Savings Plan and Future Cost Estimation for Samford University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$202,343
Monthly savings required$1,599

How much will it cost to send your child to Samford University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $809,371.72 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,599.16 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$53,934.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

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

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,599.16 $0.00 $0.00 $1,599.16
2 $1,599.16 $1,599.16 $0.00 $9.04 $3,207.36
3 $3,207.36 $1,599.16 $0.00 $18.13 $4,824.65
4 $4,824.65 $1,599.16 $0.00 $27.28 $6,451.09
5 $6,451.09 $1,599.16 $0.00 $36.48 $8,086.73
6 $8,086.73 $1,599.16 $0.00 $45.72 $9,731.61
7 $9,731.61 $1,599.16 $0.00 $55.02 $11,385.79
8 $11,385.79 $1,599.16 $0.00 $64.38 $13,049.33
9 $13,049.33 $1,599.16 $0.00 $73.78 $14,722.27
10 $14,722.27 $1,599.16 $0.00 $83.24 $16,404.67
11 $16,404.67 $1,599.16 $0.00 $92.75 $18,096.58
12 $18,096.58 $1,599.16 $0.00 $102.32 $19,798.06
13 $19,798.06 $1,599.16 $0.00 $111.94 $21,509.16
14 $21,509.16 $1,599.16 $0.00 $121.62 $23,229.94
15 $23,229.94 $1,599.16 $0.00 $131.35 $24,960.45
16 $24,960.45 $1,599.16 $0.00 $141.13 $26,700.74
17 $26,700.74 $1,599.16 $0.00 $150.97 $28,450.87
18 $28,450.87 $1,599.16 $0.00 $160.87 $30,210.90
19 $30,210.90 $1,599.16 $0.00 $170.82 $31,980.88
20 $31,980.88 $1,599.16 $0.00 $180.82 $33,760.86
21 $33,760.86 $1,599.16 $0.00 $190.89 $35,550.91
22 $35,550.91 $1,599.16 $0.00 $201.01 $37,351.08
23 $37,351.08 $1,599.16 $0.00 $211.19 $39,161.43
24 $39,161.43 $1,599.16 $0.00 $221.42 $40,982.01
25 $40,982.01 $1,599.16 $0.00 $231.72 $42,812.89
26 $42,812.89 $1,599.16 $0.00 $242.07 $44,654.12
27 $44,654.12 $1,599.16 $0.00 $252.48 $46,505.76
28 $46,505.76 $1,599.16 $0.00 $262.95 $48,367.87
29 $48,367.87 $1,599.16 $0.00 $273.48 $50,240.51
30 $50,240.51 $1,599.16 $0.00 $284.07 $52,123.74
31 $52,123.74 $1,599.16 $0.00 $294.72 $54,017.62
32 $54,017.62 $1,599.16 $0.00 $305.42 $55,922.20
33 $55,922.20 $1,599.16 $0.00 $316.19 $57,837.55
34 $57,837.55 $1,599.16 $0.00 $327.02 $59,763.73
35 $59,763.73 $1,599.16 $0.00 $337.91 $61,700.80
36 $61,700.80 $1,599.16 $0.00 $348.87 $63,648.83
37 $63,648.83 $1,599.16 $0.00 $359.88 $65,607.87
38 $65,607.87 $1,599.16 $0.00 $370.96 $67,577.99
39 $67,577.99 $1,599.16 $0.00 $382.10 $69,559.25
40 $69,559.25 $1,599.16 $0.00 $393.30 $71,551.71
41 $71,551.71 $1,599.16 $0.00 $404.56 $73,555.43
42 $73,555.43 $1,599.16 $0.00 $415.89 $75,570.48
43 $75,570.48 $1,599.16 $0.00 $427.29 $77,596.93
44 $77,596.93 $1,599.16 $0.00 $438.74 $79,634.83
45 $79,634.83 $1,599.16 $0.00 $450.27 $81,684.26
46 $81,684.26 $1,599.16 $0.00 $461.85 $83,745.27
47 $83,745.27 $1,599.16 $0.00 $473.51 $85,817.94
48 $85,817.94 $1,599.16 $0.00 $485.23 $87,902.33
49 $87,902.33 $1,599.16 $0.00 $497.01 $89,998.50
50 $89,998.50 $1,599.16 $0.00 $508.86 $92,106.52
51 $92,106.52 $1,599.16 $0.00 $520.78 $94,226.46
52 $94,226.46 $1,599.16 $0.00 $532.77 $96,358.39
53 $96,358.39 $1,599.16 $0.00 $544.82 $98,502.37
54 $98,502.37 $1,599.16 $0.00 $556.95 $100,658.48
55 $100,658.48 $1,599.16 $0.00 $569.14 $102,826.78
56 $102,826.78 $1,599.16 $0.00 $581.40 $105,007.34
57 $105,007.34 $1,599.16 $0.00 $593.73 $107,200.23
58 $107,200.23 $1,599.16 $0.00 $606.13 $109,405.52
59 $109,405.52 $1,599.16 $0.00 $618.59 $111,623.27
60 $111,623.27 $1,599.16 $0.00 $631.13 $113,853.56
61 $113,853.56 $1,599.16 $0.00 $643.74 $116,096.46
62 $116,096.46 $1,599.16 $0.00 $656.43 $118,352.05
63 $118,352.05 $1,599.16 $0.00 $669.18 $120,620.39
64 $120,620.39 $1,599.16 $0.00 $682.01 $122,901.56
65 $122,901.56 $1,599.16 $0.00 $694.90 $125,195.62
66 $125,195.62 $1,599.16 $0.00 $707.87 $127,502.65
67 $127,502.65 $1,599.16 $0.00 $720.92 $129,822.73
68 $129,822.73 $1,599.16 $0.00 $734.04 $132,155.93
69 $132,155.93 $1,599.16 $0.00 $747.23 $134,502.32
70 $134,502.32 $1,599.16 $0.00 $760.50 $136,861.98
71 $136,861.98 $1,599.16 $0.00 $773.84 $139,234.98
72 $139,234.98 $1,599.16 $0.00 $787.25 $141,621.39
73 $141,621.39 $1,599.16 $0.00 $800.75 $144,021.30
74 $144,021.30 $1,599.16 $0.00 $814.32 $146,434.78
75 $146,434.78 $1,599.16 $0.00 $827.96 $148,861.90
76 $148,861.90 $1,599.16 $0.00 $841.69 $151,302.75
77 $151,302.75 $1,599.16 $0.00 $855.49 $153,757.40
78 $153,757.40 $1,599.16 $0.00 $869.37 $156,225.93
79 $156,225.93 $1,599.16 $0.00 $883.32 $158,708.41
80 $158,708.41 $1,599.16 $0.00 $897.36 $161,204.93
81 $161,204.93 $1,599.16 $0.00 $911.48 $163,715.57
82 $163,715.57 $1,599.16 $0.00 $925.67 $166,240.40
83 $166,240.40 $1,599.16 $0.00 $939.95 $168,779.51
84 $168,779.51 $1,599.16 $0.00 $954.30 $171,332.97
85 $171,332.97 $1,599.16 $0.00 $968.74 $173,900.87
86 $173,900.87 $1,599.16 $0.00 $983.26 $176,483.29
87 $176,483.29 $1,599.16 $0.00 $997.86 $179,080.31
88 $179,080.31 $1,599.16 $0.00 $1,012.55 $181,692.02
89 $181,692.02 $1,599.16 $0.00 $1,027.31 $184,318.49
90 $184,318.49 $1,599.16 $0.00 $1,042.16 $186,959.81
91 $186,959.81 $1,599.16 $0.00 $1,057.10 $189,616.07
92 $189,616.07 $1,599.16 $0.00 $1,072.12 $192,287.35
93 $192,287.35 $1,599.16 $0.00 $1,087.22 $194,973.73
94 $194,973.73 $1,599.16 $0.00 $1,102.41 $197,675.30
95 $197,675.30 $1,599.16 $0.00 $1,117.68 $200,392.14
96 $200,392.14 $1,599.16 $0.00 $1,133.05 $203,124.35
97 $203,124.35 $1,599.16 $0.00 $1,148.49 $205,872.00
98 $205,872.00 $1,599.16 $0.00 $1,164.03 $208,635.19
99 $208,635.19 $1,599.16 $0.00 $1,179.65 $211,414.00
100 $211,414.00 $1,599.16 $0.00 $1,195.37 $214,208.53
101 $214,208.53 $1,599.16 $0.00 $1,211.17 $217,018.86
102 $217,018.86 $1,599.16 $0.00 $1,227.06 $219,845.08
103 $219,845.08 $1,599.16 $0.00 $1,243.04 $222,687.28
104 $222,687.28 $1,599.16 $0.00 $1,259.11 $225,545.55
105 $225,545.55 $1,599.16 $0.00 $1,275.27 $228,419.98
106 $228,419.98 $1,599.16 $0.00 $1,291.52 $231,310.66
107 $231,310.66 $1,599.16 $0.00 $1,307.86 $234,217.68
108 $234,217.68 $1,599.16 $0.00 $1,324.30 $237,141.14
109 $237,141.14 $1,599.16 $0.00 $1,340.83 $240,081.13
110 $240,081.13 $1,599.16 $0.00 $1,357.45 $243,037.74
111 $243,037.74 $1,599.16 $0.00 $1,374.17 $246,011.07
112 $246,011.07 $1,599.16 $0.00 $1,390.98 $249,001.21
113 $249,001.21 $1,599.16 $0.00 $1,407.89 $252,008.26
114 $252,008.26 $1,599.16 $0.00 $1,424.89 $255,032.31
115 $255,032.31 $1,599.16 $0.00 $1,441.99 $258,073.46
116 $258,073.46 $1,599.16 $0.00 $1,459.18 $261,131.80
117 $261,131.80 $1,599.16 $0.00 $1,476.48 $264,207.44
118 $264,207.44 $1,599.16 $0.00 $1,493.87 $267,300.47
119 $267,300.47 $1,599.16 $0.00 $1,511.36 $270,410.99
120 $270,410.99 $1,599.16 $0.00 $1,528.94 $273,539.09
121 $273,539.09 $1,599.16 $0.00 $1,546.63 $276,684.88
122 $276,684.88 $1,599.16 $0.00 $1,564.42 $279,848.46
123 $279,848.46 $1,599.16 $0.00 $1,582.30 $283,029.92
124 $283,029.92 $1,599.16 $0.00 $1,600.29 $286,229.37
125 $286,229.37 $1,599.16 $0.00 $1,618.38 $289,446.91
126 $289,446.91 $1,599.16 $0.00 $1,636.57 $292,682.64
127 $292,682.64 $1,599.16 $0.00 $1,654.87 $295,936.67
128 $295,936.67 $1,599.16 $0.00 $1,673.27 $299,209.10
129 $299,209.10 $1,599.16 $0.00 $1,691.77 $302,500.03
130 $302,500.03 $1,599.16 $0.00 $1,710.38 $305,809.57
131 $305,809.57 $1,599.16 $0.00 $1,729.09 $309,137.82
132 $309,137.82 $1,599.16 $0.00 $1,747.91 $312,484.89
133 $312,484.89 $1,599.16 $0.00 $1,766.83 $315,850.88
134 $315,850.88 $1,599.16 $0.00 $1,785.87 $319,235.91
135 $319,235.91 $1,599.16 $0.00 $1,805.01 $322,640.08
136 $322,640.08 $1,599.16 $0.00 $1,824.25 $326,063.49
137 $326,063.49 $1,599.16 $0.00 $1,843.61 $329,506.26
138 $329,506.26 $1,599.16 $0.00 $1,863.08 $332,968.50
139 $332,968.50 $1,599.16 $0.00 $1,882.65 $336,450.31
140 $336,450.31 $1,599.16 $0.00 $1,902.34 $339,951.81
141 $339,951.81 $1,599.16 $0.00 $1,922.14 $343,473.11
142 $343,473.11 $1,599.16 $0.00 $1,942.05 $347,014.32
143 $347,014.32 $1,599.16 $0.00 $1,962.07 $350,575.55
144 $350,575.55 $1,599.16 $0.00 $1,982.21 $354,156.92
145 $354,156.92 $1,599.16 $0.00 $2,002.45 $357,758.53
146 $357,758.53 $1,599.16 $0.00 $2,022.82 $361,380.51
147 $361,380.51 $1,599.16 $0.00 $2,043.30 $365,022.97
148 $365,022.97 $1,599.16 $0.00 $2,063.89 $368,686.02
149 $368,686.02 $1,599.16 $0.00 $2,084.60 $372,369.78
150 $372,369.78 $1,599.16 $0.00 $2,105.43 $376,074.37
151 $376,074.37 $1,599.16 $0.00 $2,126.38 $379,799.91
152 $379,799.91 $1,599.16 $0.00 $2,147.44 $383,546.51
153 $383,546.51 $1,599.16 $0.00 $2,168.63 $387,314.30
154 $387,314.30 $1,599.16 $0.00 $2,189.93 $391,103.39
155 $391,103.39 $1,599.16 $0.00 $2,211.36 $394,913.91
156 $394,913.91 $1,599.16 $0.00 $2,232.90 $398,745.97
157 $398,745.97 $1,599.16 $0.00 $2,254.57 $402,599.70
158 $402,599.70 $1,599.16 $0.00 $2,276.36 $406,475.22
159 $406,475.22 $1,599.16 $0.00 $2,298.27 $410,372.65
160 $410,372.65 $1,599.16 $0.00 $2,320.31 $414,292.12
161 $414,292.12 $1,599.16 $0.00 $2,342.47 $418,233.75
162 $418,233.75 $1,599.16 $0.00 $2,364.75 $422,197.66
163 $422,197.66 $1,599.16 $0.00 $2,387.17 $426,183.99
164 $426,183.99 $1,599.16 $0.00 $2,409.71 $430,192.86
165 $430,192.86 $1,599.16 $0.00 $2,432.37 $434,224.39
166 $434,224.39 $1,599.16 $0.00 $2,455.17 $438,278.72
167 $438,278.72 $1,599.16 $0.00 $2,478.09 $442,355.97
168 $442,355.97 $1,599.16 $0.00 $2,501.14 $446,456.27
169 $446,456.27 $1,599.16 $0.00 $2,524.33 $450,579.76
170 $450,579.76 $1,599.16 $0.00 $2,547.64 $454,726.56
171 $454,726.56 $1,599.16 $0.00 $2,571.09 $458,896.81
172 $458,896.81 $1,599.16 $0.00 $2,594.67 $463,090.64
173 $463,090.64 $1,599.16 $0.00 $2,618.38 $467,308.18
174 $467,308.18 $1,599.16 $0.00 $2,642.23 $471,549.57
175 $471,549.57 $1,599.16 $0.00 $2,666.21 $475,814.94
176 $475,814.94 $1,599.16 $0.00 $2,690.33 $480,104.43
177 $480,104.43 $1,599.16 $0.00 $2,714.58 $484,418.17
178 $484,418.17 $1,599.16 $0.00 $2,738.97 $488,756.30
179 $488,756.30 $1,599.16 $0.00 $2,763.50 $493,118.96
180 $493,118.96 $1,599.16 $0.00 $2,788.17 $497,506.29
181 $497,506.29 $1,599.16 $0.00 $2,812.97 $501,918.42
182 $501,918.42 $1,599.16 $0.00 $2,837.92 $506,355.50
183 $506,355.50 $1,599.16 $0.00 $2,863.01 $510,817.67
184 $510,817.67 $1,599.16 $0.00 $2,888.24 $515,305.07
185 $515,305.07 $1,599.16 $0.00 $2,913.61 $519,817.84
186 $519,817.84 $1,599.16 $0.00 $2,939.13 $524,356.13
187 $524,356.13 $1,599.16 $0.00 $2,964.79 $528,920.08
188 $528,920.08 $1,599.16 $0.00 $2,990.59 $533,509.83
189 $533,509.83 $1,599.16 $0.00 $3,016.54 $538,125.53
190 $538,125.53 $1,599.16 $0.00 $3,042.64 $542,767.33
191 $542,767.33 $1,599.16 $0.00 $3,068.89 $547,435.38
192 $547,435.38 $1,599.16 $0.00 $3,095.28 $552,129.82
193 $552,129.82 $1,599.16 $0.00 $3,121.82 $556,850.80
194 $556,850.80 $1,599.16 $0.00 $3,148.52 $561,598.48
195 $561,598.48 $1,599.16 $0.00 $3,175.36 $566,373.00
196 $566,373.00 $1,599.16 $0.00 $3,202.36 $571,174.52
197 $571,174.52 $1,599.16 $0.00 $3,229.50 $576,003.18
198 $576,003.18 $1,599.16 $0.00 $3,256.81 $580,859.15
199 $580,859.15 $1,599.16 $0.00 $3,284.26 $585,742.57
200 $585,742.57 $1,599.16 $0.00 $3,311.87 $590,653.60
201 $590,653.60 $1,599.16 $0.00 $3,339.64 $595,592.40
202 $595,592.40 $1,599.16 $0.00 $3,367.57 $600,559.13
203 $600,559.13 $1,599.16 $0.00 $3,395.65 $605,553.94
204 $605,553.94 $1,599.16 $0.00 $3,423.89 $610,576.99
205 $610,576.99 $1,599.16 $0.00 $3,452.29 $615,628.44
206 $615,628.44 $1,599.16 $0.00 $3,480.85 $620,708.45
207 $620,708.45 $1,599.16 $0.00 $3,509.58 $625,817.19
208 $625,817.19 $1,599.16 $0.00 $3,538.46 $630,954.81
209 $630,954.81 $1,599.16 $0.00 $3,567.51 $636,121.48
210 $636,121.48 $1,599.16 $0.00 $3,596.72 $641,317.36
211 $641,317.36 $1,599.16 $0.00 $3,626.10 $646,542.62
212 $646,542.62 $1,599.16 $0.00 $3,655.65 $651,797.43
213 $651,797.43 $1,599.16 $0.00 $3,685.36 $657,081.95
214 $657,081.95 $1,599.16 $0.00 $3,715.24 $662,396.35
215 $662,396.35 $1,599.16 $0.00 $3,745.29 $667,740.80
216 $667,740.80 $1,599.16 $0.00 $3,775.50 $673,115.46
217 $673,115.46 $1,599.16 $182,293.27 $3,805.89 $496,227.24
218 $496,227.24 $1,599.16 $0.00 $2,805.74 $500,632.14
219 $500,632.14 $1,599.16 $0.00 $2,830.65 $505,061.95
220 $505,061.95 $1,599.16 $0.00 $2,855.69 $509,516.80
221 $509,516.80 $1,599.16 $0.00 $2,880.88 $513,996.84
222 $513,996.84 $1,599.16 $0.00 $2,906.21 $518,502.21
223 $518,502.21 $1,599.16 $0.00 $2,931.69 $523,033.06
224 $523,033.06 $1,599.16 $0.00 $2,957.30 $527,589.52
225 $527,589.52 $1,599.16 $0.00 $2,983.07 $532,171.75
226 $532,171.75 $1,599.16 $0.00 $3,008.98 $536,779.89
227 $536,779.89 $1,599.16 $0.00 $3,035.03 $541,414.08
228 $541,414.08 $1,599.16 $0.00 $3,061.23 $546,074.47
229 $546,074.47 $1,599.16 $195,053.80 $3,087.58 $355,707.41
230 $355,707.41 $1,599.16 $0.00 $2,011.22 $359,317.79
231 $359,317.79 $1,599.16 $0.00 $2,031.64 $362,948.59
232 $362,948.59 $1,599.16 $0.00 $2,052.16 $366,599.91
233 $366,599.91 $1,599.16 $0.00 $2,072.81 $370,271.88
234 $370,271.88 $1,599.16 $0.00 $2,093.57 $373,964.61
235 $373,964.61 $1,599.16 $0.00 $2,114.45 $377,678.22
236 $377,678.22 $1,599.16 $0.00 $2,135.45 $381,412.83
237 $381,412.83 $1,599.16 $0.00 $2,156.56 $385,168.55
238 $385,168.55 $1,599.16 $0.00 $2,177.80 $388,945.51
239 $388,945.51 $1,599.16 $0.00 $2,199.15 $392,743.82
240 $392,743.82 $1,599.16 $0.00 $2,220.63 $396,563.61
241 $396,563.61 $1,599.16 $208,707.56 $2,242.23 $191,697.44
242 $191,697.44 $1,599.16 $0.00 $1,083.89 $194,380.49
243 $194,380.49 $1,599.16 $0.00 $1,099.06 $197,078.71
244 $197,078.71 $1,599.16 $0.00 $1,114.31 $199,792.18
245 $199,792.18 $1,599.16 $0.00 $1,129.65 $202,520.99
246 $202,520.99 $1,599.16 $0.00 $1,145.08 $205,265.23
247 $205,265.23 $1,599.16 $0.00 $1,160.60 $208,024.99
248 $208,024.99 $1,599.16 $0.00 $1,176.20 $210,800.35
249 $210,800.35 $1,599.16 $0.00 $1,191.90 $213,591.41
250 $213,591.41 $1,599.16 $0.00 $1,207.68 $216,398.25
251 $216,398.25 $1,599.16 $0.00 $1,223.55 $219,220.96
252 $219,220.96 $1,599.16 $0.00 $1,239.51 $222,059.63
253 $222,059.63 $0.00 $223,317.09 $1,255.56 -$1.90