Savings Plan and Future Cost Estimation for Alabama State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$82,950
Monthly savings required$656

How much will it cost to send your child to Alabama State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $331,798.28 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $655.57 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$22,110.00
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 $655.57 $0.00 $0.00 $655.57
2 $655.57 $655.57 $0.00 $3.71 $1,314.85
3 $1,314.85 $655.57 $0.00 $7.43 $1,977.85
4 $1,977.85 $655.57 $0.00 $11.18 $2,644.60
5 $2,644.60 $655.57 $0.00 $14.95 $3,315.12
6 $3,315.12 $655.57 $0.00 $18.74 $3,989.43
7 $3,989.43 $655.57 $0.00 $22.56 $4,667.56
8 $4,667.56 $655.57 $0.00 $26.39 $5,349.52
9 $5,349.52 $655.57 $0.00 $30.25 $6,035.34
10 $6,035.34 $655.57 $0.00 $34.12 $6,725.03
11 $6,725.03 $655.57 $0.00 $38.02 $7,418.62
12 $7,418.62 $655.57 $0.00 $41.95 $8,116.14
13 $8,116.14 $655.57 $0.00 $45.89 $8,817.60
14 $8,817.60 $655.57 $0.00 $49.86 $9,523.03
15 $9,523.03 $655.57 $0.00 $53.84 $10,232.44
16 $10,232.44 $655.57 $0.00 $57.86 $10,945.87
17 $10,945.87 $655.57 $0.00 $61.89 $11,663.33
18 $11,663.33 $655.57 $0.00 $65.95 $12,384.85
19 $12,384.85 $655.57 $0.00 $70.03 $13,110.45
20 $13,110.45 $655.57 $0.00 $74.13 $13,840.15
21 $13,840.15 $655.57 $0.00 $78.25 $14,573.97
22 $14,573.97 $655.57 $0.00 $82.40 $15,311.94
23 $15,311.94 $655.57 $0.00 $86.58 $16,054.09
24 $16,054.09 $655.57 $0.00 $90.77 $16,800.43
25 $16,800.43 $655.57 $0.00 $94.99 $17,550.99
26 $17,550.99 $655.57 $0.00 $99.24 $18,305.80
27 $18,305.80 $655.57 $0.00 $103.50 $19,064.87
28 $19,064.87 $655.57 $0.00 $107.80 $19,828.24
29 $19,828.24 $655.57 $0.00 $112.11 $20,595.92
30 $20,595.92 $655.57 $0.00 $116.45 $21,367.94
31 $21,367.94 $655.57 $0.00 $120.82 $22,144.33
32 $22,144.33 $655.57 $0.00 $125.21 $22,925.11
33 $22,925.11 $655.57 $0.00 $129.62 $23,710.30
34 $23,710.30 $655.57 $0.00 $134.06 $24,499.93
35 $24,499.93 $655.57 $0.00 $138.53 $25,294.03
36 $25,294.03 $655.57 $0.00 $143.02 $26,092.62
37 $26,092.62 $655.57 $0.00 $147.53 $26,895.72
38 $26,895.72 $655.57 $0.00 $152.07 $27,703.36
39 $27,703.36 $655.57 $0.00 $156.64 $28,515.57
40 $28,515.57 $655.57 $0.00 $161.23 $29,332.37
41 $29,332.37 $655.57 $0.00 $165.85 $30,153.79
42 $30,153.79 $655.57 $0.00 $170.49 $30,979.85
43 $30,979.85 $655.57 $0.00 $175.16 $31,810.58
44 $31,810.58 $655.57 $0.00 $179.86 $32,646.01
45 $32,646.01 $655.57 $0.00 $184.59 $33,486.17
46 $33,486.17 $655.57 $0.00 $189.34 $34,331.08
47 $34,331.08 $655.57 $0.00 $194.11 $35,180.76
48 $35,180.76 $655.57 $0.00 $198.92 $36,035.25
49 $36,035.25 $655.57 $0.00 $203.75 $36,894.57
50 $36,894.57 $655.57 $0.00 $208.61 $37,758.75
51 $37,758.75 $655.57 $0.00 $213.49 $38,627.81
52 $38,627.81 $655.57 $0.00 $218.41 $39,501.79
53 $39,501.79 $655.57 $0.00 $223.35 $40,380.71
54 $40,380.71 $655.57 $0.00 $228.32 $41,264.60
55 $41,264.60 $655.57 $0.00 $233.32 $42,153.49
56 $42,153.49 $655.57 $0.00 $238.34 $43,047.40
57 $43,047.40 $655.57 $0.00 $243.40 $43,946.37
58 $43,946.37 $655.57 $0.00 $248.48 $44,850.42
59 $44,850.42 $655.57 $0.00 $253.59 $45,759.58
60 $45,759.58 $655.57 $0.00 $258.73 $46,673.88
61 $46,673.88 $655.57 $0.00 $263.90 $47,593.35
62 $47,593.35 $655.57 $0.00 $269.10 $48,518.02
63 $48,518.02 $655.57 $0.00 $274.33 $49,447.92
64 $49,447.92 $655.57 $0.00 $279.59 $50,383.08
65 $50,383.08 $655.57 $0.00 $284.87 $51,323.52
66 $51,323.52 $655.57 $0.00 $290.19 $52,269.28
67 $52,269.28 $655.57 $0.00 $295.54 $53,220.39
68 $53,220.39 $655.57 $0.00 $300.92 $54,176.88
69 $54,176.88 $655.57 $0.00 $306.32 $55,138.77
70 $55,138.77 $655.57 $0.00 $311.76 $56,106.10
71 $56,106.10 $655.57 $0.00 $317.23 $57,078.90
72 $57,078.90 $655.57 $0.00 $322.73 $58,057.20
73 $58,057.20 $655.57 $0.00 $328.26 $59,041.03
74 $59,041.03 $655.57 $0.00 $333.83 $60,030.43
75 $60,030.43 $655.57 $0.00 $339.42 $61,025.42
76 $61,025.42 $655.57 $0.00 $345.05 $62,026.04
77 $62,026.04 $655.57 $0.00 $350.70 $63,032.31
78 $63,032.31 $655.57 $0.00 $356.39 $64,044.27
79 $64,044.27 $655.57 $0.00 $362.12 $65,061.96
80 $65,061.96 $655.57 $0.00 $367.87 $66,085.40
81 $66,085.40 $655.57 $0.00 $373.66 $67,114.63
82 $67,114.63 $655.57 $0.00 $379.48 $68,149.68
83 $68,149.68 $655.57 $0.00 $385.33 $69,190.58
84 $69,190.58 $655.57 $0.00 $391.21 $70,237.36
85 $70,237.36 $655.57 $0.00 $397.13 $71,290.06
86 $71,290.06 $655.57 $0.00 $403.08 $72,348.71
87 $72,348.71 $655.57 $0.00 $409.07 $73,413.35
88 $73,413.35 $655.57 $0.00 $415.09 $74,484.01
89 $74,484.01 $655.57 $0.00 $421.14 $75,560.72
90 $75,560.72 $655.57 $0.00 $427.23 $76,643.52
91 $76,643.52 $655.57 $0.00 $433.35 $77,732.44
92 $77,732.44 $655.57 $0.00 $439.51 $78,827.52
93 $78,827.52 $655.57 $0.00 $445.70 $79,928.79
94 $79,928.79 $655.57 $0.00 $451.93 $81,036.29
95 $81,036.29 $655.57 $0.00 $458.19 $82,150.05
96 $82,150.05 $655.57 $0.00 $464.49 $83,270.11
97 $83,270.11 $655.57 $0.00 $470.82 $84,396.50
98 $84,396.50 $655.57 $0.00 $477.19 $85,529.26
99 $85,529.26 $655.57 $0.00 $483.59 $86,668.42
100 $86,668.42 $655.57 $0.00 $490.04 $87,814.03
101 $87,814.03 $655.57 $0.00 $496.51 $88,966.11
102 $88,966.11 $655.57 $0.00 $503.03 $90,124.71
103 $90,124.71 $655.57 $0.00 $509.58 $91,289.86
104 $91,289.86 $655.57 $0.00 $516.17 $92,461.60
105 $92,461.60 $655.57 $0.00 $522.79 $93,639.96
106 $93,639.96 $655.57 $0.00 $529.45 $94,824.98
107 $94,824.98 $655.57 $0.00 $536.15 $96,016.70
108 $96,016.70 $655.57 $0.00 $542.89 $97,215.16
109 $97,215.16 $655.57 $0.00 $549.67 $98,420.40
110 $98,420.40 $655.57 $0.00 $556.48 $99,632.45
111 $99,632.45 $655.57 $0.00 $563.34 $100,851.36
112 $100,851.36 $655.57 $0.00 $570.23 $102,077.16
113 $102,077.16 $655.57 $0.00 $577.16 $103,309.89
114 $103,309.89 $655.57 $0.00 $584.13 $104,549.59
115 $104,549.59 $655.57 $0.00 $591.14 $105,796.30
116 $105,796.30 $655.57 $0.00 $598.19 $107,050.06
117 $107,050.06 $655.57 $0.00 $605.28 $108,310.91
118 $108,310.91 $655.57 $0.00 $612.41 $109,578.89
119 $109,578.89 $655.57 $0.00 $619.57 $110,854.03
120 $110,854.03 $655.57 $0.00 $626.78 $112,136.38
121 $112,136.38 $655.57 $0.00 $634.04 $113,425.99
122 $113,425.99 $655.57 $0.00 $641.33 $114,722.89
123 $114,722.89 $655.57 $0.00 $648.66 $116,027.12
124 $116,027.12 $655.57 $0.00 $656.03 $117,338.72
125 $117,338.72 $655.57 $0.00 $663.45 $118,657.74
126 $118,657.74 $655.57 $0.00 $670.91 $119,984.22
127 $119,984.22 $655.57 $0.00 $678.41 $121,318.20
128 $121,318.20 $655.57 $0.00 $685.95 $122,659.72
129 $122,659.72 $655.57 $0.00 $693.54 $124,008.83
130 $124,008.83 $655.57 $0.00 $701.16 $125,365.56
131 $125,365.56 $655.57 $0.00 $708.84 $126,729.97
132 $126,729.97 $655.57 $0.00 $716.55 $128,102.09
133 $128,102.09 $655.57 $0.00 $724.31 $129,481.97
134 $129,481.97 $655.57 $0.00 $732.11 $130,869.65
135 $130,869.65 $655.57 $0.00 $739.96 $132,265.18
136 $132,265.18 $655.57 $0.00 $747.85 $133,668.60
137 $133,668.60 $655.57 $0.00 $755.78 $135,079.95
138 $135,079.95 $655.57 $0.00 $763.76 $136,499.28
139 $136,499.28 $655.57 $0.00 $771.79 $137,926.64
140 $137,926.64 $655.57 $0.00 $779.86 $139,362.07
141 $139,362.07 $655.57 $0.00 $787.97 $140,805.61
142 $140,805.61 $655.57 $0.00 $796.14 $142,257.32
143 $142,257.32 $655.57 $0.00 $804.34 $143,717.23
144 $143,717.23 $655.57 $0.00 $812.60 $145,185.40
145 $145,185.40 $655.57 $0.00 $820.90 $146,661.87
146 $146,661.87 $655.57 $0.00 $829.25 $148,146.69
147 $148,146.69 $655.57 $0.00 $837.64 $149,639.90
148 $149,639.90 $655.57 $0.00 $846.09 $151,141.56
149 $151,141.56 $655.57 $0.00 $854.58 $152,651.71
150 $152,651.71 $655.57 $0.00 $863.11 $154,170.39
151 $154,170.39 $655.57 $0.00 $871.70 $155,697.66
152 $155,697.66 $655.57 $0.00 $880.34 $157,233.57
153 $157,233.57 $655.57 $0.00 $889.02 $158,778.16
154 $158,778.16 $655.57 $0.00 $897.75 $160,331.48
155 $160,331.48 $655.57 $0.00 $906.54 $161,893.59
156 $161,893.59 $655.57 $0.00 $915.37 $163,464.53
157 $163,464.53 $655.57 $0.00 $924.25 $165,044.35
158 $165,044.35 $655.57 $0.00 $933.18 $166,633.10
159 $166,633.10 $655.57 $0.00 $942.17 $168,230.84
160 $168,230.84 $655.57 $0.00 $951.20 $169,837.61
161 $169,837.61 $655.57 $0.00 $960.29 $171,453.47
162 $171,453.47 $655.57 $0.00 $969.42 $173,078.46
163 $173,078.46 $655.57 $0.00 $978.61 $174,712.64
164 $174,712.64 $655.57 $0.00 $987.85 $176,356.06
165 $176,356.06 $655.57 $0.00 $997.14 $178,008.77
166 $178,008.77 $655.57 $0.00 $1,006.49 $179,670.83
167 $179,670.83 $655.57 $0.00 $1,015.88 $181,342.28
168 $181,342.28 $655.57 $0.00 $1,025.34 $183,023.19
169 $183,023.19 $655.57 $0.00 $1,034.84 $184,713.60
170 $184,713.60 $655.57 $0.00 $1,044.40 $186,413.57
171 $186,413.57 $655.57 $0.00 $1,054.01 $188,123.15
172 $188,123.15 $655.57 $0.00 $1,063.68 $189,842.40
173 $189,842.40 $655.57 $0.00 $1,073.40 $191,571.37
174 $191,571.37 $655.57 $0.00 $1,083.17 $193,310.11
175 $193,310.11 $655.57 $0.00 $1,093.00 $195,058.68
176 $195,058.68 $655.57 $0.00 $1,102.89 $196,817.14
177 $196,817.14 $655.57 $0.00 $1,112.83 $198,585.54
178 $198,585.54 $655.57 $0.00 $1,122.83 $200,363.94
179 $200,363.94 $655.57 $0.00 $1,132.89 $202,152.40
180 $202,152.40 $655.57 $0.00 $1,143.00 $203,950.97
181 $203,950.97 $655.57 $0.00 $1,153.17 $205,759.71
182 $205,759.71 $655.57 $0.00 $1,163.40 $207,578.68
183 $207,578.68 $655.57 $0.00 $1,173.68 $209,407.93
184 $209,407.93 $655.57 $0.00 $1,184.02 $211,247.52
185 $211,247.52 $655.57 $0.00 $1,194.42 $213,097.51
186 $213,097.51 $655.57 $0.00 $1,204.88 $214,957.96
187 $214,957.96 $655.57 $0.00 $1,215.40 $216,828.93
188 $216,828.93 $655.57 $0.00 $1,225.98 $218,710.48
189 $218,710.48 $655.57 $0.00 $1,236.62 $220,602.67
190 $220,602.67 $655.57 $0.00 $1,247.32 $222,505.56
191 $222,505.56 $655.57 $0.00 $1,258.08 $224,419.21
192 $224,419.21 $655.57 $0.00 $1,268.90 $226,343.68
193 $226,343.68 $655.57 $0.00 $1,279.78 $228,279.03
194 $228,279.03 $655.57 $0.00 $1,290.72 $230,225.32
195 $230,225.32 $655.57 $0.00 $1,301.73 $232,182.62
196 $232,182.62 $655.57 $0.00 $1,312.79 $234,150.98
197 $234,150.98 $655.57 $0.00 $1,323.92 $236,130.47
198 $236,130.47 $655.57 $0.00 $1,335.12 $238,121.16
199 $238,121.16 $655.57 $0.00 $1,346.37 $240,123.10
200 $240,123.10 $655.57 $0.00 $1,357.69 $242,136.36
201 $242,136.36 $655.57 $0.00 $1,369.07 $244,161.00
202 $244,161.00 $655.57 $0.00 $1,380.52 $246,197.09
203 $246,197.09 $655.57 $0.00 $1,392.03 $248,244.69
204 $248,244.69 $655.57 $0.00 $1,403.61 $250,303.87
205 $250,303.87 $655.57 $0.00 $1,415.25 $252,374.69
206 $252,374.69 $655.57 $0.00 $1,426.96 $254,457.22
207 $254,457.22 $655.57 $0.00 $1,438.74 $256,551.53
208 $256,551.53 $655.57 $0.00 $1,450.58 $258,657.68
209 $258,657.68 $655.57 $0.00 $1,462.49 $260,775.74
210 $260,775.74 $655.57 $0.00 $1,474.46 $262,905.77
211 $262,905.77 $655.57 $0.00 $1,486.51 $265,047.85
212 $265,047.85 $655.57 $0.00 $1,498.62 $267,202.04
213 $267,202.04 $655.57 $0.00 $1,510.80 $269,368.41
214 $269,368.41 $655.57 $0.00 $1,523.05 $271,547.03
215 $271,547.03 $655.57 $0.00 $1,535.37 $273,737.97
216 $273,737.97 $655.57 $0.00 $1,547.75 $275,941.29
217 $275,941.29 $655.57 $74,730.30 $1,560.21 $203,426.77
218 $203,426.77 $655.57 $0.00 $1,150.20 $205,232.54
219 $205,232.54 $655.57 $0.00 $1,160.41 $207,048.52
220 $207,048.52 $655.57 $0.00 $1,170.68 $208,874.77
221 $208,874.77 $655.57 $0.00 $1,181.01 $210,711.35
222 $210,711.35 $655.57 $0.00 $1,191.39 $212,558.31
223 $212,558.31 $655.57 $0.00 $1,201.84 $214,415.72
224 $214,415.72 $655.57 $0.00 $1,212.34 $216,283.63
225 $216,283.63 $655.57 $0.00 $1,222.90 $218,162.10
226 $218,162.10 $655.57 $0.00 $1,233.52 $220,051.19
227 $220,051.19 $655.57 $0.00 $1,244.20 $221,950.96
228 $221,950.96 $655.57 $0.00 $1,254.94 $223,861.47
229 $223,861.47 $655.57 $79,961.42 $1,265.75 $145,821.37
230 $145,821.37 $655.57 $0.00 $824.50 $147,301.44
231 $147,301.44 $655.57 $0.00 $832.86 $148,789.87
232 $148,789.87 $655.57 $0.00 $841.28 $150,286.72
233 $150,286.72 $655.57 $0.00 $849.74 $151,792.03
234 $151,792.03 $655.57 $0.00 $858.25 $153,305.85
235 $153,305.85 $655.57 $0.00 $866.81 $154,828.23
236 $154,828.23 $655.57 $0.00 $875.42 $156,359.22
237 $156,359.22 $655.57 $0.00 $884.08 $157,898.87
238 $157,898.87 $655.57 $0.00 $892.78 $159,447.22
239 $159,447.22 $655.57 $0.00 $901.54 $161,004.33
240 $161,004.33 $655.57 $0.00 $910.34 $162,570.24
241 $162,570.24 $655.57 $85,558.72 $919.20 $78,586.29
242 $78,586.29 $655.57 $0.00 $444.34 $79,686.20
243 $79,686.20 $655.57 $0.00 $450.56 $80,792.33
244 $80,792.33 $655.57 $0.00 $456.81 $81,904.71
245 $81,904.71 $655.57 $0.00 $463.10 $83,023.38
246 $83,023.38 $655.57 $0.00 $469.43 $84,148.38
247 $84,148.38 $655.57 $0.00 $475.79 $85,279.74
248 $85,279.74 $655.57 $0.00 $482.18 $86,417.49
249 $86,417.49 $655.57 $0.00 $488.62 $87,561.68
250 $87,561.68 $655.57 $0.00 $495.09 $88,712.34
251 $88,712.34 $655.57 $0.00 $501.59 $89,869.50
252 $89,869.50 $655.57 $0.00 $508.14 $91,033.21
253 $91,033.21 $0.00 $91,547.83 $514.72 $0.10