Savings Plan and Future Cost Estimation for St. Thomas University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$193,834
Monthly savings required$1,532

How much will it cost to send your child to St. Thomas University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $775,336.51 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,531.91 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$51,666.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,531.91 $0.00 $0.00 $1,531.91
2 $1,531.91 $1,531.91 $0.00 $8.66 $3,072.48
3 $3,072.48 $1,531.91 $0.00 $17.37 $4,621.76
4 $4,621.76 $1,531.91 $0.00 $26.13 $6,179.80
5 $6,179.80 $1,531.91 $0.00 $34.94 $7,746.65
6 $7,746.65 $1,531.91 $0.00 $43.80 $9,322.36
7 $9,322.36 $1,531.91 $0.00 $52.71 $10,906.98
8 $10,906.98 $1,531.91 $0.00 $61.67 $12,500.56
9 $12,500.56 $1,531.91 $0.00 $70.68 $14,103.15
10 $14,103.15 $1,531.91 $0.00 $79.74 $15,714.80
11 $15,714.80 $1,531.91 $0.00 $88.85 $17,335.56
12 $17,335.56 $1,531.91 $0.00 $98.02 $18,965.49
13 $18,965.49 $1,531.91 $0.00 $107.23 $20,604.63
14 $20,604.63 $1,531.91 $0.00 $116.50 $22,253.04
15 $22,253.04 $1,531.91 $0.00 $125.82 $23,910.77
16 $23,910.77 $1,531.91 $0.00 $135.19 $25,577.87
17 $25,577.87 $1,531.91 $0.00 $144.62 $27,254.40
18 $27,254.40 $1,531.91 $0.00 $154.10 $28,940.41
19 $28,940.41 $1,531.91 $0.00 $163.63 $30,635.95
20 $30,635.95 $1,531.91 $0.00 $173.22 $32,341.08
21 $32,341.08 $1,531.91 $0.00 $182.86 $34,055.85
22 $34,055.85 $1,531.91 $0.00 $192.56 $35,780.32
23 $35,780.32 $1,531.91 $0.00 $202.31 $37,514.54
24 $37,514.54 $1,531.91 $0.00 $212.11 $39,258.56
25 $39,258.56 $1,531.91 $0.00 $221.97 $41,012.44
26 $41,012.44 $1,531.91 $0.00 $231.89 $42,776.24
27 $42,776.24 $1,531.91 $0.00 $241.86 $44,550.01
28 $44,550.01 $1,531.91 $0.00 $251.89 $46,333.81
29 $46,333.81 $1,531.91 $0.00 $261.98 $48,127.70
30 $48,127.70 $1,531.91 $0.00 $272.12 $49,931.73
31 $49,931.73 $1,531.91 $0.00 $282.32 $51,745.96
32 $51,745.96 $1,531.91 $0.00 $292.58 $53,570.45
33 $53,570.45 $1,531.91 $0.00 $302.90 $55,405.26
34 $55,405.26 $1,531.91 $0.00 $313.27 $57,250.44
35 $57,250.44 $1,531.91 $0.00 $323.70 $59,106.05
36 $59,106.05 $1,531.91 $0.00 $334.19 $60,972.15
37 $60,972.15 $1,531.91 $0.00 $344.75 $62,848.81
38 $62,848.81 $1,531.91 $0.00 $355.36 $64,736.08
39 $64,736.08 $1,531.91 $0.00 $366.03 $66,634.02
40 $66,634.02 $1,531.91 $0.00 $376.76 $68,542.69
41 $68,542.69 $1,531.91 $0.00 $387.55 $70,462.15
42 $70,462.15 $1,531.91 $0.00 $398.40 $72,392.46
43 $72,392.46 $1,531.91 $0.00 $409.32 $74,333.69
44 $74,333.69 $1,531.91 $0.00 $420.29 $76,285.89
45 $76,285.89 $1,531.91 $0.00 $431.33 $78,249.13
46 $78,249.13 $1,531.91 $0.00 $442.43 $80,223.47
47 $80,223.47 $1,531.91 $0.00 $453.60 $82,208.98
48 $82,208.98 $1,531.91 $0.00 $464.82 $84,205.71
49 $84,205.71 $1,531.91 $0.00 $476.11 $86,213.73
50 $86,213.73 $1,531.91 $0.00 $487.46 $88,233.10
51 $88,233.10 $1,531.91 $0.00 $498.88 $90,263.89
52 $90,263.89 $1,531.91 $0.00 $510.37 $92,306.17
53 $92,306.17 $1,531.91 $0.00 $521.91 $94,359.99
54 $94,359.99 $1,531.91 $0.00 $533.53 $96,425.43
55 $96,425.43 $1,531.91 $0.00 $545.20 $98,502.54
56 $98,502.54 $1,531.91 $0.00 $556.95 $100,591.40
57 $100,591.40 $1,531.91 $0.00 $568.76 $102,692.07
58 $102,692.07 $1,531.91 $0.00 $580.64 $104,804.62
59 $104,804.62 $1,531.91 $0.00 $592.58 $106,929.11
60 $106,929.11 $1,531.91 $0.00 $604.59 $109,065.61
61 $109,065.61 $1,531.91 $0.00 $616.67 $111,214.19
62 $111,214.19 $1,531.91 $0.00 $628.82 $113,374.92
63 $113,374.92 $1,531.91 $0.00 $641.04 $115,547.87
64 $115,547.87 $1,531.91 $0.00 $653.32 $117,733.10
65 $117,733.10 $1,531.91 $0.00 $665.68 $119,930.69
66 $119,930.69 $1,531.91 $0.00 $678.11 $122,140.71
67 $122,140.71 $1,531.91 $0.00 $690.60 $124,363.22
68 $124,363.22 $1,531.91 $0.00 $703.17 $126,598.30
69 $126,598.30 $1,531.91 $0.00 $715.81 $128,846.02
70 $128,846.02 $1,531.91 $0.00 $728.51 $131,106.44
71 $131,106.44 $1,531.91 $0.00 $741.29 $133,379.64
72 $133,379.64 $1,531.91 $0.00 $754.15 $135,665.70
73 $135,665.70 $1,531.91 $0.00 $767.07 $137,964.68
74 $137,964.68 $1,531.91 $0.00 $780.07 $140,276.66
75 $140,276.66 $1,531.91 $0.00 $793.14 $142,601.71
76 $142,601.71 $1,531.91 $0.00 $806.29 $144,939.91
77 $144,939.91 $1,531.91 $0.00 $819.51 $147,291.33
78 $147,291.33 $1,531.91 $0.00 $832.81 $149,656.05
79 $149,656.05 $1,531.91 $0.00 $846.18 $152,034.14
80 $152,034.14 $1,531.91 $0.00 $859.62 $154,425.67
81 $154,425.67 $1,531.91 $0.00 $873.15 $156,830.73
82 $156,830.73 $1,531.91 $0.00 $886.74 $159,249.38
83 $159,249.38 $1,531.91 $0.00 $900.42 $161,681.71
84 $161,681.71 $1,531.91 $0.00 $914.17 $164,127.79
85 $164,127.79 $1,531.91 $0.00 $928.00 $166,587.70
86 $166,587.70 $1,531.91 $0.00 $941.91 $169,061.52
87 $169,061.52 $1,531.91 $0.00 $955.90 $171,549.33
88 $171,549.33 $1,531.91 $0.00 $969.96 $174,051.20
89 $174,051.20 $1,531.91 $0.00 $984.11 $176,567.22
90 $176,567.22 $1,531.91 $0.00 $998.34 $179,097.47
91 $179,097.47 $1,531.91 $0.00 $1,012.64 $181,642.02
92 $181,642.02 $1,531.91 $0.00 $1,027.03 $184,200.96
93 $184,200.96 $1,531.91 $0.00 $1,041.50 $186,774.37
94 $186,774.37 $1,531.91 $0.00 $1,056.05 $189,362.33
95 $189,362.33 $1,531.91 $0.00 $1,070.68 $191,964.92
96 $191,964.92 $1,531.91 $0.00 $1,085.40 $194,582.23
97 $194,582.23 $1,531.91 $0.00 $1,100.20 $197,214.34
98 $197,214.34 $1,531.91 $0.00 $1,115.08 $199,861.33
99 $199,861.33 $1,531.91 $0.00 $1,130.05 $202,523.29
100 $202,523.29 $1,531.91 $0.00 $1,145.10 $205,200.30
101 $205,200.30 $1,531.91 $0.00 $1,160.23 $207,892.44
102 $207,892.44 $1,531.91 $0.00 $1,175.45 $210,599.80
103 $210,599.80 $1,531.91 $0.00 $1,190.76 $213,322.47
104 $213,322.47 $1,531.91 $0.00 $1,206.16 $216,060.54
105 $216,060.54 $1,531.91 $0.00 $1,221.64 $218,814.09
106 $218,814.09 $1,531.91 $0.00 $1,237.21 $221,583.21
107 $221,583.21 $1,531.91 $0.00 $1,252.86 $224,367.98
108 $224,367.98 $1,531.91 $0.00 $1,268.61 $227,168.50
109 $227,168.50 $1,531.91 $0.00 $1,284.44 $229,984.85
110 $229,984.85 $1,531.91 $0.00 $1,300.37 $232,817.13
111 $232,817.13 $1,531.91 $0.00 $1,316.38 $235,665.42
112 $235,665.42 $1,531.91 $0.00 $1,332.49 $238,529.82
113 $238,529.82 $1,531.91 $0.00 $1,348.68 $241,410.41
114 $241,410.41 $1,531.91 $0.00 $1,364.97 $244,307.29
115 $244,307.29 $1,531.91 $0.00 $1,381.35 $247,220.55
116 $247,220.55 $1,531.91 $0.00 $1,397.82 $250,150.28
117 $250,150.28 $1,531.91 $0.00 $1,414.39 $253,096.58
118 $253,096.58 $1,531.91 $0.00 $1,431.04 $256,059.53
119 $256,059.53 $1,531.91 $0.00 $1,447.80 $259,039.24
120 $259,039.24 $1,531.91 $0.00 $1,464.65 $262,035.80
121 $262,035.80 $1,531.91 $0.00 $1,481.59 $265,049.30
122 $265,049.30 $1,531.91 $0.00 $1,498.63 $268,079.84
123 $268,079.84 $1,531.91 $0.00 $1,515.76 $271,127.51
124 $271,127.51 $1,531.91 $0.00 $1,532.99 $274,192.41
125 $274,192.41 $1,531.91 $0.00 $1,550.32 $277,274.64
126 $277,274.64 $1,531.91 $0.00 $1,567.75 $280,374.30
127 $280,374.30 $1,531.91 $0.00 $1,585.28 $283,491.49
128 $283,491.49 $1,531.91 $0.00 $1,602.90 $286,626.30
129 $286,626.30 $1,531.91 $0.00 $1,620.63 $289,778.84
130 $289,778.84 $1,531.91 $0.00 $1,638.45 $292,949.20
131 $292,949.20 $1,531.91 $0.00 $1,656.38 $296,137.49
132 $296,137.49 $1,531.91 $0.00 $1,674.40 $299,343.80
133 $299,343.80 $1,531.91 $0.00 $1,692.53 $302,568.24
134 $302,568.24 $1,531.91 $0.00 $1,710.76 $305,810.91
135 $305,810.91 $1,531.91 $0.00 $1,729.10 $309,071.92
136 $309,071.92 $1,531.91 $0.00 $1,747.54 $312,351.37
137 $312,351.37 $1,531.91 $0.00 $1,766.08 $315,649.36
138 $315,649.36 $1,531.91 $0.00 $1,784.73 $318,966.00
139 $318,966.00 $1,531.91 $0.00 $1,803.48 $322,301.39
140 $322,301.39 $1,531.91 $0.00 $1,822.34 $325,655.64
141 $325,655.64 $1,531.91 $0.00 $1,841.30 $329,028.85
142 $329,028.85 $1,531.91 $0.00 $1,860.38 $332,421.14
143 $332,421.14 $1,531.91 $0.00 $1,879.56 $335,832.61
144 $335,832.61 $1,531.91 $0.00 $1,898.85 $339,263.37
145 $339,263.37 $1,531.91 $0.00 $1,918.24 $342,713.52
146 $342,713.52 $1,531.91 $0.00 $1,937.75 $346,183.18
147 $346,183.18 $1,531.91 $0.00 $1,957.37 $349,672.46
148 $349,672.46 $1,531.91 $0.00 $1,977.10 $353,181.47
149 $353,181.47 $1,531.91 $0.00 $1,996.94 $356,710.32
150 $356,710.32 $1,531.91 $0.00 $2,016.89 $360,259.12
151 $360,259.12 $1,531.91 $0.00 $2,036.96 $363,827.99
152 $363,827.99 $1,531.91 $0.00 $2,057.14 $367,417.04
153 $367,417.04 $1,531.91 $0.00 $2,077.43 $371,026.38
154 $371,026.38 $1,531.91 $0.00 $2,097.84 $374,656.13
155 $374,656.13 $1,531.91 $0.00 $2,118.36 $378,306.40
156 $378,306.40 $1,531.91 $0.00 $2,139.00 $381,977.31
157 $381,977.31 $1,531.91 $0.00 $2,159.76 $385,668.98
158 $385,668.98 $1,531.91 $0.00 $2,180.63 $389,381.52
159 $389,381.52 $1,531.91 $0.00 $2,201.62 $393,115.05
160 $393,115.05 $1,531.91 $0.00 $2,222.73 $396,869.69
161 $396,869.69 $1,531.91 $0.00 $2,243.96 $400,645.56
162 $400,645.56 $1,531.91 $0.00 $2,265.31 $404,442.78
163 $404,442.78 $1,531.91 $0.00 $2,286.78 $408,261.47
164 $408,261.47 $1,531.91 $0.00 $2,308.37 $412,101.75
165 $412,101.75 $1,531.91 $0.00 $2,330.08 $415,963.74
166 $415,963.74 $1,531.91 $0.00 $2,351.92 $419,847.57
167 $419,847.57 $1,531.91 $0.00 $2,373.88 $423,753.36
168 $423,753.36 $1,531.91 $0.00 $2,395.96 $427,681.23
169 $427,681.23 $1,531.91 $0.00 $2,418.17 $431,631.31
170 $431,631.31 $1,531.91 $0.00 $2,440.51 $435,603.73
171 $435,603.73 $1,531.91 $0.00 $2,462.97 $439,598.61
172 $439,598.61 $1,531.91 $0.00 $2,485.55 $443,616.07
173 $443,616.07 $1,531.91 $0.00 $2,508.27 $447,656.25
174 $447,656.25 $1,531.91 $0.00 $2,531.11 $451,719.27
175 $451,719.27 $1,531.91 $0.00 $2,554.09 $455,805.27
176 $455,805.27 $1,531.91 $0.00 $2,577.19 $459,914.37
177 $459,914.37 $1,531.91 $0.00 $2,600.42 $464,046.70
178 $464,046.70 $1,531.91 $0.00 $2,623.79 $468,202.40
179 $468,202.40 $1,531.91 $0.00 $2,647.28 $472,381.59
180 $472,381.59 $1,531.91 $0.00 $2,670.91 $476,584.41
181 $476,584.41 $1,531.91 $0.00 $2,694.68 $480,811.00
182 $480,811.00 $1,531.91 $0.00 $2,718.58 $485,061.49
183 $485,061.49 $1,531.91 $0.00 $2,742.61 $489,336.01
184 $489,336.01 $1,531.91 $0.00 $2,766.78 $493,634.70
185 $493,634.70 $1,531.91 $0.00 $2,791.08 $497,957.69
186 $497,957.69 $1,531.91 $0.00 $2,815.53 $502,305.13
187 $502,305.13 $1,531.91 $0.00 $2,840.11 $506,677.15
188 $506,677.15 $1,531.91 $0.00 $2,864.83 $511,073.89
189 $511,073.89 $1,531.91 $0.00 $2,889.69 $515,495.49
190 $515,495.49 $1,531.91 $0.00 $2,914.69 $519,942.09
191 $519,942.09 $1,531.91 $0.00 $2,939.83 $524,413.83
192 $524,413.83 $1,531.91 $0.00 $2,965.11 $528,910.85
193 $528,910.85 $1,531.91 $0.00 $2,990.54 $533,433.30
194 $533,433.30 $1,531.91 $0.00 $3,016.11 $537,981.32
195 $537,981.32 $1,531.91 $0.00 $3,041.82 $542,555.05
196 $542,555.05 $1,531.91 $0.00 $3,067.69 $547,154.65
197 $547,154.65 $1,531.91 $0.00 $3,093.69 $551,780.25
198 $551,780.25 $1,531.91 $0.00 $3,119.85 $556,432.01
199 $556,432.01 $1,531.91 $0.00 $3,146.15 $561,110.07
200 $561,110.07 $1,531.91 $0.00 $3,172.60 $565,814.58
201 $565,814.58 $1,531.91 $0.00 $3,199.20 $570,545.69
202 $570,545.69 $1,531.91 $0.00 $3,225.95 $575,303.55
203 $575,303.55 $1,531.91 $0.00 $3,252.85 $580,088.31
204 $580,088.31 $1,531.91 $0.00 $3,279.90 $584,900.12
205 $584,900.12 $1,531.91 $0.00 $3,307.11 $589,739.14
206 $589,739.14 $1,531.91 $0.00 $3,334.47 $594,605.52
207 $594,605.52 $1,531.91 $0.00 $3,361.99 $599,499.42
208 $599,499.42 $1,531.91 $0.00 $3,389.66 $604,420.99
209 $604,420.99 $1,531.91 $0.00 $3,417.48 $609,370.38
210 $609,370.38 $1,531.91 $0.00 $3,445.47 $614,347.76
211 $614,347.76 $1,531.91 $0.00 $3,473.61 $619,353.28
212 $619,353.28 $1,531.91 $0.00 $3,501.91 $624,387.10
213 $624,387.10 $1,531.91 $0.00 $3,530.38 $629,449.39
214 $629,449.39 $1,531.91 $0.00 $3,559.00 $634,540.30
215 $634,540.30 $1,531.91 $0.00 $3,587.78 $639,659.99
216 $639,659.99 $1,531.91 $0.00 $3,616.73 $644,808.63
217 $644,808.63 $1,531.91 $174,627.58 $3,645.84 $475,358.80
218 $475,358.80 $1,531.91 $0.00 $2,687.75 $479,578.46
219 $479,578.46 $1,531.91 $0.00 $2,711.61 $483,821.98
220 $483,821.98 $1,531.91 $0.00 $2,735.60 $488,089.49
221 $488,089.49 $1,531.91 $0.00 $2,759.73 $492,381.13
222 $492,381.13 $1,531.91 $0.00 $2,783.99 $496,697.03
223 $496,697.03 $1,531.91 $0.00 $2,808.40 $501,037.34
224 $501,037.34 $1,531.91 $0.00 $2,832.94 $505,402.19
225 $505,402.19 $1,531.91 $0.00 $2,857.62 $509,791.72
226 $509,791.72 $1,531.91 $0.00 $2,882.44 $514,206.07
227 $514,206.07 $1,531.91 $0.00 $2,907.40 $518,645.38
228 $518,645.38 $1,531.91 $0.00 $2,932.50 $523,109.79
229 $523,109.79 $1,531.91 $186,851.51 $2,957.74 $340,747.93
230 $340,747.93 $1,531.91 $0.00 $1,926.64 $344,206.48
231 $344,206.48 $1,531.91 $0.00 $1,946.19 $347,684.58
232 $347,684.58 $1,531.91 $0.00 $1,965.86 $351,182.35
233 $351,182.35 $1,531.91 $0.00 $1,985.64 $354,699.90
234 $354,699.90 $1,531.91 $0.00 $2,005.52 $358,237.33
235 $358,237.33 $1,531.91 $0.00 $2,025.53 $361,794.77
236 $361,794.77 $1,531.91 $0.00 $2,045.64 $365,372.32
237 $365,372.32 $1,531.91 $0.00 $2,065.87 $368,970.10
238 $368,970.10 $1,531.91 $0.00 $2,086.21 $372,588.22
239 $372,588.22 $1,531.91 $0.00 $2,106.67 $376,226.80
240 $376,226.80 $1,531.91 $0.00 $2,127.24 $379,885.95
241 $379,885.95 $1,531.91 $199,931.12 $2,147.93 $183,634.67
242 $183,634.67 $1,531.91 $0.00 $1,038.30 $186,204.88
243 $186,204.88 $1,531.91 $0.00 $1,052.83 $188,789.62
244 $188,789.62 $1,531.91 $0.00 $1,067.44 $191,388.97
245 $191,388.97 $1,531.91 $0.00 $1,082.14 $194,003.02
246 $194,003.02 $1,531.91 $0.00 $1,096.92 $196,631.85
247 $196,631.85 $1,531.91 $0.00 $1,111.79 $199,275.55
248 $199,275.55 $1,531.91 $0.00 $1,126.73 $201,934.19
249 $201,934.19 $1,531.91 $0.00 $1,141.77 $204,607.87
250 $204,607.87 $1,531.91 $0.00 $1,156.88 $207,296.66
251 $207,296.66 $1,531.91 $0.00 $1,172.09 $210,000.66
252 $210,000.66 $1,531.91 $0.00 $1,187.37 $212,719.94
253 $212,719.94 $0.00 $213,926.30 $1,202.75 -$3.61