Savings Plan and Future Cost Estimation for Eastern Kentucky University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$63,150
Monthly savings required$500

How much will it cost to send your child to Eastern Kentucky University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $252,599.15 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $499.89 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$24,352.00
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 $499.89 $0.00 $0.00 $499.89
2 $499.89 $499.89 $0.00 $2.83 $1,002.61
3 $1,002.61 $499.89 $0.00 $5.67 $1,508.17
4 $1,508.17 $499.89 $0.00 $8.53 $2,016.59
5 $2,016.59 $499.89 $0.00 $11.40 $2,527.88
6 $2,527.88 $499.89 $0.00 $14.29 $3,042.06
7 $3,042.06 $499.89 $0.00 $17.20 $3,559.15
8 $3,559.15 $499.89 $0.00 $20.12 $4,079.16
9 $4,079.16 $499.89 $0.00 $23.06 $4,602.11
10 $4,602.11 $499.89 $0.00 $26.02 $5,128.02
11 $5,128.02 $499.89 $0.00 $28.99 $5,656.90
12 $5,656.90 $499.89 $0.00 $31.98 $6,188.77
13 $6,188.77 $499.89 $0.00 $34.99 $6,723.65
14 $6,723.65 $499.89 $0.00 $38.02 $7,261.56
15 $7,261.56 $499.89 $0.00 $41.06 $7,802.51
16 $7,802.51 $499.89 $0.00 $44.12 $8,346.52
17 $8,346.52 $499.89 $0.00 $47.19 $8,893.60
18 $8,893.60 $499.89 $0.00 $50.29 $9,443.78
19 $9,443.78 $499.89 $0.00 $53.40 $9,997.07
20 $9,997.07 $499.89 $0.00 $56.52 $10,553.48
21 $10,553.48 $499.89 $0.00 $59.67 $11,113.04
22 $11,113.04 $499.89 $0.00 $62.83 $11,675.76
23 $11,675.76 $499.89 $0.00 $66.02 $12,241.67
24 $12,241.67 $499.89 $0.00 $69.22 $12,810.78
25 $12,810.78 $499.89 $0.00 $72.43 $13,383.10
26 $13,383.10 $499.89 $0.00 $75.67 $13,958.66
27 $13,958.66 $499.89 $0.00 $78.92 $14,537.47
28 $14,537.47 $499.89 $0.00 $82.20 $15,119.56
29 $15,119.56 $499.89 $0.00 $85.49 $15,704.94
30 $15,704.94 $499.89 $0.00 $88.80 $16,293.63
31 $16,293.63 $499.89 $0.00 $92.13 $16,885.65
32 $16,885.65 $499.89 $0.00 $95.47 $17,481.01
33 $17,481.01 $499.89 $0.00 $98.84 $18,079.74
34 $18,079.74 $499.89 $0.00 $102.23 $18,681.86
35 $18,681.86 $499.89 $0.00 $105.63 $19,287.38
36 $19,287.38 $499.89 $0.00 $109.05 $19,896.32
37 $19,896.32 $499.89 $0.00 $112.50 $20,508.71
38 $20,508.71 $499.89 $0.00 $115.96 $21,124.56
39 $21,124.56 $499.89 $0.00 $119.44 $21,743.89
40 $21,743.89 $499.89 $0.00 $122.94 $22,366.72
41 $22,366.72 $499.89 $0.00 $126.46 $22,993.07
42 $22,993.07 $499.89 $0.00 $130.01 $23,622.97
43 $23,622.97 $499.89 $0.00 $133.57 $24,256.43
44 $24,256.43 $499.89 $0.00 $137.15 $24,893.47
45 $24,893.47 $499.89 $0.00 $140.75 $25,534.11
46 $25,534.11 $499.89 $0.00 $144.37 $26,178.37
47 $26,178.37 $499.89 $0.00 $148.02 $26,826.28
48 $26,826.28 $499.89 $0.00 $151.68 $27,477.85
49 $27,477.85 $499.89 $0.00 $155.36 $28,133.10
50 $28,133.10 $499.89 $0.00 $159.07 $28,792.06
51 $28,792.06 $499.89 $0.00 $162.79 $29,454.74
52 $29,454.74 $499.89 $0.00 $166.54 $30,121.17
53 $30,121.17 $499.89 $0.00 $170.31 $30,791.37
54 $30,791.37 $499.89 $0.00 $174.10 $31,465.36
55 $31,465.36 $499.89 $0.00 $177.91 $32,143.16
56 $32,143.16 $499.89 $0.00 $181.74 $32,824.79
57 $32,824.79 $499.89 $0.00 $185.60 $33,510.28
58 $33,510.28 $499.89 $0.00 $189.47 $34,199.64
59 $34,199.64 $499.89 $0.00 $193.37 $34,892.90
60 $34,892.90 $499.89 $0.00 $197.29 $35,590.08
61 $35,590.08 $499.89 $0.00 $201.23 $36,291.20
62 $36,291.20 $499.89 $0.00 $205.20 $36,996.29
63 $36,996.29 $499.89 $0.00 $209.18 $37,705.36
64 $37,705.36 $499.89 $0.00 $213.19 $38,418.44
65 $38,418.44 $499.89 $0.00 $217.22 $39,135.55
66 $39,135.55 $499.89 $0.00 $221.28 $39,856.72
67 $39,856.72 $499.89 $0.00 $225.36 $40,581.97
68 $40,581.97 $499.89 $0.00 $229.46 $41,311.32
69 $41,311.32 $499.89 $0.00 $233.58 $42,044.79
70 $42,044.79 $499.89 $0.00 $237.73 $42,782.41
71 $42,782.41 $499.89 $0.00 $241.90 $43,524.20
72 $43,524.20 $499.89 $0.00 $246.09 $44,270.18
73 $44,270.18 $499.89 $0.00 $250.31 $45,020.38
74 $45,020.38 $499.89 $0.00 $254.55 $45,774.82
75 $45,774.82 $499.89 $0.00 $258.82 $46,533.53
76 $46,533.53 $499.89 $0.00 $263.11 $47,296.53
77 $47,296.53 $499.89 $0.00 $267.42 $48,063.84
78 $48,063.84 $499.89 $0.00 $271.76 $48,835.49
79 $48,835.49 $499.89 $0.00 $276.12 $49,611.50
80 $49,611.50 $499.89 $0.00 $280.51 $50,391.90
81 $50,391.90 $499.89 $0.00 $284.92 $51,176.71
82 $51,176.71 $499.89 $0.00 $289.36 $51,965.96
83 $51,965.96 $499.89 $0.00 $293.82 $52,759.67
84 $52,759.67 $499.89 $0.00 $298.31 $53,557.87
85 $53,557.87 $499.89 $0.00 $302.82 $54,360.58
86 $54,360.58 $499.89 $0.00 $307.36 $55,167.83
87 $55,167.83 $499.89 $0.00 $311.93 $55,979.65
88 $55,979.65 $499.89 $0.00 $316.52 $56,796.06
89 $56,796.06 $499.89 $0.00 $321.13 $57,617.08
90 $57,617.08 $499.89 $0.00 $325.78 $58,442.75
91 $58,442.75 $499.89 $0.00 $330.44 $59,273.08
92 $59,273.08 $499.89 $0.00 $335.14 $60,108.11
93 $60,108.11 $499.89 $0.00 $339.86 $60,947.86
94 $60,947.86 $499.89 $0.00 $344.61 $61,792.36
95 $61,792.36 $499.89 $0.00 $349.38 $62,641.63
96 $62,641.63 $499.89 $0.00 $354.18 $63,495.70
97 $63,495.70 $499.89 $0.00 $359.01 $64,354.60
98 $64,354.60 $499.89 $0.00 $363.87 $65,218.36
99 $65,218.36 $499.89 $0.00 $368.75 $66,087.00
100 $66,087.00 $499.89 $0.00 $373.67 $66,960.56
101 $66,960.56 $499.89 $0.00 $378.60 $67,839.05
102 $67,839.05 $499.89 $0.00 $383.57 $68,722.51
103 $68,722.51 $499.89 $0.00 $388.57 $69,610.97
104 $69,610.97 $499.89 $0.00 $393.59 $70,504.45
105 $70,504.45 $499.89 $0.00 $398.64 $71,402.98
106 $71,402.98 $499.89 $0.00 $403.72 $72,306.59
107 $72,306.59 $499.89 $0.00 $408.83 $73,215.31
108 $73,215.31 $499.89 $0.00 $413.97 $74,129.17
109 $74,129.17 $499.89 $0.00 $419.14 $75,048.20
110 $75,048.20 $499.89 $0.00 $424.33 $75,972.42
111 $75,972.42 $499.89 $0.00 $429.56 $76,901.87
112 $76,901.87 $499.89 $0.00 $434.81 $77,836.57
113 $77,836.57 $499.89 $0.00 $440.10 $78,776.56
114 $78,776.56 $499.89 $0.00 $445.41 $79,721.86
115 $79,721.86 $499.89 $0.00 $450.76 $80,672.51
116 $80,672.51 $499.89 $0.00 $456.13 $81,628.53
117 $81,628.53 $499.89 $0.00 $461.54 $82,589.96
118 $82,589.96 $499.89 $0.00 $466.98 $83,556.83
119 $83,556.83 $499.89 $0.00 $472.44 $84,529.16
120 $84,529.16 $499.89 $0.00 $477.94 $85,506.99
121 $85,506.99 $499.89 $0.00 $483.47 $86,490.35
122 $86,490.35 $499.89 $0.00 $489.03 $87,479.27
123 $87,479.27 $499.89 $0.00 $494.62 $88,473.78
124 $88,473.78 $499.89 $0.00 $500.24 $89,473.91
125 $89,473.91 $499.89 $0.00 $505.90 $90,479.70
126 $90,479.70 $499.89 $0.00 $511.59 $91,491.18
127 $91,491.18 $499.89 $0.00 $517.30 $92,508.37
128 $92,508.37 $499.89 $0.00 $523.06 $93,531.32
129 $93,531.32 $499.89 $0.00 $528.84 $94,560.05
130 $94,560.05 $499.89 $0.00 $534.66 $95,594.60
131 $95,594.60 $499.89 $0.00 $540.51 $96,635.00
132 $96,635.00 $499.89 $0.00 $546.39 $97,681.28
133 $97,681.28 $499.89 $0.00 $552.30 $98,733.47
134 $98,733.47 $499.89 $0.00 $558.25 $99,791.61
135 $99,791.61 $499.89 $0.00 $564.24 $100,855.74
136 $100,855.74 $499.89 $0.00 $570.25 $101,925.88
137 $101,925.88 $499.89 $0.00 $576.30 $103,002.07
138 $103,002.07 $499.89 $0.00 $582.39 $104,084.35
139 $104,084.35 $499.89 $0.00 $588.51 $105,172.75
140 $105,172.75 $499.89 $0.00 $594.66 $106,267.30
141 $106,267.30 $499.89 $0.00 $600.85 $107,368.04
142 $107,368.04 $499.89 $0.00 $607.07 $108,475.00
143 $108,475.00 $499.89 $0.00 $613.33 $109,588.22
144 $109,588.22 $499.89 $0.00 $619.63 $110,707.74
145 $110,707.74 $499.89 $0.00 $625.96 $111,833.59
146 $111,833.59 $499.89 $0.00 $632.32 $112,965.80
147 $112,965.80 $499.89 $0.00 $638.73 $114,104.42
148 $114,104.42 $499.89 $0.00 $645.16 $115,249.47
149 $115,249.47 $499.89 $0.00 $651.64 $116,401.00
150 $116,401.00 $499.89 $0.00 $658.15 $117,559.04
151 $117,559.04 $499.89 $0.00 $664.70 $118,723.63
152 $118,723.63 $499.89 $0.00 $671.28 $119,894.80
153 $119,894.80 $499.89 $0.00 $677.90 $121,072.59
154 $121,072.59 $499.89 $0.00 $684.56 $122,257.04
155 $122,257.04 $499.89 $0.00 $691.26 $123,448.19
156 $123,448.19 $499.89 $0.00 $697.99 $124,646.07
157 $124,646.07 $499.89 $0.00 $704.77 $125,850.73
158 $125,850.73 $499.89 $0.00 $711.58 $127,062.20
159 $127,062.20 $499.89 $0.00 $718.43 $128,280.52
160 $128,280.52 $499.89 $0.00 $725.32 $129,505.73
161 $129,505.73 $499.89 $0.00 $732.24 $130,737.86
162 $130,737.86 $499.89 $0.00 $739.21 $131,976.96
163 $131,976.96 $499.89 $0.00 $746.22 $133,223.07
164 $133,223.07 $499.89 $0.00 $753.26 $134,476.22
165 $134,476.22 $499.89 $0.00 $760.35 $135,736.46
166 $135,736.46 $499.89 $0.00 $767.47 $137,003.82
167 $137,003.82 $499.89 $0.00 $774.64 $138,278.35
168 $138,278.35 $499.89 $0.00 $781.85 $139,560.09
169 $139,560.09 $499.89 $0.00 $789.09 $140,849.07
170 $140,849.07 $499.89 $0.00 $796.38 $142,145.34
171 $142,145.34 $499.89 $0.00 $803.71 $143,448.94
172 $143,448.94 $499.89 $0.00 $811.08 $144,759.91
173 $144,759.91 $499.89 $0.00 $818.49 $146,078.29
174 $146,078.29 $499.89 $0.00 $825.95 $147,404.13
175 $147,404.13 $499.89 $0.00 $833.44 $148,737.46
176 $148,737.46 $499.89 $0.00 $840.98 $150,078.33
177 $150,078.33 $499.89 $0.00 $848.56 $151,426.78
178 $151,426.78 $499.89 $0.00 $856.19 $152,782.86
179 $152,782.86 $499.89 $0.00 $863.86 $154,146.61
180 $154,146.61 $499.89 $0.00 $871.57 $155,518.07
181 $155,518.07 $499.89 $0.00 $879.32 $156,897.28
182 $156,897.28 $499.89 $0.00 $887.12 $158,284.29
183 $158,284.29 $499.89 $0.00 $894.96 $159,679.14
184 $159,679.14 $499.89 $0.00 $902.85 $161,081.88
185 $161,081.88 $499.89 $0.00 $910.78 $162,492.55
186 $162,492.55 $499.89 $0.00 $918.76 $163,911.20
187 $163,911.20 $499.89 $0.00 $926.78 $165,337.87
188 $165,337.87 $499.89 $0.00 $934.84 $166,772.60
189 $166,772.60 $499.89 $0.00 $942.96 $168,215.45
190 $168,215.45 $499.89 $0.00 $951.11 $169,666.45
191 $169,666.45 $499.89 $0.00 $959.32 $171,125.66
192 $171,125.66 $499.89 $0.00 $967.57 $172,593.12
193 $172,593.12 $499.89 $0.00 $975.87 $174,068.88
194 $174,068.88 $499.89 $0.00 $984.21 $175,552.98
195 $175,552.98 $499.89 $0.00 $992.60 $177,045.47
196 $177,045.47 $499.89 $0.00 $1,001.04 $178,546.40
197 $178,546.40 $499.89 $0.00 $1,009.53 $180,055.82
198 $180,055.82 $499.89 $0.00 $1,018.06 $181,573.77
199 $181,573.77 $499.89 $0.00 $1,026.64 $183,100.30
200 $183,100.30 $499.89 $0.00 $1,035.28 $184,635.47
201 $184,635.47 $499.89 $0.00 $1,043.96 $186,179.32
202 $186,179.32 $499.89 $0.00 $1,052.68 $187,731.89
203 $187,731.89 $499.89 $0.00 $1,061.46 $189,293.24
204 $189,293.24 $499.89 $0.00 $1,070.29 $190,863.42
205 $190,863.42 $499.89 $0.00 $1,079.17 $192,442.48
206 $192,442.48 $499.89 $0.00 $1,088.10 $194,030.47
207 $194,030.47 $499.89 $0.00 $1,097.08 $195,627.44
208 $195,627.44 $499.89 $0.00 $1,106.11 $197,233.44
209 $197,233.44 $499.89 $0.00 $1,115.19 $198,848.52
210 $198,848.52 $499.89 $0.00 $1,124.32 $200,472.73
211 $200,472.73 $499.89 $0.00 $1,133.50 $202,106.12
212 $202,106.12 $499.89 $0.00 $1,142.74 $203,748.75
213 $203,748.75 $499.89 $0.00 $1,152.03 $205,400.67
214 $205,400.67 $499.89 $0.00 $1,161.37 $207,061.93
215 $207,061.93 $499.89 $0.00 $1,170.76 $208,732.58
216 $208,732.58 $499.89 $0.00 $1,180.20 $210,412.67
217 $210,412.67 $499.89 $58,605.99 $1,189.70 $153,496.27
218 $153,496.27 $499.89 $0.00 $867.89 $154,864.05
219 $154,864.05 $499.89 $0.00 $875.62 $156,239.56
220 $156,239.56 $499.89 $0.00 $883.40 $157,622.85
221 $157,622.85 $499.89 $0.00 $891.22 $159,013.96
222 $159,013.96 $499.89 $0.00 $899.09 $160,412.94
223 $160,412.94 $499.89 $0.00 $907.00 $161,819.83
224 $161,819.83 $499.89 $0.00 $914.95 $163,234.67
225 $163,234.67 $499.89 $0.00 $922.95 $164,657.51
226 $164,657.51 $499.89 $0.00 $931.00 $166,088.40
227 $166,088.40 $499.89 $0.00 $939.09 $167,527.38
228 $167,527.38 $499.89 $0.00 $947.22 $168,974.49
229 $168,974.49 $499.89 $61,536.29 $955.41 $108,893.50
230 $108,893.50 $499.89 $0.00 $615.70 $110,009.09
231 $110,009.09 $499.89 $0.00 $622.01 $111,130.99
232 $111,130.99 $499.89 $0.00 $628.35 $112,259.23
233 $112,259.23 $499.89 $0.00 $634.73 $113,393.85
234 $113,393.85 $499.89 $0.00 $641.15 $114,534.89
235 $114,534.89 $499.89 $0.00 $647.60 $115,682.38
236 $115,682.38 $499.89 $0.00 $654.08 $116,836.35
237 $116,836.35 $499.89 $0.00 $660.61 $117,996.85
238 $117,996.85 $499.89 $0.00 $667.17 $119,163.91
239 $119,163.91 $499.89 $0.00 $673.77 $120,337.57
240 $120,337.57 $499.89 $0.00 $680.41 $121,517.87
241 $121,517.87 $499.89 $64,613.11 $687.08 $58,091.73
242 $58,091.73 $499.89 $0.00 $328.46 $58,920.08
243 $58,920.08 $499.89 $0.00 $333.14 $59,753.11
244 $59,753.11 $499.89 $0.00 $337.85 $60,590.85
245 $60,590.85 $499.89 $0.00 $342.59 $61,433.33
246 $61,433.33 $499.89 $0.00 $347.35 $62,280.57
247 $62,280.57 $499.89 $0.00 $352.14 $63,132.60
248 $63,132.60 $499.89 $0.00 $356.96 $63,989.45
249 $63,989.45 $499.89 $0.00 $361.81 $64,851.15
250 $64,851.15 $499.89 $0.00 $366.68 $65,717.72
251 $65,717.72 $499.89 $0.00 $371.58 $66,589.19
252 $66,589.19 $499.89 $0.00 $376.50 $67,465.58
253 $67,465.58 $0.00 $67,843.76 $381.46 $3.28