Savings Plan and Future Cost Estimation for Freed Hardeman University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$93,226
Monthly savings required$738

How much will it cost to send your child to Freed Hardeman University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $372,903.23 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $737.95 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$35,950.00
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 $737.95 $0.00 $0.00 $737.95
2 $737.95 $737.95 $0.00 $4.17 $1,480.07
3 $1,480.07 $737.95 $0.00 $8.37 $2,226.39
4 $2,226.39 $737.95 $0.00 $12.59 $2,976.93
5 $2,976.93 $737.95 $0.00 $16.83 $3,731.71
6 $3,731.71 $737.95 $0.00 $21.10 $4,490.76
7 $4,490.76 $737.95 $0.00 $25.39 $5,254.10
8 $5,254.10 $737.95 $0.00 $29.71 $6,021.76
9 $6,021.76 $737.95 $0.00 $34.05 $6,793.76
10 $6,793.76 $737.95 $0.00 $38.41 $7,570.12
11 $7,570.12 $737.95 $0.00 $42.80 $8,350.87
12 $8,350.87 $737.95 $0.00 $47.22 $9,136.04
13 $9,136.04 $737.95 $0.00 $51.66 $9,925.65
14 $9,925.65 $737.95 $0.00 $56.12 $10,719.72
15 $10,719.72 $737.95 $0.00 $60.61 $11,518.28
16 $11,518.28 $737.95 $0.00 $65.13 $12,321.36
17 $12,321.36 $737.95 $0.00 $69.67 $13,128.98
18 $13,128.98 $737.95 $0.00 $74.23 $13,941.16
19 $13,941.16 $737.95 $0.00 $78.83 $14,757.94
20 $14,757.94 $737.95 $0.00 $83.44 $15,579.33
21 $15,579.33 $737.95 $0.00 $88.09 $16,405.37
22 $16,405.37 $737.95 $0.00 $92.76 $17,236.08
23 $17,236.08 $737.95 $0.00 $97.46 $18,071.49
24 $18,071.49 $737.95 $0.00 $102.18 $18,911.62
25 $18,911.62 $737.95 $0.00 $106.93 $19,756.50
26 $19,756.50 $737.95 $0.00 $111.71 $20,606.16
27 $20,606.16 $737.95 $0.00 $116.51 $21,460.62
28 $21,460.62 $737.95 $0.00 $121.34 $22,319.91
29 $22,319.91 $737.95 $0.00 $126.20 $23,184.06
30 $23,184.06 $737.95 $0.00 $131.09 $24,053.10
31 $24,053.10 $737.95 $0.00 $136.00 $24,927.05
32 $24,927.05 $737.95 $0.00 $140.94 $25,805.94
33 $25,805.94 $737.95 $0.00 $145.91 $26,689.80
34 $26,689.80 $737.95 $0.00 $150.91 $27,578.66
35 $27,578.66 $737.95 $0.00 $155.93 $28,472.54
36 $28,472.54 $737.95 $0.00 $160.99 $29,371.48
37 $29,371.48 $737.95 $0.00 $166.07 $30,275.50
38 $30,275.50 $737.95 $0.00 $171.18 $31,184.63
39 $31,184.63 $737.95 $0.00 $176.32 $32,098.90
40 $32,098.90 $737.95 $0.00 $181.49 $33,018.34
41 $33,018.34 $737.95 $0.00 $186.69 $33,942.98
42 $33,942.98 $737.95 $0.00 $191.92 $34,872.85
43 $34,872.85 $737.95 $0.00 $197.18 $35,807.98
44 $35,807.98 $737.95 $0.00 $202.46 $36,748.39
45 $36,748.39 $737.95 $0.00 $207.78 $37,694.12
46 $37,694.12 $737.95 $0.00 $213.13 $38,645.20
47 $38,645.20 $737.95 $0.00 $218.51 $39,601.66
48 $39,601.66 $737.95 $0.00 $223.91 $40,563.52
49 $40,563.52 $737.95 $0.00 $229.35 $41,530.82
50 $41,530.82 $737.95 $0.00 $234.82 $42,503.59
51 $42,503.59 $737.95 $0.00 $240.32 $43,481.86
52 $43,481.86 $737.95 $0.00 $245.85 $44,465.66
53 $44,465.66 $737.95 $0.00 $251.42 $45,455.03
54 $45,455.03 $737.95 $0.00 $257.01 $46,449.99
55 $46,449.99 $737.95 $0.00 $262.63 $47,450.57
56 $47,450.57 $737.95 $0.00 $268.29 $48,456.81
57 $48,456.81 $737.95 $0.00 $273.98 $49,468.74
58 $49,468.74 $737.95 $0.00 $279.70 $50,486.39
59 $50,486.39 $737.95 $0.00 $285.46 $51,509.80
60 $51,509.80 $737.95 $0.00 $291.24 $52,538.99
61 $52,538.99 $737.95 $0.00 $297.06 $53,574.00
62 $53,574.00 $737.95 $0.00 $302.92 $54,614.87
63 $54,614.87 $737.95 $0.00 $308.80 $55,661.62
64 $55,661.62 $737.95 $0.00 $314.72 $56,714.29
65 $56,714.29 $737.95 $0.00 $320.67 $57,772.91
66 $57,772.91 $737.95 $0.00 $326.66 $58,837.52
67 $58,837.52 $737.95 $0.00 $332.68 $59,908.15
68 $59,908.15 $737.95 $0.00 $338.73 $60,984.83
69 $60,984.83 $737.95 $0.00 $344.82 $62,067.60
70 $62,067.60 $737.95 $0.00 $350.94 $63,156.49
71 $63,156.49 $737.95 $0.00 $357.10 $64,251.54
72 $64,251.54 $737.95 $0.00 $363.29 $65,352.78
73 $65,352.78 $737.95 $0.00 $369.51 $66,460.24
74 $66,460.24 $737.95 $0.00 $375.78 $67,573.97
75 $67,573.97 $737.95 $0.00 $382.07 $68,693.99
76 $68,693.99 $737.95 $0.00 $388.41 $69,820.35
77 $69,820.35 $737.95 $0.00 $394.77 $70,953.07
78 $70,953.07 $737.95 $0.00 $401.18 $72,092.20
79 $72,092.20 $737.95 $0.00 $407.62 $73,237.77
80 $73,237.77 $737.95 $0.00 $414.10 $74,389.82
81 $74,389.82 $737.95 $0.00 $420.61 $75,548.38
82 $75,548.38 $737.95 $0.00 $427.16 $76,713.49
83 $76,713.49 $737.95 $0.00 $433.75 $77,885.19
84 $77,885.19 $737.95 $0.00 $440.37 $79,063.51
85 $79,063.51 $737.95 $0.00 $447.04 $80,248.50
86 $80,248.50 $737.95 $0.00 $453.74 $81,440.19
87 $81,440.19 $737.95 $0.00 $460.47 $82,638.61
88 $82,638.61 $737.95 $0.00 $467.25 $83,843.81
89 $83,843.81 $737.95 $0.00 $474.07 $85,055.83
90 $85,055.83 $737.95 $0.00 $480.92 $86,274.70
91 $86,274.70 $737.95 $0.00 $487.81 $87,500.46
92 $87,500.46 $737.95 $0.00 $494.74 $88,733.15
93 $88,733.15 $737.95 $0.00 $501.71 $89,972.81
94 $89,972.81 $737.95 $0.00 $508.72 $91,219.48
95 $91,219.48 $737.95 $0.00 $515.77 $92,473.20
96 $92,473.20 $737.95 $0.00 $522.86 $93,734.01
97 $93,734.01 $737.95 $0.00 $529.99 $95,001.95
98 $95,001.95 $737.95 $0.00 $537.15 $96,277.05
99 $96,277.05 $737.95 $0.00 $544.36 $97,559.36
100 $97,559.36 $737.95 $0.00 $551.61 $98,848.92
101 $98,848.92 $737.95 $0.00 $558.91 $100,145.78
102 $100,145.78 $737.95 $0.00 $566.24 $101,449.97
103 $101,449.97 $737.95 $0.00 $573.61 $102,761.53
104 $102,761.53 $737.95 $0.00 $581.03 $104,080.51
105 $104,080.51 $737.95 $0.00 $588.49 $105,406.95
106 $105,406.95 $737.95 $0.00 $595.99 $106,740.89
107 $106,740.89 $737.95 $0.00 $603.53 $108,082.37
108 $108,082.37 $737.95 $0.00 $611.11 $109,431.43
109 $109,431.43 $737.95 $0.00 $618.74 $110,788.12
110 $110,788.12 $737.95 $0.00 $626.41 $112,152.48
111 $112,152.48 $737.95 $0.00 $634.13 $113,524.56
112 $113,524.56 $737.95 $0.00 $641.88 $114,904.39
113 $114,904.39 $737.95 $0.00 $649.69 $116,292.03
114 $116,292.03 $737.95 $0.00 $657.53 $117,687.51
115 $117,687.51 $737.95 $0.00 $665.42 $119,090.88
116 $119,090.88 $737.95 $0.00 $673.36 $120,502.19
117 $120,502.19 $737.95 $0.00 $681.34 $121,921.48
118 $121,921.48 $737.95 $0.00 $689.36 $123,348.79
119 $123,348.79 $737.95 $0.00 $697.43 $124,784.17
120 $124,784.17 $737.95 $0.00 $705.55 $126,227.67
121 $126,227.67 $737.95 $0.00 $713.71 $127,679.33
122 $127,679.33 $737.95 $0.00 $721.92 $129,139.20
123 $129,139.20 $737.95 $0.00 $730.17 $130,607.32
124 $130,607.32 $737.95 $0.00 $738.47 $132,083.74
125 $132,083.74 $737.95 $0.00 $746.82 $133,568.51
126 $133,568.51 $737.95 $0.00 $755.22 $135,061.68
127 $135,061.68 $737.95 $0.00 $763.66 $136,563.29
128 $136,563.29 $737.95 $0.00 $772.15 $138,073.39
129 $138,073.39 $737.95 $0.00 $780.69 $139,592.03
130 $139,592.03 $737.95 $0.00 $789.27 $141,119.25
131 $141,119.25 $737.95 $0.00 $797.91 $142,655.11
132 $142,655.11 $737.95 $0.00 $806.59 $144,199.65
133 $144,199.65 $737.95 $0.00 $815.33 $145,752.93
134 $145,752.93 $737.95 $0.00 $824.11 $147,314.99
135 $147,314.99 $737.95 $0.00 $832.94 $148,885.88
136 $148,885.88 $737.95 $0.00 $841.82 $150,465.65
137 $150,465.65 $737.95 $0.00 $850.75 $152,054.35
138 $152,054.35 $737.95 $0.00 $859.74 $153,652.04
139 $153,652.04 $737.95 $0.00 $868.77 $155,258.76
140 $155,258.76 $737.95 $0.00 $877.86 $156,874.57
141 $156,874.57 $737.95 $0.00 $886.99 $158,499.51
142 $158,499.51 $737.95 $0.00 $896.18 $160,133.64
143 $160,133.64 $737.95 $0.00 $905.42 $161,777.01
144 $161,777.01 $737.95 $0.00 $914.71 $163,429.67
145 $163,429.67 $737.95 $0.00 $924.06 $165,091.68
146 $165,091.68 $737.95 $0.00 $933.45 $166,763.08
147 $166,763.08 $737.95 $0.00 $942.90 $168,443.93
148 $168,443.93 $737.95 $0.00 $952.41 $170,134.29
149 $170,134.29 $737.95 $0.00 $961.96 $171,834.20
150 $171,834.20 $737.95 $0.00 $971.58 $173,543.73
151 $173,543.73 $737.95 $0.00 $981.24 $175,262.92
152 $175,262.92 $737.95 $0.00 $990.96 $176,991.83
153 $176,991.83 $737.95 $0.00 $1,000.74 $178,730.52
154 $178,730.52 $737.95 $0.00 $1,010.57 $180,479.04
155 $180,479.04 $737.95 $0.00 $1,020.45 $182,237.44
156 $182,237.44 $737.95 $0.00 $1,030.40 $184,005.79
157 $184,005.79 $737.95 $0.00 $1,040.40 $185,784.14
158 $185,784.14 $737.95 $0.00 $1,050.45 $187,572.54
159 $187,572.54 $737.95 $0.00 $1,060.56 $189,371.05
160 $189,371.05 $737.95 $0.00 $1,070.73 $191,179.73
161 $191,179.73 $737.95 $0.00 $1,080.96 $192,998.64
162 $192,998.64 $737.95 $0.00 $1,091.24 $194,827.83
163 $194,827.83 $737.95 $0.00 $1,101.58 $196,667.36
164 $196,667.36 $737.95 $0.00 $1,111.99 $198,517.30
165 $198,517.30 $737.95 $0.00 $1,122.45 $200,377.70
166 $200,377.70 $737.95 $0.00 $1,132.96 $202,248.61
167 $202,248.61 $737.95 $0.00 $1,143.54 $204,130.10
168 $204,130.10 $737.95 $0.00 $1,154.18 $206,022.23
169 $206,022.23 $737.95 $0.00 $1,164.88 $207,925.06
170 $207,925.06 $737.95 $0.00 $1,175.64 $209,838.65
171 $209,838.65 $737.95 $0.00 $1,186.46 $211,763.06
172 $211,763.06 $737.95 $0.00 $1,197.34 $213,698.35
173 $213,698.35 $737.95 $0.00 $1,208.28 $215,644.58
174 $215,644.58 $737.95 $0.00 $1,219.29 $217,601.82
175 $217,601.82 $737.95 $0.00 $1,230.35 $219,570.12
176 $219,570.12 $737.95 $0.00 $1,241.48 $221,549.55
177 $221,549.55 $737.95 $0.00 $1,252.67 $223,540.17
178 $223,540.17 $737.95 $0.00 $1,263.93 $225,542.05
179 $225,542.05 $737.95 $0.00 $1,275.25 $227,555.25
180 $227,555.25 $737.95 $0.00 $1,286.63 $229,579.83
181 $229,579.83 $737.95 $0.00 $1,298.08 $231,615.86
182 $231,615.86 $737.95 $0.00 $1,309.59 $233,663.40
183 $233,663.40 $737.95 $0.00 $1,321.17 $235,722.52
184 $235,722.52 $737.95 $0.00 $1,332.81 $237,793.28
185 $237,793.28 $737.95 $0.00 $1,344.52 $239,875.75
186 $239,875.75 $737.95 $0.00 $1,356.29 $241,969.99
187 $241,969.99 $737.95 $0.00 $1,368.13 $244,076.07
188 $244,076.07 $737.95 $0.00 $1,380.04 $246,194.06
189 $246,194.06 $737.95 $0.00 $1,392.02 $248,324.03
190 $248,324.03 $737.95 $0.00 $1,404.06 $250,466.04
191 $250,466.04 $737.95 $0.00 $1,416.17 $252,620.16
192 $252,620.16 $737.95 $0.00 $1,428.35 $254,786.46
193 $254,786.46 $737.95 $0.00 $1,440.60 $256,965.01
194 $256,965.01 $737.95 $0.00 $1,452.92 $259,155.88
195 $259,155.88 $737.95 $0.00 $1,465.31 $261,359.14
196 $261,359.14 $737.95 $0.00 $1,477.76 $263,574.85
197 $263,574.85 $737.95 $0.00 $1,490.29 $265,803.09
198 $265,803.09 $737.95 $0.00 $1,502.89 $268,043.93
199 $268,043.93 $737.95 $0.00 $1,515.56 $270,297.44
200 $270,297.44 $737.95 $0.00 $1,528.30 $272,563.69
201 $272,563.69 $737.95 $0.00 $1,541.11 $274,842.75
202 $274,842.75 $737.95 $0.00 $1,554.00 $277,134.70
203 $277,134.70 $737.95 $0.00 $1,566.96 $279,439.61
204 $279,439.61 $737.95 $0.00 $1,579.99 $281,757.55
205 $281,757.55 $737.95 $0.00 $1,593.10 $284,088.60
206 $284,088.60 $737.95 $0.00 $1,606.28 $286,432.83
207 $286,432.83 $737.95 $0.00 $1,619.53 $288,790.31
208 $288,790.31 $737.95 $0.00 $1,632.86 $291,161.12
209 $291,161.12 $737.95 $0.00 $1,646.27 $293,545.34
210 $293,545.34 $737.95 $0.00 $1,659.75 $295,943.04
211 $295,943.04 $737.95 $0.00 $1,673.30 $298,354.29
212 $298,354.29 $737.95 $0.00 $1,686.94 $300,779.18
213 $300,779.18 $737.95 $0.00 $1,700.65 $303,217.78
214 $303,217.78 $737.95 $0.00 $1,714.44 $305,670.17
215 $305,670.17 $737.95 $0.00 $1,728.30 $308,136.42
216 $308,136.42 $737.95 $0.00 $1,742.25 $310,616.62
217 $310,616.62 $737.95 $86,517.96 $1,756.27 $226,592.88
218 $226,592.88 $737.95 $0.00 $1,281.19 $228,612.02
219 $228,612.02 $737.95 $0.00 $1,292.61 $230,642.58
220 $230,642.58 $737.95 $0.00 $1,304.09 $232,684.62
221 $232,684.62 $737.95 $0.00 $1,315.63 $234,738.20
222 $234,738.20 $737.95 $0.00 $1,327.24 $236,803.39
223 $236,803.39 $737.95 $0.00 $1,338.92 $238,880.26
224 $238,880.26 $737.95 $0.00 $1,350.66 $240,968.87
225 $240,968.87 $737.95 $0.00 $1,362.47 $243,069.29
226 $243,069.29 $737.95 $0.00 $1,374.35 $245,181.59
227 $245,181.59 $737.95 $0.00 $1,386.29 $247,305.83
228 $247,305.83 $737.95 $0.00 $1,398.30 $249,442.08
229 $249,442.08 $737.95 $90,843.86 $1,410.38 $160,746.55
230 $160,746.55 $737.95 $0.00 $908.88 $162,393.38
231 $162,393.38 $737.95 $0.00 $918.20 $164,049.53
232 $164,049.53 $737.95 $0.00 $927.56 $165,715.04
233 $165,715.04 $737.95 $0.00 $936.98 $167,389.97
234 $167,389.97 $737.95 $0.00 $946.45 $169,074.37
235 $169,074.37 $737.95 $0.00 $955.97 $170,768.29
236 $170,768.29 $737.95 $0.00 $965.55 $172,471.79
237 $172,471.79 $737.95 $0.00 $975.18 $174,184.92
238 $174,184.92 $737.95 $0.00 $984.87 $175,907.74
239 $175,907.74 $737.95 $0.00 $994.61 $177,640.30
240 $177,640.30 $737.95 $0.00 $1,004.40 $179,382.65
241 $179,382.65 $737.95 $95,386.05 $1,014.26 $85,748.81
242 $85,748.81 $737.95 $0.00 $484.84 $86,971.60
243 $86,971.60 $737.95 $0.00 $491.75 $88,201.30
244 $88,201.30 $737.95 $0.00 $498.70 $89,437.95
245 $89,437.95 $737.95 $0.00 $505.70 $90,681.60
246 $90,681.60 $737.95 $0.00 $512.73 $91,932.28
247 $91,932.28 $737.95 $0.00 $519.80 $93,190.03
248 $93,190.03 $737.95 $0.00 $526.91 $94,454.89
249 $94,454.89 $737.95 $0.00 $534.06 $95,726.90
250 $95,726.90 $737.95 $0.00 $541.25 $97,006.10
251 $97,006.10 $737.95 $0.00 $548.49 $98,292.54
252 $98,292.54 $737.95 $0.00 $555.76 $99,586.25
253 $99,586.25 $0.00 $100,155.36 $563.08 ($6.03)