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 2040$76,961
Monthly savings required$609

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 $307,844.84 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $609.22 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$29,678.00
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 $609.22 $0.00 $0.00 $609.22
2 $609.22 $609.22 $0.00 $3.44 $1,221.88
3 $1,221.88 $609.22 $0.00 $6.91 $1,838.01
4 $1,838.01 $609.22 $0.00 $10.39 $2,457.62
5 $2,457.62 $609.22 $0.00 $13.90 $3,080.74
6 $3,080.74 $609.22 $0.00 $17.42 $3,707.38
7 $3,707.38 $609.22 $0.00 $20.96 $4,337.56
8 $4,337.56 $609.22 $0.00 $24.53 $4,971.31
9 $4,971.31 $609.22 $0.00 $28.11 $5,608.64
10 $5,608.64 $609.22 $0.00 $31.71 $6,249.57
11 $6,249.57 $609.22 $0.00 $35.34 $6,894.13
12 $6,894.13 $609.22 $0.00 $38.98 $7,542.33
13 $7,542.33 $609.22 $0.00 $42.65 $8,194.20
14 $8,194.20 $609.22 $0.00 $46.33 $8,849.75
15 $8,849.75 $609.22 $0.00 $50.04 $9,509.01
16 $9,509.01 $609.22 $0.00 $53.77 $10,172.00
17 $10,172.00 $609.22 $0.00 $57.51 $10,838.73
18 $10,838.73 $609.22 $0.00 $61.28 $11,509.23
19 $11,509.23 $609.22 $0.00 $65.07 $12,183.52
20 $12,183.52 $609.22 $0.00 $68.89 $12,861.63
21 $12,861.63 $609.22 $0.00 $72.72 $13,543.57
22 $13,543.57 $609.22 $0.00 $76.58 $14,229.37
23 $14,229.37 $609.22 $0.00 $80.45 $14,919.04
24 $14,919.04 $609.22 $0.00 $84.35 $15,612.61
25 $15,612.61 $609.22 $0.00 $88.28 $16,310.11
26 $16,310.11 $609.22 $0.00 $92.22 $17,011.55
27 $17,011.55 $609.22 $0.00 $96.19 $17,716.96
28 $17,716.96 $609.22 $0.00 $100.17 $18,426.35
29 $18,426.35 $609.22 $0.00 $104.19 $19,139.76
30 $19,139.76 $609.22 $0.00 $108.22 $19,857.20
31 $19,857.20 $609.22 $0.00 $112.28 $20,578.70
32 $20,578.70 $609.22 $0.00 $116.35 $21,304.27
33 $21,304.27 $609.22 $0.00 $120.46 $22,033.95
34 $22,033.95 $609.22 $0.00 $124.58 $22,767.75
35 $22,767.75 $609.22 $0.00 $128.73 $23,505.70
36 $23,505.70 $609.22 $0.00 $132.90 $24,247.82
37 $24,247.82 $609.22 $0.00 $137.10 $24,994.14
38 $24,994.14 $609.22 $0.00 $141.32 $25,744.68
39 $25,744.68 $609.22 $0.00 $145.56 $26,499.46
40 $26,499.46 $609.22 $0.00 $149.83 $27,258.51
41 $27,258.51 $609.22 $0.00 $154.12 $28,021.85
42 $28,021.85 $609.22 $0.00 $158.44 $28,789.51
43 $28,789.51 $609.22 $0.00 $162.78 $29,561.51
44 $29,561.51 $609.22 $0.00 $167.15 $30,337.88
45 $30,337.88 $609.22 $0.00 $171.53 $31,118.63
46 $31,118.63 $609.22 $0.00 $175.95 $31,903.80
47 $31,903.80 $609.22 $0.00 $180.39 $32,693.41
48 $32,693.41 $609.22 $0.00 $184.85 $33,487.48
49 $33,487.48 $609.22 $0.00 $189.34 $34,286.04
50 $34,286.04 $609.22 $0.00 $193.86 $35,089.12
51 $35,089.12 $609.22 $0.00 $198.40 $35,896.74
52 $35,896.74 $609.22 $0.00 $202.97 $36,708.93
53 $36,708.93 $609.22 $0.00 $207.56 $37,525.71
54 $37,525.71 $609.22 $0.00 $212.18 $38,347.11
55 $38,347.11 $609.22 $0.00 $216.82 $39,173.15
56 $39,173.15 $609.22 $0.00 $221.49 $40,003.86
57 $40,003.86 $609.22 $0.00 $226.19 $40,839.27
58 $40,839.27 $609.22 $0.00 $230.91 $41,679.40
59 $41,679.40 $609.22 $0.00 $235.66 $42,524.28
60 $42,524.28 $609.22 $0.00 $240.44 $43,373.94
61 $43,373.94 $609.22 $0.00 $245.24 $44,228.40
62 $44,228.40 $609.22 $0.00 $250.07 $45,087.69
63 $45,087.69 $609.22 $0.00 $254.93 $45,951.84
64 $45,951.84 $609.22 $0.00 $259.82 $46,820.88
65 $46,820.88 $609.22 $0.00 $264.73 $47,694.83
66 $47,694.83 $609.22 $0.00 $269.67 $48,573.72
67 $48,573.72 $609.22 $0.00 $274.64 $49,457.58
68 $49,457.58 $609.22 $0.00 $279.64 $50,346.44
69 $50,346.44 $609.22 $0.00 $284.67 $51,240.33
70 $51,240.33 $609.22 $0.00 $289.72 $52,139.27
71 $52,139.27 $609.22 $0.00 $294.80 $53,043.29
72 $53,043.29 $609.22 $0.00 $299.91 $53,952.42
73 $53,952.42 $609.22 $0.00 $305.05 $54,866.69
74 $54,866.69 $609.22 $0.00 $310.22 $55,786.13
75 $55,786.13 $609.22 $0.00 $315.42 $56,710.77
76 $56,710.77 $609.22 $0.00 $320.65 $57,640.64
77 $57,640.64 $609.22 $0.00 $325.91 $58,575.77
78 $58,575.77 $609.22 $0.00 $331.20 $59,516.19
79 $59,516.19 $609.22 $0.00 $336.51 $60,461.92
80 $60,461.92 $609.22 $0.00 $341.86 $61,413.00
81 $61,413.00 $609.22 $0.00 $347.24 $62,369.46
82 $62,369.46 $609.22 $0.00 $352.65 $63,331.33
83 $63,331.33 $609.22 $0.00 $358.08 $64,298.63
84 $64,298.63 $609.22 $0.00 $363.55 $65,271.40
85 $65,271.40 $609.22 $0.00 $369.05 $66,249.67
86 $66,249.67 $609.22 $0.00 $374.59 $67,233.48
87 $67,233.48 $609.22 $0.00 $380.15 $68,222.85
88 $68,222.85 $609.22 $0.00 $385.74 $69,217.81
89 $69,217.81 $609.22 $0.00 $391.37 $70,218.40
90 $70,218.40 $609.22 $0.00 $397.03 $71,224.65
91 $71,224.65 $609.22 $0.00 $402.71 $72,236.58
92 $72,236.58 $609.22 $0.00 $408.44 $73,254.24
93 $73,254.24 $609.22 $0.00 $414.19 $74,277.65
94 $74,277.65 $609.22 $0.00 $419.98 $75,306.85
95 $75,306.85 $609.22 $0.00 $425.80 $76,341.87
96 $76,341.87 $609.22 $0.00 $431.65 $77,382.74
97 $77,382.74 $609.22 $0.00 $437.53 $78,429.49
98 $78,429.49 $609.22 $0.00 $443.45 $79,482.16
99 $79,482.16 $609.22 $0.00 $449.40 $80,540.78
100 $80,540.78 $609.22 $0.00 $455.39 $81,605.39
101 $81,605.39 $609.22 $0.00 $461.41 $82,676.02
102 $82,676.02 $609.22 $0.00 $467.46 $83,752.70
103 $83,752.70 $609.22 $0.00 $473.55 $84,835.47
104 $84,835.47 $609.22 $0.00 $479.67 $85,924.36
105 $85,924.36 $609.22 $0.00 $485.83 $87,019.41
106 $87,019.41 $609.22 $0.00 $492.02 $88,120.65
107 $88,120.65 $609.22 $0.00 $498.25 $89,228.12
108 $89,228.12 $609.22 $0.00 $504.51 $90,341.85
109 $90,341.85 $609.22 $0.00 $510.81 $91,461.88
110 $91,461.88 $609.22 $0.00 $517.14 $92,588.24
111 $92,588.24 $609.22 $0.00 $523.51 $93,720.97
112 $93,720.97 $609.22 $0.00 $529.91 $94,860.10
113 $94,860.10 $609.22 $0.00 $536.35 $96,005.67
114 $96,005.67 $609.22 $0.00 $542.83 $97,157.72
115 $97,157.72 $609.22 $0.00 $549.34 $98,316.28
116 $98,316.28 $609.22 $0.00 $555.89 $99,481.39
117 $99,481.39 $609.22 $0.00 $562.48 $100,653.09
118 $100,653.09 $609.22 $0.00 $569.11 $101,831.42
119 $101,831.42 $609.22 $0.00 $575.77 $103,016.41
120 $103,016.41 $609.22 $0.00 $582.47 $104,208.10
121 $104,208.10 $609.22 $0.00 $589.21 $105,406.53
122 $105,406.53 $609.22 $0.00 $595.98 $106,611.73
123 $106,611.73 $609.22 $0.00 $602.80 $107,823.75
124 $107,823.75 $609.22 $0.00 $609.65 $109,042.62
125 $109,042.62 $609.22 $0.00 $616.54 $110,268.38
126 $110,268.38 $609.22 $0.00 $623.47 $111,501.07
127 $111,501.07 $609.22 $0.00 $630.44 $112,740.73
128 $112,740.73 $609.22 $0.00 $637.45 $113,987.40
129 $113,987.40 $609.22 $0.00 $644.50 $115,241.12
130 $115,241.12 $609.22 $0.00 $651.59 $116,501.93
131 $116,501.93 $609.22 $0.00 $658.72 $117,769.87
132 $117,769.87 $609.22 $0.00 $665.89 $119,044.98
133 $119,044.98 $609.22 $0.00 $673.10 $120,327.30
134 $120,327.30 $609.22 $0.00 $680.35 $121,616.87
135 $121,616.87 $609.22 $0.00 $687.64 $122,913.73
136 $122,913.73 $609.22 $0.00 $694.97 $124,217.92
137 $124,217.92 $609.22 $0.00 $702.35 $125,529.49
138 $125,529.49 $609.22 $0.00 $709.76 $126,848.47
139 $126,848.47 $609.22 $0.00 $717.22 $128,174.91
140 $128,174.91 $609.22 $0.00 $724.72 $129,508.85
141 $129,508.85 $609.22 $0.00 $732.26 $130,850.33
142 $130,850.33 $609.22 $0.00 $739.85 $132,199.40
143 $132,199.40 $609.22 $0.00 $747.47 $133,556.09
144 $133,556.09 $609.22 $0.00 $755.15 $134,920.46
145 $134,920.46 $609.22 $0.00 $762.86 $136,292.54
146 $136,292.54 $609.22 $0.00 $770.62 $137,672.38
147 $137,672.38 $609.22 $0.00 $778.42 $139,060.02
148 $139,060.02 $609.22 $0.00 $786.27 $140,455.51
149 $140,455.51 $609.22 $0.00 $794.16 $141,858.89
150 $141,858.89 $609.22 $0.00 $802.09 $143,270.20
151 $143,270.20 $609.22 $0.00 $810.07 $144,689.49
152 $144,689.49 $609.22 $0.00 $818.10 $146,116.81
153 $146,116.81 $609.22 $0.00 $826.17 $147,552.20
154 $147,552.20 $609.22 $0.00 $834.28 $148,995.70
155 $148,995.70 $609.22 $0.00 $842.44 $150,447.36
156 $150,447.36 $609.22 $0.00 $850.65 $151,907.23
157 $151,907.23 $609.22 $0.00 $858.91 $153,375.36
158 $153,375.36 $609.22 $0.00 $867.21 $154,851.79
159 $154,851.79 $609.22 $0.00 $875.55 $156,336.56
160 $156,336.56 $609.22 $0.00 $883.95 $157,829.73
161 $157,829.73 $609.22 $0.00 $892.39 $159,331.34
162 $159,331.34 $609.22 $0.00 $900.88 $160,841.44
163 $160,841.44 $609.22 $0.00 $909.42 $162,360.08
164 $162,360.08 $609.22 $0.00 $918.01 $163,887.31
165 $163,887.31 $609.22 $0.00 $926.64 $165,423.17
166 $165,423.17 $609.22 $0.00 $935.33 $166,967.72
167 $166,967.72 $609.22 $0.00 $944.06 $168,521.00
168 $168,521.00 $609.22 $0.00 $952.84 $170,083.06
169 $170,083.06 $609.22 $0.00 $961.67 $171,653.95
170 $171,653.95 $609.22 $0.00 $970.56 $173,233.73
171 $173,233.73 $609.22 $0.00 $979.49 $174,822.44
172 $174,822.44 $609.22 $0.00 $988.47 $176,420.13
173 $176,420.13 $609.22 $0.00 $997.51 $178,026.86
174 $178,026.86 $609.22 $0.00 $1,006.59 $179,642.67
175 $179,642.67 $609.22 $0.00 $1,015.73 $181,267.62
176 $181,267.62 $609.22 $0.00 $1,024.91 $182,901.75
177 $182,901.75 $609.22 $0.00 $1,034.15 $184,545.12
178 $184,545.12 $609.22 $0.00 $1,043.44 $186,197.78
179 $186,197.78 $609.22 $0.00 $1,052.79 $187,859.79
180 $187,859.79 $609.22 $0.00 $1,062.19 $189,531.20
181 $189,531.20 $609.22 $0.00 $1,071.64 $191,212.06
182 $191,212.06 $609.22 $0.00 $1,081.14 $192,902.42
183 $192,902.42 $609.22 $0.00 $1,090.70 $194,602.34
184 $194,602.34 $609.22 $0.00 $1,100.31 $196,311.87
185 $196,311.87 $609.22 $0.00 $1,109.98 $198,031.07
186 $198,031.07 $609.22 $0.00 $1,119.70 $199,759.99
187 $199,759.99 $609.22 $0.00 $1,129.47 $201,498.68
188 $201,498.68 $609.22 $0.00 $1,139.30 $203,247.20
189 $203,247.20 $609.22 $0.00 $1,149.19 $205,005.61
190 $205,005.61 $609.22 $0.00 $1,159.13 $206,773.96
191 $206,773.96 $609.22 $0.00 $1,169.13 $208,552.31
192 $208,552.31 $609.22 $0.00 $1,179.19 $210,340.72
193 $210,340.72 $609.22 $0.00 $1,189.30 $212,139.24
194 $212,139.24 $609.22 $0.00 $1,199.47 $213,947.93
195 $213,947.93 $609.22 $0.00 $1,209.69 $215,766.84
196 $215,766.84 $609.22 $0.00 $1,219.98 $217,596.04
197 $217,596.04 $609.22 $0.00 $1,230.32 $219,435.58
198 $219,435.58 $609.22 $0.00 $1,240.72 $221,285.52
199 $221,285.52 $609.22 $0.00 $1,251.18 $223,145.92
200 $223,145.92 $609.22 $0.00 $1,261.70 $225,016.84
201 $225,016.84 $609.22 $0.00 $1,272.28 $226,898.34
202 $226,898.34 $609.22 $0.00 $1,282.92 $228,790.48
203 $228,790.48 $609.22 $0.00 $1,293.61 $230,693.31
204 $230,693.31 $609.22 $0.00 $1,304.37 $232,606.90
205 $232,606.90 $609.22 $0.00 $1,315.19 $234,531.31
206 $234,531.31 $609.22 $0.00 $1,326.07 $236,466.60
207 $236,466.60 $609.22 $0.00 $1,337.02 $238,412.84
208 $238,412.84 $609.22 $0.00 $1,348.02 $240,370.08
209 $240,370.08 $609.22 $0.00 $1,359.09 $242,338.39
210 $242,338.39 $609.22 $0.00 $1,370.22 $244,317.83
211 $244,317.83 $609.22 $0.00 $1,381.41 $246,308.46
212 $246,308.46 $609.22 $0.00 $1,392.66 $248,310.34
213 $248,310.34 $609.22 $0.00 $1,403.98 $250,323.54
214 $250,323.54 $609.22 $0.00 $1,415.37 $252,348.13
215 $252,348.13 $609.22 $0.00 $1,426.81 $254,384.16
216 $254,384.16 $609.22 $0.00 $1,438.33 $256,431.71
217 $256,431.71 $609.22 $71,423.65 $1,449.90 $187,067.18
218 $187,067.18 $609.22 $0.00 $1,057.71 $188,734.11
219 $188,734.11 $609.22 $0.00 $1,067.13 $190,410.46
220 $190,410.46 $609.22 $0.00 $1,076.61 $192,096.29
221 $192,096.29 $609.22 $0.00 $1,086.14 $193,791.65
222 $193,791.65 $609.22 $0.00 $1,095.73 $195,496.60
223 $195,496.60 $609.22 $0.00 $1,105.37 $197,211.19
224 $197,211.19 $609.22 $0.00 $1,115.06 $198,935.47
225 $198,935.47 $609.22 $0.00 $1,124.81 $200,669.50
226 $200,669.50 $609.22 $0.00 $1,134.61 $202,413.33
227 $202,413.33 $609.22 $0.00 $1,144.47 $204,167.02
228 $204,167.02 $609.22 $0.00 $1,154.39 $205,930.63
229 $205,930.63 $609.22 $74,994.83 $1,164.36 $132,709.38
230 $132,709.38 $609.22 $0.00 $750.36 $134,068.96
231 $134,068.96 $609.22 $0.00 $758.05 $135,436.23
232 $135,436.23 $609.22 $0.00 $765.78 $136,811.23
233 $136,811.23 $609.22 $0.00 $773.55 $138,194.00
234 $138,194.00 $609.22 $0.00 $781.37 $139,584.59
235 $139,584.59 $609.22 $0.00 $789.23 $140,983.04
236 $140,983.04 $609.22 $0.00 $797.14 $142,389.40
237 $142,389.40 $609.22 $0.00 $805.09 $143,803.71
238 $143,803.71 $609.22 $0.00 $813.09 $145,226.02
239 $145,226.02 $609.22 $0.00 $821.13 $146,656.37
240 $146,656.37 $609.22 $0.00 $829.22 $148,094.81
241 $148,094.81 $609.22 $78,744.57 $837.35 $70,796.81
242 $70,796.81 $609.22 $0.00 $400.30 $71,806.33
243 $71,806.33 $609.22 $0.00 $406.00 $72,821.55
244 $72,821.55 $609.22 $0.00 $411.74 $73,842.51
245 $73,842.51 $609.22 $0.00 $417.52 $74,869.25
246 $74,869.25 $609.22 $0.00 $423.32 $75,901.79
247 $75,901.79 $609.22 $0.00 $429.16 $76,940.17
248 $76,940.17 $609.22 $0.00 $435.03 $77,984.42
249 $77,984.42 $609.22 $0.00 $440.94 $79,034.58
250 $79,034.58 $609.22 $0.00 $446.87 $80,090.67
251 $80,090.67 $609.22 $0.00 $452.84 $81,152.73
252 $81,152.73 $609.22 $0.00 $458.85 $82,220.80
253 $82,220.80 $0.00 $82,681.80 $464.89 $3.89