Savings Plan and Future Cost Estimation for Western New England University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$233,467
Monthly savings required$1,845

How much will it cost to send your child to Western New England University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $933,867.35 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,845.15 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$62,230.00
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 $1,845.15 $0.00 $0.00 $1,845.15
2 $1,845.15 $1,845.15 $0.00 $10.43 $3,700.73
3 $3,700.73 $1,845.15 $0.00 $20.92 $5,566.80
4 $5,566.80 $1,845.15 $0.00 $31.48 $7,443.43
5 $7,443.43 $1,845.15 $0.00 $42.09 $9,330.67
6 $9,330.67 $1,845.15 $0.00 $52.76 $11,228.58
7 $11,228.58 $1,845.15 $0.00 $63.49 $13,137.22
8 $13,137.22 $1,845.15 $0.00 $74.28 $15,056.65
9 $15,056.65 $1,845.15 $0.00 $85.13 $16,986.93
10 $16,986.93 $1,845.15 $0.00 $96.05 $18,928.13
11 $18,928.13 $1,845.15 $0.00 $107.02 $20,880.30
12 $20,880.30 $1,845.15 $0.00 $118.06 $22,843.51
13 $22,843.51 $1,845.15 $0.00 $129.16 $24,817.82
14 $24,817.82 $1,845.15 $0.00 $140.32 $26,803.29
15 $26,803.29 $1,845.15 $0.00 $151.55 $28,799.99
16 $28,799.99 $1,845.15 $0.00 $162.84 $30,807.98
17 $30,807.98 $1,845.15 $0.00 $174.19 $32,827.32
18 $32,827.32 $1,845.15 $0.00 $185.61 $34,858.08
19 $34,858.08 $1,845.15 $0.00 $197.09 $36,900.32
20 $36,900.32 $1,845.15 $0.00 $208.64 $38,954.11
21 $38,954.11 $1,845.15 $0.00 $220.25 $41,019.51
22 $41,019.51 $1,845.15 $0.00 $231.93 $43,096.59
23 $43,096.59 $1,845.15 $0.00 $243.67 $45,185.41
24 $45,185.41 $1,845.15 $0.00 $255.48 $47,286.04
25 $47,286.04 $1,845.15 $0.00 $267.36 $49,398.55
26 $49,398.55 $1,845.15 $0.00 $279.31 $51,523.01
27 $51,523.01 $1,845.15 $0.00 $291.32 $53,659.48
28 $53,659.48 $1,845.15 $0.00 $303.40 $55,808.03
29 $55,808.03 $1,845.15 $0.00 $315.55 $57,968.73
30 $57,968.73 $1,845.15 $0.00 $327.76 $60,141.64
31 $60,141.64 $1,845.15 $0.00 $340.05 $62,326.84
32 $62,326.84 $1,845.15 $0.00 $352.41 $64,524.40
33 $64,524.40 $1,845.15 $0.00 $364.83 $66,734.38
34 $66,734.38 $1,845.15 $0.00 $377.33 $68,956.86
35 $68,956.86 $1,845.15 $0.00 $389.89 $71,191.90
36 $71,191.90 $1,845.15 $0.00 $402.53 $73,439.58
37 $73,439.58 $1,845.15 $0.00 $415.24 $75,699.97
38 $75,699.97 $1,845.15 $0.00 $428.02 $77,973.14
39 $77,973.14 $1,845.15 $0.00 $440.87 $80,259.16
40 $80,259.16 $1,845.15 $0.00 $453.80 $82,558.11
41 $82,558.11 $1,845.15 $0.00 $466.80 $84,870.06
42 $84,870.06 $1,845.15 $0.00 $479.87 $87,195.08
43 $87,195.08 $1,845.15 $0.00 $493.01 $89,533.24
44 $89,533.24 $1,845.15 $0.00 $506.23 $91,884.62
45 $91,884.62 $1,845.15 $0.00 $519.53 $94,249.30
46 $94,249.30 $1,845.15 $0.00 $532.90 $96,627.35
47 $96,627.35 $1,845.15 $0.00 $546.35 $99,018.85
48 $99,018.85 $1,845.15 $0.00 $559.87 $101,423.87
49 $101,423.87 $1,845.15 $0.00 $573.47 $103,842.49
50 $103,842.49 $1,845.15 $0.00 $587.14 $106,274.78
51 $106,274.78 $1,845.15 $0.00 $600.89 $108,720.82
52 $108,720.82 $1,845.15 $0.00 $614.72 $111,180.69
53 $111,180.69 $1,845.15 $0.00 $628.63 $113,654.47
54 $113,654.47 $1,845.15 $0.00 $642.62 $116,142.24
55 $116,142.24 $1,845.15 $0.00 $656.69 $118,644.08
56 $118,644.08 $1,845.15 $0.00 $670.83 $121,160.06
57 $121,160.06 $1,845.15 $0.00 $685.06 $123,690.27
58 $123,690.27 $1,845.15 $0.00 $699.36 $126,234.78
59 $126,234.78 $1,845.15 $0.00 $713.75 $128,793.68
60 $128,793.68 $1,845.15 $0.00 $728.22 $131,367.05
61 $131,367.05 $1,845.15 $0.00 $742.77 $133,954.97
62 $133,954.97 $1,845.15 $0.00 $757.40 $136,557.52
63 $136,557.52 $1,845.15 $0.00 $772.12 $139,174.79
64 $139,174.79 $1,845.15 $0.00 $786.91 $141,806.85
65 $141,806.85 $1,845.15 $0.00 $801.80 $144,453.80
66 $144,453.80 $1,845.15 $0.00 $816.76 $147,115.71
67 $147,115.71 $1,845.15 $0.00 $831.81 $149,792.67
68 $149,792.67 $1,845.15 $0.00 $846.95 $152,484.77
69 $152,484.77 $1,845.15 $0.00 $862.17 $155,192.09
70 $155,192.09 $1,845.15 $0.00 $877.48 $157,914.72
71 $157,914.72 $1,845.15 $0.00 $892.87 $160,652.74
72 $160,652.74 $1,845.15 $0.00 $908.35 $163,406.24
73 $163,406.24 $1,845.15 $0.00 $923.92 $166,175.31
74 $166,175.31 $1,845.15 $0.00 $939.58 $168,960.04
75 $168,960.04 $1,845.15 $0.00 $955.32 $171,760.51
76 $171,760.51 $1,845.15 $0.00 $971.16 $174,576.82
77 $174,576.82 $1,845.15 $0.00 $987.08 $177,409.05
78 $177,409.05 $1,845.15 $0.00 $1,003.10 $180,257.30
79 $180,257.30 $1,845.15 $0.00 $1,019.20 $183,121.65
80 $183,121.65 $1,845.15 $0.00 $1,035.40 $186,002.20
81 $186,002.20 $1,845.15 $0.00 $1,051.68 $188,899.03
82 $188,899.03 $1,845.15 $0.00 $1,068.06 $191,812.24
83 $191,812.24 $1,845.15 $0.00 $1,084.53 $194,741.92
84 $194,741.92 $1,845.15 $0.00 $1,101.10 $197,688.17
85 $197,688.17 $1,845.15 $0.00 $1,117.76 $200,651.08
86 $200,651.08 $1,845.15 $0.00 $1,134.51 $203,630.74
87 $203,630.74 $1,845.15 $0.00 $1,151.36 $206,627.25
88 $206,627.25 $1,845.15 $0.00 $1,168.30 $209,640.70
89 $209,640.70 $1,845.15 $0.00 $1,185.34 $212,671.19
90 $212,671.19 $1,845.15 $0.00 $1,202.47 $215,718.81
91 $215,718.81 $1,845.15 $0.00 $1,219.71 $218,783.67
92 $218,783.67 $1,845.15 $0.00 $1,237.03 $221,865.85
93 $221,865.85 $1,845.15 $0.00 $1,254.46 $224,965.46
94 $224,965.46 $1,845.15 $0.00 $1,271.99 $228,082.60
95 $228,082.60 $1,845.15 $0.00 $1,289.61 $231,217.36
96 $231,217.36 $1,845.15 $0.00 $1,307.34 $234,369.85
97 $234,369.85 $1,845.15 $0.00 $1,325.16 $237,540.16
98 $237,540.16 $1,845.15 $0.00 $1,343.09 $240,728.40
99 $240,728.40 $1,845.15 $0.00 $1,361.11 $243,934.66
100 $243,934.66 $1,845.15 $0.00 $1,379.24 $247,159.05
101 $247,159.05 $1,845.15 $0.00 $1,397.47 $250,401.67
102 $250,401.67 $1,845.15 $0.00 $1,415.81 $253,662.63
103 $253,662.63 $1,845.15 $0.00 $1,434.25 $256,942.03
104 $256,942.03 $1,845.15 $0.00 $1,452.79 $260,239.97
105 $260,239.97 $1,845.15 $0.00 $1,471.43 $263,556.55
106 $263,556.55 $1,845.15 $0.00 $1,490.19 $266,891.89
107 $266,891.89 $1,845.15 $0.00 $1,509.05 $270,246.09
108 $270,246.09 $1,845.15 $0.00 $1,528.01 $273,619.25
109 $273,619.25 $1,845.15 $0.00 $1,547.08 $277,011.48
110 $277,011.48 $1,845.15 $0.00 $1,566.26 $280,422.89
111 $280,422.89 $1,845.15 $0.00 $1,585.55 $283,853.59
112 $283,853.59 $1,845.15 $0.00 $1,604.95 $287,303.69
113 $287,303.69 $1,845.15 $0.00 $1,624.46 $290,773.30
114 $290,773.30 $1,845.15 $0.00 $1,644.07 $294,262.52
115 $294,262.52 $1,845.15 $0.00 $1,663.80 $297,771.47
116 $297,771.47 $1,845.15 $0.00 $1,683.64 $301,300.26
117 $301,300.26 $1,845.15 $0.00 $1,703.60 $304,849.01
118 $304,849.01 $1,845.15 $0.00 $1,723.66 $308,417.82
119 $308,417.82 $1,845.15 $0.00 $1,743.84 $312,006.81
120 $312,006.81 $1,845.15 $0.00 $1,764.13 $315,616.09
121 $315,616.09 $1,845.15 $0.00 $1,784.54 $319,245.78
122 $319,245.78 $1,845.15 $0.00 $1,805.06 $322,895.99
123 $322,895.99 $1,845.15 $0.00 $1,825.70 $326,566.84
124 $326,566.84 $1,845.15 $0.00 $1,846.46 $330,258.45
125 $330,258.45 $1,845.15 $0.00 $1,867.33 $333,970.93
126 $333,970.93 $1,845.15 $0.00 $1,888.32 $337,704.40
127 $337,704.40 $1,845.15 $0.00 $1,909.43 $341,458.98
128 $341,458.98 $1,845.15 $0.00 $1,930.66 $345,234.79
129 $345,234.79 $1,845.15 $0.00 $1,952.01 $349,031.95
130 $349,031.95 $1,845.15 $0.00 $1,973.48 $352,850.58
131 $352,850.58 $1,845.15 $0.00 $1,995.07 $356,690.80
132 $356,690.80 $1,845.15 $0.00 $2,016.78 $360,552.73
133 $360,552.73 $1,845.15 $0.00 $2,038.62 $364,436.50
134 $364,436.50 $1,845.15 $0.00 $2,060.58 $368,342.23
135 $368,342.23 $1,845.15 $0.00 $2,082.66 $372,270.04
136 $372,270.04 $1,845.15 $0.00 $2,104.87 $376,220.06
137 $376,220.06 $1,845.15 $0.00 $2,127.20 $380,192.41
138 $380,192.41 $1,845.15 $0.00 $2,149.66 $384,187.22
139 $384,187.22 $1,845.15 $0.00 $2,172.25 $388,204.62
140 $388,204.62 $1,845.15 $0.00 $2,194.97 $392,244.74
141 $392,244.74 $1,845.15 $0.00 $2,217.81 $396,307.70
142 $396,307.70 $1,845.15 $0.00 $2,240.78 $400,393.63
143 $400,393.63 $1,845.15 $0.00 $2,263.88 $404,502.66
144 $404,502.66 $1,845.15 $0.00 $2,287.12 $408,634.93
145 $408,634.93 $1,845.15 $0.00 $2,310.48 $412,790.56
146 $412,790.56 $1,845.15 $0.00 $2,333.98 $416,969.69
147 $416,969.69 $1,845.15 $0.00 $2,357.61 $421,172.45
148 $421,172.45 $1,845.15 $0.00 $2,381.37 $425,398.97
149 $425,398.97 $1,845.15 $0.00 $2,405.27 $429,649.39
150 $429,649.39 $1,845.15 $0.00 $2,429.30 $433,923.84
151 $433,923.84 $1,845.15 $0.00 $2,453.47 $438,222.46
152 $438,222.46 $1,845.15 $0.00 $2,477.77 $442,545.38
153 $442,545.38 $1,845.15 $0.00 $2,502.22 $446,892.75
154 $446,892.75 $1,845.15 $0.00 $2,526.80 $451,264.70
155 $451,264.70 $1,845.15 $0.00 $2,551.52 $455,661.37
156 $455,661.37 $1,845.15 $0.00 $2,576.38 $460,082.90
157 $460,082.90 $1,845.15 $0.00 $2,601.38 $464,529.43
158 $464,529.43 $1,845.15 $0.00 $2,626.52 $469,001.10
159 $469,001.10 $1,845.15 $0.00 $2,651.80 $473,498.05
160 $473,498.05 $1,845.15 $0.00 $2,677.23 $478,020.43
161 $478,020.43 $1,845.15 $0.00 $2,702.80 $482,568.38
162 $482,568.38 $1,845.15 $0.00 $2,728.51 $487,142.04
163 $487,142.04 $1,845.15 $0.00 $2,754.37 $491,741.56
164 $491,741.56 $1,845.15 $0.00 $2,780.38 $496,367.09
165 $496,367.09 $1,845.15 $0.00 $2,806.53 $501,018.77
166 $501,018.77 $1,845.15 $0.00 $2,832.83 $505,696.75
167 $505,696.75 $1,845.15 $0.00 $2,859.28 $510,401.18
168 $510,401.18 $1,845.15 $0.00 $2,885.88 $515,132.21
169 $515,132.21 $1,845.15 $0.00 $2,912.63 $519,889.99
170 $519,889.99 $1,845.15 $0.00 $2,939.53 $524,674.67
171 $524,674.67 $1,845.15 $0.00 $2,966.59 $529,486.41
172 $529,486.41 $1,845.15 $0.00 $2,993.79 $534,325.35
173 $534,325.35 $1,845.15 $0.00 $3,021.15 $539,191.65
174 $539,191.65 $1,845.15 $0.00 $3,048.67 $544,085.47
175 $544,085.47 $1,845.15 $0.00 $3,076.34 $549,006.96
176 $549,006.96 $1,845.15 $0.00 $3,104.17 $553,956.28
177 $553,956.28 $1,845.15 $0.00 $3,132.15 $558,933.58
178 $558,933.58 $1,845.15 $0.00 $3,160.29 $563,939.02
179 $563,939.02 $1,845.15 $0.00 $3,188.59 $568,972.76
180 $568,972.76 $1,845.15 $0.00 $3,217.05 $574,034.96
181 $574,034.96 $1,845.15 $0.00 $3,245.68 $579,125.79
182 $579,125.79 $1,845.15 $0.00 $3,274.46 $584,245.40
183 $584,245.40 $1,845.15 $0.00 $3,303.41 $589,393.96
184 $589,393.96 $1,845.15 $0.00 $3,332.52 $594,571.63
185 $594,571.63 $1,845.15 $0.00 $3,361.79 $599,778.57
186 $599,778.57 $1,845.15 $0.00 $3,391.24 $605,014.96
187 $605,014.96 $1,845.15 $0.00 $3,420.84 $610,280.95
188 $610,280.95 $1,845.15 $0.00 $3,450.62 $615,576.72
189 $615,576.72 $1,845.15 $0.00 $3,480.56 $620,902.43
190 $620,902.43 $1,845.15 $0.00 $3,510.67 $626,258.25
191 $626,258.25 $1,845.15 $0.00 $3,540.96 $631,644.36
192 $631,644.36 $1,845.15 $0.00 $3,571.41 $637,060.92
193 $637,060.92 $1,845.15 $0.00 $3,602.04 $642,508.11
194 $642,508.11 $1,845.15 $0.00 $3,632.83 $647,986.09
195 $647,986.09 $1,845.15 $0.00 $3,663.81 $653,495.05
196 $653,495.05 $1,845.15 $0.00 $3,694.96 $659,035.16
197 $659,035.16 $1,845.15 $0.00 $3,726.28 $664,606.59
198 $664,606.59 $1,845.15 $0.00 $3,757.78 $670,209.52
199 $670,209.52 $1,845.15 $0.00 $3,789.46 $675,844.13
200 $675,844.13 $1,845.15 $0.00 $3,821.32 $681,510.60
201 $681,510.60 $1,845.15 $0.00 $3,853.36 $687,209.11
202 $687,209.11 $1,845.15 $0.00 $3,885.58 $692,939.84
203 $692,939.84 $1,845.15 $0.00 $3,917.98 $698,702.97
204 $698,702.97 $1,845.15 $0.00 $3,950.57 $704,498.69
205 $704,498.69 $1,845.15 $0.00 $3,983.34 $710,327.18
206 $710,327.18 $1,845.15 $0.00 $4,016.29 $716,188.62
207 $716,188.62 $1,845.15 $0.00 $4,049.43 $722,083.20
208 $722,083.20 $1,845.15 $0.00 $4,082.76 $728,011.11
209 $728,011.11 $1,845.15 $0.00 $4,116.28 $733,972.54
210 $733,972.54 $1,845.15 $0.00 $4,149.99 $739,967.68
211 $739,967.68 $1,845.15 $0.00 $4,183.88 $745,996.71
212 $745,996.71 $1,845.15 $0.00 $4,217.97 $752,059.83
213 $752,059.83 $1,845.15 $0.00 $4,252.26 $758,157.24
214 $758,157.24 $1,845.15 $0.00 $4,286.73 $764,289.12
215 $764,289.12 $1,845.15 $0.00 $4,321.40 $770,455.67
216 $770,455.67 $1,845.15 $0.00 $4,356.27 $776,657.09
217 $776,657.09 $1,845.15 $210,333.19 $4,391.33 $572,560.38
218 $572,560.38 $1,845.15 $0.00 $3,237.34 $577,642.87
219 $577,642.87 $1,845.15 $0.00 $3,266.08 $582,754.10
220 $582,754.10 $1,845.15 $0.00 $3,294.98 $587,894.23
221 $587,894.23 $1,845.15 $0.00 $3,324.04 $593,063.42
222 $593,063.42 $1,845.15 $0.00 $3,353.27 $598,261.84
223 $598,261.84 $1,845.15 $0.00 $3,382.66 $603,489.65
224 $603,489.65 $1,845.15 $0.00 $3,412.22 $608,747.02
225 $608,747.02 $1,845.15 $0.00 $3,441.94 $614,034.11
226 $614,034.11 $1,845.15 $0.00 $3,471.84 $619,351.10
227 $619,351.10 $1,845.15 $0.00 $3,501.90 $624,698.15
228 $624,698.15 $1,845.15 $0.00 $3,532.13 $630,075.43
229 $630,075.43 $1,845.15 $225,056.51 $3,562.54 $410,426.61
230 $410,426.61 $1,845.15 $0.00 $2,320.61 $414,592.37
231 $414,592.37 $1,845.15 $0.00 $2,344.17 $418,781.69
232 $418,781.69 $1,845.15 $0.00 $2,367.85 $422,994.69
233 $422,994.69 $1,845.15 $0.00 $2,391.67 $427,231.51
234 $427,231.51 $1,845.15 $0.00 $2,415.63 $431,492.29
235 $431,492.29 $1,845.15 $0.00 $2,439.72 $435,777.16
236 $435,777.16 $1,845.15 $0.00 $2,463.95 $440,086.26
237 $440,086.26 $1,845.15 $0.00 $2,488.31 $444,419.72
238 $444,419.72 $1,845.15 $0.00 $2,512.81 $448,777.68
239 $448,777.68 $1,845.15 $0.00 $2,537.45 $453,160.28
240 $453,160.28 $1,845.15 $0.00 $2,562.23 $457,567.66
241 $457,567.66 $1,845.15 $240,810.46 $2,587.15 $221,189.50
242 $221,189.50 $1,845.15 $0.00 $1,250.64 $224,285.29
243 $224,285.29 $1,845.15 $0.00 $1,268.14 $227,398.58
244 $227,398.58 $1,845.15 $0.00 $1,285.74 $230,529.47
245 $230,529.47 $1,845.15 $0.00 $1,303.45 $233,678.07
246 $233,678.07 $1,845.15 $0.00 $1,321.25 $236,844.47
247 $236,844.47 $1,845.15 $0.00 $1,339.15 $240,028.77
248 $240,028.77 $1,845.15 $0.00 $1,357.16 $243,231.08
249 $243,231.08 $1,845.15 $0.00 $1,375.26 $246,451.49
250 $246,451.49 $1,845.15 $0.00 $1,393.47 $249,690.11
251 $249,690.11 $1,845.15 $0.00 $1,411.78 $252,947.04
252 $252,947.04 $1,845.15 $0.00 $1,430.20 $256,222.39
253 $256,222.39 $0.00 $257,667.20 $1,448.72 $3.91