Savings Plan and Future Cost Estimation for Baptist Memorial College of Health Sciences

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$58,970
Monthly savings required$467

How much will it cost to send your child to Baptist Memorial College of Health Sciences in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $235,878.15 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $466.80 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$22,740.00
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 $466.80 $0.00 $0.00 $466.80
2 $466.80 $466.80 $0.00 $2.64 $936.24
3 $936.24 $466.80 $0.00 $5.29 $1,408.33
4 $1,408.33 $466.80 $0.00 $7.96 $1,883.09
5 $1,883.09 $466.80 $0.00 $10.65 $2,360.54
6 $2,360.54 $466.80 $0.00 $13.35 $2,840.69
7 $2,840.69 $466.80 $0.00 $16.06 $3,323.55
8 $3,323.55 $466.80 $0.00 $18.79 $3,809.14
9 $3,809.14 $466.80 $0.00 $21.54 $4,297.48
10 $4,297.48 $466.80 $0.00 $24.30 $4,788.58
11 $4,788.58 $466.80 $0.00 $27.08 $5,282.46
12 $5,282.46 $466.80 $0.00 $29.87 $5,779.13
13 $5,779.13 $466.80 $0.00 $32.68 $6,278.61
14 $6,278.61 $466.80 $0.00 $35.50 $6,780.91
15 $6,780.91 $466.80 $0.00 $38.34 $7,286.05
16 $7,286.05 $466.80 $0.00 $41.20 $7,794.05
17 $7,794.05 $466.80 $0.00 $44.07 $8,304.92
18 $8,304.92 $466.80 $0.00 $46.96 $8,818.68
19 $8,818.68 $466.80 $0.00 $49.86 $9,335.34
20 $9,335.34 $466.80 $0.00 $52.78 $9,854.92
21 $9,854.92 $466.80 $0.00 $55.72 $10,377.44
22 $10,377.44 $466.80 $0.00 $58.68 $10,902.92
23 $10,902.92 $466.80 $0.00 $61.65 $11,431.37
24 $11,431.37 $466.80 $0.00 $64.63 $11,962.80
25 $11,962.80 $466.80 $0.00 $67.64 $12,497.24
26 $12,497.24 $466.80 $0.00 $70.66 $13,034.70
27 $13,034.70 $466.80 $0.00 $73.70 $13,575.20
28 $13,575.20 $466.80 $0.00 $76.76 $14,118.76
29 $14,118.76 $466.80 $0.00 $79.83 $14,665.39
30 $14,665.39 $466.80 $0.00 $82.92 $15,215.11
31 $15,215.11 $466.80 $0.00 $86.03 $15,767.94
32 $15,767.94 $466.80 $0.00 $89.15 $16,323.89
33 $16,323.89 $466.80 $0.00 $92.30 $16,882.99
34 $16,882.99 $466.80 $0.00 $95.46 $17,445.25
35 $17,445.25 $466.80 $0.00 $98.64 $18,010.69
36 $18,010.69 $466.80 $0.00 $101.84 $18,579.33
37 $18,579.33 $466.80 $0.00 $105.05 $19,151.18
38 $19,151.18 $466.80 $0.00 $108.28 $19,726.26
39 $19,726.26 $466.80 $0.00 $111.54 $20,304.60
40 $20,304.60 $466.80 $0.00 $114.81 $20,886.21
41 $20,886.21 $466.80 $0.00 $118.09 $21,471.10
42 $21,471.10 $466.80 $0.00 $121.40 $22,059.30
43 $22,059.30 $466.80 $0.00 $124.73 $22,650.83
44 $22,650.83 $466.80 $0.00 $128.07 $23,245.70
45 $23,245.70 $466.80 $0.00 $131.43 $23,843.93
46 $23,843.93 $466.80 $0.00 $134.82 $24,445.55
47 $24,445.55 $466.80 $0.00 $138.22 $25,050.57
48 $25,050.57 $466.80 $0.00 $141.64 $25,659.01
49 $25,659.01 $466.80 $0.00 $145.08 $26,270.89
50 $26,270.89 $466.80 $0.00 $148.54 $26,886.23
51 $26,886.23 $466.80 $0.00 $152.02 $27,505.05
52 $27,505.05 $466.80 $0.00 $155.52 $28,127.37
53 $28,127.37 $466.80 $0.00 $159.04 $28,753.21
54 $28,753.21 $466.80 $0.00 $162.57 $29,382.58
55 $29,382.58 $466.80 $0.00 $166.13 $30,015.51
56 $30,015.51 $466.80 $0.00 $169.71 $30,652.02
57 $30,652.02 $466.80 $0.00 $173.31 $31,292.13
58 $31,292.13 $466.80 $0.00 $176.93 $31,935.86
59 $31,935.86 $466.80 $0.00 $180.57 $32,583.23
60 $32,583.23 $466.80 $0.00 $184.23 $33,234.26
61 $33,234.26 $466.80 $0.00 $187.91 $33,888.97
62 $33,888.97 $466.80 $0.00 $191.61 $34,547.38
63 $34,547.38 $466.80 $0.00 $195.34 $35,209.52
64 $35,209.52 $466.80 $0.00 $199.08 $35,875.40
65 $35,875.40 $466.80 $0.00 $202.84 $36,545.04
66 $36,545.04 $466.80 $0.00 $206.63 $37,218.47
67 $37,218.47 $466.80 $0.00 $210.44 $37,895.71
68 $37,895.71 $466.80 $0.00 $214.27 $38,576.78
69 $38,576.78 $466.80 $0.00 $218.12 $39,261.70
70 $39,261.70 $466.80 $0.00 $221.99 $39,950.49
71 $39,950.49 $466.80 $0.00 $225.89 $40,643.18
72 $40,643.18 $466.80 $0.00 $229.80 $41,339.78
73 $41,339.78 $466.80 $0.00 $233.74 $42,040.32
74 $42,040.32 $466.80 $0.00 $237.70 $42,744.82
75 $42,744.82 $466.80 $0.00 $241.69 $43,453.31
76 $43,453.31 $466.80 $0.00 $245.69 $44,165.80
77 $44,165.80 $466.80 $0.00 $249.72 $44,882.32
78 $44,882.32 $466.80 $0.00 $253.77 $45,602.89
79 $45,602.89 $466.80 $0.00 $257.85 $46,327.54
80 $46,327.54 $466.80 $0.00 $261.94 $47,056.28
81 $47,056.28 $466.80 $0.00 $266.06 $47,789.14
82 $47,789.14 $466.80 $0.00 $270.21 $48,526.15
83 $48,526.15 $466.80 $0.00 $274.37 $49,267.32
84 $49,267.32 $466.80 $0.00 $278.56 $50,012.68
85 $50,012.68 $466.80 $0.00 $282.78 $50,762.26
86 $50,762.26 $466.80 $0.00 $287.02 $51,516.08
87 $51,516.08 $466.80 $0.00 $291.28 $52,274.16
88 $52,274.16 $466.80 $0.00 $295.57 $53,036.53
89 $53,036.53 $466.80 $0.00 $299.88 $53,803.21
90 $53,803.21 $466.80 $0.00 $304.21 $54,574.22
91 $54,574.22 $466.80 $0.00 $308.57 $55,349.59
92 $55,349.59 $466.80 $0.00 $312.95 $56,129.34
93 $56,129.34 $466.80 $0.00 $317.36 $56,913.50
94 $56,913.50 $466.80 $0.00 $321.80 $57,702.10
95 $57,702.10 $466.80 $0.00 $326.26 $58,495.16
96 $58,495.16 $466.80 $0.00 $330.74 $59,292.70
97 $59,292.70 $466.80 $0.00 $335.25 $60,094.75
98 $60,094.75 $466.80 $0.00 $339.78 $60,901.33
99 $60,901.33 $466.80 $0.00 $344.34 $61,712.47
100 $61,712.47 $466.80 $0.00 $348.93 $62,528.20
101 $62,528.20 $466.80 $0.00 $353.54 $63,348.54
102 $63,348.54 $466.80 $0.00 $358.18 $64,173.52
103 $64,173.52 $466.80 $0.00 $362.85 $65,003.17
104 $65,003.17 $466.80 $0.00 $367.54 $65,837.51
105 $65,837.51 $466.80 $0.00 $372.25 $66,676.56
106 $66,676.56 $466.80 $0.00 $377.00 $67,520.36
107 $67,520.36 $466.80 $0.00 $381.77 $68,368.93
108 $68,368.93 $466.80 $0.00 $386.57 $69,222.30
109 $69,222.30 $466.80 $0.00 $391.39 $70,080.49
110 $70,080.49 $466.80 $0.00 $396.25 $70,943.54
111 $70,943.54 $466.80 $0.00 $401.13 $71,811.47
112 $71,811.47 $466.80 $0.00 $406.03 $72,684.30
113 $72,684.30 $466.80 $0.00 $410.97 $73,562.07
114 $73,562.07 $466.80 $0.00 $415.93 $74,444.80
115 $74,444.80 $466.80 $0.00 $420.92 $75,332.52
116 $75,332.52 $466.80 $0.00 $425.94 $76,225.26
117 $76,225.26 $466.80 $0.00 $430.99 $77,123.05
118 $77,123.05 $466.80 $0.00 $436.06 $78,025.91
119 $78,025.91 $466.80 $0.00 $441.17 $78,933.88
120 $78,933.88 $466.80 $0.00 $446.30 $79,846.98
121 $79,846.98 $466.80 $0.00 $451.47 $80,765.25
122 $80,765.25 $466.80 $0.00 $456.66 $81,688.71
123 $81,688.71 $466.80 $0.00 $461.88 $82,617.39
124 $82,617.39 $466.80 $0.00 $467.13 $83,551.32
125 $83,551.32 $466.80 $0.00 $472.41 $84,490.53
126 $84,490.53 $466.80 $0.00 $477.72 $85,435.05
127 $85,435.05 $466.80 $0.00 $483.06 $86,384.91
128 $86,384.91 $466.80 $0.00 $488.43 $87,340.14
129 $87,340.14 $466.80 $0.00 $493.83 $88,300.77
130 $88,300.77 $466.80 $0.00 $499.27 $89,266.84
131 $89,266.84 $466.80 $0.00 $504.73 $90,238.37
132 $90,238.37 $466.80 $0.00 $510.22 $91,215.39
133 $91,215.39 $466.80 $0.00 $515.75 $92,197.94
134 $92,197.94 $466.80 $0.00 $521.30 $93,186.04
135 $93,186.04 $466.80 $0.00 $526.89 $94,179.73
136 $94,179.73 $466.80 $0.00 $532.51 $95,179.04
137 $95,179.04 $466.80 $0.00 $538.16 $96,184.00
138 $96,184.00 $466.80 $0.00 $543.84 $97,194.64
139 $97,194.64 $466.80 $0.00 $549.55 $98,210.99
140 $98,210.99 $466.80 $0.00 $555.30 $99,233.09
141 $99,233.09 $466.80 $0.00 $561.08 $100,260.97
142 $100,260.97 $466.80 $0.00 $566.89 $101,294.66
143 $101,294.66 $466.80 $0.00 $572.73 $102,334.19
144 $102,334.19 $466.80 $0.00 $578.61 $103,379.60
145 $103,379.60 $466.80 $0.00 $584.52 $104,430.92
146 $104,430.92 $466.80 $0.00 $590.47 $105,488.19
147 $105,488.19 $466.80 $0.00 $596.45 $106,551.44
148 $106,551.44 $466.80 $0.00 $602.46 $107,620.70
149 $107,620.70 $466.80 $0.00 $608.50 $108,696.00
150 $108,696.00 $466.80 $0.00 $614.58 $109,777.38
151 $109,777.38 $466.80 $0.00 $620.70 $110,864.88
152 $110,864.88 $466.80 $0.00 $626.85 $111,958.53
153 $111,958.53 $466.80 $0.00 $633.03 $113,058.36
154 $113,058.36 $466.80 $0.00 $639.25 $114,164.41
155 $114,164.41 $466.80 $0.00 $645.50 $115,276.71
156 $115,276.71 $466.80 $0.00 $651.79 $116,395.30
157 $116,395.30 $466.80 $0.00 $658.12 $117,520.22
158 $117,520.22 $466.80 $0.00 $664.48 $118,651.50
159 $118,651.50 $466.80 $0.00 $670.87 $119,789.17
160 $119,789.17 $466.80 $0.00 $677.31 $120,933.28
161 $120,933.28 $466.80 $0.00 $683.77 $122,083.85
162 $122,083.85 $466.80 $0.00 $690.28 $123,240.93
163 $123,240.93 $466.80 $0.00 $696.82 $124,404.55
164 $124,404.55 $466.80 $0.00 $703.40 $125,574.75
165 $125,574.75 $466.80 $0.00 $710.02 $126,751.57
166 $126,751.57 $466.80 $0.00 $716.67 $127,935.04
167 $127,935.04 $466.80 $0.00 $723.36 $129,125.20
168 $129,125.20 $466.80 $0.00 $730.09 $130,322.09
169 $130,322.09 $466.80 $0.00 $736.86 $131,525.75
170 $131,525.75 $466.80 $0.00 $743.67 $132,736.22
171 $132,736.22 $466.80 $0.00 $750.51 $133,953.53
172 $133,953.53 $466.80 $0.00 $757.39 $135,177.72
173 $135,177.72 $466.80 $0.00 $764.31 $136,408.83
174 $136,408.83 $466.80 $0.00 $771.28 $137,646.91
175 $137,646.91 $466.80 $0.00 $778.28 $138,891.99
176 $138,891.99 $466.80 $0.00 $785.32 $140,144.11
177 $140,144.11 $466.80 $0.00 $792.40 $141,403.31
178 $141,403.31 $466.80 $0.00 $799.51 $142,669.62
179 $142,669.62 $466.80 $0.00 $806.67 $143,943.09
180 $143,943.09 $466.80 $0.00 $813.88 $145,223.77
181 $145,223.77 $466.80 $0.00 $821.12 $146,511.69
182 $146,511.69 $466.80 $0.00 $828.40 $147,806.89
183 $147,806.89 $466.80 $0.00 $835.72 $149,109.41
184 $149,109.41 $466.80 $0.00 $843.09 $150,419.30
185 $150,419.30 $466.80 $0.00 $850.49 $151,736.59
186 $151,736.59 $466.80 $0.00 $857.94 $153,061.33
187 $153,061.33 $466.80 $0.00 $865.43 $154,393.56
188 $154,393.56 $466.80 $0.00 $872.96 $155,733.32
189 $155,733.32 $466.80 $0.00 $880.54 $157,080.66
190 $157,080.66 $466.80 $0.00 $888.16 $158,435.62
191 $158,435.62 $466.80 $0.00 $895.82 $159,798.24
192 $159,798.24 $466.80 $0.00 $903.52 $161,168.56
193 $161,168.56 $466.80 $0.00 $911.27 $162,546.63
194 $162,546.63 $466.80 $0.00 $919.06 $163,932.49
195 $163,932.49 $466.80 $0.00 $926.90 $165,326.19
196 $165,326.19 $466.80 $0.00 $934.78 $166,727.77
197 $166,727.77 $466.80 $0.00 $942.70 $168,137.27
198 $168,137.27 $466.80 $0.00 $950.67 $169,554.74
199 $169,554.74 $466.80 $0.00 $958.69 $170,980.23
200 $170,980.23 $466.80 $0.00 $966.75 $172,413.78
201 $172,413.78 $466.80 $0.00 $974.85 $173,855.43
202 $173,855.43 $466.80 $0.00 $983.00 $175,305.23
203 $175,305.23 $466.80 $0.00 $991.20 $176,763.23
204 $176,763.23 $466.80 $0.00 $999.45 $178,229.48
205 $178,229.48 $466.80 $0.00 $1,007.74 $179,704.02
206 $179,704.02 $466.80 $0.00 $1,016.07 $181,186.89
207 $181,186.89 $466.80 $0.00 $1,024.46 $182,678.15
208 $182,678.15 $466.80 $0.00 $1,032.89 $184,177.84
209 $184,177.84 $466.80 $0.00 $1,041.37 $185,686.01
210 $185,686.01 $466.80 $0.00 $1,049.90 $187,202.71
211 $187,202.71 $466.80 $0.00 $1,058.47 $188,727.98
212 $188,727.98 $466.80 $0.00 $1,067.10 $190,261.88
213 $190,261.88 $466.80 $0.00 $1,075.77 $191,804.45
214 $191,804.45 $466.80 $0.00 $1,084.49 $193,355.74
215 $193,355.74 $466.80 $0.00 $1,093.26 $194,915.80
216 $194,915.80 $466.80 $0.00 $1,102.08 $196,484.68
217 $196,484.68 $466.80 $54,726.52 $1,110.95 $143,335.91
218 $143,335.91 $466.80 $0.00 $810.44 $144,613.15
219 $144,613.15 $466.80 $0.00 $817.66 $145,897.61
220 $145,897.61 $466.80 $0.00 $824.93 $147,189.34
221 $147,189.34 $466.80 $0.00 $832.23 $148,488.37
222 $148,488.37 $466.80 $0.00 $839.57 $149,794.74
223 $149,794.74 $466.80 $0.00 $846.96 $151,108.50
224 $151,108.50 $466.80 $0.00 $854.39 $152,429.69
225 $152,429.69 $466.80 $0.00 $861.86 $153,758.35
226 $153,758.35 $466.80 $0.00 $869.37 $155,094.52
227 $155,094.52 $466.80 $0.00 $876.93 $156,438.25
228 $156,438.25 $466.80 $0.00 $884.52 $157,789.57
229 $157,789.57 $466.80 $57,462.85 $892.17 $101,685.69
230 $101,685.69 $466.80 $0.00 $574.95 $102,727.44
231 $102,727.44 $466.80 $0.00 $580.84 $103,775.08
232 $103,775.08 $466.80 $0.00 $586.76 $104,828.64
233 $104,828.64 $466.80 $0.00 $592.72 $105,888.16
234 $105,888.16 $466.80 $0.00 $598.71 $106,953.67
235 $106,953.67 $466.80 $0.00 $604.73 $108,025.20
236 $108,025.20 $466.80 $0.00 $610.79 $109,102.79
237 $109,102.79 $466.80 $0.00 $616.88 $110,186.47
238 $110,186.47 $466.80 $0.00 $623.01 $111,276.28
239 $111,276.28 $466.80 $0.00 $629.17 $112,372.25
240 $112,372.25 $466.80 $0.00 $635.37 $113,474.42
241 $113,474.42 $466.80 $60,335.99 $641.60 $54,246.83
242 $54,246.83 $466.80 $0.00 $306.72 $55,020.35
243 $55,020.35 $466.80 $0.00 $311.09 $55,798.24
244 $55,798.24 $466.80 $0.00 $315.49 $56,580.53
245 $56,580.53 $466.80 $0.00 $319.91 $57,367.24
246 $57,367.24 $466.80 $0.00 $324.36 $58,158.40
247 $58,158.40 $466.80 $0.00 $328.84 $58,954.04
248 $58,954.04 $466.80 $0.00 $333.33 $59,754.17
249 $59,754.17 $466.80 $0.00 $337.86 $60,558.83
250 $60,558.83 $466.80 $0.00 $342.41 $61,368.04
251 $61,368.04 $466.80 $0.00 $346.98 $62,181.82
252 $62,181.82 $466.80 $0.00 $351.59 $63,000.21
253 $63,000.21 $0.00 $63,352.79 $356.21 $3.63