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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$41,595
Monthly savings required$329

How much will it cost to send your child to Gods Bible School and College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $166,380.19 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $329.26 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$16,040.00
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 $329.26 $0.00 $0.00 $329.26
2 $329.26 $329.26 $0.00 $1.86 $660.38
3 $660.38 $329.26 $0.00 $3.73 $993.37
4 $993.37 $329.26 $0.00 $5.62 $1,328.25
5 $1,328.25 $329.26 $0.00 $7.51 $1,665.02
6 $1,665.02 $329.26 $0.00 $9.41 $2,003.69
7 $2,003.69 $329.26 $0.00 $11.33 $2,344.28
8 $2,344.28 $329.26 $0.00 $13.25 $2,686.79
9 $2,686.79 $329.26 $0.00 $15.19 $3,031.24
10 $3,031.24 $329.26 $0.00 $17.14 $3,377.64
11 $3,377.64 $329.26 $0.00 $19.10 $3,726.00
12 $3,726.00 $329.26 $0.00 $21.07 $4,076.33
13 $4,076.33 $329.26 $0.00 $23.05 $4,428.64
14 $4,428.64 $329.26 $0.00 $25.04 $4,782.94
15 $4,782.94 $329.26 $0.00 $27.04 $5,139.24
16 $5,139.24 $329.26 $0.00 $29.06 $5,497.56
17 $5,497.56 $329.26 $0.00 $31.08 $5,857.90
18 $5,857.90 $329.26 $0.00 $33.12 $6,220.28
19 $6,220.28 $329.26 $0.00 $35.17 $6,584.71
20 $6,584.71 $329.26 $0.00 $37.23 $6,951.20
21 $6,951.20 $329.26 $0.00 $39.30 $7,319.76
22 $7,319.76 $329.26 $0.00 $41.39 $7,690.41
23 $7,690.41 $329.26 $0.00 $43.48 $8,063.15
24 $8,063.15 $329.26 $0.00 $45.59 $8,438.00
25 $8,438.00 $329.26 $0.00 $47.71 $8,814.97
26 $8,814.97 $329.26 $0.00 $49.84 $9,194.07
27 $9,194.07 $329.26 $0.00 $51.98 $9,575.31
28 $9,575.31 $329.26 $0.00 $54.14 $9,958.71
29 $9,958.71 $329.26 $0.00 $56.31 $10,344.28
30 $10,344.28 $329.26 $0.00 $58.49 $10,732.03
31 $10,732.03 $329.26 $0.00 $60.68 $11,121.97
32 $11,121.97 $329.26 $0.00 $62.89 $11,514.12
33 $11,514.12 $329.26 $0.00 $65.10 $11,908.48
34 $11,908.48 $329.26 $0.00 $67.33 $12,305.07
35 $12,305.07 $329.26 $0.00 $69.57 $12,703.90
36 $12,703.90 $329.26 $0.00 $71.83 $13,104.99
37 $13,104.99 $329.26 $0.00 $74.10 $13,508.35
38 $13,508.35 $329.26 $0.00 $76.38 $13,913.99
39 $13,913.99 $329.26 $0.00 $78.67 $14,321.92
40 $14,321.92 $329.26 $0.00 $80.98 $14,732.16
41 $14,732.16 $329.26 $0.00 $83.30 $15,144.72
42 $15,144.72 $329.26 $0.00 $85.63 $15,559.61
43 $15,559.61 $329.26 $0.00 $87.98 $15,976.85
44 $15,976.85 $329.26 $0.00 $90.34 $16,396.45
45 $16,396.45 $329.26 $0.00 $92.71 $16,818.42
46 $16,818.42 $329.26 $0.00 $95.09 $17,242.77
47 $17,242.77 $329.26 $0.00 $97.49 $17,669.52
48 $17,669.52 $329.26 $0.00 $99.91 $18,098.69
49 $18,098.69 $329.26 $0.00 $102.33 $18,530.28
50 $18,530.28 $329.26 $0.00 $104.77 $18,964.31
51 $18,964.31 $329.26 $0.00 $107.23 $19,400.80
52 $19,400.80 $329.26 $0.00 $109.69 $19,839.75
53 $19,839.75 $329.26 $0.00 $112.18 $20,281.19
54 $20,281.19 $329.26 $0.00 $114.67 $20,725.12
55 $20,725.12 $329.26 $0.00 $117.18 $21,171.56
56 $21,171.56 $329.26 $0.00 $119.71 $21,620.53
57 $21,620.53 $329.26 $0.00 $122.25 $22,072.04
58 $22,072.04 $329.26 $0.00 $124.80 $22,526.10
59 $22,526.10 $329.26 $0.00 $127.37 $22,982.73
60 $22,982.73 $329.26 $0.00 $129.95 $23,441.94
61 $23,441.94 $329.26 $0.00 $132.54 $23,903.74
62 $23,903.74 $329.26 $0.00 $135.16 $24,368.16
63 $24,368.16 $329.26 $0.00 $137.78 $24,835.20
64 $24,835.20 $329.26 $0.00 $140.42 $25,304.88
65 $25,304.88 $329.26 $0.00 $143.08 $25,777.22
66 $25,777.22 $329.26 $0.00 $145.75 $26,252.23
67 $26,252.23 $329.26 $0.00 $148.43 $26,729.92
68 $26,729.92 $329.26 $0.00 $151.13 $27,210.31
69 $27,210.31 $329.26 $0.00 $153.85 $27,693.42
70 $27,693.42 $329.26 $0.00 $156.58 $28,179.26
71 $28,179.26 $329.26 $0.00 $159.33 $28,667.85
72 $28,667.85 $329.26 $0.00 $162.09 $29,159.20
73 $29,159.20 $329.26 $0.00 $164.87 $29,653.33
74 $29,653.33 $329.26 $0.00 $167.66 $30,150.25
75 $30,150.25 $329.26 $0.00 $170.47 $30,649.98
76 $30,649.98 $329.26 $0.00 $173.30 $31,152.54
77 $31,152.54 $329.26 $0.00 $176.14 $31,657.94
78 $31,657.94 $329.26 $0.00 $179.00 $32,166.20
79 $32,166.20 $329.26 $0.00 $181.87 $32,677.33
80 $32,677.33 $329.26 $0.00 $184.76 $33,191.35
81 $33,191.35 $329.26 $0.00 $187.67 $33,708.28
82 $33,708.28 $329.26 $0.00 $190.59 $34,228.13
83 $34,228.13 $329.26 $0.00 $193.53 $34,750.92
84 $34,750.92 $329.26 $0.00 $196.49 $35,276.67
85 $35,276.67 $329.26 $0.00 $199.46 $35,805.39
86 $35,805.39 $329.26 $0.00 $202.45 $36,337.10
87 $36,337.10 $329.26 $0.00 $205.46 $36,871.82
88 $36,871.82 $329.26 $0.00 $208.48 $37,409.56
89 $37,409.56 $329.26 $0.00 $211.52 $37,950.34
90 $37,950.34 $329.26 $0.00 $214.58 $38,494.18
91 $38,494.18 $329.26 $0.00 $217.65 $39,041.09
92 $39,041.09 $329.26 $0.00 $220.74 $39,591.09
93 $39,591.09 $329.26 $0.00 $223.85 $40,144.20
94 $40,144.20 $329.26 $0.00 $226.98 $40,700.44
95 $40,700.44 $329.26 $0.00 $230.13 $41,259.83
96 $41,259.83 $329.26 $0.00 $233.29 $41,822.38
97 $41,822.38 $329.26 $0.00 $236.47 $42,388.11
98 $42,388.11 $329.26 $0.00 $239.67 $42,957.04
99 $42,957.04 $329.26 $0.00 $242.89 $43,529.19
100 $43,529.19 $329.26 $0.00 $246.12 $44,104.57
101 $44,104.57 $329.26 $0.00 $249.37 $44,683.20
102 $44,683.20 $329.26 $0.00 $252.65 $45,265.11
103 $45,265.11 $329.26 $0.00 $255.94 $45,850.31
104 $45,850.31 $329.26 $0.00 $259.24 $46,438.81
105 $46,438.81 $329.26 $0.00 $262.57 $47,030.64
106 $47,030.64 $329.26 $0.00 $265.92 $47,625.82
107 $47,625.82 $329.26 $0.00 $269.28 $48,224.36
108 $48,224.36 $329.26 $0.00 $272.67 $48,826.29
109 $48,826.29 $329.26 $0.00 $276.07 $49,431.62
110 $49,431.62 $329.26 $0.00 $279.49 $50,040.37
111 $50,040.37 $329.26 $0.00 $282.94 $50,652.57
112 $50,652.57 $329.26 $0.00 $286.40 $51,268.23
113 $51,268.23 $329.26 $0.00 $289.88 $51,887.37
114 $51,887.37 $329.26 $0.00 $293.38 $52,510.01
115 $52,510.01 $329.26 $0.00 $296.90 $53,136.17
116 $53,136.17 $329.26 $0.00 $300.44 $53,765.87
117 $53,765.87 $329.26 $0.00 $304.00 $54,399.13
118 $54,399.13 $329.26 $0.00 $307.58 $55,035.97
119 $55,035.97 $329.26 $0.00 $311.18 $55,676.41
120 $55,676.41 $329.26 $0.00 $314.80 $56,320.47
121 $56,320.47 $329.26 $0.00 $318.44 $56,968.17
122 $56,968.17 $329.26 $0.00 $322.11 $57,619.54
123 $57,619.54 $329.26 $0.00 $325.79 $58,274.59
124 $58,274.59 $329.26 $0.00 $329.49 $58,933.34
125 $58,933.34 $329.26 $0.00 $333.22 $59,595.82
126 $59,595.82 $329.26 $0.00 $336.96 $60,262.04
127 $60,262.04 $329.26 $0.00 $340.73 $60,932.03
128 $60,932.03 $329.26 $0.00 $344.52 $61,605.81
129 $61,605.81 $329.26 $0.00 $348.33 $62,283.40
130 $62,283.40 $329.26 $0.00 $352.16 $62,964.82
131 $62,964.82 $329.26 $0.00 $356.01 $63,650.09
132 $63,650.09 $329.26 $0.00 $359.89 $64,339.24
133 $64,339.24 $329.26 $0.00 $363.78 $65,032.28
134 $65,032.28 $329.26 $0.00 $367.70 $65,729.24
135 $65,729.24 $329.26 $0.00 $371.64 $66,430.14
136 $66,430.14 $329.26 $0.00 $375.61 $67,135.01
137 $67,135.01 $329.26 $0.00 $379.59 $67,843.86
138 $67,843.86 $329.26 $0.00 $383.60 $68,556.72
139 $68,556.72 $329.26 $0.00 $387.63 $69,273.61
140 $69,273.61 $329.26 $0.00 $391.68 $69,994.55
141 $69,994.55 $329.26 $0.00 $395.76 $70,719.57
142 $70,719.57 $329.26 $0.00 $399.86 $71,448.69
143 $71,448.69 $329.26 $0.00 $403.98 $72,181.93
144 $72,181.93 $329.26 $0.00 $408.13 $72,919.32
145 $72,919.32 $329.26 $0.00 $412.30 $73,660.88
146 $73,660.88 $329.26 $0.00 $416.49 $74,406.63
147 $74,406.63 $329.26 $0.00 $420.71 $75,156.60
148 $75,156.60 $329.26 $0.00 $424.95 $75,910.81
149 $75,910.81 $329.26 $0.00 $429.21 $76,669.28
150 $76,669.28 $329.26 $0.00 $433.50 $77,432.04
151 $77,432.04 $329.26 $0.00 $437.81 $78,199.11
152 $78,199.11 $329.26 $0.00 $442.15 $78,970.52
153 $78,970.52 $329.26 $0.00 $446.51 $79,746.29
154 $79,746.29 $329.26 $0.00 $450.90 $80,526.45
155 $80,526.45 $329.26 $0.00 $455.31 $81,311.02
156 $81,311.02 $329.26 $0.00 $459.74 $82,100.02
157 $82,100.02 $329.26 $0.00 $464.21 $82,893.49
158 $82,893.49 $329.26 $0.00 $468.69 $83,691.44
159 $83,691.44 $329.26 $0.00 $473.20 $84,493.90
160 $84,493.90 $329.26 $0.00 $477.74 $85,300.90
161 $85,300.90 $329.26 $0.00 $482.30 $86,112.46
162 $86,112.46 $329.26 $0.00 $486.89 $86,928.61
163 $86,928.61 $329.26 $0.00 $491.51 $87,749.38
164 $87,749.38 $329.26 $0.00 $496.15 $88,574.79
165 $88,574.79 $329.26 $0.00 $500.81 $89,404.86
166 $89,404.86 $329.26 $0.00 $505.51 $90,239.63
167 $90,239.63 $329.26 $0.00 $510.23 $91,079.12
168 $91,079.12 $329.26 $0.00 $514.97 $91,923.35
169 $91,923.35 $329.26 $0.00 $519.75 $92,772.36
170 $92,772.36 $329.26 $0.00 $524.55 $93,626.17
171 $93,626.17 $329.26 $0.00 $529.38 $94,484.81
172 $94,484.81 $329.26 $0.00 $534.23 $95,348.30
173 $95,348.30 $329.26 $0.00 $539.11 $96,216.67
174 $96,216.67 $329.26 $0.00 $544.02 $97,089.95
175 $97,089.95 $329.26 $0.00 $548.96 $97,968.17
176 $97,968.17 $329.26 $0.00 $553.93 $98,851.36
177 $98,851.36 $329.26 $0.00 $558.92 $99,739.54
178 $99,739.54 $329.26 $0.00 $563.94 $100,632.74
179 $100,632.74 $329.26 $0.00 $568.99 $101,530.99
180 $101,530.99 $329.26 $0.00 $574.07 $102,434.32
181 $102,434.32 $329.26 $0.00 $579.18 $103,342.76
182 $103,342.76 $329.26 $0.00 $584.31 $104,256.33
183 $104,256.33 $329.26 $0.00 $589.48 $105,175.07
184 $105,175.07 $329.26 $0.00 $594.68 $106,099.01
185 $106,099.01 $329.26 $0.00 $599.90 $107,028.17
186 $107,028.17 $329.26 $0.00 $605.15 $107,962.58
187 $107,962.58 $329.26 $0.00 $610.44 $108,902.28
188 $108,902.28 $329.26 $0.00 $615.75 $109,847.29
189 $109,847.29 $329.26 $0.00 $621.09 $110,797.64
190 $110,797.64 $329.26 $0.00 $626.47 $111,753.37
191 $111,753.37 $329.26 $0.00 $631.87 $112,714.50
192 $112,714.50 $329.26 $0.00 $637.30 $113,681.06
193 $113,681.06 $329.26 $0.00 $642.77 $114,653.09
194 $114,653.09 $329.26 $0.00 $648.27 $115,630.62
195 $115,630.62 $329.26 $0.00 $653.79 $116,613.67
196 $116,613.67 $329.26 $0.00 $659.35 $117,602.28
197 $117,602.28 $329.26 $0.00 $664.94 $118,596.48
198 $118,596.48 $329.26 $0.00 $670.56 $119,596.30
199 $119,596.30 $329.26 $0.00 $676.21 $120,601.77
200 $120,601.77 $329.26 $0.00 $681.90 $121,612.93
201 $121,612.93 $329.26 $0.00 $687.62 $122,629.81
202 $122,629.81 $329.26 $0.00 $693.37 $123,652.44
203 $123,652.44 $329.26 $0.00 $699.15 $124,680.85
204 $124,680.85 $329.26 $0.00 $704.96 $125,715.07
205 $125,715.07 $329.26 $0.00 $710.81 $126,755.14
206 $126,755.14 $329.26 $0.00 $716.69 $127,801.09
207 $127,801.09 $329.26 $0.00 $722.61 $128,852.96
208 $128,852.96 $329.26 $0.00 $728.55 $129,910.77
209 $129,910.77 $329.26 $0.00 $734.53 $130,974.56
210 $130,974.56 $329.26 $0.00 $740.55 $132,044.37
211 $132,044.37 $329.26 $0.00 $746.60 $133,120.23
212 $133,120.23 $329.26 $0.00 $752.68 $134,202.17
213 $134,202.17 $329.26 $0.00 $758.80 $135,290.23
214 $135,290.23 $329.26 $0.00 $764.95 $136,384.44
215 $136,384.44 $329.26 $0.00 $771.14 $137,484.84
216 $137,484.84 $329.26 $0.00 $777.36 $138,591.46
217 $138,591.46 $329.26 $38,602.17 $783.62 $101,102.17
218 $101,102.17 $329.26 $0.00 $571.65 $102,003.08
219 $102,003.08 $329.26 $0.00 $576.74 $102,909.08
220 $102,909.08 $329.26 $0.00 $581.86 $103,820.20
221 $103,820.20 $329.26 $0.00 $587.01 $104,736.47
222 $104,736.47 $329.26 $0.00 $592.20 $105,657.93
223 $105,657.93 $329.26 $0.00 $597.41 $106,584.60
224 $106,584.60 $329.26 $0.00 $602.64 $107,516.50
225 $107,516.50 $329.26 $0.00 $607.91 $108,453.67
226 $108,453.67 $329.26 $0.00 $613.21 $109,396.14
227 $109,396.14 $329.26 $0.00 $618.54 $110,343.94
228 $110,343.94 $329.26 $0.00 $623.90 $111,297.10
229 $111,297.10 $329.26 $40,532.28 $629.29 $71,723.37
230 $71,723.37 $329.26 $0.00 $405.53 $72,458.16
231 $72,458.16 $329.26 $0.00 $409.69 $73,197.11
232 $73,197.11 $329.26 $0.00 $413.87 $73,940.24
233 $73,940.24 $329.26 $0.00 $418.07 $74,687.57
234 $74,687.57 $329.26 $0.00 $422.29 $75,439.12
235 $75,439.12 $329.26 $0.00 $426.54 $76,194.92
236 $76,194.92 $329.26 $0.00 $430.82 $76,955.00
237 $76,955.00 $329.26 $0.00 $435.11 $77,719.37
238 $77,719.37 $329.26 $0.00 $439.44 $78,488.07
239 $78,488.07 $329.26 $0.00 $443.78 $79,261.11
240 $79,261.11 $329.26 $0.00 $448.15 $80,038.52
241 $80,038.52 $329.26 $42,558.90 $452.55 $38,261.43
242 $38,261.43 $329.26 $0.00 $216.34 $38,807.03
243 $38,807.03 $329.26 $0.00 $219.42 $39,355.71
244 $39,355.71 $329.26 $0.00 $222.52 $39,907.49
245 $39,907.49 $329.26 $0.00 $225.64 $40,462.39
246 $40,462.39 $329.26 $0.00 $228.78 $41,020.43
247 $41,020.43 $329.26 $0.00 $231.94 $41,581.63
248 $41,581.63 $329.26 $0.00 $235.11 $42,146.00
249 $42,146.00 $329.26 $0.00 $238.30 $42,713.56
250 $42,713.56 $329.26 $0.00 $241.51 $43,284.33
251 $43,284.33 $329.26 $0.00 $244.74 $43,858.33
252 $43,858.33 $329.26 $0.00 $247.98 $44,435.57
253 $44,435.57 $0.00 $44,686.84 $251.25 ($0.02)