Savings Plan and Future Cost Estimation for Fairmont State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$78,898
Monthly savings required$624

How much will it cost to send your child to Fairmont State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $315,591.04 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $623.55 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$21,030.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $623.55 $0.00 $0.00 $623.55
2 $623.55 $623.55 $0.00 $3.53 $1,250.63
3 $1,250.63 $623.55 $0.00 $7.07 $1,881.25
4 $1,881.25 $623.55 $0.00 $10.64 $2,515.44
5 $2,515.44 $623.55 $0.00 $14.22 $3,153.21
6 $3,153.21 $623.55 $0.00 $17.83 $3,794.59
7 $3,794.59 $623.55 $0.00 $21.46 $4,439.60
8 $4,439.60 $623.55 $0.00 $25.10 $5,088.25
9 $5,088.25 $623.55 $0.00 $28.77 $5,740.57
10 $5,740.57 $623.55 $0.00 $32.46 $6,396.58
11 $6,396.58 $623.55 $0.00 $36.17 $7,056.30
12 $7,056.30 $623.55 $0.00 $39.90 $7,719.75
13 $7,719.75 $623.55 $0.00 $43.65 $8,386.95
14 $8,386.95 $623.55 $0.00 $47.42 $9,057.92
15 $9,057.92 $623.55 $0.00 $51.21 $9,732.68
16 $9,732.68 $623.55 $0.00 $55.03 $10,411.26
17 $10,411.26 $623.55 $0.00 $58.87 $11,093.68
18 $11,093.68 $623.55 $0.00 $62.73 $11,779.96
19 $11,779.96 $623.55 $0.00 $66.61 $12,470.12
20 $12,470.12 $623.55 $0.00 $70.51 $13,164.18
21 $13,164.18 $623.55 $0.00 $74.43 $13,862.16
22 $13,862.16 $623.55 $0.00 $78.38 $14,564.09
23 $14,564.09 $623.55 $0.00 $82.35 $15,269.99
24 $15,269.99 $623.55 $0.00 $86.34 $15,979.88
25 $15,979.88 $623.55 $0.00 $90.35 $16,693.78
26 $16,693.78 $623.55 $0.00 $94.39 $17,411.72
27 $17,411.72 $623.55 $0.00 $98.45 $18,133.72
28 $18,133.72 $623.55 $0.00 $102.53 $18,859.80
29 $18,859.80 $623.55 $0.00 $106.64 $19,589.99
30 $19,589.99 $623.55 $0.00 $110.76 $20,324.30
31 $20,324.30 $623.55 $0.00 $114.92 $21,062.77
32 $21,062.77 $623.55 $0.00 $119.09 $21,805.41
33 $21,805.41 $623.55 $0.00 $123.29 $22,552.25
34 $22,552.25 $623.55 $0.00 $127.51 $23,303.31
35 $23,303.31 $623.55 $0.00 $131.76 $24,058.62
36 $24,058.62 $623.55 $0.00 $136.03 $24,818.20
37 $24,818.20 $623.55 $0.00 $140.33 $25,582.08
38 $25,582.08 $623.55 $0.00 $144.64 $26,350.27
39 $26,350.27 $623.55 $0.00 $148.99 $27,122.81
40 $27,122.81 $623.55 $0.00 $153.36 $27,899.72
41 $27,899.72 $623.55 $0.00 $157.75 $28,681.02
42 $28,681.02 $623.55 $0.00 $162.17 $29,466.74
43 $29,466.74 $623.55 $0.00 $166.61 $30,256.90
44 $30,256.90 $623.55 $0.00 $171.08 $31,051.53
45 $31,051.53 $623.55 $0.00 $175.57 $31,850.65
46 $31,850.65 $623.55 $0.00 $180.09 $32,654.29
47 $32,654.29 $623.55 $0.00 $184.63 $33,462.47
48 $33,462.47 $623.55 $0.00 $189.20 $34,275.22
49 $34,275.22 $623.55 $0.00 $193.80 $35,092.57
50 $35,092.57 $623.55 $0.00 $198.42 $35,914.54
51 $35,914.54 $623.55 $0.00 $203.07 $36,741.16
52 $36,741.16 $623.55 $0.00 $207.74 $37,572.45
53 $37,572.45 $623.55 $0.00 $212.44 $38,408.44
54 $38,408.44 $623.55 $0.00 $217.17 $39,249.16
55 $39,249.16 $623.55 $0.00 $221.92 $40,094.63
56 $40,094.63 $623.55 $0.00 $226.70 $40,944.88
57 $40,944.88 $623.55 $0.00 $231.51 $41,799.94
58 $41,799.94 $623.55 $0.00 $236.34 $42,659.83
59 $42,659.83 $623.55 $0.00 $241.20 $43,524.58
60 $43,524.58 $623.55 $0.00 $246.09 $44,394.22
61 $44,394.22 $623.55 $0.00 $251.01 $45,268.78
62 $45,268.78 $623.55 $0.00 $255.96 $46,148.29
63 $46,148.29 $623.55 $0.00 $260.93 $47,032.77
64 $47,032.77 $623.55 $0.00 $265.93 $47,922.25
65 $47,922.25 $623.55 $0.00 $270.96 $48,816.76
66 $48,816.76 $623.55 $0.00 $276.02 $49,716.33
67 $49,716.33 $623.55 $0.00 $281.10 $50,620.98
68 $50,620.98 $623.55 $0.00 $286.22 $51,530.75
69 $51,530.75 $623.55 $0.00 $291.36 $52,445.66
70 $52,445.66 $623.55 $0.00 $296.54 $53,365.75
71 $53,365.75 $623.55 $0.00 $301.74 $54,291.04
72 $54,291.04 $623.55 $0.00 $306.97 $55,221.56
73 $55,221.56 $623.55 $0.00 $312.23 $56,157.34
74 $56,157.34 $623.55 $0.00 $317.52 $57,098.41
75 $57,098.41 $623.55 $0.00 $322.84 $58,044.80
76 $58,044.80 $623.55 $0.00 $328.19 $58,996.54
77 $58,996.54 $623.55 $0.00 $333.58 $59,953.67
78 $59,953.67 $623.55 $0.00 $338.99 $60,916.21
79 $60,916.21 $623.55 $0.00 $344.43 $61,884.19
80 $61,884.19 $623.55 $0.00 $349.90 $62,857.64
81 $62,857.64 $623.55 $0.00 $355.41 $63,836.60
82 $63,836.60 $623.55 $0.00 $360.94 $64,821.09
83 $64,821.09 $623.55 $0.00 $366.51 $65,811.15
84 $65,811.15 $623.55 $0.00 $372.11 $66,806.81
85 $66,806.81 $623.55 $0.00 $377.74 $67,808.10
86 $67,808.10 $623.55 $0.00 $383.40 $68,815.05
87 $68,815.05 $623.55 $0.00 $389.09 $69,827.69
88 $69,827.69 $623.55 $0.00 $394.82 $70,846.06
89 $70,846.06 $623.55 $0.00 $400.57 $71,870.18
90 $71,870.18 $623.55 $0.00 $406.36 $72,900.09
91 $72,900.09 $623.55 $0.00 $412.19 $73,935.83
92 $73,935.83 $623.55 $0.00 $418.04 $74,977.42
93 $74,977.42 $623.55 $0.00 $423.93 $76,024.90
94 $76,024.90 $623.55 $0.00 $429.86 $77,078.31
95 $77,078.31 $623.55 $0.00 $435.81 $78,137.67
96 $78,137.67 $623.55 $0.00 $441.80 $79,203.02
97 $79,203.02 $623.55 $0.00 $447.83 $80,274.40
98 $80,274.40 $623.55 $0.00 $453.88 $81,351.83
99 $81,351.83 $623.55 $0.00 $459.98 $82,435.36
100 $82,435.36 $623.55 $0.00 $466.10 $83,525.01
101 $83,525.01 $623.55 $0.00 $472.26 $84,620.82
102 $84,620.82 $623.55 $0.00 $478.46 $85,722.83
103 $85,722.83 $623.55 $0.00 $484.69 $86,831.07
104 $86,831.07 $623.55 $0.00 $490.96 $87,945.58
105 $87,945.58 $623.55 $0.00 $497.26 $89,066.39
106 $89,066.39 $623.55 $0.00 $503.59 $90,193.53
107 $90,193.53 $623.55 $0.00 $509.97 $91,327.05
108 $91,327.05 $623.55 $0.00 $516.38 $92,466.98
109 $92,466.98 $623.55 $0.00 $522.82 $93,613.35
110 $93,613.35 $623.55 $0.00 $529.30 $94,766.20
111 $94,766.20 $623.55 $0.00 $535.82 $95,925.57
112 $95,925.57 $623.55 $0.00 $542.38 $97,091.50
113 $97,091.50 $623.55 $0.00 $548.97 $98,264.02
114 $98,264.02 $623.55 $0.00 $555.60 $99,443.17
115 $99,443.17 $623.55 $0.00 $562.27 $100,628.99
116 $100,628.99 $623.55 $0.00 $568.97 $101,821.51
117 $101,821.51 $623.55 $0.00 $575.71 $103,020.77
118 $103,020.77 $623.55 $0.00 $582.49 $104,226.81
119 $104,226.81 $623.55 $0.00 $589.31 $105,439.67
120 $105,439.67 $623.55 $0.00 $596.17 $106,659.39
121 $106,659.39 $623.55 $0.00 $603.07 $107,886.01
122 $107,886.01 $623.55 $0.00 $610.00 $109,119.56
123 $109,119.56 $623.55 $0.00 $616.98 $110,360.09
124 $110,360.09 $623.55 $0.00 $623.99 $111,607.63
125 $111,607.63 $623.55 $0.00 $631.05 $112,862.23
126 $112,862.23 $623.55 $0.00 $638.14 $114,123.92
127 $114,123.92 $623.55 $0.00 $645.27 $115,392.74
128 $115,392.74 $623.55 $0.00 $652.45 $116,668.74
129 $116,668.74 $623.55 $0.00 $659.66 $117,951.95
130 $117,951.95 $623.55 $0.00 $666.92 $119,242.42
131 $119,242.42 $623.55 $0.00 $674.21 $120,540.18
132 $120,540.18 $623.55 $0.00 $681.55 $121,845.28
133 $121,845.28 $623.55 $0.00 $688.93 $123,157.76
134 $123,157.76 $623.55 $0.00 $696.35 $124,477.66
135 $124,477.66 $623.55 $0.00 $703.81 $125,805.02
136 $125,805.02 $623.55 $0.00 $711.32 $127,139.89
137 $127,139.89 $623.55 $0.00 $718.87 $128,482.31
138 $128,482.31 $623.55 $0.00 $726.46 $129,832.32
139 $129,832.32 $623.55 $0.00 $734.09 $131,189.96
140 $131,189.96 $623.55 $0.00 $741.77 $132,555.28
141 $132,555.28 $623.55 $0.00 $749.49 $133,928.32
142 $133,928.32 $623.55 $0.00 $757.25 $135,309.12
143 $135,309.12 $623.55 $0.00 $765.06 $136,697.73
144 $136,697.73 $623.55 $0.00 $772.91 $138,094.19
145 $138,094.19 $623.55 $0.00 $780.80 $139,498.54
146 $139,498.54 $623.55 $0.00 $788.75 $140,910.84
147 $140,910.84 $623.55 $0.00 $796.73 $142,331.12
148 $142,331.12 $623.55 $0.00 $804.76 $143,759.43
149 $143,759.43 $623.55 $0.00 $812.84 $145,195.82
150 $145,195.82 $623.55 $0.00 $820.96 $146,640.33
151 $146,640.33 $623.55 $0.00 $829.13 $148,093.01
152 $148,093.01 $623.55 $0.00 $837.34 $149,553.90
153 $149,553.90 $623.55 $0.00 $845.60 $151,023.05
154 $151,023.05 $623.55 $0.00 $853.91 $152,500.51
155 $152,500.51 $623.55 $0.00 $862.26 $153,986.32
156 $153,986.32 $623.55 $0.00 $870.66 $155,480.53
157 $155,480.53 $623.55 $0.00 $879.11 $156,983.19
158 $156,983.19 $623.55 $0.00 $887.61 $158,494.35
159 $158,494.35 $623.55 $0.00 $896.15 $160,014.05
160 $160,014.05 $623.55 $0.00 $904.74 $161,542.34
161 $161,542.34 $623.55 $0.00 $913.38 $163,079.27
162 $163,079.27 $623.55 $0.00 $922.07 $164,624.89
163 $164,624.89 $623.55 $0.00 $930.81 $166,179.25
164 $166,179.25 $623.55 $0.00 $939.60 $167,742.40
165 $167,742.40 $623.55 $0.00 $948.44 $169,314.39
166 $169,314.39 $623.55 $0.00 $957.33 $170,895.27
167 $170,895.27 $623.55 $0.00 $966.27 $172,485.09
168 $172,485.09 $623.55 $0.00 $975.26 $174,083.90
169 $174,083.90 $623.55 $0.00 $984.30 $175,691.75
170 $175,691.75 $623.55 $0.00 $993.39 $177,308.69
171 $177,308.69 $623.55 $0.00 $1,002.53 $178,934.77
172 $178,934.77 $623.55 $0.00 $1,011.72 $180,570.04
173 $180,570.04 $623.55 $0.00 $1,020.97 $182,214.56
174 $182,214.56 $623.55 $0.00 $1,030.27 $183,868.38
175 $183,868.38 $623.55 $0.00 $1,039.62 $185,531.55
176 $185,531.55 $623.55 $0.00 $1,049.02 $187,204.12
177 $187,204.12 $623.55 $0.00 $1,058.48 $188,886.15
178 $188,886.15 $623.55 $0.00 $1,067.99 $190,577.69
179 $190,577.69 $623.55 $0.00 $1,077.55 $192,278.79
180 $192,278.79 $623.55 $0.00 $1,087.17 $193,989.51
181 $193,989.51 $623.55 $0.00 $1,096.84 $195,709.90
182 $195,709.90 $623.55 $0.00 $1,106.57 $197,440.02
183 $197,440.02 $623.55 $0.00 $1,116.35 $199,179.92
184 $199,179.92 $623.55 $0.00 $1,126.19 $200,929.66
185 $200,929.66 $623.55 $0.00 $1,136.09 $202,689.30
186 $202,689.30 $623.55 $0.00 $1,146.03 $204,458.88
187 $204,458.88 $623.55 $0.00 $1,156.04 $206,238.47
188 $206,238.47 $623.55 $0.00 $1,166.10 $208,028.12
189 $208,028.12 $623.55 $0.00 $1,176.22 $209,827.89
190 $209,827.89 $623.55 $0.00 $1,186.40 $211,637.84
191 $211,637.84 $623.55 $0.00 $1,196.63 $213,458.02
192 $213,458.02 $623.55 $0.00 $1,206.92 $215,288.49
193 $215,288.49 $623.55 $0.00 $1,217.27 $217,129.31
194 $217,129.31 $623.55 $0.00 $1,227.68 $218,980.54
195 $218,980.54 $623.55 $0.00 $1,238.15 $220,842.24
196 $220,842.24 $623.55 $0.00 $1,248.67 $222,714.46
197 $222,714.46 $623.55 $0.00 $1,259.26 $224,597.27
198 $224,597.27 $623.55 $0.00 $1,269.91 $226,490.73
199 $226,490.73 $623.55 $0.00 $1,280.61 $228,394.89
200 $228,394.89 $623.55 $0.00 $1,291.38 $230,309.82
201 $230,309.82 $623.55 $0.00 $1,302.21 $232,235.58
202 $232,235.58 $623.55 $0.00 $1,313.09 $234,172.22
203 $234,172.22 $623.55 $0.00 $1,324.04 $236,119.81
204 $236,119.81 $623.55 $0.00 $1,335.06 $238,078.42
205 $238,078.42 $623.55 $0.00 $1,346.13 $240,048.10
206 $240,048.10 $623.55 $0.00 $1,357.27 $242,028.92
207 $242,028.92 $623.55 $0.00 $1,368.47 $244,020.94
208 $244,020.94 $623.55 $0.00 $1,379.73 $246,024.22
209 $246,024.22 $623.55 $0.00 $1,391.06 $248,038.83
210 $248,038.83 $623.55 $0.00 $1,402.45 $250,064.83
211 $250,064.83 $623.55 $0.00 $1,413.90 $252,102.28
212 $252,102.28 $623.55 $0.00 $1,425.42 $254,151.25
213 $254,151.25 $623.55 $0.00 $1,437.01 $256,211.81
214 $256,211.81 $623.55 $0.00 $1,448.66 $258,284.02
215 $258,284.02 $623.55 $0.00 $1,460.38 $260,367.95
216 $260,367.95 $623.55 $0.00 $1,472.16 $262,463.66
217 $262,463.66 $623.55 $71,079.98 $1,484.01 $193,491.24
218 $193,491.24 $623.55 $0.00 $1,094.03 $195,208.82
219 $195,208.82 $623.55 $0.00 $1,103.74 $196,936.11
220 $196,936.11 $623.55 $0.00 $1,113.51 $198,673.17
221 $198,673.17 $623.55 $0.00 $1,123.33 $200,420.05
222 $200,420.05 $623.55 $0.00 $1,133.20 $202,176.80
223 $202,176.80 $623.55 $0.00 $1,143.14 $203,943.49
224 $203,943.49 $623.55 $0.00 $1,153.13 $205,720.17
225 $205,720.17 $623.55 $0.00 $1,163.17 $207,506.89
226 $207,506.89 $623.55 $0.00 $1,173.27 $209,303.71
227 $209,303.71 $623.55 $0.00 $1,183.43 $211,110.69
228 $211,110.69 $623.55 $0.00 $1,193.65 $212,927.89
229 $212,927.89 $623.55 $76,055.57 $1,203.93 $138,699.80
230 $138,699.80 $623.55 $0.00 $784.23 $140,107.58
231 $140,107.58 $623.55 $0.00 $792.19 $141,523.32
232 $141,523.32 $623.55 $0.00 $800.19 $142,947.06
233 $142,947.06 $623.55 $0.00 $808.24 $144,378.85
234 $144,378.85 $623.55 $0.00 $816.34 $145,818.74
235 $145,818.74 $623.55 $0.00 $824.48 $147,266.77
236 $147,266.77 $623.55 $0.00 $832.67 $148,722.99
237 $148,722.99 $623.55 $0.00 $840.90 $150,187.44
238 $150,187.44 $623.55 $0.00 $849.18 $151,660.17
239 $151,660.17 $623.55 $0.00 $857.51 $153,141.23
240 $153,141.23 $623.55 $0.00 $865.88 $154,630.66
241 $154,630.66 $623.55 $81,379.46 $874.30 $74,749.05
242 $74,749.05 $623.55 $0.00 $422.64 $75,795.24
243 $75,795.24 $623.55 $0.00 $428.56 $76,847.35
244 $76,847.35 $623.55 $0.00 $434.51 $77,905.41
245 $77,905.41 $623.55 $0.00 $440.49 $78,969.45
246 $78,969.45 $623.55 $0.00 $446.50 $80,039.50
247 $80,039.50 $623.55 $0.00 $452.55 $81,115.60
248 $81,115.60 $623.55 $0.00 $458.64 $82,197.79
249 $82,197.79 $623.55 $0.00 $464.76 $83,286.10
250 $83,286.10 $623.55 $0.00 $470.91 $84,380.56
251 $84,380.56 $623.55 $0.00 $477.10 $85,481.21
252 $85,481.21 $623.55 $0.00 $483.32 $86,588.08
253 $86,588.08 $0.00 $87,076.03 $489.58 $1.63