Savings Plan and Future Cost Estimation for Southeastern University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$173,733
Monthly savings required$1,373

How much will it cost to send your child to Southeastern University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $694,930.57 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,373.05 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$46,308.00
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 $1,373.05 $0.00 $0.00 $1,373.05
2 $1,373.05 $1,373.05 $0.00 $7.76 $2,753.86
3 $2,753.86 $1,373.05 $0.00 $15.57 $4,142.48
4 $4,142.48 $1,373.05 $0.00 $23.42 $5,538.95
5 $5,538.95 $1,373.05 $0.00 $31.32 $6,943.32
6 $6,943.32 $1,373.05 $0.00 $39.26 $8,355.63
7 $8,355.63 $1,373.05 $0.00 $47.24 $9,775.92
8 $9,775.92 $1,373.05 $0.00 $55.27 $11,204.24
9 $11,204.24 $1,373.05 $0.00 $63.35 $12,640.64
10 $12,640.64 $1,373.05 $0.00 $71.47 $14,085.16
11 $14,085.16 $1,373.05 $0.00 $79.64 $15,537.85
12 $15,537.85 $1,373.05 $0.00 $87.85 $16,998.75
13 $16,998.75 $1,373.05 $0.00 $96.11 $18,467.91
14 $18,467.91 $1,373.05 $0.00 $104.42 $19,945.38
15 $19,945.38 $1,373.05 $0.00 $112.77 $21,431.20
16 $21,431.20 $1,373.05 $0.00 $121.18 $22,925.43
17 $22,925.43 $1,373.05 $0.00 $129.62 $24,428.10
18 $24,428.10 $1,373.05 $0.00 $138.12 $25,939.27
19 $25,939.27 $1,373.05 $0.00 $146.66 $27,458.98
20 $27,458.98 $1,373.05 $0.00 $155.26 $28,987.29
21 $28,987.29 $1,373.05 $0.00 $163.90 $30,524.24
22 $30,524.24 $1,373.05 $0.00 $172.59 $32,069.88
23 $32,069.88 $1,373.05 $0.00 $181.33 $33,624.26
24 $33,624.26 $1,373.05 $0.00 $190.12 $35,187.43
25 $35,187.43 $1,373.05 $0.00 $198.95 $36,759.43
26 $36,759.43 $1,373.05 $0.00 $207.84 $38,340.32
27 $38,340.32 $1,373.05 $0.00 $216.78 $39,930.15
28 $39,930.15 $1,373.05 $0.00 $225.77 $41,528.97
29 $41,528.97 $1,373.05 $0.00 $234.81 $43,136.83
30 $43,136.83 $1,373.05 $0.00 $243.90 $44,753.78
31 $44,753.78 $1,373.05 $0.00 $253.04 $46,379.87
32 $46,379.87 $1,373.05 $0.00 $262.24 $48,015.16
33 $48,015.16 $1,373.05 $0.00 $271.48 $49,659.69
34 $49,659.69 $1,373.05 $0.00 $280.78 $51,313.52
35 $51,313.52 $1,373.05 $0.00 $290.13 $52,976.70
36 $52,976.70 $1,373.05 $0.00 $299.54 $54,649.29
37 $54,649.29 $1,373.05 $0.00 $309.00 $56,331.34
38 $56,331.34 $1,373.05 $0.00 $318.51 $58,022.90
39 $58,022.90 $1,373.05 $0.00 $328.07 $59,724.02
40 $59,724.02 $1,373.05 $0.00 $337.69 $61,434.76
41 $61,434.76 $1,373.05 $0.00 $347.36 $63,155.17
42 $63,155.17 $1,373.05 $0.00 $357.09 $64,885.31
43 $64,885.31 $1,373.05 $0.00 $366.87 $66,625.23
44 $66,625.23 $1,373.05 $0.00 $376.71 $68,374.99
45 $68,374.99 $1,373.05 $0.00 $386.60 $70,134.64
46 $70,134.64 $1,373.05 $0.00 $396.55 $71,904.24
47 $71,904.24 $1,373.05 $0.00 $406.56 $73,683.85
48 $73,683.85 $1,373.05 $0.00 $416.62 $75,473.52
49 $75,473.52 $1,373.05 $0.00 $426.74 $77,273.31
50 $77,273.31 $1,373.05 $0.00 $436.91 $79,083.27
51 $79,083.27 $1,373.05 $0.00 $447.15 $80,903.47
52 $80,903.47 $1,373.05 $0.00 $457.44 $82,733.96
53 $82,733.96 $1,373.05 $0.00 $467.79 $84,574.80
54 $84,574.80 $1,373.05 $0.00 $478.20 $86,426.05
55 $86,426.05 $1,373.05 $0.00 $488.67 $88,287.77
56 $88,287.77 $1,373.05 $0.00 $499.19 $90,160.01
57 $90,160.01 $1,373.05 $0.00 $509.78 $92,042.84
58 $92,042.84 $1,373.05 $0.00 $520.42 $93,936.31
59 $93,936.31 $1,373.05 $0.00 $531.13 $95,840.49
60 $95,840.49 $1,373.05 $0.00 $541.90 $97,755.44
61 $97,755.44 $1,373.05 $0.00 $552.72 $99,681.21
62 $99,681.21 $1,373.05 $0.00 $563.61 $101,617.87
63 $101,617.87 $1,373.05 $0.00 $574.56 $103,565.48
64 $103,565.48 $1,373.05 $0.00 $585.57 $105,524.10
65 $105,524.10 $1,373.05 $0.00 $596.65 $107,493.80
66 $107,493.80 $1,373.05 $0.00 $607.79 $109,474.64
67 $109,474.64 $1,373.05 $0.00 $618.99 $111,466.68
68 $111,466.68 $1,373.05 $0.00 $630.25 $113,469.98
69 $113,469.98 $1,373.05 $0.00 $641.58 $115,484.61
70 $115,484.61 $1,373.05 $0.00 $652.97 $117,510.63
71 $117,510.63 $1,373.05 $0.00 $664.42 $119,548.10
72 $119,548.10 $1,373.05 $0.00 $675.94 $121,597.09
73 $121,597.09 $1,373.05 $0.00 $687.53 $123,657.67
74 $123,657.67 $1,373.05 $0.00 $699.18 $125,729.90
75 $125,729.90 $1,373.05 $0.00 $710.90 $127,813.85
76 $127,813.85 $1,373.05 $0.00 $722.68 $129,909.58
77 $129,909.58 $1,373.05 $0.00 $734.53 $132,017.16
78 $132,017.16 $1,373.05 $0.00 $746.44 $134,136.65
79 $134,136.65 $1,373.05 $0.00 $758.43 $136,268.13
80 $136,268.13 $1,373.05 $0.00 $770.48 $138,411.66
81 $138,411.66 $1,373.05 $0.00 $782.60 $140,567.31
82 $140,567.31 $1,373.05 $0.00 $794.79 $142,735.15
83 $142,735.15 $1,373.05 $0.00 $807.05 $144,915.25
84 $144,915.25 $1,373.05 $0.00 $819.37 $147,107.67
85 $147,107.67 $1,373.05 $0.00 $831.77 $149,312.49
86 $149,312.49 $1,373.05 $0.00 $844.23 $151,529.77
87 $151,529.77 $1,373.05 $0.00 $856.77 $153,759.59
88 $153,759.59 $1,373.05 $0.00 $869.38 $156,002.02
89 $156,002.02 $1,373.05 $0.00 $882.06 $158,257.13
90 $158,257.13 $1,373.05 $0.00 $894.81 $160,524.99
91 $160,524.99 $1,373.05 $0.00 $907.63 $162,805.67
92 $162,805.67 $1,373.05 $0.00 $920.53 $165,099.25
93 $165,099.25 $1,373.05 $0.00 $933.50 $167,405.80
94 $167,405.80 $1,373.05 $0.00 $946.54 $169,725.39
95 $169,725.39 $1,373.05 $0.00 $959.65 $172,058.09
96 $172,058.09 $1,373.05 $0.00 $972.84 $174,403.98
97 $174,403.98 $1,373.05 $0.00 $986.11 $176,763.14
98 $176,763.14 $1,373.05 $0.00 $999.44 $179,135.63
99 $179,135.63 $1,373.05 $0.00 $1,012.86 $181,521.54
100 $181,521.54 $1,373.05 $0.00 $1,026.35 $183,920.94
101 $183,920.94 $1,373.05 $0.00 $1,039.92 $186,333.91
102 $186,333.91 $1,373.05 $0.00 $1,053.56 $188,760.52
103 $188,760.52 $1,373.05 $0.00 $1,067.28 $191,200.85
104 $191,200.85 $1,373.05 $0.00 $1,081.08 $193,654.98
105 $193,654.98 $1,373.05 $0.00 $1,094.95 $196,122.98
106 $196,122.98 $1,373.05 $0.00 $1,108.91 $198,604.94
107 $198,604.94 $1,373.05 $0.00 $1,122.94 $201,100.93
108 $201,100.93 $1,373.05 $0.00 $1,137.05 $203,611.03
109 $203,611.03 $1,373.05 $0.00 $1,151.25 $206,135.33
110 $206,135.33 $1,373.05 $0.00 $1,165.52 $208,673.90
111 $208,673.90 $1,373.05 $0.00 $1,179.87 $211,226.82
112 $211,226.82 $1,373.05 $0.00 $1,194.31 $213,794.18
113 $213,794.18 $1,373.05 $0.00 $1,208.82 $216,376.05
114 $216,376.05 $1,373.05 $0.00 $1,223.42 $218,972.52
115 $218,972.52 $1,373.05 $0.00 $1,238.10 $221,583.67
116 $221,583.67 $1,373.05 $0.00 $1,252.87 $224,209.59
117 $224,209.59 $1,373.05 $0.00 $1,267.71 $226,850.35
118 $226,850.35 $1,373.05 $0.00 $1,282.64 $229,506.04
119 $229,506.04 $1,373.05 $0.00 $1,297.66 $232,176.75
120 $232,176.75 $1,373.05 $0.00 $1,312.76 $234,862.56
121 $234,862.56 $1,373.05 $0.00 $1,327.95 $237,563.56
122 $237,563.56 $1,373.05 $0.00 $1,343.22 $240,279.83
123 $240,279.83 $1,373.05 $0.00 $1,358.58 $243,011.46
124 $243,011.46 $1,373.05 $0.00 $1,374.02 $245,758.53
125 $245,758.53 $1,373.05 $0.00 $1,389.55 $248,521.13
126 $248,521.13 $1,373.05 $0.00 $1,405.17 $251,299.35
127 $251,299.35 $1,373.05 $0.00 $1,420.88 $254,093.28
128 $254,093.28 $1,373.05 $0.00 $1,436.68 $256,903.01
129 $256,903.01 $1,373.05 $0.00 $1,452.57 $259,728.63
130 $259,728.63 $1,373.05 $0.00 $1,468.54 $262,570.22
131 $262,570.22 $1,373.05 $0.00 $1,484.61 $265,427.88
132 $265,427.88 $1,373.05 $0.00 $1,500.77 $268,301.70
133 $268,301.70 $1,373.05 $0.00 $1,517.02 $271,191.77
134 $271,191.77 $1,373.05 $0.00 $1,533.36 $274,098.18
135 $274,098.18 $1,373.05 $0.00 $1,549.79 $277,021.02
136 $277,021.02 $1,373.05 $0.00 $1,566.32 $279,960.39
137 $279,960.39 $1,373.05 $0.00 $1,582.94 $282,916.38
138 $282,916.38 $1,373.05 $0.00 $1,599.65 $285,889.08
139 $285,889.08 $1,373.05 $0.00 $1,616.46 $288,878.59
140 $288,878.59 $1,373.05 $0.00 $1,633.36 $291,885.00
141 $291,885.00 $1,373.05 $0.00 $1,650.36 $294,908.41
142 $294,908.41 $1,373.05 $0.00 $1,667.46 $297,948.92
143 $297,948.92 $1,373.05 $0.00 $1,684.65 $301,006.62
144 $301,006.62 $1,373.05 $0.00 $1,701.94 $304,081.61
145 $304,081.61 $1,373.05 $0.00 $1,719.32 $307,173.98
146 $307,173.98 $1,373.05 $0.00 $1,736.81 $310,283.84
147 $310,283.84 $1,373.05 $0.00 $1,754.39 $313,411.28
148 $313,411.28 $1,373.05 $0.00 $1,772.07 $316,556.40
149 $316,556.40 $1,373.05 $0.00 $1,789.86 $319,719.31
150 $319,719.31 $1,373.05 $0.00 $1,807.74 $322,900.10
151 $322,900.10 $1,373.05 $0.00 $1,825.72 $326,098.87
152 $326,098.87 $1,373.05 $0.00 $1,843.81 $329,315.73
153 $329,315.73 $1,373.05 $0.00 $1,862.00 $332,550.78
154 $332,550.78 $1,373.05 $0.00 $1,880.29 $335,804.12
155 $335,804.12 $1,373.05 $0.00 $1,898.69 $339,075.86
156 $339,075.86 $1,373.05 $0.00 $1,917.18 $342,366.09
157 $342,366.09 $1,373.05 $0.00 $1,935.79 $345,674.93
158 $345,674.93 $1,373.05 $0.00 $1,954.50 $349,002.48
159 $349,002.48 $1,373.05 $0.00 $1,973.31 $352,348.84
160 $352,348.84 $1,373.05 $0.00 $1,992.23 $355,714.12
161 $355,714.12 $1,373.05 $0.00 $2,011.26 $359,098.43
162 $359,098.43 $1,373.05 $0.00 $2,030.39 $362,501.87
163 $362,501.87 $1,373.05 $0.00 $2,049.64 $365,924.56
164 $365,924.56 $1,373.05 $0.00 $2,068.99 $369,366.60
165 $369,366.60 $1,373.05 $0.00 $2,088.45 $372,828.10
166 $372,828.10 $1,373.05 $0.00 $2,108.02 $376,309.17
167 $376,309.17 $1,373.05 $0.00 $2,127.71 $379,809.93
168 $379,809.93 $1,373.05 $0.00 $2,147.50 $383,330.48
169 $383,330.48 $1,373.05 $0.00 $2,167.41 $386,870.94
170 $386,870.94 $1,373.05 $0.00 $2,187.42 $390,431.41
171 $390,431.41 $1,373.05 $0.00 $2,207.56 $394,012.02
172 $394,012.02 $1,373.05 $0.00 $2,227.80 $397,612.87
173 $397,612.87 $1,373.05 $0.00 $2,248.16 $401,234.08
174 $401,234.08 $1,373.05 $0.00 $2,268.64 $404,875.77
175 $404,875.77 $1,373.05 $0.00 $2,289.23 $408,538.05
176 $408,538.05 $1,373.05 $0.00 $2,309.93 $412,221.03
177 $412,221.03 $1,373.05 $0.00 $2,330.76 $415,924.84
178 $415,924.84 $1,373.05 $0.00 $2,351.70 $419,649.59
179 $419,649.59 $1,373.05 $0.00 $2,372.76 $423,395.40
180 $423,395.40 $1,373.05 $0.00 $2,393.94 $427,162.39
181 $427,162.39 $1,373.05 $0.00 $2,415.24 $430,950.68
182 $430,950.68 $1,373.05 $0.00 $2,436.66 $434,760.39
183 $434,760.39 $1,373.05 $0.00 $2,458.20 $438,591.64
184 $438,591.64 $1,373.05 $0.00 $2,479.86 $442,444.55
185 $442,444.55 $1,373.05 $0.00 $2,501.65 $446,319.25
186 $446,319.25 $1,373.05 $0.00 $2,523.55 $450,215.85
187 $450,215.85 $1,373.05 $0.00 $2,545.59 $454,134.49
188 $454,134.49 $1,373.05 $0.00 $2,567.74 $458,075.28
189 $458,075.28 $1,373.05 $0.00 $2,590.02 $462,038.35
190 $462,038.35 $1,373.05 $0.00 $2,612.43 $466,023.83
191 $466,023.83 $1,373.05 $0.00 $2,634.97 $470,031.85
192 $470,031.85 $1,373.05 $0.00 $2,657.63 $474,062.53
193 $474,062.53 $1,373.05 $0.00 $2,680.42 $478,116.00
194 $478,116.00 $1,373.05 $0.00 $2,703.34 $482,192.39
195 $482,192.39 $1,373.05 $0.00 $2,726.39 $486,291.83
196 $486,291.83 $1,373.05 $0.00 $2,749.56 $490,414.44
197 $490,414.44 $1,373.05 $0.00 $2,772.87 $494,560.36
198 $494,560.36 $1,373.05 $0.00 $2,796.32 $498,729.73
199 $498,729.73 $1,373.05 $0.00 $2,819.89 $502,922.67
200 $502,922.67 $1,373.05 $0.00 $2,843.60 $507,139.32
201 $507,139.32 $1,373.05 $0.00 $2,867.44 $511,379.81
202 $511,379.81 $1,373.05 $0.00 $2,891.42 $515,644.28
203 $515,644.28 $1,373.05 $0.00 $2,915.53 $519,932.86
204 $519,932.86 $1,373.05 $0.00 $2,939.78 $524,245.69
205 $524,245.69 $1,373.05 $0.00 $2,964.16 $528,582.90
206 $528,582.90 $1,373.05 $0.00 $2,988.68 $532,944.63
207 $532,944.63 $1,373.05 $0.00 $3,013.35 $537,331.03
208 $537,331.03 $1,373.05 $0.00 $3,038.15 $541,742.23
209 $541,742.23 $1,373.05 $0.00 $3,063.09 $546,178.37
210 $546,178.37 $1,373.05 $0.00 $3,088.17 $550,639.59
211 $550,639.59 $1,373.05 $0.00 $3,113.40 $555,126.04
212 $555,126.04 $1,373.05 $0.00 $3,138.76 $559,637.85
213 $559,637.85 $1,373.05 $0.00 $3,164.27 $564,175.17
214 $564,175.17 $1,373.05 $0.00 $3,189.93 $568,738.15
215 $568,738.15 $1,373.05 $0.00 $3,215.73 $573,326.93
216 $573,326.93 $1,373.05 $0.00 $3,241.67 $577,941.65
217 $577,941.65 $1,373.05 $156,517.90 $3,267.77 $426,064.57
218 $426,064.57 $1,373.05 $0.00 $2,409.03 $429,846.65
219 $429,846.65 $1,373.05 $0.00 $2,430.42 $433,650.12
220 $433,650.12 $1,373.05 $0.00 $2,451.92 $437,475.09
221 $437,475.09 $1,373.05 $0.00 $2,473.55 $441,321.69
222 $441,321.69 $1,373.05 $0.00 $2,495.30 $445,190.04
223 $445,190.04 $1,373.05 $0.00 $2,517.17 $449,080.26
224 $449,080.26 $1,373.05 $0.00 $2,539.17 $452,992.48
225 $452,992.48 $1,373.05 $0.00 $2,561.29 $456,926.82
226 $456,926.82 $1,373.05 $0.00 $2,583.53 $460,883.40
227 $460,883.40 $1,373.05 $0.00 $2,605.90 $464,862.35
228 $464,862.35 $1,373.05 $0.00 $2,628.40 $468,863.80
229 $468,863.80 $1,373.05 $167,474.16 $2,651.02 $305,413.71
230 $305,413.71 $1,373.05 $0.00 $1,726.85 $308,513.61
231 $308,513.61 $1,373.05 $0.00 $1,744.38 $311,631.04
232 $311,631.04 $1,373.05 $0.00 $1,762.01 $314,766.10
233 $314,766.10 $1,373.05 $0.00 $1,779.73 $317,918.88
234 $317,918.88 $1,373.05 $0.00 $1,797.56 $321,089.49
235 $321,089.49 $1,373.05 $0.00 $1,815.49 $324,278.03
236 $324,278.03 $1,373.05 $0.00 $1,833.52 $327,484.60
237 $327,484.60 $1,373.05 $0.00 $1,851.65 $330,709.30
238 $330,709.30 $1,373.05 $0.00 $1,869.88 $333,952.23
239 $333,952.23 $1,373.05 $0.00 $1,888.21 $337,213.49
240 $337,213.49 $1,373.05 $0.00 $1,906.65 $340,493.19
241 $340,493.19 $1,373.05 $179,197.35 $1,925.20 $164,594.09
242 $164,594.09 $1,373.05 $0.00 $930.64 $166,897.78
243 $166,897.78 $1,373.05 $0.00 $943.66 $169,214.49
244 $169,214.49 $1,373.05 $0.00 $956.76 $171,544.30
245 $171,544.30 $1,373.05 $0.00 $969.94 $173,887.29
246 $173,887.29 $1,373.05 $0.00 $983.18 $176,243.52
247 $176,243.52 $1,373.05 $0.00 $996.51 $178,613.08
248 $178,613.08 $1,373.05 $0.00 $1,009.90 $180,996.03
249 $180,996.03 $1,373.05 $0.00 $1,023.38 $183,392.46
250 $183,392.46 $1,373.05 $0.00 $1,036.93 $185,802.44
251 $185,802.44 $1,373.05 $0.00 $1,050.55 $188,226.04
252 $188,226.04 $1,373.05 $0.00 $1,064.26 $190,663.35
253 $190,663.35 $0.00 $191,741.16 $1,078.04 $0.23