Savings Plan and Future Cost Estimation for North Carolina Wesleyan College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$121,170
Monthly savings required$959

How much will it cost to send your child to North Carolina Wesleyan College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $484,680.84 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $959.17 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$46,726.00
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 $959.17 $0.00 $0.00 $959.17
2 $959.17 $959.17 $0.00 $5.42 $1,923.76
3 $1,923.76 $959.17 $0.00 $10.88 $2,893.81
4 $2,893.81 $959.17 $0.00 $16.36 $3,869.34
5 $3,869.34 $959.17 $0.00 $21.88 $4,850.39
6 $4,850.39 $959.17 $0.00 $27.42 $5,836.98
7 $5,836.98 $959.17 $0.00 $33.00 $6,829.15
8 $6,829.15 $959.17 $0.00 $38.61 $7,826.93
9 $7,826.93 $959.17 $0.00 $44.25 $8,830.35
10 $8,830.35 $959.17 $0.00 $49.93 $9,839.45
11 $9,839.45 $959.17 $0.00 $55.63 $10,854.25
12 $10,854.25 $959.17 $0.00 $61.37 $11,874.79
13 $11,874.79 $959.17 $0.00 $67.14 $12,901.10
14 $12,901.10 $959.17 $0.00 $72.94 $13,933.21
15 $13,933.21 $959.17 $0.00 $78.78 $14,971.16
16 $14,971.16 $959.17 $0.00 $84.65 $16,014.98
17 $16,014.98 $959.17 $0.00 $90.55 $17,064.70
18 $17,064.70 $959.17 $0.00 $96.49 $18,120.36
19 $18,120.36 $959.17 $0.00 $102.46 $19,181.99
20 $19,181.99 $959.17 $0.00 $108.46 $20,249.62
21 $20,249.62 $959.17 $0.00 $114.49 $21,323.28
22 $21,323.28 $959.17 $0.00 $120.56 $22,403.01
23 $22,403.01 $959.17 $0.00 $126.67 $23,488.85
24 $23,488.85 $959.17 $0.00 $132.81 $24,580.83
25 $24,580.83 $959.17 $0.00 $138.98 $25,678.98
26 $25,678.98 $959.17 $0.00 $145.19 $26,783.34
27 $26,783.34 $959.17 $0.00 $151.44 $27,893.95
28 $27,893.95 $959.17 $0.00 $157.72 $29,010.84
29 $29,010.84 $959.17 $0.00 $164.03 $30,134.04
30 $30,134.04 $959.17 $0.00 $170.38 $31,263.59
31 $31,263.59 $959.17 $0.00 $176.77 $32,399.53
32 $32,399.53 $959.17 $0.00 $183.19 $33,541.89
33 $33,541.89 $959.17 $0.00 $189.65 $34,690.71
34 $34,690.71 $959.17 $0.00 $196.15 $35,846.03
35 $35,846.03 $959.17 $0.00 $202.68 $37,007.88
36 $37,007.88 $959.17 $0.00 $209.25 $38,176.30
37 $38,176.30 $959.17 $0.00 $215.85 $39,351.32
38 $39,351.32 $959.17 $0.00 $222.50 $40,532.99
39 $40,532.99 $959.17 $0.00 $229.18 $41,721.34
40 $41,721.34 $959.17 $0.00 $235.90 $42,916.41
41 $42,916.41 $959.17 $0.00 $242.66 $44,118.24
42 $44,118.24 $959.17 $0.00 $249.45 $45,326.86
43 $45,326.86 $959.17 $0.00 $256.28 $46,542.31
44 $46,542.31 $959.17 $0.00 $263.16 $47,764.64
45 $47,764.64 $959.17 $0.00 $270.07 $48,993.88
46 $48,993.88 $959.17 $0.00 $277.02 $50,230.07
47 $50,230.07 $959.17 $0.00 $284.01 $51,473.25
48 $51,473.25 $959.17 $0.00 $291.04 $52,723.46
49 $52,723.46 $959.17 $0.00 $298.11 $53,980.74
50 $53,980.74 $959.17 $0.00 $305.21 $55,245.12
51 $55,245.12 $959.17 $0.00 $312.36 $56,516.65
52 $56,516.65 $959.17 $0.00 $319.55 $57,795.37
53 $57,795.37 $959.17 $0.00 $326.78 $59,081.32
54 $59,081.32 $959.17 $0.00 $334.05 $60,374.54
55 $60,374.54 $959.17 $0.00 $341.37 $61,675.08
56 $61,675.08 $959.17 $0.00 $348.72 $62,982.97
57 $62,982.97 $959.17 $0.00 $356.11 $64,298.25
58 $64,298.25 $959.17 $0.00 $363.55 $65,620.97
59 $65,620.97 $959.17 $0.00 $371.03 $66,951.17
60 $66,951.17 $959.17 $0.00 $378.55 $68,288.89
61 $68,288.89 $959.17 $0.00 $386.12 $69,634.18
62 $69,634.18 $959.17 $0.00 $393.72 $70,987.07
63 $70,987.07 $959.17 $0.00 $401.37 $72,347.61
64 $72,347.61 $959.17 $0.00 $409.06 $73,715.84
65 $73,715.84 $959.17 $0.00 $416.80 $75,091.81
66 $75,091.81 $959.17 $0.00 $424.58 $76,475.56
67 $76,475.56 $959.17 $0.00 $432.40 $77,867.13
68 $77,867.13 $959.17 $0.00 $440.27 $79,266.57
69 $79,266.57 $959.17 $0.00 $448.18 $80,673.92
70 $80,673.92 $959.17 $0.00 $456.14 $82,089.23
71 $82,089.23 $959.17 $0.00 $464.14 $83,512.54
72 $83,512.54 $959.17 $0.00 $472.19 $84,943.90
73 $84,943.90 $959.17 $0.00 $480.29 $86,383.36
74 $86,383.36 $959.17 $0.00 $488.42 $87,830.95
75 $87,830.95 $959.17 $0.00 $496.61 $89,286.73
76 $89,286.73 $959.17 $0.00 $504.84 $90,750.74
77 $90,750.74 $959.17 $0.00 $513.12 $92,223.03
78 $92,223.03 $959.17 $0.00 $521.44 $93,703.64
79 $93,703.64 $959.17 $0.00 $529.81 $95,192.62
80 $95,192.62 $959.17 $0.00 $538.23 $96,690.02
81 $96,690.02 $959.17 $0.00 $546.70 $98,195.89
82 $98,195.89 $959.17 $0.00 $555.21 $99,710.27
83 $99,710.27 $959.17 $0.00 $563.78 $101,233.22
84 $101,233.22 $959.17 $0.00 $572.39 $102,764.78
85 $102,764.78 $959.17 $0.00 $581.05 $104,305.00
86 $104,305.00 $959.17 $0.00 $589.76 $105,853.93
87 $105,853.93 $959.17 $0.00 $598.51 $107,411.61
88 $107,411.61 $959.17 $0.00 $607.32 $108,978.10
89 $108,978.10 $959.17 $0.00 $616.18 $110,553.45
90 $110,553.45 $959.17 $0.00 $625.09 $112,137.71
91 $112,137.71 $959.17 $0.00 $634.04 $113,730.92
92 $113,730.92 $959.17 $0.00 $643.05 $115,333.14
93 $115,333.14 $959.17 $0.00 $652.11 $116,944.42
94 $116,944.42 $959.17 $0.00 $661.22 $118,564.81
95 $118,564.81 $959.17 $0.00 $670.38 $120,194.36
96 $120,194.36 $959.17 $0.00 $679.60 $121,833.13
97 $121,833.13 $959.17 $0.00 $688.86 $123,481.16
98 $123,481.16 $959.17 $0.00 $698.18 $125,138.51
99 $125,138.51 $959.17 $0.00 $707.55 $126,805.23
100 $126,805.23 $959.17 $0.00 $716.98 $128,481.38
101 $128,481.38 $959.17 $0.00 $726.45 $130,167.00
102 $130,167.00 $959.17 $0.00 $735.98 $131,862.15
103 $131,862.15 $959.17 $0.00 $745.57 $133,566.89
104 $133,566.89 $959.17 $0.00 $755.21 $135,281.27
105 $135,281.27 $959.17 $0.00 $764.90 $137,005.34
106 $137,005.34 $959.17 $0.00 $774.65 $138,739.16
107 $138,739.16 $959.17 $0.00 $784.45 $140,482.78
108 $140,482.78 $959.17 $0.00 $794.31 $142,236.26
109 $142,236.26 $959.17 $0.00 $804.22 $143,999.65
110 $143,999.65 $959.17 $0.00 $814.19 $145,773.01
111 $145,773.01 $959.17 $0.00 $824.22 $147,556.40
112 $147,556.40 $959.17 $0.00 $834.31 $149,349.88
113 $149,349.88 $959.17 $0.00 $844.45 $151,153.50
114 $151,153.50 $959.17 $0.00 $854.64 $152,967.31
115 $152,967.31 $959.17 $0.00 $864.90 $154,791.38
116 $154,791.38 $959.17 $0.00 $875.21 $156,625.76
117 $156,625.76 $959.17 $0.00 $885.58 $158,470.51
118 $158,470.51 $959.17 $0.00 $896.02 $160,325.70
119 $160,325.70 $959.17 $0.00 $906.50 $162,191.37
120 $162,191.37 $959.17 $0.00 $917.05 $164,067.59
121 $164,067.59 $959.17 $0.00 $927.66 $165,954.42
122 $165,954.42 $959.17 $0.00 $938.33 $167,851.92
123 $167,851.92 $959.17 $0.00 $949.06 $169,760.15
124 $169,760.15 $959.17 $0.00 $959.85 $171,679.17
125 $171,679.17 $959.17 $0.00 $970.70 $173,609.04
126 $173,609.04 $959.17 $0.00 $981.61 $175,549.82
127 $175,549.82 $959.17 $0.00 $992.58 $177,501.57
128 $177,501.57 $959.17 $0.00 $1,003.62 $179,464.36
129 $179,464.36 $959.17 $0.00 $1,014.72 $181,438.25
130 $181,438.25 $959.17 $0.00 $1,025.88 $183,423.30
131 $183,423.30 $959.17 $0.00 $1,037.10 $185,419.57
132 $185,419.57 $959.17 $0.00 $1,048.39 $187,427.13
133 $187,427.13 $959.17 $0.00 $1,059.74 $189,446.04
134 $189,446.04 $959.17 $0.00 $1,071.16 $191,476.37
135 $191,476.37 $959.17 $0.00 $1,082.64 $193,518.18
136 $193,518.18 $959.17 $0.00 $1,094.18 $195,571.53
137 $195,571.53 $959.17 $0.00 $1,105.79 $197,636.49
138 $197,636.49 $959.17 $0.00 $1,117.47 $199,713.13
139 $199,713.13 $959.17 $0.00 $1,129.21 $201,801.51
140 $201,801.51 $959.17 $0.00 $1,141.02 $203,901.70
141 $203,901.70 $959.17 $0.00 $1,152.89 $206,013.76
142 $206,013.76 $959.17 $0.00 $1,164.83 $208,137.76
143 $208,137.76 $959.17 $0.00 $1,176.84 $210,273.77
144 $210,273.77 $959.17 $0.00 $1,188.92 $212,421.86
145 $212,421.86 $959.17 $0.00 $1,201.06 $214,582.09
146 $214,582.09 $959.17 $0.00 $1,213.28 $216,754.54
147 $216,754.54 $959.17 $0.00 $1,225.56 $218,939.27
148 $218,939.27 $959.17 $0.00 $1,237.91 $221,136.35
149 $221,136.35 $959.17 $0.00 $1,250.34 $223,345.86
150 $223,345.86 $959.17 $0.00 $1,262.83 $225,567.86
151 $225,567.86 $959.17 $0.00 $1,275.39 $227,802.42
152 $227,802.42 $959.17 $0.00 $1,288.03 $230,049.62
153 $230,049.62 $959.17 $0.00 $1,300.73 $232,309.52
154 $232,309.52 $959.17 $0.00 $1,313.51 $234,582.20
155 $234,582.20 $959.17 $0.00 $1,326.36 $236,867.73
156 $236,867.73 $959.17 $0.00 $1,339.28 $239,166.18
157 $239,166.18 $959.17 $0.00 $1,352.28 $241,477.63
158 $241,477.63 $959.17 $0.00 $1,365.35 $243,802.15
159 $243,802.15 $959.17 $0.00 $1,378.49 $246,139.81
160 $246,139.81 $959.17 $0.00 $1,391.71 $248,490.69
161 $248,490.69 $959.17 $0.00 $1,405.00 $250,854.86
162 $250,854.86 $959.17 $0.00 $1,418.37 $253,232.40
163 $253,232.40 $959.17 $0.00 $1,431.81 $255,623.38
164 $255,623.38 $959.17 $0.00 $1,445.33 $258,027.88
165 $258,027.88 $959.17 $0.00 $1,458.93 $260,445.98
166 $260,445.98 $959.17 $0.00 $1,472.60 $262,877.75
167 $262,877.75 $959.17 $0.00 $1,486.35 $265,323.27
168 $265,323.27 $959.17 $0.00 $1,500.18 $267,782.62
169 $267,782.62 $959.17 $0.00 $1,514.08 $270,255.87
170 $270,255.87 $959.17 $0.00 $1,528.07 $272,743.11
171 $272,743.11 $959.17 $0.00 $1,542.13 $275,244.41
172 $275,244.41 $959.17 $0.00 $1,556.27 $277,759.85
173 $277,759.85 $959.17 $0.00 $1,570.49 $280,289.51
174 $280,289.51 $959.17 $0.00 $1,584.80 $282,833.48
175 $282,833.48 $959.17 $0.00 $1,599.18 $285,391.83
176 $285,391.83 $959.17 $0.00 $1,613.65 $287,964.65
177 $287,964.65 $959.17 $0.00 $1,628.19 $290,552.01
178 $290,552.01 $959.17 $0.00 $1,642.82 $293,154.00
179 $293,154.00 $959.17 $0.00 $1,657.54 $295,770.71
180 $295,770.71 $959.17 $0.00 $1,672.33 $298,402.21
181 $298,402.21 $959.17 $0.00 $1,687.21 $301,048.59
182 $301,048.59 $959.17 $0.00 $1,702.17 $303,709.93
183 $303,709.93 $959.17 $0.00 $1,717.22 $306,386.32
184 $306,386.32 $959.17 $0.00 $1,732.35 $309,077.84
185 $309,077.84 $959.17 $0.00 $1,747.57 $311,784.58
186 $311,784.58 $959.17 $0.00 $1,762.88 $314,506.63
187 $314,506.63 $959.17 $0.00 $1,778.27 $317,244.07
188 $317,244.07 $959.17 $0.00 $1,793.74 $319,996.98
189 $319,996.98 $959.17 $0.00 $1,809.31 $322,765.46
190 $322,765.46 $959.17 $0.00 $1,824.96 $325,549.59
191 $325,549.59 $959.17 $0.00 $1,840.70 $328,349.46
192 $328,349.46 $959.17 $0.00 $1,856.54 $331,165.17
193 $331,165.17 $959.17 $0.00 $1,872.46 $333,996.80
194 $333,996.80 $959.17 $0.00 $1,888.47 $336,844.44
195 $336,844.44 $959.17 $0.00 $1,904.57 $339,708.18
196 $339,708.18 $959.17 $0.00 $1,920.76 $342,588.11
197 $342,588.11 $959.17 $0.00 $1,937.04 $345,484.32
198 $345,484.32 $959.17 $0.00 $1,953.42 $348,396.91
199 $348,396.91 $959.17 $0.00 $1,969.89 $351,325.97
200 $351,325.97 $959.17 $0.00 $1,986.45 $354,271.59
201 $354,271.59 $959.17 $0.00 $2,003.10 $357,233.86
202 $357,233.86 $959.17 $0.00 $2,019.85 $360,212.88
203 $360,212.88 $959.17 $0.00 $2,036.70 $363,208.75
204 $363,208.75 $959.17 $0.00 $2,053.64 $366,221.56
205 $366,221.56 $959.17 $0.00 $2,070.67 $369,251.40
206 $369,251.40 $959.17 $0.00 $2,087.80 $372,298.37
207 $372,298.37 $959.17 $0.00 $2,105.03 $375,362.57
208 $375,362.57 $959.17 $0.00 $2,122.35 $378,444.09
209 $378,444.09 $959.17 $0.00 $2,139.78 $381,543.04
210 $381,543.04 $959.17 $0.00 $2,157.30 $384,659.51
211 $384,659.51 $959.17 $0.00 $2,174.92 $387,793.60
212 $387,793.60 $959.17 $0.00 $2,192.64 $390,945.41
213 $390,945.41 $959.17 $0.00 $2,210.46 $394,115.04
214 $394,115.04 $959.17 $0.00 $2,228.38 $397,302.59
215 $397,302.59 $959.17 $0.00 $2,246.41 $400,508.17
216 $400,508.17 $959.17 $0.00 $2,264.53 $403,731.87
217 $403,731.87 $959.17 $112,451.69 $2,282.76 $294,522.11
218 $294,522.11 $959.17 $0.00 $1,665.27 $297,146.55
219 $297,146.55 $959.17 $0.00 $1,680.11 $299,785.83
220 $299,785.83 $959.17 $0.00 $1,695.03 $302,440.03
221 $302,440.03 $959.17 $0.00 $1,710.04 $305,109.24
222 $305,109.24 $959.17 $0.00 $1,725.13 $307,793.54
223 $307,793.54 $959.17 $0.00 $1,740.31 $310,493.02
224 $310,493.02 $959.17 $0.00 $1,755.57 $313,207.76
225 $313,207.76 $959.17 $0.00 $1,770.92 $315,937.85
226 $315,937.85 $959.17 $0.00 $1,786.36 $318,683.38
227 $318,683.38 $959.17 $0.00 $1,801.88 $321,444.43
228 $321,444.43 $959.17 $0.00 $1,817.49 $324,221.09
229 $324,221.09 $959.17 $118,074.27 $1,833.19 $208,939.18
230 $208,939.18 $959.17 $0.00 $1,181.37 $211,079.72
231 $211,079.72 $959.17 $0.00 $1,193.48 $213,232.37
232 $213,232.37 $959.17 $0.00 $1,205.65 $215,397.19
233 $215,397.19 $959.17 $0.00 $1,217.89 $217,574.25
234 $217,574.25 $959.17 $0.00 $1,230.20 $219,763.62
235 $219,763.62 $959.17 $0.00 $1,242.58 $221,965.37
236 $221,965.37 $959.17 $0.00 $1,255.02 $224,179.56
237 $224,179.56 $959.17 $0.00 $1,267.54 $226,406.27
238 $226,406.27 $959.17 $0.00 $1,280.13 $228,645.57
239 $228,645.57 $959.17 $0.00 $1,292.80 $230,897.54
240 $230,897.54 $959.17 $0.00 $1,305.53 $233,162.24
241 $233,162.24 $959.17 $123,977.99 $1,318.33 $111,461.75
242 $111,461.75 $959.17 $0.00 $630.22 $113,051.14
243 $113,051.14 $959.17 $0.00 $639.21 $114,649.52
244 $114,649.52 $959.17 $0.00 $648.25 $116,256.94
245 $116,256.94 $959.17 $0.00 $657.33 $117,873.44
246 $117,873.44 $959.17 $0.00 $666.47 $119,499.08
247 $119,499.08 $959.17 $0.00 $675.67 $121,133.92
248 $121,133.92 $959.17 $0.00 $684.91 $122,778.00
249 $122,778.00 $959.17 $0.00 $694.20 $124,431.37
250 $124,431.37 $959.17 $0.00 $703.55 $126,094.09
251 $126,094.09 $959.17 $0.00 $712.95 $127,766.21
252 $127,766.21 $959.17 $0.00 $722.41 $129,447.79
253 $129,447.79 $0.00 $130,176.89 $731.92 $2.82