Savings Plan and Future Cost Estimation for Southern Nazarene University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$109,952
Monthly savings required$870

How much will it cost to send your child to Southern Nazarene University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $439,807.98 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $870.36 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$42,400.00
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 $870.36 $0.00 $0.00 $870.36
2 $870.36 $870.36 $0.00 $4.92 $1,745.64
3 $1,745.64 $870.36 $0.00 $9.87 $2,625.87
4 $2,625.87 $870.36 $0.00 $14.85 $3,511.08
5 $3,511.08 $870.36 $0.00 $19.85 $4,401.29
6 $4,401.29 $870.36 $0.00 $24.89 $5,296.54
7 $5,296.54 $870.36 $0.00 $29.95 $6,196.85
8 $6,196.85 $870.36 $0.00 $35.04 $7,102.25
9 $7,102.25 $870.36 $0.00 $40.16 $8,012.77
10 $8,012.77 $870.36 $0.00 $45.31 $8,928.44
11 $8,928.44 $870.36 $0.00 $50.48 $9,849.28
12 $9,849.28 $870.36 $0.00 $55.69 $10,775.33
13 $10,775.33 $870.36 $0.00 $60.93 $11,706.62
14 $11,706.62 $870.36 $0.00 $66.19 $12,643.17
15 $12,643.17 $870.36 $0.00 $71.49 $13,585.02
16 $13,585.02 $870.36 $0.00 $76.81 $14,532.19
17 $14,532.19 $870.36 $0.00 $82.17 $15,484.72
18 $15,484.72 $870.36 $0.00 $87.55 $16,442.63
19 $16,442.63 $870.36 $0.00 $92.97 $17,405.96
20 $17,405.96 $870.36 $0.00 $98.42 $18,374.74
21 $18,374.74 $870.36 $0.00 $103.89 $19,348.99
22 $19,348.99 $870.36 $0.00 $109.40 $20,328.75
23 $20,328.75 $870.36 $0.00 $114.94 $21,314.05
24 $21,314.05 $870.36 $0.00 $120.51 $22,304.92
25 $22,304.92 $870.36 $0.00 $126.12 $23,301.40
26 $23,301.40 $870.36 $0.00 $131.75 $24,303.51
27 $24,303.51 $870.36 $0.00 $137.42 $25,311.29
28 $25,311.29 $870.36 $0.00 $143.11 $26,324.76
29 $26,324.76 $870.36 $0.00 $148.84 $27,343.96
30 $27,343.96 $870.36 $0.00 $154.61 $28,368.93
31 $28,368.93 $870.36 $0.00 $160.40 $29,399.69
32 $29,399.69 $870.36 $0.00 $166.23 $30,436.28
33 $30,436.28 $870.36 $0.00 $172.09 $31,478.73
34 $31,478.73 $870.36 $0.00 $177.99 $32,527.08
35 $32,527.08 $870.36 $0.00 $183.91 $33,581.35
36 $33,581.35 $870.36 $0.00 $189.87 $34,641.58
37 $34,641.58 $870.36 $0.00 $195.87 $35,707.81
38 $35,707.81 $870.36 $0.00 $201.90 $36,780.07
39 $36,780.07 $870.36 $0.00 $207.96 $37,858.39
40 $37,858.39 $870.36 $0.00 $214.06 $38,942.81
41 $38,942.81 $870.36 $0.00 $220.19 $40,033.36
42 $40,033.36 $870.36 $0.00 $226.35 $41,130.07
43 $41,130.07 $870.36 $0.00 $232.56 $42,232.99
44 $42,232.99 $870.36 $0.00 $238.79 $43,342.14
45 $43,342.14 $870.36 $0.00 $245.06 $44,457.56
46 $44,457.56 $870.36 $0.00 $251.37 $45,579.29
47 $45,579.29 $870.36 $0.00 $257.71 $46,707.36
48 $46,707.36 $870.36 $0.00 $264.09 $47,841.81
49 $47,841.81 $870.36 $0.00 $270.50 $48,982.67
50 $48,982.67 $870.36 $0.00 $276.96 $50,129.99
51 $50,129.99 $870.36 $0.00 $283.44 $51,283.79
52 $51,283.79 $870.36 $0.00 $289.97 $52,444.12
53 $52,444.12 $870.36 $0.00 $296.53 $53,611.01
54 $53,611.01 $870.36 $0.00 $303.12 $54,784.49
55 $54,784.49 $870.36 $0.00 $309.76 $55,964.61
56 $55,964.61 $870.36 $0.00 $316.43 $57,151.40
57 $57,151.40 $870.36 $0.00 $323.14 $58,344.90
58 $58,344.90 $870.36 $0.00 $329.89 $59,545.15
59 $59,545.15 $870.36 $0.00 $336.68 $60,752.19
60 $60,752.19 $870.36 $0.00 $343.50 $61,966.05
61 $61,966.05 $870.36 $0.00 $350.37 $63,186.78
62 $63,186.78 $870.36 $0.00 $357.27 $64,414.41
63 $64,414.41 $870.36 $0.00 $364.21 $65,648.98
64 $65,648.98 $870.36 $0.00 $371.19 $66,890.53
65 $66,890.53 $870.36 $0.00 $378.21 $68,139.10
66 $68,139.10 $870.36 $0.00 $385.27 $69,394.73
67 $69,394.73 $870.36 $0.00 $392.37 $70,657.46
68 $70,657.46 $870.36 $0.00 $399.51 $71,927.33
69 $71,927.33 $870.36 $0.00 $406.69 $73,204.38
70 $73,204.38 $870.36 $0.00 $413.91 $74,488.65
71 $74,488.65 $870.36 $0.00 $421.17 $75,780.18
72 $75,780.18 $870.36 $0.00 $428.47 $77,079.01
73 $77,079.01 $870.36 $0.00 $435.82 $78,385.19
74 $78,385.19 $870.36 $0.00 $443.20 $79,698.75
75 $79,698.75 $870.36 $0.00 $450.63 $81,019.74
76 $81,019.74 $870.36 $0.00 $458.10 $82,348.20
77 $82,348.20 $870.36 $0.00 $465.61 $83,684.17
78 $83,684.17 $870.36 $0.00 $473.16 $85,027.69
79 $85,027.69 $870.36 $0.00 $480.76 $86,378.81
80 $86,378.81 $870.36 $0.00 $488.40 $87,737.57
81 $87,737.57 $870.36 $0.00 $496.08 $89,104.01
82 $89,104.01 $870.36 $0.00 $503.81 $90,478.18
83 $90,478.18 $870.36 $0.00 $511.58 $91,860.12
84 $91,860.12 $870.36 $0.00 $519.39 $93,249.87
85 $93,249.87 $870.36 $0.00 $527.25 $94,647.48
86 $94,647.48 $870.36 $0.00 $535.15 $96,052.99
87 $96,052.99 $870.36 $0.00 $543.10 $97,466.45
88 $97,466.45 $870.36 $0.00 $551.09 $98,887.90
89 $98,887.90 $870.36 $0.00 $559.13 $100,317.39
90 $100,317.39 $870.36 $0.00 $567.21 $101,754.96
91 $101,754.96 $870.36 $0.00 $575.34 $103,200.66
92 $103,200.66 $870.36 $0.00 $583.51 $104,654.53
93 $104,654.53 $870.36 $0.00 $591.73 $106,116.62
94 $106,116.62 $870.36 $0.00 $600.00 $107,586.98
95 $107,586.98 $870.36 $0.00 $608.31 $109,065.65
96 $109,065.65 $870.36 $0.00 $616.67 $110,552.68
97 $110,552.68 $870.36 $0.00 $625.08 $112,048.12
98 $112,048.12 $870.36 $0.00 $633.54 $113,552.02
99 $113,552.02 $870.36 $0.00 $642.04 $115,064.42
100 $115,064.42 $870.36 $0.00 $650.59 $116,585.37
101 $116,585.37 $870.36 $0.00 $659.19 $118,114.92
102 $118,114.92 $870.36 $0.00 $667.84 $119,653.12
103 $119,653.12 $870.36 $0.00 $676.54 $121,200.02
104 $121,200.02 $870.36 $0.00 $685.28 $122,755.66
105 $122,755.66 $870.36 $0.00 $694.08 $124,320.10
106 $124,320.10 $870.36 $0.00 $702.92 $125,893.38
107 $125,893.38 $870.36 $0.00 $711.82 $127,475.56
108 $127,475.56 $870.36 $0.00 $720.77 $129,066.69
109 $129,066.69 $870.36 $0.00 $729.76 $130,666.81
110 $130,666.81 $870.36 $0.00 $738.81 $132,275.98
111 $132,275.98 $870.36 $0.00 $747.91 $133,894.25
112 $133,894.25 $870.36 $0.00 $757.06 $135,521.67
113 $135,521.67 $870.36 $0.00 $766.26 $137,158.29
114 $137,158.29 $870.36 $0.00 $775.51 $138,804.16
115 $138,804.16 $870.36 $0.00 $784.82 $140,459.34
116 $140,459.34 $870.36 $0.00 $794.18 $142,123.88
117 $142,123.88 $870.36 $0.00 $803.59 $143,797.83
118 $143,797.83 $870.36 $0.00 $813.05 $145,481.24
119 $145,481.24 $870.36 $0.00 $822.57 $147,174.17
120 $147,174.17 $870.36 $0.00 $832.14 $148,876.67
121 $148,876.67 $870.36 $0.00 $841.77 $150,588.80
122 $150,588.80 $870.36 $0.00 $851.45 $152,310.61
123 $152,310.61 $870.36 $0.00 $861.19 $154,042.16
124 $154,042.16 $870.36 $0.00 $870.98 $155,783.50
125 $155,783.50 $870.36 $0.00 $880.82 $157,534.68
126 $157,534.68 $870.36 $0.00 $890.72 $159,295.76
127 $159,295.76 $870.36 $0.00 $900.68 $161,066.80
128 $161,066.80 $870.36 $0.00 $910.70 $162,847.86
129 $162,847.86 $870.36 $0.00 $920.77 $164,638.99
130 $164,638.99 $870.36 $0.00 $930.89 $166,440.24
131 $166,440.24 $870.36 $0.00 $941.08 $168,251.68
132 $168,251.68 $870.36 $0.00 $951.32 $170,073.36
133 $170,073.36 $870.36 $0.00 $961.62 $171,905.34
134 $171,905.34 $870.36 $0.00 $971.98 $173,747.68
135 $173,747.68 $870.36 $0.00 $982.39 $175,600.43
136 $175,600.43 $870.36 $0.00 $992.87 $177,463.66
137 $177,463.66 $870.36 $0.00 $1,003.41 $179,337.43
138 $179,337.43 $870.36 $0.00 $1,014.00 $181,221.79
139 $181,221.79 $870.36 $0.00 $1,024.65 $183,116.80
140 $183,116.80 $870.36 $0.00 $1,035.37 $185,022.53
141 $185,022.53 $870.36 $0.00 $1,046.14 $186,939.03
142 $186,939.03 $870.36 $0.00 $1,056.98 $188,866.37
143 $188,866.37 $870.36 $0.00 $1,067.88 $190,804.61
144 $190,804.61 $870.36 $0.00 $1,078.84 $192,753.81
145 $192,753.81 $870.36 $0.00 $1,089.86 $194,714.03
146 $194,714.03 $870.36 $0.00 $1,100.94 $196,685.33
147 $196,685.33 $870.36 $0.00 $1,112.09 $198,667.78
148 $198,667.78 $870.36 $0.00 $1,123.30 $200,661.44
149 $200,661.44 $870.36 $0.00 $1,134.57 $202,666.37
150 $202,666.37 $870.36 $0.00 $1,145.91 $204,682.64
151 $204,682.64 $870.36 $0.00 $1,157.31 $206,710.31
152 $206,710.31 $870.36 $0.00 $1,168.77 $208,749.44
153 $208,749.44 $870.36 $0.00 $1,180.30 $210,800.10
154 $210,800.10 $870.36 $0.00 $1,191.89 $212,862.35
155 $212,862.35 $870.36 $0.00 $1,203.55 $214,936.26
156 $214,936.26 $870.36 $0.00 $1,215.28 $217,021.90
157 $217,021.90 $870.36 $0.00 $1,227.07 $219,119.33
158 $219,119.33 $870.36 $0.00 $1,238.93 $221,228.62
159 $221,228.62 $870.36 $0.00 $1,250.86 $223,349.84
160 $223,349.84 $870.36 $0.00 $1,262.85 $225,483.05
161 $225,483.05 $870.36 $0.00 $1,274.91 $227,628.32
162 $227,628.32 $870.36 $0.00 $1,287.04 $229,785.72
163 $229,785.72 $870.36 $0.00 $1,299.24 $231,955.32
164 $231,955.32 $870.36 $0.00 $1,311.51 $234,137.19
165 $234,137.19 $870.36 $0.00 $1,323.85 $236,331.40
166 $236,331.40 $870.36 $0.00 $1,336.25 $238,538.01
167 $238,538.01 $870.36 $0.00 $1,348.73 $240,757.10
168 $240,757.10 $870.36 $0.00 $1,361.28 $242,988.74
169 $242,988.74 $870.36 $0.00 $1,373.89 $245,232.99
170 $245,232.99 $870.36 $0.00 $1,386.58 $247,489.93
171 $247,489.93 $870.36 $0.00 $1,399.34 $249,759.63
172 $249,759.63 $870.36 $0.00 $1,412.18 $252,042.17
173 $252,042.17 $870.36 $0.00 $1,425.08 $254,337.61
174 $254,337.61 $870.36 $0.00 $1,438.06 $256,646.03
175 $256,646.03 $870.36 $0.00 $1,451.11 $258,967.50
176 $258,967.50 $870.36 $0.00 $1,464.24 $261,302.10
177 $261,302.10 $870.36 $0.00 $1,477.44 $263,649.90
178 $263,649.90 $870.36 $0.00 $1,490.71 $266,010.97
179 $266,010.97 $870.36 $0.00 $1,504.06 $268,385.39
180 $268,385.39 $870.36 $0.00 $1,517.49 $270,773.24
181 $270,773.24 $870.36 $0.00 $1,530.99 $273,174.59
182 $273,174.59 $870.36 $0.00 $1,544.57 $275,589.52
183 $275,589.52 $870.36 $0.00 $1,558.22 $278,018.10
184 $278,018.10 $870.36 $0.00 $1,571.95 $280,460.41
185 $280,460.41 $870.36 $0.00 $1,585.76 $282,916.53
186 $282,916.53 $870.36 $0.00 $1,599.65 $285,386.54
187 $285,386.54 $870.36 $0.00 $1,613.62 $287,870.52
188 $287,870.52 $870.36 $0.00 $1,627.66 $290,368.54
189 $290,368.54 $870.36 $0.00 $1,641.79 $292,880.69
190 $292,880.69 $870.36 $0.00 $1,655.99 $295,407.04
191 $295,407.04 $870.36 $0.00 $1,670.27 $297,947.67
192 $297,947.67 $870.36 $0.00 $1,684.64 $300,502.67
193 $300,502.67 $870.36 $0.00 $1,699.09 $303,072.12
194 $303,072.12 $870.36 $0.00 $1,713.61 $305,656.09
195 $305,656.09 $870.36 $0.00 $1,728.22 $308,254.67
196 $308,254.67 $870.36 $0.00 $1,742.92 $310,867.95
197 $310,867.95 $870.36 $0.00 $1,757.69 $313,496.00
198 $313,496.00 $870.36 $0.00 $1,772.55 $316,138.91
199 $316,138.91 $870.36 $0.00 $1,787.50 $318,796.77
200 $318,796.77 $870.36 $0.00 $1,802.52 $321,469.65
201 $321,469.65 $870.36 $0.00 $1,817.64 $324,157.65
202 $324,157.65 $870.36 $0.00 $1,832.83 $326,860.84
203 $326,860.84 $870.36 $0.00 $1,848.12 $329,579.32
204 $329,579.32 $870.36 $0.00 $1,863.49 $332,313.17
205 $332,313.17 $870.36 $0.00 $1,878.95 $335,062.48
206 $335,062.48 $870.36 $0.00 $1,894.49 $337,827.33
207 $337,827.33 $870.36 $0.00 $1,910.12 $340,607.81
208 $340,607.81 $870.36 $0.00 $1,925.85 $343,404.02
209 $343,404.02 $870.36 $0.00 $1,941.66 $346,216.04
210 $346,216.04 $870.36 $0.00 $1,957.56 $349,043.96
211 $349,043.96 $870.36 $0.00 $1,973.55 $351,887.87
212 $351,887.87 $870.36 $0.00 $1,989.63 $354,747.86
213 $354,747.86 $870.36 $0.00 $2,005.80 $357,624.02
214 $357,624.02 $870.36 $0.00 $2,022.06 $360,516.44
215 $360,516.44 $870.36 $0.00 $2,038.41 $363,425.21
216 $363,425.21 $870.36 $0.00 $2,054.86 $366,350.43
217 $366,350.43 $870.36 $102,040.66 $2,071.40 $267,251.53
218 $267,251.53 $870.36 $0.00 $1,511.08 $269,632.97
219 $269,632.97 $870.36 $0.00 $1,524.54 $272,027.87
220 $272,027.87 $870.36 $0.00 $1,538.09 $274,436.32
221 $274,436.32 $870.36 $0.00 $1,551.70 $276,858.38
222 $276,858.38 $870.36 $0.00 $1,565.40 $279,294.14
223 $279,294.14 $870.36 $0.00 $1,579.17 $281,743.67
224 $281,743.67 $870.36 $0.00 $1,593.02 $284,207.05
225 $284,207.05 $870.36 $0.00 $1,606.95 $286,684.36
226 $286,684.36 $870.36 $0.00 $1,620.96 $289,175.68
227 $289,175.68 $870.36 $0.00 $1,635.04 $291,681.08
228 $291,681.08 $870.36 $0.00 $1,649.21 $294,200.65
229 $294,200.65 $870.36 $107,142.69 $1,663.45 $189,591.77
230 $189,591.77 $870.36 $0.00 $1,071.98 $191,534.11
231 $191,534.11 $870.36 $0.00 $1,082.96 $193,487.43
232 $193,487.43 $870.36 $0.00 $1,094.01 $195,451.80
233 $195,451.80 $870.36 $0.00 $1,105.11 $197,427.27
234 $197,427.27 $870.36 $0.00 $1,116.28 $199,413.91
235 $199,413.91 $870.36 $0.00 $1,127.52 $201,411.79
236 $201,411.79 $870.36 $0.00 $1,138.81 $203,420.96
237 $203,420.96 $870.36 $0.00 $1,150.17 $205,441.49
238 $205,441.49 $870.36 $0.00 $1,161.60 $207,473.45
239 $207,473.45 $870.36 $0.00 $1,173.09 $209,516.90
240 $209,516.90 $870.36 $0.00 $1,184.64 $211,571.90
241 $211,571.90 $870.36 $112,499.82 $1,196.26 $101,138.70
242 $101,138.70 $870.36 $0.00 $571.85 $102,580.91
243 $102,580.91 $870.36 $0.00 $580.01 $104,031.28
244 $104,031.28 $870.36 $0.00 $588.21 $105,489.85
245 $105,489.85 $870.36 $0.00 $596.45 $106,956.66
246 $106,956.66 $870.36 $0.00 $604.75 $108,431.77
247 $108,431.77 $870.36 $0.00 $613.09 $109,915.22
248 $109,915.22 $870.36 $0.00 $621.48 $111,407.06
249 $111,407.06 $870.36 $0.00 $629.91 $112,907.33
250 $112,907.33 $870.36 $0.00 $638.39 $114,416.08
251 $114,416.08 $870.36 $0.00 $646.93 $115,933.37
252 $115,933.37 $870.36 $0.00 $655.50 $117,459.23
253 $117,459.23 $0.00 $118,124.81 $664.13 ($1.45)