Savings Plan and Future Cost Estimation for Washburn University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$59,843
Monthly savings required$474

How much will it cost to send your child to Washburn University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $239,373.79 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $473.71 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$23,077.00
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 $473.71 $0.00 $0.00 $473.71
2 $473.71 $473.71 $0.00 $2.68 $950.10
3 $950.10 $473.71 $0.00 $5.37 $1,429.18
4 $1,429.18 $473.71 $0.00 $8.08 $1,910.97
5 $1,910.97 $473.71 $0.00 $10.80 $2,395.48
6 $2,395.48 $473.71 $0.00 $13.54 $2,882.73
7 $2,882.73 $473.71 $0.00 $16.30 $3,372.74
8 $3,372.74 $473.71 $0.00 $19.07 $3,865.52
9 $3,865.52 $473.71 $0.00 $21.86 $4,361.09
10 $4,361.09 $473.71 $0.00 $24.66 $4,859.46
11 $4,859.46 $473.71 $0.00 $27.48 $5,360.65
12 $5,360.65 $473.71 $0.00 $30.31 $5,864.67
13 $5,864.67 $473.71 $0.00 $33.16 $6,371.54
14 $6,371.54 $473.71 $0.00 $36.03 $6,881.28
15 $6,881.28 $473.71 $0.00 $38.91 $7,393.90
16 $7,393.90 $473.71 $0.00 $41.81 $7,909.42
17 $7,909.42 $473.71 $0.00 $44.72 $8,427.85
18 $8,427.85 $473.71 $0.00 $47.65 $8,949.21
19 $8,949.21 $473.71 $0.00 $50.60 $9,473.52
20 $9,473.52 $473.71 $0.00 $53.56 $10,000.79
21 $10,000.79 $473.71 $0.00 $56.55 $10,531.05
22 $10,531.05 $473.71 $0.00 $59.54 $11,064.30
23 $11,064.30 $473.71 $0.00 $62.56 $11,600.57
24 $11,600.57 $473.71 $0.00 $65.59 $12,139.87
25 $12,139.87 $473.71 $0.00 $68.64 $12,682.22
26 $12,682.22 $473.71 $0.00 $71.71 $13,227.64
27 $13,227.64 $473.71 $0.00 $74.79 $13,776.14
28 $13,776.14 $473.71 $0.00 $77.89 $14,327.74
29 $14,327.74 $473.71 $0.00 $81.01 $14,882.46
30 $14,882.46 $473.71 $0.00 $84.15 $15,440.32
31 $15,440.32 $473.71 $0.00 $87.30 $16,001.33
32 $16,001.33 $473.71 $0.00 $90.47 $16,565.51
33 $16,565.51 $473.71 $0.00 $93.66 $17,132.88
34 $17,132.88 $473.71 $0.00 $96.87 $17,703.46
35 $17,703.46 $473.71 $0.00 $100.10 $18,277.27
36 $18,277.27 $473.71 $0.00 $103.34 $18,854.32
37 $18,854.32 $473.71 $0.00 $106.61 $19,434.64
38 $19,434.64 $473.71 $0.00 $109.89 $20,018.24
39 $20,018.24 $473.71 $0.00 $113.19 $20,605.14
40 $20,605.14 $473.71 $0.00 $116.50 $21,195.35
41 $21,195.35 $473.71 $0.00 $119.84 $21,788.90
42 $21,788.90 $473.71 $0.00 $123.20 $22,385.81
43 $22,385.81 $473.71 $0.00 $126.57 $22,986.09
44 $22,986.09 $473.71 $0.00 $129.97 $23,589.77
45 $23,589.77 $473.71 $0.00 $133.38 $24,196.86
46 $24,196.86 $473.71 $0.00 $136.81 $24,807.38
47 $24,807.38 $473.71 $0.00 $140.26 $25,421.35
48 $25,421.35 $473.71 $0.00 $143.74 $26,038.80
49 $26,038.80 $473.71 $0.00 $147.23 $26,659.74
50 $26,659.74 $473.71 $0.00 $150.74 $27,284.19
51 $27,284.19 $473.71 $0.00 $154.27 $27,912.17
52 $27,912.17 $473.71 $0.00 $157.82 $28,543.70
53 $28,543.70 $473.71 $0.00 $161.39 $29,178.80
54 $29,178.80 $473.71 $0.00 $164.98 $29,817.49
55 $29,817.49 $473.71 $0.00 $168.59 $30,459.79
56 $30,459.79 $473.71 $0.00 $172.22 $31,105.72
57 $31,105.72 $473.71 $0.00 $175.88 $31,755.31
58 $31,755.31 $473.71 $0.00 $179.55 $32,408.57
59 $32,408.57 $473.71 $0.00 $183.24 $33,065.52
60 $33,065.52 $473.71 $0.00 $186.96 $33,726.19
61 $33,726.19 $473.71 $0.00 $190.69 $34,390.59
62 $34,390.59 $473.71 $0.00 $194.45 $35,058.75
63 $35,058.75 $473.71 $0.00 $198.23 $35,730.69
64 $35,730.69 $473.71 $0.00 $202.03 $36,406.43
65 $36,406.43 $473.71 $0.00 $205.85 $37,085.99
66 $37,085.99 $473.71 $0.00 $209.69 $37,769.39
67 $37,769.39 $473.71 $0.00 $213.55 $38,456.65
68 $38,456.65 $473.71 $0.00 $217.44 $39,147.80
69 $39,147.80 $473.71 $0.00 $221.35 $39,842.86
70 $39,842.86 $473.71 $0.00 $225.28 $40,541.85
71 $40,541.85 $473.71 $0.00 $229.23 $41,244.79
72 $41,244.79 $473.71 $0.00 $233.20 $41,951.70
73 $41,951.70 $473.71 $0.00 $237.20 $42,662.61
74 $42,662.61 $473.71 $0.00 $241.22 $43,377.54
75 $43,377.54 $473.71 $0.00 $245.26 $44,096.51
76 $44,096.51 $473.71 $0.00 $249.33 $44,819.55
77 $44,819.55 $473.71 $0.00 $253.42 $45,546.68
78 $45,546.68 $473.71 $0.00 $257.53 $46,277.92
79 $46,277.92 $473.71 $0.00 $261.66 $47,013.29
80 $47,013.29 $473.71 $0.00 $265.82 $47,752.82
81 $47,752.82 $473.71 $0.00 $270.00 $48,496.53
82 $48,496.53 $473.71 $0.00 $274.21 $49,244.45
83 $49,244.45 $473.71 $0.00 $278.44 $49,996.60
84 $49,996.60 $473.71 $0.00 $282.69 $50,753.00
85 $50,753.00 $473.71 $0.00 $286.96 $51,513.67
86 $51,513.67 $473.71 $0.00 $291.27 $52,278.65
87 $52,278.65 $473.71 $0.00 $295.59 $53,047.95
88 $53,047.95 $473.71 $0.00 $299.94 $53,821.60
89 $53,821.60 $473.71 $0.00 $304.32 $54,599.63
90 $54,599.63 $473.71 $0.00 $308.71 $55,382.05
91 $55,382.05 $473.71 $0.00 $313.14 $56,168.90
92 $56,168.90 $473.71 $0.00 $317.59 $56,960.20
93 $56,960.20 $473.71 $0.00 $322.06 $57,755.97
94 $57,755.97 $473.71 $0.00 $326.56 $58,556.24
95 $58,556.24 $473.71 $0.00 $331.09 $59,361.04
96 $59,361.04 $473.71 $0.00 $335.64 $60,170.39
97 $60,170.39 $473.71 $0.00 $340.21 $60,984.31
98 $60,984.31 $473.71 $0.00 $344.81 $61,802.83
99 $61,802.83 $473.71 $0.00 $349.44 $62,625.98
100 $62,625.98 $473.71 $0.00 $354.10 $63,453.79
101 $63,453.79 $473.71 $0.00 $358.78 $64,286.28
102 $64,286.28 $473.71 $0.00 $363.48 $65,123.47
103 $65,123.47 $473.71 $0.00 $368.22 $65,965.40
104 $65,965.40 $473.71 $0.00 $372.98 $66,812.09
105 $66,812.09 $473.71 $0.00 $377.77 $67,663.57
106 $67,663.57 $473.71 $0.00 $382.58 $68,519.86
107 $68,519.86 $473.71 $0.00 $387.42 $69,380.99
108 $69,380.99 $473.71 $0.00 $392.29 $70,246.99
109 $70,246.99 $473.71 $0.00 $397.19 $71,117.89
110 $71,117.89 $473.71 $0.00 $402.11 $71,993.71
111 $71,993.71 $473.71 $0.00 $407.06 $72,874.48
112 $72,874.48 $473.71 $0.00 $412.04 $73,760.23
113 $73,760.23 $473.71 $0.00 $417.05 $74,650.99
114 $74,650.99 $473.71 $0.00 $422.09 $75,546.79
115 $75,546.79 $473.71 $0.00 $427.15 $76,447.65
116 $76,447.65 $473.71 $0.00 $432.25 $77,353.61
117 $77,353.61 $473.71 $0.00 $437.37 $78,264.69
118 $78,264.69 $473.71 $0.00 $442.52 $79,180.92
119 $79,180.92 $473.71 $0.00 $447.70 $80,102.33
120 $80,102.33 $473.71 $0.00 $452.91 $81,028.95
121 $81,028.95 $473.71 $0.00 $458.15 $81,960.81
122 $81,960.81 $473.71 $0.00 $463.42 $82,897.94
123 $82,897.94 $473.71 $0.00 $468.72 $83,840.37
124 $83,840.37 $473.71 $0.00 $474.05 $84,788.13
125 $84,788.13 $473.71 $0.00 $479.40 $85,741.24
126 $85,741.24 $473.71 $0.00 $484.79 $86,699.74
127 $86,699.74 $473.71 $0.00 $490.21 $87,663.66
128 $87,663.66 $473.71 $0.00 $495.66 $88,633.03
129 $88,633.03 $473.71 $0.00 $501.14 $89,607.88
130 $89,607.88 $473.71 $0.00 $506.66 $90,588.25
131 $90,588.25 $473.71 $0.00 $512.20 $91,574.16
132 $91,574.16 $473.71 $0.00 $517.77 $92,565.64
133 $92,565.64 $473.71 $0.00 $523.38 $93,562.73
134 $93,562.73 $473.71 $0.00 $529.02 $94,565.46
135 $94,565.46 $473.71 $0.00 $534.69 $95,573.86
136 $95,573.86 $473.71 $0.00 $540.39 $96,587.96
137 $96,587.96 $473.71 $0.00 $546.12 $97,607.79
138 $97,607.79 $473.71 $0.00 $551.89 $98,633.39
139 $98,633.39 $473.71 $0.00 $557.69 $99,664.79
140 $99,664.79 $473.71 $0.00 $563.52 $100,702.02
141 $100,702.02 $473.71 $0.00 $569.38 $101,745.11
142 $101,745.11 $473.71 $0.00 $575.28 $102,794.10
143 $102,794.10 $473.71 $0.00 $581.21 $103,849.02
144 $103,849.02 $473.71 $0.00 $587.18 $104,909.91
145 $104,909.91 $473.71 $0.00 $593.18 $105,976.80
146 $105,976.80 $473.71 $0.00 $599.21 $107,049.72
147 $107,049.72 $473.71 $0.00 $605.27 $108,128.70
148 $108,128.70 $473.71 $0.00 $611.38 $109,213.79
149 $109,213.79 $473.71 $0.00 $617.51 $110,305.01
150 $110,305.01 $473.71 $0.00 $623.68 $111,402.40
151 $111,402.40 $473.71 $0.00 $629.89 $112,506.00
152 $112,506.00 $473.71 $0.00 $636.13 $113,615.84
153 $113,615.84 $473.71 $0.00 $642.40 $114,731.95
154 $114,731.95 $473.71 $0.00 $648.71 $115,854.37
155 $115,854.37 $473.71 $0.00 $655.06 $116,983.14
156 $116,983.14 $473.71 $0.00 $661.44 $118,118.29
157 $118,118.29 $473.71 $0.00 $667.86 $119,259.86
158 $119,259.86 $473.71 $0.00 $674.31 $120,407.88
159 $120,407.88 $473.71 $0.00 $680.80 $121,562.39
160 $121,562.39 $473.71 $0.00 $687.33 $122,723.43
161 $122,723.43 $473.71 $0.00 $693.90 $123,891.04
162 $123,891.04 $473.71 $0.00 $700.50 $125,065.25
163 $125,065.25 $473.71 $0.00 $707.14 $126,246.10
164 $126,246.10 $473.71 $0.00 $713.81 $127,433.62
165 $127,433.62 $473.71 $0.00 $720.53 $128,627.86
166 $128,627.86 $473.71 $0.00 $727.28 $129,828.85
167 $129,828.85 $473.71 $0.00 $734.07 $131,036.63
168 $131,036.63 $473.71 $0.00 $740.90 $132,251.24
169 $132,251.24 $473.71 $0.00 $747.77 $133,472.72
170 $133,472.72 $473.71 $0.00 $754.67 $134,701.10
171 $134,701.10 $473.71 $0.00 $761.62 $135,936.43
172 $135,936.43 $473.71 $0.00 $768.60 $137,178.74
173 $137,178.74 $473.71 $0.00 $775.63 $138,428.08
174 $138,428.08 $473.71 $0.00 $782.69 $139,684.48
175 $139,684.48 $473.71 $0.00 $789.80 $140,947.99
176 $140,947.99 $473.71 $0.00 $796.94 $142,218.64
177 $142,218.64 $473.71 $0.00 $804.12 $143,496.47
178 $143,496.47 $473.71 $0.00 $811.35 $144,781.53
179 $144,781.53 $473.71 $0.00 $818.62 $146,073.86
180 $146,073.86 $473.71 $0.00 $825.92 $147,373.49
181 $147,373.49 $473.71 $0.00 $833.27 $148,680.47
182 $148,680.47 $473.71 $0.00 $840.66 $149,994.84
183 $149,994.84 $473.71 $0.00 $848.09 $151,316.64
184 $151,316.64 $473.71 $0.00 $855.57 $152,645.92
185 $152,645.92 $473.71 $0.00 $863.08 $153,982.71
186 $153,982.71 $473.71 $0.00 $870.64 $155,327.06
187 $155,327.06 $473.71 $0.00 $878.24 $156,679.01
188 $156,679.01 $473.71 $0.00 $885.89 $158,038.61
189 $158,038.61 $473.71 $0.00 $893.57 $159,405.89
190 $159,405.89 $473.71 $0.00 $901.30 $160,780.90
191 $160,780.90 $473.71 $0.00 $909.08 $162,163.69
192 $162,163.69 $473.71 $0.00 $916.90 $163,554.30
193 $163,554.30 $473.71 $0.00 $924.76 $164,952.77
194 $164,952.77 $473.71 $0.00 $932.67 $166,359.15
195 $166,359.15 $473.71 $0.00 $940.62 $167,773.48
196 $167,773.48 $473.71 $0.00 $948.62 $169,195.81
197 $169,195.81 $473.71 $0.00 $956.66 $170,626.18
198 $170,626.18 $473.71 $0.00 $964.75 $172,064.64
199 $172,064.64 $473.71 $0.00 $972.88 $173,511.23
200 $173,511.23 $473.71 $0.00 $981.06 $174,966.00
201 $174,966.00 $473.71 $0.00 $989.28 $176,428.99
202 $176,428.99 $473.71 $0.00 $997.56 $177,900.26
203 $177,900.26 $473.71 $0.00 $1,005.87 $179,379.84
204 $179,379.84 $473.71 $0.00 $1,014.24 $180,867.79
205 $180,867.79 $473.71 $0.00 $1,022.65 $182,364.15
206 $182,364.15 $473.71 $0.00 $1,031.11 $183,868.97
207 $183,868.97 $473.71 $0.00 $1,039.62 $185,382.30
208 $185,382.30 $473.71 $0.00 $1,048.18 $186,904.19
209 $186,904.19 $473.71 $0.00 $1,056.78 $188,434.68
210 $188,434.68 $473.71 $0.00 $1,065.44 $189,973.83
211 $189,973.83 $473.71 $0.00 $1,074.14 $191,521.68
212 $191,521.68 $473.71 $0.00 $1,082.89 $193,078.28
213 $193,078.28 $473.71 $0.00 $1,091.69 $194,643.68
214 $194,643.68 $473.71 $0.00 $1,100.54 $196,217.93
215 $196,217.93 $473.71 $0.00 $1,109.44 $197,801.08
216 $197,801.08 $473.71 $0.00 $1,118.40 $199,393.19
217 $199,393.19 $473.71 $55,537.55 $1,127.40 $145,456.75
218 $145,456.75 $473.71 $0.00 $822.43 $146,752.89
219 $146,752.89 $473.71 $0.00 $829.76 $148,056.36
220 $148,056.36 $473.71 $0.00 $837.13 $149,367.20
221 $149,367.20 $473.71 $0.00 $844.54 $150,685.45
222 $150,685.45 $473.71 $0.00 $852.00 $152,011.16
223 $152,011.16 $473.71 $0.00 $859.49 $153,344.36
224 $153,344.36 $473.71 $0.00 $867.03 $154,685.10
225 $154,685.10 $473.71 $0.00 $874.61 $156,033.42
226 $156,033.42 $473.71 $0.00 $882.24 $157,389.37
227 $157,389.37 $473.71 $0.00 $889.90 $158,752.98
228 $158,752.98 $473.71 $0.00 $897.61 $160,124.30
229 $160,124.30 $473.71 $58,314.43 $905.37 $103,188.95
230 $103,188.95 $473.71 $0.00 $583.45 $104,246.11
231 $104,246.11 $473.71 $0.00 $589.42 $105,309.24
232 $105,309.24 $473.71 $0.00 $595.43 $106,378.38
233 $106,378.38 $473.71 $0.00 $601.48 $107,453.57
234 $107,453.57 $473.71 $0.00 $607.56 $108,534.84
235 $108,534.84 $473.71 $0.00 $613.67 $109,622.22
236 $109,622.22 $473.71 $0.00 $619.82 $110,715.75
237 $110,715.75 $473.71 $0.00 $626.00 $111,815.46
238 $111,815.46 $473.71 $0.00 $632.22 $112,921.39
239 $112,921.39 $473.71 $0.00 $638.47 $114,033.57
240 $114,033.57 $473.71 $0.00 $644.76 $115,152.04
241 $115,152.04 $473.71 $61,230.15 $651.09 $55,046.69
242 $55,046.69 $473.71 $0.00 $311.24 $55,831.64
243 $55,831.64 $473.71 $0.00 $315.68 $56,621.03
244 $56,621.03 $473.71 $0.00 $320.14 $57,414.88
245 $57,414.88 $473.71 $0.00 $324.63 $58,213.22
246 $58,213.22 $473.71 $0.00 $329.15 $59,016.08
247 $59,016.08 $473.71 $0.00 $333.69 $59,823.48
248 $59,823.48 $473.71 $0.00 $338.25 $60,635.44
249 $60,635.44 $473.71 $0.00 $342.84 $61,451.99
250 $61,451.99 $473.71 $0.00 $347.46 $62,273.16
251 $62,273.16 $473.71 $0.00 $352.10 $63,098.97
252 $63,098.97 $473.71 $0.00 $356.77 $63,929.45
253 $63,929.45 $0.00 $64,291.66 $361.47 ($0.74)