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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$55,821
Monthly savings required$442

How much will it cost to send your child to McNeese State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $223,285.53 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $441.86 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$21,526.00
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 $441.86 $0.00 $0.00 $441.86
2 $441.86 $441.86 $0.00 $2.50 $886.22
3 $886.22 $441.86 $0.00 $5.01 $1,333.09
4 $1,333.09 $441.86 $0.00 $7.54 $1,782.49
5 $1,782.49 $441.86 $0.00 $10.08 $2,234.43
6 $2,234.43 $441.86 $0.00 $12.63 $2,688.92
7 $2,688.92 $441.86 $0.00 $15.20 $3,145.98
8 $3,145.98 $441.86 $0.00 $17.79 $3,605.63
9 $3,605.63 $441.86 $0.00 $20.39 $4,067.88
10 $4,067.88 $441.86 $0.00 $23.00 $4,532.74
11 $4,532.74 $441.86 $0.00 $25.63 $5,000.23
12 $5,000.23 $441.86 $0.00 $28.27 $5,470.36
13 $5,470.36 $441.86 $0.00 $30.93 $5,943.15
14 $5,943.15 $441.86 $0.00 $33.60 $6,418.61
15 $6,418.61 $441.86 $0.00 $36.29 $6,896.76
16 $6,896.76 $441.86 $0.00 $39.00 $7,377.62
17 $7,377.62 $441.86 $0.00 $41.71 $7,861.19
18 $7,861.19 $441.86 $0.00 $44.45 $8,347.50
19 $8,347.50 $441.86 $0.00 $47.20 $8,836.56
20 $8,836.56 $441.86 $0.00 $49.96 $9,328.38
21 $9,328.38 $441.86 $0.00 $52.74 $9,822.98
22 $9,822.98 $441.86 $0.00 $55.54 $10,320.38
23 $10,320.38 $441.86 $0.00 $58.35 $10,820.59
24 $10,820.59 $441.86 $0.00 $61.18 $11,323.63
25 $11,323.63 $441.86 $0.00 $64.03 $11,829.52
26 $11,829.52 $441.86 $0.00 $66.89 $12,338.27
27 $12,338.27 $441.86 $0.00 $69.76 $12,849.89
28 $12,849.89 $441.86 $0.00 $72.66 $13,364.41
29 $13,364.41 $441.86 $0.00 $75.56 $13,881.83
30 $13,881.83 $441.86 $0.00 $78.49 $14,402.18
31 $14,402.18 $441.86 $0.00 $81.43 $14,925.47
32 $14,925.47 $441.86 $0.00 $84.39 $15,451.72
33 $15,451.72 $441.86 $0.00 $87.37 $15,980.95
34 $15,980.95 $441.86 $0.00 $90.36 $16,513.17
35 $16,513.17 $441.86 $0.00 $93.37 $17,048.40
36 $17,048.40 $441.86 $0.00 $96.39 $17,586.65
37 $17,586.65 $441.86 $0.00 $99.44 $18,127.95
38 $18,127.95 $441.86 $0.00 $102.50 $18,672.31
39 $18,672.31 $441.86 $0.00 $105.58 $19,219.75
40 $19,219.75 $441.86 $0.00 $108.67 $19,770.28
41 $19,770.28 $441.86 $0.00 $111.78 $20,323.92
42 $20,323.92 $441.86 $0.00 $114.91 $20,880.69
43 $20,880.69 $441.86 $0.00 $118.06 $21,440.61
44 $21,440.61 $441.86 $0.00 $121.23 $22,003.70
45 $22,003.70 $441.86 $0.00 $124.41 $22,569.97
46 $22,569.97 $441.86 $0.00 $127.61 $23,139.44
47 $23,139.44 $441.86 $0.00 $130.83 $23,712.13
48 $23,712.13 $441.86 $0.00 $134.07 $24,288.06
49 $24,288.06 $441.86 $0.00 $137.33 $24,867.25
50 $24,867.25 $441.86 $0.00 $140.60 $25,449.71
51 $25,449.71 $441.86 $0.00 $143.90 $26,035.47
52 $26,035.47 $441.86 $0.00 $147.21 $26,624.54
53 $26,624.54 $441.86 $0.00 $150.54 $27,216.94
54 $27,216.94 $441.86 $0.00 $153.89 $27,812.69
55 $27,812.69 $441.86 $0.00 $157.26 $28,411.81
56 $28,411.81 $441.86 $0.00 $160.64 $29,014.31
57 $29,014.31 $441.86 $0.00 $164.05 $29,620.22
58 $29,620.22 $441.86 $0.00 $167.48 $30,229.56
59 $30,229.56 $441.86 $0.00 $170.92 $30,842.34
60 $30,842.34 $441.86 $0.00 $174.39 $31,458.59
61 $31,458.59 $441.86 $0.00 $177.87 $32,078.32
62 $32,078.32 $441.86 $0.00 $181.38 $32,701.56
63 $32,701.56 $441.86 $0.00 $184.90 $33,328.32
64 $33,328.32 $441.86 $0.00 $188.44 $33,958.62
65 $33,958.62 $441.86 $0.00 $192.01 $34,592.49
66 $34,592.49 $441.86 $0.00 $195.59 $35,229.94
67 $35,229.94 $441.86 $0.00 $199.20 $35,871.00
68 $35,871.00 $441.86 $0.00 $202.82 $36,515.68
69 $36,515.68 $441.86 $0.00 $206.46 $37,164.00
70 $37,164.00 $441.86 $0.00 $210.13 $37,815.99
71 $37,815.99 $441.86 $0.00 $213.82 $38,471.67
72 $38,471.67 $441.86 $0.00 $217.52 $39,131.05
73 $39,131.05 $441.86 $0.00 $221.25 $39,794.16
74 $39,794.16 $441.86 $0.00 $225.00 $40,461.02
75 $40,461.02 $441.86 $0.00 $228.77 $41,131.65
76 $41,131.65 $441.86 $0.00 $232.56 $41,806.07
77 $41,806.07 $441.86 $0.00 $236.38 $42,484.31
78 $42,484.31 $441.86 $0.00 $240.21 $43,166.38
79 $43,166.38 $441.86 $0.00 $244.07 $43,852.31
80 $43,852.31 $441.86 $0.00 $247.95 $44,542.12
81 $44,542.12 $441.86 $0.00 $251.85 $45,235.83
82 $45,235.83 $441.86 $0.00 $255.77 $45,933.46
83 $45,933.46 $441.86 $0.00 $259.71 $46,635.03
84 $46,635.03 $441.86 $0.00 $263.68 $47,340.57
85 $47,340.57 $441.86 $0.00 $267.67 $48,050.10
86 $48,050.10 $441.86 $0.00 $271.68 $48,763.64
87 $48,763.64 $441.86 $0.00 $275.72 $49,481.22
88 $49,481.22 $441.86 $0.00 $279.77 $50,202.85
89 $50,202.85 $441.86 $0.00 $283.85 $50,928.56
90 $50,928.56 $441.86 $0.00 $287.96 $51,658.38
91 $51,658.38 $441.86 $0.00 $292.08 $52,392.32
92 $52,392.32 $441.86 $0.00 $296.23 $53,130.41
93 $53,130.41 $441.86 $0.00 $300.41 $53,872.68
94 $53,872.68 $441.86 $0.00 $304.60 $54,619.14
95 $54,619.14 $441.86 $0.00 $308.82 $55,369.82
96 $55,369.82 $441.86 $0.00 $313.07 $56,124.75
97 $56,124.75 $441.86 $0.00 $317.34 $56,883.95
98 $56,883.95 $441.86 $0.00 $321.63 $57,647.44
99 $57,647.44 $441.86 $0.00 $325.95 $58,415.25
100 $58,415.25 $441.86 $0.00 $330.29 $59,187.40
101 $59,187.40 $441.86 $0.00 $334.65 $59,963.91
102 $59,963.91 $441.86 $0.00 $339.04 $60,744.81
103 $60,744.81 $441.86 $0.00 $343.46 $61,530.13
104 $61,530.13 $441.86 $0.00 $347.90 $62,319.89
105 $62,319.89 $441.86 $0.00 $352.37 $63,114.12
106 $63,114.12 $441.86 $0.00 $356.86 $63,912.84
107 $63,912.84 $441.86 $0.00 $361.37 $64,716.07
108 $64,716.07 $441.86 $0.00 $365.91 $65,523.84
109 $65,523.84 $441.86 $0.00 $370.48 $66,336.18
110 $66,336.18 $441.86 $0.00 $375.07 $67,153.11
111 $67,153.11 $441.86 $0.00 $379.69 $67,974.66
112 $67,974.66 $441.86 $0.00 $384.34 $68,800.86
113 $68,800.86 $441.86 $0.00 $389.01 $69,631.73
114 $69,631.73 $441.86 $0.00 $393.71 $70,467.30
115 $70,467.30 $441.86 $0.00 $398.43 $71,307.59
116 $71,307.59 $441.86 $0.00 $403.18 $72,152.63
117 $72,152.63 $441.86 $0.00 $407.96 $73,002.45
118 $73,002.45 $441.86 $0.00 $412.77 $73,857.08
119 $73,857.08 $441.86 $0.00 $417.60 $74,716.54
120 $74,716.54 $441.86 $0.00 $422.46 $75,580.86
121 $75,580.86 $441.86 $0.00 $427.35 $76,450.07
122 $76,450.07 $441.86 $0.00 $432.26 $77,324.19
123 $77,324.19 $441.86 $0.00 $437.20 $78,203.25
124 $78,203.25 $441.86 $0.00 $442.17 $79,087.28
125 $79,087.28 $441.86 $0.00 $447.17 $79,976.31
126 $79,976.31 $441.86 $0.00 $452.20 $80,870.37
127 $80,870.37 $441.86 $0.00 $457.25 $81,769.48
128 $81,769.48 $441.86 $0.00 $462.34 $82,673.68
129 $82,673.68 $441.86 $0.00 $467.45 $83,582.99
130 $83,582.99 $441.86 $0.00 $472.59 $84,497.44
131 $84,497.44 $441.86 $0.00 $477.76 $85,417.06
132 $85,417.06 $441.86 $0.00 $482.96 $86,341.88
133 $86,341.88 $441.86 $0.00 $488.19 $87,271.93
134 $87,271.93 $441.86 $0.00 $493.45 $88,207.24
135 $88,207.24 $441.86 $0.00 $498.74 $89,147.84
136 $89,147.84 $441.86 $0.00 $504.05 $90,093.75
137 $90,093.75 $441.86 $0.00 $509.40 $91,045.01
138 $91,045.01 $441.86 $0.00 $514.78 $92,001.65
139 $92,001.65 $441.86 $0.00 $520.19 $92,963.70
140 $92,963.70 $441.86 $0.00 $525.63 $93,931.19
141 $93,931.19 $441.86 $0.00 $531.10 $94,904.15
142 $94,904.15 $441.86 $0.00 $536.60 $95,882.61
143 $95,882.61 $441.86 $0.00 $542.13 $96,866.60
144 $96,866.60 $441.86 $0.00 $547.70 $97,856.16
145 $97,856.16 $441.86 $0.00 $553.29 $98,851.31
146 $98,851.31 $441.86 $0.00 $558.92 $99,852.09
147 $99,852.09 $441.86 $0.00 $564.58 $100,858.53
148 $100,858.53 $441.86 $0.00 $570.27 $101,870.66
149 $101,870.66 $441.86 $0.00 $575.99 $102,888.51
150 $102,888.51 $441.86 $0.00 $581.75 $103,912.12
151 $103,912.12 $441.86 $0.00 $587.53 $104,941.51
152 $104,941.51 $441.86 $0.00 $593.35 $105,976.72
153 $105,976.72 $441.86 $0.00 $599.21 $107,017.79
154 $107,017.79 $441.86 $0.00 $605.09 $108,064.74
155 $108,064.74 $441.86 $0.00 $611.01 $109,117.61
156 $109,117.61 $441.86 $0.00 $616.97 $110,176.44
157 $110,176.44 $441.86 $0.00 $622.95 $111,241.25
158 $111,241.25 $441.86 $0.00 $628.97 $112,312.08
159 $112,312.08 $441.86 $0.00 $635.03 $113,388.97
160 $113,388.97 $441.86 $0.00 $641.12 $114,471.95
161 $114,471.95 $441.86 $0.00 $647.24 $115,561.05
162 $115,561.05 $441.86 $0.00 $653.40 $116,656.31
163 $116,656.31 $441.86 $0.00 $659.59 $117,757.76
164 $117,757.76 $441.86 $0.00 $665.82 $118,865.44
165 $118,865.44 $441.86 $0.00 $672.08 $119,979.38
166 $119,979.38 $441.86 $0.00 $678.38 $121,099.62
167 $121,099.62 $441.86 $0.00 $684.71 $122,226.19
168 $122,226.19 $441.86 $0.00 $691.08 $123,359.13
169 $123,359.13 $441.86 $0.00 $697.49 $124,498.48
170 $124,498.48 $441.86 $0.00 $703.93 $125,644.27
171 $125,644.27 $441.86 $0.00 $710.41 $126,796.54
172 $126,796.54 $441.86 $0.00 $716.93 $127,955.33
173 $127,955.33 $441.86 $0.00 $723.48 $129,120.67
174 $129,120.67 $441.86 $0.00 $730.07 $130,292.60
175 $130,292.60 $441.86 $0.00 $736.69 $131,471.15
176 $131,471.15 $441.86 $0.00 $743.36 $132,656.37
177 $132,656.37 $441.86 $0.00 $750.06 $133,848.29
178 $133,848.29 $441.86 $0.00 $756.80 $135,046.95
179 $135,046.95 $441.86 $0.00 $763.58 $136,252.39
180 $136,252.39 $441.86 $0.00 $770.39 $137,464.64
181 $137,464.64 $441.86 $0.00 $777.25 $138,683.75
182 $138,683.75 $441.86 $0.00 $784.14 $139,909.75
183 $139,909.75 $441.86 $0.00 $791.07 $141,142.68
184 $141,142.68 $441.86 $0.00 $798.04 $142,382.58
185 $142,382.58 $441.86 $0.00 $805.05 $143,629.49
186 $143,629.49 $441.86 $0.00 $812.10 $144,883.45
187 $144,883.45 $441.86 $0.00 $819.19 $146,144.50
188 $146,144.50 $441.86 $0.00 $826.32 $147,412.68
189 $147,412.68 $441.86 $0.00 $833.49 $148,688.03
190 $148,688.03 $441.86 $0.00 $840.70 $149,970.59
191 $149,970.59 $441.86 $0.00 $847.96 $151,260.41
192 $151,260.41 $441.86 $0.00 $855.25 $152,557.52
193 $152,557.52 $441.86 $0.00 $862.58 $153,861.96
194 $153,861.96 $441.86 $0.00 $869.96 $155,173.78
195 $155,173.78 $441.86 $0.00 $877.38 $156,493.02
196 $156,493.02 $441.86 $0.00 $884.83 $157,819.71
197 $157,819.71 $441.86 $0.00 $892.34 $159,153.91
198 $159,153.91 $441.86 $0.00 $899.88 $160,495.65
199 $160,495.65 $441.86 $0.00 $907.47 $161,844.98
200 $161,844.98 $441.86 $0.00 $915.10 $163,201.94
201 $163,201.94 $441.86 $0.00 $922.77 $164,566.57
202 $164,566.57 $441.86 $0.00 $930.48 $165,938.91
203 $165,938.91 $441.86 $0.00 $938.24 $167,319.01
204 $167,319.01 $441.86 $0.00 $946.05 $168,706.92
205 $168,706.92 $441.86 $0.00 $953.89 $170,102.67
206 $170,102.67 $441.86 $0.00 $961.79 $171,506.32
207 $171,506.32 $441.86 $0.00 $969.72 $172,917.90
208 $172,917.90 $441.86 $0.00 $977.70 $174,337.46
209 $174,337.46 $441.86 $0.00 $985.73 $175,765.05
210 $175,765.05 $441.86 $0.00 $993.80 $177,200.71
211 $177,200.71 $441.86 $0.00 $1,001.92 $178,644.49
212 $178,644.49 $441.86 $0.00 $1,010.08 $180,096.43
213 $180,096.43 $441.86 $0.00 $1,018.29 $181,556.58
214 $181,556.58 $441.86 $0.00 $1,026.55 $183,024.99
215 $183,024.99 $441.86 $0.00 $1,034.85 $184,501.70
216 $184,501.70 $441.86 $0.00 $1,043.20 $185,986.76
217 $185,986.76 $441.86 $51,804.89 $1,051.60 $135,675.33
218 $135,675.33 $441.86 $0.00 $767.13 $136,884.32
219 $136,884.32 $441.86 $0.00 $773.96 $138,100.14
220 $138,100.14 $441.86 $0.00 $780.84 $139,322.84
221 $139,322.84 $441.86 $0.00 $787.75 $140,552.45
222 $140,552.45 $441.86 $0.00 $794.70 $141,789.01
223 $141,789.01 $441.86 $0.00 $801.70 $143,032.57
224 $143,032.57 $441.86 $0.00 $808.73 $144,283.16
225 $144,283.16 $441.86 $0.00 $815.80 $145,540.82
226 $145,540.82 $441.86 $0.00 $822.91 $146,805.59
227 $146,805.59 $441.86 $0.00 $830.06 $148,077.51
228 $148,077.51 $441.86 $0.00 $837.25 $149,356.62
229 $149,356.62 $441.86 $54,395.13 $844.48 $96,247.83
230 $96,247.83 $441.86 $0.00 $544.20 $97,233.89
231 $97,233.89 $441.86 $0.00 $549.77 $98,225.52
232 $98,225.52 $441.86 $0.00 $555.38 $99,222.76
233 $99,222.76 $441.86 $0.00 $561.02 $100,225.64
234 $100,225.64 $441.86 $0.00 $566.69 $101,234.19
235 $101,234.19 $441.86 $0.00 $572.39 $102,248.44
236 $102,248.44 $441.86 $0.00 $578.13 $103,268.43
237 $103,268.43 $441.86 $0.00 $583.89 $104,294.18
238 $104,294.18 $441.86 $0.00 $589.69 $105,325.73
239 $105,325.73 $441.86 $0.00 $595.53 $106,363.12
240 $106,363.12 $441.86 $0.00 $601.39 $107,406.37
241 $107,406.37 $441.86 $57,114.89 $607.29 $51,340.63
242 $51,340.63 $441.86 $0.00 $290.29 $52,072.78
243 $52,072.78 $441.86 $0.00 $294.43 $52,809.07
244 $52,809.07 $441.86 $0.00 $298.59 $53,549.52
245 $53,549.52 $441.86 $0.00 $302.78 $54,294.16
246 $54,294.16 $441.86 $0.00 $306.99 $55,043.01
247 $55,043.01 $441.86 $0.00 $311.22 $55,796.09
248 $55,796.09 $441.86 $0.00 $315.48 $56,553.43
249 $56,553.43 $441.86 $0.00 $319.76 $57,315.05
250 $57,315.05 $441.86 $0.00 $324.07 $58,080.98
251 $58,080.98 $441.86 $0.00 $328.40 $58,851.24
252 $58,851.24 $441.86 $0.00 $332.75 $59,625.85
253 $59,625.85 $0.00 $59,970.63 $337.13 ($7.65)