Savings Plan and Future Cost Estimation for Mid America 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$120,391
Monthly savings required$951

How much will it cost to send your child to Mid America Christian University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $481,565.22 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $951.48 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$32,090.00
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 $951.48 $0.00 $0.00 $951.48
2 $951.48 $951.48 $0.00 $5.38 $1,908.34
3 $1,908.34 $951.48 $0.00 $10.79 $2,870.61
4 $2,870.61 $951.48 $0.00 $16.23 $3,838.32
5 $3,838.32 $951.48 $0.00 $21.70 $4,811.50
6 $4,811.50 $951.48 $0.00 $27.20 $5,790.18
7 $5,790.18 $951.48 $0.00 $32.74 $6,774.40
8 $6,774.40 $951.48 $0.00 $38.30 $7,764.18
9 $7,764.18 $951.48 $0.00 $43.90 $8,759.56
10 $8,759.56 $951.48 $0.00 $49.53 $9,760.57
11 $9,760.57 $951.48 $0.00 $55.19 $10,767.24
12 $10,767.24 $951.48 $0.00 $60.88 $11,779.60
13 $11,779.60 $951.48 $0.00 $66.60 $12,797.68
14 $12,797.68 $951.48 $0.00 $72.36 $13,821.52
15 $13,821.52 $951.48 $0.00 $78.15 $14,851.15
16 $14,851.15 $951.48 $0.00 $83.97 $15,886.60
17 $15,886.60 $951.48 $0.00 $89.83 $16,927.91
18 $16,927.91 $951.48 $0.00 $95.71 $17,975.10
19 $17,975.10 $951.48 $0.00 $101.63 $19,028.21
20 $19,028.21 $951.48 $0.00 $107.59 $20,087.28
21 $20,087.28 $951.48 $0.00 $113.58 $21,152.34
22 $21,152.34 $951.48 $0.00 $119.60 $22,223.42
23 $22,223.42 $951.48 $0.00 $125.65 $23,300.55
24 $23,300.55 $951.48 $0.00 $131.74 $24,383.77
25 $24,383.77 $951.48 $0.00 $137.87 $25,473.12
26 $25,473.12 $951.48 $0.00 $144.03 $26,568.63
27 $26,568.63 $951.48 $0.00 $150.22 $27,670.33
28 $27,670.33 $951.48 $0.00 $156.45 $28,778.26
29 $28,778.26 $951.48 $0.00 $162.72 $29,892.46
30 $29,892.46 $951.48 $0.00 $169.02 $31,012.96
31 $31,012.96 $951.48 $0.00 $175.35 $32,139.79
32 $32,139.79 $951.48 $0.00 $181.72 $33,272.99
33 $33,272.99 $951.48 $0.00 $188.13 $34,412.60
34 $34,412.60 $951.48 $0.00 $194.57 $35,558.65
35 $35,558.65 $951.48 $0.00 $201.05 $36,711.18
36 $36,711.18 $951.48 $0.00 $207.57 $37,870.23
37 $37,870.23 $951.48 $0.00 $214.12 $39,035.83
38 $39,035.83 $951.48 $0.00 $220.71 $40,208.02
39 $40,208.02 $951.48 $0.00 $227.34 $41,386.84
40 $41,386.84 $951.48 $0.00 $234.01 $42,572.33
41 $42,572.33 $951.48 $0.00 $240.71 $43,764.52
42 $43,764.52 $951.48 $0.00 $247.45 $44,963.45
43 $44,963.45 $951.48 $0.00 $254.23 $46,169.16
44 $46,169.16 $951.48 $0.00 $261.05 $47,381.69
45 $47,381.69 $951.48 $0.00 $267.90 $48,601.07
46 $48,601.07 $951.48 $0.00 $274.80 $49,827.35
47 $49,827.35 $951.48 $0.00 $281.73 $51,060.56
48 $51,060.56 $951.48 $0.00 $288.70 $52,300.74
49 $52,300.74 $951.48 $0.00 $295.72 $53,547.94
50 $53,547.94 $951.48 $0.00 $302.77 $54,802.19
51 $54,802.19 $951.48 $0.00 $309.86 $56,063.53
52 $56,063.53 $951.48 $0.00 $316.99 $57,332.00
53 $57,332.00 $951.48 $0.00 $324.16 $58,607.64
54 $58,607.64 $951.48 $0.00 $331.38 $59,890.50
55 $59,890.50 $951.48 $0.00 $338.63 $61,180.61
56 $61,180.61 $951.48 $0.00 $345.92 $62,478.01
57 $62,478.01 $951.48 $0.00 $353.26 $63,782.75
58 $63,782.75 $951.48 $0.00 $360.64 $65,094.87
59 $65,094.87 $951.48 $0.00 $368.06 $66,414.41
60 $66,414.41 $951.48 $0.00 $375.52 $67,741.41
61 $67,741.41 $951.48 $0.00 $383.02 $69,075.91
62 $69,075.91 $951.48 $0.00 $390.57 $70,417.96
63 $70,417.96 $951.48 $0.00 $398.15 $71,767.59
64 $71,767.59 $951.48 $0.00 $405.78 $73,124.85
65 $73,124.85 $951.48 $0.00 $413.46 $74,489.79
66 $74,489.79 $951.48 $0.00 $421.18 $75,862.45
67 $75,862.45 $951.48 $0.00 $428.94 $77,242.87
68 $77,242.87 $951.48 $0.00 $436.74 $78,631.09
69 $78,631.09 $951.48 $0.00 $444.59 $80,027.16
70 $80,027.16 $951.48 $0.00 $452.49 $81,431.13
71 $81,431.13 $951.48 $0.00 $460.42 $82,843.03
72 $82,843.03 $951.48 $0.00 $468.41 $84,262.92
73 $84,262.92 $951.48 $0.00 $476.43 $85,690.83
74 $85,690.83 $951.48 $0.00 $484.51 $87,126.82
75 $87,126.82 $951.48 $0.00 $492.63 $88,570.93
76 $88,570.93 $951.48 $0.00 $500.79 $90,023.20
77 $90,023.20 $951.48 $0.00 $509.00 $91,483.68
78 $91,483.68 $951.48 $0.00 $517.26 $92,952.42
79 $92,952.42 $951.48 $0.00 $525.57 $94,429.47
80 $94,429.47 $951.48 $0.00 $533.92 $95,914.87
81 $95,914.87 $951.48 $0.00 $542.32 $97,408.67
82 $97,408.67 $951.48 $0.00 $550.76 $98,910.91
83 $98,910.91 $951.48 $0.00 $559.26 $100,421.65
84 $100,421.65 $951.48 $0.00 $567.80 $101,940.93
85 $101,940.93 $951.48 $0.00 $576.39 $103,468.80
86 $103,468.80 $951.48 $0.00 $585.03 $105,005.31
87 $105,005.31 $951.48 $0.00 $593.72 $106,550.51
88 $106,550.51 $951.48 $0.00 $602.45 $108,104.44
89 $108,104.44 $951.48 $0.00 $611.24 $109,667.16
90 $109,667.16 $951.48 $0.00 $620.07 $111,238.71
91 $111,238.71 $951.48 $0.00 $628.96 $112,819.15
92 $112,819.15 $951.48 $0.00 $637.90 $114,408.53
93 $114,408.53 $951.48 $0.00 $646.88 $116,006.89
94 $116,006.89 $951.48 $0.00 $655.92 $117,614.29
95 $117,614.29 $951.48 $0.00 $665.01 $119,230.78
96 $119,230.78 $951.48 $0.00 $674.15 $120,856.41
97 $120,856.41 $951.48 $0.00 $683.34 $122,491.23
98 $122,491.23 $951.48 $0.00 $692.58 $124,135.29
99 $124,135.29 $951.48 $0.00 $701.88 $125,788.65
100 $125,788.65 $951.48 $0.00 $711.23 $127,451.36
101 $127,451.36 $951.48 $0.00 $720.63 $129,123.47
102 $129,123.47 $951.48 $0.00 $730.08 $130,805.03
103 $130,805.03 $951.48 $0.00 $739.59 $132,496.10
104 $132,496.10 $951.48 $0.00 $749.15 $134,196.73
105 $134,196.73 $951.48 $0.00 $758.77 $135,906.98
106 $135,906.98 $951.48 $0.00 $768.44 $137,626.90
107 $137,626.90 $951.48 $0.00 $778.16 $139,356.54
108 $139,356.54 $951.48 $0.00 $787.94 $141,095.96
109 $141,095.96 $951.48 $0.00 $797.78 $142,845.22
110 $142,845.22 $951.48 $0.00 $807.67 $144,604.37
111 $144,604.37 $951.48 $0.00 $817.61 $146,373.46
112 $146,373.46 $951.48 $0.00 $827.62 $148,152.56
113 $148,152.56 $951.48 $0.00 $837.68 $149,941.72
114 $149,941.72 $951.48 $0.00 $847.79 $151,740.99
115 $151,740.99 $951.48 $0.00 $857.97 $153,550.44
116 $153,550.44 $951.48 $0.00 $868.20 $155,370.12
117 $155,370.12 $951.48 $0.00 $878.49 $157,200.09
118 $157,200.09 $951.48 $0.00 $888.83 $159,040.40
119 $159,040.40 $951.48 $0.00 $899.24 $160,891.12
120 $160,891.12 $951.48 $0.00 $909.70 $162,752.30
121 $162,752.30 $951.48 $0.00 $920.23 $164,624.01
122 $164,624.01 $951.48 $0.00 $930.81 $166,506.30
123 $166,506.30 $951.48 $0.00 $941.45 $168,399.23
124 $168,399.23 $951.48 $0.00 $952.15 $170,302.86
125 $170,302.86 $951.48 $0.00 $962.92 $172,217.26
126 $172,217.26 $951.48 $0.00 $973.74 $174,142.48
127 $174,142.48 $951.48 $0.00 $984.63 $176,078.59
128 $176,078.59 $951.48 $0.00 $995.57 $178,025.64
129 $178,025.64 $951.48 $0.00 $1,006.58 $179,983.70
130 $179,983.70 $951.48 $0.00 $1,017.65 $181,952.83
131 $181,952.83 $951.48 $0.00 $1,028.79 $183,933.10
132 $183,933.10 $951.48 $0.00 $1,039.98 $185,924.56
133 $185,924.56 $951.48 $0.00 $1,051.24 $187,927.28
134 $187,927.28 $951.48 $0.00 $1,062.57 $189,941.33
135 $189,941.33 $951.48 $0.00 $1,073.96 $191,966.77
136 $191,966.77 $951.48 $0.00 $1,085.41 $194,003.66
137 $194,003.66 $951.48 $0.00 $1,096.92 $196,052.06
138 $196,052.06 $951.48 $0.00 $1,108.51 $198,112.05
139 $198,112.05 $951.48 $0.00 $1,120.15 $200,183.68
140 $200,183.68 $951.48 $0.00 $1,131.87 $202,267.03
141 $202,267.03 $951.48 $0.00 $1,143.65 $204,362.16
142 $204,362.16 $951.48 $0.00 $1,155.49 $206,469.13
143 $206,469.13 $951.48 $0.00 $1,167.41 $208,588.02
144 $208,588.02 $951.48 $0.00 $1,179.39 $210,718.89
145 $210,718.89 $951.48 $0.00 $1,191.44 $212,861.81
146 $212,861.81 $951.48 $0.00 $1,203.55 $215,016.84
147 $215,016.84 $951.48 $0.00 $1,215.74 $217,184.06
148 $217,184.06 $951.48 $0.00 $1,227.99 $219,363.53
149 $219,363.53 $951.48 $0.00 $1,240.31 $221,555.32
150 $221,555.32 $951.48 $0.00 $1,252.71 $223,759.51
151 $223,759.51 $951.48 $0.00 $1,265.17 $225,976.16
152 $225,976.16 $951.48 $0.00 $1,277.70 $228,205.34
153 $228,205.34 $951.48 $0.00 $1,290.31 $230,447.13
154 $230,447.13 $951.48 $0.00 $1,302.98 $232,701.59
155 $232,701.59 $951.48 $0.00 $1,315.73 $234,968.80
156 $234,968.80 $951.48 $0.00 $1,328.55 $237,248.83
157 $237,248.83 $951.48 $0.00 $1,341.44 $239,541.75
158 $239,541.75 $951.48 $0.00 $1,354.40 $241,847.63
159 $241,847.63 $951.48 $0.00 $1,367.44 $244,166.55
160 $244,166.55 $951.48 $0.00 $1,380.55 $246,498.58
161 $246,498.58 $951.48 $0.00 $1,393.74 $248,843.80
162 $248,843.80 $951.48 $0.00 $1,407.00 $251,202.28
163 $251,202.28 $951.48 $0.00 $1,420.33 $253,574.09
164 $253,574.09 $951.48 $0.00 $1,433.74 $255,959.31
165 $255,959.31 $951.48 $0.00 $1,447.23 $258,358.02
166 $258,358.02 $951.48 $0.00 $1,460.79 $260,770.29
167 $260,770.29 $951.48 $0.00 $1,474.43 $263,196.20
168 $263,196.20 $951.48 $0.00 $1,488.15 $265,635.83
169 $265,635.83 $951.48 $0.00 $1,501.94 $268,089.25
170 $268,089.25 $951.48 $0.00 $1,515.82 $270,556.55
171 $270,556.55 $951.48 $0.00 $1,529.77 $273,037.80
172 $273,037.80 $951.48 $0.00 $1,543.80 $275,533.08
173 $275,533.08 $951.48 $0.00 $1,557.90 $278,042.46
174 $278,042.46 $951.48 $0.00 $1,572.09 $280,566.03
175 $280,566.03 $951.48 $0.00 $1,586.36 $283,103.87
176 $283,103.87 $951.48 $0.00 $1,600.71 $285,656.06
177 $285,656.06 $951.48 $0.00 $1,615.14 $288,222.68
178 $288,222.68 $951.48 $0.00 $1,629.65 $290,803.81
179 $290,803.81 $951.48 $0.00 $1,644.25 $293,399.54
180 $293,399.54 $951.48 $0.00 $1,658.92 $296,009.94
181 $296,009.94 $951.48 $0.00 $1,673.68 $298,635.10
182 $298,635.10 $951.48 $0.00 $1,688.53 $301,275.11
183 $301,275.11 $951.48 $0.00 $1,703.45 $303,930.04
184 $303,930.04 $951.48 $0.00 $1,718.46 $306,599.98
185 $306,599.98 $951.48 $0.00 $1,733.56 $309,285.02
186 $309,285.02 $951.48 $0.00 $1,748.74 $311,985.24
187 $311,985.24 $951.48 $0.00 $1,764.01 $314,700.73
188 $314,700.73 $951.48 $0.00 $1,779.36 $317,431.57
189 $317,431.57 $951.48 $0.00 $1,794.80 $320,177.85
190 $320,177.85 $951.48 $0.00 $1,810.33 $322,939.66
191 $322,939.66 $951.48 $0.00 $1,825.95 $325,717.09
192 $325,717.09 $951.48 $0.00 $1,841.65 $328,510.22
193 $328,510.22 $951.48 $0.00 $1,857.44 $331,319.14
194 $331,319.14 $951.48 $0.00 $1,873.33 $334,143.95
195 $334,143.95 $951.48 $0.00 $1,889.30 $336,984.73
196 $336,984.73 $951.48 $0.00 $1,905.36 $339,841.57
197 $339,841.57 $951.48 $0.00 $1,921.51 $342,714.56
198 $342,714.56 $951.48 $0.00 $1,937.76 $345,603.80
199 $345,603.80 $951.48 $0.00 $1,954.09 $348,509.37
200 $348,509.37 $951.48 $0.00 $1,970.52 $351,431.37
201 $351,431.37 $951.48 $0.00 $1,987.04 $354,369.89
202 $354,369.89 $951.48 $0.00 $2,003.66 $357,325.03
203 $357,325.03 $951.48 $0.00 $2,020.37 $360,296.88
204 $360,296.88 $951.48 $0.00 $2,037.17 $363,285.53
205 $363,285.53 $951.48 $0.00 $2,054.07 $366,291.08
206 $366,291.08 $951.48 $0.00 $2,071.06 $369,313.62
207 $369,313.62 $951.48 $0.00 $2,088.15 $372,353.25
208 $372,353.25 $951.48 $0.00 $2,105.34 $375,410.07
209 $375,410.07 $951.48 $0.00 $2,122.62 $378,484.17
210 $378,484.17 $951.48 $0.00 $2,140.00 $381,575.65
211 $381,575.65 $951.48 $0.00 $2,157.48 $384,684.61
212 $384,684.61 $951.48 $0.00 $2,175.06 $387,811.15
213 $387,811.15 $951.48 $0.00 $2,192.74 $390,955.37
214 $390,955.37 $951.48 $0.00 $2,210.52 $394,117.37
215 $394,117.37 $951.48 $0.00 $2,228.40 $397,297.25
216 $397,297.25 $951.48 $0.00 $2,246.38 $400,495.11
217 $400,495.11 $951.48 $108,462.03 $2,264.46 $295,249.02
218 $295,249.02 $951.48 $0.00 $1,669.38 $297,869.88
219 $297,869.88 $951.48 $0.00 $1,684.20 $300,505.56
220 $300,505.56 $951.48 $0.00 $1,699.10 $303,156.14
221 $303,156.14 $951.48 $0.00 $1,714.09 $305,821.71
222 $305,821.71 $951.48 $0.00 $1,729.16 $308,502.35
223 $308,502.35 $951.48 $0.00 $1,744.32 $311,198.15
224 $311,198.15 $951.48 $0.00 $1,759.56 $313,909.19
225 $313,909.19 $951.48 $0.00 $1,774.89 $316,635.56
226 $316,635.56 $951.48 $0.00 $1,790.30 $319,377.34
227 $319,377.34 $951.48 $0.00 $1,805.81 $322,134.63
228 $322,134.63 $951.48 $0.00 $1,821.40 $324,907.51
229 $324,907.51 $951.48 $116,054.37 $1,837.07 $211,641.69
230 $211,641.69 $951.48 $0.00 $1,196.65 $213,789.82
231 $213,789.82 $951.48 $0.00 $1,208.80 $215,950.10
232 $215,950.10 $951.48 $0.00 $1,221.01 $218,122.59
233 $218,122.59 $951.48 $0.00 $1,233.30 $220,307.37
234 $220,307.37 $951.48 $0.00 $1,245.65 $222,504.50
235 $222,504.50 $951.48 $0.00 $1,258.07 $224,714.05
236 $224,714.05 $951.48 $0.00 $1,270.57 $226,936.10
237 $226,936.10 $951.48 $0.00 $1,283.13 $229,170.71
238 $229,170.71 $951.48 $0.00 $1,295.76 $231,417.95
239 $231,417.95 $951.48 $0.00 $1,308.47 $233,677.90
240 $233,677.90 $951.48 $0.00 $1,321.25 $235,950.63
241 $235,950.63 $951.48 $124,178.17 $1,334.10 $114,058.04
242 $114,058.04 $951.48 $0.00 $644.90 $115,654.42
243 $115,654.42 $951.48 $0.00 $653.93 $117,259.83
244 $117,259.83 $951.48 $0.00 $663.00 $118,874.31
245 $118,874.31 $951.48 $0.00 $672.13 $120,497.92
246 $120,497.92 $951.48 $0.00 $681.31 $122,130.71
247 $122,130.71 $951.48 $0.00 $690.54 $123,772.73
248 $123,772.73 $951.48 $0.00 $699.83 $125,424.04
249 $125,424.04 $951.48 $0.00 $709.17 $127,084.69
250 $127,084.69 $951.48 $0.00 $718.56 $128,754.73
251 $128,754.73 $951.48 $0.00 $728.00 $130,434.21
252 $130,434.21 $951.48 $0.00 $737.49 $132,123.18
253 $132,123.18 $0.00 $132,870.65 $747.04 -$0.43