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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$120,356
Monthly savings required$953

How much will it cost to send your child to MidAmerica Nazarene University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $481,423.77 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $952.72 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$46,412.00
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 $952.72 $0.00 $0.00 $952.72
2 $952.72 $952.72 $0.00 $5.39 $1,910.83
3 $1,910.83 $952.72 $0.00 $10.80 $2,874.35
4 $2,874.35 $952.72 $0.00 $16.25 $3,843.32
5 $3,843.32 $952.72 $0.00 $21.73 $4,817.77
6 $4,817.77 $952.72 $0.00 $27.24 $5,797.73
7 $5,797.73 $952.72 $0.00 $32.78 $6,783.23
8 $6,783.23 $952.72 $0.00 $38.35 $7,774.30
9 $7,774.30 $952.72 $0.00 $43.96 $8,770.98
10 $8,770.98 $952.72 $0.00 $49.59 $9,773.29
11 $9,773.29 $952.72 $0.00 $55.26 $10,781.27
12 $10,781.27 $952.72 $0.00 $60.96 $11,794.95
13 $11,794.95 $952.72 $0.00 $66.69 $12,814.36
14 $12,814.36 $952.72 $0.00 $72.45 $13,839.53
15 $13,839.53 $952.72 $0.00 $78.25 $14,870.50
16 $14,870.50 $952.72 $0.00 $84.08 $15,907.30
17 $15,907.30 $952.72 $0.00 $89.94 $16,949.96
18 $16,949.96 $952.72 $0.00 $95.84 $17,998.52
19 $17,998.52 $952.72 $0.00 $101.77 $19,053.01
20 $19,053.01 $952.72 $0.00 $107.73 $20,113.46
21 $20,113.46 $952.72 $0.00 $113.72 $21,179.90
22 $21,179.90 $952.72 $0.00 $119.75 $22,252.37
23 $22,252.37 $952.72 $0.00 $125.82 $23,330.91
24 $23,330.91 $952.72 $0.00 $131.92 $24,415.55
25 $24,415.55 $952.72 $0.00 $138.05 $25,506.32
26 $25,506.32 $952.72 $0.00 $144.22 $26,603.26
27 $26,603.26 $952.72 $0.00 $150.42 $27,706.40
28 $27,706.40 $952.72 $0.00 $156.66 $28,815.78
29 $28,815.78 $952.72 $0.00 $162.93 $29,931.43
30 $29,931.43 $952.72 $0.00 $169.24 $31,053.39
31 $31,053.39 $952.72 $0.00 $175.58 $32,181.69
32 $32,181.69 $952.72 $0.00 $181.96 $33,316.37
33 $33,316.37 $952.72 $0.00 $188.38 $34,457.47
34 $34,457.47 $952.72 $0.00 $194.83 $35,605.02
35 $35,605.02 $952.72 $0.00 $201.32 $36,759.06
36 $36,759.06 $952.72 $0.00 $207.84 $37,919.62
37 $37,919.62 $952.72 $0.00 $214.40 $39,086.74
38 $39,086.74 $952.72 $0.00 $221.00 $40,260.46
39 $40,260.46 $952.72 $0.00 $227.64 $41,440.82
40 $41,440.82 $952.72 $0.00 $234.31 $42,627.85
41 $42,627.85 $952.72 $0.00 $241.02 $43,821.59
42 $43,821.59 $952.72 $0.00 $247.77 $45,022.08
43 $45,022.08 $952.72 $0.00 $254.56 $46,229.36
44 $46,229.36 $952.72 $0.00 $261.39 $47,443.47
45 $47,443.47 $952.72 $0.00 $268.25 $48,664.44
46 $48,664.44 $952.72 $0.00 $275.16 $49,892.32
47 $49,892.32 $952.72 $0.00 $282.10 $51,127.14
48 $51,127.14 $952.72 $0.00 $289.08 $52,368.94
49 $52,368.94 $952.72 $0.00 $296.10 $53,617.76
50 $53,617.76 $952.72 $0.00 $303.16 $54,873.64
51 $54,873.64 $952.72 $0.00 $310.26 $56,136.62
52 $56,136.62 $952.72 $0.00 $317.40 $57,406.74
53 $57,406.74 $952.72 $0.00 $324.59 $58,684.05
54 $58,684.05 $952.72 $0.00 $331.81 $59,968.58
55 $59,968.58 $952.72 $0.00 $339.07 $61,260.37
56 $61,260.37 $952.72 $0.00 $346.38 $62,559.47
57 $62,559.47 $952.72 $0.00 $353.72 $63,865.91
58 $63,865.91 $952.72 $0.00 $361.11 $65,179.74
59 $65,179.74 $952.72 $0.00 $368.54 $66,501.00
60 $66,501.00 $952.72 $0.00 $376.01 $67,829.73
61 $67,829.73 $952.72 $0.00 $383.52 $69,165.97
62 $69,165.97 $952.72 $0.00 $391.07 $70,509.76
63 $70,509.76 $952.72 $0.00 $398.67 $71,861.15
64 $71,861.15 $952.72 $0.00 $406.31 $73,220.18
65 $73,220.18 $952.72 $0.00 $414.00 $74,586.90
66 $74,586.90 $952.72 $0.00 $421.73 $75,961.35
67 $75,961.35 $952.72 $0.00 $429.50 $77,343.57
68 $77,343.57 $952.72 $0.00 $437.31 $78,733.60
69 $78,733.60 $952.72 $0.00 $445.17 $80,131.49
70 $80,131.49 $952.72 $0.00 $453.08 $81,537.29
71 $81,537.29 $952.72 $0.00 $461.02 $82,951.03
72 $82,951.03 $952.72 $0.00 $469.02 $84,372.77
73 $84,372.77 $952.72 $0.00 $477.06 $85,802.55
74 $85,802.55 $952.72 $0.00 $485.14 $87,240.41
75 $87,240.41 $952.72 $0.00 $493.27 $88,686.40
76 $88,686.40 $952.72 $0.00 $501.45 $90,140.57
77 $90,140.57 $952.72 $0.00 $509.67 $91,602.96
78 $91,602.96 $952.72 $0.00 $517.94 $93,073.62
79 $93,073.62 $952.72 $0.00 $526.25 $94,552.59
80 $94,552.59 $952.72 $0.00 $534.61 $96,039.92
81 $96,039.92 $952.72 $0.00 $543.02 $97,535.66
82 $97,535.66 $952.72 $0.00 $551.48 $99,039.86
83 $99,039.86 $952.72 $0.00 $559.99 $100,552.57
84 $100,552.57 $952.72 $0.00 $568.54 $102,073.83
85 $102,073.83 $952.72 $0.00 $577.14 $103,603.69
86 $103,603.69 $952.72 $0.00 $585.79 $105,142.20
87 $105,142.20 $952.72 $0.00 $594.49 $106,689.41
88 $106,689.41 $952.72 $0.00 $603.24 $108,245.37
89 $108,245.37 $952.72 $0.00 $612.04 $109,810.13
90 $109,810.13 $952.72 $0.00 $620.88 $111,383.73
91 $111,383.73 $952.72 $0.00 $629.78 $112,966.23
92 $112,966.23 $952.72 $0.00 $638.73 $114,557.68
93 $114,557.68 $952.72 $0.00 $647.73 $116,158.13
94 $116,158.13 $952.72 $0.00 $656.77 $117,767.62
95 $117,767.62 $952.72 $0.00 $665.88 $119,386.22
96 $119,386.22 $952.72 $0.00 $675.03 $121,013.97
97 $121,013.97 $952.72 $0.00 $684.23 $122,650.92
98 $122,650.92 $952.72 $0.00 $693.49 $124,297.13
99 $124,297.13 $952.72 $0.00 $702.79 $125,952.64
100 $125,952.64 $952.72 $0.00 $712.15 $127,617.51
101 $127,617.51 $952.72 $0.00 $721.57 $129,291.80
102 $129,291.80 $952.72 $0.00 $731.03 $130,975.55
103 $130,975.55 $952.72 $0.00 $740.55 $132,668.82
104 $132,668.82 $952.72 $0.00 $750.13 $134,371.67
105 $134,371.67 $952.72 $0.00 $759.76 $136,084.15
106 $136,084.15 $952.72 $0.00 $769.44 $137,806.31
107 $137,806.31 $952.72 $0.00 $779.18 $139,538.21
108 $139,538.21 $952.72 $0.00 $788.97 $141,279.90
109 $141,279.90 $952.72 $0.00 $798.82 $143,031.44
110 $143,031.44 $952.72 $0.00 $808.72 $144,792.88
111 $144,792.88 $952.72 $0.00 $818.68 $146,564.28
112 $146,564.28 $952.72 $0.00 $828.70 $148,345.70
113 $148,345.70 $952.72 $0.00 $838.77 $150,137.19
114 $150,137.19 $952.72 $0.00 $848.90 $151,938.81
115 $151,938.81 $952.72 $0.00 $859.08 $153,750.61
116 $153,750.61 $952.72 $0.00 $869.33 $155,572.66
117 $155,572.66 $952.72 $0.00 $879.63 $157,405.01
118 $157,405.01 $952.72 $0.00 $889.99 $159,247.72
119 $159,247.72 $952.72 $0.00 $900.41 $161,100.85
120 $161,100.85 $952.72 $0.00 $910.89 $162,964.46
121 $162,964.46 $952.72 $0.00 $921.42 $164,838.60
122 $164,838.60 $952.72 $0.00 $932.02 $166,723.34
123 $166,723.34 $952.72 $0.00 $942.68 $168,618.74
124 $168,618.74 $952.72 $0.00 $953.39 $170,524.85
125 $170,524.85 $952.72 $0.00 $964.17 $172,441.74
126 $172,441.74 $952.72 $0.00 $975.01 $174,369.47
127 $174,369.47 $952.72 $0.00 $985.91 $176,308.10
128 $176,308.10 $952.72 $0.00 $996.87 $178,257.69
129 $178,257.69 $952.72 $0.00 $1,007.89 $180,218.30
130 $180,218.30 $952.72 $0.00 $1,018.98 $182,190.00
131 $182,190.00 $952.72 $0.00 $1,030.13 $184,172.85
132 $184,172.85 $952.72 $0.00 $1,041.34 $186,166.91
133 $186,166.91 $952.72 $0.00 $1,052.61 $188,172.24
134 $188,172.24 $952.72 $0.00 $1,063.95 $190,188.91
135 $190,188.91 $952.72 $0.00 $1,075.36 $192,216.99
136 $192,216.99 $952.72 $0.00 $1,086.82 $194,256.53
137 $194,256.53 $952.72 $0.00 $1,098.35 $196,307.60
138 $196,307.60 $952.72 $0.00 $1,109.95 $198,370.27
139 $198,370.27 $952.72 $0.00 $1,121.61 $200,444.60
140 $200,444.60 $952.72 $0.00 $1,133.34 $202,530.66
141 $202,530.66 $952.72 $0.00 $1,145.14 $204,628.52
142 $204,628.52 $952.72 $0.00 $1,157.00 $206,738.24
143 $206,738.24 $952.72 $0.00 $1,168.93 $208,859.89
144 $208,859.89 $952.72 $0.00 $1,180.92 $210,993.53
145 $210,993.53 $952.72 $0.00 $1,192.99 $213,139.24
146 $213,139.24 $952.72 $0.00 $1,205.12 $215,297.08
147 $215,297.08 $952.72 $0.00 $1,217.32 $217,467.12
148 $217,467.12 $952.72 $0.00 $1,229.59 $219,649.43
149 $219,649.43 $952.72 $0.00 $1,241.93 $221,844.08
150 $221,844.08 $952.72 $0.00 $1,254.34 $224,051.14
151 $224,051.14 $952.72 $0.00 $1,266.82 $226,270.68
152 $226,270.68 $952.72 $0.00 $1,279.37 $228,502.77
153 $228,502.77 $952.72 $0.00 $1,291.99 $230,747.48
154 $230,747.48 $952.72 $0.00 $1,304.68 $233,004.88
155 $233,004.88 $952.72 $0.00 $1,317.44 $235,275.04
156 $235,275.04 $952.72 $0.00 $1,330.28 $237,558.04
157 $237,558.04 $952.72 $0.00 $1,343.19 $239,853.95
158 $239,853.95 $952.72 $0.00 $1,356.17 $242,162.84
159 $242,162.84 $952.72 $0.00 $1,369.22 $244,484.78
160 $244,484.78 $952.72 $0.00 $1,382.35 $246,819.85
161 $246,819.85 $952.72 $0.00 $1,395.56 $249,168.13
162 $249,168.13 $952.72 $0.00 $1,408.83 $251,529.68
163 $251,529.68 $952.72 $0.00 $1,422.19 $253,904.59
164 $253,904.59 $952.72 $0.00 $1,435.61 $256,292.92
165 $256,292.92 $952.72 $0.00 $1,449.12 $258,694.76
166 $258,694.76 $952.72 $0.00 $1,462.70 $261,110.18
167 $261,110.18 $952.72 $0.00 $1,476.35 $263,539.25
168 $263,539.25 $952.72 $0.00 $1,490.09 $265,982.06
169 $265,982.06 $952.72 $0.00 $1,503.90 $268,438.68
170 $268,438.68 $952.72 $0.00 $1,517.79 $270,909.19
171 $270,909.19 $952.72 $0.00 $1,531.76 $273,393.67
172 $273,393.67 $952.72 $0.00 $1,545.81 $275,892.20
173 $275,892.20 $952.72 $0.00 $1,559.93 $278,404.85
174 $278,404.85 $952.72 $0.00 $1,574.14 $280,931.71
175 $280,931.71 $952.72 $0.00 $1,588.43 $283,472.86
176 $283,472.86 $952.72 $0.00 $1,602.80 $286,028.38
177 $286,028.38 $952.72 $0.00 $1,617.25 $288,598.35
178 $288,598.35 $952.72 $0.00 $1,631.78 $291,182.85
179 $291,182.85 $952.72 $0.00 $1,646.39 $293,781.96
180 $293,781.96 $952.72 $0.00 $1,661.09 $296,395.77
181 $296,395.77 $952.72 $0.00 $1,675.86 $299,024.35
182 $299,024.35 $952.72 $0.00 $1,690.73 $301,667.80
183 $301,667.80 $952.72 $0.00 $1,705.67 $304,326.19
184 $304,326.19 $952.72 $0.00 $1,720.70 $306,999.61
185 $306,999.61 $952.72 $0.00 $1,735.82 $309,688.15
186 $309,688.15 $952.72 $0.00 $1,751.02 $312,391.89
187 $312,391.89 $952.72 $0.00 $1,766.31 $315,110.92
188 $315,110.92 $952.72 $0.00 $1,781.68 $317,845.32
189 $317,845.32 $952.72 $0.00 $1,797.14 $320,595.18
190 $320,595.18 $952.72 $0.00 $1,812.69 $323,360.59
191 $323,360.59 $952.72 $0.00 $1,828.33 $326,141.64
192 $326,141.64 $952.72 $0.00 $1,844.05 $328,938.41
193 $328,938.41 $952.72 $0.00 $1,859.87 $331,751.00
194 $331,751.00 $952.72 $0.00 $1,875.77 $334,579.49
195 $334,579.49 $952.72 $0.00 $1,891.76 $337,423.97
196 $337,423.97 $952.72 $0.00 $1,907.84 $340,284.53
197 $340,284.53 $952.72 $0.00 $1,924.02 $343,161.27
198 $343,161.27 $952.72 $0.00 $1,940.28 $346,054.27
199 $346,054.27 $952.72 $0.00 $1,956.64 $348,963.63
200 $348,963.63 $952.72 $0.00 $1,973.09 $351,889.44
201 $351,889.44 $952.72 $0.00 $1,989.63 $354,831.79
202 $354,831.79 $952.72 $0.00 $2,006.27 $357,790.78
203 $357,790.78 $952.72 $0.00 $2,023.00 $360,766.50
204 $360,766.50 $952.72 $0.00 $2,039.83 $363,759.05
205 $363,759.05 $952.72 $0.00 $2,056.75 $366,768.52
206 $366,768.52 $952.72 $0.00 $2,073.76 $369,795.00
207 $369,795.00 $952.72 $0.00 $2,090.87 $372,838.59
208 $372,838.59 $952.72 $0.00 $2,108.08 $375,899.39
209 $375,899.39 $952.72 $0.00 $2,125.39 $378,977.50
210 $378,977.50 $952.72 $0.00 $2,142.79 $382,073.01
211 $382,073.01 $952.72 $0.00 $2,160.30 $385,186.03
212 $385,186.03 $952.72 $0.00 $2,177.90 $388,316.65
213 $388,316.65 $952.72 $0.00 $2,195.60 $391,464.97
214 $391,464.97 $952.72 $0.00 $2,213.40 $394,631.09
215 $394,631.09 $952.72 $0.00 $2,231.30 $397,815.11
216 $397,815.11 $952.72 $0.00 $2,249.30 $401,017.13
217 $401,017.13 $952.72 $111,696.01 $2,267.41 $292,541.25
218 $292,541.25 $952.72 $0.00 $1,654.07 $295,148.04
219 $295,148.04 $952.72 $0.00 $1,668.81 $297,769.57
220 $297,769.57 $952.72 $0.00 $1,683.63 $300,405.92
221 $300,405.92 $952.72 $0.00 $1,698.54 $303,057.18
222 $303,057.18 $952.72 $0.00 $1,713.53 $305,723.43
223 $305,723.43 $952.72 $0.00 $1,728.60 $308,404.75
224 $308,404.75 $952.72 $0.00 $1,743.77 $311,101.24
225 $311,101.24 $952.72 $0.00 $1,759.01 $313,812.97
226 $313,812.97 $952.72 $0.00 $1,774.34 $316,540.03
227 $316,540.03 $952.72 $0.00 $1,789.76 $319,282.51
228 $319,282.51 $952.72 $0.00 $1,805.27 $322,040.50
229 $322,040.50 $952.72 $117,280.81 $1,820.86 $207,533.27
230 $207,533.27 $952.72 $0.00 $1,173.42 $209,659.41
231 $209,659.41 $952.72 $0.00 $1,185.44 $211,797.57
232 $211,797.57 $952.72 $0.00 $1,197.53 $213,947.82
233 $213,947.82 $952.72 $0.00 $1,209.69 $216,110.23
234 $216,110.23 $952.72 $0.00 $1,221.92 $218,284.87
235 $218,284.87 $952.72 $0.00 $1,234.21 $220,471.80
236 $220,471.80 $952.72 $0.00 $1,246.58 $222,671.10
237 $222,671.10 $952.72 $0.00 $1,259.01 $224,882.83
238 $224,882.83 $952.72 $0.00 $1,271.52 $227,107.07
239 $227,107.07 $952.72 $0.00 $1,284.10 $229,343.89
240 $229,343.89 $952.72 $0.00 $1,296.74 $231,593.35
241 $231,593.35 $952.72 $123,144.85 $1,309.46 $110,710.68
242 $110,710.68 $952.72 $0.00 $625.97 $112,289.37
243 $112,289.37 $952.72 $0.00 $634.90 $113,876.99
244 $113,876.99 $952.72 $0.00 $643.88 $115,473.59
245 $115,473.59 $952.72 $0.00 $652.90 $117,079.21
246 $117,079.21 $952.72 $0.00 $661.98 $118,693.91
247 $118,693.91 $952.72 $0.00 $671.11 $120,317.74
248 $120,317.74 $952.72 $0.00 $680.29 $121,950.75
249 $121,950.75 $952.72 $0.00 $689.53 $123,593.00
250 $123,593.00 $952.72 $0.00 $698.81 $125,244.53
251 $125,244.53 $952.72 $0.00 $708.15 $126,905.40
252 $126,905.40 $952.72 $0.00 $717.54 $128,575.66
253 $128,575.66 $0.00 $129,302.10 $726.99 $0.55