Savings Plan and Future Cost Estimation for Mid Continent University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$43,340
Monthly savings required$343

How much will it cost to send your child to Mid Continent University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $173,361.10 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $343.08 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$16,713.00
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 $343.08 $0.00 $0.00 $343.08
2 $343.08 $343.08 $0.00 $1.94 $688.10
3 $688.10 $343.08 $0.00 $3.89 $1,035.07
4 $1,035.07 $343.08 $0.00 $5.85 $1,384.00
5 $1,384.00 $343.08 $0.00 $7.83 $1,734.91
6 $1,734.91 $343.08 $0.00 $9.81 $2,087.80
7 $2,087.80 $343.08 $0.00 $11.80 $2,442.68
8 $2,442.68 $343.08 $0.00 $13.81 $2,799.57
9 $2,799.57 $343.08 $0.00 $15.83 $3,158.48
10 $3,158.48 $343.08 $0.00 $17.86 $3,519.42
11 $3,519.42 $343.08 $0.00 $19.90 $3,882.40
12 $3,882.40 $343.08 $0.00 $21.95 $4,247.43
13 $4,247.43 $343.08 $0.00 $24.02 $4,614.53
14 $4,614.53 $343.08 $0.00 $26.09 $4,983.70
15 $4,983.70 $343.08 $0.00 $28.18 $5,354.96
16 $5,354.96 $343.08 $0.00 $30.28 $5,728.32
17 $5,728.32 $343.08 $0.00 $32.39 $6,103.79
18 $6,103.79 $343.08 $0.00 $34.51 $6,481.38
19 $6,481.38 $343.08 $0.00 $36.65 $6,861.11
20 $6,861.11 $343.08 $0.00 $38.79 $7,242.98
21 $7,242.98 $343.08 $0.00 $40.95 $7,627.01
22 $7,627.01 $343.08 $0.00 $43.12 $8,013.21
23 $8,013.21 $343.08 $0.00 $45.31 $8,401.60
24 $8,401.60 $343.08 $0.00 $47.50 $8,792.18
25 $8,792.18 $343.08 $0.00 $49.71 $9,184.97
26 $9,184.97 $343.08 $0.00 $51.93 $9,579.98
27 $9,579.98 $343.08 $0.00 $54.17 $9,977.23
28 $9,977.23 $343.08 $0.00 $56.41 $10,376.72
29 $10,376.72 $343.08 $0.00 $58.67 $10,778.47
30 $10,778.47 $343.08 $0.00 $60.94 $11,182.49
31 $11,182.49 $343.08 $0.00 $63.23 $11,588.80
32 $11,588.80 $343.08 $0.00 $65.52 $11,997.40
33 $11,997.40 $343.08 $0.00 $67.84 $12,408.32
34 $12,408.32 $343.08 $0.00 $70.16 $12,821.56
35 $12,821.56 $343.08 $0.00 $72.49 $13,237.13
36 $13,237.13 $343.08 $0.00 $74.84 $13,655.05
37 $13,655.05 $343.08 $0.00 $77.21 $14,075.34
38 $14,075.34 $343.08 $0.00 $79.58 $14,498.00
39 $14,498.00 $343.08 $0.00 $81.97 $14,923.05
40 $14,923.05 $343.08 $0.00 $84.38 $15,350.51
41 $15,350.51 $343.08 $0.00 $86.79 $15,780.38
42 $15,780.38 $343.08 $0.00 $89.22 $16,212.68
43 $16,212.68 $343.08 $0.00 $91.67 $16,647.43
44 $16,647.43 $343.08 $0.00 $94.13 $17,084.64
45 $17,084.64 $343.08 $0.00 $96.60 $17,524.32
46 $17,524.32 $343.08 $0.00 $99.09 $17,966.49
47 $17,966.49 $343.08 $0.00 $101.59 $18,411.16
48 $18,411.16 $343.08 $0.00 $104.10 $18,858.34
49 $18,858.34 $343.08 $0.00 $106.63 $19,308.05
50 $19,308.05 $343.08 $0.00 $109.17 $19,760.30
51 $19,760.30 $343.08 $0.00 $111.73 $20,215.11
52 $20,215.11 $343.08 $0.00 $114.30 $20,672.49
53 $20,672.49 $343.08 $0.00 $116.89 $21,132.46
54 $21,132.46 $343.08 $0.00 $119.49 $21,595.03
55 $21,595.03 $343.08 $0.00 $122.10 $22,060.21
56 $22,060.21 $343.08 $0.00 $124.73 $22,528.02
57 $22,528.02 $343.08 $0.00 $127.38 $22,998.48
58 $22,998.48 $343.08 $0.00 $130.04 $23,471.60
59 $23,471.60 $343.08 $0.00 $132.71 $23,947.39
60 $23,947.39 $343.08 $0.00 $135.40 $24,425.87
61 $24,425.87 $343.08 $0.00 $138.11 $24,907.06
62 $24,907.06 $343.08 $0.00 $140.83 $25,390.97
63 $25,390.97 $343.08 $0.00 $143.56 $25,877.61
64 $25,877.61 $343.08 $0.00 $146.32 $26,367.01
65 $26,367.01 $343.08 $0.00 $149.08 $26,859.17
66 $26,859.17 $343.08 $0.00 $151.87 $27,354.12
67 $27,354.12 $343.08 $0.00 $154.66 $27,851.86
68 $27,851.86 $343.08 $0.00 $157.48 $28,352.42
69 $28,352.42 $343.08 $0.00 $160.31 $28,855.81
70 $28,855.81 $343.08 $0.00 $163.15 $29,362.04
71 $29,362.04 $343.08 $0.00 $166.02 $29,871.14
72 $29,871.14 $343.08 $0.00 $168.90 $30,383.12
73 $30,383.12 $343.08 $0.00 $171.79 $30,897.99
74 $30,897.99 $343.08 $0.00 $174.70 $31,415.77
75 $31,415.77 $343.08 $0.00 $177.63 $31,936.48
76 $31,936.48 $343.08 $0.00 $180.57 $32,460.13
77 $32,460.13 $343.08 $0.00 $183.53 $32,986.74
78 $32,986.74 $343.08 $0.00 $186.51 $33,516.33
79 $33,516.33 $343.08 $0.00 $189.51 $34,048.92
80 $34,048.92 $343.08 $0.00 $192.52 $34,584.52
81 $34,584.52 $343.08 $0.00 $195.55 $35,123.15
82 $35,123.15 $343.08 $0.00 $198.59 $35,664.82
83 $35,664.82 $343.08 $0.00 $201.65 $36,209.55
84 $36,209.55 $343.08 $0.00 $204.73 $36,757.36
85 $36,757.36 $343.08 $0.00 $207.83 $37,308.27
86 $37,308.27 $343.08 $0.00 $210.95 $37,862.30
87 $37,862.30 $343.08 $0.00 $214.08 $38,419.46
88 $38,419.46 $343.08 $0.00 $217.23 $38,979.77
89 $38,979.77 $343.08 $0.00 $220.40 $39,543.25
90 $39,543.25 $343.08 $0.00 $223.58 $40,109.91
91 $40,109.91 $343.08 $0.00 $226.79 $40,679.78
92 $40,679.78 $343.08 $0.00 $230.01 $41,252.87
93 $41,252.87 $343.08 $0.00 $233.25 $41,829.20
94 $41,829.20 $343.08 $0.00 $236.51 $42,408.79
95 $42,408.79 $343.08 $0.00 $239.79 $42,991.66
96 $42,991.66 $343.08 $0.00 $243.08 $43,577.82
97 $43,577.82 $343.08 $0.00 $246.40 $44,167.30
98 $44,167.30 $343.08 $0.00 $249.73 $44,760.11
99 $44,760.11 $343.08 $0.00 $253.08 $45,356.27
100 $45,356.27 $343.08 $0.00 $256.45 $45,955.80
101 $45,955.80 $343.08 $0.00 $259.84 $46,558.72
102 $46,558.72 $343.08 $0.00 $263.25 $47,165.05
103 $47,165.05 $343.08 $0.00 $266.68 $47,774.81
104 $47,774.81 $343.08 $0.00 $270.13 $48,388.02
105 $48,388.02 $343.08 $0.00 $273.59 $49,004.69
106 $49,004.69 $343.08 $0.00 $277.08 $49,624.85
107 $49,624.85 $343.08 $0.00 $280.59 $50,248.52
108 $50,248.52 $343.08 $0.00 $284.11 $50,875.71
109 $50,875.71 $343.08 $0.00 $287.66 $51,506.45
110 $51,506.45 $343.08 $0.00 $291.22 $52,140.75
111 $52,140.75 $343.08 $0.00 $294.81 $52,778.64
112 $52,778.64 $343.08 $0.00 $298.42 $53,420.14
113 $53,420.14 $343.08 $0.00 $302.05 $54,065.27
114 $54,065.27 $343.08 $0.00 $305.69 $54,714.04
115 $54,714.04 $343.08 $0.00 $309.36 $55,366.48
116 $55,366.48 $343.08 $0.00 $313.05 $56,022.61
117 $56,022.61 $343.08 $0.00 $316.76 $56,682.45
118 $56,682.45 $343.08 $0.00 $320.49 $57,346.02
119 $57,346.02 $343.08 $0.00 $324.24 $58,013.34
120 $58,013.34 $343.08 $0.00 $328.02 $58,684.44
121 $58,684.44 $343.08 $0.00 $331.81 $59,359.33
122 $59,359.33 $343.08 $0.00 $335.63 $60,038.04
123 $60,038.04 $343.08 $0.00 $339.46 $60,720.58
124 $60,720.58 $343.08 $0.00 $343.32 $61,406.98
125 $61,406.98 $343.08 $0.00 $347.20 $62,097.26
126 $62,097.26 $343.08 $0.00 $351.11 $62,791.45
127 $62,791.45 $343.08 $0.00 $355.03 $63,489.56
128 $63,489.56 $343.08 $0.00 $358.98 $64,191.62
129 $64,191.62 $343.08 $0.00 $362.95 $64,897.65
130 $64,897.65 $343.08 $0.00 $366.94 $65,607.67
131 $65,607.67 $343.08 $0.00 $370.96 $66,321.71
132 $66,321.71 $343.08 $0.00 $374.99 $67,039.78
133 $67,039.78 $343.08 $0.00 $379.05 $67,761.91
134 $67,761.91 $343.08 $0.00 $383.14 $68,488.13
135 $68,488.13 $343.08 $0.00 $387.24 $69,218.45
136 $69,218.45 $343.08 $0.00 $391.37 $69,952.90
137 $69,952.90 $343.08 $0.00 $395.52 $70,691.50
138 $70,691.50 $343.08 $0.00 $399.70 $71,434.28
139 $71,434.28 $343.08 $0.00 $403.90 $72,181.26
140 $72,181.26 $343.08 $0.00 $408.12 $72,932.46
141 $72,932.46 $343.08 $0.00 $412.37 $73,687.91
142 $73,687.91 $343.08 $0.00 $416.64 $74,447.63
143 $74,447.63 $343.08 $0.00 $420.94 $75,211.65
144 $75,211.65 $343.08 $0.00 $425.26 $75,979.99
145 $75,979.99 $343.08 $0.00 $429.60 $76,752.67
146 $76,752.67 $343.08 $0.00 $433.97 $77,529.72
147 $77,529.72 $343.08 $0.00 $438.36 $78,311.16
148 $78,311.16 $343.08 $0.00 $442.78 $79,097.02
149 $79,097.02 $343.08 $0.00 $447.23 $79,887.33
150 $79,887.33 $343.08 $0.00 $451.69 $80,682.10
151 $80,682.10 $343.08 $0.00 $456.19 $81,481.37
152 $81,481.37 $343.08 $0.00 $460.71 $82,285.16
153 $82,285.16 $343.08 $0.00 $465.25 $83,093.49
154 $83,093.49 $343.08 $0.00 $469.82 $83,906.39
155 $83,906.39 $343.08 $0.00 $474.42 $84,723.89
156 $84,723.89 $343.08 $0.00 $479.04 $85,546.01
157 $85,546.01 $343.08 $0.00 $483.69 $86,372.78
158 $86,372.78 $343.08 $0.00 $488.36 $87,204.22
159 $87,204.22 $343.08 $0.00 $493.07 $88,040.37
160 $88,040.37 $343.08 $0.00 $497.79 $88,881.24
161 $88,881.24 $343.08 $0.00 $502.55 $89,726.87
162 $89,726.87 $343.08 $0.00 $507.33 $90,577.28
163 $90,577.28 $343.08 $0.00 $512.14 $91,432.50
164 $91,432.50 $343.08 $0.00 $516.97 $92,292.55
165 $92,292.55 $343.08 $0.00 $521.84 $93,157.47
166 $93,157.47 $343.08 $0.00 $526.73 $94,027.28
167 $94,027.28 $343.08 $0.00 $531.64 $94,902.00
168 $94,902.00 $343.08 $0.00 $536.59 $95,781.67
169 $95,781.67 $343.08 $0.00 $541.56 $96,666.31
170 $96,666.31 $343.08 $0.00 $546.57 $97,555.96
171 $97,555.96 $343.08 $0.00 $551.60 $98,450.64
172 $98,450.64 $343.08 $0.00 $556.65 $99,350.37
173 $99,350.37 $343.08 $0.00 $561.74 $100,255.19
174 $100,255.19 $343.08 $0.00 $566.86 $101,165.13
175 $101,165.13 $343.08 $0.00 $572.00 $102,080.21
176 $102,080.21 $343.08 $0.00 $577.18 $103,000.47
177 $103,000.47 $343.08 $0.00 $582.38 $103,925.93
178 $103,925.93 $343.08 $0.00 $587.61 $104,856.62
179 $104,856.62 $343.08 $0.00 $592.87 $105,792.57
180 $105,792.57 $343.08 $0.00 $598.17 $106,733.82
181 $106,733.82 $343.08 $0.00 $603.49 $107,680.39
182 $107,680.39 $343.08 $0.00 $608.84 $108,632.31
183 $108,632.31 $343.08 $0.00 $614.22 $109,589.61
184 $109,589.61 $343.08 $0.00 $619.64 $110,552.33
185 $110,552.33 $343.08 $0.00 $625.08 $111,520.49
186 $111,520.49 $343.08 $0.00 $630.55 $112,494.12
187 $112,494.12 $343.08 $0.00 $636.06 $113,473.26
188 $113,473.26 $343.08 $0.00 $641.59 $114,457.93
189 $114,457.93 $343.08 $0.00 $647.16 $115,448.17
190 $115,448.17 $343.08 $0.00 $652.76 $116,444.01
191 $116,444.01 $343.08 $0.00 $658.39 $117,445.48
192 $117,445.48 $343.08 $0.00 $664.05 $118,452.61
193 $118,452.61 $343.08 $0.00 $669.75 $119,465.44
194 $119,465.44 $343.08 $0.00 $675.47 $120,483.99
195 $120,483.99 $343.08 $0.00 $681.23 $121,508.30
196 $121,508.30 $343.08 $0.00 $687.03 $122,538.41
197 $122,538.41 $343.08 $0.00 $692.85 $123,574.34
198 $123,574.34 $343.08 $0.00 $698.71 $124,616.13
199 $124,616.13 $343.08 $0.00 $704.60 $125,663.81
200 $125,663.81 $343.08 $0.00 $710.52 $126,717.41
201 $126,717.41 $343.08 $0.00 $716.48 $127,776.97
202 $127,776.97 $343.08 $0.00 $722.47 $128,842.52
203 $128,842.52 $343.08 $0.00 $728.49 $129,914.09
204 $129,914.09 $343.08 $0.00 $734.55 $130,991.72
205 $130,991.72 $343.08 $0.00 $740.65 $132,075.45
206 $132,075.45 $343.08 $0.00 $746.77 $133,165.30
207 $133,165.30 $343.08 $0.00 $752.94 $134,261.32
208 $134,261.32 $343.08 $0.00 $759.13 $135,363.53
209 $135,363.53 $343.08 $0.00 $765.37 $136,471.98
210 $136,471.98 $343.08 $0.00 $771.63 $137,586.69
211 $137,586.69 $343.08 $0.00 $777.94 $138,707.71
212 $138,707.71 $343.08 $0.00 $784.27 $139,835.06
213 $139,835.06 $343.08 $0.00 $790.65 $140,968.79
214 $140,968.79 $343.08 $0.00 $797.06 $142,108.93
215 $142,108.93 $343.08 $0.00 $803.50 $143,255.51
216 $143,255.51 $343.08 $0.00 $809.99 $144,408.58
217 $144,408.58 $343.08 $40,221.83 $816.51 $105,346.34
218 $105,346.34 $343.08 $0.00 $595.64 $106,285.06
219 $106,285.06 $343.08 $0.00 $600.95 $107,229.09
220 $107,229.09 $343.08 $0.00 $606.29 $108,178.46
221 $108,178.46 $343.08 $0.00 $611.66 $109,133.20
222 $109,133.20 $343.08 $0.00 $617.05 $110,093.33
223 $110,093.33 $343.08 $0.00 $622.48 $111,058.89
224 $111,058.89 $343.08 $0.00 $627.94 $112,029.91
225 $112,029.91 $343.08 $0.00 $633.43 $113,006.42
226 $113,006.42 $343.08 $0.00 $638.95 $113,988.45
227 $113,988.45 $343.08 $0.00 $644.51 $114,976.04
228 $114,976.04 $343.08 $0.00 $650.09 $115,969.21
229 $115,969.21 $343.08 $42,232.92 $655.71 $74,735.08
230 $74,735.08 $343.08 $0.00 $422.56 $75,500.72
231 $75,500.72 $343.08 $0.00 $426.89 $76,270.69
232 $76,270.69 $343.08 $0.00 $431.25 $77,045.02
233 $77,045.02 $343.08 $0.00 $435.62 $77,823.72
234 $77,823.72 $343.08 $0.00 $440.03 $78,606.83
235 $78,606.83 $343.08 $0.00 $444.45 $79,394.36
236 $79,394.36 $343.08 $0.00 $448.91 $80,186.35
237 $80,186.35 $343.08 $0.00 $453.39 $80,982.82
238 $80,982.82 $343.08 $0.00 $457.89 $81,783.79
239 $81,783.79 $343.08 $0.00 $462.42 $82,589.29
240 $82,589.29 $343.08 $0.00 $466.97 $83,399.34
241 $83,399.34 $343.08 $44,344.56 $471.55 $39,869.41
242 $39,869.41 $343.08 $0.00 $225.43 $40,437.92
243 $40,437.92 $343.08 $0.00 $228.64 $41,009.64
244 $41,009.64 $343.08 $0.00 $231.87 $41,584.59
245 $41,584.59 $343.08 $0.00 $235.13 $42,162.80
246 $42,162.80 $343.08 $0.00 $238.39 $42,744.27
247 $42,744.27 $343.08 $0.00 $241.68 $43,329.03
248 $43,329.03 $343.08 $0.00 $244.99 $43,917.10
249 $43,917.10 $343.08 $0.00 $248.31 $44,508.49
250 $44,508.49 $343.08 $0.00 $251.66 $45,103.23
251 $45,103.23 $343.08 $0.00 $255.02 $45,701.33
252 $45,701.33 $343.08 $0.00 $258.40 $46,302.81
253 $46,302.81 $0.00 $46,561.79 $261.80 $2.82