Savings Plan and Future Cost Estimation for Troy University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$59,584
Monthly savings required$472

How much will it cost to send your child to Troy University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $238,336.51 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $471.65 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$22,977.00
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 $471.65 $0.00 $0.00 $471.65
2 $471.65 $471.65 $0.00 $2.67 $945.97
3 $945.97 $471.65 $0.00 $5.35 $1,422.97
4 $1,422.97 $471.65 $0.00 $8.05 $1,902.67
5 $1,902.67 $471.65 $0.00 $10.76 $2,385.08
6 $2,385.08 $471.65 $0.00 $13.49 $2,870.22
7 $2,870.22 $471.65 $0.00 $16.23 $3,358.10
8 $3,358.10 $471.65 $0.00 $18.99 $3,848.74
9 $3,848.74 $471.65 $0.00 $21.76 $4,342.15
10 $4,342.15 $471.65 $0.00 $24.55 $4,838.35
11 $4,838.35 $471.65 $0.00 $27.36 $5,337.36
12 $5,337.36 $471.65 $0.00 $30.18 $5,839.19
13 $5,839.19 $471.65 $0.00 $33.02 $6,343.86
14 $6,343.86 $471.65 $0.00 $35.87 $6,851.38
15 $6,851.38 $471.65 $0.00 $38.74 $7,361.77
16 $7,361.77 $471.65 $0.00 $41.62 $7,875.04
17 $7,875.04 $471.65 $0.00 $44.53 $8,391.22
18 $8,391.22 $471.65 $0.00 $47.45 $8,910.32
19 $8,910.32 $471.65 $0.00 $50.38 $9,432.35
20 $9,432.35 $471.65 $0.00 $53.33 $9,957.33
21 $9,957.33 $471.65 $0.00 $56.30 $10,485.28
22 $10,485.28 $471.65 $0.00 $59.29 $11,016.22
23 $11,016.22 $471.65 $0.00 $62.29 $11,550.16
24 $11,550.16 $471.65 $0.00 $65.31 $12,087.12
25 $12,087.12 $471.65 $0.00 $68.34 $12,627.11
26 $12,627.11 $471.65 $0.00 $71.40 $13,170.16
27 $13,170.16 $471.65 $0.00 $74.47 $13,716.28
28 $13,716.28 $471.65 $0.00 $77.55 $14,265.48
29 $14,265.48 $471.65 $0.00 $80.66 $14,817.79
30 $14,817.79 $471.65 $0.00 $83.78 $15,373.22
31 $15,373.22 $471.65 $0.00 $86.92 $15,931.79
32 $15,931.79 $471.65 $0.00 $90.08 $16,493.52
33 $16,493.52 $471.65 $0.00 $93.26 $17,058.43
34 $17,058.43 $471.65 $0.00 $96.45 $17,626.53
35 $17,626.53 $471.65 $0.00 $99.66 $18,197.84
36 $18,197.84 $471.65 $0.00 $102.89 $18,772.38
37 $18,772.38 $471.65 $0.00 $106.14 $19,350.17
38 $19,350.17 $471.65 $0.00 $109.41 $19,931.23
39 $19,931.23 $471.65 $0.00 $112.69 $20,515.57
40 $20,515.57 $471.65 $0.00 $116.00 $21,103.22
41 $21,103.22 $471.65 $0.00 $119.32 $21,694.19
42 $21,694.19 $471.65 $0.00 $122.66 $22,288.50
43 $22,288.50 $471.65 $0.00 $126.02 $22,886.17
44 $22,886.17 $471.65 $0.00 $129.40 $23,487.22
45 $23,487.22 $471.65 $0.00 $132.80 $24,091.67
46 $24,091.67 $471.65 $0.00 $136.22 $24,699.54
47 $24,699.54 $471.65 $0.00 $139.65 $25,310.84
48 $25,310.84 $471.65 $0.00 $143.11 $25,925.60
49 $25,925.60 $471.65 $0.00 $146.59 $26,543.84
50 $26,543.84 $471.65 $0.00 $150.08 $27,165.57
51 $27,165.57 $471.65 $0.00 $153.60 $27,790.82
52 $27,790.82 $471.65 $0.00 $157.13 $28,419.60
53 $28,419.60 $471.65 $0.00 $160.69 $29,051.94
54 $29,051.94 $471.65 $0.00 $164.26 $29,687.85
55 $29,687.85 $471.65 $0.00 $167.86 $30,327.36
56 $30,327.36 $471.65 $0.00 $171.48 $30,970.49
57 $30,970.49 $471.65 $0.00 $175.11 $31,617.25
58 $31,617.25 $471.65 $0.00 $178.77 $32,267.67
59 $32,267.67 $471.65 $0.00 $182.45 $32,921.77
60 $32,921.77 $471.65 $0.00 $186.14 $33,579.56
61 $33,579.56 $471.65 $0.00 $189.86 $34,241.07
62 $34,241.07 $471.65 $0.00 $193.60 $34,906.32
63 $34,906.32 $471.65 $0.00 $197.37 $35,575.34
64 $35,575.34 $471.65 $0.00 $201.15 $36,248.14
65 $36,248.14 $471.65 $0.00 $204.95 $36,924.74
66 $36,924.74 $471.65 $0.00 $208.78 $37,605.17
67 $37,605.17 $471.65 $0.00 $212.63 $38,289.45
68 $38,289.45 $471.65 $0.00 $216.49 $38,977.59
69 $38,977.59 $471.65 $0.00 $220.38 $39,669.62
70 $39,669.62 $471.65 $0.00 $224.30 $40,365.57
71 $40,365.57 $471.65 $0.00 $228.23 $41,065.45
72 $41,065.45 $471.65 $0.00 $232.19 $41,769.29
73 $41,769.29 $471.65 $0.00 $236.17 $42,477.11
74 $42,477.11 $471.65 $0.00 $240.17 $43,188.93
75 $43,188.93 $471.65 $0.00 $244.20 $43,904.78
76 $43,904.78 $471.65 $0.00 $248.24 $44,624.67
77 $44,624.67 $471.65 $0.00 $252.31 $45,348.63
78 $45,348.63 $471.65 $0.00 $256.41 $46,076.69
79 $46,076.69 $471.65 $0.00 $260.52 $46,808.86
80 $46,808.86 $471.65 $0.00 $264.66 $47,545.17
81 $47,545.17 $471.65 $0.00 $268.83 $48,285.65
82 $48,285.65 $471.65 $0.00 $273.01 $49,030.31
83 $49,030.31 $471.65 $0.00 $277.22 $49,779.18
84 $49,779.18 $471.65 $0.00 $281.46 $50,532.29
85 $50,532.29 $471.65 $0.00 $285.72 $51,289.66
86 $51,289.66 $471.65 $0.00 $290.00 $52,051.31
87 $52,051.31 $471.65 $0.00 $294.31 $52,817.27
88 $52,817.27 $471.65 $0.00 $298.64 $53,587.56
89 $53,587.56 $471.65 $0.00 $302.99 $54,362.20
90 $54,362.20 $471.65 $0.00 $307.37 $55,141.22
91 $55,141.22 $471.65 $0.00 $311.78 $55,924.65
92 $55,924.65 $471.65 $0.00 $316.21 $56,712.51
93 $56,712.51 $471.65 $0.00 $320.66 $57,504.82
94 $57,504.82 $471.65 $0.00 $325.14 $58,301.61
95 $58,301.61 $471.65 $0.00 $329.65 $59,102.91
96 $59,102.91 $471.65 $0.00 $334.18 $59,908.74
97 $59,908.74 $471.65 $0.00 $338.73 $60,719.12
98 $60,719.12 $471.65 $0.00 $343.31 $61,534.08
99 $61,534.08 $471.65 $0.00 $347.92 $62,353.65
100 $62,353.65 $471.65 $0.00 $352.56 $63,177.86
101 $63,177.86 $471.65 $0.00 $357.22 $64,006.73
102 $64,006.73 $471.65 $0.00 $361.90 $64,840.28
103 $64,840.28 $471.65 $0.00 $366.62 $65,678.55
104 $65,678.55 $471.65 $0.00 $371.36 $66,521.56
105 $66,521.56 $471.65 $0.00 $376.12 $67,369.33
106 $67,369.33 $471.65 $0.00 $380.92 $68,221.90
107 $68,221.90 $471.65 $0.00 $385.74 $69,079.29
108 $69,079.29 $471.65 $0.00 $390.58 $69,941.52
109 $69,941.52 $471.65 $0.00 $395.46 $70,808.63
110 $70,808.63 $471.65 $0.00 $400.36 $71,680.64
111 $71,680.64 $471.65 $0.00 $405.29 $72,557.58
112 $72,557.58 $471.65 $0.00 $410.25 $73,439.48
113 $73,439.48 $471.65 $0.00 $415.24 $74,326.37
114 $74,326.37 $471.65 $0.00 $420.25 $75,218.27
115 $75,218.27 $471.65 $0.00 $425.30 $76,115.22
116 $76,115.22 $471.65 $0.00 $430.37 $77,017.24
117 $77,017.24 $471.65 $0.00 $435.47 $77,924.36
118 $77,924.36 $471.65 $0.00 $440.60 $78,836.61
119 $78,836.61 $471.65 $0.00 $445.75 $79,754.01
120 $79,754.01 $471.65 $0.00 $450.94 $80,676.60
121 $80,676.60 $471.65 $0.00 $456.16 $81,604.41
122 $81,604.41 $471.65 $0.00 $461.40 $82,537.46
123 $82,537.46 $471.65 $0.00 $466.68 $83,475.79
124 $83,475.79 $471.65 $0.00 $471.98 $84,419.42
125 $84,419.42 $471.65 $0.00 $477.32 $85,368.39
126 $85,368.39 $471.65 $0.00 $482.69 $86,322.73
127 $86,322.73 $471.65 $0.00 $488.08 $87,282.46
128 $87,282.46 $471.65 $0.00 $493.51 $88,247.62
129 $88,247.62 $471.65 $0.00 $498.96 $89,218.23
130 $89,218.23 $471.65 $0.00 $504.45 $90,194.33
131 $90,194.33 $471.65 $0.00 $509.97 $91,175.95
132 $91,175.95 $471.65 $0.00 $515.52 $92,163.12
133 $92,163.12 $471.65 $0.00 $521.10 $93,155.87
134 $93,155.87 $471.65 $0.00 $526.72 $94,154.24
135 $94,154.24 $471.65 $0.00 $532.36 $95,158.25
136 $95,158.25 $471.65 $0.00 $538.04 $96,167.94
137 $96,167.94 $471.65 $0.00 $543.75 $97,183.34
138 $97,183.34 $471.65 $0.00 $549.49 $98,204.48
139 $98,204.48 $471.65 $0.00 $555.26 $99,231.39
140 $99,231.39 $471.65 $0.00 $561.07 $100,264.11
141 $100,264.11 $471.65 $0.00 $566.91 $101,302.67
142 $101,302.67 $471.65 $0.00 $572.78 $102,347.10
143 $102,347.10 $471.65 $0.00 $578.69 $103,397.44
144 $103,397.44 $471.65 $0.00 $584.62 $104,453.71
145 $104,453.71 $471.65 $0.00 $590.60 $105,515.96
146 $105,515.96 $471.65 $0.00 $596.60 $106,584.21
147 $106,584.21 $471.65 $0.00 $602.64 $107,658.50
148 $107,658.50 $471.65 $0.00 $608.72 $108,738.87
149 $108,738.87 $471.65 $0.00 $614.83 $109,825.35
150 $109,825.35 $471.65 $0.00 $620.97 $110,917.97
151 $110,917.97 $471.65 $0.00 $627.15 $112,016.77
152 $112,016.77 $471.65 $0.00 $633.36 $113,121.78
153 $113,121.78 $471.65 $0.00 $639.61 $114,233.04
154 $114,233.04 $471.65 $0.00 $645.89 $115,350.58
155 $115,350.58 $471.65 $0.00 $652.21 $116,474.44
156 $116,474.44 $471.65 $0.00 $658.56 $117,604.65
157 $117,604.65 $471.65 $0.00 $664.95 $118,741.25
158 $118,741.25 $471.65 $0.00 $671.38 $119,884.28
159 $119,884.28 $471.65 $0.00 $677.84 $121,033.77
160 $121,033.77 $471.65 $0.00 $684.34 $122,189.76
161 $122,189.76 $471.65 $0.00 $690.88 $123,352.29
162 $123,352.29 $471.65 $0.00 $697.45 $124,521.39
163 $124,521.39 $471.65 $0.00 $704.06 $125,697.10
164 $125,697.10 $471.65 $0.00 $710.71 $126,879.46
165 $126,879.46 $471.65 $0.00 $717.39 $128,068.50
166 $128,068.50 $471.65 $0.00 $724.12 $129,264.27
167 $129,264.27 $471.65 $0.00 $730.88 $130,466.80
168 $130,466.80 $471.65 $0.00 $737.68 $131,676.13
169 $131,676.13 $471.65 $0.00 $744.52 $132,892.30
170 $132,892.30 $471.65 $0.00 $751.39 $134,115.34
171 $134,115.34 $471.65 $0.00 $758.31 $135,345.30
172 $135,345.30 $471.65 $0.00 $765.26 $136,582.21
173 $136,582.21 $471.65 $0.00 $772.26 $137,826.12
174 $137,826.12 $471.65 $0.00 $779.29 $139,077.06
175 $139,077.06 $471.65 $0.00 $786.36 $140,335.07
176 $140,335.07 $471.65 $0.00 $793.47 $141,600.19
177 $141,600.19 $471.65 $0.00 $800.63 $142,872.47
178 $142,872.47 $471.65 $0.00 $807.82 $144,151.94
179 $144,151.94 $471.65 $0.00 $815.06 $145,438.65
180 $145,438.65 $471.65 $0.00 $822.33 $146,732.63
181 $146,732.63 $471.65 $0.00 $829.65 $148,033.93
182 $148,033.93 $471.65 $0.00 $837.01 $149,342.59
183 $149,342.59 $471.65 $0.00 $844.40 $150,658.64
184 $150,658.64 $471.65 $0.00 $851.85 $151,982.14
185 $151,982.14 $471.65 $0.00 $859.33 $153,313.12
186 $153,313.12 $471.65 $0.00 $866.85 $154,651.62
187 $154,651.62 $471.65 $0.00 $874.42 $155,997.69
188 $155,997.69 $471.65 $0.00 $882.03 $157,351.37
189 $157,351.37 $471.65 $0.00 $889.69 $158,712.71
190 $158,712.71 $471.65 $0.00 $897.38 $160,081.74
191 $160,081.74 $471.65 $0.00 $905.13 $161,458.52
192 $161,458.52 $471.65 $0.00 $912.91 $162,843.08
193 $162,843.08 $471.65 $0.00 $920.74 $164,235.47
194 $164,235.47 $471.65 $0.00 $928.61 $165,635.73
195 $165,635.73 $471.65 $0.00 $936.53 $167,043.91
196 $167,043.91 $471.65 $0.00 $944.49 $168,460.05
197 $168,460.05 $471.65 $0.00 $952.50 $169,884.20
198 $169,884.20 $471.65 $0.00 $960.55 $171,316.40
199 $171,316.40 $471.65 $0.00 $968.65 $172,756.70
200 $172,756.70 $471.65 $0.00 $976.79 $174,205.14
201 $174,205.14 $471.65 $0.00 $984.98 $175,661.77
202 $175,661.77 $471.65 $0.00 $993.22 $177,126.64
203 $177,126.64 $471.65 $0.00 $1,001.50 $178,599.79
204 $178,599.79 $471.65 $0.00 $1,009.83 $180,081.27
205 $180,081.27 $471.65 $0.00 $1,018.21 $181,571.13
206 $181,571.13 $471.65 $0.00 $1,026.63 $183,069.41
207 $183,069.41 $471.65 $0.00 $1,035.10 $184,576.16
208 $184,576.16 $471.65 $0.00 $1,043.62 $186,091.43
209 $186,091.43 $471.65 $0.00 $1,052.19 $187,615.27
210 $187,615.27 $471.65 $0.00 $1,060.80 $189,147.72
211 $189,147.72 $471.65 $0.00 $1,069.47 $190,688.84
212 $190,688.84 $471.65 $0.00 $1,078.18 $192,238.67
213 $192,238.67 $471.65 $0.00 $1,086.95 $193,797.27
214 $193,797.27 $471.65 $0.00 $1,095.76 $195,364.68
215 $195,364.68 $471.65 $0.00 $1,104.62 $196,940.95
216 $196,940.95 $471.65 $0.00 $1,113.53 $198,526.13
217 $198,526.13 $471.65 $55,296.89 $1,122.50 $144,823.39
218 $144,823.39 $471.65 $0.00 $818.85 $146,113.89
219 $146,113.89 $471.65 $0.00 $826.15 $147,411.69
220 $147,411.69 $471.65 $0.00 $833.49 $148,716.83
221 $148,716.83 $471.65 $0.00 $840.87 $150,029.35
222 $150,029.35 $471.65 $0.00 $848.29 $151,349.29
223 $151,349.29 $471.65 $0.00 $855.75 $152,676.69
224 $152,676.69 $471.65 $0.00 $863.26 $154,011.60
225 $154,011.60 $471.65 $0.00 $870.80 $155,354.05
226 $155,354.05 $471.65 $0.00 $878.39 $156,704.09
227 $156,704.09 $471.65 $0.00 $886.03 $158,061.77
228 $158,061.77 $471.65 $0.00 $893.70 $159,427.12
229 $159,427.12 $471.65 $58,061.73 $901.42 $102,738.46
230 $102,738.46 $471.65 $0.00 $580.90 $103,791.01
231 $103,791.01 $471.65 $0.00 $586.85 $104,849.51
232 $104,849.51 $471.65 $0.00 $592.83 $105,913.99
233 $105,913.99 $471.65 $0.00 $598.85 $106,984.49
234 $106,984.49 $471.65 $0.00 $604.91 $108,061.05
235 $108,061.05 $471.65 $0.00 $610.99 $109,143.69
236 $109,143.69 $471.65 $0.00 $617.11 $110,232.45
237 $110,232.45 $471.65 $0.00 $623.27 $111,327.37
238 $111,327.37 $471.65 $0.00 $629.46 $112,428.48
239 $112,428.48 $471.65 $0.00 $635.69 $113,535.82
240 $113,535.82 $471.65 $0.00 $641.95 $114,649.42
241 $114,649.42 $471.65 $60,964.82 $648.24 $54,804.49
242 $54,804.49 $471.65 $0.00 $309.87 $55,586.01
243 $55,586.01 $471.65 $0.00 $314.29 $56,371.95
244 $56,371.95 $471.65 $0.00 $318.74 $57,162.34
245 $57,162.34 $471.65 $0.00 $323.20 $57,957.19
246 $57,957.19 $471.65 $0.00 $327.70 $58,756.54
247 $58,756.54 $471.65 $0.00 $332.22 $59,560.41
248 $59,560.41 $471.65 $0.00 $336.76 $60,368.82
249 $60,368.82 $471.65 $0.00 $341.33 $61,181.80
250 $61,181.80 $471.65 $0.00 $345.93 $61,999.38
251 $61,999.38 $471.65 $0.00 $350.55 $62,821.58
252 $62,821.58 $471.65 $0.00 $355.20 $63,648.43
253 $63,648.43 $0.00 $64,013.06 $359.88 ($4.75)