Savings Plan and Future Cost Estimation for Park University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$65,735
Monthly savings required$520

How much will it cost to send your child to Park University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $262,940.86 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $520.35 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$25,349.00
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 $520.35 $0.00 $0.00 $520.35
2 $520.35 $520.35 $0.00 $2.94 $1,043.64
3 $1,043.64 $520.35 $0.00 $5.90 $1,569.89
4 $1,569.89 $520.35 $0.00 $8.88 $2,099.12
5 $2,099.12 $520.35 $0.00 $11.87 $2,631.34
6 $2,631.34 $520.35 $0.00 $14.88 $3,166.57
7 $3,166.57 $520.35 $0.00 $17.90 $3,704.82
8 $3,704.82 $520.35 $0.00 $20.95 $4,246.12
9 $4,246.12 $520.35 $0.00 $24.01 $4,790.48
10 $4,790.48 $520.35 $0.00 $27.09 $5,337.92
11 $5,337.92 $520.35 $0.00 $30.18 $5,888.45
12 $5,888.45 $520.35 $0.00 $33.29 $6,442.09
13 $6,442.09 $520.35 $0.00 $36.42 $6,998.86
14 $6,998.86 $520.35 $0.00 $39.57 $7,558.78
15 $7,558.78 $520.35 $0.00 $42.74 $8,121.87
16 $8,121.87 $520.35 $0.00 $45.92 $8,688.14
17 $8,688.14 $520.35 $0.00 $49.12 $9,257.61
18 $9,257.61 $520.35 $0.00 $52.34 $9,830.30
19 $9,830.30 $520.35 $0.00 $55.58 $10,406.23
20 $10,406.23 $520.35 $0.00 $58.84 $10,985.42
21 $10,985.42 $520.35 $0.00 $62.11 $11,567.88
22 $11,567.88 $520.35 $0.00 $65.41 $12,153.64
23 $12,153.64 $520.35 $0.00 $68.72 $12,742.71
24 $12,742.71 $520.35 $0.00 $72.05 $13,335.11
25 $13,335.11 $520.35 $0.00 $75.40 $13,930.86
26 $13,930.86 $520.35 $0.00 $78.77 $14,529.98
27 $14,529.98 $520.35 $0.00 $82.15 $15,132.48
28 $15,132.48 $520.35 $0.00 $85.56 $15,738.39
29 $15,738.39 $520.35 $0.00 $88.99 $16,347.73
30 $16,347.73 $520.35 $0.00 $92.43 $16,960.51
31 $16,960.51 $520.35 $0.00 $95.90 $17,576.76
32 $17,576.76 $520.35 $0.00 $99.38 $18,196.49
33 $18,196.49 $520.35 $0.00 $102.89 $18,819.73
34 $18,819.73 $520.35 $0.00 $106.41 $19,446.49
35 $19,446.49 $520.35 $0.00 $109.95 $20,076.79
36 $20,076.79 $520.35 $0.00 $113.52 $20,710.66
37 $20,710.66 $520.35 $0.00 $117.10 $21,348.11
38 $21,348.11 $520.35 $0.00 $120.71 $21,989.17
39 $21,989.17 $520.35 $0.00 $124.33 $22,633.85
40 $22,633.85 $520.35 $0.00 $127.98 $23,282.18
41 $23,282.18 $520.35 $0.00 $131.64 $23,934.17
42 $23,934.17 $520.35 $0.00 $135.33 $24,589.85
43 $24,589.85 $520.35 $0.00 $139.03 $25,249.23
44 $25,249.23 $520.35 $0.00 $142.76 $25,912.34
45 $25,912.34 $520.35 $0.00 $146.51 $26,579.20
46 $26,579.20 $520.35 $0.00 $150.28 $27,249.83
47 $27,249.83 $520.35 $0.00 $154.07 $27,924.25
48 $27,924.25 $520.35 $0.00 $157.89 $28,602.49
49 $28,602.49 $520.35 $0.00 $161.72 $29,284.56
50 $29,284.56 $520.35 $0.00 $165.58 $29,970.49
51 $29,970.49 $520.35 $0.00 $169.46 $30,660.30
52 $30,660.30 $520.35 $0.00 $173.36 $31,354.01
53 $31,354.01 $520.35 $0.00 $177.28 $32,051.64
54 $32,051.64 $520.35 $0.00 $181.22 $32,753.21
55 $32,753.21 $520.35 $0.00 $185.19 $33,458.75
56 $33,458.75 $520.35 $0.00 $189.18 $34,168.28
57 $34,168.28 $520.35 $0.00 $193.19 $34,881.82
58 $34,881.82 $520.35 $0.00 $197.23 $35,599.40
59 $35,599.40 $520.35 $0.00 $201.28 $36,321.03
60 $36,321.03 $520.35 $0.00 $205.36 $37,046.74
61 $37,046.74 $520.35 $0.00 $209.47 $37,776.56
62 $37,776.56 $520.35 $0.00 $213.59 $38,510.50
63 $38,510.50 $520.35 $0.00 $217.74 $39,248.59
64 $39,248.59 $520.35 $0.00 $221.92 $39,990.86
65 $39,990.86 $520.35 $0.00 $226.11 $40,737.32
66 $40,737.32 $520.35 $0.00 $230.33 $41,488.00
67 $41,488.00 $520.35 $0.00 $234.58 $42,242.93
68 $42,242.93 $520.35 $0.00 $238.85 $43,002.13
69 $43,002.13 $520.35 $0.00 $243.14 $43,765.62
70 $43,765.62 $520.35 $0.00 $247.46 $44,533.43
71 $44,533.43 $520.35 $0.00 $251.80 $45,305.58
72 $45,305.58 $520.35 $0.00 $256.16 $46,082.09
73 $46,082.09 $520.35 $0.00 $260.55 $46,862.99
74 $46,862.99 $520.35 $0.00 $264.97 $47,648.31
75 $47,648.31 $520.35 $0.00 $269.41 $48,438.07
76 $48,438.07 $520.35 $0.00 $273.88 $49,232.30
77 $49,232.30 $520.35 $0.00 $278.37 $50,031.02
78 $50,031.02 $520.35 $0.00 $282.88 $50,834.25
79 $50,834.25 $520.35 $0.00 $287.42 $51,642.02
80 $51,642.02 $520.35 $0.00 $291.99 $52,454.36
81 $52,454.36 $520.35 $0.00 $296.58 $53,271.29
82 $53,271.29 $520.35 $0.00 $301.20 $54,092.84
83 $54,092.84 $520.35 $0.00 $305.85 $54,919.04
84 $54,919.04 $520.35 $0.00 $310.52 $55,749.91
85 $55,749.91 $520.35 $0.00 $315.22 $56,585.48
86 $56,585.48 $520.35 $0.00 $319.94 $57,425.77
87 $57,425.77 $520.35 $0.00 $324.69 $58,270.81
88 $58,270.81 $520.35 $0.00 $329.47 $59,120.63
89 $59,120.63 $520.35 $0.00 $334.28 $59,975.26
90 $59,975.26 $520.35 $0.00 $339.11 $60,834.72
91 $60,834.72 $520.35 $0.00 $343.97 $61,699.04
92 $61,699.04 $520.35 $0.00 $348.86 $62,568.25
93 $62,568.25 $520.35 $0.00 $353.77 $63,442.37
94 $63,442.37 $520.35 $0.00 $358.71 $64,321.43
95 $64,321.43 $520.35 $0.00 $363.68 $65,205.46
96 $65,205.46 $520.35 $0.00 $368.68 $66,094.49
97 $66,094.49 $520.35 $0.00 $373.71 $66,988.55
98 $66,988.55 $520.35 $0.00 $378.76 $67,887.66
99 $67,887.66 $520.35 $0.00 $383.85 $68,791.86
100 $68,791.86 $520.35 $0.00 $388.96 $69,701.17
101 $69,701.17 $520.35 $0.00 $394.10 $70,615.62
102 $70,615.62 $520.35 $0.00 $399.27 $71,535.24
103 $71,535.24 $520.35 $0.00 $404.47 $72,460.06
104 $72,460.06 $520.35 $0.00 $409.70 $73,390.11
105 $73,390.11 $520.35 $0.00 $414.96 $74,325.42
106 $74,325.42 $520.35 $0.00 $420.25 $75,266.02
107 $75,266.02 $520.35 $0.00 $425.57 $76,211.94
108 $76,211.94 $520.35 $0.00 $430.91 $77,163.20
109 $77,163.20 $520.35 $0.00 $436.29 $78,119.84
110 $78,119.84 $520.35 $0.00 $441.70 $79,081.89
111 $79,081.89 $520.35 $0.00 $447.14 $80,049.38
112 $80,049.38 $520.35 $0.00 $452.61 $81,022.34
113 $81,022.34 $520.35 $0.00 $458.11 $82,000.80
114 $82,000.80 $520.35 $0.00 $463.64 $82,984.79
115 $82,984.79 $520.35 $0.00 $469.21 $83,974.35
116 $83,974.35 $520.35 $0.00 $474.80 $84,969.50
117 $84,969.50 $520.35 $0.00 $480.43 $85,970.28
118 $85,970.28 $520.35 $0.00 $486.09 $86,976.72
119 $86,976.72 $520.35 $0.00 $491.78 $87,988.85
120 $87,988.85 $520.35 $0.00 $497.50 $89,006.70
121 $89,006.70 $520.35 $0.00 $503.26 $90,030.31
122 $90,030.31 $520.35 $0.00 $509.04 $91,059.70
123 $91,059.70 $520.35 $0.00 $514.86 $92,094.91
124 $92,094.91 $520.35 $0.00 $520.72 $93,135.98
125 $93,135.98 $520.35 $0.00 $526.60 $94,182.93
126 $94,182.93 $520.35 $0.00 $532.52 $95,235.80
127 $95,235.80 $520.35 $0.00 $538.48 $96,294.63
128 $96,294.63 $520.35 $0.00 $544.46 $97,359.44
129 $97,359.44 $520.35 $0.00 $550.48 $98,430.27
130 $98,430.27 $520.35 $0.00 $556.54 $99,507.16
131 $99,507.16 $520.35 $0.00 $562.63 $100,590.14
132 $100,590.14 $520.35 $0.00 $568.75 $101,679.24
133 $101,679.24 $520.35 $0.00 $574.91 $102,774.50
134 $102,774.50 $520.35 $0.00 $581.10 $103,875.95
135 $103,875.95 $520.35 $0.00 $587.33 $104,983.63
136 $104,983.63 $520.35 $0.00 $593.59 $106,097.57
137 $106,097.57 $520.35 $0.00 $599.89 $107,217.81
138 $107,217.81 $520.35 $0.00 $606.23 $108,344.39
139 $108,344.39 $520.35 $0.00 $612.59 $109,477.33
140 $109,477.33 $520.35 $0.00 $619.00 $110,616.68
141 $110,616.68 $520.35 $0.00 $625.44 $111,762.47
142 $111,762.47 $520.35 $0.00 $631.92 $112,914.74
143 $112,914.74 $520.35 $0.00 $638.44 $114,073.53
144 $114,073.53 $520.35 $0.00 $644.99 $115,238.87
145 $115,238.87 $520.35 $0.00 $651.58 $116,410.80
146 $116,410.80 $520.35 $0.00 $658.20 $117,589.35
147 $117,589.35 $520.35 $0.00 $664.87 $118,774.57
148 $118,774.57 $520.35 $0.00 $671.57 $119,966.49
149 $119,966.49 $520.35 $0.00 $678.31 $121,165.15
150 $121,165.15 $520.35 $0.00 $685.09 $122,370.59
151 $122,370.59 $520.35 $0.00 $691.90 $123,582.84
152 $123,582.84 $520.35 $0.00 $698.76 $124,801.95
153 $124,801.95 $520.35 $0.00 $705.65 $126,027.95
154 $126,027.95 $520.35 $0.00 $712.58 $127,260.88
155 $127,260.88 $520.35 $0.00 $719.55 $128,500.78
156 $128,500.78 $520.35 $0.00 $726.56 $129,747.69
157 $129,747.69 $520.35 $0.00 $733.61 $131,001.65
158 $131,001.65 $520.35 $0.00 $740.70 $132,262.70
159 $132,262.70 $520.35 $0.00 $747.83 $133,530.88
160 $133,530.88 $520.35 $0.00 $755.00 $134,806.23
161 $134,806.23 $520.35 $0.00 $762.21 $136,088.79
162 $136,088.79 $520.35 $0.00 $769.47 $137,378.61
163 $137,378.61 $520.35 $0.00 $776.76 $138,675.72
164 $138,675.72 $520.35 $0.00 $784.09 $139,980.16
165 $139,980.16 $520.35 $0.00 $791.47 $141,291.98
166 $141,291.98 $520.35 $0.00 $798.89 $142,611.22
167 $142,611.22 $520.35 $0.00 $806.34 $143,937.91
168 $143,937.91 $520.35 $0.00 $813.85 $145,272.11
169 $145,272.11 $520.35 $0.00 $821.39 $146,613.85
170 $146,613.85 $520.35 $0.00 $828.98 $147,963.18
171 $147,963.18 $520.35 $0.00 $836.61 $149,320.14
172 $149,320.14 $520.35 $0.00 $844.28 $150,684.77
173 $150,684.77 $520.35 $0.00 $851.99 $152,057.11
174 $152,057.11 $520.35 $0.00 $859.75 $153,437.21
175 $153,437.21 $520.35 $0.00 $867.56 $154,825.12
176 $154,825.12 $520.35 $0.00 $875.40 $156,220.87
177 $156,220.87 $520.35 $0.00 $883.30 $157,624.52
178 $157,624.52 $520.35 $0.00 $891.23 $159,036.10
179 $159,036.10 $520.35 $0.00 $899.21 $160,455.66
180 $160,455.66 $520.35 $0.00 $907.24 $161,883.25
181 $161,883.25 $520.35 $0.00 $915.31 $163,318.91
182 $163,318.91 $520.35 $0.00 $923.43 $164,762.69
183 $164,762.69 $520.35 $0.00 $931.59 $166,214.63
184 $166,214.63 $520.35 $0.00 $939.80 $167,674.78
185 $167,674.78 $520.35 $0.00 $948.06 $169,143.19
186 $169,143.19 $520.35 $0.00 $956.36 $170,619.90
187 $170,619.90 $520.35 $0.00 $964.71 $172,104.96
188 $172,104.96 $520.35 $0.00 $973.11 $173,598.42
189 $173,598.42 $520.35 $0.00 $981.55 $175,100.32
190 $175,100.32 $520.35 $0.00 $990.04 $176,610.71
191 $176,610.71 $520.35 $0.00 $998.58 $178,129.64
192 $178,129.64 $520.35 $0.00 $1,007.17 $179,657.16
193 $179,657.16 $520.35 $0.00 $1,015.81 $181,193.32
194 $181,193.32 $520.35 $0.00 $1,024.49 $182,738.16
195 $182,738.16 $520.35 $0.00 $1,033.23 $184,291.74
196 $184,291.74 $520.35 $0.00 $1,042.01 $185,854.10
197 $185,854.10 $520.35 $0.00 $1,050.85 $187,425.30
198 $187,425.30 $520.35 $0.00 $1,059.73 $189,005.38
199 $189,005.38 $520.35 $0.00 $1,068.66 $190,594.39
200 $190,594.39 $520.35 $0.00 $1,077.65 $192,192.39
201 $192,192.39 $520.35 $0.00 $1,086.68 $193,799.42
202 $193,799.42 $520.35 $0.00 $1,095.77 $195,415.54
203 $195,415.54 $520.35 $0.00 $1,104.91 $197,040.80
204 $197,040.80 $520.35 $0.00 $1,114.10 $198,675.25
205 $198,675.25 $520.35 $0.00 $1,123.34 $200,318.94
206 $200,318.94 $520.35 $0.00 $1,132.63 $201,971.92
207 $201,971.92 $520.35 $0.00 $1,141.98 $203,634.25
208 $203,634.25 $520.35 $0.00 $1,151.38 $205,305.98
209 $205,305.98 $520.35 $0.00 $1,160.83 $206,987.16
210 $206,987.16 $520.35 $0.00 $1,170.34 $208,677.85
211 $208,677.85 $520.35 $0.00 $1,179.89 $210,378.09
212 $210,378.09 $520.35 $0.00 $1,189.51 $212,087.95
213 $212,087.95 $520.35 $0.00 $1,199.18 $213,807.48
214 $213,807.48 $520.35 $0.00 $1,208.90 $215,536.73
215 $215,536.73 $520.35 $0.00 $1,218.68 $217,275.76
216 $217,275.76 $520.35 $0.00 $1,228.51 $219,024.62
217 $219,024.62 $520.35 $61,005.39 $1,238.40 $159,777.98
218 $159,777.98 $520.35 $0.00 $903.41 $161,201.74
219 $161,201.74 $520.35 $0.00 $911.46 $162,633.55
220 $162,633.55 $520.35 $0.00 $919.55 $164,073.45
221 $164,073.45 $520.35 $0.00 $927.70 $165,521.50
222 $165,521.50 $520.35 $0.00 $935.88 $166,977.73
223 $166,977.73 $520.35 $0.00 $944.12 $168,442.20
224 $168,442.20 $520.35 $0.00 $952.40 $169,914.95
225 $169,914.95 $520.35 $0.00 $960.72 $171,396.02
226 $171,396.02 $520.35 $0.00 $969.10 $172,885.47
227 $172,885.47 $520.35 $0.00 $977.52 $174,383.34
228 $174,383.34 $520.35 $0.00 $985.99 $175,889.68
229 $175,889.68 $520.35 $64,055.66 $994.51 $113,348.88
230 $113,348.88 $520.35 $0.00 $640.89 $114,510.12
231 $114,510.12 $520.35 $0.00 $647.46 $115,677.93
232 $115,677.93 $520.35 $0.00 $654.06 $116,852.34
233 $116,852.34 $520.35 $0.00 $660.70 $118,033.39
234 $118,033.39 $520.35 $0.00 $667.38 $119,221.12
235 $119,221.12 $520.35 $0.00 $674.09 $120,415.56
236 $120,415.56 $520.35 $0.00 $680.85 $121,616.76
237 $121,616.76 $520.35 $0.00 $687.64 $122,824.75
238 $122,824.75 $520.35 $0.00 $694.47 $124,039.57
239 $124,039.57 $520.35 $0.00 $701.34 $125,261.26
240 $125,261.26 $520.35 $0.00 $708.25 $126,489.86
241 $126,489.86 $520.35 $67,258.44 $715.19 $60,466.96
242 $60,466.96 $520.35 $0.00 $341.89 $61,329.20
243 $61,329.20 $520.35 $0.00 $346.76 $62,196.31
244 $62,196.31 $520.35 $0.00 $351.67 $63,068.33
245 $63,068.33 $520.35 $0.00 $356.60 $63,945.28
246 $63,945.28 $520.35 $0.00 $361.56 $64,827.19
247 $64,827.19 $520.35 $0.00 $366.54 $65,714.08
248 $65,714.08 $520.35 $0.00 $371.56 $66,605.99
249 $66,605.99 $520.35 $0.00 $376.60 $67,502.94
250 $67,502.94 $520.35 $0.00 $381.67 $68,404.96
251 $68,404.96 $520.35 $0.00 $386.77 $69,312.08
252 $69,312.08 $520.35 $0.00 $391.90 $70,224.33
253 $70,224.33 $0.00 $70,621.37 $397.06 $0.02