Savings Plan and Future Cost Estimation for University of Iowa

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$100,856
Monthly savings required$797

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 $403,425.29 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $797.09 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$26,883.00
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 $797.09 $0.00 $0.00 $797.09
2 $797.09 $797.09 $0.00 $4.51 $1,598.69
3 $1,598.69 $797.09 $0.00 $9.04 $2,404.82
4 $2,404.82 $797.09 $0.00 $13.60 $3,215.51
5 $3,215.51 $797.09 $0.00 $18.18 $4,030.78
6 $4,030.78 $797.09 $0.00 $22.79 $4,850.66
7 $4,850.66 $797.09 $0.00 $27.43 $5,675.18
8 $5,675.18 $797.09 $0.00 $32.09 $6,504.36
9 $6,504.36 $797.09 $0.00 $36.78 $7,338.23
10 $7,338.23 $797.09 $0.00 $41.49 $8,176.81
11 $8,176.81 $797.09 $0.00 $46.23 $9,020.13
12 $9,020.13 $797.09 $0.00 $51.00 $9,868.22
13 $9,868.22 $797.09 $0.00 $55.80 $10,721.11
14 $10,721.11 $797.09 $0.00 $60.62 $11,578.82
15 $11,578.82 $797.09 $0.00 $65.47 $12,441.38
16 $12,441.38 $797.09 $0.00 $70.35 $13,308.82
17 $13,308.82 $797.09 $0.00 $75.25 $14,181.16
18 $14,181.16 $797.09 $0.00 $80.18 $15,058.43
19 $15,058.43 $797.09 $0.00 $85.14 $15,940.66
20 $15,940.66 $797.09 $0.00 $90.13 $16,827.88
21 $16,827.88 $797.09 $0.00 $95.15 $17,720.12
22 $17,720.12 $797.09 $0.00 $100.19 $18,617.40
23 $18,617.40 $797.09 $0.00 $105.27 $19,519.76
24 $19,519.76 $797.09 $0.00 $110.37 $20,427.22
25 $20,427.22 $797.09 $0.00 $115.50 $21,339.81
26 $21,339.81 $797.09 $0.00 $120.66 $22,257.56
27 $22,257.56 $797.09 $0.00 $125.85 $23,180.50
28 $23,180.50 $797.09 $0.00 $131.07 $24,108.66
29 $24,108.66 $797.09 $0.00 $136.31 $25,042.06
30 $25,042.06 $797.09 $0.00 $141.59 $25,980.74
31 $25,980.74 $797.09 $0.00 $146.90 $26,924.73
32 $26,924.73 $797.09 $0.00 $152.24 $27,874.06
33 $27,874.06 $797.09 $0.00 $157.60 $28,828.75
34 $28,828.75 $797.09 $0.00 $163.00 $29,788.84
35 $29,788.84 $797.09 $0.00 $168.43 $30,754.36
36 $30,754.36 $797.09 $0.00 $173.89 $31,725.34
37 $31,725.34 $797.09 $0.00 $179.38 $32,701.81
38 $32,701.81 $797.09 $0.00 $184.90 $33,683.80
39 $33,683.80 $797.09 $0.00 $190.45 $34,671.34
40 $34,671.34 $797.09 $0.00 $196.04 $35,664.47
41 $35,664.47 $797.09 $0.00 $201.65 $36,663.21
42 $36,663.21 $797.09 $0.00 $207.30 $37,667.60
43 $37,667.60 $797.09 $0.00 $212.98 $38,677.67
44 $38,677.67 $797.09 $0.00 $218.69 $39,693.45
45 $39,693.45 $797.09 $0.00 $224.43 $40,714.97
46 $40,714.97 $797.09 $0.00 $230.21 $41,742.27
47 $41,742.27 $797.09 $0.00 $236.02 $42,775.38
48 $42,775.38 $797.09 $0.00 $241.86 $43,814.33
49 $43,814.33 $797.09 $0.00 $247.73 $44,859.15
50 $44,859.15 $797.09 $0.00 $253.64 $45,909.88
51 $45,909.88 $797.09 $0.00 $259.58 $46,966.55
52 $46,966.55 $797.09 $0.00 $265.56 $48,029.20
53 $48,029.20 $797.09 $0.00 $271.56 $49,097.85
54 $49,097.85 $797.09 $0.00 $277.61 $50,172.55
55 $50,172.55 $797.09 $0.00 $283.68 $51,253.32
56 $51,253.32 $797.09 $0.00 $289.79 $52,340.20
57 $52,340.20 $797.09 $0.00 $295.94 $53,433.23
58 $53,433.23 $797.09 $0.00 $302.12 $54,532.44
59 $54,532.44 $797.09 $0.00 $308.33 $55,637.86
60 $55,637.86 $797.09 $0.00 $314.58 $56,749.53
61 $56,749.53 $797.09 $0.00 $320.87 $57,867.49
62 $57,867.49 $797.09 $0.00 $327.19 $58,991.77
63 $58,991.77 $797.09 $0.00 $333.55 $60,122.41
64 $60,122.41 $797.09 $0.00 $339.94 $61,259.44
65 $61,259.44 $797.09 $0.00 $346.37 $62,402.90
66 $62,402.90 $797.09 $0.00 $352.84 $63,552.83
67 $63,552.83 $797.09 $0.00 $359.34 $64,709.26
68 $64,709.26 $797.09 $0.00 $365.88 $65,872.23
69 $65,872.23 $797.09 $0.00 $372.45 $67,041.77
70 $67,041.77 $797.09 $0.00 $379.06 $68,217.92
71 $68,217.92 $797.09 $0.00 $385.71 $69,400.72
72 $69,400.72 $797.09 $0.00 $392.40 $70,590.21
73 $70,590.21 $797.09 $0.00 $399.13 $71,786.43
74 $71,786.43 $797.09 $0.00 $405.89 $72,989.41
75 $72,989.41 $797.09 $0.00 $412.69 $74,199.19
76 $74,199.19 $797.09 $0.00 $419.53 $75,415.81
77 $75,415.81 $797.09 $0.00 $426.41 $76,639.31
78 $76,639.31 $797.09 $0.00 $433.33 $77,869.73
79 $77,869.73 $797.09 $0.00 $440.29 $79,107.11
80 $79,107.11 $797.09 $0.00 $447.28 $80,351.48
81 $80,351.48 $797.09 $0.00 $454.32 $81,602.89
82 $81,602.89 $797.09 $0.00 $461.39 $82,861.37
83 $82,861.37 $797.09 $0.00 $468.51 $84,126.97
84 $84,126.97 $797.09 $0.00 $475.67 $85,399.73
85 $85,399.73 $797.09 $0.00 $482.86 $86,679.68
86 $86,679.68 $797.09 $0.00 $490.10 $87,966.87
87 $87,966.87 $797.09 $0.00 $497.38 $89,261.34
88 $89,261.34 $797.09 $0.00 $504.70 $90,563.13
89 $90,563.13 $797.09 $0.00 $512.06 $91,872.28
90 $91,872.28 $797.09 $0.00 $519.46 $93,188.83
91 $93,188.83 $797.09 $0.00 $526.90 $94,512.82
92 $94,512.82 $797.09 $0.00 $534.39 $95,844.30
93 $95,844.30 $797.09 $0.00 $541.92 $97,183.31
94 $97,183.31 $797.09 $0.00 $549.49 $98,529.89
95 $98,529.89 $797.09 $0.00 $557.10 $99,884.08
96 $99,884.08 $797.09 $0.00 $564.76 $101,245.93
97 $101,245.93 $797.09 $0.00 $572.46 $102,615.48
98 $102,615.48 $797.09 $0.00 $580.20 $103,992.77
99 $103,992.77 $797.09 $0.00 $587.99 $105,377.85
100 $105,377.85 $797.09 $0.00 $595.82 $106,770.76
101 $106,770.76 $797.09 $0.00 $603.70 $108,171.55
102 $108,171.55 $797.09 $0.00 $611.62 $109,580.26
103 $109,580.26 $797.09 $0.00 $619.58 $110,996.93
104 $110,996.93 $797.09 $0.00 $627.59 $112,421.61
105 $112,421.61 $797.09 $0.00 $635.65 $113,854.35
106 $113,854.35 $797.09 $0.00 $643.75 $115,295.19
107 $115,295.19 $797.09 $0.00 $651.90 $116,744.18
108 $116,744.18 $797.09 $0.00 $660.09 $118,201.36
109 $118,201.36 $797.09 $0.00 $668.33 $119,666.78
110 $119,666.78 $797.09 $0.00 $676.61 $121,140.48
111 $121,140.48 $797.09 $0.00 $684.95 $122,622.52
112 $122,622.52 $797.09 $0.00 $693.33 $124,112.94
113 $124,112.94 $797.09 $0.00 $701.75 $125,611.78
114 $125,611.78 $797.09 $0.00 $710.23 $127,119.10
115 $127,119.10 $797.09 $0.00 $718.75 $128,634.94
116 $128,634.94 $797.09 $0.00 $727.32 $130,159.35
117 $130,159.35 $797.09 $0.00 $735.94 $131,692.38
118 $131,692.38 $797.09 $0.00 $744.61 $133,234.08
119 $133,234.08 $797.09 $0.00 $753.32 $134,784.49
120 $134,784.49 $797.09 $0.00 $762.09 $136,343.67
121 $136,343.67 $797.09 $0.00 $770.91 $137,911.67
122 $137,911.67 $797.09 $0.00 $779.77 $139,488.53
123 $139,488.53 $797.09 $0.00 $788.69 $141,074.31
124 $141,074.31 $797.09 $0.00 $797.65 $142,669.05
125 $142,669.05 $797.09 $0.00 $806.67 $144,272.81
126 $144,272.81 $797.09 $0.00 $815.74 $145,885.64
127 $145,885.64 $797.09 $0.00 $824.86 $147,507.59
128 $147,507.59 $797.09 $0.00 $834.03 $149,138.71
129 $149,138.71 $797.09 $0.00 $843.25 $150,779.05
130 $150,779.05 $797.09 $0.00 $852.53 $152,428.67
131 $152,428.67 $797.09 $0.00 $861.85 $154,087.61
132 $154,087.61 $797.09 $0.00 $871.23 $155,755.93
133 $155,755.93 $797.09 $0.00 $880.67 $157,433.69
134 $157,433.69 $797.09 $0.00 $890.15 $159,120.93
135 $159,120.93 $797.09 $0.00 $899.69 $160,817.71
136 $160,817.71 $797.09 $0.00 $909.29 $162,524.09
137 $162,524.09 $797.09 $0.00 $918.93 $164,240.11
138 $164,240.11 $797.09 $0.00 $928.64 $165,965.84
139 $165,965.84 $797.09 $0.00 $938.39 $167,701.32
140 $167,701.32 $797.09 $0.00 $948.21 $169,446.62
141 $169,446.62 $797.09 $0.00 $958.08 $171,201.79
142 $171,201.79 $797.09 $0.00 $968.00 $172,966.88
143 $172,966.88 $797.09 $0.00 $977.98 $174,741.95
144 $174,741.95 $797.09 $0.00 $988.02 $176,527.06
145 $176,527.06 $797.09 $0.00 $998.11 $178,322.26
146 $178,322.26 $797.09 $0.00 $1,008.26 $180,127.61
147 $180,127.61 $797.09 $0.00 $1,018.47 $181,943.17
148 $181,943.17 $797.09 $0.00 $1,028.73 $183,768.99
149 $183,768.99 $797.09 $0.00 $1,039.06 $185,605.14
150 $185,605.14 $797.09 $0.00 $1,049.44 $187,451.67
151 $187,451.67 $797.09 $0.00 $1,059.88 $189,308.64
152 $189,308.64 $797.09 $0.00 $1,070.38 $191,176.11
153 $191,176.11 $797.09 $0.00 $1,080.94 $193,054.14
154 $193,054.14 $797.09 $0.00 $1,091.56 $194,942.79
155 $194,942.79 $797.09 $0.00 $1,102.23 $196,842.11
156 $196,842.11 $797.09 $0.00 $1,112.97 $198,752.17
157 $198,752.17 $797.09 $0.00 $1,123.77 $200,673.03
158 $200,673.03 $797.09 $0.00 $1,134.63 $202,604.75
159 $202,604.75 $797.09 $0.00 $1,145.56 $204,547.40
160 $204,547.40 $797.09 $0.00 $1,156.54 $206,501.03
161 $206,501.03 $797.09 $0.00 $1,167.59 $208,465.71
162 $208,465.71 $797.09 $0.00 $1,178.70 $210,441.50
163 $210,441.50 $797.09 $0.00 $1,189.87 $212,428.46
164 $212,428.46 $797.09 $0.00 $1,201.10 $214,426.65
165 $214,426.65 $797.09 $0.00 $1,212.40 $216,436.14
166 $216,436.14 $797.09 $0.00 $1,223.76 $218,456.99
167 $218,456.99 $797.09 $0.00 $1,235.19 $220,489.27
168 $220,489.27 $797.09 $0.00 $1,246.68 $222,533.04
169 $222,533.04 $797.09 $0.00 $1,258.23 $224,588.36
170 $224,588.36 $797.09 $0.00 $1,269.86 $226,655.31
171 $226,655.31 $797.09 $0.00 $1,281.54 $228,733.94
172 $228,733.94 $797.09 $0.00 $1,293.29 $230,824.32
173 $230,824.32 $797.09 $0.00 $1,305.11 $232,926.52
174 $232,926.52 $797.09 $0.00 $1,317.00 $235,040.61
175 $235,040.61 $797.09 $0.00 $1,328.95 $237,166.65
176 $237,166.65 $797.09 $0.00 $1,340.97 $239,304.71
177 $239,304.71 $797.09 $0.00 $1,353.06 $241,454.86
178 $241,454.86 $797.09 $0.00 $1,365.22 $243,617.17
179 $243,617.17 $797.09 $0.00 $1,377.45 $245,791.71
180 $245,791.71 $797.09 $0.00 $1,389.74 $247,978.54
181 $247,978.54 $797.09 $0.00 $1,402.11 $250,177.74
182 $250,177.74 $797.09 $0.00 $1,414.54 $252,389.37
183 $252,389.37 $797.09 $0.00 $1,427.05 $254,613.51
184 $254,613.51 $797.09 $0.00 $1,439.62 $256,850.22
185 $256,850.22 $797.09 $0.00 $1,452.27 $259,099.58
186 $259,099.58 $797.09 $0.00 $1,464.99 $261,361.66
187 $261,361.66 $797.09 $0.00 $1,477.78 $263,636.53
188 $263,636.53 $797.09 $0.00 $1,490.64 $265,924.26
189 $265,924.26 $797.09 $0.00 $1,503.57 $268,224.92
190 $268,224.92 $797.09 $0.00 $1,516.58 $270,538.59
191 $270,538.59 $797.09 $0.00 $1,529.66 $272,865.34
192 $272,865.34 $797.09 $0.00 $1,542.82 $275,205.25
193 $275,205.25 $797.09 $0.00 $1,556.05 $277,558.39
194 $277,558.39 $797.09 $0.00 $1,569.36 $279,924.84
195 $279,924.84 $797.09 $0.00 $1,582.74 $282,304.67
196 $282,304.67 $797.09 $0.00 $1,596.19 $284,697.95
197 $284,697.95 $797.09 $0.00 $1,609.72 $287,104.76
198 $287,104.76 $797.09 $0.00 $1,623.33 $289,525.18
199 $289,525.18 $797.09 $0.00 $1,637.02 $291,959.29
200 $291,959.29 $797.09 $0.00 $1,650.78 $294,407.16
201 $294,407.16 $797.09 $0.00 $1,664.62 $296,868.87
202 $296,868.87 $797.09 $0.00 $1,678.54 $299,344.50
203 $299,344.50 $797.09 $0.00 $1,692.54 $301,834.13
204 $301,834.13 $797.09 $0.00 $1,706.61 $304,337.83
205 $304,337.83 $797.09 $0.00 $1,720.77 $306,855.69
206 $306,855.69 $797.09 $0.00 $1,735.01 $309,387.79
207 $309,387.79 $797.09 $0.00 $1,749.32 $311,934.20
208 $311,934.20 $797.09 $0.00 $1,763.72 $314,495.01
209 $314,495.01 $797.09 $0.00 $1,778.20 $317,070.30
210 $317,070.30 $797.09 $0.00 $1,792.76 $319,660.15
211 $319,660.15 $797.09 $0.00 $1,807.40 $322,264.64
212 $322,264.64 $797.09 $0.00 $1,822.13 $324,883.86
213 $324,883.86 $797.09 $0.00 $1,836.94 $327,517.89
214 $327,517.89 $797.09 $0.00 $1,851.83 $330,166.81
215 $330,166.81 $797.09 $0.00 $1,866.81 $332,830.71
216 $332,830.71 $797.09 $0.00 $1,881.87 $335,509.67
217 $335,509.67 $797.09 $90,862.72 $1,897.02 $247,341.06
218 $247,341.06 $797.09 $0.00 $1,398.50 $249,536.65
219 $249,536.65 $797.09 $0.00 $1,410.92 $251,744.66
220 $251,744.66 $797.09 $0.00 $1,423.40 $253,965.15
221 $253,965.15 $797.09 $0.00 $1,435.96 $256,198.20
222 $256,198.20 $797.09 $0.00 $1,448.58 $258,443.87
223 $258,443.87 $797.09 $0.00 $1,461.28 $260,702.24
224 $260,702.24 $797.09 $0.00 $1,474.05 $262,973.38
225 $262,973.38 $797.09 $0.00 $1,486.89 $265,257.36
226 $265,257.36 $797.09 $0.00 $1,499.80 $267,554.25
227 $267,554.25 $797.09 $0.00 $1,512.79 $269,864.13
228 $269,864.13 $797.09 $0.00 $1,525.85 $272,187.07
229 $272,187.07 $797.09 $97,223.11 $1,538.99 $177,300.04
230 $177,300.04 $797.09 $0.00 $1,002.48 $179,099.61
231 $179,099.61 $797.09 $0.00 $1,012.66 $180,909.36
232 $180,909.36 $797.09 $0.00 $1,022.89 $182,729.34
233 $182,729.34 $797.09 $0.00 $1,033.18 $184,559.61
234 $184,559.61 $797.09 $0.00 $1,043.53 $186,400.23
235 $186,400.23 $797.09 $0.00 $1,053.93 $188,251.25
236 $188,251.25 $797.09 $0.00 $1,064.40 $190,112.74
237 $190,112.74 $797.09 $0.00 $1,074.93 $191,984.76
238 $191,984.76 $797.09 $0.00 $1,085.51 $193,867.36
239 $193,867.36 $797.09 $0.00 $1,096.15 $195,760.60
240 $195,760.60 $797.09 $0.00 $1,106.86 $197,664.55
241 $197,664.55 $797.09 $104,028.73 $1,117.62 $95,550.53
242 $95,550.53 $797.09 $0.00 $540.26 $96,887.88
243 $96,887.88 $797.09 $0.00 $547.82 $98,232.79
244 $98,232.79 $797.09 $0.00 $555.42 $99,585.30
245 $99,585.30 $797.09 $0.00 $563.07 $100,945.46
246 $100,945.46 $797.09 $0.00 $570.76 $102,313.31
247 $102,313.31 $797.09 $0.00 $578.49 $103,688.89
248 $103,688.89 $797.09 $0.00 $586.27 $105,072.25
249 $105,072.25 $797.09 $0.00 $594.09 $106,463.43
250 $106,463.43 $797.09 $0.00 $601.96 $107,862.48
251 $107,862.48 $797.09 $0.00 $609.87 $109,269.44
252 $109,269.44 $797.09 $0.00 $617.83 $110,684.36
253 $110,684.36 $0.00 $111,310.74 $625.83 -$0.55