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 2039$114,755
Monthly savings required$908

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 $459,018.46 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $908.38 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$44,252.00
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 $908.38 $0.00 $0.00 $908.38
2 $908.38 $908.38 $0.00 $5.14 $1,821.90
3 $1,821.90 $908.38 $0.00 $10.30 $2,740.58
4 $2,740.58 $908.38 $0.00 $15.50 $3,664.46
5 $3,664.46 $908.38 $0.00 $20.72 $4,593.56
6 $4,593.56 $908.38 $0.00 $25.97 $5,527.91
7 $5,527.91 $908.38 $0.00 $31.26 $6,467.55
8 $6,467.55 $908.38 $0.00 $36.57 $7,412.50
9 $7,412.50 $908.38 $0.00 $41.91 $8,362.79
10 $8,362.79 $908.38 $0.00 $47.28 $9,318.45
11 $9,318.45 $908.38 $0.00 $52.69 $10,279.52
12 $10,279.52 $908.38 $0.00 $58.12 $11,246.02
13 $11,246.02 $908.38 $0.00 $63.59 $12,217.99
14 $12,217.99 $908.38 $0.00 $69.08 $13,195.45
15 $13,195.45 $908.38 $0.00 $74.61 $14,178.44
16 $14,178.44 $908.38 $0.00 $80.17 $15,166.99
17 $15,166.99 $908.38 $0.00 $85.76 $16,161.13
18 $16,161.13 $908.38 $0.00 $91.38 $17,160.89
19 $17,160.89 $908.38 $0.00 $97.03 $18,166.30
20 $18,166.30 $908.38 $0.00 $102.71 $19,177.39
21 $19,177.39 $908.38 $0.00 $108.43 $20,194.20
22 $20,194.20 $908.38 $0.00 $114.18 $21,216.76
23 $21,216.76 $908.38 $0.00 $119.96 $22,245.10
24 $22,245.10 $908.38 $0.00 $125.78 $23,279.26
25 $23,279.26 $908.38 $0.00 $131.62 $24,319.26
26 $24,319.26 $908.38 $0.00 $137.50 $25,365.14
27 $25,365.14 $908.38 $0.00 $143.42 $26,416.94
28 $26,416.94 $908.38 $0.00 $149.37 $27,474.69
29 $27,474.69 $908.38 $0.00 $155.35 $28,538.42
30 $28,538.42 $908.38 $0.00 $161.36 $29,608.16
31 $29,608.16 $908.38 $0.00 $167.41 $30,683.95
32 $30,683.95 $908.38 $0.00 $173.49 $31,765.82
33 $31,765.82 $908.38 $0.00 $179.61 $32,853.81
34 $32,853.81 $908.38 $0.00 $185.76 $33,947.95
35 $33,947.95 $908.38 $0.00 $191.95 $35,048.28
36 $35,048.28 $908.38 $0.00 $198.17 $36,154.83
37 $36,154.83 $908.38 $0.00 $204.42 $37,267.63
38 $37,267.63 $908.38 $0.00 $210.72 $38,386.73
39 $38,386.73 $908.38 $0.00 $217.04 $39,512.15
40 $39,512.15 $908.38 $0.00 $223.41 $40,643.94
41 $40,643.94 $908.38 $0.00 $229.81 $41,782.13
42 $41,782.13 $908.38 $0.00 $236.24 $42,926.75
43 $42,926.75 $908.38 $0.00 $242.71 $44,077.84
44 $44,077.84 $908.38 $0.00 $249.22 $45,235.44
45 $45,235.44 $908.38 $0.00 $255.77 $46,399.59
46 $46,399.59 $908.38 $0.00 $262.35 $47,570.32
47 $47,570.32 $908.38 $0.00 $268.97 $48,747.67
48 $48,747.67 $908.38 $0.00 $275.63 $49,931.68
49 $49,931.68 $908.38 $0.00 $282.32 $51,122.38
50 $51,122.38 $908.38 $0.00 $289.05 $52,319.81
51 $52,319.81 $908.38 $0.00 $295.82 $53,524.01
52 $53,524.01 $908.38 $0.00 $302.63 $54,735.02
53 $54,735.02 $908.38 $0.00 $309.48 $55,952.88
54 $55,952.88 $908.38 $0.00 $316.37 $57,177.63
55 $57,177.63 $908.38 $0.00 $323.29 $58,409.30
56 $58,409.30 $908.38 $0.00 $330.25 $59,647.93
57 $59,647.93 $908.38 $0.00 $337.26 $60,893.57
58 $60,893.57 $908.38 $0.00 $344.30 $62,146.25
59 $62,146.25 $908.38 $0.00 $351.38 $63,406.01
60 $63,406.01 $908.38 $0.00 $358.51 $64,672.90
61 $64,672.90 $908.38 $0.00 $365.67 $65,946.95
62 $65,946.95 $908.38 $0.00 $372.87 $67,228.20
63 $67,228.20 $908.38 $0.00 $380.12 $68,516.70
64 $68,516.70 $908.38 $0.00 $387.40 $69,812.48
65 $69,812.48 $908.38 $0.00 $394.73 $71,115.59
66 $71,115.59 $908.38 $0.00 $402.10 $72,426.07
67 $72,426.07 $908.38 $0.00 $409.51 $73,743.96
68 $73,743.96 $908.38 $0.00 $416.96 $75,069.30
69 $75,069.30 $908.38 $0.00 $424.45 $76,402.13
70 $76,402.13 $908.38 $0.00 $431.99 $77,742.50
71 $77,742.50 $908.38 $0.00 $439.57 $79,090.45
72 $79,090.45 $908.38 $0.00 $447.19 $80,446.02
73 $80,446.02 $908.38 $0.00 $454.85 $81,809.25
74 $81,809.25 $908.38 $0.00 $462.56 $83,180.19
75 $83,180.19 $908.38 $0.00 $470.31 $84,558.88
76 $84,558.88 $908.38 $0.00 $478.11 $85,945.37
77 $85,945.37 $908.38 $0.00 $485.95 $87,339.70
78 $87,339.70 $908.38 $0.00 $493.83 $88,741.91
79 $88,741.91 $908.38 $0.00 $501.76 $90,152.05
80 $90,152.05 $908.38 $0.00 $509.73 $91,570.16
81 $91,570.16 $908.38 $0.00 $517.75 $92,996.29
82 $92,996.29 $908.38 $0.00 $525.81 $94,430.48
83 $94,430.48 $908.38 $0.00 $533.92 $95,872.78
84 $95,872.78 $908.38 $0.00 $542.08 $97,323.24
85 $97,323.24 $908.38 $0.00 $550.28 $98,781.90
86 $98,781.90 $908.38 $0.00 $558.53 $100,248.81
87 $100,248.81 $908.38 $0.00 $566.82 $101,724.01
88 $101,724.01 $908.38 $0.00 $575.16 $103,207.55
89 $103,207.55 $908.38 $0.00 $583.55 $104,699.48
90 $104,699.48 $908.38 $0.00 $591.99 $106,199.85
91 $106,199.85 $908.38 $0.00 $600.47 $107,708.70
92 $107,708.70 $908.38 $0.00 $609.00 $109,226.08
93 $109,226.08 $908.38 $0.00 $617.58 $110,752.04
94 $110,752.04 $908.38 $0.00 $626.21 $112,286.63
95 $112,286.63 $908.38 $0.00 $634.88 $113,829.89
96 $113,829.89 $908.38 $0.00 $643.61 $115,381.88
97 $115,381.88 $908.38 $0.00 $652.39 $116,942.65
98 $116,942.65 $908.38 $0.00 $661.21 $118,512.24
99 $118,512.24 $908.38 $0.00 $670.09 $120,090.71
100 $120,090.71 $908.38 $0.00 $679.01 $121,678.10
101 $121,678.10 $908.38 $0.00 $687.99 $123,274.47
102 $123,274.47 $908.38 $0.00 $697.01 $124,879.86
103 $124,879.86 $908.38 $0.00 $706.09 $126,494.33
104 $126,494.33 $908.38 $0.00 $715.22 $128,117.93
105 $128,117.93 $908.38 $0.00 $724.40 $129,750.71
106 $129,750.71 $908.38 $0.00 $733.63 $131,392.72
107 $131,392.72 $908.38 $0.00 $742.91 $133,044.01
108 $133,044.01 $908.38 $0.00 $752.25 $134,704.64
109 $134,704.64 $908.38 $0.00 $761.64 $136,374.66
110 $136,374.66 $908.38 $0.00 $771.08 $138,054.12
111 $138,054.12 $908.38 $0.00 $780.58 $139,743.08
112 $139,743.08 $908.38 $0.00 $790.13 $141,441.59
113 $141,441.59 $908.38 $0.00 $799.73 $143,149.70
114 $143,149.70 $908.38 $0.00 $809.39 $144,867.47
115 $144,867.47 $908.38 $0.00 $819.10 $146,594.95
116 $146,594.95 $908.38 $0.00 $828.87 $148,332.20
117 $148,332.20 $908.38 $0.00 $838.69 $150,079.27
118 $150,079.27 $908.38 $0.00 $848.57 $151,836.22
119 $151,836.22 $908.38 $0.00 $858.50 $153,603.10
120 $153,603.10 $908.38 $0.00 $868.49 $155,379.97
121 $155,379.97 $908.38 $0.00 $878.54 $157,166.89
122 $157,166.89 $908.38 $0.00 $888.64 $158,963.91
123 $158,963.91 $908.38 $0.00 $898.81 $160,771.10
124 $160,771.10 $908.38 $0.00 $909.02 $162,588.50
125 $162,588.50 $908.38 $0.00 $919.30 $164,416.18
126 $164,416.18 $908.38 $0.00 $929.63 $166,254.19
127 $166,254.19 $908.38 $0.00 $940.03 $168,102.60
128 $168,102.60 $908.38 $0.00 $950.48 $169,961.46
129 $169,961.46 $908.38 $0.00 $960.99 $171,830.83
130 $171,830.83 $908.38 $0.00 $971.56 $173,710.77
131 $173,710.77 $908.38 $0.00 $982.19 $175,601.34
132 $175,601.34 $908.38 $0.00 $992.88 $177,502.60
133 $177,502.60 $908.38 $0.00 $1,003.63 $179,414.61
134 $179,414.61 $908.38 $0.00 $1,014.44 $181,337.43
135 $181,337.43 $908.38 $0.00 $1,025.31 $183,271.12
136 $183,271.12 $908.38 $0.00 $1,036.24 $185,215.74
137 $185,215.74 $908.38 $0.00 $1,047.24 $187,171.36
138 $187,171.36 $908.38 $0.00 $1,058.29 $189,138.03
139 $189,138.03 $908.38 $0.00 $1,069.41 $191,115.82
140 $191,115.82 $908.38 $0.00 $1,080.60 $193,104.80
141 $193,104.80 $908.38 $0.00 $1,091.84 $195,105.02
142 $195,105.02 $908.38 $0.00 $1,103.15 $197,116.55
143 $197,116.55 $908.38 $0.00 $1,114.53 $199,139.46
144 $199,139.46 $908.38 $0.00 $1,125.96 $201,173.80
145 $201,173.80 $908.38 $0.00 $1,137.47 $203,219.65
146 $203,219.65 $908.38 $0.00 $1,149.03 $205,277.06
147 $205,277.06 $908.38 $0.00 $1,160.67 $207,346.11
148 $207,346.11 $908.38 $0.00 $1,172.37 $209,426.86
149 $209,426.86 $908.38 $0.00 $1,184.13 $211,519.37
150 $211,519.37 $908.38 $0.00 $1,195.96 $213,623.71
151 $213,623.71 $908.38 $0.00 $1,207.86 $215,739.95
152 $215,739.95 $908.38 $0.00 $1,219.83 $217,868.16
153 $217,868.16 $908.38 $0.00 $1,231.86 $220,008.40
154 $220,008.40 $908.38 $0.00 $1,243.96 $222,160.74
155 $222,160.74 $908.38 $0.00 $1,256.13 $224,325.25
156 $224,325.25 $908.38 $0.00 $1,268.37 $226,502.00
157 $226,502.00 $908.38 $0.00 $1,280.68 $228,691.06
158 $228,691.06 $908.38 $0.00 $1,293.05 $230,892.49
159 $230,892.49 $908.38 $0.00 $1,305.50 $233,106.37
160 $233,106.37 $908.38 $0.00 $1,318.02 $235,332.77
161 $235,332.77 $908.38 $0.00 $1,330.61 $237,571.76
162 $237,571.76 $908.38 $0.00 $1,343.27 $239,823.41
163 $239,823.41 $908.38 $0.00 $1,356.00 $242,087.79
164 $242,087.79 $908.38 $0.00 $1,368.80 $244,364.97
165 $244,364.97 $908.38 $0.00 $1,381.68 $246,655.03
166 $246,655.03 $908.38 $0.00 $1,394.62 $248,958.03
167 $248,958.03 $908.38 $0.00 $1,407.64 $251,274.05
168 $251,274.05 $908.38 $0.00 $1,420.74 $253,603.17
169 $253,603.17 $908.38 $0.00 $1,433.91 $255,945.46
170 $255,945.46 $908.38 $0.00 $1,447.15 $258,300.99
171 $258,300.99 $908.38 $0.00 $1,460.47 $260,669.84
172 $260,669.84 $908.38 $0.00 $1,473.87 $263,052.09
173 $263,052.09 $908.38 $0.00 $1,487.33 $265,447.80
174 $265,447.80 $908.38 $0.00 $1,500.88 $267,857.06
175 $267,857.06 $908.38 $0.00 $1,514.50 $270,279.94
176 $270,279.94 $908.38 $0.00 $1,528.20 $272,716.52
177 $272,716.52 $908.38 $0.00 $1,541.98 $275,166.88
178 $275,166.88 $908.38 $0.00 $1,555.83 $277,631.09
179 $277,631.09 $908.38 $0.00 $1,569.77 $280,109.24
180 $280,109.24 $908.38 $0.00 $1,583.78 $282,601.40
181 $282,601.40 $908.38 $0.00 $1,597.87 $285,107.65
182 $285,107.65 $908.38 $0.00 $1,612.04 $287,628.07
183 $287,628.07 $908.38 $0.00 $1,626.29 $290,162.74
184 $290,162.74 $908.38 $0.00 $1,640.62 $292,711.74
185 $292,711.74 $908.38 $0.00 $1,655.03 $295,275.15
186 $295,275.15 $908.38 $0.00 $1,669.53 $297,853.06
187 $297,853.06 $908.38 $0.00 $1,684.10 $300,445.54
188 $300,445.54 $908.38 $0.00 $1,698.76 $303,052.68
189 $303,052.68 $908.38 $0.00 $1,713.50 $305,674.56
190 $305,674.56 $908.38 $0.00 $1,728.33 $308,311.27
191 $308,311.27 $908.38 $0.00 $1,743.24 $310,962.89
192 $310,962.89 $908.38 $0.00 $1,758.23 $313,629.50
193 $313,629.50 $908.38 $0.00 $1,773.31 $316,311.19
194 $316,311.19 $908.38 $0.00 $1,788.47 $319,008.04
195 $319,008.04 $908.38 $0.00 $1,803.72 $321,720.14
196 $321,720.14 $908.38 $0.00 $1,819.05 $324,447.57
197 $324,447.57 $908.38 $0.00 $1,834.47 $327,190.42
198 $327,190.42 $908.38 $0.00 $1,849.98 $329,948.78
199 $329,948.78 $908.38 $0.00 $1,865.58 $332,722.74
200 $332,722.74 $908.38 $0.00 $1,881.26 $335,512.38
201 $335,512.38 $908.38 $0.00 $1,897.04 $338,317.80
202 $338,317.80 $908.38 $0.00 $1,912.90 $341,139.08
203 $341,139.08 $908.38 $0.00 $1,928.85 $343,976.31
204 $343,976.31 $908.38 $0.00 $1,944.89 $346,829.58
205 $346,829.58 $908.38 $0.00 $1,961.02 $349,698.98
206 $349,698.98 $908.38 $0.00 $1,977.25 $352,584.61
207 $352,584.61 $908.38 $0.00 $1,993.56 $355,486.55
208 $355,486.55 $908.38 $0.00 $2,009.97 $358,404.90
209 $358,404.90 $908.38 $0.00 $2,026.47 $361,339.75
210 $361,339.75 $908.38 $0.00 $2,043.07 $364,291.20
211 $364,291.20 $908.38 $0.00 $2,059.76 $367,259.34
212 $367,259.34 $908.38 $0.00 $2,076.54 $370,244.26
213 $370,244.26 $908.38 $0.00 $2,093.41 $373,246.05
214 $373,246.05 $908.38 $0.00 $2,110.39 $376,264.82
215 $376,264.82 $908.38 $0.00 $2,127.46 $379,300.66
216 $379,300.66 $908.38 $0.00 $2,144.62 $382,353.66
217 $382,353.66 $908.38 $106,497.71 $2,161.88 $278,926.21
218 $278,926.21 $908.38 $0.00 $1,577.09 $281,411.68
219 $281,411.68 $908.38 $0.00 $1,591.14 $283,911.20
220 $283,911.20 $908.38 $0.00 $1,605.28 $286,424.86
221 $286,424.86 $908.38 $0.00 $1,619.49 $288,952.73
222 $288,952.73 $908.38 $0.00 $1,633.78 $291,494.89
223 $291,494.89 $908.38 $0.00 $1,648.15 $294,051.42
224 $294,051.42 $908.38 $0.00 $1,662.61 $296,622.41
225 $296,622.41 $908.38 $0.00 $1,677.15 $299,207.94
226 $299,207.94 $908.38 $0.00 $1,691.77 $301,808.09
227 $301,808.09 $908.38 $0.00 $1,706.47 $304,422.94
228 $304,422.94 $908.38 $0.00 $1,721.25 $307,052.57
229 $307,052.57 $908.38 $111,822.60 $1,736.12 $197,874.47
230 $197,874.47 $908.38 $0.00 $1,118.81 $199,901.66
231 $199,901.66 $908.38 $0.00 $1,130.27 $201,940.31
232 $201,940.31 $908.38 $0.00 $1,141.80 $203,990.49
233 $203,990.49 $908.38 $0.00 $1,153.39 $206,052.26
234 $206,052.26 $908.38 $0.00 $1,165.05 $208,125.69
235 $208,125.69 $908.38 $0.00 $1,176.77 $210,210.84
236 $210,210.84 $908.38 $0.00 $1,188.56 $212,307.78
237 $212,307.78 $908.38 $0.00 $1,200.42 $214,416.58
238 $214,416.58 $908.38 $0.00 $1,212.34 $216,537.30
239 $216,537.30 $908.38 $0.00 $1,224.33 $218,670.01
240 $218,670.01 $908.38 $0.00 $1,236.39 $220,814.78
241 $220,814.78 $908.38 $117,413.73 $1,248.52 $105,557.95
242 $105,557.95 $908.38 $0.00 $596.84 $107,063.17
243 $107,063.17 $908.38 $0.00 $605.35 $108,576.90
244 $108,576.90 $908.38 $0.00 $613.91 $110,099.19
245 $110,099.19 $908.38 $0.00 $622.52 $111,630.09
246 $111,630.09 $908.38 $0.00 $631.17 $113,169.64
247 $113,169.64 $908.38 $0.00 $639.88 $114,717.90
248 $114,717.90 $908.38 $0.00 $648.63 $116,274.91
249 $116,274.91 $908.38 $0.00 $657.44 $117,840.73
250 $117,840.73 $908.38 $0.00 $666.29 $119,415.40
251 $119,415.40 $908.38 $0.00 $675.19 $120,998.97
252 $120,998.97 $908.38 $0.00 $684.15 $122,591.50
253 $122,591.50 $0.00 $123,284.42 $693.15 $0.23