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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$150,554
Monthly savings required$1,192

How much will it cost to send your child to Marquette University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $602,215.38 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,191.76 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$58,057.00
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 $1,191.76 $0.00 $0.00 $1,191.76
2 $1,191.76 $1,191.76 $0.00 $6.74 $2,390.26
3 $2,390.26 $1,191.76 $0.00 $13.51 $3,595.53
4 $3,595.53 $1,191.76 $0.00 $20.33 $4,807.62
5 $4,807.62 $1,191.76 $0.00 $27.18 $6,026.56
6 $6,026.56 $1,191.76 $0.00 $34.08 $7,252.40
7 $7,252.40 $1,191.76 $0.00 $41.01 $8,485.17
8 $8,485.17 $1,191.76 $0.00 $47.98 $9,724.91
9 $9,724.91 $1,191.76 $0.00 $54.99 $10,971.66
10 $10,971.66 $1,191.76 $0.00 $62.04 $12,225.46
11 $12,225.46 $1,191.76 $0.00 $69.12 $13,486.34
12 $13,486.34 $1,191.76 $0.00 $76.25 $14,754.35
13 $14,754.35 $1,191.76 $0.00 $83.42 $16,029.53
14 $16,029.53 $1,191.76 $0.00 $90.63 $17,311.92
15 $17,311.92 $1,191.76 $0.00 $97.88 $18,601.56
16 $18,601.56 $1,191.76 $0.00 $105.18 $19,898.50
17 $19,898.50 $1,191.76 $0.00 $112.51 $21,202.77
18 $21,202.77 $1,191.76 $0.00 $119.88 $22,514.41
19 $22,514.41 $1,191.76 $0.00 $127.30 $23,833.47
20 $23,833.47 $1,191.76 $0.00 $134.76 $25,159.99
21 $25,159.99 $1,191.76 $0.00 $142.26 $26,494.01
22 $26,494.01 $1,191.76 $0.00 $149.80 $27,835.57
23 $27,835.57 $1,191.76 $0.00 $157.39 $29,184.72
24 $29,184.72 $1,191.76 $0.00 $165.01 $30,541.49
25 $30,541.49 $1,191.76 $0.00 $172.69 $31,905.94
26 $31,905.94 $1,191.76 $0.00 $180.40 $33,278.10
27 $33,278.10 $1,191.76 $0.00 $188.16 $34,658.02
28 $34,658.02 $1,191.76 $0.00 $195.96 $36,045.74
29 $36,045.74 $1,191.76 $0.00 $203.81 $37,441.31
30 $37,441.31 $1,191.76 $0.00 $211.70 $38,844.77
31 $38,844.77 $1,191.76 $0.00 $219.63 $40,256.16
32 $40,256.16 $1,191.76 $0.00 $227.61 $41,675.53
33 $41,675.53 $1,191.76 $0.00 $235.64 $43,102.93
34 $43,102.93 $1,191.76 $0.00 $243.71 $44,538.40
35 $44,538.40 $1,191.76 $0.00 $251.83 $45,981.99
36 $45,981.99 $1,191.76 $0.00 $259.99 $47,433.74
37 $47,433.74 $1,191.76 $0.00 $268.20 $48,893.70
38 $48,893.70 $1,191.76 $0.00 $276.45 $50,361.91
39 $50,361.91 $1,191.76 $0.00 $284.75 $51,838.42
40 $51,838.42 $1,191.76 $0.00 $293.10 $53,323.28
41 $53,323.28 $1,191.76 $0.00 $301.50 $54,816.54
42 $54,816.54 $1,191.76 $0.00 $309.94 $56,318.24
43 $56,318.24 $1,191.76 $0.00 $318.43 $57,828.43
44 $57,828.43 $1,191.76 $0.00 $326.97 $59,347.16
45 $59,347.16 $1,191.76 $0.00 $335.56 $60,874.48
46 $60,874.48 $1,191.76 $0.00 $344.19 $62,410.43
47 $62,410.43 $1,191.76 $0.00 $352.88 $63,955.07
48 $63,955.07 $1,191.76 $0.00 $361.61 $65,508.44
49 $65,508.44 $1,191.76 $0.00 $370.39 $67,070.59
50 $67,070.59 $1,191.76 $0.00 $379.23 $68,641.58
51 $68,641.58 $1,191.76 $0.00 $388.11 $70,221.45
52 $70,221.45 $1,191.76 $0.00 $397.04 $71,810.25
53 $71,810.25 $1,191.76 $0.00 $406.03 $73,408.04
54 $73,408.04 $1,191.76 $0.00 $415.06 $75,014.86
55 $75,014.86 $1,191.76 $0.00 $424.14 $76,630.76
56 $76,630.76 $1,191.76 $0.00 $433.28 $78,255.80
57 $78,255.80 $1,191.76 $0.00 $442.47 $79,890.03
58 $79,890.03 $1,191.76 $0.00 $451.71 $81,533.50
59 $81,533.50 $1,191.76 $0.00 $461.00 $83,186.26
60 $83,186.26 $1,191.76 $0.00 $470.35 $84,848.37
61 $84,848.37 $1,191.76 $0.00 $479.75 $86,519.88
62 $86,519.88 $1,191.76 $0.00 $489.20 $88,200.84
63 $88,200.84 $1,191.76 $0.00 $498.70 $89,891.30
64 $89,891.30 $1,191.76 $0.00 $508.26 $91,591.32
65 $91,591.32 $1,191.76 $0.00 $517.87 $93,300.95
66 $93,300.95 $1,191.76 $0.00 $527.54 $95,020.25
67 $95,020.25 $1,191.76 $0.00 $537.26 $96,749.27
68 $96,749.27 $1,191.76 $0.00 $547.03 $98,488.06
69 $98,488.06 $1,191.76 $0.00 $556.87 $100,236.69
70 $100,236.69 $1,191.76 $0.00 $566.75 $101,995.20
71 $101,995.20 $1,191.76 $0.00 $576.70 $103,763.66
72 $103,763.66 $1,191.76 $0.00 $586.69 $105,542.11
73 $105,542.11 $1,191.76 $0.00 $596.75 $107,330.62
74 $107,330.62 $1,191.76 $0.00 $606.86 $109,129.24
75 $109,129.24 $1,191.76 $0.00 $617.03 $110,938.03
76 $110,938.03 $1,191.76 $0.00 $627.26 $112,757.05
77 $112,757.05 $1,191.76 $0.00 $637.54 $114,586.35
78 $114,586.35 $1,191.76 $0.00 $647.89 $116,426.00
79 $116,426.00 $1,191.76 $0.00 $658.29 $118,276.05
80 $118,276.05 $1,191.76 $0.00 $668.75 $120,136.56
81 $120,136.56 $1,191.76 $0.00 $679.27 $122,007.59
82 $122,007.59 $1,191.76 $0.00 $689.85 $123,889.20
83 $123,889.20 $1,191.76 $0.00 $700.49 $125,781.45
84 $125,781.45 $1,191.76 $0.00 $711.19 $127,684.40
85 $127,684.40 $1,191.76 $0.00 $721.95 $129,598.11
86 $129,598.11 $1,191.76 $0.00 $732.77 $131,522.64
87 $131,522.64 $1,191.76 $0.00 $743.65 $133,458.05
88 $133,458.05 $1,191.76 $0.00 $754.59 $135,404.40
89 $135,404.40 $1,191.76 $0.00 $765.60 $137,361.76
90 $137,361.76 $1,191.76 $0.00 $776.66 $139,330.18
91 $139,330.18 $1,191.76 $0.00 $787.79 $141,309.73
92 $141,309.73 $1,191.76 $0.00 $798.99 $143,300.48
93 $143,300.48 $1,191.76 $0.00 $810.24 $145,302.48
94 $145,302.48 $1,191.76 $0.00 $821.56 $147,315.80
95 $147,315.80 $1,191.76 $0.00 $832.94 $149,340.50
96 $149,340.50 $1,191.76 $0.00 $844.39 $151,376.65
97 $151,376.65 $1,191.76 $0.00 $855.91 $153,424.32
98 $153,424.32 $1,191.76 $0.00 $867.48 $155,483.56
99 $155,483.56 $1,191.76 $0.00 $879.13 $157,554.45
100 $157,554.45 $1,191.76 $0.00 $890.84 $159,637.05
101 $159,637.05 $1,191.76 $0.00 $902.61 $161,731.42
102 $161,731.42 $1,191.76 $0.00 $914.45 $163,837.63
103 $163,837.63 $1,191.76 $0.00 $926.36 $165,955.75
104 $165,955.75 $1,191.76 $0.00 $938.34 $168,085.85
105 $168,085.85 $1,191.76 $0.00 $950.38 $170,227.99
106 $170,227.99 $1,191.76 $0.00 $962.49 $172,382.24
107 $172,382.24 $1,191.76 $0.00 $974.67 $174,548.67
108 $174,548.67 $1,191.76 $0.00 $986.92 $176,727.35
109 $176,727.35 $1,191.76 $0.00 $999.24 $178,918.35
110 $178,918.35 $1,191.76 $0.00 $1,011.63 $181,121.74
111 $181,121.74 $1,191.76 $0.00 $1,024.09 $183,337.59
112 $183,337.59 $1,191.76 $0.00 $1,036.62 $185,565.97
113 $185,565.97 $1,191.76 $0.00 $1,049.22 $187,806.95
114 $187,806.95 $1,191.76 $0.00 $1,061.89 $190,060.60
115 $190,060.60 $1,191.76 $0.00 $1,074.63 $192,326.99
116 $192,326.99 $1,191.76 $0.00 $1,087.44 $194,606.19
117 $194,606.19 $1,191.76 $0.00 $1,100.33 $196,898.28
118 $196,898.28 $1,191.76 $0.00 $1,113.29 $199,203.33
119 $199,203.33 $1,191.76 $0.00 $1,126.32 $201,521.41
120 $201,521.41 $1,191.76 $0.00 $1,139.43 $203,852.60
121 $203,852.60 $1,191.76 $0.00 $1,152.61 $206,196.97
122 $206,196.97 $1,191.76 $0.00 $1,165.87 $208,554.60
123 $208,554.60 $1,191.76 $0.00 $1,179.20 $210,925.56
124 $210,925.56 $1,191.76 $0.00 $1,192.60 $213,309.92
125 $213,309.92 $1,191.76 $0.00 $1,206.09 $215,707.77
126 $215,707.77 $1,191.76 $0.00 $1,219.64 $218,119.17
127 $218,119.17 $1,191.76 $0.00 $1,233.28 $220,544.21
128 $220,544.21 $1,191.76 $0.00 $1,246.99 $222,982.96
129 $222,982.96 $1,191.76 $0.00 $1,260.78 $225,435.50
130 $225,435.50 $1,191.76 $0.00 $1,274.65 $227,901.91
131 $227,901.91 $1,191.76 $0.00 $1,288.59 $230,382.26
132 $230,382.26 $1,191.76 $0.00 $1,302.61 $232,876.63
133 $232,876.63 $1,191.76 $0.00 $1,316.72 $235,385.11
134 $235,385.11 $1,191.76 $0.00 $1,330.90 $237,907.77
135 $237,907.77 $1,191.76 $0.00 $1,345.17 $240,444.70
136 $240,444.70 $1,191.76 $0.00 $1,359.51 $242,995.97
137 $242,995.97 $1,191.76 $0.00 $1,373.93 $245,561.66
138 $245,561.66 $1,191.76 $0.00 $1,388.44 $248,141.86
139 $248,141.86 $1,191.76 $0.00 $1,403.03 $250,736.65
140 $250,736.65 $1,191.76 $0.00 $1,417.70 $253,346.11
141 $253,346.11 $1,191.76 $0.00 $1,432.46 $255,970.33
142 $255,970.33 $1,191.76 $0.00 $1,447.29 $258,609.38
143 $258,609.38 $1,191.76 $0.00 $1,462.22 $261,263.36
144 $261,263.36 $1,191.76 $0.00 $1,477.22 $263,932.34
145 $263,932.34 $1,191.76 $0.00 $1,492.31 $266,616.41
146 $266,616.41 $1,191.76 $0.00 $1,507.49 $269,315.66
147 $269,315.66 $1,191.76 $0.00 $1,522.75 $272,030.17
148 $272,030.17 $1,191.76 $0.00 $1,538.10 $274,760.03
149 $274,760.03 $1,191.76 $0.00 $1,553.53 $277,505.32
150 $277,505.32 $1,191.76 $0.00 $1,569.06 $280,266.14
151 $280,266.14 $1,191.76 $0.00 $1,584.67 $283,042.57
152 $283,042.57 $1,191.76 $0.00 $1,600.36 $285,834.69
153 $285,834.69 $1,191.76 $0.00 $1,616.15 $288,642.60
154 $288,642.60 $1,191.76 $0.00 $1,632.03 $291,466.39
155 $291,466.39 $1,191.76 $0.00 $1,647.99 $294,306.14
156 $294,306.14 $1,191.76 $0.00 $1,664.05 $297,161.95
157 $297,161.95 $1,191.76 $0.00 $1,680.20 $300,033.91
158 $300,033.91 $1,191.76 $0.00 $1,696.44 $302,922.11
159 $302,922.11 $1,191.76 $0.00 $1,712.77 $305,826.64
160 $305,826.64 $1,191.76 $0.00 $1,729.19 $308,747.59
161 $308,747.59 $1,191.76 $0.00 $1,745.70 $311,685.05
162 $311,685.05 $1,191.76 $0.00 $1,762.31 $314,639.12
163 $314,639.12 $1,191.76 $0.00 $1,779.02 $317,609.90
164 $317,609.90 $1,191.76 $0.00 $1,795.81 $320,597.47
165 $320,597.47 $1,191.76 $0.00 $1,812.70 $323,601.93
166 $323,601.93 $1,191.76 $0.00 $1,829.69 $326,623.38
167 $326,623.38 $1,191.76 $0.00 $1,846.78 $329,661.92
168 $329,661.92 $1,191.76 $0.00 $1,863.96 $332,717.64
169 $332,717.64 $1,191.76 $0.00 $1,881.23 $335,790.63
170 $335,790.63 $1,191.76 $0.00 $1,898.61 $338,881.00
171 $338,881.00 $1,191.76 $0.00 $1,916.08 $341,988.84
172 $341,988.84 $1,191.76 $0.00 $1,933.65 $345,114.25
173 $345,114.25 $1,191.76 $0.00 $1,951.33 $348,257.34
174 $348,257.34 $1,191.76 $0.00 $1,969.10 $351,418.20
175 $351,418.20 $1,191.76 $0.00 $1,986.97 $354,596.93
176 $354,596.93 $1,191.76 $0.00 $2,004.94 $357,793.63
177 $357,793.63 $1,191.76 $0.00 $2,023.02 $361,008.41
178 $361,008.41 $1,191.76 $0.00 $2,041.19 $364,241.36
179 $364,241.36 $1,191.76 $0.00 $2,059.47 $367,492.59
180 $367,492.59 $1,191.76 $0.00 $2,077.86 $370,762.21
181 $370,762.21 $1,191.76 $0.00 $2,096.34 $374,050.31
182 $374,050.31 $1,191.76 $0.00 $2,114.93 $377,357.00
183 $377,357.00 $1,191.76 $0.00 $2,133.63 $380,682.39
184 $380,682.39 $1,191.76 $0.00 $2,152.43 $384,026.58
185 $384,026.58 $1,191.76 $0.00 $2,171.34 $387,389.68
186 $387,389.68 $1,191.76 $0.00 $2,190.36 $390,771.80
187 $390,771.80 $1,191.76 $0.00 $2,209.48 $394,173.04
188 $394,173.04 $1,191.76 $0.00 $2,228.71 $397,593.51
189 $397,593.51 $1,191.76 $0.00 $2,248.05 $401,033.32
190 $401,033.32 $1,191.76 $0.00 $2,267.50 $404,492.58
191 $404,492.58 $1,191.76 $0.00 $2,287.06 $407,971.40
192 $407,971.40 $1,191.76 $0.00 $2,306.73 $411,469.89
193 $411,469.89 $1,191.76 $0.00 $2,326.51 $414,988.16
194 $414,988.16 $1,191.76 $0.00 $2,346.40 $418,526.32
195 $418,526.32 $1,191.76 $0.00 $2,366.41 $422,084.49
196 $422,084.49 $1,191.76 $0.00 $2,386.53 $425,662.78
197 $425,662.78 $1,191.76 $0.00 $2,406.76 $429,261.30
198 $429,261.30 $1,191.76 $0.00 $2,427.11 $432,880.17
199 $432,880.17 $1,191.76 $0.00 $2,447.57 $436,519.50
200 $436,519.50 $1,191.76 $0.00 $2,468.14 $440,179.40
201 $440,179.40 $1,191.76 $0.00 $2,488.84 $443,860.00
202 $443,860.00 $1,191.76 $0.00 $2,509.65 $447,561.41
203 $447,561.41 $1,191.76 $0.00 $2,530.58 $451,283.75
204 $451,283.75 $1,191.76 $0.00 $2,551.62 $455,027.13
205 $455,027.13 $1,191.76 $0.00 $2,572.79 $458,791.68
206 $458,791.68 $1,191.76 $0.00 $2,594.07 $462,577.51
207 $462,577.51 $1,191.76 $0.00 $2,615.48 $466,384.75
208 $466,384.75 $1,191.76 $0.00 $2,637.01 $470,213.52
209 $470,213.52 $1,191.76 $0.00 $2,658.66 $474,063.94
210 $474,063.94 $1,191.76 $0.00 $2,680.43 $477,936.13
211 $477,936.13 $1,191.76 $0.00 $2,702.32 $481,830.21
212 $481,830.21 $1,191.76 $0.00 $2,724.34 $485,746.31
213 $485,746.31 $1,191.76 $0.00 $2,746.48 $489,684.55
214 $489,684.55 $1,191.76 $0.00 $2,768.75 $493,645.06
215 $493,645.06 $1,191.76 $0.00 $2,791.14 $497,627.96
216 $497,627.96 $1,191.76 $0.00 $2,813.66 $501,633.38
217 $501,633.38 $1,191.76 $139,721.09 $2,836.31 $365,940.36
218 $365,940.36 $1,191.76 $0.00 $2,069.08 $369,201.20
219 $369,201.20 $1,191.76 $0.00 $2,087.52 $372,480.48
220 $372,480.48 $1,191.76 $0.00 $2,106.06 $375,778.30
221 $375,778.30 $1,191.76 $0.00 $2,124.71 $379,094.77
222 $379,094.77 $1,191.76 $0.00 $2,143.46 $382,429.99
223 $382,429.99 $1,191.76 $0.00 $2,162.31 $385,784.06
224 $385,784.06 $1,191.76 $0.00 $2,181.28 $389,157.10
225 $389,157.10 $1,191.76 $0.00 $2,200.35 $392,549.21
226 $392,549.21 $1,191.76 $0.00 $2,219.53 $395,960.50
227 $395,960.50 $1,191.76 $0.00 $2,238.82 $399,391.08
228 $399,391.08 $1,191.76 $0.00 $2,258.22 $402,841.06
229 $402,841.06 $1,191.76 $146,707.15 $2,277.72 $259,603.39
230 $259,603.39 $1,191.76 $0.00 $1,467.84 $262,262.99
231 $262,262.99 $1,191.76 $0.00 $1,482.87 $264,937.62
232 $264,937.62 $1,191.76 $0.00 $1,498.00 $267,627.38
233 $267,627.38 $1,191.76 $0.00 $1,513.20 $270,332.34
234 $270,332.34 $1,191.76 $0.00 $1,528.50 $273,052.60
235 $273,052.60 $1,191.76 $0.00 $1,543.88 $275,788.24
236 $275,788.24 $1,191.76 $0.00 $1,559.35 $278,539.35
237 $278,539.35 $1,191.76 $0.00 $1,574.90 $281,306.01
238 $281,306.01 $1,191.76 $0.00 $1,590.55 $284,088.32
239 $284,088.32 $1,191.76 $0.00 $1,606.28 $286,886.36
240 $286,886.36 $1,191.76 $0.00 $1,622.10 $289,700.22
241 $289,700.22 $1,191.76 $154,042.50 $1,638.01 $138,487.49
242 $138,487.49 $1,191.76 $0.00 $783.03 $140,462.28
243 $140,462.28 $1,191.76 $0.00 $794.19 $142,448.23
244 $142,448.23 $1,191.76 $0.00 $805.42 $144,445.41
245 $144,445.41 $1,191.76 $0.00 $816.72 $146,453.89
246 $146,453.89 $1,191.76 $0.00 $828.07 $148,473.72
247 $148,473.72 $1,191.76 $0.00 $839.49 $150,504.97
248 $150,504.97 $1,191.76 $0.00 $850.98 $152,547.71
249 $152,547.71 $1,191.76 $0.00 $862.53 $154,602.00
250 $154,602.00 $1,191.76 $0.00 $874.14 $156,667.90
251 $156,667.90 $1,191.76 $0.00 $885.82 $158,745.48
252 $158,745.48 $1,191.76 $0.00 $897.57 $160,834.81
253 $160,834.81 $0.00 $161,744.63 $909.38 ($0.44)