Savings Plan and Future Cost Estimation for Newman University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$118,727
Monthly savings required$940

How much will it cost to send your child to Newman University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $474,909.64 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $939.82 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$45,784.00
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 $939.82 $0.00 $0.00 $939.82
2 $939.82 $939.82 $0.00 $5.31 $1,884.95
3 $1,884.95 $939.82 $0.00 $10.66 $2,835.43
4 $2,835.43 $939.82 $0.00 $16.03 $3,791.28
5 $3,791.28 $939.82 $0.00 $21.44 $4,752.54
6 $4,752.54 $939.82 $0.00 $26.87 $5,719.23
7 $5,719.23 $939.82 $0.00 $32.34 $6,691.39
8 $6,691.39 $939.82 $0.00 $37.83 $7,669.04
9 $7,669.04 $939.82 $0.00 $43.36 $8,652.22
10 $8,652.22 $939.82 $0.00 $48.92 $9,640.96
11 $9,640.96 $939.82 $0.00 $54.51 $10,635.29
12 $10,635.29 $939.82 $0.00 $60.13 $11,635.24
13 $11,635.24 $939.82 $0.00 $65.79 $12,640.85
14 $12,640.85 $939.82 $0.00 $71.47 $13,652.14
15 $13,652.14 $939.82 $0.00 $77.19 $14,669.15
16 $14,669.15 $939.82 $0.00 $82.94 $15,691.91
17 $15,691.91 $939.82 $0.00 $88.72 $16,720.45
18 $16,720.45 $939.82 $0.00 $94.54 $17,754.81
19 $17,754.81 $939.82 $0.00 $100.39 $18,795.02
20 $18,795.02 $939.82 $0.00 $106.27 $19,841.11
21 $19,841.11 $939.82 $0.00 $112.18 $20,893.11
22 $20,893.11 $939.82 $0.00 $118.13 $21,951.06
23 $21,951.06 $939.82 $0.00 $124.11 $23,014.99
24 $23,014.99 $939.82 $0.00 $130.13 $24,084.94
25 $24,084.94 $939.82 $0.00 $136.18 $25,160.94
26 $25,160.94 $939.82 $0.00 $142.26 $26,243.02
27 $26,243.02 $939.82 $0.00 $148.38 $27,331.22
28 $27,331.22 $939.82 $0.00 $154.53 $28,425.57
29 $28,425.57 $939.82 $0.00 $160.72 $29,526.11
30 $29,526.11 $939.82 $0.00 $166.94 $30,632.87
31 $30,632.87 $939.82 $0.00 $173.20 $31,745.89
32 $31,745.89 $939.82 $0.00 $179.50 $32,865.21
33 $32,865.21 $939.82 $0.00 $185.82 $33,990.85
34 $33,990.85 $939.82 $0.00 $192.19 $35,122.86
35 $35,122.86 $939.82 $0.00 $198.59 $36,261.27
36 $36,261.27 $939.82 $0.00 $205.03 $37,406.12
37 $37,406.12 $939.82 $0.00 $211.50 $38,557.44
38 $38,557.44 $939.82 $0.00 $218.01 $39,715.27
39 $39,715.27 $939.82 $0.00 $224.56 $40,879.65
40 $40,879.65 $939.82 $0.00 $231.14 $42,050.61
41 $42,050.61 $939.82 $0.00 $237.76 $43,228.19
42 $43,228.19 $939.82 $0.00 $244.42 $44,412.43
43 $44,412.43 $939.82 $0.00 $251.11 $45,603.36
44 $45,603.36 $939.82 $0.00 $257.85 $46,801.03
45 $46,801.03 $939.82 $0.00 $264.62 $48,005.47
46 $48,005.47 $939.82 $0.00 $271.43 $49,216.72
47 $49,216.72 $939.82 $0.00 $278.28 $50,434.82
48 $50,434.82 $939.82 $0.00 $285.17 $51,659.81
49 $51,659.81 $939.82 $0.00 $292.09 $52,891.72
50 $52,891.72 $939.82 $0.00 $299.06 $54,130.60
51 $54,130.60 $939.82 $0.00 $306.06 $55,376.48
52 $55,376.48 $939.82 $0.00 $313.11 $56,629.41
53 $56,629.41 $939.82 $0.00 $320.19 $57,889.42
54 $57,889.42 $939.82 $0.00 $327.32 $59,156.56
55 $59,156.56 $939.82 $0.00 $334.48 $60,430.86
56 $60,430.86 $939.82 $0.00 $341.68 $61,712.36
57 $61,712.36 $939.82 $0.00 $348.93 $63,001.11
58 $63,001.11 $939.82 $0.00 $356.22 $64,297.15
59 $64,297.15 $939.82 $0.00 $363.55 $65,600.52
60 $65,600.52 $939.82 $0.00 $370.91 $66,911.25
61 $66,911.25 $939.82 $0.00 $378.33 $68,229.40
62 $68,229.40 $939.82 $0.00 $385.78 $69,555.00
63 $69,555.00 $939.82 $0.00 $393.27 $70,888.09
64 $70,888.09 $939.82 $0.00 $400.81 $72,228.72
65 $72,228.72 $939.82 $0.00 $408.39 $73,576.93
66 $73,576.93 $939.82 $0.00 $416.01 $74,932.76
67 $74,932.76 $939.82 $0.00 $423.68 $76,296.26
68 $76,296.26 $939.82 $0.00 $431.39 $77,667.47
69 $77,667.47 $939.82 $0.00 $439.14 $79,046.43
70 $79,046.43 $939.82 $0.00 $446.94 $80,433.19
71 $80,433.19 $939.82 $0.00 $454.78 $81,827.79
72 $81,827.79 $939.82 $0.00 $462.67 $83,230.28
73 $83,230.28 $939.82 $0.00 $470.60 $84,640.70
74 $84,640.70 $939.82 $0.00 $478.57 $86,059.09
75 $86,059.09 $939.82 $0.00 $486.59 $87,485.50
76 $87,485.50 $939.82 $0.00 $494.66 $88,919.98
77 $88,919.98 $939.82 $0.00 $502.77 $90,362.57
78 $90,362.57 $939.82 $0.00 $510.92 $91,813.31
79 $91,813.31 $939.82 $0.00 $519.13 $93,272.26
80 $93,272.26 $939.82 $0.00 $527.37 $94,739.45
81 $94,739.45 $939.82 $0.00 $535.67 $96,214.94
82 $96,214.94 $939.82 $0.00 $544.01 $97,698.77
83 $97,698.77 $939.82 $0.00 $552.40 $99,190.99
84 $99,190.99 $939.82 $0.00 $560.84 $100,691.65
85 $100,691.65 $939.82 $0.00 $569.33 $102,200.80
86 $102,200.80 $939.82 $0.00 $577.86 $103,718.48
87 $103,718.48 $939.82 $0.00 $586.44 $105,244.74
88 $105,244.74 $939.82 $0.00 $595.07 $106,779.63
89 $106,779.63 $939.82 $0.00 $603.75 $108,323.20
90 $108,323.20 $939.82 $0.00 $612.48 $109,875.50
91 $109,875.50 $939.82 $0.00 $621.25 $111,436.57
92 $111,436.57 $939.82 $0.00 $630.08 $113,006.47
93 $113,006.47 $939.82 $0.00 $638.96 $114,585.25
94 $114,585.25 $939.82 $0.00 $647.88 $116,172.95
95 $116,172.95 $939.82 $0.00 $656.86 $117,769.63
96 $117,769.63 $939.82 $0.00 $665.89 $119,375.34
97 $119,375.34 $939.82 $0.00 $674.97 $120,990.13
98 $120,990.13 $939.82 $0.00 $684.10 $122,614.05
99 $122,614.05 $939.82 $0.00 $693.28 $124,247.15
100 $124,247.15 $939.82 $0.00 $702.51 $125,889.48
101 $125,889.48 $939.82 $0.00 $711.80 $127,541.10
102 $127,541.10 $939.82 $0.00 $721.14 $129,202.06
103 $129,202.06 $939.82 $0.00 $730.53 $130,872.41
104 $130,872.41 $939.82 $0.00 $739.97 $132,552.20
105 $132,552.20 $939.82 $0.00 $749.47 $134,241.49
106 $134,241.49 $939.82 $0.00 $759.02 $135,940.33
107 $135,940.33 $939.82 $0.00 $768.63 $137,648.78
108 $137,648.78 $939.82 $0.00 $778.29 $139,366.89
109 $139,366.89 $939.82 $0.00 $788.00 $141,094.71
110 $141,094.71 $939.82 $0.00 $797.77 $142,832.30
111 $142,832.30 $939.82 $0.00 $807.59 $144,579.71
112 $144,579.71 $939.82 $0.00 $817.47 $146,337.00
113 $146,337.00 $939.82 $0.00 $827.41 $148,104.23
114 $148,104.23 $939.82 $0.00 $837.40 $149,881.45
115 $149,881.45 $939.82 $0.00 $847.45 $151,668.72
116 $151,668.72 $939.82 $0.00 $857.56 $153,466.10
117 $153,466.10 $939.82 $0.00 $867.72 $155,273.64
118 $155,273.64 $939.82 $0.00 $877.94 $157,091.40
119 $157,091.40 $939.82 $0.00 $888.22 $158,919.44
120 $158,919.44 $939.82 $0.00 $898.55 $160,757.81
121 $160,757.81 $939.82 $0.00 $908.95 $162,606.58
122 $162,606.58 $939.82 $0.00 $919.40 $164,465.80
123 $164,465.80 $939.82 $0.00 $929.91 $166,335.53
124 $166,335.53 $939.82 $0.00 $940.49 $168,215.84
125 $168,215.84 $939.82 $0.00 $951.12 $170,106.78
126 $170,106.78 $939.82 $0.00 $961.81 $172,008.41
127 $172,008.41 $939.82 $0.00 $972.56 $173,920.79
128 $173,920.79 $939.82 $0.00 $983.37 $175,843.98
129 $175,843.98 $939.82 $0.00 $994.25 $177,778.05
130 $177,778.05 $939.82 $0.00 $1,005.18 $179,723.05
131 $179,723.05 $939.82 $0.00 $1,016.18 $181,679.05
132 $181,679.05 $939.82 $0.00 $1,027.24 $183,646.11
133 $183,646.11 $939.82 $0.00 $1,038.36 $185,624.29
134 $185,624.29 $939.82 $0.00 $1,049.55 $187,613.66
135 $187,613.66 $939.82 $0.00 $1,060.79 $189,614.27
136 $189,614.27 $939.82 $0.00 $1,072.11 $191,626.20
137 $191,626.20 $939.82 $0.00 $1,083.48 $193,649.50
138 $193,649.50 $939.82 $0.00 $1,094.92 $195,684.24
139 $195,684.24 $939.82 $0.00 $1,106.43 $197,730.49
140 $197,730.49 $939.82 $0.00 $1,118.00 $199,788.31
141 $199,788.31 $939.82 $0.00 $1,129.63 $201,857.76
142 $201,857.76 $939.82 $0.00 $1,141.33 $203,938.91
143 $203,938.91 $939.82 $0.00 $1,153.10 $206,031.83
144 $206,031.83 $939.82 $0.00 $1,164.93 $208,136.58
145 $208,136.58 $939.82 $0.00 $1,176.83 $210,253.23
146 $210,253.23 $939.82 $0.00 $1,188.80 $212,381.85
147 $212,381.85 $939.82 $0.00 $1,200.84 $214,522.51
148 $214,522.51 $939.82 $0.00 $1,212.94 $216,675.27
149 $216,675.27 $939.82 $0.00 $1,225.11 $218,840.20
150 $218,840.20 $939.82 $0.00 $1,237.35 $221,017.37
151 $221,017.37 $939.82 $0.00 $1,249.66 $223,206.85
152 $223,206.85 $939.82 $0.00 $1,262.04 $225,408.71
153 $225,408.71 $939.82 $0.00 $1,274.49 $227,623.02
154 $227,623.02 $939.82 $0.00 $1,287.01 $229,849.85
155 $229,849.85 $939.82 $0.00 $1,299.60 $232,089.27
156 $232,089.27 $939.82 $0.00 $1,312.27 $234,341.36
157 $234,341.36 $939.82 $0.00 $1,325.00 $236,606.18
158 $236,606.18 $939.82 $0.00 $1,337.81 $238,883.81
159 $238,883.81 $939.82 $0.00 $1,350.68 $241,174.31
160 $241,174.31 $939.82 $0.00 $1,363.63 $243,477.76
161 $243,477.76 $939.82 $0.00 $1,376.66 $245,794.24
162 $245,794.24 $939.82 $0.00 $1,389.76 $248,123.82
163 $248,123.82 $939.82 $0.00 $1,402.93 $250,466.57
164 $250,466.57 $939.82 $0.00 $1,416.17 $252,822.56
165 $252,822.56 $939.82 $0.00 $1,429.50 $255,191.88
166 $255,191.88 $939.82 $0.00 $1,442.89 $257,574.59
167 $257,574.59 $939.82 $0.00 $1,456.36 $259,970.77
168 $259,970.77 $939.82 $0.00 $1,469.91 $262,380.50
169 $262,380.50 $939.82 $0.00 $1,483.54 $264,803.86
170 $264,803.86 $939.82 $0.00 $1,497.24 $267,240.92
171 $267,240.92 $939.82 $0.00 $1,511.02 $269,691.76
172 $269,691.76 $939.82 $0.00 $1,524.88 $272,156.46
173 $272,156.46 $939.82 $0.00 $1,538.81 $274,635.09
174 $274,635.09 $939.82 $0.00 $1,552.83 $277,127.74
175 $277,127.74 $939.82 $0.00 $1,566.92 $279,634.48
176 $279,634.48 $939.82 $0.00 $1,581.09 $282,155.39
177 $282,155.39 $939.82 $0.00 $1,595.35 $284,690.56
178 $284,690.56 $939.82 $0.00 $1,609.68 $287,240.06
179 $287,240.06 $939.82 $0.00 $1,624.10 $289,803.98
180 $289,803.98 $939.82 $0.00 $1,638.59 $292,382.39
181 $292,382.39 $939.82 $0.00 $1,653.17 $294,975.38
182 $294,975.38 $939.82 $0.00 $1,667.83 $297,583.03
183 $297,583.03 $939.82 $0.00 $1,682.58 $300,205.43
184 $300,205.43 $939.82 $0.00 $1,697.41 $302,842.66
185 $302,842.66 $939.82 $0.00 $1,712.32 $305,494.80
186 $305,494.80 $939.82 $0.00 $1,727.31 $308,161.93
187 $308,161.93 $939.82 $0.00 $1,742.39 $310,844.14
188 $310,844.14 $939.82 $0.00 $1,757.56 $313,541.52
189 $313,541.52 $939.82 $0.00 $1,772.81 $316,254.15
190 $316,254.15 $939.82 $0.00 $1,788.15 $318,982.12
191 $318,982.12 $939.82 $0.00 $1,803.57 $321,725.51
192 $321,725.51 $939.82 $0.00 $1,819.08 $324,484.41
193 $324,484.41 $939.82 $0.00 $1,834.68 $327,258.91
194 $327,258.91 $939.82 $0.00 $1,850.37 $330,049.10
195 $330,049.10 $939.82 $0.00 $1,866.15 $332,855.07
196 $332,855.07 $939.82 $0.00 $1,882.01 $335,676.90
197 $335,676.90 $939.82 $0.00 $1,897.97 $338,514.69
198 $338,514.69 $939.82 $0.00 $1,914.01 $341,368.52
199 $341,368.52 $939.82 $0.00 $1,930.15 $344,238.49
200 $344,238.49 $939.82 $0.00 $1,946.37 $347,124.68
201 $347,124.68 $939.82 $0.00 $1,962.69 $350,027.19
202 $350,027.19 $939.82 $0.00 $1,979.10 $352,946.11
203 $352,946.11 $939.82 $0.00 $1,995.61 $355,881.54
204 $355,881.54 $939.82 $0.00 $2,012.21 $358,833.57
205 $358,833.57 $939.82 $0.00 $2,028.90 $361,802.29
206 $361,802.29 $939.82 $0.00 $2,045.68 $364,787.79
207 $364,787.79 $939.82 $0.00 $2,062.56 $367,790.17
208 $367,790.17 $939.82 $0.00 $2,079.54 $370,809.53
209 $370,809.53 $939.82 $0.00 $2,096.61 $373,845.96
210 $373,845.96 $939.82 $0.00 $2,113.78 $376,899.56
211 $376,899.56 $939.82 $0.00 $2,131.04 $379,970.42
212 $379,970.42 $939.82 $0.00 $2,148.41 $383,058.65
213 $383,058.65 $939.82 $0.00 $2,165.87 $386,164.34
214 $386,164.34 $939.82 $0.00 $2,183.43 $389,287.59
215 $389,287.59 $939.82 $0.00 $2,201.09 $392,428.50
216 $392,428.50 $939.82 $0.00 $2,218.85 $395,587.17
217 $395,587.17 $939.82 $110,184.65 $2,236.71 $288,579.05
218 $288,579.05 $939.82 $0.00 $1,631.67 $291,150.54
219 $291,150.54 $939.82 $0.00 $1,646.21 $293,736.57
220 $293,736.57 $939.82 $0.00 $1,660.83 $296,337.22
221 $296,337.22 $939.82 $0.00 $1,675.53 $298,952.57
222 $298,952.57 $939.82 $0.00 $1,690.32 $301,582.71
223 $301,582.71 $939.82 $0.00 $1,705.19 $304,227.72
224 $304,227.72 $939.82 $0.00 $1,720.15 $306,887.69
225 $306,887.69 $939.82 $0.00 $1,735.19 $309,562.70
226 $309,562.70 $939.82 $0.00 $1,750.31 $312,252.83
227 $312,252.83 $939.82 $0.00 $1,765.52 $314,958.17
228 $314,958.17 $939.82 $0.00 $1,780.82 $317,678.81
229 $317,678.81 $939.82 $115,693.89 $1,796.20 $204,720.94
230 $204,720.94 $939.82 $0.00 $1,157.52 $206,818.28
231 $206,818.28 $939.82 $0.00 $1,169.38 $208,927.48
232 $208,927.48 $939.82 $0.00 $1,181.31 $211,048.61
233 $211,048.61 $939.82 $0.00 $1,193.30 $213,181.73
234 $213,181.73 $939.82 $0.00 $1,205.36 $215,326.91
235 $215,326.91 $939.82 $0.00 $1,217.49 $217,484.22
236 $217,484.22 $939.82 $0.00 $1,229.69 $219,653.73
237 $219,653.73 $939.82 $0.00 $1,241.95 $221,835.50
238 $221,835.50 $939.82 $0.00 $1,254.29 $224,029.61
239 $224,029.61 $939.82 $0.00 $1,266.70 $226,236.13
240 $226,236.13 $939.82 $0.00 $1,279.17 $228,455.12
241 $228,455.12 $939.82 $121,478.58 $1,291.72 $109,208.08
242 $109,208.08 $939.82 $0.00 $617.48 $110,765.38
243 $110,765.38 $939.82 $0.00 $626.28 $112,331.48
244 $112,331.48 $939.82 $0.00 $635.14 $113,906.44
245 $113,906.44 $939.82 $0.00 $644.04 $115,490.30
246 $115,490.30 $939.82 $0.00 $653.00 $117,083.12
247 $117,083.12 $939.82 $0.00 $662.00 $118,684.94
248 $118,684.94 $939.82 $0.00 $671.06 $120,295.82
249 $120,295.82 $939.82 $0.00 $680.17 $121,915.81
250 $121,915.81 $939.82 $0.00 $689.33 $123,544.96
251 $123,544.96 $939.82 $0.00 $698.54 $125,183.32
252 $125,183.32 $939.82 $0.00 $707.80 $126,830.94
253 $126,830.94 $0.00 $127,552.51 $717.12 ($4.45)