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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$114,498
Monthly savings required$906

How much will it cost to send your child to Bethany College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $457,991.55 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $906.35 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$44,153.00
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 $906.35 $0.00 $0.00 $906.35
2 $906.35 $906.35 $0.00 $5.12 $1,817.82
3 $1,817.82 $906.35 $0.00 $10.28 $2,734.45
4 $2,734.45 $906.35 $0.00 $15.46 $3,656.26
5 $3,656.26 $906.35 $0.00 $20.67 $4,583.28
6 $4,583.28 $906.35 $0.00 $25.91 $5,515.54
7 $5,515.54 $906.35 $0.00 $31.19 $6,453.08
8 $6,453.08 $906.35 $0.00 $36.49 $7,395.92
9 $7,395.92 $906.35 $0.00 $41.82 $8,344.09
10 $8,344.09 $906.35 $0.00 $47.18 $9,297.62
11 $9,297.62 $906.35 $0.00 $52.57 $10,256.54
12 $10,256.54 $906.35 $0.00 $57.99 $11,220.88
13 $11,220.88 $906.35 $0.00 $63.44 $12,190.67
14 $12,190.67 $906.35 $0.00 $68.93 $13,165.95
15 $13,165.95 $906.35 $0.00 $74.44 $14,146.74
16 $14,146.74 $906.35 $0.00 $79.99 $15,133.08
17 $15,133.08 $906.35 $0.00 $85.56 $16,124.99
18 $16,124.99 $906.35 $0.00 $91.17 $17,122.51
19 $17,122.51 $906.35 $0.00 $96.81 $18,125.67
20 $18,125.67 $906.35 $0.00 $102.49 $19,134.51
21 $19,134.51 $906.35 $0.00 $108.19 $20,149.05
22 $20,149.05 $906.35 $0.00 $113.93 $21,169.33
23 $21,169.33 $906.35 $0.00 $119.69 $22,195.37
24 $22,195.37 $906.35 $0.00 $125.50 $23,227.22
25 $23,227.22 $906.35 $0.00 $131.33 $24,264.90
26 $24,264.90 $906.35 $0.00 $137.20 $25,308.45
27 $25,308.45 $906.35 $0.00 $143.10 $26,357.90
28 $26,357.90 $906.35 $0.00 $149.03 $27,413.28
29 $27,413.28 $906.35 $0.00 $155.00 $28,474.63
30 $28,474.63 $906.35 $0.00 $161.00 $29,541.98
31 $29,541.98 $906.35 $0.00 $167.03 $30,615.36
32 $30,615.36 $906.35 $0.00 $173.10 $31,694.81
33 $31,694.81 $906.35 $0.00 $179.21 $32,780.37
34 $32,780.37 $906.35 $0.00 $185.34 $33,872.06
35 $33,872.06 $906.35 $0.00 $191.52 $34,969.93
36 $34,969.93 $906.35 $0.00 $197.73 $36,074.01
37 $36,074.01 $906.35 $0.00 $203.97 $37,184.33
38 $37,184.33 $906.35 $0.00 $210.25 $38,300.93
39 $38,300.93 $906.35 $0.00 $216.56 $39,423.84
40 $39,423.84 $906.35 $0.00 $222.91 $40,553.10
41 $40,553.10 $906.35 $0.00 $229.29 $41,688.74
42 $41,688.74 $906.35 $0.00 $235.71 $42,830.80
43 $42,830.80 $906.35 $0.00 $242.17 $43,979.32
44 $43,979.32 $906.35 $0.00 $248.67 $45,134.34
45 $45,134.34 $906.35 $0.00 $255.20 $46,295.89
46 $46,295.89 $906.35 $0.00 $261.76 $47,464.00
47 $47,464.00 $906.35 $0.00 $268.37 $48,638.72
48 $48,638.72 $906.35 $0.00 $275.01 $49,820.08
49 $49,820.08 $906.35 $0.00 $281.69 $51,008.12
50 $51,008.12 $906.35 $0.00 $288.41 $52,202.88
51 $52,202.88 $906.35 $0.00 $295.16 $53,404.39
52 $53,404.39 $906.35 $0.00 $301.96 $54,612.70
53 $54,612.70 $906.35 $0.00 $308.79 $55,827.84
54 $55,827.84 $906.35 $0.00 $315.66 $57,049.85
55 $57,049.85 $906.35 $0.00 $322.57 $58,278.77
56 $58,278.77 $906.35 $0.00 $329.52 $59,514.64
57 $59,514.64 $906.35 $0.00 $336.50 $60,757.49
58 $60,757.49 $906.35 $0.00 $343.53 $62,007.37
59 $62,007.37 $906.35 $0.00 $350.60 $63,264.32
60 $63,264.32 $906.35 $0.00 $357.71 $64,528.38
61 $64,528.38 $906.35 $0.00 $364.85 $65,799.58
62 $65,799.58 $906.35 $0.00 $372.04 $67,077.97
63 $67,077.97 $906.35 $0.00 $379.27 $68,363.59
64 $68,363.59 $906.35 $0.00 $386.54 $69,656.48
65 $69,656.48 $906.35 $0.00 $393.85 $70,956.68
66 $70,956.68 $906.35 $0.00 $401.20 $72,264.23
67 $72,264.23 $906.35 $0.00 $408.59 $73,579.17
68 $73,579.17 $906.35 $0.00 $416.03 $74,901.55
69 $74,901.55 $906.35 $0.00 $423.50 $76,231.40
70 $76,231.40 $906.35 $0.00 $431.02 $77,568.77
71 $77,568.77 $906.35 $0.00 $438.59 $78,913.71
72 $78,913.71 $906.35 $0.00 $446.19 $80,266.25
73 $80,266.25 $906.35 $0.00 $453.84 $81,626.44
74 $81,626.44 $906.35 $0.00 $461.53 $82,994.32
75 $82,994.32 $906.35 $0.00 $469.26 $84,369.93
76 $84,369.93 $906.35 $0.00 $477.04 $85,753.32
77 $85,753.32 $906.35 $0.00 $484.86 $87,144.53
78 $87,144.53 $906.35 $0.00 $492.73 $88,543.61
79 $88,543.61 $906.35 $0.00 $500.64 $89,950.60
80 $89,950.60 $906.35 $0.00 $508.59 $91,365.54
81 $91,365.54 $906.35 $0.00 $516.59 $92,788.48
82 $92,788.48 $906.35 $0.00 $524.64 $94,219.47
83 $94,219.47 $906.35 $0.00 $532.73 $95,658.55
84 $95,658.55 $906.35 $0.00 $540.87 $97,105.77
85 $97,105.77 $906.35 $0.00 $549.05 $98,561.17
86 $98,561.17 $906.35 $0.00 $557.28 $100,024.80
87 $100,024.80 $906.35 $0.00 $565.55 $101,496.70
88 $101,496.70 $906.35 $0.00 $573.88 $102,976.93
89 $102,976.93 $906.35 $0.00 $582.25 $104,465.53
90 $104,465.53 $906.35 $0.00 $590.66 $105,962.54
91 $105,962.54 $906.35 $0.00 $599.13 $107,468.02
92 $107,468.02 $906.35 $0.00 $607.64 $108,982.01
93 $108,982.01 $906.35 $0.00 $616.20 $110,504.56
94 $110,504.56 $906.35 $0.00 $624.81 $112,035.72
95 $112,035.72 $906.35 $0.00 $633.47 $113,575.54
96 $113,575.54 $906.35 $0.00 $642.17 $115,124.06
97 $115,124.06 $906.35 $0.00 $650.93 $116,681.34
98 $116,681.34 $906.35 $0.00 $659.73 $118,247.42
99 $118,247.42 $906.35 $0.00 $668.59 $119,822.36
100 $119,822.36 $906.35 $0.00 $677.49 $121,406.20
101 $121,406.20 $906.35 $0.00 $686.45 $122,999.00
102 $122,999.00 $906.35 $0.00 $695.45 $124,600.80
103 $124,600.80 $906.35 $0.00 $704.51 $126,211.66
104 $126,211.66 $906.35 $0.00 $713.62 $127,831.63
105 $127,831.63 $906.35 $0.00 $722.78 $129,460.76
106 $129,460.76 $906.35 $0.00 $731.99 $131,099.10
107 $131,099.10 $906.35 $0.00 $741.25 $132,746.70
108 $132,746.70 $906.35 $0.00 $750.57 $134,403.62
109 $134,403.62 $906.35 $0.00 $759.94 $136,069.91
110 $136,069.91 $906.35 $0.00 $769.36 $137,745.62
111 $137,745.62 $906.35 $0.00 $778.83 $139,430.80
112 $139,430.80 $906.35 $0.00 $788.36 $141,125.51
113 $141,125.51 $906.35 $0.00 $797.94 $142,829.80
114 $142,829.80 $906.35 $0.00 $807.58 $144,543.73
115 $144,543.73 $906.35 $0.00 $817.27 $146,267.35
116 $146,267.35 $906.35 $0.00 $827.02 $148,000.72
117 $148,000.72 $906.35 $0.00 $836.82 $149,743.89
118 $149,743.89 $906.35 $0.00 $846.67 $151,496.91
119 $151,496.91 $906.35 $0.00 $856.59 $153,259.85
120 $153,259.85 $906.35 $0.00 $866.55 $155,032.75
121 $155,032.75 $906.35 $0.00 $876.58 $156,815.68
122 $156,815.68 $906.35 $0.00 $886.66 $158,608.69
123 $158,608.69 $906.35 $0.00 $896.80 $160,411.84
124 $160,411.84 $906.35 $0.00 $906.99 $162,225.18
125 $162,225.18 $906.35 $0.00 $917.24 $164,048.77
126 $164,048.77 $906.35 $0.00 $927.56 $165,882.68
127 $165,882.68 $906.35 $0.00 $937.92 $167,726.95
128 $167,726.95 $906.35 $0.00 $948.35 $169,581.65
129 $169,581.65 $906.35 $0.00 $958.84 $171,446.84
130 $171,446.84 $906.35 $0.00 $969.39 $173,322.58
131 $173,322.58 $906.35 $0.00 $979.99 $175,208.92
132 $175,208.92 $906.35 $0.00 $990.66 $177,105.93
133 $177,105.93 $906.35 $0.00 $1,001.38 $179,013.66
134 $179,013.66 $906.35 $0.00 $1,012.17 $180,932.18
135 $180,932.18 $906.35 $0.00 $1,023.02 $182,861.55
136 $182,861.55 $906.35 $0.00 $1,033.93 $184,801.83
137 $184,801.83 $906.35 $0.00 $1,044.90 $186,753.08
138 $186,753.08 $906.35 $0.00 $1,055.93 $188,715.36
139 $188,715.36 $906.35 $0.00 $1,067.02 $190,688.73
140 $190,688.73 $906.35 $0.00 $1,078.18 $192,673.26
141 $192,673.26 $906.35 $0.00 $1,089.40 $194,669.01
142 $194,669.01 $906.35 $0.00 $1,100.69 $196,676.05
143 $196,676.05 $906.35 $0.00 $1,112.03 $198,694.43
144 $198,694.43 $906.35 $0.00 $1,123.45 $200,724.23
145 $200,724.23 $906.35 $0.00 $1,134.92 $202,765.50
146 $202,765.50 $906.35 $0.00 $1,146.47 $204,818.32
147 $204,818.32 $906.35 $0.00 $1,158.07 $206,882.74
148 $206,882.74 $906.35 $0.00 $1,169.75 $208,958.84
149 $208,958.84 $906.35 $0.00 $1,181.48 $211,046.67
150 $211,046.67 $906.35 $0.00 $1,193.29 $213,146.31
151 $213,146.31 $906.35 $0.00 $1,205.16 $215,257.82
152 $215,257.82 $906.35 $0.00 $1,217.10 $217,381.27
153 $217,381.27 $906.35 $0.00 $1,229.11 $219,516.73
154 $219,516.73 $906.35 $0.00 $1,241.18 $221,664.26
155 $221,664.26 $906.35 $0.00 $1,253.32 $223,823.93
156 $223,823.93 $906.35 $0.00 $1,265.53 $225,995.81
157 $225,995.81 $906.35 $0.00 $1,277.81 $228,179.97
158 $228,179.97 $906.35 $0.00 $1,290.16 $230,376.48
159 $230,376.48 $906.35 $0.00 $1,302.58 $232,585.41
160 $232,585.41 $906.35 $0.00 $1,315.07 $234,806.83
161 $234,806.83 $906.35 $0.00 $1,327.63 $237,040.81
162 $237,040.81 $906.35 $0.00 $1,340.26 $239,287.42
163 $239,287.42 $906.35 $0.00 $1,352.97 $241,546.74
164 $241,546.74 $906.35 $0.00 $1,365.74 $243,818.83
165 $243,818.83 $906.35 $0.00 $1,378.59 $246,103.77
166 $246,103.77 $906.35 $0.00 $1,391.51 $248,401.63
167 $248,401.63 $906.35 $0.00 $1,404.50 $250,712.48
168 $250,712.48 $906.35 $0.00 $1,417.56 $253,036.39
169 $253,036.39 $906.35 $0.00 $1,430.70 $255,373.44
170 $255,373.44 $906.35 $0.00 $1,443.92 $257,723.71
171 $257,723.71 $906.35 $0.00 $1,457.21 $260,087.27
172 $260,087.27 $906.35 $0.00 $1,470.57 $262,464.19
173 $262,464.19 $906.35 $0.00 $1,484.01 $264,854.55
174 $264,854.55 $906.35 $0.00 $1,497.53 $267,258.43
175 $267,258.43 $906.35 $0.00 $1,511.12 $269,675.90
176 $269,675.90 $906.35 $0.00 $1,524.79 $272,107.04
177 $272,107.04 $906.35 $0.00 $1,538.53 $274,551.92
178 $274,551.92 $906.35 $0.00 $1,552.36 $277,010.63
179 $277,010.63 $906.35 $0.00 $1,566.26 $279,483.24
180 $279,483.24 $906.35 $0.00 $1,580.24 $281,969.83
181 $281,969.83 $906.35 $0.00 $1,594.30 $284,470.48
182 $284,470.48 $906.35 $0.00 $1,608.44 $286,985.27
183 $286,985.27 $906.35 $0.00 $1,622.66 $289,514.28
184 $289,514.28 $906.35 $0.00 $1,636.96 $292,057.59
185 $292,057.59 $906.35 $0.00 $1,651.34 $294,615.28
186 $294,615.28 $906.35 $0.00 $1,665.80 $297,187.43
187 $297,187.43 $906.35 $0.00 $1,680.34 $299,774.12
188 $299,774.12 $906.35 $0.00 $1,694.97 $302,375.44
189 $302,375.44 $906.35 $0.00 $1,709.67 $304,991.46
190 $304,991.46 $906.35 $0.00 $1,724.47 $307,622.28
191 $307,622.28 $906.35 $0.00 $1,739.34 $310,267.97
192 $310,267.97 $906.35 $0.00 $1,754.30 $312,928.62
193 $312,928.62 $906.35 $0.00 $1,769.34 $315,604.31
194 $315,604.31 $906.35 $0.00 $1,784.47 $318,295.13
195 $318,295.13 $906.35 $0.00 $1,799.69 $321,001.17
196 $321,001.17 $906.35 $0.00 $1,814.99 $323,722.51
197 $323,722.51 $906.35 $0.00 $1,830.37 $326,459.23
198 $326,459.23 $906.35 $0.00 $1,845.85 $329,211.43
199 $329,211.43 $906.35 $0.00 $1,861.41 $331,979.19
200 $331,979.19 $906.35 $0.00 $1,877.06 $334,762.60
201 $334,762.60 $906.35 $0.00 $1,892.80 $337,561.75
202 $337,561.75 $906.35 $0.00 $1,908.62 $340,376.72
203 $340,376.72 $906.35 $0.00 $1,924.54 $343,207.61
204 $343,207.61 $906.35 $0.00 $1,940.55 $346,054.51
205 $346,054.51 $906.35 $0.00 $1,956.64 $348,917.50
206 $348,917.50 $906.35 $0.00 $1,972.83 $351,796.68
207 $351,796.68 $906.35 $0.00 $1,989.11 $354,692.14
208 $354,692.14 $906.35 $0.00 $2,005.48 $357,603.97
209 $357,603.97 $906.35 $0.00 $2,021.94 $360,532.26
210 $360,532.26 $906.35 $0.00 $2,038.50 $363,477.11
211 $363,477.11 $906.35 $0.00 $2,055.15 $366,438.61
212 $366,438.61 $906.35 $0.00 $2,071.90 $369,416.86
213 $369,416.86 $906.35 $0.00 $2,088.74 $372,411.95
214 $372,411.95 $906.35 $0.00 $2,105.67 $375,423.97
215 $375,423.97 $906.35 $0.00 $2,122.70 $378,453.02
216 $378,453.02 $906.35 $0.00 $2,139.83 $381,499.20
217 $381,499.20 $906.35 $106,259.46 $2,157.05 $278,303.14
218 $278,303.14 $906.35 $0.00 $1,573.57 $280,783.06
219 $280,783.06 $906.35 $0.00 $1,587.59 $283,277.00
220 $283,277.00 $906.35 $0.00 $1,601.69 $285,785.04
221 $285,785.04 $906.35 $0.00 $1,615.87 $288,307.26
222 $288,307.26 $906.35 $0.00 $1,630.13 $290,843.74
223 $290,843.74 $906.35 $0.00 $1,644.47 $293,394.56
224 $293,394.56 $906.35 $0.00 $1,658.90 $295,959.81
225 $295,959.81 $906.35 $0.00 $1,673.40 $298,539.56
226 $298,539.56 $906.35 $0.00 $1,687.99 $301,133.90
227 $301,133.90 $906.35 $0.00 $1,702.65 $303,742.90
228 $303,742.90 $906.35 $0.00 $1,717.41 $306,366.66
229 $306,366.66 $906.35 $111,572.43 $1,732.24 $197,432.82
230 $197,432.82 $906.35 $0.00 $1,116.31 $199,455.48
231 $199,455.48 $906.35 $0.00 $1,127.75 $201,489.58
232 $201,489.58 $906.35 $0.00 $1,139.25 $203,535.18
233 $203,535.18 $906.35 $0.00 $1,150.82 $205,592.35
234 $205,592.35 $906.35 $0.00 $1,162.45 $207,661.15
235 $207,661.15 $906.35 $0.00 $1,174.15 $209,741.65
236 $209,741.65 $906.35 $0.00 $1,185.91 $211,833.91
237 $211,833.91 $906.35 $0.00 $1,197.74 $213,938.00
238 $213,938.00 $906.35 $0.00 $1,209.64 $216,053.99
239 $216,053.99 $906.35 $0.00 $1,221.60 $218,181.94
240 $218,181.94 $906.35 $0.00 $1,233.63 $220,321.92
241 $220,321.92 $906.35 $117,151.05 $1,245.73 $105,322.95
242 $105,322.95 $906.35 $0.00 $595.51 $106,824.81
243 $106,824.81 $906.35 $0.00 $604.00 $108,335.16
244 $108,335.16 $906.35 $0.00 $612.54 $109,854.05
245 $109,854.05 $906.35 $0.00 $621.13 $111,381.53
246 $111,381.53 $906.35 $0.00 $629.77 $112,917.65
247 $112,917.65 $906.35 $0.00 $638.45 $114,462.45
248 $114,462.45 $906.35 $0.00 $647.19 $116,015.99
249 $116,015.99 $906.35 $0.00 $655.97 $117,578.31
250 $117,578.31 $906.35 $0.00 $664.80 $119,149.46
251 $119,149.46 $906.35 $0.00 $673.69 $120,729.50
252 $120,729.50 $906.35 $0.00 $682.62 $122,318.47
253 $122,318.47 $0.00 $123,008.61 $691.61 $1.47