Savings Plan and Future Cost Estimation for Hardin Simmons University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$172,273
Monthly savings required$1,362

How much will it cost to send your child to Hardin Simmons University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $689,092.96 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,361.51 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$45,919.00
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 $1,361.51 $0.00 $0.00 $1,361.51
2 $1,361.51 $1,361.51 $0.00 $7.70 $2,730.72
3 $2,730.72 $1,361.51 $0.00 $15.44 $4,107.67
4 $4,107.67 $1,361.51 $0.00 $23.23 $5,492.41
5 $5,492.41 $1,361.51 $0.00 $31.05 $6,884.97
6 $6,884.97 $1,361.51 $0.00 $38.93 $8,285.41
7 $8,285.41 $1,361.51 $0.00 $46.85 $9,693.77
8 $9,693.77 $1,361.51 $0.00 $54.81 $11,110.09
9 $11,110.09 $1,361.51 $0.00 $62.82 $12,534.42
10 $12,534.42 $1,361.51 $0.00 $70.87 $13,966.80
11 $13,966.80 $1,361.51 $0.00 $78.97 $15,407.28
12 $15,407.28 $1,361.51 $0.00 $87.12 $16,855.91
13 $16,855.91 $1,361.51 $0.00 $95.31 $18,312.73
14 $18,312.73 $1,361.51 $0.00 $103.54 $19,777.78
15 $19,777.78 $1,361.51 $0.00 $111.83 $21,251.12
16 $21,251.12 $1,361.51 $0.00 $120.16 $22,732.79
17 $22,732.79 $1,361.51 $0.00 $128.53 $24,222.83
18 $24,222.83 $1,361.51 $0.00 $136.96 $25,721.30
19 $25,721.30 $1,361.51 $0.00 $145.43 $27,228.24
20 $27,228.24 $1,361.51 $0.00 $153.95 $28,743.70
21 $28,743.70 $1,361.51 $0.00 $162.52 $30,267.73
22 $30,267.73 $1,361.51 $0.00 $171.14 $31,800.38
23 $31,800.38 $1,361.51 $0.00 $179.80 $33,341.69
24 $33,341.69 $1,361.51 $0.00 $188.52 $34,891.72
25 $34,891.72 $1,361.51 $0.00 $197.28 $36,450.51
26 $36,450.51 $1,361.51 $0.00 $206.10 $38,018.12
27 $38,018.12 $1,361.51 $0.00 $214.96 $39,594.59
28 $39,594.59 $1,361.51 $0.00 $223.87 $41,179.97
29 $41,179.97 $1,361.51 $0.00 $232.84 $42,774.32
30 $42,774.32 $1,361.51 $0.00 $241.85 $44,377.68
31 $44,377.68 $1,361.51 $0.00 $250.92 $45,990.11
32 $45,990.11 $1,361.51 $0.00 $260.03 $47,611.65
33 $47,611.65 $1,361.51 $0.00 $269.20 $49,242.36
34 $49,242.36 $1,361.51 $0.00 $278.42 $50,882.29
35 $50,882.29 $1,361.51 $0.00 $287.70 $52,531.50
36 $52,531.50 $1,361.51 $0.00 $297.02 $54,190.03
37 $54,190.03 $1,361.51 $0.00 $306.40 $55,857.94
38 $55,857.94 $1,361.51 $0.00 $315.83 $57,535.28
39 $57,535.28 $1,361.51 $0.00 $325.31 $59,222.10
40 $59,222.10 $1,361.51 $0.00 $334.85 $60,918.46
41 $60,918.46 $1,361.51 $0.00 $344.44 $62,624.41
42 $62,624.41 $1,361.51 $0.00 $354.09 $64,340.01
43 $64,340.01 $1,361.51 $0.00 $363.79 $66,065.31
44 $66,065.31 $1,361.51 $0.00 $373.54 $67,800.36
45 $67,800.36 $1,361.51 $0.00 $383.35 $69,545.22
46 $69,545.22 $1,361.51 $0.00 $393.22 $71,299.95
47 $71,299.95 $1,361.51 $0.00 $403.14 $73,064.60
48 $73,064.60 $1,361.51 $0.00 $413.12 $74,839.23
49 $74,839.23 $1,361.51 $0.00 $423.15 $76,623.89
50 $76,623.89 $1,361.51 $0.00 $433.24 $78,418.64
51 $78,418.64 $1,361.51 $0.00 $443.39 $80,223.54
52 $80,223.54 $1,361.51 $0.00 $453.60 $82,038.65
53 $82,038.65 $1,361.51 $0.00 $463.86 $83,864.02
54 $83,864.02 $1,361.51 $0.00 $474.18 $85,699.71
55 $85,699.71 $1,361.51 $0.00 $484.56 $87,545.78
56 $87,545.78 $1,361.51 $0.00 $495.00 $89,402.29
57 $89,402.29 $1,361.51 $0.00 $505.49 $91,269.29
58 $91,269.29 $1,361.51 $0.00 $516.05 $93,146.85
59 $93,146.85 $1,361.51 $0.00 $526.67 $95,035.03
60 $95,035.03 $1,361.51 $0.00 $537.34 $96,933.88
61 $96,933.88 $1,361.51 $0.00 $548.08 $98,843.47
62 $98,843.47 $1,361.51 $0.00 $558.88 $100,763.86
63 $100,763.86 $1,361.51 $0.00 $569.73 $102,695.10
64 $102,695.10 $1,361.51 $0.00 $580.65 $104,637.26
65 $104,637.26 $1,361.51 $0.00 $591.63 $106,590.40
66 $106,590.40 $1,361.51 $0.00 $602.68 $108,554.59
67 $108,554.59 $1,361.51 $0.00 $613.78 $110,529.88
68 $110,529.88 $1,361.51 $0.00 $624.95 $112,516.34
69 $112,516.34 $1,361.51 $0.00 $636.18 $114,514.03
70 $114,514.03 $1,361.51 $0.00 $647.48 $116,523.02
71 $116,523.02 $1,361.51 $0.00 $658.84 $118,543.37
72 $118,543.37 $1,361.51 $0.00 $670.26 $120,575.14
73 $120,575.14 $1,361.51 $0.00 $681.75 $122,618.40
74 $122,618.40 $1,361.51 $0.00 $693.30 $124,673.21
75 $124,673.21 $1,361.51 $0.00 $704.92 $126,739.64
76 $126,739.64 $1,361.51 $0.00 $716.60 $128,817.75
77 $128,817.75 $1,361.51 $0.00 $728.35 $130,907.61
78 $130,907.61 $1,361.51 $0.00 $740.17 $133,009.29
79 $133,009.29 $1,361.51 $0.00 $752.05 $135,122.85
80 $135,122.85 $1,361.51 $0.00 $764.00 $137,248.36
81 $137,248.36 $1,361.51 $0.00 $776.02 $139,385.89
82 $139,385.89 $1,361.51 $0.00 $788.11 $141,535.51
83 $141,535.51 $1,361.51 $0.00 $800.26 $143,697.28
84 $143,697.28 $1,361.51 $0.00 $812.49 $145,871.28
85 $145,871.28 $1,361.51 $0.00 $824.78 $148,057.57
86 $148,057.57 $1,361.51 $0.00 $837.14 $150,256.22
87 $150,256.22 $1,361.51 $0.00 $849.57 $152,467.30
88 $152,467.30 $1,361.51 $0.00 $862.07 $154,690.88
89 $154,690.88 $1,361.51 $0.00 $874.64 $156,927.03
90 $156,927.03 $1,361.51 $0.00 $887.29 $159,175.83
91 $159,175.83 $1,361.51 $0.00 $900.00 $161,437.34
92 $161,437.34 $1,361.51 $0.00 $912.79 $163,711.64
93 $163,711.64 $1,361.51 $0.00 $925.65 $165,998.80
94 $165,998.80 $1,361.51 $0.00 $938.58 $168,298.89
95 $168,298.89 $1,361.51 $0.00 $951.59 $170,611.99
96 $170,611.99 $1,361.51 $0.00 $964.66 $172,938.16
97 $172,938.16 $1,361.51 $0.00 $977.82 $175,277.49
98 $175,277.49 $1,361.51 $0.00 $991.04 $177,630.04
99 $177,630.04 $1,361.51 $0.00 $1,004.35 $179,995.90
100 $179,995.90 $1,361.51 $0.00 $1,017.72 $182,375.13
101 $182,375.13 $1,361.51 $0.00 $1,031.18 $184,767.82
102 $184,767.82 $1,361.51 $0.00 $1,044.70 $187,174.03
103 $187,174.03 $1,361.51 $0.00 $1,058.31 $189,593.85
104 $189,593.85 $1,361.51 $0.00 $1,071.99 $192,027.35
105 $192,027.35 $1,361.51 $0.00 $1,085.75 $194,474.61
106 $194,474.61 $1,361.51 $0.00 $1,099.59 $196,935.71
107 $196,935.71 $1,361.51 $0.00 $1,113.50 $199,410.72
108 $199,410.72 $1,361.51 $0.00 $1,127.50 $201,899.73
109 $201,899.73 $1,361.51 $0.00 $1,141.57 $204,402.81
110 $204,402.81 $1,361.51 $0.00 $1,155.72 $206,920.04
111 $206,920.04 $1,361.51 $0.00 $1,169.96 $209,451.51
112 $209,451.51 $1,361.51 $0.00 $1,184.27 $211,997.29
113 $211,997.29 $1,361.51 $0.00 $1,198.66 $214,557.46
114 $214,557.46 $1,361.51 $0.00 $1,213.14 $217,132.11
115 $217,132.11 $1,361.51 $0.00 $1,227.70 $219,721.32
116 $219,721.32 $1,361.51 $0.00 $1,242.34 $222,325.17
117 $222,325.17 $1,361.51 $0.00 $1,257.06 $224,943.74
118 $224,943.74 $1,361.51 $0.00 $1,271.86 $227,577.11
119 $227,577.11 $1,361.51 $0.00 $1,286.75 $230,225.37
120 $230,225.37 $1,361.51 $0.00 $1,301.73 $232,888.61
121 $232,888.61 $1,361.51 $0.00 $1,316.79 $235,566.91
122 $235,566.91 $1,361.51 $0.00 $1,331.93 $238,260.35
123 $238,260.35 $1,361.51 $0.00 $1,347.16 $240,969.02
124 $240,969.02 $1,361.51 $0.00 $1,362.47 $243,693.00
125 $243,693.00 $1,361.51 $0.00 $1,377.88 $246,432.39
126 $246,432.39 $1,361.51 $0.00 $1,393.36 $249,187.26
127 $249,187.26 $1,361.51 $0.00 $1,408.94 $251,957.71
128 $251,957.71 $1,361.51 $0.00 $1,424.61 $254,743.83
129 $254,743.83 $1,361.51 $0.00 $1,440.36 $257,545.70
130 $257,545.70 $1,361.51 $0.00 $1,456.20 $260,363.41
131 $260,363.41 $1,361.51 $0.00 $1,472.13 $263,197.05
132 $263,197.05 $1,361.51 $0.00 $1,488.15 $266,046.71
133 $266,046.71 $1,361.51 $0.00 $1,504.27 $268,912.49
134 $268,912.49 $1,361.51 $0.00 $1,520.47 $271,794.47
135 $271,794.47 $1,361.51 $0.00 $1,536.77 $274,692.75
136 $274,692.75 $1,361.51 $0.00 $1,553.15 $277,607.41
137 $277,607.41 $1,361.51 $0.00 $1,569.63 $280,538.55
138 $280,538.55 $1,361.51 $0.00 $1,586.21 $283,486.27
139 $283,486.27 $1,361.51 $0.00 $1,602.87 $286,450.65
140 $286,450.65 $1,361.51 $0.00 $1,619.63 $289,431.79
141 $289,431.79 $1,361.51 $0.00 $1,636.49 $292,429.79
142 $292,429.79 $1,361.51 $0.00 $1,653.44 $295,444.74
143 $295,444.74 $1,361.51 $0.00 $1,670.49 $298,476.74
144 $298,476.74 $1,361.51 $0.00 $1,687.63 $301,525.88
145 $301,525.88 $1,361.51 $0.00 $1,704.87 $304,592.26
146 $304,592.26 $1,361.51 $0.00 $1,722.21 $307,675.98
147 $307,675.98 $1,361.51 $0.00 $1,739.64 $310,777.13
148 $310,777.13 $1,361.51 $0.00 $1,757.18 $313,895.82
149 $313,895.82 $1,361.51 $0.00 $1,774.81 $317,032.14
150 $317,032.14 $1,361.51 $0.00 $1,792.55 $320,186.20
151 $320,186.20 $1,361.51 $0.00 $1,810.38 $323,358.09
152 $323,358.09 $1,361.51 $0.00 $1,828.31 $326,547.91
153 $326,547.91 $1,361.51 $0.00 $1,846.35 $329,755.77
154 $329,755.77 $1,361.51 $0.00 $1,864.49 $332,981.77
155 $332,981.77 $1,361.51 $0.00 $1,882.73 $336,226.01
156 $336,226.01 $1,361.51 $0.00 $1,901.07 $339,488.59
157 $339,488.59 $1,361.51 $0.00 $1,919.52 $342,769.62
158 $342,769.62 $1,361.51 $0.00 $1,938.07 $346,069.20
159 $346,069.20 $1,361.51 $0.00 $1,956.73 $349,387.44
160 $349,387.44 $1,361.51 $0.00 $1,975.49 $352,724.44
161 $352,724.44 $1,361.51 $0.00 $1,994.36 $356,080.31
162 $356,080.31 $1,361.51 $0.00 $2,013.33 $359,455.15
163 $359,455.15 $1,361.51 $0.00 $2,032.41 $362,849.07
164 $362,849.07 $1,361.51 $0.00 $2,051.60 $366,262.18
165 $366,262.18 $1,361.51 $0.00 $2,070.90 $369,694.59
166 $369,694.59 $1,361.51 $0.00 $2,090.31 $373,146.41
167 $373,146.41 $1,361.51 $0.00 $2,109.82 $376,617.74
168 $376,617.74 $1,361.51 $0.00 $2,129.45 $380,108.70
169 $380,108.70 $1,361.51 $0.00 $2,149.19 $383,619.40
170 $383,619.40 $1,361.51 $0.00 $2,169.04 $387,149.95
171 $387,149.95 $1,361.51 $0.00 $2,189.00 $390,700.46
172 $390,700.46 $1,361.51 $0.00 $2,209.08 $394,271.05
173 $394,271.05 $1,361.51 $0.00 $2,229.27 $397,861.83
174 $397,861.83 $1,361.51 $0.00 $2,249.57 $401,472.91
175 $401,472.91 $1,361.51 $0.00 $2,269.99 $405,104.41
176 $405,104.41 $1,361.51 $0.00 $2,290.52 $408,756.44
177 $408,756.44 $1,361.51 $0.00 $2,311.17 $412,429.12
178 $412,429.12 $1,361.51 $0.00 $2,331.93 $416,122.56
179 $416,122.56 $1,361.51 $0.00 $2,352.82 $419,836.89
180 $419,836.89 $1,361.51 $0.00 $2,373.82 $423,572.22
181 $423,572.22 $1,361.51 $0.00 $2,394.94 $427,328.67
182 $427,328.67 $1,361.51 $0.00 $2,416.18 $431,106.36
183 $431,106.36 $1,361.51 $0.00 $2,437.54 $434,905.41
184 $434,905.41 $1,361.51 $0.00 $2,459.02 $438,725.94
185 $438,725.94 $1,361.51 $0.00 $2,480.62 $442,568.07
186 $442,568.07 $1,361.51 $0.00 $2,502.34 $446,431.92
187 $446,431.92 $1,361.51 $0.00 $2,524.19 $450,317.62
188 $450,317.62 $1,361.51 $0.00 $2,546.16 $454,225.29
189 $454,225.29 $1,361.51 $0.00 $2,568.26 $458,155.06
190 $458,155.06 $1,361.51 $0.00 $2,590.48 $462,107.05
191 $462,107.05 $1,361.51 $0.00 $2,612.82 $466,081.38
192 $466,081.38 $1,361.51 $0.00 $2,635.29 $470,078.18
193 $470,078.18 $1,361.51 $0.00 $2,657.89 $474,097.58
194 $474,097.58 $1,361.51 $0.00 $2,680.62 $478,139.71
195 $478,139.71 $1,361.51 $0.00 $2,703.47 $482,204.69
196 $482,204.69 $1,361.51 $0.00 $2,726.46 $486,292.66
197 $486,292.66 $1,361.51 $0.00 $2,749.57 $490,403.74
198 $490,403.74 $1,361.51 $0.00 $2,772.81 $494,538.06
199 $494,538.06 $1,361.51 $0.00 $2,796.19 $498,695.76
200 $498,695.76 $1,361.51 $0.00 $2,819.70 $502,876.97
201 $502,876.97 $1,361.51 $0.00 $2,843.34 $507,081.82
202 $507,081.82 $1,361.51 $0.00 $2,867.11 $511,310.44
203 $511,310.44 $1,361.51 $0.00 $2,891.02 $515,562.97
204 $515,562.97 $1,361.51 $0.00 $2,915.07 $519,839.55
205 $519,839.55 $1,361.51 $0.00 $2,939.25 $524,140.31
206 $524,140.31 $1,361.51 $0.00 $2,963.57 $528,465.39
207 $528,465.39 $1,361.51 $0.00 $2,988.02 $532,814.92
208 $532,814.92 $1,361.51 $0.00 $3,012.61 $537,189.04
209 $537,189.04 $1,361.51 $0.00 $3,037.34 $541,587.89
210 $541,587.89 $1,361.51 $0.00 $3,062.22 $546,011.62
211 $546,011.62 $1,361.51 $0.00 $3,087.23 $550,460.36
212 $550,460.36 $1,361.51 $0.00 $3,112.38 $554,934.25
213 $554,934.25 $1,361.51 $0.00 $3,137.68 $559,433.44
214 $559,433.44 $1,361.51 $0.00 $3,163.12 $563,958.07
215 $563,958.07 $1,361.51 $0.00 $3,188.70 $568,508.28
216 $568,508.28 $1,361.51 $0.00 $3,214.43 $573,084.22
217 $573,084.22 $1,361.51 $155,203.11 $3,240.30 $422,482.92
218 $422,482.92 $1,361.51 $0.00 $2,388.78 $426,233.21
219 $426,233.21 $1,361.51 $0.00 $2,409.98 $430,004.70
220 $430,004.70 $1,361.51 $0.00 $2,431.31 $433,797.52
221 $433,797.52 $1,361.51 $0.00 $2,452.75 $437,611.78
222 $437,611.78 $1,361.51 $0.00 $2,474.32 $441,447.61
223 $441,447.61 $1,361.51 $0.00 $2,496.01 $445,305.13
224 $445,305.13 $1,361.51 $0.00 $2,517.82 $449,184.46
225 $449,184.46 $1,361.51 $0.00 $2,539.75 $453,085.72
226 $453,085.72 $1,361.51 $0.00 $2,561.81 $457,009.04
227 $457,009.04 $1,361.51 $0.00 $2,584.00 $460,954.55
228 $460,954.55 $1,361.51 $0.00 $2,606.30 $464,922.36
229 $464,922.36 $1,361.51 $166,067.33 $2,628.74 $302,845.28
230 $302,845.28 $1,361.51 $0.00 $1,712.33 $305,919.12
231 $305,919.12 $1,361.51 $0.00 $1,729.71 $309,010.34
232 $309,010.34 $1,361.51 $0.00 $1,747.19 $312,119.04
233 $312,119.04 $1,361.51 $0.00 $1,764.77 $315,245.32
234 $315,245.32 $1,361.51 $0.00 $1,782.44 $318,389.27
235 $318,389.27 $1,361.51 $0.00 $1,800.22 $321,551.00
236 $321,551.00 $1,361.51 $0.00 $1,818.10 $324,730.61
237 $324,730.61 $1,361.51 $0.00 $1,836.07 $327,928.19
238 $327,928.19 $1,361.51 $0.00 $1,854.15 $331,143.85
239 $331,143.85 $1,361.51 $0.00 $1,872.34 $334,377.70
240 $334,377.70 $1,361.51 $0.00 $1,890.62 $337,629.83
241 $337,629.83 $1,361.51 $177,692.04 $1,909.01 $163,208.31
242 $163,208.31 $1,361.51 $0.00 $922.80 $165,492.62
243 $165,492.62 $1,361.51 $0.00 $935.72 $167,789.85
244 $167,789.85 $1,361.51 $0.00 $948.71 $170,100.07
245 $170,100.07 $1,361.51 $0.00 $961.77 $172,423.35
246 $172,423.35 $1,361.51 $0.00 $974.91 $174,759.77
247 $174,759.77 $1,361.51 $0.00 $988.12 $177,109.40
248 $177,109.40 $1,361.51 $0.00 $1,001.40 $179,472.31
249 $179,472.31 $1,361.51 $0.00 $1,014.76 $181,848.58
250 $181,848.58 $1,361.51 $0.00 $1,028.20 $184,238.29
251 $184,238.29 $1,361.51 $0.00 $1,041.71 $186,641.51
252 $186,641.51 $1,361.51 $0.00 $1,055.30 $189,058.32
253 $189,058.32 $0.00 $190,130.48 $1,068.96 -$3.20