Savings Plan and Future Cost Estimation for Western 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$62,061
Monthly savings required$491

How much will it cost to send your child to Western Kentucky University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $248,242.56 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $491.26 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$23,932.00
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 $491.26 $0.00 $0.00 $491.26
2 $491.26 $491.26 $0.00 $2.78 $985.30
3 $985.30 $491.26 $0.00 $5.57 $1,482.13
4 $1,482.13 $491.26 $0.00 $8.38 $1,981.77
5 $1,981.77 $491.26 $0.00 $11.21 $2,484.24
6 $2,484.24 $491.26 $0.00 $14.05 $2,989.55
7 $2,989.55 $491.26 $0.00 $16.90 $3,497.71
8 $3,497.71 $491.26 $0.00 $19.78 $4,008.75
9 $4,008.75 $491.26 $0.00 $22.67 $4,522.68
10 $4,522.68 $491.26 $0.00 $25.57 $5,039.51
11 $5,039.51 $491.26 $0.00 $28.49 $5,559.26
12 $5,559.26 $491.26 $0.00 $31.43 $6,081.95
13 $6,081.95 $491.26 $0.00 $34.39 $6,607.60
14 $6,607.60 $491.26 $0.00 $37.36 $7,136.22
15 $7,136.22 $491.26 $0.00 $40.35 $7,667.83
16 $7,667.83 $491.26 $0.00 $43.36 $8,202.45
17 $8,202.45 $491.26 $0.00 $46.38 $8,740.09
18 $8,740.09 $491.26 $0.00 $49.42 $9,280.77
19 $9,280.77 $491.26 $0.00 $52.47 $9,824.50
20 $9,824.50 $491.26 $0.00 $55.55 $10,371.31
21 $10,371.31 $491.26 $0.00 $58.64 $10,921.21
22 $10,921.21 $491.26 $0.00 $61.75 $11,474.22
23 $11,474.22 $491.26 $0.00 $64.88 $12,030.36
24 $12,030.36 $491.26 $0.00 $68.02 $12,589.64
25 $12,589.64 $491.26 $0.00 $71.18 $13,152.08
26 $13,152.08 $491.26 $0.00 $74.36 $13,717.70
27 $13,717.70 $491.26 $0.00 $77.56 $14,286.52
28 $14,286.52 $491.26 $0.00 $80.78 $14,858.56
29 $14,858.56 $491.26 $0.00 $84.01 $15,433.83
30 $15,433.83 $491.26 $0.00 $87.27 $16,012.36
31 $16,012.36 $491.26 $0.00 $90.54 $16,594.16
32 $16,594.16 $491.26 $0.00 $93.83 $17,179.25
33 $17,179.25 $491.26 $0.00 $97.13 $17,767.64
34 $17,767.64 $491.26 $0.00 $100.46 $18,359.36
35 $18,359.36 $491.26 $0.00 $103.81 $18,954.43
36 $18,954.43 $491.26 $0.00 $107.17 $19,552.86
37 $19,552.86 $491.26 $0.00 $110.55 $20,154.67
38 $20,154.67 $491.26 $0.00 $113.96 $20,759.89
39 $20,759.89 $491.26 $0.00 $117.38 $21,368.53
40 $21,368.53 $491.26 $0.00 $120.82 $21,980.61
41 $21,980.61 $491.26 $0.00 $124.28 $22,596.15
42 $22,596.15 $491.26 $0.00 $127.76 $23,215.17
43 $23,215.17 $491.26 $0.00 $131.26 $23,837.69
44 $23,837.69 $491.26 $0.00 $134.78 $24,463.73
45 $24,463.73 $491.26 $0.00 $138.32 $25,093.31
46 $25,093.31 $491.26 $0.00 $141.88 $25,726.45
47 $25,726.45 $491.26 $0.00 $145.46 $26,363.17
48 $26,363.17 $491.26 $0.00 $149.06 $27,003.49
49 $27,003.49 $491.26 $0.00 $152.68 $27,647.43
50 $27,647.43 $491.26 $0.00 $156.32 $28,295.01
51 $28,295.01 $491.26 $0.00 $159.98 $28,946.25
52 $28,946.25 $491.26 $0.00 $163.67 $29,601.18
53 $29,601.18 $491.26 $0.00 $167.37 $30,259.81
54 $30,259.81 $491.26 $0.00 $171.09 $30,922.16
55 $30,922.16 $491.26 $0.00 $174.84 $31,588.26
56 $31,588.26 $491.26 $0.00 $178.60 $32,258.12
57 $32,258.12 $491.26 $0.00 $182.39 $32,931.77
58 $32,931.77 $491.26 $0.00 $186.20 $33,609.23
59 $33,609.23 $491.26 $0.00 $190.03 $34,290.52
60 $34,290.52 $491.26 $0.00 $193.88 $34,975.66
61 $34,975.66 $491.26 $0.00 $197.76 $35,664.68
62 $35,664.68 $491.26 $0.00 $201.65 $36,357.59
63 $36,357.59 $491.26 $0.00 $205.57 $37,054.42
64 $37,054.42 $491.26 $0.00 $209.51 $37,755.19
65 $37,755.19 $491.26 $0.00 $213.47 $38,459.92
66 $38,459.92 $491.26 $0.00 $217.46 $39,168.64
67 $39,168.64 $491.26 $0.00 $221.47 $39,881.37
68 $39,881.37 $491.26 $0.00 $225.50 $40,598.13
69 $40,598.13 $491.26 $0.00 $229.55 $41,318.94
70 $41,318.94 $491.26 $0.00 $233.62 $42,043.82
71 $42,043.82 $491.26 $0.00 $237.72 $42,772.80
72 $42,772.80 $491.26 $0.00 $241.84 $43,505.90
73 $43,505.90 $491.26 $0.00 $245.99 $44,243.15
74 $44,243.15 $491.26 $0.00 $250.16 $44,984.57
75 $44,984.57 $491.26 $0.00 $254.35 $45,730.18
76 $45,730.18 $491.26 $0.00 $258.57 $46,480.01
77 $46,480.01 $491.26 $0.00 $262.80 $47,234.07
78 $47,234.07 $491.26 $0.00 $267.07 $47,992.40
79 $47,992.40 $491.26 $0.00 $271.36 $48,755.02
80 $48,755.02 $491.26 $0.00 $275.67 $49,521.95
81 $49,521.95 $491.26 $0.00 $280.00 $50,293.21
82 $50,293.21 $491.26 $0.00 $284.37 $51,068.84
83 $51,068.84 $491.26 $0.00 $288.75 $51,848.85
84 $51,848.85 $491.26 $0.00 $293.16 $52,633.27
85 $52,633.27 $491.26 $0.00 $297.60 $53,422.13
86 $53,422.13 $491.26 $0.00 $302.06 $54,215.45
87 $54,215.45 $491.26 $0.00 $306.54 $55,013.25
88 $55,013.25 $491.26 $0.00 $311.05 $55,815.56
89 $55,815.56 $491.26 $0.00 $315.59 $56,622.41
90 $56,622.41 $491.26 $0.00 $320.15 $57,433.82
91 $57,433.82 $491.26 $0.00 $324.74 $58,249.82
92 $58,249.82 $491.26 $0.00 $329.35 $59,070.43
93 $59,070.43 $491.26 $0.00 $333.99 $59,895.68
94 $59,895.68 $491.26 $0.00 $338.66 $60,725.60
95 $60,725.60 $491.26 $0.00 $343.35 $61,560.21
96 $61,560.21 $491.26 $0.00 $348.07 $62,399.54
97 $62,399.54 $491.26 $0.00 $352.82 $63,243.62
98 $63,243.62 $491.26 $0.00 $357.59 $64,092.47
99 $64,092.47 $491.26 $0.00 $362.39 $64,946.12
100 $64,946.12 $491.26 $0.00 $367.21 $65,804.59
101 $65,804.59 $491.26 $0.00 $372.07 $66,667.92
102 $66,667.92 $491.26 $0.00 $376.95 $67,536.13
103 $67,536.13 $491.26 $0.00 $381.86 $68,409.25
104 $68,409.25 $491.26 $0.00 $386.80 $69,287.31
105 $69,287.31 $491.26 $0.00 $391.76 $70,170.33
106 $70,170.33 $491.26 $0.00 $396.75 $71,058.34
107 $71,058.34 $491.26 $0.00 $401.77 $71,951.37
108 $71,951.37 $491.26 $0.00 $406.82 $72,849.45
109 $72,849.45 $491.26 $0.00 $411.90 $73,752.61
110 $73,752.61 $491.26 $0.00 $417.01 $74,660.88
111 $74,660.88 $491.26 $0.00 $422.14 $75,574.28
112 $75,574.28 $491.26 $0.00 $427.31 $76,492.85
113 $76,492.85 $491.26 $0.00 $432.50 $77,416.61
114 $77,416.61 $491.26 $0.00 $437.72 $78,345.59
115 $78,345.59 $491.26 $0.00 $442.98 $79,279.83
116 $79,279.83 $491.26 $0.00 $448.26 $80,219.35
117 $80,219.35 $491.26 $0.00 $453.57 $81,164.18
118 $81,164.18 $491.26 $0.00 $458.91 $82,114.35
119 $82,114.35 $491.26 $0.00 $464.29 $83,069.90
120 $83,069.90 $491.26 $0.00 $469.69 $84,030.85
121 $84,030.85 $491.26 $0.00 $475.12 $84,997.23
122 $84,997.23 $491.26 $0.00 $480.59 $85,969.08
123 $85,969.08 $491.26 $0.00 $486.08 $86,946.42
124 $86,946.42 $491.26 $0.00 $491.61 $87,929.29
125 $87,929.29 $491.26 $0.00 $497.16 $88,917.71
126 $88,917.71 $491.26 $0.00 $502.75 $89,911.72
127 $89,911.72 $491.26 $0.00 $508.37 $90,911.35
128 $90,911.35 $491.26 $0.00 $514.03 $91,916.64
129 $91,916.64 $491.26 $0.00 $519.71 $92,927.61
130 $92,927.61 $491.26 $0.00 $525.43 $93,944.30
131 $93,944.30 $491.26 $0.00 $531.17 $94,966.73
132 $94,966.73 $491.26 $0.00 $536.96 $95,994.95
133 $95,994.95 $491.26 $0.00 $542.77 $97,028.98
134 $97,028.98 $491.26 $0.00 $548.62 $98,068.86
135 $98,068.86 $491.26 $0.00 $554.50 $99,114.62
136 $99,114.62 $491.26 $0.00 $560.41 $100,166.29
137 $100,166.29 $491.26 $0.00 $566.35 $101,223.90
138 $101,223.90 $491.26 $0.00 $572.33 $102,287.49
139 $102,287.49 $491.26 $0.00 $578.35 $103,357.10
140 $103,357.10 $491.26 $0.00 $584.40 $104,432.76
141 $104,432.76 $491.26 $0.00 $590.48 $105,514.50
142 $105,514.50 $491.26 $0.00 $596.59 $106,602.35
143 $106,602.35 $491.26 $0.00 $602.75 $107,696.36
144 $107,696.36 $491.26 $0.00 $608.93 $108,796.55
145 $108,796.55 $491.26 $0.00 $615.15 $109,902.96
146 $109,902.96 $491.26 $0.00 $621.41 $111,015.63
147 $111,015.63 $491.26 $0.00 $627.70 $112,134.59
148 $112,134.59 $491.26 $0.00 $634.03 $113,259.88
149 $113,259.88 $491.26 $0.00 $640.39 $114,391.53
150 $114,391.53 $491.26 $0.00 $646.79 $115,529.58
151 $115,529.58 $491.26 $0.00 $653.22 $116,674.06
152 $116,674.06 $491.26 $0.00 $659.69 $117,825.01
153 $117,825.01 $491.26 $0.00 $666.20 $118,982.47
154 $118,982.47 $491.26 $0.00 $672.74 $120,146.47
155 $120,146.47 $491.26 $0.00 $679.33 $121,317.06
156 $121,317.06 $491.26 $0.00 $685.94 $122,494.26
157 $122,494.26 $491.26 $0.00 $692.60 $123,678.12
158 $123,678.12 $491.26 $0.00 $699.29 $124,868.67
159 $124,868.67 $491.26 $0.00 $706.03 $126,065.96
160 $126,065.96 $491.26 $0.00 $712.80 $127,270.02
161 $127,270.02 $491.26 $0.00 $719.60 $128,480.88
162 $128,480.88 $491.26 $0.00 $726.45 $129,698.59
163 $129,698.59 $491.26 $0.00 $733.33 $130,923.18
164 $130,923.18 $491.26 $0.00 $740.26 $132,154.70
165 $132,154.70 $491.26 $0.00 $747.22 $133,393.18
166 $133,393.18 $491.26 $0.00 $754.22 $134,638.66
167 $134,638.66 $491.26 $0.00 $761.27 $135,891.19
168 $135,891.19 $491.26 $0.00 $768.35 $137,150.80
169 $137,150.80 $491.26 $0.00 $775.47 $138,417.53
170 $138,417.53 $491.26 $0.00 $782.63 $139,691.42
171 $139,691.42 $491.26 $0.00 $789.84 $140,972.52
172 $140,972.52 $491.26 $0.00 $797.08 $142,260.86
173 $142,260.86 $491.26 $0.00 $804.36 $143,556.48
174 $143,556.48 $491.26 $0.00 $811.69 $144,859.43
175 $144,859.43 $491.26 $0.00 $819.06 $146,169.75
176 $146,169.75 $491.26 $0.00 $826.47 $147,487.48
177 $147,487.48 $491.26 $0.00 $833.92 $148,812.66
178 $148,812.66 $491.26 $0.00 $841.41 $150,145.33
179 $150,145.33 $491.26 $0.00 $848.94 $151,485.53
180 $151,485.53 $491.26 $0.00 $856.52 $152,833.31
181 $152,833.31 $491.26 $0.00 $864.14 $154,188.71
182 $154,188.71 $491.26 $0.00 $871.81 $155,551.78
183 $155,551.78 $491.26 $0.00 $879.51 $156,922.55
184 $156,922.55 $491.26 $0.00 $887.26 $158,301.07
185 $158,301.07 $491.26 $0.00 $895.06 $159,687.39
186 $159,687.39 $491.26 $0.00 $902.90 $161,081.55
187 $161,081.55 $491.26 $0.00 $910.78 $162,483.59
188 $162,483.59 $491.26 $0.00 $918.71 $163,893.56
189 $163,893.56 $491.26 $0.00 $926.68 $165,311.50
190 $165,311.50 $491.26 $0.00 $934.70 $166,737.46
191 $166,737.46 $491.26 $0.00 $942.76 $168,171.48
192 $168,171.48 $491.26 $0.00 $950.87 $169,613.61
193 $169,613.61 $491.26 $0.00 $959.02 $171,063.89
194 $171,063.89 $491.26 $0.00 $967.22 $172,522.37
195 $172,522.37 $491.26 $0.00 $975.47 $173,989.10
196 $173,989.10 $491.26 $0.00 $983.76 $175,464.12
197 $175,464.12 $491.26 $0.00 $992.10 $176,947.48
198 $176,947.48 $491.26 $0.00 $1,000.49 $178,439.23
199 $178,439.23 $491.26 $0.00 $1,008.92 $179,939.41
200 $179,939.41 $491.26 $0.00 $1,017.40 $181,448.07
201 $181,448.07 $491.26 $0.00 $1,025.93 $182,965.26
202 $182,965.26 $491.26 $0.00 $1,034.51 $184,491.03
203 $184,491.03 $491.26 $0.00 $1,043.14 $186,025.43
204 $186,025.43 $491.26 $0.00 $1,051.81 $187,568.50
205 $187,568.50 $491.26 $0.00 $1,060.54 $189,120.30
206 $189,120.30 $491.26 $0.00 $1,069.31 $190,680.87
207 $190,680.87 $491.26 $0.00 $1,078.14 $192,250.27
208 $192,250.27 $491.26 $0.00 $1,087.01 $193,828.54
209 $193,828.54 $491.26 $0.00 $1,095.93 $195,415.73
210 $195,415.73 $491.26 $0.00 $1,104.91 $197,011.90
211 $197,011.90 $491.26 $0.00 $1,113.93 $198,617.09
212 $198,617.09 $491.26 $0.00 $1,123.01 $200,231.36
213 $200,231.36 $491.26 $0.00 $1,132.14 $201,854.76
214 $201,854.76 $491.26 $0.00 $1,141.32 $203,487.34
215 $203,487.34 $491.26 $0.00 $1,150.55 $205,129.15
216 $205,129.15 $491.26 $0.00 $1,159.83 $206,780.24
217 $206,780.24 $491.26 $57,595.21 $1,169.17 $150,845.46
218 $150,845.46 $491.26 $0.00 $852.90 $152,189.62
219 $152,189.62 $491.26 $0.00 $860.50 $153,541.38
220 $153,541.38 $491.26 $0.00 $868.15 $154,900.79
221 $154,900.79 $491.26 $0.00 $875.83 $156,267.88
222 $156,267.88 $491.26 $0.00 $883.56 $157,642.70
223 $157,642.70 $491.26 $0.00 $891.33 $159,025.29
224 $159,025.29 $491.26 $0.00 $899.15 $160,415.70
225 $160,415.70 $491.26 $0.00 $907.01 $161,813.97
226 $161,813.97 $491.26 $0.00 $914.92 $163,220.15
227 $163,220.15 $491.26 $0.00 $922.87 $164,634.28
228 $164,634.28 $491.26 $0.00 $930.87 $166,056.41
229 $166,056.41 $491.26 $60,474.97 $938.91 $107,011.61
230 $107,011.61 $491.26 $0.00 $605.06 $108,107.93
231 $108,107.93 $491.26 $0.00 $611.26 $109,210.45
232 $109,210.45 $491.26 $0.00 $617.49 $110,319.20
233 $110,319.20 $491.26 $0.00 $623.76 $111,434.22
234 $111,434.22 $491.26 $0.00 $630.07 $112,555.55
235 $112,555.55 $491.26 $0.00 $636.41 $113,683.22
236 $113,683.22 $491.26 $0.00 $642.78 $114,817.26
237 $114,817.26 $491.26 $0.00 $649.19 $115,957.71
238 $115,957.71 $491.26 $0.00 $655.64 $117,104.61
239 $117,104.61 $491.26 $0.00 $662.13 $118,258.00
240 $118,258.00 $491.26 $0.00 $668.65 $119,417.91
241 $119,417.91 $491.26 $63,498.72 $675.21 $57,085.66
242 $57,085.66 $491.26 $0.00 $322.77 $57,899.69
243 $57,899.69 $491.26 $0.00 $327.37 $58,718.32
244 $58,718.32 $491.26 $0.00 $332.00 $59,541.58
245 $59,541.58 $491.26 $0.00 $336.66 $60,369.50
246 $60,369.50 $491.26 $0.00 $341.34 $61,202.10
247 $61,202.10 $491.26 $0.00 $346.05 $62,039.41
248 $62,039.41 $491.26 $0.00 $350.78 $62,881.45
249 $62,881.45 $491.26 $0.00 $355.54 $63,728.25
250 $63,728.25 $491.26 $0.00 $360.33 $64,579.84
251 $64,579.84 $491.26 $0.00 $365.14 $65,436.24
252 $65,436.24 $491.26 $0.00 $369.99 $66,297.49
253 $66,297.49 $0.00 $66,673.66 $374.86 ($1.31)