Savings Plan and Future Cost Estimation for Paul Quinn College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$93,972
Monthly savings required$743

How much will it cost to send your child to Paul Quinn College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $375,887.99 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $742.68 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$25,048.00
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 $742.68 $0.00 $0.00 $742.68
2 $742.68 $742.68 $0.00 $4.20 $1,489.56
3 $1,489.56 $742.68 $0.00 $8.42 $2,240.66
4 $2,240.66 $742.68 $0.00 $12.67 $2,996.01
5 $2,996.01 $742.68 $0.00 $16.94 $3,755.63
6 $3,755.63 $742.68 $0.00 $21.23 $4,519.54
7 $4,519.54 $742.68 $0.00 $25.55 $5,287.77
8 $5,287.77 $742.68 $0.00 $29.90 $6,060.35
9 $6,060.35 $742.68 $0.00 $34.27 $6,837.30
10 $6,837.30 $742.68 $0.00 $38.66 $7,618.64
11 $7,618.64 $742.68 $0.00 $43.08 $8,404.40
12 $8,404.40 $742.68 $0.00 $47.52 $9,194.60
13 $9,194.60 $742.68 $0.00 $51.99 $9,989.27
14 $9,989.27 $742.68 $0.00 $56.48 $10,788.43
15 $10,788.43 $742.68 $0.00 $61.00 $11,592.11
16 $11,592.11 $742.68 $0.00 $65.54 $12,400.33
17 $12,400.33 $742.68 $0.00 $70.11 $13,213.12
18 $13,213.12 $742.68 $0.00 $74.71 $14,030.51
19 $14,030.51 $742.68 $0.00 $79.33 $14,852.52
20 $14,852.52 $742.68 $0.00 $83.98 $15,679.18
21 $15,679.18 $742.68 $0.00 $88.65 $16,510.51
22 $16,510.51 $742.68 $0.00 $93.35 $17,346.54
23 $17,346.54 $742.68 $0.00 $98.08 $18,187.30
24 $18,187.30 $742.68 $0.00 $102.83 $19,032.81
25 $19,032.81 $742.68 $0.00 $107.61 $19,883.10
26 $19,883.10 $742.68 $0.00 $112.42 $20,738.20
27 $20,738.20 $742.68 $0.00 $117.26 $21,598.14
28 $21,598.14 $742.68 $0.00 $122.12 $22,462.94
29 $22,462.94 $742.68 $0.00 $127.01 $23,332.63
30 $23,332.63 $742.68 $0.00 $131.93 $24,207.24
31 $24,207.24 $742.68 $0.00 $136.87 $25,086.79
32 $25,086.79 $742.68 $0.00 $141.84 $25,971.31
33 $25,971.31 $742.68 $0.00 $146.85 $26,860.84
34 $26,860.84 $742.68 $0.00 $151.88 $27,755.40
35 $27,755.40 $742.68 $0.00 $156.93 $28,655.01
36 $28,655.01 $742.68 $0.00 $162.02 $29,559.71
37 $29,559.71 $742.68 $0.00 $167.13 $30,469.52
38 $30,469.52 $742.68 $0.00 $172.28 $31,384.48
39 $31,384.48 $742.68 $0.00 $177.45 $32,304.61
40 $32,304.61 $742.68 $0.00 $182.65 $33,229.94
41 $33,229.94 $742.68 $0.00 $187.89 $34,160.51
42 $34,160.51 $742.68 $0.00 $193.15 $35,096.34
43 $35,096.34 $742.68 $0.00 $198.44 $36,037.46
44 $36,037.46 $742.68 $0.00 $203.76 $36,983.90
45 $36,983.90 $742.68 $0.00 $209.11 $37,935.69
46 $37,935.69 $742.68 $0.00 $214.49 $38,892.86
47 $38,892.86 $742.68 $0.00 $219.91 $39,855.45
48 $39,855.45 $742.68 $0.00 $225.35 $40,823.48
49 $40,823.48 $742.68 $0.00 $230.82 $41,796.98
50 $41,796.98 $742.68 $0.00 $236.33 $42,775.99
51 $42,775.99 $742.68 $0.00 $241.86 $43,760.53
52 $43,760.53 $742.68 $0.00 $247.43 $44,750.64
53 $44,750.64 $742.68 $0.00 $253.03 $45,746.35
54 $45,746.35 $742.68 $0.00 $258.66 $46,747.69
55 $46,747.69 $742.68 $0.00 $264.32 $47,754.69
56 $47,754.69 $742.68 $0.00 $270.01 $48,767.38
57 $48,767.38 $742.68 $0.00 $275.74 $49,785.80
58 $49,785.80 $742.68 $0.00 $281.50 $50,809.98
59 $50,809.98 $742.68 $0.00 $287.29 $51,839.95
60 $51,839.95 $742.68 $0.00 $293.11 $52,875.74
61 $52,875.74 $742.68 $0.00 $298.97 $53,917.39
62 $53,917.39 $742.68 $0.00 $304.86 $54,964.93
63 $54,964.93 $742.68 $0.00 $310.78 $56,018.39
64 $56,018.39 $742.68 $0.00 $316.74 $57,077.81
65 $57,077.81 $742.68 $0.00 $322.73 $58,143.22
66 $58,143.22 $742.68 $0.00 $328.75 $59,214.65
67 $59,214.65 $742.68 $0.00 $334.81 $60,292.14
68 $60,292.14 $742.68 $0.00 $340.90 $61,375.72
69 $61,375.72 $742.68 $0.00 $347.03 $62,465.43
70 $62,465.43 $742.68 $0.00 $353.19 $63,561.30
71 $63,561.30 $742.68 $0.00 $359.38 $64,663.36
72 $64,663.36 $742.68 $0.00 $365.62 $65,771.66
73 $65,771.66 $742.68 $0.00 $371.88 $66,886.22
74 $66,886.22 $742.68 $0.00 $378.18 $68,007.08
75 $68,007.08 $742.68 $0.00 $384.52 $69,134.28
76 $69,134.28 $742.68 $0.00 $390.90 $70,267.86
77 $70,267.86 $742.68 $0.00 $397.30 $71,407.84
78 $71,407.84 $742.68 $0.00 $403.75 $72,554.27
79 $72,554.27 $742.68 $0.00 $410.23 $73,707.18
80 $73,707.18 $742.68 $0.00 $416.75 $74,866.61
81 $74,866.61 $742.68 $0.00 $423.31 $76,032.60
82 $76,032.60 $742.68 $0.00 $429.90 $77,205.18
83 $77,205.18 $742.68 $0.00 $436.53 $78,384.39
84 $78,384.39 $742.68 $0.00 $443.20 $79,570.27
85 $79,570.27 $742.68 $0.00 $449.90 $80,762.85
86 $80,762.85 $742.68 $0.00 $456.64 $81,962.17
87 $81,962.17 $742.68 $0.00 $463.43 $83,168.28
88 $83,168.28 $742.68 $0.00 $470.25 $84,381.21
89 $84,381.21 $742.68 $0.00 $477.10 $85,600.99
90 $85,600.99 $742.68 $0.00 $484.00 $86,827.67
91 $86,827.67 $742.68 $0.00 $490.94 $88,061.29
92 $88,061.29 $742.68 $0.00 $497.91 $89,301.88
93 $89,301.88 $742.68 $0.00 $504.93 $90,549.49
94 $90,549.49 $742.68 $0.00 $511.98 $91,804.15
95 $91,804.15 $742.68 $0.00 $519.07 $93,065.90
96 $93,065.90 $742.68 $0.00 $526.21 $94,334.79
97 $94,334.79 $742.68 $0.00 $533.38 $95,610.85
98 $95,610.85 $742.68 $0.00 $540.60 $96,894.13
99 $96,894.13 $742.68 $0.00 $547.85 $98,184.66
100 $98,184.66 $742.68 $0.00 $555.15 $99,482.49
101 $99,482.49 $742.68 $0.00 $562.49 $100,787.66
102 $100,787.66 $742.68 $0.00 $569.87 $102,100.21
103 $102,100.21 $742.68 $0.00 $577.29 $103,420.18
104 $103,420.18 $742.68 $0.00 $584.75 $104,747.61
105 $104,747.61 $742.68 $0.00 $592.26 $106,082.55
106 $106,082.55 $742.68 $0.00 $599.81 $107,425.04
107 $107,425.04 $742.68 $0.00 $607.40 $108,775.12
108 $108,775.12 $742.68 $0.00 $615.03 $110,132.83
109 $110,132.83 $742.68 $0.00 $622.71 $111,498.22
110 $111,498.22 $742.68 $0.00 $630.43 $112,871.33
111 $112,871.33 $742.68 $0.00 $638.19 $114,252.20
112 $114,252.20 $742.68 $0.00 $646.00 $115,640.88
113 $115,640.88 $742.68 $0.00 $653.85 $117,037.41
114 $117,037.41 $742.68 $0.00 $661.75 $118,441.84
115 $118,441.84 $742.68 $0.00 $669.69 $119,854.21
116 $119,854.21 $742.68 $0.00 $677.67 $121,274.56
117 $121,274.56 $742.68 $0.00 $685.70 $122,702.94
118 $122,702.94 $742.68 $0.00 $693.78 $124,139.40
119 $124,139.40 $742.68 $0.00 $701.90 $125,583.98
120 $125,583.98 $742.68 $0.00 $710.07 $127,036.73
121 $127,036.73 $742.68 $0.00 $718.28 $128,497.69
122 $128,497.69 $742.68 $0.00 $726.54 $129,966.91
123 $129,966.91 $742.68 $0.00 $734.85 $131,444.44
124 $131,444.44 $742.68 $0.00 $743.21 $132,930.33
125 $132,930.33 $742.68 $0.00 $751.61 $134,424.62
126 $134,424.62 $742.68 $0.00 $760.06 $135,927.36
127 $135,927.36 $742.68 $0.00 $768.55 $137,438.59
128 $137,438.59 $742.68 $0.00 $777.10 $138,958.37
129 $138,958.37 $742.68 $0.00 $785.69 $140,486.74
130 $140,486.74 $742.68 $0.00 $794.33 $142,023.75
131 $142,023.75 $742.68 $0.00 $803.02 $143,569.45
132 $143,569.45 $742.68 $0.00 $811.76 $145,123.89
133 $145,123.89 $742.68 $0.00 $820.55 $146,687.12
134 $146,687.12 $742.68 $0.00 $829.39 $148,259.19
135 $148,259.19 $742.68 $0.00 $838.28 $149,840.15
136 $149,840.15 $742.68 $0.00 $847.22 $151,430.05
137 $151,430.05 $742.68 $0.00 $856.21 $153,028.94
138 $153,028.94 $742.68 $0.00 $865.25 $154,636.87
139 $154,636.87 $742.68 $0.00 $874.34 $156,253.89
140 $156,253.89 $742.68 $0.00 $883.48 $157,880.05
141 $157,880.05 $742.68 $0.00 $892.68 $159,515.41
142 $159,515.41 $742.68 $0.00 $901.92 $161,160.01
143 $161,160.01 $742.68 $0.00 $911.22 $162,813.91
144 $162,813.91 $742.68 $0.00 $920.57 $164,477.16
145 $164,477.16 $742.68 $0.00 $929.98 $166,149.82
146 $166,149.82 $742.68 $0.00 $939.44 $167,831.94
147 $167,831.94 $742.68 $0.00 $948.95 $169,523.57
148 $169,523.57 $742.68 $0.00 $958.51 $171,224.76
149 $171,224.76 $742.68 $0.00 $968.13 $172,935.57
150 $172,935.57 $742.68 $0.00 $977.80 $174,656.05
151 $174,656.05 $742.68 $0.00 $987.53 $176,386.26
152 $176,386.26 $742.68 $0.00 $997.31 $178,126.25
153 $178,126.25 $742.68 $0.00 $1,007.15 $179,876.08
154 $179,876.08 $742.68 $0.00 $1,017.05 $181,635.81
155 $181,635.81 $742.68 $0.00 $1,027.00 $183,405.49
156 $183,405.49 $742.68 $0.00 $1,037.00 $185,185.17
157 $185,185.17 $742.68 $0.00 $1,047.06 $186,974.91
158 $186,974.91 $742.68 $0.00 $1,057.18 $188,774.77
159 $188,774.77 $742.68 $0.00 $1,067.36 $190,584.81
160 $190,584.81 $742.68 $0.00 $1,077.59 $192,405.08
161 $192,405.08 $742.68 $0.00 $1,087.89 $194,235.65
162 $194,235.65 $742.68 $0.00 $1,098.24 $196,076.57
163 $196,076.57 $742.68 $0.00 $1,108.65 $197,927.90
164 $197,927.90 $742.68 $0.00 $1,119.11 $199,789.69
165 $199,789.69 $742.68 $0.00 $1,129.64 $201,662.01
166 $201,662.01 $742.68 $0.00 $1,140.23 $203,544.92
167 $203,544.92 $742.68 $0.00 $1,150.87 $205,438.47
168 $205,438.47 $742.68 $0.00 $1,161.58 $207,342.73
169 $207,342.73 $742.68 $0.00 $1,172.35 $209,257.76
170 $209,257.76 $742.68 $0.00 $1,183.17 $211,183.61
171 $211,183.61 $742.68 $0.00 $1,194.06 $213,120.35
172 $213,120.35 $742.68 $0.00 $1,205.01 $215,068.04
173 $215,068.04 $742.68 $0.00 $1,216.03 $217,026.75
174 $217,026.75 $742.68 $0.00 $1,227.10 $218,996.53
175 $218,996.53 $742.68 $0.00 $1,238.24 $220,977.45
176 $220,977.45 $742.68 $0.00 $1,249.44 $222,969.57
177 $222,969.57 $742.68 $0.00 $1,260.70 $224,972.95
178 $224,972.95 $742.68 $0.00 $1,272.03 $226,987.66
179 $226,987.66 $742.68 $0.00 $1,283.42 $229,013.76
180 $229,013.76 $742.68 $0.00 $1,294.88 $231,051.32
181 $231,051.32 $742.68 $0.00 $1,306.40 $233,100.40
182 $233,100.40 $742.68 $0.00 $1,317.98 $235,161.06
183 $235,161.06 $742.68 $0.00 $1,329.63 $237,233.37
184 $237,233.37 $742.68 $0.00 $1,341.35 $239,317.40
185 $239,317.40 $742.68 $0.00 $1,353.14 $241,413.22
186 $241,413.22 $742.68 $0.00 $1,364.99 $243,520.89
187 $243,520.89 $742.68 $0.00 $1,376.90 $245,640.47
188 $245,640.47 $742.68 $0.00 $1,388.89 $247,772.04
189 $247,772.04 $742.68 $0.00 $1,400.94 $249,915.66
190 $249,915.66 $742.68 $0.00 $1,413.06 $252,071.40
191 $252,071.40 $742.68 $0.00 $1,425.25 $254,239.33
192 $254,239.33 $742.68 $0.00 $1,437.51 $256,419.52
193 $256,419.52 $742.68 $0.00 $1,449.83 $258,612.03
194 $258,612.03 $742.68 $0.00 $1,462.23 $260,816.94
195 $260,816.94 $742.68 $0.00 $1,474.70 $263,034.32
196 $263,034.32 $742.68 $0.00 $1,487.23 $265,264.23
197 $265,264.23 $742.68 $0.00 $1,499.84 $267,506.75
198 $267,506.75 $742.68 $0.00 $1,512.52 $269,761.95
199 $269,761.95 $742.68 $0.00 $1,525.27 $272,029.90
200 $272,029.90 $742.68 $0.00 $1,538.10 $274,310.68
201 $274,310.68 $742.68 $0.00 $1,550.99 $276,604.35
202 $276,604.35 $742.68 $0.00 $1,563.96 $278,910.99
203 $278,910.99 $742.68 $0.00 $1,577.00 $281,230.67
204 $281,230.67 $742.68 $0.00 $1,590.12 $283,563.47
205 $283,563.47 $742.68 $0.00 $1,603.31 $285,909.46
206 $285,909.46 $742.68 $0.00 $1,616.57 $288,268.71
207 $288,268.71 $742.68 $0.00 $1,629.91 $290,641.30
208 $290,641.30 $742.68 $0.00 $1,643.33 $293,027.31
209 $293,027.31 $742.68 $0.00 $1,656.82 $295,426.81
210 $295,426.81 $742.68 $0.00 $1,670.39 $297,839.88
211 $297,839.88 $742.68 $0.00 $1,684.03 $300,266.59
212 $300,266.59 $742.68 $0.00 $1,697.75 $302,707.02
213 $302,707.02 $742.68 $0.00 $1,711.55 $305,161.25
214 $305,161.25 $742.68 $0.00 $1,725.43 $307,629.36
215 $307,629.36 $742.68 $0.00 $1,739.38 $310,111.42
216 $310,111.42 $742.68 $0.00 $1,753.42 $312,607.52
217 $312,607.52 $742.68 $84,660.54 $1,767.53 $230,457.19
218 $230,457.19 $742.68 $0.00 $1,303.04 $232,502.91
219 $232,502.91 $742.68 $0.00 $1,314.61 $234,560.20
220 $234,560.20 $742.68 $0.00 $1,326.24 $236,629.12
221 $236,629.12 $742.68 $0.00 $1,337.94 $238,709.74
222 $238,709.74 $742.68 $0.00 $1,349.70 $240,802.12
223 $240,802.12 $742.68 $0.00 $1,361.53 $242,906.33
224 $242,906.33 $742.68 $0.00 $1,373.43 $245,022.44
225 $245,022.44 $742.68 $0.00 $1,385.39 $247,150.51
226 $247,150.51 $742.68 $0.00 $1,397.42 $249,290.61
227 $249,290.61 $742.68 $0.00 $1,409.53 $251,442.82
228 $251,442.82 $742.68 $0.00 $1,421.69 $253,607.19
229 $253,607.19 $742.68 $90,586.78 $1,433.93 $165,197.02
230 $165,197.02 $742.68 $0.00 $934.05 $166,873.75
231 $166,873.75 $742.68 $0.00 $943.53 $168,559.96
232 $168,559.96 $742.68 $0.00 $953.06 $170,255.70
233 $170,255.70 $742.68 $0.00 $962.65 $171,961.03
234 $171,961.03 $742.68 $0.00 $972.29 $173,676.00
235 $173,676.00 $742.68 $0.00 $981.99 $175,400.67
236 $175,400.67 $742.68 $0.00 $991.74 $177,135.09
237 $177,135.09 $742.68 $0.00 $1,001.55 $178,879.32
238 $178,879.32 $742.68 $0.00 $1,011.41 $180,633.41
239 $180,633.41 $742.68 $0.00 $1,021.33 $182,397.42
240 $182,397.42 $742.68 $0.00 $1,031.30 $184,171.40
241 $184,171.40 $742.68 $96,927.86 $1,041.33 $89,027.55
242 $89,027.55 $742.68 $0.00 $503.37 $90,273.60
243 $90,273.60 $742.68 $0.00 $510.42 $91,526.70
244 $91,526.70 $742.68 $0.00 $517.51 $92,786.89
245 $92,786.89 $742.68 $0.00 $524.63 $94,054.20
246 $94,054.20 $742.68 $0.00 $531.80 $95,328.68
247 $95,328.68 $742.68 $0.00 $539.00 $96,610.36
248 $96,610.36 $742.68 $0.00 $546.25 $97,899.29
249 $97,899.29 $742.68 $0.00 $553.54 $99,195.51
250 $99,195.51 $742.68 $0.00 $560.87 $100,499.06
251 $100,499.06 $742.68 $0.00 $568.24 $101,809.98
252 $101,809.98 $742.68 $0.00 $575.65 $103,128.31
253 $103,128.31 $0.00 $103,712.81 $583.10 -$1.40