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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$96,001
Monthly savings required$760

How much will it cost to send your child to Duluth Business University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $384,002.16 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $759.91 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$37,020.00
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 $759.91 $0.00 $0.00 $759.91
2 $759.91 $759.91 $0.00 $4.30 $1,524.12
3 $1,524.12 $759.91 $0.00 $8.62 $2,292.65
4 $2,292.65 $759.91 $0.00 $12.96 $3,065.52
5 $3,065.52 $759.91 $0.00 $17.33 $3,842.76
6 $3,842.76 $759.91 $0.00 $21.73 $4,624.40
7 $4,624.40 $759.91 $0.00 $26.15 $5,410.46
8 $5,410.46 $759.91 $0.00 $30.59 $6,200.96
9 $6,200.96 $759.91 $0.00 $35.06 $6,995.93
10 $6,995.93 $759.91 $0.00 $39.56 $7,795.40
11 $7,795.40 $759.91 $0.00 $44.08 $8,599.39
12 $8,599.39 $759.91 $0.00 $48.62 $9,407.92
13 $9,407.92 $759.91 $0.00 $53.19 $10,221.02
14 $10,221.02 $759.91 $0.00 $57.79 $11,038.72
15 $11,038.72 $759.91 $0.00 $62.41 $11,861.04
16 $11,861.04 $759.91 $0.00 $67.06 $12,688.01
17 $12,688.01 $759.91 $0.00 $71.74 $13,519.66
18 $13,519.66 $759.91 $0.00 $76.44 $14,356.01
19 $14,356.01 $759.91 $0.00 $81.17 $15,197.09
20 $15,197.09 $759.91 $0.00 $85.93 $16,042.93
21 $16,042.93 $759.91 $0.00 $90.71 $16,893.55
22 $16,893.55 $759.91 $0.00 $95.52 $17,748.98
23 $17,748.98 $759.91 $0.00 $100.36 $18,609.25
24 $18,609.25 $759.91 $0.00 $105.22 $19,474.38
25 $19,474.38 $759.91 $0.00 $110.11 $20,344.40
26 $20,344.40 $759.91 $0.00 $115.03 $21,219.34
27 $21,219.34 $759.91 $0.00 $119.98 $22,099.23
28 $22,099.23 $759.91 $0.00 $124.95 $22,984.09
29 $22,984.09 $759.91 $0.00 $129.96 $23,873.96
30 $23,873.96 $759.91 $0.00 $134.99 $24,768.86
31 $24,768.86 $759.91 $0.00 $140.05 $25,668.82
32 $25,668.82 $759.91 $0.00 $145.14 $26,573.87
33 $26,573.87 $759.91 $0.00 $150.25 $27,484.03
34 $27,484.03 $759.91 $0.00 $155.40 $28,399.34
35 $28,399.34 $759.91 $0.00 $160.57 $29,319.82
36 $29,319.82 $759.91 $0.00 $165.78 $30,245.51
37 $30,245.51 $759.91 $0.00 $171.01 $31,176.43
38 $31,176.43 $759.91 $0.00 $176.28 $32,112.62
39 $32,112.62 $759.91 $0.00 $181.57 $33,054.10
40 $33,054.10 $759.91 $0.00 $186.89 $34,000.90
41 $34,000.90 $759.91 $0.00 $192.25 $34,953.06
42 $34,953.06 $759.91 $0.00 $197.63 $35,910.60
43 $35,910.60 $759.91 $0.00 $203.04 $36,873.55
44 $36,873.55 $759.91 $0.00 $208.49 $37,841.95
45 $37,841.95 $759.91 $0.00 $213.96 $38,815.82
46 $38,815.82 $759.91 $0.00 $219.47 $39,795.20
47 $39,795.20 $759.91 $0.00 $225.01 $40,780.12
48 $40,780.12 $759.91 $0.00 $230.58 $41,770.61
49 $41,770.61 $759.91 $0.00 $236.18 $42,766.70
50 $42,766.70 $759.91 $0.00 $241.81 $43,768.42
51 $43,768.42 $759.91 $0.00 $247.47 $44,775.80
52 $44,775.80 $759.91 $0.00 $253.17 $45,788.88
53 $45,788.88 $759.91 $0.00 $258.90 $46,807.69
54 $46,807.69 $759.91 $0.00 $264.66 $47,832.26
55 $47,832.26 $759.91 $0.00 $270.45 $48,862.62
56 $48,862.62 $759.91 $0.00 $276.28 $49,898.81
57 $49,898.81 $759.91 $0.00 $282.14 $50,940.86
58 $50,940.86 $759.91 $0.00 $288.03 $51,988.80
59 $51,988.80 $759.91 $0.00 $293.95 $53,042.66
60 $53,042.66 $759.91 $0.00 $299.91 $54,102.48
61 $54,102.48 $759.91 $0.00 $305.90 $55,168.29
62 $55,168.29 $759.91 $0.00 $311.93 $56,240.13
63 $56,240.13 $759.91 $0.00 $317.99 $57,318.03
64 $57,318.03 $759.91 $0.00 $324.08 $58,402.02
65 $58,402.02 $759.91 $0.00 $330.21 $59,492.14
66 $59,492.14 $759.91 $0.00 $336.38 $60,588.43
67 $60,588.43 $759.91 $0.00 $342.58 $61,690.92
68 $61,690.92 $759.91 $0.00 $348.81 $62,799.64
69 $62,799.64 $759.91 $0.00 $355.08 $63,914.63
70 $63,914.63 $759.91 $0.00 $361.38 $65,035.92
71 $65,035.92 $759.91 $0.00 $367.72 $66,163.55
72 $66,163.55 $759.91 $0.00 $374.10 $67,297.56
73 $67,297.56 $759.91 $0.00 $380.51 $68,437.98
74 $68,437.98 $759.91 $0.00 $386.96 $69,584.85
75 $69,584.85 $759.91 $0.00 $393.44 $70,738.20
76 $70,738.20 $759.91 $0.00 $399.96 $71,898.07
77 $71,898.07 $759.91 $0.00 $406.52 $73,064.50
78 $73,064.50 $759.91 $0.00 $413.12 $74,237.53
79 $74,237.53 $759.91 $0.00 $419.75 $75,417.19
80 $75,417.19 $759.91 $0.00 $426.42 $76,603.52
81 $76,603.52 $759.91 $0.00 $433.13 $77,796.56
82 $77,796.56 $759.91 $0.00 $439.87 $78,996.34
83 $78,996.34 $759.91 $0.00 $446.66 $80,202.91
84 $80,202.91 $759.91 $0.00 $453.48 $81,416.30
85 $81,416.30 $759.91 $0.00 $460.34 $82,636.55
86 $82,636.55 $759.91 $0.00 $467.24 $83,863.70
87 $83,863.70 $759.91 $0.00 $474.18 $85,097.79
88 $85,097.79 $759.91 $0.00 $481.16 $86,338.86
89 $86,338.86 $759.91 $0.00 $488.17 $87,586.94
90 $87,586.94 $759.91 $0.00 $495.23 $88,842.08
91 $88,842.08 $759.91 $0.00 $502.33 $90,104.32
92 $90,104.32 $759.91 $0.00 $509.46 $91,373.69
93 $91,373.69 $759.91 $0.00 $516.64 $92,650.24
94 $92,650.24 $759.91 $0.00 $523.86 $93,934.01
95 $93,934.01 $759.91 $0.00 $531.12 $95,225.04
96 $95,225.04 $759.91 $0.00 $538.42 $96,523.37
97 $96,523.37 $759.91 $0.00 $545.76 $97,829.04
98 $97,829.04 $759.91 $0.00 $553.14 $99,142.09
99 $99,142.09 $759.91 $0.00 $560.56 $100,462.56
100 $100,462.56 $759.91 $0.00 $568.03 $101,790.50
101 $101,790.50 $759.91 $0.00 $575.54 $103,125.95
102 $103,125.95 $759.91 $0.00 $583.09 $104,468.95
103 $104,468.95 $759.91 $0.00 $590.68 $105,819.54
104 $105,819.54 $759.91 $0.00 $598.32 $107,177.77
105 $107,177.77 $759.91 $0.00 $606.00 $108,543.68
106 $108,543.68 $759.91 $0.00 $613.72 $109,917.31
107 $109,917.31 $759.91 $0.00 $621.49 $111,298.71
108 $111,298.71 $759.91 $0.00 $629.30 $112,687.92
109 $112,687.92 $759.91 $0.00 $637.15 $114,084.98
110 $114,084.98 $759.91 $0.00 $645.05 $115,489.94
111 $115,489.94 $759.91 $0.00 $653.00 $116,902.85
112 $116,902.85 $759.91 $0.00 $660.99 $118,323.75
113 $118,323.75 $759.91 $0.00 $669.02 $119,752.68
114 $119,752.68 $759.91 $0.00 $677.10 $121,189.69
115 $121,189.69 $759.91 $0.00 $685.22 $122,634.82
116 $122,634.82 $759.91 $0.00 $693.40 $124,088.13
117 $124,088.13 $759.91 $0.00 $701.61 $125,549.65
118 $125,549.65 $759.91 $0.00 $709.88 $127,019.44
119 $127,019.44 $759.91 $0.00 $718.19 $128,497.54
120 $128,497.54 $759.91 $0.00 $726.54 $129,983.99
121 $129,983.99 $759.91 $0.00 $734.95 $131,478.85
122 $131,478.85 $759.91 $0.00 $743.40 $132,982.16
123 $132,982.16 $759.91 $0.00 $751.90 $134,493.97
124 $134,493.97 $759.91 $0.00 $760.45 $136,014.33
125 $136,014.33 $759.91 $0.00 $769.04 $137,543.28
126 $137,543.28 $759.91 $0.00 $777.69 $139,080.88
127 $139,080.88 $759.91 $0.00 $786.38 $140,627.17
128 $140,627.17 $759.91 $0.00 $795.13 $142,182.21
129 $142,182.21 $759.91 $0.00 $803.92 $143,746.04
130 $143,746.04 $759.91 $0.00 $812.76 $145,318.71
131 $145,318.71 $759.91 $0.00 $821.65 $146,900.27
132 $146,900.27 $759.91 $0.00 $830.60 $148,490.78
133 $148,490.78 $759.91 $0.00 $839.59 $150,090.28
134 $150,090.28 $759.91 $0.00 $848.63 $151,698.82
135 $151,698.82 $759.91 $0.00 $857.73 $153,316.46
136 $153,316.46 $759.91 $0.00 $866.87 $154,943.24
137 $154,943.24 $759.91 $0.00 $876.07 $156,579.22
138 $156,579.22 $759.91 $0.00 $885.32 $158,224.45
139 $158,224.45 $759.91 $0.00 $894.62 $159,878.98
140 $159,878.98 $759.91 $0.00 $903.98 $161,542.87
141 $161,542.87 $759.91 $0.00 $913.39 $163,216.17
142 $163,216.17 $759.91 $0.00 $922.85 $164,898.93
143 $164,898.93 $759.91 $0.00 $932.36 $166,591.20
144 $166,591.20 $759.91 $0.00 $941.93 $168,293.04
145 $168,293.04 $759.91 $0.00 $951.55 $170,004.50
146 $170,004.50 $759.91 $0.00 $961.23 $171,725.64
147 $171,725.64 $759.91 $0.00 $970.96 $173,456.51
148 $173,456.51 $759.91 $0.00 $980.75 $175,197.17
149 $175,197.17 $759.91 $0.00 $990.59 $176,947.67
150 $176,947.67 $759.91 $0.00 $1,000.49 $178,708.07
151 $178,708.07 $759.91 $0.00 $1,010.44 $180,478.42
152 $180,478.42 $759.91 $0.00 $1,020.45 $182,258.78
153 $182,258.78 $759.91 $0.00 $1,030.52 $184,049.21
154 $184,049.21 $759.91 $0.00 $1,040.64 $185,849.76
155 $185,849.76 $759.91 $0.00 $1,050.82 $187,660.49
156 $187,660.49 $759.91 $0.00 $1,061.06 $189,481.46
157 $189,481.46 $759.91 $0.00 $1,071.36 $191,312.73
158 $191,312.73 $759.91 $0.00 $1,081.71 $193,154.35
159 $193,154.35 $759.91 $0.00 $1,092.12 $195,006.38
160 $195,006.38 $759.91 $0.00 $1,102.59 $196,868.88
161 $196,868.88 $759.91 $0.00 $1,113.13 $198,741.92
162 $198,741.92 $759.91 $0.00 $1,123.72 $200,625.55
163 $200,625.55 $759.91 $0.00 $1,134.37 $202,519.83
164 $202,519.83 $759.91 $0.00 $1,145.08 $204,424.82
165 $204,424.82 $759.91 $0.00 $1,155.85 $206,340.58
166 $206,340.58 $759.91 $0.00 $1,166.68 $208,267.17
167 $208,267.17 $759.91 $0.00 $1,177.57 $210,204.65
168 $210,204.65 $759.91 $0.00 $1,188.53 $212,153.09
169 $212,153.09 $759.91 $0.00 $1,199.54 $214,112.54
170 $214,112.54 $759.91 $0.00 $1,210.62 $216,083.07
171 $216,083.07 $759.91 $0.00 $1,221.77 $218,064.75
172 $218,064.75 $759.91 $0.00 $1,232.97 $220,057.63
173 $220,057.63 $759.91 $0.00 $1,244.24 $222,061.78
174 $222,061.78 $759.91 $0.00 $1,255.57 $224,077.26
175 $224,077.26 $759.91 $0.00 $1,266.97 $226,104.14
176 $226,104.14 $759.91 $0.00 $1,278.43 $228,142.48
177 $228,142.48 $759.91 $0.00 $1,289.95 $230,192.34
178 $230,192.34 $759.91 $0.00 $1,301.54 $232,253.79
179 $232,253.79 $759.91 $0.00 $1,313.20 $234,326.90
180 $234,326.90 $759.91 $0.00 $1,324.92 $236,411.73
181 $236,411.73 $759.91 $0.00 $1,336.71 $238,508.35
182 $238,508.35 $759.91 $0.00 $1,348.56 $240,616.82
183 $240,616.82 $759.91 $0.00 $1,360.48 $242,737.21
184 $242,737.21 $759.91 $0.00 $1,372.47 $244,869.59
185 $244,869.59 $759.91 $0.00 $1,384.53 $247,014.03
186 $247,014.03 $759.91 $0.00 $1,396.65 $249,170.59
187 $249,170.59 $759.91 $0.00 $1,408.85 $251,339.35
188 $251,339.35 $759.91 $0.00 $1,421.11 $253,520.37
189 $253,520.37 $759.91 $0.00 $1,433.44 $255,713.72
190 $255,713.72 $759.91 $0.00 $1,445.84 $257,919.47
191 $257,919.47 $759.91 $0.00 $1,458.31 $260,137.69
192 $260,137.69 $759.91 $0.00 $1,470.86 $262,368.46
193 $262,368.46 $759.91 $0.00 $1,483.47 $264,611.84
194 $264,611.84 $759.91 $0.00 $1,496.15 $266,867.90
195 $266,867.90 $759.91 $0.00 $1,508.91 $269,136.72
196 $269,136.72 $759.91 $0.00 $1,521.74 $271,418.37
197 $271,418.37 $759.91 $0.00 $1,534.64 $273,712.92
198 $273,712.92 $759.91 $0.00 $1,547.61 $276,020.44
199 $276,020.44 $759.91 $0.00 $1,560.66 $278,341.01
200 $278,341.01 $759.91 $0.00 $1,573.78 $280,674.70
201 $280,674.70 $759.91 $0.00 $1,586.98 $283,021.59
202 $283,021.59 $759.91 $0.00 $1,600.25 $285,381.75
203 $285,381.75 $759.91 $0.00 $1,613.59 $287,755.25
204 $287,755.25 $759.91 $0.00 $1,627.01 $290,142.17
205 $290,142.17 $759.91 $0.00 $1,640.51 $292,542.59
206 $292,542.59 $759.91 $0.00 $1,654.08 $294,956.58
207 $294,956.58 $759.91 $0.00 $1,667.73 $297,384.22
208 $297,384.22 $759.91 $0.00 $1,681.45 $299,825.58
209 $299,825.58 $759.91 $0.00 $1,695.26 $302,280.75
210 $302,280.75 $759.91 $0.00 $1,709.14 $304,749.80
211 $304,749.80 $759.91 $0.00 $1,723.10 $307,232.81
212 $307,232.81 $759.91 $0.00 $1,737.14 $309,729.86
213 $309,729.86 $759.91 $0.00 $1,751.26 $312,241.03
214 $312,241.03 $759.91 $0.00 $1,765.46 $314,766.40
215 $314,766.40 $759.91 $0.00 $1,779.73 $317,306.04
216 $317,306.04 $759.91 $0.00 $1,794.09 $319,860.04
217 $319,860.04 $759.91 $89,093.04 $1,808.54 $233,335.45
218 $233,335.45 $759.91 $0.00 $1,319.31 $235,414.67
219 $235,414.67 $759.91 $0.00 $1,331.07 $237,505.65
220 $237,505.65 $759.91 $0.00 $1,342.89 $239,608.45
221 $239,608.45 $759.91 $0.00 $1,354.78 $241,723.14
222 $241,723.14 $759.91 $0.00 $1,366.74 $243,849.79
223 $243,849.79 $759.91 $0.00 $1,378.76 $245,988.46
224 $245,988.46 $759.91 $0.00 $1,390.85 $248,139.22
225 $248,139.22 $759.91 $0.00 $1,403.02 $250,302.15
226 $250,302.15 $759.91 $0.00 $1,415.24 $252,477.30
227 $252,477.30 $759.91 $0.00 $1,427.54 $254,664.75
228 $254,664.75 $759.91 $0.00 $1,439.91 $256,864.57
229 $256,864.57 $759.91 $93,547.70 $1,452.35 $165,529.13
230 $165,529.13 $759.91 $0.00 $935.93 $167,224.97
231 $167,224.97 $759.91 $0.00 $945.51 $168,930.39
232 $168,930.39 $759.91 $0.00 $955.16 $170,645.46
233 $170,645.46 $759.91 $0.00 $964.85 $172,370.22
234 $172,370.22 $759.91 $0.00 $974.61 $174,104.74
235 $174,104.74 $759.91 $0.00 $984.41 $175,849.06
236 $175,849.06 $759.91 $0.00 $994.28 $177,603.25
237 $177,603.25 $759.91 $0.00 $1,004.19 $179,367.35
238 $179,367.35 $759.91 $0.00 $1,014.17 $181,141.43
239 $181,141.43 $759.91 $0.00 $1,024.20 $182,925.54
240 $182,925.54 $759.91 $0.00 $1,034.29 $184,719.74
241 $184,719.74 $759.91 $98,225.08 $1,044.43 $88,299.00
242 $88,299.00 $759.91 $0.00 $499.26 $89,558.17
243 $89,558.17 $759.91 $0.00 $506.37 $90,824.45
244 $90,824.45 $759.91 $0.00 $513.53 $92,097.89
245 $92,097.89 $759.91 $0.00 $520.73 $93,378.53
246 $93,378.53 $759.91 $0.00 $527.98 $94,666.42
247 $94,666.42 $759.91 $0.00 $535.26 $95,961.59
248 $95,961.59 $759.91 $0.00 $542.58 $97,264.08
249 $97,264.08 $759.91 $0.00 $549.95 $98,573.94
250 $98,573.94 $759.91 $0.00 $557.35 $99,891.20
251 $99,891.20 $759.91 $0.00 $564.80 $101,215.91
252 $101,215.91 $759.91 $0.00 $572.29 $102,548.11
253 $102,548.11 $0.00 $103,136.34 $579.82 ($8.41)