Savings Plan and Future Cost Estimation for Gonzaga University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$161,427
Monthly savings required$1,278

How much will it cost to send your child to Gonzaga University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $645,708.65 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,277.83 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$62,250.00
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 $1,277.83 $0.00 $0.00 $1,277.83
2 $1,277.83 $1,277.83 $0.00 $7.23 $2,562.89
3 $2,562.89 $1,277.83 $0.00 $14.49 $3,855.21
4 $3,855.21 $1,277.83 $0.00 $21.80 $5,154.84
5 $5,154.84 $1,277.83 $0.00 $29.15 $6,461.82
6 $6,461.82 $1,277.83 $0.00 $36.54 $7,776.19
7 $7,776.19 $1,277.83 $0.00 $43.97 $9,097.99
8 $9,097.99 $1,277.83 $0.00 $51.44 $10,427.26
9 $10,427.26 $1,277.83 $0.00 $58.96 $11,764.05
10 $11,764.05 $1,277.83 $0.00 $66.52 $13,108.40
11 $13,108.40 $1,277.83 $0.00 $74.12 $14,460.35
12 $14,460.35 $1,277.83 $0.00 $81.76 $15,819.94
13 $15,819.94 $1,277.83 $0.00 $89.45 $17,187.22
14 $17,187.22 $1,277.83 $0.00 $97.18 $18,562.23
15 $18,562.23 $1,277.83 $0.00 $104.95 $19,945.01
16 $19,945.01 $1,277.83 $0.00 $112.77 $21,335.61
17 $21,335.61 $1,277.83 $0.00 $120.63 $22,734.07
18 $22,734.07 $1,277.83 $0.00 $128.54 $24,140.44
19 $24,140.44 $1,277.83 $0.00 $136.49 $25,554.76
20 $25,554.76 $1,277.83 $0.00 $144.49 $26,977.08
21 $26,977.08 $1,277.83 $0.00 $152.53 $28,407.44
22 $28,407.44 $1,277.83 $0.00 $160.62 $29,845.89
23 $29,845.89 $1,277.83 $0.00 $168.75 $31,292.47
24 $31,292.47 $1,277.83 $0.00 $176.93 $32,747.23
25 $32,747.23 $1,277.83 $0.00 $185.16 $34,210.22
26 $34,210.22 $1,277.83 $0.00 $193.43 $35,681.48
27 $35,681.48 $1,277.83 $0.00 $201.75 $37,161.06
28 $37,161.06 $1,277.83 $0.00 $210.11 $38,649.00
29 $38,649.00 $1,277.83 $0.00 $218.53 $40,145.36
30 $40,145.36 $1,277.83 $0.00 $226.99 $41,650.18
31 $41,650.18 $1,277.83 $0.00 $235.50 $43,163.51
32 $43,163.51 $1,277.83 $0.00 $244.05 $44,685.39
33 $44,685.39 $1,277.83 $0.00 $252.66 $46,215.88
34 $46,215.88 $1,277.83 $0.00 $261.31 $47,755.02
35 $47,755.02 $1,277.83 $0.00 $270.01 $49,302.86
36 $49,302.86 $1,277.83 $0.00 $278.77 $50,859.46
37 $50,859.46 $1,277.83 $0.00 $287.57 $52,424.86
38 $52,424.86 $1,277.83 $0.00 $296.42 $53,999.11
39 $53,999.11 $1,277.83 $0.00 $305.32 $55,582.26
40 $55,582.26 $1,277.83 $0.00 $314.27 $57,174.36
41 $57,174.36 $1,277.83 $0.00 $323.27 $58,775.46
42 $58,775.46 $1,277.83 $0.00 $332.32 $60,385.61
43 $60,385.61 $1,277.83 $0.00 $341.43 $62,004.87
44 $62,004.87 $1,277.83 $0.00 $350.58 $63,633.28
45 $63,633.28 $1,277.83 $0.00 $359.79 $65,270.90
46 $65,270.90 $1,277.83 $0.00 $369.05 $66,917.78
47 $66,917.78 $1,277.83 $0.00 $378.36 $68,573.97
48 $68,573.97 $1,277.83 $0.00 $387.73 $70,239.53
49 $70,239.53 $1,277.83 $0.00 $397.14 $71,914.50
50 $71,914.50 $1,277.83 $0.00 $406.62 $73,598.95
51 $73,598.95 $1,277.83 $0.00 $416.14 $75,292.92
52 $75,292.92 $1,277.83 $0.00 $425.72 $76,996.47
53 $76,996.47 $1,277.83 $0.00 $435.35 $78,709.65
54 $78,709.65 $1,277.83 $0.00 $445.04 $80,432.52
55 $80,432.52 $1,277.83 $0.00 $454.78 $82,165.13
56 $82,165.13 $1,277.83 $0.00 $464.57 $83,907.53
57 $83,907.53 $1,277.83 $0.00 $474.43 $85,659.79
58 $85,659.79 $1,277.83 $0.00 $484.33 $87,421.95
59 $87,421.95 $1,277.83 $0.00 $494.30 $89,194.08
60 $89,194.08 $1,277.83 $0.00 $504.32 $90,976.23
61 $90,976.23 $1,277.83 $0.00 $514.39 $92,768.45
62 $92,768.45 $1,277.83 $0.00 $524.53 $94,570.81
63 $94,570.81 $1,277.83 $0.00 $534.72 $96,383.36
64 $96,383.36 $1,277.83 $0.00 $544.97 $98,206.16
65 $98,206.16 $1,277.83 $0.00 $555.27 $100,039.26
66 $100,039.26 $1,277.83 $0.00 $565.64 $101,882.73
67 $101,882.73 $1,277.83 $0.00 $576.06 $103,736.62
68 $103,736.62 $1,277.83 $0.00 $586.54 $105,600.99
69 $105,600.99 $1,277.83 $0.00 $597.08 $107,475.90
70 $107,475.90 $1,277.83 $0.00 $607.68 $109,361.41
71 $109,361.41 $1,277.83 $0.00 $618.35 $111,257.59
72 $111,257.59 $1,277.83 $0.00 $629.07 $113,164.49
73 $113,164.49 $1,277.83 $0.00 $639.85 $115,082.17
74 $115,082.17 $1,277.83 $0.00 $650.69 $117,010.69
75 $117,010.69 $1,277.83 $0.00 $661.60 $118,950.12
76 $118,950.12 $1,277.83 $0.00 $672.56 $120,900.51
77 $120,900.51 $1,277.83 $0.00 $683.59 $122,861.93
78 $122,861.93 $1,277.83 $0.00 $694.68 $124,834.44
79 $124,834.44 $1,277.83 $0.00 $705.83 $126,818.10
80 $126,818.10 $1,277.83 $0.00 $717.05 $128,812.98
81 $128,812.98 $1,277.83 $0.00 $728.33 $130,819.14
82 $130,819.14 $1,277.83 $0.00 $739.67 $132,836.64
83 $132,836.64 $1,277.83 $0.00 $751.08 $134,865.55
84 $134,865.55 $1,277.83 $0.00 $762.55 $136,905.93
85 $136,905.93 $1,277.83 $0.00 $774.09 $138,957.85
86 $138,957.85 $1,277.83 $0.00 $785.69 $141,021.37
87 $141,021.37 $1,277.83 $0.00 $797.36 $143,096.56
88 $143,096.56 $1,277.83 $0.00 $809.09 $145,183.48
89 $145,183.48 $1,277.83 $0.00 $820.89 $147,282.20
90 $147,282.20 $1,277.83 $0.00 $832.75 $149,392.78
91 $149,392.78 $1,277.83 $0.00 $844.69 $151,515.30
92 $151,515.30 $1,277.83 $0.00 $856.69 $153,649.82
93 $153,649.82 $1,277.83 $0.00 $868.76 $155,796.41
94 $155,796.41 $1,277.83 $0.00 $880.90 $157,955.14
95 $157,955.14 $1,277.83 $0.00 $893.10 $160,126.07
96 $160,126.07 $1,277.83 $0.00 $905.38 $162,309.28
97 $162,309.28 $1,277.83 $0.00 $917.72 $164,504.83
98 $164,504.83 $1,277.83 $0.00 $930.13 $166,712.79
99 $166,712.79 $1,277.83 $0.00 $942.62 $168,933.24
100 $168,933.24 $1,277.83 $0.00 $955.17 $171,166.24
101 $171,166.24 $1,277.83 $0.00 $967.80 $173,411.87
102 $173,411.87 $1,277.83 $0.00 $980.50 $175,670.20
103 $175,670.20 $1,277.83 $0.00 $993.26 $177,941.29
104 $177,941.29 $1,277.83 $0.00 $1,006.11 $180,225.23
105 $180,225.23 $1,277.83 $0.00 $1,019.02 $182,522.08
106 $182,522.08 $1,277.83 $0.00 $1,032.01 $184,831.92
107 $184,831.92 $1,277.83 $0.00 $1,045.07 $187,154.82
108 $187,154.82 $1,277.83 $0.00 $1,058.20 $189,490.85
109 $189,490.85 $1,277.83 $0.00 $1,071.41 $191,840.09
110 $191,840.09 $1,277.83 $0.00 $1,084.69 $194,202.61
111 $194,202.61 $1,277.83 $0.00 $1,098.05 $196,578.49
112 $196,578.49 $1,277.83 $0.00 $1,111.48 $198,967.80
113 $198,967.80 $1,277.83 $0.00 $1,124.99 $201,370.62
114 $201,370.62 $1,277.83 $0.00 $1,138.58 $203,787.03
115 $203,787.03 $1,277.83 $0.00 $1,152.24 $206,217.10
116 $206,217.10 $1,277.83 $0.00 $1,165.98 $208,660.91
117 $208,660.91 $1,277.83 $0.00 $1,179.80 $211,118.54
118 $211,118.54 $1,277.83 $0.00 $1,193.69 $213,590.06
119 $213,590.06 $1,277.83 $0.00 $1,207.67 $216,075.56
120 $216,075.56 $1,277.83 $0.00 $1,221.72 $218,575.11
121 $218,575.11 $1,277.83 $0.00 $1,235.86 $221,088.80
122 $221,088.80 $1,277.83 $0.00 $1,250.07 $223,616.70
123 $223,616.70 $1,277.83 $0.00 $1,264.36 $226,158.89
124 $226,158.89 $1,277.83 $0.00 $1,278.74 $228,715.46
125 $228,715.46 $1,277.83 $0.00 $1,293.19 $231,286.48
126 $231,286.48 $1,277.83 $0.00 $1,307.73 $233,872.04
127 $233,872.04 $1,277.83 $0.00 $1,322.35 $236,472.22
128 $236,472.22 $1,277.83 $0.00 $1,337.05 $239,087.10
129 $239,087.10 $1,277.83 $0.00 $1,351.83 $241,716.76
130 $241,716.76 $1,277.83 $0.00 $1,366.70 $244,361.29
131 $244,361.29 $1,277.83 $0.00 $1,381.65 $247,020.77
132 $247,020.77 $1,277.83 $0.00 $1,396.69 $249,695.29
133 $249,695.29 $1,277.83 $0.00 $1,411.81 $252,384.93
134 $252,384.93 $1,277.83 $0.00 $1,427.02 $255,089.78
135 $255,089.78 $1,277.83 $0.00 $1,442.31 $257,809.92
136 $257,809.92 $1,277.83 $0.00 $1,457.69 $260,545.44
137 $260,545.44 $1,277.83 $0.00 $1,473.16 $263,296.43
138 $263,296.43 $1,277.83 $0.00 $1,488.72 $266,062.98
139 $266,062.98 $1,277.83 $0.00 $1,504.36 $268,845.17
140 $268,845.17 $1,277.83 $0.00 $1,520.09 $271,643.09
141 $271,643.09 $1,277.83 $0.00 $1,535.91 $274,456.83
142 $274,456.83 $1,277.83 $0.00 $1,551.82 $277,286.48
143 $277,286.48 $1,277.83 $0.00 $1,567.82 $280,132.13
144 $280,132.13 $1,277.83 $0.00 $1,583.91 $282,993.87
145 $282,993.87 $1,277.83 $0.00 $1,600.09 $285,871.79
146 $285,871.79 $1,277.83 $0.00 $1,616.36 $288,765.98
147 $288,765.98 $1,277.83 $0.00 $1,632.72 $291,676.53
148 $291,676.53 $1,277.83 $0.00 $1,649.18 $294,603.54
149 $294,603.54 $1,277.83 $0.00 $1,665.73 $297,547.10
150 $297,547.10 $1,277.83 $0.00 $1,682.37 $300,507.30
151 $300,507.30 $1,277.83 $0.00 $1,699.11 $303,484.24
152 $303,484.24 $1,277.83 $0.00 $1,715.94 $306,478.01
153 $306,478.01 $1,277.83 $0.00 $1,732.87 $309,488.71
154 $309,488.71 $1,277.83 $0.00 $1,749.89 $312,516.43
155 $312,516.43 $1,277.83 $0.00 $1,767.01 $315,561.27
156 $315,561.27 $1,277.83 $0.00 $1,784.23 $318,623.33
157 $318,623.33 $1,277.83 $0.00 $1,801.54 $321,702.70
158 $321,702.70 $1,277.83 $0.00 $1,818.95 $324,799.48
159 $324,799.48 $1,277.83 $0.00 $1,836.46 $327,913.77
160 $327,913.77 $1,277.83 $0.00 $1,854.07 $331,045.67
161 $331,045.67 $1,277.83 $0.00 $1,871.78 $334,195.28
162 $334,195.28 $1,277.83 $0.00 $1,889.59 $337,362.70
163 $337,362.70 $1,277.83 $0.00 $1,907.50 $340,548.03
164 $340,548.03 $1,277.83 $0.00 $1,925.51 $343,751.37
165 $343,751.37 $1,277.83 $0.00 $1,943.62 $346,972.82
166 $346,972.82 $1,277.83 $0.00 $1,961.83 $350,212.48
167 $350,212.48 $1,277.83 $0.00 $1,980.15 $353,470.46
168 $353,470.46 $1,277.83 $0.00 $1,998.57 $356,746.86
169 $356,746.86 $1,277.83 $0.00 $2,017.10 $360,041.79
170 $360,041.79 $1,277.83 $0.00 $2,035.73 $363,355.35
171 $363,355.35 $1,277.83 $0.00 $2,054.46 $366,687.64
172 $366,687.64 $1,277.83 $0.00 $2,073.31 $370,038.78
173 $370,038.78 $1,277.83 $0.00 $2,092.25 $373,408.86
174 $373,408.86 $1,277.83 $0.00 $2,111.31 $376,798.00
175 $376,798.00 $1,277.83 $0.00 $2,130.47 $380,206.30
176 $380,206.30 $1,277.83 $0.00 $2,149.74 $383,633.87
177 $383,633.87 $1,277.83 $0.00 $2,169.12 $387,080.82
178 $387,080.82 $1,277.83 $0.00 $2,188.61 $390,547.26
179 $390,547.26 $1,277.83 $0.00 $2,208.21 $394,033.30
180 $394,033.30 $1,277.83 $0.00 $2,227.92 $397,539.05
181 $397,539.05 $1,277.83 $0.00 $2,247.74 $401,064.62
182 $401,064.62 $1,277.83 $0.00 $2,267.68 $404,610.13
183 $404,610.13 $1,277.83 $0.00 $2,287.72 $408,175.68
184 $408,175.68 $1,277.83 $0.00 $2,307.88 $411,761.39
185 $411,761.39 $1,277.83 $0.00 $2,328.16 $415,367.38
186 $415,367.38 $1,277.83 $0.00 $2,348.55 $418,993.76
187 $418,993.76 $1,277.83 $0.00 $2,369.05 $422,640.64
188 $422,640.64 $1,277.83 $0.00 $2,389.67 $426,308.14
189 $426,308.14 $1,277.83 $0.00 $2,410.41 $429,996.38
190 $429,996.38 $1,277.83 $0.00 $2,431.26 $433,705.47
191 $433,705.47 $1,277.83 $0.00 $2,452.23 $437,435.53
192 $437,435.53 $1,277.83 $0.00 $2,473.32 $441,186.68
193 $441,186.68 $1,277.83 $0.00 $2,494.53 $444,959.04
194 $444,959.04 $1,277.83 $0.00 $2,515.86 $448,752.73
195 $448,752.73 $1,277.83 $0.00 $2,537.31 $452,567.87
196 $452,567.87 $1,277.83 $0.00 $2,558.88 $456,404.58
197 $456,404.58 $1,277.83 $0.00 $2,580.58 $460,262.99
198 $460,262.99 $1,277.83 $0.00 $2,602.39 $464,143.21
199 $464,143.21 $1,277.83 $0.00 $2,624.33 $468,045.37
200 $468,045.37 $1,277.83 $0.00 $2,646.40 $471,969.60
201 $471,969.60 $1,277.83 $0.00 $2,668.58 $475,916.01
202 $475,916.01 $1,277.83 $0.00 $2,690.90 $479,884.74
203 $479,884.74 $1,277.83 $0.00 $2,713.34 $483,875.91
204 $483,875.91 $1,277.83 $0.00 $2,735.90 $487,889.64
205 $487,889.64 $1,277.83 $0.00 $2,758.60 $491,926.07
206 $491,926.07 $1,277.83 $0.00 $2,781.42 $495,985.32
207 $495,985.32 $1,277.83 $0.00 $2,804.37 $500,067.52
208 $500,067.52 $1,277.83 $0.00 $2,827.45 $504,172.80
209 $504,172.80 $1,277.83 $0.00 $2,850.67 $508,301.30
210 $508,301.30 $1,277.83 $0.00 $2,874.01 $512,453.14
211 $512,453.14 $1,277.83 $0.00 $2,897.48 $516,628.45
212 $516,628.45 $1,277.83 $0.00 $2,921.09 $520,827.37
213 $520,827.37 $1,277.83 $0.00 $2,944.83 $525,050.03
214 $525,050.03 $1,277.83 $0.00 $2,968.71 $529,296.57
215 $529,296.57 $1,277.83 $0.00 $2,992.72 $533,567.12
216 $533,567.12 $1,277.83 $0.00 $3,016.87 $537,861.82
217 $537,861.82 $1,277.83 $149,812.05 $3,041.15 $392,368.75
218 $392,368.75 $1,277.83 $0.00 $2,218.51 $395,865.09
219 $395,865.09 $1,277.83 $0.00 $2,238.28 $399,381.20
220 $399,381.20 $1,277.83 $0.00 $2,258.16 $402,917.19
221 $402,917.19 $1,277.83 $0.00 $2,278.15 $406,473.17
222 $406,473.17 $1,277.83 $0.00 $2,298.26 $410,049.26
223 $410,049.26 $1,277.83 $0.00 $2,318.48 $413,645.57
224 $413,645.57 $1,277.83 $0.00 $2,338.81 $417,262.21
225 $417,262.21 $1,277.83 $0.00 $2,359.26 $420,899.30
226 $420,899.30 $1,277.83 $0.00 $2,379.83 $424,556.96
227 $424,556.96 $1,277.83 $0.00 $2,400.51 $428,235.30
228 $428,235.30 $1,277.83 $0.00 $2,421.30 $431,934.43
229 $431,934.43 $1,277.83 $157,302.65 $2,442.22 $278,351.83
230 $278,351.83 $1,277.83 $0.00 $1,573.84 $281,203.50
231 $281,203.50 $1,277.83 $0.00 $1,589.97 $284,071.30
232 $284,071.30 $1,277.83 $0.00 $1,606.18 $286,955.31
233 $286,955.31 $1,277.83 $0.00 $1,622.49 $289,855.63
234 $289,855.63 $1,277.83 $0.00 $1,638.89 $292,772.35
235 $292,772.35 $1,277.83 $0.00 $1,655.38 $295,705.56
236 $295,705.56 $1,277.83 $0.00 $1,671.96 $298,655.35
237 $298,655.35 $1,277.83 $0.00 $1,688.64 $301,621.82
238 $301,621.82 $1,277.83 $0.00 $1,705.41 $304,605.06
239 $304,605.06 $1,277.83 $0.00 $1,722.28 $307,605.17
240 $307,605.17 $1,277.83 $0.00 $1,739.24 $310,622.24
241 $310,622.24 $1,277.83 $165,167.78 $1,756.30 $148,488.59
242 $148,488.59 $1,277.83 $0.00 $839.58 $150,606.00
243 $150,606.00 $1,277.83 $0.00 $851.55 $152,735.38
244 $152,735.38 $1,277.83 $0.00 $863.59 $154,876.80
245 $154,876.80 $1,277.83 $0.00 $875.70 $157,030.33
246 $157,030.33 $1,277.83 $0.00 $887.87 $159,196.03
247 $159,196.03 $1,277.83 $0.00 $900.12 $161,373.98
248 $161,373.98 $1,277.83 $0.00 $912.43 $163,564.24
249 $163,564.24 $1,277.83 $0.00 $924.82 $165,766.89
250 $165,766.89 $1,277.83 $0.00 $937.27 $167,981.99
251 $167,981.99 $1,277.83 $0.00 $949.79 $170,209.61
252 $170,209.61 $1,277.83 $0.00 $962.39 $172,449.83
253 $172,449.83 $0.00 $173,426.17 $975.06 ($1.28)