Savings Plan and Future Cost Estimation for Belmont Abbey College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$128,900
Monthly savings required$1,019

How much will it cost to send your child to Belmont Abbey College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $515,600.43 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,018.73 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$34,358.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,018.73 $0.00 $0.00 $1,018.73
2 $1,018.73 $1,018.73 $0.00 $5.76 $2,043.22
3 $2,043.22 $1,018.73 $0.00 $11.55 $3,073.50
4 $3,073.50 $1,018.73 $0.00 $17.38 $4,109.61
5 $4,109.61 $1,018.73 $0.00 $23.24 $5,151.58
6 $5,151.58 $1,018.73 $0.00 $29.13 $6,199.44
7 $6,199.44 $1,018.73 $0.00 $35.05 $7,253.22
8 $7,253.22 $1,018.73 $0.00 $41.01 $8,312.96
9 $8,312.96 $1,018.73 $0.00 $47.00 $9,378.69
10 $9,378.69 $1,018.73 $0.00 $53.03 $10,450.45
11 $10,450.45 $1,018.73 $0.00 $59.09 $11,528.27
12 $11,528.27 $1,018.73 $0.00 $65.18 $12,612.18
13 $12,612.18 $1,018.73 $0.00 $71.31 $13,702.22
14 $13,702.22 $1,018.73 $0.00 $77.47 $14,798.42
15 $14,798.42 $1,018.73 $0.00 $83.67 $15,900.82
16 $15,900.82 $1,018.73 $0.00 $89.91 $17,009.46
17 $17,009.46 $1,018.73 $0.00 $96.17 $18,124.36
18 $18,124.36 $1,018.73 $0.00 $102.48 $19,245.57
19 $19,245.57 $1,018.73 $0.00 $108.82 $20,373.12
20 $20,373.12 $1,018.73 $0.00 $115.19 $21,507.04
21 $21,507.04 $1,018.73 $0.00 $121.60 $22,647.37
22 $22,647.37 $1,018.73 $0.00 $128.05 $23,794.15
23 $23,794.15 $1,018.73 $0.00 $134.54 $24,947.42
24 $24,947.42 $1,018.73 $0.00 $141.06 $26,107.21
25 $26,107.21 $1,018.73 $0.00 $147.61 $27,273.55
26 $27,273.55 $1,018.73 $0.00 $154.21 $28,446.49
27 $28,446.49 $1,018.73 $0.00 $160.84 $29,626.06
28 $29,626.06 $1,018.73 $0.00 $167.51 $30,812.30
29 $30,812.30 $1,018.73 $0.00 $174.22 $32,005.25
30 $32,005.25 $1,018.73 $0.00 $180.96 $33,204.94
31 $33,204.94 $1,018.73 $0.00 $187.75 $34,411.42
32 $34,411.42 $1,018.73 $0.00 $194.57 $35,624.72
33 $35,624.72 $1,018.73 $0.00 $201.43 $36,844.88
34 $36,844.88 $1,018.73 $0.00 $208.33 $38,071.94
35 $38,071.94 $1,018.73 $0.00 $215.26 $39,305.93
36 $39,305.93 $1,018.73 $0.00 $222.24 $40,546.90
37 $40,546.90 $1,018.73 $0.00 $229.26 $41,794.89
38 $41,794.89 $1,018.73 $0.00 $236.31 $43,049.93
39 $43,049.93 $1,018.73 $0.00 $243.41 $44,312.07
40 $44,312.07 $1,018.73 $0.00 $250.55 $45,581.35
41 $45,581.35 $1,018.73 $0.00 $257.72 $46,857.80
42 $46,857.80 $1,018.73 $0.00 $264.94 $48,141.47
43 $48,141.47 $1,018.73 $0.00 $272.20 $49,432.40
44 $49,432.40 $1,018.73 $0.00 $279.50 $50,730.63
45 $50,730.63 $1,018.73 $0.00 $286.84 $52,036.20
46 $52,036.20 $1,018.73 $0.00 $294.22 $53,349.15
47 $53,349.15 $1,018.73 $0.00 $301.64 $54,669.52
48 $54,669.52 $1,018.73 $0.00 $309.11 $55,997.36
49 $55,997.36 $1,018.73 $0.00 $316.62 $57,332.71
50 $57,332.71 $1,018.73 $0.00 $324.17 $58,675.61
51 $58,675.61 $1,018.73 $0.00 $331.76 $60,026.10
52 $60,026.10 $1,018.73 $0.00 $339.40 $61,384.23
53 $61,384.23 $1,018.73 $0.00 $347.08 $62,750.04
54 $62,750.04 $1,018.73 $0.00 $354.80 $64,123.57
55 $64,123.57 $1,018.73 $0.00 $362.56 $65,504.86
56 $65,504.86 $1,018.73 $0.00 $370.37 $66,893.96
57 $66,893.96 $1,018.73 $0.00 $378.23 $68,290.92
58 $68,290.92 $1,018.73 $0.00 $386.13 $69,695.78
59 $69,695.78 $1,018.73 $0.00 $394.07 $71,108.58
60 $71,108.58 $1,018.73 $0.00 $402.06 $72,529.37
61 $72,529.37 $1,018.73 $0.00 $410.09 $73,958.19
62 $73,958.19 $1,018.73 $0.00 $418.17 $75,395.09
63 $75,395.09 $1,018.73 $0.00 $426.29 $76,840.11
64 $76,840.11 $1,018.73 $0.00 $434.47 $78,293.31
65 $78,293.31 $1,018.73 $0.00 $442.68 $79,754.72
66 $79,754.72 $1,018.73 $0.00 $450.94 $81,224.39
67 $81,224.39 $1,018.73 $0.00 $459.25 $82,702.37
68 $82,702.37 $1,018.73 $0.00 $467.61 $84,188.71
69 $84,188.71 $1,018.73 $0.00 $476.02 $85,683.46
70 $85,683.46 $1,018.73 $0.00 $484.47 $87,186.66
71 $87,186.66 $1,018.73 $0.00 $492.97 $88,698.36
72 $88,698.36 $1,018.73 $0.00 $501.51 $90,218.60
73 $90,218.60 $1,018.73 $0.00 $510.11 $91,747.44
74 $91,747.44 $1,018.73 $0.00 $518.75 $93,284.92
75 $93,284.92 $1,018.73 $0.00 $527.45 $94,831.10
76 $94,831.10 $1,018.73 $0.00 $536.19 $96,386.02
77 $96,386.02 $1,018.73 $0.00 $544.98 $97,949.73
78 $97,949.73 $1,018.73 $0.00 $553.82 $99,522.28
79 $99,522.28 $1,018.73 $0.00 $562.71 $101,103.72
80 $101,103.72 $1,018.73 $0.00 $571.66 $102,694.11
81 $102,694.11 $1,018.73 $0.00 $580.65 $104,293.49
82 $104,293.49 $1,018.73 $0.00 $589.69 $105,901.91
83 $105,901.91 $1,018.73 $0.00 $598.78 $107,519.42
84 $107,519.42 $1,018.73 $0.00 $607.93 $109,146.08
85 $109,146.08 $1,018.73 $0.00 $617.13 $110,781.94
86 $110,781.94 $1,018.73 $0.00 $626.38 $112,427.05
87 $112,427.05 $1,018.73 $0.00 $635.68 $114,081.46
88 $114,081.46 $1,018.73 $0.00 $645.03 $115,745.22
89 $115,745.22 $1,018.73 $0.00 $654.44 $117,418.39
90 $117,418.39 $1,018.73 $0.00 $663.90 $119,101.02
91 $119,101.02 $1,018.73 $0.00 $673.41 $120,793.16
92 $120,793.16 $1,018.73 $0.00 $682.98 $122,494.87
93 $122,494.87 $1,018.73 $0.00 $692.60 $124,206.20
94 $124,206.20 $1,018.73 $0.00 $702.28 $125,927.21
95 $125,927.21 $1,018.73 $0.00 $712.01 $127,657.95
96 $127,657.95 $1,018.73 $0.00 $721.80 $129,398.48
97 $129,398.48 $1,018.73 $0.00 $731.64 $131,148.85
98 $131,148.85 $1,018.73 $0.00 $741.53 $132,909.11
99 $132,909.11 $1,018.73 $0.00 $751.49 $134,679.33
100 $134,679.33 $1,018.73 $0.00 $761.50 $136,459.56
101 $136,459.56 $1,018.73 $0.00 $771.56 $138,249.85
102 $138,249.85 $1,018.73 $0.00 $781.68 $140,050.26
103 $140,050.26 $1,018.73 $0.00 $791.86 $141,860.85
104 $141,860.85 $1,018.73 $0.00 $802.10 $143,681.68
105 $143,681.68 $1,018.73 $0.00 $812.40 $145,512.81
106 $145,512.81 $1,018.73 $0.00 $822.75 $147,354.29
107 $147,354.29 $1,018.73 $0.00 $833.16 $149,206.18
108 $149,206.18 $1,018.73 $0.00 $843.63 $151,068.54
109 $151,068.54 $1,018.73 $0.00 $854.16 $152,941.43
110 $152,941.43 $1,018.73 $0.00 $864.75 $154,824.91
111 $154,824.91 $1,018.73 $0.00 $875.40 $156,719.04
112 $156,719.04 $1,018.73 $0.00 $886.11 $158,623.88
113 $158,623.88 $1,018.73 $0.00 $896.88 $160,539.49
114 $160,539.49 $1,018.73 $0.00 $907.71 $162,465.93
115 $162,465.93 $1,018.73 $0.00 $918.61 $164,403.27
116 $164,403.27 $1,018.73 $0.00 $929.56 $166,351.56
117 $166,351.56 $1,018.73 $0.00 $940.58 $168,310.87
118 $168,310.87 $1,018.73 $0.00 $951.65 $170,281.25
119 $170,281.25 $1,018.73 $0.00 $962.79 $172,262.77
120 $172,262.77 $1,018.73 $0.00 $974.00 $174,255.50
121 $174,255.50 $1,018.73 $0.00 $985.27 $176,259.50
122 $176,259.50 $1,018.73 $0.00 $996.60 $178,274.83
123 $178,274.83 $1,018.73 $0.00 $1,007.99 $180,301.55
124 $180,301.55 $1,018.73 $0.00 $1,019.45 $182,339.73
125 $182,339.73 $1,018.73 $0.00 $1,030.98 $184,389.44
126 $184,389.44 $1,018.73 $0.00 $1,042.56 $186,450.73
127 $186,450.73 $1,018.73 $0.00 $1,054.22 $188,523.68
128 $188,523.68 $1,018.73 $0.00 $1,065.94 $190,608.35
129 $190,608.35 $1,018.73 $0.00 $1,077.73 $192,704.81
130 $192,704.81 $1,018.73 $0.00 $1,089.58 $194,813.12
131 $194,813.12 $1,018.73 $0.00 $1,101.50 $196,933.35
132 $196,933.35 $1,018.73 $0.00 $1,113.49 $199,065.57
133 $199,065.57 $1,018.73 $0.00 $1,125.55 $201,209.85
134 $201,209.85 $1,018.73 $0.00 $1,137.67 $203,366.25
135 $203,366.25 $1,018.73 $0.00 $1,149.86 $205,534.84
136 $205,534.84 $1,018.73 $0.00 $1,162.12 $207,715.69
137 $207,715.69 $1,018.73 $0.00 $1,174.45 $209,908.87
138 $209,908.87 $1,018.73 $0.00 $1,186.86 $212,114.46
139 $212,114.46 $1,018.73 $0.00 $1,199.33 $214,332.52
140 $214,332.52 $1,018.73 $0.00 $1,211.87 $216,563.12
141 $216,563.12 $1,018.73 $0.00 $1,224.48 $218,806.33
142 $218,806.33 $1,018.73 $0.00 $1,237.16 $221,062.22
143 $221,062.22 $1,018.73 $0.00 $1,249.92 $223,330.87
144 $223,330.87 $1,018.73 $0.00 $1,262.75 $225,612.35
145 $225,612.35 $1,018.73 $0.00 $1,275.65 $227,906.73
146 $227,906.73 $1,018.73 $0.00 $1,288.62 $230,214.08
147 $230,214.08 $1,018.73 $0.00 $1,301.66 $232,534.47
148 $232,534.47 $1,018.73 $0.00 $1,314.78 $234,867.98
149 $234,867.98 $1,018.73 $0.00 $1,327.98 $237,214.69
150 $237,214.69 $1,018.73 $0.00 $1,341.25 $239,574.67
151 $239,574.67 $1,018.73 $0.00 $1,354.59 $241,947.99
152 $241,947.99 $1,018.73 $0.00 $1,368.01 $244,334.73
153 $244,334.73 $1,018.73 $0.00 $1,381.50 $246,734.96
154 $246,734.96 $1,018.73 $0.00 $1,395.08 $249,148.77
155 $249,148.77 $1,018.73 $0.00 $1,408.72 $251,576.22
156 $251,576.22 $1,018.73 $0.00 $1,422.45 $254,017.40
157 $254,017.40 $1,018.73 $0.00 $1,436.25 $256,472.38
158 $256,472.38 $1,018.73 $0.00 $1,450.13 $258,941.24
159 $258,941.24 $1,018.73 $0.00 $1,464.09 $261,424.06
160 $261,424.06 $1,018.73 $0.00 $1,478.13 $263,920.92
161 $263,920.92 $1,018.73 $0.00 $1,492.25 $266,431.90
162 $266,431.90 $1,018.73 $0.00 $1,506.44 $268,957.07
163 $268,957.07 $1,018.73 $0.00 $1,520.72 $271,496.52
164 $271,496.52 $1,018.73 $0.00 $1,535.08 $274,050.33
165 $274,050.33 $1,018.73 $0.00 $1,549.52 $276,618.58
166 $276,618.58 $1,018.73 $0.00 $1,564.04 $279,201.35
167 $279,201.35 $1,018.73 $0.00 $1,578.65 $281,798.73
168 $281,798.73 $1,018.73 $0.00 $1,593.33 $284,410.79
169 $284,410.79 $1,018.73 $0.00 $1,608.10 $287,037.62
170 $287,037.62 $1,018.73 $0.00 $1,622.95 $289,679.30
171 $289,679.30 $1,018.73 $0.00 $1,637.89 $292,335.92
172 $292,335.92 $1,018.73 $0.00 $1,652.91 $295,007.56
173 $295,007.56 $1,018.73 $0.00 $1,668.02 $297,694.31
174 $297,694.31 $1,018.73 $0.00 $1,683.21 $300,396.25
175 $300,396.25 $1,018.73 $0.00 $1,698.48 $303,113.46
176 $303,113.46 $1,018.73 $0.00 $1,713.85 $305,846.04
177 $305,846.04 $1,018.73 $0.00 $1,729.30 $308,594.07
178 $308,594.07 $1,018.73 $0.00 $1,744.84 $311,357.64
179 $311,357.64 $1,018.73 $0.00 $1,760.46 $314,136.83
180 $314,136.83 $1,018.73 $0.00 $1,776.18 $316,931.74
181 $316,931.74 $1,018.73 $0.00 $1,791.98 $319,742.45
182 $319,742.45 $1,018.73 $0.00 $1,807.87 $322,569.05
183 $322,569.05 $1,018.73 $0.00 $1,823.85 $325,411.63
184 $325,411.63 $1,018.73 $0.00 $1,839.92 $328,270.28
185 $328,270.28 $1,018.73 $0.00 $1,856.09 $331,145.10
186 $331,145.10 $1,018.73 $0.00 $1,872.34 $334,036.17
187 $334,036.17 $1,018.73 $0.00 $1,888.69 $336,943.59
188 $336,943.59 $1,018.73 $0.00 $1,905.13 $339,867.45
189 $339,867.45 $1,018.73 $0.00 $1,921.66 $342,807.84
190 $342,807.84 $1,018.73 $0.00 $1,938.29 $345,764.86
191 $345,764.86 $1,018.73 $0.00 $1,955.00 $348,738.59
192 $348,738.59 $1,018.73 $0.00 $1,971.82 $351,729.14
193 $351,729.14 $1,018.73 $0.00 $1,988.73 $354,736.60
194 $354,736.60 $1,018.73 $0.00 $2,005.73 $357,761.06
195 $357,761.06 $1,018.73 $0.00 $2,022.83 $360,802.62
196 $360,802.62 $1,018.73 $0.00 $2,040.03 $363,861.38
197 $363,861.38 $1,018.73 $0.00 $2,057.33 $366,937.44
198 $366,937.44 $1,018.73 $0.00 $2,074.72 $370,030.89
199 $370,030.89 $1,018.73 $0.00 $2,092.21 $373,141.83
200 $373,141.83 $1,018.73 $0.00 $2,109.80 $376,270.36
201 $376,270.36 $1,018.73 $0.00 $2,127.49 $379,416.58
202 $379,416.58 $1,018.73 $0.00 $2,145.28 $382,580.59
203 $382,580.59 $1,018.73 $0.00 $2,163.17 $385,762.49
204 $385,762.49 $1,018.73 $0.00 $2,181.16 $388,962.38
205 $388,962.38 $1,018.73 $0.00 $2,199.25 $392,180.36
206 $392,180.36 $1,018.73 $0.00 $2,217.44 $395,416.53
207 $395,416.53 $1,018.73 $0.00 $2,235.74 $398,671.00
208 $398,671.00 $1,018.73 $0.00 $2,254.14 $401,943.87
209 $401,943.87 $1,018.73 $0.00 $2,272.65 $405,235.25
210 $405,235.25 $1,018.73 $0.00 $2,291.26 $408,545.24
211 $408,545.24 $1,018.73 $0.00 $2,309.97 $411,873.94
212 $411,873.94 $1,018.73 $0.00 $2,328.80 $415,221.47
213 $415,221.47 $1,018.73 $0.00 $2,347.72 $418,587.92
214 $418,587.92 $1,018.73 $0.00 $2,366.76 $421,973.41
215 $421,973.41 $1,018.73 $0.00 $2,385.90 $425,378.04
216 $425,378.04 $1,018.73 $0.00 $2,405.15 $428,801.92
217 $428,801.92 $1,018.73 $116,127.71 $2,424.51 $316,117.45
218 $316,117.45 $1,018.73 $0.00 $1,787.37 $318,923.55
219 $318,923.55 $1,018.73 $0.00 $1,803.24 $321,745.52
220 $321,745.52 $1,018.73 $0.00 $1,819.20 $324,583.45
221 $324,583.45 $1,018.73 $0.00 $1,835.24 $327,437.42
222 $327,437.42 $1,018.73 $0.00 $1,851.38 $330,307.53
223 $330,307.53 $1,018.73 $0.00 $1,867.61 $333,193.87
224 $333,193.87 $1,018.73 $0.00 $1,883.93 $336,096.53
225 $336,096.53 $1,018.73 $0.00 $1,900.34 $339,015.60
226 $339,015.60 $1,018.73 $0.00 $1,916.84 $341,951.17
227 $341,951.17 $1,018.73 $0.00 $1,933.44 $344,903.34
228 $344,903.34 $1,018.73 $0.00 $1,950.13 $347,872.20
229 $347,872.20 $1,018.73 $124,256.65 $1,966.92 $226,601.20
230 $226,601.20 $1,018.73 $0.00 $1,281.24 $228,901.17
231 $228,901.17 $1,018.73 $0.00 $1,294.24 $231,214.14
232 $231,214.14 $1,018.73 $0.00 $1,307.32 $233,540.19
233 $233,540.19 $1,018.73 $0.00 $1,320.47 $235,879.39
234 $235,879.39 $1,018.73 $0.00 $1,333.70 $238,231.82
235 $238,231.82 $1,018.73 $0.00 $1,347.00 $240,597.55
236 $240,597.55 $1,018.73 $0.00 $1,360.37 $242,976.65
237 $242,976.65 $1,018.73 $0.00 $1,373.83 $245,369.21
238 $245,369.21 $1,018.73 $0.00 $1,387.35 $247,775.29
239 $247,775.29 $1,018.73 $0.00 $1,400.96 $250,194.98
240 $250,194.98 $1,018.73 $0.00 $1,414.64 $252,628.35
241 $252,628.35 $1,018.73 $132,954.62 $1,428.40 $122,120.86
242 $122,120.86 $1,018.73 $0.00 $690.49 $123,830.08
243 $123,830.08 $1,018.73 $0.00 $700.15 $125,548.96
244 $125,548.96 $1,018.73 $0.00 $709.87 $127,277.56
245 $127,277.56 $1,018.73 $0.00 $719.65 $129,015.94
246 $129,015.94 $1,018.73 $0.00 $729.47 $130,764.14
247 $130,764.14 $1,018.73 $0.00 $739.36 $132,522.23
248 $132,522.23 $1,018.73 $0.00 $749.30 $134,290.26
249 $134,290.26 $1,018.73 $0.00 $759.30 $136,068.29
250 $136,068.29 $1,018.73 $0.00 $769.35 $137,856.37
251 $137,856.37 $1,018.73 $0.00 $779.46 $139,654.56
252 $139,654.56 $1,018.73 $0.00 $789.63 $141,462.92
253 $141,462.92 $0.00 $142,261.44 $799.85 $1.33