Savings Plan and Future Cost Estimation for Shepherd University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$86,829
Monthly savings required$686

How much will it cost to send your child to Shepherd University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $347,315.22 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $686.24 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$23,144.00
Years until enrollment18
Annual Tuition Increase7%
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 $686.24 $0.00 $0.00 $686.24
2 $686.24 $686.24 $0.00 $3.88 $1,376.36
3 $1,376.36 $686.24 $0.00 $7.78 $2,070.38
4 $2,070.38 $686.24 $0.00 $11.71 $2,768.33
5 $2,768.33 $686.24 $0.00 $15.65 $3,470.22
6 $3,470.22 $686.24 $0.00 $19.62 $4,176.08
7 $4,176.08 $686.24 $0.00 $23.61 $4,885.93
8 $4,885.93 $686.24 $0.00 $27.63 $5,599.80
9 $5,599.80 $686.24 $0.00 $31.66 $6,317.70
10 $6,317.70 $686.24 $0.00 $35.72 $7,039.66
11 $7,039.66 $686.24 $0.00 $39.80 $7,765.70
12 $7,765.70 $686.24 $0.00 $43.91 $8,495.85
13 $8,495.85 $686.24 $0.00 $48.04 $9,230.13
14 $9,230.13 $686.24 $0.00 $52.19 $9,968.56
15 $9,968.56 $686.24 $0.00 $56.36 $10,711.16
16 $10,711.16 $686.24 $0.00 $60.56 $11,457.96
17 $11,457.96 $686.24 $0.00 $64.78 $12,208.98
18 $12,208.98 $686.24 $0.00 $69.03 $12,964.25
19 $12,964.25 $686.24 $0.00 $73.30 $13,723.79
20 $13,723.79 $686.24 $0.00 $77.60 $14,487.63
21 $14,487.63 $686.24 $0.00 $81.92 $15,255.79
22 $15,255.79 $686.24 $0.00 $86.26 $16,028.29
23 $16,028.29 $686.24 $0.00 $90.63 $16,805.16
24 $16,805.16 $686.24 $0.00 $95.02 $17,586.42
25 $17,586.42 $686.24 $0.00 $99.44 $18,372.10
26 $18,372.10 $686.24 $0.00 $103.88 $19,162.22
27 $19,162.22 $686.24 $0.00 $108.35 $19,956.81
28 $19,956.81 $686.24 $0.00 $112.84 $20,755.89
29 $20,755.89 $686.24 $0.00 $117.36 $21,559.49
30 $21,559.49 $686.24 $0.00 $121.90 $22,367.63
31 $22,367.63 $686.24 $0.00 $126.47 $23,180.34
32 $23,180.34 $686.24 $0.00 $131.07 $23,997.65
33 $23,997.65 $686.24 $0.00 $135.69 $24,819.58
34 $24,819.58 $686.24 $0.00 $140.33 $25,646.15
35 $25,646.15 $686.24 $0.00 $145.01 $26,477.40
36 $26,477.40 $686.24 $0.00 $149.71 $27,313.35
37 $27,313.35 $686.24 $0.00 $154.43 $28,154.02
38 $28,154.02 $686.24 $0.00 $159.19 $28,999.45
39 $28,999.45 $686.24 $0.00 $163.97 $29,849.66
40 $29,849.66 $686.24 $0.00 $168.77 $30,704.67
41 $30,704.67 $686.24 $0.00 $173.61 $31,564.52
42 $31,564.52 $686.24 $0.00 $178.47 $32,429.23
43 $32,429.23 $686.24 $0.00 $183.36 $33,298.83
44 $33,298.83 $686.24 $0.00 $188.28 $34,173.35
45 $34,173.35 $686.24 $0.00 $193.22 $35,052.81
46 $35,052.81 $686.24 $0.00 $198.19 $35,937.24
47 $35,937.24 $686.24 $0.00 $203.19 $36,826.67
48 $36,826.67 $686.24 $0.00 $208.22 $37,721.13
49 $37,721.13 $686.24 $0.00 $213.28 $38,620.65
50 $38,620.65 $686.24 $0.00 $218.37 $39,525.26
51 $39,525.26 $686.24 $0.00 $223.48 $40,434.98
52 $40,434.98 $686.24 $0.00 $228.63 $41,349.85
53 $41,349.85 $686.24 $0.00 $233.80 $42,269.89
54 $42,269.89 $686.24 $0.00 $239.00 $43,195.13
55 $43,195.13 $686.24 $0.00 $244.23 $44,125.60
56 $44,125.60 $686.24 $0.00 $249.49 $45,061.33
57 $45,061.33 $686.24 $0.00 $254.78 $46,002.35
58 $46,002.35 $686.24 $0.00 $260.10 $46,948.69
59 $46,948.69 $686.24 $0.00 $265.45 $47,900.38
60 $47,900.38 $686.24 $0.00 $270.84 $48,857.46
61 $48,857.46 $686.24 $0.00 $276.25 $49,819.95
62 $49,819.95 $686.24 $0.00 $281.69 $50,787.88
63 $50,787.88 $686.24 $0.00 $287.16 $51,761.28
64 $51,761.28 $686.24 $0.00 $292.67 $52,740.19
65 $52,740.19 $686.24 $0.00 $298.20 $53,724.63
66 $53,724.63 $686.24 $0.00 $303.77 $54,714.64
67 $54,714.64 $686.24 $0.00 $309.36 $55,710.24
68 $55,710.24 $686.24 $0.00 $314.99 $56,711.47
69 $56,711.47 $686.24 $0.00 $320.65 $57,718.36
70 $57,718.36 $686.24 $0.00 $326.35 $58,730.95
71 $58,730.95 $686.24 $0.00 $332.07 $59,749.26
72 $59,749.26 $686.24 $0.00 $337.83 $60,773.33
73 $60,773.33 $686.24 $0.00 $343.62 $61,803.19
74 $61,803.19 $686.24 $0.00 $349.44 $62,838.87
75 $62,838.87 $686.24 $0.00 $355.30 $63,880.41
76 $63,880.41 $686.24 $0.00 $361.19 $64,927.84
77 $64,927.84 $686.24 $0.00 $367.11 $65,981.19
78 $65,981.19 $686.24 $0.00 $373.07 $67,040.50
79 $67,040.50 $686.24 $0.00 $379.06 $68,105.80
80 $68,105.80 $686.24 $0.00 $385.08 $69,177.12
81 $69,177.12 $686.24 $0.00 $391.14 $70,254.50
82 $70,254.50 $686.24 $0.00 $397.23 $71,337.97
83 $71,337.97 $686.24 $0.00 $403.36 $72,427.57
84 $72,427.57 $686.24 $0.00 $409.52 $73,523.33
85 $73,523.33 $686.24 $0.00 $415.71 $74,625.28
86 $74,625.28 $686.24 $0.00 $421.94 $75,733.46
87 $75,733.46 $686.24 $0.00 $428.21 $76,847.91
88 $76,847.91 $686.24 $0.00 $434.51 $77,968.66
89 $77,968.66 $686.24 $0.00 $440.85 $79,095.75
90 $79,095.75 $686.24 $0.00 $447.22 $80,229.21
91 $80,229.21 $686.24 $0.00 $453.63 $81,369.08
92 $81,369.08 $686.24 $0.00 $460.07 $82,515.39
93 $82,515.39 $686.24 $0.00 $466.55 $83,668.18
94 $83,668.18 $686.24 $0.00 $473.07 $84,827.49
95 $84,827.49 $686.24 $0.00 $479.63 $85,993.36
96 $85,993.36 $686.24 $0.00 $486.22 $87,165.82
97 $87,165.82 $686.24 $0.00 $492.85 $88,344.91
98 $88,344.91 $686.24 $0.00 $499.51 $89,530.66
99 $89,530.66 $686.24 $0.00 $506.22 $90,723.12
100 $90,723.12 $686.24 $0.00 $512.96 $91,922.32
101 $91,922.32 $686.24 $0.00 $519.74 $93,128.30
102 $93,128.30 $686.24 $0.00 $526.56 $94,341.10
103 $94,341.10 $686.24 $0.00 $533.42 $95,560.76
104 $95,560.76 $686.24 $0.00 $540.31 $96,787.31
105 $96,787.31 $686.24 $0.00 $547.25 $98,020.80
106 $98,020.80 $686.24 $0.00 $554.22 $99,261.26
107 $99,261.26 $686.24 $0.00 $561.24 $100,508.74
108 $100,508.74 $686.24 $0.00 $568.29 $101,763.27
109 $101,763.27 $686.24 $0.00 $575.38 $103,024.89
110 $103,024.89 $686.24 $0.00 $582.52 $104,293.65
111 $104,293.65 $686.24 $0.00 $589.69 $105,569.58
112 $105,569.58 $686.24 $0.00 $596.91 $106,852.73
113 $106,852.73 $686.24 $0.00 $604.16 $108,143.13
114 $108,143.13 $686.24 $0.00 $611.46 $109,440.83
115 $109,440.83 $686.24 $0.00 $618.79 $110,745.86
116 $110,745.86 $686.24 $0.00 $626.17 $112,058.27
117 $112,058.27 $686.24 $0.00 $633.59 $113,378.10
118 $113,378.10 $686.24 $0.00 $641.06 $114,705.40
119 $114,705.40 $686.24 $0.00 $648.56 $116,040.20
120 $116,040.20 $686.24 $0.00 $656.11 $117,382.55
121 $117,382.55 $686.24 $0.00 $663.70 $118,732.49
122 $118,732.49 $686.24 $0.00 $671.33 $120,090.06
123 $120,090.06 $686.24 $0.00 $679.01 $121,455.31
124 $121,455.31 $686.24 $0.00 $686.73 $122,828.28
125 $122,828.28 $686.24 $0.00 $694.49 $124,209.01
126 $124,209.01 $686.24 $0.00 $702.30 $125,597.55
127 $125,597.55 $686.24 $0.00 $710.15 $126,993.94
128 $126,993.94 $686.24 $0.00 $718.04 $128,398.22
129 $128,398.22 $686.24 $0.00 $725.98 $129,810.44
130 $129,810.44 $686.24 $0.00 $733.97 $131,230.65
131 $131,230.65 $686.24 $0.00 $742.00 $132,658.89
132 $132,658.89 $686.24 $0.00 $750.07 $134,095.20
133 $134,095.20 $686.24 $0.00 $758.19 $135,539.63
134 $135,539.63 $686.24 $0.00 $766.36 $136,992.23
135 $136,992.23 $686.24 $0.00 $774.57 $138,453.04
136 $138,453.04 $686.24 $0.00 $782.83 $139,922.11
137 $139,922.11 $686.24 $0.00 $791.14 $141,399.49
138 $141,399.49 $686.24 $0.00 $799.49 $142,885.22
139 $142,885.22 $686.24 $0.00 $807.89 $144,379.35
140 $144,379.35 $686.24 $0.00 $816.34 $145,881.93
141 $145,881.93 $686.24 $0.00 $824.84 $147,393.01
142 $147,393.01 $686.24 $0.00 $833.38 $148,912.63
143 $148,912.63 $686.24 $0.00 $841.97 $150,440.84
144 $150,440.84 $686.24 $0.00 $850.61 $151,977.69
145 $151,977.69 $686.24 $0.00 $859.30 $153,523.23
146 $153,523.23 $686.24 $0.00 $868.04 $155,077.51
147 $155,077.51 $686.24 $0.00 $876.83 $156,640.58
148 $156,640.58 $686.24 $0.00 $885.67 $158,212.49
149 $158,212.49 $686.24 $0.00 $894.56 $159,793.29
150 $159,793.29 $686.24 $0.00 $903.49 $161,383.02
151 $161,383.02 $686.24 $0.00 $912.48 $162,981.74
152 $162,981.74 $686.24 $0.00 $921.52 $164,589.50
153 $164,589.50 $686.24 $0.00 $930.61 $166,206.35
154 $166,206.35 $686.24 $0.00 $939.75 $167,832.34
155 $167,832.34 $686.24 $0.00 $948.95 $169,467.53
156 $169,467.53 $686.24 $0.00 $958.19 $171,111.96
157 $171,111.96 $686.24 $0.00 $967.49 $172,765.69
158 $172,765.69 $686.24 $0.00 $976.84 $174,428.77
159 $174,428.77 $686.24 $0.00 $986.25 $176,101.26
160 $176,101.26 $686.24 $0.00 $995.70 $177,783.20
161 $177,783.20 $686.24 $0.00 $1,005.21 $179,474.65
162 $179,474.65 $686.24 $0.00 $1,014.78 $181,175.67
163 $181,175.67 $686.24 $0.00 $1,024.39 $182,886.30
164 $182,886.30 $686.24 $0.00 $1,034.07 $184,606.61
165 $184,606.61 $686.24 $0.00 $1,043.79 $186,336.64
166 $186,336.64 $686.24 $0.00 $1,053.57 $188,076.45
167 $188,076.45 $686.24 $0.00 $1,063.41 $189,826.10
168 $189,826.10 $686.24 $0.00 $1,073.30 $191,585.64
169 $191,585.64 $686.24 $0.00 $1,083.25 $193,355.13
170 $193,355.13 $686.24 $0.00 $1,093.26 $195,134.63
171 $195,134.63 $686.24 $0.00 $1,103.32 $196,924.19
172 $196,924.19 $686.24 $0.00 $1,113.44 $198,723.87
173 $198,723.87 $686.24 $0.00 $1,123.61 $200,533.72
174 $200,533.72 $686.24 $0.00 $1,133.85 $202,353.81
175 $202,353.81 $686.24 $0.00 $1,144.14 $204,184.19
176 $204,184.19 $686.24 $0.00 $1,154.49 $206,024.92
177 $206,024.92 $686.24 $0.00 $1,164.89 $207,876.05
178 $207,876.05 $686.24 $0.00 $1,175.36 $209,737.65
179 $209,737.65 $686.24 $0.00 $1,185.89 $211,609.78
180 $211,609.78 $686.24 $0.00 $1,196.47 $213,492.49
181 $213,492.49 $686.24 $0.00 $1,207.12 $215,385.85
182 $215,385.85 $686.24 $0.00 $1,217.82 $217,289.91
183 $217,289.91 $686.24 $0.00 $1,228.59 $219,204.74
184 $219,204.74 $686.24 $0.00 $1,239.42 $221,130.40
185 $221,130.40 $686.24 $0.00 $1,250.30 $223,066.94
186 $223,066.94 $686.24 $0.00 $1,261.25 $225,014.43
187 $225,014.43 $686.24 $0.00 $1,272.26 $226,972.93
188 $226,972.93 $686.24 $0.00 $1,283.34 $228,942.51
189 $228,942.51 $686.24 $0.00 $1,294.47 $230,923.22
190 $230,923.22 $686.24 $0.00 $1,305.67 $232,915.13
191 $232,915.13 $686.24 $0.00 $1,316.94 $234,918.31
192 $234,918.31 $686.24 $0.00 $1,328.26 $236,932.81
193 $236,932.81 $686.24 $0.00 $1,339.65 $238,958.70
194 $238,958.70 $686.24 $0.00 $1,351.11 $240,996.05
195 $240,996.05 $686.24 $0.00 $1,362.63 $243,044.92
196 $243,044.92 $686.24 $0.00 $1,374.21 $245,105.37
197 $245,105.37 $686.24 $0.00 $1,385.86 $247,177.47
198 $247,177.47 $686.24 $0.00 $1,397.58 $249,261.29
199 $249,261.29 $686.24 $0.00 $1,409.36 $251,356.89
200 $251,356.89 $686.24 $0.00 $1,421.21 $253,464.34
201 $253,464.34 $686.24 $0.00 $1,433.12 $255,583.70
202 $255,583.70 $686.24 $0.00 $1,445.11 $257,715.05
203 $257,715.05 $686.24 $0.00 $1,457.16 $259,858.45
204 $259,858.45 $686.24 $0.00 $1,469.28 $262,013.97
205 $262,013.97 $686.24 $0.00 $1,481.47 $264,181.68
206 $264,181.68 $686.24 $0.00 $1,493.72 $266,361.64
207 $266,361.64 $686.24 $0.00 $1,506.05 $268,553.93
208 $268,553.93 $686.24 $0.00 $1,518.44 $270,758.61
209 $270,758.61 $686.24 $0.00 $1,530.91 $272,975.76
210 $272,975.76 $686.24 $0.00 $1,543.44 $275,205.44
211 $275,205.44 $686.24 $0.00 $1,556.05 $277,447.73
212 $277,447.73 $686.24 $0.00 $1,568.73 $279,702.70
213 $279,702.70 $686.24 $0.00 $1,581.48 $281,970.42
214 $281,970.42 $686.24 $0.00 $1,594.30 $284,250.96
215 $284,250.96 $686.24 $0.00 $1,607.20 $286,544.40
216 $286,544.40 $686.24 $0.00 $1,620.16 $288,850.80
217 $288,850.80 $686.24 $78,225.15 $1,633.20 $212,945.09
218 $212,945.09 $686.24 $0.00 $1,204.02 $214,835.35
219 $214,835.35 $686.24 $0.00 $1,214.71 $216,736.30
220 $216,736.30 $686.24 $0.00 $1,225.46 $218,648.00
221 $218,648.00 $686.24 $0.00 $1,236.27 $220,570.51
222 $220,570.51 $686.24 $0.00 $1,247.14 $222,503.89
223 $222,503.89 $686.24 $0.00 $1,258.07 $224,448.20
224 $224,448.20 $686.24 $0.00 $1,269.06 $226,403.50
225 $226,403.50 $686.24 $0.00 $1,280.12 $228,369.86
226 $228,369.86 $686.24 $0.00 $1,291.24 $230,347.34
227 $230,347.34 $686.24 $0.00 $1,302.42 $232,336.00
228 $232,336.00 $686.24 $0.00 $1,313.66 $234,335.90
229 $234,335.90 $686.24 $83,700.91 $1,324.97 $152,646.20
230 $152,646.20 $686.24 $0.00 $863.08 $154,195.52
231 $154,195.52 $686.24 $0.00 $871.84 $155,753.60
232 $155,753.60 $686.24 $0.00 $880.65 $157,320.49
233 $157,320.49 $686.24 $0.00 $889.51 $158,896.24
234 $158,896.24 $686.24 $0.00 $898.42 $160,480.90
235 $160,480.90 $686.24 $0.00 $907.38 $162,074.52
236 $162,074.52 $686.24 $0.00 $916.39 $163,677.15
237 $163,677.15 $686.24 $0.00 $925.45 $165,288.84
238 $165,288.84 $686.24 $0.00 $934.57 $166,909.65
239 $166,909.65 $686.24 $0.00 $943.73 $168,539.62
240 $168,539.62 $686.24 $0.00 $952.95 $170,178.81
241 $170,178.81 $686.24 $89,559.98 $962.22 $82,267.29
242 $82,267.29 $686.24 $0.00 $465.15 $83,418.68
243 $83,418.68 $686.24 $0.00 $471.66 $84,576.58
244 $84,576.58 $686.24 $0.00 $478.21 $85,741.03
245 $85,741.03 $686.24 $0.00 $484.79 $86,912.06
246 $86,912.06 $686.24 $0.00 $491.41 $88,089.71
247 $88,089.71 $686.24 $0.00 $498.07 $89,274.02
248 $89,274.02 $686.24 $0.00 $504.77 $90,465.03
249 $90,465.03 $686.24 $0.00 $511.50 $91,662.77
250 $91,662.77 $686.24 $0.00 $518.27 $92,867.28
251 $92,867.28 $686.24 $0.00 $525.09 $94,078.61
252 $94,078.61 $686.24 $0.00 $531.93 $95,296.78
253 $95,296.78 $0.00 $95,829.18 $538.82 $6.42