How much will it cost and what do you need to save?
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.
Current Annual Cost | $48,126.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 5% |
Current Savings | $0.00 |
After Tax Return on Savings | 7% |
Years of enrollment | 4 |
Discover how much will you need to start saving now to afford Houston Baptist University in the future.
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 |