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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$82,493
Monthly savings required$653

How much will it cost to send your child to Miami University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $329,970.09 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $653.00 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$31,811.00
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 $653.00 $0.00 $0.00 $653.00
2 $653.00 $653.00 $0.00 $3.69 $1,309.69
3 $1,309.69 $653.00 $0.00 $7.41 $1,970.10
4 $1,970.10 $653.00 $0.00 $11.14 $2,634.24
5 $2,634.24 $653.00 $0.00 $14.89 $3,302.13
6 $3,302.13 $653.00 $0.00 $18.67 $3,973.80
7 $3,973.80 $653.00 $0.00 $22.47 $4,649.27
8 $4,649.27 $653.00 $0.00 $26.29 $5,328.56
9 $5,328.56 $653.00 $0.00 $30.13 $6,011.69
10 $6,011.69 $653.00 $0.00 $33.99 $6,698.68
11 $6,698.68 $653.00 $0.00 $37.88 $7,389.56
12 $7,389.56 $653.00 $0.00 $41.78 $8,084.34
13 $8,084.34 $653.00 $0.00 $45.71 $8,783.05
14 $8,783.05 $653.00 $0.00 $49.66 $9,485.71
15 $9,485.71 $653.00 $0.00 $53.63 $10,192.34
16 $10,192.34 $653.00 $0.00 $57.63 $10,902.97
17 $10,902.97 $653.00 $0.00 $61.65 $11,617.62
18 $11,617.62 $653.00 $0.00 $65.69 $12,336.31
19 $12,336.31 $653.00 $0.00 $69.75 $13,059.06
20 $13,059.06 $653.00 $0.00 $73.84 $13,785.90
21 $13,785.90 $653.00 $0.00 $77.95 $14,516.85
22 $14,516.85 $653.00 $0.00 $82.08 $15,251.93
23 $15,251.93 $653.00 $0.00 $86.24 $15,991.17
24 $15,991.17 $653.00 $0.00 $90.42 $16,734.59
25 $16,734.59 $653.00 $0.00 $94.62 $17,482.21
26 $17,482.21 $653.00 $0.00 $98.85 $18,234.06
27 $18,234.06 $653.00 $0.00 $103.10 $18,990.16
28 $18,990.16 $653.00 $0.00 $107.37 $19,750.53
29 $19,750.53 $653.00 $0.00 $111.67 $20,515.20
30 $20,515.20 $653.00 $0.00 $116.00 $21,284.20
31 $21,284.20 $653.00 $0.00 $120.34 $22,057.54
32 $22,057.54 $653.00 $0.00 $124.72 $22,835.26
33 $22,835.26 $653.00 $0.00 $129.11 $23,617.37
34 $23,617.37 $653.00 $0.00 $133.54 $24,403.91
35 $24,403.91 $653.00 $0.00 $137.98 $25,194.89
36 $25,194.89 $653.00 $0.00 $142.46 $25,990.35
37 $25,990.35 $653.00 $0.00 $146.95 $26,790.30
38 $26,790.30 $653.00 $0.00 $151.48 $27,594.78
39 $27,594.78 $653.00 $0.00 $156.02 $28,403.80
40 $28,403.80 $653.00 $0.00 $160.60 $29,217.40
41 $29,217.40 $653.00 $0.00 $165.20 $30,035.60
42 $30,035.60 $653.00 $0.00 $169.83 $30,858.43
43 $30,858.43 $653.00 $0.00 $174.48 $31,685.91
44 $31,685.91 $653.00 $0.00 $179.16 $32,518.07
45 $32,518.07 $653.00 $0.00 $183.86 $33,354.93
46 $33,354.93 $653.00 $0.00 $188.59 $34,196.52
47 $34,196.52 $653.00 $0.00 $193.35 $35,042.87
48 $35,042.87 $653.00 $0.00 $198.14 $35,894.01
49 $35,894.01 $653.00 $0.00 $202.95 $36,749.96
50 $36,749.96 $653.00 $0.00 $207.79 $37,610.75
51 $37,610.75 $653.00 $0.00 $212.66 $38,476.41
52 $38,476.41 $653.00 $0.00 $217.55 $39,346.96
53 $39,346.96 $653.00 $0.00 $222.47 $40,222.43
54 $40,222.43 $653.00 $0.00 $227.42 $41,102.85
55 $41,102.85 $653.00 $0.00 $232.40 $41,988.25
56 $41,988.25 $653.00 $0.00 $237.41 $42,878.66
57 $42,878.66 $653.00 $0.00 $242.44 $43,774.10
58 $43,774.10 $653.00 $0.00 $247.51 $44,674.61
59 $44,674.61 $653.00 $0.00 $252.60 $45,580.21
60 $45,580.21 $653.00 $0.00 $257.72 $46,490.93
61 $46,490.93 $653.00 $0.00 $262.87 $47,406.80
62 $47,406.80 $653.00 $0.00 $268.04 $48,327.84
63 $48,327.84 $653.00 $0.00 $273.25 $49,254.09
64 $49,254.09 $653.00 $0.00 $278.49 $50,185.58
65 $50,185.58 $653.00 $0.00 $283.76 $51,122.34
66 $51,122.34 $653.00 $0.00 $289.05 $52,064.39
67 $52,064.39 $653.00 $0.00 $294.38 $53,011.77
68 $53,011.77 $653.00 $0.00 $299.74 $53,964.51
69 $53,964.51 $653.00 $0.00 $305.12 $54,922.63
70 $54,922.63 $653.00 $0.00 $310.54 $55,886.17
71 $55,886.17 $653.00 $0.00 $315.99 $56,855.16
72 $56,855.16 $653.00 $0.00 $321.47 $57,829.63
73 $57,829.63 $653.00 $0.00 $326.98 $58,809.61
74 $58,809.61 $653.00 $0.00 $332.52 $59,795.13
75 $59,795.13 $653.00 $0.00 $338.09 $60,786.22
76 $60,786.22 $653.00 $0.00 $343.69 $61,782.91
77 $61,782.91 $653.00 $0.00 $349.33 $62,785.24
78 $62,785.24 $653.00 $0.00 $355.00 $63,793.24
79 $63,793.24 $653.00 $0.00 $360.70 $64,806.94
80 $64,806.94 $653.00 $0.00 $366.43 $65,826.37
81 $65,826.37 $653.00 $0.00 $372.19 $66,851.56
82 $66,851.56 $653.00 $0.00 $377.99 $67,882.55
83 $67,882.55 $653.00 $0.00 $383.82 $68,919.37
84 $68,919.37 $653.00 $0.00 $389.68 $69,962.05
85 $69,962.05 $653.00 $0.00 $395.58 $71,010.63
86 $71,010.63 $653.00 $0.00 $401.50 $72,065.13
87 $72,065.13 $653.00 $0.00 $407.47 $73,125.60
88 $73,125.60 $653.00 $0.00 $413.46 $74,192.06
89 $74,192.06 $653.00 $0.00 $419.49 $75,264.55
90 $75,264.55 $653.00 $0.00 $425.56 $76,343.11
91 $76,343.11 $653.00 $0.00 $431.66 $77,427.77
92 $77,427.77 $653.00 $0.00 $437.79 $78,518.56
93 $78,518.56 $653.00 $0.00 $443.96 $79,615.52
94 $79,615.52 $653.00 $0.00 $450.16 $80,718.68
95 $80,718.68 $653.00 $0.00 $456.40 $81,828.08
96 $81,828.08 $653.00 $0.00 $462.67 $82,943.75
97 $82,943.75 $653.00 $0.00 $468.98 $84,065.73
98 $84,065.73 $653.00 $0.00 $475.32 $85,194.05
99 $85,194.05 $653.00 $0.00 $481.70 $86,328.75
100 $86,328.75 $653.00 $0.00 $488.12 $87,469.87
101 $87,469.87 $653.00 $0.00 $494.57 $88,617.44
102 $88,617.44 $653.00 $0.00 $501.06 $89,771.50
103 $89,771.50 $653.00 $0.00 $507.58 $90,932.08
104 $90,932.08 $653.00 $0.00 $514.14 $92,099.22
105 $92,099.22 $653.00 $0.00 $520.74 $93,272.96
106 $93,272.96 $653.00 $0.00 $527.38 $94,453.34
107 $94,453.34 $653.00 $0.00 $534.05 $95,640.39
108 $95,640.39 $653.00 $0.00 $540.76 $96,834.15
109 $96,834.15 $653.00 $0.00 $547.51 $98,034.66
110 $98,034.66 $653.00 $0.00 $554.30 $99,241.96
111 $99,241.96 $653.00 $0.00 $561.13 $100,456.09
112 $100,456.09 $653.00 $0.00 $567.99 $101,677.08
113 $101,677.08 $653.00 $0.00 $574.90 $102,904.98
114 $102,904.98 $653.00 $0.00 $581.84 $104,139.82
115 $104,139.82 $653.00 $0.00 $588.82 $105,381.64
116 $105,381.64 $653.00 $0.00 $595.84 $106,630.48
117 $106,630.48 $653.00 $0.00 $602.90 $107,886.38
118 $107,886.38 $653.00 $0.00 $610.01 $109,149.39
119 $109,149.39 $653.00 $0.00 $617.15 $110,419.54
120 $110,419.54 $653.00 $0.00 $624.33 $111,696.87
121 $111,696.87 $653.00 $0.00 $631.55 $112,981.42
122 $112,981.42 $653.00 $0.00 $638.81 $114,273.23
123 $114,273.23 $653.00 $0.00 $646.12 $115,572.35
124 $115,572.35 $653.00 $0.00 $653.46 $116,878.81
125 $116,878.81 $653.00 $0.00 $660.85 $118,192.66
126 $118,192.66 $653.00 $0.00 $668.28 $119,513.94
127 $119,513.94 $653.00 $0.00 $675.75 $120,842.69
128 $120,842.69 $653.00 $0.00 $683.26 $122,178.95
129 $122,178.95 $653.00 $0.00 $690.82 $123,522.77
130 $123,522.77 $653.00 $0.00 $698.42 $124,874.19
131 $124,874.19 $653.00 $0.00 $706.06 $126,233.25
132 $126,233.25 $653.00 $0.00 $713.74 $127,599.99
133 $127,599.99 $653.00 $0.00 $721.47 $128,974.46
134 $128,974.46 $653.00 $0.00 $729.24 $130,356.70
135 $130,356.70 $653.00 $0.00 $737.06 $131,746.76
136 $131,746.76 $653.00 $0.00 $744.92 $133,144.68
137 $133,144.68 $653.00 $0.00 $752.82 $134,550.50
138 $134,550.50 $653.00 $0.00 $760.77 $135,964.27
139 $135,964.27 $653.00 $0.00 $768.76 $137,386.03
140 $137,386.03 $653.00 $0.00 $776.80 $138,815.83
141 $138,815.83 $653.00 $0.00 $784.88 $140,253.71
142 $140,253.71 $653.00 $0.00 $793.01 $141,699.72
143 $141,699.72 $653.00 $0.00 $801.19 $143,153.91
144 $143,153.91 $653.00 $0.00 $809.41 $144,616.32
145 $144,616.32 $653.00 $0.00 $817.68 $146,087.00
146 $146,087.00 $653.00 $0.00 $826.00 $147,566.00
147 $147,566.00 $653.00 $0.00 $834.36 $149,053.36
148 $149,053.36 $653.00 $0.00 $842.77 $150,549.13
149 $150,549.13 $653.00 $0.00 $851.23 $152,053.36
150 $152,053.36 $653.00 $0.00 $859.73 $153,566.09
151 $153,566.09 $653.00 $0.00 $868.28 $155,087.37
152 $155,087.37 $653.00 $0.00 $876.89 $156,617.26
153 $156,617.26 $653.00 $0.00 $885.54 $158,155.80
154 $158,155.80 $653.00 $0.00 $894.24 $159,703.04
155 $159,703.04 $653.00 $0.00 $902.98 $161,259.02
156 $161,259.02 $653.00 $0.00 $911.78 $162,823.80
157 $162,823.80 $653.00 $0.00 $920.63 $164,397.43
158 $164,397.43 $653.00 $0.00 $929.53 $165,979.96
159 $165,979.96 $653.00 $0.00 $938.47 $167,571.43
160 $167,571.43 $653.00 $0.00 $947.47 $169,171.90
161 $169,171.90 $653.00 $0.00 $956.52 $170,781.42
162 $170,781.42 $653.00 $0.00 $965.62 $172,400.04
163 $172,400.04 $653.00 $0.00 $974.77 $174,027.81
164 $174,027.81 $653.00 $0.00 $983.98 $175,664.79
165 $175,664.79 $653.00 $0.00 $993.23 $177,311.02
166 $177,311.02 $653.00 $0.00 $1,002.54 $178,966.56
167 $178,966.56 $653.00 $0.00 $1,011.90 $180,631.46
168 $180,631.46 $653.00 $0.00 $1,021.32 $182,305.78
169 $182,305.78 $653.00 $0.00 $1,030.78 $183,989.56
170 $183,989.56 $653.00 $0.00 $1,040.30 $185,682.86
171 $185,682.86 $653.00 $0.00 $1,049.88 $187,385.74
172 $187,385.74 $653.00 $0.00 $1,059.51 $189,098.25
173 $189,098.25 $653.00 $0.00 $1,069.19 $190,820.44
174 $190,820.44 $653.00 $0.00 $1,078.93 $192,552.37
175 $192,552.37 $653.00 $0.00 $1,088.72 $194,294.09
176 $194,294.09 $653.00 $0.00 $1,098.57 $196,045.66
177 $196,045.66 $653.00 $0.00 $1,108.47 $197,807.13
178 $197,807.13 $653.00 $0.00 $1,118.43 $199,578.56
179 $199,578.56 $653.00 $0.00 $1,128.45 $201,360.01
180 $201,360.01 $653.00 $0.00 $1,138.52 $203,151.53
181 $203,151.53 $653.00 $0.00 $1,148.65 $204,953.18
182 $204,953.18 $653.00 $0.00 $1,158.84 $206,765.02
183 $206,765.02 $653.00 $0.00 $1,169.08 $208,587.10
184 $208,587.10 $653.00 $0.00 $1,179.38 $210,419.48
185 $210,419.48 $653.00 $0.00 $1,189.74 $212,262.22
186 $212,262.22 $653.00 $0.00 $1,200.16 $214,115.38
187 $214,115.38 $653.00 $0.00 $1,210.64 $215,979.02
188 $215,979.02 $653.00 $0.00 $1,221.18 $217,853.20
189 $217,853.20 $653.00 $0.00 $1,231.77 $219,737.97
190 $219,737.97 $653.00 $0.00 $1,242.43 $221,633.40
191 $221,633.40 $653.00 $0.00 $1,253.15 $223,539.55
192 $223,539.55 $653.00 $0.00 $1,263.93 $225,456.48
193 $225,456.48 $653.00 $0.00 $1,274.76 $227,384.24
194 $227,384.24 $653.00 $0.00 $1,285.66 $229,322.90
195 $229,322.90 $653.00 $0.00 $1,296.63 $231,272.53
196 $231,272.53 $653.00 $0.00 $1,307.65 $233,233.18
197 $233,233.18 $653.00 $0.00 $1,318.73 $235,204.91
198 $235,204.91 $653.00 $0.00 $1,329.88 $237,187.79
199 $237,187.79 $653.00 $0.00 $1,341.09 $239,181.88
200 $239,181.88 $653.00 $0.00 $1,352.37 $241,187.25
201 $241,187.25 $653.00 $0.00 $1,363.71 $243,203.96
202 $243,203.96 $653.00 $0.00 $1,375.11 $245,232.07
203 $245,232.07 $653.00 $0.00 $1,386.58 $247,271.65
204 $247,271.65 $653.00 $0.00 $1,398.11 $249,322.76
205 $249,322.76 $653.00 $0.00 $1,409.71 $251,385.47
206 $251,385.47 $653.00 $0.00 $1,421.37 $253,459.84
207 $253,459.84 $653.00 $0.00 $1,433.10 $255,545.94
208 $255,545.94 $653.00 $0.00 $1,444.89 $257,643.83
209 $257,643.83 $653.00 $0.00 $1,456.76 $259,753.59
210 $259,753.59 $653.00 $0.00 $1,468.68 $261,875.27
211 $261,875.27 $653.00 $0.00 $1,480.68 $264,008.95
212 $264,008.95 $653.00 $0.00 $1,492.74 $266,154.69
213 $266,154.69 $653.00 $0.00 $1,504.88 $268,312.57
214 $268,312.57 $653.00 $0.00 $1,517.08 $270,482.65
215 $270,482.65 $653.00 $0.00 $1,529.35 $272,665.00
216 $272,665.00 $653.00 $0.00 $1,541.69 $274,859.69
217 $274,859.69 $653.00 $76,556.96 $1,554.10 $200,509.83
218 $200,509.83 $653.00 $0.00 $1,133.71 $202,296.54
219 $202,296.54 $653.00 $0.00 $1,143.81 $204,093.35
220 $204,093.35 $653.00 $0.00 $1,153.97 $205,900.32
221 $205,900.32 $653.00 $0.00 $1,164.19 $207,717.51
222 $207,717.51 $653.00 $0.00 $1,174.47 $209,544.98
223 $209,544.98 $653.00 $0.00 $1,184.80 $211,382.78
224 $211,382.78 $653.00 $0.00 $1,195.19 $213,230.97
225 $213,230.97 $653.00 $0.00 $1,205.64 $215,089.61
226 $215,089.61 $653.00 $0.00 $1,216.15 $216,958.76
227 $216,958.76 $653.00 $0.00 $1,226.72 $218,838.48
228 $218,838.48 $653.00 $0.00 $1,237.34 $220,728.82
229 $220,728.82 $653.00 $80,384.81 $1,248.03 $142,245.04
230 $142,245.04 $653.00 $0.00 $804.27 $143,702.31
231 $143,702.31 $653.00 $0.00 $812.51 $145,167.82
232 $145,167.82 $653.00 $0.00 $820.80 $146,641.62
233 $146,641.62 $653.00 $0.00 $829.13 $148,123.75
234 $148,123.75 $653.00 $0.00 $837.51 $149,614.26
235 $149,614.26 $653.00 $0.00 $845.94 $151,113.20
236 $151,113.20 $653.00 $0.00 $854.42 $152,620.62
237 $152,620.62 $653.00 $0.00 $862.94 $154,136.56
238 $154,136.56 $653.00 $0.00 $871.51 $155,661.07
239 $155,661.07 $653.00 $0.00 $880.13 $157,194.20
240 $157,194.20 $653.00 $0.00 $888.80 $158,736.00
241 $158,736.00 $653.00 $84,404.05 $897.52 $75,882.47
242 $75,882.47 $653.00 $0.00 $429.05 $76,964.52
243 $76,964.52 $653.00 $0.00 $435.17 $78,052.69
244 $78,052.69 $653.00 $0.00 $441.32 $79,147.01
245 $79,147.01 $653.00 $0.00 $447.51 $80,247.52
246 $80,247.52 $653.00 $0.00 $453.73 $81,354.25
247 $81,354.25 $653.00 $0.00 $459.99 $82,467.24
248 $82,467.24 $653.00 $0.00 $466.28 $83,586.52
249 $83,586.52 $653.00 $0.00 $472.61 $84,712.13
250 $84,712.13 $653.00 $0.00 $478.97 $85,844.10
251 $85,844.10 $653.00 $0.00 $485.38 $86,982.48
252 $86,982.48 $653.00 $0.00 $491.81 $88,127.29
253 $88,127.29 $0.00 $88,624.26 $498.28 $1.31