Savings Plan and Future Cost Estimation for University of Chicago

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$325,856
Monthly savings required$2,575

How much will it cost to send your child to University of Chicago in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,303,422.51 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,575.32 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$86,856.00
Years until enrollment18
Annual Tuition Increase7%
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 Chicago in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $2,575.32 $0.00 $0.00 $2,575.32
2 $2,575.32 $2,575.32 $0.00 $14.56 $5,165.20
3 $5,165.20 $2,575.32 $0.00 $29.20 $7,769.72
4 $7,769.72 $2,575.32 $0.00 $43.93 $10,388.97
5 $10,388.97 $2,575.32 $0.00 $58.74 $13,023.03
6 $13,023.03 $2,575.32 $0.00 $73.63 $15,671.98
7 $15,671.98 $2,575.32 $0.00 $88.61 $18,335.91
8 $18,335.91 $2,575.32 $0.00 $103.67 $21,014.90
9 $21,014.90 $2,575.32 $0.00 $118.82 $23,709.04
10 $23,709.04 $2,575.32 $0.00 $134.05 $26,418.41
11 $26,418.41 $2,575.32 $0.00 $149.37 $29,143.10
12 $29,143.10 $2,575.32 $0.00 $164.78 $31,883.20
13 $31,883.20 $2,575.32 $0.00 $180.27 $34,638.79
14 $34,638.79 $2,575.32 $0.00 $195.85 $37,409.96
15 $37,409.96 $2,575.32 $0.00 $211.52 $40,196.80
16 $40,196.80 $2,575.32 $0.00 $227.28 $42,999.40
17 $42,999.40 $2,575.32 $0.00 $243.12 $45,817.84
18 $45,817.84 $2,575.32 $0.00 $259.06 $48,652.22
19 $48,652.22 $2,575.32 $0.00 $275.09 $51,502.63
20 $51,502.63 $2,575.32 $0.00 $291.20 $54,369.15
21 $54,369.15 $2,575.32 $0.00 $307.41 $57,251.88
22 $57,251.88 $2,575.32 $0.00 $323.71 $60,150.91
23 $60,150.91 $2,575.32 $0.00 $340.10 $63,066.33
24 $63,066.33 $2,575.32 $0.00 $356.59 $65,998.24
25 $65,998.24 $2,575.32 $0.00 $373.16 $68,946.72
26 $68,946.72 $2,575.32 $0.00 $389.83 $71,911.87
27 $71,911.87 $2,575.32 $0.00 $406.60 $74,893.79
28 $74,893.79 $2,575.32 $0.00 $423.46 $77,892.57
29 $77,892.57 $2,575.32 $0.00 $440.42 $80,908.31
30 $80,908.31 $2,575.32 $0.00 $457.47 $83,941.10
31 $83,941.10 $2,575.32 $0.00 $474.62 $86,991.04
32 $86,991.04 $2,575.32 $0.00 $491.86 $90,058.22
33 $90,058.22 $2,575.32 $0.00 $509.20 $93,142.74
34 $93,142.74 $2,575.32 $0.00 $526.64 $96,244.70
35 $96,244.70 $2,575.32 $0.00 $544.18 $99,364.20
36 $99,364.20 $2,575.32 $0.00 $561.82 $102,501.34
37 $102,501.34 $2,575.32 $0.00 $579.56 $105,656.22
38 $105,656.22 $2,575.32 $0.00 $597.40 $108,828.94
39 $108,828.94 $2,575.32 $0.00 $615.33 $112,019.59
40 $112,019.59 $2,575.32 $0.00 $633.38 $115,228.29
41 $115,228.29 $2,575.32 $0.00 $651.52 $118,455.13
42 $118,455.13 $2,575.32 $0.00 $669.76 $121,700.21
43 $121,700.21 $2,575.32 $0.00 $688.11 $124,963.64
44 $124,963.64 $2,575.32 $0.00 $706.56 $128,245.52
45 $128,245.52 $2,575.32 $0.00 $725.12 $131,545.96
46 $131,545.96 $2,575.32 $0.00 $743.78 $134,865.06
47 $134,865.06 $2,575.32 $0.00 $762.55 $138,202.93
48 $138,202.93 $2,575.32 $0.00 $781.42 $141,559.67
49 $141,559.67 $2,575.32 $0.00 $800.40 $144,935.39
50 $144,935.39 $2,575.32 $0.00 $819.49 $148,330.20
51 $148,330.20 $2,575.32 $0.00 $838.68 $151,744.20
52 $151,744.20 $2,575.32 $0.00 $857.98 $155,177.50
53 $155,177.50 $2,575.32 $0.00 $877.40 $158,630.22
54 $158,630.22 $2,575.32 $0.00 $896.92 $162,102.46
55 $162,102.46 $2,575.32 $0.00 $916.55 $165,594.33
56 $165,594.33 $2,575.32 $0.00 $936.29 $169,105.94
57 $169,105.94 $2,575.32 $0.00 $956.15 $172,637.41
58 $172,637.41 $2,575.32 $0.00 $976.12 $176,188.85
59 $176,188.85 $2,575.32 $0.00 $996.20 $179,760.37
60 $179,760.37 $2,575.32 $0.00 $1,016.39 $183,352.08
61 $183,352.08 $2,575.32 $0.00 $1,036.70 $186,964.10
62 $186,964.10 $2,575.32 $0.00 $1,057.12 $190,596.54
63 $190,596.54 $2,575.32 $0.00 $1,077.66 $194,249.52
64 $194,249.52 $2,575.32 $0.00 $1,098.32 $197,923.16
65 $197,923.16 $2,575.32 $0.00 $1,119.09 $201,617.57
66 $201,617.57 $2,575.32 $0.00 $1,139.98 $205,332.87
67 $205,332.87 $2,575.32 $0.00 $1,160.98 $209,069.17
68 $209,069.17 $2,575.32 $0.00 $1,182.11 $212,826.60
69 $212,826.60 $2,575.32 $0.00 $1,203.35 $216,605.27
70 $216,605.27 $2,575.32 $0.00 $1,224.72 $220,405.31
71 $220,405.31 $2,575.32 $0.00 $1,246.20 $224,226.83
72 $224,226.83 $2,575.32 $0.00 $1,267.81 $228,069.96
73 $228,069.96 $2,575.32 $0.00 $1,289.54 $231,934.82
74 $231,934.82 $2,575.32 $0.00 $1,311.39 $235,821.53
75 $235,821.53 $2,575.32 $0.00 $1,333.37 $239,730.22
76 $239,730.22 $2,575.32 $0.00 $1,355.47 $243,661.01
77 $243,661.01 $2,575.32 $0.00 $1,377.69 $247,614.02
78 $247,614.02 $2,575.32 $0.00 $1,400.05 $251,589.39
79 $251,589.39 $2,575.32 $0.00 $1,422.52 $255,587.23
80 $255,587.23 $2,575.32 $0.00 $1,445.13 $259,607.68
81 $259,607.68 $2,575.32 $0.00 $1,467.86 $263,650.86
82 $263,650.86 $2,575.32 $0.00 $1,490.72 $267,716.90
83 $267,716.90 $2,575.32 $0.00 $1,513.71 $271,805.93
84 $271,805.93 $2,575.32 $0.00 $1,536.83 $275,918.08
85 $275,918.08 $2,575.32 $0.00 $1,560.08 $280,053.48
86 $280,053.48 $2,575.32 $0.00 $1,583.46 $284,212.26
87 $284,212.26 $2,575.32 $0.00 $1,606.98 $288,394.56
88 $288,394.56 $2,575.32 $0.00 $1,630.62 $292,600.50
89 $292,600.50 $2,575.32 $0.00 $1,654.41 $296,830.23
90 $296,830.23 $2,575.32 $0.00 $1,678.32 $301,083.87
91 $301,083.87 $2,575.32 $0.00 $1,702.37 $305,361.56
92 $305,361.56 $2,575.32 $0.00 $1,726.56 $309,663.44
93 $309,663.44 $2,575.32 $0.00 $1,750.88 $313,989.64
94 $313,989.64 $2,575.32 $0.00 $1,775.34 $318,340.30
95 $318,340.30 $2,575.32 $0.00 $1,799.94 $322,715.56
96 $322,715.56 $2,575.32 $0.00 $1,824.68 $327,115.56
97 $327,115.56 $2,575.32 $0.00 $1,849.56 $331,540.44
98 $331,540.44 $2,575.32 $0.00 $1,874.58 $335,990.34
99 $335,990.34 $2,575.32 $0.00 $1,899.74 $340,465.40
100 $340,465.40 $2,575.32 $0.00 $1,925.04 $344,965.76
101 $344,965.76 $2,575.32 $0.00 $1,950.49 $349,491.57
102 $349,491.57 $2,575.32 $0.00 $1,976.08 $354,042.97
103 $354,042.97 $2,575.32 $0.00 $2,001.81 $358,620.10
104 $358,620.10 $2,575.32 $0.00 $2,027.69 $363,223.11
105 $363,223.11 $2,575.32 $0.00 $2,053.72 $367,852.15
106 $367,852.15 $2,575.32 $0.00 $2,079.89 $372,507.36
107 $372,507.36 $2,575.32 $0.00 $2,106.21 $377,188.89
108 $377,188.89 $2,575.32 $0.00 $2,132.68 $381,896.89
109 $381,896.89 $2,575.32 $0.00 $2,159.30 $386,631.51
110 $386,631.51 $2,575.32 $0.00 $2,186.07 $391,392.90
111 $391,392.90 $2,575.32 $0.00 $2,212.99 $396,181.21
112 $396,181.21 $2,575.32 $0.00 $2,240.07 $400,996.60
113 $400,996.60 $2,575.32 $0.00 $2,267.29 $405,839.21
114 $405,839.21 $2,575.32 $0.00 $2,294.67 $410,709.20
115 $410,709.20 $2,575.32 $0.00 $2,322.21 $415,606.73
116 $415,606.73 $2,575.32 $0.00 $2,349.90 $420,531.95
117 $420,531.95 $2,575.32 $0.00 $2,377.75 $425,485.02
118 $425,485.02 $2,575.32 $0.00 $2,405.75 $430,466.09
119 $430,466.09 $2,575.32 $0.00 $2,433.92 $435,475.33
120 $435,475.33 $2,575.32 $0.00 $2,462.24 $440,512.89
121 $440,512.89 $2,575.32 $0.00 $2,490.72 $445,578.93
122 $445,578.93 $2,575.32 $0.00 $2,519.37 $450,673.62
123 $450,673.62 $2,575.32 $0.00 $2,548.17 $455,797.11
124 $455,797.11 $2,575.32 $0.00 $2,577.14 $460,949.57
125 $460,949.57 $2,575.32 $0.00 $2,606.28 $466,131.17
126 $466,131.17 $2,575.32 $0.00 $2,635.57 $471,342.06
127 $471,342.06 $2,575.32 $0.00 $2,665.04 $476,582.42
128 $476,582.42 $2,575.32 $0.00 $2,694.67 $481,852.41
129 $481,852.41 $2,575.32 $0.00 $2,724.46 $487,152.19
130 $487,152.19 $2,575.32 $0.00 $2,754.43 $492,481.94
131 $492,481.94 $2,575.32 $0.00 $2,784.56 $497,841.82
132 $497,841.82 $2,575.32 $0.00 $2,814.87 $503,232.01
133 $503,232.01 $2,575.32 $0.00 $2,845.35 $508,652.68
134 $508,652.68 $2,575.32 $0.00 $2,876.00 $514,104.00
135 $514,104.00 $2,575.32 $0.00 $2,906.82 $519,586.14
136 $519,586.14 $2,575.32 $0.00 $2,937.82 $525,099.28
137 $525,099.28 $2,575.32 $0.00 $2,968.99 $530,643.59
138 $530,643.59 $2,575.32 $0.00 $3,000.34 $536,219.25
139 $536,219.25 $2,575.32 $0.00 $3,031.86 $541,826.43
140 $541,826.43 $2,575.32 $0.00 $3,063.57 $547,465.32
141 $547,465.32 $2,575.32 $0.00 $3,095.45 $553,136.09
142 $553,136.09 $2,575.32 $0.00 $3,127.51 $558,838.92
143 $558,838.92 $2,575.32 $0.00 $3,159.76 $564,574.00
144 $564,574.00 $2,575.32 $0.00 $3,192.18 $570,341.50
145 $570,341.50 $2,575.32 $0.00 $3,224.79 $576,141.61
146 $576,141.61 $2,575.32 $0.00 $3,257.59 $581,974.52
147 $581,974.52 $2,575.32 $0.00 $3,290.57 $587,840.41
148 $587,840.41 $2,575.32 $0.00 $3,323.74 $593,739.47
149 $593,739.47 $2,575.32 $0.00 $3,357.09 $599,671.88
150 $599,671.88 $2,575.32 $0.00 $3,390.63 $605,637.83
151 $605,637.83 $2,575.32 $0.00 $3,424.36 $611,637.51
152 $611,637.51 $2,575.32 $0.00 $3,458.29 $617,671.12
153 $617,671.12 $2,575.32 $0.00 $3,492.40 $623,738.84
154 $623,738.84 $2,575.32 $0.00 $3,526.71 $629,840.87
155 $629,840.87 $2,575.32 $0.00 $3,561.21 $635,977.40
156 $635,977.40 $2,575.32 $0.00 $3,595.91 $642,148.63
157 $642,148.63 $2,575.32 $0.00 $3,630.80 $648,354.75
158 $648,354.75 $2,575.32 $0.00 $3,665.89 $654,595.96
159 $654,595.96 $2,575.32 $0.00 $3,701.18 $660,872.46
160 $660,872.46 $2,575.32 $0.00 $3,736.67 $667,184.45
161 $667,184.45 $2,575.32 $0.00 $3,772.36 $673,532.13
162 $673,532.13 $2,575.32 $0.00 $3,808.25 $679,915.70
163 $679,915.70 $2,575.32 $0.00 $3,844.34 $686,335.36
164 $686,335.36 $2,575.32 $0.00 $3,880.64 $692,791.32
165 $692,791.32 $2,575.32 $0.00 $3,917.14 $699,283.78
166 $699,283.78 $2,575.32 $0.00 $3,953.85 $705,812.95
167 $705,812.95 $2,575.32 $0.00 $3,990.77 $712,379.04
168 $712,379.04 $2,575.32 $0.00 $4,027.89 $718,982.25
169 $718,982.25 $2,575.32 $0.00 $4,065.23 $725,622.80
170 $725,622.80 $2,575.32 $0.00 $4,102.78 $732,300.90
171 $732,300.90 $2,575.32 $0.00 $4,140.54 $739,016.76
172 $739,016.76 $2,575.32 $0.00 $4,178.51 $745,770.59
173 $745,770.59 $2,575.32 $0.00 $4,216.70 $752,562.61
174 $752,562.61 $2,575.32 $0.00 $4,255.10 $759,393.03
175 $759,393.03 $2,575.32 $0.00 $4,293.72 $766,262.07
176 $766,262.07 $2,575.32 $0.00 $4,332.56 $773,169.95
177 $773,169.95 $2,575.32 $0.00 $4,371.62 $780,116.89
178 $780,116.89 $2,575.32 $0.00 $4,410.89 $787,103.10
179 $787,103.10 $2,575.32 $0.00 $4,450.40 $794,128.82
180 $794,128.82 $2,575.32 $0.00 $4,490.12 $801,194.26
181 $801,194.26 $2,575.32 $0.00 $4,530.07 $808,299.65
182 $808,299.65 $2,575.32 $0.00 $4,570.24 $815,445.21
183 $815,445.21 $2,575.32 $0.00 $4,610.65 $822,631.18
184 $822,631.18 $2,575.32 $0.00 $4,651.28 $829,857.78
185 $829,857.78 $2,575.32 $0.00 $4,692.14 $837,125.24
186 $837,125.24 $2,575.32 $0.00 $4,733.23 $844,433.79
187 $844,433.79 $2,575.32 $0.00 $4,774.55 $851,783.66
188 $851,783.66 $2,575.32 $0.00 $4,816.11 $859,175.09
189 $859,175.09 $2,575.32 $0.00 $4,857.90 $866,608.31
190 $866,608.31 $2,575.32 $0.00 $4,899.93 $874,083.56
191 $874,083.56 $2,575.32 $0.00 $4,942.20 $881,601.08
192 $881,601.08 $2,575.32 $0.00 $4,984.70 $889,161.10
193 $889,161.10 $2,575.32 $0.00 $5,027.45 $896,763.87
194 $896,763.87 $2,575.32 $0.00 $5,070.43 $904,409.62
195 $904,409.62 $2,575.32 $0.00 $5,113.66 $912,098.60
196 $912,098.60 $2,575.32 $0.00 $5,157.14 $919,831.06
197 $919,831.06 $2,575.32 $0.00 $5,200.86 $927,607.24
198 $927,607.24 $2,575.32 $0.00 $5,244.83 $935,427.39
199 $935,427.39 $2,575.32 $0.00 $5,289.04 $943,291.75
200 $943,291.75 $2,575.32 $0.00 $5,333.51 $951,200.58
201 $951,200.58 $2,575.32 $0.00 $5,378.23 $959,154.13
202 $959,154.13 $2,575.32 $0.00 $5,423.20 $967,152.65
203 $967,152.65 $2,575.32 $0.00 $5,468.42 $975,196.39
204 $975,196.39 $2,575.32 $0.00 $5,513.90 $983,285.61
205 $983,285.61 $2,575.32 $0.00 $5,559.64 $991,420.57
206 $991,420.57 $2,575.32 $0.00 $5,605.64 $999,601.53
207 $999,601.53 $2,575.32 $0.00 $5,651.89 $1,007,828.74
208 $1,007,828.74 $2,575.32 $0.00 $5,698.41 $1,016,102.47
209 $1,016,102.47 $2,575.32 $0.00 $5,745.19 $1,024,422.98
210 $1,024,422.98 $2,575.32 $0.00 $5,792.24 $1,032,790.54
211 $1,032,790.54 $2,575.32 $0.00 $5,839.55 $1,041,205.41
212 $1,041,205.41 $2,575.32 $0.00 $5,887.13 $1,049,667.86
213 $1,049,667.86 $2,575.32 $0.00 $5,934.97 $1,058,178.15
214 $1,058,178.15 $2,575.32 $0.00 $5,983.09 $1,066,736.56
215 $1,066,736.56 $2,575.32 $0.00 $6,031.48 $1,075,343.36
216 $1,075,343.36 $2,575.32 $0.00 $6,080.15 $1,083,998.83
217 $1,083,998.83 $2,575.32 $293,567.40 $6,129.09 $799,135.84
218 $799,135.84 $2,575.32 $0.00 $4,518.43 $806,229.59
219 $806,229.59 $2,575.32 $0.00 $4,558.54 $813,363.45
220 $813,363.45 $2,575.32 $0.00 $4,598.88 $820,537.65
221 $820,537.65 $2,575.32 $0.00 $4,639.44 $827,752.41
222 $827,752.41 $2,575.32 $0.00 $4,680.23 $835,007.96
223 $835,007.96 $2,575.32 $0.00 $4,721.26 $842,304.54
224 $842,304.54 $2,575.32 $0.00 $4,762.51 $849,642.37
225 $849,642.37 $2,575.32 $0.00 $4,804.00 $857,021.69
226 $857,021.69 $2,575.32 $0.00 $4,845.73 $864,442.74
227 $864,442.74 $2,575.32 $0.00 $4,887.68 $871,905.74
228 $871,905.74 $2,575.32 $0.00 $4,929.88 $879,410.94
229 $879,410.94 $2,575.32 $314,117.12 $4,972.32 $572,841.46
230 $572,841.46 $2,575.32 $0.00 $3,238.93 $578,655.71
231 $578,655.71 $2,575.32 $0.00 $3,271.80 $584,502.83
232 $584,502.83 $2,575.32 $0.00 $3,304.86 $590,383.01
233 $590,383.01 $2,575.32 $0.00 $3,338.11 $596,296.44
234 $596,296.44 $2,575.32 $0.00 $3,371.55 $602,243.31
235 $602,243.31 $2,575.32 $0.00 $3,405.17 $608,223.80
236 $608,223.80 $2,575.32 $0.00 $3,438.99 $614,238.11
237 $614,238.11 $2,575.32 $0.00 $3,472.99 $620,286.42
238 $620,286.42 $2,575.32 $0.00 $3,507.19 $626,368.93
239 $626,368.93 $2,575.32 $0.00 $3,541.58 $632,485.83
240 $632,485.83 $2,575.32 $0.00 $3,576.17 $638,637.32
241 $638,637.32 $2,575.32 $336,105.31 $3,610.95 $308,718.28
242 $308,718.28 $2,575.32 $0.00 $1,745.54 $313,039.14
243 $313,039.14 $2,575.32 $0.00 $1,769.97 $317,384.43
244 $317,384.43 $2,575.32 $0.00 $1,794.54 $321,754.29
245 $321,754.29 $2,575.32 $0.00 $1,819.25 $326,148.86
246 $326,148.86 $2,575.32 $0.00 $1,844.09 $330,568.27
247 $330,568.27 $2,575.32 $0.00 $1,869.08 $335,012.67
248 $335,012.67 $2,575.32 $0.00 $1,894.21 $339,482.20
249 $339,482.20 $2,575.32 $0.00 $1,919.48 $343,977.00
250 $343,977.00 $2,575.32 $0.00 $1,944.90 $348,497.22
251 $348,497.22 $2,575.32 $0.00 $1,970.45 $353,042.99
252 $353,042.99 $2,575.32 $0.00 $1,996.16 $357,614.47
253 $357,614.47 $0.00 $359,632.69 $2,022.00 $3.78