Savings Plan and Future Cost Estimation for DeVry University Pennsylvania

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$64,387
Monthly savings required$510

How much will it cost to send your child to DeVry University Pennsylvania in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $257,546.99 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $509.68 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$24,829.00
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 $509.68 $0.00 $0.00 $509.68
2 $509.68 $509.68 $0.00 $2.88 $1,022.24
3 $1,022.24 $509.68 $0.00 $5.78 $1,537.70
4 $1,537.70 $509.68 $0.00 $8.69 $2,056.07
5 $2,056.07 $509.68 $0.00 $11.63 $2,577.38
6 $2,577.38 $509.68 $0.00 $14.57 $3,101.63
7 $3,101.63 $509.68 $0.00 $17.54 $3,628.85
8 $3,628.85 $509.68 $0.00 $20.52 $4,159.05
9 $4,159.05 $509.68 $0.00 $23.52 $4,692.25
10 $4,692.25 $509.68 $0.00 $26.53 $5,228.46
11 $5,228.46 $509.68 $0.00 $29.56 $5,767.70
12 $5,767.70 $509.68 $0.00 $32.61 $6,309.99
13 $6,309.99 $509.68 $0.00 $35.68 $6,855.35
14 $6,855.35 $509.68 $0.00 $38.76 $7,403.79
15 $7,403.79 $509.68 $0.00 $41.86 $7,955.33
16 $7,955.33 $509.68 $0.00 $44.98 $8,509.99
17 $8,509.99 $509.68 $0.00 $48.12 $9,067.79
18 $9,067.79 $509.68 $0.00 $51.27 $9,628.74
19 $9,628.74 $509.68 $0.00 $54.44 $10,192.86
20 $10,192.86 $509.68 $0.00 $57.63 $10,760.17
21 $10,760.17 $509.68 $0.00 $60.84 $11,330.69
22 $11,330.69 $509.68 $0.00 $64.07 $11,904.44
23 $11,904.44 $509.68 $0.00 $67.31 $12,481.43
24 $12,481.43 $509.68 $0.00 $70.57 $13,061.68
25 $13,061.68 $509.68 $0.00 $73.85 $13,645.21
26 $13,645.21 $509.68 $0.00 $77.15 $14,232.04
27 $14,232.04 $509.68 $0.00 $80.47 $14,822.19
28 $14,822.19 $509.68 $0.00 $83.81 $15,415.68
29 $15,415.68 $509.68 $0.00 $87.16 $16,012.52
30 $16,012.52 $509.68 $0.00 $90.54 $16,612.74
31 $16,612.74 $509.68 $0.00 $93.93 $17,216.35
32 $17,216.35 $509.68 $0.00 $97.34 $17,823.37
33 $17,823.37 $509.68 $0.00 $100.78 $18,433.83
34 $18,433.83 $509.68 $0.00 $104.23 $19,047.74
35 $19,047.74 $509.68 $0.00 $107.70 $19,665.12
36 $19,665.12 $509.68 $0.00 $111.19 $20,285.99
37 $20,285.99 $509.68 $0.00 $114.70 $20,910.37
38 $20,910.37 $509.68 $0.00 $118.23 $21,538.28
39 $21,538.28 $509.68 $0.00 $121.78 $22,169.74
40 $22,169.74 $509.68 $0.00 $125.35 $22,804.77
41 $22,804.77 $509.68 $0.00 $128.94 $23,443.39
42 $23,443.39 $509.68 $0.00 $132.55 $24,085.62
43 $24,085.62 $509.68 $0.00 $136.18 $24,731.48
44 $24,731.48 $509.68 $0.00 $139.84 $25,381.00
45 $25,381.00 $509.68 $0.00 $143.51 $26,034.19
46 $26,034.19 $509.68 $0.00 $147.20 $26,691.07
47 $26,691.07 $509.68 $0.00 $150.92 $27,351.67
48 $27,351.67 $509.68 $0.00 $154.65 $28,016.00
49 $28,016.00 $509.68 $0.00 $158.41 $28,684.09
50 $28,684.09 $509.68 $0.00 $162.18 $29,355.95
51 $29,355.95 $509.68 $0.00 $165.98 $30,031.61
52 $30,031.61 $509.68 $0.00 $169.80 $30,711.09
53 $30,711.09 $509.68 $0.00 $173.64 $31,394.41
54 $31,394.41 $509.68 $0.00 $177.51 $32,081.60
55 $32,081.60 $509.68 $0.00 $181.39 $32,772.67
56 $32,772.67 $509.68 $0.00 $185.30 $33,467.65
57 $33,467.65 $509.68 $0.00 $189.23 $34,166.56
58 $34,166.56 $509.68 $0.00 $193.18 $34,869.42
59 $34,869.42 $509.68 $0.00 $197.16 $35,576.26
60 $35,576.26 $509.68 $0.00 $201.15 $36,287.09
61 $36,287.09 $509.68 $0.00 $205.17 $37,001.94
62 $37,001.94 $509.68 $0.00 $209.21 $37,720.83
63 $37,720.83 $509.68 $0.00 $213.28 $38,443.79
64 $38,443.79 $509.68 $0.00 $217.37 $39,170.84
65 $39,170.84 $509.68 $0.00 $221.48 $39,902.00
66 $39,902.00 $509.68 $0.00 $225.61 $40,637.29
67 $40,637.29 $509.68 $0.00 $229.77 $41,376.74
68 $41,376.74 $509.68 $0.00 $233.95 $42,120.37
69 $42,120.37 $509.68 $0.00 $238.15 $42,868.20
70 $42,868.20 $509.68 $0.00 $242.38 $43,620.26
71 $43,620.26 $509.68 $0.00 $246.64 $44,376.58
72 $44,376.58 $509.68 $0.00 $250.91 $45,137.17
73 $45,137.17 $509.68 $0.00 $255.21 $45,902.06
74 $45,902.06 $509.68 $0.00 $259.54 $46,671.28
75 $46,671.28 $509.68 $0.00 $263.89 $47,444.85
76 $47,444.85 $509.68 $0.00 $268.26 $48,222.79
77 $48,222.79 $509.68 $0.00 $272.66 $49,005.13
78 $49,005.13 $509.68 $0.00 $277.08 $49,791.89
79 $49,791.89 $509.68 $0.00 $281.53 $50,583.10
80 $50,583.10 $509.68 $0.00 $286.00 $51,378.78
81 $51,378.78 $509.68 $0.00 $290.50 $52,178.96
82 $52,178.96 $509.68 $0.00 $295.03 $52,983.67
83 $52,983.67 $509.68 $0.00 $299.58 $53,792.93
84 $53,792.93 $509.68 $0.00 $304.15 $54,606.76
85 $54,606.76 $509.68 $0.00 $308.75 $55,425.19
86 $55,425.19 $509.68 $0.00 $313.38 $56,248.25
87 $56,248.25 $509.68 $0.00 $318.04 $57,075.97
88 $57,075.97 $509.68 $0.00 $322.72 $57,908.37
89 $57,908.37 $509.68 $0.00 $327.42 $58,745.47
90 $58,745.47 $509.68 $0.00 $332.16 $59,587.31
91 $59,587.31 $509.68 $0.00 $336.92 $60,433.91
92 $60,433.91 $509.68 $0.00 $341.70 $61,285.29
93 $61,285.29 $509.68 $0.00 $346.52 $62,141.49
94 $62,141.49 $509.68 $0.00 $351.36 $63,002.53
95 $63,002.53 $509.68 $0.00 $356.23 $63,868.44
96 $63,868.44 $509.68 $0.00 $361.12 $64,739.24
97 $64,739.24 $509.68 $0.00 $366.05 $65,614.97
98 $65,614.97 $509.68 $0.00 $371.00 $66,495.65
99 $66,495.65 $509.68 $0.00 $375.98 $67,381.31
100 $67,381.31 $509.68 $0.00 $380.98 $68,271.97
101 $68,271.97 $509.68 $0.00 $386.02 $69,167.67
102 $69,167.67 $509.68 $0.00 $391.08 $70,068.43
103 $70,068.43 $509.68 $0.00 $396.18 $70,974.29
104 $70,974.29 $509.68 $0.00 $401.30 $71,885.27
105 $71,885.27 $509.68 $0.00 $406.45 $72,801.40
106 $72,801.40 $509.68 $0.00 $411.63 $73,722.71
107 $73,722.71 $509.68 $0.00 $416.84 $74,649.23
108 $74,649.23 $509.68 $0.00 $422.08 $75,580.99
109 $75,580.99 $509.68 $0.00 $427.35 $76,518.02
110 $76,518.02 $509.68 $0.00 $432.64 $77,460.34
111 $77,460.34 $509.68 $0.00 $437.97 $78,407.99
112 $78,407.99 $509.68 $0.00 $443.33 $79,361.00
113 $79,361.00 $509.68 $0.00 $448.72 $80,319.40
114 $80,319.40 $509.68 $0.00 $454.14 $81,283.22
115 $81,283.22 $509.68 $0.00 $459.59 $82,252.49
116 $82,252.49 $509.68 $0.00 $465.07 $83,227.24
117 $83,227.24 $509.68 $0.00 $470.58 $84,207.50
118 $84,207.50 $509.68 $0.00 $476.12 $85,193.30
119 $85,193.30 $509.68 $0.00 $481.70 $86,184.68
120 $86,184.68 $509.68 $0.00 $487.30 $87,181.66
121 $87,181.66 $509.68 $0.00 $492.94 $88,184.28
122 $88,184.28 $509.68 $0.00 $498.61 $89,192.57
123 $89,192.57 $509.68 $0.00 $504.31 $90,206.56
124 $90,206.56 $509.68 $0.00 $510.04 $91,226.28
125 $91,226.28 $509.68 $0.00 $515.81 $92,251.77
126 $92,251.77 $509.68 $0.00 $521.60 $93,283.05
127 $93,283.05 $509.68 $0.00 $527.44 $94,320.17
128 $94,320.17 $509.68 $0.00 $533.30 $95,363.15
129 $95,363.15 $509.68 $0.00 $539.20 $96,412.03
130 $96,412.03 $509.68 $0.00 $545.13 $97,466.84
131 $97,466.84 $509.68 $0.00 $551.09 $98,527.61
132 $98,527.61 $509.68 $0.00 $557.09 $99,594.38
133 $99,594.38 $509.68 $0.00 $563.12 $100,667.18
134 $100,667.18 $509.68 $0.00 $569.19 $101,746.05
135 $101,746.05 $509.68 $0.00 $575.29 $102,831.02
136 $102,831.02 $509.68 $0.00 $581.42 $103,922.12
137 $103,922.12 $509.68 $0.00 $587.59 $105,019.39
138 $105,019.39 $509.68 $0.00 $593.79 $106,122.86
139 $106,122.86 $509.68 $0.00 $600.03 $107,232.57
140 $107,232.57 $509.68 $0.00 $606.31 $108,348.56
141 $108,348.56 $509.68 $0.00 $612.62 $109,470.86
142 $109,470.86 $509.68 $0.00 $618.96 $110,599.50
143 $110,599.50 $509.68 $0.00 $625.35 $111,734.53
144 $111,734.53 $509.68 $0.00 $631.76 $112,875.97
145 $112,875.97 $509.68 $0.00 $638.22 $114,023.87
146 $114,023.87 $509.68 $0.00 $644.71 $115,178.26
147 $115,178.26 $509.68 $0.00 $651.23 $116,339.17
148 $116,339.17 $509.68 $0.00 $657.80 $117,506.65
149 $117,506.65 $509.68 $0.00 $664.40 $118,680.73
150 $118,680.73 $509.68 $0.00 $671.04 $119,861.45
151 $119,861.45 $509.68 $0.00 $677.71 $121,048.84
152 $121,048.84 $509.68 $0.00 $684.43 $122,242.95
153 $122,242.95 $509.68 $0.00 $691.18 $123,443.81
154 $123,443.81 $509.68 $0.00 $697.97 $124,651.46
155 $124,651.46 $509.68 $0.00 $704.80 $125,865.94
156 $125,865.94 $509.68 $0.00 $711.66 $127,087.28
157 $127,087.28 $509.68 $0.00 $718.57 $128,315.53
158 $128,315.53 $509.68 $0.00 $725.51 $129,550.72
159 $129,550.72 $509.68 $0.00 $732.50 $130,792.90
160 $130,792.90 $509.68 $0.00 $739.52 $132,042.10
161 $132,042.10 $509.68 $0.00 $746.59 $133,298.37
162 $133,298.37 $509.68 $0.00 $753.69 $134,561.74
163 $134,561.74 $509.68 $0.00 $760.83 $135,832.25
164 $135,832.25 $509.68 $0.00 $768.02 $137,109.95
165 $137,109.95 $509.68 $0.00 $775.24 $138,394.87
166 $138,394.87 $509.68 $0.00 $782.50 $139,687.05
167 $139,687.05 $509.68 $0.00 $789.81 $140,986.54
168 $140,986.54 $509.68 $0.00 $797.16 $142,293.38
169 $142,293.38 $509.68 $0.00 $804.55 $143,607.61
170 $143,607.61 $509.68 $0.00 $811.98 $144,929.27
171 $144,929.27 $509.68 $0.00 $819.45 $146,258.40
172 $146,258.40 $509.68 $0.00 $826.97 $147,595.05
173 $147,595.05 $509.68 $0.00 $834.52 $148,939.25
174 $148,939.25 $509.68 $0.00 $842.12 $150,291.05
175 $150,291.05 $509.68 $0.00 $849.77 $151,650.50
176 $151,650.50 $509.68 $0.00 $857.45 $153,017.63
177 $153,017.63 $509.68 $0.00 $865.18 $154,392.49
178 $154,392.49 $509.68 $0.00 $872.96 $155,775.13
179 $155,775.13 $509.68 $0.00 $880.78 $157,165.59
180 $157,165.59 $509.68 $0.00 $888.64 $158,563.91
181 $158,563.91 $509.68 $0.00 $896.54 $159,970.13
182 $159,970.13 $509.68 $0.00 $904.49 $161,384.30
183 $161,384.30 $509.68 $0.00 $912.49 $162,806.47
184 $162,806.47 $509.68 $0.00 $920.53 $164,236.68
185 $164,236.68 $509.68 $0.00 $928.62 $165,674.98
186 $165,674.98 $509.68 $0.00 $936.75 $167,121.41
187 $167,121.41 $509.68 $0.00 $944.93 $168,576.02
188 $168,576.02 $509.68 $0.00 $953.15 $170,038.85
189 $170,038.85 $509.68 $0.00 $961.42 $171,509.95
190 $171,509.95 $509.68 $0.00 $969.74 $172,989.37
191 $172,989.37 $509.68 $0.00 $978.11 $174,477.16
192 $174,477.16 $509.68 $0.00 $986.52 $175,973.36
193 $175,973.36 $509.68 $0.00 $994.98 $177,478.02
194 $177,478.02 $509.68 $0.00 $1,003.49 $178,991.19
195 $178,991.19 $509.68 $0.00 $1,012.04 $180,512.91
196 $180,512.91 $509.68 $0.00 $1,020.65 $182,043.24
197 $182,043.24 $509.68 $0.00 $1,029.30 $183,582.22
198 $183,582.22 $509.68 $0.00 $1,038.00 $185,129.90
199 $185,129.90 $509.68 $0.00 $1,046.75 $186,686.33
200 $186,686.33 $509.68 $0.00 $1,055.55 $188,251.56
201 $188,251.56 $509.68 $0.00 $1,064.40 $189,825.64
202 $189,825.64 $509.68 $0.00 $1,073.30 $191,408.62
203 $191,408.62 $509.68 $0.00 $1,082.25 $193,000.55
204 $193,000.55 $509.68 $0.00 $1,091.25 $194,601.48
205 $194,601.48 $509.68 $0.00 $1,100.31 $196,211.47
206 $196,211.47 $509.68 $0.00 $1,109.41 $197,830.56
207 $197,830.56 $509.68 $0.00 $1,118.56 $199,458.80
208 $199,458.80 $509.68 $0.00 $1,127.77 $201,096.25
209 $201,096.25 $509.68 $0.00 $1,137.03 $202,742.96
210 $202,742.96 $509.68 $0.00 $1,146.34 $204,398.98
211 $204,398.98 $509.68 $0.00 $1,155.70 $206,064.36
212 $206,064.36 $509.68 $0.00 $1,165.12 $207,739.16
213 $207,739.16 $509.68 $0.00 $1,174.59 $209,423.43
214 $209,423.43 $509.68 $0.00 $1,184.11 $211,117.22
215 $211,117.22 $509.68 $0.00 $1,193.69 $212,820.59
216 $212,820.59 $509.68 $0.00 $1,203.32 $214,533.59
217 $214,533.59 $509.68 $59,753.95 $1,213.00 $156,502.32
218 $156,502.32 $509.68 $0.00 $884.89 $157,896.89
219 $157,896.89 $509.68 $0.00 $892.77 $159,299.34
220 $159,299.34 $509.68 $0.00 $900.70 $160,709.72
221 $160,709.72 $509.68 $0.00 $908.68 $162,128.08
222 $162,128.08 $509.68 $0.00 $916.70 $163,554.46
223 $163,554.46 $509.68 $0.00 $924.76 $164,988.90
224 $164,988.90 $509.68 $0.00 $932.87 $166,431.45
225 $166,431.45 $509.68 $0.00 $941.03 $167,882.16
226 $167,882.16 $509.68 $0.00 $949.23 $169,341.07
227 $169,341.07 $509.68 $0.00 $957.48 $170,808.23
228 $170,808.23 $509.68 $0.00 $965.77 $172,283.68
229 $172,283.68 $509.68 $62,741.65 $974.12 $111,025.83
230 $111,025.83 $509.68 $0.00 $627.76 $112,163.27
231 $112,163.27 $509.68 $0.00 $634.19 $113,307.14
232 $113,307.14 $509.68 $0.00 $640.66 $114,457.48
233 $114,457.48 $509.68 $0.00 $647.16 $115,614.32
234 $115,614.32 $509.68 $0.00 $653.70 $116,777.70
235 $116,777.70 $509.68 $0.00 $660.28 $117,947.66
236 $117,947.66 $509.68 $0.00 $666.89 $119,124.23
237 $119,124.23 $509.68 $0.00 $673.55 $120,307.46
238 $120,307.46 $509.68 $0.00 $680.24 $121,497.38
239 $121,497.38 $509.68 $0.00 $686.96 $122,694.02
240 $122,694.02 $509.68 $0.00 $693.73 $123,897.43
241 $123,897.43 $509.68 $65,878.73 $700.53 $59,228.91
242 $59,228.91 $509.68 $0.00 $334.89 $60,073.48
243 $60,073.48 $509.68 $0.00 $339.66 $60,922.82
244 $60,922.82 $509.68 $0.00 $344.47 $61,776.97
245 $61,776.97 $509.68 $0.00 $349.30 $62,635.95
246 $62,635.95 $509.68 $0.00 $354.15 $63,499.78
247 $63,499.78 $509.68 $0.00 $359.04 $64,368.50
248 $64,368.50 $509.68 $0.00 $363.95 $65,242.13
249 $65,242.13 $509.68 $0.00 $368.89 $66,120.70
250 $66,120.70 $509.68 $0.00 $373.86 $67,004.24
251 $67,004.24 $509.68 $0.00 $378.85 $67,892.77
252 $67,892.77 $509.68 $0.00 $383.88 $68,786.33
253 $68,786.33 $0.00 $69,172.67 $388.93 $2.59