Savings Plan and Future Cost Estimation for Jones International University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$75,874
Monthly savings required$600

How much will it cost to send your child to Jones International University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $303,495.64 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $599.64 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$20,224.00
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 $599.64 $0.00 $0.00 $599.64
2 $599.64 $599.64 $0.00 $3.39 $1,202.67
3 $1,202.67 $599.64 $0.00 $6.80 $1,809.11
4 $1,809.11 $599.64 $0.00 $10.23 $2,418.98
5 $2,418.98 $599.64 $0.00 $13.68 $3,032.30
6 $3,032.30 $599.64 $0.00 $17.15 $3,649.09
7 $3,649.09 $599.64 $0.00 $20.63 $4,269.36
8 $4,269.36 $599.64 $0.00 $24.14 $4,893.14
9 $4,893.14 $599.64 $0.00 $27.67 $5,520.45
10 $5,520.45 $599.64 $0.00 $31.21 $6,151.30
11 $6,151.30 $599.64 $0.00 $34.78 $6,785.72
12 $6,785.72 $599.64 $0.00 $38.37 $7,423.73
13 $7,423.73 $599.64 $0.00 $41.97 $8,065.34
14 $8,065.34 $599.64 $0.00 $45.60 $8,710.58
15 $8,710.58 $599.64 $0.00 $49.25 $9,359.47
16 $9,359.47 $599.64 $0.00 $52.92 $10,012.03
17 $10,012.03 $599.64 $0.00 $56.61 $10,668.28
18 $10,668.28 $599.64 $0.00 $60.32 $11,328.24
19 $11,328.24 $599.64 $0.00 $64.05 $11,991.93
20 $11,991.93 $599.64 $0.00 $67.80 $12,659.37
21 $12,659.37 $599.64 $0.00 $71.58 $13,330.59
22 $13,330.59 $599.64 $0.00 $75.37 $14,005.60
23 $14,005.60 $599.64 $0.00 $79.19 $14,684.43
24 $14,684.43 $599.64 $0.00 $83.03 $15,367.10
25 $15,367.10 $599.64 $0.00 $86.89 $16,053.63
26 $16,053.63 $599.64 $0.00 $90.77 $16,744.04
27 $16,744.04 $599.64 $0.00 $94.67 $17,438.35
28 $17,438.35 $599.64 $0.00 $98.60 $18,136.59
29 $18,136.59 $599.64 $0.00 $102.55 $18,838.78
30 $18,838.78 $599.64 $0.00 $106.52 $19,544.94
31 $19,544.94 $599.64 $0.00 $110.51 $20,255.09
32 $20,255.09 $599.64 $0.00 $114.53 $20,969.26
33 $20,969.26 $599.64 $0.00 $118.56 $21,687.46
34 $21,687.46 $599.64 $0.00 $122.62 $22,409.72
35 $22,409.72 $599.64 $0.00 $126.71 $23,136.07
36 $23,136.07 $599.64 $0.00 $130.81 $23,866.52
37 $23,866.52 $599.64 $0.00 $134.94 $24,601.10
38 $24,601.10 $599.64 $0.00 $139.10 $25,339.84
39 $25,339.84 $599.64 $0.00 $143.28 $26,082.76
40 $26,082.76 $599.64 $0.00 $147.48 $26,829.88
41 $26,829.88 $599.64 $0.00 $151.70 $27,581.22
42 $27,581.22 $599.64 $0.00 $155.95 $28,336.81
43 $28,336.81 $599.64 $0.00 $160.22 $29,096.67
44 $29,096.67 $599.64 $0.00 $164.52 $29,860.83
45 $29,860.83 $599.64 $0.00 $168.84 $30,629.31
46 $30,629.31 $599.64 $0.00 $173.18 $31,402.13
47 $31,402.13 $599.64 $0.00 $177.55 $32,179.32
48 $32,179.32 $599.64 $0.00 $181.95 $32,960.91
49 $32,960.91 $599.64 $0.00 $186.37 $33,746.92
50 $33,746.92 $599.64 $0.00 $190.81 $34,537.37
51 $34,537.37 $599.64 $0.00 $195.28 $35,332.29
52 $35,332.29 $599.64 $0.00 $199.77 $36,131.70
53 $36,131.70 $599.64 $0.00 $204.29 $36,935.63
54 $36,935.63 $599.64 $0.00 $208.84 $37,744.11
55 $37,744.11 $599.64 $0.00 $213.41 $38,557.16
56 $38,557.16 $599.64 $0.00 $218.01 $39,374.81
57 $39,374.81 $599.64 $0.00 $222.63 $40,197.08
58 $40,197.08 $599.64 $0.00 $227.28 $41,024.00
59 $41,024.00 $599.64 $0.00 $231.96 $41,855.60
60 $41,855.60 $599.64 $0.00 $236.66 $42,691.90
61 $42,691.90 $599.64 $0.00 $241.39 $43,532.93
62 $43,532.93 $599.64 $0.00 $246.14 $44,378.71
63 $44,378.71 $599.64 $0.00 $250.92 $45,229.27
64 $45,229.27 $599.64 $0.00 $255.73 $46,084.64
65 $46,084.64 $599.64 $0.00 $260.57 $46,944.85
66 $46,944.85 $599.64 $0.00 $265.43 $47,809.92
67 $47,809.92 $599.64 $0.00 $270.32 $48,679.88
68 $48,679.88 $599.64 $0.00 $275.24 $49,554.76
69 $49,554.76 $599.64 $0.00 $280.19 $50,434.59
70 $50,434.59 $599.64 $0.00 $285.16 $51,319.39
71 $51,319.39 $599.64 $0.00 $290.17 $52,209.20
72 $52,209.20 $599.64 $0.00 $295.20 $53,104.04
73 $53,104.04 $599.64 $0.00 $300.26 $54,003.94
74 $54,003.94 $599.64 $0.00 $305.35 $54,908.93
75 $54,908.93 $599.64 $0.00 $310.46 $55,819.03
76 $55,819.03 $599.64 $0.00 $315.61 $56,734.28
77 $56,734.28 $599.64 $0.00 $320.78 $57,654.70
78 $57,654.70 $599.64 $0.00 $325.99 $58,580.33
79 $58,580.33 $599.64 $0.00 $331.22 $59,511.19
80 $59,511.19 $599.64 $0.00 $336.48 $60,447.31
81 $60,447.31 $599.64 $0.00 $341.78 $61,388.73
82 $61,388.73 $599.64 $0.00 $347.10 $62,335.47
83 $62,335.47 $599.64 $0.00 $352.45 $63,287.56
84 $63,287.56 $599.64 $0.00 $357.84 $64,245.04
85 $64,245.04 $599.64 $0.00 $363.25 $65,207.93
86 $65,207.93 $599.64 $0.00 $368.70 $66,176.27
87 $66,176.27 $599.64 $0.00 $374.17 $67,150.08
88 $67,150.08 $599.64 $0.00 $379.68 $68,129.40
89 $68,129.40 $599.64 $0.00 $385.21 $69,114.25
90 $69,114.25 $599.64 $0.00 $390.78 $70,104.67
91 $70,104.67 $599.64 $0.00 $396.38 $71,100.69
92 $71,100.69 $599.64 $0.00 $402.01 $72,102.34
93 $72,102.34 $599.64 $0.00 $407.68 $73,109.66
94 $73,109.66 $599.64 $0.00 $413.37 $74,122.67
95 $74,122.67 $599.64 $0.00 $419.10 $75,141.41
96 $75,141.41 $599.64 $0.00 $424.86 $76,165.91
97 $76,165.91 $599.64 $0.00 $430.65 $77,196.20
98 $77,196.20 $599.64 $0.00 $436.48 $78,232.32
99 $78,232.32 $599.64 $0.00 $442.34 $79,274.30
100 $79,274.30 $599.64 $0.00 $448.23 $80,322.17
101 $80,322.17 $599.64 $0.00 $454.15 $81,375.96
102 $81,375.96 $599.64 $0.00 $460.11 $82,435.71
103 $82,435.71 $599.64 $0.00 $466.10 $83,501.45
104 $83,501.45 $599.64 $0.00 $472.13 $84,573.22
105 $84,573.22 $599.64 $0.00 $478.19 $85,651.05
106 $85,651.05 $599.64 $0.00 $484.28 $86,734.97
107 $86,734.97 $599.64 $0.00 $490.41 $87,825.02
108 $87,825.02 $599.64 $0.00 $496.58 $88,921.24
109 $88,921.24 $599.64 $0.00 $502.77 $90,023.65
110 $90,023.65 $599.64 $0.00 $509.01 $91,132.30
111 $91,132.30 $599.64 $0.00 $515.28 $92,247.22
112 $92,247.22 $599.64 $0.00 $521.58 $93,368.44
113 $93,368.44 $599.64 $0.00 $527.92 $94,496.00
114 $94,496.00 $599.64 $0.00 $534.29 $95,629.93
115 $95,629.93 $599.64 $0.00 $540.71 $96,770.28
116 $96,770.28 $599.64 $0.00 $547.15 $97,917.07
117 $97,917.07 $599.64 $0.00 $553.64 $99,070.35
118 $99,070.35 $599.64 $0.00 $560.16 $100,230.15
119 $100,230.15 $599.64 $0.00 $566.72 $101,396.51
120 $101,396.51 $599.64 $0.00 $573.31 $102,569.46
121 $102,569.46 $599.64 $0.00 $579.94 $103,749.04
122 $103,749.04 $599.64 $0.00 $586.61 $104,935.29
123 $104,935.29 $599.64 $0.00 $593.32 $106,128.25
124 $106,128.25 $599.64 $0.00 $600.06 $107,327.95
125 $107,327.95 $599.64 $0.00 $606.85 $108,534.44
126 $108,534.44 $599.64 $0.00 $613.67 $109,747.75
127 $109,747.75 $599.64 $0.00 $620.53 $110,967.92
128 $110,967.92 $599.64 $0.00 $627.43 $112,194.99
129 $112,194.99 $599.64 $0.00 $634.37 $113,429.00
130 $113,429.00 $599.64 $0.00 $641.34 $114,669.98
131 $114,669.98 $599.64 $0.00 $648.36 $115,917.98
132 $115,917.98 $599.64 $0.00 $655.42 $117,173.04
133 $117,173.04 $599.64 $0.00 $662.51 $118,435.19
134 $118,435.19 $599.64 $0.00 $669.65 $119,704.48
135 $119,704.48 $599.64 $0.00 $676.83 $120,980.95
136 $120,980.95 $599.64 $0.00 $684.04 $122,264.63
137 $122,264.63 $599.64 $0.00 $691.30 $123,555.57
138 $123,555.57 $599.64 $0.00 $698.60 $124,853.81
139 $124,853.81 $599.64 $0.00 $705.94 $126,159.39
140 $126,159.39 $599.64 $0.00 $713.32 $127,472.35
141 $127,472.35 $599.64 $0.00 $720.75 $128,792.74
142 $128,792.74 $599.64 $0.00 $728.21 $130,120.59
143 $130,120.59 $599.64 $0.00 $735.72 $131,455.95
144 $131,455.95 $599.64 $0.00 $743.27 $132,798.86
145 $132,798.86 $599.64 $0.00 $750.86 $134,149.36
146 $134,149.36 $599.64 $0.00 $758.50 $135,507.50
147 $135,507.50 $599.64 $0.00 $766.18 $136,873.32
148 $136,873.32 $599.64 $0.00 $773.90 $138,246.86
149 $138,246.86 $599.64 $0.00 $781.67 $139,628.17
150 $139,628.17 $599.64 $0.00 $789.48 $141,017.29
151 $141,017.29 $599.64 $0.00 $797.33 $142,414.26
152 $142,414.26 $599.64 $0.00 $805.23 $143,819.13
153 $143,819.13 $599.64 $0.00 $813.17 $145,231.94
154 $145,231.94 $599.64 $0.00 $821.16 $146,652.74
155 $146,652.74 $599.64 $0.00 $829.20 $148,081.58
156 $148,081.58 $599.64 $0.00 $837.27 $149,518.49
157 $149,518.49 $599.64 $0.00 $845.40 $150,963.53
158 $150,963.53 $599.64 $0.00 $853.57 $152,416.74
159 $152,416.74 $599.64 $0.00 $861.79 $153,878.17
160 $153,878.17 $599.64 $0.00 $870.05 $155,347.86
161 $155,347.86 $599.64 $0.00 $878.36 $156,825.86
162 $156,825.86 $599.64 $0.00 $886.72 $158,312.22
163 $158,312.22 $599.64 $0.00 $895.12 $159,806.98
164 $159,806.98 $599.64 $0.00 $903.57 $161,310.19
165 $161,310.19 $599.64 $0.00 $912.07 $162,821.90
166 $162,821.90 $599.64 $0.00 $920.62 $164,342.16
167 $164,342.16 $599.64 $0.00 $929.21 $165,871.01
168 $165,871.01 $599.64 $0.00 $937.86 $167,408.51
169 $167,408.51 $599.64 $0.00 $946.55 $168,954.70
170 $168,954.70 $599.64 $0.00 $955.29 $170,509.63
171 $170,509.63 $599.64 $0.00 $964.09 $172,073.36
172 $172,073.36 $599.64 $0.00 $972.93 $173,645.93
173 $173,645.93 $599.64 $0.00 $981.82 $175,227.39
174 $175,227.39 $599.64 $0.00 $990.76 $176,817.79
175 $176,817.79 $599.64 $0.00 $999.75 $178,417.18
176 $178,417.18 $599.64 $0.00 $1,008.80 $180,025.62
177 $180,025.62 $599.64 $0.00 $1,017.89 $181,643.15
178 $181,643.15 $599.64 $0.00 $1,027.04 $183,269.83
179 $183,269.83 $599.64 $0.00 $1,036.23 $184,905.70
180 $184,905.70 $599.64 $0.00 $1,045.48 $186,550.82
181 $186,550.82 $599.64 $0.00 $1,054.79 $188,205.25
182 $188,205.25 $599.64 $0.00 $1,064.14 $189,869.03
183 $189,869.03 $599.64 $0.00 $1,073.55 $191,542.22
184 $191,542.22 $599.64 $0.00 $1,083.01 $193,224.87
185 $193,224.87 $599.64 $0.00 $1,092.52 $194,917.03
186 $194,917.03 $599.64 $0.00 $1,102.09 $196,618.76
187 $196,618.76 $599.64 $0.00 $1,111.71 $198,330.11
188 $198,330.11 $599.64 $0.00 $1,121.39 $200,051.14
189 $200,051.14 $599.64 $0.00 $1,131.12 $201,781.90
190 $201,781.90 $599.64 $0.00 $1,140.90 $203,522.44
191 $203,522.44 $599.64 $0.00 $1,150.75 $205,272.83
192 $205,272.83 $599.64 $0.00 $1,160.64 $207,033.11
193 $207,033.11 $599.64 $0.00 $1,170.60 $208,803.35
194 $208,803.35 $599.64 $0.00 $1,180.60 $210,583.59
195 $210,583.59 $599.64 $0.00 $1,190.67 $212,373.90
196 $212,373.90 $599.64 $0.00 $1,200.79 $214,174.33
197 $214,174.33 $599.64 $0.00 $1,210.97 $215,984.94
198 $215,984.94 $599.64 $0.00 $1,221.21 $217,805.79
199 $217,805.79 $599.64 $0.00 $1,231.51 $219,636.94
200 $219,636.94 $599.64 $0.00 $1,241.86 $221,478.44
201 $221,478.44 $599.64 $0.00 $1,252.27 $223,330.35
202 $223,330.35 $599.64 $0.00 $1,262.74 $225,192.73
203 $225,192.73 $599.64 $0.00 $1,273.27 $227,065.64
204 $227,065.64 $599.64 $0.00 $1,283.86 $228,949.14
205 $228,949.14 $599.64 $0.00 $1,294.51 $230,843.29
206 $230,843.29 $599.64 $0.00 $1,305.22 $232,748.15
207 $232,748.15 $599.64 $0.00 $1,315.99 $234,663.78
208 $234,663.78 $599.64 $0.00 $1,326.82 $236,590.24
209 $236,590.24 $599.64 $0.00 $1,337.72 $238,527.60
210 $238,527.60 $599.64 $0.00 $1,348.67 $240,475.91
211 $240,475.91 $599.64 $0.00 $1,359.69 $242,435.24
212 $242,435.24 $599.64 $0.00 $1,370.76 $244,405.64
213 $244,405.64 $599.64 $0.00 $1,381.91 $246,387.19
214 $246,387.19 $599.64 $0.00 $1,393.11 $248,379.94
215 $248,379.94 $599.64 $0.00 $1,404.38 $250,383.96
216 $250,383.96 $599.64 $0.00 $1,415.71 $252,399.31
217 $252,399.31 $599.64 $68,355.75 $1,427.10 $186,070.30
218 $186,070.30 $599.64 $0.00 $1,052.07 $187,722.01
219 $187,722.01 $599.64 $0.00 $1,061.41 $189,383.06
220 $189,383.06 $599.64 $0.00 $1,070.80 $191,053.50
221 $191,053.50 $599.64 $0.00 $1,080.24 $192,733.38
222 $192,733.38 $599.64 $0.00 $1,089.74 $194,422.76
223 $194,422.76 $599.64 $0.00 $1,099.29 $196,121.69
224 $196,121.69 $599.64 $0.00 $1,108.90 $197,830.23
225 $197,830.23 $599.64 $0.00 $1,118.56 $199,548.43
226 $199,548.43 $599.64 $0.00 $1,128.28 $201,276.35
227 $201,276.35 $599.64 $0.00 $1,138.05 $203,014.04
228 $203,014.04 $599.64 $0.00 $1,147.87 $204,761.55
229 $204,761.55 $599.64 $73,140.65 $1,157.75 $133,378.29
230 $133,378.29 $599.64 $0.00 $754.14 $134,732.07
231 $134,732.07 $599.64 $0.00 $761.79 $136,093.50
232 $136,093.50 $599.64 $0.00 $769.49 $137,462.63
233 $137,462.63 $599.64 $0.00 $777.23 $138,839.50
234 $138,839.50 $599.64 $0.00 $785.02 $140,224.16
235 $140,224.16 $599.64 $0.00 $792.85 $141,616.65
236 $141,616.65 $599.64 $0.00 $800.72 $143,017.01
237 $143,017.01 $599.64 $0.00 $808.64 $144,425.29
238 $144,425.29 $599.64 $0.00 $816.60 $145,841.53
239 $145,841.53 $599.64 $0.00 $824.61 $147,265.78
240 $147,265.78 $599.64 $0.00 $832.66 $148,698.08
241 $148,698.08 $599.64 $78,260.50 $840.76 $71,877.98
242 $71,877.98 $599.64 $0.00 $406.41 $72,884.03
243 $72,884.03 $599.64 $0.00 $412.10 $73,895.77
244 $73,895.77 $599.64 $0.00 $417.82 $74,913.23
245 $74,913.23 $599.64 $0.00 $423.57 $75,936.44
246 $75,936.44 $599.64 $0.00 $429.36 $76,965.44
247 $76,965.44 $599.64 $0.00 $435.17 $78,000.25
248 $78,000.25 $599.64 $0.00 $441.02 $79,040.91
249 $79,040.91 $599.64 $0.00 $446.91 $80,087.46
250 $80,087.46 $599.64 $0.00 $452.83 $81,139.93
251 $81,139.93 $599.64 $0.00 $458.78 $82,198.35
252 $82,198.35 $599.64 $0.00 $464.76 $83,262.75
253 $83,262.75 $0.00 $83,738.73 $470.78 -$5.20