Savings Plan and Future Cost Estimation for Neumann University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$132,046
Monthly savings required$1,045

How much will it cost to send your child to Neumann University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $528,184.49 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,045.26 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$50,920.00
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 $1,045.26 $0.00 $0.00 $1,045.26
2 $1,045.26 $1,045.26 $0.00 $5.91 $2,096.43
3 $2,096.43 $1,045.26 $0.00 $11.85 $3,153.54
4 $3,153.54 $1,045.26 $0.00 $17.83 $4,216.63
5 $4,216.63 $1,045.26 $0.00 $23.84 $5,285.73
6 $5,285.73 $1,045.26 $0.00 $29.89 $6,360.88
7 $6,360.88 $1,045.26 $0.00 $35.97 $7,442.11
8 $7,442.11 $1,045.26 $0.00 $42.08 $8,529.45
9 $8,529.45 $1,045.26 $0.00 $48.23 $9,622.94
10 $9,622.94 $1,045.26 $0.00 $54.41 $10,722.61
11 $10,722.61 $1,045.26 $0.00 $60.63 $11,828.50
12 $11,828.50 $1,045.26 $0.00 $66.88 $12,940.64
13 $12,940.64 $1,045.26 $0.00 $73.17 $14,059.07
14 $14,059.07 $1,045.26 $0.00 $79.49 $15,183.82
15 $15,183.82 $1,045.26 $0.00 $85.85 $16,314.93
16 $16,314.93 $1,045.26 $0.00 $92.25 $17,452.44
17 $17,452.44 $1,045.26 $0.00 $98.68 $18,596.38
18 $18,596.38 $1,045.26 $0.00 $105.15 $19,746.79
19 $19,746.79 $1,045.26 $0.00 $111.65 $20,903.70
20 $20,903.70 $1,045.26 $0.00 $118.19 $22,067.15
21 $22,067.15 $1,045.26 $0.00 $124.77 $23,237.18
22 $23,237.18 $1,045.26 $0.00 $131.39 $24,413.83
23 $24,413.83 $1,045.26 $0.00 $138.04 $25,597.13
24 $25,597.13 $1,045.26 $0.00 $144.73 $26,787.12
25 $26,787.12 $1,045.26 $0.00 $151.46 $27,983.84
26 $27,983.84 $1,045.26 $0.00 $158.22 $29,187.32
27 $29,187.32 $1,045.26 $0.00 $165.03 $30,397.61
28 $30,397.61 $1,045.26 $0.00 $171.87 $31,614.74
29 $31,614.74 $1,045.26 $0.00 $178.75 $32,838.75
30 $32,838.75 $1,045.26 $0.00 $185.68 $34,069.69
31 $34,069.69 $1,045.26 $0.00 $192.63 $35,307.58
32 $35,307.58 $1,045.26 $0.00 $199.63 $36,552.47
33 $36,552.47 $1,045.26 $0.00 $206.67 $37,804.40
34 $37,804.40 $1,045.26 $0.00 $213.75 $39,063.41
35 $39,063.41 $1,045.26 $0.00 $220.87 $40,329.54
36 $40,329.54 $1,045.26 $0.00 $228.03 $41,602.83
37 $41,602.83 $1,045.26 $0.00 $235.23 $42,883.32
38 $42,883.32 $1,045.26 $0.00 $242.47 $44,171.05
39 $44,171.05 $1,045.26 $0.00 $249.75 $45,466.06
40 $45,466.06 $1,045.26 $0.00 $257.07 $46,768.39
41 $46,768.39 $1,045.26 $0.00 $264.44 $48,078.09
42 $48,078.09 $1,045.26 $0.00 $271.84 $49,395.19
43 $49,395.19 $1,045.26 $0.00 $279.29 $50,719.74
44 $50,719.74 $1,045.26 $0.00 $286.78 $52,051.78
45 $52,051.78 $1,045.26 $0.00 $294.31 $53,391.35
46 $53,391.35 $1,045.26 $0.00 $301.88 $54,738.49
47 $54,738.49 $1,045.26 $0.00 $309.50 $56,093.25
48 $56,093.25 $1,045.26 $0.00 $317.16 $57,455.67
49 $57,455.67 $1,045.26 $0.00 $324.86 $58,825.79
50 $58,825.79 $1,045.26 $0.00 $332.61 $60,203.66
51 $60,203.66 $1,045.26 $0.00 $340.40 $61,589.32
52 $61,589.32 $1,045.26 $0.00 $348.23 $62,982.81
53 $62,982.81 $1,045.26 $0.00 $356.11 $64,384.18
54 $64,384.18 $1,045.26 $0.00 $364.04 $65,793.48
55 $65,793.48 $1,045.26 $0.00 $372.01 $67,210.75
56 $67,210.75 $1,045.26 $0.00 $380.02 $68,636.03
57 $68,636.03 $1,045.26 $0.00 $388.08 $70,069.37
58 $70,069.37 $1,045.26 $0.00 $396.18 $71,510.81
59 $71,510.81 $1,045.26 $0.00 $404.33 $72,960.40
60 $72,960.40 $1,045.26 $0.00 $412.53 $74,418.19
61 $74,418.19 $1,045.26 $0.00 $420.77 $75,884.22
62 $75,884.22 $1,045.26 $0.00 $429.06 $77,358.54
63 $77,358.54 $1,045.26 $0.00 $437.40 $78,841.20
64 $78,841.20 $1,045.26 $0.00 $445.78 $80,332.24
65 $80,332.24 $1,045.26 $0.00 $454.21 $81,831.71
66 $81,831.71 $1,045.26 $0.00 $462.69 $83,339.66
67 $83,339.66 $1,045.26 $0.00 $471.21 $84,856.13
68 $84,856.13 $1,045.26 $0.00 $479.79 $86,381.18
69 $86,381.18 $1,045.26 $0.00 $488.41 $87,914.85
70 $87,914.85 $1,045.26 $0.00 $497.08 $89,457.19
71 $89,457.19 $1,045.26 $0.00 $505.80 $91,008.25
72 $91,008.25 $1,045.26 $0.00 $514.57 $92,568.08
73 $92,568.08 $1,045.26 $0.00 $523.39 $94,136.73
74 $94,136.73 $1,045.26 $0.00 $532.26 $95,714.25
75 $95,714.25 $1,045.26 $0.00 $541.18 $97,300.69
76 $97,300.69 $1,045.26 $0.00 $550.15 $98,896.10
77 $98,896.10 $1,045.26 $0.00 $559.17 $100,500.53
78 $100,500.53 $1,045.26 $0.00 $568.24 $102,114.03
79 $102,114.03 $1,045.26 $0.00 $577.37 $103,736.66
80 $103,736.66 $1,045.26 $0.00 $586.54 $105,368.46
81 $105,368.46 $1,045.26 $0.00 $595.77 $107,009.49
82 $107,009.49 $1,045.26 $0.00 $605.05 $108,659.80
83 $108,659.80 $1,045.26 $0.00 $614.38 $110,319.44
84 $110,319.44 $1,045.26 $0.00 $623.76 $111,988.46
85 $111,988.46 $1,045.26 $0.00 $633.20 $113,666.92
86 $113,666.92 $1,045.26 $0.00 $642.69 $115,354.87
87 $115,354.87 $1,045.26 $0.00 $652.23 $117,052.36
88 $117,052.36 $1,045.26 $0.00 $661.83 $118,759.45
89 $118,759.45 $1,045.26 $0.00 $671.48 $120,476.19
90 $120,476.19 $1,045.26 $0.00 $681.19 $122,202.64
91 $122,202.64 $1,045.26 $0.00 $690.95 $123,938.85
92 $123,938.85 $1,045.26 $0.00 $700.77 $125,684.88
93 $125,684.88 $1,045.26 $0.00 $710.64 $127,440.78
94 $127,440.78 $1,045.26 $0.00 $720.57 $129,206.61
95 $129,206.61 $1,045.26 $0.00 $730.55 $130,982.42
96 $130,982.42 $1,045.26 $0.00 $740.59 $132,768.27
97 $132,768.27 $1,045.26 $0.00 $750.69 $134,564.22
98 $134,564.22 $1,045.26 $0.00 $760.85 $136,370.33
99 $136,370.33 $1,045.26 $0.00 $771.06 $138,186.65
100 $138,186.65 $1,045.26 $0.00 $781.33 $140,013.24
101 $140,013.24 $1,045.26 $0.00 $791.66 $141,850.16
102 $141,850.16 $1,045.26 $0.00 $802.04 $143,697.46
103 $143,697.46 $1,045.26 $0.00 $812.49 $145,555.21
104 $145,555.21 $1,045.26 $0.00 $822.99 $147,423.46
105 $147,423.46 $1,045.26 $0.00 $833.55 $149,302.27
106 $149,302.27 $1,045.26 $0.00 $844.18 $151,191.71
107 $151,191.71 $1,045.26 $0.00 $854.86 $153,091.83
108 $153,091.83 $1,045.26 $0.00 $865.60 $155,002.69
109 $155,002.69 $1,045.26 $0.00 $876.41 $156,924.36
110 $156,924.36 $1,045.26 $0.00 $887.27 $158,856.89
111 $158,856.89 $1,045.26 $0.00 $898.20 $160,800.35
112 $160,800.35 $1,045.26 $0.00 $909.19 $162,754.80
113 $162,754.80 $1,045.26 $0.00 $920.24 $164,720.30
114 $164,720.30 $1,045.26 $0.00 $931.35 $166,696.91
115 $166,696.91 $1,045.26 $0.00 $942.53 $168,684.70
116 $168,684.70 $1,045.26 $0.00 $953.77 $170,683.73
117 $170,683.73 $1,045.26 $0.00 $965.07 $172,694.06
118 $172,694.06 $1,045.26 $0.00 $976.44 $174,715.76
119 $174,715.76 $1,045.26 $0.00 $987.87 $176,748.89
120 $176,748.89 $1,045.26 $0.00 $999.36 $178,793.51
121 $178,793.51 $1,045.26 $0.00 $1,010.92 $180,849.69
122 $180,849.69 $1,045.26 $0.00 $1,022.55 $182,917.50
123 $182,917.50 $1,045.26 $0.00 $1,034.24 $184,997.00
124 $184,997.00 $1,045.26 $0.00 $1,046.00 $187,088.26
125 $187,088.26 $1,045.26 $0.00 $1,057.82 $189,191.34
126 $189,191.34 $1,045.26 $0.00 $1,069.72 $191,306.32
127 $191,306.32 $1,045.26 $0.00 $1,081.67 $193,433.25
128 $193,433.25 $1,045.26 $0.00 $1,093.70 $195,572.21
129 $195,572.21 $1,045.26 $0.00 $1,105.79 $197,723.26
130 $197,723.26 $1,045.26 $0.00 $1,117.96 $199,886.48
131 $199,886.48 $1,045.26 $0.00 $1,130.19 $202,061.93
132 $202,061.93 $1,045.26 $0.00 $1,142.49 $204,249.68
133 $204,249.68 $1,045.26 $0.00 $1,154.86 $206,449.80
134 $206,449.80 $1,045.26 $0.00 $1,167.30 $208,662.36
135 $208,662.36 $1,045.26 $0.00 $1,179.81 $210,887.43
136 $210,887.43 $1,045.26 $0.00 $1,192.39 $213,125.08
137 $213,125.08 $1,045.26 $0.00 $1,205.04 $215,375.38
138 $215,375.38 $1,045.26 $0.00 $1,217.76 $217,638.40
139 $217,638.40 $1,045.26 $0.00 $1,230.56 $219,914.22
140 $219,914.22 $1,045.26 $0.00 $1,243.43 $222,202.91
141 $222,202.91 $1,045.26 $0.00 $1,256.37 $224,504.54
142 $224,504.54 $1,045.26 $0.00 $1,269.38 $226,819.18
143 $226,819.18 $1,045.26 $0.00 $1,282.47 $229,146.91
144 $229,146.91 $1,045.26 $0.00 $1,295.63 $231,487.80
145 $231,487.80 $1,045.26 $0.00 $1,308.87 $233,841.93
146 $233,841.93 $1,045.26 $0.00 $1,322.18 $236,209.37
147 $236,209.37 $1,045.26 $0.00 $1,335.56 $238,590.19
148 $238,590.19 $1,045.26 $0.00 $1,349.02 $240,984.47
149 $240,984.47 $1,045.26 $0.00 $1,362.56 $243,392.29
150 $243,392.29 $1,045.26 $0.00 $1,376.18 $245,813.73
151 $245,813.73 $1,045.26 $0.00 $1,389.87 $248,248.86
152 $248,248.86 $1,045.26 $0.00 $1,403.64 $250,697.76
153 $250,697.76 $1,045.26 $0.00 $1,417.48 $253,160.50
154 $253,160.50 $1,045.26 $0.00 $1,431.41 $255,637.17
155 $255,637.17 $1,045.26 $0.00 $1,445.41 $258,127.84
156 $258,127.84 $1,045.26 $0.00 $1,459.49 $260,632.59
157 $260,632.59 $1,045.26 $0.00 $1,473.65 $263,151.50
158 $263,151.50 $1,045.26 $0.00 $1,487.90 $265,684.66
159 $265,684.66 $1,045.26 $0.00 $1,502.22 $268,232.14
160 $268,232.14 $1,045.26 $0.00 $1,516.62 $270,794.02
161 $270,794.02 $1,045.26 $0.00 $1,531.11 $273,370.39
162 $273,370.39 $1,045.26 $0.00 $1,545.68 $275,961.33
163 $275,961.33 $1,045.26 $0.00 $1,560.33 $278,566.92
164 $278,566.92 $1,045.26 $0.00 $1,575.06 $281,187.24
165 $281,187.24 $1,045.26 $0.00 $1,589.87 $283,822.37
166 $283,822.37 $1,045.26 $0.00 $1,604.77 $286,472.40
167 $286,472.40 $1,045.26 $0.00 $1,619.76 $289,137.42
168 $289,137.42 $1,045.26 $0.00 $1,634.83 $291,817.51
169 $291,817.51 $1,045.26 $0.00 $1,649.98 $294,512.75
170 $294,512.75 $1,045.26 $0.00 $1,665.22 $297,223.23
171 $297,223.23 $1,045.26 $0.00 $1,680.54 $299,949.03
172 $299,949.03 $1,045.26 $0.00 $1,695.96 $302,690.25
173 $302,690.25 $1,045.26 $0.00 $1,711.45 $305,446.96
174 $305,446.96 $1,045.26 $0.00 $1,727.04 $308,219.26
175 $308,219.26 $1,045.26 $0.00 $1,742.72 $311,007.24
176 $311,007.24 $1,045.26 $0.00 $1,758.48 $313,810.98
177 $313,810.98 $1,045.26 $0.00 $1,774.33 $316,630.57
178 $316,630.57 $1,045.26 $0.00 $1,790.28 $319,466.11
179 $319,466.11 $1,045.26 $0.00 $1,806.31 $322,317.68
180 $322,317.68 $1,045.26 $0.00 $1,822.43 $325,185.37
181 $325,185.37 $1,045.26 $0.00 $1,838.65 $328,069.28
182 $328,069.28 $1,045.26 $0.00 $1,854.95 $330,969.49
183 $330,969.49 $1,045.26 $0.00 $1,871.35 $333,886.10
184 $333,886.10 $1,045.26 $0.00 $1,887.84 $336,819.20
185 $336,819.20 $1,045.26 $0.00 $1,904.42 $339,768.88
186 $339,768.88 $1,045.26 $0.00 $1,921.10 $342,735.24
187 $342,735.24 $1,045.26 $0.00 $1,937.87 $345,718.37
188 $345,718.37 $1,045.26 $0.00 $1,954.74 $348,718.37
189 $348,718.37 $1,045.26 $0.00 $1,971.70 $351,735.33
190 $351,735.33 $1,045.26 $0.00 $1,988.76 $354,769.35
191 $354,769.35 $1,045.26 $0.00 $2,005.92 $357,820.53
192 $357,820.53 $1,045.26 $0.00 $2,023.17 $360,888.96
193 $360,888.96 $1,045.26 $0.00 $2,040.52 $363,974.74
194 $363,974.74 $1,045.26 $0.00 $2,057.97 $367,077.97
195 $367,077.97 $1,045.26 $0.00 $2,075.51 $370,198.74
196 $370,198.74 $1,045.26 $0.00 $2,093.16 $373,337.16
197 $373,337.16 $1,045.26 $0.00 $2,110.90 $376,493.32
198 $376,493.32 $1,045.26 $0.00 $2,128.75 $379,667.33
199 $379,667.33 $1,045.26 $0.00 $2,146.69 $382,859.28
200 $382,859.28 $1,045.26 $0.00 $2,164.74 $386,069.28
201 $386,069.28 $1,045.26 $0.00 $2,182.89 $389,297.43
202 $389,297.43 $1,045.26 $0.00 $2,201.14 $392,543.83
203 $392,543.83 $1,045.26 $0.00 $2,219.50 $395,808.59
204 $395,808.59 $1,045.26 $0.00 $2,237.96 $399,091.81
205 $399,091.81 $1,045.26 $0.00 $2,256.52 $402,393.59
206 $402,393.59 $1,045.26 $0.00 $2,275.19 $405,714.04
207 $405,714.04 $1,045.26 $0.00 $2,293.97 $409,053.27
208 $409,053.27 $1,045.26 $0.00 $2,312.85 $412,411.38
209 $412,411.38 $1,045.26 $0.00 $2,331.83 $415,788.47
210 $415,788.47 $1,045.26 $0.00 $2,350.93 $419,184.66
211 $419,184.66 $1,045.26 $0.00 $2,370.13 $422,600.05
212 $422,600.05 $1,045.26 $0.00 $2,389.44 $426,034.75
213 $426,034.75 $1,045.26 $0.00 $2,408.86 $429,488.87
214 $429,488.87 $1,045.26 $0.00 $2,428.39 $432,962.52
215 $432,962.52 $1,045.26 $0.00 $2,448.03 $436,455.81
216 $436,455.81 $1,045.26 $0.00 $2,467.78 $439,968.85
217 $439,968.85 $1,045.26 $122,545.05 $2,487.65 $320,956.71
218 $320,956.71 $1,045.26 $0.00 $1,814.74 $323,816.71
219 $323,816.71 $1,045.26 $0.00 $1,830.91 $326,692.88
220 $326,692.88 $1,045.26 $0.00 $1,847.17 $329,585.31
221 $329,585.31 $1,045.26 $0.00 $1,863.52 $332,494.09
222 $332,494.09 $1,045.26 $0.00 $1,879.97 $335,419.32
223 $335,419.32 $1,045.26 $0.00 $1,896.51 $338,361.09
224 $338,361.09 $1,045.26 $0.00 $1,913.14 $341,319.49
225 $341,319.49 $1,045.26 $0.00 $1,929.87 $344,294.62
226 $344,294.62 $1,045.26 $0.00 $1,946.69 $347,286.57
227 $347,286.57 $1,045.26 $0.00 $1,963.61 $350,295.44
228 $350,295.44 $1,045.26 $0.00 $1,980.62 $353,321.32
229 $353,321.32 $1,045.26 $128,672.30 $1,997.73 $227,692.01
230 $227,692.01 $1,045.26 $0.00 $1,287.40 $230,024.67
231 $230,024.67 $1,045.26 $0.00 $1,300.59 $232,370.52
232 $232,370.52 $1,045.26 $0.00 $1,313.86 $234,729.64
233 $234,729.64 $1,045.26 $0.00 $1,327.20 $237,102.10
234 $237,102.10 $1,045.26 $0.00 $1,340.61 $239,487.97
235 $239,487.97 $1,045.26 $0.00 $1,354.10 $241,887.33
236 $241,887.33 $1,045.26 $0.00 $1,367.67 $244,300.26
237 $244,300.26 $1,045.26 $0.00 $1,381.31 $246,726.83
238 $246,726.83 $1,045.26 $0.00 $1,395.03 $249,167.12
239 $249,167.12 $1,045.26 $0.00 $1,408.83 $251,621.21
240 $251,621.21 $1,045.26 $0.00 $1,422.70 $254,089.17
241 $254,089.17 $1,045.26 $135,105.92 $1,436.66 $121,465.17
242 $121,465.17 $1,045.26 $0.00 $686.78 $123,197.21
243 $123,197.21 $1,045.26 $0.00 $696.57 $124,939.04
244 $124,939.04 $1,045.26 $0.00 $706.42 $126,690.72
245 $126,690.72 $1,045.26 $0.00 $716.33 $128,452.31
246 $128,452.31 $1,045.26 $0.00 $726.29 $130,223.86
247 $130,223.86 $1,045.26 $0.00 $736.30 $132,005.42
248 $132,005.42 $1,045.26 $0.00 $746.38 $133,797.06
249 $133,797.06 $1,045.26 $0.00 $756.51 $135,598.83
250 $135,598.83 $1,045.26 $0.00 $766.70 $137,410.79
251 $137,410.79 $1,045.26 $0.00 $776.94 $139,232.99
252 $139,232.99 $1,045.26 $0.00 $787.24 $141,065.49
253 $141,065.49 $0.00 $141,861.22 $797.60 $1.87