Savings Plan and Future Cost Estimation for Eastern University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$204,586
Monthly savings required$1,617

How much will it cost to send your child to Eastern University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $818,345.73 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,616.89 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$54,532.00
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 $1,616.89 $0.00 $0.00 $1,616.89
2 $1,616.89 $1,616.89 $0.00 $9.14 $3,242.92
3 $3,242.92 $1,616.89 $0.00 $18.34 $4,878.15
4 $4,878.15 $1,616.89 $0.00 $27.58 $6,522.62
5 $6,522.62 $1,616.89 $0.00 $36.88 $8,176.39
6 $8,176.39 $1,616.89 $0.00 $46.23 $9,839.51
7 $9,839.51 $1,616.89 $0.00 $55.63 $11,512.03
8 $11,512.03 $1,616.89 $0.00 $65.09 $13,194.01
9 $13,194.01 $1,616.89 $0.00 $74.60 $14,885.50
10 $14,885.50 $1,616.89 $0.00 $84.16 $16,586.55
11 $16,586.55 $1,616.89 $0.00 $93.78 $18,297.22
12 $18,297.22 $1,616.89 $0.00 $103.46 $20,017.57
13 $20,017.57 $1,616.89 $0.00 $113.18 $21,747.64
14 $21,747.64 $1,616.89 $0.00 $122.96 $23,487.49
15 $23,487.49 $1,616.89 $0.00 $132.80 $25,237.18
16 $25,237.18 $1,616.89 $0.00 $142.69 $26,996.76
17 $26,996.76 $1,616.89 $0.00 $152.64 $28,766.29
18 $28,766.29 $1,616.89 $0.00 $162.65 $30,545.83
19 $30,545.83 $1,616.89 $0.00 $172.71 $32,335.43
20 $32,335.43 $1,616.89 $0.00 $182.83 $34,135.15
21 $34,135.15 $1,616.89 $0.00 $193.01 $35,945.05
22 $35,945.05 $1,616.89 $0.00 $203.24 $37,765.18
23 $37,765.18 $1,616.89 $0.00 $213.53 $39,595.60
24 $39,595.60 $1,616.89 $0.00 $223.88 $41,436.37
25 $41,436.37 $1,616.89 $0.00 $234.29 $43,287.55
26 $43,287.55 $1,616.89 $0.00 $244.75 $45,149.19
27 $45,149.19 $1,616.89 $0.00 $255.28 $47,021.36
28 $47,021.36 $1,616.89 $0.00 $265.87 $48,904.12
29 $48,904.12 $1,616.89 $0.00 $276.51 $50,797.52
30 $50,797.52 $1,616.89 $0.00 $287.22 $52,701.63
31 $52,701.63 $1,616.89 $0.00 $297.98 $54,616.50
32 $54,616.50 $1,616.89 $0.00 $308.81 $56,542.20
33 $56,542.20 $1,616.89 $0.00 $319.70 $58,478.79
34 $58,478.79 $1,616.89 $0.00 $330.65 $60,426.33
35 $60,426.33 $1,616.89 $0.00 $341.66 $62,384.88
36 $62,384.88 $1,616.89 $0.00 $352.73 $64,354.50
37 $64,354.50 $1,616.89 $0.00 $363.87 $66,335.26
38 $66,335.26 $1,616.89 $0.00 $375.07 $68,327.22
39 $68,327.22 $1,616.89 $0.00 $386.33 $70,330.44
40 $70,330.44 $1,616.89 $0.00 $397.66 $72,344.99
41 $72,344.99 $1,616.89 $0.00 $409.05 $74,370.93
42 $74,370.93 $1,616.89 $0.00 $420.50 $76,408.32
43 $76,408.32 $1,616.89 $0.00 $432.02 $78,457.23
44 $78,457.23 $1,616.89 $0.00 $443.61 $80,517.73
45 $80,517.73 $1,616.89 $0.00 $455.26 $82,589.88
46 $82,589.88 $1,616.89 $0.00 $466.98 $84,673.75
47 $84,673.75 $1,616.89 $0.00 $478.76 $86,769.40
48 $86,769.40 $1,616.89 $0.00 $490.61 $88,876.90
49 $88,876.90 $1,616.89 $0.00 $502.52 $90,996.31
50 $90,996.31 $1,616.89 $0.00 $514.51 $93,127.71
51 $93,127.71 $1,616.89 $0.00 $526.56 $95,271.16
52 $95,271.16 $1,616.89 $0.00 $538.68 $97,426.73
53 $97,426.73 $1,616.89 $0.00 $550.86 $99,594.48
54 $99,594.48 $1,616.89 $0.00 $563.12 $101,774.49
55 $101,774.49 $1,616.89 $0.00 $575.45 $103,966.83
56 $103,966.83 $1,616.89 $0.00 $587.84 $106,171.56
57 $106,171.56 $1,616.89 $0.00 $600.31 $108,388.76
58 $108,388.76 $1,616.89 $0.00 $612.85 $110,618.50
59 $110,618.50 $1,616.89 $0.00 $625.45 $112,860.84
60 $112,860.84 $1,616.89 $0.00 $638.13 $115,115.86
61 $115,115.86 $1,616.89 $0.00 $650.88 $117,383.63
62 $117,383.63 $1,616.89 $0.00 $663.70 $119,664.22
63 $119,664.22 $1,616.89 $0.00 $676.60 $121,957.71
64 $121,957.71 $1,616.89 $0.00 $689.57 $124,264.17
65 $124,264.17 $1,616.89 $0.00 $702.61 $126,583.67
66 $126,583.67 $1,616.89 $0.00 $715.72 $128,916.28
67 $128,916.28 $1,616.89 $0.00 $728.91 $131,262.08
68 $131,262.08 $1,616.89 $0.00 $742.17 $133,621.14
69 $133,621.14 $1,616.89 $0.00 $755.51 $135,993.54
70 $135,993.54 $1,616.89 $0.00 $768.93 $138,379.36
71 $138,379.36 $1,616.89 $0.00 $782.42 $140,778.67
72 $140,778.67 $1,616.89 $0.00 $795.98 $143,191.54
73 $143,191.54 $1,616.89 $0.00 $809.63 $145,618.06
74 $145,618.06 $1,616.89 $0.00 $823.35 $148,058.30
75 $148,058.30 $1,616.89 $0.00 $837.14 $150,512.33
76 $150,512.33 $1,616.89 $0.00 $851.02 $152,980.24
77 $152,980.24 $1,616.89 $0.00 $864.97 $155,462.10
78 $155,462.10 $1,616.89 $0.00 $879.01 $157,958.00
79 $157,958.00 $1,616.89 $0.00 $893.12 $160,468.01
80 $160,468.01 $1,616.89 $0.00 $907.31 $162,992.21
81 $162,992.21 $1,616.89 $0.00 $921.58 $165,530.68
82 $165,530.68 $1,616.89 $0.00 $935.93 $168,083.50
83 $168,083.50 $1,616.89 $0.00 $950.37 $170,650.76
84 $170,650.76 $1,616.89 $0.00 $964.88 $173,232.53
85 $173,232.53 $1,616.89 $0.00 $979.48 $175,828.90
86 $175,828.90 $1,616.89 $0.00 $994.16 $178,439.95
87 $178,439.95 $1,616.89 $0.00 $1,008.93 $181,065.77
88 $181,065.77 $1,616.89 $0.00 $1,023.77 $183,706.43
89 $183,706.43 $1,616.89 $0.00 $1,038.70 $186,362.02
90 $186,362.02 $1,616.89 $0.00 $1,053.72 $189,032.63
91 $189,032.63 $1,616.89 $0.00 $1,068.82 $191,718.34
92 $191,718.34 $1,616.89 $0.00 $1,084.00 $194,419.23
93 $194,419.23 $1,616.89 $0.00 $1,099.27 $197,135.39
94 $197,135.39 $1,616.89 $0.00 $1,114.63 $199,866.91
95 $199,866.91 $1,616.89 $0.00 $1,130.08 $202,613.88
96 $202,613.88 $1,616.89 $0.00 $1,145.61 $205,376.38
97 $205,376.38 $1,616.89 $0.00 $1,161.23 $208,154.50
98 $208,154.50 $1,616.89 $0.00 $1,176.94 $210,948.33
99 $210,948.33 $1,616.89 $0.00 $1,192.73 $213,757.95
100 $213,757.95 $1,616.89 $0.00 $1,208.62 $216,583.46
101 $216,583.46 $1,616.89 $0.00 $1,224.59 $219,424.94
102 $219,424.94 $1,616.89 $0.00 $1,240.66 $222,282.49
103 $222,282.49 $1,616.89 $0.00 $1,256.82 $225,156.20
104 $225,156.20 $1,616.89 $0.00 $1,273.07 $228,046.16
105 $228,046.16 $1,616.89 $0.00 $1,289.41 $230,952.46
106 $230,952.46 $1,616.89 $0.00 $1,305.84 $233,875.19
107 $233,875.19 $1,616.89 $0.00 $1,322.36 $236,814.44
108 $236,814.44 $1,616.89 $0.00 $1,338.98 $239,770.31
109 $239,770.31 $1,616.89 $0.00 $1,355.70 $242,742.90
110 $242,742.90 $1,616.89 $0.00 $1,372.50 $245,732.29
111 $245,732.29 $1,616.89 $0.00 $1,389.41 $248,738.59
112 $248,738.59 $1,616.89 $0.00 $1,406.40 $251,761.88
113 $251,761.88 $1,616.89 $0.00 $1,423.50 $254,802.27
114 $254,802.27 $1,616.89 $0.00 $1,440.69 $257,859.85
115 $257,859.85 $1,616.89 $0.00 $1,457.98 $260,934.72
116 $260,934.72 $1,616.89 $0.00 $1,475.36 $264,026.97
117 $264,026.97 $1,616.89 $0.00 $1,492.85 $267,136.71
118 $267,136.71 $1,616.89 $0.00 $1,510.43 $270,264.03
119 $270,264.03 $1,616.89 $0.00 $1,528.11 $273,409.03
120 $273,409.03 $1,616.89 $0.00 $1,545.89 $276,571.81
121 $276,571.81 $1,616.89 $0.00 $1,563.78 $279,752.48
122 $279,752.48 $1,616.89 $0.00 $1,581.76 $282,951.13
123 $282,951.13 $1,616.89 $0.00 $1,599.85 $286,167.87
124 $286,167.87 $1,616.89 $0.00 $1,618.03 $289,402.79
125 $289,402.79 $1,616.89 $0.00 $1,636.33 $292,656.01
126 $292,656.01 $1,616.89 $0.00 $1,654.72 $295,927.62
127 $295,927.62 $1,616.89 $0.00 $1,673.22 $299,217.73
128 $299,217.73 $1,616.89 $0.00 $1,691.82 $302,526.44
129 $302,526.44 $1,616.89 $0.00 $1,710.53 $305,853.86
130 $305,853.86 $1,616.89 $0.00 $1,729.34 $309,200.09
131 $309,200.09 $1,616.89 $0.00 $1,748.26 $312,565.24
132 $312,565.24 $1,616.89 $0.00 $1,767.29 $315,949.42
133 $315,949.42 $1,616.89 $0.00 $1,786.42 $319,352.73
134 $319,352.73 $1,616.89 $0.00 $1,805.67 $322,775.29
135 $322,775.29 $1,616.89 $0.00 $1,825.02 $326,217.20
136 $326,217.20 $1,616.89 $0.00 $1,844.48 $329,678.57
137 $329,678.57 $1,616.89 $0.00 $1,864.05 $333,159.51
138 $333,159.51 $1,616.89 $0.00 $1,883.73 $336,660.13
139 $336,660.13 $1,616.89 $0.00 $1,903.53 $340,180.55
140 $340,180.55 $1,616.89 $0.00 $1,923.43 $343,720.87
141 $343,720.87 $1,616.89 $0.00 $1,943.45 $347,281.21
142 $347,281.21 $1,616.89 $0.00 $1,963.58 $350,861.68
143 $350,861.68 $1,616.89 $0.00 $1,983.82 $354,462.39
144 $354,462.39 $1,616.89 $0.00 $2,004.18 $358,083.46
145 $358,083.46 $1,616.89 $0.00 $2,024.66 $361,725.01
146 $361,725.01 $1,616.89 $0.00 $2,045.25 $365,387.15
147 $365,387.15 $1,616.89 $0.00 $2,065.95 $369,069.99
148 $369,069.99 $1,616.89 $0.00 $2,086.78 $372,773.66
149 $372,773.66 $1,616.89 $0.00 $2,107.72 $376,498.27
150 $376,498.27 $1,616.89 $0.00 $2,128.78 $380,243.94
151 $380,243.94 $1,616.89 $0.00 $2,149.95 $384,010.78
152 $384,010.78 $1,616.89 $0.00 $2,171.25 $387,798.92
153 $387,798.92 $1,616.89 $0.00 $2,192.67 $391,608.48
154 $391,608.48 $1,616.89 $0.00 $2,214.21 $395,439.58
155 $395,439.58 $1,616.89 $0.00 $2,235.87 $399,292.34
156 $399,292.34 $1,616.89 $0.00 $2,257.66 $403,166.89
157 $403,166.89 $1,616.89 $0.00 $2,279.56 $407,063.34
158 $407,063.34 $1,616.89 $0.00 $2,301.60 $410,981.83
159 $410,981.83 $1,616.89 $0.00 $2,323.75 $414,922.47
160 $414,922.47 $1,616.89 $0.00 $2,346.03 $418,885.39
161 $418,885.39 $1,616.89 $0.00 $2,368.44 $422,870.72
162 $422,870.72 $1,616.89 $0.00 $2,390.97 $426,878.58
163 $426,878.58 $1,616.89 $0.00 $2,413.63 $430,909.10
164 $430,909.10 $1,616.89 $0.00 $2,436.42 $434,962.41
165 $434,962.41 $1,616.89 $0.00 $2,459.34 $439,038.64
166 $439,038.64 $1,616.89 $0.00 $2,482.39 $443,137.92
167 $443,137.92 $1,616.89 $0.00 $2,505.57 $447,260.38
168 $447,260.38 $1,616.89 $0.00 $2,528.88 $451,406.15
169 $451,406.15 $1,616.89 $0.00 $2,552.32 $455,575.36
170 $455,575.36 $1,616.89 $0.00 $2,575.89 $459,768.14
171 $459,768.14 $1,616.89 $0.00 $2,599.60 $463,984.63
172 $463,984.63 $1,616.89 $0.00 $2,623.44 $468,224.96
173 $468,224.96 $1,616.89 $0.00 $2,647.41 $472,489.26
174 $472,489.26 $1,616.89 $0.00 $2,671.52 $476,777.67
175 $476,777.67 $1,616.89 $0.00 $2,695.77 $481,090.33
176 $481,090.33 $1,616.89 $0.00 $2,720.15 $485,427.37
177 $485,427.37 $1,616.89 $0.00 $2,744.68 $489,788.94
178 $489,788.94 $1,616.89 $0.00 $2,769.34 $494,175.17
179 $494,175.17 $1,616.89 $0.00 $2,794.14 $498,586.20
180 $498,586.20 $1,616.89 $0.00 $2,819.08 $503,022.17
181 $503,022.17 $1,616.89 $0.00 $2,844.16 $507,483.22
182 $507,483.22 $1,616.89 $0.00 $2,869.38 $511,969.49
183 $511,969.49 $1,616.89 $0.00 $2,894.75 $516,481.13
184 $516,481.13 $1,616.89 $0.00 $2,920.26 $521,018.28
185 $521,018.28 $1,616.89 $0.00 $2,945.91 $525,581.08
186 $525,581.08 $1,616.89 $0.00 $2,971.71 $530,169.68
187 $530,169.68 $1,616.89 $0.00 $2,997.66 $534,784.23
188 $534,784.23 $1,616.89 $0.00 $3,023.75 $539,424.87
189 $539,424.87 $1,616.89 $0.00 $3,049.99 $544,091.75
190 $544,091.75 $1,616.89 $0.00 $3,076.37 $548,785.01
191 $548,785.01 $1,616.89 $0.00 $3,102.91 $553,504.81
192 $553,504.81 $1,616.89 $0.00 $3,129.60 $558,251.30
193 $558,251.30 $1,616.89 $0.00 $3,156.43 $563,024.62
194 $563,024.62 $1,616.89 $0.00 $3,183.42 $567,824.93
195 $567,824.93 $1,616.89 $0.00 $3,210.56 $572,652.38
196 $572,652.38 $1,616.89 $0.00 $3,237.86 $577,507.13
197 $577,507.13 $1,616.89 $0.00 $3,265.31 $582,389.33
198 $582,389.33 $1,616.89 $0.00 $3,292.91 $587,299.13
199 $587,299.13 $1,616.89 $0.00 $3,320.67 $592,236.69
200 $592,236.69 $1,616.89 $0.00 $3,348.59 $597,202.17
201 $597,202.17 $1,616.89 $0.00 $3,376.67 $602,195.73
202 $602,195.73 $1,616.89 $0.00 $3,404.90 $607,217.52
203 $607,217.52 $1,616.89 $0.00 $3,433.30 $612,267.71
204 $612,267.71 $1,616.89 $0.00 $3,461.85 $617,346.45
205 $617,346.45 $1,616.89 $0.00 $3,490.57 $622,453.91
206 $622,453.91 $1,616.89 $0.00 $3,519.44 $627,590.24
207 $627,590.24 $1,616.89 $0.00 $3,548.49 $632,755.62
208 $632,755.62 $1,616.89 $0.00 $3,577.69 $637,950.20
209 $637,950.20 $1,616.89 $0.00 $3,607.06 $643,174.15
210 $643,174.15 $1,616.89 $0.00 $3,636.60 $648,427.64
211 $648,427.64 $1,616.89 $0.00 $3,666.30 $653,710.83
212 $653,710.83 $1,616.89 $0.00 $3,696.18 $659,023.90
213 $659,023.90 $1,616.89 $0.00 $3,726.22 $664,367.01
214 $664,367.01 $1,616.89 $0.00 $3,756.43 $669,740.33
215 $669,740.33 $1,616.89 $0.00 $3,786.81 $675,144.03
216 $675,144.03 $1,616.89 $0.00 $3,817.36 $680,578.28
217 $680,578.28 $1,616.89 $184,314.47 $3,848.09 $501,728.79
218 $501,728.79 $1,616.89 $0.00 $2,836.85 $506,182.53
219 $506,182.53 $1,616.89 $0.00 $2,862.03 $510,661.45
220 $510,661.45 $1,616.89 $0.00 $2,887.35 $515,165.69
221 $515,165.69 $1,616.89 $0.00 $2,912.82 $519,695.40
222 $519,695.40 $1,616.89 $0.00 $2,938.43 $524,250.72
223 $524,250.72 $1,616.89 $0.00 $2,964.19 $528,831.80
224 $528,831.80 $1,616.89 $0.00 $2,990.09 $533,438.78
225 $533,438.78 $1,616.89 $0.00 $3,016.14 $538,071.81
226 $538,071.81 $1,616.89 $0.00 $3,042.34 $542,731.04
227 $542,731.04 $1,616.89 $0.00 $3,068.68 $547,416.61
228 $547,416.61 $1,616.89 $0.00 $3,095.17 $552,128.67
229 $552,128.67 $1,616.89 $197,216.48 $3,121.82 $359,650.90
230 $359,650.90 $1,616.89 $0.00 $2,033.52 $363,301.31
231 $363,301.31 $1,616.89 $0.00 $2,054.16 $366,972.36
232 $366,972.36 $1,616.89 $0.00 $2,074.92 $370,664.17
233 $370,664.17 $1,616.89 $0.00 $2,095.79 $374,376.85
234 $374,376.85 $1,616.89 $0.00 $2,116.78 $378,110.52
235 $378,110.52 $1,616.89 $0.00 $2,137.89 $381,865.30
236 $381,865.30 $1,616.89 $0.00 $2,159.12 $385,641.31
237 $385,641.31 $1,616.89 $0.00 $2,180.47 $389,438.67
238 $389,438.67 $1,616.89 $0.00 $2,201.94 $393,257.50
239 $393,257.50 $1,616.89 $0.00 $2,223.54 $397,097.93
240 $397,097.93 $1,616.89 $0.00 $2,245.25 $400,960.07
241 $400,960.07 $1,616.89 $211,021.63 $2,267.09 $193,822.42
242 $193,822.42 $1,616.89 $0.00 $1,095.90 $196,535.21
243 $196,535.21 $1,616.89 $0.00 $1,111.24 $199,263.34
244 $199,263.34 $1,616.89 $0.00 $1,126.66 $202,006.89
245 $202,006.89 $1,616.89 $0.00 $1,142.18 $204,765.96
246 $204,765.96 $1,616.89 $0.00 $1,157.78 $207,540.63
247 $207,540.63 $1,616.89 $0.00 $1,173.46 $210,330.98
248 $210,330.98 $1,616.89 $0.00 $1,189.24 $213,137.11
249 $213,137.11 $1,616.89 $0.00 $1,205.11 $215,959.11
250 $215,959.11 $1,616.89 $0.00 $1,221.06 $218,797.06
251 $218,797.06 $1,616.89 $0.00 $1,237.11 $221,651.06
252 $221,651.06 $1,616.89 $0.00 $1,253.25 $224,521.20
253 $224,521.20 $0.00 $225,793.15 $1,269.48 -$2.47