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 2042$40,424
Monthly savings required$319

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 $161,697.26 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $319.48 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$10,775.00
Years until enrollment18
Annual Tuition Increase7%
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 $319.48 $0.00 $0.00 $319.48
2 $319.48 $319.48 $0.00 $1.81 $640.77
3 $640.77 $319.48 $0.00 $3.62 $963.87
4 $963.87 $319.48 $0.00 $5.45 $1,288.80
5 $1,288.80 $319.48 $0.00 $7.29 $1,615.57
6 $1,615.57 $319.48 $0.00 $9.13 $1,944.18
7 $1,944.18 $319.48 $0.00 $10.99 $2,274.65
8 $2,274.65 $319.48 $0.00 $12.86 $2,606.99
9 $2,606.99 $319.48 $0.00 $14.74 $2,941.21
10 $2,941.21 $319.48 $0.00 $16.63 $3,277.32
11 $3,277.32 $319.48 $0.00 $18.53 $3,615.33
12 $3,615.33 $319.48 $0.00 $20.44 $3,955.25
13 $3,955.25 $319.48 $0.00 $22.36 $4,297.09
14 $4,297.09 $319.48 $0.00 $24.30 $4,640.87
15 $4,640.87 $319.48 $0.00 $26.24 $4,986.59
16 $4,986.59 $319.48 $0.00 $28.19 $5,334.26
17 $5,334.26 $319.48 $0.00 $30.16 $5,683.90
18 $5,683.90 $319.48 $0.00 $32.14 $6,035.52
19 $6,035.52 $319.48 $0.00 $34.13 $6,389.13
20 $6,389.13 $319.48 $0.00 $36.13 $6,744.74
21 $6,744.74 $319.48 $0.00 $38.14 $7,102.36
22 $7,102.36 $319.48 $0.00 $40.16 $7,462.00
23 $7,462.00 $319.48 $0.00 $42.19 $7,823.67
24 $7,823.67 $319.48 $0.00 $44.24 $8,187.39
25 $8,187.39 $319.48 $0.00 $46.29 $8,553.16
26 $8,553.16 $319.48 $0.00 $48.36 $8,921.00
27 $8,921.00 $319.48 $0.00 $50.44 $9,290.92
28 $9,290.92 $319.48 $0.00 $52.53 $9,662.93
29 $9,662.93 $319.48 $0.00 $54.64 $10,037.05
30 $10,037.05 $319.48 $0.00 $56.75 $10,413.28
31 $10,413.28 $319.48 $0.00 $58.88 $10,791.64
32 $10,791.64 $319.48 $0.00 $61.02 $11,172.14
33 $11,172.14 $319.48 $0.00 $63.17 $11,554.79
34 $11,554.79 $319.48 $0.00 $65.33 $11,939.60
35 $11,939.60 $319.48 $0.00 $67.51 $12,326.59
36 $12,326.59 $319.48 $0.00 $69.70 $12,715.77
37 $12,715.77 $319.48 $0.00 $71.90 $13,107.15
38 $13,107.15 $319.48 $0.00 $74.11 $13,500.74
39 $13,500.74 $319.48 $0.00 $76.34 $13,896.56
40 $13,896.56 $319.48 $0.00 $78.57 $14,294.61
41 $14,294.61 $319.48 $0.00 $80.82 $14,694.91
42 $14,694.91 $319.48 $0.00 $83.09 $15,097.48
43 $15,097.48 $319.48 $0.00 $85.36 $15,502.32
44 $15,502.32 $319.48 $0.00 $87.65 $15,909.45
45 $15,909.45 $319.48 $0.00 $89.95 $16,318.88
46 $16,318.88 $319.48 $0.00 $92.27 $16,730.63
47 $16,730.63 $319.48 $0.00 $94.60 $17,144.71
48 $17,144.71 $319.48 $0.00 $96.94 $17,561.13
49 $17,561.13 $319.48 $0.00 $99.29 $17,979.90
50 $17,979.90 $319.48 $0.00 $101.66 $18,401.04
51 $18,401.04 $319.48 $0.00 $104.04 $18,824.56
52 $18,824.56 $319.48 $0.00 $106.44 $19,250.48
53 $19,250.48 $319.48 $0.00 $108.85 $19,678.81
54 $19,678.81 $319.48 $0.00 $111.27 $20,109.56
55 $20,109.56 $319.48 $0.00 $113.70 $20,542.74
56 $20,542.74 $319.48 $0.00 $116.15 $20,978.37
57 $20,978.37 $319.48 $0.00 $118.61 $21,416.46
58 $21,416.46 $319.48 $0.00 $121.09 $21,857.03
59 $21,857.03 $319.48 $0.00 $123.58 $22,300.09
60 $22,300.09 $319.48 $0.00 $126.09 $22,745.66
61 $22,745.66 $319.48 $0.00 $128.61 $23,193.75
62 $23,193.75 $319.48 $0.00 $131.14 $23,644.37
63 $23,644.37 $319.48 $0.00 $133.69 $24,097.54
64 $24,097.54 $319.48 $0.00 $136.25 $24,553.27
65 $24,553.27 $319.48 $0.00 $138.83 $25,011.58
66 $25,011.58 $319.48 $0.00 $141.42 $25,472.48
67 $25,472.48 $319.48 $0.00 $144.03 $25,935.99
68 $25,935.99 $319.48 $0.00 $146.65 $26,402.12
69 $26,402.12 $319.48 $0.00 $149.28 $26,870.88
70 $26,870.88 $319.48 $0.00 $151.93 $27,342.29
71 $27,342.29 $319.48 $0.00 $154.60 $27,816.37
72 $27,816.37 $319.48 $0.00 $157.28 $28,293.13
73 $28,293.13 $319.48 $0.00 $159.97 $28,772.58
74 $28,772.58 $319.48 $0.00 $162.68 $29,254.74
75 $29,254.74 $319.48 $0.00 $165.41 $29,739.63
76 $29,739.63 $319.48 $0.00 $168.15 $30,227.26
77 $30,227.26 $319.48 $0.00 $170.91 $30,717.65
78 $30,717.65 $319.48 $0.00 $173.68 $31,210.81
79 $31,210.81 $319.48 $0.00 $176.47 $31,706.76
80 $31,706.76 $319.48 $0.00 $179.27 $32,205.51
81 $32,205.51 $319.48 $0.00 $182.09 $32,707.08
82 $32,707.08 $319.48 $0.00 $184.93 $33,211.49
83 $33,211.49 $319.48 $0.00 $187.78 $33,718.75
84 $33,718.75 $319.48 $0.00 $190.65 $34,228.88
85 $34,228.88 $319.48 $0.00 $193.54 $34,741.90
86 $34,741.90 $319.48 $0.00 $196.44 $35,257.82
87 $35,257.82 $319.48 $0.00 $199.35 $35,776.65
88 $35,776.65 $319.48 $0.00 $202.29 $36,298.42
89 $36,298.42 $319.48 $0.00 $205.24 $36,823.14
90 $36,823.14 $319.48 $0.00 $208.20 $37,350.82
91 $37,350.82 $319.48 $0.00 $211.19 $37,881.49
92 $37,881.49 $319.48 $0.00 $214.19 $38,415.16
93 $38,415.16 $319.48 $0.00 $217.20 $38,951.84
94 $38,951.84 $319.48 $0.00 $220.24 $39,491.56
95 $39,491.56 $319.48 $0.00 $223.29 $40,034.33
96 $40,034.33 $319.48 $0.00 $226.36 $40,580.17
97 $40,580.17 $319.48 $0.00 $229.45 $41,129.10
98 $41,129.10 $319.48 $0.00 $232.55 $41,681.13
99 $41,681.13 $319.48 $0.00 $235.67 $42,236.28
100 $42,236.28 $319.48 $0.00 $238.81 $42,794.57
101 $42,794.57 $319.48 $0.00 $241.97 $43,356.02
102 $43,356.02 $319.48 $0.00 $245.14 $43,920.64
103 $43,920.64 $319.48 $0.00 $248.33 $44,488.45
104 $44,488.45 $319.48 $0.00 $251.54 $45,059.47
105 $45,059.47 $319.48 $0.00 $254.77 $45,633.72
106 $45,633.72 $319.48 $0.00 $258.02 $46,211.22
107 $46,211.22 $319.48 $0.00 $261.28 $46,791.98
108 $46,791.98 $319.48 $0.00 $264.57 $47,376.03
109 $47,376.03 $319.48 $0.00 $267.87 $47,963.38
110 $47,963.38 $319.48 $0.00 $271.19 $48,554.05
111 $48,554.05 $319.48 $0.00 $274.53 $49,148.06
112 $49,148.06 $319.48 $0.00 $277.89 $49,745.43
113 $49,745.43 $319.48 $0.00 $281.27 $50,346.18
114 $50,346.18 $319.48 $0.00 $284.66 $50,950.32
115 $50,950.32 $319.48 $0.00 $288.08 $51,557.88
116 $51,557.88 $319.48 $0.00 $291.52 $52,168.88
117 $52,168.88 $319.48 $0.00 $294.97 $52,783.33
118 $52,783.33 $319.48 $0.00 $298.44 $53,401.25
119 $53,401.25 $319.48 $0.00 $301.94 $54,022.67
120 $54,022.67 $319.48 $0.00 $305.45 $54,647.60
121 $54,647.60 $319.48 $0.00 $308.99 $55,276.07
122 $55,276.07 $319.48 $0.00 $312.54 $55,908.09
123 $55,908.09 $319.48 $0.00 $316.11 $56,543.68
124 $56,543.68 $319.48 $0.00 $319.71 $57,182.87
125 $57,182.87 $319.48 $0.00 $323.32 $57,825.67
126 $57,825.67 $319.48 $0.00 $326.95 $58,472.10
127 $58,472.10 $319.48 $0.00 $330.61 $59,122.19
128 $59,122.19 $319.48 $0.00 $334.29 $59,775.96
129 $59,775.96 $319.48 $0.00 $337.98 $60,433.42
130 $60,433.42 $319.48 $0.00 $341.70 $61,094.60
131 $61,094.60 $319.48 $0.00 $345.44 $61,759.52
132 $61,759.52 $319.48 $0.00 $349.20 $62,428.20
133 $62,428.20 $319.48 $0.00 $352.98 $63,100.66
134 $63,100.66 $319.48 $0.00 $356.78 $63,776.92
135 $63,776.92 $319.48 $0.00 $360.60 $64,457.00
136 $64,457.00 $319.48 $0.00 $364.45 $65,140.93
137 $65,140.93 $319.48 $0.00 $368.32 $65,828.73
138 $65,828.73 $319.48 $0.00 $372.21 $66,520.42
139 $66,520.42 $319.48 $0.00 $376.12 $67,216.02
140 $67,216.02 $319.48 $0.00 $380.05 $67,915.55
141 $67,915.55 $319.48 $0.00 $384.00 $68,619.03
142 $68,619.03 $319.48 $0.00 $387.98 $69,326.49
143 $69,326.49 $319.48 $0.00 $391.98 $70,037.95
144 $70,037.95 $319.48 $0.00 $396.00 $70,753.43
145 $70,753.43 $319.48 $0.00 $400.05 $71,472.96
146 $71,472.96 $319.48 $0.00 $404.12 $72,196.56
147 $72,196.56 $319.48 $0.00 $408.21 $72,924.25
148 $72,924.25 $319.48 $0.00 $412.32 $73,656.05
149 $73,656.05 $319.48 $0.00 $416.46 $74,391.99
150 $74,391.99 $319.48 $0.00 $420.62 $75,132.09
151 $75,132.09 $319.48 $0.00 $424.81 $75,876.38
152 $75,876.38 $319.48 $0.00 $429.02 $76,624.88
153 $76,624.88 $319.48 $0.00 $433.25 $77,377.61
154 $77,377.61 $319.48 $0.00 $437.50 $78,134.59
155 $78,134.59 $319.48 $0.00 $441.78 $78,895.85
156 $78,895.85 $319.48 $0.00 $446.09 $79,661.42
157 $79,661.42 $319.48 $0.00 $450.42 $80,431.32
158 $80,431.32 $319.48 $0.00 $454.77 $81,205.57
159 $81,205.57 $319.48 $0.00 $459.15 $81,984.20
160 $81,984.20 $319.48 $0.00 $463.55 $82,767.23
161 $82,767.23 $319.48 $0.00 $467.98 $83,554.69
162 $83,554.69 $319.48 $0.00 $472.43 $84,346.60
163 $84,346.60 $319.48 $0.00 $476.91 $85,142.99
164 $85,142.99 $319.48 $0.00 $481.41 $85,943.88
165 $85,943.88 $319.48 $0.00 $485.94 $86,749.30
166 $86,749.30 $319.48 $0.00 $490.49 $87,559.27
167 $87,559.27 $319.48 $0.00 $495.07 $88,373.82
168 $88,373.82 $319.48 $0.00 $499.68 $89,192.98
169 $89,192.98 $319.48 $0.00 $504.31 $90,016.77
170 $90,016.77 $319.48 $0.00 $508.97 $90,845.22
171 $90,845.22 $319.48 $0.00 $513.65 $91,678.35
172 $91,678.35 $319.48 $0.00 $518.36 $92,516.19
173 $92,516.19 $319.48 $0.00 $523.10 $93,358.77
174 $93,358.77 $319.48 $0.00 $527.86 $94,206.11
175 $94,206.11 $319.48 $0.00 $532.66 $95,058.25
176 $95,058.25 $319.48 $0.00 $537.47 $95,915.20
177 $95,915.20 $319.48 $0.00 $542.32 $96,777.00
178 $96,777.00 $319.48 $0.00 $547.19 $97,643.67
179 $97,643.67 $319.48 $0.00 $552.09 $98,515.24
180 $98,515.24 $319.48 $0.00 $557.02 $99,391.74
181 $99,391.74 $319.48 $0.00 $561.98 $100,273.20
182 $100,273.20 $319.48 $0.00 $566.96 $101,159.64
183 $101,159.64 $319.48 $0.00 $571.97 $102,051.09
184 $102,051.09 $319.48 $0.00 $577.01 $102,947.58
185 $102,947.58 $319.48 $0.00 $582.08 $103,849.14
186 $103,849.14 $319.48 $0.00 $587.18 $104,755.80
187 $104,755.80 $319.48 $0.00 $592.30 $105,667.58
188 $105,667.58 $319.48 $0.00 $597.46 $106,584.52
189 $106,584.52 $319.48 $0.00 $602.64 $107,506.64
190 $107,506.64 $319.48 $0.00 $607.86 $108,433.98
191 $108,433.98 $319.48 $0.00 $613.10 $109,366.56
192 $109,366.56 $319.48 $0.00 $618.37 $110,304.41
193 $110,304.41 $319.48 $0.00 $623.68 $111,247.57
194 $111,247.57 $319.48 $0.00 $629.01 $112,196.06
195 $112,196.06 $319.48 $0.00 $634.37 $113,149.91
196 $113,149.91 $319.48 $0.00 $639.77 $114,109.16
197 $114,109.16 $319.48 $0.00 $645.19 $115,073.83
198 $115,073.83 $319.48 $0.00 $650.64 $116,043.95
199 $116,043.95 $319.48 $0.00 $656.13 $117,019.56
200 $117,019.56 $319.48 $0.00 $661.65 $118,000.69
201 $118,000.69 $319.48 $0.00 $667.19 $118,987.36
202 $118,987.36 $319.48 $0.00 $672.77 $119,979.61
203 $119,979.61 $319.48 $0.00 $678.38 $120,977.47
204 $120,977.47 $319.48 $0.00 $684.02 $121,980.97
205 $121,980.97 $319.48 $0.00 $689.70 $122,990.15
206 $122,990.15 $319.48 $0.00 $695.40 $124,005.03
207 $124,005.03 $319.48 $0.00 $701.14 $125,025.65
208 $125,025.65 $319.48 $0.00 $706.91 $126,052.04
209 $126,052.04 $319.48 $0.00 $712.72 $127,084.24
210 $127,084.24 $319.48 $0.00 $718.55 $128,122.27
211 $128,122.27 $319.48 $0.00 $724.42 $129,166.17
212 $129,166.17 $319.48 $0.00 $730.32 $130,215.97
213 $130,215.97 $319.48 $0.00 $736.26 $131,271.71
214 $131,271.71 $319.48 $0.00 $742.23 $132,333.42
215 $132,333.42 $319.48 $0.00 $748.23 $133,401.13
216 $133,401.13 $319.48 $0.00 $754.27 $134,474.88
217 $134,474.88 $319.48 $36,418.77 $760.34 $99,135.93
218 $99,135.93 $319.48 $0.00 $560.53 $100,015.94
219 $100,015.94 $319.48 $0.00 $565.50 $100,900.92
220 $100,900.92 $319.48 $0.00 $570.51 $101,790.91
221 $101,790.91 $319.48 $0.00 $575.54 $102,685.93
222 $102,685.93 $319.48 $0.00 $580.60 $103,586.01
223 $103,586.01 $319.48 $0.00 $585.69 $104,491.18
224 $104,491.18 $319.48 $0.00 $590.81 $105,401.47
225 $105,401.47 $319.48 $0.00 $595.96 $106,316.91
226 $106,316.91 $319.48 $0.00 $601.13 $107,237.52
227 $107,237.52 $319.48 $0.00 $606.34 $108,163.34
228 $108,163.34 $319.48 $0.00 $611.57 $109,094.39
229 $109,094.39 $319.48 $38,968.08 $616.84 $71,062.63
230 $71,062.63 $319.48 $0.00 $401.80 $71,783.91
231 $71,783.91 $319.48 $0.00 $405.88 $72,509.27
232 $72,509.27 $319.48 $0.00 $409.98 $73,238.73
233 $73,238.73 $319.48 $0.00 $414.10 $73,972.31
234 $73,972.31 $319.48 $0.00 $418.25 $74,710.04
235 $74,710.04 $319.48 $0.00 $422.42 $75,451.94
236 $75,451.94 $319.48 $0.00 $426.62 $76,198.04
237 $76,198.04 $319.48 $0.00 $430.83 $76,948.35
238 $76,948.35 $319.48 $0.00 $435.08 $77,702.91
239 $77,702.91 $319.48 $0.00 $439.34 $78,461.73
240 $78,461.73 $319.48 $0.00 $443.63 $79,224.84
241 $79,224.84 $319.48 $41,695.85 $447.95 $38,296.42
242 $38,296.42 $319.48 $0.00 $216.53 $38,832.43
243 $38,832.43 $319.48 $0.00 $219.56 $39,371.47
244 $39,371.47 $319.48 $0.00 $222.61 $39,913.56
245 $39,913.56 $319.48 $0.00 $225.68 $40,458.72
246 $40,458.72 $319.48 $0.00 $228.76 $41,006.96
247 $41,006.96 $319.48 $0.00 $231.86 $41,558.30
248 $41,558.30 $319.48 $0.00 $234.98 $42,112.76
249 $42,112.76 $319.48 $0.00 $238.11 $42,670.35
250 $42,670.35 $319.48 $0.00 $241.26 $43,231.09
251 $43,231.09 $319.48 $0.00 $244.43 $43,795.00
252 $43,795.00 $319.48 $0.00 $247.62 $44,362.10
253 $44,362.10 $0.00 $44,614.56 $250.83 -$1.63