Quantcast

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$49,323
Monthly savings required$390

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 $197,291.22 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $390.43 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$19,020.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Paul Quinn College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $390.43 $0.00 $0.00 $390.43
2 $390.43 $390.43 $0.00 $2.21 $783.07
3 $783.07 $390.43 $0.00 $4.43 $1,177.93
4 $1,177.93 $390.43 $0.00 $6.66 $1,575.02
5 $1,575.02 $390.43 $0.00 $8.91 $1,974.36
6 $1,974.36 $390.43 $0.00 $11.16 $2,375.95
7 $2,375.95 $390.43 $0.00 $13.43 $2,779.81
8 $2,779.81 $390.43 $0.00 $15.72 $3,185.96
9 $3,185.96 $390.43 $0.00 $18.01 $3,594.40
10 $3,594.40 $390.43 $0.00 $20.32 $4,005.15
11 $4,005.15 $390.43 $0.00 $22.65 $4,418.23
12 $4,418.23 $390.43 $0.00 $24.98 $4,833.64
13 $4,833.64 $390.43 $0.00 $27.33 $5,251.40
14 $5,251.40 $390.43 $0.00 $29.69 $5,671.52
15 $5,671.52 $390.43 $0.00 $32.07 $6,094.02
16 $6,094.02 $390.43 $0.00 $34.46 $6,518.91
17 $6,518.91 $390.43 $0.00 $36.86 $6,946.20
18 $6,946.20 $390.43 $0.00 $39.27 $7,375.90
19 $7,375.90 $390.43 $0.00 $41.70 $7,808.03
20 $7,808.03 $390.43 $0.00 $44.15 $8,242.61
21 $8,242.61 $390.43 $0.00 $46.60 $8,679.64
22 $8,679.64 $390.43 $0.00 $49.08 $9,119.15
23 $9,119.15 $390.43 $0.00 $51.56 $9,561.14
24 $9,561.14 $390.43 $0.00 $54.06 $10,005.63
25 $10,005.63 $390.43 $0.00 $56.57 $10,452.63
26 $10,452.63 $390.43 $0.00 $59.10 $10,902.16
27 $10,902.16 $390.43 $0.00 $61.64 $11,354.23
28 $11,354.23 $390.43 $0.00 $64.20 $11,808.86
29 $11,808.86 $390.43 $0.00 $66.77 $12,266.06
30 $12,266.06 $390.43 $0.00 $69.35 $12,725.84
31 $12,725.84 $390.43 $0.00 $71.95 $13,188.22
32 $13,188.22 $390.43 $0.00 $74.57 $13,653.22
33 $13,653.22 $390.43 $0.00 $77.20 $14,120.85
34 $14,120.85 $390.43 $0.00 $79.84 $14,591.12
35 $14,591.12 $390.43 $0.00 $82.50 $15,064.05
36 $15,064.05 $390.43 $0.00 $85.17 $15,539.65
37 $15,539.65 $390.43 $0.00 $87.86 $16,017.94
38 $16,017.94 $390.43 $0.00 $90.57 $16,498.94
39 $16,498.94 $390.43 $0.00 $93.29 $16,982.66
40 $16,982.66 $390.43 $0.00 $96.02 $17,469.11
41 $17,469.11 $390.43 $0.00 $98.77 $17,958.31
42 $17,958.31 $390.43 $0.00 $101.54 $18,450.28
43 $18,450.28 $390.43 $0.00 $104.32 $18,945.03
44 $18,945.03 $390.43 $0.00 $107.12 $19,442.58
45 $19,442.58 $390.43 $0.00 $109.93 $19,942.94
46 $19,942.94 $390.43 $0.00 $112.76 $20,446.13
47 $20,446.13 $390.43 $0.00 $115.61 $20,952.17
48 $20,952.17 $390.43 $0.00 $118.47 $21,461.07
49 $21,461.07 $390.43 $0.00 $121.34 $21,972.84
50 $21,972.84 $390.43 $0.00 $124.24 $22,487.51
51 $22,487.51 $390.43 $0.00 $127.15 $23,005.09
52 $23,005.09 $390.43 $0.00 $130.07 $23,525.59
53 $23,525.59 $390.43 $0.00 $133.02 $24,049.04
54 $24,049.04 $390.43 $0.00 $135.98 $24,575.45
55 $24,575.45 $390.43 $0.00 $138.95 $25,104.83
56 $25,104.83 $390.43 $0.00 $141.95 $25,637.21
57 $25,637.21 $390.43 $0.00 $144.96 $26,172.60
58 $26,172.60 $390.43 $0.00 $147.98 $26,711.01
59 $26,711.01 $390.43 $0.00 $151.03 $27,252.47
60 $27,252.47 $390.43 $0.00 $154.09 $27,796.99
61 $27,796.99 $390.43 $0.00 $157.17 $28,344.59
62 $28,344.59 $390.43 $0.00 $160.26 $28,895.28
63 $28,895.28 $390.43 $0.00 $163.38 $29,449.09
64 $29,449.09 $390.43 $0.00 $166.51 $30,006.03
65 $30,006.03 $390.43 $0.00 $169.66 $30,566.12
66 $30,566.12 $390.43 $0.00 $172.83 $31,129.38
67 $31,129.38 $390.43 $0.00 $176.01 $31,695.82
68 $31,695.82 $390.43 $0.00 $179.21 $32,265.46
69 $32,265.46 $390.43 $0.00 $182.43 $32,838.32
70 $32,838.32 $390.43 $0.00 $185.67 $33,414.42
71 $33,414.42 $390.43 $0.00 $188.93 $33,993.78
72 $33,993.78 $390.43 $0.00 $192.21 $34,576.42
73 $34,576.42 $390.43 $0.00 $195.50 $35,162.35
74 $35,162.35 $390.43 $0.00 $198.81 $35,751.59
75 $35,751.59 $390.43 $0.00 $202.14 $36,344.16
76 $36,344.16 $390.43 $0.00 $205.50 $36,940.09
77 $36,940.09 $390.43 $0.00 $208.86 $37,539.38
78 $37,539.38 $390.43 $0.00 $212.25 $38,142.06
79 $38,142.06 $390.43 $0.00 $215.66 $38,748.15
80 $38,748.15 $390.43 $0.00 $219.09 $39,357.67
81 $39,357.67 $390.43 $0.00 $222.53 $39,970.63
82 $39,970.63 $390.43 $0.00 $226.00 $40,587.06
83 $40,587.06 $390.43 $0.00 $229.49 $41,206.98
84 $41,206.98 $390.43 $0.00 $232.99 $41,830.40
85 $41,830.40 $390.43 $0.00 $236.52 $42,457.35
86 $42,457.35 $390.43 $0.00 $240.06 $43,087.84
87 $43,087.84 $390.43 $0.00 $243.62 $43,721.89
88 $43,721.89 $390.43 $0.00 $247.21 $44,359.53
89 $44,359.53 $390.43 $0.00 $250.82 $45,000.78
90 $45,000.78 $390.43 $0.00 $254.44 $45,645.65
91 $45,645.65 $390.43 $0.00 $258.09 $46,294.17
92 $46,294.17 $390.43 $0.00 $261.75 $46,946.35
93 $46,946.35 $390.43 $0.00 $265.44 $47,602.22
94 $47,602.22 $390.43 $0.00 $269.15 $48,261.80
95 $48,261.80 $390.43 $0.00 $272.88 $48,925.11
96 $48,925.11 $390.43 $0.00 $276.63 $49,592.17
97 $49,592.17 $390.43 $0.00 $280.40 $50,263.00
98 $50,263.00 $390.43 $0.00 $284.19 $50,937.62
99 $50,937.62 $390.43 $0.00 $288.01 $51,616.06
100 $51,616.06 $390.43 $0.00 $291.84 $52,298.33
101 $52,298.33 $390.43 $0.00 $295.70 $52,984.46
102 $52,984.46 $390.43 $0.00 $299.58 $53,674.47
103 $53,674.47 $390.43 $0.00 $303.48 $54,368.38
104 $54,368.38 $390.43 $0.00 $307.41 $55,066.22
105 $55,066.22 $390.43 $0.00 $311.35 $55,768.00
106 $55,768.00 $390.43 $0.00 $315.32 $56,473.75
107 $56,473.75 $390.43 $0.00 $319.31 $57,183.49
108 $57,183.49 $390.43 $0.00 $323.32 $57,897.24
109 $57,897.24 $390.43 $0.00 $327.36 $58,615.03
110 $58,615.03 $390.43 $0.00 $331.42 $59,336.88
111 $59,336.88 $390.43 $0.00 $335.50 $60,062.81
112 $60,062.81 $390.43 $0.00 $339.60 $60,792.84
113 $60,792.84 $390.43 $0.00 $343.73 $61,527.00
114 $61,527.00 $390.43 $0.00 $347.88 $62,265.31
115 $62,265.31 $390.43 $0.00 $352.06 $63,007.80
116 $63,007.80 $390.43 $0.00 $356.26 $63,754.49
117 $63,754.49 $390.43 $0.00 $360.48 $64,505.40
118 $64,505.40 $390.43 $0.00 $364.72 $65,260.55
119 $65,260.55 $390.43 $0.00 $368.99 $66,019.97
120 $66,019.97 $390.43 $0.00 $373.29 $66,783.69
121 $66,783.69 $390.43 $0.00 $377.60 $67,551.72
122 $67,551.72 $390.43 $0.00 $381.95 $68,324.10
123 $68,324.10 $390.43 $0.00 $386.31 $69,100.84
124 $69,100.84 $390.43 $0.00 $390.71 $69,881.98
125 $69,881.98 $390.43 $0.00 $395.12 $70,667.53
126 $70,667.53 $390.43 $0.00 $399.56 $71,457.52
127 $71,457.52 $390.43 $0.00 $404.03 $72,251.98
128 $72,251.98 $390.43 $0.00 $408.52 $73,050.93
129 $73,050.93 $390.43 $0.00 $413.04 $73,854.40
130 $73,854.40 $390.43 $0.00 $417.58 $74,662.41
131 $74,662.41 $390.43 $0.00 $422.15 $75,474.99
132 $75,474.99 $390.43 $0.00 $426.75 $76,292.17
133 $76,292.17 $390.43 $0.00 $431.37 $77,113.97
134 $77,113.97 $390.43 $0.00 $436.01 $77,940.41
135 $77,940.41 $390.43 $0.00 $440.69 $78,771.53
136 $78,771.53 $390.43 $0.00 $445.39 $79,607.35
137 $79,607.35 $390.43 $0.00 $450.11 $80,447.89
138 $80,447.89 $390.43 $0.00 $454.86 $81,293.18
139 $81,293.18 $390.43 $0.00 $459.64 $82,143.25
140 $82,143.25 $390.43 $0.00 $464.45 $82,998.13
141 $82,998.13 $390.43 $0.00 $469.28 $83,857.84
142 $83,857.84 $390.43 $0.00 $474.14 $84,722.41
143 $84,722.41 $390.43 $0.00 $479.03 $85,591.87
144 $85,591.87 $390.43 $0.00 $483.95 $86,466.25
145 $86,466.25 $390.43 $0.00 $488.89 $87,345.57
146 $87,345.57 $390.43 $0.00 $493.86 $88,229.86
147 $88,229.86 $390.43 $0.00 $498.86 $89,119.15
148 $89,119.15 $390.43 $0.00 $503.89 $90,013.47
149 $90,013.47 $390.43 $0.00 $508.95 $90,912.85
150 $90,912.85 $390.43 $0.00 $514.03 $91,817.31
151 $91,817.31 $390.43 $0.00 $519.15 $92,726.89
152 $92,726.89 $390.43 $0.00 $524.29 $93,641.61
153 $93,641.61 $390.43 $0.00 $529.46 $94,561.50
154 $94,561.50 $390.43 $0.00 $534.66 $95,486.59
155 $95,486.59 $390.43 $0.00 $539.90 $96,416.92
156 $96,416.92 $390.43 $0.00 $545.16 $97,352.51
157 $97,352.51 $390.43 $0.00 $550.45 $98,293.39
158 $98,293.39 $390.43 $0.00 $555.77 $99,239.59
159 $99,239.59 $390.43 $0.00 $561.12 $100,191.14
160 $100,191.14 $390.43 $0.00 $566.50 $101,148.07
161 $101,148.07 $390.43 $0.00 $571.91 $102,110.41
162 $102,110.41 $390.43 $0.00 $577.35 $103,078.19
163 $103,078.19 $390.43 $0.00 $582.82 $104,051.44
164 $104,051.44 $390.43 $0.00 $588.32 $105,030.19
165 $105,030.19 $390.43 $0.00 $593.86 $106,014.48
166 $106,014.48 $390.43 $0.00 $599.42 $107,004.33
167 $107,004.33 $390.43 $0.00 $605.02 $107,999.78
168 $107,999.78 $390.43 $0.00 $610.65 $109,000.86
169 $109,000.86 $390.43 $0.00 $616.31 $110,007.60
170 $110,007.60 $390.43 $0.00 $622.00 $111,020.03
171 $111,020.03 $390.43 $0.00 $627.72 $112,038.18
172 $112,038.18 $390.43 $0.00 $633.48 $113,062.09
173 $113,062.09 $390.43 $0.00 $639.27 $114,091.79
174 $114,091.79 $390.43 $0.00 $645.09 $115,127.31
175 $115,127.31 $390.43 $0.00 $650.95 $116,168.69
176 $116,168.69 $390.43 $0.00 $656.83 $117,215.95
177 $117,215.95 $390.43 $0.00 $662.76 $118,269.14
178 $118,269.14 $390.43 $0.00 $668.71 $119,328.28
179 $119,328.28 $390.43 $0.00 $674.70 $120,393.41
180 $120,393.41 $390.43 $0.00 $680.72 $121,464.56
181 $121,464.56 $390.43 $0.00 $686.78 $122,541.77
182 $122,541.77 $390.43 $0.00 $692.87 $123,625.07
183 $123,625.07 $390.43 $0.00 $698.99 $124,714.49
184 $124,714.49 $390.43 $0.00 $705.15 $125,810.07
185 $125,810.07 $390.43 $0.00 $711.35 $126,911.85
186 $126,911.85 $390.43 $0.00 $717.58 $128,019.86
187 $128,019.86 $390.43 $0.00 $723.84 $129,134.13
188 $129,134.13 $390.43 $0.00 $730.14 $130,254.70
189 $130,254.70 $390.43 $0.00 $736.48 $131,381.61
190 $131,381.61 $390.43 $0.00 $742.85 $132,514.89
191 $132,514.89 $390.43 $0.00 $749.26 $133,654.58
192 $133,654.58 $390.43 $0.00 $755.70 $134,800.71
193 $134,800.71 $390.43 $0.00 $762.18 $135,953.32
194 $135,953.32 $390.43 $0.00 $768.70 $137,112.45
195 $137,112.45 $390.43 $0.00 $775.25 $138,278.13
196 $138,278.13 $390.43 $0.00 $781.84 $139,450.40
197 $139,450.40 $390.43 $0.00 $788.47 $140,629.30
198 $140,629.30 $390.43 $0.00 $795.14 $141,814.87
199 $141,814.87 $390.43 $0.00 $801.84 $143,007.14
200 $143,007.14 $390.43 $0.00 $808.58 $144,206.15
201 $144,206.15 $390.43 $0.00 $815.36 $145,411.94
202 $145,411.94 $390.43 $0.00 $822.18 $146,624.55
203 $146,624.55 $390.43 $0.00 $829.04 $147,844.02
204 $147,844.02 $390.43 $0.00 $835.93 $149,070.38
205 $149,070.38 $390.43 $0.00 $842.87 $150,303.68
206 $150,303.68 $390.43 $0.00 $849.84 $151,543.95
207 $151,543.95 $390.43 $0.00 $856.85 $152,791.23
208 $152,791.23 $390.43 $0.00 $863.90 $154,045.56
209 $154,045.56 $390.43 $0.00 $871.00 $155,306.99
210 $155,306.99 $390.43 $0.00 $878.13 $156,575.55
211 $156,575.55 $390.43 $0.00 $885.30 $157,851.28
212 $157,851.28 $390.43 $0.00 $892.51 $159,134.22
213 $159,134.22 $390.43 $0.00 $899.77 $160,424.42
214 $160,424.42 $390.43 $0.00 $907.06 $161,721.91
215 $161,721.91 $390.43 $0.00 $914.40 $163,026.74
216 $163,026.74 $390.43 $0.00 $921.78 $164,338.95
217 $164,338.95 $390.43 $45,773.90 $929.20 $119,884.68
218 $119,884.68 $390.43 $0.00 $677.85 $120,952.96
219 $120,952.96 $390.43 $0.00 $683.89 $122,027.28
220 $122,027.28 $390.43 $0.00 $689.96 $123,107.67
221 $123,107.67 $390.43 $0.00 $696.07 $124,194.17
222 $124,194.17 $390.43 $0.00 $702.21 $125,286.81
223 $125,286.81 $390.43 $0.00 $708.39 $126,385.63
224 $126,385.63 $390.43 $0.00 $714.60 $127,490.66
225 $127,490.66 $390.43 $0.00 $720.85 $128,601.94
226 $128,601.94 $390.43 $0.00 $727.13 $129,719.50
227 $129,719.50 $390.43 $0.00 $733.45 $130,843.38
228 $130,843.38 $390.43 $0.00 $739.81 $131,973.62
229 $131,973.62 $390.43 $48,062.59 $746.20 $85,047.66
230 $85,047.66 $390.43 $0.00 $480.87 $85,918.96
231 $85,918.96 $390.43 $0.00 $485.80 $86,795.19
232 $86,795.19 $390.43 $0.00 $490.75 $87,676.37
233 $87,676.37 $390.43 $0.00 $495.73 $88,562.53
234 $88,562.53 $390.43 $0.00 $500.75 $89,453.71
235 $89,453.71 $390.43 $0.00 $505.78 $90,349.92
236 $90,349.92 $390.43 $0.00 $510.85 $91,251.20
237 $91,251.20 $390.43 $0.00 $515.95 $92,157.58
238 $92,157.58 $390.43 $0.00 $521.07 $93,069.08
239 $93,069.08 $390.43 $0.00 $526.23 $93,985.74
240 $93,985.74 $390.43 $0.00 $531.41 $94,907.58
241 $94,907.58 $390.43 $50,465.72 $536.62 $45,368.91
242 $45,368.91 $390.43 $0.00 $256.52 $46,015.86
243 $46,015.86 $390.43 $0.00 $260.18 $46,666.47
244 $46,666.47 $390.43 $0.00 $263.86 $47,320.76
245 $47,320.76 $390.43 $0.00 $267.56 $47,978.75
246 $47,978.75 $390.43 $0.00 $271.28 $48,640.46
247 $48,640.46 $390.43 $0.00 $275.02 $49,305.91
248 $49,305.91 $390.43 $0.00 $278.78 $49,975.12
249 $49,975.12 $390.43 $0.00 $282.57 $50,648.12
250 $50,648.12 $390.43 $0.00 $286.37 $51,324.92
251 $51,324.92 $390.43 $0.00 $290.20 $52,005.55
252 $52,005.55 $390.43 $0.00 $294.05 $52,690.03
253 $52,690.03 $0.00 $52,989.01 $297.92 ($1.06)