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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$89,466
Monthly savings required$708

How much will it cost to send your child to Concordia University Saint Paul in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $357,862.63 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $708.19 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$34,500.00
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 $708.19 $0.00 $0.00 $708.19
2 $708.19 $708.19 $0.00 $4.00 $1,420.38
3 $1,420.38 $708.19 $0.00 $8.03 $2,136.60
4 $2,136.60 $708.19 $0.00 $12.08 $2,856.87
5 $2,856.87 $708.19 $0.00 $16.15 $3,581.21
6 $3,581.21 $708.19 $0.00 $20.25 $4,309.65
7 $4,309.65 $708.19 $0.00 $24.37 $5,042.21
8 $5,042.21 $708.19 $0.00 $28.51 $5,778.91
9 $5,778.91 $708.19 $0.00 $32.67 $6,519.77
10 $6,519.77 $708.19 $0.00 $36.86 $7,264.82
11 $7,264.82 $708.19 $0.00 $41.08 $8,014.09
12 $8,014.09 $708.19 $0.00 $45.31 $8,767.59
13 $8,767.59 $708.19 $0.00 $49.57 $9,525.35
14 $9,525.35 $708.19 $0.00 $53.86 $10,287.40
15 $10,287.40 $708.19 $0.00 $58.17 $11,053.76
16 $11,053.76 $708.19 $0.00 $62.50 $11,824.45
17 $11,824.45 $708.19 $0.00 $66.86 $12,599.50
18 $12,599.50 $708.19 $0.00 $71.24 $13,378.93
19 $13,378.93 $708.19 $0.00 $75.65 $14,162.77
20 $14,162.77 $708.19 $0.00 $80.08 $14,951.04
21 $14,951.04 $708.19 $0.00 $84.54 $15,743.77
22 $15,743.77 $708.19 $0.00 $89.02 $16,540.98
23 $16,540.98 $708.19 $0.00 $93.53 $17,342.70
24 $17,342.70 $708.19 $0.00 $98.06 $18,148.95
25 $18,148.95 $708.19 $0.00 $102.62 $18,959.76
26 $18,959.76 $708.19 $0.00 $107.20 $19,775.15
27 $19,775.15 $708.19 $0.00 $111.81 $20,595.15
28 $20,595.15 $708.19 $0.00 $116.45 $21,419.79
29 $21,419.79 $708.19 $0.00 $121.11 $22,249.09
30 $22,249.09 $708.19 $0.00 $125.80 $23,083.08
31 $23,083.08 $708.19 $0.00 $130.52 $23,921.79
32 $23,921.79 $708.19 $0.00 $135.26 $24,765.24
33 $24,765.24 $708.19 $0.00 $140.03 $25,613.46
34 $25,613.46 $708.19 $0.00 $144.82 $26,466.47
35 $26,466.47 $708.19 $0.00 $149.65 $27,324.31
36 $27,324.31 $708.19 $0.00 $154.50 $28,187.00
37 $28,187.00 $708.19 $0.00 $159.37 $29,054.56
38 $29,054.56 $708.19 $0.00 $164.28 $29,927.03
39 $29,927.03 $708.19 $0.00 $169.21 $30,804.43
40 $30,804.43 $708.19 $0.00 $174.17 $31,686.79
41 $31,686.79 $708.19 $0.00 $179.16 $32,574.14
42 $32,574.14 $708.19 $0.00 $184.18 $33,466.51
43 $33,466.51 $708.19 $0.00 $189.22 $34,363.92
44 $34,363.92 $708.19 $0.00 $194.30 $35,266.41
45 $35,266.41 $708.19 $0.00 $199.40 $36,174.00
46 $36,174.00 $708.19 $0.00 $204.53 $37,086.72
47 $37,086.72 $708.19 $0.00 $209.69 $38,004.60
48 $38,004.60 $708.19 $0.00 $214.88 $38,927.67
49 $38,927.67 $708.19 $0.00 $220.10 $39,855.96
50 $39,855.96 $708.19 $0.00 $225.35 $40,789.50
51 $40,789.50 $708.19 $0.00 $230.63 $41,728.32
52 $41,728.32 $708.19 $0.00 $235.94 $42,672.45
53 $42,672.45 $708.19 $0.00 $241.28 $43,621.92
54 $43,621.92 $708.19 $0.00 $246.64 $44,576.75
55 $44,576.75 $708.19 $0.00 $252.04 $45,536.98
56 $45,536.98 $708.19 $0.00 $257.47 $46,502.64
57 $46,502.64 $708.19 $0.00 $262.93 $47,473.76
58 $47,473.76 $708.19 $0.00 $268.42 $48,450.37
59 $48,450.37 $708.19 $0.00 $273.95 $49,432.51
60 $49,432.51 $708.19 $0.00 $279.50 $50,420.20
61 $50,420.20 $708.19 $0.00 $285.08 $51,413.47
62 $51,413.47 $708.19 $0.00 $290.70 $52,412.36
63 $52,412.36 $708.19 $0.00 $296.35 $53,416.90
64 $53,416.90 $708.19 $0.00 $302.03 $54,427.12
65 $54,427.12 $708.19 $0.00 $307.74 $55,443.05
66 $55,443.05 $708.19 $0.00 $313.48 $56,464.72
67 $56,464.72 $708.19 $0.00 $319.26 $57,492.17
68 $57,492.17 $708.19 $0.00 $325.07 $58,525.43
69 $58,525.43 $708.19 $0.00 $330.91 $59,564.53
70 $59,564.53 $708.19 $0.00 $336.79 $60,609.51
71 $60,609.51 $708.19 $0.00 $342.69 $61,660.39
72 $61,660.39 $708.19 $0.00 $348.64 $62,717.22
73 $62,717.22 $708.19 $0.00 $354.61 $63,780.02
74 $63,780.02 $708.19 $0.00 $360.62 $64,848.83
75 $64,848.83 $708.19 $0.00 $366.66 $65,923.68
76 $65,923.68 $708.19 $0.00 $372.74 $67,004.61
77 $67,004.61 $708.19 $0.00 $378.85 $68,091.65
78 $68,091.65 $708.19 $0.00 $385.00 $69,184.84
79 $69,184.84 $708.19 $0.00 $391.18 $70,284.21
80 $70,284.21 $708.19 $0.00 $397.40 $71,389.80
81 $71,389.80 $708.19 $0.00 $403.65 $72,501.64
82 $72,501.64 $708.19 $0.00 $409.93 $73,619.76
83 $73,619.76 $708.19 $0.00 $416.26 $74,744.21
84 $74,744.21 $708.19 $0.00 $422.61 $75,875.01
85 $75,875.01 $708.19 $0.00 $429.01 $77,012.21
86 $77,012.21 $708.19 $0.00 $435.44 $78,155.84
87 $78,155.84 $708.19 $0.00 $441.90 $79,305.93
88 $79,305.93 $708.19 $0.00 $448.41 $80,462.53
89 $80,462.53 $708.19 $0.00 $454.95 $81,625.67
90 $81,625.67 $708.19 $0.00 $461.52 $82,795.38
91 $82,795.38 $708.19 $0.00 $468.14 $83,971.71
92 $83,971.71 $708.19 $0.00 $474.79 $85,154.69
93 $85,154.69 $708.19 $0.00 $481.48 $86,344.36
94 $86,344.36 $708.19 $0.00 $488.20 $87,540.75
95 $87,540.75 $708.19 $0.00 $494.97 $88,743.91
96 $88,743.91 $708.19 $0.00 $501.77 $89,953.87
97 $89,953.87 $708.19 $0.00 $508.61 $91,170.67
98 $91,170.67 $708.19 $0.00 $515.49 $92,394.35
99 $92,394.35 $708.19 $0.00 $522.41 $93,624.95
100 $93,624.95 $708.19 $0.00 $529.37 $94,862.51
101 $94,862.51 $708.19 $0.00 $536.37 $96,107.07
102 $96,107.07 $708.19 $0.00 $543.40 $97,358.66
103 $97,358.66 $708.19 $0.00 $550.48 $98,617.33
104 $98,617.33 $708.19 $0.00 $557.60 $99,883.12
105 $99,883.12 $708.19 $0.00 $564.75 $101,156.06
106 $101,156.06 $708.19 $0.00 $571.95 $102,436.20
107 $102,436.20 $708.19 $0.00 $579.19 $103,723.58
108 $103,723.58 $708.19 $0.00 $586.47 $105,018.24
109 $105,018.24 $708.19 $0.00 $593.79 $106,320.22
110 $106,320.22 $708.19 $0.00 $601.15 $107,629.56
111 $107,629.56 $708.19 $0.00 $608.55 $108,946.30
112 $108,946.30 $708.19 $0.00 $616.00 $110,270.49
113 $110,270.49 $708.19 $0.00 $623.49 $111,602.17
114 $111,602.17 $708.19 $0.00 $631.01 $112,941.37
115 $112,941.37 $708.19 $0.00 $638.59 $114,288.15
116 $114,288.15 $708.19 $0.00 $646.20 $115,642.54
117 $115,642.54 $708.19 $0.00 $653.86 $117,004.59
118 $117,004.59 $708.19 $0.00 $661.56 $118,374.34
119 $118,374.34 $708.19 $0.00 $669.31 $119,751.84
120 $119,751.84 $708.19 $0.00 $677.09 $121,137.12
121 $121,137.12 $708.19 $0.00 $684.93 $122,530.24
122 $122,530.24 $708.19 $0.00 $692.80 $123,931.23
123 $123,931.23 $708.19 $0.00 $700.73 $125,340.15
124 $125,340.15 $708.19 $0.00 $708.69 $126,757.03
125 $126,757.03 $708.19 $0.00 $716.70 $128,181.92
126 $128,181.92 $708.19 $0.00 $724.76 $129,614.87
127 $129,614.87 $708.19 $0.00 $732.86 $131,055.92
128 $131,055.92 $708.19 $0.00 $741.01 $132,505.12
129 $132,505.12 $708.19 $0.00 $749.20 $133,962.51
130 $133,962.51 $708.19 $0.00 $757.44 $135,428.14
131 $135,428.14 $708.19 $0.00 $765.73 $136,902.06
132 $136,902.06 $708.19 $0.00 $774.06 $138,384.31
133 $138,384.31 $708.19 $0.00 $782.45 $139,874.95
134 $139,874.95 $708.19 $0.00 $790.87 $141,374.01
135 $141,374.01 $708.19 $0.00 $799.35 $142,881.55
136 $142,881.55 $708.19 $0.00 $807.87 $144,397.61
137 $144,397.61 $708.19 $0.00 $816.45 $145,922.25
138 $145,922.25 $708.19 $0.00 $825.07 $147,455.51
139 $147,455.51 $708.19 $0.00 $833.73 $148,997.43
140 $148,997.43 $708.19 $0.00 $842.45 $150,548.07
141 $150,548.07 $708.19 $0.00 $851.22 $152,107.48
142 $152,107.48 $708.19 $0.00 $860.04 $153,675.71
143 $153,675.71 $708.19 $0.00 $868.90 $155,252.80
144 $155,252.80 $708.19 $0.00 $877.82 $156,838.81
145 $156,838.81 $708.19 $0.00 $886.79 $158,433.79
146 $158,433.79 $708.19 $0.00 $895.81 $160,037.79
147 $160,037.79 $708.19 $0.00 $904.88 $161,650.86
148 $161,650.86 $708.19 $0.00 $914.00 $163,273.05
149 $163,273.05 $708.19 $0.00 $923.17 $164,904.41
150 $164,904.41 $708.19 $0.00 $932.39 $166,544.99
151 $166,544.99 $708.19 $0.00 $941.67 $168,194.85
152 $168,194.85 $708.19 $0.00 $951.00 $169,854.04
153 $169,854.04 $708.19 $0.00 $960.38 $171,522.61
154 $171,522.61 $708.19 $0.00 $969.81 $173,200.61
155 $173,200.61 $708.19 $0.00 $979.30 $174,888.10
156 $174,888.10 $708.19 $0.00 $988.84 $176,585.13
157 $176,585.13 $708.19 $0.00 $998.44 $178,291.76
158 $178,291.76 $708.19 $0.00 $1,008.09 $180,008.04
159 $180,008.04 $708.19 $0.00 $1,017.79 $181,734.02
160 $181,734.02 $708.19 $0.00 $1,027.55 $183,469.76
161 $183,469.76 $708.19 $0.00 $1,037.36 $185,215.31
162 $185,215.31 $708.19 $0.00 $1,047.23 $186,970.73
163 $186,970.73 $708.19 $0.00 $1,057.16 $188,736.08
164 $188,736.08 $708.19 $0.00 $1,067.14 $190,511.41
165 $190,511.41 $708.19 $0.00 $1,077.18 $192,296.78
166 $192,296.78 $708.19 $0.00 $1,087.27 $194,092.24
167 $194,092.24 $708.19 $0.00 $1,097.43 $195,897.86
168 $195,897.86 $708.19 $0.00 $1,107.63 $197,713.68
169 $197,713.68 $708.19 $0.00 $1,117.90 $199,539.77
170 $199,539.77 $708.19 $0.00 $1,128.23 $201,376.19
171 $201,376.19 $708.19 $0.00 $1,138.61 $203,222.99
172 $203,222.99 $708.19 $0.00 $1,149.05 $205,080.23
173 $205,080.23 $708.19 $0.00 $1,159.55 $206,947.97
174 $206,947.97 $708.19 $0.00 $1,170.11 $208,826.27
175 $208,826.27 $708.19 $0.00 $1,180.73 $210,715.19
176 $210,715.19 $708.19 $0.00 $1,191.41 $212,614.79
177 $212,614.79 $708.19 $0.00 $1,202.15 $214,525.13
178 $214,525.13 $708.19 $0.00 $1,212.96 $216,446.28
179 $216,446.28 $708.19 $0.00 $1,223.82 $218,378.29
180 $218,378.29 $708.19 $0.00 $1,234.74 $220,321.22
181 $220,321.22 $708.19 $0.00 $1,245.73 $222,275.14
182 $222,275.14 $708.19 $0.00 $1,256.78 $224,240.11
183 $224,240.11 $708.19 $0.00 $1,267.89 $226,216.19
184 $226,216.19 $708.19 $0.00 $1,279.06 $228,203.44
185 $228,203.44 $708.19 $0.00 $1,290.30 $230,201.93
186 $230,201.93 $708.19 $0.00 $1,301.60 $232,211.72
187 $232,211.72 $708.19 $0.00 $1,312.96 $234,232.87
188 $234,232.87 $708.19 $0.00 $1,324.39 $236,265.45
189 $236,265.45 $708.19 $0.00 $1,335.88 $238,309.52
190 $238,309.52 $708.19 $0.00 $1,347.44 $240,365.15
191 $240,365.15 $708.19 $0.00 $1,359.06 $242,432.40
192 $242,432.40 $708.19 $0.00 $1,370.75 $244,511.34
193 $244,511.34 $708.19 $0.00 $1,382.50 $246,602.03
194 $246,602.03 $708.19 $0.00 $1,394.32 $248,704.54
195 $248,704.54 $708.19 $0.00 $1,406.21 $250,818.94
196 $250,818.94 $708.19 $0.00 $1,418.17 $252,945.30
197 $252,945.30 $708.19 $0.00 $1,430.19 $255,083.68
198 $255,083.68 $708.19 $0.00 $1,442.28 $257,234.15
199 $257,234.15 $708.19 $0.00 $1,454.44 $259,396.78
200 $259,396.78 $708.19 $0.00 $1,466.67 $261,571.64
201 $261,571.64 $708.19 $0.00 $1,478.96 $263,758.79
202 $263,758.79 $708.19 $0.00 $1,491.33 $265,958.31
203 $265,958.31 $708.19 $0.00 $1,503.77 $268,170.27
204 $268,170.27 $708.19 $0.00 $1,516.27 $270,394.73
205 $270,394.73 $708.19 $0.00 $1,528.85 $272,631.77
206 $272,631.77 $708.19 $0.00 $1,541.50 $274,881.46
207 $274,881.46 $708.19 $0.00 $1,554.22 $277,143.87
208 $277,143.87 $708.19 $0.00 $1,567.01 $279,419.07
209 $279,419.07 $708.19 $0.00 $1,579.88 $281,707.14
210 $281,707.14 $708.19 $0.00 $1,592.81 $284,008.14
211 $284,008.14 $708.19 $0.00 $1,605.82 $286,322.15
212 $286,322.15 $708.19 $0.00 $1,618.91 $288,649.25
213 $288,649.25 $708.19 $0.00 $1,632.06 $290,989.50
214 $290,989.50 $708.19 $0.00 $1,645.30 $293,342.99
215 $293,342.99 $708.19 $0.00 $1,658.60 $295,709.78
216 $295,709.78 $708.19 $0.00 $1,671.99 $298,089.96
217 $298,089.96 $708.19 $83,028.36 $1,685.44 $217,455.23
218 $217,455.23 $708.19 $0.00 $1,229.52 $219,392.94
219 $219,392.94 $708.19 $0.00 $1,240.48 $221,341.61
220 $221,341.61 $708.19 $0.00 $1,251.50 $223,301.30
221 $223,301.30 $708.19 $0.00 $1,262.58 $225,272.07
222 $225,272.07 $708.19 $0.00 $1,273.72 $227,253.98
223 $227,253.98 $708.19 $0.00 $1,284.93 $229,247.10
224 $229,247.10 $708.19 $0.00 $1,296.20 $231,251.49
225 $231,251.49 $708.19 $0.00 $1,307.53 $233,267.21
226 $233,267.21 $708.19 $0.00 $1,318.93 $235,294.33
227 $235,294.33 $708.19 $0.00 $1,330.39 $237,332.91
228 $237,332.91 $708.19 $0.00 $1,341.91 $239,383.01
229 $239,383.01 $708.19 $87,179.78 $1,353.51 $154,264.93
230 $154,264.93 $708.19 $0.00 $872.24 $155,845.36
231 $155,845.36 $708.19 $0.00 $881.17 $157,434.72
232 $157,434.72 $708.19 $0.00 $890.16 $159,033.07
233 $159,033.07 $708.19 $0.00 $899.20 $160,640.46
234 $160,640.46 $708.19 $0.00 $908.28 $162,256.93
235 $162,256.93 $708.19 $0.00 $917.42 $163,882.54
236 $163,882.54 $708.19 $0.00 $926.62 $165,517.35
237 $165,517.35 $708.19 $0.00 $935.86 $167,161.40
238 $167,161.40 $708.19 $0.00 $945.15 $168,814.74
239 $168,814.74 $708.19 $0.00 $954.50 $170,477.43
240 $170,477.43 $708.19 $0.00 $963.90 $172,149.52
241 $172,149.52 $708.19 $91,538.77 $973.36 $82,292.30
242 $82,292.30 $708.19 $0.00 $465.29 $83,465.78
243 $83,465.78 $708.19 $0.00 $471.93 $84,645.90
244 $84,645.90 $708.19 $0.00 $478.60 $85,832.69
245 $85,832.69 $708.19 $0.00 $485.31 $87,026.19
246 $87,026.19 $708.19 $0.00 $492.06 $88,226.44
247 $88,226.44 $708.19 $0.00 $498.85 $89,433.48
248 $89,433.48 $708.19 $0.00 $505.67 $90,647.34
249 $90,647.34 $708.19 $0.00 $512.53 $91,868.06
250 $91,868.06 $708.19 $0.00 $519.44 $93,095.69
251 $93,095.69 $708.19 $0.00 $526.38 $94,330.26
252 $94,330.26 $708.19 $0.00 $533.36 $95,571.81
253 $95,571.81 $0.00 $96,115.71 $540.38 ($3.52)