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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$58,625
Monthly savings required$464

How much will it cost to send your child to University of Iowa in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $234,498.56 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $464.06 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$22,607.00
Years until enrollment18
Annual Tuition Increase5%
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 $464.06 $0.00 $0.00 $464.06
2 $464.06 $464.06 $0.00 $2.62 $930.74
3 $930.74 $464.06 $0.00 $5.26 $1,400.06
4 $1,400.06 $464.06 $0.00 $7.92 $1,872.04
5 $1,872.04 $464.06 $0.00 $10.58 $2,346.68
6 $2,346.68 $464.06 $0.00 $13.27 $2,824.01
7 $2,824.01 $464.06 $0.00 $15.97 $3,304.04
8 $3,304.04 $464.06 $0.00 $18.68 $3,786.78
9 $3,786.78 $464.06 $0.00 $21.41 $4,272.25
10 $4,272.25 $464.06 $0.00 $24.16 $4,760.47
11 $4,760.47 $464.06 $0.00 $26.92 $5,251.45
12 $5,251.45 $464.06 $0.00 $29.69 $5,745.20
13 $5,745.20 $464.06 $0.00 $32.48 $6,241.74
14 $6,241.74 $464.06 $0.00 $35.29 $6,741.09
15 $6,741.09 $464.06 $0.00 $38.12 $7,243.27
16 $7,243.27 $464.06 $0.00 $40.95 $7,748.28
17 $7,748.28 $464.06 $0.00 $43.81 $8,256.15
18 $8,256.15 $464.06 $0.00 $46.68 $8,766.89
19 $8,766.89 $464.06 $0.00 $49.57 $9,280.52
20 $9,280.52 $464.06 $0.00 $52.47 $9,797.05
21 $9,797.05 $464.06 $0.00 $55.39 $10,316.50
22 $10,316.50 $464.06 $0.00 $58.33 $10,838.89
23 $10,838.89 $464.06 $0.00 $61.28 $11,364.23
24 $11,364.23 $464.06 $0.00 $64.26 $11,892.55
25 $11,892.55 $464.06 $0.00 $67.24 $12,423.85
26 $12,423.85 $464.06 $0.00 $70.25 $12,958.16
27 $12,958.16 $464.06 $0.00 $73.27 $13,495.49
28 $13,495.49 $464.06 $0.00 $76.31 $14,035.86
29 $14,035.86 $464.06 $0.00 $79.36 $14,579.28
30 $14,579.28 $464.06 $0.00 $82.43 $15,125.77
31 $15,125.77 $464.06 $0.00 $85.52 $15,675.35
32 $15,675.35 $464.06 $0.00 $88.63 $16,228.04
33 $16,228.04 $464.06 $0.00 $91.76 $16,783.86
34 $16,783.86 $464.06 $0.00 $94.90 $17,342.82
35 $17,342.82 $464.06 $0.00 $98.06 $17,904.94
36 $17,904.94 $464.06 $0.00 $101.24 $18,470.24
37 $18,470.24 $464.06 $0.00 $104.43 $19,038.73
38 $19,038.73 $464.06 $0.00 $107.65 $19,610.44
39 $19,610.44 $464.06 $0.00 $110.88 $20,185.38
40 $20,185.38 $464.06 $0.00 $114.13 $20,763.57
41 $20,763.57 $464.06 $0.00 $117.40 $21,345.03
42 $21,345.03 $464.06 $0.00 $120.69 $21,929.78
43 $21,929.78 $464.06 $0.00 $123.99 $22,517.83
44 $22,517.83 $464.06 $0.00 $127.32 $23,109.21
45 $23,109.21 $464.06 $0.00 $130.66 $23,703.93
46 $23,703.93 $464.06 $0.00 $134.03 $24,302.02
47 $24,302.02 $464.06 $0.00 $137.41 $24,903.49
48 $24,903.49 $464.06 $0.00 $140.81 $25,508.36
49 $25,508.36 $464.06 $0.00 $144.23 $26,116.65
50 $26,116.65 $464.06 $0.00 $147.67 $26,728.38
51 $26,728.38 $464.06 $0.00 $151.13 $27,343.57
52 $27,343.57 $464.06 $0.00 $154.60 $27,962.23
53 $27,962.23 $464.06 $0.00 $158.10 $28,584.39
54 $28,584.39 $464.06 $0.00 $161.62 $29,210.07
55 $29,210.07 $464.06 $0.00 $165.16 $29,839.29
56 $29,839.29 $464.06 $0.00 $168.72 $30,472.07
57 $30,472.07 $464.06 $0.00 $172.29 $31,108.42
58 $31,108.42 $464.06 $0.00 $175.89 $31,748.37
59 $31,748.37 $464.06 $0.00 $179.51 $32,391.94
60 $32,391.94 $464.06 $0.00 $183.15 $33,039.15
61 $33,039.15 $464.06 $0.00 $186.81 $33,690.02
62 $33,690.02 $464.06 $0.00 $190.49 $34,344.57
63 $34,344.57 $464.06 $0.00 $194.19 $35,002.82
64 $35,002.82 $464.06 $0.00 $197.91 $35,664.79
65 $35,664.79 $464.06 $0.00 $201.65 $36,330.50
66 $36,330.50 $464.06 $0.00 $205.42 $36,999.98
67 $36,999.98 $464.06 $0.00 $209.20 $37,673.24
68 $37,673.24 $464.06 $0.00 $213.01 $38,350.31
69 $38,350.31 $464.06 $0.00 $216.84 $39,031.21
70 $39,031.21 $464.06 $0.00 $220.69 $39,715.96
71 $39,715.96 $464.06 $0.00 $224.56 $40,404.58
72 $40,404.58 $464.06 $0.00 $228.45 $41,097.09
73 $41,097.09 $464.06 $0.00 $232.37 $41,793.52
74 $41,793.52 $464.06 $0.00 $236.31 $42,493.89
75 $42,493.89 $464.06 $0.00 $240.27 $43,198.22
76 $43,198.22 $464.06 $0.00 $244.25 $43,906.53
77 $43,906.53 $464.06 $0.00 $248.25 $44,618.84
78 $44,618.84 $464.06 $0.00 $252.28 $45,335.18
79 $45,335.18 $464.06 $0.00 $256.33 $46,055.57
80 $46,055.57 $464.06 $0.00 $260.40 $46,780.03
81 $46,780.03 $464.06 $0.00 $264.50 $47,508.59
82 $47,508.59 $464.06 $0.00 $268.62 $48,241.27
83 $48,241.27 $464.06 $0.00 $272.76 $48,978.09
84 $48,978.09 $464.06 $0.00 $276.93 $49,719.08
85 $49,719.08 $464.06 $0.00 $281.12 $50,464.26
86 $50,464.26 $464.06 $0.00 $285.33 $51,213.65
87 $51,213.65 $464.06 $0.00 $289.57 $51,967.28
88 $51,967.28 $464.06 $0.00 $293.83 $52,725.17
89 $52,725.17 $464.06 $0.00 $298.12 $53,487.35
90 $53,487.35 $464.06 $0.00 $302.43 $54,253.84
91 $54,253.84 $464.06 $0.00 $306.76 $55,024.66
92 $55,024.66 $464.06 $0.00 $311.12 $55,799.84
93 $55,799.84 $464.06 $0.00 $315.50 $56,579.40
94 $56,579.40 $464.06 $0.00 $319.91 $57,363.37
95 $57,363.37 $464.06 $0.00 $324.34 $58,151.77
96 $58,151.77 $464.06 $0.00 $328.80 $58,944.63
97 $58,944.63 $464.06 $0.00 $333.28 $59,741.97
98 $59,741.97 $464.06 $0.00 $337.79 $60,543.82
99 $60,543.82 $464.06 $0.00 $342.32 $61,350.20
100 $61,350.20 $464.06 $0.00 $346.88 $62,161.14
101 $62,161.14 $464.06 $0.00 $351.47 $62,976.67
102 $62,976.67 $464.06 $0.00 $356.08 $63,796.81
103 $63,796.81 $464.06 $0.00 $360.72 $64,621.59
104 $64,621.59 $464.06 $0.00 $365.38 $65,451.03
105 $65,451.03 $464.06 $0.00 $370.07 $66,285.16
106 $66,285.16 $464.06 $0.00 $374.79 $67,124.01
107 $67,124.01 $464.06 $0.00 $379.53 $67,967.60
108 $67,967.60 $464.06 $0.00 $384.30 $68,815.96
109 $68,815.96 $464.06 $0.00 $389.10 $69,669.12
110 $69,669.12 $464.06 $0.00 $393.92 $70,527.10
111 $70,527.10 $464.06 $0.00 $398.77 $71,389.93
112 $71,389.93 $464.06 $0.00 $403.65 $72,257.64
113 $72,257.64 $464.06 $0.00 $408.56 $73,130.26
114 $73,130.26 $464.06 $0.00 $413.49 $74,007.81
115 $74,007.81 $464.06 $0.00 $418.45 $74,890.32
116 $74,890.32 $464.06 $0.00 $423.44 $75,777.82
117 $75,777.82 $464.06 $0.00 $428.46 $76,670.34
118 $76,670.34 $464.06 $0.00 $433.51 $77,567.91
119 $77,567.91 $464.06 $0.00 $438.58 $78,470.55
120 $78,470.55 $464.06 $0.00 $443.68 $79,378.29
121 $79,378.29 $464.06 $0.00 $448.82 $80,291.17
122 $80,291.17 $464.06 $0.00 $453.98 $81,209.21
123 $81,209.21 $464.06 $0.00 $459.17 $82,132.44
124 $82,132.44 $464.06 $0.00 $464.39 $83,060.89
125 $83,060.89 $464.06 $0.00 $469.64 $83,994.59
126 $83,994.59 $464.06 $0.00 $474.92 $84,933.57
127 $84,933.57 $464.06 $0.00 $480.23 $85,877.86
128 $85,877.86 $464.06 $0.00 $485.57 $86,827.49
129 $86,827.49 $464.06 $0.00 $490.94 $87,782.49
130 $87,782.49 $464.06 $0.00 $496.33 $88,742.88
131 $88,742.88 $464.06 $0.00 $501.77 $89,708.71
132 $89,708.71 $464.06 $0.00 $507.23 $90,680.00
133 $90,680.00 $464.06 $0.00 $512.72 $91,656.78
134 $91,656.78 $464.06 $0.00 $518.24 $92,639.08
135 $92,639.08 $464.06 $0.00 $523.79 $93,626.93
136 $93,626.93 $464.06 $0.00 $529.38 $94,620.37
137 $94,620.37 $464.06 $0.00 $535.00 $95,619.43
138 $95,619.43 $464.06 $0.00 $540.65 $96,624.14
139 $96,624.14 $464.06 $0.00 $546.33 $97,634.53
140 $97,634.53 $464.06 $0.00 $552.04 $98,650.63
141 $98,650.63 $464.06 $0.00 $557.79 $99,672.48
142 $99,672.48 $464.06 $0.00 $563.56 $100,700.10
143 $100,700.10 $464.06 $0.00 $569.37 $101,733.53
144 $101,733.53 $464.06 $0.00 $575.22 $102,772.81
145 $102,772.81 $464.06 $0.00 $581.09 $103,817.96
146 $103,817.96 $464.06 $0.00 $587.00 $104,869.02
147 $104,869.02 $464.06 $0.00 $592.94 $105,926.02
148 $105,926.02 $464.06 $0.00 $598.92 $106,989.00
149 $106,989.00 $464.06 $0.00 $604.93 $108,057.99
150 $108,057.99 $464.06 $0.00 $610.98 $109,133.03
151 $109,133.03 $464.06 $0.00 $617.05 $110,214.14
152 $110,214.14 $464.06 $0.00 $623.17 $111,301.37
153 $111,301.37 $464.06 $0.00 $629.31 $112,394.74
154 $112,394.74 $464.06 $0.00 $635.50 $113,494.30
155 $113,494.30 $464.06 $0.00 $641.71 $114,600.07
156 $114,600.07 $464.06 $0.00 $647.97 $115,712.10
157 $115,712.10 $464.06 $0.00 $654.25 $116,830.41
158 $116,830.41 $464.06 $0.00 $660.58 $117,955.05
159 $117,955.05 $464.06 $0.00 $666.94 $119,086.05
160 $119,086.05 $464.06 $0.00 $673.33 $120,223.44
161 $120,223.44 $464.06 $0.00 $679.76 $121,367.26
162 $121,367.26 $464.06 $0.00 $686.23 $122,517.55
163 $122,517.55 $464.06 $0.00 $692.73 $123,674.34
164 $123,674.34 $464.06 $0.00 $699.27 $124,837.67
165 $124,837.67 $464.06 $0.00 $705.85 $126,007.58
166 $126,007.58 $464.06 $0.00 $712.47 $127,184.11
167 $127,184.11 $464.06 $0.00 $719.12 $128,367.29
168 $128,367.29 $464.06 $0.00 $725.81 $129,557.16
169 $129,557.16 $464.06 $0.00 $732.54 $130,753.76
170 $130,753.76 $464.06 $0.00 $739.30 $131,957.12
171 $131,957.12 $464.06 $0.00 $746.10 $133,167.28
172 $133,167.28 $464.06 $0.00 $752.95 $134,384.29
173 $134,384.29 $464.06 $0.00 $759.83 $135,608.18
174 $135,608.18 $464.06 $0.00 $766.75 $136,838.99
175 $136,838.99 $464.06 $0.00 $773.71 $138,076.76
176 $138,076.76 $464.06 $0.00 $780.71 $139,321.53
177 $139,321.53 $464.06 $0.00 $787.74 $140,573.33
178 $140,573.33 $464.06 $0.00 $794.82 $141,832.21
179 $141,832.21 $464.06 $0.00 $801.94 $143,098.21
180 $143,098.21 $464.06 $0.00 $809.10 $144,371.37
181 $144,371.37 $464.06 $0.00 $816.30 $145,651.73
182 $145,651.73 $464.06 $0.00 $823.54 $146,939.33
183 $146,939.33 $464.06 $0.00 $830.82 $148,234.21
184 $148,234.21 $464.06 $0.00 $838.14 $149,536.41
185 $149,536.41 $464.06 $0.00 $845.50 $150,845.97
186 $150,845.97 $464.06 $0.00 $852.91 $152,162.94
187 $152,162.94 $464.06 $0.00 $860.35 $153,487.35
188 $153,487.35 $464.06 $0.00 $867.84 $154,819.25
189 $154,819.25 $464.06 $0.00 $875.37 $156,158.68
190 $156,158.68 $464.06 $0.00 $882.94 $157,505.68
191 $157,505.68 $464.06 $0.00 $890.56 $158,860.30
192 $158,860.30 $464.06 $0.00 $898.22 $160,222.58
193 $160,222.58 $464.06 $0.00 $905.92 $161,592.56
194 $161,592.56 $464.06 $0.00 $913.67 $162,970.29
195 $162,970.29 $464.06 $0.00 $921.46 $164,355.81
196 $164,355.81 $464.06 $0.00 $929.29 $165,749.16
197 $165,749.16 $464.06 $0.00 $937.17 $167,150.39
198 $167,150.39 $464.06 $0.00 $945.09 $168,559.54
199 $168,559.54 $464.06 $0.00 $953.06 $169,976.66
200 $169,976.66 $464.06 $0.00 $961.07 $171,401.79
201 $171,401.79 $464.06 $0.00 $969.13 $172,834.98
202 $172,834.98 $464.06 $0.00 $977.23 $174,276.27
203 $174,276.27 $464.06 $0.00 $985.38 $175,725.71
204 $175,725.71 $464.06 $0.00 $993.58 $177,183.35
205 $177,183.35 $464.06 $0.00 $1,001.82 $178,649.23
206 $178,649.23 $464.06 $0.00 $1,010.11 $180,123.40
207 $180,123.40 $464.06 $0.00 $1,018.44 $181,605.90
208 $181,605.90 $464.06 $0.00 $1,026.83 $183,096.79
209 $183,096.79 $464.06 $0.00 $1,035.26 $184,596.11
210 $184,596.11 $464.06 $0.00 $1,043.73 $186,103.90
211 $186,103.90 $464.06 $0.00 $1,052.26 $187,620.22
212 $187,620.22 $464.06 $0.00 $1,060.83 $189,145.11
213 $189,145.11 $464.06 $0.00 $1,069.45 $190,678.62
214 $190,678.62 $464.06 $0.00 $1,078.12 $192,220.80
215 $192,220.80 $464.06 $0.00 $1,086.84 $193,771.70
216 $193,771.70 $464.06 $0.00 $1,095.61 $195,331.37
217 $195,331.37 $464.06 $54,406.44 $1,104.43 $142,493.42
218 $142,493.42 $464.06 $0.00 $805.68 $143,763.16
219 $143,763.16 $464.06 $0.00 $812.86 $145,040.08
220 $145,040.08 $464.06 $0.00 $820.08 $146,324.22
221 $146,324.22 $464.06 $0.00 $827.34 $147,615.62
222 $147,615.62 $464.06 $0.00 $834.64 $148,914.32
223 $148,914.32 $464.06 $0.00 $841.98 $150,220.36
224 $150,220.36 $464.06 $0.00 $849.37 $151,533.79
225 $151,533.79 $464.06 $0.00 $856.79 $152,854.64
226 $152,854.64 $464.06 $0.00 $864.26 $154,182.96
227 $154,182.96 $464.06 $0.00 $871.77 $155,518.79
228 $155,518.79 $464.06 $0.00 $879.33 $156,862.18
229 $156,862.18 $464.06 $57,126.76 $886.92 $101,086.40
230 $101,086.40 $464.06 $0.00 $571.56 $102,122.02
231 $102,122.02 $464.06 $0.00 $577.41 $103,163.49
232 $103,163.49 $464.06 $0.00 $583.30 $104,210.85
233 $104,210.85 $464.06 $0.00 $589.22 $105,264.13
234 $105,264.13 $464.06 $0.00 $595.18 $106,323.37
235 $106,323.37 $464.06 $0.00 $601.17 $107,388.60
236 $107,388.60 $464.06 $0.00 $607.19 $108,459.85
237 $108,459.85 $464.06 $0.00 $613.25 $109,537.16
238 $109,537.16 $464.06 $0.00 $619.34 $110,620.56
239 $110,620.56 $464.06 $0.00 $625.46 $111,710.08
240 $111,710.08 $464.06 $0.00 $631.63 $112,805.77
241 $112,805.77 $464.06 $59,983.10 $637.82 $53,924.55
242 $53,924.55 $464.06 $0.00 $304.90 $54,693.51
243 $54,693.51 $464.06 $0.00 $309.25 $55,466.82
244 $55,466.82 $464.06 $0.00 $313.62 $56,244.50
245 $56,244.50 $464.06 $0.00 $318.01 $57,026.57
246 $57,026.57 $464.06 $0.00 $322.44 $57,813.07
247 $57,813.07 $464.06 $0.00 $326.88 $58,604.01
248 $58,604.01 $464.06 $0.00 $331.36 $59,399.43
249 $59,399.43 $464.06 $0.00 $335.85 $60,199.34
250 $60,199.34 $464.06 $0.00 $340.38 $61,003.78
251 $61,003.78 $464.06 $0.00 $344.92 $61,812.76
252 $61,812.76 $464.06 $0.00 $349.50 $62,626.32
253 $62,626.32 $0.00 $62,982.26 $354.10 ($1.84)