Savings Plan and Future Cost Estimation for Union University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$142,600
Monthly savings required$1,129

How much will it cost to send your child to Union University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $570,401.91 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,128.80 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$54,990.00
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 $1,128.80 $0.00 $0.00 $1,128.80
2 $1,128.80 $1,128.80 $0.00 $6.38 $2,263.98
3 $2,263.98 $1,128.80 $0.00 $12.80 $3,405.58
4 $3,405.58 $1,128.80 $0.00 $19.26 $4,553.64
5 $4,553.64 $1,128.80 $0.00 $25.75 $5,708.19
6 $5,708.19 $1,128.80 $0.00 $32.27 $6,869.26
7 $6,869.26 $1,128.80 $0.00 $38.84 $8,036.90
8 $8,036.90 $1,128.80 $0.00 $45.44 $9,211.14
9 $9,211.14 $1,128.80 $0.00 $52.08 $10,392.02
10 $10,392.02 $1,128.80 $0.00 $58.76 $11,579.58
11 $11,579.58 $1,128.80 $0.00 $65.47 $12,773.85
12 $12,773.85 $1,128.80 $0.00 $72.23 $13,974.88
13 $13,974.88 $1,128.80 $0.00 $79.02 $15,182.70
14 $15,182.70 $1,128.80 $0.00 $85.85 $16,397.35
15 $16,397.35 $1,128.80 $0.00 $92.71 $17,618.86
16 $17,618.86 $1,128.80 $0.00 $99.62 $18,847.28
17 $18,847.28 $1,128.80 $0.00 $106.57 $20,082.65
18 $20,082.65 $1,128.80 $0.00 $113.55 $21,325.00
19 $21,325.00 $1,128.80 $0.00 $120.57 $22,574.37
20 $22,574.37 $1,128.80 $0.00 $127.64 $23,830.81
21 $23,830.81 $1,128.80 $0.00 $134.74 $25,094.35
22 $25,094.35 $1,128.80 $0.00 $141.89 $26,365.04
23 $26,365.04 $1,128.80 $0.00 $149.07 $27,642.91
24 $27,642.91 $1,128.80 $0.00 $156.30 $28,928.01
25 $28,928.01 $1,128.80 $0.00 $163.56 $30,220.37
26 $30,220.37 $1,128.80 $0.00 $170.87 $31,520.04
27 $31,520.04 $1,128.80 $0.00 $178.22 $32,827.06
28 $32,827.06 $1,128.80 $0.00 $185.61 $34,141.47
29 $34,141.47 $1,128.80 $0.00 $193.04 $35,463.31
30 $35,463.31 $1,128.80 $0.00 $200.51 $36,792.62
31 $36,792.62 $1,128.80 $0.00 $208.03 $38,129.45
32 $38,129.45 $1,128.80 $0.00 $215.59 $39,473.84
33 $39,473.84 $1,128.80 $0.00 $223.19 $40,825.83
34 $40,825.83 $1,128.80 $0.00 $230.84 $42,185.47
35 $42,185.47 $1,128.80 $0.00 $238.52 $43,552.79
36 $43,552.79 $1,128.80 $0.00 $246.25 $44,927.84
37 $44,927.84 $1,128.80 $0.00 $254.03 $46,310.67
38 $46,310.67 $1,128.80 $0.00 $261.85 $47,701.32
39 $47,701.32 $1,128.80 $0.00 $269.71 $49,099.83
40 $49,099.83 $1,128.80 $0.00 $277.62 $50,506.25
41 $50,506.25 $1,128.80 $0.00 $285.57 $51,920.62
42 $51,920.62 $1,128.80 $0.00 $293.57 $53,342.99
43 $53,342.99 $1,128.80 $0.00 $301.61 $54,773.40
44 $54,773.40 $1,128.80 $0.00 $309.70 $56,211.90
45 $56,211.90 $1,128.80 $0.00 $317.83 $57,658.53
46 $57,658.53 $1,128.80 $0.00 $326.01 $59,113.34
47 $59,113.34 $1,128.80 $0.00 $334.24 $60,576.38
48 $60,576.38 $1,128.80 $0.00 $342.51 $62,047.69
49 $62,047.69 $1,128.80 $0.00 $350.83 $63,527.32
50 $63,527.32 $1,128.80 $0.00 $359.19 $65,015.31
51 $65,015.31 $1,128.80 $0.00 $367.61 $66,511.72
52 $66,511.72 $1,128.80 $0.00 $376.07 $68,016.59
53 $68,016.59 $1,128.80 $0.00 $384.58 $69,529.97
54 $69,529.97 $1,128.80 $0.00 $393.13 $71,051.90
55 $71,051.90 $1,128.80 $0.00 $401.74 $72,582.44
56 $72,582.44 $1,128.80 $0.00 $410.39 $74,121.63
57 $74,121.63 $1,128.80 $0.00 $419.09 $75,669.52
58 $75,669.52 $1,128.80 $0.00 $427.85 $77,226.17
59 $77,226.17 $1,128.80 $0.00 $436.65 $78,791.62
60 $78,791.62 $1,128.80 $0.00 $445.50 $80,365.92
61 $80,365.92 $1,128.80 $0.00 $454.40 $81,949.12
62 $81,949.12 $1,128.80 $0.00 $463.35 $83,541.27
63 $83,541.27 $1,128.80 $0.00 $472.35 $85,142.42
64 $85,142.42 $1,128.80 $0.00 $481.41 $86,752.63
65 $86,752.63 $1,128.80 $0.00 $490.51 $88,371.94
66 $88,371.94 $1,128.80 $0.00 $499.67 $90,000.41
67 $90,000.41 $1,128.80 $0.00 $508.88 $91,638.09
68 $91,638.09 $1,128.80 $0.00 $518.14 $93,285.03
69 $93,285.03 $1,128.80 $0.00 $527.45 $94,941.28
70 $94,941.28 $1,128.80 $0.00 $536.81 $96,606.89
71 $96,606.89 $1,128.80 $0.00 $546.23 $98,281.92
72 $98,281.92 $1,128.80 $0.00 $555.70 $99,966.42
73 $99,966.42 $1,128.80 $0.00 $565.22 $101,660.44
74 $101,660.44 $1,128.80 $0.00 $574.80 $103,364.04
75 $103,364.04 $1,128.80 $0.00 $584.44 $105,077.28
76 $105,077.28 $1,128.80 $0.00 $594.12 $106,800.20
77 $106,800.20 $1,128.80 $0.00 $603.86 $108,532.86
78 $108,532.86 $1,128.80 $0.00 $613.66 $110,275.32
79 $110,275.32 $1,128.80 $0.00 $623.51 $112,027.63
80 $112,027.63 $1,128.80 $0.00 $633.42 $113,789.85
81 $113,789.85 $1,128.80 $0.00 $643.38 $115,562.03
82 $115,562.03 $1,128.80 $0.00 $653.40 $117,344.23
83 $117,344.23 $1,128.80 $0.00 $663.48 $119,136.51
84 $119,136.51 $1,128.80 $0.00 $673.62 $120,938.93
85 $120,938.93 $1,128.80 $0.00 $683.81 $122,751.54
86 $122,751.54 $1,128.80 $0.00 $694.06 $124,574.40
87 $124,574.40 $1,128.80 $0.00 $704.36 $126,407.56
88 $126,407.56 $1,128.80 $0.00 $714.73 $128,251.09
89 $128,251.09 $1,128.80 $0.00 $725.15 $130,105.04
90 $130,105.04 $1,128.80 $0.00 $735.63 $131,969.47
91 $131,969.47 $1,128.80 $0.00 $746.17 $133,844.44
92 $133,844.44 $1,128.80 $0.00 $756.78 $135,730.02
93 $135,730.02 $1,128.80 $0.00 $767.44 $137,626.26
94 $137,626.26 $1,128.80 $0.00 $778.16 $139,533.22
95 $139,533.22 $1,128.80 $0.00 $788.94 $141,450.96
96 $141,450.96 $1,128.80 $0.00 $799.78 $143,379.54
97 $143,379.54 $1,128.80 $0.00 $810.69 $145,319.03
98 $145,319.03 $1,128.80 $0.00 $821.65 $147,269.48
99 $147,269.48 $1,128.80 $0.00 $832.68 $149,230.96
100 $149,230.96 $1,128.80 $0.00 $843.77 $151,203.53
101 $151,203.53 $1,128.80 $0.00 $854.93 $153,187.26
102 $153,187.26 $1,128.80 $0.00 $866.14 $155,182.20
103 $155,182.20 $1,128.80 $0.00 $877.42 $157,188.42
104 $157,188.42 $1,128.80 $0.00 $888.77 $159,205.99
105 $159,205.99 $1,128.80 $0.00 $900.17 $161,234.96
106 $161,234.96 $1,128.80 $0.00 $911.65 $163,275.41
107 $163,275.41 $1,128.80 $0.00 $923.18 $165,327.39
108 $165,327.39 $1,128.80 $0.00 $934.79 $167,390.98
109 $167,390.98 $1,128.80 $0.00 $946.45 $169,466.23
110 $169,466.23 $1,128.80 $0.00 $958.19 $171,553.22
111 $171,553.22 $1,128.80 $0.00 $969.99 $173,652.01
112 $173,652.01 $1,128.80 $0.00 $981.85 $175,762.66
113 $175,762.66 $1,128.80 $0.00 $993.79 $177,885.25
114 $177,885.25 $1,128.80 $0.00 $1,005.79 $180,019.84
115 $180,019.84 $1,128.80 $0.00 $1,017.86 $182,166.50
116 $182,166.50 $1,128.80 $0.00 $1,030.00 $184,325.30
117 $184,325.30 $1,128.80 $0.00 $1,042.20 $186,496.30
118 $186,496.30 $1,128.80 $0.00 $1,054.48 $188,679.58
119 $188,679.58 $1,128.80 $0.00 $1,066.82 $190,875.20
120 $190,875.20 $1,128.80 $0.00 $1,079.24 $193,083.24
121 $193,083.24 $1,128.80 $0.00 $1,091.72 $195,303.76
122 $195,303.76 $1,128.80 $0.00 $1,104.28 $197,536.84
123 $197,536.84 $1,128.80 $0.00 $1,116.90 $199,782.54
124 $199,782.54 $1,128.80 $0.00 $1,129.60 $202,040.94
125 $202,040.94 $1,128.80 $0.00 $1,142.37 $204,312.11
126 $204,312.11 $1,128.80 $0.00 $1,155.21 $206,596.12
127 $206,596.12 $1,128.80 $0.00 $1,168.12 $208,893.04
128 $208,893.04 $1,128.80 $0.00 $1,181.11 $211,202.95
129 $211,202.95 $1,128.80 $0.00 $1,194.17 $213,525.92
130 $213,525.92 $1,128.80 $0.00 $1,207.31 $215,862.03
131 $215,862.03 $1,128.80 $0.00 $1,220.52 $218,211.35
132 $218,211.35 $1,128.80 $0.00 $1,233.80 $220,573.95
133 $220,573.95 $1,128.80 $0.00 $1,247.16 $222,949.91
134 $222,949.91 $1,128.80 $0.00 $1,260.59 $225,339.30
135 $225,339.30 $1,128.80 $0.00 $1,274.10 $227,742.20
136 $227,742.20 $1,128.80 $0.00 $1,287.69 $230,158.69
137 $230,158.69 $1,128.80 $0.00 $1,301.35 $232,588.84
138 $232,588.84 $1,128.80 $0.00 $1,315.09 $235,032.73
139 $235,032.73 $1,128.80 $0.00 $1,328.91 $237,490.44
140 $237,490.44 $1,128.80 $0.00 $1,342.81 $239,962.05
141 $239,962.05 $1,128.80 $0.00 $1,356.78 $242,447.63
142 $242,447.63 $1,128.80 $0.00 $1,370.83 $244,947.26
143 $244,947.26 $1,128.80 $0.00 $1,384.97 $247,461.03
144 $247,461.03 $1,128.80 $0.00 $1,399.18 $249,989.01
145 $249,989.01 $1,128.80 $0.00 $1,413.47 $252,531.28
146 $252,531.28 $1,128.80 $0.00 $1,427.85 $255,087.93
147 $255,087.93 $1,128.80 $0.00 $1,442.30 $257,659.03
148 $257,659.03 $1,128.80 $0.00 $1,456.84 $260,244.67
149 $260,244.67 $1,128.80 $0.00 $1,471.46 $262,844.93
150 $262,844.93 $1,128.80 $0.00 $1,486.16 $265,459.89
151 $265,459.89 $1,128.80 $0.00 $1,500.95 $268,089.64
152 $268,089.64 $1,128.80 $0.00 $1,515.82 $270,734.26
153 $270,734.26 $1,128.80 $0.00 $1,530.77 $273,393.83
154 $273,393.83 $1,128.80 $0.00 $1,545.81 $276,068.44
155 $276,068.44 $1,128.80 $0.00 $1,560.93 $278,758.17
156 $278,758.17 $1,128.80 $0.00 $1,576.14 $281,463.11
157 $281,463.11 $1,128.80 $0.00 $1,591.43 $284,183.34
158 $284,183.34 $1,128.80 $0.00 $1,606.81 $286,918.95
159 $286,918.95 $1,128.80 $0.00 $1,622.28 $289,670.03
160 $289,670.03 $1,128.80 $0.00 $1,637.84 $292,436.67
161 $292,436.67 $1,128.80 $0.00 $1,653.48 $295,218.95
162 $295,218.95 $1,128.80 $0.00 $1,669.21 $298,016.96
163 $298,016.96 $1,128.80 $0.00 $1,685.03 $300,830.79
164 $300,830.79 $1,128.80 $0.00 $1,700.94 $303,660.53
165 $303,660.53 $1,128.80 $0.00 $1,716.94 $306,506.27
166 $306,506.27 $1,128.80 $0.00 $1,733.03 $309,368.10
167 $309,368.10 $1,128.80 $0.00 $1,749.21 $312,246.11
168 $312,246.11 $1,128.80 $0.00 $1,765.48 $315,140.39
169 $315,140.39 $1,128.80 $0.00 $1,781.85 $318,051.04
170 $318,051.04 $1,128.80 $0.00 $1,798.31 $320,978.15
171 $320,978.15 $1,128.80 $0.00 $1,814.86 $323,921.81
172 $323,921.81 $1,128.80 $0.00 $1,831.50 $326,882.11
173 $326,882.11 $1,128.80 $0.00 $1,848.24 $329,859.15
174 $329,859.15 $1,128.80 $0.00 $1,865.07 $332,853.02
175 $332,853.02 $1,128.80 $0.00 $1,882.00 $335,863.82
176 $335,863.82 $1,128.80 $0.00 $1,899.02 $338,891.64
177 $338,891.64 $1,128.80 $0.00 $1,916.14 $341,936.58
178 $341,936.58 $1,128.80 $0.00 $1,933.36 $344,998.74
179 $344,998.74 $1,128.80 $0.00 $1,950.67 $348,078.21
180 $348,078.21 $1,128.80 $0.00 $1,968.08 $351,175.09
181 $351,175.09 $1,128.80 $0.00 $1,985.60 $354,289.49
182 $354,289.49 $1,128.80 $0.00 $2,003.20 $357,421.49
183 $357,421.49 $1,128.80 $0.00 $2,020.91 $360,571.20
184 $360,571.20 $1,128.80 $0.00 $2,038.72 $363,738.72
185 $363,738.72 $1,128.80 $0.00 $2,056.63 $366,924.15
186 $366,924.15 $1,128.80 $0.00 $2,074.64 $370,127.59
187 $370,127.59 $1,128.80 $0.00 $2,092.76 $373,349.15
188 $373,349.15 $1,128.80 $0.00 $2,110.97 $376,588.92
189 $376,588.92 $1,128.80 $0.00 $2,129.29 $379,847.01
190 $379,847.01 $1,128.80 $0.00 $2,147.71 $383,123.52
191 $383,123.52 $1,128.80 $0.00 $2,166.24 $386,418.56
192 $386,418.56 $1,128.80 $0.00 $2,184.87 $389,732.23
193 $389,732.23 $1,128.80 $0.00 $2,203.60 $393,064.63
194 $393,064.63 $1,128.80 $0.00 $2,222.44 $396,415.87
195 $396,415.87 $1,128.80 $0.00 $2,241.39 $399,786.06
196 $399,786.06 $1,128.80 $0.00 $2,260.45 $403,175.31
197 $403,175.31 $1,128.80 $0.00 $2,279.61 $406,583.72
198 $406,583.72 $1,128.80 $0.00 $2,298.88 $410,011.40
199 $410,011.40 $1,128.80 $0.00 $2,318.26 $413,458.46
200 $413,458.46 $1,128.80 $0.00 $2,337.75 $416,925.01
201 $416,925.01 $1,128.80 $0.00 $2,357.35 $420,411.16
202 $420,411.16 $1,128.80 $0.00 $2,377.07 $423,917.03
203 $423,917.03 $1,128.80 $0.00 $2,396.89 $427,442.72
204 $427,442.72 $1,128.80 $0.00 $2,416.82 $430,988.34
205 $430,988.34 $1,128.80 $0.00 $2,436.87 $434,554.01
206 $434,554.01 $1,128.80 $0.00 $2,457.03 $438,139.84
207 $438,139.84 $1,128.80 $0.00 $2,477.31 $441,745.95
208 $441,745.95 $1,128.80 $0.00 $2,497.70 $445,372.45
209 $445,372.45 $1,128.80 $0.00 $2,518.20 $449,019.45
210 $449,019.45 $1,128.80 $0.00 $2,538.82 $452,687.07
211 $452,687.07 $1,128.80 $0.00 $2,559.56 $456,375.43
212 $456,375.43 $1,128.80 $0.00 $2,580.41 $460,084.64
213 $460,084.64 $1,128.80 $0.00 $2,601.39 $463,814.83
214 $463,814.83 $1,128.80 $0.00 $2,622.48 $467,566.11
215 $467,566.11 $1,128.80 $0.00 $2,643.69 $471,338.60
216 $471,338.60 $1,128.80 $0.00 $2,665.02 $475,132.42
217 $475,132.42 $1,128.80 $132,339.99 $2,686.47 $346,607.70
218 $346,607.70 $1,128.80 $0.00 $1,959.77 $349,696.27
219 $349,696.27 $1,128.80 $0.00 $1,977.23 $352,802.30
220 $352,802.30 $1,128.80 $0.00 $1,994.80 $355,925.90
221 $355,925.90 $1,128.80 $0.00 $2,012.46 $359,067.16
222 $359,067.16 $1,128.80 $0.00 $2,030.22 $362,226.18
223 $362,226.18 $1,128.80 $0.00 $2,048.08 $365,403.06
224 $365,403.06 $1,128.80 $0.00 $2,066.04 $368,597.90
225 $368,597.90 $1,128.80 $0.00 $2,084.11 $371,810.81
226 $371,810.81 $1,128.80 $0.00 $2,102.27 $375,041.88
227 $375,041.88 $1,128.80 $0.00 $2,120.54 $378,291.22
228 $378,291.22 $1,128.80 $0.00 $2,138.91 $381,558.93
229 $381,558.93 $1,128.80 $138,956.99 $2,157.39 $245,888.13
230 $245,888.13 $1,128.80 $0.00 $1,390.29 $248,407.22
231 $248,407.22 $1,128.80 $0.00 $1,404.53 $250,940.55
232 $250,940.55 $1,128.80 $0.00 $1,418.85 $253,488.20
233 $253,488.20 $1,128.80 $0.00 $1,433.26 $256,050.26
234 $256,050.26 $1,128.80 $0.00 $1,447.75 $258,626.81
235 $258,626.81 $1,128.80 $0.00 $1,462.31 $261,217.92
236 $261,217.92 $1,128.80 $0.00 $1,476.96 $263,823.68
237 $263,823.68 $1,128.80 $0.00 $1,491.70 $266,444.18
238 $266,444.18 $1,128.80 $0.00 $1,506.51 $269,079.49
239 $269,079.49 $1,128.80 $0.00 $1,521.41 $271,729.70
240 $271,729.70 $1,128.80 $0.00 $1,536.40 $274,394.90
241 $274,394.90 $1,128.80 $145,904.84 $1,551.47 $131,170.33
242 $131,170.33 $1,128.80 $0.00 $741.66 $133,040.79
243 $133,040.79 $1,128.80 $0.00 $752.23 $134,921.82
244 $134,921.82 $1,128.80 $0.00 $762.87 $136,813.49
245 $136,813.49 $1,128.80 $0.00 $773.56 $138,715.85
246 $138,715.85 $1,128.80 $0.00 $784.32 $140,628.97
247 $140,628.97 $1,128.80 $0.00 $795.14 $142,552.91
248 $142,552.91 $1,128.80 $0.00 $806.01 $144,487.72
249 $144,487.72 $1,128.80 $0.00 $816.95 $146,433.47
250 $146,433.47 $1,128.80 $0.00 $827.96 $148,390.23
251 $148,390.23 $1,128.80 $0.00 $839.02 $150,358.05
252 $150,358.05 $1,128.80 $0.00 $850.15 $152,337.00
253 $152,337.00 $0.00 $153,200.08 $861.34 ($1.74)