Savings Plan and Future Cost Estimation for Charles R Drew University of Medicine and Science

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$94,144
Monthly savings required$745

How much will it cost to send your child to Charles R Drew University of Medicine and Science in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $376,575.21 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $745.23 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$36,304.00
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 $745.23 $0.00 $0.00 $745.23
2 $745.23 $745.23 $0.00 $4.21 $1,494.67
3 $1,494.67 $745.23 $0.00 $8.45 $2,248.35
4 $2,248.35 $745.23 $0.00 $12.71 $3,006.29
5 $3,006.29 $745.23 $0.00 $17.00 $3,768.52
6 $3,768.52 $745.23 $0.00 $21.31 $4,535.06
7 $4,535.06 $745.23 $0.00 $25.64 $5,305.93
8 $5,305.93 $745.23 $0.00 $30.00 $6,081.16
9 $6,081.16 $745.23 $0.00 $34.38 $6,860.77
10 $6,860.77 $745.23 $0.00 $38.79 $7,644.79
11 $7,644.79 $745.23 $0.00 $43.22 $8,433.24
12 $8,433.24 $745.23 $0.00 $47.68 $9,226.15
13 $9,226.15 $745.23 $0.00 $52.17 $10,023.55
14 $10,023.55 $745.23 $0.00 $56.67 $10,825.45
15 $10,825.45 $745.23 $0.00 $61.21 $11,631.89
16 $11,631.89 $745.23 $0.00 $65.77 $12,442.89
17 $12,442.89 $745.23 $0.00 $70.35 $13,258.47
18 $13,258.47 $745.23 $0.00 $74.97 $14,078.67
19 $14,078.67 $745.23 $0.00 $79.60 $14,903.50
20 $14,903.50 $745.23 $0.00 $84.27 $15,733.00
21 $15,733.00 $745.23 $0.00 $88.96 $16,567.19
22 $16,567.19 $745.23 $0.00 $93.67 $17,406.09
23 $17,406.09 $745.23 $0.00 $98.42 $18,249.74
24 $18,249.74 $745.23 $0.00 $103.19 $19,098.16
25 $19,098.16 $745.23 $0.00 $107.98 $19,951.37
26 $19,951.37 $745.23 $0.00 $112.81 $20,809.41
27 $20,809.41 $745.23 $0.00 $117.66 $21,672.30
28 $21,672.30 $745.23 $0.00 $122.54 $22,540.07
29 $22,540.07 $745.23 $0.00 $127.44 $23,412.74
30 $23,412.74 $745.23 $0.00 $132.38 $24,290.35
31 $24,290.35 $745.23 $0.00 $137.34 $25,172.92
32 $25,172.92 $745.23 $0.00 $142.33 $26,060.48
33 $26,060.48 $745.23 $0.00 $147.35 $26,953.06
34 $26,953.06 $745.23 $0.00 $152.40 $27,850.69
35 $27,850.69 $745.23 $0.00 $157.47 $28,753.39
36 $28,753.39 $745.23 $0.00 $162.58 $29,661.20
37 $29,661.20 $745.23 $0.00 $167.71 $30,574.14
38 $30,574.14 $745.23 $0.00 $172.87 $31,492.24
39 $31,492.24 $745.23 $0.00 $178.06 $32,415.53
40 $32,415.53 $745.23 $0.00 $183.28 $33,344.04
41 $33,344.04 $745.23 $0.00 $188.53 $34,277.80
42 $34,277.80 $745.23 $0.00 $193.81 $35,216.84
43 $35,216.84 $745.23 $0.00 $199.12 $36,161.19
44 $36,161.19 $745.23 $0.00 $204.46 $37,110.88
45 $37,110.88 $745.23 $0.00 $209.83 $38,065.94
46 $38,065.94 $745.23 $0.00 $215.23 $39,026.40
47 $39,026.40 $745.23 $0.00 $220.66 $39,992.29
48 $39,992.29 $745.23 $0.00 $226.12 $40,963.64
49 $40,963.64 $745.23 $0.00 $231.61 $41,940.48
50 $41,940.48 $745.23 $0.00 $237.14 $42,922.85
51 $42,922.85 $745.23 $0.00 $242.69 $43,910.77
52 $43,910.77 $745.23 $0.00 $248.28 $44,904.28
53 $44,904.28 $745.23 $0.00 $253.90 $45,903.41
54 $45,903.41 $745.23 $0.00 $259.54 $46,908.18
55 $46,908.18 $745.23 $0.00 $265.23 $47,918.64
56 $47,918.64 $745.23 $0.00 $270.94 $48,934.81
57 $48,934.81 $745.23 $0.00 $276.68 $49,956.72
58 $49,956.72 $745.23 $0.00 $282.46 $50,984.41
59 $50,984.41 $745.23 $0.00 $288.27 $52,017.91
60 $52,017.91 $745.23 $0.00 $294.12 $53,057.26
61 $53,057.26 $745.23 $0.00 $299.99 $54,102.48
62 $54,102.48 $745.23 $0.00 $305.90 $55,153.61
63 $55,153.61 $745.23 $0.00 $311.85 $56,210.69
64 $56,210.69 $745.23 $0.00 $317.82 $57,273.74
65 $57,273.74 $745.23 $0.00 $323.83 $58,342.80
66 $58,342.80 $745.23 $0.00 $329.88 $59,417.91
67 $59,417.91 $745.23 $0.00 $335.96 $60,499.10
68 $60,499.10 $745.23 $0.00 $342.07 $61,586.40
69 $61,586.40 $745.23 $0.00 $348.22 $62,679.85
70 $62,679.85 $745.23 $0.00 $354.40 $63,779.48
71 $63,779.48 $745.23 $0.00 $360.62 $64,885.33
72 $64,885.33 $745.23 $0.00 $366.87 $65,997.43
73 $65,997.43 $745.23 $0.00 $373.16 $67,115.82
74 $67,115.82 $745.23 $0.00 $379.48 $68,240.53
75 $68,240.53 $745.23 $0.00 $385.84 $69,371.60
76 $69,371.60 $745.23 $0.00 $392.24 $70,509.07
77 $70,509.07 $745.23 $0.00 $398.67 $71,652.97
78 $71,652.97 $745.23 $0.00 $405.14 $72,803.34
79 $72,803.34 $745.23 $0.00 $411.64 $73,960.21
80 $73,960.21 $745.23 $0.00 $418.18 $75,123.62
81 $75,123.62 $745.23 $0.00 $424.76 $76,293.61
82 $76,293.61 $745.23 $0.00 $431.38 $77,470.22
83 $77,470.22 $745.23 $0.00 $438.03 $78,653.48
84 $78,653.48 $745.23 $0.00 $444.72 $79,843.43
85 $79,843.43 $745.23 $0.00 $451.45 $81,040.11
86 $81,040.11 $745.23 $0.00 $458.21 $82,243.55
87 $82,243.55 $745.23 $0.00 $465.02 $83,453.80
88 $83,453.80 $745.23 $0.00 $471.86 $84,670.89
89 $84,670.89 $745.23 $0.00 $478.74 $85,894.86
90 $85,894.86 $745.23 $0.00 $485.66 $87,125.75
91 $87,125.75 $745.23 $0.00 $492.62 $88,363.60
92 $88,363.60 $745.23 $0.00 $499.62 $89,608.45
93 $89,608.45 $745.23 $0.00 $506.66 $90,860.34
94 $90,860.34 $745.23 $0.00 $513.74 $92,119.31
95 $92,119.31 $745.23 $0.00 $520.86 $93,385.40
96 $93,385.40 $745.23 $0.00 $528.01 $94,658.64
97 $94,658.64 $745.23 $0.00 $535.21 $95,939.08
98 $95,939.08 $745.23 $0.00 $542.45 $97,226.76
99 $97,226.76 $745.23 $0.00 $549.73 $98,521.72
100 $98,521.72 $745.23 $0.00 $557.06 $99,824.01
101 $99,824.01 $745.23 $0.00 $564.42 $101,133.66
102 $101,133.66 $745.23 $0.00 $571.82 $102,450.71
103 $102,450.71 $745.23 $0.00 $579.27 $103,775.21
104 $103,775.21 $745.23 $0.00 $586.76 $105,107.20
105 $105,107.20 $745.23 $0.00 $594.29 $106,446.72
106 $106,446.72 $745.23 $0.00 $601.87 $107,793.82
107 $107,793.82 $745.23 $0.00 $609.48 $109,148.53
108 $109,148.53 $745.23 $0.00 $617.14 $110,510.90
109 $110,510.90 $745.23 $0.00 $624.84 $111,880.97
110 $111,880.97 $745.23 $0.00 $632.59 $113,258.79
111 $113,258.79 $745.23 $0.00 $640.38 $114,644.40
112 $114,644.40 $745.23 $0.00 $648.22 $116,037.85
113 $116,037.85 $745.23 $0.00 $656.09 $117,439.17
114 $117,439.17 $745.23 $0.00 $664.02 $118,848.42
115 $118,848.42 $745.23 $0.00 $671.99 $120,265.64
116 $120,265.64 $745.23 $0.00 $680.00 $121,690.87
117 $121,690.87 $745.23 $0.00 $688.06 $123,124.16
118 $123,124.16 $745.23 $0.00 $696.16 $124,565.55
119 $124,565.55 $745.23 $0.00 $704.31 $126,015.09
120 $126,015.09 $745.23 $0.00 $712.51 $127,472.83
121 $127,472.83 $745.23 $0.00 $720.75 $128,938.81
122 $128,938.81 $745.23 $0.00 $729.04 $130,413.08
123 $130,413.08 $745.23 $0.00 $737.37 $131,895.68
124 $131,895.68 $745.23 $0.00 $745.76 $133,386.67
125 $133,386.67 $745.23 $0.00 $754.19 $134,886.09
126 $134,886.09 $745.23 $0.00 $762.67 $136,393.99
127 $136,393.99 $745.23 $0.00 $771.19 $137,910.41
128 $137,910.41 $745.23 $0.00 $779.77 $139,435.41
129 $139,435.41 $745.23 $0.00 $788.39 $140,969.03
130 $140,969.03 $745.23 $0.00 $797.06 $142,511.32
131 $142,511.32 $745.23 $0.00 $805.78 $144,062.33
132 $144,062.33 $745.23 $0.00 $814.55 $145,622.11
133 $145,622.11 $745.23 $0.00 $823.37 $147,190.71
134 $147,190.71 $745.23 $0.00 $832.24 $148,768.18
135 $148,768.18 $745.23 $0.00 $841.16 $150,354.57
136 $150,354.57 $745.23 $0.00 $850.13 $151,949.93
137 $151,949.93 $745.23 $0.00 $859.15 $153,554.31
138 $153,554.31 $745.23 $0.00 $868.22 $155,167.76
139 $155,167.76 $745.23 $0.00 $877.34 $156,790.33
140 $156,790.33 $745.23 $0.00 $886.52 $158,422.08
141 $158,422.08 $745.23 $0.00 $895.74 $160,063.05
142 $160,063.05 $745.23 $0.00 $905.02 $161,713.30
143 $161,713.30 $745.23 $0.00 $914.35 $163,372.88
144 $163,372.88 $745.23 $0.00 $923.73 $165,041.84
145 $165,041.84 $745.23 $0.00 $933.17 $166,720.24
146 $166,720.24 $745.23 $0.00 $942.66 $168,408.13
147 $168,408.13 $745.23 $0.00 $952.20 $170,105.56
148 $170,105.56 $745.23 $0.00 $961.80 $171,812.59
149 $171,812.59 $745.23 $0.00 $971.45 $173,529.27
150 $173,529.27 $745.23 $0.00 $981.16 $175,255.66
151 $175,255.66 $745.23 $0.00 $990.92 $176,991.81
152 $176,991.81 $745.23 $0.00 $1,000.74 $178,737.78
153 $178,737.78 $745.23 $0.00 $1,010.61 $180,493.62
154 $180,493.62 $745.23 $0.00 $1,020.54 $182,259.39
155 $182,259.39 $745.23 $0.00 $1,030.52 $184,035.14
156 $184,035.14 $745.23 $0.00 $1,040.56 $185,820.93
157 $185,820.93 $745.23 $0.00 $1,050.66 $187,616.82
158 $187,616.82 $745.23 $0.00 $1,060.81 $189,422.86
159 $189,422.86 $745.23 $0.00 $1,071.02 $191,239.11
160 $191,239.11 $745.23 $0.00 $1,081.29 $193,065.63
161 $193,065.63 $745.23 $0.00 $1,091.62 $194,902.48
162 $194,902.48 $745.23 $0.00 $1,102.01 $196,749.72
163 $196,749.72 $745.23 $0.00 $1,112.45 $198,607.40
164 $198,607.40 $745.23 $0.00 $1,122.96 $200,475.59
165 $200,475.59 $745.23 $0.00 $1,133.52 $202,354.34
166 $202,354.34 $745.23 $0.00 $1,144.14 $204,243.71
167 $204,243.71 $745.23 $0.00 $1,154.82 $206,143.76
168 $206,143.76 $745.23 $0.00 $1,165.57 $208,054.56
169 $208,054.56 $745.23 $0.00 $1,176.37 $209,976.16
170 $209,976.16 $745.23 $0.00 $1,187.24 $211,908.63
171 $211,908.63 $745.23 $0.00 $1,198.16 $213,852.02
172 $213,852.02 $745.23 $0.00 $1,209.15 $215,806.40
173 $215,806.40 $745.23 $0.00 $1,220.20 $217,771.83
174 $217,771.83 $745.23 $0.00 $1,231.31 $219,748.37
175 $219,748.37 $745.23 $0.00 $1,242.49 $221,736.09
176 $221,736.09 $745.23 $0.00 $1,253.73 $223,735.05
177 $223,735.05 $745.23 $0.00 $1,265.03 $225,745.31
178 $225,745.31 $745.23 $0.00 $1,276.40 $227,766.94
179 $227,766.94 $745.23 $0.00 $1,287.83 $229,800.00
180 $229,800.00 $745.23 $0.00 $1,299.32 $231,844.55
181 $231,844.55 $745.23 $0.00 $1,310.88 $233,900.66
182 $233,900.66 $745.23 $0.00 $1,322.51 $235,968.40
183 $235,968.40 $745.23 $0.00 $1,334.20 $238,047.83
184 $238,047.83 $745.23 $0.00 $1,345.96 $240,139.02
185 $240,139.02 $745.23 $0.00 $1,357.78 $242,242.03
186 $242,242.03 $745.23 $0.00 $1,369.67 $244,356.93
187 $244,356.93 $745.23 $0.00 $1,381.63 $246,483.79
188 $246,483.79 $745.23 $0.00 $1,393.66 $248,622.68
189 $248,622.68 $745.23 $0.00 $1,405.75 $250,773.66
190 $250,773.66 $745.23 $0.00 $1,417.91 $252,936.80
191 $252,936.80 $745.23 $0.00 $1,430.14 $255,112.17
192 $255,112.17 $745.23 $0.00 $1,442.44 $257,299.84
193 $257,299.84 $745.23 $0.00 $1,454.81 $259,499.88
194 $259,499.88 $745.23 $0.00 $1,467.25 $261,712.36
195 $261,712.36 $745.23 $0.00 $1,479.76 $263,937.35
196 $263,937.35 $745.23 $0.00 $1,492.34 $266,174.92
197 $266,174.92 $745.23 $0.00 $1,504.99 $268,425.14
198 $268,425.14 $745.23 $0.00 $1,517.71 $270,688.08
199 $270,688.08 $745.23 $0.00 $1,530.51 $272,963.82
200 $272,963.82 $745.23 $0.00 $1,543.38 $275,252.43
201 $275,252.43 $745.23 $0.00 $1,556.32 $277,553.98
202 $277,553.98 $745.23 $0.00 $1,569.33 $279,868.54
203 $279,868.54 $745.23 $0.00 $1,582.42 $282,196.19
204 $282,196.19 $745.23 $0.00 $1,595.58 $284,537.00
205 $284,537.00 $745.23 $0.00 $1,608.81 $286,891.04
206 $286,891.04 $745.23 $0.00 $1,622.12 $289,258.39
207 $289,258.39 $745.23 $0.00 $1,635.51 $291,639.13
208 $291,639.13 $745.23 $0.00 $1,648.97 $294,033.33
209 $294,033.33 $745.23 $0.00 $1,662.51 $296,441.07
210 $296,441.07 $745.23 $0.00 $1,676.12 $298,862.42
211 $298,862.42 $745.23 $0.00 $1,689.81 $301,297.46
212 $301,297.46 $745.23 $0.00 $1,703.58 $303,746.27
213 $303,746.27 $745.23 $0.00 $1,717.43 $306,208.93
214 $306,208.93 $745.23 $0.00 $1,731.35 $308,685.51
215 $308,685.51 $745.23 $0.00 $1,745.35 $311,176.09
216 $311,176.09 $745.23 $0.00 $1,759.43 $313,680.75
217 $313,680.75 $745.23 $87,369.90 $1,773.60 $228,829.68
218 $228,829.68 $745.23 $0.00 $1,293.84 $230,868.75
219 $230,868.75 $745.23 $0.00 $1,305.37 $232,919.35
220 $232,919.35 $745.23 $0.00 $1,316.96 $234,981.54
221 $234,981.54 $745.23 $0.00 $1,328.62 $237,055.39
222 $237,055.39 $745.23 $0.00 $1,340.35 $239,140.97
223 $239,140.97 $745.23 $0.00 $1,352.14 $241,238.34
224 $241,238.34 $745.23 $0.00 $1,364.00 $243,347.57
225 $243,347.57 $745.23 $0.00 $1,375.92 $245,468.72
226 $245,468.72 $745.23 $0.00 $1,387.92 $247,601.87
227 $247,601.87 $745.23 $0.00 $1,399.98 $249,747.08
228 $249,747.08 $745.23 $0.00 $1,412.11 $251,904.42
229 $251,904.42 $745.23 $91,738.40 $1,424.30 $162,335.55
230 $162,335.55 $745.23 $0.00 $917.87 $163,998.65
231 $163,998.65 $745.23 $0.00 $927.27 $165,671.15
232 $165,671.15 $745.23 $0.00 $936.73 $167,353.11
233 $167,353.11 $745.23 $0.00 $946.24 $169,044.58
234 $169,044.58 $745.23 $0.00 $955.80 $170,745.61
235 $170,745.61 $745.23 $0.00 $965.42 $172,456.26
236 $172,456.26 $745.23 $0.00 $975.09 $174,176.58
237 $174,176.58 $745.23 $0.00 $984.82 $175,906.63
238 $175,906.63 $745.23 $0.00 $994.60 $177,646.46
239 $177,646.46 $745.23 $0.00 $1,004.44 $179,396.13
240 $179,396.13 $745.23 $0.00 $1,014.33 $181,155.69
241 $181,155.69 $745.23 $96,325.32 $1,024.28 $86,599.88
242 $86,599.88 $745.23 $0.00 $489.65 $87,834.76
243 $87,834.76 $745.23 $0.00 $496.63 $89,076.62
244 $89,076.62 $745.23 $0.00 $503.65 $90,325.50
245 $90,325.50 $745.23 $0.00 $510.71 $91,581.44
246 $91,581.44 $745.23 $0.00 $517.81 $92,844.48
247 $92,844.48 $745.23 $0.00 $524.96 $94,114.67
248 $94,114.67 $745.23 $0.00 $532.14 $95,392.04
249 $95,392.04 $745.23 $0.00 $539.36 $96,676.63
250 $96,676.63 $745.23 $0.00 $546.62 $97,968.48
251 $97,968.48 $745.23 $0.00 $553.93 $99,267.64
252 $99,267.64 $745.23 $0.00 $561.27 $100,574.14
253 $100,574.14 $0.00 $101,141.59 $568.66 $1.21