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 2041$160,053
Monthly savings required$1,267

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 $640,211.05 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,266.95 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$61,720.00
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 $1,266.95 $0.00 $0.00 $1,266.95
2 $1,266.95 $1,266.95 $0.00 $7.16 $2,541.06
3 $2,541.06 $1,266.95 $0.00 $14.37 $3,822.38
4 $3,822.38 $1,266.95 $0.00 $21.61 $5,110.94
5 $5,110.94 $1,266.95 $0.00 $28.90 $6,406.79
6 $6,406.79 $1,266.95 $0.00 $36.22 $7,709.96
7 $7,709.96 $1,266.95 $0.00 $43.59 $9,020.50
8 $9,020.50 $1,266.95 $0.00 $51.00 $10,338.45
9 $10,338.45 $1,266.95 $0.00 $58.46 $11,663.86
10 $11,663.86 $1,266.95 $0.00 $65.95 $12,996.76
11 $12,996.76 $1,266.95 $0.00 $73.49 $14,337.20
12 $14,337.20 $1,266.95 $0.00 $81.06 $15,685.21
13 $15,685.21 $1,266.95 $0.00 $88.69 $17,040.85
14 $17,040.85 $1,266.95 $0.00 $96.35 $18,404.15
15 $18,404.15 $1,266.95 $0.00 $104.06 $19,775.16
16 $19,775.16 $1,266.95 $0.00 $111.81 $21,153.92
17 $21,153.92 $1,266.95 $0.00 $119.61 $22,540.48
18 $22,540.48 $1,266.95 $0.00 $127.45 $23,934.88
19 $23,934.88 $1,266.95 $0.00 $135.33 $25,337.16
20 $25,337.16 $1,266.95 $0.00 $143.26 $26,747.37
21 $26,747.37 $1,266.95 $0.00 $151.23 $28,165.55
22 $28,165.55 $1,266.95 $0.00 $159.25 $29,591.75
23 $29,591.75 $1,266.95 $0.00 $167.32 $31,026.02
24 $31,026.02 $1,266.95 $0.00 $175.43 $32,468.40
25 $32,468.40 $1,266.95 $0.00 $183.58 $33,918.93
26 $33,918.93 $1,266.95 $0.00 $191.78 $35,377.66
27 $35,377.66 $1,266.95 $0.00 $200.03 $36,844.64
28 $36,844.64 $1,266.95 $0.00 $208.32 $38,319.91
29 $38,319.91 $1,266.95 $0.00 $216.67 $39,803.53
30 $39,803.53 $1,266.95 $0.00 $225.05 $41,295.53
31 $41,295.53 $1,266.95 $0.00 $233.49 $42,795.97
32 $42,795.97 $1,266.95 $0.00 $241.97 $44,304.89
33 $44,304.89 $1,266.95 $0.00 $250.51 $45,822.35
34 $45,822.35 $1,266.95 $0.00 $259.09 $47,348.39
35 $47,348.39 $1,266.95 $0.00 $267.71 $48,883.05
36 $48,883.05 $1,266.95 $0.00 $276.39 $50,426.39
37 $50,426.39 $1,266.95 $0.00 $285.12 $51,978.46
38 $51,978.46 $1,266.95 $0.00 $293.89 $53,539.30
39 $53,539.30 $1,266.95 $0.00 $302.72 $55,108.97
40 $55,108.97 $1,266.95 $0.00 $311.59 $56,687.51
41 $56,687.51 $1,266.95 $0.00 $320.52 $58,274.98
42 $58,274.98 $1,266.95 $0.00 $329.50 $59,871.43
43 $59,871.43 $1,266.95 $0.00 $338.52 $61,476.90
44 $61,476.90 $1,266.95 $0.00 $347.60 $63,091.45
45 $63,091.45 $1,266.95 $0.00 $356.73 $64,715.13
46 $64,715.13 $1,266.95 $0.00 $365.91 $66,347.99
47 $66,347.99 $1,266.95 $0.00 $375.14 $67,990.08
48 $67,990.08 $1,266.95 $0.00 $384.43 $69,641.46
49 $69,641.46 $1,266.95 $0.00 $393.76 $71,302.17
50 $71,302.17 $1,266.95 $0.00 $403.15 $72,972.27
51 $72,972.27 $1,266.95 $0.00 $412.60 $74,651.82
52 $74,651.82 $1,266.95 $0.00 $422.09 $76,340.86
53 $76,340.86 $1,266.95 $0.00 $431.64 $78,039.45
54 $78,039.45 $1,266.95 $0.00 $441.25 $79,747.65
55 $79,747.65 $1,266.95 $0.00 $450.90 $81,465.50
56 $81,465.50 $1,266.95 $0.00 $460.62 $83,193.07
57 $83,193.07 $1,266.95 $0.00 $470.39 $84,930.41
58 $84,930.41 $1,266.95 $0.00 $480.21 $86,677.57
59 $86,677.57 $1,266.95 $0.00 $490.09 $88,434.61
60 $88,434.61 $1,266.95 $0.00 $500.02 $90,201.58
61 $90,201.58 $1,266.95 $0.00 $510.01 $91,978.54
62 $91,978.54 $1,266.95 $0.00 $520.06 $93,765.55
63 $93,765.55 $1,266.95 $0.00 $530.16 $95,562.66
64 $95,562.66 $1,266.95 $0.00 $540.33 $97,369.94
65 $97,369.94 $1,266.95 $0.00 $550.54 $99,187.43
66 $99,187.43 $1,266.95 $0.00 $560.82 $101,015.20
67 $101,015.20 $1,266.95 $0.00 $571.15 $102,853.30
68 $102,853.30 $1,266.95 $0.00 $581.55 $104,701.80
69 $104,701.80 $1,266.95 $0.00 $592.00 $106,560.75
70 $106,560.75 $1,266.95 $0.00 $602.51 $108,430.21
71 $108,430.21 $1,266.95 $0.00 $613.08 $110,310.24
72 $110,310.24 $1,266.95 $0.00 $623.71 $112,200.90
73 $112,200.90 $1,266.95 $0.00 $634.40 $114,102.25
74 $114,102.25 $1,266.95 $0.00 $645.15 $116,014.35
75 $116,014.35 $1,266.95 $0.00 $655.96 $117,937.26
76 $117,937.26 $1,266.95 $0.00 $666.83 $119,871.04
77 $119,871.04 $1,266.95 $0.00 $677.77 $121,815.76
78 $121,815.76 $1,266.95 $0.00 $688.76 $123,771.47
79 $123,771.47 $1,266.95 $0.00 $699.82 $125,738.24
80 $125,738.24 $1,266.95 $0.00 $710.94 $127,716.13
81 $127,716.13 $1,266.95 $0.00 $722.13 $129,705.21
82 $129,705.21 $1,266.95 $0.00 $733.37 $131,705.53
83 $131,705.53 $1,266.95 $0.00 $744.68 $133,717.16
84 $133,717.16 $1,266.95 $0.00 $756.06 $135,740.17
85 $135,740.17 $1,266.95 $0.00 $767.49 $137,774.61
86 $137,774.61 $1,266.95 $0.00 $779.00 $139,820.56
87 $139,820.56 $1,266.95 $0.00 $790.57 $141,878.08
88 $141,878.08 $1,266.95 $0.00 $802.20 $143,947.23
89 $143,947.23 $1,266.95 $0.00 $813.90 $146,028.08
90 $146,028.08 $1,266.95 $0.00 $825.66 $148,120.69
91 $148,120.69 $1,266.95 $0.00 $837.50 $150,225.14
92 $150,225.14 $1,266.95 $0.00 $849.39 $152,341.48
93 $152,341.48 $1,266.95 $0.00 $861.36 $154,469.79
94 $154,469.79 $1,266.95 $0.00 $873.39 $156,610.13
95 $156,610.13 $1,266.95 $0.00 $885.50 $158,762.58
96 $158,762.58 $1,266.95 $0.00 $897.67 $160,927.20
97 $160,927.20 $1,266.95 $0.00 $909.91 $163,104.06
98 $163,104.06 $1,266.95 $0.00 $922.21 $165,293.22
99 $165,293.22 $1,266.95 $0.00 $934.59 $167,494.76
100 $167,494.76 $1,266.95 $0.00 $947.04 $169,708.75
101 $169,708.75 $1,266.95 $0.00 $959.56 $171,935.26
102 $171,935.26 $1,266.95 $0.00 $972.15 $174,174.36
103 $174,174.36 $1,266.95 $0.00 $984.81 $176,426.12
104 $176,426.12 $1,266.95 $0.00 $997.54 $178,690.61
105 $178,690.61 $1,266.95 $0.00 $1,010.34 $180,967.90
106 $180,967.90 $1,266.95 $0.00 $1,023.22 $183,258.07
107 $183,258.07 $1,266.95 $0.00 $1,036.17 $185,561.19
108 $185,561.19 $1,266.95 $0.00 $1,049.19 $187,877.33
109 $187,877.33 $1,266.95 $0.00 $1,062.29 $190,206.57
110 $190,206.57 $1,266.95 $0.00 $1,075.46 $192,548.98
111 $192,548.98 $1,266.95 $0.00 $1,088.70 $194,904.63
112 $194,904.63 $1,266.95 $0.00 $1,102.02 $197,273.60
113 $197,273.60 $1,266.95 $0.00 $1,115.41 $199,655.96
114 $199,655.96 $1,266.95 $0.00 $1,128.88 $202,051.79
115 $202,051.79 $1,266.95 $0.00 $1,142.43 $204,461.17
116 $204,461.17 $1,266.95 $0.00 $1,156.05 $206,884.17
117 $206,884.17 $1,266.95 $0.00 $1,169.75 $209,320.87
118 $209,320.87 $1,266.95 $0.00 $1,183.53 $211,771.35
119 $211,771.35 $1,266.95 $0.00 $1,197.39 $214,235.69
120 $214,235.69 $1,266.95 $0.00 $1,211.32 $216,713.96
121 $216,713.96 $1,266.95 $0.00 $1,225.33 $219,206.24
122 $219,206.24 $1,266.95 $0.00 $1,239.42 $221,712.61
123 $221,712.61 $1,266.95 $0.00 $1,253.60 $224,233.16
124 $224,233.16 $1,266.95 $0.00 $1,267.85 $226,767.96
125 $226,767.96 $1,266.95 $0.00 $1,282.18 $229,317.09
126 $229,317.09 $1,266.95 $0.00 $1,296.59 $231,880.63
127 $231,880.63 $1,266.95 $0.00 $1,311.09 $234,458.67
128 $234,458.67 $1,266.95 $0.00 $1,325.66 $237,051.28
129 $237,051.28 $1,266.95 $0.00 $1,340.32 $239,658.55
130 $239,658.55 $1,266.95 $0.00 $1,355.06 $242,280.56
131 $242,280.56 $1,266.95 $0.00 $1,369.89 $244,917.40
132 $244,917.40 $1,266.95 $0.00 $1,384.80 $247,569.15
133 $247,569.15 $1,266.95 $0.00 $1,399.79 $250,235.89
134 $250,235.89 $1,266.95 $0.00 $1,414.87 $252,917.71
135 $252,917.71 $1,266.95 $0.00 $1,430.03 $255,614.69
136 $255,614.69 $1,266.95 $0.00 $1,445.28 $258,326.92
137 $258,326.92 $1,266.95 $0.00 $1,460.62 $261,054.49
138 $261,054.49 $1,266.95 $0.00 $1,476.04 $263,797.48
139 $263,797.48 $1,266.95 $0.00 $1,491.55 $266,555.98
140 $266,555.98 $1,266.95 $0.00 $1,507.15 $269,330.08
141 $269,330.08 $1,266.95 $0.00 $1,522.83 $272,119.86
142 $272,119.86 $1,266.95 $0.00 $1,538.61 $274,925.42
143 $274,925.42 $1,266.95 $0.00 $1,554.47 $277,746.84
144 $277,746.84 $1,266.95 $0.00 $1,570.42 $280,584.21
145 $280,584.21 $1,266.95 $0.00 $1,586.46 $283,437.62
146 $283,437.62 $1,266.95 $0.00 $1,602.60 $286,307.17
147 $286,307.17 $1,266.95 $0.00 $1,618.82 $289,192.94
148 $289,192.94 $1,266.95 $0.00 $1,635.14 $292,095.03
149 $292,095.03 $1,266.95 $0.00 $1,651.55 $295,013.53
150 $295,013.53 $1,266.95 $0.00 $1,668.05 $297,948.53
151 $297,948.53 $1,266.95 $0.00 $1,684.64 $300,900.12
152 $300,900.12 $1,266.95 $0.00 $1,701.33 $303,868.40
153 $303,868.40 $1,266.95 $0.00 $1,718.12 $306,853.47
154 $306,853.47 $1,266.95 $0.00 $1,734.99 $309,855.41
155 $309,855.41 $1,266.95 $0.00 $1,751.97 $312,874.33
156 $312,874.33 $1,266.95 $0.00 $1,769.04 $315,910.32
157 $315,910.32 $1,266.95 $0.00 $1,786.20 $318,963.47
158 $318,963.47 $1,266.95 $0.00 $1,803.47 $322,033.89
159 $322,033.89 $1,266.95 $0.00 $1,820.83 $325,121.67
160 $325,121.67 $1,266.95 $0.00 $1,838.29 $328,226.91
161 $328,226.91 $1,266.95 $0.00 $1,855.84 $331,349.70
162 $331,349.70 $1,266.95 $0.00 $1,873.50 $334,490.15
163 $334,490.15 $1,266.95 $0.00 $1,891.26 $337,648.36
164 $337,648.36 $1,266.95 $0.00 $1,909.11 $340,824.42
165 $340,824.42 $1,266.95 $0.00 $1,927.07 $344,018.44
166 $344,018.44 $1,266.95 $0.00 $1,945.13 $347,230.52
167 $347,230.52 $1,266.95 $0.00 $1,963.29 $350,460.76
168 $350,460.76 $1,266.95 $0.00 $1,981.56 $353,709.27
169 $353,709.27 $1,266.95 $0.00 $1,999.92 $356,976.14
170 $356,976.14 $1,266.95 $0.00 $2,018.39 $360,261.48
171 $360,261.48 $1,266.95 $0.00 $2,036.97 $363,565.40
172 $363,565.40 $1,266.95 $0.00 $2,055.65 $366,888.00
173 $366,888.00 $1,266.95 $0.00 $2,074.44 $370,229.39
174 $370,229.39 $1,266.95 $0.00 $2,093.33 $373,589.67
175 $373,589.67 $1,266.95 $0.00 $2,112.33 $376,968.95
176 $376,968.95 $1,266.95 $0.00 $2,131.44 $380,367.34
177 $380,367.34 $1,266.95 $0.00 $2,150.65 $383,784.94
178 $383,784.94 $1,266.95 $0.00 $2,169.98 $387,221.87
179 $387,221.87 $1,266.95 $0.00 $2,189.41 $390,678.23
180 $390,678.23 $1,266.95 $0.00 $2,208.95 $394,154.13
181 $394,154.13 $1,266.95 $0.00 $2,228.60 $397,649.68
182 $397,649.68 $1,266.95 $0.00 $2,248.37 $401,165.00
183 $401,165.00 $1,266.95 $0.00 $2,268.25 $404,700.20
184 $404,700.20 $1,266.95 $0.00 $2,288.23 $408,255.38
185 $408,255.38 $1,266.95 $0.00 $2,308.34 $411,830.67
186 $411,830.67 $1,266.95 $0.00 $2,328.55 $415,426.17
187 $415,426.17 $1,266.95 $0.00 $2,348.88 $419,042.00
188 $419,042.00 $1,266.95 $0.00 $2,369.32 $422,678.27
189 $422,678.27 $1,266.95 $0.00 $2,389.88 $426,335.10
190 $426,335.10 $1,266.95 $0.00 $2,410.56 $430,012.61
191 $430,012.61 $1,266.95 $0.00 $2,431.35 $433,710.91
192 $433,710.91 $1,266.95 $0.00 $2,452.26 $437,430.12
193 $437,430.12 $1,266.95 $0.00 $2,473.29 $441,170.36
194 $441,170.36 $1,266.95 $0.00 $2,494.44 $444,931.75
195 $444,931.75 $1,266.95 $0.00 $2,515.71 $448,714.41
196 $448,714.41 $1,266.95 $0.00 $2,537.10 $452,518.46
197 $452,518.46 $1,266.95 $0.00 $2,558.61 $456,344.02
198 $456,344.02 $1,266.95 $0.00 $2,580.24 $460,191.21
199 $460,191.21 $1,266.95 $0.00 $2,601.99 $464,060.15
200 $464,060.15 $1,266.95 $0.00 $2,623.86 $467,950.96
201 $467,950.96 $1,266.95 $0.00 $2,645.86 $471,863.77
202 $471,863.77 $1,266.95 $0.00 $2,667.99 $475,798.71
203 $475,798.71 $1,266.95 $0.00 $2,690.24 $479,755.90
204 $479,755.90 $1,266.95 $0.00 $2,712.61 $483,735.46
205 $483,735.46 $1,266.95 $0.00 $2,735.11 $487,737.52
206 $487,737.52 $1,266.95 $0.00 $2,757.74 $491,762.21
207 $491,762.21 $1,266.95 $0.00 $2,780.50 $495,809.66
208 $495,809.66 $1,266.95 $0.00 $2,803.38 $499,879.99
209 $499,879.99 $1,266.95 $0.00 $2,826.39 $503,973.33
210 $503,973.33 $1,266.95 $0.00 $2,849.54 $508,089.82
211 $508,089.82 $1,266.95 $0.00 $2,872.81 $512,229.58
212 $512,229.58 $1,266.95 $0.00 $2,896.22 $516,392.75
213 $516,392.75 $1,266.95 $0.00 $2,919.76 $520,579.46
214 $520,579.46 $1,266.95 $0.00 $2,943.43 $524,789.84
215 $524,789.84 $1,266.95 $0.00 $2,967.24 $529,024.03
216 $529,024.03 $1,266.95 $0.00 $2,991.18 $533,282.16
217 $533,282.16 $1,266.95 $148,536.54 $3,015.25 $389,027.82
218 $389,027.82 $1,266.95 $0.00 $2,199.62 $392,494.39
219 $392,494.39 $1,266.95 $0.00 $2,219.22 $395,980.56
220 $395,980.56 $1,266.95 $0.00 $2,238.93 $399,486.44
221 $399,486.44 $1,266.95 $0.00 $2,258.75 $403,012.14
222 $403,012.14 $1,266.95 $0.00 $2,278.69 $406,557.78
223 $406,557.78 $1,266.95 $0.00 $2,298.74 $410,123.47
224 $410,123.47 $1,266.95 $0.00 $2,318.90 $413,709.32
225 $413,709.32 $1,266.95 $0.00 $2,339.17 $417,315.44
226 $417,315.44 $1,266.95 $0.00 $2,359.56 $420,941.95
227 $420,941.95 $1,266.95 $0.00 $2,380.07 $424,588.97
228 $424,588.97 $1,266.95 $0.00 $2,400.69 $428,256.61
229 $428,256.61 $1,266.95 $155,963.37 $2,421.43 $275,981.62
230 $275,981.62 $1,266.95 $0.00 $1,560.44 $278,809.01
231 $278,809.01 $1,266.95 $0.00 $1,576.43 $281,652.39
232 $281,652.39 $1,266.95 $0.00 $1,592.50 $284,511.84
233 $284,511.84 $1,266.95 $0.00 $1,608.67 $287,387.46
234 $287,387.46 $1,266.95 $0.00 $1,624.93 $290,279.34
235 $290,279.34 $1,266.95 $0.00 $1,641.28 $293,187.57
236 $293,187.57 $1,266.95 $0.00 $1,657.73 $296,112.25
237 $296,112.25 $1,266.95 $0.00 $1,674.26 $299,053.46
238 $299,053.46 $1,266.95 $0.00 $1,690.89 $302,011.30
239 $302,011.30 $1,266.95 $0.00 $1,707.62 $304,985.87
240 $304,985.87 $1,266.95 $0.00 $1,724.43 $307,977.25
241 $307,977.25 $1,266.95 $163,761.53 $1,741.35 $147,224.02
242 $147,224.02 $1,266.95 $0.00 $832.43 $149,323.40
243 $149,323.40 $1,266.95 $0.00 $844.30 $151,434.65
244 $151,434.65 $1,266.95 $0.00 $856.23 $153,557.83
245 $153,557.83 $1,266.95 $0.00 $868.24 $155,693.02
246 $155,693.02 $1,266.95 $0.00 $880.31 $157,840.28
247 $157,840.28 $1,266.95 $0.00 $892.45 $159,999.68
248 $159,999.68 $1,266.95 $0.00 $904.66 $162,171.29
249 $162,171.29 $1,266.95 $0.00 $916.94 $164,355.18
250 $164,355.18 $1,266.95 $0.00 $929.29 $166,551.42
251 $166,551.42 $1,266.95 $0.00 $941.71 $168,760.08
252 $168,760.08 $1,266.95 $0.00 $954.19 $170,981.22
253 $170,981.22 $0.00 $171,949.61 $966.75 ($1.64)