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 2042$160,159
Monthly savings required$1,266

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 $640,636.31 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,265.77 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$42,690.00
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 $1,265.77 $0.00 $0.00 $1,265.77
2 $1,265.77 $1,265.77 $0.00 $7.16 $2,538.70
3 $2,538.70 $1,265.77 $0.00 $14.35 $3,818.82
4 $3,818.82 $1,265.77 $0.00 $21.59 $5,106.18
5 $5,106.18 $1,265.77 $0.00 $28.87 $6,400.82
6 $6,400.82 $1,265.77 $0.00 $36.19 $7,702.78
7 $7,702.78 $1,265.77 $0.00 $43.55 $9,012.10
8 $9,012.10 $1,265.77 $0.00 $50.96 $10,328.83
9 $10,328.83 $1,265.77 $0.00 $58.40 $11,653.00
10 $11,653.00 $1,265.77 $0.00 $65.89 $12,984.66
11 $12,984.66 $1,265.77 $0.00 $73.42 $14,323.85
12 $14,323.85 $1,265.77 $0.00 $80.99 $15,670.61
13 $15,670.61 $1,265.77 $0.00 $88.60 $17,024.98
14 $17,024.98 $1,265.77 $0.00 $96.26 $18,387.01
15 $18,387.01 $1,265.77 $0.00 $103.96 $19,756.74
16 $19,756.74 $1,265.77 $0.00 $111.71 $21,134.22
17 $21,134.22 $1,265.77 $0.00 $119.50 $22,519.49
18 $22,519.49 $1,265.77 $0.00 $127.33 $23,912.59
19 $23,912.59 $1,265.77 $0.00 $135.21 $25,313.57
20 $25,313.57 $1,265.77 $0.00 $143.13 $26,722.47
21 $26,722.47 $1,265.77 $0.00 $151.09 $28,139.33
22 $28,139.33 $1,265.77 $0.00 $159.10 $29,564.20
23 $29,564.20 $1,265.77 $0.00 $167.16 $30,997.13
24 $30,997.13 $1,265.77 $0.00 $175.26 $32,438.16
25 $32,438.16 $1,265.77 $0.00 $183.41 $33,887.34
26 $33,887.34 $1,265.77 $0.00 $191.60 $35,344.71
27 $35,344.71 $1,265.77 $0.00 $199.84 $36,810.32
28 $36,810.32 $1,265.77 $0.00 $208.13 $38,284.22
29 $38,284.22 $1,265.77 $0.00 $216.46 $39,766.45
30 $39,766.45 $1,265.77 $0.00 $224.85 $41,257.07
31 $41,257.07 $1,265.77 $0.00 $233.27 $42,756.11
32 $42,756.11 $1,265.77 $0.00 $241.75 $44,263.63
33 $44,263.63 $1,265.77 $0.00 $250.27 $45,779.67
34 $45,779.67 $1,265.77 $0.00 $258.84 $47,304.28
35 $47,304.28 $1,265.77 $0.00 $267.47 $48,837.52
36 $48,837.52 $1,265.77 $0.00 $276.13 $50,379.42
37 $50,379.42 $1,265.77 $0.00 $284.85 $51,930.04
38 $51,930.04 $1,265.77 $0.00 $293.62 $53,489.43
39 $53,489.43 $1,265.77 $0.00 $302.44 $55,057.64
40 $55,057.64 $1,265.77 $0.00 $311.30 $56,634.71
41 $56,634.71 $1,265.77 $0.00 $320.22 $58,220.70
42 $58,220.70 $1,265.77 $0.00 $329.19 $59,815.66
43 $59,815.66 $1,265.77 $0.00 $338.21 $61,419.64
44 $61,419.64 $1,265.77 $0.00 $347.28 $63,032.69
45 $63,032.69 $1,265.77 $0.00 $356.40 $64,654.86
46 $64,654.86 $1,265.77 $0.00 $365.57 $66,286.20
47 $66,286.20 $1,265.77 $0.00 $374.79 $67,926.76
48 $67,926.76 $1,265.77 $0.00 $384.07 $69,576.60
49 $69,576.60 $1,265.77 $0.00 $393.40 $71,235.77
50 $71,235.77 $1,265.77 $0.00 $402.78 $72,904.32
51 $72,904.32 $1,265.77 $0.00 $412.21 $74,582.30
52 $74,582.30 $1,265.77 $0.00 $421.70 $76,269.77
53 $76,269.77 $1,265.77 $0.00 $431.24 $77,966.78
54 $77,966.78 $1,265.77 $0.00 $440.84 $79,673.39
55 $79,673.39 $1,265.77 $0.00 $450.48 $81,389.64
56 $81,389.64 $1,265.77 $0.00 $460.19 $83,115.60
57 $83,115.60 $1,265.77 $0.00 $469.95 $84,851.32
58 $84,851.32 $1,265.77 $0.00 $479.76 $86,596.85
59 $86,596.85 $1,265.77 $0.00 $489.63 $88,352.25
60 $88,352.25 $1,265.77 $0.00 $499.56 $90,117.58
61 $90,117.58 $1,265.77 $0.00 $509.54 $91,892.89
62 $91,892.89 $1,265.77 $0.00 $519.58 $93,678.24
63 $93,678.24 $1,265.77 $0.00 $529.67 $95,473.68
64 $95,473.68 $1,265.77 $0.00 $539.82 $97,279.27
65 $97,279.27 $1,265.77 $0.00 $550.03 $99,095.07
66 $99,095.07 $1,265.77 $0.00 $560.30 $100,921.14
67 $100,921.14 $1,265.77 $0.00 $570.62 $102,757.53
68 $102,757.53 $1,265.77 $0.00 $581.01 $104,604.31
69 $104,604.31 $1,265.77 $0.00 $591.45 $106,461.53
70 $106,461.53 $1,265.77 $0.00 $601.95 $108,329.25
71 $108,329.25 $1,265.77 $0.00 $612.51 $110,207.53
72 $110,207.53 $1,265.77 $0.00 $623.13 $112,096.43
73 $112,096.43 $1,265.77 $0.00 $633.81 $113,996.01
74 $113,996.01 $1,265.77 $0.00 $644.55 $115,906.33
75 $115,906.33 $1,265.77 $0.00 $655.35 $117,827.45
76 $117,827.45 $1,265.77 $0.00 $666.21 $119,759.43
77 $119,759.43 $1,265.77 $0.00 $677.14 $121,702.34
78 $121,702.34 $1,265.77 $0.00 $688.12 $123,656.23
79 $123,656.23 $1,265.77 $0.00 $699.17 $125,621.17
80 $125,621.17 $1,265.77 $0.00 $710.28 $127,597.22
81 $127,597.22 $1,265.77 $0.00 $721.45 $129,584.44
82 $129,584.44 $1,265.77 $0.00 $732.69 $131,582.90
83 $131,582.90 $1,265.77 $0.00 $743.99 $133,592.66
84 $133,592.66 $1,265.77 $0.00 $755.35 $135,613.78
85 $135,613.78 $1,265.77 $0.00 $766.78 $137,646.33
86 $137,646.33 $1,265.77 $0.00 $778.27 $139,690.37
87 $139,690.37 $1,265.77 $0.00 $789.83 $141,745.97
88 $141,745.97 $1,265.77 $0.00 $801.45 $143,813.19
89 $143,813.19 $1,265.77 $0.00 $813.14 $145,892.10
90 $145,892.10 $1,265.77 $0.00 $824.90 $147,982.77
91 $147,982.77 $1,265.77 $0.00 $836.72 $150,085.26
92 $150,085.26 $1,265.77 $0.00 $848.60 $152,199.63
93 $152,199.63 $1,265.77 $0.00 $860.56 $154,325.96
94 $154,325.96 $1,265.77 $0.00 $872.58 $156,464.31
95 $156,464.31 $1,265.77 $0.00 $884.67 $158,614.75
96 $158,614.75 $1,265.77 $0.00 $896.83 $160,777.35
97 $160,777.35 $1,265.77 $0.00 $909.06 $162,952.18
98 $162,952.18 $1,265.77 $0.00 $921.36 $165,139.31
99 $165,139.31 $1,265.77 $0.00 $933.72 $167,338.80
100 $167,338.80 $1,265.77 $0.00 $946.16 $169,550.73
101 $169,550.73 $1,265.77 $0.00 $958.66 $171,775.16
102 $171,775.16 $1,265.77 $0.00 $971.24 $174,012.17
103 $174,012.17 $1,265.77 $0.00 $983.89 $176,261.83
104 $176,261.83 $1,265.77 $0.00 $996.61 $178,524.21
105 $178,524.21 $1,265.77 $0.00 $1,009.40 $180,799.38
106 $180,799.38 $1,265.77 $0.00 $1,022.27 $183,087.42
107 $183,087.42 $1,265.77 $0.00 $1,035.20 $185,388.39
108 $185,388.39 $1,265.77 $0.00 $1,048.21 $187,702.37
109 $187,702.37 $1,265.77 $0.00 $1,061.30 $190,029.44
110 $190,029.44 $1,265.77 $0.00 $1,074.45 $192,369.66
111 $192,369.66 $1,265.77 $0.00 $1,087.69 $194,723.12
112 $194,723.12 $1,265.77 $0.00 $1,100.99 $197,089.88
113 $197,089.88 $1,265.77 $0.00 $1,114.37 $199,470.02
114 $199,470.02 $1,265.77 $0.00 $1,127.83 $201,863.62
115 $201,863.62 $1,265.77 $0.00 $1,141.37 $204,270.76
116 $204,270.76 $1,265.77 $0.00 $1,154.98 $206,691.51
117 $206,691.51 $1,265.77 $0.00 $1,168.66 $209,125.94
118 $209,125.94 $1,265.77 $0.00 $1,182.43 $211,574.14
119 $211,574.14 $1,265.77 $0.00 $1,196.27 $214,036.18
120 $214,036.18 $1,265.77 $0.00 $1,210.19 $216,512.14
121 $216,512.14 $1,265.77 $0.00 $1,224.19 $219,002.10
122 $219,002.10 $1,265.77 $0.00 $1,238.27 $221,506.14
123 $221,506.14 $1,265.77 $0.00 $1,252.43 $224,024.34
124 $224,024.34 $1,265.77 $0.00 $1,266.67 $226,556.78
125 $226,556.78 $1,265.77 $0.00 $1,280.98 $229,103.53
126 $229,103.53 $1,265.77 $0.00 $1,295.38 $231,664.68
127 $231,664.68 $1,265.77 $0.00 $1,309.87 $234,240.32
128 $234,240.32 $1,265.77 $0.00 $1,324.43 $236,830.52
129 $236,830.52 $1,265.77 $0.00 $1,339.07 $239,435.36
130 $239,435.36 $1,265.77 $0.00 $1,353.80 $242,054.93
131 $242,054.93 $1,265.77 $0.00 $1,368.61 $244,689.31
132 $244,689.31 $1,265.77 $0.00 $1,383.51 $247,338.59
133 $247,338.59 $1,265.77 $0.00 $1,398.49 $250,002.85
134 $250,002.85 $1,265.77 $0.00 $1,413.55 $252,682.17
135 $252,682.17 $1,265.77 $0.00 $1,428.70 $255,376.64
136 $255,376.64 $1,265.77 $0.00 $1,443.94 $258,086.35
137 $258,086.35 $1,265.77 $0.00 $1,459.26 $260,811.38
138 $260,811.38 $1,265.77 $0.00 $1,474.67 $263,551.82
139 $263,551.82 $1,265.77 $0.00 $1,490.16 $266,307.75
140 $266,307.75 $1,265.77 $0.00 $1,505.74 $269,079.26
141 $269,079.26 $1,265.77 $0.00 $1,521.41 $271,866.44
142 $271,866.44 $1,265.77 $0.00 $1,537.17 $274,669.38
143 $274,669.38 $1,265.77 $0.00 $1,553.02 $277,488.17
144 $277,488.17 $1,265.77 $0.00 $1,568.96 $280,322.90
145 $280,322.90 $1,265.77 $0.00 $1,584.99 $283,173.66
146 $283,173.66 $1,265.77 $0.00 $1,601.11 $286,040.54
147 $286,040.54 $1,265.77 $0.00 $1,617.31 $288,923.62
148 $288,923.62 $1,265.77 $0.00 $1,633.62 $291,823.01
149 $291,823.01 $1,265.77 $0.00 $1,650.01 $294,738.79
150 $294,738.79 $1,265.77 $0.00 $1,666.50 $297,671.06
151 $297,671.06 $1,265.77 $0.00 $1,683.08 $300,619.91
152 $300,619.91 $1,265.77 $0.00 $1,699.75 $303,585.43
153 $303,585.43 $1,265.77 $0.00 $1,716.52 $306,567.72
154 $306,567.72 $1,265.77 $0.00 $1,733.38 $309,566.87
155 $309,566.87 $1,265.77 $0.00 $1,750.34 $312,582.98
156 $312,582.98 $1,265.77 $0.00 $1,767.39 $315,616.14
157 $315,616.14 $1,265.77 $0.00 $1,784.54 $318,666.45
158 $318,666.45 $1,265.77 $0.00 $1,801.79 $321,734.01
159 $321,734.01 $1,265.77 $0.00 $1,819.13 $324,818.91
160 $324,818.91 $1,265.77 $0.00 $1,836.57 $327,921.25
161 $327,921.25 $1,265.77 $0.00 $1,854.11 $331,041.13
162 $331,041.13 $1,265.77 $0.00 $1,871.75 $334,178.65
163 $334,178.65 $1,265.77 $0.00 $1,889.49 $337,333.91
164 $337,333.91 $1,265.77 $0.00 $1,907.33 $340,507.01
165 $340,507.01 $1,265.77 $0.00 $1,925.28 $343,698.06
166 $343,698.06 $1,265.77 $0.00 $1,943.32 $346,907.15
167 $346,907.15 $1,265.77 $0.00 $1,961.46 $350,134.38
168 $350,134.38 $1,265.77 $0.00 $1,979.71 $353,379.86
169 $353,379.86 $1,265.77 $0.00 $1,998.06 $356,643.69
170 $356,643.69 $1,265.77 $0.00 $2,016.52 $359,925.98
171 $359,925.98 $1,265.77 $0.00 $2,035.07 $363,226.82
172 $363,226.82 $1,265.77 $0.00 $2,053.74 $366,546.33
173 $366,546.33 $1,265.77 $0.00 $2,072.51 $369,884.61
174 $369,884.61 $1,265.77 $0.00 $2,091.38 $373,241.76
175 $373,241.76 $1,265.77 $0.00 $2,110.36 $376,617.89
176 $376,617.89 $1,265.77 $0.00 $2,129.45 $380,013.11
177 $380,013.11 $1,265.77 $0.00 $2,148.65 $383,427.53
178 $383,427.53 $1,265.77 $0.00 $2,167.96 $386,861.26
179 $386,861.26 $1,265.77 $0.00 $2,187.37 $390,314.40
180 $390,314.40 $1,265.77 $0.00 $2,206.89 $393,787.06
181 $393,787.06 $1,265.77 $0.00 $2,226.53 $397,279.36
182 $397,279.36 $1,265.77 $0.00 $2,246.28 $400,791.41
183 $400,791.41 $1,265.77 $0.00 $2,266.13 $404,323.31
184 $404,323.31 $1,265.77 $0.00 $2,286.10 $407,875.18
185 $407,875.18 $1,265.77 $0.00 $2,306.19 $411,447.14
186 $411,447.14 $1,265.77 $0.00 $2,326.38 $415,039.29
187 $415,039.29 $1,265.77 $0.00 $2,346.69 $418,651.75
188 $418,651.75 $1,265.77 $0.00 $2,367.12 $422,284.64
189 $422,284.64 $1,265.77 $0.00 $2,387.66 $425,938.07
190 $425,938.07 $1,265.77 $0.00 $2,408.32 $429,612.16
191 $429,612.16 $1,265.77 $0.00 $2,429.09 $433,307.02
192 $433,307.02 $1,265.77 $0.00 $2,449.98 $437,022.77
193 $437,022.77 $1,265.77 $0.00 $2,470.99 $440,759.53
194 $440,759.53 $1,265.77 $0.00 $2,492.12 $444,517.42
195 $444,517.42 $1,265.77 $0.00 $2,513.37 $448,296.56
196 $448,296.56 $1,265.77 $0.00 $2,534.73 $452,097.06
197 $452,097.06 $1,265.77 $0.00 $2,556.22 $455,919.05
198 $455,919.05 $1,265.77 $0.00 $2,577.83 $459,762.65
199 $459,762.65 $1,265.77 $0.00 $2,599.56 $463,627.98
200 $463,627.98 $1,265.77 $0.00 $2,621.42 $467,515.17
201 $467,515.17 $1,265.77 $0.00 $2,643.40 $471,424.34
202 $471,424.34 $1,265.77 $0.00 $2,665.50 $475,355.61
203 $475,355.61 $1,265.77 $0.00 $2,687.73 $479,309.11
204 $479,309.11 $1,265.77 $0.00 $2,710.08 $483,284.96
205 $483,284.96 $1,265.77 $0.00 $2,732.56 $487,283.29
206 $487,283.29 $1,265.77 $0.00 $2,755.17 $491,304.23
207 $491,304.23 $1,265.77 $0.00 $2,777.91 $495,347.91
208 $495,347.91 $1,265.77 $0.00 $2,800.77 $499,414.45
209 $499,414.45 $1,265.77 $0.00 $2,823.76 $503,503.98
210 $503,503.98 $1,265.77 $0.00 $2,846.88 $507,616.63
211 $507,616.63 $1,265.77 $0.00 $2,870.14 $511,752.54
212 $511,752.54 $1,265.77 $0.00 $2,893.52 $515,911.83
213 $515,911.83 $1,265.77 $0.00 $2,917.04 $520,094.64
214 $520,094.64 $1,265.77 $0.00 $2,940.69 $524,301.10
215 $524,301.10 $1,265.77 $0.00 $2,964.47 $528,531.34
216 $528,531.34 $1,265.77 $0.00 $2,988.39 $532,785.50
217 $532,785.50 $1,265.77 $144,289.31 $3,012.45 $392,774.41
218 $392,774.41 $1,265.77 $0.00 $2,220.80 $396,260.98
219 $396,260.98 $1,265.77 $0.00 $2,240.52 $399,767.27
220 $399,767.27 $1,265.77 $0.00 $2,260.34 $403,293.38
221 $403,293.38 $1,265.77 $0.00 $2,280.28 $406,839.43
222 $406,839.43 $1,265.77 $0.00 $2,300.33 $410,405.53
223 $410,405.53 $1,265.77 $0.00 $2,320.49 $413,991.79
224 $413,991.79 $1,265.77 $0.00 $2,340.77 $417,598.33
225 $417,598.33 $1,265.77 $0.00 $2,361.16 $421,225.26
226 $421,225.26 $1,265.77 $0.00 $2,381.67 $424,872.70
227 $424,872.70 $1,265.77 $0.00 $2,402.29 $428,540.76
228 $428,540.76 $1,265.77 $0.00 $2,423.03 $432,229.56
229 $432,229.56 $1,265.77 $154,389.56 $2,443.89 $281,549.66
230 $281,549.66 $1,265.77 $0.00 $1,591.92 $284,407.35
231 $284,407.35 $1,265.77 $0.00 $1,608.08 $287,281.20
232 $287,281.20 $1,265.77 $0.00 $1,624.33 $290,171.30
233 $290,171.30 $1,265.77 $0.00 $1,640.67 $293,077.74
234 $293,077.74 $1,265.77 $0.00 $1,657.10 $296,000.61
235 $296,000.61 $1,265.77 $0.00 $1,673.63 $298,940.01
236 $298,940.01 $1,265.77 $0.00 $1,690.25 $301,896.03
237 $301,896.03 $1,265.77 $0.00 $1,706.96 $304,868.76
238 $304,868.76 $1,265.77 $0.00 $1,723.77 $307,858.30
239 $307,858.30 $1,265.77 $0.00 $1,740.68 $310,864.75
240 $310,864.75 $1,265.77 $0.00 $1,757.67 $313,888.19
241 $313,888.19 $1,265.77 $165,196.83 $1,774.77 $151,731.90
242 $151,731.90 $1,265.77 $0.00 $857.91 $153,855.58
243 $153,855.58 $1,265.77 $0.00 $869.92 $155,991.27
244 $155,991.27 $1,265.77 $0.00 $882.00 $158,139.04
245 $158,139.04 $1,265.77 $0.00 $894.14 $160,298.95
246 $160,298.95 $1,265.77 $0.00 $906.35 $162,471.07
247 $162,471.07 $1,265.77 $0.00 $918.64 $164,655.48
248 $164,655.48 $1,265.77 $0.00 $930.99 $166,852.24
249 $166,852.24 $1,265.77 $0.00 $943.41 $169,061.42
250 $169,061.42 $1,265.77 $0.00 $955.90 $171,283.09
251 $171,283.09 $1,265.77 $0.00 $968.46 $173,517.32
252 $173,517.32 $1,265.77 $0.00 $981.09 $175,764.18
253 $175,764.18 $0.00 $176,760.61 $993.80 -$2.63