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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$126,408
Monthly savings required$1,001

How much will it cost to send your child to Wingate University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $505,633.96 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,000.62 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$48,746.00
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 $1,000.62 $0.00 $0.00 $1,000.62
2 $1,000.62 $1,000.62 $0.00 $5.66 $2,006.90
3 $2,006.90 $1,000.62 $0.00 $11.35 $3,018.87
4 $3,018.87 $1,000.62 $0.00 $17.07 $4,036.56
5 $4,036.56 $1,000.62 $0.00 $22.82 $5,060.00
6 $5,060.00 $1,000.62 $0.00 $28.61 $6,089.23
7 $6,089.23 $1,000.62 $0.00 $34.43 $7,124.28
8 $7,124.28 $1,000.62 $0.00 $40.28 $8,165.18
9 $8,165.18 $1,000.62 $0.00 $46.17 $9,211.97
10 $9,211.97 $1,000.62 $0.00 $52.09 $10,264.68
11 $10,264.68 $1,000.62 $0.00 $58.04 $11,323.34
12 $11,323.34 $1,000.62 $0.00 $64.02 $12,387.98
13 $12,387.98 $1,000.62 $0.00 $70.04 $13,458.64
14 $13,458.64 $1,000.62 $0.00 $76.10 $14,535.36
15 $14,535.36 $1,000.62 $0.00 $82.19 $15,618.17
16 $15,618.17 $1,000.62 $0.00 $88.31 $16,707.10
17 $16,707.10 $1,000.62 $0.00 $94.46 $17,802.18
18 $17,802.18 $1,000.62 $0.00 $100.66 $18,903.46
19 $18,903.46 $1,000.62 $0.00 $106.88 $20,010.96
20 $20,010.96 $1,000.62 $0.00 $113.14 $21,124.72
21 $21,124.72 $1,000.62 $0.00 $119.44 $22,244.78
22 $22,244.78 $1,000.62 $0.00 $125.78 $23,371.18
23 $23,371.18 $1,000.62 $0.00 $132.14 $24,503.94
24 $24,503.94 $1,000.62 $0.00 $138.55 $25,643.11
25 $25,643.11 $1,000.62 $0.00 $144.99 $26,788.72
26 $26,788.72 $1,000.62 $0.00 $151.47 $27,940.81
27 $27,940.81 $1,000.62 $0.00 $157.98 $29,099.41
28 $29,099.41 $1,000.62 $0.00 $164.53 $30,264.56
29 $30,264.56 $1,000.62 $0.00 $171.12 $31,436.30
30 $31,436.30 $1,000.62 $0.00 $177.75 $32,614.67
31 $32,614.67 $1,000.62 $0.00 $184.41 $33,799.70
32 $33,799.70 $1,000.62 $0.00 $191.11 $34,991.43
33 $34,991.43 $1,000.62 $0.00 $197.85 $36,189.90
34 $36,189.90 $1,000.62 $0.00 $204.62 $37,395.14
35 $37,395.14 $1,000.62 $0.00 $211.44 $38,607.20
36 $38,607.20 $1,000.62 $0.00 $218.29 $39,826.11
37 $39,826.11 $1,000.62 $0.00 $225.18 $41,051.91
38 $41,051.91 $1,000.62 $0.00 $232.11 $42,284.64
39 $42,284.64 $1,000.62 $0.00 $239.08 $43,524.34
40 $43,524.34 $1,000.62 $0.00 $246.09 $44,771.05
41 $44,771.05 $1,000.62 $0.00 $253.14 $46,024.81
42 $46,024.81 $1,000.62 $0.00 $260.23 $47,285.66
43 $47,285.66 $1,000.62 $0.00 $267.36 $48,553.64
44 $48,553.64 $1,000.62 $0.00 $274.53 $49,828.79
45 $49,828.79 $1,000.62 $0.00 $281.74 $51,111.15
46 $51,111.15 $1,000.62 $0.00 $288.99 $52,400.76
47 $52,400.76 $1,000.62 $0.00 $296.28 $53,697.66
48 $53,697.66 $1,000.62 $0.00 $303.61 $55,001.89
49 $55,001.89 $1,000.62 $0.00 $310.99 $56,313.50
50 $56,313.50 $1,000.62 $0.00 $318.40 $57,632.52
51 $57,632.52 $1,000.62 $0.00 $325.86 $58,959.00
52 $58,959.00 $1,000.62 $0.00 $333.36 $60,292.98
53 $60,292.98 $1,000.62 $0.00 $340.91 $61,634.51
54 $61,634.51 $1,000.62 $0.00 $348.49 $62,983.62
55 $62,983.62 $1,000.62 $0.00 $356.12 $64,340.36
56 $64,340.36 $1,000.62 $0.00 $363.79 $65,704.77
57 $65,704.77 $1,000.62 $0.00 $371.50 $67,076.89
58 $67,076.89 $1,000.62 $0.00 $379.26 $68,456.77
59 $68,456.77 $1,000.62 $0.00 $387.06 $69,844.45
60 $69,844.45 $1,000.62 $0.00 $394.91 $71,239.98
61 $71,239.98 $1,000.62 $0.00 $402.80 $72,643.40
62 $72,643.40 $1,000.62 $0.00 $410.74 $74,054.76
63 $74,054.76 $1,000.62 $0.00 $418.72 $75,474.10
64 $75,474.10 $1,000.62 $0.00 $426.74 $76,901.46
65 $76,901.46 $1,000.62 $0.00 $434.81 $78,336.89
66 $78,336.89 $1,000.62 $0.00 $442.93 $79,780.44
67 $79,780.44 $1,000.62 $0.00 $451.09 $81,232.15
68 $81,232.15 $1,000.62 $0.00 $459.30 $82,692.07
69 $82,692.07 $1,000.62 $0.00 $467.55 $84,160.24
70 $84,160.24 $1,000.62 $0.00 $475.85 $85,636.71
71 $85,636.71 $1,000.62 $0.00 $484.20 $87,121.53
72 $87,121.53 $1,000.62 $0.00 $492.60 $88,614.75
73 $88,614.75 $1,000.62 $0.00 $501.04 $90,116.41
74 $90,116.41 $1,000.62 $0.00 $509.53 $91,626.56
75 $91,626.56 $1,000.62 $0.00 $518.07 $93,145.25
76 $93,145.25 $1,000.62 $0.00 $526.66 $94,672.53
77 $94,672.53 $1,000.62 $0.00 $535.29 $96,208.44
78 $96,208.44 $1,000.62 $0.00 $543.98 $97,753.04
79 $97,753.04 $1,000.62 $0.00 $552.71 $99,306.37
80 $99,306.37 $1,000.62 $0.00 $561.49 $100,868.48
81 $100,868.48 $1,000.62 $0.00 $570.33 $102,439.43
82 $102,439.43 $1,000.62 $0.00 $579.21 $104,019.26
83 $104,019.26 $1,000.62 $0.00 $588.14 $105,608.02
84 $105,608.02 $1,000.62 $0.00 $597.12 $107,205.76
85 $107,205.76 $1,000.62 $0.00 $606.16 $108,812.54
86 $108,812.54 $1,000.62 $0.00 $615.24 $110,428.40
87 $110,428.40 $1,000.62 $0.00 $624.38 $112,053.40
88 $112,053.40 $1,000.62 $0.00 $633.57 $113,687.59
89 $113,687.59 $1,000.62 $0.00 $642.81 $115,331.02
90 $115,331.02 $1,000.62 $0.00 $652.10 $116,983.74
91 $116,983.74 $1,000.62 $0.00 $661.44 $118,645.80
92 $118,645.80 $1,000.62 $0.00 $670.84 $120,317.26
93 $120,317.26 $1,000.62 $0.00 $680.29 $121,998.17
94 $121,998.17 $1,000.62 $0.00 $689.80 $123,688.59
95 $123,688.59 $1,000.62 $0.00 $699.35 $125,388.56
96 $125,388.56 $1,000.62 $0.00 $708.97 $127,098.15
97 $127,098.15 $1,000.62 $0.00 $718.63 $128,817.40
98 $128,817.40 $1,000.62 $0.00 $728.35 $130,546.37
99 $130,546.37 $1,000.62 $0.00 $738.13 $132,285.12
100 $132,285.12 $1,000.62 $0.00 $747.96 $134,033.70
101 $134,033.70 $1,000.62 $0.00 $757.85 $135,792.17
102 $135,792.17 $1,000.62 $0.00 $767.79 $137,560.58
103 $137,560.58 $1,000.62 $0.00 $777.79 $139,338.99
104 $139,338.99 $1,000.62 $0.00 $787.84 $141,127.45
105 $141,127.45 $1,000.62 $0.00 $797.96 $142,926.03
106 $142,926.03 $1,000.62 $0.00 $808.12 $144,734.77
107 $144,734.77 $1,000.62 $0.00 $818.35 $146,553.74
108 $146,553.74 $1,000.62 $0.00 $828.64 $148,383.00
109 $148,383.00 $1,000.62 $0.00 $838.98 $150,222.60
110 $150,222.60 $1,000.62 $0.00 $849.38 $152,072.60
111 $152,072.60 $1,000.62 $0.00 $859.84 $153,933.06
112 $153,933.06 $1,000.62 $0.00 $870.36 $155,804.04
113 $155,804.04 $1,000.62 $0.00 $880.94 $157,685.60
114 $157,685.60 $1,000.62 $0.00 $891.58 $159,577.80
115 $159,577.80 $1,000.62 $0.00 $902.28 $161,480.70
116 $161,480.70 $1,000.62 $0.00 $913.04 $163,394.36
117 $163,394.36 $1,000.62 $0.00 $923.86 $165,318.84
118 $165,318.84 $1,000.62 $0.00 $934.74 $167,254.20
119 $167,254.20 $1,000.62 $0.00 $945.68 $169,200.50
120 $169,200.50 $1,000.62 $0.00 $956.68 $171,157.80
121 $171,157.80 $1,000.62 $0.00 $967.75 $173,126.17
122 $173,126.17 $1,000.62 $0.00 $978.88 $175,105.67
123 $175,105.67 $1,000.62 $0.00 $990.07 $177,096.36
124 $177,096.36 $1,000.62 $0.00 $1,001.33 $179,098.31
125 $179,098.31 $1,000.62 $0.00 $1,012.65 $181,111.58
126 $181,111.58 $1,000.62 $0.00 $1,024.03 $183,136.23
127 $183,136.23 $1,000.62 $0.00 $1,035.48 $185,172.33
128 $185,172.33 $1,000.62 $0.00 $1,046.99 $187,219.94
129 $187,219.94 $1,000.62 $0.00 $1,058.57 $189,279.13
130 $189,279.13 $1,000.62 $0.00 $1,070.21 $191,349.96
131 $191,349.96 $1,000.62 $0.00 $1,081.92 $193,432.50
132 $193,432.50 $1,000.62 $0.00 $1,093.70 $195,526.82
133 $195,526.82 $1,000.62 $0.00 $1,105.54 $197,632.98
134 $197,632.98 $1,000.62 $0.00 $1,117.45 $199,751.05
135 $199,751.05 $1,000.62 $0.00 $1,129.42 $201,881.09
136 $201,881.09 $1,000.62 $0.00 $1,141.47 $204,023.18
137 $204,023.18 $1,000.62 $0.00 $1,153.58 $206,177.38
138 $206,177.38 $1,000.62 $0.00 $1,165.76 $208,343.76
139 $208,343.76 $1,000.62 $0.00 $1,178.01 $210,522.39
140 $210,522.39 $1,000.62 $0.00 $1,190.32 $212,713.33
141 $212,713.33 $1,000.62 $0.00 $1,202.71 $214,916.66
142 $214,916.66 $1,000.62 $0.00 $1,215.17 $217,132.45
143 $217,132.45 $1,000.62 $0.00 $1,227.70 $219,360.77
144 $219,360.77 $1,000.62 $0.00 $1,240.30 $221,601.69
145 $221,601.69 $1,000.62 $0.00 $1,252.97 $223,855.28
146 $223,855.28 $1,000.62 $0.00 $1,265.71 $226,121.61
147 $226,121.61 $1,000.62 $0.00 $1,278.52 $228,400.75
148 $228,400.75 $1,000.62 $0.00 $1,291.41 $230,692.78
149 $230,692.78 $1,000.62 $0.00 $1,304.37 $232,997.77
150 $232,997.77 $1,000.62 $0.00 $1,317.40 $235,315.79
151 $235,315.79 $1,000.62 $0.00 $1,330.51 $237,646.92
152 $237,646.92 $1,000.62 $0.00 $1,343.69 $239,991.23
153 $239,991.23 $1,000.62 $0.00 $1,356.95 $242,348.80
154 $242,348.80 $1,000.62 $0.00 $1,370.28 $244,719.70
155 $244,719.70 $1,000.62 $0.00 $1,383.68 $247,104.00
156 $247,104.00 $1,000.62 $0.00 $1,397.16 $249,501.78
157 $249,501.78 $1,000.62 $0.00 $1,410.72 $251,913.12
158 $251,913.12 $1,000.62 $0.00 $1,424.35 $254,338.09
159 $254,338.09 $1,000.62 $0.00 $1,438.06 $256,776.77
160 $256,776.77 $1,000.62 $0.00 $1,451.85 $259,229.24
161 $259,229.24 $1,000.62 $0.00 $1,465.72 $261,695.58
162 $261,695.58 $1,000.62 $0.00 $1,479.66 $264,175.86
163 $264,175.86 $1,000.62 $0.00 $1,493.69 $266,670.17
164 $266,670.17 $1,000.62 $0.00 $1,507.79 $269,178.58
165 $269,178.58 $1,000.62 $0.00 $1,521.97 $271,701.17
166 $271,701.17 $1,000.62 $0.00 $1,536.24 $274,238.03
167 $274,238.03 $1,000.62 $0.00 $1,550.58 $276,789.23
168 $276,789.23 $1,000.62 $0.00 $1,565.01 $279,354.86
169 $279,354.86 $1,000.62 $0.00 $1,579.51 $281,934.99
170 $281,934.99 $1,000.62 $0.00 $1,594.10 $284,529.71
171 $284,529.71 $1,000.62 $0.00 $1,608.77 $287,139.10
172 $287,139.10 $1,000.62 $0.00 $1,623.53 $289,763.25
173 $289,763.25 $1,000.62 $0.00 $1,638.36 $292,402.23
174 $292,402.23 $1,000.62 $0.00 $1,653.28 $295,056.13
175 $295,056.13 $1,000.62 $0.00 $1,668.29 $297,725.04
176 $297,725.04 $1,000.62 $0.00 $1,683.38 $300,409.04
177 $300,409.04 $1,000.62 $0.00 $1,698.56 $303,108.22
178 $303,108.22 $1,000.62 $0.00 $1,713.82 $305,822.66
179 $305,822.66 $1,000.62 $0.00 $1,729.17 $308,552.45
180 $308,552.45 $1,000.62 $0.00 $1,744.60 $311,297.67
181 $311,297.67 $1,000.62 $0.00 $1,760.12 $314,058.41
182 $314,058.41 $1,000.62 $0.00 $1,775.73 $316,834.76
183 $316,834.76 $1,000.62 $0.00 $1,791.43 $319,626.81
184 $319,626.81 $1,000.62 $0.00 $1,807.22 $322,434.65
185 $322,434.65 $1,000.62 $0.00 $1,823.09 $325,258.36
186 $325,258.36 $1,000.62 $0.00 $1,839.06 $328,098.04
187 $328,098.04 $1,000.62 $0.00 $1,855.11 $330,953.77
188 $330,953.77 $1,000.62 $0.00 $1,871.26 $333,825.65
189 $333,825.65 $1,000.62 $0.00 $1,887.50 $336,713.77
190 $336,713.77 $1,000.62 $0.00 $1,903.83 $339,618.22
191 $339,618.22 $1,000.62 $0.00 $1,920.25 $342,539.09
192 $342,539.09 $1,000.62 $0.00 $1,936.77 $345,476.48
193 $345,476.48 $1,000.62 $0.00 $1,953.37 $348,430.47
194 $348,430.47 $1,000.62 $0.00 $1,970.08 $351,401.17
195 $351,401.17 $1,000.62 $0.00 $1,986.87 $354,388.66
196 $354,388.66 $1,000.62 $0.00 $2,003.77 $357,393.05
197 $357,393.05 $1,000.62 $0.00 $2,020.75 $360,414.42
198 $360,414.42 $1,000.62 $0.00 $2,037.84 $363,452.88
199 $363,452.88 $1,000.62 $0.00 $2,055.02 $366,508.52
200 $366,508.52 $1,000.62 $0.00 $2,072.29 $369,581.43
201 $369,581.43 $1,000.62 $0.00 $2,089.67 $372,671.72
202 $372,671.72 $1,000.62 $0.00 $2,107.14 $375,779.48
203 $375,779.48 $1,000.62 $0.00 $2,124.71 $378,904.81
204 $378,904.81 $1,000.62 $0.00 $2,142.38 $382,047.81
205 $382,047.81 $1,000.62 $0.00 $2,160.15 $385,208.58
206 $385,208.58 $1,000.62 $0.00 $2,178.03 $388,387.23
207 $388,387.23 $1,000.62 $0.00 $2,196.00 $391,583.85
208 $391,583.85 $1,000.62 $0.00 $2,214.07 $394,798.54
209 $394,798.54 $1,000.62 $0.00 $2,232.25 $398,031.41
210 $398,031.41 $1,000.62 $0.00 $2,250.53 $401,282.56
211 $401,282.56 $1,000.62 $0.00 $2,268.91 $404,552.09
212 $404,552.09 $1,000.62 $0.00 $2,287.40 $407,840.11
213 $407,840.11 $1,000.62 $0.00 $2,305.99 $411,146.72
214 $411,146.72 $1,000.62 $0.00 $2,324.68 $414,472.02
215 $414,472.02 $1,000.62 $0.00 $2,343.49 $417,816.13
216 $417,816.13 $1,000.62 $0.00 $2,362.39 $421,179.14
217 $421,179.14 $1,000.62 $117,313.06 $2,381.41 $307,248.11
218 $307,248.11 $1,000.62 $0.00 $1,737.23 $309,985.96
219 $309,985.96 $1,000.62 $0.00 $1,752.71 $312,739.29
220 $312,739.29 $1,000.62 $0.00 $1,768.27 $315,508.18
221 $315,508.18 $1,000.62 $0.00 $1,783.93 $318,292.73
222 $318,292.73 $1,000.62 $0.00 $1,799.67 $321,093.02
223 $321,093.02 $1,000.62 $0.00 $1,815.51 $323,909.15
224 $323,909.15 $1,000.62 $0.00 $1,831.43 $326,741.20
225 $326,741.20 $1,000.62 $0.00 $1,847.44 $329,589.26
226 $329,589.26 $1,000.62 $0.00 $1,863.55 $332,453.43
227 $332,453.43 $1,000.62 $0.00 $1,879.74 $335,333.79
228 $335,333.79 $1,000.62 $0.00 $1,896.03 $338,230.44
229 $338,230.44 $1,000.62 $123,178.71 $1,912.40 $217,964.75
230 $217,964.75 $1,000.62 $0.00 $1,232.40 $220,197.77
231 $220,197.77 $1,000.62 $0.00 $1,245.03 $222,443.42
232 $222,443.42 $1,000.62 $0.00 $1,257.73 $224,701.77
233 $224,701.77 $1,000.62 $0.00 $1,270.50 $226,972.89
234 $226,972.89 $1,000.62 $0.00 $1,283.34 $229,256.85
235 $229,256.85 $1,000.62 $0.00 $1,296.25 $231,553.72
236 $231,553.72 $1,000.62 $0.00 $1,309.24 $233,863.58
237 $233,863.58 $1,000.62 $0.00 $1,322.30 $236,186.50
238 $236,186.50 $1,000.62 $0.00 $1,335.43 $238,522.55
239 $238,522.55 $1,000.62 $0.00 $1,348.64 $240,871.81
240 $240,871.81 $1,000.62 $0.00 $1,361.92 $243,234.35
241 $243,234.35 $1,000.62 $129,337.65 $1,375.28 $116,272.60
242 $116,272.60 $1,000.62 $0.00 $657.42 $117,930.64
243 $117,930.64 $1,000.62 $0.00 $666.80 $119,598.06
244 $119,598.06 $1,000.62 $0.00 $676.22 $121,274.90
245 $121,274.90 $1,000.62 $0.00 $685.71 $122,961.23
246 $122,961.23 $1,000.62 $0.00 $695.24 $124,657.09
247 $124,657.09 $1,000.62 $0.00 $704.83 $126,362.54
248 $126,362.54 $1,000.62 $0.00 $714.47 $128,077.63
249 $128,077.63 $1,000.62 $0.00 $724.17 $129,802.42
250 $129,802.42 $1,000.62 $0.00 $733.92 $131,536.96
251 $131,536.96 $1,000.62 $0.00 $743.73 $133,281.31
252 $133,281.31 $1,000.62 $0.00 $753.59 $135,035.52
253 $135,035.52 $0.00 $135,804.53 $763.51 ($5.50)