Savings Plan and Future Cost Estimation for Southwestern Christian University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$131,369
Monthly savings required$1,038

How much will it cost to send your child to Southwestern Christian University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $525,474.84 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,038.23 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$35,016.00
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 $1,038.23 $0.00 $0.00 $1,038.23
2 $1,038.23 $1,038.23 $0.00 $5.87 $2,082.33
3 $2,082.33 $1,038.23 $0.00 $11.77 $3,132.33
4 $3,132.33 $1,038.23 $0.00 $17.71 $4,188.27
5 $4,188.27 $1,038.23 $0.00 $23.68 $5,250.18
6 $5,250.18 $1,038.23 $0.00 $29.69 $6,318.10
7 $6,318.10 $1,038.23 $0.00 $35.72 $7,392.05
8 $7,392.05 $1,038.23 $0.00 $41.80 $8,472.08
9 $8,472.08 $1,038.23 $0.00 $47.90 $9,558.21
10 $9,558.21 $1,038.23 $0.00 $54.04 $10,650.48
11 $10,650.48 $1,038.23 $0.00 $60.22 $11,748.93
12 $11,748.93 $1,038.23 $0.00 $66.43 $12,853.59
13 $12,853.59 $1,038.23 $0.00 $72.68 $13,964.50
14 $13,964.50 $1,038.23 $0.00 $78.96 $15,081.69
15 $15,081.69 $1,038.23 $0.00 $85.27 $16,205.19
16 $16,205.19 $1,038.23 $0.00 $91.63 $17,335.05
17 $17,335.05 $1,038.23 $0.00 $98.01 $18,471.29
18 $18,471.29 $1,038.23 $0.00 $104.44 $19,613.96
19 $19,613.96 $1,038.23 $0.00 $110.90 $20,763.09
20 $20,763.09 $1,038.23 $0.00 $117.40 $21,918.72
21 $21,918.72 $1,038.23 $0.00 $123.93 $23,080.88
22 $23,080.88 $1,038.23 $0.00 $130.50 $24,249.61
23 $24,249.61 $1,038.23 $0.00 $137.11 $25,424.95
24 $25,424.95 $1,038.23 $0.00 $143.76 $26,606.94
25 $26,606.94 $1,038.23 $0.00 $150.44 $27,795.61
26 $27,795.61 $1,038.23 $0.00 $157.16 $28,991.00
27 $28,991.00 $1,038.23 $0.00 $163.92 $30,193.15
28 $30,193.15 $1,038.23 $0.00 $170.72 $31,402.10
29 $31,402.10 $1,038.23 $0.00 $177.55 $32,617.88
30 $32,617.88 $1,038.23 $0.00 $184.43 $33,840.54
31 $33,840.54 $1,038.23 $0.00 $191.34 $35,070.11
32 $35,070.11 $1,038.23 $0.00 $198.29 $36,306.63
33 $36,306.63 $1,038.23 $0.00 $205.28 $37,550.14
34 $37,550.14 $1,038.23 $0.00 $212.31 $38,800.68
35 $38,800.68 $1,038.23 $0.00 $219.38 $40,058.29
36 $40,058.29 $1,038.23 $0.00 $226.50 $41,323.02
37 $41,323.02 $1,038.23 $0.00 $233.65 $42,594.90
38 $42,594.90 $1,038.23 $0.00 $240.84 $43,873.97
39 $43,873.97 $1,038.23 $0.00 $248.07 $45,160.27
40 $45,160.27 $1,038.23 $0.00 $255.34 $46,453.84
41 $46,453.84 $1,038.23 $0.00 $262.66 $47,754.73
42 $47,754.73 $1,038.23 $0.00 $270.01 $49,062.97
43 $49,062.97 $1,038.23 $0.00 $277.41 $50,378.61
44 $50,378.61 $1,038.23 $0.00 $284.85 $51,701.69
45 $51,701.69 $1,038.23 $0.00 $292.33 $53,032.25
46 $53,032.25 $1,038.23 $0.00 $299.85 $54,370.33
47 $54,370.33 $1,038.23 $0.00 $307.42 $55,715.98
48 $55,715.98 $1,038.23 $0.00 $315.03 $57,069.24
49 $57,069.24 $1,038.23 $0.00 $322.68 $58,430.15
50 $58,430.15 $1,038.23 $0.00 $330.37 $59,798.75
51 $59,798.75 $1,038.23 $0.00 $338.11 $61,175.09
52 $61,175.09 $1,038.23 $0.00 $345.89 $62,559.21
53 $62,559.21 $1,038.23 $0.00 $353.72 $63,951.16
54 $63,951.16 $1,038.23 $0.00 $361.59 $65,350.98
55 $65,350.98 $1,038.23 $0.00 $369.50 $66,758.71
56 $66,758.71 $1,038.23 $0.00 $377.46 $68,174.40
57 $68,174.40 $1,038.23 $0.00 $385.47 $69,598.10
58 $69,598.10 $1,038.23 $0.00 $393.52 $71,029.85
59 $71,029.85 $1,038.23 $0.00 $401.61 $72,469.69
60 $72,469.69 $1,038.23 $0.00 $409.75 $73,917.67
61 $73,917.67 $1,038.23 $0.00 $417.94 $75,373.84
62 $75,373.84 $1,038.23 $0.00 $426.17 $76,838.24
63 $76,838.24 $1,038.23 $0.00 $434.45 $78,310.92
64 $78,310.92 $1,038.23 $0.00 $442.78 $79,791.93
65 $79,791.93 $1,038.23 $0.00 $451.16 $81,281.32
66 $81,281.32 $1,038.23 $0.00 $459.58 $82,779.13
67 $82,779.13 $1,038.23 $0.00 $468.05 $84,285.41
68 $84,285.41 $1,038.23 $0.00 $476.56 $85,800.20
69 $85,800.20 $1,038.23 $0.00 $485.13 $87,323.56
70 $87,323.56 $1,038.23 $0.00 $493.74 $88,855.53
71 $88,855.53 $1,038.23 $0.00 $502.40 $90,396.16
72 $90,396.16 $1,038.23 $0.00 $511.11 $91,945.50
73 $91,945.50 $1,038.23 $0.00 $519.87 $93,503.60
74 $93,503.60 $1,038.23 $0.00 $528.68 $95,070.51
75 $95,070.51 $1,038.23 $0.00 $537.54 $96,646.28
76 $96,646.28 $1,038.23 $0.00 $546.45 $98,230.96
77 $98,230.96 $1,038.23 $0.00 $555.41 $99,824.60
78 $99,824.60 $1,038.23 $0.00 $564.42 $101,427.25
79 $101,427.25 $1,038.23 $0.00 $573.48 $103,038.96
80 $103,038.96 $1,038.23 $0.00 $582.60 $104,659.79
81 $104,659.79 $1,038.23 $0.00 $591.76 $106,289.78
82 $106,289.78 $1,038.23 $0.00 $600.98 $107,928.99
83 $107,928.99 $1,038.23 $0.00 $610.25 $109,577.47
84 $109,577.47 $1,038.23 $0.00 $619.57 $111,235.27
85 $111,235.27 $1,038.23 $0.00 $628.94 $112,902.44
86 $112,902.44 $1,038.23 $0.00 $638.37 $114,579.04
87 $114,579.04 $1,038.23 $0.00 $647.85 $116,265.12
88 $116,265.12 $1,038.23 $0.00 $657.38 $117,960.73
89 $117,960.73 $1,038.23 $0.00 $666.97 $119,665.93
90 $119,665.93 $1,038.23 $0.00 $676.61 $121,380.77
91 $121,380.77 $1,038.23 $0.00 $686.30 $123,105.30
92 $123,105.30 $1,038.23 $0.00 $696.06 $124,839.59
93 $124,839.59 $1,038.23 $0.00 $705.86 $126,583.68
94 $126,583.68 $1,038.23 $0.00 $715.72 $128,337.63
95 $128,337.63 $1,038.23 $0.00 $725.64 $130,101.50
96 $130,101.50 $1,038.23 $0.00 $735.61 $131,875.34
97 $131,875.34 $1,038.23 $0.00 $745.64 $133,659.21
98 $133,659.21 $1,038.23 $0.00 $755.73 $135,453.17
99 $135,453.17 $1,038.23 $0.00 $765.87 $137,257.27
100 $137,257.27 $1,038.23 $0.00 $776.07 $139,071.57
101 $139,071.57 $1,038.23 $0.00 $786.33 $140,896.13
102 $140,896.13 $1,038.23 $0.00 $796.65 $142,731.01
103 $142,731.01 $1,038.23 $0.00 $807.02 $144,576.26
104 $144,576.26 $1,038.23 $0.00 $817.46 $146,431.95
105 $146,431.95 $1,038.23 $0.00 $827.95 $148,298.13
106 $148,298.13 $1,038.23 $0.00 $838.50 $150,174.86
107 $150,174.86 $1,038.23 $0.00 $849.11 $152,062.20
108 $152,062.20 $1,038.23 $0.00 $859.78 $153,960.21
109 $153,960.21 $1,038.23 $0.00 $870.51 $155,868.95
110 $155,868.95 $1,038.23 $0.00 $881.31 $157,788.49
111 $157,788.49 $1,038.23 $0.00 $892.16 $159,718.88
112 $159,718.88 $1,038.23 $0.00 $903.07 $161,660.18
113 $161,660.18 $1,038.23 $0.00 $914.05 $163,612.46
114 $163,612.46 $1,038.23 $0.00 $925.09 $165,575.78
115 $165,575.78 $1,038.23 $0.00 $936.19 $167,550.20
116 $167,550.20 $1,038.23 $0.00 $947.35 $169,535.78
117 $169,535.78 $1,038.23 $0.00 $958.58 $171,532.59
118 $171,532.59 $1,038.23 $0.00 $969.87 $173,540.69
119 $173,540.69 $1,038.23 $0.00 $981.22 $175,560.14
120 $175,560.14 $1,038.23 $0.00 $992.64 $177,591.01
121 $177,591.01 $1,038.23 $0.00 $1,004.13 $179,633.37
122 $179,633.37 $1,038.23 $0.00 $1,015.67 $181,687.27
123 $181,687.27 $1,038.23 $0.00 $1,027.29 $183,752.79
124 $183,752.79 $1,038.23 $0.00 $1,038.96 $185,829.98
125 $185,829.98 $1,038.23 $0.00 $1,050.71 $187,918.92
126 $187,918.92 $1,038.23 $0.00 $1,062.52 $190,019.67
127 $190,019.67 $1,038.23 $0.00 $1,074.40 $192,132.30
128 $192,132.30 $1,038.23 $0.00 $1,086.34 $194,256.87
129 $194,256.87 $1,038.23 $0.00 $1,098.36 $196,393.46
130 $196,393.46 $1,038.23 $0.00 $1,110.44 $198,542.13
131 $198,542.13 $1,038.23 $0.00 $1,122.59 $200,702.95
132 $200,702.95 $1,038.23 $0.00 $1,134.80 $202,875.98
133 $202,875.98 $1,038.23 $0.00 $1,147.09 $205,061.30
134 $205,061.30 $1,038.23 $0.00 $1,159.45 $207,258.98
135 $207,258.98 $1,038.23 $0.00 $1,171.87 $209,469.08
136 $209,469.08 $1,038.23 $0.00 $1,184.37 $211,691.68
137 $211,691.68 $1,038.23 $0.00 $1,196.94 $213,926.85
138 $213,926.85 $1,038.23 $0.00 $1,209.57 $216,174.65
139 $216,174.65 $1,038.23 $0.00 $1,222.28 $218,435.16
140 $218,435.16 $1,038.23 $0.00 $1,235.06 $220,708.45
141 $220,708.45 $1,038.23 $0.00 $1,247.92 $222,994.60
142 $222,994.60 $1,038.23 $0.00 $1,260.84 $225,293.67
143 $225,293.67 $1,038.23 $0.00 $1,273.84 $227,605.74
144 $227,605.74 $1,038.23 $0.00 $1,286.92 $229,930.89
145 $229,930.89 $1,038.23 $0.00 $1,300.06 $232,269.18
146 $232,269.18 $1,038.23 $0.00 $1,313.28 $234,620.69
147 $234,620.69 $1,038.23 $0.00 $1,326.58 $236,985.50
148 $236,985.50 $1,038.23 $0.00 $1,339.95 $239,363.68
149 $239,363.68 $1,038.23 $0.00 $1,353.40 $241,755.31
150 $241,755.31 $1,038.23 $0.00 $1,366.92 $244,160.46
151 $244,160.46 $1,038.23 $0.00 $1,380.52 $246,579.21
152 $246,579.21 $1,038.23 $0.00 $1,394.19 $249,011.63
153 $249,011.63 $1,038.23 $0.00 $1,407.95 $251,457.81
154 $251,457.81 $1,038.23 $0.00 $1,421.78 $253,917.82
155 $253,917.82 $1,038.23 $0.00 $1,435.69 $256,391.74
156 $256,391.74 $1,038.23 $0.00 $1,449.68 $258,879.65
157 $258,879.65 $1,038.23 $0.00 $1,463.74 $261,381.62
158 $261,381.62 $1,038.23 $0.00 $1,477.89 $263,897.74
159 $263,897.74 $1,038.23 $0.00 $1,492.12 $266,428.09
160 $266,428.09 $1,038.23 $0.00 $1,506.42 $268,972.74
161 $268,972.74 $1,038.23 $0.00 $1,520.81 $271,531.78
162 $271,531.78 $1,038.23 $0.00 $1,535.28 $274,105.29
163 $274,105.29 $1,038.23 $0.00 $1,549.83 $276,693.35
164 $276,693.35 $1,038.23 $0.00 $1,564.46 $279,296.04
165 $279,296.04 $1,038.23 $0.00 $1,579.18 $281,913.45
166 $281,913.45 $1,038.23 $0.00 $1,593.98 $284,545.66
167 $284,545.66 $1,038.23 $0.00 $1,608.86 $287,192.75
168 $287,192.75 $1,038.23 $0.00 $1,623.83 $289,854.81
169 $289,854.81 $1,038.23 $0.00 $1,638.88 $292,531.92
170 $292,531.92 $1,038.23 $0.00 $1,654.02 $295,224.17
171 $295,224.17 $1,038.23 $0.00 $1,669.24 $297,931.64
172 $297,931.64 $1,038.23 $0.00 $1,684.55 $300,654.42
173 $300,654.42 $1,038.23 $0.00 $1,699.94 $303,392.59
174 $303,392.59 $1,038.23 $0.00 $1,715.43 $306,146.25
175 $306,146.25 $1,038.23 $0.00 $1,731.00 $308,915.48
176 $308,915.48 $1,038.23 $0.00 $1,746.65 $311,700.36
177 $311,700.36 $1,038.23 $0.00 $1,762.40 $314,500.99
178 $314,500.99 $1,038.23 $0.00 $1,778.23 $317,317.45
179 $317,317.45 $1,038.23 $0.00 $1,794.16 $320,149.84
180 $320,149.84 $1,038.23 $0.00 $1,810.17 $322,998.24
181 $322,998.24 $1,038.23 $0.00 $1,826.28 $325,862.75
182 $325,862.75 $1,038.23 $0.00 $1,842.48 $328,743.46
183 $328,743.46 $1,038.23 $0.00 $1,858.76 $331,640.45
184 $331,640.45 $1,038.23 $0.00 $1,875.14 $334,553.82
185 $334,553.82 $1,038.23 $0.00 $1,891.62 $337,483.67
186 $337,483.67 $1,038.23 $0.00 $1,908.18 $340,430.08
187 $340,430.08 $1,038.23 $0.00 $1,924.84 $343,393.15
188 $343,393.15 $1,038.23 $0.00 $1,941.59 $346,372.97
189 $346,372.97 $1,038.23 $0.00 $1,958.44 $349,369.64
190 $349,369.64 $1,038.23 $0.00 $1,975.39 $352,383.26
191 $352,383.26 $1,038.23 $0.00 $1,992.43 $355,413.92
192 $355,413.92 $1,038.23 $0.00 $2,009.56 $358,461.71
193 $358,461.71 $1,038.23 $0.00 $2,026.79 $361,526.73
194 $361,526.73 $1,038.23 $0.00 $2,044.12 $364,609.08
195 $364,609.08 $1,038.23 $0.00 $2,061.55 $367,708.86
196 $367,708.86 $1,038.23 $0.00 $2,079.08 $370,826.17
197 $370,826.17 $1,038.23 $0.00 $2,096.71 $373,961.11
198 $373,961.11 $1,038.23 $0.00 $2,114.43 $377,113.77
199 $377,113.77 $1,038.23 $0.00 $2,132.26 $380,284.26
200 $380,284.26 $1,038.23 $0.00 $2,150.18 $383,472.67
201 $383,472.67 $1,038.23 $0.00 $2,168.21 $386,679.11
202 $386,679.11 $1,038.23 $0.00 $2,186.34 $389,903.68
203 $389,903.68 $1,038.23 $0.00 $2,204.57 $393,146.48
204 $393,146.48 $1,038.23 $0.00 $2,222.91 $396,407.62
205 $396,407.62 $1,038.23 $0.00 $2,241.35 $399,687.20
206 $399,687.20 $1,038.23 $0.00 $2,259.89 $402,985.32
207 $402,985.32 $1,038.23 $0.00 $2,278.54 $406,302.09
208 $406,302.09 $1,038.23 $0.00 $2,297.29 $409,637.61
209 $409,637.61 $1,038.23 $0.00 $2,316.15 $412,991.99
210 $412,991.99 $1,038.23 $0.00 $2,335.12 $416,365.34
211 $416,365.34 $1,038.23 $0.00 $2,354.19 $419,757.76
212 $419,757.76 $1,038.23 $0.00 $2,373.37 $423,169.36
213 $423,169.36 $1,038.23 $0.00 $2,392.66 $426,600.25
214 $426,600.25 $1,038.23 $0.00 $2,412.06 $430,050.54
215 $430,050.54 $1,038.23 $0.00 $2,431.57 $433,520.34
216 $433,520.34 $1,038.23 $0.00 $2,451.19 $437,009.76
217 $437,009.76 $1,038.23 $118,351.71 $2,470.92 $322,167.20
218 $322,167.20 $1,038.23 $0.00 $1,821.58 $325,027.01
219 $325,027.01 $1,038.23 $0.00 $1,837.75 $327,902.99
220 $327,902.99 $1,038.23 $0.00 $1,854.01 $330,795.23
221 $330,795.23 $1,038.23 $0.00 $1,870.36 $333,703.82
222 $333,703.82 $1,038.23 $0.00 $1,886.81 $336,628.86
223 $336,628.86 $1,038.23 $0.00 $1,903.35 $339,570.44
224 $339,570.44 $1,038.23 $0.00 $1,919.98 $342,528.65
225 $342,528.65 $1,038.23 $0.00 $1,936.71 $345,503.59
226 $345,503.59 $1,038.23 $0.00 $1,953.53 $348,495.35
227 $348,495.35 $1,038.23 $0.00 $1,970.44 $351,504.02
228 $351,504.02 $1,038.23 $0.00 $1,987.45 $354,529.70
229 $354,529.70 $1,038.23 $126,636.33 $2,004.56 $230,936.16
230 $230,936.16 $1,038.23 $0.00 $1,305.75 $233,280.14
231 $233,280.14 $1,038.23 $0.00 $1,319.00 $235,637.37
232 $235,637.37 $1,038.23 $0.00 $1,332.33 $238,007.93
233 $238,007.93 $1,038.23 $0.00 $1,345.73 $240,391.89
234 $240,391.89 $1,038.23 $0.00 $1,359.21 $242,789.33
235 $242,789.33 $1,038.23 $0.00 $1,372.77 $245,200.33
236 $245,200.33 $1,038.23 $0.00 $1,386.40 $247,624.96
237 $247,624.96 $1,038.23 $0.00 $1,400.11 $250,063.30
238 $250,063.30 $1,038.23 $0.00 $1,413.89 $252,515.42
239 $252,515.42 $1,038.23 $0.00 $1,427.76 $254,981.41
240 $254,981.41 $1,038.23 $0.00 $1,441.70 $257,461.34
241 $257,461.34 $1,038.23 $135,500.87 $1,455.72 $124,454.42
242 $124,454.42 $1,038.23 $0.00 $703.68 $126,196.33
243 $126,196.33 $1,038.23 $0.00 $713.53 $127,948.09
244 $127,948.09 $1,038.23 $0.00 $723.44 $129,709.76
245 $129,709.76 $1,038.23 $0.00 $733.40 $131,481.39
246 $131,481.39 $1,038.23 $0.00 $743.41 $133,263.03
247 $133,263.03 $1,038.23 $0.00 $753.49 $135,054.75
248 $135,054.75 $1,038.23 $0.00 $763.62 $136,856.60
249 $136,856.60 $1,038.23 $0.00 $773.81 $138,668.64
250 $138,668.64 $1,038.23 $0.00 $784.05 $140,490.92
251 $140,490.92 $1,038.23 $0.00 $794.36 $142,323.51
252 $142,323.51 $1,038.23 $0.00 $804.72 $144,166.46
253 $144,166.46 $0.00 $144,985.93 $815.14 -$4.33