How much will it cost and what do you need to save?
Estimated Annual Cost in 2041 | $124,572 |
Monthly savings required | $986 |
How much will it cost to send your child to Concordia University Ann Arbor in 18 years and how much do you need to save? A 4 year degree is estimated to be priced at $498,289.99 for students enrolling in 2041 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $986.10 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.
Current Annual Cost | $48,038.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 5% |
Current Savings | $0.00 |
After Tax Return on Savings | 7% |
Years of enrollment | 4 |
Discover how much will you need to start saving now to afford Concordia University Ann Arbor in the future.
Month | Begin | Deposit | Withdraw | Interest | End |
---|---|---|---|---|---|
1 | $0.00 | $986.10 | $0.00 | $0.00 | $986.10 |
2 | $986.10 | $986.10 | $0.00 | $5.58 | $1,977.78 |
3 | $1,977.78 | $986.10 | $0.00 | $11.18 | $2,975.06 |
4 | $2,975.06 | $986.10 | $0.00 | $16.82 | $3,977.98 |
5 | $3,977.98 | $986.10 | $0.00 | $22.49 | $4,986.57 |
6 | $4,986.57 | $986.10 | $0.00 | $28.19 | $6,000.86 |
7 | $6,000.86 | $986.10 | $0.00 | $33.93 | $7,020.89 |
8 | $7,020.89 | $986.10 | $0.00 | $39.70 | $8,046.69 |
9 | $8,046.69 | $986.10 | $0.00 | $45.50 | $9,078.29 |
10 | $9,078.29 | $986.10 | $0.00 | $51.33 | $10,115.72 |
11 | $10,115.72 | $986.10 | $0.00 | $57.20 | $11,159.02 |
12 | $11,159.02 | $986.10 | $0.00 | $63.09 | $12,208.21 |
13 | $12,208.21 | $986.10 | $0.00 | $69.03 | $13,263.34 |
14 | $13,263.34 | $986.10 | $0.00 | $74.99 | $14,324.43 |
15 | $14,324.43 | $986.10 | $0.00 | $80.99 | $15,391.52 |
16 | $15,391.52 | $986.10 | $0.00 | $87.03 | $16,464.65 |
17 | $16,464.65 | $986.10 | $0.00 | $93.09 | $17,543.84 |
18 | $17,543.84 | $986.10 | $0.00 | $99.20 | $18,629.14 |
19 | $18,629.14 | $986.10 | $0.00 | $105.33 | $19,720.57 |
20 | $19,720.57 | $986.10 | $0.00 | $111.50 | $20,818.17 |
21 | $20,818.17 | $986.10 | $0.00 | $117.71 | $21,921.98 |
22 | $21,921.98 | $986.10 | $0.00 | $123.95 | $23,032.03 |
23 | $23,032.03 | $986.10 | $0.00 | $130.23 | $24,148.36 |
24 | $24,148.36 | $986.10 | $0.00 | $136.54 | $25,271.00 |
25 | $25,271.00 | $986.10 | $0.00 | $142.89 | $26,399.99 |
26 | $26,399.99 | $986.10 | $0.00 | $149.27 | $27,535.36 |
27 | $27,535.36 | $986.10 | $0.00 | $155.69 | $28,677.15 |
28 | $28,677.15 | $986.10 | $0.00 | $162.14 | $29,825.39 |
29 | $29,825.39 | $986.10 | $0.00 | $168.64 | $30,980.13 |
30 | $30,980.13 | $986.10 | $0.00 | $175.17 | $32,141.40 |
31 | $32,141.40 | $986.10 | $0.00 | $181.73 | $33,309.23 |
32 | $33,309.23 | $986.10 | $0.00 | $188.34 | $34,483.67 |
33 | $34,483.67 | $986.10 | $0.00 | $194.98 | $35,664.75 |
34 | $35,664.75 | $986.10 | $0.00 | $201.65 | $36,852.50 |
35 | $36,852.50 | $986.10 | $0.00 | $208.37 | $38,046.97 |
36 | $38,046.97 | $986.10 | $0.00 | $215.12 | $39,248.19 |
37 | $39,248.19 | $986.10 | $0.00 | $221.91 | $40,456.20 |
38 | $40,456.20 | $986.10 | $0.00 | $228.75 | $41,671.05 |
39 | $41,671.05 | $986.10 | $0.00 | $235.61 | $42,892.76 |
40 | $42,892.76 | $986.10 | $0.00 | $242.52 | $44,121.38 |
41 | $44,121.38 | $986.10 | $0.00 | $249.47 | $45,356.95 |
42 | $45,356.95 | $986.10 | $0.00 | $256.45 | $46,599.50 |
43 | $46,599.50 | $986.10 | $0.00 | $263.48 | $47,849.08 |
44 | $47,849.08 | $986.10 | $0.00 | $270.55 | $49,105.73 |
45 | $49,105.73 | $986.10 | $0.00 | $277.65 | $50,369.48 |
46 | $50,369.48 | $986.10 | $0.00 | $284.80 | $51,640.38 |
47 | $51,640.38 | $986.10 | $0.00 | $291.98 | $52,918.46 |
48 | $52,918.46 | $986.10 | $0.00 | $299.21 | $54,203.77 |
49 | $54,203.77 | $986.10 | $0.00 | $306.48 | $55,496.35 |
50 | $55,496.35 | $986.10 | $0.00 | $313.78 | $56,796.23 |
51 | $56,796.23 | $986.10 | $0.00 | $321.13 | $58,103.46 |
52 | $58,103.46 | $986.10 | $0.00 | $328.53 | $59,418.09 |
53 | $59,418.09 | $986.10 | $0.00 | $335.96 | $60,740.15 |
54 | $60,740.15 | $986.10 | $0.00 | $343.43 | $62,069.68 |
55 | $62,069.68 | $986.10 | $0.00 | $350.95 | $63,406.73 |
56 | $63,406.73 | $986.10 | $0.00 | $358.51 | $64,751.34 |
57 | $64,751.34 | $986.10 | $0.00 | $366.11 | $66,103.55 |
58 | $66,103.55 | $986.10 | $0.00 | $373.76 | $67,463.41 |
59 | $67,463.41 | $986.10 | $0.00 | $381.45 | $68,830.96 |
60 | $68,830.96 | $986.10 | $0.00 | $389.18 | $70,206.24 |
61 | $70,206.24 | $986.10 | $0.00 | $396.96 | $71,589.30 |
62 | $71,589.30 | $986.10 | $0.00 | $404.78 | $72,980.18 |
63 | $72,980.18 | $986.10 | $0.00 | $412.64 | $74,378.92 |
64 | $74,378.92 | $986.10 | $0.00 | $420.55 | $75,785.57 |
65 | $75,785.57 | $986.10 | $0.00 | $428.50 | $77,200.17 |
66 | $77,200.17 | $986.10 | $0.00 | $436.50 | $78,622.77 |
67 | $78,622.77 | $986.10 | $0.00 | $444.54 | $80,053.41 |
68 | $80,053.41 | $986.10 | $0.00 | $452.63 | $81,492.14 |
69 | $81,492.14 | $986.10 | $0.00 | $460.77 | $82,939.01 |
70 | $82,939.01 | $986.10 | $0.00 | $468.95 | $84,394.06 |
71 | $84,394.06 | $986.10 | $0.00 | $477.18 | $85,857.34 |
72 | $85,857.34 | $986.10 | $0.00 | $485.45 | $87,328.89 |
73 | $87,328.89 | $986.10 | $0.00 | $493.77 | $88,808.76 |
74 | $88,808.76 | $986.10 | $0.00 | $502.14 | $90,297.00 |
75 | $90,297.00 | $986.10 | $0.00 | $510.55 | $91,793.65 |
76 | $91,793.65 | $986.10 | $0.00 | $519.01 | $93,298.76 |
77 | $93,298.76 | $986.10 | $0.00 | $527.52 | $94,812.38 |
78 | $94,812.38 | $986.10 | $0.00 | $536.08 | $96,334.56 |
79 | $96,334.56 | $986.10 | $0.00 | $544.69 | $97,865.35 |
80 | $97,865.35 | $986.10 | $0.00 | $553.34 | $99,404.79 |
81 | $99,404.79 | $986.10 | $0.00 | $562.05 | $100,952.94 |
82 | $100,952.94 | $986.10 | $0.00 | $570.80 | $102,509.84 |
83 | $102,509.84 | $986.10 | $0.00 | $579.61 | $104,075.55 |
84 | $104,075.55 | $986.10 | $0.00 | $588.46 | $105,650.11 |
85 | $105,650.11 | $986.10 | $0.00 | $597.36 | $107,233.57 |
86 | $107,233.57 | $986.10 | $0.00 | $606.31 | $108,825.98 |
87 | $108,825.98 | $986.10 | $0.00 | $615.32 | $110,427.40 |
88 | $110,427.40 | $986.10 | $0.00 | $624.37 | $112,037.87 |
89 | $112,037.87 | $986.10 | $0.00 | $633.48 | $113,657.45 |
90 | $113,657.45 | $986.10 | $0.00 | $642.64 | $115,286.19 |
91 | $115,286.19 | $986.10 | $0.00 | $651.84 | $116,924.13 |
92 | $116,924.13 | $986.10 | $0.00 | $661.11 | $118,571.34 |
93 | $118,571.34 | $986.10 | $0.00 | $670.42 | $120,227.86 |
94 | $120,227.86 | $986.10 | $0.00 | $679.79 | $121,893.75 |
95 | $121,893.75 | $986.10 | $0.00 | $689.20 | $123,569.05 |
96 | $123,569.05 | $986.10 | $0.00 | $698.68 | $125,253.83 |
97 | $125,253.83 | $986.10 | $0.00 | $708.20 | $126,948.13 |
98 | $126,948.13 | $986.10 | $0.00 | $717.78 | $128,652.01 |
99 | $128,652.01 | $986.10 | $0.00 | $727.42 | $130,365.53 |
100 | $130,365.53 | $986.10 | $0.00 | $737.11 | $132,088.74 |
101 | $132,088.74 | $986.10 | $0.00 | $746.85 | $133,821.69 |
102 | $133,821.69 | $986.10 | $0.00 | $756.65 | $135,564.44 |
103 | $135,564.44 | $986.10 | $0.00 | $766.50 | $137,317.04 |
104 | $137,317.04 | $986.10 | $0.00 | $776.41 | $139,079.55 |
105 | $139,079.55 | $986.10 | $0.00 | $786.38 | $140,852.03 |
106 | $140,852.03 | $986.10 | $0.00 | $796.40 | $142,634.53 |
107 | $142,634.53 | $986.10 | $0.00 | $806.48 | $144,427.11 |
108 | $144,427.11 | $986.10 | $0.00 | $816.61 | $146,229.82 |
109 | $146,229.82 | $986.10 | $0.00 | $826.80 | $148,042.72 |
110 | $148,042.72 | $986.10 | $0.00 | $837.06 | $149,865.88 |
111 | $149,865.88 | $986.10 | $0.00 | $847.36 | $151,699.34 |
112 | $151,699.34 | $986.10 | $0.00 | $857.73 | $153,543.17 |
113 | $153,543.17 | $986.10 | $0.00 | $868.16 | $155,397.43 |
114 | $155,397.43 | $986.10 | $0.00 | $878.64 | $157,262.17 |
115 | $157,262.17 | $986.10 | $0.00 | $889.18 | $159,137.45 |
116 | $159,137.45 | $986.10 | $0.00 | $899.79 | $161,023.34 |
117 | $161,023.34 | $986.10 | $0.00 | $910.45 | $162,919.89 |
118 | $162,919.89 | $986.10 | $0.00 | $921.17 | $164,827.16 |
119 | $164,827.16 | $986.10 | $0.00 | $931.96 | $166,745.22 |
120 | $166,745.22 | $986.10 | $0.00 | $942.80 | $168,674.12 |
121 | $168,674.12 | $986.10 | $0.00 | $953.71 | $170,613.93 |
122 | $170,613.93 | $986.10 | $0.00 | $964.68 | $172,564.71 |
123 | $172,564.71 | $986.10 | $0.00 | $975.71 | $174,526.52 |
124 | $174,526.52 | $986.10 | $0.00 | $986.80 | $176,499.42 |
125 | $176,499.42 | $986.10 | $0.00 | $997.95 | $178,483.47 |
126 | $178,483.47 | $986.10 | $0.00 | $1,009.17 | $180,478.74 |
127 | $180,478.74 | $986.10 | $0.00 | $1,020.45 | $182,485.29 |
128 | $182,485.29 | $986.10 | $0.00 | $1,031.80 | $184,503.19 |
129 | $184,503.19 | $986.10 | $0.00 | $1,043.21 | $186,532.50 |
130 | $186,532.50 | $986.10 | $0.00 | $1,054.68 | $188,573.28 |
131 | $188,573.28 | $986.10 | $0.00 | $1,066.22 | $190,625.60 |
132 | $190,625.60 | $986.10 | $0.00 | $1,077.82 | $192,689.52 |
133 | $192,689.52 | $986.10 | $0.00 | $1,089.49 | $194,765.11 |
134 | $194,765.11 | $986.10 | $0.00 | $1,101.23 | $196,852.44 |
135 | $196,852.44 | $986.10 | $0.00 | $1,113.03 | $198,951.57 |
136 | $198,951.57 | $986.10 | $0.00 | $1,124.90 | $201,062.57 |
137 | $201,062.57 | $986.10 | $0.00 | $1,136.84 | $203,185.51 |
138 | $203,185.51 | $986.10 | $0.00 | $1,148.84 | $205,320.45 |
139 | $205,320.45 | $986.10 | $0.00 | $1,160.91 | $207,467.46 |
140 | $207,467.46 | $986.10 | $0.00 | $1,173.05 | $209,626.61 |
141 | $209,626.61 | $986.10 | $0.00 | $1,185.26 | $211,797.97 |
142 | $211,797.97 | $986.10 | $0.00 | $1,197.54 | $213,981.61 |
143 | $213,981.61 | $986.10 | $0.00 | $1,209.88 | $216,177.59 |
144 | $216,177.59 | $986.10 | $0.00 | $1,222.30 | $218,385.99 |
145 | $218,385.99 | $986.10 | $0.00 | $1,234.79 | $220,606.88 |
146 | $220,606.88 | $986.10 | $0.00 | $1,247.34 | $222,840.32 |
147 | $222,840.32 | $986.10 | $0.00 | $1,259.97 | $225,086.39 |
148 | $225,086.39 | $986.10 | $0.00 | $1,272.67 | $227,345.16 |
149 | $227,345.16 | $986.10 | $0.00 | $1,285.44 | $229,616.70 |
150 | $229,616.70 | $986.10 | $0.00 | $1,298.29 | $231,901.09 |
151 | $231,901.09 | $986.10 | $0.00 | $1,311.20 | $234,198.39 |
152 | $234,198.39 | $986.10 | $0.00 | $1,324.19 | $236,508.68 |
153 | $236,508.68 | $986.10 | $0.00 | $1,337.25 | $238,832.03 |
154 | $238,832.03 | $986.10 | $0.00 | $1,350.39 | $241,168.52 |
155 | $241,168.52 | $986.10 | $0.00 | $1,363.60 | $243,518.22 |
156 | $243,518.22 | $986.10 | $0.00 | $1,376.89 | $245,881.21 |
157 | $245,881.21 | $986.10 | $0.00 | $1,390.25 | $248,257.56 |
158 | $248,257.56 | $986.10 | $0.00 | $1,403.68 | $250,647.34 |
159 | $250,647.34 | $986.10 | $0.00 | $1,417.20 | $253,050.64 |
160 | $253,050.64 | $986.10 | $0.00 | $1,430.79 | $255,467.53 |
161 | $255,467.53 | $986.10 | $0.00 | $1,444.45 | $257,898.08 |
162 | $257,898.08 | $986.10 | $0.00 | $1,458.19 | $260,342.37 |
163 | $260,342.37 | $986.10 | $0.00 | $1,472.01 | $262,800.48 |
164 | $262,800.48 | $986.10 | $0.00 | $1,485.91 | $265,272.49 |
165 | $265,272.49 | $986.10 | $0.00 | $1,499.89 | $267,758.48 |
166 | $267,758.48 | $986.10 | $0.00 | $1,513.95 | $270,258.53 |
167 | $270,258.53 | $986.10 | $0.00 | $1,528.08 | $272,772.71 |
168 | $272,772.71 | $986.10 | $0.00 | $1,542.30 | $275,301.11 |
169 | $275,301.11 | $986.10 | $0.00 | $1,556.59 | $277,843.80 |
170 | $277,843.80 | $986.10 | $0.00 | $1,570.97 | $280,400.87 |
171 | $280,400.87 | $986.10 | $0.00 | $1,585.43 | $282,972.40 |
172 | $282,972.40 | $986.10 | $0.00 | $1,599.97 | $285,558.47 |
173 | $285,558.47 | $986.10 | $0.00 | $1,614.59 | $288,159.16 |
174 | $288,159.16 | $986.10 | $0.00 | $1,629.29 | $290,774.55 |
175 | $290,774.55 | $986.10 | $0.00 | $1,644.08 | $293,404.73 |
176 | $293,404.73 | $986.10 | $0.00 | $1,658.95 | $296,049.78 |
177 | $296,049.78 | $986.10 | $0.00 | $1,673.91 | $298,709.79 |
178 | $298,709.79 | $986.10 | $0.00 | $1,688.95 | $301,384.84 |
179 | $301,384.84 | $986.10 | $0.00 | $1,704.07 | $304,075.01 |
180 | $304,075.01 | $986.10 | $0.00 | $1,719.28 | $306,780.39 |
181 | $306,780.39 | $986.10 | $0.00 | $1,734.58 | $309,501.07 |
182 | $309,501.07 | $986.10 | $0.00 | $1,749.96 | $312,237.13 |
183 | $312,237.13 | $986.10 | $0.00 | $1,765.43 | $314,988.66 |
184 | $314,988.66 | $986.10 | $0.00 | $1,780.99 | $317,755.75 |
185 | $317,755.75 | $986.10 | $0.00 | $1,796.64 | $320,538.49 |
186 | $320,538.49 | $986.10 | $0.00 | $1,812.37 | $323,336.96 |
187 | $323,336.96 | $986.10 | $0.00 | $1,828.19 | $326,151.25 |
188 | $326,151.25 | $986.10 | $0.00 | $1,844.11 | $328,981.46 |
189 | $328,981.46 | $986.10 | $0.00 | $1,860.11 | $331,827.67 |
190 | $331,827.67 | $986.10 | $0.00 | $1,876.20 | $334,689.97 |
191 | $334,689.97 | $986.10 | $0.00 | $1,892.39 | $337,568.46 |
192 | $337,568.46 | $986.10 | $0.00 | $1,908.66 | $340,463.22 |
193 | $340,463.22 | $986.10 | $0.00 | $1,925.03 | $343,374.35 |
194 | $343,374.35 | $986.10 | $0.00 | $1,941.49 | $346,301.94 |
195 | $346,301.94 | $986.10 | $0.00 | $1,958.04 | $349,246.08 |
196 | $349,246.08 | $986.10 | $0.00 | $1,974.69 | $352,206.87 |
197 | $352,206.87 | $986.10 | $0.00 | $1,991.43 | $355,184.40 |
198 | $355,184.40 | $986.10 | $0.00 | $2,008.26 | $358,178.76 |
199 | $358,178.76 | $986.10 | $0.00 | $2,025.19 | $361,190.05 |
200 | $361,190.05 | $986.10 | $0.00 | $2,042.22 | $364,218.37 |
201 | $364,218.37 | $986.10 | $0.00 | $2,059.34 | $367,263.81 |
202 | $367,263.81 | $986.10 | $0.00 | $2,076.56 | $370,326.47 |
203 | $370,326.47 | $986.10 | $0.00 | $2,093.88 | $373,406.45 |
204 | $373,406.45 | $986.10 | $0.00 | $2,111.29 | $376,503.84 |
205 | $376,503.84 | $986.10 | $0.00 | $2,128.81 | $379,618.75 |
206 | $379,618.75 | $986.10 | $0.00 | $2,146.42 | $382,751.27 |
207 | $382,751.27 | $986.10 | $0.00 | $2,164.13 | $385,901.50 |
208 | $385,901.50 | $986.10 | $0.00 | $2,181.94 | $389,069.54 |
209 | $389,069.54 | $986.10 | $0.00 | $2,199.86 | $392,255.50 |
210 | $392,255.50 | $986.10 | $0.00 | $2,217.87 | $395,459.47 |
211 | $395,459.47 | $986.10 | $0.00 | $2,235.99 | $398,681.56 |
212 | $398,681.56 | $986.10 | $0.00 | $2,254.20 | $401,921.86 |
213 | $401,921.86 | $986.10 | $0.00 | $2,272.52 | $405,180.48 |
214 | $405,180.48 | $986.10 | $0.00 | $2,290.95 | $408,457.53 |
215 | $408,457.53 | $986.10 | $0.00 | $2,309.48 | $411,753.11 |
216 | $411,753.11 | $986.10 | $0.00 | $2,328.11 | $415,067.32 |
217 | $415,067.32 | $986.10 | $115,609.17 | $2,346.85 | $302,791.10 |
218 | $302,791.10 | $986.10 | $0.00 | $1,712.02 | $305,489.22 |
219 | $305,489.22 | $986.10 | $0.00 | $1,727.28 | $308,202.60 |
220 | $308,202.60 | $986.10 | $0.00 | $1,742.62 | $310,931.32 |
221 | $310,931.32 | $986.10 | $0.00 | $1,758.05 | $313,675.47 |
222 | $313,675.47 | $986.10 | $0.00 | $1,773.57 | $316,435.14 |
223 | $316,435.14 | $986.10 | $0.00 | $1,789.17 | $319,210.41 |
224 | $319,210.41 | $986.10 | $0.00 | $1,804.86 | $322,001.37 |
225 | $322,001.37 | $986.10 | $0.00 | $1,820.64 | $324,808.11 |
226 | $324,808.11 | $986.10 | $0.00 | $1,836.51 | $327,630.72 |
227 | $327,630.72 | $986.10 | $0.00 | $1,852.47 | $330,469.29 |
228 | $330,469.29 | $986.10 | $0.00 | $1,868.52 | $333,323.91 |
229 | $333,323.91 | $986.10 | $121,389.63 | $1,884.66 | $214,805.04 |
230 | $214,805.04 | $986.10 | $0.00 | $1,214.54 | $217,005.68 |
231 | $217,005.68 | $986.10 | $0.00 | $1,226.98 | $219,218.76 |
232 | $219,218.76 | $986.10 | $0.00 | $1,239.49 | $221,444.35 |
233 | $221,444.35 | $986.10 | $0.00 | $1,252.08 | $223,682.53 |
234 | $223,682.53 | $986.10 | $0.00 | $1,264.73 | $225,933.36 |
235 | $225,933.36 | $986.10 | $0.00 | $1,277.46 | $228,196.92 |
236 | $228,196.92 | $986.10 | $0.00 | $1,290.26 | $230,473.28 |
237 | $230,473.28 | $986.10 | $0.00 | $1,303.13 | $232,762.51 |
238 | $232,762.51 | $986.10 | $0.00 | $1,316.07 | $235,064.68 |
239 | $235,064.68 | $986.10 | $0.00 | $1,329.09 | $237,379.87 |
240 | $237,379.87 | $986.10 | $0.00 | $1,342.18 | $239,708.15 |
241 | $239,708.15 | $986.10 | $127,459.12 | $1,355.34 | $114,590.47 |
242 | $114,590.47 | $986.10 | $0.00 | $647.91 | $116,224.48 |
243 | $116,224.48 | $986.10 | $0.00 | $657.15 | $117,867.73 |
244 | $117,867.73 | $986.10 | $0.00 | $666.44 | $119,520.27 |
245 | $119,520.27 | $986.10 | $0.00 | $675.78 | $121,182.15 |
246 | $121,182.15 | $986.10 | $0.00 | $685.18 | $122,853.43 |
247 | $122,853.43 | $986.10 | $0.00 | $694.63 | $124,534.16 |
248 | $124,534.16 | $986.10 | $0.00 | $704.13 | $126,224.39 |
249 | $126,224.39 | $986.10 | $0.00 | $713.69 | $127,924.18 |
250 | $127,924.18 | $986.10 | $0.00 | $723.30 | $129,633.58 |
251 | $129,633.58 | $986.10 | $0.00 | $732.97 | $131,352.65 |
252 | $131,352.65 | $986.10 | $0.00 | $742.69 | $133,081.44 |
253 | $133,081.44 | $0.00 | $133,832.07 | $752.46 | $1.83 |