Savings Plan and Future Cost Estimation for University of the West

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$70,126
Monthly savings required$555

How much will it cost to send your child to University of the West in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $280,502.06 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $555.10 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$27,042.00
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 $555.10 $0.00 $0.00 $555.10
2 $555.10 $555.10 $0.00 $3.14 $1,113.34
3 $1,113.34 $555.10 $0.00 $6.29 $1,674.73
4 $1,674.73 $555.10 $0.00 $9.47 $2,239.30
5 $2,239.30 $555.10 $0.00 $12.66 $2,807.06
6 $2,807.06 $555.10 $0.00 $15.87 $3,378.03
7 $3,378.03 $555.10 $0.00 $19.10 $3,952.23
8 $3,952.23 $555.10 $0.00 $22.35 $4,529.68
9 $4,529.68 $555.10 $0.00 $25.61 $5,110.39
10 $5,110.39 $555.10 $0.00 $28.89 $5,694.38
11 $5,694.38 $555.10 $0.00 $32.20 $6,281.68
12 $6,281.68 $555.10 $0.00 $35.52 $6,872.30
13 $6,872.30 $555.10 $0.00 $38.86 $7,466.26
14 $7,466.26 $555.10 $0.00 $42.22 $8,063.58
15 $8,063.58 $555.10 $0.00 $45.59 $8,664.27
16 $8,664.27 $555.10 $0.00 $48.99 $9,268.36
17 $9,268.36 $555.10 $0.00 $52.40 $9,875.86
18 $9,875.86 $555.10 $0.00 $55.84 $10,486.80
19 $10,486.80 $555.10 $0.00 $59.29 $11,101.19
20 $11,101.19 $555.10 $0.00 $62.77 $11,719.06
21 $11,719.06 $555.10 $0.00 $66.26 $12,340.42
22 $12,340.42 $555.10 $0.00 $69.77 $12,965.29
23 $12,965.29 $555.10 $0.00 $73.31 $13,593.70
24 $13,593.70 $555.10 $0.00 $76.86 $14,225.66
25 $14,225.66 $555.10 $0.00 $80.43 $14,861.19
26 $14,861.19 $555.10 $0.00 $84.03 $15,500.32
27 $15,500.32 $555.10 $0.00 $87.64 $16,143.06
28 $16,143.06 $555.10 $0.00 $91.28 $16,789.44
29 $16,789.44 $555.10 $0.00 $94.93 $17,439.47
30 $17,439.47 $555.10 $0.00 $98.61 $18,093.18
31 $18,093.18 $555.10 $0.00 $102.30 $18,750.58
32 $18,750.58 $555.10 $0.00 $106.02 $19,411.70
33 $19,411.70 $555.10 $0.00 $109.76 $20,076.56
34 $20,076.56 $555.10 $0.00 $113.52 $20,745.18
35 $20,745.18 $555.10 $0.00 $117.30 $21,417.58
36 $21,417.58 $555.10 $0.00 $121.10 $22,093.78
37 $22,093.78 $555.10 $0.00 $124.92 $22,773.80
38 $22,773.80 $555.10 $0.00 $128.77 $23,457.67
39 $23,457.67 $555.10 $0.00 $132.63 $24,145.40
40 $24,145.40 $555.10 $0.00 $136.52 $24,837.02
41 $24,837.02 $555.10 $0.00 $140.43 $25,532.55
42 $25,532.55 $555.10 $0.00 $144.36 $26,232.01
43 $26,232.01 $555.10 $0.00 $148.32 $26,935.43
44 $26,935.43 $555.10 $0.00 $152.30 $27,642.83
45 $27,642.83 $555.10 $0.00 $156.30 $28,354.23
46 $28,354.23 $555.10 $0.00 $160.32 $29,069.65
47 $29,069.65 $555.10 $0.00 $164.36 $29,789.11
48 $29,789.11 $555.10 $0.00 $168.43 $30,512.64
49 $30,512.64 $555.10 $0.00 $172.52 $31,240.26
50 $31,240.26 $555.10 $0.00 $176.64 $31,972.00
51 $31,972.00 $555.10 $0.00 $180.77 $32,707.87
52 $32,707.87 $555.10 $0.00 $184.94 $33,447.91
53 $33,447.91 $555.10 $0.00 $189.12 $34,192.13
54 $34,192.13 $555.10 $0.00 $193.33 $34,940.56
55 $34,940.56 $555.10 $0.00 $197.56 $35,693.22
56 $35,693.22 $555.10 $0.00 $201.81 $36,450.13
57 $36,450.13 $555.10 $0.00 $206.09 $37,211.32
58 $37,211.32 $555.10 $0.00 $210.40 $37,976.82
59 $37,976.82 $555.10 $0.00 $214.73 $38,746.65
60 $38,746.65 $555.10 $0.00 $219.08 $39,520.83
61 $39,520.83 $555.10 $0.00 $223.46 $40,299.39
62 $40,299.39 $555.10 $0.00 $227.86 $41,082.35
63 $41,082.35 $555.10 $0.00 $232.29 $41,869.74
64 $41,869.74 $555.10 $0.00 $236.74 $42,661.58
65 $42,661.58 $555.10 $0.00 $241.21 $43,457.89
66 $43,457.89 $555.10 $0.00 $245.72 $44,258.71
67 $44,258.71 $555.10 $0.00 $250.25 $45,064.06
68 $45,064.06 $555.10 $0.00 $254.80 $45,873.96
69 $45,873.96 $555.10 $0.00 $259.38 $46,688.44
70 $46,688.44 $555.10 $0.00 $263.98 $47,507.52
71 $47,507.52 $555.10 $0.00 $268.61 $48,331.23
72 $48,331.23 $555.10 $0.00 $273.27 $49,159.60
73 $49,159.60 $555.10 $0.00 $277.96 $49,992.66
74 $49,992.66 $555.10 $0.00 $282.67 $50,830.43
75 $50,830.43 $555.10 $0.00 $287.40 $51,672.93
76 $51,672.93 $555.10 $0.00 $292.17 $52,520.20
77 $52,520.20 $555.10 $0.00 $296.96 $53,372.26
78 $53,372.26 $555.10 $0.00 $301.77 $54,229.13
79 $54,229.13 $555.10 $0.00 $306.62 $55,090.85
80 $55,090.85 $555.10 $0.00 $311.49 $55,957.44
81 $55,957.44 $555.10 $0.00 $316.39 $56,828.93
82 $56,828.93 $555.10 $0.00 $321.32 $57,705.35
83 $57,705.35 $555.10 $0.00 $326.27 $58,586.72
84 $58,586.72 $555.10 $0.00 $331.26 $59,473.08
85 $59,473.08 $555.10 $0.00 $336.27 $60,364.45
86 $60,364.45 $555.10 $0.00 $341.31 $61,260.86
87 $61,260.86 $555.10 $0.00 $346.38 $62,162.34
88 $62,162.34 $555.10 $0.00 $351.47 $63,068.91
89 $63,068.91 $555.10 $0.00 $356.60 $63,980.61
90 $63,980.61 $555.10 $0.00 $361.76 $64,897.47
91 $64,897.47 $555.10 $0.00 $366.94 $65,819.51
92 $65,819.51 $555.10 $0.00 $372.15 $66,746.76
93 $66,746.76 $555.10 $0.00 $377.40 $67,679.26
94 $67,679.26 $555.10 $0.00 $382.67 $68,617.03
95 $68,617.03 $555.10 $0.00 $387.97 $69,560.10
96 $69,560.10 $555.10 $0.00 $393.30 $70,508.50
97 $70,508.50 $555.10 $0.00 $398.67 $71,462.27
98 $71,462.27 $555.10 $0.00 $404.06 $72,421.43
99 $72,421.43 $555.10 $0.00 $409.48 $73,386.01
100 $73,386.01 $555.10 $0.00 $414.94 $74,356.05
101 $74,356.05 $555.10 $0.00 $420.42 $75,331.57
102 $75,331.57 $555.10 $0.00 $425.94 $76,312.61
103 $76,312.61 $555.10 $0.00 $431.48 $77,299.19
104 $77,299.19 $555.10 $0.00 $437.06 $78,291.35
105 $78,291.35 $555.10 $0.00 $442.67 $79,289.12
106 $79,289.12 $555.10 $0.00 $448.31 $80,292.53
107 $80,292.53 $555.10 $0.00 $453.99 $81,301.62
108 $81,301.62 $555.10 $0.00 $459.69 $82,316.41
109 $82,316.41 $555.10 $0.00 $465.43 $83,336.94
110 $83,336.94 $555.10 $0.00 $471.20 $84,363.24
111 $84,363.24 $555.10 $0.00 $477.00 $85,395.34
112 $85,395.34 $555.10 $0.00 $482.84 $86,433.28
113 $86,433.28 $555.10 $0.00 $488.71 $87,477.09
114 $87,477.09 $555.10 $0.00 $494.61 $88,526.80
115 $88,526.80 $555.10 $0.00 $500.54 $89,582.44
116 $89,582.44 $555.10 $0.00 $506.51 $90,644.05
117 $90,644.05 $555.10 $0.00 $512.51 $91,711.66
118 $91,711.66 $555.10 $0.00 $518.55 $92,785.31
119 $92,785.31 $555.10 $0.00 $524.62 $93,865.03
120 $93,865.03 $555.10 $0.00 $530.73 $94,950.86
121 $94,950.86 $555.10 $0.00 $536.87 $96,042.83
122 $96,042.83 $555.10 $0.00 $543.04 $97,140.97
123 $97,140.97 $555.10 $0.00 $549.25 $98,245.32
124 $98,245.32 $555.10 $0.00 $555.49 $99,355.91
125 $99,355.91 $555.10 $0.00 $561.77 $100,472.78
126 $100,472.78 $555.10 $0.00 $568.09 $101,595.97
127 $101,595.97 $555.10 $0.00 $574.44 $102,725.51
128 $102,725.51 $555.10 $0.00 $580.82 $103,861.43
129 $103,861.43 $555.10 $0.00 $587.25 $105,003.78
130 $105,003.78 $555.10 $0.00 $593.71 $106,152.59
131 $106,152.59 $555.10 $0.00 $600.20 $107,307.89
132 $107,307.89 $555.10 $0.00 $606.73 $108,469.72
133 $108,469.72 $555.10 $0.00 $613.30 $109,638.12
134 $109,638.12 $555.10 $0.00 $619.91 $110,813.13
135 $110,813.13 $555.10 $0.00 $626.55 $111,994.78
136 $111,994.78 $555.10 $0.00 $633.23 $113,183.11
137 $113,183.11 $555.10 $0.00 $639.95 $114,378.16
138 $114,378.16 $555.10 $0.00 $646.71 $115,579.97
139 $115,579.97 $555.10 $0.00 $653.51 $116,788.58
140 $116,788.58 $555.10 $0.00 $660.34 $118,004.02
141 $118,004.02 $555.10 $0.00 $667.21 $119,226.33
142 $119,226.33 $555.10 $0.00 $674.12 $120,455.55
143 $120,455.55 $555.10 $0.00 $681.07 $121,691.72
144 $121,691.72 $555.10 $0.00 $688.06 $122,934.88
145 $122,934.88 $555.10 $0.00 $695.09 $124,185.07
146 $124,185.07 $555.10 $0.00 $702.16 $125,442.33
147 $125,442.33 $555.10 $0.00 $709.27 $126,706.70
148 $126,706.70 $555.10 $0.00 $716.42 $127,978.22
149 $127,978.22 $555.10 $0.00 $723.61 $129,256.93
150 $129,256.93 $555.10 $0.00 $730.84 $130,542.87
151 $130,542.87 $555.10 $0.00 $738.11 $131,836.08
152 $131,836.08 $555.10 $0.00 $745.42 $133,136.60
153 $133,136.60 $555.10 $0.00 $752.77 $134,444.47
154 $134,444.47 $555.10 $0.00 $760.17 $135,759.74
155 $135,759.74 $555.10 $0.00 $767.61 $137,082.45
156 $137,082.45 $555.10 $0.00 $775.08 $138,412.63
157 $138,412.63 $555.10 $0.00 $782.61 $139,750.34
158 $139,750.34 $555.10 $0.00 $790.17 $141,095.61
159 $141,095.61 $555.10 $0.00 $797.78 $142,448.49
160 $142,448.49 $555.10 $0.00 $805.42 $143,809.01
161 $143,809.01 $555.10 $0.00 $813.12 $145,177.23
162 $145,177.23 $555.10 $0.00 $820.85 $146,553.18
163 $146,553.18 $555.10 $0.00 $828.63 $147,936.91
164 $147,936.91 $555.10 $0.00 $836.46 $149,328.47
165 $149,328.47 $555.10 $0.00 $844.32 $150,727.89
166 $150,727.89 $555.10 $0.00 $852.24 $152,135.23
167 $152,135.23 $555.10 $0.00 $860.19 $153,550.52
168 $153,550.52 $555.10 $0.00 $868.20 $154,973.82
169 $154,973.82 $555.10 $0.00 $876.24 $156,405.16
170 $156,405.16 $555.10 $0.00 $884.34 $157,844.60
171 $157,844.60 $555.10 $0.00 $892.48 $159,292.18
172 $159,292.18 $555.10 $0.00 $900.66 $160,747.94
173 $160,747.94 $555.10 $0.00 $908.89 $162,211.93
174 $162,211.93 $555.10 $0.00 $917.17 $163,684.20
175 $163,684.20 $555.10 $0.00 $925.49 $165,164.79
176 $165,164.79 $555.10 $0.00 $933.87 $166,653.76
177 $166,653.76 $555.10 $0.00 $942.28 $168,151.14
178 $168,151.14 $555.10 $0.00 $950.75 $169,656.99
179 $169,656.99 $555.10 $0.00 $959.27 $171,171.36
180 $171,171.36 $555.10 $0.00 $967.83 $172,694.29
181 $172,694.29 $555.10 $0.00 $976.44 $174,225.83
182 $174,225.83 $555.10 $0.00 $985.10 $175,766.03
183 $175,766.03 $555.10 $0.00 $993.81 $177,314.94
184 $177,314.94 $555.10 $0.00 $1,002.56 $178,872.60
185 $178,872.60 $555.10 $0.00 $1,011.37 $180,439.07
186 $180,439.07 $555.10 $0.00 $1,020.23 $182,014.40
187 $182,014.40 $555.10 $0.00 $1,029.14 $183,598.64
188 $183,598.64 $555.10 $0.00 $1,038.09 $185,191.83
189 $185,191.83 $555.10 $0.00 $1,047.10 $186,794.03
190 $186,794.03 $555.10 $0.00 $1,056.16 $188,405.29
191 $188,405.29 $555.10 $0.00 $1,065.27 $190,025.66
192 $190,025.66 $555.10 $0.00 $1,074.43 $191,655.19
193 $191,655.19 $555.10 $0.00 $1,083.65 $193,293.94
194 $193,293.94 $555.10 $0.00 $1,092.91 $194,941.95
195 $194,941.95 $555.10 $0.00 $1,102.23 $196,599.28
196 $196,599.28 $555.10 $0.00 $1,111.60 $198,265.98
197 $198,265.98 $555.10 $0.00 $1,121.02 $199,942.10
198 $199,942.10 $555.10 $0.00 $1,130.50 $201,627.70
199 $201,627.70 $555.10 $0.00 $1,140.03 $203,322.83
200 $203,322.83 $555.10 $0.00 $1,149.62 $205,027.55
201 $205,027.55 $555.10 $0.00 $1,159.26 $206,741.91
202 $206,741.91 $555.10 $0.00 $1,168.95 $208,465.96
203 $208,465.96 $555.10 $0.00 $1,178.70 $210,199.76
204 $210,199.76 $555.10 $0.00 $1,188.50 $211,943.36
205 $211,943.36 $555.10 $0.00 $1,198.36 $213,696.82
206 $213,696.82 $555.10 $0.00 $1,208.27 $215,460.19
207 $215,460.19 $555.10 $0.00 $1,218.24 $217,233.53
208 $217,233.53 $555.10 $0.00 $1,228.27 $219,016.90
209 $219,016.90 $555.10 $0.00 $1,238.35 $220,810.35
210 $220,810.35 $555.10 $0.00 $1,248.49 $222,613.94
211 $222,613.94 $555.10 $0.00 $1,258.69 $224,427.73
212 $224,427.73 $555.10 $0.00 $1,268.95 $226,251.78
213 $226,251.78 $555.10 $0.00 $1,279.26 $228,086.14
214 $228,086.14 $555.10 $0.00 $1,289.63 $229,930.87
215 $229,930.87 $555.10 $0.00 $1,300.06 $231,786.03
216 $231,786.03 $555.10 $0.00 $1,310.55 $233,651.68
217 $233,651.68 $555.10 $65,079.80 $1,321.10 $170,448.08
218 $170,448.08 $555.10 $0.00 $963.74 $171,966.92
219 $171,966.92 $555.10 $0.00 $972.33 $173,494.35
220 $173,494.35 $555.10 $0.00 $980.96 $175,030.41
221 $175,030.41 $555.10 $0.00 $989.65 $176,575.16
222 $176,575.16 $555.10 $0.00 $998.38 $178,128.64
223 $178,128.64 $555.10 $0.00 $1,007.17 $179,690.91
224 $179,690.91 $555.10 $0.00 $1,016.00 $181,262.01
225 $181,262.01 $555.10 $0.00 $1,024.88 $182,841.99
226 $182,841.99 $555.10 $0.00 $1,033.82 $184,430.91
227 $184,430.91 $555.10 $0.00 $1,042.80 $186,028.81
228 $186,028.81 $555.10 $0.00 $1,051.83 $187,635.74
229 $187,635.74 $555.10 $68,333.79 $1,060.92 $120,917.97
230 $120,917.97 $555.10 $0.00 $683.69 $122,156.76
231 $122,156.76 $555.10 $0.00 $690.69 $123,402.55
232 $123,402.55 $555.10 $0.00 $697.74 $124,655.39
233 $124,655.39 $555.10 $0.00 $704.82 $125,915.31
234 $125,915.31 $555.10 $0.00 $711.94 $127,182.35
235 $127,182.35 $555.10 $0.00 $719.11 $128,456.56
236 $128,456.56 $555.10 $0.00 $726.31 $129,737.97
237 $129,737.97 $555.10 $0.00 $733.56 $131,026.63
238 $131,026.63 $555.10 $0.00 $740.84 $132,322.57
239 $132,322.57 $555.10 $0.00 $748.17 $133,625.84
240 $133,625.84 $555.10 $0.00 $755.54 $134,936.48
241 $134,936.48 $555.10 $71,750.48 $762.95 $64,504.05
242 $64,504.05 $555.10 $0.00 $364.72 $65,423.87
243 $65,423.87 $555.10 $0.00 $369.92 $66,348.89
244 $66,348.89 $555.10 $0.00 $375.15 $67,279.14
245 $67,279.14 $555.10 $0.00 $380.41 $68,214.65
246 $68,214.65 $555.10 $0.00 $385.70 $69,155.45
247 $69,155.45 $555.10 $0.00 $391.01 $70,101.56
248 $70,101.56 $555.10 $0.00 $396.36 $71,053.02
249 $71,053.02 $555.10 $0.00 $401.74 $72,009.86
250 $72,009.86 $555.10 $0.00 $407.15 $72,972.11
251 $72,972.11 $555.10 $0.00 $412.59 $73,939.80
252 $73,939.80 $555.10 $0.00 $418.07 $74,912.97
253 $74,912.97 $0.00 $75,338.00 $423.57 ($1.46)