Savings Plan and Future Cost Estimation for University of South Alabama

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$88,933
Monthly savings required$703

How much will it cost to send your child to University of South Alabama in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $355,733.98 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $702.86 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$23,705.00
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 $702.86 $0.00 $0.00 $702.86
2 $702.86 $702.86 $0.00 $3.97 $1,409.69
3 $1,409.69 $702.86 $0.00 $7.97 $2,120.52
4 $2,120.52 $702.86 $0.00 $11.99 $2,835.37
5 $2,835.37 $702.86 $0.00 $16.03 $3,554.26
6 $3,554.26 $702.86 $0.00 $20.10 $4,277.22
7 $4,277.22 $702.86 $0.00 $24.18 $5,004.26
8 $5,004.26 $702.86 $0.00 $28.29 $5,735.41
9 $5,735.41 $702.86 $0.00 $32.43 $6,470.70
10 $6,470.70 $702.86 $0.00 $36.59 $7,210.15
11 $7,210.15 $702.86 $0.00 $40.77 $7,953.78
12 $7,953.78 $702.86 $0.00 $44.97 $8,701.61
13 $8,701.61 $702.86 $0.00 $49.20 $9,453.67
14 $9,453.67 $702.86 $0.00 $53.45 $10,209.98
15 $10,209.98 $702.86 $0.00 $57.73 $10,970.57
16 $10,970.57 $702.86 $0.00 $62.03 $11,735.46
17 $11,735.46 $702.86 $0.00 $66.35 $12,504.67
18 $12,504.67 $702.86 $0.00 $70.70 $13,278.23
19 $13,278.23 $702.86 $0.00 $75.08 $14,056.17
20 $14,056.17 $702.86 $0.00 $79.48 $14,838.51
21 $14,838.51 $702.86 $0.00 $83.90 $15,625.27
22 $15,625.27 $702.86 $0.00 $88.35 $16,416.48
23 $16,416.48 $702.86 $0.00 $92.82 $17,212.16
24 $17,212.16 $702.86 $0.00 $97.32 $18,012.34
25 $18,012.34 $702.86 $0.00 $101.84 $18,817.04
26 $18,817.04 $702.86 $0.00 $106.39 $19,626.29
27 $19,626.29 $702.86 $0.00 $110.97 $20,440.12
28 $20,440.12 $702.86 $0.00 $115.57 $21,258.55
29 $21,258.55 $702.86 $0.00 $120.20 $22,081.61
30 $22,081.61 $702.86 $0.00 $124.85 $22,909.32
31 $22,909.32 $702.86 $0.00 $129.53 $23,741.71
32 $23,741.71 $702.86 $0.00 $134.24 $24,578.81
33 $24,578.81 $702.86 $0.00 $138.97 $25,420.64
34 $25,420.64 $702.86 $0.00 $143.73 $26,267.23
35 $26,267.23 $702.86 $0.00 $148.52 $27,118.61
36 $27,118.61 $702.86 $0.00 $153.33 $27,974.80
37 $27,974.80 $702.86 $0.00 $158.17 $28,835.83
38 $28,835.83 $702.86 $0.00 $163.04 $29,701.73
39 $29,701.73 $702.86 $0.00 $167.94 $30,572.53
40 $30,572.53 $702.86 $0.00 $172.86 $31,448.25
41 $31,448.25 $702.86 $0.00 $177.81 $32,328.92
42 $32,328.92 $702.86 $0.00 $182.79 $33,214.57
43 $33,214.57 $702.86 $0.00 $187.80 $34,105.23
44 $34,105.23 $702.86 $0.00 $192.84 $35,000.93
45 $35,000.93 $702.86 $0.00 $197.90 $35,901.69
46 $35,901.69 $702.86 $0.00 $202.99 $36,807.54
47 $36,807.54 $702.86 $0.00 $208.12 $37,718.52
48 $37,718.52 $702.86 $0.00 $213.27 $38,634.65
49 $38,634.65 $702.86 $0.00 $218.45 $39,555.96
50 $39,555.96 $702.86 $0.00 $223.66 $40,482.48
51 $40,482.48 $702.86 $0.00 $228.89 $41,414.23
52 $41,414.23 $702.86 $0.00 $234.16 $42,351.25
53 $42,351.25 $702.86 $0.00 $239.46 $43,293.57
54 $43,293.57 $702.86 $0.00 $244.79 $44,241.22
55 $44,241.22 $702.86 $0.00 $250.15 $45,194.23
56 $45,194.23 $702.86 $0.00 $255.53 $46,152.62
57 $46,152.62 $702.86 $0.00 $260.95 $47,116.43
58 $47,116.43 $702.86 $0.00 $266.40 $48,085.69
59 $48,085.69 $702.86 $0.00 $271.88 $49,060.43
60 $49,060.43 $702.86 $0.00 $277.39 $50,040.68
61 $50,040.68 $702.86 $0.00 $282.94 $51,026.48
62 $51,026.48 $702.86 $0.00 $288.51 $52,017.85
63 $52,017.85 $702.86 $0.00 $294.12 $53,014.83
64 $53,014.83 $702.86 $0.00 $299.75 $54,017.44
65 $54,017.44 $702.86 $0.00 $305.42 $55,025.72
66 $55,025.72 $702.86 $0.00 $311.12 $56,039.70
67 $56,039.70 $702.86 $0.00 $316.86 $57,059.42
68 $57,059.42 $702.86 $0.00 $322.62 $58,084.90
69 $58,084.90 $702.86 $0.00 $328.42 $59,116.18
70 $59,116.18 $702.86 $0.00 $334.25 $60,153.29
71 $60,153.29 $702.86 $0.00 $340.12 $61,196.27
72 $61,196.27 $702.86 $0.00 $346.01 $62,245.14
73 $62,245.14 $702.86 $0.00 $351.94 $63,299.94
74 $63,299.94 $702.86 $0.00 $357.91 $64,360.71
75 $64,360.71 $702.86 $0.00 $363.90 $65,427.47
76 $65,427.47 $702.86 $0.00 $369.94 $66,500.27
77 $66,500.27 $702.86 $0.00 $376.00 $67,579.13
78 $67,579.13 $702.86 $0.00 $382.10 $68,664.09
79 $68,664.09 $702.86 $0.00 $388.24 $69,755.19
80 $69,755.19 $702.86 $0.00 $394.41 $70,852.46
81 $70,852.46 $702.86 $0.00 $400.61 $71,955.93
82 $71,955.93 $702.86 $0.00 $406.85 $73,065.64
83 $73,065.64 $702.86 $0.00 $413.12 $74,181.62
84 $74,181.62 $702.86 $0.00 $419.43 $75,303.91
85 $75,303.91 $702.86 $0.00 $425.78 $76,432.55
86 $76,432.55 $702.86 $0.00 $432.16 $77,567.57
87 $77,567.57 $702.86 $0.00 $438.58 $78,709.01
88 $78,709.01 $702.86 $0.00 $445.03 $79,856.90
89 $79,856.90 $702.86 $0.00 $451.52 $81,011.28
90 $81,011.28 $702.86 $0.00 $458.05 $82,172.19
91 $82,172.19 $702.86 $0.00 $464.61 $83,339.66
92 $83,339.66 $702.86 $0.00 $471.21 $84,513.73
93 $84,513.73 $702.86 $0.00 $477.85 $85,694.44
94 $85,694.44 $702.86 $0.00 $484.53 $86,881.83
95 $86,881.83 $702.86 $0.00 $491.24 $88,075.93
96 $88,075.93 $702.86 $0.00 $497.99 $89,276.78
97 $89,276.78 $702.86 $0.00 $504.78 $90,484.42
98 $90,484.42 $702.86 $0.00 $511.61 $91,698.89
99 $91,698.89 $702.86 $0.00 $518.48 $92,920.23
100 $92,920.23 $702.86 $0.00 $525.38 $94,148.47
101 $94,148.47 $702.86 $0.00 $532.33 $95,383.66
102 $95,383.66 $702.86 $0.00 $539.31 $96,625.83
103 $96,625.83 $702.86 $0.00 $546.34 $97,875.03
104 $97,875.03 $702.86 $0.00 $553.40 $99,131.29
105 $99,131.29 $702.86 $0.00 $560.50 $100,394.65
106 $100,394.65 $702.86 $0.00 $567.65 $101,665.16
107 $101,665.16 $702.86 $0.00 $574.83 $102,942.85
108 $102,942.85 $702.86 $0.00 $582.05 $104,227.76
109 $104,227.76 $702.86 $0.00 $589.32 $105,519.94
110 $105,519.94 $702.86 $0.00 $596.63 $106,819.43
111 $106,819.43 $702.86 $0.00 $603.97 $108,126.26
112 $108,126.26 $702.86 $0.00 $611.36 $109,440.48
113 $109,440.48 $702.86 $0.00 $618.79 $110,762.13
114 $110,762.13 $702.86 $0.00 $626.27 $112,091.26
115 $112,091.26 $702.86 $0.00 $633.78 $113,427.90
116 $113,427.90 $702.86 $0.00 $641.34 $114,772.10
117 $114,772.10 $702.86 $0.00 $648.94 $116,123.90
118 $116,123.90 $702.86 $0.00 $656.58 $117,483.34
119 $117,483.34 $702.86 $0.00 $664.27 $118,850.47
120 $118,850.47 $702.86 $0.00 $672.00 $120,225.33
121 $120,225.33 $702.86 $0.00 $679.77 $121,607.96
122 $121,607.96 $702.86 $0.00 $687.59 $122,998.41
123 $122,998.41 $702.86 $0.00 $695.45 $124,396.72
124 $124,396.72 $702.86 $0.00 $703.36 $125,802.94
125 $125,802.94 $702.86 $0.00 $711.31 $127,217.11
126 $127,217.11 $702.86 $0.00 $719.30 $128,639.27
127 $128,639.27 $702.86 $0.00 $727.35 $130,069.48
128 $130,069.48 $702.86 $0.00 $735.43 $131,507.77
129 $131,507.77 $702.86 $0.00 $743.56 $132,954.19
130 $132,954.19 $702.86 $0.00 $751.74 $134,408.79
131 $134,408.79 $702.86 $0.00 $759.97 $135,871.62
132 $135,871.62 $702.86 $0.00 $768.24 $137,342.72
133 $137,342.72 $702.86 $0.00 $776.56 $138,822.14
134 $138,822.14 $702.86 $0.00 $784.92 $140,309.92
135 $140,309.92 $702.86 $0.00 $793.33 $141,806.11
136 $141,806.11 $702.86 $0.00 $801.79 $143,310.76
137 $143,310.76 $702.86 $0.00 $810.30 $144,823.92
138 $144,823.92 $702.86 $0.00 $818.86 $146,345.64
139 $146,345.64 $702.86 $0.00 $827.46 $147,875.96
140 $147,875.96 $702.86 $0.00 $836.11 $149,414.93
141 $149,414.93 $702.86 $0.00 $844.81 $150,962.60
142 $150,962.60 $702.86 $0.00 $853.56 $152,519.02
143 $152,519.02 $702.86 $0.00 $862.36 $154,084.24
144 $154,084.24 $702.86 $0.00 $871.21 $155,658.31
145 $155,658.31 $702.86 $0.00 $880.11 $157,241.28
146 $157,241.28 $702.86 $0.00 $889.07 $158,833.21
147 $158,833.21 $702.86 $0.00 $898.07 $160,434.14
148 $160,434.14 $702.86 $0.00 $907.12 $162,044.12
149 $162,044.12 $702.86 $0.00 $916.22 $163,663.20
150 $163,663.20 $702.86 $0.00 $925.38 $165,291.44
151 $165,291.44 $702.86 $0.00 $934.58 $166,928.88
152 $166,928.88 $702.86 $0.00 $943.84 $168,575.58
153 $168,575.58 $702.86 $0.00 $953.15 $170,231.59
154 $170,231.59 $702.86 $0.00 $962.51 $171,896.96
155 $171,896.96 $702.86 $0.00 $971.93 $173,571.75
156 $173,571.75 $702.86 $0.00 $981.40 $175,256.01
157 $175,256.01 $702.86 $0.00 $990.92 $176,949.79
158 $176,949.79 $702.86 $0.00 $1,000.50 $178,653.15
159 $178,653.15 $702.86 $0.00 $1,010.13 $180,366.14
160 $180,366.14 $702.86 $0.00 $1,019.82 $182,088.82
161 $182,088.82 $702.86 $0.00 $1,029.56 $183,821.24
162 $183,821.24 $702.86 $0.00 $1,039.35 $185,563.45
163 $185,563.45 $702.86 $0.00 $1,049.20 $187,315.51
164 $187,315.51 $702.86 $0.00 $1,059.11 $189,077.48
165 $189,077.48 $702.86 $0.00 $1,069.07 $190,849.41
166 $190,849.41 $702.86 $0.00 $1,079.09 $192,631.36
167 $192,631.36 $702.86 $0.00 $1,089.17 $194,423.39
168 $194,423.39 $702.86 $0.00 $1,099.30 $196,225.55
169 $196,225.55 $702.86 $0.00 $1,109.49 $198,037.90
170 $198,037.90 $702.86 $0.00 $1,119.74 $199,860.50
171 $199,860.50 $702.86 $0.00 $1,130.04 $201,693.40
172 $201,693.40 $702.86 $0.00 $1,140.40 $203,536.66
173 $203,536.66 $702.86 $0.00 $1,150.83 $205,390.35
174 $205,390.35 $702.86 $0.00 $1,161.31 $207,254.52
175 $207,254.52 $702.86 $0.00 $1,171.85 $209,129.23
176 $209,129.23 $702.86 $0.00 $1,182.45 $211,014.54
177 $211,014.54 $702.86 $0.00 $1,193.11 $212,910.51
178 $212,910.51 $702.86 $0.00 $1,203.83 $214,817.20
179 $214,817.20 $702.86 $0.00 $1,214.61 $216,734.67
180 $216,734.67 $702.86 $0.00 $1,225.45 $218,662.98
181 $218,662.98 $702.86 $0.00 $1,236.35 $220,602.19
182 $220,602.19 $702.86 $0.00 $1,247.32 $222,552.37
183 $222,552.37 $702.86 $0.00 $1,258.34 $224,513.57
184 $224,513.57 $702.86 $0.00 $1,269.43 $226,485.86
185 $226,485.86 $702.86 $0.00 $1,280.58 $228,469.30
186 $228,469.30 $702.86 $0.00 $1,291.80 $230,463.96
187 $230,463.96 $702.86 $0.00 $1,303.08 $232,469.90
188 $232,469.90 $702.86 $0.00 $1,314.42 $234,487.18
189 $234,487.18 $702.86 $0.00 $1,325.82 $236,515.86
190 $236,515.86 $702.86 $0.00 $1,337.30 $238,556.02
191 $238,556.02 $702.86 $0.00 $1,348.83 $240,607.71
192 $240,607.71 $702.86 $0.00 $1,360.43 $242,671.00
193 $242,671.00 $702.86 $0.00 $1,372.10 $244,745.96
194 $244,745.96 $702.86 $0.00 $1,383.83 $246,832.65
195 $246,832.65 $702.86 $0.00 $1,395.63 $248,931.14
196 $248,931.14 $702.86 $0.00 $1,407.49 $251,041.49
197 $251,041.49 $702.86 $0.00 $1,419.43 $253,163.78
198 $253,163.78 $702.86 $0.00 $1,431.42 $255,298.06
199 $255,298.06 $702.86 $0.00 $1,443.49 $257,444.41
200 $257,444.41 $702.86 $0.00 $1,455.63 $259,602.90
201 $259,602.90 $702.86 $0.00 $1,467.83 $261,773.59
202 $261,773.59 $702.86 $0.00 $1,480.11 $263,956.56
203 $263,956.56 $702.86 $0.00 $1,492.45 $266,151.87
204 $266,151.87 $702.86 $0.00 $1,504.86 $268,359.59
205 $268,359.59 $702.86 $0.00 $1,517.34 $270,579.79
206 $270,579.79 $702.86 $0.00 $1,529.90 $272,812.55
207 $272,812.55 $702.86 $0.00 $1,542.52 $275,057.93
208 $275,057.93 $702.86 $0.00 $1,555.22 $277,316.01
209 $277,316.01 $702.86 $0.00 $1,567.99 $279,586.86
210 $279,586.86 $702.86 $0.00 $1,580.82 $281,870.54
211 $281,870.54 $702.86 $0.00 $1,593.74 $284,167.14
212 $284,167.14 $702.86 $0.00 $1,606.72 $286,476.72
213 $286,476.72 $702.86 $0.00 $1,619.78 $288,799.36
214 $288,799.36 $702.86 $0.00 $1,632.91 $291,135.13
215 $291,135.13 $702.86 $0.00 $1,646.12 $293,484.11
216 $293,484.11 $702.86 $0.00 $1,659.40 $295,846.37
217 $295,846.37 $702.86 $80,121.29 $1,672.76 $218,100.70
218 $218,100.70 $702.86 $0.00 $1,233.17 $220,036.73
219 $220,036.73 $702.86 $0.00 $1,244.12 $221,983.71
220 $221,983.71 $702.86 $0.00 $1,255.13 $223,941.70
221 $223,941.70 $702.86 $0.00 $1,266.20 $225,910.76
222 $225,910.76 $702.86 $0.00 $1,277.33 $227,890.95
223 $227,890.95 $702.86 $0.00 $1,288.53 $229,882.34
224 $229,882.34 $702.86 $0.00 $1,299.79 $231,884.99
225 $231,884.99 $702.86 $0.00 $1,311.11 $233,898.96
226 $233,898.96 $702.86 $0.00 $1,322.50 $235,924.32
227 $235,924.32 $702.86 $0.00 $1,333.95 $237,961.13
228 $237,961.13 $702.86 $0.00 $1,345.47 $240,009.46
229 $240,009.46 $702.86 $85,729.79 $1,357.05 $156,339.58
230 $156,339.58 $702.86 $0.00 $883.97 $157,926.41
231 $157,926.41 $702.86 $0.00 $892.94 $159,522.21
232 $159,522.21 $702.86 $0.00 $901.96 $161,127.03
233 $161,127.03 $702.86 $0.00 $911.04 $162,740.93
234 $162,740.93 $702.86 $0.00 $920.16 $164,363.95
235 $164,363.95 $702.86 $0.00 $929.34 $165,996.15
236 $165,996.15 $702.86 $0.00 $938.57 $167,637.58
237 $167,637.58 $702.86 $0.00 $947.85 $169,288.29
238 $169,288.29 $702.86 $0.00 $957.18 $170,948.33
239 $170,948.33 $702.86 $0.00 $966.57 $172,617.76
240 $172,617.76 $702.86 $0.00 $976.01 $174,296.63
241 $174,296.63 $702.86 $91,730.87 $985.50 $84,254.12
242 $84,254.12 $702.86 $0.00 $476.39 $85,433.37
243 $85,433.37 $702.86 $0.00 $483.05 $86,619.28
244 $86,619.28 $702.86 $0.00 $489.76 $87,811.90
245 $87,811.90 $702.86 $0.00 $496.50 $89,011.26
246 $89,011.26 $702.86 $0.00 $503.28 $90,217.40
247 $90,217.40 $702.86 $0.00 $510.10 $91,430.36
248 $91,430.36 $702.86 $0.00 $516.96 $92,650.18
249 $92,650.18 $702.86 $0.00 $523.86 $93,876.90
250 $93,876.90 $702.86 $0.00 $530.79 $95,110.55
251 $95,110.55 $702.86 $0.00 $537.77 $96,351.18
252 $96,351.18 $702.86 $0.00 $544.78 $97,598.82
253 $97,598.82 $0.00 $98,152.03 $551.84 -$1.37