Savings Plan and Future Cost Estimation for University of Toledo

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$118,185
Monthly savings required$934

How much will it cost to send your child to University of Toledo in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $472,741.27 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $934.05 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$31,502.00
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 $934.05 $0.00 $0.00 $934.05
2 $934.05 $934.05 $0.00 $5.28 $1,873.38
3 $1,873.38 $934.05 $0.00 $10.59 $2,818.02
4 $2,818.02 $934.05 $0.00 $15.93 $3,768.00
5 $3,768.00 $934.05 $0.00 $21.30 $4,723.35
6 $4,723.35 $934.05 $0.00 $26.71 $5,684.11
7 $5,684.11 $934.05 $0.00 $32.14 $6,650.30
8 $6,650.30 $934.05 $0.00 $37.60 $7,621.95
9 $7,621.95 $934.05 $0.00 $43.10 $8,599.10
10 $8,599.10 $934.05 $0.00 $48.62 $9,581.77
11 $9,581.77 $934.05 $0.00 $54.18 $10,570.00
12 $10,570.00 $934.05 $0.00 $59.76 $11,563.81
13 $11,563.81 $934.05 $0.00 $65.38 $12,563.24
14 $12,563.24 $934.05 $0.00 $71.03 $13,568.32
15 $13,568.32 $934.05 $0.00 $76.72 $14,579.09
16 $14,579.09 $934.05 $0.00 $82.43 $15,595.57
17 $15,595.57 $934.05 $0.00 $88.18 $16,617.80
18 $16,617.80 $934.05 $0.00 $93.96 $17,645.81
19 $17,645.81 $934.05 $0.00 $99.77 $18,679.63
20 $18,679.63 $934.05 $0.00 $105.62 $19,719.30
21 $19,719.30 $934.05 $0.00 $111.50 $20,764.85
22 $20,764.85 $934.05 $0.00 $117.41 $21,816.31
23 $21,816.31 $934.05 $0.00 $123.35 $22,873.71
24 $22,873.71 $934.05 $0.00 $129.33 $23,937.09
25 $23,937.09 $934.05 $0.00 $135.34 $25,006.48
26 $25,006.48 $934.05 $0.00 $141.39 $26,081.92
27 $26,081.92 $934.05 $0.00 $147.47 $27,163.44
28 $27,163.44 $934.05 $0.00 $153.59 $28,251.08
29 $28,251.08 $934.05 $0.00 $159.74 $29,344.87
30 $29,344.87 $934.05 $0.00 $165.92 $30,444.84
31 $30,444.84 $934.05 $0.00 $172.14 $31,551.03
32 $31,551.03 $934.05 $0.00 $178.39 $32,663.47
33 $32,663.47 $934.05 $0.00 $184.68 $33,782.20
34 $33,782.20 $934.05 $0.00 $191.01 $34,907.26
35 $34,907.26 $934.05 $0.00 $197.37 $36,038.68
36 $36,038.68 $934.05 $0.00 $203.77 $37,176.50
37 $37,176.50 $934.05 $0.00 $210.20 $38,320.75
38 $38,320.75 $934.05 $0.00 $216.67 $39,471.47
39 $39,471.47 $934.05 $0.00 $223.18 $40,628.70
40 $40,628.70 $934.05 $0.00 $229.72 $41,792.47
41 $41,792.47 $934.05 $0.00 $236.30 $42,962.82
42 $42,962.82 $934.05 $0.00 $242.92 $44,139.79
43 $44,139.79 $934.05 $0.00 $249.57 $45,323.41
44 $45,323.41 $934.05 $0.00 $256.27 $46,513.73
45 $46,513.73 $934.05 $0.00 $263.00 $47,710.78
46 $47,710.78 $934.05 $0.00 $269.76 $48,914.59
47 $48,914.59 $934.05 $0.00 $276.57 $50,125.21
48 $50,125.21 $934.05 $0.00 $283.42 $51,342.68
49 $51,342.68 $934.05 $0.00 $290.30 $52,567.03
50 $52,567.03 $934.05 $0.00 $297.22 $53,798.30
51 $53,798.30 $934.05 $0.00 $304.18 $55,036.53
52 $55,036.53 $934.05 $0.00 $311.18 $56,281.76
53 $56,281.76 $934.05 $0.00 $318.23 $57,534.04
54 $57,534.04 $934.05 $0.00 $325.31 $58,793.40
55 $58,793.40 $934.05 $0.00 $332.43 $60,059.88
56 $60,059.88 $934.05 $0.00 $339.59 $61,333.52
57 $61,333.52 $934.05 $0.00 $346.79 $62,614.36
58 $62,614.36 $934.05 $0.00 $354.03 $63,902.44
59 $63,902.44 $934.05 $0.00 $361.31 $65,197.80
60 $65,197.80 $934.05 $0.00 $368.64 $66,500.49
61 $66,500.49 $934.05 $0.00 $376.00 $67,810.54
62 $67,810.54 $934.05 $0.00 $383.41 $69,128.00
63 $69,128.00 $934.05 $0.00 $390.86 $70,452.91
64 $70,452.91 $934.05 $0.00 $398.35 $71,785.31
65 $71,785.31 $934.05 $0.00 $405.88 $73,125.24
66 $73,125.24 $934.05 $0.00 $413.46 $74,472.75
67 $74,472.75 $934.05 $0.00 $421.08 $75,827.88
68 $75,827.88 $934.05 $0.00 $428.74 $77,190.67
69 $77,190.67 $934.05 $0.00 $436.45 $78,561.17
70 $78,561.17 $934.05 $0.00 $444.20 $79,939.42
71 $79,939.42 $934.05 $0.00 $451.99 $81,325.46
72 $81,325.46 $934.05 $0.00 $459.83 $82,719.34
73 $82,719.34 $934.05 $0.00 $467.71 $84,121.10
74 $84,121.10 $934.05 $0.00 $475.63 $85,530.78
75 $85,530.78 $934.05 $0.00 $483.60 $86,948.43
76 $86,948.43 $934.05 $0.00 $491.62 $88,374.10
77 $88,374.10 $934.05 $0.00 $499.68 $89,807.83
78 $89,807.83 $934.05 $0.00 $507.79 $91,249.67
79 $91,249.67 $934.05 $0.00 $515.94 $92,699.66
80 $92,699.66 $934.05 $0.00 $524.14 $94,157.85
81 $94,157.85 $934.05 $0.00 $532.38 $95,624.28
82 $95,624.28 $934.05 $0.00 $540.67 $97,099.00
83 $97,099.00 $934.05 $0.00 $549.01 $98,582.06
84 $98,582.06 $934.05 $0.00 $557.40 $100,073.51
85 $100,073.51 $934.05 $0.00 $565.83 $101,573.39
86 $101,573.39 $934.05 $0.00 $574.31 $103,081.75
87 $103,081.75 $934.05 $0.00 $582.84 $104,598.64
88 $104,598.64 $934.05 $0.00 $591.42 $106,124.11
89 $106,124.11 $934.05 $0.00 $600.04 $107,658.20
90 $107,658.20 $934.05 $0.00 $608.72 $109,200.97
91 $109,200.97 $934.05 $0.00 $617.44 $110,752.46
92 $110,752.46 $934.05 $0.00 $626.21 $112,312.72
93 $112,312.72 $934.05 $0.00 $635.03 $113,881.80
94 $113,881.80 $934.05 $0.00 $643.90 $115,459.75
95 $115,459.75 $934.05 $0.00 $652.83 $117,046.63
96 $117,046.63 $934.05 $0.00 $661.80 $118,642.48
97 $118,642.48 $934.05 $0.00 $670.82 $120,247.35
98 $120,247.35 $934.05 $0.00 $679.90 $121,861.30
99 $121,861.30 $934.05 $0.00 $689.02 $123,484.37
100 $123,484.37 $934.05 $0.00 $698.20 $125,116.62
101 $125,116.62 $934.05 $0.00 $707.43 $126,758.10
102 $126,758.10 $934.05 $0.00 $716.71 $128,408.86
103 $128,408.86 $934.05 $0.00 $726.04 $130,068.95
104 $130,068.95 $934.05 $0.00 $735.43 $131,738.43
105 $131,738.43 $934.05 $0.00 $744.87 $133,417.35
106 $133,417.35 $934.05 $0.00 $754.36 $135,105.76
107 $135,105.76 $934.05 $0.00 $763.91 $136,803.72
108 $136,803.72 $934.05 $0.00 $773.51 $138,511.28
109 $138,511.28 $934.05 $0.00 $783.16 $140,228.49
110 $140,228.49 $934.05 $0.00 $792.87 $141,955.41
111 $141,955.41 $934.05 $0.00 $802.64 $143,692.10
112 $143,692.10 $934.05 $0.00 $812.46 $145,438.61
113 $145,438.61 $934.05 $0.00 $822.33 $147,194.99
114 $147,194.99 $934.05 $0.00 $832.26 $148,961.30
115 $148,961.30 $934.05 $0.00 $842.25 $150,737.60
116 $150,737.60 $934.05 $0.00 $852.29 $152,523.94
117 $152,523.94 $934.05 $0.00 $862.39 $154,320.38
118 $154,320.38 $934.05 $0.00 $872.55 $156,126.98
119 $156,126.98 $934.05 $0.00 $882.76 $157,943.79
120 $157,943.79 $934.05 $0.00 $893.04 $159,770.88
121 $159,770.88 $934.05 $0.00 $903.37 $161,608.30
122 $161,608.30 $934.05 $0.00 $913.76 $163,456.11
123 $163,456.11 $934.05 $0.00 $924.20 $165,314.36
124 $165,314.36 $934.05 $0.00 $934.71 $167,183.12
125 $167,183.12 $934.05 $0.00 $945.28 $169,062.45
126 $169,062.45 $934.05 $0.00 $955.90 $170,952.40
127 $170,952.40 $934.05 $0.00 $966.59 $172,853.04
128 $172,853.04 $934.05 $0.00 $977.34 $174,764.43
129 $174,764.43 $934.05 $0.00 $988.14 $176,686.62
130 $176,686.62 $934.05 $0.00 $999.01 $178,619.68
131 $178,619.68 $934.05 $0.00 $1,009.94 $180,563.67
132 $180,563.67 $934.05 $0.00 $1,020.93 $182,518.65
133 $182,518.65 $934.05 $0.00 $1,031.99 $184,484.69
134 $184,484.69 $934.05 $0.00 $1,043.10 $186,461.84
135 $186,461.84 $934.05 $0.00 $1,054.28 $188,450.17
136 $188,450.17 $934.05 $0.00 $1,065.52 $190,449.74
137 $190,449.74 $934.05 $0.00 $1,076.83 $192,460.62
138 $192,460.62 $934.05 $0.00 $1,088.20 $194,482.87
139 $194,482.87 $934.05 $0.00 $1,099.63 $196,516.55
140 $196,516.55 $934.05 $0.00 $1,111.13 $198,561.73
141 $198,561.73 $934.05 $0.00 $1,122.70 $200,618.48
142 $200,618.48 $934.05 $0.00 $1,134.33 $202,686.86
143 $202,686.86 $934.05 $0.00 $1,146.02 $204,766.93
144 $204,766.93 $934.05 $0.00 $1,157.78 $206,858.76
145 $206,858.76 $934.05 $0.00 $1,169.61 $208,962.42
146 $208,962.42 $934.05 $0.00 $1,181.50 $211,077.97
147 $211,077.97 $934.05 $0.00 $1,193.47 $213,205.49
148 $213,205.49 $934.05 $0.00 $1,205.49 $215,345.03
149 $215,345.03 $934.05 $0.00 $1,217.59 $217,496.67
150 $217,496.67 $934.05 $0.00 $1,229.76 $219,660.48
151 $219,660.48 $934.05 $0.00 $1,241.99 $221,836.52
152 $221,836.52 $934.05 $0.00 $1,254.30 $224,024.87
153 $224,024.87 $934.05 $0.00 $1,266.67 $226,225.59
154 $226,225.59 $934.05 $0.00 $1,279.11 $228,438.75
155 $228,438.75 $934.05 $0.00 $1,291.63 $230,664.43
156 $230,664.43 $934.05 $0.00 $1,304.21 $232,902.69
157 $232,902.69 $934.05 $0.00 $1,316.87 $235,153.61
158 $235,153.61 $934.05 $0.00 $1,329.59 $237,417.25
159 $237,417.25 $934.05 $0.00 $1,342.39 $239,693.69
160 $239,693.69 $934.05 $0.00 $1,355.26 $241,983.00
161 $241,983.00 $934.05 $0.00 $1,368.21 $244,285.26
162 $244,285.26 $934.05 $0.00 $1,381.22 $246,600.53
163 $246,600.53 $934.05 $0.00 $1,394.32 $248,928.90
164 $248,928.90 $934.05 $0.00 $1,407.48 $251,270.43
165 $251,270.43 $934.05 $0.00 $1,420.72 $253,625.20
166 $253,625.20 $934.05 $0.00 $1,434.03 $255,993.28
167 $255,993.28 $934.05 $0.00 $1,447.42 $258,374.75
168 $258,374.75 $934.05 $0.00 $1,460.89 $260,769.69
169 $260,769.69 $934.05 $0.00 $1,474.43 $263,178.17
170 $263,178.17 $934.05 $0.00 $1,488.05 $265,600.27
171 $265,600.27 $934.05 $0.00 $1,501.74 $268,036.06
172 $268,036.06 $934.05 $0.00 $1,515.51 $270,485.62
173 $270,485.62 $934.05 $0.00 $1,529.37 $272,949.04
174 $272,949.04 $934.05 $0.00 $1,543.29 $275,426.38
175 $275,426.38 $934.05 $0.00 $1,557.30 $277,917.73
176 $277,917.73 $934.05 $0.00 $1,571.39 $280,423.17
177 $280,423.17 $934.05 $0.00 $1,585.55 $282,942.77
178 $282,942.77 $934.05 $0.00 $1,599.80 $285,476.62
179 $285,476.62 $934.05 $0.00 $1,614.13 $288,024.80
180 $288,024.80 $934.05 $0.00 $1,628.53 $290,587.38
181 $290,587.38 $934.05 $0.00 $1,643.02 $293,164.45
182 $293,164.45 $934.05 $0.00 $1,657.59 $295,756.09
183 $295,756.09 $934.05 $0.00 $1,672.25 $298,362.39
184 $298,362.39 $934.05 $0.00 $1,686.98 $300,983.42
185 $300,983.42 $934.05 $0.00 $1,701.80 $303,619.27
186 $303,619.27 $934.05 $0.00 $1,716.71 $306,270.03
187 $306,270.03 $934.05 $0.00 $1,731.70 $308,935.78
188 $308,935.78 $934.05 $0.00 $1,746.77 $311,616.60
189 $311,616.60 $934.05 $0.00 $1,761.93 $314,312.58
190 $314,312.58 $934.05 $0.00 $1,777.17 $317,023.80
191 $317,023.80 $934.05 $0.00 $1,792.50 $319,750.35
192 $319,750.35 $934.05 $0.00 $1,807.91 $322,492.31
193 $322,492.31 $934.05 $0.00 $1,823.42 $325,249.78
194 $325,249.78 $934.05 $0.00 $1,839.01 $328,022.84
195 $328,022.84 $934.05 $0.00 $1,854.69 $330,811.58
196 $330,811.58 $934.05 $0.00 $1,870.46 $333,616.09
197 $333,616.09 $934.05 $0.00 $1,886.31 $336,436.45
198 $336,436.45 $934.05 $0.00 $1,902.26 $339,272.76
199 $339,272.76 $934.05 $0.00 $1,918.30 $342,125.11
200 $342,125.11 $934.05 $0.00 $1,934.43 $344,993.59
201 $344,993.59 $934.05 $0.00 $1,950.64 $347,878.28
202 $347,878.28 $934.05 $0.00 $1,966.95 $350,779.28
203 $350,779.28 $934.05 $0.00 $1,983.36 $353,696.69
204 $353,696.69 $934.05 $0.00 $1,999.85 $356,630.59
205 $356,630.59 $934.05 $0.00 $2,016.44 $359,581.08
206 $359,581.08 $934.05 $0.00 $2,033.12 $362,548.25
207 $362,548.25 $934.05 $0.00 $2,049.90 $365,532.20
208 $365,532.20 $934.05 $0.00 $2,066.77 $368,533.02
209 $368,533.02 $934.05 $0.00 $2,083.74 $371,550.81
210 $371,550.81 $934.05 $0.00 $2,100.80 $374,585.66
211 $374,585.66 $934.05 $0.00 $2,117.96 $377,637.67
212 $377,637.67 $934.05 $0.00 $2,135.22 $380,706.94
213 $380,706.94 $934.05 $0.00 $2,152.57 $383,793.56
214 $383,793.56 $934.05 $0.00 $2,170.02 $386,897.63
215 $386,897.63 $934.05 $0.00 $2,187.58 $390,019.26
216 $390,019.26 $934.05 $0.00 $2,205.23 $393,158.54
217 $393,158.54 $934.05 $106,474.63 $2,222.98 $289,840.94
218 $289,840.94 $934.05 $0.00 $1,638.80 $292,413.79
219 $292,413.79 $934.05 $0.00 $1,653.35 $295,001.19
220 $295,001.19 $934.05 $0.00 $1,667.98 $297,603.22
221 $297,603.22 $934.05 $0.00 $1,682.69 $300,219.96
222 $300,219.96 $934.05 $0.00 $1,697.49 $302,851.50
223 $302,851.50 $934.05 $0.00 $1,712.37 $305,497.92
224 $305,497.92 $934.05 $0.00 $1,727.33 $308,159.30
225 $308,159.30 $934.05 $0.00 $1,742.38 $310,835.73
226 $310,835.73 $934.05 $0.00 $1,757.51 $313,527.29
227 $313,527.29 $934.05 $0.00 $1,772.73 $316,234.07
228 $316,234.07 $934.05 $0.00 $1,788.03 $318,956.15
229 $318,956.15 $934.05 $113,927.85 $1,803.42 $207,765.77
230 $207,765.77 $934.05 $0.00 $1,174.74 $209,874.56
231 $209,874.56 $934.05 $0.00 $1,186.66 $211,995.27
232 $211,995.27 $934.05 $0.00 $1,198.65 $214,127.97
233 $214,127.97 $934.05 $0.00 $1,210.71 $216,272.73
234 $216,272.73 $934.05 $0.00 $1,222.84 $218,429.62
235 $218,429.62 $934.05 $0.00 $1,235.03 $220,598.70
236 $220,598.70 $934.05 $0.00 $1,247.30 $222,780.05
237 $222,780.05 $934.05 $0.00 $1,259.63 $224,973.73
238 $224,973.73 $934.05 $0.00 $1,272.03 $227,179.81
239 $227,179.81 $934.05 $0.00 $1,284.51 $229,398.37
240 $229,398.37 $934.05 $0.00 $1,297.05 $231,629.47
241 $231,629.47 $934.05 $121,902.80 $1,309.67 $111,970.39
242 $111,970.39 $934.05 $0.00 $633.10 $113,537.54
243 $113,537.54 $934.05 $0.00 $641.96 $115,113.55
244 $115,113.55 $934.05 $0.00 $650.87 $116,698.47
245 $116,698.47 $934.05 $0.00 $659.83 $118,292.35
246 $118,292.35 $934.05 $0.00 $668.84 $119,895.24
247 $119,895.24 $934.05 $0.00 $677.91 $121,507.20
248 $121,507.20 $934.05 $0.00 $687.02 $123,128.27
249 $123,128.27 $934.05 $0.00 $696.19 $124,758.51
250 $124,758.51 $934.05 $0.00 $705.40 $126,397.96
251 $126,397.96 $934.05 $0.00 $714.67 $128,046.68
252 $128,046.68 $934.05 $0.00 $723.99 $129,704.72
253 $129,704.72 $0.00 $130,436.00 $733.37 $2.09