Savings Plan and Future Cost Estimation for Bethel University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$213,358
Monthly savings required$1,686

How much will it cost to send your child to Bethel University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $853,431.41 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,686.20 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$56,870.00
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 $1,686.20 $0.00 $0.00 $1,686.20
2 $1,686.20 $1,686.20 $0.00 $9.53 $3,381.93
3 $3,381.93 $1,686.20 $0.00 $19.12 $5,087.25
4 $5,087.25 $1,686.20 $0.00 $28.76 $6,802.21
5 $6,802.21 $1,686.20 $0.00 $38.46 $8,526.87
6 $8,526.87 $1,686.20 $0.00 $48.21 $10,261.28
7 $10,261.28 $1,686.20 $0.00 $58.02 $12,005.50
8 $12,005.50 $1,686.20 $0.00 $67.88 $13,759.58
9 $13,759.58 $1,686.20 $0.00 $77.80 $15,523.58
10 $15,523.58 $1,686.20 $0.00 $87.77 $17,297.55
11 $17,297.55 $1,686.20 $0.00 $97.80 $19,081.55
12 $19,081.55 $1,686.20 $0.00 $107.89 $20,875.64
13 $20,875.64 $1,686.20 $0.00 $118.03 $22,679.87
14 $22,679.87 $1,686.20 $0.00 $128.24 $24,494.31
15 $24,494.31 $1,686.20 $0.00 $138.49 $26,319.00
16 $26,319.00 $1,686.20 $0.00 $148.81 $28,154.01
17 $28,154.01 $1,686.20 $0.00 $159.19 $29,999.40
18 $29,999.40 $1,686.20 $0.00 $169.62 $31,855.22
19 $31,855.22 $1,686.20 $0.00 $180.11 $33,721.53
20 $33,721.53 $1,686.20 $0.00 $190.67 $35,598.40
21 $35,598.40 $1,686.20 $0.00 $201.28 $37,485.88
22 $37,485.88 $1,686.20 $0.00 $211.95 $39,384.03
23 $39,384.03 $1,686.20 $0.00 $222.68 $41,292.91
24 $41,292.91 $1,686.20 $0.00 $233.48 $43,212.59
25 $43,212.59 $1,686.20 $0.00 $244.33 $45,143.12
26 $45,143.12 $1,686.20 $0.00 $255.25 $47,084.57
27 $47,084.57 $1,686.20 $0.00 $266.22 $49,036.99
28 $49,036.99 $1,686.20 $0.00 $277.26 $51,000.45
29 $51,000.45 $1,686.20 $0.00 $288.36 $52,975.01
30 $52,975.01 $1,686.20 $0.00 $299.53 $54,960.74
31 $54,960.74 $1,686.20 $0.00 $310.76 $56,957.70
32 $56,957.70 $1,686.20 $0.00 $322.05 $58,965.95
33 $58,965.95 $1,686.20 $0.00 $333.40 $60,985.55
34 $60,985.55 $1,686.20 $0.00 $344.82 $63,016.57
35 $63,016.57 $1,686.20 $0.00 $356.30 $65,059.07
36 $65,059.07 $1,686.20 $0.00 $367.85 $67,113.12
37 $67,113.12 $1,686.20 $0.00 $379.47 $69,178.79
38 $69,178.79 $1,686.20 $0.00 $391.15 $71,256.14
39 $71,256.14 $1,686.20 $0.00 $402.89 $73,345.23
40 $73,345.23 $1,686.20 $0.00 $414.70 $75,446.13
41 $75,446.13 $1,686.20 $0.00 $426.58 $77,558.91
42 $77,558.91 $1,686.20 $0.00 $438.53 $79,683.64
43 $79,683.64 $1,686.20 $0.00 $450.54 $81,820.38
44 $81,820.38 $1,686.20 $0.00 $462.62 $83,969.20
45 $83,969.20 $1,686.20 $0.00 $474.77 $86,130.17
46 $86,130.17 $1,686.20 $0.00 $486.99 $88,303.36
47 $88,303.36 $1,686.20 $0.00 $499.28 $90,488.84
48 $90,488.84 $1,686.20 $0.00 $511.64 $92,686.68
49 $92,686.68 $1,686.20 $0.00 $524.06 $94,896.94
50 $94,896.94 $1,686.20 $0.00 $536.56 $97,119.70
51 $97,119.70 $1,686.20 $0.00 $549.13 $99,355.03
52 $99,355.03 $1,686.20 $0.00 $561.77 $101,603.00
53 $101,603.00 $1,686.20 $0.00 $574.48 $103,863.68
54 $103,863.68 $1,686.20 $0.00 $587.26 $106,137.14
55 $106,137.14 $1,686.20 $0.00 $600.11 $108,423.45
56 $108,423.45 $1,686.20 $0.00 $613.04 $110,722.69
57 $110,722.69 $1,686.20 $0.00 $626.04 $113,034.93
58 $113,034.93 $1,686.20 $0.00 $639.12 $115,360.25
59 $115,360.25 $1,686.20 $0.00 $652.26 $117,698.71
60 $117,698.71 $1,686.20 $0.00 $665.49 $120,050.40
61 $120,050.40 $1,686.20 $0.00 $678.78 $122,415.38
62 $122,415.38 $1,686.20 $0.00 $692.15 $124,793.73
63 $124,793.73 $1,686.20 $0.00 $705.60 $127,185.53
64 $127,185.53 $1,686.20 $0.00 $719.13 $129,590.86
65 $129,590.86 $1,686.20 $0.00 $732.73 $132,009.79
66 $132,009.79 $1,686.20 $0.00 $746.40 $134,442.39
67 $134,442.39 $1,686.20 $0.00 $760.16 $136,888.75
68 $136,888.75 $1,686.20 $0.00 $773.99 $139,348.94
69 $139,348.94 $1,686.20 $0.00 $787.90 $141,823.04
70 $141,823.04 $1,686.20 $0.00 $801.89 $144,311.13
71 $144,311.13 $1,686.20 $0.00 $815.96 $146,813.29
72 $146,813.29 $1,686.20 $0.00 $830.10 $149,329.59
73 $149,329.59 $1,686.20 $0.00 $844.33 $151,860.12
74 $151,860.12 $1,686.20 $0.00 $858.64 $154,404.96
75 $154,404.96 $1,686.20 $0.00 $873.03 $156,964.19
76 $156,964.19 $1,686.20 $0.00 $887.50 $159,537.89
77 $159,537.89 $1,686.20 $0.00 $902.05 $162,126.14
78 $162,126.14 $1,686.20 $0.00 $916.68 $164,729.02
79 $164,729.02 $1,686.20 $0.00 $931.40 $167,346.62
80 $167,346.62 $1,686.20 $0.00 $946.20 $169,979.02
81 $169,979.02 $1,686.20 $0.00 $961.09 $172,626.31
82 $172,626.31 $1,686.20 $0.00 $976.05 $175,288.56
83 $175,288.56 $1,686.20 $0.00 $991.11 $177,965.87
84 $177,965.87 $1,686.20 $0.00 $1,006.24 $180,658.31
85 $180,658.31 $1,686.20 $0.00 $1,021.47 $183,365.98
86 $183,365.98 $1,686.20 $0.00 $1,036.78 $186,088.96
87 $186,088.96 $1,686.20 $0.00 $1,052.17 $188,827.33
88 $188,827.33 $1,686.20 $0.00 $1,067.66 $191,581.19
89 $191,581.19 $1,686.20 $0.00 $1,083.23 $194,350.62
90 $194,350.62 $1,686.20 $0.00 $1,098.89 $197,135.71
91 $197,135.71 $1,686.20 $0.00 $1,114.63 $199,936.54
92 $199,936.54 $1,686.20 $0.00 $1,130.47 $202,753.21
93 $202,753.21 $1,686.20 $0.00 $1,146.40 $205,585.81
94 $205,585.81 $1,686.20 $0.00 $1,162.41 $208,434.42
95 $208,434.42 $1,686.20 $0.00 $1,178.52 $211,299.14
96 $211,299.14 $1,686.20 $0.00 $1,194.72 $214,180.06
97 $214,180.06 $1,686.20 $0.00 $1,211.01 $217,077.27
98 $217,077.27 $1,686.20 $0.00 $1,227.39 $219,990.86
99 $219,990.86 $1,686.20 $0.00 $1,243.86 $222,920.92
100 $222,920.92 $1,686.20 $0.00 $1,260.43 $225,867.55
101 $225,867.55 $1,686.20 $0.00 $1,277.09 $228,830.84
102 $228,830.84 $1,686.20 $0.00 $1,293.84 $231,810.88
103 $231,810.88 $1,686.20 $0.00 $1,310.69 $234,807.77
104 $234,807.77 $1,686.20 $0.00 $1,327.64 $237,821.61
105 $237,821.61 $1,686.20 $0.00 $1,344.68 $240,852.49
106 $240,852.49 $1,686.20 $0.00 $1,361.81 $243,900.50
107 $243,900.50 $1,686.20 $0.00 $1,379.05 $246,965.75
108 $246,965.75 $1,686.20 $0.00 $1,396.38 $250,048.33
109 $250,048.33 $1,686.20 $0.00 $1,413.81 $253,148.34
110 $253,148.34 $1,686.20 $0.00 $1,431.34 $256,265.88
111 $256,265.88 $1,686.20 $0.00 $1,448.96 $259,401.04
112 $259,401.04 $1,686.20 $0.00 $1,466.69 $262,553.93
113 $262,553.93 $1,686.20 $0.00 $1,484.52 $265,724.65
114 $265,724.65 $1,686.20 $0.00 $1,502.45 $268,913.30
115 $268,913.30 $1,686.20 $0.00 $1,520.47 $272,119.97
116 $272,119.97 $1,686.20 $0.00 $1,538.61 $275,344.78
117 $275,344.78 $1,686.20 $0.00 $1,556.84 $278,587.82
118 $278,587.82 $1,686.20 $0.00 $1,575.18 $281,849.20
119 $281,849.20 $1,686.20 $0.00 $1,593.62 $285,129.02
120 $285,129.02 $1,686.20 $0.00 $1,612.16 $288,427.38
121 $288,427.38 $1,686.20 $0.00 $1,630.81 $291,744.39
122 $291,744.39 $1,686.20 $0.00 $1,649.57 $295,080.16
123 $295,080.16 $1,686.20 $0.00 $1,668.43 $298,434.79
124 $298,434.79 $1,686.20 $0.00 $1,687.39 $301,808.38
125 $301,808.38 $1,686.20 $0.00 $1,706.47 $305,201.05
126 $305,201.05 $1,686.20 $0.00 $1,725.65 $308,612.90
127 $308,612.90 $1,686.20 $0.00 $1,744.94 $312,044.04
128 $312,044.04 $1,686.20 $0.00 $1,764.34 $315,494.58
129 $315,494.58 $1,686.20 $0.00 $1,783.85 $318,964.63
130 $318,964.63 $1,686.20 $0.00 $1,803.47 $322,454.30
131 $322,454.30 $1,686.20 $0.00 $1,823.20 $325,963.70
132 $325,963.70 $1,686.20 $0.00 $1,843.05 $329,492.95
133 $329,492.95 $1,686.20 $0.00 $1,863.00 $333,042.15
134 $333,042.15 $1,686.20 $0.00 $1,883.07 $336,611.42
135 $336,611.42 $1,686.20 $0.00 $1,903.25 $340,200.87
136 $340,200.87 $1,686.20 $0.00 $1,923.55 $343,810.62
137 $343,810.62 $1,686.20 $0.00 $1,943.96 $347,440.78
138 $347,440.78 $1,686.20 $0.00 $1,964.48 $351,091.46
139 $351,091.46 $1,686.20 $0.00 $1,985.12 $354,762.78
140 $354,762.78 $1,686.20 $0.00 $2,005.88 $358,454.86
141 $358,454.86 $1,686.20 $0.00 $2,026.76 $362,167.82
142 $362,167.82 $1,686.20 $0.00 $2,047.75 $365,901.77
143 $365,901.77 $1,686.20 $0.00 $2,068.86 $369,656.83
144 $369,656.83 $1,686.20 $0.00 $2,090.09 $373,433.12
145 $373,433.12 $1,686.20 $0.00 $2,111.45 $377,230.77
146 $377,230.77 $1,686.20 $0.00 $2,132.92 $381,049.89
147 $381,049.89 $1,686.20 $0.00 $2,154.51 $384,890.60
148 $384,890.60 $1,686.20 $0.00 $2,176.23 $388,753.03
149 $388,753.03 $1,686.20 $0.00 $2,198.07 $392,637.30
150 $392,637.30 $1,686.20 $0.00 $2,220.03 $396,543.53
151 $396,543.53 $1,686.20 $0.00 $2,242.11 $400,471.84
152 $400,471.84 $1,686.20 $0.00 $2,264.33 $404,422.37
153 $404,422.37 $1,686.20 $0.00 $2,286.66 $408,395.23
154 $408,395.23 $1,686.20 $0.00 $2,309.13 $412,390.56
155 $412,390.56 $1,686.20 $0.00 $2,331.72 $416,408.48
156 $416,408.48 $1,686.20 $0.00 $2,354.43 $420,449.11
157 $420,449.11 $1,686.20 $0.00 $2,377.28 $424,512.59
158 $424,512.59 $1,686.20 $0.00 $2,400.26 $428,599.05
159 $428,599.05 $1,686.20 $0.00 $2,423.36 $432,708.61
160 $432,708.61 $1,686.20 $0.00 $2,446.60 $436,841.41
161 $436,841.41 $1,686.20 $0.00 $2,469.96 $440,997.57
162 $440,997.57 $1,686.20 $0.00 $2,493.46 $445,177.23
163 $445,177.23 $1,686.20 $0.00 $2,517.10 $449,380.53
164 $449,380.53 $1,686.20 $0.00 $2,540.86 $453,607.59
165 $453,607.59 $1,686.20 $0.00 $2,564.76 $457,858.55
166 $457,858.55 $1,686.20 $0.00 $2,588.80 $462,133.55
167 $462,133.55 $1,686.20 $0.00 $2,612.97 $466,432.72
168 $466,432.72 $1,686.20 $0.00 $2,637.28 $470,756.20
169 $470,756.20 $1,686.20 $0.00 $2,661.72 $475,104.12
170 $475,104.12 $1,686.20 $0.00 $2,686.31 $479,476.63
171 $479,476.63 $1,686.20 $0.00 $2,711.03 $483,873.86
172 $483,873.86 $1,686.20 $0.00 $2,735.89 $488,295.95
173 $488,295.95 $1,686.20 $0.00 $2,760.90 $492,743.05
174 $492,743.05 $1,686.20 $0.00 $2,786.04 $497,215.29
175 $497,215.29 $1,686.20 $0.00 $2,811.33 $501,712.82
176 $501,712.82 $1,686.20 $0.00 $2,836.76 $506,235.78
177 $506,235.78 $1,686.20 $0.00 $2,862.33 $510,784.31
178 $510,784.31 $1,686.20 $0.00 $2,888.05 $515,358.56
179 $515,358.56 $1,686.20 $0.00 $2,913.91 $519,958.67
180 $519,958.67 $1,686.20 $0.00 $2,939.92 $524,584.79
181 $524,584.79 $1,686.20 $0.00 $2,966.08 $529,237.07
182 $529,237.07 $1,686.20 $0.00 $2,992.38 $533,915.65
183 $533,915.65 $1,686.20 $0.00 $3,018.84 $538,620.69
184 $538,620.69 $1,686.20 $0.00 $3,045.44 $543,352.33
185 $543,352.33 $1,686.20 $0.00 $3,072.19 $548,110.72
186 $548,110.72 $1,686.20 $0.00 $3,099.10 $552,896.02
187 $552,896.02 $1,686.20 $0.00 $3,126.15 $557,708.37
188 $557,708.37 $1,686.20 $0.00 $3,153.36 $562,547.93
189 $562,547.93 $1,686.20 $0.00 $3,180.73 $567,414.86
190 $567,414.86 $1,686.20 $0.00 $3,208.25 $572,309.31
191 $572,309.31 $1,686.20 $0.00 $3,235.92 $577,231.43
192 $577,231.43 $1,686.20 $0.00 $3,263.75 $582,181.38
193 $582,181.38 $1,686.20 $0.00 $3,291.74 $587,159.32
194 $587,159.32 $1,686.20 $0.00 $3,319.88 $592,165.40
195 $592,165.40 $1,686.20 $0.00 $3,348.19 $597,199.79
196 $597,199.79 $1,686.20 $0.00 $3,376.65 $602,262.64
197 $602,262.64 $1,686.20 $0.00 $3,405.28 $607,354.12
198 $607,354.12 $1,686.20 $0.00 $3,434.07 $612,474.39
199 $612,474.39 $1,686.20 $0.00 $3,463.02 $617,623.61
200 $617,623.61 $1,686.20 $0.00 $3,492.13 $622,801.94
201 $622,801.94 $1,686.20 $0.00 $3,521.41 $628,009.55
202 $628,009.55 $1,686.20 $0.00 $3,550.86 $633,246.61
203 $633,246.61 $1,686.20 $0.00 $3,580.47 $638,513.28
204 $638,513.28 $1,686.20 $0.00 $3,610.25 $643,809.73
205 $643,809.73 $1,686.20 $0.00 $3,640.19 $649,136.12
206 $649,136.12 $1,686.20 $0.00 $3,670.31 $654,492.63
207 $654,492.63 $1,686.20 $0.00 $3,700.60 $659,879.43
208 $659,879.43 $1,686.20 $0.00 $3,731.05 $665,296.68
209 $665,296.68 $1,686.20 $0.00 $3,761.68 $670,744.56
210 $670,744.56 $1,686.20 $0.00 $3,792.49 $676,223.25
211 $676,223.25 $1,686.20 $0.00 $3,823.46 $681,732.91
212 $681,732.91 $1,686.20 $0.00 $3,854.62 $687,273.73
213 $687,273.73 $1,686.20 $0.00 $3,885.95 $692,845.88
214 $692,845.88 $1,686.20 $0.00 $3,917.45 $698,449.53
215 $698,449.53 $1,686.20 $0.00 $3,949.14 $704,084.87
216 $704,084.87 $1,686.20 $0.00 $3,981.00 $709,752.07
217 $709,752.07 $1,686.20 $192,216.75 $4,013.04 $523,234.56
218 $523,234.56 $1,686.20 $0.00 $2,958.44 $527,879.20
219 $527,879.20 $1,686.20 $0.00 $2,984.71 $532,550.11
220 $532,550.11 $1,686.20 $0.00 $3,011.12 $537,247.43
221 $537,247.43 $1,686.20 $0.00 $3,037.68 $541,971.31
222 $541,971.31 $1,686.20 $0.00 $3,064.38 $546,721.89
223 $546,721.89 $1,686.20 $0.00 $3,091.25 $551,499.34
224 $551,499.34 $1,686.20 $0.00 $3,118.26 $556,303.80
225 $556,303.80 $1,686.20 $0.00 $3,145.42 $561,135.42
226 $561,135.42 $1,686.20 $0.00 $3,172.74 $565,994.36
227 $565,994.36 $1,686.20 $0.00 $3,200.21 $570,880.77
228 $570,880.77 $1,686.20 $0.00 $3,227.84 $575,794.81
229 $575,794.81 $1,686.20 $205,671.92 $3,255.63 $375,064.72
230 $375,064.72 $1,686.20 $0.00 $2,120.67 $378,871.59
231 $378,871.59 $1,686.20 $0.00 $2,142.20 $382,699.99
232 $382,699.99 $1,686.20 $0.00 $2,163.84 $386,550.03
233 $386,550.03 $1,686.20 $0.00 $2,185.61 $390,421.84
234 $390,421.84 $1,686.20 $0.00 $2,207.50 $394,315.54
235 $394,315.54 $1,686.20 $0.00 $2,229.52 $398,231.26
236 $398,231.26 $1,686.20 $0.00 $2,251.66 $402,169.12
237 $402,169.12 $1,686.20 $0.00 $2,273.92 $406,129.24
238 $406,129.24 $1,686.20 $0.00 $2,296.31 $410,111.75
239 $410,111.75 $1,686.20 $0.00 $2,318.83 $414,116.78
240 $414,116.78 $1,686.20 $0.00 $2,341.48 $418,144.46
241 $418,144.46 $1,686.20 $220,068.96 $2,364.25 $202,125.95
242 $202,125.95 $1,686.20 $0.00 $1,142.85 $204,955.00
243 $204,955.00 $1,686.20 $0.00 $1,158.85 $207,800.05
244 $207,800.05 $1,686.20 $0.00 $1,174.93 $210,661.18
245 $210,661.18 $1,686.20 $0.00 $1,191.11 $213,538.49
246 $213,538.49 $1,686.20 $0.00 $1,207.38 $216,432.07
247 $216,432.07 $1,686.20 $0.00 $1,223.74 $219,342.01
248 $219,342.01 $1,686.20 $0.00 $1,240.19 $222,268.40
249 $222,268.40 $1,686.20 $0.00 $1,256.74 $225,211.34
250 $225,211.34 $1,686.20 $0.00 $1,273.38 $228,170.92
251 $228,170.92 $1,686.20 $0.00 $1,290.11 $231,147.23
252 $231,147.23 $1,686.20 $0.00 $1,306.94 $234,140.37
253 $234,140.37 $0.00 $235,473.78 $1,323.86 -$9.55