How much will it cost and what do you need to save?
Estimated Annual Cost in 2041 | $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 2041 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.
Current Annual Cost | $9,380.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 5% |
Current Savings | $0.00 |
After Tax Return on Savings | 7% |
Years of enrollment | 4 |
Discover how much will you need to start saving now to afford Selma University in the future.
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) |