Savings Plan and Future Cost Estimation for Davenport University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$140,103
Monthly savings required$1,107

How much will it cost to send your child to Davenport University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $560,410.45 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,107.27 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$37,344.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,107.27 $0.00 $0.00 $1,107.27
2 $1,107.27 $1,107.27 $0.00 $6.26 $2,220.80
3 $2,220.80 $1,107.27 $0.00 $12.56 $3,340.63
4 $3,340.63 $1,107.27 $0.00 $18.89 $4,466.79
5 $4,466.79 $1,107.27 $0.00 $25.26 $5,599.32
6 $5,599.32 $1,107.27 $0.00 $31.66 $6,738.25
7 $6,738.25 $1,107.27 $0.00 $38.10 $7,883.62
8 $7,883.62 $1,107.27 $0.00 $44.58 $9,035.47
9 $9,035.47 $1,107.27 $0.00 $51.09 $10,193.83
10 $10,193.83 $1,107.27 $0.00 $57.64 $11,358.74
11 $11,358.74 $1,107.27 $0.00 $64.22 $12,530.23
12 $12,530.23 $1,107.27 $0.00 $70.85 $13,708.35
13 $13,708.35 $1,107.27 $0.00 $77.51 $14,893.13
14 $14,893.13 $1,107.27 $0.00 $84.21 $16,084.61
15 $16,084.61 $1,107.27 $0.00 $90.94 $17,282.82
16 $17,282.82 $1,107.27 $0.00 $97.72 $18,487.81
17 $18,487.81 $1,107.27 $0.00 $104.53 $19,699.61
18 $19,699.61 $1,107.27 $0.00 $111.38 $20,918.26
19 $20,918.26 $1,107.27 $0.00 $118.27 $22,143.80
20 $22,143.80 $1,107.27 $0.00 $125.20 $23,376.27
21 $23,376.27 $1,107.27 $0.00 $132.17 $24,615.71
22 $24,615.71 $1,107.27 $0.00 $139.18 $25,862.16
23 $25,862.16 $1,107.27 $0.00 $146.23 $27,115.66
24 $27,115.66 $1,107.27 $0.00 $153.32 $28,376.25
25 $28,376.25 $1,107.27 $0.00 $160.44 $29,643.96
26 $29,643.96 $1,107.27 $0.00 $167.61 $30,918.84
27 $30,918.84 $1,107.27 $0.00 $174.82 $32,200.93
28 $32,200.93 $1,107.27 $0.00 $182.07 $33,490.27
29 $33,490.27 $1,107.27 $0.00 $189.36 $34,786.90
30 $34,786.90 $1,107.27 $0.00 $196.69 $36,090.86
31 $36,090.86 $1,107.27 $0.00 $204.06 $37,402.19
32 $37,402.19 $1,107.27 $0.00 $211.48 $38,720.94
33 $38,720.94 $1,107.27 $0.00 $218.93 $40,047.14
34 $40,047.14 $1,107.27 $0.00 $226.43 $41,380.84
35 $41,380.84 $1,107.27 $0.00 $233.97 $42,722.08
36 $42,722.08 $1,107.27 $0.00 $241.56 $44,070.91
37 $44,070.91 $1,107.27 $0.00 $249.18 $45,427.36
38 $45,427.36 $1,107.27 $0.00 $256.85 $46,791.48
39 $46,791.48 $1,107.27 $0.00 $264.57 $48,163.32
40 $48,163.32 $1,107.27 $0.00 $272.32 $49,542.91
41 $49,542.91 $1,107.27 $0.00 $280.12 $50,930.30
42 $50,930.30 $1,107.27 $0.00 $287.97 $52,325.54
43 $52,325.54 $1,107.27 $0.00 $295.86 $53,728.67
44 $53,728.67 $1,107.27 $0.00 $303.79 $55,139.73
45 $55,139.73 $1,107.27 $0.00 $311.77 $56,558.77
46 $56,558.77 $1,107.27 $0.00 $319.79 $57,985.83
47 $57,985.83 $1,107.27 $0.00 $327.86 $59,420.96
48 $59,420.96 $1,107.27 $0.00 $335.97 $60,864.20
49 $60,864.20 $1,107.27 $0.00 $344.14 $62,315.61
50 $62,315.61 $1,107.27 $0.00 $352.34 $63,775.22
51 $63,775.22 $1,107.27 $0.00 $360.59 $65,243.08
52 $65,243.08 $1,107.27 $0.00 $368.89 $66,719.24
53 $66,719.24 $1,107.27 $0.00 $377.24 $68,203.75
54 $68,203.75 $1,107.27 $0.00 $385.63 $69,696.65
55 $69,696.65 $1,107.27 $0.00 $394.07 $71,197.99
56 $71,197.99 $1,107.27 $0.00 $402.56 $72,707.82
57 $72,707.82 $1,107.27 $0.00 $411.10 $74,226.19
58 $74,226.19 $1,107.27 $0.00 $419.69 $75,753.15
59 $75,753.15 $1,107.27 $0.00 $428.32 $77,288.74
60 $77,288.74 $1,107.27 $0.00 $437.00 $78,833.01
61 $78,833.01 $1,107.27 $0.00 $445.73 $80,386.01
62 $80,386.01 $1,107.27 $0.00 $454.51 $81,947.79
63 $81,947.79 $1,107.27 $0.00 $463.34 $83,518.40
64 $83,518.40 $1,107.27 $0.00 $472.23 $85,097.90
65 $85,097.90 $1,107.27 $0.00 $481.16 $86,686.33
66 $86,686.33 $1,107.27 $0.00 $490.14 $88,283.74
67 $88,283.74 $1,107.27 $0.00 $499.17 $89,890.18
68 $89,890.18 $1,107.27 $0.00 $508.25 $91,505.70
69 $91,505.70 $1,107.27 $0.00 $517.39 $93,130.36
70 $93,130.36 $1,107.27 $0.00 $526.57 $94,764.20
71 $94,764.20 $1,107.27 $0.00 $535.81 $96,407.28
72 $96,407.28 $1,107.27 $0.00 $545.10 $98,059.65
73 $98,059.65 $1,107.27 $0.00 $554.44 $99,721.36
74 $99,721.36 $1,107.27 $0.00 $563.84 $101,392.47
75 $101,392.47 $1,107.27 $0.00 $573.29 $103,073.03
76 $103,073.03 $1,107.27 $0.00 $582.79 $104,763.09
77 $104,763.09 $1,107.27 $0.00 $592.35 $106,462.71
78 $106,462.71 $1,107.27 $0.00 $601.96 $108,171.94
79 $108,171.94 $1,107.27 $0.00 $611.62 $109,890.83
80 $109,890.83 $1,107.27 $0.00 $621.34 $111,619.44
81 $111,619.44 $1,107.27 $0.00 $631.11 $113,357.82
82 $113,357.82 $1,107.27 $0.00 $640.94 $115,106.03
83 $115,106.03 $1,107.27 $0.00 $650.83 $116,864.13
84 $116,864.13 $1,107.27 $0.00 $660.77 $118,632.17
85 $118,632.17 $1,107.27 $0.00 $670.76 $120,410.20
86 $120,410.20 $1,107.27 $0.00 $680.82 $122,198.29
87 $122,198.29 $1,107.27 $0.00 $690.93 $123,996.49
88 $123,996.49 $1,107.27 $0.00 $701.09 $125,804.85
89 $125,804.85 $1,107.27 $0.00 $711.32 $127,623.44
90 $127,623.44 $1,107.27 $0.00 $721.60 $129,452.31
91 $129,452.31 $1,107.27 $0.00 $731.94 $131,291.52
92 $131,291.52 $1,107.27 $0.00 $742.34 $133,141.13
93 $133,141.13 $1,107.27 $0.00 $752.80 $135,001.20
94 $135,001.20 $1,107.27 $0.00 $763.32 $136,871.79
95 $136,871.79 $1,107.27 $0.00 $773.89 $138,752.95
96 $138,752.95 $1,107.27 $0.00 $784.53 $140,644.75
97 $140,644.75 $1,107.27 $0.00 $795.23 $142,547.25
98 $142,547.25 $1,107.27 $0.00 $805.98 $144,460.50
99 $144,460.50 $1,107.27 $0.00 $816.80 $146,384.57
100 $146,384.57 $1,107.27 $0.00 $827.68 $148,319.52
101 $148,319.52 $1,107.27 $0.00 $838.62 $150,265.41
102 $150,265.41 $1,107.27 $0.00 $849.62 $152,222.30
103 $152,222.30 $1,107.27 $0.00 $860.69 $154,190.26
104 $154,190.26 $1,107.27 $0.00 $871.81 $156,169.34
105 $156,169.34 $1,107.27 $0.00 $883.00 $158,159.61
106 $158,159.61 $1,107.27 $0.00 $894.26 $160,161.14
107 $160,161.14 $1,107.27 $0.00 $905.57 $162,173.98
108 $162,173.98 $1,107.27 $0.00 $916.96 $164,198.21
109 $164,198.21 $1,107.27 $0.00 $928.40 $166,233.88
110 $166,233.88 $1,107.27 $0.00 $939.91 $168,281.06
111 $168,281.06 $1,107.27 $0.00 $951.49 $170,339.82
112 $170,339.82 $1,107.27 $0.00 $963.13 $172,410.22
113 $172,410.22 $1,107.27 $0.00 $974.83 $174,492.32
114 $174,492.32 $1,107.27 $0.00 $986.60 $176,586.19
115 $176,586.19 $1,107.27 $0.00 $998.44 $178,691.90
116 $178,691.90 $1,107.27 $0.00 $1,010.35 $180,809.52
117 $180,809.52 $1,107.27 $0.00 $1,022.32 $182,939.11
118 $182,939.11 $1,107.27 $0.00 $1,034.36 $185,080.74
119 $185,080.74 $1,107.27 $0.00 $1,046.47 $187,234.48
120 $187,234.48 $1,107.27 $0.00 $1,058.65 $189,400.40
121 $189,400.40 $1,107.27 $0.00 $1,070.90 $191,578.57
122 $191,578.57 $1,107.27 $0.00 $1,083.21 $193,769.05
123 $193,769.05 $1,107.27 $0.00 $1,095.60 $195,971.92
124 $195,971.92 $1,107.27 $0.00 $1,108.05 $198,187.24
125 $198,187.24 $1,107.27 $0.00 $1,120.58 $200,415.09
126 $200,415.09 $1,107.27 $0.00 $1,133.18 $202,655.54
127 $202,655.54 $1,107.27 $0.00 $1,145.84 $204,908.65
128 $204,908.65 $1,107.27 $0.00 $1,158.58 $207,174.50
129 $207,174.50 $1,107.27 $0.00 $1,171.39 $209,453.16
130 $209,453.16 $1,107.27 $0.00 $1,184.28 $211,744.71
131 $211,744.71 $1,107.27 $0.00 $1,197.24 $214,049.22
132 $214,049.22 $1,107.27 $0.00 $1,210.27 $216,366.76
133 $216,366.76 $1,107.27 $0.00 $1,223.37 $218,697.40
134 $218,697.40 $1,107.27 $0.00 $1,236.55 $221,041.22
135 $221,041.22 $1,107.27 $0.00 $1,249.80 $223,398.29
136 $223,398.29 $1,107.27 $0.00 $1,263.13 $225,768.69
137 $225,768.69 $1,107.27 $0.00 $1,276.53 $228,152.49
138 $228,152.49 $1,107.27 $0.00 $1,290.01 $230,549.77
139 $230,549.77 $1,107.27 $0.00 $1,303.56 $232,960.60
140 $232,960.60 $1,107.27 $0.00 $1,317.19 $235,385.06
141 $235,385.06 $1,107.27 $0.00 $1,330.90 $237,823.23
142 $237,823.23 $1,107.27 $0.00 $1,344.69 $240,275.19
143 $240,275.19 $1,107.27 $0.00 $1,358.55 $242,741.01
144 $242,741.01 $1,107.27 $0.00 $1,372.49 $245,220.77
145 $245,220.77 $1,107.27 $0.00 $1,386.51 $247,714.55
146 $247,714.55 $1,107.27 $0.00 $1,400.61 $250,222.43
147 $250,222.43 $1,107.27 $0.00 $1,414.79 $252,744.49
148 $252,744.49 $1,107.27 $0.00 $1,429.05 $255,280.81
149 $255,280.81 $1,107.27 $0.00 $1,443.39 $257,831.47
150 $257,831.47 $1,107.27 $0.00 $1,457.82 $260,396.56
151 $260,396.56 $1,107.27 $0.00 $1,472.32 $262,976.15
152 $262,976.15 $1,107.27 $0.00 $1,486.91 $265,570.33
153 $265,570.33 $1,107.27 $0.00 $1,501.57 $268,179.17
154 $268,179.17 $1,107.27 $0.00 $1,516.32 $270,802.76
155 $270,802.76 $1,107.27 $0.00 $1,531.16 $273,441.19
156 $273,441.19 $1,107.27 $0.00 $1,546.08 $276,094.54
157 $276,094.54 $1,107.27 $0.00 $1,561.08 $278,762.89
158 $278,762.89 $1,107.27 $0.00 $1,576.17 $281,446.33
159 $281,446.33 $1,107.27 $0.00 $1,591.34 $284,144.94
160 $284,144.94 $1,107.27 $0.00 $1,606.60 $286,858.81
161 $286,858.81 $1,107.27 $0.00 $1,621.94 $289,588.02
162 $289,588.02 $1,107.27 $0.00 $1,637.37 $292,332.66
163 $292,332.66 $1,107.27 $0.00 $1,652.89 $295,092.82
164 $295,092.82 $1,107.27 $0.00 $1,668.50 $297,868.59
165 $297,868.59 $1,107.27 $0.00 $1,684.19 $300,660.05
166 $300,660.05 $1,107.27 $0.00 $1,699.98 $303,467.30
167 $303,467.30 $1,107.27 $0.00 $1,715.85 $306,290.42
168 $306,290.42 $1,107.27 $0.00 $1,731.81 $309,129.50
169 $309,129.50 $1,107.27 $0.00 $1,747.86 $311,984.63
170 $311,984.63 $1,107.27 $0.00 $1,764.01 $314,855.91
171 $314,855.91 $1,107.27 $0.00 $1,780.24 $317,743.42
172 $317,743.42 $1,107.27 $0.00 $1,796.57 $320,647.26
173 $320,647.26 $1,107.27 $0.00 $1,812.99 $323,567.52
174 $323,567.52 $1,107.27 $0.00 $1,829.50 $326,504.29
175 $326,504.29 $1,107.27 $0.00 $1,846.10 $329,457.66
176 $329,457.66 $1,107.27 $0.00 $1,862.80 $332,427.73
177 $332,427.73 $1,107.27 $0.00 $1,879.59 $335,414.59
178 $335,414.59 $1,107.27 $0.00 $1,896.48 $338,418.34
179 $338,418.34 $1,107.27 $0.00 $1,913.47 $341,439.08
180 $341,439.08 $1,107.27 $0.00 $1,930.55 $344,476.90
181 $344,476.90 $1,107.27 $0.00 $1,947.72 $347,531.89
182 $347,531.89 $1,107.27 $0.00 $1,965.00 $350,604.16
183 $350,604.16 $1,107.27 $0.00 $1,982.37 $353,693.80
184 $353,693.80 $1,107.27 $0.00 $1,999.84 $356,800.91
185 $356,800.91 $1,107.27 $0.00 $2,017.40 $359,925.58
186 $359,925.58 $1,107.27 $0.00 $2,035.07 $363,067.92
187 $363,067.92 $1,107.27 $0.00 $2,052.84 $366,228.03
188 $366,228.03 $1,107.27 $0.00 $2,070.71 $369,406.01
189 $369,406.01 $1,107.27 $0.00 $2,088.68 $372,601.96
190 $372,601.96 $1,107.27 $0.00 $2,106.75 $375,815.98
191 $375,815.98 $1,107.27 $0.00 $2,124.92 $379,048.17
192 $379,048.17 $1,107.27 $0.00 $2,143.19 $382,298.63
193 $382,298.63 $1,107.27 $0.00 $2,161.57 $385,567.47
194 $385,567.47 $1,107.27 $0.00 $2,180.05 $388,854.79
195 $388,854.79 $1,107.27 $0.00 $2,198.64 $392,160.70
196 $392,160.70 $1,107.27 $0.00 $2,217.33 $395,485.30
197 $395,485.30 $1,107.27 $0.00 $2,236.13 $398,828.70
198 $398,828.70 $1,107.27 $0.00 $2,255.04 $402,191.01
199 $402,191.01 $1,107.27 $0.00 $2,274.05 $405,572.33
200 $405,572.33 $1,107.27 $0.00 $2,293.16 $408,972.76
201 $408,972.76 $1,107.27 $0.00 $2,312.39 $412,392.42
202 $412,392.42 $1,107.27 $0.00 $2,331.73 $415,831.42
203 $415,831.42 $1,107.27 $0.00 $2,351.17 $419,289.86
204 $419,289.86 $1,107.27 $0.00 $2,370.73 $422,767.86
205 $422,767.86 $1,107.27 $0.00 $2,390.39 $426,265.52
206 $426,265.52 $1,107.27 $0.00 $2,410.17 $429,782.96
207 $429,782.96 $1,107.27 $0.00 $2,430.06 $433,320.29
208 $433,320.29 $1,107.27 $0.00 $2,450.06 $436,877.62
209 $436,877.62 $1,107.27 $0.00 $2,470.17 $440,455.06
210 $440,455.06 $1,107.27 $0.00 $2,490.40 $444,052.73
211 $444,052.73 $1,107.27 $0.00 $2,510.74 $447,670.74
212 $447,670.74 $1,107.27 $0.00 $2,531.20 $451,309.21
213 $451,309.21 $1,107.27 $0.00 $2,551.77 $454,968.25
214 $454,968.25 $1,107.27 $0.00 $2,572.46 $458,647.98
215 $458,647.98 $1,107.27 $0.00 $2,593.26 $462,348.51
216 $462,348.51 $1,107.27 $0.00 $2,614.19 $466,069.97
217 $466,069.97 $1,107.27 $126,220.19 $2,635.23 $343,592.28
218 $343,592.28 $1,107.27 $0.00 $1,942.72 $346,642.27
219 $346,642.27 $1,107.27 $0.00 $1,959.97 $349,709.51
220 $349,709.51 $1,107.27 $0.00 $1,977.31 $352,794.09
221 $352,794.09 $1,107.27 $0.00 $1,994.75 $355,896.11
222 $355,896.11 $1,107.27 $0.00 $2,012.29 $359,015.67
223 $359,015.67 $1,107.27 $0.00 $2,029.93 $362,152.87
224 $362,152.87 $1,107.27 $0.00 $2,047.66 $365,307.80
225 $365,307.80 $1,107.27 $0.00 $2,065.50 $368,480.57
226 $368,480.57 $1,107.27 $0.00 $2,083.44 $371,671.28
227 $371,671.28 $1,107.27 $0.00 $2,101.48 $374,880.03
228 $374,880.03 $1,107.27 $0.00 $2,119.63 $378,106.93
229 $378,106.93 $1,107.27 $135,055.60 $2,137.87 $246,296.47
230 $246,296.47 $1,107.27 $0.00 $1,392.60 $248,796.34
231 $248,796.34 $1,107.27 $0.00 $1,406.73 $251,310.34
232 $251,310.34 $1,107.27 $0.00 $1,420.95 $253,838.56
233 $253,838.56 $1,107.27 $0.00 $1,435.24 $256,381.07
234 $256,381.07 $1,107.27 $0.00 $1,449.62 $258,937.96
235 $258,937.96 $1,107.27 $0.00 $1,464.07 $261,509.30
236 $261,509.30 $1,107.27 $0.00 $1,478.61 $264,095.18
237 $264,095.18 $1,107.27 $0.00 $1,493.23 $266,695.68
238 $266,695.68 $1,107.27 $0.00 $1,507.94 $269,310.89
239 $269,310.89 $1,107.27 $0.00 $1,522.72 $271,940.88
240 $271,940.88 $1,107.27 $0.00 $1,537.59 $274,585.74
241 $274,585.74 $1,107.27 $144,509.50 $1,552.55 $132,736.06
242 $132,736.06 $1,107.27 $0.00 $750.51 $134,593.84
243 $134,593.84 $1,107.27 $0.00 $761.01 $136,462.12
244 $136,462.12 $1,107.27 $0.00 $771.58 $138,340.97
245 $138,340.97 $1,107.27 $0.00 $782.20 $140,230.44
246 $140,230.44 $1,107.27 $0.00 $792.88 $142,130.59
247 $142,130.59 $1,107.27 $0.00 $803.63 $144,041.49
248 $144,041.49 $1,107.27 $0.00 $814.43 $145,963.19
249 $145,963.19 $1,107.27 $0.00 $825.30 $147,895.76
250 $147,895.76 $1,107.27 $0.00 $836.22 $149,839.25
251 $149,839.25 $1,107.27 $0.00 $847.21 $151,793.73
252 $151,793.73 $1,107.27 $0.00 $858.26 $153,759.26
253 $153,759.26 $0.00 $154,625.16 $869.38 $3.48