Savings Plan and Future Cost Estimation for Concordia University Ann Arbor

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

Savings Plan and Future Cost Estimation

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.

Assumptions

Current Annual Cost$48,038.00
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 $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