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 2040$63,596
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 $254,383.28 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $503.41 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$24,524.00
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 $503.41 $0.00 $0.00 $503.41
2 $503.41 $503.41 $0.00 $2.85 $1,009.67
3 $1,009.67 $503.41 $0.00 $5.71 $1,518.79
4 $1,518.79 $503.41 $0.00 $8.59 $2,030.79
5 $2,030.79 $503.41 $0.00 $11.48 $2,545.68
6 $2,545.68 $503.41 $0.00 $14.39 $3,063.48
7 $3,063.48 $503.41 $0.00 $17.32 $3,584.21
8 $3,584.21 $503.41 $0.00 $20.27 $4,107.89
9 $4,107.89 $503.41 $0.00 $23.23 $4,634.53
10 $4,634.53 $503.41 $0.00 $26.20 $5,164.14
11 $5,164.14 $503.41 $0.00 $29.20 $5,696.75
12 $5,696.75 $503.41 $0.00 $32.21 $6,232.37
13 $6,232.37 $503.41 $0.00 $35.24 $6,771.02
14 $6,771.02 $503.41 $0.00 $38.28 $7,312.71
15 $7,312.71 $503.41 $0.00 $41.35 $7,857.47
16 $7,857.47 $503.41 $0.00 $44.43 $8,405.31
17 $8,405.31 $503.41 $0.00 $47.52 $8,956.24
18 $8,956.24 $503.41 $0.00 $50.64 $9,510.29
19 $9,510.29 $503.41 $0.00 $53.77 $10,067.47
20 $10,067.47 $503.41 $0.00 $56.92 $10,627.80
21 $10,627.80 $503.41 $0.00 $60.09 $11,191.30
22 $11,191.30 $503.41 $0.00 $63.28 $11,757.99
23 $11,757.99 $503.41 $0.00 $66.48 $12,327.88
24 $12,327.88 $503.41 $0.00 $69.70 $12,900.99
25 $12,900.99 $503.41 $0.00 $72.94 $13,477.34
26 $13,477.34 $503.41 $0.00 $76.20 $14,056.95
27 $14,056.95 $503.41 $0.00 $79.48 $14,639.84
28 $14,639.84 $503.41 $0.00 $82.78 $15,226.03
29 $15,226.03 $503.41 $0.00 $86.09 $15,815.53
30 $15,815.53 $503.41 $0.00 $89.42 $16,408.36
31 $16,408.36 $503.41 $0.00 $92.78 $17,004.55
32 $17,004.55 $503.41 $0.00 $96.15 $17,604.11
33 $17,604.11 $503.41 $0.00 $99.54 $18,207.06
34 $18,207.06 $503.41 $0.00 $102.95 $18,813.42
35 $18,813.42 $503.41 $0.00 $106.37 $19,423.20
36 $19,423.20 $503.41 $0.00 $109.82 $20,036.43
37 $20,036.43 $503.41 $0.00 $113.29 $20,653.13
38 $20,653.13 $503.41 $0.00 $116.78 $21,273.32
39 $21,273.32 $503.41 $0.00 $120.28 $21,897.01
40 $21,897.01 $503.41 $0.00 $123.81 $22,524.23
41 $22,524.23 $503.41 $0.00 $127.36 $23,155.00
42 $23,155.00 $503.41 $0.00 $130.92 $23,789.33
43 $23,789.33 $503.41 $0.00 $134.51 $24,427.25
44 $24,427.25 $503.41 $0.00 $138.12 $25,068.78
45 $25,068.78 $503.41 $0.00 $141.74 $25,713.93
46 $25,713.93 $503.41 $0.00 $145.39 $26,362.73
47 $26,362.73 $503.41 $0.00 $149.06 $27,015.20
48 $27,015.20 $503.41 $0.00 $152.75 $27,671.36
49 $27,671.36 $503.41 $0.00 $156.46 $28,331.23
50 $28,331.23 $503.41 $0.00 $160.19 $28,994.83
51 $28,994.83 $503.41 $0.00 $163.94 $29,662.18
52 $29,662.18 $503.41 $0.00 $167.71 $30,333.30
53 $30,333.30 $503.41 $0.00 $171.51 $31,008.22
54 $31,008.22 $503.41 $0.00 $175.32 $31,686.95
55 $31,686.95 $503.41 $0.00 $179.16 $32,369.52
56 $32,369.52 $503.41 $0.00 $183.02 $33,055.95
57 $33,055.95 $503.41 $0.00 $186.90 $33,746.26
58 $33,746.26 $503.41 $0.00 $190.81 $34,440.48
59 $34,440.48 $503.41 $0.00 $194.73 $35,138.62
60 $35,138.62 $503.41 $0.00 $198.68 $35,840.71
61 $35,840.71 $503.41 $0.00 $202.65 $36,546.77
62 $36,546.77 $503.41 $0.00 $206.64 $37,256.82
63 $37,256.82 $503.41 $0.00 $210.66 $37,970.89
64 $37,970.89 $503.41 $0.00 $214.69 $38,688.99
65 $38,688.99 $503.41 $0.00 $218.75 $39,411.15
66 $39,411.15 $503.41 $0.00 $222.84 $40,137.40
67 $40,137.40 $503.41 $0.00 $226.94 $40,867.75
68 $40,867.75 $503.41 $0.00 $231.07 $41,602.23
69 $41,602.23 $503.41 $0.00 $235.23 $42,340.87
70 $42,340.87 $503.41 $0.00 $239.40 $43,083.68
71 $43,083.68 $503.41 $0.00 $243.60 $43,830.69
72 $43,830.69 $503.41 $0.00 $247.83 $44,581.93
73 $44,581.93 $503.41 $0.00 $252.07 $45,337.41
74 $45,337.41 $503.41 $0.00 $256.34 $46,097.16
75 $46,097.16 $503.41 $0.00 $260.64 $46,861.21
76 $46,861.21 $503.41 $0.00 $264.96 $47,629.58
77 $47,629.58 $503.41 $0.00 $269.30 $48,402.29
78 $48,402.29 $503.41 $0.00 $273.67 $49,179.37
79 $49,179.37 $503.41 $0.00 $278.07 $49,960.85
80 $49,960.85 $503.41 $0.00 $282.49 $50,746.75
81 $50,746.75 $503.41 $0.00 $286.93 $51,537.09
82 $51,537.09 $503.41 $0.00 $291.40 $52,331.90
83 $52,331.90 $503.41 $0.00 $295.89 $53,131.20
84 $53,131.20 $503.41 $0.00 $300.41 $53,935.02
85 $53,935.02 $503.41 $0.00 $304.96 $54,743.39
86 $54,743.39 $503.41 $0.00 $309.53 $55,556.33
87 $55,556.33 $503.41 $0.00 $314.12 $56,373.86
88 $56,373.86 $503.41 $0.00 $318.75 $57,196.02
89 $57,196.02 $503.41 $0.00 $323.39 $58,022.82
90 $58,022.82 $503.41 $0.00 $328.07 $58,854.30
91 $58,854.30 $503.41 $0.00 $332.77 $59,690.48
92 $59,690.48 $503.41 $0.00 $337.50 $60,531.39
93 $60,531.39 $503.41 $0.00 $342.25 $61,377.05
94 $61,377.05 $503.41 $0.00 $347.03 $62,227.49
95 $62,227.49 $503.41 $0.00 $351.84 $63,082.74
96 $63,082.74 $503.41 $0.00 $356.68 $63,942.83
97 $63,942.83 $503.41 $0.00 $361.54 $64,807.78
98 $64,807.78 $503.41 $0.00 $366.43 $65,677.62
99 $65,677.62 $503.41 $0.00 $371.35 $66,552.38
100 $66,552.38 $503.41 $0.00 $376.30 $67,432.09
101 $67,432.09 $503.41 $0.00 $381.27 $68,316.77
102 $68,316.77 $503.41 $0.00 $386.27 $69,206.45
103 $69,206.45 $503.41 $0.00 $391.30 $70,101.16
104 $70,101.16 $503.41 $0.00 $396.36 $71,000.93
105 $71,000.93 $503.41 $0.00 $401.45 $71,905.79
106 $71,905.79 $503.41 $0.00 $406.57 $72,815.77
107 $72,815.77 $503.41 $0.00 $411.71 $73,730.89
108 $73,730.89 $503.41 $0.00 $416.89 $74,651.19
109 $74,651.19 $503.41 $0.00 $422.09 $75,576.69
110 $75,576.69 $503.41 $0.00 $427.32 $76,507.42
111 $76,507.42 $503.41 $0.00 $432.58 $77,443.41
112 $77,443.41 $503.41 $0.00 $437.88 $78,384.70
113 $78,384.70 $503.41 $0.00 $443.20 $79,331.31
114 $79,331.31 $503.41 $0.00 $448.55 $80,283.27
115 $80,283.27 $503.41 $0.00 $453.93 $81,240.61
116 $81,240.61 $503.41 $0.00 $459.35 $82,203.37
117 $82,203.37 $503.41 $0.00 $464.79 $83,171.57
118 $83,171.57 $503.41 $0.00 $470.26 $84,145.24
119 $84,145.24 $503.41 $0.00 $475.77 $85,124.42
120 $85,124.42 $503.41 $0.00 $481.31 $86,109.14
121 $86,109.14 $503.41 $0.00 $486.87 $87,099.42
122 $87,099.42 $503.41 $0.00 $492.47 $88,095.30
123 $88,095.30 $503.41 $0.00 $498.10 $89,096.81
124 $89,096.81 $503.41 $0.00 $503.77 $90,103.99
125 $90,103.99 $503.41 $0.00 $509.46 $91,116.86
126 $91,116.86 $503.41 $0.00 $515.19 $92,135.46
127 $92,135.46 $503.41 $0.00 $520.95 $93,159.82
128 $93,159.82 $503.41 $0.00 $526.74 $94,189.97
129 $94,189.97 $503.41 $0.00 $532.56 $95,225.94
130 $95,225.94 $503.41 $0.00 $538.42 $96,267.77
131 $96,267.77 $503.41 $0.00 $544.31 $97,315.49
132 $97,315.49 $503.41 $0.00 $550.24 $98,369.14
133 $98,369.14 $503.41 $0.00 $556.19 $99,428.74
134 $99,428.74 $503.41 $0.00 $562.18 $100,494.33
135 $100,494.33 $503.41 $0.00 $568.21 $101,565.95
136 $101,565.95 $503.41 $0.00 $574.27 $102,643.63
137 $102,643.63 $503.41 $0.00 $580.36 $103,727.40
138 $103,727.40 $503.41 $0.00 $586.49 $104,817.30
139 $104,817.30 $503.41 $0.00 $592.65 $105,913.36
140 $105,913.36 $503.41 $0.00 $598.85 $107,015.62
141 $107,015.62 $503.41 $0.00 $605.08 $108,124.11
142 $108,124.11 $503.41 $0.00 $611.35 $109,238.87
143 $109,238.87 $503.41 $0.00 $617.65 $110,359.93
144 $110,359.93 $503.41 $0.00 $623.99 $111,487.33
145 $111,487.33 $503.41 $0.00 $630.37 $112,621.11
146 $112,621.11 $503.41 $0.00 $636.78 $113,761.30
147 $113,761.30 $503.41 $0.00 $643.22 $114,907.93
148 $114,907.93 $503.41 $0.00 $649.71 $116,061.05
149 $116,061.05 $503.41 $0.00 $656.23 $117,220.69
150 $117,220.69 $503.41 $0.00 $662.78 $118,386.88
151 $118,386.88 $503.41 $0.00 $669.38 $119,559.67
152 $119,559.67 $503.41 $0.00 $676.01 $120,739.09
153 $120,739.09 $503.41 $0.00 $682.68 $121,925.18
154 $121,925.18 $503.41 $0.00 $689.38 $123,117.97
155 $123,117.97 $503.41 $0.00 $696.13 $124,317.51
156 $124,317.51 $503.41 $0.00 $702.91 $125,523.83
157 $125,523.83 $503.41 $0.00 $709.73 $126,736.97
158 $126,736.97 $503.41 $0.00 $716.59 $127,956.97
159 $127,956.97 $503.41 $0.00 $723.49 $129,183.87
160 $129,183.87 $503.41 $0.00 $730.42 $130,417.70
161 $130,417.70 $503.41 $0.00 $737.40 $131,658.51
162 $131,658.51 $503.41 $0.00 $744.42 $132,906.34
163 $132,906.34 $503.41 $0.00 $751.47 $134,161.22
164 $134,161.22 $503.41 $0.00 $758.57 $135,423.20
165 $135,423.20 $503.41 $0.00 $765.70 $136,692.31
166 $136,692.31 $503.41 $0.00 $772.88 $137,968.60
167 $137,968.60 $503.41 $0.00 $780.09 $139,252.10
168 $139,252.10 $503.41 $0.00 $787.35 $140,542.86
169 $140,542.86 $503.41 $0.00 $794.65 $141,840.92
170 $141,840.92 $503.41 $0.00 $801.99 $143,146.32
171 $143,146.32 $503.41 $0.00 $809.37 $144,459.10
172 $144,459.10 $503.41 $0.00 $816.79 $145,779.30
173 $145,779.30 $503.41 $0.00 $824.26 $147,106.97
174 $147,106.97 $503.41 $0.00 $831.76 $148,442.14
175 $148,442.14 $503.41 $0.00 $839.31 $149,784.86
176 $149,784.86 $503.41 $0.00 $846.91 $151,135.18
177 $151,135.18 $503.41 $0.00 $854.54 $152,493.13
178 $152,493.13 $503.41 $0.00 $862.22 $153,858.76
179 $153,858.76 $503.41 $0.00 $869.94 $155,232.11
180 $155,232.11 $503.41 $0.00 $877.70 $156,613.22
181 $156,613.22 $503.41 $0.00 $885.51 $158,002.14
182 $158,002.14 $503.41 $0.00 $893.37 $159,398.92
183 $159,398.92 $503.41 $0.00 $901.26 $160,803.59
184 $160,803.59 $503.41 $0.00 $909.21 $162,216.21
185 $162,216.21 $503.41 $0.00 $917.19 $163,636.81
186 $163,636.81 $503.41 $0.00 $925.23 $165,065.45
187 $165,065.45 $503.41 $0.00 $933.30 $166,502.16
188 $166,502.16 $503.41 $0.00 $941.43 $167,947.00
189 $167,947.00 $503.41 $0.00 $949.60 $169,400.01
190 $169,400.01 $503.41 $0.00 $957.81 $170,861.23
191 $170,861.23 $503.41 $0.00 $966.07 $172,330.71
192 $172,330.71 $503.41 $0.00 $974.38 $173,808.50
193 $173,808.50 $503.41 $0.00 $982.74 $175,294.65
194 $175,294.65 $503.41 $0.00 $991.14 $176,789.20
195 $176,789.20 $503.41 $0.00 $999.59 $178,292.20
196 $178,292.20 $503.41 $0.00 $1,008.09 $179,803.70
197 $179,803.70 $503.41 $0.00 $1,016.64 $181,323.75
198 $181,323.75 $503.41 $0.00 $1,025.23 $182,852.39
199 $182,852.39 $503.41 $0.00 $1,033.87 $184,389.67
200 $184,389.67 $503.41 $0.00 $1,042.57 $185,935.65
201 $185,935.65 $503.41 $0.00 $1,051.31 $187,490.37
202 $187,490.37 $503.41 $0.00 $1,060.10 $189,053.88
203 $189,053.88 $503.41 $0.00 $1,068.94 $190,626.23
204 $190,626.23 $503.41 $0.00 $1,077.83 $192,207.47
205 $192,207.47 $503.41 $0.00 $1,086.77 $193,797.65
206 $193,797.65 $503.41 $0.00 $1,095.76 $195,396.82
207 $195,396.82 $503.41 $0.00 $1,104.80 $197,005.03
208 $197,005.03 $503.41 $0.00 $1,113.90 $198,622.34
209 $198,622.34 $503.41 $0.00 $1,123.04 $200,248.79
210 $200,248.79 $503.41 $0.00 $1,132.24 $201,884.44
211 $201,884.44 $503.41 $0.00 $1,141.48 $203,529.33
212 $203,529.33 $503.41 $0.00 $1,150.78 $205,183.52
213 $205,183.52 $503.41 $0.00 $1,160.14 $206,847.07
214 $206,847.07 $503.41 $0.00 $1,169.54 $208,520.02
215 $208,520.02 $503.41 $0.00 $1,179.00 $210,202.43
216 $210,202.43 $503.41 $0.00 $1,188.52 $211,894.36
217 $211,894.36 $503.41 $59,019.93 $1,198.08 $154,575.92
218 $154,575.92 $503.41 $0.00 $873.99 $155,953.32
219 $155,953.32 $503.41 $0.00 $881.78 $157,338.51
220 $157,338.51 $503.41 $0.00 $889.61 $158,731.53
221 $158,731.53 $503.41 $0.00 $897.49 $160,132.43
222 $160,132.43 $503.41 $0.00 $905.41 $161,541.25
223 $161,541.25 $503.41 $0.00 $913.38 $162,958.04
224 $162,958.04 $503.41 $0.00 $921.39 $164,382.84
225 $164,382.84 $503.41 $0.00 $929.44 $165,815.69
226 $165,815.69 $503.41 $0.00 $937.55 $167,256.65
227 $167,256.65 $503.41 $0.00 $945.69 $168,705.75
228 $168,705.75 $503.41 $0.00 $953.89 $170,163.05
229 $170,163.05 $503.41 $61,970.93 $962.13 $109,657.66
230 $109,657.66 $503.41 $0.00 $620.02 $110,781.09
231 $110,781.09 $503.41 $0.00 $626.37 $111,910.87
232 $111,910.87 $503.41 $0.00 $632.76 $113,047.04
233 $113,047.04 $503.41 $0.00 $639.18 $114,189.63
234 $114,189.63 $503.41 $0.00 $645.64 $115,338.68
235 $115,338.68 $503.41 $0.00 $652.14 $116,494.23
236 $116,494.23 $503.41 $0.00 $658.68 $117,656.32
237 $117,656.32 $503.41 $0.00 $665.25 $118,824.98
238 $118,824.98 $503.41 $0.00 $671.85 $120,000.24
239 $120,000.24 $503.41 $0.00 $678.50 $121,182.15
240 $121,182.15 $503.41 $0.00 $685.18 $122,370.74
241 $122,370.74 $503.41 $65,069.47 $691.90 $58,496.58
242 $58,496.58 $503.41 $0.00 $330.75 $59,330.74
243 $59,330.74 $503.41 $0.00 $335.46 $60,169.61
244 $60,169.61 $503.41 $0.00 $340.21 $61,013.23
245 $61,013.23 $503.41 $0.00 $344.98 $61,861.62
246 $61,861.62 $503.41 $0.00 $349.77 $62,714.80
247 $62,714.80 $503.41 $0.00 $354.60 $63,572.81
248 $63,572.81 $503.41 $0.00 $359.45 $64,435.67
249 $64,435.67 $503.41 $0.00 $364.33 $65,303.41
250 $65,303.41 $503.41 $0.00 $369.23 $66,176.05
251 $66,176.05 $503.41 $0.00 $374.17 $67,053.63
252 $67,053.63 $503.41 $0.00 $379.13 $67,936.17
253 $67,936.17 $0.00 $68,322.95 $384.12 ($2.66)