## Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2038 \$57,336 Monthly savings required \$454

How much will it cost to send your child to Alabama State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at \$229,343.27 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of \$453.85 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 \$22,110.00 Years until enrollment 18 Annual Tuition Increase 5% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 4

## Current Savings Shortfall

### College Savings Calculator

Discover how much will you need to start saving now to afford Alabama State University in the future.

## College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$453.85 \$0.00 \$0.00 \$453.85
2 \$453.85 \$453.85 \$0.00 \$2.57 \$910.27
3 \$910.27 \$453.85 \$0.00 \$5.15 \$1,369.27
4 \$1,369.27 \$453.85 \$0.00 \$7.74 \$1,830.86
5 \$1,830.86 \$453.85 \$0.00 \$10.35 \$2,295.06
6 \$2,295.06 \$453.85 \$0.00 \$12.98 \$2,761.89
7 \$2,761.89 \$453.85 \$0.00 \$15.62 \$3,231.36
8 \$3,231.36 \$453.85 \$0.00 \$18.27 \$3,703.48
9 \$3,703.48 \$453.85 \$0.00 \$20.94 \$4,178.27
10 \$4,178.27 \$453.85 \$0.00 \$23.62 \$4,655.74
11 \$4,655.74 \$453.85 \$0.00 \$26.32 \$5,135.91
12 \$5,135.91 \$453.85 \$0.00 \$29.04 \$5,618.80
13 \$5,618.80 \$453.85 \$0.00 \$31.77 \$6,104.42
14 \$6,104.42 \$453.85 \$0.00 \$34.52 \$6,592.79
15 \$6,592.79 \$453.85 \$0.00 \$37.28 \$7,083.92
16 \$7,083.92 \$453.85 \$0.00 \$40.05 \$7,577.82
17 \$7,577.82 \$453.85 \$0.00 \$42.85 \$8,074.52
18 \$8,074.52 \$453.85 \$0.00 \$45.65 \$8,574.02
19 \$8,574.02 \$453.85 \$0.00 \$48.48 \$9,076.35
20 \$9,076.35 \$453.85 \$0.00 \$51.32 \$9,581.52
21 \$9,581.52 \$453.85 \$0.00 \$54.18 \$10,089.55
22 \$10,089.55 \$453.85 \$0.00 \$57.05 \$10,600.45
23 \$10,600.45 \$453.85 \$0.00 \$59.94 \$11,114.24
24 \$11,114.24 \$453.85 \$0.00 \$62.84 \$11,630.93
25 \$11,630.93 \$453.85 \$0.00 \$65.76 \$12,150.54
26 \$12,150.54 \$453.85 \$0.00 \$68.70 \$12,673.09
27 \$12,673.09 \$453.85 \$0.00 \$71.66 \$13,198.60
28 \$13,198.60 \$453.85 \$0.00 \$74.63 \$13,727.08
29 \$13,727.08 \$453.85 \$0.00 \$77.61 \$14,258.54
30 \$14,258.54 \$453.85 \$0.00 \$80.62 \$14,793.01
31 \$14,793.01 \$453.85 \$0.00 \$83.64 \$15,330.50
32 \$15,330.50 \$453.85 \$0.00 \$86.68 \$15,871.03
33 \$15,871.03 \$453.85 \$0.00 \$89.74 \$16,414.62
34 \$16,414.62 \$453.85 \$0.00 \$92.81 \$16,961.28
35 \$16,961.28 \$453.85 \$0.00 \$95.90 \$17,511.03
36 \$17,511.03 \$453.85 \$0.00 \$99.01 \$18,063.89
37 \$18,063.89 \$453.85 \$0.00 \$102.14 \$18,619.88
38 \$18,619.88 \$453.85 \$0.00 \$105.28 \$19,179.01
39 \$19,179.01 \$453.85 \$0.00 \$108.44 \$19,741.30
40 \$19,741.30 \$453.85 \$0.00 \$111.62 \$20,306.77
41 \$20,306.77 \$453.85 \$0.00 \$114.82 \$20,875.44
42 \$20,875.44 \$453.85 \$0.00 \$118.03 \$21,447.32
43 \$21,447.32 \$453.85 \$0.00 \$121.27 \$22,022.44
44 \$22,022.44 \$453.85 \$0.00 \$124.52 \$22,600.81
45 \$22,600.81 \$453.85 \$0.00 \$127.79 \$23,182.45
46 \$23,182.45 \$453.85 \$0.00 \$131.08 \$23,767.38
47 \$23,767.38 \$453.85 \$0.00 \$134.38 \$24,355.61
48 \$24,355.61 \$453.85 \$0.00 \$137.71 \$24,947.17
49 \$24,947.17 \$453.85 \$0.00 \$141.05 \$25,542.07
50 \$25,542.07 \$453.85 \$0.00 \$144.42 \$26,140.34
51 \$26,140.34 \$453.85 \$0.00 \$147.80 \$26,741.99
52 \$26,741.99 \$453.85 \$0.00 \$151.20 \$27,347.04
53 \$27,347.04 \$453.85 \$0.00 \$154.62 \$27,955.51
54 \$27,955.51 \$453.85 \$0.00 \$158.06 \$28,567.42
55 \$28,567.42 \$453.85 \$0.00 \$161.52 \$29,182.79
56 \$29,182.79 \$453.85 \$0.00 \$165.00 \$29,801.64
57 \$29,801.64 \$453.85 \$0.00 \$168.50 \$30,423.99
58 \$30,423.99 \$453.85 \$0.00 \$172.02 \$31,049.86
59 \$31,049.86 \$453.85 \$0.00 \$175.56 \$31,679.27
60 \$31,679.27 \$453.85 \$0.00 \$179.12 \$32,312.24
61 \$32,312.24 \$453.85 \$0.00 \$182.70 \$32,948.79
62 \$32,948.79 \$453.85 \$0.00 \$186.30 \$33,588.94
63 \$33,588.94 \$453.85 \$0.00 \$189.92 \$34,232.71
64 \$34,232.71 \$453.85 \$0.00 \$193.56 \$34,880.12
65 \$34,880.12 \$453.85 \$0.00 \$197.22 \$35,531.19
66 \$35,531.19 \$453.85 \$0.00 \$200.90 \$36,185.94
67 \$36,185.94 \$453.85 \$0.00 \$204.60 \$36,844.39
68 \$36,844.39 \$453.85 \$0.00 \$208.32 \$37,506.56
69 \$37,506.56 \$453.85 \$0.00 \$212.07 \$38,172.48
70 \$38,172.48 \$453.85 \$0.00 \$215.83 \$38,842.16
71 \$38,842.16 \$453.85 \$0.00 \$219.62 \$39,515.63
72 \$39,515.63 \$453.85 \$0.00 \$223.43 \$40,192.91
73 \$40,192.91 \$453.85 \$0.00 \$227.26 \$40,874.02
74 \$40,874.02 \$453.85 \$0.00 \$231.11 \$41,558.98
75 \$41,558.98 \$453.85 \$0.00 \$234.98 \$42,247.81
76 \$42,247.81 \$453.85 \$0.00 \$238.88 \$42,940.54
77 \$42,940.54 \$453.85 \$0.00 \$242.79 \$43,637.18
78 \$43,637.18 \$453.85 \$0.00 \$246.73 \$44,337.76
79 \$44,337.76 \$453.85 \$0.00 \$250.69 \$45,042.30
80 \$45,042.30 \$453.85 \$0.00 \$254.68 \$45,750.83
81 \$45,750.83 \$453.85 \$0.00 \$258.68 \$46,463.36
82 \$46,463.36 \$453.85 \$0.00 \$262.71 \$47,179.92
83 \$47,179.92 \$453.85 \$0.00 \$266.76 \$47,900.53
84 \$47,900.53 \$453.85 \$0.00 \$270.84 \$48,625.22
85 \$48,625.22 \$453.85 \$0.00 \$274.93 \$49,354.00
86 \$49,354.00 \$453.85 \$0.00 \$279.05 \$50,086.90
87 \$50,086.90 \$453.85 \$0.00 \$283.20 \$50,823.95
88 \$50,823.95 \$453.85 \$0.00 \$287.37 \$51,565.17
89 \$51,565.17 \$453.85 \$0.00 \$291.56 \$52,310.58
90 \$52,310.58 \$453.85 \$0.00 \$295.77 \$53,060.20
91 \$53,060.20 \$453.85 \$0.00 \$300.01 \$53,814.06
92 \$53,814.06 \$453.85 \$0.00 \$304.27 \$54,572.18
93 \$54,572.18 \$453.85 \$0.00 \$308.56 \$55,334.59
94 \$55,334.59 \$453.85 \$0.00 \$312.87 \$56,101.31
95 \$56,101.31 \$453.85 \$0.00 \$317.20 \$56,872.36
96 \$56,872.36 \$453.85 \$0.00 \$321.56 \$57,647.77
97 \$57,647.77 \$453.85 \$0.00 \$325.95 \$58,427.57
98 \$58,427.57 \$453.85 \$0.00 \$330.36 \$59,211.78
99 \$59,211.78 \$453.85 \$0.00 \$334.79 \$60,000.42
100 \$60,000.42 \$453.85 \$0.00 \$339.25 \$60,793.52
101 \$60,793.52 \$453.85 \$0.00 \$343.74 \$61,591.11
102 \$61,591.11 \$453.85 \$0.00 \$348.25 \$62,393.21
103 \$62,393.21 \$453.85 \$0.00 \$352.78 \$63,199.84
104 \$63,199.84 \$453.85 \$0.00 \$357.34 \$64,011.03
105 \$64,011.03 \$453.85 \$0.00 \$361.93 \$64,826.81
106 \$64,826.81 \$453.85 \$0.00 \$366.54 \$65,647.20
107 \$65,647.20 \$453.85 \$0.00 \$371.18 \$66,472.23
108 \$66,472.23 \$453.85 \$0.00 \$375.84 \$67,301.92
109 \$67,301.92 \$453.85 \$0.00 \$380.53 \$68,136.30
110 \$68,136.30 \$453.85 \$0.00 \$385.25 \$68,975.40
111 \$68,975.40 \$453.85 \$0.00 \$390.00 \$69,819.25
112 \$69,819.25 \$453.85 \$0.00 \$394.77 \$70,667.87
113 \$70,667.87 \$453.85 \$0.00 \$399.57 \$71,521.29
114 \$71,521.29 \$453.85 \$0.00 \$404.39 \$72,379.53
115 \$72,379.53 \$453.85 \$0.00 \$409.24 \$73,242.62
116 \$73,242.62 \$453.85 \$0.00 \$414.12 \$74,110.59
117 \$74,110.59 \$453.85 \$0.00 \$419.03 \$74,983.47
118 \$74,983.47 \$453.85 \$0.00 \$423.97 \$75,861.29
119 \$75,861.29 \$453.85 \$0.00 \$428.93 \$76,744.07
120 \$76,744.07 \$453.85 \$0.00 \$433.92 \$77,631.84
121 \$77,631.84 \$453.85 \$0.00 \$438.94 \$78,524.63
122 \$78,524.63 \$453.85 \$0.00 \$443.99 \$79,422.47
123 \$79,422.47 \$453.85 \$0.00 \$449.07 \$80,325.39
124 \$80,325.39 \$453.85 \$0.00 \$454.17 \$81,233.41
125 \$81,233.41 \$453.85 \$0.00 \$459.31 \$82,146.57
126 \$82,146.57 \$453.85 \$0.00 \$464.47 \$83,064.89
127 \$83,064.89 \$453.85 \$0.00 \$469.66 \$83,988.40
128 \$83,988.40 \$453.85 \$0.00 \$474.88 \$84,917.13
129 \$84,917.13 \$453.85 \$0.00 \$480.13 \$85,851.11
130 \$85,851.11 \$453.85 \$0.00 \$485.41 \$86,790.37
131 \$86,790.37 \$453.85 \$0.00 \$490.73 \$87,734.95
132 \$87,734.95 \$453.85 \$0.00 \$496.07 \$88,684.87
133 \$88,684.87 \$453.85 \$0.00 \$501.44 \$89,640.16
134 \$89,640.16 \$453.85 \$0.00 \$506.84 \$90,600.85
135 \$90,600.85 \$453.85 \$0.00 \$512.27 \$91,566.97
136 \$91,566.97 \$453.85 \$0.00 \$517.73 \$92,538.55
137 \$92,538.55 \$453.85 \$0.00 \$523.23 \$93,515.63
138 \$93,515.63 \$453.85 \$0.00 \$528.75 \$94,498.23
139 \$94,498.23 \$453.85 \$0.00 \$534.31 \$95,486.39
140 \$95,486.39 \$453.85 \$0.00 \$539.89 \$96,480.13
141 \$96,480.13 \$453.85 \$0.00 \$545.51 \$97,479.49
142 \$97,479.49 \$453.85 \$0.00 \$551.16 \$98,484.50
143 \$98,484.50 \$453.85 \$0.00 \$556.85 \$99,495.20
144 \$99,495.20 \$453.85 \$0.00 \$562.56 \$100,511.61
145 \$100,511.61 \$453.85 \$0.00 \$568.31 \$101,533.77
146 \$101,533.77 \$453.85 \$0.00 \$574.09 \$102,561.71
147 \$102,561.71 \$453.85 \$0.00 \$579.90 \$103,595.46
148 \$103,595.46 \$453.85 \$0.00 \$585.74 \$104,635.05
149 \$104,635.05 \$453.85 \$0.00 \$591.62 \$105,680.52
150 \$105,680.52 \$453.85 \$0.00 \$597.53 \$106,731.90
151 \$106,731.90 \$453.85 \$0.00 \$603.48 \$107,789.23
152 \$107,789.23 \$453.85 \$0.00 \$609.46 \$108,852.54
153 \$108,852.54 \$453.85 \$0.00 \$615.47 \$109,921.86
154 \$109,921.86 \$453.85 \$0.00 \$621.51 \$110,997.22
155 \$110,997.22 \$453.85 \$0.00 \$627.59 \$112,078.66
156 \$112,078.66 \$453.85 \$0.00 \$633.71 \$113,166.22
157 \$113,166.22 \$453.85 \$0.00 \$639.86 \$114,259.93
158 \$114,259.93 \$453.85 \$0.00 \$646.04 \$115,359.82
159 \$115,359.82 \$453.85 \$0.00 \$652.26 \$116,465.93
160 \$116,465.93 \$453.85 \$0.00 \$658.52 \$117,578.30
161 \$117,578.30 \$453.85 \$0.00 \$664.80 \$118,696.95
162 \$118,696.95 \$453.85 \$0.00 \$671.13 \$119,821.93
163 \$119,821.93 \$453.85 \$0.00 \$677.49 \$120,953.27
164 \$120,953.27 \$453.85 \$0.00 \$683.89 \$122,091.01
165 \$122,091.01 \$453.85 \$0.00 \$690.32 \$123,235.18
166 \$123,235.18 \$453.85 \$0.00 \$696.79 \$124,385.82
167 \$124,385.82 \$453.85 \$0.00 \$703.30 \$125,542.97
168 \$125,542.97 \$453.85 \$0.00 \$709.84 \$126,706.66
169 \$126,706.66 \$453.85 \$0.00 \$716.42 \$127,876.93
170 \$127,876.93 \$453.85 \$0.00 \$723.03 \$129,053.81
171 \$129,053.81 \$453.85 \$0.00 \$729.69 \$130,237.35
172 \$130,237.35 \$453.85 \$0.00 \$736.38 \$131,427.58
173 \$131,427.58 \$453.85 \$0.00 \$743.11 \$132,624.54
174 \$132,624.54 \$453.85 \$0.00 \$749.88 \$133,828.27
175 \$133,828.27 \$453.85 \$0.00 \$756.68 \$135,038.80
176 \$135,038.80 \$453.85 \$0.00 \$763.53 \$136,256.18
177 \$136,256.18 \$453.85 \$0.00 \$770.41 \$137,480.44
178 \$137,480.44 \$453.85 \$0.00 \$777.33 \$138,711.62
179 \$138,711.62 \$453.85 \$0.00 \$784.30 \$139,949.77
180 \$139,949.77 \$453.85 \$0.00 \$791.30 \$141,194.92
181 \$141,194.92 \$453.85 \$0.00 \$798.34 \$142,447.11
182 \$142,447.11 \$453.85 \$0.00 \$805.42 \$143,706.38
183 \$143,706.38 \$453.85 \$0.00 \$812.54 \$144,972.77
184 \$144,972.77 \$453.85 \$0.00 \$819.70 \$146,246.32
185 \$146,246.32 \$453.85 \$0.00 \$826.90 \$147,527.07
186 \$147,527.07 \$453.85 \$0.00 \$834.14 \$148,815.06
187 \$148,815.06 \$453.85 \$0.00 \$841.42 \$150,110.33
188 \$150,110.33 \$453.85 \$0.00 \$848.75 \$151,412.93
189 \$151,412.93 \$453.85 \$0.00 \$856.11 \$152,722.89
190 \$152,722.89 \$453.85 \$0.00 \$863.52 \$154,040.26
191 \$154,040.26 \$453.85 \$0.00 \$870.97 \$155,365.08
192 \$155,365.08 \$453.85 \$0.00 \$878.46 \$156,697.39
193 \$156,697.39 \$453.85 \$0.00 \$885.99 \$158,037.23
194 \$158,037.23 \$453.85 \$0.00 \$893.57 \$159,384.65
195 \$159,384.65 \$453.85 \$0.00 \$901.18 \$160,739.68
196 \$160,739.68 \$453.85 \$0.00 \$908.85 \$162,102.38
197 \$162,102.38 \$453.85 \$0.00 \$916.55 \$163,472.78
198 \$163,472.78 \$453.85 \$0.00 \$924.30 \$164,850.93
199 \$164,850.93 \$453.85 \$0.00 \$932.09 \$166,236.87
200 \$166,236.87 \$453.85 \$0.00 \$939.93 \$167,630.65
201 \$167,630.65 \$453.85 \$0.00 \$947.81 \$169,032.31
202 \$169,032.31 \$453.85 \$0.00 \$955.73 \$170,441.89
203 \$170,441.89 \$453.85 \$0.00 \$963.70 \$171,859.44
204 \$171,859.44 \$453.85 \$0.00 \$971.72 \$173,285.01
205 \$173,285.01 \$453.85 \$0.00 \$979.78 \$174,718.64
206 \$174,718.64 \$453.85 \$0.00 \$987.88 \$176,160.37
207 \$176,160.37 \$453.85 \$0.00 \$996.04 \$177,610.26
208 \$177,610.26 \$453.85 \$0.00 \$1,004.23 \$179,068.34
209 \$179,068.34 \$453.85 \$0.00 \$1,012.48 \$180,534.67
210 \$180,534.67 \$453.85 \$0.00 \$1,020.77 \$182,009.29
211 \$182,009.29 \$453.85 \$0.00 \$1,029.11 \$183,492.25
212 \$183,492.25 \$453.85 \$0.00 \$1,037.49 \$184,983.59
213 \$184,983.59 \$453.85 \$0.00 \$1,045.92 \$186,483.36
214 \$186,483.36 \$453.85 \$0.00 \$1,054.40 \$187,991.61
215 \$187,991.61 \$453.85 \$0.00 \$1,062.93 \$189,508.39
216 \$189,508.39 \$453.85 \$0.00 \$1,071.51 \$191,033.75
217 \$191,033.75 \$453.85 \$53,210.35 \$1,080.13 \$139,357.38
218 \$139,357.38 \$453.85 \$0.00 \$787.95 \$140,599.18
219 \$140,599.18 \$453.85 \$0.00 \$794.97 \$141,848.00
220 \$141,848.00 \$453.85 \$0.00 \$802.03 \$143,103.88
221 \$143,103.88 \$453.85 \$0.00 \$809.13 \$144,366.86
222 \$144,366.86 \$453.85 \$0.00 \$816.27 \$145,636.98
223 \$145,636.98 \$453.85 \$0.00 \$823.45 \$146,914.28
224 \$146,914.28 \$453.85 \$0.00 \$830.67 \$148,198.80
225 \$148,198.80 \$453.85 \$0.00 \$837.94 \$149,490.59
226 \$149,490.59 \$453.85 \$0.00 \$845.24 \$150,789.68
227 \$150,789.68 \$453.85 \$0.00 \$852.59 \$152,096.12
228 \$152,096.12 \$453.85 \$0.00 \$859.97 \$153,409.94
229 \$153,409.94 \$453.85 \$55,870.87 \$867.40 \$98,860.32
230 \$98,860.32 \$453.85 \$0.00 \$558.97 \$99,873.14
231 \$99,873.14 \$453.85 \$0.00 \$564.70 \$100,891.69
232 \$100,891.69 \$453.85 \$0.00 \$570.46 \$101,916.00
233 \$101,916.00 \$453.85 \$0.00 \$576.25 \$102,946.10
234 \$102,946.10 \$453.85 \$0.00 \$582.07 \$103,982.02
235 \$103,982.02 \$453.85 \$0.00 \$587.93 \$105,023.80
236 \$105,023.80 \$453.85 \$0.00 \$593.82 \$106,071.47
237 \$106,071.47 \$453.85 \$0.00 \$599.74 \$107,125.06
238 \$107,125.06 \$453.85 \$0.00 \$605.70 \$108,184.61
239 \$108,184.61 \$453.85 \$0.00 \$611.69 \$109,250.15
240 \$109,250.15 \$453.85 \$0.00 \$617.72 \$110,321.72
241 \$110,321.72 \$453.85 \$58,664.41 \$623.78 \$52,734.94
242 \$52,734.94 \$453.85 \$0.00 \$298.17 \$53,486.96
243 \$53,486.96 \$453.85 \$0.00 \$302.42 \$54,243.23
244 \$54,243.23 \$453.85 \$0.00 \$306.70 \$55,003.78
245 \$55,003.78 \$453.85 \$0.00 \$311.00 \$55,768.63
246 \$55,768.63 \$453.85 \$0.00 \$315.32 \$56,537.80
247 \$56,537.80 \$453.85 \$0.00 \$319.67 \$57,311.32
248 \$57,311.32 \$453.85 \$0.00 \$324.05 \$58,089.22
249 \$58,089.22 \$453.85 \$0.00 \$328.44 \$58,871.51
250 \$58,871.51 \$453.85 \$0.00 \$332.87 \$59,658.23
251 \$59,658.23 \$453.85 \$0.00 \$337.32 \$60,449.40
252 \$60,449.40 \$453.85 \$0.00 \$341.79 \$61,245.04
253 \$61,245.04 \$0.00 \$61,597.63 \$346.29 (\$6.30)