Savings Plan and Future Cost Estimation for Bethel University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$125,036
Monthly savings required$988

How much will it cost to send your child to Bethel University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $500,143.52 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $988.20 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$33,328.00
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 $988.20 $0.00 $0.00 $988.20
2 $988.20 $988.20 $0.00 $5.59 $1,981.99
3 $1,981.99 $988.20 $0.00 $11.21 $2,981.40
4 $2,981.40 $988.20 $0.00 $16.86 $3,986.46
5 $3,986.46 $988.20 $0.00 $22.54 $4,997.20
6 $4,997.20 $988.20 $0.00 $28.25 $6,013.65
7 $6,013.65 $988.20 $0.00 $34.00 $7,035.85
8 $7,035.85 $988.20 $0.00 $39.78 $8,063.83
9 $8,063.83 $988.20 $0.00 $45.59 $9,097.62
10 $9,097.62 $988.20 $0.00 $51.44 $10,137.26
11 $10,137.26 $988.20 $0.00 $57.32 $11,182.78
12 $11,182.78 $988.20 $0.00 $63.23 $12,234.21
13 $12,234.21 $988.20 $0.00 $69.17 $13,291.58
14 $13,291.58 $988.20 $0.00 $75.15 $14,354.93
15 $14,354.93 $988.20 $0.00 $81.16 $15,424.29
16 $15,424.29 $988.20 $0.00 $87.21 $16,499.70
17 $16,499.70 $988.20 $0.00 $93.29 $17,581.19
18 $17,581.19 $988.20 $0.00 $99.41 $18,668.80
19 $18,668.80 $988.20 $0.00 $105.56 $19,762.56
20 $19,762.56 $988.20 $0.00 $111.74 $20,862.50
21 $20,862.50 $988.20 $0.00 $117.96 $21,968.66
22 $21,968.66 $988.20 $0.00 $124.21 $23,081.07
23 $23,081.07 $988.20 $0.00 $130.50 $24,199.77
24 $24,199.77 $988.20 $0.00 $136.83 $25,324.80
25 $25,324.80 $988.20 $0.00 $143.19 $26,456.19
26 $26,456.19 $988.20 $0.00 $149.59 $27,593.98
27 $27,593.98 $988.20 $0.00 $156.02 $28,738.20
28 $28,738.20 $988.20 $0.00 $162.49 $29,888.89
29 $29,888.89 $988.20 $0.00 $169.00 $31,046.09
30 $31,046.09 $988.20 $0.00 $175.54 $32,209.83
31 $32,209.83 $988.20 $0.00 $182.12 $33,380.15
32 $33,380.15 $988.20 $0.00 $188.74 $34,557.09
33 $34,557.09 $988.20 $0.00 $195.39 $35,740.68
34 $35,740.68 $988.20 $0.00 $202.08 $36,930.96
35 $36,930.96 $988.20 $0.00 $208.81 $38,127.97
36 $38,127.97 $988.20 $0.00 $215.58 $39,331.75
37 $39,331.75 $988.20 $0.00 $222.39 $40,542.34
38 $40,542.34 $988.20 $0.00 $229.23 $41,759.77
39 $41,759.77 $988.20 $0.00 $236.12 $42,984.09
40 $42,984.09 $988.20 $0.00 $243.04 $44,215.33
41 $44,215.33 $988.20 $0.00 $250.00 $45,453.53
42 $45,453.53 $988.20 $0.00 $257.00 $46,698.73
43 $46,698.73 $988.20 $0.00 $264.04 $47,950.97
44 $47,950.97 $988.20 $0.00 $271.12 $49,210.29
45 $49,210.29 $988.20 $0.00 $278.24 $50,476.73
46 $50,476.73 $988.20 $0.00 $285.40 $51,750.33
47 $51,750.33 $988.20 $0.00 $292.60 $53,031.13
48 $53,031.13 $988.20 $0.00 $299.85 $54,319.18
49 $54,319.18 $988.20 $0.00 $307.13 $55,614.51
50 $55,614.51 $988.20 $0.00 $314.45 $56,917.16
51 $56,917.16 $988.20 $0.00 $321.82 $58,227.18
52 $58,227.18 $988.20 $0.00 $329.22 $59,544.60
53 $59,544.60 $988.20 $0.00 $336.67 $60,869.47
54 $60,869.47 $988.20 $0.00 $344.16 $62,201.83
55 $62,201.83 $988.20 $0.00 $351.70 $63,541.73
56 $63,541.73 $988.20 $0.00 $359.27 $64,889.20
57 $64,889.20 $988.20 $0.00 $366.89 $66,244.29
58 $66,244.29 $988.20 $0.00 $374.55 $67,607.04
59 $67,607.04 $988.20 $0.00 $382.26 $68,977.50
60 $68,977.50 $988.20 $0.00 $390.01 $70,355.71
61 $70,355.71 $988.20 $0.00 $397.80 $71,741.71
62 $71,741.71 $988.20 $0.00 $405.64 $73,135.55
63 $73,135.55 $988.20 $0.00 $413.52 $74,537.27
64 $74,537.27 $988.20 $0.00 $421.44 $75,946.91
65 $75,946.91 $988.20 $0.00 $429.41 $77,364.52
66 $77,364.52 $988.20 $0.00 $437.43 $78,790.15
67 $78,790.15 $988.20 $0.00 $445.49 $80,223.84
68 $80,223.84 $988.20 $0.00 $453.60 $81,665.64
69 $81,665.64 $988.20 $0.00 $461.75 $83,115.59
70 $83,115.59 $988.20 $0.00 $469.95 $84,573.74
71 $84,573.74 $988.20 $0.00 $478.19 $86,040.13
72 $86,040.13 $988.20 $0.00 $486.48 $87,514.81
73 $87,514.81 $988.20 $0.00 $494.82 $88,997.83
74 $88,997.83 $988.20 $0.00 $503.21 $90,489.24
75 $90,489.24 $988.20 $0.00 $511.64 $91,989.08
76 $91,989.08 $988.20 $0.00 $520.12 $93,497.40
77 $93,497.40 $988.20 $0.00 $528.65 $95,014.25
78 $95,014.25 $988.20 $0.00 $537.22 $96,539.67
79 $96,539.67 $988.20 $0.00 $545.85 $98,073.72
80 $98,073.72 $988.20 $0.00 $554.52 $99,616.44
81 $99,616.44 $988.20 $0.00 $563.25 $101,167.89
82 $101,167.89 $988.20 $0.00 $572.02 $102,728.11
83 $102,728.11 $988.20 $0.00 $580.84 $104,297.15
84 $104,297.15 $988.20 $0.00 $589.71 $105,875.06
85 $105,875.06 $988.20 $0.00 $598.63 $107,461.89
86 $107,461.89 $988.20 $0.00 $607.61 $109,057.70
87 $109,057.70 $988.20 $0.00 $616.63 $110,662.53
88 $110,662.53 $988.20 $0.00 $625.70 $112,276.43
89 $112,276.43 $988.20 $0.00 $634.83 $113,899.46
90 $113,899.46 $988.20 $0.00 $644.00 $115,531.66
91 $115,531.66 $988.20 $0.00 $653.23 $117,173.09
92 $117,173.09 $988.20 $0.00 $662.51 $118,823.80
93 $118,823.80 $988.20 $0.00 $671.85 $120,483.85
94 $120,483.85 $988.20 $0.00 $681.23 $122,153.28
95 $122,153.28 $988.20 $0.00 $690.67 $123,832.15
96 $123,832.15 $988.20 $0.00 $700.16 $125,520.51
97 $125,520.51 $988.20 $0.00 $709.71 $127,218.42
98 $127,218.42 $988.20 $0.00 $719.31 $128,925.93
99 $128,925.93 $988.20 $0.00 $728.97 $130,643.10
100 $130,643.10 $988.20 $0.00 $738.68 $132,369.98
101 $132,369.98 $988.20 $0.00 $748.44 $134,106.62
102 $134,106.62 $988.20 $0.00 $758.26 $135,853.08
103 $135,853.08 $988.20 $0.00 $768.13 $137,609.41
104 $137,609.41 $988.20 $0.00 $778.06 $139,375.67
105 $139,375.67 $988.20 $0.00 $788.05 $141,151.92
106 $141,151.92 $988.20 $0.00 $798.09 $142,938.21
107 $142,938.21 $988.20 $0.00 $808.19 $144,734.60
108 $144,734.60 $988.20 $0.00 $818.35 $146,541.15
109 $146,541.15 $988.20 $0.00 $828.56 $148,357.91
110 $148,357.91 $988.20 $0.00 $838.84 $150,184.95
111 $150,184.95 $988.20 $0.00 $849.17 $152,022.32
112 $152,022.32 $988.20 $0.00 $859.56 $153,870.08
113 $153,870.08 $988.20 $0.00 $870.00 $155,728.28
114 $155,728.28 $988.20 $0.00 $880.51 $157,596.99
115 $157,596.99 $988.20 $0.00 $891.08 $159,476.27
116 $159,476.27 $988.20 $0.00 $901.70 $161,366.17
117 $161,366.17 $988.20 $0.00 $912.39 $163,266.76
118 $163,266.76 $988.20 $0.00 $923.13 $165,178.09
119 $165,178.09 $988.20 $0.00 $933.94 $167,100.23
120 $167,100.23 $988.20 $0.00 $944.81 $169,033.24
121 $169,033.24 $988.20 $0.00 $955.74 $170,977.18
122 $170,977.18 $988.20 $0.00 $966.73 $172,932.11
123 $172,932.11 $988.20 $0.00 $977.78 $174,898.09
124 $174,898.09 $988.20 $0.00 $988.90 $176,875.19
125 $176,875.19 $988.20 $0.00 $1,000.08 $178,863.47
126 $178,863.47 $988.20 $0.00 $1,011.32 $180,862.99
127 $180,862.99 $988.20 $0.00 $1,022.63 $182,873.82
128 $182,873.82 $988.20 $0.00 $1,034.00 $184,896.02
129 $184,896.02 $988.20 $0.00 $1,045.43 $186,929.65
130 $186,929.65 $988.20 $0.00 $1,056.93 $188,974.78
131 $188,974.78 $988.20 $0.00 $1,068.49 $191,031.47
132 $191,031.47 $988.20 $0.00 $1,080.12 $193,099.79
133 $193,099.79 $988.20 $0.00 $1,091.81 $195,179.80
134 $195,179.80 $988.20 $0.00 $1,103.57 $197,271.57
135 $197,271.57 $988.20 $0.00 $1,115.40 $199,375.17
136 $199,375.17 $988.20 $0.00 $1,127.30 $201,490.67
137 $201,490.67 $988.20 $0.00 $1,139.26 $203,618.13
138 $203,618.13 $988.20 $0.00 $1,151.29 $205,757.62
139 $205,757.62 $988.20 $0.00 $1,163.38 $207,909.20
140 $207,909.20 $988.20 $0.00 $1,175.55 $210,072.95
141 $210,072.95 $988.20 $0.00 $1,187.78 $212,248.93
142 $212,248.93 $988.20 $0.00 $1,200.09 $214,437.22
143 $214,437.22 $988.20 $0.00 $1,212.46 $216,637.88
144 $216,637.88 $988.20 $0.00 $1,224.90 $218,850.98
145 $218,850.98 $988.20 $0.00 $1,237.42 $221,076.60
146 $221,076.60 $988.20 $0.00 $1,250.00 $223,314.80
147 $223,314.80 $988.20 $0.00 $1,262.65 $225,565.65
148 $225,565.65 $988.20 $0.00 $1,275.38 $227,829.23
149 $227,829.23 $988.20 $0.00 $1,288.18 $230,105.61
150 $230,105.61 $988.20 $0.00 $1,301.05 $232,394.86
151 $232,394.86 $988.20 $0.00 $1,313.99 $234,697.05
152 $234,697.05 $988.20 $0.00 $1,327.01 $237,012.26
153 $237,012.26 $988.20 $0.00 $1,340.10 $239,340.56
154 $239,340.56 $988.20 $0.00 $1,353.27 $241,682.03
155 $241,682.03 $988.20 $0.00 $1,366.51 $244,036.74
156 $244,036.74 $988.20 $0.00 $1,379.82 $246,404.76
157 $246,404.76 $988.20 $0.00 $1,393.21 $248,786.17
158 $248,786.17 $988.20 $0.00 $1,406.67 $251,181.04
159 $251,181.04 $988.20 $0.00 $1,420.21 $253,589.45
160 $253,589.45 $988.20 $0.00 $1,433.83 $256,011.48
161 $256,011.48 $988.20 $0.00 $1,447.53 $258,447.21
162 $258,447.21 $988.20 $0.00 $1,461.30 $260,896.71
163 $260,896.71 $988.20 $0.00 $1,475.15 $263,360.06
164 $263,360.06 $988.20 $0.00 $1,489.08 $265,837.34
165 $265,837.34 $988.20 $0.00 $1,503.08 $268,328.62
166 $268,328.62 $988.20 $0.00 $1,517.17 $270,833.99
167 $270,833.99 $988.20 $0.00 $1,531.33 $273,353.52
168 $273,353.52 $988.20 $0.00 $1,545.58 $275,887.30
169 $275,887.30 $988.20 $0.00 $1,559.91 $278,435.41
170 $278,435.41 $988.20 $0.00 $1,574.31 $280,997.92
171 $280,997.92 $988.20 $0.00 $1,588.80 $283,574.92
172 $283,574.92 $988.20 $0.00 $1,603.37 $286,166.49
173 $286,166.49 $988.20 $0.00 $1,618.03 $288,772.72
174 $288,772.72 $988.20 $0.00 $1,632.76 $291,393.68
175 $291,393.68 $988.20 $0.00 $1,647.58 $294,029.46
176 $294,029.46 $988.20 $0.00 $1,662.49 $296,680.15
177 $296,680.15 $988.20 $0.00 $1,677.47 $299,345.82
178 $299,345.82 $988.20 $0.00 $1,692.54 $302,026.56
179 $302,026.56 $988.20 $0.00 $1,707.70 $304,722.46
180 $304,722.46 $988.20 $0.00 $1,722.95 $307,433.61
181 $307,433.61 $988.20 $0.00 $1,738.27 $310,160.08
182 $310,160.08 $988.20 $0.00 $1,753.69 $312,901.97
183 $312,901.97 $988.20 $0.00 $1,769.19 $315,659.36
184 $315,659.36 $988.20 $0.00 $1,784.78 $318,432.34
185 $318,432.34 $988.20 $0.00 $1,800.46 $321,221.00
186 $321,221.00 $988.20 $0.00 $1,816.23 $324,025.43
187 $324,025.43 $988.20 $0.00 $1,832.09 $326,845.72
188 $326,845.72 $988.20 $0.00 $1,848.03 $329,681.95
189 $329,681.95 $988.20 $0.00 $1,864.07 $332,534.22
190 $332,534.22 $988.20 $0.00 $1,880.20 $335,402.62
191 $335,402.62 $988.20 $0.00 $1,896.42 $338,287.24
192 $338,287.24 $988.20 $0.00 $1,912.73 $341,188.17
193 $341,188.17 $988.20 $0.00 $1,929.13 $344,105.50
194 $344,105.50 $988.20 $0.00 $1,945.62 $347,039.32
195 $347,039.32 $988.20 $0.00 $1,962.21 $349,989.73
196 $349,989.73 $988.20 $0.00 $1,978.89 $352,956.82
197 $352,956.82 $988.20 $0.00 $1,995.67 $355,940.69
198 $355,940.69 $988.20 $0.00 $2,012.54 $358,941.43
199 $358,941.43 $988.20 $0.00 $2,029.51 $361,959.14
200 $361,959.14 $988.20 $0.00 $2,046.57 $364,993.91
201 $364,993.91 $988.20 $0.00 $2,063.73 $368,045.84
202 $368,045.84 $988.20 $0.00 $2,080.98 $371,115.02
203 $371,115.02 $988.20 $0.00 $2,098.34 $374,201.56
204 $374,201.56 $988.20 $0.00 $2,115.79 $377,305.55
205 $377,305.55 $988.20 $0.00 $2,133.34 $380,427.09
206 $380,427.09 $988.20 $0.00 $2,150.99 $383,566.28
207 $383,566.28 $988.20 $0.00 $2,168.74 $386,723.22
208 $386,723.22 $988.20 $0.00 $2,186.59 $389,898.01
209 $389,898.01 $988.20 $0.00 $2,204.54 $393,090.75
210 $393,090.75 $988.20 $0.00 $2,222.59 $396,301.54
211 $396,301.54 $988.20 $0.00 $2,240.75 $399,530.49
212 $399,530.49 $988.20 $0.00 $2,259.00 $402,777.69
213 $402,777.69 $988.20 $0.00 $2,277.36 $406,043.25
214 $406,043.25 $988.20 $0.00 $2,295.83 $409,327.28
215 $409,327.28 $988.20 $0.00 $2,314.40 $412,629.88
216 $412,629.88 $988.20 $0.00 $2,333.07 $415,951.15
217 $415,951.15 $988.20 $112,646.38 $2,351.85 $306,644.82
218 $306,644.82 $988.20 $0.00 $1,733.81 $309,366.83
219 $309,366.83 $988.20 $0.00 $1,749.21 $312,104.24
220 $312,104.24 $988.20 $0.00 $1,764.68 $314,857.12
221 $314,857.12 $988.20 $0.00 $1,780.25 $317,625.57
222 $317,625.57 $988.20 $0.00 $1,795.90 $320,409.67
223 $320,409.67 $988.20 $0.00 $1,811.64 $323,209.51
224 $323,209.51 $988.20 $0.00 $1,827.47 $326,025.18
225 $326,025.18 $988.20 $0.00 $1,843.39 $328,856.77
226 $328,856.77 $988.20 $0.00 $1,859.40 $331,704.37
227 $331,704.37 $988.20 $0.00 $1,875.50 $334,568.07
228 $334,568.07 $988.20 $0.00 $1,891.70 $337,447.97
229 $337,447.97 $988.20 $120,531.63 $1,907.98 $219,812.52
230 $219,812.52 $988.20 $0.00 $1,242.85 $222,043.57
231 $222,043.57 $988.20 $0.00 $1,255.47 $224,287.24
232 $224,287.24 $988.20 $0.00 $1,268.15 $226,543.59
233 $226,543.59 $988.20 $0.00 $1,280.91 $228,812.70
234 $228,812.70 $988.20 $0.00 $1,293.74 $231,094.64
235 $231,094.64 $988.20 $0.00 $1,306.64 $233,389.48
236 $233,389.48 $988.20 $0.00 $1,319.62 $235,697.30
237 $235,697.30 $988.20 $0.00 $1,332.67 $238,018.17
238 $238,018.17 $988.20 $0.00 $1,345.79 $240,352.16
239 $240,352.16 $988.20 $0.00 $1,358.99 $242,699.35
240 $242,699.35 $988.20 $0.00 $1,372.26 $245,059.81
241 $245,059.81 $988.20 $128,968.84 $1,385.60 $118,464.77
242 $118,464.77 $988.20 $0.00 $669.82 $120,122.79
243 $120,122.79 $988.20 $0.00 $679.19 $121,790.18
244 $121,790.18 $988.20 $0.00 $688.62 $123,467.00
245 $123,467.00 $988.20 $0.00 $698.10 $125,153.30
246 $125,153.30 $988.20 $0.00 $707.63 $126,849.13
247 $126,849.13 $988.20 $0.00 $717.22 $128,554.55
248 $128,554.55 $988.20 $0.00 $726.87 $130,269.62
249 $130,269.62 $988.20 $0.00 $736.56 $131,994.38
250 $131,994.38 $988.20 $0.00 $746.32 $133,728.90
251 $133,728.90 $988.20 $0.00 $756.12 $135,473.22
252 $135,473.22 $988.20 $0.00 $765.99 $137,227.41
253 $137,227.41 $0.00 $137,996.66 $775.90 $6.65