Savings Plan and Future Cost Estimation for Houston Baptist University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$124,801
Monthly savings required$988

How much will it cost to send your child to Houston Baptist University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $499,202.80 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $987.91 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$48,126.00
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 $987.91 $0.00 $0.00 $987.91
2 $987.91 $987.91 $0.00 $5.59 $1,981.41
3 $1,981.41 $987.91 $0.00 $11.20 $2,980.52
4 $2,980.52 $987.91 $0.00 $16.85 $3,985.28
5 $3,985.28 $987.91 $0.00 $22.53 $4,995.72
6 $4,995.72 $987.91 $0.00 $28.25 $6,011.88
7 $6,011.88 $987.91 $0.00 $33.99 $7,033.78
8 $7,033.78 $987.91 $0.00 $39.77 $8,061.46
9 $8,061.46 $987.91 $0.00 $45.58 $9,094.95
10 $9,094.95 $987.91 $0.00 $51.42 $10,134.28
11 $10,134.28 $987.91 $0.00 $57.30 $11,179.49
12 $11,179.49 $987.91 $0.00 $63.21 $12,230.61
13 $12,230.61 $987.91 $0.00 $69.15 $13,287.67
14 $13,287.67 $987.91 $0.00 $75.13 $14,350.71
15 $14,350.71 $987.91 $0.00 $81.14 $15,419.76
16 $15,419.76 $987.91 $0.00 $87.19 $16,494.86
17 $16,494.86 $987.91 $0.00 $93.26 $17,576.03
18 $17,576.03 $987.91 $0.00 $99.38 $18,663.32
19 $18,663.32 $987.91 $0.00 $105.53 $19,756.76
20 $19,756.76 $987.91 $0.00 $111.71 $20,856.38
21 $20,856.38 $987.91 $0.00 $117.93 $21,962.22
22 $21,962.22 $987.91 $0.00 $124.18 $23,074.31
23 $23,074.31 $987.91 $0.00 $130.47 $24,192.69
24 $24,192.69 $987.91 $0.00 $136.79 $25,317.39
25 $25,317.39 $987.91 $0.00 $143.15 $26,448.45
26 $26,448.45 $987.91 $0.00 $149.54 $27,585.90
27 $27,585.90 $987.91 $0.00 $155.97 $28,729.78
28 $28,729.78 $987.91 $0.00 $162.44 $29,880.13
29 $29,880.13 $987.91 $0.00 $168.95 $31,036.99
30 $31,036.99 $987.91 $0.00 $175.49 $32,200.39
31 $32,200.39 $987.91 $0.00 $182.07 $33,370.37
32 $33,370.37 $987.91 $0.00 $188.68 $34,546.96
33 $34,546.96 $987.91 $0.00 $195.33 $35,730.20
34 $35,730.20 $987.91 $0.00 $202.02 $36,920.13
35 $36,920.13 $987.91 $0.00 $208.75 $38,116.79
36 $38,116.79 $987.91 $0.00 $215.52 $39,320.22
37 $39,320.22 $987.91 $0.00 $222.32 $40,530.45
38 $40,530.45 $987.91 $0.00 $229.17 $41,747.53
39 $41,747.53 $987.91 $0.00 $236.05 $42,971.49
40 $42,971.49 $987.91 $0.00 $242.97 $44,202.37
41 $44,202.37 $987.91 $0.00 $249.93 $45,440.21
42 $45,440.21 $987.91 $0.00 $256.93 $46,685.05
43 $46,685.05 $987.91 $0.00 $263.96 $47,936.92
44 $47,936.92 $987.91 $0.00 $271.04 $49,195.87
45 $49,195.87 $987.91 $0.00 $278.16 $50,461.94
46 $50,461.94 $987.91 $0.00 $285.32 $51,735.17
47 $51,735.17 $987.91 $0.00 $292.52 $53,015.60
48 $53,015.60 $987.91 $0.00 $299.76 $54,303.27
49 $54,303.27 $987.91 $0.00 $307.04 $55,598.22
50 $55,598.22 $987.91 $0.00 $314.36 $56,900.49
51 $56,900.49 $987.91 $0.00 $321.72 $58,210.12
52 $58,210.12 $987.91 $0.00 $329.13 $59,527.16
53 $59,527.16 $987.91 $0.00 $336.58 $60,851.65
54 $60,851.65 $987.91 $0.00 $344.06 $62,183.62
55 $62,183.62 $987.91 $0.00 $351.60 $63,523.13
56 $63,523.13 $987.91 $0.00 $359.17 $64,870.21
57 $64,870.21 $987.91 $0.00 $366.79 $66,224.91
58 $66,224.91 $987.91 $0.00 $374.45 $67,587.27
59 $67,587.27 $987.91 $0.00 $382.15 $68,957.33
60 $68,957.33 $987.91 $0.00 $389.89 $70,335.13
61 $70,335.13 $987.91 $0.00 $397.69 $71,720.73
62 $71,720.73 $987.91 $0.00 $405.52 $73,114.16
63 $73,114.16 $987.91 $0.00 $413.40 $74,515.47
64 $74,515.47 $987.91 $0.00 $421.32 $75,924.70
65 $75,924.70 $987.91 $0.00 $429.29 $77,341.90
66 $77,341.90 $987.91 $0.00 $437.30 $78,767.11
67 $78,767.11 $987.91 $0.00 $445.36 $80,200.38
68 $80,200.38 $987.91 $0.00 $453.46 $81,641.75
69 $81,641.75 $987.91 $0.00 $461.61 $83,091.27
70 $83,091.27 $987.91 $0.00 $469.81 $84,548.99
71 $84,548.99 $987.91 $0.00 $478.05 $86,014.95
72 $86,014.95 $987.91 $0.00 $486.34 $87,489.20
73 $87,489.20 $987.91 $0.00 $494.68 $88,971.79
74 $88,971.79 $987.91 $0.00 $503.06 $90,462.76
75 $90,462.76 $987.91 $0.00 $511.49 $91,962.16
76 $91,962.16 $987.91 $0.00 $519.97 $93,470.04
77 $93,470.04 $987.91 $0.00 $528.49 $94,986.44
78 $94,986.44 $987.91 $0.00 $537.07 $96,511.42
79 $96,511.42 $987.91 $0.00 $545.69 $98,045.02
80 $98,045.02 $987.91 $0.00 $554.36 $99,587.29
81 $99,587.29 $987.91 $0.00 $563.08 $101,138.28
82 $101,138.28 $987.91 $0.00 $571.85 $102,698.04
83 $102,698.04 $987.91 $0.00 $580.67 $104,266.62
84 $104,266.62 $987.91 $0.00 $589.54 $105,844.07
85 $105,844.07 $987.91 $0.00 $598.46 $107,430.44
86 $107,430.44 $987.91 $0.00 $607.43 $109,025.78
87 $109,025.78 $987.91 $0.00 $616.45 $110,630.14
88 $110,630.14 $987.91 $0.00 $625.52 $112,243.57
89 $112,243.57 $987.91 $0.00 $634.64 $113,866.12
90 $113,866.12 $987.91 $0.00 $643.82 $115,497.85
91 $115,497.85 $987.91 $0.00 $653.04 $117,138.80
92 $117,138.80 $987.91 $0.00 $662.32 $118,789.03
93 $118,789.03 $987.91 $0.00 $671.65 $120,448.59
94 $120,448.59 $987.91 $0.00 $681.03 $122,117.53
95 $122,117.53 $987.91 $0.00 $690.47 $123,795.91
96 $123,795.91 $987.91 $0.00 $699.96 $125,483.78
97 $125,483.78 $987.91 $0.00 $709.50 $127,181.19
98 $127,181.19 $987.91 $0.00 $719.10 $128,888.20
99 $128,888.20 $987.91 $0.00 $728.75 $130,604.86
100 $130,604.86 $987.91 $0.00 $738.46 $132,331.23
101 $132,331.23 $987.91 $0.00 $748.22 $134,067.36
102 $134,067.36 $987.91 $0.00 $758.04 $135,813.31
103 $135,813.31 $987.91 $0.00 $767.91 $137,569.13
104 $137,569.13 $987.91 $0.00 $777.84 $139,334.88
105 $139,334.88 $987.91 $0.00 $787.82 $141,110.61
106 $141,110.61 $987.91 $0.00 $797.86 $142,896.38
107 $142,896.38 $987.91 $0.00 $807.96 $144,692.25
108 $144,692.25 $987.91 $0.00 $818.11 $146,498.27
109 $146,498.27 $987.91 $0.00 $828.32 $148,314.50
110 $148,314.50 $987.91 $0.00 $838.59 $150,141.00
111 $150,141.00 $987.91 $0.00 $848.92 $151,977.83
112 $151,977.83 $987.91 $0.00 $859.30 $153,825.04
113 $153,825.04 $987.91 $0.00 $869.75 $155,682.70
114 $155,682.70 $987.91 $0.00 $880.25 $157,550.86
115 $157,550.86 $987.91 $0.00 $890.82 $159,429.59
116 $159,429.59 $987.91 $0.00 $901.44 $161,318.94
117 $161,318.94 $987.91 $0.00 $912.12 $163,218.97
118 $163,218.97 $987.91 $0.00 $922.86 $165,129.74
119 $165,129.74 $987.91 $0.00 $933.67 $167,051.32
120 $167,051.32 $987.91 $0.00 $944.53 $168,983.76
121 $168,983.76 $987.91 $0.00 $955.46 $170,927.13
122 $170,927.13 $987.91 $0.00 $966.45 $172,881.49
123 $172,881.49 $987.91 $0.00 $977.50 $174,846.90
124 $174,846.90 $987.91 $0.00 $988.61 $176,823.42
125 $176,823.42 $987.91 $0.00 $999.79 $178,811.12
126 $178,811.12 $987.91 $0.00 $1,011.02 $180,810.05
127 $180,810.05 $987.91 $0.00 $1,022.33 $182,820.29
128 $182,820.29 $987.91 $0.00 $1,033.69 $184,841.89
129 $184,841.89 $987.91 $0.00 $1,045.12 $186,874.92
130 $186,874.92 $987.91 $0.00 $1,056.62 $188,919.45
131 $188,919.45 $987.91 $0.00 $1,068.18 $190,975.54
132 $190,975.54 $987.91 $0.00 $1,079.80 $193,043.25
133 $193,043.25 $987.91 $0.00 $1,091.49 $195,122.65
134 $195,122.65 $987.91 $0.00 $1,103.25 $197,213.81
135 $197,213.81 $987.91 $0.00 $1,115.08 $199,316.80
136 $199,316.80 $987.91 $0.00 $1,126.97 $201,431.68
137 $201,431.68 $987.91 $0.00 $1,138.92 $203,558.51
138 $203,558.51 $987.91 $0.00 $1,150.95 $205,697.37
139 $205,697.37 $987.91 $0.00 $1,163.04 $207,848.32
140 $207,848.32 $987.91 $0.00 $1,175.20 $210,011.43
141 $210,011.43 $987.91 $0.00 $1,187.44 $212,186.78
142 $212,186.78 $987.91 $0.00 $1,199.73 $214,374.42
143 $214,374.42 $987.91 $0.00 $1,212.10 $216,574.43
144 $216,574.43 $987.91 $0.00 $1,224.54 $218,786.88
145 $218,786.88 $987.91 $0.00 $1,237.05 $221,011.84
146 $221,011.84 $987.91 $0.00 $1,249.63 $223,249.38
147 $223,249.38 $987.91 $0.00 $1,262.28 $225,499.57
148 $225,499.57 $987.91 $0.00 $1,275.01 $227,762.49
149 $227,762.49 $987.91 $0.00 $1,287.80 $230,038.20
150 $230,038.20 $987.91 $0.00 $1,300.67 $232,326.78
151 $232,326.78 $987.91 $0.00 $1,313.61 $234,628.30
152 $234,628.30 $987.91 $0.00 $1,326.62 $236,942.83
153 $236,942.83 $987.91 $0.00 $1,339.71 $239,270.45
154 $239,270.45 $987.91 $0.00 $1,352.87 $241,611.23
155 $241,611.23 $987.91 $0.00 $1,366.11 $243,965.25
156 $243,965.25 $987.91 $0.00 $1,379.41 $246,332.57
157 $246,332.57 $987.91 $0.00 $1,392.80 $248,713.28
158 $248,713.28 $987.91 $0.00 $1,406.26 $251,107.45
159 $251,107.45 $987.91 $0.00 $1,419.80 $253,515.16
160 $253,515.16 $987.91 $0.00 $1,433.41 $255,936.48
161 $255,936.48 $987.91 $0.00 $1,447.10 $258,371.49
162 $258,371.49 $987.91 $0.00 $1,460.87 $260,820.27
163 $260,820.27 $987.91 $0.00 $1,474.72 $263,282.90
164 $263,282.90 $987.91 $0.00 $1,488.64 $265,759.45
165 $265,759.45 $987.91 $0.00 $1,502.64 $268,250.00
166 $268,250.00 $987.91 $0.00 $1,516.72 $270,754.63
167 $270,754.63 $987.91 $0.00 $1,530.89 $273,273.43
168 $273,273.43 $987.91 $0.00 $1,545.13 $275,806.47
169 $275,806.47 $987.91 $0.00 $1,559.45 $278,353.83
170 $278,353.83 $987.91 $0.00 $1,573.85 $280,915.59
171 $280,915.59 $987.91 $0.00 $1,588.34 $283,491.84
172 $283,491.84 $987.91 $0.00 $1,602.90 $286,082.65
173 $286,082.65 $987.91 $0.00 $1,617.55 $288,688.11
174 $288,688.11 $987.91 $0.00 $1,632.28 $291,308.30
175 $291,308.30 $987.91 $0.00 $1,647.10 $293,943.31
176 $293,943.31 $987.91 $0.00 $1,662.00 $296,593.22
177 $296,593.22 $987.91 $0.00 $1,676.98 $299,258.11
178 $299,258.11 $987.91 $0.00 $1,692.05 $301,938.07
179 $301,938.07 $987.91 $0.00 $1,707.20 $304,633.18
180 $304,633.18 $987.91 $0.00 $1,722.44 $307,343.53
181 $307,343.53 $987.91 $0.00 $1,737.77 $310,069.21
182 $310,069.21 $987.91 $0.00 $1,753.18 $312,810.30
183 $312,810.30 $987.91 $0.00 $1,768.67 $315,566.88
184 $315,566.88 $987.91 $0.00 $1,784.26 $318,339.05
185 $318,339.05 $987.91 $0.00 $1,799.94 $321,126.90
186 $321,126.90 $987.91 $0.00 $1,815.70 $323,930.51
187 $323,930.51 $987.91 $0.00 $1,831.55 $326,749.97
188 $326,749.97 $987.91 $0.00 $1,847.49 $329,585.37
189 $329,585.37 $987.91 $0.00 $1,863.52 $332,436.80
190 $332,436.80 $987.91 $0.00 $1,879.65 $335,304.36
191 $335,304.36 $987.91 $0.00 $1,895.86 $338,188.13
192 $338,188.13 $987.91 $0.00 $1,912.16 $341,088.20
193 $341,088.20 $987.91 $0.00 $1,928.56 $344,004.67
194 $344,004.67 $987.91 $0.00 $1,945.05 $346,937.63
195 $346,937.63 $987.91 $0.00 $1,961.64 $349,887.18
196 $349,887.18 $987.91 $0.00 $1,978.31 $352,853.40
197 $352,853.40 $987.91 $0.00 $1,995.08 $355,836.39
198 $355,836.39 $987.91 $0.00 $2,011.95 $358,836.25
199 $358,836.25 $987.91 $0.00 $2,028.91 $361,853.07
200 $361,853.07 $987.91 $0.00 $2,045.97 $364,886.95
201 $364,886.95 $987.91 $0.00 $2,063.12 $367,937.98
202 $367,937.98 $987.91 $0.00 $2,080.37 $371,006.26
203 $371,006.26 $987.91 $0.00 $2,097.72 $374,091.89
204 $374,091.89 $987.91 $0.00 $2,115.17 $377,194.97
205 $377,194.97 $987.91 $0.00 $2,132.72 $380,315.60
206 $380,315.60 $987.91 $0.00 $2,150.36 $383,453.87
207 $383,453.87 $987.91 $0.00 $2,168.10 $386,609.88
208 $386,609.88 $987.91 $0.00 $2,185.95 $389,783.74
209 $389,783.74 $987.91 $0.00 $2,203.89 $392,975.54
210 $392,975.54 $987.91 $0.00 $2,221.94 $396,185.39
211 $396,185.39 $987.91 $0.00 $2,240.09 $399,413.39
212 $399,413.39 $987.91 $0.00 $2,258.34 $402,659.64
213 $402,659.64 $987.91 $0.00 $2,276.70 $405,924.25
214 $405,924.25 $987.91 $0.00 $2,295.15 $409,207.31
215 $409,207.31 $987.91 $0.00 $2,313.72 $412,508.94
216 $412,508.94 $987.91 $0.00 $2,332.39 $415,829.24
217 $415,829.24 $987.91 $115,820.96 $2,351.16 $303,347.35
218 $303,347.35 $987.91 $0.00 $1,715.17 $306,050.43
219 $306,050.43 $987.91 $0.00 $1,730.45 $308,768.79
220 $308,768.79 $987.91 $0.00 $1,745.82 $311,502.52
221 $311,502.52 $987.91 $0.00 $1,761.28 $314,251.71
222 $314,251.71 $987.91 $0.00 $1,776.82 $317,016.44
223 $317,016.44 $987.91 $0.00 $1,792.46 $319,796.81
224 $319,796.81 $987.91 $0.00 $1,808.18 $322,592.90
225 $322,592.90 $987.91 $0.00 $1,823.99 $325,404.80
226 $325,404.80 $987.91 $0.00 $1,839.89 $328,232.60
227 $328,232.60 $987.91 $0.00 $1,855.87 $331,076.38
228 $331,076.38 $987.91 $0.00 $1,871.95 $333,936.24
229 $333,936.24 $987.91 $121,612.01 $1,888.12 $215,200.26
230 $215,200.26 $987.91 $0.00 $1,216.77 $217,404.94
231 $217,404.94 $987.91 $0.00 $1,229.24 $219,622.09
232 $219,622.09 $987.91 $0.00 $1,241.78 $221,851.78
233 $221,851.78 $987.91 $0.00 $1,254.38 $224,094.07
234 $224,094.07 $987.91 $0.00 $1,267.06 $226,349.04
235 $226,349.04 $987.91 $0.00 $1,279.81 $228,616.76
236 $228,616.76 $987.91 $0.00 $1,292.63 $230,897.30
237 $230,897.30 $987.91 $0.00 $1,305.53 $233,190.74
238 $233,190.74 $987.91 $0.00 $1,318.49 $235,497.14
239 $235,497.14 $987.91 $0.00 $1,331.54 $237,816.59
240 $237,816.59 $987.91 $0.00 $1,344.65 $240,149.15
241 $240,149.15 $987.91 $127,692.61 $1,357.84 $114,802.29
242 $114,802.29 $987.91 $0.00 $649.11 $116,439.31
243 $116,439.31 $987.91 $0.00 $658.36 $118,085.58
244 $118,085.58 $987.91 $0.00 $667.67 $119,741.16
245 $119,741.16 $987.91 $0.00 $677.03 $121,406.10
246 $121,406.10 $987.91 $0.00 $686.45 $123,080.46
247 $123,080.46 $987.91 $0.00 $695.91 $124,764.28
248 $124,764.28 $987.91 $0.00 $705.44 $126,457.63
249 $126,457.63 $987.91 $0.00 $715.01 $128,160.55
250 $128,160.55 $987.91 $0.00 $724.64 $129,873.10
251 $129,873.10 $987.91 $0.00 $734.32 $131,595.33
252 $131,595.33 $987.91 $0.00 $744.06 $133,327.30
253 $133,327.30 $0.00 $134,077.24 $753.85 $3.91