Savings Plan and Future Cost Estimation for Southwestern Christian College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$44,007
Monthly savings required$348

How much will it cost to send your child to Southwestern Christian College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $176,026.92 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $348.35 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$16,970.00
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 $348.35 $0.00 $0.00 $348.35
2 $348.35 $348.35 $0.00 $1.97 $698.67
3 $698.67 $348.35 $0.00 $3.95 $1,050.97
4 $1,050.97 $348.35 $0.00 $5.94 $1,405.26
5 $1,405.26 $348.35 $0.00 $7.95 $1,761.56
6 $1,761.56 $348.35 $0.00 $9.96 $2,119.87
7 $2,119.87 $348.35 $0.00 $11.99 $2,480.21
8 $2,480.21 $348.35 $0.00 $14.02 $2,842.58
9 $2,842.58 $348.35 $0.00 $16.07 $3,207.00
10 $3,207.00 $348.35 $0.00 $18.13 $3,573.48
11 $3,573.48 $348.35 $0.00 $20.20 $3,942.03
12 $3,942.03 $348.35 $0.00 $22.29 $4,312.67
13 $4,312.67 $348.35 $0.00 $24.38 $4,685.40
14 $4,685.40 $348.35 $0.00 $26.49 $5,060.24
15 $5,060.24 $348.35 $0.00 $28.61 $5,437.20
16 $5,437.20 $348.35 $0.00 $30.74 $5,816.29
17 $5,816.29 $348.35 $0.00 $32.89 $6,197.53
18 $6,197.53 $348.35 $0.00 $35.04 $6,580.92
19 $6,580.92 $348.35 $0.00 $37.21 $6,966.48
20 $6,966.48 $348.35 $0.00 $39.39 $7,354.22
21 $7,354.22 $348.35 $0.00 $41.58 $7,744.15
22 $7,744.15 $348.35 $0.00 $43.79 $8,136.29
23 $8,136.29 $348.35 $0.00 $46.00 $8,530.64
24 $8,530.64 $348.35 $0.00 $48.23 $8,927.22
25 $8,927.22 $348.35 $0.00 $50.48 $9,326.05
26 $9,326.05 $348.35 $0.00 $52.73 $9,727.13
27 $9,727.13 $348.35 $0.00 $55.00 $10,130.48
28 $10,130.48 $348.35 $0.00 $57.28 $10,536.11
29 $10,536.11 $348.35 $0.00 $59.57 $10,944.03
30 $10,944.03 $348.35 $0.00 $61.88 $11,354.26
31 $11,354.26 $348.35 $0.00 $64.20 $11,766.81
32 $11,766.81 $348.35 $0.00 $66.53 $12,181.69
33 $12,181.69 $348.35 $0.00 $68.88 $12,598.92
34 $12,598.92 $348.35 $0.00 $71.24 $13,018.51
35 $13,018.51 $348.35 $0.00 $73.61 $13,440.47
36 $13,440.47 $348.35 $0.00 $75.99 $13,864.81
37 $13,864.81 $348.35 $0.00 $78.39 $14,291.55
38 $14,291.55 $348.35 $0.00 $80.81 $14,720.71
39 $14,720.71 $348.35 $0.00 $83.23 $15,152.29
40 $15,152.29 $348.35 $0.00 $85.67 $15,586.31
41 $15,586.31 $348.35 $0.00 $88.13 $16,022.79
42 $16,022.79 $348.35 $0.00 $90.60 $16,461.74
43 $16,461.74 $348.35 $0.00 $93.08 $16,903.17
44 $16,903.17 $348.35 $0.00 $95.57 $17,347.09
45 $17,347.09 $348.35 $0.00 $98.08 $17,793.52
46 $17,793.52 $348.35 $0.00 $100.61 $18,242.48
47 $18,242.48 $348.35 $0.00 $103.15 $18,693.98
48 $18,693.98 $348.35 $0.00 $105.70 $19,148.03
49 $19,148.03 $348.35 $0.00 $108.27 $19,604.65
50 $19,604.65 $348.35 $0.00 $110.85 $20,063.85
51 $20,063.85 $348.35 $0.00 $113.44 $20,525.64
52 $20,525.64 $348.35 $0.00 $116.05 $20,990.04
53 $20,990.04 $348.35 $0.00 $118.68 $21,457.07
54 $21,457.07 $348.35 $0.00 $121.32 $21,926.74
55 $21,926.74 $348.35 $0.00 $123.98 $22,399.07
56 $22,399.07 $348.35 $0.00 $126.65 $22,874.07
57 $22,874.07 $348.35 $0.00 $129.33 $23,351.75
58 $23,351.75 $348.35 $0.00 $132.03 $23,832.13
59 $23,832.13 $348.35 $0.00 $134.75 $24,315.23
60 $24,315.23 $348.35 $0.00 $137.48 $24,801.06
61 $24,801.06 $348.35 $0.00 $140.23 $25,289.64
62 $25,289.64 $348.35 $0.00 $142.99 $25,780.98
63 $25,780.98 $348.35 $0.00 $145.77 $26,275.10
64 $26,275.10 $348.35 $0.00 $148.56 $26,772.01
65 $26,772.01 $348.35 $0.00 $151.37 $27,271.73
66 $27,271.73 $348.35 $0.00 $154.20 $27,774.28
67 $27,774.28 $348.35 $0.00 $157.04 $28,279.67
68 $28,279.67 $348.35 $0.00 $159.90 $28,787.92
69 $28,787.92 $348.35 $0.00 $162.77 $29,299.04
70 $29,299.04 $348.35 $0.00 $165.66 $29,813.05
71 $29,813.05 $348.35 $0.00 $168.57 $30,329.97
72 $30,329.97 $348.35 $0.00 $171.49 $30,849.81
73 $30,849.81 $348.35 $0.00 $174.43 $31,372.59
74 $31,372.59 $348.35 $0.00 $177.39 $31,898.33
75 $31,898.33 $348.35 $0.00 $180.36 $32,427.04
76 $32,427.04 $348.35 $0.00 $183.35 $32,958.74
77 $32,958.74 $348.35 $0.00 $186.35 $33,493.44
78 $33,493.44 $348.35 $0.00 $189.38 $34,031.17
79 $34,031.17 $348.35 $0.00 $192.42 $34,571.94
80 $34,571.94 $348.35 $0.00 $195.47 $35,115.76
81 $35,115.76 $348.35 $0.00 $198.55 $35,662.66
82 $35,662.66 $348.35 $0.00 $201.64 $36,212.65
83 $36,212.65 $348.35 $0.00 $204.75 $36,765.75
84 $36,765.75 $348.35 $0.00 $207.88 $37,321.98
85 $37,321.98 $348.35 $0.00 $211.02 $37,881.35
86 $37,881.35 $348.35 $0.00 $214.19 $38,443.89
87 $38,443.89 $348.35 $0.00 $217.37 $39,009.61
88 $39,009.61 $348.35 $0.00 $220.57 $39,578.53
89 $39,578.53 $348.35 $0.00 $223.78 $40,150.66
90 $40,150.66 $348.35 $0.00 $227.02 $40,726.03
91 $40,726.03 $348.35 $0.00 $230.27 $41,304.65
92 $41,304.65 $348.35 $0.00 $233.54 $41,886.54
93 $41,886.54 $348.35 $0.00 $236.83 $42,471.72
94 $42,471.72 $348.35 $0.00 $240.14 $43,060.21
95 $43,060.21 $348.35 $0.00 $243.47 $43,652.03
96 $43,652.03 $348.35 $0.00 $246.81 $44,247.19
97 $44,247.19 $348.35 $0.00 $250.18 $44,845.72
98 $44,845.72 $348.35 $0.00 $253.56 $45,447.63
99 $45,447.63 $348.35 $0.00 $256.97 $46,052.95
100 $46,052.95 $348.35 $0.00 $260.39 $46,661.69
101 $46,661.69 $348.35 $0.00 $263.83 $47,273.87
102 $47,273.87 $348.35 $0.00 $267.29 $47,889.51
103 $47,889.51 $348.35 $0.00 $270.77 $48,508.63
104 $48,508.63 $348.35 $0.00 $274.27 $49,131.25
105 $49,131.25 $348.35 $0.00 $277.80 $49,757.40
106 $49,757.40 $348.35 $0.00 $281.34 $50,387.09
107 $50,387.09 $348.35 $0.00 $284.90 $51,020.34
108 $51,020.34 $348.35 $0.00 $288.48 $51,657.17
109 $51,657.17 $348.35 $0.00 $292.08 $52,297.60
110 $52,297.60 $348.35 $0.00 $295.70 $52,941.65
111 $52,941.65 $348.35 $0.00 $299.34 $53,589.34
112 $53,589.34 $348.35 $0.00 $303.00 $54,240.69
113 $54,240.69 $348.35 $0.00 $306.68 $54,895.72
114 $54,895.72 $348.35 $0.00 $310.39 $55,554.46
115 $55,554.46 $348.35 $0.00 $314.11 $56,216.92
116 $56,216.92 $348.35 $0.00 $317.86 $56,883.13
117 $56,883.13 $348.35 $0.00 $321.63 $57,553.11
118 $57,553.11 $348.35 $0.00 $325.41 $58,226.87
119 $58,226.87 $348.35 $0.00 $329.22 $58,904.44
120 $58,904.44 $348.35 $0.00 $333.05 $59,585.84
121 $59,585.84 $348.35 $0.00 $336.91 $60,271.10
122 $60,271.10 $348.35 $0.00 $340.78 $60,960.23
123 $60,960.23 $348.35 $0.00 $344.68 $61,653.26
124 $61,653.26 $348.35 $0.00 $348.60 $62,350.21
125 $62,350.21 $348.35 $0.00 $352.54 $63,051.10
126 $63,051.10 $348.35 $0.00 $356.50 $63,755.95
127 $63,755.95 $348.35 $0.00 $360.49 $64,464.79
128 $64,464.79 $348.35 $0.00 $364.49 $65,177.63
129 $65,177.63 $348.35 $0.00 $368.52 $65,894.50
130 $65,894.50 $348.35 $0.00 $372.58 $66,615.43
131 $66,615.43 $348.35 $0.00 $376.65 $67,340.43
132 $67,340.43 $348.35 $0.00 $380.75 $68,069.53
133 $68,069.53 $348.35 $0.00 $384.88 $68,802.76
134 $68,802.76 $348.35 $0.00 $389.02 $69,540.13
135 $69,540.13 $348.35 $0.00 $393.19 $70,281.67
136 $70,281.67 $348.35 $0.00 $397.38 $71,027.40
137 $71,027.40 $348.35 $0.00 $401.60 $71,777.35
138 $71,777.35 $348.35 $0.00 $405.84 $72,531.54
139 $72,531.54 $348.35 $0.00 $410.10 $73,289.99
140 $73,289.99 $348.35 $0.00 $414.39 $74,052.73
141 $74,052.73 $348.35 $0.00 $418.70 $74,819.78
142 $74,819.78 $348.35 $0.00 $423.04 $75,591.17
143 $75,591.17 $348.35 $0.00 $427.40 $76,366.92
144 $76,366.92 $348.35 $0.00 $431.79 $77,147.06
145 $77,147.06 $348.35 $0.00 $436.20 $77,931.61
146 $77,931.61 $348.35 $0.00 $440.64 $78,720.60
147 $78,720.60 $348.35 $0.00 $445.10 $79,514.05
148 $79,514.05 $348.35 $0.00 $449.58 $80,311.98
149 $80,311.98 $348.35 $0.00 $454.10 $81,114.43
150 $81,114.43 $348.35 $0.00 $458.63 $81,921.41
151 $81,921.41 $348.35 $0.00 $463.20 $82,732.96
152 $82,732.96 $348.35 $0.00 $467.78 $83,549.09
153 $83,549.09 $348.35 $0.00 $472.40 $84,369.84
154 $84,369.84 $348.35 $0.00 $477.04 $85,195.23
155 $85,195.23 $348.35 $0.00 $481.71 $86,025.29
156 $86,025.29 $348.35 $0.00 $486.40 $86,860.04
157 $86,860.04 $348.35 $0.00 $491.12 $87,699.51
158 $87,699.51 $348.35 $0.00 $495.87 $88,543.73
159 $88,543.73 $348.35 $0.00 $500.64 $89,392.72
160 $89,392.72 $348.35 $0.00 $505.44 $90,246.51
161 $90,246.51 $348.35 $0.00 $510.27 $91,105.13
162 $91,105.13 $348.35 $0.00 $515.12 $91,968.60
163 $91,968.60 $348.35 $0.00 $520.00 $92,836.95
164 $92,836.95 $348.35 $0.00 $524.91 $93,710.21
165 $93,710.21 $348.35 $0.00 $529.85 $94,588.41
166 $94,588.41 $348.35 $0.00 $534.82 $95,471.58
167 $95,471.58 $348.35 $0.00 $539.81 $96,359.74
168 $96,359.74 $348.35 $0.00 $544.83 $97,252.92
169 $97,252.92 $348.35 $0.00 $549.88 $98,151.15
170 $98,151.15 $348.35 $0.00 $554.96 $99,054.46
171 $99,054.46 $348.35 $0.00 $560.07 $99,962.88
172 $99,962.88 $348.35 $0.00 $565.20 $100,876.43
173 $100,876.43 $348.35 $0.00 $570.37 $101,795.15
174 $101,795.15 $348.35 $0.00 $575.56 $102,719.06
175 $102,719.06 $348.35 $0.00 $580.79 $103,648.20
176 $103,648.20 $348.35 $0.00 $586.04 $104,582.59
177 $104,582.59 $348.35 $0.00 $591.33 $105,522.27
178 $105,522.27 $348.35 $0.00 $596.64 $106,467.26
179 $106,467.26 $348.35 $0.00 $601.98 $107,417.59
180 $107,417.59 $348.35 $0.00 $607.35 $108,373.29
181 $108,373.29 $348.35 $0.00 $612.76 $109,334.40
182 $109,334.40 $348.35 $0.00 $618.19 $110,300.94
183 $110,300.94 $348.35 $0.00 $623.66 $111,272.95
184 $111,272.95 $348.35 $0.00 $629.15 $112,250.45
185 $112,250.45 $348.35 $0.00 $634.68 $113,233.48
186 $113,233.48 $348.35 $0.00 $640.24 $114,222.07
187 $114,222.07 $348.35 $0.00 $645.83 $115,216.25
188 $115,216.25 $348.35 $0.00 $651.45 $116,216.05
189 $116,216.05 $348.35 $0.00 $657.10 $117,221.50
190 $117,221.50 $348.35 $0.00 $662.79 $118,232.64
191 $118,232.64 $348.35 $0.00 $668.50 $119,249.49
192 $119,249.49 $348.35 $0.00 $674.25 $120,272.09
193 $120,272.09 $348.35 $0.00 $680.04 $121,300.48
194 $121,300.48 $348.35 $0.00 $685.85 $122,334.68
195 $122,334.68 $348.35 $0.00 $691.70 $123,374.73
196 $123,374.73 $348.35 $0.00 $697.58 $124,420.66
197 $124,420.66 $348.35 $0.00 $703.49 $125,472.50
198 $125,472.50 $348.35 $0.00 $709.44 $126,530.29
199 $126,530.29 $348.35 $0.00 $715.42 $127,594.06
200 $127,594.06 $348.35 $0.00 $721.44 $128,663.85
201 $128,663.85 $348.35 $0.00 $727.48 $129,739.68
202 $129,739.68 $348.35 $0.00 $733.57 $130,821.60
203 $130,821.60 $348.35 $0.00 $739.68 $131,909.63
204 $131,909.63 $348.35 $0.00 $745.84 $133,003.82
205 $133,003.82 $348.35 $0.00 $752.02 $134,104.19
206 $134,104.19 $348.35 $0.00 $758.24 $135,210.78
207 $135,210.78 $348.35 $0.00 $764.50 $136,323.63
208 $136,323.63 $348.35 $0.00 $770.79 $137,442.77
209 $137,442.77 $348.35 $0.00 $777.12 $138,568.24
210 $138,568.24 $348.35 $0.00 $783.48 $139,700.07
211 $139,700.07 $348.35 $0.00 $789.88 $140,838.30
212 $140,838.30 $348.35 $0.00 $796.32 $141,982.97
213 $141,982.97 $348.35 $0.00 $802.79 $143,134.11
214 $143,134.11 $348.35 $0.00 $809.30 $144,291.76
215 $144,291.76 $348.35 $0.00 $815.85 $145,455.96
216 $145,455.96 $348.35 $0.00 $822.43 $146,626.74
217 $146,626.74 $348.35 $40,840.33 $829.05 $106,963.81
218 $106,963.81 $348.35 $0.00 $604.79 $107,916.95
219 $107,916.95 $348.35 $0.00 $610.18 $108,875.48
220 $108,875.48 $348.35 $0.00 $615.60 $109,839.43
221 $109,839.43 $348.35 $0.00 $621.05 $110,808.83
222 $110,808.83 $348.35 $0.00 $626.53 $111,783.71
223 $111,783.71 $348.35 $0.00 $632.04 $112,764.10
224 $112,764.10 $348.35 $0.00 $637.58 $113,750.03
225 $113,750.03 $348.35 $0.00 $643.16 $114,741.54
226 $114,741.54 $348.35 $0.00 $648.77 $115,738.66
227 $115,738.66 $348.35 $0.00 $654.40 $116,741.41
228 $116,741.41 $348.35 $0.00 $660.07 $117,749.83
229 $117,749.83 $348.35 $42,882.34 $665.77 $75,881.61
230 $75,881.61 $348.35 $0.00 $429.05 $76,659.01
231 $76,659.01 $348.35 $0.00 $433.44 $77,440.80
232 $77,440.80 $348.35 $0.00 $437.86 $78,227.01
233 $78,227.01 $348.35 $0.00 $442.31 $79,017.67
234 $79,017.67 $348.35 $0.00 $446.78 $79,812.80
235 $79,812.80 $348.35 $0.00 $451.27 $80,612.42
236 $80,612.42 $348.35 $0.00 $455.79 $81,416.56
237 $81,416.56 $348.35 $0.00 $460.34 $82,225.25
238 $82,225.25 $348.35 $0.00 $464.91 $83,038.51
239 $83,038.51 $348.35 $0.00 $469.51 $83,856.37
240 $83,856.37 $348.35 $0.00 $474.14 $84,678.86
241 $84,678.86 $348.35 $45,026.46 $478.79 $40,479.54
242 $40,479.54 $348.35 $0.00 $228.88 $41,056.77
243 $41,056.77 $348.35 $0.00 $232.14 $41,637.26
244 $41,637.26 $348.35 $0.00 $235.42 $42,221.03
245 $42,221.03 $348.35 $0.00 $238.72 $42,808.10
246 $42,808.10 $348.35 $0.00 $242.04 $43,398.49
247 $43,398.49 $348.35 $0.00 $245.38 $43,992.22
248 $43,992.22 $348.35 $0.00 $248.74 $44,589.31
249 $44,589.31 $348.35 $0.00 $252.11 $45,189.77
250 $45,189.77 $348.35 $0.00 $255.51 $45,793.63
251 $45,793.63 $348.35 $0.00 $258.92 $46,400.90
252 $46,400.90 $348.35 $0.00 $262.36 $47,011.61
253 $47,011.61 $0.00 $47,277.79 $265.81 ($0.37)