Savings Plan and Future Cost Estimation for Western Connecticut State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$75,740
Monthly savings required$600

How much will it cost to send your child to Western Connecticut State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $302,959.24 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $599.54 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$29,207.00
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 $599.54 $0.00 $0.00 $599.54
2 $599.54 $599.54 $0.00 $3.39 $1,202.47
3 $1,202.47 $599.54 $0.00 $6.80 $1,808.81
4 $1,808.81 $599.54 $0.00 $10.23 $2,418.58
5 $2,418.58 $599.54 $0.00 $13.68 $3,031.80
6 $3,031.80 $599.54 $0.00 $17.14 $3,648.48
7 $3,648.48 $599.54 $0.00 $20.63 $4,268.65
8 $4,268.65 $599.54 $0.00 $24.14 $4,892.33
9 $4,892.33 $599.54 $0.00 $27.66 $5,519.53
10 $5,519.53 $599.54 $0.00 $31.21 $6,150.28
11 $6,150.28 $599.54 $0.00 $34.77 $6,784.59
12 $6,784.59 $599.54 $0.00 $38.36 $7,422.49
13 $7,422.49 $599.54 $0.00 $41.97 $8,064.00
14 $8,064.00 $599.54 $0.00 $45.60 $8,709.14
15 $8,709.14 $599.54 $0.00 $49.24 $9,357.92
16 $9,357.92 $599.54 $0.00 $52.91 $10,010.37
17 $10,010.37 $599.54 $0.00 $56.60 $10,666.51
18 $10,666.51 $599.54 $0.00 $60.31 $11,326.36
19 $11,326.36 $599.54 $0.00 $64.04 $11,989.94
20 $11,989.94 $599.54 $0.00 $67.79 $12,657.27
21 $12,657.27 $599.54 $0.00 $71.57 $13,328.38
22 $13,328.38 $599.54 $0.00 $75.36 $14,003.28
23 $14,003.28 $599.54 $0.00 $79.18 $14,682.00
24 $14,682.00 $599.54 $0.00 $83.01 $15,364.55
25 $15,364.55 $599.54 $0.00 $86.87 $16,050.96
26 $16,050.96 $599.54 $0.00 $90.75 $16,741.25
27 $16,741.25 $599.54 $0.00 $94.66 $17,435.45
28 $17,435.45 $599.54 $0.00 $98.58 $18,133.57
29 $18,133.57 $599.54 $0.00 $102.53 $18,835.64
30 $18,835.64 $599.54 $0.00 $106.50 $19,541.68
31 $19,541.68 $599.54 $0.00 $110.49 $20,251.71
32 $20,251.71 $599.54 $0.00 $114.51 $20,965.76
33 $20,965.76 $599.54 $0.00 $118.54 $21,683.84
34 $21,683.84 $599.54 $0.00 $122.60 $22,405.98
35 $22,405.98 $599.54 $0.00 $126.69 $23,132.21
36 $23,132.21 $599.54 $0.00 $130.79 $23,862.54
37 $23,862.54 $599.54 $0.00 $134.92 $24,597.00
38 $24,597.00 $599.54 $0.00 $139.08 $25,335.62
39 $25,335.62 $599.54 $0.00 $143.25 $26,078.41
40 $26,078.41 $599.54 $0.00 $147.45 $26,825.40
41 $26,825.40 $599.54 $0.00 $151.67 $27,576.61
42 $27,576.61 $599.54 $0.00 $155.92 $28,332.07
43 $28,332.07 $599.54 $0.00 $160.19 $29,091.80
44 $29,091.80 $599.54 $0.00 $164.49 $29,855.83
45 $29,855.83 $599.54 $0.00 $168.81 $30,624.18
46 $30,624.18 $599.54 $0.00 $173.15 $31,396.87
47 $31,396.87 $599.54 $0.00 $177.52 $32,173.93
48 $32,173.93 $599.54 $0.00 $181.92 $32,955.39
49 $32,955.39 $599.54 $0.00 $186.33 $33,741.26
50 $33,741.26 $599.54 $0.00 $190.78 $34,531.58
51 $34,531.58 $599.54 $0.00 $195.25 $35,326.37
52 $35,326.37 $599.54 $0.00 $199.74 $36,125.65
53 $36,125.65 $599.54 $0.00 $204.26 $36,929.45
54 $36,929.45 $599.54 $0.00 $208.80 $37,737.79
55 $37,737.79 $599.54 $0.00 $213.37 $38,550.70
56 $38,550.70 $599.54 $0.00 $217.97 $39,368.21
57 $39,368.21 $599.54 $0.00 $222.59 $40,190.34
58 $40,190.34 $599.54 $0.00 $227.24 $41,017.12
59 $41,017.12 $599.54 $0.00 $231.92 $41,848.58
60 $41,848.58 $599.54 $0.00 $236.62 $42,684.74
61 $42,684.74 $599.54 $0.00 $241.35 $43,525.63
62 $43,525.63 $599.54 $0.00 $246.10 $44,371.27
63 $44,371.27 $599.54 $0.00 $250.88 $45,221.69
64 $45,221.69 $599.54 $0.00 $255.69 $46,076.92
65 $46,076.92 $599.54 $0.00 $260.53 $46,936.99
66 $46,936.99 $599.54 $0.00 $265.39 $47,801.92
67 $47,801.92 $599.54 $0.00 $270.28 $48,671.74
68 $48,671.74 $599.54 $0.00 $275.20 $49,546.48
69 $49,546.48 $599.54 $0.00 $280.14 $50,426.16
70 $50,426.16 $599.54 $0.00 $285.12 $51,310.82
71 $51,310.82 $599.54 $0.00 $290.12 $52,200.48
72 $52,200.48 $599.54 $0.00 $295.15 $53,095.17
73 $53,095.17 $599.54 $0.00 $300.21 $53,994.92
74 $53,994.92 $599.54 $0.00 $305.30 $54,899.76
75 $54,899.76 $599.54 $0.00 $310.41 $55,809.71
76 $55,809.71 $599.54 $0.00 $315.56 $56,724.81
77 $56,724.81 $599.54 $0.00 $320.73 $57,645.08
78 $57,645.08 $599.54 $0.00 $325.93 $58,570.55
79 $58,570.55 $599.54 $0.00 $331.17 $59,501.26
80 $59,501.26 $599.54 $0.00 $336.43 $60,437.23
81 $60,437.23 $599.54 $0.00 $341.72 $61,378.49
82 $61,378.49 $599.54 $0.00 $347.04 $62,325.07
83 $62,325.07 $599.54 $0.00 $352.40 $63,277.01
84 $63,277.01 $599.54 $0.00 $357.78 $64,234.33
85 $64,234.33 $599.54 $0.00 $363.19 $65,197.06
86 $65,197.06 $599.54 $0.00 $368.63 $66,165.23
87 $66,165.23 $599.54 $0.00 $374.11 $67,138.88
88 $67,138.88 $599.54 $0.00 $379.61 $68,118.03
89 $68,118.03 $599.54 $0.00 $385.15 $69,102.72
90 $69,102.72 $599.54 $0.00 $390.72 $70,092.98
91 $70,092.98 $599.54 $0.00 $396.32 $71,088.84
92 $71,088.84 $599.54 $0.00 $401.95 $72,090.33
93 $72,090.33 $599.54 $0.00 $407.61 $73,097.48
94 $73,097.48 $599.54 $0.00 $413.30 $74,110.32
95 $74,110.32 $599.54 $0.00 $419.03 $75,128.89
96 $75,128.89 $599.54 $0.00 $424.79 $76,153.22
97 $76,153.22 $599.54 $0.00 $430.58 $77,183.34
98 $77,183.34 $599.54 $0.00 $436.41 $78,219.29
99 $78,219.29 $599.54 $0.00 $442.26 $79,261.09
100 $79,261.09 $599.54 $0.00 $448.15 $80,308.78
101 $80,308.78 $599.54 $0.00 $454.08 $81,362.40
102 $81,362.40 $599.54 $0.00 $460.03 $82,421.97
103 $82,421.97 $599.54 $0.00 $466.03 $83,487.54
104 $83,487.54 $599.54 $0.00 $472.05 $84,559.13
105 $84,559.13 $599.54 $0.00 $478.11 $85,636.78
106 $85,636.78 $599.54 $0.00 $484.20 $86,720.52
107 $86,720.52 $599.54 $0.00 $490.33 $87,810.39
108 $87,810.39 $599.54 $0.00 $496.49 $88,906.42
109 $88,906.42 $599.54 $0.00 $502.69 $90,008.65
110 $90,008.65 $599.54 $0.00 $508.92 $91,117.11
111 $91,117.11 $599.54 $0.00 $515.19 $92,231.84
112 $92,231.84 $599.54 $0.00 $521.49 $93,352.87
113 $93,352.87 $599.54 $0.00 $527.83 $94,480.24
114 $94,480.24 $599.54 $0.00 $534.21 $95,613.99
115 $95,613.99 $599.54 $0.00 $540.62 $96,754.15
116 $96,754.15 $599.54 $0.00 $547.06 $97,900.75
117 $97,900.75 $599.54 $0.00 $553.55 $99,053.84
118 $99,053.84 $599.54 $0.00 $560.06 $100,213.44
119 $100,213.44 $599.54 $0.00 $566.62 $101,379.60
120 $101,379.60 $599.54 $0.00 $573.21 $102,552.35
121 $102,552.35 $599.54 $0.00 $579.85 $103,731.74
122 $103,731.74 $599.54 $0.00 $586.51 $104,917.79
123 $104,917.79 $599.54 $0.00 $593.22 $106,110.55
124 $106,110.55 $599.54 $0.00 $599.96 $107,310.05
125 $107,310.05 $599.54 $0.00 $606.75 $108,516.34
126 $108,516.34 $599.54 $0.00 $613.57 $109,729.45
127 $109,729.45 $599.54 $0.00 $620.43 $110,949.42
128 $110,949.42 $599.54 $0.00 $627.32 $112,176.28
129 $112,176.28 $599.54 $0.00 $634.26 $113,410.08
130 $113,410.08 $599.54 $0.00 $641.24 $114,650.86
131 $114,650.86 $599.54 $0.00 $648.25 $115,898.65
132 $115,898.65 $599.54 $0.00 $655.31 $117,153.50
133 $117,153.50 $599.54 $0.00 $662.40 $118,415.44
134 $118,415.44 $599.54 $0.00 $669.54 $119,684.52
135 $119,684.52 $599.54 $0.00 $676.71 $120,960.77
136 $120,960.77 $599.54 $0.00 $683.93 $122,244.24
137 $122,244.24 $599.54 $0.00 $691.19 $123,534.97
138 $123,534.97 $599.54 $0.00 $698.48 $124,832.99
139 $124,832.99 $599.54 $0.00 $705.82 $126,138.35
140 $126,138.35 $599.54 $0.00 $713.20 $127,451.09
141 $127,451.09 $599.54 $0.00 $720.63 $128,771.26
142 $128,771.26 $599.54 $0.00 $728.09 $130,098.89
143 $130,098.89 $599.54 $0.00 $735.60 $131,434.03
144 $131,434.03 $599.54 $0.00 $743.15 $132,776.72
145 $132,776.72 $599.54 $0.00 $750.74 $134,127.00
146 $134,127.00 $599.54 $0.00 $758.37 $135,484.91
147 $135,484.91 $599.54 $0.00 $766.05 $136,850.50
148 $136,850.50 $599.54 $0.00 $773.77 $138,223.81
149 $138,223.81 $599.54 $0.00 $781.54 $139,604.89
150 $139,604.89 $599.54 $0.00 $789.35 $140,993.78
151 $140,993.78 $599.54 $0.00 $797.20 $142,390.52
152 $142,390.52 $599.54 $0.00 $805.10 $143,795.16
153 $143,795.16 $599.54 $0.00 $813.04 $145,207.74
154 $145,207.74 $599.54 $0.00 $821.03 $146,628.31
155 $146,628.31 $599.54 $0.00 $829.06 $148,056.91
156 $148,056.91 $599.54 $0.00 $837.14 $149,493.59
157 $149,493.59 $599.54 $0.00 $845.26 $150,938.39
158 $150,938.39 $599.54 $0.00 $853.43 $152,391.36
159 $152,391.36 $599.54 $0.00 $861.64 $153,852.54
160 $153,852.54 $599.54 $0.00 $869.90 $155,321.98
161 $155,321.98 $599.54 $0.00 $878.21 $156,799.73
162 $156,799.73 $599.54 $0.00 $886.57 $158,285.84
163 $158,285.84 $599.54 $0.00 $894.97 $159,780.35
164 $159,780.35 $599.54 $0.00 $903.42 $161,283.31
165 $161,283.31 $599.54 $0.00 $911.92 $162,794.77
166 $162,794.77 $599.54 $0.00 $920.47 $164,314.78
167 $164,314.78 $599.54 $0.00 $929.06 $165,843.38
168 $165,843.38 $599.54 $0.00 $937.70 $167,380.62
169 $167,380.62 $599.54 $0.00 $946.39 $168,926.55
170 $168,926.55 $599.54 $0.00 $955.14 $170,481.23
171 $170,481.23 $599.54 $0.00 $963.93 $172,044.70
172 $172,044.70 $599.54 $0.00 $972.77 $173,617.01
173 $173,617.01 $599.54 $0.00 $981.66 $175,198.21
174 $175,198.21 $599.54 $0.00 $990.60 $176,788.35
175 $176,788.35 $599.54 $0.00 $999.59 $178,387.48
176 $178,387.48 $599.54 $0.00 $1,008.63 $179,995.65
177 $179,995.65 $599.54 $0.00 $1,017.72 $181,612.91
178 $181,612.91 $599.54 $0.00 $1,026.87 $183,239.32
179 $183,239.32 $599.54 $0.00 $1,036.06 $184,874.92
180 $184,874.92 $599.54 $0.00 $1,045.31 $186,519.77
181 $186,519.77 $599.54 $0.00 $1,054.61 $188,173.92
182 $188,173.92 $599.54 $0.00 $1,063.96 $189,837.42
183 $189,837.42 $599.54 $0.00 $1,073.37 $191,510.33
184 $191,510.33 $599.54 $0.00 $1,082.83 $193,192.70
185 $193,192.70 $599.54 $0.00 $1,092.34 $194,884.58
186 $194,884.58 $599.54 $0.00 $1,101.91 $196,586.03
187 $196,586.03 $599.54 $0.00 $1,111.53 $198,297.10
188 $198,297.10 $599.54 $0.00 $1,121.20 $200,017.84
189 $200,017.84 $599.54 $0.00 $1,130.93 $201,748.31
190 $201,748.31 $599.54 $0.00 $1,140.71 $203,488.56
191 $203,488.56 $599.54 $0.00 $1,150.55 $205,238.65
192 $205,238.65 $599.54 $0.00 $1,160.45 $206,998.64
193 $206,998.64 $599.54 $0.00 $1,170.40 $208,768.58
194 $208,768.58 $599.54 $0.00 $1,180.41 $210,548.53
195 $210,548.53 $599.54 $0.00 $1,190.47 $212,338.54
196 $212,338.54 $599.54 $0.00 $1,200.59 $214,138.67
197 $214,138.67 $599.54 $0.00 $1,210.77 $215,948.98
198 $215,948.98 $599.54 $0.00 $1,221.01 $217,769.53
199 $217,769.53 $599.54 $0.00 $1,231.30 $219,600.37
200 $219,600.37 $599.54 $0.00 $1,241.65 $221,441.56
201 $221,441.56 $599.54 $0.00 $1,252.06 $223,293.16
202 $223,293.16 $599.54 $0.00 $1,262.53 $225,155.23
203 $225,155.23 $599.54 $0.00 $1,273.06 $227,027.83
204 $227,027.83 $599.54 $0.00 $1,283.65 $228,911.02
205 $228,911.02 $599.54 $0.00 $1,294.30 $230,804.86
206 $230,804.86 $599.54 $0.00 $1,305.00 $232,709.40
207 $232,709.40 $599.54 $0.00 $1,315.77 $234,624.71
208 $234,624.71 $599.54 $0.00 $1,326.60 $236,550.85
209 $236,550.85 $599.54 $0.00 $1,337.49 $238,487.88
210 $238,487.88 $599.54 $0.00 $1,348.45 $240,435.87
211 $240,435.87 $599.54 $0.00 $1,359.46 $242,394.87
212 $242,394.87 $599.54 $0.00 $1,370.54 $244,364.95
213 $244,364.95 $599.54 $0.00 $1,381.67 $246,346.16
214 $246,346.16 $599.54 $0.00 $1,392.88 $248,338.58
215 $248,338.58 $599.54 $0.00 $1,404.14 $250,342.26
216 $250,342.26 $599.54 $0.00 $1,415.47 $252,357.27
217 $252,357.27 $599.54 $70,290.13 $1,426.86 $184,093.54
218 $184,093.54 $599.54 $0.00 $1,040.89 $185,733.97
219 $185,733.97 $599.54 $0.00 $1,050.17 $187,383.68
220 $187,383.68 $599.54 $0.00 $1,059.49 $189,042.71
221 $189,042.71 $599.54 $0.00 $1,068.87 $190,711.12
222 $190,711.12 $599.54 $0.00 $1,078.31 $192,388.97
223 $192,388.97 $599.54 $0.00 $1,087.80 $194,076.31
224 $194,076.31 $599.54 $0.00 $1,097.34 $195,773.19
225 $195,773.19 $599.54 $0.00 $1,106.93 $197,479.66
226 $197,479.66 $599.54 $0.00 $1,116.58 $199,195.78
227 $199,195.78 $599.54 $0.00 $1,126.28 $200,921.60
228 $200,921.60 $599.54 $0.00 $1,136.04 $202,657.18
229 $202,657.18 $599.54 $73,804.63 $1,145.85 $130,597.94
230 $130,597.94 $599.54 $0.00 $738.42 $131,935.90
231 $131,935.90 $599.54 $0.00 $745.98 $133,281.42
232 $133,281.42 $599.54 $0.00 $753.59 $134,634.55
233 $134,634.55 $599.54 $0.00 $761.24 $135,995.33
234 $135,995.33 $599.54 $0.00 $768.94 $137,363.81
235 $137,363.81 $599.54 $0.00 $776.67 $138,740.02
236 $138,740.02 $599.54 $0.00 $784.46 $140,124.02
237 $140,124.02 $599.54 $0.00 $792.28 $141,515.84
238 $141,515.84 $599.54 $0.00 $800.15 $142,915.53
239 $142,915.53 $599.54 $0.00 $808.07 $144,323.14
240 $144,323.14 $599.54 $0.00 $816.02 $145,738.70
241 $145,738.70 $599.54 $77,494.87 $824.03 $69,667.40
242 $69,667.40 $599.54 $0.00 $393.91 $70,660.85
243 $70,660.85 $599.54 $0.00 $399.53 $71,659.92
244 $71,659.92 $599.54 $0.00 $405.18 $72,664.64
245 $72,664.64 $599.54 $0.00 $410.86 $73,675.04
246 $73,675.04 $599.54 $0.00 $416.57 $74,691.15
247 $74,691.15 $599.54 $0.00 $422.31 $75,713.00
248 $75,713.00 $599.54 $0.00 $428.09 $76,740.63
249 $76,740.63 $599.54 $0.00 $433.90 $77,774.07
250 $77,774.07 $599.54 $0.00 $439.75 $78,813.36
251 $78,813.36 $599.54 $0.00 $445.62 $79,858.52
252 $79,858.52 $599.54 $0.00 $451.53 $80,909.59
253 $80,909.59 $0.00 $81,369.61 $457.47 ($2.55)