Savings Plan and Future Cost Estimation for Colorado Mesa University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$63,502
Monthly savings required$503

How much will it cost to send your child to Colorado Mesa University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $254,009.85 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $502.67 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$24,488.00
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 $502.67 $0.00 $0.00 $502.67
2 $502.67 $502.67 $0.00 $2.84 $1,008.18
3 $1,008.18 $502.67 $0.00 $5.70 $1,516.55
4 $1,516.55 $502.67 $0.00 $8.57 $2,027.79
5 $2,027.79 $502.67 $0.00 $11.47 $2,541.93
6 $2,541.93 $502.67 $0.00 $14.37 $3,058.97
7 $3,058.97 $502.67 $0.00 $17.30 $3,578.94
8 $3,578.94 $502.67 $0.00 $20.24 $4,101.85
9 $4,101.85 $502.67 $0.00 $23.19 $4,627.71
10 $4,627.71 $502.67 $0.00 $26.17 $5,156.55
11 $5,156.55 $502.67 $0.00 $29.16 $5,688.38
12 $5,688.38 $502.67 $0.00 $32.16 $6,223.21
13 $6,223.21 $502.67 $0.00 $35.19 $6,761.07
14 $6,761.07 $502.67 $0.00 $38.23 $7,301.97
15 $7,301.97 $502.67 $0.00 $41.29 $7,845.93
16 $7,845.93 $502.67 $0.00 $44.36 $8,392.96
17 $8,392.96 $502.67 $0.00 $47.46 $8,943.09
18 $8,943.09 $502.67 $0.00 $50.57 $9,496.33
19 $9,496.33 $502.67 $0.00 $53.69 $10,052.69
20 $10,052.69 $502.67 $0.00 $56.84 $10,612.20
21 $10,612.20 $502.67 $0.00 $60.00 $11,174.87
22 $11,174.87 $502.67 $0.00 $63.18 $11,740.72
23 $11,740.72 $502.67 $0.00 $66.38 $12,309.77
24 $12,309.77 $502.67 $0.00 $69.60 $12,882.04
25 $12,882.04 $502.67 $0.00 $72.84 $13,457.55
26 $13,457.55 $502.67 $0.00 $76.09 $14,036.31
27 $14,036.31 $502.67 $0.00 $79.36 $14,618.34
28 $14,618.34 $502.67 $0.00 $82.65 $15,203.66
29 $15,203.66 $502.67 $0.00 $85.96 $15,792.29
30 $15,792.29 $502.67 $0.00 $89.29 $16,384.25
31 $16,384.25 $502.67 $0.00 $92.64 $16,979.56
32 $16,979.56 $502.67 $0.00 $96.00 $17,578.23
33 $17,578.23 $502.67 $0.00 $99.39 $18,180.29
34 $18,180.29 $502.67 $0.00 $102.79 $18,785.75
35 $18,785.75 $502.67 $0.00 $106.22 $19,394.64
36 $19,394.64 $502.67 $0.00 $109.66 $20,006.97
37 $20,006.97 $502.67 $0.00 $113.12 $20,622.76
38 $20,622.76 $502.67 $0.00 $116.60 $21,242.03
39 $21,242.03 $502.67 $0.00 $120.11 $21,864.81
40 $21,864.81 $502.67 $0.00 $123.63 $22,491.11
41 $22,491.11 $502.67 $0.00 $127.17 $23,120.95
42 $23,120.95 $502.67 $0.00 $130.73 $23,754.35
43 $23,754.35 $502.67 $0.00 $134.31 $24,391.33
44 $24,391.33 $502.67 $0.00 $137.91 $25,031.91
45 $25,031.91 $502.67 $0.00 $141.53 $25,676.11
46 $25,676.11 $502.67 $0.00 $145.18 $26,323.96
47 $26,323.96 $502.67 $0.00 $148.84 $26,975.47
48 $26,975.47 $502.67 $0.00 $152.52 $27,630.66
49 $27,630.66 $502.67 $0.00 $156.23 $28,289.56
50 $28,289.56 $502.67 $0.00 $159.95 $28,952.18
51 $28,952.18 $502.67 $0.00 $163.70 $29,618.55
52 $29,618.55 $502.67 $0.00 $167.47 $30,288.69
53 $30,288.69 $502.67 $0.00 $171.26 $30,962.62
54 $30,962.62 $502.67 $0.00 $175.07 $31,640.36
55 $31,640.36 $502.67 $0.00 $178.90 $32,321.93
56 $32,321.93 $502.67 $0.00 $182.75 $33,007.35
57 $33,007.35 $502.67 $0.00 $186.63 $33,696.65
58 $33,696.65 $502.67 $0.00 $190.53 $34,389.85
59 $34,389.85 $502.67 $0.00 $194.45 $35,086.97
60 $35,086.97 $502.67 $0.00 $198.39 $35,788.03
61 $35,788.03 $502.67 $0.00 $202.35 $36,493.05
62 $36,493.05 $502.67 $0.00 $206.34 $37,202.06
63 $37,202.06 $502.67 $0.00 $210.35 $37,915.08
64 $37,915.08 $502.67 $0.00 $214.38 $38,632.13
65 $38,632.13 $502.67 $0.00 $218.43 $39,353.23
66 $39,353.23 $502.67 $0.00 $222.51 $40,078.41
67 $40,078.41 $502.67 $0.00 $226.61 $40,807.69
68 $40,807.69 $502.67 $0.00 $230.73 $41,541.09
69 $41,541.09 $502.67 $0.00 $234.88 $42,278.64
70 $42,278.64 $502.67 $0.00 $239.05 $43,020.36
71 $43,020.36 $502.67 $0.00 $243.24 $43,766.27
72 $43,766.27 $502.67 $0.00 $247.46 $44,516.40
73 $44,516.40 $502.67 $0.00 $251.70 $45,270.77
74 $45,270.77 $502.67 $0.00 $255.97 $46,029.41
75 $46,029.41 $502.67 $0.00 $260.26 $46,792.34
76 $46,792.34 $502.67 $0.00 $264.57 $47,559.58
77 $47,559.58 $502.67 $0.00 $268.91 $48,331.16
78 $48,331.16 $502.67 $0.00 $273.27 $49,107.10
79 $49,107.10 $502.67 $0.00 $277.66 $49,887.43
80 $49,887.43 $502.67 $0.00 $282.07 $50,672.17
81 $50,672.17 $502.67 $0.00 $286.51 $51,461.35
82 $51,461.35 $502.67 $0.00 $290.97 $52,254.99
83 $52,254.99 $502.67 $0.00 $295.46 $53,053.12
84 $53,053.12 $502.67 $0.00 $299.97 $53,855.76
85 $53,855.76 $502.67 $0.00 $304.51 $54,662.94
86 $54,662.94 $502.67 $0.00 $309.07 $55,474.68
87 $55,474.68 $502.67 $0.00 $313.66 $56,291.01
88 $56,291.01 $502.67 $0.00 $318.28 $57,111.96
89 $57,111.96 $502.67 $0.00 $322.92 $57,937.55
90 $57,937.55 $502.67 $0.00 $327.59 $58,767.81
91 $58,767.81 $502.67 $0.00 $332.28 $59,602.76
92 $59,602.76 $502.67 $0.00 $337.00 $60,442.43
93 $60,442.43 $502.67 $0.00 $341.75 $61,286.85
94 $61,286.85 $502.67 $0.00 $346.52 $62,136.04
95 $62,136.04 $502.67 $0.00 $351.33 $62,990.04
96 $62,990.04 $502.67 $0.00 $356.15 $63,848.86
97 $63,848.86 $502.67 $0.00 $361.01 $64,712.54
98 $64,712.54 $502.67 $0.00 $365.89 $65,581.10
99 $65,581.10 $502.67 $0.00 $370.81 $66,454.58
100 $66,454.58 $502.67 $0.00 $375.74 $67,332.99
101 $67,332.99 $502.67 $0.00 $380.71 $68,216.37
102 $68,216.37 $502.67 $0.00 $385.71 $69,104.75
103 $69,104.75 $502.67 $0.00 $390.73 $69,998.15
104 $69,998.15 $502.67 $0.00 $395.78 $70,896.60
105 $70,896.60 $502.67 $0.00 $400.86 $71,800.13
106 $71,800.13 $502.67 $0.00 $405.97 $72,708.77
107 $72,708.77 $502.67 $0.00 $411.11 $73,622.55
108 $73,622.55 $502.67 $0.00 $416.27 $74,541.49
109 $74,541.49 $502.67 $0.00 $421.47 $75,465.63
110 $75,465.63 $502.67 $0.00 $426.69 $76,394.99
111 $76,394.99 $502.67 $0.00 $431.95 $77,329.61
112 $77,329.61 $502.67 $0.00 $437.23 $78,269.51
113 $78,269.51 $502.67 $0.00 $442.55 $79,214.73
114 $79,214.73 $502.67 $0.00 $447.89 $80,165.29
115 $80,165.29 $502.67 $0.00 $453.27 $81,121.23
116 $81,121.23 $502.67 $0.00 $458.67 $82,082.57
117 $82,082.57 $502.67 $0.00 $464.11 $83,049.35
118 $83,049.35 $502.67 $0.00 $469.57 $84,021.59
119 $84,021.59 $502.67 $0.00 $475.07 $84,999.33
120 $84,999.33 $502.67 $0.00 $480.60 $85,982.60
121 $85,982.60 $502.67 $0.00 $486.16 $86,971.43
122 $86,971.43 $502.67 $0.00 $491.75 $87,965.85
123 $87,965.85 $502.67 $0.00 $497.37 $88,965.89
124 $88,965.89 $502.67 $0.00 $503.03 $89,971.59
125 $89,971.59 $502.67 $0.00 $508.71 $90,982.97
126 $90,982.97 $502.67 $0.00 $514.43 $92,000.07
127 $92,000.07 $502.67 $0.00 $520.18 $93,022.92
128 $93,022.92 $502.67 $0.00 $525.97 $94,051.56
129 $94,051.56 $502.67 $0.00 $531.78 $95,086.01
130 $95,086.01 $502.67 $0.00 $537.63 $96,126.31
131 $96,126.31 $502.67 $0.00 $543.51 $97,172.49
132 $97,172.49 $502.67 $0.00 $549.43 $98,224.59
133 $98,224.59 $502.67 $0.00 $555.38 $99,282.64
134 $99,282.64 $502.67 $0.00 $561.36 $100,346.67
135 $100,346.67 $502.67 $0.00 $567.37 $101,416.71
136 $101,416.71 $502.67 $0.00 $573.42 $102,492.80
137 $102,492.80 $502.67 $0.00 $579.51 $103,574.98
138 $103,574.98 $502.67 $0.00 $585.63 $104,663.28
139 $104,663.28 $502.67 $0.00 $591.78 $105,757.73
140 $105,757.73 $502.67 $0.00 $597.97 $106,858.37
141 $106,858.37 $502.67 $0.00 $604.19 $107,965.23
142 $107,965.23 $502.67 $0.00 $610.45 $109,078.35
143 $109,078.35 $502.67 $0.00 $616.74 $110,197.76
144 $110,197.76 $502.67 $0.00 $623.07 $111,323.50
145 $111,323.50 $502.67 $0.00 $629.44 $112,455.61
146 $112,455.61 $502.67 $0.00 $635.84 $113,594.12
147 $113,594.12 $502.67 $0.00 $642.28 $114,739.07
148 $114,739.07 $502.67 $0.00 $648.75 $115,890.49
149 $115,890.49 $502.67 $0.00 $655.26 $117,048.42
150 $117,048.42 $502.67 $0.00 $661.81 $118,212.90
151 $118,212.90 $502.67 $0.00 $668.39 $119,383.96
152 $119,383.96 $502.67 $0.00 $675.01 $120,561.64
153 $120,561.64 $502.67 $0.00 $681.67 $121,745.98
154 $121,745.98 $502.67 $0.00 $688.37 $122,937.02
155 $122,937.02 $502.67 $0.00 $695.10 $124,134.79
156 $124,134.79 $502.67 $0.00 $701.88 $125,339.34
157 $125,339.34 $502.67 $0.00 $708.69 $126,550.70
158 $126,550.70 $502.67 $0.00 $715.54 $127,768.91
159 $127,768.91 $502.67 $0.00 $722.42 $128,994.00
160 $128,994.00 $502.67 $0.00 $729.35 $130,226.02
161 $130,226.02 $502.67 $0.00 $736.32 $131,465.01
162 $131,465.01 $502.67 $0.00 $743.32 $132,711.00
163 $132,711.00 $502.67 $0.00 $750.37 $133,964.04
164 $133,964.04 $502.67 $0.00 $757.45 $135,224.16
165 $135,224.16 $502.67 $0.00 $764.58 $136,491.41
166 $136,491.41 $502.67 $0.00 $771.74 $137,765.82
167 $137,765.82 $502.67 $0.00 $778.95 $139,047.44
168 $139,047.44 $502.67 $0.00 $786.19 $140,336.30
169 $140,336.30 $502.67 $0.00 $793.48 $141,632.45
170 $141,632.45 $502.67 $0.00 $800.81 $142,935.93
171 $142,935.93 $502.67 $0.00 $808.18 $144,246.78
172 $144,246.78 $502.67 $0.00 $815.59 $145,565.04
173 $145,565.04 $502.67 $0.00 $823.05 $146,890.76
174 $146,890.76 $502.67 $0.00 $830.54 $148,223.97
175 $148,223.97 $502.67 $0.00 $838.08 $149,564.72
176 $149,564.72 $502.67 $0.00 $845.66 $150,913.05
177 $150,913.05 $502.67 $0.00 $853.28 $152,269.00
178 $152,269.00 $502.67 $0.00 $860.95 $153,632.62
179 $153,632.62 $502.67 $0.00 $868.66 $155,003.95
180 $155,003.95 $502.67 $0.00 $876.41 $156,383.03
181 $156,383.03 $502.67 $0.00 $884.21 $157,769.91
182 $157,769.91 $502.67 $0.00 $892.05 $159,164.63
183 $159,164.63 $502.67 $0.00 $899.94 $160,567.24
184 $160,567.24 $502.67 $0.00 $907.87 $161,977.78
185 $161,977.78 $502.67 $0.00 $915.85 $163,396.30
186 $163,396.30 $502.67 $0.00 $923.87 $164,822.84
187 $164,822.84 $502.67 $0.00 $931.93 $166,257.44
188 $166,257.44 $502.67 $0.00 $940.04 $167,700.15
189 $167,700.15 $502.67 $0.00 $948.20 $169,151.02
190 $169,151.02 $502.67 $0.00 $956.40 $170,610.09
191 $170,610.09 $502.67 $0.00 $964.65 $172,077.41
192 $172,077.41 $502.67 $0.00 $972.95 $173,553.03
193 $173,553.03 $502.67 $0.00 $981.29 $175,036.99
194 $175,036.99 $502.67 $0.00 $989.68 $176,529.34
195 $176,529.34 $502.67 $0.00 $998.12 $178,030.13
196 $178,030.13 $502.67 $0.00 $1,006.61 $179,539.41
197 $179,539.41 $502.67 $0.00 $1,015.14 $181,057.22
198 $181,057.22 $502.67 $0.00 $1,023.72 $182,583.61
199 $182,583.61 $502.67 $0.00 $1,032.35 $184,118.63
200 $184,118.63 $502.67 $0.00 $1,041.03 $185,662.33
201 $185,662.33 $502.67 $0.00 $1,049.76 $187,214.76
202 $187,214.76 $502.67 $0.00 $1,058.54 $188,775.97
203 $188,775.97 $502.67 $0.00 $1,067.37 $190,346.01
204 $190,346.01 $502.67 $0.00 $1,076.24 $191,924.92
205 $191,924.92 $502.67 $0.00 $1,085.17 $193,512.76
206 $193,512.76 $502.67 $0.00 $1,094.15 $195,109.58
207 $195,109.58 $502.67 $0.00 $1,103.18 $196,715.43
208 $196,715.43 $502.67 $0.00 $1,112.26 $198,330.36
209 $198,330.36 $502.67 $0.00 $1,121.39 $199,954.42
210 $199,954.42 $502.67 $0.00 $1,130.57 $201,587.66
211 $201,587.66 $502.67 $0.00 $1,139.81 $203,230.14
212 $203,230.14 $502.67 $0.00 $1,149.09 $204,881.90
213 $204,881.90 $502.67 $0.00 $1,158.43 $206,543.00
214 $206,543.00 $502.67 $0.00 $1,167.82 $208,213.49
215 $208,213.49 $502.67 $0.00 $1,177.27 $209,893.43
216 $209,893.43 $502.67 $0.00 $1,186.77 $211,582.87
217 $211,582.87 $502.67 $58,933.29 $1,196.32 $154,348.57
218 $154,348.57 $502.67 $0.00 $872.71 $155,723.95
219 $155,723.95 $502.67 $0.00 $880.49 $157,107.11
220 $157,107.11 $502.67 $0.00 $888.31 $158,498.09
221 $158,498.09 $502.67 $0.00 $896.17 $159,896.93
222 $159,896.93 $502.67 $0.00 $904.08 $161,303.68
223 $161,303.68 $502.67 $0.00 $912.03 $162,718.38
224 $162,718.38 $502.67 $0.00 $920.03 $164,141.08
225 $164,141.08 $502.67 $0.00 $928.08 $165,571.83
226 $165,571.83 $502.67 $0.00 $936.17 $167,010.67
227 $167,010.67 $502.67 $0.00 $944.30 $168,457.64
228 $168,457.64 $502.67 $0.00 $952.48 $169,912.79
229 $169,912.79 $502.67 $61,879.96 $960.71 $109,496.21
230 $109,496.21 $502.67 $0.00 $619.11 $110,617.99
231 $110,617.99 $502.67 $0.00 $625.45 $111,746.11
232 $111,746.11 $502.67 $0.00 $631.83 $112,880.61
233 $112,880.61 $502.67 $0.00 $638.24 $114,021.52
234 $114,021.52 $502.67 $0.00 $644.69 $115,168.88
235 $115,168.88 $502.67 $0.00 $651.18 $116,322.73
236 $116,322.73 $502.67 $0.00 $657.71 $117,483.11
237 $117,483.11 $502.67 $0.00 $664.27 $118,650.05
238 $118,650.05 $502.67 $0.00 $670.86 $119,823.58
239 $119,823.58 $502.67 $0.00 $677.50 $121,003.75
240 $121,003.75 $502.67 $0.00 $684.17 $122,190.59
241 $122,190.59 $502.67 $64,973.95 $690.88 $58,410.19
242 $58,410.19 $502.67 $0.00 $330.26 $59,243.12
243 $59,243.12 $502.67 $0.00 $334.97 $60,080.76
244 $60,080.76 $502.67 $0.00 $339.71 $60,923.14
245 $60,923.14 $502.67 $0.00 $344.47 $61,770.28
246 $61,770.28 $502.67 $0.00 $349.26 $62,622.21
247 $62,622.21 $502.67 $0.00 $354.08 $63,478.96
248 $63,478.96 $502.67 $0.00 $358.92 $64,340.55
249 $64,340.55 $502.67 $0.00 $363.79 $65,207.01
250 $65,207.01 $502.67 $0.00 $368.69 $66,078.37
251 $66,078.37 $502.67 $0.00 $373.62 $66,954.66
252 $66,954.66 $502.67 $0.00 $378.57 $67,835.90
253 $67,835.90 $0.00 $68,222.65 $383.55 ($3.20)