Savings Plan and Future Cost Estimation for Southern University and A & M College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$97,484
Monthly savings required$770

How much will it cost to send your child to Southern University and A & M College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $389,934.27 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $770.44 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$25,984.00
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 $770.44 $0.00 $0.00 $770.44
2 $770.44 $770.44 $0.00 $4.36 $1,545.24
3 $1,545.24 $770.44 $0.00 $8.74 $2,324.42
4 $2,324.42 $770.44 $0.00 $13.14 $3,108.00
5 $3,108.00 $770.44 $0.00 $17.57 $3,896.01
6 $3,896.01 $770.44 $0.00 $22.03 $4,688.48
7 $4,688.48 $770.44 $0.00 $26.51 $5,485.43
8 $5,485.43 $770.44 $0.00 $31.02 $6,286.89
9 $6,286.89 $770.44 $0.00 $35.55 $7,092.88
10 $7,092.88 $770.44 $0.00 $40.10 $7,903.42
11 $7,903.42 $770.44 $0.00 $44.69 $8,718.55
12 $8,718.55 $770.44 $0.00 $49.30 $9,538.29
13 $9,538.29 $770.44 $0.00 $53.93 $10,362.66
14 $10,362.66 $770.44 $0.00 $58.59 $11,191.69
15 $11,191.69 $770.44 $0.00 $63.28 $12,025.41
16 $12,025.41 $770.44 $0.00 $67.99 $12,863.84
17 $12,863.84 $770.44 $0.00 $72.73 $13,707.01
18 $13,707.01 $770.44 $0.00 $77.50 $14,554.95
19 $14,554.95 $770.44 $0.00 $82.30 $15,407.69
20 $15,407.69 $770.44 $0.00 $87.12 $16,265.25
21 $16,265.25 $770.44 $0.00 $91.97 $17,127.66
22 $17,127.66 $770.44 $0.00 $96.84 $17,994.94
23 $17,994.94 $770.44 $0.00 $101.75 $18,867.13
24 $18,867.13 $770.44 $0.00 $106.68 $19,744.25
25 $19,744.25 $770.44 $0.00 $111.64 $20,626.33
26 $20,626.33 $770.44 $0.00 $116.62 $21,513.39
27 $21,513.39 $770.44 $0.00 $121.64 $22,405.47
28 $22,405.47 $770.44 $0.00 $126.68 $23,302.59
29 $23,302.59 $770.44 $0.00 $131.76 $24,204.79
30 $24,204.79 $770.44 $0.00 $136.86 $25,112.09
31 $25,112.09 $770.44 $0.00 $141.99 $26,024.52
32 $26,024.52 $770.44 $0.00 $147.15 $26,942.11
33 $26,942.11 $770.44 $0.00 $152.33 $27,864.88
34 $27,864.88 $770.44 $0.00 $157.55 $28,792.87
35 $28,792.87 $770.44 $0.00 $162.80 $29,726.11
36 $29,726.11 $770.44 $0.00 $168.08 $30,664.63
37 $30,664.63 $770.44 $0.00 $173.38 $31,608.45
38 $31,608.45 $770.44 $0.00 $178.72 $32,557.61
39 $32,557.61 $770.44 $0.00 $184.09 $33,512.14
40 $33,512.14 $770.44 $0.00 $189.48 $34,472.06
41 $34,472.06 $770.44 $0.00 $194.91 $35,437.41
42 $35,437.41 $770.44 $0.00 $200.37 $36,408.22
43 $36,408.22 $770.44 $0.00 $205.86 $37,384.52
44 $37,384.52 $770.44 $0.00 $211.38 $38,366.34
45 $38,366.34 $770.44 $0.00 $216.93 $39,353.71
46 $39,353.71 $770.44 $0.00 $222.51 $40,346.66
47 $40,346.66 $770.44 $0.00 $228.13 $41,345.23
48 $41,345.23 $770.44 $0.00 $233.77 $42,349.44
49 $42,349.44 $770.44 $0.00 $239.45 $43,359.33
50 $43,359.33 $770.44 $0.00 $245.16 $44,374.93
51 $44,374.93 $770.44 $0.00 $250.90 $45,396.27
52 $45,396.27 $770.44 $0.00 $256.68 $46,423.39
53 $46,423.39 $770.44 $0.00 $262.48 $47,456.31
54 $47,456.31 $770.44 $0.00 $268.32 $48,495.07
55 $48,495.07 $770.44 $0.00 $274.20 $49,539.71
56 $49,539.71 $770.44 $0.00 $280.10 $50,590.25
57 $50,590.25 $770.44 $0.00 $286.04 $51,646.73
58 $51,646.73 $770.44 $0.00 $292.02 $52,709.19
59 $52,709.19 $770.44 $0.00 $298.03 $53,777.66
60 $53,777.66 $770.44 $0.00 $304.07 $54,852.17
61 $54,852.17 $770.44 $0.00 $310.14 $55,932.75
62 $55,932.75 $770.44 $0.00 $316.25 $57,019.44
63 $57,019.44 $770.44 $0.00 $322.40 $58,112.28
64 $58,112.28 $770.44 $0.00 $328.58 $59,211.30
65 $59,211.30 $770.44 $0.00 $334.79 $60,316.53
66 $60,316.53 $770.44 $0.00 $341.04 $61,428.01
67 $61,428.01 $770.44 $0.00 $347.32 $62,545.77
68 $62,545.77 $770.44 $0.00 $353.64 $63,669.85
69 $63,669.85 $770.44 $0.00 $360.00 $64,800.29
70 $64,800.29 $770.44 $0.00 $366.39 $65,937.12
71 $65,937.12 $770.44 $0.00 $372.82 $67,080.38
72 $67,080.38 $770.44 $0.00 $379.28 $68,230.10
73 $68,230.10 $770.44 $0.00 $385.78 $69,386.32
74 $69,386.32 $770.44 $0.00 $392.32 $70,549.08
75 $70,549.08 $770.44 $0.00 $398.89 $71,718.41
76 $71,718.41 $770.44 $0.00 $405.51 $72,894.36
77 $72,894.36 $770.44 $0.00 $412.16 $74,076.96
78 $74,076.96 $770.44 $0.00 $418.84 $75,266.24
79 $75,266.24 $770.44 $0.00 $425.57 $76,462.25
80 $76,462.25 $770.44 $0.00 $432.33 $77,665.02
81 $77,665.02 $770.44 $0.00 $439.13 $78,874.59
82 $78,874.59 $770.44 $0.00 $445.97 $80,091.00
83 $80,091.00 $770.44 $0.00 $452.85 $81,314.29
84 $81,314.29 $770.44 $0.00 $459.76 $82,544.49
85 $82,544.49 $770.44 $0.00 $466.72 $83,781.65
86 $83,781.65 $770.44 $0.00 $473.71 $85,025.80
87 $85,025.80 $770.44 $0.00 $480.75 $86,276.99
88 $86,276.99 $770.44 $0.00 $487.82 $87,535.25
89 $87,535.25 $770.44 $0.00 $494.94 $88,800.63
90 $88,800.63 $770.44 $0.00 $502.09 $90,073.16
91 $90,073.16 $770.44 $0.00 $509.29 $91,352.89
92 $91,352.89 $770.44 $0.00 $516.52 $92,639.85
93 $92,639.85 $770.44 $0.00 $523.80 $93,934.09
94 $93,934.09 $770.44 $0.00 $531.12 $95,235.65
95 $95,235.65 $770.44 $0.00 $538.48 $96,544.57
96 $96,544.57 $770.44 $0.00 $545.88 $97,860.89
97 $97,860.89 $770.44 $0.00 $553.32 $99,184.65
98 $99,184.65 $770.44 $0.00 $560.80 $100,515.89
99 $100,515.89 $770.44 $0.00 $568.33 $101,854.66
100 $101,854.66 $770.44 $0.00 $575.90 $103,201.00
101 $103,201.00 $770.44 $0.00 $583.51 $104,554.95
102 $104,554.95 $770.44 $0.00 $591.17 $105,916.56
103 $105,916.56 $770.44 $0.00 $598.87 $107,285.87
104 $107,285.87 $770.44 $0.00 $606.61 $108,662.92
105 $108,662.92 $770.44 $0.00 $614.40 $110,047.76
106 $110,047.76 $770.44 $0.00 $622.23 $111,440.43
107 $111,440.43 $770.44 $0.00 $630.10 $112,840.97
108 $112,840.97 $770.44 $0.00 $638.02 $114,249.43
109 $114,249.43 $770.44 $0.00 $645.98 $115,665.85
110 $115,665.85 $770.44 $0.00 $653.99 $117,090.28
111 $117,090.28 $770.44 $0.00 $662.05 $118,522.77
112 $118,522.77 $770.44 $0.00 $670.14 $119,963.35
113 $119,963.35 $770.44 $0.00 $678.29 $121,412.08
114 $121,412.08 $770.44 $0.00 $686.48 $122,869.00
115 $122,869.00 $770.44 $0.00 $694.72 $124,334.16
116 $124,334.16 $770.44 $0.00 $703.00 $125,807.60
117 $125,807.60 $770.44 $0.00 $711.33 $127,289.37
118 $127,289.37 $770.44 $0.00 $719.71 $128,779.52
119 $128,779.52 $770.44 $0.00 $728.14 $130,278.10
120 $130,278.10 $770.44 $0.00 $736.61 $131,785.15
121 $131,785.15 $770.44 $0.00 $745.13 $133,300.72
122 $133,300.72 $770.44 $0.00 $753.70 $134,824.86
123 $134,824.86 $770.44 $0.00 $762.32 $136,357.62
124 $136,357.62 $770.44 $0.00 $770.99 $137,899.05
125 $137,899.05 $770.44 $0.00 $779.70 $139,449.19
126 $139,449.19 $770.44 $0.00 $788.47 $141,008.10
127 $141,008.10 $770.44 $0.00 $797.28 $142,575.82
128 $142,575.82 $770.44 $0.00 $806.14 $144,152.40
129 $144,152.40 $770.44 $0.00 $815.06 $145,737.90
130 $145,737.90 $770.44 $0.00 $824.02 $147,332.36
131 $147,332.36 $770.44 $0.00 $833.04 $148,935.84
132 $148,935.84 $770.44 $0.00 $842.10 $150,548.38
133 $150,548.38 $770.44 $0.00 $851.22 $152,170.04
134 $152,170.04 $770.44 $0.00 $860.39 $153,800.87
135 $153,800.87 $770.44 $0.00 $869.61 $155,440.92
136 $155,440.92 $770.44 $0.00 $878.89 $157,090.25
137 $157,090.25 $770.44 $0.00 $888.21 $158,748.90
138 $158,748.90 $770.44 $0.00 $897.59 $160,416.93
139 $160,416.93 $770.44 $0.00 $907.02 $162,094.39
140 $162,094.39 $770.44 $0.00 $916.51 $163,781.34
141 $163,781.34 $770.44 $0.00 $926.04 $165,477.82
142 $165,477.82 $770.44 $0.00 $935.64 $167,183.90
143 $167,183.90 $770.44 $0.00 $945.28 $168,899.62
144 $168,899.62 $770.44 $0.00 $954.98 $170,625.04
145 $170,625.04 $770.44 $0.00 $964.74 $172,360.22
146 $172,360.22 $770.44 $0.00 $974.55 $174,105.21
147 $174,105.21 $770.44 $0.00 $984.42 $175,860.07
148 $175,860.07 $770.44 $0.00 $994.34 $177,624.85
149 $177,624.85 $770.44 $0.00 $1,004.32 $179,399.61
150 $179,399.61 $770.44 $0.00 $1,014.35 $181,184.40
151 $181,184.40 $770.44 $0.00 $1,024.44 $182,979.28
152 $182,979.28 $770.44 $0.00 $1,034.59 $184,784.31
153 $184,784.31 $770.44 $0.00 $1,044.80 $186,599.55
154 $186,599.55 $770.44 $0.00 $1,055.06 $188,425.05
155 $188,425.05 $770.44 $0.00 $1,065.38 $190,260.87
156 $190,260.87 $770.44 $0.00 $1,075.76 $192,107.07
157 $192,107.07 $770.44 $0.00 $1,086.20 $193,963.71
158 $193,963.71 $770.44 $0.00 $1,096.70 $195,830.85
159 $195,830.85 $770.44 $0.00 $1,107.26 $197,708.55
160 $197,708.55 $770.44 $0.00 $1,117.87 $199,596.86
161 $199,596.86 $770.44 $0.00 $1,128.55 $201,495.85
162 $201,495.85 $770.44 $0.00 $1,139.29 $203,405.58
163 $203,405.58 $770.44 $0.00 $1,150.08 $205,326.10
164 $205,326.10 $770.44 $0.00 $1,160.94 $207,257.48
165 $207,257.48 $770.44 $0.00 $1,171.86 $209,199.78
166 $209,199.78 $770.44 $0.00 $1,182.85 $211,153.07
167 $211,153.07 $770.44 $0.00 $1,193.89 $213,117.40
168 $213,117.40 $770.44 $0.00 $1,205.00 $215,092.84
169 $215,092.84 $770.44 $0.00 $1,216.17 $217,079.45
170 $217,079.45 $770.44 $0.00 $1,227.40 $219,077.29
171 $219,077.29 $770.44 $0.00 $1,238.69 $221,086.42
172 $221,086.42 $770.44 $0.00 $1,250.05 $223,106.91
173 $223,106.91 $770.44 $0.00 $1,261.48 $225,138.83
174 $225,138.83 $770.44 $0.00 $1,272.97 $227,182.24
175 $227,182.24 $770.44 $0.00 $1,284.52 $229,237.20
176 $229,237.20 $770.44 $0.00 $1,296.14 $231,303.78
177 $231,303.78 $770.44 $0.00 $1,307.83 $233,382.05
178 $233,382.05 $770.44 $0.00 $1,319.58 $235,472.07
179 $235,472.07 $770.44 $0.00 $1,331.39 $237,573.90
180 $237,573.90 $770.44 $0.00 $1,343.28 $239,687.62
181 $239,687.62 $770.44 $0.00 $1,355.23 $241,813.29
182 $241,813.29 $770.44 $0.00 $1,367.25 $243,950.98
183 $243,950.98 $770.44 $0.00 $1,379.33 $246,100.75
184 $246,100.75 $770.44 $0.00 $1,391.49 $248,262.68
185 $248,262.68 $770.44 $0.00 $1,403.71 $250,436.83
186 $250,436.83 $770.44 $0.00 $1,416.01 $252,623.28
187 $252,623.28 $770.44 $0.00 $1,428.37 $254,822.09
188 $254,822.09 $770.44 $0.00 $1,440.80 $257,033.33
189 $257,033.33 $770.44 $0.00 $1,453.30 $259,257.07
190 $259,257.07 $770.44 $0.00 $1,465.88 $261,493.39
191 $261,493.39 $770.44 $0.00 $1,478.52 $263,742.35
192 $263,742.35 $770.44 $0.00 $1,491.24 $266,004.03
193 $266,004.03 $770.44 $0.00 $1,504.03 $268,278.50
194 $268,278.50 $770.44 $0.00 $1,516.89 $270,565.83
195 $270,565.83 $770.44 $0.00 $1,529.82 $272,866.09
196 $272,866.09 $770.44 $0.00 $1,542.82 $275,179.35
197 $275,179.35 $770.44 $0.00 $1,555.90 $277,505.69
198 $277,505.69 $770.44 $0.00 $1,569.06 $279,845.19
199 $279,845.19 $770.44 $0.00 $1,582.29 $282,197.92
200 $282,197.92 $770.44 $0.00 $1,595.59 $284,563.95
201 $284,563.95 $770.44 $0.00 $1,608.97 $286,943.36
202 $286,943.36 $770.44 $0.00 $1,622.42 $289,336.22
203 $289,336.22 $770.44 $0.00 $1,635.95 $291,742.61
204 $291,742.61 $770.44 $0.00 $1,649.56 $294,162.61
205 $294,162.61 $770.44 $0.00 $1,663.24 $296,596.29
206 $296,596.29 $770.44 $0.00 $1,677.00 $299,043.73
207 $299,043.73 $770.44 $0.00 $1,690.84 $301,505.01
208 $301,505.01 $770.44 $0.00 $1,704.75 $303,980.20
209 $303,980.20 $770.44 $0.00 $1,718.75 $306,469.39
210 $306,469.39 $770.44 $0.00 $1,732.82 $308,972.65
211 $308,972.65 $770.44 $0.00 $1,746.98 $311,490.07
212 $311,490.07 $770.44 $0.00 $1,761.21 $314,021.72
213 $314,021.72 $770.44 $0.00 $1,775.52 $316,567.68
214 $316,567.68 $770.44 $0.00 $1,789.92 $319,128.04
215 $319,128.04 $770.44 $0.00 $1,804.40 $321,702.88
216 $321,702.88 $770.44 $0.00 $1,818.95 $324,292.27
217 $324,292.27 $770.44 $87,824.16 $1,833.60 $239,072.15
218 $239,072.15 $770.44 $0.00 $1,351.75 $241,194.34
219 $241,194.34 $770.44 $0.00 $1,363.75 $243,328.53
220 $243,328.53 $770.44 $0.00 $1,375.81 $245,474.78
221 $245,474.78 $770.44 $0.00 $1,387.95 $247,633.17
222 $247,633.17 $770.44 $0.00 $1,400.15 $249,803.76
223 $249,803.76 $770.44 $0.00 $1,412.43 $251,986.63
224 $251,986.63 $770.44 $0.00 $1,424.77 $254,181.84
225 $254,181.84 $770.44 $0.00 $1,437.18 $256,389.46
226 $256,389.46 $770.44 $0.00 $1,449.66 $258,609.56
227 $258,609.56 $770.44 $0.00 $1,462.22 $260,842.22
228 $260,842.22 $770.44 $0.00 $1,474.84 $263,087.50
229 $263,087.50 $770.44 $93,971.85 $1,487.53 $171,373.62
230 $171,373.62 $770.44 $0.00 $968.97 $173,113.03
231 $173,113.03 $770.44 $0.00 $978.81 $174,862.28
232 $174,862.28 $770.44 $0.00 $988.70 $176,621.42
233 $176,621.42 $770.44 $0.00 $998.64 $178,390.50
234 $178,390.50 $770.44 $0.00 $1,008.65 $180,169.59
235 $180,169.59 $770.44 $0.00 $1,018.71 $181,958.74
236 $181,958.74 $770.44 $0.00 $1,028.82 $183,758.00
237 $183,758.00 $770.44 $0.00 $1,038.99 $185,567.43
238 $185,567.43 $770.44 $0.00 $1,049.23 $187,387.10
239 $187,387.10 $770.44 $0.00 $1,059.51 $189,217.05
240 $189,217.05 $770.44 $0.00 $1,069.86 $191,057.35
241 $191,057.35 $770.44 $100,549.88 $1,080.27 $92,358.18
242 $92,358.18 $770.44 $0.00 $522.21 $93,650.83
243 $93,650.83 $770.44 $0.00 $529.52 $94,950.79
244 $94,950.79 $770.44 $0.00 $536.87 $96,258.10
245 $96,258.10 $770.44 $0.00 $544.26 $97,572.80
246 $97,572.80 $770.44 $0.00 $551.69 $98,894.93
247 $98,894.93 $770.44 $0.00 $559.17 $100,224.54
248 $100,224.54 $770.44 $0.00 $566.68 $101,561.66
249 $101,561.66 $770.44 $0.00 $574.24 $102,906.34
250 $102,906.34 $770.44 $0.00 $581.85 $104,258.63
251 $104,258.63 $770.44 $0.00 $589.49 $105,618.56
252 $105,618.56 $770.44 $0.00 $597.18 $106,986.18
253 $106,986.18 $0.00 $107,588.37 $604.92 $2.73