Savings Plan and Future Cost Estimation for Concordia University Ann Arbor

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$180,223
Monthly savings required$1,424

How much will it cost to send your child to Concordia University Ann Arbor in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $720,892.17 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,424.34 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$48,038.00
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 $1,424.34 $0.00 $0.00 $1,424.34
2 $1,424.34 $1,424.34 $0.00 $8.05 $2,856.73
3 $2,856.73 $1,424.34 $0.00 $16.15 $4,297.22
4 $4,297.22 $1,424.34 $0.00 $24.30 $5,745.86
5 $5,745.86 $1,424.34 $0.00 $32.49 $7,202.69
6 $7,202.69 $1,424.34 $0.00 $40.73 $8,667.76
7 $8,667.76 $1,424.34 $0.00 $49.01 $10,141.11
8 $10,141.11 $1,424.34 $0.00 $57.34 $11,622.79
9 $11,622.79 $1,424.34 $0.00 $65.72 $13,112.85
10 $13,112.85 $1,424.34 $0.00 $74.14 $14,611.33
11 $14,611.33 $1,424.34 $0.00 $82.61 $16,118.28
12 $16,118.28 $1,424.34 $0.00 $91.14 $17,633.76
13 $17,633.76 $1,424.34 $0.00 $99.70 $19,157.80
14 $19,157.80 $1,424.34 $0.00 $108.32 $20,690.46
15 $20,690.46 $1,424.34 $0.00 $116.99 $22,231.79
16 $22,231.79 $1,424.34 $0.00 $125.70 $23,781.83
17 $23,781.83 $1,424.34 $0.00 $134.47 $25,340.64
18 $25,340.64 $1,424.34 $0.00 $143.28 $26,908.26
19 $26,908.26 $1,424.34 $0.00 $152.14 $28,484.74
20 $28,484.74 $1,424.34 $0.00 $161.06 $30,070.14
21 $30,070.14 $1,424.34 $0.00 $170.02 $31,664.50
22 $31,664.50 $1,424.34 $0.00 $179.04 $33,267.88
23 $33,267.88 $1,424.34 $0.00 $188.10 $34,880.32
24 $34,880.32 $1,424.34 $0.00 $197.22 $36,501.88
25 $36,501.88 $1,424.34 $0.00 $206.39 $38,132.61
26 $38,132.61 $1,424.34 $0.00 $215.61 $39,772.56
27 $39,772.56 $1,424.34 $0.00 $224.88 $41,421.78
28 $41,421.78 $1,424.34 $0.00 $234.20 $43,080.32
29 $43,080.32 $1,424.34 $0.00 $243.58 $44,748.24
30 $44,748.24 $1,424.34 $0.00 $253.01 $46,425.59
31 $46,425.59 $1,424.34 $0.00 $262.50 $48,112.43
32 $48,112.43 $1,424.34 $0.00 $272.03 $49,808.80
33 $49,808.80 $1,424.34 $0.00 $281.63 $51,514.77
34 $51,514.77 $1,424.34 $0.00 $291.27 $53,230.38
35 $53,230.38 $1,424.34 $0.00 $300.97 $54,955.69
36 $54,955.69 $1,424.34 $0.00 $310.73 $56,690.76
37 $56,690.76 $1,424.34 $0.00 $320.54 $58,435.64
38 $58,435.64 $1,424.34 $0.00 $330.40 $60,190.38
39 $60,190.38 $1,424.34 $0.00 $340.33 $61,955.05
40 $61,955.05 $1,424.34 $0.00 $350.30 $63,729.69
41 $63,729.69 $1,424.34 $0.00 $360.34 $65,514.37
42 $65,514.37 $1,424.34 $0.00 $370.43 $67,309.14
43 $67,309.14 $1,424.34 $0.00 $380.58 $69,114.06
44 $69,114.06 $1,424.34 $0.00 $390.78 $70,929.18
45 $70,929.18 $1,424.34 $0.00 $401.04 $72,754.56
46 $72,754.56 $1,424.34 $0.00 $411.36 $74,590.26
47 $74,590.26 $1,424.34 $0.00 $421.74 $76,436.34
48 $76,436.34 $1,424.34 $0.00 $432.18 $78,292.86
49 $78,292.86 $1,424.34 $0.00 $442.68 $80,159.88
50 $80,159.88 $1,424.34 $0.00 $453.24 $82,037.46
51 $82,037.46 $1,424.34 $0.00 $463.85 $83,925.65
52 $83,925.65 $1,424.34 $0.00 $474.53 $85,824.52
53 $85,824.52 $1,424.34 $0.00 $485.26 $87,734.12
54 $87,734.12 $1,424.34 $0.00 $496.06 $89,654.52
55 $89,654.52 $1,424.34 $0.00 $506.92 $91,585.78
56 $91,585.78 $1,424.34 $0.00 $517.84 $93,527.96
57 $93,527.96 $1,424.34 $0.00 $528.82 $95,481.12
58 $95,481.12 $1,424.34 $0.00 $539.86 $97,445.32
59 $97,445.32 $1,424.34 $0.00 $550.97 $99,420.63
60 $99,420.63 $1,424.34 $0.00 $562.14 $101,407.11
61 $101,407.11 $1,424.34 $0.00 $573.37 $103,404.82
62 $103,404.82 $1,424.34 $0.00 $584.67 $105,413.83
63 $105,413.83 $1,424.34 $0.00 $596.03 $107,434.20
64 $107,434.20 $1,424.34 $0.00 $607.45 $109,465.99
65 $109,465.99 $1,424.34 $0.00 $618.94 $111,509.27
66 $111,509.27 $1,424.34 $0.00 $630.49 $113,564.10
67 $113,564.10 $1,424.34 $0.00 $642.11 $115,630.55
68 $115,630.55 $1,424.34 $0.00 $653.79 $117,708.68
69 $117,708.68 $1,424.34 $0.00 $665.54 $119,798.56
70 $119,798.56 $1,424.34 $0.00 $677.36 $121,900.26
71 $121,900.26 $1,424.34 $0.00 $689.24 $124,013.84
72 $124,013.84 $1,424.34 $0.00 $701.19 $126,139.37
73 $126,139.37 $1,424.34 $0.00 $713.21 $128,276.92
74 $128,276.92 $1,424.34 $0.00 $725.30 $130,426.56
75 $130,426.56 $1,424.34 $0.00 $737.45 $132,588.35
76 $132,588.35 $1,424.34 $0.00 $749.67 $134,762.36
77 $134,762.36 $1,424.34 $0.00 $761.97 $136,948.67
78 $136,948.67 $1,424.34 $0.00 $774.33 $139,147.34
79 $139,147.34 $1,424.34 $0.00 $786.76 $141,358.44
80 $141,358.44 $1,424.34 $0.00 $799.26 $143,582.04
81 $143,582.04 $1,424.34 $0.00 $811.83 $145,818.21
82 $145,818.21 $1,424.34 $0.00 $824.48 $148,067.03
83 $148,067.03 $1,424.34 $0.00 $837.19 $150,328.56
84 $150,328.56 $1,424.34 $0.00 $849.98 $152,602.88
85 $152,602.88 $1,424.34 $0.00 $862.84 $154,890.06
86 $154,890.06 $1,424.34 $0.00 $875.77 $157,190.17
87 $157,190.17 $1,424.34 $0.00 $888.78 $159,503.29
88 $159,503.29 $1,424.34 $0.00 $901.85 $161,829.48
89 $161,829.48 $1,424.34 $0.00 $915.01 $164,168.83
90 $164,168.83 $1,424.34 $0.00 $928.23 $166,521.40
91 $166,521.40 $1,424.34 $0.00 $941.54 $168,887.28
92 $168,887.28 $1,424.34 $0.00 $954.91 $171,266.53
93 $171,266.53 $1,424.34 $0.00 $968.37 $173,659.24
94 $173,659.24 $1,424.34 $0.00 $981.89 $176,065.47
95 $176,065.47 $1,424.34 $0.00 $995.50 $178,485.31
96 $178,485.31 $1,424.34 $0.00 $1,009.18 $180,918.83
97 $180,918.83 $1,424.34 $0.00 $1,022.94 $183,366.11
98 $183,366.11 $1,424.34 $0.00 $1,036.78 $185,827.23
99 $185,827.23 $1,424.34 $0.00 $1,050.69 $188,302.26
100 $188,302.26 $1,424.34 $0.00 $1,064.69 $190,791.29
101 $190,791.29 $1,424.34 $0.00 $1,078.76 $193,294.39
102 $193,294.39 $1,424.34 $0.00 $1,092.91 $195,811.64
103 $195,811.64 $1,424.34 $0.00 $1,107.15 $198,343.13
104 $198,343.13 $1,424.34 $0.00 $1,121.46 $200,888.93
105 $200,888.93 $1,424.34 $0.00 $1,135.86 $203,449.13
106 $203,449.13 $1,424.34 $0.00 $1,150.33 $206,023.80
107 $206,023.80 $1,424.34 $0.00 $1,164.89 $208,613.03
108 $208,613.03 $1,424.34 $0.00 $1,179.53 $211,216.90
109 $211,216.90 $1,424.34 $0.00 $1,194.25 $213,835.49
110 $213,835.49 $1,424.34 $0.00 $1,209.06 $216,468.89
111 $216,468.89 $1,424.34 $0.00 $1,223.95 $219,117.18
112 $219,117.18 $1,424.34 $0.00 $1,238.92 $221,780.44
113 $221,780.44 $1,424.34 $0.00 $1,253.98 $224,458.76
114 $224,458.76 $1,424.34 $0.00 $1,269.12 $227,152.22
115 $227,152.22 $1,424.34 $0.00 $1,284.35 $229,860.91
116 $229,860.91 $1,424.34 $0.00 $1,299.67 $232,584.92
117 $232,584.92 $1,424.34 $0.00 $1,315.07 $235,324.33
118 $235,324.33 $1,424.34 $0.00 $1,330.56 $238,079.23
119 $238,079.23 $1,424.34 $0.00 $1,346.13 $240,849.70
120 $240,849.70 $1,424.34 $0.00 $1,361.80 $243,635.84
121 $243,635.84 $1,424.34 $0.00 $1,377.55 $246,437.73
122 $246,437.73 $1,424.34 $0.00 $1,393.39 $249,255.46
123 $249,255.46 $1,424.34 $0.00 $1,409.33 $252,089.13
124 $252,089.13 $1,424.34 $0.00 $1,425.35 $254,938.82
125 $254,938.82 $1,424.34 $0.00 $1,441.46 $257,804.62
126 $257,804.62 $1,424.34 $0.00 $1,457.66 $260,686.62
127 $260,686.62 $1,424.34 $0.00 $1,473.96 $263,584.92
128 $263,584.92 $1,424.34 $0.00 $1,490.35 $266,499.61
129 $266,499.61 $1,424.34 $0.00 $1,506.83 $269,430.78
130 $269,430.78 $1,424.34 $0.00 $1,523.40 $272,378.52
131 $272,378.52 $1,424.34 $0.00 $1,540.07 $275,342.93
132 $275,342.93 $1,424.34 $0.00 $1,556.83 $278,324.10
133 $278,324.10 $1,424.34 $0.00 $1,573.68 $281,322.12
134 $281,322.12 $1,424.34 $0.00 $1,590.64 $284,337.10
135 $284,337.10 $1,424.34 $0.00 $1,607.68 $287,369.12
136 $287,369.12 $1,424.34 $0.00 $1,624.83 $290,418.29
137 $290,418.29 $1,424.34 $0.00 $1,642.07 $293,484.70
138 $293,484.70 $1,424.34 $0.00 $1,659.41 $296,568.45
139 $296,568.45 $1,424.34 $0.00 $1,676.84 $299,669.63
140 $299,669.63 $1,424.34 $0.00 $1,694.38 $302,788.35
141 $302,788.35 $1,424.34 $0.00 $1,712.01 $305,924.70
142 $305,924.70 $1,424.34 $0.00 $1,729.74 $309,078.78
143 $309,078.78 $1,424.34 $0.00 $1,747.58 $312,250.70
144 $312,250.70 $1,424.34 $0.00 $1,765.51 $315,440.55
145 $315,440.55 $1,424.34 $0.00 $1,783.55 $318,648.44
146 $318,648.44 $1,424.34 $0.00 $1,801.68 $321,874.46
147 $321,874.46 $1,424.34 $0.00 $1,819.92 $325,118.72
148 $325,118.72 $1,424.34 $0.00 $1,838.27 $328,381.33
149 $328,381.33 $1,424.34 $0.00 $1,856.72 $331,662.39
150 $331,662.39 $1,424.34 $0.00 $1,875.27 $334,962.00
151 $334,962.00 $1,424.34 $0.00 $1,893.92 $338,280.26
152 $338,280.26 $1,424.34 $0.00 $1,912.69 $341,617.29
153 $341,617.29 $1,424.34 $0.00 $1,931.55 $344,973.18
154 $344,973.18 $1,424.34 $0.00 $1,950.53 $348,348.05
155 $348,348.05 $1,424.34 $0.00 $1,969.61 $351,742.00
156 $351,742.00 $1,424.34 $0.00 $1,988.80 $355,155.14
157 $355,155.14 $1,424.34 $0.00 $2,008.10 $358,587.58
158 $358,587.58 $1,424.34 $0.00 $2,027.51 $362,039.43
159 $362,039.43 $1,424.34 $0.00 $2,047.02 $365,510.79
160 $365,510.79 $1,424.34 $0.00 $2,066.65 $369,001.78
161 $369,001.78 $1,424.34 $0.00 $2,086.39 $372,512.51
162 $372,512.51 $1,424.34 $0.00 $2,106.24 $376,043.09
163 $376,043.09 $1,424.34 $0.00 $2,126.20 $379,593.63
164 $379,593.63 $1,424.34 $0.00 $2,146.28 $383,164.25
165 $383,164.25 $1,424.34 $0.00 $2,166.47 $386,755.06
166 $386,755.06 $1,424.34 $0.00 $2,186.77 $390,366.17
167 $390,366.17 $1,424.34 $0.00 $2,207.19 $393,997.70
168 $393,997.70 $1,424.34 $0.00 $2,227.72 $397,649.76
169 $397,649.76 $1,424.34 $0.00 $2,248.37 $401,322.47
170 $401,322.47 $1,424.34 $0.00 $2,269.14 $405,015.95
171 $405,015.95 $1,424.34 $0.00 $2,290.02 $408,730.31
172 $408,730.31 $1,424.34 $0.00 $2,311.02 $412,465.67
173 $412,465.67 $1,424.34 $0.00 $2,332.14 $416,222.15
174 $416,222.15 $1,424.34 $0.00 $2,353.38 $419,999.87
175 $419,999.87 $1,424.34 $0.00 $2,374.74 $423,798.95
176 $423,798.95 $1,424.34 $0.00 $2,396.22 $427,619.51
177 $427,619.51 $1,424.34 $0.00 $2,417.82 $431,461.67
178 $431,461.67 $1,424.34 $0.00 $2,439.55 $435,325.56
179 $435,325.56 $1,424.34 $0.00 $2,461.39 $439,211.29
180 $439,211.29 $1,424.34 $0.00 $2,483.36 $443,118.99
181 $443,118.99 $1,424.34 $0.00 $2,505.46 $447,048.79
182 $447,048.79 $1,424.34 $0.00 $2,527.68 $451,000.81
183 $451,000.81 $1,424.34 $0.00 $2,550.02 $454,975.17
184 $454,975.17 $1,424.34 $0.00 $2,572.50 $458,972.01
185 $458,972.01 $1,424.34 $0.00 $2,595.09 $462,991.44
186 $462,991.44 $1,424.34 $0.00 $2,617.82 $467,033.60
187 $467,033.60 $1,424.34 $0.00 $2,640.68 $471,098.62
188 $471,098.62 $1,424.34 $0.00 $2,663.66 $475,186.62
189 $475,186.62 $1,424.34 $0.00 $2,686.77 $479,297.73
190 $479,297.73 $1,424.34 $0.00 $2,710.02 $483,432.09
191 $483,432.09 $1,424.34 $0.00 $2,733.40 $487,589.83
192 $487,589.83 $1,424.34 $0.00 $2,756.90 $491,771.07
193 $491,771.07 $1,424.34 $0.00 $2,780.55 $495,975.96
194 $495,975.96 $1,424.34 $0.00 $2,804.32 $500,204.62
195 $500,204.62 $1,424.34 $0.00 $2,828.23 $504,457.19
196 $504,457.19 $1,424.34 $0.00 $2,852.27 $508,733.80
197 $508,733.80 $1,424.34 $0.00 $2,876.45 $513,034.59
198 $513,034.59 $1,424.34 $0.00 $2,900.77 $517,359.70
199 $517,359.70 $1,424.34 $0.00 $2,925.23 $521,709.27
200 $521,709.27 $1,424.34 $0.00 $2,949.82 $526,083.43
201 $526,083.43 $1,424.34 $0.00 $2,974.55 $530,482.32
202 $530,482.32 $1,424.34 $0.00 $2,999.42 $534,906.08
203 $534,906.08 $1,424.34 $0.00 $3,024.44 $539,354.86
204 $539,354.86 $1,424.34 $0.00 $3,049.59 $543,828.79
205 $543,828.79 $1,424.34 $0.00 $3,074.89 $548,328.02
206 $548,328.02 $1,424.34 $0.00 $3,100.33 $552,852.69
207 $552,852.69 $1,424.34 $0.00 $3,125.91 $557,402.94
208 $557,402.94 $1,424.34 $0.00 $3,151.64 $561,978.92
209 $561,978.92 $1,424.34 $0.00 $3,177.51 $566,580.77
210 $566,580.77 $1,424.34 $0.00 $3,203.53 $571,208.64
211 $571,208.64 $1,424.34 $0.00 $3,229.70 $575,862.68
212 $575,862.68 $1,424.34 $0.00 $3,256.01 $580,543.03
213 $580,543.03 $1,424.34 $0.00 $3,282.47 $585,249.84
214 $585,249.84 $1,424.34 $0.00 $3,309.09 $589,983.27
215 $589,983.27 $1,424.34 $0.00 $3,335.85 $594,743.46
216 $594,743.46 $1,424.34 $0.00 $3,362.77 $599,530.57
217 $599,530.57 $1,424.34 $162,365.19 $3,389.83 $441,979.55
218 $441,979.55 $1,424.34 $0.00 $2,499.02 $445,902.91
219 $445,902.91 $1,424.34 $0.00 $2,521.20 $449,848.45
220 $449,848.45 $1,424.34 $0.00 $2,543.51 $453,816.30
221 $453,816.30 $1,424.34 $0.00 $2,565.94 $457,806.58
222 $457,806.58 $1,424.34 $0.00 $2,588.50 $461,819.42
223 $461,819.42 $1,424.34 $0.00 $2,611.19 $465,854.95
224 $465,854.95 $1,424.34 $0.00 $2,634.01 $469,913.30
225 $469,913.30 $1,424.34 $0.00 $2,656.96 $473,994.60
226 $473,994.60 $1,424.34 $0.00 $2,680.03 $478,098.97
227 $478,098.97 $1,424.34 $0.00 $2,703.24 $482,226.55
228 $482,226.55 $1,424.34 $0.00 $2,726.58 $486,377.47
229 $486,377.47 $1,424.34 $173,730.75 $2,750.05 $316,821.11
230 $316,821.11 $1,424.34 $0.00 $1,791.35 $320,036.80
231 $320,036.80 $1,424.34 $0.00 $1,809.53 $323,270.67
232 $323,270.67 $1,424.34 $0.00 $1,827.82 $326,522.83
233 $326,522.83 $1,424.34 $0.00 $1,846.21 $329,793.38
234 $329,793.38 $1,424.34 $0.00 $1,864.70 $333,082.42
235 $333,082.42 $1,424.34 $0.00 $1,883.30 $336,390.06
236 $336,390.06 $1,424.34 $0.00 $1,902.00 $339,716.40
237 $339,716.40 $1,424.34 $0.00 $1,920.81 $343,061.55
238 $343,061.55 $1,424.34 $0.00 $1,939.72 $346,425.61
239 $346,425.61 $1,424.34 $0.00 $1,958.74 $349,808.69
240 $349,808.69 $1,424.34 $0.00 $1,977.87 $353,210.90
241 $353,210.90 $1,424.34 $185,891.90 $1,997.11 $170,740.45
242 $170,740.45 $1,424.34 $0.00 $965.39 $173,130.18
243 $173,130.18 $1,424.34 $0.00 $978.90 $175,533.42
244 $175,533.42 $1,424.34 $0.00 $992.49 $177,950.25
245 $177,950.25 $1,424.34 $0.00 $1,006.16 $180,380.75
246 $180,380.75 $1,424.34 $0.00 $1,019.90 $182,824.99
247 $182,824.99 $1,424.34 $0.00 $1,033.72 $185,283.05
248 $185,283.05 $1,424.34 $0.00 $1,047.62 $187,755.01
249 $187,755.01 $1,424.34 $0.00 $1,061.59 $190,240.94
250 $190,240.94 $1,424.34 $0.00 $1,075.65 $192,740.93
251 $192,740.93 $1,424.34 $0.00 $1,089.79 $195,255.06
252 $195,255.06 $1,424.34 $0.00 $1,104.00 $197,783.40
253 $197,783.40 $0.00 $198,904.34 $1,118.30 -$2.64