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 2042$118,853
Monthly savings required$939

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 $475,412.47 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $939.32 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$31,680.00
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 $939.32 $0.00 $0.00 $939.32
2 $939.32 $939.32 $0.00 $5.31 $1,883.95
3 $1,883.95 $939.32 $0.00 $10.65 $2,833.92
4 $2,833.92 $939.32 $0.00 $16.02 $3,789.26
5 $3,789.26 $939.32 $0.00 $21.43 $4,750.01
6 $4,750.01 $939.32 $0.00 $26.86 $5,716.19
7 $5,716.19 $939.32 $0.00 $32.32 $6,687.83
8 $6,687.83 $939.32 $0.00 $37.81 $7,664.96
9 $7,664.96 $939.32 $0.00 $43.34 $8,647.62
10 $8,647.62 $939.32 $0.00 $48.89 $9,635.83
11 $9,635.83 $939.32 $0.00 $54.48 $10,629.63
12 $10,629.63 $939.32 $0.00 $60.10 $11,629.05
13 $11,629.05 $939.32 $0.00 $65.75 $12,634.12
14 $12,634.12 $939.32 $0.00 $71.44 $13,644.88
15 $13,644.88 $939.32 $0.00 $77.15 $14,661.35
16 $14,661.35 $939.32 $0.00 $82.90 $15,683.57
17 $15,683.57 $939.32 $0.00 $88.68 $16,711.57
18 $16,711.57 $939.32 $0.00 $94.49 $17,745.38
19 $17,745.38 $939.32 $0.00 $100.33 $18,785.03
20 $18,785.03 $939.32 $0.00 $106.21 $19,830.56
21 $19,830.56 $939.32 $0.00 $112.12 $20,882.00
22 $20,882.00 $939.32 $0.00 $118.07 $21,939.39
23 $21,939.39 $939.32 $0.00 $124.05 $23,002.76
24 $23,002.76 $939.32 $0.00 $130.06 $24,072.14
25 $24,072.14 $939.32 $0.00 $136.11 $25,147.57
26 $25,147.57 $939.32 $0.00 $142.19 $26,229.08
27 $26,229.08 $939.32 $0.00 $148.30 $27,316.70
28 $27,316.70 $939.32 $0.00 $154.45 $28,410.47
29 $28,410.47 $939.32 $0.00 $160.64 $29,510.43
30 $29,510.43 $939.32 $0.00 $166.86 $30,616.61
31 $30,616.61 $939.32 $0.00 $173.11 $31,729.04
32 $31,729.04 $939.32 $0.00 $179.40 $32,847.76
33 $32,847.76 $939.32 $0.00 $185.73 $33,972.81
34 $33,972.81 $939.32 $0.00 $192.09 $35,104.22
35 $35,104.22 $939.32 $0.00 $198.48 $36,242.02
36 $36,242.02 $939.32 $0.00 $204.92 $37,386.26
37 $37,386.26 $939.32 $0.00 $211.39 $38,536.97
38 $38,536.97 $939.32 $0.00 $217.89 $39,694.18
39 $39,694.18 $939.32 $0.00 $224.44 $40,857.94
40 $40,857.94 $939.32 $0.00 $231.02 $42,028.28
41 $42,028.28 $939.32 $0.00 $237.63 $43,205.23
42 $43,205.23 $939.32 $0.00 $244.29 $44,388.84
43 $44,388.84 $939.32 $0.00 $250.98 $45,579.14
44 $45,579.14 $939.32 $0.00 $257.71 $46,776.17
45 $46,776.17 $939.32 $0.00 $264.48 $47,979.97
46 $47,979.97 $939.32 $0.00 $271.29 $49,190.58
47 $49,190.58 $939.32 $0.00 $278.13 $50,408.03
48 $50,408.03 $939.32 $0.00 $285.01 $51,632.36
49 $51,632.36 $939.32 $0.00 $291.94 $52,863.62
50 $52,863.62 $939.32 $0.00 $298.90 $54,101.84
51 $54,101.84 $939.32 $0.00 $305.90 $55,347.06
52 $55,347.06 $939.32 $0.00 $312.94 $56,599.32
53 $56,599.32 $939.32 $0.00 $320.02 $57,858.66
54 $57,858.66 $939.32 $0.00 $327.14 $59,125.12
55 $59,125.12 $939.32 $0.00 $334.30 $60,398.74
56 $60,398.74 $939.32 $0.00 $341.50 $61,679.56
57 $61,679.56 $939.32 $0.00 $348.75 $62,967.63
58 $62,967.63 $939.32 $0.00 $356.03 $64,262.98
59 $64,262.98 $939.32 $0.00 $363.35 $65,565.65
60 $65,565.65 $939.32 $0.00 $370.72 $66,875.69
61 $66,875.69 $939.32 $0.00 $378.12 $68,193.13
62 $68,193.13 $939.32 $0.00 $385.57 $69,518.02
63 $69,518.02 $939.32 $0.00 $393.06 $70,850.40
64 $70,850.40 $939.32 $0.00 $400.60 $72,190.32
65 $72,190.32 $939.32 $0.00 $408.17 $73,537.81
66 $73,537.81 $939.32 $0.00 $415.79 $74,892.92
67 $74,892.92 $939.32 $0.00 $423.46 $76,255.70
68 $76,255.70 $939.32 $0.00 $431.16 $77,626.18
69 $77,626.18 $939.32 $0.00 $438.91 $79,004.41
70 $79,004.41 $939.32 $0.00 $446.70 $80,390.43
71 $80,390.43 $939.32 $0.00 $454.54 $81,784.29
72 $81,784.29 $939.32 $0.00 $462.42 $83,186.03
73 $83,186.03 $939.32 $0.00 $470.35 $84,595.70
74 $84,595.70 $939.32 $0.00 $478.32 $86,013.34
75 $86,013.34 $939.32 $0.00 $486.33 $87,438.99
76 $87,438.99 $939.32 $0.00 $494.39 $88,872.70
77 $88,872.70 $939.32 $0.00 $502.50 $90,314.52
78 $90,314.52 $939.32 $0.00 $510.65 $91,764.49
79 $91,764.49 $939.32 $0.00 $518.85 $93,222.66
80 $93,222.66 $939.32 $0.00 $527.09 $94,689.07
81 $94,689.07 $939.32 $0.00 $535.39 $96,163.78
82 $96,163.78 $939.32 $0.00 $543.72 $97,646.82
83 $97,646.82 $939.32 $0.00 $552.11 $99,138.25
84 $99,138.25 $939.32 $0.00 $560.54 $100,638.11
85 $100,638.11 $939.32 $0.00 $569.02 $102,146.45
86 $102,146.45 $939.32 $0.00 $577.55 $103,663.32
87 $103,663.32 $939.32 $0.00 $586.13 $105,188.77
88 $105,188.77 $939.32 $0.00 $594.75 $106,722.84
89 $106,722.84 $939.32 $0.00 $603.43 $108,265.59
90 $108,265.59 $939.32 $0.00 $612.15 $109,817.06
91 $109,817.06 $939.32 $0.00 $620.92 $111,377.30
92 $111,377.30 $939.32 $0.00 $629.74 $112,946.36
93 $112,946.36 $939.32 $0.00 $638.62 $114,524.30
94 $114,524.30 $939.32 $0.00 $647.54 $116,111.16
95 $116,111.16 $939.32 $0.00 $656.51 $117,706.99
96 $117,706.99 $939.32 $0.00 $665.53 $119,311.84
97 $119,311.84 $939.32 $0.00 $674.61 $120,925.77
98 $120,925.77 $939.32 $0.00 $683.73 $122,548.82
99 $122,548.82 $939.32 $0.00 $692.91 $124,181.05
100 $124,181.05 $939.32 $0.00 $702.14 $125,822.51
101 $125,822.51 $939.32 $0.00 $711.42 $127,473.25
102 $127,473.25 $939.32 $0.00 $720.75 $129,133.32
103 $129,133.32 $939.32 $0.00 $730.14 $130,802.78
104 $130,802.78 $939.32 $0.00 $739.58 $132,481.68
105 $132,481.68 $939.32 $0.00 $749.07 $134,170.07
106 $134,170.07 $939.32 $0.00 $758.62 $135,868.01
107 $135,868.01 $939.32 $0.00 $768.22 $137,575.55
108 $137,575.55 $939.32 $0.00 $777.87 $139,292.74
109 $139,292.74 $939.32 $0.00 $787.58 $141,019.64
110 $141,019.64 $939.32 $0.00 $797.35 $142,756.31
111 $142,756.31 $939.32 $0.00 $807.16 $144,502.79
112 $144,502.79 $939.32 $0.00 $817.04 $146,259.15
113 $146,259.15 $939.32 $0.00 $826.97 $148,025.44
114 $148,025.44 $939.32 $0.00 $836.96 $149,801.72
115 $149,801.72 $939.32 $0.00 $847.00 $151,588.04
116 $151,588.04 $939.32 $0.00 $857.10 $153,384.46
117 $153,384.46 $939.32 $0.00 $867.26 $155,191.04
118 $155,191.04 $939.32 $0.00 $877.47 $157,007.83
119 $157,007.83 $939.32 $0.00 $887.75 $158,834.90
120 $158,834.90 $939.32 $0.00 $898.08 $160,672.30
121 $160,672.30 $939.32 $0.00 $908.46 $162,520.08
122 $162,520.08 $939.32 $0.00 $918.91 $164,378.31
123 $164,378.31 $939.32 $0.00 $929.42 $166,247.05
124 $166,247.05 $939.32 $0.00 $939.98 $168,126.35
125 $168,126.35 $939.32 $0.00 $950.61 $170,016.28
126 $170,016.28 $939.32 $0.00 $961.30 $171,916.90
127 $171,916.90 $939.32 $0.00 $972.04 $173,828.26
128 $173,828.26 $939.32 $0.00 $982.85 $175,750.43
129 $175,750.43 $939.32 $0.00 $993.72 $177,683.47
130 $177,683.47 $939.32 $0.00 $1,004.65 $179,627.44
131 $179,627.44 $939.32 $0.00 $1,015.64 $181,582.40
132 $181,582.40 $939.32 $0.00 $1,026.69 $183,548.41
133 $183,548.41 $939.32 $0.00 $1,037.81 $185,525.54
134 $185,525.54 $939.32 $0.00 $1,048.99 $187,513.85
135 $187,513.85 $939.32 $0.00 $1,060.23 $189,513.40
136 $189,513.40 $939.32 $0.00 $1,071.54 $191,524.26
137 $191,524.26 $939.32 $0.00 $1,082.91 $193,546.49
138 $193,546.49 $939.32 $0.00 $1,094.34 $195,580.15
139 $195,580.15 $939.32 $0.00 $1,105.84 $197,625.31
140 $197,625.31 $939.32 $0.00 $1,117.40 $199,682.03
141 $199,682.03 $939.32 $0.00 $1,129.03 $201,750.38
142 $201,750.38 $939.32 $0.00 $1,140.73 $203,830.43
143 $203,830.43 $939.32 $0.00 $1,152.49 $205,922.24
144 $205,922.24 $939.32 $0.00 $1,164.31 $208,025.87
145 $208,025.87 $939.32 $0.00 $1,176.21 $210,141.40
146 $210,141.40 $939.32 $0.00 $1,188.17 $212,268.89
147 $212,268.89 $939.32 $0.00 $1,200.20 $214,408.41
148 $214,408.41 $939.32 $0.00 $1,212.30 $216,560.03
149 $216,560.03 $939.32 $0.00 $1,224.46 $218,723.81
150 $218,723.81 $939.32 $0.00 $1,236.70 $220,899.83
151 $220,899.83 $939.32 $0.00 $1,249.00 $223,088.15
152 $223,088.15 $939.32 $0.00 $1,261.37 $225,288.84
153 $225,288.84 $939.32 $0.00 $1,273.82 $227,501.98
154 $227,501.98 $939.32 $0.00 $1,286.33 $229,727.63
155 $229,727.63 $939.32 $0.00 $1,298.91 $231,965.86
156 $231,965.86 $939.32 $0.00 $1,311.57 $234,216.75
157 $234,216.75 $939.32 $0.00 $1,324.30 $236,480.37
158 $236,480.37 $939.32 $0.00 $1,337.09 $238,756.78
159 $238,756.78 $939.32 $0.00 $1,349.97 $241,046.07
160 $241,046.07 $939.32 $0.00 $1,362.91 $243,348.30
161 $243,348.30 $939.32 $0.00 $1,375.93 $245,663.55
162 $245,663.55 $939.32 $0.00 $1,389.02 $247,991.89
163 $247,991.89 $939.32 $0.00 $1,402.18 $250,333.39
164 $250,333.39 $939.32 $0.00 $1,415.42 $252,688.13
165 $252,688.13 $939.32 $0.00 $1,428.74 $255,056.19
166 $255,056.19 $939.32 $0.00 $1,442.12 $257,437.63
167 $257,437.63 $939.32 $0.00 $1,455.59 $259,832.54
168 $259,832.54 $939.32 $0.00 $1,469.13 $262,240.99
169 $262,240.99 $939.32 $0.00 $1,482.75 $264,663.06
170 $264,663.06 $939.32 $0.00 $1,496.44 $267,098.82
171 $267,098.82 $939.32 $0.00 $1,510.22 $269,548.36
172 $269,548.36 $939.32 $0.00 $1,524.07 $272,011.75
173 $272,011.75 $939.32 $0.00 $1,537.99 $274,489.06
174 $274,489.06 $939.32 $0.00 $1,552.00 $276,980.38
175 $276,980.38 $939.32 $0.00 $1,566.09 $279,485.79
176 $279,485.79 $939.32 $0.00 $1,580.25 $282,005.36
177 $282,005.36 $939.32 $0.00 $1,594.50 $284,539.18
178 $284,539.18 $939.32 $0.00 $1,608.83 $287,087.33
179 $287,087.33 $939.32 $0.00 $1,623.23 $289,649.88
180 $289,649.88 $939.32 $0.00 $1,637.72 $292,226.92
181 $292,226.92 $939.32 $0.00 $1,652.29 $294,818.53
182 $294,818.53 $939.32 $0.00 $1,666.95 $297,424.80
183 $297,424.80 $939.32 $0.00 $1,681.68 $300,045.80
184 $300,045.80 $939.32 $0.00 $1,696.50 $302,681.62
185 $302,681.62 $939.32 $0.00 $1,711.41 $305,332.35
186 $305,332.35 $939.32 $0.00 $1,726.39 $307,998.06
187 $307,998.06 $939.32 $0.00 $1,741.47 $310,678.85
188 $310,678.85 $939.32 $0.00 $1,756.62 $313,374.79
189 $313,374.79 $939.32 $0.00 $1,771.87 $316,085.98
190 $316,085.98 $939.32 $0.00 $1,787.20 $318,812.50
191 $318,812.50 $939.32 $0.00 $1,802.61 $321,554.43
192 $321,554.43 $939.32 $0.00 $1,818.12 $324,311.87
193 $324,311.87 $939.32 $0.00 $1,833.71 $327,084.90
194 $327,084.90 $939.32 $0.00 $1,849.39 $329,873.61
195 $329,873.61 $939.32 $0.00 $1,865.15 $332,678.08
196 $332,678.08 $939.32 $0.00 $1,881.01 $335,498.41
197 $335,498.41 $939.32 $0.00 $1,896.96 $338,334.69
198 $338,334.69 $939.32 $0.00 $1,912.99 $341,187.00
199 $341,187.00 $939.32 $0.00 $1,929.12 $344,055.44
200 $344,055.44 $939.32 $0.00 $1,945.34 $346,940.10
201 $346,940.10 $939.32 $0.00 $1,961.65 $349,841.07
202 $349,841.07 $939.32 $0.00 $1,978.05 $352,758.44
203 $352,758.44 $939.32 $0.00 $1,994.55 $355,692.31
204 $355,692.31 $939.32 $0.00 $2,011.14 $358,642.77
205 $358,642.77 $939.32 $0.00 $2,027.82 $361,609.91
206 $361,609.91 $939.32 $0.00 $2,044.60 $364,593.83
207 $364,593.83 $939.32 $0.00 $2,061.47 $367,594.62
208 $367,594.62 $939.32 $0.00 $2,078.43 $370,612.37
209 $370,612.37 $939.32 $0.00 $2,095.50 $373,647.19
210 $373,647.19 $939.32 $0.00 $2,112.66 $376,699.17
211 $376,699.17 $939.32 $0.00 $2,129.91 $379,768.40
212 $379,768.40 $939.32 $0.00 $2,147.27 $382,854.99
213 $382,854.99 $939.32 $0.00 $2,164.72 $385,959.03
214 $385,959.03 $939.32 $0.00 $2,182.27 $389,080.62
215 $389,080.62 $939.32 $0.00 $2,199.92 $392,219.86
216 $392,219.86 $939.32 $0.00 $2,217.67 $395,376.85
217 $395,376.85 $939.32 $107,076.25 $2,235.52 $291,475.44
218 $291,475.44 $939.32 $0.00 $1,648.04 $294,062.80
219 $294,062.80 $939.32 $0.00 $1,662.67 $296,664.79
220 $296,664.79 $939.32 $0.00 $1,677.39 $299,281.50
221 $299,281.50 $939.32 $0.00 $1,692.18 $301,913.00
222 $301,913.00 $939.32 $0.00 $1,707.06 $304,559.38
223 $304,559.38 $939.32 $0.00 $1,722.02 $307,220.72
224 $307,220.72 $939.32 $0.00 $1,737.07 $309,897.11
225 $309,897.11 $939.32 $0.00 $1,752.20 $312,588.63
226 $312,588.63 $939.32 $0.00 $1,767.42 $315,295.37
227 $315,295.37 $939.32 $0.00 $1,782.73 $318,017.42
228 $318,017.42 $939.32 $0.00 $1,798.12 $320,754.86
229 $320,754.86 $939.32 $114,571.59 $1,813.59 $208,936.18
230 $208,936.18 $939.32 $0.00 $1,181.36 $211,056.86
231 $211,056.86 $939.32 $0.00 $1,193.35 $213,189.53
232 $213,189.53 $939.32 $0.00 $1,205.40 $215,334.25
233 $215,334.25 $939.32 $0.00 $1,217.53 $217,491.10
234 $217,491.10 $939.32 $0.00 $1,229.73 $219,660.15
235 $219,660.15 $939.32 $0.00 $1,241.99 $221,841.46
236 $221,841.46 $939.32 $0.00 $1,254.32 $224,035.10
237 $224,035.10 $939.32 $0.00 $1,266.73 $226,241.15
238 $226,241.15 $939.32 $0.00 $1,279.20 $228,459.67
239 $228,459.67 $939.32 $0.00 $1,291.74 $230,690.73
240 $230,690.73 $939.32 $0.00 $1,304.36 $232,934.41
241 $232,934.41 $939.32 $122,591.60 $1,317.05 $112,599.18
242 $112,599.18 $939.32 $0.00 $636.65 $114,175.15
243 $114,175.15 $939.32 $0.00 $645.56 $115,760.03
244 $115,760.03 $939.32 $0.00 $654.52 $117,353.87
245 $117,353.87 $939.32 $0.00 $663.54 $118,956.73
246 $118,956.73 $939.32 $0.00 $672.60 $120,568.65
247 $120,568.65 $939.32 $0.00 $681.71 $122,189.68
248 $122,189.68 $939.32 $0.00 $690.88 $123,819.88
249 $123,819.88 $939.32 $0.00 $700.10 $125,459.30
250 $125,459.30 $939.32 $0.00 $709.37 $127,107.99
251 $127,107.99 $939.32 $0.00 $718.69 $128,766.00
252 $128,766.00 $939.32 $0.00 $728.06 $130,433.38
253 $130,433.38 $0.00 $131,173.02 $737.49 -$2.15