Savings Plan and Future Cost Estimation for Salem 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$73,035
Monthly savings required$578

How much will it cost to send your child to Salem State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $292,140.38 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $578.14 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$28,164.00
Years until enrollment18
Annual Tuition Increase5%
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 $578.14 $0.00 $0.00 $578.14
2 $578.14 $578.14 $0.00 $3.27 $1,159.55
3 $1,159.55 $578.14 $0.00 $6.56 $1,744.25
4 $1,744.25 $578.14 $0.00 $9.86 $2,332.25
5 $2,332.25 $578.14 $0.00 $13.19 $2,923.58
6 $2,923.58 $578.14 $0.00 $16.53 $3,518.25
7 $3,518.25 $578.14 $0.00 $19.89 $4,116.28
8 $4,116.28 $578.14 $0.00 $23.27 $4,717.69
9 $4,717.69 $578.14 $0.00 $26.67 $5,322.50
10 $5,322.50 $578.14 $0.00 $30.09 $5,930.73
11 $5,930.73 $578.14 $0.00 $33.53 $6,542.40
12 $6,542.40 $578.14 $0.00 $36.99 $7,157.53
13 $7,157.53 $578.14 $0.00 $40.47 $7,776.14
14 $7,776.14 $578.14 $0.00 $43.97 $8,398.25
15 $8,398.25 $578.14 $0.00 $47.48 $9,023.87
16 $9,023.87 $578.14 $0.00 $51.02 $9,653.03
17 $9,653.03 $578.14 $0.00 $54.58 $10,285.75
18 $10,285.75 $578.14 $0.00 $58.16 $10,922.05
19 $10,922.05 $578.14 $0.00 $61.75 $11,561.94
20 $11,561.94 $578.14 $0.00 $65.37 $12,205.45
21 $12,205.45 $578.14 $0.00 $69.01 $12,852.60
22 $12,852.60 $578.14 $0.00 $72.67 $13,503.41
23 $13,503.41 $578.14 $0.00 $76.35 $14,157.90
24 $14,157.90 $578.14 $0.00 $80.05 $14,816.09
25 $14,816.09 $578.14 $0.00 $83.77 $15,478.00
26 $15,478.00 $578.14 $0.00 $87.51 $16,143.65
27 $16,143.65 $578.14 $0.00 $91.28 $16,813.07
28 $16,813.07 $578.14 $0.00 $95.06 $17,486.27
29 $17,486.27 $578.14 $0.00 $98.87 $18,163.28
30 $18,163.28 $578.14 $0.00 $102.70 $18,844.12
31 $18,844.12 $578.14 $0.00 $106.55 $19,528.81
32 $19,528.81 $578.14 $0.00 $110.42 $20,217.37
33 $20,217.37 $578.14 $0.00 $114.31 $20,909.82
34 $20,909.82 $578.14 $0.00 $118.23 $21,606.19
35 $21,606.19 $578.14 $0.00 $122.16 $22,306.49
36 $22,306.49 $578.14 $0.00 $126.12 $23,010.75
37 $23,010.75 $578.14 $0.00 $130.11 $23,719.00
38 $23,719.00 $578.14 $0.00 $134.11 $24,431.25
39 $24,431.25 $578.14 $0.00 $138.14 $25,147.53
40 $25,147.53 $578.14 $0.00 $142.19 $25,867.86
41 $25,867.86 $578.14 $0.00 $146.26 $26,592.26
42 $26,592.26 $578.14 $0.00 $150.36 $27,320.76
43 $27,320.76 $578.14 $0.00 $154.48 $28,053.38
44 $28,053.38 $578.14 $0.00 $158.62 $28,790.14
45 $28,790.14 $578.14 $0.00 $162.78 $29,531.06
46 $29,531.06 $578.14 $0.00 $166.97 $30,276.17
47 $30,276.17 $578.14 $0.00 $171.19 $31,025.50
48 $31,025.50 $578.14 $0.00 $175.42 $31,779.06
49 $31,779.06 $578.14 $0.00 $179.68 $32,536.88
50 $32,536.88 $578.14 $0.00 $183.97 $33,298.99
51 $33,298.99 $578.14 $0.00 $188.28 $34,065.41
52 $34,065.41 $578.14 $0.00 $192.61 $34,836.16
53 $34,836.16 $578.14 $0.00 $196.97 $35,611.27
54 $35,611.27 $578.14 $0.00 $201.35 $36,390.76
55 $36,390.76 $578.14 $0.00 $205.76 $37,174.66
56 $37,174.66 $578.14 $0.00 $210.19 $37,962.99
57 $37,962.99 $578.14 $0.00 $214.65 $38,755.78
58 $38,755.78 $578.14 $0.00 $219.13 $39,553.05
59 $39,553.05 $578.14 $0.00 $223.64 $40,354.83
60 $40,354.83 $578.14 $0.00 $228.17 $41,161.14
61 $41,161.14 $578.14 $0.00 $232.73 $41,972.01
62 $41,972.01 $578.14 $0.00 $237.32 $42,787.47
63 $42,787.47 $578.14 $0.00 $241.93 $43,607.54
64 $43,607.54 $578.14 $0.00 $246.56 $44,432.24
65 $44,432.24 $578.14 $0.00 $251.23 $45,261.61
66 $45,261.61 $578.14 $0.00 $255.92 $46,095.67
67 $46,095.67 $578.14 $0.00 $260.63 $46,934.44
68 $46,934.44 $578.14 $0.00 $265.37 $47,777.95
69 $47,777.95 $578.14 $0.00 $270.14 $48,626.23
70 $48,626.23 $578.14 $0.00 $274.94 $49,479.31
71 $49,479.31 $578.14 $0.00 $279.76 $50,337.21
72 $50,337.21 $578.14 $0.00 $284.61 $51,199.96
73 $51,199.96 $578.14 $0.00 $289.49 $52,067.59
74 $52,067.59 $578.14 $0.00 $294.40 $52,940.13
75 $52,940.13 $578.14 $0.00 $299.33 $53,817.60
76 $53,817.60 $578.14 $0.00 $304.29 $54,700.03
77 $54,700.03 $578.14 $0.00 $309.28 $55,587.45
78 $55,587.45 $578.14 $0.00 $314.30 $56,479.89
79 $56,479.89 $578.14 $0.00 $319.35 $57,377.38
80 $57,377.38 $578.14 $0.00 $324.42 $58,279.94
81 $58,279.94 $578.14 $0.00 $329.52 $59,187.60
82 $59,187.60 $578.14 $0.00 $334.66 $60,100.40
83 $60,100.40 $578.14 $0.00 $339.82 $61,018.36
84 $61,018.36 $578.14 $0.00 $345.01 $61,941.51
85 $61,941.51 $578.14 $0.00 $350.23 $62,869.88
86 $62,869.88 $578.14 $0.00 $355.48 $63,803.50
87 $63,803.50 $578.14 $0.00 $360.75 $64,742.39
88 $64,742.39 $578.14 $0.00 $366.06 $65,686.59
89 $65,686.59 $578.14 $0.00 $371.40 $66,636.13
90 $66,636.13 $578.14 $0.00 $376.77 $67,591.04
91 $67,591.04 $578.14 $0.00 $382.17 $68,551.35
92 $68,551.35 $578.14 $0.00 $387.60 $69,517.09
93 $69,517.09 $578.14 $0.00 $393.06 $70,488.29
94 $70,488.29 $578.14 $0.00 $398.55 $71,464.98
95 $71,464.98 $578.14 $0.00 $404.07 $72,447.19
96 $72,447.19 $578.14 $0.00 $409.63 $73,434.96
97 $73,434.96 $578.14 $0.00 $415.21 $74,428.31
98 $74,428.31 $578.14 $0.00 $420.83 $75,427.28
99 $75,427.28 $578.14 $0.00 $426.48 $76,431.90
100 $76,431.90 $578.14 $0.00 $432.16 $77,442.20
101 $77,442.20 $578.14 $0.00 $437.87 $78,458.21
102 $78,458.21 $578.14 $0.00 $443.61 $79,479.96
103 $79,479.96 $578.14 $0.00 $449.39 $80,507.49
104 $80,507.49 $578.14 $0.00 $455.20 $81,540.83
105 $81,540.83 $578.14 $0.00 $461.04 $82,580.01
106 $82,580.01 $578.14 $0.00 $466.92 $83,625.07
107 $83,625.07 $578.14 $0.00 $472.83 $84,676.04
108 $84,676.04 $578.14 $0.00 $478.77 $85,732.95
109 $85,732.95 $578.14 $0.00 $484.75 $86,795.84
110 $86,795.84 $578.14 $0.00 $490.76 $87,864.74
111 $87,864.74 $578.14 $0.00 $496.80 $88,939.68
112 $88,939.68 $578.14 $0.00 $502.88 $90,020.70
113 $90,020.70 $578.14 $0.00 $508.99 $91,107.83
114 $91,107.83 $578.14 $0.00 $515.14 $92,201.11
115 $92,201.11 $578.14 $0.00 $521.32 $93,300.57
116 $93,300.57 $578.14 $0.00 $527.53 $94,406.24
117 $94,406.24 $578.14 $0.00 $533.79 $95,518.17
118 $95,518.17 $578.14 $0.00 $540.07 $96,636.38
119 $96,636.38 $578.14 $0.00 $546.40 $97,760.92
120 $97,760.92 $578.14 $0.00 $552.75 $98,891.81
121 $98,891.81 $578.14 $0.00 $559.15 $100,029.10
122 $100,029.10 $578.14 $0.00 $565.58 $101,172.82
123 $101,172.82 $578.14 $0.00 $572.05 $102,323.01
124 $102,323.01 $578.14 $0.00 $578.55 $103,479.70
125 $103,479.70 $578.14 $0.00 $585.09 $104,642.93
126 $104,642.93 $578.14 $0.00 $591.67 $105,812.74
127 $105,812.74 $578.14 $0.00 $598.28 $106,989.16
128 $106,989.16 $578.14 $0.00 $604.93 $108,172.23
129 $108,172.23 $578.14 $0.00 $611.62 $109,361.99
130 $109,361.99 $578.14 $0.00 $618.35 $110,558.48
131 $110,558.48 $578.14 $0.00 $625.11 $111,761.73
132 $111,761.73 $578.14 $0.00 $631.92 $112,971.79
133 $112,971.79 $578.14 $0.00 $638.76 $114,188.69
134 $114,188.69 $578.14 $0.00 $645.64 $115,412.47
135 $115,412.47 $578.14 $0.00 $652.56 $116,643.17
136 $116,643.17 $578.14 $0.00 $659.52 $117,880.83
137 $117,880.83 $578.14 $0.00 $666.52 $119,125.49
138 $119,125.49 $578.14 $0.00 $673.55 $120,377.18
139 $120,377.18 $578.14 $0.00 $680.63 $121,635.95
140 $121,635.95 $578.14 $0.00 $687.75 $122,901.84
141 $122,901.84 $578.14 $0.00 $694.90 $124,174.88
142 $124,174.88 $578.14 $0.00 $702.10 $125,455.12
143 $125,455.12 $578.14 $0.00 $709.34 $126,742.60
144 $126,742.60 $578.14 $0.00 $716.62 $128,037.36
145 $128,037.36 $578.14 $0.00 $723.94 $129,339.44
146 $129,339.44 $578.14 $0.00 $731.30 $130,648.88
147 $130,648.88 $578.14 $0.00 $738.71 $131,965.73
148 $131,965.73 $578.14 $0.00 $746.15 $133,290.02
149 $133,290.02 $578.14 $0.00 $753.64 $134,621.80
150 $134,621.80 $578.14 $0.00 $761.17 $135,961.11
151 $135,961.11 $578.14 $0.00 $768.74 $137,307.99
152 $137,307.99 $578.14 $0.00 $776.36 $138,662.49
153 $138,662.49 $578.14 $0.00 $784.02 $140,024.65
154 $140,024.65 $578.14 $0.00 $791.72 $141,394.51
155 $141,394.51 $578.14 $0.00 $799.47 $142,772.12
156 $142,772.12 $578.14 $0.00 $807.25 $144,157.51
157 $144,157.51 $578.14 $0.00 $815.09 $145,550.74
158 $145,550.74 $578.14 $0.00 $822.97 $146,951.85
159 $146,951.85 $578.14 $0.00 $830.89 $148,360.88
160 $148,360.88 $578.14 $0.00 $838.85 $149,777.87
161 $149,777.87 $578.14 $0.00 $846.87 $151,202.88
162 $151,202.88 $578.14 $0.00 $854.92 $152,635.94
163 $152,635.94 $578.14 $0.00 $863.03 $154,077.11
164 $154,077.11 $578.14 $0.00 $871.17 $155,526.42
165 $155,526.42 $578.14 $0.00 $879.37 $156,983.93
166 $156,983.93 $578.14 $0.00 $887.61 $158,449.68
167 $158,449.68 $578.14 $0.00 $895.90 $159,923.72
168 $159,923.72 $578.14 $0.00 $904.23 $161,406.09
169 $161,406.09 $578.14 $0.00 $912.61 $162,896.84
170 $162,896.84 $578.14 $0.00 $921.04 $164,396.02
171 $164,396.02 $578.14 $0.00 $929.52 $165,903.68
172 $165,903.68 $578.14 $0.00 $938.04 $167,419.86
173 $167,419.86 $578.14 $0.00 $946.62 $168,944.62
174 $168,944.62 $578.14 $0.00 $955.24 $170,478.00
175 $170,478.00 $578.14 $0.00 $963.91 $172,020.05
176 $172,020.05 $578.14 $0.00 $972.63 $173,570.82
177 $173,570.82 $578.14 $0.00 $981.39 $175,130.35
178 $175,130.35 $578.14 $0.00 $990.21 $176,698.70
179 $176,698.70 $578.14 $0.00 $999.08 $178,275.92
180 $178,275.92 $578.14 $0.00 $1,008.00 $179,862.06
181 $179,862.06 $578.14 $0.00 $1,016.97 $181,457.17
182 $181,457.17 $578.14 $0.00 $1,025.99 $183,061.30
183 $183,061.30 $578.14 $0.00 $1,035.06 $184,674.50
184 $184,674.50 $578.14 $0.00 $1,044.18 $186,296.82
185 $186,296.82 $578.14 $0.00 $1,053.35 $187,928.31
186 $187,928.31 $578.14 $0.00 $1,062.57 $189,569.02
187 $189,569.02 $578.14 $0.00 $1,071.85 $191,219.01
188 $191,219.01 $578.14 $0.00 $1,081.18 $192,878.33
189 $192,878.33 $578.14 $0.00 $1,090.56 $194,547.03
190 $194,547.03 $578.14 $0.00 $1,100.00 $196,225.17
191 $196,225.17 $578.14 $0.00 $1,109.49 $197,912.80
192 $197,912.80 $578.14 $0.00 $1,119.03 $199,609.97
193 $199,609.97 $578.14 $0.00 $1,128.62 $201,316.73
194 $201,316.73 $578.14 $0.00 $1,138.27 $203,033.14
195 $203,033.14 $578.14 $0.00 $1,147.98 $204,759.26
196 $204,759.26 $578.14 $0.00 $1,157.74 $206,495.14
197 $206,495.14 $578.14 $0.00 $1,167.55 $208,240.83
198 $208,240.83 $578.14 $0.00 $1,177.42 $209,996.39
199 $209,996.39 $578.14 $0.00 $1,187.35 $211,761.88
200 $211,761.88 $578.14 $0.00 $1,197.33 $213,537.35
201 $213,537.35 $578.14 $0.00 $1,207.37 $215,322.86
202 $215,322.86 $578.14 $0.00 $1,217.47 $217,118.47
203 $217,118.47 $578.14 $0.00 $1,227.62 $218,924.23
204 $218,924.23 $578.14 $0.00 $1,237.83 $220,740.20
205 $220,740.20 $578.14 $0.00 $1,248.10 $222,566.44
206 $222,566.44 $578.14 $0.00 $1,258.42 $224,403.00
207 $224,403.00 $578.14 $0.00 $1,268.81 $226,249.95
208 $226,249.95 $578.14 $0.00 $1,279.25 $228,107.34
209 $228,107.34 $578.14 $0.00 $1,289.75 $229,975.23
210 $229,975.23 $578.14 $0.00 $1,300.31 $231,853.68
211 $231,853.68 $578.14 $0.00 $1,310.93 $233,742.75
212 $233,742.75 $578.14 $0.00 $1,321.62 $235,642.51
213 $235,642.51 $578.14 $0.00 $1,332.36 $237,553.01
214 $237,553.01 $578.14 $0.00 $1,343.16 $239,474.31
215 $239,474.31 $578.14 $0.00 $1,354.02 $241,406.47
216 $241,406.47 $578.14 $0.00 $1,364.95 $243,349.56
217 $243,349.56 $578.14 $67,780.02 $1,375.93 $177,523.61
218 $177,523.61 $578.14 $0.00 $1,003.74 $179,105.49
219 $179,105.49 $578.14 $0.00 $1,012.69 $180,696.32
220 $180,696.32 $578.14 $0.00 $1,021.68 $182,296.14
221 $182,296.14 $578.14 $0.00 $1,030.73 $183,905.01
222 $183,905.01 $578.14 $0.00 $1,039.83 $185,522.98
223 $185,522.98 $578.14 $0.00 $1,048.97 $187,150.09
224 $187,150.09 $578.14 $0.00 $1,058.17 $188,786.40
225 $188,786.40 $578.14 $0.00 $1,067.43 $190,431.97
226 $190,431.97 $578.14 $0.00 $1,076.73 $192,086.84
227 $192,086.84 $578.14 $0.00 $1,086.09 $193,751.07
228 $193,751.07 $578.14 $0.00 $1,095.50 $195,424.71
229 $195,424.71 $578.14 $71,169.03 $1,104.96 $125,938.78
230 $125,938.78 $578.14 $0.00 $712.08 $127,229.00
231 $127,229.00 $578.14 $0.00 $719.37 $128,526.51
232 $128,526.51 $578.14 $0.00 $726.71 $129,831.36
233 $129,831.36 $578.14 $0.00 $734.09 $131,143.59
234 $131,143.59 $578.14 $0.00 $741.50 $132,463.23
235 $132,463.23 $578.14 $0.00 $748.97 $133,790.34
236 $133,790.34 $578.14 $0.00 $756.47 $135,124.95
237 $135,124.95 $578.14 $0.00 $764.02 $136,467.11
238 $136,467.11 $578.14 $0.00 $771.60 $137,816.85
239 $137,816.85 $578.14 $0.00 $779.24 $139,174.23
240 $139,174.23 $578.14 $0.00 $786.91 $140,539.28
241 $140,539.28 $578.14 $74,727.48 $794.63 $67,184.57
242 $67,184.57 $578.14 $0.00 $379.87 $68,142.58
243 $68,142.58 $578.14 $0.00 $385.29 $69,106.01
244 $69,106.01 $578.14 $0.00 $390.74 $70,074.89
245 $70,074.89 $578.14 $0.00 $396.21 $71,049.24
246 $71,049.24 $578.14 $0.00 $401.72 $72,029.10
247 $72,029.10 $578.14 $0.00 $407.26 $73,014.50
248 $73,014.50 $578.14 $0.00 $412.83 $74,005.47
249 $74,005.47 $578.14 $0.00 $418.44 $75,002.05
250 $75,002.05 $578.14 $0.00 $424.07 $76,004.26
251 $76,004.26 $578.14 $0.00 $429.74 $77,012.14
252 $77,012.14 $578.14 $0.00 $435.44 $78,025.72
253 $78,025.72 $0.00 $78,463.85 $441.17 $3.04