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 2039$128,224
Monthly savings required$1,015

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 $512,894.94 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,015.00 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$49,446.00
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 $1,015.00 $0.00 $0.00 $1,015.00
2 $1,015.00 $1,015.00 $0.00 $5.74 $2,035.74
3 $2,035.74 $1,015.00 $0.00 $11.51 $3,062.25
4 $3,062.25 $1,015.00 $0.00 $17.31 $4,094.56
5 $4,094.56 $1,015.00 $0.00 $23.15 $5,132.71
6 $5,132.71 $1,015.00 $0.00 $29.02 $6,176.73
7 $6,176.73 $1,015.00 $0.00 $34.92 $7,226.65
8 $7,226.65 $1,015.00 $0.00 $40.86 $8,282.51
9 $8,282.51 $1,015.00 $0.00 $46.83 $9,344.34
10 $9,344.34 $1,015.00 $0.00 $52.83 $10,412.17
11 $10,412.17 $1,015.00 $0.00 $58.87 $11,486.04
12 $11,486.04 $1,015.00 $0.00 $64.94 $12,565.98
13 $12,565.98 $1,015.00 $0.00 $71.05 $13,652.03
14 $13,652.03 $1,015.00 $0.00 $77.19 $14,744.22
15 $14,744.22 $1,015.00 $0.00 $83.37 $15,842.59
16 $15,842.59 $1,015.00 $0.00 $89.58 $16,947.17
17 $16,947.17 $1,015.00 $0.00 $95.82 $18,057.99
18 $18,057.99 $1,015.00 $0.00 $102.10 $19,175.09
19 $19,175.09 $1,015.00 $0.00 $108.42 $20,298.51
20 $20,298.51 $1,015.00 $0.00 $114.77 $21,428.28
21 $21,428.28 $1,015.00 $0.00 $121.16 $22,564.44
22 $22,564.44 $1,015.00 $0.00 $127.58 $23,707.02
23 $23,707.02 $1,015.00 $0.00 $134.04 $24,856.06
24 $24,856.06 $1,015.00 $0.00 $140.54 $26,011.60
25 $26,011.60 $1,015.00 $0.00 $147.07 $27,173.67
26 $27,173.67 $1,015.00 $0.00 $153.64 $28,342.31
27 $28,342.31 $1,015.00 $0.00 $160.25 $29,517.56
28 $29,517.56 $1,015.00 $0.00 $166.90 $30,699.46
29 $30,699.46 $1,015.00 $0.00 $173.58 $31,888.04
30 $31,888.04 $1,015.00 $0.00 $180.30 $33,083.34
31 $33,083.34 $1,015.00 $0.00 $187.06 $34,285.40
32 $34,285.40 $1,015.00 $0.00 $193.85 $35,494.25
33 $35,494.25 $1,015.00 $0.00 $200.69 $36,709.94
34 $36,709.94 $1,015.00 $0.00 $207.56 $37,932.50
35 $37,932.50 $1,015.00 $0.00 $214.48 $39,161.98
36 $39,161.98 $1,015.00 $0.00 $221.43 $40,398.41
37 $40,398.41 $1,015.00 $0.00 $228.42 $41,641.83
38 $41,641.83 $1,015.00 $0.00 $235.45 $42,892.28
39 $42,892.28 $1,015.00 $0.00 $242.52 $44,149.80
40 $44,149.80 $1,015.00 $0.00 $249.63 $45,414.43
41 $45,414.43 $1,015.00 $0.00 $256.78 $46,686.21
42 $46,686.21 $1,015.00 $0.00 $263.97 $47,965.18
43 $47,965.18 $1,015.00 $0.00 $271.20 $49,251.38
44 $49,251.38 $1,015.00 $0.00 $278.47 $50,544.85
45 $50,544.85 $1,015.00 $0.00 $285.79 $51,845.64
46 $51,845.64 $1,015.00 $0.00 $293.14 $53,153.78
47 $53,153.78 $1,015.00 $0.00 $300.54 $54,469.32
48 $54,469.32 $1,015.00 $0.00 $307.98 $55,792.30
49 $55,792.30 $1,015.00 $0.00 $315.46 $57,122.76
50 $57,122.76 $1,015.00 $0.00 $322.98 $58,460.74
51 $58,460.74 $1,015.00 $0.00 $330.55 $59,806.29
52 $59,806.29 $1,015.00 $0.00 $338.15 $61,159.44
53 $61,159.44 $1,015.00 $0.00 $345.80 $62,520.24
54 $62,520.24 $1,015.00 $0.00 $353.50 $63,888.74
55 $63,888.74 $1,015.00 $0.00 $361.24 $65,264.98
56 $65,264.98 $1,015.00 $0.00 $369.02 $66,649.00
57 $66,649.00 $1,015.00 $0.00 $376.84 $68,040.84
58 $68,040.84 $1,015.00 $0.00 $384.71 $69,440.55
59 $69,440.55 $1,015.00 $0.00 $392.63 $70,848.18
60 $70,848.18 $1,015.00 $0.00 $400.59 $72,263.77
61 $72,263.77 $1,015.00 $0.00 $408.59 $73,687.36
62 $73,687.36 $1,015.00 $0.00 $416.64 $75,119.00
63 $75,119.00 $1,015.00 $0.00 $424.73 $76,558.73
64 $76,558.73 $1,015.00 $0.00 $432.87 $78,006.60
65 $78,006.60 $1,015.00 $0.00 $441.06 $79,462.66
66 $79,462.66 $1,015.00 $0.00 $449.29 $80,926.95
67 $80,926.95 $1,015.00 $0.00 $457.57 $82,399.52
68 $82,399.52 $1,015.00 $0.00 $465.90 $83,880.42
69 $83,880.42 $1,015.00 $0.00 $474.27 $85,369.69
70 $85,369.69 $1,015.00 $0.00 $482.69 $86,867.38
71 $86,867.38 $1,015.00 $0.00 $491.16 $88,373.54
72 $88,373.54 $1,015.00 $0.00 $499.68 $89,888.22
73 $89,888.22 $1,015.00 $0.00 $508.24 $91,411.46
74 $91,411.46 $1,015.00 $0.00 $516.85 $92,943.31
75 $92,943.31 $1,015.00 $0.00 $525.51 $94,483.82
76 $94,483.82 $1,015.00 $0.00 $534.23 $96,033.05
77 $96,033.05 $1,015.00 $0.00 $542.98 $97,591.03
78 $97,591.03 $1,015.00 $0.00 $551.79 $99,157.82
79 $99,157.82 $1,015.00 $0.00 $560.65 $100,733.47
80 $100,733.47 $1,015.00 $0.00 $569.56 $102,318.03
81 $102,318.03 $1,015.00 $0.00 $578.52 $103,911.55
82 $103,911.55 $1,015.00 $0.00 $587.53 $105,514.08
83 $105,514.08 $1,015.00 $0.00 $596.59 $107,125.67
84 $107,125.67 $1,015.00 $0.00 $605.70 $108,746.37
85 $108,746.37 $1,015.00 $0.00 $614.87 $110,376.24
86 $110,376.24 $1,015.00 $0.00 $624.08 $112,015.32
87 $112,015.32 $1,015.00 $0.00 $633.35 $113,663.67
88 $113,663.67 $1,015.00 $0.00 $642.67 $115,321.34
89 $115,321.34 $1,015.00 $0.00 $652.04 $116,988.38
90 $116,988.38 $1,015.00 $0.00 $661.47 $118,664.85
91 $118,664.85 $1,015.00 $0.00 $670.95 $120,350.80
92 $120,350.80 $1,015.00 $0.00 $680.48 $122,046.28
93 $122,046.28 $1,015.00 $0.00 $690.07 $123,751.35
94 $123,751.35 $1,015.00 $0.00 $699.71 $125,466.06
95 $125,466.06 $1,015.00 $0.00 $709.40 $127,190.46
96 $127,190.46 $1,015.00 $0.00 $719.15 $128,924.61
97 $128,924.61 $1,015.00 $0.00 $728.96 $130,668.57
98 $130,668.57 $1,015.00 $0.00 $738.82 $132,422.39
99 $132,422.39 $1,015.00 $0.00 $748.74 $134,186.13
100 $134,186.13 $1,015.00 $0.00 $758.71 $135,959.84
101 $135,959.84 $1,015.00 $0.00 $768.74 $137,743.58
102 $137,743.58 $1,015.00 $0.00 $778.82 $139,537.40
103 $139,537.40 $1,015.00 $0.00 $788.96 $141,341.36
104 $141,341.36 $1,015.00 $0.00 $799.16 $143,155.52
105 $143,155.52 $1,015.00 $0.00 $809.42 $144,979.94
106 $144,979.94 $1,015.00 $0.00 $819.74 $146,814.68
107 $146,814.68 $1,015.00 $0.00 $830.11 $148,659.79
108 $148,659.79 $1,015.00 $0.00 $840.54 $150,515.33
109 $150,515.33 $1,015.00 $0.00 $851.04 $152,381.37
110 $152,381.37 $1,015.00 $0.00 $861.59 $154,257.96
111 $154,257.96 $1,015.00 $0.00 $872.20 $156,145.16
112 $156,145.16 $1,015.00 $0.00 $882.87 $158,043.03
113 $158,043.03 $1,015.00 $0.00 $893.60 $159,951.63
114 $159,951.63 $1,015.00 $0.00 $904.39 $161,871.02
115 $161,871.02 $1,015.00 $0.00 $915.24 $163,801.26
116 $163,801.26 $1,015.00 $0.00 $926.16 $165,742.42
117 $165,742.42 $1,015.00 $0.00 $937.13 $167,694.55
118 $167,694.55 $1,015.00 $0.00 $948.17 $169,657.72
119 $169,657.72 $1,015.00 $0.00 $959.27 $171,631.99
120 $171,631.99 $1,015.00 $0.00 $970.43 $173,617.42
121 $173,617.42 $1,015.00 $0.00 $981.66 $175,614.08
122 $175,614.08 $1,015.00 $0.00 $992.95 $177,622.03
123 $177,622.03 $1,015.00 $0.00 $1,004.30 $179,641.33
124 $179,641.33 $1,015.00 $0.00 $1,015.72 $181,672.05
125 $181,672.05 $1,015.00 $0.00 $1,027.20 $183,714.25
126 $183,714.25 $1,015.00 $0.00 $1,038.75 $185,768.00
127 $185,768.00 $1,015.00 $0.00 $1,050.36 $187,833.36
128 $187,833.36 $1,015.00 $0.00 $1,062.04 $189,910.40
129 $189,910.40 $1,015.00 $0.00 $1,073.78 $191,999.18
130 $191,999.18 $1,015.00 $0.00 $1,085.59 $194,099.77
131 $194,099.77 $1,015.00 $0.00 $1,097.47 $196,212.24
132 $196,212.24 $1,015.00 $0.00 $1,109.41 $198,336.65
133 $198,336.65 $1,015.00 $0.00 $1,121.42 $200,473.07
134 $200,473.07 $1,015.00 $0.00 $1,133.50 $202,621.57
135 $202,621.57 $1,015.00 $0.00 $1,145.65 $204,782.22
136 $204,782.22 $1,015.00 $0.00 $1,157.87 $206,955.09
137 $206,955.09 $1,015.00 $0.00 $1,170.15 $209,140.24
138 $209,140.24 $1,015.00 $0.00 $1,182.51 $211,337.75
139 $211,337.75 $1,015.00 $0.00 $1,194.93 $213,547.68
140 $213,547.68 $1,015.00 $0.00 $1,207.43 $215,770.11
141 $215,770.11 $1,015.00 $0.00 $1,220.00 $218,005.11
142 $218,005.11 $1,015.00 $0.00 $1,232.63 $220,252.74
143 $220,252.74 $1,015.00 $0.00 $1,245.34 $222,513.08
144 $222,513.08 $1,015.00 $0.00 $1,258.12 $224,786.20
145 $224,786.20 $1,015.00 $0.00 $1,270.97 $227,072.17
146 $227,072.17 $1,015.00 $0.00 $1,283.90 $229,371.07
147 $229,371.07 $1,015.00 $0.00 $1,296.90 $231,682.97
148 $231,682.97 $1,015.00 $0.00 $1,309.97 $234,007.94
149 $234,007.94 $1,015.00 $0.00 $1,323.11 $236,346.05
150 $236,346.05 $1,015.00 $0.00 $1,336.33 $238,697.38
151 $238,697.38 $1,015.00 $0.00 $1,349.63 $241,062.01
152 $241,062.01 $1,015.00 $0.00 $1,363.00 $243,440.01
153 $243,440.01 $1,015.00 $0.00 $1,376.45 $245,831.46
154 $245,831.46 $1,015.00 $0.00 $1,389.97 $248,236.43
155 $248,236.43 $1,015.00 $0.00 $1,403.56 $250,654.99
156 $250,654.99 $1,015.00 $0.00 $1,417.24 $253,087.23
157 $253,087.23 $1,015.00 $0.00 $1,430.99 $255,533.22
158 $255,533.22 $1,015.00 $0.00 $1,444.82 $257,993.04
159 $257,993.04 $1,015.00 $0.00 $1,458.73 $260,466.77
160 $260,466.77 $1,015.00 $0.00 $1,472.72 $262,954.49
161 $262,954.49 $1,015.00 $0.00 $1,486.78 $265,456.27
162 $265,456.27 $1,015.00 $0.00 $1,500.93 $267,972.20
163 $267,972.20 $1,015.00 $0.00 $1,515.15 $270,502.35
164 $270,502.35 $1,015.00 $0.00 $1,529.46 $273,046.81
165 $273,046.81 $1,015.00 $0.00 $1,543.85 $275,605.66
166 $275,605.66 $1,015.00 $0.00 $1,558.31 $278,178.97
167 $278,178.97 $1,015.00 $0.00 $1,572.86 $280,766.83
168 $280,766.83 $1,015.00 $0.00 $1,587.50 $283,369.33
169 $283,369.33 $1,015.00 $0.00 $1,602.21 $285,986.54
170 $285,986.54 $1,015.00 $0.00 $1,617.01 $288,618.55
171 $288,618.55 $1,015.00 $0.00 $1,631.89 $291,265.44
172 $291,265.44 $1,015.00 $0.00 $1,646.86 $293,927.30
173 $293,927.30 $1,015.00 $0.00 $1,661.91 $296,604.21
174 $296,604.21 $1,015.00 $0.00 $1,677.04 $299,296.25
175 $299,296.25 $1,015.00 $0.00 $1,692.26 $302,003.51
176 $302,003.51 $1,015.00 $0.00 $1,707.57 $304,726.08
177 $304,726.08 $1,015.00 $0.00 $1,722.97 $307,464.05
178 $307,464.05 $1,015.00 $0.00 $1,738.45 $310,217.50
179 $310,217.50 $1,015.00 $0.00 $1,754.01 $312,986.51
180 $312,986.51 $1,015.00 $0.00 $1,769.67 $315,771.18
181 $315,771.18 $1,015.00 $0.00 $1,785.42 $318,571.60
182 $318,571.60 $1,015.00 $0.00 $1,801.25 $321,387.85
183 $321,387.85 $1,015.00 $0.00 $1,817.17 $324,220.02
184 $324,220.02 $1,015.00 $0.00 $1,833.19 $327,068.21
185 $327,068.21 $1,015.00 $0.00 $1,849.29 $329,932.50
186 $329,932.50 $1,015.00 $0.00 $1,865.49 $332,812.99
187 $332,812.99 $1,015.00 $0.00 $1,881.77 $335,709.76
188 $335,709.76 $1,015.00 $0.00 $1,898.15 $338,622.91
189 $338,622.91 $1,015.00 $0.00 $1,914.62 $341,552.53
190 $341,552.53 $1,015.00 $0.00 $1,931.19 $344,498.72
191 $344,498.72 $1,015.00 $0.00 $1,947.85 $347,461.57
192 $347,461.57 $1,015.00 $0.00 $1,964.60 $350,441.17
193 $350,441.17 $1,015.00 $0.00 $1,981.45 $353,437.62
194 $353,437.62 $1,015.00 $0.00 $1,998.39 $356,451.01
195 $356,451.01 $1,015.00 $0.00 $2,015.43 $359,481.44
196 $359,481.44 $1,015.00 $0.00 $2,032.56 $362,529.00
197 $362,529.00 $1,015.00 $0.00 $2,049.79 $365,593.79
198 $365,593.79 $1,015.00 $0.00 $2,067.12 $368,675.91
199 $368,675.91 $1,015.00 $0.00 $2,084.55 $371,775.46
200 $371,775.46 $1,015.00 $0.00 $2,102.07 $374,892.53
201 $374,892.53 $1,015.00 $0.00 $2,119.70 $378,027.23
202 $378,027.23 $1,015.00 $0.00 $2,137.42 $381,179.65
203 $381,179.65 $1,015.00 $0.00 $2,155.25 $384,349.90
204 $384,349.90 $1,015.00 $0.00 $2,173.17 $387,538.07
205 $387,538.07 $1,015.00 $0.00 $2,191.20 $390,744.27
206 $390,744.27 $1,015.00 $0.00 $2,209.32 $393,968.59
207 $393,968.59 $1,015.00 $0.00 $2,227.56 $397,211.15
208 $397,211.15 $1,015.00 $0.00 $2,245.89 $400,472.04
209 $400,472.04 $1,015.00 $0.00 $2,264.33 $403,751.37
210 $403,751.37 $1,015.00 $0.00 $2,282.87 $407,049.24
211 $407,049.24 $1,015.00 $0.00 $2,301.52 $410,365.76
212 $410,365.76 $1,015.00 $0.00 $2,320.27 $413,701.03
213 $413,701.03 $1,015.00 $0.00 $2,339.13 $417,055.16
214 $417,055.16 $1,015.00 $0.00 $2,358.09 $420,428.25
215 $420,428.25 $1,015.00 $0.00 $2,377.16 $423,820.41
216 $423,820.41 $1,015.00 $0.00 $2,396.34 $427,231.75
217 $427,231.75 $1,015.00 $118,997.69 $2,415.63 $311,664.69
218 $311,664.69 $1,015.00 $0.00 $1,762.20 $314,441.89
219 $314,441.89 $1,015.00 $0.00 $1,777.90 $317,234.79
220 $317,234.79 $1,015.00 $0.00 $1,793.69 $320,043.48
221 $320,043.48 $1,015.00 $0.00 $1,809.57 $322,868.05
222 $322,868.05 $1,015.00 $0.00 $1,825.54 $325,708.59
223 $325,708.59 $1,015.00 $0.00 $1,841.60 $328,565.19
224 $328,565.19 $1,015.00 $0.00 $1,857.76 $331,437.95
225 $331,437.95 $1,015.00 $0.00 $1,874.00 $334,326.95
226 $334,326.95 $1,015.00 $0.00 $1,890.33 $337,232.28
227 $337,232.28 $1,015.00 $0.00 $1,906.76 $340,154.04
228 $340,154.04 $1,015.00 $0.00 $1,923.28 $343,092.32
229 $343,092.32 $1,015.00 $124,947.58 $1,939.89 $221,099.63
230 $221,099.63 $1,015.00 $0.00 $1,250.13 $223,364.76
231 $223,364.76 $1,015.00 $0.00 $1,262.94 $225,642.70
232 $225,642.70 $1,015.00 $0.00 $1,275.82 $227,933.52
233 $227,933.52 $1,015.00 $0.00 $1,288.77 $230,237.29
234 $230,237.29 $1,015.00 $0.00 $1,301.80 $232,554.09
235 $232,554.09 $1,015.00 $0.00 $1,314.89 $234,883.98
236 $234,883.98 $1,015.00 $0.00 $1,328.07 $237,227.05
237 $237,227.05 $1,015.00 $0.00 $1,341.32 $239,583.37
238 $239,583.37 $1,015.00 $0.00 $1,354.64 $241,953.01
239 $241,953.01 $1,015.00 $0.00 $1,368.04 $244,336.05
240 $244,336.05 $1,015.00 $0.00 $1,381.51 $246,732.56
241 $246,732.56 $1,015.00 $131,194.96 $1,395.06 $117,947.66
242 $117,947.66 $1,015.00 $0.00 $666.89 $119,629.55
243 $119,629.55 $1,015.00 $0.00 $676.40 $121,320.95
244 $121,320.95 $1,015.00 $0.00 $685.97 $123,021.92
245 $123,021.92 $1,015.00 $0.00 $695.58 $124,732.50
246 $124,732.50 $1,015.00 $0.00 $705.26 $126,452.76
247 $126,452.76 $1,015.00 $0.00 $714.98 $128,182.74
248 $128,182.74 $1,015.00 $0.00 $724.76 $129,922.50
249 $129,922.50 $1,015.00 $0.00 $734.60 $131,672.10
250 $131,672.10 $1,015.00 $0.00 $744.49 $133,431.59
251 $133,431.59 $1,015.00 $0.00 $754.44 $135,201.03
252 $135,201.03 $1,015.00 $0.00 $764.45 $136,980.48
253 $136,980.48 $0.00 $137,754.71 $774.51 $0.28