Savings Plan and Future Cost Estimation for Southwestern University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$154,503
Monthly savings required$1,223

How much will it cost to send your child to Southwestern University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $618,013.19 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,223.03 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$59,580.00
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 $1,223.03 $0.00 $0.00 $1,223.03
2 $1,223.03 $1,223.03 $0.00 $6.92 $2,452.98
3 $2,452.98 $1,223.03 $0.00 $13.87 $3,689.88
4 $3,689.88 $1,223.03 $0.00 $20.86 $4,933.77
5 $4,933.77 $1,223.03 $0.00 $27.90 $6,184.70
6 $6,184.70 $1,223.03 $0.00 $34.97 $7,442.70
7 $7,442.70 $1,223.03 $0.00 $42.08 $8,707.81
8 $8,707.81 $1,223.03 $0.00 $49.24 $9,980.08
9 $9,980.08 $1,223.03 $0.00 $56.43 $11,259.54
10 $11,259.54 $1,223.03 $0.00 $63.66 $12,546.23
11 $12,546.23 $1,223.03 $0.00 $70.94 $13,840.20
12 $13,840.20 $1,223.03 $0.00 $78.25 $15,141.48
13 $15,141.48 $1,223.03 $0.00 $85.61 $16,450.12
14 $16,450.12 $1,223.03 $0.00 $93.01 $17,766.16
15 $17,766.16 $1,223.03 $0.00 $100.45 $19,089.64
16 $19,089.64 $1,223.03 $0.00 $107.94 $20,420.61
17 $20,420.61 $1,223.03 $0.00 $115.46 $21,759.10
18 $21,759.10 $1,223.03 $0.00 $123.03 $23,105.16
19 $23,105.16 $1,223.03 $0.00 $130.64 $24,458.83
20 $24,458.83 $1,223.03 $0.00 $138.29 $25,820.15
21 $25,820.15 $1,223.03 $0.00 $145.99 $27,189.17
22 $27,189.17 $1,223.03 $0.00 $153.73 $28,565.93
23 $28,565.93 $1,223.03 $0.00 $161.52 $29,950.48
24 $29,950.48 $1,223.03 $0.00 $169.34 $31,342.85
25 $31,342.85 $1,223.03 $0.00 $177.22 $32,743.10
26 $32,743.10 $1,223.03 $0.00 $185.13 $34,151.26
27 $34,151.26 $1,223.03 $0.00 $193.10 $35,567.39
28 $35,567.39 $1,223.03 $0.00 $201.10 $36,991.52
29 $36,991.52 $1,223.03 $0.00 $209.16 $38,423.71
30 $38,423.71 $1,223.03 $0.00 $217.25 $39,863.99
31 $39,863.99 $1,223.03 $0.00 $225.40 $41,312.42
32 $41,312.42 $1,223.03 $0.00 $233.59 $42,769.04
33 $42,769.04 $1,223.03 $0.00 $241.82 $44,233.89
34 $44,233.89 $1,223.03 $0.00 $250.10 $45,707.02
35 $45,707.02 $1,223.03 $0.00 $258.43 $47,188.48
36 $47,188.48 $1,223.03 $0.00 $266.81 $48,678.32
37 $48,678.32 $1,223.03 $0.00 $275.23 $50,176.58
38 $50,176.58 $1,223.03 $0.00 $283.71 $51,683.32
39 $51,683.32 $1,223.03 $0.00 $292.23 $53,198.58
40 $53,198.58 $1,223.03 $0.00 $300.79 $54,722.40
41 $54,722.40 $1,223.03 $0.00 $309.41 $56,254.84
42 $56,254.84 $1,223.03 $0.00 $318.07 $57,795.94
43 $57,795.94 $1,223.03 $0.00 $326.79 $59,345.76
44 $59,345.76 $1,223.03 $0.00 $335.55 $60,904.34
45 $60,904.34 $1,223.03 $0.00 $344.36 $62,471.73
46 $62,471.73 $1,223.03 $0.00 $353.22 $64,047.98
47 $64,047.98 $1,223.03 $0.00 $362.14 $65,633.15
48 $65,633.15 $1,223.03 $0.00 $371.10 $67,227.28
49 $67,227.28 $1,223.03 $0.00 $380.11 $68,830.42
50 $68,830.42 $1,223.03 $0.00 $389.18 $70,442.63
51 $70,442.63 $1,223.03 $0.00 $398.29 $72,063.95
52 $72,063.95 $1,223.03 $0.00 $407.46 $73,694.44
53 $73,694.44 $1,223.03 $0.00 $416.68 $75,334.15
54 $75,334.15 $1,223.03 $0.00 $425.95 $76,983.13
55 $76,983.13 $1,223.03 $0.00 $435.27 $78,641.43
56 $78,641.43 $1,223.03 $0.00 $444.65 $80,309.11
57 $80,309.11 $1,223.03 $0.00 $454.08 $81,986.22
58 $81,986.22 $1,223.03 $0.00 $463.56 $83,672.81
59 $83,672.81 $1,223.03 $0.00 $473.10 $85,368.94
60 $85,368.94 $1,223.03 $0.00 $482.69 $87,074.66
61 $87,074.66 $1,223.03 $0.00 $492.33 $88,790.02
62 $88,790.02 $1,223.03 $0.00 $502.03 $90,515.08
63 $90,515.08 $1,223.03 $0.00 $511.79 $92,249.90
64 $92,249.90 $1,223.03 $0.00 $521.59 $93,994.52
65 $93,994.52 $1,223.03 $0.00 $531.46 $95,749.01
66 $95,749.01 $1,223.03 $0.00 $541.38 $97,513.42
67 $97,513.42 $1,223.03 $0.00 $551.36 $99,287.81
68 $99,287.81 $1,223.03 $0.00 $561.39 $101,072.23
69 $101,072.23 $1,223.03 $0.00 $571.48 $102,866.74
70 $102,866.74 $1,223.03 $0.00 $581.62 $104,671.39
71 $104,671.39 $1,223.03 $0.00 $591.83 $106,486.25
72 $106,486.25 $1,223.03 $0.00 $602.09 $108,311.37
73 $108,311.37 $1,223.03 $0.00 $612.41 $110,146.81
74 $110,146.81 $1,223.03 $0.00 $622.79 $111,992.63
75 $111,992.63 $1,223.03 $0.00 $633.22 $113,848.88
76 $113,848.88 $1,223.03 $0.00 $643.72 $115,715.63
77 $115,715.63 $1,223.03 $0.00 $654.27 $117,592.93
78 $117,592.93 $1,223.03 $0.00 $664.89 $119,480.85
79 $119,480.85 $1,223.03 $0.00 $675.56 $121,379.44
80 $121,379.44 $1,223.03 $0.00 $686.30 $123,288.77
81 $123,288.77 $1,223.03 $0.00 $697.09 $125,208.89
82 $125,208.89 $1,223.03 $0.00 $707.95 $127,139.87
83 $127,139.87 $1,223.03 $0.00 $718.87 $129,081.77
84 $129,081.77 $1,223.03 $0.00 $729.85 $131,034.65
85 $131,034.65 $1,223.03 $0.00 $740.89 $132,998.57
86 $132,998.57 $1,223.03 $0.00 $751.99 $134,973.59
87 $134,973.59 $1,223.03 $0.00 $763.16 $136,959.78
88 $136,959.78 $1,223.03 $0.00 $774.39 $138,957.20
89 $138,957.20 $1,223.03 $0.00 $785.68 $140,965.91
90 $140,965.91 $1,223.03 $0.00 $797.04 $142,985.98
91 $142,985.98 $1,223.03 $0.00 $808.46 $145,017.47
92 $145,017.47 $1,223.03 $0.00 $819.95 $147,060.45
93 $147,060.45 $1,223.03 $0.00 $831.50 $149,114.98
94 $149,114.98 $1,223.03 $0.00 $843.12 $151,181.13
95 $151,181.13 $1,223.03 $0.00 $854.80 $153,258.96
96 $153,258.96 $1,223.03 $0.00 $866.55 $155,348.54
97 $155,348.54 $1,223.03 $0.00 $878.36 $157,449.93
98 $157,449.93 $1,223.03 $0.00 $890.24 $159,563.20
99 $159,563.20 $1,223.03 $0.00 $902.19 $161,688.42
100 $161,688.42 $1,223.03 $0.00 $914.21 $163,825.66
101 $163,825.66 $1,223.03 $0.00 $926.29 $165,974.98
102 $165,974.98 $1,223.03 $0.00 $938.45 $168,136.46
103 $168,136.46 $1,223.03 $0.00 $950.67 $170,310.16
104 $170,310.16 $1,223.03 $0.00 $962.96 $172,496.15
105 $172,496.15 $1,223.03 $0.00 $975.32 $174,694.50
106 $174,694.50 $1,223.03 $0.00 $987.75 $176,905.28
107 $176,905.28 $1,223.03 $0.00 $1,000.25 $179,128.56
108 $179,128.56 $1,223.03 $0.00 $1,012.82 $181,364.41
109 $181,364.41 $1,223.03 $0.00 $1,025.46 $183,612.90
110 $183,612.90 $1,223.03 $0.00 $1,038.17 $185,874.10
111 $185,874.10 $1,223.03 $0.00 $1,050.96 $188,148.09
112 $188,148.09 $1,223.03 $0.00 $1,063.82 $190,434.94
113 $190,434.94 $1,223.03 $0.00 $1,076.75 $192,734.72
114 $192,734.72 $1,223.03 $0.00 $1,089.75 $195,047.50
115 $195,047.50 $1,223.03 $0.00 $1,102.83 $197,373.36
116 $197,373.36 $1,223.03 $0.00 $1,115.98 $199,712.37
117 $199,712.37 $1,223.03 $0.00 $1,129.20 $202,064.60
118 $202,064.60 $1,223.03 $0.00 $1,142.50 $204,430.13
119 $204,430.13 $1,223.03 $0.00 $1,155.88 $206,809.04
120 $206,809.04 $1,223.03 $0.00 $1,169.33 $209,201.40
121 $209,201.40 $1,223.03 $0.00 $1,182.86 $211,607.29
122 $211,607.29 $1,223.03 $0.00 $1,196.46 $214,026.78
123 $214,026.78 $1,223.03 $0.00 $1,210.14 $216,459.95
124 $216,459.95 $1,223.03 $0.00 $1,223.90 $218,906.88
125 $218,906.88 $1,223.03 $0.00 $1,237.73 $221,367.64
126 $221,367.64 $1,223.03 $0.00 $1,251.64 $223,842.31
127 $223,842.31 $1,223.03 $0.00 $1,265.64 $226,330.98
128 $226,330.98 $1,223.03 $0.00 $1,279.71 $228,833.72
129 $228,833.72 $1,223.03 $0.00 $1,293.86 $231,350.61
130 $231,350.61 $1,223.03 $0.00 $1,308.09 $233,881.73
131 $233,881.73 $1,223.03 $0.00 $1,322.40 $236,427.16
132 $236,427.16 $1,223.03 $0.00 $1,336.79 $238,986.98
133 $238,986.98 $1,223.03 $0.00 $1,351.27 $241,561.28
134 $241,561.28 $1,223.03 $0.00 $1,365.82 $244,150.13
135 $244,150.13 $1,223.03 $0.00 $1,380.46 $246,753.62
136 $246,753.62 $1,223.03 $0.00 $1,395.18 $249,371.83
137 $249,371.83 $1,223.03 $0.00 $1,409.98 $252,004.84
138 $252,004.84 $1,223.03 $0.00 $1,424.87 $254,652.74
139 $254,652.74 $1,223.03 $0.00 $1,439.84 $257,315.61
140 $257,315.61 $1,223.03 $0.00 $1,454.90 $259,993.54
141 $259,993.54 $1,223.03 $0.00 $1,470.04 $262,686.61
142 $262,686.61 $1,223.03 $0.00 $1,485.27 $265,394.91
143 $265,394.91 $1,223.03 $0.00 $1,500.58 $268,118.52
144 $268,118.52 $1,223.03 $0.00 $1,515.98 $270,857.53
145 $270,857.53 $1,223.03 $0.00 $1,531.47 $273,612.03
146 $273,612.03 $1,223.03 $0.00 $1,547.04 $276,382.10
147 $276,382.10 $1,223.03 $0.00 $1,562.70 $279,167.83
148 $279,167.83 $1,223.03 $0.00 $1,578.46 $281,969.32
149 $281,969.32 $1,223.03 $0.00 $1,594.30 $284,786.65
150 $284,786.65 $1,223.03 $0.00 $1,610.23 $287,619.91
151 $287,619.91 $1,223.03 $0.00 $1,626.24 $290,469.18
152 $290,469.18 $1,223.03 $0.00 $1,642.35 $293,334.56
153 $293,334.56 $1,223.03 $0.00 $1,658.56 $296,216.15
154 $296,216.15 $1,223.03 $0.00 $1,674.85 $299,114.03
155 $299,114.03 $1,223.03 $0.00 $1,691.23 $302,028.29
156 $302,028.29 $1,223.03 $0.00 $1,707.71 $304,959.03
157 $304,959.03 $1,223.03 $0.00 $1,724.28 $307,906.34
158 $307,906.34 $1,223.03 $0.00 $1,740.95 $310,870.32
159 $310,870.32 $1,223.03 $0.00 $1,757.71 $313,851.06
160 $313,851.06 $1,223.03 $0.00 $1,774.56 $316,848.65
161 $316,848.65 $1,223.03 $0.00 $1,791.51 $319,863.19
162 $319,863.19 $1,223.03 $0.00 $1,808.55 $322,894.77
163 $322,894.77 $1,223.03 $0.00 $1,825.69 $325,943.49
164 $325,943.49 $1,223.03 $0.00 $1,842.93 $329,009.45
165 $329,009.45 $1,223.03 $0.00 $1,860.27 $332,092.75
166 $332,092.75 $1,223.03 $0.00 $1,877.70 $335,193.48
167 $335,193.48 $1,223.03 $0.00 $1,895.23 $338,311.74
168 $338,311.74 $1,223.03 $0.00 $1,912.86 $341,447.63
169 $341,447.63 $1,223.03 $0.00 $1,930.59 $344,601.25
170 $344,601.25 $1,223.03 $0.00 $1,948.43 $347,772.71
171 $347,772.71 $1,223.03 $0.00 $1,966.36 $350,962.10
172 $350,962.10 $1,223.03 $0.00 $1,984.39 $354,169.52
173 $354,169.52 $1,223.03 $0.00 $2,002.53 $357,395.08
174 $357,395.08 $1,223.03 $0.00 $2,020.76 $360,638.87
175 $360,638.87 $1,223.03 $0.00 $2,039.10 $363,901.00
176 $363,901.00 $1,223.03 $0.00 $2,057.55 $367,181.58
177 $367,181.58 $1,223.03 $0.00 $2,076.10 $370,480.71
178 $370,480.71 $1,223.03 $0.00 $2,094.75 $373,798.49
179 $373,798.49 $1,223.03 $0.00 $2,113.51 $377,135.03
180 $377,135.03 $1,223.03 $0.00 $2,132.38 $380,490.44
181 $380,490.44 $1,223.03 $0.00 $2,151.35 $383,864.82
182 $383,864.82 $1,223.03 $0.00 $2,170.43 $387,258.28
183 $387,258.28 $1,223.03 $0.00 $2,189.61 $390,670.92
184 $390,670.92 $1,223.03 $0.00 $2,208.91 $394,102.86
185 $394,102.86 $1,223.03 $0.00 $2,228.31 $397,554.20
186 $397,554.20 $1,223.03 $0.00 $2,247.83 $401,025.06
187 $401,025.06 $1,223.03 $0.00 $2,267.45 $404,515.54
188 $404,515.54 $1,223.03 $0.00 $2,287.19 $408,025.76
189 $408,025.76 $1,223.03 $0.00 $2,307.04 $411,555.83
190 $411,555.83 $1,223.03 $0.00 $2,327.00 $415,105.86
191 $415,105.86 $1,223.03 $0.00 $2,347.07 $418,675.96
192 $418,675.96 $1,223.03 $0.00 $2,367.25 $422,266.24
193 $422,266.24 $1,223.03 $0.00 $2,387.55 $425,876.82
194 $425,876.82 $1,223.03 $0.00 $2,407.97 $429,507.82
195 $429,507.82 $1,223.03 $0.00 $2,428.50 $433,159.35
196 $433,159.35 $1,223.03 $0.00 $2,449.15 $436,831.53
197 $436,831.53 $1,223.03 $0.00 $2,469.91 $440,524.47
198 $440,524.47 $1,223.03 $0.00 $2,490.79 $444,238.29
199 $444,238.29 $1,223.03 $0.00 $2,511.79 $447,973.11
200 $447,973.11 $1,223.03 $0.00 $2,532.91 $451,729.05
201 $451,729.05 $1,223.03 $0.00 $2,554.14 $455,506.22
202 $455,506.22 $1,223.03 $0.00 $2,575.50 $459,304.75
203 $459,304.75 $1,223.03 $0.00 $2,596.98 $463,124.76
204 $463,124.76 $1,223.03 $0.00 $2,618.57 $466,966.36
205 $466,966.36 $1,223.03 $0.00 $2,640.30 $470,829.69
206 $470,829.69 $1,223.03 $0.00 $2,662.14 $474,714.86
207 $474,714.86 $1,223.03 $0.00 $2,684.11 $478,622.00
208 $478,622.00 $1,223.03 $0.00 $2,706.20 $482,551.23
209 $482,551.23 $1,223.03 $0.00 $2,728.41 $486,502.67
210 $486,502.67 $1,223.03 $0.00 $2,750.76 $490,476.46
211 $490,476.46 $1,223.03 $0.00 $2,773.23 $494,472.72
212 $494,472.72 $1,223.03 $0.00 $2,795.82 $498,491.57
213 $498,491.57 $1,223.03 $0.00 $2,818.54 $502,533.14
214 $502,533.14 $1,223.03 $0.00 $2,841.40 $506,597.57
215 $506,597.57 $1,223.03 $0.00 $2,864.38 $510,684.98
216 $510,684.98 $1,223.03 $0.00 $2,887.49 $514,795.50
217 $514,795.50 $1,223.03 $143,386.37 $2,910.73 $375,542.89
218 $375,542.89 $1,223.03 $0.00 $2,123.37 $378,889.29
219 $378,889.29 $1,223.03 $0.00 $2,142.30 $382,254.62
220 $382,254.62 $1,223.03 $0.00 $2,161.32 $385,638.97
221 $385,638.97 $1,223.03 $0.00 $2,180.46 $389,042.46
222 $389,042.46 $1,223.03 $0.00 $2,199.70 $392,465.19
223 $392,465.19 $1,223.03 $0.00 $2,219.06 $395,907.28
224 $395,907.28 $1,223.03 $0.00 $2,238.52 $399,368.83
225 $399,368.83 $1,223.03 $0.00 $2,258.09 $402,849.95
226 $402,849.95 $1,223.03 $0.00 $2,277.77 $406,350.75
227 $406,350.75 $1,223.03 $0.00 $2,297.57 $409,871.35
228 $409,871.35 $1,223.03 $0.00 $2,317.47 $413,411.85
229 $413,411.85 $1,223.03 $150,555.69 $2,337.49 $266,416.68
230 $266,416.68 $1,223.03 $0.00 $1,506.36 $269,146.07
231 $269,146.07 $1,223.03 $0.00 $1,521.79 $271,890.89
232 $271,890.89 $1,223.03 $0.00 $1,537.31 $274,651.23
233 $274,651.23 $1,223.03 $0.00 $1,552.92 $277,427.18
234 $277,427.18 $1,223.03 $0.00 $1,568.61 $280,218.82
235 $280,218.82 $1,223.03 $0.00 $1,584.40 $283,026.25
236 $283,026.25 $1,223.03 $0.00 $1,600.27 $285,849.55
237 $285,849.55 $1,223.03 $0.00 $1,616.23 $288,688.81
238 $288,688.81 $1,223.03 $0.00 $1,632.29 $291,544.13
239 $291,544.13 $1,223.03 $0.00 $1,648.43 $294,415.59
240 $294,415.59 $1,223.03 $0.00 $1,664.67 $297,303.29
241 $297,303.29 $1,223.03 $158,083.48 $1,681.00 $142,123.84
242 $142,123.84 $1,223.03 $0.00 $803.59 $144,150.46
243 $144,150.46 $1,223.03 $0.00 $815.05 $146,188.54
244 $146,188.54 $1,223.03 $0.00 $826.57 $148,238.14
245 $148,238.14 $1,223.03 $0.00 $838.16 $150,299.33
246 $150,299.33 $1,223.03 $0.00 $849.81 $152,372.17
247 $152,372.17 $1,223.03 $0.00 $861.53 $154,456.73
248 $154,456.73 $1,223.03 $0.00 $873.32 $156,553.08
249 $156,553.08 $1,223.03 $0.00 $885.17 $158,661.28
250 $158,661.28 $1,223.03 $0.00 $897.09 $160,781.40
251 $160,781.40 $1,223.03 $0.00 $909.08 $162,913.51
252 $162,913.51 $1,223.03 $0.00 $921.14 $165,057.68
253 $165,057.68 $0.00 $165,987.65 $933.26 $3.29