Savings Plan and Future Cost Estimation for Southwestern University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$239,920
Monthly savings required$1,896

How much will it cost to send your child to Southwestern University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $959,678.89 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,896.14 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$63,950.00
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 $1,896.14 $0.00 $0.00 $1,896.14
2 $1,896.14 $1,896.14 $0.00 $10.72 $3,803.00
3 $3,803.00 $1,896.14 $0.00 $21.50 $5,720.64
4 $5,720.64 $1,896.14 $0.00 $32.35 $7,649.13
5 $7,649.13 $1,896.14 $0.00 $43.25 $9,588.52
6 $9,588.52 $1,896.14 $0.00 $54.21 $11,538.87
7 $11,538.87 $1,896.14 $0.00 $65.24 $13,500.25
8 $13,500.25 $1,896.14 $0.00 $76.33 $15,472.72
9 $15,472.72 $1,896.14 $0.00 $87.49 $17,456.35
10 $17,456.35 $1,896.14 $0.00 $98.70 $19,451.19
11 $19,451.19 $1,896.14 $0.00 $109.98 $21,457.31
12 $21,457.31 $1,896.14 $0.00 $121.32 $23,474.77
13 $23,474.77 $1,896.14 $0.00 $132.73 $25,503.64
14 $25,503.64 $1,896.14 $0.00 $144.20 $27,543.98
15 $27,543.98 $1,896.14 $0.00 $155.74 $29,595.86
16 $29,595.86 $1,896.14 $0.00 $167.34 $31,659.34
17 $31,659.34 $1,896.14 $0.00 $179.01 $33,734.49
18 $33,734.49 $1,896.14 $0.00 $190.74 $35,821.37
19 $35,821.37 $1,896.14 $0.00 $202.54 $37,920.05
20 $37,920.05 $1,896.14 $0.00 $214.41 $40,030.60
21 $40,030.60 $1,896.14 $0.00 $226.34 $42,153.08
22 $42,153.08 $1,896.14 $0.00 $238.34 $44,287.56
23 $44,287.56 $1,896.14 $0.00 $250.41 $46,434.11
24 $46,434.11 $1,896.14 $0.00 $262.55 $48,592.80
25 $48,592.80 $1,896.14 $0.00 $274.75 $50,763.69
26 $50,763.69 $1,896.14 $0.00 $287.03 $52,946.86
27 $52,946.86 $1,896.14 $0.00 $299.37 $55,142.37
28 $55,142.37 $1,896.14 $0.00 $311.78 $57,350.29
29 $57,350.29 $1,896.14 $0.00 $324.27 $59,570.70
30 $59,570.70 $1,896.14 $0.00 $336.82 $61,803.66
31 $61,803.66 $1,896.14 $0.00 $349.45 $64,049.25
32 $64,049.25 $1,896.14 $0.00 $362.14 $66,307.53
33 $66,307.53 $1,896.14 $0.00 $374.91 $68,578.58
34 $68,578.58 $1,896.14 $0.00 $387.75 $70,862.47
35 $70,862.47 $1,896.14 $0.00 $400.67 $73,159.28
36 $73,159.28 $1,896.14 $0.00 $413.65 $75,469.07
37 $75,469.07 $1,896.14 $0.00 $426.71 $77,791.92
38 $77,791.92 $1,896.14 $0.00 $439.85 $80,127.91
39 $80,127.91 $1,896.14 $0.00 $453.05 $82,477.10
40 $82,477.10 $1,896.14 $0.00 $466.34 $84,839.58
41 $84,839.58 $1,896.14 $0.00 $479.70 $87,215.42
42 $87,215.42 $1,896.14 $0.00 $493.13 $89,604.69
43 $89,604.69 $1,896.14 $0.00 $506.64 $92,007.47
44 $92,007.47 $1,896.14 $0.00 $520.22 $94,423.83
45 $94,423.83 $1,896.14 $0.00 $533.89 $96,853.86
46 $96,853.86 $1,896.14 $0.00 $547.63 $99,297.63
47 $99,297.63 $1,896.14 $0.00 $561.44 $101,755.21
48 $101,755.21 $1,896.14 $0.00 $575.34 $104,226.69
49 $104,226.69 $1,896.14 $0.00 $589.31 $106,712.14
50 $106,712.14 $1,896.14 $0.00 $603.37 $109,211.65
51 $109,211.65 $1,896.14 $0.00 $617.50 $111,725.29
52 $111,725.29 $1,896.14 $0.00 $631.71 $114,253.14
53 $114,253.14 $1,896.14 $0.00 $646.00 $116,795.28
54 $116,795.28 $1,896.14 $0.00 $660.38 $119,351.80
55 $119,351.80 $1,896.14 $0.00 $674.83 $121,922.77
56 $121,922.77 $1,896.14 $0.00 $689.37 $124,508.28
57 $124,508.28 $1,896.14 $0.00 $703.99 $127,108.41
58 $127,108.41 $1,896.14 $0.00 $718.69 $129,723.24
59 $129,723.24 $1,896.14 $0.00 $733.47 $132,352.85
60 $132,352.85 $1,896.14 $0.00 $748.34 $134,997.33
61 $134,997.33 $1,896.14 $0.00 $763.29 $137,656.76
62 $137,656.76 $1,896.14 $0.00 $778.33 $140,331.23
63 $140,331.23 $1,896.14 $0.00 $793.45 $143,020.82
64 $143,020.82 $1,896.14 $0.00 $808.66 $145,725.62
65 $145,725.62 $1,896.14 $0.00 $823.95 $148,445.71
66 $148,445.71 $1,896.14 $0.00 $839.33 $151,181.18
67 $151,181.18 $1,896.14 $0.00 $854.80 $153,932.12
68 $153,932.12 $1,896.14 $0.00 $870.35 $156,698.61
69 $156,698.61 $1,896.14 $0.00 $886.00 $159,480.75
70 $159,480.75 $1,896.14 $0.00 $901.73 $162,278.62
71 $162,278.62 $1,896.14 $0.00 $917.55 $165,092.31
72 $165,092.31 $1,896.14 $0.00 $933.46 $167,921.91
73 $167,921.91 $1,896.14 $0.00 $949.45 $170,767.50
74 $170,767.50 $1,896.14 $0.00 $965.54 $173,629.18
75 $173,629.18 $1,896.14 $0.00 $981.72 $176,507.04
76 $176,507.04 $1,896.14 $0.00 $998.00 $179,401.18
77 $179,401.18 $1,896.14 $0.00 $1,014.36 $182,311.68
78 $182,311.68 $1,896.14 $0.00 $1,030.82 $185,238.64
79 $185,238.64 $1,896.14 $0.00 $1,047.37 $188,182.15
80 $188,182.15 $1,896.14 $0.00 $1,064.01 $191,142.30
81 $191,142.30 $1,896.14 $0.00 $1,080.75 $194,119.19
82 $194,119.19 $1,896.14 $0.00 $1,097.58 $197,112.91
83 $197,112.91 $1,896.14 $0.00 $1,114.51 $200,123.56
84 $200,123.56 $1,896.14 $0.00 $1,131.53 $203,151.23
85 $203,151.23 $1,896.14 $0.00 $1,148.65 $206,196.02
86 $206,196.02 $1,896.14 $0.00 $1,165.86 $209,258.02
87 $209,258.02 $1,896.14 $0.00 $1,183.18 $212,337.34
88 $212,337.34 $1,896.14 $0.00 $1,200.59 $215,434.07
89 $215,434.07 $1,896.14 $0.00 $1,218.10 $218,548.31
90 $218,548.31 $1,896.14 $0.00 $1,235.70 $221,680.15
91 $221,680.15 $1,896.14 $0.00 $1,253.41 $224,829.70
92 $224,829.70 $1,896.14 $0.00 $1,271.22 $227,997.06
93 $227,997.06 $1,896.14 $0.00 $1,289.13 $231,182.33
94 $231,182.33 $1,896.14 $0.00 $1,307.14 $234,385.61
95 $234,385.61 $1,896.14 $0.00 $1,325.25 $237,607.00
96 $237,607.00 $1,896.14 $0.00 $1,343.46 $240,846.60
97 $240,846.60 $1,896.14 $0.00 $1,361.78 $244,104.52
98 $244,104.52 $1,896.14 $0.00 $1,380.20 $247,380.86
99 $247,380.86 $1,896.14 $0.00 $1,398.73 $250,675.73
100 $250,675.73 $1,896.14 $0.00 $1,417.36 $253,989.23
101 $253,989.23 $1,896.14 $0.00 $1,436.09 $257,321.46
102 $257,321.46 $1,896.14 $0.00 $1,454.93 $260,672.53
103 $260,672.53 $1,896.14 $0.00 $1,473.88 $264,042.55
104 $264,042.55 $1,896.14 $0.00 $1,492.93 $267,431.62
105 $267,431.62 $1,896.14 $0.00 $1,512.10 $270,839.86
106 $270,839.86 $1,896.14 $0.00 $1,531.37 $274,267.37
107 $274,267.37 $1,896.14 $0.00 $1,550.75 $277,714.26
108 $277,714.26 $1,896.14 $0.00 $1,570.24 $281,180.64
109 $281,180.64 $1,896.14 $0.00 $1,589.84 $284,666.62
110 $284,666.62 $1,896.14 $0.00 $1,609.55 $288,172.31
111 $288,172.31 $1,896.14 $0.00 $1,629.37 $291,697.82
112 $291,697.82 $1,896.14 $0.00 $1,649.30 $295,243.26
113 $295,243.26 $1,896.14 $0.00 $1,669.35 $298,808.75
114 $298,808.75 $1,896.14 $0.00 $1,689.51 $302,394.40
115 $302,394.40 $1,896.14 $0.00 $1,709.78 $306,000.32
116 $306,000.32 $1,896.14 $0.00 $1,730.17 $309,626.63
117 $309,626.63 $1,896.14 $0.00 $1,750.67 $313,273.44
118 $313,273.44 $1,896.14 $0.00 $1,771.29 $316,940.87
119 $316,940.87 $1,896.14 $0.00 $1,792.03 $320,629.04
120 $320,629.04 $1,896.14 $0.00 $1,812.88 $324,338.06
121 $324,338.06 $1,896.14 $0.00 $1,833.85 $328,068.05
122 $328,068.05 $1,896.14 $0.00 $1,854.94 $331,819.13
123 $331,819.13 $1,896.14 $0.00 $1,876.15 $335,591.42
124 $335,591.42 $1,896.14 $0.00 $1,897.48 $339,385.04
125 $339,385.04 $1,896.14 $0.00 $1,918.93 $343,200.11
126 $343,200.11 $1,896.14 $0.00 $1,940.50 $347,036.75
127 $347,036.75 $1,896.14 $0.00 $1,962.20 $350,895.09
128 $350,895.09 $1,896.14 $0.00 $1,984.01 $354,775.24
129 $354,775.24 $1,896.14 $0.00 $2,005.95 $358,677.33
130 $358,677.33 $1,896.14 $0.00 $2,028.01 $362,601.48
131 $362,601.48 $1,896.14 $0.00 $2,050.20 $366,547.82
132 $366,547.82 $1,896.14 $0.00 $2,072.51 $370,516.47
133 $370,516.47 $1,896.14 $0.00 $2,094.95 $374,507.56
134 $374,507.56 $1,896.14 $0.00 $2,117.52 $378,521.22
135 $378,521.22 $1,896.14 $0.00 $2,140.21 $382,557.57
136 $382,557.57 $1,896.14 $0.00 $2,163.04 $386,616.75
137 $386,616.75 $1,896.14 $0.00 $2,185.99 $390,698.88
138 $390,698.88 $1,896.14 $0.00 $2,209.07 $394,804.09
139 $394,804.09 $1,896.14 $0.00 $2,232.28 $398,932.51
140 $398,932.51 $1,896.14 $0.00 $2,255.62 $403,084.27
141 $403,084.27 $1,896.14 $0.00 $2,279.10 $407,259.51
142 $407,259.51 $1,896.14 $0.00 $2,302.70 $411,458.35
143 $411,458.35 $1,896.14 $0.00 $2,326.45 $415,680.94
144 $415,680.94 $1,896.14 $0.00 $2,350.32 $419,927.40
145 $419,927.40 $1,896.14 $0.00 $2,374.33 $424,197.87
146 $424,197.87 $1,896.14 $0.00 $2,398.48 $428,492.49
147 $428,492.49 $1,896.14 $0.00 $2,422.76 $432,811.39
148 $432,811.39 $1,896.14 $0.00 $2,447.18 $437,154.71
149 $437,154.71 $1,896.14 $0.00 $2,471.74 $441,522.59
150 $441,522.59 $1,896.14 $0.00 $2,496.43 $445,915.16
151 $445,915.16 $1,896.14 $0.00 $2,521.27 $450,332.57
152 $450,332.57 $1,896.14 $0.00 $2,546.25 $454,774.96
153 $454,774.96 $1,896.14 $0.00 $2,571.36 $459,242.46
154 $459,242.46 $1,896.14 $0.00 $2,596.62 $463,735.22
155 $463,735.22 $1,896.14 $0.00 $2,622.03 $468,253.39
156 $468,253.39 $1,896.14 $0.00 $2,647.57 $472,797.10
157 $472,797.10 $1,896.14 $0.00 $2,673.26 $477,366.50
158 $477,366.50 $1,896.14 $0.00 $2,699.10 $481,961.74
159 $481,961.74 $1,896.14 $0.00 $2,725.08 $486,582.96
160 $486,582.96 $1,896.14 $0.00 $2,751.21 $491,230.31
161 $491,230.31 $1,896.14 $0.00 $2,777.49 $495,903.94
162 $495,903.94 $1,896.14 $0.00 $2,803.91 $500,603.99
163 $500,603.99 $1,896.14 $0.00 $2,830.49 $505,330.62
164 $505,330.62 $1,896.14 $0.00 $2,857.21 $510,083.97
165 $510,083.97 $1,896.14 $0.00 $2,884.09 $514,864.20
166 $514,864.20 $1,896.14 $0.00 $2,911.12 $519,671.46
167 $519,671.46 $1,896.14 $0.00 $2,938.30 $524,505.90
168 $524,505.90 $1,896.14 $0.00 $2,965.63 $529,367.67
169 $529,367.67 $1,896.14 $0.00 $2,993.12 $534,256.93
170 $534,256.93 $1,896.14 $0.00 $3,020.77 $539,173.84
171 $539,173.84 $1,896.14 $0.00 $3,048.57 $544,118.55
172 $544,118.55 $1,896.14 $0.00 $3,076.53 $549,091.22
173 $549,091.22 $1,896.14 $0.00 $3,104.64 $554,092.00
174 $554,092.00 $1,896.14 $0.00 $3,132.92 $559,121.06
175 $559,121.06 $1,896.14 $0.00 $3,161.35 $564,178.55
176 $564,178.55 $1,896.14 $0.00 $3,189.95 $569,264.64
177 $569,264.64 $1,896.14 $0.00 $3,218.71 $574,379.49
178 $574,379.49 $1,896.14 $0.00 $3,247.63 $579,523.26
179 $579,523.26 $1,896.14 $0.00 $3,276.71 $584,696.11
180 $584,696.11 $1,896.14 $0.00 $3,305.96 $589,898.21
181 $589,898.21 $1,896.14 $0.00 $3,335.37 $595,129.72
182 $595,129.72 $1,896.14 $0.00 $3,364.95 $600,390.81
183 $600,390.81 $1,896.14 $0.00 $3,394.70 $605,681.65
184 $605,681.65 $1,896.14 $0.00 $3,424.61 $611,002.40
185 $611,002.40 $1,896.14 $0.00 $3,454.70 $616,353.24
186 $616,353.24 $1,896.14 $0.00 $3,484.95 $621,734.33
187 $621,734.33 $1,896.14 $0.00 $3,515.38 $627,145.85
188 $627,145.85 $1,896.14 $0.00 $3,545.97 $632,587.96
189 $632,587.96 $1,896.14 $0.00 $3,576.74 $638,060.84
190 $638,060.84 $1,896.14 $0.00 $3,607.69 $643,564.67
191 $643,564.67 $1,896.14 $0.00 $3,638.81 $649,099.62
192 $649,099.62 $1,896.14 $0.00 $3,670.10 $654,665.86
193 $654,665.86 $1,896.14 $0.00 $3,701.58 $660,263.58
194 $660,263.58 $1,896.14 $0.00 $3,733.23 $665,892.95
195 $665,892.95 $1,896.14 $0.00 $3,765.06 $671,554.15
196 $671,554.15 $1,896.14 $0.00 $3,797.06 $677,247.35
197 $677,247.35 $1,896.14 $0.00 $3,829.25 $682,972.74
198 $682,972.74 $1,896.14 $0.00 $3,861.63 $688,730.51
199 $688,730.51 $1,896.14 $0.00 $3,894.18 $694,520.83
200 $694,520.83 $1,896.14 $0.00 $3,926.92 $700,343.89
201 $700,343.89 $1,896.14 $0.00 $3,959.85 $706,199.88
202 $706,199.88 $1,896.14 $0.00 $3,992.96 $712,088.98
203 $712,088.98 $1,896.14 $0.00 $4,026.25 $718,011.37
204 $718,011.37 $1,896.14 $0.00 $4,059.74 $723,967.25
205 $723,967.25 $1,896.14 $0.00 $4,093.42 $729,956.81
206 $729,956.81 $1,896.14 $0.00 $4,127.28 $735,980.23
207 $735,980.23 $1,896.14 $0.00 $4,161.34 $742,037.71
208 $742,037.71 $1,896.14 $0.00 $4,195.59 $748,129.44
209 $748,129.44 $1,896.14 $0.00 $4,230.03 $754,255.61
210 $754,255.61 $1,896.14 $0.00 $4,264.67 $760,416.42
211 $760,416.42 $1,896.14 $0.00 $4,299.50 $766,612.06
212 $766,612.06 $1,896.14 $0.00 $4,334.54 $772,842.74
213 $772,842.74 $1,896.14 $0.00 $4,369.77 $779,108.65
214 $779,108.65 $1,896.14 $0.00 $4,405.19 $785,409.98
215 $785,409.98 $1,896.14 $0.00 $4,440.82 $791,746.94
216 $791,746.94 $1,896.14 $0.00 $4,476.65 $798,119.73
217 $798,119.73 $1,896.14 $216,146.67 $4,512.68 $588,381.88
218 $588,381.88 $1,896.14 $0.00 $3,326.80 $593,604.82
219 $593,604.82 $1,896.14 $0.00 $3,356.33 $598,857.29
220 $598,857.29 $1,896.14 $0.00 $3,386.03 $604,139.46
221 $604,139.46 $1,896.14 $0.00 $3,415.89 $609,451.49
222 $609,451.49 $1,896.14 $0.00 $3,445.93 $614,793.56
223 $614,793.56 $1,896.14 $0.00 $3,476.13 $620,165.83
224 $620,165.83 $1,896.14 $0.00 $3,506.51 $625,568.48
225 $625,568.48 $1,896.14 $0.00 $3,537.06 $631,001.68
226 $631,001.68 $1,896.14 $0.00 $3,567.78 $636,465.60
227 $636,465.60 $1,896.14 $0.00 $3,598.67 $641,960.41
228 $641,960.41 $1,896.14 $0.00 $3,629.74 $647,486.29
229 $647,486.29 $1,896.14 $231,276.94 $3,660.98 $421,766.47
230 $421,766.47 $1,896.14 $0.00 $2,384.73 $426,047.34
231 $426,047.34 $1,896.14 $0.00 $2,408.93 $430,352.41
232 $430,352.41 $1,896.14 $0.00 $2,433.28 $434,681.83
233 $434,681.83 $1,896.14 $0.00 $2,457.75 $439,035.72
234 $439,035.72 $1,896.14 $0.00 $2,482.37 $443,414.23
235 $443,414.23 $1,896.14 $0.00 $2,507.13 $447,817.50
236 $447,817.50 $1,896.14 $0.00 $2,532.03 $452,245.67
237 $452,245.67 $1,896.14 $0.00 $2,557.06 $456,698.87
238 $456,698.87 $1,896.14 $0.00 $2,582.24 $461,177.25
239 $461,177.25 $1,896.14 $0.00 $2,607.56 $465,680.95
240 $465,680.95 $1,896.14 $0.00 $2,633.03 $470,210.12
241 $470,210.12 $1,896.14 $247,466.32 $2,658.64 $227,298.58
242 $227,298.58 $1,896.14 $0.00 $1,285.18 $230,479.90
243 $230,479.90 $1,896.14 $0.00 $1,303.17 $233,679.21
244 $233,679.21 $1,896.14 $0.00 $1,321.26 $236,896.61
245 $236,896.61 $1,896.14 $0.00 $1,339.45 $240,132.20
246 $240,132.20 $1,896.14 $0.00 $1,357.74 $243,386.08
247 $243,386.08 $1,896.14 $0.00 $1,376.14 $246,658.36
248 $246,658.36 $1,896.14 $0.00 $1,394.64 $249,949.14
249 $249,949.14 $1,896.14 $0.00 $1,413.25 $253,258.53
250 $253,258.53 $1,896.14 $0.00 $1,431.96 $256,586.63
251 $256,586.63 $1,896.14 $0.00 $1,450.78 $259,933.55
252 $259,933.55 $1,896.14 $0.00 $1,469.70 $263,299.39
253 $263,299.39 $0.00 $264,788.96 $1,488.73 -$0.84