Savings Plan and Future Cost Estimation for Southern Adventist University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$141,063
Monthly savings required$1,115

How much will it cost to send your child to Southern Adventist University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $564,252.17 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,114.85 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$37,600.00
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 $1,114.85 $0.00 $0.00 $1,114.85
2 $1,114.85 $1,114.85 $0.00 $6.30 $2,236.00
3 $2,236.00 $1,114.85 $0.00 $12.64 $3,363.49
4 $3,363.49 $1,114.85 $0.00 $19.02 $4,497.36
5 $4,497.36 $1,114.85 $0.00 $25.43 $5,637.64
6 $5,637.64 $1,114.85 $0.00 $31.88 $6,784.37
7 $6,784.37 $1,114.85 $0.00 $38.36 $7,937.58
8 $7,937.58 $1,114.85 $0.00 $44.88 $9,097.31
9 $9,097.31 $1,114.85 $0.00 $51.44 $10,263.60
10 $10,263.60 $1,114.85 $0.00 $58.03 $11,436.48
11 $11,436.48 $1,114.85 $0.00 $64.66 $12,615.99
12 $12,615.99 $1,114.85 $0.00 $71.33 $13,802.17
13 $13,802.17 $1,114.85 $0.00 $78.04 $14,995.06
14 $14,995.06 $1,114.85 $0.00 $84.78 $16,194.69
15 $16,194.69 $1,114.85 $0.00 $91.57 $17,401.11
16 $17,401.11 $1,114.85 $0.00 $98.39 $18,614.35
17 $18,614.35 $1,114.85 $0.00 $105.25 $19,834.45
18 $19,834.45 $1,114.85 $0.00 $112.15 $21,061.45
19 $21,061.45 $1,114.85 $0.00 $119.08 $22,295.38
20 $22,295.38 $1,114.85 $0.00 $126.06 $23,536.29
21 $23,536.29 $1,114.85 $0.00 $133.08 $24,784.22
22 $24,784.22 $1,114.85 $0.00 $140.13 $26,039.20
23 $26,039.20 $1,114.85 $0.00 $147.23 $27,301.28
24 $27,301.28 $1,114.85 $0.00 $154.37 $28,570.50
25 $28,570.50 $1,114.85 $0.00 $161.54 $29,846.89
26 $29,846.89 $1,114.85 $0.00 $168.76 $31,130.50
27 $31,130.50 $1,114.85 $0.00 $176.02 $32,421.37
28 $32,421.37 $1,114.85 $0.00 $183.32 $33,719.54
29 $33,719.54 $1,114.85 $0.00 $190.66 $35,025.05
30 $35,025.05 $1,114.85 $0.00 $198.04 $36,337.94
31 $36,337.94 $1,114.85 $0.00 $205.46 $37,658.25
32 $37,658.25 $1,114.85 $0.00 $212.93 $38,986.03
33 $38,986.03 $1,114.85 $0.00 $220.43 $40,321.31
34 $40,321.31 $1,114.85 $0.00 $227.98 $41,664.14
35 $41,664.14 $1,114.85 $0.00 $235.58 $43,014.57
36 $43,014.57 $1,114.85 $0.00 $243.21 $44,372.63
37 $44,372.63 $1,114.85 $0.00 $250.89 $45,738.37
38 $45,738.37 $1,114.85 $0.00 $258.61 $47,111.83
39 $47,111.83 $1,114.85 $0.00 $266.38 $48,493.06
40 $48,493.06 $1,114.85 $0.00 $274.19 $49,882.10
41 $49,882.10 $1,114.85 $0.00 $282.04 $51,278.99
42 $51,278.99 $1,114.85 $0.00 $289.94 $52,683.78
43 $52,683.78 $1,114.85 $0.00 $297.88 $54,096.51
44 $54,096.51 $1,114.85 $0.00 $305.87 $55,517.23
45 $55,517.23 $1,114.85 $0.00 $313.90 $56,945.98
46 $56,945.98 $1,114.85 $0.00 $321.98 $58,382.81
47 $58,382.81 $1,114.85 $0.00 $330.10 $59,827.76
48 $59,827.76 $1,114.85 $0.00 $338.27 $61,280.88
49 $61,280.88 $1,114.85 $0.00 $346.49 $62,742.22
50 $62,742.22 $1,114.85 $0.00 $354.75 $64,211.82
51 $64,211.82 $1,114.85 $0.00 $363.06 $65,689.73
52 $65,689.73 $1,114.85 $0.00 $371.42 $67,176.00
53 $67,176.00 $1,114.85 $0.00 $379.82 $68,670.67
54 $68,670.67 $1,114.85 $0.00 $388.27 $70,173.79
55 $70,173.79 $1,114.85 $0.00 $396.77 $71,685.41
56 $71,685.41 $1,114.85 $0.00 $405.32 $73,205.58
57 $73,205.58 $1,114.85 $0.00 $413.91 $74,734.34
58 $74,734.34 $1,114.85 $0.00 $422.56 $76,271.75
59 $76,271.75 $1,114.85 $0.00 $431.25 $77,817.85
60 $77,817.85 $1,114.85 $0.00 $439.99 $79,372.69
61 $79,372.69 $1,114.85 $0.00 $448.78 $80,936.32
62 $80,936.32 $1,114.85 $0.00 $457.63 $82,508.80
63 $82,508.80 $1,114.85 $0.00 $466.52 $84,090.17
64 $84,090.17 $1,114.85 $0.00 $475.46 $85,680.48
65 $85,680.48 $1,114.85 $0.00 $484.45 $87,279.78
66 $87,279.78 $1,114.85 $0.00 $493.49 $88,888.12
67 $88,888.12 $1,114.85 $0.00 $502.59 $90,505.56
68 $90,505.56 $1,114.85 $0.00 $511.73 $92,132.14
69 $92,132.14 $1,114.85 $0.00 $520.93 $93,767.92
70 $93,767.92 $1,114.85 $0.00 $530.18 $95,412.95
71 $95,412.95 $1,114.85 $0.00 $539.48 $97,067.28
72 $97,067.28 $1,114.85 $0.00 $548.83 $98,730.96
73 $98,730.96 $1,114.85 $0.00 $558.24 $100,404.05
74 $100,404.05 $1,114.85 $0.00 $567.70 $102,086.60
75 $102,086.60 $1,114.85 $0.00 $577.21 $103,778.66
76 $103,778.66 $1,114.85 $0.00 $586.78 $105,480.29
77 $105,480.29 $1,114.85 $0.00 $596.40 $107,191.54
78 $107,191.54 $1,114.85 $0.00 $606.08 $108,912.47
79 $108,912.47 $1,114.85 $0.00 $615.81 $110,643.13
80 $110,643.13 $1,114.85 $0.00 $625.59 $112,383.57
81 $112,383.57 $1,114.85 $0.00 $635.43 $114,133.85
82 $114,133.85 $1,114.85 $0.00 $645.33 $115,894.03
83 $115,894.03 $1,114.85 $0.00 $655.28 $117,664.16
84 $117,664.16 $1,114.85 $0.00 $665.29 $119,444.30
85 $119,444.30 $1,114.85 $0.00 $675.36 $121,234.51
86 $121,234.51 $1,114.85 $0.00 $685.48 $123,034.84
87 $123,034.84 $1,114.85 $0.00 $695.66 $124,845.35
88 $124,845.35 $1,114.85 $0.00 $705.89 $126,666.09
89 $126,666.09 $1,114.85 $0.00 $716.19 $128,497.13
90 $128,497.13 $1,114.85 $0.00 $726.54 $130,338.52
91 $130,338.52 $1,114.85 $0.00 $736.95 $132,190.32
92 $132,190.32 $1,114.85 $0.00 $747.42 $134,052.59
93 $134,052.59 $1,114.85 $0.00 $757.95 $135,925.39
94 $135,925.39 $1,114.85 $0.00 $768.54 $137,808.78
95 $137,808.78 $1,114.85 $0.00 $779.19 $139,702.82
96 $139,702.82 $1,114.85 $0.00 $789.90 $141,607.57
97 $141,607.57 $1,114.85 $0.00 $800.67 $143,523.09
98 $143,523.09 $1,114.85 $0.00 $811.50 $145,449.44
99 $145,449.44 $1,114.85 $0.00 $822.39 $147,386.68
100 $147,386.68 $1,114.85 $0.00 $833.35 $149,334.88
101 $149,334.88 $1,114.85 $0.00 $844.36 $151,294.09
102 $151,294.09 $1,114.85 $0.00 $855.44 $153,264.38
103 $153,264.38 $1,114.85 $0.00 $866.58 $155,245.81
104 $155,245.81 $1,114.85 $0.00 $877.78 $157,238.44
105 $157,238.44 $1,114.85 $0.00 $889.05 $159,242.34
106 $159,242.34 $1,114.85 $0.00 $900.38 $161,257.57
107 $161,257.57 $1,114.85 $0.00 $911.77 $163,284.19
108 $163,284.19 $1,114.85 $0.00 $923.23 $165,322.27
109 $165,322.27 $1,114.85 $0.00 $934.76 $167,371.88
110 $167,371.88 $1,114.85 $0.00 $946.34 $169,433.07
111 $169,433.07 $1,114.85 $0.00 $958.00 $171,505.92
112 $171,505.92 $1,114.85 $0.00 $969.72 $173,590.49
113 $173,590.49 $1,114.85 $0.00 $981.51 $175,686.85
114 $175,686.85 $1,114.85 $0.00 $993.36 $177,795.06
115 $177,795.06 $1,114.85 $0.00 $1,005.28 $179,915.19
116 $179,915.19 $1,114.85 $0.00 $1,017.27 $182,047.31
117 $182,047.31 $1,114.85 $0.00 $1,029.32 $184,191.48
118 $184,191.48 $1,114.85 $0.00 $1,041.45 $186,347.78
119 $186,347.78 $1,114.85 $0.00 $1,053.64 $188,516.27
120 $188,516.27 $1,114.85 $0.00 $1,065.90 $190,697.02
121 $190,697.02 $1,114.85 $0.00 $1,078.23 $192,890.10
122 $192,890.10 $1,114.85 $0.00 $1,090.63 $195,095.58
123 $195,095.58 $1,114.85 $0.00 $1,103.10 $197,313.53
124 $197,313.53 $1,114.85 $0.00 $1,115.64 $199,544.02
125 $199,544.02 $1,114.85 $0.00 $1,128.25 $201,787.12
126 $201,787.12 $1,114.85 $0.00 $1,140.93 $204,042.90
127 $204,042.90 $1,114.85 $0.00 $1,153.69 $206,311.44
128 $206,311.44 $1,114.85 $0.00 $1,166.51 $208,592.80
129 $208,592.80 $1,114.85 $0.00 $1,179.41 $210,887.06
130 $210,887.06 $1,114.85 $0.00 $1,192.39 $213,194.30
131 $213,194.30 $1,114.85 $0.00 $1,205.43 $215,514.58
132 $215,514.58 $1,114.85 $0.00 $1,218.55 $217,847.98
133 $217,847.98 $1,114.85 $0.00 $1,231.74 $220,194.57
134 $220,194.57 $1,114.85 $0.00 $1,245.01 $222,554.43
135 $222,554.43 $1,114.85 $0.00 $1,258.36 $224,927.64
136 $224,927.64 $1,114.85 $0.00 $1,271.77 $227,314.26
137 $227,314.26 $1,114.85 $0.00 $1,285.27 $229,714.38
138 $229,714.38 $1,114.85 $0.00 $1,298.84 $232,128.07
139 $232,128.07 $1,114.85 $0.00 $1,312.49 $234,555.41
140 $234,555.41 $1,114.85 $0.00 $1,326.21 $236,996.47
141 $236,996.47 $1,114.85 $0.00 $1,340.01 $239,451.33
142 $239,451.33 $1,114.85 $0.00 $1,353.89 $241,920.07
143 $241,920.07 $1,114.85 $0.00 $1,367.85 $244,402.77
144 $244,402.77 $1,114.85 $0.00 $1,381.89 $246,899.51
145 $246,899.51 $1,114.85 $0.00 $1,396.01 $249,410.37
146 $249,410.37 $1,114.85 $0.00 $1,410.20 $251,935.42
147 $251,935.42 $1,114.85 $0.00 $1,424.48 $254,474.75
148 $254,474.75 $1,114.85 $0.00 $1,438.84 $257,028.44
149 $257,028.44 $1,114.85 $0.00 $1,453.28 $259,596.57
150 $259,596.57 $1,114.85 $0.00 $1,467.80 $262,179.22
151 $262,179.22 $1,114.85 $0.00 $1,482.40 $264,776.47
152 $264,776.47 $1,114.85 $0.00 $1,497.08 $267,388.40
153 $267,388.40 $1,114.85 $0.00 $1,511.85 $270,015.10
154 $270,015.10 $1,114.85 $0.00 $1,526.70 $272,656.65
155 $272,656.65 $1,114.85 $0.00 $1,541.64 $275,313.14
156 $275,313.14 $1,114.85 $0.00 $1,556.66 $277,984.65
157 $277,984.65 $1,114.85 $0.00 $1,571.77 $280,671.27
158 $280,671.27 $1,114.85 $0.00 $1,586.96 $283,373.08
159 $283,373.08 $1,114.85 $0.00 $1,602.23 $286,090.16
160 $286,090.16 $1,114.85 $0.00 $1,617.60 $288,822.61
161 $288,822.61 $1,114.85 $0.00 $1,633.05 $291,570.51
162 $291,570.51 $1,114.85 $0.00 $1,648.58 $294,333.94
163 $294,333.94 $1,114.85 $0.00 $1,664.21 $297,113.00
164 $297,113.00 $1,114.85 $0.00 $1,679.92 $299,907.77
165 $299,907.77 $1,114.85 $0.00 $1,695.72 $302,718.34
166 $302,718.34 $1,114.85 $0.00 $1,711.61 $305,544.80
167 $305,544.80 $1,114.85 $0.00 $1,727.59 $308,387.24
168 $308,387.24 $1,114.85 $0.00 $1,743.67 $311,245.76
169 $311,245.76 $1,114.85 $0.00 $1,759.83 $314,120.44
170 $314,120.44 $1,114.85 $0.00 $1,776.08 $317,011.37
171 $317,011.37 $1,114.85 $0.00 $1,792.43 $319,918.65
172 $319,918.65 $1,114.85 $0.00 $1,808.87 $322,842.37
173 $322,842.37 $1,114.85 $0.00 $1,825.40 $325,782.62
174 $325,782.62 $1,114.85 $0.00 $1,842.02 $328,739.49
175 $328,739.49 $1,114.85 $0.00 $1,858.74 $331,713.08
176 $331,713.08 $1,114.85 $0.00 $1,875.55 $334,703.48
177 $334,703.48 $1,114.85 $0.00 $1,892.46 $337,710.79
178 $337,710.79 $1,114.85 $0.00 $1,909.47 $340,735.11
179 $340,735.11 $1,114.85 $0.00 $1,926.57 $343,776.53
180 $343,776.53 $1,114.85 $0.00 $1,943.76 $346,835.14
181 $346,835.14 $1,114.85 $0.00 $1,961.06 $349,911.05
182 $349,911.05 $1,114.85 $0.00 $1,978.45 $353,004.35
183 $353,004.35 $1,114.85 $0.00 $1,995.94 $356,115.14
184 $356,115.14 $1,114.85 $0.00 $2,013.53 $359,243.52
185 $359,243.52 $1,114.85 $0.00 $2,031.22 $362,389.59
186 $362,389.59 $1,114.85 $0.00 $2,049.00 $365,553.44
187 $365,553.44 $1,114.85 $0.00 $2,066.89 $368,735.18
188 $368,735.18 $1,114.85 $0.00 $2,084.88 $371,934.91
189 $371,934.91 $1,114.85 $0.00 $2,102.97 $375,152.73
190 $375,152.73 $1,114.85 $0.00 $2,121.17 $378,388.75
191 $378,388.75 $1,114.85 $0.00 $2,139.47 $381,643.07
192 $381,643.07 $1,114.85 $0.00 $2,157.87 $384,915.79
193 $384,915.79 $1,114.85 $0.00 $2,176.37 $388,207.01
194 $388,207.01 $1,114.85 $0.00 $2,194.98 $391,516.84
195 $391,516.84 $1,114.85 $0.00 $2,213.69 $394,845.38
196 $394,845.38 $1,114.85 $0.00 $2,232.51 $398,192.74
197 $398,192.74 $1,114.85 $0.00 $2,251.44 $401,559.03
198 $401,559.03 $1,114.85 $0.00 $2,270.47 $404,944.35
199 $404,944.35 $1,114.85 $0.00 $2,289.61 $408,348.81
200 $408,348.81 $1,114.85 $0.00 $2,308.86 $411,772.52
201 $411,772.52 $1,114.85 $0.00 $2,328.22 $415,215.59
202 $415,215.59 $1,114.85 $0.00 $2,347.69 $418,678.13
203 $418,678.13 $1,114.85 $0.00 $2,367.27 $422,160.25
204 $422,160.25 $1,114.85 $0.00 $2,386.96 $425,662.06
205 $425,662.06 $1,114.85 $0.00 $2,406.76 $429,183.67
206 $429,183.67 $1,114.85 $0.00 $2,426.67 $432,725.19
207 $432,725.19 $1,114.85 $0.00 $2,446.69 $436,286.73
208 $436,286.73 $1,114.85 $0.00 $2,466.83 $439,868.41
209 $439,868.41 $1,114.85 $0.00 $2,487.08 $443,470.34
210 $443,470.34 $1,114.85 $0.00 $2,507.45 $447,092.64
211 $447,092.64 $1,114.85 $0.00 $2,527.93 $450,735.42
212 $450,735.42 $1,114.85 $0.00 $2,548.52 $454,398.79
213 $454,398.79 $1,114.85 $0.00 $2,569.24 $458,082.88
214 $458,082.88 $1,114.85 $0.00 $2,590.07 $461,787.80
215 $461,787.80 $1,114.85 $0.00 $2,611.02 $465,513.67
216 $465,513.67 $1,114.85 $0.00 $2,632.08 $469,260.60
217 $469,260.60 $1,114.85 $127,085.45 $2,653.27 $345,943.27
218 $345,943.27 $1,114.85 $0.00 $1,956.01 $349,014.13
219 $349,014.13 $1,114.85 $0.00 $1,973.38 $352,102.36
220 $352,102.36 $1,114.85 $0.00 $1,990.84 $355,208.05
221 $355,208.05 $1,114.85 $0.00 $2,008.40 $358,331.30
222 $358,331.30 $1,114.85 $0.00 $2,026.06 $361,472.21
223 $361,472.21 $1,114.85 $0.00 $2,043.82 $364,630.88
224 $364,630.88 $1,114.85 $0.00 $2,061.68 $367,807.41
225 $367,807.41 $1,114.85 $0.00 $2,079.64 $371,001.90
226 $371,001.90 $1,114.85 $0.00 $2,097.70 $374,214.45
227 $374,214.45 $1,114.85 $0.00 $2,115.86 $377,445.16
228 $377,445.16 $1,114.85 $0.00 $2,134.13 $380,694.14
229 $380,694.14 $1,114.85 $135,981.44 $2,152.50 $247,980.05
230 $247,980.05 $1,114.85 $0.00 $1,402.12 $250,497.02
231 $250,497.02 $1,114.85 $0.00 $1,416.35 $253,028.22
232 $253,028.22 $1,114.85 $0.00 $1,430.66 $255,573.73
233 $255,573.73 $1,114.85 $0.00 $1,445.05 $258,133.63
234 $258,133.63 $1,114.85 $0.00 $1,459.53 $260,708.01
235 $260,708.01 $1,114.85 $0.00 $1,474.08 $263,296.94
236 $263,296.94 $1,114.85 $0.00 $1,488.72 $265,900.51
237 $265,900.51 $1,114.85 $0.00 $1,503.44 $268,518.80
238 $268,518.80 $1,114.85 $0.00 $1,518.24 $271,151.89
239 $271,151.89 $1,114.85 $0.00 $1,533.13 $273,799.87
240 $273,799.87 $1,114.85 $0.00 $1,548.10 $276,462.82
241 $276,462.82 $1,114.85 $145,500.14 $1,563.16 $133,640.69
242 $133,640.69 $1,114.85 $0.00 $755.62 $135,511.16
243 $135,511.16 $1,114.85 $0.00 $766.20 $137,392.21
244 $137,392.21 $1,114.85 $0.00 $776.84 $139,283.90
245 $139,283.90 $1,114.85 $0.00 $787.53 $141,186.28
246 $141,186.28 $1,114.85 $0.00 $798.29 $143,099.42
247 $143,099.42 $1,114.85 $0.00 $809.10 $145,023.37
248 $145,023.37 $1,114.85 $0.00 $819.98 $146,958.20
249 $146,958.20 $1,114.85 $0.00 $830.92 $148,903.97
250 $148,903.97 $1,114.85 $0.00 $841.92 $150,860.74
251 $150,860.74 $1,114.85 $0.00 $852.99 $152,828.58
252 $152,828.58 $1,114.85 $0.00 $864.12 $154,807.55
253 $154,807.55 $0.00 $155,685.15 $875.30 -$2.30