 $60,750.43
57 $60,750.43 $925.17 $0.00 $343.49 $62,019.09
58 $62,019.09 $925.17 $0.00 $350.66 $63,294.92
59 $63,294.92 $925.17 $0.00 $357.88 $64,577.97
60 $64,577.97 $925.17 $0.00 $365.13 $65,868.27
61 $65,868.27 $925.17 $0.00 $372.43 $67,165.87
62 $67,165.87 $925.17 $0.00 $379.77 $68,470.81
63 $68,470.81 $925.17 $0.00 $387.14 $69,783.12
64 $69,783.12 $925.17 $0.00 $394.56 $71,102.85
65 $71,102.85 $925.17 $0.00 $402.03 $72,430.05
66 $72,430.05 $925.17 $0.00 $409.53 $73,764.75
67 $73,764.75 $925.17 $0.00 $417.08 $75,107.00
68 $75,107.00 $925.17 $0.00 $424.67 $76,456.84
69 $76,456.84 $925.17 $0.00 $432.30 $77,814.31
70 $77,814.31 $925.17 $0.00 $439.97 $79,179.45
71 $79,179.45 $925.17 $0.00 $447.69 $80,552.31
72 $80,552.31 $925.17 $0.00 $455.45 $81,932.93
73 $81,932.93 $925.17 $0.00 $463.26 $83,321.36
74 $83,321.36 $925.17 $0.00 $471.11 $84,717.64
75 $84,717.64 $925.17 $0.00 $479.01 $86,121.82
76 $86,121.82 $925.17 $0.00 $486.95 $87,533.94
77 $87,533.94 $925.17 $0.00 $494.93 $88,954.04
78 $88,954.04 $925.17 $0.00 $502.96 $90,382.17
79 $90,382.17 $925.17 $0.00 $511.03 $91,818.37
80 $91,818.37 $925.17 $0.00 $519.15 $93,262.69
81 $93,262.69 $925.17 $0.00 $527.32 $94,715.18
82 $94,715.18 $925.17 $0.00 $535.53 $96,175.88
83 $96,175.88 $925.17 $0.00 $543.79 $97,644.84
84 $97,644.84 $925.17 $0.00 $552.10 $99,122.11
85 $99,122.11 $925.17 $0.00 $560.45 $100,607.73
86 $100,607.73 $925.17 $0.00 $568.85 $102,101.75
87 $102,101.75 $925.17 $0.00 $577.30 $103,604.22
88 $103,604.22 $925.17 $0.00 $585.79 $105,115.18
89 $105,115.18 $925.17 $0.00 $594.34 $106,634.69
90 $106,634.69 $925.17 $0.00 $602.93 $108,162.79
91 $108,162.79 $925.17 $0.00 $611.57 $109,699.53
92 $109,699.53 $925.17 $0.00 $620.26 $111,244.96
93 $111,244.96 $925.17 $0.00 $629.00 $112,799.13
94 $112,799.13 $925.17 $0.00 $637.78 $114,362.08
95 $114,362.08 $925.17 $0.00 $646.62 $115,933.87
96 $115,933.87 $925.17 $0.00 $655.51 $117,514.55
97 $117,514.55 $925.17 $0.00 $664.44 $119,104.16
98 $119,104.16 $925.17 $0.00 $673.43 $120,702.76
99 $120,702.76 $925.17 $0.00 $682.47 $122,310.40
100 $122,310.40 $925.17 $0.00 $691.56 $123,927.13
101 $123,927.13 $925.17 $0.00 $700.70 $125,553.00
102 $125,553.00 $925.17 $0.00 $709.89 $127,188.06
103 $127,188.06 $925.17 $0.00 $719.14 $128,832.37
104 $128,832.37 $925.17 $0.00 $728.44 $130,485.98
105 $130,485.98 $925.17 $0.00 $737.79 $132,148.94
106 $132,148.94 $925.17 $0.00 $747.19 $133,821.30
107 $133,821.30 $925.17 $0.00 $756.65 $135,503.12
108 $135,503.12 $925.17 $0.00 $766.15 $137,194.44
109 $137,194.44 $925.17 $0.00 $775.72 $138,895.33
110 $138,895.33 $925.17 $0.00 $785.33 $140,605.83
111 $140,605.83 $925.17 $0.00 $795.01 $142,326.01
112 $142,326.01 $925.17 $0.00 $804.73 $144,055.91
113 $144,055.91 $925.17 $0.00 $814.51 $145,795.59
114 $145,795.59 $925.17 $0.00 $824.35 $147,545.11
115 $147,545.11 $925.17 $0.00 $834.24 $149,304.52
116 $149,304.52 $925.17 $0.00 $844.19 $151,073.88
117 $151,073.88 $925.17 $0.00 $854.19 $152,853.24
118 $152,853.24 $925.17 $0.00 $864.25 $154,642.66
119 $154,642.66 $925.17 $0.00 $874.37 $156,442.20
120 $156,442.20 $925.17 $0.00 $884.55 $158,251.92
121 $158,251.92 $925.17 $0.00 $894.78 $160,071.87
122 $160,071.87 $925.17 $0.00 $905.07 $161,902.11
123 $161,902.11 $925.17 $0.00 $915.42 $163,742.70
124 $163,742.70 $925.17 $0.00 $925.83 $165,593.70
125 $165,593.70 $925.17 $0.00 $936.29 $167,455.16
126 $167,455.16 $925.17 $0.00 $946.82 $169,327.15
127 $169,327.15 $925.17 $0.00 $957.40 $171,209.72
128 $171,209.72 $925.17 $0.00 $968.04 $173,102.93
129 $173,102.93 $925.17 $0.00 $978.75 $175,006.85
130 $175,006.85 $925.17 $0.00 $989.51 $176,921.53
131 $176,921.53 $925.17 $0.00 $1,000.34 $178,847.04
132 $178,847.04 $925.17 $0.00 $1,011.23 $180,783.44
133 $180,783.44 $925.17 $0.00 $1,022.18 $182,730.79
134 $182,730.79 $925.17 $0.00 $1,033.19 $184,689.15
135 $184,689.15 $925.17 $0.00 $1,044.26 $186,658.58
136 $186,658.58 $925.17 $0.00 $1,055.39 $188,639.14
137 $188,639.14 $925.17 $0.00 $1,066.59 $190,630.90
138 $190,630.90 $925.17 $0.00 $1,077.85 $192,633.92
139 $192,633.92 $925.17 $0.00 $1,089.18 $194,648.27
140 $194,648.27 $925.17 $0.00 $1,100.57 $196,674.01
141 $196,674.01 $925.17 $0.00 $1,112.02 $198,711.20
142 $198,711.20 $925.17 $0.00 $1,123.54 $200,759.91
143 $200,759.91 $925.17 $0.00 $1,135.13 $202,820.21
144 $202,820.21 $925.17 $0.00 $1,146.77 $204,892.15
145 $204,892.15 $925.17 $0.00 $1,158.49 $206,975.81
146 $206,975.81 $925.17 $0.00 $1,170.27 $209,071.25
147 $209,071.25 $925.17 $0.00 $1,182.12 $211,178.54
148 $211,178.54 $925.17 $0.00 $1,194.03 $213,297.74
149 $213,297.74 $925.17 $0.00 $1,206.02 $215,428.93
150 $215,428.93 $925.17 $0.00 $1,218.07 $217,572.17
151 $217,572.17 $925.17 $0.00 $1,230.18 $219,727.52
152 $219,727.52 $925.17 $0.00 $1,242.37 $221,895.06
153 $221,895.06 $925.17 $0.00 $1,254.63 $224,074.86
154 $224,074.86 $925.17 $0.00 $1,266.95 $226,266.98
155 $226,266.98 $925.17 $0.00 $1,279.35 $228,471.50
156 $228,471.50 $925.17 $0.00 $1,291.81 $230,688.48
157 $230,688.48 $925.17 $0.00 $1,304.35 $232,918.00
158 $232,918.00 $925.17 $0.00 $1,316.95 $235,160.12
159 $235,160.12 $925.17 $0.00 $1,329.63 $237,414.92
160 $237,414.92 $925.17 $0.00 $1,342.38 $239,682.47
161 $239,682.47 $925.17 $0.00 $1,355.20 $241,962.84
162 $241,962.84 $925.17 $0.00 $1,368.09 $244,256.10
163 $244,256.10 $925.17 $0.00 $1,381.06 $246,562.33
164 $246,562.33 $925.17 $0.00 $1,394.10 $248,881.60
165 $248,881.60 $925.17 $0.00 $1,407.21 $251,213.98
166 $251,213.98 $925.17 $0.00 $1,420.40 $253,559.55
167 $253,559.55 $925.17 $0.00 $1,433.66 $255,918.38
168 $255,918.38 $925.17 $0.00 $1,447.00 $258,290.55
169 $258,290.55 $925.17 $0.00 $1,460.41 $260,676.13
170 $260,676.13 $925.17 $0.00 $1,473.90 $263,075.20
171 $263,075.20 $925.17 $0.00 $1,487.47 $265,487.84
172 $265,487.84 $925.17 $0.00 $1,501.11 $267,914.12
173 $267,914.12 $925.17 $0.00 $1,514.83 $270,354.12
174 $270,354.12 $925.17 $0.00 $1,528.62 $272,807.91
175 $272,807.91 $925.17 $0.00 $1,542.50 $275,275.58
176 $275,275.58 $925.17 $0.00 $1,556.45 $277,757.20
177 $277,757.20 $925.17 $0.00 $1,570.48 $280,252.85
178 $280,252.85 $925.17 $0.00 $1,584.59 $282,762.61
179 $282,762.61 $925.17 $0.00 $1,598.78 $285,286.56
180 $285,286.56 $925.17 $0.00 $1,613.05 $287,824.78
181 $287,824.78 $925.17 $0.00 $1,627.40 $290,377.35
182 $290,377.35 $925.17 $0.00 $1,641.84 $292,944.36
183 $292,944.36 $925.17 $0.00 $1,656.35 $295,525.88
184 $295,525.88 $925.17 $0.00 $1,670.95 $298,122.00
185 $298,122.00 $925.17 $0.00 $1,685.63 $300,732.80
186 $300,732.80 $925.17 $0.00 $1,700.39 $303,358.36
187 $303,358.36 $925.17 $0.00 $1,715.23 $305,998.76
188 $305,998.76 $925.17 $0.00 $1,730.16 $308,654.09
189 $308,654.09 $925.17 $0.00 $1,745.18 $311,324.44
190 $311,324.44 $925.17 $0.00 $1,760.27 $314,009.88
191 $314,009.88 $925.17 $0.00 $1,775.46 $316,710.51
192 $316,710.51 $925.17 $0.00 $1,790.73 $319,426.41
193 $319,426.41 $925.17 $0.00 $1,806.08 $322,157.66
194 $322,157.66 $925.17 $0.00 $1,821.53 $324,904.36
195 $324,904.36 $925.17 $0.00 $1,837.06 $327,666.59
196 $327,666.59 $925.17 $0.00 $1,852.67 $330,444.43
197 $330,444.43 $925.17 $0.00 $1,868.38 $333,237.98
198 $333,237.98 $925.17 $0.00 $1,884.18 $336,047.33
199 $336,047.33 $925.17 $0.00 $1,900.06 $338,872.56
200 $338,872.56 $925.17 $0.00 $1,916.03 $341,713.76
201 $341,713.76 $925.17 $0.00 $1,932.10 $344,571.03
202 $344,571.03 $925.17 $0.00 $1,948.25 $347,444.45
203 $347,444.45 $925.17 $0.00 $1,964.50 $350,334.12
204 $350,334.12 $925.17 $0.00 $1,980.84 $353,240.13
205 $353,240.13 $925.17 $0.00 $1,997.27 $356,162.57
206 $356,162.57 $925.17 $0.00 $2,013.79 $359,101.53
207 $359,101.53 $925.17 $0.00 $2,030.41 $362,057.11
208 $362,057.11 $925.17 $0.00 $2,047.12 $365,029.40
209 $365,029.40 $925.17 $0.00 $2,063.93 $368,018.50
210 $368,018.50 $925.17 $0.00 $2,080.83 $371,024.50
211 $371,024.50 $925.17 $0.00 $2,097.83 $374,047.50
212 $374,047.50 $925.17 $0.00 $2,114.92 $377,087.59
213 $377,087.59 $925.17 $0.00 $2,132.11 $380,144.87
214 $380,144.87 $925.17 $0.00 $2,149.39 $383,219.43
215 $383,219.43 $925.17 $0.00 $2,166.78 $386,311.38
216 $386,311.38 $925.17 $0.00 $2,184.26 $389,420.81
217 $389,420.81 $925.17 $108,466.33 $2,201.84 $284,081.49
218 $284,081.49 $925.17 $0.00 $1,606.24 $286,612.90
219 $286,612.90 $925.17 $0.00 $1,620.55 $289,158.62
220 $289,158.62 $925.17 $0.00 $1,634.94 $291,718.73
221 $291,718.73 $925.17 $0.00 $1,649.42 $294,293.32
222 $294,293.32 $925.17 $0.00 $1,663.98 $296,882.47
223 $296,882.47 $925.17 $0.00 $1,678.62 $299,486.26
224 $299,486.26 $925.17 $0.00 $1,693.34 $302,104.77
225 $302,104.77 $925.17 $0.00 $1,708.14 $304,738.08
226 $304,738.08 $925.17 $0.00 $1,723.03 $307,386.28
227 $307,386.28 $925.17 $0.00 $1,738.01 $310,049.46
228 $310,049.46 $925.17 $0.00 $1,753.06 $312,727.69
229 $312,727.69 $925.17 $113,889.65 $1,768.21 $201,531.42
230 $201,531.42 $925.17 $0.00 $1,139.49 $203,596.08
231 $203,596.08 $925.17 $0.00 $1,151.16 $205,672.41
232 $205,672.41 $925.17 $0.00 $1,162.90 $207,760.48
233 $207,760.48 $925.17 $0.00 $1,174.71 $209,860.36
234 $209,860.36 $925.17 $0.00 $1,186.58 $211,972.11
235 $211,972.11 $925.17 $0.00 $1,198.52 $214,095.80
236 $214,095.80 $925.17 $0.00 $1,210.53 $216,231.50
237 $216,231.50 $925.17 $0.00 $1,222.60 $218,379.27
238 $218,379.27 $925.17 $0.00 $1,234.75 $220,539.19
239 $220,539.19 $925.17 $0.00 $1,246.96 $222,711.32
240 $222,711.32 $925.17 $0.00 $1,259.24 $224,895.73
241 $224,895.73 $925.17 $119,584.13 $1,271.59 $107,508.36
242 $107,508.36 $925.17 $0.00 $607.87 $109,041.40
243 $109,041.40 $925.17 $0.00 $616.54 $110,583.11
244 $110,583.11 $925.17 $0.00 $625.25 $112,133.53
245 $112,133.53 $925.17 $0.00 $634.02 $113,692.72
246 $113,692.72 $925.17 $0.00 $642.84 $115,260.73
247 $115,260.73 $925.17 $0.00 $651.70 $116,837.60
248 $116,837.60 $925.17 $0.00 $660.62 $118,423.39
249 $118,423.39 $925.17 $0.00 $669.58 $120,018.14
250 $120,018.14 $925.17 $0.00 $678.60 $121,621.91
251 $121,621.91 $925.17 $0.00 $687.67 $123,234.75
252 $123,234.75 $925.17 $0.00 $696.79 $124,856.71
253 $124,856.71 $0.00 $125,563.33 $705.96 ($0.66)