How much will it cost and what do you need to save?
Estimated Annual Cost in 2041 | $62,354 |
Monthly savings required | $494 |
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 $249,414.69 for students enrolling in 2041 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $493.59 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.
Current Annual Cost | $24,045.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 5% |
Current Savings | $0.00 |
After Tax Return on Savings | 7% |
Years of enrollment | 4 |
Discover how much will you need to start saving now to afford Southern University and A & M College in the future.
Month | Begin | Deposit | Withdraw | Interest | End |
---|---|---|---|---|---|
1 | $0.00 | $493.59 | $0.00 | $0.00 | $493.59 |
2 | $493.59 | $493.59 | $0.00 | $2.79 | $989.97 |
3 | $989.97 | $493.59 | $0.00 | $5.60 | $1,489.16 |
4 | $1,489.16 | $493.59 | $0.00 | $8.42 | $1,991.17 |
5 | $1,991.17 | $493.59 | $0.00 | $11.26 | $2,496.02 |
6 | $2,496.02 | $493.59 | $0.00 | $14.11 | $3,003.72 |
7 | $3,003.72 | $493.59 | $0.00 | $16.98 | $3,514.29 |
8 | $3,514.29 | $493.59 | $0.00 | $19.87 | $4,027.75 |
9 | $4,027.75 | $493.59 | $0.00 | $22.77 | $4,544.11 |
10 | $4,544.11 | $493.59 | $0.00 | $25.69 | $5,063.39 |
11 | $5,063.39 | $493.59 | $0.00 | $28.63 | $5,585.61 |
12 | $5,585.61 | $493.59 | $0.00 | $31.58 | $6,110.78 |
13 | $6,110.78 | $493.59 | $0.00 | $34.55 | $6,638.92 |
14 | $6,638.92 | $493.59 | $0.00 | $37.54 | $7,170.05 |
15 | $7,170.05 | $493.59 | $0.00 | $40.54 | $7,704.18 |
16 | $7,704.18 | $493.59 | $0.00 | $43.56 | $8,241.33 |
17 | $8,241.33 | $493.59 | $0.00 | $46.60 | $8,781.52 |
18 | $8,781.52 | $493.59 | $0.00 | $49.65 | $9,324.76 |
19 | $9,324.76 | $493.59 | $0.00 | $52.72 | $9,871.07 |
20 | $9,871.07 | $493.59 | $0.00 | $55.81 | $10,420.47 |
21 | $10,420.47 | $493.59 | $0.00 | $58.92 | $10,972.98 |
22 | $10,972.98 | $493.59 | $0.00 | $62.04 | $11,528.61 |
23 | $11,528.61 | $493.59 | $0.00 | $65.18 | $12,087.38 |
24 | $12,087.38 | $493.59 | $0.00 | $68.34 | $12,649.31 |
25 | $12,649.31 | $493.59 | $0.00 | $71.52 | $13,214.42 |
26 | $13,214.42 | $493.59 | $0.00 | $74.72 | $13,782.73 |
27 | $13,782.73 | $493.59 | $0.00 | $77.93 | $14,354.25 |
28 | $14,354.25 | $493.59 | $0.00 | $81.16 | $14,929.00 |
29 | $14,929.00 | $493.59 | $0.00 | $84.41 | $15,507.00 |
30 | $15,507.00 | $493.59 | $0.00 | $87.68 | $16,088.27 |
31 | $16,088.27 | $493.59 | $0.00 | $90.97 | $16,672.83 |
32 | $16,672.83 | $493.59 | $0.00 | $94.27 | $17,260.69 |
33 | $17,260.69 | $493.59 | $0.00 | $97.59 | $17,851.87 |
34 | $17,851.87 | $493.59 | $0.00 | $100.94 | $18,446.40 |
35 | $18,446.40 | $493.59 | $0.00 | $104.30 | $19,044.29 |
36 | $19,044.29 | $493.59 | $0.00 | $107.68 | $19,645.56 |
37 | $19,645.56 | $493.59 | $0.00 | $111.08 | $20,250.23 |
38 | $20,250.23 | $493.59 | $0.00 | $114.50 | $20,858.32 |
39 | $20,858.32 | $493.59 | $0.00 | $117.94 | $21,469.85 |
40 | $21,469.85 | $493.59 | $0.00 | $121.39 | $22,084.83 |
41 | $22,084.83 | $493.59 | $0.00 | $124.87 | $22,703.29 |
42 | $22,703.29 | $493.59 | $0.00 | $128.37 | $23,325.25 |
43 | $23,325.25 | $493.59 | $0.00 | $131.88 | $23,950.72 |
44 | $23,950.72 | $493.59 | $0.00 | $135.42 | $24,579.73 |
45 | $24,579.73 | $493.59 | $0.00 | $138.98 | $25,212.30 |
46 | $25,212.30 | $493.59 | $0.00 | $142.55 | $25,848.44 |
47 | $25,848.44 | $493.59 | $0.00 | $146.15 | $26,488.18 |
48 | $26,488.18 | $493.59 | $0.00 | $149.77 | $27,131.54 |
49 | $27,131.54 | $493.59 | $0.00 | $153.41 | $27,778.54 |
50 | $27,778.54 | $493.59 | $0.00 | $157.06 | $28,429.19 |
51 | $28,429.19 | $493.59 | $0.00 | $160.74 | $29,083.52 |
52 | $29,083.52 | $493.59 | $0.00 | $164.44 | $29,741.55 |
53 | $29,741.55 | $493.59 | $0.00 | $168.16 | $30,403.30 |
54 | $30,403.30 | $493.59 | $0.00 | $171.90 | $31,068.79 |
55 | $31,068.79 | $493.59 | $0.00 | $175.67 | $31,738.05 |
56 | $31,738.05 | $493.59 | $0.00 | $179.45 | $32,411.09 |
57 | $32,411.09 | $493.59 | $0.00 | $183.26 | $33,087.94 |
58 | $33,087.94 | $493.59 | $0.00 | $187.08 | $33,768.61 |
59 | $33,768.61 | $493.59 | $0.00 | $190.93 | $34,453.13 |
60 | $34,453.13 | $493.59 | $0.00 | $194.80 | $35,141.52 |
61 | $35,141.52 | $493.59 | $0.00 | $198.70 | $35,833.81 |
62 | $35,833.81 | $493.59 | $0.00 | $202.61 | $36,530.01 |
63 | $36,530.01 | $493.59 | $0.00 | $206.55 | $37,230.15 |
64 | $37,230.15 | $493.59 | $0.00 | $210.50 | $37,934.24 |
65 | $37,934.24 | $493.59 | $0.00 | $214.49 | $38,642.32 |
66 | $38,642.32 | $493.59 | $0.00 | $218.49 | $39,354.40 |
67 | $39,354.40 | $493.59 | $0.00 | $222.52 | $40,070.51 |
68 | $40,070.51 | $493.59 | $0.00 | $226.56 | $40,790.66 |
69 | $40,790.66 | $493.59 | $0.00 | $230.64 | $41,514.89 |
70 | $41,514.89 | $493.59 | $0.00 | $234.73 | $42,243.21 |
71 | $42,243.21 | $493.59 | $0.00 | $238.85 | $42,975.65 |
72 | $42,975.65 | $493.59 | $0.00 | $242.99 | $43,712.23 |
73 | $43,712.23 | $493.59 | $0.00 | $247.16 | $44,452.98 |
74 | $44,452.98 | $493.59 | $0.00 | $251.34 | $45,197.91 |
75 | $45,197.91 | $493.59 | $0.00 | $255.56 | $45,947.06 |
76 | $45,947.06 | $493.59 | $0.00 | $259.79 | $46,700.44 |
77 | $46,700.44 | $493.59 | $0.00 | $264.05 | $47,458.08 |
78 | $47,458.08 | $493.59 | $0.00 | $268.33 | $48,220.00 |
79 | $48,220.00 | $493.59 | $0.00 | $272.64 | $48,986.23 |
80 | $48,986.23 | $493.59 | $0.00 | $276.98 | $49,756.80 |
81 | $49,756.80 | $493.59 | $0.00 | $281.33 | $50,531.72 |
82 | $50,531.72 | $493.59 | $0.00 | $285.71 | $51,311.02 |
83 | $51,311.02 | $493.59 | $0.00 | $290.12 | $52,094.73 |
84 | $52,094.73 | $493.59 | $0.00 | $294.55 | $52,882.87 |
85 | $52,882.87 | $493.59 | $0.00 | $299.01 | $53,675.47 |
86 | $53,675.47 | $493.59 | $0.00 | $303.49 | $54,472.55 |
87 | $54,472.55 | $493.59 | $0.00 | $308.00 | $55,274.14 |
88 | $55,274.14 | $493.59 | $0.00 | $312.53 | $56,080.26 |
89 | $56,080.26 | $493.59 | $0.00 | $317.09 | $56,890.94 |
90 | $56,890.94 | $493.59 | $0.00 | $321.67 | $57,706.20 |
91 | $57,706.20 | $493.59 | $0.00 | $326.28 | $58,526.07 |
92 | $58,526.07 | $493.59 | $0.00 | $330.91 | $59,350.57 |
93 | $59,350.57 | $493.59 | $0.00 | $335.58 | $60,179.74 |
94 | $60,179.74 | $493.59 | $0.00 | $340.26 | $61,013.59 |
95 | $61,013.59 | $493.59 | $0.00 | $344.98 | $61,852.16 |
96 | $61,852.16 | $493.59 | $0.00 | $349.72 | $62,695.47 |
97 | $62,695.47 | $493.59 | $0.00 | $354.49 | $63,543.55 |
98 | $63,543.55 | $493.59 | $0.00 | $359.28 | $64,396.42 |
99 | $64,396.42 | $493.59 | $0.00 | $364.11 | $65,254.12 |
100 | $65,254.12 | $493.59 | $0.00 | $368.96 | $66,116.67 |
101 | $66,116.67 | $493.59 | $0.00 | $373.83 | $66,984.09 |
102 | $66,984.09 | $493.59 | $0.00 | $378.74 | $67,856.42 |
103 | $67,856.42 | $493.59 | $0.00 | $383.67 | $68,733.68 |
104 | $68,733.68 | $493.59 | $0.00 | $388.63 | $69,615.90 |
105 | $69,615.90 | $493.59 | $0.00 | $393.62 | $70,503.11 |
106 | $70,503.11 | $493.59 | $0.00 | $398.63 | $71,395.33 |
107 | $71,395.33 | $493.59 | $0.00 | $403.68 | $72,292.60 |
108 | $72,292.60 | $493.59 | $0.00 | $408.75 | $73,194.94 |
109 | $73,194.94 | $493.59 | $0.00 | $413.85 | $74,102.38 |
110 | $74,102.38 | $493.59 | $0.00 | $418.99 | $75,014.96 |
111 | $75,014.96 | $493.59 | $0.00 | $424.15 | $75,932.70 |
112 | $75,932.70 | $493.59 | $0.00 | $429.33 | $76,855.62 |
113 | $76,855.62 | $493.59 | $0.00 | $434.55 | $77,783.76 |
114 | $77,783.76 | $493.59 | $0.00 | $439.80 | $78,717.15 |
115 | $78,717.15 | $493.59 | $0.00 | $445.08 | $79,655.82 |
116 | $79,655.82 | $493.59 | $0.00 | $450.39 | $80,599.80 |
117 | $80,599.80 | $493.59 | $0.00 | $455.72 | $81,549.11 |
118 | $81,549.11 | $493.59 | $0.00 | $461.09 | $82,503.79 |
119 | $82,503.79 | $493.59 | $0.00 | $466.49 | $83,463.87 |
120 | $83,463.87 | $493.59 | $0.00 | $471.92 | $84,429.38 |
121 | $84,429.38 | $493.59 | $0.00 | $477.38 | $85,400.35 |
122 | $85,400.35 | $493.59 | $0.00 | $482.87 | $86,376.81 |
123 | $86,376.81 | $493.59 | $0.00 | $488.39 | $87,358.79 |
124 | $87,358.79 | $493.59 | $0.00 | $493.94 | $88,346.32 |
125 | $88,346.32 | $493.59 | $0.00 | $499.52 | $89,339.43 |
126 | $89,339.43 | $493.59 | $0.00 | $505.14 | $90,338.16 |
127 | $90,338.16 | $493.59 | $0.00 | $510.79 | $91,342.54 |
128 | $91,342.54 | $493.59 | $0.00 | $516.46 | $92,352.59 |
129 | $92,352.59 | $493.59 | $0.00 | $522.17 | $93,368.35 |
130 | $93,368.35 | $493.59 | $0.00 | $527.92 | $94,389.86 |
131 | $94,389.86 | $493.59 | $0.00 | $533.69 | $95,417.14 |
132 | $95,417.14 | $493.59 | $0.00 | $539.50 | $96,450.23 |
133 | $96,450.23 | $493.59 | $0.00 | $545.34 | $97,489.16 |
134 | $97,489.16 | $493.59 | $0.00 | $551.22 | $98,533.97 |
135 | $98,533.97 | $493.59 | $0.00 | $557.13 | $99,584.69 |
136 | $99,584.69 | $493.59 | $0.00 | $563.07 | $100,641.35 |
137 | $100,641.35 | $493.59 | $0.00 | $569.04 | $101,703.98 |
138 | $101,703.98 | $493.59 | $0.00 | $575.05 | $102,772.62 |
139 | $102,772.62 | $493.59 | $0.00 | $581.09 | $103,847.30 |
140 | $103,847.30 | $493.59 | $0.00 | $587.17 | $104,928.06 |
141 | $104,928.06 | $493.59 | $0.00 | $593.28 | $106,014.93 |
142 | $106,014.93 | $493.59 | $0.00 | $599.42 | $107,107.94 |
143 | $107,107.94 | $493.59 | $0.00 | $605.60 | $108,207.13 |
144 | $108,207.13 | $493.59 | $0.00 | $611.82 | $109,312.54 |
145 | $109,312.54 | $493.59 | $0.00 | $618.07 | $110,424.20 |
146 | $110,424.20 | $493.59 | $0.00 | $624.35 | $111,542.14 |
147 | $111,542.14 | $493.59 | $0.00 | $630.68 | $112,666.41 |
148 | $112,666.41 | $493.59 | $0.00 | $637.03 | $113,797.03 |
149 | $113,797.03 | $493.59 | $0.00 | $643.42 | $114,934.04 |
150 | $114,934.04 | $493.59 | $0.00 | $649.85 | $116,077.48 |
151 | $116,077.48 | $493.59 | $0.00 | $656.32 | $117,227.39 |
152 | $117,227.39 | $493.59 | $0.00 | $662.82 | $118,383.80 |
153 | $118,383.80 | $493.59 | $0.00 | $669.36 | $119,546.75 |
154 | $119,546.75 | $493.59 | $0.00 | $675.93 | $120,716.27 |
155 | $120,716.27 | $493.59 | $0.00 | $682.55 | $121,892.41 |
156 | $121,892.41 | $493.59 | $0.00 | $689.20 | $123,075.20 |
157 | $123,075.20 | $493.59 | $0.00 | $695.89 | $124,264.68 |
158 | $124,264.68 | $493.59 | $0.00 | $702.61 | $125,460.88 |
159 | $125,460.88 | $493.59 | $0.00 | $709.37 | $126,663.84 |
160 | $126,663.84 | $493.59 | $0.00 | $716.18 | $127,873.61 |
161 | $127,873.61 | $493.59 | $0.00 | $723.02 | $129,090.22 |
162 | $129,090.22 | $493.59 | $0.00 | $729.89 | $130,313.70 |
163 | $130,313.70 | $493.59 | $0.00 | $736.81 | $131,544.10 |
164 | $131,544.10 | $493.59 | $0.00 | $743.77 | $132,781.46 |
165 | $132,781.46 | $493.59 | $0.00 | $750.77 | $134,025.82 |
166 | $134,025.82 | $493.59 | $0.00 | $757.80 | $135,277.21 |
167 | $135,277.21 | $493.59 | $0.00 | $764.88 | $136,535.68 |
168 | $136,535.68 | $493.59 | $0.00 | $771.99 | $137,801.26 |
169 | $137,801.26 | $493.59 | $0.00 | $779.15 | $139,074.00 |
170 | $139,074.00 | $493.59 | $0.00 | $786.34 | $140,353.93 |
171 | $140,353.93 | $493.59 | $0.00 | $793.58 | $141,641.10 |
172 | $141,641.10 | $493.59 | $0.00 | $800.86 | $142,935.55 |
173 | $142,935.55 | $493.59 | $0.00 | $808.18 | $144,237.32 |
174 | $144,237.32 | $493.59 | $0.00 | $815.54 | $145,546.45 |
175 | $145,546.45 | $493.59 | $0.00 | $822.94 | $146,862.98 |
176 | $146,862.98 | $493.59 | $0.00 | $830.38 | $148,186.95 |
177 | $148,186.95 | $493.59 | $0.00 | $837.87 | $149,518.41 |
178 | $149,518.41 | $493.59 | $0.00 | $845.40 | $150,857.40 |
179 | $150,857.40 | $493.59 | $0.00 | $852.97 | $152,203.96 |
180 | $152,203.96 | $493.59 | $0.00 | $860.58 | $153,558.13 |
181 | $153,558.13 | $493.59 | $0.00 | $868.24 | $154,919.96 |
182 | $154,919.96 | $493.59 | $0.00 | $875.94 | $156,289.49 |
183 | $156,289.49 | $493.59 | $0.00 | $883.68 | $157,666.76 |
184 | $157,666.76 | $493.59 | $0.00 | $891.47 | $159,051.82 |
185 | $159,051.82 | $493.59 | $0.00 | $899.30 | $160,444.71 |
186 | $160,444.71 | $493.59 | $0.00 | $907.18 | $161,845.48 |
187 | $161,845.48 | $493.59 | $0.00 | $915.10 | $163,254.17 |
188 | $163,254.17 | $493.59 | $0.00 | $923.06 | $164,670.82 |
189 | $164,670.82 | $493.59 | $0.00 | $931.07 | $166,095.48 |
190 | $166,095.48 | $493.59 | $0.00 | $939.13 | $167,528.20 |
191 | $167,528.20 | $493.59 | $0.00 | $947.23 | $168,969.02 |
192 | $168,969.02 | $493.59 | $0.00 | $955.38 | $170,417.99 |
193 | $170,417.99 | $493.59 | $0.00 | $963.57 | $171,875.15 |
194 | $171,875.15 | $493.59 | $0.00 | $971.81 | $173,340.55 |
195 | $173,340.55 | $493.59 | $0.00 | $980.09 | $174,814.23 |
196 | $174,814.23 | $493.59 | $0.00 | $988.43 | $176,296.25 |
197 | $176,296.25 | $493.59 | $0.00 | $996.80 | $177,786.64 |
198 | $177,786.64 | $493.59 | $0.00 | $1,005.23 | $179,285.46 |
199 | $179,285.46 | $493.59 | $0.00 | $1,013.71 | $180,792.76 |
200 | $180,792.76 | $493.59 | $0.00 | $1,022.23 | $182,308.58 |
201 | $182,308.58 | $493.59 | $0.00 | $1,030.80 | $183,832.97 |
202 | $183,832.97 | $493.59 | $0.00 | $1,039.42 | $185,365.98 |
203 | $185,365.98 | $493.59 | $0.00 | $1,048.09 | $186,907.66 |
204 | $186,907.66 | $493.59 | $0.00 | $1,056.80 | $188,458.05 |
205 | $188,458.05 | $493.59 | $0.00 | $1,065.57 | $190,017.21 |
206 | $190,017.21 | $493.59 | $0.00 | $1,074.38 | $191,585.18 |
207 | $191,585.18 | $493.59 | $0.00 | $1,083.25 | $193,162.02 |
208 | $193,162.02 | $493.59 | $0.00 | $1,092.17 | $194,747.78 |
209 | $194,747.78 | $493.59 | $0.00 | $1,101.13 | $196,342.50 |
210 | $196,342.50 | $493.59 | $0.00 | $1,110.15 | $197,946.24 |
211 | $197,946.24 | $493.59 | $0.00 | $1,119.22 | $199,559.05 |
212 | $199,559.05 | $493.59 | $0.00 | $1,128.34 | $201,180.98 |
213 | $201,180.98 | $493.59 | $0.00 | $1,137.51 | $202,812.08 |
214 | $202,812.08 | $493.59 | $0.00 | $1,146.73 | $204,452.40 |
215 | $204,452.40 | $493.59 | $0.00 | $1,156.00 | $206,101.99 |
216 | $206,101.99 | $493.59 | $0.00 | $1,165.33 | $207,760.91 |
217 | $207,760.91 | $493.59 | $57,867.16 | $1,174.71 | $151,562.05 |
218 | $151,562.05 | $493.59 | $0.00 | $856.95 | $152,912.59 |
219 | $152,912.59 | $493.59 | $0.00 | $864.59 | $154,270.77 |
220 | $154,270.77 | $493.59 | $0.00 | $872.27 | $155,636.63 |
221 | $155,636.63 | $493.59 | $0.00 | $879.99 | $157,010.21 |
222 | $157,010.21 | $493.59 | $0.00 | $887.76 | $158,391.56 |
223 | $158,391.56 | $493.59 | $0.00 | $895.57 | $159,780.72 |
224 | $159,780.72 | $493.59 | $0.00 | $903.42 | $161,177.73 |
225 | $161,177.73 | $493.59 | $0.00 | $911.32 | $162,582.64 |
226 | $162,582.64 | $493.59 | $0.00 | $919.27 | $163,995.50 |
227 | $163,995.50 | $493.59 | $0.00 | $927.25 | $165,416.34 |
228 | $165,416.34 | $493.59 | $0.00 | $935.29 | $166,845.22 |
229 | $166,845.22 | $493.59 | $60,760.52 | $943.37 | $107,521.66 |
230 | $107,521.66 | $493.59 | $0.00 | $607.94 | $108,623.19 |
231 | $108,623.19 | $493.59 | $0.00 | $614.17 | $109,730.95 |
232 | $109,730.95 | $493.59 | $0.00 | $620.43 | $110,844.97 |
233 | $110,844.97 | $493.59 | $0.00 | $626.73 | $111,965.29 |
234 | $111,965.29 | $493.59 | $0.00 | $633.07 | $113,091.95 |
235 | $113,091.95 | $493.59 | $0.00 | $639.44 | $114,224.98 |
236 | $114,224.98 | $493.59 | $0.00 | $645.84 | $115,364.41 |
237 | $115,364.41 | $493.59 | $0.00 | $652.29 | $116,510.29 |
238 | $116,510.29 | $493.59 | $0.00 | $658.77 | $117,662.65 |
239 | $117,662.65 | $493.59 | $0.00 | $665.28 | $118,821.52 |
240 | $118,821.52 | $493.59 | $0.00 | $671.83 | $119,986.94 |
241 | $119,986.94 | $493.59 | $63,798.54 | $678.42 | $57,360.41 |
242 | $57,360.41 | $493.59 | $0.00 | $324.32 | $58,178.32 |
243 | $58,178.32 | $493.59 | $0.00 | $328.95 | $59,000.86 |
244 | $59,000.86 | $493.59 | $0.00 | $333.60 | $59,828.05 |
245 | $59,828.05 | $493.59 | $0.00 | $338.28 | $60,659.92 |
246 | $60,659.92 | $493.59 | $0.00 | $342.98 | $61,496.49 |
247 | $61,496.49 | $493.59 | $0.00 | $347.71 | $62,337.79 |
248 | $62,337.79 | $493.59 | $0.00 | $352.47 | $63,183.85 |
249 | $63,183.85 | $493.59 | $0.00 | $357.25 | $64,034.69 |
250 | $64,034.69 | $493.59 | $0.00 | $362.06 | $64,890.34 |
251 | $64,890.34 | $493.59 | $0.00 | $366.90 | $65,750.83 |
252 | $65,750.83 | $493.59 | $0.00 | $371.76 | $66,616.18 |
253 | $66,616.18 | $0.00 | $66,988.47 | $376.66 | $4.37 |