Savings Plan and Future Cost Estimation for Augustana University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$196,108
Monthly savings required$1,550

How much will it cost to send your child to Augustana University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $784,430.57 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,549.88 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$52,272.00
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 $1,549.88 $0.00 $0.00 $1,549.88
2 $1,549.88 $1,549.88 $0.00 $8.76 $3,108.52
3 $3,108.52 $1,549.88 $0.00 $17.58 $4,675.98
4 $4,675.98 $1,549.88 $0.00 $26.44 $6,252.30
5 $6,252.30 $1,549.88 $0.00 $35.35 $7,837.53
6 $7,837.53 $1,549.88 $0.00 $44.31 $9,431.72
7 $9,431.72 $1,549.88 $0.00 $53.33 $11,034.93
8 $11,034.93 $1,549.88 $0.00 $62.39 $12,647.20
9 $12,647.20 $1,549.88 $0.00 $71.51 $14,268.59
10 $14,268.59 $1,549.88 $0.00 $80.68 $15,899.15
11 $15,899.15 $1,549.88 $0.00 $89.90 $17,538.93
12 $17,538.93 $1,549.88 $0.00 $99.17 $19,187.98
13 $19,187.98 $1,549.88 $0.00 $108.49 $20,846.35
14 $20,846.35 $1,549.88 $0.00 $117.87 $22,514.10
15 $22,514.10 $1,549.88 $0.00 $127.30 $24,191.28
16 $24,191.28 $1,549.88 $0.00 $136.78 $25,877.94
17 $25,877.94 $1,549.88 $0.00 $146.32 $27,574.14
18 $27,574.14 $1,549.88 $0.00 $155.91 $29,279.93
19 $29,279.93 $1,549.88 $0.00 $165.55 $30,995.36
20 $30,995.36 $1,549.88 $0.00 $175.25 $32,720.49
21 $32,720.49 $1,549.88 $0.00 $185.01 $34,455.38
22 $34,455.38 $1,549.88 $0.00 $194.82 $36,200.08
23 $36,200.08 $1,549.88 $0.00 $204.68 $37,954.64
24 $37,954.64 $1,549.88 $0.00 $214.60 $39,719.12
25 $39,719.12 $1,549.88 $0.00 $224.58 $41,493.58
26 $41,493.58 $1,549.88 $0.00 $234.61 $43,278.07
27 $43,278.07 $1,549.88 $0.00 $244.70 $45,072.65
28 $45,072.65 $1,549.88 $0.00 $254.85 $46,877.38
29 $46,877.38 $1,549.88 $0.00 $265.05 $48,692.31
30 $48,692.31 $1,549.88 $0.00 $275.31 $50,517.50
31 $50,517.50 $1,549.88 $0.00 $285.63 $52,353.01
32 $52,353.01 $1,549.88 $0.00 $296.01 $54,198.90
33 $54,198.90 $1,549.88 $0.00 $306.45 $56,055.23
34 $56,055.23 $1,549.88 $0.00 $316.94 $57,922.05
35 $57,922.05 $1,549.88 $0.00 $327.50 $59,799.43
36 $59,799.43 $1,549.88 $0.00 $338.11 $61,687.42
37 $61,687.42 $1,549.88 $0.00 $348.79 $63,586.09
38 $63,586.09 $1,549.88 $0.00 $359.52 $65,495.49
39 $65,495.49 $1,549.88 $0.00 $370.32 $67,415.69
40 $67,415.69 $1,549.88 $0.00 $381.18 $69,346.75
41 $69,346.75 $1,549.88 $0.00 $392.10 $71,288.73
42 $71,288.73 $1,549.88 $0.00 $403.08 $73,241.69
43 $73,241.69 $1,549.88 $0.00 $414.12 $75,205.69
44 $75,205.69 $1,549.88 $0.00 $425.22 $77,180.79
45 $77,180.79 $1,549.88 $0.00 $436.39 $79,167.06
46 $79,167.06 $1,549.88 $0.00 $447.62 $81,164.56
47 $81,164.56 $1,549.88 $0.00 $458.92 $83,173.36
48 $83,173.36 $1,549.88 $0.00 $470.27 $85,193.51
49 $85,193.51 $1,549.88 $0.00 $481.70 $87,225.09
50 $87,225.09 $1,549.88 $0.00 $493.18 $89,268.15
51 $89,268.15 $1,549.88 $0.00 $504.74 $91,322.77
52 $91,322.77 $1,549.88 $0.00 $516.35 $93,389.00
53 $93,389.00 $1,549.88 $0.00 $528.03 $95,466.91
54 $95,466.91 $1,549.88 $0.00 $539.78 $97,556.57
55 $97,556.57 $1,549.88 $0.00 $551.60 $99,658.05
56 $99,658.05 $1,549.88 $0.00 $563.48 $101,771.41
57 $101,771.41 $1,549.88 $0.00 $575.43 $103,896.72
58 $103,896.72 $1,549.88 $0.00 $587.45 $106,034.05
59 $106,034.05 $1,549.88 $0.00 $599.53 $108,183.46
60 $108,183.46 $1,549.88 $0.00 $611.69 $110,345.03
61 $110,345.03 $1,549.88 $0.00 $623.91 $112,518.82
62 $112,518.82 $1,549.88 $0.00 $636.20 $114,704.90
63 $114,704.90 $1,549.88 $0.00 $648.56 $116,903.34
64 $116,903.34 $1,549.88 $0.00 $660.99 $119,114.21
65 $119,114.21 $1,549.88 $0.00 $673.49 $121,337.58
66 $121,337.58 $1,549.88 $0.00 $686.06 $123,573.52
67 $123,573.52 $1,549.88 $0.00 $698.70 $125,822.10
68 $125,822.10 $1,549.88 $0.00 $711.42 $128,083.40
69 $128,083.40 $1,549.88 $0.00 $724.20 $130,357.48
70 $130,357.48 $1,549.88 $0.00 $737.06 $132,644.42
71 $132,644.42 $1,549.88 $0.00 $749.99 $134,944.29
72 $134,944.29 $1,549.88 $0.00 $762.99 $137,257.16
73 $137,257.16 $1,549.88 $0.00 $776.07 $139,583.11
74 $139,583.11 $1,549.88 $0.00 $789.22 $141,922.21
75 $141,922.21 $1,549.88 $0.00 $802.45 $144,274.54
76 $144,274.54 $1,549.88 $0.00 $815.75 $146,640.17
77 $146,640.17 $1,549.88 $0.00 $829.12 $149,019.17
78 $149,019.17 $1,549.88 $0.00 $842.58 $151,411.63
79 $151,411.63 $1,549.88 $0.00 $856.10 $153,817.61
80 $153,817.61 $1,549.88 $0.00 $869.71 $156,237.20
81 $156,237.20 $1,549.88 $0.00 $883.39 $158,670.47
82 $158,670.47 $1,549.88 $0.00 $897.15 $161,117.50
83 $161,117.50 $1,549.88 $0.00 $910.98 $163,578.36
84 $163,578.36 $1,549.88 $0.00 $924.90 $166,053.14
85 $166,053.14 $1,549.88 $0.00 $938.89 $168,541.91
86 $168,541.91 $1,549.88 $0.00 $952.96 $171,044.75
87 $171,044.75 $1,549.88 $0.00 $967.11 $173,561.74
88 $173,561.74 $1,549.88 $0.00 $981.34 $176,092.96
89 $176,092.96 $1,549.88 $0.00 $995.66 $178,638.50
90 $178,638.50 $1,549.88 $0.00 $1,010.05 $181,198.43
91 $181,198.43 $1,549.88 $0.00 $1,024.52 $183,772.83
92 $183,772.83 $1,549.88 $0.00 $1,039.08 $186,361.79
93 $186,361.79 $1,549.88 $0.00 $1,053.72 $188,965.39
94 $188,965.39 $1,549.88 $0.00 $1,068.44 $191,583.71
95 $191,583.71 $1,549.88 $0.00 $1,083.24 $194,216.83
96 $194,216.83 $1,549.88 $0.00 $1,098.13 $196,864.84
97 $196,864.84 $1,549.88 $0.00 $1,113.10 $199,527.82
98 $199,527.82 $1,549.88 $0.00 $1,128.16 $202,205.86
99 $202,205.86 $1,549.88 $0.00 $1,143.30 $204,899.04
100 $204,899.04 $1,549.88 $0.00 $1,158.53 $207,607.45
101 $207,607.45 $1,549.88 $0.00 $1,173.84 $210,331.17
102 $210,331.17 $1,549.88 $0.00 $1,189.24 $213,070.29
103 $213,070.29 $1,549.88 $0.00 $1,204.73 $215,824.90
104 $215,824.90 $1,549.88 $0.00 $1,220.31 $218,595.09
105 $218,595.09 $1,549.88 $0.00 $1,235.97 $221,380.94
106 $221,380.94 $1,549.88 $0.00 $1,251.72 $224,182.54
107 $224,182.54 $1,549.88 $0.00 $1,267.56 $226,999.98
108 $226,999.98 $1,549.88 $0.00 $1,283.49 $229,833.35
109 $229,833.35 $1,549.88 $0.00 $1,299.51 $232,682.74
110 $232,682.74 $1,549.88 $0.00 $1,315.62 $235,548.24
111 $235,548.24 $1,549.88 $0.00 $1,331.82 $238,429.94
112 $238,429.94 $1,549.88 $0.00 $1,348.12 $241,327.94
113 $241,327.94 $1,549.88 $0.00 $1,364.50 $244,242.32
114 $244,242.32 $1,549.88 $0.00 $1,380.98 $247,173.18
115 $247,173.18 $1,549.88 $0.00 $1,397.55 $250,120.61
116 $250,120.61 $1,549.88 $0.00 $1,414.22 $253,084.71
117 $253,084.71 $1,549.88 $0.00 $1,430.98 $256,065.57
118 $256,065.57 $1,549.88 $0.00 $1,447.83 $259,063.28
119 $259,063.28 $1,549.88 $0.00 $1,464.78 $262,077.94
120 $262,077.94 $1,549.88 $0.00 $1,481.83 $265,109.65
121 $265,109.65 $1,549.88 $0.00 $1,498.97 $268,158.50
122 $268,158.50 $1,549.88 $0.00 $1,516.21 $271,224.59
123 $271,224.59 $1,549.88 $0.00 $1,533.54 $274,308.01
124 $274,308.01 $1,549.88 $0.00 $1,550.98 $277,408.87
125 $277,408.87 $1,549.88 $0.00 $1,568.51 $280,527.26
126 $280,527.26 $1,549.88 $0.00 $1,586.14 $283,663.28
127 $283,663.28 $1,549.88 $0.00 $1,603.87 $286,817.03
128 $286,817.03 $1,549.88 $0.00 $1,621.71 $289,988.62
129 $289,988.62 $1,549.88 $0.00 $1,639.64 $293,178.14
130 $293,178.14 $1,549.88 $0.00 $1,657.67 $296,385.69
131 $296,385.69 $1,549.88 $0.00 $1,675.81 $299,611.38
132 $299,611.38 $1,549.88 $0.00 $1,694.05 $302,855.31
133 $302,855.31 $1,549.88 $0.00 $1,712.39 $306,117.58
134 $306,117.58 $1,549.88 $0.00 $1,730.83 $309,398.29
135 $309,398.29 $1,549.88 $0.00 $1,749.38 $312,697.55
136 $312,697.55 $1,549.88 $0.00 $1,768.04 $316,015.47
137 $316,015.47 $1,549.88 $0.00 $1,786.80 $319,352.15
138 $319,352.15 $1,549.88 $0.00 $1,805.66 $322,707.69
139 $322,707.69 $1,549.88 $0.00 $1,824.64 $326,082.21
140 $326,082.21 $1,549.88 $0.00 $1,843.72 $329,475.81
141 $329,475.81 $1,549.88 $0.00 $1,862.90 $332,888.59
142 $332,888.59 $1,549.88 $0.00 $1,882.20 $336,320.67
143 $336,320.67 $1,549.88 $0.00 $1,901.61 $339,772.16
144 $339,772.16 $1,549.88 $0.00 $1,921.12 $343,243.16
145 $343,243.16 $1,549.88 $0.00 $1,940.75 $346,733.79
146 $346,733.79 $1,549.88 $0.00 $1,960.48 $350,244.15
147 $350,244.15 $1,549.88 $0.00 $1,980.33 $353,774.36
148 $353,774.36 $1,549.88 $0.00 $2,000.29 $357,324.53
149 $357,324.53 $1,549.88 $0.00 $2,020.36 $360,894.77
150 $360,894.77 $1,549.88 $0.00 $2,040.55 $364,485.20
151 $364,485.20 $1,549.88 $0.00 $2,060.85 $368,095.93
152 $368,095.93 $1,549.88 $0.00 $2,081.27 $371,727.08
153 $371,727.08 $1,549.88 $0.00 $2,101.80 $375,378.76
154 $375,378.76 $1,549.88 $0.00 $2,122.45 $379,051.09
155 $379,051.09 $1,549.88 $0.00 $2,143.21 $382,744.18
156 $382,744.18 $1,549.88 $0.00 $2,164.09 $386,458.15
157 $386,458.15 $1,549.88 $0.00 $2,185.09 $390,193.12
158 $390,193.12 $1,549.88 $0.00 $2,206.21 $393,949.21
159 $393,949.21 $1,549.88 $0.00 $2,227.45 $397,726.54
160 $397,726.54 $1,549.88 $0.00 $2,248.80 $401,525.22
161 $401,525.22 $1,549.88 $0.00 $2,270.28 $405,345.38
162 $405,345.38 $1,549.88 $0.00 $2,291.88 $409,187.14
163 $409,187.14 $1,549.88 $0.00 $2,313.60 $413,050.62
164 $413,050.62 $1,549.88 $0.00 $2,335.45 $416,935.95
165 $416,935.95 $1,549.88 $0.00 $2,357.42 $420,843.25
166 $420,843.25 $1,549.88 $0.00 $2,379.51 $424,772.64
167 $424,772.64 $1,549.88 $0.00 $2,401.73 $428,724.25
168 $428,724.25 $1,549.88 $0.00 $2,424.07 $432,698.20
169 $432,698.20 $1,549.88 $0.00 $2,446.54 $436,694.62
170 $436,694.62 $1,549.88 $0.00 $2,469.13 $440,713.63
171 $440,713.63 $1,549.88 $0.00 $2,491.86 $444,755.37
172 $444,755.37 $1,549.88 $0.00 $2,514.71 $448,819.96
173 $448,819.96 $1,549.88 $0.00 $2,537.69 $452,907.53
174 $452,907.53 $1,549.88 $0.00 $2,560.81 $457,018.22
175 $457,018.22 $1,549.88 $0.00 $2,584.05 $461,152.15
176 $461,152.15 $1,549.88 $0.00 $2,607.42 $465,309.45
177 $465,309.45 $1,549.88 $0.00 $2,630.93 $469,490.26
178 $469,490.26 $1,549.88 $0.00 $2,654.57 $473,694.71
179 $473,694.71 $1,549.88 $0.00 $2,678.34 $477,922.93
180 $477,922.93 $1,549.88 $0.00 $2,702.25 $482,175.06
181 $482,175.06 $1,549.88 $0.00 $2,726.29 $486,451.23
182 $486,451.23 $1,549.88 $0.00 $2,750.47 $490,751.58
183 $490,751.58 $1,549.88 $0.00 $2,774.78 $495,076.24
184 $495,076.24 $1,549.88 $0.00 $2,799.23 $499,425.35
185 $499,425.35 $1,549.88 $0.00 $2,823.82 $503,799.05
186 $503,799.05 $1,549.88 $0.00 $2,848.55 $508,197.48
187 $508,197.48 $1,549.88 $0.00 $2,873.42 $512,620.78
188 $512,620.78 $1,549.88 $0.00 $2,898.43 $517,069.09
189 $517,069.09 $1,549.88 $0.00 $2,923.58 $521,542.55
190 $521,542.55 $1,549.88 $0.00 $2,948.88 $526,041.31
191 $526,041.31 $1,549.88 $0.00 $2,974.31 $530,565.50
192 $530,565.50 $1,549.88 $0.00 $2,999.89 $535,115.27
193 $535,115.27 $1,549.88 $0.00 $3,025.62 $539,690.77
194 $539,690.77 $1,549.88 $0.00 $3,051.49 $544,292.14
195 $544,292.14 $1,549.88 $0.00 $3,077.51 $548,919.53
196 $548,919.53 $1,549.88 $0.00 $3,103.67 $553,573.08
197 $553,573.08 $1,549.88 $0.00 $3,129.98 $558,252.94
198 $558,252.94 $1,549.88 $0.00 $3,156.44 $562,959.26
199 $562,959.26 $1,549.88 $0.00 $3,183.05 $567,692.19
200 $567,692.19 $1,549.88 $0.00 $3,209.81 $572,451.88
201 $572,451.88 $1,549.88 $0.00 $3,236.73 $577,238.49
202 $577,238.49 $1,549.88 $0.00 $3,263.79 $582,052.16
203 $582,052.16 $1,549.88 $0.00 $3,291.01 $586,893.05
204 $586,893.05 $1,549.88 $0.00 $3,318.38 $591,761.31
205 $591,761.31 $1,549.88 $0.00 $3,345.90 $596,657.09
206 $596,657.09 $1,549.88 $0.00 $3,373.59 $601,580.56
207 $601,580.56 $1,549.88 $0.00 $3,401.42 $606,531.86
208 $606,531.86 $1,549.88 $0.00 $3,429.42 $611,511.16
209 $611,511.16 $1,549.88 $0.00 $3,457.57 $616,518.61
210 $616,518.61 $1,549.88 $0.00 $3,485.89 $621,554.38
211 $621,554.38 $1,549.88 $0.00 $3,514.36 $626,618.62
212 $626,618.62 $1,549.88 $0.00 $3,542.99 $631,711.49
213 $631,711.49 $1,549.88 $0.00 $3,571.79 $636,833.16
214 $636,833.16 $1,549.88 $0.00 $3,600.75 $641,983.79
215 $641,983.79 $1,549.88 $0.00 $3,629.87 $647,163.54
216 $647,163.54 $1,549.88 $0.00 $3,659.16 $652,372.58
217 $652,372.58 $1,549.88 $176,675.82 $3,688.61 $480,935.25
218 $480,935.25 $1,549.88 $0.00 $2,719.28 $485,204.41
219 $485,204.41 $1,549.88 $0.00 $2,743.42 $489,497.71
220 $489,497.71 $1,549.88 $0.00 $2,767.69 $493,815.28
221 $493,815.28 $1,549.88 $0.00 $2,792.10 $498,157.26
222 $498,157.26 $1,549.88 $0.00 $2,816.65 $502,523.79
223 $502,523.79 $1,549.88 $0.00 $2,841.34 $506,915.01
224 $506,915.01 $1,549.88 $0.00 $2,866.17 $511,331.06
225 $511,331.06 $1,549.88 $0.00 $2,891.14 $515,772.08
226 $515,772.08 $1,549.88 $0.00 $2,916.25 $520,238.21
227 $520,238.21 $1,549.88 $0.00 $2,941.50 $524,729.59
228 $524,729.59 $1,549.88 $0.00 $2,966.90 $529,246.37
229 $529,246.37 $1,549.88 $189,043.13 $2,992.44 $344,745.56
230 $344,745.56 $1,549.88 $0.00 $1,949.24 $348,244.68
231 $348,244.68 $1,549.88 $0.00 $1,969.03 $351,763.59
232 $351,763.59 $1,549.88 $0.00 $1,988.92 $355,302.39
233 $355,302.39 $1,549.88 $0.00 $2,008.93 $358,861.20
234 $358,861.20 $1,549.88 $0.00 $2,029.05 $362,440.13
235 $362,440.13 $1,549.88 $0.00 $2,049.29 $366,039.30
236 $366,039.30 $1,549.88 $0.00 $2,069.64 $369,658.82
237 $369,658.82 $1,549.88 $0.00 $2,090.10 $373,298.80
238 $373,298.80 $1,549.88 $0.00 $2,110.69 $376,959.37
239 $376,959.37 $1,549.88 $0.00 $2,131.38 $380,640.63
240 $380,640.63 $1,549.88 $0.00 $2,152.20 $384,342.71
241 $384,342.71 $1,549.88 $202,276.15 $2,173.13 $185,789.57
242 $185,789.57 $1,549.88 $0.00 $1,050.48 $188,389.93
243 $188,389.93 $1,549.88 $0.00 $1,065.18 $191,004.99
244 $191,004.99 $1,549.88 $0.00 $1,079.97 $193,634.84
245 $193,634.84 $1,549.88 $0.00 $1,094.84 $196,279.56
246 $196,279.56 $1,549.88 $0.00 $1,109.79 $198,939.23
247 $198,939.23 $1,549.88 $0.00 $1,124.83 $201,613.94
248 $201,613.94 $1,549.88 $0.00 $1,139.95 $204,303.77
249 $204,303.77 $1,549.88 $0.00 $1,155.16 $207,008.81
250 $207,008.81 $1,549.88 $0.00 $1,170.46 $209,729.15
251 $209,729.15 $1,549.88 $0.00 $1,185.84 $212,464.87
252 $212,464.87 $1,549.88 $0.00 $1,201.31 $215,216.06
253 $215,216.06 $0.00 $216,435.48 $1,216.86 -$2.56