How much will it cost and what do you need to save?
Estimated Annual Cost in 2040 | $71,173 |
Monthly savings required | $563 |
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 $284,692.68 for students enrolling in 2040 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $563.40 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.
Current Annual Cost | $27,446.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 5% |
Current Savings | $0.00 |
After Tax Return on Savings | 7% |
Years of enrollment | 4 |
Discover how much will you need to start saving now to afford University of the West in the future.
Month | Begin | Deposit | Withdraw | Interest | End |
---|---|---|---|---|---|
1 | $0.00 | $563.40 | $0.00 | $0.00 | $563.40 |
2 | $563.40 | $563.40 | $0.00 | $3.19 | $1,129.99 |
3 | $1,129.99 | $563.40 | $0.00 | $6.39 | $1,699.78 |
4 | $1,699.78 | $563.40 | $0.00 | $9.61 | $2,272.79 |
5 | $2,272.79 | $563.40 | $0.00 | $12.85 | $2,849.04 |
6 | $2,849.04 | $563.40 | $0.00 | $16.11 | $3,428.55 |
7 | $3,428.55 | $563.40 | $0.00 | $19.39 | $4,011.34 |
8 | $4,011.34 | $563.40 | $0.00 | $22.68 | $4,597.42 |
9 | $4,597.42 | $563.40 | $0.00 | $25.99 | $5,186.81 |
10 | $5,186.81 | $563.40 | $0.00 | $29.33 | $5,779.54 |
11 | $5,779.54 | $563.40 | $0.00 | $32.68 | $6,375.62 |
12 | $6,375.62 | $563.40 | $0.00 | $36.05 | $6,975.07 |
13 | $6,975.07 | $563.40 | $0.00 | $39.44 | $7,577.91 |
14 | $7,577.91 | $563.40 | $0.00 | $42.85 | $8,184.16 |
15 | $8,184.16 | $563.40 | $0.00 | $46.27 | $8,793.83 |
16 | $8,793.83 | $563.40 | $0.00 | $49.72 | $9,406.95 |
17 | $9,406.95 | $563.40 | $0.00 | $53.19 | $10,023.54 |
18 | $10,023.54 | $563.40 | $0.00 | $56.67 | $10,643.61 |
19 | $10,643.61 | $563.40 | $0.00 | $60.18 | $11,267.19 |
20 | $11,267.19 | $563.40 | $0.00 | $63.71 | $11,894.30 |
21 | $11,894.30 | $563.40 | $0.00 | $67.25 | $12,524.95 |
22 | $12,524.95 | $563.40 | $0.00 | $70.82 | $13,159.17 |
23 | $13,159.17 | $563.40 | $0.00 | $74.40 | $13,796.97 |
24 | $13,796.97 | $563.40 | $0.00 | $78.01 | $14,438.38 |
25 | $14,438.38 | $563.40 | $0.00 | $81.64 | $15,083.42 |
26 | $15,083.42 | $563.40 | $0.00 | $85.28 | $15,732.10 |
27 | $15,732.10 | $563.40 | $0.00 | $88.95 | $16,384.45 |
28 | $16,384.45 | $563.40 | $0.00 | $92.64 | $17,040.49 |
29 | $17,040.49 | $563.40 | $0.00 | $96.35 | $17,700.24 |
30 | $17,700.24 | $563.40 | $0.00 | $100.08 | $18,363.72 |
31 | $18,363.72 | $563.40 | $0.00 | $103.83 | $19,030.95 |
32 | $19,030.95 | $563.40 | $0.00 | $107.60 | $19,701.95 |
33 | $19,701.95 | $563.40 | $0.00 | $111.40 | $20,376.75 |
34 | $20,376.75 | $563.40 | $0.00 | $115.21 | $21,055.36 |
35 | $21,055.36 | $563.40 | $0.00 | $119.05 | $21,737.81 |
36 | $21,737.81 | $563.40 | $0.00 | $122.91 | $22,424.12 |
37 | $22,424.12 | $563.40 | $0.00 | $126.79 | $23,114.31 |
38 | $23,114.31 | $563.40 | $0.00 | $130.69 | $23,808.40 |
39 | $23,808.40 | $563.40 | $0.00 | $134.62 | $24,506.42 |
40 | $24,506.42 | $563.40 | $0.00 | $138.56 | $25,208.38 |
41 | $25,208.38 | $563.40 | $0.00 | $142.53 | $25,914.31 |
42 | $25,914.31 | $563.40 | $0.00 | $146.52 | $26,624.23 |
43 | $26,624.23 | $563.40 | $0.00 | $150.54 | $27,338.17 |
44 | $27,338.17 | $563.40 | $0.00 | $154.57 | $28,056.14 |
45 | $28,056.14 | $563.40 | $0.00 | $158.63 | $28,778.17 |
46 | $28,778.17 | $563.40 | $0.00 | $162.72 | $29,504.29 |
47 | $29,504.29 | $563.40 | $0.00 | $166.82 | $30,234.51 |
48 | $30,234.51 | $563.40 | $0.00 | $170.95 | $30,968.86 |
49 | $30,968.86 | $563.40 | $0.00 | $175.10 | $31,707.36 |
50 | $31,707.36 | $563.40 | $0.00 | $179.28 | $32,450.04 |
51 | $32,450.04 | $563.40 | $0.00 | $183.48 | $33,196.92 |
52 | $33,196.92 | $563.40 | $0.00 | $187.70 | $33,948.02 |
53 | $33,948.02 | $563.40 | $0.00 | $191.95 | $34,703.37 |
54 | $34,703.37 | $563.40 | $0.00 | $196.22 | $35,462.99 |
55 | $35,462.99 | $563.40 | $0.00 | $200.51 | $36,226.90 |
56 | $36,226.90 | $563.40 | $0.00 | $204.83 | $36,995.13 |
57 | $36,995.13 | $563.40 | $0.00 | $209.18 | $37,767.71 |
58 | $37,767.71 | $563.40 | $0.00 | $213.54 | $38,544.65 |
59 | $38,544.65 | $563.40 | $0.00 | $217.94 | $39,325.99 |
60 | $39,325.99 | $563.40 | $0.00 | $222.35 | $40,111.74 |
61 | $40,111.74 | $563.40 | $0.00 | $226.80 | $40,901.94 |
62 | $40,901.94 | $563.40 | $0.00 | $231.27 | $41,696.61 |
63 | $41,696.61 | $563.40 | $0.00 | $235.76 | $42,495.77 |
64 | $42,495.77 | $563.40 | $0.00 | $240.28 | $43,299.45 |
65 | $43,299.45 | $563.40 | $0.00 | $244.82 | $44,107.67 |
66 | $44,107.67 | $563.40 | $0.00 | $249.39 | $44,920.46 |
67 | $44,920.46 | $563.40 | $0.00 | $253.99 | $45,737.85 |
68 | $45,737.85 | $563.40 | $0.00 | $258.61 | $46,559.86 |
69 | $46,559.86 | $563.40 | $0.00 | $263.26 | $47,386.52 |
70 | $47,386.52 | $563.40 | $0.00 | $267.93 | $48,217.85 |
71 | $48,217.85 | $563.40 | $0.00 | $272.63 | $49,053.88 |
72 | $49,053.88 | $563.40 | $0.00 | $277.36 | $49,894.64 |
73 | $49,894.64 | $563.40 | $0.00 | $282.11 | $50,740.15 |
74 | $50,740.15 | $563.40 | $0.00 | $286.89 | $51,590.44 |
75 | $51,590.44 | $563.40 | $0.00 | $291.70 | $52,445.54 |
76 | $52,445.54 | $563.40 | $0.00 | $296.53 | $53,305.47 |
77 | $53,305.47 | $563.40 | $0.00 | $301.40 | $54,170.27 |
78 | $54,170.27 | $563.40 | $0.00 | $306.29 | $55,039.96 |
79 | $55,039.96 | $563.40 | $0.00 | $311.20 | $55,914.56 |
80 | $55,914.56 | $563.40 | $0.00 | $316.15 | $56,794.11 |
81 | $56,794.11 | $563.40 | $0.00 | $321.12 | $57,678.63 |
82 | $57,678.63 | $563.40 | $0.00 | $326.12 | $58,568.15 |
83 | $58,568.15 | $563.40 | $0.00 | $331.15 | $59,462.70 |
84 | $59,462.70 | $563.40 | $0.00 | $336.21 | $60,362.31 |
85 | $60,362.31 | $563.40 | $0.00 | $341.30 | $61,267.01 |
86 | $61,267.01 | $563.40 | $0.00 | $346.41 | $62,176.82 |
87 | $62,176.82 | $563.40 | $0.00 | $351.56 | $63,091.78 |
88 | $63,091.78 | $563.40 | $0.00 | $356.73 | $64,011.91 |
89 | $64,011.91 | $563.40 | $0.00 | $361.93 | $64,937.24 |
90 | $64,937.24 | $563.40 | $0.00 | $367.16 | $65,867.80 |
91 | $65,867.80 | $563.40 | $0.00 | $372.43 | $66,803.63 |
92 | $66,803.63 | $563.40 | $0.00 | $377.72 | $67,744.75 |
93 | $67,744.75 | $563.40 | $0.00 | $383.04 | $68,691.19 |
94 | $68,691.19 | $563.40 | $0.00 | $388.39 | $69,642.98 |
95 | $69,642.98 | $563.40 | $0.00 | $393.77 | $70,600.15 |
96 | $70,600.15 | $563.40 | $0.00 | $399.18 | $71,562.73 |
97 | $71,562.73 | $563.40 | $0.00 | $404.63 | $72,530.76 |
98 | $72,530.76 | $563.40 | $0.00 | $410.10 | $73,504.26 |
99 | $73,504.26 | $563.40 | $0.00 | $415.60 | $74,483.26 |
100 | $74,483.26 | $563.40 | $0.00 | $421.14 | $75,467.80 |
101 | $75,467.80 | $563.40 | $0.00 | $426.71 | $76,457.91 |
102 | $76,457.91 | $563.40 | $0.00 | $432.30 | $77,453.61 |
103 | $77,453.61 | $563.40 | $0.00 | $437.93 | $78,454.94 |
104 | $78,454.94 | $563.40 | $0.00 | $443.60 | $79,461.94 |
105 | $79,461.94 | $563.40 | $0.00 | $449.29 | $80,474.63 |
106 | $80,474.63 | $563.40 | $0.00 | $455.02 | $81,493.05 |
107 | $81,493.05 | $563.40 | $0.00 | $460.77 | $82,517.22 |
108 | $82,517.22 | $563.40 | $0.00 | $466.56 | $83,547.18 |
109 | $83,547.18 | $563.40 | $0.00 | $472.39 | $84,582.97 |
110 | $84,582.97 | $563.40 | $0.00 | $478.24 | $85,624.61 |
111 | $85,624.61 | $563.40 | $0.00 | $484.13 | $86,672.14 |
112 | $86,672.14 | $563.40 | $0.00 | $490.06 | $87,725.60 |
113 | $87,725.60 | $563.40 | $0.00 | $496.01 | $88,785.01 |
114 | $88,785.01 | $563.40 | $0.00 | $502.00 | $89,850.41 |
115 | $89,850.41 | $563.40 | $0.00 | $508.03 | $90,921.84 |
116 | $90,921.84 | $563.40 | $0.00 | $514.09 | $91,999.33 |
117 | $91,999.33 | $563.40 | $0.00 | $520.18 | $93,082.91 |
118 | $93,082.91 | $563.40 | $0.00 | $526.30 | $94,172.61 |
119 | $94,172.61 | $563.40 | $0.00 | $532.47 | $95,268.48 |
120 | $95,268.48 | $563.40 | $0.00 | $538.66 | $96,370.54 |
121 | $96,370.54 | $563.40 | $0.00 | $544.89 | $97,478.83 |
122 | $97,478.83 | $563.40 | $0.00 | $551.16 | $98,593.39 |
123 | $98,593.39 | $563.40 | $0.00 | $557.46 | $99,714.25 |
124 | $99,714.25 | $563.40 | $0.00 | $563.80 | $100,841.45 |
125 | $100,841.45 | $563.40 | $0.00 | $570.17 | $101,975.02 |
126 | $101,975.02 | $563.40 | $0.00 | $576.58 | $103,115.00 |
127 | $103,115.00 | $563.40 | $0.00 | $583.03 | $104,261.43 |
128 | $104,261.43 | $563.40 | $0.00 | $589.51 | $105,414.34 |
129 | $105,414.34 | $563.40 | $0.00 | $596.03 | $106,573.77 |
130 | $106,573.77 | $563.40 | $0.00 | $602.58 | $107,739.75 |
131 | $107,739.75 | $563.40 | $0.00 | $609.18 | $108,912.33 |
132 | $108,912.33 | $563.40 | $0.00 | $615.81 | $110,091.54 |
133 | $110,091.54 | $563.40 | $0.00 | $622.47 | $111,277.41 |
134 | $111,277.41 | $563.40 | $0.00 | $629.18 | $112,469.99 |
135 | $112,469.99 | $563.40 | $0.00 | $635.92 | $113,669.31 |
136 | $113,669.31 | $563.40 | $0.00 | $642.70 | $114,875.41 |
137 | $114,875.41 | $563.40 | $0.00 | $649.52 | $116,088.33 |
138 | $116,088.33 | $563.40 | $0.00 | $656.38 | $117,308.11 |
139 | $117,308.11 | $563.40 | $0.00 | $663.28 | $118,534.79 |
140 | $118,534.79 | $563.40 | $0.00 | $670.21 | $119,768.40 |
141 | $119,768.40 | $563.40 | $0.00 | $677.19 | $121,008.99 |
142 | $121,008.99 | $563.40 | $0.00 | $684.20 | $122,256.59 |
143 | $122,256.59 | $563.40 | $0.00 | $691.26 | $123,511.25 |
144 | $123,511.25 | $563.40 | $0.00 | $698.35 | $124,773.00 |
145 | $124,773.00 | $563.40 | $0.00 | $705.48 | $126,041.88 |
146 | $126,041.88 | $563.40 | $0.00 | $712.66 | $127,317.94 |
147 | $127,317.94 | $563.40 | $0.00 | $719.87 | $128,601.21 |
148 | $128,601.21 | $563.40 | $0.00 | $727.13 | $129,891.74 |
149 | $129,891.74 | $563.40 | $0.00 | $734.43 | $131,189.57 |
150 | $131,189.57 | $563.40 | $0.00 | $741.76 | $132,494.73 |
151 | $132,494.73 | $563.40 | $0.00 | $749.14 | $133,807.27 |
152 | $133,807.27 | $563.40 | $0.00 | $756.57 | $135,127.24 |
153 | $135,127.24 | $563.40 | $0.00 | $764.03 | $136,454.67 |
154 | $136,454.67 | $563.40 | $0.00 | $771.53 | $137,789.60 |
155 | $137,789.60 | $563.40 | $0.00 | $779.08 | $139,132.08 |
156 | $139,132.08 | $563.40 | $0.00 | $786.67 | $140,482.15 |
157 | $140,482.15 | $563.40 | $0.00 | $794.31 | $141,839.86 |
158 | $141,839.86 | $563.40 | $0.00 | $801.98 | $143,205.24 |
159 | $143,205.24 | $563.40 | $0.00 | $809.70 | $144,578.34 |
160 | $144,578.34 | $563.40 | $0.00 | $817.47 | $145,959.21 |
161 | $145,959.21 | $563.40 | $0.00 | $825.27 | $147,347.88 |
162 | $147,347.88 | $563.40 | $0.00 | $833.13 | $148,744.41 |
163 | $148,744.41 | $563.40 | $0.00 | $841.02 | $150,148.83 |
164 | $150,148.83 | $563.40 | $0.00 | $848.96 | $151,561.19 |
165 | $151,561.19 | $563.40 | $0.00 | $856.95 | $152,981.54 |
166 | $152,981.54 | $563.40 | $0.00 | $864.98 | $154,409.92 |
167 | $154,409.92 | $563.40 | $0.00 | $873.06 | $155,846.38 |
168 | $155,846.38 | $563.40 | $0.00 | $881.18 | $157,290.96 |
169 | $157,290.96 | $563.40 | $0.00 | $889.35 | $158,743.71 |
170 | $158,743.71 | $563.40 | $0.00 | $897.56 | $160,204.67 |
171 | $160,204.67 | $563.40 | $0.00 | $905.82 | $161,673.89 |
172 | $161,673.89 | $563.40 | $0.00 | $914.13 | $163,151.42 |
173 | $163,151.42 | $563.40 | $0.00 | $922.48 | $164,637.30 |
174 | $164,637.30 | $563.40 | $0.00 | $930.88 | $166,131.58 |
175 | $166,131.58 | $563.40 | $0.00 | $939.33 | $167,634.31 |
176 | $167,634.31 | $563.40 | $0.00 | $947.83 | $169,145.54 |
177 | $169,145.54 | $563.40 | $0.00 | $956.37 | $170,665.31 |
178 | $170,665.31 | $563.40 | $0.00 | $964.97 | $172,193.68 |
179 | $172,193.68 | $563.40 | $0.00 | $973.61 | $173,730.69 |
180 | $173,730.69 | $563.40 | $0.00 | $982.30 | $175,276.39 |
181 | $175,276.39 | $563.40 | $0.00 | $991.04 | $176,830.83 |
182 | $176,830.83 | $563.40 | $0.00 | $999.83 | $178,394.06 |
183 | $178,394.06 | $563.40 | $0.00 | $1,008.67 | $179,966.13 |
184 | $179,966.13 | $563.40 | $0.00 | $1,017.55 | $181,547.08 |
185 | $181,547.08 | $563.40 | $0.00 | $1,026.49 | $183,136.97 |
186 | $183,136.97 | $563.40 | $0.00 | $1,035.48 | $184,735.85 |
187 | $184,735.85 | $563.40 | $0.00 | $1,044.52 | $186,343.77 |
188 | $186,343.77 | $563.40 | $0.00 | $1,053.61 | $187,960.78 |
189 | $187,960.78 | $563.40 | $0.00 | $1,062.76 | $189,586.94 |
190 | $189,586.94 | $563.40 | $0.00 | $1,071.95 | $191,222.29 |
191 | $191,222.29 | $563.40 | $0.00 | $1,081.20 | $192,866.89 |
192 | $192,866.89 | $563.40 | $0.00 | $1,090.50 | $194,520.79 |
193 | $194,520.79 | $563.40 | $0.00 | $1,099.85 | $196,184.04 |
194 | $196,184.04 | $563.40 | $0.00 | $1,109.25 | $197,856.69 |
195 | $197,856.69 | $563.40 | $0.00 | $1,118.71 | $199,538.80 |
196 | $199,538.80 | $563.40 | $0.00 | $1,128.22 | $201,230.42 |
197 | $201,230.42 | $563.40 | $0.00 | $1,137.79 | $202,931.61 |
198 | $202,931.61 | $563.40 | $0.00 | $1,147.40 | $204,642.41 |
199 | $204,642.41 | $563.40 | $0.00 | $1,157.08 | $206,362.89 |
200 | $206,362.89 | $563.40 | $0.00 | $1,166.81 | $208,093.10 |
201 | $208,093.10 | $563.40 | $0.00 | $1,176.59 | $209,833.09 |
202 | $209,833.09 | $563.40 | $0.00 | $1,186.43 | $211,582.92 |
203 | $211,582.92 | $563.40 | $0.00 | $1,196.32 | $213,342.64 |
204 | $213,342.64 | $563.40 | $0.00 | $1,206.27 | $215,112.31 |
205 | $215,112.31 | $563.40 | $0.00 | $1,216.28 | $216,891.99 |
206 | $216,891.99 | $563.40 | $0.00 | $1,226.34 | $218,681.73 |
207 | $218,681.73 | $563.40 | $0.00 | $1,236.46 | $220,481.59 |
208 | $220,481.59 | $563.40 | $0.00 | $1,246.63 | $222,291.62 |
209 | $222,291.62 | $563.40 | $0.00 | $1,256.87 | $224,111.89 |
210 | $224,111.89 | $563.40 | $0.00 | $1,267.16 | $225,942.45 |
211 | $225,942.45 | $563.40 | $0.00 | $1,277.51 | $227,783.36 |
212 | $227,783.36 | $563.40 | $0.00 | $1,287.92 | $229,634.68 |
213 | $229,634.68 | $563.40 | $0.00 | $1,298.39 | $231,496.47 |
214 | $231,496.47 | $563.40 | $0.00 | $1,308.91 | $233,368.78 |
215 | $233,368.78 | $563.40 | $0.00 | $1,319.50 | $235,251.68 |
216 | $235,251.68 | $563.40 | $0.00 | $1,330.15 | $237,145.23 |
217 | $237,145.23 | $563.40 | $66,052.07 | $1,340.85 | $172,997.41 |
218 | $172,997.41 | $563.40 | $0.00 | $978.15 | $174,538.96 |
219 | $174,538.96 | $563.40 | $0.00 | $986.87 | $176,089.23 |
220 | $176,089.23 | $563.40 | $0.00 | $995.63 | $177,648.26 |
221 | $177,648.26 | $563.40 | $0.00 | $1,004.45 | $179,216.11 |
222 | $179,216.11 | $563.40 | $0.00 | $1,013.31 | $180,792.82 |
223 | $180,792.82 | $563.40 | $0.00 | $1,022.23 | $182,378.45 |
224 | $182,378.45 | $563.40 | $0.00 | $1,031.19 | $183,973.04 |
225 | $183,973.04 | $563.40 | $0.00 | $1,040.21 | $185,576.65 |
226 | $185,576.65 | $563.40 | $0.00 | $1,049.28 | $187,189.33 |
227 | $187,189.33 | $563.40 | $0.00 | $1,058.40 | $188,811.13 |
228 | $188,811.13 | $563.40 | $0.00 | $1,067.57 | $190,442.10 |
229 | $190,442.10 | $563.40 | $69,354.68 | $1,076.79 | $122,727.61 |
230 | $122,727.61 | $563.40 | $0.00 | $693.92 | $123,984.93 |
231 | $123,984.93 | $563.40 | $0.00 | $701.03 | $125,249.36 |
232 | $125,249.36 | $563.40 | $0.00 | $708.18 | $126,520.94 |
233 | $126,520.94 | $563.40 | $0.00 | $715.37 | $127,799.71 |
234 | $127,799.71 | $563.40 | $0.00 | $722.60 | $129,085.71 |
235 | $129,085.71 | $563.40 | $0.00 | $729.87 | $130,378.98 |
236 | $130,378.98 | $563.40 | $0.00 | $737.18 | $131,679.56 |
237 | $131,679.56 | $563.40 | $0.00 | $744.54 | $132,987.50 |
238 | $132,987.50 | $563.40 | $0.00 | $751.93 | $134,302.83 |
239 | $134,302.83 | $563.40 | $0.00 | $759.37 | $135,625.60 |
240 | $135,625.60 | $563.40 | $0.00 | $766.85 | $136,955.85 |
241 | $136,955.85 | $563.40 | $72,822.41 | $774.37 | $65,471.21 |
242 | $65,471.21 | $563.40 | $0.00 | $370.18 | $66,404.79 |
243 | $66,404.79 | $563.40 | $0.00 | $375.46 | $67,343.65 |
244 | $67,343.65 | $563.40 | $0.00 | $380.77 | $68,287.82 |
245 | $68,287.82 | $563.40 | $0.00 | $386.11 | $69,237.33 |
246 | $69,237.33 | $563.40 | $0.00 | $391.48 | $70,192.21 |
247 | $70,192.21 | $563.40 | $0.00 | $396.88 | $71,152.49 |
248 | $71,152.49 | $563.40 | $0.00 | $402.31 | $72,118.20 |
249 | $72,118.20 | $563.40 | $0.00 | $407.77 | $73,089.37 |
250 | $73,089.37 | $563.40 | $0.00 | $413.26 | $74,066.03 |
251 | $74,066.03 | $563.40 | $0.00 | $418.78 | $75,048.21 |
252 | $75,048.21 | $563.40 | $0.00 | $424.33 | $76,035.94 |
253 | $76,035.94 | $0.00 | $76,463.53 | $429.92 | $2.33 |