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 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.

Assumptions

Current Annual Cost$27,446.00
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 $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