Savings Plan and Future Cost Estimation for Wilmington University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$81,149
Monthly savings required$641

How much will it cost to send your child to Wilmington University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $324,595.06 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $641.33 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$21,630.00
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 $641.33 $0.00 $0.00 $641.33
2 $641.33 $641.33 $0.00 $3.63 $1,286.29
3 $1,286.29 $641.33 $0.00 $7.27 $1,934.89
4 $1,934.89 $641.33 $0.00 $10.94 $2,587.16
5 $2,587.16 $641.33 $0.00 $14.63 $3,243.12
6 $3,243.12 $641.33 $0.00 $18.34 $3,902.79
7 $3,902.79 $641.33 $0.00 $22.07 $4,566.19
8 $4,566.19 $641.33 $0.00 $25.82 $5,233.34
9 $5,233.34 $641.33 $0.00 $29.59 $5,904.26
10 $5,904.26 $641.33 $0.00 $33.38 $6,578.97
11 $6,578.97 $641.33 $0.00 $37.20 $7,257.50
12 $7,257.50 $641.33 $0.00 $41.03 $7,939.86
13 $7,939.86 $641.33 $0.00 $44.89 $8,626.08
14 $8,626.08 $641.33 $0.00 $48.77 $9,316.18
15 $9,316.18 $641.33 $0.00 $52.68 $10,010.19
16 $10,010.19 $641.33 $0.00 $56.60 $10,708.12
17 $10,708.12 $641.33 $0.00 $60.55 $11,410.00
18 $11,410.00 $641.33 $0.00 $64.51 $12,115.84
19 $12,115.84 $641.33 $0.00 $68.50 $12,825.67
20 $12,825.67 $641.33 $0.00 $72.52 $13,539.52
21 $13,539.52 $641.33 $0.00 $76.55 $14,257.40
22 $14,257.40 $641.33 $0.00 $80.61 $14,979.34
23 $14,979.34 $641.33 $0.00 $84.70 $15,705.37
24 $15,705.37 $641.33 $0.00 $88.80 $16,435.50
25 $16,435.50 $641.33 $0.00 $92.93 $17,169.76
26 $17,169.76 $641.33 $0.00 $97.08 $17,908.17
27 $17,908.17 $641.33 $0.00 $101.26 $18,650.76
28 $18,650.76 $641.33 $0.00 $105.45 $19,397.54
29 $19,397.54 $641.33 $0.00 $109.68 $20,148.55
30 $20,148.55 $641.33 $0.00 $113.92 $20,903.80
31 $20,903.80 $641.33 $0.00 $118.19 $21,663.32
32 $21,663.32 $641.33 $0.00 $122.49 $22,427.14
33 $22,427.14 $641.33 $0.00 $126.81 $23,195.28
34 $23,195.28 $641.33 $0.00 $131.15 $23,967.76
35 $23,967.76 $641.33 $0.00 $135.52 $24,744.61
36 $24,744.61 $641.33 $0.00 $139.91 $25,525.85
37 $25,525.85 $641.33 $0.00 $144.33 $26,311.51
38 $26,311.51 $641.33 $0.00 $148.77 $27,101.61
39 $27,101.61 $641.33 $0.00 $153.24 $27,896.18
40 $27,896.18 $641.33 $0.00 $157.73 $28,695.24
41 $28,695.24 $641.33 $0.00 $162.25 $29,498.82
42 $29,498.82 $641.33 $0.00 $166.79 $30,306.94
43 $30,306.94 $641.33 $0.00 $171.36 $31,119.63
44 $31,119.63 $641.33 $0.00 $175.95 $31,936.91
45 $31,936.91 $641.33 $0.00 $180.58 $32,758.82
46 $32,758.82 $641.33 $0.00 $185.22 $33,585.37
47 $33,585.37 $641.33 $0.00 $189.90 $34,416.60
48 $34,416.60 $641.33 $0.00 $194.60 $35,252.53
49 $35,252.53 $641.33 $0.00 $199.32 $36,093.18
50 $36,093.18 $641.33 $0.00 $204.08 $36,938.59
51 $36,938.59 $641.33 $0.00 $208.86 $37,788.78
52 $37,788.78 $641.33 $0.00 $213.66 $38,643.77
53 $38,643.77 $641.33 $0.00 $218.50 $39,503.60
54 $39,503.60 $641.33 $0.00 $223.36 $40,368.29
55 $40,368.29 $641.33 $0.00 $228.25 $41,237.87
56 $41,237.87 $641.33 $0.00 $233.16 $42,112.36
57 $42,112.36 $641.33 $0.00 $238.11 $42,991.80
58 $42,991.80 $641.33 $0.00 $243.08 $43,876.21
59 $43,876.21 $641.33 $0.00 $248.08 $44,765.62
60 $44,765.62 $641.33 $0.00 $253.11 $45,660.06
61 $45,660.06 $641.33 $0.00 $258.17 $46,559.56
62 $46,559.56 $641.33 $0.00 $263.25 $47,464.14
63 $47,464.14 $641.33 $0.00 $268.37 $48,373.84
64 $48,373.84 $641.33 $0.00 $273.51 $49,288.68
65 $49,288.68 $641.33 $0.00 $278.69 $50,208.70
66 $50,208.70 $641.33 $0.00 $283.89 $51,133.92
67 $51,133.92 $641.33 $0.00 $289.12 $52,064.37
68 $52,064.37 $641.33 $0.00 $294.38 $53,000.08
69 $53,000.08 $641.33 $0.00 $299.67 $53,941.08
70 $53,941.08 $641.33 $0.00 $304.99 $54,887.40
71 $54,887.40 $641.33 $0.00 $310.34 $55,839.07
72 $55,839.07 $641.33 $0.00 $315.72 $56,796.12
73 $56,796.12 $641.33 $0.00 $321.13 $57,758.58
74 $57,758.58 $641.33 $0.00 $326.58 $58,726.49
75 $58,726.49 $641.33 $0.00 $332.05 $59,699.87
76 $59,699.87 $641.33 $0.00 $337.55 $60,678.75
77 $60,678.75 $641.33 $0.00 $343.09 $61,663.17
78 $61,663.17 $641.33 $0.00 $348.65 $62,653.15
79 $62,653.15 $641.33 $0.00 $354.25 $63,648.73
80 $63,648.73 $641.33 $0.00 $359.88 $64,649.94
81 $64,649.94 $641.33 $0.00 $365.54 $65,656.81
82 $65,656.81 $641.33 $0.00 $371.23 $66,669.37
83 $66,669.37 $641.33 $0.00 $376.96 $67,687.66
84 $67,687.66 $641.33 $0.00 $382.72 $68,711.71
85 $68,711.71 $641.33 $0.00 $388.51 $69,741.55
86 $69,741.55 $641.33 $0.00 $394.33 $70,777.21
87 $70,777.21 $641.33 $0.00 $400.18 $71,818.72
88 $71,818.72 $641.33 $0.00 $406.07 $72,866.12
89 $72,866.12 $641.33 $0.00 $412.00 $73,919.45
90 $73,919.45 $641.33 $0.00 $417.95 $74,978.73
91 $74,978.73 $641.33 $0.00 $423.94 $76,044.00
92 $76,044.00 $641.33 $0.00 $429.96 $77,115.29
93 $77,115.29 $641.33 $0.00 $436.02 $78,192.64
94 $78,192.64 $641.33 $0.00 $442.11 $79,276.08
95 $79,276.08 $641.33 $0.00 $448.24 $80,365.65
96 $80,365.65 $641.33 $0.00 $454.40 $81,461.38
97 $81,461.38 $641.33 $0.00 $460.59 $82,563.30
98 $82,563.30 $641.33 $0.00 $466.82 $83,671.45
99 $83,671.45 $641.33 $0.00 $473.09 $84,785.87
100 $84,785.87 $641.33 $0.00 $479.39 $85,906.59
101 $85,906.59 $641.33 $0.00 $485.73 $87,033.65
102 $87,033.65 $641.33 $0.00 $492.10 $88,167.08
103 $88,167.08 $641.33 $0.00 $498.51 $89,306.92
104 $89,306.92 $641.33 $0.00 $504.95 $90,453.20
105 $90,453.20 $641.33 $0.00 $511.44 $91,605.97
106 $91,605.97 $641.33 $0.00 $517.95 $92,765.25
107 $92,765.25 $641.33 $0.00 $524.51 $93,931.09
108 $93,931.09 $641.33 $0.00 $531.10 $95,103.52
109 $95,103.52 $641.33 $0.00 $537.73 $96,282.58
110 $96,282.58 $641.33 $0.00 $544.40 $97,468.31
111 $97,468.31 $641.33 $0.00 $551.10 $98,660.74
112 $98,660.74 $641.33 $0.00 $557.84 $99,859.91
113 $99,859.91 $641.33 $0.00 $564.62 $101,065.86
114 $101,065.86 $641.33 $0.00 $571.44 $102,278.63
115 $102,278.63 $641.33 $0.00 $578.30 $103,498.26
116 $103,498.26 $641.33 $0.00 $585.19 $104,724.78
117 $104,724.78 $641.33 $0.00 $592.13 $105,958.24
118 $105,958.24 $641.33 $0.00 $599.10 $107,198.67
119 $107,198.67 $641.33 $0.00 $606.12 $108,446.12
120 $108,446.12 $641.33 $0.00 $613.17 $109,700.62
121 $109,700.62 $641.33 $0.00 $620.26 $110,962.21
122 $110,962.21 $641.33 $0.00 $627.40 $112,230.94
123 $112,230.94 $641.33 $0.00 $634.57 $113,506.84
124 $113,506.84 $641.33 $0.00 $641.78 $114,789.95
125 $114,789.95 $641.33 $0.00 $649.04 $116,080.32
126 $116,080.32 $641.33 $0.00 $656.34 $117,377.99
127 $117,377.99 $641.33 $0.00 $663.67 $118,682.99
128 $118,682.99 $641.33 $0.00 $671.05 $119,995.37
129 $119,995.37 $641.33 $0.00 $678.47 $121,315.17
130 $121,315.17 $641.33 $0.00 $685.93 $122,642.43
131 $122,642.43 $641.33 $0.00 $693.44 $123,977.20
132 $123,977.20 $641.33 $0.00 $700.99 $125,319.52
133 $125,319.52 $641.33 $0.00 $708.57 $126,669.42
134 $126,669.42 $641.33 $0.00 $716.21 $128,026.96
135 $128,026.96 $641.33 $0.00 $723.88 $129,392.17
136 $129,392.17 $641.33 $0.00 $731.60 $130,765.10
137 $130,765.10 $641.33 $0.00 $739.36 $132,145.79
138 $132,145.79 $641.33 $0.00 $747.17 $133,534.29
139 $133,534.29 $641.33 $0.00 $755.02 $134,930.64
140 $134,930.64 $641.33 $0.00 $762.92 $136,334.89
141 $136,334.89 $641.33 $0.00 $770.86 $137,747.08
142 $137,747.08 $641.33 $0.00 $778.84 $139,167.25
143 $139,167.25 $641.33 $0.00 $786.87 $140,595.45
144 $140,595.45 $641.33 $0.00 $794.95 $142,031.73
145 $142,031.73 $641.33 $0.00 $803.07 $143,476.13
146 $143,476.13 $641.33 $0.00 $811.23 $144,928.69
147 $144,928.69 $641.33 $0.00 $819.45 $146,389.47
148 $146,389.47 $641.33 $0.00 $827.71 $147,858.51
149 $147,858.51 $641.33 $0.00 $836.01 $149,335.85
150 $149,335.85 $641.33 $0.00 $844.37 $150,821.55
151 $150,821.55 $641.33 $0.00 $852.77 $152,315.65
152 $152,315.65 $641.33 $0.00 $861.21 $153,818.19
153 $153,818.19 $641.33 $0.00 $869.71 $155,329.23
154 $155,329.23 $641.33 $0.00 $878.25 $156,848.81
155 $156,848.81 $641.33 $0.00 $886.85 $158,376.99
156 $158,376.99 $641.33 $0.00 $895.49 $159,913.81
157 $159,913.81 $641.33 $0.00 $904.18 $161,459.32
158 $161,459.32 $641.33 $0.00 $912.91 $163,013.56
159 $163,013.56 $641.33 $0.00 $921.70 $164,576.59
160 $164,576.59 $641.33 $0.00 $930.54 $166,148.46
161 $166,148.46 $641.33 $0.00 $939.43 $167,729.22
162 $167,729.22 $641.33 $0.00 $948.37 $169,318.92
163 $169,318.92 $641.33 $0.00 $957.35 $170,917.60
164 $170,917.60 $641.33 $0.00 $966.39 $172,525.32
165 $172,525.32 $641.33 $0.00 $975.48 $174,142.13
166 $174,142.13 $641.33 $0.00 $984.62 $175,768.08
167 $175,768.08 $641.33 $0.00 $993.82 $177,403.23
168 $177,403.23 $641.33 $0.00 $1,003.06 $179,047.62
169 $179,047.62 $641.33 $0.00 $1,012.36 $180,701.31
170 $180,701.31 $641.33 $0.00 $1,021.71 $182,364.35
171 $182,364.35 $641.33 $0.00 $1,031.11 $184,036.79
172 $184,036.79 $641.33 $0.00 $1,040.57 $185,718.69
173 $185,718.69 $641.33 $0.00 $1,050.08 $187,410.10
174 $187,410.10 $641.33 $0.00 $1,059.64 $189,111.07
175 $189,111.07 $641.33 $0.00 $1,069.26 $190,821.66
176 $190,821.66 $641.33 $0.00 $1,078.93 $192,541.92
177 $192,541.92 $641.33 $0.00 $1,088.66 $194,271.91
178 $194,271.91 $641.33 $0.00 $1,098.44 $196,011.68
179 $196,011.68 $641.33 $0.00 $1,108.28 $197,761.29
180 $197,761.29 $641.33 $0.00 $1,118.17 $199,520.79
181 $199,520.79 $641.33 $0.00 $1,128.12 $201,290.24
182 $201,290.24 $641.33 $0.00 $1,138.12 $203,069.69
183 $203,069.69 $641.33 $0.00 $1,148.19 $204,859.21
184 $204,859.21 $641.33 $0.00 $1,158.30 $206,658.84
185 $206,658.84 $641.33 $0.00 $1,168.48 $208,468.65
186 $208,468.65 $641.33 $0.00 $1,178.71 $210,288.69
187 $210,288.69 $641.33 $0.00 $1,189.00 $212,119.02
188 $212,119.02 $641.33 $0.00 $1,199.35 $213,959.70
189 $213,959.70 $641.33 $0.00 $1,209.76 $215,810.79
190 $215,810.79 $641.33 $0.00 $1,220.23 $217,672.35
191 $217,672.35 $641.33 $0.00 $1,230.75 $219,544.43
192 $219,544.43 $641.33 $0.00 $1,241.34 $221,427.10
193 $221,427.10 $641.33 $0.00 $1,251.98 $223,320.41
194 $223,320.41 $641.33 $0.00 $1,262.69 $225,224.43
195 $225,224.43 $641.33 $0.00 $1,273.45 $227,139.21
196 $227,139.21 $641.33 $0.00 $1,284.28 $229,064.82
197 $229,064.82 $641.33 $0.00 $1,295.17 $231,001.32
198 $231,001.32 $641.33 $0.00 $1,306.12 $232,948.77
199 $232,948.77 $641.33 $0.00 $1,317.13 $234,907.23
200 $234,907.23 $641.33 $0.00 $1,328.20 $236,876.76
201 $236,876.76 $641.33 $0.00 $1,339.34 $238,857.43
202 $238,857.43 $641.33 $0.00 $1,350.53 $240,849.29
203 $240,849.29 $641.33 $0.00 $1,361.80 $242,852.42
204 $242,852.42 $641.33 $0.00 $1,373.12 $244,866.87
205 $244,866.87 $641.33 $0.00 $1,384.51 $246,892.71
206 $246,892.71 $641.33 $0.00 $1,395.97 $248,930.01
207 $248,930.01 $641.33 $0.00 $1,407.49 $250,978.83
208 $250,978.83 $641.33 $0.00 $1,419.07 $253,039.23
209 $253,039.23 $641.33 $0.00 $1,430.72 $255,111.28
210 $255,111.28 $641.33 $0.00 $1,442.44 $257,195.05
211 $257,195.05 $641.33 $0.00 $1,454.22 $259,290.60
212 $259,290.60 $641.33 $0.00 $1,466.07 $261,398.00
213 $261,398.00 $641.33 $0.00 $1,477.98 $263,517.31
214 $263,517.31 $641.33 $0.00 $1,489.97 $265,648.61
215 $265,648.61 $641.33 $0.00 $1,502.02 $267,791.96
216 $267,791.96 $641.33 $0.00 $1,514.13 $269,947.42
217 $269,947.42 $641.33 $73,107.94 $1,526.32 $199,007.13
218 $199,007.13 $641.33 $0.00 $1,125.22 $200,773.68
219 $200,773.68 $641.33 $0.00 $1,135.20 $202,550.21
220 $202,550.21 $641.33 $0.00 $1,145.25 $204,336.79
221 $204,336.79 $641.33 $0.00 $1,155.35 $206,133.47
222 $206,133.47 $641.33 $0.00 $1,165.51 $207,940.31
223 $207,940.31 $641.33 $0.00 $1,175.72 $209,757.36
224 $209,757.36 $641.33 $0.00 $1,186.00 $211,584.69
225 $211,584.69 $641.33 $0.00 $1,196.33 $213,422.35
226 $213,422.35 $641.33 $0.00 $1,206.72 $215,270.40
227 $215,270.40 $641.33 $0.00 $1,217.17 $217,128.90
228 $217,128.90 $641.33 $0.00 $1,227.68 $218,997.91
229 $218,997.91 $641.33 $78,225.49 $1,238.25 $142,652.00
230 $142,652.00 $641.33 $0.00 $806.58 $144,099.91
231 $144,099.91 $641.33 $0.00 $814.76 $145,556.00
232 $145,556.00 $641.33 $0.00 $822.99 $147,020.32
233 $147,020.32 $641.33 $0.00 $831.27 $148,492.92
234 $148,492.92 $641.33 $0.00 $839.60 $149,973.85
235 $149,973.85 $641.33 $0.00 $847.97 $151,463.15
236 $151,463.15 $641.33 $0.00 $856.39 $152,960.87
237 $152,960.87 $641.33 $0.00 $864.86 $154,467.06
238 $154,467.06 $641.33 $0.00 $873.38 $155,981.77
239 $155,981.77 $641.33 $0.00 $881.94 $157,505.04
240 $157,505.04 $641.33 $0.00 $890.56 $159,036.93
241 $159,036.93 $641.33 $83,701.27 $899.22 $76,876.21
242 $76,876.21 $641.33 $0.00 $434.67 $77,952.21
243 $77,952.21 $641.33 $0.00 $440.75 $79,034.29
244 $79,034.29 $641.33 $0.00 $446.87 $80,122.49
245 $80,122.49 $641.33 $0.00 $453.02 $81,216.84
246 $81,216.84 $641.33 $0.00 $459.21 $82,317.38
247 $82,317.38 $641.33 $0.00 $465.43 $83,424.14
248 $83,424.14 $641.33 $0.00 $471.69 $84,537.16
249 $84,537.16 $641.33 $0.00 $477.99 $85,656.48
250 $85,656.48 $641.33 $0.00 $484.31 $86,782.12
251 $86,782.12 $641.33 $0.00 $490.68 $87,914.13
252 $87,914.13 $641.33 $0.00 $497.08 $89,052.54
253 $89,052.54 $0.00 $89,560.36 $503.52 -$4.30