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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$52,276
Monthly savings required$414

How much will it cost to send your child to New Mexico State University Main Campus in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $209,105.87 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $413.80 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$20,159.00
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 $413.80 $0.00 $0.00 $413.80
2 $413.80 $413.80 $0.00 $2.34 $829.94
3 $829.94 $413.80 $0.00 $4.69 $1,248.43
4 $1,248.43 $413.80 $0.00 $7.06 $1,669.29
5 $1,669.29 $413.80 $0.00 $9.44 $2,092.53
6 $2,092.53 $413.80 $0.00 $11.83 $2,518.16
7 $2,518.16 $413.80 $0.00 $14.24 $2,946.20
8 $2,946.20 $413.80 $0.00 $16.66 $3,376.66
9 $3,376.66 $413.80 $0.00 $19.09 $3,809.55
10 $3,809.55 $413.80 $0.00 $21.54 $4,244.89
11 $4,244.89 $413.80 $0.00 $24.00 $4,682.69
12 $4,682.69 $413.80 $0.00 $26.48 $5,122.97
13 $5,122.97 $413.80 $0.00 $28.97 $5,565.74
14 $5,565.74 $413.80 $0.00 $31.47 $6,011.01
15 $6,011.01 $413.80 $0.00 $33.99 $6,458.80
16 $6,458.80 $413.80 $0.00 $36.52 $6,909.12
17 $6,909.12 $413.80 $0.00 $39.07 $7,361.99
18 $7,361.99 $413.80 $0.00 $41.63 $7,817.42
19 $7,817.42 $413.80 $0.00 $44.20 $8,275.42
20 $8,275.42 $413.80 $0.00 $46.79 $8,736.01
21 $8,736.01 $413.80 $0.00 $49.39 $9,199.20
22 $9,199.20 $413.80 $0.00 $52.01 $9,665.01
23 $9,665.01 $413.80 $0.00 $54.65 $10,133.46
24 $10,133.46 $413.80 $0.00 $57.30 $10,604.56
25 $10,604.56 $413.80 $0.00 $59.96 $11,078.32
26 $11,078.32 $413.80 $0.00 $62.64 $11,554.76
27 $11,554.76 $413.80 $0.00 $65.33 $12,033.89
28 $12,033.89 $413.80 $0.00 $68.04 $12,515.73
29 $12,515.73 $413.80 $0.00 $70.77 $13,000.30
30 $13,000.30 $413.80 $0.00 $73.51 $13,487.61
31 $13,487.61 $413.80 $0.00 $76.26 $13,977.67
32 $13,977.67 $413.80 $0.00 $79.03 $14,470.50
33 $14,470.50 $413.80 $0.00 $81.82 $14,966.12
34 $14,966.12 $413.80 $0.00 $84.62 $15,464.54
35 $15,464.54 $413.80 $0.00 $87.44 $15,965.78
36 $15,965.78 $413.80 $0.00 $90.27 $16,469.85
37 $16,469.85 $413.80 $0.00 $93.12 $16,976.77
38 $16,976.77 $413.80 $0.00 $95.99 $17,486.56
39 $17,486.56 $413.80 $0.00 $98.87 $17,999.23
40 $17,999.23 $413.80 $0.00 $101.77 $18,514.80
41 $18,514.80 $413.80 $0.00 $104.69 $19,033.29
42 $19,033.29 $413.80 $0.00 $107.62 $19,554.71
43 $19,554.71 $413.80 $0.00 $110.57 $20,079.08
44 $20,079.08 $413.80 $0.00 $113.53 $20,606.41
45 $20,606.41 $413.80 $0.00 $116.51 $21,136.72
46 $21,136.72 $413.80 $0.00 $119.51 $21,670.03
47 $21,670.03 $413.80 $0.00 $122.53 $22,206.36
48 $22,206.36 $413.80 $0.00 $125.56 $22,745.72
49 $22,745.72 $413.80 $0.00 $128.61 $23,288.13
50 $23,288.13 $413.80 $0.00 $131.67 $23,833.60
51 $23,833.60 $413.80 $0.00 $134.76 $24,382.16
52 $24,382.16 $413.80 $0.00 $137.86 $24,933.82
53 $24,933.82 $413.80 $0.00 $140.98 $25,488.60
54 $25,488.60 $413.80 $0.00 $144.12 $26,046.52
55 $26,046.52 $413.80 $0.00 $147.27 $26,607.59
56 $26,607.59 $413.80 $0.00 $150.44 $27,171.83
57 $27,171.83 $413.80 $0.00 $153.63 $27,739.26
58 $27,739.26 $413.80 $0.00 $156.84 $28,309.90
59 $28,309.90 $413.80 $0.00 $160.07 $28,883.77
60 $28,883.77 $413.80 $0.00 $163.31 $29,460.88
61 $29,460.88 $413.80 $0.00 $166.58 $30,041.26
62 $30,041.26 $413.80 $0.00 $169.86 $30,624.92
63 $30,624.92 $413.80 $0.00 $173.16 $31,211.88
64 $31,211.88 $413.80 $0.00 $176.48 $31,802.16
65 $31,802.16 $413.80 $0.00 $179.81 $32,395.77
66 $32,395.77 $413.80 $0.00 $183.17 $32,992.74
67 $32,992.74 $413.80 $0.00 $186.55 $33,593.09
68 $33,593.09 $413.80 $0.00 $189.94 $34,196.83
69 $34,196.83 $413.80 $0.00 $193.35 $34,803.98
70 $34,803.98 $413.80 $0.00 $196.79 $35,414.57
71 $35,414.57 $413.80 $0.00 $200.24 $36,028.61
72 $36,028.61 $413.80 $0.00 $203.71 $36,646.12
73 $36,646.12 $413.80 $0.00 $207.20 $37,267.12
74 $37,267.12 $413.80 $0.00 $210.71 $37,891.63
75 $37,891.63 $413.80 $0.00 $214.24 $38,519.67
76 $38,519.67 $413.80 $0.00 $217.80 $39,151.27
77 $39,151.27 $413.80 $0.00 $221.37 $39,786.44
78 $39,786.44 $413.80 $0.00 $224.96 $40,425.20
79 $40,425.20 $413.80 $0.00 $228.57 $41,067.57
80 $41,067.57 $413.80 $0.00 $232.20 $41,713.57
81 $41,713.57 $413.80 $0.00 $235.85 $42,363.22
82 $42,363.22 $413.80 $0.00 $239.53 $43,016.55
83 $43,016.55 $413.80 $0.00 $243.22 $43,673.57
84 $43,673.57 $413.80 $0.00 $246.94 $44,334.31
85 $44,334.31 $413.80 $0.00 $250.67 $44,998.78
86 $44,998.78 $413.80 $0.00 $254.43 $45,667.01
87 $45,667.01 $413.80 $0.00 $258.21 $46,339.02
88 $46,339.02 $413.80 $0.00 $262.01 $47,014.83
89 $47,014.83 $413.80 $0.00 $265.83 $47,694.46
90 $47,694.46 $413.80 $0.00 $269.67 $48,377.93
91 $48,377.93 $413.80 $0.00 $273.54 $49,065.27
92 $49,065.27 $413.80 $0.00 $277.42 $49,756.49
93 $49,756.49 $413.80 $0.00 $281.33 $50,451.62
94 $50,451.62 $413.80 $0.00 $285.26 $51,150.68
95 $51,150.68 $413.80 $0.00 $289.21 $51,853.69
96 $51,853.69 $413.80 $0.00 $293.19 $52,560.68
97 $52,560.68 $413.80 $0.00 $297.19 $53,271.67
98 $53,271.67 $413.80 $0.00 $301.21 $53,986.68
99 $53,986.68 $413.80 $0.00 $305.25 $54,705.73
100 $54,705.73 $413.80 $0.00 $309.31 $55,428.84
101 $55,428.84 $413.80 $0.00 $313.40 $56,156.04
102 $56,156.04 $413.80 $0.00 $317.51 $56,887.35
103 $56,887.35 $413.80 $0.00 $321.65 $57,622.80
104 $57,622.80 $413.80 $0.00 $325.81 $58,362.41
105 $58,362.41 $413.80 $0.00 $329.99 $59,106.20
106 $59,106.20 $413.80 $0.00 $334.20 $59,854.20
107 $59,854.20 $413.80 $0.00 $338.42 $60,606.42
108 $60,606.42 $413.80 $0.00 $342.68 $61,362.90
109 $61,362.90 $413.80 $0.00 $346.95 $62,123.65
110 $62,123.65 $413.80 $0.00 $351.26 $62,888.71
111 $62,888.71 $413.80 $0.00 $355.58 $63,658.09
112 $63,658.09 $413.80 $0.00 $359.93 $64,431.82
113 $64,431.82 $413.80 $0.00 $364.31 $65,209.93
114 $65,209.93 $413.80 $0.00 $368.71 $65,992.44
115 $65,992.44 $413.80 $0.00 $373.13 $66,779.37
116 $66,779.37 $413.80 $0.00 $377.58 $67,570.75
117 $67,570.75 $413.80 $0.00 $382.05 $68,366.60
118 $68,366.60 $413.80 $0.00 $386.55 $69,166.95
119 $69,166.95 $413.80 $0.00 $391.08 $69,971.83
120 $69,971.83 $413.80 $0.00 $395.63 $70,781.26
121 $70,781.26 $413.80 $0.00 $400.21 $71,595.27
122 $71,595.27 $413.80 $0.00 $404.81 $72,413.88
123 $72,413.88 $413.80 $0.00 $409.44 $73,237.12
124 $73,237.12 $413.80 $0.00 $414.09 $74,065.01
125 $74,065.01 $413.80 $0.00 $418.77 $74,897.58
126 $74,897.58 $413.80 $0.00 $423.48 $75,734.86
127 $75,734.86 $413.80 $0.00 $428.22 $76,576.88
128 $76,576.88 $413.80 $0.00 $432.98 $77,423.66
129 $77,423.66 $413.80 $0.00 $437.76 $78,275.22
130 $78,275.22 $413.80 $0.00 $442.58 $79,131.60
131 $79,131.60 $413.80 $0.00 $447.42 $79,992.82
132 $79,992.82 $413.80 $0.00 $452.29 $80,858.91
133 $80,858.91 $413.80 $0.00 $457.19 $81,729.90
134 $81,729.90 $413.80 $0.00 $462.11 $82,605.81
135 $82,605.81 $413.80 $0.00 $467.07 $83,486.68
136 $83,486.68 $413.80 $0.00 $472.05 $84,372.53
137 $84,372.53 $413.80 $0.00 $477.05 $85,263.38
138 $85,263.38 $413.80 $0.00 $482.09 $86,159.27
139 $86,159.27 $413.80 $0.00 $487.16 $87,060.23
140 $87,060.23 $413.80 $0.00 $492.25 $87,966.28
141 $87,966.28 $413.80 $0.00 $497.37 $88,877.45
142 $88,877.45 $413.80 $0.00 $502.53 $89,793.78
143 $89,793.78 $413.80 $0.00 $507.71 $90,715.29
144 $90,715.29 $413.80 $0.00 $512.92 $91,642.01
145 $91,642.01 $413.80 $0.00 $518.16 $92,573.97
146 $92,573.97 $413.80 $0.00 $523.43 $93,511.20
147 $93,511.20 $413.80 $0.00 $528.73 $94,453.73
148 $94,453.73 $413.80 $0.00 $534.06 $95,401.59
149 $95,401.59 $413.80 $0.00 $539.41 $96,354.80
150 $96,354.80 $413.80 $0.00 $544.80 $97,313.40
151 $97,313.40 $413.80 $0.00 $550.22 $98,277.42
152 $98,277.42 $413.80 $0.00 $555.67 $99,246.89
153 $99,246.89 $413.80 $0.00 $561.16 $100,221.85
154 $100,221.85 $413.80 $0.00 $566.67 $101,202.32
155 $101,202.32 $413.80 $0.00 $572.21 $102,188.33
156 $102,188.33 $413.80 $0.00 $577.79 $103,179.92
157 $103,179.92 $413.80 $0.00 $583.39 $104,177.11
158 $104,177.11 $413.80 $0.00 $589.03 $105,179.94
159 $105,179.94 $413.80 $0.00 $594.70 $106,188.44
160 $106,188.44 $413.80 $0.00 $600.40 $107,202.64
161 $107,202.64 $413.80 $0.00 $606.14 $108,222.58
162 $108,222.58 $413.80 $0.00 $611.91 $109,248.29
163 $109,248.29 $413.80 $0.00 $617.71 $110,279.80
164 $110,279.80 $413.80 $0.00 $623.54 $111,317.14
165 $111,317.14 $413.80 $0.00 $629.40 $112,360.34
166 $112,360.34 $413.80 $0.00 $635.30 $113,409.44
167 $113,409.44 $413.80 $0.00 $641.23 $114,464.47
168 $114,464.47 $413.80 $0.00 $647.20 $115,525.47
169 $115,525.47 $413.80 $0.00 $653.20 $116,592.47
170 $116,592.47 $413.80 $0.00 $659.23 $117,665.50
171 $117,665.50 $413.80 $0.00 $665.30 $118,744.60
172 $118,744.60 $413.80 $0.00 $671.40 $119,829.80
173 $119,829.80 $413.80 $0.00 $677.54 $120,921.14
174 $120,921.14 $413.80 $0.00 $683.71 $122,018.65
175 $122,018.65 $413.80 $0.00 $689.91 $123,122.36
176 $123,122.36 $413.80 $0.00 $696.15 $124,232.31
177 $124,232.31 $413.80 $0.00 $702.43 $125,348.54
178 $125,348.54 $413.80 $0.00 $708.74 $126,471.08
179 $126,471.08 $413.80 $0.00 $715.09 $127,599.97
180 $127,599.97 $413.80 $0.00 $721.47 $128,735.24
181 $128,735.24 $413.80 $0.00 $727.89 $129,876.93
182 $129,876.93 $413.80 $0.00 $734.34 $131,025.07
183 $131,025.07 $413.80 $0.00 $740.83 $132,179.70
184 $132,179.70 $413.80 $0.00 $747.36 $133,340.86
185 $133,340.86 $413.80 $0.00 $753.93 $134,508.59
186 $134,508.59 $413.80 $0.00 $760.53 $135,682.92
187 $135,682.92 $413.80 $0.00 $767.17 $136,863.89
188 $136,863.89 $413.80 $0.00 $773.85 $138,051.54
189 $138,051.54 $413.80 $0.00 $780.56 $139,245.90
190 $139,245.90 $413.80 $0.00 $787.32 $140,447.02
191 $140,447.02 $413.80 $0.00 $794.11 $141,654.93
192 $141,654.93 $413.80 $0.00 $800.94 $142,869.67
193 $142,869.67 $413.80 $0.00 $807.81 $144,091.28
194 $144,091.28 $413.80 $0.00 $814.71 $145,319.79
195 $145,319.79 $413.80 $0.00 $821.66 $146,555.25
196 $146,555.25 $413.80 $0.00 $828.64 $147,797.69
197 $147,797.69 $413.80 $0.00 $835.67 $149,047.16
198 $149,047.16 $413.80 $0.00 $842.73 $150,303.69
199 $150,303.69 $413.80 $0.00 $849.84 $151,567.33
200 $151,567.33 $413.80 $0.00 $856.98 $152,838.11
201 $152,838.11 $413.80 $0.00 $864.17 $154,116.08
202 $154,116.08 $413.80 $0.00 $871.39 $155,401.27
203 $155,401.27 $413.80 $0.00 $878.66 $156,693.73
204 $156,693.73 $413.80 $0.00 $885.97 $157,993.50
205 $157,993.50 $413.80 $0.00 $893.32 $159,300.62
206 $159,300.62 $413.80 $0.00 $900.71 $160,615.13
207 $160,615.13 $413.80 $0.00 $908.14 $161,937.07
208 $161,937.07 $413.80 $0.00 $915.62 $163,266.49
209 $163,266.49 $413.80 $0.00 $923.13 $164,603.42
210 $164,603.42 $413.80 $0.00 $930.69 $165,947.91
211 $165,947.91 $413.80 $0.00 $938.29 $167,300.00
212 $167,300.00 $413.80 $0.00 $945.94 $168,659.74
213 $168,659.74 $413.80 $0.00 $953.63 $170,027.17
214 $170,027.17 $413.80 $0.00 $961.36 $171,402.33
215 $171,402.33 $413.80 $0.00 $969.13 $172,785.26
216 $172,785.26 $413.80 $0.00 $976.95 $174,176.01
217 $174,176.01 $413.80 $48,515.04 $984.82 $127,059.59
218 $127,059.59 $413.80 $0.00 $718.41 $128,191.80
219 $128,191.80 $413.80 $0.00 $724.82 $129,330.42
220 $129,330.42 $413.80 $0.00 $731.25 $130,475.47
221 $130,475.47 $413.80 $0.00 $737.73 $131,627.00
222 $131,627.00 $413.80 $0.00 $744.24 $132,785.04
223 $132,785.04 $413.80 $0.00 $750.79 $133,949.63
224 $133,949.63 $413.80 $0.00 $757.37 $135,120.80
225 $135,120.80 $413.80 $0.00 $763.99 $136,298.59
226 $136,298.59 $413.80 $0.00 $770.65 $137,483.04
227 $137,483.04 $413.80 $0.00 $777.35 $138,674.19
228 $138,674.19 $413.80 $0.00 $784.08 $139,872.07
229 $139,872.07 $413.80 $50,940.79 $790.86 $90,135.94
230 $90,135.94 $413.80 $0.00 $509.64 $91,059.38
231 $91,059.38 $413.80 $0.00 $514.86 $91,988.04
232 $91,988.04 $413.80 $0.00 $520.11 $92,921.95
233 $92,921.95 $413.80 $0.00 $525.39 $93,861.14
234 $93,861.14 $413.80 $0.00 $530.70 $94,805.64
235 $94,805.64 $413.80 $0.00 $536.04 $95,755.48
236 $95,755.48 $413.80 $0.00 $541.42 $96,710.70
237 $96,710.70 $413.80 $0.00 $546.82 $97,671.32
238 $97,671.32 $413.80 $0.00 $552.25 $98,637.37
239 $98,637.37 $413.80 $0.00 $557.71 $99,608.88
240 $99,608.88 $413.80 $0.00 $563.20 $100,585.88
241 $100,585.88 $413.80 $53,487.83 $568.73 $48,080.58
242 $48,080.58 $413.80 $0.00 $271.85 $48,766.23
243 $48,766.23 $413.80 $0.00 $275.73 $49,455.76
244 $49,455.76 $413.80 $0.00 $279.63 $50,149.19
245 $50,149.19 $413.80 $0.00 $283.55 $50,846.54
246 $50,846.54 $413.80 $0.00 $287.49 $51,547.83
247 $51,547.83 $413.80 $0.00 $291.46 $52,253.09
248 $52,253.09 $413.80 $0.00 $295.45 $52,962.34
249 $52,962.34 $413.80 $0.00 $299.46 $53,675.60
250 $53,675.60 $413.80 $0.00 $303.49 $54,392.89
251 $54,392.89 $413.80 $0.00 $307.55 $55,114.24
252 $55,114.24 $413.80 $0.00 $311.62 $55,839.66
253 $55,839.66 $0.00 $56,162.22 $315.73 ($6.83)