# 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 enrollment 18 Annual Tuition Increase 5% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 4

## Current Savings Shortfall

### College Savings Calculator

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

## 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)