Savings Plan and Future Cost Estimation for Davenport University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$89,222
Monthly savings required$706

How much will it cost to send your child to Davenport University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $356,887.58 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $706.27 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$34,406.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Davenport University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $706.27 $0.00 $0.00 $706.27
2 $706.27 $706.27 $0.00 $3.99 $1,416.53
3 $1,416.53 $706.27 $0.00 $8.01 $2,130.81
4 $2,130.81 $706.27 $0.00 $12.05 $2,849.13
5 $2,849.13 $706.27 $0.00 $16.11 $3,571.51
6 $3,571.51 $706.27 $0.00 $20.19 $4,297.97
7 $4,297.97 $706.27 $0.00 $24.30 $5,028.54
8 $5,028.54 $706.27 $0.00 $28.43 $5,763.24
9 $5,763.24 $706.27 $0.00 $32.59 $6,502.10
10 $6,502.10 $706.27 $0.00 $36.76 $7,245.13
11 $7,245.13 $706.27 $0.00 $40.97 $7,992.37
12 $7,992.37 $706.27 $0.00 $45.19 $8,743.83
13 $8,743.83 $706.27 $0.00 $49.44 $9,499.54
14 $9,499.54 $706.27 $0.00 $53.71 $10,259.52
15 $10,259.52 $706.27 $0.00 $58.01 $11,023.80
16 $11,023.80 $706.27 $0.00 $62.33 $11,792.40
17 $11,792.40 $706.27 $0.00 $66.68 $12,565.35
18 $12,565.35 $706.27 $0.00 $71.05 $13,342.67
19 $13,342.67 $706.27 $0.00 $75.44 $14,124.38
20 $14,124.38 $706.27 $0.00 $79.86 $14,910.51
21 $14,910.51 $706.27 $0.00 $84.31 $15,701.09
22 $15,701.09 $706.27 $0.00 $88.78 $16,496.14
23 $16,496.14 $706.27 $0.00 $93.27 $17,295.68
24 $17,295.68 $706.27 $0.00 $97.79 $18,099.74
25 $18,099.74 $706.27 $0.00 $102.34 $18,908.35
26 $18,908.35 $706.27 $0.00 $106.91 $19,721.53
27 $19,721.53 $706.27 $0.00 $111.51 $20,539.31
28 $20,539.31 $706.27 $0.00 $116.13 $21,361.71
29 $21,361.71 $706.27 $0.00 $120.78 $22,188.76
30 $22,188.76 $706.27 $0.00 $125.46 $23,020.49
31 $23,020.49 $706.27 $0.00 $130.16 $23,856.92
32 $23,856.92 $706.27 $0.00 $134.89 $24,698.08
33 $24,698.08 $706.27 $0.00 $139.65 $25,544.00
34 $25,544.00 $706.27 $0.00 $144.43 $26,394.70
35 $26,394.70 $706.27 $0.00 $149.24 $27,250.21
36 $27,250.21 $706.27 $0.00 $154.08 $28,110.56
37 $28,110.56 $706.27 $0.00 $158.94 $28,975.77
38 $28,975.77 $706.27 $0.00 $163.83 $29,845.87
39 $29,845.87 $706.27 $0.00 $168.75 $30,720.89
40 $30,720.89 $706.27 $0.00 $173.70 $31,600.86
41 $31,600.86 $706.27 $0.00 $178.68 $32,485.81
42 $32,485.81 $706.27 $0.00 $183.68 $33,375.76
43 $33,375.76 $706.27 $0.00 $188.71 $34,270.74
44 $34,270.74 $706.27 $0.00 $193.77 $35,170.78
45 $35,170.78 $706.27 $0.00 $198.86 $36,075.91
46 $36,075.91 $706.27 $0.00 $203.98 $36,986.16
47 $36,986.16 $706.27 $0.00 $209.13 $37,901.56
48 $37,901.56 $706.27 $0.00 $214.30 $38,822.13
49 $38,822.13 $706.27 $0.00 $219.51 $39,747.91
50 $39,747.91 $706.27 $0.00 $224.74 $40,678.92
51 $40,678.92 $706.27 $0.00 $230.00 $41,615.19
52 $41,615.19 $706.27 $0.00 $235.30 $42,556.76
53 $42,556.76 $706.27 $0.00 $240.62 $43,503.65
54 $43,503.65 $706.27 $0.00 $245.98 $44,455.90
55 $44,455.90 $706.27 $0.00 $251.36 $45,413.53
56 $45,413.53 $706.27 $0.00 $256.77 $46,376.57
57 $46,376.57 $706.27 $0.00 $262.22 $47,345.06
58 $47,345.06 $706.27 $0.00 $267.70 $48,319.03
59 $48,319.03 $706.27 $0.00 $273.20 $49,298.50
60 $49,298.50 $706.27 $0.00 $278.74 $50,283.51
61 $50,283.51 $706.27 $0.00 $284.31 $51,274.09
62 $51,274.09 $706.27 $0.00 $289.91 $52,270.27
63 $52,270.27 $706.27 $0.00 $295.54 $53,272.08
64 $53,272.08 $706.27 $0.00 $301.21 $54,279.56
65 $54,279.56 $706.27 $0.00 $306.90 $55,292.73
66 $55,292.73 $706.27 $0.00 $312.63 $56,311.63
67 $56,311.63 $706.27 $0.00 $318.39 $57,336.29
68 $57,336.29 $706.27 $0.00 $324.19 $58,366.75
69 $58,366.75 $706.27 $0.00 $330.01 $59,403.03
70 $59,403.03 $706.27 $0.00 $335.87 $60,445.17
71 $60,445.17 $706.27 $0.00 $341.77 $61,493.21
72 $61,493.21 $706.27 $0.00 $347.69 $62,547.17
73 $62,547.17 $706.27 $0.00 $353.65 $63,607.09
74 $63,607.09 $706.27 $0.00 $359.64 $64,673.00
75 $64,673.00 $706.27 $0.00 $365.67 $65,744.94
76 $65,744.94 $706.27 $0.00 $371.73 $66,822.94
77 $66,822.94 $706.27 $0.00 $377.83 $67,907.04
78 $67,907.04 $706.27 $0.00 $383.96 $68,997.27
79 $68,997.27 $706.27 $0.00 $390.12 $70,093.66
80 $70,093.66 $706.27 $0.00 $396.32 $71,196.25
81 $71,196.25 $706.27 $0.00 $402.55 $72,305.07
82 $72,305.07 $706.27 $0.00 $408.82 $73,420.16
83 $73,420.16 $706.27 $0.00 $415.13 $74,541.56
84 $74,541.56 $706.27 $0.00 $421.47 $75,669.30
85 $75,669.30 $706.27 $0.00 $427.85 $76,803.42
86 $76,803.42 $706.27 $0.00 $434.26 $77,943.95
87 $77,943.95 $706.27 $0.00 $440.71 $79,090.93
88 $79,090.93 $706.27 $0.00 $447.19 $80,244.39
89 $80,244.39 $706.27 $0.00 $453.71 $81,404.37
90 $81,404.37 $706.27 $0.00 $460.27 $82,570.91
91 $82,570.91 $706.27 $0.00 $466.87 $83,744.05
92 $83,744.05 $706.27 $0.00 $473.50 $84,923.82
93 $84,923.82 $706.27 $0.00 $480.17 $86,110.26
94 $86,110.26 $706.27 $0.00 $486.88 $87,303.41
95 $87,303.41 $706.27 $0.00 $493.63 $88,503.31
96 $88,503.31 $706.27 $0.00 $500.41 $89,709.99
97 $89,709.99 $706.27 $0.00 $507.23 $90,923.49
98 $90,923.49 $706.27 $0.00 $514.09 $92,143.85
99 $92,143.85 $706.27 $0.00 $520.99 $93,371.11
100 $93,371.11 $706.27 $0.00 $527.93 $94,605.31
101 $94,605.31 $706.27 $0.00 $534.91 $95,846.49
102 $95,846.49 $706.27 $0.00 $541.93 $97,094.69
103 $97,094.69 $706.27 $0.00 $548.99 $98,349.95
104 $98,349.95 $706.27 $0.00 $556.08 $99,612.30
105 $99,612.30 $706.27 $0.00 $563.22 $100,881.79
106 $100,881.79 $706.27 $0.00 $570.40 $102,158.46
107 $102,158.46 $706.27 $0.00 $577.62 $103,442.35
108 $103,442.35 $706.27 $0.00 $584.88 $104,733.50
109 $104,733.50 $706.27 $0.00 $592.18 $106,031.95
110 $106,031.95 $706.27 $0.00 $599.52 $107,337.74
111 $107,337.74 $706.27 $0.00 $606.90 $108,650.91
112 $108,650.91 $706.27 $0.00 $614.33 $109,971.51
113 $109,971.51 $706.27 $0.00 $621.79 $111,299.57
114 $111,299.57 $706.27 $0.00 $629.30 $112,635.14
115 $112,635.14 $706.27 $0.00 $636.86 $113,978.27
116 $113,978.27 $706.27 $0.00 $644.45 $115,328.99
117 $115,328.99 $706.27 $0.00 $652.09 $116,687.35
118 $116,687.35 $706.27 $0.00 $659.77 $118,053.39
119 $118,053.39 $706.27 $0.00 $667.49 $119,427.15
120 $119,427.15 $706.27 $0.00 $675.26 $120,808.68
121 $120,808.68 $706.27 $0.00 $683.07 $122,198.02
122 $122,198.02 $706.27 $0.00 $690.93 $123,595.22
123 $123,595.22 $706.27 $0.00 $698.83 $125,000.32
124 $125,000.32 $706.27 $0.00 $706.77 $126,413.36
125 $126,413.36 $706.27 $0.00 $714.76 $127,834.39
126 $127,834.39 $706.27 $0.00 $722.79 $129,263.45
127 $129,263.45 $706.27 $0.00 $730.87 $130,700.59
128 $130,700.59 $706.27 $0.00 $739.00 $132,145.86
129 $132,145.86 $706.27 $0.00 $747.17 $133,599.30
130 $133,599.30 $706.27 $0.00 $755.39 $135,060.96
131 $135,060.96 $706.27 $0.00 $763.65 $136,530.88
132 $136,530.88 $706.27 $0.00 $771.97 $138,009.12
133 $138,009.12 $706.27 $0.00 $780.32 $139,495.71
134 $139,495.71 $706.27 $0.00 $788.73 $140,990.71
135 $140,990.71 $706.27 $0.00 $797.18 $142,494.16
136 $142,494.16 $706.27 $0.00 $805.68 $144,006.11
137 $144,006.11 $706.27 $0.00 $814.23 $145,526.61
138 $145,526.61 $706.27 $0.00 $822.83 $147,055.71
139 $147,055.71 $706.27 $0.00 $831.47 $148,593.45
140 $148,593.45 $706.27 $0.00 $840.17 $150,139.89
141 $150,139.89 $706.27 $0.00 $848.91 $151,695.07
142 $151,695.07 $706.27 $0.00 $857.71 $153,259.05
143 $153,259.05 $706.27 $0.00 $866.55 $154,831.87
144 $154,831.87 $706.27 $0.00 $875.44 $156,413.58
145 $156,413.58 $706.27 $0.00 $884.39 $158,004.24
146 $158,004.24 $706.27 $0.00 $893.38 $159,603.89
147 $159,603.89 $706.27 $0.00 $902.42 $161,212.58
148 $161,212.58 $706.27 $0.00 $911.52 $162,830.37
149 $162,830.37 $706.27 $0.00 $920.67 $164,457.31
150 $164,457.31 $706.27 $0.00 $929.87 $166,093.45
151 $166,093.45 $706.27 $0.00 $939.12 $167,738.84
152 $167,738.84 $706.27 $0.00 $948.42 $169,393.53
153 $169,393.53 $706.27 $0.00 $957.78 $171,057.58
154 $171,057.58 $706.27 $0.00 $967.18 $172,731.03
155 $172,731.03 $706.27 $0.00 $976.65 $174,413.95
156 $174,413.95 $706.27 $0.00 $986.16 $176,106.38
157 $176,106.38 $706.27 $0.00 $995.73 $177,808.38
158 $177,808.38 $706.27 $0.00 $1,005.35 $179,520.00
159 $179,520.00 $706.27 $0.00 $1,015.03 $181,241.30
160 $181,241.30 $706.27 $0.00 $1,024.76 $182,972.33
161 $182,972.33 $706.27 $0.00 $1,034.55 $184,713.15
162 $184,713.15 $706.27 $0.00 $1,044.40 $186,463.82
163 $186,463.82 $706.27 $0.00 $1,054.29 $188,224.38
164 $188,224.38 $706.27 $0.00 $1,064.25 $189,994.90
165 $189,994.90 $706.27 $0.00 $1,074.26 $191,775.43
166 $191,775.43 $706.27 $0.00 $1,084.33 $193,566.03
167 $193,566.03 $706.27 $0.00 $1,094.45 $195,366.75
168 $195,366.75 $706.27 $0.00 $1,104.63 $197,177.65
169 $197,177.65 $706.27 $0.00 $1,114.87 $198,998.79
170 $198,998.79 $706.27 $0.00 $1,125.17 $200,830.23
171 $200,830.23 $706.27 $0.00 $1,135.52 $202,672.02
172 $202,672.02 $706.27 $0.00 $1,145.94 $204,524.23
173 $204,524.23 $706.27 $0.00 $1,156.41 $206,386.91
174 $206,386.91 $706.27 $0.00 $1,166.94 $208,260.12
175 $208,260.12 $706.27 $0.00 $1,177.53 $210,143.92
176 $210,143.92 $706.27 $0.00 $1,188.18 $212,038.37
177 $212,038.37 $706.27 $0.00 $1,198.90 $213,943.54
178 $213,943.54 $706.27 $0.00 $1,209.67 $215,859.48
179 $215,859.48 $706.27 $0.00 $1,220.50 $217,786.25
180 $217,786.25 $706.27 $0.00 $1,231.40 $219,723.92
181 $219,723.92 $706.27 $0.00 $1,242.35 $221,672.54
182 $221,672.54 $706.27 $0.00 $1,253.37 $223,632.18
183 $223,632.18 $706.27 $0.00 $1,264.45 $225,602.90
184 $225,602.90 $706.27 $0.00 $1,275.59 $227,584.76
185 $227,584.76 $706.27 $0.00 $1,286.80 $229,577.83
186 $229,577.83 $706.27 $0.00 $1,298.07 $231,582.17
187 $231,582.17 $706.27 $0.00 $1,309.40 $233,597.84
188 $233,597.84 $706.27 $0.00 $1,320.80 $235,624.91
189 $235,624.91 $706.27 $0.00 $1,332.26 $237,663.44
190 $237,663.44 $706.27 $0.00 $1,343.78 $239,713.49
191 $239,713.49 $706.27 $0.00 $1,355.37 $241,775.13
192 $241,775.13 $706.27 $0.00 $1,367.03 $243,848.43
193 $243,848.43 $706.27 $0.00 $1,378.75 $245,933.45
194 $245,933.45 $706.27 $0.00 $1,390.54 $248,030.26
195 $248,030.26 $706.27 $0.00 $1,402.40 $250,138.93
196 $250,138.93 $706.27 $0.00 $1,414.32 $252,259.52
197 $252,259.52 $706.27 $0.00 $1,426.31 $254,392.10
198 $254,392.10 $706.27 $0.00 $1,438.37 $256,536.74
199 $256,536.74 $706.27 $0.00 $1,450.50 $258,693.51
200 $258,693.51 $706.27 $0.00 $1,462.69 $260,862.47
201 $260,862.47 $706.27 $0.00 $1,474.95 $263,043.69
202 $263,043.69 $706.27 $0.00 $1,487.29 $265,237.25
203 $265,237.25 $706.27 $0.00 $1,499.69 $267,443.21
204 $267,443.21 $706.27 $0.00 $1,512.16 $269,661.64
205 $269,661.64 $706.27 $0.00 $1,524.71 $271,892.62
206 $271,892.62 $706.27 $0.00 $1,537.32 $274,136.21
207 $274,136.21 $706.27 $0.00 $1,550.01 $276,392.49
208 $276,392.49 $706.27 $0.00 $1,562.76 $278,661.52
209 $278,661.52 $706.27 $0.00 $1,575.59 $280,943.38
210 $280,943.38 $706.27 $0.00 $1,588.49 $283,238.14
211 $283,238.14 $706.27 $0.00 $1,601.47 $285,545.88
212 $285,545.88 $706.27 $0.00 $1,614.52 $287,866.67
213 $287,866.67 $706.27 $0.00 $1,627.64 $290,200.58
214 $290,200.58 $706.27 $0.00 $1,640.84 $292,547.69
215 $292,547.69 $706.27 $0.00 $1,654.11 $294,908.07
216 $294,908.07 $706.27 $0.00 $1,667.45 $297,281.79
217 $297,281.79 $706.27 $82,802.14 $1,680.87 $216,866.79
218 $216,866.79 $706.27 $0.00 $1,226.20 $218,799.26
219 $218,799.26 $706.27 $0.00 $1,237.12 $220,742.65
220 $220,742.65 $706.27 $0.00 $1,248.11 $222,697.03
221 $222,697.03 $706.27 $0.00 $1,259.16 $224,662.46
222 $224,662.46 $706.27 $0.00 $1,270.27 $226,639.00
223 $226,639.00 $706.27 $0.00 $1,281.45 $228,626.72
224 $228,626.72 $706.27 $0.00 $1,292.69 $230,625.68
225 $230,625.68 $706.27 $0.00 $1,303.99 $232,635.94
226 $232,635.94 $706.27 $0.00 $1,315.36 $234,657.57
227 $234,657.57 $706.27 $0.00 $1,326.79 $236,690.63
228 $236,690.63 $706.27 $0.00 $1,338.28 $238,735.18
229 $238,735.18 $706.27 $86,942.25 $1,349.84 $153,849.04
230 $153,849.04 $706.27 $0.00 $869.88 $155,425.19
231 $155,425.19 $706.27 $0.00 $878.80 $157,010.26
232 $157,010.26 $706.27 $0.00 $887.76 $158,604.29
233 $158,604.29 $706.27 $0.00 $896.77 $160,207.33
234 $160,207.33 $706.27 $0.00 $905.84 $161,819.44
235 $161,819.44 $706.27 $0.00 $914.95 $163,440.66
236 $163,440.66 $706.27 $0.00 $924.12 $165,071.05
237 $165,071.05 $706.27 $0.00 $933.34 $166,710.66
238 $166,710.66 $706.27 $0.00 $942.61 $168,359.54
239 $168,359.54 $706.27 $0.00 $951.93 $170,017.74
240 $170,017.74 $706.27 $0.00 $961.31 $171,685.32
241 $171,685.32 $706.27 $91,289.36 $970.73 $82,072.96
242 $82,072.96 $706.27 $0.00 $464.05 $83,243.28
243 $83,243.28 $706.27 $0.00 $470.67 $84,420.22
244 $84,420.22 $706.27 $0.00 $477.32 $85,603.81
245 $85,603.81 $706.27 $0.00 $484.02 $86,794.10
246 $86,794.10 $706.27 $0.00 $490.75 $87,991.12
247 $87,991.12 $706.27 $0.00 $497.51 $89,194.90
248 $89,194.90 $706.27 $0.00 $504.32 $90,405.49
249 $90,405.49 $706.27 $0.00 $511.17 $91,622.93
250 $91,622.93 $706.27 $0.00 $518.05 $92,847.25
251 $92,847.25 $706.27 $0.00 $524.97 $94,078.49
252 $94,078.49 $706.27 $0.00 $531.93 $95,316.69
253 $95,316.69 $0.00 $95,853.83 $538.93 $1.79