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 2042$89,215
Monthly savings required$705

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 $356,859.48 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $705.09 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$23,780.00
Years until enrollment18
Annual Tuition Increase7%
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 $705.09 $0.00 $0.00 $705.09
2 $705.09 $705.09 $0.00 $3.99 $1,414.17
3 $1,414.17 $705.09 $0.00 $8.00 $2,127.26
4 $2,127.26 $705.09 $0.00 $12.03 $2,844.38
5 $2,844.38 $705.09 $0.00 $16.08 $3,565.55
6 $3,565.55 $705.09 $0.00 $20.16 $4,290.80
7 $4,290.80 $705.09 $0.00 $24.26 $5,020.15
8 $5,020.15 $705.09 $0.00 $28.38 $5,753.62
9 $5,753.62 $705.09 $0.00 $32.53 $6,491.24
10 $6,491.24 $705.09 $0.00 $36.70 $7,233.03
11 $7,233.03 $705.09 $0.00 $40.90 $7,979.02
12 $7,979.02 $705.09 $0.00 $45.11 $8,729.22
13 $8,729.22 $705.09 $0.00 $49.36 $9,483.67
14 $9,483.67 $705.09 $0.00 $53.62 $10,242.38
15 $10,242.38 $705.09 $0.00 $57.91 $11,005.38
16 $11,005.38 $705.09 $0.00 $62.23 $11,772.70
17 $11,772.70 $705.09 $0.00 $66.56 $12,544.35
18 $12,544.35 $705.09 $0.00 $70.93 $13,320.37
19 $13,320.37 $705.09 $0.00 $75.32 $14,100.78
20 $14,100.78 $705.09 $0.00 $79.73 $14,885.60
21 $14,885.60 $705.09 $0.00 $84.17 $15,674.86
22 $15,674.86 $705.09 $0.00 $88.63 $16,468.58
23 $16,468.58 $705.09 $0.00 $93.12 $17,266.79
24 $17,266.79 $705.09 $0.00 $97.63 $18,069.51
25 $18,069.51 $705.09 $0.00 $102.17 $18,876.77
26 $18,876.77 $705.09 $0.00 $106.73 $19,688.59
27 $19,688.59 $705.09 $0.00 $111.32 $20,505.00
28 $20,505.00 $705.09 $0.00 $115.94 $21,326.03
29 $21,326.03 $705.09 $0.00 $120.58 $22,151.70
30 $22,151.70 $705.09 $0.00 $125.25 $22,982.04
31 $22,982.04 $705.09 $0.00 $129.94 $23,817.07
32 $23,817.07 $705.09 $0.00 $134.67 $24,656.83
33 $24,656.83 $705.09 $0.00 $139.41 $25,501.33
34 $25,501.33 $705.09 $0.00 $144.19 $26,350.61
35 $26,350.61 $705.09 $0.00 $148.99 $27,204.69
36 $27,204.69 $705.09 $0.00 $153.82 $28,063.60
37 $28,063.60 $705.09 $0.00 $158.68 $28,927.37
38 $28,927.37 $705.09 $0.00 $163.56 $29,796.02
39 $29,796.02 $705.09 $0.00 $168.47 $30,669.58
40 $30,669.58 $705.09 $0.00 $173.41 $31,548.08
41 $31,548.08 $705.09 $0.00 $178.38 $32,431.55
42 $32,431.55 $705.09 $0.00 $183.37 $33,320.01
43 $33,320.01 $705.09 $0.00 $188.40 $34,213.50
44 $34,213.50 $705.09 $0.00 $193.45 $35,112.04
45 $35,112.04 $705.09 $0.00 $198.53 $36,015.66
46 $36,015.66 $705.09 $0.00 $203.64 $36,924.39
47 $36,924.39 $705.09 $0.00 $208.78 $37,838.26
48 $37,838.26 $705.09 $0.00 $213.94 $38,757.29
49 $38,757.29 $705.09 $0.00 $219.14 $39,681.52
50 $39,681.52 $705.09 $0.00 $224.37 $40,610.98
51 $40,610.98 $705.09 $0.00 $229.62 $41,545.69
52 $41,545.69 $705.09 $0.00 $234.91 $42,485.69
53 $42,485.69 $705.09 $0.00 $240.22 $43,431.00
54 $43,431.00 $705.09 $0.00 $245.57 $44,381.66
55 $44,381.66 $705.09 $0.00 $250.94 $45,337.69
56 $45,337.69 $705.09 $0.00 $256.35 $46,299.13
57 $46,299.13 $705.09 $0.00 $261.78 $47,266.00
58 $47,266.00 $705.09 $0.00 $267.25 $48,238.34
59 $48,238.34 $705.09 $0.00 $272.75 $49,216.18
60 $49,216.18 $705.09 $0.00 $278.28 $50,199.55
61 $50,199.55 $705.09 $0.00 $283.84 $51,188.48
62 $51,188.48 $705.09 $0.00 $289.43 $52,183.00
63 $52,183.00 $705.09 $0.00 $295.05 $53,183.14
64 $53,183.14 $705.09 $0.00 $300.71 $54,188.94
65 $54,188.94 $705.09 $0.00 $306.39 $55,200.42
66 $55,200.42 $705.09 $0.00 $312.11 $56,217.62
67 $56,217.62 $705.09 $0.00 $317.86 $57,240.57
68 $57,240.57 $705.09 $0.00 $323.65 $58,269.31
69 $58,269.31 $705.09 $0.00 $329.46 $59,303.86
70 $59,303.86 $705.09 $0.00 $335.31 $60,344.26
71 $60,344.26 $705.09 $0.00 $341.20 $61,390.55
72 $61,390.55 $705.09 $0.00 $347.11 $62,442.75
73 $62,442.75 $705.09 $0.00 $353.06 $63,500.90
74 $63,500.90 $705.09 $0.00 $359.04 $64,565.03
75 $64,565.03 $705.09 $0.00 $365.06 $65,635.18
76 $65,635.18 $705.09 $0.00 $371.11 $66,711.38
77 $66,711.38 $705.09 $0.00 $377.20 $67,793.67
78 $67,793.67 $705.09 $0.00 $383.32 $68,882.08
79 $68,882.08 $705.09 $0.00 $389.47 $69,976.64
80 $69,976.64 $705.09 $0.00 $395.66 $71,077.39
81 $71,077.39 $705.09 $0.00 $401.88 $72,184.36
82 $72,184.36 $705.09 $0.00 $408.14 $73,297.59
83 $73,297.59 $705.09 $0.00 $414.44 $74,417.12
84 $74,417.12 $705.09 $0.00 $420.77 $75,542.98
85 $75,542.98 $705.09 $0.00 $427.13 $76,675.20
86 $76,675.20 $705.09 $0.00 $433.53 $77,813.82
87 $77,813.82 $705.09 $0.00 $439.97 $78,958.88
88 $78,958.88 $705.09 $0.00 $446.44 $80,110.41
89 $80,110.41 $705.09 $0.00 $452.96 $81,268.46
90 $81,268.46 $705.09 $0.00 $459.50 $82,433.05
91 $82,433.05 $705.09 $0.00 $466.09 $83,604.23
92 $83,604.23 $705.09 $0.00 $472.71 $84,782.03
93 $84,782.03 $705.09 $0.00 $479.37 $85,966.49
94 $85,966.49 $705.09 $0.00 $486.07 $87,157.65
95 $87,157.65 $705.09 $0.00 $492.80 $88,355.54
96 $88,355.54 $705.09 $0.00 $499.58 $89,560.21
97 $89,560.21 $705.09 $0.00 $506.39 $90,771.69
98 $90,771.69 $705.09 $0.00 $513.24 $91,990.02
99 $91,990.02 $705.09 $0.00 $520.12 $93,215.23
100 $93,215.23 $705.09 $0.00 $527.05 $94,447.37
101 $94,447.37 $705.09 $0.00 $534.02 $95,686.48
102 $95,686.48 $705.09 $0.00 $541.03 $96,932.60
103 $96,932.60 $705.09 $0.00 $548.07 $98,185.76
104 $98,185.76 $705.09 $0.00 $555.16 $99,446.01
105 $99,446.01 $705.09 $0.00 $562.28 $100,713.38
106 $100,713.38 $705.09 $0.00 $569.45 $101,987.92
107 $101,987.92 $705.09 $0.00 $576.65 $103,269.66
108 $103,269.66 $705.09 $0.00 $583.90 $104,558.65
109 $104,558.65 $705.09 $0.00 $591.19 $105,854.93
110 $105,854.93 $705.09 $0.00 $598.52 $107,158.54
111 $107,158.54 $705.09 $0.00 $605.89 $108,469.52
112 $108,469.52 $705.09 $0.00 $613.30 $109,787.91
113 $109,787.91 $705.09 $0.00 $620.76 $111,113.76
114 $111,113.76 $705.09 $0.00 $628.25 $112,447.10
115 $112,447.10 $705.09 $0.00 $635.79 $113,787.98
116 $113,787.98 $705.09 $0.00 $643.37 $115,136.44
117 $115,136.44 $705.09 $0.00 $651.00 $116,492.53
118 $116,492.53 $705.09 $0.00 $658.67 $117,856.29
119 $117,856.29 $705.09 $0.00 $666.38 $119,227.76
120 $119,227.76 $705.09 $0.00 $674.13 $120,606.98
121 $120,606.98 $705.09 $0.00 $681.93 $121,994.00
122 $121,994.00 $705.09 $0.00 $689.77 $123,388.86
123 $123,388.86 $705.09 $0.00 $697.66 $124,791.61
124 $124,791.61 $705.09 $0.00 $705.59 $126,202.29
125 $126,202.29 $705.09 $0.00 $713.57 $127,620.95
126 $127,620.95 $705.09 $0.00 $721.59 $129,047.63
127 $129,047.63 $705.09 $0.00 $729.65 $130,482.37
128 $130,482.37 $705.09 $0.00 $737.77 $131,925.23
129 $131,925.23 $705.09 $0.00 $745.92 $133,376.24
130 $133,376.24 $705.09 $0.00 $754.13 $134,835.46
131 $134,835.46 $705.09 $0.00 $762.38 $136,302.93
132 $136,302.93 $705.09 $0.00 $770.68 $137,778.70
133 $137,778.70 $705.09 $0.00 $779.02 $139,262.81
134 $139,262.81 $705.09 $0.00 $787.41 $140,755.31
135 $140,755.31 $705.09 $0.00 $795.85 $142,256.25
136 $142,256.25 $705.09 $0.00 $804.34 $143,765.68
137 $143,765.68 $705.09 $0.00 $812.87 $145,283.64
138 $145,283.64 $705.09 $0.00 $821.45 $146,810.18
139 $146,810.18 $705.09 $0.00 $830.09 $148,345.36
140 $148,345.36 $705.09 $0.00 $838.77 $149,889.22
141 $149,889.22 $705.09 $0.00 $847.50 $151,441.81
142 $151,441.81 $705.09 $0.00 $856.27 $153,003.17
143 $153,003.17 $705.09 $0.00 $865.10 $154,573.36
144 $154,573.36 $705.09 $0.00 $873.98 $156,152.43
145 $156,152.43 $705.09 $0.00 $882.91 $157,740.43
146 $157,740.43 $705.09 $0.00 $891.89 $159,337.41
147 $159,337.41 $705.09 $0.00 $900.92 $160,943.42
148 $160,943.42 $705.09 $0.00 $910.00 $162,558.51
149 $162,558.51 $705.09 $0.00 $919.13 $164,182.73
150 $164,182.73 $705.09 $0.00 $928.31 $165,816.13
151 $165,816.13 $705.09 $0.00 $937.55 $167,458.77
152 $167,458.77 $705.09 $0.00 $946.84 $169,110.70
153 $169,110.70 $705.09 $0.00 $956.18 $170,771.97
154 $170,771.97 $705.09 $0.00 $965.57 $172,442.63
155 $172,442.63 $705.09 $0.00 $975.02 $174,122.74
156 $174,122.74 $705.09 $0.00 $984.52 $175,812.35
157 $175,812.35 $705.09 $0.00 $994.07 $177,511.51
158 $177,511.51 $705.09 $0.00 $1,003.68 $179,220.28
159 $179,220.28 $705.09 $0.00 $1,013.34 $180,938.71
160 $180,938.71 $705.09 $0.00 $1,023.05 $182,666.85
161 $182,666.85 $705.09 $0.00 $1,032.82 $184,404.76
162 $184,404.76 $705.09 $0.00 $1,042.65 $186,152.50
163 $186,152.50 $705.09 $0.00 $1,052.53 $187,910.12
164 $187,910.12 $705.09 $0.00 $1,062.47 $189,677.68
165 $189,677.68 $705.09 $0.00 $1,072.47 $191,455.24
166 $191,455.24 $705.09 $0.00 $1,082.52 $193,242.85
167 $193,242.85 $705.09 $0.00 $1,092.62 $195,040.56
168 $195,040.56 $705.09 $0.00 $1,102.79 $196,848.44
169 $196,848.44 $705.09 $0.00 $1,113.01 $198,666.54
170 $198,666.54 $705.09 $0.00 $1,123.29 $200,494.92
171 $200,494.92 $705.09 $0.00 $1,133.63 $202,333.64
172 $202,333.64 $705.09 $0.00 $1,144.02 $204,182.75
173 $204,182.75 $705.09 $0.00 $1,154.48 $206,042.32
174 $206,042.32 $705.09 $0.00 $1,164.99 $207,912.40
175 $207,912.40 $705.09 $0.00 $1,175.57 $209,793.06
176 $209,793.06 $705.09 $0.00 $1,186.20 $211,684.35
177 $211,684.35 $705.09 $0.00 $1,196.89 $213,586.33
178 $213,586.33 $705.09 $0.00 $1,207.65 $215,499.07
179 $215,499.07 $705.09 $0.00 $1,218.46 $217,422.62
180 $217,422.62 $705.09 $0.00 $1,229.34 $219,357.05
181 $219,357.05 $705.09 $0.00 $1,240.28 $221,302.42
182 $221,302.42 $705.09 $0.00 $1,251.28 $223,258.79
183 $223,258.79 $705.09 $0.00 $1,262.34 $225,226.22
184 $225,226.22 $705.09 $0.00 $1,273.46 $227,204.77
185 $227,204.77 $705.09 $0.00 $1,284.65 $229,194.51
186 $229,194.51 $705.09 $0.00 $1,295.90 $231,195.50
187 $231,195.50 $705.09 $0.00 $1,307.21 $233,207.80
188 $233,207.80 $705.09 $0.00 $1,318.59 $235,231.48
189 $235,231.48 $705.09 $0.00 $1,330.03 $237,266.60
190 $237,266.60 $705.09 $0.00 $1,341.54 $239,313.23
191 $239,313.23 $705.09 $0.00 $1,353.11 $241,371.43
192 $241,371.43 $705.09 $0.00 $1,364.75 $243,441.27
193 $243,441.27 $705.09 $0.00 $1,376.45 $245,522.81
194 $245,522.81 $705.09 $0.00 $1,388.22 $247,616.12
195 $247,616.12 $705.09 $0.00 $1,400.06 $249,721.27
196 $249,721.27 $705.09 $0.00 $1,411.96 $251,838.32
197 $251,838.32 $705.09 $0.00 $1,423.93 $253,967.34
198 $253,967.34 $705.09 $0.00 $1,435.97 $256,108.40
199 $256,108.40 $705.09 $0.00 $1,448.07 $258,261.56
200 $258,261.56 $705.09 $0.00 $1,460.25 $260,426.90
201 $260,426.90 $705.09 $0.00 $1,472.49 $262,604.48
202 $262,604.48 $705.09 $0.00 $1,484.80 $264,794.37
203 $264,794.37 $705.09 $0.00 $1,497.19 $266,996.65
204 $266,996.65 $705.09 $0.00 $1,509.64 $269,211.38
205 $269,211.38 $705.09 $0.00 $1,522.16 $271,438.63
206 $271,438.63 $705.09 $0.00 $1,534.75 $273,678.47
207 $273,678.47 $705.09 $0.00 $1,547.42 $275,930.98
208 $275,930.98 $705.09 $0.00 $1,560.15 $278,196.22
209 $278,196.22 $705.09 $0.00 $1,572.96 $280,474.27
210 $280,474.27 $705.09 $0.00 $1,585.84 $282,765.20
211 $282,765.20 $705.09 $0.00 $1,598.80 $285,069.09
212 $285,069.09 $705.09 $0.00 $1,611.82 $287,386.00
213 $287,386.00 $705.09 $0.00 $1,624.92 $289,716.01
214 $289,716.01 $705.09 $0.00 $1,638.10 $292,059.20
215 $292,059.20 $705.09 $0.00 $1,651.35 $294,415.64
216 $294,415.64 $705.09 $0.00 $1,664.67 $296,785.40
217 $296,785.40 $705.09 $80,374.79 $1,678.07 $218,793.77
218 $218,793.77 $705.09 $0.00 $1,237.09 $220,735.95
219 $220,735.95 $705.09 $0.00 $1,248.07 $222,689.11
220 $222,689.11 $705.09 $0.00 $1,259.12 $224,653.32
221 $224,653.32 $705.09 $0.00 $1,270.22 $226,628.63
222 $226,628.63 $705.09 $0.00 $1,281.39 $228,615.11
223 $228,615.11 $705.09 $0.00 $1,292.62 $230,612.82
224 $230,612.82 $705.09 $0.00 $1,303.92 $232,621.83
225 $232,621.83 $705.09 $0.00 $1,315.28 $234,642.20
226 $234,642.20 $705.09 $0.00 $1,326.70 $236,673.99
227 $236,673.99 $705.09 $0.00 $1,338.19 $238,717.27
228 $238,717.27 $705.09 $0.00 $1,349.74 $240,772.10
229 $240,772.10 $705.09 $86,001.02 $1,361.36 $156,837.53
230 $156,837.53 $705.09 $0.00 $886.78 $158,429.40
231 $158,429.40 $705.09 $0.00 $895.78 $160,030.27
232 $160,030.27 $705.09 $0.00 $904.83 $161,640.19
233 $161,640.19 $705.09 $0.00 $913.94 $163,259.22
234 $163,259.22 $705.09 $0.00 $923.09 $164,887.40
235 $164,887.40 $705.09 $0.00 $932.30 $166,524.79
236 $166,524.79 $705.09 $0.00 $941.56 $168,171.44
237 $168,171.44 $705.09 $0.00 $950.87 $169,827.40
238 $169,827.40 $705.09 $0.00 $960.23 $171,492.72
239 $171,492.72 $705.09 $0.00 $969.64 $173,167.45
240 $173,167.45 $705.09 $0.00 $979.11 $174,851.65
241 $174,851.65 $705.09 $92,021.10 $988.64 $84,524.28
242 $84,524.28 $705.09 $0.00 $477.91 $85,707.28
243 $85,707.28 $705.09 $0.00 $484.60 $86,896.97
244 $86,896.97 $705.09 $0.00 $491.33 $88,093.39
245 $88,093.39 $705.09 $0.00 $498.09 $89,296.57
246 $89,296.57 $705.09 $0.00 $504.90 $90,506.56
247 $90,506.56 $705.09 $0.00 $511.74 $91,723.39
248 $91,723.39 $705.09 $0.00 $518.62 $92,947.10
249 $92,947.10 $705.09 $0.00 $525.54 $94,177.73
250 $94,177.73 $705.09 $0.00 $532.49 $95,415.31
251 $95,415.31 $705.09 $0.00 $539.49 $96,659.89
252 $96,659.89 $705.09 $0.00 $546.53 $97,911.51
253 $97,911.51 $0.00 $98,462.57 $553.61 $2.55