Savings Plan and Future Cost Estimation for Wingate University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$139,011
Monthly savings required$1,100

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 $556,045.91 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,100.39 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$53,606.00
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 $1,100.39 $0.00 $0.00 $1,100.39
2 $1,100.39 $1,100.39 $0.00 $6.22 $2,207.00
3 $2,207.00 $1,100.39 $0.00 $12.48 $3,319.87
4 $3,319.87 $1,100.39 $0.00 $18.77 $4,439.03
5 $4,439.03 $1,100.39 $0.00 $25.10 $5,564.52
6 $5,564.52 $1,100.39 $0.00 $31.46 $6,696.37
7 $6,696.37 $1,100.39 $0.00 $37.86 $7,834.62
8 $7,834.62 $1,100.39 $0.00 $44.30 $8,979.31
9 $8,979.31 $1,100.39 $0.00 $50.77 $10,130.47
10 $10,130.47 $1,100.39 $0.00 $57.28 $11,288.14
11 $11,288.14 $1,100.39 $0.00 $63.82 $12,452.35
12 $12,452.35 $1,100.39 $0.00 $70.41 $13,623.15
13 $13,623.15 $1,100.39 $0.00 $77.03 $14,800.57
14 $14,800.57 $1,100.39 $0.00 $83.68 $15,984.64
15 $15,984.64 $1,100.39 $0.00 $90.38 $17,175.41
16 $17,175.41 $1,100.39 $0.00 $97.11 $18,372.91
17 $18,372.91 $1,100.39 $0.00 $103.88 $19,577.18
18 $19,577.18 $1,100.39 $0.00 $110.69 $20,788.26
19 $20,788.26 $1,100.39 $0.00 $117.54 $22,006.19
20 $22,006.19 $1,100.39 $0.00 $124.43 $23,231.01
21 $23,231.01 $1,100.39 $0.00 $131.35 $24,462.75
22 $24,462.75 $1,100.39 $0.00 $138.32 $25,701.46
23 $25,701.46 $1,100.39 $0.00 $145.32 $26,947.17
24 $26,947.17 $1,100.39 $0.00 $152.36 $28,199.92
25 $28,199.92 $1,100.39 $0.00 $159.45 $29,459.76
26 $29,459.76 $1,100.39 $0.00 $166.57 $30,726.72
27 $30,726.72 $1,100.39 $0.00 $173.73 $32,000.84
28 $32,000.84 $1,100.39 $0.00 $180.94 $33,282.17
29 $33,282.17 $1,100.39 $0.00 $188.18 $34,570.74
30 $34,570.74 $1,100.39 $0.00 $195.47 $35,866.60
31 $35,866.60 $1,100.39 $0.00 $202.79 $37,169.78
32 $37,169.78 $1,100.39 $0.00 $210.16 $38,480.33
33 $38,480.33 $1,100.39 $0.00 $217.57 $39,798.29
34 $39,798.29 $1,100.39 $0.00 $225.03 $41,123.71
35 $41,123.71 $1,100.39 $0.00 $232.52 $42,456.62
36 $42,456.62 $1,100.39 $0.00 $240.06 $43,797.07
37 $43,797.07 $1,100.39 $0.00 $247.64 $45,145.10
38 $45,145.10 $1,100.39 $0.00 $255.26 $46,500.75
39 $46,500.75 $1,100.39 $0.00 $262.92 $47,864.06
40 $47,864.06 $1,100.39 $0.00 $270.63 $49,235.08
41 $49,235.08 $1,100.39 $0.00 $278.38 $50,613.85
42 $50,613.85 $1,100.39 $0.00 $286.18 $52,000.42
43 $52,000.42 $1,100.39 $0.00 $294.02 $53,394.83
44 $53,394.83 $1,100.39 $0.00 $301.90 $54,797.12
45 $54,797.12 $1,100.39 $0.00 $309.83 $56,207.34
46 $56,207.34 $1,100.39 $0.00 $317.80 $57,625.53
47 $57,625.53 $1,100.39 $0.00 $325.82 $59,051.74
48 $59,051.74 $1,100.39 $0.00 $333.89 $60,486.02
49 $60,486.02 $1,100.39 $0.00 $342.00 $61,928.41
50 $61,928.41 $1,100.39 $0.00 $350.15 $63,378.95
51 $63,378.95 $1,100.39 $0.00 $358.35 $64,837.69
52 $64,837.69 $1,100.39 $0.00 $366.60 $66,304.68
53 $66,304.68 $1,100.39 $0.00 $374.90 $67,779.97
54 $67,779.97 $1,100.39 $0.00 $383.24 $69,263.60
55 $69,263.60 $1,100.39 $0.00 $391.63 $70,755.62
56 $70,755.62 $1,100.39 $0.00 $400.06 $72,256.07
57 $72,256.07 $1,100.39 $0.00 $408.55 $73,765.01
58 $73,765.01 $1,100.39 $0.00 $417.08 $75,282.48
59 $75,282.48 $1,100.39 $0.00 $425.66 $76,808.53
60 $76,808.53 $1,100.39 $0.00 $434.29 $78,343.21
61 $78,343.21 $1,100.39 $0.00 $442.96 $79,886.56
62 $79,886.56 $1,100.39 $0.00 $451.69 $81,438.64
63 $81,438.64 $1,100.39 $0.00 $460.47 $82,999.50
64 $82,999.50 $1,100.39 $0.00 $469.29 $84,569.18
65 $84,569.18 $1,100.39 $0.00 $478.17 $86,147.74
66 $86,147.74 $1,100.39 $0.00 $487.09 $87,735.22
67 $87,735.22 $1,100.39 $0.00 $496.07 $89,331.68
68 $89,331.68 $1,100.39 $0.00 $505.09 $90,937.16
69 $90,937.16 $1,100.39 $0.00 $514.17 $92,551.72
70 $92,551.72 $1,100.39 $0.00 $523.30 $94,175.41
71 $94,175.41 $1,100.39 $0.00 $532.48 $95,808.28
72 $95,808.28 $1,100.39 $0.00 $541.71 $97,450.38
73 $97,450.38 $1,100.39 $0.00 $551.00 $99,101.77
74 $99,101.77 $1,100.39 $0.00 $560.34 $100,762.50
75 $100,762.50 $1,100.39 $0.00 $569.73 $102,432.62
76 $102,432.62 $1,100.39 $0.00 $579.17 $104,112.18
77 $104,112.18 $1,100.39 $0.00 $588.67 $105,801.24
78 $105,801.24 $1,100.39 $0.00 $598.22 $107,499.85
79 $107,499.85 $1,100.39 $0.00 $607.82 $109,208.06
80 $109,208.06 $1,100.39 $0.00 $617.48 $110,925.93
81 $110,925.93 $1,100.39 $0.00 $627.19 $112,653.51
82 $112,653.51 $1,100.39 $0.00 $636.96 $114,390.86
83 $114,390.86 $1,100.39 $0.00 $646.78 $116,138.03
84 $116,138.03 $1,100.39 $0.00 $656.66 $117,895.08
85 $117,895.08 $1,100.39 $0.00 $666.60 $119,662.07
86 $119,662.07 $1,100.39 $0.00 $676.59 $121,439.05
87 $121,439.05 $1,100.39 $0.00 $686.63 $123,226.07
88 $123,226.07 $1,100.39 $0.00 $696.74 $125,023.20
89 $125,023.20 $1,100.39 $0.00 $706.90 $126,830.49
90 $126,830.49 $1,100.39 $0.00 $717.12 $128,648.00
91 $128,648.00 $1,100.39 $0.00 $727.39 $130,475.78
92 $130,475.78 $1,100.39 $0.00 $737.73 $132,313.90
93 $132,313.90 $1,100.39 $0.00 $748.12 $134,162.41
94 $134,162.41 $1,100.39 $0.00 $758.57 $136,021.37
95 $136,021.37 $1,100.39 $0.00 $769.08 $137,890.84
96 $137,890.84 $1,100.39 $0.00 $779.65 $139,770.88
97 $139,770.88 $1,100.39 $0.00 $790.28 $141,661.55
98 $141,661.55 $1,100.39 $0.00 $800.97 $143,562.91
99 $143,562.91 $1,100.39 $0.00 $811.73 $145,475.03
100 $145,475.03 $1,100.39 $0.00 $822.54 $147,397.96
101 $147,397.96 $1,100.39 $0.00 $833.41 $149,331.76
102 $149,331.76 $1,100.39 $0.00 $844.34 $151,276.49
103 $151,276.49 $1,100.39 $0.00 $855.34 $153,232.22
104 $153,232.22 $1,100.39 $0.00 $866.40 $155,199.01
105 $155,199.01 $1,100.39 $0.00 $877.52 $157,176.92
106 $157,176.92 $1,100.39 $0.00 $888.70 $159,166.01
107 $159,166.01 $1,100.39 $0.00 $899.95 $161,166.35
108 $161,166.35 $1,100.39 $0.00 $911.26 $163,178.00
109 $163,178.00 $1,100.39 $0.00 $922.63 $165,201.02
110 $165,201.02 $1,100.39 $0.00 $934.07 $167,235.48
111 $167,235.48 $1,100.39 $0.00 $945.57 $169,281.44
112 $169,281.44 $1,100.39 $0.00 $957.14 $171,338.97
113 $171,338.97 $1,100.39 $0.00 $968.78 $173,408.14
114 $173,408.14 $1,100.39 $0.00 $980.47 $175,489.00
115 $175,489.00 $1,100.39 $0.00 $992.24 $177,581.63
116 $177,581.63 $1,100.39 $0.00 $1,004.07 $179,686.09
117 $179,686.09 $1,100.39 $0.00 $1,015.97 $181,802.45
118 $181,802.45 $1,100.39 $0.00 $1,027.94 $183,930.78
119 $183,930.78 $1,100.39 $0.00 $1,039.97 $186,071.14
120 $186,071.14 $1,100.39 $0.00 $1,052.07 $188,223.60
121 $188,223.60 $1,100.39 $0.00 $1,064.24 $190,388.23
122 $190,388.23 $1,100.39 $0.00 $1,076.48 $192,565.10
123 $192,565.10 $1,100.39 $0.00 $1,088.79 $194,754.28
124 $194,754.28 $1,100.39 $0.00 $1,101.17 $196,955.84
125 $196,955.84 $1,100.39 $0.00 $1,113.62 $199,169.85
126 $199,169.85 $1,100.39 $0.00 $1,126.14 $201,396.38
127 $201,396.38 $1,100.39 $0.00 $1,138.72 $203,635.49
128 $203,635.49 $1,100.39 $0.00 $1,151.38 $205,887.26
129 $205,887.26 $1,100.39 $0.00 $1,164.12 $208,151.77
130 $208,151.77 $1,100.39 $0.00 $1,176.92 $210,429.08
131 $210,429.08 $1,100.39 $0.00 $1,189.80 $212,719.27
132 $212,719.27 $1,100.39 $0.00 $1,202.75 $215,022.41
133 $215,022.41 $1,100.39 $0.00 $1,215.77 $217,338.57
134 $217,338.57 $1,100.39 $0.00 $1,228.86 $219,667.82
135 $219,667.82 $1,100.39 $0.00 $1,242.03 $222,010.24
136 $222,010.24 $1,100.39 $0.00 $1,255.28 $224,365.91
137 $224,365.91 $1,100.39 $0.00 $1,268.60 $226,734.90
138 $226,734.90 $1,100.39 $0.00 $1,281.99 $229,117.28
139 $229,117.28 $1,100.39 $0.00 $1,295.46 $231,513.13
140 $231,513.13 $1,100.39 $0.00 $1,309.01 $233,922.53
141 $233,922.53 $1,100.39 $0.00 $1,322.63 $236,345.55
142 $236,345.55 $1,100.39 $0.00 $1,336.33 $238,782.27
143 $238,782.27 $1,100.39 $0.00 $1,350.11 $241,232.77
144 $241,232.77 $1,100.39 $0.00 $1,363.97 $243,697.13
145 $243,697.13 $1,100.39 $0.00 $1,377.90 $246,175.42
146 $246,175.42 $1,100.39 $0.00 $1,391.91 $248,667.72
147 $248,667.72 $1,100.39 $0.00 $1,406.00 $251,174.11
148 $251,174.11 $1,100.39 $0.00 $1,420.17 $253,694.67
149 $253,694.67 $1,100.39 $0.00 $1,434.43 $256,229.49
150 $256,229.49 $1,100.39 $0.00 $1,448.76 $258,778.64
151 $258,778.64 $1,100.39 $0.00 $1,463.17 $261,342.20
152 $261,342.20 $1,100.39 $0.00 $1,477.67 $263,920.26
153 $263,920.26 $1,100.39 $0.00 $1,492.24 $266,512.89
154 $266,512.89 $1,100.39 $0.00 $1,506.90 $269,120.18
155 $269,120.18 $1,100.39 $0.00 $1,521.64 $271,742.21
156 $271,742.21 $1,100.39 $0.00 $1,536.47 $274,379.07
157 $274,379.07 $1,100.39 $0.00 $1,551.38 $277,030.84
158 $277,030.84 $1,100.39 $0.00 $1,566.37 $279,697.60
159 $279,697.60 $1,100.39 $0.00 $1,581.45 $282,379.44
160 $282,379.44 $1,100.39 $0.00 $1,596.61 $285,076.44
161 $285,076.44 $1,100.39 $0.00 $1,611.86 $287,788.69
162 $287,788.69 $1,100.39 $0.00 $1,627.20 $290,516.28
163 $290,516.28 $1,100.39 $0.00 $1,642.62 $293,259.29
164 $293,259.29 $1,100.39 $0.00 $1,658.13 $296,017.81
165 $296,017.81 $1,100.39 $0.00 $1,673.73 $298,791.93
166 $298,791.93 $1,100.39 $0.00 $1,689.41 $301,581.73
167 $301,581.73 $1,100.39 $0.00 $1,705.19 $304,387.31
168 $304,387.31 $1,100.39 $0.00 $1,721.05 $307,208.75
169 $307,208.75 $1,100.39 $0.00 $1,737.00 $310,046.14
170 $310,046.14 $1,100.39 $0.00 $1,753.05 $312,899.58
171 $312,899.58 $1,100.39 $0.00 $1,769.18 $315,769.15
172 $315,769.15 $1,100.39 $0.00 $1,785.40 $318,654.94
173 $318,654.94 $1,100.39 $0.00 $1,801.72 $321,557.05
174 $321,557.05 $1,100.39 $0.00 $1,818.13 $324,475.57
175 $324,475.57 $1,100.39 $0.00 $1,834.63 $327,410.59
176 $327,410.59 $1,100.39 $0.00 $1,851.23 $330,362.21
177 $330,362.21 $1,100.39 $0.00 $1,867.92 $333,330.52
178 $333,330.52 $1,100.39 $0.00 $1,884.70 $336,315.61
179 $336,315.61 $1,100.39 $0.00 $1,901.58 $339,317.58
180 $339,317.58 $1,100.39 $0.00 $1,918.55 $342,336.52
181 $342,336.52 $1,100.39 $0.00 $1,935.62 $345,372.53
182 $345,372.53 $1,100.39 $0.00 $1,952.79 $348,425.71
183 $348,425.71 $1,100.39 $0.00 $1,970.05 $351,496.15
184 $351,496.15 $1,100.39 $0.00 $1,987.41 $354,583.95
185 $354,583.95 $1,100.39 $0.00 $2,004.87 $357,689.21
186 $357,689.21 $1,100.39 $0.00 $2,022.43 $360,812.03
187 $360,812.03 $1,100.39 $0.00 $2,040.08 $363,952.50
188 $363,952.50 $1,100.39 $0.00 $2,057.84 $367,110.73
189 $367,110.73 $1,100.39 $0.00 $2,075.70 $370,286.82
190 $370,286.82 $1,100.39 $0.00 $2,093.66 $373,480.87
191 $373,480.87 $1,100.39 $0.00 $2,111.72 $376,692.98
192 $376,692.98 $1,100.39 $0.00 $2,129.88 $379,923.25
193 $379,923.25 $1,100.39 $0.00 $2,148.14 $383,171.78
194 $383,171.78 $1,100.39 $0.00 $2,166.51 $386,438.68
195 $386,438.68 $1,100.39 $0.00 $2,184.98 $389,724.05
196 $389,724.05 $1,100.39 $0.00 $2,203.56 $393,028.00
197 $393,028.00 $1,100.39 $0.00 $2,222.24 $396,350.63
198 $396,350.63 $1,100.39 $0.00 $2,241.02 $399,692.04
199 $399,692.04 $1,100.39 $0.00 $2,259.92 $403,052.35
200 $403,052.35 $1,100.39 $0.00 $2,278.92 $406,431.66
201 $406,431.66 $1,100.39 $0.00 $2,298.02 $409,830.07
202 $409,830.07 $1,100.39 $0.00 $2,317.24 $413,247.70
203 $413,247.70 $1,100.39 $0.00 $2,336.56 $416,684.65
204 $416,684.65 $1,100.39 $0.00 $2,356.00 $420,141.04
205 $420,141.04 $1,100.39 $0.00 $2,375.54 $423,616.97
206 $423,616.97 $1,100.39 $0.00 $2,395.19 $427,112.55
207 $427,112.55 $1,100.39 $0.00 $2,414.96 $430,627.90
208 $430,627.90 $1,100.39 $0.00 $2,434.83 $434,163.12
209 $434,163.12 $1,100.39 $0.00 $2,454.82 $437,718.33
210 $437,718.33 $1,100.39 $0.00 $2,474.92 $441,293.64
211 $441,293.64 $1,100.39 $0.00 $2,495.14 $444,889.17
212 $444,889.17 $1,100.39 $0.00 $2,515.47 $448,505.03
213 $448,505.03 $1,100.39 $0.00 $2,535.91 $452,141.33
214 $452,141.33 $1,100.39 $0.00 $2,556.47 $455,798.19
215 $455,798.19 $1,100.39 $0.00 $2,577.15 $459,475.73
216 $459,475.73 $1,100.39 $0.00 $2,597.94 $463,174.06
217 $463,174.06 $1,100.39 $129,009.23 $2,618.85 $337,884.07
218 $337,884.07 $1,100.39 $0.00 $1,910.45 $340,894.91
219 $340,894.91 $1,100.39 $0.00 $1,927.47 $343,922.77
220 $343,922.77 $1,100.39 $0.00 $1,944.59 $346,967.75
221 $346,967.75 $1,100.39 $0.00 $1,961.81 $350,029.95
222 $350,029.95 $1,100.39 $0.00 $1,979.12 $353,109.46
223 $353,109.46 $1,100.39 $0.00 $1,996.53 $356,206.38
224 $356,206.38 $1,100.39 $0.00 $2,014.04 $359,320.81
225 $359,320.81 $1,100.39 $0.00 $2,031.65 $362,452.85
226 $362,452.85 $1,100.39 $0.00 $2,049.36 $365,602.60
227 $365,602.60 $1,100.39 $0.00 $2,067.17 $368,770.16
228 $368,770.16 $1,100.39 $0.00 $2,085.08 $371,955.63
229 $371,955.63 $1,100.39 $135,459.69 $2,103.09 $239,699.42
230 $239,699.42 $1,100.39 $0.00 $1,355.30 $242,155.11
231 $242,155.11 $1,100.39 $0.00 $1,369.18 $244,624.68
232 $244,624.68 $1,100.39 $0.00 $1,383.14 $247,108.21
233 $247,108.21 $1,100.39 $0.00 $1,397.19 $249,605.79
234 $249,605.79 $1,100.39 $0.00 $1,411.31 $252,117.49
235 $252,117.49 $1,100.39 $0.00 $1,425.51 $254,643.39
236 $254,643.39 $1,100.39 $0.00 $1,439.79 $257,183.57
237 $257,183.57 $1,100.39 $0.00 $1,454.15 $259,738.11
238 $259,738.11 $1,100.39 $0.00 $1,468.60 $262,307.10
239 $262,307.10 $1,100.39 $0.00 $1,483.12 $264,890.61
240 $264,890.61 $1,100.39 $0.00 $1,497.73 $267,488.73
241 $267,488.73 $1,100.39 $142,232.68 $1,512.42 $127,868.86
242 $127,868.86 $1,100.39 $0.00 $722.99 $129,692.24
243 $129,692.24 $1,100.39 $0.00 $733.30 $131,525.93
244 $131,525.93 $1,100.39 $0.00 $743.67 $133,369.99
245 $133,369.99 $1,100.39 $0.00 $754.09 $135,224.47
246 $135,224.47 $1,100.39 $0.00 $764.58 $137,089.44
247 $137,089.44 $1,100.39 $0.00 $775.12 $138,964.95
248 $138,964.95 $1,100.39 $0.00 $785.73 $140,851.07
249 $140,851.07 $1,100.39 $0.00 $796.39 $142,747.85
250 $142,747.85 $1,100.39 $0.00 $807.12 $144,655.36
251 $144,655.36 $1,100.39 $0.00 $817.90 $146,573.65
252 $146,573.65 $1,100.39 $0.00 $828.75 $148,502.79
253 $148,502.79 $0.00 $149,344.31 $839.66 ($1.86)