Savings Plan and Future Cost Estimation for University of West Alabama

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$88,637
Monthly savings required$701

How much will it cost to send your child to University of West Alabama in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $354,548.45 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $700.52 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$23,626.00
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 $700.52 $0.00 $0.00 $700.52
2 $700.52 $700.52 $0.00 $3.96 $1,405.00
3 $1,405.00 $700.52 $0.00 $7.94 $2,113.46
4 $2,113.46 $700.52 $0.00 $11.95 $2,825.93
5 $2,825.93 $700.52 $0.00 $15.98 $3,542.43
6 $3,542.43 $700.52 $0.00 $20.03 $4,262.98
7 $4,262.98 $700.52 $0.00 $24.10 $4,987.60
8 $4,987.60 $700.52 $0.00 $28.20 $5,716.32
9 $5,716.32 $700.52 $0.00 $32.32 $6,449.16
10 $6,449.16 $700.52 $0.00 $36.46 $7,186.14
11 $7,186.14 $700.52 $0.00 $40.63 $7,927.29
12 $7,927.29 $700.52 $0.00 $44.82 $8,672.63
13 $8,672.63 $700.52 $0.00 $49.04 $9,422.19
14 $9,422.19 $700.52 $0.00 $53.27 $10,175.98
15 $10,175.98 $700.52 $0.00 $57.54 $10,934.04
16 $10,934.04 $700.52 $0.00 $61.82 $11,696.38
17 $11,696.38 $700.52 $0.00 $66.13 $12,463.03
18 $12,463.03 $700.52 $0.00 $70.47 $13,234.02
19 $13,234.02 $700.52 $0.00 $74.83 $14,009.37
20 $14,009.37 $700.52 $0.00 $79.21 $14,789.10
21 $14,789.10 $700.52 $0.00 $83.62 $15,573.24
22 $15,573.24 $700.52 $0.00 $88.05 $16,361.81
23 $16,361.81 $700.52 $0.00 $92.51 $17,154.84
24 $17,154.84 $700.52 $0.00 $97.00 $17,952.36
25 $17,952.36 $700.52 $0.00 $101.51 $18,754.39
26 $18,754.39 $700.52 $0.00 $106.04 $19,560.95
27 $19,560.95 $700.52 $0.00 $110.60 $20,372.07
28 $20,372.07 $700.52 $0.00 $115.19 $21,187.78
29 $21,187.78 $700.52 $0.00 $119.80 $22,008.10
30 $22,008.10 $700.52 $0.00 $124.44 $22,833.06
31 $22,833.06 $700.52 $0.00 $129.10 $23,662.68
32 $23,662.68 $700.52 $0.00 $133.79 $24,496.99
33 $24,496.99 $700.52 $0.00 $138.51 $25,336.02
34 $25,336.02 $700.52 $0.00 $143.25 $26,179.79
35 $26,179.79 $700.52 $0.00 $148.02 $27,028.33
36 $27,028.33 $700.52 $0.00 $152.82 $27,881.67
37 $27,881.67 $700.52 $0.00 $157.65 $28,739.84
38 $28,739.84 $700.52 $0.00 $162.50 $29,602.86
39 $29,602.86 $700.52 $0.00 $167.38 $30,470.76
40 $30,470.76 $700.52 $0.00 $172.29 $31,343.57
41 $31,343.57 $700.52 $0.00 $177.22 $32,221.31
42 $32,221.31 $700.52 $0.00 $182.18 $33,104.01
43 $33,104.01 $700.52 $0.00 $187.17 $33,991.70
44 $33,991.70 $700.52 $0.00 $192.19 $34,884.41
45 $34,884.41 $700.52 $0.00 $197.24 $35,782.17
46 $35,782.17 $700.52 $0.00 $202.32 $36,685.01
47 $36,685.01 $700.52 $0.00 $207.42 $37,592.95
48 $37,592.95 $700.52 $0.00 $212.56 $38,506.03
49 $38,506.03 $700.52 $0.00 $217.72 $39,424.27
50 $39,424.27 $700.52 $0.00 $222.91 $40,347.70
51 $40,347.70 $700.52 $0.00 $228.13 $41,276.35
52 $41,276.35 $700.52 $0.00 $233.38 $42,210.25
53 $42,210.25 $700.52 $0.00 $238.66 $43,149.43
54 $43,149.43 $700.52 $0.00 $243.97 $44,093.92
55 $44,093.92 $700.52 $0.00 $249.31 $45,043.75
56 $45,043.75 $700.52 $0.00 $254.68 $45,998.95
57 $45,998.95 $700.52 $0.00 $260.08 $46,959.55
58 $46,959.55 $700.52 $0.00 $265.52 $47,925.59
59 $47,925.59 $700.52 $0.00 $270.98 $48,897.09
60 $48,897.09 $700.52 $0.00 $276.47 $49,874.08
61 $49,874.08 $700.52 $0.00 $282.00 $50,856.60
62 $50,856.60 $700.52 $0.00 $287.55 $51,844.67
63 $51,844.67 $700.52 $0.00 $293.14 $52,838.33
64 $52,838.33 $700.52 $0.00 $298.76 $53,837.61
65 $53,837.61 $700.52 $0.00 $304.41 $54,842.54
66 $54,842.54 $700.52 $0.00 $310.09 $55,853.15
67 $55,853.15 $700.52 $0.00 $315.80 $56,869.47
68 $56,869.47 $700.52 $0.00 $321.55 $57,891.54
69 $57,891.54 $700.52 $0.00 $327.33 $58,919.39
70 $58,919.39 $700.52 $0.00 $333.14 $59,953.05
71 $59,953.05 $700.52 $0.00 $338.98 $60,992.55
72 $60,992.55 $700.52 $0.00 $344.86 $62,037.93
73 $62,037.93 $700.52 $0.00 $350.77 $63,089.22
74 $63,089.22 $700.52 $0.00 $356.72 $64,146.46
75 $64,146.46 $700.52 $0.00 $362.69 $65,209.67
76 $65,209.67 $700.52 $0.00 $368.70 $66,278.89
77 $66,278.89 $700.52 $0.00 $374.75 $67,354.16
78 $67,354.16 $700.52 $0.00 $380.83 $68,435.51
79 $68,435.51 $700.52 $0.00 $386.94 $69,522.97
80 $69,522.97 $700.52 $0.00 $393.09 $70,616.58
81 $70,616.58 $700.52 $0.00 $399.28 $71,716.38
82 $71,716.38 $700.52 $0.00 $405.49 $72,822.39
83 $72,822.39 $700.52 $0.00 $411.75 $73,934.66
84 $73,934.66 $700.52 $0.00 $418.04 $75,053.22
85 $75,053.22 $700.52 $0.00 $424.36 $76,178.10
86 $76,178.10 $700.52 $0.00 $430.72 $77,309.34
87 $77,309.34 $700.52 $0.00 $437.12 $78,446.98
88 $78,446.98 $700.52 $0.00 $443.55 $79,591.05
89 $79,591.05 $700.52 $0.00 $450.02 $80,741.59
90 $80,741.59 $700.52 $0.00 $456.52 $81,898.63
91 $81,898.63 $700.52 $0.00 $463.07 $83,062.22
92 $83,062.22 $700.52 $0.00 $469.65 $84,232.39
93 $84,232.39 $700.52 $0.00 $476.26 $85,409.17
94 $85,409.17 $700.52 $0.00 $482.92 $86,592.61
95 $86,592.61 $700.52 $0.00 $489.61 $87,782.74
96 $87,782.74 $700.52 $0.00 $496.34 $88,979.60
97 $88,979.60 $700.52 $0.00 $503.10 $90,183.22
98 $90,183.22 $700.52 $0.00 $509.91 $91,393.65
99 $91,393.65 $700.52 $0.00 $516.75 $92,610.92
100 $92,610.92 $700.52 $0.00 $523.64 $93,835.08
101 $93,835.08 $700.52 $0.00 $530.56 $95,066.16
102 $95,066.16 $700.52 $0.00 $537.52 $96,304.20
103 $96,304.20 $700.52 $0.00 $544.52 $97,549.24
104 $97,549.24 $700.52 $0.00 $551.56 $98,801.32
105 $98,801.32 $700.52 $0.00 $558.64 $100,060.48
106 $100,060.48 $700.52 $0.00 $565.76 $101,326.76
107 $101,326.76 $700.52 $0.00 $572.92 $102,600.20
108 $102,600.20 $700.52 $0.00 $580.12 $103,880.84
109 $103,880.84 $700.52 $0.00 $587.36 $105,168.72
110 $105,168.72 $700.52 $0.00 $594.64 $106,463.88
111 $106,463.88 $700.52 $0.00 $601.96 $107,766.36
112 $107,766.36 $700.52 $0.00 $609.33 $109,076.21
113 $109,076.21 $700.52 $0.00 $616.73 $110,393.46
114 $110,393.46 $700.52 $0.00 $624.18 $111,718.16
115 $111,718.16 $700.52 $0.00 $631.67 $113,050.35
116 $113,050.35 $700.52 $0.00 $639.20 $114,390.07
117 $114,390.07 $700.52 $0.00 $646.78 $115,737.37
118 $115,737.37 $700.52 $0.00 $654.40 $117,092.29
119 $117,092.29 $700.52 $0.00 $662.06 $118,454.87
120 $118,454.87 $700.52 $0.00 $669.76 $119,825.15
121 $119,825.15 $700.52 $0.00 $677.51 $121,203.18
122 $121,203.18 $700.52 $0.00 $685.30 $122,589.00
123 $122,589.00 $700.52 $0.00 $693.14 $123,982.66
124 $123,982.66 $700.52 $0.00 $701.02 $125,384.20
125 $125,384.20 $700.52 $0.00 $708.94 $126,793.66
126 $126,793.66 $700.52 $0.00 $716.91 $128,211.09
127 $128,211.09 $700.52 $0.00 $724.92 $129,636.53
128 $129,636.53 $700.52 $0.00 $732.98 $131,070.03
129 $131,070.03 $700.52 $0.00 $741.09 $132,511.64
130 $132,511.64 $700.52 $0.00 $749.24 $133,961.40
131 $133,961.40 $700.52 $0.00 $757.44 $135,419.36
132 $135,419.36 $700.52 $0.00 $765.68 $136,885.56
133 $136,885.56 $700.52 $0.00 $773.97 $138,360.05
134 $138,360.05 $700.52 $0.00 $782.31 $139,842.88
135 $139,842.88 $700.52 $0.00 $790.69 $141,334.09
136 $141,334.09 $700.52 $0.00 $799.12 $142,833.73
137 $142,833.73 $700.52 $0.00 $807.60 $144,341.85
138 $144,341.85 $700.52 $0.00 $816.13 $145,858.50
139 $145,858.50 $700.52 $0.00 $824.71 $147,383.73
140 $147,383.73 $700.52 $0.00 $833.33 $148,917.58
141 $148,917.58 $700.52 $0.00 $842.00 $150,460.10
142 $150,460.10 $700.52 $0.00 $850.72 $152,011.34
143 $152,011.34 $700.52 $0.00 $859.49 $153,571.35
144 $153,571.35 $700.52 $0.00 $868.31 $155,140.18
145 $155,140.18 $700.52 $0.00 $877.19 $156,717.89
146 $156,717.89 $700.52 $0.00 $886.11 $158,304.52
147 $158,304.52 $700.52 $0.00 $895.08 $159,900.12
148 $159,900.12 $700.52 $0.00 $904.10 $161,504.74
149 $161,504.74 $700.52 $0.00 $913.17 $163,118.43
150 $163,118.43 $700.52 $0.00 $922.30 $164,741.25
151 $164,741.25 $700.52 $0.00 $931.47 $166,373.24
152 $166,373.24 $700.52 $0.00 $940.70 $168,014.46
153 $168,014.46 $700.52 $0.00 $949.98 $169,664.96
154 $169,664.96 $700.52 $0.00 $959.31 $171,324.79
155 $171,324.79 $700.52 $0.00 $968.70 $172,994.01
156 $172,994.01 $700.52 $0.00 $978.13 $174,672.66
157 $174,672.66 $700.52 $0.00 $987.62 $176,360.80
158 $176,360.80 $700.52 $0.00 $997.17 $178,058.49
159 $178,058.49 $700.52 $0.00 $1,006.77 $179,765.78
160 $179,765.78 $700.52 $0.00 $1,016.42 $181,482.72
161 $181,482.72 $700.52 $0.00 $1,026.13 $183,209.37
162 $183,209.37 $700.52 $0.00 $1,035.89 $184,945.78
163 $184,945.78 $700.52 $0.00 $1,045.71 $186,692.01
164 $186,692.01 $700.52 $0.00 $1,055.58 $188,448.11
165 $188,448.11 $700.52 $0.00 $1,065.51 $190,214.14
166 $190,214.14 $700.52 $0.00 $1,075.50 $191,990.16
167 $191,990.16 $700.52 $0.00 $1,085.54 $193,776.22
168 $193,776.22 $700.52 $0.00 $1,095.64 $195,572.38
169 $195,572.38 $700.52 $0.00 $1,105.79 $197,378.69
170 $197,378.69 $700.52 $0.00 $1,116.01 $199,195.22
171 $199,195.22 $700.52 $0.00 $1,126.28 $201,022.02
172 $201,022.02 $700.52 $0.00 $1,136.61 $202,859.15
173 $202,859.15 $700.52 $0.00 $1,147.00 $204,706.67
174 $204,706.67 $700.52 $0.00 $1,157.44 $206,564.63
175 $206,564.63 $700.52 $0.00 $1,167.95 $208,433.10
176 $208,433.10 $700.52 $0.00 $1,178.51 $210,312.13
177 $210,312.13 $700.52 $0.00 $1,189.14 $212,201.79
178 $212,201.79 $700.52 $0.00 $1,199.82 $214,102.13
179 $214,102.13 $700.52 $0.00 $1,210.56 $216,013.21
180 $216,013.21 $700.52 $0.00 $1,221.37 $217,935.10
181 $217,935.10 $700.52 $0.00 $1,232.24 $219,867.86
182 $219,867.86 $700.52 $0.00 $1,243.16 $221,811.54
183 $221,811.54 $700.52 $0.00 $1,254.15 $223,766.21
184 $223,766.21 $700.52 $0.00 $1,265.21 $225,731.94
185 $225,731.94 $700.52 $0.00 $1,276.32 $227,708.78
186 $227,708.78 $700.52 $0.00 $1,287.50 $229,696.80
187 $229,696.80 $700.52 $0.00 $1,298.74 $231,696.06
188 $231,696.06 $700.52 $0.00 $1,310.04 $233,706.62
189 $233,706.62 $700.52 $0.00 $1,321.41 $235,728.55
190 $235,728.55 $700.52 $0.00 $1,332.84 $237,761.91
191 $237,761.91 $700.52 $0.00 $1,344.34 $239,806.77
192 $239,806.77 $700.52 $0.00 $1,355.90 $241,863.19
193 $241,863.19 $700.52 $0.00 $1,367.53 $243,931.24
194 $243,931.24 $700.52 $0.00 $1,379.22 $246,010.98
195 $246,010.98 $700.52 $0.00 $1,390.98 $248,102.48
196 $248,102.48 $700.52 $0.00 $1,402.81 $250,205.81
197 $250,205.81 $700.52 $0.00 $1,414.70 $252,321.03
198 $252,321.03 $700.52 $0.00 $1,426.66 $254,448.21
199 $254,448.21 $700.52 $0.00 $1,438.69 $256,587.42
200 $256,587.42 $700.52 $0.00 $1,450.78 $258,738.72
201 $258,738.72 $700.52 $0.00 $1,462.95 $260,902.19
202 $260,902.19 $700.52 $0.00 $1,475.18 $263,077.89
203 $263,077.89 $700.52 $0.00 $1,487.48 $265,265.89
204 $265,265.89 $700.52 $0.00 $1,499.85 $267,466.26
205 $267,466.26 $700.52 $0.00 $1,512.29 $269,679.07
206 $269,679.07 $700.52 $0.00 $1,524.80 $271,904.39
207 $271,904.39 $700.52 $0.00 $1,537.39 $274,142.30
208 $274,142.30 $700.52 $0.00 $1,550.04 $276,392.86
209 $276,392.86 $700.52 $0.00 $1,562.77 $278,656.15
210 $278,656.15 $700.52 $0.00 $1,575.56 $280,932.23
211 $280,932.23 $700.52 $0.00 $1,588.43 $283,221.18
212 $283,221.18 $700.52 $0.00 $1,601.37 $285,523.07
213 $285,523.07 $700.52 $0.00 $1,614.39 $287,837.98
214 $287,837.98 $700.52 $0.00 $1,627.48 $290,165.98
215 $290,165.98 $700.52 $0.00 $1,640.64 $292,507.14
216 $292,507.14 $700.52 $0.00 $1,653.88 $294,861.54
217 $294,861.54 $700.52 $79,854.28 $1,667.19 $217,374.97
218 $217,374.97 $700.52 $0.00 $1,229.07 $219,304.56
219 $219,304.56 $700.52 $0.00 $1,239.98 $221,245.06
220 $221,245.06 $700.52 $0.00 $1,250.95 $223,196.53
221 $223,196.53 $700.52 $0.00 $1,261.99 $225,159.04
222 $225,159.04 $700.52 $0.00 $1,273.08 $227,132.64
223 $227,132.64 $700.52 $0.00 $1,284.24 $229,117.40
224 $229,117.40 $700.52 $0.00 $1,295.46 $231,113.38
225 $231,113.38 $700.52 $0.00 $1,306.75 $233,120.65
226 $233,120.65 $700.52 $0.00 $1,318.10 $235,139.27
227 $235,139.27 $700.52 $0.00 $1,329.51 $237,169.30
228 $237,169.30 $700.52 $0.00 $1,340.99 $239,210.81
229 $239,210.81 $700.52 $85,444.08 $1,352.53 $155,819.78
230 $155,819.78 $700.52 $0.00 $881.03 $157,401.33
231 $157,401.33 $700.52 $0.00 $889.97 $158,991.82
232 $158,991.82 $700.52 $0.00 $898.96 $160,591.30
233 $160,591.30 $700.52 $0.00 $908.01 $162,199.83
234 $162,199.83 $700.52 $0.00 $917.10 $163,817.45
235 $163,817.45 $700.52 $0.00 $926.25 $165,444.22
236 $165,444.22 $700.52 $0.00 $935.45 $167,080.19
237 $167,080.19 $700.52 $0.00 $944.70 $168,725.41
238 $168,725.41 $700.52 $0.00 $954.00 $170,379.93
239 $170,379.93 $700.52 $0.00 $963.35 $172,043.80
240 $172,043.80 $700.52 $0.00 $972.76 $173,717.08
241 $173,717.08 $700.52 $91,425.17 $982.22 $83,974.65
242 $83,974.65 $700.52 $0.00 $474.80 $85,149.97
243 $85,149.97 $700.52 $0.00 $481.45 $86,331.94
244 $86,331.94 $700.52 $0.00 $488.13 $87,520.59
245 $87,520.59 $700.52 $0.00 $494.85 $88,715.96
246 $88,715.96 $700.52 $0.00 $501.61 $89,918.09
247 $89,918.09 $700.52 $0.00 $508.41 $91,127.02
248 $91,127.02 $700.52 $0.00 $515.25 $92,342.79
249 $92,342.79 $700.52 $0.00 $522.12 $93,565.43
250 $93,565.43 $700.52 $0.00 $529.03 $94,794.98
251 $94,794.98 $700.52 $0.00 $535.98 $96,031.48
252 $96,031.48 $700.52 $0.00 $542.98 $97,274.98
253 $97,274.98 $0.00 $97,824.93 $550.01 $0.06