Savings Plan and Future Cost Estimation for Augustana University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$200,302
Monthly savings required$1,583

How much will it cost to send your child to Augustana University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $801,208.07 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,583.04 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$53,390.00
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 $1,583.04 $0.00 $0.00 $1,583.04
2 $1,583.04 $1,583.04 $0.00 $8.95 $3,175.03
3 $3,175.03 $1,583.04 $0.00 $17.95 $4,776.02
4 $4,776.02 $1,583.04 $0.00 $27.00 $6,386.06
5 $6,386.06 $1,583.04 $0.00 $36.11 $8,005.21
6 $8,005.21 $1,583.04 $0.00 $45.26 $9,633.51
7 $9,633.51 $1,583.04 $0.00 $54.47 $11,271.02
8 $11,271.02 $1,583.04 $0.00 $63.73 $12,917.79
9 $12,917.79 $1,583.04 $0.00 $73.04 $14,573.87
10 $14,573.87 $1,583.04 $0.00 $82.40 $16,239.31
11 $16,239.31 $1,583.04 $0.00 $91.82 $17,914.17
12 $17,914.17 $1,583.04 $0.00 $101.29 $19,598.50
13 $19,598.50 $1,583.04 $0.00 $110.81 $21,292.35
14 $21,292.35 $1,583.04 $0.00 $120.39 $22,995.78
15 $22,995.78 $1,583.04 $0.00 $130.02 $24,708.84
16 $24,708.84 $1,583.04 $0.00 $139.71 $26,431.59
17 $26,431.59 $1,583.04 $0.00 $149.45 $28,164.08
18 $28,164.08 $1,583.04 $0.00 $159.24 $29,906.36
19 $29,906.36 $1,583.04 $0.00 $169.09 $31,658.49
20 $31,658.49 $1,583.04 $0.00 $179.00 $33,420.53
21 $33,420.53 $1,583.04 $0.00 $188.96 $35,192.53
22 $35,192.53 $1,583.04 $0.00 $198.98 $36,974.55
23 $36,974.55 $1,583.04 $0.00 $209.06 $38,766.65
24 $38,766.65 $1,583.04 $0.00 $219.19 $40,568.88
25 $40,568.88 $1,583.04 $0.00 $229.38 $42,381.30
26 $42,381.30 $1,583.04 $0.00 $239.63 $44,203.97
27 $44,203.97 $1,583.04 $0.00 $249.94 $46,036.95
28 $46,036.95 $1,583.04 $0.00 $260.30 $47,880.29
29 $47,880.29 $1,583.04 $0.00 $270.72 $49,734.05
30 $49,734.05 $1,583.04 $0.00 $281.20 $51,598.29
31 $51,598.29 $1,583.04 $0.00 $291.74 $53,473.07
32 $53,473.07 $1,583.04 $0.00 $302.34 $55,358.45
33 $55,358.45 $1,583.04 $0.00 $313.00 $57,254.49
34 $57,254.49 $1,583.04 $0.00 $323.73 $59,161.26
35 $59,161.26 $1,583.04 $0.00 $334.51 $61,078.81
36 $61,078.81 $1,583.04 $0.00 $345.35 $63,007.20
37 $63,007.20 $1,583.04 $0.00 $356.25 $64,946.49
38 $64,946.49 $1,583.04 $0.00 $367.22 $66,896.75
39 $66,896.75 $1,583.04 $0.00 $378.24 $68,858.03
40 $68,858.03 $1,583.04 $0.00 $389.33 $70,830.40
41 $70,830.40 $1,583.04 $0.00 $400.49 $72,813.93
42 $72,813.93 $1,583.04 $0.00 $411.70 $74,808.67
43 $74,808.67 $1,583.04 $0.00 $422.98 $76,814.69
44 $76,814.69 $1,583.04 $0.00 $434.32 $78,832.05
45 $78,832.05 $1,583.04 $0.00 $445.73 $80,860.82
46 $80,860.82 $1,583.04 $0.00 $457.20 $82,901.06
47 $82,901.06 $1,583.04 $0.00 $468.73 $84,952.83
48 $84,952.83 $1,583.04 $0.00 $480.34 $87,016.21
49 $87,016.21 $1,583.04 $0.00 $492.00 $89,091.25
50 $89,091.25 $1,583.04 $0.00 $503.73 $91,178.02
51 $91,178.02 $1,583.04 $0.00 $515.53 $93,276.59
52 $93,276.59 $1,583.04 $0.00 $527.40 $95,387.03
53 $95,387.03 $1,583.04 $0.00 $539.33 $97,509.40
54 $97,509.40 $1,583.04 $0.00 $551.33 $99,643.77
55 $99,643.77 $1,583.04 $0.00 $563.40 $101,790.21
56 $101,790.21 $1,583.04 $0.00 $575.54 $103,948.79
57 $103,948.79 $1,583.04 $0.00 $587.74 $106,119.57
58 $106,119.57 $1,583.04 $0.00 $600.02 $108,302.63
59 $108,302.63 $1,583.04 $0.00 $612.36 $110,498.03
60 $110,498.03 $1,583.04 $0.00 $624.77 $112,705.84
61 $112,705.84 $1,583.04 $0.00 $637.26 $114,926.14
62 $114,926.14 $1,583.04 $0.00 $649.81 $117,158.99
63 $117,158.99 $1,583.04 $0.00 $662.43 $119,404.46
64 $119,404.46 $1,583.04 $0.00 $675.13 $121,662.63
65 $121,662.63 $1,583.04 $0.00 $687.90 $123,933.57
66 $123,933.57 $1,583.04 $0.00 $700.74 $126,217.35
67 $126,217.35 $1,583.04 $0.00 $713.65 $128,514.04
68 $128,514.04 $1,583.04 $0.00 $726.64 $130,823.72
69 $130,823.72 $1,583.04 $0.00 $739.70 $133,146.46
70 $133,146.46 $1,583.04 $0.00 $752.83 $135,482.33
71 $135,482.33 $1,583.04 $0.00 $766.04 $137,831.41
72 $137,831.41 $1,583.04 $0.00 $779.32 $140,193.77
73 $140,193.77 $1,583.04 $0.00 $792.68 $142,569.49
74 $142,569.49 $1,583.04 $0.00 $806.11 $144,958.64
75 $144,958.64 $1,583.04 $0.00 $819.62 $147,361.30
76 $147,361.30 $1,583.04 $0.00 $833.20 $149,777.54
77 $149,777.54 $1,583.04 $0.00 $846.86 $152,207.44
78 $152,207.44 $1,583.04 $0.00 $860.60 $154,651.08
79 $154,651.08 $1,583.04 $0.00 $874.42 $157,108.54
80 $157,108.54 $1,583.04 $0.00 $888.31 $159,579.89
81 $159,579.89 $1,583.04 $0.00 $902.29 $162,065.22
82 $162,065.22 $1,583.04 $0.00 $916.34 $164,564.60
83 $164,564.60 $1,583.04 $0.00 $930.47 $167,078.11
84 $167,078.11 $1,583.04 $0.00 $944.68 $169,605.83
85 $169,605.83 $1,583.04 $0.00 $958.98 $172,147.85
86 $172,147.85 $1,583.04 $0.00 $973.35 $174,704.24
87 $174,704.24 $1,583.04 $0.00 $987.80 $177,275.08
88 $177,275.08 $1,583.04 $0.00 $1,002.34 $179,860.46
89 $179,860.46 $1,583.04 $0.00 $1,016.96 $182,460.46
90 $182,460.46 $1,583.04 $0.00 $1,031.66 $185,075.16
91 $185,075.16 $1,583.04 $0.00 $1,046.44 $187,704.64
92 $187,704.64 $1,583.04 $0.00 $1,061.31 $190,348.99
93 $190,348.99 $1,583.04 $0.00 $1,076.26 $193,008.29
94 $193,008.29 $1,583.04 $0.00 $1,091.30 $195,682.63
95 $195,682.63 $1,583.04 $0.00 $1,106.42 $198,372.09
96 $198,372.09 $1,583.04 $0.00 $1,121.62 $201,076.75
97 $201,076.75 $1,583.04 $0.00 $1,136.92 $203,796.71
98 $203,796.71 $1,583.04 $0.00 $1,152.30 $206,532.05
99 $206,532.05 $1,583.04 $0.00 $1,167.76 $209,282.85
100 $209,282.85 $1,583.04 $0.00 $1,183.32 $212,049.21
101 $212,049.21 $1,583.04 $0.00 $1,198.96 $214,831.21
102 $214,831.21 $1,583.04 $0.00 $1,214.69 $217,628.94
103 $217,628.94 $1,583.04 $0.00 $1,230.51 $220,442.49
104 $220,442.49 $1,583.04 $0.00 $1,246.41 $223,271.94
105 $223,271.94 $1,583.04 $0.00 $1,262.41 $226,117.39
106 $226,117.39 $1,583.04 $0.00 $1,278.50 $228,978.93
107 $228,978.93 $1,583.04 $0.00 $1,294.68 $231,856.65
108 $231,856.65 $1,583.04 $0.00 $1,310.95 $234,750.64
109 $234,750.64 $1,583.04 $0.00 $1,327.31 $237,660.99
110 $237,660.99 $1,583.04 $0.00 $1,343.77 $240,587.80
111 $240,587.80 $1,583.04 $0.00 $1,360.32 $243,531.16
112 $243,531.16 $1,583.04 $0.00 $1,376.96 $246,491.16
113 $246,491.16 $1,583.04 $0.00 $1,393.70 $249,467.90
114 $249,467.90 $1,583.04 $0.00 $1,410.53 $252,461.47
115 $252,461.47 $1,583.04 $0.00 $1,427.45 $255,471.96
116 $255,471.96 $1,583.04 $0.00 $1,444.48 $258,499.48
117 $258,499.48 $1,583.04 $0.00 $1,461.59 $261,544.11
118 $261,544.11 $1,583.04 $0.00 $1,478.81 $264,605.96
119 $264,605.96 $1,583.04 $0.00 $1,496.12 $267,685.12
120 $267,685.12 $1,583.04 $0.00 $1,513.53 $270,781.69
121 $270,781.69 $1,583.04 $0.00 $1,531.04 $273,895.77
122 $273,895.77 $1,583.04 $0.00 $1,548.65 $277,027.46
123 $277,027.46 $1,583.04 $0.00 $1,566.35 $280,176.85
124 $280,176.85 $1,583.04 $0.00 $1,584.16 $283,344.05
125 $283,344.05 $1,583.04 $0.00 $1,602.07 $286,529.16
126 $286,529.16 $1,583.04 $0.00 $1,620.08 $289,732.28
127 $289,732.28 $1,583.04 $0.00 $1,638.19 $292,953.51
128 $292,953.51 $1,583.04 $0.00 $1,656.40 $296,192.95
129 $296,192.95 $1,583.04 $0.00 $1,674.72 $299,450.71
130 $299,450.71 $1,583.04 $0.00 $1,693.14 $302,726.89
131 $302,726.89 $1,583.04 $0.00 $1,711.66 $306,021.59
132 $306,021.59 $1,583.04 $0.00 $1,730.29 $309,334.92
133 $309,334.92 $1,583.04 $0.00 $1,749.02 $312,666.98
134 $312,666.98 $1,583.04 $0.00 $1,767.86 $316,017.88
135 $316,017.88 $1,583.04 $0.00 $1,786.81 $319,387.73
136 $319,387.73 $1,583.04 $0.00 $1,805.86 $322,776.63
137 $322,776.63 $1,583.04 $0.00 $1,825.03 $326,184.70
138 $326,184.70 $1,583.04 $0.00 $1,844.30 $329,612.04
139 $329,612.04 $1,583.04 $0.00 $1,863.67 $333,058.75
140 $333,058.75 $1,583.04 $0.00 $1,883.16 $336,524.95
141 $336,524.95 $1,583.04 $0.00 $1,902.76 $340,010.75
142 $340,010.75 $1,583.04 $0.00 $1,922.47 $343,516.26
143 $343,516.26 $1,583.04 $0.00 $1,942.29 $347,041.59
144 $347,041.59 $1,583.04 $0.00 $1,962.22 $350,586.85
145 $350,586.85 $1,583.04 $0.00 $1,982.27 $354,152.16
146 $354,152.16 $1,583.04 $0.00 $2,002.43 $357,737.63
147 $357,737.63 $1,583.04 $0.00 $2,022.70 $361,343.37
148 $361,343.37 $1,583.04 $0.00 $2,043.09 $364,969.50
149 $364,969.50 $1,583.04 $0.00 $2,063.59 $368,616.13
150 $368,616.13 $1,583.04 $0.00 $2,084.21 $372,283.38
151 $372,283.38 $1,583.04 $0.00 $2,104.94 $375,971.36
152 $375,971.36 $1,583.04 $0.00 $2,125.80 $379,680.20
153 $379,680.20 $1,583.04 $0.00 $2,146.77 $383,410.01
154 $383,410.01 $1,583.04 $0.00 $2,167.86 $387,160.91
155 $387,160.91 $1,583.04 $0.00 $2,189.06 $390,933.01
156 $390,933.01 $1,583.04 $0.00 $2,210.39 $394,726.44
157 $394,726.44 $1,583.04 $0.00 $2,231.84 $398,541.32
158 $398,541.32 $1,583.04 $0.00 $2,253.41 $402,377.77
159 $402,377.77 $1,583.04 $0.00 $2,275.10 $406,235.91
160 $406,235.91 $1,583.04 $0.00 $2,296.92 $410,115.87
161 $410,115.87 $1,583.04 $0.00 $2,318.85 $414,017.76
162 $414,017.76 $1,583.04 $0.00 $2,340.92 $417,941.72
163 $417,941.72 $1,583.04 $0.00 $2,363.10 $421,887.86
164 $421,887.86 $1,583.04 $0.00 $2,385.42 $425,856.32
165 $425,856.32 $1,583.04 $0.00 $2,407.85 $429,847.21
166 $429,847.21 $1,583.04 $0.00 $2,430.42 $433,860.67
167 $433,860.67 $1,583.04 $0.00 $2,453.11 $437,896.82
168 $437,896.82 $1,583.04 $0.00 $2,475.93 $441,955.79
169 $441,955.79 $1,583.04 $0.00 $2,498.88 $446,037.71
170 $446,037.71 $1,583.04 $0.00 $2,521.96 $450,142.71
171 $450,142.71 $1,583.04 $0.00 $2,545.17 $454,270.92
172 $454,270.92 $1,583.04 $0.00 $2,568.51 $458,422.47
173 $458,422.47 $1,583.04 $0.00 $2,591.99 $462,597.50
174 $462,597.50 $1,583.04 $0.00 $2,615.59 $466,796.13
175 $466,796.13 $1,583.04 $0.00 $2,639.33 $471,018.50
176 $471,018.50 $1,583.04 $0.00 $2,663.21 $475,264.75
177 $475,264.75 $1,583.04 $0.00 $2,687.22 $479,535.01
178 $479,535.01 $1,583.04 $0.00 $2,711.36 $483,829.41
179 $483,829.41 $1,583.04 $0.00 $2,735.64 $488,148.09
180 $488,148.09 $1,583.04 $0.00 $2,760.06 $492,491.19
181 $492,491.19 $1,583.04 $0.00 $2,784.62 $496,858.85
182 $496,858.85 $1,583.04 $0.00 $2,809.31 $501,251.20
183 $501,251.20 $1,583.04 $0.00 $2,834.15 $505,668.39
184 $505,668.39 $1,583.04 $0.00 $2,859.12 $510,110.55
185 $510,110.55 $1,583.04 $0.00 $2,884.24 $514,577.83
186 $514,577.83 $1,583.04 $0.00 $2,909.50 $519,070.37
187 $519,070.37 $1,583.04 $0.00 $2,934.90 $523,588.31
188 $523,588.31 $1,583.04 $0.00 $2,960.44 $528,131.79
189 $528,131.79 $1,583.04 $0.00 $2,986.13 $532,700.96
190 $532,700.96 $1,583.04 $0.00 $3,011.97 $537,295.97
191 $537,295.97 $1,583.04 $0.00 $3,037.95 $541,916.96
192 $541,916.96 $1,583.04 $0.00 $3,064.08 $546,564.08
193 $546,564.08 $1,583.04 $0.00 $3,090.35 $551,237.47
194 $551,237.47 $1,583.04 $0.00 $3,116.78 $555,937.29
195 $555,937.29 $1,583.04 $0.00 $3,143.35 $560,663.68
196 $560,663.68 $1,583.04 $0.00 $3,170.07 $565,416.79
197 $565,416.79 $1,583.04 $0.00 $3,196.95 $570,196.78
198 $570,196.78 $1,583.04 $0.00 $3,223.98 $575,003.80
199 $575,003.80 $1,583.04 $0.00 $3,251.16 $579,838.00
200 $579,838.00 $1,583.04 $0.00 $3,278.49 $584,699.53
201 $584,699.53 $1,583.04 $0.00 $3,305.98 $589,588.55
202 $589,588.55 $1,583.04 $0.00 $3,333.62 $594,505.21
203 $594,505.21 $1,583.04 $0.00 $3,361.42 $599,449.67
204 $599,449.67 $1,583.04 $0.00 $3,389.38 $604,422.09
205 $604,422.09 $1,583.04 $0.00 $3,417.49 $609,422.62
206 $609,422.62 $1,583.04 $0.00 $3,445.76 $614,451.42
207 $614,451.42 $1,583.04 $0.00 $3,474.20 $619,508.66
208 $619,508.66 $1,583.04 $0.00 $3,502.79 $624,594.49
209 $624,594.49 $1,583.04 $0.00 $3,531.55 $629,709.08
210 $629,709.08 $1,583.04 $0.00 $3,560.47 $634,852.59
211 $634,852.59 $1,583.04 $0.00 $3,589.55 $640,025.18
212 $640,025.18 $1,583.04 $0.00 $3,618.80 $645,227.02
213 $645,227.02 $1,583.04 $0.00 $3,648.21 $650,458.27
214 $650,458.27 $1,583.04 $0.00 $3,677.79 $655,719.10
215 $655,719.10 $1,583.04 $0.00 $3,707.53 $661,009.67
216 $661,009.67 $1,583.04 $0.00 $3,737.44 $666,330.15
217 $666,330.15 $1,583.04 $180,454.58 $3,767.53 $491,226.14
218 $491,226.14 $1,583.04 $0.00 $2,777.46 $495,586.64
219 $495,586.64 $1,583.04 $0.00 $2,802.12 $499,971.80
220 $499,971.80 $1,583.04 $0.00 $2,826.91 $504,381.75
221 $504,381.75 $1,583.04 $0.00 $2,851.85 $508,816.64
222 $508,816.64 $1,583.04 $0.00 $2,876.92 $513,276.60
223 $513,276.60 $1,583.04 $0.00 $2,902.14 $517,761.78
224 $517,761.78 $1,583.04 $0.00 $2,927.50 $522,272.32
225 $522,272.32 $1,583.04 $0.00 $2,953.00 $526,808.36
226 $526,808.36 $1,583.04 $0.00 $2,978.65 $531,370.05
227 $531,370.05 $1,583.04 $0.00 $3,004.44 $535,957.53
228 $535,957.53 $1,583.04 $0.00 $3,030.38 $540,570.95
229 $540,570.95 $1,583.04 $193,086.41 $3,056.47 $352,124.05
230 $352,124.05 $1,583.04 $0.00 $1,990.96 $355,698.05
231 $355,698.05 $1,583.04 $0.00 $2,011.17 $359,292.26
232 $359,292.26 $1,583.04 $0.00 $2,031.49 $362,906.79
233 $362,906.79 $1,583.04 $0.00 $2,051.93 $366,541.76
234 $366,541.76 $1,583.04 $0.00 $2,072.48 $370,197.28
235 $370,197.28 $1,583.04 $0.00 $2,093.15 $373,873.47
236 $373,873.47 $1,583.04 $0.00 $2,113.93 $377,570.44
237 $377,570.44 $1,583.04 $0.00 $2,134.84 $381,288.32
238 $381,288.32 $1,583.04 $0.00 $2,155.86 $385,027.22
239 $385,027.22 $1,583.04 $0.00 $2,177.00 $388,787.26
240 $388,787.26 $1,583.04 $0.00 $2,198.26 $392,568.56
241 $392,568.56 $1,583.04 $206,602.45 $2,219.64 $189,768.79
242 $189,768.79 $1,583.04 $0.00 $1,072.98 $192,424.81
243 $192,424.81 $1,583.04 $0.00 $1,088.00 $195,095.85
244 $195,095.85 $1,583.04 $0.00 $1,103.10 $197,781.99
245 $197,781.99 $1,583.04 $0.00 $1,118.29 $200,483.32
246 $200,483.32 $1,583.04 $0.00 $1,133.56 $203,199.92
247 $203,199.92 $1,583.04 $0.00 $1,148.92 $205,931.88
248 $205,931.88 $1,583.04 $0.00 $1,164.37 $208,679.29
249 $208,679.29 $1,583.04 $0.00 $1,179.90 $211,442.23
250 $211,442.23 $1,583.04 $0.00 $1,195.53 $214,220.80
251 $214,220.80 $1,583.04 $0.00 $1,211.24 $217,015.08
252 $217,015.08 $1,583.04 $0.00 $1,227.03 $219,825.15
253 $219,825.15 $0.00 $221,064.63 $1,242.92 $3.44