Savings Plan and Future Cost Estimation for Bethune Cookman University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$112,325
Monthly savings required$888

How much will it cost to send your child to Bethune Cookman University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $449,300.80 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $887.73 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$29,940.00
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 $887.73 $0.00 $0.00 $887.73
2 $887.73 $887.73 $0.00 $5.02 $1,780.48
3 $1,780.48 $887.73 $0.00 $10.07 $2,678.28
4 $2,678.28 $887.73 $0.00 $15.14 $3,581.15
5 $3,581.15 $887.73 $0.00 $20.25 $4,489.13
6 $4,489.13 $887.73 $0.00 $25.38 $5,402.24
7 $5,402.24 $887.73 $0.00 $30.55 $6,320.52
8 $6,320.52 $887.73 $0.00 $35.74 $7,243.99
9 $7,243.99 $887.73 $0.00 $40.96 $8,172.68
10 $8,172.68 $887.73 $0.00 $46.21 $9,106.62
11 $9,106.62 $887.73 $0.00 $51.49 $10,045.84
12 $10,045.84 $887.73 $0.00 $56.80 $10,990.37
13 $10,990.37 $887.73 $0.00 $62.14 $11,940.24
14 $11,940.24 $887.73 $0.00 $67.51 $12,895.48
15 $12,895.48 $887.73 $0.00 $72.91 $13,856.12
16 $13,856.12 $887.73 $0.00 $78.34 $14,822.19
17 $14,822.19 $887.73 $0.00 $83.81 $15,793.73
18 $15,793.73 $887.73 $0.00 $89.30 $16,770.76
19 $16,770.76 $887.73 $0.00 $94.82 $17,753.31
20 $17,753.31 $887.73 $0.00 $100.38 $18,741.42
21 $18,741.42 $887.73 $0.00 $105.97 $19,735.12
22 $19,735.12 $887.73 $0.00 $111.59 $20,734.44
23 $20,734.44 $887.73 $0.00 $117.24 $21,739.41
24 $21,739.41 $887.73 $0.00 $122.92 $22,750.06
25 $22,750.06 $887.73 $0.00 $128.63 $23,766.42
26 $23,766.42 $887.73 $0.00 $134.38 $24,788.53
27 $24,788.53 $887.73 $0.00 $140.16 $25,816.42
28 $25,816.42 $887.73 $0.00 $145.97 $26,850.12
29 $26,850.12 $887.73 $0.00 $151.81 $27,889.66
30 $27,889.66 $887.73 $0.00 $157.69 $28,935.08
31 $28,935.08 $887.73 $0.00 $163.60 $29,986.41
32 $29,986.41 $887.73 $0.00 $169.55 $31,043.69
33 $31,043.69 $887.73 $0.00 $175.53 $32,106.95
34 $32,106.95 $887.73 $0.00 $181.54 $33,176.22
35 $33,176.22 $887.73 $0.00 $187.58 $34,251.53
36 $34,251.53 $887.73 $0.00 $193.66 $35,332.92
37 $35,332.92 $887.73 $0.00 $199.78 $36,420.43
38 $36,420.43 $887.73 $0.00 $205.93 $37,514.09
39 $37,514.09 $887.73 $0.00 $212.11 $38,613.93
40 $38,613.93 $887.73 $0.00 $218.33 $39,719.99
41 $39,719.99 $887.73 $0.00 $224.58 $40,832.30
42 $40,832.30 $887.73 $0.00 $230.87 $41,950.90
43 $41,950.90 $887.73 $0.00 $237.20 $43,075.83
44 $43,075.83 $887.73 $0.00 $243.56 $44,207.12
45 $44,207.12 $887.73 $0.00 $249.95 $45,344.80
46 $45,344.80 $887.73 $0.00 $256.39 $46,488.92
47 $46,488.92 $887.73 $0.00 $262.86 $47,639.51
48 $47,639.51 $887.73 $0.00 $269.36 $48,796.60
49 $48,796.60 $887.73 $0.00 $275.90 $49,960.23
50 $49,960.23 $887.73 $0.00 $282.48 $51,130.44
51 $51,130.44 $887.73 $0.00 $289.10 $52,307.27
52 $52,307.27 $887.73 $0.00 $295.75 $53,490.75
53 $53,490.75 $887.73 $0.00 $302.44 $54,680.92
54 $54,680.92 $887.73 $0.00 $309.17 $55,877.82
55 $55,877.82 $887.73 $0.00 $315.94 $57,081.49
56 $57,081.49 $887.73 $0.00 $322.75 $58,291.97
57 $58,291.97 $887.73 $0.00 $329.59 $59,509.29
58 $59,509.29 $887.73 $0.00 $336.47 $60,733.49
59 $60,733.49 $887.73 $0.00 $343.40 $61,964.62
60 $61,964.62 $887.73 $0.00 $350.36 $63,202.71
61 $63,202.71 $887.73 $0.00 $357.36 $64,447.80
62 $64,447.80 $887.73 $0.00 $364.40 $65,699.93
63 $65,699.93 $887.73 $0.00 $371.48 $66,959.14
64 $66,959.14 $887.73 $0.00 $378.60 $68,225.47
65 $68,225.47 $887.73 $0.00 $385.76 $69,498.96
66 $69,498.96 $887.73 $0.00 $392.96 $70,779.65
67 $70,779.65 $887.73 $0.00 $400.20 $72,067.58
68 $72,067.58 $887.73 $0.00 $407.48 $73,362.79
69 $73,362.79 $887.73 $0.00 $414.80 $74,665.32
70 $74,665.32 $887.73 $0.00 $422.17 $75,975.22
71 $75,975.22 $887.73 $0.00 $429.57 $77,292.52
72 $77,292.52 $887.73 $0.00 $437.02 $78,617.27
73 $78,617.27 $887.73 $0.00 $444.51 $79,949.51
74 $79,949.51 $887.73 $0.00 $452.05 $81,289.29
75 $81,289.29 $887.73 $0.00 $459.62 $82,636.64
76 $82,636.64 $887.73 $0.00 $467.24 $83,991.61
77 $83,991.61 $887.73 $0.00 $474.90 $85,354.24
78 $85,354.24 $887.73 $0.00 $482.61 $86,724.58
79 $86,724.58 $887.73 $0.00 $490.35 $88,102.66
80 $88,102.66 $887.73 $0.00 $498.15 $89,488.54
81 $89,488.54 $887.73 $0.00 $505.98 $90,882.25
82 $90,882.25 $887.73 $0.00 $513.86 $92,283.84
83 $92,283.84 $887.73 $0.00 $521.79 $93,693.36
84 $93,693.36 $887.73 $0.00 $529.76 $95,110.85
85 $95,110.85 $887.73 $0.00 $537.77 $96,536.35
86 $96,536.35 $887.73 $0.00 $545.83 $97,969.91
87 $97,969.91 $887.73 $0.00 $553.94 $99,411.58
88 $99,411.58 $887.73 $0.00 $562.09 $100,861.40
89 $100,861.40 $887.73 $0.00 $570.29 $102,319.42
90 $102,319.42 $887.73 $0.00 $578.53 $103,785.68
91 $103,785.68 $887.73 $0.00 $586.82 $105,260.23
92 $105,260.23 $887.73 $0.00 $595.16 $106,743.12
93 $106,743.12 $887.73 $0.00 $603.54 $108,234.39
94 $108,234.39 $887.73 $0.00 $611.97 $109,734.09
95 $109,734.09 $887.73 $0.00 $620.45 $111,242.27
96 $111,242.27 $887.73 $0.00 $628.98 $112,758.98
97 $112,758.98 $887.73 $0.00 $637.56 $114,284.27
98 $114,284.27 $887.73 $0.00 $646.18 $115,818.18
99 $115,818.18 $887.73 $0.00 $654.85 $117,360.76
100 $117,360.76 $887.73 $0.00 $663.57 $118,912.06
101 $118,912.06 $887.73 $0.00 $672.35 $120,472.14
102 $120,472.14 $887.73 $0.00 $681.17 $122,041.04
103 $122,041.04 $887.73 $0.00 $690.04 $123,618.81
104 $123,618.81 $887.73 $0.00 $698.96 $125,205.50
105 $125,205.50 $887.73 $0.00 $707.93 $126,801.16
106 $126,801.16 $887.73 $0.00 $716.95 $128,405.84
107 $128,405.84 $887.73 $0.00 $726.03 $130,019.60
108 $130,019.60 $887.73 $0.00 $735.15 $131,642.48
109 $131,642.48 $887.73 $0.00 $744.33 $133,274.54
110 $133,274.54 $887.73 $0.00 $753.55 $134,915.82
111 $134,915.82 $887.73 $0.00 $762.83 $136,566.38
112 $136,566.38 $887.73 $0.00 $772.17 $138,226.28
113 $138,226.28 $887.73 $0.00 $781.55 $139,895.56
114 $139,895.56 $887.73 $0.00 $790.99 $141,574.28
115 $141,574.28 $887.73 $0.00 $800.48 $143,262.49
116 $143,262.49 $887.73 $0.00 $810.03 $144,960.25
117 $144,960.25 $887.73 $0.00 $819.63 $146,667.61
118 $146,667.61 $887.73 $0.00 $829.28 $148,384.62
119 $148,384.62 $887.73 $0.00 $838.99 $150,111.34
120 $150,111.34 $887.73 $0.00 $848.75 $151,847.82
121 $151,847.82 $887.73 $0.00 $858.57 $153,594.12
122 $153,594.12 $887.73 $0.00 $868.44 $155,350.29
123 $155,350.29 $887.73 $0.00 $878.37 $157,116.39
124 $157,116.39 $887.73 $0.00 $888.36 $158,892.48
125 $158,892.48 $887.73 $0.00 $898.40 $160,678.61
126 $160,678.61 $887.73 $0.00 $908.50 $162,474.84
127 $162,474.84 $887.73 $0.00 $918.66 $164,281.23
128 $164,281.23 $887.73 $0.00 $928.87 $166,097.83
129 $166,097.83 $887.73 $0.00 $939.14 $167,924.70
130 $167,924.70 $887.73 $0.00 $949.47 $169,761.90
131 $169,761.90 $887.73 $0.00 $959.86 $171,609.49
132 $171,609.49 $887.73 $0.00 $970.31 $173,467.53
133 $173,467.53 $887.73 $0.00 $980.81 $175,336.07
134 $175,336.07 $887.73 $0.00 $991.38 $177,215.18
135 $177,215.18 $887.73 $0.00 $1,002.00 $179,104.91
136 $179,104.91 $887.73 $0.00 $1,012.69 $181,005.33
137 $181,005.33 $887.73 $0.00 $1,023.43 $182,916.49
138 $182,916.49 $887.73 $0.00 $1,034.24 $184,838.46
139 $184,838.46 $887.73 $0.00 $1,045.10 $186,771.29
140 $186,771.29 $887.73 $0.00 $1,056.03 $188,715.05
141 $188,715.05 $887.73 $0.00 $1,067.02 $190,669.80
142 $190,669.80 $887.73 $0.00 $1,078.07 $192,635.60
143 $192,635.60 $887.73 $0.00 $1,089.19 $194,612.52
144 $194,612.52 $887.73 $0.00 $1,100.37 $196,600.62
145 $196,600.62 $887.73 $0.00 $1,111.61 $198,599.96
146 $198,599.96 $887.73 $0.00 $1,122.91 $200,610.60
147 $200,610.60 $887.73 $0.00 $1,134.28 $202,632.61
148 $202,632.61 $887.73 $0.00 $1,145.71 $204,666.05
149 $204,666.05 $887.73 $0.00 $1,157.21 $206,710.99
150 $206,710.99 $887.73 $0.00 $1,168.77 $208,767.49
151 $208,767.49 $887.73 $0.00 $1,180.40 $210,835.62
152 $210,835.62 $887.73 $0.00 $1,192.10 $212,915.45
153 $212,915.45 $887.73 $0.00 $1,203.85 $215,007.03
154 $215,007.03 $887.73 $0.00 $1,215.68 $217,110.44
155 $217,110.44 $887.73 $0.00 $1,227.57 $219,225.74
156 $219,225.74 $887.73 $0.00 $1,239.53 $221,353.00
157 $221,353.00 $887.73 $0.00 $1,251.56 $223,492.29
158 $223,492.29 $887.73 $0.00 $1,263.66 $225,643.68
159 $225,643.68 $887.73 $0.00 $1,275.82 $227,807.23
160 $227,807.23 $887.73 $0.00 $1,288.06 $229,983.02
161 $229,983.02 $887.73 $0.00 $1,300.36 $232,171.11
162 $232,171.11 $887.73 $0.00 $1,312.73 $234,371.57
163 $234,371.57 $887.73 $0.00 $1,325.17 $236,584.47
164 $236,584.47 $887.73 $0.00 $1,337.68 $238,809.88
165 $238,809.88 $887.73 $0.00 $1,350.27 $241,047.88
166 $241,047.88 $887.73 $0.00 $1,362.92 $243,298.53
167 $243,298.53 $887.73 $0.00 $1,375.65 $245,561.91
168 $245,561.91 $887.73 $0.00 $1,388.44 $247,838.08
169 $247,838.08 $887.73 $0.00 $1,401.31 $250,127.12
170 $250,127.12 $887.73 $0.00 $1,414.26 $252,429.11
171 $252,429.11 $887.73 $0.00 $1,427.27 $254,744.11
172 $254,744.11 $887.73 $0.00 $1,440.36 $257,072.20
173 $257,072.20 $887.73 $0.00 $1,453.52 $259,413.45
174 $259,413.45 $887.73 $0.00 $1,466.76 $261,767.94
175 $261,767.94 $887.73 $0.00 $1,480.07 $264,135.74
176 $264,135.74 $887.73 $0.00 $1,493.46 $266,516.93
177 $266,516.93 $887.73 $0.00 $1,506.93 $268,911.59
178 $268,911.59 $887.73 $0.00 $1,520.47 $271,319.79
179 $271,319.79 $887.73 $0.00 $1,534.08 $273,741.60
180 $273,741.60 $887.73 $0.00 $1,547.77 $276,177.10
181 $276,177.10 $887.73 $0.00 $1,561.55 $278,626.38
182 $278,626.38 $887.73 $0.00 $1,575.39 $281,089.50
183 $281,089.50 $887.73 $0.00 $1,589.32 $283,566.55
184 $283,566.55 $887.73 $0.00 $1,603.33 $286,057.61
185 $286,057.61 $887.73 $0.00 $1,617.41 $288,562.75
186 $288,562.75 $887.73 $0.00 $1,631.58 $291,082.06
187 $291,082.06 $887.73 $0.00 $1,645.82 $293,615.61
188 $293,615.61 $887.73 $0.00 $1,660.15 $296,163.49
189 $296,163.49 $887.73 $0.00 $1,674.55 $298,725.77
190 $298,725.77 $887.73 $0.00 $1,689.04 $301,302.54
191 $301,302.54 $887.73 $0.00 $1,703.61 $303,893.88
192 $303,893.88 $887.73 $0.00 $1,718.26 $306,499.87
193 $306,499.87 $887.73 $0.00 $1,732.99 $309,120.59
194 $309,120.59 $887.73 $0.00 $1,747.81 $311,756.13
195 $311,756.13 $887.73 $0.00 $1,762.71 $314,406.57
196 $314,406.57 $887.73 $0.00 $1,777.70 $317,072.00
197 $317,072.00 $887.73 $0.00 $1,792.77 $319,752.50
198 $319,752.50 $887.73 $0.00 $1,807.93 $322,448.16
199 $322,448.16 $887.73 $0.00 $1,823.17 $325,159.06
200 $325,159.06 $887.73 $0.00 $1,838.50 $327,885.29
201 $327,885.29 $887.73 $0.00 $1,853.91 $330,626.93
202 $330,626.93 $887.73 $0.00 $1,869.41 $333,384.07
203 $333,384.07 $887.73 $0.00 $1,885.00 $336,156.80
204 $336,156.80 $887.73 $0.00 $1,900.68 $338,945.21
205 $338,945.21 $887.73 $0.00 $1,916.45 $341,749.39
206 $341,749.39 $887.73 $0.00 $1,932.30 $344,569.42
207 $344,569.42 $887.73 $0.00 $1,948.25 $347,405.40
208 $347,405.40 $887.73 $0.00 $1,964.28 $350,257.41
209 $350,257.41 $887.73 $0.00 $1,980.41 $353,125.55
210 $353,125.55 $887.73 $0.00 $1,996.62 $356,009.90
211 $356,009.90 $887.73 $0.00 $2,012.93 $358,910.56
212 $358,910.56 $887.73 $0.00 $2,029.33 $361,827.62
213 $361,827.62 $887.73 $0.00 $2,045.83 $364,761.18
214 $364,761.18 $887.73 $0.00 $2,062.41 $367,711.32
215 $367,711.32 $887.73 $0.00 $2,079.09 $370,678.14
216 $370,678.14 $887.73 $0.00 $2,095.87 $373,661.74
217 $373,661.74 $887.73 $101,195.17 $2,112.74 $275,467.04
218 $275,467.04 $887.73 $0.00 $1,557.53 $277,912.30
219 $277,912.30 $887.73 $0.00 $1,571.36 $280,371.39
220 $280,371.39 $887.73 $0.00 $1,585.26 $282,844.38
221 $282,844.38 $887.73 $0.00 $1,599.24 $285,331.35
222 $285,331.35 $887.73 $0.00 $1,613.30 $287,832.38
223 $287,832.38 $887.73 $0.00 $1,627.45 $290,347.56
224 $290,347.56 $887.73 $0.00 $1,641.67 $292,876.96
225 $292,876.96 $887.73 $0.00 $1,655.97 $295,420.66
226 $295,420.66 $887.73 $0.00 $1,670.35 $297,978.74
227 $297,978.74 $887.73 $0.00 $1,684.82 $300,551.29
228 $300,551.29 $887.73 $0.00 $1,699.36 $303,138.38
229 $303,138.38 $887.73 $108,278.83 $1,713.99 $197,461.27
230 $197,461.27 $887.73 $0.00 $1,116.47 $199,465.47
231 $199,465.47 $887.73 $0.00 $1,127.81 $201,481.01
232 $201,481.01 $887.73 $0.00 $1,139.20 $203,507.94
233 $203,507.94 $887.73 $0.00 $1,150.66 $205,546.33
234 $205,546.33 $887.73 $0.00 $1,162.19 $207,596.25
235 $207,596.25 $887.73 $0.00 $1,173.78 $209,657.76
236 $209,657.76 $887.73 $0.00 $1,185.44 $211,730.93
237 $211,730.93 $887.73 $0.00 $1,197.16 $213,815.82
238 $213,815.82 $887.73 $0.00 $1,208.95 $215,912.50
239 $215,912.50 $887.73 $0.00 $1,220.80 $218,021.03
240 $218,021.03 $887.73 $0.00 $1,232.72 $220,141.48
241 $220,141.48 $887.73 $115,858.35 $1,244.71 $106,415.57
242 $106,415.57 $887.73 $0.00 $601.69 $107,904.99
243 $107,904.99 $887.73 $0.00 $610.11 $109,402.83
244 $109,402.83 $887.73 $0.00 $618.58 $110,909.14
245 $110,909.14 $887.73 $0.00 $627.10 $112,423.97
246 $112,423.97 $887.73 $0.00 $635.66 $113,947.36
247 $113,947.36 $887.73 $0.00 $644.27 $115,479.36
248 $115,479.36 $887.73 $0.00 $652.94 $117,020.03
249 $117,020.03 $887.73 $0.00 $661.65 $118,569.41
250 $118,569.41 $887.73 $0.00 $670.41 $120,127.55
251 $120,127.55 $887.73 $0.00 $679.22 $121,694.50
252 $121,694.50 $887.73 $0.00 $688.08 $123,270.31
253 $123,270.31 $0.00 $123,968.44 $696.99 -$1.14