Savings Plan and Future Cost Estimation for Embry Riddle Aeronautical University Daytona Beach

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$216,674
Monthly savings required$1,712

How much will it cost to send your child to Embry Riddle Aeronautical University Daytona Beach in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $866,697.34 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,712.43 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$57,754.00
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 $1,712.43 $0.00 $0.00 $1,712.43
2 $1,712.43 $1,712.43 $0.00 $9.68 $3,434.54
3 $3,434.54 $1,712.43 $0.00 $19.42 $5,166.39
4 $5,166.39 $1,712.43 $0.00 $29.21 $6,908.03
5 $6,908.03 $1,712.43 $0.00 $39.06 $8,659.52
6 $8,659.52 $1,712.43 $0.00 $48.96 $10,420.91
7 $10,420.91 $1,712.43 $0.00 $58.92 $12,192.26
8 $12,192.26 $1,712.43 $0.00 $68.94 $13,973.63
9 $13,973.63 $1,712.43 $0.00 $79.01 $15,765.07
10 $15,765.07 $1,712.43 $0.00 $89.14 $17,566.64
11 $17,566.64 $1,712.43 $0.00 $99.32 $19,378.39
12 $19,378.39 $1,712.43 $0.00 $109.57 $21,200.39
13 $21,200.39 $1,712.43 $0.00 $119.87 $23,032.69
14 $23,032.69 $1,712.43 $0.00 $130.23 $24,875.35
15 $24,875.35 $1,712.43 $0.00 $140.65 $26,728.43
16 $26,728.43 $1,712.43 $0.00 $151.13 $28,591.99
17 $28,591.99 $1,712.43 $0.00 $161.66 $30,466.08
18 $30,466.08 $1,712.43 $0.00 $172.26 $32,350.77
19 $32,350.77 $1,712.43 $0.00 $182.92 $34,246.12
20 $34,246.12 $1,712.43 $0.00 $193.63 $36,152.18
21 $36,152.18 $1,712.43 $0.00 $204.41 $38,069.02
22 $38,069.02 $1,712.43 $0.00 $215.25 $39,996.70
23 $39,996.70 $1,712.43 $0.00 $226.15 $41,935.28
24 $41,935.28 $1,712.43 $0.00 $237.11 $43,884.82
25 $43,884.82 $1,712.43 $0.00 $248.13 $45,845.38
26 $45,845.38 $1,712.43 $0.00 $259.22 $47,817.03
27 $47,817.03 $1,712.43 $0.00 $270.36 $49,799.82
28 $49,799.82 $1,712.43 $0.00 $281.58 $51,793.83
29 $51,793.83 $1,712.43 $0.00 $292.85 $53,799.11
30 $53,799.11 $1,712.43 $0.00 $304.19 $55,815.73
31 $55,815.73 $1,712.43 $0.00 $315.59 $57,843.75
32 $57,843.75 $1,712.43 $0.00 $327.06 $59,883.24
33 $59,883.24 $1,712.43 $0.00 $338.59 $61,934.26
34 $61,934.26 $1,712.43 $0.00 $350.19 $63,996.88
35 $63,996.88 $1,712.43 $0.00 $361.85 $66,071.16
36 $66,071.16 $1,712.43 $0.00 $373.58 $68,157.17
37 $68,157.17 $1,712.43 $0.00 $385.37 $70,254.97
38 $70,254.97 $1,712.43 $0.00 $397.23 $72,364.63
39 $72,364.63 $1,712.43 $0.00 $409.16 $74,486.22
40 $74,486.22 $1,712.43 $0.00 $421.16 $76,619.81
41 $76,619.81 $1,712.43 $0.00 $433.22 $78,765.46
42 $78,765.46 $1,712.43 $0.00 $445.35 $80,923.24
43 $80,923.24 $1,712.43 $0.00 $457.55 $83,093.22
44 $83,093.22 $1,712.43 $0.00 $469.82 $85,275.47
45 $85,275.47 $1,712.43 $0.00 $482.16 $87,470.06
46 $87,470.06 $1,712.43 $0.00 $494.57 $89,677.06
47 $89,677.06 $1,712.43 $0.00 $507.05 $91,896.54
48 $91,896.54 $1,712.43 $0.00 $519.60 $94,128.57
49 $94,128.57 $1,712.43 $0.00 $532.22 $96,373.22
50 $96,373.22 $1,712.43 $0.00 $544.91 $98,630.56
51 $98,630.56 $1,712.43 $0.00 $557.67 $100,900.66
52 $100,900.66 $1,712.43 $0.00 $570.51 $103,183.60
53 $103,183.60 $1,712.43 $0.00 $583.42 $105,479.45
54 $105,479.45 $1,712.43 $0.00 $596.40 $107,788.28
55 $107,788.28 $1,712.43 $0.00 $609.45 $110,110.16
56 $110,110.16 $1,712.43 $0.00 $622.58 $112,445.17
57 $112,445.17 $1,712.43 $0.00 $635.78 $114,793.38
58 $114,793.38 $1,712.43 $0.00 $649.06 $117,154.87
59 $117,154.87 $1,712.43 $0.00 $662.41 $119,529.71
60 $119,529.71 $1,712.43 $0.00 $675.84 $121,917.98
61 $121,917.98 $1,712.43 $0.00 $689.34 $124,319.75
62 $124,319.75 $1,712.43 $0.00 $702.92 $126,735.10
63 $126,735.10 $1,712.43 $0.00 $716.58 $129,164.11
64 $129,164.11 $1,712.43 $0.00 $730.31 $131,606.85
65 $131,606.85 $1,712.43 $0.00 $744.12 $134,063.40
66 $134,063.40 $1,712.43 $0.00 $758.01 $136,533.84
67 $136,533.84 $1,712.43 $0.00 $771.98 $139,018.25
68 $139,018.25 $1,712.43 $0.00 $786.03 $141,516.71
69 $141,516.71 $1,712.43 $0.00 $800.16 $144,029.30
70 $144,029.30 $1,712.43 $0.00 $814.36 $146,556.09
71 $146,556.09 $1,712.43 $0.00 $828.65 $149,097.17
72 $149,097.17 $1,712.43 $0.00 $843.02 $151,652.62
73 $151,652.62 $1,712.43 $0.00 $857.47 $154,222.52
74 $154,222.52 $1,712.43 $0.00 $872.00 $156,806.95
75 $156,806.95 $1,712.43 $0.00 $886.61 $159,405.99
76 $159,405.99 $1,712.43 $0.00 $901.30 $162,019.72
77 $162,019.72 $1,712.43 $0.00 $916.08 $164,648.23
78 $164,648.23 $1,712.43 $0.00 $930.95 $167,291.61
79 $167,291.61 $1,712.43 $0.00 $945.89 $169,949.93
80 $169,949.93 $1,712.43 $0.00 $960.92 $172,623.28
81 $172,623.28 $1,712.43 $0.00 $976.04 $175,311.75
82 $175,311.75 $1,712.43 $0.00 $991.24 $178,015.42
83 $178,015.42 $1,712.43 $0.00 $1,006.53 $180,734.38
84 $180,734.38 $1,712.43 $0.00 $1,021.90 $183,468.71
85 $183,468.71 $1,712.43 $0.00 $1,037.36 $186,218.50
86 $186,218.50 $1,712.43 $0.00 $1,052.91 $188,983.84
87 $188,983.84 $1,712.43 $0.00 $1,068.54 $191,764.81
88 $191,764.81 $1,712.43 $0.00 $1,084.27 $194,561.51
89 $194,561.51 $1,712.43 $0.00 $1,100.08 $197,374.02
90 $197,374.02 $1,712.43 $0.00 $1,115.98 $200,202.43
91 $200,202.43 $1,712.43 $0.00 $1,131.97 $203,046.83
92 $203,046.83 $1,712.43 $0.00 $1,148.06 $205,907.32
93 $205,907.32 $1,712.43 $0.00 $1,164.23 $208,783.98
94 $208,783.98 $1,712.43 $0.00 $1,180.49 $211,676.90
95 $211,676.90 $1,712.43 $0.00 $1,196.85 $214,586.18
96 $214,586.18 $1,712.43 $0.00 $1,213.30 $217,511.91
97 $217,511.91 $1,712.43 $0.00 $1,229.84 $220,454.18
98 $220,454.18 $1,712.43 $0.00 $1,246.48 $223,413.09
99 $223,413.09 $1,712.43 $0.00 $1,263.21 $226,388.73
100 $226,388.73 $1,712.43 $0.00 $1,280.03 $229,381.19
101 $229,381.19 $1,712.43 $0.00 $1,296.95 $232,390.57
102 $232,390.57 $1,712.43 $0.00 $1,313.97 $235,416.97
103 $235,416.97 $1,712.43 $0.00 $1,331.08 $238,460.48
104 $238,460.48 $1,712.43 $0.00 $1,348.29 $241,521.20
105 $241,521.20 $1,712.43 $0.00 $1,365.60 $244,599.23
106 $244,599.23 $1,712.43 $0.00 $1,383.00 $247,694.66
107 $247,694.66 $1,712.43 $0.00 $1,400.50 $250,807.59
108 $250,807.59 $1,712.43 $0.00 $1,418.10 $253,938.12
109 $253,938.12 $1,712.43 $0.00 $1,435.80 $257,086.35
110 $257,086.35 $1,712.43 $0.00 $1,453.60 $260,252.38
111 $260,252.38 $1,712.43 $0.00 $1,471.50 $263,436.31
112 $263,436.31 $1,712.43 $0.00 $1,489.51 $266,638.25
113 $266,638.25 $1,712.43 $0.00 $1,507.61 $269,858.29
114 $269,858.29 $1,712.43 $0.00 $1,525.82 $273,096.54
115 $273,096.54 $1,712.43 $0.00 $1,544.13 $276,353.10
116 $276,353.10 $1,712.43 $0.00 $1,562.54 $279,628.07
117 $279,628.07 $1,712.43 $0.00 $1,581.06 $282,921.56
118 $282,921.56 $1,712.43 $0.00 $1,599.68 $286,233.67
119 $286,233.67 $1,712.43 $0.00 $1,618.41 $289,564.51
120 $289,564.51 $1,712.43 $0.00 $1,637.24 $292,914.18
121 $292,914.18 $1,712.43 $0.00 $1,656.18 $296,282.79
122 $296,282.79 $1,712.43 $0.00 $1,675.23 $299,670.45
123 $299,670.45 $1,712.43 $0.00 $1,694.38 $303,077.26
124 $303,077.26 $1,712.43 $0.00 $1,713.64 $306,503.33
125 $306,503.33 $1,712.43 $0.00 $1,733.01 $309,948.77
126 $309,948.77 $1,712.43 $0.00 $1,752.50 $313,413.70
127 $313,413.70 $1,712.43 $0.00 $1,772.09 $316,898.22
128 $316,898.22 $1,712.43 $0.00 $1,791.79 $320,402.44
129 $320,402.44 $1,712.43 $0.00 $1,811.60 $323,926.47
130 $323,926.47 $1,712.43 $0.00 $1,831.53 $327,470.43
131 $327,470.43 $1,712.43 $0.00 $1,851.57 $331,034.43
132 $331,034.43 $1,712.43 $0.00 $1,871.72 $334,618.58
133 $334,618.58 $1,712.43 $0.00 $1,891.98 $338,222.99
134 $338,222.99 $1,712.43 $0.00 $1,912.36 $341,847.78
135 $341,847.78 $1,712.43 $0.00 $1,932.86 $345,493.07
136 $345,493.07 $1,712.43 $0.00 $1,953.47 $349,158.97
137 $349,158.97 $1,712.43 $0.00 $1,974.20 $352,845.60
138 $352,845.60 $1,712.43 $0.00 $1,995.04 $356,553.07
139 $356,553.07 $1,712.43 $0.00 $2,016.00 $360,281.50
140 $360,281.50 $1,712.43 $0.00 $2,037.08 $364,031.01
141 $364,031.01 $1,712.43 $0.00 $2,058.28 $367,801.72
142 $367,801.72 $1,712.43 $0.00 $2,079.60 $371,593.75
143 $371,593.75 $1,712.43 $0.00 $2,101.05 $375,407.23
144 $375,407.23 $1,712.43 $0.00 $2,122.61 $379,242.27
145 $379,242.27 $1,712.43 $0.00 $2,144.29 $383,098.99
146 $383,098.99 $1,712.43 $0.00 $2,166.10 $386,977.52
147 $386,977.52 $1,712.43 $0.00 $2,188.03 $390,877.98
148 $390,877.98 $1,712.43 $0.00 $2,210.08 $394,800.49
149 $394,800.49 $1,712.43 $0.00 $2,232.26 $398,745.18
150 $398,745.18 $1,712.43 $0.00 $2,254.56 $402,712.17
151 $402,712.17 $1,712.43 $0.00 $2,276.99 $406,701.59
152 $406,701.59 $1,712.43 $0.00 $2,299.55 $410,713.57
153 $410,713.57 $1,712.43 $0.00 $2,322.23 $414,748.23
154 $414,748.23 $1,712.43 $0.00 $2,345.05 $418,805.71
155 $418,805.71 $1,712.43 $0.00 $2,367.99 $422,886.13
156 $422,886.13 $1,712.43 $0.00 $2,391.06 $426,989.62
157 $426,989.62 $1,712.43 $0.00 $2,414.26 $431,116.31
158 $431,116.31 $1,712.43 $0.00 $2,437.59 $435,266.33
159 $435,266.33 $1,712.43 $0.00 $2,461.06 $439,439.82
160 $439,439.82 $1,712.43 $0.00 $2,484.66 $443,636.91
161 $443,636.91 $1,712.43 $0.00 $2,508.39 $447,857.73
162 $447,857.73 $1,712.43 $0.00 $2,532.25 $452,102.41
163 $452,102.41 $1,712.43 $0.00 $2,556.25 $456,371.09
164 $456,371.09 $1,712.43 $0.00 $2,580.39 $460,663.91
165 $460,663.91 $1,712.43 $0.00 $2,604.66 $464,981.00
166 $464,981.00 $1,712.43 $0.00 $2,629.07 $469,322.50
167 $469,322.50 $1,712.43 $0.00 $2,653.62 $473,688.55
168 $473,688.55 $1,712.43 $0.00 $2,678.30 $478,079.28
169 $478,079.28 $1,712.43 $0.00 $2,703.13 $482,494.84
170 $482,494.84 $1,712.43 $0.00 $2,728.10 $486,935.37
171 $486,935.37 $1,712.43 $0.00 $2,753.20 $491,401.00
172 $491,401.00 $1,712.43 $0.00 $2,778.45 $495,891.88
173 $495,891.88 $1,712.43 $0.00 $2,803.84 $500,408.15
174 $500,408.15 $1,712.43 $0.00 $2,829.38 $504,949.96
175 $504,949.96 $1,712.43 $0.00 $2,855.06 $509,517.45
176 $509,517.45 $1,712.43 $0.00 $2,880.89 $514,110.77
177 $514,110.77 $1,712.43 $0.00 $2,906.86 $518,730.06
178 $518,730.06 $1,712.43 $0.00 $2,932.98 $523,375.47
179 $523,375.47 $1,712.43 $0.00 $2,959.24 $528,047.14
180 $528,047.14 $1,712.43 $0.00 $2,985.66 $532,745.23
181 $532,745.23 $1,712.43 $0.00 $3,012.22 $537,469.88
182 $537,469.88 $1,712.43 $0.00 $3,038.93 $542,221.24
183 $542,221.24 $1,712.43 $0.00 $3,065.80 $546,999.47
184 $546,999.47 $1,712.43 $0.00 $3,092.81 $551,804.71
185 $551,804.71 $1,712.43 $0.00 $3,119.98 $556,637.12
186 $556,637.12 $1,712.43 $0.00 $3,147.31 $561,496.86
187 $561,496.86 $1,712.43 $0.00 $3,174.78 $566,384.07
188 $566,384.07 $1,712.43 $0.00 $3,202.42 $571,298.92
189 $571,298.92 $1,712.43 $0.00 $3,230.21 $576,241.56
190 $576,241.56 $1,712.43 $0.00 $3,258.15 $581,212.14
191 $581,212.14 $1,712.43 $0.00 $3,286.26 $586,210.83
192 $586,210.83 $1,712.43 $0.00 $3,314.52 $591,237.78
193 $591,237.78 $1,712.43 $0.00 $3,342.94 $596,293.15
194 $596,293.15 $1,712.43 $0.00 $3,371.53 $601,377.11
195 $601,377.11 $1,712.43 $0.00 $3,400.27 $606,489.81
196 $606,489.81 $1,712.43 $0.00 $3,429.18 $611,631.42
197 $611,631.42 $1,712.43 $0.00 $3,458.25 $616,802.10
198 $616,802.10 $1,712.43 $0.00 $3,487.49 $622,002.02
199 $622,002.02 $1,712.43 $0.00 $3,516.89 $627,231.34
200 $627,231.34 $1,712.43 $0.00 $3,546.46 $632,490.23
201 $632,490.23 $1,712.43 $0.00 $3,576.19 $637,778.85
202 $637,778.85 $1,712.43 $0.00 $3,606.09 $643,097.37
203 $643,097.37 $1,712.43 $0.00 $3,636.17 $648,445.97
204 $648,445.97 $1,712.43 $0.00 $3,666.41 $653,824.81
205 $653,824.81 $1,712.43 $0.00 $3,696.82 $659,234.06
206 $659,234.06 $1,712.43 $0.00 $3,727.41 $664,673.90
207 $664,673.90 $1,712.43 $0.00 $3,758.16 $670,144.49
208 $670,144.49 $1,712.43 $0.00 $3,789.09 $675,646.01
209 $675,646.01 $1,712.43 $0.00 $3,820.20 $681,178.64
210 $681,178.64 $1,712.43 $0.00 $3,851.48 $686,742.55
211 $686,742.55 $1,712.43 $0.00 $3,882.94 $692,337.92
212 $692,337.92 $1,712.43 $0.00 $3,914.58 $697,964.93
213 $697,964.93 $1,712.43 $0.00 $3,946.40 $703,623.76
214 $703,623.76 $1,712.43 $0.00 $3,978.39 $709,314.58
215 $709,314.58 $1,712.43 $0.00 $4,010.57 $715,037.58
216 $715,037.58 $1,712.43 $0.00 $4,042.93 $720,792.94
217 $720,792.94 $1,712.43 $195,204.61 $4,075.47 $531,376.23
218 $531,376.23 $1,712.43 $0.00 $3,004.48 $536,093.14
219 $536,093.14 $1,712.43 $0.00 $3,031.15 $540,836.72
220 $540,836.72 $1,712.43 $0.00 $3,057.97 $545,607.12
221 $545,607.12 $1,712.43 $0.00 $3,084.94 $550,404.49
222 $550,404.49 $1,712.43 $0.00 $3,112.07 $555,228.99
223 $555,228.99 $1,712.43 $0.00 $3,139.35 $560,080.77
224 $560,080.77 $1,712.43 $0.00 $3,166.78 $564,959.98
225 $564,959.98 $1,712.43 $0.00 $3,194.37 $569,866.78
226 $569,866.78 $1,712.43 $0.00 $3,222.11 $574,801.32
227 $574,801.32 $1,712.43 $0.00 $3,250.01 $579,763.76
228 $579,763.76 $1,712.43 $0.00 $3,278.07 $584,754.26
229 $584,754.26 $1,712.43 $208,868.93 $3,306.29 $380,904.05
230 $380,904.05 $1,712.43 $0.00 $2,153.69 $384,770.17
231 $384,770.17 $1,712.43 $0.00 $2,175.55 $388,658.15
232 $388,658.15 $1,712.43 $0.00 $2,197.53 $392,568.11
233 $392,568.11 $1,712.43 $0.00 $2,219.64 $396,500.18
234 $396,500.18 $1,712.43 $0.00 $2,241.87 $400,454.48
235 $400,454.48 $1,712.43 $0.00 $2,264.23 $404,431.14
236 $404,431.14 $1,712.43 $0.00 $2,286.71 $408,430.28
237 $408,430.28 $1,712.43 $0.00 $2,309.32 $412,452.03
238 $412,452.03 $1,712.43 $0.00 $2,332.06 $416,496.52
239 $416,496.52 $1,712.43 $0.00 $2,354.93 $420,563.88
240 $420,563.88 $1,712.43 $0.00 $2,377.93 $424,654.24
241 $424,654.24 $1,712.43 $223,489.76 $2,401.06 $205,277.97
242 $205,277.97 $1,712.43 $0.00 $1,160.67 $208,151.07
243 $208,151.07 $1,712.43 $0.00 $1,176.92 $211,040.42
244 $211,040.42 $1,712.43 $0.00 $1,193.25 $213,946.10
245 $213,946.10 $1,712.43 $0.00 $1,209.68 $216,868.21
246 $216,868.21 $1,712.43 $0.00 $1,226.20 $219,806.84
247 $219,806.84 $1,712.43 $0.00 $1,242.82 $222,762.09
248 $222,762.09 $1,712.43 $0.00 $1,259.53 $225,734.05
249 $225,734.05 $1,712.43 $0.00 $1,276.33 $228,722.81
250 $228,722.81 $1,712.43 $0.00 $1,293.23 $231,728.47
251 $231,728.47 $1,712.43 $0.00 $1,310.23 $234,751.13
252 $234,751.13 $1,712.43 $0.00 $1,327.32 $237,790.88
253 $237,790.88 $0.00 $239,134.04 $1,344.50 $1.34