Savings Plan and Future Cost Estimation for Loyola University Chicago

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$246,815
Monthly savings required$1,951

How much will it cost to send your child to Loyola University Chicago in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $987,261.22 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,950.64 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$65,788.00
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 $1,950.64 $0.00 $0.00 $1,950.64
2 $1,950.64 $1,950.64 $0.00 $11.03 $3,912.31
3 $3,912.31 $1,950.64 $0.00 $22.12 $5,885.07
4 $5,885.07 $1,950.64 $0.00 $33.28 $7,868.99
5 $7,868.99 $1,950.64 $0.00 $44.49 $9,864.12
6 $9,864.12 $1,950.64 $0.00 $55.77 $11,870.53
7 $11,870.53 $1,950.64 $0.00 $67.12 $13,888.29
8 $13,888.29 $1,950.64 $0.00 $78.53 $15,917.46
9 $15,917.46 $1,950.64 $0.00 $90.00 $17,958.10
10 $17,958.10 $1,950.64 $0.00 $101.54 $20,010.28
11 $20,010.28 $1,950.64 $0.00 $113.14 $22,074.06
12 $22,074.06 $1,950.64 $0.00 $124.81 $24,149.51
13 $24,149.51 $1,950.64 $0.00 $136.54 $26,236.69
14 $26,236.69 $1,950.64 $0.00 $148.35 $28,335.68
15 $28,335.68 $1,950.64 $0.00 $160.21 $30,446.53
16 $30,446.53 $1,950.64 $0.00 $172.15 $32,569.32
17 $32,569.32 $1,950.64 $0.00 $184.15 $34,704.11
18 $34,704.11 $1,950.64 $0.00 $196.22 $36,850.97
19 $36,850.97 $1,950.64 $0.00 $208.36 $39,009.97
20 $39,009.97 $1,950.64 $0.00 $220.57 $41,181.18
21 $41,181.18 $1,950.64 $0.00 $232.84 $43,364.66
22 $43,364.66 $1,950.64 $0.00 $245.19 $45,560.49
23 $45,560.49 $1,950.64 $0.00 $257.61 $47,768.74
24 $47,768.74 $1,950.64 $0.00 $270.09 $49,989.47
25 $49,989.47 $1,950.64 $0.00 $282.65 $52,222.76
26 $52,222.76 $1,950.64 $0.00 $295.28 $54,468.68
27 $54,468.68 $1,950.64 $0.00 $307.97 $56,727.29
28 $56,727.29 $1,950.64 $0.00 $320.74 $58,998.67
29 $58,998.67 $1,950.64 $0.00 $333.59 $61,282.90
30 $61,282.90 $1,950.64 $0.00 $346.50 $63,580.04
31 $63,580.04 $1,950.64 $0.00 $359.49 $65,890.17
32 $65,890.17 $1,950.64 $0.00 $372.55 $68,213.36
33 $68,213.36 $1,950.64 $0.00 $385.69 $70,549.69
34 $70,549.69 $1,950.64 $0.00 $398.90 $72,899.23
35 $72,899.23 $1,950.64 $0.00 $412.18 $75,262.05
36 $75,262.05 $1,950.64 $0.00 $425.54 $77,638.23
37 $77,638.23 $1,950.64 $0.00 $438.98 $80,027.85
38 $80,027.85 $1,950.64 $0.00 $452.49 $82,430.98
39 $82,430.98 $1,950.64 $0.00 $466.08 $84,847.70
40 $84,847.70 $1,950.64 $0.00 $479.74 $87,278.08
41 $87,278.08 $1,950.64 $0.00 $493.48 $89,722.20
42 $89,722.20 $1,950.64 $0.00 $507.30 $92,180.14
43 $92,180.14 $1,950.64 $0.00 $521.20 $94,651.98
44 $94,651.98 $1,950.64 $0.00 $535.18 $97,137.80
45 $97,137.80 $1,950.64 $0.00 $549.23 $99,637.67
46 $99,637.67 $1,950.64 $0.00 $563.37 $102,151.68
47 $102,151.68 $1,950.64 $0.00 $577.58 $104,679.90
48 $104,679.90 $1,950.64 $0.00 $591.88 $107,222.42
49 $107,222.42 $1,950.64 $0.00 $606.25 $109,779.31
50 $109,779.31 $1,950.64 $0.00 $620.71 $112,350.66
51 $112,350.66 $1,950.64 $0.00 $635.25 $114,936.55
52 $114,936.55 $1,950.64 $0.00 $649.87 $117,537.06
53 $117,537.06 $1,950.64 $0.00 $664.57 $120,152.27
54 $120,152.27 $1,950.64 $0.00 $679.36 $122,782.27
55 $122,782.27 $1,950.64 $0.00 $694.23 $125,427.14
56 $125,427.14 $1,950.64 $0.00 $709.18 $128,086.96
57 $128,086.96 $1,950.64 $0.00 $724.22 $130,761.82
58 $130,761.82 $1,950.64 $0.00 $739.35 $133,451.81
59 $133,451.81 $1,950.64 $0.00 $754.56 $136,157.01
60 $136,157.01 $1,950.64 $0.00 $769.85 $138,877.50
61 $138,877.50 $1,950.64 $0.00 $785.23 $141,613.37
62 $141,613.37 $1,950.64 $0.00 $800.70 $144,364.71
63 $144,364.71 $1,950.64 $0.00 $816.26 $147,131.61
64 $147,131.61 $1,950.64 $0.00 $831.90 $149,914.15
65 $149,914.15 $1,950.64 $0.00 $847.64 $152,712.43
66 $152,712.43 $1,950.64 $0.00 $863.46 $155,526.53
67 $155,526.53 $1,950.64 $0.00 $879.37 $158,356.54
68 $158,356.54 $1,950.64 $0.00 $895.37 $161,202.55
69 $161,202.55 $1,950.64 $0.00 $911.46 $164,064.65
70 $164,064.65 $1,950.64 $0.00 $927.65 $166,942.94
71 $166,942.94 $1,950.64 $0.00 $943.92 $169,837.50
72 $169,837.50 $1,950.64 $0.00 $960.29 $172,748.43
73 $172,748.43 $1,950.64 $0.00 $976.74 $175,675.81
74 $175,675.81 $1,950.64 $0.00 $993.30 $178,619.75
75 $178,619.75 $1,950.64 $0.00 $1,009.94 $181,580.33
76 $181,580.33 $1,950.64 $0.00 $1,026.68 $184,557.65
77 $184,557.65 $1,950.64 $0.00 $1,043.52 $187,551.81
78 $187,551.81 $1,950.64 $0.00 $1,060.45 $190,562.90
79 $190,562.90 $1,950.64 $0.00 $1,077.47 $193,591.01
80 $193,591.01 $1,950.64 $0.00 $1,094.59 $196,636.24
81 $196,636.24 $1,950.64 $0.00 $1,111.81 $199,698.69
82 $199,698.69 $1,950.64 $0.00 $1,129.13 $202,778.46
83 $202,778.46 $1,950.64 $0.00 $1,146.54 $205,875.64
84 $205,875.64 $1,950.64 $0.00 $1,164.05 $208,990.33
85 $208,990.33 $1,950.64 $0.00 $1,181.66 $212,122.63
86 $212,122.63 $1,950.64 $0.00 $1,199.37 $215,272.64
87 $215,272.64 $1,950.64 $0.00 $1,217.18 $218,440.46
88 $218,440.46 $1,950.64 $0.00 $1,235.09 $221,626.19
89 $221,626.19 $1,950.64 $0.00 $1,253.11 $224,829.94
90 $224,829.94 $1,950.64 $0.00 $1,271.22 $228,051.80
91 $228,051.80 $1,950.64 $0.00 $1,289.44 $231,291.88
92 $231,291.88 $1,950.64 $0.00 $1,307.76 $234,550.28
93 $234,550.28 $1,950.64 $0.00 $1,326.18 $237,827.10
94 $237,827.10 $1,950.64 $0.00 $1,344.71 $241,122.45
95 $241,122.45 $1,950.64 $0.00 $1,363.34 $244,436.43
96 $244,436.43 $1,950.64 $0.00 $1,382.08 $247,769.15
97 $247,769.15 $1,950.64 $0.00 $1,400.92 $251,120.71
98 $251,120.71 $1,950.64 $0.00 $1,419.87 $254,491.22
99 $254,491.22 $1,950.64 $0.00 $1,438.93 $257,880.79
100 $257,880.79 $1,950.64 $0.00 $1,458.10 $261,289.53
101 $261,289.53 $1,950.64 $0.00 $1,477.37 $264,717.54
102 $264,717.54 $1,950.64 $0.00 $1,496.75 $268,164.93
103 $268,164.93 $1,950.64 $0.00 $1,516.24 $271,631.81
104 $271,631.81 $1,950.64 $0.00 $1,535.85 $275,118.30
105 $275,118.30 $1,950.64 $0.00 $1,555.56 $278,624.50
106 $278,624.50 $1,950.64 $0.00 $1,575.38 $282,150.52
107 $282,150.52 $1,950.64 $0.00 $1,595.32 $285,696.48
108 $285,696.48 $1,950.64 $0.00 $1,615.37 $289,262.49
109 $289,262.49 $1,950.64 $0.00 $1,635.53 $292,848.66
110 $292,848.66 $1,950.64 $0.00 $1,655.81 $296,455.11
111 $296,455.11 $1,950.64 $0.00 $1,676.20 $300,081.95
112 $300,081.95 $1,950.64 $0.00 $1,696.71 $303,729.30
113 $303,729.30 $1,950.64 $0.00 $1,717.33 $307,397.27
114 $307,397.27 $1,950.64 $0.00 $1,738.07 $311,085.98
115 $311,085.98 $1,950.64 $0.00 $1,758.93 $314,795.55
116 $314,795.55 $1,950.64 $0.00 $1,779.90 $318,526.09
117 $318,526.09 $1,950.64 $0.00 $1,800.99 $322,277.72
118 $322,277.72 $1,950.64 $0.00 $1,822.21 $326,050.57
119 $326,050.57 $1,950.64 $0.00 $1,843.54 $329,844.75
120 $329,844.75 $1,950.64 $0.00 $1,864.99 $333,660.38
121 $333,660.38 $1,950.64 $0.00 $1,886.56 $337,497.58
122 $337,497.58 $1,950.64 $0.00 $1,908.26 $341,356.48
123 $341,356.48 $1,950.64 $0.00 $1,930.08 $345,237.20
124 $345,237.20 $1,950.64 $0.00 $1,952.02 $349,139.86
125 $349,139.86 $1,950.64 $0.00 $1,974.09 $353,064.59
126 $353,064.59 $1,950.64 $0.00 $1,996.28 $357,011.51
127 $357,011.51 $1,950.64 $0.00 $2,018.59 $360,980.74
128 $360,980.74 $1,950.64 $0.00 $2,041.04 $364,972.42
129 $364,972.42 $1,950.64 $0.00 $2,063.61 $368,986.67
130 $368,986.67 $1,950.64 $0.00 $2,086.30 $373,023.61
131 $373,023.61 $1,950.64 $0.00 $2,109.13 $377,083.38
132 $377,083.38 $1,950.64 $0.00 $2,132.08 $381,166.10
133 $381,166.10 $1,950.64 $0.00 $2,155.17 $385,271.91
134 $385,271.91 $1,950.64 $0.00 $2,178.38 $389,400.93
135 $389,400.93 $1,950.64 $0.00 $2,201.73 $393,553.30
136 $393,553.30 $1,950.64 $0.00 $2,225.21 $397,729.15
137 $397,729.15 $1,950.64 $0.00 $2,248.82 $401,928.61
138 $401,928.61 $1,950.64 $0.00 $2,272.56 $406,151.81
139 $406,151.81 $1,950.64 $0.00 $2,296.44 $410,398.89
140 $410,398.89 $1,950.64 $0.00 $2,320.45 $414,669.98
141 $414,669.98 $1,950.64 $0.00 $2,344.60 $418,965.22
142 $418,965.22 $1,950.64 $0.00 $2,368.89 $423,284.75
143 $423,284.75 $1,950.64 $0.00 $2,393.31 $427,628.70
144 $427,628.70 $1,950.64 $0.00 $2,417.87 $431,997.21
145 $431,997.21 $1,950.64 $0.00 $2,442.58 $436,390.43
146 $436,390.43 $1,950.64 $0.00 $2,467.41 $440,808.48
147 $440,808.48 $1,950.64 $0.00 $2,492.40 $445,251.52
148 $445,251.52 $1,950.64 $0.00 $2,517.52 $449,719.68
149 $449,719.68 $1,950.64 $0.00 $2,542.78 $454,213.10
150 $454,213.10 $1,950.64 $0.00 $2,568.19 $458,731.93
151 $458,731.93 $1,950.64 $0.00 $2,593.74 $463,276.31
152 $463,276.31 $1,950.64 $0.00 $2,619.43 $467,846.38
153 $467,846.38 $1,950.64 $0.00 $2,645.27 $472,442.29
154 $472,442.29 $1,950.64 $0.00 $2,671.26 $477,064.19
155 $477,064.19 $1,950.64 $0.00 $2,697.39 $481,712.22
156 $481,712.22 $1,950.64 $0.00 $2,723.67 $486,386.53
157 $486,386.53 $1,950.64 $0.00 $2,750.10 $491,087.27
158 $491,087.27 $1,950.64 $0.00 $2,776.68 $495,814.59
159 $495,814.59 $1,950.64 $0.00 $2,803.41 $500,568.64
160 $500,568.64 $1,950.64 $0.00 $2,830.29 $505,349.57
161 $505,349.57 $1,950.64 $0.00 $2,857.32 $510,157.53
162 $510,157.53 $1,950.64 $0.00 $2,884.50 $514,992.67
163 $514,992.67 $1,950.64 $0.00 $2,911.84 $519,855.15
164 $519,855.15 $1,950.64 $0.00 $2,939.34 $524,745.13
165 $524,745.13 $1,950.64 $0.00 $2,966.99 $529,662.76
166 $529,662.76 $1,950.64 $0.00 $2,994.79 $534,608.19
167 $534,608.19 $1,950.64 $0.00 $3,022.75 $539,581.58
168 $539,581.58 $1,950.64 $0.00 $3,050.87 $544,583.09
169 $544,583.09 $1,950.64 $0.00 $3,079.15 $549,612.88
170 $549,612.88 $1,950.64 $0.00 $3,107.59 $554,671.11
171 $554,671.11 $1,950.64 $0.00 $3,136.19 $559,757.94
172 $559,757.94 $1,950.64 $0.00 $3,164.95 $564,873.53
173 $564,873.53 $1,950.64 $0.00 $3,193.88 $570,018.05
174 $570,018.05 $1,950.64 $0.00 $3,222.96 $575,191.65
175 $575,191.65 $1,950.64 $0.00 $3,252.22 $580,394.51
176 $580,394.51 $1,950.64 $0.00 $3,281.63 $585,626.78
177 $585,626.78 $1,950.64 $0.00 $3,311.22 $590,888.64
178 $590,888.64 $1,950.64 $0.00 $3,340.97 $596,180.25
179 $596,180.25 $1,950.64 $0.00 $3,370.89 $601,501.78
180 $601,501.78 $1,950.64 $0.00 $3,400.98 $606,853.40
181 $606,853.40 $1,950.64 $0.00 $3,431.24 $612,235.28
182 $612,235.28 $1,950.64 $0.00 $3,461.67 $617,647.59
183 $617,647.59 $1,950.64 $0.00 $3,492.27 $623,090.50
184 $623,090.50 $1,950.64 $0.00 $3,523.04 $628,564.18
185 $628,564.18 $1,950.64 $0.00 $3,553.99 $634,068.81
186 $634,068.81 $1,950.64 $0.00 $3,585.12 $639,604.57
187 $639,604.57 $1,950.64 $0.00 $3,616.42 $645,171.63
188 $645,171.63 $1,950.64 $0.00 $3,647.89 $650,770.16
189 $650,770.16 $1,950.64 $0.00 $3,679.55 $656,400.35
190 $656,400.35 $1,950.64 $0.00 $3,711.38 $662,062.37
191 $662,062.37 $1,950.64 $0.00 $3,743.40 $667,756.41
192 $667,756.41 $1,950.64 $0.00 $3,775.59 $673,482.64
193 $673,482.64 $1,950.64 $0.00 $3,807.97 $679,241.25
194 $679,241.25 $1,950.64 $0.00 $3,840.53 $685,032.42
195 $685,032.42 $1,950.64 $0.00 $3,873.27 $690,856.33
196 $690,856.33 $1,950.64 $0.00 $3,906.20 $696,713.17
197 $696,713.17 $1,950.64 $0.00 $3,939.32 $702,603.13
198 $702,603.13 $1,950.64 $0.00 $3,972.62 $708,526.39
199 $708,526.39 $1,950.64 $0.00 $4,006.11 $714,483.14
200 $714,483.14 $1,950.64 $0.00 $4,039.79 $720,473.57
201 $720,473.57 $1,950.64 $0.00 $4,073.66 $726,497.87
202 $726,497.87 $1,950.64 $0.00 $4,107.72 $732,556.23
203 $732,556.23 $1,950.64 $0.00 $4,141.98 $738,648.85
204 $738,648.85 $1,950.64 $0.00 $4,176.43 $744,775.92
205 $744,775.92 $1,950.64 $0.00 $4,211.07 $750,937.63
206 $750,937.63 $1,950.64 $0.00 $4,245.91 $757,134.18
207 $757,134.18 $1,950.64 $0.00 $4,280.95 $763,365.77
208 $763,365.77 $1,950.64 $0.00 $4,316.18 $769,632.59
209 $769,632.59 $1,950.64 $0.00 $4,351.61 $775,934.84
210 $775,934.84 $1,950.64 $0.00 $4,387.25 $782,272.73
211 $782,272.73 $1,950.64 $0.00 $4,423.08 $788,646.45
212 $788,646.45 $1,950.64 $0.00 $4,459.12 $795,056.21
213 $795,056.21 $1,950.64 $0.00 $4,495.36 $801,502.21
214 $801,502.21 $1,950.64 $0.00 $4,531.81 $807,984.66
215 $807,984.66 $1,950.64 $0.00 $4,568.46 $814,503.76
216 $814,503.76 $1,950.64 $0.00 $4,605.32 $821,059.72
217 $821,059.72 $1,950.64 $222,358.98 $4,642.39 $605,293.77
218 $605,293.77 $1,950.64 $0.00 $3,422.42 $610,666.83
219 $610,666.83 $1,950.64 $0.00 $3,452.80 $616,070.27
220 $616,070.27 $1,950.64 $0.00 $3,483.35 $621,504.26
221 $621,504.26 $1,950.64 $0.00 $3,514.08 $626,968.98
222 $626,968.98 $1,950.64 $0.00 $3,544.97 $632,464.59
223 $632,464.59 $1,950.64 $0.00 $3,576.05 $637,991.28
224 $637,991.28 $1,950.64 $0.00 $3,607.30 $643,549.22
225 $643,549.22 $1,950.64 $0.00 $3,638.72 $649,138.58
226 $649,138.58 $1,950.64 $0.00 $3,670.32 $654,759.54
227 $654,759.54 $1,950.64 $0.00 $3,702.11 $660,412.29
228 $660,412.29 $1,950.64 $0.00 $3,734.07 $666,097.00
229 $666,097.00 $1,950.64 $237,924.11 $3,766.21 $433,889.74
230 $433,889.74 $1,950.64 $0.00 $2,453.28 $438,293.66
231 $438,293.66 $1,950.64 $0.00 $2,478.18 $442,722.48
232 $442,722.48 $1,950.64 $0.00 $2,503.22 $447,176.34
233 $447,176.34 $1,950.64 $0.00 $2,528.40 $451,655.38
234 $451,655.38 $1,950.64 $0.00 $2,553.73 $456,159.75
235 $456,159.75 $1,950.64 $0.00 $2,579.19 $460,689.58
236 $460,689.58 $1,950.64 $0.00 $2,604.81 $465,245.03
237 $465,245.03 $1,950.64 $0.00 $2,630.56 $469,826.23
238 $469,826.23 $1,950.64 $0.00 $2,656.47 $474,433.34
239 $474,433.34 $1,950.64 $0.00 $2,682.52 $479,066.50
240 $479,066.50 $1,950.64 $0.00 $2,708.71 $483,725.85
241 $483,725.85 $1,950.64 $254,578.80 $2,735.06 $233,832.75
242 $233,832.75 $1,950.64 $0.00 $1,322.12 $237,105.51
243 $237,105.51 $1,950.64 $0.00 $1,340.63 $240,396.78
244 $240,396.78 $1,950.64 $0.00 $1,359.24 $243,706.66
245 $243,706.66 $1,950.64 $0.00 $1,377.95 $247,035.25
246 $247,035.25 $1,950.64 $0.00 $1,396.77 $250,382.66
247 $250,382.66 $1,950.64 $0.00 $1,415.70 $253,749.00
248 $253,749.00 $1,950.64 $0.00 $1,434.73 $257,134.37
249 $257,134.37 $1,950.64 $0.00 $1,453.88 $260,538.89
250 $260,538.89 $1,950.64 $0.00 $1,473.12 $263,962.65
251 $263,962.65 $1,950.64 $0.00 $1,492.48 $267,405.77
252 $267,405.77 $1,950.64 $0.00 $1,511.95 $270,868.36
253 $270,868.36 $0.00 $272,399.32 $1,531.53 $0.57