Savings Plan and Future Cost Estimation for University of Fort Lauderdale

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$54,040
Monthly savings required$428

How much will it cost to send your child to University of Fort Lauderdale in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $216,159.40 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $427.77 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$20,839.00
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 $427.77 $0.00 $0.00 $427.77
2 $427.77 $427.77 $0.00 $2.42 $857.96
3 $857.96 $427.77 $0.00 $4.85 $1,290.58
4 $1,290.58 $427.77 $0.00 $7.30 $1,725.65
5 $1,725.65 $427.77 $0.00 $9.76 $2,163.18
6 $2,163.18 $427.77 $0.00 $12.23 $2,603.18
7 $2,603.18 $427.77 $0.00 $14.72 $3,045.67
8 $3,045.67 $427.77 $0.00 $17.22 $3,490.66
9 $3,490.66 $427.77 $0.00 $19.74 $3,938.17
10 $3,938.17 $427.77 $0.00 $22.27 $4,388.21
11 $4,388.21 $427.77 $0.00 $24.81 $4,840.79
12 $4,840.79 $427.77 $0.00 $27.37 $5,295.93
13 $5,295.93 $427.77 $0.00 $29.94 $5,753.64
14 $5,753.64 $427.77 $0.00 $32.53 $6,213.94
15 $6,213.94 $427.77 $0.00 $35.13 $6,676.84
16 $6,676.84 $427.77 $0.00 $37.75 $7,142.36
17 $7,142.36 $427.77 $0.00 $40.38 $7,610.51
18 $7,610.51 $427.77 $0.00 $43.03 $8,081.31
19 $8,081.31 $427.77 $0.00 $45.69 $8,554.77
20 $8,554.77 $427.77 $0.00 $48.37 $9,030.91
21 $9,030.91 $427.77 $0.00 $51.06 $9,509.74
22 $9,509.74 $427.77 $0.00 $53.77 $9,991.28
23 $9,991.28 $427.77 $0.00 $56.49 $10,475.54
24 $10,475.54 $427.77 $0.00 $59.23 $10,962.54
25 $10,962.54 $427.77 $0.00 $61.98 $11,452.29
26 $11,452.29 $427.77 $0.00 $64.75 $11,944.81
27 $11,944.81 $427.77 $0.00 $67.54 $12,440.12
28 $12,440.12 $427.77 $0.00 $70.34 $12,938.23
29 $12,938.23 $427.77 $0.00 $73.15 $13,439.15
30 $13,439.15 $427.77 $0.00 $75.99 $13,942.91
31 $13,942.91 $427.77 $0.00 $78.84 $14,449.52
32 $14,449.52 $427.77 $0.00 $81.70 $14,958.99
33 $14,958.99 $427.77 $0.00 $84.58 $15,471.34
34 $15,471.34 $427.77 $0.00 $87.48 $15,986.59
35 $15,986.59 $427.77 $0.00 $90.39 $16,504.75
36 $16,504.75 $427.77 $0.00 $93.32 $17,025.84
37 $17,025.84 $427.77 $0.00 $96.27 $17,549.88
38 $17,549.88 $427.77 $0.00 $99.23 $18,076.88
39 $18,076.88 $427.77 $0.00 $102.21 $18,606.86
40 $18,606.86 $427.77 $0.00 $105.21 $19,139.84
41 $19,139.84 $427.77 $0.00 $108.22 $19,675.83
42 $19,675.83 $427.77 $0.00 $111.25 $20,214.85
43 $20,214.85 $427.77 $0.00 $114.30 $20,756.92
44 $20,756.92 $427.77 $0.00 $117.36 $21,302.05
45 $21,302.05 $427.77 $0.00 $120.44 $21,850.26
46 $21,850.26 $427.77 $0.00 $123.54 $22,401.57
47 $22,401.57 $427.77 $0.00 $126.66 $22,956.00
48 $22,956.00 $427.77 $0.00 $129.80 $23,513.57
49 $23,513.57 $427.77 $0.00 $132.95 $24,074.29
50 $24,074.29 $427.77 $0.00 $136.12 $24,638.18
51 $24,638.18 $427.77 $0.00 $139.31 $25,205.26
52 $25,205.26 $427.77 $0.00 $142.51 $25,775.54
53 $25,775.54 $427.77 $0.00 $145.74 $26,349.05
54 $26,349.05 $427.77 $0.00 $148.98 $26,925.80
55 $26,925.80 $427.77 $0.00 $152.24 $27,505.81
56 $27,505.81 $427.77 $0.00 $155.52 $28,089.10
57 $28,089.10 $427.77 $0.00 $158.82 $28,675.69
58 $28,675.69 $427.77 $0.00 $162.14 $29,265.60
59 $29,265.60 $427.77 $0.00 $165.47 $29,858.84
60 $29,858.84 $427.77 $0.00 $168.83 $30,455.44
61 $30,455.44 $427.77 $0.00 $172.20 $31,055.41
62 $31,055.41 $427.77 $0.00 $175.59 $31,658.77
63 $31,658.77 $427.77 $0.00 $179.00 $32,265.54
64 $32,265.54 $427.77 $0.00 $182.43 $32,875.74
65 $32,875.74 $427.77 $0.00 $185.88 $33,489.39
66 $33,489.39 $427.77 $0.00 $189.35 $34,106.51
67 $34,106.51 $427.77 $0.00 $192.84 $34,727.12
68 $34,727.12 $427.77 $0.00 $196.35 $35,351.24
69 $35,351.24 $427.77 $0.00 $199.88 $35,978.89
70 $35,978.89 $427.77 $0.00 $203.43 $36,610.09
71 $36,610.09 $427.77 $0.00 $207.00 $37,244.86
72 $37,244.86 $427.77 $0.00 $210.59 $37,883.22
73 $37,883.22 $427.77 $0.00 $214.20 $38,525.19
74 $38,525.19 $427.77 $0.00 $217.83 $39,170.79
75 $39,170.79 $427.77 $0.00 $221.48 $39,820.04
76 $39,820.04 $427.77 $0.00 $225.15 $40,472.96
77 $40,472.96 $427.77 $0.00 $228.84 $41,129.57
78 $41,129.57 $427.77 $0.00 $232.55 $41,789.89
79 $41,789.89 $427.77 $0.00 $236.29 $42,453.95
80 $42,453.95 $427.77 $0.00 $240.04 $43,121.76
81 $43,121.76 $427.77 $0.00 $243.82 $43,793.35
82 $43,793.35 $427.77 $0.00 $247.61 $44,468.73
83 $44,468.73 $427.77 $0.00 $251.43 $45,147.93
84 $45,147.93 $427.77 $0.00 $255.27 $45,830.97
85 $45,830.97 $427.77 $0.00 $259.13 $46,517.87
86 $46,517.87 $427.77 $0.00 $263.02 $47,208.66
87 $47,208.66 $427.77 $0.00 $266.92 $47,903.35
88 $47,903.35 $427.77 $0.00 $270.85 $48,601.97
89 $48,601.97 $427.77 $0.00 $274.80 $49,304.54
90 $49,304.54 $427.77 $0.00 $278.78 $50,011.09
91 $50,011.09 $427.77 $0.00 $282.77 $50,721.63
92 $50,721.63 $427.77 $0.00 $286.79 $51,436.19
93 $51,436.19 $427.77 $0.00 $290.83 $52,154.79
94 $52,154.79 $427.77 $0.00 $294.89 $52,877.45
95 $52,877.45 $427.77 $0.00 $298.98 $53,604.20
96 $53,604.20 $427.77 $0.00 $303.09 $54,335.06
97 $54,335.06 $427.77 $0.00 $307.22 $55,070.05
98 $55,070.05 $427.77 $0.00 $311.37 $55,809.19
99 $55,809.19 $427.77 $0.00 $315.55 $56,552.51
100 $56,552.51 $427.77 $0.00 $319.76 $57,300.04
101 $57,300.04 $427.77 $0.00 $323.98 $58,051.79
102 $58,051.79 $427.77 $0.00 $328.23 $58,807.79
103 $58,807.79 $427.77 $0.00 $332.51 $59,568.07
104 $59,568.07 $427.77 $0.00 $336.81 $60,332.65
105 $60,332.65 $427.77 $0.00 $341.13 $61,101.55
106 $61,101.55 $427.77 $0.00 $345.48 $61,874.80
107 $61,874.80 $427.77 $0.00 $349.85 $62,652.42
108 $62,652.42 $427.77 $0.00 $354.25 $63,434.44
109 $63,434.44 $427.77 $0.00 $358.67 $64,220.88
110 $64,220.88 $427.77 $0.00 $363.11 $65,011.76
111 $65,011.76 $427.77 $0.00 $367.59 $65,807.12
112 $65,807.12 $427.77 $0.00 $372.08 $66,606.97
113 $66,606.97 $427.77 $0.00 $376.61 $67,411.35
114 $67,411.35 $427.77 $0.00 $381.15 $68,220.27
115 $68,220.27 $427.77 $0.00 $385.73 $69,033.77
116 $69,033.77 $427.77 $0.00 $390.33 $69,851.87
117 $69,851.87 $427.77 $0.00 $394.95 $70,674.59
118 $70,674.59 $427.77 $0.00 $399.60 $71,501.96
119 $71,501.96 $427.77 $0.00 $404.28 $72,334.01
120 $72,334.01 $427.77 $0.00 $408.99 $73,170.77
121 $73,170.77 $427.77 $0.00 $413.72 $74,012.26
122 $74,012.26 $427.77 $0.00 $418.48 $74,858.51
123 $74,858.51 $427.77 $0.00 $423.26 $75,709.54
124 $75,709.54 $427.77 $0.00 $428.07 $76,565.38
125 $76,565.38 $427.77 $0.00 $432.91 $77,426.06
126 $77,426.06 $427.77 $0.00 $437.78 $78,291.61
127 $78,291.61 $427.77 $0.00 $442.67 $79,162.05
128 $79,162.05 $427.77 $0.00 $447.59 $80,037.41
129 $80,037.41 $427.77 $0.00 $452.54 $80,917.72
130 $80,917.72 $427.77 $0.00 $457.52 $81,803.01
131 $81,803.01 $427.77 $0.00 $462.53 $82,693.31
132 $82,693.31 $427.77 $0.00 $467.56 $83,588.64
133 $83,588.64 $427.77 $0.00 $472.62 $84,489.03
134 $84,489.03 $427.77 $0.00 $477.71 $85,394.51
135 $85,394.51 $427.77 $0.00 $482.83 $86,305.11
136 $86,305.11 $427.77 $0.00 $487.98 $87,220.86
137 $87,220.86 $427.77 $0.00 $493.16 $88,141.79
138 $88,141.79 $427.77 $0.00 $498.37 $89,067.93
139 $89,067.93 $427.77 $0.00 $503.60 $89,999.30
140 $89,999.30 $427.77 $0.00 $508.87 $90,935.94
141 $90,935.94 $427.77 $0.00 $514.17 $91,877.88
142 $91,877.88 $427.77 $0.00 $519.49 $92,825.14
143 $92,825.14 $427.77 $0.00 $524.85 $93,777.76
144 $93,777.76 $427.77 $0.00 $530.23 $94,735.76
145 $94,735.76 $427.77 $0.00 $535.65 $95,699.18
146 $95,699.18 $427.77 $0.00 $541.10 $96,668.05
147 $96,668.05 $427.77 $0.00 $546.58 $97,642.40
148 $97,642.40 $427.77 $0.00 $552.08 $98,622.25
149 $98,622.25 $427.77 $0.00 $557.62 $99,607.64
150 $99,607.64 $427.77 $0.00 $563.20 $100,598.61
151 $100,598.61 $427.77 $0.00 $568.80 $101,595.18
152 $101,595.18 $427.77 $0.00 $574.43 $102,597.38
153 $102,597.38 $427.77 $0.00 $580.10 $103,605.25
154 $103,605.25 $427.77 $0.00 $585.80 $104,618.82
155 $104,618.82 $427.77 $0.00 $591.53 $105,638.12
156 $105,638.12 $427.77 $0.00 $597.29 $106,663.18
157 $106,663.18 $427.77 $0.00 $603.09 $107,694.04
158 $107,694.04 $427.77 $0.00 $608.92 $108,730.73
159 $108,730.73 $427.77 $0.00 $614.78 $109,773.28
160 $109,773.28 $427.77 $0.00 $620.67 $110,821.72
161 $110,821.72 $427.77 $0.00 $626.60 $111,876.09
162 $111,876.09 $427.77 $0.00 $632.56 $112,936.42
163 $112,936.42 $427.77 $0.00 $638.56 $114,002.75
164 $114,002.75 $427.77 $0.00 $644.59 $115,075.11
165 $115,075.11 $427.77 $0.00 $650.65 $116,153.53
166 $116,153.53 $427.77 $0.00 $656.75 $117,238.05
167 $117,238.05 $427.77 $0.00 $662.88 $118,328.70
168 $118,328.70 $427.77 $0.00 $669.05 $119,425.52
169 $119,425.52 $427.77 $0.00 $675.25 $120,528.54
170 $120,528.54 $427.77 $0.00 $681.49 $121,637.80
171 $121,637.80 $427.77 $0.00 $687.76 $122,753.33
172 $122,753.33 $427.77 $0.00 $694.07 $123,875.17
173 $123,875.17 $427.77 $0.00 $700.41 $125,003.35
174 $125,003.35 $427.77 $0.00 $706.79 $126,137.91
175 $126,137.91 $427.77 $0.00 $713.20 $127,278.88
176 $127,278.88 $427.77 $0.00 $719.65 $128,426.30
177 $128,426.30 $427.77 $0.00 $726.14 $129,580.21
178 $129,580.21 $427.77 $0.00 $732.67 $130,740.65
179 $130,740.65 $427.77 $0.00 $739.23 $131,907.65
180 $131,907.65 $427.77 $0.00 $745.83 $133,081.25
181 $133,081.25 $427.77 $0.00 $752.46 $134,261.48
182 $134,261.48 $427.77 $0.00 $759.13 $135,448.38
183 $135,448.38 $427.77 $0.00 $765.84 $136,641.99
184 $136,641.99 $427.77 $0.00 $772.59 $137,842.35
185 $137,842.35 $427.77 $0.00 $779.38 $139,049.50
186 $139,049.50 $427.77 $0.00 $786.21 $140,263.48
187 $140,263.48 $427.77 $0.00 $793.07 $141,484.32
188 $141,484.32 $427.77 $0.00 $799.97 $142,712.06
189 $142,712.06 $427.77 $0.00 $806.91 $143,946.74
190 $143,946.74 $427.77 $0.00 $813.90 $145,188.41
191 $145,188.41 $427.77 $0.00 $820.92 $146,437.10
192 $146,437.10 $427.77 $0.00 $827.98 $147,692.85
193 $147,692.85 $427.77 $0.00 $835.08 $148,955.70
194 $148,955.70 $427.77 $0.00 $842.22 $150,225.69
195 $150,225.69 $427.77 $0.00 $849.40 $151,502.86
196 $151,502.86 $427.77 $0.00 $856.62 $152,787.25
197 $152,787.25 $427.77 $0.00 $863.88 $154,078.90
198 $154,078.90 $427.77 $0.00 $871.18 $155,377.85
199 $155,377.85 $427.77 $0.00 $878.53 $156,684.15
200 $156,684.15 $427.77 $0.00 $885.91 $157,997.83
201 $157,997.83 $427.77 $0.00 $893.34 $159,318.94
202 $159,318.94 $427.77 $0.00 $900.81 $160,647.52
203 $160,647.52 $427.77 $0.00 $908.32 $161,983.61
204 $161,983.61 $427.77 $0.00 $915.88 $163,327.26
205 $163,327.26 $427.77 $0.00 $923.48 $164,678.51
206 $164,678.51 $427.77 $0.00 $931.12 $166,037.40
207 $166,037.40 $427.77 $0.00 $938.80 $167,403.97
208 $167,403.97 $427.77 $0.00 $946.53 $168,778.27
209 $168,778.27 $427.77 $0.00 $954.30 $170,160.34
210 $170,160.34 $427.77 $0.00 $962.11 $171,550.22
211 $171,550.22 $427.77 $0.00 $969.97 $172,947.96
212 $172,947.96 $427.77 $0.00 $977.87 $174,353.60
213 $174,353.60 $427.77 $0.00 $985.82 $175,767.19
214 $175,767.19 $427.77 $0.00 $993.81 $177,188.77
215 $177,188.77 $427.77 $0.00 $1,001.85 $178,618.39
216 $178,618.39 $427.77 $0.00 $1,009.93 $180,056.09
217 $180,056.09 $427.77 $50,151.54 $1,018.06 $131,350.38
218 $131,350.38 $427.77 $0.00 $742.67 $132,520.82
219 $132,520.82 $427.77 $0.00 $749.29 $133,697.88
220 $133,697.88 $427.77 $0.00 $755.95 $134,881.60
221 $134,881.60 $427.77 $0.00 $762.64 $136,072.01
222 $136,072.01 $427.77 $0.00 $769.37 $137,269.15
223 $137,269.15 $427.77 $0.00 $776.14 $138,473.06
224 $138,473.06 $427.77 $0.00 $782.95 $139,683.78
225 $139,683.78 $427.77 $0.00 $789.79 $140,901.34
226 $140,901.34 $427.77 $0.00 $796.68 $142,125.79
227 $142,125.79 $427.77 $0.00 $803.60 $143,357.16
228 $143,357.16 $427.77 $0.00 $810.56 $144,595.49
229 $144,595.49 $427.77 $52,659.12 $817.56 $93,181.70
230 $93,181.70 $427.77 $0.00 $526.86 $94,136.33
231 $94,136.33 $427.77 $0.00 $532.26 $95,096.36
232 $95,096.36 $427.77 $0.00 $537.69 $96,061.82
233 $96,061.82 $427.77 $0.00 $543.15 $97,032.74
234 $97,032.74 $427.77 $0.00 $548.64 $98,009.15
235 $98,009.15 $427.77 $0.00 $554.16 $98,991.08
236 $98,991.08 $427.77 $0.00 $559.71 $99,978.56
237 $99,978.56 $427.77 $0.00 $565.29 $100,971.62
238 $100,971.62 $427.77 $0.00 $570.91 $101,970.30
239 $101,970.30 $427.77 $0.00 $576.55 $102,974.62
240 $102,974.62 $427.77 $0.00 $582.23 $103,984.62
241 $103,984.62 $427.77 $55,292.07 $587.94 $49,708.26
242 $49,708.26 $427.77 $0.00 $281.06 $50,417.09
243 $50,417.09 $427.77 $0.00 $285.07 $51,129.93
244 $51,129.93 $427.77 $0.00 $289.10 $51,846.80
245 $51,846.80 $427.77 $0.00 $293.15 $52,567.72
246 $52,567.72 $427.77 $0.00 $297.23 $53,292.72
247 $53,292.72 $427.77 $0.00 $301.32 $54,021.81
248 $54,021.81 $427.77 $0.00 $305.45 $54,755.03
249 $54,755.03 $427.77 $0.00 $309.59 $55,492.39
250 $55,492.39 $427.77 $0.00 $313.76 $56,233.92
251 $56,233.92 $427.77 $0.00 $317.95 $56,979.64
252 $56,979.64 $427.77 $0.00 $322.17 $57,729.58
253 $57,729.58 $0.00 $58,056.67 $326.41 ($0.68)