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 2039$85,540
Monthly savings required$677

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 $342,158.16 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $677.12 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$32,986.00
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 $677.12 $0.00 $0.00 $677.12
2 $677.12 $677.12 $0.00 $3.83 $1,358.07
3 $1,358.07 $677.12 $0.00 $7.68 $2,042.87
4 $2,042.87 $677.12 $0.00 $11.55 $2,731.54
5 $2,731.54 $677.12 $0.00 $15.44 $3,424.10
6 $3,424.10 $677.12 $0.00 $19.36 $4,120.58
7 $4,120.58 $677.12 $0.00 $23.30 $4,821.00
8 $4,821.00 $677.12 $0.00 $27.26 $5,525.38
9 $5,525.38 $677.12 $0.00 $31.24 $6,233.74
10 $6,233.74 $677.12 $0.00 $35.25 $6,946.11
11 $6,946.11 $677.12 $0.00 $39.27 $7,662.50
12 $7,662.50 $677.12 $0.00 $43.32 $8,382.94
13 $8,382.94 $677.12 $0.00 $47.40 $9,107.46
14 $9,107.46 $677.12 $0.00 $51.49 $9,836.07
15 $9,836.07 $677.12 $0.00 $55.61 $10,568.80
16 $10,568.80 $677.12 $0.00 $59.76 $11,305.68
17 $11,305.68 $677.12 $0.00 $63.92 $12,046.72
18 $12,046.72 $677.12 $0.00 $68.11 $12,791.95
19 $12,791.95 $677.12 $0.00 $72.33 $13,541.40
20 $13,541.40 $677.12 $0.00 $76.57 $14,295.09
21 $14,295.09 $677.12 $0.00 $80.83 $15,053.04
22 $15,053.04 $677.12 $0.00 $85.11 $15,815.27
23 $15,815.27 $677.12 $0.00 $89.42 $16,581.81
24 $16,581.81 $677.12 $0.00 $93.76 $17,352.69
25 $17,352.69 $677.12 $0.00 $98.11 $18,127.92
26 $18,127.92 $677.12 $0.00 $102.50 $18,907.54
27 $18,907.54 $677.12 $0.00 $106.91 $19,691.57
28 $19,691.57 $677.12 $0.00 $111.34 $20,480.03
29 $20,480.03 $677.12 $0.00 $115.80 $21,272.95
30 $21,272.95 $677.12 $0.00 $120.28 $22,070.35
31 $22,070.35 $677.12 $0.00 $124.79 $22,872.26
32 $22,872.26 $677.12 $0.00 $129.32 $23,678.70
33 $23,678.70 $677.12 $0.00 $133.88 $24,489.70
34 $24,489.70 $677.12 $0.00 $138.47 $25,305.29
35 $25,305.29 $677.12 $0.00 $143.08 $26,125.49
36 $26,125.49 $677.12 $0.00 $147.72 $26,950.33
37 $26,950.33 $677.12 $0.00 $152.38 $27,779.83
38 $27,779.83 $677.12 $0.00 $157.07 $28,614.02
39 $28,614.02 $677.12 $0.00 $161.79 $29,452.93
40 $29,452.93 $677.12 $0.00 $166.53 $30,296.58
41 $30,296.58 $677.12 $0.00 $171.30 $31,145.00
42 $31,145.00 $677.12 $0.00 $176.10 $31,998.22
43 $31,998.22 $677.12 $0.00 $180.92 $32,856.26
44 $32,856.26 $677.12 $0.00 $185.77 $33,719.15
45 $33,719.15 $677.12 $0.00 $190.65 $34,586.92
46 $34,586.92 $677.12 $0.00 $195.56 $35,459.60
47 $35,459.60 $677.12 $0.00 $200.49 $36,337.21
48 $36,337.21 $677.12 $0.00 $205.46 $37,219.79
49 $37,219.79 $677.12 $0.00 $210.45 $38,107.36
50 $38,107.36 $677.12 $0.00 $215.46 $38,999.94
51 $38,999.94 $677.12 $0.00 $220.51 $39,897.57
52 $39,897.57 $677.12 $0.00 $225.59 $40,800.28
53 $40,800.28 $677.12 $0.00 $230.69 $41,708.09
54 $41,708.09 $677.12 $0.00 $235.82 $42,621.03
55 $42,621.03 $677.12 $0.00 $240.99 $43,539.14
56 $43,539.14 $677.12 $0.00 $246.18 $44,462.44
57 $44,462.44 $677.12 $0.00 $251.40 $45,390.96
58 $45,390.96 $677.12 $0.00 $256.65 $46,324.73
59 $46,324.73 $677.12 $0.00 $261.93 $47,263.78
60 $47,263.78 $677.12 $0.00 $267.24 $48,208.14
61 $48,208.14 $677.12 $0.00 $272.58 $49,157.84
62 $49,157.84 $677.12 $0.00 $277.95 $50,112.91
63 $50,112.91 $677.12 $0.00 $283.35 $51,073.38
64 $51,073.38 $677.12 $0.00 $288.78 $52,039.28
65 $52,039.28 $677.12 $0.00 $294.24 $53,010.64
66 $53,010.64 $677.12 $0.00 $299.73 $53,987.49
67 $53,987.49 $677.12 $0.00 $305.25 $54,969.86
68 $54,969.86 $677.12 $0.00 $310.81 $55,957.79
69 $55,957.79 $677.12 $0.00 $316.39 $56,951.30
70 $56,951.30 $677.12 $0.00 $322.01 $57,950.43
71 $57,950.43 $677.12 $0.00 $327.66 $58,955.21
72 $58,955.21 $677.12 $0.00 $333.34 $59,965.67
73 $59,965.67 $677.12 $0.00 $339.05 $60,981.84
74 $60,981.84 $677.12 $0.00 $344.80 $62,003.76
75 $62,003.76 $677.12 $0.00 $350.58 $63,031.46
76 $63,031.46 $677.12 $0.00 $356.39 $64,064.97
77 $64,064.97 $677.12 $0.00 $362.23 $65,104.32
78 $65,104.32 $677.12 $0.00 $368.11 $66,149.55
79 $66,149.55 $677.12 $0.00 $374.02 $67,200.69
80 $67,200.69 $677.12 $0.00 $379.96 $68,257.77
81 $68,257.77 $677.12 $0.00 $385.94 $69,320.83
82 $69,320.83 $677.12 $0.00 $391.95 $70,389.90
83 $70,389.90 $677.12 $0.00 $397.99 $71,465.01
84 $71,465.01 $677.12 $0.00 $404.07 $72,546.20
85 $72,546.20 $677.12 $0.00 $410.19 $73,633.51
86 $73,633.51 $677.12 $0.00 $416.33 $74,726.96
87 $74,726.96 $677.12 $0.00 $422.52 $75,826.60
88 $75,826.60 $677.12 $0.00 $428.73 $76,932.45
89 $76,932.45 $677.12 $0.00 $434.99 $78,044.56
90 $78,044.56 $677.12 $0.00 $441.28 $79,162.96
91 $79,162.96 $677.12 $0.00 $447.60 $80,287.68
92 $80,287.68 $677.12 $0.00 $453.96 $81,418.76
93 $81,418.76 $677.12 $0.00 $460.35 $82,556.23
94 $82,556.23 $677.12 $0.00 $466.78 $83,700.13
95 $83,700.13 $677.12 $0.00 $473.25 $84,850.50
96 $84,850.50 $677.12 $0.00 $479.76 $86,007.38
97 $86,007.38 $677.12 $0.00 $486.30 $87,170.80
98 $87,170.80 $677.12 $0.00 $492.88 $88,340.80
99 $88,340.80 $677.12 $0.00 $499.49 $89,517.41
100 $89,517.41 $677.12 $0.00 $506.14 $90,700.67
101 $90,700.67 $677.12 $0.00 $512.83 $91,890.62
102 $91,890.62 $677.12 $0.00 $519.56 $93,087.30
103 $93,087.30 $677.12 $0.00 $526.33 $94,290.75
104 $94,290.75 $677.12 $0.00 $533.13 $95,501.00
105 $95,501.00 $677.12 $0.00 $539.98 $96,718.10
106 $96,718.10 $677.12 $0.00 $546.86 $97,942.08
107 $97,942.08 $677.12 $0.00 $553.78 $99,172.98
108 $99,172.98 $677.12 $0.00 $560.74 $100,410.84
109 $100,410.84 $677.12 $0.00 $567.74 $101,655.70
110 $101,655.70 $677.12 $0.00 $574.78 $102,907.60
111 $102,907.60 $677.12 $0.00 $581.85 $104,166.57
112 $104,166.57 $677.12 $0.00 $588.97 $105,432.66
113 $105,432.66 $677.12 $0.00 $596.13 $106,705.91
114 $106,705.91 $677.12 $0.00 $603.33 $107,986.36
115 $107,986.36 $677.12 $0.00 $610.57 $109,274.05
116 $109,274.05 $677.12 $0.00 $617.85 $110,569.02
117 $110,569.02 $677.12 $0.00 $625.17 $111,871.31
118 $111,871.31 $677.12 $0.00 $632.54 $113,180.97
119 $113,180.97 $677.12 $0.00 $639.94 $114,498.03
120 $114,498.03 $677.12 $0.00 $647.39 $115,822.54
121 $115,822.54 $677.12 $0.00 $654.88 $117,154.54
122 $117,154.54 $677.12 $0.00 $662.41 $118,494.07
123 $118,494.07 $677.12 $0.00 $669.98 $119,841.17
124 $119,841.17 $677.12 $0.00 $677.60 $121,195.89
125 $121,195.89 $677.12 $0.00 $685.26 $122,558.27
126 $122,558.27 $677.12 $0.00 $692.96 $123,928.35
127 $123,928.35 $677.12 $0.00 $700.71 $125,306.18
128 $125,306.18 $677.12 $0.00 $708.50 $126,691.80
129 $126,691.80 $677.12 $0.00 $716.33 $128,085.25
130 $128,085.25 $677.12 $0.00 $724.21 $129,486.58
131 $129,486.58 $677.12 $0.00 $732.14 $130,895.84
132 $130,895.84 $677.12 $0.00 $740.10 $132,313.06
133 $132,313.06 $677.12 $0.00 $748.12 $133,738.30
134 $133,738.30 $677.12 $0.00 $756.18 $135,171.60
135 $135,171.60 $677.12 $0.00 $764.28 $136,613.00
136 $136,613.00 $677.12 $0.00 $772.43 $138,062.55
137 $138,062.55 $677.12 $0.00 $780.63 $139,520.30
138 $139,520.30 $677.12 $0.00 $788.87 $140,986.29
139 $140,986.29 $677.12 $0.00 $797.16 $142,460.57
140 $142,460.57 $677.12 $0.00 $805.49 $143,943.18
141 $143,943.18 $677.12 $0.00 $813.88 $145,434.18
142 $145,434.18 $677.12 $0.00 $822.31 $146,933.61
143 $146,933.61 $677.12 $0.00 $830.78 $148,441.51
144 $148,441.51 $677.12 $0.00 $839.31 $149,957.94
145 $149,957.94 $677.12 $0.00 $847.88 $151,482.94
146 $151,482.94 $677.12 $0.00 $856.51 $153,016.57
147 $153,016.57 $677.12 $0.00 $865.18 $154,558.87
148 $154,558.87 $677.12 $0.00 $873.90 $156,109.89
149 $156,109.89 $677.12 $0.00 $882.67 $157,669.68
150 $157,669.68 $677.12 $0.00 $891.49 $159,238.29
151 $159,238.29 $677.12 $0.00 $900.36 $160,815.77
152 $160,815.77 $677.12 $0.00 $909.28 $162,402.17
153 $162,402.17 $677.12 $0.00 $918.25 $163,997.54
154 $163,997.54 $677.12 $0.00 $927.27 $165,601.93
155 $165,601.93 $677.12 $0.00 $936.34 $167,215.39
156 $167,215.39 $677.12 $0.00 $945.46 $168,837.97
157 $168,837.97 $677.12 $0.00 $954.63 $170,469.72
158 $170,469.72 $677.12 $0.00 $963.86 $172,110.70
159 $172,110.70 $677.12 $0.00 $973.14 $173,760.96
160 $173,760.96 $677.12 $0.00 $982.47 $175,420.55
161 $175,420.55 $677.12 $0.00 $991.85 $177,089.52
162 $177,089.52 $677.12 $0.00 $1,001.29 $178,767.93
163 $178,767.93 $677.12 $0.00 $1,010.78 $180,455.83
164 $180,455.83 $677.12 $0.00 $1,020.32 $182,153.27
165 $182,153.27 $677.12 $0.00 $1,029.92 $183,860.31
166 $183,860.31 $677.12 $0.00 $1,039.57 $185,577.00
167 $185,577.00 $677.12 $0.00 $1,049.28 $187,303.40
168 $187,303.40 $677.12 $0.00 $1,059.04 $189,039.56
169 $189,039.56 $677.12 $0.00 $1,068.86 $190,785.54
170 $190,785.54 $677.12 $0.00 $1,078.73 $192,541.39
171 $192,541.39 $677.12 $0.00 $1,088.66 $194,307.17
172 $194,307.17 $677.12 $0.00 $1,098.64 $196,082.93
173 $196,082.93 $677.12 $0.00 $1,108.68 $197,868.73
174 $197,868.73 $677.12 $0.00 $1,118.78 $199,664.63
175 $199,664.63 $677.12 $0.00 $1,128.93 $201,470.68
176 $201,470.68 $677.12 $0.00 $1,139.14 $203,286.94
177 $203,286.94 $677.12 $0.00 $1,149.41 $205,113.47
178 $205,113.47 $677.12 $0.00 $1,159.74 $206,950.33
179 $206,950.33 $677.12 $0.00 $1,170.13 $208,797.58
180 $208,797.58 $677.12 $0.00 $1,180.57 $210,655.27
181 $210,655.27 $677.12 $0.00 $1,191.08 $212,523.47
182 $212,523.47 $677.12 $0.00 $1,201.64 $214,402.23
183 $214,402.23 $677.12 $0.00 $1,212.26 $216,291.61
184 $216,291.61 $677.12 $0.00 $1,222.94 $218,191.67
185 $218,191.67 $677.12 $0.00 $1,233.69 $220,102.48
186 $220,102.48 $677.12 $0.00 $1,244.49 $222,024.09
187 $222,024.09 $677.12 $0.00 $1,255.36 $223,956.57
188 $223,956.57 $677.12 $0.00 $1,266.28 $225,899.97
189 $225,899.97 $677.12 $0.00 $1,277.27 $227,854.36
190 $227,854.36 $677.12 $0.00 $1,288.32 $229,819.80
191 $229,819.80 $677.12 $0.00 $1,299.43 $231,796.35
192 $231,796.35 $677.12 $0.00 $1,310.61 $233,784.08
193 $233,784.08 $677.12 $0.00 $1,321.85 $235,783.05
194 $235,783.05 $677.12 $0.00 $1,333.15 $237,793.32
195 $237,793.32 $677.12 $0.00 $1,344.52 $239,814.96
196 $239,814.96 $677.12 $0.00 $1,355.95 $241,848.03
197 $241,848.03 $677.12 $0.00 $1,367.44 $243,892.59
198 $243,892.59 $677.12 $0.00 $1,379.00 $245,948.71
199 $245,948.71 $677.12 $0.00 $1,390.63 $248,016.46
200 $248,016.46 $677.12 $0.00 $1,402.32 $250,095.90
201 $250,095.90 $677.12 $0.00 $1,414.08 $252,187.10
202 $252,187.10 $677.12 $0.00 $1,425.90 $254,290.12
203 $254,290.12 $677.12 $0.00 $1,437.79 $256,405.03
204 $256,405.03 $677.12 $0.00 $1,449.75 $258,531.90
205 $258,531.90 $677.12 $0.00 $1,461.78 $260,670.80
206 $260,670.80 $677.12 $0.00 $1,473.87 $262,821.79
207 $262,821.79 $677.12 $0.00 $1,486.03 $264,984.94
208 $264,984.94 $677.12 $0.00 $1,498.26 $267,160.32
209 $267,160.32 $677.12 $0.00 $1,510.56 $269,348.00
210 $269,348.00 $677.12 $0.00 $1,522.93 $271,548.05
211 $271,548.05 $677.12 $0.00 $1,535.37 $273,760.54
212 $273,760.54 $677.12 $0.00 $1,547.88 $275,985.54
213 $275,985.54 $677.12 $0.00 $1,560.46 $278,223.12
214 $278,223.12 $677.12 $0.00 $1,573.11 $280,473.35
215 $280,473.35 $677.12 $0.00 $1,585.84 $282,736.31
216 $282,736.31 $677.12 $0.00 $1,598.63 $285,012.06
217 $285,012.06 $677.12 $79,384.74 $1,611.50 $207,915.94
218 $207,915.94 $677.12 $0.00 $1,175.59 $209,768.65
219 $209,768.65 $677.12 $0.00 $1,186.06 $211,631.83
220 $211,631.83 $677.12 $0.00 $1,196.60 $213,505.55
221 $213,505.55 $677.12 $0.00 $1,207.19 $215,389.86
222 $215,389.86 $677.12 $0.00 $1,217.85 $217,284.83
223 $217,284.83 $677.12 $0.00 $1,228.56 $219,190.51
224 $219,190.51 $677.12 $0.00 $1,239.34 $221,106.97
225 $221,106.97 $677.12 $0.00 $1,250.17 $223,034.26
226 $223,034.26 $677.12 $0.00 $1,261.07 $224,972.45
227 $224,972.45 $677.12 $0.00 $1,272.03 $226,921.60
228 $226,921.60 $677.12 $0.00 $1,283.05 $228,881.77
229 $228,881.77 $677.12 $83,353.98 $1,294.13 $147,499.04
230 $147,499.04 $677.12 $0.00 $833.98 $149,010.14
231 $149,010.14 $677.12 $0.00 $842.52 $150,529.78
232 $150,529.78 $677.12 $0.00 $851.12 $152,058.02
233 $152,058.02 $677.12 $0.00 $859.76 $153,594.90
234 $153,594.90 $677.12 $0.00 $868.45 $155,140.47
235 $155,140.47 $677.12 $0.00 $877.19 $156,694.78
236 $156,694.78 $677.12 $0.00 $885.98 $158,257.88
237 $158,257.88 $677.12 $0.00 $894.81 $159,829.81
238 $159,829.81 $677.12 $0.00 $903.70 $161,410.63
239 $161,410.63 $677.12 $0.00 $912.64 $163,000.39
240 $163,000.39 $677.12 $0.00 $921.63 $164,599.14
241 $164,599.14 $677.12 $87,521.68 $930.67 $78,685.25
242 $78,685.25 $677.12 $0.00 $444.90 $79,807.27
243 $79,807.27 $677.12 $0.00 $451.24 $80,935.63
244 $80,935.63 $677.12 $0.00 $457.62 $82,070.37
245 $82,070.37 $677.12 $0.00 $464.04 $83,211.53
246 $83,211.53 $677.12 $0.00 $470.49 $84,359.14
247 $84,359.14 $677.12 $0.00 $476.98 $85,513.24
248 $85,513.24 $677.12 $0.00 $483.50 $86,673.86
249 $86,673.86 $677.12 $0.00 $490.07 $87,841.05
250 $87,841.05 $677.12 $0.00 $496.67 $89,014.84
251 $89,014.84 $677.12 $0.00 $503.30 $90,195.26
252 $90,195.26 $677.12 $0.00 $509.98 $91,382.36
253 $91,382.36 $0.00 $91,897.76 $516.69 $1.29