Savings Plan and Future Cost Estimation for Dakota Wesleyan University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$103,651
Monthly savings required$820

How much will it cost to send your child to Dakota Wesleyan University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $414,602.00 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $820.48 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$39,970.00
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 $820.48 $0.00 $0.00 $820.48
2 $820.48 $820.48 $0.00 $4.64 $1,645.60
3 $1,645.60 $820.48 $0.00 $9.30 $2,475.38
4 $2,475.38 $820.48 $0.00 $14.00 $3,309.86
5 $3,309.86 $820.48 $0.00 $18.71 $4,149.05
6 $4,149.05 $820.48 $0.00 $23.46 $4,992.99
7 $4,992.99 $820.48 $0.00 $28.23 $5,841.70
8 $5,841.70 $820.48 $0.00 $33.03 $6,695.21
9 $6,695.21 $820.48 $0.00 $37.86 $7,553.55
10 $7,553.55 $820.48 $0.00 $42.71 $8,416.74
11 $8,416.74 $820.48 $0.00 $47.59 $9,284.81
12 $9,284.81 $820.48 $0.00 $52.50 $10,157.79
13 $10,157.79 $820.48 $0.00 $57.43 $11,035.70
14 $11,035.70 $820.48 $0.00 $62.40 $11,918.58
15 $11,918.58 $820.48 $0.00 $67.39 $12,806.45
16 $12,806.45 $820.48 $0.00 $72.41 $13,699.34
17 $13,699.34 $820.48 $0.00 $77.46 $14,597.28
18 $14,597.28 $820.48 $0.00 $82.54 $15,500.30
19 $15,500.30 $820.48 $0.00 $87.64 $16,408.42
20 $16,408.42 $820.48 $0.00 $92.78 $17,321.68
21 $17,321.68 $820.48 $0.00 $97.94 $18,240.10
22 $18,240.10 $820.48 $0.00 $103.13 $19,163.71
23 $19,163.71 $820.48 $0.00 $108.35 $20,092.54
24 $20,092.54 $820.48 $0.00 $113.61 $21,026.63
25 $21,026.63 $820.48 $0.00 $118.89 $21,966.00
26 $21,966.00 $820.48 $0.00 $124.20 $22,910.68
27 $22,910.68 $820.48 $0.00 $129.54 $23,860.70
28 $23,860.70 $820.48 $0.00 $134.91 $24,816.09
29 $24,816.09 $820.48 $0.00 $140.31 $25,776.88
30 $25,776.88 $820.48 $0.00 $145.75 $26,743.11
31 $26,743.11 $820.48 $0.00 $151.21 $27,714.80
32 $27,714.80 $820.48 $0.00 $156.70 $28,691.98
33 $28,691.98 $820.48 $0.00 $162.23 $29,674.69
34 $29,674.69 $820.48 $0.00 $167.79 $30,662.96
35 $30,662.96 $820.48 $0.00 $173.37 $31,656.81
36 $31,656.81 $820.48 $0.00 $178.99 $32,656.28
37 $32,656.28 $820.48 $0.00 $184.64 $33,661.40
38 $33,661.40 $820.48 $0.00 $190.33 $34,672.21
39 $34,672.21 $820.48 $0.00 $196.04 $35,688.73
40 $35,688.73 $820.48 $0.00 $201.79 $36,711.00
41 $36,711.00 $820.48 $0.00 $207.57 $37,739.05
42 $37,739.05 $820.48 $0.00 $213.38 $38,772.91
43 $38,772.91 $820.48 $0.00 $219.23 $39,812.62
44 $39,812.62 $820.48 $0.00 $225.11 $40,858.21
45 $40,858.21 $820.48 $0.00 $231.02 $41,909.71
46 $41,909.71 $820.48 $0.00 $236.96 $42,967.15
47 $42,967.15 $820.48 $0.00 $242.94 $44,030.57
48 $44,030.57 $820.48 $0.00 $248.96 $45,100.01
49 $45,100.01 $820.48 $0.00 $255.00 $46,175.49
50 $46,175.49 $820.48 $0.00 $261.08 $47,257.05
51 $47,257.05 $820.48 $0.00 $267.20 $48,344.73
52 $48,344.73 $820.48 $0.00 $273.35 $49,438.56
53 $49,438.56 $820.48 $0.00 $279.53 $50,538.57
54 $50,538.57 $820.48 $0.00 $285.75 $51,644.80
55 $51,644.80 $820.48 $0.00 $292.01 $52,757.29
56 $52,757.29 $820.48 $0.00 $298.30 $53,876.07
57 $53,876.07 $820.48 $0.00 $304.62 $55,001.17
58 $55,001.17 $820.48 $0.00 $310.98 $56,132.63
59 $56,132.63 $820.48 $0.00 $317.38 $57,270.49
60 $57,270.49 $820.48 $0.00 $323.82 $58,414.79
61 $58,414.79 $820.48 $0.00 $330.29 $59,565.56
62 $59,565.56 $820.48 $0.00 $336.79 $60,722.83
63 $60,722.83 $820.48 $0.00 $343.34 $61,886.65
64 $61,886.65 $820.48 $0.00 $349.92 $63,057.05
65 $63,057.05 $820.48 $0.00 $356.53 $64,234.06
66 $64,234.06 $820.48 $0.00 $363.19 $65,417.73
67 $65,417.73 $820.48 $0.00 $369.88 $66,608.09
68 $66,608.09 $820.48 $0.00 $376.61 $67,805.18
69 $67,805.18 $820.48 $0.00 $383.38 $69,009.04
70 $69,009.04 $820.48 $0.00 $390.19 $70,219.71
71 $70,219.71 $820.48 $0.00 $397.03 $71,437.22
72 $71,437.22 $820.48 $0.00 $403.92 $72,661.62
73 $72,661.62 $820.48 $0.00 $410.84 $73,892.94
74 $73,892.94 $820.48 $0.00 $417.80 $75,131.22
75 $75,131.22 $820.48 $0.00 $424.80 $76,376.50
76 $76,376.50 $820.48 $0.00 $431.84 $77,628.82
77 $77,628.82 $820.48 $0.00 $438.92 $78,888.22
78 $78,888.22 $820.48 $0.00 $446.05 $80,154.75
79 $80,154.75 $820.48 $0.00 $453.21 $81,428.44
80 $81,428.44 $820.48 $0.00 $460.41 $82,709.33
81 $82,709.33 $820.48 $0.00 $467.65 $83,997.46
82 $83,997.46 $820.48 $0.00 $474.93 $85,292.87
83 $85,292.87 $820.48 $0.00 $482.26 $86,595.61
84 $86,595.61 $820.48 $0.00 $489.62 $87,905.71
85 $87,905.71 $820.48 $0.00 $497.03 $89,223.22
86 $89,223.22 $820.48 $0.00 $504.48 $90,548.18
87 $90,548.18 $820.48 $0.00 $511.97 $91,880.63
88 $91,880.63 $820.48 $0.00 $519.51 $93,220.62
89 $93,220.62 $820.48 $0.00 $527.08 $94,568.18
90 $94,568.18 $820.48 $0.00 $534.70 $95,923.36
91 $95,923.36 $820.48 $0.00 $542.36 $97,286.20
92 $97,286.20 $820.48 $0.00 $550.07 $98,656.75
93 $98,656.75 $820.48 $0.00 $557.82 $100,035.05
94 $100,035.05 $820.48 $0.00 $565.61 $101,421.14
95 $101,421.14 $820.48 $0.00 $573.45 $102,815.07
96 $102,815.07 $820.48 $0.00 $581.33 $104,216.88
97 $104,216.88 $820.48 $0.00 $589.26 $105,626.62
98 $105,626.62 $820.48 $0.00 $597.23 $107,044.33
99 $107,044.33 $820.48 $0.00 $605.24 $108,470.05
100 $108,470.05 $820.48 $0.00 $613.31 $109,903.84
101 $109,903.84 $820.48 $0.00 $621.41 $111,345.73
102 $111,345.73 $820.48 $0.00 $629.56 $112,795.77
103 $112,795.77 $820.48 $0.00 $637.76 $114,254.01
104 $114,254.01 $820.48 $0.00 $646.01 $115,720.50
105 $115,720.50 $820.48 $0.00 $654.30 $117,195.28
106 $117,195.28 $820.48 $0.00 $662.64 $118,678.40
107 $118,678.40 $820.48 $0.00 $671.02 $120,169.90
108 $120,169.90 $820.48 $0.00 $679.46 $121,669.84
109 $121,669.84 $820.48 $0.00 $687.94 $123,178.26
110 $123,178.26 $820.48 $0.00 $696.47 $124,695.21
111 $124,695.21 $820.48 $0.00 $705.04 $126,220.73
112 $126,220.73 $820.48 $0.00 $713.67 $127,754.88
113 $127,754.88 $820.48 $0.00 $722.34 $129,297.70
114 $129,297.70 $820.48 $0.00 $731.07 $130,849.25
115 $130,849.25 $820.48 $0.00 $739.84 $132,409.57
116 $132,409.57 $820.48 $0.00 $748.66 $133,978.71
117 $133,978.71 $820.48 $0.00 $757.54 $135,556.73
118 $135,556.73 $820.48 $0.00 $766.46 $137,143.67
119 $137,143.67 $820.48 $0.00 $775.43 $138,739.58
120 $138,739.58 $820.48 $0.00 $784.45 $140,344.51
121 $140,344.51 $820.48 $0.00 $793.53 $141,958.52
122 $141,958.52 $820.48 $0.00 $802.65 $143,581.65
123 $143,581.65 $820.48 $0.00 $811.83 $145,213.96
124 $145,213.96 $820.48 $0.00 $821.06 $146,855.50
125 $146,855.50 $820.48 $0.00 $830.34 $148,506.32
126 $148,506.32 $820.48 $0.00 $839.68 $150,166.48
127 $150,166.48 $820.48 $0.00 $849.06 $151,836.02
128 $151,836.02 $820.48 $0.00 $858.50 $153,515.00
129 $153,515.00 $820.48 $0.00 $868.00 $155,203.48
130 $155,203.48 $820.48 $0.00 $877.54 $156,901.50
131 $156,901.50 $820.48 $0.00 $887.14 $158,609.12
132 $158,609.12 $820.48 $0.00 $896.80 $160,326.40
133 $160,326.40 $820.48 $0.00 $906.51 $162,053.39
134 $162,053.39 $820.48 $0.00 $916.27 $163,790.14
135 $163,790.14 $820.48 $0.00 $926.09 $165,536.71
136 $165,536.71 $820.48 $0.00 $935.97 $167,293.16
137 $167,293.16 $820.48 $0.00 $945.90 $169,059.54
138 $169,059.54 $820.48 $0.00 $955.89 $170,835.91
139 $170,835.91 $820.48 $0.00 $965.93 $172,622.32
140 $172,622.32 $820.48 $0.00 $976.03 $174,418.83
141 $174,418.83 $820.48 $0.00 $986.19 $176,225.50
142 $176,225.50 $820.48 $0.00 $996.40 $178,042.38
143 $178,042.38 $820.48 $0.00 $1,006.68 $179,869.54
144 $179,869.54 $820.48 $0.00 $1,017.01 $181,707.03
145 $181,707.03 $820.48 $0.00 $1,027.40 $183,554.91
146 $183,554.91 $820.48 $0.00 $1,037.85 $185,413.24
147 $185,413.24 $820.48 $0.00 $1,048.35 $187,282.07
148 $187,282.07 $820.48 $0.00 $1,058.92 $189,161.47
149 $189,161.47 $820.48 $0.00 $1,069.55 $191,051.50
150 $191,051.50 $820.48 $0.00 $1,080.23 $192,952.21
151 $192,952.21 $820.48 $0.00 $1,090.98 $194,863.67
152 $194,863.67 $820.48 $0.00 $1,101.79 $196,785.94
153 $196,785.94 $820.48 $0.00 $1,112.66 $198,719.08
154 $198,719.08 $820.48 $0.00 $1,123.59 $200,663.15
155 $200,663.15 $820.48 $0.00 $1,134.58 $202,618.21
156 $202,618.21 $820.48 $0.00 $1,145.63 $204,584.32
157 $204,584.32 $820.48 $0.00 $1,156.75 $206,561.55
158 $206,561.55 $820.48 $0.00 $1,167.93 $208,549.96
159 $208,549.96 $820.48 $0.00 $1,179.17 $210,549.61
160 $210,549.61 $820.48 $0.00 $1,190.48 $212,560.57
161 $212,560.57 $820.48 $0.00 $1,201.85 $214,582.90
162 $214,582.90 $820.48 $0.00 $1,213.28 $216,616.66
163 $216,616.66 $820.48 $0.00 $1,224.78 $218,661.92
164 $218,661.92 $820.48 $0.00 $1,236.35 $220,718.75
165 $220,718.75 $820.48 $0.00 $1,247.98 $222,787.21
166 $222,787.21 $820.48 $0.00 $1,259.67 $224,867.36
167 $224,867.36 $820.48 $0.00 $1,271.43 $226,959.27
168 $226,959.27 $820.48 $0.00 $1,283.26 $229,063.01
169 $229,063.01 $820.48 $0.00 $1,295.16 $231,178.65
170 $231,178.65 $820.48 $0.00 $1,307.12 $233,306.25
171 $233,306.25 $820.48 $0.00 $1,319.15 $235,445.88
172 $235,445.88 $820.48 $0.00 $1,331.25 $237,597.61
173 $237,597.61 $820.48 $0.00 $1,343.41 $239,761.50
174 $239,761.50 $820.48 $0.00 $1,355.65 $241,937.63
175 $241,937.63 $820.48 $0.00 $1,367.95 $244,126.06
176 $244,126.06 $820.48 $0.00 $1,380.32 $246,326.86
177 $246,326.86 $820.48 $0.00 $1,392.77 $248,540.11
178 $248,540.11 $820.48 $0.00 $1,405.28 $250,765.87
179 $250,765.87 $820.48 $0.00 $1,417.87 $253,004.22
180 $253,004.22 $820.48 $0.00 $1,430.52 $255,255.22
181 $255,255.22 $820.48 $0.00 $1,443.25 $257,518.95
182 $257,518.95 $820.48 $0.00 $1,456.05 $259,795.48
183 $259,795.48 $820.48 $0.00 $1,468.92 $262,084.88
184 $262,084.88 $820.48 $0.00 $1,481.87 $264,387.23
185 $264,387.23 $820.48 $0.00 $1,494.88 $266,702.59
186 $266,702.59 $820.48 $0.00 $1,507.98 $269,031.05
187 $269,031.05 $820.48 $0.00 $1,521.14 $271,372.67
188 $271,372.67 $820.48 $0.00 $1,534.38 $273,727.53
189 $273,727.53 $820.48 $0.00 $1,547.70 $276,095.71
190 $276,095.71 $820.48 $0.00 $1,561.09 $278,477.28
191 $278,477.28 $820.48 $0.00 $1,574.55 $280,872.31
192 $280,872.31 $820.48 $0.00 $1,588.09 $283,280.88
193 $283,280.88 $820.48 $0.00 $1,601.71 $285,703.07
194 $285,703.07 $820.48 $0.00 $1,615.41 $288,138.96
195 $288,138.96 $820.48 $0.00 $1,629.18 $290,588.62
196 $290,588.62 $820.48 $0.00 $1,643.03 $293,052.13
197 $293,052.13 $820.48 $0.00 $1,656.96 $295,529.57
198 $295,529.57 $820.48 $0.00 $1,670.97 $298,021.02
199 $298,021.02 $820.48 $0.00 $1,685.05 $300,526.55
200 $300,526.55 $820.48 $0.00 $1,699.22 $303,046.25
201 $303,046.25 $820.48 $0.00 $1,713.47 $305,580.20
202 $305,580.20 $820.48 $0.00 $1,727.79 $308,128.47
203 $308,128.47 $820.48 $0.00 $1,742.20 $310,691.15
204 $310,691.15 $820.48 $0.00 $1,756.69 $313,268.32
205 $313,268.32 $820.48 $0.00 $1,771.26 $315,860.06
206 $315,860.06 $820.48 $0.00 $1,785.92 $318,466.46
207 $318,466.46 $820.48 $0.00 $1,800.66 $321,087.60
208 $321,087.60 $820.48 $0.00 $1,815.48 $323,723.56
209 $323,723.56 $820.48 $0.00 $1,830.38 $326,374.42
210 $326,374.42 $820.48 $0.00 $1,845.37 $329,040.27
211 $329,040.27 $820.48 $0.00 $1,860.44 $331,721.19
212 $331,721.19 $820.48 $0.00 $1,875.60 $334,417.27
213 $334,417.27 $820.48 $0.00 $1,890.84 $337,128.59
214 $337,128.59 $820.48 $0.00 $1,906.17 $339,855.24
215 $339,855.24 $820.48 $0.00 $1,921.59 $342,597.31
216 $342,597.31 $820.48 $0.00 $1,937.10 $345,354.89
217 $345,354.89 $820.48 $96,192.57 $1,952.69 $251,935.49
218 $251,935.49 $820.48 $0.00 $1,424.48 $254,180.45
219 $254,180.45 $820.48 $0.00 $1,437.17 $256,438.10
220 $256,438.10 $820.48 $0.00 $1,449.94 $258,708.52
221 $258,708.52 $820.48 $0.00 $1,462.78 $260,991.78
222 $260,991.78 $820.48 $0.00 $1,475.69 $263,287.95
223 $263,287.95 $820.48 $0.00 $1,488.67 $265,597.10
224 $265,597.10 $820.48 $0.00 $1,501.72 $267,919.30
225 $267,919.30 $820.48 $0.00 $1,514.85 $270,254.63
226 $270,254.63 $820.48 $0.00 $1,528.06 $272,603.17
227 $272,603.17 $820.48 $0.00 $1,541.34 $274,964.99
228 $274,964.99 $820.48 $0.00 $1,554.69 $277,340.16
229 $277,340.16 $820.48 $101,002.20 $1,568.12 $178,726.56
230 $178,726.56 $820.48 $0.00 $1,010.55 $180,557.59
231 $180,557.59 $820.48 $0.00 $1,020.90 $182,398.97
232 $182,398.97 $820.48 $0.00 $1,031.31 $184,250.76
233 $184,250.76 $820.48 $0.00 $1,041.78 $186,113.02
234 $186,113.02 $820.48 $0.00 $1,052.31 $187,985.81
235 $187,985.81 $820.48 $0.00 $1,062.90 $189,869.19
236 $189,869.19 $820.48 $0.00 $1,073.55 $191,763.22
237 $191,763.22 $820.48 $0.00 $1,084.26 $193,667.96
238 $193,667.96 $820.48 $0.00 $1,095.03 $195,583.47
239 $195,583.47 $820.48 $0.00 $1,105.86 $197,509.81
240 $197,509.81 $820.48 $0.00 $1,116.75 $199,447.04
241 $199,447.04 $820.48 $106,052.31 $1,127.70 $95,342.91
242 $95,342.91 $820.48 $0.00 $539.08 $96,702.47
243 $96,702.47 $820.48 $0.00 $546.77 $98,069.72
244 $98,069.72 $820.48 $0.00 $554.50 $99,444.70
245 $99,444.70 $820.48 $0.00 $562.27 $100,827.45
246 $100,827.45 $820.48 $0.00 $570.09 $102,218.02
247 $102,218.02 $820.48 $0.00 $577.96 $103,616.46
248 $103,616.46 $820.48 $0.00 $585.86 $105,022.80
249 $105,022.80 $820.48 $0.00 $593.81 $106,437.09
250 $106,437.09 $820.48 $0.00 $601.81 $107,859.38
251 $107,859.38 $820.48 $0.00 $609.85 $109,289.71
252 $109,289.71 $820.48 $0.00 $617.94 $110,728.13
253 $110,728.13 $0.00 $111,354.92 $626.07 ($0.72)