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 2041$59,924
Monthly savings required$474

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 $239,695.35 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $474.34 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$23,108.00
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 $474.34 $0.00 $0.00 $474.34
2 $474.34 $474.34 $0.00 $2.68 $951.36
3 $951.36 $474.34 $0.00 $5.38 $1,431.08
4 $1,431.08 $474.34 $0.00 $8.09 $1,913.51
5 $1,913.51 $474.34 $0.00 $10.82 $2,398.67
6 $2,398.67 $474.34 $0.00 $13.56 $2,886.57
7 $2,886.57 $474.34 $0.00 $16.32 $3,377.23
8 $3,377.23 $474.34 $0.00 $19.10 $3,870.67
9 $3,870.67 $474.34 $0.00 $21.89 $4,366.90
10 $4,366.90 $474.34 $0.00 $24.69 $4,865.93
11 $4,865.93 $474.34 $0.00 $27.51 $5,367.78
12 $5,367.78 $474.34 $0.00 $30.35 $5,872.47
13 $5,872.47 $474.34 $0.00 $33.20 $6,380.01
14 $6,380.01 $474.34 $0.00 $36.07 $6,890.42
15 $6,890.42 $474.34 $0.00 $38.96 $7,403.72
16 $7,403.72 $474.34 $0.00 $41.86 $7,919.92
17 $7,919.92 $474.34 $0.00 $44.78 $8,439.04
18 $8,439.04 $474.34 $0.00 $47.72 $8,961.10
19 $8,961.10 $474.34 $0.00 $50.67 $9,486.11
20 $9,486.11 $474.34 $0.00 $53.64 $10,014.09
21 $10,014.09 $474.34 $0.00 $56.62 $10,545.05
22 $10,545.05 $474.34 $0.00 $59.62 $11,079.01
23 $11,079.01 $474.34 $0.00 $62.64 $11,615.99
24 $11,615.99 $474.34 $0.00 $65.68 $12,156.01
25 $12,156.01 $474.34 $0.00 $68.73 $12,699.08
26 $12,699.08 $474.34 $0.00 $71.80 $13,245.22
27 $13,245.22 $474.34 $0.00 $74.89 $13,794.45
28 $13,794.45 $474.34 $0.00 $78.00 $14,346.79
29 $14,346.79 $474.34 $0.00 $81.12 $14,902.25
30 $14,902.25 $474.34 $0.00 $84.26 $15,460.85
31 $15,460.85 $474.34 $0.00 $87.42 $16,022.61
32 $16,022.61 $474.34 $0.00 $90.59 $16,587.54
33 $16,587.54 $474.34 $0.00 $93.79 $17,155.67
34 $17,155.67 $474.34 $0.00 $97.00 $17,727.01
35 $17,727.01 $474.34 $0.00 $100.23 $18,301.58
36 $18,301.58 $474.34 $0.00 $103.48 $18,879.40
37 $18,879.40 $474.34 $0.00 $106.75 $19,460.49
38 $19,460.49 $474.34 $0.00 $110.03 $20,044.86
39 $20,044.86 $474.34 $0.00 $113.34 $20,632.54
40 $20,632.54 $474.34 $0.00 $116.66 $21,223.54
41 $21,223.54 $474.34 $0.00 $120.00 $21,817.88
42 $21,817.88 $474.34 $0.00 $123.36 $22,415.58
43 $22,415.58 $474.34 $0.00 $126.74 $23,016.66
44 $23,016.66 $474.34 $0.00 $130.14 $23,621.14
45 $23,621.14 $474.34 $0.00 $133.56 $24,229.04
46 $24,229.04 $474.34 $0.00 $136.99 $24,840.37
47 $24,840.37 $474.34 $0.00 $140.45 $25,455.16
48 $25,455.16 $474.34 $0.00 $143.93 $26,073.43
49 $26,073.43 $474.34 $0.00 $147.42 $26,695.19
50 $26,695.19 $474.34 $0.00 $150.94 $27,320.47
51 $27,320.47 $474.34 $0.00 $154.47 $27,949.28
52 $27,949.28 $474.34 $0.00 $158.03 $28,581.65
53 $28,581.65 $474.34 $0.00 $161.60 $29,217.59
54 $29,217.59 $474.34 $0.00 $165.20 $29,857.13
55 $29,857.13 $474.34 $0.00 $168.82 $30,500.29
56 $30,500.29 $474.34 $0.00 $172.45 $31,147.08
57 $31,147.08 $474.34 $0.00 $176.11 $31,797.53
58 $31,797.53 $474.34 $0.00 $179.79 $32,451.66
59 $32,451.66 $474.34 $0.00 $183.49 $33,109.49
60 $33,109.49 $474.34 $0.00 $187.21 $33,771.04
61 $33,771.04 $474.34 $0.00 $190.95 $34,436.33
62 $34,436.33 $474.34 $0.00 $194.71 $35,105.38
63 $35,105.38 $474.34 $0.00 $198.49 $35,778.21
64 $35,778.21 $474.34 $0.00 $202.30 $36,454.85
65 $36,454.85 $474.34 $0.00 $206.12 $37,135.31
66 $37,135.31 $474.34 $0.00 $209.97 $37,819.62
67 $37,819.62 $474.34 $0.00 $213.84 $38,507.80
68 $38,507.80 $474.34 $0.00 $217.73 $39,199.87
69 $39,199.87 $474.34 $0.00 $221.64 $39,895.85
70 $39,895.85 $474.34 $0.00 $225.58 $40,595.77
71 $40,595.77 $474.34 $0.00 $229.53 $41,299.64
72 $41,299.64 $474.34 $0.00 $233.51 $42,007.49
73 $42,007.49 $474.34 $0.00 $237.52 $42,719.35
74 $42,719.35 $474.34 $0.00 $241.54 $43,435.23
75 $43,435.23 $474.34 $0.00 $245.59 $44,155.16
76 $44,155.16 $474.34 $0.00 $249.66 $44,879.16
77 $44,879.16 $474.34 $0.00 $253.75 $45,607.25
78 $45,607.25 $474.34 $0.00 $257.87 $46,339.46
79 $46,339.46 $474.34 $0.00 $262.01 $47,075.81
80 $47,075.81 $474.34 $0.00 $266.17 $47,816.32
81 $47,816.32 $474.34 $0.00 $270.36 $48,561.02
82 $48,561.02 $474.34 $0.00 $274.57 $49,309.93
83 $49,309.93 $474.34 $0.00 $278.81 $50,063.08
84 $50,063.08 $474.34 $0.00 $283.06 $50,820.48
85 $50,820.48 $474.34 $0.00 $287.35 $51,582.17
86 $51,582.17 $474.34 $0.00 $291.65 $52,348.16
87 $52,348.16 $474.34 $0.00 $295.98 $53,118.48
88 $53,118.48 $474.34 $0.00 $300.34 $53,893.16
89 $53,893.16 $474.34 $0.00 $304.72 $54,672.22
90 $54,672.22 $474.34 $0.00 $309.12 $55,455.68
91 $55,455.68 $474.34 $0.00 $313.55 $56,243.57
92 $56,243.57 $474.34 $0.00 $318.01 $57,035.92
93 $57,035.92 $474.34 $0.00 $322.49 $57,832.75
94 $57,832.75 $474.34 $0.00 $326.99 $58,634.08
95 $58,634.08 $474.34 $0.00 $331.53 $59,439.95
96 $59,439.95 $474.34 $0.00 $336.08 $60,250.37
97 $60,250.37 $474.34 $0.00 $340.66 $61,065.37
98 $61,065.37 $474.34 $0.00 $345.27 $61,884.98
99 $61,884.98 $474.34 $0.00 $349.91 $62,709.23
100 $62,709.23 $474.34 $0.00 $354.57 $63,538.14
101 $63,538.14 $474.34 $0.00 $359.25 $64,371.73
102 $64,371.73 $474.34 $0.00 $363.97 $65,210.04
103 $65,210.04 $474.34 $0.00 $368.71 $66,053.09
104 $66,053.09 $474.34 $0.00 $373.47 $66,900.90
105 $66,900.90 $474.34 $0.00 $378.27 $67,753.51
106 $67,753.51 $474.34 $0.00 $383.09 $68,610.94
107 $68,610.94 $474.34 $0.00 $387.94 $69,473.22
108 $69,473.22 $474.34 $0.00 $392.81 $70,340.37
109 $70,340.37 $474.34 $0.00 $397.71 $71,212.42
110 $71,212.42 $474.34 $0.00 $402.65 $72,089.41
111 $72,089.41 $474.34 $0.00 $407.60 $72,971.35
112 $72,971.35 $474.34 $0.00 $412.59 $73,858.28
113 $73,858.28 $474.34 $0.00 $417.61 $74,750.23
114 $74,750.23 $474.34 $0.00 $422.65 $75,647.22
115 $75,647.22 $474.34 $0.00 $427.72 $76,549.28
116 $76,549.28 $474.34 $0.00 $432.82 $77,456.44
117 $77,456.44 $474.34 $0.00 $437.95 $78,368.73
118 $78,368.73 $474.34 $0.00 $443.11 $79,286.18
119 $79,286.18 $474.34 $0.00 $448.30 $80,208.82
120 $80,208.82 $474.34 $0.00 $453.51 $81,136.67
121 $81,136.67 $474.34 $0.00 $458.76 $82,069.77
122 $82,069.77 $474.34 $0.00 $464.03 $83,008.14
123 $83,008.14 $474.34 $0.00 $469.34 $83,951.82
124 $83,951.82 $474.34 $0.00 $474.68 $84,900.84
125 $84,900.84 $474.34 $0.00 $480.04 $85,855.22
126 $85,855.22 $474.34 $0.00 $485.44 $86,815.00
127 $86,815.00 $474.34 $0.00 $490.86 $87,780.20
128 $87,780.20 $474.34 $0.00 $496.32 $88,750.86
129 $88,750.86 $474.34 $0.00 $501.81 $89,727.01
130 $89,727.01 $474.34 $0.00 $507.33 $90,708.68
131 $90,708.68 $474.34 $0.00 $512.88 $91,695.90
132 $91,695.90 $474.34 $0.00 $518.46 $92,688.70
133 $92,688.70 $474.34 $0.00 $524.08 $93,687.12
134 $93,687.12 $474.34 $0.00 $529.72 $94,691.18
135 $94,691.18 $474.34 $0.00 $535.40 $95,700.92
136 $95,700.92 $474.34 $0.00 $541.11 $96,716.37
137 $96,716.37 $474.34 $0.00 $546.85 $97,737.56
138 $97,737.56 $474.34 $0.00 $552.62 $98,764.52
139 $98,764.52 $474.34 $0.00 $558.43 $99,797.29
140 $99,797.29 $474.34 $0.00 $564.27 $100,835.90
141 $100,835.90 $474.34 $0.00 $570.14 $101,880.38
142 $101,880.38 $474.34 $0.00 $576.05 $102,930.77
143 $102,930.77 $474.34 $0.00 $581.99 $103,987.10
144 $103,987.10 $474.34 $0.00 $587.96 $105,049.40
145 $105,049.40 $474.34 $0.00 $593.96 $106,117.70
146 $106,117.70 $474.34 $0.00 $600.00 $107,192.04
147 $107,192.04 $474.34 $0.00 $606.08 $108,272.46
148 $108,272.46 $474.34 $0.00 $612.19 $109,358.99
149 $109,358.99 $474.34 $0.00 $618.33 $110,451.66
150 $110,451.66 $474.34 $0.00 $624.51 $111,550.51
151 $111,550.51 $474.34 $0.00 $630.72 $112,655.57
152 $112,655.57 $474.34 $0.00 $636.97 $113,766.88
153 $113,766.88 $474.34 $0.00 $643.25 $114,884.47
154 $114,884.47 $474.34 $0.00 $649.57 $116,008.38
155 $116,008.38 $474.34 $0.00 $655.93 $117,138.65
156 $117,138.65 $474.34 $0.00 $662.32 $118,275.31
157 $118,275.31 $474.34 $0.00 $668.75 $119,418.40
158 $119,418.40 $474.34 $0.00 $675.21 $120,567.95
159 $120,567.95 $474.34 $0.00 $681.71 $121,724.00
160 $121,724.00 $474.34 $0.00 $688.25 $122,886.59
161 $122,886.59 $474.34 $0.00 $694.82 $124,055.75
162 $124,055.75 $474.34 $0.00 $701.43 $125,231.52
163 $125,231.52 $474.34 $0.00 $708.08 $126,413.94
164 $126,413.94 $474.34 $0.00 $714.76 $127,603.04
165 $127,603.04 $474.34 $0.00 $721.49 $128,798.87
166 $128,798.87 $474.34 $0.00 $728.25 $130,001.46
167 $130,001.46 $474.34 $0.00 $735.05 $131,210.85
168 $131,210.85 $474.34 $0.00 $741.89 $132,427.08
169 $132,427.08 $474.34 $0.00 $748.76 $133,650.18
170 $133,650.18 $474.34 $0.00 $755.68 $134,880.20
171 $134,880.20 $474.34 $0.00 $762.63 $136,117.17
172 $136,117.17 $474.34 $0.00 $769.63 $137,361.14
173 $137,361.14 $474.34 $0.00 $776.66 $138,612.14
174 $138,612.14 $474.34 $0.00 $783.73 $139,870.21
175 $139,870.21 $474.34 $0.00 $790.85 $141,135.40
176 $141,135.40 $474.34 $0.00 $798.00 $142,407.74
177 $142,407.74 $474.34 $0.00 $805.19 $143,687.27
178 $143,687.27 $474.34 $0.00 $812.43 $144,974.04
179 $144,974.04 $474.34 $0.00 $819.70 $146,268.08
180 $146,268.08 $474.34 $0.00 $827.02 $147,569.44
181 $147,569.44 $474.34 $0.00 $834.38 $148,878.16
182 $148,878.16 $474.34 $0.00 $841.78 $150,194.28
183 $150,194.28 $474.34 $0.00 $849.22 $151,517.84
184 $151,517.84 $474.34 $0.00 $856.70 $152,848.88
185 $152,848.88 $474.34 $0.00 $864.23 $154,187.45
186 $154,187.45 $474.34 $0.00 $871.80 $155,533.59
187 $155,533.59 $474.34 $0.00 $879.41 $156,887.34
188 $156,887.34 $474.34 $0.00 $887.06 $158,248.74
189 $158,248.74 $474.34 $0.00 $894.76 $159,617.84
190 $159,617.84 $474.34 $0.00 $902.50 $160,994.68
191 $160,994.68 $474.34 $0.00 $910.29 $162,379.31
192 $162,379.31 $474.34 $0.00 $918.12 $163,771.77
193 $163,771.77 $474.34 $0.00 $925.99 $165,172.10
194 $165,172.10 $474.34 $0.00 $933.91 $166,580.35
195 $166,580.35 $474.34 $0.00 $941.87 $167,996.56
196 $167,996.56 $474.34 $0.00 $949.88 $169,420.78
197 $169,420.78 $474.34 $0.00 $957.93 $170,853.05
198 $170,853.05 $474.34 $0.00 $966.03 $172,293.42
199 $172,293.42 $474.34 $0.00 $974.17 $173,741.93
200 $173,741.93 $474.34 $0.00 $982.36 $175,198.63
201 $175,198.63 $474.34 $0.00 $990.60 $176,663.57
202 $176,663.57 $474.34 $0.00 $998.88 $178,136.79
203 $178,136.79 $474.34 $0.00 $1,007.21 $179,618.34
204 $179,618.34 $474.34 $0.00 $1,015.59 $181,108.27
205 $181,108.27 $474.34 $0.00 $1,024.01 $182,606.62
206 $182,606.62 $474.34 $0.00 $1,032.48 $184,113.44
207 $184,113.44 $474.34 $0.00 $1,041.00 $185,628.78
208 $185,628.78 $474.34 $0.00 $1,049.57 $187,152.69
209 $187,152.69 $474.34 $0.00 $1,058.19 $188,685.22
210 $188,685.22 $474.34 $0.00 $1,066.85 $190,226.41
211 $190,226.41 $474.34 $0.00 $1,075.57 $191,776.32
212 $191,776.32 $474.34 $0.00 $1,084.33 $193,334.99
213 $193,334.99 $474.34 $0.00 $1,093.14 $194,902.47
214 $194,902.47 $474.34 $0.00 $1,102.01 $196,478.82
215 $196,478.82 $474.34 $0.00 $1,110.92 $198,064.08
216 $198,064.08 $474.34 $0.00 $1,119.88 $199,658.30
217 $199,658.30 $474.34 $55,612.16 $1,128.90 $145,649.38
218 $145,649.38 $474.34 $0.00 $823.52 $146,947.24
219 $146,947.24 $474.34 $0.00 $830.86 $148,252.44
220 $148,252.44 $474.34 $0.00 $838.24 $149,565.02
221 $149,565.02 $474.34 $0.00 $845.66 $150,885.02
222 $150,885.02 $474.34 $0.00 $853.13 $152,212.49
223 $152,212.49 $474.34 $0.00 $860.63 $153,547.46
224 $153,547.46 $474.34 $0.00 $868.18 $154,889.98
225 $154,889.98 $474.34 $0.00 $875.77 $156,240.09
226 $156,240.09 $474.34 $0.00 $883.40 $157,597.83
227 $157,597.83 $474.34 $0.00 $891.08 $158,963.25
228 $158,963.25 $474.34 $0.00 $898.80 $160,336.39
229 $160,336.39 $474.34 $58,392.77 $906.57 $103,324.53
230 $103,324.53 $474.34 $0.00 $584.21 $104,383.08
231 $104,383.08 $474.34 $0.00 $590.20 $105,447.62
232 $105,447.62 $474.34 $0.00 $596.22 $106,518.18
233 $106,518.18 $474.34 $0.00 $602.27 $107,594.79
234 $107,594.79 $474.34 $0.00 $608.36 $108,677.49
235 $108,677.49 $474.34 $0.00 $614.48 $109,766.31
236 $109,766.31 $474.34 $0.00 $620.63 $110,861.28
237 $110,861.28 $474.34 $0.00 $626.83 $111,962.45
238 $111,962.45 $474.34 $0.00 $633.05 $113,069.84
239 $113,069.84 $474.34 $0.00 $639.31 $114,183.49
240 $114,183.49 $474.34 $0.00 $645.61 $115,303.44
241 $115,303.44 $474.34 $61,312.40 $651.94 $55,117.32
242 $55,117.32 $474.34 $0.00 $311.64 $55,903.30
243 $55,903.30 $474.34 $0.00 $316.09 $56,693.73
244 $56,693.73 $474.34 $0.00 $320.55 $57,488.62
245 $57,488.62 $474.34 $0.00 $325.05 $58,288.01
246 $58,288.01 $474.34 $0.00 $329.57 $59,091.92
247 $59,091.92 $474.34 $0.00 $334.11 $59,900.37
248 $59,900.37 $474.34 $0.00 $338.69 $60,713.40
249 $60,713.40 $474.34 $0.00 $343.28 $61,531.02
250 $61,531.02 $474.34 $0.00 $347.91 $62,353.27
251 $62,353.27 $474.34 $0.00 $352.55 $63,180.16
252 $63,180.16 $474.34 $0.00 $357.23 $64,011.73
253 $64,011.73 $0.00 $64,378.02 $361.93 ($4.36)