Savings Plan and Future Cost Estimation for Southeastern Baptist College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$27,682
Monthly savings required$219

How much will it cost to send your child to Southeastern Baptist College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $110,729.96 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $219.12 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$10,675.00
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 $219.12 $0.00 $0.00 $219.12
2 $219.12 $219.12 $0.00 $1.24 $439.48
3 $439.48 $219.12 $0.00 $2.48 $661.08
4 $661.08 $219.12 $0.00 $3.74 $883.94
5 $883.94 $219.12 $0.00 $5.00 $1,108.06
6 $1,108.06 $219.12 $0.00 $6.27 $1,333.45
7 $1,333.45 $219.12 $0.00 $7.54 $1,560.11
8 $1,560.11 $219.12 $0.00 $8.82 $1,788.05
9 $1,788.05 $219.12 $0.00 $10.11 $2,017.28
10 $2,017.28 $219.12 $0.00 $11.41 $2,247.81
11 $2,247.81 $219.12 $0.00 $12.71 $2,479.64
12 $2,479.64 $219.12 $0.00 $14.02 $2,712.78
13 $2,712.78 $219.12 $0.00 $15.34 $2,947.24
14 $2,947.24 $219.12 $0.00 $16.66 $3,183.02
15 $3,183.02 $219.12 $0.00 $18.00 $3,420.14
16 $3,420.14 $219.12 $0.00 $19.34 $3,658.60
17 $3,658.60 $219.12 $0.00 $20.69 $3,898.41
18 $3,898.41 $219.12 $0.00 $22.04 $4,139.57
19 $4,139.57 $219.12 $0.00 $23.41 $4,382.10
20 $4,382.10 $219.12 $0.00 $24.78 $4,626.00
21 $4,626.00 $219.12 $0.00 $26.16 $4,871.28
22 $4,871.28 $219.12 $0.00 $27.54 $5,117.94
23 $5,117.94 $219.12 $0.00 $28.94 $5,366.00
24 $5,366.00 $219.12 $0.00 $30.34 $5,615.46
25 $5,615.46 $219.12 $0.00 $31.75 $5,866.33
26 $5,866.33 $219.12 $0.00 $33.17 $6,118.62
27 $6,118.62 $219.12 $0.00 $34.60 $6,372.34
28 $6,372.34 $219.12 $0.00 $36.03 $6,627.49
29 $6,627.49 $219.12 $0.00 $37.47 $6,884.08
30 $6,884.08 $219.12 $0.00 $38.92 $7,142.12
31 $7,142.12 $219.12 $0.00 $40.38 $7,401.62
32 $7,401.62 $219.12 $0.00 $41.85 $7,662.59
33 $7,662.59 $219.12 $0.00 $43.33 $7,925.04
34 $7,925.04 $219.12 $0.00 $44.81 $8,188.97
35 $8,188.97 $219.12 $0.00 $46.30 $8,454.39
36 $8,454.39 $219.12 $0.00 $47.80 $8,721.31
37 $8,721.31 $219.12 $0.00 $49.31 $8,989.74
38 $8,989.74 $219.12 $0.00 $50.83 $9,259.69
39 $9,259.69 $219.12 $0.00 $52.36 $9,531.17
40 $9,531.17 $219.12 $0.00 $53.89 $9,804.18
41 $9,804.18 $219.12 $0.00 $55.43 $10,078.73
42 $10,078.73 $219.12 $0.00 $56.99 $10,354.84
43 $10,354.84 $219.12 $0.00 $58.55 $10,632.51
44 $10,632.51 $219.12 $0.00 $60.12 $10,911.75
45 $10,911.75 $219.12 $0.00 $61.70 $11,192.57
46 $11,192.57 $219.12 $0.00 $63.28 $11,474.97
47 $11,474.97 $219.12 $0.00 $64.88 $11,758.97
48 $11,758.97 $219.12 $0.00 $66.49 $12,044.58
49 $12,044.58 $219.12 $0.00 $68.10 $12,331.80
50 $12,331.80 $219.12 $0.00 $69.73 $12,620.65
51 $12,620.65 $219.12 $0.00 $71.36 $12,911.13
52 $12,911.13 $219.12 $0.00 $73.00 $13,203.25
53 $13,203.25 $219.12 $0.00 $74.65 $13,497.02
54 $13,497.02 $219.12 $0.00 $76.31 $13,792.45
55 $13,792.45 $219.12 $0.00 $77.98 $14,089.55
56 $14,089.55 $219.12 $0.00 $79.66 $14,388.33
57 $14,388.33 $219.12 $0.00 $81.35 $14,688.80
58 $14,688.80 $219.12 $0.00 $83.05 $14,990.97
59 $14,990.97 $219.12 $0.00 $84.76 $15,294.85
60 $15,294.85 $219.12 $0.00 $86.48 $15,600.45
61 $15,600.45 $219.12 $0.00 $88.21 $15,907.78
62 $15,907.78 $219.12 $0.00 $89.94 $16,216.84
63 $16,216.84 $219.12 $0.00 $91.69 $16,527.65
64 $16,527.65 $219.12 $0.00 $93.45 $16,840.22
65 $16,840.22 $219.12 $0.00 $95.22 $17,154.56
66 $17,154.56 $219.12 $0.00 $96.99 $17,470.67
67 $17,470.67 $219.12 $0.00 $98.78 $17,788.57
68 $17,788.57 $219.12 $0.00 $100.58 $18,108.27
69 $18,108.27 $219.12 $0.00 $102.39 $18,429.78
70 $18,429.78 $219.12 $0.00 $104.20 $18,753.10
71 $18,753.10 $219.12 $0.00 $106.03 $19,078.25
72 $19,078.25 $219.12 $0.00 $107.87 $19,405.24
73 $19,405.24 $219.12 $0.00 $109.72 $19,734.08
74 $19,734.08 $219.12 $0.00 $111.58 $20,064.78
75 $20,064.78 $219.12 $0.00 $113.45 $20,397.35
76 $20,397.35 $219.12 $0.00 $115.33 $20,731.80
77 $20,731.80 $219.12 $0.00 $117.22 $21,068.14
78 $21,068.14 $219.12 $0.00 $119.12 $21,406.38
79 $21,406.38 $219.12 $0.00 $121.03 $21,746.53
80 $21,746.53 $219.12 $0.00 $122.96 $22,088.61
81 $22,088.61 $219.12 $0.00 $124.89 $22,432.62
82 $22,432.62 $219.12 $0.00 $126.84 $22,778.58
83 $22,778.58 $219.12 $0.00 $128.79 $23,126.49
84 $23,126.49 $219.12 $0.00 $130.76 $23,476.37
85 $23,476.37 $219.12 $0.00 $132.74 $23,828.23
86 $23,828.23 $219.12 $0.00 $134.73 $24,182.08
87 $24,182.08 $219.12 $0.00 $136.73 $24,537.93
88 $24,537.93 $219.12 $0.00 $138.74 $24,895.79
89 $24,895.79 $219.12 $0.00 $140.76 $25,255.67
90 $25,255.67 $219.12 $0.00 $142.80 $25,617.59
91 $25,617.59 $219.12 $0.00 $144.85 $25,981.56
92 $25,981.56 $219.12 $0.00 $146.90 $26,347.58
93 $26,347.58 $219.12 $0.00 $148.97 $26,715.67
94 $26,715.67 $219.12 $0.00 $151.05 $27,085.84
95 $27,085.84 $219.12 $0.00 $153.15 $27,458.11
96 $27,458.11 $219.12 $0.00 $155.25 $27,832.48
97 $27,832.48 $219.12 $0.00 $157.37 $28,208.97
98 $28,208.97 $219.12 $0.00 $159.50 $28,587.59
99 $28,587.59 $219.12 $0.00 $161.64 $28,968.35
100 $28,968.35 $219.12 $0.00 $163.79 $29,351.26
101 $29,351.26 $219.12 $0.00 $165.96 $29,736.34
102 $29,736.34 $219.12 $0.00 $168.13 $30,123.59
103 $30,123.59 $219.12 $0.00 $170.32 $30,513.03
104 $30,513.03 $219.12 $0.00 $172.53 $30,904.68
105 $30,904.68 $219.12 $0.00 $174.74 $31,298.54
106 $31,298.54 $219.12 $0.00 $176.97 $31,694.63
107 $31,694.63 $219.12 $0.00 $179.21 $32,092.96
108 $32,092.96 $219.12 $0.00 $181.46 $32,493.54
109 $32,493.54 $219.12 $0.00 $183.72 $32,896.38
110 $32,896.38 $219.12 $0.00 $186.00 $33,301.50
111 $33,301.50 $219.12 $0.00 $188.29 $33,708.91
112 $33,708.91 $219.12 $0.00 $190.60 $34,118.63
113 $34,118.63 $219.12 $0.00 $192.91 $34,530.66
114 $34,530.66 $219.12 $0.00 $195.24 $34,945.02
115 $34,945.02 $219.12 $0.00 $197.58 $35,361.72
116 $35,361.72 $219.12 $0.00 $199.94 $35,780.78
117 $35,780.78 $219.12 $0.00 $202.31 $36,202.21
118 $36,202.21 $219.12 $0.00 $204.69 $36,626.02
119 $36,626.02 $219.12 $0.00 $207.09 $37,052.23
120 $37,052.23 $219.12 $0.00 $209.50 $37,480.85
121 $37,480.85 $219.12 $0.00 $211.92 $37,911.89
122 $37,911.89 $219.12 $0.00 $214.36 $38,345.37
123 $38,345.37 $219.12 $0.00 $216.81 $38,781.30
124 $38,781.30 $219.12 $0.00 $219.28 $39,219.70
125 $39,219.70 $219.12 $0.00 $221.75 $39,660.57
126 $39,660.57 $219.12 $0.00 $224.25 $40,103.94
127 $40,103.94 $219.12 $0.00 $226.75 $40,549.81
128 $40,549.81 $219.12 $0.00 $229.27 $40,998.20
129 $40,998.20 $219.12 $0.00 $231.81 $41,449.13
130 $41,449.13 $219.12 $0.00 $234.36 $41,902.61
131 $41,902.61 $219.12 $0.00 $236.92 $42,358.65
132 $42,358.65 $219.12 $0.00 $239.50 $42,817.27
133 $42,817.27 $219.12 $0.00 $242.10 $43,278.49
134 $43,278.49 $219.12 $0.00 $244.70 $43,742.31
135 $43,742.31 $219.12 $0.00 $247.33 $44,208.76
136 $44,208.76 $219.12 $0.00 $249.96 $44,677.84
137 $44,677.84 $219.12 $0.00 $252.62 $45,149.58
138 $45,149.58 $219.12 $0.00 $255.28 $45,623.98
139 $45,623.98 $219.12 $0.00 $257.96 $46,101.06
140 $46,101.06 $219.12 $0.00 $260.66 $46,580.84
141 $46,580.84 $219.12 $0.00 $263.37 $47,063.33
142 $47,063.33 $219.12 $0.00 $266.10 $47,548.55
143 $47,548.55 $219.12 $0.00 $268.85 $48,036.52
144 $48,036.52 $219.12 $0.00 $271.61 $48,527.25
145 $48,527.25 $219.12 $0.00 $274.38 $49,020.75
146 $49,020.75 $219.12 $0.00 $277.17 $49,517.04
147 $49,517.04 $219.12 $0.00 $279.98 $50,016.14
148 $50,016.14 $219.12 $0.00 $282.80 $50,518.06
149 $50,518.06 $219.12 $0.00 $285.64 $51,022.82
150 $51,022.82 $219.12 $0.00 $288.49 $51,530.43
151 $51,530.43 $219.12 $0.00 $291.36 $52,040.91
152 $52,040.91 $219.12 $0.00 $294.25 $52,554.28
153 $52,554.28 $219.12 $0.00 $297.15 $53,070.55
154 $53,070.55 $219.12 $0.00 $300.07 $53,589.74
155 $53,589.74 $219.12 $0.00 $303.00 $54,111.86
156 $54,111.86 $219.12 $0.00 $305.96 $54,636.94
157 $54,636.94 $219.12 $0.00 $308.93 $55,164.99
158 $55,164.99 $219.12 $0.00 $311.91 $55,696.02
159 $55,696.02 $219.12 $0.00 $314.91 $56,230.05
160 $56,230.05 $219.12 $0.00 $317.93 $56,767.10
161 $56,767.10 $219.12 $0.00 $320.97 $57,307.19
162 $57,307.19 $219.12 $0.00 $324.02 $57,850.33
163 $57,850.33 $219.12 $0.00 $327.09 $58,396.54
164 $58,396.54 $219.12 $0.00 $330.18 $58,945.84
165 $58,945.84 $219.12 $0.00 $333.29 $59,498.25
166 $59,498.25 $219.12 $0.00 $336.41 $60,053.78
167 $60,053.78 $219.12 $0.00 $339.55 $60,612.45
168 $60,612.45 $219.12 $0.00 $342.71 $61,174.28
169 $61,174.28 $219.12 $0.00 $345.89 $61,739.29
170 $61,739.29 $219.12 $0.00 $349.08 $62,307.49
171 $62,307.49 $219.12 $0.00 $352.30 $62,878.91
172 $62,878.91 $219.12 $0.00 $355.53 $63,453.56
173 $63,453.56 $219.12 $0.00 $358.78 $64,031.46
174 $64,031.46 $219.12 $0.00 $362.04 $64,612.62
175 $64,612.62 $219.12 $0.00 $365.33 $65,197.07
176 $65,197.07 $219.12 $0.00 $368.63 $65,784.82
177 $65,784.82 $219.12 $0.00 $371.96 $66,375.90
178 $66,375.90 $219.12 $0.00 $375.30 $66,970.32
179 $66,970.32 $219.12 $0.00 $378.66 $67,568.10
180 $67,568.10 $219.12 $0.00 $382.04 $68,169.26
181 $68,169.26 $219.12 $0.00 $385.44 $68,773.82
182 $68,773.82 $219.12 $0.00 $388.86 $69,381.80
183 $69,381.80 $219.12 $0.00 $392.29 $69,993.21
184 $69,993.21 $219.12 $0.00 $395.75 $70,608.08
185 $70,608.08 $219.12 $0.00 $399.23 $71,226.43
186 $71,226.43 $219.12 $0.00 $402.72 $71,848.27
187 $71,848.27 $219.12 $0.00 $406.24 $72,473.63
188 $72,473.63 $219.12 $0.00 $409.78 $73,102.53
189 $73,102.53 $219.12 $0.00 $413.33 $73,734.98
190 $73,734.98 $219.12 $0.00 $416.91 $74,371.01
191 $74,371.01 $219.12 $0.00 $420.50 $75,010.63
192 $75,010.63 $219.12 $0.00 $424.12 $75,653.87
193 $75,653.87 $219.12 $0.00 $427.76 $76,300.75
194 $76,300.75 $219.12 $0.00 $431.42 $76,951.29
195 $76,951.29 $219.12 $0.00 $435.09 $77,605.50
196 $77,605.50 $219.12 $0.00 $438.79 $78,263.41
197 $78,263.41 $219.12 $0.00 $442.51 $78,925.04
198 $78,925.04 $219.12 $0.00 $446.25 $79,590.41
199 $79,590.41 $219.12 $0.00 $450.02 $80,259.55
200 $80,259.55 $219.12 $0.00 $453.80 $80,932.47
201 $80,932.47 $219.12 $0.00 $457.60 $81,609.19
202 $81,609.19 $219.12 $0.00 $461.43 $82,289.74
203 $82,289.74 $219.12 $0.00 $465.28 $82,974.14
204 $82,974.14 $219.12 $0.00 $469.15 $83,662.41
205 $83,662.41 $219.12 $0.00 $473.04 $84,354.57
206 $84,354.57 $219.12 $0.00 $476.95 $85,050.64
207 $85,050.64 $219.12 $0.00 $480.89 $85,750.65
208 $85,750.65 $219.12 $0.00 $484.85 $86,454.62
209 $86,454.62 $219.12 $0.00 $488.83 $87,162.57
210 $87,162.57 $219.12 $0.00 $492.83 $87,874.52
211 $87,874.52 $219.12 $0.00 $496.86 $88,590.50
212 $88,590.50 $219.12 $0.00 $500.90 $89,310.52
213 $89,310.52 $219.12 $0.00 $504.97 $90,034.61
214 $90,034.61 $219.12 $0.00 $509.07 $90,762.80
215 $90,762.80 $219.12 $0.00 $513.19 $91,495.11
216 $91,495.11 $219.12 $0.00 $517.33 $92,231.56
217 $92,231.56 $219.12 $25,690.66 $521.49 $67,281.51
218 $67,281.51 $219.12 $0.00 $380.42 $67,881.05
219 $67,881.05 $219.12 $0.00 $383.81 $68,483.98
220 $68,483.98 $219.12 $0.00 $387.22 $69,090.32
221 $69,090.32 $219.12 $0.00 $390.65 $69,700.09
222 $69,700.09 $219.12 $0.00 $394.09 $70,313.30
223 $70,313.30 $219.12 $0.00 $397.56 $70,929.98
224 $70,929.98 $219.12 $0.00 $401.05 $71,550.15
225 $71,550.15 $219.12 $0.00 $404.55 $72,173.82
226 $72,173.82 $219.12 $0.00 $408.08 $72,801.02
227 $72,801.02 $219.12 $0.00 $411.63 $73,431.77
228 $73,431.77 $219.12 $0.00 $415.19 $74,066.08
229 $74,066.08 $219.12 $26,975.19 $418.78 $47,728.79
230 $47,728.79 $219.12 $0.00 $269.87 $48,217.78
231 $48,217.78 $219.12 $0.00 $272.63 $48,709.53
232 $48,709.53 $219.12 $0.00 $275.41 $49,204.06
233 $49,204.06 $219.12 $0.00 $278.21 $49,701.39
234 $49,701.39 $219.12 $0.00 $281.02 $50,201.53
235 $50,201.53 $219.12 $0.00 $283.85 $50,704.50
236 $50,704.50 $219.12 $0.00 $286.69 $51,210.31
237 $51,210.31 $219.12 $0.00 $289.55 $51,718.98
238 $51,718.98 $219.12 $0.00 $292.43 $52,230.53
239 $52,230.53 $219.12 $0.00 $295.32 $52,744.97
240 $52,744.97 $219.12 $0.00 $298.23 $53,262.32
241 $53,262.32 $219.12 $28,323.95 $301.15 $25,458.64
242 $25,458.64 $219.12 $0.00 $143.95 $25,821.71
243 $25,821.71 $219.12 $0.00 $146.00 $26,186.83
244 $26,186.83 $219.12 $0.00 $148.06 $26,554.01
245 $26,554.01 $219.12 $0.00 $150.14 $26,923.27
246 $26,923.27 $219.12 $0.00 $152.23 $27,294.62
247 $27,294.62 $219.12 $0.00 $154.33 $27,668.07
248 $27,668.07 $219.12 $0.00 $156.44 $28,043.63
249 $28,043.63 $219.12 $0.00 $158.56 $28,421.31
250 $28,421.31 $219.12 $0.00 $160.70 $28,801.13
251 $28,801.13 $219.12 $0.00 $162.85 $29,183.10
252 $29,183.10 $219.12 $0.00 $165.01 $29,567.23
253 $29,567.23 $0.00 $29,740.15 $167.18 ($5.74)