Savings Plan and Future Cost Estimation for University of Alabama at Birmingham

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$108,457
Monthly savings required$857

How much will it cost to send your child to University of Alabama at Birmingham in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $433,828.88 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $857.17 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$28,909.00
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 $857.17 $0.00 $0.00 $857.17
2 $857.17 $857.17 $0.00 $4.85 $1,719.19
3 $1,719.19 $857.17 $0.00 $9.72 $2,586.08
4 $2,586.08 $857.17 $0.00 $14.62 $3,457.87
5 $3,457.87 $857.17 $0.00 $19.55 $4,334.59
6 $4,334.59 $857.17 $0.00 $24.51 $5,216.27
7 $5,216.27 $857.17 $0.00 $29.49 $6,102.93
8 $6,102.93 $857.17 $0.00 $34.51 $6,994.61
9 $6,994.61 $857.17 $0.00 $39.55 $7,891.33
10 $7,891.33 $857.17 $0.00 $44.62 $8,793.12
11 $8,793.12 $857.17 $0.00 $49.72 $9,700.01
12 $9,700.01 $857.17 $0.00 $54.85 $10,612.03
13 $10,612.03 $857.17 $0.00 $60.00 $11,529.20
14 $11,529.20 $857.17 $0.00 $65.19 $12,451.56
15 $12,451.56 $857.17 $0.00 $70.40 $13,379.13
16 $13,379.13 $857.17 $0.00 $75.65 $14,311.95
17 $14,311.95 $857.17 $0.00 $80.92 $15,250.04
18 $15,250.04 $857.17 $0.00 $86.23 $16,193.44
19 $16,193.44 $857.17 $0.00 $91.56 $17,142.17
20 $17,142.17 $857.17 $0.00 $96.92 $18,096.26
21 $18,096.26 $857.17 $0.00 $102.32 $19,055.75
22 $19,055.75 $857.17 $0.00 $107.74 $20,020.66
23 $20,020.66 $857.17 $0.00 $113.20 $20,991.03
24 $20,991.03 $857.17 $0.00 $118.69 $21,966.89
25 $21,966.89 $857.17 $0.00 $124.20 $22,948.26
26 $22,948.26 $857.17 $0.00 $129.75 $23,935.18
27 $23,935.18 $857.17 $0.00 $135.33 $24,927.68
28 $24,927.68 $857.17 $0.00 $140.94 $25,925.79
29 $25,925.79 $857.17 $0.00 $146.59 $26,929.55
30 $26,929.55 $857.17 $0.00 $152.26 $27,938.98
31 $27,938.98 $857.17 $0.00 $157.97 $28,954.12
32 $28,954.12 $857.17 $0.00 $163.71 $29,975.00
33 $29,975.00 $857.17 $0.00 $169.48 $31,001.65
34 $31,001.65 $857.17 $0.00 $175.29 $32,034.11
35 $32,034.11 $857.17 $0.00 $181.13 $33,072.41
36 $33,072.41 $857.17 $0.00 $187.00 $34,116.58
37 $34,116.58 $857.17 $0.00 $192.90 $35,166.65
38 $35,166.65 $857.17 $0.00 $198.84 $36,222.66
39 $36,222.66 $857.17 $0.00 $204.81 $37,284.64
40 $37,284.64 $857.17 $0.00 $210.81 $38,352.62
41 $38,352.62 $857.17 $0.00 $216.85 $39,426.64
42 $39,426.64 $857.17 $0.00 $222.92 $40,506.73
43 $40,506.73 $857.17 $0.00 $229.03 $41,592.93
44 $41,592.93 $857.17 $0.00 $235.17 $42,685.27
45 $42,685.27 $857.17 $0.00 $241.35 $43,783.79
46 $43,783.79 $857.17 $0.00 $247.56 $44,888.52
47 $44,888.52 $857.17 $0.00 $253.81 $45,999.50
48 $45,999.50 $857.17 $0.00 $260.09 $47,116.76
49 $47,116.76 $857.17 $0.00 $266.41 $48,240.34
50 $48,240.34 $857.17 $0.00 $272.76 $49,370.27
51 $49,370.27 $857.17 $0.00 $279.15 $50,506.59
52 $50,506.59 $857.17 $0.00 $285.57 $51,649.33
53 $51,649.33 $857.17 $0.00 $292.03 $52,798.53
54 $52,798.53 $857.17 $0.00 $298.53 $53,954.23
55 $53,954.23 $857.17 $0.00 $305.07 $55,116.47
56 $55,116.47 $857.17 $0.00 $311.64 $56,285.28
57 $56,285.28 $857.17 $0.00 $318.25 $57,460.70
58 $57,460.70 $857.17 $0.00 $324.89 $58,642.76
59 $58,642.76 $857.17 $0.00 $331.57 $59,831.50
60 $59,831.50 $857.17 $0.00 $338.30 $61,026.97
61 $61,026.97 $857.17 $0.00 $345.06 $62,229.20
62 $62,229.20 $857.17 $0.00 $351.85 $63,438.22
63 $63,438.22 $857.17 $0.00 $358.69 $64,654.08
64 $64,654.08 $857.17 $0.00 $365.56 $65,876.81
65 $65,876.81 $857.17 $0.00 $372.48 $67,106.46
66 $67,106.46 $857.17 $0.00 $379.43 $68,343.06
67 $68,343.06 $857.17 $0.00 $386.42 $69,586.65
68 $69,586.65 $857.17 $0.00 $393.45 $70,837.27
69 $70,837.27 $857.17 $0.00 $400.52 $72,094.96
70 $72,094.96 $857.17 $0.00 $407.64 $73,359.77
71 $73,359.77 $857.17 $0.00 $414.79 $74,631.73
72 $74,631.73 $857.17 $0.00 $421.98 $75,910.88
73 $75,910.88 $857.17 $0.00 $429.21 $77,197.26
74 $77,197.26 $857.17 $0.00 $436.48 $78,490.91
75 $78,490.91 $857.17 $0.00 $443.80 $79,791.88
76 $79,791.88 $857.17 $0.00 $451.15 $81,100.20
77 $81,100.20 $857.17 $0.00 $458.55 $82,415.92
78 $82,415.92 $857.17 $0.00 $465.99 $83,739.08
79 $83,739.08 $857.17 $0.00 $473.47 $85,069.72
80 $85,069.72 $857.17 $0.00 $481.00 $86,407.89
81 $86,407.89 $857.17 $0.00 $488.56 $87,753.62
82 $87,753.62 $857.17 $0.00 $496.17 $89,106.96
83 $89,106.96 $857.17 $0.00 $503.82 $90,467.95
84 $90,467.95 $857.17 $0.00 $511.52 $91,836.64
85 $91,836.64 $857.17 $0.00 $519.26 $93,213.07
86 $93,213.07 $857.17 $0.00 $527.04 $94,597.28
87 $94,597.28 $857.17 $0.00 $534.87 $95,989.32
88 $95,989.32 $857.17 $0.00 $542.74 $97,389.23
89 $97,389.23 $857.17 $0.00 $550.65 $98,797.05
90 $98,797.05 $857.17 $0.00 $558.61 $100,212.83
91 $100,212.83 $857.17 $0.00 $566.62 $101,636.62
92 $101,636.62 $857.17 $0.00 $574.67 $103,068.46
93 $103,068.46 $857.17 $0.00 $582.76 $104,508.39
94 $104,508.39 $857.17 $0.00 $590.91 $105,956.47
95 $105,956.47 $857.17 $0.00 $599.09 $107,412.73
96 $107,412.73 $857.17 $0.00 $607.33 $108,877.23
97 $108,877.23 $857.17 $0.00 $615.61 $110,350.01
98 $110,350.01 $857.17 $0.00 $623.94 $111,831.12
99 $111,831.12 $857.17 $0.00 $632.31 $113,320.60
100 $113,320.60 $857.17 $0.00 $640.73 $114,818.50
101 $114,818.50 $857.17 $0.00 $649.20 $116,324.87
102 $116,324.87 $857.17 $0.00 $657.72 $117,839.76
103 $117,839.76 $857.17 $0.00 $666.28 $119,363.21
104 $119,363.21 $857.17 $0.00 $674.90 $120,895.28
105 $120,895.28 $857.17 $0.00 $683.56 $122,436.01
106 $122,436.01 $857.17 $0.00 $692.27 $123,985.45
107 $123,985.45 $857.17 $0.00 $701.03 $125,543.65
108 $125,543.65 $857.17 $0.00 $709.84 $127,110.66
109 $127,110.66 $857.17 $0.00 $718.70 $128,686.53
110 $128,686.53 $857.17 $0.00 $727.61 $130,271.31
111 $130,271.31 $857.17 $0.00 $736.57 $131,865.05
112 $131,865.05 $857.17 $0.00 $745.58 $133,467.80
113 $133,467.80 $857.17 $0.00 $754.65 $135,079.62
114 $135,079.62 $857.17 $0.00 $763.76 $136,700.55
115 $136,700.55 $857.17 $0.00 $772.92 $138,330.64
116 $138,330.64 $857.17 $0.00 $782.14 $139,969.95
117 $139,969.95 $857.17 $0.00 $791.41 $141,618.53
118 $141,618.53 $857.17 $0.00 $800.73 $143,276.43
119 $143,276.43 $857.17 $0.00 $810.11 $144,943.71
120 $144,943.71 $857.17 $0.00 $819.53 $146,620.41
121 $146,620.41 $857.17 $0.00 $829.01 $148,306.59
122 $148,306.59 $857.17 $0.00 $838.55 $150,002.31
123 $150,002.31 $857.17 $0.00 $848.13 $151,707.61
124 $151,707.61 $857.17 $0.00 $857.78 $153,422.56
125 $153,422.56 $857.17 $0.00 $867.47 $155,147.20
126 $155,147.20 $857.17 $0.00 $877.22 $156,881.59
127 $156,881.59 $857.17 $0.00 $887.03 $158,625.79
128 $158,625.79 $857.17 $0.00 $896.89 $160,379.85
129 $160,379.85 $857.17 $0.00 $906.81 $162,143.83
130 $162,143.83 $857.17 $0.00 $916.78 $163,917.78
131 $163,917.78 $857.17 $0.00 $926.81 $165,701.76
132 $165,701.76 $857.17 $0.00 $936.90 $167,495.83
133 $167,495.83 $857.17 $0.00 $947.05 $169,300.05
134 $169,300.05 $857.17 $0.00 $957.25 $171,114.47
135 $171,114.47 $857.17 $0.00 $967.51 $172,939.15
136 $172,939.15 $857.17 $0.00 $977.82 $174,774.14
137 $174,774.14 $857.17 $0.00 $988.20 $176,619.51
138 $176,619.51 $857.17 $0.00 $998.63 $178,475.31
139 $178,475.31 $857.17 $0.00 $1,009.13 $180,341.61
140 $180,341.61 $857.17 $0.00 $1,019.68 $182,218.46
141 $182,218.46 $857.17 $0.00 $1,030.29 $184,105.92
142 $184,105.92 $857.17 $0.00 $1,040.96 $186,004.05
143 $186,004.05 $857.17 $0.00 $1,051.69 $187,912.91
144 $187,912.91 $857.17 $0.00 $1,062.49 $189,832.57
145 $189,832.57 $857.17 $0.00 $1,073.34 $191,763.08
146 $191,763.08 $857.17 $0.00 $1,084.26 $193,704.51
147 $193,704.51 $857.17 $0.00 $1,095.23 $195,656.91
148 $195,656.91 $857.17 $0.00 $1,106.27 $197,620.35
149 $197,620.35 $857.17 $0.00 $1,117.37 $199,594.89
150 $199,594.89 $857.17 $0.00 $1,128.54 $201,580.60
151 $201,580.60 $857.17 $0.00 $1,139.77 $203,577.54
152 $203,577.54 $857.17 $0.00 $1,151.06 $205,585.77
153 $205,585.77 $857.17 $0.00 $1,162.41 $207,605.35
154 $207,605.35 $857.17 $0.00 $1,173.83 $209,636.35
155 $209,636.35 $857.17 $0.00 $1,185.31 $211,678.83
156 $211,678.83 $857.17 $0.00 $1,196.86 $213,732.86
157 $213,732.86 $857.17 $0.00 $1,208.48 $215,798.51
158 $215,798.51 $857.17 $0.00 $1,220.16 $217,875.84
159 $217,875.84 $857.17 $0.00 $1,231.90 $219,964.91
160 $219,964.91 $857.17 $0.00 $1,243.71 $222,065.79
161 $222,065.79 $857.17 $0.00 $1,255.59 $224,178.55
162 $224,178.55 $857.17 $0.00 $1,267.54 $226,303.26
163 $226,303.26 $857.17 $0.00 $1,279.55 $228,439.98
164 $228,439.98 $857.17 $0.00 $1,291.63 $230,588.78
165 $230,588.78 $857.17 $0.00 $1,303.78 $232,749.73
166 $232,749.73 $857.17 $0.00 $1,316.00 $234,922.90
167 $234,922.90 $857.17 $0.00 $1,328.29 $237,108.36
168 $237,108.36 $857.17 $0.00 $1,340.65 $239,306.18
169 $239,306.18 $857.17 $0.00 $1,353.07 $241,516.42
170 $241,516.42 $857.17 $0.00 $1,365.57 $243,739.16
171 $243,739.16 $857.17 $0.00 $1,378.14 $245,974.47
172 $245,974.47 $857.17 $0.00 $1,390.78 $248,222.42
173 $248,222.42 $857.17 $0.00 $1,403.49 $250,483.08
174 $250,483.08 $857.17 $0.00 $1,416.27 $252,756.52
175 $252,756.52 $857.17 $0.00 $1,429.12 $255,042.81
176 $255,042.81 $857.17 $0.00 $1,442.05 $257,342.03
177 $257,342.03 $857.17 $0.00 $1,455.05 $259,654.25
178 $259,654.25 $857.17 $0.00 $1,468.12 $261,979.54
179 $261,979.54 $857.17 $0.00 $1,481.27 $264,317.98
180 $264,317.98 $857.17 $0.00 $1,494.49 $266,669.64
181 $266,669.64 $857.17 $0.00 $1,507.79 $269,034.60
182 $269,034.60 $857.17 $0.00 $1,521.16 $271,412.93
183 $271,412.93 $857.17 $0.00 $1,534.61 $273,804.71
184 $273,804.71 $857.17 $0.00 $1,548.13 $276,210.01
185 $276,210.01 $857.17 $0.00 $1,561.73 $278,628.91
186 $278,628.91 $857.17 $0.00 $1,575.41 $281,061.49
187 $281,061.49 $857.17 $0.00 $1,589.16 $283,507.82
188 $283,507.82 $857.17 $0.00 $1,602.99 $285,967.98
189 $285,967.98 $857.17 $0.00 $1,616.90 $288,442.05
190 $288,442.05 $857.17 $0.00 $1,630.89 $290,930.11
191 $290,930.11 $857.17 $0.00 $1,644.96 $293,432.24
192 $293,432.24 $857.17 $0.00 $1,659.11 $295,948.52
193 $295,948.52 $857.17 $0.00 $1,673.34 $298,479.03
194 $298,479.03 $857.17 $0.00 $1,687.64 $301,023.84
195 $301,023.84 $857.17 $0.00 $1,702.03 $303,583.04
196 $303,583.04 $857.17 $0.00 $1,716.50 $306,156.71
197 $306,156.71 $857.17 $0.00 $1,731.05 $308,744.93
198 $308,744.93 $857.17 $0.00 $1,745.69 $311,347.79
199 $311,347.79 $857.17 $0.00 $1,760.41 $313,965.37
200 $313,965.37 $857.17 $0.00 $1,775.21 $316,597.75
201 $316,597.75 $857.17 $0.00 $1,790.09 $319,245.01
202 $319,245.01 $857.17 $0.00 $1,805.06 $321,907.24
203 $321,907.24 $857.17 $0.00 $1,820.11 $324,584.52
204 $324,584.52 $857.17 $0.00 $1,835.25 $327,276.94
205 $327,276.94 $857.17 $0.00 $1,850.47 $329,984.58
206 $329,984.58 $857.17 $0.00 $1,865.78 $332,707.53
207 $332,707.53 $857.17 $0.00 $1,881.18 $335,445.88
208 $335,445.88 $857.17 $0.00 $1,896.66 $338,199.71
209 $338,199.71 $857.17 $0.00 $1,912.23 $340,969.11
210 $340,969.11 $857.17 $0.00 $1,927.89 $343,754.17
211 $343,754.17 $857.17 $0.00 $1,943.64 $346,554.98
212 $346,554.98 $857.17 $0.00 $1,959.47 $349,371.62
213 $349,371.62 $857.17 $0.00 $1,975.40 $352,204.19
214 $352,204.19 $857.17 $0.00 $1,991.41 $355,052.77
215 $355,052.77 $857.17 $0.00 $2,007.52 $357,917.46
216 $357,917.46 $857.17 $0.00 $2,023.72 $360,798.35
217 $360,798.35 $857.17 $97,710.46 $2,040.01 $265,985.07
218 $265,985.07 $857.17 $0.00 $1,503.92 $268,346.16
219 $268,346.16 $857.17 $0.00 $1,517.27 $270,720.60
220 $270,720.60 $857.17 $0.00 $1,530.69 $273,108.46
221 $273,108.46 $857.17 $0.00 $1,544.19 $275,509.82
222 $275,509.82 $857.17 $0.00 $1,557.77 $277,924.76
223 $277,924.76 $857.17 $0.00 $1,571.43 $280,353.36
224 $280,353.36 $857.17 $0.00 $1,585.16 $282,795.69
225 $282,795.69 $857.17 $0.00 $1,598.97 $285,251.83
226 $285,251.83 $857.17 $0.00 $1,612.86 $287,721.86
227 $287,721.86 $857.17 $0.00 $1,626.82 $290,205.85
228 $290,205.85 $857.17 $0.00 $1,640.87 $292,703.89
229 $292,703.89 $857.17 $104,550.19 $1,654.99 $190,665.86
230 $190,665.86 $857.17 $0.00 $1,078.05 $192,601.08
231 $192,601.08 $857.17 $0.00 $1,088.99 $194,547.24
232 $194,547.24 $857.17 $0.00 $1,100.00 $196,504.41
233 $196,504.41 $857.17 $0.00 $1,111.06 $198,472.64
234 $198,472.64 $857.17 $0.00 $1,122.19 $200,452.00
235 $200,452.00 $857.17 $0.00 $1,133.38 $202,442.55
236 $202,442.55 $857.17 $0.00 $1,144.64 $204,444.36
237 $204,444.36 $857.17 $0.00 $1,155.96 $206,457.49
238 $206,457.49 $857.17 $0.00 $1,167.34 $208,482.00
239 $208,482.00 $857.17 $0.00 $1,178.79 $210,517.96
240 $210,517.96 $857.17 $0.00 $1,190.30 $212,565.43
241 $212,565.43 $857.17 $111,868.71 $1,201.88 $102,755.77
242 $102,755.77 $857.17 $0.00 $581.00 $104,193.94
243 $104,193.94 $857.17 $0.00 $589.13 $105,640.24
244 $105,640.24 $857.17 $0.00 $597.31 $107,094.72
245 $107,094.72 $857.17 $0.00 $605.53 $108,557.42
246 $108,557.42 $857.17 $0.00 $613.80 $110,028.39
247 $110,028.39 $857.17 $0.00 $622.12 $111,507.68
248 $111,507.68 $857.17 $0.00 $630.48 $112,995.33
249 $112,995.33 $857.17 $0.00 $638.89 $114,491.39
250 $114,491.39 $857.17 $0.00 $647.35 $115,995.91
251 $115,995.91 $857.17 $0.00 $655.86 $117,508.94
252 $117,508.94 $857.17 $0.00 $664.41 $119,030.52
253 $119,030.52 $0.00 $119,699.52 $673.02 $4.02