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 2042$120,144
Monthly savings required$950

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 $480,574.77 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $949.51 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$32,024.00
Years until enrollment18
Annual Tuition Increase7%
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 $949.51 $0.00 $0.00 $949.51
2 $949.51 $949.51 $0.00 $5.37 $1,904.39
3 $1,904.39 $949.51 $0.00 $10.77 $2,864.67
4 $2,864.67 $949.51 $0.00 $16.20 $3,830.38
5 $3,830.38 $949.51 $0.00 $21.66 $4,801.55
6 $4,801.55 $949.51 $0.00 $27.15 $5,778.21
7 $5,778.21 $949.51 $0.00 $32.67 $6,760.39
8 $6,760.39 $949.51 $0.00 $38.22 $7,748.12
9 $7,748.12 $949.51 $0.00 $43.81 $8,741.44
10 $8,741.44 $949.51 $0.00 $49.43 $9,740.38
11 $9,740.38 $949.51 $0.00 $55.07 $10,744.96
12 $10,744.96 $949.51 $0.00 $60.75 $11,755.22
13 $11,755.22 $949.51 $0.00 $66.47 $12,771.20
14 $12,771.20 $949.51 $0.00 $72.21 $13,792.92
15 $13,792.92 $949.51 $0.00 $77.99 $14,820.42
16 $14,820.42 $949.51 $0.00 $83.80 $15,853.73
17 $15,853.73 $949.51 $0.00 $89.64 $16,892.88
18 $16,892.88 $949.51 $0.00 $95.51 $17,937.90
19 $17,937.90 $949.51 $0.00 $101.42 $18,988.83
20 $18,988.83 $949.51 $0.00 $107.37 $20,045.71
21 $20,045.71 $949.51 $0.00 $113.34 $21,108.56
22 $21,108.56 $949.51 $0.00 $119.35 $22,177.42
23 $22,177.42 $949.51 $0.00 $125.39 $23,252.32
24 $23,252.32 $949.51 $0.00 $131.47 $24,333.30
25 $24,333.30 $949.51 $0.00 $137.58 $25,420.39
26 $25,420.39 $949.51 $0.00 $143.73 $26,513.63
27 $26,513.63 $949.51 $0.00 $149.91 $27,613.05
28 $27,613.05 $949.51 $0.00 $156.13 $28,718.69
29 $28,718.69 $949.51 $0.00 $162.38 $29,830.58
30 $29,830.58 $949.51 $0.00 $168.67 $30,948.76
31 $30,948.76 $949.51 $0.00 $174.99 $32,073.26
32 $32,073.26 $949.51 $0.00 $181.35 $33,204.12
33 $33,204.12 $949.51 $0.00 $187.74 $34,341.37
34 $34,341.37 $949.51 $0.00 $194.17 $35,485.05
35 $35,485.05 $949.51 $0.00 $200.64 $36,635.20
36 $36,635.20 $949.51 $0.00 $207.14 $37,791.85
37 $37,791.85 $949.51 $0.00 $213.68 $38,955.04
38 $38,955.04 $949.51 $0.00 $220.26 $40,124.81
39 $40,124.81 $949.51 $0.00 $226.87 $41,301.19
40 $41,301.19 $949.51 $0.00 $233.52 $42,484.22
41 $42,484.22 $949.51 $0.00 $240.21 $43,673.94
42 $43,673.94 $949.51 $0.00 $246.94 $44,870.39
43 $44,870.39 $949.51 $0.00 $253.70 $46,073.60
44 $46,073.60 $949.51 $0.00 $260.51 $47,283.62
45 $47,283.62 $949.51 $0.00 $267.35 $48,500.48
46 $48,500.48 $949.51 $0.00 $274.23 $49,724.22
47 $49,724.22 $949.51 $0.00 $281.15 $50,954.88
48 $50,954.88 $949.51 $0.00 $288.11 $52,192.50
49 $52,192.50 $949.51 $0.00 $295.10 $53,437.11
50 $53,437.11 $949.51 $0.00 $302.14 $54,688.76
51 $54,688.76 $949.51 $0.00 $309.22 $55,947.49
52 $55,947.49 $949.51 $0.00 $316.34 $57,213.34
53 $57,213.34 $949.51 $0.00 $323.49 $58,486.34
54 $58,486.34 $949.51 $0.00 $330.69 $59,766.54
55 $59,766.54 $949.51 $0.00 $337.93 $61,053.98
56 $61,053.98 $949.51 $0.00 $345.21 $62,348.70
57 $62,348.70 $949.51 $0.00 $352.53 $63,650.74
58 $63,650.74 $949.51 $0.00 $359.89 $64,960.14
59 $64,960.14 $949.51 $0.00 $367.29 $66,276.94
60 $66,276.94 $949.51 $0.00 $374.74 $67,601.19
61 $67,601.19 $949.51 $0.00 $382.23 $68,932.93
62 $68,932.93 $949.51 $0.00 $389.76 $70,272.20
63 $70,272.20 $949.51 $0.00 $397.33 $71,619.04
64 $71,619.04 $949.51 $0.00 $404.94 $72,973.49
65 $72,973.49 $949.51 $0.00 $412.60 $74,335.60
66 $74,335.60 $949.51 $0.00 $420.30 $75,705.41
67 $75,705.41 $949.51 $0.00 $428.05 $77,082.97
68 $77,082.97 $949.51 $0.00 $435.84 $78,468.32
69 $78,468.32 $949.51 $0.00 $443.67 $79,861.50
70 $79,861.50 $949.51 $0.00 $451.55 $81,262.56
71 $81,262.56 $949.51 $0.00 $459.47 $82,671.54
72 $82,671.54 $949.51 $0.00 $467.44 $84,088.49
73 $84,088.49 $949.51 $0.00 $475.45 $85,513.45
74 $85,513.45 $949.51 $0.00 $483.51 $86,946.47
75 $86,946.47 $949.51 $0.00 $491.61 $88,387.59
76 $88,387.59 $949.51 $0.00 $499.76 $89,836.86
77 $89,836.86 $949.51 $0.00 $507.95 $91,294.32
78 $91,294.32 $949.51 $0.00 $516.19 $92,760.02
79 $92,760.02 $949.51 $0.00 $524.48 $94,234.01
80 $94,234.01 $949.51 $0.00 $532.81 $95,716.33
81 $95,716.33 $949.51 $0.00 $541.19 $97,207.03
82 $97,207.03 $949.51 $0.00 $549.62 $98,706.16
83 $98,706.16 $949.51 $0.00 $558.10 $100,213.77
84 $100,213.77 $949.51 $0.00 $566.62 $101,729.90
85 $101,729.90 $949.51 $0.00 $575.20 $103,254.61
86 $103,254.61 $949.51 $0.00 $583.82 $104,787.94
87 $104,787.94 $949.51 $0.00 $592.49 $106,329.94
88 $106,329.94 $949.51 $0.00 $601.20 $107,880.65
89 $107,880.65 $949.51 $0.00 $609.97 $109,440.13
90 $109,440.13 $949.51 $0.00 $618.79 $111,008.43
91 $111,008.43 $949.51 $0.00 $627.66 $112,585.60
92 $112,585.60 $949.51 $0.00 $636.58 $114,171.69
93 $114,171.69 $949.51 $0.00 $645.54 $115,766.74
94 $115,766.74 $949.51 $0.00 $654.56 $117,370.81
95 $117,370.81 $949.51 $0.00 $663.63 $118,983.95
96 $118,983.95 $949.51 $0.00 $672.75 $120,606.21
97 $120,606.21 $949.51 $0.00 $681.93 $122,237.65
98 $122,237.65 $949.51 $0.00 $691.15 $123,878.31
99 $123,878.31 $949.51 $0.00 $700.43 $125,528.25
100 $125,528.25 $949.51 $0.00 $709.75 $127,187.51
101 $127,187.51 $949.51 $0.00 $719.14 $128,856.16
102 $128,856.16 $949.51 $0.00 $728.57 $130,534.24
103 $130,534.24 $949.51 $0.00 $738.06 $132,221.81
104 $132,221.81 $949.51 $0.00 $747.60 $133,918.92
105 $133,918.92 $949.51 $0.00 $757.20 $135,625.63
106 $135,625.63 $949.51 $0.00 $766.85 $137,341.99
107 $137,341.99 $949.51 $0.00 $776.55 $139,068.05
108 $139,068.05 $949.51 $0.00 $786.31 $140,803.87
109 $140,803.87 $949.51 $0.00 $796.13 $142,549.51
110 $142,549.51 $949.51 $0.00 $806.00 $144,305.02
111 $144,305.02 $949.51 $0.00 $815.92 $146,070.45
112 $146,070.45 $949.51 $0.00 $825.90 $147,845.86
113 $147,845.86 $949.51 $0.00 $835.94 $149,631.31
114 $149,631.31 $949.51 $0.00 $846.04 $151,426.86
115 $151,426.86 $949.51 $0.00 $856.19 $153,232.56
116 $153,232.56 $949.51 $0.00 $866.40 $155,048.47
117 $155,048.47 $949.51 $0.00 $876.67 $156,874.65
118 $156,874.65 $949.51 $0.00 $886.99 $158,711.15
119 $158,711.15 $949.51 $0.00 $897.38 $160,558.04
120 $160,558.04 $949.51 $0.00 $907.82 $162,415.37
121 $162,415.37 $949.51 $0.00 $918.32 $164,283.20
122 $164,283.20 $949.51 $0.00 $928.88 $166,161.59
123 $166,161.59 $949.51 $0.00 $939.50 $168,050.60
124 $168,050.60 $949.51 $0.00 $950.18 $169,950.29
125 $169,950.29 $949.51 $0.00 $960.92 $171,860.72
126 $171,860.72 $949.51 $0.00 $971.73 $173,781.96
127 $173,781.96 $949.51 $0.00 $982.59 $175,714.06
128 $175,714.06 $949.51 $0.00 $993.51 $177,657.08
129 $177,657.08 $949.51 $0.00 $1,004.50 $179,611.09
130 $179,611.09 $949.51 $0.00 $1,015.55 $181,576.15
131 $181,576.15 $949.51 $0.00 $1,026.66 $183,552.32
132 $183,552.32 $949.51 $0.00 $1,037.83 $185,539.66
133 $185,539.66 $949.51 $0.00 $1,049.07 $187,538.24
134 $187,538.24 $949.51 $0.00 $1,060.37 $189,548.12
135 $189,548.12 $949.51 $0.00 $1,071.73 $191,569.36
136 $191,569.36 $949.51 $0.00 $1,083.16 $193,602.03
137 $193,602.03 $949.51 $0.00 $1,094.65 $195,646.19
138 $195,646.19 $949.51 $0.00 $1,106.21 $197,701.91
139 $197,701.91 $949.51 $0.00 $1,117.84 $199,769.26
140 $199,769.26 $949.51 $0.00 $1,129.52 $201,848.29
141 $201,848.29 $949.51 $0.00 $1,141.28 $203,939.08
142 $203,939.08 $949.51 $0.00 $1,153.10 $206,041.69
143 $206,041.69 $949.51 $0.00 $1,164.99 $208,156.19
144 $208,156.19 $949.51 $0.00 $1,176.95 $210,282.65
145 $210,282.65 $949.51 $0.00 $1,188.97 $212,421.13
146 $212,421.13 $949.51 $0.00 $1,201.06 $214,571.70
147 $214,571.70 $949.51 $0.00 $1,213.22 $216,734.43
148 $216,734.43 $949.51 $0.00 $1,225.45 $218,909.39
149 $218,909.39 $949.51 $0.00 $1,237.75 $221,096.65
150 $221,096.65 $949.51 $0.00 $1,250.11 $223,296.27
151 $223,296.27 $949.51 $0.00 $1,262.55 $225,508.33
152 $225,508.33 $949.51 $0.00 $1,275.06 $227,732.90
153 $227,732.90 $949.51 $0.00 $1,287.63 $229,970.04
154 $229,970.04 $949.51 $0.00 $1,300.28 $232,219.83
155 $232,219.83 $949.51 $0.00 $1,313.00 $234,482.34
156 $234,482.34 $949.51 $0.00 $1,325.80 $236,757.65
157 $236,757.65 $949.51 $0.00 $1,338.66 $239,045.82
158 $239,045.82 $949.51 $0.00 $1,351.60 $241,346.93
159 $241,346.93 $949.51 $0.00 $1,364.61 $243,661.05
160 $243,661.05 $949.51 $0.00 $1,377.70 $245,988.26
161 $245,988.26 $949.51 $0.00 $1,390.85 $248,328.62
162 $248,328.62 $949.51 $0.00 $1,404.09 $250,682.22
163 $250,682.22 $949.51 $0.00 $1,417.39 $253,049.12
164 $253,049.12 $949.51 $0.00 $1,430.78 $255,429.41
165 $255,429.41 $949.51 $0.00 $1,444.24 $257,823.16
166 $257,823.16 $949.51 $0.00 $1,457.77 $260,230.44
167 $260,230.44 $949.51 $0.00 $1,471.38 $262,651.33
168 $262,651.33 $949.51 $0.00 $1,485.07 $265,085.91
169 $265,085.91 $949.51 $0.00 $1,498.83 $267,534.25
170 $267,534.25 $949.51 $0.00 $1,512.68 $269,996.44
171 $269,996.44 $949.51 $0.00 $1,526.60 $272,472.55
172 $272,472.55 $949.51 $0.00 $1,540.60 $274,962.66
173 $274,962.66 $949.51 $0.00 $1,554.68 $277,466.85
174 $277,466.85 $949.51 $0.00 $1,568.84 $279,985.20
175 $279,985.20 $949.51 $0.00 $1,583.08 $282,517.79
176 $282,517.79 $949.51 $0.00 $1,597.40 $285,064.70
177 $285,064.70 $949.51 $0.00 $1,611.80 $287,626.01
178 $287,626.01 $949.51 $0.00 $1,626.28 $290,201.80
179 $290,201.80 $949.51 $0.00 $1,640.84 $292,792.15
180 $292,792.15 $949.51 $0.00 $1,655.49 $295,397.15
181 $295,397.15 $949.51 $0.00 $1,670.22 $298,016.88
182 $298,016.88 $949.51 $0.00 $1,685.03 $300,651.42
183 $300,651.42 $949.51 $0.00 $1,699.93 $303,300.86
184 $303,300.86 $949.51 $0.00 $1,714.91 $305,965.28
185 $305,965.28 $949.51 $0.00 $1,729.97 $308,644.76
186 $308,644.76 $949.51 $0.00 $1,745.12 $311,339.39
187 $311,339.39 $949.51 $0.00 $1,760.36 $314,049.26
188 $314,049.26 $949.51 $0.00 $1,775.68 $316,774.45
189 $316,774.45 $949.51 $0.00 $1,791.09 $319,515.05
190 $319,515.05 $949.51 $0.00 $1,806.58 $322,271.14
191 $322,271.14 $949.51 $0.00 $1,822.17 $325,042.82
192 $325,042.82 $949.51 $0.00 $1,837.84 $327,830.17
193 $327,830.17 $949.51 $0.00 $1,853.60 $330,633.28
194 $330,633.28 $949.51 $0.00 $1,869.45 $333,452.24
195 $333,452.24 $949.51 $0.00 $1,885.39 $336,287.14
196 $336,287.14 $949.51 $0.00 $1,901.42 $339,138.07
197 $339,138.07 $949.51 $0.00 $1,917.54 $342,005.12
198 $342,005.12 $949.51 $0.00 $1,933.75 $344,888.38
199 $344,888.38 $949.51 $0.00 $1,950.05 $347,787.94
200 $347,787.94 $949.51 $0.00 $1,966.44 $350,703.89
201 $350,703.89 $949.51 $0.00 $1,982.93 $353,636.33
202 $353,636.33 $949.51 $0.00 $1,999.51 $356,585.35
203 $356,585.35 $949.51 $0.00 $2,016.19 $359,551.05
204 $359,551.05 $949.51 $0.00 $2,032.95 $362,533.51
205 $362,533.51 $949.51 $0.00 $2,049.82 $365,532.84
206 $365,532.84 $949.51 $0.00 $2,066.78 $368,549.13
207 $368,549.13 $949.51 $0.00 $2,083.83 $371,582.47
208 $371,582.47 $949.51 $0.00 $2,100.98 $374,632.96
209 $374,632.96 $949.51 $0.00 $2,118.23 $377,700.70
210 $377,700.70 $949.51 $0.00 $2,135.57 $380,785.78
211 $380,785.78 $949.51 $0.00 $2,153.02 $383,888.31
212 $383,888.31 $949.51 $0.00 $2,170.56 $387,008.38
213 $387,008.38 $949.51 $0.00 $2,188.20 $390,146.09
214 $390,146.09 $949.51 $0.00 $2,205.94 $393,301.54
215 $393,301.54 $949.51 $0.00 $2,223.78 $396,474.83
216 $396,474.83 $949.51 $0.00 $2,241.73 $399,666.07
217 $399,666.07 $949.51 $108,238.95 $2,259.77 $294,636.40
218 $294,636.40 $949.51 $0.00 $1,665.92 $297,251.83
219 $297,251.83 $949.51 $0.00 $1,680.71 $299,882.05
220 $299,882.05 $949.51 $0.00 $1,695.58 $302,527.14
221 $302,527.14 $949.51 $0.00 $1,710.53 $305,187.18
222 $305,187.18 $949.51 $0.00 $1,725.57 $307,862.26
223 $307,862.26 $949.51 $0.00 $1,740.70 $310,552.47
224 $310,552.47 $949.51 $0.00 $1,755.91 $313,257.89
225 $313,257.89 $949.51 $0.00 $1,771.21 $315,978.61
226 $315,978.61 $949.51 $0.00 $1,786.59 $318,714.71
227 $318,714.71 $949.51 $0.00 $1,802.06 $321,466.28
228 $321,466.28 $949.51 $0.00 $1,817.62 $324,233.41
229 $324,233.41 $949.51 $115,815.68 $1,833.26 $211,200.50
230 $211,200.50 $949.51 $0.00 $1,194.16 $213,344.17
231 $213,344.17 $949.51 $0.00 $1,206.28 $215,499.96
232 $215,499.96 $949.51 $0.00 $1,218.47 $217,667.94
233 $217,667.94 $949.51 $0.00 $1,230.73 $219,848.18
234 $219,848.18 $949.51 $0.00 $1,243.05 $222,040.74
235 $222,040.74 $949.51 $0.00 $1,255.45 $224,245.70
236 $224,245.70 $949.51 $0.00 $1,267.92 $226,463.13
237 $226,463.13 $949.51 $0.00 $1,280.46 $228,693.10
238 $228,693.10 $949.51 $0.00 $1,293.06 $230,935.67
239 $230,935.67 $949.51 $0.00 $1,305.74 $233,190.92
240 $233,190.92 $949.51 $0.00 $1,318.50 $235,458.93
241 $235,458.93 $949.51 $123,922.78 $1,331.32 $113,816.98
242 $113,816.98 $949.51 $0.00 $643.54 $115,410.03
243 $115,410.03 $949.51 $0.00 $652.55 $117,012.09
244 $117,012.09 $949.51 $0.00 $661.60 $118,623.20
245 $118,623.20 $949.51 $0.00 $670.71 $120,243.42
246 $120,243.42 $949.51 $0.00 $679.87 $121,872.80
247 $121,872.80 $949.51 $0.00 $689.09 $123,511.40
248 $123,511.40 $949.51 $0.00 $698.35 $125,159.26
249 $125,159.26 $949.51 $0.00 $707.67 $126,816.44
250 $126,816.44 $949.51 $0.00 $717.04 $128,482.99
251 $128,482.99 $949.51 $0.00 $726.46 $130,158.96
252 $130,158.96 $949.51 $0.00 $735.94 $131,844.41
253 $131,844.41 $0.00 $132,597.37 $745.47 -$7.49