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 2040$119,028
Monthly savings required$942

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 $476,112.88 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $942.21 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$45,900.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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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 $942.21 $0.00 $0.00 $942.21
2 $942.21 $942.21 $0.00 $5.33 $1,889.75
3 $1,889.75 $942.21 $0.00 $10.68 $2,842.64
4 $2,842.64 $942.21 $0.00 $16.07 $3,800.92
5 $3,800.92 $942.21 $0.00 $21.49 $4,764.62
6 $4,764.62 $942.21 $0.00 $26.94 $5,733.77
7 $5,733.77 $942.21 $0.00 $32.42 $6,708.40
8 $6,708.40 $942.21 $0.00 $37.93 $7,688.54
9 $7,688.54 $942.21 $0.00 $43.47 $8,674.22
10 $8,674.22 $942.21 $0.00 $49.05 $9,665.48
11 $9,665.48 $942.21 $0.00 $54.65 $10,662.34
12 $10,662.34 $942.21 $0.00 $60.29 $11,664.84
13 $11,664.84 $942.21 $0.00 $65.95 $12,673.00
14 $12,673.00 $942.21 $0.00 $71.65 $13,686.86
15 $13,686.86 $942.21 $0.00 $77.39 $14,706.46
16 $14,706.46 $942.21 $0.00 $83.15 $15,731.82
17 $15,731.82 $942.21 $0.00 $88.95 $16,762.98
18 $16,762.98 $942.21 $0.00 $94.78 $17,799.97
19 $17,799.97 $942.21 $0.00 $100.64 $18,842.82
20 $18,842.82 $942.21 $0.00 $106.54 $19,891.57
21 $19,891.57 $942.21 $0.00 $112.47 $20,946.25
22 $20,946.25 $942.21 $0.00 $118.43 $22,006.89
23 $22,006.89 $942.21 $0.00 $124.43 $23,073.53
24 $23,073.53 $942.21 $0.00 $130.46 $24,146.20
25 $24,146.20 $942.21 $0.00 $136.53 $25,224.94
26 $25,224.94 $942.21 $0.00 $142.63 $26,309.78
27 $26,309.78 $942.21 $0.00 $148.76 $27,400.75
28 $27,400.75 $942.21 $0.00 $154.93 $28,497.89
29 $28,497.89 $942.21 $0.00 $161.13 $29,601.23
30 $29,601.23 $942.21 $0.00 $167.37 $30,710.81
31 $30,710.81 $942.21 $0.00 $173.64 $31,826.66
32 $31,826.66 $942.21 $0.00 $179.95 $32,948.82
33 $32,948.82 $942.21 $0.00 $186.30 $34,077.33
34 $34,077.33 $942.21 $0.00 $192.68 $35,212.22
35 $35,212.22 $942.21 $0.00 $199.10 $36,353.53
36 $36,353.53 $942.21 $0.00 $205.55 $37,501.29
37 $37,501.29 $942.21 $0.00 $212.04 $38,655.54
38 $38,655.54 $942.21 $0.00 $218.56 $39,816.31
39 $39,816.31 $942.21 $0.00 $225.13 $40,983.65
40 $40,983.65 $942.21 $0.00 $231.73 $42,157.59
41 $42,157.59 $942.21 $0.00 $238.37 $43,338.17
42 $43,338.17 $942.21 $0.00 $245.04 $44,525.42
43 $44,525.42 $942.21 $0.00 $251.75 $45,719.38
44 $45,719.38 $942.21 $0.00 $258.50 $46,920.09
45 $46,920.09 $942.21 $0.00 $265.29 $48,127.59
46 $48,127.59 $942.21 $0.00 $272.12 $49,341.92
47 $49,341.92 $942.21 $0.00 $278.99 $50,563.12
48 $50,563.12 $942.21 $0.00 $285.89 $51,791.22
49 $51,791.22 $942.21 $0.00 $292.84 $53,026.27
50 $53,026.27 $942.21 $0.00 $299.82 $54,268.30
51 $54,268.30 $942.21 $0.00 $306.84 $55,517.35
52 $55,517.35 $942.21 $0.00 $313.90 $56,773.46
53 $56,773.46 $942.21 $0.00 $321.01 $58,036.68
54 $58,036.68 $942.21 $0.00 $328.15 $59,307.04
55 $59,307.04 $942.21 $0.00 $335.33 $60,584.58
56 $60,584.58 $942.21 $0.00 $342.55 $61,869.34
57 $61,869.34 $942.21 $0.00 $349.82 $63,161.37
58 $63,161.37 $942.21 $0.00 $357.12 $64,460.70
59 $64,460.70 $942.21 $0.00 $364.47 $65,767.38
60 $65,767.38 $942.21 $0.00 $371.86 $67,081.45
61 $67,081.45 $942.21 $0.00 $379.29 $68,402.95
62 $68,402.95 $942.21 $0.00 $386.76 $69,731.92
63 $69,731.92 $942.21 $0.00 $394.27 $71,068.40
64 $71,068.40 $942.21 $0.00 $401.83 $72,412.44
65 $72,412.44 $942.21 $0.00 $409.43 $73,764.08
66 $73,764.08 $942.21 $0.00 $417.07 $75,123.36
67 $75,123.36 $942.21 $0.00 $424.76 $76,490.33
68 $76,490.33 $942.21 $0.00 $432.49 $77,865.03
69 $77,865.03 $942.21 $0.00 $440.26 $79,247.50
70 $79,247.50 $942.21 $0.00 $448.08 $80,637.79
71 $80,637.79 $942.21 $0.00 $455.94 $82,035.94
72 $82,035.94 $942.21 $0.00 $463.84 $83,441.99
73 $83,441.99 $942.21 $0.00 $471.79 $84,855.99
74 $84,855.99 $942.21 $0.00 $479.79 $86,277.99
75 $86,277.99 $942.21 $0.00 $487.83 $87,708.03
76 $87,708.03 $942.21 $0.00 $495.91 $89,146.15
77 $89,146.15 $942.21 $0.00 $504.05 $90,592.41
78 $90,592.41 $942.21 $0.00 $512.22 $92,046.84
79 $92,046.84 $942.21 $0.00 $520.45 $93,509.50
80 $93,509.50 $942.21 $0.00 $528.72 $94,980.43
81 $94,980.43 $942.21 $0.00 $537.03 $96,459.67
82 $96,459.67 $942.21 $0.00 $545.40 $97,947.28
83 $97,947.28 $942.21 $0.00 $553.81 $99,443.30
84 $99,443.30 $942.21 $0.00 $562.27 $100,947.78
85 $100,947.78 $942.21 $0.00 $570.77 $102,460.76
86 $102,460.76 $942.21 $0.00 $579.33 $103,982.30
87 $103,982.30 $942.21 $0.00 $587.93 $105,512.44
88 $105,512.44 $942.21 $0.00 $596.58 $107,051.23
89 $107,051.23 $942.21 $0.00 $605.28 $108,598.72
90 $108,598.72 $942.21 $0.00 $614.03 $110,154.96
91 $110,154.96 $942.21 $0.00 $622.83 $111,720.00
92 $111,720.00 $942.21 $0.00 $631.68 $113,293.89
93 $113,293.89 $942.21 $0.00 $640.58 $114,876.68
94 $114,876.68 $942.21 $0.00 $649.53 $116,468.42
95 $116,468.42 $942.21 $0.00 $658.53 $118,069.16
96 $118,069.16 $942.21 $0.00 $667.58 $119,678.95
97 $119,678.95 $942.21 $0.00 $676.68 $121,297.84
98 $121,297.84 $942.21 $0.00 $685.84 $122,925.89
99 $122,925.89 $942.21 $0.00 $695.04 $124,563.14
100 $124,563.14 $942.21 $0.00 $704.30 $126,209.65
101 $126,209.65 $942.21 $0.00 $713.61 $127,865.47
102 $127,865.47 $942.21 $0.00 $722.97 $129,530.65
103 $129,530.65 $942.21 $0.00 $732.39 $131,205.25
104 $131,205.25 $942.21 $0.00 $741.85 $132,889.31
105 $132,889.31 $942.21 $0.00 $751.38 $134,582.90
106 $134,582.90 $942.21 $0.00 $760.95 $136,286.06
107 $136,286.06 $942.21 $0.00 $770.58 $137,998.85
108 $137,998.85 $942.21 $0.00 $780.27 $139,721.33
109 $139,721.33 $942.21 $0.00 $790.00 $141,453.54
110 $141,453.54 $942.21 $0.00 $799.80 $143,195.55
111 $143,195.55 $942.21 $0.00 $809.65 $144,947.41
112 $144,947.41 $942.21 $0.00 $819.55 $146,709.17
113 $146,709.17 $942.21 $0.00 $829.51 $148,480.89
114 $148,480.89 $942.21 $0.00 $839.53 $150,262.63
115 $150,262.63 $942.21 $0.00 $849.61 $152,054.45
116 $152,054.45 $942.21 $0.00 $859.74 $153,856.40
117 $153,856.40 $942.21 $0.00 $869.93 $155,668.54
118 $155,668.54 $942.21 $0.00 $880.17 $157,490.92
119 $157,490.92 $942.21 $0.00 $890.48 $159,323.61
120 $159,323.61 $942.21 $0.00 $900.84 $161,166.66
121 $161,166.66 $942.21 $0.00 $911.26 $163,020.13
122 $163,020.13 $942.21 $0.00 $921.74 $164,884.08
123 $164,884.08 $942.21 $0.00 $932.28 $166,758.57
124 $166,758.57 $942.21 $0.00 $942.88 $168,643.66
125 $168,643.66 $942.21 $0.00 $953.54 $170,539.41
126 $170,539.41 $942.21 $0.00 $964.25 $172,445.87
127 $172,445.87 $942.21 $0.00 $975.03 $174,363.11
128 $174,363.11 $942.21 $0.00 $985.87 $176,291.19
129 $176,291.19 $942.21 $0.00 $996.78 $178,230.18
130 $178,230.18 $942.21 $0.00 $1,007.74 $180,180.13
131 $180,180.13 $942.21 $0.00 $1,018.76 $182,141.10
132 $182,141.10 $942.21 $0.00 $1,029.85 $184,113.16
133 $184,113.16 $942.21 $0.00 $1,041.00 $186,096.37
134 $186,096.37 $942.21 $0.00 $1,052.22 $188,090.80
135 $188,090.80 $942.21 $0.00 $1,063.49 $190,096.50
136 $190,096.50 $942.21 $0.00 $1,074.83 $192,113.54
137 $192,113.54 $942.21 $0.00 $1,086.24 $194,141.99
138 $194,141.99 $942.21 $0.00 $1,097.71 $196,181.91
139 $196,181.91 $942.21 $0.00 $1,109.24 $198,233.36
140 $198,233.36 $942.21 $0.00 $1,120.84 $200,296.41
141 $200,296.41 $942.21 $0.00 $1,132.51 $202,371.13
142 $202,371.13 $942.21 $0.00 $1,144.24 $204,457.58
143 $204,457.58 $942.21 $0.00 $1,156.03 $206,555.82
144 $206,555.82 $942.21 $0.00 $1,167.90 $208,665.93
145 $208,665.93 $942.21 $0.00 $1,179.83 $210,787.97
146 $210,787.97 $942.21 $0.00 $1,191.83 $212,922.01
147 $212,922.01 $942.21 $0.00 $1,203.89 $215,068.11
148 $215,068.11 $942.21 $0.00 $1,216.03 $217,226.35
149 $217,226.35 $942.21 $0.00 $1,228.23 $219,396.79
150 $219,396.79 $942.21 $0.00 $1,240.50 $221,579.50
151 $221,579.50 $942.21 $0.00 $1,252.84 $223,774.55
152 $223,774.55 $942.21 $0.00 $1,265.25 $225,982.01
153 $225,982.01 $942.21 $0.00 $1,277.74 $228,201.96
154 $228,201.96 $942.21 $0.00 $1,290.29 $230,434.46
155 $230,434.46 $942.21 $0.00 $1,302.91 $232,679.58
156 $232,679.58 $942.21 $0.00 $1,315.60 $234,937.39
157 $234,937.39 $942.21 $0.00 $1,328.37 $237,207.97
158 $237,207.97 $942.21 $0.00 $1,341.21 $239,491.39
159 $239,491.39 $942.21 $0.00 $1,354.12 $241,787.72
160 $241,787.72 $942.21 $0.00 $1,367.10 $244,097.03
161 $244,097.03 $942.21 $0.00 $1,380.16 $246,419.40
162 $246,419.40 $942.21 $0.00 $1,393.29 $248,754.90
163 $248,754.90 $942.21 $0.00 $1,406.50 $251,103.61
164 $251,103.61 $942.21 $0.00 $1,419.78 $253,465.60
165 $253,465.60 $942.21 $0.00 $1,433.13 $255,840.94
166 $255,840.94 $942.21 $0.00 $1,446.56 $258,229.71
167 $258,229.71 $942.21 $0.00 $1,460.07 $260,631.99
168 $260,631.99 $942.21 $0.00 $1,473.65 $263,047.85
169 $263,047.85 $942.21 $0.00 $1,487.31 $265,477.37
170 $265,477.37 $942.21 $0.00 $1,501.05 $267,920.63
171 $267,920.63 $942.21 $0.00 $1,514.86 $270,377.70
172 $270,377.70 $942.21 $0.00 $1,528.75 $272,848.66
173 $272,848.66 $942.21 $0.00 $1,542.73 $275,333.60
174 $275,333.60 $942.21 $0.00 $1,556.78 $277,832.59
175 $277,832.59 $942.21 $0.00 $1,570.91 $280,345.71
176 $280,345.71 $942.21 $0.00 $1,585.12 $282,873.04
177 $282,873.04 $942.21 $0.00 $1,599.41 $285,414.66
178 $285,414.66 $942.21 $0.00 $1,613.78 $287,970.65
179 $287,970.65 $942.21 $0.00 $1,628.23 $290,541.09
180 $290,541.09 $942.21 $0.00 $1,642.76 $293,126.06
181 $293,126.06 $942.21 $0.00 $1,657.38 $295,725.65
182 $295,725.65 $942.21 $0.00 $1,672.08 $298,339.94
183 $298,339.94 $942.21 $0.00 $1,686.86 $300,969.01
184 $300,969.01 $942.21 $0.00 $1,701.72 $303,612.94
185 $303,612.94 $942.21 $0.00 $1,716.67 $306,271.82
186 $306,271.82 $942.21 $0.00 $1,731.71 $308,945.74
187 $308,945.74 $942.21 $0.00 $1,746.82 $311,634.77
188 $311,634.77 $942.21 $0.00 $1,762.03 $314,339.01
189 $314,339.01 $942.21 $0.00 $1,777.32 $317,058.54
190 $317,058.54 $942.21 $0.00 $1,792.70 $319,793.45
191 $319,793.45 $942.21 $0.00 $1,808.16 $322,543.82
192 $322,543.82 $942.21 $0.00 $1,823.71 $325,309.74
193 $325,309.74 $942.21 $0.00 $1,839.35 $328,091.30
194 $328,091.30 $942.21 $0.00 $1,855.08 $330,888.59
195 $330,888.59 $942.21 $0.00 $1,870.89 $333,701.69
196 $333,701.69 $942.21 $0.00 $1,886.80 $336,530.70
197 $336,530.70 $942.21 $0.00 $1,902.79 $339,375.70
198 $339,375.70 $942.21 $0.00 $1,918.88 $342,236.79
199 $342,236.79 $942.21 $0.00 $1,935.06 $345,114.06
200 $345,114.06 $942.21 $0.00 $1,951.33 $348,007.60
201 $348,007.60 $942.21 $0.00 $1,967.69 $350,917.50
202 $350,917.50 $942.21 $0.00 $1,984.14 $353,843.85
203 $353,843.85 $942.21 $0.00 $2,000.68 $356,786.74
204 $356,786.74 $942.21 $0.00 $2,017.32 $359,746.27
205 $359,746.27 $942.21 $0.00 $2,034.06 $362,722.54
206 $362,722.54 $942.21 $0.00 $2,050.89 $365,715.64
207 $365,715.64 $942.21 $0.00 $2,067.81 $368,725.66
208 $368,725.66 $942.21 $0.00 $2,084.83 $371,752.70
209 $371,752.70 $942.21 $0.00 $2,101.94 $374,796.85
210 $374,796.85 $942.21 $0.00 $2,119.16 $377,858.22
211 $377,858.22 $942.21 $0.00 $2,136.47 $380,936.90
212 $380,936.90 $942.21 $0.00 $2,153.87 $384,032.98
213 $384,032.98 $942.21 $0.00 $2,171.38 $387,146.57
214 $387,146.57 $942.21 $0.00 $2,188.98 $390,277.76
215 $390,277.76 $942.21 $0.00 $2,206.69 $393,426.66
216 $393,426.66 $942.21 $0.00 $2,224.49 $396,593.36
217 $396,593.36 $942.21 $110,463.82 $2,242.40 $289,314.15
218 $289,314.15 $942.21 $0.00 $1,635.82 $291,892.18
219 $291,892.18 $942.21 $0.00 $1,650.40 $294,484.79
220 $294,484.79 $942.21 $0.00 $1,665.06 $297,092.06
221 $297,092.06 $942.21 $0.00 $1,679.80 $299,714.07
222 $299,714.07 $942.21 $0.00 $1,694.63 $302,350.91
223 $302,350.91 $942.21 $0.00 $1,709.54 $305,002.66
224 $305,002.66 $942.21 $0.00 $1,724.53 $307,669.40
225 $307,669.40 $942.21 $0.00 $1,739.61 $310,351.22
226 $310,351.22 $942.21 $0.00 $1,754.77 $313,048.20
227 $313,048.20 $942.21 $0.00 $1,770.02 $315,760.43
228 $315,760.43 $942.21 $0.00 $1,785.36 $318,488.00
229 $318,488.00 $942.21 $115,987.01 $1,800.78 $205,243.98
230 $205,243.98 $942.21 $0.00 $1,160.48 $207,346.67
231 $207,346.67 $942.21 $0.00 $1,172.37 $209,461.25
232 $209,461.25 $942.21 $0.00 $1,184.32 $211,587.78
233 $211,587.78 $942.21 $0.00 $1,196.35 $213,726.34
234 $213,726.34 $942.21 $0.00 $1,208.44 $215,876.99
235 $215,876.99 $942.21 $0.00 $1,220.60 $218,039.80
236 $218,039.80 $942.21 $0.00 $1,232.83 $220,214.84
237 $220,214.84 $942.21 $0.00 $1,245.13 $222,402.18
238 $222,402.18 $942.21 $0.00 $1,257.49 $224,601.88
239 $224,601.88 $942.21 $0.00 $1,269.93 $226,814.02
240 $226,814.02 $942.21 $0.00 $1,282.44 $229,038.67
241 $229,038.67 $942.21 $121,786.36 $1,295.02 $109,489.54
242 $109,489.54 $942.21 $0.00 $619.07 $111,050.82
243 $111,050.82 $942.21 $0.00 $627.90 $112,620.93
244 $112,620.93 $942.21 $0.00 $636.78 $114,199.92
245 $114,199.92 $942.21 $0.00 $645.70 $115,787.83
246 $115,787.83 $942.21 $0.00 $654.68 $117,384.72
247 $117,384.72 $942.21 $0.00 $663.71 $118,990.64
248 $118,990.64 $942.21 $0.00 $672.79 $120,605.64
249 $120,605.64 $942.21 $0.00 $681.92 $122,229.77
250 $122,229.77 $942.21 $0.00 $691.10 $123,863.08
251 $123,863.08 $942.21 $0.00 $700.34 $125,505.63
252 $125,505.63 $942.21 $0.00 $709.63 $127,157.47
253 $127,157.47 $0.00 $127,875.68 $718.97 $0.76