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 2040$133,226
Monthly savings required$1,055

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 $532,904.13 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,054.60 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$51,375.00
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 $1,054.60 $0.00 $0.00 $1,054.60
2 $1,054.60 $1,054.60 $0.00 $5.96 $2,115.16
3 $2,115.16 $1,054.60 $0.00 $11.96 $3,181.72
4 $3,181.72 $1,054.60 $0.00 $17.99 $4,254.31
5 $4,254.31 $1,054.60 $0.00 $24.05 $5,332.96
6 $5,332.96 $1,054.60 $0.00 $30.15 $6,417.71
7 $6,417.71 $1,054.60 $0.00 $36.29 $7,508.60
8 $7,508.60 $1,054.60 $0.00 $42.45 $8,605.65
9 $8,605.65 $1,054.60 $0.00 $48.66 $9,708.91
10 $9,708.91 $1,054.60 $0.00 $54.90 $10,818.41
11 $10,818.41 $1,054.60 $0.00 $61.17 $11,934.18
12 $11,934.18 $1,054.60 $0.00 $67.48 $13,056.26
13 $13,056.26 $1,054.60 $0.00 $73.82 $14,184.68
14 $14,184.68 $1,054.60 $0.00 $80.20 $15,319.48
15 $15,319.48 $1,054.60 $0.00 $86.62 $16,460.70
16 $16,460.70 $1,054.60 $0.00 $93.07 $17,608.37
17 $17,608.37 $1,054.60 $0.00 $99.56 $18,762.53
18 $18,762.53 $1,054.60 $0.00 $106.09 $19,923.22
19 $19,923.22 $1,054.60 $0.00 $112.65 $21,090.47
20 $21,090.47 $1,054.60 $0.00 $119.25 $22,264.32
21 $22,264.32 $1,054.60 $0.00 $125.89 $23,444.81
22 $23,444.81 $1,054.60 $0.00 $132.56 $24,631.97
23 $24,631.97 $1,054.60 $0.00 $139.27 $25,825.84
24 $25,825.84 $1,054.60 $0.00 $146.02 $27,026.46
25 $27,026.46 $1,054.60 $0.00 $152.81 $28,233.87
26 $28,233.87 $1,054.60 $0.00 $159.64 $29,448.11
27 $29,448.11 $1,054.60 $0.00 $166.50 $30,669.21
28 $30,669.21 $1,054.60 $0.00 $173.41 $31,897.22
29 $31,897.22 $1,054.60 $0.00 $180.35 $33,132.17
30 $33,132.17 $1,054.60 $0.00 $187.33 $34,374.10
31 $34,374.10 $1,054.60 $0.00 $194.36 $35,623.06
32 $35,623.06 $1,054.60 $0.00 $201.42 $36,879.08
33 $36,879.08 $1,054.60 $0.00 $208.52 $38,142.20
34 $38,142.20 $1,054.60 $0.00 $215.66 $39,412.46
35 $39,412.46 $1,054.60 $0.00 $222.84 $40,689.90
36 $40,689.90 $1,054.60 $0.00 $230.07 $41,974.57
37 $41,974.57 $1,054.60 $0.00 $237.33 $43,266.50
38 $43,266.50 $1,054.60 $0.00 $244.64 $44,565.74
39 $44,565.74 $1,054.60 $0.00 $251.98 $45,872.32
40 $45,872.32 $1,054.60 $0.00 $259.37 $47,186.29
41 $47,186.29 $1,054.60 $0.00 $266.80 $48,507.69
42 $48,507.69 $1,054.60 $0.00 $274.27 $49,836.56
43 $49,836.56 $1,054.60 $0.00 $281.78 $51,172.94
44 $51,172.94 $1,054.60 $0.00 $289.34 $52,516.88
45 $52,516.88 $1,054.60 $0.00 $296.94 $53,868.42
46 $53,868.42 $1,054.60 $0.00 $304.58 $55,227.60
47 $55,227.60 $1,054.60 $0.00 $312.26 $56,594.46
48 $56,594.46 $1,054.60 $0.00 $319.99 $57,969.05
49 $57,969.05 $1,054.60 $0.00 $327.77 $59,351.42
50 $59,351.42 $1,054.60 $0.00 $335.58 $60,741.60
51 $60,741.60 $1,054.60 $0.00 $343.44 $62,139.64
52 $62,139.64 $1,054.60 $0.00 $351.35 $63,545.59
53 $63,545.59 $1,054.60 $0.00 $359.30 $64,959.49
54 $64,959.49 $1,054.60 $0.00 $367.29 $66,381.38
55 $66,381.38 $1,054.60 $0.00 $375.33 $67,811.31
56 $67,811.31 $1,054.60 $0.00 $383.42 $69,249.33
57 $69,249.33 $1,054.60 $0.00 $391.55 $70,695.48
58 $70,695.48 $1,054.60 $0.00 $399.72 $72,149.80
59 $72,149.80 $1,054.60 $0.00 $407.95 $73,612.35
60 $73,612.35 $1,054.60 $0.00 $416.21 $75,083.16
61 $75,083.16 $1,054.60 $0.00 $424.53 $76,562.29
62 $76,562.29 $1,054.60 $0.00 $432.89 $78,049.78
63 $78,049.78 $1,054.60 $0.00 $441.30 $79,545.68
64 $79,545.68 $1,054.60 $0.00 $449.76 $81,050.04
65 $81,050.04 $1,054.60 $0.00 $458.27 $82,562.91
66 $82,562.91 $1,054.60 $0.00 $466.82 $84,084.33
67 $84,084.33 $1,054.60 $0.00 $475.43 $85,614.36
68 $85,614.36 $1,054.60 $0.00 $484.08 $87,153.04
69 $87,153.04 $1,054.60 $0.00 $492.78 $88,700.42
70 $88,700.42 $1,054.60 $0.00 $501.53 $90,256.55
71 $90,256.55 $1,054.60 $0.00 $510.32 $91,821.47
72 $91,821.47 $1,054.60 $0.00 $519.17 $93,395.24
73 $93,395.24 $1,054.60 $0.00 $528.07 $94,977.91
74 $94,977.91 $1,054.60 $0.00 $537.02 $96,569.53
75 $96,569.53 $1,054.60 $0.00 $546.02 $98,170.15
76 $98,170.15 $1,054.60 $0.00 $555.07 $99,779.82
77 $99,779.82 $1,054.60 $0.00 $564.17 $101,398.59
78 $101,398.59 $1,054.60 $0.00 $573.32 $103,026.51
79 $103,026.51 $1,054.60 $0.00 $582.53 $104,663.64
80 $104,663.64 $1,054.60 $0.00 $591.78 $106,310.02
81 $106,310.02 $1,054.60 $0.00 $601.09 $107,965.71
82 $107,965.71 $1,054.60 $0.00 $610.45 $109,630.76
83 $109,630.76 $1,054.60 $0.00 $619.87 $111,305.23
84 $111,305.23 $1,054.60 $0.00 $629.34 $112,989.17
85 $112,989.17 $1,054.60 $0.00 $638.86 $114,682.63
86 $114,682.63 $1,054.60 $0.00 $648.43 $116,385.66
87 $116,385.66 $1,054.60 $0.00 $658.06 $118,098.32
88 $118,098.32 $1,054.60 $0.00 $667.75 $119,820.67
89 $119,820.67 $1,054.60 $0.00 $677.48 $121,552.75
90 $121,552.75 $1,054.60 $0.00 $687.28 $123,294.63
91 $123,294.63 $1,054.60 $0.00 $697.13 $125,046.36
92 $125,046.36 $1,054.60 $0.00 $707.03 $126,807.99
93 $126,807.99 $1,054.60 $0.00 $716.99 $128,579.58
94 $128,579.58 $1,054.60 $0.00 $727.01 $130,361.19
95 $130,361.19 $1,054.60 $0.00 $737.08 $132,152.87
96 $132,152.87 $1,054.60 $0.00 $747.21 $133,954.68
97 $133,954.68 $1,054.60 $0.00 $757.40 $135,766.68
98 $135,766.68 $1,054.60 $0.00 $767.64 $137,588.92
99 $137,588.92 $1,054.60 $0.00 $777.95 $139,421.47
100 $139,421.47 $1,054.60 $0.00 $788.31 $141,264.38
101 $141,264.38 $1,054.60 $0.00 $798.73 $143,117.71
102 $143,117.71 $1,054.60 $0.00 $809.21 $144,981.52
103 $144,981.52 $1,054.60 $0.00 $819.75 $146,855.87
104 $146,855.87 $1,054.60 $0.00 $830.34 $148,740.81
105 $148,740.81 $1,054.60 $0.00 $841.00 $150,636.41
106 $150,636.41 $1,054.60 $0.00 $851.72 $152,542.73
107 $152,542.73 $1,054.60 $0.00 $862.50 $154,459.83
108 $154,459.83 $1,054.60 $0.00 $873.34 $156,387.77
109 $156,387.77 $1,054.60 $0.00 $884.24 $158,326.61
110 $158,326.61 $1,054.60 $0.00 $895.20 $160,276.41
111 $160,276.41 $1,054.60 $0.00 $906.23 $162,237.24
112 $162,237.24 $1,054.60 $0.00 $917.31 $164,209.15
113 $164,209.15 $1,054.60 $0.00 $928.46 $166,192.21
114 $166,192.21 $1,054.60 $0.00 $939.67 $168,186.48
115 $168,186.48 $1,054.60 $0.00 $950.95 $170,192.03
116 $170,192.03 $1,054.60 $0.00 $962.29 $172,208.92
117 $172,208.92 $1,054.60 $0.00 $973.69 $174,237.21
118 $174,237.21 $1,054.60 $0.00 $985.16 $176,276.97
119 $176,276.97 $1,054.60 $0.00 $996.70 $178,328.27
120 $178,328.27 $1,054.60 $0.00 $1,008.29 $180,391.16
121 $180,391.16 $1,054.60 $0.00 $1,019.96 $182,465.72
122 $182,465.72 $1,054.60 $0.00 $1,031.69 $184,552.01
123 $184,552.01 $1,054.60 $0.00 $1,043.48 $186,650.09
124 $186,650.09 $1,054.60 $0.00 $1,055.35 $188,760.04
125 $188,760.04 $1,054.60 $0.00 $1,067.28 $190,881.92
126 $190,881.92 $1,054.60 $0.00 $1,079.27 $193,015.79
127 $193,015.79 $1,054.60 $0.00 $1,091.34 $195,161.73
128 $195,161.73 $1,054.60 $0.00 $1,103.47 $197,319.80
129 $197,319.80 $1,054.60 $0.00 $1,115.67 $199,490.07
130 $199,490.07 $1,054.60 $0.00 $1,127.95 $201,672.62
131 $201,672.62 $1,054.60 $0.00 $1,140.29 $203,867.51
132 $203,867.51 $1,054.60 $0.00 $1,152.70 $206,074.81
133 $206,074.81 $1,054.60 $0.00 $1,165.18 $208,294.59
134 $208,294.59 $1,054.60 $0.00 $1,177.73 $210,526.92
135 $210,526.92 $1,054.60 $0.00 $1,190.35 $212,771.87
136 $212,771.87 $1,054.60 $0.00 $1,203.04 $215,029.51
137 $215,029.51 $1,054.60 $0.00 $1,215.81 $217,299.92
138 $217,299.92 $1,054.60 $0.00 $1,228.65 $219,583.17
139 $219,583.17 $1,054.60 $0.00 $1,241.56 $221,879.33
140 $221,879.33 $1,054.60 $0.00 $1,254.54 $224,188.47
141 $224,188.47 $1,054.60 $0.00 $1,267.59 $226,510.66
142 $226,510.66 $1,054.60 $0.00 $1,280.72 $228,845.98
143 $228,845.98 $1,054.60 $0.00 $1,293.93 $231,194.51
144 $231,194.51 $1,054.60 $0.00 $1,307.21 $233,556.32
145 $233,556.32 $1,054.60 $0.00 $1,320.56 $235,931.48
146 $235,931.48 $1,054.60 $0.00 $1,333.99 $238,320.07
147 $238,320.07 $1,054.60 $0.00 $1,347.50 $240,722.17
148 $240,722.17 $1,054.60 $0.00 $1,361.08 $243,137.85
149 $243,137.85 $1,054.60 $0.00 $1,374.74 $245,567.19
150 $245,567.19 $1,054.60 $0.00 $1,388.47 $248,010.26
151 $248,010.26 $1,054.60 $0.00 $1,402.29 $250,467.15
152 $250,467.15 $1,054.60 $0.00 $1,416.18 $252,937.93
153 $252,937.93 $1,054.60 $0.00 $1,430.15 $255,422.68
154 $255,422.68 $1,054.60 $0.00 $1,444.20 $257,921.48
155 $257,921.48 $1,054.60 $0.00 $1,458.33 $260,434.41
156 $260,434.41 $1,054.60 $0.00 $1,472.53 $262,961.54
157 $262,961.54 $1,054.60 $0.00 $1,486.82 $265,502.96
158 $265,502.96 $1,054.60 $0.00 $1,501.19 $268,058.75
159 $268,058.75 $1,054.60 $0.00 $1,515.64 $270,628.99
160 $270,628.99 $1,054.60 $0.00 $1,530.18 $273,213.77
161 $273,213.77 $1,054.60 $0.00 $1,544.79 $275,813.16
162 $275,813.16 $1,054.60 $0.00 $1,559.49 $278,427.25
163 $278,427.25 $1,054.60 $0.00 $1,574.27 $281,056.12
164 $281,056.12 $1,054.60 $0.00 $1,589.13 $283,699.85
165 $283,699.85 $1,054.60 $0.00 $1,604.08 $286,358.53
166 $286,358.53 $1,054.60 $0.00 $1,619.11 $289,032.24
167 $289,032.24 $1,054.60 $0.00 $1,634.23 $291,721.07
168 $291,721.07 $1,054.60 $0.00 $1,649.43 $294,425.10
169 $294,425.10 $1,054.60 $0.00 $1,664.72 $297,144.42
170 $297,144.42 $1,054.60 $0.00 $1,680.10 $299,879.12
171 $299,879.12 $1,054.60 $0.00 $1,695.56 $302,629.28
172 $302,629.28 $1,054.60 $0.00 $1,711.11 $305,394.99
173 $305,394.99 $1,054.60 $0.00 $1,726.75 $308,176.34
174 $308,176.34 $1,054.60 $0.00 $1,742.47 $310,973.41
175 $310,973.41 $1,054.60 $0.00 $1,758.29 $313,786.30
176 $313,786.30 $1,054.60 $0.00 $1,774.19 $316,615.09
177 $316,615.09 $1,054.60 $0.00 $1,790.19 $319,459.88
178 $319,459.88 $1,054.60 $0.00 $1,806.27 $322,320.75
179 $322,320.75 $1,054.60 $0.00 $1,822.45 $325,197.80
180 $325,197.80 $1,054.60 $0.00 $1,838.72 $328,091.12
181 $328,091.12 $1,054.60 $0.00 $1,855.07 $331,000.79
182 $331,000.79 $1,054.60 $0.00 $1,871.53 $333,926.92
183 $333,926.92 $1,054.60 $0.00 $1,888.07 $336,869.59
184 $336,869.59 $1,054.60 $0.00 $1,904.71 $339,828.90
185 $339,828.90 $1,054.60 $0.00 $1,921.44 $342,804.94
186 $342,804.94 $1,054.60 $0.00 $1,938.27 $345,797.81
187 $345,797.81 $1,054.60 $0.00 $1,955.19 $348,807.60
188 $348,807.60 $1,054.60 $0.00 $1,972.21 $351,834.41
189 $351,834.41 $1,054.60 $0.00 $1,989.32 $354,878.33
190 $354,878.33 $1,054.60 $0.00 $2,006.53 $357,939.46
191 $357,939.46 $1,054.60 $0.00 $2,023.84 $361,017.90
192 $361,017.90 $1,054.60 $0.00 $2,041.25 $364,113.75
193 $364,113.75 $1,054.60 $0.00 $2,058.75 $367,227.10
194 $367,227.10 $1,054.60 $0.00 $2,076.36 $370,358.06
195 $370,358.06 $1,054.60 $0.00 $2,094.06 $373,506.72
196 $373,506.72 $1,054.60 $0.00 $2,111.86 $376,673.18
197 $376,673.18 $1,054.60 $0.00 $2,129.76 $379,857.54
198 $379,857.54 $1,054.60 $0.00 $2,147.77 $383,059.91
199 $383,059.91 $1,054.60 $0.00 $2,165.88 $386,280.39
200 $386,280.39 $1,054.60 $0.00 $2,184.09 $389,519.08
201 $389,519.08 $1,054.60 $0.00 $2,202.40 $392,776.08
202 $392,776.08 $1,054.60 $0.00 $2,220.81 $396,051.49
203 $396,051.49 $1,054.60 $0.00 $2,239.33 $399,345.42
204 $399,345.42 $1,054.60 $0.00 $2,257.96 $402,657.98
205 $402,657.98 $1,054.60 $0.00 $2,276.69 $405,989.27
206 $405,989.27 $1,054.60 $0.00 $2,295.52 $409,339.39
207 $409,339.39 $1,054.60 $0.00 $2,314.46 $412,708.45
208 $412,708.45 $1,054.60 $0.00 $2,333.51 $416,096.56
209 $416,096.56 $1,054.60 $0.00 $2,352.67 $419,503.83
210 $419,503.83 $1,054.60 $0.00 $2,371.94 $422,930.37
211 $422,930.37 $1,054.60 $0.00 $2,391.31 $426,376.28
212 $426,376.28 $1,054.60 $0.00 $2,410.79 $429,841.67
213 $429,841.67 $1,054.60 $0.00 $2,430.39 $433,326.66
214 $433,326.66 $1,054.60 $0.00 $2,450.09 $436,831.35
215 $436,831.35 $1,054.60 $0.00 $2,469.91 $440,355.86
216 $440,355.86 $1,054.60 $0.00 $2,489.84 $443,900.30
217 $443,900.30 $1,054.60 $123,640.06 $2,509.88 $323,824.72
218 $323,824.72 $1,054.60 $0.00 $1,830.95 $326,710.27
219 $326,710.27 $1,054.60 $0.00 $1,847.27 $329,612.14
220 $329,612.14 $1,054.60 $0.00 $1,863.67 $332,530.41
221 $332,530.41 $1,054.60 $0.00 $1,880.18 $335,465.19
222 $335,465.19 $1,054.60 $0.00 $1,896.77 $338,416.56
223 $338,416.56 $1,054.60 $0.00 $1,913.46 $341,384.62
224 $341,384.62 $1,054.60 $0.00 $1,930.24 $344,369.46
225 $344,369.46 $1,054.60 $0.00 $1,947.11 $347,371.17
226 $347,371.17 $1,054.60 $0.00 $1,964.09 $350,389.86
227 $350,389.86 $1,054.60 $0.00 $1,981.16 $353,425.62
228 $353,425.62 $1,054.60 $0.00 $1,998.32 $356,478.54
229 $356,478.54 $1,054.60 $129,822.07 $2,015.58 $229,726.65
230 $229,726.65 $1,054.60 $0.00 $1,298.91 $232,080.16
231 $232,080.16 $1,054.60 $0.00 $1,312.21 $234,446.97
232 $234,446.97 $1,054.60 $0.00 $1,325.60 $236,827.17
233 $236,827.17 $1,054.60 $0.00 $1,339.06 $239,220.83
234 $239,220.83 $1,054.60 $0.00 $1,352.59 $241,628.02
235 $241,628.02 $1,054.60 $0.00 $1,366.20 $244,048.82
236 $244,048.82 $1,054.60 $0.00 $1,379.89 $246,483.31
237 $246,483.31 $1,054.60 $0.00 $1,393.65 $248,931.56
238 $248,931.56 $1,054.60 $0.00 $1,407.50 $251,393.66
239 $251,393.66 $1,054.60 $0.00 $1,421.42 $253,869.68
240 $253,869.68 $1,054.60 $0.00 $1,435.42 $256,359.70
241 $256,359.70 $1,054.60 $136,313.17 $1,449.50 $122,550.63
242 $122,550.63 $1,054.60 $0.00 $692.92 $124,298.15
243 $124,298.15 $1,054.60 $0.00 $702.80 $126,055.55
244 $126,055.55 $1,054.60 $0.00 $712.74 $127,822.89
245 $127,822.89 $1,054.60 $0.00 $722.73 $129,600.22
246 $129,600.22 $1,054.60 $0.00 $732.78 $131,387.60
247 $131,387.60 $1,054.60 $0.00 $742.88 $133,185.08
248 $133,185.08 $1,054.60 $0.00 $753.05 $134,992.73
249 $134,992.73 $1,054.60 $0.00 $763.27 $136,810.60
250 $136,810.60 $1,054.60 $0.00 $773.55 $138,638.75
251 $138,638.75 $1,054.60 $0.00 $783.88 $140,477.23
252 $140,477.23 $1,054.60 $0.00 $794.28 $142,326.11
253 $142,326.11 $0.00 $143,128.83 $804.73 $2.01