## Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2038 \$121,155 Monthly savings required \$959

How much will it cost to send your child to Defiance College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at \$484,618.60 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of \$959.04 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 \$46,720.00 Years until enrollment 18 Annual Tuition Increase 5% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 4

## Current Savings Shortfall

### College Savings Calculator

Discover how much will you need to start saving now to afford Defiance College in the future.

## College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$959.04 \$0.00 \$0.00 \$959.04
2 \$959.04 \$959.04 \$0.00 \$5.42 \$1,923.50
3 \$1,923.50 \$959.04 \$0.00 \$10.88 \$2,893.42
4 \$2,893.42 \$959.04 \$0.00 \$16.36 \$3,868.82
5 \$3,868.82 \$959.04 \$0.00 \$21.87 \$4,849.73
6 \$4,849.73 \$959.04 \$0.00 \$27.42 \$5,836.19
7 \$5,836.19 \$959.04 \$0.00 \$33.00 \$6,828.23
8 \$6,828.23 \$959.04 \$0.00 \$38.61 \$7,825.88
9 \$7,825.88 \$959.04 \$0.00 \$44.25 \$8,829.17
10 \$8,829.17 \$959.04 \$0.00 \$49.92 \$9,838.13
11 \$9,838.13 \$959.04 \$0.00 \$55.63 \$10,852.80
12 \$10,852.80 \$959.04 \$0.00 \$61.36 \$11,873.20
13 \$11,873.20 \$959.04 \$0.00 \$67.13 \$12,899.37
14 \$12,899.37 \$959.04 \$0.00 \$72.93 \$13,931.34
15 \$13,931.34 \$959.04 \$0.00 \$78.77 \$14,969.15
16 \$14,969.15 \$959.04 \$0.00 \$84.64 \$16,012.83
17 \$16,012.83 \$959.04 \$0.00 \$90.54 \$17,062.41
18 \$17,062.41 \$959.04 \$0.00 \$96.47 \$18,117.92
19 \$18,117.92 \$959.04 \$0.00 \$102.44 \$19,179.40
20 \$19,179.40 \$959.04 \$0.00 \$108.44 \$20,246.88
21 \$20,246.88 \$959.04 \$0.00 \$114.48 \$21,320.40
22 \$21,320.40 \$959.04 \$0.00 \$120.55 \$22,399.99
23 \$22,399.99 \$959.04 \$0.00 \$126.65 \$23,485.68
24 \$23,485.68 \$959.04 \$0.00 \$132.79 \$24,577.51
25 \$24,577.51 \$959.04 \$0.00 \$138.96 \$25,675.51
26 \$25,675.51 \$959.04 \$0.00 \$145.17 \$26,779.72
27 \$26,779.72 \$959.04 \$0.00 \$151.42 \$27,890.18
28 \$27,890.18 \$959.04 \$0.00 \$157.70 \$29,006.92
29 \$29,006.92 \$959.04 \$0.00 \$164.01 \$30,129.97
30 \$30,129.97 \$959.04 \$0.00 \$170.36 \$31,259.37
31 \$31,259.37 \$959.04 \$0.00 \$176.75 \$32,395.16
32 \$32,395.16 \$959.04 \$0.00 \$183.17 \$33,537.37
33 \$33,537.37 \$959.04 \$0.00 \$189.63 \$34,686.04
34 \$34,686.04 \$959.04 \$0.00 \$196.12 \$35,841.20
35 \$35,841.20 \$959.04 \$0.00 \$202.65 \$37,002.89
36 \$37,002.89 \$959.04 \$0.00 \$209.22 \$38,171.15
37 \$38,171.15 \$959.04 \$0.00 \$215.83 \$39,346.02
38 \$39,346.02 \$959.04 \$0.00 \$222.47 \$40,527.53
39 \$40,527.53 \$959.04 \$0.00 \$229.15 \$41,715.72
40 \$41,715.72 \$959.04 \$0.00 \$235.87 \$42,910.63
41 \$42,910.63 \$959.04 \$0.00 \$242.62 \$44,112.29
42 \$44,112.29 \$959.04 \$0.00 \$249.42 \$45,320.75
43 \$45,320.75 \$959.04 \$0.00 \$256.25 \$46,536.04
44 \$46,536.04 \$959.04 \$0.00 \$263.12 \$47,758.20
45 \$47,758.20 \$959.04 \$0.00 \$270.03 \$48,987.27
46 \$48,987.27 \$959.04 \$0.00 \$276.98 \$50,223.29
47 \$50,223.29 \$959.04 \$0.00 \$283.97 \$51,466.30
48 \$51,466.30 \$959.04 \$0.00 \$291.00 \$52,716.34
49 \$52,716.34 \$959.04 \$0.00 \$298.07 \$53,973.45
50 \$53,973.45 \$959.04 \$0.00 \$305.17 \$55,237.66
51 \$55,237.66 \$959.04 \$0.00 \$312.32 \$56,509.02
52 \$56,509.02 \$959.04 \$0.00 \$319.51 \$57,787.57
53 \$57,787.57 \$959.04 \$0.00 \$326.74 \$59,073.35
54 \$59,073.35 \$959.04 \$0.00 \$334.01 \$60,366.40
55 \$60,366.40 \$959.04 \$0.00 \$341.32 \$61,666.76
56 \$61,666.76 \$959.04 \$0.00 \$348.67 \$62,974.47
57 \$62,974.47 \$959.04 \$0.00 \$356.07 \$64,289.58
58 \$64,289.58 \$959.04 \$0.00 \$363.50 \$65,612.12
59 \$65,612.12 \$959.04 \$0.00 \$370.98 \$66,942.14
60 \$66,942.14 \$959.04 \$0.00 \$378.50 \$68,279.68
61 \$68,279.68 \$959.04 \$0.00 \$386.06 \$69,624.78
62 \$69,624.78 \$959.04 \$0.00 \$393.67 \$70,977.49
63 \$70,977.49 \$959.04 \$0.00 \$401.32 \$72,337.85
64 \$72,337.85 \$959.04 \$0.00 \$409.01 \$73,705.90
65 \$73,705.90 \$959.04 \$0.00 \$416.74 \$75,081.68
66 \$75,081.68 \$959.04 \$0.00 \$424.52 \$76,465.24
67 \$76,465.24 \$959.04 \$0.00 \$432.35 \$77,856.63
68 \$77,856.63 \$959.04 \$0.00 \$440.21 \$79,255.88
69 \$79,255.88 \$959.04 \$0.00 \$448.12 \$80,663.04
70 \$80,663.04 \$959.04 \$0.00 \$456.08 \$82,078.16
71 \$82,078.16 \$959.04 \$0.00 \$464.08 \$83,501.28
72 \$83,501.28 \$959.04 \$0.00 \$472.13 \$84,932.45
73 \$84,932.45 \$959.04 \$0.00 \$480.22 \$86,371.71
74 \$86,371.71 \$959.04 \$0.00 \$488.36 \$87,819.11
75 \$87,819.11 \$959.04 \$0.00 \$496.54 \$89,274.69
76 \$89,274.69 \$959.04 \$0.00 \$504.77 \$90,738.50
77 \$90,738.50 \$959.04 \$0.00 \$513.05 \$92,210.59
78 \$92,210.59 \$959.04 \$0.00 \$521.37 \$93,691.00
79 \$93,691.00 \$959.04 \$0.00 \$529.74 \$95,179.78
80 \$95,179.78 \$959.04 \$0.00 \$538.16 \$96,676.98
81 \$96,676.98 \$959.04 \$0.00 \$546.63 \$98,182.65
82 \$98,182.65 \$959.04 \$0.00 \$555.14 \$99,696.83
83 \$99,696.83 \$959.04 \$0.00 \$563.70 \$101,219.57
84 \$101,219.57 \$959.04 \$0.00 \$572.31 \$102,750.92
85 \$102,750.92 \$959.04 \$0.00 \$580.97 \$104,290.93
86 \$104,290.93 \$959.04 \$0.00 \$589.68 \$105,839.65
87 \$105,839.65 \$959.04 \$0.00 \$598.43 \$107,397.12
88 \$107,397.12 \$959.04 \$0.00 \$607.24 \$108,963.40
89 \$108,963.40 \$959.04 \$0.00 \$616.09 \$110,538.53
90 \$110,538.53 \$959.04 \$0.00 \$625.00 \$112,122.57
91 \$112,122.57 \$959.04 \$0.00 \$633.96 \$113,715.57
92 \$113,715.57 \$959.04 \$0.00 \$642.96 \$115,317.57
93 \$115,317.57 \$959.04 \$0.00 \$652.02 \$116,928.63
94 \$116,928.63 \$959.04 \$0.00 \$661.13 \$118,548.80
95 \$118,548.80 \$959.04 \$0.00 \$670.29 \$120,178.13
96 \$120,178.13 \$959.04 \$0.00 \$679.50 \$121,816.67
97 \$121,816.67 \$959.04 \$0.00 \$688.77 \$123,464.48
98 \$123,464.48 \$959.04 \$0.00 \$698.09 \$125,121.61
99 \$125,121.61 \$959.04 \$0.00 \$707.46 \$126,788.11
100 \$126,788.11 \$959.04 \$0.00 \$716.88 \$128,464.03
101 \$128,464.03 \$959.04 \$0.00 \$726.35 \$130,149.42
102 \$130,149.42 \$959.04 \$0.00 \$735.88 \$131,844.34
103 \$131,844.34 \$959.04 \$0.00 \$745.47 \$133,548.85
104 \$133,548.85 \$959.04 \$0.00 \$755.10 \$135,262.99
105 \$135,262.99 \$959.04 \$0.00 \$764.80 \$136,986.83
106 \$136,986.83 \$959.04 \$0.00 \$774.54 \$138,720.41
107 \$138,720.41 \$959.04 \$0.00 \$784.35 \$140,463.80
108 \$140,463.80 \$959.04 \$0.00 \$794.20 \$142,217.04
109 \$142,217.04 \$959.04 \$0.00 \$804.12 \$143,980.20
110 \$143,980.20 \$959.04 \$0.00 \$814.08 \$145,753.32
111 \$145,753.32 \$959.04 \$0.00 \$824.11 \$147,536.47
112 \$147,536.47 \$959.04 \$0.00 \$834.19 \$149,329.70
113 \$149,329.70 \$959.04 \$0.00 \$844.33 \$151,133.07
114 \$151,133.07 \$959.04 \$0.00 \$854.53 \$152,946.64
115 \$152,946.64 \$959.04 \$0.00 \$864.78 \$154,770.46
116 \$154,770.46 \$959.04 \$0.00 \$875.09 \$156,604.59
117 \$156,604.59 \$959.04 \$0.00 \$885.47 \$158,449.10
118 \$158,449.10 \$959.04 \$0.00 \$895.89 \$160,304.03
119 \$160,304.03 \$959.04 \$0.00 \$906.38 \$162,169.45
120 \$162,169.45 \$959.04 \$0.00 \$916.93 \$164,045.42
121 \$164,045.42 \$959.04 \$0.00 \$927.54 \$165,932.00
122 \$165,932.00 \$959.04 \$0.00 \$938.20 \$167,829.24
123 \$167,829.24 \$959.04 \$0.00 \$948.93 \$169,737.21
124 \$169,737.21 \$959.04 \$0.00 \$959.72 \$171,655.97
125 \$171,655.97 \$959.04 \$0.00 \$970.57 \$173,585.58
126 \$173,585.58 \$959.04 \$0.00 \$981.48 \$175,526.10
127 \$175,526.10 \$959.04 \$0.00 \$992.45 \$177,477.59
128 \$177,477.59 \$959.04 \$0.00 \$1,003.48 \$179,440.11
129 \$179,440.11 \$959.04 \$0.00 \$1,014.58 \$181,413.73
130 \$181,413.73 \$959.04 \$0.00 \$1,025.74 \$183,398.51
131 \$183,398.51 \$959.04 \$0.00 \$1,036.96 \$185,394.51
132 \$185,394.51 \$959.04 \$0.00 \$1,048.25 \$187,401.80
133 \$187,401.80 \$959.04 \$0.00 \$1,059.60 \$189,420.44
134 \$189,420.44 \$959.04 \$0.00 \$1,071.01 \$191,450.49
135 \$191,450.49 \$959.04 \$0.00 \$1,082.49 \$193,492.02
136 \$193,492.02 \$959.04 \$0.00 \$1,094.03 \$195,545.09
137 \$195,545.09 \$959.04 \$0.00 \$1,105.64 \$197,609.77
138 \$197,609.77 \$959.04 \$0.00 \$1,117.31 \$199,686.12
139 \$199,686.12 \$959.04 \$0.00 \$1,129.05 \$201,774.21
140 \$201,774.21 \$959.04 \$0.00 \$1,140.86 \$203,874.11
141 \$203,874.11 \$959.04 \$0.00 \$1,152.73 \$205,985.88
142 \$205,985.88 \$959.04 \$0.00 \$1,164.67 \$208,109.59
143 \$208,109.59 \$959.04 \$0.00 \$1,176.68 \$210,245.31
144 \$210,245.31 \$959.04 \$0.00 \$1,188.76 \$212,393.11
145 \$212,393.11 \$959.04 \$0.00 \$1,200.90 \$214,553.05
146 \$214,553.05 \$959.04 \$0.00 \$1,213.11 \$216,725.20
147 \$216,725.20 \$959.04 \$0.00 \$1,225.40 \$218,909.64
148 \$218,909.64 \$959.04 \$0.00 \$1,237.75 \$221,106.43
149 \$221,106.43 \$959.04 \$0.00 \$1,250.17 \$223,315.64
150 \$223,315.64 \$959.04 \$0.00 \$1,262.66 \$225,537.34
151 \$225,537.34 \$959.04 \$0.00 \$1,275.22 \$227,771.60
152 \$227,771.60 \$959.04 \$0.00 \$1,287.85 \$230,018.49
153 \$230,018.49 \$959.04 \$0.00 \$1,300.56 \$232,278.09
154 \$232,278.09 \$959.04 \$0.00 \$1,313.33 \$234,550.46
155 \$234,550.46 \$959.04 \$0.00 \$1,326.18 \$236,835.68
156 \$236,835.68 \$959.04 \$0.00 \$1,339.10 \$239,133.82
157 \$239,133.82 \$959.04 \$0.00 \$1,352.10 \$241,444.96
158 \$241,444.96 \$959.04 \$0.00 \$1,365.16 \$243,769.16
159 \$243,769.16 \$959.04 \$0.00 \$1,378.31 \$246,106.51
160 \$246,106.51 \$959.04 \$0.00 \$1,391.52 \$248,457.07
161 \$248,457.07 \$959.04 \$0.00 \$1,404.81 \$250,820.92
162 \$250,820.92 \$959.04 \$0.00 \$1,418.18 \$253,198.14
163 \$253,198.14 \$959.04 \$0.00 \$1,431.62 \$255,588.80
164 \$255,588.80 \$959.04 \$0.00 \$1,445.14 \$257,992.98
165 \$257,992.98 \$959.04 \$0.00 \$1,458.73 \$260,410.75
166 \$260,410.75 \$959.04 \$0.00 \$1,472.40 \$262,842.19
167 \$262,842.19 \$959.04 \$0.00 \$1,486.15 \$265,287.38
168 \$265,287.38 \$959.04 \$0.00 \$1,499.97 \$267,746.39
169 \$267,746.39 \$959.04 \$0.00 \$1,513.88 \$270,219.31
170 \$270,219.31 \$959.04 \$0.00 \$1,527.86 \$272,706.21
171 \$272,706.21 \$959.04 \$0.00 \$1,541.92 \$275,207.17
172 \$275,207.17 \$959.04 \$0.00 \$1,556.06 \$277,722.27
173 \$277,722.27 \$959.04 \$0.00 \$1,570.28 \$280,251.59
174 \$280,251.59 \$959.04 \$0.00 \$1,584.58 \$282,795.21
175 \$282,795.21 \$959.04 \$0.00 \$1,598.97 \$285,353.22
176 \$285,353.22 \$959.04 \$0.00 \$1,613.43 \$287,925.69
177 \$287,925.69 \$959.04 \$0.00 \$1,627.97 \$290,512.70
178 \$290,512.70 \$959.04 \$0.00 \$1,642.60 \$293,114.34
179 \$293,114.34 \$959.04 \$0.00 \$1,657.31 \$295,730.69
180 \$295,730.69 \$959.04 \$0.00 \$1,672.10 \$298,361.83
181 \$298,361.83 \$959.04 \$0.00 \$1,686.98 \$301,007.85
182 \$301,007.85 \$959.04 \$0.00 \$1,701.94 \$303,668.83
183 \$303,668.83 \$959.04 \$0.00 \$1,716.99 \$306,344.86
184 \$306,344.86 \$959.04 \$0.00 \$1,732.12 \$309,036.02
185 \$309,036.02 \$959.04 \$0.00 \$1,747.33 \$311,742.39
186 \$311,742.39 \$959.04 \$0.00 \$1,762.64 \$314,464.07
187 \$314,464.07 \$959.04 \$0.00 \$1,778.03 \$317,201.14
188 \$317,201.14 \$959.04 \$0.00 \$1,793.50 \$319,953.68
189 \$319,953.68 \$959.04 \$0.00 \$1,809.06 \$322,721.78
190 \$322,721.78 \$959.04 \$0.00 \$1,824.72 \$325,505.54
191 \$325,505.54 \$959.04 \$0.00 \$1,840.46 \$328,305.04
192 \$328,305.04 \$959.04 \$0.00 \$1,856.28 \$331,120.36
193 \$331,120.36 \$959.04 \$0.00 \$1,872.20 \$333,951.60
194 \$333,951.60 \$959.04 \$0.00 \$1,888.21 \$336,798.85
195 \$336,798.85 \$959.04 \$0.00 \$1,904.31 \$339,662.20
196 \$339,662.20 \$959.04 \$0.00 \$1,920.50 \$342,541.74
197 \$342,541.74 \$959.04 \$0.00 \$1,936.78 \$345,437.56
198 \$345,437.56 \$959.04 \$0.00 \$1,953.15 \$348,349.75
199 \$348,349.75 \$959.04 \$0.00 \$1,969.62 \$351,278.41
200 \$351,278.41 \$959.04 \$0.00 \$1,986.18 \$354,223.63
201 \$354,223.63 \$959.04 \$0.00 \$2,002.83 \$357,185.50
202 \$357,185.50 \$959.04 \$0.00 \$2,019.58 \$360,164.12
203 \$360,164.12 \$959.04 \$0.00 \$2,036.42 \$363,159.58
204 \$363,159.58 \$959.04 \$0.00 \$2,053.36 \$366,171.98
205 \$366,171.98 \$959.04 \$0.00 \$2,070.39 \$369,201.41
206 \$369,201.41 \$959.04 \$0.00 \$2,087.52 \$372,247.97
207 \$372,247.97 \$959.04 \$0.00 \$2,104.74 \$375,311.75
208 \$375,311.75 \$959.04 \$0.00 \$2,122.07 \$378,392.86
209 \$378,392.86 \$959.04 \$0.00 \$2,139.49 \$381,491.39
210 \$381,491.39 \$959.04 \$0.00 \$2,157.01 \$384,607.44
211 \$384,607.44 \$959.04 \$0.00 \$2,174.63 \$387,741.11
212 \$387,741.11 \$959.04 \$0.00 \$2,192.34 \$390,892.49
213 \$390,892.49 \$959.04 \$0.00 \$2,210.16 \$394,061.69
214 \$394,061.69 \$959.04 \$0.00 \$2,228.08 \$397,248.81
215 \$397,248.81 \$959.04 \$0.00 \$2,246.10 \$400,453.95
216 \$400,453.95 \$959.04 \$0.00 \$2,264.22 \$403,677.21
217 \$403,677.21 \$959.04 \$112,437.25 \$2,282.45 \$294,481.45
218 \$294,481.45 \$959.04 \$0.00 \$1,665.04 \$297,105.53
219 \$297,105.53 \$959.04 \$0.00 \$1,679.88 \$299,744.45
220 \$299,744.45 \$959.04 \$0.00 \$1,694.80 \$302,398.29
221 \$302,398.29 \$959.04 \$0.00 \$1,709.80 \$305,067.13
222 \$305,067.13 \$959.04 \$0.00 \$1,724.89 \$307,751.06
223 \$307,751.06 \$959.04 \$0.00 \$1,740.07 \$310,450.17
224 \$310,450.17 \$959.04 \$0.00 \$1,755.33 \$313,164.54
225 \$313,164.54 \$959.04 \$0.00 \$1,770.68 \$315,894.26
226 \$315,894.26 \$959.04 \$0.00 \$1,786.11 \$318,639.41
227 \$318,639.41 \$959.04 \$0.00 \$1,801.63 \$321,400.08
228 \$321,400.08 \$959.04 \$0.00 \$1,817.24 \$324,176.36
229 \$324,176.36 \$959.04 \$118,059.11 \$1,832.94 \$208,909.23
230 \$208,909.23 \$959.04 \$0.00 \$1,181.20 \$211,049.47
231 \$211,049.47 \$959.04 \$0.00 \$1,193.30 \$213,201.81
232 \$213,201.81 \$959.04 \$0.00 \$1,205.47 \$215,366.32
233 \$215,366.32 \$959.04 \$0.00 \$1,217.71 \$217,543.07
234 \$217,543.07 \$959.04 \$0.00 \$1,230.02 \$219,732.13
235 \$219,732.13 \$959.04 \$0.00 \$1,242.40 \$221,933.57
236 \$221,933.57 \$959.04 \$0.00 \$1,254.84 \$224,147.45
237 \$224,147.45 \$959.04 \$0.00 \$1,267.36 \$226,373.85
238 \$226,373.85 \$959.04 \$0.00 \$1,279.95 \$228,612.84
239 \$228,612.84 \$959.04 \$0.00 \$1,292.61 \$230,864.49
240 \$230,864.49 \$959.04 \$0.00 \$1,305.34 \$233,128.87
241 \$233,128.87 \$959.04 \$123,962.07 \$1,318.14 \$111,443.98
242 \$111,443.98 \$959.04 \$0.00 \$630.12 \$113,033.14
243 \$113,033.14 \$959.04 \$0.00 \$639.11 \$114,631.29
244 \$114,631.29 \$959.04 \$0.00 \$648.14 \$116,238.47
245 \$116,238.47 \$959.04 \$0.00 \$657.23 \$117,854.74
246 \$117,854.74 \$959.04 \$0.00 \$666.37 \$119,480.15
247 \$119,480.15 \$959.04 \$0.00 \$675.56 \$121,114.75
248 \$121,114.75 \$959.04 \$0.00 \$684.80 \$122,758.59
249 \$122,758.59 \$959.04 \$0.00 \$694.09 \$124,411.72
250 \$124,411.72 \$959.04 \$0.00 \$703.44 \$126,074.20
251 \$126,074.20 \$959.04 \$0.00 \$712.84 \$127,746.08
252 \$127,746.08 \$959.04 \$0.00 \$722.29 \$129,427.41
253 \$129,427.41 \$0.00 \$130,160.17 \$731.80 (\$0.96)