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 2042$212,608
Monthly savings required$1,680

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 $850,430.07 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,680.29 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$56,670.00
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 $1,680.29 $0.00 $0.00 $1,680.29
2 $1,680.29 $1,680.29 $0.00 $9.50 $3,370.08
3 $3,370.08 $1,680.29 $0.00 $19.05 $5,069.42
4 $5,069.42 $1,680.29 $0.00 $28.66 $6,778.37
5 $6,778.37 $1,680.29 $0.00 $38.33 $8,496.99
6 $8,496.99 $1,680.29 $0.00 $48.04 $10,225.32
7 $10,225.32 $1,680.29 $0.00 $57.82 $11,963.43
8 $11,963.43 $1,680.29 $0.00 $67.64 $13,711.36
9 $13,711.36 $1,680.29 $0.00 $77.53 $15,469.18
10 $15,469.18 $1,680.29 $0.00 $87.46 $17,236.93
11 $17,236.93 $1,680.29 $0.00 $97.46 $19,014.68
12 $19,014.68 $1,680.29 $0.00 $107.51 $20,802.48
13 $20,802.48 $1,680.29 $0.00 $117.62 $22,600.39
14 $22,600.39 $1,680.29 $0.00 $127.79 $24,408.47
15 $24,408.47 $1,680.29 $0.00 $138.01 $26,226.77
16 $26,226.77 $1,680.29 $0.00 $148.29 $28,055.35
17 $28,055.35 $1,680.29 $0.00 $158.63 $29,894.27
18 $29,894.27 $1,680.29 $0.00 $169.03 $31,743.59
19 $31,743.59 $1,680.29 $0.00 $179.48 $33,603.36
20 $33,603.36 $1,680.29 $0.00 $190.00 $35,473.65
21 $35,473.65 $1,680.29 $0.00 $200.57 $37,354.51
22 $37,354.51 $1,680.29 $0.00 $211.21 $39,246.01
23 $39,246.01 $1,680.29 $0.00 $221.90 $41,148.20
24 $41,148.20 $1,680.29 $0.00 $232.66 $43,061.15
25 $43,061.15 $1,680.29 $0.00 $243.47 $44,984.91
26 $44,984.91 $1,680.29 $0.00 $254.35 $46,919.55
27 $46,919.55 $1,680.29 $0.00 $265.29 $48,865.13
28 $48,865.13 $1,680.29 $0.00 $276.29 $50,821.71
29 $50,821.71 $1,680.29 $0.00 $287.35 $52,789.35
30 $52,789.35 $1,680.29 $0.00 $298.48 $54,768.12
31 $54,768.12 $1,680.29 $0.00 $309.67 $56,758.08
32 $56,758.08 $1,680.29 $0.00 $320.92 $58,759.29
33 $58,759.29 $1,680.29 $0.00 $332.23 $60,771.81
34 $60,771.81 $1,680.29 $0.00 $343.61 $62,795.71
35 $62,795.71 $1,680.29 $0.00 $355.06 $64,831.06
36 $64,831.06 $1,680.29 $0.00 $366.56 $66,877.91
37 $66,877.91 $1,680.29 $0.00 $378.14 $68,936.34
38 $68,936.34 $1,680.29 $0.00 $389.78 $71,006.41
39 $71,006.41 $1,680.29 $0.00 $401.48 $73,088.18
40 $73,088.18 $1,680.29 $0.00 $413.25 $75,181.72
41 $75,181.72 $1,680.29 $0.00 $425.09 $77,287.10
42 $77,287.10 $1,680.29 $0.00 $436.99 $79,404.38
43 $79,404.38 $1,680.29 $0.00 $448.96 $81,533.63
44 $81,533.63 $1,680.29 $0.00 $461.00 $83,674.92
45 $83,674.92 $1,680.29 $0.00 $473.11 $85,828.32
46 $85,828.32 $1,680.29 $0.00 $485.29 $87,993.90
47 $87,993.90 $1,680.29 $0.00 $497.53 $90,171.72
48 $90,171.72 $1,680.29 $0.00 $509.84 $92,361.85
49 $92,361.85 $1,680.29 $0.00 $522.23 $94,564.37
50 $94,564.37 $1,680.29 $0.00 $534.68 $96,779.34
51 $96,779.34 $1,680.29 $0.00 $547.20 $99,006.83
52 $99,006.83 $1,680.29 $0.00 $559.80 $101,246.92
53 $101,246.92 $1,680.29 $0.00 $572.46 $103,499.67
54 $103,499.67 $1,680.29 $0.00 $585.20 $105,765.16
55 $105,765.16 $1,680.29 $0.00 $598.01 $108,043.46
56 $108,043.46 $1,680.29 $0.00 $610.89 $110,334.64
57 $110,334.64 $1,680.29 $0.00 $623.85 $112,638.78
58 $112,638.78 $1,680.29 $0.00 $636.88 $114,955.95
59 $114,955.95 $1,680.29 $0.00 $649.98 $117,286.22
60 $117,286.22 $1,680.29 $0.00 $663.15 $119,629.66
61 $119,629.66 $1,680.29 $0.00 $676.40 $121,986.35
62 $121,986.35 $1,680.29 $0.00 $689.73 $124,356.37
63 $124,356.37 $1,680.29 $0.00 $703.13 $126,739.79
64 $126,739.79 $1,680.29 $0.00 $716.61 $129,136.69
65 $129,136.69 $1,680.29 $0.00 $730.16 $131,547.14
66 $131,547.14 $1,680.29 $0.00 $743.79 $133,971.22
67 $133,971.22 $1,680.29 $0.00 $757.49 $136,409.00
68 $136,409.00 $1,680.29 $0.00 $771.28 $138,860.57
69 $138,860.57 $1,680.29 $0.00 $785.14 $141,326.00
70 $141,326.00 $1,680.29 $0.00 $799.08 $143,805.37
71 $143,805.37 $1,680.29 $0.00 $813.10 $146,298.76
72 $146,298.76 $1,680.29 $0.00 $827.19 $148,806.24
73 $148,806.24 $1,680.29 $0.00 $841.37 $151,327.90
74 $151,327.90 $1,680.29 $0.00 $855.63 $153,863.82
75 $153,863.82 $1,680.29 $0.00 $869.97 $156,414.08
76 $156,414.08 $1,680.29 $0.00 $884.39 $158,978.76
77 $158,978.76 $1,680.29 $0.00 $898.89 $161,557.94
78 $161,557.94 $1,680.29 $0.00 $913.47 $164,151.70
79 $164,151.70 $1,680.29 $0.00 $928.14 $166,760.13
80 $166,760.13 $1,680.29 $0.00 $942.89 $169,383.31
81 $169,383.31 $1,680.29 $0.00 $957.72 $172,021.32
82 $172,021.32 $1,680.29 $0.00 $972.63 $174,674.24
83 $174,674.24 $1,680.29 $0.00 $987.63 $177,342.16
84 $177,342.16 $1,680.29 $0.00 $1,002.72 $180,025.17
85 $180,025.17 $1,680.29 $0.00 $1,017.89 $182,723.35
86 $182,723.35 $1,680.29 $0.00 $1,033.14 $185,436.78
87 $185,436.78 $1,680.29 $0.00 $1,048.49 $188,165.56
88 $188,165.56 $1,680.29 $0.00 $1,063.92 $190,909.77
89 $190,909.77 $1,680.29 $0.00 $1,079.43 $193,669.49
90 $193,669.49 $1,680.29 $0.00 $1,095.04 $196,444.82
91 $196,444.82 $1,680.29 $0.00 $1,110.73 $199,235.84
92 $199,235.84 $1,680.29 $0.00 $1,126.51 $202,042.64
93 $202,042.64 $1,680.29 $0.00 $1,142.38 $204,865.31
94 $204,865.31 $1,680.29 $0.00 $1,158.34 $207,703.94
95 $207,703.94 $1,680.29 $0.00 $1,174.39 $210,558.62
96 $210,558.62 $1,680.29 $0.00 $1,190.53 $213,429.44
97 $213,429.44 $1,680.29 $0.00 $1,206.76 $216,316.49
98 $216,316.49 $1,680.29 $0.00 $1,223.08 $219,219.86
99 $219,219.86 $1,680.29 $0.00 $1,239.50 $222,139.65
100 $222,139.65 $1,680.29 $0.00 $1,256.01 $225,075.95
101 $225,075.95 $1,680.29 $0.00 $1,272.61 $228,028.85
102 $228,028.85 $1,680.29 $0.00 $1,289.31 $230,998.45
103 $230,998.45 $1,680.29 $0.00 $1,306.10 $233,984.84
104 $233,984.84 $1,680.29 $0.00 $1,322.98 $236,988.11
105 $236,988.11 $1,680.29 $0.00 $1,339.97 $240,008.37
106 $240,008.37 $1,680.29 $0.00 $1,357.04 $243,045.70
107 $243,045.70 $1,680.29 $0.00 $1,374.22 $246,100.21
108 $246,100.21 $1,680.29 $0.00 $1,391.49 $249,171.99
109 $249,171.99 $1,680.29 $0.00 $1,408.85 $252,261.13
110 $252,261.13 $1,680.29 $0.00 $1,426.32 $255,367.74
111 $255,367.74 $1,680.29 $0.00 $1,443.89 $258,491.92
112 $258,491.92 $1,680.29 $0.00 $1,461.55 $261,633.76
113 $261,633.76 $1,680.29 $0.00 $1,479.32 $264,793.37
114 $264,793.37 $1,680.29 $0.00 $1,497.18 $267,970.84
115 $267,970.84 $1,680.29 $0.00 $1,515.15 $271,166.28
116 $271,166.28 $1,680.29 $0.00 $1,533.21 $274,379.78
117 $274,379.78 $1,680.29 $0.00 $1,551.38 $277,611.45
118 $277,611.45 $1,680.29 $0.00 $1,569.66 $280,861.40
119 $280,861.40 $1,680.29 $0.00 $1,588.03 $284,129.72
120 $284,129.72 $1,680.29 $0.00 $1,606.51 $287,416.52
121 $287,416.52 $1,680.29 $0.00 $1,625.09 $290,721.90
122 $290,721.90 $1,680.29 $0.00 $1,643.78 $294,045.97
123 $294,045.97 $1,680.29 $0.00 $1,662.58 $297,388.84
124 $297,388.84 $1,680.29 $0.00 $1,681.48 $300,750.61
125 $300,750.61 $1,680.29 $0.00 $1,700.49 $304,131.39
126 $304,131.39 $1,680.29 $0.00 $1,719.60 $307,531.28
127 $307,531.28 $1,680.29 $0.00 $1,738.83 $310,950.40
128 $310,950.40 $1,680.29 $0.00 $1,758.16 $314,388.85
129 $314,388.85 $1,680.29 $0.00 $1,777.60 $317,846.74
130 $317,846.74 $1,680.29 $0.00 $1,797.15 $321,324.18
131 $321,324.18 $1,680.29 $0.00 $1,816.81 $324,821.28
132 $324,821.28 $1,680.29 $0.00 $1,836.59 $328,338.16
133 $328,338.16 $1,680.29 $0.00 $1,856.47 $331,874.92
134 $331,874.92 $1,680.29 $0.00 $1,876.47 $335,431.68
135 $335,431.68 $1,680.29 $0.00 $1,896.58 $339,008.55
136 $339,008.55 $1,680.29 $0.00 $1,916.80 $342,605.64
137 $342,605.64 $1,680.29 $0.00 $1,937.14 $346,223.07
138 $346,223.07 $1,680.29 $0.00 $1,957.60 $349,860.96
139 $349,860.96 $1,680.29 $0.00 $1,978.16 $353,519.41
140 $353,519.41 $1,680.29 $0.00 $1,998.85 $357,198.55
141 $357,198.55 $1,680.29 $0.00 $2,019.65 $360,898.49
142 $360,898.49 $1,680.29 $0.00 $2,040.57 $364,619.35
143 $364,619.35 $1,680.29 $0.00 $2,061.61 $368,361.25
144 $368,361.25 $1,680.29 $0.00 $2,082.77 $372,124.31
145 $372,124.31 $1,680.29 $0.00 $2,104.04 $375,908.64
146 $375,908.64 $1,680.29 $0.00 $2,125.44 $379,714.37
147 $379,714.37 $1,680.29 $0.00 $2,146.96 $383,541.62
148 $383,541.62 $1,680.29 $0.00 $2,168.60 $387,390.51
149 $387,390.51 $1,680.29 $0.00 $2,190.36 $391,261.16
150 $391,261.16 $1,680.29 $0.00 $2,212.25 $395,153.70
151 $395,153.70 $1,680.29 $0.00 $2,234.26 $399,068.25
152 $399,068.25 $1,680.29 $0.00 $2,256.39 $403,004.93
153 $403,004.93 $1,680.29 $0.00 $2,278.65 $406,963.87
154 $406,963.87 $1,680.29 $0.00 $2,301.03 $410,945.19
155 $410,945.19 $1,680.29 $0.00 $2,323.54 $414,949.02
156 $414,949.02 $1,680.29 $0.00 $2,346.18 $418,975.49
157 $418,975.49 $1,680.29 $0.00 $2,368.95 $423,024.73
158 $423,024.73 $1,680.29 $0.00 $2,391.84 $427,096.86
159 $427,096.86 $1,680.29 $0.00 $2,414.87 $431,192.02
160 $431,192.02 $1,680.29 $0.00 $2,438.02 $435,310.33
161 $435,310.33 $1,680.29 $0.00 $2,461.31 $439,451.93
162 $439,451.93 $1,680.29 $0.00 $2,484.73 $443,616.95
163 $443,616.95 $1,680.29 $0.00 $2,508.27 $447,805.51
164 $447,805.51 $1,680.29 $0.00 $2,531.96 $452,017.76
165 $452,017.76 $1,680.29 $0.00 $2,555.77 $456,253.82
166 $456,253.82 $1,680.29 $0.00 $2,579.73 $460,513.84
167 $460,513.84 $1,680.29 $0.00 $2,603.81 $464,797.94
168 $464,797.94 $1,680.29 $0.00 $2,628.04 $469,106.27
169 $469,106.27 $1,680.29 $0.00 $2,652.40 $473,438.96
170 $473,438.96 $1,680.29 $0.00 $2,676.89 $477,796.14
171 $477,796.14 $1,680.29 $0.00 $2,701.53 $482,177.96
172 $482,177.96 $1,680.29 $0.00 $2,726.30 $486,584.55
173 $486,584.55 $1,680.29 $0.00 $2,751.22 $491,016.06
174 $491,016.06 $1,680.29 $0.00 $2,776.28 $495,472.63
175 $495,472.63 $1,680.29 $0.00 $2,801.47 $499,954.39
176 $499,954.39 $1,680.29 $0.00 $2,826.81 $504,461.49
177 $504,461.49 $1,680.29 $0.00 $2,852.30 $508,994.08
178 $508,994.08 $1,680.29 $0.00 $2,877.93 $513,552.30
179 $513,552.30 $1,680.29 $0.00 $2,903.70 $518,136.29
180 $518,136.29 $1,680.29 $0.00 $2,929.62 $522,746.20
181 $522,746.20 $1,680.29 $0.00 $2,955.68 $527,382.17
182 $527,382.17 $1,680.29 $0.00 $2,981.90 $532,044.36
183 $532,044.36 $1,680.29 $0.00 $3,008.26 $536,732.91
184 $536,732.91 $1,680.29 $0.00 $3,034.77 $541,447.97
185 $541,447.97 $1,680.29 $0.00 $3,061.43 $546,189.69
186 $546,189.69 $1,680.29 $0.00 $3,088.24 $550,958.22
187 $550,958.22 $1,680.29 $0.00 $3,115.20 $555,753.71
188 $555,753.71 $1,680.29 $0.00 $3,142.31 $560,576.31
189 $560,576.31 $1,680.29 $0.00 $3,169.58 $565,426.18
190 $565,426.18 $1,680.29 $0.00 $3,197.00 $570,303.47
191 $570,303.47 $1,680.29 $0.00 $3,224.58 $575,208.34
192 $575,208.34 $1,680.29 $0.00 $3,252.31 $580,140.94
193 $580,140.94 $1,680.29 $0.00 $3,280.20 $585,101.43
194 $585,101.43 $1,680.29 $0.00 $3,308.25 $590,089.97
195 $590,089.97 $1,680.29 $0.00 $3,336.45 $595,106.71
196 $595,106.71 $1,680.29 $0.00 $3,364.82 $600,151.82
197 $600,151.82 $1,680.29 $0.00 $3,393.35 $605,225.46
198 $605,225.46 $1,680.29 $0.00 $3,422.03 $610,327.78
199 $610,327.78 $1,680.29 $0.00 $3,450.88 $615,458.95
200 $615,458.95 $1,680.29 $0.00 $3,479.89 $620,619.13
201 $620,619.13 $1,680.29 $0.00 $3,509.07 $625,808.49
202 $625,808.49 $1,680.29 $0.00 $3,538.41 $631,027.19
203 $631,027.19 $1,680.29 $0.00 $3,567.92 $636,275.40
204 $636,275.40 $1,680.29 $0.00 $3,597.59 $641,553.28
205 $641,553.28 $1,680.29 $0.00 $3,627.44 $646,861.01
206 $646,861.01 $1,680.29 $0.00 $3,657.45 $652,198.75
207 $652,198.75 $1,680.29 $0.00 $3,687.63 $657,566.67
208 $657,566.67 $1,680.29 $0.00 $3,717.98 $662,964.94
209 $662,964.94 $1,680.29 $0.00 $3,748.50 $668,393.73
210 $668,393.73 $1,680.29 $0.00 $3,779.20 $673,853.22
211 $673,853.22 $1,680.29 $0.00 $3,810.06 $679,343.57
212 $679,343.57 $1,680.29 $0.00 $3,841.11 $684,864.97
213 $684,864.97 $1,680.29 $0.00 $3,872.33 $690,417.59
214 $690,417.59 $1,680.29 $0.00 $3,903.72 $696,001.60
215 $696,001.60 $1,680.29 $0.00 $3,935.29 $701,617.18
216 $701,617.18 $1,680.29 $0.00 $3,967.05 $707,264.52
217 $707,264.52 $1,680.29 $191,540.76 $3,998.98 $521,403.03
218 $521,403.03 $1,680.29 $0.00 $2,948.09 $526,031.41
219 $526,031.41 $1,680.29 $0.00 $2,974.26 $530,685.96
220 $530,685.96 $1,680.29 $0.00 $3,000.58 $535,366.83
221 $535,366.83 $1,680.29 $0.00 $3,027.04 $540,074.16
222 $540,074.16 $1,680.29 $0.00 $3,053.66 $544,808.11
223 $544,808.11 $1,680.29 $0.00 $3,080.42 $549,568.82
224 $549,568.82 $1,680.29 $0.00 $3,107.34 $554,356.45
225 $554,356.45 $1,680.29 $0.00 $3,134.41 $559,171.15
226 $559,171.15 $1,680.29 $0.00 $3,161.63 $564,013.07
227 $564,013.07 $1,680.29 $0.00 $3,189.01 $568,882.37
228 $568,882.37 $1,680.29 $0.00 $3,216.54 $573,779.20
229 $573,779.20 $1,680.29 $204,948.62 $3,244.23 $373,755.10
230 $373,755.10 $1,680.29 $0.00 $2,113.27 $377,548.66
231 $377,548.66 $1,680.29 $0.00 $2,134.72 $381,363.67
232 $381,363.67 $1,680.29 $0.00 $2,156.29 $385,200.25
233 $385,200.25 $1,680.29 $0.00 $2,177.98 $389,058.52
234 $389,058.52 $1,680.29 $0.00 $2,199.79 $392,938.60
235 $392,938.60 $1,680.29 $0.00 $2,221.73 $396,840.62
236 $396,840.62 $1,680.29 $0.00 $2,243.79 $400,764.70
237 $400,764.70 $1,680.29 $0.00 $2,265.98 $404,710.97
238 $404,710.97 $1,680.29 $0.00 $2,288.29 $408,679.55
239 $408,679.55 $1,680.29 $0.00 $2,310.73 $412,670.57
240 $412,670.57 $1,680.29 $0.00 $2,333.30 $416,684.16
241 $416,684.16 $1,680.29 $219,295.02 $2,355.99 $201,425.42
242 $201,425.42 $1,680.29 $0.00 $1,138.89 $204,244.60
243 $204,244.60 $1,680.29 $0.00 $1,154.83 $207,079.72
244 $207,079.72 $1,680.29 $0.00 $1,170.86 $209,930.87
245 $209,930.87 $1,680.29 $0.00 $1,186.98 $212,798.14
246 $212,798.14 $1,680.29 $0.00 $1,203.19 $215,681.62
247 $215,681.62 $1,680.29 $0.00 $1,219.50 $218,581.41
248 $218,581.41 $1,680.29 $0.00 $1,235.89 $221,497.59
249 $221,497.59 $1,680.29 $0.00 $1,252.38 $224,430.26
250 $224,430.26 $1,680.29 $0.00 $1,268.96 $227,379.51
251 $227,379.51 $1,680.29 $0.00 $1,285.64 $230,345.44
252 $230,345.44 $1,680.29 $0.00 $1,302.41 $233,328.14
253 $233,328.14 $0.00 $234,645.67 $1,319.27 $1.74