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 2042$155,139
Monthly savings required$1,226

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 $620,557.33 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,226.11 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$41,352.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,226.11 $0.00 $0.00 $1,226.11
2 $1,226.11 $1,226.11 $0.00 $6.93 $2,459.15
3 $2,459.15 $1,226.11 $0.00 $13.90 $3,699.16
4 $3,699.16 $1,226.11 $0.00 $20.92 $4,946.19
5 $4,946.19 $1,226.11 $0.00 $27.97 $6,200.27
6 $6,200.27 $1,226.11 $0.00 $35.06 $7,461.44
7 $7,461.44 $1,226.11 $0.00 $42.19 $8,729.74
8 $8,729.74 $1,226.11 $0.00 $49.36 $10,005.21
9 $10,005.21 $1,226.11 $0.00 $56.57 $11,287.89
10 $11,287.89 $1,226.11 $0.00 $63.82 $12,577.82
11 $12,577.82 $1,226.11 $0.00 $71.12 $13,875.05
12 $13,875.05 $1,226.11 $0.00 $78.45 $15,179.61
13 $15,179.61 $1,226.11 $0.00 $85.83 $16,491.55
14 $16,491.55 $1,226.11 $0.00 $93.25 $17,810.91
15 $17,810.91 $1,226.11 $0.00 $100.71 $19,137.73
16 $19,137.73 $1,226.11 $0.00 $108.21 $20,472.05
17 $20,472.05 $1,226.11 $0.00 $115.75 $21,813.91
18 $21,813.91 $1,226.11 $0.00 $123.34 $23,163.36
19 $23,163.36 $1,226.11 $0.00 $130.97 $24,520.44
20 $24,520.44 $1,226.11 $0.00 $138.64 $25,885.19
21 $25,885.19 $1,226.11 $0.00 $146.36 $27,257.66
22 $27,257.66 $1,226.11 $0.00 $154.12 $28,637.89
23 $28,637.89 $1,226.11 $0.00 $161.92 $30,025.92
24 $30,025.92 $1,226.11 $0.00 $169.77 $31,421.80
25 $31,421.80 $1,226.11 $0.00 $177.66 $32,825.57
26 $32,825.57 $1,226.11 $0.00 $185.60 $34,237.28
27 $34,237.28 $1,226.11 $0.00 $193.58 $35,656.97
28 $35,656.97 $1,226.11 $0.00 $201.61 $37,084.69
29 $37,084.69 $1,226.11 $0.00 $209.68 $38,520.48
30 $38,520.48 $1,226.11 $0.00 $217.80 $39,964.39
31 $39,964.39 $1,226.11 $0.00 $225.96 $41,416.46
32 $41,416.46 $1,226.11 $0.00 $234.17 $42,876.74
33 $42,876.74 $1,226.11 $0.00 $242.43 $44,345.28
34 $44,345.28 $1,226.11 $0.00 $250.73 $45,822.12
35 $45,822.12 $1,226.11 $0.00 $259.08 $47,307.31
36 $47,307.31 $1,226.11 $0.00 $267.48 $48,800.90
37 $48,800.90 $1,226.11 $0.00 $275.93 $50,302.94
38 $50,302.94 $1,226.11 $0.00 $284.42 $51,813.47
39 $51,813.47 $1,226.11 $0.00 $292.96 $53,332.54
40 $53,332.54 $1,226.11 $0.00 $301.55 $54,860.20
41 $54,860.20 $1,226.11 $0.00 $310.19 $56,396.50
42 $56,396.50 $1,226.11 $0.00 $318.87 $57,941.48
43 $57,941.48 $1,226.11 $0.00 $327.61 $59,495.20
44 $59,495.20 $1,226.11 $0.00 $336.39 $61,057.70
45 $61,057.70 $1,226.11 $0.00 $345.23 $62,629.04
46 $62,629.04 $1,226.11 $0.00 $354.11 $64,209.26
47 $64,209.26 $1,226.11 $0.00 $363.05 $65,798.42
48 $65,798.42 $1,226.11 $0.00 $372.03 $67,396.56
49 $67,396.56 $1,226.11 $0.00 $381.07 $69,003.74
50 $69,003.74 $1,226.11 $0.00 $390.16 $70,620.01
51 $70,620.01 $1,226.11 $0.00 $399.30 $72,245.42
52 $72,245.42 $1,226.11 $0.00 $408.49 $73,880.02
53 $73,880.02 $1,226.11 $0.00 $417.73 $75,523.86
54 $75,523.86 $1,226.11 $0.00 $427.02 $77,176.99
55 $77,176.99 $1,226.11 $0.00 $436.37 $78,839.47
56 $78,839.47 $1,226.11 $0.00 $445.77 $80,511.35
57 $80,511.35 $1,226.11 $0.00 $455.22 $82,192.68
58 $82,192.68 $1,226.11 $0.00 $464.73 $83,883.52
59 $83,883.52 $1,226.11 $0.00 $474.29 $85,583.92
60 $85,583.92 $1,226.11 $0.00 $483.90 $87,293.93
61 $87,293.93 $1,226.11 $0.00 $493.57 $89,013.61
62 $89,013.61 $1,226.11 $0.00 $503.30 $90,743.02
63 $90,743.02 $1,226.11 $0.00 $513.07 $92,482.20
64 $92,482.20 $1,226.11 $0.00 $522.91 $94,231.22
65 $94,231.22 $1,226.11 $0.00 $532.80 $95,990.13
66 $95,990.13 $1,226.11 $0.00 $542.74 $97,758.98
67 $97,758.98 $1,226.11 $0.00 $552.74 $99,537.83
68 $99,537.83 $1,226.11 $0.00 $562.80 $101,326.74
69 $101,326.74 $1,226.11 $0.00 $572.92 $103,125.77
70 $103,125.77 $1,226.11 $0.00 $583.09 $104,934.97
71 $104,934.97 $1,226.11 $0.00 $593.32 $106,754.40
72 $106,754.40 $1,226.11 $0.00 $603.60 $108,584.11
73 $108,584.11 $1,226.11 $0.00 $613.95 $110,424.17
74 $110,424.17 $1,226.11 $0.00 $624.35 $112,274.63
75 $112,274.63 $1,226.11 $0.00 $634.82 $114,135.56
76 $114,135.56 $1,226.11 $0.00 $645.34 $116,007.01
77 $116,007.01 $1,226.11 $0.00 $655.92 $117,889.04
78 $117,889.04 $1,226.11 $0.00 $666.56 $119,781.71
79 $119,781.71 $1,226.11 $0.00 $677.26 $121,685.08
80 $121,685.08 $1,226.11 $0.00 $688.03 $123,599.22
81 $123,599.22 $1,226.11 $0.00 $698.85 $125,524.18
82 $125,524.18 $1,226.11 $0.00 $709.73 $127,460.02
83 $127,460.02 $1,226.11 $0.00 $720.68 $129,406.81
84 $129,406.81 $1,226.11 $0.00 $731.68 $131,364.60
85 $131,364.60 $1,226.11 $0.00 $742.75 $133,333.46
86 $133,333.46 $1,226.11 $0.00 $753.89 $135,313.46
87 $135,313.46 $1,226.11 $0.00 $765.08 $137,304.65
88 $137,304.65 $1,226.11 $0.00 $776.34 $139,307.10
89 $139,307.10 $1,226.11 $0.00 $787.66 $141,320.87
90 $141,320.87 $1,226.11 $0.00 $799.05 $143,346.03
91 $143,346.03 $1,226.11 $0.00 $810.50 $145,382.64
92 $145,382.64 $1,226.11 $0.00 $822.01 $147,430.76
93 $147,430.76 $1,226.11 $0.00 $833.59 $149,490.46
94 $149,490.46 $1,226.11 $0.00 $845.24 $151,561.81
95 $151,561.81 $1,226.11 $0.00 $856.95 $153,644.87
96 $153,644.87 $1,226.11 $0.00 $868.73 $155,739.71
97 $155,739.71 $1,226.11 $0.00 $880.57 $157,846.39
98 $157,846.39 $1,226.11 $0.00 $892.49 $159,964.99
99 $159,964.99 $1,226.11 $0.00 $904.47 $162,095.57
100 $162,095.57 $1,226.11 $0.00 $916.51 $164,238.19
101 $164,238.19 $1,226.11 $0.00 $928.63 $166,392.93
102 $166,392.93 $1,226.11 $0.00 $940.81 $168,559.85
103 $168,559.85 $1,226.11 $0.00 $953.06 $170,739.02
104 $170,739.02 $1,226.11 $0.00 $965.38 $172,930.51
105 $172,930.51 $1,226.11 $0.00 $977.77 $175,134.39
106 $175,134.39 $1,226.11 $0.00 $990.24 $177,350.74
107 $177,350.74 $1,226.11 $0.00 $1,002.77 $179,579.62
108 $179,579.62 $1,226.11 $0.00 $1,015.37 $181,821.10
109 $181,821.10 $1,226.11 $0.00 $1,028.04 $184,075.25
110 $184,075.25 $1,226.11 $0.00 $1,040.79 $186,342.15
111 $186,342.15 $1,226.11 $0.00 $1,053.61 $188,621.87
112 $188,621.87 $1,226.11 $0.00 $1,066.50 $190,914.48
113 $190,914.48 $1,226.11 $0.00 $1,079.46 $193,220.05
114 $193,220.05 $1,226.11 $0.00 $1,092.49 $195,538.65
115 $195,538.65 $1,226.11 $0.00 $1,105.60 $197,870.36
116 $197,870.36 $1,226.11 $0.00 $1,118.79 $200,215.26
117 $200,215.26 $1,226.11 $0.00 $1,132.05 $202,573.42
118 $202,573.42 $1,226.11 $0.00 $1,145.38 $204,944.91
119 $204,944.91 $1,226.11 $0.00 $1,158.79 $207,329.81
120 $207,329.81 $1,226.11 $0.00 $1,172.27 $209,728.19
121 $209,728.19 $1,226.11 $0.00 $1,185.83 $212,140.13
122 $212,140.13 $1,226.11 $0.00 $1,199.47 $214,565.71
123 $214,565.71 $1,226.11 $0.00 $1,213.19 $217,005.01
124 $217,005.01 $1,226.11 $0.00 $1,226.98 $219,458.10
125 $219,458.10 $1,226.11 $0.00 $1,240.85 $221,925.06
126 $221,925.06 $1,226.11 $0.00 $1,254.80 $224,405.97
127 $224,405.97 $1,226.11 $0.00 $1,268.82 $226,900.90
128 $226,900.90 $1,226.11 $0.00 $1,282.93 $229,409.94
129 $229,409.94 $1,226.11 $0.00 $1,297.12 $231,933.17
130 $231,933.17 $1,226.11 $0.00 $1,311.38 $234,470.66
131 $234,470.66 $1,226.11 $0.00 $1,325.73 $237,022.50
132 $237,022.50 $1,226.11 $0.00 $1,340.16 $239,588.77
133 $239,588.77 $1,226.11 $0.00 $1,354.67 $242,169.55
134 $242,169.55 $1,226.11 $0.00 $1,369.26 $244,764.92
135 $244,764.92 $1,226.11 $0.00 $1,383.94 $247,374.97
136 $247,374.97 $1,226.11 $0.00 $1,398.69 $249,999.77
137 $249,999.77 $1,226.11 $0.00 $1,413.54 $252,639.42
138 $252,639.42 $1,226.11 $0.00 $1,428.46 $255,293.99
139 $255,293.99 $1,226.11 $0.00 $1,443.47 $257,963.57
140 $257,963.57 $1,226.11 $0.00 $1,458.56 $260,648.24
141 $260,648.24 $1,226.11 $0.00 $1,473.74 $263,348.09
142 $263,348.09 $1,226.11 $0.00 $1,489.01 $266,063.21
143 $266,063.21 $1,226.11 $0.00 $1,504.36 $268,793.68
144 $268,793.68 $1,226.11 $0.00 $1,519.80 $271,539.59
145 $271,539.59 $1,226.11 $0.00 $1,535.32 $274,301.02
146 $274,301.02 $1,226.11 $0.00 $1,550.94 $277,078.07
147 $277,078.07 $1,226.11 $0.00 $1,566.64 $279,870.82
148 $279,870.82 $1,226.11 $0.00 $1,582.43 $282,679.36
149 $282,679.36 $1,226.11 $0.00 $1,598.31 $285,503.78
150 $285,503.78 $1,226.11 $0.00 $1,614.28 $288,344.17
151 $288,344.17 $1,226.11 $0.00 $1,630.34 $291,200.62
152 $291,200.62 $1,226.11 $0.00 $1,646.49 $294,073.22
153 $294,073.22 $1,226.11 $0.00 $1,662.73 $296,962.06
154 $296,962.06 $1,226.11 $0.00 $1,679.07 $299,867.24
155 $299,867.24 $1,226.11 $0.00 $1,695.49 $302,788.84
156 $302,788.84 $1,226.11 $0.00 $1,712.01 $305,726.96
157 $305,726.96 $1,226.11 $0.00 $1,728.62 $308,681.69
158 $308,681.69 $1,226.11 $0.00 $1,745.33 $311,653.13
159 $311,653.13 $1,226.11 $0.00 $1,762.13 $314,641.37
160 $314,641.37 $1,226.11 $0.00 $1,779.03 $317,646.51
161 $317,646.51 $1,226.11 $0.00 $1,796.02 $320,668.64
162 $320,668.64 $1,226.11 $0.00 $1,813.11 $323,707.86
163 $323,707.86 $1,226.11 $0.00 $1,830.29 $326,764.26
164 $326,764.26 $1,226.11 $0.00 $1,847.57 $329,837.94
165 $329,837.94 $1,226.11 $0.00 $1,864.95 $332,929.00
166 $332,929.00 $1,226.11 $0.00 $1,882.43 $336,037.54
167 $336,037.54 $1,226.11 $0.00 $1,900.01 $339,163.66
168 $339,163.66 $1,226.11 $0.00 $1,917.68 $342,307.45
169 $342,307.45 $1,226.11 $0.00 $1,935.46 $345,469.02
170 $345,469.02 $1,226.11 $0.00 $1,953.33 $348,648.46
171 $348,648.46 $1,226.11 $0.00 $1,971.31 $351,845.88
172 $351,845.88 $1,226.11 $0.00 $1,989.39 $355,061.38
173 $355,061.38 $1,226.11 $0.00 $2,007.57 $358,295.06
174 $358,295.06 $1,226.11 $0.00 $2,025.85 $361,547.02
175 $361,547.02 $1,226.11 $0.00 $2,044.24 $364,817.37
176 $364,817.37 $1,226.11 $0.00 $2,062.73 $368,106.21
177 $368,106.21 $1,226.11 $0.00 $2,081.33 $371,413.65
178 $371,413.65 $1,226.11 $0.00 $2,100.03 $374,739.79
179 $374,739.79 $1,226.11 $0.00 $2,118.83 $378,084.73
180 $378,084.73 $1,226.11 $0.00 $2,137.75 $381,448.59
181 $381,448.59 $1,226.11 $0.00 $2,156.77 $384,831.47
182 $384,831.47 $1,226.11 $0.00 $2,175.89 $388,233.47
183 $388,233.47 $1,226.11 $0.00 $2,195.13 $391,654.71
184 $391,654.71 $1,226.11 $0.00 $2,214.47 $395,095.29
185 $395,095.29 $1,226.11 $0.00 $2,233.93 $398,555.33
186 $398,555.33 $1,226.11 $0.00 $2,253.49 $402,034.93
187 $402,034.93 $1,226.11 $0.00 $2,273.16 $405,534.20
188 $405,534.20 $1,226.11 $0.00 $2,292.95 $409,053.26
189 $409,053.26 $1,226.11 $0.00 $2,312.85 $412,592.22
190 $412,592.22 $1,226.11 $0.00 $2,332.86 $416,151.19
191 $416,151.19 $1,226.11 $0.00 $2,352.98 $419,730.28
192 $419,730.28 $1,226.11 $0.00 $2,373.22 $423,329.61
193 $423,329.61 $1,226.11 $0.00 $2,393.57 $426,949.29
194 $426,949.29 $1,226.11 $0.00 $2,414.03 $430,589.43
195 $430,589.43 $1,226.11 $0.00 $2,434.62 $434,250.16
196 $434,250.16 $1,226.11 $0.00 $2,455.31 $437,931.58
197 $437,931.58 $1,226.11 $0.00 $2,476.13 $441,633.82
198 $441,633.82 $1,226.11 $0.00 $2,497.06 $445,356.99
199 $445,356.99 $1,226.11 $0.00 $2,518.11 $449,101.21
200 $449,101.21 $1,226.11 $0.00 $2,539.28 $452,866.60
201 $452,866.60 $1,226.11 $0.00 $2,560.57 $456,653.28
202 $456,653.28 $1,226.11 $0.00 $2,581.98 $460,461.37
203 $460,461.37 $1,226.11 $0.00 $2,603.52 $464,291.00
204 $464,291.00 $1,226.11 $0.00 $2,625.17 $468,142.28
205 $468,142.28 $1,226.11 $0.00 $2,646.94 $472,015.33
206 $472,015.33 $1,226.11 $0.00 $2,668.84 $475,910.28
207 $475,910.28 $1,226.11 $0.00 $2,690.87 $479,827.26
208 $479,827.26 $1,226.11 $0.00 $2,713.01 $483,766.38
209 $483,766.38 $1,226.11 $0.00 $2,735.29 $487,727.78
210 $487,727.78 $1,226.11 $0.00 $2,757.68 $491,711.57
211 $491,711.57 $1,226.11 $0.00 $2,780.21 $495,717.89
212 $495,717.89 $1,226.11 $0.00 $2,802.86 $499,746.86
213 $499,746.86 $1,226.11 $0.00 $2,825.64 $503,798.61
214 $503,798.61 $1,226.11 $0.00 $2,848.55 $507,873.27
215 $507,873.27 $1,226.11 $0.00 $2,871.59 $511,970.97
216 $511,970.97 $1,226.11 $0.00 $2,894.76 $516,091.84
217 $516,091.84 $1,226.11 $139,766.96 $2,918.06 $380,469.05
218 $380,469.05 $1,226.11 $0.00 $2,151.23 $383,846.39
219 $383,846.39 $1,226.11 $0.00 $2,170.32 $387,242.82
220 $387,242.82 $1,226.11 $0.00 $2,189.53 $390,658.46
221 $390,658.46 $1,226.11 $0.00 $2,208.84 $394,093.41
222 $394,093.41 $1,226.11 $0.00 $2,228.26 $397,547.78
223 $397,547.78 $1,226.11 $0.00 $2,247.79 $401,021.68
224 $401,021.68 $1,226.11 $0.00 $2,267.43 $404,515.22
225 $404,515.22 $1,226.11 $0.00 $2,287.19 $408,028.52
226 $408,028.52 $1,226.11 $0.00 $2,307.05 $411,561.68
227 $411,561.68 $1,226.11 $0.00 $2,327.03 $415,114.82
228 $415,114.82 $1,226.11 $0.00 $2,347.12 $418,688.05
229 $418,688.05 $1,226.11 $149,550.65 $2,367.32 $272,730.83
230 $272,730.83 $1,226.11 $0.00 $1,542.06 $275,499.00
231 $275,499.00 $1,226.11 $0.00 $1,557.71 $278,282.82
232 $278,282.82 $1,226.11 $0.00 $1,573.45 $281,082.38
233 $281,082.38 $1,226.11 $0.00 $1,589.28 $283,897.77
234 $283,897.77 $1,226.11 $0.00 $1,605.20 $286,729.08
235 $286,729.08 $1,226.11 $0.00 $1,621.21 $289,576.40
236 $289,576.40 $1,226.11 $0.00 $1,637.31 $292,439.82
237 $292,439.82 $1,226.11 $0.00 $1,653.50 $295,319.43
238 $295,319.43 $1,226.11 $0.00 $1,669.78 $298,215.32
239 $298,215.32 $1,226.11 $0.00 $1,686.15 $301,127.58
240 $301,127.58 $1,226.11 $0.00 $1,702.62 $304,056.31
241 $304,056.31 $1,226.11 $160,019.19 $1,719.18 $146,982.41
242 $146,982.41 $1,226.11 $0.00 $831.06 $149,039.58
243 $149,039.58 $1,226.11 $0.00 $842.69 $151,108.38
244 $151,108.38 $1,226.11 $0.00 $854.39 $153,188.88
245 $153,188.88 $1,226.11 $0.00 $866.15 $155,281.14
246 $155,281.14 $1,226.11 $0.00 $877.98 $157,385.23
247 $157,385.23 $1,226.11 $0.00 $889.88 $159,501.22
248 $159,501.22 $1,226.11 $0.00 $901.84 $161,629.17
249 $161,629.17 $1,226.11 $0.00 $913.87 $163,769.15
250 $163,769.15 $1,226.11 $0.00 $925.97 $165,921.23
251 $165,921.23 $1,226.11 $0.00 $938.14 $168,085.48
252 $168,085.48 $1,226.11 $0.00 $950.38 $170,261.97
253 $170,261.97 $0.00 $171,220.54 $962.69 $4.12