Savings Plan and Future Cost Estimation for St. Thomas University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$130,817
Monthly savings required$1,036

How much will it cost to send your child to St. Thomas University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $523,267.77 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,035.53 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$50,446.00
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 $1,035.53 $0.00 $0.00 $1,035.53
2 $1,035.53 $1,035.53 $0.00 $5.86 $2,076.92
3 $2,076.92 $1,035.53 $0.00 $11.74 $3,124.19
4 $3,124.19 $1,035.53 $0.00 $17.66 $4,177.38
5 $4,177.38 $1,035.53 $0.00 $23.62 $5,236.53
6 $5,236.53 $1,035.53 $0.00 $29.61 $6,301.67
7 $6,301.67 $1,035.53 $0.00 $35.63 $7,372.83
8 $7,372.83 $1,035.53 $0.00 $41.69 $8,450.05
9 $8,450.05 $1,035.53 $0.00 $47.78 $9,533.36
10 $9,533.36 $1,035.53 $0.00 $53.90 $10,622.79
11 $10,622.79 $1,035.53 $0.00 $60.06 $11,718.38
12 $11,718.38 $1,035.53 $0.00 $66.26 $12,820.17
13 $12,820.17 $1,035.53 $0.00 $72.49 $13,928.19
14 $13,928.19 $1,035.53 $0.00 $78.75 $15,042.47
15 $15,042.47 $1,035.53 $0.00 $85.05 $16,163.05
16 $16,163.05 $1,035.53 $0.00 $91.39 $17,289.97
17 $17,289.97 $1,035.53 $0.00 $97.76 $18,423.26
18 $18,423.26 $1,035.53 $0.00 $104.17 $19,562.96
19 $19,562.96 $1,035.53 $0.00 $110.61 $20,709.10
20 $20,709.10 $1,035.53 $0.00 $117.09 $21,861.72
21 $21,861.72 $1,035.53 $0.00 $123.61 $23,020.86
22 $23,020.86 $1,035.53 $0.00 $130.16 $24,186.55
23 $24,186.55 $1,035.53 $0.00 $136.75 $25,358.83
24 $25,358.83 $1,035.53 $0.00 $143.38 $26,537.74
25 $26,537.74 $1,035.53 $0.00 $150.05 $27,723.32
26 $27,723.32 $1,035.53 $0.00 $156.75 $28,915.60
27 $28,915.60 $1,035.53 $0.00 $163.49 $30,114.62
28 $30,114.62 $1,035.53 $0.00 $170.27 $31,320.42
29 $31,320.42 $1,035.53 $0.00 $177.09 $32,533.04
30 $32,533.04 $1,035.53 $0.00 $183.95 $33,752.52
31 $33,752.52 $1,035.53 $0.00 $190.84 $34,978.89
32 $34,978.89 $1,035.53 $0.00 $197.78 $36,212.20
33 $36,212.20 $1,035.53 $0.00 $204.75 $37,452.48
34 $37,452.48 $1,035.53 $0.00 $211.76 $38,699.77
35 $38,699.77 $1,035.53 $0.00 $218.81 $39,954.11
36 $39,954.11 $1,035.53 $0.00 $225.91 $41,215.55
37 $41,215.55 $1,035.53 $0.00 $233.04 $42,484.12
38 $42,484.12 $1,035.53 $0.00 $240.21 $43,759.86
39 $43,759.86 $1,035.53 $0.00 $247.42 $45,042.81
40 $45,042.81 $1,035.53 $0.00 $254.68 $46,333.02
41 $46,333.02 $1,035.53 $0.00 $261.97 $47,630.52
42 $47,630.52 $1,035.53 $0.00 $269.31 $48,935.36
43 $48,935.36 $1,035.53 $0.00 $276.69 $50,247.58
44 $50,247.58 $1,035.53 $0.00 $284.11 $51,567.22
45 $51,567.22 $1,035.53 $0.00 $291.57 $52,894.32
46 $52,894.32 $1,035.53 $0.00 $299.07 $54,228.92
47 $54,228.92 $1,035.53 $0.00 $306.62 $55,571.07
48 $55,571.07 $1,035.53 $0.00 $314.21 $56,920.81
49 $56,920.81 $1,035.53 $0.00 $321.84 $58,278.18
50 $58,278.18 $1,035.53 $0.00 $329.51 $59,643.22
51 $59,643.22 $1,035.53 $0.00 $337.23 $61,015.98
52 $61,015.98 $1,035.53 $0.00 $344.99 $62,396.50
53 $62,396.50 $1,035.53 $0.00 $352.80 $63,784.83
54 $63,784.83 $1,035.53 $0.00 $360.65 $65,181.01
55 $65,181.01 $1,035.53 $0.00 $368.54 $66,585.08
56 $66,585.08 $1,035.53 $0.00 $376.48 $67,997.09
57 $67,997.09 $1,035.53 $0.00 $384.47 $69,417.09
58 $69,417.09 $1,035.53 $0.00 $392.49 $70,845.11
59 $70,845.11 $1,035.53 $0.00 $400.57 $72,281.21
60 $72,281.21 $1,035.53 $0.00 $408.69 $73,725.43
61 $73,725.43 $1,035.53 $0.00 $416.85 $75,177.81
62 $75,177.81 $1,035.53 $0.00 $425.07 $76,638.41
63 $76,638.41 $1,035.53 $0.00 $433.32 $78,107.26
64 $78,107.26 $1,035.53 $0.00 $441.63 $79,584.42
65 $79,584.42 $1,035.53 $0.00 $449.98 $81,069.93
66 $81,069.93 $1,035.53 $0.00 $458.38 $82,563.84
67 $82,563.84 $1,035.53 $0.00 $466.83 $84,066.20
68 $84,066.20 $1,035.53 $0.00 $475.32 $85,577.05
69 $85,577.05 $1,035.53 $0.00 $483.87 $87,096.45
70 $87,096.45 $1,035.53 $0.00 $492.46 $88,624.44
71 $88,624.44 $1,035.53 $0.00 $501.10 $90,161.07
72 $90,161.07 $1,035.53 $0.00 $509.78 $91,706.38
73 $91,706.38 $1,035.53 $0.00 $518.52 $93,260.43
74 $93,260.43 $1,035.53 $0.00 $527.31 $94,823.27
75 $94,823.27 $1,035.53 $0.00 $536.14 $96,394.94
76 $96,394.94 $1,035.53 $0.00 $545.03 $97,975.50
77 $97,975.50 $1,035.53 $0.00 $553.97 $99,565.00
78 $99,565.00 $1,035.53 $0.00 $562.95 $101,163.48
79 $101,163.48 $1,035.53 $0.00 $571.99 $102,771.00
80 $102,771.00 $1,035.53 $0.00 $581.08 $104,387.61
81 $104,387.61 $1,035.53 $0.00 $590.22 $106,013.36
82 $106,013.36 $1,035.53 $0.00 $599.41 $107,648.30
83 $107,648.30 $1,035.53 $0.00 $608.66 $109,292.49
84 $109,292.49 $1,035.53 $0.00 $617.96 $110,945.98
85 $110,945.98 $1,035.53 $0.00 $627.30 $112,608.81
86 $112,608.81 $1,035.53 $0.00 $636.71 $114,281.05
87 $114,281.05 $1,035.53 $0.00 $646.16 $115,962.74
88 $115,962.74 $1,035.53 $0.00 $655.67 $117,653.94
89 $117,653.94 $1,035.53 $0.00 $665.23 $119,354.70
90 $119,354.70 $1,035.53 $0.00 $674.85 $121,065.08
91 $121,065.08 $1,035.53 $0.00 $684.52 $122,785.13
92 $122,785.13 $1,035.53 $0.00 $694.24 $124,514.90
93 $124,514.90 $1,035.53 $0.00 $704.03 $126,254.46
94 $126,254.46 $1,035.53 $0.00 $713.86 $128,003.85
95 $128,003.85 $1,035.53 $0.00 $723.75 $129,763.13
96 $129,763.13 $1,035.53 $0.00 $733.70 $131,532.36
97 $131,532.36 $1,035.53 $0.00 $743.70 $133,311.59
98 $133,311.59 $1,035.53 $0.00 $753.76 $135,100.88
99 $135,100.88 $1,035.53 $0.00 $763.88 $136,900.29
100 $136,900.29 $1,035.53 $0.00 $774.05 $138,709.87
101 $138,709.87 $1,035.53 $0.00 $784.29 $140,529.69
102 $140,529.69 $1,035.53 $0.00 $794.58 $142,359.80
103 $142,359.80 $1,035.53 $0.00 $804.92 $144,200.25
104 $144,200.25 $1,035.53 $0.00 $815.33 $146,051.11
105 $146,051.11 $1,035.53 $0.00 $825.79 $147,912.43
106 $147,912.43 $1,035.53 $0.00 $836.32 $149,784.28
107 $149,784.28 $1,035.53 $0.00 $846.90 $151,666.71
108 $151,666.71 $1,035.53 $0.00 $857.55 $153,559.79
109 $153,559.79 $1,035.53 $0.00 $868.25 $155,463.57
110 $155,463.57 $1,035.53 $0.00 $879.01 $157,378.11
111 $157,378.11 $1,035.53 $0.00 $889.84 $159,303.48
112 $159,303.48 $1,035.53 $0.00 $900.73 $161,239.74
113 $161,239.74 $1,035.53 $0.00 $911.67 $163,186.94
114 $163,186.94 $1,035.53 $0.00 $922.68 $165,145.15
115 $165,145.15 $1,035.53 $0.00 $933.75 $167,114.43
116 $167,114.43 $1,035.53 $0.00 $944.89 $169,094.85
117 $169,094.85 $1,035.53 $0.00 $956.09 $171,086.47
118 $171,086.47 $1,035.53 $0.00 $967.35 $173,089.35
119 $173,089.35 $1,035.53 $0.00 $978.67 $175,103.55
120 $175,103.55 $1,035.53 $0.00 $990.06 $177,129.14
121 $177,129.14 $1,035.53 $0.00 $1,001.51 $179,166.18
122 $179,166.18 $1,035.53 $0.00 $1,013.03 $181,214.74
123 $181,214.74 $1,035.53 $0.00 $1,024.61 $183,274.88
124 $183,274.88 $1,035.53 $0.00 $1,036.26 $185,346.67
125 $185,346.67 $1,035.53 $0.00 $1,047.98 $187,430.18
126 $187,430.18 $1,035.53 $0.00 $1,059.76 $189,525.47
127 $189,525.47 $1,035.53 $0.00 $1,071.60 $191,632.60
128 $191,632.60 $1,035.53 $0.00 $1,083.52 $193,751.65
129 $193,751.65 $1,035.53 $0.00 $1,095.50 $195,882.68
130 $195,882.68 $1,035.53 $0.00 $1,107.55 $198,025.76
131 $198,025.76 $1,035.53 $0.00 $1,119.67 $200,180.96
132 $200,180.96 $1,035.53 $0.00 $1,131.85 $202,348.34
133 $202,348.34 $1,035.53 $0.00 $1,144.11 $204,527.98
134 $204,527.98 $1,035.53 $0.00 $1,156.43 $206,719.94
135 $206,719.94 $1,035.53 $0.00 $1,168.82 $208,924.29
136 $208,924.29 $1,035.53 $0.00 $1,181.29 $211,141.11
137 $211,141.11 $1,035.53 $0.00 $1,193.82 $213,370.46
138 $213,370.46 $1,035.53 $0.00 $1,206.43 $215,612.42
139 $215,612.42 $1,035.53 $0.00 $1,219.10 $217,867.05
140 $217,867.05 $1,035.53 $0.00 $1,231.85 $220,134.43
141 $220,134.43 $1,035.53 $0.00 $1,244.67 $222,414.63
142 $222,414.63 $1,035.53 $0.00 $1,257.56 $224,707.72
143 $224,707.72 $1,035.53 $0.00 $1,270.53 $227,013.78
144 $227,013.78 $1,035.53 $0.00 $1,283.57 $229,332.88
145 $229,332.88 $1,035.53 $0.00 $1,296.68 $231,665.09
146 $231,665.09 $1,035.53 $0.00 $1,309.87 $234,010.49
147 $234,010.49 $1,035.53 $0.00 $1,323.13 $236,369.15
148 $236,369.15 $1,035.53 $0.00 $1,336.47 $238,741.15
149 $238,741.15 $1,035.53 $0.00 $1,349.88 $241,126.56
150 $241,126.56 $1,035.53 $0.00 $1,363.36 $243,525.45
151 $243,525.45 $1,035.53 $0.00 $1,376.93 $245,937.91
152 $245,937.91 $1,035.53 $0.00 $1,390.57 $248,364.01
153 $248,364.01 $1,035.53 $0.00 $1,404.29 $250,803.83
154 $250,803.83 $1,035.53 $0.00 $1,418.08 $253,257.44
155 $253,257.44 $1,035.53 $0.00 $1,431.95 $255,724.92
156 $255,724.92 $1,035.53 $0.00 $1,445.91 $258,206.36
157 $258,206.36 $1,035.53 $0.00 $1,459.94 $260,701.83
158 $260,701.83 $1,035.53 $0.00 $1,474.05 $263,211.41
159 $263,211.41 $1,035.53 $0.00 $1,488.24 $265,735.18
160 $265,735.18 $1,035.53 $0.00 $1,502.51 $268,273.22
161 $268,273.22 $1,035.53 $0.00 $1,516.86 $270,825.61
162 $270,825.61 $1,035.53 $0.00 $1,531.29 $273,392.43
163 $273,392.43 $1,035.53 $0.00 $1,545.80 $275,973.76
164 $275,973.76 $1,035.53 $0.00 $1,560.40 $278,569.69
165 $278,569.69 $1,035.53 $0.00 $1,575.07 $281,180.29
166 $281,180.29 $1,035.53 $0.00 $1,589.83 $283,805.65
167 $283,805.65 $1,035.53 $0.00 $1,604.68 $286,445.86
168 $286,445.86 $1,035.53 $0.00 $1,619.61 $289,101.00
169 $289,101.00 $1,035.53 $0.00 $1,634.62 $291,771.15
170 $291,771.15 $1,035.53 $0.00 $1,649.72 $294,456.40
171 $294,456.40 $1,035.53 $0.00 $1,664.90 $297,156.83
172 $297,156.83 $1,035.53 $0.00 $1,680.17 $299,872.53
173 $299,872.53 $1,035.53 $0.00 $1,695.52 $302,603.58
174 $302,603.58 $1,035.53 $0.00 $1,710.96 $305,350.07
175 $305,350.07 $1,035.53 $0.00 $1,726.49 $308,112.09
176 $308,112.09 $1,035.53 $0.00 $1,742.11 $310,889.73
177 $310,889.73 $1,035.53 $0.00 $1,757.82 $313,683.08
178 $313,683.08 $1,035.53 $0.00 $1,773.61 $316,492.22
179 $316,492.22 $1,035.53 $0.00 $1,789.49 $319,317.24
180 $319,317.24 $1,035.53 $0.00 $1,805.47 $322,158.24
181 $322,158.24 $1,035.53 $0.00 $1,821.53 $325,015.30
182 $325,015.30 $1,035.53 $0.00 $1,837.68 $327,888.51
183 $327,888.51 $1,035.53 $0.00 $1,853.93 $330,777.97
184 $330,777.97 $1,035.53 $0.00 $1,870.27 $333,683.77
185 $333,683.77 $1,035.53 $0.00 $1,886.70 $336,606.00
186 $336,606.00 $1,035.53 $0.00 $1,903.22 $339,544.75
187 $339,544.75 $1,035.53 $0.00 $1,919.84 $342,500.12
188 $342,500.12 $1,035.53 $0.00 $1,936.55 $345,472.20
189 $345,472.20 $1,035.53 $0.00 $1,953.35 $348,461.08
190 $348,461.08 $1,035.53 $0.00 $1,970.25 $351,466.86
191 $351,466.86 $1,035.53 $0.00 $1,987.24 $354,489.63
192 $354,489.63 $1,035.53 $0.00 $2,004.34 $357,529.50
193 $357,529.50 $1,035.53 $0.00 $2,021.52 $360,586.55
194 $360,586.55 $1,035.53 $0.00 $2,038.81 $363,660.89
195 $363,660.89 $1,035.53 $0.00 $2,056.19 $366,752.61
196 $366,752.61 $1,035.53 $0.00 $2,073.67 $369,861.81
197 $369,861.81 $1,035.53 $0.00 $2,091.25 $372,988.59
198 $372,988.59 $1,035.53 $0.00 $2,108.93 $376,133.05
199 $376,133.05 $1,035.53 $0.00 $2,126.71 $379,295.29
200 $379,295.29 $1,035.53 $0.00 $2,144.59 $382,475.41
201 $382,475.41 $1,035.53 $0.00 $2,162.57 $385,673.51
202 $385,673.51 $1,035.53 $0.00 $2,180.65 $388,889.69
203 $388,889.69 $1,035.53 $0.00 $2,198.84 $392,124.06
204 $392,124.06 $1,035.53 $0.00 $2,217.13 $395,376.72
205 $395,376.72 $1,035.53 $0.00 $2,235.52 $398,647.77
206 $398,647.77 $1,035.53 $0.00 $2,254.01 $401,937.31
207 $401,937.31 $1,035.53 $0.00 $2,272.61 $405,245.45
208 $405,245.45 $1,035.53 $0.00 $2,291.32 $408,572.30
209 $408,572.30 $1,035.53 $0.00 $2,310.13 $411,917.96
210 $411,917.96 $1,035.53 $0.00 $2,329.04 $415,282.53
211 $415,282.53 $1,035.53 $0.00 $2,348.07 $418,666.13
212 $418,666.13 $1,035.53 $0.00 $2,367.20 $422,068.86
213 $422,068.86 $1,035.53 $0.00 $2,386.44 $425,490.83
214 $425,490.83 $1,035.53 $0.00 $2,405.79 $428,932.15
215 $428,932.15 $1,035.53 $0.00 $2,425.24 $432,392.92
216 $432,392.92 $1,035.53 $0.00 $2,444.81 $435,873.26
217 $435,873.26 $1,035.53 $121,404.31 $2,464.49 $317,968.97
218 $317,968.97 $1,035.53 $0.00 $1,797.84 $320,802.34
219 $320,802.34 $1,035.53 $0.00 $1,813.86 $323,651.73
220 $323,651.73 $1,035.53 $0.00 $1,829.97 $326,517.23
221 $326,517.23 $1,035.53 $0.00 $1,846.18 $329,398.94
222 $329,398.94 $1,035.53 $0.00 $1,862.47 $332,296.94
223 $332,296.94 $1,035.53 $0.00 $1,878.86 $335,211.33
224 $335,211.33 $1,035.53 $0.00 $1,895.33 $338,142.19
225 $338,142.19 $1,035.53 $0.00 $1,911.91 $341,089.63
226 $341,089.63 $1,035.53 $0.00 $1,928.57 $344,053.73
227 $344,053.73 $1,035.53 $0.00 $1,945.33 $347,034.59
228 $347,034.59 $1,035.53 $0.00 $1,962.18 $350,032.30
229 $350,032.30 $1,035.53 $127,474.53 $1,979.13 $225,572.43
230 $225,572.43 $1,035.53 $0.00 $1,275.42 $227,883.38
231 $227,883.38 $1,035.53 $0.00 $1,288.49 $230,207.40
232 $230,207.40 $1,035.53 $0.00 $1,301.63 $232,544.56
233 $232,544.56 $1,035.53 $0.00 $1,314.84 $234,894.93
234 $234,894.93 $1,035.53 $0.00 $1,328.13 $237,258.59
235 $237,258.59 $1,035.53 $0.00 $1,341.49 $239,635.61
236 $239,635.61 $1,035.53 $0.00 $1,354.93 $242,026.07
237 $242,026.07 $1,035.53 $0.00 $1,368.45 $244,430.05
238 $244,430.05 $1,035.53 $0.00 $1,382.04 $246,847.62
239 $246,847.62 $1,035.53 $0.00 $1,395.71 $249,278.86
240 $249,278.86 $1,035.53 $0.00 $1,409.46 $251,723.85
241 $251,723.85 $1,035.53 $133,848.26 $1,423.28 $120,334.40
242 $120,334.40 $1,035.53 $0.00 $680.39 $122,050.32
243 $122,050.32 $1,035.53 $0.00 $690.09 $123,775.94
244 $123,775.94 $1,035.53 $0.00 $699.85 $125,511.32
245 $125,511.32 $1,035.53 $0.00 $709.66 $127,256.51
246 $127,256.51 $1,035.53 $0.00 $719.53 $129,011.57
247 $129,011.57 $1,035.53 $0.00 $729.45 $130,776.55
248 $130,776.55 $1,035.53 $0.00 $739.43 $132,551.51
249 $132,551.51 $1,035.53 $0.00 $749.47 $134,336.51
250 $134,336.51 $1,035.53 $0.00 $759.56 $136,131.60
251 $136,131.60 $1,035.53 $0.00 $769.71 $137,936.84
252 $137,936.84 $1,035.53 $0.00 $779.91 $139,752.28
253 $139,752.28 $0.00 $140,540.67 $790.18 $1.79