Savings Plan and Future Cost Estimation for Belmont Abbey College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$127,519
Monthly savings required$1,008

How much will it cost to send your child to Belmont Abbey College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $510,077.96 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,007.81 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$33,990.00
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 $1,007.81 $0.00 $0.00 $1,007.81
2 $1,007.81 $1,007.81 $0.00 $5.70 $2,021.32
3 $2,021.32 $1,007.81 $0.00 $11.43 $3,040.56
4 $3,040.56 $1,007.81 $0.00 $17.19 $4,065.56
5 $4,065.56 $1,007.81 $0.00 $22.99 $5,096.36
6 $5,096.36 $1,007.81 $0.00 $28.82 $6,132.99
7 $6,132.99 $1,007.81 $0.00 $34.68 $7,175.48
8 $7,175.48 $1,007.81 $0.00 $40.57 $8,223.86
9 $8,223.86 $1,007.81 $0.00 $46.50 $9,278.17
10 $9,278.17 $1,007.81 $0.00 $52.46 $10,338.44
11 $10,338.44 $1,007.81 $0.00 $58.46 $11,404.71
12 $11,404.71 $1,007.81 $0.00 $64.48 $12,477.00
13 $12,477.00 $1,007.81 $0.00 $70.55 $13,555.36
14 $13,555.36 $1,007.81 $0.00 $76.64 $14,639.81
15 $14,639.81 $1,007.81 $0.00 $82.78 $15,730.40
16 $15,730.40 $1,007.81 $0.00 $88.94 $16,827.15
17 $16,827.15 $1,007.81 $0.00 $95.14 $17,930.10
18 $17,930.10 $1,007.81 $0.00 $101.38 $19,039.29
19 $19,039.29 $1,007.81 $0.00 $107.65 $20,154.75
20 $20,154.75 $1,007.81 $0.00 $113.96 $21,276.52
21 $21,276.52 $1,007.81 $0.00 $120.30 $22,404.63
22 $22,404.63 $1,007.81 $0.00 $126.68 $23,539.12
23 $23,539.12 $1,007.81 $0.00 $133.09 $24,680.02
24 $24,680.02 $1,007.81 $0.00 $139.54 $25,827.37
25 $25,827.37 $1,007.81 $0.00 $146.03 $26,981.21
26 $26,981.21 $1,007.81 $0.00 $152.56 $28,141.58
27 $28,141.58 $1,007.81 $0.00 $159.12 $29,308.51
28 $29,308.51 $1,007.81 $0.00 $165.71 $30,482.03
29 $30,482.03 $1,007.81 $0.00 $172.35 $31,662.19
30 $31,662.19 $1,007.81 $0.00 $179.02 $32,849.02
31 $32,849.02 $1,007.81 $0.00 $185.73 $34,042.56
32 $34,042.56 $1,007.81 $0.00 $192.48 $35,242.85
33 $35,242.85 $1,007.81 $0.00 $199.27 $36,449.93
34 $36,449.93 $1,007.81 $0.00 $206.09 $37,663.83
35 $37,663.83 $1,007.81 $0.00 $212.96 $38,884.60
36 $38,884.60 $1,007.81 $0.00 $219.86 $40,112.27
37 $40,112.27 $1,007.81 $0.00 $226.80 $41,346.88
38 $41,346.88 $1,007.81 $0.00 $233.78 $42,588.47
39 $42,588.47 $1,007.81 $0.00 $240.80 $43,837.08
40 $43,837.08 $1,007.81 $0.00 $247.86 $45,092.75
41 $45,092.75 $1,007.81 $0.00 $254.96 $46,355.52
42 $46,355.52 $1,007.81 $0.00 $262.10 $47,625.43
43 $47,625.43 $1,007.81 $0.00 $269.28 $48,902.52
44 $48,902.52 $1,007.81 $0.00 $276.50 $50,186.83
45 $50,186.83 $1,007.81 $0.00 $283.76 $51,478.40
46 $51,478.40 $1,007.81 $0.00 $291.07 $52,777.28
47 $52,777.28 $1,007.81 $0.00 $298.41 $54,083.50
48 $54,083.50 $1,007.81 $0.00 $305.80 $55,397.11
49 $55,397.11 $1,007.81 $0.00 $313.22 $56,718.14
50 $56,718.14 $1,007.81 $0.00 $320.69 $58,046.64
51 $58,046.64 $1,007.81 $0.00 $328.20 $59,382.65
52 $59,382.65 $1,007.81 $0.00 $335.76 $60,726.22
53 $60,726.22 $1,007.81 $0.00 $343.35 $62,077.38
54 $62,077.38 $1,007.81 $0.00 $350.99 $63,436.18
55 $63,436.18 $1,007.81 $0.00 $358.68 $64,802.67
56 $64,802.67 $1,007.81 $0.00 $366.40 $66,176.88
57 $66,176.88 $1,007.81 $0.00 $374.17 $67,558.86
58 $67,558.86 $1,007.81 $0.00 $381.99 $68,948.66
59 $68,948.66 $1,007.81 $0.00 $389.85 $70,346.32
60 $70,346.32 $1,007.81 $0.00 $397.75 $71,751.88
61 $71,751.88 $1,007.81 $0.00 $405.70 $73,165.39
62 $73,165.39 $1,007.81 $0.00 $413.69 $74,586.89
63 $74,586.89 $1,007.81 $0.00 $421.73 $76,016.43
64 $76,016.43 $1,007.81 $0.00 $429.81 $77,454.05
65 $77,454.05 $1,007.81 $0.00 $437.94 $78,899.80
66 $78,899.80 $1,007.81 $0.00 $446.11 $80,353.72
67 $80,353.72 $1,007.81 $0.00 $454.33 $81,815.86
68 $81,815.86 $1,007.81 $0.00 $462.60 $83,286.27
69 $83,286.27 $1,007.81 $0.00 $470.91 $84,764.99
70 $84,764.99 $1,007.81 $0.00 $479.27 $86,252.07
71 $86,252.07 $1,007.81 $0.00 $487.68 $87,747.56
72 $87,747.56 $1,007.81 $0.00 $496.14 $89,251.51
73 $89,251.51 $1,007.81 $0.00 $504.64 $90,763.96
74 $90,763.96 $1,007.81 $0.00 $513.19 $92,284.96
75 $92,284.96 $1,007.81 $0.00 $521.79 $93,814.56
76 $93,814.56 $1,007.81 $0.00 $530.44 $95,352.81
77 $95,352.81 $1,007.81 $0.00 $539.14 $96,899.76
78 $96,899.76 $1,007.81 $0.00 $547.89 $98,455.46
79 $98,455.46 $1,007.81 $0.00 $556.68 $100,019.95
80 $100,019.95 $1,007.81 $0.00 $565.53 $101,593.29
81 $101,593.29 $1,007.81 $0.00 $574.42 $103,175.52
82 $103,175.52 $1,007.81 $0.00 $583.37 $104,766.70
83 $104,766.70 $1,007.81 $0.00 $592.37 $106,366.88
84 $106,366.88 $1,007.81 $0.00 $601.41 $107,976.10
85 $107,976.10 $1,007.81 $0.00 $610.51 $109,594.42
86 $109,594.42 $1,007.81 $0.00 $619.66 $111,221.89
87 $111,221.89 $1,007.81 $0.00 $628.86 $112,858.56
88 $112,858.56 $1,007.81 $0.00 $638.12 $114,504.49
89 $114,504.49 $1,007.81 $0.00 $647.43 $116,159.73
90 $116,159.73 $1,007.81 $0.00 $656.78 $117,824.32
91 $117,824.32 $1,007.81 $0.00 $666.20 $119,498.33
92 $119,498.33 $1,007.81 $0.00 $675.66 $121,181.80
93 $121,181.80 $1,007.81 $0.00 $685.18 $122,874.79
94 $122,874.79 $1,007.81 $0.00 $694.75 $124,577.35
95 $124,577.35 $1,007.81 $0.00 $704.38 $126,289.54
96 $126,289.54 $1,007.81 $0.00 $714.06 $128,011.41
97 $128,011.41 $1,007.81 $0.00 $723.80 $129,743.02
98 $129,743.02 $1,007.81 $0.00 $733.59 $131,484.42
99 $131,484.42 $1,007.81 $0.00 $743.43 $133,235.66
100 $133,235.66 $1,007.81 $0.00 $753.33 $134,996.80
101 $134,996.80 $1,007.81 $0.00 $763.29 $136,767.90
102 $136,767.90 $1,007.81 $0.00 $773.31 $138,549.02
103 $138,549.02 $1,007.81 $0.00 $783.38 $140,340.21
104 $140,340.21 $1,007.81 $0.00 $793.50 $142,141.52
105 $142,141.52 $1,007.81 $0.00 $803.69 $143,953.02
106 $143,953.02 $1,007.81 $0.00 $813.93 $145,774.76
107 $145,774.76 $1,007.81 $0.00 $824.23 $147,606.80
108 $147,606.80 $1,007.81 $0.00 $834.59 $149,449.20
109 $149,449.20 $1,007.81 $0.00 $845.01 $151,302.02
110 $151,302.02 $1,007.81 $0.00 $855.48 $153,165.31
111 $153,165.31 $1,007.81 $0.00 $866.02 $155,039.14
112 $155,039.14 $1,007.81 $0.00 $876.61 $156,923.56
113 $156,923.56 $1,007.81 $0.00 $887.27 $158,818.64
114 $158,818.64 $1,007.81 $0.00 $897.98 $160,724.43
115 $160,724.43 $1,007.81 $0.00 $908.76 $162,641.00
116 $162,641.00 $1,007.81 $0.00 $919.60 $164,568.41
117 $164,568.41 $1,007.81 $0.00 $930.49 $166,506.71
118 $166,506.71 $1,007.81 $0.00 $941.45 $168,455.97
119 $168,455.97 $1,007.81 $0.00 $952.47 $170,416.25
120 $170,416.25 $1,007.81 $0.00 $963.56 $172,387.62
121 $172,387.62 $1,007.81 $0.00 $974.70 $174,370.13
122 $174,370.13 $1,007.81 $0.00 $985.91 $176,363.85
123 $176,363.85 $1,007.81 $0.00 $997.19 $178,368.85
124 $178,368.85 $1,007.81 $0.00 $1,008.52 $180,385.18
125 $180,385.18 $1,007.81 $0.00 $1,019.92 $182,412.91
126 $182,412.91 $1,007.81 $0.00 $1,031.39 $184,452.11
127 $184,452.11 $1,007.81 $0.00 $1,042.92 $186,502.84
128 $186,502.84 $1,007.81 $0.00 $1,054.51 $188,565.16
129 $188,565.16 $1,007.81 $0.00 $1,066.17 $190,639.14
130 $190,639.14 $1,007.81 $0.00 $1,077.90 $192,724.85
131 $192,724.85 $1,007.81 $0.00 $1,089.69 $194,822.35
132 $194,822.35 $1,007.81 $0.00 $1,101.55 $196,931.71
133 $196,931.71 $1,007.81 $0.00 $1,113.48 $199,053.00
134 $199,053.00 $1,007.81 $0.00 $1,125.47 $201,186.28
135 $201,186.28 $1,007.81 $0.00 $1,137.54 $203,331.63
136 $203,331.63 $1,007.81 $0.00 $1,149.67 $205,489.11
137 $205,489.11 $1,007.81 $0.00 $1,161.87 $207,658.79
138 $207,658.79 $1,007.81 $0.00 $1,174.13 $209,840.73
139 $209,840.73 $1,007.81 $0.00 $1,186.47 $212,035.01
140 $212,035.01 $1,007.81 $0.00 $1,198.88 $214,241.70
141 $214,241.70 $1,007.81 $0.00 $1,211.35 $216,460.86
142 $216,460.86 $1,007.81 $0.00 $1,223.90 $218,692.57
143 $218,692.57 $1,007.81 $0.00 $1,236.52 $220,936.90
144 $220,936.90 $1,007.81 $0.00 $1,249.21 $223,193.92
145 $223,193.92 $1,007.81 $0.00 $1,261.97 $225,463.70
146 $225,463.70 $1,007.81 $0.00 $1,274.80 $227,746.31
147 $227,746.31 $1,007.81 $0.00 $1,287.71 $230,041.83
148 $230,041.83 $1,007.81 $0.00 $1,300.69 $232,350.33
149 $232,350.33 $1,007.81 $0.00 $1,313.74 $234,671.88
150 $234,671.88 $1,007.81 $0.00 $1,326.87 $237,006.56
151 $237,006.56 $1,007.81 $0.00 $1,340.07 $239,354.44
152 $239,354.44 $1,007.81 $0.00 $1,353.34 $241,715.59
153 $241,715.59 $1,007.81 $0.00 $1,366.70 $244,090.10
154 $244,090.10 $1,007.81 $0.00 $1,380.12 $246,478.03
155 $246,478.03 $1,007.81 $0.00 $1,393.62 $248,879.46
156 $248,879.46 $1,007.81 $0.00 $1,407.20 $251,294.47
157 $251,294.47 $1,007.81 $0.00 $1,420.86 $253,723.14
158 $253,723.14 $1,007.81 $0.00 $1,434.59 $256,165.54
159 $256,165.54 $1,007.81 $0.00 $1,448.40 $258,621.75
160 $258,621.75 $1,007.81 $0.00 $1,462.28 $261,091.84
161 $261,091.84 $1,007.81 $0.00 $1,476.25 $263,575.90
162 $263,575.90 $1,007.81 $0.00 $1,490.30 $266,074.01
163 $266,074.01 $1,007.81 $0.00 $1,504.42 $268,586.24
164 $268,586.24 $1,007.81 $0.00 $1,518.63 $271,112.68
165 $271,112.68 $1,007.81 $0.00 $1,532.91 $273,653.40
166 $273,653.40 $1,007.81 $0.00 $1,547.28 $276,208.49
167 $276,208.49 $1,007.81 $0.00 $1,561.72 $278,778.02
168 $278,778.02 $1,007.81 $0.00 $1,576.25 $281,362.08
169 $281,362.08 $1,007.81 $0.00 $1,590.86 $283,960.75
170 $283,960.75 $1,007.81 $0.00 $1,605.56 $286,574.12
171 $286,574.12 $1,007.81 $0.00 $1,620.33 $289,202.26
172 $289,202.26 $1,007.81 $0.00 $1,635.19 $291,845.26
173 $291,845.26 $1,007.81 $0.00 $1,650.14 $294,503.21
174 $294,503.21 $1,007.81 $0.00 $1,665.16 $297,176.18
175 $297,176.18 $1,007.81 $0.00 $1,680.28 $299,864.27
176 $299,864.27 $1,007.81 $0.00 $1,695.48 $302,567.56
177 $302,567.56 $1,007.81 $0.00 $1,710.76 $305,286.13
178 $305,286.13 $1,007.81 $0.00 $1,726.13 $308,020.07
179 $308,020.07 $1,007.81 $0.00 $1,741.59 $310,769.47
180 $310,769.47 $1,007.81 $0.00 $1,757.14 $313,534.42
181 $313,534.42 $1,007.81 $0.00 $1,772.77 $316,315.00
182 $316,315.00 $1,007.81 $0.00 $1,788.49 $319,111.30
183 $319,111.30 $1,007.81 $0.00 $1,804.30 $321,923.41
184 $321,923.41 $1,007.81 $0.00 $1,820.20 $324,751.42
185 $324,751.42 $1,007.81 $0.00 $1,836.19 $327,595.42
186 $327,595.42 $1,007.81 $0.00 $1,852.27 $330,455.50
187 $330,455.50 $1,007.81 $0.00 $1,868.44 $333,331.75
188 $333,331.75 $1,007.81 $0.00 $1,884.71 $336,224.27
189 $336,224.27 $1,007.81 $0.00 $1,901.06 $339,133.14
190 $339,133.14 $1,007.81 $0.00 $1,917.51 $342,058.46
191 $342,058.46 $1,007.81 $0.00 $1,934.05 $345,000.32
192 $345,000.32 $1,007.81 $0.00 $1,950.68 $347,958.81
193 $347,958.81 $1,007.81 $0.00 $1,967.41 $350,934.03
194 $350,934.03 $1,007.81 $0.00 $1,984.23 $353,926.07
195 $353,926.07 $1,007.81 $0.00 $2,001.15 $356,935.03
196 $356,935.03 $1,007.81 $0.00 $2,018.16 $359,961.00
197 $359,961.00 $1,007.81 $0.00 $2,035.27 $363,004.08
198 $363,004.08 $1,007.81 $0.00 $2,052.48 $366,064.37
199 $366,064.37 $1,007.81 $0.00 $2,069.78 $369,141.96
200 $369,141.96 $1,007.81 $0.00 $2,087.18 $372,236.95
201 $372,236.95 $1,007.81 $0.00 $2,104.68 $375,349.44
202 $375,349.44 $1,007.81 $0.00 $2,122.28 $378,479.53
203 $378,479.53 $1,007.81 $0.00 $2,139.98 $381,627.32
204 $381,627.32 $1,007.81 $0.00 $2,157.78 $384,792.91
205 $384,792.91 $1,007.81 $0.00 $2,175.68 $387,976.40
206 $387,976.40 $1,007.81 $0.00 $2,193.67 $391,177.88
207 $391,177.88 $1,007.81 $0.00 $2,211.78 $394,397.47
208 $394,397.47 $1,007.81 $0.00 $2,229.98 $397,635.26
209 $397,635.26 $1,007.81 $0.00 $2,248.29 $400,891.36
210 $400,891.36 $1,007.81 $0.00 $2,266.70 $404,165.87
211 $404,165.87 $1,007.81 $0.00 $2,285.21 $407,458.89
212 $407,458.89 $1,007.81 $0.00 $2,303.83 $410,770.53
213 $410,770.53 $1,007.81 $0.00 $2,322.56 $414,100.90
214 $414,100.90 $1,007.81 $0.00 $2,341.39 $417,450.10
215 $417,450.10 $1,007.81 $0.00 $2,360.32 $420,818.23
216 $420,818.23 $1,007.81 $0.00 $2,379.37 $424,205.41
217 $424,205.41 $1,007.81 $114,883.90 $2,398.52 $312,727.84
218 $312,727.84 $1,007.81 $0.00 $1,768.21 $315,503.86
219 $315,503.86 $1,007.81 $0.00 $1,783.90 $318,295.57
220 $318,295.57 $1,007.81 $0.00 $1,799.69 $321,103.07
221 $321,103.07 $1,007.81 $0.00 $1,815.56 $323,926.44
222 $323,926.44 $1,007.81 $0.00 $1,831.53 $326,765.78
223 $326,765.78 $1,007.81 $0.00 $1,847.58 $329,621.17
224 $329,621.17 $1,007.81 $0.00 $1,863.73 $332,492.71
225 $332,492.71 $1,007.81 $0.00 $1,879.96 $335,380.48
226 $335,380.48 $1,007.81 $0.00 $1,896.29 $338,284.58
227 $338,284.58 $1,007.81 $0.00 $1,912.71 $341,205.10
228 $341,205.10 $1,007.81 $0.00 $1,929.22 $344,142.13
229 $344,142.13 $1,007.81 $122,925.77 $1,945.83 $224,170.00
230 $224,170.00 $1,007.81 $0.00 $1,267.49 $226,445.30
231 $226,445.30 $1,007.81 $0.00 $1,280.35 $228,733.46
232 $228,733.46 $1,007.81 $0.00 $1,293.29 $231,034.56
233 $231,034.56 $1,007.81 $0.00 $1,306.30 $233,348.67
234 $233,348.67 $1,007.81 $0.00 $1,319.39 $235,675.87
235 $235,675.87 $1,007.81 $0.00 $1,332.55 $238,016.23
236 $238,016.23 $1,007.81 $0.00 $1,345.78 $240,369.82
237 $240,369.82 $1,007.81 $0.00 $1,359.09 $242,736.72
238 $242,736.72 $1,007.81 $0.00 $1,372.47 $245,117.00
239 $245,117.00 $1,007.81 $0.00 $1,385.93 $247,510.74
240 $247,510.74 $1,007.81 $0.00 $1,399.46 $249,918.01
241 $249,918.01 $1,007.81 $131,530.57 $1,413.07 $120,808.32
242 $120,808.32 $1,007.81 $0.00 $683.07 $122,499.20
243 $122,499.20 $1,007.81 $0.00 $692.63 $124,199.64
244 $124,199.64 $1,007.81 $0.00 $702.24 $125,909.69
245 $125,909.69 $1,007.81 $0.00 $711.91 $127,629.41
246 $127,629.41 $1,007.81 $0.00 $721.64 $129,358.86
247 $129,358.86 $1,007.81 $0.00 $731.41 $131,098.08
248 $131,098.08 $1,007.81 $0.00 $741.25 $132,847.14
249 $132,847.14 $1,007.81 $0.00 $751.14 $134,606.09
250 $134,606.09 $1,007.81 $0.00 $761.08 $136,374.98
251 $136,374.98 $1,007.81 $0.00 $771.08 $138,153.87
252 $138,153.87 $1,007.81 $0.00 $781.14 $139,942.82
253 $139,942.82 $0.00 $140,737.72 $791.26 -$3.64