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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$61,630
Monthly savings required$488

How much will it cost to send your child to National American University Rapid City in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $246,520.67 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $487.86 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$23,766.00
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 $487.86 $0.00 $0.00 $487.86
2 $487.86 $487.86 $0.00 $2.76 $978.48
3 $978.48 $487.86 $0.00 $5.53 $1,471.87
4 $1,471.87 $487.86 $0.00 $8.32 $1,968.05
5 $1,968.05 $487.86 $0.00 $11.13 $2,467.04
6 $2,467.04 $487.86 $0.00 $13.95 $2,968.85
7 $2,968.85 $487.86 $0.00 $16.79 $3,473.50
8 $3,473.50 $487.86 $0.00 $19.64 $3,981.00
9 $3,981.00 $487.86 $0.00 $22.51 $4,491.37
10 $4,491.37 $487.86 $0.00 $25.39 $5,004.62
11 $5,004.62 $487.86 $0.00 $28.30 $5,520.78
12 $5,520.78 $487.86 $0.00 $31.22 $6,039.86
13 $6,039.86 $487.86 $0.00 $34.15 $6,561.87
14 $6,561.87 $487.86 $0.00 $37.10 $7,086.83
15 $7,086.83 $487.86 $0.00 $40.07 $7,614.76
16 $7,614.76 $487.86 $0.00 $43.05 $8,145.67
17 $8,145.67 $487.86 $0.00 $46.06 $8,679.59
18 $8,679.59 $487.86 $0.00 $49.08 $9,216.53
19 $9,216.53 $487.86 $0.00 $52.11 $9,756.50
20 $9,756.50 $487.86 $0.00 $55.16 $10,299.52
21 $10,299.52 $487.86 $0.00 $58.23 $10,845.61
22 $10,845.61 $487.86 $0.00 $61.32 $11,394.79
23 $11,394.79 $487.86 $0.00 $64.43 $11,947.08
24 $11,947.08 $487.86 $0.00 $67.55 $12,502.49
25 $12,502.49 $487.86 $0.00 $70.69 $13,061.04
26 $13,061.04 $487.86 $0.00 $73.85 $13,622.75
27 $13,622.75 $487.86 $0.00 $77.03 $14,187.64
28 $14,187.64 $487.86 $0.00 $80.22 $14,755.72
29 $14,755.72 $487.86 $0.00 $83.43 $15,327.01
30 $15,327.01 $487.86 $0.00 $86.66 $15,901.53
31 $15,901.53 $487.86 $0.00 $89.91 $16,479.30
32 $16,479.30 $487.86 $0.00 $93.18 $17,060.34
33 $17,060.34 $487.86 $0.00 $96.46 $17,644.66
34 $17,644.66 $487.86 $0.00 $99.77 $18,232.29
35 $18,232.29 $487.86 $0.00 $103.09 $18,823.24
36 $18,823.24 $487.86 $0.00 $106.43 $19,417.53
37 $19,417.53 $487.86 $0.00 $109.79 $20,015.18
38 $20,015.18 $487.86 $0.00 $113.17 $20,616.21
39 $20,616.21 $487.86 $0.00 $116.57 $21,220.64
40 $21,220.64 $487.86 $0.00 $119.98 $21,828.48
41 $21,828.48 $487.86 $0.00 $123.42 $22,439.76
42 $22,439.76 $487.86 $0.00 $126.88 $23,054.50
43 $23,054.50 $487.86 $0.00 $130.35 $23,672.71
44 $23,672.71 $487.86 $0.00 $133.85 $24,294.42
45 $24,294.42 $487.86 $0.00 $137.36 $24,919.64
46 $24,919.64 $487.86 $0.00 $140.90 $25,548.40
47 $25,548.40 $487.86 $0.00 $144.45 $26,180.71
48 $26,180.71 $487.86 $0.00 $148.03 $26,816.60
49 $26,816.60 $487.86 $0.00 $151.62 $27,456.08
50 $27,456.08 $487.86 $0.00 $155.24 $28,099.18
51 $28,099.18 $487.86 $0.00 $158.88 $28,745.92
52 $28,745.92 $487.86 $0.00 $162.53 $29,396.31
53 $29,396.31 $487.86 $0.00 $166.21 $30,050.38
54 $30,050.38 $487.86 $0.00 $169.91 $30,708.15
55 $30,708.15 $487.86 $0.00 $173.63 $31,369.64
56 $31,369.64 $487.86 $0.00 $177.37 $32,034.87
57 $32,034.87 $487.86 $0.00 $181.13 $32,703.86
58 $32,703.86 $487.86 $0.00 $184.91 $33,376.63
59 $33,376.63 $487.86 $0.00 $188.72 $34,053.21
60 $34,053.21 $487.86 $0.00 $192.54 $34,733.61
61 $34,733.61 $487.86 $0.00 $196.39 $35,417.86
62 $35,417.86 $487.86 $0.00 $200.26 $36,105.98
63 $36,105.98 $487.86 $0.00 $204.15 $36,797.99
64 $36,797.99 $487.86 $0.00 $208.06 $37,493.91
65 $37,493.91 $487.86 $0.00 $212.00 $38,193.77
66 $38,193.77 $487.86 $0.00 $215.95 $38,897.58
67 $38,897.58 $487.86 $0.00 $219.93 $39,605.37
68 $39,605.37 $487.86 $0.00 $223.93 $40,317.16
69 $40,317.16 $487.86 $0.00 $227.96 $41,032.98
70 $41,032.98 $487.86 $0.00 $232.01 $41,752.85
71 $41,752.85 $487.86 $0.00 $236.08 $42,476.79
72 $42,476.79 $487.86 $0.00 $240.17 $43,204.82
73 $43,204.82 $487.86 $0.00 $244.29 $43,936.97
74 $43,936.97 $487.86 $0.00 $248.43 $44,673.26
75 $44,673.26 $487.86 $0.00 $252.59 $45,413.71
76 $45,413.71 $487.86 $0.00 $256.78 $46,158.35
77 $46,158.35 $487.86 $0.00 $260.99 $46,907.20
78 $46,907.20 $487.86 $0.00 $265.22 $47,660.28
79 $47,660.28 $487.86 $0.00 $269.48 $48,417.62
80 $48,417.62 $487.86 $0.00 $273.76 $49,179.24
81 $49,179.24 $487.86 $0.00 $278.07 $49,945.17
82 $49,945.17 $487.86 $0.00 $282.40 $50,715.43
83 $50,715.43 $487.86 $0.00 $286.75 $51,490.04
84 $51,490.04 $487.86 $0.00 $291.13 $52,269.03
85 $52,269.03 $487.86 $0.00 $295.54 $53,052.43
86 $53,052.43 $487.86 $0.00 $299.97 $53,840.26
87 $53,840.26 $487.86 $0.00 $304.42 $54,632.54
88 $54,632.54 $487.86 $0.00 $308.90 $55,429.30
89 $55,429.30 $487.86 $0.00 $313.41 $56,230.57
90 $56,230.57 $487.86 $0.00 $317.94 $57,036.37
91 $57,036.37 $487.86 $0.00 $322.49 $57,846.72
92 $57,846.72 $487.86 $0.00 $327.07 $58,661.65
93 $58,661.65 $487.86 $0.00 $331.68 $59,481.19
94 $59,481.19 $487.86 $0.00 $336.32 $60,305.37
95 $60,305.37 $487.86 $0.00 $340.98 $61,134.21
96 $61,134.21 $487.86 $0.00 $345.66 $61,967.73
97 $61,967.73 $487.86 $0.00 $350.37 $62,805.96
98 $62,805.96 $487.86 $0.00 $355.11 $63,648.93
99 $63,648.93 $487.86 $0.00 $359.88 $64,496.67
100 $64,496.67 $487.86 $0.00 $364.67 $65,349.20
101 $65,349.20 $487.86 $0.00 $369.49 $66,206.55
102 $66,206.55 $487.86 $0.00 $374.34 $67,068.75
103 $67,068.75 $487.86 $0.00 $379.22 $67,935.83
104 $67,935.83 $487.86 $0.00 $384.12 $68,807.81
105 $68,807.81 $487.86 $0.00 $389.05 $69,684.72
106 $69,684.72 $487.86 $0.00 $394.01 $70,566.59
107 $70,566.59 $487.86 $0.00 $398.99 $71,453.44
108 $71,453.44 $487.86 $0.00 $404.01 $72,345.31
109 $72,345.31 $487.86 $0.00 $409.05 $73,242.22
110 $73,242.22 $487.86 $0.00 $414.12 $74,144.20
111 $74,144.20 $487.86 $0.00 $419.22 $75,051.28
112 $75,051.28 $487.86 $0.00 $424.35 $75,963.49
113 $75,963.49 $487.86 $0.00 $429.51 $76,880.86
114 $76,880.86 $487.86 $0.00 $434.70 $77,803.42
115 $77,803.42 $487.86 $0.00 $439.91 $78,731.19
116 $78,731.19 $487.86 $0.00 $445.16 $79,664.21
117 $79,664.21 $487.86 $0.00 $450.43 $80,602.50
118 $80,602.50 $487.86 $0.00 $455.74 $81,546.10
119 $81,546.10 $487.86 $0.00 $461.07 $82,495.03
120 $82,495.03 $487.86 $0.00 $466.44 $83,449.33
121 $83,449.33 $487.86 $0.00 $471.83 $84,409.02
122 $84,409.02 $487.86 $0.00 $477.26 $85,374.14
123 $85,374.14 $487.86 $0.00 $482.72 $86,344.72
124 $86,344.72 $487.86 $0.00 $488.21 $87,320.79
125 $87,320.79 $487.86 $0.00 $493.72 $88,302.37
126 $88,302.37 $487.86 $0.00 $499.27 $89,289.50
127 $89,289.50 $487.86 $0.00 $504.86 $90,282.22
128 $90,282.22 $487.86 $0.00 $510.47 $91,280.55
129 $91,280.55 $487.86 $0.00 $516.11 $92,284.52
130 $92,284.52 $487.86 $0.00 $521.79 $93,294.17
131 $93,294.17 $487.86 $0.00 $527.50 $94,309.53
132 $94,309.53 $487.86 $0.00 $533.24 $95,330.63
133 $95,330.63 $487.86 $0.00 $539.01 $96,357.50
134 $96,357.50 $487.86 $0.00 $544.82 $97,390.18
135 $97,390.18 $487.86 $0.00 $550.66 $98,428.70
136 $98,428.70 $487.86 $0.00 $556.53 $99,473.09
137 $99,473.09 $487.86 $0.00 $562.44 $100,523.39
138 $100,523.39 $487.86 $0.00 $568.37 $101,579.62
139 $101,579.62 $487.86 $0.00 $574.35 $102,641.83
140 $102,641.83 $487.86 $0.00 $580.35 $103,710.04
141 $103,710.04 $487.86 $0.00 $586.39 $104,784.29
142 $104,784.29 $487.86 $0.00 $592.47 $105,864.62
143 $105,864.62 $487.86 $0.00 $598.57 $106,951.05
144 $106,951.05 $487.86 $0.00 $604.72 $108,043.63
145 $108,043.63 $487.86 $0.00 $610.89 $109,142.38
146 $109,142.38 $487.86 $0.00 $617.11 $110,247.35
147 $110,247.35 $487.86 $0.00 $623.35 $111,358.56
148 $111,358.56 $487.86 $0.00 $629.64 $112,476.06
149 $112,476.06 $487.86 $0.00 $635.96 $113,599.88
150 $113,599.88 $487.86 $0.00 $642.31 $114,730.05
151 $114,730.05 $487.86 $0.00 $648.70 $115,866.61
152 $115,866.61 $487.86 $0.00 $655.13 $117,009.60
153 $117,009.60 $487.86 $0.00 $661.59 $118,159.05
154 $118,159.05 $487.86 $0.00 $668.09 $119,315.00
155 $119,315.00 $487.86 $0.00 $674.62 $120,477.48
156 $120,477.48 $487.86 $0.00 $681.20 $121,646.54
157 $121,646.54 $487.86 $0.00 $687.81 $122,822.21
158 $122,822.21 $487.86 $0.00 $694.45 $124,004.52
159 $124,004.52 $487.86 $0.00 $701.14 $125,193.52
160 $125,193.52 $487.86 $0.00 $707.86 $126,389.24
161 $126,389.24 $487.86 $0.00 $714.62 $127,591.72
162 $127,591.72 $487.86 $0.00 $721.42 $128,801.00
163 $128,801.00 $487.86 $0.00 $728.26 $130,017.12
164 $130,017.12 $487.86 $0.00 $735.14 $131,240.12
165 $131,240.12 $487.86 $0.00 $742.05 $132,470.03
166 $132,470.03 $487.86 $0.00 $749.00 $133,706.89
167 $133,706.89 $487.86 $0.00 $756.00 $134,950.75
168 $134,950.75 $487.86 $0.00 $763.03 $136,201.64
169 $136,201.64 $487.86 $0.00 $770.10 $137,459.60
170 $137,459.60 $487.86 $0.00 $777.22 $138,724.68
171 $138,724.68 $487.86 $0.00 $784.37 $139,996.91
172 $139,996.91 $487.86 $0.00 $791.56 $141,276.33
173 $141,276.33 $487.86 $0.00 $798.80 $142,562.99
174 $142,562.99 $487.86 $0.00 $806.07 $143,856.92
175 $143,856.92 $487.86 $0.00 $813.39 $145,158.17
176 $145,158.17 $487.86 $0.00 $820.75 $146,466.78
177 $146,466.78 $487.86 $0.00 $828.14 $147,782.78
178 $147,782.78 $487.86 $0.00 $835.59 $149,106.23
179 $149,106.23 $487.86 $0.00 $843.07 $150,437.16
180 $150,437.16 $487.86 $0.00 $850.59 $151,775.61
181 $151,775.61 $487.86 $0.00 $858.16 $153,121.63
182 $153,121.63 $487.86 $0.00 $865.77 $154,475.26
183 $154,475.26 $487.86 $0.00 $873.43 $155,836.55
184 $155,836.55 $487.86 $0.00 $881.12 $157,205.53
185 $157,205.53 $487.86 $0.00 $888.86 $158,582.25
186 $158,582.25 $487.86 $0.00 $896.65 $159,966.76
187 $159,966.76 $487.86 $0.00 $904.48 $161,359.10
188 $161,359.10 $487.86 $0.00 $912.35 $162,759.31
189 $162,759.31 $487.86 $0.00 $920.26 $164,167.43
190 $164,167.43 $487.86 $0.00 $928.23 $165,583.52
191 $165,583.52 $487.86 $0.00 $936.23 $167,007.61
192 $167,007.61 $487.86 $0.00 $944.29 $168,439.76
193 $168,439.76 $487.86 $0.00 $952.38 $169,880.00
194 $169,880.00 $487.86 $0.00 $960.53 $171,328.39
195 $171,328.39 $487.86 $0.00 $968.72 $172,784.97
196 $172,784.97 $487.86 $0.00 $976.95 $174,249.78
197 $174,249.78 $487.86 $0.00 $985.23 $175,722.87
198 $175,722.87 $487.86 $0.00 $993.56 $177,204.29
199 $177,204.29 $487.86 $0.00 $1,001.94 $178,694.09
200 $178,694.09 $487.86 $0.00 $1,010.36 $180,192.31
201 $180,192.31 $487.86 $0.00 $1,018.83 $181,699.00
202 $181,699.00 $487.86 $0.00 $1,027.35 $183,214.21
203 $183,214.21 $487.86 $0.00 $1,035.92 $184,737.99
204 $184,737.99 $487.86 $0.00 $1,044.54 $186,270.39
205 $186,270.39 $487.86 $0.00 $1,053.20 $187,811.45
206 $187,811.45 $487.86 $0.00 $1,061.91 $189,361.22
207 $189,361.22 $487.86 $0.00 $1,070.68 $190,919.76
208 $190,919.76 $487.86 $0.00 $1,079.49 $192,487.11
209 $192,487.11 $487.86 $0.00 $1,088.35 $194,063.32
210 $194,063.32 $487.86 $0.00 $1,097.26 $195,648.44
211 $195,648.44 $487.86 $0.00 $1,106.22 $197,242.52
212 $197,242.52 $487.86 $0.00 $1,115.24 $198,845.62
213 $198,845.62 $487.86 $0.00 $1,124.30 $200,457.78
214 $200,457.78 $487.86 $0.00 $1,133.42 $202,079.06
215 $202,079.06 $487.86 $0.00 $1,142.58 $203,709.50
216 $203,709.50 $487.86 $0.00 $1,151.80 $205,349.16
217 $205,349.16 $487.86 $57,195.71 $1,161.07 $149,802.38
218 $149,802.38 $487.86 $0.00 $847.00 $151,137.24
219 $151,137.24 $487.86 $0.00 $854.55 $152,479.65
220 $152,479.65 $487.86 $0.00 $862.14 $153,829.65
221 $153,829.65 $487.86 $0.00 $869.78 $155,187.29
222 $155,187.29 $487.86 $0.00 $877.45 $156,552.60
223 $156,552.60 $487.86 $0.00 $885.17 $157,925.63
224 $157,925.63 $487.86 $0.00 $892.93 $159,306.42
225 $159,306.42 $487.86 $0.00 $900.74 $160,695.02
226 $160,695.02 $487.86 $0.00 $908.59 $162,091.47
227 $162,091.47 $487.86 $0.00 $916.49 $163,495.82
228 $163,495.82 $487.86 $0.00 $924.43 $164,908.11
229 $164,908.11 $487.86 $60,055.50 $932.41 $106,272.88
230 $106,272.88 $487.86 $0.00 $600.88 $107,361.62
231 $107,361.62 $487.86 $0.00 $607.04 $108,456.52
232 $108,456.52 $487.86 $0.00 $613.23 $109,557.61
233 $109,557.61 $487.86 $0.00 $619.45 $110,664.92
234 $110,664.92 $487.86 $0.00 $625.72 $111,778.50
235 $111,778.50 $487.86 $0.00 $632.01 $112,898.37
236 $112,898.37 $487.86 $0.00 $638.34 $114,024.57
237 $114,024.57 $487.86 $0.00 $644.71 $115,157.14
238 $115,157.14 $487.86 $0.00 $651.12 $116,296.12
239 $116,296.12 $487.86 $0.00 $657.56 $117,441.54
240 $117,441.54 $487.86 $0.00 $664.03 $118,593.43
241 $118,593.43 $487.86 $63,058.27 $670.54 $56,693.56
242 $56,693.56 $487.86 $0.00 $320.55 $57,501.97
243 $57,501.97 $487.86 $0.00 $325.12 $58,314.95
244 $58,314.95 $487.86 $0.00 $329.72 $59,132.53
245 $59,132.53 $487.86 $0.00 $334.34 $59,954.73
246 $59,954.73 $487.86 $0.00 $338.99 $60,781.58
247 $60,781.58 $487.86 $0.00 $343.67 $61,613.11
248 $61,613.11 $487.86 $0.00 $348.37 $62,449.34
249 $62,449.34 $487.86 $0.00 $353.10 $63,290.30
250 $63,290.30 $487.86 $0.00 $357.85 $64,136.01
251 $64,136.01 $487.86 $0.00 $362.63 $64,986.50
252 $64,986.50 $487.86 $0.00 $367.44 $65,841.80
253 $65,841.80 $0.00 $66,211.19 $372.28 $2.89