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 2042$62,702
Monthly savings required$496

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 $250,807.09 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $495.55 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 Increase7%
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 $495.55 $0.00 $0.00 $495.55
2 $495.55 $495.55 $0.00 $2.80 $993.90
3 $993.90 $495.55 $0.00 $5.62 $1,495.07
4 $1,495.07 $495.55 $0.00 $8.45 $1,999.07
5 $1,999.07 $495.55 $0.00 $11.30 $2,505.92
6 $2,505.92 $495.55 $0.00 $14.17 $3,015.64
7 $3,015.64 $495.55 $0.00 $17.05 $3,528.24
8 $3,528.24 $495.55 $0.00 $19.95 $4,043.74
9 $4,043.74 $495.55 $0.00 $22.86 $4,562.15
10 $4,562.15 $495.55 $0.00 $25.80 $5,083.50
11 $5,083.50 $495.55 $0.00 $28.74 $5,607.79
12 $5,607.79 $495.55 $0.00 $31.71 $6,135.05
13 $6,135.05 $495.55 $0.00 $34.69 $6,665.29
14 $6,665.29 $495.55 $0.00 $37.69 $7,198.53
15 $7,198.53 $495.55 $0.00 $40.70 $7,734.78
16 $7,734.78 $495.55 $0.00 $43.73 $8,274.06
17 $8,274.06 $495.55 $0.00 $46.78 $8,816.39
18 $8,816.39 $495.55 $0.00 $49.85 $9,361.79
19 $9,361.79 $495.55 $0.00 $52.93 $9,910.27
20 $9,910.27 $495.55 $0.00 $56.03 $10,461.85
21 $10,461.85 $495.55 $0.00 $59.15 $11,016.55
22 $11,016.55 $495.55 $0.00 $62.29 $11,574.39
23 $11,574.39 $495.55 $0.00 $65.44 $12,135.38
24 $12,135.38 $495.55 $0.00 $68.62 $12,699.55
25 $12,699.55 $495.55 $0.00 $71.81 $13,266.91
26 $13,266.91 $495.55 $0.00 $75.01 $13,837.47
27 $13,837.47 $495.55 $0.00 $78.24 $14,411.26
28 $14,411.26 $495.55 $0.00 $81.48 $14,988.29
29 $14,988.29 $495.55 $0.00 $84.75 $15,568.59
30 $15,568.59 $495.55 $0.00 $88.03 $16,152.17
31 $16,152.17 $495.55 $0.00 $91.33 $16,739.05
32 $16,739.05 $495.55 $0.00 $94.65 $17,329.25
33 $17,329.25 $495.55 $0.00 $97.98 $17,922.78
34 $17,922.78 $495.55 $0.00 $101.34 $18,519.67
35 $18,519.67 $495.55 $0.00 $104.71 $19,119.93
36 $19,119.93 $495.55 $0.00 $108.11 $19,723.59
37 $19,723.59 $495.55 $0.00 $111.52 $20,330.66
38 $20,330.66 $495.55 $0.00 $114.95 $20,941.16
39 $20,941.16 $495.55 $0.00 $118.40 $21,555.11
40 $21,555.11 $495.55 $0.00 $121.88 $22,172.54
41 $22,172.54 $495.55 $0.00 $125.37 $22,793.46
42 $22,793.46 $495.55 $0.00 $128.88 $23,417.89
43 $23,417.89 $495.55 $0.00 $132.41 $24,045.85
44 $24,045.85 $495.55 $0.00 $135.96 $24,677.36
45 $24,677.36 $495.55 $0.00 $139.53 $25,312.44
46 $25,312.44 $495.55 $0.00 $143.12 $25,951.11
47 $25,951.11 $495.55 $0.00 $146.73 $26,593.39
48 $26,593.39 $495.55 $0.00 $150.36 $27,239.30
49 $27,239.30 $495.55 $0.00 $154.01 $27,888.86
50 $27,888.86 $495.55 $0.00 $157.69 $28,542.10
51 $28,542.10 $495.55 $0.00 $161.38 $29,199.03
52 $29,199.03 $495.55 $0.00 $165.10 $29,859.68
53 $29,859.68 $495.55 $0.00 $168.83 $30,524.06
54 $30,524.06 $495.55 $0.00 $172.59 $31,192.20
55 $31,192.20 $495.55 $0.00 $176.37 $31,864.12
56 $31,864.12 $495.55 $0.00 $180.16 $32,539.83
57 $32,539.83 $495.55 $0.00 $183.98 $33,219.36
58 $33,219.36 $495.55 $0.00 $187.83 $33,902.74
59 $33,902.74 $495.55 $0.00 $191.69 $34,589.98
60 $34,589.98 $495.55 $0.00 $195.58 $35,281.11
61 $35,281.11 $495.55 $0.00 $199.48 $35,976.14
62 $35,976.14 $495.55 $0.00 $203.41 $36,675.10
63 $36,675.10 $495.55 $0.00 $207.37 $37,378.02
64 $37,378.02 $495.55 $0.00 $211.34 $38,084.91
65 $38,084.91 $495.55 $0.00 $215.34 $38,795.80
66 $38,795.80 $495.55 $0.00 $219.36 $39,510.71
67 $39,510.71 $495.55 $0.00 $223.40 $40,229.66
68 $40,229.66 $495.55 $0.00 $227.46 $40,952.67
69 $40,952.67 $495.55 $0.00 $231.55 $41,679.77
70 $41,679.77 $495.55 $0.00 $235.66 $42,410.98
71 $42,410.98 $495.55 $0.00 $239.80 $43,146.33
72 $43,146.33 $495.55 $0.00 $243.96 $43,885.84
73 $43,885.84 $495.55 $0.00 $248.14 $44,629.53
74 $44,629.53 $495.55 $0.00 $252.34 $45,377.42
75 $45,377.42 $495.55 $0.00 $256.57 $46,129.54
76 $46,129.54 $495.55 $0.00 $260.82 $46,885.91
77 $46,885.91 $495.55 $0.00 $265.10 $47,646.56
78 $47,646.56 $495.55 $0.00 $269.40 $48,411.51
79 $48,411.51 $495.55 $0.00 $273.73 $49,180.79
80 $49,180.79 $495.55 $0.00 $278.08 $49,954.42
81 $49,954.42 $495.55 $0.00 $282.45 $50,732.42
82 $50,732.42 $495.55 $0.00 $286.85 $51,514.82
83 $51,514.82 $495.55 $0.00 $291.27 $52,301.64
84 $52,301.64 $495.55 $0.00 $295.72 $53,092.91
85 $53,092.91 $495.55 $0.00 $300.20 $53,888.66
86 $53,888.66 $495.55 $0.00 $304.69 $54,688.90
87 $54,688.90 $495.55 $0.00 $309.22 $55,493.67
88 $55,493.67 $495.55 $0.00 $313.77 $56,302.99
89 $56,302.99 $495.55 $0.00 $318.35 $57,116.89
90 $57,116.89 $495.55 $0.00 $322.95 $57,935.39
91 $57,935.39 $495.55 $0.00 $327.58 $58,758.52
92 $58,758.52 $495.55 $0.00 $332.23 $59,586.30
93 $59,586.30 $495.55 $0.00 $336.91 $60,418.76
94 $60,418.76 $495.55 $0.00 $341.62 $61,255.93
95 $61,255.93 $495.55 $0.00 $346.35 $62,097.83
96 $62,097.83 $495.55 $0.00 $351.11 $62,944.49
97 $62,944.49 $495.55 $0.00 $355.90 $63,795.94
98 $63,795.94 $495.55 $0.00 $360.71 $64,652.20
99 $64,652.20 $495.55 $0.00 $365.55 $65,513.30
100 $65,513.30 $495.55 $0.00 $370.42 $66,379.27
101 $66,379.27 $495.55 $0.00 $375.32 $67,250.14
102 $67,250.14 $495.55 $0.00 $380.24 $68,125.93
103 $68,125.93 $495.55 $0.00 $385.19 $69,006.67
104 $69,006.67 $495.55 $0.00 $390.17 $69,892.39
105 $69,892.39 $495.55 $0.00 $395.18 $70,783.12
106 $70,783.12 $495.55 $0.00 $400.22 $71,678.89
107 $71,678.89 $495.55 $0.00 $405.28 $72,579.72
108 $72,579.72 $495.55 $0.00 $410.38 $73,485.65
109 $73,485.65 $495.55 $0.00 $415.50 $74,396.70
110 $74,396.70 $495.55 $0.00 $420.65 $75,312.90
111 $75,312.90 $495.55 $0.00 $425.83 $76,234.28
112 $76,234.28 $495.55 $0.00 $431.04 $77,160.87
113 $77,160.87 $495.55 $0.00 $436.28 $78,092.70
114 $78,092.70 $495.55 $0.00 $441.55 $79,029.80
115 $79,029.80 $495.55 $0.00 $446.85 $79,972.20
116 $79,972.20 $495.55 $0.00 $452.17 $80,919.92
117 $80,919.92 $495.55 $0.00 $457.53 $81,873.00
118 $81,873.00 $495.55 $0.00 $462.92 $82,831.47
119 $82,831.47 $495.55 $0.00 $468.34 $83,795.36
120 $83,795.36 $495.55 $0.00 $473.79 $84,764.70
121 $84,764.70 $495.55 $0.00 $479.27 $85,739.52
122 $85,739.52 $495.55 $0.00 $484.78 $86,719.85
123 $86,719.85 $495.55 $0.00 $490.33 $87,705.73
124 $87,705.73 $495.55 $0.00 $495.90 $88,697.18
125 $88,697.18 $495.55 $0.00 $501.51 $89,694.24
126 $89,694.24 $495.55 $0.00 $507.14 $90,696.93
127 $90,696.93 $495.55 $0.00 $512.81 $91,705.29
128 $91,705.29 $495.55 $0.00 $518.52 $92,719.36
129 $92,719.36 $495.55 $0.00 $524.25 $93,739.16
130 $93,739.16 $495.55 $0.00 $530.01 $94,764.72
131 $94,764.72 $495.55 $0.00 $535.81 $95,796.08
132 $95,796.08 $495.55 $0.00 $541.64 $96,833.27
133 $96,833.27 $495.55 $0.00 $547.51 $97,876.33
134 $97,876.33 $495.55 $0.00 $553.41 $98,925.29
135 $98,925.29 $495.55 $0.00 $559.34 $99,980.18
136 $99,980.18 $495.55 $0.00 $565.30 $101,041.03
137 $101,041.03 $495.55 $0.00 $571.30 $102,107.88
138 $102,107.88 $495.55 $0.00 $577.33 $103,180.76
139 $103,180.76 $495.55 $0.00 $583.40 $104,259.71
140 $104,259.71 $495.55 $0.00 $589.50 $105,344.76
141 $105,344.76 $495.55 $0.00 $595.63 $106,435.94
142 $106,435.94 $495.55 $0.00 $601.80 $107,533.29
143 $107,533.29 $495.55 $0.00 $608.01 $108,636.85
144 $108,636.85 $495.55 $0.00 $614.25 $109,746.65
145 $109,746.65 $495.55 $0.00 $620.52 $110,862.72
146 $110,862.72 $495.55 $0.00 $626.83 $111,985.10
147 $111,985.10 $495.55 $0.00 $633.18 $113,113.83
148 $113,113.83 $495.55 $0.00 $639.56 $114,248.94
149 $114,248.94 $495.55 $0.00 $645.98 $115,390.47
150 $115,390.47 $495.55 $0.00 $652.43 $116,538.45
151 $116,538.45 $495.55 $0.00 $658.93 $117,692.93
152 $117,692.93 $495.55 $0.00 $665.45 $118,853.93
153 $118,853.93 $495.55 $0.00 $672.02 $120,021.50
154 $120,021.50 $495.55 $0.00 $678.62 $121,195.67
155 $121,195.67 $495.55 $0.00 $685.26 $122,376.48
156 $122,376.48 $495.55 $0.00 $691.93 $123,563.96
157 $123,563.96 $495.55 $0.00 $698.65 $124,758.16
158 $124,758.16 $495.55 $0.00 $705.40 $125,959.11
159 $125,959.11 $495.55 $0.00 $712.19 $127,166.85
160 $127,166.85 $495.55 $0.00 $719.02 $128,381.42
161 $128,381.42 $495.55 $0.00 $725.89 $129,602.86
162 $129,602.86 $495.55 $0.00 $732.79 $130,831.20
163 $130,831.20 $495.55 $0.00 $739.74 $132,066.49
164 $132,066.49 $495.55 $0.00 $746.72 $133,308.76
165 $133,308.76 $495.55 $0.00 $753.75 $134,558.06
166 $134,558.06 $495.55 $0.00 $760.81 $135,814.42
167 $135,814.42 $495.55 $0.00 $767.91 $137,077.88
168 $137,077.88 $495.55 $0.00 $775.06 $138,348.49
169 $138,348.49 $495.55 $0.00 $782.24 $139,626.28
170 $139,626.28 $495.55 $0.00 $789.47 $140,911.30
171 $140,911.30 $495.55 $0.00 $796.73 $142,203.58
172 $142,203.58 $495.55 $0.00 $804.04 $143,503.17
173 $143,503.17 $495.55 $0.00 $811.39 $144,810.11
174 $144,810.11 $495.55 $0.00 $818.78 $146,124.44
175 $146,124.44 $495.55 $0.00 $826.21 $147,446.20
176 $147,446.20 $495.55 $0.00 $833.68 $148,775.43
177 $148,775.43 $495.55 $0.00 $841.20 $150,112.18
178 $150,112.18 $495.55 $0.00 $848.76 $151,456.49
179 $151,456.49 $495.55 $0.00 $856.36 $152,808.40
180 $152,808.40 $495.55 $0.00 $864.00 $154,167.95
181 $154,167.95 $495.55 $0.00 $871.69 $155,535.19
182 $155,535.19 $495.55 $0.00 $879.42 $156,910.16
183 $156,910.16 $495.55 $0.00 $887.19 $158,292.90
184 $158,292.90 $495.55 $0.00 $895.01 $159,683.46
185 $159,683.46 $495.55 $0.00 $902.87 $161,081.88
186 $161,081.88 $495.55 $0.00 $910.78 $162,488.21
187 $162,488.21 $495.55 $0.00 $918.73 $163,902.49
188 $163,902.49 $495.55 $0.00 $926.73 $165,324.77
189 $165,324.77 $495.55 $0.00 $934.77 $166,755.09
190 $166,755.09 $495.55 $0.00 $942.86 $168,193.50
191 $168,193.50 $495.55 $0.00 $950.99 $169,640.04
192 $169,640.04 $495.55 $0.00 $959.17 $171,094.76
193 $171,094.76 $495.55 $0.00 $967.39 $172,557.70
194 $172,557.70 $495.55 $0.00 $975.67 $174,028.92
195 $174,028.92 $495.55 $0.00 $983.98 $175,508.45
196 $175,508.45 $495.55 $0.00 $992.35 $176,996.35
197 $176,996.35 $495.55 $0.00 $1,000.76 $178,492.66
198 $178,492.66 $495.55 $0.00 $1,009.22 $179,997.43
199 $179,997.43 $495.55 $0.00 $1,017.73 $181,510.71
200 $181,510.71 $495.55 $0.00 $1,026.29 $183,032.55
201 $183,032.55 $495.55 $0.00 $1,034.89 $184,562.99
202 $184,562.99 $495.55 $0.00 $1,043.55 $186,102.09
203 $186,102.09 $495.55 $0.00 $1,052.25 $187,649.89
204 $187,649.89 $495.55 $0.00 $1,061.00 $189,206.44
205 $189,206.44 $495.55 $0.00 $1,069.80 $190,771.79
206 $190,771.79 $495.55 $0.00 $1,078.65 $192,345.99
207 $192,345.99 $495.55 $0.00 $1,087.55 $193,929.09
208 $193,929.09 $495.55 $0.00 $1,096.50 $195,521.14
209 $195,521.14 $495.55 $0.00 $1,105.50 $197,122.19
210 $197,122.19 $495.55 $0.00 $1,114.56 $198,732.30
211 $198,732.30 $495.55 $0.00 $1,123.66 $200,351.51
212 $200,351.51 $495.55 $0.00 $1,132.82 $201,979.88
213 $201,979.88 $495.55 $0.00 $1,142.02 $203,617.45
214 $203,617.45 $495.55 $0.00 $1,151.28 $205,264.28
215 $205,264.28 $495.55 $0.00 $1,160.59 $206,920.42
216 $206,920.42 $495.55 $0.00 $1,169.96 $208,585.93
217 $208,585.93 $495.55 $56,488.81 $1,179.38 $153,772.05
218 $153,772.05 $495.55 $0.00 $869.45 $155,137.05
219 $155,137.05 $495.55 $0.00 $877.17 $156,509.77
220 $156,509.77 $495.55 $0.00 $884.93 $157,890.25
221 $157,890.25 $495.55 $0.00 $892.73 $159,278.53
222 $159,278.53 $495.55 $0.00 $900.58 $160,674.66
223 $160,674.66 $495.55 $0.00 $908.48 $162,078.69
224 $162,078.69 $495.55 $0.00 $916.42 $163,490.66
225 $163,490.66 $495.55 $0.00 $924.40 $164,910.61
226 $164,910.61 $495.55 $0.00 $932.43 $166,338.59
227 $166,338.59 $495.55 $0.00 $940.50 $167,774.64
228 $167,774.64 $495.55 $0.00 $948.62 $169,218.81
229 $169,218.81 $495.55 $60,443.02 $956.79 $110,228.13
230 $110,228.13 $495.55 $0.00 $623.25 $111,346.93
231 $111,346.93 $495.55 $0.00 $629.57 $112,472.05
232 $112,472.05 $495.55 $0.00 $635.93 $113,603.53
233 $113,603.53 $495.55 $0.00 $642.33 $114,741.41
234 $114,741.41 $495.55 $0.00 $648.76 $115,885.72
235 $115,885.72 $495.55 $0.00 $655.23 $117,036.50
236 $117,036.50 $495.55 $0.00 $661.74 $118,193.79
237 $118,193.79 $495.55 $0.00 $668.28 $119,357.62
238 $119,357.62 $495.55 $0.00 $674.87 $120,528.04
239 $120,528.04 $495.55 $0.00 $681.48 $121,705.07
240 $121,705.07 $495.55 $0.00 $688.14 $122,888.76
241 $122,888.76 $495.55 $64,674.04 $694.83 $59,405.10
242 $59,405.10 $495.55 $0.00 $335.89 $60,236.54
243 $60,236.54 $495.55 $0.00 $340.59 $61,072.68
244 $61,072.68 $495.55 $0.00 $345.31 $61,913.54
245 $61,913.54 $495.55 $0.00 $350.07 $62,759.16
246 $62,759.16 $495.55 $0.00 $354.85 $63,609.56
247 $63,609.56 $495.55 $0.00 $359.66 $64,464.77
248 $64,464.77 $495.55 $0.00 $364.49 $65,324.81
249 $65,324.81 $495.55 $0.00 $369.36 $66,189.72
250 $66,189.72 $495.55 $0.00 $374.25 $67,059.52
251 $67,059.52 $495.55 $0.00 $379.16 $67,934.23
252 $67,934.23 $495.55 $0.00 $384.11 $68,813.89
253 $68,813.89 $0.00 $69,201.22 $389.08 $1.75