Savings Plan and Future Cost Estimation for Tuskegee University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$108,718
Monthly savings required$861

How much will it cost to send your child to Tuskegee University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $434,870.51 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $860.59 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$41,924.00
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 $860.59 $0.00 $0.00 $860.59
2 $860.59 $860.59 $0.00 $4.87 $1,726.05
3 $1,726.05 $860.59 $0.00 $9.76 $2,596.40
4 $2,596.40 $860.59 $0.00 $14.68 $3,471.67
5 $3,471.67 $860.59 $0.00 $19.63 $4,351.89
6 $4,351.89 $860.59 $0.00 $24.61 $5,237.09
7 $5,237.09 $860.59 $0.00 $29.61 $6,127.29
8 $6,127.29 $860.59 $0.00 $34.64 $7,022.52
9 $7,022.52 $860.59 $0.00 $39.71 $7,922.82
10 $7,922.82 $860.59 $0.00 $44.80 $8,828.21
11 $8,828.21 $860.59 $0.00 $49.92 $9,738.72
12 $9,738.72 $860.59 $0.00 $55.06 $10,654.37
13 $10,654.37 $860.59 $0.00 $60.24 $11,575.20
14 $11,575.20 $860.59 $0.00 $65.45 $12,501.24
15 $12,501.24 $860.59 $0.00 $70.68 $13,432.51
16 $13,432.51 $860.59 $0.00 $75.95 $14,369.05
17 $14,369.05 $860.59 $0.00 $81.24 $15,310.88
18 $15,310.88 $860.59 $0.00 $86.57 $16,258.04
19 $16,258.04 $860.59 $0.00 $91.93 $17,210.56
20 $17,210.56 $860.59 $0.00 $97.31 $18,168.46
21 $18,168.46 $860.59 $0.00 $102.73 $19,131.78
22 $19,131.78 $860.59 $0.00 $108.17 $20,100.54
23 $20,100.54 $860.59 $0.00 $113.65 $21,074.78
24 $21,074.78 $860.59 $0.00 $119.16 $22,054.53
25 $22,054.53 $860.59 $0.00 $124.70 $23,039.82
26 $23,039.82 $860.59 $0.00 $130.27 $24,030.68
27 $24,030.68 $860.59 $0.00 $135.87 $25,027.14
28 $25,027.14 $860.59 $0.00 $141.51 $26,029.24
29 $26,029.24 $860.59 $0.00 $147.17 $27,037.00
30 $27,037.00 $860.59 $0.00 $152.87 $28,050.46
31 $28,050.46 $860.59 $0.00 $158.60 $29,069.65
32 $29,069.65 $860.59 $0.00 $164.36 $30,094.60
33 $30,094.60 $860.59 $0.00 $170.16 $31,125.35
34 $31,125.35 $860.59 $0.00 $175.99 $32,161.93
35 $32,161.93 $860.59 $0.00 $181.85 $33,204.37
36 $33,204.37 $860.59 $0.00 $187.74 $34,252.70
37 $34,252.70 $860.59 $0.00 $193.67 $35,306.96
38 $35,306.96 $860.59 $0.00 $199.63 $36,367.18
39 $36,367.18 $860.59 $0.00 $205.63 $37,433.40
40 $37,433.40 $860.59 $0.00 $211.65 $38,505.64
41 $38,505.64 $860.59 $0.00 $217.72 $39,583.95
42 $39,583.95 $860.59 $0.00 $223.81 $40,668.35
43 $40,668.35 $860.59 $0.00 $229.94 $41,758.88
44 $41,758.88 $860.59 $0.00 $236.11 $42,855.58
45 $42,855.58 $860.59 $0.00 $242.31 $43,958.48
46 $43,958.48 $860.59 $0.00 $248.55 $45,067.62
47 $45,067.62 $860.59 $0.00 $254.82 $46,183.03
48 $46,183.03 $860.59 $0.00 $261.13 $47,304.75
49 $47,304.75 $860.59 $0.00 $267.47 $48,432.81
50 $48,432.81 $860.59 $0.00 $273.85 $49,567.25
51 $49,567.25 $860.59 $0.00 $280.26 $50,708.10
52 $50,708.10 $860.59 $0.00 $286.71 $51,855.40
53 $51,855.40 $860.59 $0.00 $293.20 $53,009.19
54 $53,009.19 $860.59 $0.00 $299.72 $54,169.50
55 $54,169.50 $860.59 $0.00 $306.28 $55,336.37
56 $55,336.37 $860.59 $0.00 $312.88 $56,509.84
57 $56,509.84 $860.59 $0.00 $319.51 $57,689.94
58 $57,689.94 $860.59 $0.00 $326.19 $58,876.72
59 $58,876.72 $860.59 $0.00 $332.90 $60,070.21
60 $60,070.21 $860.59 $0.00 $339.65 $61,270.45
61 $61,270.45 $860.59 $0.00 $346.43 $62,477.47
62 $62,477.47 $860.59 $0.00 $353.26 $63,691.32
63 $63,691.32 $860.59 $0.00 $360.12 $64,912.03
64 $64,912.03 $860.59 $0.00 $367.02 $66,139.64
65 $66,139.64 $860.59 $0.00 $373.96 $67,374.19
66 $67,374.19 $860.59 $0.00 $380.94 $68,615.72
67 $68,615.72 $860.59 $0.00 $387.96 $69,864.27
68 $69,864.27 $860.59 $0.00 $395.02 $71,119.88
69 $71,119.88 $860.59 $0.00 $402.12 $72,382.59
70 $72,382.59 $860.59 $0.00 $409.26 $73,652.44
71 $73,652.44 $860.59 $0.00 $416.44 $74,929.47
72 $74,929.47 $860.59 $0.00 $423.66 $76,213.72
73 $76,213.72 $860.59 $0.00 $430.92 $77,505.23
74 $77,505.23 $860.59 $0.00 $438.23 $78,804.05
75 $78,804.05 $860.59 $0.00 $445.57 $80,110.21
76 $80,110.21 $860.59 $0.00 $452.95 $81,423.75
77 $81,423.75 $860.59 $0.00 $460.38 $82,744.72
78 $82,744.72 $860.59 $0.00 $467.85 $84,073.16
79 $84,073.16 $860.59 $0.00 $475.36 $85,409.11
80 $85,409.11 $860.59 $0.00 $482.92 $86,752.62
81 $86,752.62 $860.59 $0.00 $490.51 $88,103.72
82 $88,103.72 $860.59 $0.00 $498.15 $89,462.46
83 $89,462.46 $860.59 $0.00 $505.83 $90,828.88
84 $90,828.88 $860.59 $0.00 $513.56 $92,203.03
85 $92,203.03 $860.59 $0.00 $521.33 $93,584.95
86 $93,584.95 $860.59 $0.00 $529.14 $94,974.68
87 $94,974.68 $860.59 $0.00 $537.00 $96,372.27
88 $96,372.27 $860.59 $0.00 $544.90 $97,777.76
89 $97,777.76 $860.59 $0.00 $552.85 $99,191.20
90 $99,191.20 $860.59 $0.00 $560.84 $100,612.63
91 $100,612.63 $860.59 $0.00 $568.88 $102,042.10
92 $102,042.10 $860.59 $0.00 $576.96 $103,479.65
93 $103,479.65 $860.59 $0.00 $585.09 $104,925.33
94 $104,925.33 $860.59 $0.00 $593.26 $106,379.18
95 $106,379.18 $860.59 $0.00 $601.48 $107,841.25
96 $107,841.25 $860.59 $0.00 $609.75 $109,311.59
97 $109,311.59 $860.59 $0.00 $618.06 $110,790.24
98 $110,790.24 $860.59 $0.00 $626.42 $112,277.25
99 $112,277.25 $860.59 $0.00 $634.83 $113,772.67
100 $113,772.67 $860.59 $0.00 $643.29 $115,276.55
101 $115,276.55 $860.59 $0.00 $651.79 $116,788.93
102 $116,788.93 $860.59 $0.00 $660.34 $118,309.86
103 $118,309.86 $860.59 $0.00 $668.94 $119,839.39
104 $119,839.39 $860.59 $0.00 $677.59 $121,377.57
105 $121,377.57 $860.59 $0.00 $686.29 $122,924.45
106 $122,924.45 $860.59 $0.00 $695.03 $124,480.07
107 $124,480.07 $860.59 $0.00 $703.83 $126,044.49
108 $126,044.49 $860.59 $0.00 $712.67 $127,617.75
109 $127,617.75 $860.59 $0.00 $721.57 $129,199.91
110 $129,199.91 $860.59 $0.00 $730.52 $130,791.02
111 $130,791.02 $860.59 $0.00 $739.51 $132,391.12
112 $132,391.12 $860.59 $0.00 $748.56 $134,000.27
113 $134,000.27 $860.59 $0.00 $757.66 $135,618.52
114 $135,618.52 $860.59 $0.00 $766.81 $137,245.92
115 $137,245.92 $860.59 $0.00 $776.01 $138,882.52
116 $138,882.52 $860.59 $0.00 $785.26 $140,528.37
117 $140,528.37 $860.59 $0.00 $794.57 $142,183.53
118 $142,183.53 $860.59 $0.00 $803.93 $143,848.05
119 $143,848.05 $860.59 $0.00 $813.34 $145,521.98
120 $145,521.98 $860.59 $0.00 $822.80 $147,205.37
121 $147,205.37 $860.59 $0.00 $832.32 $148,898.28
122 $148,898.28 $860.59 $0.00 $841.89 $150,600.76
123 $150,600.76 $860.59 $0.00 $851.52 $152,312.87
124 $152,312.87 $860.59 $0.00 $861.20 $154,034.66
125 $154,034.66 $860.59 $0.00 $870.93 $155,766.18
126 $155,766.18 $860.59 $0.00 $880.72 $157,507.49
127 $157,507.49 $860.59 $0.00 $890.57 $159,258.65
128 $159,258.65 $860.59 $0.00 $900.47 $161,019.71
129 $161,019.71 $860.59 $0.00 $910.43 $162,790.73
130 $162,790.73 $860.59 $0.00 $920.44 $164,571.76
131 $164,571.76 $860.59 $0.00 $930.51 $166,362.86
132 $166,362.86 $860.59 $0.00 $940.64 $168,164.09
133 $168,164.09 $860.59 $0.00 $950.82 $169,975.50
134 $169,975.50 $860.59 $0.00 $961.07 $171,797.16
135 $171,797.16 $860.59 $0.00 $971.37 $173,629.12
136 $173,629.12 $860.59 $0.00 $981.72 $175,471.43
137 $175,471.43 $860.59 $0.00 $992.14 $177,324.16
138 $177,324.16 $860.59 $0.00 $1,002.62 $179,187.37
139 $179,187.37 $860.59 $0.00 $1,013.15 $181,061.11
140 $181,061.11 $860.59 $0.00 $1,023.75 $182,945.45
141 $182,945.45 $860.59 $0.00 $1,034.40 $184,840.44
142 $184,840.44 $860.59 $0.00 $1,045.11 $186,746.14
143 $186,746.14 $860.59 $0.00 $1,055.89 $188,662.62
144 $188,662.62 $860.59 $0.00 $1,066.73 $190,589.94
145 $190,589.94 $860.59 $0.00 $1,077.62 $192,528.15
146 $192,528.15 $860.59 $0.00 $1,088.58 $194,477.32
147 $194,477.32 $860.59 $0.00 $1,099.60 $196,437.51
148 $196,437.51 $860.59 $0.00 $1,110.69 $198,408.79
149 $198,408.79 $860.59 $0.00 $1,121.83 $200,391.21
150 $200,391.21 $860.59 $0.00 $1,133.04 $202,384.84
151 $202,384.84 $860.59 $0.00 $1,144.31 $204,389.74
152 $204,389.74 $860.59 $0.00 $1,155.65 $206,405.98
153 $206,405.98 $860.59 $0.00 $1,167.05 $208,433.62
154 $208,433.62 $860.59 $0.00 $1,178.51 $210,472.72
155 $210,472.72 $860.59 $0.00 $1,190.04 $212,523.35
156 $212,523.35 $860.59 $0.00 $1,201.64 $214,585.58
157 $214,585.58 $860.59 $0.00 $1,213.30 $216,659.47
158 $216,659.47 $860.59 $0.00 $1,225.02 $218,745.08
159 $218,745.08 $860.59 $0.00 $1,236.82 $220,842.49
160 $220,842.49 $860.59 $0.00 $1,248.68 $222,951.76
161 $222,951.76 $860.59 $0.00 $1,260.60 $225,072.95
162 $225,072.95 $860.59 $0.00 $1,272.60 $227,206.14
163 $227,206.14 $860.59 $0.00 $1,284.66 $229,351.39
164 $229,351.39 $860.59 $0.00 $1,296.79 $231,508.77
165 $231,508.77 $860.59 $0.00 $1,308.98 $233,678.34
166 $233,678.34 $860.59 $0.00 $1,321.25 $235,860.18
167 $235,860.18 $860.59 $0.00 $1,333.59 $238,054.36
168 $238,054.36 $860.59 $0.00 $1,345.99 $240,260.94
169 $240,260.94 $860.59 $0.00 $1,358.47 $242,480.00
170 $242,480.00 $860.59 $0.00 $1,371.02 $244,711.61
171 $244,711.61 $860.59 $0.00 $1,383.64 $246,955.84
172 $246,955.84 $860.59 $0.00 $1,396.32 $249,212.75
173 $249,212.75 $860.59 $0.00 $1,409.09 $251,482.43
174 $251,482.43 $860.59 $0.00 $1,421.92 $253,764.94
175 $253,764.94 $860.59 $0.00 $1,434.82 $256,060.35
176 $256,060.35 $860.59 $0.00 $1,447.80 $258,368.74
177 $258,368.74 $860.59 $0.00 $1,460.85 $260,690.18
178 $260,690.18 $860.59 $0.00 $1,473.98 $263,024.75
179 $263,024.75 $860.59 $0.00 $1,487.18 $265,372.52
180 $265,372.52 $860.59 $0.00 $1,500.45 $267,733.56
181 $267,733.56 $860.59 $0.00 $1,513.80 $270,107.95
182 $270,107.95 $860.59 $0.00 $1,527.23 $272,495.77
183 $272,495.77 $860.59 $0.00 $1,540.73 $274,897.09
184 $274,897.09 $860.59 $0.00 $1,554.31 $277,311.99
185 $277,311.99 $860.59 $0.00 $1,567.96 $279,740.54
186 $279,740.54 $860.59 $0.00 $1,581.69 $282,182.82
187 $282,182.82 $860.59 $0.00 $1,595.50 $284,638.91
188 $284,638.91 $860.59 $0.00 $1,609.39 $287,108.89
189 $287,108.89 $860.59 $0.00 $1,623.36 $289,592.84
190 $289,592.84 $860.59 $0.00 $1,637.40 $292,090.83
191 $292,090.83 $860.59 $0.00 $1,651.52 $294,602.94
192 $294,602.94 $860.59 $0.00 $1,665.73 $297,129.26
193 $297,129.26 $860.59 $0.00 $1,680.01 $299,669.86
194 $299,669.86 $860.59 $0.00 $1,694.38 $302,224.83
195 $302,224.83 $860.59 $0.00 $1,708.82 $304,794.24
196 $304,794.24 $860.59 $0.00 $1,723.35 $307,378.18
197 $307,378.18 $860.59 $0.00 $1,737.96 $309,976.73
198 $309,976.73 $860.59 $0.00 $1,752.65 $312,589.97
199 $312,589.97 $860.59 $0.00 $1,767.43 $315,217.99
200 $315,217.99 $860.59 $0.00 $1,782.29 $317,860.87
201 $317,860.87 $860.59 $0.00 $1,797.23 $320,518.69
202 $320,518.69 $860.59 $0.00 $1,812.26 $323,191.54
203 $323,191.54 $860.59 $0.00 $1,827.37 $325,879.50
204 $325,879.50 $860.59 $0.00 $1,842.57 $328,582.66
205 $328,582.66 $860.59 $0.00 $1,857.85 $331,301.10
206 $331,301.10 $860.59 $0.00 $1,873.22 $334,034.91
207 $334,034.91 $860.59 $0.00 $1,888.68 $336,784.18
208 $336,784.18 $860.59 $0.00 $1,904.23 $339,549.00
209 $339,549.00 $860.59 $0.00 $1,919.86 $342,329.45
210 $342,329.45 $860.59 $0.00 $1,935.58 $345,125.62
211 $345,125.62 $860.59 $0.00 $1,951.39 $347,937.60
212 $347,937.60 $860.59 $0.00 $1,967.29 $350,765.48
213 $350,765.48 $860.59 $0.00 $1,983.28 $353,609.35
214 $353,609.35 $860.59 $0.00 $1,999.36 $356,469.30
215 $356,469.30 $860.59 $0.00 $2,015.53 $359,345.42
216 $359,345.42 $860.59 $0.00 $2,031.79 $362,237.80
217 $362,237.80 $860.59 $100,895.10 $2,048.15 $264,251.44
218 $264,251.44 $860.59 $0.00 $1,494.12 $266,606.15
219 $266,606.15 $860.59 $0.00 $1,507.43 $268,974.17
220 $268,974.17 $860.59 $0.00 $1,520.82 $271,355.58
221 $271,355.58 $860.59 $0.00 $1,534.28 $273,750.45
222 $273,750.45 $860.59 $0.00 $1,547.82 $276,158.86
223 $276,158.86 $860.59 $0.00 $1,561.44 $278,580.89
224 $278,580.89 $860.59 $0.00 $1,575.14 $281,016.62
225 $281,016.62 $860.59 $0.00 $1,588.91 $283,466.12
226 $283,466.12 $860.59 $0.00 $1,602.76 $285,929.47
227 $285,929.47 $860.59 $0.00 $1,616.69 $288,406.75
228 $288,406.75 $860.59 $0.00 $1,630.69 $290,898.03
229 $290,898.03 $860.59 $105,939.86 $1,644.78 $187,463.54
230 $187,463.54 $860.59 $0.00 $1,059.95 $189,384.08
231 $189,384.08 $860.59 $0.00 $1,070.81 $191,315.48
232 $191,315.48 $860.59 $0.00 $1,081.73 $193,257.80
233 $193,257.80 $860.59 $0.00 $1,092.71 $195,211.10
234 $195,211.10 $860.59 $0.00 $1,103.75 $197,175.44
235 $197,175.44 $860.59 $0.00 $1,114.86 $199,150.89
236 $199,150.89 $860.59 $0.00 $1,126.03 $201,137.51
237 $201,137.51 $860.59 $0.00 $1,137.26 $203,135.36
238 $203,135.36 $860.59 $0.00 $1,148.56 $205,144.51
239 $205,144.51 $860.59 $0.00 $1,159.92 $207,165.02
240 $207,165.02 $860.59 $0.00 $1,171.34 $209,196.95
241 $209,196.95 $860.59 $111,236.85 $1,182.83 $100,003.52
242 $100,003.52 $860.59 $0.00 $565.43 $101,429.54
243 $101,429.54 $860.59 $0.00 $573.50 $102,863.63
244 $102,863.63 $860.59 $0.00 $581.61 $104,305.83
245 $104,305.83 $860.59 $0.00 $589.76 $105,756.18
246 $105,756.18 $860.59 $0.00 $597.96 $107,214.73
247 $107,214.73 $860.59 $0.00 $606.21 $108,681.53
248 $108,681.53 $860.59 $0.00 $614.50 $110,156.62
249 $110,156.62 $860.59 $0.00 $622.84 $111,640.05
250 $111,640.05 $860.59 $0.00 $631.23 $113,131.87
251 $113,131.87 $860.59 $0.00 $639.66 $114,632.12
252 $114,632.12 $860.59 $0.00 $648.15 $116,140.86
253 $116,140.86 $0.00 $116,798.70 $656.68 ($1.16)