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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$68,590
Monthly savings required$543

How much will it cost to send your child to University of Louisville in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $274,361.35 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $542.95 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$26,450.00
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 $542.95 $0.00 $0.00 $542.95
2 $542.95 $542.95 $0.00 $3.07 $1,088.97
3 $1,088.97 $542.95 $0.00 $6.16 $1,638.08
4 $1,638.08 $542.95 $0.00 $9.26 $2,190.29
5 $2,190.29 $542.95 $0.00 $12.38 $2,745.62
6 $2,745.62 $542.95 $0.00 $15.52 $3,304.09
7 $3,304.09 $542.95 $0.00 $18.68 $3,865.72
8 $3,865.72 $542.95 $0.00 $21.86 $4,430.53
9 $4,430.53 $542.95 $0.00 $25.05 $4,998.53
10 $4,998.53 $542.95 $0.00 $28.26 $5,569.74
11 $5,569.74 $542.95 $0.00 $31.49 $6,144.18
12 $6,144.18 $542.95 $0.00 $34.74 $6,721.87
13 $6,721.87 $542.95 $0.00 $38.01 $7,302.83
14 $7,302.83 $542.95 $0.00 $41.29 $7,887.07
15 $7,887.07 $542.95 $0.00 $44.59 $8,474.61
16 $8,474.61 $542.95 $0.00 $47.92 $9,065.48
17 $9,065.48 $542.95 $0.00 $51.26 $9,659.69
18 $9,659.69 $542.95 $0.00 $54.62 $10,257.26
19 $10,257.26 $542.95 $0.00 $58.00 $10,858.21
20 $10,858.21 $542.95 $0.00 $61.39 $11,462.55
21 $11,462.55 $542.95 $0.00 $64.81 $12,070.31
22 $12,070.31 $542.95 $0.00 $68.25 $12,681.51
23 $12,681.51 $542.95 $0.00 $71.70 $13,296.16
24 $13,296.16 $542.95 $0.00 $75.18 $13,914.29
25 $13,914.29 $542.95 $0.00 $78.67 $14,535.91
26 $14,535.91 $542.95 $0.00 $82.19 $15,161.05
27 $15,161.05 $542.95 $0.00 $85.72 $15,789.72
28 $15,789.72 $542.95 $0.00 $89.28 $16,421.95
29 $16,421.95 $542.95 $0.00 $92.85 $17,057.75
30 $17,057.75 $542.95 $0.00 $96.45 $17,697.15
31 $17,697.15 $542.95 $0.00 $100.06 $18,340.16
32 $18,340.16 $542.95 $0.00 $103.70 $18,986.81
33 $18,986.81 $542.95 $0.00 $107.35 $19,637.11
34 $19,637.11 $542.95 $0.00 $111.03 $20,291.09
35 $20,291.09 $542.95 $0.00 $114.73 $20,948.77
36 $20,948.77 $542.95 $0.00 $118.45 $21,610.17
37 $21,610.17 $542.95 $0.00 $122.19 $22,275.31
38 $22,275.31 $542.95 $0.00 $125.95 $22,944.21
39 $22,944.21 $542.95 $0.00 $129.73 $23,616.89
40 $23,616.89 $542.95 $0.00 $133.53 $24,293.37
41 $24,293.37 $542.95 $0.00 $137.36 $24,973.68
42 $24,973.68 $542.95 $0.00 $141.20 $25,657.83
43 $25,657.83 $542.95 $0.00 $145.07 $26,345.85
44 $26,345.85 $542.95 $0.00 $148.96 $27,037.76
45 $27,037.76 $542.95 $0.00 $152.88 $27,733.59
46 $27,733.59 $542.95 $0.00 $156.81 $28,433.35
47 $28,433.35 $542.95 $0.00 $160.77 $29,137.07
48 $29,137.07 $542.95 $0.00 $164.75 $29,844.77
49 $29,844.77 $542.95 $0.00 $168.75 $30,556.47
50 $30,556.47 $542.95 $0.00 $172.77 $31,272.19
51 $31,272.19 $542.95 $0.00 $176.82 $31,991.96
52 $31,991.96 $542.95 $0.00 $180.89 $32,715.80
53 $32,715.80 $542.95 $0.00 $184.98 $33,443.73
54 $33,443.73 $542.95 $0.00 $189.10 $34,175.78
55 $34,175.78 $542.95 $0.00 $193.23 $34,911.96
56 $34,911.96 $542.95 $0.00 $197.40 $35,652.31
57 $35,652.31 $542.95 $0.00 $201.58 $36,396.84
58 $36,396.84 $542.95 $0.00 $205.79 $37,145.58
59 $37,145.58 $542.95 $0.00 $210.03 $37,898.56
60 $37,898.56 $542.95 $0.00 $214.28 $38,655.79
61 $38,655.79 $542.95 $0.00 $218.57 $39,417.31
62 $39,417.31 $542.95 $0.00 $222.87 $40,183.13
63 $40,183.13 $542.95 $0.00 $227.20 $40,953.28
64 $40,953.28 $542.95 $0.00 $231.56 $41,727.79
65 $41,727.79 $542.95 $0.00 $235.93 $42,506.67
66 $42,506.67 $542.95 $0.00 $240.34 $43,289.96
67 $43,289.96 $542.95 $0.00 $244.77 $44,077.68
68 $44,077.68 $542.95 $0.00 $249.22 $44,869.85
69 $44,869.85 $542.95 $0.00 $253.70 $45,666.50
70 $45,666.50 $542.95 $0.00 $258.21 $46,467.66
71 $46,467.66 $542.95 $0.00 $262.73 $47,273.34
72 $47,273.34 $542.95 $0.00 $267.29 $48,083.58
73 $48,083.58 $542.95 $0.00 $271.87 $48,898.40
74 $48,898.40 $542.95 $0.00 $276.48 $49,717.83
75 $49,717.83 $542.95 $0.00 $281.11 $50,541.89
76 $50,541.89 $542.95 $0.00 $285.77 $51,370.61
77 $51,370.61 $542.95 $0.00 $290.46 $52,204.02
78 $52,204.02 $542.95 $0.00 $295.17 $53,042.14
79 $53,042.14 $542.95 $0.00 $299.91 $53,885.00
80 $53,885.00 $542.95 $0.00 $304.67 $54,732.62
81 $54,732.62 $542.95 $0.00 $309.47 $55,585.04
82 $55,585.04 $542.95 $0.00 $314.29 $56,442.28
83 $56,442.28 $542.95 $0.00 $319.13 $57,304.36
84 $57,304.36 $542.95 $0.00 $324.01 $58,171.32
85 $58,171.32 $542.95 $0.00 $328.91 $59,043.18
86 $59,043.18 $542.95 $0.00 $333.84 $59,919.97
87 $59,919.97 $542.95 $0.00 $338.80 $60,801.72
88 $60,801.72 $542.95 $0.00 $343.78 $61,688.45
89 $61,688.45 $542.95 $0.00 $348.80 $62,580.20
90 $62,580.20 $542.95 $0.00 $353.84 $63,476.99
91 $63,476.99 $542.95 $0.00 $358.91 $64,378.85
92 $64,378.85 $542.95 $0.00 $364.01 $65,285.81
93 $65,285.81 $542.95 $0.00 $369.14 $66,197.90
94 $66,197.90 $542.95 $0.00 $374.29 $67,115.14
95 $67,115.14 $542.95 $0.00 $379.48 $68,037.57
96 $68,037.57 $542.95 $0.00 $384.69 $68,965.21
97 $68,965.21 $542.95 $0.00 $389.94 $69,898.10
98 $69,898.10 $542.95 $0.00 $395.21 $70,836.26
99 $70,836.26 $542.95 $0.00 $400.52 $71,779.73
100 $71,779.73 $542.95 $0.00 $405.85 $72,728.53
101 $72,728.53 $542.95 $0.00 $411.22 $73,682.70
102 $73,682.70 $542.95 $0.00 $416.61 $74,642.26
103 $74,642.26 $542.95 $0.00 $422.04 $75,607.25
104 $75,607.25 $542.95 $0.00 $427.49 $76,577.69
105 $76,577.69 $542.95 $0.00 $432.98 $77,553.62
106 $77,553.62 $542.95 $0.00 $438.50 $78,535.07
107 $78,535.07 $542.95 $0.00 $444.05 $79,522.07
108 $79,522.07 $542.95 $0.00 $449.63 $80,514.65
109 $80,514.65 $542.95 $0.00 $455.24 $81,512.84
110 $81,512.84 $542.95 $0.00 $460.89 $82,516.68
111 $82,516.68 $542.95 $0.00 $466.56 $83,526.19
112 $83,526.19 $542.95 $0.00 $472.27 $84,541.41
113 $84,541.41 $542.95 $0.00 $478.01 $85,562.37
114 $85,562.37 $542.95 $0.00 $483.78 $86,589.10
115 $86,589.10 $542.95 $0.00 $489.59 $87,621.64
116 $87,621.64 $542.95 $0.00 $495.43 $88,660.02
117 $88,660.02 $542.95 $0.00 $501.30 $89,704.27
118 $89,704.27 $542.95 $0.00 $507.20 $90,754.42
119 $90,754.42 $542.95 $0.00 $513.14 $91,810.51
120 $91,810.51 $542.95 $0.00 $519.11 $92,872.57
121 $92,872.57 $542.95 $0.00 $525.12 $93,940.64
122 $93,940.64 $542.95 $0.00 $531.15 $95,014.74
123 $95,014.74 $542.95 $0.00 $537.23 $96,094.92
124 $96,094.92 $542.95 $0.00 $543.33 $97,181.20
125 $97,181.20 $542.95 $0.00 $549.48 $98,273.63
126 $98,273.63 $542.95 $0.00 $555.65 $99,372.23
127 $99,372.23 $542.95 $0.00 $561.87 $100,477.05
128 $100,477.05 $542.95 $0.00 $568.11 $101,588.11
129 $101,588.11 $542.95 $0.00 $574.39 $102,705.45
130 $102,705.45 $542.95 $0.00 $580.71 $103,829.11
131 $103,829.11 $542.95 $0.00 $587.06 $104,959.12
132 $104,959.12 $542.95 $0.00 $593.45 $106,095.52
133 $106,095.52 $542.95 $0.00 $599.88 $107,238.35
134 $107,238.35 $542.95 $0.00 $606.34 $108,387.64
135 $108,387.64 $542.95 $0.00 $612.84 $109,543.43
136 $109,543.43 $542.95 $0.00 $619.37 $110,705.75
137 $110,705.75 $542.95 $0.00 $625.95 $111,874.65
138 $111,874.65 $542.95 $0.00 $632.56 $113,050.16
139 $113,050.16 $542.95 $0.00 $639.20 $114,232.31
140 $114,232.31 $542.95 $0.00 $645.89 $115,421.15
141 $115,421.15 $542.95 $0.00 $652.61 $116,616.71
142 $116,616.71 $542.95 $0.00 $659.37 $117,819.03
143 $117,819.03 $542.95 $0.00 $666.17 $119,028.15
144 $119,028.15 $542.95 $0.00 $673.00 $120,244.10
145 $120,244.10 $542.95 $0.00 $679.88 $121,466.93
146 $121,466.93 $542.95 $0.00 $686.79 $122,696.67
147 $122,696.67 $542.95 $0.00 $693.74 $123,933.36
148 $123,933.36 $542.95 $0.00 $700.74 $125,177.05
149 $125,177.05 $542.95 $0.00 $707.77 $126,427.77
150 $126,427.77 $542.95 $0.00 $714.84 $127,685.56
151 $127,685.56 $542.95 $0.00 $721.95 $128,950.46
152 $128,950.46 $542.95 $0.00 $729.10 $130,222.51
153 $130,222.51 $542.95 $0.00 $736.30 $131,501.76
154 $131,501.76 $542.95 $0.00 $743.53 $132,788.24
155 $132,788.24 $542.95 $0.00 $750.80 $134,081.99
156 $134,081.99 $542.95 $0.00 $758.12 $135,383.06
157 $135,383.06 $542.95 $0.00 $765.48 $136,691.49
158 $136,691.49 $542.95 $0.00 $772.87 $138,007.31
159 $138,007.31 $542.95 $0.00 $780.31 $139,330.57
160 $139,330.57 $542.95 $0.00 $787.80 $140,661.32
161 $140,661.32 $542.95 $0.00 $795.32 $141,999.59
162 $141,999.59 $542.95 $0.00 $802.89 $143,345.43
163 $143,345.43 $542.95 $0.00 $810.50 $144,698.88
164 $144,698.88 $542.95 $0.00 $818.15 $146,059.98
165 $146,059.98 $542.95 $0.00 $825.84 $147,428.77
166 $147,428.77 $542.95 $0.00 $833.58 $148,805.30
167 $148,805.30 $542.95 $0.00 $841.37 $150,189.62
168 $150,189.62 $542.95 $0.00 $849.19 $151,581.76
169 $151,581.76 $542.95 $0.00 $857.07 $152,981.78
170 $152,981.78 $542.95 $0.00 $864.98 $154,389.71
171 $154,389.71 $542.95 $0.00 $872.94 $155,805.60
172 $155,805.60 $542.95 $0.00 $880.95 $157,229.50
173 $157,229.50 $542.95 $0.00 $889.00 $158,661.45
174 $158,661.45 $542.95 $0.00 $897.09 $160,101.49
175 $160,101.49 $542.95 $0.00 $905.24 $161,549.68
176 $161,549.68 $542.95 $0.00 $913.43 $163,006.06
177 $163,006.06 $542.95 $0.00 $921.66 $164,470.67
178 $164,470.67 $542.95 $0.00 $929.94 $165,943.56
179 $165,943.56 $542.95 $0.00 $938.27 $167,424.78
180 $167,424.78 $542.95 $0.00 $946.64 $168,914.37
181 $168,914.37 $542.95 $0.00 $955.07 $170,412.39
182 $170,412.39 $542.95 $0.00 $963.54 $171,918.88
183 $171,918.88 $542.95 $0.00 $972.05 $173,433.88
184 $173,433.88 $542.95 $0.00 $980.62 $174,957.45
185 $174,957.45 $542.95 $0.00 $989.23 $176,489.63
186 $176,489.63 $542.95 $0.00 $997.90 $178,030.48
187 $178,030.48 $542.95 $0.00 $1,006.61 $179,580.04
188 $179,580.04 $542.95 $0.00 $1,015.37 $181,138.36
189 $181,138.36 $542.95 $0.00 $1,024.18 $182,705.49
190 $182,705.49 $542.95 $0.00 $1,033.04 $184,281.48
191 $184,281.48 $542.95 $0.00 $1,041.95 $185,866.38
192 $185,866.38 $542.95 $0.00 $1,050.92 $187,460.25
193 $187,460.25 $542.95 $0.00 $1,059.93 $189,063.13
194 $189,063.13 $542.95 $0.00 $1,068.99 $190,675.07
195 $190,675.07 $542.95 $0.00 $1,078.10 $192,296.12
196 $192,296.12 $542.95 $0.00 $1,087.27 $193,926.34
197 $193,926.34 $542.95 $0.00 $1,096.49 $195,565.78
198 $195,565.78 $542.95 $0.00 $1,105.76 $197,214.49
199 $197,214.49 $542.95 $0.00 $1,115.08 $198,872.52
200 $198,872.52 $542.95 $0.00 $1,124.45 $200,539.92
201 $200,539.92 $542.95 $0.00 $1,133.88 $202,216.75
202 $202,216.75 $542.95 $0.00 $1,143.36 $203,903.06
203 $203,903.06 $542.95 $0.00 $1,152.90 $205,598.91
204 $205,598.91 $542.95 $0.00 $1,162.49 $207,304.35
205 $207,304.35 $542.95 $0.00 $1,172.13 $209,019.43
206 $209,019.43 $542.95 $0.00 $1,181.83 $210,744.21
207 $210,744.21 $542.95 $0.00 $1,191.58 $212,478.74
208 $212,478.74 $542.95 $0.00 $1,201.39 $214,223.08
209 $214,223.08 $542.95 $0.00 $1,211.25 $215,977.28
210 $215,977.28 $542.95 $0.00 $1,221.17 $217,741.40
211 $217,741.40 $542.95 $0.00 $1,231.14 $219,515.49
212 $219,515.49 $542.95 $0.00 $1,241.17 $221,299.61
213 $221,299.61 $542.95 $0.00 $1,251.26 $223,093.82
214 $223,093.82 $542.95 $0.00 $1,261.40 $224,898.17
215 $224,898.17 $542.95 $0.00 $1,271.61 $226,712.73
216 $226,712.73 $542.95 $0.00 $1,281.87 $228,537.55
217 $228,537.55 $542.95 $63,655.08 $1,292.18 $166,717.60
218 $166,717.60 $542.95 $0.00 $942.65 $168,203.20
219 $168,203.20 $542.95 $0.00 $951.05 $169,697.20
220 $169,697.20 $542.95 $0.00 $959.49 $171,199.64
221 $171,199.64 $542.95 $0.00 $967.99 $172,710.58
222 $172,710.58 $542.95 $0.00 $976.53 $174,230.06
223 $174,230.06 $542.95 $0.00 $985.12 $175,758.13
224 $175,758.13 $542.95 $0.00 $993.76 $177,294.84
225 $177,294.84 $542.95 $0.00 $1,002.45 $178,840.24
226 $178,840.24 $542.95 $0.00 $1,011.19 $180,394.38
227 $180,394.38 $542.95 $0.00 $1,019.98 $181,957.31
228 $181,957.31 $542.95 $0.00 $1,028.81 $183,529.07
229 $183,529.07 $542.95 $66,837.83 $1,037.70 $118,271.89
230 $118,271.89 $542.95 $0.00 $668.73 $119,483.57
231 $119,483.57 $542.95 $0.00 $675.58 $120,702.10
232 $120,702.10 $542.95 $0.00 $682.47 $121,927.52
233 $121,927.52 $542.95 $0.00 $689.40 $123,159.87
234 $123,159.87 $542.95 $0.00 $696.36 $124,399.18
235 $124,399.18 $542.95 $0.00 $703.37 $125,645.50
236 $125,645.50 $542.95 $0.00 $710.42 $126,898.87
237 $126,898.87 $542.95 $0.00 $717.50 $128,159.32
238 $128,159.32 $542.95 $0.00 $724.63 $129,426.90
239 $129,426.90 $542.95 $0.00 $731.80 $130,701.65
240 $130,701.65 $542.95 $0.00 $739.01 $131,983.61
241 $131,983.61 $542.95 $70,179.72 $746.25 $63,093.09
242 $63,093.09 $542.95 $0.00 $356.74 $63,992.78
243 $63,992.78 $542.95 $0.00 $361.82 $64,897.55
244 $64,897.55 $542.95 $0.00 $366.94 $65,807.44
245 $65,807.44 $542.95 $0.00 $372.08 $66,722.47
246 $66,722.47 $542.95 $0.00 $377.26 $67,642.68
247 $67,642.68 $542.95 $0.00 $382.46 $68,568.09
248 $68,568.09 $542.95 $0.00 $387.69 $69,498.73
249 $69,498.73 $542.95 $0.00 $392.96 $70,434.64
250 $70,434.64 $542.95 $0.00 $398.25 $71,375.84
251 $71,375.84 $542.95 $0.00 $403.57 $72,322.36
252 $72,322.36 $542.95 $0.00 $408.92 $73,274.23
253 $73,274.23 $0.00 $73,688.71 $414.30 ($0.18)