Savings Plan and Future Cost Estimation for St. Andrews University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$189,460
Monthly savings required$1,497

How much will it cost to send your child to St. Andrews University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $757,838.69 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,497.35 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$50,500.00
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 $1,497.35 $0.00 $0.00 $1,497.35
2 $1,497.35 $1,497.35 $0.00 $8.47 $3,003.17
3 $3,003.17 $1,497.35 $0.00 $16.98 $4,517.50
4 $4,517.50 $1,497.35 $0.00 $25.54 $6,040.39
5 $6,040.39 $1,497.35 $0.00 $34.15 $7,571.89
6 $7,571.89 $1,497.35 $0.00 $42.81 $9,112.05
7 $9,112.05 $1,497.35 $0.00 $51.52 $10,660.92
8 $10,660.92 $1,497.35 $0.00 $60.28 $12,218.55
9 $12,218.55 $1,497.35 $0.00 $69.09 $13,784.99
10 $13,784.99 $1,497.35 $0.00 $77.94 $15,360.28
11 $15,360.28 $1,497.35 $0.00 $86.85 $16,944.48
12 $16,944.48 $1,497.35 $0.00 $95.81 $18,537.64
13 $18,537.64 $1,497.35 $0.00 $104.81 $20,139.80
14 $20,139.80 $1,497.35 $0.00 $113.87 $21,751.02
15 $21,751.02 $1,497.35 $0.00 $122.98 $23,371.35
16 $23,371.35 $1,497.35 $0.00 $132.15 $25,000.85
17 $25,000.85 $1,497.35 $0.00 $141.36 $26,639.56
18 $26,639.56 $1,497.35 $0.00 $150.62 $28,287.53
19 $28,287.53 $1,497.35 $0.00 $159.94 $29,944.82
20 $29,944.82 $1,497.35 $0.00 $169.31 $31,611.48
21 $31,611.48 $1,497.35 $0.00 $178.74 $33,287.57
22 $33,287.57 $1,497.35 $0.00 $188.21 $34,973.13
23 $34,973.13 $1,497.35 $0.00 $197.74 $36,668.22
24 $36,668.22 $1,497.35 $0.00 $207.33 $38,372.90
25 $38,372.90 $1,497.35 $0.00 $216.97 $40,087.22
26 $40,087.22 $1,497.35 $0.00 $226.66 $41,811.23
27 $41,811.23 $1,497.35 $0.00 $236.41 $43,544.99
28 $43,544.99 $1,497.35 $0.00 $246.21 $45,288.55
29 $45,288.55 $1,497.35 $0.00 $256.07 $47,041.97
30 $47,041.97 $1,497.35 $0.00 $265.98 $48,805.30
31 $48,805.30 $1,497.35 $0.00 $275.95 $50,578.60
32 $50,578.60 $1,497.35 $0.00 $285.98 $52,361.93
33 $52,361.93 $1,497.35 $0.00 $296.06 $54,155.34
34 $54,155.34 $1,497.35 $0.00 $306.20 $55,958.89
35 $55,958.89 $1,497.35 $0.00 $316.40 $57,772.64
36 $57,772.64 $1,497.35 $0.00 $326.65 $59,596.64
37 $59,596.64 $1,497.35 $0.00 $336.97 $61,430.96
38 $61,430.96 $1,497.35 $0.00 $347.34 $63,275.65
39 $63,275.65 $1,497.35 $0.00 $357.77 $65,130.77
40 $65,130.77 $1,497.35 $0.00 $368.26 $66,996.38
41 $66,996.38 $1,497.35 $0.00 $378.81 $68,872.54
42 $68,872.54 $1,497.35 $0.00 $389.42 $70,759.31
43 $70,759.31 $1,497.35 $0.00 $400.08 $72,656.74
44 $72,656.74 $1,497.35 $0.00 $410.81 $74,564.90
45 $74,564.90 $1,497.35 $0.00 $421.60 $76,483.85
46 $76,483.85 $1,497.35 $0.00 $432.45 $78,413.65
47 $78,413.65 $1,497.35 $0.00 $443.36 $80,354.36
48 $80,354.36 $1,497.35 $0.00 $454.34 $82,306.05
49 $82,306.05 $1,497.35 $0.00 $465.37 $84,268.77
50 $84,268.77 $1,497.35 $0.00 $476.47 $86,242.59
51 $86,242.59 $1,497.35 $0.00 $487.63 $88,227.57
52 $88,227.57 $1,497.35 $0.00 $498.85 $90,223.77
53 $90,223.77 $1,497.35 $0.00 $510.14 $92,231.26
54 $92,231.26 $1,497.35 $0.00 $521.49 $94,250.10
55 $94,250.10 $1,497.35 $0.00 $532.90 $96,280.35
56 $96,280.35 $1,497.35 $0.00 $544.38 $98,322.08
57 $98,322.08 $1,497.35 $0.00 $555.93 $100,375.36
58 $100,375.36 $1,497.35 $0.00 $567.54 $102,440.25
59 $102,440.25 $1,497.35 $0.00 $579.21 $104,516.81
60 $104,516.81 $1,497.35 $0.00 $590.95 $106,605.11
61 $106,605.11 $1,497.35 $0.00 $602.76 $108,705.22
62 $108,705.22 $1,497.35 $0.00 $614.64 $110,817.21
63 $110,817.21 $1,497.35 $0.00 $626.58 $112,941.14
64 $112,941.14 $1,497.35 $0.00 $638.59 $115,077.08
65 $115,077.08 $1,497.35 $0.00 $650.66 $117,225.09
66 $117,225.09 $1,497.35 $0.00 $662.81 $119,385.25
67 $119,385.25 $1,497.35 $0.00 $675.02 $121,557.62
68 $121,557.62 $1,497.35 $0.00 $687.30 $123,742.27
69 $123,742.27 $1,497.35 $0.00 $699.66 $125,939.28
70 $125,939.28 $1,497.35 $0.00 $712.08 $128,148.71
71 $128,148.71 $1,497.35 $0.00 $724.57 $130,370.63
72 $130,370.63 $1,497.35 $0.00 $737.13 $132,605.11
73 $132,605.11 $1,497.35 $0.00 $749.77 $134,852.23
74 $134,852.23 $1,497.35 $0.00 $762.47 $137,112.05
75 $137,112.05 $1,497.35 $0.00 $775.25 $139,384.65
76 $139,384.65 $1,497.35 $0.00 $788.10 $141,670.10
77 $141,670.10 $1,497.35 $0.00 $801.02 $143,968.47
78 $143,968.47 $1,497.35 $0.00 $814.02 $146,279.84
79 $146,279.84 $1,497.35 $0.00 $827.09 $148,604.28
80 $148,604.28 $1,497.35 $0.00 $840.23 $150,941.86
81 $150,941.86 $1,497.35 $0.00 $853.45 $153,292.66
82 $153,292.66 $1,497.35 $0.00 $866.74 $155,656.75
83 $155,656.75 $1,497.35 $0.00 $880.11 $158,034.21
84 $158,034.21 $1,497.35 $0.00 $893.55 $160,425.11
85 $160,425.11 $1,497.35 $0.00 $907.07 $162,829.53
86 $162,829.53 $1,497.35 $0.00 $920.66 $165,247.54
87 $165,247.54 $1,497.35 $0.00 $934.33 $167,679.22
88 $167,679.22 $1,497.35 $0.00 $948.08 $170,124.65
89 $170,124.65 $1,497.35 $0.00 $961.91 $172,583.91
90 $172,583.91 $1,497.35 $0.00 $975.81 $175,057.07
91 $175,057.07 $1,497.35 $0.00 $989.80 $177,544.22
92 $177,544.22 $1,497.35 $0.00 $1,003.86 $180,045.43
93 $180,045.43 $1,497.35 $0.00 $1,018.00 $182,560.78
94 $182,560.78 $1,497.35 $0.00 $1,032.23 $185,090.36
95 $185,090.36 $1,497.35 $0.00 $1,046.53 $187,634.24
96 $187,634.24 $1,497.35 $0.00 $1,060.91 $190,192.50
97 $190,192.50 $1,497.35 $0.00 $1,075.38 $192,765.23
98 $192,765.23 $1,497.35 $0.00 $1,089.92 $195,352.50
99 $195,352.50 $1,497.35 $0.00 $1,104.55 $197,954.40
100 $197,954.40 $1,497.35 $0.00 $1,119.26 $200,571.01
101 $200,571.01 $1,497.35 $0.00 $1,134.06 $203,202.42
102 $203,202.42 $1,497.35 $0.00 $1,148.94 $205,848.71
103 $205,848.71 $1,497.35 $0.00 $1,163.90 $208,509.96
104 $208,509.96 $1,497.35 $0.00 $1,178.95 $211,186.26
105 $211,186.26 $1,497.35 $0.00 $1,194.08 $213,877.69
106 $213,877.69 $1,497.35 $0.00 $1,209.30 $216,584.34
107 $216,584.34 $1,497.35 $0.00 $1,224.60 $219,306.29
108 $219,306.29 $1,497.35 $0.00 $1,239.99 $222,043.63
109 $222,043.63 $1,497.35 $0.00 $1,255.47 $224,796.45
110 $224,796.45 $1,497.35 $0.00 $1,271.03 $227,564.83
111 $227,564.83 $1,497.35 $0.00 $1,286.68 $230,348.86
112 $230,348.86 $1,497.35 $0.00 $1,302.43 $233,148.64
113 $233,148.64 $1,497.35 $0.00 $1,318.26 $235,964.25
114 $235,964.25 $1,497.35 $0.00 $1,334.18 $238,795.78
115 $238,795.78 $1,497.35 $0.00 $1,350.19 $241,643.32
116 $241,643.32 $1,497.35 $0.00 $1,366.29 $244,506.96
117 $244,506.96 $1,497.35 $0.00 $1,382.48 $247,386.79
118 $247,386.79 $1,497.35 $0.00 $1,398.76 $250,282.90
119 $250,282.90 $1,497.35 $0.00 $1,415.14 $253,195.39
120 $253,195.39 $1,497.35 $0.00 $1,431.60 $256,124.34
121 $256,124.34 $1,497.35 $0.00 $1,448.16 $259,069.85
122 $259,069.85 $1,497.35 $0.00 $1,464.82 $262,032.02
123 $262,032.02 $1,497.35 $0.00 $1,481.57 $265,010.94
124 $265,010.94 $1,497.35 $0.00 $1,498.41 $268,006.70
125 $268,006.70 $1,497.35 $0.00 $1,515.35 $271,019.40
126 $271,019.40 $1,497.35 $0.00 $1,532.38 $274,049.13
127 $274,049.13 $1,497.35 $0.00 $1,549.51 $277,095.99
128 $277,095.99 $1,497.35 $0.00 $1,566.74 $280,160.08
129 $280,160.08 $1,497.35 $0.00 $1,584.07 $283,241.50
130 $283,241.50 $1,497.35 $0.00 $1,601.49 $286,340.34
131 $286,340.34 $1,497.35 $0.00 $1,619.01 $289,456.70
132 $289,456.70 $1,497.35 $0.00 $1,636.63 $292,590.68
133 $292,590.68 $1,497.35 $0.00 $1,654.35 $295,742.38
134 $295,742.38 $1,497.35 $0.00 $1,672.17 $298,911.90
135 $298,911.90 $1,497.35 $0.00 $1,690.09 $302,099.34
136 $302,099.34 $1,497.35 $0.00 $1,708.11 $305,304.80
137 $305,304.80 $1,497.35 $0.00 $1,726.24 $308,528.39
138 $308,528.39 $1,497.35 $0.00 $1,744.46 $311,770.20
139 $311,770.20 $1,497.35 $0.00 $1,762.79 $315,030.34
140 $315,030.34 $1,497.35 $0.00 $1,781.23 $318,308.92
141 $318,308.92 $1,497.35 $0.00 $1,799.76 $321,606.03
142 $321,606.03 $1,497.35 $0.00 $1,818.41 $324,921.79
143 $324,921.79 $1,497.35 $0.00 $1,837.16 $328,256.30
144 $328,256.30 $1,497.35 $0.00 $1,856.01 $331,609.66
145 $331,609.66 $1,497.35 $0.00 $1,874.97 $334,981.98
146 $334,981.98 $1,497.35 $0.00 $1,894.04 $338,373.37
147 $338,373.37 $1,497.35 $0.00 $1,913.21 $341,783.93
148 $341,783.93 $1,497.35 $0.00 $1,932.50 $345,213.78
149 $345,213.78 $1,497.35 $0.00 $1,951.89 $348,663.02
150 $348,663.02 $1,497.35 $0.00 $1,971.39 $352,131.76
151 $352,131.76 $1,497.35 $0.00 $1,991.00 $355,620.11
152 $355,620.11 $1,497.35 $0.00 $2,010.73 $359,128.19
153 $359,128.19 $1,497.35 $0.00 $2,030.56 $362,656.10
154 $362,656.10 $1,497.35 $0.00 $2,050.51 $366,203.96
155 $366,203.96 $1,497.35 $0.00 $2,070.57 $369,771.88
156 $369,771.88 $1,497.35 $0.00 $2,090.74 $373,359.97
157 $373,359.97 $1,497.35 $0.00 $2,111.03 $376,968.35
158 $376,968.35 $1,497.35 $0.00 $2,131.43 $380,597.13
159 $380,597.13 $1,497.35 $0.00 $2,151.95 $384,246.43
160 $384,246.43 $1,497.35 $0.00 $2,172.59 $387,916.37
161 $387,916.37 $1,497.35 $0.00 $2,193.34 $391,607.06
162 $391,607.06 $1,497.35 $0.00 $2,214.20 $395,318.61
163 $395,318.61 $1,497.35 $0.00 $2,235.19 $399,051.15
164 $399,051.15 $1,497.35 $0.00 $2,256.29 $402,804.79
165 $402,804.79 $1,497.35 $0.00 $2,277.52 $406,579.66
166 $406,579.66 $1,497.35 $0.00 $2,298.86 $410,375.87
167 $410,375.87 $1,497.35 $0.00 $2,320.32 $414,193.54
168 $414,193.54 $1,497.35 $0.00 $2,341.91 $418,032.80
169 $418,032.80 $1,497.35 $0.00 $2,363.62 $421,893.77
170 $421,893.77 $1,497.35 $0.00 $2,385.45 $425,776.57
171 $425,776.57 $1,497.35 $0.00 $2,407.40 $429,681.32
172 $429,681.32 $1,497.35 $0.00 $2,429.48 $433,608.15
173 $433,608.15 $1,497.35 $0.00 $2,451.68 $437,557.18
174 $437,557.18 $1,497.35 $0.00 $2,474.01 $441,528.54
175 $441,528.54 $1,497.35 $0.00 $2,496.47 $445,522.36
176 $445,522.36 $1,497.35 $0.00 $2,519.05 $449,538.76
177 $449,538.76 $1,497.35 $0.00 $2,541.76 $453,577.87
178 $453,577.87 $1,497.35 $0.00 $2,564.60 $457,639.82
179 $457,639.82 $1,497.35 $0.00 $2,587.56 $461,724.73
180 $461,724.73 $1,497.35 $0.00 $2,610.66 $465,832.74
181 $465,832.74 $1,497.35 $0.00 $2,633.89 $469,963.98
182 $469,963.98 $1,497.35 $0.00 $2,657.24 $474,118.57
183 $474,118.57 $1,497.35 $0.00 $2,680.74 $478,296.66
184 $478,296.66 $1,497.35 $0.00 $2,704.36 $482,498.37
185 $482,498.37 $1,497.35 $0.00 $2,728.12 $486,723.84
186 $486,723.84 $1,497.35 $0.00 $2,752.01 $490,973.20
187 $490,973.20 $1,497.35 $0.00 $2,776.03 $495,246.58
188 $495,246.58 $1,497.35 $0.00 $2,800.20 $499,544.13
189 $499,544.13 $1,497.35 $0.00 $2,824.50 $503,865.98
190 $503,865.98 $1,497.35 $0.00 $2,848.93 $508,212.26
191 $508,212.26 $1,497.35 $0.00 $2,873.51 $512,583.12
192 $512,583.12 $1,497.35 $0.00 $2,898.22 $516,978.69
193 $516,978.69 $1,497.35 $0.00 $2,923.07 $521,399.11
194 $521,399.11 $1,497.35 $0.00 $2,948.07 $525,844.53
195 $525,844.53 $1,497.35 $0.00 $2,973.20 $530,315.08
196 $530,315.08 $1,497.35 $0.00 $2,998.48 $534,810.91
197 $534,810.91 $1,497.35 $0.00 $3,023.90 $539,332.16
198 $539,332.16 $1,497.35 $0.00 $3,049.46 $543,878.97
199 $543,878.97 $1,497.35 $0.00 $3,075.17 $548,451.49
200 $548,451.49 $1,497.35 $0.00 $3,101.02 $553,049.86
201 $553,049.86 $1,497.35 $0.00 $3,127.02 $557,674.23
202 $557,674.23 $1,497.35 $0.00 $3,153.17 $562,324.75
203 $562,324.75 $1,497.35 $0.00 $3,179.47 $567,001.57
204 $567,001.57 $1,497.35 $0.00 $3,205.91 $571,704.83
205 $571,704.83 $1,497.35 $0.00 $3,232.50 $576,434.68
206 $576,434.68 $1,497.35 $0.00 $3,259.25 $581,191.28
207 $581,191.28 $1,497.35 $0.00 $3,286.14 $585,974.77
208 $585,974.77 $1,497.35 $0.00 $3,313.19 $590,785.31
209 $590,785.31 $1,497.35 $0.00 $3,340.39 $595,623.05
210 $595,623.05 $1,497.35 $0.00 $3,367.74 $600,488.14
211 $600,488.14 $1,497.35 $0.00 $3,395.25 $605,380.74
212 $605,380.74 $1,497.35 $0.00 $3,422.91 $610,301.00
213 $610,301.00 $1,497.35 $0.00 $3,450.73 $615,249.08
214 $615,249.08 $1,497.35 $0.00 $3,478.71 $620,225.14
215 $620,225.14 $1,497.35 $0.00 $3,506.84 $625,229.33
216 $625,229.33 $1,497.35 $0.00 $3,535.14 $630,261.82
217 $630,261.82 $1,497.35 $170,686.58 $3,563.59 $464,636.18
218 $464,636.18 $1,497.35 $0.00 $2,627.12 $468,760.65
219 $468,760.65 $1,497.35 $0.00 $2,650.44 $472,908.44
220 $472,908.44 $1,497.35 $0.00 $2,673.89 $477,079.68
221 $477,079.68 $1,497.35 $0.00 $2,697.48 $481,274.51
222 $481,274.51 $1,497.35 $0.00 $2,721.20 $485,493.06
223 $485,493.06 $1,497.35 $0.00 $2,745.05 $489,735.46
224 $489,735.46 $1,497.35 $0.00 $2,769.04 $494,001.85
225 $494,001.85 $1,497.35 $0.00 $2,793.16 $498,292.36
226 $498,292.36 $1,497.35 $0.00 $2,817.42 $502,607.13
227 $502,607.13 $1,497.35 $0.00 $2,841.81 $506,946.29
228 $506,946.29 $1,497.35 $0.00 $2,866.35 $511,309.99
229 $511,309.99 $1,497.35 $182,634.64 $2,891.02 $333,063.72
230 $333,063.72 $1,497.35 $0.00 $1,883.19 $336,444.26
231 $336,444.26 $1,497.35 $0.00 $1,902.30 $339,843.91
232 $339,843.91 $1,497.35 $0.00 $1,921.53 $343,262.79
233 $343,262.79 $1,497.35 $0.00 $1,940.86 $346,701.00
234 $346,701.00 $1,497.35 $0.00 $1,960.30 $350,158.65
235 $350,158.65 $1,497.35 $0.00 $1,979.85 $353,635.85
236 $353,635.85 $1,497.35 $0.00 $1,999.51 $357,132.71
237 $357,132.71 $1,497.35 $0.00 $2,019.28 $360,649.34
238 $360,649.34 $1,497.35 $0.00 $2,039.16 $364,185.85
239 $364,185.85 $1,497.35 $0.00 $2,059.16 $367,742.36
240 $367,742.36 $1,497.35 $0.00 $2,079.27 $371,318.98
241 $371,318.98 $1,497.35 $195,419.07 $2,099.49 $179,496.75
242 $179,496.75 $1,497.35 $0.00 $1,014.90 $182,009.00
243 $182,009.00 $1,497.35 $0.00 $1,029.11 $184,535.46
244 $184,535.46 $1,497.35 $0.00 $1,043.39 $187,076.20
245 $187,076.20 $1,497.35 $0.00 $1,057.76 $189,631.31
246 $189,631.31 $1,497.35 $0.00 $1,072.20 $192,200.86
247 $192,200.86 $1,497.35 $0.00 $1,086.73 $194,784.94
248 $194,784.94 $1,497.35 $0.00 $1,101.34 $197,383.63
249 $197,383.63 $1,497.35 $0.00 $1,116.04 $199,997.02
250 $199,997.02 $1,497.35 $0.00 $1,130.81 $202,625.18
251 $202,625.18 $1,497.35 $0.00 $1,145.67 $205,268.20
252 $205,268.20 $1,497.35 $0.00 $1,160.62 $207,926.17
253 $207,926.17 $0.00 $209,098.40 $1,175.64 $3.41