Savings Plan and Future Cost Estimation for Towson University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$107,748
Monthly savings required$852

How much will it cost to send your child to Towson University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $430,992.61 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $851.56 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$28,720.00
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 $851.56 $0.00 $0.00 $851.56
2 $851.56 $851.56 $0.00 $4.81 $1,707.93
3 $1,707.93 $851.56 $0.00 $9.66 $2,569.15
4 $2,569.15 $851.56 $0.00 $14.53 $3,435.24
5 $3,435.24 $851.56 $0.00 $19.42 $4,306.22
6 $4,306.22 $851.56 $0.00 $24.35 $5,182.13
7 $5,182.13 $851.56 $0.00 $29.30 $6,062.99
8 $6,062.99 $851.56 $0.00 $34.28 $6,948.83
9 $6,948.83 $851.56 $0.00 $39.29 $7,839.68
10 $7,839.68 $851.56 $0.00 $44.33 $8,735.57
11 $8,735.57 $851.56 $0.00 $49.39 $9,636.52
12 $9,636.52 $851.56 $0.00 $54.49 $10,542.57
13 $10,542.57 $851.56 $0.00 $59.61 $11,453.74
14 $11,453.74 $851.56 $0.00 $64.76 $12,370.06
15 $12,370.06 $851.56 $0.00 $69.94 $13,291.56
16 $13,291.56 $851.56 $0.00 $75.15 $14,218.27
17 $14,218.27 $851.56 $0.00 $80.39 $15,150.22
18 $15,150.22 $851.56 $0.00 $85.66 $16,087.44
19 $16,087.44 $851.56 $0.00 $90.96 $17,029.96
20 $17,029.96 $851.56 $0.00 $96.29 $17,977.81
21 $17,977.81 $851.56 $0.00 $101.65 $18,931.02
22 $18,931.02 $851.56 $0.00 $107.04 $19,889.62
23 $19,889.62 $851.56 $0.00 $112.46 $20,853.64
24 $20,853.64 $851.56 $0.00 $117.91 $21,823.11
25 $21,823.11 $851.56 $0.00 $123.39 $22,798.06
26 $22,798.06 $851.56 $0.00 $128.90 $23,778.52
27 $23,778.52 $851.56 $0.00 $134.45 $24,764.53
28 $24,764.53 $851.56 $0.00 $140.02 $25,756.11
29 $25,756.11 $851.56 $0.00 $145.63 $26,753.30
30 $26,753.30 $851.56 $0.00 $151.27 $27,756.13
31 $27,756.13 $851.56 $0.00 $156.94 $28,764.63
32 $28,764.63 $851.56 $0.00 $162.64 $29,778.83
33 $29,778.83 $851.56 $0.00 $168.37 $30,798.76
34 $30,798.76 $851.56 $0.00 $174.14 $31,824.46
35 $31,824.46 $851.56 $0.00 $179.94 $32,855.96
36 $32,855.96 $851.56 $0.00 $185.77 $33,893.29
37 $33,893.29 $851.56 $0.00 $191.64 $34,936.49
38 $34,936.49 $851.56 $0.00 $197.54 $35,985.59
39 $35,985.59 $851.56 $0.00 $203.47 $37,040.62
40 $37,040.62 $851.56 $0.00 $209.43 $38,101.61
41 $38,101.61 $851.56 $0.00 $215.43 $39,168.60
42 $39,168.60 $851.56 $0.00 $221.46 $40,241.62
43 $40,241.62 $851.56 $0.00 $227.53 $41,320.71
44 $41,320.71 $851.56 $0.00 $233.63 $42,405.90
45 $42,405.90 $851.56 $0.00 $239.77 $43,497.23
46 $43,497.23 $851.56 $0.00 $245.94 $44,594.73
47 $44,594.73 $851.56 $0.00 $252.15 $45,698.44
48 $45,698.44 $851.56 $0.00 $258.39 $46,808.39
49 $46,808.39 $851.56 $0.00 $264.66 $47,924.61
50 $47,924.61 $851.56 $0.00 $270.97 $49,047.14
51 $49,047.14 $851.56 $0.00 $277.32 $50,176.02
52 $50,176.02 $851.56 $0.00 $283.70 $51,311.28
53 $51,311.28 $851.56 $0.00 $290.12 $52,452.96
54 $52,452.96 $851.56 $0.00 $296.58 $53,601.10
55 $53,601.10 $851.56 $0.00 $303.07 $54,755.73
56 $54,755.73 $851.56 $0.00 $309.60 $55,916.89
57 $55,916.89 $851.56 $0.00 $316.16 $57,084.61
58 $57,084.61 $851.56 $0.00 $322.76 $58,258.93
59 $58,258.93 $851.56 $0.00 $329.40 $59,439.89
60 $59,439.89 $851.56 $0.00 $336.08 $60,627.53
61 $60,627.53 $851.56 $0.00 $342.80 $61,821.89
62 $61,821.89 $851.56 $0.00 $349.55 $63,023.00
63 $63,023.00 $851.56 $0.00 $356.34 $64,230.90
64 $64,230.90 $851.56 $0.00 $363.17 $65,445.63
65 $65,445.63 $851.56 $0.00 $370.04 $66,667.23
66 $66,667.23 $851.56 $0.00 $376.95 $67,895.74
67 $67,895.74 $851.56 $0.00 $383.89 $69,131.19
68 $69,131.19 $851.56 $0.00 $390.88 $70,373.63
69 $70,373.63 $851.56 $0.00 $397.90 $71,623.09
70 $71,623.09 $851.56 $0.00 $404.97 $72,879.62
71 $72,879.62 $851.56 $0.00 $412.07 $74,143.25
72 $74,143.25 $851.56 $0.00 $419.22 $75,414.03
73 $75,414.03 $851.56 $0.00 $426.40 $76,691.99
74 $76,691.99 $851.56 $0.00 $433.63 $77,977.18
75 $77,977.18 $851.56 $0.00 $440.89 $79,269.63
76 $79,269.63 $851.56 $0.00 $448.20 $80,569.39
77 $80,569.39 $851.56 $0.00 $455.55 $81,876.50
78 $81,876.50 $851.56 $0.00 $462.94 $83,191.00
79 $83,191.00 $851.56 $0.00 $470.37 $84,512.93
80 $84,512.93 $851.56 $0.00 $477.85 $85,842.34
81 $85,842.34 $851.56 $0.00 $485.37 $87,179.27
82 $87,179.27 $851.56 $0.00 $492.92 $88,523.75
83 $88,523.75 $851.56 $0.00 $500.53 $89,875.84
84 $89,875.84 $851.56 $0.00 $508.17 $91,235.57
85 $91,235.57 $851.56 $0.00 $515.86 $92,602.99
86 $92,602.99 $851.56 $0.00 $523.59 $93,978.14
87 $93,978.14 $851.56 $0.00 $531.37 $95,361.07
88 $95,361.07 $851.56 $0.00 $539.19 $96,751.82
89 $96,751.82 $851.56 $0.00 $547.05 $98,150.43
90 $98,150.43 $851.56 $0.00 $554.96 $99,556.95
91 $99,556.95 $851.56 $0.00 $562.91 $100,971.42
92 $100,971.42 $851.56 $0.00 $570.91 $102,393.89
93 $102,393.89 $851.56 $0.00 $578.95 $103,824.40
94 $103,824.40 $851.56 $0.00 $587.04 $105,263.00
95 $105,263.00 $851.56 $0.00 $595.17 $106,709.73
96 $106,709.73 $851.56 $0.00 $603.35 $108,164.64
97 $108,164.64 $851.56 $0.00 $611.58 $109,627.78
98 $109,627.78 $851.56 $0.00 $619.85 $111,099.19
99 $111,099.19 $851.56 $0.00 $628.17 $112,578.92
100 $112,578.92 $851.56 $0.00 $636.54 $114,067.02
101 $114,067.02 $851.56 $0.00 $644.95 $115,563.53
102 $115,563.53 $851.56 $0.00 $653.41 $117,068.50
103 $117,068.50 $851.56 $0.00 $661.92 $118,581.98
104 $118,581.98 $851.56 $0.00 $670.48 $120,104.02
105 $120,104.02 $851.56 $0.00 $679.09 $121,634.67
106 $121,634.67 $851.56 $0.00 $687.74 $123,173.97
107 $123,173.97 $851.56 $0.00 $696.44 $124,721.97
108 $124,721.97 $851.56 $0.00 $705.20 $126,278.73
109 $126,278.73 $851.56 $0.00 $714.00 $127,844.29
110 $127,844.29 $851.56 $0.00 $722.85 $129,418.70
111 $129,418.70 $851.56 $0.00 $731.75 $131,002.01
112 $131,002.01 $851.56 $0.00 $740.70 $132,594.27
113 $132,594.27 $851.56 $0.00 $749.71 $134,195.54
114 $134,195.54 $851.56 $0.00 $758.76 $135,805.86
115 $135,805.86 $851.56 $0.00 $767.87 $137,425.29
116 $137,425.29 $851.56 $0.00 $777.02 $139,053.87
117 $139,053.87 $851.56 $0.00 $786.23 $140,691.66
118 $140,691.66 $851.56 $0.00 $795.49 $142,338.71
119 $142,338.71 $851.56 $0.00 $804.80 $143,995.07
120 $143,995.07 $851.56 $0.00 $814.17 $145,660.80
121 $145,660.80 $851.56 $0.00 $823.59 $147,335.95
122 $147,335.95 $851.56 $0.00 $833.06 $149,020.57
123 $149,020.57 $851.56 $0.00 $842.58 $150,714.71
124 $150,714.71 $851.56 $0.00 $852.16 $152,418.43
125 $152,418.43 $851.56 $0.00 $861.80 $154,131.79
126 $154,131.79 $851.56 $0.00 $871.48 $155,854.83
127 $155,854.83 $851.56 $0.00 $881.23 $157,587.62
128 $157,587.62 $851.56 $0.00 $891.02 $159,330.20
129 $159,330.20 $851.56 $0.00 $900.88 $161,082.64
130 $161,082.64 $851.56 $0.00 $910.78 $162,844.98
131 $162,844.98 $851.56 $0.00 $920.75 $164,617.29
132 $164,617.29 $851.56 $0.00 $930.77 $166,399.62
133 $166,399.62 $851.56 $0.00 $940.85 $168,192.03
134 $168,192.03 $851.56 $0.00 $950.98 $169,994.57
135 $169,994.57 $851.56 $0.00 $961.17 $171,807.30
136 $171,807.30 $851.56 $0.00 $971.42 $173,630.28
137 $173,630.28 $851.56 $0.00 $981.73 $175,463.57
138 $175,463.57 $851.56 $0.00 $992.10 $177,307.23
139 $177,307.23 $851.56 $0.00 $1,002.52 $179,161.31
140 $179,161.31 $851.56 $0.00 $1,013.00 $181,025.87
141 $181,025.87 $851.56 $0.00 $1,023.55 $182,900.98
142 $182,900.98 $851.56 $0.00 $1,034.15 $184,786.69
143 $184,786.69 $851.56 $0.00 $1,044.81 $186,683.06
144 $186,683.06 $851.56 $0.00 $1,055.53 $188,590.15
145 $188,590.15 $851.56 $0.00 $1,066.32 $190,508.03
146 $190,508.03 $851.56 $0.00 $1,077.16 $192,436.75
147 $192,436.75 $851.56 $0.00 $1,088.07 $194,376.38
148 $194,376.38 $851.56 $0.00 $1,099.03 $196,326.97
149 $196,326.97 $851.56 $0.00 $1,110.06 $198,288.59
150 $198,288.59 $851.56 $0.00 $1,121.15 $200,261.30
151 $200,261.30 $851.56 $0.00 $1,132.31 $202,245.17
152 $202,245.17 $851.56 $0.00 $1,143.52 $204,240.25
153 $204,240.25 $851.56 $0.00 $1,154.80 $206,246.61
154 $206,246.61 $851.56 $0.00 $1,166.15 $208,264.32
155 $208,264.32 $851.56 $0.00 $1,177.56 $210,293.44
156 $210,293.44 $851.56 $0.00 $1,189.03 $212,334.03
157 $212,334.03 $851.56 $0.00 $1,200.57 $214,386.16
158 $214,386.16 $851.56 $0.00 $1,212.17 $216,449.89
159 $216,449.89 $851.56 $0.00 $1,223.84 $218,525.29
160 $218,525.29 $851.56 $0.00 $1,235.57 $220,612.42
161 $220,612.42 $851.56 $0.00 $1,247.37 $222,711.35
162 $222,711.35 $851.56 $0.00 $1,259.24 $224,822.15
163 $224,822.15 $851.56 $0.00 $1,271.18 $226,944.89
164 $226,944.89 $851.56 $0.00 $1,283.18 $229,079.63
165 $229,079.63 $851.56 $0.00 $1,295.25 $231,226.44
166 $231,226.44 $851.56 $0.00 $1,307.39 $233,385.39
167 $233,385.39 $851.56 $0.00 $1,319.59 $235,556.54
168 $235,556.54 $851.56 $0.00 $1,331.87 $237,739.97
169 $237,739.97 $851.56 $0.00 $1,344.22 $239,935.75
170 $239,935.75 $851.56 $0.00 $1,356.63 $242,143.94
171 $242,143.94 $851.56 $0.00 $1,369.12 $244,364.62
172 $244,364.62 $851.56 $0.00 $1,381.67 $246,597.85
173 $246,597.85 $851.56 $0.00 $1,394.30 $248,843.71
174 $248,843.71 $851.56 $0.00 $1,407.00 $251,102.27
175 $251,102.27 $851.56 $0.00 $1,419.77 $253,373.60
176 $253,373.60 $851.56 $0.00 $1,432.61 $255,657.77
177 $255,657.77 $851.56 $0.00 $1,445.53 $257,954.86
178 $257,954.86 $851.56 $0.00 $1,458.51 $260,264.93
179 $260,264.93 $851.56 $0.00 $1,471.58 $262,588.07
180 $262,588.07 $851.56 $0.00 $1,484.71 $264,924.34
181 $264,924.34 $851.56 $0.00 $1,497.92 $267,273.82
182 $267,273.82 $851.56 $0.00 $1,511.21 $269,636.59
183 $269,636.59 $851.56 $0.00 $1,524.56 $272,012.71
184 $272,012.71 $851.56 $0.00 $1,538.00 $274,402.27
185 $274,402.27 $851.56 $0.00 $1,551.51 $276,805.34
186 $276,805.34 $851.56 $0.00 $1,565.10 $279,222.00
187 $279,222.00 $851.56 $0.00 $1,578.76 $281,652.32
188 $281,652.32 $851.56 $0.00 $1,592.50 $284,096.38
189 $284,096.38 $851.56 $0.00 $1,606.32 $286,554.26
190 $286,554.26 $851.56 $0.00 $1,620.22 $289,026.04
191 $289,026.04 $851.56 $0.00 $1,634.20 $291,511.80
192 $291,511.80 $851.56 $0.00 $1,648.25 $294,011.61
193 $294,011.61 $851.56 $0.00 $1,662.38 $296,525.55
194 $296,525.55 $851.56 $0.00 $1,676.60 $299,053.71
195 $299,053.71 $851.56 $0.00 $1,690.89 $301,596.16
196 $301,596.16 $851.56 $0.00 $1,705.27 $304,152.99
197 $304,152.99 $851.56 $0.00 $1,719.73 $306,724.28
198 $306,724.28 $851.56 $0.00 $1,734.26 $309,310.10
199 $309,310.10 $851.56 $0.00 $1,748.88 $311,910.54
200 $311,910.54 $851.56 $0.00 $1,763.59 $314,525.69
201 $314,525.69 $851.56 $0.00 $1,778.37 $317,155.62
202 $317,155.62 $851.56 $0.00 $1,793.24 $319,800.42
203 $319,800.42 $851.56 $0.00 $1,808.20 $322,460.18
204 $322,460.18 $851.56 $0.00 $1,823.24 $325,134.98
205 $325,134.98 $851.56 $0.00 $1,838.36 $327,824.90
206 $327,824.90 $851.56 $0.00 $1,853.57 $330,530.03
207 $330,530.03 $851.56 $0.00 $1,868.86 $333,250.45
208 $333,250.45 $851.56 $0.00 $1,884.25 $335,986.26
209 $335,986.26 $851.56 $0.00 $1,899.72 $338,737.54
210 $338,737.54 $851.56 $0.00 $1,915.27 $341,504.37
211 $341,504.37 $851.56 $0.00 $1,930.92 $344,286.85
212 $344,286.85 $851.56 $0.00 $1,946.65 $347,085.06
213 $347,085.06 $851.56 $0.00 $1,962.47 $349,899.09
214 $349,899.09 $851.56 $0.00 $1,978.38 $352,729.03
215 $352,729.03 $851.56 $0.00 $1,994.38 $355,574.97
216 $355,574.97 $851.56 $0.00 $2,010.47 $358,437.00
217 $358,437.00 $851.56 $97,071.65 $2,026.65 $264,243.56
218 $264,243.56 $851.56 $0.00 $1,494.07 $266,589.19
219 $266,589.19 $851.56 $0.00 $1,507.33 $268,948.08
220 $268,948.08 $851.56 $0.00 $1,520.67 $271,320.31
221 $271,320.31 $851.56 $0.00 $1,534.08 $273,705.95
222 $273,705.95 $851.56 $0.00 $1,547.57 $276,105.08
223 $276,105.08 $851.56 $0.00 $1,561.14 $278,517.78
224 $278,517.78 $851.56 $0.00 $1,574.78 $280,944.12
225 $280,944.12 $851.56 $0.00 $1,588.50 $283,384.18
226 $283,384.18 $851.56 $0.00 $1,602.30 $285,838.04
227 $285,838.04 $851.56 $0.00 $1,616.17 $288,305.77
228 $288,305.77 $851.56 $0.00 $1,630.12 $290,787.45
229 $290,787.45 $851.56 $103,866.67 $1,644.15 $189,416.49
230 $189,416.49 $851.56 $0.00 $1,070.99 $191,339.04
231 $191,339.04 $851.56 $0.00 $1,081.86 $193,272.46
232 $193,272.46 $851.56 $0.00 $1,092.79 $195,216.81
233 $195,216.81 $851.56 $0.00 $1,103.78 $197,172.15
234 $197,172.15 $851.56 $0.00 $1,114.84 $199,138.55
235 $199,138.55 $851.56 $0.00 $1,125.96 $201,116.07
236 $201,116.07 $851.56 $0.00 $1,137.14 $203,104.77
237 $203,104.77 $851.56 $0.00 $1,148.38 $205,104.71
238 $205,104.71 $851.56 $0.00 $1,159.69 $207,115.96
239 $207,115.96 $851.56 $0.00 $1,171.06 $209,138.58
240 $209,138.58 $851.56 $0.00 $1,182.50 $211,172.64
241 $211,172.64 $851.56 $111,137.34 $1,194.00 $102,080.86
242 $102,080.86 $851.56 $0.00 $577.18 $103,509.60
243 $103,509.60 $851.56 $0.00 $585.26 $104,946.42
244 $104,946.42 $851.56 $0.00 $593.38 $106,391.36
245 $106,391.36 $851.56 $0.00 $601.55 $107,844.47
246 $107,844.47 $851.56 $0.00 $609.77 $109,305.80
247 $109,305.80 $851.56 $0.00 $618.03 $110,775.39
248 $110,775.39 $851.56 $0.00 $626.34 $112,253.29
249 $112,253.29 $851.56 $0.00 $634.70 $113,739.55
250 $113,739.55 $851.56 $0.00 $643.10 $115,234.21
251 $115,234.21 $851.56 $0.00 $651.55 $116,737.32
252 $116,737.32 $851.56 $0.00 $660.05 $118,248.93
253 $118,248.93 $0.00 $118,916.95 $668.60 $0.58