Savings Plan and Future Cost Estimation for Florida State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$58,207
Monthly savings required$461

How much will it cost to send your child to Florida State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $232,828.54 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $460.75 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$22,446.00
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 $460.75 $0.00 $0.00 $460.75
2 $460.75 $460.75 $0.00 $2.61 $924.11
3 $924.11 $460.75 $0.00 $5.23 $1,390.09
4 $1,390.09 $460.75 $0.00 $7.86 $1,858.70
5 $1,858.70 $460.75 $0.00 $10.51 $2,329.96
6 $2,329.96 $460.75 $0.00 $13.17 $2,803.88
7 $2,803.88 $460.75 $0.00 $15.85 $3,280.48
8 $3,280.48 $460.75 $0.00 $18.55 $3,759.78
9 $3,759.78 $460.75 $0.00 $21.26 $4,241.79
10 $4,241.79 $460.75 $0.00 $23.98 $4,726.52
11 $4,726.52 $460.75 $0.00 $26.72 $5,213.99
12 $5,213.99 $460.75 $0.00 $29.48 $5,704.22
13 $5,704.22 $460.75 $0.00 $32.25 $6,197.22
14 $6,197.22 $460.75 $0.00 $35.04 $6,693.01
15 $6,693.01 $460.75 $0.00 $37.84 $7,191.60
16 $7,191.60 $460.75 $0.00 $40.66 $7,693.01
17 $7,693.01 $460.75 $0.00 $43.50 $8,197.26
18 $8,197.26 $460.75 $0.00 $46.35 $8,704.36
19 $8,704.36 $460.75 $0.00 $49.22 $9,214.33
20 $9,214.33 $460.75 $0.00 $52.10 $9,727.18
21 $9,727.18 $460.75 $0.00 $55.00 $10,242.93
22 $10,242.93 $460.75 $0.00 $57.92 $10,761.60
23 $10,761.60 $460.75 $0.00 $60.85 $11,283.20
24 $11,283.20 $460.75 $0.00 $63.80 $11,807.75
25 $11,807.75 $460.75 $0.00 $66.76 $12,335.26
26 $12,335.26 $460.75 $0.00 $69.75 $12,865.76
27 $12,865.76 $460.75 $0.00 $72.74 $13,399.25
28 $13,399.25 $460.75 $0.00 $75.76 $13,935.76
29 $13,935.76 $460.75 $0.00 $78.79 $14,475.30
30 $14,475.30 $460.75 $0.00 $81.85 $15,017.90
31 $15,017.90 $460.75 $0.00 $84.91 $15,563.56
32 $15,563.56 $460.75 $0.00 $88.00 $16,112.31
33 $16,112.31 $460.75 $0.00 $91.10 $16,664.16
34 $16,664.16 $460.75 $0.00 $94.22 $17,219.13
35 $17,219.13 $460.75 $0.00 $97.36 $17,777.24
36 $17,777.24 $460.75 $0.00 $100.52 $18,338.51
37 $18,338.51 $460.75 $0.00 $103.69 $18,902.95
38 $18,902.95 $460.75 $0.00 $106.88 $19,470.58
39 $19,470.58 $460.75 $0.00 $110.09 $20,041.42
40 $20,041.42 $460.75 $0.00 $113.32 $20,615.49
41 $20,615.49 $460.75 $0.00 $116.56 $21,192.80
42 $21,192.80 $460.75 $0.00 $119.83 $21,773.38
43 $21,773.38 $460.75 $0.00 $123.11 $22,357.24
44 $22,357.24 $460.75 $0.00 $126.41 $22,944.40
45 $22,944.40 $460.75 $0.00 $129.73 $23,534.88
46 $23,534.88 $460.75 $0.00 $133.07 $24,128.70
47 $24,128.70 $460.75 $0.00 $136.43 $24,725.88
48 $24,725.88 $460.75 $0.00 $139.80 $25,326.43
49 $25,326.43 $460.75 $0.00 $143.20 $25,930.38
50 $25,930.38 $460.75 $0.00 $146.61 $26,537.74
51 $26,537.74 $460.75 $0.00 $150.05 $27,148.54
52 $27,148.54 $460.75 $0.00 $153.50 $27,762.79
53 $27,762.79 $460.75 $0.00 $156.97 $28,380.51
54 $28,380.51 $460.75 $0.00 $160.47 $29,001.73
55 $29,001.73 $460.75 $0.00 $163.98 $29,626.46
56 $29,626.46 $460.75 $0.00 $167.51 $30,254.72
57 $30,254.72 $460.75 $0.00 $171.06 $30,886.53
58 $30,886.53 $460.75 $0.00 $174.64 $31,521.92
59 $31,521.92 $460.75 $0.00 $178.23 $32,160.90
60 $32,160.90 $460.75 $0.00 $181.84 $32,803.49
61 $32,803.49 $460.75 $0.00 $185.48 $33,449.72
62 $33,449.72 $460.75 $0.00 $189.13 $34,099.60
63 $34,099.60 $460.75 $0.00 $192.80 $34,753.15
64 $34,753.15 $460.75 $0.00 $196.50 $35,410.40
65 $35,410.40 $460.75 $0.00 $200.22 $36,071.37
66 $36,071.37 $460.75 $0.00 $203.95 $36,736.07
67 $36,736.07 $460.75 $0.00 $207.71 $37,404.53
68 $37,404.53 $460.75 $0.00 $211.49 $38,076.77
69 $38,076.77 $460.75 $0.00 $215.29 $38,752.81
70 $38,752.81 $460.75 $0.00 $219.11 $39,432.67
71 $39,432.67 $460.75 $0.00 $222.96 $40,116.38
72 $40,116.38 $460.75 $0.00 $226.82 $40,803.95
73 $40,803.95 $460.75 $0.00 $230.71 $41,495.41
74 $41,495.41 $460.75 $0.00 $234.62 $42,190.78
75 $42,190.78 $460.75 $0.00 $238.55 $42,890.08
76 $42,890.08 $460.75 $0.00 $242.51 $43,593.34
77 $43,593.34 $460.75 $0.00 $246.48 $44,300.57
78 $44,300.57 $460.75 $0.00 $250.48 $45,011.80
79 $45,011.80 $460.75 $0.00 $254.50 $45,727.05
80 $45,727.05 $460.75 $0.00 $258.55 $46,446.35
81 $46,446.35 $460.75 $0.00 $262.61 $47,169.71
82 $47,169.71 $460.75 $0.00 $266.70 $47,897.16
83 $47,897.16 $460.75 $0.00 $270.82 $48,628.73
84 $48,628.73 $460.75 $0.00 $274.95 $49,364.43
85 $49,364.43 $460.75 $0.00 $279.11 $50,104.29
86 $50,104.29 $460.75 $0.00 $283.30 $50,848.34
87 $50,848.34 $460.75 $0.00 $287.50 $51,596.59
88 $51,596.59 $460.75 $0.00 $291.73 $52,349.07
89 $52,349.07 $460.75 $0.00 $295.99 $53,105.81
90 $53,105.81 $460.75 $0.00 $300.27 $53,866.83
91 $53,866.83 $460.75 $0.00 $304.57 $54,632.15
92 $54,632.15 $460.75 $0.00 $308.90 $55,401.80
93 $55,401.80 $460.75 $0.00 $313.25 $56,175.80
94 $56,175.80 $460.75 $0.00 $317.63 $56,954.18
95 $56,954.18 $460.75 $0.00 $322.03 $57,736.96
96 $57,736.96 $460.75 $0.00 $326.45 $58,524.16
97 $58,524.16 $460.75 $0.00 $330.90 $59,315.81
98 $59,315.81 $460.75 $0.00 $335.38 $60,111.94
99 $60,111.94 $460.75 $0.00 $339.88 $60,912.57
100 $60,912.57 $460.75 $0.00 $344.41 $61,717.73
101 $61,717.73 $460.75 $0.00 $348.96 $62,527.44
102 $62,527.44 $460.75 $0.00 $353.54 $63,341.73
103 $63,341.73 $460.75 $0.00 $358.14 $64,160.62
104 $64,160.62 $460.75 $0.00 $362.77 $64,984.14
105 $64,984.14 $460.75 $0.00 $367.43 $65,812.32
106 $65,812.32 $460.75 $0.00 $372.11 $66,645.18
107 $66,645.18 $460.75 $0.00 $376.82 $67,482.75
108 $67,482.75 $460.75 $0.00 $381.56 $68,325.06
109 $68,325.06 $460.75 $0.00 $386.32 $69,172.13
110 $69,172.13 $460.75 $0.00 $391.11 $70,023.99
111 $70,023.99 $460.75 $0.00 $395.93 $70,880.67
112 $70,880.67 $460.75 $0.00 $400.77 $71,742.19
113 $71,742.19 $460.75 $0.00 $405.64 $72,608.58
114 $72,608.58 $460.75 $0.00 $410.54 $73,479.87
115 $73,479.87 $460.75 $0.00 $415.47 $74,356.09
116 $74,356.09 $460.75 $0.00 $420.42 $75,237.26
117 $75,237.26 $460.75 $0.00 $425.40 $76,123.41
118 $76,123.41 $460.75 $0.00 $430.41 $77,014.57
119 $77,014.57 $460.75 $0.00 $435.45 $77,910.77
120 $77,910.77 $460.75 $0.00 $440.52 $78,812.04
121 $78,812.04 $460.75 $0.00 $445.61 $79,718.40
122 $79,718.40 $460.75 $0.00 $450.74 $80,629.89
123 $80,629.89 $460.75 $0.00 $455.89 $81,546.53
124 $81,546.53 $460.75 $0.00 $461.08 $82,468.36
125 $82,468.36 $460.75 $0.00 $466.29 $83,395.40
126 $83,395.40 $460.75 $0.00 $471.53 $84,327.68
127 $84,327.68 $460.75 $0.00 $476.80 $85,265.23
128 $85,265.23 $460.75 $0.00 $482.10 $86,208.08
129 $86,208.08 $460.75 $0.00 $487.43 $87,156.26
130 $87,156.26 $460.75 $0.00 $492.79 $88,109.80
131 $88,109.80 $460.75 $0.00 $498.19 $89,068.74
132 $89,068.74 $460.75 $0.00 $503.61 $90,033.10
133 $90,033.10 $460.75 $0.00 $509.06 $91,002.91
134 $91,002.91 $460.75 $0.00 $514.54 $91,978.20
135 $91,978.20 $460.75 $0.00 $520.06 $92,959.01
136 $92,959.01 $460.75 $0.00 $525.60 $93,945.36
137 $93,945.36 $460.75 $0.00 $531.18 $94,937.29
138 $94,937.29 $460.75 $0.00 $536.79 $95,934.83
139 $95,934.83 $460.75 $0.00 $542.43 $96,938.01
140 $96,938.01 $460.75 $0.00 $548.10 $97,946.86
141 $97,946.86 $460.75 $0.00 $553.81 $98,961.42
142 $98,961.42 $460.75 $0.00 $559.54 $99,981.71
143 $99,981.71 $460.75 $0.00 $565.31 $101,007.77
144 $101,007.77 $460.75 $0.00 $571.11 $102,039.63
145 $102,039.63 $460.75 $0.00 $576.95 $103,077.33
146 $103,077.33 $460.75 $0.00 $582.81 $104,120.89
147 $104,120.89 $460.75 $0.00 $588.71 $105,170.35
148 $105,170.35 $460.75 $0.00 $594.65 $106,225.75
149 $106,225.75 $460.75 $0.00 $600.62 $107,287.12
150 $107,287.12 $460.75 $0.00 $606.62 $108,354.49
151 $108,354.49 $460.75 $0.00 $612.65 $109,427.89
152 $109,427.89 $460.75 $0.00 $618.72 $110,507.36
153 $110,507.36 $460.75 $0.00 $624.82 $111,592.93
154 $111,592.93 $460.75 $0.00 $630.96 $112,684.64
155 $112,684.64 $460.75 $0.00 $637.14 $113,782.53
156 $113,782.53 $460.75 $0.00 $643.34 $114,886.62
157 $114,886.62 $460.75 $0.00 $649.59 $115,996.96
158 $115,996.96 $460.75 $0.00 $655.86 $117,113.57
159 $117,113.57 $460.75 $0.00 $662.18 $118,236.50
160 $118,236.50 $460.75 $0.00 $668.53 $119,365.78
161 $119,365.78 $460.75 $0.00 $674.91 $120,501.44
162 $120,501.44 $460.75 $0.00 $681.33 $121,643.52
163 $121,643.52 $460.75 $0.00 $687.79 $122,792.06
164 $122,792.06 $460.75 $0.00 $694.28 $123,947.09
165 $123,947.09 $460.75 $0.00 $700.81 $125,108.65
166 $125,108.65 $460.75 $0.00 $707.38 $126,276.78
167 $126,276.78 $460.75 $0.00 $713.99 $127,451.52
168 $127,451.52 $460.75 $0.00 $720.63 $128,632.90
169 $128,632.90 $460.75 $0.00 $727.31 $129,820.96
170 $129,820.96 $460.75 $0.00 $734.03 $131,015.74
171 $131,015.74 $460.75 $0.00 $740.78 $132,217.27
172 $132,217.27 $460.75 $0.00 $747.58 $133,425.60
173 $133,425.60 $460.75 $0.00 $754.41 $134,640.76
174 $134,640.76 $460.75 $0.00 $761.28 $135,862.79
175 $135,862.79 $460.75 $0.00 $768.19 $137,091.73
176 $137,091.73 $460.75 $0.00 $775.14 $138,327.62
177 $138,327.62 $460.75 $0.00 $782.12 $139,570.49
178 $139,570.49 $460.75 $0.00 $789.15 $140,820.39
179 $140,820.39 $460.75 $0.00 $796.22 $142,077.36
180 $142,077.36 $460.75 $0.00 $803.33 $143,341.44
181 $143,341.44 $460.75 $0.00 $810.47 $144,612.66
182 $144,612.66 $460.75 $0.00 $817.66 $145,891.07
183 $145,891.07 $460.75 $0.00 $824.89 $147,176.71
184 $147,176.71 $460.75 $0.00 $832.16 $148,469.62
185 $148,469.62 $460.75 $0.00 $839.47 $149,769.84
186 $149,769.84 $460.75 $0.00 $846.82 $151,077.41
187 $151,077.41 $460.75 $0.00 $854.21 $152,392.37
188 $152,392.37 $460.75 $0.00 $861.65 $153,714.77
189 $153,714.77 $460.75 $0.00 $869.13 $155,044.65
190 $155,044.65 $460.75 $0.00 $876.64 $156,382.04
191 $156,382.04 $460.75 $0.00 $884.21 $157,727.00
192 $157,727.00 $460.75 $0.00 $891.81 $159,079.56
193 $159,079.56 $460.75 $0.00 $899.46 $160,439.77
194 $160,439.77 $460.75 $0.00 $907.15 $161,807.67
195 $161,807.67 $460.75 $0.00 $914.88 $163,183.30
196 $163,183.30 $460.75 $0.00 $922.66 $164,566.71
197 $164,566.71 $460.75 $0.00 $930.48 $165,957.94
198 $165,957.94 $460.75 $0.00 $938.35 $167,357.04
199 $167,357.04 $460.75 $0.00 $946.26 $168,764.05
200 $168,764.05 $460.75 $0.00 $954.22 $170,179.02
201 $170,179.02 $460.75 $0.00 $962.22 $171,601.99
202 $171,601.99 $460.75 $0.00 $970.26 $173,033.00
203 $173,033.00 $460.75 $0.00 $978.35 $174,472.10
204 $174,472.10 $460.75 $0.00 $986.49 $175,919.34
205 $175,919.34 $460.75 $0.00 $994.67 $177,374.76
206 $177,374.76 $460.75 $0.00 $1,002.90 $178,838.41
207 $178,838.41 $460.75 $0.00 $1,011.18 $180,310.34
208 $180,310.34 $460.75 $0.00 $1,019.50 $181,790.59
209 $181,790.59 $460.75 $0.00 $1,027.87 $183,279.21
210 $183,279.21 $460.75 $0.00 $1,036.29 $184,776.25
211 $184,776.25 $460.75 $0.00 $1,044.75 $186,281.75
212 $186,281.75 $460.75 $0.00 $1,053.26 $187,795.76
213 $187,795.76 $460.75 $0.00 $1,061.82 $189,318.33
214 $189,318.33 $460.75 $0.00 $1,070.43 $190,849.51
215 $190,849.51 $460.75 $0.00 $1,079.09 $192,389.35
216 $192,389.35 $460.75 $0.00 $1,087.80 $193,937.90
217 $193,937.90 $460.75 $54,018.98 $1,096.55 $141,476.22
218 $141,476.22 $460.75 $0.00 $799.93 $142,736.90
219 $142,736.90 $460.75 $0.00 $807.06 $144,004.71
220 $144,004.71 $460.75 $0.00 $814.22 $145,279.68
221 $145,279.68 $460.75 $0.00 $821.43 $146,561.86
222 $146,561.86 $460.75 $0.00 $828.68 $147,851.29
223 $147,851.29 $460.75 $0.00 $835.97 $149,148.01
224 $149,148.01 $460.75 $0.00 $843.30 $150,452.06
225 $150,452.06 $460.75 $0.00 $850.68 $151,763.49
226 $151,763.49 $460.75 $0.00 $858.09 $153,082.33
227 $153,082.33 $460.75 $0.00 $865.55 $154,408.63
228 $154,408.63 $460.75 $0.00 $873.05 $155,742.43
229 $155,742.43 $460.75 $56,719.92 $880.59 $100,363.85
230 $100,363.85 $460.75 $0.00 $567.47 $101,392.07
231 $101,392.07 $460.75 $0.00 $573.29 $102,426.11
232 $102,426.11 $460.75 $0.00 $579.13 $103,465.99
233 $103,465.99 $460.75 $0.00 $585.01 $104,511.75
234 $104,511.75 $460.75 $0.00 $590.92 $105,563.42
235 $105,563.42 $460.75 $0.00 $596.87 $106,621.04
236 $106,621.04 $460.75 $0.00 $602.85 $107,684.64
237 $107,684.64 $460.75 $0.00 $608.86 $108,754.25
238 $108,754.25 $460.75 $0.00 $614.91 $109,829.91
239 $109,829.91 $460.75 $0.00 $620.99 $110,911.65
240 $110,911.65 $460.75 $0.00 $627.11 $111,999.51
241 $111,999.51 $460.75 $59,555.92 $633.26 $53,537.60
242 $53,537.60 $460.75 $0.00 $302.71 $54,301.06
243 $54,301.06 $460.75 $0.00 $307.03 $55,068.84
244 $55,068.84 $460.75 $0.00 $311.37 $55,840.96
245 $55,840.96 $460.75 $0.00 $315.73 $56,617.44
246 $56,617.44 $460.75 $0.00 $320.12 $57,398.31
247 $57,398.31 $460.75 $0.00 $324.54 $58,183.60
248 $58,183.60 $460.75 $0.00 $328.98 $58,973.33
249 $58,973.33 $460.75 $0.00 $333.44 $59,767.52
250 $59,767.52 $460.75 $0.00 $337.93 $60,566.20
251 $60,566.20 $460.75 $0.00 $342.45 $61,369.40
252 $61,369.40 $460.75 $0.00 $346.99 $62,177.14
253 $62,177.14 $0.00 $62,533.72 $351.56 ($5.02)