Savings Plan and Future Cost Estimation for Concord University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$88,232
Monthly savings required$697

How much will it cost to send your child to Concord University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $352,927.73 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $697.32 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$23,518.00
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 $697.32 $0.00 $0.00 $697.32
2 $697.32 $697.32 $0.00 $3.94 $1,398.58
3 $1,398.58 $697.32 $0.00 $7.91 $2,103.81
4 $2,103.81 $697.32 $0.00 $11.90 $2,813.03
5 $2,813.03 $697.32 $0.00 $15.91 $3,526.26
6 $3,526.26 $697.32 $0.00 $19.94 $4,243.52
7 $4,243.52 $697.32 $0.00 $23.99 $4,964.83
8 $4,964.83 $697.32 $0.00 $28.07 $5,690.22
9 $5,690.22 $697.32 $0.00 $32.17 $6,419.71
10 $6,419.71 $697.32 $0.00 $36.30 $7,153.33
11 $7,153.33 $697.32 $0.00 $40.45 $7,891.10
12 $7,891.10 $697.32 $0.00 $44.62 $8,633.04
13 $8,633.04 $697.32 $0.00 $48.81 $9,379.17
14 $9,379.17 $697.32 $0.00 $53.03 $10,129.52
15 $10,129.52 $697.32 $0.00 $57.27 $10,884.11
16 $10,884.11 $697.32 $0.00 $61.54 $11,642.97
17 $11,642.97 $697.32 $0.00 $65.83 $12,406.12
18 $12,406.12 $697.32 $0.00 $70.15 $13,173.59
19 $13,173.59 $697.32 $0.00 $74.49 $13,945.40
20 $13,945.40 $697.32 $0.00 $78.85 $14,721.57
21 $14,721.57 $697.32 $0.00 $83.24 $15,502.13
22 $15,502.13 $697.32 $0.00 $87.65 $16,287.10
23 $16,287.10 $697.32 $0.00 $92.09 $17,076.51
24 $17,076.51 $697.32 $0.00 $96.55 $17,870.38
25 $17,870.38 $697.32 $0.00 $101.04 $18,668.74
26 $18,668.74 $697.32 $0.00 $105.56 $19,471.62
27 $19,471.62 $697.32 $0.00 $110.10 $20,279.04
28 $20,279.04 $697.32 $0.00 $114.66 $21,091.02
29 $21,091.02 $697.32 $0.00 $119.25 $21,907.59
30 $21,907.59 $697.32 $0.00 $123.87 $22,728.78
31 $22,728.78 $697.32 $0.00 $128.51 $23,554.61
32 $23,554.61 $697.32 $0.00 $133.18 $24,385.11
33 $24,385.11 $697.32 $0.00 $137.88 $25,220.31
34 $25,220.31 $697.32 $0.00 $142.60 $26,060.23
35 $26,060.23 $697.32 $0.00 $147.35 $26,904.90
36 $26,904.90 $697.32 $0.00 $152.12 $27,754.34
37 $27,754.34 $697.32 $0.00 $156.93 $28,608.59
38 $28,608.59 $697.32 $0.00 $161.76 $29,467.67
39 $29,467.67 $697.32 $0.00 $166.61 $30,331.60
40 $30,331.60 $697.32 $0.00 $171.50 $31,200.42
41 $31,200.42 $697.32 $0.00 $176.41 $32,074.15
42 $32,074.15 $697.32 $0.00 $181.35 $32,952.82
43 $32,952.82 $697.32 $0.00 $186.32 $33,836.46
44 $33,836.46 $697.32 $0.00 $191.32 $34,725.10
45 $34,725.10 $697.32 $0.00 $196.34 $35,618.76
46 $35,618.76 $697.32 $0.00 $201.39 $36,517.47
47 $36,517.47 $697.32 $0.00 $206.48 $37,421.27
48 $37,421.27 $697.32 $0.00 $211.59 $38,330.18
49 $38,330.18 $697.32 $0.00 $216.72 $39,244.22
50 $39,244.22 $697.32 $0.00 $221.89 $40,163.43
51 $40,163.43 $697.32 $0.00 $227.09 $41,087.84
52 $41,087.84 $697.32 $0.00 $232.32 $42,017.48
53 $42,017.48 $697.32 $0.00 $237.57 $42,952.37
54 $42,952.37 $697.32 $0.00 $242.86 $43,892.55
55 $43,892.55 $697.32 $0.00 $248.17 $44,838.04
56 $44,838.04 $697.32 $0.00 $253.52 $45,788.88
57 $45,788.88 $697.32 $0.00 $258.90 $46,745.10
58 $46,745.10 $697.32 $0.00 $264.30 $47,706.72
59 $47,706.72 $697.32 $0.00 $269.74 $48,673.78
60 $48,673.78 $697.32 $0.00 $275.21 $49,646.31
61 $49,646.31 $697.32 $0.00 $280.71 $50,624.34
62 $50,624.34 $697.32 $0.00 $286.24 $51,607.90
63 $51,607.90 $697.32 $0.00 $291.80 $52,597.02
64 $52,597.02 $697.32 $0.00 $297.39 $53,591.73
65 $53,591.73 $697.32 $0.00 $303.02 $54,592.07
66 $54,592.07 $697.32 $0.00 $308.67 $55,598.06
67 $55,598.06 $697.32 $0.00 $314.36 $56,609.74
68 $56,609.74 $697.32 $0.00 $320.08 $57,627.14
69 $57,627.14 $697.32 $0.00 $325.83 $58,650.29
70 $58,650.29 $697.32 $0.00 $331.62 $59,679.23
71 $59,679.23 $697.32 $0.00 $337.44 $60,713.99
72 $60,713.99 $697.32 $0.00 $343.29 $61,754.60
73 $61,754.60 $697.32 $0.00 $349.17 $62,801.09
74 $62,801.09 $697.32 $0.00 $355.09 $63,853.50
75 $63,853.50 $697.32 $0.00 $361.04 $64,911.86
76 $64,911.86 $697.32 $0.00 $367.02 $65,976.20
77 $65,976.20 $697.32 $0.00 $373.04 $67,046.56
78 $67,046.56 $697.32 $0.00 $379.09 $68,122.97
79 $68,122.97 $697.32 $0.00 $385.18 $69,205.47
80 $69,205.47 $697.32 $0.00 $391.30 $70,294.09
81 $70,294.09 $697.32 $0.00 $397.45 $71,388.86
82 $71,388.86 $697.32 $0.00 $403.64 $72,489.82
83 $72,489.82 $697.32 $0.00 $409.87 $73,597.01
84 $73,597.01 $697.32 $0.00 $416.13 $74,710.46
85 $74,710.46 $697.32 $0.00 $422.42 $75,830.20
86 $75,830.20 $697.32 $0.00 $428.75 $76,956.27
87 $76,956.27 $697.32 $0.00 $435.12 $78,088.71
88 $78,088.71 $697.32 $0.00 $441.52 $79,227.55
89 $79,227.55 $697.32 $0.00 $447.96 $80,372.83
90 $80,372.83 $697.32 $0.00 $454.44 $81,524.59
91 $81,524.59 $697.32 $0.00 $460.95 $82,682.86
92 $82,682.86 $697.32 $0.00 $467.50 $83,847.68
93 $83,847.68 $697.32 $0.00 $474.09 $85,019.09
94 $85,019.09 $697.32 $0.00 $480.71 $86,197.12
95 $86,197.12 $697.32 $0.00 $487.37 $87,381.81
96 $87,381.81 $697.32 $0.00 $494.07 $88,573.20
97 $88,573.20 $697.32 $0.00 $500.81 $89,771.33
98 $89,771.33 $697.32 $0.00 $507.58 $90,976.23
99 $90,976.23 $697.32 $0.00 $514.39 $92,187.94
100 $92,187.94 $697.32 $0.00 $521.24 $93,406.50
101 $93,406.50 $697.32 $0.00 $528.13 $94,631.95
102 $94,631.95 $697.32 $0.00 $535.06 $95,864.33
103 $95,864.33 $697.32 $0.00 $542.03 $97,103.68
104 $97,103.68 $697.32 $0.00 $549.04 $98,350.04
105 $98,350.04 $697.32 $0.00 $556.09 $99,603.45
106 $99,603.45 $697.32 $0.00 $563.17 $100,863.94
107 $100,863.94 $697.32 $0.00 $570.30 $102,131.56
108 $102,131.56 $697.32 $0.00 $577.47 $103,406.35
109 $103,406.35 $697.32 $0.00 $584.67 $104,688.34
110 $104,688.34 $697.32 $0.00 $591.92 $105,977.58
111 $105,977.58 $697.32 $0.00 $599.21 $107,274.11
112 $107,274.11 $697.32 $0.00 $606.54 $108,577.97
113 $108,577.97 $697.32 $0.00 $613.92 $109,889.21
114 $109,889.21 $697.32 $0.00 $621.33 $111,207.86
115 $111,207.86 $697.32 $0.00 $628.79 $112,533.97
116 $112,533.97 $697.32 $0.00 $636.28 $113,867.57
117 $113,867.57 $697.32 $0.00 $643.82 $115,208.71
118 $115,208.71 $697.32 $0.00 $651.41 $116,557.44
119 $116,557.44 $697.32 $0.00 $659.03 $117,913.79
120 $117,913.79 $697.32 $0.00 $666.70 $119,277.81
121 $119,277.81 $697.32 $0.00 $674.41 $120,649.54
122 $120,649.54 $697.32 $0.00 $682.17 $122,029.03
123 $122,029.03 $697.32 $0.00 $689.97 $123,416.32
124 $123,416.32 $697.32 $0.00 $697.81 $124,811.45
125 $124,811.45 $697.32 $0.00 $705.70 $126,214.47
126 $126,214.47 $697.32 $0.00 $713.63 $127,625.42
127 $127,625.42 $697.32 $0.00 $721.61 $129,044.35
128 $129,044.35 $697.32 $0.00 $729.64 $130,471.31
129 $130,471.31 $697.32 $0.00 $737.70 $131,906.33
130 $131,906.33 $697.32 $0.00 $745.82 $133,349.47
131 $133,349.47 $697.32 $0.00 $753.98 $134,800.77
132 $134,800.77 $697.32 $0.00 $762.18 $136,260.27
133 $136,260.27 $697.32 $0.00 $770.44 $137,728.03
134 $137,728.03 $697.32 $0.00 $778.73 $139,204.08
135 $139,204.08 $697.32 $0.00 $787.08 $140,688.48
136 $140,688.48 $697.32 $0.00 $795.47 $142,181.27
137 $142,181.27 $697.32 $0.00 $803.91 $143,682.50
138 $143,682.50 $697.32 $0.00 $812.40 $145,192.22
139 $145,192.22 $697.32 $0.00 $820.94 $146,710.48
140 $146,710.48 $697.32 $0.00 $829.52 $148,237.32
141 $148,237.32 $697.32 $0.00 $838.16 $149,772.80
142 $149,772.80 $697.32 $0.00 $846.84 $151,316.96
143 $151,316.96 $697.32 $0.00 $855.57 $152,869.85
144 $152,869.85 $697.32 $0.00 $864.35 $154,431.52
145 $154,431.52 $697.32 $0.00 $873.18 $156,002.02
146 $156,002.02 $697.32 $0.00 $882.06 $157,581.40
147 $157,581.40 $697.32 $0.00 $890.99 $159,169.71
148 $159,169.71 $697.32 $0.00 $899.97 $160,767.00
149 $160,767.00 $697.32 $0.00 $909.00 $162,373.32
150 $162,373.32 $697.32 $0.00 $918.08 $163,988.72
151 $163,988.72 $697.32 $0.00 $927.22 $165,613.26
152 $165,613.26 $697.32 $0.00 $936.40 $167,246.98
153 $167,246.98 $697.32 $0.00 $945.64 $168,889.94
154 $168,889.94 $697.32 $0.00 $954.93 $170,542.19
155 $170,542.19 $697.32 $0.00 $964.27 $172,203.78
156 $172,203.78 $697.32 $0.00 $973.67 $173,874.77
157 $173,874.77 $697.32 $0.00 $983.11 $175,555.20
158 $175,555.20 $697.32 $0.00 $992.61 $177,245.13
159 $177,245.13 $697.32 $0.00 $1,002.17 $178,944.62
160 $178,944.62 $697.32 $0.00 $1,011.78 $180,653.72
161 $180,653.72 $697.32 $0.00 $1,021.44 $182,372.48
162 $182,372.48 $697.32 $0.00 $1,031.16 $184,100.96
163 $184,100.96 $697.32 $0.00 $1,040.93 $185,839.21
164 $185,839.21 $697.32 $0.00 $1,050.76 $187,587.29
165 $187,587.29 $697.32 $0.00 $1,060.65 $189,345.26
166 $189,345.26 $697.32 $0.00 $1,070.59 $191,113.17
167 $191,113.17 $697.32 $0.00 $1,080.58 $192,891.07
168 $192,891.07 $697.32 $0.00 $1,090.63 $194,679.02
169 $194,679.02 $697.32 $0.00 $1,100.74 $196,477.08
170 $196,477.08 $697.32 $0.00 $1,110.91 $198,285.31
171 $198,285.31 $697.32 $0.00 $1,121.13 $200,103.76
172 $200,103.76 $697.32 $0.00 $1,131.42 $201,932.50
173 $201,932.50 $697.32 $0.00 $1,141.76 $203,771.58
174 $203,771.58 $697.32 $0.00 $1,152.15 $205,621.05
175 $205,621.05 $697.32 $0.00 $1,162.61 $207,480.98
176 $207,480.98 $697.32 $0.00 $1,173.13 $209,351.43
177 $209,351.43 $697.32 $0.00 $1,183.70 $211,232.45
178 $211,232.45 $697.32 $0.00 $1,194.34 $213,124.11
179 $213,124.11 $697.32 $0.00 $1,205.03 $215,026.46
180 $215,026.46 $697.32 $0.00 $1,215.79 $216,939.57
181 $216,939.57 $697.32 $0.00 $1,226.61 $218,863.50
182 $218,863.50 $697.32 $0.00 $1,237.49 $220,798.31
183 $220,798.31 $697.32 $0.00 $1,248.43 $222,744.06
184 $222,744.06 $697.32 $0.00 $1,259.43 $224,700.81
185 $224,700.81 $697.32 $0.00 $1,270.49 $226,668.62
186 $226,668.62 $697.32 $0.00 $1,281.62 $228,647.56
187 $228,647.56 $697.32 $0.00 $1,292.81 $230,637.69
188 $230,637.69 $697.32 $0.00 $1,304.06 $232,639.07
189 $232,639.07 $697.32 $0.00 $1,315.38 $234,651.77
190 $234,651.77 $697.32 $0.00 $1,326.76 $236,675.85
191 $236,675.85 $697.32 $0.00 $1,338.20 $238,711.37
192 $238,711.37 $697.32 $0.00 $1,349.71 $240,758.40
193 $240,758.40 $697.32 $0.00 $1,361.28 $242,817.00
194 $242,817.00 $697.32 $0.00 $1,372.92 $244,887.24
195 $244,887.24 $697.32 $0.00 $1,384.63 $246,969.19
196 $246,969.19 $697.32 $0.00 $1,396.40 $249,062.91
197 $249,062.91 $697.32 $0.00 $1,408.24 $251,168.47
198 $251,168.47 $697.32 $0.00 $1,420.14 $253,285.93
199 $253,285.93 $697.32 $0.00 $1,432.12 $255,415.37
200 $255,415.37 $697.32 $0.00 $1,444.16 $257,556.85
201 $257,556.85 $697.32 $0.00 $1,456.26 $259,710.43
202 $259,710.43 $697.32 $0.00 $1,468.44 $261,876.19
203 $261,876.19 $697.32 $0.00 $1,480.69 $264,054.20
204 $264,054.20 $697.32 $0.00 $1,493.00 $266,244.52
205 $266,244.52 $697.32 $0.00 $1,505.39 $268,447.23
206 $268,447.23 $697.32 $0.00 $1,517.84 $270,662.39
207 $270,662.39 $697.32 $0.00 $1,530.36 $272,890.07
208 $272,890.07 $697.32 $0.00 $1,542.96 $275,130.35
209 $275,130.35 $697.32 $0.00 $1,555.63 $277,383.30
210 $277,383.30 $697.32 $0.00 $1,568.37 $279,648.99
211 $279,648.99 $697.32 $0.00 $1,581.18 $281,927.49
212 $281,927.49 $697.32 $0.00 $1,594.06 $284,218.87
213 $284,218.87 $697.32 $0.00 $1,607.01 $286,523.20
214 $286,523.20 $697.32 $0.00 $1,620.04 $288,840.56
215 $288,840.56 $697.32 $0.00 $1,633.15 $291,171.03
216 $291,171.03 $697.32 $0.00 $1,646.32 $293,514.67
217 $293,514.67 $697.32 $79,489.25 $1,659.57 $216,382.31
218 $216,382.31 $697.32 $0.00 $1,223.46 $218,303.09
219 $218,303.09 $697.32 $0.00 $1,234.32 $220,234.73
220 $220,234.73 $697.32 $0.00 $1,245.24 $222,177.29
221 $222,177.29 $697.32 $0.00 $1,256.22 $224,130.83
222 $224,130.83 $697.32 $0.00 $1,267.27 $226,095.42
223 $226,095.42 $697.32 $0.00 $1,278.38 $228,071.12
224 $228,071.12 $697.32 $0.00 $1,289.55 $230,057.99
225 $230,057.99 $697.32 $0.00 $1,300.78 $232,056.09
226 $232,056.09 $697.32 $0.00 $1,312.08 $234,065.49
227 $234,065.49 $697.32 $0.00 $1,323.44 $236,086.25
228 $236,086.25 $697.32 $0.00 $1,334.87 $238,118.44
229 $238,118.44 $697.32 $85,053.49 $1,346.36 $155,108.63
230 $155,108.63 $697.32 $0.00 $877.01 $156,682.96
231 $156,682.96 $697.32 $0.00 $885.91 $158,266.19
232 $158,266.19 $697.32 $0.00 $894.86 $159,858.37
233 $159,858.37 $697.32 $0.00 $903.86 $161,459.55
234 $161,459.55 $697.32 $0.00 $912.92 $163,069.79
235 $163,069.79 $697.32 $0.00 $922.02 $164,689.13
236 $164,689.13 $697.32 $0.00 $931.18 $166,317.63
237 $166,317.63 $697.32 $0.00 $940.38 $167,955.33
238 $167,955.33 $697.32 $0.00 $949.64 $169,602.29
239 $169,602.29 $697.32 $0.00 $958.96 $171,258.57
240 $171,258.57 $697.32 $0.00 $968.32 $172,924.21
241 $172,924.21 $697.32 $91,007.24 $977.74 $83,592.03
242 $83,592.03 $697.32 $0.00 $472.64 $84,761.99
243 $84,761.99 $697.32 $0.00 $479.26 $85,938.57
244 $85,938.57 $697.32 $0.00 $485.91 $87,121.80
245 $87,121.80 $697.32 $0.00 $492.60 $88,311.72
246 $88,311.72 $697.32 $0.00 $499.33 $89,508.37
247 $89,508.37 $697.32 $0.00 $506.09 $90,711.78
248 $90,711.78 $697.32 $0.00 $512.90 $91,922.00
249 $91,922.00 $697.32 $0.00 $519.74 $93,139.06
250 $93,139.06 $697.32 $0.00 $526.62 $94,363.00
251 $94,363.00 $697.32 $0.00 $533.54 $95,593.86
252 $95,593.86 $697.32 $0.00 $540.50 $96,831.68
253 $96,831.68 $0.00 $97,377.75 $547.50 $1.43