Savings Plan and Future Cost Estimation for Johnson C Smith University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$128,510
Monthly savings required$1,016

How much will it cost to send your child to Johnson C Smith University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $514,039.73 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,015.64 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$34,254.00
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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Discover how much will you need to start saving now to afford Johnson C Smith University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,015.64 $0.00 $0.00 $1,015.64
2 $1,015.64 $1,015.64 $0.00 $5.74 $2,037.02
3 $2,037.02 $1,015.64 $0.00 $11.52 $3,064.18
4 $3,064.18 $1,015.64 $0.00 $17.33 $4,097.15
5 $4,097.15 $1,015.64 $0.00 $23.17 $5,135.96
6 $5,135.96 $1,015.64 $0.00 $29.04 $6,180.64
7 $6,180.64 $1,015.64 $0.00 $34.95 $7,231.23
8 $7,231.23 $1,015.64 $0.00 $40.89 $8,287.76
9 $8,287.76 $1,015.64 $0.00 $46.86 $9,350.26
10 $9,350.26 $1,015.64 $0.00 $52.87 $10,418.77
11 $10,418.77 $1,015.64 $0.00 $58.91 $11,493.32
12 $11,493.32 $1,015.64 $0.00 $64.98 $12,573.94
13 $12,573.94 $1,015.64 $0.00 $71.09 $13,660.67
14 $13,660.67 $1,015.64 $0.00 $77.24 $14,753.55
15 $14,753.55 $1,015.64 $0.00 $83.42 $15,852.61
16 $15,852.61 $1,015.64 $0.00 $89.63 $16,957.88
17 $16,957.88 $1,015.64 $0.00 $95.88 $18,069.40
18 $18,069.40 $1,015.64 $0.00 $102.17 $19,187.21
19 $19,187.21 $1,015.64 $0.00 $108.49 $20,311.34
20 $20,311.34 $1,015.64 $0.00 $114.84 $21,441.82
21 $21,441.82 $1,015.64 $0.00 $121.24 $22,578.70
22 $22,578.70 $1,015.64 $0.00 $127.66 $23,722.00
23 $23,722.00 $1,015.64 $0.00 $134.13 $24,871.77
24 $24,871.77 $1,015.64 $0.00 $140.63 $26,028.04
25 $26,028.04 $1,015.64 $0.00 $147.17 $27,190.85
26 $27,190.85 $1,015.64 $0.00 $153.74 $28,360.23
27 $28,360.23 $1,015.64 $0.00 $160.35 $29,536.22
28 $29,536.22 $1,015.64 $0.00 $167.00 $30,718.86
29 $30,718.86 $1,015.64 $0.00 $173.69 $31,908.19
30 $31,908.19 $1,015.64 $0.00 $180.41 $33,104.24
31 $33,104.24 $1,015.64 $0.00 $187.18 $34,307.06
32 $34,307.06 $1,015.64 $0.00 $193.98 $35,516.68
33 $35,516.68 $1,015.64 $0.00 $200.82 $36,733.14
34 $36,733.14 $1,015.64 $0.00 $207.69 $37,956.47
35 $37,956.47 $1,015.64 $0.00 $214.61 $39,186.72
36 $39,186.72 $1,015.64 $0.00 $221.57 $40,423.93
37 $40,423.93 $1,015.64 $0.00 $228.56 $41,668.13
38 $41,668.13 $1,015.64 $0.00 $235.60 $42,919.37
39 $42,919.37 $1,015.64 $0.00 $242.67 $44,177.68
40 $44,177.68 $1,015.64 $0.00 $249.79 $45,443.11
41 $45,443.11 $1,015.64 $0.00 $256.94 $46,715.69
42 $46,715.69 $1,015.64 $0.00 $264.14 $47,995.47
43 $47,995.47 $1,015.64 $0.00 $271.37 $49,282.48
44 $49,282.48 $1,015.64 $0.00 $278.65 $50,576.77
45 $50,576.77 $1,015.64 $0.00 $285.97 $51,878.38
46 $51,878.38 $1,015.64 $0.00 $293.33 $53,187.35
47 $53,187.35 $1,015.64 $0.00 $300.73 $54,503.72
48 $54,503.72 $1,015.64 $0.00 $308.17 $55,827.53
49 $55,827.53 $1,015.64 $0.00 $315.66 $57,158.83
50 $57,158.83 $1,015.64 $0.00 $323.18 $58,497.65
51 $58,497.65 $1,015.64 $0.00 $330.75 $59,844.04
52 $59,844.04 $1,015.64 $0.00 $338.37 $61,198.05
53 $61,198.05 $1,015.64 $0.00 $346.02 $62,559.71
54 $62,559.71 $1,015.64 $0.00 $353.72 $63,929.07
55 $63,929.07 $1,015.64 $0.00 $361.46 $65,306.17
56 $65,306.17 $1,015.64 $0.00 $369.25 $66,691.06
57 $66,691.06 $1,015.64 $0.00 $377.08 $68,083.78
58 $68,083.78 $1,015.64 $0.00 $384.96 $69,484.38
59 $69,484.38 $1,015.64 $0.00 $392.87 $70,892.89
60 $70,892.89 $1,015.64 $0.00 $400.84 $72,309.37
61 $72,309.37 $1,015.64 $0.00 $408.85 $73,733.86
62 $73,733.86 $1,015.64 $0.00 $416.90 $75,166.40
63 $75,166.40 $1,015.64 $0.00 $425.00 $76,607.04
64 $76,607.04 $1,015.64 $0.00 $433.15 $78,055.83
65 $78,055.83 $1,015.64 $0.00 $441.34 $79,512.81
66 $79,512.81 $1,015.64 $0.00 $449.58 $80,978.03
67 $80,978.03 $1,015.64 $0.00 $457.86 $82,451.53
68 $82,451.53 $1,015.64 $0.00 $466.19 $83,933.36
69 $83,933.36 $1,015.64 $0.00 $474.57 $85,423.57
70 $85,423.57 $1,015.64 $0.00 $483.00 $86,922.21
71 $86,922.21 $1,015.64 $0.00 $491.47 $88,429.32
72 $88,429.32 $1,015.64 $0.00 $499.99 $89,944.95
73 $89,944.95 $1,015.64 $0.00 $508.56 $91,469.15
74 $91,469.15 $1,015.64 $0.00 $517.18 $93,001.97
75 $93,001.97 $1,015.64 $0.00 $525.85 $94,543.46
76 $94,543.46 $1,015.64 $0.00 $534.56 $96,093.66
77 $96,093.66 $1,015.64 $0.00 $543.33 $97,652.63
78 $97,652.63 $1,015.64 $0.00 $552.14 $99,220.41
79 $99,220.41 $1,015.64 $0.00 $561.01 $100,797.06
80 $100,797.06 $1,015.64 $0.00 $569.92 $102,382.62
81 $102,382.62 $1,015.64 $0.00 $578.89 $103,977.15
82 $103,977.15 $1,015.64 $0.00 $587.90 $105,580.69
83 $105,580.69 $1,015.64 $0.00 $596.97 $107,193.30
84 $107,193.30 $1,015.64 $0.00 $606.09 $108,815.03
85 $108,815.03 $1,015.64 $0.00 $615.26 $110,445.93
86 $110,445.93 $1,015.64 $0.00 $624.48 $112,086.05
87 $112,086.05 $1,015.64 $0.00 $633.75 $113,735.44
88 $113,735.44 $1,015.64 $0.00 $643.08 $115,394.16
89 $115,394.16 $1,015.64 $0.00 $652.46 $117,062.26
90 $117,062.26 $1,015.64 $0.00 $661.89 $118,739.79
91 $118,739.79 $1,015.64 $0.00 $671.37 $120,426.80
92 $120,426.80 $1,015.64 $0.00 $680.91 $122,123.35
93 $122,123.35 $1,015.64 $0.00 $690.50 $123,829.49
94 $123,829.49 $1,015.64 $0.00 $700.15 $125,545.28
95 $125,545.28 $1,015.64 $0.00 $709.85 $127,270.77
96 $127,270.77 $1,015.64 $0.00 $719.61 $129,006.02
97 $129,006.02 $1,015.64 $0.00 $729.42 $130,751.08
98 $130,751.08 $1,015.64 $0.00 $739.29 $132,506.01
99 $132,506.01 $1,015.64 $0.00 $749.21 $134,270.86
100 $134,270.86 $1,015.64 $0.00 $759.19 $136,045.69
101 $136,045.69 $1,015.64 $0.00 $769.22 $137,830.55
102 $137,830.55 $1,015.64 $0.00 $779.31 $139,625.50
103 $139,625.50 $1,015.64 $0.00 $789.46 $141,430.60
104 $141,430.60 $1,015.64 $0.00 $799.67 $143,245.91
105 $143,245.91 $1,015.64 $0.00 $809.93 $145,071.48
106 $145,071.48 $1,015.64 $0.00 $820.26 $146,907.38
107 $146,907.38 $1,015.64 $0.00 $830.64 $148,753.66
108 $148,753.66 $1,015.64 $0.00 $841.07 $150,610.37
109 $150,610.37 $1,015.64 $0.00 $851.57 $152,477.58
110 $152,477.58 $1,015.64 $0.00 $862.13 $154,355.35
111 $154,355.35 $1,015.64 $0.00 $872.75 $156,243.74
112 $156,243.74 $1,015.64 $0.00 $883.42 $158,142.80
113 $158,142.80 $1,015.64 $0.00 $894.16 $160,052.60
114 $160,052.60 $1,015.64 $0.00 $904.96 $161,973.20
115 $161,973.20 $1,015.64 $0.00 $915.82 $163,904.66
116 $163,904.66 $1,015.64 $0.00 $926.74 $165,847.04
117 $165,847.04 $1,015.64 $0.00 $937.72 $167,800.40
118 $167,800.40 $1,015.64 $0.00 $948.77 $169,764.81
119 $169,764.81 $1,015.64 $0.00 $959.87 $171,740.32
120 $171,740.32 $1,015.64 $0.00 $971.04 $173,727.00
121 $173,727.00 $1,015.64 $0.00 $982.28 $175,724.92
122 $175,724.92 $1,015.64 $0.00 $993.57 $177,734.13
123 $177,734.13 $1,015.64 $0.00 $1,004.93 $179,754.70
124 $179,754.70 $1,015.64 $0.00 $1,016.36 $181,786.70
125 $181,786.70 $1,015.64 $0.00 $1,027.85 $183,830.19
126 $183,830.19 $1,015.64 $0.00 $1,039.40 $185,885.23
127 $185,885.23 $1,015.64 $0.00 $1,051.02 $187,951.89
128 $187,951.89 $1,015.64 $0.00 $1,062.71 $190,030.24
129 $190,030.24 $1,015.64 $0.00 $1,074.46 $192,120.34
130 $192,120.34 $1,015.64 $0.00 $1,086.28 $194,222.26
131 $194,222.26 $1,015.64 $0.00 $1,098.16 $196,336.06
132 $196,336.06 $1,015.64 $0.00 $1,110.11 $198,461.81
133 $198,461.81 $1,015.64 $0.00 $1,122.13 $200,599.58
134 $200,599.58 $1,015.64 $0.00 $1,134.22 $202,749.44
135 $202,749.44 $1,015.64 $0.00 $1,146.37 $204,911.45
136 $204,911.45 $1,015.64 $0.00 $1,158.60 $207,085.69
137 $207,085.69 $1,015.64 $0.00 $1,170.89 $209,272.22
138 $209,272.22 $1,015.64 $0.00 $1,183.26 $211,471.12
139 $211,471.12 $1,015.64 $0.00 $1,195.69 $213,682.45
140 $213,682.45 $1,015.64 $0.00 $1,208.19 $215,906.28
141 $215,906.28 $1,015.64 $0.00 $1,220.77 $218,142.69
142 $218,142.69 $1,015.64 $0.00 $1,233.41 $220,391.74
143 $220,391.74 $1,015.64 $0.00 $1,246.13 $222,653.51
144 $222,653.51 $1,015.64 $0.00 $1,258.92 $224,928.07
145 $224,928.07 $1,015.64 $0.00 $1,271.78 $227,215.49
146 $227,215.49 $1,015.64 $0.00 $1,284.71 $229,515.84
147 $229,515.84 $1,015.64 $0.00 $1,297.72 $231,829.20
148 $231,829.20 $1,015.64 $0.00 $1,310.80 $234,155.64
149 $234,155.64 $1,015.64 $0.00 $1,323.95 $236,495.23
150 $236,495.23 $1,015.64 $0.00 $1,337.18 $238,848.05
151 $238,848.05 $1,015.64 $0.00 $1,350.48 $241,214.17
152 $241,214.17 $1,015.64 $0.00 $1,363.86 $243,593.67
153 $243,593.67 $1,015.64 $0.00 $1,377.31 $245,986.62
154 $245,986.62 $1,015.64 $0.00 $1,390.84 $248,393.10
155 $248,393.10 $1,015.64 $0.00 $1,404.45 $250,813.19
156 $250,813.19 $1,015.64 $0.00 $1,418.13 $253,246.96
157 $253,246.96 $1,015.64 $0.00 $1,431.90 $255,694.50
158 $255,694.50 $1,015.64 $0.00 $1,445.73 $258,155.87
159 $258,155.87 $1,015.64 $0.00 $1,459.65 $260,631.16
160 $260,631.16 $1,015.64 $0.00 $1,473.65 $263,120.45
161 $263,120.45 $1,015.64 $0.00 $1,487.72 $265,623.81
162 $265,623.81 $1,015.64 $0.00 $1,501.88 $268,141.33
163 $268,141.33 $1,015.64 $0.00 $1,516.11 $270,673.08
164 $270,673.08 $1,015.64 $0.00 $1,530.42 $273,219.14
165 $273,219.14 $1,015.64 $0.00 $1,544.82 $275,779.60
166 $275,779.60 $1,015.64 $0.00 $1,559.30 $278,354.54
167 $278,354.54 $1,015.64 $0.00 $1,573.86 $280,944.04
168 $280,944.04 $1,015.64 $0.00 $1,588.50 $283,548.18
169 $283,548.18 $1,015.64 $0.00 $1,603.22 $286,167.04
170 $286,167.04 $1,015.64 $0.00 $1,618.03 $288,800.71
171 $288,800.71 $1,015.64 $0.00 $1,632.92 $291,449.27
172 $291,449.27 $1,015.64 $0.00 $1,647.90 $294,112.81
173 $294,112.81 $1,015.64 $0.00 $1,662.96 $296,791.41
174 $296,791.41 $1,015.64 $0.00 $1,678.10 $299,485.15
175 $299,485.15 $1,015.64 $0.00 $1,693.33 $302,194.12
176 $302,194.12 $1,015.64 $0.00 $1,708.65 $304,918.41
177 $304,918.41 $1,015.64 $0.00 $1,724.05 $307,658.10
178 $307,658.10 $1,015.64 $0.00 $1,739.54 $310,413.28
179 $310,413.28 $1,015.64 $0.00 $1,755.12 $313,184.04
180 $313,184.04 $1,015.64 $0.00 $1,770.79 $315,970.47
181 $315,970.47 $1,015.64 $0.00 $1,786.54 $318,772.65
182 $318,772.65 $1,015.64 $0.00 $1,802.39 $321,590.68
183 $321,590.68 $1,015.64 $0.00 $1,818.32 $324,424.64
184 $324,424.64 $1,015.64 $0.00 $1,834.34 $327,274.62
185 $327,274.62 $1,015.64 $0.00 $1,850.46 $330,140.72
186 $330,140.72 $1,015.64 $0.00 $1,866.66 $333,023.02
187 $333,023.02 $1,015.64 $0.00 $1,882.96 $335,921.62
188 $335,921.62 $1,015.64 $0.00 $1,899.35 $338,836.61
189 $338,836.61 $1,015.64 $0.00 $1,915.83 $341,768.08
190 $341,768.08 $1,015.64 $0.00 $1,932.41 $344,716.13
191 $344,716.13 $1,015.64 $0.00 $1,949.08 $347,680.85
192 $347,680.85 $1,015.64 $0.00 $1,965.84 $350,662.33
193 $350,662.33 $1,015.64 $0.00 $1,982.70 $353,660.67
194 $353,660.67 $1,015.64 $0.00 $1,999.65 $356,675.96
195 $356,675.96 $1,015.64 $0.00 $2,016.70 $359,708.30
196 $359,708.30 $1,015.64 $0.00 $2,033.84 $362,757.78
197 $362,757.78 $1,015.64 $0.00 $2,051.09 $365,824.51
198 $365,824.51 $1,015.64 $0.00 $2,068.42 $368,908.57
199 $368,908.57 $1,015.64 $0.00 $2,085.86 $372,010.07
200 $372,010.07 $1,015.64 $0.00 $2,103.40 $375,129.11
201 $375,129.11 $1,015.64 $0.00 $2,121.03 $378,265.78
202 $378,265.78 $1,015.64 $0.00 $2,138.77 $381,420.19
203 $381,420.19 $1,015.64 $0.00 $2,156.61 $384,592.44
204 $384,592.44 $1,015.64 $0.00 $2,174.54 $387,782.62
205 $387,782.62 $1,015.64 $0.00 $2,192.58 $390,990.84
206 $390,990.84 $1,015.64 $0.00 $2,210.72 $394,217.20
207 $394,217.20 $1,015.64 $0.00 $2,228.96 $397,461.80
208 $397,461.80 $1,015.64 $0.00 $2,247.31 $400,724.75
209 $400,724.75 $1,015.64 $0.00 $2,265.76 $404,006.15
210 $404,006.15 $1,015.64 $0.00 $2,284.31 $407,306.10
211 $407,306.10 $1,015.64 $0.00 $2,302.97 $410,624.71
212 $410,624.71 $1,015.64 $0.00 $2,321.73 $413,962.08
213 $413,962.08 $1,015.64 $0.00 $2,340.60 $417,318.32
214 $417,318.32 $1,015.64 $0.00 $2,359.58 $420,693.54
215 $420,693.54 $1,015.64 $0.00 $2,378.66 $424,087.84
216 $424,087.84 $1,015.64 $0.00 $2,397.85 $427,501.33
217 $427,501.33 $1,015.64 $115,776.20 $2,417.15 $315,157.92
218 $315,157.92 $1,015.64 $0.00 $1,781.95 $317,955.51
219 $317,955.51 $1,015.64 $0.00 $1,797.77 $320,768.92
220 $320,768.92 $1,015.64 $0.00 $1,813.67 $323,598.23
221 $323,598.23 $1,015.64 $0.00 $1,829.67 $326,443.54
222 $326,443.54 $1,015.64 $0.00 $1,845.76 $329,304.94
223 $329,304.94 $1,015.64 $0.00 $1,861.94 $332,182.52
224 $332,182.52 $1,015.64 $0.00 $1,878.21 $335,076.37
225 $335,076.37 $1,015.64 $0.00 $1,894.57 $337,986.58
226 $337,986.58 $1,015.64 $0.00 $1,911.03 $340,913.25
227 $340,913.25 $1,015.64 $0.00 $1,927.57 $343,856.46
228 $343,856.46 $1,015.64 $0.00 $1,944.21 $346,816.31
229 $346,816.31 $1,015.64 $123,880.53 $1,960.95 $225,912.37
230 $225,912.37 $1,015.64 $0.00 $1,277.34 $228,205.35
231 $228,205.35 $1,015.64 $0.00 $1,290.31 $230,511.30
232 $230,511.30 $1,015.64 $0.00 $1,303.34 $232,830.28
233 $232,830.28 $1,015.64 $0.00 $1,316.46 $235,162.38
234 $235,162.38 $1,015.64 $0.00 $1,329.64 $237,507.66
235 $237,507.66 $1,015.64 $0.00 $1,342.90 $239,866.20
236 $239,866.20 $1,015.64 $0.00 $1,356.24 $242,238.08
237 $242,238.08 $1,015.64 $0.00 $1,369.65 $244,623.37
238 $244,623.37 $1,015.64 $0.00 $1,383.14 $247,022.15
239 $247,022.15 $1,015.64 $0.00 $1,396.70 $249,434.49
240 $249,434.49 $1,015.64 $0.00 $1,410.34 $251,860.47
241 $251,860.47 $1,015.64 $132,552.17 $1,424.06 $121,748.00
242 $121,748.00 $1,015.64 $0.00 $688.38 $123,452.02
243 $123,452.02 $1,015.64 $0.00 $698.02 $125,165.68
244 $125,165.68 $1,015.64 $0.00 $707.70 $126,889.02
245 $126,889.02 $1,015.64 $0.00 $717.45 $128,622.11
246 $128,622.11 $1,015.64 $0.00 $727.25 $130,365.00
247 $130,365.00 $1,015.64 $0.00 $737.10 $132,117.74
248 $132,117.74 $1,015.64 $0.00 $747.01 $133,880.39
249 $133,880.39 $1,015.64 $0.00 $756.98 $135,653.01
250 $135,653.01 $1,015.64 $0.00 $767.00 $137,435.65
251 $137,435.65 $1,015.64 $0.00 $777.08 $139,228.37
252 $139,228.37 $1,015.64 $0.00 $787.22 $141,031.23
253 $141,031.23 $0.00 $141,830.82 $797.41 -$2.18