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 2041$64,662
Monthly savings required$512

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 $258,646.51 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $511.85 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$24,935.00
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 $511.85 $0.00 $0.00 $511.85
2 $511.85 $511.85 $0.00 $2.89 $1,026.59
3 $1,026.59 $511.85 $0.00 $5.80 $1,544.24
4 $1,544.24 $511.85 $0.00 $8.73 $2,064.82
5 $2,064.82 $511.85 $0.00 $11.67 $2,588.34
6 $2,588.34 $511.85 $0.00 $14.63 $3,114.82
7 $3,114.82 $511.85 $0.00 $17.61 $3,644.28
8 $3,644.28 $511.85 $0.00 $20.61 $4,176.74
9 $4,176.74 $511.85 $0.00 $23.62 $4,712.21
10 $4,712.21 $511.85 $0.00 $26.64 $5,250.70
11 $5,250.70 $511.85 $0.00 $29.69 $5,792.24
12 $5,792.24 $511.85 $0.00 $32.75 $6,336.84
13 $6,336.84 $511.85 $0.00 $35.83 $6,884.52
14 $6,884.52 $511.85 $0.00 $38.93 $7,435.30
15 $7,435.30 $511.85 $0.00 $42.04 $7,989.19
16 $7,989.19 $511.85 $0.00 $45.17 $8,546.21
17 $8,546.21 $511.85 $0.00 $48.32 $9,106.38
18 $9,106.38 $511.85 $0.00 $51.49 $9,669.72
19 $9,669.72 $511.85 $0.00 $54.67 $10,236.24
20 $10,236.24 $511.85 $0.00 $57.88 $10,805.97
21 $10,805.97 $511.85 $0.00 $61.10 $11,378.92
22 $11,378.92 $511.85 $0.00 $64.34 $11,955.11
23 $11,955.11 $511.85 $0.00 $67.60 $12,534.56
24 $12,534.56 $511.85 $0.00 $70.87 $13,117.28
25 $13,117.28 $511.85 $0.00 $74.17 $13,703.30
26 $13,703.30 $511.85 $0.00 $77.48 $14,292.63
27 $14,292.63 $511.85 $0.00 $80.81 $14,885.29
28 $14,885.29 $511.85 $0.00 $84.16 $15,481.30
29 $15,481.30 $511.85 $0.00 $87.53 $16,080.68
30 $16,080.68 $511.85 $0.00 $90.92 $16,683.45
31 $16,683.45 $511.85 $0.00 $94.33 $17,289.63
32 $17,289.63 $511.85 $0.00 $97.76 $17,899.24
33 $17,899.24 $511.85 $0.00 $101.20 $18,512.29
34 $18,512.29 $511.85 $0.00 $104.67 $19,128.81
35 $19,128.81 $511.85 $0.00 $108.16 $19,748.82
36 $19,748.82 $511.85 $0.00 $111.66 $20,372.33
37 $20,372.33 $511.85 $0.00 $115.19 $20,999.37
38 $20,999.37 $511.85 $0.00 $118.73 $21,629.95
39 $21,629.95 $511.85 $0.00 $122.30 $22,264.10
40 $22,264.10 $511.85 $0.00 $125.88 $22,901.83
41 $22,901.83 $511.85 $0.00 $129.49 $23,543.17
42 $23,543.17 $511.85 $0.00 $133.12 $24,188.14
43 $24,188.14 $511.85 $0.00 $136.76 $24,836.75
44 $24,836.75 $511.85 $0.00 $140.43 $25,489.03
45 $25,489.03 $511.85 $0.00 $144.12 $26,145.00
46 $26,145.00 $511.85 $0.00 $147.83 $26,804.68
47 $26,804.68 $511.85 $0.00 $151.56 $27,468.09
48 $27,468.09 $511.85 $0.00 $155.31 $28,135.25
49 $28,135.25 $511.85 $0.00 $159.08 $28,806.18
50 $28,806.18 $511.85 $0.00 $162.87 $29,480.90
51 $29,480.90 $511.85 $0.00 $166.69 $30,159.44
52 $30,159.44 $511.85 $0.00 $170.53 $30,841.82
53 $30,841.82 $511.85 $0.00 $174.38 $31,528.05
54 $31,528.05 $511.85 $0.00 $178.26 $32,218.16
55 $32,218.16 $511.85 $0.00 $182.17 $32,912.18
56 $32,912.18 $511.85 $0.00 $186.09 $33,610.12
57 $33,610.12 $511.85 $0.00 $190.04 $34,312.01
58 $34,312.01 $511.85 $0.00 $194.01 $35,017.87
59 $35,017.87 $511.85 $0.00 $198.00 $35,727.72
60 $35,727.72 $511.85 $0.00 $202.01 $36,441.58
61 $36,441.58 $511.85 $0.00 $206.05 $37,159.48
62 $37,159.48 $511.85 $0.00 $210.11 $37,881.44
63 $37,881.44 $511.85 $0.00 $214.19 $38,607.48
64 $38,607.48 $511.85 $0.00 $218.29 $39,337.62
65 $39,337.62 $511.85 $0.00 $222.42 $40,071.89
66 $40,071.89 $511.85 $0.00 $226.57 $40,810.31
67 $40,810.31 $511.85 $0.00 $230.75 $41,552.91
68 $41,552.91 $511.85 $0.00 $234.95 $42,299.71
69 $42,299.71 $511.85 $0.00 $239.17 $43,050.73
70 $43,050.73 $511.85 $0.00 $243.42 $43,806.00
71 $43,806.00 $511.85 $0.00 $247.69 $44,565.54
72 $44,565.54 $511.85 $0.00 $251.98 $45,329.37
73 $45,329.37 $511.85 $0.00 $256.30 $46,097.52
74 $46,097.52 $511.85 $0.00 $260.64 $46,870.01
75 $46,870.01 $511.85 $0.00 $265.01 $47,646.87
76 $47,646.87 $511.85 $0.00 $269.40 $48,428.12
77 $48,428.12 $511.85 $0.00 $273.82 $49,213.79
78 $49,213.79 $511.85 $0.00 $278.26 $50,003.90
79 $50,003.90 $511.85 $0.00 $282.73 $50,798.48
80 $50,798.48 $511.85 $0.00 $287.22 $51,597.55
81 $51,597.55 $511.85 $0.00 $291.74 $52,401.14
82 $52,401.14 $511.85 $0.00 $296.28 $53,209.27
83 $53,209.27 $511.85 $0.00 $300.85 $54,021.97
84 $54,021.97 $511.85 $0.00 $305.45 $54,839.27
85 $54,839.27 $511.85 $0.00 $310.07 $55,661.19
86 $55,661.19 $511.85 $0.00 $314.72 $56,487.76
87 $56,487.76 $511.85 $0.00 $319.39 $57,319.00
88 $57,319.00 $511.85 $0.00 $324.09 $58,154.94
89 $58,154.94 $511.85 $0.00 $328.82 $58,995.61
90 $58,995.61 $511.85 $0.00 $333.57 $59,841.03
91 $59,841.03 $511.85 $0.00 $338.35 $60,691.23
92 $60,691.23 $511.85 $0.00 $343.16 $61,546.24
93 $61,546.24 $511.85 $0.00 $347.99 $62,406.08
94 $62,406.08 $511.85 $0.00 $352.85 $63,270.78
95 $63,270.78 $511.85 $0.00 $357.74 $64,140.37
96 $64,140.37 $511.85 $0.00 $362.66 $65,014.88
97 $65,014.88 $511.85 $0.00 $367.60 $65,894.33
98 $65,894.33 $511.85 $0.00 $372.58 $66,778.76
99 $66,778.76 $511.85 $0.00 $377.58 $67,668.19
100 $67,668.19 $511.85 $0.00 $382.61 $68,562.65
101 $68,562.65 $511.85 $0.00 $387.66 $69,462.16
102 $69,462.16 $511.85 $0.00 $392.75 $70,366.76
103 $70,366.76 $511.85 $0.00 $397.86 $71,276.47
104 $71,276.47 $511.85 $0.00 $403.01 $72,191.33
105 $72,191.33 $511.85 $0.00 $408.18 $73,111.36
106 $73,111.36 $511.85 $0.00 $413.38 $74,036.59
107 $74,036.59 $511.85 $0.00 $418.61 $74,967.05
108 $74,967.05 $511.85 $0.00 $423.87 $75,902.77
109 $75,902.77 $511.85 $0.00 $429.17 $76,843.79
110 $76,843.79 $511.85 $0.00 $434.49 $77,790.13
111 $77,790.13 $511.85 $0.00 $439.84 $78,741.82
112 $78,741.82 $511.85 $0.00 $445.22 $79,698.89
113 $79,698.89 $511.85 $0.00 $450.63 $80,661.37
114 $80,661.37 $511.85 $0.00 $456.07 $81,629.29
115 $81,629.29 $511.85 $0.00 $461.54 $82,602.68
116 $82,602.68 $511.85 $0.00 $467.05 $83,581.58
117 $83,581.58 $511.85 $0.00 $472.58 $84,566.01
118 $84,566.01 $511.85 $0.00 $478.15 $85,556.01
119 $85,556.01 $511.85 $0.00 $483.75 $86,551.61
120 $86,551.61 $511.85 $0.00 $489.38 $87,552.84
121 $87,552.84 $511.85 $0.00 $495.04 $88,559.73
122 $88,559.73 $511.85 $0.00 $500.73 $89,572.31
123 $89,572.31 $511.85 $0.00 $506.45 $90,590.61
124 $90,590.61 $511.85 $0.00 $512.21 $91,614.67
125 $91,614.67 $511.85 $0.00 $518.00 $92,644.52
126 $92,644.52 $511.85 $0.00 $523.83 $93,680.20
127 $93,680.20 $511.85 $0.00 $529.68 $94,721.73
128 $94,721.73 $511.85 $0.00 $535.57 $95,769.15
129 $95,769.15 $511.85 $0.00 $541.49 $96,822.49
130 $96,822.49 $511.85 $0.00 $547.45 $97,881.79
131 $97,881.79 $511.85 $0.00 $553.44 $98,947.08
132 $98,947.08 $511.85 $0.00 $559.46 $100,018.39
133 $100,018.39 $511.85 $0.00 $565.52 $101,095.76
134 $101,095.76 $511.85 $0.00 $571.61 $102,179.22
135 $102,179.22 $511.85 $0.00 $577.74 $103,268.81
136 $103,268.81 $511.85 $0.00 $583.90 $104,364.56
137 $104,364.56 $511.85 $0.00 $590.09 $105,466.50
138 $105,466.50 $511.85 $0.00 $596.32 $106,574.67
139 $106,574.67 $511.85 $0.00 $602.59 $107,689.11
140 $107,689.11 $511.85 $0.00 $608.89 $108,809.85
141 $108,809.85 $511.85 $0.00 $615.23 $109,936.93
142 $109,936.93 $511.85 $0.00 $621.60 $111,070.38
143 $111,070.38 $511.85 $0.00 $628.01 $112,210.24
144 $112,210.24 $511.85 $0.00 $634.45 $113,356.54
145 $113,356.54 $511.85 $0.00 $640.93 $114,509.32
146 $114,509.32 $511.85 $0.00 $647.45 $115,668.62
147 $115,668.62 $511.85 $0.00 $654.01 $116,834.48
148 $116,834.48 $511.85 $0.00 $660.60 $118,006.93
149 $118,006.93 $511.85 $0.00 $667.23 $119,186.01
150 $119,186.01 $511.85 $0.00 $673.90 $120,371.76
151 $120,371.76 $511.85 $0.00 $680.60 $121,564.21
152 $121,564.21 $511.85 $0.00 $687.34 $122,763.40
153 $122,763.40 $511.85 $0.00 $694.12 $123,969.37
154 $123,969.37 $511.85 $0.00 $700.94 $125,182.16
155 $125,182.16 $511.85 $0.00 $707.80 $126,401.81
156 $126,401.81 $511.85 $0.00 $714.69 $127,628.35
157 $127,628.35 $511.85 $0.00 $721.63 $128,861.83
158 $128,861.83 $511.85 $0.00 $728.60 $130,102.28
159 $130,102.28 $511.85 $0.00 $735.62 $131,349.75
160 $131,349.75 $511.85 $0.00 $742.67 $132,604.27
161 $132,604.27 $511.85 $0.00 $749.76 $133,865.88
162 $133,865.88 $511.85 $0.00 $756.90 $135,134.63
163 $135,134.63 $511.85 $0.00 $764.07 $136,410.55
164 $136,410.55 $511.85 $0.00 $771.29 $137,693.69
165 $137,693.69 $511.85 $0.00 $778.54 $138,984.08
166 $138,984.08 $511.85 $0.00 $785.84 $140,281.77
167 $140,281.77 $511.85 $0.00 $793.17 $141,586.79
168 $141,586.79 $511.85 $0.00 $800.55 $142,899.19
169 $142,899.19 $511.85 $0.00 $807.97 $144,219.01
170 $144,219.01 $511.85 $0.00 $815.44 $145,546.30
171 $145,546.30 $511.85 $0.00 $822.94 $146,881.09
172 $146,881.09 $511.85 $0.00 $830.49 $148,223.43
173 $148,223.43 $511.85 $0.00 $838.08 $149,573.36
174 $149,573.36 $511.85 $0.00 $845.71 $150,930.92
175 $150,930.92 $511.85 $0.00 $853.39 $152,296.16
176 $152,296.16 $511.85 $0.00 $861.10 $153,669.11
177 $153,669.11 $511.85 $0.00 $868.87 $155,049.83
178 $155,049.83 $511.85 $0.00 $876.67 $156,438.35
179 $156,438.35 $511.85 $0.00 $884.53 $157,834.73
180 $157,834.73 $511.85 $0.00 $892.42 $159,239.00
181 $159,239.00 $511.85 $0.00 $900.36 $160,651.21
182 $160,651.21 $511.85 $0.00 $908.35 $162,071.41
183 $162,071.41 $511.85 $0.00 $916.38 $163,499.64
184 $163,499.64 $511.85 $0.00 $924.45 $164,935.94
185 $164,935.94 $511.85 $0.00 $932.57 $166,380.36
186 $166,380.36 $511.85 $0.00 $940.74 $167,832.95
187 $167,832.95 $511.85 $0.00 $948.95 $169,293.75
188 $169,293.75 $511.85 $0.00 $957.21 $170,762.81
189 $170,762.81 $511.85 $0.00 $965.52 $172,240.18
190 $172,240.18 $511.85 $0.00 $973.87 $173,725.90
191 $173,725.90 $511.85 $0.00 $982.27 $175,220.02
192 $175,220.02 $511.85 $0.00 $990.72 $176,722.59
193 $176,722.59 $511.85 $0.00 $999.22 $178,233.66
194 $178,233.66 $511.85 $0.00 $1,007.76 $179,753.27
195 $179,753.27 $511.85 $0.00 $1,016.35 $181,281.47
196 $181,281.47 $511.85 $0.00 $1,024.99 $182,818.31
197 $182,818.31 $511.85 $0.00 $1,033.68 $184,363.84
198 $184,363.84 $511.85 $0.00 $1,042.42 $185,918.11
199 $185,918.11 $511.85 $0.00 $1,051.21 $187,481.17
200 $187,481.17 $511.85 $0.00 $1,060.05 $189,053.07
201 $189,053.07 $511.85 $0.00 $1,068.93 $190,633.85
202 $190,633.85 $511.85 $0.00 $1,077.87 $192,223.57
203 $192,223.57 $511.85 $0.00 $1,086.86 $193,822.28
204 $193,822.28 $511.85 $0.00 $1,095.90 $195,430.03
205 $195,430.03 $511.85 $0.00 $1,104.99 $197,046.87
206 $197,046.87 $511.85 $0.00 $1,114.13 $198,672.85
207 $198,672.85 $511.85 $0.00 $1,123.33 $200,308.03
208 $200,308.03 $511.85 $0.00 $1,132.57 $201,952.45
209 $201,952.45 $511.85 $0.00 $1,141.87 $203,606.17
210 $203,606.17 $511.85 $0.00 $1,151.22 $205,269.24
211 $205,269.24 $511.85 $0.00 $1,160.62 $206,941.71
212 $206,941.71 $511.85 $0.00 $1,170.08 $208,623.64
213 $208,623.64 $511.85 $0.00 $1,179.59 $210,315.08
214 $210,315.08 $511.85 $0.00 $1,189.15 $212,016.08
215 $212,016.08 $511.85 $0.00 $1,198.77 $213,726.70
216 $213,726.70 $511.85 $0.00 $1,208.44 $215,446.99
217 $215,446.99 $511.85 $60,009.05 $1,218.17 $157,167.96
218 $157,167.96 $511.85 $0.00 $888.65 $158,568.46
219 $158,568.46 $511.85 $0.00 $896.57 $159,976.88
220 $159,976.88 $511.85 $0.00 $904.53 $161,393.26
221 $161,393.26 $511.85 $0.00 $912.54 $162,817.65
222 $162,817.65 $511.85 $0.00 $920.59 $164,250.09
223 $164,250.09 $511.85 $0.00 $928.69 $165,690.63
224 $165,690.63 $511.85 $0.00 $936.84 $167,139.32
225 $167,139.32 $511.85 $0.00 $945.03 $168,596.20
226 $168,596.20 $511.85 $0.00 $953.27 $170,061.32
227 $170,061.32 $511.85 $0.00 $961.55 $171,534.72
228 $171,534.72 $511.85 $0.00 $969.88 $173,016.45
229 $173,016.45 $511.85 $63,009.50 $978.26 $111,497.06
230 $111,497.06 $511.85 $0.00 $630.42 $112,639.33
231 $112,639.33 $511.85 $0.00 $636.88 $113,788.06
232 $113,788.06 $511.85 $0.00 $643.37 $114,943.28
233 $114,943.28 $511.85 $0.00 $649.91 $116,105.04
234 $116,105.04 $511.85 $0.00 $656.47 $117,273.36
235 $117,273.36 $511.85 $0.00 $663.08 $118,448.29
236 $118,448.29 $511.85 $0.00 $669.72 $119,629.86
237 $119,629.86 $511.85 $0.00 $676.40 $120,818.11
238 $120,818.11 $511.85 $0.00 $683.12 $122,013.08
239 $122,013.08 $511.85 $0.00 $689.88 $123,214.81
240 $123,214.81 $511.85 $0.00 $696.67 $124,423.33
241 $124,423.33 $511.85 $66,159.98 $703.51 $59,478.71
242 $59,478.71 $511.85 $0.00 $336.30 $60,326.86
243 $60,326.86 $511.85 $0.00 $341.10 $61,179.81
244 $61,179.81 $511.85 $0.00 $345.92 $62,037.58
245 $62,037.58 $511.85 $0.00 $350.77 $62,900.20
246 $62,900.20 $511.85 $0.00 $355.65 $63,767.70
247 $63,767.70 $511.85 $0.00 $360.55 $64,640.10
248 $64,640.10 $511.85 $0.00 $365.48 $65,517.43
249 $65,517.43 $511.85 $0.00 $370.45 $66,399.73
250 $66,399.73 $511.85 $0.00 $375.43 $67,287.01
251 $67,287.01 $511.85 $0.00 $380.45 $68,179.31
252 $68,179.31 $511.85 $0.00 $385.50 $69,076.66
253 $69,076.66 $0.00 $69,467.98 $390.57 ($0.75)