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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$137,585
Monthly savings required$1,089

How much will it cost to send your child to Wittenberg University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $550,340.85 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,089.11 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$53,056.00
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 $1,089.11 $0.00 $0.00 $1,089.11
2 $1,089.11 $1,089.11 $0.00 $6.16 $2,184.38
3 $2,184.38 $1,089.11 $0.00 $12.35 $3,285.84
4 $3,285.84 $1,089.11 $0.00 $18.58 $4,393.53
5 $4,393.53 $1,089.11 $0.00 $24.84 $5,507.48
6 $5,507.48 $1,089.11 $0.00 $31.14 $6,627.73
7 $6,627.73 $1,089.11 $0.00 $37.47 $7,754.31
8 $7,754.31 $1,089.11 $0.00 $43.84 $8,887.26
9 $8,887.26 $1,089.11 $0.00 $50.25 $10,026.62
10 $10,026.62 $1,089.11 $0.00 $56.69 $11,172.42
11 $11,172.42 $1,089.11 $0.00 $63.17 $12,324.70
12 $12,324.70 $1,089.11 $0.00 $69.69 $13,483.50
13 $13,483.50 $1,089.11 $0.00 $76.24 $14,648.85
14 $14,648.85 $1,089.11 $0.00 $82.83 $15,820.79
15 $15,820.79 $1,089.11 $0.00 $89.45 $16,999.35
16 $16,999.35 $1,089.11 $0.00 $96.12 $18,184.58
17 $18,184.58 $1,089.11 $0.00 $102.82 $19,376.51
18 $19,376.51 $1,089.11 $0.00 $109.56 $20,575.18
19 $20,575.18 $1,089.11 $0.00 $116.34 $21,780.63
20 $21,780.63 $1,089.11 $0.00 $123.15 $22,992.89
21 $22,992.89 $1,089.11 $0.00 $130.01 $24,212.01
22 $24,212.01 $1,089.11 $0.00 $136.90 $25,438.02
23 $25,438.02 $1,089.11 $0.00 $143.83 $26,670.96
24 $26,670.96 $1,089.11 $0.00 $150.80 $27,910.87
25 $27,910.87 $1,089.11 $0.00 $157.81 $29,157.79
26 $29,157.79 $1,089.11 $0.00 $164.86 $30,411.76
27 $30,411.76 $1,089.11 $0.00 $171.95 $31,672.82
28 $31,672.82 $1,089.11 $0.00 $179.08 $32,941.01
29 $32,941.01 $1,089.11 $0.00 $186.25 $34,216.37
30 $34,216.37 $1,089.11 $0.00 $193.46 $35,498.94
31 $35,498.94 $1,089.11 $0.00 $200.72 $36,788.77
32 $36,788.77 $1,089.11 $0.00 $208.01 $38,085.89
33 $38,085.89 $1,089.11 $0.00 $215.34 $39,390.34
34 $39,390.34 $1,089.11 $0.00 $222.72 $40,702.17
35 $40,702.17 $1,089.11 $0.00 $230.14 $42,021.42
36 $42,021.42 $1,089.11 $0.00 $237.60 $43,348.13
37 $43,348.13 $1,089.11 $0.00 $245.10 $44,682.34
38 $44,682.34 $1,089.11 $0.00 $252.64 $46,024.09
39 $46,024.09 $1,089.11 $0.00 $260.23 $47,373.43
40 $47,373.43 $1,089.11 $0.00 $267.86 $48,730.40
41 $48,730.40 $1,089.11 $0.00 $275.53 $50,095.04
42 $50,095.04 $1,089.11 $0.00 $283.24 $51,467.39
43 $51,467.39 $1,089.11 $0.00 $291.00 $52,847.50
44 $52,847.50 $1,089.11 $0.00 $298.81 $54,235.42
45 $54,235.42 $1,089.11 $0.00 $306.65 $55,631.18
46 $55,631.18 $1,089.11 $0.00 $314.55 $57,034.84
47 $57,034.84 $1,089.11 $0.00 $322.48 $58,446.43
48 $58,446.43 $1,089.11 $0.00 $330.46 $59,866.00
49 $59,866.00 $1,089.11 $0.00 $338.49 $61,293.60
50 $61,293.60 $1,089.11 $0.00 $346.56 $62,729.27
51 $62,729.27 $1,089.11 $0.00 $354.68 $64,173.06
52 $64,173.06 $1,089.11 $0.00 $362.84 $65,625.01
53 $65,625.01 $1,089.11 $0.00 $371.05 $67,085.17
54 $67,085.17 $1,089.11 $0.00 $379.31 $68,553.59
55 $68,553.59 $1,089.11 $0.00 $387.61 $70,030.31
56 $70,030.31 $1,089.11 $0.00 $395.96 $71,515.38
57 $71,515.38 $1,089.11 $0.00 $404.36 $73,008.85
58 $73,008.85 $1,089.11 $0.00 $412.80 $74,510.76
59 $74,510.76 $1,089.11 $0.00 $421.29 $76,021.16
60 $76,021.16 $1,089.11 $0.00 $429.83 $77,540.10
61 $77,540.10 $1,089.11 $0.00 $438.42 $79,067.63
62 $79,067.63 $1,089.11 $0.00 $447.06 $80,603.80
63 $80,603.80 $1,089.11 $0.00 $455.75 $82,148.66
64 $82,148.66 $1,089.11 $0.00 $464.48 $83,702.25
65 $83,702.25 $1,089.11 $0.00 $473.26 $85,264.62
66 $85,264.62 $1,089.11 $0.00 $482.10 $86,835.83
67 $86,835.83 $1,089.11 $0.00 $490.98 $88,415.92
68 $88,415.92 $1,089.11 $0.00 $499.92 $90,004.95
69 $90,004.95 $1,089.11 $0.00 $508.90 $91,602.96
70 $91,602.96 $1,089.11 $0.00 $517.94 $93,210.01
71 $93,210.01 $1,089.11 $0.00 $527.02 $94,826.14
72 $94,826.14 $1,089.11 $0.00 $536.16 $96,451.41
73 $96,451.41 $1,089.11 $0.00 $545.35 $98,085.87
74 $98,085.87 $1,089.11 $0.00 $554.59 $99,729.57
75 $99,729.57 $1,089.11 $0.00 $563.89 $101,382.57
76 $101,382.57 $1,089.11 $0.00 $573.23 $103,044.91
77 $103,044.91 $1,089.11 $0.00 $582.63 $104,716.65
78 $104,716.65 $1,089.11 $0.00 $592.08 $106,397.84
79 $106,397.84 $1,089.11 $0.00 $601.59 $108,088.54
80 $108,088.54 $1,089.11 $0.00 $611.15 $109,788.80
81 $109,788.80 $1,089.11 $0.00 $620.76 $111,498.67
82 $111,498.67 $1,089.11 $0.00 $630.43 $113,218.21
83 $113,218.21 $1,089.11 $0.00 $640.15 $114,947.47
84 $114,947.47 $1,089.11 $0.00 $649.93 $116,686.51
85 $116,686.51 $1,089.11 $0.00 $659.76 $118,435.38
86 $118,435.38 $1,089.11 $0.00 $669.65 $120,194.14
87 $120,194.14 $1,089.11 $0.00 $679.60 $121,962.85
88 $121,962.85 $1,089.11 $0.00 $689.60 $123,741.56
89 $123,741.56 $1,089.11 $0.00 $699.65 $125,530.32
90 $125,530.32 $1,089.11 $0.00 $709.77 $127,329.20
91 $127,329.20 $1,089.11 $0.00 $719.94 $129,138.25
92 $129,138.25 $1,089.11 $0.00 $730.17 $130,957.53
93 $130,957.53 $1,089.11 $0.00 $740.45 $132,787.09
94 $132,787.09 $1,089.11 $0.00 $750.80 $134,627.00
95 $134,627.00 $1,089.11 $0.00 $761.20 $136,477.31
96 $136,477.31 $1,089.11 $0.00 $771.66 $138,338.08
97 $138,338.08 $1,089.11 $0.00 $782.18 $140,209.37
98 $140,209.37 $1,089.11 $0.00 $792.76 $142,091.24
99 $142,091.24 $1,089.11 $0.00 $803.40 $143,983.75
100 $143,983.75 $1,089.11 $0.00 $814.11 $145,886.97
101 $145,886.97 $1,089.11 $0.00 $824.87 $147,800.95
102 $147,800.95 $1,089.11 $0.00 $835.69 $149,725.75
103 $149,725.75 $1,089.11 $0.00 $846.57 $151,661.43
104 $151,661.43 $1,089.11 $0.00 $857.52 $153,608.06
105 $153,608.06 $1,089.11 $0.00 $868.52 $155,565.69
106 $155,565.69 $1,089.11 $0.00 $879.59 $157,534.39
107 $157,534.39 $1,089.11 $0.00 $890.72 $159,514.22
108 $159,514.22 $1,089.11 $0.00 $901.92 $161,505.25
109 $161,505.25 $1,089.11 $0.00 $913.17 $163,507.53
110 $163,507.53 $1,089.11 $0.00 $924.50 $165,521.14
111 $165,521.14 $1,089.11 $0.00 $935.88 $167,546.13
112 $167,546.13 $1,089.11 $0.00 $947.33 $169,582.57
113 $169,582.57 $1,089.11 $0.00 $958.84 $171,630.52
114 $171,630.52 $1,089.11 $0.00 $970.42 $173,690.05
115 $173,690.05 $1,089.11 $0.00 $982.07 $175,761.23
116 $175,761.23 $1,089.11 $0.00 $993.78 $177,844.12
117 $177,844.12 $1,089.11 $0.00 $1,005.56 $179,938.79
118 $179,938.79 $1,089.11 $0.00 $1,017.40 $182,045.30
119 $182,045.30 $1,089.11 $0.00 $1,029.31 $184,163.72
120 $184,163.72 $1,089.11 $0.00 $1,041.29 $186,294.12
121 $186,294.12 $1,089.11 $0.00 $1,053.33 $188,436.56
122 $188,436.56 $1,089.11 $0.00 $1,065.45 $190,591.12
123 $190,591.12 $1,089.11 $0.00 $1,077.63 $192,757.86
124 $192,757.86 $1,089.11 $0.00 $1,089.88 $194,936.85
125 $194,936.85 $1,089.11 $0.00 $1,102.20 $197,128.16
126 $197,128.16 $1,089.11 $0.00 $1,114.59 $199,331.86
127 $199,331.86 $1,089.11 $0.00 $1,127.05 $201,548.02
128 $201,548.02 $1,089.11 $0.00 $1,139.58 $203,776.71
129 $203,776.71 $1,089.11 $0.00 $1,152.18 $206,018.00
130 $206,018.00 $1,089.11 $0.00 $1,164.86 $208,271.97
131 $208,271.97 $1,089.11 $0.00 $1,177.60 $210,538.68
132 $210,538.68 $1,089.11 $0.00 $1,190.42 $212,818.21
133 $212,818.21 $1,089.11 $0.00 $1,203.31 $215,110.63
134 $215,110.63 $1,089.11 $0.00 $1,216.27 $217,416.01
135 $217,416.01 $1,089.11 $0.00 $1,229.30 $219,734.42
136 $219,734.42 $1,089.11 $0.00 $1,242.41 $222,065.94
137 $222,065.94 $1,089.11 $0.00 $1,255.59 $224,410.64
138 $224,410.64 $1,089.11 $0.00 $1,268.85 $226,768.60
139 $226,768.60 $1,089.11 $0.00 $1,282.18 $229,139.89
140 $229,139.89 $1,089.11 $0.00 $1,295.59 $231,524.59
141 $231,524.59 $1,089.11 $0.00 $1,309.07 $233,922.77
142 $233,922.77 $1,089.11 $0.00 $1,322.63 $236,334.51
143 $236,334.51 $1,089.11 $0.00 $1,336.27 $238,759.89
144 $238,759.89 $1,089.11 $0.00 $1,349.98 $241,198.98
145 $241,198.98 $1,089.11 $0.00 $1,363.77 $243,651.86
146 $243,651.86 $1,089.11 $0.00 $1,377.64 $246,118.61
147 $246,118.61 $1,089.11 $0.00 $1,391.59 $248,599.31
148 $248,599.31 $1,089.11 $0.00 $1,405.62 $251,094.04
149 $251,094.04 $1,089.11 $0.00 $1,419.72 $253,602.87
150 $253,602.87 $1,089.11 $0.00 $1,433.91 $256,125.89
151 $256,125.89 $1,089.11 $0.00 $1,448.17 $258,663.17
152 $258,663.17 $1,089.11 $0.00 $1,462.52 $261,214.80
153 $261,214.80 $1,089.11 $0.00 $1,476.95 $263,780.86
154 $263,780.86 $1,089.11 $0.00 $1,491.46 $266,361.43
155 $266,361.43 $1,089.11 $0.00 $1,506.05 $268,956.59
156 $268,956.59 $1,089.11 $0.00 $1,520.72 $271,566.42
157 $271,566.42 $1,089.11 $0.00 $1,535.48 $274,191.01
158 $274,191.01 $1,089.11 $0.00 $1,550.32 $276,830.44
159 $276,830.44 $1,089.11 $0.00 $1,565.24 $279,484.79
160 $279,484.79 $1,089.11 $0.00 $1,580.25 $282,154.15
161 $282,154.15 $1,089.11 $0.00 $1,595.34 $284,838.60
162 $284,838.60 $1,089.11 $0.00 $1,610.52 $287,538.23
163 $287,538.23 $1,089.11 $0.00 $1,625.78 $290,253.12
164 $290,253.12 $1,089.11 $0.00 $1,641.13 $292,983.36
165 $292,983.36 $1,089.11 $0.00 $1,656.57 $295,729.04
166 $295,729.04 $1,089.11 $0.00 $1,672.09 $298,490.24
167 $298,490.24 $1,089.11 $0.00 $1,687.71 $301,267.06
168 $301,267.06 $1,089.11 $0.00 $1,703.41 $304,059.58
169 $304,059.58 $1,089.11 $0.00 $1,719.20 $306,867.89
170 $306,867.89 $1,089.11 $0.00 $1,735.08 $309,692.08
171 $309,692.08 $1,089.11 $0.00 $1,751.04 $312,532.23
172 $312,532.23 $1,089.11 $0.00 $1,767.10 $315,388.44
173 $315,388.44 $1,089.11 $0.00 $1,783.25 $318,260.80
174 $318,260.80 $1,089.11 $0.00 $1,799.49 $321,149.40
175 $321,149.40 $1,089.11 $0.00 $1,815.83 $324,054.34
176 $324,054.34 $1,089.11 $0.00 $1,832.25 $326,975.70
177 $326,975.70 $1,089.11 $0.00 $1,848.77 $329,913.58
178 $329,913.58 $1,089.11 $0.00 $1,865.38 $332,868.07
179 $332,868.07 $1,089.11 $0.00 $1,882.08 $335,839.26
180 $335,839.26 $1,089.11 $0.00 $1,898.88 $338,827.25
181 $338,827.25 $1,089.11 $0.00 $1,915.78 $341,832.14
182 $341,832.14 $1,089.11 $0.00 $1,932.77 $344,854.02
183 $344,854.02 $1,089.11 $0.00 $1,949.85 $347,892.98
184 $347,892.98 $1,089.11 $0.00 $1,967.04 $350,949.13
185 $350,949.13 $1,089.11 $0.00 $1,984.32 $354,022.56
186 $354,022.56 $1,089.11 $0.00 $2,001.70 $357,113.37
187 $357,113.37 $1,089.11 $0.00 $2,019.17 $360,221.65
188 $360,221.65 $1,089.11 $0.00 $2,036.75 $363,347.51
189 $363,347.51 $1,089.11 $0.00 $2,054.42 $366,491.04
190 $366,491.04 $1,089.11 $0.00 $2,072.19 $369,652.34
191 $369,652.34 $1,089.11 $0.00 $2,090.07 $372,831.52
192 $372,831.52 $1,089.11 $0.00 $2,108.04 $376,028.67
193 $376,028.67 $1,089.11 $0.00 $2,126.12 $379,243.90
194 $379,243.90 $1,089.11 $0.00 $2,144.30 $382,477.31
195 $382,477.31 $1,089.11 $0.00 $2,162.58 $385,729.00
196 $385,729.00 $1,089.11 $0.00 $2,180.97 $388,999.08
197 $388,999.08 $1,089.11 $0.00 $2,199.46 $392,287.65
198 $392,287.65 $1,089.11 $0.00 $2,218.05 $395,594.81
199 $395,594.81 $1,089.11 $0.00 $2,236.75 $398,920.67
200 $398,920.67 $1,089.11 $0.00 $2,255.56 $402,265.34
201 $402,265.34 $1,089.11 $0.00 $2,274.47 $405,628.92
202 $405,628.92 $1,089.11 $0.00 $2,293.48 $409,011.51
203 $409,011.51 $1,089.11 $0.00 $2,312.61 $412,413.23
204 $412,413.23 $1,089.11 $0.00 $2,331.84 $415,834.18
205 $415,834.18 $1,089.11 $0.00 $2,351.19 $419,274.48
206 $419,274.48 $1,089.11 $0.00 $2,370.64 $422,734.23
207 $422,734.23 $1,089.11 $0.00 $2,390.20 $426,213.54
208 $426,213.54 $1,089.11 $0.00 $2,409.87 $429,712.52
209 $429,712.52 $1,089.11 $0.00 $2,429.66 $433,231.29
210 $433,231.29 $1,089.11 $0.00 $2,449.55 $436,769.95
211 $436,769.95 $1,089.11 $0.00 $2,469.56 $440,328.62
212 $440,328.62 $1,089.11 $0.00 $2,489.68 $443,907.41
213 $443,907.41 $1,089.11 $0.00 $2,509.92 $447,506.44
214 $447,506.44 $1,089.11 $0.00 $2,530.27 $451,125.82
215 $451,125.82 $1,089.11 $0.00 $2,550.73 $454,765.66
216 $454,765.66 $1,089.11 $0.00 $2,571.31 $458,426.08
217 $458,426.08 $1,089.11 $127,685.59 $2,592.01 $334,421.61
218 $334,421.61 $1,089.11 $0.00 $1,890.87 $337,401.59
219 $337,401.59 $1,089.11 $0.00 $1,907.72 $340,398.42
220 $340,398.42 $1,089.11 $0.00 $1,924.66 $343,412.19
221 $343,412.19 $1,089.11 $0.00 $1,941.70 $346,443.00
222 $346,443.00 $1,089.11 $0.00 $1,958.84 $349,490.95
223 $349,490.95 $1,089.11 $0.00 $1,976.07 $352,556.13
224 $352,556.13 $1,089.11 $0.00 $1,993.40 $355,638.64
225 $355,638.64 $1,089.11 $0.00 $2,010.83 $358,738.58
226 $358,738.58 $1,089.11 $0.00 $2,028.36 $361,856.05
227 $361,856.05 $1,089.11 $0.00 $2,045.99 $364,991.15
228 $364,991.15 $1,089.11 $0.00 $2,063.71 $368,143.97
229 $368,143.97 $1,089.11 $134,069.87 $2,081.54 $237,244.75
230 $237,244.75 $1,089.11 $0.00 $1,341.42 $239,675.28
231 $239,675.28 $1,089.11 $0.00 $1,355.16 $242,119.55
232 $242,119.55 $1,089.11 $0.00 $1,368.98 $244,577.64
233 $244,577.64 $1,089.11 $0.00 $1,382.88 $247,049.63
234 $247,049.63 $1,089.11 $0.00 $1,396.85 $249,535.59
235 $249,535.59 $1,089.11 $0.00 $1,410.91 $252,035.61
236 $252,035.61 $1,089.11 $0.00 $1,425.05 $254,549.77
237 $254,549.77 $1,089.11 $0.00 $1,439.26 $257,078.14
238 $257,078.14 $1,089.11 $0.00 $1,453.56 $259,620.81
239 $259,620.81 $1,089.11 $0.00 $1,467.93 $262,177.85
240 $262,177.85 $1,089.11 $0.00 $1,482.39 $264,749.35
241 $264,749.35 $1,089.11 $140,773.36 $1,496.93 $126,562.03
242 $126,562.03 $1,089.11 $0.00 $715.60 $128,366.74
243 $128,366.74 $1,089.11 $0.00 $725.80 $130,181.65
244 $130,181.65 $1,089.11 $0.00 $736.07 $132,006.83
245 $132,006.83 $1,089.11 $0.00 $746.39 $133,842.33
246 $133,842.33 $1,089.11 $0.00 $756.76 $135,688.20
247 $135,688.20 $1,089.11 $0.00 $767.20 $137,544.51
248 $137,544.51 $1,089.11 $0.00 $777.70 $139,411.32
249 $139,411.32 $1,089.11 $0.00 $788.25 $141,288.68
250 $141,288.68 $1,089.11 $0.00 $798.87 $143,176.66
251 $143,176.66 $1,089.11 $0.00 $809.54 $145,075.31
252 $145,075.31 $1,089.11 $0.00 $820.28 $146,984.70
253 $146,984.70 $0.00 $147,812.03 $831.07 $3.74