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 2039$86,043
Monthly savings required$681

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 $344,170.49 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $681.10 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$33,180.00
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 $681.10 $0.00 $0.00 $681.10
2 $681.10 $681.10 $0.00 $3.85 $1,366.05
3 $1,366.05 $681.10 $0.00 $7.72 $2,054.87
4 $2,054.87 $681.10 $0.00 $11.62 $2,747.59
5 $2,747.59 $681.10 $0.00 $15.54 $3,444.23
6 $3,444.23 $681.10 $0.00 $19.47 $4,144.80
7 $4,144.80 $681.10 $0.00 $23.44 $4,849.34
8 $4,849.34 $681.10 $0.00 $27.42 $5,557.86
9 $5,557.86 $681.10 $0.00 $31.42 $6,270.38
10 $6,270.38 $681.10 $0.00 $35.45 $6,986.93
11 $6,986.93 $681.10 $0.00 $39.51 $7,707.54
12 $7,707.54 $681.10 $0.00 $43.58 $8,432.22
13 $8,432.22 $681.10 $0.00 $47.68 $9,161.00
14 $9,161.00 $681.10 $0.00 $51.80 $9,893.90
15 $9,893.90 $681.10 $0.00 $55.94 $10,630.94
16 $10,630.94 $681.10 $0.00 $60.11 $11,372.15
17 $11,372.15 $681.10 $0.00 $64.30 $12,117.55
18 $12,117.55 $681.10 $0.00 $68.51 $12,867.16
19 $12,867.16 $681.10 $0.00 $72.75 $13,621.01
20 $13,621.01 $681.10 $0.00 $77.02 $14,379.13
21 $14,379.13 $681.10 $0.00 $81.30 $15,141.53
22 $15,141.53 $681.10 $0.00 $85.61 $15,908.24
23 $15,908.24 $681.10 $0.00 $89.95 $16,679.29
24 $16,679.29 $681.10 $0.00 $94.31 $17,454.70
25 $17,454.70 $681.10 $0.00 $98.69 $18,234.49
26 $18,234.49 $681.10 $0.00 $103.10 $19,018.69
27 $19,018.69 $681.10 $0.00 $107.53 $19,807.32
28 $19,807.32 $681.10 $0.00 $111.99 $20,600.41
29 $20,600.41 $681.10 $0.00 $116.48 $21,397.99
30 $21,397.99 $681.10 $0.00 $120.99 $22,200.08
31 $22,200.08 $681.10 $0.00 $125.52 $23,006.70
32 $23,006.70 $681.10 $0.00 $130.08 $23,817.88
33 $23,817.88 $681.10 $0.00 $134.67 $24,633.65
34 $24,633.65 $681.10 $0.00 $139.28 $25,454.03
35 $25,454.03 $681.10 $0.00 $143.92 $26,279.05
36 $26,279.05 $681.10 $0.00 $148.59 $27,108.74
37 $27,108.74 $681.10 $0.00 $153.28 $27,943.12
38 $27,943.12 $681.10 $0.00 $157.99 $28,782.21
39 $28,782.21 $681.10 $0.00 $162.74 $29,626.05
40 $29,626.05 $681.10 $0.00 $167.51 $30,474.66
41 $30,474.66 $681.10 $0.00 $172.31 $31,328.07
42 $31,328.07 $681.10 $0.00 $177.13 $32,186.30
43 $32,186.30 $681.10 $0.00 $181.99 $33,049.39
44 $33,049.39 $681.10 $0.00 $186.87 $33,917.36
45 $33,917.36 $681.10 $0.00 $191.77 $34,790.23
46 $34,790.23 $681.10 $0.00 $196.71 $35,668.04
47 $35,668.04 $681.10 $0.00 $201.67 $36,550.81
48 $36,550.81 $681.10 $0.00 $206.66 $37,438.57
49 $37,438.57 $681.10 $0.00 $211.68 $38,331.35
50 $38,331.35 $681.10 $0.00 $216.73 $39,229.18
51 $39,229.18 $681.10 $0.00 $221.81 $40,132.09
52 $40,132.09 $681.10 $0.00 $226.91 $41,040.10
53 $41,040.10 $681.10 $0.00 $232.05 $41,953.25
54 $41,953.25 $681.10 $0.00 $237.21 $42,871.56
55 $42,871.56 $681.10 $0.00 $242.40 $43,795.06
56 $43,795.06 $681.10 $0.00 $247.62 $44,723.78
57 $44,723.78 $681.10 $0.00 $252.87 $45,657.75
58 $45,657.75 $681.10 $0.00 $258.16 $46,597.01
59 $46,597.01 $681.10 $0.00 $263.47 $47,541.58
60 $47,541.58 $681.10 $0.00 $268.81 $48,491.49
61 $48,491.49 $681.10 $0.00 $274.18 $49,446.77
62 $49,446.77 $681.10 $0.00 $279.58 $50,407.45
63 $50,407.45 $681.10 $0.00 $285.01 $51,373.56
64 $51,373.56 $681.10 $0.00 $290.47 $52,345.13
65 $52,345.13 $681.10 $0.00 $295.97 $53,322.20
66 $53,322.20 $681.10 $0.00 $301.49 $54,304.79
67 $54,304.79 $681.10 $0.00 $307.05 $55,292.94
68 $55,292.94 $681.10 $0.00 $312.63 $56,286.67
69 $56,286.67 $681.10 $0.00 $318.25 $57,286.02
70 $57,286.02 $681.10 $0.00 $323.90 $58,291.02
71 $58,291.02 $681.10 $0.00 $329.59 $59,301.71
72 $59,301.71 $681.10 $0.00 $335.30 $60,318.11
73 $60,318.11 $681.10 $0.00 $341.05 $61,340.26
74 $61,340.26 $681.10 $0.00 $346.83 $62,368.19
75 $62,368.19 $681.10 $0.00 $352.64 $63,401.93
76 $63,401.93 $681.10 $0.00 $358.48 $64,441.51
77 $64,441.51 $681.10 $0.00 $364.36 $65,486.97
78 $65,486.97 $681.10 $0.00 $370.27 $66,538.34
79 $66,538.34 $681.10 $0.00 $376.22 $67,595.66
80 $67,595.66 $681.10 $0.00 $382.20 $68,658.96
81 $68,658.96 $681.10 $0.00 $388.21 $69,728.27
82 $69,728.27 $681.10 $0.00 $394.25 $70,803.62
83 $70,803.62 $681.10 $0.00 $400.33 $71,885.05
84 $71,885.05 $681.10 $0.00 $406.45 $72,972.60
85 $72,972.60 $681.10 $0.00 $412.60 $74,066.30
86 $74,066.30 $681.10 $0.00 $418.78 $75,166.18
87 $75,166.18 $681.10 $0.00 $425.00 $76,272.28
88 $76,272.28 $681.10 $0.00 $431.25 $77,384.63
89 $77,384.63 $681.10 $0.00 $437.54 $78,503.27
90 $78,503.27 $681.10 $0.00 $443.87 $79,628.24
91 $79,628.24 $681.10 $0.00 $450.23 $80,759.57
92 $80,759.57 $681.10 $0.00 $456.63 $81,897.30
93 $81,897.30 $681.10 $0.00 $463.06 $83,041.46
94 $83,041.46 $681.10 $0.00 $469.53 $84,192.09
95 $84,192.09 $681.10 $0.00 $476.03 $85,349.22
96 $85,349.22 $681.10 $0.00 $482.58 $86,512.90
97 $86,512.90 $681.10 $0.00 $489.16 $87,683.16
98 $87,683.16 $681.10 $0.00 $495.77 $88,860.03
99 $88,860.03 $681.10 $0.00 $502.43 $90,043.56
100 $90,043.56 $681.10 $0.00 $509.12 $91,233.78
101 $91,233.78 $681.10 $0.00 $515.85 $92,430.73
102 $92,430.73 $681.10 $0.00 $522.62 $93,634.45
103 $93,634.45 $681.10 $0.00 $529.42 $94,844.97
104 $94,844.97 $681.10 $0.00 $536.27 $96,062.34
105 $96,062.34 $681.10 $0.00 $543.15 $97,286.59
106 $97,286.59 $681.10 $0.00 $550.07 $98,517.76
107 $98,517.76 $681.10 $0.00 $557.03 $99,755.89
108 $99,755.89 $681.10 $0.00 $564.03 $101,001.02
109 $101,001.02 $681.10 $0.00 $571.07 $102,253.19
110 $102,253.19 $681.10 $0.00 $578.15 $103,512.44
111 $103,512.44 $681.10 $0.00 $585.27 $104,778.81
112 $104,778.81 $681.10 $0.00 $592.43 $106,052.34
113 $106,052.34 $681.10 $0.00 $599.64 $107,333.08
114 $107,333.08 $681.10 $0.00 $606.88 $108,621.06
115 $108,621.06 $681.10 $0.00 $614.16 $109,916.32
116 $109,916.32 $681.10 $0.00 $621.48 $111,218.90
117 $111,218.90 $681.10 $0.00 $628.85 $112,528.85
118 $112,528.85 $681.10 $0.00 $636.25 $113,846.20
119 $113,846.20 $681.10 $0.00 $643.70 $115,171.00
120 $115,171.00 $681.10 $0.00 $651.19 $116,503.29
121 $116,503.29 $681.10 $0.00 $658.73 $117,843.12
122 $117,843.12 $681.10 $0.00 $666.30 $119,190.52
123 $119,190.52 $681.10 $0.00 $673.92 $120,545.54
124 $120,545.54 $681.10 $0.00 $681.58 $121,908.22
125 $121,908.22 $681.10 $0.00 $689.29 $123,278.61
126 $123,278.61 $681.10 $0.00 $697.04 $124,656.75
127 $124,656.75 $681.10 $0.00 $704.83 $126,042.68
128 $126,042.68 $681.10 $0.00 $712.66 $127,436.44
129 $127,436.44 $681.10 $0.00 $720.54 $128,838.08
130 $128,838.08 $681.10 $0.00 $728.47 $130,247.65
131 $130,247.65 $681.10 $0.00 $736.44 $131,665.19
132 $131,665.19 $681.10 $0.00 $744.45 $133,090.74
133 $133,090.74 $681.10 $0.00 $752.51 $134,524.35
134 $134,524.35 $681.10 $0.00 $760.62 $135,966.07
135 $135,966.07 $681.10 $0.00 $768.77 $137,415.94
136 $137,415.94 $681.10 $0.00 $776.97 $138,874.01
137 $138,874.01 $681.10 $0.00 $785.21 $140,340.32
138 $140,340.32 $681.10 $0.00 $793.50 $141,814.92
139 $141,814.92 $681.10 $0.00 $801.84 $143,297.86
140 $143,297.86 $681.10 $0.00 $810.23 $144,789.19
141 $144,789.19 $681.10 $0.00 $818.66 $146,288.95
142 $146,288.95 $681.10 $0.00 $827.14 $147,797.19
143 $147,797.19 $681.10 $0.00 $835.67 $149,313.96
144 $149,313.96 $681.10 $0.00 $844.24 $150,839.30
145 $150,839.30 $681.10 $0.00 $852.87 $152,373.27
146 $152,373.27 $681.10 $0.00 $861.54 $153,915.91
147 $153,915.91 $681.10 $0.00 $870.26 $155,467.27
148 $155,467.27 $681.10 $0.00 $879.03 $157,027.40
149 $157,027.40 $681.10 $0.00 $887.86 $158,596.36
150 $158,596.36 $681.10 $0.00 $896.73 $160,174.19
151 $160,174.19 $681.10 $0.00 $905.65 $161,760.94
152 $161,760.94 $681.10 $0.00 $914.62 $163,356.66
153 $163,356.66 $681.10 $0.00 $923.64 $164,961.40
154 $164,961.40 $681.10 $0.00 $932.72 $166,575.22
155 $166,575.22 $681.10 $0.00 $941.84 $168,198.16
156 $168,198.16 $681.10 $0.00 $951.02 $169,830.28
157 $169,830.28 $681.10 $0.00 $960.25 $171,471.63
158 $171,471.63 $681.10 $0.00 $969.53 $173,122.26
159 $173,122.26 $681.10 $0.00 $978.86 $174,782.22
160 $174,782.22 $681.10 $0.00 $988.24 $176,451.56
161 $176,451.56 $681.10 $0.00 $997.68 $178,130.34
162 $178,130.34 $681.10 $0.00 $1,007.17 $179,818.61
163 $179,818.61 $681.10 $0.00 $1,016.72 $181,516.43
164 $181,516.43 $681.10 $0.00 $1,026.32 $183,223.85
165 $183,223.85 $681.10 $0.00 $1,035.97 $184,940.92
166 $184,940.92 $681.10 $0.00 $1,045.68 $186,667.70
167 $186,667.70 $681.10 $0.00 $1,055.45 $188,404.25
168 $188,404.25 $681.10 $0.00 $1,065.27 $190,150.62
169 $190,150.62 $681.10 $0.00 $1,075.14 $191,906.86
170 $191,906.86 $681.10 $0.00 $1,085.07 $193,673.03
171 $193,673.03 $681.10 $0.00 $1,095.06 $195,449.19
172 $195,449.19 $681.10 $0.00 $1,105.10 $197,235.39
173 $197,235.39 $681.10 $0.00 $1,115.20 $199,031.69
174 $199,031.69 $681.10 $0.00 $1,125.35 $200,838.14
175 $200,838.14 $681.10 $0.00 $1,135.57 $202,654.81
176 $202,654.81 $681.10 $0.00 $1,145.84 $204,481.75
177 $204,481.75 $681.10 $0.00 $1,156.17 $206,319.02
178 $206,319.02 $681.10 $0.00 $1,166.56 $208,166.68
179 $208,166.68 $681.10 $0.00 $1,177.00 $210,024.78
180 $210,024.78 $681.10 $0.00 $1,187.51 $211,893.39
181 $211,893.39 $681.10 $0.00 $1,198.08 $213,772.57
182 $213,772.57 $681.10 $0.00 $1,208.70 $215,662.37
183 $215,662.37 $681.10 $0.00 $1,219.39 $217,562.86
184 $217,562.86 $681.10 $0.00 $1,230.13 $219,474.09
185 $219,474.09 $681.10 $0.00 $1,240.94 $221,396.13
186 $221,396.13 $681.10 $0.00 $1,251.81 $223,329.04
187 $223,329.04 $681.10 $0.00 $1,262.73 $225,272.87
188 $225,272.87 $681.10 $0.00 $1,273.73 $227,227.70
189 $227,227.70 $681.10 $0.00 $1,284.78 $229,193.58
190 $229,193.58 $681.10 $0.00 $1,295.89 $231,170.57
191 $231,170.57 $681.10 $0.00 $1,307.07 $233,158.74
192 $233,158.74 $681.10 $0.00 $1,318.31 $235,158.15
193 $235,158.15 $681.10 $0.00 $1,329.62 $237,168.87
194 $237,168.87 $681.10 $0.00 $1,340.99 $239,190.96
195 $239,190.96 $681.10 $0.00 $1,352.42 $241,224.48
196 $241,224.48 $681.10 $0.00 $1,363.92 $243,269.50
197 $243,269.50 $681.10 $0.00 $1,375.48 $245,326.08
198 $245,326.08 $681.10 $0.00 $1,387.11 $247,394.29
199 $247,394.29 $681.10 $0.00 $1,398.80 $249,474.19
200 $249,474.19 $681.10 $0.00 $1,410.56 $251,565.85
201 $251,565.85 $681.10 $0.00 $1,422.39 $253,669.34
202 $253,669.34 $681.10 $0.00 $1,434.28 $255,784.72
203 $255,784.72 $681.10 $0.00 $1,446.24 $257,912.06
204 $257,912.06 $681.10 $0.00 $1,458.27 $260,051.43
205 $260,051.43 $681.10 $0.00 $1,470.37 $262,202.90
206 $262,202.90 $681.10 $0.00 $1,482.53 $264,366.53
207 $264,366.53 $681.10 $0.00 $1,494.77 $266,542.40
208 $266,542.40 $681.10 $0.00 $1,507.07 $268,730.57
209 $268,730.57 $681.10 $0.00 $1,519.44 $270,931.11
210 $270,931.11 $681.10 $0.00 $1,531.88 $273,144.09
211 $273,144.09 $681.10 $0.00 $1,544.40 $275,369.59
212 $275,369.59 $681.10 $0.00 $1,556.98 $277,607.67
213 $277,607.67 $681.10 $0.00 $1,569.63 $279,858.40
214 $279,858.40 $681.10 $0.00 $1,582.36 $282,121.86
215 $282,121.86 $681.10 $0.00 $1,595.16 $284,398.12
216 $284,398.12 $681.10 $0.00 $1,608.03 $286,687.25
217 $286,687.25 $681.10 $79,851.63 $1,620.97 $209,137.69
218 $209,137.69 $681.10 $0.00 $1,182.49 $211,001.28
219 $211,001.28 $681.10 $0.00 $1,193.03 $212,875.41
220 $212,875.41 $681.10 $0.00 $1,203.63 $214,760.14
221 $214,760.14 $681.10 $0.00 $1,214.29 $216,655.53
222 $216,655.53 $681.10 $0.00 $1,225.00 $218,561.63
223 $218,561.63 $681.10 $0.00 $1,235.78 $220,478.51
224 $220,478.51 $681.10 $0.00 $1,246.62 $222,406.23
225 $222,406.23 $681.10 $0.00 $1,257.52 $224,344.85
226 $224,344.85 $681.10 $0.00 $1,268.48 $226,294.43
227 $226,294.43 $681.10 $0.00 $1,279.50 $228,255.03
228 $228,255.03 $681.10 $0.00 $1,290.59 $230,226.72
229 $230,226.72 $681.10 $83,844.21 $1,301.74 $148,365.35
230 $148,365.35 $681.10 $0.00 $838.88 $149,885.33
231 $149,885.33 $681.10 $0.00 $847.47 $151,413.90
232 $151,413.90 $681.10 $0.00 $856.12 $152,951.12
233 $152,951.12 $681.10 $0.00 $864.81 $154,497.03
234 $154,497.03 $681.10 $0.00 $873.55 $156,051.68
235 $156,051.68 $681.10 $0.00 $882.34 $157,615.12
236 $157,615.12 $681.10 $0.00 $891.18 $159,187.40
237 $159,187.40 $681.10 $0.00 $900.07 $160,768.57
238 $160,768.57 $681.10 $0.00 $909.01 $162,358.68
239 $162,358.68 $681.10 $0.00 $918.00 $163,957.78
240 $163,957.78 $681.10 $0.00 $927.04 $165,565.92
241 $165,565.92 $681.10 $88,036.42 $936.13 $79,146.73
242 $79,146.73 $681.10 $0.00 $447.51 $80,275.34
243 $80,275.34 $681.10 $0.00 $453.89 $81,410.33
244 $81,410.33 $681.10 $0.00 $460.31 $82,551.74
245 $82,551.74 $681.10 $0.00 $466.76 $83,699.60
246 $83,699.60 $681.10 $0.00 $473.25 $84,853.95
247 $84,853.95 $681.10 $0.00 $479.78 $86,014.83
248 $86,014.83 $681.10 $0.00 $486.34 $87,182.27
249 $87,182.27 $681.10 $0.00 $492.94 $88,356.31
250 $88,356.31 $681.10 $0.00 $499.58 $89,536.99
251 $89,536.99 $681.10 $0.00 $506.26 $90,724.35
252 $90,724.35 $681.10 $0.00 $512.97 $91,918.42
253 $91,918.42 $0.00 $92,438.24 $519.72 ($0.10)