Savings Plan and Future Cost Estimation for Monmouth University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$157,224
Monthly savings required$1,245

How much will it cost to send your child to Monmouth University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $628,894.29 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,244.56 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$60,629.00
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 $1,244.56 $0.00 $0.00 $1,244.56
2 $1,244.56 $1,244.56 $0.00 $7.04 $2,496.16
3 $2,496.16 $1,244.56 $0.00 $14.11 $3,754.83
4 $3,754.83 $1,244.56 $0.00 $21.23 $5,020.62
5 $5,020.62 $1,244.56 $0.00 $28.39 $6,293.57
6 $6,293.57 $1,244.56 $0.00 $35.58 $7,573.71
7 $7,573.71 $1,244.56 $0.00 $42.82 $8,861.09
8 $8,861.09 $1,244.56 $0.00 $50.10 $10,155.75
9 $10,155.75 $1,244.56 $0.00 $57.42 $11,457.73
10 $11,457.73 $1,244.56 $0.00 $64.78 $12,767.07
11 $12,767.07 $1,244.56 $0.00 $72.19 $14,083.82
12 $14,083.82 $1,244.56 $0.00 $79.63 $15,408.01
13 $15,408.01 $1,244.56 $0.00 $87.12 $16,739.69
14 $16,739.69 $1,244.56 $0.00 $94.65 $18,078.90
15 $18,078.90 $1,244.56 $0.00 $102.22 $19,425.68
16 $19,425.68 $1,244.56 $0.00 $109.84 $20,780.08
17 $20,780.08 $1,244.56 $0.00 $117.49 $22,142.13
18 $22,142.13 $1,244.56 $0.00 $125.19 $23,511.88
19 $23,511.88 $1,244.56 $0.00 $132.94 $24,889.38
20 $24,889.38 $1,244.56 $0.00 $140.73 $26,274.67
21 $26,274.67 $1,244.56 $0.00 $148.56 $27,667.79
22 $27,667.79 $1,244.56 $0.00 $156.44 $29,068.79
23 $29,068.79 $1,244.56 $0.00 $164.36 $30,477.71
24 $30,477.71 $1,244.56 $0.00 $172.33 $31,894.60
25 $31,894.60 $1,244.56 $0.00 $180.34 $33,319.50
26 $33,319.50 $1,244.56 $0.00 $188.39 $34,752.45
27 $34,752.45 $1,244.56 $0.00 $196.50 $36,193.51
28 $36,193.51 $1,244.56 $0.00 $204.64 $37,642.71
29 $37,642.71 $1,244.56 $0.00 $212.84 $39,100.11
30 $39,100.11 $1,244.56 $0.00 $221.08 $40,565.75
31 $40,565.75 $1,244.56 $0.00 $229.36 $42,039.67
32 $42,039.67 $1,244.56 $0.00 $237.70 $43,521.93
33 $43,521.93 $1,244.56 $0.00 $246.08 $45,012.57
34 $45,012.57 $1,244.56 $0.00 $254.51 $46,511.64
35 $46,511.64 $1,244.56 $0.00 $262.98 $48,019.18
36 $48,019.18 $1,244.56 $0.00 $271.51 $49,535.25
37 $49,535.25 $1,244.56 $0.00 $280.08 $51,059.89
38 $51,059.89 $1,244.56 $0.00 $288.70 $52,593.15
39 $52,593.15 $1,244.56 $0.00 $297.37 $54,135.08
40 $54,135.08 $1,244.56 $0.00 $306.09 $55,685.73
41 $55,685.73 $1,244.56 $0.00 $314.86 $57,245.15
42 $57,245.15 $1,244.56 $0.00 $323.67 $58,813.38
43 $58,813.38 $1,244.56 $0.00 $332.54 $60,390.48
44 $60,390.48 $1,244.56 $0.00 $341.46 $61,976.50
45 $61,976.50 $1,244.56 $0.00 $350.42 $63,571.48
46 $63,571.48 $1,244.56 $0.00 $359.44 $65,175.48
47 $65,175.48 $1,244.56 $0.00 $368.51 $66,788.55
48 $66,788.55 $1,244.56 $0.00 $377.63 $68,410.74
49 $68,410.74 $1,244.56 $0.00 $386.80 $70,042.10
50 $70,042.10 $1,244.56 $0.00 $396.03 $71,682.69
51 $71,682.69 $1,244.56 $0.00 $405.30 $73,332.55
52 $73,332.55 $1,244.56 $0.00 $414.63 $74,991.74
53 $74,991.74 $1,244.56 $0.00 $424.01 $76,660.31
54 $76,660.31 $1,244.56 $0.00 $433.45 $78,338.32
55 $78,338.32 $1,244.56 $0.00 $442.94 $80,025.82
56 $80,025.82 $1,244.56 $0.00 $452.48 $81,722.86
57 $81,722.86 $1,244.56 $0.00 $462.07 $83,429.49
58 $83,429.49 $1,244.56 $0.00 $471.72 $85,145.77
59 $85,145.77 $1,244.56 $0.00 $481.43 $86,871.76
60 $86,871.76 $1,244.56 $0.00 $491.19 $88,607.51
61 $88,607.51 $1,244.56 $0.00 $501.00 $90,353.07
62 $90,353.07 $1,244.56 $0.00 $510.87 $92,108.50
63 $92,108.50 $1,244.56 $0.00 $520.79 $93,873.85
64 $93,873.85 $1,244.56 $0.00 $530.78 $95,649.19
65 $95,649.19 $1,244.56 $0.00 $540.81 $97,434.56
66 $97,434.56 $1,244.56 $0.00 $550.91 $99,230.03
67 $99,230.03 $1,244.56 $0.00 $561.06 $101,035.65
68 $101,035.65 $1,244.56 $0.00 $571.27 $102,851.48
69 $102,851.48 $1,244.56 $0.00 $581.54 $104,677.58
70 $104,677.58 $1,244.56 $0.00 $591.86 $106,514.00
71 $106,514.00 $1,244.56 $0.00 $602.25 $108,360.81
72 $108,360.81 $1,244.56 $0.00 $612.69 $110,218.06
73 $110,218.06 $1,244.56 $0.00 $623.19 $112,085.81
74 $112,085.81 $1,244.56 $0.00 $633.75 $113,964.12
75 $113,964.12 $1,244.56 $0.00 $644.37 $115,853.05
76 $115,853.05 $1,244.56 $0.00 $655.05 $117,752.66
77 $117,752.66 $1,244.56 $0.00 $665.79 $119,663.01
78 $119,663.01 $1,244.56 $0.00 $676.59 $121,584.16
79 $121,584.16 $1,244.56 $0.00 $687.45 $123,516.17
80 $123,516.17 $1,244.56 $0.00 $698.38 $125,459.11
81 $125,459.11 $1,244.56 $0.00 $709.36 $127,413.03
82 $127,413.03 $1,244.56 $0.00 $720.41 $129,378.00
83 $129,378.00 $1,244.56 $0.00 $731.52 $131,354.08
84 $131,354.08 $1,244.56 $0.00 $742.70 $133,341.34
85 $133,341.34 $1,244.56 $0.00 $753.93 $135,339.83
86 $135,339.83 $1,244.56 $0.00 $765.23 $137,349.62
87 $137,349.62 $1,244.56 $0.00 $776.59 $139,370.77
88 $139,370.77 $1,244.56 $0.00 $788.02 $141,403.35
89 $141,403.35 $1,244.56 $0.00 $799.52 $143,447.43
90 $143,447.43 $1,244.56 $0.00 $811.07 $145,503.06
91 $145,503.06 $1,244.56 $0.00 $822.70 $147,570.32
92 $147,570.32 $1,244.56 $0.00 $834.38 $149,649.26
93 $149,649.26 $1,244.56 $0.00 $846.14 $151,739.96
94 $151,739.96 $1,244.56 $0.00 $857.96 $153,842.48
95 $153,842.48 $1,244.56 $0.00 $869.85 $155,956.89
96 $155,956.89 $1,244.56 $0.00 $881.80 $158,083.25
97 $158,083.25 $1,244.56 $0.00 $893.83 $160,221.64
98 $160,221.64 $1,244.56 $0.00 $905.92 $162,372.12
99 $162,372.12 $1,244.56 $0.00 $918.08 $164,534.76
100 $164,534.76 $1,244.56 $0.00 $930.30 $166,709.62
101 $166,709.62 $1,244.56 $0.00 $942.60 $168,896.78
102 $168,896.78 $1,244.56 $0.00 $954.97 $171,096.31
103 $171,096.31 $1,244.56 $0.00 $967.40 $173,308.27
104 $173,308.27 $1,244.56 $0.00 $979.91 $175,532.74
105 $175,532.74 $1,244.56 $0.00 $992.49 $177,769.79
106 $177,769.79 $1,244.56 $0.00 $1,005.14 $180,019.49
107 $180,019.49 $1,244.56 $0.00 $1,017.86 $182,281.91
108 $182,281.91 $1,244.56 $0.00 $1,030.65 $184,557.12
109 $184,557.12 $1,244.56 $0.00 $1,043.51 $186,845.19
110 $186,845.19 $1,244.56 $0.00 $1,056.45 $189,146.20
111 $189,146.20 $1,244.56 $0.00 $1,069.46 $191,460.22
112 $191,460.22 $1,244.56 $0.00 $1,082.54 $193,787.32
113 $193,787.32 $1,244.56 $0.00 $1,095.70 $196,127.58
114 $196,127.58 $1,244.56 $0.00 $1,108.93 $198,481.07
115 $198,481.07 $1,244.56 $0.00 $1,122.24 $200,847.87
116 $200,847.87 $1,244.56 $0.00 $1,135.62 $203,228.05
117 $203,228.05 $1,244.56 $0.00 $1,149.08 $205,621.69
118 $205,621.69 $1,244.56 $0.00 $1,162.61 $208,028.86
119 $208,028.86 $1,244.56 $0.00 $1,176.23 $210,449.65
120 $210,449.65 $1,244.56 $0.00 $1,189.91 $212,884.12
121 $212,884.12 $1,244.56 $0.00 $1,203.68 $215,332.36
122 $215,332.36 $1,244.56 $0.00 $1,217.52 $217,794.44
123 $217,794.44 $1,244.56 $0.00 $1,231.44 $220,270.44
124 $220,270.44 $1,244.56 $0.00 $1,245.44 $222,760.44
125 $222,760.44 $1,244.56 $0.00 $1,259.52 $225,264.52
126 $225,264.52 $1,244.56 $0.00 $1,273.68 $227,782.76
127 $227,782.76 $1,244.56 $0.00 $1,287.92 $230,315.24
128 $230,315.24 $1,244.56 $0.00 $1,302.24 $232,862.04
129 $232,862.04 $1,244.56 $0.00 $1,316.64 $235,423.24
130 $235,423.24 $1,244.56 $0.00 $1,331.12 $237,998.92
131 $237,998.92 $1,244.56 $0.00 $1,345.68 $240,589.16
132 $240,589.16 $1,244.56 $0.00 $1,360.33 $243,194.05
133 $243,194.05 $1,244.56 $0.00 $1,375.05 $245,813.66
134 $245,813.66 $1,244.56 $0.00 $1,389.87 $248,448.09
135 $248,448.09 $1,244.56 $0.00 $1,404.76 $251,097.41
136 $251,097.41 $1,244.56 $0.00 $1,419.74 $253,761.71
137 $253,761.71 $1,244.56 $0.00 $1,434.81 $256,441.08
138 $256,441.08 $1,244.56 $0.00 $1,449.96 $259,135.60
139 $259,135.60 $1,244.56 $0.00 $1,465.19 $261,845.35
140 $261,845.35 $1,244.56 $0.00 $1,480.51 $264,570.42
141 $264,570.42 $1,244.56 $0.00 $1,495.92 $267,310.90
142 $267,310.90 $1,244.56 $0.00 $1,511.41 $270,066.87
143 $270,066.87 $1,244.56 $0.00 $1,527.00 $272,838.43
144 $272,838.43 $1,244.56 $0.00 $1,542.67 $275,625.66
145 $275,625.66 $1,244.56 $0.00 $1,558.43 $278,428.65
146 $278,428.65 $1,244.56 $0.00 $1,574.28 $281,247.49
147 $281,247.49 $1,244.56 $0.00 $1,590.21 $284,082.26
148 $284,082.26 $1,244.56 $0.00 $1,606.24 $286,933.06
149 $286,933.06 $1,244.56 $0.00 $1,622.36 $289,799.98
150 $289,799.98 $1,244.56 $0.00 $1,638.57 $292,683.11
151 $292,683.11 $1,244.56 $0.00 $1,654.87 $295,582.54
152 $295,582.54 $1,244.56 $0.00 $1,671.27 $298,498.37
153 $298,498.37 $1,244.56 $0.00 $1,687.75 $301,430.68
154 $301,430.68 $1,244.56 $0.00 $1,704.33 $304,379.57
155 $304,379.57 $1,244.56 $0.00 $1,721.01 $307,345.14
156 $307,345.14 $1,244.56 $0.00 $1,737.77 $310,327.47
157 $310,327.47 $1,244.56 $0.00 $1,754.64 $313,326.67
158 $313,326.67 $1,244.56 $0.00 $1,771.59 $316,342.82
159 $316,342.82 $1,244.56 $0.00 $1,788.65 $319,376.03
160 $319,376.03 $1,244.56 $0.00 $1,805.80 $322,426.39
161 $322,426.39 $1,244.56 $0.00 $1,823.05 $325,494.00
162 $325,494.00 $1,244.56 $0.00 $1,840.39 $328,578.95
163 $328,578.95 $1,244.56 $0.00 $1,857.83 $331,681.34
164 $331,681.34 $1,244.56 $0.00 $1,875.37 $334,801.27
165 $334,801.27 $1,244.56 $0.00 $1,893.02 $337,938.85
166 $337,938.85 $1,244.56 $0.00 $1,910.76 $341,094.17
167 $341,094.17 $1,244.56 $0.00 $1,928.60 $344,267.33
168 $344,267.33 $1,244.56 $0.00 $1,946.54 $347,458.43
169 $347,458.43 $1,244.56 $0.00 $1,964.58 $350,667.57
170 $350,667.57 $1,244.56 $0.00 $1,982.73 $353,894.86
171 $353,894.86 $1,244.56 $0.00 $2,000.97 $357,140.39
172 $357,140.39 $1,244.56 $0.00 $2,019.32 $360,404.27
173 $360,404.27 $1,244.56 $0.00 $2,037.78 $363,686.61
174 $363,686.61 $1,244.56 $0.00 $2,056.34 $366,987.51
175 $366,987.51 $1,244.56 $0.00 $2,075.00 $370,307.07
176 $370,307.07 $1,244.56 $0.00 $2,093.77 $373,645.40
177 $373,645.40 $1,244.56 $0.00 $2,112.65 $377,002.61
178 $377,002.61 $1,244.56 $0.00 $2,131.63 $380,378.80
179 $380,378.80 $1,244.56 $0.00 $2,150.72 $383,774.08
180 $383,774.08 $1,244.56 $0.00 $2,169.91 $387,188.55
181 $387,188.55 $1,244.56 $0.00 $2,189.22 $390,622.33
182 $390,622.33 $1,244.56 $0.00 $2,208.64 $394,075.53
183 $394,075.53 $1,244.56 $0.00 $2,228.16 $397,548.25
184 $397,548.25 $1,244.56 $0.00 $2,247.80 $401,040.61
185 $401,040.61 $1,244.56 $0.00 $2,267.54 $404,552.71
186 $404,552.71 $1,244.56 $0.00 $2,287.40 $408,084.67
187 $408,084.67 $1,244.56 $0.00 $2,307.37 $411,636.60
188 $411,636.60 $1,244.56 $0.00 $2,327.45 $415,208.61
189 $415,208.61 $1,244.56 $0.00 $2,347.65 $418,800.82
190 $418,800.82 $1,244.56 $0.00 $2,367.96 $422,413.34
191 $422,413.34 $1,244.56 $0.00 $2,388.39 $426,046.29
192 $426,046.29 $1,244.56 $0.00 $2,408.93 $429,699.78
193 $429,699.78 $1,244.56 $0.00 $2,429.59 $433,373.93
194 $433,373.93 $1,244.56 $0.00 $2,450.36 $437,068.85
195 $437,068.85 $1,244.56 $0.00 $2,471.25 $440,784.66
196 $440,784.66 $1,244.56 $0.00 $2,492.26 $444,521.48
197 $444,521.48 $1,244.56 $0.00 $2,513.39 $448,279.43
198 $448,279.43 $1,244.56 $0.00 $2,534.64 $452,058.63
199 $452,058.63 $1,244.56 $0.00 $2,556.01 $455,859.20
200 $455,859.20 $1,244.56 $0.00 $2,577.49 $459,681.25
201 $459,681.25 $1,244.56 $0.00 $2,599.10 $463,524.91
202 $463,524.91 $1,244.56 $0.00 $2,620.84 $467,390.31
203 $467,390.31 $1,244.56 $0.00 $2,642.69 $471,277.56
204 $471,277.56 $1,244.56 $0.00 $2,664.67 $475,186.79
205 $475,186.79 $1,244.56 $0.00 $2,686.78 $479,118.13
206 $479,118.13 $1,244.56 $0.00 $2,709.00 $483,071.69
207 $483,071.69 $1,244.56 $0.00 $2,731.36 $487,047.61
208 $487,047.61 $1,244.56 $0.00 $2,753.84 $491,046.01
209 $491,046.01 $1,244.56 $0.00 $2,776.45 $495,067.02
210 $495,067.02 $1,244.56 $0.00 $2,799.18 $499,110.76
211 $499,110.76 $1,244.56 $0.00 $2,822.04 $503,177.36
212 $503,177.36 $1,244.56 $0.00 $2,845.04 $507,266.96
213 $507,266.96 $1,244.56 $0.00 $2,868.16 $511,379.68
214 $511,379.68 $1,244.56 $0.00 $2,891.42 $515,515.66
215 $515,515.66 $1,244.56 $0.00 $2,914.80 $519,675.02
216 $519,675.02 $1,244.56 $0.00 $2,938.32 $523,857.90
217 $523,857.90 $1,244.56 $145,910.92 $2,961.97 $382,153.51
218 $382,153.51 $1,244.56 $0.00 $2,160.75 $385,558.82
219 $385,558.82 $1,244.56 $0.00 $2,180.01 $388,983.39
220 $388,983.39 $1,244.56 $0.00 $2,199.37 $392,427.32
221 $392,427.32 $1,244.56 $0.00 $2,218.84 $395,890.72
222 $395,890.72 $1,244.56 $0.00 $2,238.42 $399,373.70
223 $399,373.70 $1,244.56 $0.00 $2,258.12 $402,876.38
224 $402,876.38 $1,244.56 $0.00 $2,277.92 $406,398.86
225 $406,398.86 $1,244.56 $0.00 $2,297.84 $409,941.26
226 $409,941.26 $1,244.56 $0.00 $2,317.87 $413,503.69
227 $413,503.69 $1,244.56 $0.00 $2,338.01 $417,086.26
228 $417,086.26 $1,244.56 $0.00 $2,358.27 $420,689.09
229 $420,689.09 $1,244.56 $153,206.46 $2,378.64 $271,105.83
230 $271,105.83 $1,244.56 $0.00 $1,532.87 $273,883.26
231 $273,883.26 $1,244.56 $0.00 $1,548.58 $276,676.40
232 $276,676.40 $1,244.56 $0.00 $1,564.37 $279,485.33
233 $279,485.33 $1,244.56 $0.00 $1,580.25 $282,310.14
234 $282,310.14 $1,244.56 $0.00 $1,596.22 $285,150.92
235 $285,150.92 $1,244.56 $0.00 $1,612.28 $288,007.76
236 $288,007.76 $1,244.56 $0.00 $1,628.44 $290,880.76
237 $290,880.76 $1,244.56 $0.00 $1,644.68 $293,770.00
238 $293,770.00 $1,244.56 $0.00 $1,661.02 $296,675.58
239 $296,675.58 $1,244.56 $0.00 $1,677.45 $299,597.59
240 $299,597.59 $1,244.56 $0.00 $1,693.97 $302,536.12
241 $302,536.12 $1,244.56 $160,866.79 $1,710.58 $144,624.47
242 $144,624.47 $1,244.56 $0.00 $817.73 $146,686.76
243 $146,686.76 $1,244.56 $0.00 $829.39 $148,760.71
244 $148,760.71 $1,244.56 $0.00 $841.11 $150,846.38
245 $150,846.38 $1,244.56 $0.00 $852.91 $152,943.85
246 $152,943.85 $1,244.56 $0.00 $864.77 $155,053.18
247 $155,053.18 $1,244.56 $0.00 $876.69 $157,174.43
248 $157,174.43 $1,244.56 $0.00 $888.69 $159,307.68
249 $159,307.68 $1,244.56 $0.00 $900.75 $161,452.99
250 $161,452.99 $1,244.56 $0.00 $912.88 $163,610.43
251 $163,610.43 $1,244.56 $0.00 $925.08 $165,780.07
252 $165,780.07 $1,244.56 $0.00 $937.34 $167,961.97
253 $167,961.97 $0.00 $168,910.13 $949.68 $1.52