Savings Plan and Future Cost Estimation for Midwestern Baptist Theological Seminary

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$117,446
Monthly savings required$928

How much will it cost to send your child to Midwestern Baptist Theological Seminary in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $469,784.95 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $928.20 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$31,305.00
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 $928.20 $0.00 $0.00 $928.20
2 $928.20 $928.20 $0.00 $5.25 $1,861.65
3 $1,861.65 $928.20 $0.00 $10.53 $2,800.38
4 $2,800.38 $928.20 $0.00 $15.83 $3,744.41
5 $3,744.41 $928.20 $0.00 $21.17 $4,693.78
6 $4,693.78 $928.20 $0.00 $26.54 $5,648.52
7 $5,648.52 $928.20 $0.00 $31.94 $6,608.66
8 $6,608.66 $928.20 $0.00 $37.37 $7,574.23
9 $7,574.23 $928.20 $0.00 $42.83 $8,545.26
10 $8,545.26 $928.20 $0.00 $48.32 $9,521.78
11 $9,521.78 $928.20 $0.00 $53.84 $10,503.82
12 $10,503.82 $928.20 $0.00 $59.39 $11,491.41
13 $11,491.41 $928.20 $0.00 $64.97 $12,484.58
14 $12,484.58 $928.20 $0.00 $70.59 $13,483.37
15 $13,483.37 $928.20 $0.00 $76.24 $14,487.81
16 $14,487.81 $928.20 $0.00 $81.92 $15,497.93
17 $15,497.93 $928.20 $0.00 $87.63 $16,513.76
18 $16,513.76 $928.20 $0.00 $93.37 $17,535.33
19 $17,535.33 $928.20 $0.00 $99.15 $18,562.68
20 $18,562.68 $928.20 $0.00 $104.96 $19,595.84
21 $19,595.84 $928.20 $0.00 $110.80 $20,634.84
22 $20,634.84 $928.20 $0.00 $116.67 $21,679.71
23 $21,679.71 $928.20 $0.00 $122.58 $22,730.49
24 $22,730.49 $928.20 $0.00 $128.52 $23,787.21
25 $23,787.21 $928.20 $0.00 $134.50 $24,849.91
26 $24,849.91 $928.20 $0.00 $140.51 $25,918.62
27 $25,918.62 $928.20 $0.00 $146.55 $26,993.37
28 $26,993.37 $928.20 $0.00 $152.62 $28,074.19
29 $28,074.19 $928.20 $0.00 $158.74 $29,161.13
30 $29,161.13 $928.20 $0.00 $164.88 $30,254.21
31 $30,254.21 $928.20 $0.00 $171.06 $31,353.47
32 $31,353.47 $928.20 $0.00 $177.28 $32,458.95
33 $32,458.95 $928.20 $0.00 $183.53 $33,570.68
34 $33,570.68 $928.20 $0.00 $189.81 $34,688.69
35 $34,688.69 $928.20 $0.00 $196.13 $35,813.02
36 $35,813.02 $928.20 $0.00 $202.49 $36,943.71
37 $36,943.71 $928.20 $0.00 $208.89 $38,080.80
38 $38,080.80 $928.20 $0.00 $215.31 $39,224.31
39 $39,224.31 $928.20 $0.00 $221.78 $40,374.29
40 $40,374.29 $928.20 $0.00 $228.28 $41,530.77
41 $41,530.77 $928.20 $0.00 $234.82 $42,693.79
42 $42,693.79 $928.20 $0.00 $241.40 $43,863.39
43 $43,863.39 $928.20 $0.00 $248.01 $45,039.60
44 $45,039.60 $928.20 $0.00 $254.66 $46,222.46
45 $46,222.46 $928.20 $0.00 $261.35 $47,412.01
46 $47,412.01 $928.20 $0.00 $268.07 $48,608.28
47 $48,608.28 $928.20 $0.00 $274.84 $49,811.32
48 $49,811.32 $928.20 $0.00 $281.64 $51,021.16
49 $51,021.16 $928.20 $0.00 $288.48 $52,237.84
50 $52,237.84 $928.20 $0.00 $295.36 $53,461.40
51 $53,461.40 $928.20 $0.00 $302.28 $54,691.88
52 $54,691.88 $928.20 $0.00 $309.24 $55,929.32
53 $55,929.32 $928.20 $0.00 $316.23 $57,173.75
54 $57,173.75 $928.20 $0.00 $323.27 $58,425.22
55 $58,425.22 $928.20 $0.00 $330.34 $59,683.76
56 $59,683.76 $928.20 $0.00 $337.46 $60,949.42
57 $60,949.42 $928.20 $0.00 $344.62 $62,222.24
58 $62,222.24 $928.20 $0.00 $351.81 $63,502.25
59 $63,502.25 $928.20 $0.00 $359.05 $64,789.50
60 $64,789.50 $928.20 $0.00 $366.33 $66,084.03
61 $66,084.03 $928.20 $0.00 $373.65 $67,385.88
62 $67,385.88 $928.20 $0.00 $381.01 $68,695.09
63 $68,695.09 $928.20 $0.00 $388.41 $70,011.70
64 $70,011.70 $928.20 $0.00 $395.86 $71,335.76
65 $71,335.76 $928.20 $0.00 $403.34 $72,667.30
66 $72,667.30 $928.20 $0.00 $410.87 $74,006.37
67 $74,006.37 $928.20 $0.00 $418.44 $75,353.01
68 $75,353.01 $928.20 $0.00 $426.06 $76,707.27
69 $76,707.27 $928.20 $0.00 $433.71 $78,069.18
70 $78,069.18 $928.20 $0.00 $441.41 $79,438.79
71 $79,438.79 $928.20 $0.00 $449.16 $80,816.15
72 $80,816.15 $928.20 $0.00 $456.95 $82,201.30
73 $82,201.30 $928.20 $0.00 $464.78 $83,594.28
74 $83,594.28 $928.20 $0.00 $472.65 $84,995.13
75 $84,995.13 $928.20 $0.00 $480.57 $86,403.90
76 $86,403.90 $928.20 $0.00 $488.54 $87,820.64
77 $87,820.64 $928.20 $0.00 $496.55 $89,245.39
78 $89,245.39 $928.20 $0.00 $504.61 $90,678.20
79 $90,678.20 $928.20 $0.00 $512.71 $92,119.11
80 $92,119.11 $928.20 $0.00 $520.85 $93,568.16
81 $93,568.16 $928.20 $0.00 $529.05 $95,025.41
82 $95,025.41 $928.20 $0.00 $537.29 $96,490.90
83 $96,490.90 $928.20 $0.00 $545.57 $97,964.67
84 $97,964.67 $928.20 $0.00 $553.91 $99,446.78
85 $99,446.78 $928.20 $0.00 $562.29 $100,937.27
86 $100,937.27 $928.20 $0.00 $570.71 $102,436.18
87 $102,436.18 $928.20 $0.00 $579.19 $103,943.57
88 $103,943.57 $928.20 $0.00 $587.71 $105,459.48
89 $105,459.48 $928.20 $0.00 $596.28 $106,983.96
90 $106,983.96 $928.20 $0.00 $604.90 $108,517.06
91 $108,517.06 $928.20 $0.00 $613.57 $110,058.83
92 $110,058.83 $928.20 $0.00 $622.29 $111,609.32
93 $111,609.32 $928.20 $0.00 $631.06 $113,168.58
94 $113,168.58 $928.20 $0.00 $639.87 $114,736.65
95 $114,736.65 $928.20 $0.00 $648.74 $116,313.59
96 $116,313.59 $928.20 $0.00 $657.65 $117,899.44
97 $117,899.44 $928.20 $0.00 $666.62 $119,494.26
98 $119,494.26 $928.20 $0.00 $675.64 $121,098.10
99 $121,098.10 $928.20 $0.00 $684.71 $122,711.01
100 $122,711.01 $928.20 $0.00 $693.83 $124,333.04
101 $124,333.04 $928.20 $0.00 $703.00 $125,964.24
102 $125,964.24 $928.20 $0.00 $712.22 $127,604.66
103 $127,604.66 $928.20 $0.00 $721.50 $129,254.36
104 $129,254.36 $928.20 $0.00 $730.82 $130,913.38
105 $130,913.38 $928.20 $0.00 $740.20 $132,581.78
106 $132,581.78 $928.20 $0.00 $749.64 $134,259.62
107 $134,259.62 $928.20 $0.00 $759.12 $135,946.94
108 $135,946.94 $928.20 $0.00 $768.66 $137,643.80
109 $137,643.80 $928.20 $0.00 $778.26 $139,350.26
110 $139,350.26 $928.20 $0.00 $787.91 $141,066.37
111 $141,066.37 $928.20 $0.00 $797.61 $142,792.18
112 $142,792.18 $928.20 $0.00 $807.37 $144,527.75
113 $144,527.75 $928.20 $0.00 $817.18 $146,273.13
114 $146,273.13 $928.20 $0.00 $827.05 $148,028.38
115 $148,028.38 $928.20 $0.00 $836.97 $149,793.55
116 $149,793.55 $928.20 $0.00 $846.95 $151,568.70
117 $151,568.70 $928.20 $0.00 $856.99 $153,353.89
118 $153,353.89 $928.20 $0.00 $867.09 $155,149.18
119 $155,149.18 $928.20 $0.00 $877.24 $156,954.62
120 $156,954.62 $928.20 $0.00 $887.44 $158,770.26
121 $158,770.26 $928.20 $0.00 $897.71 $160,596.17
122 $160,596.17 $928.20 $0.00 $908.03 $162,432.40
123 $162,432.40 $928.20 $0.00 $918.42 $164,279.02
124 $164,279.02 $928.20 $0.00 $928.86 $166,136.08
125 $166,136.08 $928.20 $0.00 $939.36 $168,003.64
126 $168,003.64 $928.20 $0.00 $949.92 $169,881.76
127 $169,881.76 $928.20 $0.00 $960.54 $171,770.50
128 $171,770.50 $928.20 $0.00 $971.22 $173,669.92
129 $173,669.92 $928.20 $0.00 $981.95 $175,580.07
130 $175,580.07 $928.20 $0.00 $992.76 $177,501.03
131 $177,501.03 $928.20 $0.00 $1,003.62 $179,432.85
132 $179,432.85 $928.20 $0.00 $1,014.54 $181,375.59
133 $181,375.59 $928.20 $0.00 $1,025.52 $183,329.31
134 $183,329.31 $928.20 $0.00 $1,036.57 $185,294.08
135 $185,294.08 $928.20 $0.00 $1,047.68 $187,269.96
136 $187,269.96 $928.20 $0.00 $1,058.85 $189,257.01
137 $189,257.01 $928.20 $0.00 $1,070.09 $191,255.30
138 $191,255.30 $928.20 $0.00 $1,081.39 $193,264.89
139 $193,264.89 $928.20 $0.00 $1,092.75 $195,285.84
140 $195,285.84 $928.20 $0.00 $1,104.17 $197,318.21
141 $197,318.21 $928.20 $0.00 $1,115.67 $199,362.08
142 $199,362.08 $928.20 $0.00 $1,127.22 $201,417.50
143 $201,417.50 $928.20 $0.00 $1,138.84 $203,484.54
144 $203,484.54 $928.20 $0.00 $1,150.53 $205,563.27
145 $205,563.27 $928.20 $0.00 $1,162.28 $207,653.75
146 $207,653.75 $928.20 $0.00 $1,174.10 $209,756.05
147 $209,756.05 $928.20 $0.00 $1,185.99 $211,870.24
148 $211,870.24 $928.20 $0.00 $1,197.95 $213,996.39
149 $213,996.39 $928.20 $0.00 $1,209.97 $216,134.56
150 $216,134.56 $928.20 $0.00 $1,222.06 $218,284.82
151 $218,284.82 $928.20 $0.00 $1,234.21 $220,447.23
152 $220,447.23 $928.20 $0.00 $1,246.44 $222,621.87
153 $222,621.87 $928.20 $0.00 $1,258.74 $224,808.81
154 $224,808.81 $928.20 $0.00 $1,271.10 $227,008.11
155 $227,008.11 $928.20 $0.00 $1,283.54 $229,219.85
156 $229,219.85 $928.20 $0.00 $1,296.04 $231,444.09
157 $231,444.09 $928.20 $0.00 $1,308.62 $233,680.91
158 $233,680.91 $928.20 $0.00 $1,321.27 $235,930.38
159 $235,930.38 $928.20 $0.00 $1,333.98 $238,192.56
160 $238,192.56 $928.20 $0.00 $1,346.78 $240,467.54
161 $240,467.54 $928.20 $0.00 $1,359.64 $242,755.38
162 $242,755.38 $928.20 $0.00 $1,372.57 $245,056.15
163 $245,056.15 $928.20 $0.00 $1,385.58 $247,369.93
164 $247,369.93 $928.20 $0.00 $1,398.67 $249,696.80
165 $249,696.80 $928.20 $0.00 $1,411.82 $252,036.82
166 $252,036.82 $928.20 $0.00 $1,425.05 $254,390.07
167 $254,390.07 $928.20 $0.00 $1,438.36 $256,756.63
168 $256,756.63 $928.20 $0.00 $1,451.74 $259,136.57
169 $259,136.57 $928.20 $0.00 $1,465.20 $261,529.97
170 $261,529.97 $928.20 $0.00 $1,478.73 $263,936.90
171 $263,936.90 $928.20 $0.00 $1,492.34 $266,357.44
172 $266,357.44 $928.20 $0.00 $1,506.02 $268,791.66
173 $268,791.66 $928.20 $0.00 $1,519.79 $271,239.65
174 $271,239.65 $928.20 $0.00 $1,533.63 $273,701.48
175 $273,701.48 $928.20 $0.00 $1,547.55 $276,177.23
176 $276,177.23 $928.20 $0.00 $1,561.55 $278,666.98
177 $278,666.98 $928.20 $0.00 $1,575.62 $281,170.80
178 $281,170.80 $928.20 $0.00 $1,589.78 $283,688.78
179 $283,688.78 $928.20 $0.00 $1,604.02 $286,221.00
180 $286,221.00 $928.20 $0.00 $1,618.34 $288,767.54
181 $288,767.54 $928.20 $0.00 $1,632.73 $291,328.47
182 $291,328.47 $928.20 $0.00 $1,647.21 $293,903.88
183 $293,903.88 $928.20 $0.00 $1,661.78 $296,493.86
184 $296,493.86 $928.20 $0.00 $1,676.42 $299,098.48
185 $299,098.48 $928.20 $0.00 $1,691.15 $301,717.83
186 $301,717.83 $928.20 $0.00 $1,705.96 $304,351.99
187 $304,351.99 $928.20 $0.00 $1,720.85 $307,001.04
188 $307,001.04 $928.20 $0.00 $1,735.83 $309,665.07
189 $309,665.07 $928.20 $0.00 $1,750.89 $312,344.16
190 $312,344.16 $928.20 $0.00 $1,766.04 $315,038.40
191 $315,038.40 $928.20 $0.00 $1,781.27 $317,747.87
192 $317,747.87 $928.20 $0.00 $1,796.59 $320,472.66
193 $320,472.66 $928.20 $0.00 $1,812.00 $323,212.86
194 $323,212.86 $928.20 $0.00 $1,827.49 $325,968.55
195 $325,968.55 $928.20 $0.00 $1,843.07 $328,739.82
196 $328,739.82 $928.20 $0.00 $1,858.74 $331,526.76
197 $331,526.76 $928.20 $0.00 $1,874.50 $334,329.46
198 $334,329.46 $928.20 $0.00 $1,890.35 $337,148.01
199 $337,148.01 $928.20 $0.00 $1,906.28 $339,982.49
200 $339,982.49 $928.20 $0.00 $1,922.31 $342,833.00
201 $342,833.00 $928.20 $0.00 $1,938.43 $345,699.63
202 $345,699.63 $928.20 $0.00 $1,954.64 $348,582.47
203 $348,582.47 $928.20 $0.00 $1,970.94 $351,481.61
204 $351,481.61 $928.20 $0.00 $1,987.33 $354,397.14
205 $354,397.14 $928.20 $0.00 $2,003.81 $357,329.15
206 $357,329.15 $928.20 $0.00 $2,020.39 $360,277.74
207 $360,277.74 $928.20 $0.00 $2,037.06 $363,243.00
208 $363,243.00 $928.20 $0.00 $2,053.83 $366,225.03
209 $366,225.03 $928.20 $0.00 $2,070.69 $369,223.92
210 $369,223.92 $928.20 $0.00 $2,087.65 $372,239.77
211 $372,239.77 $928.20 $0.00 $2,104.70 $375,272.67
212 $375,272.67 $928.20 $0.00 $2,121.85 $378,322.72
213 $378,322.72 $928.20 $0.00 $2,139.09 $381,390.01
214 $381,390.01 $928.20 $0.00 $2,156.43 $384,474.64
215 $384,474.64 $928.20 $0.00 $2,173.88 $387,576.72
216 $387,576.72 $928.20 $0.00 $2,191.42 $390,696.34
217 $390,696.34 $928.20 $105,808.78 $2,209.05 $288,024.81
218 $288,024.81 $928.20 $0.00 $1,628.53 $290,581.54
219 $290,581.54 $928.20 $0.00 $1,642.99 $293,152.73
220 $293,152.73 $928.20 $0.00 $1,657.53 $295,738.46
221 $295,738.46 $928.20 $0.00 $1,672.15 $298,338.81
222 $298,338.81 $928.20 $0.00 $1,686.85 $300,953.86
223 $300,953.86 $928.20 $0.00 $1,701.64 $303,583.70
224 $303,583.70 $928.20 $0.00 $1,716.51 $306,228.41
225 $306,228.41 $928.20 $0.00 $1,731.46 $308,888.07
226 $308,888.07 $928.20 $0.00 $1,746.50 $311,562.77
227 $311,562.77 $928.20 $0.00 $1,761.62 $314,252.59
228 $314,252.59 $928.20 $0.00 $1,776.83 $316,957.62
229 $316,957.62 $928.20 $113,215.39 $1,792.12 $206,462.55
230 $206,462.55 $928.20 $0.00 $1,167.37 $208,558.12
231 $208,558.12 $928.20 $0.00 $1,179.22 $210,665.54
232 $210,665.54 $928.20 $0.00 $1,191.13 $212,784.87
233 $212,784.87 $928.20 $0.00 $1,203.12 $214,916.19
234 $214,916.19 $928.20 $0.00 $1,215.17 $217,059.56
235 $217,059.56 $928.20 $0.00 $1,227.29 $219,215.05
236 $219,215.05 $928.20 $0.00 $1,239.47 $221,382.72
237 $221,382.72 $928.20 $0.00 $1,251.73 $223,562.65
238 $223,562.65 $928.20 $0.00 $1,264.06 $225,754.91
239 $225,754.91 $928.20 $0.00 $1,276.45 $227,959.56
240 $227,959.56 $928.20 $0.00 $1,288.92 $230,176.68
241 $230,176.68 $928.20 $121,140.47 $1,301.45 $111,265.86
242 $111,265.86 $928.20 $0.00 $629.11 $112,823.17
243 $112,823.17 $928.20 $0.00 $637.92 $114,389.29
244 $114,389.29 $928.20 $0.00 $646.77 $115,964.26
245 $115,964.26 $928.20 $0.00 $655.68 $117,548.14
246 $117,548.14 $928.20 $0.00 $664.63 $119,140.97
247 $119,140.97 $928.20 $0.00 $673.64 $120,742.81
248 $120,742.81 $928.20 $0.00 $682.70 $122,353.71
249 $122,353.71 $928.20 $0.00 $691.81 $123,973.72
250 $123,973.72 $928.20 $0.00 $700.97 $125,602.89
251 $125,602.89 $928.20 $0.00 $710.18 $127,241.27
252 $127,241.27 $928.20 $0.00 $719.44 $128,888.91
253 $128,888.91 $0.00 $129,620.31 $728.76 -$2.64