Savings Plan and Future Cost Estimation for Mount Vernon Nazarene University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$185,258
Monthly savings required$1,464

How much will it cost to send your child to Mount Vernon Nazarene University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $741,031.17 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,464.14 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$49,380.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Mount Vernon Nazarene University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,464.14 $0.00 $0.00 $1,464.14
2 $1,464.14 $1,464.14 $0.00 $8.28 $2,936.56
3 $2,936.56 $1,464.14 $0.00 $16.60 $4,417.30
4 $4,417.30 $1,464.14 $0.00 $24.98 $5,906.42
5 $5,906.42 $1,464.14 $0.00 $33.40 $7,403.96
6 $7,403.96 $1,464.14 $0.00 $41.86 $8,909.96
7 $8,909.96 $1,464.14 $0.00 $50.38 $10,424.48
8 $10,424.48 $1,464.14 $0.00 $58.94 $11,947.56
9 $11,947.56 $1,464.14 $0.00 $67.55 $13,479.25
10 $13,479.25 $1,464.14 $0.00 $76.21 $15,019.60
11 $15,019.60 $1,464.14 $0.00 $84.92 $16,568.66
12 $16,568.66 $1,464.14 $0.00 $93.68 $18,126.48
13 $18,126.48 $1,464.14 $0.00 $102.49 $19,693.11
14 $19,693.11 $1,464.14 $0.00 $111.35 $21,268.60
15 $21,268.60 $1,464.14 $0.00 $120.26 $22,853.00
16 $22,853.00 $1,464.14 $0.00 $129.21 $24,446.35
17 $24,446.35 $1,464.14 $0.00 $138.22 $26,048.71
18 $26,048.71 $1,464.14 $0.00 $147.28 $27,660.13
19 $27,660.13 $1,464.14 $0.00 $156.39 $29,280.66
20 $29,280.66 $1,464.14 $0.00 $165.56 $30,910.36
21 $30,910.36 $1,464.14 $0.00 $174.77 $32,549.27
22 $32,549.27 $1,464.14 $0.00 $184.04 $34,197.45
23 $34,197.45 $1,464.14 $0.00 $193.36 $35,854.95
24 $35,854.95 $1,464.14 $0.00 $202.73 $37,521.82
25 $37,521.82 $1,464.14 $0.00 $212.15 $39,198.11
26 $39,198.11 $1,464.14 $0.00 $221.63 $40,883.88
27 $40,883.88 $1,464.14 $0.00 $231.16 $42,579.18
28 $42,579.18 $1,464.14 $0.00 $240.75 $44,284.07
29 $44,284.07 $1,464.14 $0.00 $250.39 $45,998.60
30 $45,998.60 $1,464.14 $0.00 $260.08 $47,722.82
31 $47,722.82 $1,464.14 $0.00 $269.83 $49,456.79
32 $49,456.79 $1,464.14 $0.00 $279.64 $51,200.57
33 $51,200.57 $1,464.14 $0.00 $289.50 $52,954.21
34 $52,954.21 $1,464.14 $0.00 $299.41 $54,717.76
35 $54,717.76 $1,464.14 $0.00 $309.38 $56,491.28
36 $56,491.28 $1,464.14 $0.00 $319.41 $58,274.83
37 $58,274.83 $1,464.14 $0.00 $329.49 $60,068.46
38 $60,068.46 $1,464.14 $0.00 $339.64 $61,872.24
39 $61,872.24 $1,464.14 $0.00 $349.83 $63,686.21
40 $63,686.21 $1,464.14 $0.00 $360.09 $65,510.44
41 $65,510.44 $1,464.14 $0.00 $370.41 $67,344.99
42 $67,344.99 $1,464.14 $0.00 $380.78 $69,189.91
43 $69,189.91 $1,464.14 $0.00 $391.21 $71,045.26
44 $71,045.26 $1,464.14 $0.00 $401.70 $72,911.10
45 $72,911.10 $1,464.14 $0.00 $412.25 $74,787.49
46 $74,787.49 $1,464.14 $0.00 $422.86 $76,674.49
47 $76,674.49 $1,464.14 $0.00 $433.53 $78,572.16
48 $78,572.16 $1,464.14 $0.00 $444.26 $80,480.56
49 $80,480.56 $1,464.14 $0.00 $455.05 $82,399.75
50 $82,399.75 $1,464.14 $0.00 $465.90 $84,329.79
51 $84,329.79 $1,464.14 $0.00 $476.81 $86,270.74
52 $86,270.74 $1,464.14 $0.00 $487.79 $88,222.67
53 $88,222.67 $1,464.14 $0.00 $498.82 $90,185.63
54 $90,185.63 $1,464.14 $0.00 $509.92 $92,159.69
55 $92,159.69 $1,464.14 $0.00 $521.08 $94,144.91
56 $94,144.91 $1,464.14 $0.00 $532.31 $96,141.36
57 $96,141.36 $1,464.14 $0.00 $543.60 $98,149.10
58 $98,149.10 $1,464.14 $0.00 $554.95 $100,168.19
59 $100,168.19 $1,464.14 $0.00 $566.37 $102,198.70
60 $102,198.70 $1,464.14 $0.00 $577.85 $104,240.69
61 $104,240.69 $1,464.14 $0.00 $589.39 $106,294.22
62 $106,294.22 $1,464.14 $0.00 $601.00 $108,359.36
63 $108,359.36 $1,464.14 $0.00 $612.68 $110,436.18
64 $110,436.18 $1,464.14 $0.00 $624.42 $112,524.74
65 $112,524.74 $1,464.14 $0.00 $636.23 $114,625.11
66 $114,625.11 $1,464.14 $0.00 $648.11 $116,737.36
67 $116,737.36 $1,464.14 $0.00 $660.05 $118,861.55
68 $118,861.55 $1,464.14 $0.00 $672.06 $120,997.75
69 $120,997.75 $1,464.14 $0.00 $684.14 $123,146.03
70 $123,146.03 $1,464.14 $0.00 $696.29 $125,306.46
71 $125,306.46 $1,464.14 $0.00 $708.50 $127,479.10
72 $127,479.10 $1,464.14 $0.00 $720.79 $129,664.03
73 $129,664.03 $1,464.14 $0.00 $733.14 $131,861.31
74 $131,861.31 $1,464.14 $0.00 $745.56 $134,071.01
75 $134,071.01 $1,464.14 $0.00 $758.06 $136,293.21
76 $136,293.21 $1,464.14 $0.00 $770.62 $138,527.97
77 $138,527.97 $1,464.14 $0.00 $783.26 $140,775.37
78 $140,775.37 $1,464.14 $0.00 $795.96 $143,035.47
79 $143,035.47 $1,464.14 $0.00 $808.74 $145,308.35
80 $145,308.35 $1,464.14 $0.00 $821.59 $147,594.08
81 $147,594.08 $1,464.14 $0.00 $834.52 $149,892.74
82 $149,892.74 $1,464.14 $0.00 $847.52 $152,204.40
83 $152,204.40 $1,464.14 $0.00 $860.59 $154,529.13
84 $154,529.13 $1,464.14 $0.00 $873.73 $156,867.00
85 $156,867.00 $1,464.14 $0.00 $886.95 $159,218.09
86 $159,218.09 $1,464.14 $0.00 $900.24 $161,582.47
87 $161,582.47 $1,464.14 $0.00 $913.61 $163,960.22
88 $163,960.22 $1,464.14 $0.00 $927.05 $166,351.41
89 $166,351.41 $1,464.14 $0.00 $940.58 $168,756.13
90 $168,756.13 $1,464.14 $0.00 $954.17 $171,174.44
91 $171,174.44 $1,464.14 $0.00 $967.85 $173,606.43
92 $173,606.43 $1,464.14 $0.00 $981.60 $176,052.17
93 $176,052.17 $1,464.14 $0.00 $995.42 $178,511.73
94 $178,511.73 $1,464.14 $0.00 $1,009.33 $180,985.20
95 $180,985.20 $1,464.14 $0.00 $1,023.32 $183,472.66
96 $183,472.66 $1,464.14 $0.00 $1,037.38 $185,974.18
97 $185,974.18 $1,464.14 $0.00 $1,051.53 $188,489.85
98 $188,489.85 $1,464.14 $0.00 $1,065.75 $191,019.74
99 $191,019.74 $1,464.14 $0.00 $1,080.05 $193,563.93
100 $193,563.93 $1,464.14 $0.00 $1,094.44 $196,122.51
101 $196,122.51 $1,464.14 $0.00 $1,108.91 $198,695.56
102 $198,695.56 $1,464.14 $0.00 $1,123.45 $201,283.15
103 $201,283.15 $1,464.14 $0.00 $1,138.08 $203,885.37
104 $203,885.37 $1,464.14 $0.00 $1,152.80 $206,502.31
105 $206,502.31 $1,464.14 $0.00 $1,167.59 $209,134.04
106 $209,134.04 $1,464.14 $0.00 $1,182.47 $211,780.65
107 $211,780.65 $1,464.14 $0.00 $1,197.44 $214,442.23
108 $214,442.23 $1,464.14 $0.00 $1,212.49 $217,118.86
109 $217,118.86 $1,464.14 $0.00 $1,227.62 $219,810.62
110 $219,810.62 $1,464.14 $0.00 $1,242.84 $222,517.60
111 $222,517.60 $1,464.14 $0.00 $1,258.15 $225,239.89
112 $225,239.89 $1,464.14 $0.00 $1,273.54 $227,977.57
113 $227,977.57 $1,464.14 $0.00 $1,289.02 $230,730.73
114 $230,730.73 $1,464.14 $0.00 $1,304.59 $233,499.46
115 $233,499.46 $1,464.14 $0.00 $1,320.24 $236,283.84
116 $236,283.84 $1,464.14 $0.00 $1,335.98 $239,083.96
117 $239,083.96 $1,464.14 $0.00 $1,351.82 $241,899.92
118 $241,899.92 $1,464.14 $0.00 $1,367.74 $244,731.80
119 $244,731.80 $1,464.14 $0.00 $1,383.75 $247,579.69
120 $247,579.69 $1,464.14 $0.00 $1,399.85 $250,443.68
121 $250,443.68 $1,464.14 $0.00 $1,416.04 $253,323.86
122 $253,323.86 $1,464.14 $0.00 $1,432.33 $256,220.33
123 $256,220.33 $1,464.14 $0.00 $1,448.71 $259,133.18
124 $259,133.18 $1,464.14 $0.00 $1,465.18 $262,062.50
125 $262,062.50 $1,464.14 $0.00 $1,481.74 $265,008.38
126 $265,008.38 $1,464.14 $0.00 $1,498.40 $267,970.92
127 $267,970.92 $1,464.14 $0.00 $1,515.15 $270,950.21
128 $270,950.21 $1,464.14 $0.00 $1,531.99 $273,946.34
129 $273,946.34 $1,464.14 $0.00 $1,548.93 $276,959.41
130 $276,959.41 $1,464.14 $0.00 $1,565.97 $279,989.52
131 $279,989.52 $1,464.14 $0.00 $1,583.10 $283,036.76
132 $283,036.76 $1,464.14 $0.00 $1,600.33 $286,101.23
133 $286,101.23 $1,464.14 $0.00 $1,617.66 $289,183.03
134 $289,183.03 $1,464.14 $0.00 $1,635.08 $292,282.25
135 $292,282.25 $1,464.14 $0.00 $1,652.61 $295,399.00
136 $295,399.00 $1,464.14 $0.00 $1,670.23 $298,533.37
137 $298,533.37 $1,464.14 $0.00 $1,687.95 $301,685.46
138 $301,685.46 $1,464.14 $0.00 $1,705.77 $304,855.37
139 $304,855.37 $1,464.14 $0.00 $1,723.70 $308,043.21
140 $308,043.21 $1,464.14 $0.00 $1,741.72 $311,249.07
141 $311,249.07 $1,464.14 $0.00 $1,759.85 $314,473.06
142 $314,473.06 $1,464.14 $0.00 $1,778.08 $317,715.28
143 $317,715.28 $1,464.14 $0.00 $1,796.41 $320,975.83
144 $320,975.83 $1,464.14 $0.00 $1,814.84 $324,254.81
145 $324,254.81 $1,464.14 $0.00 $1,833.38 $327,552.33
146 $327,552.33 $1,464.14 $0.00 $1,852.03 $330,868.50
147 $330,868.50 $1,464.14 $0.00 $1,870.78 $334,203.42
148 $334,203.42 $1,464.14 $0.00 $1,889.63 $337,557.19
149 $337,557.19 $1,464.14 $0.00 $1,908.60 $340,929.93
150 $340,929.93 $1,464.14 $0.00 $1,927.67 $344,321.74
151 $344,321.74 $1,464.14 $0.00 $1,946.85 $347,732.73
152 $347,732.73 $1,464.14 $0.00 $1,966.13 $351,163.00
153 $351,163.00 $1,464.14 $0.00 $1,985.53 $354,612.67
154 $354,612.67 $1,464.14 $0.00 $2,005.03 $358,081.84
155 $358,081.84 $1,464.14 $0.00 $2,024.65 $361,570.63
156 $361,570.63 $1,464.14 $0.00 $2,044.37 $365,079.14
157 $365,079.14 $1,464.14 $0.00 $2,064.21 $368,607.49
158 $368,607.49 $1,464.14 $0.00 $2,084.16 $372,155.79
159 $372,155.79 $1,464.14 $0.00 $2,104.22 $375,724.15
160 $375,724.15 $1,464.14 $0.00 $2,124.40 $379,312.69
161 $379,312.69 $1,464.14 $0.00 $2,144.69 $382,921.52
162 $382,921.52 $1,464.14 $0.00 $2,165.09 $386,550.75
163 $386,550.75 $1,464.14 $0.00 $2,185.61 $390,200.50
164 $390,200.50 $1,464.14 $0.00 $2,206.25 $393,870.89
165 $393,870.89 $1,464.14 $0.00 $2,227.00 $397,562.03
166 $397,562.03 $1,464.14 $0.00 $2,247.87 $401,274.04
167 $401,274.04 $1,464.14 $0.00 $2,268.86 $405,007.04
168 $405,007.04 $1,464.14 $0.00 $2,289.97 $408,761.15
169 $408,761.15 $1,464.14 $0.00 $2,311.19 $412,536.48
170 $412,536.48 $1,464.14 $0.00 $2,332.54 $416,333.16
171 $416,333.16 $1,464.14 $0.00 $2,354.01 $420,151.31
172 $420,151.31 $1,464.14 $0.00 $2,375.60 $423,991.05
173 $423,991.05 $1,464.14 $0.00 $2,397.31 $427,852.50
174 $427,852.50 $1,464.14 $0.00 $2,419.14 $431,735.78
175 $431,735.78 $1,464.14 $0.00 $2,441.10 $435,641.02
176 $435,641.02 $1,464.14 $0.00 $2,463.18 $439,568.34
177 $439,568.34 $1,464.14 $0.00 $2,485.38 $443,517.86
178 $443,517.86 $1,464.14 $0.00 $2,507.71 $447,489.71
179 $447,489.71 $1,464.14 $0.00 $2,530.17 $451,484.02
180 $451,484.02 $1,464.14 $0.00 $2,552.76 $455,500.92
181 $455,500.92 $1,464.14 $0.00 $2,575.47 $459,540.53
182 $459,540.53 $1,464.14 $0.00 $2,598.31 $463,602.98
183 $463,602.98 $1,464.14 $0.00 $2,621.28 $467,688.40
184 $467,688.40 $1,464.14 $0.00 $2,644.38 $471,796.92
185 $471,796.92 $1,464.14 $0.00 $2,667.61 $475,928.67
186 $475,928.67 $1,464.14 $0.00 $2,690.97 $480,083.78
187 $480,083.78 $1,464.14 $0.00 $2,714.46 $484,262.38
188 $484,262.38 $1,464.14 $0.00 $2,738.09 $488,464.61
189 $488,464.61 $1,464.14 $0.00 $2,761.85 $492,690.60
190 $492,690.60 $1,464.14 $0.00 $2,785.74 $496,940.48
191 $496,940.48 $1,464.14 $0.00 $2,809.77 $501,214.39
192 $501,214.39 $1,464.14 $0.00 $2,833.94 $505,512.47
193 $505,512.47 $1,464.14 $0.00 $2,858.24 $509,834.85
194 $509,834.85 $1,464.14 $0.00 $2,882.68 $514,181.67
195 $514,181.67 $1,464.14 $0.00 $2,907.26 $518,553.07
196 $518,553.07 $1,464.14 $0.00 $2,931.97 $522,949.18
197 $522,949.18 $1,464.14 $0.00 $2,956.83 $527,370.15
198 $527,370.15 $1,464.14 $0.00 $2,981.83 $531,816.12
199 $531,816.12 $1,464.14 $0.00 $3,006.97 $536,287.23
200 $536,287.23 $1,464.14 $0.00 $3,032.25 $540,783.62
201 $540,783.62 $1,464.14 $0.00 $3,057.67 $545,305.43
202 $545,305.43 $1,464.14 $0.00 $3,083.24 $549,852.81
203 $549,852.81 $1,464.14 $0.00 $3,108.95 $554,425.90
204 $554,425.90 $1,464.14 $0.00 $3,134.80 $559,024.84
205 $559,024.84 $1,464.14 $0.00 $3,160.81 $563,649.79
206 $563,649.79 $1,464.14 $0.00 $3,186.96 $568,300.89
207 $568,300.89 $1,464.14 $0.00 $3,213.26 $572,978.29
208 $572,978.29 $1,464.14 $0.00 $3,239.70 $577,682.13
209 $577,682.13 $1,464.14 $0.00 $3,266.30 $582,412.57
210 $582,412.57 $1,464.14 $0.00 $3,293.05 $587,169.76
211 $587,169.76 $1,464.14 $0.00 $3,319.94 $591,953.84
212 $591,953.84 $1,464.14 $0.00 $3,346.99 $596,764.97
213 $596,764.97 $1,464.14 $0.00 $3,374.20 $601,603.31
214 $601,603.31 $1,464.14 $0.00 $3,401.55 $606,469.00
215 $606,469.00 $1,464.14 $0.00 $3,429.06 $611,362.20
216 $611,362.20 $1,464.14 $0.00 $3,456.73 $616,283.07
217 $616,283.07 $1,464.14 $166,901.06 $3,484.55 $454,330.70
218 $454,330.70 $1,464.14 $0.00 $2,568.85 $458,363.69
219 $458,363.69 $1,464.14 $0.00 $2,591.65 $462,419.48
220 $462,419.48 $1,464.14 $0.00 $2,614.59 $466,498.21
221 $466,498.21 $1,464.14 $0.00 $2,637.65 $470,600.00
222 $470,600.00 $1,464.14 $0.00 $2,660.84 $474,724.98
223 $474,724.98 $1,464.14 $0.00 $2,684.16 $478,873.28
224 $478,873.28 $1,464.14 $0.00 $2,707.62 $483,045.04
225 $483,045.04 $1,464.14 $0.00 $2,731.21 $487,240.39
226 $487,240.39 $1,464.14 $0.00 $2,754.93 $491,459.46
227 $491,459.46 $1,464.14 $0.00 $2,778.78 $495,702.38
228 $495,702.38 $1,464.14 $0.00 $2,802.77 $499,969.29
229 $499,969.29 $1,464.14 $178,584.13 $2,826.90 $325,676.20
230 $325,676.20 $1,464.14 $0.00 $1,841.42 $328,981.76
231 $328,981.76 $1,464.14 $0.00 $1,860.11 $332,306.01
232 $332,306.01 $1,464.14 $0.00 $1,878.91 $335,649.06
233 $335,649.06 $1,464.14 $0.00 $1,897.81 $339,011.01
234 $339,011.01 $1,464.14 $0.00 $1,916.82 $342,391.97
235 $342,391.97 $1,464.14 $0.00 $1,935.93 $345,792.04
236 $345,792.04 $1,464.14 $0.00 $1,955.16 $349,211.34
237 $349,211.34 $1,464.14 $0.00 $1,974.49 $352,649.97
238 $352,649.97 $1,464.14 $0.00 $1,993.93 $356,108.04
239 $356,108.04 $1,464.14 $0.00 $2,013.49 $359,585.67
240 $359,585.67 $1,464.14 $0.00 $2,033.15 $363,082.96
241 $363,082.96 $1,464.14 $191,085.02 $2,052.92 $175,515.00
242 $175,515.00 $1,464.14 $0.00 $992.39 $177,971.53
243 $177,971.53 $1,464.14 $0.00 $1,006.28 $180,441.95
244 $180,441.95 $1,464.14 $0.00 $1,020.25 $182,926.34
245 $182,926.34 $1,464.14 $0.00 $1,034.29 $185,424.77
246 $185,424.77 $1,464.14 $0.00 $1,048.42 $187,937.33
247 $187,937.33 $1,464.14 $0.00 $1,062.62 $190,464.09
248 $190,464.09 $1,464.14 $0.00 $1,076.91 $193,005.14
249 $193,005.14 $1,464.14 $0.00 $1,091.28 $195,560.56
250 $195,560.56 $1,464.14 $0.00 $1,105.73 $198,130.43
251 $198,130.43 $1,464.14 $0.00 $1,120.26 $200,714.83
252 $200,714.83 $1,464.14 $0.00 $1,134.87 $203,313.84
253 $203,313.84 $0.00 $204,460.97 $1,149.57 $2.44