Savings Plan and Future Cost Estimation for Concordia University Texas

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$201,142
Monthly savings required$1,590

How much will it cost to send your child to Concordia University Texas in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $804,569.57 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,589.67 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$53,614.00
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 $1,589.67 $0.00 $0.00 $1,589.67
2 $1,589.67 $1,589.67 $0.00 $8.99 $3,188.33
3 $3,188.33 $1,589.67 $0.00 $18.03 $4,796.03
4 $4,796.03 $1,589.67 $0.00 $27.12 $6,412.82
5 $6,412.82 $1,589.67 $0.00 $36.26 $8,038.75
6 $8,038.75 $1,589.67 $0.00 $45.45 $9,673.87
7 $9,673.87 $1,589.67 $0.00 $54.70 $11,318.24
8 $11,318.24 $1,589.67 $0.00 $63.99 $12,971.90
9 $12,971.90 $1,589.67 $0.00 $73.35 $14,634.92
10 $14,634.92 $1,589.67 $0.00 $82.75 $16,307.34
11 $16,307.34 $1,589.67 $0.00 $92.20 $17,989.21
12 $17,989.21 $1,589.67 $0.00 $101.71 $19,680.59
13 $19,680.59 $1,589.67 $0.00 $111.28 $21,381.54
14 $21,381.54 $1,589.67 $0.00 $120.89 $23,092.10
15 $23,092.10 $1,589.67 $0.00 $130.57 $24,812.34
16 $24,812.34 $1,589.67 $0.00 $140.29 $26,542.30
17 $26,542.30 $1,589.67 $0.00 $150.07 $28,282.04
18 $28,282.04 $1,589.67 $0.00 $159.91 $30,031.62
19 $30,031.62 $1,589.67 $0.00 $169.80 $31,791.09
20 $31,791.09 $1,589.67 $0.00 $179.75 $33,560.51
21 $33,560.51 $1,589.67 $0.00 $189.76 $35,339.94
22 $35,339.94 $1,589.67 $0.00 $199.82 $37,129.43
23 $37,129.43 $1,589.67 $0.00 $209.94 $38,929.04
24 $38,929.04 $1,589.67 $0.00 $220.11 $40,738.82
25 $40,738.82 $1,589.67 $0.00 $230.34 $42,558.83
26 $42,558.83 $1,589.67 $0.00 $240.63 $44,389.13
27 $44,389.13 $1,589.67 $0.00 $250.98 $46,229.78
28 $46,229.78 $1,589.67 $0.00 $261.39 $48,080.84
29 $48,080.84 $1,589.67 $0.00 $271.86 $49,942.37
30 $49,942.37 $1,589.67 $0.00 $282.38 $51,814.42
31 $51,814.42 $1,589.67 $0.00 $292.97 $53,697.06
32 $53,697.06 $1,589.67 $0.00 $303.61 $55,590.34
33 $55,590.34 $1,589.67 $0.00 $314.32 $57,494.33
34 $57,494.33 $1,589.67 $0.00 $325.08 $59,409.08
35 $59,409.08 $1,589.67 $0.00 $335.91 $61,334.66
36 $61,334.66 $1,589.67 $0.00 $346.80 $63,271.13
37 $63,271.13 $1,589.67 $0.00 $357.74 $65,218.54
38 $65,218.54 $1,589.67 $0.00 $368.76 $67,176.97
39 $67,176.97 $1,589.67 $0.00 $379.83 $69,146.47
40 $69,146.47 $1,589.67 $0.00 $390.96 $71,127.10
41 $71,127.10 $1,589.67 $0.00 $402.16 $73,118.93
42 $73,118.93 $1,589.67 $0.00 $413.43 $75,122.03
43 $75,122.03 $1,589.67 $0.00 $424.75 $77,136.45
44 $77,136.45 $1,589.67 $0.00 $436.14 $79,162.26
45 $79,162.26 $1,589.67 $0.00 $447.59 $81,199.52
46 $81,199.52 $1,589.67 $0.00 $459.11 $83,248.30
47 $83,248.30 $1,589.67 $0.00 $470.70 $85,308.67
48 $85,308.67 $1,589.67 $0.00 $482.35 $87,380.69
49 $87,380.69 $1,589.67 $0.00 $494.06 $89,464.42
50 $89,464.42 $1,589.67 $0.00 $505.84 $91,559.93
51 $91,559.93 $1,589.67 $0.00 $517.69 $93,667.29
52 $93,667.29 $1,589.67 $0.00 $529.61 $95,786.57
53 $95,786.57 $1,589.67 $0.00 $541.59 $97,917.83
54 $97,917.83 $1,589.67 $0.00 $553.64 $100,061.14
55 $100,061.14 $1,589.67 $0.00 $565.76 $102,216.57
56 $102,216.57 $1,589.67 $0.00 $577.95 $104,384.19
57 $104,384.19 $1,589.67 $0.00 $590.20 $106,564.06
58 $106,564.06 $1,589.67 $0.00 $602.53 $108,756.26
59 $108,756.26 $1,589.67 $0.00 $614.92 $110,960.85
60 $110,960.85 $1,589.67 $0.00 $627.39 $113,177.91
61 $113,177.91 $1,589.67 $0.00 $639.92 $115,407.50
62 $115,407.50 $1,589.67 $0.00 $652.53 $117,649.70
63 $117,649.70 $1,589.67 $0.00 $665.21 $119,904.58
64 $119,904.58 $1,589.67 $0.00 $677.96 $122,172.21
65 $122,172.21 $1,589.67 $0.00 $690.78 $124,452.66
66 $124,452.66 $1,589.67 $0.00 $703.67 $126,746.00
67 $126,746.00 $1,589.67 $0.00 $716.64 $129,052.31
68 $129,052.31 $1,589.67 $0.00 $729.68 $131,371.66
69 $131,371.66 $1,589.67 $0.00 $742.79 $133,704.12
70 $133,704.12 $1,589.67 $0.00 $755.98 $136,049.77
71 $136,049.77 $1,589.67 $0.00 $769.25 $138,408.69
72 $138,408.69 $1,589.67 $0.00 $782.58 $140,780.94
73 $140,780.94 $1,589.67 $0.00 $796.00 $143,166.61
74 $143,166.61 $1,589.67 $0.00 $809.48 $145,565.76
75 $145,565.76 $1,589.67 $0.00 $823.05 $147,978.48
76 $147,978.48 $1,589.67 $0.00 $836.69 $150,404.84
77 $150,404.84 $1,589.67 $0.00 $850.41 $152,844.92
78 $152,844.92 $1,589.67 $0.00 $864.21 $155,298.80
79 $155,298.80 $1,589.67 $0.00 $878.08 $157,766.55
80 $157,766.55 $1,589.67 $0.00 $892.04 $160,248.26
81 $160,248.26 $1,589.67 $0.00 $906.07 $162,744.00
82 $162,744.00 $1,589.67 $0.00 $920.18 $165,253.85
83 $165,253.85 $1,589.67 $0.00 $934.37 $167,777.89
84 $167,777.89 $1,589.67 $0.00 $948.64 $170,316.20
85 $170,316.20 $1,589.67 $0.00 $962.99 $172,868.86
86 $172,868.86 $1,589.67 $0.00 $977.43 $175,435.96
87 $175,435.96 $1,589.67 $0.00 $991.94 $178,017.57
88 $178,017.57 $1,589.67 $0.00 $1,006.54 $180,613.78
89 $180,613.78 $1,589.67 $0.00 $1,021.22 $183,224.67
90 $183,224.67 $1,589.67 $0.00 $1,035.98 $185,850.32
91 $185,850.32 $1,589.67 $0.00 $1,050.82 $188,490.81
92 $188,490.81 $1,589.67 $0.00 $1,065.75 $191,146.23
93 $191,146.23 $1,589.67 $0.00 $1,080.77 $193,816.67
94 $193,816.67 $1,589.67 $0.00 $1,095.87 $196,502.21
95 $196,502.21 $1,589.67 $0.00 $1,111.05 $199,202.93
96 $199,202.93 $1,589.67 $0.00 $1,126.32 $201,918.92
97 $201,918.92 $1,589.67 $0.00 $1,141.68 $204,650.27
98 $204,650.27 $1,589.67 $0.00 $1,157.12 $207,397.06
99 $207,397.06 $1,589.67 $0.00 $1,172.65 $210,159.38
100 $210,159.38 $1,589.67 $0.00 $1,188.27 $212,937.32
101 $212,937.32 $1,589.67 $0.00 $1,203.98 $215,730.97
102 $215,730.97 $1,589.67 $0.00 $1,219.77 $218,540.41
103 $218,540.41 $1,589.67 $0.00 $1,235.66 $221,365.74
104 $221,365.74 $1,589.67 $0.00 $1,251.63 $224,207.04
105 $224,207.04 $1,589.67 $0.00 $1,267.70 $227,064.41
106 $227,064.41 $1,589.67 $0.00 $1,283.86 $229,937.94
107 $229,937.94 $1,589.67 $0.00 $1,300.10 $232,827.71
108 $232,827.71 $1,589.67 $0.00 $1,316.44 $235,733.82
109 $235,733.82 $1,589.67 $0.00 $1,332.87 $238,656.36
110 $238,656.36 $1,589.67 $0.00 $1,349.40 $241,595.43
111 $241,595.43 $1,589.67 $0.00 $1,366.02 $244,551.12
112 $244,551.12 $1,589.67 $0.00 $1,382.73 $247,523.52
113 $247,523.52 $1,589.67 $0.00 $1,399.53 $250,512.72
114 $250,512.72 $1,589.67 $0.00 $1,416.44 $253,518.83
115 $253,518.83 $1,589.67 $0.00 $1,433.43 $256,541.93
116 $256,541.93 $1,589.67 $0.00 $1,450.53 $259,582.13
117 $259,582.13 $1,589.67 $0.00 $1,467.72 $262,639.52
118 $262,639.52 $1,589.67 $0.00 $1,485.00 $265,714.19
119 $265,714.19 $1,589.67 $0.00 $1,502.39 $268,806.25
120 $268,806.25 $1,589.67 $0.00 $1,519.87 $271,915.79
121 $271,915.79 $1,589.67 $0.00 $1,537.45 $275,042.91
122 $275,042.91 $1,589.67 $0.00 $1,555.13 $278,187.71
123 $278,187.71 $1,589.67 $0.00 $1,572.91 $281,350.29
124 $281,350.29 $1,589.67 $0.00 $1,590.80 $284,530.76
125 $284,530.76 $1,589.67 $0.00 $1,608.78 $287,729.21
126 $287,729.21 $1,589.67 $0.00 $1,626.86 $290,945.74
127 $290,945.74 $1,589.67 $0.00 $1,645.05 $294,180.46
128 $294,180.46 $1,589.67 $0.00 $1,663.34 $297,433.47
129 $297,433.47 $1,589.67 $0.00 $1,681.73 $300,704.87
130 $300,704.87 $1,589.67 $0.00 $1,700.23 $303,994.77
131 $303,994.77 $1,589.67 $0.00 $1,718.83 $307,303.27
132 $307,303.27 $1,589.67 $0.00 $1,737.54 $310,630.48
133 $310,630.48 $1,589.67 $0.00 $1,756.35 $313,976.50
134 $313,976.50 $1,589.67 $0.00 $1,775.27 $317,341.44
135 $317,341.44 $1,589.67 $0.00 $1,794.29 $320,725.40
136 $320,725.40 $1,589.67 $0.00 $1,813.43 $324,128.50
137 $324,128.50 $1,589.67 $0.00 $1,832.67 $327,550.84
138 $327,550.84 $1,589.67 $0.00 $1,852.02 $330,992.53
139 $330,992.53 $1,589.67 $0.00 $1,871.48 $334,453.68
140 $334,453.68 $1,589.67 $0.00 $1,891.05 $337,934.40
141 $337,934.40 $1,589.67 $0.00 $1,910.73 $341,434.80
142 $341,434.80 $1,589.67 $0.00 $1,930.52 $344,954.99
143 $344,954.99 $1,589.67 $0.00 $1,950.43 $348,495.09
144 $348,495.09 $1,589.67 $0.00 $1,970.44 $352,055.20
145 $352,055.20 $1,589.67 $0.00 $1,990.57 $355,635.44
146 $355,635.44 $1,589.67 $0.00 $2,010.81 $359,235.92
147 $359,235.92 $1,589.67 $0.00 $2,031.17 $362,856.76
148 $362,856.76 $1,589.67 $0.00 $2,051.64 $366,498.07
149 $366,498.07 $1,589.67 $0.00 $2,072.23 $370,159.97
150 $370,159.97 $1,589.67 $0.00 $2,092.94 $373,842.58
151 $373,842.58 $1,589.67 $0.00 $2,113.76 $377,546.01
152 $377,546.01 $1,589.67 $0.00 $2,134.70 $381,270.38
153 $381,270.38 $1,589.67 $0.00 $2,155.76 $385,015.81
154 $385,015.81 $1,589.67 $0.00 $2,176.94 $388,782.42
155 $388,782.42 $1,589.67 $0.00 $2,198.23 $392,570.32
156 $392,570.32 $1,589.67 $0.00 $2,219.65 $396,379.64
157 $396,379.64 $1,589.67 $0.00 $2,241.19 $400,210.50
158 $400,210.50 $1,589.67 $0.00 $2,262.85 $404,063.02
159 $404,063.02 $1,589.67 $0.00 $2,284.63 $407,937.32
160 $407,937.32 $1,589.67 $0.00 $2,306.54 $411,833.53
161 $411,833.53 $1,589.67 $0.00 $2,328.57 $415,751.77
162 $415,751.77 $1,589.67 $0.00 $2,350.72 $419,692.16
163 $419,692.16 $1,589.67 $0.00 $2,373.00 $423,654.83
164 $423,654.83 $1,589.67 $0.00 $2,395.41 $427,639.91
165 $427,639.91 $1,589.67 $0.00 $2,417.94 $431,647.52
166 $431,647.52 $1,589.67 $0.00 $2,440.60 $435,677.79
167 $435,677.79 $1,589.67 $0.00 $2,463.39 $439,730.85
168 $439,730.85 $1,589.67 $0.00 $2,486.30 $443,806.82
169 $443,806.82 $1,589.67 $0.00 $2,509.35 $447,905.84
170 $447,905.84 $1,589.67 $0.00 $2,532.52 $452,028.03
171 $452,028.03 $1,589.67 $0.00 $2,555.83 $456,173.53
172 $456,173.53 $1,589.67 $0.00 $2,579.27 $460,342.47
173 $460,342.47 $1,589.67 $0.00 $2,602.84 $464,534.98
174 $464,534.98 $1,589.67 $0.00 $2,626.55 $468,751.20
175 $468,751.20 $1,589.67 $0.00 $2,650.39 $472,991.26
176 $472,991.26 $1,589.67 $0.00 $2,674.36 $477,255.29
177 $477,255.29 $1,589.67 $0.00 $2,698.47 $481,543.43
178 $481,543.43 $1,589.67 $0.00 $2,722.72 $485,855.82
179 $485,855.82 $1,589.67 $0.00 $2,747.10 $490,192.59
180 $490,192.59 $1,589.67 $0.00 $2,771.62 $494,553.88
181 $494,553.88 $1,589.67 $0.00 $2,796.28 $498,939.83
182 $498,939.83 $1,589.67 $0.00 $2,821.08 $503,350.58
183 $503,350.58 $1,589.67 $0.00 $2,846.02 $507,786.27
184 $507,786.27 $1,589.67 $0.00 $2,871.10 $512,247.04
185 $512,247.04 $1,589.67 $0.00 $2,896.32 $516,733.03
186 $516,733.03 $1,589.67 $0.00 $2,921.68 $521,244.38
187 $521,244.38 $1,589.67 $0.00 $2,947.19 $525,781.24
188 $525,781.24 $1,589.67 $0.00 $2,972.84 $530,343.75
189 $530,343.75 $1,589.67 $0.00 $2,998.64 $534,932.06
190 $534,932.06 $1,589.67 $0.00 $3,024.58 $539,546.31
191 $539,546.31 $1,589.67 $0.00 $3,050.67 $544,186.65
192 $544,186.65 $1,589.67 $0.00 $3,076.91 $548,853.23
193 $548,853.23 $1,589.67 $0.00 $3,103.30 $553,546.20
194 $553,546.20 $1,589.67 $0.00 $3,129.83 $558,265.70
195 $558,265.70 $1,589.67 $0.00 $3,156.52 $563,011.89
196 $563,011.89 $1,589.67 $0.00 $3,183.35 $567,784.91
197 $567,784.91 $1,589.67 $0.00 $3,210.34 $572,584.92
198 $572,584.92 $1,589.67 $0.00 $3,237.48 $577,412.07
199 $577,412.07 $1,589.67 $0.00 $3,264.77 $582,266.51
200 $582,266.51 $1,589.67 $0.00 $3,292.22 $587,148.40
201 $587,148.40 $1,589.67 $0.00 $3,319.82 $592,057.89
202 $592,057.89 $1,589.67 $0.00 $3,347.58 $596,995.14
203 $596,995.14 $1,589.67 $0.00 $3,375.50 $601,960.31
204 $601,960.31 $1,589.67 $0.00 $3,403.57 $606,953.55
205 $606,953.55 $1,589.67 $0.00 $3,431.80 $611,975.02
206 $611,975.02 $1,589.67 $0.00 $3,460.20 $617,024.89
207 $617,024.89 $1,589.67 $0.00 $3,488.75 $622,103.31
208 $622,103.31 $1,589.67 $0.00 $3,517.46 $627,210.44
209 $627,210.44 $1,589.67 $0.00 $3,546.34 $632,346.45
210 $632,346.45 $1,589.67 $0.00 $3,575.38 $637,511.50
211 $637,511.50 $1,589.67 $0.00 $3,604.58 $642,705.75
212 $642,705.75 $1,589.67 $0.00 $3,633.95 $647,929.37
213 $647,929.37 $1,589.67 $0.00 $3,663.49 $653,182.53
214 $653,182.53 $1,589.67 $0.00 $3,693.19 $658,465.39
215 $658,465.39 $1,589.67 $0.00 $3,723.06 $663,778.12
216 $663,778.12 $1,589.67 $0.00 $3,753.10 $669,120.89
217 $669,120.89 $1,589.67 $181,211.69 $3,783.31 $493,282.18
218 $493,282.18 $1,589.67 $0.00 $2,789.09 $497,660.94
219 $497,660.94 $1,589.67 $0.00 $2,813.85 $502,064.46
220 $502,064.46 $1,589.67 $0.00 $2,838.75 $506,492.88
221 $506,492.88 $1,589.67 $0.00 $2,863.78 $510,946.33
222 $510,946.33 $1,589.67 $0.00 $2,888.96 $515,424.96
223 $515,424.96 $1,589.67 $0.00 $2,914.29 $519,928.92
224 $519,928.92 $1,589.67 $0.00 $2,939.75 $524,458.34
225 $524,458.34 $1,589.67 $0.00 $2,965.36 $529,013.37
226 $529,013.37 $1,589.67 $0.00 $2,991.12 $533,594.16
227 $533,594.16 $1,589.67 $0.00 $3,017.02 $538,200.85
228 $538,200.85 $1,589.67 $0.00 $3,043.07 $542,833.59
229 $542,833.59 $1,589.67 $193,896.51 $3,069.26 $353,596.01
230 $353,596.01 $1,589.67 $0.00 $1,999.28 $357,184.96
231 $357,184.96 $1,589.67 $0.00 $2,019.58 $360,794.21
232 $360,794.21 $1,589.67 $0.00 $2,039.98 $364,423.86
233 $364,423.86 $1,589.67 $0.00 $2,060.51 $368,074.04
234 $368,074.04 $1,589.67 $0.00 $2,081.14 $371,744.85
235 $371,744.85 $1,589.67 $0.00 $2,101.90 $375,436.42
236 $375,436.42 $1,589.67 $0.00 $2,122.77 $379,148.86
237 $379,148.86 $1,589.67 $0.00 $2,143.76 $382,882.29
238 $382,882.29 $1,589.67 $0.00 $2,164.87 $386,636.83
239 $386,636.83 $1,589.67 $0.00 $2,186.10 $390,412.60
240 $390,412.60 $1,589.67 $0.00 $2,207.45 $394,209.72
241 $394,209.72 $1,589.67 $207,469.26 $2,228.92 $190,559.05
242 $190,559.05 $1,589.67 $0.00 $1,077.45 $193,226.17
243 $193,226.17 $1,589.67 $0.00 $1,092.53 $195,908.37
244 $195,908.37 $1,589.67 $0.00 $1,107.69 $198,605.73
245 $198,605.73 $1,589.67 $0.00 $1,122.95 $201,318.35
246 $201,318.35 $1,589.67 $0.00 $1,138.28 $204,046.30
247 $204,046.30 $1,589.67 $0.00 $1,153.71 $206,789.68
248 $206,789.68 $1,589.67 $0.00 $1,169.22 $209,548.57
249 $209,548.57 $1,589.67 $0.00 $1,184.82 $212,323.06
250 $212,323.06 $1,589.67 $0.00 $1,200.51 $215,113.24
251 $215,113.24 $1,589.67 $0.00 $1,216.28 $217,919.19
252 $217,919.19 $1,589.67 $0.00 $1,232.15 $220,741.01
253 $220,741.01 $0.00 $221,992.11 $1,248.10 -$3.00