Savings Plan and Future Cost Estimation for Doane University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$136,221
Monthly savings required$1,078

How much will it cost to send your child to Doane University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $544,884.75 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,078.30 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$52,530.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,078.30 $0.00 $0.00 $1,078.30
2 $1,078.30 $1,078.30 $0.00 $6.10 $2,162.70
3 $2,162.70 $1,078.30 $0.00 $12.23 $3,253.23
4 $3,253.23 $1,078.30 $0.00 $18.39 $4,349.92
5 $4,349.92 $1,078.30 $0.00 $24.60 $5,452.82
6 $5,452.82 $1,078.30 $0.00 $30.83 $6,561.95
7 $6,561.95 $1,078.30 $0.00 $37.10 $7,677.35
8 $7,677.35 $1,078.30 $0.00 $43.41 $8,799.06
9 $8,799.06 $1,078.30 $0.00 $49.75 $9,927.11
10 $9,927.11 $1,078.30 $0.00 $56.13 $11,061.54
11 $11,061.54 $1,078.30 $0.00 $62.54 $12,202.38
12 $12,202.38 $1,078.30 $0.00 $68.99 $13,349.67
13 $13,349.67 $1,078.30 $0.00 $75.48 $14,503.45
14 $14,503.45 $1,078.30 $0.00 $82.00 $15,663.75
15 $15,663.75 $1,078.30 $0.00 $88.57 $16,830.62
16 $16,830.62 $1,078.30 $0.00 $95.16 $18,004.08
17 $18,004.08 $1,078.30 $0.00 $101.80 $19,184.18
18 $19,184.18 $1,078.30 $0.00 $108.47 $20,370.95
19 $20,370.95 $1,078.30 $0.00 $115.18 $21,564.43
20 $21,564.43 $1,078.30 $0.00 $121.93 $22,764.66
21 $22,764.66 $1,078.30 $0.00 $128.71 $23,971.67
22 $23,971.67 $1,078.30 $0.00 $135.54 $25,185.51
23 $25,185.51 $1,078.30 $0.00 $142.40 $26,406.21
24 $26,406.21 $1,078.30 $0.00 $149.30 $27,633.81
25 $27,633.81 $1,078.30 $0.00 $156.25 $28,868.36
26 $28,868.36 $1,078.30 $0.00 $163.23 $30,109.89
27 $30,109.89 $1,078.30 $0.00 $170.25 $31,358.44
28 $31,358.44 $1,078.30 $0.00 $177.31 $32,614.05
29 $32,614.05 $1,078.30 $0.00 $184.40 $33,876.75
30 $33,876.75 $1,078.30 $0.00 $191.54 $35,146.59
31 $35,146.59 $1,078.30 $0.00 $198.72 $36,423.61
32 $36,423.61 $1,078.30 $0.00 $205.94 $37,707.85
33 $37,707.85 $1,078.30 $0.00 $213.21 $38,999.36
34 $38,999.36 $1,078.30 $0.00 $220.51 $40,298.17
35 $40,298.17 $1,078.30 $0.00 $227.85 $41,604.32
36 $41,604.32 $1,078.30 $0.00 $235.24 $42,917.86
37 $42,917.86 $1,078.30 $0.00 $242.66 $44,238.82
38 $44,238.82 $1,078.30 $0.00 $250.13 $45,567.25
39 $45,567.25 $1,078.30 $0.00 $257.64 $46,903.19
40 $46,903.19 $1,078.30 $0.00 $265.20 $48,246.69
41 $48,246.69 $1,078.30 $0.00 $272.79 $49,597.78
42 $49,597.78 $1,078.30 $0.00 $280.43 $50,956.51
43 $50,956.51 $1,078.30 $0.00 $288.12 $52,322.93
44 $52,322.93 $1,078.30 $0.00 $295.84 $53,697.07
45 $53,697.07 $1,078.30 $0.00 $303.61 $55,078.98
46 $55,078.98 $1,078.30 $0.00 $311.42 $56,468.70
47 $56,468.70 $1,078.30 $0.00 $319.28 $57,866.28
48 $57,866.28 $1,078.30 $0.00 $327.18 $59,271.76
49 $59,271.76 $1,078.30 $0.00 $335.13 $60,685.19
50 $60,685.19 $1,078.30 $0.00 $343.12 $62,106.61
51 $62,106.61 $1,078.30 $0.00 $351.16 $63,536.07
52 $63,536.07 $1,078.30 $0.00 $359.24 $64,973.61
53 $64,973.61 $1,078.30 $0.00 $367.37 $66,419.28
54 $66,419.28 $1,078.30 $0.00 $375.54 $67,873.12
55 $67,873.12 $1,078.30 $0.00 $383.76 $69,335.18
56 $69,335.18 $1,078.30 $0.00 $392.03 $70,805.51
57 $70,805.51 $1,078.30 $0.00 $400.34 $72,284.15
58 $72,284.15 $1,078.30 $0.00 $408.71 $73,771.16
59 $73,771.16 $1,078.30 $0.00 $417.11 $75,266.57
60 $75,266.57 $1,078.30 $0.00 $425.57 $76,770.44
61 $76,770.44 $1,078.30 $0.00 $434.07 $78,282.81
62 $78,282.81 $1,078.30 $0.00 $442.62 $79,803.73
63 $79,803.73 $1,078.30 $0.00 $451.22 $81,333.25
64 $81,333.25 $1,078.30 $0.00 $459.87 $82,871.42
65 $82,871.42 $1,078.30 $0.00 $468.57 $84,418.29
66 $84,418.29 $1,078.30 $0.00 $477.31 $85,973.90
67 $85,973.90 $1,078.30 $0.00 $486.11 $87,538.31
68 $87,538.31 $1,078.30 $0.00 $494.95 $89,111.56
69 $89,111.56 $1,078.30 $0.00 $503.85 $90,693.71
70 $90,693.71 $1,078.30 $0.00 $512.80 $92,284.81
71 $92,284.81 $1,078.30 $0.00 $521.79 $93,884.90
72 $93,884.90 $1,078.30 $0.00 $530.84 $95,494.04
73 $95,494.04 $1,078.30 $0.00 $539.94 $97,112.28
74 $97,112.28 $1,078.30 $0.00 $549.09 $98,739.67
75 $98,739.67 $1,078.30 $0.00 $558.29 $100,376.26
76 $100,376.26 $1,078.30 $0.00 $567.54 $102,022.10
77 $102,022.10 $1,078.30 $0.00 $576.85 $103,677.25
78 $103,677.25 $1,078.30 $0.00 $586.21 $105,341.76
79 $105,341.76 $1,078.30 $0.00 $595.62 $107,015.68
80 $107,015.68 $1,078.30 $0.00 $605.08 $108,699.06
81 $108,699.06 $1,078.30 $0.00 $614.60 $110,391.96
82 $110,391.96 $1,078.30 $0.00 $624.17 $112,094.43
83 $112,094.43 $1,078.30 $0.00 $633.80 $113,806.53
84 $113,806.53 $1,078.30 $0.00 $643.48 $115,528.31
85 $115,528.31 $1,078.30 $0.00 $653.21 $117,259.82
86 $117,259.82 $1,078.30 $0.00 $663.00 $119,001.12
87 $119,001.12 $1,078.30 $0.00 $672.85 $120,752.27
88 $120,752.27 $1,078.30 $0.00 $682.75 $122,513.32
89 $122,513.32 $1,078.30 $0.00 $692.71 $124,284.33
90 $124,284.33 $1,078.30 $0.00 $702.72 $126,065.35
91 $126,065.35 $1,078.30 $0.00 $712.79 $127,856.44
92 $127,856.44 $1,078.30 $0.00 $722.92 $129,657.66
93 $129,657.66 $1,078.30 $0.00 $733.10 $131,469.06
94 $131,469.06 $1,078.30 $0.00 $743.35 $133,290.71
95 $133,290.71 $1,078.30 $0.00 $753.65 $135,122.66
96 $135,122.66 $1,078.30 $0.00 $764.00 $136,964.96
97 $136,964.96 $1,078.30 $0.00 $774.42 $138,817.68
98 $138,817.68 $1,078.30 $0.00 $784.90 $140,680.88
99 $140,680.88 $1,078.30 $0.00 $795.43 $142,554.61
100 $142,554.61 $1,078.30 $0.00 $806.02 $144,438.93
101 $144,438.93 $1,078.30 $0.00 $816.68 $146,333.91
102 $146,333.91 $1,078.30 $0.00 $827.39 $148,239.60
103 $148,239.60 $1,078.30 $0.00 $838.17 $150,156.07
104 $150,156.07 $1,078.30 $0.00 $849.00 $152,083.37
105 $152,083.37 $1,078.30 $0.00 $859.90 $154,021.57
106 $154,021.57 $1,078.30 $0.00 $870.86 $155,970.73
107 $155,970.73 $1,078.30 $0.00 $881.88 $157,930.91
108 $157,930.91 $1,078.30 $0.00 $892.96 $159,902.17
109 $159,902.17 $1,078.30 $0.00 $904.11 $161,884.58
110 $161,884.58 $1,078.30 $0.00 $915.32 $163,878.20
111 $163,878.20 $1,078.30 $0.00 $926.59 $165,883.09
112 $165,883.09 $1,078.30 $0.00 $937.93 $167,899.32
113 $167,899.32 $1,078.30 $0.00 $949.33 $169,926.95
114 $169,926.95 $1,078.30 $0.00 $960.79 $171,966.04
115 $171,966.04 $1,078.30 $0.00 $972.32 $174,016.66
116 $174,016.66 $1,078.30 $0.00 $983.92 $176,078.88
117 $176,078.88 $1,078.30 $0.00 $995.58 $178,152.76
118 $178,152.76 $1,078.30 $0.00 $1,007.30 $180,238.36
119 $180,238.36 $1,078.30 $0.00 $1,019.09 $182,335.75
120 $182,335.75 $1,078.30 $0.00 $1,030.95 $184,445.00
121 $184,445.00 $1,078.30 $0.00 $1,042.88 $186,566.18
122 $186,566.18 $1,078.30 $0.00 $1,054.87 $188,699.35
123 $188,699.35 $1,078.30 $0.00 $1,066.93 $190,844.58
124 $190,844.58 $1,078.30 $0.00 $1,079.06 $193,001.94
125 $193,001.94 $1,078.30 $0.00 $1,091.26 $195,171.50
126 $195,171.50 $1,078.30 $0.00 $1,103.53 $197,353.33
127 $197,353.33 $1,078.30 $0.00 $1,115.86 $199,547.49
128 $199,547.49 $1,078.30 $0.00 $1,128.27 $201,754.06
129 $201,754.06 $1,078.30 $0.00 $1,140.75 $203,973.11
130 $203,973.11 $1,078.30 $0.00 $1,153.29 $206,204.70
131 $206,204.70 $1,078.30 $0.00 $1,165.91 $208,448.91
132 $208,448.91 $1,078.30 $0.00 $1,178.60 $210,705.81
133 $210,705.81 $1,078.30 $0.00 $1,191.36 $212,975.47
134 $212,975.47 $1,078.30 $0.00 $1,204.19 $215,257.96
135 $215,257.96 $1,078.30 $0.00 $1,217.10 $217,553.36
136 $217,553.36 $1,078.30 $0.00 $1,230.08 $219,861.74
137 $219,861.74 $1,078.30 $0.00 $1,243.13 $222,183.17
138 $222,183.17 $1,078.30 $0.00 $1,256.26 $224,517.73
139 $224,517.73 $1,078.30 $0.00 $1,269.46 $226,865.49
140 $226,865.49 $1,078.30 $0.00 $1,282.73 $229,226.52
141 $229,226.52 $1,078.30 $0.00 $1,296.08 $231,600.90
142 $231,600.90 $1,078.30 $0.00 $1,309.51 $233,988.71
143 $233,988.71 $1,078.30 $0.00 $1,323.01 $236,390.02
144 $236,390.02 $1,078.30 $0.00 $1,336.58 $238,804.90
145 $238,804.90 $1,078.30 $0.00 $1,350.24 $241,233.44
146 $241,233.44 $1,078.30 $0.00 $1,363.97 $243,675.71
147 $243,675.71 $1,078.30 $0.00 $1,377.78 $246,131.79
148 $246,131.79 $1,078.30 $0.00 $1,391.66 $248,601.75
149 $248,601.75 $1,078.30 $0.00 $1,405.63 $251,085.68
150 $251,085.68 $1,078.30 $0.00 $1,419.67 $253,583.65
151 $253,583.65 $1,078.30 $0.00 $1,433.80 $256,095.75
152 $256,095.75 $1,078.30 $0.00 $1,448.00 $258,622.05
153 $258,622.05 $1,078.30 $0.00 $1,462.29 $261,162.64
154 $261,162.64 $1,078.30 $0.00 $1,476.65 $263,717.59
155 $263,717.59 $1,078.30 $0.00 $1,491.10 $266,286.99
156 $266,286.99 $1,078.30 $0.00 $1,505.63 $268,870.92
157 $268,870.92 $1,078.30 $0.00 $1,520.24 $271,469.46
158 $271,469.46 $1,078.30 $0.00 $1,534.93 $274,082.69
159 $274,082.69 $1,078.30 $0.00 $1,549.70 $276,710.69
160 $276,710.69 $1,078.30 $0.00 $1,564.56 $279,353.55
161 $279,353.55 $1,078.30 $0.00 $1,579.51 $282,011.36
162 $282,011.36 $1,078.30 $0.00 $1,594.53 $284,684.19
163 $284,684.19 $1,078.30 $0.00 $1,609.65 $287,372.14
164 $287,372.14 $1,078.30 $0.00 $1,624.84 $290,075.28
165 $290,075.28 $1,078.30 $0.00 $1,640.13 $292,793.71
166 $292,793.71 $1,078.30 $0.00 $1,655.50 $295,527.51
167 $295,527.51 $1,078.30 $0.00 $1,670.96 $298,276.77
168 $298,276.77 $1,078.30 $0.00 $1,686.50 $301,041.57
169 $301,041.57 $1,078.30 $0.00 $1,702.13 $303,822.00
170 $303,822.00 $1,078.30 $0.00 $1,717.85 $306,618.15
171 $306,618.15 $1,078.30 $0.00 $1,733.66 $309,430.11
172 $309,430.11 $1,078.30 $0.00 $1,749.56 $312,257.97
173 $312,257.97 $1,078.30 $0.00 $1,765.55 $315,101.82
174 $315,101.82 $1,078.30 $0.00 $1,781.63 $317,961.75
175 $317,961.75 $1,078.30 $0.00 $1,797.80 $320,837.85
176 $320,837.85 $1,078.30 $0.00 $1,814.06 $323,730.21
177 $323,730.21 $1,078.30 $0.00 $1,830.42 $326,638.93
178 $326,638.93 $1,078.30 $0.00 $1,846.86 $329,564.09
179 $329,564.09 $1,078.30 $0.00 $1,863.40 $332,505.79
180 $332,505.79 $1,078.30 $0.00 $1,880.04 $335,464.13
181 $335,464.13 $1,078.30 $0.00 $1,896.76 $338,439.19
182 $338,439.19 $1,078.30 $0.00 $1,913.58 $341,431.07
183 $341,431.07 $1,078.30 $0.00 $1,930.50 $344,439.87
184 $344,439.87 $1,078.30 $0.00 $1,947.51 $347,465.68
185 $347,465.68 $1,078.30 $0.00 $1,964.62 $350,508.60
186 $350,508.60 $1,078.30 $0.00 $1,981.83 $353,568.73
187 $353,568.73 $1,078.30 $0.00 $1,999.13 $356,646.16
188 $356,646.16 $1,078.30 $0.00 $2,016.53 $359,740.99
189 $359,740.99 $1,078.30 $0.00 $2,034.03 $362,853.32
190 $362,853.32 $1,078.30 $0.00 $2,051.63 $365,983.25
191 $365,983.25 $1,078.30 $0.00 $2,069.32 $369,130.87
192 $369,130.87 $1,078.30 $0.00 $2,087.12 $372,296.29
193 $372,296.29 $1,078.30 $0.00 $2,105.02 $375,479.61
194 $375,479.61 $1,078.30 $0.00 $2,123.02 $378,680.93
195 $378,680.93 $1,078.30 $0.00 $2,141.12 $381,900.35
196 $381,900.35 $1,078.30 $0.00 $2,159.32 $385,137.97
197 $385,137.97 $1,078.30 $0.00 $2,177.63 $388,393.90
198 $388,393.90 $1,078.30 $0.00 $2,196.04 $391,668.24
199 $391,668.24 $1,078.30 $0.00 $2,214.55 $394,961.09
200 $394,961.09 $1,078.30 $0.00 $2,233.17 $398,272.56
201 $398,272.56 $1,078.30 $0.00 $2,251.89 $401,602.75
202 $401,602.75 $1,078.30 $0.00 $2,270.72 $404,951.77
203 $404,951.77 $1,078.30 $0.00 $2,289.66 $408,319.73
204 $408,319.73 $1,078.30 $0.00 $2,308.70 $411,706.73
205 $411,706.73 $1,078.30 $0.00 $2,327.85 $415,112.88
206 $415,112.88 $1,078.30 $0.00 $2,347.11 $418,538.29
207 $418,538.29 $1,078.30 $0.00 $2,366.48 $421,983.07
208 $421,983.07 $1,078.30 $0.00 $2,385.95 $425,447.32
209 $425,447.32 $1,078.30 $0.00 $2,405.54 $428,931.16
210 $428,931.16 $1,078.30 $0.00 $2,425.24 $432,434.70
211 $432,434.70 $1,078.30 $0.00 $2,445.05 $435,958.05
212 $435,958.05 $1,078.30 $0.00 $2,464.97 $439,501.32
213 $439,501.32 $1,078.30 $0.00 $2,485.00 $443,064.62
214 $443,064.62 $1,078.30 $0.00 $2,505.15 $446,648.07
215 $446,648.07 $1,078.30 $0.00 $2,525.41 $450,251.78
216 $450,251.78 $1,078.30 $0.00 $2,545.79 $453,875.87
217 $453,875.87 $1,078.30 $126,419.71 $2,566.28 $331,100.74
218 $331,100.74 $1,078.30 $0.00 $1,872.09 $334,051.13
219 $334,051.13 $1,078.30 $0.00 $1,888.77 $337,018.20
220 $337,018.20 $1,078.30 $0.00 $1,905.55 $340,002.05
221 $340,002.05 $1,078.30 $0.00 $1,922.42 $343,002.77
222 $343,002.77 $1,078.30 $0.00 $1,939.39 $346,020.46
223 $346,020.46 $1,078.30 $0.00 $1,956.45 $349,055.21
224 $349,055.21 $1,078.30 $0.00 $1,973.61 $352,107.12
225 $352,107.12 $1,078.30 $0.00 $1,990.86 $355,176.28
226 $355,176.28 $1,078.30 $0.00 $2,008.22 $358,262.80
227 $358,262.80 $1,078.30 $0.00 $2,025.67 $361,366.77
228 $361,366.77 $1,078.30 $0.00 $2,043.22 $364,488.29
229 $364,488.29 $1,078.30 $132,740.69 $2,060.87 $234,886.77
230 $234,886.77 $1,078.30 $0.00 $1,328.08 $237,293.15
231 $237,293.15 $1,078.30 $0.00 $1,341.69 $239,713.14
232 $239,713.14 $1,078.30 $0.00 $1,355.37 $242,146.81
233 $242,146.81 $1,078.30 $0.00 $1,369.13 $244,594.24
234 $244,594.24 $1,078.30 $0.00 $1,382.97 $247,055.51
235 $247,055.51 $1,078.30 $0.00 $1,396.89 $249,530.70
236 $249,530.70 $1,078.30 $0.00 $1,410.88 $252,019.88
237 $252,019.88 $1,078.30 $0.00 $1,424.96 $254,523.14
238 $254,523.14 $1,078.30 $0.00 $1,439.11 $257,040.55
239 $257,040.55 $1,078.30 $0.00 $1,453.34 $259,572.19
240 $259,572.19 $1,078.30 $0.00 $1,467.66 $262,118.15
241 $262,118.15 $1,078.30 $139,377.73 $1,482.05 $125,300.77
242 $125,300.77 $1,078.30 $0.00 $708.47 $127,087.54
243 $127,087.54 $1,078.30 $0.00 $718.57 $128,884.41
244 $128,884.41 $1,078.30 $0.00 $728.73 $130,691.44
245 $130,691.44 $1,078.30 $0.00 $738.95 $132,508.69
246 $132,508.69 $1,078.30 $0.00 $749.22 $134,336.21
247 $134,336.21 $1,078.30 $0.00 $759.56 $136,174.07
248 $136,174.07 $1,078.30 $0.00 $769.95 $138,022.32
249 $138,022.32 $1,078.30 $0.00 $780.40 $139,881.02
250 $139,881.02 $1,078.30 $0.00 $790.91 $141,750.23
251 $141,750.23 $1,078.30 $0.00 $801.48 $143,630.01
252 $143,630.01 $1,078.30 $0.00 $812.10 $145,520.41
253 $145,520.41 $0.00 $146,346.61 $822.79 ($3.41)