Savings Plan and Future Cost Estimation for Morgan State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$96,549
Monthly savings required$763

How much will it cost to send your child to Morgan State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $386,197.60 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $763.05 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$25,735.00
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 $763.05 $0.00 $0.00 $763.05
2 $763.05 $763.05 $0.00 $4.31 $1,530.41
3 $1,530.41 $763.05 $0.00 $8.65 $2,302.11
4 $2,302.11 $763.05 $0.00 $13.02 $3,078.18
5 $3,078.18 $763.05 $0.00 $17.40 $3,858.63
6 $3,858.63 $763.05 $0.00 $21.82 $4,643.50
7 $4,643.50 $763.05 $0.00 $26.26 $5,432.81
8 $5,432.81 $763.05 $0.00 $30.72 $6,226.58
9 $6,226.58 $763.05 $0.00 $35.21 $7,024.84
10 $7,024.84 $763.05 $0.00 $39.72 $7,827.61
11 $7,827.61 $763.05 $0.00 $44.26 $8,634.92
12 $8,634.92 $763.05 $0.00 $48.82 $9,446.79
13 $9,446.79 $763.05 $0.00 $53.41 $10,263.25
14 $10,263.25 $763.05 $0.00 $58.03 $11,084.33
15 $11,084.33 $763.05 $0.00 $62.67 $11,910.05
16 $11,910.05 $763.05 $0.00 $67.34 $12,740.44
17 $12,740.44 $763.05 $0.00 $72.04 $13,575.53
18 $13,575.53 $763.05 $0.00 $76.76 $14,415.34
19 $14,415.34 $763.05 $0.00 $81.51 $15,259.90
20 $15,259.90 $763.05 $0.00 $86.28 $16,109.23
21 $16,109.23 $763.05 $0.00 $91.08 $16,963.36
22 $16,963.36 $763.05 $0.00 $95.91 $17,822.32
23 $17,822.32 $763.05 $0.00 $100.77 $18,686.14
24 $18,686.14 $763.05 $0.00 $105.65 $19,554.84
25 $19,554.84 $763.05 $0.00 $110.57 $20,428.46
26 $20,428.46 $763.05 $0.00 $115.51 $21,307.02
27 $21,307.02 $763.05 $0.00 $120.47 $22,190.54
28 $22,190.54 $763.05 $0.00 $125.47 $23,079.06
29 $23,079.06 $763.05 $0.00 $130.49 $23,972.60
30 $23,972.60 $763.05 $0.00 $135.54 $24,871.19
31 $24,871.19 $763.05 $0.00 $140.63 $25,774.87
32 $25,774.87 $763.05 $0.00 $145.73 $26,683.65
33 $26,683.65 $763.05 $0.00 $150.87 $27,597.57
34 $27,597.57 $763.05 $0.00 $156.04 $28,516.66
35 $28,516.66 $763.05 $0.00 $161.24 $29,440.95
36 $29,440.95 $763.05 $0.00 $166.46 $30,370.46
37 $30,370.46 $763.05 $0.00 $171.72 $31,305.23
38 $31,305.23 $763.05 $0.00 $177.00 $32,245.28
39 $32,245.28 $763.05 $0.00 $182.32 $33,190.65
40 $33,190.65 $763.05 $0.00 $187.66 $34,141.36
41 $34,141.36 $763.05 $0.00 $193.04 $35,097.45
42 $35,097.45 $763.05 $0.00 $198.45 $36,058.95
43 $36,058.95 $763.05 $0.00 $203.88 $37,025.88
44 $37,025.88 $763.05 $0.00 $209.35 $37,998.28
45 $37,998.28 $763.05 $0.00 $214.85 $38,976.18
46 $38,976.18 $763.05 $0.00 $220.38 $39,959.61
47 $39,959.61 $763.05 $0.00 $225.94 $40,948.60
48 $40,948.60 $763.05 $0.00 $231.53 $41,943.18
49 $41,943.18 $763.05 $0.00 $237.15 $42,943.38
50 $42,943.38 $763.05 $0.00 $242.81 $43,949.24
51 $43,949.24 $763.05 $0.00 $248.50 $44,960.79
52 $44,960.79 $763.05 $0.00 $254.21 $45,978.05
53 $45,978.05 $763.05 $0.00 $259.97 $47,001.07
54 $47,001.07 $763.05 $0.00 $265.75 $48,029.87
55 $48,029.87 $763.05 $0.00 $271.57 $49,064.49
56 $49,064.49 $763.05 $0.00 $277.42 $50,104.96
57 $50,104.96 $763.05 $0.00 $283.30 $51,151.31
58 $51,151.31 $763.05 $0.00 $289.22 $52,203.58
59 $52,203.58 $763.05 $0.00 $295.17 $53,261.80
60 $53,261.80 $763.05 $0.00 $301.15 $54,326.00
61 $54,326.00 $763.05 $0.00 $307.17 $55,396.22
62 $55,396.22 $763.05 $0.00 $313.22 $56,472.49
63 $56,472.49 $763.05 $0.00 $319.30 $57,554.84
64 $57,554.84 $763.05 $0.00 $325.42 $58,643.31
65 $58,643.31 $763.05 $0.00 $331.58 $59,737.94
66 $59,737.94 $763.05 $0.00 $337.77 $60,838.76
67 $60,838.76 $763.05 $0.00 $343.99 $61,945.80
68 $61,945.80 $763.05 $0.00 $350.25 $63,059.10
69 $63,059.10 $763.05 $0.00 $356.55 $64,178.70
70 $64,178.70 $763.05 $0.00 $362.88 $65,304.63
71 $65,304.63 $763.05 $0.00 $369.24 $66,436.92
72 $66,436.92 $763.05 $0.00 $375.64 $67,575.61
73 $67,575.61 $763.05 $0.00 $382.08 $68,720.74
74 $68,720.74 $763.05 $0.00 $388.56 $69,872.35
75 $69,872.35 $763.05 $0.00 $395.07 $71,030.47
76 $71,030.47 $763.05 $0.00 $401.62 $72,195.14
77 $72,195.14 $763.05 $0.00 $408.20 $73,366.39
78 $73,366.39 $763.05 $0.00 $414.82 $74,544.26
79 $74,544.26 $763.05 $0.00 $421.48 $75,728.79
80 $75,728.79 $763.05 $0.00 $428.18 $76,920.02
81 $76,920.02 $763.05 $0.00 $434.92 $78,117.99
82 $78,117.99 $763.05 $0.00 $441.69 $79,322.73
83 $79,322.73 $763.05 $0.00 $448.50 $80,534.28
84 $80,534.28 $763.05 $0.00 $455.35 $81,752.68
85 $81,752.68 $763.05 $0.00 $462.24 $82,977.97
86 $82,977.97 $763.05 $0.00 $469.17 $84,210.19
87 $84,210.19 $763.05 $0.00 $476.14 $85,449.38
88 $85,449.38 $763.05 $0.00 $483.14 $86,695.57
89 $86,695.57 $763.05 $0.00 $490.19 $87,948.81
90 $87,948.81 $763.05 $0.00 $497.28 $89,209.14
91 $89,209.14 $763.05 $0.00 $504.40 $90,476.59
92 $90,476.59 $763.05 $0.00 $511.57 $91,751.21
93 $91,751.21 $763.05 $0.00 $518.77 $93,033.03
94 $93,033.03 $763.05 $0.00 $526.02 $94,322.10
95 $94,322.10 $763.05 $0.00 $533.31 $95,618.46
96 $95,618.46 $763.05 $0.00 $540.64 $96,922.15
97 $96,922.15 $763.05 $0.00 $548.01 $98,233.21
98 $98,233.21 $763.05 $0.00 $555.42 $99,551.68
99 $99,551.68 $763.05 $0.00 $562.88 $100,877.61
100 $100,877.61 $763.05 $0.00 $570.38 $102,211.04
101 $102,211.04 $763.05 $0.00 $577.92 $103,552.01
102 $103,552.01 $763.05 $0.00 $585.50 $104,900.56
103 $104,900.56 $763.05 $0.00 $593.12 $106,256.73
104 $106,256.73 $763.05 $0.00 $600.79 $107,620.57
105 $107,620.57 $763.05 $0.00 $608.50 $108,992.12
106 $108,992.12 $763.05 $0.00 $616.26 $110,371.43
107 $110,371.43 $763.05 $0.00 $624.06 $111,758.54
108 $111,758.54 $763.05 $0.00 $631.90 $113,153.49
109 $113,153.49 $763.05 $0.00 $639.79 $114,556.33
110 $114,556.33 $763.05 $0.00 $647.72 $115,967.10
111 $115,967.10 $763.05 $0.00 $655.69 $117,385.84
112 $117,385.84 $763.05 $0.00 $663.72 $118,812.61
113 $118,812.61 $763.05 $0.00 $671.78 $120,247.44
114 $120,247.44 $763.05 $0.00 $679.90 $121,690.39
115 $121,690.39 $763.05 $0.00 $688.06 $123,141.50
116 $123,141.50 $763.05 $0.00 $696.26 $124,600.81
117 $124,600.81 $763.05 $0.00 $704.51 $126,068.37
118 $126,068.37 $763.05 $0.00 $712.81 $127,544.23
119 $127,544.23 $763.05 $0.00 $721.15 $129,028.43
120 $129,028.43 $763.05 $0.00 $729.55 $130,521.03
121 $130,521.03 $763.05 $0.00 $737.98 $132,022.06
122 $132,022.06 $763.05 $0.00 $746.47 $133,531.58
123 $133,531.58 $763.05 $0.00 $755.01 $135,049.64
124 $135,049.64 $763.05 $0.00 $763.59 $136,576.28
125 $136,576.28 $763.05 $0.00 $772.22 $138,111.55
126 $138,111.55 $763.05 $0.00 $780.90 $139,655.50
127 $139,655.50 $763.05 $0.00 $789.63 $141,208.18
128 $141,208.18 $763.05 $0.00 $798.41 $142,769.64
129 $142,769.64 $763.05 $0.00 $807.24 $144,339.93
130 $144,339.93 $763.05 $0.00 $816.12 $145,919.10
131 $145,919.10 $763.05 $0.00 $825.05 $147,507.20
132 $147,507.20 $763.05 $0.00 $834.03 $149,104.28
133 $149,104.28 $763.05 $0.00 $843.06 $150,710.39
134 $150,710.39 $763.05 $0.00 $852.14 $152,325.58
135 $152,325.58 $763.05 $0.00 $861.27 $153,949.90
136 $153,949.90 $763.05 $0.00 $870.46 $155,583.41
137 $155,583.41 $763.05 $0.00 $879.69 $157,226.15
138 $157,226.15 $763.05 $0.00 $888.98 $158,878.18
139 $158,878.18 $763.05 $0.00 $898.32 $160,539.55
140 $160,539.55 $763.05 $0.00 $907.71 $162,210.31
141 $162,210.31 $763.05 $0.00 $917.16 $163,890.52
142 $163,890.52 $763.05 $0.00 $926.66 $165,580.23
143 $165,580.23 $763.05 $0.00 $936.21 $167,279.49
144 $167,279.49 $763.05 $0.00 $945.82 $168,988.36
145 $168,988.36 $763.05 $0.00 $955.48 $170,706.89
146 $170,706.89 $763.05 $0.00 $965.20 $172,435.14
147 $172,435.14 $763.05 $0.00 $974.97 $174,173.16
148 $174,173.16 $763.05 $0.00 $984.80 $175,921.01
149 $175,921.01 $763.05 $0.00 $994.68 $177,678.74
150 $177,678.74 $763.05 $0.00 $1,004.62 $179,446.41
151 $179,446.41 $763.05 $0.00 $1,014.62 $181,224.08
152 $181,224.08 $763.05 $0.00 $1,024.67 $183,011.80
153 $183,011.80 $763.05 $0.00 $1,034.78 $184,809.63
154 $184,809.63 $763.05 $0.00 $1,044.94 $186,617.62
155 $186,617.62 $763.05 $0.00 $1,055.16 $188,435.83
156 $188,435.83 $763.05 $0.00 $1,065.44 $190,264.32
157 $190,264.32 $763.05 $0.00 $1,075.78 $192,103.15
158 $192,103.15 $763.05 $0.00 $1,086.18 $193,952.38
159 $193,952.38 $763.05 $0.00 $1,096.63 $195,812.06
160 $195,812.06 $763.05 $0.00 $1,107.15 $197,682.26
161 $197,682.26 $763.05 $0.00 $1,117.72 $199,563.03
162 $199,563.03 $763.05 $0.00 $1,128.36 $201,454.44
163 $201,454.44 $763.05 $0.00 $1,139.05 $203,356.54
164 $203,356.54 $763.05 $0.00 $1,149.81 $205,269.40
165 $205,269.40 $763.05 $0.00 $1,160.62 $207,193.07
166 $207,193.07 $763.05 $0.00 $1,171.50 $209,127.62
167 $209,127.62 $763.05 $0.00 $1,182.44 $211,073.11
168 $211,073.11 $763.05 $0.00 $1,193.44 $213,029.60
169 $213,029.60 $763.05 $0.00 $1,204.50 $214,997.15
170 $214,997.15 $763.05 $0.00 $1,215.63 $216,975.83
171 $216,975.83 $763.05 $0.00 $1,226.81 $218,965.69
172 $218,965.69 $763.05 $0.00 $1,238.06 $220,966.80
173 $220,966.80 $763.05 $0.00 $1,249.38 $222,979.23
174 $222,979.23 $763.05 $0.00 $1,260.76 $225,003.04
175 $225,003.04 $763.05 $0.00 $1,272.20 $227,038.29
176 $227,038.29 $763.05 $0.00 $1,283.71 $229,085.05
177 $229,085.05 $763.05 $0.00 $1,295.28 $231,143.38
178 $231,143.38 $763.05 $0.00 $1,306.92 $233,213.35
179 $233,213.35 $763.05 $0.00 $1,318.62 $235,295.02
180 $235,295.02 $763.05 $0.00 $1,330.39 $237,388.46
181 $237,388.46 $763.05 $0.00 $1,342.23 $239,493.74
182 $239,493.74 $763.05 $0.00 $1,354.13 $241,610.92
183 $241,610.92 $763.05 $0.00 $1,366.10 $243,740.07
184 $243,740.07 $763.05 $0.00 $1,378.14 $245,881.26
185 $245,881.26 $763.05 $0.00 $1,390.25 $248,034.56
186 $248,034.56 $763.05 $0.00 $1,402.42 $250,200.03
187 $250,200.03 $763.05 $0.00 $1,414.67 $252,377.75
188 $252,377.75 $763.05 $0.00 $1,426.98 $254,567.78
189 $254,567.78 $763.05 $0.00 $1,439.36 $256,770.19
190 $256,770.19 $763.05 $0.00 $1,451.82 $258,985.06
191 $258,985.06 $763.05 $0.00 $1,464.34 $261,212.45
192 $261,212.45 $763.05 $0.00 $1,476.93 $263,452.43
193 $263,452.43 $763.05 $0.00 $1,489.60 $265,705.08
194 $265,705.08 $763.05 $0.00 $1,502.34 $267,970.47
195 $267,970.47 $763.05 $0.00 $1,515.14 $270,248.66
196 $270,248.66 $763.05 $0.00 $1,528.03 $272,539.74
197 $272,539.74 $763.05 $0.00 $1,540.98 $274,843.77
198 $274,843.77 $763.05 $0.00 $1,554.01 $277,160.83
199 $277,160.83 $763.05 $0.00 $1,567.11 $279,490.99
200 $279,490.99 $763.05 $0.00 $1,580.28 $281,834.32
201 $281,834.32 $763.05 $0.00 $1,593.53 $284,190.90
202 $284,190.90 $763.05 $0.00 $1,606.86 $286,560.81
203 $286,560.81 $763.05 $0.00 $1,620.26 $288,944.12
204 $288,944.12 $763.05 $0.00 $1,633.73 $291,340.90
205 $291,340.90 $763.05 $0.00 $1,647.28 $293,751.23
206 $293,751.23 $763.05 $0.00 $1,660.91 $296,175.19
207 $296,175.19 $763.05 $0.00 $1,674.62 $298,612.86
208 $298,612.86 $763.05 $0.00 $1,688.40 $301,064.31
209 $301,064.31 $763.05 $0.00 $1,702.26 $303,529.62
210 $303,529.62 $763.05 $0.00 $1,716.20 $306,008.87
211 $306,008.87 $763.05 $0.00 $1,730.22 $308,502.14
212 $308,502.14 $763.05 $0.00 $1,744.32 $311,009.51
213 $311,009.51 $763.05 $0.00 $1,758.49 $313,531.05
214 $313,531.05 $763.05 $0.00 $1,772.75 $316,066.85
215 $316,066.85 $763.05 $0.00 $1,787.09 $318,616.99
216 $318,616.99 $763.05 $0.00 $1,801.51 $321,181.55
217 $321,181.55 $763.05 $86,982.56 $1,816.01 $236,778.05
218 $236,778.05 $763.05 $0.00 $1,338.78 $238,879.88
219 $238,879.88 $763.05 $0.00 $1,350.66 $240,993.59
220 $240,993.59 $763.05 $0.00 $1,362.61 $243,119.25
221 $243,119.25 $763.05 $0.00 $1,374.63 $245,256.93
222 $245,256.93 $763.05 $0.00 $1,386.72 $247,406.70
223 $247,406.70 $763.05 $0.00 $1,398.87 $249,568.62
224 $249,568.62 $763.05 $0.00 $1,411.10 $251,742.77
225 $251,742.77 $763.05 $0.00 $1,423.39 $253,929.21
226 $253,929.21 $763.05 $0.00 $1,435.75 $256,128.01
227 $256,128.01 $763.05 $0.00 $1,448.19 $258,339.25
228 $258,339.25 $763.05 $0.00 $1,460.69 $260,562.99
229 $260,562.99 $763.05 $93,071.34 $1,473.26 $169,727.96
230 $169,727.96 $763.05 $0.00 $959.67 $171,450.68
231 $171,450.68 $763.05 $0.00 $969.41 $173,183.14
232 $173,183.14 $763.05 $0.00 $979.20 $174,925.39
233 $174,925.39 $763.05 $0.00 $989.05 $176,677.49
234 $176,677.49 $763.05 $0.00 $998.96 $178,439.50
235 $178,439.50 $763.05 $0.00 $1,008.92 $180,211.47
236 $180,211.47 $763.05 $0.00 $1,018.94 $181,993.46
237 $181,993.46 $763.05 $0.00 $1,029.02 $183,785.53
238 $183,785.53 $763.05 $0.00 $1,039.15 $185,587.73
239 $185,587.73 $763.05 $0.00 $1,049.34 $187,400.12
240 $187,400.12 $763.05 $0.00 $1,059.59 $189,222.76
241 $189,222.76 $763.05 $99,586.33 $1,069.89 $91,469.37
242 $91,469.37 $763.05 $0.00 $517.18 $92,749.60
243 $92,749.60 $763.05 $0.00 $524.42 $94,037.07
244 $94,037.07 $763.05 $0.00 $531.70 $95,331.82
245 $95,331.82 $763.05 $0.00 $539.02 $96,633.89
246 $96,633.89 $763.05 $0.00 $546.38 $97,943.32
247 $97,943.32 $763.05 $0.00 $553.79 $99,260.16
248 $99,260.16 $763.05 $0.00 $561.23 $100,584.44
249 $100,584.44 $763.05 $0.00 $568.72 $101,916.21
250 $101,916.21 $763.05 $0.00 $576.25 $103,255.51
251 $103,255.51 $763.05 $0.00 $583.82 $104,602.38
252 $104,602.38 $763.05 $0.00 $591.44 $105,956.87
253 $105,956.87 $0.00 $106,557.37 $599.10 -$1.40