Savings Plan and Future Cost Estimation for Belmont University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$141,576
Monthly savings required$1,121

How much will it cost to send your child to Belmont University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $566,304.64 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,120.69 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$54,595.00
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 $1,120.69 $0.00 $0.00 $1,120.69
2 $1,120.69 $1,120.69 $0.00 $6.34 $2,247.72
3 $2,247.72 $1,120.69 $0.00 $12.71 $3,381.12
4 $3,381.12 $1,120.69 $0.00 $19.12 $4,520.93
5 $4,520.93 $1,120.69 $0.00 $25.56 $5,667.18
6 $5,667.18 $1,120.69 $0.00 $32.04 $6,819.91
7 $6,819.91 $1,120.69 $0.00 $38.56 $7,979.16
8 $7,979.16 $1,120.69 $0.00 $45.12 $9,144.97
9 $9,144.97 $1,120.69 $0.00 $51.71 $10,317.37
10 $10,317.37 $1,120.69 $0.00 $58.34 $11,496.40
11 $11,496.40 $1,120.69 $0.00 $65.00 $12,682.09
12 $12,682.09 $1,120.69 $0.00 $71.71 $13,874.49
13 $13,874.49 $1,120.69 $0.00 $78.45 $15,073.63
14 $15,073.63 $1,120.69 $0.00 $85.23 $16,279.55
15 $16,279.55 $1,120.69 $0.00 $92.05 $17,492.29
16 $17,492.29 $1,120.69 $0.00 $98.90 $18,711.88
17 $18,711.88 $1,120.69 $0.00 $105.80 $19,938.37
18 $19,938.37 $1,120.69 $0.00 $112.73 $21,171.79
19 $21,171.79 $1,120.69 $0.00 $119.71 $22,412.19
20 $22,412.19 $1,120.69 $0.00 $126.72 $23,659.60
21 $23,659.60 $1,120.69 $0.00 $133.77 $24,914.06
22 $24,914.06 $1,120.69 $0.00 $140.87 $26,175.62
23 $26,175.62 $1,120.69 $0.00 $148.00 $27,444.31
24 $27,444.31 $1,120.69 $0.00 $155.17 $28,720.17
25 $28,720.17 $1,120.69 $0.00 $162.39 $30,003.25
26 $30,003.25 $1,120.69 $0.00 $169.64 $31,293.58
27 $31,293.58 $1,120.69 $0.00 $176.94 $32,591.21
28 $32,591.21 $1,120.69 $0.00 $184.28 $33,896.18
29 $33,896.18 $1,120.69 $0.00 $191.65 $35,208.52
30 $35,208.52 $1,120.69 $0.00 $199.07 $36,528.28
31 $36,528.28 $1,120.69 $0.00 $206.54 $37,855.51
32 $37,855.51 $1,120.69 $0.00 $214.04 $39,190.24
33 $39,190.24 $1,120.69 $0.00 $221.59 $40,532.52
34 $40,532.52 $1,120.69 $0.00 $229.18 $41,882.39
35 $41,882.39 $1,120.69 $0.00 $236.81 $43,239.89
36 $43,239.89 $1,120.69 $0.00 $244.48 $44,605.06
37 $44,605.06 $1,120.69 $0.00 $252.20 $45,977.95
38 $45,977.95 $1,120.69 $0.00 $259.97 $47,358.61
39 $47,358.61 $1,120.69 $0.00 $267.77 $48,747.07
40 $48,747.07 $1,120.69 $0.00 $275.62 $50,143.38
41 $50,143.38 $1,120.69 $0.00 $283.52 $51,547.59
42 $51,547.59 $1,120.69 $0.00 $291.46 $52,959.74
43 $52,959.74 $1,120.69 $0.00 $299.44 $54,379.87
44 $54,379.87 $1,120.69 $0.00 $307.47 $55,808.03
45 $55,808.03 $1,120.69 $0.00 $315.55 $57,244.27
46 $57,244.27 $1,120.69 $0.00 $323.67 $58,688.63
47 $58,688.63 $1,120.69 $0.00 $331.83 $60,141.15
48 $60,141.15 $1,120.69 $0.00 $340.05 $61,601.89
49 $61,601.89 $1,120.69 $0.00 $348.31 $63,070.89
50 $63,070.89 $1,120.69 $0.00 $356.61 $64,548.19
51 $64,548.19 $1,120.69 $0.00 $364.96 $66,033.84
52 $66,033.84 $1,120.69 $0.00 $373.36 $67,527.89
53 $67,527.89 $1,120.69 $0.00 $381.81 $69,030.39
54 $69,030.39 $1,120.69 $0.00 $390.31 $70,541.39
55 $70,541.39 $1,120.69 $0.00 $398.85 $72,060.93
56 $72,060.93 $1,120.69 $0.00 $407.44 $73,589.06
57 $73,589.06 $1,120.69 $0.00 $416.08 $75,125.83
58 $75,125.83 $1,120.69 $0.00 $424.77 $76,671.29
59 $76,671.29 $1,120.69 $0.00 $433.51 $78,225.49
60 $78,225.49 $1,120.69 $0.00 $442.30 $79,788.48
61 $79,788.48 $1,120.69 $0.00 $451.14 $81,360.31
62 $81,360.31 $1,120.69 $0.00 $460.02 $82,941.02
63 $82,941.02 $1,120.69 $0.00 $468.96 $84,530.67
64 $84,530.67 $1,120.69 $0.00 $477.95 $86,129.31
65 $86,129.31 $1,120.69 $0.00 $486.99 $87,736.99
66 $87,736.99 $1,120.69 $0.00 $496.08 $89,353.76
67 $89,353.76 $1,120.69 $0.00 $505.22 $90,979.67
68 $90,979.67 $1,120.69 $0.00 $514.41 $92,614.77
69 $92,614.77 $1,120.69 $0.00 $523.66 $94,259.12
70 $94,259.12 $1,120.69 $0.00 $532.95 $95,912.76
71 $95,912.76 $1,120.69 $0.00 $542.30 $97,575.75
72 $97,575.75 $1,120.69 $0.00 $551.71 $99,248.15
73 $99,248.15 $1,120.69 $0.00 $561.16 $100,930.00
74 $100,930.00 $1,120.69 $0.00 $570.67 $102,621.36
75 $102,621.36 $1,120.69 $0.00 $580.24 $104,322.29
76 $104,322.29 $1,120.69 $0.00 $589.85 $106,032.83
77 $106,032.83 $1,120.69 $0.00 $599.53 $107,753.05
78 $107,753.05 $1,120.69 $0.00 $609.25 $109,482.99
79 $109,482.99 $1,120.69 $0.00 $619.03 $111,222.71
80 $111,222.71 $1,120.69 $0.00 $628.87 $112,972.27
81 $112,972.27 $1,120.69 $0.00 $638.76 $114,731.72
82 $114,731.72 $1,120.69 $0.00 $648.71 $116,501.12
83 $116,501.12 $1,120.69 $0.00 $658.71 $118,280.52
84 $118,280.52 $1,120.69 $0.00 $668.78 $120,069.99
85 $120,069.99 $1,120.69 $0.00 $678.89 $121,869.57
86 $121,869.57 $1,120.69 $0.00 $689.07 $123,679.33
87 $123,679.33 $1,120.69 $0.00 $699.30 $125,499.32
88 $125,499.32 $1,120.69 $0.00 $709.59 $127,329.60
89 $127,329.60 $1,120.69 $0.00 $719.94 $129,170.23
90 $129,170.23 $1,120.69 $0.00 $730.35 $131,021.27
91 $131,021.27 $1,120.69 $0.00 $740.81 $132,882.77
92 $132,882.77 $1,120.69 $0.00 $751.34 $134,754.80
93 $134,754.80 $1,120.69 $0.00 $761.92 $136,637.41
94 $136,637.41 $1,120.69 $0.00 $772.57 $138,530.67
95 $138,530.67 $1,120.69 $0.00 $783.27 $140,434.63
96 $140,434.63 $1,120.69 $0.00 $794.04 $142,349.36
97 $142,349.36 $1,120.69 $0.00 $804.86 $144,274.91
98 $144,274.91 $1,120.69 $0.00 $815.75 $146,211.35
99 $146,211.35 $1,120.69 $0.00 $826.70 $148,158.74
100 $148,158.74 $1,120.69 $0.00 $837.71 $150,117.14
101 $150,117.14 $1,120.69 $0.00 $848.78 $152,086.61
102 $152,086.61 $1,120.69 $0.00 $859.92 $154,067.22
103 $154,067.22 $1,120.69 $0.00 $871.12 $156,059.03
104 $156,059.03 $1,120.69 $0.00 $882.38 $158,062.10
105 $158,062.10 $1,120.69 $0.00 $893.71 $160,076.50
106 $160,076.50 $1,120.69 $0.00 $905.10 $162,102.29
107 $162,102.29 $1,120.69 $0.00 $916.55 $164,139.53
108 $164,139.53 $1,120.69 $0.00 $928.07 $166,188.29
109 $166,188.29 $1,120.69 $0.00 $939.65 $168,248.63
110 $168,248.63 $1,120.69 $0.00 $951.30 $170,320.62
111 $170,320.62 $1,120.69 $0.00 $963.02 $172,404.33
112 $172,404.33 $1,120.69 $0.00 $974.80 $174,499.82
113 $174,499.82 $1,120.69 $0.00 $986.65 $176,607.16
114 $176,607.16 $1,120.69 $0.00 $998.56 $178,726.41
115 $178,726.41 $1,120.69 $0.00 $1,010.55 $180,857.65
116 $180,857.65 $1,120.69 $0.00 $1,022.60 $183,000.94
117 $183,000.94 $1,120.69 $0.00 $1,034.71 $185,156.34
118 $185,156.34 $1,120.69 $0.00 $1,046.90 $187,323.93
119 $187,323.93 $1,120.69 $0.00 $1,059.16 $189,503.78
120 $189,503.78 $1,120.69 $0.00 $1,071.48 $191,695.95
121 $191,695.95 $1,120.69 $0.00 $1,083.88 $193,900.52
122 $193,900.52 $1,120.69 $0.00 $1,096.34 $196,117.55
123 $196,117.55 $1,120.69 $0.00 $1,108.88 $198,347.12
124 $198,347.12 $1,120.69 $0.00 $1,121.48 $200,589.29
125 $200,589.29 $1,120.69 $0.00 $1,134.16 $202,844.14
126 $202,844.14 $1,120.69 $0.00 $1,146.91 $205,111.74
127 $205,111.74 $1,120.69 $0.00 $1,159.73 $207,392.16
128 $207,392.16 $1,120.69 $0.00 $1,172.63 $209,685.48
129 $209,685.48 $1,120.69 $0.00 $1,185.59 $211,991.76
130 $211,991.76 $1,120.69 $0.00 $1,198.63 $214,311.08
131 $214,311.08 $1,120.69 $0.00 $1,211.75 $216,643.52
132 $216,643.52 $1,120.69 $0.00 $1,224.93 $218,989.14
133 $218,989.14 $1,120.69 $0.00 $1,238.20 $221,348.03
134 $221,348.03 $1,120.69 $0.00 $1,251.53 $223,720.25
135 $223,720.25 $1,120.69 $0.00 $1,264.95 $226,105.89
136 $226,105.89 $1,120.69 $0.00 $1,278.44 $228,505.02
137 $228,505.02 $1,120.69 $0.00 $1,292.00 $230,917.71
138 $230,917.71 $1,120.69 $0.00 $1,305.64 $233,344.04
139 $233,344.04 $1,120.69 $0.00 $1,319.36 $235,784.09
140 $235,784.09 $1,120.69 $0.00 $1,333.16 $238,237.94
141 $238,237.94 $1,120.69 $0.00 $1,347.03 $240,705.66
142 $240,705.66 $1,120.69 $0.00 $1,360.98 $243,187.33
143 $243,187.33 $1,120.69 $0.00 $1,375.02 $245,683.04
144 $245,683.04 $1,120.69 $0.00 $1,389.13 $248,192.86
145 $248,192.86 $1,120.69 $0.00 $1,403.32 $250,716.87
146 $250,716.87 $1,120.69 $0.00 $1,417.59 $253,255.15
147 $253,255.15 $1,120.69 $0.00 $1,431.94 $255,807.78
148 $255,807.78 $1,120.69 $0.00 $1,446.37 $258,374.84
149 $258,374.84 $1,120.69 $0.00 $1,460.89 $260,956.42
150 $260,956.42 $1,120.69 $0.00 $1,475.49 $263,552.60
151 $263,552.60 $1,120.69 $0.00 $1,490.16 $266,163.45
152 $266,163.45 $1,120.69 $0.00 $1,504.93 $268,789.07
153 $268,789.07 $1,120.69 $0.00 $1,519.77 $271,429.53
154 $271,429.53 $1,120.69 $0.00 $1,534.70 $274,084.92
155 $274,084.92 $1,120.69 $0.00 $1,549.72 $276,755.33
156 $276,755.33 $1,120.69 $0.00 $1,564.81 $279,440.83
157 $279,440.83 $1,120.69 $0.00 $1,580.00 $282,141.52
158 $282,141.52 $1,120.69 $0.00 $1,595.27 $284,857.48
159 $284,857.48 $1,120.69 $0.00 $1,610.63 $287,588.80
160 $287,588.80 $1,120.69 $0.00 $1,626.07 $290,335.56
161 $290,335.56 $1,120.69 $0.00 $1,641.60 $293,097.85
162 $293,097.85 $1,120.69 $0.00 $1,657.22 $295,875.76
163 $295,875.76 $1,120.69 $0.00 $1,672.92 $298,669.37
164 $298,669.37 $1,120.69 $0.00 $1,688.72 $301,478.78
165 $301,478.78 $1,120.69 $0.00 $1,704.60 $304,304.07
166 $304,304.07 $1,120.69 $0.00 $1,720.58 $307,145.34
167 $307,145.34 $1,120.69 $0.00 $1,736.64 $310,002.67
168 $310,002.67 $1,120.69 $0.00 $1,752.80 $312,876.16
169 $312,876.16 $1,120.69 $0.00 $1,769.05 $315,765.90
170 $315,765.90 $1,120.69 $0.00 $1,785.39 $318,671.98
171 $318,671.98 $1,120.69 $0.00 $1,801.82 $321,594.49
172 $321,594.49 $1,120.69 $0.00 $1,818.34 $324,533.52
173 $324,533.52 $1,120.69 $0.00 $1,834.96 $327,489.17
174 $327,489.17 $1,120.69 $0.00 $1,851.67 $330,461.53
175 $330,461.53 $1,120.69 $0.00 $1,868.48 $333,450.70
176 $333,450.70 $1,120.69 $0.00 $1,885.38 $336,456.77
177 $336,456.77 $1,120.69 $0.00 $1,902.38 $339,479.84
178 $339,479.84 $1,120.69 $0.00 $1,919.47 $342,520.00
179 $342,520.00 $1,120.69 $0.00 $1,936.66 $345,577.35
180 $345,577.35 $1,120.69 $0.00 $1,953.94 $348,651.98
181 $348,651.98 $1,120.69 $0.00 $1,971.33 $351,744.00
182 $351,744.00 $1,120.69 $0.00 $1,988.81 $354,853.50
183 $354,853.50 $1,120.69 $0.00 $2,006.39 $357,980.58
184 $357,980.58 $1,120.69 $0.00 $2,024.07 $361,125.34
185 $361,125.34 $1,120.69 $0.00 $2,041.86 $364,287.89
186 $364,287.89 $1,120.69 $0.00 $2,059.74 $367,468.32
187 $367,468.32 $1,120.69 $0.00 $2,077.72 $370,666.73
188 $370,666.73 $1,120.69 $0.00 $2,095.80 $373,883.22
189 $373,883.22 $1,120.69 $0.00 $2,113.99 $377,117.90
190 $377,117.90 $1,120.69 $0.00 $2,132.28 $380,370.87
191 $380,370.87 $1,120.69 $0.00 $2,150.67 $383,642.23
192 $383,642.23 $1,120.69 $0.00 $2,169.17 $386,932.09
193 $386,932.09 $1,120.69 $0.00 $2,187.77 $390,240.55
194 $390,240.55 $1,120.69 $0.00 $2,206.48 $393,567.72
195 $393,567.72 $1,120.69 $0.00 $2,225.29 $396,913.70
196 $396,913.70 $1,120.69 $0.00 $2,244.21 $400,278.60
197 $400,278.60 $1,120.69 $0.00 $2,263.23 $403,662.52
198 $403,662.52 $1,120.69 $0.00 $2,282.37 $407,065.58
199 $407,065.58 $1,120.69 $0.00 $2,301.61 $410,487.88
200 $410,487.88 $1,120.69 $0.00 $2,320.96 $413,929.53
201 $413,929.53 $1,120.69 $0.00 $2,340.42 $417,390.64
202 $417,390.64 $1,120.69 $0.00 $2,359.99 $420,871.32
203 $420,871.32 $1,120.69 $0.00 $2,379.67 $424,371.68
204 $424,371.68 $1,120.69 $0.00 $2,399.46 $427,891.83
205 $427,891.83 $1,120.69 $0.00 $2,419.36 $431,431.88
206 $431,431.88 $1,120.69 $0.00 $2,439.38 $434,991.95
207 $434,991.95 $1,120.69 $0.00 $2,459.51 $438,572.15
208 $438,572.15 $1,120.69 $0.00 $2,479.75 $442,172.59
209 $442,172.59 $1,120.69 $0.00 $2,500.11 $445,793.39
210 $445,793.39 $1,120.69 $0.00 $2,520.58 $449,434.66
211 $449,434.66 $1,120.69 $0.00 $2,541.17 $453,096.52
212 $453,096.52 $1,120.69 $0.00 $2,561.87 $456,779.08
213 $456,779.08 $1,120.69 $0.00 $2,582.70 $460,482.47
214 $460,482.47 $1,120.69 $0.00 $2,603.63 $464,206.79
215 $464,206.79 $1,120.69 $0.00 $2,624.69 $467,952.17
216 $467,952.17 $1,120.69 $0.00 $2,645.87 $471,718.73
217 $471,718.73 $1,120.69 $131,389.38 $2,667.17 $344,117.21
218 $344,117.21 $1,120.69 $0.00 $1,945.69 $347,183.59
219 $347,183.59 $1,120.69 $0.00 $1,963.03 $350,267.31
220 $350,267.31 $1,120.69 $0.00 $1,980.46 $353,368.46
221 $353,368.46 $1,120.69 $0.00 $1,998.00 $356,487.15
222 $356,487.15 $1,120.69 $0.00 $2,015.63 $359,623.47
223 $359,623.47 $1,120.69 $0.00 $2,033.36 $362,777.52
224 $362,777.52 $1,120.69 $0.00 $2,051.20 $365,949.41
225 $365,949.41 $1,120.69 $0.00 $2,069.13 $369,139.23
226 $369,139.23 $1,120.69 $0.00 $2,087.17 $372,347.09
227 $372,347.09 $1,120.69 $0.00 $2,105.30 $375,573.08
228 $375,573.08 $1,120.69 $0.00 $2,123.54 $378,817.31
229 $378,817.31 $1,120.69 $137,958.85 $2,141.89 $244,121.04
230 $244,121.04 $1,120.69 $0.00 $1,380.30 $246,622.03
231 $246,622.03 $1,120.69 $0.00 $1,394.44 $249,137.16
232 $249,137.16 $1,120.69 $0.00 $1,408.66 $251,666.51
233 $251,666.51 $1,120.69 $0.00 $1,422.96 $254,210.16
234 $254,210.16 $1,120.69 $0.00 $1,437.34 $256,768.19
235 $256,768.19 $1,120.69 $0.00 $1,451.80 $259,340.68
236 $259,340.68 $1,120.69 $0.00 $1,466.35 $261,927.72
237 $261,927.72 $1,120.69 $0.00 $1,480.98 $264,529.39
238 $264,529.39 $1,120.69 $0.00 $1,495.69 $267,145.77
239 $267,145.77 $1,120.69 $0.00 $1,510.48 $269,776.94
240 $269,776.94 $1,120.69 $0.00 $1,525.36 $272,422.99
241 $272,422.99 $1,120.69 $144,856.79 $1,540.32 $130,227.21
242 $130,227.21 $1,120.69 $0.00 $736.32 $132,084.22
243 $132,084.22 $1,120.69 $0.00 $746.82 $133,951.73
244 $133,951.73 $1,120.69 $0.00 $757.38 $135,829.80
245 $135,829.80 $1,120.69 $0.00 $768.00 $137,718.49
246 $137,718.49 $1,120.69 $0.00 $778.68 $139,617.86
247 $139,617.86 $1,120.69 $0.00 $789.42 $141,527.97
248 $141,527.97 $1,120.69 $0.00 $800.22 $143,448.88
249 $143,448.88 $1,120.69 $0.00 $811.08 $145,380.65
250 $145,380.65 $1,120.69 $0.00 $822.00 $147,323.34
251 $147,323.34 $1,120.69 $0.00 $832.99 $149,277.02
252 $149,277.02 $1,120.69 $0.00 $844.03 $151,241.74
253 $151,241.74 $0.00 $152,099.63 $855.14 ($2.75)