Savings Plan and Future Cost Estimation for University of Kentucky

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$124,049
Monthly savings required$980

How much will it cost to send your child to University of Kentucky in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $496,196.76 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $980.39 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$33,065.00
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 $980.39 $0.00 $0.00 $980.39
2 $980.39 $980.39 $0.00 $5.54 $1,966.32
3 $1,966.32 $980.39 $0.00 $11.12 $2,957.83
4 $2,957.83 $980.39 $0.00 $16.72 $3,954.94
5 $3,954.94 $980.39 $0.00 $22.36 $4,957.69
6 $4,957.69 $980.39 $0.00 $28.03 $5,966.11
7 $5,966.11 $980.39 $0.00 $33.73 $6,980.23
8 $6,980.23 $980.39 $0.00 $39.47 $8,000.09
9 $8,000.09 $980.39 $0.00 $45.23 $9,025.71
10 $9,025.71 $980.39 $0.00 $51.03 $10,057.13
11 $10,057.13 $980.39 $0.00 $56.86 $11,094.38
12 $11,094.38 $980.39 $0.00 $62.73 $12,137.50
13 $12,137.50 $980.39 $0.00 $68.63 $13,186.52
14 $13,186.52 $980.39 $0.00 $74.56 $14,241.47
15 $14,241.47 $980.39 $0.00 $80.52 $15,302.38
16 $15,302.38 $980.39 $0.00 $86.52 $16,369.29
17 $16,369.29 $980.39 $0.00 $92.55 $17,442.23
18 $17,442.23 $980.39 $0.00 $98.62 $18,521.24
19 $18,521.24 $980.39 $0.00 $104.72 $19,606.35
20 $19,606.35 $980.39 $0.00 $110.86 $20,697.60
21 $20,697.60 $980.39 $0.00 $117.03 $21,795.02
22 $21,795.02 $980.39 $0.00 $123.23 $22,898.64
23 $22,898.64 $980.39 $0.00 $129.47 $24,008.50
24 $24,008.50 $980.39 $0.00 $135.75 $25,124.64
25 $25,124.64 $980.39 $0.00 $142.06 $26,247.09
26 $26,247.09 $980.39 $0.00 $148.40 $27,375.88
27 $27,375.88 $980.39 $0.00 $154.79 $28,511.06
28 $28,511.06 $980.39 $0.00 $161.21 $29,652.66
29 $29,652.66 $980.39 $0.00 $167.66 $30,800.71
30 $30,800.71 $980.39 $0.00 $174.15 $31,955.25
31 $31,955.25 $980.39 $0.00 $180.68 $33,116.32
32 $33,116.32 $980.39 $0.00 $187.24 $34,283.95
33 $34,283.95 $980.39 $0.00 $193.85 $35,458.19
34 $35,458.19 $980.39 $0.00 $200.49 $36,639.07
35 $36,639.07 $980.39 $0.00 $207.16 $37,826.62
36 $37,826.62 $980.39 $0.00 $213.88 $39,020.89
37 $39,020.89 $980.39 $0.00 $220.63 $40,221.91
38 $40,221.91 $980.39 $0.00 $227.42 $41,429.72
39 $41,429.72 $980.39 $0.00 $234.25 $42,644.36
40 $42,644.36 $980.39 $0.00 $241.12 $43,865.87
41 $43,865.87 $980.39 $0.00 $248.02 $45,094.28
42 $45,094.28 $980.39 $0.00 $254.97 $46,329.64
43 $46,329.64 $980.39 $0.00 $261.95 $47,571.98
44 $47,571.98 $980.39 $0.00 $268.98 $48,821.35
45 $48,821.35 $980.39 $0.00 $276.04 $50,077.78
46 $50,077.78 $980.39 $0.00 $283.15 $51,341.32
47 $51,341.32 $980.39 $0.00 $290.29 $52,612.00
48 $52,612.00 $980.39 $0.00 $297.48 $53,889.87
49 $53,889.87 $980.39 $0.00 $304.70 $55,174.96
50 $55,174.96 $980.39 $0.00 $311.97 $56,467.32
51 $56,467.32 $980.39 $0.00 $319.27 $57,766.98
52 $57,766.98 $980.39 $0.00 $326.62 $59,073.99
53 $59,073.99 $980.39 $0.00 $334.01 $60,388.39
54 $60,388.39 $980.39 $0.00 $341.44 $61,710.22
55 $61,710.22 $980.39 $0.00 $348.92 $63,039.53
56 $63,039.53 $980.39 $0.00 $356.43 $64,376.35
57 $64,376.35 $980.39 $0.00 $363.99 $65,720.73
58 $65,720.73 $980.39 $0.00 $371.59 $67,072.71
59 $67,072.71 $980.39 $0.00 $379.24 $68,432.34
60 $68,432.34 $980.39 $0.00 $386.93 $69,799.66
61 $69,799.66 $980.39 $0.00 $394.66 $71,174.71
62 $71,174.71 $980.39 $0.00 $402.43 $72,557.53
63 $72,557.53 $980.39 $0.00 $410.25 $73,948.17
64 $73,948.17 $980.39 $0.00 $418.11 $75,346.67
65 $75,346.67 $980.39 $0.00 $426.02 $76,753.08
66 $76,753.08 $980.39 $0.00 $433.97 $78,167.44
67 $78,167.44 $980.39 $0.00 $441.97 $79,589.80
68 $79,589.80 $980.39 $0.00 $450.01 $81,020.20
69 $81,020.20 $980.39 $0.00 $458.10 $82,458.69
70 $82,458.69 $980.39 $0.00 $466.23 $83,905.31
71 $83,905.31 $980.39 $0.00 $474.41 $85,360.11
72 $85,360.11 $980.39 $0.00 $482.64 $86,823.14
73 $86,823.14 $980.39 $0.00 $490.91 $88,294.44
74 $88,294.44 $980.39 $0.00 $499.23 $89,774.06
75 $89,774.06 $980.39 $0.00 $507.60 $91,262.05
76 $91,262.05 $980.39 $0.00 $516.01 $92,758.45
77 $92,758.45 $980.39 $0.00 $524.47 $94,263.31
78 $94,263.31 $980.39 $0.00 $532.98 $95,776.68
79 $95,776.68 $980.39 $0.00 $541.54 $97,298.61
80 $97,298.61 $980.39 $0.00 $550.14 $98,829.14
81 $98,829.14 $980.39 $0.00 $558.79 $100,368.32
82 $100,368.32 $980.39 $0.00 $567.50 $101,916.21
83 $101,916.21 $980.39 $0.00 $576.25 $103,472.85
84 $103,472.85 $980.39 $0.00 $585.05 $105,038.29
85 $105,038.29 $980.39 $0.00 $593.90 $106,612.58
86 $106,612.58 $980.39 $0.00 $602.80 $108,195.77
87 $108,195.77 $980.39 $0.00 $611.75 $109,787.91
88 $109,787.91 $980.39 $0.00 $620.76 $111,389.06
89 $111,389.06 $980.39 $0.00 $629.81 $112,999.26
90 $112,999.26 $980.39 $0.00 $638.91 $114,618.56
91 $114,618.56 $980.39 $0.00 $648.07 $116,247.02
92 $116,247.02 $980.39 $0.00 $657.28 $117,884.69
93 $117,884.69 $980.39 $0.00 $666.54 $119,531.62
94 $119,531.62 $980.39 $0.00 $675.85 $121,187.86
95 $121,187.86 $980.39 $0.00 $685.21 $122,853.46
96 $122,853.46 $980.39 $0.00 $694.63 $124,528.48
97 $124,528.48 $980.39 $0.00 $704.10 $126,212.97
98 $126,212.97 $980.39 $0.00 $713.63 $127,906.99
99 $127,906.99 $980.39 $0.00 $723.20 $129,610.58
100 $129,610.58 $980.39 $0.00 $732.84 $131,323.81
101 $131,323.81 $980.39 $0.00 $742.52 $133,046.72
102 $133,046.72 $980.39 $0.00 $752.27 $134,779.38
103 $134,779.38 $980.39 $0.00 $762.06 $136,521.83
104 $136,521.83 $980.39 $0.00 $771.91 $138,274.13
105 $138,274.13 $980.39 $0.00 $781.82 $140,036.34
106 $140,036.34 $980.39 $0.00 $791.79 $141,808.52
107 $141,808.52 $980.39 $0.00 $801.81 $143,590.72
108 $143,590.72 $980.39 $0.00 $811.88 $145,382.99
109 $145,382.99 $980.39 $0.00 $822.02 $147,185.40
110 $147,185.40 $980.39 $0.00 $832.21 $148,998.00
111 $148,998.00 $980.39 $0.00 $842.46 $150,820.85
112 $150,820.85 $980.39 $0.00 $852.76 $152,654.00
113 $152,654.00 $980.39 $0.00 $863.13 $154,497.52
114 $154,497.52 $980.39 $0.00 $873.55 $156,351.46
115 $156,351.46 $980.39 $0.00 $884.03 $158,215.88
116 $158,215.88 $980.39 $0.00 $894.58 $160,090.85
117 $160,090.85 $980.39 $0.00 $905.18 $161,976.42
118 $161,976.42 $980.39 $0.00 $915.84 $163,872.65
119 $163,872.65 $980.39 $0.00 $926.56 $165,779.60
120 $165,779.60 $980.39 $0.00 $937.34 $167,697.33
121 $167,697.33 $980.39 $0.00 $948.19 $169,625.91
122 $169,625.91 $980.39 $0.00 $959.09 $171,565.39
123 $171,565.39 $980.39 $0.00 $970.06 $173,515.84
124 $173,515.84 $980.39 $0.00 $981.08 $175,477.31
125 $175,477.31 $980.39 $0.00 $992.17 $177,449.87
126 $177,449.87 $980.39 $0.00 $1,003.33 $179,433.59
127 $179,433.59 $980.39 $0.00 $1,014.54 $181,428.52
128 $181,428.52 $980.39 $0.00 $1,025.82 $183,434.73
129 $183,434.73 $980.39 $0.00 $1,037.17 $185,452.29
130 $185,452.29 $980.39 $0.00 $1,048.57 $187,481.25
131 $187,481.25 $980.39 $0.00 $1,060.05 $189,521.69
132 $189,521.69 $980.39 $0.00 $1,071.58 $191,573.66
133 $191,573.66 $980.39 $0.00 $1,083.19 $193,637.24
134 $193,637.24 $980.39 $0.00 $1,094.85 $195,712.48
135 $195,712.48 $980.39 $0.00 $1,106.59 $197,799.46
136 $197,799.46 $980.39 $0.00 $1,118.39 $199,898.24
137 $199,898.24 $980.39 $0.00 $1,130.25 $202,008.88
138 $202,008.88 $980.39 $0.00 $1,142.19 $204,131.46
139 $204,131.46 $980.39 $0.00 $1,154.19 $206,266.04
140 $206,266.04 $980.39 $0.00 $1,166.26 $208,412.69
141 $208,412.69 $980.39 $0.00 $1,178.40 $210,571.48
142 $210,571.48 $980.39 $0.00 $1,190.60 $212,742.47
143 $212,742.47 $980.39 $0.00 $1,202.88 $214,925.74
144 $214,925.74 $980.39 $0.00 $1,215.22 $217,121.35
145 $217,121.35 $980.39 $0.00 $1,227.64 $219,329.38
146 $219,329.38 $980.39 $0.00 $1,240.12 $221,549.89
147 $221,549.89 $980.39 $0.00 $1,252.68 $223,782.96
148 $223,782.96 $980.39 $0.00 $1,265.30 $226,028.65
149 $226,028.65 $980.39 $0.00 $1,278.00 $228,287.04
150 $228,287.04 $980.39 $0.00 $1,290.77 $230,558.20
151 $230,558.20 $980.39 $0.00 $1,303.61 $232,842.20
152 $232,842.20 $980.39 $0.00 $1,316.52 $235,139.11
153 $235,139.11 $980.39 $0.00 $1,329.51 $237,449.01
154 $237,449.01 $980.39 $0.00 $1,342.57 $239,771.97
155 $239,771.97 $980.39 $0.00 $1,355.71 $242,108.07
156 $242,108.07 $980.39 $0.00 $1,368.91 $244,457.37
157 $244,457.37 $980.39 $0.00 $1,382.20 $246,819.96
158 $246,819.96 $980.39 $0.00 $1,395.56 $249,195.91
159 $249,195.91 $980.39 $0.00 $1,408.99 $251,585.29
160 $251,585.29 $980.39 $0.00 $1,422.50 $253,988.18
161 $253,988.18 $980.39 $0.00 $1,436.09 $256,404.66
162 $256,404.66 $980.39 $0.00 $1,449.75 $258,834.80
163 $258,834.80 $980.39 $0.00 $1,463.49 $261,278.68
164 $261,278.68 $980.39 $0.00 $1,477.31 $263,736.38
165 $263,736.38 $980.39 $0.00 $1,491.20 $266,207.97
166 $266,207.97 $980.39 $0.00 $1,505.18 $268,693.54
167 $268,693.54 $980.39 $0.00 $1,519.23 $271,193.16
168 $271,193.16 $980.39 $0.00 $1,533.37 $273,706.92
169 $273,706.92 $980.39 $0.00 $1,547.58 $276,234.89
170 $276,234.89 $980.39 $0.00 $1,561.87 $278,777.15
171 $278,777.15 $980.39 $0.00 $1,576.25 $281,333.79
172 $281,333.79 $980.39 $0.00 $1,590.70 $283,904.88
173 $283,904.88 $980.39 $0.00 $1,605.24 $286,490.51
174 $286,490.51 $980.39 $0.00 $1,619.86 $289,090.76
175 $289,090.76 $980.39 $0.00 $1,634.56 $291,705.71
176 $291,705.71 $980.39 $0.00 $1,649.35 $294,335.45
177 $294,335.45 $980.39 $0.00 $1,664.22 $296,980.06
178 $296,980.06 $980.39 $0.00 $1,679.17 $299,639.62
179 $299,639.62 $980.39 $0.00 $1,694.21 $302,314.22
180 $302,314.22 $980.39 $0.00 $1,709.33 $305,003.94
181 $305,003.94 $980.39 $0.00 $1,724.54 $307,708.87
182 $307,708.87 $980.39 $0.00 $1,739.83 $310,429.09
183 $310,429.09 $980.39 $0.00 $1,755.21 $313,164.69
184 $313,164.69 $980.39 $0.00 $1,770.68 $315,915.76
185 $315,915.76 $980.39 $0.00 $1,786.23 $318,682.38
186 $318,682.38 $980.39 $0.00 $1,801.88 $321,464.65
187 $321,464.65 $980.39 $0.00 $1,817.61 $324,262.65
188 $324,262.65 $980.39 $0.00 $1,833.43 $327,076.47
189 $327,076.47 $980.39 $0.00 $1,849.34 $329,906.20
190 $329,906.20 $980.39 $0.00 $1,865.34 $332,751.93
191 $332,751.93 $980.39 $0.00 $1,881.43 $335,613.75
192 $335,613.75 $980.39 $0.00 $1,897.61 $338,491.75
193 $338,491.75 $980.39 $0.00 $1,913.88 $341,386.02
194 $341,386.02 $980.39 $0.00 $1,930.25 $344,296.66
195 $344,296.66 $980.39 $0.00 $1,946.70 $347,223.75
196 $347,223.75 $980.39 $0.00 $1,963.25 $350,167.39
197 $350,167.39 $980.39 $0.00 $1,979.90 $353,127.68
198 $353,127.68 $980.39 $0.00 $1,996.64 $356,104.71
199 $356,104.71 $980.39 $0.00 $2,013.47 $359,098.57
200 $359,098.57 $980.39 $0.00 $2,030.40 $362,109.36
201 $362,109.36 $980.39 $0.00 $2,047.42 $365,137.17
202 $365,137.17 $980.39 $0.00 $2,064.54 $368,182.10
203 $368,182.10 $980.39 $0.00 $2,081.76 $371,244.25
204 $371,244.25 $980.39 $0.00 $2,099.07 $374,323.71
205 $374,323.71 $980.39 $0.00 $2,116.48 $377,420.58
206 $377,420.58 $980.39 $0.00 $2,133.99 $380,534.96
207 $380,534.96 $980.39 $0.00 $2,151.60 $383,666.95
208 $383,666.95 $980.39 $0.00 $2,169.31 $386,816.65
209 $386,816.65 $980.39 $0.00 $2,187.12 $389,984.16
210 $389,984.16 $980.39 $0.00 $2,205.03 $393,169.58
211 $393,169.58 $980.39 $0.00 $2,223.04 $396,373.01
212 $396,373.01 $980.39 $0.00 $2,241.15 $399,594.55
213 $399,594.55 $980.39 $0.00 $2,259.37 $402,834.31
214 $402,834.31 $980.39 $0.00 $2,277.68 $406,092.38
215 $406,092.38 $980.39 $0.00 $2,296.11 $409,368.88
216 $409,368.88 $980.39 $0.00 $2,314.63 $412,663.90
217 $412,663.90 $980.39 $111,757.46 $2,333.26 $304,220.09
218 $304,220.09 $980.39 $0.00 $1,720.10 $306,920.58
219 $306,920.58 $980.39 $0.00 $1,735.37 $309,636.34
220 $309,636.34 $980.39 $0.00 $1,750.73 $312,367.46
221 $312,367.46 $980.39 $0.00 $1,766.17 $315,114.02
222 $315,114.02 $980.39 $0.00 $1,781.70 $317,876.11
223 $317,876.11 $980.39 $0.00 $1,797.32 $320,653.82
224 $320,653.82 $980.39 $0.00 $1,813.02 $323,447.23
225 $323,447.23 $980.39 $0.00 $1,828.82 $326,256.44
226 $326,256.44 $980.39 $0.00 $1,844.70 $329,081.53
227 $329,081.53 $980.39 $0.00 $1,860.67 $331,922.59
228 $331,922.59 $980.39 $0.00 $1,876.74 $334,779.72
229 $334,779.72 $980.39 $119,580.48 $1,892.89 $218,072.52
230 $218,072.52 $980.39 $0.00 $1,233.01 $220,285.92
231 $220,285.92 $980.39 $0.00 $1,245.53 $222,511.84
232 $222,511.84 $980.39 $0.00 $1,258.11 $224,750.34
233 $224,750.34 $980.39 $0.00 $1,270.77 $227,001.50
234 $227,001.50 $980.39 $0.00 $1,283.50 $229,265.39
235 $229,265.39 $980.39 $0.00 $1,296.30 $231,542.08
236 $231,542.08 $980.39 $0.00 $1,309.17 $233,831.64
237 $233,831.64 $980.39 $0.00 $1,322.12 $236,134.15
238 $236,134.15 $980.39 $0.00 $1,335.14 $238,449.68
239 $238,449.68 $980.39 $0.00 $1,348.23 $240,778.30
240 $240,778.30 $980.39 $0.00 $1,361.40 $243,120.09
241 $243,120.09 $980.39 $127,951.12 $1,374.64 $117,524.00
242 $117,524.00 $980.39 $0.00 $664.50 $119,168.89
243 $119,168.89 $980.39 $0.00 $673.80 $120,823.08
244 $120,823.08 $980.39 $0.00 $683.15 $122,486.62
245 $122,486.62 $980.39 $0.00 $692.56 $124,159.57
246 $124,159.57 $980.39 $0.00 $702.02 $125,841.98
247 $125,841.98 $980.39 $0.00 $711.53 $127,533.90
248 $127,533.90 $980.39 $0.00 $721.10 $129,235.39
249 $129,235.39 $980.39 $0.00 $730.72 $130,946.50
250 $130,946.50 $980.39 $0.00 $740.39 $132,667.28
251 $132,667.28 $980.39 $0.00 $750.12 $134,397.79
252 $134,397.79 $980.39 $0.00 $759.90 $136,138.08
253 $136,138.08 $0.00 $136,907.69 $769.74 $0.13