Savings Plan and Future Cost Estimation for Sacred Heart Major Seminary

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$148,064
Monthly savings required$1,170

How much will it cost to send your child to Sacred Heart Major Seminary in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $592,254.68 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,170.19 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$39,466.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,170.19 $0.00 $0.00 $1,170.19
2 $1,170.19 $1,170.19 $0.00 $6.62 $2,347.00
3 $2,347.00 $1,170.19 $0.00 $13.27 $3,530.46
4 $3,530.46 $1,170.19 $0.00 $19.96 $4,720.61
5 $4,720.61 $1,170.19 $0.00 $26.69 $5,917.49
6 $5,917.49 $1,170.19 $0.00 $33.46 $7,121.14
7 $7,121.14 $1,170.19 $0.00 $40.26 $8,331.59
8 $8,331.59 $1,170.19 $0.00 $47.11 $9,548.89
9 $9,548.89 $1,170.19 $0.00 $53.99 $10,773.07
10 $10,773.07 $1,170.19 $0.00 $60.91 $12,004.17
11 $12,004.17 $1,170.19 $0.00 $67.87 $13,242.23
12 $13,242.23 $1,170.19 $0.00 $74.87 $14,487.29
13 $14,487.29 $1,170.19 $0.00 $81.91 $15,739.39
14 $15,739.39 $1,170.19 $0.00 $88.99 $16,998.57
15 $16,998.57 $1,170.19 $0.00 $96.11 $18,264.87
16 $18,264.87 $1,170.19 $0.00 $103.27 $19,538.33
17 $19,538.33 $1,170.19 $0.00 $110.47 $20,818.99
18 $20,818.99 $1,170.19 $0.00 $117.71 $22,106.89
19 $22,106.89 $1,170.19 $0.00 $125.00 $23,402.08
20 $23,402.08 $1,170.19 $0.00 $132.32 $24,704.59
21 $24,704.59 $1,170.19 $0.00 $139.68 $26,014.46
22 $26,014.46 $1,170.19 $0.00 $147.09 $27,331.74
23 $27,331.74 $1,170.19 $0.00 $154.54 $28,656.47
24 $28,656.47 $1,170.19 $0.00 $162.03 $29,988.69
25 $29,988.69 $1,170.19 $0.00 $169.56 $31,328.44
26 $31,328.44 $1,170.19 $0.00 $177.14 $32,675.77
27 $32,675.77 $1,170.19 $0.00 $184.75 $34,030.71
28 $34,030.71 $1,170.19 $0.00 $192.41 $35,393.31
29 $35,393.31 $1,170.19 $0.00 $200.12 $36,763.62
30 $36,763.62 $1,170.19 $0.00 $207.87 $38,141.68
31 $38,141.68 $1,170.19 $0.00 $215.66 $39,527.53
32 $39,527.53 $1,170.19 $0.00 $223.49 $40,921.21
33 $40,921.21 $1,170.19 $0.00 $231.37 $42,322.77
34 $42,322.77 $1,170.19 $0.00 $239.30 $43,732.26
35 $43,732.26 $1,170.19 $0.00 $247.27 $45,149.72
36 $45,149.72 $1,170.19 $0.00 $255.28 $46,575.19
37 $46,575.19 $1,170.19 $0.00 $263.34 $48,008.72
38 $48,008.72 $1,170.19 $0.00 $271.45 $49,450.36
39 $49,450.36 $1,170.19 $0.00 $279.60 $50,900.15
40 $50,900.15 $1,170.19 $0.00 $287.80 $52,358.14
41 $52,358.14 $1,170.19 $0.00 $296.04 $53,824.37
42 $53,824.37 $1,170.19 $0.00 $304.33 $55,298.89
43 $55,298.89 $1,170.19 $0.00 $312.67 $56,781.75
44 $56,781.75 $1,170.19 $0.00 $321.05 $58,272.99
45 $58,272.99 $1,170.19 $0.00 $329.48 $59,772.66
46 $59,772.66 $1,170.19 $0.00 $337.96 $61,280.81
47 $61,280.81 $1,170.19 $0.00 $346.49 $62,797.49
48 $62,797.49 $1,170.19 $0.00 $355.07 $64,322.75
49 $64,322.75 $1,170.19 $0.00 $363.69 $65,856.63
50 $65,856.63 $1,170.19 $0.00 $372.36 $67,399.18
51 $67,399.18 $1,170.19 $0.00 $381.08 $68,950.45
52 $68,950.45 $1,170.19 $0.00 $389.86 $70,510.50
53 $70,510.50 $1,170.19 $0.00 $398.68 $72,079.37
54 $72,079.37 $1,170.19 $0.00 $407.55 $73,657.11
55 $73,657.11 $1,170.19 $0.00 $416.47 $75,243.77
56 $75,243.77 $1,170.19 $0.00 $425.44 $76,839.40
57 $76,839.40 $1,170.19 $0.00 $434.46 $78,444.05
58 $78,444.05 $1,170.19 $0.00 $443.53 $80,057.77
59 $80,057.77 $1,170.19 $0.00 $452.66 $81,680.62
60 $81,680.62 $1,170.19 $0.00 $461.83 $83,312.64
61 $83,312.64 $1,170.19 $0.00 $471.06 $84,953.89
62 $84,953.89 $1,170.19 $0.00 $480.34 $86,604.42
63 $86,604.42 $1,170.19 $0.00 $489.67 $88,264.28
64 $88,264.28 $1,170.19 $0.00 $499.06 $89,933.53
65 $89,933.53 $1,170.19 $0.00 $508.50 $91,612.22
66 $91,612.22 $1,170.19 $0.00 $517.99 $93,300.40
67 $93,300.40 $1,170.19 $0.00 $527.53 $94,998.12
68 $94,998.12 $1,170.19 $0.00 $537.13 $96,705.44
69 $96,705.44 $1,170.19 $0.00 $546.79 $98,422.42
70 $98,422.42 $1,170.19 $0.00 $556.49 $100,149.10
71 $100,149.10 $1,170.19 $0.00 $566.26 $101,885.55
72 $101,885.55 $1,170.19 $0.00 $576.08 $103,631.82
73 $103,631.82 $1,170.19 $0.00 $585.95 $105,387.96
74 $105,387.96 $1,170.19 $0.00 $595.88 $107,154.03
75 $107,154.03 $1,170.19 $0.00 $605.86 $108,930.08
76 $108,930.08 $1,170.19 $0.00 $615.91 $110,716.18
77 $110,716.18 $1,170.19 $0.00 $626.01 $112,512.38
78 $112,512.38 $1,170.19 $0.00 $636.16 $114,318.73
79 $114,318.73 $1,170.19 $0.00 $646.37 $116,135.29
80 $116,135.29 $1,170.19 $0.00 $656.65 $117,962.13
81 $117,962.13 $1,170.19 $0.00 $666.98 $119,799.30
82 $119,799.30 $1,170.19 $0.00 $677.36 $121,646.85
83 $121,646.85 $1,170.19 $0.00 $687.81 $123,504.85
84 $123,504.85 $1,170.19 $0.00 $698.31 $125,373.35
85 $125,373.35 $1,170.19 $0.00 $708.88 $127,252.42
86 $127,252.42 $1,170.19 $0.00 $719.50 $129,142.11
87 $129,142.11 $1,170.19 $0.00 $730.19 $131,042.49
88 $131,042.49 $1,170.19 $0.00 $740.93 $132,953.61
89 $132,953.61 $1,170.19 $0.00 $751.74 $134,875.54
90 $134,875.54 $1,170.19 $0.00 $762.61 $136,808.34
91 $136,808.34 $1,170.19 $0.00 $773.53 $138,752.06
92 $138,752.06 $1,170.19 $0.00 $784.52 $140,706.77
93 $140,706.77 $1,170.19 $0.00 $795.58 $142,672.54
94 $142,672.54 $1,170.19 $0.00 $806.69 $144,649.42
95 $144,649.42 $1,170.19 $0.00 $817.87 $146,637.48
96 $146,637.48 $1,170.19 $0.00 $829.11 $148,636.78
97 $148,636.78 $1,170.19 $0.00 $840.41 $150,647.38
98 $150,647.38 $1,170.19 $0.00 $851.78 $152,669.35
99 $152,669.35 $1,170.19 $0.00 $863.21 $154,702.75
100 $154,702.75 $1,170.19 $0.00 $874.71 $156,747.65
101 $156,747.65 $1,170.19 $0.00 $886.27 $158,804.11
102 $158,804.11 $1,170.19 $0.00 $897.90 $160,872.20
103 $160,872.20 $1,170.19 $0.00 $909.59 $162,951.98
104 $162,951.98 $1,170.19 $0.00 $921.35 $165,043.52
105 $165,043.52 $1,170.19 $0.00 $933.18 $167,146.89
106 $167,146.89 $1,170.19 $0.00 $945.07 $169,262.15
107 $169,262.15 $1,170.19 $0.00 $957.03 $171,389.37
108 $171,389.37 $1,170.19 $0.00 $969.06 $173,528.62
109 $173,528.62 $1,170.19 $0.00 $981.16 $175,679.97
110 $175,679.97 $1,170.19 $0.00 $993.32 $177,843.48
111 $177,843.48 $1,170.19 $0.00 $1,005.55 $180,019.22
112 $180,019.22 $1,170.19 $0.00 $1,017.85 $182,207.26
113 $182,207.26 $1,170.19 $0.00 $1,030.23 $184,407.68
114 $184,407.68 $1,170.19 $0.00 $1,042.67 $186,620.54
115 $186,620.54 $1,170.19 $0.00 $1,055.18 $188,845.91
116 $188,845.91 $1,170.19 $0.00 $1,067.76 $191,083.86
117 $191,083.86 $1,170.19 $0.00 $1,080.42 $193,334.47
118 $193,334.47 $1,170.19 $0.00 $1,093.14 $195,597.80
119 $195,597.80 $1,170.19 $0.00 $1,105.94 $197,873.93
120 $197,873.93 $1,170.19 $0.00 $1,118.81 $200,162.93
121 $200,162.93 $1,170.19 $0.00 $1,131.75 $202,464.87
122 $202,464.87 $1,170.19 $0.00 $1,144.77 $204,779.83
123 $204,779.83 $1,170.19 $0.00 $1,157.85 $207,107.87
124 $207,107.87 $1,170.19 $0.00 $1,171.02 $209,449.08
125 $209,449.08 $1,170.19 $0.00 $1,184.26 $211,803.53
126 $211,803.53 $1,170.19 $0.00 $1,197.57 $214,171.29
127 $214,171.29 $1,170.19 $0.00 $1,210.96 $216,552.44
128 $216,552.44 $1,170.19 $0.00 $1,224.42 $218,947.05
129 $218,947.05 $1,170.19 $0.00 $1,237.96 $221,355.20
130 $221,355.20 $1,170.19 $0.00 $1,251.57 $223,776.96
131 $223,776.96 $1,170.19 $0.00 $1,265.27 $226,212.42
132 $226,212.42 $1,170.19 $0.00 $1,279.04 $228,661.65
133 $228,661.65 $1,170.19 $0.00 $1,292.89 $231,124.73
134 $231,124.73 $1,170.19 $0.00 $1,306.81 $233,601.73
135 $233,601.73 $1,170.19 $0.00 $1,320.82 $236,092.74
136 $236,092.74 $1,170.19 $0.00 $1,334.90 $238,597.83
137 $238,597.83 $1,170.19 $0.00 $1,349.07 $241,117.09
138 $241,117.09 $1,170.19 $0.00 $1,363.31 $243,650.59
139 $243,650.59 $1,170.19 $0.00 $1,377.64 $246,198.42
140 $246,198.42 $1,170.19 $0.00 $1,392.04 $248,760.65
141 $248,760.65 $1,170.19 $0.00 $1,406.53 $251,337.37
142 $251,337.37 $1,170.19 $0.00 $1,421.10 $253,928.66
143 $253,928.66 $1,170.19 $0.00 $1,435.75 $256,534.60
144 $256,534.60 $1,170.19 $0.00 $1,450.48 $259,155.27
145 $259,155.27 $1,170.19 $0.00 $1,465.30 $261,790.76
146 $261,790.76 $1,170.19 $0.00 $1,480.20 $264,441.15
147 $264,441.15 $1,170.19 $0.00 $1,495.19 $267,106.53
148 $267,106.53 $1,170.19 $0.00 $1,510.26 $269,786.98
149 $269,786.98 $1,170.19 $0.00 $1,525.41 $272,482.58
150 $272,482.58 $1,170.19 $0.00 $1,540.66 $275,193.43
151 $275,193.43 $1,170.19 $0.00 $1,555.98 $277,919.60
152 $277,919.60 $1,170.19 $0.00 $1,571.40 $280,661.19
153 $280,661.19 $1,170.19 $0.00 $1,586.90 $283,418.28
154 $283,418.28 $1,170.19 $0.00 $1,602.49 $286,190.96
155 $286,190.96 $1,170.19 $0.00 $1,618.17 $288,979.32
156 $288,979.32 $1,170.19 $0.00 $1,633.93 $291,783.44
157 $291,783.44 $1,170.19 $0.00 $1,649.79 $294,603.42
158 $294,603.42 $1,170.19 $0.00 $1,665.73 $297,439.34
159 $297,439.34 $1,170.19 $0.00 $1,681.77 $300,291.30
160 $300,291.30 $1,170.19 $0.00 $1,697.89 $303,159.38
161 $303,159.38 $1,170.19 $0.00 $1,714.11 $306,043.68
162 $306,043.68 $1,170.19 $0.00 $1,730.42 $308,944.29
163 $308,944.29 $1,170.19 $0.00 $1,746.82 $311,861.30
164 $311,861.30 $1,170.19 $0.00 $1,763.31 $314,794.80
165 $314,794.80 $1,170.19 $0.00 $1,779.90 $317,744.89
166 $317,744.89 $1,170.19 $0.00 $1,796.58 $320,711.66
167 $320,711.66 $1,170.19 $0.00 $1,813.35 $323,695.20
168 $323,695.20 $1,170.19 $0.00 $1,830.22 $326,695.61
169 $326,695.61 $1,170.19 $0.00 $1,847.18 $329,712.98
170 $329,712.98 $1,170.19 $0.00 $1,864.25 $332,747.42
171 $332,747.42 $1,170.19 $0.00 $1,881.40 $335,799.01
172 $335,799.01 $1,170.19 $0.00 $1,898.66 $338,867.86
173 $338,867.86 $1,170.19 $0.00 $1,916.01 $341,954.06
174 $341,954.06 $1,170.19 $0.00 $1,933.46 $345,057.71
175 $345,057.71 $1,170.19 $0.00 $1,951.01 $348,178.91
176 $348,178.91 $1,170.19 $0.00 $1,968.65 $351,317.75
177 $351,317.75 $1,170.19 $0.00 $1,986.40 $354,474.34
178 $354,474.34 $1,170.19 $0.00 $2,004.25 $357,648.78
179 $357,648.78 $1,170.19 $0.00 $2,022.20 $360,841.17
180 $360,841.17 $1,170.19 $0.00 $2,040.25 $364,051.61
181 $364,051.61 $1,170.19 $0.00 $2,058.40 $367,280.20
182 $367,280.20 $1,170.19 $0.00 $2,076.66 $370,527.05
183 $370,527.05 $1,170.19 $0.00 $2,095.01 $373,792.25
184 $373,792.25 $1,170.19 $0.00 $2,113.48 $377,075.92
185 $377,075.92 $1,170.19 $0.00 $2,132.04 $380,378.15
186 $380,378.15 $1,170.19 $0.00 $2,150.71 $383,699.05
187 $383,699.05 $1,170.19 $0.00 $2,169.49 $387,038.73
188 $387,038.73 $1,170.19 $0.00 $2,188.37 $390,397.29
189 $390,397.29 $1,170.19 $0.00 $2,207.36 $393,774.84
190 $393,774.84 $1,170.19 $0.00 $2,226.46 $397,171.49
191 $397,171.49 $1,170.19 $0.00 $2,245.67 $400,587.35
192 $400,587.35 $1,170.19 $0.00 $2,264.98 $404,022.52
193 $404,022.52 $1,170.19 $0.00 $2,284.40 $407,477.11
194 $407,477.11 $1,170.19 $0.00 $2,303.93 $410,951.23
195 $410,951.23 $1,170.19 $0.00 $2,323.58 $414,445.00
196 $414,445.00 $1,170.19 $0.00 $2,343.33 $417,958.52
197 $417,958.52 $1,170.19 $0.00 $2,363.20 $421,491.91
198 $421,491.91 $1,170.19 $0.00 $2,383.18 $425,045.28
199 $425,045.28 $1,170.19 $0.00 $2,403.27 $428,618.74
200 $428,618.74 $1,170.19 $0.00 $2,423.47 $432,212.40
201 $432,212.40 $1,170.19 $0.00 $2,443.79 $435,826.38
202 $435,826.38 $1,170.19 $0.00 $2,464.23 $439,460.80
203 $439,460.80 $1,170.19 $0.00 $2,484.78 $443,115.77
204 $443,115.77 $1,170.19 $0.00 $2,505.44 $446,791.40
205 $446,791.40 $1,170.19 $0.00 $2,526.22 $450,487.81
206 $450,487.81 $1,170.19 $0.00 $2,547.12 $454,205.12
207 $454,205.12 $1,170.19 $0.00 $2,568.14 $457,943.45
208 $457,943.45 $1,170.19 $0.00 $2,589.28 $461,702.92
209 $461,702.92 $1,170.19 $0.00 $2,610.54 $465,483.65
210 $465,483.65 $1,170.19 $0.00 $2,631.91 $469,285.75
211 $469,285.75 $1,170.19 $0.00 $2,653.41 $473,109.35
212 $473,109.35 $1,170.19 $0.00 $2,675.03 $476,954.57
213 $476,954.57 $1,170.19 $0.00 $2,696.77 $480,821.53
214 $480,821.53 $1,170.19 $0.00 $2,718.63 $484,710.35
215 $484,710.35 $1,170.19 $0.00 $2,740.62 $488,621.16
216 $488,621.16 $1,170.19 $0.00 $2,762.74 $492,554.09
217 $492,554.09 $1,170.19 $133,392.41 $2,784.97 $363,116.84
218 $363,116.84 $1,170.19 $0.00 $2,053.12 $366,340.15
219 $366,340.15 $1,170.19 $0.00 $2,071.34 $369,581.68
220 $369,581.68 $1,170.19 $0.00 $2,089.67 $372,841.54
221 $372,841.54 $1,170.19 $0.00 $2,108.10 $376,119.83
222 $376,119.83 $1,170.19 $0.00 $2,126.64 $379,416.66
223 $379,416.66 $1,170.19 $0.00 $2,145.28 $382,732.13
224 $382,732.13 $1,170.19 $0.00 $2,164.02 $386,066.34
225 $386,066.34 $1,170.19 $0.00 $2,182.88 $389,419.41
226 $389,419.41 $1,170.19 $0.00 $2,201.83 $392,791.43
227 $392,791.43 $1,170.19 $0.00 $2,220.90 $396,182.52
228 $396,182.52 $1,170.19 $0.00 $2,240.07 $399,592.78
229 $399,592.78 $1,170.19 $142,729.88 $2,259.36 $260,292.45
230 $260,292.45 $1,170.19 $0.00 $1,471.73 $262,934.37
231 $262,934.37 $1,170.19 $0.00 $1,486.67 $265,591.23
232 $265,591.23 $1,170.19 $0.00 $1,501.69 $268,263.11
233 $268,263.11 $1,170.19 $0.00 $1,516.80 $270,950.10
234 $270,950.10 $1,170.19 $0.00 $1,531.99 $273,652.28
235 $273,652.28 $1,170.19 $0.00 $1,547.27 $276,369.74
236 $276,369.74 $1,170.19 $0.00 $1,562.63 $279,102.56
237 $279,102.56 $1,170.19 $0.00 $1,578.09 $281,850.84
238 $281,850.84 $1,170.19 $0.00 $1,593.63 $284,614.66
239 $284,614.66 $1,170.19 $0.00 $1,609.25 $287,394.10
240 $287,394.10 $1,170.19 $0.00 $1,624.97 $290,189.26
241 $290,189.26 $1,170.19 $152,720.97 $1,640.77 $140,279.25
242 $140,279.25 $1,170.19 $0.00 $793.16 $142,242.60
243 $142,242.60 $1,170.19 $0.00 $804.26 $144,217.05
244 $144,217.05 $1,170.19 $0.00 $815.42 $146,202.66
245 $146,202.66 $1,170.19 $0.00 $826.65 $148,199.50
246 $148,199.50 $1,170.19 $0.00 $837.94 $150,207.63
247 $150,207.63 $1,170.19 $0.00 $849.30 $152,227.12
248 $152,227.12 $1,170.19 $0.00 $860.71 $154,258.02
249 $154,258.02 $1,170.19 $0.00 $872.20 $156,300.41
250 $156,300.41 $1,170.19 $0.00 $883.75 $158,354.35
251 $158,354.35 $1,170.19 $0.00 $895.36 $160,419.90
252 $160,419.90 $1,170.19 $0.00 $907.04 $162,497.13
253 $162,497.13 $0.00 $163,411.43 $918.78 $4.48