Savings Plan and Future Cost Estimation for Willamette University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$180,482
Monthly savings required$1,429

How much will it cost to send your child to Willamette University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $721,928.20 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,428.67 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$69,598.00
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 $1,428.67 $0.00 $0.00 $1,428.67
2 $1,428.67 $1,428.67 $0.00 $8.08 $2,865.42
3 $2,865.42 $1,428.67 $0.00 $16.20 $4,310.29
4 $4,310.29 $1,428.67 $0.00 $24.37 $5,763.33
5 $5,763.33 $1,428.67 $0.00 $32.59 $7,224.59
6 $7,224.59 $1,428.67 $0.00 $40.85 $8,694.11
7 $8,694.11 $1,428.67 $0.00 $49.16 $10,171.94
8 $10,171.94 $1,428.67 $0.00 $57.51 $11,658.12
9 $11,658.12 $1,428.67 $0.00 $65.92 $13,152.71
10 $13,152.71 $1,428.67 $0.00 $74.37 $14,655.75
11 $14,655.75 $1,428.67 $0.00 $82.87 $16,167.29
12 $16,167.29 $1,428.67 $0.00 $91.41 $17,687.37
13 $17,687.37 $1,428.67 $0.00 $100.01 $19,216.05
14 $19,216.05 $1,428.67 $0.00 $108.65 $20,753.37
15 $20,753.37 $1,428.67 $0.00 $117.34 $22,299.38
16 $22,299.38 $1,428.67 $0.00 $126.08 $23,854.13
17 $23,854.13 $1,428.67 $0.00 $134.87 $25,417.67
18 $25,417.67 $1,428.67 $0.00 $143.72 $26,990.06
19 $26,990.06 $1,428.67 $0.00 $152.61 $28,571.34
20 $28,571.34 $1,428.67 $0.00 $161.55 $30,161.56
21 $30,161.56 $1,428.67 $0.00 $170.54 $31,760.77
22 $31,760.77 $1,428.67 $0.00 $179.58 $33,369.02
23 $33,369.02 $1,428.67 $0.00 $188.67 $34,986.36
24 $34,986.36 $1,428.67 $0.00 $197.82 $36,612.85
25 $36,612.85 $1,428.67 $0.00 $207.01 $38,248.53
26 $38,248.53 $1,428.67 $0.00 $216.26 $39,893.46
27 $39,893.46 $1,428.67 $0.00 $225.56 $41,547.69
28 $41,547.69 $1,428.67 $0.00 $234.92 $43,211.28
29 $43,211.28 $1,428.67 $0.00 $244.32 $44,884.27
30 $44,884.27 $1,428.67 $0.00 $253.78 $46,566.72
31 $46,566.72 $1,428.67 $0.00 $263.30 $48,258.69
32 $48,258.69 $1,428.67 $0.00 $272.86 $49,960.22
33 $49,960.22 $1,428.67 $0.00 $282.48 $51,671.37
34 $51,671.37 $1,428.67 $0.00 $292.16 $53,392.20
35 $53,392.20 $1,428.67 $0.00 $301.89 $55,122.76
36 $55,122.76 $1,428.67 $0.00 $311.67 $56,863.10
37 $56,863.10 $1,428.67 $0.00 $321.51 $58,613.28
38 $58,613.28 $1,428.67 $0.00 $331.41 $60,373.36
39 $60,373.36 $1,428.67 $0.00 $341.36 $62,143.39
40 $62,143.39 $1,428.67 $0.00 $351.37 $63,923.43
41 $63,923.43 $1,428.67 $0.00 $361.43 $65,713.53
42 $65,713.53 $1,428.67 $0.00 $371.55 $67,513.75
43 $67,513.75 $1,428.67 $0.00 $381.73 $69,324.15
44 $69,324.15 $1,428.67 $0.00 $391.97 $71,144.79
45 $71,144.79 $1,428.67 $0.00 $402.26 $72,975.72
46 $72,975.72 $1,428.67 $0.00 $412.62 $74,817.01
47 $74,817.01 $1,428.67 $0.00 $423.03 $76,668.71
48 $76,668.71 $1,428.67 $0.00 $433.50 $78,530.88
49 $78,530.88 $1,428.67 $0.00 $444.03 $80,403.58
50 $80,403.58 $1,428.67 $0.00 $454.61 $82,286.86
51 $82,286.86 $1,428.67 $0.00 $465.26 $84,180.79
52 $84,180.79 $1,428.67 $0.00 $475.97 $86,085.43
53 $86,085.43 $1,428.67 $0.00 $486.74 $88,000.84
54 $88,000.84 $1,428.67 $0.00 $497.57 $89,927.08
55 $89,927.08 $1,428.67 $0.00 $508.46 $91,864.21
56 $91,864.21 $1,428.67 $0.00 $519.41 $93,812.29
57 $93,812.29 $1,428.67 $0.00 $530.43 $95,771.39
58 $95,771.39 $1,428.67 $0.00 $541.51 $97,741.57
59 $97,741.57 $1,428.67 $0.00 $552.65 $99,722.89
60 $99,722.89 $1,428.67 $0.00 $563.85 $101,715.41
61 $101,715.41 $1,428.67 $0.00 $575.11 $103,719.19
62 $103,719.19 $1,428.67 $0.00 $586.44 $105,734.30
63 $105,734.30 $1,428.67 $0.00 $597.84 $107,760.81
64 $107,760.81 $1,428.67 $0.00 $609.30 $109,798.78
65 $109,798.78 $1,428.67 $0.00 $620.82 $111,848.27
66 $111,848.27 $1,428.67 $0.00 $632.41 $113,909.35
67 $113,909.35 $1,428.67 $0.00 $644.06 $115,982.08
68 $115,982.08 $1,428.67 $0.00 $655.78 $118,066.53
69 $118,066.53 $1,428.67 $0.00 $667.57 $120,162.77
70 $120,162.77 $1,428.67 $0.00 $679.42 $122,270.86
71 $122,270.86 $1,428.67 $0.00 $691.34 $124,390.87
72 $124,390.87 $1,428.67 $0.00 $703.32 $126,522.86
73 $126,522.86 $1,428.67 $0.00 $715.38 $128,666.91
74 $128,666.91 $1,428.67 $0.00 $727.50 $130,823.08
75 $130,823.08 $1,428.67 $0.00 $739.69 $132,991.44
76 $132,991.44 $1,428.67 $0.00 $751.95 $135,172.06
77 $135,172.06 $1,428.67 $0.00 $764.28 $137,365.01
78 $137,365.01 $1,428.67 $0.00 $776.68 $139,570.36
79 $139,570.36 $1,428.67 $0.00 $789.15 $141,788.18
80 $141,788.18 $1,428.67 $0.00 $801.69 $144,018.54
81 $144,018.54 $1,428.67 $0.00 $814.30 $146,261.51
82 $146,261.51 $1,428.67 $0.00 $826.98 $148,517.16
83 $148,517.16 $1,428.67 $0.00 $839.74 $150,785.57
84 $150,785.57 $1,428.67 $0.00 $852.56 $153,066.80
85 $153,066.80 $1,428.67 $0.00 $865.46 $155,360.93
86 $155,360.93 $1,428.67 $0.00 $878.43 $157,668.03
87 $157,668.03 $1,428.67 $0.00 $891.48 $159,988.18
88 $159,988.18 $1,428.67 $0.00 $904.60 $162,321.45
89 $162,321.45 $1,428.67 $0.00 $917.79 $164,667.91
90 $164,667.91 $1,428.67 $0.00 $931.06 $167,027.64
91 $167,027.64 $1,428.67 $0.00 $944.40 $169,400.71
92 $169,400.71 $1,428.67 $0.00 $957.82 $171,787.20
93 $171,787.20 $1,428.67 $0.00 $971.31 $174,187.18
94 $174,187.18 $1,428.67 $0.00 $984.88 $176,600.73
95 $176,600.73 $1,428.67 $0.00 $998.53 $179,027.93
96 $179,027.93 $1,428.67 $0.00 $1,012.25 $181,468.85
97 $181,468.85 $1,428.67 $0.00 $1,026.05 $183,923.57
98 $183,923.57 $1,428.67 $0.00 $1,039.93 $186,392.17
99 $186,392.17 $1,428.67 $0.00 $1,053.89 $188,874.73
100 $188,874.73 $1,428.67 $0.00 $1,067.93 $191,371.33
101 $191,371.33 $1,428.67 $0.00 $1,082.04 $193,882.04
102 $193,882.04 $1,428.67 $0.00 $1,096.24 $196,406.95
103 $196,406.95 $1,428.67 $0.00 $1,110.51 $198,946.13
104 $198,946.13 $1,428.67 $0.00 $1,124.87 $201,499.67
105 $201,499.67 $1,428.67 $0.00 $1,139.31 $204,067.65
106 $204,067.65 $1,428.67 $0.00 $1,153.83 $206,650.15
107 $206,650.15 $1,428.67 $0.00 $1,168.43 $209,247.25
108 $209,247.25 $1,428.67 $0.00 $1,183.11 $211,859.03
109 $211,859.03 $1,428.67 $0.00 $1,197.88 $214,485.58
110 $214,485.58 $1,428.67 $0.00 $1,212.73 $217,126.98
111 $217,126.98 $1,428.67 $0.00 $1,227.67 $219,783.32
112 $219,783.32 $1,428.67 $0.00 $1,242.69 $222,454.68
113 $222,454.68 $1,428.67 $0.00 $1,257.79 $225,141.14
114 $225,141.14 $1,428.67 $0.00 $1,272.98 $227,842.79
115 $227,842.79 $1,428.67 $0.00 $1,288.26 $230,559.72
116 $230,559.72 $1,428.67 $0.00 $1,303.62 $233,292.01
117 $233,292.01 $1,428.67 $0.00 $1,319.07 $236,039.75
118 $236,039.75 $1,428.67 $0.00 $1,334.60 $238,803.02
119 $238,803.02 $1,428.67 $0.00 $1,350.23 $241,581.92
120 $241,581.92 $1,428.67 $0.00 $1,365.94 $244,376.53
121 $244,376.53 $1,428.67 $0.00 $1,381.74 $247,186.94
122 $247,186.94 $1,428.67 $0.00 $1,397.63 $250,013.24
123 $250,013.24 $1,428.67 $0.00 $1,413.61 $252,855.52
124 $252,855.52 $1,428.67 $0.00 $1,429.68 $255,713.87
125 $255,713.87 $1,428.67 $0.00 $1,445.84 $258,588.38
126 $258,588.38 $1,428.67 $0.00 $1,462.10 $261,479.15
127 $261,479.15 $1,428.67 $0.00 $1,478.44 $264,386.26
128 $264,386.26 $1,428.67 $0.00 $1,494.88 $267,309.81
129 $267,309.81 $1,428.67 $0.00 $1,511.41 $270,249.89
130 $270,249.89 $1,428.67 $0.00 $1,528.03 $273,206.59
131 $273,206.59 $1,428.67 $0.00 $1,544.75 $276,180.01
132 $276,180.01 $1,428.67 $0.00 $1,561.56 $279,170.24
133 $279,170.24 $1,428.67 $0.00 $1,578.47 $282,177.38
134 $282,177.38 $1,428.67 $0.00 $1,595.47 $285,201.52
135 $285,201.52 $1,428.67 $0.00 $1,612.57 $288,242.76
136 $288,242.76 $1,428.67 $0.00 $1,629.77 $291,301.20
137 $291,301.20 $1,428.67 $0.00 $1,647.06 $294,376.93
138 $294,376.93 $1,428.67 $0.00 $1,664.45 $297,470.05
139 $297,470.05 $1,428.67 $0.00 $1,681.94 $300,580.66
140 $300,580.66 $1,428.67 $0.00 $1,699.53 $303,708.86
141 $303,708.86 $1,428.67 $0.00 $1,717.21 $306,854.74
142 $306,854.74 $1,428.67 $0.00 $1,735.00 $310,018.41
143 $310,018.41 $1,428.67 $0.00 $1,752.89 $313,199.97
144 $313,199.97 $1,428.67 $0.00 $1,770.88 $316,399.52
145 $316,399.52 $1,428.67 $0.00 $1,788.97 $319,617.16
146 $319,617.16 $1,428.67 $0.00 $1,807.16 $322,852.99
147 $322,852.99 $1,428.67 $0.00 $1,825.46 $326,107.12
148 $326,107.12 $1,428.67 $0.00 $1,843.86 $329,379.65
149 $329,379.65 $1,428.67 $0.00 $1,862.36 $332,670.68
150 $332,670.68 $1,428.67 $0.00 $1,880.97 $335,980.32
151 $335,980.32 $1,428.67 $0.00 $1,899.68 $339,308.67
152 $339,308.67 $1,428.67 $0.00 $1,918.50 $342,655.84
153 $342,655.84 $1,428.67 $0.00 $1,937.43 $346,021.94
154 $346,021.94 $1,428.67 $0.00 $1,956.46 $349,407.07
155 $349,407.07 $1,428.67 $0.00 $1,975.60 $352,811.34
156 $352,811.34 $1,428.67 $0.00 $1,994.85 $356,234.86
157 $356,234.86 $1,428.67 $0.00 $2,014.20 $359,677.73
158 $359,677.73 $1,428.67 $0.00 $2,033.67 $363,140.07
159 $363,140.07 $1,428.67 $0.00 $2,053.25 $366,621.99
160 $366,621.99 $1,428.67 $0.00 $2,072.93 $370,123.59
161 $370,123.59 $1,428.67 $0.00 $2,092.73 $373,644.99
162 $373,644.99 $1,428.67 $0.00 $2,112.64 $377,186.30
163 $377,186.30 $1,428.67 $0.00 $2,132.67 $380,747.64
164 $380,747.64 $1,428.67 $0.00 $2,152.80 $384,329.11
165 $384,329.11 $1,428.67 $0.00 $2,173.05 $387,930.83
166 $387,930.83 $1,428.67 $0.00 $2,193.42 $391,552.92
167 $391,552.92 $1,428.67 $0.00 $2,213.90 $395,195.49
168 $395,195.49 $1,428.67 $0.00 $2,234.49 $398,858.65
169 $398,858.65 $1,428.67 $0.00 $2,255.20 $402,542.52
170 $402,542.52 $1,428.67 $0.00 $2,276.03 $406,247.22
171 $406,247.22 $1,428.67 $0.00 $2,296.98 $409,972.87
172 $409,972.87 $1,428.67 $0.00 $2,318.05 $413,719.59
173 $413,719.59 $1,428.67 $0.00 $2,339.23 $417,487.49
174 $417,487.49 $1,428.67 $0.00 $2,360.53 $421,276.69
175 $421,276.69 $1,428.67 $0.00 $2,381.96 $425,087.32
176 $425,087.32 $1,428.67 $0.00 $2,403.51 $428,919.50
177 $428,919.50 $1,428.67 $0.00 $2,425.17 $432,773.34
178 $432,773.34 $1,428.67 $0.00 $2,446.96 $436,648.97
179 $436,648.97 $1,428.67 $0.00 $2,468.88 $440,546.52
180 $440,546.52 $1,428.67 $0.00 $2,490.91 $444,466.10
181 $444,466.10 $1,428.67 $0.00 $2,513.08 $448,407.85
182 $448,407.85 $1,428.67 $0.00 $2,535.36 $452,371.88
183 $452,371.88 $1,428.67 $0.00 $2,557.78 $456,358.33
184 $456,358.33 $1,428.67 $0.00 $2,580.32 $460,367.32
185 $460,367.32 $1,428.67 $0.00 $2,602.98 $464,398.97
186 $464,398.97 $1,428.67 $0.00 $2,625.78 $468,453.42
187 $468,453.42 $1,428.67 $0.00 $2,648.70 $472,530.79
188 $472,530.79 $1,428.67 $0.00 $2,671.76 $476,631.22
189 $476,631.22 $1,428.67 $0.00 $2,694.94 $480,754.83
190 $480,754.83 $1,428.67 $0.00 $2,718.26 $484,901.76
191 $484,901.76 $1,428.67 $0.00 $2,741.71 $489,072.14
192 $489,072.14 $1,428.67 $0.00 $2,765.28 $493,266.09
193 $493,266.09 $1,428.67 $0.00 $2,789.00 $497,483.76
194 $497,483.76 $1,428.67 $0.00 $2,812.85 $501,725.28
195 $501,725.28 $1,428.67 $0.00 $2,836.83 $505,990.78
196 $505,990.78 $1,428.67 $0.00 $2,860.95 $510,280.40
197 $510,280.40 $1,428.67 $0.00 $2,885.20 $514,594.27
198 $514,594.27 $1,428.67 $0.00 $2,909.59 $518,932.53
199 $518,932.53 $1,428.67 $0.00 $2,934.12 $523,295.32
200 $523,295.32 $1,428.67 $0.00 $2,958.79 $527,682.78
201 $527,682.78 $1,428.67 $0.00 $2,983.60 $532,095.05
202 $532,095.05 $1,428.67 $0.00 $3,008.54 $536,532.26
203 $536,532.26 $1,428.67 $0.00 $3,033.63 $540,994.56
204 $540,994.56 $1,428.67 $0.00 $3,058.86 $545,482.09
205 $545,482.09 $1,428.67 $0.00 $3,084.24 $549,995.00
206 $549,995.00 $1,428.67 $0.00 $3,109.75 $554,533.42
207 $554,533.42 $1,428.67 $0.00 $3,135.41 $559,097.50
208 $559,097.50 $1,428.67 $0.00 $3,161.22 $563,687.39
209 $563,687.39 $1,428.67 $0.00 $3,187.17 $568,303.23
210 $568,303.23 $1,428.67 $0.00 $3,213.27 $572,945.17
211 $572,945.17 $1,428.67 $0.00 $3,239.52 $577,613.36
212 $577,613.36 $1,428.67 $0.00 $3,265.91 $582,307.94
213 $582,307.94 $1,428.67 $0.00 $3,292.45 $587,029.06
214 $587,029.06 $1,428.67 $0.00 $3,319.15 $591,776.88
215 $591,776.88 $1,428.67 $0.00 $3,345.99 $596,551.54
216 $596,551.54 $1,428.67 $0.00 $3,372.99 $601,353.20
217 $601,353.20 $1,428.67 $167,495.89 $3,400.14 $438,686.12
218 $438,686.12 $1,428.67 $0.00 $2,480.40 $442,595.19
219 $442,595.19 $1,428.67 $0.00 $2,502.50 $446,526.36
220 $446,526.36 $1,428.67 $0.00 $2,524.72 $450,479.75
221 $450,479.75 $1,428.67 $0.00 $2,547.08 $454,455.50
222 $454,455.50 $1,428.67 $0.00 $2,569.56 $458,453.73
223 $458,453.73 $1,428.67 $0.00 $2,592.16 $462,474.56
224 $462,474.56 $1,428.67 $0.00 $2,614.90 $466,518.13
225 $466,518.13 $1,428.67 $0.00 $2,637.76 $470,584.56
226 $470,584.56 $1,428.67 $0.00 $2,660.75 $474,673.98
227 $474,673.98 $1,428.67 $0.00 $2,683.88 $478,786.53
228 $478,786.53 $1,428.67 $0.00 $2,707.13 $482,922.33
229 $482,922.33 $1,428.67 $175,870.68 $2,730.51 $311,210.83
230 $311,210.83 $1,428.67 $0.00 $1,759.63 $314,399.13
231 $314,399.13 $1,428.67 $0.00 $1,777.66 $317,605.46
232 $317,605.46 $1,428.67 $0.00 $1,795.79 $320,829.92
233 $320,829.92 $1,428.67 $0.00 $1,814.02 $324,072.61
234 $324,072.61 $1,428.67 $0.00 $1,832.35 $327,333.63
235 $327,333.63 $1,428.67 $0.00 $1,850.79 $330,613.09
236 $330,613.09 $1,428.67 $0.00 $1,869.33 $333,911.09
237 $333,911.09 $1,428.67 $0.00 $1,887.98 $337,227.74
238 $337,227.74 $1,428.67 $0.00 $1,906.73 $340,563.14
239 $340,563.14 $1,428.67 $0.00 $1,925.59 $343,917.40
240 $343,917.40 $1,428.67 $0.00 $1,944.56 $347,290.63
241 $347,290.63 $1,428.67 $184,664.21 $1,963.63 $166,018.72
242 $166,018.72 $1,428.67 $0.00 $938.69 $168,386.08
243 $168,386.08 $1,428.67 $0.00 $952.08 $170,766.83
244 $170,766.83 $1,428.67 $0.00 $965.54 $173,161.04
245 $173,161.04 $1,428.67 $0.00 $979.08 $175,568.79
246 $175,568.79 $1,428.67 $0.00 $992.69 $177,990.15
247 $177,990.15 $1,428.67 $0.00 $1,006.38 $180,425.20
248 $180,425.20 $1,428.67 $0.00 $1,020.15 $182,874.02
249 $182,874.02 $1,428.67 $0.00 $1,034.00 $185,336.69
250 $185,336.69 $1,428.67 $0.00 $1,047.92 $187,813.28
251 $187,813.28 $1,428.67 $0.00 $1,061.92 $190,303.87
252 $190,303.87 $1,428.67 $0.00 $1,076.01 $192,808.55
253 $192,808.55 $0.00 $193,897.42 $1,090.17 $1.30