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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$57,429
Monthly savings required$455

How much will it cost to send your child to University of New Mexico Main Campus in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $229,716.69 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $454.59 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$22,146.00
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 $454.59 $0.00 $0.00 $454.59
2 $454.59 $454.59 $0.00 $2.57 $911.75
3 $911.75 $454.59 $0.00 $5.16 $1,371.50
4 $1,371.50 $454.59 $0.00 $7.75 $1,833.84
5 $1,833.84 $454.59 $0.00 $10.37 $2,298.80
6 $2,298.80 $454.59 $0.00 $13.00 $2,766.39
7 $2,766.39 $454.59 $0.00 $15.64 $3,236.62
8 $3,236.62 $454.59 $0.00 $18.30 $3,709.51
9 $3,709.51 $454.59 $0.00 $20.97 $4,185.07
10 $4,185.07 $454.59 $0.00 $23.66 $4,663.32
11 $4,663.32 $454.59 $0.00 $26.37 $5,144.28
12 $5,144.28 $454.59 $0.00 $29.09 $5,627.96
13 $5,627.96 $454.59 $0.00 $31.82 $6,114.37
14 $6,114.37 $454.59 $0.00 $34.57 $6,603.53
15 $6,603.53 $454.59 $0.00 $37.34 $7,095.46
16 $7,095.46 $454.59 $0.00 $40.12 $7,590.17
17 $7,590.17 $454.59 $0.00 $42.92 $8,087.68
18 $8,087.68 $454.59 $0.00 $45.73 $8,588.00
19 $8,588.00 $454.59 $0.00 $48.56 $9,091.15
20 $9,091.15 $454.59 $0.00 $51.40 $9,597.14
21 $9,597.14 $454.59 $0.00 $54.26 $10,105.99
22 $10,105.99 $454.59 $0.00 $57.14 $10,617.72
23 $10,617.72 $454.59 $0.00 $60.03 $11,132.34
24 $11,132.34 $454.59 $0.00 $62.94 $11,649.87
25 $11,649.87 $454.59 $0.00 $65.87 $12,170.33
26 $12,170.33 $454.59 $0.00 $68.81 $12,693.73
27 $12,693.73 $454.59 $0.00 $71.77 $13,220.09
28 $13,220.09 $454.59 $0.00 $74.75 $13,749.43
29 $13,749.43 $454.59 $0.00 $77.74 $14,281.76
30 $14,281.76 $454.59 $0.00 $80.75 $14,817.10
31 $14,817.10 $454.59 $0.00 $83.78 $15,355.47
32 $15,355.47 $454.59 $0.00 $86.82 $15,896.88
33 $15,896.88 $454.59 $0.00 $89.88 $16,441.35
34 $16,441.35 $454.59 $0.00 $92.96 $16,988.90
35 $16,988.90 $454.59 $0.00 $96.06 $17,539.55
36 $17,539.55 $454.59 $0.00 $99.17 $18,093.31
37 $18,093.31 $454.59 $0.00 $102.30 $18,650.20
38 $18,650.20 $454.59 $0.00 $105.45 $19,210.24
39 $19,210.24 $454.59 $0.00 $108.62 $19,773.45
40 $19,773.45 $454.59 $0.00 $111.80 $20,339.84
41 $20,339.84 $454.59 $0.00 $115.00 $20,909.43
42 $20,909.43 $454.59 $0.00 $118.22 $21,482.24
43 $21,482.24 $454.59 $0.00 $121.46 $22,058.29
44 $22,058.29 $454.59 $0.00 $124.72 $22,637.60
45 $22,637.60 $454.59 $0.00 $128.00 $23,220.19
46 $23,220.19 $454.59 $0.00 $131.29 $23,806.07
47 $23,806.07 $454.59 $0.00 $134.60 $24,395.26
48 $24,395.26 $454.59 $0.00 $137.93 $24,987.78
49 $24,987.78 $454.59 $0.00 $141.28 $25,583.65
50 $25,583.65 $454.59 $0.00 $144.65 $26,182.89
51 $26,182.89 $454.59 $0.00 $148.04 $26,785.52
52 $26,785.52 $454.59 $0.00 $151.45 $27,391.56
53 $27,391.56 $454.59 $0.00 $154.88 $28,001.03
54 $28,001.03 $454.59 $0.00 $158.32 $28,613.94
55 $28,613.94 $454.59 $0.00 $161.79 $29,230.32
56 $29,230.32 $454.59 $0.00 $165.27 $29,850.18
57 $29,850.18 $454.59 $0.00 $168.78 $30,473.55
58 $30,473.55 $454.59 $0.00 $172.30 $31,100.44
59 $31,100.44 $454.59 $0.00 $175.85 $31,730.88
60 $31,730.88 $454.59 $0.00 $179.41 $32,364.88
61 $32,364.88 $454.59 $0.00 $183.00 $33,002.47
62 $33,002.47 $454.59 $0.00 $186.60 $33,643.66
63 $33,643.66 $454.59 $0.00 $190.23 $34,288.48
64 $34,288.48 $454.59 $0.00 $193.87 $34,936.94
65 $34,936.94 $454.59 $0.00 $197.54 $35,589.07
66 $35,589.07 $454.59 $0.00 $201.23 $36,244.89
67 $36,244.89 $454.59 $0.00 $204.93 $36,904.41
68 $36,904.41 $454.59 $0.00 $208.66 $37,567.66
69 $37,567.66 $454.59 $0.00 $212.41 $38,234.66
70 $38,234.66 $454.59 $0.00 $216.18 $38,905.43
71 $38,905.43 $454.59 $0.00 $219.98 $39,580.00
72 $39,580.00 $454.59 $0.00 $223.79 $40,258.38
73 $40,258.38 $454.59 $0.00 $227.63 $40,940.60
74 $40,940.60 $454.59 $0.00 $231.48 $41,626.67
75 $41,626.67 $454.59 $0.00 $235.36 $42,316.62
76 $42,316.62 $454.59 $0.00 $239.26 $43,010.47
77 $43,010.47 $454.59 $0.00 $243.19 $43,708.25
78 $43,708.25 $454.59 $0.00 $247.13 $44,409.97
79 $44,409.97 $454.59 $0.00 $251.10 $45,115.66
80 $45,115.66 $454.59 $0.00 $255.09 $45,825.34
81 $45,825.34 $454.59 $0.00 $259.10 $46,539.03
82 $46,539.03 $454.59 $0.00 $263.14 $47,256.76
83 $47,256.76 $454.59 $0.00 $267.20 $47,978.55
84 $47,978.55 $454.59 $0.00 $271.28 $48,704.42
85 $48,704.42 $454.59 $0.00 $275.38 $49,434.39
86 $49,434.39 $454.59 $0.00 $279.51 $50,168.49
87 $50,168.49 $454.59 $0.00 $283.66 $50,906.74
88 $50,906.74 $454.59 $0.00 $287.83 $51,649.16
89 $51,649.16 $454.59 $0.00 $292.03 $52,395.78
90 $52,395.78 $454.59 $0.00 $296.25 $53,146.62
91 $53,146.62 $454.59 $0.00 $300.50 $53,901.71
92 $53,901.71 $454.59 $0.00 $304.77 $54,661.07
93 $54,661.07 $454.59 $0.00 $309.06 $55,424.72
94 $55,424.72 $454.59 $0.00 $313.38 $56,192.69
95 $56,192.69 $454.59 $0.00 $317.72 $56,965.00
96 $56,965.00 $454.59 $0.00 $322.09 $57,741.68
97 $57,741.68 $454.59 $0.00 $326.48 $58,522.75
98 $58,522.75 $454.59 $0.00 $330.90 $59,308.24
99 $59,308.24 $454.59 $0.00 $335.34 $60,098.17
100 $60,098.17 $454.59 $0.00 $339.80 $60,892.56
101 $60,892.56 $454.59 $0.00 $344.30 $61,691.45
102 $61,691.45 $454.59 $0.00 $348.81 $62,494.85
103 $62,494.85 $454.59 $0.00 $353.35 $63,302.79
104 $63,302.79 $454.59 $0.00 $357.92 $64,115.30
105 $64,115.30 $454.59 $0.00 $362.52 $64,932.41
106 $64,932.41 $454.59 $0.00 $367.14 $65,754.14
107 $65,754.14 $454.59 $0.00 $371.78 $66,580.51
108 $66,580.51 $454.59 $0.00 $376.46 $67,411.56
109 $67,411.56 $454.59 $0.00 $381.15 $68,247.30
110 $68,247.30 $454.59 $0.00 $385.88 $69,087.77
111 $69,087.77 $454.59 $0.00 $390.63 $69,932.99
112 $69,932.99 $454.59 $0.00 $395.41 $70,782.99
113 $70,782.99 $454.59 $0.00 $400.22 $71,637.80
114 $71,637.80 $454.59 $0.00 $405.05 $72,497.44
115 $72,497.44 $454.59 $0.00 $409.91 $73,361.94
116 $73,361.94 $454.59 $0.00 $414.80 $74,231.33
117 $74,231.33 $454.59 $0.00 $419.71 $75,105.63
118 $75,105.63 $454.59 $0.00 $424.66 $75,984.88
119 $75,984.88 $454.59 $0.00 $429.63 $76,869.10
120 $76,869.10 $454.59 $0.00 $434.63 $77,758.32
121 $77,758.32 $454.59 $0.00 $439.66 $78,652.57
122 $78,652.57 $454.59 $0.00 $444.71 $79,551.87
123 $79,551.87 $454.59 $0.00 $449.80 $80,456.26
124 $80,456.26 $454.59 $0.00 $454.91 $81,365.76
125 $81,365.76 $454.59 $0.00 $460.05 $82,280.40
126 $82,280.40 $454.59 $0.00 $465.23 $83,200.22
127 $83,200.22 $454.59 $0.00 $470.43 $84,125.24
128 $84,125.24 $454.59 $0.00 $475.66 $85,055.49
129 $85,055.49 $454.59 $0.00 $480.92 $85,991.00
130 $85,991.00 $454.59 $0.00 $486.21 $86,931.80
131 $86,931.80 $454.59 $0.00 $491.53 $87,877.92
132 $87,877.92 $454.59 $0.00 $496.87 $88,829.38
133 $88,829.38 $454.59 $0.00 $502.25 $89,786.22
134 $89,786.22 $454.59 $0.00 $507.66 $90,748.47
135 $90,748.47 $454.59 $0.00 $513.11 $91,716.17
136 $91,716.17 $454.59 $0.00 $518.58 $92,689.34
137 $92,689.34 $454.59 $0.00 $524.08 $93,668.01
138 $93,668.01 $454.59 $0.00 $529.61 $94,652.21
139 $94,652.21 $454.59 $0.00 $535.18 $95,641.98
140 $95,641.98 $454.59 $0.00 $540.77 $96,637.34
141 $96,637.34 $454.59 $0.00 $546.40 $97,638.33
142 $97,638.33 $454.59 $0.00 $552.06 $98,644.98
143 $98,644.98 $454.59 $0.00 $557.75 $99,657.32
144 $99,657.32 $454.59 $0.00 $563.48 $100,675.39
145 $100,675.39 $454.59 $0.00 $569.23 $101,699.21
146 $101,699.21 $454.59 $0.00 $575.02 $102,728.82
147 $102,728.82 $454.59 $0.00 $580.84 $103,764.25
148 $103,764.25 $454.59 $0.00 $586.70 $104,805.54
149 $104,805.54 $454.59 $0.00 $592.59 $105,852.72
150 $105,852.72 $454.59 $0.00 $598.51 $106,905.82
151 $106,905.82 $454.59 $0.00 $604.46 $107,964.87
152 $107,964.87 $454.59 $0.00 $610.45 $109,029.91
153 $109,029.91 $454.59 $0.00 $616.47 $110,100.97
154 $110,100.97 $454.59 $0.00 $622.53 $111,178.09
155 $111,178.09 $454.59 $0.00 $628.62 $112,261.30
156 $112,261.30 $454.59 $0.00 $634.74 $113,350.63
157 $113,350.63 $454.59 $0.00 $640.90 $114,446.12
158 $114,446.12 $454.59 $0.00 $647.10 $115,547.81
159 $115,547.81 $454.59 $0.00 $653.32 $116,655.72
160 $116,655.72 $454.59 $0.00 $659.59 $117,769.90
161 $117,769.90 $454.59 $0.00 $665.89 $118,890.38
162 $118,890.38 $454.59 $0.00 $672.22 $120,017.19
163 $120,017.19 $454.59 $0.00 $678.59 $121,150.37
164 $121,150.37 $454.59 $0.00 $685.00 $122,289.96
165 $122,289.96 $454.59 $0.00 $691.45 $123,436.00
166 $123,436.00 $454.59 $0.00 $697.93 $124,588.52
167 $124,588.52 $454.59 $0.00 $704.44 $125,747.55
168 $125,747.55 $454.59 $0.00 $710.99 $126,913.13
169 $126,913.13 $454.59 $0.00 $717.59 $128,085.31
170 $128,085.31 $454.59 $0.00 $724.21 $129,264.11
171 $129,264.11 $454.59 $0.00 $730.88 $130,449.58
172 $130,449.58 $454.59 $0.00 $737.58 $131,641.75
173 $131,641.75 $454.59 $0.00 $744.32 $132,840.66
174 $132,840.66 $454.59 $0.00 $751.10 $134,046.35
175 $134,046.35 $454.59 $0.00 $757.92 $135,258.86
176 $135,258.86 $454.59 $0.00 $764.77 $136,478.22
177 $136,478.22 $454.59 $0.00 $771.67 $137,704.48
178 $137,704.48 $454.59 $0.00 $778.60 $138,937.67
179 $138,937.67 $454.59 $0.00 $785.57 $140,177.83
180 $140,177.83 $454.59 $0.00 $792.59 $141,425.01
181 $141,425.01 $454.59 $0.00 $799.64 $142,679.24
182 $142,679.24 $454.59 $0.00 $806.73 $143,940.56
183 $143,940.56 $454.59 $0.00 $813.86 $145,209.01
184 $145,209.01 $454.59 $0.00 $821.03 $146,484.63
185 $146,484.63 $454.59 $0.00 $828.25 $147,767.47
186 $147,767.47 $454.59 $0.00 $835.50 $149,057.56
187 $149,057.56 $454.59 $0.00 $842.79 $150,354.94
188 $150,354.94 $454.59 $0.00 $850.13 $151,659.66
189 $151,659.66 $454.59 $0.00 $857.51 $152,971.76
190 $152,971.76 $454.59 $0.00 $864.92 $154,291.27
191 $154,291.27 $454.59 $0.00 $872.39 $155,618.25
192 $155,618.25 $454.59 $0.00 $879.89 $156,952.73
193 $156,952.73 $454.59 $0.00 $887.43 $158,294.75
194 $158,294.75 $454.59 $0.00 $895.02 $159,644.36
195 $159,644.36 $454.59 $0.00 $902.65 $161,001.60
196 $161,001.60 $454.59 $0.00 $910.33 $162,366.52
197 $162,366.52 $454.59 $0.00 $918.04 $163,739.15
198 $163,739.15 $454.59 $0.00 $925.80 $165,119.54
199 $165,119.54 $454.59 $0.00 $933.61 $166,507.74
200 $166,507.74 $454.59 $0.00 $941.46 $167,903.79
201 $167,903.79 $454.59 $0.00 $949.35 $169,307.73
202 $169,307.73 $454.59 $0.00 $957.29 $170,719.61
203 $170,719.61 $454.59 $0.00 $965.27 $172,139.47
204 $172,139.47 $454.59 $0.00 $973.30 $173,567.36
205 $173,567.36 $454.59 $0.00 $981.38 $175,003.33
206 $175,003.33 $454.59 $0.00 $989.49 $176,447.41
207 $176,447.41 $454.59 $0.00 $997.66 $177,899.66
208 $177,899.66 $454.59 $0.00 $1,005.87 $179,360.12
209 $179,360.12 $454.59 $0.00 $1,014.13 $180,828.84
210 $180,828.84 $454.59 $0.00 $1,022.43 $182,305.86
211 $182,305.86 $454.59 $0.00 $1,030.78 $183,791.23
212 $183,791.23 $454.59 $0.00 $1,039.18 $185,285.00
213 $185,285.00 $454.59 $0.00 $1,047.63 $186,787.22
214 $186,787.22 $454.59 $0.00 $1,056.12 $188,297.93
215 $188,297.93 $454.59 $0.00 $1,064.66 $189,817.18
216 $189,817.18 $454.59 $0.00 $1,073.25 $191,345.02
217 $191,345.02 $454.59 $53,296.99 $1,081.89 $139,584.51
218 $139,584.51 $454.59 $0.00 $789.23 $140,828.33
219 $140,828.33 $454.59 $0.00 $796.26 $142,079.18
220 $142,079.18 $454.59 $0.00 $803.34 $143,337.11
221 $143,337.11 $454.59 $0.00 $810.45 $144,602.15
222 $144,602.15 $454.59 $0.00 $817.60 $145,874.34
223 $145,874.34 $454.59 $0.00 $824.79 $147,153.72
224 $147,153.72 $454.59 $0.00 $832.03 $148,440.34
225 $148,440.34 $454.59 $0.00 $839.30 $149,734.23
226 $149,734.23 $454.59 $0.00 $846.62 $151,035.44
227 $151,035.44 $454.59 $0.00 $853.98 $152,344.01
228 $152,344.01 $454.59 $0.00 $861.38 $153,659.98
229 $153,659.98 $454.59 $55,961.84 $868.82 $99,021.55
230 $99,021.55 $454.59 $0.00 $559.88 $100,036.02
231 $100,036.02 $454.59 $0.00 $565.62 $101,056.23
232 $101,056.23 $454.59 $0.00 $571.39 $102,082.21
233 $102,082.21 $454.59 $0.00 $577.19 $103,113.99
234 $103,113.99 $454.59 $0.00 $583.02 $104,151.60
235 $104,151.60 $454.59 $0.00 $588.89 $105,195.08
236 $105,195.08 $454.59 $0.00 $594.79 $106,244.46
237 $106,244.46 $454.59 $0.00 $600.72 $107,299.77
238 $107,299.77 $454.59 $0.00 $606.69 $108,361.05
239 $108,361.05 $454.59 $0.00 $612.69 $109,428.33
240 $109,428.33 $454.59 $0.00 $618.72 $110,501.64
241 $110,501.64 $454.59 $58,759.93 $624.79 $52,821.09
242 $52,821.09 $454.59 $0.00 $298.66 $53,574.34
243 $53,574.34 $454.59 $0.00 $302.92 $54,331.85
244 $54,331.85 $454.59 $0.00 $307.20 $55,093.64
245 $55,093.64 $454.59 $0.00 $311.51 $55,859.74
246 $55,859.74 $454.59 $0.00 $315.84 $56,630.17
247 $56,630.17 $454.59 $0.00 $320.20 $57,404.96
248 $57,404.96 $454.59 $0.00 $324.58 $58,184.13
249 $58,184.13 $454.59 $0.00 $328.98 $58,967.70
250 $58,967.70 $454.59 $0.00 $333.41 $59,755.70
251 $59,755.70 $454.59 $0.00 $337.87 $60,548.16
252 $60,548.16 $454.59 $0.00 $342.35 $61,345.10
253 $61,345.10 $0.00 $61,697.93 $346.85 ($5.98)