Savings Plan and Future Cost Estimation for American Baptist College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$70,131
Monthly savings required$555

How much will it cost to send your child to American Baptist College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $280,522.81 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $555.15 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$27,044.00
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 $555.15 $0.00 $0.00 $555.15
2 $555.15 $555.15 $0.00 $3.14 $1,113.44
3 $1,113.44 $555.15 $0.00 $6.30 $1,674.89
4 $1,674.89 $555.15 $0.00 $9.47 $2,239.51
5 $2,239.51 $555.15 $0.00 $12.66 $2,807.32
6 $2,807.32 $555.15 $0.00 $15.87 $3,378.34
7 $3,378.34 $555.15 $0.00 $19.10 $3,952.59
8 $3,952.59 $555.15 $0.00 $22.35 $4,530.09
9 $4,530.09 $555.15 $0.00 $25.61 $5,110.85
10 $5,110.85 $555.15 $0.00 $28.90 $5,694.90
11 $5,694.90 $555.15 $0.00 $32.20 $6,282.25
12 $6,282.25 $555.15 $0.00 $35.52 $6,872.92
13 $6,872.92 $555.15 $0.00 $38.86 $7,466.93
14 $7,466.93 $555.15 $0.00 $42.22 $8,064.30
15 $8,064.30 $555.15 $0.00 $45.60 $8,665.05
16 $8,665.05 $555.15 $0.00 $48.99 $9,269.19
17 $9,269.19 $555.15 $0.00 $52.41 $9,876.75
18 $9,876.75 $555.15 $0.00 $55.84 $10,487.74
19 $10,487.74 $555.15 $0.00 $59.30 $11,102.19
20 $11,102.19 $555.15 $0.00 $62.77 $11,720.11
21 $11,720.11 $555.15 $0.00 $66.27 $12,341.53
22 $12,341.53 $555.15 $0.00 $69.78 $12,966.46
23 $12,966.46 $555.15 $0.00 $73.31 $13,594.92
24 $13,594.92 $555.15 $0.00 $76.87 $14,226.94
25 $14,226.94 $555.15 $0.00 $80.44 $14,862.53
26 $14,862.53 $555.15 $0.00 $84.03 $15,501.71
27 $15,501.71 $555.15 $0.00 $87.65 $16,144.51
28 $16,144.51 $555.15 $0.00 $91.28 $16,790.94
29 $16,790.94 $555.15 $0.00 $94.94 $17,441.03
30 $17,441.03 $555.15 $0.00 $98.61 $18,094.79
31 $18,094.79 $555.15 $0.00 $102.31 $18,752.25
32 $18,752.25 $555.15 $0.00 $106.03 $19,413.43
33 $19,413.43 $555.15 $0.00 $109.77 $20,078.35
34 $20,078.35 $555.15 $0.00 $113.53 $20,747.03
35 $20,747.03 $555.15 $0.00 $117.31 $21,419.49
36 $21,419.49 $555.15 $0.00 $121.11 $22,095.75
37 $22,095.75 $555.15 $0.00 $124.93 $22,775.83
38 $22,775.83 $555.15 $0.00 $128.78 $23,459.76
39 $23,459.76 $555.15 $0.00 $132.64 $24,147.55
40 $24,147.55 $555.15 $0.00 $136.53 $24,839.23
41 $24,839.23 $555.15 $0.00 $140.44 $25,534.82
42 $25,534.82 $555.15 $0.00 $144.38 $26,234.35
43 $26,234.35 $555.15 $0.00 $148.33 $26,937.83
44 $26,937.83 $555.15 $0.00 $152.31 $27,645.29
45 $27,645.29 $555.15 $0.00 $156.31 $28,356.75
46 $28,356.75 $555.15 $0.00 $160.33 $29,072.23
47 $29,072.23 $555.15 $0.00 $164.38 $29,791.76
48 $29,791.76 $555.15 $0.00 $168.45 $30,515.36
49 $30,515.36 $555.15 $0.00 $172.54 $31,243.05
50 $31,243.05 $555.15 $0.00 $176.65 $31,974.85
51 $31,974.85 $555.15 $0.00 $180.79 $32,710.79
52 $32,710.79 $555.15 $0.00 $184.95 $33,450.89
53 $33,450.89 $555.15 $0.00 $189.14 $34,195.18
54 $34,195.18 $555.15 $0.00 $193.34 $34,943.67
55 $34,943.67 $555.15 $0.00 $197.58 $35,696.40
56 $35,696.40 $555.15 $0.00 $201.83 $36,453.38
57 $36,453.38 $555.15 $0.00 $206.11 $37,214.64
58 $37,214.64 $555.15 $0.00 $210.42 $37,980.21
59 $37,980.21 $555.15 $0.00 $214.75 $38,750.11
60 $38,750.11 $555.15 $0.00 $219.10 $39,524.36
61 $39,524.36 $555.15 $0.00 $223.48 $40,302.99
62 $40,302.99 $555.15 $0.00 $227.88 $41,086.02
63 $41,086.02 $555.15 $0.00 $232.31 $41,873.48
64 $41,873.48 $555.15 $0.00 $236.76 $42,665.39
65 $42,665.39 $555.15 $0.00 $241.24 $43,461.78
66 $43,461.78 $555.15 $0.00 $245.74 $44,262.67
67 $44,262.67 $555.15 $0.00 $250.27 $45,068.09
68 $45,068.09 $555.15 $0.00 $254.82 $45,878.06
69 $45,878.06 $555.15 $0.00 $259.40 $46,692.61
70 $46,692.61 $555.15 $0.00 $264.01 $47,511.77
71 $47,511.77 $555.15 $0.00 $268.64 $48,335.56
72 $48,335.56 $555.15 $0.00 $273.30 $49,164.01
73 $49,164.01 $555.15 $0.00 $277.98 $49,997.14
74 $49,997.14 $555.15 $0.00 $282.69 $50,834.98
75 $50,834.98 $555.15 $0.00 $287.43 $51,677.56
76 $51,677.56 $555.15 $0.00 $292.19 $52,524.90
77 $52,524.90 $555.15 $0.00 $296.98 $53,377.03
78 $53,377.03 $555.15 $0.00 $301.80 $54,233.98
79 $54,233.98 $555.15 $0.00 $306.65 $55,095.78
80 $55,095.78 $555.15 $0.00 $311.52 $55,962.45
81 $55,962.45 $555.15 $0.00 $316.42 $56,834.02
82 $56,834.02 $555.15 $0.00 $321.35 $57,710.52
83 $57,710.52 $555.15 $0.00 $326.30 $58,591.97
84 $58,591.97 $555.15 $0.00 $331.29 $59,478.41
85 $59,478.41 $555.15 $0.00 $336.30 $60,369.86
86 $60,369.86 $555.15 $0.00 $341.34 $61,266.35
87 $61,266.35 $555.15 $0.00 $346.41 $62,167.91
88 $62,167.91 $555.15 $0.00 $351.51 $63,074.57
89 $63,074.57 $555.15 $0.00 $356.63 $63,986.35
90 $63,986.35 $555.15 $0.00 $361.79 $64,903.29
91 $64,903.29 $555.15 $0.00 $366.97 $65,825.41
92 $65,825.41 $555.15 $0.00 $372.19 $66,752.75
93 $66,752.75 $555.15 $0.00 $377.43 $67,685.33
94 $67,685.33 $555.15 $0.00 $382.70 $68,623.18
95 $68,623.18 $555.15 $0.00 $388.01 $69,566.34
96 $69,566.34 $555.15 $0.00 $393.34 $70,514.83
97 $70,514.83 $555.15 $0.00 $398.70 $71,468.68
98 $71,468.68 $555.15 $0.00 $404.09 $72,427.92
99 $72,427.92 $555.15 $0.00 $409.52 $73,392.59
100 $73,392.59 $555.15 $0.00 $414.97 $74,362.71
101 $74,362.71 $555.15 $0.00 $420.46 $75,338.32
102 $75,338.32 $555.15 $0.00 $425.97 $76,319.44
103 $76,319.44 $555.15 $0.00 $431.52 $77,306.11
104 $77,306.11 $555.15 $0.00 $437.10 $78,298.36
105 $78,298.36 $555.15 $0.00 $442.71 $79,296.22
106 $79,296.22 $555.15 $0.00 $448.35 $80,299.72
107 $80,299.72 $555.15 $0.00 $454.03 $81,308.90
108 $81,308.90 $555.15 $0.00 $459.73 $82,323.78
109 $82,323.78 $555.15 $0.00 $465.47 $83,344.40
110 $83,344.40 $555.15 $0.00 $471.24 $84,370.79
111 $84,370.79 $555.15 $0.00 $477.04 $85,402.98
112 $85,402.98 $555.15 $0.00 $482.88 $86,441.01
113 $86,441.01 $555.15 $0.00 $488.75 $87,484.91
114 $87,484.91 $555.15 $0.00 $494.65 $88,534.71
115 $88,534.71 $555.15 $0.00 $500.59 $89,590.45
116 $89,590.45 $555.15 $0.00 $506.56 $90,652.16
117 $90,652.16 $555.15 $0.00 $512.56 $91,719.87
118 $91,719.87 $555.15 $0.00 $518.60 $92,793.62
119 $92,793.62 $555.15 $0.00 $524.67 $93,873.44
120 $93,873.44 $555.15 $0.00 $530.77 $94,959.36
121 $94,959.36 $555.15 $0.00 $536.91 $96,051.42
122 $96,051.42 $555.15 $0.00 $543.09 $97,149.66
123 $97,149.66 $555.15 $0.00 $549.30 $98,254.11
124 $98,254.11 $555.15 $0.00 $555.54 $99,364.80
125 $99,364.80 $555.15 $0.00 $561.82 $100,481.77
126 $100,481.77 $555.15 $0.00 $568.14 $101,605.06
127 $101,605.06 $555.15 $0.00 $574.49 $102,734.70
128 $102,734.70 $555.15 $0.00 $580.88 $103,870.73
129 $103,870.73 $555.15 $0.00 $587.30 $105,013.18
130 $105,013.18 $555.15 $0.00 $593.76 $106,162.09
131 $106,162.09 $555.15 $0.00 $600.26 $107,317.50
132 $107,317.50 $555.15 $0.00 $606.79 $108,479.44
133 $108,479.44 $555.15 $0.00 $613.36 $109,647.95
134 $109,647.95 $555.15 $0.00 $619.97 $110,823.07
135 $110,823.07 $555.15 $0.00 $626.61 $112,004.83
136 $112,004.83 $555.15 $0.00 $633.29 $113,193.27
137 $113,193.27 $555.15 $0.00 $640.01 $114,388.43
138 $114,388.43 $555.15 $0.00 $646.77 $115,590.35
139 $115,590.35 $555.15 $0.00 $653.56 $116,799.06
140 $116,799.06 $555.15 $0.00 $660.40 $118,014.61
141 $118,014.61 $555.15 $0.00 $667.27 $119,237.03
142 $119,237.03 $555.15 $0.00 $674.18 $120,466.36
143 $120,466.36 $555.15 $0.00 $681.13 $121,702.64
144 $121,702.64 $555.15 $0.00 $688.12 $122,945.91
145 $122,945.91 $555.15 $0.00 $695.15 $124,196.21
146 $124,196.21 $555.15 $0.00 $702.22 $125,453.58
147 $125,453.58 $555.15 $0.00 $709.33 $126,718.06
148 $126,718.06 $555.15 $0.00 $716.48 $127,989.69
149 $127,989.69 $555.15 $0.00 $723.67 $129,268.51
150 $129,268.51 $555.15 $0.00 $730.90 $130,554.56
151 $130,554.56 $555.15 $0.00 $738.17 $131,847.88
152 $131,847.88 $555.15 $0.00 $745.49 $133,148.52
153 $133,148.52 $555.15 $0.00 $752.84 $134,456.51
154 $134,456.51 $555.15 $0.00 $760.24 $135,771.90
155 $135,771.90 $555.15 $0.00 $767.67 $137,094.72
156 $137,094.72 $555.15 $0.00 $775.15 $138,425.02
157 $138,425.02 $555.15 $0.00 $782.68 $139,762.85
158 $139,762.85 $555.15 $0.00 $790.24 $141,108.24
159 $141,108.24 $555.15 $0.00 $797.85 $142,461.24
160 $142,461.24 $555.15 $0.00 $805.50 $143,821.89
161 $143,821.89 $555.15 $0.00 $813.19 $145,190.23
162 $145,190.23 $555.15 $0.00 $820.93 $146,566.31
163 $146,566.31 $555.15 $0.00 $828.71 $147,950.17
164 $147,950.17 $555.15 $0.00 $836.53 $149,341.85
165 $149,341.85 $555.15 $0.00 $844.40 $150,741.40
166 $150,741.40 $555.15 $0.00 $852.31 $152,148.86
167 $152,148.86 $555.15 $0.00 $860.27 $153,564.28
168 $153,564.28 $555.15 $0.00 $868.27 $154,987.70
169 $154,987.70 $555.15 $0.00 $876.32 $156,419.17
170 $156,419.17 $555.15 $0.00 $884.42 $157,858.74
171 $157,858.74 $555.15 $0.00 $892.56 $159,306.45
172 $159,306.45 $555.15 $0.00 $900.74 $160,762.34
173 $160,762.34 $555.15 $0.00 $908.97 $162,226.46
174 $162,226.46 $555.15 $0.00 $917.25 $163,698.86
175 $163,698.86 $555.15 $0.00 $925.58 $165,179.59
176 $165,179.59 $555.15 $0.00 $933.95 $166,668.69
177 $166,668.69 $555.15 $0.00 $942.37 $168,166.21
178 $168,166.21 $555.15 $0.00 $950.84 $169,672.20
179 $169,672.20 $555.15 $0.00 $959.35 $171,186.70
180 $171,186.70 $555.15 $0.00 $967.91 $172,709.76
181 $172,709.76 $555.15 $0.00 $976.53 $174,241.44
182 $174,241.44 $555.15 $0.00 $985.19 $175,781.78
183 $175,781.78 $555.15 $0.00 $993.90 $177,330.83
184 $177,330.83 $555.15 $0.00 $1,002.65 $178,888.63
185 $178,888.63 $555.15 $0.00 $1,011.46 $180,455.24
186 $180,455.24 $555.15 $0.00 $1,020.32 $182,030.71
187 $182,030.71 $555.15 $0.00 $1,029.23 $183,615.09
188 $183,615.09 $555.15 $0.00 $1,038.19 $185,208.43
189 $185,208.43 $555.15 $0.00 $1,047.20 $186,810.78
190 $186,810.78 $555.15 $0.00 $1,056.26 $188,422.19
191 $188,422.19 $555.15 $0.00 $1,065.37 $190,042.71
192 $190,042.71 $555.15 $0.00 $1,074.53 $191,672.39
193 $191,672.39 $555.15 $0.00 $1,083.74 $193,311.28
194 $193,311.28 $555.15 $0.00 $1,093.01 $194,959.44
195 $194,959.44 $555.15 $0.00 $1,102.33 $196,616.92
196 $196,616.92 $555.15 $0.00 $1,111.70 $198,283.77
197 $198,283.77 $555.15 $0.00 $1,121.13 $199,960.05
198 $199,960.05 $555.15 $0.00 $1,130.60 $201,645.80
199 $201,645.80 $555.15 $0.00 $1,140.13 $203,341.08
200 $203,341.08 $555.15 $0.00 $1,149.72 $205,045.95
201 $205,045.95 $555.15 $0.00 $1,159.36 $206,760.46
202 $206,760.46 $555.15 $0.00 $1,169.05 $208,484.66
203 $208,484.66 $555.15 $0.00 $1,178.80 $210,218.61
204 $210,218.61 $555.15 $0.00 $1,188.61 $211,962.37
205 $211,962.37 $555.15 $0.00 $1,198.47 $213,715.99
206 $213,715.99 $555.15 $0.00 $1,208.38 $215,479.52
207 $215,479.52 $555.15 $0.00 $1,218.35 $217,253.02
208 $217,253.02 $555.15 $0.00 $1,228.38 $219,036.55
209 $219,036.55 $555.15 $0.00 $1,238.46 $220,830.16
210 $220,830.16 $555.15 $0.00 $1,248.61 $222,633.92
211 $222,633.92 $555.15 $0.00 $1,258.80 $224,447.87
212 $224,447.87 $555.15 $0.00 $1,269.06 $226,272.08
213 $226,272.08 $555.15 $0.00 $1,279.38 $228,106.61
214 $228,106.61 $555.15 $0.00 $1,289.75 $229,951.51
215 $229,951.51 $555.15 $0.00 $1,300.18 $231,806.84
216 $231,806.84 $555.15 $0.00 $1,310.67 $233,672.66
217 $233,672.66 $555.15 $65,084.61 $1,321.22 $170,464.42
218 $170,464.42 $555.15 $0.00 $963.83 $171,983.40
219 $171,983.40 $555.15 $0.00 $972.42 $173,510.97
220 $173,510.97 $555.15 $0.00 $981.06 $175,047.18
221 $175,047.18 $555.15 $0.00 $989.74 $176,592.07
222 $176,592.07 $555.15 $0.00 $998.48 $178,145.70
223 $178,145.70 $555.15 $0.00 $1,007.26 $179,708.11
224 $179,708.11 $555.15 $0.00 $1,016.10 $181,279.36
225 $181,279.36 $555.15 $0.00 $1,024.98 $182,859.49
226 $182,859.49 $555.15 $0.00 $1,033.91 $184,448.55
227 $184,448.55 $555.15 $0.00 $1,042.90 $186,046.60
228 $186,046.60 $555.15 $0.00 $1,051.93 $187,653.68
229 $187,653.68 $555.15 $68,338.84 $1,061.02 $120,931.01
230 $120,931.01 $555.15 $0.00 $683.76 $122,169.92
231 $122,169.92 $555.15 $0.00 $690.77 $123,415.84
232 $123,415.84 $555.15 $0.00 $697.81 $124,668.80
233 $124,668.80 $555.15 $0.00 $704.90 $125,928.85
234 $125,928.85 $555.15 $0.00 $712.02 $127,196.02
235 $127,196.02 $555.15 $0.00 $719.18 $128,470.35
236 $128,470.35 $555.15 $0.00 $726.39 $129,751.89
237 $129,751.89 $555.15 $0.00 $733.64 $131,040.68
238 $131,040.68 $555.15 $0.00 $740.92 $132,336.75
239 $132,336.75 $555.15 $0.00 $748.25 $133,640.15
240 $133,640.15 $555.15 $0.00 $755.62 $134,950.92
241 $134,950.92 $555.15 $71,755.78 $763.03 $64,513.32
242 $64,513.32 $555.15 $0.00 $364.77 $65,433.24
243 $65,433.24 $555.15 $0.00 $369.97 $66,358.36
244 $66,358.36 $555.15 $0.00 $375.20 $67,288.71
245 $67,288.71 $555.15 $0.00 $380.46 $68,224.32
246 $68,224.32 $555.15 $0.00 $385.75 $69,165.22
247 $69,165.22 $555.15 $0.00 $391.07 $70,111.44
248 $70,111.44 $555.15 $0.00 $396.42 $71,063.01
249 $71,063.01 $555.15 $0.00 $401.80 $72,019.96
250 $72,019.96 $555.15 $0.00 $407.21 $72,982.32
251 $72,982.32 $555.15 $0.00 $412.65 $73,950.12
252 $73,950.12 $555.15 $0.00 $418.12 $74,923.39
253 $74,923.39 $0.00 $75,343.57 $423.63 $3.45