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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$55,088
Monthly savings required$436

How much will it cost to send your child to Concord University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $220,350.02 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $436.06 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$21,243.00
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 $436.06 $0.00 $0.00 $436.06
2 $436.06 $436.06 $0.00 $2.47 $874.59
3 $874.59 $436.06 $0.00 $4.95 $1,315.60
4 $1,315.60 $436.06 $0.00 $7.44 $1,759.10
5 $1,759.10 $436.06 $0.00 $9.95 $2,205.11
6 $2,205.11 $436.06 $0.00 $12.47 $2,653.64
7 $2,653.64 $436.06 $0.00 $15.00 $3,104.70
8 $3,104.70 $436.06 $0.00 $17.55 $3,558.31
9 $3,558.31 $436.06 $0.00 $20.12 $4,014.49
10 $4,014.49 $436.06 $0.00 $22.70 $4,473.25
11 $4,473.25 $436.06 $0.00 $25.29 $4,934.60
12 $4,934.60 $436.06 $0.00 $27.90 $5,398.56
13 $5,398.56 $436.06 $0.00 $30.52 $5,865.14
14 $5,865.14 $436.06 $0.00 $33.16 $6,334.36
15 $6,334.36 $436.06 $0.00 $35.82 $6,806.24
16 $6,806.24 $436.06 $0.00 $38.48 $7,280.78
17 $7,280.78 $436.06 $0.00 $41.17 $7,758.01
18 $7,758.01 $436.06 $0.00 $43.86 $8,237.93
19 $8,237.93 $436.06 $0.00 $46.58 $8,720.57
20 $8,720.57 $436.06 $0.00 $49.31 $9,205.94
21 $9,205.94 $436.06 $0.00 $52.05 $9,694.05
22 $9,694.05 $436.06 $0.00 $54.81 $10,184.92
23 $10,184.92 $436.06 $0.00 $57.59 $10,678.57
24 $10,678.57 $436.06 $0.00 $60.38 $11,175.01
25 $11,175.01 $436.06 $0.00 $63.19 $11,674.26
26 $11,674.26 $436.06 $0.00 $66.01 $12,176.33
27 $12,176.33 $436.06 $0.00 $68.85 $12,681.24
28 $12,681.24 $436.06 $0.00 $71.70 $13,189.00
29 $13,189.00 $436.06 $0.00 $74.57 $13,699.63
30 $13,699.63 $436.06 $0.00 $77.46 $14,213.15
31 $14,213.15 $436.06 $0.00 $80.36 $14,729.57
32 $14,729.57 $436.06 $0.00 $83.28 $15,248.91
33 $15,248.91 $436.06 $0.00 $86.22 $15,771.19
34 $15,771.19 $436.06 $0.00 $89.17 $16,296.42
35 $16,296.42 $436.06 $0.00 $92.14 $16,824.62
36 $16,824.62 $436.06 $0.00 $95.13 $17,355.81
37 $17,355.81 $436.06 $0.00 $98.13 $17,890.00
38 $17,890.00 $436.06 $0.00 $101.15 $18,427.21
39 $18,427.21 $436.06 $0.00 $104.19 $18,967.46
40 $18,967.46 $436.06 $0.00 $107.24 $19,510.76
41 $19,510.76 $436.06 $0.00 $110.32 $20,057.14
42 $20,057.14 $436.06 $0.00 $113.41 $20,606.61
43 $20,606.61 $436.06 $0.00 $116.51 $21,159.18
44 $21,159.18 $436.06 $0.00 $119.64 $21,714.88
45 $21,714.88 $436.06 $0.00 $122.78 $22,273.72
46 $22,273.72 $436.06 $0.00 $125.94 $22,835.72
47 $22,835.72 $436.06 $0.00 $129.12 $23,400.90
48 $23,400.90 $436.06 $0.00 $132.31 $23,969.27
49 $23,969.27 $436.06 $0.00 $135.53 $24,540.86
50 $24,540.86 $436.06 $0.00 $138.76 $25,115.68
51 $25,115.68 $436.06 $0.00 $142.01 $25,693.75
52 $25,693.75 $436.06 $0.00 $145.28 $26,275.09
53 $26,275.09 $436.06 $0.00 $148.56 $26,859.71
54 $26,859.71 $436.06 $0.00 $151.87 $27,447.64
55 $27,447.64 $436.06 $0.00 $155.19 $28,038.89
56 $28,038.89 $436.06 $0.00 $158.54 $28,633.49
57 $28,633.49 $436.06 $0.00 $161.90 $29,231.45
58 $29,231.45 $436.06 $0.00 $165.28 $29,832.79
59 $29,832.79 $436.06 $0.00 $168.68 $30,437.53
60 $30,437.53 $436.06 $0.00 $172.10 $31,045.69
61 $31,045.69 $436.06 $0.00 $175.54 $31,657.29
62 $31,657.29 $436.06 $0.00 $178.99 $32,272.34
63 $32,272.34 $436.06 $0.00 $182.47 $32,890.87
64 $32,890.87 $436.06 $0.00 $185.97 $33,512.90
65 $33,512.90 $436.06 $0.00 $189.49 $34,138.45
66 $34,138.45 $436.06 $0.00 $193.02 $34,767.53
67 $34,767.53 $436.06 $0.00 $196.58 $35,400.17
68 $35,400.17 $436.06 $0.00 $200.16 $36,036.39
69 $36,036.39 $436.06 $0.00 $203.75 $36,676.20
70 $36,676.20 $436.06 $0.00 $207.37 $37,319.63
71 $37,319.63 $436.06 $0.00 $211.01 $37,966.70
72 $37,966.70 $436.06 $0.00 $214.67 $38,617.43
73 $38,617.43 $436.06 $0.00 $218.35 $39,271.84
74 $39,271.84 $436.06 $0.00 $222.05 $39,929.95
75 $39,929.95 $436.06 $0.00 $225.77 $40,591.78
76 $40,591.78 $436.06 $0.00 $229.51 $41,257.35
77 $41,257.35 $436.06 $0.00 $233.28 $41,926.69
78 $41,926.69 $436.06 $0.00 $237.06 $42,599.81
79 $42,599.81 $436.06 $0.00 $240.87 $43,276.74
80 $43,276.74 $436.06 $0.00 $244.69 $43,957.49
81 $43,957.49 $436.06 $0.00 $248.54 $44,642.09
82 $44,642.09 $436.06 $0.00 $252.41 $45,330.56
83 $45,330.56 $436.06 $0.00 $256.31 $46,022.93
84 $46,022.93 $436.06 $0.00 $260.22 $46,719.21
85 $46,719.21 $436.06 $0.00 $264.16 $47,419.43
86 $47,419.43 $436.06 $0.00 $268.12 $48,123.61
87 $48,123.61 $436.06 $0.00 $272.10 $48,831.77
88 $48,831.77 $436.06 $0.00 $276.10 $49,543.93
89 $49,543.93 $436.06 $0.00 $280.13 $50,260.12
90 $50,260.12 $436.06 $0.00 $284.18 $50,980.36
91 $50,980.36 $436.06 $0.00 $288.25 $51,704.67
92 $51,704.67 $436.06 $0.00 $292.35 $52,433.08
93 $52,433.08 $436.06 $0.00 $296.46 $53,165.60
94 $53,165.60 $436.06 $0.00 $300.61 $53,902.27
95 $53,902.27 $436.06 $0.00 $304.77 $54,643.10
96 $54,643.10 $436.06 $0.00 $308.96 $55,388.12
97 $55,388.12 $436.06 $0.00 $313.17 $56,137.35
98 $56,137.35 $436.06 $0.00 $317.41 $56,890.82
99 $56,890.82 $436.06 $0.00 $321.67 $57,648.55
100 $57,648.55 $436.06 $0.00 $325.95 $58,410.56
101 $58,410.56 $436.06 $0.00 $330.26 $59,176.88
102 $59,176.88 $436.06 $0.00 $334.59 $59,947.53
103 $59,947.53 $436.06 $0.00 $338.95 $60,722.54
104 $60,722.54 $436.06 $0.00 $343.33 $61,501.93
105 $61,501.93 $436.06 $0.00 $347.74 $62,285.73
106 $62,285.73 $436.06 $0.00 $352.17 $63,073.96
107 $63,073.96 $436.06 $0.00 $356.63 $63,866.65
108 $63,866.65 $436.06 $0.00 $361.11 $64,663.82
109 $64,663.82 $436.06 $0.00 $365.62 $65,465.50
110 $65,465.50 $436.06 $0.00 $370.15 $66,271.71
111 $66,271.71 $436.06 $0.00 $374.71 $67,082.48
112 $67,082.48 $436.06 $0.00 $379.29 $67,897.83
113 $67,897.83 $436.06 $0.00 $383.90 $68,717.79
114 $68,717.79 $436.06 $0.00 $388.54 $69,542.39
115 $69,542.39 $436.06 $0.00 $393.20 $70,371.65
116 $70,371.65 $436.06 $0.00 $397.89 $71,205.60
117 $71,205.60 $436.06 $0.00 $402.61 $72,044.27
118 $72,044.27 $436.06 $0.00 $407.35 $72,887.68
119 $72,887.68 $436.06 $0.00 $412.12 $73,735.86
120 $73,735.86 $436.06 $0.00 $416.91 $74,588.83
121 $74,588.83 $436.06 $0.00 $421.74 $75,446.63
122 $75,446.63 $436.06 $0.00 $426.59 $76,309.28
123 $76,309.28 $436.06 $0.00 $431.46 $77,176.80
124 $77,176.80 $436.06 $0.00 $436.37 $78,049.23
125 $78,049.23 $436.06 $0.00 $441.30 $78,926.59
126 $78,926.59 $436.06 $0.00 $446.26 $79,808.91
127 $79,808.91 $436.06 $0.00 $451.25 $80,696.22
128 $80,696.22 $436.06 $0.00 $456.27 $81,588.55
129 $81,588.55 $436.06 $0.00 $461.31 $82,485.92
130 $82,485.92 $436.06 $0.00 $466.39 $83,388.37
131 $83,388.37 $436.06 $0.00 $471.49 $84,295.92
132 $84,295.92 $436.06 $0.00 $476.62 $85,208.60
133 $85,208.60 $436.06 $0.00 $481.78 $86,126.44
134 $86,126.44 $436.06 $0.00 $486.97 $87,049.47
135 $87,049.47 $436.06 $0.00 $492.19 $87,977.72
136 $87,977.72 $436.06 $0.00 $497.44 $88,911.22
137 $88,911.22 $436.06 $0.00 $502.72 $89,850.00
138 $89,850.00 $436.06 $0.00 $508.02 $90,794.08
139 $90,794.08 $436.06 $0.00 $513.36 $91,743.50
140 $91,743.50 $436.06 $0.00 $518.73 $92,698.29
141 $92,698.29 $436.06 $0.00 $524.13 $93,658.48
142 $93,658.48 $436.06 $0.00 $529.56 $94,624.10
143 $94,624.10 $436.06 $0.00 $535.02 $95,595.18
144 $95,595.18 $436.06 $0.00 $540.51 $96,571.75
145 $96,571.75 $436.06 $0.00 $546.03 $97,553.84
146 $97,553.84 $436.06 $0.00 $551.58 $98,541.48
147 $98,541.48 $436.06 $0.00 $557.17 $99,534.71
148 $99,534.71 $436.06 $0.00 $562.78 $100,533.55
149 $100,533.55 $436.06 $0.00 $568.43 $101,538.04
150 $101,538.04 $436.06 $0.00 $574.11 $102,548.21
151 $102,548.21 $436.06 $0.00 $579.82 $103,564.09
152 $103,564.09 $436.06 $0.00 $585.57 $104,585.72
153 $104,585.72 $436.06 $0.00 $591.34 $105,613.12
154 $105,613.12 $436.06 $0.00 $597.15 $106,646.33
155 $106,646.33 $436.06 $0.00 $602.99 $107,685.38
156 $107,685.38 $436.06 $0.00 $608.87 $108,730.31
157 $108,730.31 $436.06 $0.00 $614.78 $109,781.15
158 $109,781.15 $436.06 $0.00 $620.72 $110,837.93
159 $110,837.93 $436.06 $0.00 $626.69 $111,900.68
160 $111,900.68 $436.06 $0.00 $632.70 $112,969.44
161 $112,969.44 $436.06 $0.00 $638.75 $114,044.25
162 $114,044.25 $436.06 $0.00 $644.82 $115,125.13
163 $115,125.13 $436.06 $0.00 $650.93 $116,212.12
164 $116,212.12 $436.06 $0.00 $657.08 $117,305.26
165 $117,305.26 $436.06 $0.00 $663.26 $118,404.58
166 $118,404.58 $436.06 $0.00 $669.48 $119,510.12
167 $119,510.12 $436.06 $0.00 $675.73 $120,621.91
168 $120,621.91 $436.06 $0.00 $682.01 $121,739.98
169 $121,739.98 $436.06 $0.00 $688.34 $122,864.38
170 $122,864.38 $436.06 $0.00 $694.69 $123,995.13
171 $123,995.13 $436.06 $0.00 $701.09 $125,132.28
172 $125,132.28 $436.06 $0.00 $707.52 $126,275.86
173 $126,275.86 $436.06 $0.00 $713.98 $127,425.90
174 $127,425.90 $436.06 $0.00 $720.48 $128,582.44
175 $128,582.44 $436.06 $0.00 $727.02 $129,745.52
176 $129,745.52 $436.06 $0.00 $733.60 $130,915.18
177 $130,915.18 $436.06 $0.00 $740.21 $132,091.45
178 $132,091.45 $436.06 $0.00 $746.86 $133,274.37
179 $133,274.37 $436.06 $0.00 $753.55 $134,463.98
180 $134,463.98 $436.06 $0.00 $760.28 $135,660.32
181 $135,660.32 $436.06 $0.00 $767.04 $136,863.42
182 $136,863.42 $436.06 $0.00 $773.85 $138,073.33
183 $138,073.33 $436.06 $0.00 $780.69 $139,290.08
184 $139,290.08 $436.06 $0.00 $787.57 $140,513.71
185 $140,513.71 $436.06 $0.00 $794.48 $141,744.25
186 $141,744.25 $436.06 $0.00 $801.44 $142,981.75
187 $142,981.75 $436.06 $0.00 $808.44 $144,226.25
188 $144,226.25 $436.06 $0.00 $815.48 $145,477.79
189 $145,477.79 $436.06 $0.00 $822.55 $146,736.40
190 $146,736.40 $436.06 $0.00 $829.67 $148,002.13
191 $148,002.13 $436.06 $0.00 $836.83 $149,275.02
192 $149,275.02 $436.06 $0.00 $844.02 $150,555.10
193 $150,555.10 $436.06 $0.00 $851.26 $151,842.42
194 $151,842.42 $436.06 $0.00 $858.54 $153,137.02
195 $153,137.02 $436.06 $0.00 $865.86 $154,438.94
196 $154,438.94 $436.06 $0.00 $873.22 $155,748.22
197 $155,748.22 $436.06 $0.00 $880.62 $157,064.90
198 $157,064.90 $436.06 $0.00 $888.07 $158,389.03
199 $158,389.03 $436.06 $0.00 $895.55 $159,720.64
200 $159,720.64 $436.06 $0.00 $903.08 $161,059.78
201 $161,059.78 $436.06 $0.00 $910.66 $162,406.50
202 $162,406.50 $436.06 $0.00 $918.27 $163,760.83
203 $163,760.83 $436.06 $0.00 $925.93 $165,122.82
204 $165,122.82 $436.06 $0.00 $933.63 $166,492.51
205 $166,492.51 $436.06 $0.00 $941.37 $167,869.94
206 $167,869.94 $436.06 $0.00 $949.16 $169,255.16
207 $169,255.16 $436.06 $0.00 $956.99 $170,648.21
208 $170,648.21 $436.06 $0.00 $964.87 $172,049.14
209 $172,049.14 $436.06 $0.00 $972.79 $173,457.99
210 $173,457.99 $436.06 $0.00 $980.76 $174,874.81
211 $174,874.81 $436.06 $0.00 $988.77 $176,299.64
212 $176,299.64 $436.06 $0.00 $996.82 $177,732.52
213 $177,732.52 $436.06 $0.00 $1,004.93 $179,173.51
214 $179,173.51 $436.06 $0.00 $1,013.07 $180,622.64
215 $180,622.64 $436.06 $0.00 $1,021.27 $182,079.97
216 $182,079.97 $436.06 $0.00 $1,029.51 $183,545.54
217 $183,545.54 $436.06 $51,123.81 $1,037.79 $133,895.58
218 $133,895.58 $436.06 $0.00 $757.07 $135,088.71
219 $135,088.71 $436.06 $0.00 $763.81 $136,288.58
220 $136,288.58 $436.06 $0.00 $770.60 $137,495.24
221 $137,495.24 $436.06 $0.00 $777.42 $138,708.72
222 $138,708.72 $436.06 $0.00 $784.28 $139,929.06
223 $139,929.06 $436.06 $0.00 $791.18 $141,156.30
224 $141,156.30 $436.06 $0.00 $798.12 $142,390.48
225 $142,390.48 $436.06 $0.00 $805.10 $143,631.64
226 $143,631.64 $436.06 $0.00 $812.11 $144,879.81
227 $144,879.81 $436.06 $0.00 $819.17 $146,135.04
228 $146,135.04 $436.06 $0.00 $826.27 $147,397.37
229 $147,397.37 $436.06 $53,680.00 $833.41 $94,986.84
230 $94,986.84 $436.06 $0.00 $537.07 $95,959.97
231 $95,959.97 $436.06 $0.00 $542.57 $96,938.60
232 $96,938.60 $436.06 $0.00 $548.10 $97,922.76
233 $97,922.76 $436.06 $0.00 $553.67 $98,912.49
234 $98,912.49 $436.06 $0.00 $559.27 $99,907.82
235 $99,907.82 $436.06 $0.00 $564.89 $100,908.77
236 $100,908.77 $436.06 $0.00 $570.55 $101,915.38
237 $101,915.38 $436.06 $0.00 $576.24 $102,927.68
238 $102,927.68 $436.06 $0.00 $581.97 $103,945.71
239 $103,945.71 $436.06 $0.00 $587.72 $104,969.49
240 $104,969.49 $436.06 $0.00 $593.51 $105,999.06
241 $105,999.06 $436.06 $56,364.00 $599.33 $50,670.45
242 $50,670.45 $436.06 $0.00 $286.50 $51,393.01
243 $51,393.01 $436.06 $0.00 $290.58 $52,119.65
244 $52,119.65 $436.06 $0.00 $294.69 $52,850.40
245 $52,850.40 $436.06 $0.00 $298.82 $53,585.28
246 $53,585.28 $436.06 $0.00 $302.98 $54,324.32
247 $54,324.32 $436.06 $0.00 $307.16 $55,067.54
248 $55,067.54 $436.06 $0.00 $311.36 $55,814.96
249 $55,814.96 $436.06 $0.00 $315.59 $56,566.61
250 $56,566.61 $436.06 $0.00 $319.84 $57,322.51
251 $57,322.51 $436.06 $0.00 $324.11 $58,082.68
252 $58,082.68 $436.06 $0.00 $328.41 $58,847.15
253 $58,847.15 $0.00 $59,182.20 $332.73 ($2.32)