Savings Plan and Future Cost Estimation for University of Illinois at Chicago

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$134,580
Monthly savings required$1,064

How much will it cost to send your child to University of Illinois at Chicago in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $538,320.58 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,063.62 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$35,872.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,063.62 $0.00 $0.00 $1,063.62
2 $1,063.62 $1,063.62 $0.00 $6.01 $2,133.25
3 $2,133.25 $1,063.62 $0.00 $12.06 $3,208.93
4 $3,208.93 $1,063.62 $0.00 $18.14 $4,290.69
5 $4,290.69 $1,063.62 $0.00 $24.26 $5,378.57
6 $5,378.57 $1,063.62 $0.00 $30.41 $6,472.60
7 $6,472.60 $1,063.62 $0.00 $36.60 $7,572.82
8 $7,572.82 $1,063.62 $0.00 $42.82 $8,679.26
9 $8,679.26 $1,063.62 $0.00 $49.07 $9,791.95
10 $9,791.95 $1,063.62 $0.00 $55.37 $10,910.94
11 $10,910.94 $1,063.62 $0.00 $61.69 $12,036.25
12 $12,036.25 $1,063.62 $0.00 $68.05 $13,167.92
13 $13,167.92 $1,063.62 $0.00 $74.45 $14,305.99
14 $14,305.99 $1,063.62 $0.00 $80.89 $15,450.50
15 $15,450.50 $1,063.62 $0.00 $87.36 $16,601.48
16 $16,601.48 $1,063.62 $0.00 $93.87 $17,758.97
17 $17,758.97 $1,063.62 $0.00 $100.41 $18,923.00
18 $18,923.00 $1,063.62 $0.00 $106.99 $20,093.61
19 $20,093.61 $1,063.62 $0.00 $113.61 $21,270.84
20 $21,270.84 $1,063.62 $0.00 $120.27 $22,454.73
21 $22,454.73 $1,063.62 $0.00 $126.96 $23,645.31
22 $23,645.31 $1,063.62 $0.00 $133.69 $24,842.62
23 $24,842.62 $1,063.62 $0.00 $140.46 $26,046.70
24 $26,046.70 $1,063.62 $0.00 $147.27 $27,257.59
25 $27,257.59 $1,063.62 $0.00 $154.12 $28,475.33
26 $28,475.33 $1,063.62 $0.00 $161.00 $29,699.95
27 $29,699.95 $1,063.62 $0.00 $167.93 $30,931.50
28 $30,931.50 $1,063.62 $0.00 $174.89 $32,170.01
29 $32,170.01 $1,063.62 $0.00 $181.89 $33,415.52
30 $33,415.52 $1,063.62 $0.00 $188.94 $34,668.08
31 $34,668.08 $1,063.62 $0.00 $196.02 $35,927.72
32 $35,927.72 $1,063.62 $0.00 $203.14 $37,194.48
33 $37,194.48 $1,063.62 $0.00 $210.30 $38,468.40
34 $38,468.40 $1,063.62 $0.00 $217.51 $39,749.53
35 $39,749.53 $1,063.62 $0.00 $224.75 $41,037.90
36 $41,037.90 $1,063.62 $0.00 $232.03 $42,333.55
37 $42,333.55 $1,063.62 $0.00 $239.36 $43,636.53
38 $43,636.53 $1,063.62 $0.00 $246.73 $44,946.88
39 $44,946.88 $1,063.62 $0.00 $254.14 $46,264.64
40 $46,264.64 $1,063.62 $0.00 $261.59 $47,589.85
41 $47,589.85 $1,063.62 $0.00 $269.08 $48,922.55
42 $48,922.55 $1,063.62 $0.00 $276.62 $50,262.79
43 $50,262.79 $1,063.62 $0.00 $284.19 $51,610.60
44 $51,610.60 $1,063.62 $0.00 $291.81 $52,966.03
45 $52,966.03 $1,063.62 $0.00 $299.48 $54,329.13
46 $54,329.13 $1,063.62 $0.00 $307.18 $55,699.93
47 $55,699.93 $1,063.62 $0.00 $314.94 $57,078.49
48 $57,078.49 $1,063.62 $0.00 $322.73 $58,464.84
49 $58,464.84 $1,063.62 $0.00 $330.57 $59,859.03
50 $59,859.03 $1,063.62 $0.00 $338.45 $61,261.10
51 $61,261.10 $1,063.62 $0.00 $346.38 $62,671.10
52 $62,671.10 $1,063.62 $0.00 $354.35 $64,089.07
53 $64,089.07 $1,063.62 $0.00 $362.37 $65,515.06
54 $65,515.06 $1,063.62 $0.00 $370.43 $66,949.11
55 $66,949.11 $1,063.62 $0.00 $378.54 $68,391.27
56 $68,391.27 $1,063.62 $0.00 $386.69 $69,841.58
57 $69,841.58 $1,063.62 $0.00 $394.89 $71,300.09
58 $71,300.09 $1,063.62 $0.00 $403.14 $72,766.85
59 $72,766.85 $1,063.62 $0.00 $411.43 $74,241.90
60 $74,241.90 $1,063.62 $0.00 $419.77 $75,725.29
61 $75,725.29 $1,063.62 $0.00 $428.16 $77,217.07
62 $77,217.07 $1,063.62 $0.00 $436.60 $78,717.29
63 $78,717.29 $1,063.62 $0.00 $445.08 $80,225.99
64 $80,225.99 $1,063.62 $0.00 $453.61 $81,743.22
65 $81,743.22 $1,063.62 $0.00 $462.19 $83,269.03
66 $83,269.03 $1,063.62 $0.00 $470.82 $84,803.47
67 $84,803.47 $1,063.62 $0.00 $479.49 $86,346.58
68 $86,346.58 $1,063.62 $0.00 $488.22 $87,898.42
69 $87,898.42 $1,063.62 $0.00 $496.99 $89,459.03
70 $89,459.03 $1,063.62 $0.00 $505.81 $91,028.46
71 $91,028.46 $1,063.62 $0.00 $514.69 $92,606.77
72 $92,606.77 $1,063.62 $0.00 $523.61 $94,194.00
73 $94,194.00 $1,063.62 $0.00 $532.59 $95,790.21
74 $95,790.21 $1,063.62 $0.00 $541.61 $97,395.44
75 $97,395.44 $1,063.62 $0.00 $550.69 $99,009.75
76 $99,009.75 $1,063.62 $0.00 $559.82 $100,633.19
77 $100,633.19 $1,063.62 $0.00 $568.99 $102,265.80
78 $102,265.80 $1,063.62 $0.00 $578.23 $103,907.65
79 $103,907.65 $1,063.62 $0.00 $587.51 $105,558.78
80 $105,558.78 $1,063.62 $0.00 $596.84 $107,219.24
81 $107,219.24 $1,063.62 $0.00 $606.23 $108,889.09
82 $108,889.09 $1,063.62 $0.00 $615.67 $110,568.38
83 $110,568.38 $1,063.62 $0.00 $625.17 $112,257.17
84 $112,257.17 $1,063.62 $0.00 $634.72 $113,955.51
85 $113,955.51 $1,063.62 $0.00 $644.32 $115,663.45
86 $115,663.45 $1,063.62 $0.00 $653.98 $117,381.05
87 $117,381.05 $1,063.62 $0.00 $663.69 $119,108.36
88 $119,108.36 $1,063.62 $0.00 $673.46 $120,845.44
89 $120,845.44 $1,063.62 $0.00 $683.28 $122,592.34
90 $122,592.34 $1,063.62 $0.00 $693.15 $124,349.11
91 $124,349.11 $1,063.62 $0.00 $703.09 $126,115.82
92 $126,115.82 $1,063.62 $0.00 $713.08 $127,892.52
93 $127,892.52 $1,063.62 $0.00 $723.12 $129,679.26
94 $129,679.26 $1,063.62 $0.00 $733.23 $131,476.11
95 $131,476.11 $1,063.62 $0.00 $743.39 $133,283.12
96 $133,283.12 $1,063.62 $0.00 $753.60 $135,100.34
97 $135,100.34 $1,063.62 $0.00 $763.88 $136,927.84
98 $136,927.84 $1,063.62 $0.00 $774.21 $138,765.67
99 $138,765.67 $1,063.62 $0.00 $784.60 $140,613.89
100 $140,613.89 $1,063.62 $0.00 $795.05 $142,472.56
101 $142,472.56 $1,063.62 $0.00 $805.56 $144,341.74
102 $144,341.74 $1,063.62 $0.00 $816.13 $146,221.49
103 $146,221.49 $1,063.62 $0.00 $826.76 $148,111.87
104 $148,111.87 $1,063.62 $0.00 $837.45 $150,012.94
105 $150,012.94 $1,063.62 $0.00 $848.19 $151,924.75
106 $151,924.75 $1,063.62 $0.00 $859.00 $153,847.37
107 $153,847.37 $1,063.62 $0.00 $869.88 $155,780.87
108 $155,780.87 $1,063.62 $0.00 $880.81 $157,725.30
109 $157,725.30 $1,063.62 $0.00 $891.80 $159,680.72
110 $159,680.72 $1,063.62 $0.00 $902.86 $161,647.20
111 $161,647.20 $1,063.62 $0.00 $913.98 $163,624.80
112 $163,624.80 $1,063.62 $0.00 $925.16 $165,613.58
113 $165,613.58 $1,063.62 $0.00 $936.40 $167,613.60
114 $167,613.60 $1,063.62 $0.00 $947.71 $169,624.93
115 $169,624.93 $1,063.62 $0.00 $959.08 $171,647.63
116 $171,647.63 $1,063.62 $0.00 $970.52 $173,681.77
117 $173,681.77 $1,063.62 $0.00 $982.02 $175,727.41
118 $175,727.41 $1,063.62 $0.00 $993.59 $177,784.62
119 $177,784.62 $1,063.62 $0.00 $1,005.22 $179,853.46
120 $179,853.46 $1,063.62 $0.00 $1,016.92 $181,934.00
121 $181,934.00 $1,063.62 $0.00 $1,028.68 $184,026.30
122 $184,026.30 $1,063.62 $0.00 $1,040.51 $186,130.43
123 $186,130.43 $1,063.62 $0.00 $1,052.41 $188,246.46
124 $188,246.46 $1,063.62 $0.00 $1,064.37 $190,374.45
125 $190,374.45 $1,063.62 $0.00 $1,076.40 $192,514.47
126 $192,514.47 $1,063.62 $0.00 $1,088.50 $194,666.59
127 $194,666.59 $1,063.62 $0.00 $1,100.67 $196,830.88
128 $196,830.88 $1,063.62 $0.00 $1,112.91 $199,007.41
129 $199,007.41 $1,063.62 $0.00 $1,125.22 $201,196.25
130 $201,196.25 $1,063.62 $0.00 $1,137.59 $203,397.46
131 $203,397.46 $1,063.62 $0.00 $1,150.04 $205,611.12
132 $205,611.12 $1,063.62 $0.00 $1,162.56 $207,837.30
133 $207,837.30 $1,063.62 $0.00 $1,175.14 $210,076.06
134 $210,076.06 $1,063.62 $0.00 $1,187.80 $212,327.48
135 $212,327.48 $1,063.62 $0.00 $1,200.53 $214,591.63
136 $214,591.63 $1,063.62 $0.00 $1,213.33 $216,868.58
137 $216,868.58 $1,063.62 $0.00 $1,226.21 $219,158.41
138 $219,158.41 $1,063.62 $0.00 $1,239.15 $221,461.18
139 $221,461.18 $1,063.62 $0.00 $1,252.17 $223,776.97
140 $223,776.97 $1,063.62 $0.00 $1,265.27 $226,105.86
141 $226,105.86 $1,063.62 $0.00 $1,278.44 $228,447.92
142 $228,447.92 $1,063.62 $0.00 $1,291.68 $230,803.22
143 $230,803.22 $1,063.62 $0.00 $1,304.99 $233,171.83
144 $233,171.83 $1,063.62 $0.00 $1,318.39 $235,553.84
145 $235,553.84 $1,063.62 $0.00 $1,331.86 $237,949.32
146 $237,949.32 $1,063.62 $0.00 $1,345.40 $240,358.34
147 $240,358.34 $1,063.62 $0.00 $1,359.02 $242,780.98
148 $242,780.98 $1,063.62 $0.00 $1,372.72 $245,217.32
149 $245,217.32 $1,063.62 $0.00 $1,386.49 $247,667.43
150 $247,667.43 $1,063.62 $0.00 $1,400.35 $250,131.40
151 $250,131.40 $1,063.62 $0.00 $1,414.28 $252,609.30
152 $252,609.30 $1,063.62 $0.00 $1,428.29 $255,101.21
153 $255,101.21 $1,063.62 $0.00 $1,442.38 $257,607.21
154 $257,607.21 $1,063.62 $0.00 $1,456.55 $260,127.38
155 $260,127.38 $1,063.62 $0.00 $1,470.80 $262,661.80
156 $262,661.80 $1,063.62 $0.00 $1,485.13 $265,210.55
157 $265,210.55 $1,063.62 $0.00 $1,499.54 $267,773.71
158 $267,773.71 $1,063.62 $0.00 $1,514.03 $270,351.36
159 $270,351.36 $1,063.62 $0.00 $1,528.61 $272,943.59
160 $272,943.59 $1,063.62 $0.00 $1,543.26 $275,550.47
161 $275,550.47 $1,063.62 $0.00 $1,558.00 $278,172.09
162 $278,172.09 $1,063.62 $0.00 $1,572.83 $280,808.54
163 $280,808.54 $1,063.62 $0.00 $1,587.73 $283,459.89
164 $283,459.89 $1,063.62 $0.00 $1,602.72 $286,126.23
165 $286,126.23 $1,063.62 $0.00 $1,617.80 $288,807.65
166 $288,807.65 $1,063.62 $0.00 $1,632.96 $291,504.23
167 $291,504.23 $1,063.62 $0.00 $1,648.21 $294,216.06
168 $294,216.06 $1,063.62 $0.00 $1,663.54 $296,943.22
169 $296,943.22 $1,063.62 $0.00 $1,678.96 $299,685.80
170 $299,685.80 $1,063.62 $0.00 $1,694.47 $302,443.89
171 $302,443.89 $1,063.62 $0.00 $1,710.06 $305,217.57
172 $305,217.57 $1,063.62 $0.00 $1,725.74 $308,006.93
173 $308,006.93 $1,063.62 $0.00 $1,741.52 $310,812.07
174 $310,812.07 $1,063.62 $0.00 $1,757.38 $313,633.07
175 $313,633.07 $1,063.62 $0.00 $1,773.33 $316,470.02
176 $316,470.02 $1,063.62 $0.00 $1,789.37 $319,323.01
177 $319,323.01 $1,063.62 $0.00 $1,805.50 $322,192.13
178 $322,192.13 $1,063.62 $0.00 $1,821.72 $325,077.47
179 $325,077.47 $1,063.62 $0.00 $1,838.04 $327,979.13
180 $327,979.13 $1,063.62 $0.00 $1,854.44 $330,897.19
181 $330,897.19 $1,063.62 $0.00 $1,870.94 $333,831.75
182 $333,831.75 $1,063.62 $0.00 $1,887.53 $336,782.90
183 $336,782.90 $1,063.62 $0.00 $1,904.22 $339,750.74
184 $339,750.74 $1,063.62 $0.00 $1,921.00 $342,735.36
185 $342,735.36 $1,063.62 $0.00 $1,937.88 $345,736.86
186 $345,736.86 $1,063.62 $0.00 $1,954.85 $348,755.33
187 $348,755.33 $1,063.62 $0.00 $1,971.91 $351,790.86
188 $351,790.86 $1,063.62 $0.00 $1,989.08 $354,843.56
189 $354,843.56 $1,063.62 $0.00 $2,006.34 $357,913.52
190 $357,913.52 $1,063.62 $0.00 $2,023.70 $361,000.84
191 $361,000.84 $1,063.62 $0.00 $2,041.15 $364,105.61
192 $364,105.61 $1,063.62 $0.00 $2,058.71 $367,227.94
193 $367,227.94 $1,063.62 $0.00 $2,076.36 $370,367.92
194 $370,367.92 $1,063.62 $0.00 $2,094.11 $373,525.65
195 $373,525.65 $1,063.62 $0.00 $2,111.97 $376,701.24
196 $376,701.24 $1,063.62 $0.00 $2,129.92 $379,894.78
197 $379,894.78 $1,063.62 $0.00 $2,147.98 $383,106.38
198 $383,106.38 $1,063.62 $0.00 $2,166.14 $386,336.14
199 $386,336.14 $1,063.62 $0.00 $2,184.40 $389,584.16
200 $389,584.16 $1,063.62 $0.00 $2,202.77 $392,850.55
201 $392,850.55 $1,063.62 $0.00 $2,221.23 $396,135.40
202 $396,135.40 $1,063.62 $0.00 $2,239.81 $399,438.83
203 $399,438.83 $1,063.62 $0.00 $2,258.49 $402,760.94
204 $402,760.94 $1,063.62 $0.00 $2,277.27 $406,101.83
205 $406,101.83 $1,063.62 $0.00 $2,296.16 $409,461.61
206 $409,461.61 $1,063.62 $0.00 $2,315.16 $412,840.39
207 $412,840.39 $1,063.62 $0.00 $2,334.26 $416,238.27
208 $416,238.27 $1,063.62 $0.00 $2,353.47 $419,655.36
209 $419,655.36 $1,063.62 $0.00 $2,372.79 $423,091.77
210 $423,091.77 $1,063.62 $0.00 $2,392.22 $426,547.61
211 $426,547.61 $1,063.62 $0.00 $2,411.76 $430,022.99
212 $430,022.99 $1,063.62 $0.00 $2,431.41 $433,518.02
213 $433,518.02 $1,063.62 $0.00 $2,451.17 $437,032.81
214 $437,032.81 $1,063.62 $0.00 $2,471.05 $440,567.48
215 $440,567.48 $1,063.62 $0.00 $2,491.03 $444,122.13
216 $444,122.13 $1,063.62 $0.00 $2,511.13 $447,696.88
217 $447,696.88 $1,063.62 $121,244.93 $2,531.34 $330,046.91
218 $330,046.91 $1,063.62 $0.00 $1,866.13 $332,976.66
219 $332,976.66 $1,063.62 $0.00 $1,882.70 $335,922.98
220 $335,922.98 $1,063.62 $0.00 $1,899.36 $338,885.96
221 $338,885.96 $1,063.62 $0.00 $1,916.11 $341,865.69
222 $341,865.69 $1,063.62 $0.00 $1,932.96 $344,862.27
223 $344,862.27 $1,063.62 $0.00 $1,949.90 $347,875.79
224 $347,875.79 $1,063.62 $0.00 $1,966.94 $350,906.35
225 $350,906.35 $1,063.62 $0.00 $1,984.08 $353,954.05
226 $353,954.05 $1,063.62 $0.00 $2,001.31 $357,018.98
227 $357,018.98 $1,063.62 $0.00 $2,018.64 $360,101.24
228 $360,101.24 $1,063.62 $0.00 $2,036.06 $363,200.92
229 $363,200.92 $1,063.62 $129,732.08 $2,053.59 $236,586.05
230 $236,586.05 $1,063.62 $0.00 $1,337.69 $238,987.36
231 $238,987.36 $1,063.62 $0.00 $1,351.27 $241,402.25
232 $241,402.25 $1,063.62 $0.00 $1,364.92 $243,830.79
233 $243,830.79 $1,063.62 $0.00 $1,378.65 $246,273.06
234 $246,273.06 $1,063.62 $0.00 $1,392.46 $248,729.14
235 $248,729.14 $1,063.62 $0.00 $1,406.35 $251,199.11
236 $251,199.11 $1,063.62 $0.00 $1,420.32 $253,683.05
237 $253,683.05 $1,063.62 $0.00 $1,434.36 $256,181.03
238 $256,181.03 $1,063.62 $0.00 $1,448.48 $258,693.13
239 $258,693.13 $1,063.62 $0.00 $1,462.69 $261,219.44
240 $261,219.44 $1,063.62 $0.00 $1,476.97 $263,760.03
241 $263,760.03 $1,063.62 $138,813.32 $1,491.34 $127,501.67
242 $127,501.67 $1,063.62 $0.00 $720.91 $129,286.20
243 $129,286.20 $1,063.62 $0.00 $731.00 $131,080.82
244 $131,080.82 $1,063.62 $0.00 $741.15 $132,885.59
245 $132,885.59 $1,063.62 $0.00 $751.35 $134,700.56
246 $134,700.56 $1,063.62 $0.00 $761.62 $136,525.80
247 $136,525.80 $1,063.62 $0.00 $771.94 $138,361.36
248 $138,361.36 $1,063.62 $0.00 $782.32 $140,207.30
249 $140,207.30 $1,063.62 $0.00 $792.75 $142,063.67
250 $142,063.67 $1,063.62 $0.00 $803.25 $143,930.54
251 $143,930.54 $1,063.62 $0.00 $813.80 $145,807.96
252 $145,807.96 $1,063.62 $0.00 $824.42 $147,696.00
253 $147,696.00 $0.00 $148,530.25 $835.09 $0.84