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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$109,000
Monthly savings required$863

How much will it cost to send your child to University of Rio Grande in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $436,001.15 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $862.82 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$42,033.00
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 $862.82 $0.00 $0.00 $862.82
2 $862.82 $862.82 $0.00 $4.88 $1,730.52
3 $1,730.52 $862.82 $0.00 $9.78 $2,603.12
4 $2,603.12 $862.82 $0.00 $14.72 $3,480.66
5 $3,480.66 $862.82 $0.00 $19.68 $4,363.16
6 $4,363.16 $862.82 $0.00 $24.67 $5,250.65
7 $5,250.65 $862.82 $0.00 $29.69 $6,143.16
8 $6,143.16 $862.82 $0.00 $34.73 $7,040.71
9 $7,040.71 $862.82 $0.00 $39.81 $7,943.34
10 $7,943.34 $862.82 $0.00 $44.91 $8,851.07
11 $8,851.07 $862.82 $0.00 $50.05 $9,763.94
12 $9,763.94 $862.82 $0.00 $55.21 $10,681.97
13 $10,681.97 $862.82 $0.00 $60.40 $11,605.19
14 $11,605.19 $862.82 $0.00 $65.62 $12,533.63
15 $12,533.63 $862.82 $0.00 $70.87 $13,467.32
16 $13,467.32 $862.82 $0.00 $76.15 $14,406.29
17 $14,406.29 $862.82 $0.00 $81.46 $15,350.57
18 $15,350.57 $862.82 $0.00 $86.79 $16,300.18
19 $16,300.18 $862.82 $0.00 $92.16 $17,255.16
20 $17,255.16 $862.82 $0.00 $97.56 $18,215.54
21 $18,215.54 $862.82 $0.00 $102.99 $19,181.35
22 $19,181.35 $862.82 $0.00 $108.45 $20,152.62
23 $20,152.62 $862.82 $0.00 $113.95 $21,129.39
24 $21,129.39 $862.82 $0.00 $119.47 $22,111.68
25 $22,111.68 $862.82 $0.00 $125.02 $23,099.52
26 $23,099.52 $862.82 $0.00 $130.61 $24,092.95
27 $24,092.95 $862.82 $0.00 $136.23 $25,092.00
28 $25,092.00 $862.82 $0.00 $141.87 $26,096.69
29 $26,096.69 $862.82 $0.00 $147.55 $27,107.06
30 $27,107.06 $862.82 $0.00 $153.27 $28,123.15
31 $28,123.15 $862.82 $0.00 $159.01 $29,144.98
32 $29,144.98 $862.82 $0.00 $164.79 $30,172.59
33 $30,172.59 $862.82 $0.00 $170.60 $31,206.01
34 $31,206.01 $862.82 $0.00 $176.44 $32,245.27
35 $32,245.27 $862.82 $0.00 $182.32 $33,290.41
36 $33,290.41 $862.82 $0.00 $188.23 $34,341.46
37 $34,341.46 $862.82 $0.00 $194.17 $35,398.45
38 $35,398.45 $862.82 $0.00 $200.15 $36,461.42
39 $36,461.42 $862.82 $0.00 $206.16 $37,530.40
40 $37,530.40 $862.82 $0.00 $212.20 $38,605.42
41 $38,605.42 $862.82 $0.00 $218.28 $39,686.52
42 $39,686.52 $862.82 $0.00 $224.39 $40,773.73
43 $40,773.73 $862.82 $0.00 $230.54 $41,867.09
44 $41,867.09 $862.82 $0.00 $236.72 $42,966.63
45 $42,966.63 $862.82 $0.00 $242.94 $44,072.39
46 $44,072.39 $862.82 $0.00 $249.19 $45,184.40
47 $45,184.40 $862.82 $0.00 $255.48 $46,302.70
48 $46,302.70 $862.82 $0.00 $261.80 $47,427.32
49 $47,427.32 $862.82 $0.00 $268.16 $48,558.30
50 $48,558.30 $862.82 $0.00 $274.56 $49,695.68
51 $49,695.68 $862.82 $0.00 $280.99 $50,839.49
52 $50,839.49 $862.82 $0.00 $287.45 $51,989.76
53 $51,989.76 $862.82 $0.00 $293.96 $53,146.54
54 $53,146.54 $862.82 $0.00 $300.50 $54,309.86
55 $54,309.86 $862.82 $0.00 $307.08 $55,479.76
56 $55,479.76 $862.82 $0.00 $313.69 $56,656.27
57 $56,656.27 $862.82 $0.00 $320.34 $57,839.43
58 $57,839.43 $862.82 $0.00 $327.03 $59,029.28
59 $59,029.28 $862.82 $0.00 $333.76 $60,225.86
60 $60,225.86 $862.82 $0.00 $340.53 $61,429.21
61 $61,429.21 $862.82 $0.00 $347.33 $62,639.36
62 $62,639.36 $862.82 $0.00 $354.17 $63,856.35
63 $63,856.35 $862.82 $0.00 $361.05 $65,080.22
64 $65,080.22 $862.82 $0.00 $367.97 $66,311.01
65 $66,311.01 $862.82 $0.00 $374.93 $67,548.76
66 $67,548.76 $862.82 $0.00 $381.93 $68,793.51
67 $68,793.51 $862.82 $0.00 $388.97 $70,045.30
68 $70,045.30 $862.82 $0.00 $396.05 $71,304.17
69 $71,304.17 $862.82 $0.00 $403.16 $72,570.15
70 $72,570.15 $862.82 $0.00 $410.32 $73,843.29
71 $73,843.29 $862.82 $0.00 $417.52 $75,123.63
72 $75,123.63 $862.82 $0.00 $424.76 $76,411.21
73 $76,411.21 $862.82 $0.00 $432.04 $77,706.07
74 $77,706.07 $862.82 $0.00 $439.36 $79,008.25
75 $79,008.25 $862.82 $0.00 $446.72 $80,317.79
76 $80,317.79 $862.82 $0.00 $454.13 $81,634.74
77 $81,634.74 $862.82 $0.00 $461.57 $82,959.13
78 $82,959.13 $862.82 $0.00 $469.06 $84,291.01
79 $84,291.01 $862.82 $0.00 $476.59 $85,630.42
80 $85,630.42 $862.82 $0.00 $484.17 $86,977.41
81 $86,977.41 $862.82 $0.00 $491.78 $88,332.01
82 $88,332.01 $862.82 $0.00 $499.44 $89,694.27
83 $89,694.27 $862.82 $0.00 $507.14 $91,064.23
84 $91,064.23 $862.82 $0.00 $514.89 $92,441.94
85 $92,441.94 $862.82 $0.00 $522.68 $93,827.44
86 $93,827.44 $862.82 $0.00 $530.51 $95,220.77
87 $95,220.77 $862.82 $0.00 $538.39 $96,621.98
88 $96,621.98 $862.82 $0.00 $546.31 $98,031.11
89 $98,031.11 $862.82 $0.00 $554.28 $99,448.21
90 $99,448.21 $862.82 $0.00 $562.29 $100,873.32
91 $100,873.32 $862.82 $0.00 $570.35 $102,306.49
92 $102,306.49 $862.82 $0.00 $578.46 $103,747.77
93 $103,747.77 $862.82 $0.00 $586.60 $105,197.19
94 $105,197.19 $862.82 $0.00 $594.80 $106,654.81
95 $106,654.81 $862.82 $0.00 $603.04 $108,120.67
96 $108,120.67 $862.82 $0.00 $611.33 $109,594.82
97 $109,594.82 $862.82 $0.00 $619.67 $111,077.31
98 $111,077.31 $862.82 $0.00 $628.05 $112,568.18
99 $112,568.18 $862.82 $0.00 $636.48 $114,067.48
100 $114,067.48 $862.82 $0.00 $644.95 $115,575.25
101 $115,575.25 $862.82 $0.00 $653.48 $117,091.55
102 $117,091.55 $862.82 $0.00 $662.05 $118,616.42
103 $118,616.42 $862.82 $0.00 $670.67 $120,149.91
104 $120,149.91 $862.82 $0.00 $679.35 $121,692.08
105 $121,692.08 $862.82 $0.00 $688.06 $123,242.96
106 $123,242.96 $862.82 $0.00 $696.83 $124,802.61
107 $124,802.61 $862.82 $0.00 $705.65 $126,371.08
108 $126,371.08 $862.82 $0.00 $714.52 $127,948.42
109 $127,948.42 $862.82 $0.00 $723.44 $129,534.68
110 $129,534.68 $862.82 $0.00 $732.41 $131,129.91
111 $131,129.91 $862.82 $0.00 $741.43 $132,734.16
112 $132,734.16 $862.82 $0.00 $750.50 $134,347.48
113 $134,347.48 $862.82 $0.00 $759.62 $135,969.92
114 $135,969.92 $862.82 $0.00 $768.79 $137,601.53
115 $137,601.53 $862.82 $0.00 $778.02 $139,242.37
116 $139,242.37 $862.82 $0.00 $787.30 $140,892.49
117 $140,892.49 $862.82 $0.00 $796.63 $142,551.94
118 $142,551.94 $862.82 $0.00 $806.01 $144,220.77
119 $144,220.77 $862.82 $0.00 $815.45 $145,899.04
120 $145,899.04 $862.82 $0.00 $824.93 $147,586.79
121 $147,586.79 $862.82 $0.00 $834.48 $149,284.09
122 $149,284.09 $862.82 $0.00 $844.07 $150,990.98
123 $150,990.98 $862.82 $0.00 $853.72 $152,707.52
124 $152,707.52 $862.82 $0.00 $863.43 $154,433.77
125 $154,433.77 $862.82 $0.00 $873.19 $156,169.78
126 $156,169.78 $862.82 $0.00 $883.01 $157,915.61
127 $157,915.61 $862.82 $0.00 $892.88 $159,671.31
128 $159,671.31 $862.82 $0.00 $902.80 $161,436.93
129 $161,436.93 $862.82 $0.00 $912.79 $163,212.54
130 $163,212.54 $862.82 $0.00 $922.83 $164,998.19
131 $164,998.19 $862.82 $0.00 $932.92 $166,793.93
132 $166,793.93 $862.82 $0.00 $943.08 $168,599.83
133 $168,599.83 $862.82 $0.00 $953.29 $170,415.94
134 $170,415.94 $862.82 $0.00 $963.56 $172,242.32
135 $172,242.32 $862.82 $0.00 $973.88 $174,079.02
136 $174,079.02 $862.82 $0.00 $984.27 $175,926.11
137 $175,926.11 $862.82 $0.00 $994.71 $177,783.64
138 $177,783.64 $862.82 $0.00 $1,005.21 $179,651.67
139 $179,651.67 $862.82 $0.00 $1,015.78 $181,530.27
140 $181,530.27 $862.82 $0.00 $1,026.40 $183,419.49
141 $183,419.49 $862.82 $0.00 $1,037.08 $185,319.39
142 $185,319.39 $862.82 $0.00 $1,047.82 $187,230.03
143 $187,230.03 $862.82 $0.00 $1,058.63 $189,151.48
144 $189,151.48 $862.82 $0.00 $1,069.49 $191,083.79
145 $191,083.79 $862.82 $0.00 $1,080.42 $193,027.03
146 $193,027.03 $862.82 $0.00 $1,091.40 $194,981.25
147 $194,981.25 $862.82 $0.00 $1,102.45 $196,946.52
148 $196,946.52 $862.82 $0.00 $1,113.56 $198,922.90
149 $198,922.90 $862.82 $0.00 $1,124.74 $200,910.46
150 $200,910.46 $862.82 $0.00 $1,135.98 $202,909.26
151 $202,909.26 $862.82 $0.00 $1,147.28 $204,919.36
152 $204,919.36 $862.82 $0.00 $1,158.64 $206,940.82
153 $206,940.82 $862.82 $0.00 $1,170.07 $208,973.71
154 $208,973.71 $862.82 $0.00 $1,181.57 $211,018.10
155 $211,018.10 $862.82 $0.00 $1,193.13 $213,074.05
156 $213,074.05 $862.82 $0.00 $1,204.75 $215,141.62
157 $215,141.62 $862.82 $0.00 $1,216.44 $217,220.88
158 $217,220.88 $862.82 $0.00 $1,228.20 $219,311.90
159 $219,311.90 $862.82 $0.00 $1,240.02 $221,414.74
160 $221,414.74 $862.82 $0.00 $1,251.91 $223,529.47
161 $223,529.47 $862.82 $0.00 $1,263.87 $225,656.16
162 $225,656.16 $862.82 $0.00 $1,275.89 $227,794.87
163 $227,794.87 $862.82 $0.00 $1,287.99 $229,945.68
164 $229,945.68 $862.82 $0.00 $1,300.15 $232,108.65
165 $232,108.65 $862.82 $0.00 $1,312.38 $234,283.85
166 $234,283.85 $862.82 $0.00 $1,324.67 $236,471.34
167 $236,471.34 $862.82 $0.00 $1,337.04 $238,671.20
168 $238,671.20 $862.82 $0.00 $1,349.48 $240,883.50
169 $240,883.50 $862.82 $0.00 $1,361.99 $243,108.31
170 $243,108.31 $862.82 $0.00 $1,374.57 $245,345.70
171 $245,345.70 $862.82 $0.00 $1,387.22 $247,595.74
172 $247,595.74 $862.82 $0.00 $1,399.94 $249,858.50
173 $249,858.50 $862.82 $0.00 $1,412.74 $252,134.06
174 $252,134.06 $862.82 $0.00 $1,425.60 $254,422.48
175 $254,422.48 $862.82 $0.00 $1,438.54 $256,723.84
176 $256,723.84 $862.82 $0.00 $1,451.55 $259,038.21
177 $259,038.21 $862.82 $0.00 $1,464.64 $261,365.67
178 $261,365.67 $862.82 $0.00 $1,477.80 $263,706.29
179 $263,706.29 $862.82 $0.00 $1,491.03 $266,060.14
180 $266,060.14 $862.82 $0.00 $1,504.34 $268,427.30
181 $268,427.30 $862.82 $0.00 $1,517.73 $270,807.85
182 $270,807.85 $862.82 $0.00 $1,531.19 $273,201.86
183 $273,201.86 $862.82 $0.00 $1,544.72 $275,609.40
184 $275,609.40 $862.82 $0.00 $1,558.34 $278,030.56
185 $278,030.56 $862.82 $0.00 $1,572.03 $280,465.41
186 $280,465.41 $862.82 $0.00 $1,585.79 $282,914.02
187 $282,914.02 $862.82 $0.00 $1,599.64 $285,376.48
188 $285,376.48 $862.82 $0.00 $1,613.56 $287,852.86
189 $287,852.86 $862.82 $0.00 $1,627.56 $290,343.24
190 $290,343.24 $862.82 $0.00 $1,641.64 $292,847.70
191 $292,847.70 $862.82 $0.00 $1,655.80 $295,366.32
192 $295,366.32 $862.82 $0.00 $1,670.04 $297,899.18
193 $297,899.18 $862.82 $0.00 $1,684.37 $300,446.37
194 $300,446.37 $862.82 $0.00 $1,698.77 $303,007.96
195 $303,007.96 $862.82 $0.00 $1,713.25 $305,584.03
196 $305,584.03 $862.82 $0.00 $1,727.82 $308,174.67
197 $308,174.67 $862.82 $0.00 $1,742.46 $310,779.95
198 $310,779.95 $862.82 $0.00 $1,757.20 $313,399.97
199 $313,399.97 $862.82 $0.00 $1,772.01 $316,034.80
200 $316,034.80 $862.82 $0.00 $1,786.91 $318,684.53
201 $318,684.53 $862.82 $0.00 $1,801.89 $321,349.24
202 $321,349.24 $862.82 $0.00 $1,816.96 $324,029.02
203 $324,029.02 $862.82 $0.00 $1,832.11 $326,723.95
204 $326,723.95 $862.82 $0.00 $1,847.34 $329,434.11
205 $329,434.11 $862.82 $0.00 $1,862.67 $332,159.60
206 $332,159.60 $862.82 $0.00 $1,878.08 $334,900.50
207 $334,900.50 $862.82 $0.00 $1,893.58 $337,656.90
208 $337,656.90 $862.82 $0.00 $1,909.16 $340,428.88
209 $340,428.88 $862.82 $0.00 $1,924.83 $343,216.53
210 $343,216.53 $862.82 $0.00 $1,940.60 $346,019.95
211 $346,019.95 $862.82 $0.00 $1,956.45 $348,839.22
212 $348,839.22 $862.82 $0.00 $1,972.39 $351,674.43
213 $351,674.43 $862.82 $0.00 $1,988.42 $354,525.67
214 $354,525.67 $862.82 $0.00 $2,004.54 $357,393.03
215 $357,393.03 $862.82 $0.00 $2,020.75 $360,276.60
216 $360,276.60 $862.82 $0.00 $2,037.06 $363,176.48
217 $363,176.48 $862.82 $101,157.43 $2,053.45 $264,935.32
218 $264,935.32 $862.82 $0.00 $1,497.98 $267,296.12
219 $267,296.12 $862.82 $0.00 $1,511.33 $269,670.27
220 $269,670.27 $862.82 $0.00 $1,524.75 $272,057.84
221 $272,057.84 $862.82 $0.00 $1,538.25 $274,458.91
222 $274,458.91 $862.82 $0.00 $1,551.83 $276,873.56
223 $276,873.56 $862.82 $0.00 $1,565.48 $279,301.86
224 $279,301.86 $862.82 $0.00 $1,579.21 $281,743.89
225 $281,743.89 $862.82 $0.00 $1,593.02 $284,199.73
226 $284,199.73 $862.82 $0.00 $1,606.91 $286,669.46
227 $286,669.46 $862.82 $0.00 $1,620.87 $289,153.15
228 $289,153.15 $862.82 $0.00 $1,634.91 $291,650.88
229 $291,650.88 $862.82 $106,215.30 $1,649.04 $187,947.44
230 $187,947.44 $862.82 $0.00 $1,062.68 $189,872.94
231 $189,872.94 $862.82 $0.00 $1,073.57 $191,809.33
232 $191,809.33 $862.82 $0.00 $1,084.52 $193,756.67
233 $193,756.67 $862.82 $0.00 $1,095.53 $195,715.02
234 $195,715.02 $862.82 $0.00 $1,106.60 $197,684.44
235 $197,684.44 $862.82 $0.00 $1,117.74 $199,665.00
236 $199,665.00 $862.82 $0.00 $1,128.93 $201,656.75
237 $201,656.75 $862.82 $0.00 $1,140.20 $203,659.77
238 $203,659.77 $862.82 $0.00 $1,151.52 $205,674.11
239 $205,674.11 $862.82 $0.00 $1,162.91 $207,699.84
240 $207,699.84 $862.82 $0.00 $1,174.37 $209,737.03
241 $209,737.03 $862.82 $111,526.06 $1,185.88 $100,259.67
242 $100,259.67 $862.82 $0.00 $566.88 $101,689.37
243 $101,689.37 $862.82 $0.00 $574.97 $103,127.16
244 $103,127.16 $862.82 $0.00 $583.10 $104,573.08
245 $104,573.08 $862.82 $0.00 $591.27 $106,027.17
246 $106,027.17 $862.82 $0.00 $599.49 $107,489.48
247 $107,489.48 $862.82 $0.00 $607.76 $108,960.06
248 $108,960.06 $862.82 $0.00 $616.08 $110,438.96
249 $110,438.96 $862.82 $0.00 $624.44 $111,926.22
250 $111,926.22 $862.82 $0.00 $632.85 $113,421.89
251 $113,421.89 $862.82 $0.00 $641.30 $114,926.01
252 $114,926.01 $862.82 $0.00 $649.81 $116,438.64
253 $116,438.64 $0.00 $117,102.37 $658.36 ($5.37)