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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$103,923
Monthly savings required$823

How much will it cost to send your child to Liberty University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $415,691.15 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $822.64 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$40,075.00
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 $822.64 $0.00 $0.00 $822.64
2 $822.64 $822.64 $0.00 $4.65 $1,649.93
3 $1,649.93 $822.64 $0.00 $9.33 $2,481.90
4 $2,481.90 $822.64 $0.00 $14.03 $3,318.57
5 $3,318.57 $822.64 $0.00 $18.76 $4,159.97
6 $4,159.97 $822.64 $0.00 $23.52 $5,006.13
7 $5,006.13 $822.64 $0.00 $28.31 $5,857.08
8 $5,857.08 $822.64 $0.00 $33.12 $6,712.84
9 $6,712.84 $822.64 $0.00 $37.96 $7,573.44
10 $7,573.44 $822.64 $0.00 $42.82 $8,438.90
11 $8,438.90 $822.64 $0.00 $47.71 $9,309.25
12 $9,309.25 $822.64 $0.00 $52.64 $10,184.53
13 $10,184.53 $822.64 $0.00 $57.58 $11,064.75
14 $11,064.75 $822.64 $0.00 $62.56 $11,949.95
15 $11,949.95 $822.64 $0.00 $67.57 $12,840.16
16 $12,840.16 $822.64 $0.00 $72.60 $13,735.40
17 $13,735.40 $822.64 $0.00 $77.66 $14,635.70
18 $14,635.70 $822.64 $0.00 $82.75 $15,541.09
19 $15,541.09 $822.64 $0.00 $87.87 $16,451.60
20 $16,451.60 $822.64 $0.00 $93.02 $17,367.26
21 $17,367.26 $822.64 $0.00 $98.20 $18,288.10
22 $18,288.10 $822.64 $0.00 $103.40 $19,214.14
23 $19,214.14 $822.64 $0.00 $108.64 $20,145.42
24 $20,145.42 $822.64 $0.00 $113.91 $21,081.97
25 $21,081.97 $822.64 $0.00 $119.20 $22,023.81
26 $22,023.81 $822.64 $0.00 $124.53 $22,970.98
27 $22,970.98 $822.64 $0.00 $129.88 $23,923.50
28 $23,923.50 $822.64 $0.00 $135.27 $24,881.41
29 $24,881.41 $822.64 $0.00 $140.68 $25,844.73
30 $25,844.73 $822.64 $0.00 $146.13 $26,813.50
31 $26,813.50 $822.64 $0.00 $151.61 $27,787.75
32 $27,787.75 $822.64 $0.00 $157.12 $28,767.51
33 $28,767.51 $822.64 $0.00 $162.66 $29,752.81
34 $29,752.81 $822.64 $0.00 $168.23 $30,743.68
35 $30,743.68 $822.64 $0.00 $173.83 $31,740.15
36 $31,740.15 $822.64 $0.00 $179.46 $32,742.25
37 $32,742.25 $822.64 $0.00 $185.13 $33,750.02
38 $33,750.02 $822.64 $0.00 $190.83 $34,763.49
39 $34,763.49 $822.64 $0.00 $196.56 $35,782.69
40 $35,782.69 $822.64 $0.00 $202.32 $36,807.65
41 $36,807.65 $822.64 $0.00 $208.12 $37,838.41
42 $37,838.41 $822.64 $0.00 $213.94 $38,874.99
43 $38,874.99 $822.64 $0.00 $219.80 $39,917.43
44 $39,917.43 $822.64 $0.00 $225.70 $40,965.77
45 $40,965.77 $822.64 $0.00 $231.63 $42,020.04
46 $42,020.04 $822.64 $0.00 $237.59 $43,080.27
47 $43,080.27 $822.64 $0.00 $243.58 $44,146.49
48 $44,146.49 $822.64 $0.00 $249.61 $45,218.74
49 $45,218.74 $822.64 $0.00 $255.67 $46,297.05
50 $46,297.05 $822.64 $0.00 $261.77 $47,381.46
51 $47,381.46 $822.64 $0.00 $267.90 $48,472.00
52 $48,472.00 $822.64 $0.00 $274.07 $49,568.71
53 $49,568.71 $822.64 $0.00 $280.27 $50,671.62
54 $50,671.62 $822.64 $0.00 $286.50 $51,780.76
55 $51,780.76 $822.64 $0.00 $292.78 $52,896.18
56 $52,896.18 $822.64 $0.00 $299.08 $54,017.90
57 $54,017.90 $822.64 $0.00 $305.43 $55,145.97
58 $55,145.97 $822.64 $0.00 $311.80 $56,280.41
59 $56,280.41 $822.64 $0.00 $318.22 $57,421.27
60 $57,421.27 $822.64 $0.00 $324.67 $58,568.58
61 $58,568.58 $822.64 $0.00 $331.16 $59,722.38
62 $59,722.38 $822.64 $0.00 $337.68 $60,882.70
63 $60,882.70 $822.64 $0.00 $344.24 $62,049.58
64 $62,049.58 $822.64 $0.00 $350.84 $63,223.06
65 $63,223.06 $822.64 $0.00 $357.47 $64,403.17
66 $64,403.17 $822.64 $0.00 $364.14 $65,589.95
67 $65,589.95 $822.64 $0.00 $370.86 $66,783.45
68 $66,783.45 $822.64 $0.00 $377.60 $67,983.69
69 $67,983.69 $822.64 $0.00 $384.39 $69,190.72
70 $69,190.72 $822.64 $0.00 $391.21 $70,404.57
71 $70,404.57 $822.64 $0.00 $398.08 $71,625.29
72 $71,625.29 $822.64 $0.00 $404.98 $72,852.91
73 $72,852.91 $822.64 $0.00 $411.92 $74,087.47
74 $74,087.47 $822.64 $0.00 $418.90 $75,329.01
75 $75,329.01 $822.64 $0.00 $425.92 $76,577.57
76 $76,577.57 $822.64 $0.00 $432.98 $77,833.19
77 $77,833.19 $822.64 $0.00 $440.08 $79,095.91
78 $79,095.91 $822.64 $0.00 $447.22 $80,365.77
79 $80,365.77 $822.64 $0.00 $454.40 $81,642.81
80 $81,642.81 $822.64 $0.00 $461.62 $82,927.07
81 $82,927.07 $822.64 $0.00 $468.88 $84,218.59
82 $84,218.59 $822.64 $0.00 $476.18 $85,517.41
83 $85,517.41 $822.64 $0.00 $483.53 $86,823.58
84 $86,823.58 $822.64 $0.00 $490.91 $88,137.13
85 $88,137.13 $822.64 $0.00 $498.34 $89,458.11
86 $89,458.11 $822.64 $0.00 $505.81 $90,786.56
87 $90,786.56 $822.64 $0.00 $513.32 $92,122.52
88 $92,122.52 $822.64 $0.00 $520.87 $93,466.03
89 $93,466.03 $822.64 $0.00 $528.47 $94,817.14
90 $94,817.14 $822.64 $0.00 $536.11 $96,175.89
91 $96,175.89 $822.64 $0.00 $543.79 $97,542.32
92 $97,542.32 $822.64 $0.00 $551.52 $98,916.48
93 $98,916.48 $822.64 $0.00 $559.29 $100,298.41
94 $100,298.41 $822.64 $0.00 $567.10 $101,688.15
95 $101,688.15 $822.64 $0.00 $574.96 $103,085.75
96 $103,085.75 $822.64 $0.00 $582.86 $104,491.25
97 $104,491.25 $822.64 $0.00 $590.81 $105,904.70
98 $105,904.70 $822.64 $0.00 $598.80 $107,326.14
99 $107,326.14 $822.64 $0.00 $606.84 $108,755.62
100 $108,755.62 $822.64 $0.00 $614.92 $110,193.18
101 $110,193.18 $822.64 $0.00 $623.05 $111,638.87
102 $111,638.87 $822.64 $0.00 $631.22 $113,092.73
103 $113,092.73 $822.64 $0.00 $639.44 $114,554.81
104 $114,554.81 $822.64 $0.00 $647.71 $116,025.16
105 $116,025.16 $822.64 $0.00 $656.02 $117,503.82
106 $117,503.82 $822.64 $0.00 $664.38 $118,990.84
107 $118,990.84 $822.64 $0.00 $672.79 $120,486.27
108 $120,486.27 $822.64 $0.00 $681.25 $121,990.16
109 $121,990.16 $822.64 $0.00 $689.75 $123,502.55
110 $123,502.55 $822.64 $0.00 $698.30 $125,023.49
111 $125,023.49 $822.64 $0.00 $706.90 $126,553.03
112 $126,553.03 $822.64 $0.00 $715.55 $128,091.22
113 $128,091.22 $822.64 $0.00 $724.25 $129,638.11
114 $129,638.11 $822.64 $0.00 $732.99 $131,193.74
115 $131,193.74 $822.64 $0.00 $741.79 $132,758.17
116 $132,758.17 $822.64 $0.00 $750.63 $134,331.44
117 $134,331.44 $822.64 $0.00 $759.53 $135,913.61
118 $135,913.61 $822.64 $0.00 $768.48 $137,504.73
119 $137,504.73 $822.64 $0.00 $777.47 $139,104.84
120 $139,104.84 $822.64 $0.00 $786.52 $140,714.00
121 $140,714.00 $822.64 $0.00 $795.62 $142,332.26
122 $142,332.26 $822.64 $0.00 $804.77 $143,959.67
123 $143,959.67 $822.64 $0.00 $813.97 $145,596.28
124 $145,596.28 $822.64 $0.00 $823.22 $147,242.14
125 $147,242.14 $822.64 $0.00 $832.53 $148,897.31
126 $148,897.31 $822.64 $0.00 $841.89 $150,561.84
127 $150,561.84 $822.64 $0.00 $851.30 $152,235.78
128 $152,235.78 $822.64 $0.00 $860.76 $153,919.18
129 $153,919.18 $822.64 $0.00 $870.28 $155,612.10
130 $155,612.10 $822.64 $0.00 $879.85 $157,314.59
131 $157,314.59 $822.64 $0.00 $889.48 $159,026.71
132 $159,026.71 $822.64 $0.00 $899.16 $160,748.51
133 $160,748.51 $822.64 $0.00 $908.90 $162,480.05
134 $162,480.05 $822.64 $0.00 $918.69 $164,221.38
135 $164,221.38 $822.64 $0.00 $928.53 $165,972.55
136 $165,972.55 $822.64 $0.00 $938.43 $167,733.62
137 $167,733.62 $822.64 $0.00 $948.39 $169,504.65
138 $169,504.65 $822.64 $0.00 $958.40 $171,285.69
139 $171,285.69 $822.64 $0.00 $968.47 $173,076.80
140 $173,076.80 $822.64 $0.00 $978.60 $174,878.04
141 $174,878.04 $822.64 $0.00 $988.79 $176,689.47
142 $176,689.47 $822.64 $0.00 $999.03 $178,511.14
143 $178,511.14 $822.64 $0.00 $1,009.33 $180,343.11
144 $180,343.11 $822.64 $0.00 $1,019.69 $182,185.44
145 $182,185.44 $822.64 $0.00 $1,030.10 $184,038.18
146 $184,038.18 $822.64 $0.00 $1,040.58 $185,901.40
147 $185,901.40 $822.64 $0.00 $1,051.11 $187,775.15
148 $187,775.15 $822.64 $0.00 $1,061.71 $189,659.50
149 $189,659.50 $822.64 $0.00 $1,072.36 $191,554.50
150 $191,554.50 $822.64 $0.00 $1,083.08 $193,460.22
151 $193,460.22 $822.64 $0.00 $1,093.85 $195,376.71
152 $195,376.71 $822.64 $0.00 $1,104.69 $197,304.04
153 $197,304.04 $822.64 $0.00 $1,115.59 $199,242.27
154 $199,242.27 $822.64 $0.00 $1,126.54 $201,191.45
155 $201,191.45 $822.64 $0.00 $1,137.57 $203,151.66
156 $203,151.66 $822.64 $0.00 $1,148.65 $205,122.95
157 $205,122.95 $822.64 $0.00 $1,159.79 $207,105.38
158 $207,105.38 $822.64 $0.00 $1,171.00 $209,099.02
159 $209,099.02 $822.64 $0.00 $1,182.28 $211,103.94
160 $211,103.94 $822.64 $0.00 $1,193.61 $213,120.19
161 $213,120.19 $822.64 $0.00 $1,205.01 $215,147.84
162 $215,147.84 $822.64 $0.00 $1,216.48 $217,186.96
163 $217,186.96 $822.64 $0.00 $1,228.01 $219,237.61
164 $219,237.61 $822.64 $0.00 $1,239.60 $221,299.85
165 $221,299.85 $822.64 $0.00 $1,251.26 $223,373.75
166 $223,373.75 $822.64 $0.00 $1,262.99 $225,459.38
167 $225,459.38 $822.64 $0.00 $1,274.78 $227,556.80
168 $227,556.80 $822.64 $0.00 $1,286.64 $229,666.08
169 $229,666.08 $822.64 $0.00 $1,298.57 $231,787.29
170 $231,787.29 $822.64 $0.00 $1,310.56 $233,920.49
171 $233,920.49 $822.64 $0.00 $1,322.62 $236,065.75
172 $236,065.75 $822.64 $0.00 $1,334.75 $238,223.14
173 $238,223.14 $822.64 $0.00 $1,346.95 $240,392.73
174 $240,392.73 $822.64 $0.00 $1,359.22 $242,574.59
175 $242,574.59 $822.64 $0.00 $1,371.55 $244,768.78
176 $244,768.78 $822.64 $0.00 $1,383.96 $246,975.38
177 $246,975.38 $822.64 $0.00 $1,396.43 $249,194.45
178 $249,194.45 $822.64 $0.00 $1,408.98 $251,426.07
179 $251,426.07 $822.64 $0.00 $1,421.60 $253,670.31
180 $253,670.31 $822.64 $0.00 $1,434.29 $255,927.24
181 $255,927.24 $822.64 $0.00 $1,447.05 $258,196.93
182 $258,196.93 $822.64 $0.00 $1,459.88 $260,479.45
183 $260,479.45 $822.64 $0.00 $1,472.79 $262,774.88
184 $262,774.88 $822.64 $0.00 $1,485.77 $265,083.29
185 $265,083.29 $822.64 $0.00 $1,498.82 $267,404.75
186 $267,404.75 $822.64 $0.00 $1,511.95 $269,739.34
187 $269,739.34 $822.64 $0.00 $1,525.15 $272,087.13
188 $272,087.13 $822.64 $0.00 $1,538.42 $274,448.19
189 $274,448.19 $822.64 $0.00 $1,551.77 $276,822.60
190 $276,822.60 $822.64 $0.00 $1,565.20 $279,210.44
191 $279,210.44 $822.64 $0.00 $1,578.70 $281,611.78
192 $281,611.78 $822.64 $0.00 $1,592.27 $284,026.69
193 $284,026.69 $822.64 $0.00 $1,605.93 $286,455.26
194 $286,455.26 $822.64 $0.00 $1,619.66 $288,897.56
195 $288,897.56 $822.64 $0.00 $1,633.47 $291,353.67
196 $291,353.67 $822.64 $0.00 $1,647.36 $293,823.67
197 $293,823.67 $822.64 $0.00 $1,661.32 $296,307.63
198 $296,307.63 $822.64 $0.00 $1,675.37 $298,805.64
199 $298,805.64 $822.64 $0.00 $1,689.49 $301,317.77
200 $301,317.77 $822.64 $0.00 $1,703.69 $303,844.10
201 $303,844.10 $822.64 $0.00 $1,717.98 $306,384.72
202 $306,384.72 $822.64 $0.00 $1,732.34 $308,939.70
203 $308,939.70 $822.64 $0.00 $1,746.79 $311,509.13
204 $311,509.13 $822.64 $0.00 $1,761.32 $314,093.09
205 $314,093.09 $822.64 $0.00 $1,775.93 $316,691.66
206 $316,691.66 $822.64 $0.00 $1,790.62 $319,304.92
207 $319,304.92 $822.64 $0.00 $1,805.40 $321,932.96
208 $321,932.96 $822.64 $0.00 $1,820.26 $324,575.86
209 $324,575.86 $822.64 $0.00 $1,835.20 $327,233.70
210 $327,233.70 $822.64 $0.00 $1,850.23 $329,906.57
211 $329,906.57 $822.64 $0.00 $1,865.34 $332,594.55
212 $332,594.55 $822.64 $0.00 $1,880.54 $335,297.73
213 $335,297.73 $822.64 $0.00 $1,895.82 $338,016.19
214 $338,016.19 $822.64 $0.00 $1,911.19 $340,750.02
215 $340,750.02 $822.64 $0.00 $1,926.65 $343,499.31
216 $343,499.31 $822.64 $0.00 $1,942.20 $346,264.15
217 $346,264.15 $822.64 $96,445.27 $1,957.83 $252,599.35
218 $252,599.35 $822.64 $0.00 $1,428.23 $254,850.22
219 $254,850.22 $822.64 $0.00 $1,440.96 $257,113.82
220 $257,113.82 $822.64 $0.00 $1,453.76 $259,390.22
221 $259,390.22 $822.64 $0.00 $1,466.63 $261,679.49
222 $261,679.49 $822.64 $0.00 $1,479.57 $263,981.70
223 $263,981.70 $822.64 $0.00 $1,492.59 $266,296.93
224 $266,296.93 $822.64 $0.00 $1,505.68 $268,625.25
225 $268,625.25 $822.64 $0.00 $1,518.85 $270,966.74
226 $270,966.74 $822.64 $0.00 $1,532.09 $273,321.47
227 $273,321.47 $822.64 $0.00 $1,545.40 $275,689.51
228 $275,689.51 $822.64 $0.00 $1,558.79 $278,070.94
229 $278,070.94 $822.64 $101,267.53 $1,572.25 $179,198.30
230 $179,198.30 $822.64 $0.00 $1,013.21 $181,034.15
231 $181,034.15 $822.64 $0.00 $1,023.59 $182,880.38
232 $182,880.38 $822.64 $0.00 $1,034.03 $184,737.05
233 $184,737.05 $822.64 $0.00 $1,044.53 $186,604.22
234 $186,604.22 $822.64 $0.00 $1,055.09 $188,481.95
235 $188,481.95 $822.64 $0.00 $1,065.70 $190,370.29
236 $190,370.29 $822.64 $0.00 $1,076.38 $192,269.31
237 $192,269.31 $822.64 $0.00 $1,087.12 $194,179.07
238 $194,179.07 $822.64 $0.00 $1,097.92 $196,099.63
239 $196,099.63 $822.64 $0.00 $1,108.78 $198,031.05
240 $198,031.05 $822.64 $0.00 $1,119.70 $199,973.39
241 $199,973.39 $822.64 $106,330.91 $1,130.68 $95,595.80
242 $95,595.80 $822.64 $0.00 $540.51 $96,958.95
243 $96,958.95 $822.64 $0.00 $548.22 $98,329.81
244 $98,329.81 $822.64 $0.00 $555.97 $99,708.42
245 $99,708.42 $822.64 $0.00 $563.77 $101,094.83
246 $101,094.83 $822.64 $0.00 $571.60 $102,489.07
247 $102,489.07 $822.64 $0.00 $579.49 $103,891.20
248 $103,891.20 $822.64 $0.00 $587.42 $105,301.26
249 $105,301.26 $822.64 $0.00 $595.39 $106,719.29
250 $106,719.29 $822.64 $0.00 $603.41 $108,145.34
251 $108,145.34 $822.64 $0.00 $611.47 $109,579.45
252 $109,579.45 $822.64 $0.00 $619.58 $111,021.67
253 $111,021.67 $0.00 $111,647.45 $627.73 $1.95