Savings Plan and Future Cost Estimation for Concord University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$57,512
Monthly savings required$455

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 $230,048.62 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $455.25 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$22,178.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Concord University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $455.25 $0.00 $0.00 $455.25
2 $455.25 $455.25 $0.00 $2.57 $913.07
3 $913.07 $455.25 $0.00 $5.16 $1,373.48
4 $1,373.48 $455.25 $0.00 $7.77 $1,836.50
5 $1,836.50 $455.25 $0.00 $10.38 $2,302.13
6 $2,302.13 $455.25 $0.00 $13.02 $2,770.40
7 $2,770.40 $455.25 $0.00 $15.66 $3,241.31
8 $3,241.31 $455.25 $0.00 $18.33 $3,714.89
9 $3,714.89 $455.25 $0.00 $21.00 $4,191.14
10 $4,191.14 $455.25 $0.00 $23.70 $4,670.09
11 $4,670.09 $455.25 $0.00 $26.41 $5,151.75
12 $5,151.75 $455.25 $0.00 $29.13 $5,636.13
13 $5,636.13 $455.25 $0.00 $31.87 $6,123.25
14 $6,123.25 $455.25 $0.00 $34.62 $6,613.12
15 $6,613.12 $455.25 $0.00 $37.39 $7,105.76
16 $7,105.76 $455.25 $0.00 $40.18 $7,601.19
17 $7,601.19 $455.25 $0.00 $42.98 $8,099.42
18 $8,099.42 $455.25 $0.00 $45.80 $8,600.47
19 $8,600.47 $455.25 $0.00 $48.63 $9,104.35
20 $9,104.35 $455.25 $0.00 $51.48 $9,611.08
21 $9,611.08 $455.25 $0.00 $54.34 $10,120.67
22 $10,120.67 $455.25 $0.00 $57.22 $10,633.14
23 $10,633.14 $455.25 $0.00 $60.12 $11,148.51
24 $11,148.51 $455.25 $0.00 $63.04 $11,666.80
25 $11,666.80 $455.25 $0.00 $65.97 $12,188.02
26 $12,188.02 $455.25 $0.00 $68.91 $12,712.18
27 $12,712.18 $455.25 $0.00 $71.88 $13,239.31
28 $13,239.31 $455.25 $0.00 $74.86 $13,769.42
29 $13,769.42 $455.25 $0.00 $77.85 $14,302.52
30 $14,302.52 $455.25 $0.00 $80.87 $14,838.64
31 $14,838.64 $455.25 $0.00 $83.90 $15,377.79
32 $15,377.79 $455.25 $0.00 $86.95 $15,919.99
33 $15,919.99 $455.25 $0.00 $90.01 $16,465.25
34 $16,465.25 $455.25 $0.00 $93.10 $17,013.60
35 $17,013.60 $455.25 $0.00 $96.20 $17,565.05
36 $17,565.05 $455.25 $0.00 $99.32 $18,119.62
37 $18,119.62 $455.25 $0.00 $102.45 $18,677.32
38 $18,677.32 $455.25 $0.00 $105.60 $19,238.17
39 $19,238.17 $455.25 $0.00 $108.78 $19,802.20
40 $19,802.20 $455.25 $0.00 $111.96 $20,369.41
41 $20,369.41 $455.25 $0.00 $115.17 $20,939.83
42 $20,939.83 $455.25 $0.00 $118.40 $21,513.48
43 $21,513.48 $455.25 $0.00 $121.64 $22,090.37
44 $22,090.37 $455.25 $0.00 $124.90 $22,670.52
45 $22,670.52 $455.25 $0.00 $128.18 $23,253.95
46 $23,253.95 $455.25 $0.00 $131.48 $23,840.68
47 $23,840.68 $455.25 $0.00 $134.80 $24,430.73
48 $24,430.73 $455.25 $0.00 $138.13 $25,024.11
49 $25,024.11 $455.25 $0.00 $141.49 $25,620.85
50 $25,620.85 $455.25 $0.00 $144.86 $26,220.96
51 $26,220.96 $455.25 $0.00 $148.26 $26,824.47
52 $26,824.47 $455.25 $0.00 $151.67 $27,431.39
53 $27,431.39 $455.25 $0.00 $155.10 $28,041.74
54 $28,041.74 $455.25 $0.00 $158.55 $28,655.54
55 $28,655.54 $455.25 $0.00 $162.02 $29,272.81
56 $29,272.81 $455.25 $0.00 $165.51 $29,893.57
57 $29,893.57 $455.25 $0.00 $169.02 $30,517.84
58 $30,517.84 $455.25 $0.00 $172.55 $31,145.64
59 $31,145.64 $455.25 $0.00 $176.10 $31,776.99
60 $31,776.99 $455.25 $0.00 $179.67 $32,411.91
61 $32,411.91 $455.25 $0.00 $183.26 $33,050.42
62 $33,050.42 $455.25 $0.00 $186.87 $33,692.54
63 $33,692.54 $455.25 $0.00 $190.50 $34,338.29
64 $34,338.29 $455.25 $0.00 $194.15 $34,987.69
65 $34,987.69 $455.25 $0.00 $197.83 $35,640.77
66 $35,640.77 $455.25 $0.00 $201.52 $36,297.54
67 $36,297.54 $455.25 $0.00 $205.23 $36,958.02
68 $36,958.02 $455.25 $0.00 $208.97 $37,622.24
69 $37,622.24 $455.25 $0.00 $212.72 $38,290.21
70 $38,290.21 $455.25 $0.00 $216.50 $38,961.96
71 $38,961.96 $455.25 $0.00 $220.30 $39,637.51
72 $39,637.51 $455.25 $0.00 $224.12 $40,316.88
73 $40,316.88 $455.25 $0.00 $227.96 $41,000.09
74 $41,000.09 $455.25 $0.00 $231.82 $41,687.16
75 $41,687.16 $455.25 $0.00 $235.71 $42,378.12
76 $42,378.12 $455.25 $0.00 $239.61 $43,072.98
77 $43,072.98 $455.25 $0.00 $243.54 $43,771.77
78 $43,771.77 $455.25 $0.00 $247.49 $44,474.51
79 $44,474.51 $455.25 $0.00 $251.47 $45,181.23
80 $45,181.23 $455.25 $0.00 $255.46 $45,891.94
81 $45,891.94 $455.25 $0.00 $259.48 $46,606.67
82 $46,606.67 $455.25 $0.00 $263.52 $47,325.44
83 $47,325.44 $455.25 $0.00 $267.58 $48,048.27
84 $48,048.27 $455.25 $0.00 $271.67 $48,775.19
85 $48,775.19 $455.25 $0.00 $275.78 $49,506.22
86 $49,506.22 $455.25 $0.00 $279.92 $50,241.39
87 $50,241.39 $455.25 $0.00 $284.07 $50,980.71
88 $50,980.71 $455.25 $0.00 $288.25 $51,724.21
89 $51,724.21 $455.25 $0.00 $292.46 $52,471.92
90 $52,471.92 $455.25 $0.00 $296.68 $53,223.85
91 $53,223.85 $455.25 $0.00 $300.94 $53,980.04
92 $53,980.04 $455.25 $0.00 $305.21 $54,740.50
93 $54,740.50 $455.25 $0.00 $309.51 $55,505.26
94 $55,505.26 $455.25 $0.00 $313.83 $56,274.34
95 $56,274.34 $455.25 $0.00 $318.18 $57,047.77
96 $57,047.77 $455.25 $0.00 $322.56 $57,825.58
97 $57,825.58 $455.25 $0.00 $326.95 $58,607.78
98 $58,607.78 $455.25 $0.00 $331.38 $59,394.41
99 $59,394.41 $455.25 $0.00 $335.82 $60,185.48
100 $60,185.48 $455.25 $0.00 $340.30 $60,981.03
101 $60,981.03 $455.25 $0.00 $344.80 $61,781.08
102 $61,781.08 $455.25 $0.00 $349.32 $62,585.65
103 $62,585.65 $455.25 $0.00 $353.87 $63,394.77
104 $63,394.77 $455.25 $0.00 $358.44 $64,208.46
105 $64,208.46 $455.25 $0.00 $363.04 $65,026.75
106 $65,026.75 $455.25 $0.00 $367.67 $65,849.67
107 $65,849.67 $455.25 $0.00 $372.32 $66,677.24
108 $66,677.24 $455.25 $0.00 $377.00 $67,509.49
109 $67,509.49 $455.25 $0.00 $381.71 $68,346.45
110 $68,346.45 $455.25 $0.00 $386.44 $69,188.14
111 $69,188.14 $455.25 $0.00 $391.20 $70,034.59
112 $70,034.59 $455.25 $0.00 $395.99 $70,885.83
113 $70,885.83 $455.25 $0.00 $400.80 $71,741.88
114 $71,741.88 $455.25 $0.00 $405.64 $72,602.77
115 $72,602.77 $455.25 $0.00 $410.51 $73,468.53
116 $73,468.53 $455.25 $0.00 $415.40 $74,339.18
117 $74,339.18 $455.25 $0.00 $420.32 $75,214.75
118 $75,214.75 $455.25 $0.00 $425.28 $76,095.28
119 $76,095.28 $455.25 $0.00 $430.25 $76,980.78
120 $76,980.78 $455.25 $0.00 $435.26 $77,871.29
121 $77,871.29 $455.25 $0.00 $440.30 $78,766.84
122 $78,766.84 $455.25 $0.00 $445.36 $79,667.45
123 $79,667.45 $455.25 $0.00 $450.45 $80,573.15
124 $80,573.15 $455.25 $0.00 $455.57 $81,483.97
125 $81,483.97 $455.25 $0.00 $460.72 $82,399.94
126 $82,399.94 $455.25 $0.00 $465.90 $83,321.09
127 $83,321.09 $455.25 $0.00 $471.11 $84,247.45
128 $84,247.45 $455.25 $0.00 $476.35 $85,179.05
129 $85,179.05 $455.25 $0.00 $481.61 $86,115.91
130 $86,115.91 $455.25 $0.00 $486.91 $87,058.07
131 $87,058.07 $455.25 $0.00 $492.24 $88,005.56
132 $88,005.56 $455.25 $0.00 $497.60 $88,958.41
133 $88,958.41 $455.25 $0.00 $502.98 $89,916.64
134 $89,916.64 $455.25 $0.00 $508.40 $90,880.29
135 $90,880.29 $455.25 $0.00 $513.85 $91,849.39
136 $91,849.39 $455.25 $0.00 $519.33 $92,823.97
137 $92,823.97 $455.25 $0.00 $524.84 $93,804.06
138 $93,804.06 $455.25 $0.00 $530.38 $94,789.69
139 $94,789.69 $455.25 $0.00 $535.95 $95,780.89
140 $95,780.89 $455.25 $0.00 $541.56 $96,777.70
141 $96,777.70 $455.25 $0.00 $547.20 $97,780.15
142 $97,780.15 $455.25 $0.00 $552.86 $98,788.26
143 $98,788.26 $455.25 $0.00 $558.56 $99,802.07
144 $99,802.07 $455.25 $0.00 $564.30 $100,821.62
145 $100,821.62 $455.25 $0.00 $570.06 $101,846.93
146 $101,846.93 $455.25 $0.00 $575.86 $102,878.04
147 $102,878.04 $455.25 $0.00 $581.69 $103,914.98
148 $103,914.98 $455.25 $0.00 $587.55 $104,957.78
149 $104,957.78 $455.25 $0.00 $593.45 $106,006.48
150 $106,006.48 $455.25 $0.00 $599.38 $107,061.11
151 $107,061.11 $455.25 $0.00 $605.34 $108,121.70
152 $108,121.70 $455.25 $0.00 $611.34 $109,188.29
153 $109,188.29 $455.25 $0.00 $617.37 $110,260.91
154 $110,260.91 $455.25 $0.00 $623.43 $111,339.59
155 $111,339.59 $455.25 $0.00 $629.53 $112,424.37
156 $112,424.37 $455.25 $0.00 $635.66 $113,515.28
157 $113,515.28 $455.25 $0.00 $641.83 $114,612.36
158 $114,612.36 $455.25 $0.00 $648.03 $115,715.64
159 $115,715.64 $455.25 $0.00 $654.27 $116,825.16
160 $116,825.16 $455.25 $0.00 $660.55 $117,940.96
161 $117,940.96 $455.25 $0.00 $666.86 $119,063.07
162 $119,063.07 $455.25 $0.00 $673.20 $120,191.52
163 $120,191.52 $455.25 $0.00 $679.58 $121,326.35
164 $121,326.35 $455.25 $0.00 $686.00 $122,467.60
165 $122,467.60 $455.25 $0.00 $692.45 $123,615.30
166 $123,615.30 $455.25 $0.00 $698.94 $124,769.49
167 $124,769.49 $455.25 $0.00 $705.46 $125,930.20
168 $125,930.20 $455.25 $0.00 $712.03 $127,097.48
169 $127,097.48 $455.25 $0.00 $718.63 $128,271.36
170 $128,271.36 $455.25 $0.00 $725.26 $129,451.87
171 $129,451.87 $455.25 $0.00 $731.94 $130,639.06
172 $130,639.06 $455.25 $0.00 $738.65 $131,832.96
173 $131,832.96 $455.25 $0.00 $745.40 $133,033.61
174 $133,033.61 $455.25 $0.00 $752.19 $134,241.05
175 $134,241.05 $455.25 $0.00 $759.02 $135,455.32
176 $135,455.32 $455.25 $0.00 $765.88 $136,676.45
177 $136,676.45 $455.25 $0.00 $772.79 $137,904.49
178 $137,904.49 $455.25 $0.00 $779.73 $139,139.47
179 $139,139.47 $455.25 $0.00 $786.71 $140,381.43
180 $140,381.43 $455.25 $0.00 $793.74 $141,630.42
181 $141,630.42 $455.25 $0.00 $800.80 $142,886.47
182 $142,886.47 $455.25 $0.00 $807.90 $144,149.62
183 $144,149.62 $455.25 $0.00 $815.04 $145,419.91
184 $145,419.91 $455.25 $0.00 $822.23 $146,697.39
185 $146,697.39 $455.25 $0.00 $829.45 $147,982.09
186 $147,982.09 $455.25 $0.00 $836.71 $149,274.05
187 $149,274.05 $455.25 $0.00 $844.02 $150,573.32
188 $150,573.32 $455.25 $0.00 $851.36 $151,879.93
189 $151,879.93 $455.25 $0.00 $858.75 $153,193.93
190 $153,193.93 $455.25 $0.00 $866.18 $154,515.36
191 $154,515.36 $455.25 $0.00 $873.65 $155,844.26
192 $155,844.26 $455.25 $0.00 $881.17 $157,180.68
193 $157,180.68 $455.25 $0.00 $888.72 $158,524.65
194 $158,524.65 $455.25 $0.00 $896.32 $159,876.22
195 $159,876.22 $455.25 $0.00 $903.96 $161,235.43
196 $161,235.43 $455.25 $0.00 $911.65 $162,602.33
197 $162,602.33 $455.25 $0.00 $919.38 $163,976.96
198 $163,976.96 $455.25 $0.00 $927.15 $165,359.36
199 $165,359.36 $455.25 $0.00 $934.97 $166,749.58
200 $166,749.58 $455.25 $0.00 $942.83 $168,147.66
201 $168,147.66 $455.25 $0.00 $950.73 $169,553.64
202 $169,553.64 $455.25 $0.00 $958.68 $170,967.57
203 $170,967.57 $455.25 $0.00 $966.68 $172,389.50
204 $172,389.50 $455.25 $0.00 $974.72 $173,819.47
205 $173,819.47 $455.25 $0.00 $982.80 $175,257.52
206 $175,257.52 $455.25 $0.00 $990.93 $176,703.70
207 $176,703.70 $455.25 $0.00 $999.11 $178,158.06
208 $178,158.06 $455.25 $0.00 $1,007.33 $179,620.64
209 $179,620.64 $455.25 $0.00 $1,015.60 $181,091.49
210 $181,091.49 $455.25 $0.00 $1,023.92 $182,570.66
211 $182,570.66 $455.25 $0.00 $1,032.28 $184,058.19
212 $184,058.19 $455.25 $0.00 $1,040.69 $185,554.13
213 $185,554.13 $455.25 $0.00 $1,049.15 $187,058.53
214 $187,058.53 $455.25 $0.00 $1,057.66 $188,571.44
215 $188,571.44 $455.25 $0.00 $1,066.21 $190,092.90
216 $190,092.90 $455.25 $0.00 $1,074.81 $191,622.96
217 $191,622.96 $455.25 $53,374.00 $1,083.46 $139,787.67
218 $139,787.67 $455.25 $0.00 $790.38 $141,033.30
219 $141,033.30 $455.25 $0.00 $797.42 $142,285.97
220 $142,285.97 $455.25 $0.00 $804.51 $143,545.73
221 $143,545.73 $455.25 $0.00 $811.63 $144,812.61
222 $144,812.61 $455.25 $0.00 $818.79 $146,086.65
223 $146,086.65 $455.25 $0.00 $826.00 $147,367.90
224 $147,367.90 $455.25 $0.00 $833.24 $148,656.39
225 $148,656.39 $455.25 $0.00 $840.52 $149,952.16
226 $149,952.16 $455.25 $0.00 $847.85 $151,255.26
227 $151,255.26 $455.25 $0.00 $855.22 $152,565.73
228 $152,565.73 $455.25 $0.00 $862.63 $153,883.61
229 $153,883.61 $455.25 $56,042.70 $870.08 $99,166.24
230 $99,166.24 $455.25 $0.00 $560.70 $100,182.19
231 $100,182.19 $455.25 $0.00 $566.44 $101,203.88
232 $101,203.88 $455.25 $0.00 $572.22 $102,231.35
233 $102,231.35 $455.25 $0.00 $578.03 $103,264.63
234 $103,264.63 $455.25 $0.00 $583.87 $104,303.75
235 $104,303.75 $455.25 $0.00 $589.75 $105,348.75
236 $105,348.75 $455.25 $0.00 $595.66 $106,399.66
237 $106,399.66 $455.25 $0.00 $601.60 $107,456.51
238 $107,456.51 $455.25 $0.00 $607.57 $108,519.33
239 $108,519.33 $455.25 $0.00 $613.58 $109,588.16
240 $109,588.16 $455.25 $0.00 $619.63 $110,663.04
241 $110,663.04 $455.25 $58,844.84 $625.70 $52,899.15
242 $52,899.15 $455.25 $0.00 $299.10 $53,653.50
243 $53,653.50 $455.25 $0.00 $303.36 $54,412.11
244 $54,412.11 $455.25 $0.00 $307.65 $55,175.01
245 $55,175.01 $455.25 $0.00 $311.97 $55,942.23
246 $55,942.23 $455.25 $0.00 $316.31 $56,713.79
247 $56,713.79 $455.25 $0.00 $320.67 $57,489.71
248 $57,489.71 $455.25 $0.00 $325.06 $58,270.02
249 $58,270.02 $455.25 $0.00 $329.47 $59,054.74
250 $59,054.74 $455.25 $0.00 $333.90 $59,843.89
251 $59,843.89 $455.25 $0.00 $338.37 $60,637.51
252 $60,637.51 $455.25 $0.00 $342.85 $61,435.61
253 $61,435.61 $0.00 $61,787.08 $347.37 ($4.10)