Savings Plan and Future Cost Estimation for Baylor University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$168,247
Monthly savings required$1,332

How much will it cost to send your child to Baylor University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $672,989.19 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,331.82 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$64,880.00
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 $1,331.82 $0.00 $0.00 $1,331.82
2 $1,331.82 $1,331.82 $0.00 $7.53 $2,671.17
3 $2,671.17 $1,331.82 $0.00 $15.10 $4,018.09
4 $4,018.09 $1,331.82 $0.00 $22.72 $5,372.63
5 $5,372.63 $1,331.82 $0.00 $30.38 $6,734.83
6 $6,734.83 $1,331.82 $0.00 $38.08 $8,104.73
7 $8,104.73 $1,331.82 $0.00 $45.83 $9,482.38
8 $9,482.38 $1,331.82 $0.00 $53.61 $10,867.81
9 $10,867.81 $1,331.82 $0.00 $61.45 $12,261.08
10 $12,261.08 $1,331.82 $0.00 $69.33 $13,662.23
11 $13,662.23 $1,331.82 $0.00 $77.25 $15,071.30
12 $15,071.30 $1,331.82 $0.00 $85.22 $16,488.34
13 $16,488.34 $1,331.82 $0.00 $93.23 $17,913.39
14 $17,913.39 $1,331.82 $0.00 $101.28 $19,346.49
15 $19,346.49 $1,331.82 $0.00 $109.39 $20,787.70
16 $20,787.70 $1,331.82 $0.00 $117.54 $22,237.06
17 $22,237.06 $1,331.82 $0.00 $125.73 $23,694.61
18 $23,694.61 $1,331.82 $0.00 $133.97 $25,160.40
19 $25,160.40 $1,331.82 $0.00 $142.26 $26,634.48
20 $26,634.48 $1,331.82 $0.00 $150.60 $28,116.90
21 $28,116.90 $1,331.82 $0.00 $158.98 $29,607.70
22 $29,607.70 $1,331.82 $0.00 $167.41 $31,106.93
23 $31,106.93 $1,331.82 $0.00 $175.88 $32,614.63
24 $32,614.63 $1,331.82 $0.00 $184.41 $34,130.86
25 $34,130.86 $1,331.82 $0.00 $192.98 $35,655.66
26 $35,655.66 $1,331.82 $0.00 $201.60 $37,189.08
27 $37,189.08 $1,331.82 $0.00 $210.27 $38,731.17
28 $38,731.17 $1,331.82 $0.00 $218.99 $40,281.98
29 $40,281.98 $1,331.82 $0.00 $227.76 $41,841.56
30 $41,841.56 $1,331.82 $0.00 $236.58 $43,409.96
31 $43,409.96 $1,331.82 $0.00 $245.45 $44,987.23
32 $44,987.23 $1,331.82 $0.00 $254.36 $46,573.41
33 $46,573.41 $1,331.82 $0.00 $263.33 $48,168.56
34 $48,168.56 $1,331.82 $0.00 $272.35 $49,772.73
35 $49,772.73 $1,331.82 $0.00 $281.42 $51,385.97
36 $51,385.97 $1,331.82 $0.00 $290.54 $53,008.33
37 $53,008.33 $1,331.82 $0.00 $299.72 $54,639.87
38 $54,639.87 $1,331.82 $0.00 $308.94 $56,280.63
39 $56,280.63 $1,331.82 $0.00 $318.22 $57,930.67
40 $57,930.67 $1,331.82 $0.00 $327.55 $59,590.04
41 $59,590.04 $1,331.82 $0.00 $336.93 $61,258.79
42 $61,258.79 $1,331.82 $0.00 $346.37 $62,936.98
43 $62,936.98 $1,331.82 $0.00 $355.85 $64,624.65
44 $64,624.65 $1,331.82 $0.00 $365.40 $66,321.87
45 $66,321.87 $1,331.82 $0.00 $374.99 $68,028.68
46 $68,028.68 $1,331.82 $0.00 $384.64 $69,745.14
47 $69,745.14 $1,331.82 $0.00 $394.35 $71,471.31
48 $71,471.31 $1,331.82 $0.00 $404.11 $73,207.24
49 $73,207.24 $1,331.82 $0.00 $413.92 $74,952.98
50 $74,952.98 $1,331.82 $0.00 $423.80 $76,708.60
51 $76,708.60 $1,331.82 $0.00 $433.72 $78,474.14
52 $78,474.14 $1,331.82 $0.00 $443.70 $80,249.66
53 $80,249.66 $1,331.82 $0.00 $453.74 $82,035.22
54 $82,035.22 $1,331.82 $0.00 $463.84 $83,830.88
55 $83,830.88 $1,331.82 $0.00 $473.99 $85,636.69
56 $85,636.69 $1,331.82 $0.00 $484.20 $87,452.71
57 $87,452.71 $1,331.82 $0.00 $494.47 $89,279.00
58 $89,279.00 $1,331.82 $0.00 $504.80 $91,115.62
59 $91,115.62 $1,331.82 $0.00 $515.18 $92,962.62
60 $92,962.62 $1,331.82 $0.00 $525.62 $94,820.06
61 $94,820.06 $1,331.82 $0.00 $536.13 $96,688.01
62 $96,688.01 $1,331.82 $0.00 $546.69 $98,566.52
63 $98,566.52 $1,331.82 $0.00 $557.31 $100,455.65
64 $100,455.65 $1,331.82 $0.00 $567.99 $102,355.46
65 $102,355.46 $1,331.82 $0.00 $578.73 $104,266.01
66 $104,266.01 $1,331.82 $0.00 $589.54 $106,187.37
67 $106,187.37 $1,331.82 $0.00 $600.40 $108,119.59
68 $108,119.59 $1,331.82 $0.00 $611.32 $110,062.73
69 $110,062.73 $1,331.82 $0.00 $622.31 $112,016.86
70 $112,016.86 $1,331.82 $0.00 $633.36 $113,982.04
71 $113,982.04 $1,331.82 $0.00 $644.47 $115,958.33
72 $115,958.33 $1,331.82 $0.00 $655.65 $117,945.80
73 $117,945.80 $1,331.82 $0.00 $666.88 $119,944.50
74 $119,944.50 $1,331.82 $0.00 $678.18 $121,954.50
75 $121,954.50 $1,331.82 $0.00 $689.55 $123,975.87
76 $123,975.87 $1,331.82 $0.00 $700.98 $126,008.67
77 $126,008.67 $1,331.82 $0.00 $712.47 $128,052.96
78 $128,052.96 $1,331.82 $0.00 $724.03 $130,108.81
79 $130,108.81 $1,331.82 $0.00 $735.65 $132,176.28
80 $132,176.28 $1,331.82 $0.00 $747.34 $134,255.44
81 $134,255.44 $1,331.82 $0.00 $759.10 $136,346.36
82 $136,346.36 $1,331.82 $0.00 $770.92 $138,449.10
83 $138,449.10 $1,331.82 $0.00 $782.81 $140,563.73
84 $140,563.73 $1,331.82 $0.00 $794.77 $142,690.32
85 $142,690.32 $1,331.82 $0.00 $806.79 $144,828.93
86 $144,828.93 $1,331.82 $0.00 $818.88 $146,979.63
87 $146,979.63 $1,331.82 $0.00 $831.04 $149,142.49
88 $149,142.49 $1,331.82 $0.00 $843.27 $151,317.58
89 $151,317.58 $1,331.82 $0.00 $855.57 $153,504.97
90 $153,504.97 $1,331.82 $0.00 $867.94 $155,704.73
91 $155,704.73 $1,331.82 $0.00 $880.38 $157,916.93
92 $157,916.93 $1,331.82 $0.00 $892.89 $160,141.64
93 $160,141.64 $1,331.82 $0.00 $905.46 $162,378.92
94 $162,378.92 $1,331.82 $0.00 $918.11 $164,628.85
95 $164,628.85 $1,331.82 $0.00 $930.84 $166,891.51
96 $166,891.51 $1,331.82 $0.00 $943.63 $169,166.96
97 $169,166.96 $1,331.82 $0.00 $956.49 $171,455.27
98 $171,455.27 $1,331.82 $0.00 $969.43 $173,756.52
99 $173,756.52 $1,331.82 $0.00 $982.44 $176,070.78
100 $176,070.78 $1,331.82 $0.00 $995.53 $178,398.13
101 $178,398.13 $1,331.82 $0.00 $1,008.69 $180,738.64
102 $180,738.64 $1,331.82 $0.00 $1,021.92 $183,092.38
103 $183,092.38 $1,331.82 $0.00 $1,035.23 $185,459.43
104 $185,459.43 $1,331.82 $0.00 $1,048.61 $187,839.86
105 $187,839.86 $1,331.82 $0.00 $1,062.07 $190,233.75
106 $190,233.75 $1,331.82 $0.00 $1,075.61 $192,641.18
107 $192,641.18 $1,331.82 $0.00 $1,089.22 $195,062.22
108 $195,062.22 $1,331.82 $0.00 $1,102.91 $197,496.95
109 $197,496.95 $1,331.82 $0.00 $1,116.68 $199,945.45
110 $199,945.45 $1,331.82 $0.00 $1,130.52 $202,407.79
111 $202,407.79 $1,331.82 $0.00 $1,144.44 $204,884.05
112 $204,884.05 $1,331.82 $0.00 $1,158.44 $207,374.31
113 $207,374.31 $1,331.82 $0.00 $1,172.52 $209,878.65
114 $209,878.65 $1,331.82 $0.00 $1,186.68 $212,397.15
115 $212,397.15 $1,331.82 $0.00 $1,200.92 $214,929.89
116 $214,929.89 $1,331.82 $0.00 $1,215.24 $217,476.95
117 $217,476.95 $1,331.82 $0.00 $1,229.65 $220,038.42
118 $220,038.42 $1,331.82 $0.00 $1,244.13 $222,614.37
119 $222,614.37 $1,331.82 $0.00 $1,258.69 $225,204.88
120 $225,204.88 $1,331.82 $0.00 $1,273.34 $227,810.04
121 $227,810.04 $1,331.82 $0.00 $1,288.07 $230,429.93
122 $230,429.93 $1,331.82 $0.00 $1,302.88 $233,064.63
123 $233,064.63 $1,331.82 $0.00 $1,317.78 $235,714.23
124 $235,714.23 $1,331.82 $0.00 $1,332.76 $238,378.81
125 $238,378.81 $1,331.82 $0.00 $1,347.83 $241,058.46
126 $241,058.46 $1,331.82 $0.00 $1,362.98 $243,753.26
127 $243,753.26 $1,331.82 $0.00 $1,378.22 $246,463.30
128 $246,463.30 $1,331.82 $0.00 $1,393.54 $249,188.66
129 $249,188.66 $1,331.82 $0.00 $1,408.95 $251,929.43
130 $251,929.43 $1,331.82 $0.00 $1,424.45 $254,685.70
131 $254,685.70 $1,331.82 $0.00 $1,440.03 $257,457.55
132 $257,457.55 $1,331.82 $0.00 $1,455.70 $260,245.07
133 $260,245.07 $1,331.82 $0.00 $1,471.46 $263,048.35
134 $263,048.35 $1,331.82 $0.00 $1,487.31 $265,867.48
135 $265,867.48 $1,331.82 $0.00 $1,503.25 $268,702.55
136 $268,702.55 $1,331.82 $0.00 $1,519.28 $271,553.65
137 $271,553.65 $1,331.82 $0.00 $1,535.40 $274,420.87
138 $274,420.87 $1,331.82 $0.00 $1,551.62 $277,304.31
139 $277,304.31 $1,331.82 $0.00 $1,567.92 $280,204.05
140 $280,204.05 $1,331.82 $0.00 $1,584.31 $283,120.18
141 $283,120.18 $1,331.82 $0.00 $1,600.80 $286,052.80
142 $286,052.80 $1,331.82 $0.00 $1,617.38 $289,002.00
143 $289,002.00 $1,331.82 $0.00 $1,634.06 $291,967.88
144 $291,967.88 $1,331.82 $0.00 $1,650.83 $294,950.53
145 $294,950.53 $1,331.82 $0.00 $1,667.69 $297,950.04
146 $297,950.04 $1,331.82 $0.00 $1,684.65 $300,966.51
147 $300,966.51 $1,331.82 $0.00 $1,701.71 $304,000.04
148 $304,000.04 $1,331.82 $0.00 $1,718.86 $307,050.72
149 $307,050.72 $1,331.82 $0.00 $1,736.11 $310,118.65
150 $310,118.65 $1,331.82 $0.00 $1,753.46 $313,203.93
151 $313,203.93 $1,331.82 $0.00 $1,770.90 $316,306.65
152 $316,306.65 $1,331.82 $0.00 $1,788.44 $319,426.91
153 $319,426.91 $1,331.82 $0.00 $1,806.09 $322,564.82
154 $322,564.82 $1,331.82 $0.00 $1,823.83 $325,720.47
155 $325,720.47 $1,331.82 $0.00 $1,841.67 $328,893.96
156 $328,893.96 $1,331.82 $0.00 $1,859.61 $332,085.39
157 $332,085.39 $1,331.82 $0.00 $1,877.66 $335,294.87
158 $335,294.87 $1,331.82 $0.00 $1,895.81 $338,522.50
159 $338,522.50 $1,331.82 $0.00 $1,914.06 $341,768.38
160 $341,768.38 $1,331.82 $0.00 $1,932.41 $345,032.61
161 $345,032.61 $1,331.82 $0.00 $1,950.86 $348,315.29
162 $348,315.29 $1,331.82 $0.00 $1,969.43 $351,616.54
163 $351,616.54 $1,331.82 $0.00 $1,988.09 $354,936.45
164 $354,936.45 $1,331.82 $0.00 $2,006.86 $358,275.13
165 $358,275.13 $1,331.82 $0.00 $2,025.74 $361,632.69
166 $361,632.69 $1,331.82 $0.00 $2,044.72 $365,009.23
167 $365,009.23 $1,331.82 $0.00 $2,063.82 $368,404.87
168 $368,404.87 $1,331.82 $0.00 $2,083.01 $371,819.70
169 $371,819.70 $1,331.82 $0.00 $2,102.32 $375,253.84
170 $375,253.84 $1,331.82 $0.00 $2,121.74 $378,707.40
171 $378,707.40 $1,331.82 $0.00 $2,141.27 $382,180.49
172 $382,180.49 $1,331.82 $0.00 $2,160.90 $385,673.21
173 $385,673.21 $1,331.82 $0.00 $2,180.65 $389,185.68
174 $389,185.68 $1,331.82 $0.00 $2,200.51 $392,718.01
175 $392,718.01 $1,331.82 $0.00 $2,220.48 $396,270.31
176 $396,270.31 $1,331.82 $0.00 $2,240.57 $399,842.70
177 $399,842.70 $1,331.82 $0.00 $2,260.77 $403,435.29
178 $403,435.29 $1,331.82 $0.00 $2,281.08 $407,048.19
179 $407,048.19 $1,331.82 $0.00 $2,301.51 $410,681.52
180 $410,681.52 $1,331.82 $0.00 $2,322.05 $414,335.39
181 $414,335.39 $1,331.82 $0.00 $2,342.71 $418,009.92
182 $418,009.92 $1,331.82 $0.00 $2,363.49 $421,705.23
183 $421,705.23 $1,331.82 $0.00 $2,384.38 $425,421.43
184 $425,421.43 $1,331.82 $0.00 $2,405.39 $429,158.64
185 $429,158.64 $1,331.82 $0.00 $2,426.53 $432,916.99
186 $432,916.99 $1,331.82 $0.00 $2,447.78 $436,696.59
187 $436,696.59 $1,331.82 $0.00 $2,469.15 $440,497.56
188 $440,497.56 $1,331.82 $0.00 $2,490.64 $444,320.02
189 $444,320.02 $1,331.82 $0.00 $2,512.25 $448,164.09
190 $448,164.09 $1,331.82 $0.00 $2,533.98 $452,029.89
191 $452,029.89 $1,331.82 $0.00 $2,555.84 $455,917.55
192 $455,917.55 $1,331.82 $0.00 $2,577.82 $459,827.19
193 $459,827.19 $1,331.82 $0.00 $2,599.93 $463,758.94
194 $463,758.94 $1,331.82 $0.00 $2,622.16 $467,712.92
195 $467,712.92 $1,331.82 $0.00 $2,644.52 $471,689.26
196 $471,689.26 $1,331.82 $0.00 $2,667.00 $475,688.08
197 $475,688.08 $1,331.82 $0.00 $2,689.61 $479,709.51
198 $479,709.51 $1,331.82 $0.00 $2,712.35 $483,753.68
199 $483,753.68 $1,331.82 $0.00 $2,735.21 $487,820.71
200 $487,820.71 $1,331.82 $0.00 $2,758.21 $491,910.74
201 $491,910.74 $1,331.82 $0.00 $2,781.33 $496,023.89
202 $496,023.89 $1,331.82 $0.00 $2,804.59 $500,160.30
203 $500,160.30 $1,331.82 $0.00 $2,827.98 $504,320.10
204 $504,320.10 $1,331.82 $0.00 $2,851.50 $508,503.42
205 $508,503.42 $1,331.82 $0.00 $2,875.15 $512,710.39
206 $512,710.39 $1,331.82 $0.00 $2,898.94 $516,941.15
207 $516,941.15 $1,331.82 $0.00 $2,922.86 $521,195.83
208 $521,195.83 $1,331.82 $0.00 $2,946.92 $525,474.57
209 $525,474.57 $1,331.82 $0.00 $2,971.11 $529,777.50
210 $529,777.50 $1,331.82 $0.00 $2,995.44 $534,104.76
211 $534,104.76 $1,331.82 $0.00 $3,019.91 $538,456.49
212 $538,456.49 $1,331.82 $0.00 $3,044.51 $542,832.82
213 $542,832.82 $1,331.82 $0.00 $3,069.26 $547,233.90
214 $547,233.90 $1,331.82 $0.00 $3,094.14 $551,659.86
215 $551,659.86 $1,331.82 $0.00 $3,119.17 $556,110.85
216 $556,110.85 $1,331.82 $0.00 $3,144.33 $560,587.00
217 $560,587.00 $1,331.82 $156,141.46 $3,169.64 $408,947.00
218 $408,947.00 $1,331.82 $0.00 $2,312.25 $412,591.07
219 $412,591.07 $1,331.82 $0.00 $2,332.85 $416,255.74
220 $416,255.74 $1,331.82 $0.00 $2,353.57 $419,941.13
221 $419,941.13 $1,331.82 $0.00 $2,374.41 $423,647.36
222 $423,647.36 $1,331.82 $0.00 $2,395.36 $427,374.54
223 $427,374.54 $1,331.82 $0.00 $2,416.44 $431,122.80
224 $431,122.80 $1,331.82 $0.00 $2,437.63 $434,892.25
225 $434,892.25 $1,331.82 $0.00 $2,458.94 $438,683.01
226 $438,683.01 $1,331.82 $0.00 $2,480.38 $442,495.21
227 $442,495.21 $1,331.82 $0.00 $2,501.93 $446,328.96
228 $446,328.96 $1,331.82 $0.00 $2,523.61 $450,184.39
229 $450,184.39 $1,331.82 $163,948.53 $2,545.41 $290,113.09
230 $290,113.09 $1,331.82 $0.00 $1,640.34 $293,085.25
231 $293,085.25 $1,331.82 $0.00 $1,657.15 $296,074.22
232 $296,074.22 $1,331.82 $0.00 $1,674.05 $299,080.09
233 $299,080.09 $1,331.82 $0.00 $1,691.04 $302,102.95
234 $302,102.95 $1,331.82 $0.00 $1,708.13 $305,142.90
235 $305,142.90 $1,331.82 $0.00 $1,725.32 $308,200.04
236 $308,200.04 $1,331.82 $0.00 $1,742.61 $311,274.47
237 $311,274.47 $1,331.82 $0.00 $1,759.99 $314,366.28
238 $314,366.28 $1,331.82 $0.00 $1,777.47 $317,475.57
239 $317,475.57 $1,331.82 $0.00 $1,795.05 $320,602.44
240 $320,602.44 $1,331.82 $0.00 $1,812.73 $323,746.99
241 $323,746.99 $1,331.82 $172,145.96 $1,830.51 $154,763.36
242 $154,763.36 $1,331.82 $0.00 $875.05 $156,970.23
243 $156,970.23 $1,331.82 $0.00 $887.53 $159,189.58
244 $159,189.58 $1,331.82 $0.00 $900.08 $161,421.48
245 $161,421.48 $1,331.82 $0.00 $912.70 $163,666.00
246 $163,666.00 $1,331.82 $0.00 $925.39 $165,923.21
247 $165,923.21 $1,331.82 $0.00 $938.15 $168,193.18
248 $168,193.18 $1,331.82 $0.00 $950.99 $170,475.99
249 $170,475.99 $1,331.82 $0.00 $963.90 $172,771.71
250 $172,771.71 $1,331.82 $0.00 $976.88 $175,080.41
251 $175,080.41 $1,331.82 $0.00 $989.93 $177,402.16
252 $177,402.16 $1,331.82 $0.00 $1,003.06 $179,737.04
253 $179,737.04 $0.00 $180,753.25 $1,016.26 $0.05