Savings Plan and Future Cost Estimation for Cedarville University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$114,817
Monthly savings required$909

How much will it cost to send your child to Cedarville University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $459,267.41 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $908.87 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$44,276.00
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 $908.87 $0.00 $0.00 $908.87
2 $908.87 $908.87 $0.00 $5.14 $1,822.88
3 $1,822.88 $908.87 $0.00 $10.31 $2,742.06
4 $2,742.06 $908.87 $0.00 $15.50 $3,666.43
5 $3,666.43 $908.87 $0.00 $20.73 $4,596.03
6 $4,596.03 $908.87 $0.00 $25.99 $5,530.89
7 $5,530.89 $908.87 $0.00 $31.27 $6,471.03
8 $6,471.03 $908.87 $0.00 $36.59 $7,416.49
9 $7,416.49 $908.87 $0.00 $41.93 $8,367.29
10 $8,367.29 $908.87 $0.00 $47.31 $9,323.47
11 $9,323.47 $908.87 $0.00 $52.72 $10,285.06
12 $10,285.06 $908.87 $0.00 $58.15 $11,252.08
13 $11,252.08 $908.87 $0.00 $63.62 $12,224.57
14 $12,224.57 $908.87 $0.00 $69.12 $13,202.56
15 $13,202.56 $908.87 $0.00 $74.65 $14,186.08
16 $14,186.08 $908.87 $0.00 $80.21 $15,175.16
17 $15,175.16 $908.87 $0.00 $85.80 $16,169.83
18 $16,169.83 $908.87 $0.00 $91.43 $17,170.13
19 $17,170.13 $908.87 $0.00 $97.08 $18,176.08
20 $18,176.08 $908.87 $0.00 $102.77 $19,187.72
21 $19,187.72 $908.87 $0.00 $108.49 $20,205.08
22 $20,205.08 $908.87 $0.00 $114.24 $21,228.19
23 $21,228.19 $908.87 $0.00 $120.03 $22,257.09
24 $22,257.09 $908.87 $0.00 $125.84 $23,291.80
25 $23,291.80 $908.87 $0.00 $131.70 $24,332.37
26 $24,332.37 $908.87 $0.00 $137.58 $25,378.82
27 $25,378.82 $908.87 $0.00 $143.50 $26,431.19
28 $26,431.19 $908.87 $0.00 $149.45 $27,489.51
29 $27,489.51 $908.87 $0.00 $155.43 $28,553.81
30 $28,553.81 $908.87 $0.00 $161.45 $29,624.13
31 $29,624.13 $908.87 $0.00 $167.50 $30,700.50
32 $30,700.50 $908.87 $0.00 $173.59 $31,782.96
33 $31,782.96 $908.87 $0.00 $179.71 $32,871.54
34 $32,871.54 $908.87 $0.00 $185.86 $33,966.27
35 $33,966.27 $908.87 $0.00 $192.05 $35,067.19
36 $35,067.19 $908.87 $0.00 $198.27 $36,174.33
37 $36,174.33 $908.87 $0.00 $204.53 $37,287.73
38 $37,287.73 $908.87 $0.00 $210.83 $38,407.43
39 $38,407.43 $908.87 $0.00 $217.16 $39,533.46
40 $39,533.46 $908.87 $0.00 $223.53 $40,665.86
41 $40,665.86 $908.87 $0.00 $229.93 $41,804.66
42 $41,804.66 $908.87 $0.00 $236.37 $42,949.90
43 $42,949.90 $908.87 $0.00 $242.84 $44,101.61
44 $44,101.61 $908.87 $0.00 $249.36 $45,259.84
45 $45,259.84 $908.87 $0.00 $255.91 $46,424.62
46 $46,424.62 $908.87 $0.00 $262.49 $47,595.98
47 $47,595.98 $908.87 $0.00 $269.11 $48,773.96
48 $48,773.96 $908.87 $0.00 $275.78 $49,958.61
49 $49,958.61 $908.87 $0.00 $282.47 $51,149.95
50 $51,149.95 $908.87 $0.00 $289.21 $52,348.03
51 $52,348.03 $908.87 $0.00 $295.98 $53,552.88
52 $53,552.88 $908.87 $0.00 $302.80 $54,764.55
53 $54,764.55 $908.87 $0.00 $309.65 $55,983.07
54 $55,983.07 $908.87 $0.00 $316.54 $57,208.48
55 $57,208.48 $908.87 $0.00 $323.47 $58,440.82
56 $58,440.82 $908.87 $0.00 $330.43 $59,680.12
57 $59,680.12 $908.87 $0.00 $337.44 $60,926.43
58 $60,926.43 $908.87 $0.00 $344.49 $62,179.79
59 $62,179.79 $908.87 $0.00 $351.57 $63,440.23
60 $63,440.23 $908.87 $0.00 $358.70 $64,707.80
61 $64,707.80 $908.87 $0.00 $365.87 $65,982.54
62 $65,982.54 $908.87 $0.00 $373.07 $67,264.48
63 $67,264.48 $908.87 $0.00 $380.32 $68,553.67
64 $68,553.67 $908.87 $0.00 $387.61 $69,850.15
65 $69,850.15 $908.87 $0.00 $394.94 $71,153.96
66 $71,153.96 $908.87 $0.00 $402.31 $72,465.14
67 $72,465.14 $908.87 $0.00 $409.73 $73,783.74
68 $73,783.74 $908.87 $0.00 $417.18 $75,109.79
69 $75,109.79 $908.87 $0.00 $424.68 $76,443.34
70 $76,443.34 $908.87 $0.00 $432.22 $77,784.43
71 $77,784.43 $908.87 $0.00 $439.80 $79,133.10
72 $79,133.10 $908.87 $0.00 $447.43 $80,489.40
73 $80,489.40 $908.87 $0.00 $455.10 $81,853.37
74 $81,853.37 $908.87 $0.00 $462.81 $83,225.05
75 $83,225.05 $908.87 $0.00 $470.57 $84,604.49
76 $84,604.49 $908.87 $0.00 $478.37 $85,991.73
77 $85,991.73 $908.87 $0.00 $486.21 $87,386.81
78 $87,386.81 $908.87 $0.00 $494.10 $88,789.78
79 $88,789.78 $908.87 $0.00 $502.03 $90,200.68
80 $90,200.68 $908.87 $0.00 $510.01 $91,619.56
81 $91,619.56 $908.87 $0.00 $518.03 $93,046.46
82 $93,046.46 $908.87 $0.00 $526.10 $94,481.43
83 $94,481.43 $908.87 $0.00 $534.21 $95,924.51
84 $95,924.51 $908.87 $0.00 $542.37 $97,375.75
85 $97,375.75 $908.87 $0.00 $550.58 $98,835.20
86 $98,835.20 $908.87 $0.00 $558.83 $100,302.90
87 $100,302.90 $908.87 $0.00 $567.13 $101,778.90
88 $101,778.90 $908.87 $0.00 $575.47 $103,263.24
89 $103,263.24 $908.87 $0.00 $583.87 $104,755.98
90 $104,755.98 $908.87 $0.00 $592.31 $106,257.16
91 $106,257.16 $908.87 $0.00 $600.79 $107,766.82
92 $107,766.82 $908.87 $0.00 $609.33 $109,285.02
93 $109,285.02 $908.87 $0.00 $617.91 $110,811.80
94 $110,811.80 $908.87 $0.00 $626.55 $112,347.22
95 $112,347.22 $908.87 $0.00 $635.23 $113,891.32
96 $113,891.32 $908.87 $0.00 $643.96 $115,444.15
97 $115,444.15 $908.87 $0.00 $652.74 $117,005.76
98 $117,005.76 $908.87 $0.00 $661.57 $118,576.20
99 $118,576.20 $908.87 $0.00 $670.45 $120,155.52
100 $120,155.52 $908.87 $0.00 $679.38 $121,743.77
101 $121,743.77 $908.87 $0.00 $688.36 $123,341.00
102 $123,341.00 $908.87 $0.00 $697.39 $124,947.26
103 $124,947.26 $908.87 $0.00 $706.47 $126,562.60
104 $126,562.60 $908.87 $0.00 $715.60 $128,187.07
105 $128,187.07 $908.87 $0.00 $724.79 $129,820.73
106 $129,820.73 $908.87 $0.00 $734.03 $131,463.63
107 $131,463.63 $908.87 $0.00 $743.31 $133,115.81
108 $133,115.81 $908.87 $0.00 $752.66 $134,777.34
109 $134,777.34 $908.87 $0.00 $762.05 $136,448.26
110 $136,448.26 $908.87 $0.00 $771.50 $138,128.63
111 $138,128.63 $908.87 $0.00 $781.00 $139,818.50
112 $139,818.50 $908.87 $0.00 $790.55 $141,517.92
113 $141,517.92 $908.87 $0.00 $800.16 $143,226.95
114 $143,226.95 $908.87 $0.00 $809.83 $144,945.65
115 $144,945.65 $908.87 $0.00 $819.54 $146,674.06
116 $146,674.06 $908.87 $0.00 $829.32 $148,412.25
117 $148,412.25 $908.87 $0.00 $839.14 $150,160.26
118 $150,160.26 $908.87 $0.00 $849.03 $151,918.16
119 $151,918.16 $908.87 $0.00 $858.97 $153,686.00
120 $153,686.00 $908.87 $0.00 $868.96 $155,463.83
121 $155,463.83 $908.87 $0.00 $879.02 $157,251.72
122 $157,251.72 $908.87 $0.00 $889.12 $159,049.71
123 $159,049.71 $908.87 $0.00 $899.29 $160,857.87
124 $160,857.87 $908.87 $0.00 $909.51 $162,676.25
125 $162,676.25 $908.87 $0.00 $919.80 $164,504.92
126 $164,504.92 $908.87 $0.00 $930.13 $166,343.92
127 $166,343.92 $908.87 $0.00 $940.53 $168,193.32
128 $168,193.32 $908.87 $0.00 $950.99 $170,053.18
129 $170,053.18 $908.87 $0.00 $961.51 $171,923.56
130 $171,923.56 $908.87 $0.00 $972.08 $173,804.51
131 $173,804.51 $908.87 $0.00 $982.72 $175,696.10
132 $175,696.10 $908.87 $0.00 $993.41 $177,598.38
133 $177,598.38 $908.87 $0.00 $1,004.17 $179,511.42
134 $179,511.42 $908.87 $0.00 $1,014.98 $181,435.27
135 $181,435.27 $908.87 $0.00 $1,025.86 $183,370.00
136 $183,370.00 $908.87 $0.00 $1,036.80 $185,315.67
137 $185,315.67 $908.87 $0.00 $1,047.80 $187,272.34
138 $187,272.34 $908.87 $0.00 $1,058.87 $189,240.08
139 $189,240.08 $908.87 $0.00 $1,069.99 $191,218.94
140 $191,218.94 $908.87 $0.00 $1,081.18 $193,208.99
141 $193,208.99 $908.87 $0.00 $1,092.43 $195,210.29
142 $195,210.29 $908.87 $0.00 $1,103.75 $197,222.91
143 $197,222.91 $908.87 $0.00 $1,115.13 $199,246.91
144 $199,246.91 $908.87 $0.00 $1,126.57 $201,282.35
145 $201,282.35 $908.87 $0.00 $1,138.08 $203,329.30
146 $203,329.30 $908.87 $0.00 $1,149.65 $205,387.82
147 $205,387.82 $908.87 $0.00 $1,161.29 $207,457.98
148 $207,457.98 $908.87 $0.00 $1,173.00 $209,539.85
149 $209,539.85 $908.87 $0.00 $1,184.77 $211,633.49
150 $211,633.49 $908.87 $0.00 $1,196.61 $213,738.97
151 $213,738.97 $908.87 $0.00 $1,208.51 $215,856.35
152 $215,856.35 $908.87 $0.00 $1,220.48 $217,985.70
153 $217,985.70 $908.87 $0.00 $1,232.52 $220,127.09
154 $220,127.09 $908.87 $0.00 $1,244.63 $222,280.59
155 $222,280.59 $908.87 $0.00 $1,256.81 $224,446.27
156 $224,446.27 $908.87 $0.00 $1,269.05 $226,624.19
157 $226,624.19 $908.87 $0.00 $1,281.37 $228,814.43
158 $228,814.43 $908.87 $0.00 $1,293.75 $231,017.05
159 $231,017.05 $908.87 $0.00 $1,306.20 $233,232.12
160 $233,232.12 $908.87 $0.00 $1,318.73 $235,459.72
161 $235,459.72 $908.87 $0.00 $1,331.32 $237,699.91
162 $237,699.91 $908.87 $0.00 $1,343.99 $239,952.77
163 $239,952.77 $908.87 $0.00 $1,356.73 $242,218.37
164 $242,218.37 $908.87 $0.00 $1,369.54 $244,496.78
165 $244,496.78 $908.87 $0.00 $1,382.42 $246,788.07
166 $246,788.07 $908.87 $0.00 $1,395.38 $249,092.32
167 $249,092.32 $908.87 $0.00 $1,408.40 $251,409.59
168 $251,409.59 $908.87 $0.00 $1,421.51 $253,739.97
169 $253,739.97 $908.87 $0.00 $1,434.68 $256,083.52
170 $256,083.52 $908.87 $0.00 $1,447.93 $258,440.32
171 $258,440.32 $908.87 $0.00 $1,461.26 $260,810.45
172 $260,810.45 $908.87 $0.00 $1,474.66 $263,193.98
173 $263,193.98 $908.87 $0.00 $1,488.14 $265,590.99
174 $265,590.99 $908.87 $0.00 $1,501.69 $268,001.55
175 $268,001.55 $908.87 $0.00 $1,515.32 $270,425.74
176 $270,425.74 $908.87 $0.00 $1,529.03 $272,863.64
177 $272,863.64 $908.87 $0.00 $1,542.81 $275,315.32
178 $275,315.32 $908.87 $0.00 $1,556.67 $277,780.86
179 $277,780.86 $908.87 $0.00 $1,570.61 $280,260.34
180 $280,260.34 $908.87 $0.00 $1,584.63 $282,753.84
181 $282,753.84 $908.87 $0.00 $1,598.73 $285,261.44
182 $285,261.44 $908.87 $0.00 $1,612.91 $287,783.22
183 $287,783.22 $908.87 $0.00 $1,627.17 $290,319.26
184 $290,319.26 $908.87 $0.00 $1,641.51 $292,869.64
185 $292,869.64 $908.87 $0.00 $1,655.93 $295,434.44
186 $295,434.44 $908.87 $0.00 $1,670.43 $298,013.74
187 $298,013.74 $908.87 $0.00 $1,685.01 $300,607.62
188 $300,607.62 $908.87 $0.00 $1,699.68 $303,216.17
189 $303,216.17 $908.87 $0.00 $1,714.43 $305,839.47
190 $305,839.47 $908.87 $0.00 $1,729.26 $308,477.60
191 $308,477.60 $908.87 $0.00 $1,744.18 $311,130.65
192 $311,130.65 $908.87 $0.00 $1,759.18 $313,798.70
193 $313,798.70 $908.87 $0.00 $1,774.26 $316,481.83
194 $316,481.83 $908.87 $0.00 $1,789.43 $319,180.13
195 $319,180.13 $908.87 $0.00 $1,804.69 $321,893.69
196 $321,893.69 $908.87 $0.00 $1,820.03 $324,622.59
197 $324,622.59 $908.87 $0.00 $1,835.46 $327,366.92
198 $327,366.92 $908.87 $0.00 $1,850.98 $330,126.77
199 $330,126.77 $908.87 $0.00 $1,866.58 $332,902.22
200 $332,902.22 $908.87 $0.00 $1,882.28 $335,693.37
201 $335,693.37 $908.87 $0.00 $1,898.06 $338,500.30
202 $338,500.30 $908.87 $0.00 $1,913.93 $341,323.10
203 $341,323.10 $908.87 $0.00 $1,929.89 $344,161.86
204 $344,161.86 $908.87 $0.00 $1,945.94 $347,016.67
205 $347,016.67 $908.87 $0.00 $1,962.08 $349,887.62
206 $349,887.62 $908.87 $0.00 $1,978.32 $352,774.81
207 $352,774.81 $908.87 $0.00 $1,994.64 $355,678.32
208 $355,678.32 $908.87 $0.00 $2,011.06 $358,598.25
209 $358,598.25 $908.87 $0.00 $2,027.57 $361,534.69
210 $361,534.69 $908.87 $0.00 $2,044.17 $364,487.73
211 $364,487.73 $908.87 $0.00 $2,060.87 $367,457.47
212 $367,457.47 $908.87 $0.00 $2,077.66 $370,444.00
213 $370,444.00 $908.87 $0.00 $2,094.54 $373,447.41
214 $373,447.41 $908.87 $0.00 $2,111.53 $376,467.81
215 $376,467.81 $908.87 $0.00 $2,128.60 $379,505.28
216 $379,505.28 $908.87 $0.00 $2,145.78 $382,559.93
217 $382,559.93 $908.87 $106,555.47 $2,163.05 $279,076.38
218 $279,076.38 $908.87 $0.00 $1,577.94 $281,563.19
219 $281,563.19 $908.87 $0.00 $1,592.00 $284,064.06
220 $284,064.06 $908.87 $0.00 $1,606.14 $286,579.07
221 $286,579.07 $908.87 $0.00 $1,620.36 $289,108.30
222 $289,108.30 $908.87 $0.00 $1,634.66 $291,651.83
223 $291,651.83 $908.87 $0.00 $1,649.04 $294,209.74
224 $294,209.74 $908.87 $0.00 $1,663.50 $296,782.11
225 $296,782.11 $908.87 $0.00 $1,678.05 $299,369.03
226 $299,369.03 $908.87 $0.00 $1,692.68 $301,970.58
227 $301,970.58 $908.87 $0.00 $1,707.39 $304,586.84
228 $304,586.84 $908.87 $0.00 $1,722.18 $307,217.89
229 $307,217.89 $908.87 $111,883.25 $1,737.05 $197,980.56
230 $197,980.56 $908.87 $0.00 $1,119.41 $200,008.84
231 $200,008.84 $908.87 $0.00 $1,130.88 $202,048.59
232 $202,048.59 $908.87 $0.00 $1,142.41 $204,099.87
233 $204,099.87 $908.87 $0.00 $1,154.01 $206,162.75
234 $206,162.75 $908.87 $0.00 $1,165.67 $208,237.29
235 $208,237.29 $908.87 $0.00 $1,177.40 $210,323.56
236 $210,323.56 $908.87 $0.00 $1,189.20 $212,421.63
237 $212,421.63 $908.87 $0.00 $1,201.06 $214,531.56
238 $214,531.56 $908.87 $0.00 $1,212.99 $216,653.42
239 $216,653.42 $908.87 $0.00 $1,224.99 $218,787.28
240 $218,787.28 $908.87 $0.00 $1,237.06 $220,933.21
241 $220,933.21 $908.87 $117,477.41 $1,249.19 $105,613.86
242 $105,613.86 $908.87 $0.00 $597.16 $107,119.89
243 $107,119.89 $908.87 $0.00 $605.67 $108,634.43
244 $108,634.43 $908.87 $0.00 $614.23 $110,157.53
245 $110,157.53 $908.87 $0.00 $622.85 $111,689.25
246 $111,689.25 $908.87 $0.00 $631.51 $113,229.63
247 $113,229.63 $908.87 $0.00 $640.22 $114,778.72
248 $114,778.72 $908.87 $0.00 $648.98 $116,336.57
249 $116,336.57 $908.87 $0.00 $657.78 $117,903.22
250 $117,903.22 $908.87 $0.00 $666.64 $119,478.73
251 $119,478.73 $908.87 $0.00 $675.55 $121,063.15
252 $121,063.15 $908.87 $0.00 $684.51 $122,656.53
253 $122,656.53 $0.00 $123,351.28 $693.52 ($1.23)