Savings Plan and Future Cost Estimation for Selma University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$24,324
Monthly savings required$193

How much will it cost to send your child to Selma University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $97,297.14 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $192.54 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$9,380.00
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 $192.54 $0.00 $0.00 $192.54
2 $192.54 $192.54 $0.00 $1.09 $386.17
3 $386.17 $192.54 $0.00 $2.18 $580.89
4 $580.89 $192.54 $0.00 $3.28 $776.71
5 $776.71 $192.54 $0.00 $4.39 $973.64
6 $973.64 $192.54 $0.00 $5.51 $1,171.69
7 $1,171.69 $192.54 $0.00 $6.62 $1,370.85
8 $1,370.85 $192.54 $0.00 $7.75 $1,571.14
9 $1,571.14 $192.54 $0.00 $8.88 $1,772.56
10 $1,772.56 $192.54 $0.00 $10.02 $1,975.12
11 $1,975.12 $192.54 $0.00 $11.17 $2,178.83
12 $2,178.83 $192.54 $0.00 $12.32 $2,383.69
13 $2,383.69 $192.54 $0.00 $13.48 $2,589.71
14 $2,589.71 $192.54 $0.00 $14.64 $2,796.89
15 $2,796.89 $192.54 $0.00 $15.81 $3,005.24
16 $3,005.24 $192.54 $0.00 $16.99 $3,214.77
17 $3,214.77 $192.54 $0.00 $18.18 $3,425.49
18 $3,425.49 $192.54 $0.00 $19.37 $3,637.40
19 $3,637.40 $192.54 $0.00 $20.57 $3,850.51
20 $3,850.51 $192.54 $0.00 $21.77 $4,064.82
21 $4,064.82 $192.54 $0.00 $22.98 $4,280.34
22 $4,280.34 $192.54 $0.00 $24.20 $4,497.08
23 $4,497.08 $192.54 $0.00 $25.43 $4,715.05
24 $4,715.05 $192.54 $0.00 $26.66 $4,934.25
25 $4,934.25 $192.54 $0.00 $27.90 $5,154.69
26 $5,154.69 $192.54 $0.00 $29.15 $5,376.38
27 $5,376.38 $192.54 $0.00 $30.40 $5,599.32
28 $5,599.32 $192.54 $0.00 $31.66 $5,823.52
29 $5,823.52 $192.54 $0.00 $32.93 $6,048.99
30 $6,048.99 $192.54 $0.00 $34.20 $6,275.73
31 $6,275.73 $192.54 $0.00 $35.48 $6,503.75
32 $6,503.75 $192.54 $0.00 $36.77 $6,733.06
33 $6,733.06 $192.54 $0.00 $38.07 $6,963.67
34 $6,963.67 $192.54 $0.00 $39.37 $7,195.58
35 $7,195.58 $192.54 $0.00 $40.68 $7,428.80
36 $7,428.80 $192.54 $0.00 $42.00 $7,663.34
37 $7,663.34 $192.54 $0.00 $43.33 $7,899.21
38 $7,899.21 $192.54 $0.00 $44.66 $8,136.41
39 $8,136.41 $192.54 $0.00 $46.00 $8,374.95
40 $8,374.95 $192.54 $0.00 $47.35 $8,614.84
41 $8,614.84 $192.54 $0.00 $48.71 $8,856.09
42 $8,856.09 $192.54 $0.00 $50.07 $9,098.70
43 $9,098.70 $192.54 $0.00 $51.45 $9,342.69
44 $9,342.69 $192.54 $0.00 $52.82 $9,588.05
45 $9,588.05 $192.54 $0.00 $54.21 $9,834.80
46 $9,834.80 $192.54 $0.00 $55.61 $10,082.95
47 $10,082.95 $192.54 $0.00 $57.01 $10,332.50
48 $10,332.50 $192.54 $0.00 $58.42 $10,583.46
49 $10,583.46 $192.54 $0.00 $59.84 $10,835.84
50 $10,835.84 $192.54 $0.00 $61.27 $11,089.65
51 $11,089.65 $192.54 $0.00 $62.70 $11,344.89
52 $11,344.89 $192.54 $0.00 $64.15 $11,601.58
53 $11,601.58 $192.54 $0.00 $65.60 $11,859.72
54 $11,859.72 $192.54 $0.00 $67.06 $12,119.32
55 $12,119.32 $192.54 $0.00 $68.52 $12,380.38
56 $12,380.38 $192.54 $0.00 $70.00 $12,642.92
57 $12,642.92 $192.54 $0.00 $71.48 $12,906.94
58 $12,906.94 $192.54 $0.00 $72.98 $13,172.46
59 $13,172.46 $192.54 $0.00 $74.48 $13,439.48
60 $13,439.48 $192.54 $0.00 $75.99 $13,708.01
61 $13,708.01 $192.54 $0.00 $77.51 $13,978.06
62 $13,978.06 $192.54 $0.00 $79.03 $14,249.63
63 $14,249.63 $192.54 $0.00 $80.57 $14,522.74
64 $14,522.74 $192.54 $0.00 $82.11 $14,797.39
65 $14,797.39 $192.54 $0.00 $83.67 $15,073.60
66 $15,073.60 $192.54 $0.00 $85.23 $15,351.37
67 $15,351.37 $192.54 $0.00 $86.80 $15,630.71
68 $15,630.71 $192.54 $0.00 $88.38 $15,911.63
69 $15,911.63 $192.54 $0.00 $89.97 $16,194.14
70 $16,194.14 $192.54 $0.00 $91.56 $16,478.24
71 $16,478.24 $192.54 $0.00 $93.17 $16,763.95
72 $16,763.95 $192.54 $0.00 $94.79 $17,051.28
73 $17,051.28 $192.54 $0.00 $96.41 $17,340.23
74 $17,340.23 $192.54 $0.00 $98.04 $17,630.81
75 $17,630.81 $192.54 $0.00 $99.69 $17,923.04
76 $17,923.04 $192.54 $0.00 $101.34 $18,216.92
77 $18,216.92 $192.54 $0.00 $103.00 $18,512.46
78 $18,512.46 $192.54 $0.00 $104.67 $18,809.67
79 $18,809.67 $192.54 $0.00 $106.35 $19,108.56
80 $19,108.56 $192.54 $0.00 $108.04 $19,409.14
81 $19,409.14 $192.54 $0.00 $109.74 $19,711.42
82 $19,711.42 $192.54 $0.00 $111.45 $20,015.41
83 $20,015.41 $192.54 $0.00 $113.17 $20,321.12
84 $20,321.12 $192.54 $0.00 $114.90 $20,628.56
85 $20,628.56 $192.54 $0.00 $116.64 $20,937.74
86 $20,937.74 $192.54 $0.00 $118.39 $21,248.67
87 $21,248.67 $192.54 $0.00 $120.14 $21,561.35
88 $21,561.35 $192.54 $0.00 $121.91 $21,875.80
89 $21,875.80 $192.54 $0.00 $123.69 $22,192.03
90 $22,192.03 $192.54 $0.00 $125.48 $22,510.05
91 $22,510.05 $192.54 $0.00 $127.28 $22,829.87
92 $22,829.87 $192.54 $0.00 $129.08 $23,151.49
93 $23,151.49 $192.54 $0.00 $130.90 $23,474.93
94 $23,474.93 $192.54 $0.00 $132.73 $23,800.20
95 $23,800.20 $192.54 $0.00 $134.57 $24,127.31
96 $24,127.31 $192.54 $0.00 $136.42 $24,456.27
97 $24,456.27 $192.54 $0.00 $138.28 $24,787.09
98 $24,787.09 $192.54 $0.00 $140.15 $25,119.78
99 $25,119.78 $192.54 $0.00 $142.03 $25,454.35
100 $25,454.35 $192.54 $0.00 $143.92 $25,790.81
101 $25,790.81 $192.54 $0.00 $145.82 $26,129.17
102 $26,129.17 $192.54 $0.00 $147.74 $26,469.45
103 $26,469.45 $192.54 $0.00 $149.66 $26,811.65
104 $26,811.65 $192.54 $0.00 $151.60 $27,155.79
105 $27,155.79 $192.54 $0.00 $153.54 $27,501.87
106 $27,501.87 $192.54 $0.00 $155.50 $27,849.91
107 $27,849.91 $192.54 $0.00 $157.47 $28,199.92
108 $28,199.92 $192.54 $0.00 $159.45 $28,551.91
109 $28,551.91 $192.54 $0.00 $161.44 $28,905.89
110 $28,905.89 $192.54 $0.00 $163.44 $29,261.87
111 $29,261.87 $192.54 $0.00 $165.45 $29,619.86
112 $29,619.86 $192.54 $0.00 $167.47 $29,979.87
113 $29,979.87 $192.54 $0.00 $169.51 $30,341.92
114 $30,341.92 $192.54 $0.00 $171.56 $30,706.02
115 $30,706.02 $192.54 $0.00 $173.62 $31,072.18
116 $31,072.18 $192.54 $0.00 $175.69 $31,440.41
117 $31,440.41 $192.54 $0.00 $177.77 $31,810.72
118 $31,810.72 $192.54 $0.00 $179.86 $32,183.12
119 $32,183.12 $192.54 $0.00 $181.97 $32,557.63
120 $32,557.63 $192.54 $0.00 $184.09 $32,934.26
121 $32,934.26 $192.54 $0.00 $186.22 $33,313.02
122 $33,313.02 $192.54 $0.00 $188.36 $33,693.92
123 $33,693.92 $192.54 $0.00 $190.51 $34,076.97
124 $34,076.97 $192.54 $0.00 $192.68 $34,462.19
125 $34,462.19 $192.54 $0.00 $194.85 $34,849.58
126 $34,849.58 $192.54 $0.00 $197.04 $35,239.16
127 $35,239.16 $192.54 $0.00 $199.25 $35,630.95
128 $35,630.95 $192.54 $0.00 $201.46 $36,024.95
129 $36,024.95 $192.54 $0.00 $203.69 $36,421.18
130 $36,421.18 $192.54 $0.00 $205.93 $36,819.65
131 $36,819.65 $192.54 $0.00 $208.18 $37,220.37
132 $37,220.37 $192.54 $0.00 $210.45 $37,623.36
133 $37,623.36 $192.54 $0.00 $212.73 $38,028.63
134 $38,028.63 $192.54 $0.00 $215.02 $38,436.19
135 $38,436.19 $192.54 $0.00 $217.32 $38,846.05
136 $38,846.05 $192.54 $0.00 $219.64 $39,258.23
137 $39,258.23 $192.54 $0.00 $221.97 $39,672.74
138 $39,672.74 $192.54 $0.00 $224.32 $40,089.60
139 $40,089.60 $192.54 $0.00 $226.67 $40,508.81
140 $40,508.81 $192.54 $0.00 $229.04 $40,930.39
141 $40,930.39 $192.54 $0.00 $231.43 $41,354.36
142 $41,354.36 $192.54 $0.00 $233.82 $41,780.72
143 $41,780.72 $192.54 $0.00 $236.23 $42,209.49
144 $42,209.49 $192.54 $0.00 $238.66 $42,640.69
145 $42,640.69 $192.54 $0.00 $241.10 $43,074.33
146 $43,074.33 $192.54 $0.00 $243.55 $43,510.42
147 $43,510.42 $192.54 $0.00 $246.01 $43,948.97
148 $43,948.97 $192.54 $0.00 $248.49 $44,390.00
149 $44,390.00 $192.54 $0.00 $250.99 $44,833.53
150 $44,833.53 $192.54 $0.00 $253.50 $45,279.57
151 $45,279.57 $192.54 $0.00 $256.02 $45,728.13
152 $45,728.13 $192.54 $0.00 $258.55 $46,179.22
153 $46,179.22 $192.54 $0.00 $261.10 $46,632.86
154 $46,632.86 $192.54 $0.00 $263.67 $47,089.07
155 $47,089.07 $192.54 $0.00 $266.25 $47,547.86
156 $47,547.86 $192.54 $0.00 $268.84 $48,009.24
157 $48,009.24 $192.54 $0.00 $271.45 $48,473.23
158 $48,473.23 $192.54 $0.00 $274.07 $48,939.84
159 $48,939.84 $192.54 $0.00 $276.71 $49,409.09
160 $49,409.09 $192.54 $0.00 $279.37 $49,881.00
161 $49,881.00 $192.54 $0.00 $282.03 $50,355.57
162 $50,355.57 $192.54 $0.00 $284.72 $50,832.83
163 $50,832.83 $192.54 $0.00 $287.42 $51,312.79
164 $51,312.79 $192.54 $0.00 $290.13 $51,795.46
165 $51,795.46 $192.54 $0.00 $292.86 $52,280.86
166 $52,280.86 $192.54 $0.00 $295.60 $52,769.00
167 $52,769.00 $192.54 $0.00 $298.36 $53,259.90
168 $53,259.90 $192.54 $0.00 $301.14 $53,753.58
169 $53,753.58 $192.54 $0.00 $303.93 $54,250.05
170 $54,250.05 $192.54 $0.00 $306.74 $54,749.33
171 $54,749.33 $192.54 $0.00 $309.56 $55,251.43
172 $55,251.43 $192.54 $0.00 $312.40 $55,756.37
173 $55,756.37 $192.54 $0.00 $315.25 $56,264.16
174 $56,264.16 $192.54 $0.00 $318.13 $56,774.83
175 $56,774.83 $192.54 $0.00 $321.01 $57,288.38
176 $57,288.38 $192.54 $0.00 $323.92 $57,804.84
177 $57,804.84 $192.54 $0.00 $326.84 $58,324.22
178 $58,324.22 $192.54 $0.00 $329.77 $58,846.53
179 $58,846.53 $192.54 $0.00 $332.73 $59,371.80
180 $59,371.80 $192.54 $0.00 $335.70 $59,900.04
181 $59,900.04 $192.54 $0.00 $338.68 $60,431.26
182 $60,431.26 $192.54 $0.00 $341.69 $60,965.49
183 $60,965.49 $192.54 $0.00 $344.71 $61,502.74
184 $61,502.74 $192.54 $0.00 $347.75 $62,043.03
185 $62,043.03 $192.54 $0.00 $350.80 $62,586.37
186 $62,586.37 $192.54 $0.00 $353.87 $63,132.78
187 $63,132.78 $192.54 $0.00 $356.96 $63,682.28
188 $63,682.28 $192.54 $0.00 $360.07 $64,234.89
189 $64,234.89 $192.54 $0.00 $363.19 $64,790.62
190 $64,790.62 $192.54 $0.00 $366.34 $65,349.50
191 $65,349.50 $192.54 $0.00 $369.50 $65,911.54
192 $65,911.54 $192.54 $0.00 $372.67 $66,476.75
193 $66,476.75 $192.54 $0.00 $375.87 $67,045.16
194 $67,045.16 $192.54 $0.00 $379.08 $67,616.78
195 $67,616.78 $192.54 $0.00 $382.32 $68,191.64
196 $68,191.64 $192.54 $0.00 $385.57 $68,769.75
197 $68,769.75 $192.54 $0.00 $388.83 $69,351.12
198 $69,351.12 $192.54 $0.00 $392.12 $69,935.78
199 $69,935.78 $192.54 $0.00 $395.43 $70,523.75
200 $70,523.75 $192.54 $0.00 $398.75 $71,115.04
201 $71,115.04 $192.54 $0.00 $402.09 $71,709.67
202 $71,709.67 $192.54 $0.00 $405.46 $72,307.67
203 $72,307.67 $192.54 $0.00 $408.84 $72,909.05
204 $72,909.05 $192.54 $0.00 $412.24 $73,513.83
205 $73,513.83 $192.54 $0.00 $415.66 $74,122.03
206 $74,122.03 $192.54 $0.00 $419.10 $74,733.67
207 $74,733.67 $192.54 $0.00 $422.56 $75,348.77
208 $75,348.77 $192.54 $0.00 $426.03 $75,967.34
209 $75,967.34 $192.54 $0.00 $429.53 $76,589.41
210 $76,589.41 $192.54 $0.00 $433.05 $77,215.00
211 $77,215.00 $192.54 $0.00 $436.58 $77,844.12
212 $77,844.12 $192.54 $0.00 $440.14 $78,476.80
213 $78,476.80 $192.54 $0.00 $443.72 $79,113.06
214 $79,113.06 $192.54 $0.00 $447.32 $79,752.92
215 $79,752.92 $192.54 $0.00 $450.93 $80,396.39
216 $80,396.39 $192.54 $0.00 $454.57 $81,043.50
217 $81,043.50 $192.54 $22,574.09 $458.23 $59,120.18
218 $59,120.18 $192.54 $0.00 $334.27 $59,646.99
219 $59,646.99 $192.54 $0.00 $337.25 $60,176.78
220 $60,176.78 $192.54 $0.00 $340.25 $60,709.57
221 $60,709.57 $192.54 $0.00 $343.26 $61,245.37
222 $61,245.37 $192.54 $0.00 $346.29 $61,784.20
223 $61,784.20 $192.54 $0.00 $349.34 $62,326.08
224 $62,326.08 $192.54 $0.00 $352.40 $62,871.02
225 $62,871.02 $192.54 $0.00 $355.48 $63,419.04
226 $63,419.04 $192.54 $0.00 $358.58 $63,970.16
227 $63,970.16 $192.54 $0.00 $361.70 $64,524.40
228 $64,524.40 $192.54 $0.00 $364.83 $65,081.77
229 $65,081.77 $192.54 $23,702.79 $367.98 $41,939.50
230 $41,939.50 $192.54 $0.00 $237.13 $42,369.17
231 $42,369.17 $192.54 $0.00 $239.56 $42,801.27
232 $42,801.27 $192.54 $0.00 $242.00 $43,235.81
233 $43,235.81 $192.54 $0.00 $244.46 $43,672.81
234 $43,672.81 $192.54 $0.00 $246.93 $44,112.28
235 $44,112.28 $192.54 $0.00 $249.42 $44,554.24
236 $44,554.24 $192.54 $0.00 $251.92 $44,998.70
237 $44,998.70 $192.54 $0.00 $254.43 $45,445.67
238 $45,445.67 $192.54 $0.00 $256.96 $45,895.17
239 $45,895.17 $192.54 $0.00 $259.50 $46,347.21
240 $46,347.21 $192.54 $0.00 $262.05 $46,801.80
241 $46,801.80 $192.54 $24,887.93 $264.62 $22,371.03
242 $22,371.03 $192.54 $0.00 $126.49 $22,690.06
243 $22,690.06 $192.54 $0.00 $128.29 $23,010.89
244 $23,010.89 $192.54 $0.00 $130.11 $23,333.54
245 $23,333.54 $192.54 $0.00 $131.93 $23,658.01
246 $23,658.01 $192.54 $0.00 $133.77 $23,984.32
247 $23,984.32 $192.54 $0.00 $135.61 $24,312.47
248 $24,312.47 $192.54 $0.00 $137.47 $24,642.48
249 $24,642.48 $192.54 $0.00 $139.33 $24,974.35
250 $24,974.35 $192.54 $0.00 $141.21 $25,308.10
251 $25,308.10 $192.54 $0.00 $143.10 $25,643.74
252 $25,643.74 $192.54 $0.00 $144.99 $25,981.27
253 $25,981.27 $0.00 $26,132.33 $146.90 ($4.16)