Savings Plan and Future Cost Estimation for Evangel University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$101,560
Monthly savings required$804

How much will it cost to send your child to Evangel University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $406,241.50 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $803.94 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$39,164.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Evangel University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $803.94 $0.00 $0.00 $803.94
2 $803.94 $803.94 $0.00 $4.55 $1,612.43
3 $1,612.43 $803.94 $0.00 $9.12 $2,425.49
4 $2,425.49 $803.94 $0.00 $13.71 $3,243.14
5 $3,243.14 $803.94 $0.00 $18.34 $4,065.42
6 $4,065.42 $803.94 $0.00 $22.99 $4,892.35
7 $4,892.35 $803.94 $0.00 $27.66 $5,723.95
8 $5,723.95 $803.94 $0.00 $32.36 $6,560.25
9 $6,560.25 $803.94 $0.00 $37.09 $7,401.28
10 $7,401.28 $803.94 $0.00 $41.85 $8,247.07
11 $8,247.07 $803.94 $0.00 $46.63 $9,097.64
12 $9,097.64 $803.94 $0.00 $51.44 $9,953.02
13 $9,953.02 $803.94 $0.00 $56.28 $10,813.24
14 $10,813.24 $803.94 $0.00 $61.14 $11,678.32
15 $11,678.32 $803.94 $0.00 $66.03 $12,548.29
16 $12,548.29 $803.94 $0.00 $70.95 $13,423.18
17 $13,423.18 $803.94 $0.00 $75.90 $14,303.02
18 $14,303.02 $803.94 $0.00 $80.87 $15,187.83
19 $15,187.83 $803.94 $0.00 $85.87 $16,077.64
20 $16,077.64 $803.94 $0.00 $90.91 $16,972.49
21 $16,972.49 $803.94 $0.00 $95.96 $17,872.39
22 $17,872.39 $803.94 $0.00 $101.05 $18,777.38
23 $18,777.38 $803.94 $0.00 $106.17 $19,687.49
24 $19,687.49 $803.94 $0.00 $111.32 $20,602.75
25 $20,602.75 $803.94 $0.00 $116.49 $21,523.18
26 $21,523.18 $803.94 $0.00 $121.70 $22,448.82
27 $22,448.82 $803.94 $0.00 $126.93 $23,379.69
28 $23,379.69 $803.94 $0.00 $132.19 $24,315.82
29 $24,315.82 $803.94 $0.00 $137.49 $25,257.25
30 $25,257.25 $803.94 $0.00 $142.81 $26,204.00
31 $26,204.00 $803.94 $0.00 $148.16 $27,156.10
32 $27,156.10 $803.94 $0.00 $153.54 $28,113.58
33 $28,113.58 $803.94 $0.00 $158.96 $29,076.48
34 $29,076.48 $803.94 $0.00 $164.40 $30,044.82
35 $30,044.82 $803.94 $0.00 $169.88 $31,018.64
36 $31,018.64 $803.94 $0.00 $175.38 $31,997.96
37 $31,997.96 $803.94 $0.00 $180.92 $32,982.82
38 $32,982.82 $803.94 $0.00 $186.49 $33,973.25
39 $33,973.25 $803.94 $0.00 $192.09 $34,969.28
40 $34,969.28 $803.94 $0.00 $197.72 $35,970.94
41 $35,970.94 $803.94 $0.00 $203.38 $36,978.26
42 $36,978.26 $803.94 $0.00 $209.08 $37,991.28
43 $37,991.28 $803.94 $0.00 $214.81 $39,010.03
44 $39,010.03 $803.94 $0.00 $220.57 $40,034.54
45 $40,034.54 $803.94 $0.00 $226.36 $41,064.84
46 $41,064.84 $803.94 $0.00 $232.19 $42,100.97
47 $42,100.97 $803.94 $0.00 $238.05 $43,142.96
48 $43,142.96 $803.94 $0.00 $243.94 $44,190.84
49 $44,190.84 $803.94 $0.00 $249.86 $45,244.64
50 $45,244.64 $803.94 $0.00 $255.82 $46,304.40
51 $46,304.40 $803.94 $0.00 $261.81 $47,370.15
52 $47,370.15 $803.94 $0.00 $267.84 $48,441.93
53 $48,441.93 $803.94 $0.00 $273.90 $49,519.77
54 $49,519.77 $803.94 $0.00 $279.99 $50,603.70
55 $50,603.70 $803.94 $0.00 $286.12 $51,693.76
56 $51,693.76 $803.94 $0.00 $292.28 $52,789.98
57 $52,789.98 $803.94 $0.00 $298.48 $53,892.40
58 $53,892.40 $803.94 $0.00 $304.72 $55,001.06
59 $55,001.06 $803.94 $0.00 $310.98 $56,115.98
60 $56,115.98 $803.94 $0.00 $317.29 $57,237.21
61 $57,237.21 $803.94 $0.00 $323.63 $58,364.78
62 $58,364.78 $803.94 $0.00 $330.00 $59,498.72
63 $59,498.72 $803.94 $0.00 $336.41 $60,639.07
64 $60,639.07 $803.94 $0.00 $342.86 $61,785.87
65 $61,785.87 $803.94 $0.00 $349.35 $62,939.16
66 $62,939.16 $803.94 $0.00 $355.87 $64,098.97
67 $64,098.97 $803.94 $0.00 $362.42 $65,265.33
68 $65,265.33 $803.94 $0.00 $369.02 $66,438.29
69 $66,438.29 $803.94 $0.00 $375.65 $67,617.88
70 $67,617.88 $803.94 $0.00 $382.32 $68,804.14
71 $68,804.14 $803.94 $0.00 $389.03 $69,997.11
72 $69,997.11 $803.94 $0.00 $395.77 $71,196.82
73 $71,196.82 $803.94 $0.00 $402.56 $72,403.32
74 $72,403.32 $803.94 $0.00 $409.38 $73,616.64
75 $73,616.64 $803.94 $0.00 $416.24 $74,836.82
76 $74,836.82 $803.94 $0.00 $423.14 $76,063.90
77 $76,063.90 $803.94 $0.00 $430.08 $77,297.92
78 $77,297.92 $803.94 $0.00 $437.05 $78,538.91
79 $78,538.91 $803.94 $0.00 $444.07 $79,786.92
80 $79,786.92 $803.94 $0.00 $451.13 $81,041.99
81 $81,041.99 $803.94 $0.00 $458.22 $82,304.15
82 $82,304.15 $803.94 $0.00 $465.36 $83,573.45
83 $83,573.45 $803.94 $0.00 $472.54 $84,849.93
84 $84,849.93 $803.94 $0.00 $479.75 $86,133.62
85 $86,133.62 $803.94 $0.00 $487.01 $87,424.57
86 $87,424.57 $803.94 $0.00 $494.31 $88,722.82
87 $88,722.82 $803.94 $0.00 $501.65 $90,028.41
88 $90,028.41 $803.94 $0.00 $509.03 $91,341.38
89 $91,341.38 $803.94 $0.00 $516.46 $92,661.78
90 $92,661.78 $803.94 $0.00 $523.92 $93,989.64
91 $93,989.64 $803.94 $0.00 $531.43 $95,325.01
92 $95,325.01 $803.94 $0.00 $538.98 $96,667.93
93 $96,667.93 $803.94 $0.00 $546.57 $98,018.44
94 $98,018.44 $803.94 $0.00 $554.21 $99,376.59
95 $99,376.59 $803.94 $0.00 $561.89 $100,742.42
96 $100,742.42 $803.94 $0.00 $569.61 $102,115.97
97 $102,115.97 $803.94 $0.00 $577.38 $103,497.29
98 $103,497.29 $803.94 $0.00 $585.19 $104,886.42
99 $104,886.42 $803.94 $0.00 $593.04 $106,283.40
100 $106,283.40 $803.94 $0.00 $600.94 $107,688.28
101 $107,688.28 $803.94 $0.00 $608.89 $109,101.11
102 $109,101.11 $803.94 $0.00 $616.87 $110,521.92
103 $110,521.92 $803.94 $0.00 $624.91 $111,950.77
104 $111,950.77 $803.94 $0.00 $632.99 $113,387.70
105 $113,387.70 $803.94 $0.00 $641.11 $114,832.75
106 $114,832.75 $803.94 $0.00 $649.28 $116,285.97
107 $116,285.97 $803.94 $0.00 $657.50 $117,747.41
108 $117,747.41 $803.94 $0.00 $665.76 $119,217.11
109 $119,217.11 $803.94 $0.00 $674.07 $120,695.12
110 $120,695.12 $803.94 $0.00 $682.43 $122,181.49
111 $122,181.49 $803.94 $0.00 $690.83 $123,676.26
112 $123,676.26 $803.94 $0.00 $699.28 $125,179.48
113 $125,179.48 $803.94 $0.00 $707.78 $126,691.20
114 $126,691.20 $803.94 $0.00 $716.33 $128,211.47
115 $128,211.47 $803.94 $0.00 $724.93 $129,740.34
116 $129,740.34 $803.94 $0.00 $733.57 $131,277.85
117 $131,277.85 $803.94 $0.00 $742.26 $132,824.05
118 $132,824.05 $803.94 $0.00 $751.01 $134,379.00
119 $134,379.00 $803.94 $0.00 $759.80 $135,942.74
120 $135,942.74 $803.94 $0.00 $768.64 $137,515.32
121 $137,515.32 $803.94 $0.00 $777.53 $139,096.79
122 $139,096.79 $803.94 $0.00 $786.47 $140,687.20
123 $140,687.20 $803.94 $0.00 $795.47 $142,286.61
124 $142,286.61 $803.94 $0.00 $804.51 $143,895.06
125 $143,895.06 $803.94 $0.00 $813.60 $145,512.60
126 $145,512.60 $803.94 $0.00 $822.75 $147,139.29
127 $147,139.29 $803.94 $0.00 $831.95 $148,775.18
128 $148,775.18 $803.94 $0.00 $841.20 $150,420.32
129 $150,420.32 $803.94 $0.00 $850.50 $152,074.76
130 $152,074.76 $803.94 $0.00 $859.85 $153,738.55
131 $153,738.55 $803.94 $0.00 $869.26 $155,411.75
132 $155,411.75 $803.94 $0.00 $878.72 $157,094.41
133 $157,094.41 $803.94 $0.00 $888.23 $158,786.58
134 $158,786.58 $803.94 $0.00 $897.80 $160,488.32
135 $160,488.32 $803.94 $0.00 $907.42 $162,199.68
136 $162,199.68 $803.94 $0.00 $917.10 $163,920.72
137 $163,920.72 $803.94 $0.00 $926.83 $165,651.49
138 $165,651.49 $803.94 $0.00 $936.62 $167,392.05
139 $167,392.05 $803.94 $0.00 $946.46 $169,142.45
140 $169,142.45 $803.94 $0.00 $956.36 $170,902.75
141 $170,902.75 $803.94 $0.00 $966.31 $172,673.00
142 $172,673.00 $803.94 $0.00 $976.32 $174,453.26
143 $174,453.26 $803.94 $0.00 $986.38 $176,243.58
144 $176,243.58 $803.94 $0.00 $996.51 $178,044.03
145 $178,044.03 $803.94 $0.00 $1,006.69 $179,854.66
146 $179,854.66 $803.94 $0.00 $1,016.92 $181,675.52
147 $181,675.52 $803.94 $0.00 $1,027.22 $183,506.68
148 $183,506.68 $803.94 $0.00 $1,037.57 $185,348.19
149 $185,348.19 $803.94 $0.00 $1,047.99 $187,200.12
150 $187,200.12 $803.94 $0.00 $1,058.46 $189,062.52
151 $189,062.52 $803.94 $0.00 $1,068.99 $190,935.45
152 $190,935.45 $803.94 $0.00 $1,079.58 $192,818.97
153 $192,818.97 $803.94 $0.00 $1,090.23 $194,713.14
154 $194,713.14 $803.94 $0.00 $1,100.94 $196,618.02
155 $196,618.02 $803.94 $0.00 $1,111.71 $198,533.67
156 $198,533.67 $803.94 $0.00 $1,122.54 $200,460.15
157 $200,460.15 $803.94 $0.00 $1,133.43 $202,397.52
158 $202,397.52 $803.94 $0.00 $1,144.39 $204,345.85
159 $204,345.85 $803.94 $0.00 $1,155.40 $206,305.19
160 $206,305.19 $803.94 $0.00 $1,166.48 $208,275.61
161 $208,275.61 $803.94 $0.00 $1,177.62 $210,257.17
162 $210,257.17 $803.94 $0.00 $1,188.82 $212,249.93
163 $212,249.93 $803.94 $0.00 $1,200.09 $214,253.96
164 $214,253.96 $803.94 $0.00 $1,211.42 $216,269.32
165 $216,269.32 $803.94 $0.00 $1,222.82 $218,296.08
166 $218,296.08 $803.94 $0.00 $1,234.28 $220,334.30
167 $220,334.30 $803.94 $0.00 $1,245.80 $222,384.04
168 $222,384.04 $803.94 $0.00 $1,257.39 $224,445.37
169 $224,445.37 $803.94 $0.00 $1,269.05 $226,518.36
170 $226,518.36 $803.94 $0.00 $1,280.77 $228,603.07
171 $228,603.07 $803.94 $0.00 $1,292.55 $230,699.56
172 $230,699.56 $803.94 $0.00 $1,304.41 $232,807.91
173 $232,807.91 $803.94 $0.00 $1,316.33 $234,928.18
174 $234,928.18 $803.94 $0.00 $1,328.32 $237,060.44
175 $237,060.44 $803.94 $0.00 $1,340.37 $239,204.75
176 $239,204.75 $803.94 $0.00 $1,352.50 $241,361.19
177 $241,361.19 $803.94 $0.00 $1,364.69 $243,529.82
178 $243,529.82 $803.94 $0.00 $1,376.95 $245,710.71
179 $245,710.71 $803.94 $0.00 $1,389.28 $247,903.93
180 $247,903.93 $803.94 $0.00 $1,401.68 $250,109.55
181 $250,109.55 $803.94 $0.00 $1,414.16 $252,327.65
182 $252,327.65 $803.94 $0.00 $1,426.70 $254,558.29
183 $254,558.29 $803.94 $0.00 $1,439.31 $256,801.54
184 $256,801.54 $803.94 $0.00 $1,451.99 $259,057.47
185 $259,057.47 $803.94 $0.00 $1,464.75 $261,326.16
186 $261,326.16 $803.94 $0.00 $1,477.58 $263,607.68
187 $263,607.68 $803.94 $0.00 $1,490.48 $265,902.10
188 $265,902.10 $803.94 $0.00 $1,503.45 $268,209.49
189 $268,209.49 $803.94 $0.00 $1,516.50 $270,529.93
190 $270,529.93 $803.94 $0.00 $1,529.62 $272,863.49
191 $272,863.49 $803.94 $0.00 $1,542.81 $275,210.24
192 $275,210.24 $803.94 $0.00 $1,556.08 $277,570.26
193 $277,570.26 $803.94 $0.00 $1,569.42 $279,943.62
194 $279,943.62 $803.94 $0.00 $1,582.84 $282,330.40
195 $282,330.40 $803.94 $0.00 $1,596.34 $284,730.68
196 $284,730.68 $803.94 $0.00 $1,609.91 $287,144.53
197 $287,144.53 $803.94 $0.00 $1,623.56 $289,572.03
198 $289,572.03 $803.94 $0.00 $1,637.28 $292,013.25
199 $292,013.25 $803.94 $0.00 $1,651.09 $294,468.28
200 $294,468.28 $803.94 $0.00 $1,664.97 $296,937.19
201 $296,937.19 $803.94 $0.00 $1,678.93 $299,420.06
202 $299,420.06 $803.94 $0.00 $1,692.96 $301,916.96
203 $301,916.96 $803.94 $0.00 $1,707.08 $304,427.98
204 $304,427.98 $803.94 $0.00 $1,721.28 $306,953.20
205 $306,953.20 $803.94 $0.00 $1,735.56 $309,492.70
206 $309,492.70 $803.94 $0.00 $1,749.92 $312,046.56
207 $312,046.56 $803.94 $0.00 $1,764.36 $314,614.86
208 $314,614.86 $803.94 $0.00 $1,778.88 $317,197.68
209 $317,197.68 $803.94 $0.00 $1,793.48 $319,795.10
210 $319,795.10 $803.94 $0.00 $1,808.17 $322,407.21
211 $322,407.21 $803.94 $0.00 $1,822.94 $325,034.09
212 $325,034.09 $803.94 $0.00 $1,837.79 $327,675.82
213 $327,675.82 $803.94 $0.00 $1,852.73 $330,332.49
214 $330,332.49 $803.94 $0.00 $1,867.75 $333,004.18
215 $333,004.18 $803.94 $0.00 $1,882.85 $335,690.97
216 $335,690.97 $803.94 $0.00 $1,898.05 $338,392.96
217 $338,392.96 $803.94 $94,252.84 $1,913.32 $246,857.38
218 $246,857.38 $803.94 $0.00 $1,395.77 $249,057.09
219 $249,057.09 $803.94 $0.00 $1,408.20 $251,269.23
220 $251,269.23 $803.94 $0.00 $1,420.71 $253,493.88
221 $253,493.88 $803.94 $0.00 $1,433.29 $255,731.11
222 $255,731.11 $803.94 $0.00 $1,445.94 $257,980.99
223 $257,980.99 $803.94 $0.00 $1,458.66 $260,243.59
224 $260,243.59 $803.94 $0.00 $1,471.46 $262,518.99
225 $262,518.99 $803.94 $0.00 $1,484.32 $264,807.25
226 $264,807.25 $803.94 $0.00 $1,497.26 $267,108.45
227 $267,108.45 $803.94 $0.00 $1,510.27 $269,422.66
228 $269,422.66 $803.94 $0.00 $1,523.35 $271,749.95
229 $271,749.95 $803.94 $98,965.48 $1,536.51 $175,124.92
230 $175,124.92 $803.94 $0.00 $990.18 $176,919.04
231 $176,919.04 $803.94 $0.00 $1,000.33 $178,723.31
232 $178,723.31 $803.94 $0.00 $1,010.53 $180,537.78
233 $180,537.78 $803.94 $0.00 $1,020.79 $182,362.51
234 $182,362.51 $803.94 $0.00 $1,031.10 $184,197.55
235 $184,197.55 $803.94 $0.00 $1,041.48 $186,042.97
236 $186,042.97 $803.94 $0.00 $1,051.91 $187,898.82
237 $187,898.82 $803.94 $0.00 $1,062.41 $189,765.17
238 $189,765.17 $803.94 $0.00 $1,072.96 $191,642.07
239 $191,642.07 $803.94 $0.00 $1,083.57 $193,529.58
240 $193,529.58 $803.94 $0.00 $1,094.24 $195,427.76
241 $195,427.76 $803.94 $103,913.75 $1,104.98 $93,422.93
242 $93,422.93 $803.94 $0.00 $528.23 $94,755.10
243 $94,755.10 $803.94 $0.00 $535.76 $96,094.80
244 $96,094.80 $803.94 $0.00 $543.33 $97,442.07
245 $97,442.07 $803.94 $0.00 $550.95 $98,796.96
246 $98,796.96 $803.94 $0.00 $558.61 $100,159.51
247 $100,159.51 $803.94 $0.00 $566.32 $101,529.77
248 $101,529.77 $803.94 $0.00 $574.06 $102,907.77
249 $102,907.77 $803.94 $0.00 $581.86 $104,293.57
250 $104,293.57 $803.94 $0.00 $589.69 $105,687.20
251 $105,687.20 $803.94 $0.00 $597.57 $107,088.71
252 $107,088.71 $803.94 $0.00 $605.50 $108,498.15
253 $108,498.15 $0.00 $109,109.44 $613.46 $2.17