Savings Plan and Future Cost Estimation for Loyola University Maryland

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$272,372
Monthly savings required$2,153

How much will it cost to send your child to Loyola University Maryland in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,089,486.90 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,152.60 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$72,600.00
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 $2,152.60 $0.00 $0.00 $2,152.60
2 $2,152.60 $2,152.60 $0.00 $12.17 $4,317.37
3 $4,317.37 $2,152.60 $0.00 $24.41 $6,494.38
4 $6,494.38 $2,152.60 $0.00 $36.72 $8,683.70
5 $8,683.70 $2,152.60 $0.00 $49.10 $10,885.40
6 $10,885.40 $2,152.60 $0.00 $61.55 $13,099.55
7 $13,099.55 $2,152.60 $0.00 $74.07 $15,326.22
8 $15,326.22 $2,152.60 $0.00 $86.66 $17,565.48
9 $17,565.48 $2,152.60 $0.00 $99.32 $19,817.40
10 $19,817.40 $2,152.60 $0.00 $112.05 $22,082.05
11 $22,082.05 $2,152.60 $0.00 $124.86 $24,359.51
12 $24,359.51 $2,152.60 $0.00 $137.73 $26,649.84
13 $26,649.84 $2,152.60 $0.00 $150.68 $28,953.12
14 $28,953.12 $2,152.60 $0.00 $163.71 $31,269.43
15 $31,269.43 $2,152.60 $0.00 $176.80 $33,598.83
16 $33,598.83 $2,152.60 $0.00 $189.97 $35,941.40
17 $35,941.40 $2,152.60 $0.00 $203.22 $38,297.22
18 $38,297.22 $2,152.60 $0.00 $216.54 $40,666.36
19 $40,666.36 $2,152.60 $0.00 $229.93 $43,048.89
20 $43,048.89 $2,152.60 $0.00 $243.40 $45,444.89
21 $45,444.89 $2,152.60 $0.00 $256.95 $47,854.44
22 $47,854.44 $2,152.60 $0.00 $270.58 $50,277.62
23 $50,277.62 $2,152.60 $0.00 $284.28 $52,714.50
24 $52,714.50 $2,152.60 $0.00 $298.06 $55,165.16
25 $55,165.16 $2,152.60 $0.00 $311.91 $57,629.67
26 $57,629.67 $2,152.60 $0.00 $325.85 $60,108.12
27 $60,108.12 $2,152.60 $0.00 $339.86 $62,600.58
28 $62,600.58 $2,152.60 $0.00 $353.95 $65,107.13
29 $65,107.13 $2,152.60 $0.00 $368.13 $67,627.86
30 $67,627.86 $2,152.60 $0.00 $382.38 $70,162.84
31 $70,162.84 $2,152.60 $0.00 $396.71 $72,712.15
32 $72,712.15 $2,152.60 $0.00 $411.13 $75,275.88
33 $75,275.88 $2,152.60 $0.00 $425.62 $77,854.10
34 $77,854.10 $2,152.60 $0.00 $440.20 $80,446.90
35 $80,446.90 $2,152.60 $0.00 $454.86 $83,054.36
36 $83,054.36 $2,152.60 $0.00 $469.60 $85,676.56
37 $85,676.56 $2,152.60 $0.00 $484.43 $88,313.59
38 $88,313.59 $2,152.60 $0.00 $499.34 $90,965.53
39 $90,965.53 $2,152.60 $0.00 $514.33 $93,632.46
40 $93,632.46 $2,152.60 $0.00 $529.41 $96,314.47
41 $96,314.47 $2,152.60 $0.00 $544.58 $99,011.65
42 $99,011.65 $2,152.60 $0.00 $559.83 $101,724.08
43 $101,724.08 $2,152.60 $0.00 $575.16 $104,451.84
44 $104,451.84 $2,152.60 $0.00 $590.59 $107,195.03
45 $107,195.03 $2,152.60 $0.00 $606.10 $109,953.73
46 $109,953.73 $2,152.60 $0.00 $621.69 $112,728.02
47 $112,728.02 $2,152.60 $0.00 $637.38 $115,518.00
48 $115,518.00 $2,152.60 $0.00 $653.16 $118,323.76
49 $118,323.76 $2,152.60 $0.00 $669.02 $121,145.38
50 $121,145.38 $2,152.60 $0.00 $684.97 $123,982.95
51 $123,982.95 $2,152.60 $0.00 $701.02 $126,836.57
52 $126,836.57 $2,152.60 $0.00 $717.15 $129,706.32
53 $129,706.32 $2,152.60 $0.00 $733.38 $132,592.30
54 $132,592.30 $2,152.60 $0.00 $749.70 $135,494.60
55 $135,494.60 $2,152.60 $0.00 $766.11 $138,413.31
56 $138,413.31 $2,152.60 $0.00 $782.61 $141,348.52
57 $141,348.52 $2,152.60 $0.00 $799.21 $144,300.33
58 $144,300.33 $2,152.60 $0.00 $815.90 $147,268.83
59 $147,268.83 $2,152.60 $0.00 $832.68 $150,254.11
60 $150,254.11 $2,152.60 $0.00 $849.56 $153,256.27
61 $153,256.27 $2,152.60 $0.00 $866.53 $156,275.40
62 $156,275.40 $2,152.60 $0.00 $883.60 $159,311.60
63 $159,311.60 $2,152.60 $0.00 $900.77 $162,364.97
64 $162,364.97 $2,152.60 $0.00 $918.04 $165,435.61
65 $165,435.61 $2,152.60 $0.00 $935.40 $168,523.61
66 $168,523.61 $2,152.60 $0.00 $952.86 $171,629.07
67 $171,629.07 $2,152.60 $0.00 $970.42 $174,752.09
68 $174,752.09 $2,152.60 $0.00 $988.07 $177,892.76
69 $177,892.76 $2,152.60 $0.00 $1,005.83 $181,051.19
70 $181,051.19 $2,152.60 $0.00 $1,023.69 $184,227.48
71 $184,227.48 $2,152.60 $0.00 $1,041.65 $187,421.73
72 $187,421.73 $2,152.60 $0.00 $1,059.71 $190,634.04
73 $190,634.04 $2,152.60 $0.00 $1,077.87 $193,864.51
74 $193,864.51 $2,152.60 $0.00 $1,096.14 $197,113.25
75 $197,113.25 $2,152.60 $0.00 $1,114.51 $200,380.36
76 $200,380.36 $2,152.60 $0.00 $1,132.98 $203,665.94
77 $203,665.94 $2,152.60 $0.00 $1,151.56 $206,970.10
78 $206,970.10 $2,152.60 $0.00 $1,170.24 $210,292.94
79 $210,292.94 $2,152.60 $0.00 $1,189.03 $213,634.57
80 $213,634.57 $2,152.60 $0.00 $1,207.92 $216,995.09
81 $216,995.09 $2,152.60 $0.00 $1,226.92 $220,374.61
82 $220,374.61 $2,152.60 $0.00 $1,246.03 $223,773.24
83 $223,773.24 $2,152.60 $0.00 $1,265.25 $227,191.09
84 $227,191.09 $2,152.60 $0.00 $1,284.57 $230,628.26
85 $230,628.26 $2,152.60 $0.00 $1,304.01 $234,084.87
86 $234,084.87 $2,152.60 $0.00 $1,323.55 $237,561.02
87 $237,561.02 $2,152.60 $0.00 $1,343.20 $241,056.82
88 $241,056.82 $2,152.60 $0.00 $1,362.97 $244,572.39
89 $244,572.39 $2,152.60 $0.00 $1,382.85 $248,107.84
90 $248,107.84 $2,152.60 $0.00 $1,402.84 $251,663.28
91 $251,663.28 $2,152.60 $0.00 $1,422.94 $255,238.82
92 $255,238.82 $2,152.60 $0.00 $1,443.16 $258,834.58
93 $258,834.58 $2,152.60 $0.00 $1,463.49 $262,450.67
94 $262,450.67 $2,152.60 $0.00 $1,483.93 $266,087.20
95 $266,087.20 $2,152.60 $0.00 $1,504.50 $269,744.30
96 $269,744.30 $2,152.60 $0.00 $1,525.17 $273,422.07
97 $273,422.07 $2,152.60 $0.00 $1,545.97 $277,120.64
98 $277,120.64 $2,152.60 $0.00 $1,566.88 $280,840.12
99 $280,840.12 $2,152.60 $0.00 $1,587.91 $284,580.63
100 $284,580.63 $2,152.60 $0.00 $1,609.06 $288,342.29
101 $288,342.29 $2,152.60 $0.00 $1,630.33 $292,125.22
102 $292,125.22 $2,152.60 $0.00 $1,651.72 $295,929.54
103 $295,929.54 $2,152.60 $0.00 $1,673.23 $299,755.37
104 $299,755.37 $2,152.60 $0.00 $1,694.86 $303,602.83
105 $303,602.83 $2,152.60 $0.00 $1,716.61 $307,472.04
106 $307,472.04 $2,152.60 $0.00 $1,738.49 $311,363.13
107 $311,363.13 $2,152.60 $0.00 $1,760.49 $315,276.22
108 $315,276.22 $2,152.60 $0.00 $1,782.62 $319,211.44
109 $319,211.44 $2,152.60 $0.00 $1,804.87 $323,168.91
110 $323,168.91 $2,152.60 $0.00 $1,827.24 $327,148.75
111 $327,148.75 $2,152.60 $0.00 $1,849.75 $331,151.10
112 $331,151.10 $2,152.60 $0.00 $1,872.38 $335,176.08
113 $335,176.08 $2,152.60 $0.00 $1,895.13 $339,223.81
114 $339,223.81 $2,152.60 $0.00 $1,918.02 $343,294.43
115 $343,294.43 $2,152.60 $0.00 $1,941.04 $347,388.07
116 $347,388.07 $2,152.60 $0.00 $1,964.18 $351,504.85
117 $351,504.85 $2,152.60 $0.00 $1,987.46 $355,644.91
118 $355,644.91 $2,152.60 $0.00 $2,010.87 $359,808.38
119 $359,808.38 $2,152.60 $0.00 $2,034.41 $363,995.39
120 $363,995.39 $2,152.60 $0.00 $2,058.08 $368,206.07
121 $368,206.07 $2,152.60 $0.00 $2,081.89 $372,440.56
122 $372,440.56 $2,152.60 $0.00 $2,105.83 $376,698.99
123 $376,698.99 $2,152.60 $0.00 $2,129.91 $380,981.50
124 $380,981.50 $2,152.60 $0.00 $2,154.12 $385,288.22
125 $385,288.22 $2,152.60 $0.00 $2,178.48 $389,619.30
126 $389,619.30 $2,152.60 $0.00 $2,202.96 $393,974.86
127 $393,974.86 $2,152.60 $0.00 $2,227.59 $398,355.05
128 $398,355.05 $2,152.60 $0.00 $2,252.36 $402,760.01
129 $402,760.01 $2,152.60 $0.00 $2,277.26 $407,189.87
130 $407,189.87 $2,152.60 $0.00 $2,302.31 $411,644.78
131 $411,644.78 $2,152.60 $0.00 $2,327.50 $416,124.88
132 $416,124.88 $2,152.60 $0.00 $2,352.83 $420,630.31
133 $420,630.31 $2,152.60 $0.00 $2,378.30 $425,161.21
134 $425,161.21 $2,152.60 $0.00 $2,403.92 $429,717.73
135 $429,717.73 $2,152.60 $0.00 $2,429.69 $434,300.02
136 $434,300.02 $2,152.60 $0.00 $2,455.60 $438,908.22
137 $438,908.22 $2,152.60 $0.00 $2,481.65 $443,542.47
138 $443,542.47 $2,152.60 $0.00 $2,507.85 $448,202.92
139 $448,202.92 $2,152.60 $0.00 $2,534.20 $452,889.72
140 $452,889.72 $2,152.60 $0.00 $2,560.70 $457,603.02
141 $457,603.02 $2,152.60 $0.00 $2,587.35 $462,342.97
142 $462,342.97 $2,152.60 $0.00 $2,614.15 $467,109.72
143 $467,109.72 $2,152.60 $0.00 $2,641.11 $471,903.43
144 $471,903.43 $2,152.60 $0.00 $2,668.21 $476,724.24
145 $476,724.24 $2,152.60 $0.00 $2,695.47 $481,572.31
146 $481,572.31 $2,152.60 $0.00 $2,722.88 $486,447.79
147 $486,447.79 $2,152.60 $0.00 $2,750.45 $491,350.84
148 $491,350.84 $2,152.60 $0.00 $2,778.17 $496,281.61
149 $496,281.61 $2,152.60 $0.00 $2,806.05 $501,240.26
150 $501,240.26 $2,152.60 $0.00 $2,834.09 $506,226.95
151 $506,226.95 $2,152.60 $0.00 $2,862.28 $511,241.83
152 $511,241.83 $2,152.60 $0.00 $2,890.64 $516,285.07
153 $516,285.07 $2,152.60 $0.00 $2,919.15 $521,356.82
154 $521,356.82 $2,152.60 $0.00 $2,947.83 $526,457.25
155 $526,457.25 $2,152.60 $0.00 $2,976.67 $531,586.52
156 $531,586.52 $2,152.60 $0.00 $3,005.67 $536,744.79
157 $536,744.79 $2,152.60 $0.00 $3,034.83 $541,932.22
158 $541,932.22 $2,152.60 $0.00 $3,064.16 $547,148.98
159 $547,148.98 $2,152.60 $0.00 $3,093.66 $552,395.24
160 $552,395.24 $2,152.60 $0.00 $3,123.32 $557,671.16
161 $557,671.16 $2,152.60 $0.00 $3,153.15 $562,976.91
162 $562,976.91 $2,152.60 $0.00 $3,183.15 $568,312.66
163 $568,312.66 $2,152.60 $0.00 $3,213.32 $573,678.58
164 $573,678.58 $2,152.60 $0.00 $3,243.66 $579,074.84
165 $579,074.84 $2,152.60 $0.00 $3,274.17 $584,501.61
166 $584,501.61 $2,152.60 $0.00 $3,304.86 $589,959.07
167 $589,959.07 $2,152.60 $0.00 $3,335.71 $595,447.38
168 $595,447.38 $2,152.60 $0.00 $3,366.75 $600,966.73
169 $600,966.73 $2,152.60 $0.00 $3,397.95 $606,517.28
170 $606,517.28 $2,152.60 $0.00 $3,429.34 $612,099.22
171 $612,099.22 $2,152.60 $0.00 $3,460.90 $617,712.72
172 $617,712.72 $2,152.60 $0.00 $3,492.64 $623,357.96
173 $623,357.96 $2,152.60 $0.00 $3,524.56 $629,035.12
174 $629,035.12 $2,152.60 $0.00 $3,556.66 $634,744.38
175 $634,744.38 $2,152.60 $0.00 $3,588.94 $640,485.92
176 $640,485.92 $2,152.60 $0.00 $3,621.40 $646,259.92
177 $646,259.92 $2,152.60 $0.00 $3,654.05 $652,066.57
178 $652,066.57 $2,152.60 $0.00 $3,686.88 $657,906.05
179 $657,906.05 $2,152.60 $0.00 $3,719.90 $663,778.55
180 $663,778.55 $2,152.60 $0.00 $3,753.10 $669,684.25
181 $669,684.25 $2,152.60 $0.00 $3,786.49 $675,623.34
182 $675,623.34 $2,152.60 $0.00 $3,820.07 $681,596.01
183 $681,596.01 $2,152.60 $0.00 $3,853.84 $687,602.45
184 $687,602.45 $2,152.60 $0.00 $3,887.80 $693,642.85
185 $693,642.85 $2,152.60 $0.00 $3,921.96 $699,717.41
186 $699,717.41 $2,152.60 $0.00 $3,956.30 $705,826.31
187 $705,826.31 $2,152.60 $0.00 $3,990.84 $711,969.75
188 $711,969.75 $2,152.60 $0.00 $4,025.58 $718,147.93
189 $718,147.93 $2,152.60 $0.00 $4,060.51 $724,361.04
190 $724,361.04 $2,152.60 $0.00 $4,095.64 $730,609.28
191 $730,609.28 $2,152.60 $0.00 $4,130.97 $736,892.85
192 $736,892.85 $2,152.60 $0.00 $4,166.50 $743,211.95
193 $743,211.95 $2,152.60 $0.00 $4,202.23 $749,566.78
194 $749,566.78 $2,152.60 $0.00 $4,238.16 $755,957.54
195 $755,957.54 $2,152.60 $0.00 $4,274.29 $762,384.43
196 $762,384.43 $2,152.60 $0.00 $4,310.63 $768,847.66
197 $768,847.66 $2,152.60 $0.00 $4,347.18 $775,347.44
198 $775,347.44 $2,152.60 $0.00 $4,383.93 $781,883.97
199 $781,883.97 $2,152.60 $0.00 $4,420.89 $788,457.46
200 $788,457.46 $2,152.60 $0.00 $4,458.05 $795,068.11
201 $795,068.11 $2,152.60 $0.00 $4,495.43 $801,716.14
202 $801,716.14 $2,152.60 $0.00 $4,533.02 $808,401.76
203 $808,401.76 $2,152.60 $0.00 $4,570.82 $815,125.18
204 $815,125.18 $2,152.60 $0.00 $4,608.84 $821,886.62
205 $821,886.62 $2,152.60 $0.00 $4,647.07 $828,686.29
206 $828,686.29 $2,152.60 $0.00 $4,685.51 $835,524.40
207 $835,524.40 $2,152.60 $0.00 $4,724.18 $842,401.18
208 $842,401.18 $2,152.60 $0.00 $4,763.06 $849,316.84
209 $849,316.84 $2,152.60 $0.00 $4,802.16 $856,271.60
210 $856,271.60 $2,152.60 $0.00 $4,841.48 $863,265.68
211 $863,265.68 $2,152.60 $0.00 $4,881.03 $870,299.31
212 $870,299.31 $2,152.60 $0.00 $4,920.80 $877,372.71
213 $877,372.71 $2,152.60 $0.00 $4,960.79 $884,486.10
214 $884,486.10 $2,152.60 $0.00 $5,001.01 $891,639.71
215 $891,639.71 $2,152.60 $0.00 $5,041.46 $898,833.77
216 $898,833.77 $2,152.60 $0.00 $5,082.14 $906,068.51
217 $906,068.51 $2,152.60 $245,383.08 $5,123.04 $667,961.07
218 $667,961.07 $2,152.60 $0.00 $3,776.75 $673,890.42
219 $673,890.42 $2,152.60 $0.00 $3,810.27 $679,853.29
220 $679,853.29 $2,152.60 $0.00 $3,843.99 $685,849.88
221 $685,849.88 $2,152.60 $0.00 $3,877.89 $691,880.37
222 $691,880.37 $2,152.60 $0.00 $3,911.99 $697,944.96
223 $697,944.96 $2,152.60 $0.00 $3,946.28 $704,043.84
224 $704,043.84 $2,152.60 $0.00 $3,980.77 $710,177.21
225 $710,177.21 $2,152.60 $0.00 $4,015.45 $716,345.26
226 $716,345.26 $2,152.60 $0.00 $4,050.32 $722,548.18
227 $722,548.18 $2,152.60 $0.00 $4,085.39 $728,786.17
228 $728,786.17 $2,152.60 $0.00 $4,120.66 $735,059.43
229 $735,059.43 $2,152.60 $262,559.90 $4,156.13 $478,808.26
230 $478,808.26 $2,152.60 $0.00 $2,707.25 $483,668.11
231 $483,668.11 $2,152.60 $0.00 $2,734.73 $488,555.44
232 $488,555.44 $2,152.60 $0.00 $2,762.36 $493,470.40
233 $493,470.40 $2,152.60 $0.00 $2,790.15 $498,413.15
234 $498,413.15 $2,152.60 $0.00 $2,818.10 $503,383.85
235 $503,383.85 $2,152.60 $0.00 $2,846.21 $508,382.66
236 $508,382.66 $2,152.60 $0.00 $2,874.47 $513,409.73
237 $513,409.73 $2,152.60 $0.00 $2,902.89 $518,465.22
238 $518,465.22 $2,152.60 $0.00 $2,931.48 $523,549.30
239 $523,549.30 $2,152.60 $0.00 $2,960.22 $528,662.12
240 $528,662.12 $2,152.60 $0.00 $2,989.13 $533,803.85
241 $533,803.85 $2,152.60 $280,939.09 $3,018.20 $258,035.56
242 $258,035.56 $2,152.60 $0.00 $1,458.97 $261,647.13
243 $261,647.13 $2,152.60 $0.00 $1,479.39 $265,279.12
244 $265,279.12 $2,152.60 $0.00 $1,499.93 $268,931.65
245 $268,931.65 $2,152.60 $0.00 $1,520.58 $272,604.83
246 $272,604.83 $2,152.60 $0.00 $1,541.35 $276,298.78
247 $276,298.78 $2,152.60 $0.00 $1,562.23 $280,013.61
248 $280,013.61 $2,152.60 $0.00 $1,583.24 $283,749.45
249 $283,749.45 $2,152.60 $0.00 $1,604.36 $287,506.41
250 $287,506.41 $2,152.60 $0.00 $1,625.60 $291,284.61
251 $291,284.61 $2,152.60 $0.00 $1,646.97 $295,084.18
252 $295,084.18 $2,152.60 $0.00 $1,668.45 $298,905.23
253 $298,905.23 $0.00 $300,604.83 $1,690.05 -$9.55