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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$62,836
Monthly savings required$497

How much will it cost to send your child to University of Wisconsin Milwaukee in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $251,344.04 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $497.39 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$24,231.00
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 $497.39 $0.00 $0.00 $497.39
2 $497.39 $497.39 $0.00 $2.81 $997.59
3 $997.59 $497.39 $0.00 $5.64 $1,500.62
4 $1,500.62 $497.39 $0.00 $8.48 $2,006.49
5 $2,006.49 $497.39 $0.00 $11.34 $2,515.22
6 $2,515.22 $497.39 $0.00 $14.22 $3,026.83
7 $3,026.83 $497.39 $0.00 $17.11 $3,541.33
8 $3,541.33 $497.39 $0.00 $20.02 $4,058.74
9 $4,058.74 $497.39 $0.00 $22.95 $4,579.08
10 $4,579.08 $497.39 $0.00 $25.89 $5,102.36
11 $5,102.36 $497.39 $0.00 $28.85 $5,628.60
12 $5,628.60 $497.39 $0.00 $31.82 $6,157.81
13 $6,157.81 $497.39 $0.00 $34.82 $6,690.02
14 $6,690.02 $497.39 $0.00 $37.83 $7,225.24
15 $7,225.24 $497.39 $0.00 $40.85 $7,763.48
16 $7,763.48 $497.39 $0.00 $43.90 $8,304.77
17 $8,304.77 $497.39 $0.00 $46.96 $8,849.12
18 $8,849.12 $497.39 $0.00 $50.03 $9,396.54
19 $9,396.54 $497.39 $0.00 $53.13 $9,947.06
20 $9,947.06 $497.39 $0.00 $56.24 $10,500.69
21 $10,500.69 $497.39 $0.00 $59.37 $11,057.45
22 $11,057.45 $497.39 $0.00 $62.52 $11,617.36
23 $11,617.36 $497.39 $0.00 $65.69 $12,180.44
24 $12,180.44 $497.39 $0.00 $68.87 $12,746.70
25 $12,746.70 $497.39 $0.00 $72.07 $13,316.16
26 $13,316.16 $497.39 $0.00 $75.29 $13,888.84
27 $13,888.84 $497.39 $0.00 $78.53 $14,464.76
28 $14,464.76 $497.39 $0.00 $81.79 $15,043.94
29 $15,043.94 $497.39 $0.00 $85.06 $15,626.39
30 $15,626.39 $497.39 $0.00 $88.35 $16,212.13
31 $16,212.13 $497.39 $0.00 $91.67 $16,801.19
32 $16,801.19 $497.39 $0.00 $95.00 $17,393.58
33 $17,393.58 $497.39 $0.00 $98.35 $17,989.32
34 $17,989.32 $497.39 $0.00 $101.71 $18,588.42
35 $18,588.42 $497.39 $0.00 $105.10 $19,190.91
36 $19,190.91 $497.39 $0.00 $108.51 $19,796.81
37 $19,796.81 $497.39 $0.00 $111.93 $20,406.13
38 $20,406.13 $497.39 $0.00 $115.38 $21,018.90
39 $21,018.90 $497.39 $0.00 $118.84 $21,635.13
40 $21,635.13 $497.39 $0.00 $122.33 $22,254.85
41 $22,254.85 $497.39 $0.00 $125.83 $22,878.07
42 $22,878.07 $497.39 $0.00 $129.36 $23,504.82
43 $23,504.82 $497.39 $0.00 $132.90 $24,135.11
44 $24,135.11 $497.39 $0.00 $136.46 $24,768.96
45 $24,768.96 $497.39 $0.00 $140.05 $25,406.40
46 $25,406.40 $497.39 $0.00 $143.65 $26,047.44
47 $26,047.44 $497.39 $0.00 $147.28 $26,692.11
48 $26,692.11 $497.39 $0.00 $150.92 $27,340.42
49 $27,340.42 $497.39 $0.00 $154.59 $27,992.40
50 $27,992.40 $497.39 $0.00 $158.27 $28,648.06
51 $28,648.06 $497.39 $0.00 $161.98 $29,307.43
52 $29,307.43 $497.39 $0.00 $165.71 $29,970.53
53 $29,970.53 $497.39 $0.00 $169.46 $30,637.38
54 $30,637.38 $497.39 $0.00 $173.23 $31,308.00
55 $31,308.00 $497.39 $0.00 $177.02 $31,982.41
56 $31,982.41 $497.39 $0.00 $180.83 $32,660.63
57 $32,660.63 $497.39 $0.00 $184.67 $33,342.69
58 $33,342.69 $497.39 $0.00 $188.52 $34,028.60
59 $34,028.60 $497.39 $0.00 $192.40 $34,718.39
60 $34,718.39 $497.39 $0.00 $196.30 $35,412.08
61 $35,412.08 $497.39 $0.00 $200.23 $36,109.70
62 $36,109.70 $497.39 $0.00 $204.17 $36,811.26
63 $36,811.26 $497.39 $0.00 $208.14 $37,516.79
64 $37,516.79 $497.39 $0.00 $212.13 $38,226.31
65 $38,226.31 $497.39 $0.00 $216.14 $38,939.84
66 $38,939.84 $497.39 $0.00 $220.17 $39,657.40
67 $39,657.40 $497.39 $0.00 $224.23 $40,379.02
68 $40,379.02 $497.39 $0.00 $228.31 $41,104.72
69 $41,104.72 $497.39 $0.00 $232.41 $41,834.52
70 $41,834.52 $497.39 $0.00 $236.54 $42,568.45
71 $42,568.45 $497.39 $0.00 $240.69 $43,306.53
72 $43,306.53 $497.39 $0.00 $244.86 $44,048.78
73 $44,048.78 $497.39 $0.00 $249.06 $44,795.23
74 $44,795.23 $497.39 $0.00 $253.28 $45,545.90
75 $45,545.90 $497.39 $0.00 $257.52 $46,300.81
76 $46,300.81 $497.39 $0.00 $261.79 $47,059.99
77 $47,059.99 $497.39 $0.00 $266.08 $47,823.46
78 $47,823.46 $497.39 $0.00 $270.40 $48,591.25
79 $48,591.25 $497.39 $0.00 $274.74 $49,363.38
80 $49,363.38 $497.39 $0.00 $279.11 $50,139.88
81 $50,139.88 $497.39 $0.00 $283.50 $50,920.77
82 $50,920.77 $497.39 $0.00 $287.91 $51,706.07
83 $51,706.07 $497.39 $0.00 $292.35 $52,495.81
84 $52,495.81 $497.39 $0.00 $296.82 $53,290.02
85 $53,290.02 $497.39 $0.00 $301.31 $54,088.72
86 $54,088.72 $497.39 $0.00 $305.83 $54,891.94
87 $54,891.94 $497.39 $0.00 $310.37 $55,699.70
88 $55,699.70 $497.39 $0.00 $314.93 $56,512.02
89 $56,512.02 $497.39 $0.00 $319.53 $57,328.94
90 $57,328.94 $497.39 $0.00 $324.15 $58,150.48
91 $58,150.48 $497.39 $0.00 $328.79 $58,976.66
92 $58,976.66 $497.39 $0.00 $333.46 $59,807.51
93 $59,807.51 $497.39 $0.00 $338.16 $60,643.06
94 $60,643.06 $497.39 $0.00 $342.88 $61,483.33
95 $61,483.33 $497.39 $0.00 $347.64 $62,328.36
96 $62,328.36 $497.39 $0.00 $352.41 $63,178.16
97 $63,178.16 $497.39 $0.00 $357.22 $64,032.77
98 $64,032.77 $497.39 $0.00 $362.05 $64,892.21
99 $64,892.21 $497.39 $0.00 $366.91 $65,756.51
100 $65,756.51 $497.39 $0.00 $371.80 $66,625.70
101 $66,625.70 $497.39 $0.00 $376.71 $67,499.80
102 $67,499.80 $497.39 $0.00 $381.65 $68,378.84
103 $68,378.84 $497.39 $0.00 $386.62 $69,262.85
104 $69,262.85 $497.39 $0.00 $391.62 $70,151.86
105 $70,151.86 $497.39 $0.00 $396.65 $71,045.90
106 $71,045.90 $497.39 $0.00 $401.70 $71,944.99
107 $71,944.99 $497.39 $0.00 $406.79 $72,849.17
108 $72,849.17 $497.39 $0.00 $411.90 $73,758.46
109 $73,758.46 $497.39 $0.00 $417.04 $74,672.89
110 $74,672.89 $497.39 $0.00 $422.21 $75,592.49
111 $75,592.49 $497.39 $0.00 $427.41 $76,517.29
112 $76,517.29 $497.39 $0.00 $432.64 $77,447.32
113 $77,447.32 $497.39 $0.00 $437.90 $78,382.61
114 $78,382.61 $497.39 $0.00 $443.19 $79,323.19
115 $79,323.19 $497.39 $0.00 $448.50 $80,269.08
116 $80,269.08 $497.39 $0.00 $453.85 $81,220.32
117 $81,220.32 $497.39 $0.00 $459.23 $82,176.94
118 $82,176.94 $497.39 $0.00 $464.64 $83,138.97
119 $83,138.97 $497.39 $0.00 $470.08 $84,106.44
120 $84,106.44 $497.39 $0.00 $475.55 $85,079.38
121 $85,079.38 $497.39 $0.00 $481.05 $86,057.82
122 $86,057.82 $497.39 $0.00 $486.58 $87,041.79
123 $87,041.79 $497.39 $0.00 $492.15 $88,031.33
124 $88,031.33 $497.39 $0.00 $497.74 $89,026.46
125 $89,026.46 $497.39 $0.00 $503.37 $90,027.22
126 $90,027.22 $497.39 $0.00 $509.03 $91,033.64
127 $91,033.64 $497.39 $0.00 $514.72 $92,045.75
128 $92,045.75 $497.39 $0.00 $520.44 $93,063.58
129 $93,063.58 $497.39 $0.00 $526.20 $94,087.17
130 $94,087.17 $497.39 $0.00 $531.98 $95,116.54
131 $95,116.54 $497.39 $0.00 $537.80 $96,151.73
132 $96,151.73 $497.39 $0.00 $543.66 $97,192.78
133 $97,192.78 $497.39 $0.00 $549.54 $98,239.71
134 $98,239.71 $497.39 $0.00 $555.46 $99,292.56
135 $99,292.56 $497.39 $0.00 $561.41 $100,351.36
136 $100,351.36 $497.39 $0.00 $567.40 $101,416.15
137 $101,416.15 $497.39 $0.00 $573.42 $102,486.96
138 $102,486.96 $497.39 $0.00 $579.48 $103,563.83
139 $103,563.83 $497.39 $0.00 $585.56 $104,646.78
140 $104,646.78 $497.39 $0.00 $591.69 $105,735.86
141 $105,735.86 $497.39 $0.00 $597.85 $106,831.10
142 $106,831.10 $497.39 $0.00 $604.04 $107,932.53
143 $107,932.53 $497.39 $0.00 $610.27 $109,040.19
144 $109,040.19 $497.39 $0.00 $616.53 $110,154.11
145 $110,154.11 $497.39 $0.00 $622.83 $111,274.33
146 $111,274.33 $497.39 $0.00 $629.16 $112,400.88
147 $112,400.88 $497.39 $0.00 $635.53 $113,533.80
148 $113,533.80 $497.39 $0.00 $641.94 $114,673.13
149 $114,673.13 $497.39 $0.00 $648.38 $115,818.90
150 $115,818.90 $497.39 $0.00 $654.86 $116,971.15
151 $116,971.15 $497.39 $0.00 $661.37 $118,129.91
152 $118,129.91 $497.39 $0.00 $667.92 $119,295.22
153 $119,295.22 $497.39 $0.00 $674.51 $120,467.12
154 $120,467.12 $497.39 $0.00 $681.14 $121,645.65
155 $121,645.65 $497.39 $0.00 $687.80 $122,830.84
156 $122,830.84 $497.39 $0.00 $694.50 $124,022.73
157 $124,022.73 $497.39 $0.00 $701.24 $125,221.36
158 $125,221.36 $497.39 $0.00 $708.02 $126,426.77
159 $126,426.77 $497.39 $0.00 $714.84 $127,639.00
160 $127,639.00 $497.39 $0.00 $721.69 $128,858.08
161 $128,858.08 $497.39 $0.00 $728.58 $130,084.05
162 $130,084.05 $497.39 $0.00 $735.51 $131,316.95
163 $131,316.95 $497.39 $0.00 $742.49 $132,556.83
164 $132,556.83 $497.39 $0.00 $749.50 $133,803.72
165 $133,803.72 $497.39 $0.00 $756.55 $135,057.66
166 $135,057.66 $497.39 $0.00 $763.64 $136,318.69
167 $136,318.69 $497.39 $0.00 $770.77 $137,586.85
168 $137,586.85 $497.39 $0.00 $777.94 $138,862.18
169 $138,862.18 $497.39 $0.00 $785.15 $140,144.72
170 $140,144.72 $497.39 $0.00 $792.40 $141,434.51
171 $141,434.51 $497.39 $0.00 $799.69 $142,731.59
172 $142,731.59 $497.39 $0.00 $807.03 $144,036.01
173 $144,036.01 $497.39 $0.00 $814.40 $145,347.80
174 $145,347.80 $497.39 $0.00 $821.82 $146,667.01
175 $146,667.01 $497.39 $0.00 $829.28 $147,993.68
176 $147,993.68 $497.39 $0.00 $836.78 $149,327.85
177 $149,327.85 $497.39 $0.00 $844.32 $150,669.56
178 $150,669.56 $497.39 $0.00 $851.91 $152,018.86
179 $152,018.86 $497.39 $0.00 $859.54 $153,375.79
180 $153,375.79 $497.39 $0.00 $867.21 $154,740.39
181 $154,740.39 $497.39 $0.00 $874.92 $156,112.70
182 $156,112.70 $497.39 $0.00 $882.68 $157,492.77
183 $157,492.77 $497.39 $0.00 $890.49 $158,880.65
184 $158,880.65 $497.39 $0.00 $898.33 $160,276.37
185 $160,276.37 $497.39 $0.00 $906.23 $161,679.99
186 $161,679.99 $497.39 $0.00 $914.16 $163,091.54
187 $163,091.54 $497.39 $0.00 $922.14 $164,511.07
188 $164,511.07 $497.39 $0.00 $930.17 $165,938.63
189 $165,938.63 $497.39 $0.00 $938.24 $167,374.26
190 $167,374.26 $497.39 $0.00 $946.36 $168,818.01
191 $168,818.01 $497.39 $0.00 $954.52 $170,269.92
192 $170,269.92 $497.39 $0.00 $962.73 $171,730.04
193 $171,730.04 $497.39 $0.00 $970.99 $173,198.42
194 $173,198.42 $497.39 $0.00 $979.29 $174,675.10
195 $174,675.10 $497.39 $0.00 $987.64 $176,160.13
196 $176,160.13 $497.39 $0.00 $996.03 $177,653.55
197 $177,653.55 $497.39 $0.00 $1,004.48 $179,155.42
198 $179,155.42 $497.39 $0.00 $1,012.97 $180,665.78
199 $180,665.78 $497.39 $0.00 $1,021.51 $182,184.68
200 $182,184.68 $497.39 $0.00 $1,030.10 $183,712.17
201 $183,712.17 $497.39 $0.00 $1,038.74 $185,248.30
202 $185,248.30 $497.39 $0.00 $1,047.42 $186,793.11
203 $186,793.11 $497.39 $0.00 $1,056.16 $188,346.66
204 $188,346.66 $497.39 $0.00 $1,064.94 $189,908.99
205 $189,908.99 $497.39 $0.00 $1,073.77 $191,480.15
206 $191,480.15 $497.39 $0.00 $1,082.66 $193,060.20
207 $193,060.20 $497.39 $0.00 $1,091.59 $194,649.18
208 $194,649.18 $497.39 $0.00 $1,100.57 $196,247.14
209 $196,247.14 $497.39 $0.00 $1,109.61 $197,854.14
210 $197,854.14 $497.39 $0.00 $1,118.70 $199,470.23
211 $199,470.23 $497.39 $0.00 $1,127.83 $201,095.45
212 $201,095.45 $497.39 $0.00 $1,137.02 $202,729.86
213 $202,729.86 $497.39 $0.00 $1,146.26 $204,373.51
214 $204,373.51 $497.39 $0.00 $1,155.56 $206,026.46
215 $206,026.46 $497.39 $0.00 $1,164.90 $207,688.75
216 $207,688.75 $497.39 $0.00 $1,174.30 $209,360.44
217 $209,360.44 $497.39 $58,314.79 $1,183.75 $152,726.79
218 $152,726.79 $497.39 $0.00 $863.54 $154,087.72
219 $154,087.72 $497.39 $0.00 $871.23 $155,456.34
220 $155,456.34 $497.39 $0.00 $878.97 $156,832.70
221 $156,832.70 $497.39 $0.00 $886.75 $158,216.84
222 $158,216.84 $497.39 $0.00 $894.58 $159,608.81
223 $159,608.81 $497.39 $0.00 $902.45 $161,008.65
224 $161,008.65 $497.39 $0.00 $910.37 $162,416.41
225 $162,416.41 $497.39 $0.00 $918.33 $163,832.13
226 $163,832.13 $497.39 $0.00 $926.33 $165,255.85
227 $165,255.85 $497.39 $0.00 $934.38 $166,687.62
228 $166,687.62 $497.39 $0.00 $942.48 $168,127.49
229 $168,127.49 $497.39 $61,230.53 $950.62 $108,344.97
230 $108,344.97 $497.39 $0.00 $612.60 $109,454.96
231 $109,454.96 $497.39 $0.00 $618.87 $110,571.22
232 $110,571.22 $497.39 $0.00 $625.19 $111,693.80
233 $111,693.80 $497.39 $0.00 $631.53 $112,822.72
234 $112,822.72 $497.39 $0.00 $637.92 $113,958.03
235 $113,958.03 $497.39 $0.00 $644.34 $115,099.76
236 $115,099.76 $497.39 $0.00 $650.79 $116,247.94
237 $116,247.94 $497.39 $0.00 $657.28 $117,402.61
238 $117,402.61 $497.39 $0.00 $663.81 $118,563.81
239 $118,563.81 $497.39 $0.00 $670.38 $119,731.58
240 $119,731.58 $497.39 $0.00 $676.98 $120,905.95
241 $120,905.95 $497.39 $64,292.06 $683.62 $57,794.90
242 $57,794.90 $497.39 $0.00 $326.78 $58,619.07
243 $58,619.07 $497.39 $0.00 $331.44 $59,447.90
244 $59,447.90 $497.39 $0.00 $336.13 $60,281.42
245 $60,281.42 $497.39 $0.00 $340.84 $61,119.65
246 $61,119.65 $497.39 $0.00 $345.58 $61,962.62
247 $61,962.62 $497.39 $0.00 $350.35 $62,810.36
248 $62,810.36 $497.39 $0.00 $355.14 $63,662.89
249 $63,662.89 $497.39 $0.00 $359.96 $64,520.24
250 $64,520.24 $497.39 $0.00 $364.81 $65,382.44
251 $65,382.44 $497.39 $0.00 $369.68 $66,249.51
252 $66,249.51 $497.39 $0.00 $374.58 $67,121.48
253 $67,121.48 $0.00 $67,506.66 $379.51 ($5.67)