Savings Plan and Future Cost Estimation for Truman 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$90,903
Monthly savings required$718

How much will it cost to send your child to Truman State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $363,612.50 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $718.42 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$24,230.00
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 $718.42 $0.00 $0.00 $718.42
2 $718.42 $718.42 $0.00 $4.06 $1,440.90
3 $1,440.90 $718.42 $0.00 $8.15 $2,167.47
4 $2,167.47 $718.42 $0.00 $12.26 $2,898.15
5 $2,898.15 $718.42 $0.00 $16.39 $3,632.96
6 $3,632.96 $718.42 $0.00 $20.54 $4,371.92
7 $4,371.92 $718.42 $0.00 $24.72 $5,115.06
8 $5,115.06 $718.42 $0.00 $28.92 $5,862.40
9 $5,862.40 $718.42 $0.00 $33.15 $6,613.97
10 $6,613.97 $718.42 $0.00 $37.40 $7,369.79
11 $7,369.79 $718.42 $0.00 $41.67 $8,129.88
12 $8,129.88 $718.42 $0.00 $45.97 $8,894.27
13 $8,894.27 $718.42 $0.00 $50.29 $9,662.98
14 $9,662.98 $718.42 $0.00 $54.64 $10,436.04
15 $10,436.04 $718.42 $0.00 $59.01 $11,213.47
16 $11,213.47 $718.42 $0.00 $63.40 $11,995.29
17 $11,995.29 $718.42 $0.00 $67.82 $12,781.53
18 $12,781.53 $718.42 $0.00 $72.27 $13,572.22
19 $13,572.22 $718.42 $0.00 $76.74 $14,367.38
20 $14,367.38 $718.42 $0.00 $81.24 $15,167.04
21 $15,167.04 $718.42 $0.00 $85.76 $15,971.22
22 $15,971.22 $718.42 $0.00 $90.30 $16,779.94
23 $16,779.94 $718.42 $0.00 $94.88 $17,593.24
24 $17,593.24 $718.42 $0.00 $99.47 $18,411.13
25 $18,411.13 $718.42 $0.00 $104.10 $19,233.65
26 $19,233.65 $718.42 $0.00 $108.75 $20,060.82
27 $20,060.82 $718.42 $0.00 $113.43 $20,892.67
28 $20,892.67 $718.42 $0.00 $118.13 $21,729.22
29 $21,729.22 $718.42 $0.00 $122.86 $22,570.50
30 $22,570.50 $718.42 $0.00 $127.62 $23,416.54
31 $23,416.54 $718.42 $0.00 $132.40 $24,267.36
32 $24,267.36 $718.42 $0.00 $137.21 $25,122.99
33 $25,122.99 $718.42 $0.00 $142.05 $25,983.46
34 $25,983.46 $718.42 $0.00 $146.91 $26,848.79
35 $26,848.79 $718.42 $0.00 $151.81 $27,719.02
36 $27,719.02 $718.42 $0.00 $156.73 $28,594.17
37 $28,594.17 $718.42 $0.00 $161.68 $29,474.27
38 $29,474.27 $718.42 $0.00 $166.65 $30,359.34
39 $30,359.34 $718.42 $0.00 $171.66 $31,249.42
40 $31,249.42 $718.42 $0.00 $176.69 $32,144.53
41 $32,144.53 $718.42 $0.00 $181.75 $33,044.70
42 $33,044.70 $718.42 $0.00 $186.84 $33,949.96
43 $33,949.96 $718.42 $0.00 $191.96 $34,860.34
44 $34,860.34 $718.42 $0.00 $197.11 $35,775.87
45 $35,775.87 $718.42 $0.00 $202.28 $36,696.57
46 $36,696.57 $718.42 $0.00 $207.49 $37,622.48
47 $37,622.48 $718.42 $0.00 $212.72 $38,553.62
48 $38,553.62 $718.42 $0.00 $217.99 $39,490.03
49 $39,490.03 $718.42 $0.00 $223.28 $40,431.73
50 $40,431.73 $718.42 $0.00 $228.61 $41,378.76
51 $41,378.76 $718.42 $0.00 $233.96 $42,331.14
52 $42,331.14 $718.42 $0.00 $239.35 $43,288.91
53 $43,288.91 $718.42 $0.00 $244.76 $44,252.09
54 $44,252.09 $718.42 $0.00 $250.21 $45,220.72
55 $45,220.72 $718.42 $0.00 $255.68 $46,194.82
56 $46,194.82 $718.42 $0.00 $261.19 $47,174.43
57 $47,174.43 $718.42 $0.00 $266.73 $48,159.58
58 $48,159.58 $718.42 $0.00 $272.30 $49,150.30
59 $49,150.30 $718.42 $0.00 $277.90 $50,146.62
60 $50,146.62 $718.42 $0.00 $283.54 $51,148.58
61 $51,148.58 $718.42 $0.00 $289.20 $52,156.20
62 $52,156.20 $718.42 $0.00 $294.90 $53,169.52
63 $53,169.52 $718.42 $0.00 $300.63 $54,188.57
64 $54,188.57 $718.42 $0.00 $306.39 $55,213.38
65 $55,213.38 $718.42 $0.00 $312.18 $56,243.98
66 $56,243.98 $718.42 $0.00 $318.01 $57,280.41
67 $57,280.41 $718.42 $0.00 $323.87 $58,322.70
68 $58,322.70 $718.42 $0.00 $329.77 $59,370.89
69 $59,370.89 $718.42 $0.00 $335.69 $60,425.00
70 $60,425.00 $718.42 $0.00 $341.65 $61,485.07
71 $61,485.07 $718.42 $0.00 $347.65 $62,551.14
72 $62,551.14 $718.42 $0.00 $353.67 $63,623.23
73 $63,623.23 $718.42 $0.00 $359.73 $64,701.38
74 $64,701.38 $718.42 $0.00 $365.83 $65,785.63
75 $65,785.63 $718.42 $0.00 $371.96 $66,876.01
76 $66,876.01 $718.42 $0.00 $378.13 $67,972.56
77 $67,972.56 $718.42 $0.00 $384.33 $69,075.31
78 $69,075.31 $718.42 $0.00 $390.56 $70,184.29
79 $70,184.29 $718.42 $0.00 $396.83 $71,299.54
80 $71,299.54 $718.42 $0.00 $403.14 $72,421.10
81 $72,421.10 $718.42 $0.00 $409.48 $73,549.00
82 $73,549.00 $718.42 $0.00 $415.86 $74,683.28
83 $74,683.28 $718.42 $0.00 $422.27 $75,823.97
84 $75,823.97 $718.42 $0.00 $428.72 $76,971.11
85 $76,971.11 $718.42 $0.00 $435.21 $78,124.74
86 $78,124.74 $718.42 $0.00 $441.73 $79,284.89
87 $79,284.89 $718.42 $0.00 $448.29 $80,451.60
88 $80,451.60 $718.42 $0.00 $454.89 $81,624.91
89 $81,624.91 $718.42 $0.00 $461.52 $82,804.85
90 $82,804.85 $718.42 $0.00 $468.19 $83,991.46
91 $83,991.46 $718.42 $0.00 $474.90 $85,184.78
92 $85,184.78 $718.42 $0.00 $481.65 $86,384.85
93 $86,384.85 $718.42 $0.00 $488.43 $87,591.70
94 $87,591.70 $718.42 $0.00 $495.26 $88,805.38
95 $88,805.38 $718.42 $0.00 $502.12 $90,025.92
96 $90,025.92 $718.42 $0.00 $509.02 $91,253.36
97 $91,253.36 $718.42 $0.00 $515.96 $92,487.74
98 $92,487.74 $718.42 $0.00 $522.94 $93,729.10
99 $93,729.10 $718.42 $0.00 $529.96 $94,977.48
100 $94,977.48 $718.42 $0.00 $537.02 $96,232.92
101 $96,232.92 $718.42 $0.00 $544.11 $97,495.45
102 $97,495.45 $718.42 $0.00 $551.25 $98,765.12
103 $98,765.12 $718.42 $0.00 $558.43 $100,041.97
104 $100,041.97 $718.42 $0.00 $565.65 $101,326.04
105 $101,326.04 $718.42 $0.00 $572.91 $102,617.37
106 $102,617.37 $718.42 $0.00 $580.21 $103,916.00
107 $103,916.00 $718.42 $0.00 $587.56 $105,221.98
108 $105,221.98 $718.42 $0.00 $594.94 $106,535.34
109 $106,535.34 $718.42 $0.00 $602.37 $107,856.13
110 $107,856.13 $718.42 $0.00 $609.83 $109,184.38
111 $109,184.38 $718.42 $0.00 $617.34 $110,520.14
112 $110,520.14 $718.42 $0.00 $624.90 $111,863.46
113 $111,863.46 $718.42 $0.00 $632.49 $113,214.37
114 $113,214.37 $718.42 $0.00 $640.13 $114,572.92
115 $114,572.92 $718.42 $0.00 $647.81 $115,939.15
116 $115,939.15 $718.42 $0.00 $655.54 $117,313.11
117 $117,313.11 $718.42 $0.00 $663.31 $118,694.84
118 $118,694.84 $718.42 $0.00 $671.12 $120,084.38
119 $120,084.38 $718.42 $0.00 $678.97 $121,481.77
120 $121,481.77 $718.42 $0.00 $686.88 $122,887.07
121 $122,887.07 $718.42 $0.00 $694.82 $124,300.31
122 $124,300.31 $718.42 $0.00 $702.81 $125,721.54
123 $125,721.54 $718.42 $0.00 $710.85 $127,150.81
124 $127,150.81 $718.42 $0.00 $718.93 $128,588.16
125 $128,588.16 $718.42 $0.00 $727.06 $130,033.64
126 $130,033.64 $718.42 $0.00 $735.23 $131,487.29
127 $131,487.29 $718.42 $0.00 $743.45 $132,949.16
128 $132,949.16 $718.42 $0.00 $751.71 $134,419.29
129 $134,419.29 $718.42 $0.00 $760.03 $135,897.74
130 $135,897.74 $718.42 $0.00 $768.39 $137,384.55
131 $137,384.55 $718.42 $0.00 $776.79 $138,879.76
132 $138,879.76 $718.42 $0.00 $785.25 $140,383.43
133 $140,383.43 $718.42 $0.00 $793.75 $141,895.60
134 $141,895.60 $718.42 $0.00 $802.30 $143,416.32
135 $143,416.32 $718.42 $0.00 $810.90 $144,945.64
136 $144,945.64 $718.42 $0.00 $819.54 $146,483.60
137 $146,483.60 $718.42 $0.00 $828.24 $148,030.26
138 $148,030.26 $718.42 $0.00 $836.98 $149,585.66
139 $149,585.66 $718.42 $0.00 $845.78 $151,149.86
140 $151,149.86 $718.42 $0.00 $854.62 $152,722.90
141 $152,722.90 $718.42 $0.00 $863.52 $154,304.84
142 $154,304.84 $718.42 $0.00 $872.46 $155,895.72
143 $155,895.72 $718.42 $0.00 $881.46 $157,495.60
144 $157,495.60 $718.42 $0.00 $890.50 $159,104.52
145 $159,104.52 $718.42 $0.00 $899.60 $160,722.54
146 $160,722.54 $718.42 $0.00 $908.75 $162,349.71
147 $162,349.71 $718.42 $0.00 $917.95 $163,986.08
148 $163,986.08 $718.42 $0.00 $927.20 $165,631.70
149 $165,631.70 $718.42 $0.00 $936.51 $167,286.63
150 $167,286.63 $718.42 $0.00 $945.86 $168,950.91
151 $168,950.91 $718.42 $0.00 $955.27 $170,624.60
152 $170,624.60 $718.42 $0.00 $964.74 $172,307.76
153 $172,307.76 $718.42 $0.00 $974.25 $174,000.43
154 $174,000.43 $718.42 $0.00 $983.82 $175,702.67
155 $175,702.67 $718.42 $0.00 $993.45 $177,414.54
156 $177,414.54 $718.42 $0.00 $1,003.13 $179,136.09
157 $179,136.09 $718.42 $0.00 $1,012.86 $180,867.37
158 $180,867.37 $718.42 $0.00 $1,022.65 $182,608.44
159 $182,608.44 $718.42 $0.00 $1,032.49 $184,359.35
160 $184,359.35 $718.42 $0.00 $1,042.39 $186,120.16
161 $186,120.16 $718.42 $0.00 $1,052.35 $187,890.93
162 $187,890.93 $718.42 $0.00 $1,062.36 $189,671.71
163 $189,671.71 $718.42 $0.00 $1,072.43 $191,462.56
164 $191,462.56 $718.42 $0.00 $1,082.56 $193,263.54
165 $193,263.54 $718.42 $0.00 $1,092.74 $195,074.70
166 $195,074.70 $718.42 $0.00 $1,102.98 $196,896.10
167 $196,896.10 $718.42 $0.00 $1,113.28 $198,727.80
168 $198,727.80 $718.42 $0.00 $1,123.64 $200,569.86
169 $200,569.86 $718.42 $0.00 $1,134.05 $202,422.33
170 $202,422.33 $718.42 $0.00 $1,144.53 $204,285.28
171 $204,285.28 $718.42 $0.00 $1,155.06 $206,158.76
172 $206,158.76 $718.42 $0.00 $1,165.65 $208,042.83
173 $208,042.83 $718.42 $0.00 $1,176.30 $209,937.55
174 $209,937.55 $718.42 $0.00 $1,187.02 $211,842.99
175 $211,842.99 $718.42 $0.00 $1,197.79 $213,759.20
176 $213,759.20 $718.42 $0.00 $1,208.63 $215,686.25
177 $215,686.25 $718.42 $0.00 $1,219.52 $217,624.19
178 $217,624.19 $718.42 $0.00 $1,230.48 $219,573.09
179 $219,573.09 $718.42 $0.00 $1,241.50 $221,533.01
180 $221,533.01 $718.42 $0.00 $1,252.58 $223,504.01
181 $223,504.01 $718.42 $0.00 $1,263.72 $225,486.15
182 $225,486.15 $718.42 $0.00 $1,274.93 $227,479.50
183 $227,479.50 $718.42 $0.00 $1,286.20 $229,484.12
184 $229,484.12 $718.42 $0.00 $1,297.54 $231,500.08
185 $231,500.08 $718.42 $0.00 $1,308.94 $233,527.44
186 $233,527.44 $718.42 $0.00 $1,320.40 $235,566.26
187 $235,566.26 $718.42 $0.00 $1,331.93 $237,616.61
188 $237,616.61 $718.42 $0.00 $1,343.52 $239,678.55
189 $239,678.55 $718.42 $0.00 $1,355.18 $241,752.15
190 $241,752.15 $718.42 $0.00 $1,366.90 $243,837.47
191 $243,837.47 $718.42 $0.00 $1,378.69 $245,934.58
192 $245,934.58 $718.42 $0.00 $1,390.55 $248,043.55
193 $248,043.55 $718.42 $0.00 $1,402.47 $250,164.44
194 $250,164.44 $718.42 $0.00 $1,414.47 $252,297.33
195 $252,297.33 $718.42 $0.00 $1,426.53 $254,442.28
196 $254,442.28 $718.42 $0.00 $1,438.65 $256,599.35
197 $256,599.35 $718.42 $0.00 $1,450.85 $258,768.62
198 $258,768.62 $718.42 $0.00 $1,463.12 $260,950.16
199 $260,950.16 $718.42 $0.00 $1,475.45 $263,144.03
200 $263,144.03 $718.42 $0.00 $1,487.85 $265,350.30
201 $265,350.30 $718.42 $0.00 $1,500.33 $267,569.05
202 $267,569.05 $718.42 $0.00 $1,512.87 $269,800.34
203 $269,800.34 $718.42 $0.00 $1,525.49 $272,044.25
204 $272,044.25 $718.42 $0.00 $1,538.18 $274,300.85
205 $274,300.85 $718.42 $0.00 $1,550.94 $276,570.21
206 $276,570.21 $718.42 $0.00 $1,563.77 $278,852.40
207 $278,852.40 $718.42 $0.00 $1,576.67 $281,147.49
208 $281,147.49 $718.42 $0.00 $1,589.65 $283,455.56
209 $283,455.56 $718.42 $0.00 $1,602.70 $285,776.68
210 $285,776.68 $718.42 $0.00 $1,615.82 $288,110.92
211 $288,110.92 $718.42 $0.00 $1,629.02 $290,458.36
212 $290,458.36 $718.42 $0.00 $1,642.29 $292,819.07
213 $292,819.07 $718.42 $0.00 $1,655.64 $295,193.13
214 $295,193.13 $718.42 $0.00 $1,669.06 $297,580.61
215 $297,580.61 $718.42 $0.00 $1,682.56 $299,981.59
216 $299,981.59 $718.42 $0.00 $1,696.14 $302,396.15
217 $302,396.15 $718.42 $81,895.76 $1,709.79 $222,928.60
218 $222,928.60 $718.42 $0.00 $1,260.47 $224,907.49
219 $224,907.49 $718.42 $0.00 $1,271.66 $226,897.57
220 $226,897.57 $718.42 $0.00 $1,282.91 $228,898.90
221 $228,898.90 $718.42 $0.00 $1,294.23 $230,911.55
222 $230,911.55 $718.42 $0.00 $1,305.61 $232,935.58
223 $232,935.58 $718.42 $0.00 $1,317.05 $234,971.05
224 $234,971.05 $718.42 $0.00 $1,328.56 $237,018.03
225 $237,018.03 $718.42 $0.00 $1,340.13 $239,076.58
226 $239,076.58 $718.42 $0.00 $1,351.77 $241,146.77
227 $241,146.77 $718.42 $0.00 $1,363.48 $243,228.67
228 $243,228.67 $718.42 $0.00 $1,375.25 $245,322.34
229 $245,322.34 $718.42 $87,628.46 $1,387.09 $159,799.39
230 $159,799.39 $718.42 $0.00 $903.53 $161,421.34
231 $161,421.34 $718.42 $0.00 $912.70 $163,052.46
232 $163,052.46 $718.42 $0.00 $921.92 $164,692.80
233 $164,692.80 $718.42 $0.00 $931.20 $166,342.42
234 $166,342.42 $718.42 $0.00 $940.52 $168,001.36
235 $168,001.36 $718.42 $0.00 $949.90 $169,669.68
236 $169,669.68 $718.42 $0.00 $959.34 $171,347.44
237 $171,347.44 $718.42 $0.00 $968.82 $173,034.68
238 $173,034.68 $718.42 $0.00 $978.36 $174,731.46
239 $174,731.46 $718.42 $0.00 $987.96 $176,437.84
240 $176,437.84 $718.42 $0.00 $997.61 $178,153.87
241 $178,153.87 $718.42 $93,762.45 $1,007.31 $86,117.15
242 $86,117.15 $718.42 $0.00 $486.92 $87,322.49
243 $87,322.49 $718.42 $0.00 $493.73 $88,534.64
244 $88,534.64 $718.42 $0.00 $500.59 $89,753.65
245 $89,753.65 $718.42 $0.00 $507.48 $90,979.55
246 $90,979.55 $718.42 $0.00 $514.41 $92,212.38
247 $92,212.38 $718.42 $0.00 $521.38 $93,452.18
248 $93,452.18 $718.42 $0.00 $528.39 $94,698.99
249 $94,698.99 $718.42 $0.00 $535.44 $95,952.85
250 $95,952.85 $718.42 $0.00 $542.53 $97,213.80
251 $97,213.80 $718.42 $0.00 $549.66 $98,481.88
252 $98,481.88 $718.42 $0.00 $556.83 $99,757.13
253 $99,757.13 $0.00 $100,325.83 $564.04 -$4.66