Savings Plan and Future Cost Estimation for University of Louisville

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$78,325
Monthly savings required$620

How much will it cost to send your child to University of Louisville in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $313,300.95 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $620.00 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$30,204.00
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 $620.00 $0.00 $0.00 $620.00
2 $620.00 $620.00 $0.00 $3.51 $1,243.51
3 $1,243.51 $620.00 $0.00 $7.03 $1,870.54
4 $1,870.54 $620.00 $0.00 $10.58 $2,501.12
5 $2,501.12 $620.00 $0.00 $14.14 $3,135.26
6 $3,135.26 $620.00 $0.00 $17.73 $3,772.99
7 $3,772.99 $620.00 $0.00 $21.33 $4,414.32
8 $4,414.32 $620.00 $0.00 $24.96 $5,059.28
9 $5,059.28 $620.00 $0.00 $28.61 $5,707.89
10 $5,707.89 $620.00 $0.00 $32.27 $6,360.16
11 $6,360.16 $620.00 $0.00 $35.96 $7,016.12
12 $7,016.12 $620.00 $0.00 $39.67 $7,675.79
13 $7,675.79 $620.00 $0.00 $43.40 $8,339.19
14 $8,339.19 $620.00 $0.00 $47.15 $9,006.34
15 $9,006.34 $620.00 $0.00 $50.92 $9,677.26
16 $9,677.26 $620.00 $0.00 $54.72 $10,351.98
17 $10,351.98 $620.00 $0.00 $58.53 $11,030.51
18 $11,030.51 $620.00 $0.00 $62.37 $11,712.88
19 $11,712.88 $620.00 $0.00 $66.23 $12,399.11
20 $12,399.11 $620.00 $0.00 $70.11 $13,089.22
21 $13,089.22 $620.00 $0.00 $74.01 $13,783.23
22 $13,783.23 $620.00 $0.00 $77.93 $14,481.16
23 $14,481.16 $620.00 $0.00 $81.88 $15,183.04
24 $15,183.04 $620.00 $0.00 $85.85 $15,888.89
25 $15,888.89 $620.00 $0.00 $89.84 $16,598.73
26 $16,598.73 $620.00 $0.00 $93.85 $17,312.58
27 $17,312.58 $620.00 $0.00 $97.89 $18,030.47
28 $18,030.47 $620.00 $0.00 $101.95 $18,752.42
29 $18,752.42 $620.00 $0.00 $106.03 $19,478.45
30 $19,478.45 $620.00 $0.00 $110.13 $20,208.58
31 $20,208.58 $620.00 $0.00 $114.26 $20,942.84
32 $20,942.84 $620.00 $0.00 $118.41 $21,681.25
33 $21,681.25 $620.00 $0.00 $122.59 $22,423.84
34 $22,423.84 $620.00 $0.00 $126.79 $23,170.63
35 $23,170.63 $620.00 $0.00 $131.01 $23,921.64
36 $23,921.64 $620.00 $0.00 $135.26 $24,676.90
37 $24,676.90 $620.00 $0.00 $139.53 $25,436.43
38 $25,436.43 $620.00 $0.00 $143.82 $26,200.25
39 $26,200.25 $620.00 $0.00 $148.14 $26,968.39
40 $26,968.39 $620.00 $0.00 $152.48 $27,740.87
41 $27,740.87 $620.00 $0.00 $156.85 $28,517.72
42 $28,517.72 $620.00 $0.00 $161.24 $29,298.96
43 $29,298.96 $620.00 $0.00 $165.66 $30,084.62
44 $30,084.62 $620.00 $0.00 $170.10 $30,874.72
45 $30,874.72 $620.00 $0.00 $174.57 $31,669.29
46 $31,669.29 $620.00 $0.00 $179.06 $32,468.35
47 $32,468.35 $620.00 $0.00 $183.58 $33,271.93
48 $33,271.93 $620.00 $0.00 $188.12 $34,080.05
49 $34,080.05 $620.00 $0.00 $192.69 $34,892.74
50 $34,892.74 $620.00 $0.00 $197.29 $35,710.03
51 $35,710.03 $620.00 $0.00 $201.91 $36,531.94
52 $36,531.94 $620.00 $0.00 $206.56 $37,358.50
53 $37,358.50 $620.00 $0.00 $211.23 $38,189.73
54 $38,189.73 $620.00 $0.00 $215.93 $39,025.66
55 $39,025.66 $620.00 $0.00 $220.66 $39,866.32
56 $39,866.32 $620.00 $0.00 $225.41 $40,711.73
57 $40,711.73 $620.00 $0.00 $230.19 $41,561.92
58 $41,561.92 $620.00 $0.00 $235.00 $42,416.92
59 $42,416.92 $620.00 $0.00 $239.83 $43,276.75
60 $43,276.75 $620.00 $0.00 $244.69 $44,141.44
61 $44,141.44 $620.00 $0.00 $249.58 $45,011.02
62 $45,011.02 $620.00 $0.00 $254.50 $45,885.52
63 $45,885.52 $620.00 $0.00 $259.44 $46,764.96
64 $46,764.96 $620.00 $0.00 $264.42 $47,649.38
65 $47,649.38 $620.00 $0.00 $269.42 $48,538.80
66 $48,538.80 $620.00 $0.00 $274.45 $49,433.25
67 $49,433.25 $620.00 $0.00 $279.50 $50,332.75
68 $50,332.75 $620.00 $0.00 $284.59 $51,237.34
69 $51,237.34 $620.00 $0.00 $289.70 $52,147.04
70 $52,147.04 $620.00 $0.00 $294.85 $53,061.89
71 $53,061.89 $620.00 $0.00 $300.02 $53,981.91
72 $53,981.91 $620.00 $0.00 $305.22 $54,907.13
73 $54,907.13 $620.00 $0.00 $310.45 $55,837.58
74 $55,837.58 $620.00 $0.00 $315.71 $56,773.29
75 $56,773.29 $620.00 $0.00 $321.00 $57,714.29
76 $57,714.29 $620.00 $0.00 $326.32 $58,660.61
77 $58,660.61 $620.00 $0.00 $331.68 $59,612.29
78 $59,612.29 $620.00 $0.00 $337.06 $60,569.35
79 $60,569.35 $620.00 $0.00 $342.47 $61,531.82
80 $61,531.82 $620.00 $0.00 $347.91 $62,499.73
81 $62,499.73 $620.00 $0.00 $353.38 $63,473.11
82 $63,473.11 $620.00 $0.00 $358.89 $64,452.00
83 $64,452.00 $620.00 $0.00 $364.42 $65,436.42
84 $65,436.42 $620.00 $0.00 $369.99 $66,426.41
85 $66,426.41 $620.00 $0.00 $375.58 $67,421.99
86 $67,421.99 $620.00 $0.00 $381.21 $68,423.20
87 $68,423.20 $620.00 $0.00 $386.87 $69,430.07
88 $69,430.07 $620.00 $0.00 $392.57 $70,442.64
89 $70,442.64 $620.00 $0.00 $398.29 $71,460.93
90 $71,460.93 $620.00 $0.00 $404.05 $72,484.98
91 $72,484.98 $620.00 $0.00 $409.84 $73,514.82
92 $73,514.82 $620.00 $0.00 $415.66 $74,550.48
93 $74,550.48 $620.00 $0.00 $421.52 $75,592.00
94 $75,592.00 $620.00 $0.00 $427.41 $76,639.41
95 $76,639.41 $620.00 $0.00 $433.33 $77,692.74
96 $77,692.74 $620.00 $0.00 $439.29 $78,752.03
97 $78,752.03 $620.00 $0.00 $445.28 $79,817.31
98 $79,817.31 $620.00 $0.00 $451.30 $80,888.61
99 $80,888.61 $620.00 $0.00 $457.36 $81,965.97
100 $81,965.97 $620.00 $0.00 $463.45 $83,049.42
101 $83,049.42 $620.00 $0.00 $469.57 $84,138.99
102 $84,138.99 $620.00 $0.00 $475.73 $85,234.72
103 $85,234.72 $620.00 $0.00 $481.93 $86,336.65
104 $86,336.65 $620.00 $0.00 $488.16 $87,444.81
105 $87,444.81 $620.00 $0.00 $494.43 $88,559.24
106 $88,559.24 $620.00 $0.00 $500.73 $89,679.97
107 $89,679.97 $620.00 $0.00 $507.06 $90,807.03
108 $90,807.03 $620.00 $0.00 $513.44 $91,940.47
109 $91,940.47 $620.00 $0.00 $519.84 $93,080.31
110 $93,080.31 $620.00 $0.00 $526.29 $94,226.60
111 $94,226.60 $620.00 $0.00 $532.77 $95,379.37
112 $95,379.37 $620.00 $0.00 $539.29 $96,538.66
113 $96,538.66 $620.00 $0.00 $545.84 $97,704.50
114 $97,704.50 $620.00 $0.00 $552.44 $98,876.94
115 $98,876.94 $620.00 $0.00 $559.06 $100,056.00
116 $100,056.00 $620.00 $0.00 $565.73 $101,241.73
117 $101,241.73 $620.00 $0.00 $572.44 $102,434.17
118 $102,434.17 $620.00 $0.00 $579.18 $103,633.35
119 $103,633.35 $620.00 $0.00 $585.96 $104,839.31
120 $104,839.31 $620.00 $0.00 $592.78 $106,052.09
121 $106,052.09 $620.00 $0.00 $599.63 $107,271.72
122 $107,271.72 $620.00 $0.00 $606.53 $108,498.25
123 $108,498.25 $620.00 $0.00 $613.46 $109,731.71
124 $109,731.71 $620.00 $0.00 $620.44 $110,972.15
125 $110,972.15 $620.00 $0.00 $627.45 $112,219.60
126 $112,219.60 $620.00 $0.00 $634.51 $113,474.11
127 $113,474.11 $620.00 $0.00 $641.60 $114,735.71
128 $114,735.71 $620.00 $0.00 $648.73 $116,004.44
129 $116,004.44 $620.00 $0.00 $655.91 $117,280.35
130 $117,280.35 $620.00 $0.00 $663.12 $118,563.47
131 $118,563.47 $620.00 $0.00 $670.38 $119,853.85
132 $119,853.85 $620.00 $0.00 $677.67 $121,151.52
133 $121,151.52 $620.00 $0.00 $685.01 $122,456.53
134 $122,456.53 $620.00 $0.00 $692.39 $123,768.92
135 $123,768.92 $620.00 $0.00 $699.81 $125,088.73
136 $125,088.73 $620.00 $0.00 $707.27 $126,416.00
137 $126,416.00 $620.00 $0.00 $714.77 $127,750.77
138 $127,750.77 $620.00 $0.00 $722.32 $129,093.09
139 $129,093.09 $620.00 $0.00 $729.91 $130,443.00
140 $130,443.00 $620.00 $0.00 $737.54 $131,800.54
141 $131,800.54 $620.00 $0.00 $745.22 $133,165.76
142 $133,165.76 $620.00 $0.00 $752.94 $134,538.70
143 $134,538.70 $620.00 $0.00 $760.70 $135,919.40
144 $135,919.40 $620.00 $0.00 $768.51 $137,307.91
145 $137,307.91 $620.00 $0.00 $776.36 $138,704.27
146 $138,704.27 $620.00 $0.00 $784.25 $140,108.52
147 $140,108.52 $620.00 $0.00 $792.19 $141,520.71
148 $141,520.71 $620.00 $0.00 $800.18 $142,940.89
149 $142,940.89 $620.00 $0.00 $808.21 $144,369.10
150 $144,369.10 $620.00 $0.00 $816.28 $145,805.38
151 $145,805.38 $620.00 $0.00 $824.40 $147,249.78
152 $147,249.78 $620.00 $0.00 $832.57 $148,702.35
153 $148,702.35 $620.00 $0.00 $840.78 $150,163.13
154 $150,163.13 $620.00 $0.00 $849.04 $151,632.17
155 $151,632.17 $620.00 $0.00 $857.35 $153,109.52
156 $153,109.52 $620.00 $0.00 $865.70 $154,595.22
157 $154,595.22 $620.00 $0.00 $874.10 $156,089.32
158 $156,089.32 $620.00 $0.00 $882.55 $157,591.87
159 $157,591.87 $620.00 $0.00 $891.05 $159,102.92
160 $159,102.92 $620.00 $0.00 $899.59 $160,622.51
161 $160,622.51 $620.00 $0.00 $908.18 $162,150.69
162 $162,150.69 $620.00 $0.00 $916.82 $163,687.51
163 $163,687.51 $620.00 $0.00 $925.51 $165,233.02
164 $165,233.02 $620.00 $0.00 $934.25 $166,787.27
165 $166,787.27 $620.00 $0.00 $943.04 $168,350.31
166 $168,350.31 $620.00 $0.00 $951.88 $169,922.19
167 $169,922.19 $620.00 $0.00 $960.76 $171,502.95
168 $171,502.95 $620.00 $0.00 $969.70 $173,092.65
169 $173,092.65 $620.00 $0.00 $978.69 $174,691.34
170 $174,691.34 $620.00 $0.00 $987.73 $176,299.07
171 $176,299.07 $620.00 $0.00 $996.82 $177,915.89
172 $177,915.89 $620.00 $0.00 $1,005.96 $179,541.85
173 $179,541.85 $620.00 $0.00 $1,015.16 $181,177.01
174 $181,177.01 $620.00 $0.00 $1,024.40 $182,821.41
175 $182,821.41 $620.00 $0.00 $1,033.70 $184,475.11
176 $184,475.11 $620.00 $0.00 $1,043.05 $186,138.16
177 $186,138.16 $620.00 $0.00 $1,052.45 $187,810.61
178 $187,810.61 $620.00 $0.00 $1,061.91 $189,492.52
179 $189,492.52 $620.00 $0.00 $1,071.42 $191,183.94
180 $191,183.94 $620.00 $0.00 $1,080.98 $192,884.92
181 $192,884.92 $620.00 $0.00 $1,090.60 $194,595.52
182 $194,595.52 $620.00 $0.00 $1,100.27 $196,315.79
183 $196,315.79 $620.00 $0.00 $1,110.00 $198,045.79
184 $198,045.79 $620.00 $0.00 $1,119.78 $199,785.57
185 $199,785.57 $620.00 $0.00 $1,129.62 $201,535.19
186 $201,535.19 $620.00 $0.00 $1,139.51 $203,294.70
187 $203,294.70 $620.00 $0.00 $1,149.46 $205,064.16
188 $205,064.16 $620.00 $0.00 $1,159.46 $206,843.62
189 $206,843.62 $620.00 $0.00 $1,169.52 $208,633.14
190 $208,633.14 $620.00 $0.00 $1,179.64 $210,432.78
191 $210,432.78 $620.00 $0.00 $1,189.82 $212,242.60
192 $212,242.60 $620.00 $0.00 $1,200.05 $214,062.65
193 $214,062.65 $620.00 $0.00 $1,210.34 $215,892.99
194 $215,892.99 $620.00 $0.00 $1,220.69 $217,733.68
195 $217,733.68 $620.00 $0.00 $1,231.10 $219,584.78
196 $219,584.78 $620.00 $0.00 $1,241.56 $221,446.34
197 $221,446.34 $620.00 $0.00 $1,252.09 $223,318.43
198 $223,318.43 $620.00 $0.00 $1,262.67 $225,201.10
199 $225,201.10 $620.00 $0.00 $1,273.32 $227,094.42
200 $227,094.42 $620.00 $0.00 $1,284.02 $228,998.44
201 $228,998.44 $620.00 $0.00 $1,294.79 $230,913.23
202 $230,913.23 $620.00 $0.00 $1,305.62 $232,838.85
203 $232,838.85 $620.00 $0.00 $1,316.50 $234,775.35
204 $234,775.35 $620.00 $0.00 $1,327.45 $236,722.80
205 $236,722.80 $620.00 $0.00 $1,338.47 $238,681.27
206 $238,681.27 $620.00 $0.00 $1,349.54 $240,650.81
207 $240,650.81 $620.00 $0.00 $1,360.67 $242,631.48
208 $242,631.48 $620.00 $0.00 $1,371.87 $244,623.35
209 $244,623.35 $620.00 $0.00 $1,383.14 $246,626.49
210 $246,626.49 $620.00 $0.00 $1,394.46 $248,640.95
211 $248,640.95 $620.00 $0.00 $1,405.85 $250,666.80
212 $250,666.80 $620.00 $0.00 $1,417.31 $252,704.11
213 $252,704.11 $620.00 $0.00 $1,428.83 $254,752.94
214 $254,752.94 $620.00 $0.00 $1,440.41 $256,813.35
215 $256,813.35 $620.00 $0.00 $1,452.06 $258,885.41
216 $258,885.41 $620.00 $0.00 $1,463.78 $260,969.19
217 $260,969.19 $620.00 $72,689.53 $1,475.56 $190,375.22
218 $190,375.22 $620.00 $0.00 $1,076.41 $192,071.63
219 $192,071.63 $620.00 $0.00 $1,086.00 $193,777.63
220 $193,777.63 $620.00 $0.00 $1,095.65 $195,493.28
221 $195,493.28 $620.00 $0.00 $1,105.35 $197,218.63
222 $197,218.63 $620.00 $0.00 $1,115.10 $198,953.73
223 $198,953.73 $620.00 $0.00 $1,124.91 $200,698.64
224 $200,698.64 $620.00 $0.00 $1,134.78 $202,453.42
225 $202,453.42 $620.00 $0.00 $1,144.70 $204,218.12
226 $204,218.12 $620.00 $0.00 $1,154.68 $205,992.80
227 $205,992.80 $620.00 $0.00 $1,164.71 $207,777.51
228 $207,777.51 $620.00 $0.00 $1,174.80 $209,572.31
229 $209,572.31 $620.00 $76,324.00 $1,184.95 $135,053.26
230 $135,053.26 $620.00 $0.00 $763.61 $136,436.87
231 $136,436.87 $620.00 $0.00 $771.43 $137,828.30
232 $137,828.30 $620.00 $0.00 $779.30 $139,227.60
233 $139,227.60 $620.00 $0.00 $787.21 $140,634.81
234 $140,634.81 $620.00 $0.00 $795.17 $142,049.98
235 $142,049.98 $620.00 $0.00 $803.17 $143,473.15
236 $143,473.15 $620.00 $0.00 $811.22 $144,904.37
237 $144,904.37 $620.00 $0.00 $819.31 $146,343.68
238 $146,343.68 $620.00 $0.00 $827.45 $147,791.13
239 $147,791.13 $620.00 $0.00 $835.63 $149,246.76
240 $149,246.76 $620.00 $0.00 $843.86 $150,710.62
241 $150,710.62 $620.00 $80,140.20 $852.14 $72,042.56
242 $72,042.56 $620.00 $0.00 $407.34 $73,069.90
243 $73,069.90 $620.00 $0.00 $413.15 $74,103.05
244 $74,103.05 $620.00 $0.00 $418.99 $75,142.04
245 $75,142.04 $620.00 $0.00 $424.86 $76,186.90
246 $76,186.90 $620.00 $0.00 $430.77 $77,237.67
247 $77,237.67 $620.00 $0.00 $436.71 $78,294.38
248 $78,294.38 $620.00 $0.00 $442.69 $79,357.07
249 $79,357.07 $620.00 $0.00 $448.70 $80,425.77
250 $80,425.77 $620.00 $0.00 $454.74 $81,500.51
251 $81,500.51 $620.00 $0.00 $460.82 $82,581.33
252 $82,581.33 $620.00 $0.00 $466.93 $83,668.26
253 $83,668.26 $0.00 $84,147.21 $473.07 ($5.88)