Savings Plan and Future Cost Estimation for University of Central Florida

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$62,330
Monthly savings required$493

How much will it cost to send your child to University of Central Florida in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $249,321.34 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $493.39 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$24,036.00
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 $493.39 $0.00 $0.00 $493.39
2 $493.39 $493.39 $0.00 $2.79 $989.57
3 $989.57 $493.39 $0.00 $5.60 $1,488.56
4 $1,488.56 $493.39 $0.00 $8.42 $1,990.37
5 $1,990.37 $493.39 $0.00 $11.25 $2,495.01
6 $2,495.01 $493.39 $0.00 $14.11 $3,002.51
7 $3,002.51 $493.39 $0.00 $16.98 $3,512.88
8 $3,512.88 $493.39 $0.00 $19.86 $4,026.13
9 $4,026.13 $493.39 $0.00 $22.76 $4,542.28
10 $4,542.28 $493.39 $0.00 $25.68 $5,061.35
11 $5,061.35 $493.39 $0.00 $28.62 $5,583.36
12 $5,583.36 $493.39 $0.00 $31.57 $6,108.32
13 $6,108.32 $493.39 $0.00 $34.54 $6,636.25
14 $6,636.25 $493.39 $0.00 $37.52 $7,167.16
15 $7,167.16 $493.39 $0.00 $40.52 $7,701.07
16 $7,701.07 $493.39 $0.00 $43.54 $8,238.00
17 $8,238.00 $493.39 $0.00 $46.58 $8,777.97
18 $8,777.97 $493.39 $0.00 $49.63 $9,320.99
19 $9,320.99 $493.39 $0.00 $52.70 $9,867.08
20 $9,867.08 $493.39 $0.00 $55.79 $10,416.26
21 $10,416.26 $493.39 $0.00 $58.90 $10,968.55
22 $10,968.55 $493.39 $0.00 $62.02 $11,523.96
23 $11,523.96 $493.39 $0.00 $65.16 $12,082.51
24 $12,082.51 $493.39 $0.00 $68.32 $12,644.22
25 $12,644.22 $493.39 $0.00 $71.49 $13,209.10
26 $13,209.10 $493.39 $0.00 $74.69 $13,777.18
27 $13,777.18 $493.39 $0.00 $77.90 $14,348.47
28 $14,348.47 $493.39 $0.00 $81.13 $14,922.99
29 $14,922.99 $493.39 $0.00 $84.38 $15,500.76
30 $15,500.76 $493.39 $0.00 $87.64 $16,081.79
31 $16,081.79 $493.39 $0.00 $90.93 $16,666.11
32 $16,666.11 $493.39 $0.00 $94.23 $17,253.73
33 $17,253.73 $493.39 $0.00 $97.56 $17,844.68
34 $17,844.68 $493.39 $0.00 $100.90 $18,438.97
35 $18,438.97 $493.39 $0.00 $104.26 $19,036.62
36 $19,036.62 $493.39 $0.00 $107.64 $19,637.65
37 $19,637.65 $493.39 $0.00 $111.03 $20,242.07
38 $20,242.07 $493.39 $0.00 $114.45 $20,849.91
39 $20,849.91 $493.39 $0.00 $117.89 $21,461.19
40 $21,461.19 $493.39 $0.00 $121.34 $22,075.92
41 $22,075.92 $493.39 $0.00 $124.82 $22,694.13
42 $22,694.13 $493.39 $0.00 $128.32 $23,315.84
43 $23,315.84 $493.39 $0.00 $131.83 $23,941.06
44 $23,941.06 $493.39 $0.00 $135.37 $24,569.82
45 $24,569.82 $493.39 $0.00 $138.92 $25,202.13
46 $25,202.13 $493.39 $0.00 $142.50 $25,838.02
47 $25,838.02 $493.39 $0.00 $146.09 $26,477.50
48 $26,477.50 $493.39 $0.00 $149.71 $27,120.60
49 $27,120.60 $493.39 $0.00 $153.34 $27,767.33
50 $27,767.33 $493.39 $0.00 $157.00 $28,417.72
51 $28,417.72 $493.39 $0.00 $160.68 $29,071.79
52 $29,071.79 $493.39 $0.00 $164.38 $29,729.56
53 $29,729.56 $493.39 $0.00 $168.10 $30,391.05
54 $30,391.05 $493.39 $0.00 $171.84 $31,056.28
55 $31,056.28 $493.39 $0.00 $175.60 $31,725.27
56 $31,725.27 $493.39 $0.00 $179.38 $32,398.04
57 $32,398.04 $493.39 $0.00 $183.18 $33,074.61
58 $33,074.61 $493.39 $0.00 $187.01 $33,755.01
59 $33,755.01 $493.39 $0.00 $190.86 $34,439.26
60 $34,439.26 $493.39 $0.00 $194.72 $35,127.37
61 $35,127.37 $493.39 $0.00 $198.62 $35,819.38
62 $35,819.38 $493.39 $0.00 $202.53 $36,515.30
63 $36,515.30 $493.39 $0.00 $206.46 $37,215.15
64 $37,215.15 $493.39 $0.00 $210.42 $37,918.96
65 $37,918.96 $493.39 $0.00 $214.40 $38,626.75
66 $38,626.75 $493.39 $0.00 $218.40 $39,338.54
67 $39,338.54 $493.39 $0.00 $222.43 $40,054.36
68 $40,054.36 $493.39 $0.00 $226.47 $40,774.22
69 $40,774.22 $493.39 $0.00 $230.54 $41,498.15
70 $41,498.15 $493.39 $0.00 $234.64 $42,226.18
71 $42,226.18 $493.39 $0.00 $238.75 $42,958.32
72 $42,958.32 $493.39 $0.00 $242.89 $43,694.60
73 $43,694.60 $493.39 $0.00 $247.06 $44,435.05
74 $44,435.05 $493.39 $0.00 $251.24 $45,179.68
75 $45,179.68 $493.39 $0.00 $255.45 $45,928.52
76 $45,928.52 $493.39 $0.00 $259.69 $46,681.60
77 $46,681.60 $493.39 $0.00 $263.94 $47,438.93
78 $47,438.93 $493.39 $0.00 $268.23 $48,200.55
79 $48,200.55 $493.39 $0.00 $272.53 $48,966.47
80 $48,966.47 $493.39 $0.00 $276.86 $49,736.72
81 $49,736.72 $493.39 $0.00 $281.22 $50,511.33
82 $50,511.33 $493.39 $0.00 $285.60 $51,290.32
83 $51,290.32 $493.39 $0.00 $290.00 $52,073.71
84 $52,073.71 $493.39 $0.00 $294.43 $52,861.53
85 $52,861.53 $493.39 $0.00 $298.89 $53,653.81
86 $53,653.81 $493.39 $0.00 $303.37 $54,450.57
87 $54,450.57 $493.39 $0.00 $307.87 $55,251.83
88 $55,251.83 $493.39 $0.00 $312.40 $56,057.62
89 $56,057.62 $493.39 $0.00 $316.96 $56,867.97
90 $56,867.97 $493.39 $0.00 $321.54 $57,682.90
91 $57,682.90 $493.39 $0.00 $326.15 $58,502.44
92 $58,502.44 $493.39 $0.00 $330.78 $59,326.61
93 $59,326.61 $493.39 $0.00 $335.44 $60,155.44
94 $60,155.44 $493.39 $0.00 $340.13 $60,988.96
95 $60,988.96 $493.39 $0.00 $344.84 $61,827.19
96 $61,827.19 $493.39 $0.00 $349.58 $62,670.16
97 $62,670.16 $493.39 $0.00 $354.35 $63,517.90
98 $63,517.90 $493.39 $0.00 $359.14 $64,370.43
99 $64,370.43 $493.39 $0.00 $363.96 $65,227.78
100 $65,227.78 $493.39 $0.00 $368.81 $66,089.98
101 $66,089.98 $493.39 $0.00 $373.68 $66,957.05
102 $66,957.05 $493.39 $0.00 $378.58 $67,829.02
103 $67,829.02 $493.39 $0.00 $383.52 $68,705.93
104 $68,705.93 $493.39 $0.00 $388.47 $69,587.79
105 $69,587.79 $493.39 $0.00 $393.46 $70,474.64
106 $70,474.64 $493.39 $0.00 $398.47 $71,366.50
107 $71,366.50 $493.39 $0.00 $403.52 $72,263.41
108 $72,263.41 $493.39 $0.00 $408.59 $73,165.39
109 $73,165.39 $493.39 $0.00 $413.69 $74,072.47
110 $74,072.47 $493.39 $0.00 $418.82 $74,984.68
111 $74,984.68 $493.39 $0.00 $423.97 $75,902.04
112 $75,902.04 $493.39 $0.00 $429.16 $76,824.59
113 $76,824.59 $493.39 $0.00 $434.38 $77,752.36
114 $77,752.36 $493.39 $0.00 $439.62 $78,685.37
115 $78,685.37 $493.39 $0.00 $444.90 $79,623.66
116 $79,623.66 $493.39 $0.00 $450.20 $80,567.25
117 $80,567.25 $493.39 $0.00 $455.54 $81,516.18
118 $81,516.18 $493.39 $0.00 $460.90 $82,470.47
119 $82,470.47 $493.39 $0.00 $466.30 $83,430.16
120 $83,430.16 $493.39 $0.00 $471.73 $84,395.28
121 $84,395.28 $493.39 $0.00 $477.18 $85,365.85
122 $85,365.85 $493.39 $0.00 $482.67 $86,341.91
123 $86,341.91 $493.39 $0.00 $488.19 $87,323.49
124 $87,323.49 $493.39 $0.00 $493.74 $88,310.62
125 $88,310.62 $493.39 $0.00 $499.32 $89,303.33
126 $89,303.33 $493.39 $0.00 $504.93 $90,301.65
127 $90,301.65 $493.39 $0.00 $510.58 $91,305.62
128 $91,305.62 $493.39 $0.00 $516.26 $92,315.27
129 $92,315.27 $493.39 $0.00 $521.96 $93,330.62
130 $93,330.62 $493.39 $0.00 $527.70 $94,351.71
131 $94,351.71 $493.39 $0.00 $533.48 $95,378.58
132 $95,378.58 $493.39 $0.00 $539.28 $96,411.25
133 $96,411.25 $493.39 $0.00 $545.12 $97,449.76
134 $97,449.76 $493.39 $0.00 $551.00 $98,494.15
135 $98,494.15 $493.39 $0.00 $556.90 $99,544.44
136 $99,544.44 $493.39 $0.00 $562.84 $100,600.67
137 $100,600.67 $493.39 $0.00 $568.81 $101,662.87
138 $101,662.87 $493.39 $0.00 $574.82 $102,731.08
139 $102,731.08 $493.39 $0.00 $580.86 $103,805.33
140 $103,805.33 $493.39 $0.00 $586.93 $104,885.65
141 $104,885.65 $493.39 $0.00 $593.04 $105,972.08
142 $105,972.08 $493.39 $0.00 $599.18 $107,064.65
143 $107,064.65 $493.39 $0.00 $605.36 $108,163.40
144 $108,163.40 $493.39 $0.00 $611.57 $109,268.36
145 $109,268.36 $493.39 $0.00 $617.82 $110,379.57
146 $110,379.57 $493.39 $0.00 $624.10 $111,497.06
147 $111,497.06 $493.39 $0.00 $630.42 $112,620.87
148 $112,620.87 $493.39 $0.00 $636.77 $113,751.03
149 $113,751.03 $493.39 $0.00 $643.16 $114,887.58
150 $114,887.58 $493.39 $0.00 $649.59 $116,030.56
151 $116,030.56 $493.39 $0.00 $656.05 $117,180.00
152 $117,180.00 $493.39 $0.00 $662.55 $118,335.94
153 $118,335.94 $493.39 $0.00 $669.09 $119,498.42
154 $119,498.42 $493.39 $0.00 $675.66 $120,667.47
155 $120,667.47 $493.39 $0.00 $682.27 $121,843.13
156 $121,843.13 $493.39 $0.00 $688.92 $123,025.44
157 $123,025.44 $493.39 $0.00 $695.60 $124,214.43
158 $124,214.43 $493.39 $0.00 $702.33 $125,410.15
159 $125,410.15 $493.39 $0.00 $709.09 $126,612.63
160 $126,612.63 $493.39 $0.00 $715.89 $127,821.91
161 $127,821.91 $493.39 $0.00 $722.72 $129,038.02
162 $129,038.02 $493.39 $0.00 $729.60 $130,261.01
163 $130,261.01 $493.39 $0.00 $736.51 $131,490.91
164 $131,490.91 $493.39 $0.00 $743.47 $132,727.77
165 $132,727.77 $493.39 $0.00 $750.46 $133,971.62
166 $133,971.62 $493.39 $0.00 $757.50 $135,222.51
167 $135,222.51 $493.39 $0.00 $764.57 $136,480.47
168 $136,480.47 $493.39 $0.00 $771.68 $137,745.54
169 $137,745.54 $493.39 $0.00 $778.83 $139,017.76
170 $139,017.76 $493.39 $0.00 $786.03 $140,297.18
171 $140,297.18 $493.39 $0.00 $793.26 $141,583.83
172 $141,583.83 $493.39 $0.00 $800.54 $142,877.76
173 $142,877.76 $493.39 $0.00 $807.85 $144,179.00
174 $144,179.00 $493.39 $0.00 $815.21 $145,487.60
175 $145,487.60 $493.39 $0.00 $822.61 $146,803.60
176 $146,803.60 $493.39 $0.00 $830.05 $148,127.04
177 $148,127.04 $493.39 $0.00 $837.53 $149,457.96
178 $149,457.96 $493.39 $0.00 $845.06 $150,796.41
179 $150,796.41 $493.39 $0.00 $852.62 $152,142.42
180 $152,142.42 $493.39 $0.00 $860.24 $153,496.05
181 $153,496.05 $493.39 $0.00 $867.89 $154,857.33
182 $154,857.33 $493.39 $0.00 $875.59 $156,226.31
183 $156,226.31 $493.39 $0.00 $883.33 $157,603.03
184 $157,603.03 $493.39 $0.00 $891.11 $158,987.53
185 $158,987.53 $493.39 $0.00 $898.94 $160,379.86
186 $160,379.86 $493.39 $0.00 $906.81 $161,780.06
187 $161,780.06 $493.39 $0.00 $914.73 $163,188.18
188 $163,188.18 $493.39 $0.00 $922.69 $164,604.26
189 $164,604.26 $493.39 $0.00 $930.70 $166,028.35
190 $166,028.35 $493.39 $0.00 $938.75 $167,460.49
191 $167,460.49 $493.39 $0.00 $946.85 $168,900.73
192 $168,900.73 $493.39 $0.00 $954.99 $170,349.11
193 $170,349.11 $493.39 $0.00 $963.18 $171,805.68
194 $171,805.68 $493.39 $0.00 $971.41 $173,270.48
195 $173,270.48 $493.39 $0.00 $979.70 $174,743.57
196 $174,743.57 $493.39 $0.00 $988.03 $176,224.99
197 $176,224.99 $493.39 $0.00 $996.40 $177,714.78
198 $177,714.78 $493.39 $0.00 $1,004.83 $179,213.00
199 $179,213.00 $493.39 $0.00 $1,013.30 $180,719.69
200 $180,719.69 $493.39 $0.00 $1,021.82 $182,234.90
201 $182,234.90 $493.39 $0.00 $1,030.38 $183,758.67
202 $183,758.67 $493.39 $0.00 $1,039.00 $185,291.06
203 $185,291.06 $493.39 $0.00 $1,047.66 $186,832.11
204 $186,832.11 $493.39 $0.00 $1,056.38 $188,381.88
205 $188,381.88 $493.39 $0.00 $1,065.14 $189,940.41
206 $189,940.41 $493.39 $0.00 $1,073.95 $191,507.75
207 $191,507.75 $493.39 $0.00 $1,082.81 $193,083.95
208 $193,083.95 $493.39 $0.00 $1,091.72 $194,669.06
209 $194,669.06 $493.39 $0.00 $1,100.69 $196,263.14
210 $196,263.14 $493.39 $0.00 $1,109.70 $197,866.23
211 $197,866.23 $493.39 $0.00 $1,118.76 $199,478.38
212 $199,478.38 $493.39 $0.00 $1,127.88 $201,099.65
213 $201,099.65 $493.39 $0.00 $1,137.05 $202,730.09
214 $202,730.09 $493.39 $0.00 $1,146.27 $204,369.75
215 $204,369.75 $493.39 $0.00 $1,155.54 $206,018.68
216 $206,018.68 $493.39 $0.00 $1,164.86 $207,676.93
217 $207,676.93 $493.39 $57,845.50 $1,174.24 $151,499.06
218 $151,499.06 $493.39 $0.00 $856.60 $152,849.05
219 $152,849.05 $493.39 $0.00 $864.23 $154,206.67
220 $154,206.67 $493.39 $0.00 $871.91 $155,571.97
221 $155,571.97 $493.39 $0.00 $879.63 $156,944.99
222 $156,944.99 $493.39 $0.00 $887.39 $158,325.77
223 $158,325.77 $493.39 $0.00 $895.20 $159,714.36
224 $159,714.36 $493.39 $0.00 $903.05 $161,110.80
225 $161,110.80 $493.39 $0.00 $910.94 $162,515.13
226 $162,515.13 $493.39 $0.00 $918.88 $163,927.40
227 $163,927.40 $493.39 $0.00 $926.87 $165,347.66
228 $165,347.66 $493.39 $0.00 $934.90 $166,775.95
229 $166,775.95 $493.39 $60,737.77 $942.98 $107,474.55
230 $107,474.55 $493.39 $0.00 $607.68 $108,575.62
231 $108,575.62 $493.39 $0.00 $613.90 $109,682.91
232 $109,682.91 $493.39 $0.00 $620.16 $110,796.46
233 $110,796.46 $493.39 $0.00 $626.46 $111,916.31
234 $111,916.31 $493.39 $0.00 $632.79 $113,042.49
235 $113,042.49 $493.39 $0.00 $639.16 $114,175.04
236 $114,175.04 $493.39 $0.00 $645.56 $115,313.99
237 $115,313.99 $493.39 $0.00 $652.00 $116,459.38
238 $116,459.38 $493.39 $0.00 $658.48 $117,611.25
239 $117,611.25 $493.39 $0.00 $664.99 $118,769.63
240 $118,769.63 $493.39 $0.00 $671.54 $119,934.56
241 $119,934.56 $493.39 $63,774.66 $678.13 $57,331.42
242 $57,331.42 $493.39 $0.00 $324.16 $58,148.97
243 $58,148.97 $493.39 $0.00 $328.78 $58,971.14
244 $58,971.14 $493.39 $0.00 $333.43 $59,797.96
245 $59,797.96 $493.39 $0.00 $338.11 $60,629.46
246 $60,629.46 $493.39 $0.00 $342.81 $61,465.66
247 $61,465.66 $493.39 $0.00 $347.54 $62,306.59
248 $62,306.59 $493.39 $0.00 $352.29 $63,152.27
249 $63,152.27 $493.39 $0.00 $357.07 $64,002.73
250 $64,002.73 $493.39 $0.00 $361.88 $64,858.00
251 $64,858.00 $493.39 $0.00 $366.72 $65,718.11
252 $65,718.11 $493.39 $0.00 $371.58 $66,583.08
253 $66,583.08 $0.00 $66,963.40 $376.47 ($3.85)