Savings Plan and Future Cost Estimation for University of Miami

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$195,346
Monthly savings required$1,546

How much will it cost to send your child to University of Miami in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $781,385.26 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,546.33 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$75,330.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford University of Miami in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,546.33 $0.00 $0.00 $1,546.33
2 $1,546.33 $1,546.33 $0.00 $8.74 $3,101.40
3 $3,101.40 $1,546.33 $0.00 $17.54 $4,665.27
4 $4,665.27 $1,546.33 $0.00 $26.38 $6,237.98
5 $6,237.98 $1,546.33 $0.00 $35.27 $7,819.58
6 $7,819.58 $1,546.33 $0.00 $44.21 $9,410.12
7 $9,410.12 $1,546.33 $0.00 $53.21 $11,009.66
8 $11,009.66 $1,546.33 $0.00 $62.25 $12,618.24
9 $12,618.24 $1,546.33 $0.00 $71.35 $14,235.92
10 $14,235.92 $1,546.33 $0.00 $80.49 $15,862.74
11 $15,862.74 $1,546.33 $0.00 $89.69 $17,498.76
12 $17,498.76 $1,546.33 $0.00 $98.94 $19,144.03
13 $19,144.03 $1,546.33 $0.00 $108.24 $20,798.60
14 $20,798.60 $1,546.33 $0.00 $117.60 $22,462.53
15 $22,462.53 $1,546.33 $0.00 $127.01 $24,135.87
16 $24,135.87 $1,546.33 $0.00 $136.47 $25,818.67
17 $25,818.67 $1,546.33 $0.00 $145.98 $27,510.98
18 $27,510.98 $1,546.33 $0.00 $155.55 $29,212.86
19 $29,212.86 $1,546.33 $0.00 $165.17 $30,924.36
20 $30,924.36 $1,546.33 $0.00 $174.85 $32,645.54
21 $32,645.54 $1,546.33 $0.00 $184.58 $34,376.45
22 $34,376.45 $1,546.33 $0.00 $194.37 $36,117.15
23 $36,117.15 $1,546.33 $0.00 $204.21 $37,867.69
24 $37,867.69 $1,546.33 $0.00 $214.11 $39,628.13
25 $39,628.13 $1,546.33 $0.00 $224.06 $41,398.52
26 $41,398.52 $1,546.33 $0.00 $234.07 $43,178.92
27 $43,178.92 $1,546.33 $0.00 $244.14 $44,969.39
28 $44,969.39 $1,546.33 $0.00 $254.26 $46,769.98
29 $46,769.98 $1,546.33 $0.00 $264.44 $48,580.75
30 $48,580.75 $1,546.33 $0.00 $274.68 $50,401.76
31 $50,401.76 $1,546.33 $0.00 $284.98 $52,233.07
32 $52,233.07 $1,546.33 $0.00 $295.33 $54,074.73
33 $54,074.73 $1,546.33 $0.00 $305.75 $55,926.81
34 $55,926.81 $1,546.33 $0.00 $316.22 $57,789.36
35 $57,789.36 $1,546.33 $0.00 $326.75 $59,662.44
36 $59,662.44 $1,546.33 $0.00 $337.34 $61,546.11
37 $61,546.11 $1,546.33 $0.00 $347.99 $63,440.43
38 $63,440.43 $1,546.33 $0.00 $358.70 $65,345.46
39 $65,345.46 $1,546.33 $0.00 $369.47 $67,261.26
40 $67,261.26 $1,546.33 $0.00 $380.30 $69,187.89
41 $69,187.89 $1,546.33 $0.00 $391.20 $71,125.42
42 $71,125.42 $1,546.33 $0.00 $402.15 $73,073.90
43 $73,073.90 $1,546.33 $0.00 $413.17 $75,033.40
44 $75,033.40 $1,546.33 $0.00 $424.25 $77,003.98
45 $77,003.98 $1,546.33 $0.00 $435.39 $78,985.70
46 $78,985.70 $1,546.33 $0.00 $446.60 $80,978.63
47 $80,978.63 $1,546.33 $0.00 $457.86 $82,982.82
48 $82,982.82 $1,546.33 $0.00 $469.20 $84,998.35
49 $84,998.35 $1,546.33 $0.00 $480.59 $87,025.27
50 $87,025.27 $1,546.33 $0.00 $492.05 $89,063.65
51 $89,063.65 $1,546.33 $0.00 $503.58 $91,113.56
52 $91,113.56 $1,546.33 $0.00 $515.17 $93,175.06
53 $93,175.06 $1,546.33 $0.00 $526.83 $95,248.22
54 $95,248.22 $1,546.33 $0.00 $538.55 $97,333.10
55 $97,333.10 $1,546.33 $0.00 $550.34 $99,429.77
56 $99,429.77 $1,546.33 $0.00 $562.19 $101,538.29
57 $101,538.29 $1,546.33 $0.00 $574.11 $103,658.73
58 $103,658.73 $1,546.33 $0.00 $586.10 $105,791.16
59 $105,791.16 $1,546.33 $0.00 $598.16 $107,935.65
60 $107,935.65 $1,546.33 $0.00 $610.28 $110,092.26
61 $110,092.26 $1,546.33 $0.00 $622.48 $112,261.07
62 $112,261.07 $1,546.33 $0.00 $634.74 $114,442.14
63 $114,442.14 $1,546.33 $0.00 $647.07 $116,635.54
64 $116,635.54 $1,546.33 $0.00 $659.47 $118,841.34
65 $118,841.34 $1,546.33 $0.00 $671.95 $121,059.62
66 $121,059.62 $1,546.33 $0.00 $684.49 $123,290.44
67 $123,290.44 $1,546.33 $0.00 $697.10 $125,533.87
68 $125,533.87 $1,546.33 $0.00 $709.79 $127,789.99
69 $127,789.99 $1,546.33 $0.00 $722.54 $130,058.86
70 $130,058.86 $1,546.33 $0.00 $735.37 $132,340.56
71 $132,340.56 $1,546.33 $0.00 $748.27 $134,635.16
72 $134,635.16 $1,546.33 $0.00 $761.25 $136,942.74
73 $136,942.74 $1,546.33 $0.00 $774.29 $139,263.36
74 $139,263.36 $1,546.33 $0.00 $787.42 $141,597.11
75 $141,597.11 $1,546.33 $0.00 $800.61 $143,944.05
76 $143,944.05 $1,546.33 $0.00 $813.88 $146,304.26
77 $146,304.26 $1,546.33 $0.00 $827.23 $148,677.82
78 $148,677.82 $1,546.33 $0.00 $840.65 $151,064.80
79 $151,064.80 $1,546.33 $0.00 $854.14 $153,465.27
80 $153,465.27 $1,546.33 $0.00 $867.71 $155,879.31
81 $155,879.31 $1,546.33 $0.00 $881.36 $158,307.00
82 $158,307.00 $1,546.33 $0.00 $895.09 $160,748.42
83 $160,748.42 $1,546.33 $0.00 $908.89 $163,203.64
84 $163,203.64 $1,546.33 $0.00 $922.78 $165,672.75
85 $165,672.75 $1,546.33 $0.00 $936.74 $168,155.82
86 $168,155.82 $1,546.33 $0.00 $950.78 $170,652.93
87 $170,652.93 $1,546.33 $0.00 $964.90 $173,164.16
88 $173,164.16 $1,546.33 $0.00 $979.10 $175,689.59
89 $175,689.59 $1,546.33 $0.00 $993.37 $178,229.29
90 $178,229.29 $1,546.33 $0.00 $1,007.73 $180,783.35
91 $180,783.35 $1,546.33 $0.00 $1,022.18 $183,351.86
92 $183,351.86 $1,546.33 $0.00 $1,036.70 $185,934.89
93 $185,934.89 $1,546.33 $0.00 $1,051.30 $188,532.52
94 $188,532.52 $1,546.33 $0.00 $1,065.99 $191,144.84
95 $191,144.84 $1,546.33 $0.00 $1,080.76 $193,771.93
96 $193,771.93 $1,546.33 $0.00 $1,095.61 $196,413.87
97 $196,413.87 $1,546.33 $0.00 $1,110.55 $199,070.75
98 $199,070.75 $1,546.33 $0.00 $1,125.57 $201,742.65
99 $201,742.65 $1,546.33 $0.00 $1,140.68 $204,429.66
100 $204,429.66 $1,546.33 $0.00 $1,155.88 $207,131.87
101 $207,131.87 $1,546.33 $0.00 $1,171.15 $209,849.35
102 $209,849.35 $1,546.33 $0.00 $1,186.52 $212,582.20
103 $212,582.20 $1,546.33 $0.00 $1,201.97 $215,330.50
104 $215,330.50 $1,546.33 $0.00 $1,217.51 $218,094.34
105 $218,094.34 $1,546.33 $0.00 $1,233.14 $220,873.81
106 $220,873.81 $1,546.33 $0.00 $1,248.85 $223,668.99
107 $223,668.99 $1,546.33 $0.00 $1,264.66 $226,479.98
108 $226,479.98 $1,546.33 $0.00 $1,280.55 $229,306.86
109 $229,306.86 $1,546.33 $0.00 $1,296.53 $232,149.72
110 $232,149.72 $1,546.33 $0.00 $1,312.61 $235,008.66
111 $235,008.66 $1,546.33 $0.00 $1,328.77 $237,883.76
112 $237,883.76 $1,546.33 $0.00 $1,345.03 $240,775.12
113 $240,775.12 $1,546.33 $0.00 $1,361.38 $243,682.83
114 $243,682.83 $1,546.33 $0.00 $1,377.82 $246,606.98
115 $246,606.98 $1,546.33 $0.00 $1,394.35 $249,547.66
116 $249,547.66 $1,546.33 $0.00 $1,410.98 $252,504.97
117 $252,504.97 $1,546.33 $0.00 $1,427.70 $255,479.00
118 $255,479.00 $1,546.33 $0.00 $1,444.52 $258,469.85
119 $258,469.85 $1,546.33 $0.00 $1,461.43 $261,477.61
120 $261,477.61 $1,546.33 $0.00 $1,478.43 $264,502.37
121 $264,502.37 $1,546.33 $0.00 $1,495.53 $267,544.23
122 $267,544.23 $1,546.33 $0.00 $1,512.73 $270,603.29
123 $270,603.29 $1,546.33 $0.00 $1,530.03 $273,679.65
124 $273,679.65 $1,546.33 $0.00 $1,547.42 $276,773.40
125 $276,773.40 $1,546.33 $0.00 $1,564.92 $279,884.65
126 $279,884.65 $1,546.33 $0.00 $1,582.51 $283,013.49
127 $283,013.49 $1,546.33 $0.00 $1,600.20 $286,160.02
128 $286,160.02 $1,546.33 $0.00 $1,617.99 $289,324.34
129 $289,324.34 $1,546.33 $0.00 $1,635.88 $292,506.55
130 $292,506.55 $1,546.33 $0.00 $1,653.87 $295,706.75
131 $295,706.75 $1,546.33 $0.00 $1,671.97 $298,925.05
132 $298,925.05 $1,546.33 $0.00 $1,690.17 $302,161.55
133 $302,161.55 $1,546.33 $0.00 $1,708.47 $305,416.35
134 $305,416.35 $1,546.33 $0.00 $1,726.87 $308,689.55
135 $308,689.55 $1,546.33 $0.00 $1,745.38 $311,981.26
136 $311,981.26 $1,546.33 $0.00 $1,763.99 $315,291.58
137 $315,291.58 $1,546.33 $0.00 $1,782.70 $318,620.61
138 $318,620.61 $1,546.33 $0.00 $1,801.53 $321,968.47
139 $321,968.47 $1,546.33 $0.00 $1,820.46 $325,335.26
140 $325,335.26 $1,546.33 $0.00 $1,839.49 $328,721.08
141 $328,721.08 $1,546.33 $0.00 $1,858.64 $332,126.05
142 $332,126.05 $1,546.33 $0.00 $1,877.89 $335,550.27
143 $335,550.27 $1,546.33 $0.00 $1,897.25 $338,993.85
144 $338,993.85 $1,546.33 $0.00 $1,916.72 $342,456.90
145 $342,456.90 $1,546.33 $0.00 $1,936.30 $345,939.53
146 $345,939.53 $1,546.33 $0.00 $1,955.99 $349,441.85
147 $349,441.85 $1,546.33 $0.00 $1,975.80 $352,963.98
148 $352,963.98 $1,546.33 $0.00 $1,995.71 $356,506.02
149 $356,506.02 $1,546.33 $0.00 $2,015.74 $360,068.09
150 $360,068.09 $1,546.33 $0.00 $2,035.88 $363,650.30
151 $363,650.30 $1,546.33 $0.00 $2,056.13 $367,252.76
152 $367,252.76 $1,546.33 $0.00 $2,076.50 $370,875.59
153 $370,875.59 $1,546.33 $0.00 $2,096.98 $374,518.90
154 $374,518.90 $1,546.33 $0.00 $2,117.58 $378,182.81
155 $378,182.81 $1,546.33 $0.00 $2,138.30 $381,867.44
156 $381,867.44 $1,546.33 $0.00 $2,159.13 $385,572.90
157 $385,572.90 $1,546.33 $0.00 $2,180.09 $389,299.32
158 $389,299.32 $1,546.33 $0.00 $2,201.15 $393,046.80
159 $393,046.80 $1,546.33 $0.00 $2,222.34 $396,815.47
160 $396,815.47 $1,546.33 $0.00 $2,243.65 $400,605.45
161 $400,605.45 $1,546.33 $0.00 $2,265.08 $404,416.86
162 $404,416.86 $1,546.33 $0.00 $2,286.63 $408,249.82
163 $408,249.82 $1,546.33 $0.00 $2,308.30 $412,104.45
164 $412,104.45 $1,546.33 $0.00 $2,330.10 $415,980.88
165 $415,980.88 $1,546.33 $0.00 $2,352.02 $419,879.23
166 $419,879.23 $1,546.33 $0.00 $2,374.06 $423,799.62
167 $423,799.62 $1,546.33 $0.00 $2,396.22 $427,742.17
168 $427,742.17 $1,546.33 $0.00 $2,418.52 $431,707.02
169 $431,707.02 $1,546.33 $0.00 $2,440.93 $435,694.28
170 $435,694.28 $1,546.33 $0.00 $2,463.48 $439,704.09
171 $439,704.09 $1,546.33 $0.00 $2,486.15 $443,736.57
172 $443,736.57 $1,546.33 $0.00 $2,508.95 $447,791.85
173 $447,791.85 $1,546.33 $0.00 $2,531.88 $451,870.06
174 $451,870.06 $1,546.33 $0.00 $2,554.94 $455,971.33
175 $455,971.33 $1,546.33 $0.00 $2,578.13 $460,095.79
176 $460,095.79 $1,546.33 $0.00 $2,601.45 $464,243.57
177 $464,243.57 $1,546.33 $0.00 $2,624.90 $468,414.80
178 $468,414.80 $1,546.33 $0.00 $2,648.49 $472,609.62
179 $472,609.62 $1,546.33 $0.00 $2,672.20 $476,828.15
180 $476,828.15 $1,546.33 $0.00 $2,696.06 $481,070.54
181 $481,070.54 $1,546.33 $0.00 $2,720.04 $485,336.91
182 $485,336.91 $1,546.33 $0.00 $2,744.17 $489,627.41
183 $489,627.41 $1,546.33 $0.00 $2,768.42 $493,942.16
184 $493,942.16 $1,546.33 $0.00 $2,792.82 $498,281.31
185 $498,281.31 $1,546.33 $0.00 $2,817.35 $502,644.99
186 $502,644.99 $1,546.33 $0.00 $2,842.03 $507,033.35
187 $507,033.35 $1,546.33 $0.00 $2,866.84 $511,446.52
188 $511,446.52 $1,546.33 $0.00 $2,891.79 $515,884.64
189 $515,884.64 $1,546.33 $0.00 $2,916.89 $520,347.86
190 $520,347.86 $1,546.33 $0.00 $2,942.12 $524,836.31
191 $524,836.31 $1,546.33 $0.00 $2,967.50 $529,350.14
192 $529,350.14 $1,546.33 $0.00 $2,993.02 $533,889.49
193 $533,889.49 $1,546.33 $0.00 $3,018.69 $538,454.51
194 $538,454.51 $1,546.33 $0.00 $3,044.50 $543,045.34
195 $543,045.34 $1,546.33 $0.00 $3,070.46 $547,662.13
196 $547,662.13 $1,546.33 $0.00 $3,096.56 $552,305.02
197 $552,305.02 $1,546.33 $0.00 $3,122.81 $556,974.16
198 $556,974.16 $1,546.33 $0.00 $3,149.21 $561,669.70
199 $561,669.70 $1,546.33 $0.00 $3,175.76 $566,391.79
200 $566,391.79 $1,546.33 $0.00 $3,202.46 $571,140.58
201 $571,140.58 $1,546.33 $0.00 $3,229.31 $575,916.22
202 $575,916.22 $1,546.33 $0.00 $3,256.31 $580,718.86
203 $580,718.86 $1,546.33 $0.00 $3,283.47 $585,548.66
204 $585,548.66 $1,546.33 $0.00 $3,310.78 $590,405.77
205 $590,405.77 $1,546.33 $0.00 $3,338.24 $595,290.34
206 $595,290.34 $1,546.33 $0.00 $3,365.86 $600,202.53
207 $600,202.53 $1,546.33 $0.00 $3,393.63 $605,142.49
208 $605,142.49 $1,546.33 $0.00 $3,421.56 $610,110.38
209 $610,110.38 $1,546.33 $0.00 $3,449.65 $615,106.36
210 $615,106.36 $1,546.33 $0.00 $3,477.90 $620,130.59
211 $620,130.59 $1,546.33 $0.00 $3,506.31 $625,183.23
212 $625,183.23 $1,546.33 $0.00 $3,534.88 $630,264.44
213 $630,264.44 $1,546.33 $0.00 $3,563.61 $635,374.38
214 $635,374.38 $1,546.33 $0.00 $3,592.50 $640,513.21
215 $640,513.21 $1,546.33 $0.00 $3,621.55 $645,681.09
216 $645,681.09 $1,546.33 $0.00 $3,650.77 $650,878.19
217 $650,878.19 $1,546.33 $181,290.63 $3,680.16 $474,814.05
218 $474,814.05 $1,546.33 $0.00 $2,684.67 $479,045.05
219 $479,045.05 $1,546.33 $0.00 $2,708.59 $483,299.97
220 $483,299.97 $1,546.33 $0.00 $2,732.65 $487,578.95
221 $487,578.95 $1,546.33 $0.00 $2,756.84 $491,882.12
222 $491,882.12 $1,546.33 $0.00 $2,781.17 $496,209.62
223 $496,209.62 $1,546.33 $0.00 $2,805.64 $500,561.59
224 $500,561.59 $1,546.33 $0.00 $2,830.25 $504,938.17
225 $504,938.17 $1,546.33 $0.00 $2,854.99 $509,339.49
226 $509,339.49 $1,546.33 $0.00 $2,879.88 $513,765.70
227 $513,765.70 $1,546.33 $0.00 $2,904.91 $518,216.94
228 $518,216.94 $1,546.33 $0.00 $2,930.07 $522,693.34
229 $522,693.34 $1,546.33 $190,355.16 $2,955.38 $336,839.89
230 $336,839.89 $1,546.33 $0.00 $1,904.54 $340,290.76
231 $340,290.76 $1,546.33 $0.00 $1,924.05 $343,761.14
232 $343,761.14 $1,546.33 $0.00 $1,943.68 $347,251.15
233 $347,251.15 $1,546.33 $0.00 $1,963.41 $350,760.89
234 $350,760.89 $1,546.33 $0.00 $1,983.25 $354,290.47
235 $354,290.47 $1,546.33 $0.00 $2,003.21 $357,840.01
236 $357,840.01 $1,546.33 $0.00 $2,023.28 $361,409.62
237 $361,409.62 $1,546.33 $0.00 $2,043.46 $364,999.41
238 $364,999.41 $1,546.33 $0.00 $2,063.76 $368,609.50
239 $368,609.50 $1,546.33 $0.00 $2,084.17 $372,240.00
240 $372,240.00 $1,546.33 $0.00 $2,104.70 $375,891.03
241 $375,891.03 $1,546.33 $199,872.92 $2,125.34 $179,689.78
242 $179,689.78 $1,546.33 $0.00 $1,015.99 $182,252.10
243 $182,252.10 $1,546.33 $0.00 $1,030.48 $184,828.91
244 $184,828.91 $1,546.33 $0.00 $1,045.05 $187,420.29
245 $187,420.29 $1,546.33 $0.00 $1,059.70 $190,026.32
246 $190,026.32 $1,546.33 $0.00 $1,074.44 $192,647.09
247 $192,647.09 $1,546.33 $0.00 $1,089.25 $195,282.67
248 $195,282.67 $1,546.33 $0.00 $1,104.16 $197,933.16
249 $197,933.16 $1,546.33 $0.00 $1,119.14 $200,598.63
250 $200,598.63 $1,546.33 $0.00 $1,134.21 $203,279.17
251 $203,279.17 $1,546.33 $0.00 $1,149.37 $205,974.87
252 $205,974.87 $1,546.33 $0.00 $1,164.61 $208,685.81
253 $208,685.81 $0.00 $209,866.56 $1,179.94 ($0.81)