Savings Plan and Future Cost Estimation for 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$57,880
Monthly savings required$458

How much will it cost to send your child to Thomas University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $231,521.56 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $458.17 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$22,320.00
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 $458.17 $0.00 $0.00 $458.17
2 $458.17 $458.17 $0.00 $2.59 $918.93
3 $918.93 $458.17 $0.00 $5.20 $1,382.30
4 $1,382.30 $458.17 $0.00 $7.82 $1,848.29
5 $1,848.29 $458.17 $0.00 $10.45 $2,316.91
6 $2,316.91 $458.17 $0.00 $13.10 $2,788.18
7 $2,788.18 $458.17 $0.00 $15.76 $3,262.11
8 $3,262.11 $458.17 $0.00 $18.44 $3,738.72
9 $3,738.72 $458.17 $0.00 $21.14 $4,218.03
10 $4,218.03 $458.17 $0.00 $23.85 $4,700.05
11 $4,700.05 $458.17 $0.00 $26.57 $5,184.79
12 $5,184.79 $458.17 $0.00 $29.32 $5,672.28
13 $5,672.28 $458.17 $0.00 $32.07 $6,162.52
14 $6,162.52 $458.17 $0.00 $34.84 $6,655.53
15 $6,655.53 $458.17 $0.00 $37.63 $7,151.33
16 $7,151.33 $458.17 $0.00 $40.43 $7,649.93
17 $7,649.93 $458.17 $0.00 $43.25 $8,151.35
18 $8,151.35 $458.17 $0.00 $46.09 $8,655.61
19 $8,655.61 $458.17 $0.00 $48.94 $9,162.72
20 $9,162.72 $458.17 $0.00 $51.81 $9,672.70
21 $9,672.70 $458.17 $0.00 $54.69 $10,185.56
22 $10,185.56 $458.17 $0.00 $57.59 $10,701.32
23 $10,701.32 $458.17 $0.00 $60.51 $11,220.00
24 $11,220.00 $458.17 $0.00 $63.44 $11,741.61
25 $11,741.61 $458.17 $0.00 $66.39 $12,266.17
26 $12,266.17 $458.17 $0.00 $69.35 $12,793.69
27 $12,793.69 $458.17 $0.00 $72.34 $13,324.20
28 $13,324.20 $458.17 $0.00 $75.34 $13,857.71
29 $13,857.71 $458.17 $0.00 $78.35 $14,394.23
30 $14,394.23 $458.17 $0.00 $81.39 $14,933.79
31 $14,933.79 $458.17 $0.00 $84.44 $15,476.40
32 $15,476.40 $458.17 $0.00 $87.51 $16,022.08
33 $16,022.08 $458.17 $0.00 $90.59 $16,570.84
34 $16,570.84 $458.17 $0.00 $93.69 $17,122.70
35 $17,122.70 $458.17 $0.00 $96.81 $17,677.68
36 $17,677.68 $458.17 $0.00 $99.95 $18,235.80
37 $18,235.80 $458.17 $0.00 $103.11 $18,797.08
38 $18,797.08 $458.17 $0.00 $106.28 $19,361.53
39 $19,361.53 $458.17 $0.00 $109.47 $19,929.17
40 $19,929.17 $458.17 $0.00 $112.68 $20,500.02
41 $20,500.02 $458.17 $0.00 $115.91 $21,074.10
42 $21,074.10 $458.17 $0.00 $119.16 $21,651.43
43 $21,651.43 $458.17 $0.00 $122.42 $22,232.02
44 $22,232.02 $458.17 $0.00 $125.70 $22,815.89
45 $22,815.89 $458.17 $0.00 $129.00 $23,403.06
46 $23,403.06 $458.17 $0.00 $132.32 $23,993.55
47 $23,993.55 $458.17 $0.00 $135.66 $24,587.38
48 $24,587.38 $458.17 $0.00 $139.02 $25,184.57
49 $25,184.57 $458.17 $0.00 $142.40 $25,785.14
50 $25,785.14 $458.17 $0.00 $145.79 $26,389.10
51 $26,389.10 $458.17 $0.00 $149.21 $26,996.48
52 $26,996.48 $458.17 $0.00 $152.64 $27,607.29
53 $27,607.29 $458.17 $0.00 $156.10 $28,221.56
54 $28,221.56 $458.17 $0.00 $159.57 $28,839.30
55 $28,839.30 $458.17 $0.00 $163.06 $29,460.53
56 $29,460.53 $458.17 $0.00 $166.57 $30,085.27
57 $30,085.27 $458.17 $0.00 $170.11 $30,713.55
58 $30,713.55 $458.17 $0.00 $173.66 $31,345.38
59 $31,345.38 $458.17 $0.00 $177.23 $31,980.78
60 $31,980.78 $458.17 $0.00 $180.82 $32,619.77
61 $32,619.77 $458.17 $0.00 $184.44 $33,262.38
62 $33,262.38 $458.17 $0.00 $188.07 $33,908.62
63 $33,908.62 $458.17 $0.00 $191.72 $34,558.51
64 $34,558.51 $458.17 $0.00 $195.40 $35,212.08
65 $35,212.08 $458.17 $0.00 $199.09 $35,869.34
66 $35,869.34 $458.17 $0.00 $202.81 $36,530.32
67 $36,530.32 $458.17 $0.00 $206.55 $37,195.04
68 $37,195.04 $458.17 $0.00 $210.31 $37,863.52
69 $37,863.52 $458.17 $0.00 $214.09 $38,535.78
70 $38,535.78 $458.17 $0.00 $217.89 $39,211.84
71 $39,211.84 $458.17 $0.00 $221.71 $39,891.72
72 $39,891.72 $458.17 $0.00 $225.55 $40,575.44
73 $40,575.44 $458.17 $0.00 $229.42 $41,263.03
74 $41,263.03 $458.17 $0.00 $233.31 $41,954.51
75 $41,954.51 $458.17 $0.00 $237.22 $42,649.90
76 $42,649.90 $458.17 $0.00 $241.15 $43,349.22
77 $43,349.22 $458.17 $0.00 $245.10 $44,052.49
78 $44,052.49 $458.17 $0.00 $249.08 $44,759.74
79 $44,759.74 $458.17 $0.00 $253.08 $45,470.99
80 $45,470.99 $458.17 $0.00 $257.10 $46,186.26
81 $46,186.26 $458.17 $0.00 $261.14 $46,905.57
82 $46,905.57 $458.17 $0.00 $265.21 $47,628.95
83 $47,628.95 $458.17 $0.00 $269.30 $48,356.42
84 $48,356.42 $458.17 $0.00 $273.41 $49,088.00
85 $49,088.00 $458.17 $0.00 $277.55 $49,823.72
86 $49,823.72 $458.17 $0.00 $281.71 $50,563.60
87 $50,563.60 $458.17 $0.00 $285.89 $51,307.66
88 $51,307.66 $458.17 $0.00 $290.10 $52,055.93
89 $52,055.93 $458.17 $0.00 $294.33 $52,808.43
90 $52,808.43 $458.17 $0.00 $298.59 $53,565.19
91 $53,565.19 $458.17 $0.00 $302.87 $54,326.23
92 $54,326.23 $458.17 $0.00 $307.17 $55,091.57
93 $55,091.57 $458.17 $0.00 $311.50 $55,861.24
94 $55,861.24 $458.17 $0.00 $315.85 $56,635.26
95 $56,635.26 $458.17 $0.00 $320.22 $57,413.65
96 $57,413.65 $458.17 $0.00 $324.63 $58,196.45
97 $58,196.45 $458.17 $0.00 $329.05 $58,983.67
98 $58,983.67 $458.17 $0.00 $333.50 $59,775.34
99 $59,775.34 $458.17 $0.00 $337.98 $60,571.49
100 $60,571.49 $458.17 $0.00 $342.48 $61,372.14
101 $61,372.14 $458.17 $0.00 $347.01 $62,177.32
102 $62,177.32 $458.17 $0.00 $351.56 $62,987.05
103 $62,987.05 $458.17 $0.00 $356.14 $63,801.36
104 $63,801.36 $458.17 $0.00 $360.74 $64,620.27
105 $64,620.27 $458.17 $0.00 $365.37 $65,443.81
106 $65,443.81 $458.17 $0.00 $370.03 $66,272.01
107 $66,272.01 $458.17 $0.00 $374.71 $67,104.89
108 $67,104.89 $458.17 $0.00 $379.42 $67,942.48
109 $67,942.48 $458.17 $0.00 $384.16 $68,784.81
110 $68,784.81 $458.17 $0.00 $388.92 $69,631.90
111 $69,631.90 $458.17 $0.00 $393.71 $70,483.78
112 $70,483.78 $458.17 $0.00 $398.53 $71,340.48
113 $71,340.48 $458.17 $0.00 $403.37 $72,202.02
114 $72,202.02 $458.17 $0.00 $408.24 $73,068.43
115 $73,068.43 $458.17 $0.00 $413.14 $73,939.74
116 $73,939.74 $458.17 $0.00 $418.07 $74,815.98
117 $74,815.98 $458.17 $0.00 $423.02 $75,697.17
118 $75,697.17 $458.17 $0.00 $428.00 $76,583.34
119 $76,583.34 $458.17 $0.00 $433.01 $77,474.52
120 $77,474.52 $458.17 $0.00 $438.05 $78,370.74
121 $78,370.74 $458.17 $0.00 $443.12 $79,272.03
122 $79,272.03 $458.17 $0.00 $448.22 $80,178.42
123 $80,178.42 $458.17 $0.00 $453.34 $81,089.93
124 $81,089.93 $458.17 $0.00 $458.49 $82,006.59
125 $82,006.59 $458.17 $0.00 $463.68 $82,928.44
126 $82,928.44 $458.17 $0.00 $468.89 $83,855.50
127 $83,855.50 $458.17 $0.00 $474.13 $84,787.80
128 $84,787.80 $458.17 $0.00 $479.40 $85,725.37
129 $85,725.37 $458.17 $0.00 $484.70 $86,668.24
130 $86,668.24 $458.17 $0.00 $490.03 $87,616.44
131 $87,616.44 $458.17 $0.00 $495.40 $88,570.01
132 $88,570.01 $458.17 $0.00 $500.79 $89,528.97
133 $89,528.97 $458.17 $0.00 $506.21 $90,493.35
134 $90,493.35 $458.17 $0.00 $511.66 $91,463.18
135 $91,463.18 $458.17 $0.00 $517.15 $92,438.50
136 $92,438.50 $458.17 $0.00 $522.66 $93,419.33
137 $93,419.33 $458.17 $0.00 $528.21 $94,405.71
138 $94,405.71 $458.17 $0.00 $533.78 $95,397.66
139 $95,397.66 $458.17 $0.00 $539.39 $96,395.22
140 $96,395.22 $458.17 $0.00 $545.03 $97,398.42
141 $97,398.42 $458.17 $0.00 $550.70 $98,407.29
142 $98,407.29 $458.17 $0.00 $556.41 $99,421.87
143 $99,421.87 $458.17 $0.00 $562.15 $100,442.19
144 $100,442.19 $458.17 $0.00 $567.91 $101,468.27
145 $101,468.27 $458.17 $0.00 $573.72 $102,500.16
146 $102,500.16 $458.17 $0.00 $579.55 $103,537.88
147 $103,537.88 $458.17 $0.00 $585.42 $104,581.47
148 $104,581.47 $458.17 $0.00 $591.32 $105,630.96
149 $105,630.96 $458.17 $0.00 $597.25 $106,686.38
150 $106,686.38 $458.17 $0.00 $603.22 $107,747.77
151 $107,747.77 $458.17 $0.00 $609.22 $108,815.16
152 $108,815.16 $458.17 $0.00 $615.26 $109,888.59
153 $109,888.59 $458.17 $0.00 $621.33 $110,968.09
154 $110,968.09 $458.17 $0.00 $627.43 $112,053.69
155 $112,053.69 $458.17 $0.00 $633.57 $113,145.43
156 $113,145.43 $458.17 $0.00 $639.74 $114,243.34
157 $114,243.34 $458.17 $0.00 $645.95 $115,347.46
158 $115,347.46 $458.17 $0.00 $652.19 $116,457.82
159 $116,457.82 $458.17 $0.00 $658.47 $117,574.46
160 $117,574.46 $458.17 $0.00 $664.78 $118,697.41
161 $118,697.41 $458.17 $0.00 $671.13 $119,826.71
162 $119,826.71 $458.17 $0.00 $677.52 $120,962.40
163 $120,962.40 $458.17 $0.00 $683.94 $122,104.51
164 $122,104.51 $458.17 $0.00 $690.40 $123,253.08
165 $123,253.08 $458.17 $0.00 $696.89 $124,408.14
166 $124,408.14 $458.17 $0.00 $703.42 $125,569.73
167 $125,569.73 $458.17 $0.00 $709.99 $126,737.89
168 $126,737.89 $458.17 $0.00 $716.59 $127,912.65
169 $127,912.65 $458.17 $0.00 $723.24 $129,094.06
170 $129,094.06 $458.17 $0.00 $729.92 $130,282.15
171 $130,282.15 $458.17 $0.00 $736.63 $131,476.95
172 $131,476.95 $458.17 $0.00 $743.39 $132,678.51
173 $132,678.51 $458.17 $0.00 $750.18 $133,886.86
174 $133,886.86 $458.17 $0.00 $757.02 $135,102.05
175 $135,102.05 $458.17 $0.00 $763.89 $136,324.11
176 $136,324.11 $458.17 $0.00 $770.80 $137,553.08
177 $137,553.08 $458.17 $0.00 $777.75 $138,789.00
178 $138,789.00 $458.17 $0.00 $784.73 $140,031.90
179 $140,031.90 $458.17 $0.00 $791.76 $141,281.83
180 $141,281.83 $458.17 $0.00 $798.83 $142,538.83
181 $142,538.83 $458.17 $0.00 $805.94 $143,802.94
182 $143,802.94 $458.17 $0.00 $813.08 $145,074.19
183 $145,074.19 $458.17 $0.00 $820.27 $146,352.63
184 $146,352.63 $458.17 $0.00 $827.50 $147,638.30
185 $147,638.30 $458.17 $0.00 $834.77 $148,931.24
186 $148,931.24 $458.17 $0.00 $842.08 $150,231.49
187 $150,231.49 $458.17 $0.00 $849.43 $151,539.09
188 $151,539.09 $458.17 $0.00 $856.82 $152,854.08
189 $152,854.08 $458.17 $0.00 $864.26 $154,176.51
190 $154,176.51 $458.17 $0.00 $871.74 $155,506.42
191 $155,506.42 $458.17 $0.00 $879.26 $156,843.85
192 $156,843.85 $458.17 $0.00 $886.82 $158,188.84
193 $158,188.84 $458.17 $0.00 $894.42 $159,541.43
194 $159,541.43 $458.17 $0.00 $902.07 $160,901.67
195 $160,901.67 $458.17 $0.00 $909.76 $162,269.60
196 $162,269.60 $458.17 $0.00 $917.50 $163,645.27
197 $163,645.27 $458.17 $0.00 $925.27 $165,028.71
198 $165,028.71 $458.17 $0.00 $933.10 $166,419.98
199 $166,419.98 $458.17 $0.00 $940.96 $167,819.11
200 $167,819.11 $458.17 $0.00 $948.87 $169,226.15
201 $169,226.15 $458.17 $0.00 $956.83 $170,641.15
202 $170,641.15 $458.17 $0.00 $964.83 $172,064.15
203 $172,064.15 $458.17 $0.00 $972.88 $173,495.20
204 $173,495.20 $458.17 $0.00 $980.97 $174,934.34
205 $174,934.34 $458.17 $0.00 $989.10 $176,381.61
206 $176,381.61 $458.17 $0.00 $997.29 $177,837.07
207 $177,837.07 $458.17 $0.00 $1,005.52 $179,300.76
208 $179,300.76 $458.17 $0.00 $1,013.79 $180,772.72
209 $180,772.72 $458.17 $0.00 $1,022.12 $182,253.01
210 $182,253.01 $458.17 $0.00 $1,030.49 $183,741.67
211 $183,741.67 $458.17 $0.00 $1,038.90 $185,238.74
212 $185,238.74 $458.17 $0.00 $1,047.37 $186,744.28
213 $186,744.28 $458.17 $0.00 $1,055.88 $188,258.33
214 $188,258.33 $458.17 $0.00 $1,064.44 $189,780.94
215 $189,780.94 $458.17 $0.00 $1,073.05 $191,312.16
216 $191,312.16 $458.17 $0.00 $1,081.71 $192,852.04
217 $192,852.04 $458.17 $53,715.74 $1,090.41 $140,684.88
218 $140,684.88 $458.17 $0.00 $795.45 $141,938.50
219 $141,938.50 $458.17 $0.00 $802.54 $143,199.21
220 $143,199.21 $458.17 $0.00 $809.67 $144,467.05
221 $144,467.05 $458.17 $0.00 $816.84 $145,742.06
222 $145,742.06 $458.17 $0.00 $824.05 $147,024.28
223 $147,024.28 $458.17 $0.00 $831.30 $148,313.75
224 $148,313.75 $458.17 $0.00 $838.59 $149,610.51
225 $149,610.51 $458.17 $0.00 $845.92 $150,914.60
226 $150,914.60 $458.17 $0.00 $853.29 $152,226.06
227 $152,226.06 $458.17 $0.00 $860.71 $153,544.94
228 $153,544.94 $458.17 $0.00 $868.17 $154,871.28
229 $154,871.28 $458.17 $56,401.53 $875.66 $99,803.58
230 $99,803.58 $458.17 $0.00 $564.30 $100,826.05
231 $100,826.05 $458.17 $0.00 $570.09 $101,854.31
232 $101,854.31 $458.17 $0.00 $575.90 $102,888.38
233 $102,888.38 $458.17 $0.00 $581.75 $103,928.30
234 $103,928.30 $458.17 $0.00 $587.63 $104,974.10
235 $104,974.10 $458.17 $0.00 $593.54 $106,025.81
236 $106,025.81 $458.17 $0.00 $599.49 $107,083.47
237 $107,083.47 $458.17 $0.00 $605.47 $108,147.11
238 $108,147.11 $458.17 $0.00 $611.48 $109,216.76
239 $109,216.76 $458.17 $0.00 $617.53 $110,292.46
240 $110,292.46 $458.17 $0.00 $623.61 $111,374.24
241 $111,374.24 $458.17 $59,221.60 $629.73 $53,240.54
242 $53,240.54 $458.17 $0.00 $301.03 $53,999.74
243 $53,999.74 $458.17 $0.00 $305.32 $54,763.23
244 $54,763.23 $458.17 $0.00 $309.64 $55,531.04
245 $55,531.04 $458.17 $0.00 $313.98 $56,303.19
246 $56,303.19 $458.17 $0.00 $318.35 $57,079.71
247 $57,079.71 $458.17 $0.00 $322.74 $57,860.62
248 $57,860.62 $458.17 $0.00 $327.15 $58,645.94
249 $58,645.94 $458.17 $0.00 $331.59 $59,435.70
250 $59,435.70 $458.17 $0.00 $336.06 $60,229.93
251 $60,229.93 $458.17 $0.00 $340.55 $61,028.65
252 $61,028.65 $458.17 $0.00 $345.06 $61,831.88
253 $61,831.88 $0.00 $62,182.69 $349.61 ($1.20)