Savings Plan and Future Cost Estimation for Bowie State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$62,289
Monthly savings required$493

How much will it cost to send your child to Bowie State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $249,155.37 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $493.07 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$24,020.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Bowie State University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $493.07 $0.00 $0.00 $493.07
2 $493.07 $493.07 $0.00 $2.79 $988.93
3 $988.93 $493.07 $0.00 $5.59 $1,487.59
4 $1,487.59 $493.07 $0.00 $8.41 $1,989.07
5 $1,989.07 $493.07 $0.00 $11.25 $2,493.39
6 $2,493.39 $493.07 $0.00 $14.10 $3,000.56
7 $3,000.56 $493.07 $0.00 $16.97 $3,510.60
8 $3,510.60 $493.07 $0.00 $19.85 $4,023.52
9 $4,023.52 $493.07 $0.00 $22.75 $4,539.34
10 $4,539.34 $493.07 $0.00 $25.67 $5,058.08
11 $5,058.08 $493.07 $0.00 $28.60 $5,579.75
12 $5,579.75 $493.07 $0.00 $31.55 $6,104.37
13 $6,104.37 $493.07 $0.00 $34.51 $6,631.95
14 $6,631.95 $493.07 $0.00 $37.50 $7,162.52
15 $7,162.52 $493.07 $0.00 $40.50 $7,696.09
16 $7,696.09 $493.07 $0.00 $43.51 $8,232.67
17 $8,232.67 $493.07 $0.00 $46.55 $8,772.29
18 $8,772.29 $493.07 $0.00 $49.60 $9,314.96
19 $9,314.96 $493.07 $0.00 $52.67 $9,860.70
20 $9,860.70 $493.07 $0.00 $55.75 $10,409.52
21 $10,409.52 $493.07 $0.00 $58.86 $10,961.45
22 $10,961.45 $493.07 $0.00 $61.98 $11,516.50
23 $11,516.50 $493.07 $0.00 $65.12 $12,074.69
24 $12,074.69 $493.07 $0.00 $68.27 $12,636.03
25 $12,636.03 $493.07 $0.00 $71.45 $13,200.55
26 $13,200.55 $493.07 $0.00 $74.64 $13,768.26
27 $13,768.26 $493.07 $0.00 $77.85 $14,339.18
28 $14,339.18 $493.07 $0.00 $81.08 $14,913.33
29 $14,913.33 $493.07 $0.00 $84.32 $15,490.72
30 $15,490.72 $493.07 $0.00 $87.59 $16,071.38
31 $16,071.38 $493.07 $0.00 $90.87 $16,655.32
32 $16,655.32 $493.07 $0.00 $94.17 $17,242.56
33 $17,242.56 $493.07 $0.00 $97.49 $17,833.12
34 $17,833.12 $493.07 $0.00 $100.83 $18,427.02
35 $18,427.02 $493.07 $0.00 $104.19 $19,024.28
36 $19,024.28 $493.07 $0.00 $107.57 $19,624.92
37 $19,624.92 $493.07 $0.00 $110.96 $20,228.95
38 $20,228.95 $493.07 $0.00 $114.38 $20,836.40
39 $20,836.40 $493.07 $0.00 $117.81 $21,447.28
40 $21,447.28 $493.07 $0.00 $121.27 $22,061.62
41 $22,061.62 $493.07 $0.00 $124.74 $22,679.43
42 $22,679.43 $493.07 $0.00 $128.23 $23,300.73
43 $23,300.73 $493.07 $0.00 $131.75 $23,925.55
44 $23,925.55 $493.07 $0.00 $135.28 $24,553.90
45 $24,553.90 $493.07 $0.00 $138.83 $25,185.80
46 $25,185.80 $493.07 $0.00 $142.40 $25,821.27
47 $25,821.27 $493.07 $0.00 $146.00 $26,460.34
48 $26,460.34 $493.07 $0.00 $149.61 $27,103.02
49 $27,103.02 $493.07 $0.00 $153.24 $27,749.33
50 $27,749.33 $493.07 $0.00 $156.90 $28,399.30
51 $28,399.30 $493.07 $0.00 $160.57 $29,052.94
52 $29,052.94 $493.07 $0.00 $164.27 $29,710.28
53 $29,710.28 $493.07 $0.00 $167.99 $30,371.34
54 $30,371.34 $493.07 $0.00 $171.72 $31,036.13
55 $31,036.13 $493.07 $0.00 $175.48 $31,704.68
56 $31,704.68 $493.07 $0.00 $179.26 $32,377.01
57 $32,377.01 $493.07 $0.00 $183.06 $33,053.14
58 $33,053.14 $493.07 $0.00 $186.89 $33,733.10
59 $33,733.10 $493.07 $0.00 $190.73 $34,416.90
60 $34,416.90 $493.07 $0.00 $194.60 $35,104.57
61 $35,104.57 $493.07 $0.00 $198.49 $35,796.13
62 $35,796.13 $493.07 $0.00 $202.40 $36,491.60
63 $36,491.60 $493.07 $0.00 $206.33 $37,191.00
64 $37,191.00 $493.07 $0.00 $210.28 $37,894.35
65 $37,894.35 $493.07 $0.00 $214.26 $38,601.68
66 $38,601.68 $493.07 $0.00 $218.26 $39,313.01
67 $39,313.01 $493.07 $0.00 $222.28 $40,028.36
68 $40,028.36 $493.07 $0.00 $226.33 $40,747.76
69 $40,747.76 $493.07 $0.00 $230.39 $41,471.22
70 $41,471.22 $493.07 $0.00 $234.48 $42,198.77
71 $42,198.77 $493.07 $0.00 $238.60 $42,930.44
72 $42,930.44 $493.07 $0.00 $242.73 $43,666.24
73 $43,666.24 $493.07 $0.00 $246.90 $44,406.21
74 $44,406.21 $493.07 $0.00 $251.08 $45,150.36
75 $45,150.36 $493.07 $0.00 $255.29 $45,898.72
76 $45,898.72 $493.07 $0.00 $259.52 $46,651.31
77 $46,651.31 $493.07 $0.00 $263.77 $47,408.15
78 $47,408.15 $493.07 $0.00 $268.05 $48,169.27
79 $48,169.27 $493.07 $0.00 $272.36 $48,934.70
80 $48,934.70 $493.07 $0.00 $276.68 $49,704.45
81 $49,704.45 $493.07 $0.00 $281.04 $50,478.56
82 $50,478.56 $493.07 $0.00 $285.41 $51,257.04
83 $51,257.04 $493.07 $0.00 $289.81 $52,039.92
84 $52,039.92 $493.07 $0.00 $294.24 $52,827.23
85 $52,827.23 $493.07 $0.00 $298.69 $53,618.99
86 $53,618.99 $493.07 $0.00 $303.17 $54,415.23
87 $54,415.23 $493.07 $0.00 $307.67 $55,215.97
88 $55,215.97 $493.07 $0.00 $312.20 $56,021.24
89 $56,021.24 $493.07 $0.00 $316.75 $56,831.06
90 $56,831.06 $493.07 $0.00 $321.33 $57,645.46
91 $57,645.46 $493.07 $0.00 $325.94 $58,464.47
92 $58,464.47 $493.07 $0.00 $330.57 $59,288.11
93 $59,288.11 $493.07 $0.00 $335.22 $60,116.40
94 $60,116.40 $493.07 $0.00 $339.91 $60,949.38
95 $60,949.38 $493.07 $0.00 $344.62 $61,787.07
96 $61,787.07 $493.07 $0.00 $349.35 $62,629.49
97 $62,629.49 $493.07 $0.00 $354.12 $63,476.68
98 $63,476.68 $493.07 $0.00 $358.91 $64,328.66
99 $64,328.66 $493.07 $0.00 $363.72 $65,185.45
100 $65,185.45 $493.07 $0.00 $368.57 $66,047.09
101 $66,047.09 $493.07 $0.00 $373.44 $66,913.60
102 $66,913.60 $493.07 $0.00 $378.34 $67,785.01
103 $67,785.01 $493.07 $0.00 $383.27 $68,661.35
104 $68,661.35 $493.07 $0.00 $388.22 $69,542.64
105 $69,542.64 $493.07 $0.00 $393.20 $70,428.91
106 $70,428.91 $493.07 $0.00 $398.22 $71,320.20
107 $71,320.20 $493.07 $0.00 $403.25 $72,216.52
108 $72,216.52 $493.07 $0.00 $408.32 $73,117.91
109 $73,117.91 $493.07 $0.00 $413.42 $74,024.40
110 $74,024.40 $493.07 $0.00 $418.54 $74,936.01
111 $74,936.01 $493.07 $0.00 $423.70 $75,852.78
112 $75,852.78 $493.07 $0.00 $428.88 $76,774.73
113 $76,774.73 $493.07 $0.00 $434.10 $77,701.90
114 $77,701.90 $493.07 $0.00 $439.34 $78,634.31
115 $78,634.31 $493.07 $0.00 $444.61 $79,571.99
116 $79,571.99 $493.07 $0.00 $449.91 $80,514.97
117 $80,514.97 $493.07 $0.00 $455.24 $81,463.28
118 $81,463.28 $493.07 $0.00 $460.61 $82,416.96
119 $82,416.96 $493.07 $0.00 $466.00 $83,376.03
120 $83,376.03 $493.07 $0.00 $471.42 $84,340.52
121 $84,340.52 $493.07 $0.00 $476.87 $85,310.46
122 $85,310.46 $493.07 $0.00 $482.36 $86,285.89
123 $86,285.89 $493.07 $0.00 $487.87 $87,266.83
124 $87,266.83 $493.07 $0.00 $493.42 $88,253.32
125 $88,253.32 $493.07 $0.00 $499.00 $89,245.39
126 $89,245.39 $493.07 $0.00 $504.61 $90,243.07
127 $90,243.07 $493.07 $0.00 $510.25 $91,246.39
128 $91,246.39 $493.07 $0.00 $515.92 $92,255.38
129 $92,255.38 $493.07 $0.00 $521.63 $93,270.08
130 $93,270.08 $493.07 $0.00 $527.36 $94,290.51
131 $94,290.51 $493.07 $0.00 $533.13 $95,316.71
132 $95,316.71 $493.07 $0.00 $538.93 $96,348.71
133 $96,348.71 $493.07 $0.00 $544.77 $97,386.55
134 $97,386.55 $493.07 $0.00 $550.64 $98,430.26
135 $98,430.26 $493.07 $0.00 $556.54 $99,479.87
136 $99,479.87 $493.07 $0.00 $562.47 $100,535.41
137 $100,535.41 $493.07 $0.00 $568.44 $101,596.92
138 $101,596.92 $493.07 $0.00 $574.44 $102,664.43
139 $102,664.43 $493.07 $0.00 $580.48 $103,737.98
140 $103,737.98 $493.07 $0.00 $586.55 $104,817.60
141 $104,817.60 $493.07 $0.00 $592.65 $105,903.32
142 $105,903.32 $493.07 $0.00 $598.79 $106,995.18
143 $106,995.18 $493.07 $0.00 $604.97 $108,093.22
144 $108,093.22 $493.07 $0.00 $611.17 $109,197.46
145 $109,197.46 $493.07 $0.00 $617.42 $110,307.95
146 $110,307.95 $493.07 $0.00 $623.70 $111,424.72
147 $111,424.72 $493.07 $0.00 $630.01 $112,547.80
148 $112,547.80 $493.07 $0.00 $636.36 $113,677.23
149 $113,677.23 $493.07 $0.00 $642.75 $114,813.05
150 $114,813.05 $493.07 $0.00 $649.17 $115,955.29
151 $115,955.29 $493.07 $0.00 $655.63 $117,103.99
152 $117,103.99 $493.07 $0.00 $662.12 $118,259.18
153 $118,259.18 $493.07 $0.00 $668.65 $119,420.90
154 $119,420.90 $493.07 $0.00 $675.22 $120,589.19
155 $120,589.19 $493.07 $0.00 $681.83 $121,764.09
156 $121,764.09 $493.07 $0.00 $688.47 $122,945.63
157 $122,945.63 $493.07 $0.00 $695.15 $124,133.85
158 $124,133.85 $493.07 $0.00 $701.87 $125,328.79
159 $125,328.79 $493.07 $0.00 $708.63 $126,530.49
160 $126,530.49 $493.07 $0.00 $715.42 $127,738.98
161 $127,738.98 $493.07 $0.00 $722.25 $128,954.30
162 $128,954.30 $493.07 $0.00 $729.13 $130,176.50
163 $130,176.50 $493.07 $0.00 $736.04 $131,405.61
164 $131,405.61 $493.07 $0.00 $742.99 $132,641.67
165 $132,641.67 $493.07 $0.00 $749.98 $133,884.72
166 $133,884.72 $493.07 $0.00 $757.00 $135,134.79
167 $135,134.79 $493.07 $0.00 $764.07 $136,391.93
168 $136,391.93 $493.07 $0.00 $771.18 $137,656.18
169 $137,656.18 $493.07 $0.00 $778.33 $138,927.58
170 $138,927.58 $493.07 $0.00 $785.52 $140,206.17
171 $140,206.17 $493.07 $0.00 $792.75 $141,491.99
172 $141,491.99 $493.07 $0.00 $800.02 $142,785.08
173 $142,785.08 $493.07 $0.00 $807.33 $144,085.48
174 $144,085.48 $493.07 $0.00 $814.68 $145,393.23
175 $145,393.23 $493.07 $0.00 $822.07 $146,708.37
176 $146,708.37 $493.07 $0.00 $829.51 $148,030.95
177 $148,030.95 $493.07 $0.00 $836.99 $149,361.01
178 $149,361.01 $493.07 $0.00 $844.51 $150,698.59
179 $150,698.59 $493.07 $0.00 $852.07 $152,043.73
180 $152,043.73 $493.07 $0.00 $859.68 $153,396.48
181 $153,396.48 $493.07 $0.00 $867.33 $154,756.88
182 $154,756.88 $493.07 $0.00 $875.02 $156,124.97
183 $156,124.97 $493.07 $0.00 $882.75 $157,500.79
184 $157,500.79 $493.07 $0.00 $890.53 $158,884.39
185 $158,884.39 $493.07 $0.00 $898.36 $160,275.82
186 $160,275.82 $493.07 $0.00 $906.22 $161,675.11
187 $161,675.11 $493.07 $0.00 $914.13 $163,082.31
188 $163,082.31 $493.07 $0.00 $922.09 $164,497.47
189 $164,497.47 $493.07 $0.00 $930.09 $165,920.63
190 $165,920.63 $493.07 $0.00 $938.14 $167,351.84
191 $167,351.84 $493.07 $0.00 $946.23 $168,791.14
192 $168,791.14 $493.07 $0.00 $954.37 $170,238.58
193 $170,238.58 $493.07 $0.00 $962.55 $171,694.20
194 $171,694.20 $493.07 $0.00 $970.78 $173,158.05
195 $173,158.05 $493.07 $0.00 $979.06 $174,630.18
196 $174,630.18 $493.07 $0.00 $987.38 $176,110.63
197 $176,110.63 $493.07 $0.00 $995.76 $177,599.46
198 $177,599.46 $493.07 $0.00 $1,004.17 $179,096.70
199 $179,096.70 $493.07 $0.00 $1,012.64 $180,602.41
200 $180,602.41 $493.07 $0.00 $1,021.15 $182,116.63
201 $182,116.63 $493.07 $0.00 $1,029.71 $183,639.41
202 $183,639.41 $493.07 $0.00 $1,038.32 $185,170.80
203 $185,170.80 $493.07 $0.00 $1,046.98 $186,710.85
204 $186,710.85 $493.07 $0.00 $1,055.69 $188,259.61
205 $188,259.61 $493.07 $0.00 $1,064.45 $189,817.13
206 $189,817.13 $493.07 $0.00 $1,073.25 $191,383.45
207 $191,383.45 $493.07 $0.00 $1,082.11 $192,958.63
208 $192,958.63 $493.07 $0.00 $1,091.02 $194,542.72
209 $194,542.72 $493.07 $0.00 $1,099.97 $196,135.76
210 $196,135.76 $493.07 $0.00 $1,108.98 $197,737.81
211 $197,737.81 $493.07 $0.00 $1,118.04 $199,348.92
212 $199,348.92 $493.07 $0.00 $1,127.15 $200,969.14
213 $200,969.14 $493.07 $0.00 $1,136.31 $202,598.52
214 $202,598.52 $493.07 $0.00 $1,145.52 $204,237.11
215 $204,237.11 $493.07 $0.00 $1,154.79 $205,884.97
216 $205,884.97 $493.07 $0.00 $1,164.10 $207,542.14
217 $207,542.14 $493.07 $57,806.99 $1,173.47 $151,401.69
218 $151,401.69 $493.07 $0.00 $856.05 $152,750.81
219 $152,750.81 $493.07 $0.00 $863.68 $154,107.56
220 $154,107.56 $493.07 $0.00 $871.35 $155,471.98
221 $155,471.98 $493.07 $0.00 $879.06 $156,844.11
222 $156,844.11 $493.07 $0.00 $886.82 $158,224.00
223 $158,224.00 $493.07 $0.00 $894.62 $159,611.69
224 $159,611.69 $493.07 $0.00 $902.47 $161,007.23
225 $161,007.23 $493.07 $0.00 $910.36 $162,410.66
226 $162,410.66 $493.07 $0.00 $918.29 $163,822.02
227 $163,822.02 $493.07 $0.00 $926.27 $165,241.36
228 $165,241.36 $493.07 $0.00 $934.30 $166,668.73
229 $166,668.73 $493.07 $60,697.34 $942.37 $107,406.83
230 $107,406.83 $493.07 $0.00 $607.29 $108,507.19
231 $108,507.19 $493.07 $0.00 $613.52 $109,613.78
232 $109,613.78 $493.07 $0.00 $619.77 $110,726.62
233 $110,726.62 $493.07 $0.00 $626.06 $111,845.75
234 $111,845.75 $493.07 $0.00 $632.39 $112,971.21
235 $112,971.21 $493.07 $0.00 $638.76 $114,103.04
236 $114,103.04 $493.07 $0.00 $645.16 $115,241.27
237 $115,241.27 $493.07 $0.00 $651.59 $116,385.93
238 $116,385.93 $493.07 $0.00 $658.06 $117,537.06
239 $117,537.06 $493.07 $0.00 $664.57 $118,694.70
240 $118,694.70 $493.07 $0.00 $671.12 $119,858.89
241 $119,858.89 $493.07 $63,732.21 $677.70 $57,297.45
242 $57,297.45 $493.07 $0.00 $323.97 $58,114.49
243 $58,114.49 $493.07 $0.00 $328.59 $58,936.15
244 $58,936.15 $493.07 $0.00 $333.23 $59,762.45
245 $59,762.45 $493.07 $0.00 $337.91 $60,593.43
246 $60,593.43 $493.07 $0.00 $342.60 $61,429.10
247 $61,429.10 $493.07 $0.00 $347.33 $62,269.50
248 $62,269.50 $493.07 $0.00 $352.08 $63,114.65
249 $63,114.65 $493.07 $0.00 $356.86 $63,964.58
250 $63,964.58 $493.07 $0.00 $361.67 $64,819.32
251 $64,819.32 $493.07 $0.00 $366.50 $65,678.89
252 $65,678.89 $493.07 $0.00 $371.36 $66,543.32
253 $66,543.32 $0.00 $66,918.82 $376.25 $0.75