Savings Plan and Future Cost Estimation for The University of Alabama

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$77,838
Monthly savings required$616

How much will it cost to send your child to The University of Alabama in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $311,350.86 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $616.15 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$30,016.00
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 $616.15 $0.00 $0.00 $616.15
2 $616.15 $616.15 $0.00 $3.48 $1,235.78
3 $1,235.78 $616.15 $0.00 $6.99 $1,858.92
4 $1,858.92 $616.15 $0.00 $10.51 $2,485.58
5 $2,485.58 $616.15 $0.00 $14.05 $3,115.78
6 $3,115.78 $616.15 $0.00 $17.62 $3,749.55
7 $3,749.55 $616.15 $0.00 $21.20 $4,386.90
8 $4,386.90 $616.15 $0.00 $24.80 $5,027.85
9 $5,027.85 $616.15 $0.00 $28.43 $5,672.43
10 $5,672.43 $616.15 $0.00 $32.07 $6,320.65
11 $6,320.65 $616.15 $0.00 $35.74 $6,972.54
12 $6,972.54 $616.15 $0.00 $39.42 $7,628.11
13 $7,628.11 $616.15 $0.00 $43.13 $8,287.39
14 $8,287.39 $616.15 $0.00 $46.86 $8,950.40
15 $8,950.40 $616.15 $0.00 $50.61 $9,617.16
16 $9,617.16 $616.15 $0.00 $54.38 $10,287.69
17 $10,287.69 $616.15 $0.00 $58.17 $10,962.01
18 $10,962.01 $616.15 $0.00 $61.98 $11,640.14
19 $11,640.14 $616.15 $0.00 $65.82 $12,322.11
20 $12,322.11 $616.15 $0.00 $69.67 $13,007.93
21 $13,007.93 $616.15 $0.00 $73.55 $13,697.63
22 $13,697.63 $616.15 $0.00 $77.45 $14,391.23
23 $14,391.23 $616.15 $0.00 $81.37 $15,088.75
24 $15,088.75 $616.15 $0.00 $85.31 $15,790.21
25 $15,790.21 $616.15 $0.00 $89.28 $16,495.64
26 $16,495.64 $616.15 $0.00 $93.27 $17,205.06
27 $17,205.06 $616.15 $0.00 $97.28 $17,918.49
28 $17,918.49 $616.15 $0.00 $101.31 $18,635.95
29 $18,635.95 $616.15 $0.00 $105.37 $19,357.47
30 $19,357.47 $616.15 $0.00 $109.45 $20,083.07
31 $20,083.07 $616.15 $0.00 $113.55 $20,812.77
32 $20,812.77 $616.15 $0.00 $117.68 $21,546.60
33 $21,546.60 $616.15 $0.00 $121.83 $22,284.58
34 $22,284.58 $616.15 $0.00 $126.00 $23,026.73
35 $23,026.73 $616.15 $0.00 $130.20 $23,773.08
36 $23,773.08 $616.15 $0.00 $134.42 $24,523.65
37 $24,523.65 $616.15 $0.00 $138.66 $25,278.46
38 $25,278.46 $616.15 $0.00 $142.93 $26,037.54
39 $26,037.54 $616.15 $0.00 $147.22 $26,800.91
40 $26,800.91 $616.15 $0.00 $151.54 $27,568.60
41 $27,568.60 $616.15 $0.00 $155.88 $28,340.63
42 $28,340.63 $616.15 $0.00 $160.24 $29,117.02
43 $29,117.02 $616.15 $0.00 $164.63 $29,897.80
44 $29,897.80 $616.15 $0.00 $169.05 $30,683.00
45 $30,683.00 $616.15 $0.00 $173.49 $31,472.64
46 $31,472.64 $616.15 $0.00 $177.95 $32,266.74
47 $32,266.74 $616.15 $0.00 $182.44 $33,065.33
48 $33,065.33 $616.15 $0.00 $186.96 $33,868.44
49 $33,868.44 $616.15 $0.00 $191.50 $34,676.09
50 $34,676.09 $616.15 $0.00 $196.06 $35,488.30
51 $35,488.30 $616.15 $0.00 $200.66 $36,305.11
52 $36,305.11 $616.15 $0.00 $205.27 $37,126.53
53 $37,126.53 $616.15 $0.00 $209.92 $37,952.60
54 $37,952.60 $616.15 $0.00 $214.59 $38,783.34
55 $38,783.34 $616.15 $0.00 $219.29 $39,618.78
56 $39,618.78 $616.15 $0.00 $224.01 $40,458.94
57 $40,458.94 $616.15 $0.00 $228.76 $41,303.85
58 $41,303.85 $616.15 $0.00 $233.54 $42,153.54
59 $42,153.54 $616.15 $0.00 $238.34 $43,008.03
60 $43,008.03 $616.15 $0.00 $243.17 $43,867.35
61 $43,867.35 $616.15 $0.00 $248.03 $44,731.53
62 $44,731.53 $616.15 $0.00 $252.92 $45,600.60
63 $45,600.60 $616.15 $0.00 $257.83 $46,474.58
64 $46,474.58 $616.15 $0.00 $262.77 $47,353.50
65 $47,353.50 $616.15 $0.00 $267.74 $48,237.39
66 $48,237.39 $616.15 $0.00 $272.74 $49,126.28
67 $49,126.28 $616.15 $0.00 $277.77 $50,020.20
68 $50,020.20 $616.15 $0.00 $282.82 $50,919.17
69 $50,919.17 $616.15 $0.00 $287.90 $51,823.22
70 $51,823.22 $616.15 $0.00 $293.02 $52,732.39
71 $52,732.39 $616.15 $0.00 $298.16 $53,646.70
72 $53,646.70 $616.15 $0.00 $303.33 $54,566.18
73 $54,566.18 $616.15 $0.00 $308.53 $55,490.86
74 $55,490.86 $616.15 $0.00 $313.75 $56,420.76
75 $56,420.76 $616.15 $0.00 $319.01 $57,355.92
76 $57,355.92 $616.15 $0.00 $324.30 $58,296.37
77 $58,296.37 $616.15 $0.00 $329.62 $59,242.14
78 $59,242.14 $616.15 $0.00 $334.96 $60,193.25
79 $60,193.25 $616.15 $0.00 $340.34 $61,149.74
80 $61,149.74 $616.15 $0.00 $345.75 $62,111.64
81 $62,111.64 $616.15 $0.00 $351.19 $63,078.98
82 $63,078.98 $616.15 $0.00 $356.66 $64,051.79
83 $64,051.79 $616.15 $0.00 $362.16 $65,030.10
84 $65,030.10 $616.15 $0.00 $367.69 $66,013.94
85 $66,013.94 $616.15 $0.00 $373.25 $67,003.34
86 $67,003.34 $616.15 $0.00 $378.85 $67,998.34
87 $67,998.34 $616.15 $0.00 $384.47 $68,998.96
88 $68,998.96 $616.15 $0.00 $390.13 $70,005.24
89 $70,005.24 $616.15 $0.00 $395.82 $71,017.21
90 $71,017.21 $616.15 $0.00 $401.54 $72,034.90
91 $72,034.90 $616.15 $0.00 $407.30 $73,058.35
92 $73,058.35 $616.15 $0.00 $413.08 $74,087.58
93 $74,087.58 $616.15 $0.00 $418.90 $75,122.63
94 $75,122.63 $616.15 $0.00 $424.75 $76,163.53
95 $76,163.53 $616.15 $0.00 $430.64 $77,210.32
96 $77,210.32 $616.15 $0.00 $436.56 $78,263.03
97 $78,263.03 $616.15 $0.00 $442.51 $79,321.69
98 $79,321.69 $616.15 $0.00 $448.50 $80,386.34
99 $80,386.34 $616.15 $0.00 $454.52 $81,457.01
100 $81,457.01 $616.15 $0.00 $460.57 $82,533.73
101 $82,533.73 $616.15 $0.00 $466.66 $83,616.54
102 $83,616.54 $616.15 $0.00 $472.78 $84,705.47
103 $84,705.47 $616.15 $0.00 $478.94 $85,800.56
104 $85,800.56 $616.15 $0.00 $485.13 $86,901.84
105 $86,901.84 $616.15 $0.00 $491.36 $88,009.35
106 $88,009.35 $616.15 $0.00 $497.62 $89,123.12
107 $89,123.12 $616.15 $0.00 $503.92 $90,243.19
108 $90,243.19 $616.15 $0.00 $510.25 $91,369.59
109 $91,369.59 $616.15 $0.00 $516.62 $92,502.36
110 $92,502.36 $616.15 $0.00 $523.02 $93,641.53
111 $93,641.53 $616.15 $0.00 $529.46 $94,787.14
112 $94,787.14 $616.15 $0.00 $535.94 $95,939.23
113 $95,939.23 $616.15 $0.00 $542.45 $97,097.83
114 $97,097.83 $616.15 $0.00 $549.01 $98,262.99
115 $98,262.99 $616.15 $0.00 $555.59 $99,434.73
116 $99,434.73 $616.15 $0.00 $562.22 $100,613.10
117 $100,613.10 $616.15 $0.00 $568.88 $101,798.13
118 $101,798.13 $616.15 $0.00 $575.58 $102,989.86
119 $102,989.86 $616.15 $0.00 $582.32 $104,188.33
120 $104,188.33 $616.15 $0.00 $589.10 $105,393.58
121 $105,393.58 $616.15 $0.00 $595.91 $106,605.64
122 $106,605.64 $616.15 $0.00 $602.76 $107,824.55
123 $107,824.55 $616.15 $0.00 $609.66 $109,050.36
124 $109,050.36 $616.15 $0.00 $616.59 $110,283.10
125 $110,283.10 $616.15 $0.00 $623.56 $111,522.81
126 $111,522.81 $616.15 $0.00 $630.57 $112,769.53
127 $112,769.53 $616.15 $0.00 $637.62 $114,023.30
128 $114,023.30 $616.15 $0.00 $644.70 $115,284.15
129 $115,284.15 $616.15 $0.00 $651.83 $116,552.13
130 $116,552.13 $616.15 $0.00 $659.00 $117,827.28
131 $117,827.28 $616.15 $0.00 $666.21 $119,109.64
132 $119,109.64 $616.15 $0.00 $673.46 $120,399.25
133 $120,399.25 $616.15 $0.00 $680.75 $121,696.15
134 $121,696.15 $616.15 $0.00 $688.09 $123,000.39
135 $123,000.39 $616.15 $0.00 $695.46 $124,312.00
136 $124,312.00 $616.15 $0.00 $702.88 $125,631.03
137 $125,631.03 $616.15 $0.00 $710.34 $126,957.52
138 $126,957.52 $616.15 $0.00 $717.84 $128,291.51
139 $128,291.51 $616.15 $0.00 $725.38 $129,633.04
140 $129,633.04 $616.15 $0.00 $732.96 $130,982.15
141 $130,982.15 $616.15 $0.00 $740.59 $132,338.89
142 $132,338.89 $616.15 $0.00 $748.26 $133,703.30
143 $133,703.30 $616.15 $0.00 $755.98 $135,075.43
144 $135,075.43 $616.15 $0.00 $763.74 $136,455.32
145 $136,455.32 $616.15 $0.00 $771.54 $137,843.01
146 $137,843.01 $616.15 $0.00 $779.38 $139,238.54
147 $139,238.54 $616.15 $0.00 $787.27 $140,641.96
148 $140,641.96 $616.15 $0.00 $795.21 $142,053.32
149 $142,053.32 $616.15 $0.00 $803.19 $143,472.66
150 $143,472.66 $616.15 $0.00 $811.22 $144,900.03
151 $144,900.03 $616.15 $0.00 $819.29 $146,335.47
152 $146,335.47 $616.15 $0.00 $827.40 $147,779.02
153 $147,779.02 $616.15 $0.00 $835.56 $149,230.73
154 $149,230.73 $616.15 $0.00 $843.77 $150,690.65
155 $150,690.65 $616.15 $0.00 $852.03 $152,158.83
156 $152,158.83 $616.15 $0.00 $860.33 $153,635.31
157 $153,635.31 $616.15 $0.00 $868.68 $155,120.14
158 $155,120.14 $616.15 $0.00 $877.07 $156,613.36
159 $156,613.36 $616.15 $0.00 $885.51 $158,115.02
160 $158,115.02 $616.15 $0.00 $894.01 $159,625.18
161 $159,625.18 $616.15 $0.00 $902.54 $161,143.87
162 $161,143.87 $616.15 $0.00 $911.13 $162,671.15
163 $162,671.15 $616.15 $0.00 $919.77 $164,207.07
164 $164,207.07 $616.15 $0.00 $928.45 $165,751.67
165 $165,751.67 $616.15 $0.00 $937.18 $167,305.00
166 $167,305.00 $616.15 $0.00 $945.97 $168,867.12
167 $168,867.12 $616.15 $0.00 $954.80 $170,438.07
168 $170,438.07 $616.15 $0.00 $963.68 $172,017.90
169 $172,017.90 $616.15 $0.00 $972.61 $173,606.66
170 $173,606.66 $616.15 $0.00 $981.60 $175,204.41
171 $175,204.41 $616.15 $0.00 $990.63 $176,811.19
172 $176,811.19 $616.15 $0.00 $999.72 $178,427.06
173 $178,427.06 $616.15 $0.00 $1,008.85 $180,052.06
174 $180,052.06 $616.15 $0.00 $1,018.04 $181,686.25
175 $181,686.25 $616.15 $0.00 $1,027.28 $183,329.68
176 $183,329.68 $616.15 $0.00 $1,036.57 $184,982.40
177 $184,982.40 $616.15 $0.00 $1,045.92 $186,644.47
178 $186,644.47 $616.15 $0.00 $1,055.31 $188,315.93
179 $188,315.93 $616.15 $0.00 $1,064.77 $189,996.85
180 $189,996.85 $616.15 $0.00 $1,074.27 $191,687.27
181 $191,687.27 $616.15 $0.00 $1,083.83 $193,387.25
182 $193,387.25 $616.15 $0.00 $1,093.44 $195,096.84
183 $195,096.84 $616.15 $0.00 $1,103.11 $196,816.10
184 $196,816.10 $616.15 $0.00 $1,112.83 $198,545.08
185 $198,545.08 $616.15 $0.00 $1,122.60 $200,283.83
186 $200,283.83 $616.15 $0.00 $1,132.43 $202,032.41
187 $202,032.41 $616.15 $0.00 $1,142.32 $203,790.88
188 $203,790.88 $616.15 $0.00 $1,152.26 $205,559.29
189 $205,559.29 $616.15 $0.00 $1,162.26 $207,337.70
190 $207,337.70 $616.15 $0.00 $1,172.32 $209,126.17
191 $209,126.17 $616.15 $0.00 $1,182.43 $210,924.75
192 $210,924.75 $616.15 $0.00 $1,192.60 $212,733.50
193 $212,733.50 $616.15 $0.00 $1,202.83 $214,552.48
194 $214,552.48 $616.15 $0.00 $1,213.11 $216,381.74
195 $216,381.74 $616.15 $0.00 $1,223.45 $218,221.34
196 $218,221.34 $616.15 $0.00 $1,233.86 $220,071.35
197 $220,071.35 $616.15 $0.00 $1,244.32 $221,931.82
198 $221,931.82 $616.15 $0.00 $1,254.83 $223,802.80
199 $223,802.80 $616.15 $0.00 $1,265.41 $225,684.36
200 $225,684.36 $616.15 $0.00 $1,276.05 $227,576.56
201 $227,576.56 $616.15 $0.00 $1,286.75 $229,479.46
202 $229,479.46 $616.15 $0.00 $1,297.51 $231,393.12
203 $231,393.12 $616.15 $0.00 $1,308.33 $233,317.60
204 $233,317.60 $616.15 $0.00 $1,319.21 $235,252.96
205 $235,252.96 $616.15 $0.00 $1,330.15 $237,199.26
206 $237,199.26 $616.15 $0.00 $1,341.16 $239,156.57
207 $239,156.57 $616.15 $0.00 $1,352.23 $241,124.95
208 $241,124.95 $616.15 $0.00 $1,363.36 $243,104.46
209 $243,104.46 $616.15 $0.00 $1,374.55 $245,095.16
210 $245,095.16 $616.15 $0.00 $1,385.80 $247,097.11
211 $247,097.11 $616.15 $0.00 $1,397.12 $249,110.38
212 $249,110.38 $616.15 $0.00 $1,408.51 $251,135.04
213 $251,135.04 $616.15 $0.00 $1,419.95 $253,171.14
214 $253,171.14 $616.15 $0.00 $1,431.47 $255,218.76
215 $255,218.76 $616.15 $0.00 $1,443.04 $257,277.95
216 $257,277.95 $616.15 $0.00 $1,454.69 $259,348.79
217 $259,348.79 $616.15 $72,237.08 $1,466.40 $189,194.26
218 $189,194.26 $616.15 $0.00 $1,069.73 $190,880.14
219 $190,880.14 $616.15 $0.00 $1,079.26 $192,575.55
220 $192,575.55 $616.15 $0.00 $1,088.85 $194,280.55
221 $194,280.55 $616.15 $0.00 $1,098.49 $195,995.19
222 $195,995.19 $616.15 $0.00 $1,108.19 $197,719.53
223 $197,719.53 $616.15 $0.00 $1,117.93 $199,453.61
224 $199,453.61 $616.15 $0.00 $1,127.74 $201,197.50
225 $201,197.50 $616.15 $0.00 $1,137.60 $202,951.25
226 $202,951.25 $616.15 $0.00 $1,147.52 $204,714.92
227 $204,714.92 $616.15 $0.00 $1,157.49 $206,488.56
228 $206,488.56 $616.15 $0.00 $1,167.52 $208,272.23
229 $208,272.23 $616.15 $75,848.94 $1,177.60 $134,217.04
230 $134,217.04 $616.15 $0.00 $758.88 $135,592.07
231 $135,592.07 $616.15 $0.00 $766.66 $136,974.88
232 $136,974.88 $616.15 $0.00 $774.48 $138,365.51
233 $138,365.51 $616.15 $0.00 $782.34 $139,764.00
234 $139,764.00 $616.15 $0.00 $790.25 $141,170.40
235 $141,170.40 $616.15 $0.00 $798.20 $142,584.75
236 $142,584.75 $616.15 $0.00 $806.19 $144,007.09
237 $144,007.09 $616.15 $0.00 $814.24 $145,437.48
238 $145,437.48 $616.15 $0.00 $822.32 $146,875.95
239 $146,875.95 $616.15 $0.00 $830.46 $148,322.56
240 $148,322.56 $616.15 $0.00 $838.64 $149,777.35
241 $149,777.35 $616.15 $79,641.38 $846.86 $71,598.98
242 $71,598.98 $616.15 $0.00 $404.83 $72,619.96
243 $72,619.96 $616.15 $0.00 $410.60 $73,646.71
244 $73,646.71 $616.15 $0.00 $416.41 $74,679.27
245 $74,679.27 $616.15 $0.00 $422.25 $75,717.67
246 $75,717.67 $616.15 $0.00 $428.12 $76,761.94
247 $76,761.94 $616.15 $0.00 $434.02 $77,812.11
248 $77,812.11 $616.15 $0.00 $439.96 $78,868.22
249 $78,868.22 $616.15 $0.00 $445.93 $79,930.30
250 $79,930.30 $616.15 $0.00 $451.94 $80,998.39
251 $80,998.39 $616.15 $0.00 $457.98 $82,072.52
252 $82,072.52 $616.15 $0.00 $464.05 $83,152.72
253 $83,152.72 $0.00 $83,623.45 $470.16 ($0.57)