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 2039$130,879
Monthly savings required$1,036

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 $523,516.72 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,036.02 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$50,470.00
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 $1,036.02 $0.00 $0.00 $1,036.02
2 $1,036.02 $1,036.02 $0.00 $5.86 $2,077.90
3 $2,077.90 $1,036.02 $0.00 $11.75 $3,125.67
4 $3,125.67 $1,036.02 $0.00 $17.67 $4,179.36
5 $4,179.36 $1,036.02 $0.00 $23.63 $5,239.01
6 $5,239.01 $1,036.02 $0.00 $29.62 $6,304.65
7 $6,304.65 $1,036.02 $0.00 $35.65 $7,376.32
8 $7,376.32 $1,036.02 $0.00 $41.71 $8,454.05
9 $8,454.05 $1,036.02 $0.00 $47.80 $9,537.87
10 $9,537.87 $1,036.02 $0.00 $53.93 $10,627.82
11 $10,627.82 $1,036.02 $0.00 $60.09 $11,723.93
12 $11,723.93 $1,036.02 $0.00 $66.29 $12,826.24
13 $12,826.24 $1,036.02 $0.00 $72.52 $13,934.78
14 $13,934.78 $1,036.02 $0.00 $78.79 $15,049.59
15 $15,049.59 $1,036.02 $0.00 $85.09 $16,170.70
16 $16,170.70 $1,036.02 $0.00 $91.43 $17,298.15
17 $17,298.15 $1,036.02 $0.00 $97.81 $18,431.98
18 $18,431.98 $1,036.02 $0.00 $104.22 $19,572.22
19 $19,572.22 $1,036.02 $0.00 $110.66 $20,718.90
20 $20,718.90 $1,036.02 $0.00 $117.15 $21,872.07
21 $21,872.07 $1,036.02 $0.00 $123.67 $23,031.76
22 $23,031.76 $1,036.02 $0.00 $130.22 $24,198.00
23 $24,198.00 $1,036.02 $0.00 $136.82 $25,370.84
24 $25,370.84 $1,036.02 $0.00 $143.45 $26,550.31
25 $26,550.31 $1,036.02 $0.00 $150.12 $27,736.45
26 $27,736.45 $1,036.02 $0.00 $156.83 $28,929.30
27 $28,929.30 $1,036.02 $0.00 $163.57 $30,128.89
28 $30,128.89 $1,036.02 $0.00 $170.35 $31,335.26
29 $31,335.26 $1,036.02 $0.00 $177.17 $32,548.45
30 $32,548.45 $1,036.02 $0.00 $184.03 $33,768.50
31 $33,768.50 $1,036.02 $0.00 $190.93 $34,995.45
32 $34,995.45 $1,036.02 $0.00 $197.87 $36,229.34
33 $36,229.34 $1,036.02 $0.00 $204.85 $37,470.21
34 $37,470.21 $1,036.02 $0.00 $211.86 $38,718.09
35 $38,718.09 $1,036.02 $0.00 $218.92 $39,973.03
36 $39,973.03 $1,036.02 $0.00 $226.01 $41,235.06
37 $41,235.06 $1,036.02 $0.00 $233.15 $42,504.23
38 $42,504.23 $1,036.02 $0.00 $240.33 $43,780.58
39 $43,780.58 $1,036.02 $0.00 $247.54 $45,064.14
40 $45,064.14 $1,036.02 $0.00 $254.80 $46,354.96
41 $46,354.96 $1,036.02 $0.00 $262.10 $47,653.08
42 $47,653.08 $1,036.02 $0.00 $269.44 $48,958.54
43 $48,958.54 $1,036.02 $0.00 $276.82 $50,271.38
44 $50,271.38 $1,036.02 $0.00 $284.24 $51,591.64
45 $51,591.64 $1,036.02 $0.00 $291.71 $52,919.37
46 $52,919.37 $1,036.02 $0.00 $299.21 $54,254.60
47 $54,254.60 $1,036.02 $0.00 $306.76 $55,597.38
48 $55,597.38 $1,036.02 $0.00 $314.36 $56,947.76
49 $56,947.76 $1,036.02 $0.00 $321.99 $58,305.77
50 $58,305.77 $1,036.02 $0.00 $329.67 $59,671.46
51 $59,671.46 $1,036.02 $0.00 $337.39 $61,044.87
52 $61,044.87 $1,036.02 $0.00 $345.16 $62,426.05
53 $62,426.05 $1,036.02 $0.00 $352.97 $63,815.04
54 $63,815.04 $1,036.02 $0.00 $360.82 $65,211.88
55 $65,211.88 $1,036.02 $0.00 $368.72 $66,616.62
56 $66,616.62 $1,036.02 $0.00 $376.66 $68,029.30
57 $68,029.30 $1,036.02 $0.00 $384.65 $69,449.97
58 $69,449.97 $1,036.02 $0.00 $392.68 $70,878.67
59 $70,878.67 $1,036.02 $0.00 $400.76 $72,315.45
60 $72,315.45 $1,036.02 $0.00 $408.88 $73,760.35
61 $73,760.35 $1,036.02 $0.00 $417.05 $75,213.42
62 $75,213.42 $1,036.02 $0.00 $425.27 $76,674.71
63 $76,674.71 $1,036.02 $0.00 $433.53 $78,144.26
64 $78,144.26 $1,036.02 $0.00 $441.84 $79,622.12
65 $79,622.12 $1,036.02 $0.00 $450.20 $81,108.34
66 $81,108.34 $1,036.02 $0.00 $458.60 $82,602.96
67 $82,602.96 $1,036.02 $0.00 $467.05 $84,106.03
68 $84,106.03 $1,036.02 $0.00 $475.55 $85,617.60
69 $85,617.60 $1,036.02 $0.00 $484.09 $87,137.71
70 $87,137.71 $1,036.02 $0.00 $492.69 $88,666.42
71 $88,666.42 $1,036.02 $0.00 $501.33 $90,203.77
72 $90,203.77 $1,036.02 $0.00 $510.03 $91,749.82
73 $91,749.82 $1,036.02 $0.00 $518.77 $93,304.61
74 $93,304.61 $1,036.02 $0.00 $527.56 $94,868.19
75 $94,868.19 $1,036.02 $0.00 $536.40 $96,440.61
76 $96,440.61 $1,036.02 $0.00 $545.29 $98,021.92
77 $98,021.92 $1,036.02 $0.00 $554.23 $99,612.17
78 $99,612.17 $1,036.02 $0.00 $563.22 $101,211.41
79 $101,211.41 $1,036.02 $0.00 $572.26 $102,819.69
80 $102,819.69 $1,036.02 $0.00 $581.36 $104,437.07
81 $104,437.07 $1,036.02 $0.00 $590.50 $106,063.59
82 $106,063.59 $1,036.02 $0.00 $599.70 $107,699.31
83 $107,699.31 $1,036.02 $0.00 $608.95 $109,344.28
84 $109,344.28 $1,036.02 $0.00 $618.25 $110,998.55
85 $110,998.55 $1,036.02 $0.00 $627.60 $112,662.17
86 $112,662.17 $1,036.02 $0.00 $637.01 $114,335.20
87 $114,335.20 $1,036.02 $0.00 $646.47 $116,017.69
88 $116,017.69 $1,036.02 $0.00 $655.98 $117,709.69
89 $117,709.69 $1,036.02 $0.00 $665.55 $119,411.26
90 $119,411.26 $1,036.02 $0.00 $675.17 $121,122.45
91 $121,122.45 $1,036.02 $0.00 $684.84 $122,843.31
92 $122,843.31 $1,036.02 $0.00 $694.57 $124,573.90
93 $124,573.90 $1,036.02 $0.00 $704.36 $126,314.28
94 $126,314.28 $1,036.02 $0.00 $714.20 $128,064.50
95 $128,064.50 $1,036.02 $0.00 $724.10 $129,824.62
96 $129,824.62 $1,036.02 $0.00 $734.05 $131,594.69
97 $131,594.69 $1,036.02 $0.00 $744.06 $133,374.77
98 $133,374.77 $1,036.02 $0.00 $754.12 $135,164.91
99 $135,164.91 $1,036.02 $0.00 $764.24 $136,965.17
100 $136,965.17 $1,036.02 $0.00 $774.42 $138,775.61
101 $138,775.61 $1,036.02 $0.00 $784.66 $140,596.29
102 $140,596.29 $1,036.02 $0.00 $794.95 $142,427.26
103 $142,427.26 $1,036.02 $0.00 $805.30 $144,268.58
104 $144,268.58 $1,036.02 $0.00 $815.72 $146,120.32
105 $146,120.32 $1,036.02 $0.00 $826.19 $147,982.53
106 $147,982.53 $1,036.02 $0.00 $836.71 $149,855.26
107 $149,855.26 $1,036.02 $0.00 $847.30 $151,738.58
108 $151,738.58 $1,036.02 $0.00 $857.95 $153,632.55
109 $153,632.55 $1,036.02 $0.00 $868.66 $155,537.23
110 $155,537.23 $1,036.02 $0.00 $879.43 $157,452.68
111 $157,452.68 $1,036.02 $0.00 $890.26 $159,378.96
112 $159,378.96 $1,036.02 $0.00 $901.15 $161,316.13
113 $161,316.13 $1,036.02 $0.00 $912.10 $163,264.25
114 $163,264.25 $1,036.02 $0.00 $923.12 $165,223.39
115 $165,223.39 $1,036.02 $0.00 $934.20 $167,193.61
116 $167,193.61 $1,036.02 $0.00 $945.34 $169,174.97
117 $169,174.97 $1,036.02 $0.00 $956.54 $171,167.53
118 $171,167.53 $1,036.02 $0.00 $967.81 $173,171.36
119 $173,171.36 $1,036.02 $0.00 $979.14 $175,186.52
120 $175,186.52 $1,036.02 $0.00 $990.53 $177,213.07
121 $177,213.07 $1,036.02 $0.00 $1,001.99 $179,251.08
122 $179,251.08 $1,036.02 $0.00 $1,013.51 $181,300.61
123 $181,300.61 $1,036.02 $0.00 $1,025.10 $183,361.73
124 $183,361.73 $1,036.02 $0.00 $1,036.75 $185,434.50
125 $185,434.50 $1,036.02 $0.00 $1,048.47 $187,518.99
126 $187,518.99 $1,036.02 $0.00 $1,060.26 $189,615.27
127 $189,615.27 $1,036.02 $0.00 $1,072.11 $191,723.40
128 $191,723.40 $1,036.02 $0.00 $1,084.03 $193,843.45
129 $193,843.45 $1,036.02 $0.00 $1,096.02 $195,975.49
130 $195,975.49 $1,036.02 $0.00 $1,108.07 $198,119.58
131 $198,119.58 $1,036.02 $0.00 $1,120.20 $200,275.80
132 $200,275.80 $1,036.02 $0.00 $1,132.39 $202,444.21
133 $202,444.21 $1,036.02 $0.00 $1,144.65 $204,624.88
134 $204,624.88 $1,036.02 $0.00 $1,156.98 $206,817.88
135 $206,817.88 $1,036.02 $0.00 $1,169.38 $209,023.28
136 $209,023.28 $1,036.02 $0.00 $1,181.85 $211,241.15
137 $211,241.15 $1,036.02 $0.00 $1,194.39 $213,471.56
138 $213,471.56 $1,036.02 $0.00 $1,207.00 $215,714.58
139 $215,714.58 $1,036.02 $0.00 $1,219.68 $217,970.28
140 $217,970.28 $1,036.02 $0.00 $1,232.44 $220,238.74
141 $220,238.74 $1,036.02 $0.00 $1,245.26 $222,520.02
142 $222,520.02 $1,036.02 $0.00 $1,258.16 $224,814.20
143 $224,814.20 $1,036.02 $0.00 $1,271.13 $227,121.35
144 $227,121.35 $1,036.02 $0.00 $1,284.18 $229,441.55
145 $229,441.55 $1,036.02 $0.00 $1,297.30 $231,774.87
146 $231,774.87 $1,036.02 $0.00 $1,310.49 $234,121.38
147 $234,121.38 $1,036.02 $0.00 $1,323.76 $236,481.16
148 $236,481.16 $1,036.02 $0.00 $1,337.10 $238,854.28
149 $238,854.28 $1,036.02 $0.00 $1,350.52 $241,240.82
150 $241,240.82 $1,036.02 $0.00 $1,364.01 $243,640.85
151 $243,640.85 $1,036.02 $0.00 $1,377.58 $246,054.45
152 $246,054.45 $1,036.02 $0.00 $1,391.23 $248,481.70
153 $248,481.70 $1,036.02 $0.00 $1,404.95 $250,922.67
154 $250,922.67 $1,036.02 $0.00 $1,418.75 $253,377.44
155 $253,377.44 $1,036.02 $0.00 $1,432.63 $255,846.09
156 $255,846.09 $1,036.02 $0.00 $1,446.59 $258,328.70
157 $258,328.70 $1,036.02 $0.00 $1,460.63 $260,825.35
158 $260,825.35 $1,036.02 $0.00 $1,474.74 $263,336.11
159 $263,336.11 $1,036.02 $0.00 $1,488.94 $265,861.07
160 $265,861.07 $1,036.02 $0.00 $1,503.22 $268,400.31
161 $268,400.31 $1,036.02 $0.00 $1,517.57 $270,953.90
162 $270,953.90 $1,036.02 $0.00 $1,532.01 $273,521.93
163 $273,521.93 $1,036.02 $0.00 $1,546.53 $276,104.48
164 $276,104.48 $1,036.02 $0.00 $1,561.13 $278,701.63
165 $278,701.63 $1,036.02 $0.00 $1,575.82 $281,313.47
166 $281,313.47 $1,036.02 $0.00 $1,590.59 $283,940.08
167 $283,940.08 $1,036.02 $0.00 $1,605.44 $286,581.54
168 $286,581.54 $1,036.02 $0.00 $1,620.37 $289,237.93
169 $289,237.93 $1,036.02 $0.00 $1,635.39 $291,909.34
170 $291,909.34 $1,036.02 $0.00 $1,650.50 $294,595.86
171 $294,595.86 $1,036.02 $0.00 $1,665.69 $297,297.57
172 $297,297.57 $1,036.02 $0.00 $1,680.96 $300,014.55
173 $300,014.55 $1,036.02 $0.00 $1,696.33 $302,746.90
174 $302,746.90 $1,036.02 $0.00 $1,711.77 $305,494.69
175 $305,494.69 $1,036.02 $0.00 $1,727.31 $308,258.02
176 $308,258.02 $1,036.02 $0.00 $1,742.94 $311,036.98
177 $311,036.98 $1,036.02 $0.00 $1,758.65 $313,831.65
178 $313,831.65 $1,036.02 $0.00 $1,774.45 $316,642.12
179 $316,642.12 $1,036.02 $0.00 $1,790.34 $319,468.48
180 $319,468.48 $1,036.02 $0.00 $1,806.32 $322,310.82
181 $322,310.82 $1,036.02 $0.00 $1,822.39 $325,169.23
182 $325,169.23 $1,036.02 $0.00 $1,838.55 $328,043.80
183 $328,043.80 $1,036.02 $0.00 $1,854.81 $330,934.63
184 $330,934.63 $1,036.02 $0.00 $1,871.15 $333,841.80
185 $333,841.80 $1,036.02 $0.00 $1,887.59 $336,765.41
186 $336,765.41 $1,036.02 $0.00 $1,904.12 $339,705.55
187 $339,705.55 $1,036.02 $0.00 $1,920.74 $342,662.31
188 $342,662.31 $1,036.02 $0.00 $1,937.46 $345,635.79
189 $345,635.79 $1,036.02 $0.00 $1,954.28 $348,626.09
190 $348,626.09 $1,036.02 $0.00 $1,971.18 $351,633.29
191 $351,633.29 $1,036.02 $0.00 $1,988.19 $354,657.50
192 $354,657.50 $1,036.02 $0.00 $2,005.29 $357,698.81
193 $357,698.81 $1,036.02 $0.00 $2,022.48 $360,757.31
194 $360,757.31 $1,036.02 $0.00 $2,039.77 $363,833.10
195 $363,833.10 $1,036.02 $0.00 $2,057.17 $366,926.29
196 $366,926.29 $1,036.02 $0.00 $2,074.65 $370,036.96
197 $370,036.96 $1,036.02 $0.00 $2,092.24 $373,165.22
198 $373,165.22 $1,036.02 $0.00 $2,109.93 $376,311.17
199 $376,311.17 $1,036.02 $0.00 $2,127.72 $379,474.91
200 $379,474.91 $1,036.02 $0.00 $2,145.61 $382,656.54
201 $382,656.54 $1,036.02 $0.00 $2,163.60 $385,856.16
202 $385,856.16 $1,036.02 $0.00 $2,181.69 $389,073.87
203 $389,073.87 $1,036.02 $0.00 $2,199.88 $392,309.77
204 $392,309.77 $1,036.02 $0.00 $2,218.18 $395,563.97
205 $395,563.97 $1,036.02 $0.00 $2,236.58 $398,836.57
206 $398,836.57 $1,036.02 $0.00 $2,255.08 $402,127.67
207 $402,127.67 $1,036.02 $0.00 $2,273.69 $405,437.38
208 $405,437.38 $1,036.02 $0.00 $2,292.40 $408,765.80
209 $408,765.80 $1,036.02 $0.00 $2,311.22 $412,113.04
210 $412,113.04 $1,036.02 $0.00 $2,330.15 $415,479.21
211 $415,479.21 $1,036.02 $0.00 $2,349.18 $418,864.41
212 $418,864.41 $1,036.02 $0.00 $2,368.32 $422,268.75
213 $422,268.75 $1,036.02 $0.00 $2,387.57 $425,692.34
214 $425,692.34 $1,036.02 $0.00 $2,406.93 $429,135.29
215 $429,135.29 $1,036.02 $0.00 $2,426.39 $432,597.70
216 $432,597.70 $1,036.02 $0.00 $2,445.97 $436,079.69
217 $436,079.69 $1,036.02 $121,462.07 $2,465.66 $318,119.30
218 $318,119.30 $1,036.02 $0.00 $1,798.69 $320,954.01
219 $320,954.01 $1,036.02 $0.00 $1,814.72 $323,804.75
220 $323,804.75 $1,036.02 $0.00 $1,830.84 $326,671.61
221 $326,671.61 $1,036.02 $0.00 $1,847.05 $329,554.68
222 $329,554.68 $1,036.02 $0.00 $1,863.35 $332,454.05
223 $332,454.05 $1,036.02 $0.00 $1,879.74 $335,369.81
224 $335,369.81 $1,036.02 $0.00 $1,896.23 $338,302.06
225 $338,302.06 $1,036.02 $0.00 $1,912.81 $341,250.89
226 $341,250.89 $1,036.02 $0.00 $1,929.48 $344,216.39
227 $344,216.39 $1,036.02 $0.00 $1,946.25 $347,198.66
228 $347,198.66 $1,036.02 $0.00 $1,963.11 $350,197.79
229 $350,197.79 $1,036.02 $127,535.18 $1,980.07 $225,678.70
230 $225,678.70 $1,036.02 $0.00 $1,276.02 $227,990.74
231 $227,990.74 $1,036.02 $0.00 $1,289.09 $230,315.85
232 $230,315.85 $1,036.02 $0.00 $1,302.24 $232,654.11
233 $232,654.11 $1,036.02 $0.00 $1,315.46 $235,005.59
234 $235,005.59 $1,036.02 $0.00 $1,328.76 $237,370.37
235 $237,370.37 $1,036.02 $0.00 $1,342.13 $239,748.52
236 $239,748.52 $1,036.02 $0.00 $1,355.57 $242,140.11
237 $242,140.11 $1,036.02 $0.00 $1,369.10 $244,545.23
238 $244,545.23 $1,036.02 $0.00 $1,382.69 $246,963.94
239 $246,963.94 $1,036.02 $0.00 $1,396.37 $249,396.33
240 $249,396.33 $1,036.02 $0.00 $1,410.12 $251,842.47
241 $251,842.47 $1,036.02 $133,911.94 $1,423.95 $120,390.50
242 $120,390.50 $1,036.02 $0.00 $680.71 $122,107.23
243 $122,107.23 $1,036.02 $0.00 $690.41 $123,833.66
244 $123,833.66 $1,036.02 $0.00 $700.17 $125,569.85
245 $125,569.85 $1,036.02 $0.00 $709.99 $127,315.86
246 $127,315.86 $1,036.02 $0.00 $719.86 $129,071.74
247 $129,071.74 $1,036.02 $0.00 $729.79 $130,837.55
248 $130,837.55 $1,036.02 $0.00 $739.77 $132,613.34
249 $132,613.34 $1,036.02 $0.00 $749.82 $134,399.18
250 $134,399.18 $1,036.02 $0.00 $759.91 $136,195.11
251 $136,195.11 $1,036.02 $0.00 $770.07 $138,001.20
252 $138,001.20 $1,036.02 $0.00 $780.28 $139,817.50
253 $139,817.50 $0.00 $140,607.53 $790.55 $0.52