Savings Plan and Future Cost Estimation for Bluffton University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$191,778
Monthly savings required$1,516

How much will it cost to send your child to Bluffton University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $767,112.83 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,515.68 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$51,118.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,515.68 $0.00 $0.00 $1,515.68
2 $1,515.68 $1,515.68 $0.00 $8.57 $3,039.93
3 $3,039.93 $1,515.68 $0.00 $17.19 $4,572.80
4 $4,572.80 $1,515.68 $0.00 $25.86 $6,114.34
5 $6,114.34 $1,515.68 $0.00 $34.57 $7,664.59
6 $7,664.59 $1,515.68 $0.00 $43.34 $9,223.61
7 $9,223.61 $1,515.68 $0.00 $52.15 $10,791.44
8 $10,791.44 $1,515.68 $0.00 $61.02 $12,368.14
9 $12,368.14 $1,515.68 $0.00 $69.93 $13,953.75
10 $13,953.75 $1,515.68 $0.00 $78.90 $15,548.33
11 $15,548.33 $1,515.68 $0.00 $87.91 $17,151.92
12 $17,151.92 $1,515.68 $0.00 $96.98 $18,764.58
13 $18,764.58 $1,515.68 $0.00 $106.10 $20,386.36
14 $20,386.36 $1,515.68 $0.00 $115.27 $22,017.31
15 $22,017.31 $1,515.68 $0.00 $124.49 $23,657.48
16 $23,657.48 $1,515.68 $0.00 $133.76 $25,306.92
17 $25,306.92 $1,515.68 $0.00 $143.09 $26,965.69
18 $26,965.69 $1,515.68 $0.00 $152.47 $28,633.84
19 $28,633.84 $1,515.68 $0.00 $161.90 $30,311.42
20 $30,311.42 $1,515.68 $0.00 $171.39 $31,998.49
21 $31,998.49 $1,515.68 $0.00 $180.92 $33,695.09
22 $33,695.09 $1,515.68 $0.00 $190.52 $35,401.29
23 $35,401.29 $1,515.68 $0.00 $200.16 $37,117.13
24 $37,117.13 $1,515.68 $0.00 $209.87 $38,842.68
25 $38,842.68 $1,515.68 $0.00 $219.62 $40,577.98
26 $40,577.98 $1,515.68 $0.00 $229.43 $42,323.09
27 $42,323.09 $1,515.68 $0.00 $239.30 $44,078.07
28 $44,078.07 $1,515.68 $0.00 $249.22 $45,842.97
29 $45,842.97 $1,515.68 $0.00 $259.20 $47,617.85
30 $47,617.85 $1,515.68 $0.00 $269.24 $49,402.77
31 $49,402.77 $1,515.68 $0.00 $279.33 $51,197.78
32 $51,197.78 $1,515.68 $0.00 $289.48 $53,002.94
33 $53,002.94 $1,515.68 $0.00 $299.69 $54,818.31
34 $54,818.31 $1,515.68 $0.00 $309.95 $56,643.94
35 $56,643.94 $1,515.68 $0.00 $320.27 $58,479.89
36 $58,479.89 $1,515.68 $0.00 $330.65 $60,326.22
37 $60,326.22 $1,515.68 $0.00 $341.09 $62,182.99
38 $62,182.99 $1,515.68 $0.00 $351.59 $64,050.26
39 $64,050.26 $1,515.68 $0.00 $362.15 $65,928.09
40 $65,928.09 $1,515.68 $0.00 $372.77 $67,816.54
41 $67,816.54 $1,515.68 $0.00 $383.44 $69,715.66
42 $69,715.66 $1,515.68 $0.00 $394.18 $71,625.52
43 $71,625.52 $1,515.68 $0.00 $404.98 $73,546.18
44 $73,546.18 $1,515.68 $0.00 $415.84 $75,477.70
45 $75,477.70 $1,515.68 $0.00 $426.76 $77,420.14
46 $77,420.14 $1,515.68 $0.00 $437.74 $79,373.56
47 $79,373.56 $1,515.68 $0.00 $448.79 $81,338.03
48 $81,338.03 $1,515.68 $0.00 $459.90 $83,313.61
49 $83,313.61 $1,515.68 $0.00 $471.07 $85,300.36
50 $85,300.36 $1,515.68 $0.00 $482.30 $87,298.34
51 $87,298.34 $1,515.68 $0.00 $493.60 $89,307.62
52 $89,307.62 $1,515.68 $0.00 $504.96 $91,328.26
53 $91,328.26 $1,515.68 $0.00 $516.38 $93,360.32
54 $93,360.32 $1,515.68 $0.00 $527.87 $95,403.87
55 $95,403.87 $1,515.68 $0.00 $539.43 $97,458.98
56 $97,458.98 $1,515.68 $0.00 $551.05 $99,525.71
57 $99,525.71 $1,515.68 $0.00 $562.73 $101,604.12
58 $101,604.12 $1,515.68 $0.00 $574.48 $103,694.28
59 $103,694.28 $1,515.68 $0.00 $586.30 $105,796.26
60 $105,796.26 $1,515.68 $0.00 $598.19 $107,910.13
61 $107,910.13 $1,515.68 $0.00 $610.14 $110,035.95
62 $110,035.95 $1,515.68 $0.00 $622.16 $112,173.79
63 $112,173.79 $1,515.68 $0.00 $634.25 $114,323.72
64 $114,323.72 $1,515.68 $0.00 $646.40 $116,485.80
65 $116,485.80 $1,515.68 $0.00 $658.63 $118,660.11
66 $118,660.11 $1,515.68 $0.00 $670.92 $120,846.71
67 $120,846.71 $1,515.68 $0.00 $683.28 $123,045.67
68 $123,045.67 $1,515.68 $0.00 $695.72 $125,257.07
69 $125,257.07 $1,515.68 $0.00 $708.22 $127,480.97
70 $127,480.97 $1,515.68 $0.00 $720.80 $129,717.45
71 $129,717.45 $1,515.68 $0.00 $733.44 $131,966.57
72 $131,966.57 $1,515.68 $0.00 $746.16 $134,228.41
73 $134,228.41 $1,515.68 $0.00 $758.95 $136,503.04
74 $136,503.04 $1,515.68 $0.00 $771.81 $138,790.53
75 $138,790.53 $1,515.68 $0.00 $784.74 $141,090.95
76 $141,090.95 $1,515.68 $0.00 $797.75 $143,404.38
77 $143,404.38 $1,515.68 $0.00 $810.83 $145,730.89
78 $145,730.89 $1,515.68 $0.00 $823.98 $148,070.55
79 $148,070.55 $1,515.68 $0.00 $837.21 $150,423.44
80 $150,423.44 $1,515.68 $0.00 $850.52 $152,789.64
81 $152,789.64 $1,515.68 $0.00 $863.89 $155,169.21
82 $155,169.21 $1,515.68 $0.00 $877.35 $157,562.24
83 $157,562.24 $1,515.68 $0.00 $890.88 $159,968.80
84 $159,968.80 $1,515.68 $0.00 $904.49 $162,388.97
85 $162,388.97 $1,515.68 $0.00 $918.17 $164,822.82
86 $164,822.82 $1,515.68 $0.00 $931.93 $167,270.43
87 $167,270.43 $1,515.68 $0.00 $945.77 $169,731.88
88 $169,731.88 $1,515.68 $0.00 $959.69 $172,207.25
89 $172,207.25 $1,515.68 $0.00 $973.68 $174,696.61
90 $174,696.61 $1,515.68 $0.00 $987.76 $177,200.05
91 $177,200.05 $1,515.68 $0.00 $1,001.91 $179,717.64
92 $179,717.64 $1,515.68 $0.00 $1,016.15 $182,249.47
93 $182,249.47 $1,515.68 $0.00 $1,030.47 $184,795.62
94 $184,795.62 $1,515.68 $0.00 $1,044.86 $187,356.16
95 $187,356.16 $1,515.68 $0.00 $1,059.34 $189,931.18
96 $189,931.18 $1,515.68 $0.00 $1,073.90 $192,520.76
97 $192,520.76 $1,515.68 $0.00 $1,088.54 $195,124.98
98 $195,124.98 $1,515.68 $0.00 $1,103.27 $197,743.93
99 $197,743.93 $1,515.68 $0.00 $1,118.07 $200,377.68
100 $200,377.68 $1,515.68 $0.00 $1,132.96 $203,026.32
101 $203,026.32 $1,515.68 $0.00 $1,147.94 $205,689.94
102 $205,689.94 $1,515.68 $0.00 $1,163.00 $208,368.62
103 $208,368.62 $1,515.68 $0.00 $1,178.15 $211,062.45
104 $211,062.45 $1,515.68 $0.00 $1,193.38 $213,771.51
105 $213,771.51 $1,515.68 $0.00 $1,208.70 $216,495.89
106 $216,495.89 $1,515.68 $0.00 $1,224.10 $219,235.67
107 $219,235.67 $1,515.68 $0.00 $1,239.59 $221,990.94
108 $221,990.94 $1,515.68 $0.00 $1,255.17 $224,761.79
109 $224,761.79 $1,515.68 $0.00 $1,270.84 $227,548.31
110 $227,548.31 $1,515.68 $0.00 $1,286.59 $230,350.58
111 $230,350.58 $1,515.68 $0.00 $1,302.44 $233,168.70
112 $233,168.70 $1,515.68 $0.00 $1,318.37 $236,002.75
113 $236,002.75 $1,515.68 $0.00 $1,334.39 $238,852.82
114 $238,852.82 $1,515.68 $0.00 $1,350.51 $241,719.01
115 $241,719.01 $1,515.68 $0.00 $1,366.71 $244,601.40
116 $244,601.40 $1,515.68 $0.00 $1,383.01 $247,500.09
117 $247,500.09 $1,515.68 $0.00 $1,399.40 $250,415.17
118 $250,415.17 $1,515.68 $0.00 $1,415.88 $253,346.73
119 $253,346.73 $1,515.68 $0.00 $1,432.46 $256,294.87
120 $256,294.87 $1,515.68 $0.00 $1,449.13 $259,259.68
121 $259,259.68 $1,515.68 $0.00 $1,465.89 $262,241.25
122 $262,241.25 $1,515.68 $0.00 $1,482.75 $265,239.68
123 $265,239.68 $1,515.68 $0.00 $1,499.70 $268,255.06
124 $268,255.06 $1,515.68 $0.00 $1,516.75 $271,287.49
125 $271,287.49 $1,515.68 $0.00 $1,533.90 $274,337.07
126 $274,337.07 $1,515.68 $0.00 $1,551.14 $277,403.89
127 $277,403.89 $1,515.68 $0.00 $1,568.48 $280,488.05
128 $280,488.05 $1,515.68 $0.00 $1,585.92 $283,589.65
129 $283,589.65 $1,515.68 $0.00 $1,603.46 $286,708.79
130 $286,708.79 $1,515.68 $0.00 $1,621.09 $289,845.56
131 $289,845.56 $1,515.68 $0.00 $1,638.83 $293,000.07
132 $293,000.07 $1,515.68 $0.00 $1,656.66 $296,172.41
133 $296,172.41 $1,515.68 $0.00 $1,674.60 $299,362.69
134 $299,362.69 $1,515.68 $0.00 $1,692.64 $302,571.01
135 $302,571.01 $1,515.68 $0.00 $1,710.78 $305,797.47
136 $305,797.47 $1,515.68 $0.00 $1,729.02 $309,042.17
137 $309,042.17 $1,515.68 $0.00 $1,747.37 $312,305.22
138 $312,305.22 $1,515.68 $0.00 $1,765.82 $315,586.72
139 $315,586.72 $1,515.68 $0.00 $1,784.37 $318,886.77
140 $318,886.77 $1,515.68 $0.00 $1,803.03 $322,205.48
141 $322,205.48 $1,515.68 $0.00 $1,821.80 $325,542.96
142 $325,542.96 $1,515.68 $0.00 $1,840.67 $328,899.31
143 $328,899.31 $1,515.68 $0.00 $1,859.64 $332,274.63
144 $332,274.63 $1,515.68 $0.00 $1,878.73 $335,669.04
145 $335,669.04 $1,515.68 $0.00 $1,897.92 $339,082.64
146 $339,082.64 $1,515.68 $0.00 $1,917.22 $342,515.54
147 $342,515.54 $1,515.68 $0.00 $1,936.63 $345,967.85
148 $345,967.85 $1,515.68 $0.00 $1,956.15 $349,439.68
149 $349,439.68 $1,515.68 $0.00 $1,975.78 $352,931.14
150 $352,931.14 $1,515.68 $0.00 $1,995.52 $356,442.34
151 $356,442.34 $1,515.68 $0.00 $2,015.38 $359,973.40
152 $359,973.40 $1,515.68 $0.00 $2,035.34 $363,524.42
153 $363,524.42 $1,515.68 $0.00 $2,055.42 $367,095.52
154 $367,095.52 $1,515.68 $0.00 $2,075.61 $370,686.81
155 $370,686.81 $1,515.68 $0.00 $2,095.92 $374,298.41
156 $374,298.41 $1,515.68 $0.00 $2,116.34 $377,930.43
157 $377,930.43 $1,515.68 $0.00 $2,136.87 $381,582.98
158 $381,582.98 $1,515.68 $0.00 $2,157.53 $385,256.19
159 $385,256.19 $1,515.68 $0.00 $2,178.29 $388,950.16
160 $388,950.16 $1,515.68 $0.00 $2,199.18 $392,665.02
161 $392,665.02 $1,515.68 $0.00 $2,220.19 $396,400.89
162 $396,400.89 $1,515.68 $0.00 $2,241.31 $400,157.88
163 $400,157.88 $1,515.68 $0.00 $2,262.55 $403,936.11
164 $403,936.11 $1,515.68 $0.00 $2,283.91 $407,735.70
165 $407,735.70 $1,515.68 $0.00 $2,305.40 $411,556.78
166 $411,556.78 $1,515.68 $0.00 $2,327.00 $415,399.46
167 $415,399.46 $1,515.68 $0.00 $2,348.73 $419,263.87
168 $419,263.87 $1,515.68 $0.00 $2,370.58 $423,150.13
169 $423,150.13 $1,515.68 $0.00 $2,392.55 $427,058.36
170 $427,058.36 $1,515.68 $0.00 $2,414.65 $430,988.69
171 $430,988.69 $1,515.68 $0.00 $2,436.87 $434,941.24
172 $434,941.24 $1,515.68 $0.00 $2,459.22 $438,916.14
173 $438,916.14 $1,515.68 $0.00 $2,481.70 $442,913.52
174 $442,913.52 $1,515.68 $0.00 $2,504.30 $446,933.50
175 $446,933.50 $1,515.68 $0.00 $2,527.03 $450,976.21
176 $450,976.21 $1,515.68 $0.00 $2,549.89 $455,041.78
177 $455,041.78 $1,515.68 $0.00 $2,572.87 $459,130.33
178 $459,130.33 $1,515.68 $0.00 $2,595.99 $463,242.00
179 $463,242.00 $1,515.68 $0.00 $2,619.24 $467,376.92
180 $467,376.92 $1,515.68 $0.00 $2,642.62 $471,535.22
181 $471,535.22 $1,515.68 $0.00 $2,666.13 $475,717.03
182 $475,717.03 $1,515.68 $0.00 $2,689.77 $479,922.48
183 $479,922.48 $1,515.68 $0.00 $2,713.55 $484,151.71
184 $484,151.71 $1,515.68 $0.00 $2,737.46 $488,404.85
185 $488,404.85 $1,515.68 $0.00 $2,761.51 $492,682.04
186 $492,682.04 $1,515.68 $0.00 $2,785.70 $496,983.42
187 $496,983.42 $1,515.68 $0.00 $2,810.02 $501,309.12
188 $501,309.12 $1,515.68 $0.00 $2,834.47 $505,659.27
189 $505,659.27 $1,515.68 $0.00 $2,859.07 $510,034.02
190 $510,034.02 $1,515.68 $0.00 $2,883.81 $514,433.51
191 $514,433.51 $1,515.68 $0.00 $2,908.68 $518,857.87
192 $518,857.87 $1,515.68 $0.00 $2,933.70 $523,307.25
193 $523,307.25 $1,515.68 $0.00 $2,958.86 $527,781.79
194 $527,781.79 $1,515.68 $0.00 $2,984.15 $532,281.62
195 $532,281.62 $1,515.68 $0.00 $3,009.60 $536,806.90
196 $536,806.90 $1,515.68 $0.00 $3,035.18 $541,357.76
197 $541,357.76 $1,515.68 $0.00 $3,060.92 $545,934.36
198 $545,934.36 $1,515.68 $0.00 $3,086.79 $550,536.83
199 $550,536.83 $1,515.68 $0.00 $3,112.82 $555,165.33
200 $555,165.33 $1,515.68 $0.00 $3,138.99 $559,820.00
201 $559,820.00 $1,515.68 $0.00 $3,165.30 $564,500.98
202 $564,500.98 $1,515.68 $0.00 $3,191.77 $569,208.43
203 $569,208.43 $1,515.68 $0.00 $3,218.39 $573,942.50
204 $573,942.50 $1,515.68 $0.00 $3,245.15 $578,703.33
205 $578,703.33 $1,515.68 $0.00 $3,272.07 $583,491.08
206 $583,491.08 $1,515.68 $0.00 $3,299.14 $588,305.90
207 $588,305.90 $1,515.68 $0.00 $3,326.37 $593,147.95
208 $593,147.95 $1,515.68 $0.00 $3,353.74 $598,017.37
209 $598,017.37 $1,515.68 $0.00 $3,381.28 $602,914.33
210 $602,914.33 $1,515.68 $0.00 $3,408.97 $607,838.98
211 $607,838.98 $1,515.68 $0.00 $3,436.81 $612,791.47
212 $612,791.47 $1,515.68 $0.00 $3,464.81 $617,771.96
213 $617,771.96 $1,515.68 $0.00 $3,492.97 $622,780.61
214 $622,780.61 $1,515.68 $0.00 $3,521.29 $627,817.58
215 $627,817.58 $1,515.68 $0.00 $3,549.77 $632,883.03
216 $632,883.03 $1,515.68 $0.00 $3,578.41 $637,977.12
217 $637,977.12 $1,515.68 $172,775.38 $3,607.22 $470,324.64
218 $470,324.64 $1,515.68 $0.00 $2,659.28 $474,499.60
219 $474,499.60 $1,515.68 $0.00 $2,682.89 $478,698.17
220 $478,698.17 $1,515.68 $0.00 $2,706.63 $482,920.48
221 $482,920.48 $1,515.68 $0.00 $2,730.50 $487,166.66
222 $487,166.66 $1,515.68 $0.00 $2,754.51 $491,436.85
223 $491,436.85 $1,515.68 $0.00 $2,778.66 $495,731.19
224 $495,731.19 $1,515.68 $0.00 $2,802.94 $500,049.81
225 $500,049.81 $1,515.68 $0.00 $2,827.35 $504,392.84
226 $504,392.84 $1,515.68 $0.00 $2,851.91 $508,760.43
227 $508,760.43 $1,515.68 $0.00 $2,876.61 $513,152.72
228 $513,152.72 $1,515.68 $0.00 $2,901.44 $517,569.84
229 $517,569.84 $1,515.68 $184,869.65 $2,926.42 $337,142.29
230 $337,142.29 $1,515.68 $0.00 $1,906.25 $340,564.22
231 $340,564.22 $1,515.68 $0.00 $1,925.60 $344,005.50
232 $344,005.50 $1,515.68 $0.00 $1,945.06 $347,466.24
233 $347,466.24 $1,515.68 $0.00 $1,964.62 $350,946.54
234 $350,946.54 $1,515.68 $0.00 $1,984.30 $354,446.52
235 $354,446.52 $1,515.68 $0.00 $2,004.09 $357,966.29
236 $357,966.29 $1,515.68 $0.00 $2,023.99 $361,505.96
237 $361,505.96 $1,515.68 $0.00 $2,044.01 $365,065.65
238 $365,065.65 $1,515.68 $0.00 $2,064.13 $368,645.46
239 $368,645.46 $1,515.68 $0.00 $2,084.38 $372,245.52
240 $372,245.52 $1,515.68 $0.00 $2,104.73 $375,865.93
241 $375,865.93 $1,515.68 $197,810.53 $2,125.20 $181,696.28
242 $181,696.28 $1,515.68 $0.00 $1,027.34 $184,239.30
243 $184,239.30 $1,515.68 $0.00 $1,041.72 $186,796.70
244 $186,796.70 $1,515.68 $0.00 $1,056.18 $189,368.56
245 $189,368.56 $1,515.68 $0.00 $1,070.72 $191,954.96
246 $191,954.96 $1,515.68 $0.00 $1,085.34 $194,555.98
247 $194,555.98 $1,515.68 $0.00 $1,100.05 $197,171.71
248 $197,171.71 $1,515.68 $0.00 $1,114.84 $199,802.23
249 $199,802.23 $1,515.68 $0.00 $1,129.71 $202,447.62
250 $202,447.62 $1,515.68 $0.00 $1,144.67 $205,107.97
251 $205,107.97 $1,515.68 $0.00 $1,159.71 $207,783.36
252 $207,783.36 $1,515.68 $0.00 $1,174.84 $210,473.88
253 $210,473.88 $0.00 $211,657.27 $1,190.05 $6.66