Savings Plan and Future Cost Estimation for Cincinnati Christian University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$125,824
Monthly savings required$994

How much will it cost to send your child to Cincinnati Christian University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $503,294.93 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $994.41 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$33,538.00
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 $994.41 $0.00 $0.00 $994.41
2 $994.41 $994.41 $0.00 $5.62 $1,994.44
3 $1,994.44 $994.41 $0.00 $11.28 $3,000.13
4 $3,000.13 $994.41 $0.00 $16.96 $4,011.50
5 $4,011.50 $994.41 $0.00 $22.68 $5,028.59
6 $5,028.59 $994.41 $0.00 $28.43 $6,051.43
7 $6,051.43 $994.41 $0.00 $34.22 $7,080.06
8 $7,080.06 $994.41 $0.00 $40.03 $8,114.50
9 $8,114.50 $994.41 $0.00 $45.88 $9,154.79
10 $9,154.79 $994.41 $0.00 $51.76 $10,200.96
11 $10,200.96 $994.41 $0.00 $57.68 $11,253.05
12 $11,253.05 $994.41 $0.00 $63.63 $12,311.09
13 $12,311.09 $994.41 $0.00 $69.61 $13,375.11
14 $13,375.11 $994.41 $0.00 $75.62 $14,445.14
15 $14,445.14 $994.41 $0.00 $81.67 $15,521.22
16 $15,521.22 $994.41 $0.00 $87.76 $16,603.39
17 $16,603.39 $994.41 $0.00 $93.88 $17,691.68
18 $17,691.68 $994.41 $0.00 $100.03 $18,786.12
19 $18,786.12 $994.41 $0.00 $106.22 $19,886.75
20 $19,886.75 $994.41 $0.00 $112.44 $20,993.60
21 $20,993.60 $994.41 $0.00 $118.70 $22,106.71
22 $22,106.71 $994.41 $0.00 $124.99 $23,226.11
23 $23,226.11 $994.41 $0.00 $131.32 $24,351.84
24 $24,351.84 $994.41 $0.00 $137.69 $25,483.94
25 $25,483.94 $994.41 $0.00 $144.09 $26,622.44
26 $26,622.44 $994.41 $0.00 $150.53 $27,767.38
27 $27,767.38 $994.41 $0.00 $157.00 $28,918.79
28 $28,918.79 $994.41 $0.00 $163.51 $30,076.71
29 $30,076.71 $994.41 $0.00 $170.06 $31,241.18
30 $31,241.18 $994.41 $0.00 $176.64 $32,412.23
31 $32,412.23 $994.41 $0.00 $183.26 $33,589.90
32 $33,589.90 $994.41 $0.00 $189.92 $34,774.23
33 $34,774.23 $994.41 $0.00 $196.62 $35,965.26
34 $35,965.26 $994.41 $0.00 $203.35 $37,163.02
35 $37,163.02 $994.41 $0.00 $210.13 $38,367.56
36 $38,367.56 $994.41 $0.00 $216.94 $39,578.91
37 $39,578.91 $994.41 $0.00 $223.78 $40,797.10
38 $40,797.10 $994.41 $0.00 $230.67 $42,022.18
39 $42,022.18 $994.41 $0.00 $237.60 $43,254.19
40 $43,254.19 $994.41 $0.00 $244.57 $44,493.17
41 $44,493.17 $994.41 $0.00 $251.57 $45,739.15
42 $45,739.15 $994.41 $0.00 $258.62 $46,992.18
43 $46,992.18 $994.41 $0.00 $265.70 $48,252.29
44 $48,252.29 $994.41 $0.00 $272.83 $49,519.53
45 $49,519.53 $994.41 $0.00 $279.99 $50,793.93
46 $50,793.93 $994.41 $0.00 $287.20 $52,075.54
47 $52,075.54 $994.41 $0.00 $294.44 $53,364.39
48 $53,364.39 $994.41 $0.00 $301.73 $54,660.53
49 $54,660.53 $994.41 $0.00 $309.06 $55,964.00
50 $55,964.00 $994.41 $0.00 $316.43 $57,274.84
51 $57,274.84 $994.41 $0.00 $323.84 $58,593.09
52 $58,593.09 $994.41 $0.00 $331.29 $59,918.79
53 $59,918.79 $994.41 $0.00 $338.79 $61,251.99
54 $61,251.99 $994.41 $0.00 $346.33 $62,592.73
55 $62,592.73 $994.41 $0.00 $353.91 $63,941.05
56 $63,941.05 $994.41 $0.00 $361.53 $65,296.99
57 $65,296.99 $994.41 $0.00 $369.20 $66,660.60
58 $66,660.60 $994.41 $0.00 $376.91 $68,031.92
59 $68,031.92 $994.41 $0.00 $384.66 $69,410.99
60 $69,410.99 $994.41 $0.00 $392.46 $70,797.86
61 $70,797.86 $994.41 $0.00 $400.30 $72,192.57
62 $72,192.57 $994.41 $0.00 $408.19 $73,595.17
63 $73,595.17 $994.41 $0.00 $416.12 $75,005.70
64 $75,005.70 $994.41 $0.00 $424.09 $76,424.20
65 $76,424.20 $994.41 $0.00 $432.11 $77,850.72
66 $77,850.72 $994.41 $0.00 $440.18 $79,285.31
67 $79,285.31 $994.41 $0.00 $448.29 $80,728.01
68 $80,728.01 $994.41 $0.00 $456.45 $82,178.87
69 $82,178.87 $994.41 $0.00 $464.65 $83,637.93
70 $83,637.93 $994.41 $0.00 $472.90 $85,105.24
71 $85,105.24 $994.41 $0.00 $481.20 $86,580.85
72 $86,580.85 $994.41 $0.00 $489.54 $88,064.80
73 $88,064.80 $994.41 $0.00 $497.93 $89,557.14
74 $89,557.14 $994.41 $0.00 $506.37 $91,057.92
75 $91,057.92 $994.41 $0.00 $514.85 $92,567.18
76 $92,567.18 $994.41 $0.00 $523.39 $94,084.98
77 $94,084.98 $994.41 $0.00 $531.97 $95,611.36
78 $95,611.36 $994.41 $0.00 $540.60 $97,146.37
79 $97,146.37 $994.41 $0.00 $549.28 $98,690.06
80 $98,690.06 $994.41 $0.00 $558.01 $100,242.48
81 $100,242.48 $994.41 $0.00 $566.79 $101,803.68
82 $101,803.68 $994.41 $0.00 $575.61 $103,373.70
83 $103,373.70 $994.41 $0.00 $584.49 $104,952.60
84 $104,952.60 $994.41 $0.00 $593.42 $106,540.43
85 $106,540.43 $994.41 $0.00 $602.40 $108,137.24
86 $108,137.24 $994.41 $0.00 $611.42 $109,743.07
87 $109,743.07 $994.41 $0.00 $620.50 $111,357.98
88 $111,357.98 $994.41 $0.00 $629.63 $112,982.02
89 $112,982.02 $994.41 $0.00 $638.82 $114,615.25
90 $114,615.25 $994.41 $0.00 $648.05 $116,257.71
91 $116,257.71 $994.41 $0.00 $657.34 $117,909.46
92 $117,909.46 $994.41 $0.00 $666.68 $119,570.55
93 $119,570.55 $994.41 $0.00 $676.07 $121,241.03
94 $121,241.03 $994.41 $0.00 $685.51 $122,920.95
95 $122,920.95 $994.41 $0.00 $695.01 $124,610.37
96 $124,610.37 $994.41 $0.00 $704.57 $126,309.35
97 $126,309.35 $994.41 $0.00 $714.17 $128,017.93
98 $128,017.93 $994.41 $0.00 $723.83 $129,736.17
99 $129,736.17 $994.41 $0.00 $733.55 $131,464.13
100 $131,464.13 $994.41 $0.00 $743.32 $133,201.86
101 $133,201.86 $994.41 $0.00 $753.14 $134,949.41
102 $134,949.41 $994.41 $0.00 $763.02 $136,706.84
103 $136,706.84 $994.41 $0.00 $772.96 $138,474.21
104 $138,474.21 $994.41 $0.00 $782.95 $140,251.57
105 $140,251.57 $994.41 $0.00 $793.00 $142,038.98
106 $142,038.98 $994.41 $0.00 $803.11 $143,836.50
107 $143,836.50 $994.41 $0.00 $813.27 $145,644.18
108 $145,644.18 $994.41 $0.00 $823.49 $147,462.08
109 $147,462.08 $994.41 $0.00 $833.77 $149,290.26
110 $149,290.26 $994.41 $0.00 $844.11 $151,128.78
111 $151,128.78 $994.41 $0.00 $854.50 $152,977.69
112 $152,977.69 $994.41 $0.00 $864.96 $154,837.06
113 $154,837.06 $994.41 $0.00 $875.47 $156,706.94
114 $156,706.94 $994.41 $0.00 $886.04 $158,587.39
115 $158,587.39 $994.41 $0.00 $896.68 $160,478.48
116 $160,478.48 $994.41 $0.00 $907.37 $162,380.26
117 $162,380.26 $994.41 $0.00 $918.12 $164,292.79
118 $164,292.79 $994.41 $0.00 $928.94 $166,216.14
119 $166,216.14 $994.41 $0.00 $939.81 $168,150.36
120 $168,150.36 $994.41 $0.00 $950.75 $170,095.52
121 $170,095.52 $994.41 $0.00 $961.74 $172,051.67
122 $172,051.67 $994.41 $0.00 $972.81 $174,018.89
123 $174,018.89 $994.41 $0.00 $983.93 $175,997.23
124 $175,997.23 $994.41 $0.00 $995.11 $177,986.75
125 $177,986.75 $994.41 $0.00 $1,006.36 $179,987.52
126 $179,987.52 $994.41 $0.00 $1,017.68 $181,999.61
127 $181,999.61 $994.41 $0.00 $1,029.05 $184,023.07
128 $184,023.07 $994.41 $0.00 $1,040.49 $186,057.97
129 $186,057.97 $994.41 $0.00 $1,052.00 $188,104.38
130 $188,104.38 $994.41 $0.00 $1,063.57 $190,162.36
131 $190,162.36 $994.41 $0.00 $1,075.21 $192,231.98
132 $192,231.98 $994.41 $0.00 $1,086.91 $194,313.30
133 $194,313.30 $994.41 $0.00 $1,098.68 $196,406.39
134 $196,406.39 $994.41 $0.00 $1,110.51 $198,511.31
135 $198,511.31 $994.41 $0.00 $1,122.41 $200,628.13
136 $200,628.13 $994.41 $0.00 $1,134.38 $202,756.92
137 $202,756.92 $994.41 $0.00 $1,146.42 $204,897.75
138 $204,897.75 $994.41 $0.00 $1,158.52 $207,050.68
139 $207,050.68 $994.41 $0.00 $1,170.69 $209,215.78
140 $209,215.78 $994.41 $0.00 $1,182.94 $211,393.13
141 $211,393.13 $994.41 $0.00 $1,195.25 $213,582.79
142 $213,582.79 $994.41 $0.00 $1,207.63 $215,784.83
143 $215,784.83 $994.41 $0.00 $1,220.08 $217,999.32
144 $217,999.32 $994.41 $0.00 $1,232.60 $220,226.33
145 $220,226.33 $994.41 $0.00 $1,245.19 $222,465.93
146 $222,465.93 $994.41 $0.00 $1,257.85 $224,718.19
147 $224,718.19 $994.41 $0.00 $1,270.59 $226,983.19
148 $226,983.19 $994.41 $0.00 $1,283.40 $229,261.00
149 $229,261.00 $994.41 $0.00 $1,296.28 $231,551.69
150 $231,551.69 $994.41 $0.00 $1,309.23 $233,855.33
151 $233,855.33 $994.41 $0.00 $1,322.25 $236,171.99
152 $236,171.99 $994.41 $0.00 $1,335.35 $238,501.75
153 $238,501.75 $994.41 $0.00 $1,348.52 $240,844.68
154 $240,844.68 $994.41 $0.00 $1,361.77 $243,200.86
155 $243,200.86 $994.41 $0.00 $1,375.09 $245,570.36
156 $245,570.36 $994.41 $0.00 $1,388.49 $247,953.26
157 $247,953.26 $994.41 $0.00 $1,401.96 $250,349.63
158 $250,349.63 $994.41 $0.00 $1,415.51 $252,759.55
159 $252,759.55 $994.41 $0.00 $1,429.14 $255,183.10
160 $255,183.10 $994.41 $0.00 $1,442.84 $257,620.35
161 $257,620.35 $994.41 $0.00 $1,456.62 $260,071.38
162 $260,071.38 $994.41 $0.00 $1,470.48 $262,536.27
163 $262,536.27 $994.41 $0.00 $1,484.42 $265,015.10
164 $265,015.10 $994.41 $0.00 $1,498.43 $267,507.94
165 $267,507.94 $994.41 $0.00 $1,512.53 $270,014.88
166 $270,014.88 $994.41 $0.00 $1,526.70 $272,535.99
167 $272,535.99 $994.41 $0.00 $1,540.96 $275,071.36
168 $275,071.36 $994.41 $0.00 $1,555.29 $277,621.06
169 $277,621.06 $994.41 $0.00 $1,569.71 $280,185.18
170 $280,185.18 $994.41 $0.00 $1,584.21 $282,763.80
171 $282,763.80 $994.41 $0.00 $1,598.79 $285,357.00
172 $285,357.00 $994.41 $0.00 $1,613.45 $287,964.86
173 $287,964.86 $994.41 $0.00 $1,628.20 $290,587.47
174 $290,587.47 $994.41 $0.00 $1,643.02 $293,224.90
175 $293,224.90 $994.41 $0.00 $1,657.94 $295,877.25
176 $295,877.25 $994.41 $0.00 $1,672.93 $298,544.59
177 $298,544.59 $994.41 $0.00 $1,688.01 $301,227.01
178 $301,227.01 $994.41 $0.00 $1,703.18 $303,924.60
179 $303,924.60 $994.41 $0.00 $1,718.43 $306,637.44
180 $306,637.44 $994.41 $0.00 $1,733.77 $309,365.62
181 $309,365.62 $994.41 $0.00 $1,749.20 $312,109.23
182 $312,109.23 $994.41 $0.00 $1,764.71 $314,868.35
183 $314,868.35 $994.41 $0.00 $1,780.31 $317,643.07
184 $317,643.07 $994.41 $0.00 $1,796.00 $320,433.48
185 $320,433.48 $994.41 $0.00 $1,811.78 $323,239.67
186 $323,239.67 $994.41 $0.00 $1,827.64 $326,061.72
187 $326,061.72 $994.41 $0.00 $1,843.60 $328,899.73
188 $328,899.73 $994.41 $0.00 $1,859.65 $331,753.79
189 $331,753.79 $994.41 $0.00 $1,875.78 $334,623.98
190 $334,623.98 $994.41 $0.00 $1,892.01 $337,510.40
191 $337,510.40 $994.41 $0.00 $1,908.33 $340,413.14
192 $340,413.14 $994.41 $0.00 $1,924.75 $343,332.30
193 $343,332.30 $994.41 $0.00 $1,941.25 $346,267.96
194 $346,267.96 $994.41 $0.00 $1,957.85 $349,220.22
195 $349,220.22 $994.41 $0.00 $1,974.54 $352,189.17
196 $352,189.17 $994.41 $0.00 $1,991.33 $355,174.91
197 $355,174.91 $994.41 $0.00 $2,008.21 $358,177.53
198 $358,177.53 $994.41 $0.00 $2,025.19 $361,197.13
199 $361,197.13 $994.41 $0.00 $2,042.26 $364,233.80
200 $364,233.80 $994.41 $0.00 $2,059.43 $367,287.64
201 $367,287.64 $994.41 $0.00 $2,076.70 $370,358.75
202 $370,358.75 $994.41 $0.00 $2,094.06 $373,447.22
203 $373,447.22 $994.41 $0.00 $2,111.52 $376,553.15
204 $376,553.15 $994.41 $0.00 $2,129.09 $379,676.65
205 $379,676.65 $994.41 $0.00 $2,146.75 $382,817.81
206 $382,817.81 $994.41 $0.00 $2,164.51 $385,976.73
207 $385,976.73 $994.41 $0.00 $2,182.37 $389,153.51
208 $389,153.51 $994.41 $0.00 $2,200.33 $392,348.25
209 $392,348.25 $994.41 $0.00 $2,218.39 $395,561.05
210 $395,561.05 $994.41 $0.00 $2,236.56 $398,792.02
211 $398,792.02 $994.41 $0.00 $2,254.83 $402,041.26
212 $402,041.26 $994.41 $0.00 $2,273.20 $405,308.87
213 $405,308.87 $994.41 $0.00 $2,291.68 $408,594.96
214 $408,594.96 $994.41 $0.00 $2,310.26 $411,899.63
215 $411,899.63 $994.41 $0.00 $2,328.94 $415,222.98
216 $415,222.98 $994.41 $0.00 $2,347.73 $418,565.12
217 $418,565.12 $994.41 $113,356.17 $2,366.63 $308,569.99
218 $308,569.99 $994.41 $0.00 $1,744.70 $311,309.10
219 $311,309.10 $994.41 $0.00 $1,760.19 $314,063.70
220 $314,063.70 $994.41 $0.00 $1,775.76 $316,833.87
221 $316,833.87 $994.41 $0.00 $1,791.42 $319,619.70
222 $319,619.70 $994.41 $0.00 $1,807.18 $322,421.29
223 $322,421.29 $994.41 $0.00 $1,823.02 $325,238.72
224 $325,238.72 $994.41 $0.00 $1,838.95 $328,072.08
225 $328,072.08 $994.41 $0.00 $1,854.97 $330,921.46
226 $330,921.46 $994.41 $0.00 $1,871.08 $333,786.95
227 $333,786.95 $994.41 $0.00 $1,887.28 $336,668.64
228 $336,668.64 $994.41 $0.00 $1,903.57 $339,566.62
229 $339,566.62 $994.41 $121,291.10 $1,919.96 $221,189.89
230 $221,189.89 $994.41 $0.00 $1,250.64 $223,434.94
231 $223,434.94 $994.41 $0.00 $1,263.33 $225,692.68
232 $225,692.68 $994.41 $0.00 $1,276.10 $227,963.19
233 $227,963.19 $994.41 $0.00 $1,288.94 $230,246.54
234 $230,246.54 $994.41 $0.00 $1,301.85 $232,542.80
235 $232,542.80 $994.41 $0.00 $1,314.83 $234,852.04
236 $234,852.04 $994.41 $0.00 $1,327.89 $237,174.34
237 $237,174.34 $994.41 $0.00 $1,341.02 $239,509.77
238 $239,509.77 $994.41 $0.00 $1,354.22 $241,858.40
239 $241,858.40 $994.41 $0.00 $1,367.50 $244,220.31
240 $244,220.31 $994.41 $0.00 $1,380.86 $246,595.58
241 $246,595.58 $994.41 $129,781.48 $1,394.29 $119,202.80
242 $119,202.80 $994.41 $0.00 $673.99 $120,871.20
243 $120,871.20 $994.41 $0.00 $683.42 $122,549.03
244 $122,549.03 $994.41 $0.00 $692.91 $124,236.35
245 $124,236.35 $994.41 $0.00 $702.45 $125,933.21
246 $125,933.21 $994.41 $0.00 $712.04 $127,639.66
247 $127,639.66 $994.41 $0.00 $721.69 $129,355.76
248 $129,355.76 $994.41 $0.00 $731.40 $131,081.57
249 $131,081.57 $994.41 $0.00 $741.15 $132,817.13
250 $132,817.13 $994.41 $0.00 $750.97 $134,562.51
251 $134,562.51 $994.41 $0.00 $760.84 $136,317.76
252 $136,317.76 $994.41 $0.00 $770.76 $138,082.93
253 $138,082.93 $0.00 $138,866.18 $780.74 -$2.51