Savings Plan and Future Cost Estimation for Mount St Mary's University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$236,131
Monthly savings required$1,866

How much will it cost to send your child to Mount St Mary's University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $944,522.12 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,866.20 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$62,940.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,866.20 $0.00 $0.00 $1,866.20
2 $1,866.20 $1,866.20 $0.00 $10.55 $3,742.95
3 $3,742.95 $1,866.20 $0.00 $21.16 $5,630.31
4 $5,630.31 $1,866.20 $0.00 $31.83 $7,528.34
5 $7,528.34 $1,866.20 $0.00 $42.57 $9,437.11
6 $9,437.11 $1,866.20 $0.00 $53.36 $11,356.67
7 $11,356.67 $1,866.20 $0.00 $64.21 $13,287.08
8 $13,287.08 $1,866.20 $0.00 $75.13 $15,228.41
9 $15,228.41 $1,866.20 $0.00 $86.10 $17,180.71
10 $17,180.71 $1,866.20 $0.00 $97.14 $19,144.05
11 $19,144.05 $1,866.20 $0.00 $108.24 $21,118.49
12 $21,118.49 $1,866.20 $0.00 $119.41 $23,104.10
13 $23,104.10 $1,866.20 $0.00 $130.63 $25,100.93
14 $25,100.93 $1,866.20 $0.00 $141.92 $27,109.05
15 $27,109.05 $1,866.20 $0.00 $153.28 $29,128.53
16 $29,128.53 $1,866.20 $0.00 $164.70 $31,159.43
17 $31,159.43 $1,866.20 $0.00 $176.18 $33,201.81
18 $33,201.81 $1,866.20 $0.00 $187.73 $35,255.74
19 $35,255.74 $1,866.20 $0.00 $199.34 $37,321.28
20 $37,321.28 $1,866.20 $0.00 $211.02 $39,398.50
21 $39,398.50 $1,866.20 $0.00 $222.76 $41,487.46
22 $41,487.46 $1,866.20 $0.00 $234.58 $43,588.24
23 $43,588.24 $1,866.20 $0.00 $246.45 $45,700.89
24 $45,700.89 $1,866.20 $0.00 $258.40 $47,825.49
25 $47,825.49 $1,866.20 $0.00 $270.41 $49,962.10
26 $49,962.10 $1,866.20 $0.00 $282.49 $52,110.79
27 $52,110.79 $1,866.20 $0.00 $294.64 $54,271.63
28 $54,271.63 $1,866.20 $0.00 $306.86 $56,444.69
29 $56,444.69 $1,866.20 $0.00 $319.15 $58,630.04
30 $58,630.04 $1,866.20 $0.00 $331.50 $60,827.74
31 $60,827.74 $1,866.20 $0.00 $343.93 $63,037.87
32 $63,037.87 $1,866.20 $0.00 $356.43 $65,260.50
33 $65,260.50 $1,866.20 $0.00 $368.99 $67,495.69
34 $67,495.69 $1,866.20 $0.00 $381.63 $69,743.52
35 $69,743.52 $1,866.20 $0.00 $394.34 $72,004.06
36 $72,004.06 $1,866.20 $0.00 $407.12 $74,277.38
37 $74,277.38 $1,866.20 $0.00 $419.98 $76,563.56
38 $76,563.56 $1,866.20 $0.00 $432.90 $78,862.66
39 $78,862.66 $1,866.20 $0.00 $445.90 $81,174.76
40 $81,174.76 $1,866.20 $0.00 $458.97 $83,499.93
41 $83,499.93 $1,866.20 $0.00 $472.12 $85,838.25
42 $85,838.25 $1,866.20 $0.00 $485.34 $88,189.79
43 $88,189.79 $1,866.20 $0.00 $498.64 $90,554.63
44 $90,554.63 $1,866.20 $0.00 $512.01 $92,932.84
45 $92,932.84 $1,866.20 $0.00 $525.46 $95,324.50
46 $95,324.50 $1,866.20 $0.00 $538.98 $97,729.68
47 $97,729.68 $1,866.20 $0.00 $552.58 $100,148.46
48 $100,148.46 $1,866.20 $0.00 $566.25 $102,580.91
49 $102,580.91 $1,866.20 $0.00 $580.01 $105,027.12
50 $105,027.12 $1,866.20 $0.00 $593.84 $107,487.16
51 $107,487.16 $1,866.20 $0.00 $607.75 $109,961.11
52 $109,961.11 $1,866.20 $0.00 $621.74 $112,449.05
53 $112,449.05 $1,866.20 $0.00 $635.80 $114,951.05
54 $114,951.05 $1,866.20 $0.00 $649.95 $117,467.20
55 $117,467.20 $1,866.20 $0.00 $664.18 $119,997.58
56 $119,997.58 $1,866.20 $0.00 $678.48 $122,542.26
57 $122,542.26 $1,866.20 $0.00 $692.87 $125,101.33
58 $125,101.33 $1,866.20 $0.00 $707.34 $127,674.87
59 $127,674.87 $1,866.20 $0.00 $721.89 $130,262.96
60 $130,262.96 $1,866.20 $0.00 $736.53 $132,865.69
61 $132,865.69 $1,866.20 $0.00 $751.24 $135,483.13
62 $135,483.13 $1,866.20 $0.00 $766.04 $138,115.37
63 $138,115.37 $1,866.20 $0.00 $780.92 $140,762.49
64 $140,762.49 $1,866.20 $0.00 $795.89 $143,424.58
65 $143,424.58 $1,866.20 $0.00 $810.94 $146,101.72
66 $146,101.72 $1,866.20 $0.00 $826.08 $148,794.00
67 $148,794.00 $1,866.20 $0.00 $841.30 $151,501.50
68 $151,501.50 $1,866.20 $0.00 $856.61 $154,224.31
69 $154,224.31 $1,866.20 $0.00 $872.01 $156,962.52
70 $156,962.52 $1,866.20 $0.00 $887.49 $159,716.21
71 $159,716.21 $1,866.20 $0.00 $903.06 $162,485.47
72 $162,485.47 $1,866.20 $0.00 $918.72 $165,270.39
73 $165,270.39 $1,866.20 $0.00 $934.46 $168,071.05
74 $168,071.05 $1,866.20 $0.00 $950.30 $170,887.55
75 $170,887.55 $1,866.20 $0.00 $966.22 $173,719.97
76 $173,719.97 $1,866.20 $0.00 $982.24 $176,568.41
77 $176,568.41 $1,866.20 $0.00 $998.34 $179,432.95
78 $179,432.95 $1,866.20 $0.00 $1,014.54 $182,313.69
79 $182,313.69 $1,866.20 $0.00 $1,030.83 $185,210.72
80 $185,210.72 $1,866.20 $0.00 $1,047.21 $188,124.13
81 $188,124.13 $1,866.20 $0.00 $1,063.68 $191,054.01
82 $191,054.01 $1,866.20 $0.00 $1,080.25 $194,000.46
83 $194,000.46 $1,866.20 $0.00 $1,096.91 $196,963.57
84 $196,963.57 $1,866.20 $0.00 $1,113.66 $199,943.43
85 $199,943.43 $1,866.20 $0.00 $1,130.51 $202,940.14
86 $202,940.14 $1,866.20 $0.00 $1,147.45 $205,953.79
87 $205,953.79 $1,866.20 $0.00 $1,164.49 $208,984.48
88 $208,984.48 $1,866.20 $0.00 $1,181.63 $212,032.31
89 $212,032.31 $1,866.20 $0.00 $1,198.86 $215,097.37
90 $215,097.37 $1,866.20 $0.00 $1,216.19 $218,179.76
91 $218,179.76 $1,866.20 $0.00 $1,233.62 $221,279.58
92 $221,279.58 $1,866.20 $0.00 $1,251.15 $224,396.93
93 $224,396.93 $1,866.20 $0.00 $1,268.77 $227,531.90
94 $227,531.90 $1,866.20 $0.00 $1,286.50 $230,684.60
95 $230,684.60 $1,866.20 $0.00 $1,304.32 $233,855.12
96 $233,855.12 $1,866.20 $0.00 $1,322.25 $237,043.57
97 $237,043.57 $1,866.20 $0.00 $1,340.28 $240,250.05
98 $240,250.05 $1,866.20 $0.00 $1,358.41 $243,474.66
99 $243,474.66 $1,866.20 $0.00 $1,376.64 $246,717.50
100 $246,717.50 $1,866.20 $0.00 $1,394.98 $249,978.68
101 $249,978.68 $1,866.20 $0.00 $1,413.42 $253,258.30
102 $253,258.30 $1,866.20 $0.00 $1,431.96 $256,556.46
103 $256,556.46 $1,866.20 $0.00 $1,450.61 $259,873.27
104 $259,873.27 $1,866.20 $0.00 $1,469.36 $263,208.83
105 $263,208.83 $1,866.20 $0.00 $1,488.22 $266,563.25
106 $266,563.25 $1,866.20 $0.00 $1,507.19 $269,936.64
107 $269,936.64 $1,866.20 $0.00 $1,526.26 $273,329.10
108 $273,329.10 $1,866.20 $0.00 $1,545.44 $276,740.74
109 $276,740.74 $1,866.20 $0.00 $1,564.73 $280,171.67
110 $280,171.67 $1,866.20 $0.00 $1,584.13 $283,622.00
111 $283,622.00 $1,866.20 $0.00 $1,603.64 $287,091.84
112 $287,091.84 $1,866.20 $0.00 $1,623.26 $290,581.30
113 $290,581.30 $1,866.20 $0.00 $1,642.99 $294,090.49
114 $294,090.49 $1,866.20 $0.00 $1,662.83 $297,619.52
115 $297,619.52 $1,866.20 $0.00 $1,682.78 $301,168.50
116 $301,168.50 $1,866.20 $0.00 $1,702.85 $304,737.55
117 $304,737.55 $1,866.20 $0.00 $1,723.03 $308,326.78
118 $308,326.78 $1,866.20 $0.00 $1,743.32 $311,936.30
119 $311,936.30 $1,866.20 $0.00 $1,763.73 $315,566.23
120 $315,566.23 $1,866.20 $0.00 $1,784.26 $319,216.69
121 $319,216.69 $1,866.20 $0.00 $1,804.90 $322,887.79
122 $322,887.79 $1,866.20 $0.00 $1,825.65 $326,579.64
123 $326,579.64 $1,866.20 $0.00 $1,846.53 $330,292.37
124 $330,292.37 $1,866.20 $0.00 $1,867.52 $334,026.09
125 $334,026.09 $1,866.20 $0.00 $1,888.63 $337,780.92
126 $337,780.92 $1,866.20 $0.00 $1,909.86 $341,556.98
127 $341,556.98 $1,866.20 $0.00 $1,931.21 $345,354.39
128 $345,354.39 $1,866.20 $0.00 $1,952.68 $349,173.27
129 $349,173.27 $1,866.20 $0.00 $1,974.28 $353,013.75
130 $353,013.75 $1,866.20 $0.00 $1,995.99 $356,875.94
131 $356,875.94 $1,866.20 $0.00 $2,017.83 $360,759.97
132 $360,759.97 $1,866.20 $0.00 $2,039.79 $364,665.96
133 $364,665.96 $1,866.20 $0.00 $2,061.87 $368,594.03
134 $368,594.03 $1,866.20 $0.00 $2,084.08 $372,544.31
135 $372,544.31 $1,866.20 $0.00 $2,106.42 $376,516.93
136 $376,516.93 $1,866.20 $0.00 $2,128.88 $380,512.01
137 $380,512.01 $1,866.20 $0.00 $2,151.47 $384,529.68
138 $384,529.68 $1,866.20 $0.00 $2,174.19 $388,570.07
139 $388,570.07 $1,866.20 $0.00 $2,197.03 $392,633.30
140 $392,633.30 $1,866.20 $0.00 $2,220.01 $396,719.51
141 $396,719.51 $1,866.20 $0.00 $2,243.11 $400,828.82
142 $400,828.82 $1,866.20 $0.00 $2,266.34 $404,961.36
143 $404,961.36 $1,866.20 $0.00 $2,289.71 $409,117.27
144 $409,117.27 $1,866.20 $0.00 $2,313.21 $413,296.68
145 $413,296.68 $1,866.20 $0.00 $2,336.84 $417,499.72
146 $417,499.72 $1,866.20 $0.00 $2,360.60 $421,726.52
147 $421,726.52 $1,866.20 $0.00 $2,384.50 $425,977.22
148 $425,977.22 $1,866.20 $0.00 $2,408.54 $430,251.96
149 $430,251.96 $1,866.20 $0.00 $2,432.71 $434,550.87
150 $434,550.87 $1,866.20 $0.00 $2,457.01 $438,874.08
151 $438,874.08 $1,866.20 $0.00 $2,481.46 $443,221.74
152 $443,221.74 $1,866.20 $0.00 $2,506.04 $447,593.98
153 $447,593.98 $1,866.20 $0.00 $2,530.76 $451,990.94
154 $451,990.94 $1,866.20 $0.00 $2,555.62 $456,412.76
155 $456,412.76 $1,866.20 $0.00 $2,580.62 $460,859.58
156 $460,859.58 $1,866.20 $0.00 $2,605.77 $465,331.55
157 $465,331.55 $1,866.20 $0.00 $2,631.05 $469,828.80
158 $469,828.80 $1,866.20 $0.00 $2,656.48 $474,351.48
159 $474,351.48 $1,866.20 $0.00 $2,682.05 $478,899.73
160 $478,899.73 $1,866.20 $0.00 $2,707.77 $483,473.70
161 $483,473.70 $1,866.20 $0.00 $2,733.63 $488,073.53
162 $488,073.53 $1,866.20 $0.00 $2,759.64 $492,699.37
163 $492,699.37 $1,866.20 $0.00 $2,785.79 $497,351.36
164 $497,351.36 $1,866.20 $0.00 $2,812.10 $502,029.66
165 $502,029.66 $1,866.20 $0.00 $2,838.55 $506,734.41
166 $506,734.41 $1,866.20 $0.00 $2,865.15 $511,465.76
167 $511,465.76 $1,866.20 $0.00 $2,891.90 $516,223.86
168 $516,223.86 $1,866.20 $0.00 $2,918.80 $521,008.86
169 $521,008.86 $1,866.20 $0.00 $2,945.86 $525,820.92
170 $525,820.92 $1,866.20 $0.00 $2,973.07 $530,660.19
171 $530,660.19 $1,866.20 $0.00 $3,000.43 $535,526.82
172 $535,526.82 $1,866.20 $0.00 $3,027.95 $540,420.97
173 $540,420.97 $1,866.20 $0.00 $3,055.62 $545,342.79
174 $545,342.79 $1,866.20 $0.00 $3,083.45 $550,292.44
175 $550,292.44 $1,866.20 $0.00 $3,111.43 $555,270.07
176 $555,270.07 $1,866.20 $0.00 $3,139.58 $560,275.85
177 $560,275.85 $1,866.20 $0.00 $3,167.88 $565,309.93
178 $565,309.93 $1,866.20 $0.00 $3,196.34 $570,372.47
179 $570,372.47 $1,866.20 $0.00 $3,224.97 $575,463.64
180 $575,463.64 $1,866.20 $0.00 $3,253.76 $580,583.60
181 $580,583.60 $1,866.20 $0.00 $3,282.70 $585,732.50
182 $585,732.50 $1,866.20 $0.00 $3,311.82 $590,910.52
183 $590,910.52 $1,866.20 $0.00 $3,341.09 $596,117.81
184 $596,117.81 $1,866.20 $0.00 $3,370.54 $601,354.55
185 $601,354.55 $1,866.20 $0.00 $3,400.15 $606,620.90
186 $606,620.90 $1,866.20 $0.00 $3,429.92 $611,917.02
187 $611,917.02 $1,866.20 $0.00 $3,459.87 $617,243.09
188 $617,243.09 $1,866.20 $0.00 $3,489.98 $622,599.27
189 $622,599.27 $1,866.20 $0.00 $3,520.27 $627,985.74
190 $627,985.74 $1,866.20 $0.00 $3,550.72 $633,402.66
191 $633,402.66 $1,866.20 $0.00 $3,581.35 $638,850.21
192 $638,850.21 $1,866.20 $0.00 $3,612.15 $644,328.56
193 $644,328.56 $1,866.20 $0.00 $3,643.13 $649,837.89
194 $649,837.89 $1,866.20 $0.00 $3,674.28 $655,378.37
195 $655,378.37 $1,866.20 $0.00 $3,705.60 $660,950.17
196 $660,950.17 $1,866.20 $0.00 $3,737.11 $666,553.48
197 $666,553.48 $1,866.20 $0.00 $3,768.79 $672,188.47
198 $672,188.47 $1,866.20 $0.00 $3,800.65 $677,855.32
199 $677,855.32 $1,866.20 $0.00 $3,832.69 $683,554.21
200 $683,554.21 $1,866.20 $0.00 $3,864.91 $689,285.32
201 $689,285.32 $1,866.20 $0.00 $3,897.32 $695,048.84
202 $695,048.84 $1,866.20 $0.00 $3,929.91 $700,844.95
203 $700,844.95 $1,866.20 $0.00 $3,962.68 $706,673.83
204 $706,673.83 $1,866.20 $0.00 $3,995.64 $712,535.67
205 $712,535.67 $1,866.20 $0.00 $4,028.78 $718,430.65
206 $718,430.65 $1,866.20 $0.00 $4,062.11 $724,358.96
207 $724,358.96 $1,866.20 $0.00 $4,095.63 $730,320.79
208 $730,320.79 $1,866.20 $0.00 $4,129.34 $736,316.33
209 $736,316.33 $1,866.20 $0.00 $4,163.24 $742,345.77
210 $742,345.77 $1,866.20 $0.00 $4,197.33 $748,409.30
211 $748,409.30 $1,866.20 $0.00 $4,231.61 $754,507.11
212 $754,507.11 $1,866.20 $0.00 $4,266.09 $760,639.40
213 $760,639.40 $1,866.20 $0.00 $4,300.77 $766,806.37
214 $766,806.37 $1,866.20 $0.00 $4,335.63 $773,008.20
215 $773,008.20 $1,866.20 $0.00 $4,370.70 $779,245.10
216 $779,245.10 $1,866.20 $0.00 $4,405.97 $785,517.27
217 $785,517.27 $1,866.20 $212,732.94 $4,441.43 $579,091.96
218 $579,091.96 $1,866.20 $0.00 $3,274.27 $584,232.43
219 $584,232.43 $1,866.20 $0.00 $3,303.34 $589,401.97
220 $589,401.97 $1,866.20 $0.00 $3,332.56 $594,600.73
221 $594,600.73 $1,866.20 $0.00 $3,361.96 $599,828.89
222 $599,828.89 $1,866.20 $0.00 $3,391.52 $605,086.61
223 $605,086.61 $1,866.20 $0.00 $3,421.25 $610,374.06
224 $610,374.06 $1,866.20 $0.00 $3,451.14 $615,691.40
225 $615,691.40 $1,866.20 $0.00 $3,481.21 $621,038.81
226 $621,038.81 $1,866.20 $0.00 $3,511.44 $626,416.45
227 $626,416.45 $1,866.20 $0.00 $3,541.85 $631,824.50
228 $631,824.50 $1,866.20 $0.00 $3,572.43 $637,263.13
229 $637,263.13 $1,866.20 $227,624.24 $3,603.18 $415,108.27
230 $415,108.27 $1,866.20 $0.00 $2,347.08 $419,321.55
231 $419,321.55 $1,866.20 $0.00 $2,370.91 $423,558.66
232 $423,558.66 $1,866.20 $0.00 $2,394.86 $427,819.72
233 $427,819.72 $1,866.20 $0.00 $2,418.95 $432,104.87
234 $432,104.87 $1,866.20 $0.00 $2,443.18 $436,414.25
235 $436,414.25 $1,866.20 $0.00 $2,467.55 $440,748.00
236 $440,748.00 $1,866.20 $0.00 $2,492.05 $445,106.25
237 $445,106.25 $1,866.20 $0.00 $2,516.70 $449,489.15
238 $449,489.15 $1,866.20 $0.00 $2,541.48 $453,896.83
239 $453,896.83 $1,866.20 $0.00 $2,566.40 $458,329.43
240 $458,329.43 $1,866.20 $0.00 $2,591.46 $462,787.09
241 $462,787.09 $1,866.20 $243,557.94 $2,616.67 $223,712.02
242 $223,712.02 $1,866.20 $0.00 $1,264.90 $226,843.12
243 $226,843.12 $1,866.20 $0.00 $1,282.60 $229,991.92
244 $229,991.92 $1,866.20 $0.00 $1,300.41 $233,158.53
245 $233,158.53 $1,866.20 $0.00 $1,318.31 $236,343.04
246 $236,343.04 $1,866.20 $0.00 $1,336.32 $239,545.56
247 $239,545.56 $1,866.20 $0.00 $1,354.43 $242,766.19
248 $242,766.19 $1,866.20 $0.00 $1,372.64 $246,005.03
249 $246,005.03 $1,866.20 $0.00 $1,390.95 $249,262.18
250 $249,262.18 $1,866.20 $0.00 $1,409.36 $252,537.74
251 $252,537.74 $1,866.20 $0.00 $1,427.89 $255,831.83
252 $255,831.83 $1,866.20 $0.00 $1,446.51 $259,144.54
253 $259,144.54 $0.00 $260,607.00 $1,465.24 $2.78