Savings Plan and Future Cost Estimation for Westfield State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$69,960
Monthly savings required$554

How much will it cost to send your child to Westfield State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $279,838.20 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $553.78 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$26,978.00
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 $553.78 $0.00 $0.00 $553.78
2 $553.78 $553.78 $0.00 $3.13 $1,110.69
3 $1,110.69 $553.78 $0.00 $6.28 $1,670.75
4 $1,670.75 $553.78 $0.00 $9.45 $2,233.98
5 $2,233.98 $553.78 $0.00 $12.63 $2,800.39
6 $2,800.39 $553.78 $0.00 $15.83 $3,370.00
7 $3,370.00 $553.78 $0.00 $19.05 $3,942.83
8 $3,942.83 $553.78 $0.00 $22.29 $4,518.90
9 $4,518.90 $553.78 $0.00 $25.55 $5,098.23
10 $5,098.23 $553.78 $0.00 $28.83 $5,680.84
11 $5,680.84 $553.78 $0.00 $32.12 $6,266.74
12 $6,266.74 $553.78 $0.00 $35.43 $6,855.95
13 $6,855.95 $553.78 $0.00 $38.76 $7,448.49
14 $7,448.49 $553.78 $0.00 $42.11 $8,044.38
15 $8,044.38 $553.78 $0.00 $45.48 $8,643.64
16 $8,643.64 $553.78 $0.00 $48.87 $9,246.29
17 $9,246.29 $553.78 $0.00 $52.28 $9,852.35
18 $9,852.35 $553.78 $0.00 $55.71 $10,461.84
19 $10,461.84 $553.78 $0.00 $59.15 $11,074.77
20 $11,074.77 $553.78 $0.00 $62.62 $11,691.17
21 $11,691.17 $553.78 $0.00 $66.10 $12,311.05
22 $12,311.05 $553.78 $0.00 $69.61 $12,934.44
23 $12,934.44 $553.78 $0.00 $73.13 $13,561.35
24 $13,561.35 $553.78 $0.00 $76.68 $14,191.81
25 $14,191.81 $553.78 $0.00 $80.24 $14,825.83
26 $14,825.83 $553.78 $0.00 $83.83 $15,463.44
27 $15,463.44 $553.78 $0.00 $87.43 $16,104.65
28 $16,104.65 $553.78 $0.00 $91.06 $16,749.49
29 $16,749.49 $553.78 $0.00 $94.70 $17,397.97
30 $17,397.97 $553.78 $0.00 $98.37 $18,050.12
31 $18,050.12 $553.78 $0.00 $102.06 $18,705.96
32 $18,705.96 $553.78 $0.00 $105.77 $19,365.51
33 $19,365.51 $553.78 $0.00 $109.50 $20,028.79
34 $20,028.79 $553.78 $0.00 $113.25 $20,695.82
35 $20,695.82 $553.78 $0.00 $117.02 $21,366.62
36 $21,366.62 $553.78 $0.00 $120.81 $22,041.21
37 $22,041.21 $553.78 $0.00 $124.62 $22,719.61
38 $22,719.61 $553.78 $0.00 $128.46 $23,401.85
39 $23,401.85 $553.78 $0.00 $132.32 $24,087.95
40 $24,087.95 $553.78 $0.00 $136.20 $24,777.93
41 $24,777.93 $553.78 $0.00 $140.10 $25,471.81
42 $25,471.81 $553.78 $0.00 $144.02 $26,169.61
43 $26,169.61 $553.78 $0.00 $147.97 $26,871.36
44 $26,871.36 $553.78 $0.00 $151.93 $27,577.07
45 $27,577.07 $553.78 $0.00 $155.92 $28,286.77
46 $28,286.77 $553.78 $0.00 $159.94 $29,000.49
47 $29,000.49 $553.78 $0.00 $163.97 $29,718.24
48 $29,718.24 $553.78 $0.00 $168.03 $30,440.05
49 $30,440.05 $553.78 $0.00 $172.11 $31,165.94
50 $31,165.94 $553.78 $0.00 $176.22 $31,895.94
51 $31,895.94 $553.78 $0.00 $180.34 $32,630.06
52 $32,630.06 $553.78 $0.00 $184.50 $33,368.34
53 $33,368.34 $553.78 $0.00 $188.67 $34,110.79
54 $34,110.79 $553.78 $0.00 $192.87 $34,857.44
55 $34,857.44 $553.78 $0.00 $197.09 $35,608.31
56 $35,608.31 $553.78 $0.00 $201.33 $36,363.42
57 $36,363.42 $553.78 $0.00 $205.60 $37,122.80
58 $37,122.80 $553.78 $0.00 $209.90 $37,886.48
59 $37,886.48 $553.78 $0.00 $214.22 $38,654.48
60 $38,654.48 $553.78 $0.00 $218.56 $39,426.82
61 $39,426.82 $553.78 $0.00 $222.92 $40,203.52
62 $40,203.52 $553.78 $0.00 $227.32 $40,984.62
63 $40,984.62 $553.78 $0.00 $231.73 $41,770.13
64 $41,770.13 $553.78 $0.00 $236.17 $42,560.08
65 $42,560.08 $553.78 $0.00 $240.64 $43,354.50
66 $43,354.50 $553.78 $0.00 $245.13 $44,153.41
67 $44,153.41 $553.78 $0.00 $249.65 $44,956.84
68 $44,956.84 $553.78 $0.00 $254.19 $45,764.81
69 $45,764.81 $553.78 $0.00 $258.76 $46,577.35
70 $46,577.35 $553.78 $0.00 $263.36 $47,394.49
71 $47,394.49 $553.78 $0.00 $267.98 $48,216.25
72 $48,216.25 $553.78 $0.00 $272.62 $49,042.65
73 $49,042.65 $553.78 $0.00 $277.29 $49,873.72
74 $49,873.72 $553.78 $0.00 $281.99 $50,709.49
75 $50,709.49 $553.78 $0.00 $286.72 $51,549.99
76 $51,549.99 $553.78 $0.00 $291.47 $52,395.24
77 $52,395.24 $553.78 $0.00 $296.25 $53,245.27
78 $53,245.27 $553.78 $0.00 $301.06 $54,100.11
79 $54,100.11 $553.78 $0.00 $305.89 $54,959.78
80 $54,959.78 $553.78 $0.00 $310.75 $55,824.31
81 $55,824.31 $553.78 $0.00 $315.64 $56,693.73
82 $56,693.73 $553.78 $0.00 $320.55 $57,568.06
83 $57,568.06 $553.78 $0.00 $325.50 $58,447.34
84 $58,447.34 $553.78 $0.00 $330.47 $59,331.59
85 $59,331.59 $553.78 $0.00 $335.47 $60,220.84
86 $60,220.84 $553.78 $0.00 $340.50 $61,115.12
87 $61,115.12 $553.78 $0.00 $345.55 $62,014.45
88 $62,014.45 $553.78 $0.00 $350.64 $62,918.87
89 $62,918.87 $553.78 $0.00 $355.75 $63,828.40
90 $63,828.40 $553.78 $0.00 $360.90 $64,743.08
91 $64,743.08 $553.78 $0.00 $366.07 $65,662.93
92 $65,662.93 $553.78 $0.00 $371.27 $66,587.98
93 $66,587.98 $553.78 $0.00 $376.50 $67,518.26
94 $67,518.26 $553.78 $0.00 $381.76 $68,453.80
95 $68,453.80 $553.78 $0.00 $387.05 $69,394.63
96 $69,394.63 $553.78 $0.00 $392.37 $70,340.78
97 $70,340.78 $553.78 $0.00 $397.72 $71,292.28
98 $71,292.28 $553.78 $0.00 $403.10 $72,249.16
99 $72,249.16 $553.78 $0.00 $408.51 $73,211.45
100 $73,211.45 $553.78 $0.00 $413.95 $74,179.18
101 $74,179.18 $553.78 $0.00 $419.42 $75,152.38
102 $75,152.38 $553.78 $0.00 $424.92 $76,131.08
103 $76,131.08 $553.78 $0.00 $430.46 $77,115.32
104 $77,115.32 $553.78 $0.00 $436.02 $78,105.12
105 $78,105.12 $553.78 $0.00 $441.62 $79,100.52
106 $79,100.52 $553.78 $0.00 $447.25 $80,101.55
107 $80,101.55 $553.78 $0.00 $452.91 $81,108.24
108 $81,108.24 $553.78 $0.00 $458.60 $82,120.62
109 $82,120.62 $553.78 $0.00 $464.32 $83,138.72
110 $83,138.72 $553.78 $0.00 $470.08 $84,162.58
111 $84,162.58 $553.78 $0.00 $475.87 $85,192.23
112 $85,192.23 $553.78 $0.00 $481.69 $86,227.70
113 $86,227.70 $553.78 $0.00 $487.54 $87,269.02
114 $87,269.02 $553.78 $0.00 $493.43 $88,316.23
115 $88,316.23 $553.78 $0.00 $499.35 $89,369.36
116 $89,369.36 $553.78 $0.00 $505.31 $90,428.45
117 $90,428.45 $553.78 $0.00 $511.30 $91,493.53
118 $91,493.53 $553.78 $0.00 $517.32 $92,564.63
119 $92,564.63 $553.78 $0.00 $523.37 $93,641.78
120 $93,641.78 $553.78 $0.00 $529.46 $94,725.02
121 $94,725.02 $553.78 $0.00 $535.59 $95,814.39
122 $95,814.39 $553.78 $0.00 $541.75 $96,909.92
123 $96,909.92 $553.78 $0.00 $547.94 $98,011.64
124 $98,011.64 $553.78 $0.00 $554.17 $99,119.59
125 $99,119.59 $553.78 $0.00 $560.44 $100,233.81
126 $100,233.81 $553.78 $0.00 $566.74 $101,354.33
127 $101,354.33 $553.78 $0.00 $573.07 $102,481.18
128 $102,481.18 $553.78 $0.00 $579.44 $103,614.40
129 $103,614.40 $553.78 $0.00 $585.85 $104,754.03
130 $104,754.03 $553.78 $0.00 $592.29 $105,900.10
131 $105,900.10 $553.78 $0.00 $598.77 $107,052.65
132 $107,052.65 $553.78 $0.00 $605.29 $108,211.72
133 $108,211.72 $553.78 $0.00 $611.84 $109,377.34
134 $109,377.34 $553.78 $0.00 $618.44 $110,549.56
135 $110,549.56 $553.78 $0.00 $625.06 $111,728.40
136 $111,728.40 $553.78 $0.00 $631.73 $112,913.91
137 $112,913.91 $553.78 $0.00 $638.43 $114,106.12
138 $114,106.12 $553.78 $0.00 $645.17 $115,305.07
139 $115,305.07 $553.78 $0.00 $651.95 $116,510.80
140 $116,510.80 $553.78 $0.00 $658.77 $117,723.35
141 $117,723.35 $553.78 $0.00 $665.62 $118,942.75
142 $118,942.75 $553.78 $0.00 $672.52 $120,169.05
143 $120,169.05 $553.78 $0.00 $679.45 $121,402.28
144 $121,402.28 $553.78 $0.00 $686.43 $122,642.49
145 $122,642.49 $553.78 $0.00 $693.44 $123,889.71
146 $123,889.71 $553.78 $0.00 $700.49 $125,143.98
147 $125,143.98 $553.78 $0.00 $707.58 $126,405.34
148 $126,405.34 $553.78 $0.00 $714.71 $127,673.83
149 $127,673.83 $553.78 $0.00 $721.89 $128,949.50
150 $128,949.50 $553.78 $0.00 $729.10 $130,232.38
151 $130,232.38 $553.78 $0.00 $736.35 $131,522.51
152 $131,522.51 $553.78 $0.00 $743.65 $132,819.94
153 $132,819.94 $553.78 $0.00 $750.98 $134,124.70
154 $134,124.70 $553.78 $0.00 $758.36 $135,436.84
155 $135,436.84 $553.78 $0.00 $765.78 $136,756.40
156 $136,756.40 $553.78 $0.00 $773.24 $138,083.42
157 $138,083.42 $553.78 $0.00 $780.74 $139,417.94
158 $139,417.94 $553.78 $0.00 $788.29 $140,760.01
159 $140,760.01 $553.78 $0.00 $795.88 $142,109.67
160 $142,109.67 $553.78 $0.00 $803.51 $143,466.96
161 $143,466.96 $553.78 $0.00 $811.18 $144,831.92
162 $144,831.92 $553.78 $0.00 $818.90 $146,204.60
163 $146,204.60 $553.78 $0.00 $826.66 $147,585.04
164 $147,585.04 $553.78 $0.00 $834.47 $148,973.29
165 $148,973.29 $553.78 $0.00 $842.32 $150,369.39
166 $150,369.39 $553.78 $0.00 $850.21 $151,773.38
167 $151,773.38 $553.78 $0.00 $858.15 $153,185.31
168 $153,185.31 $553.78 $0.00 $866.13 $154,605.22
169 $154,605.22 $553.78 $0.00 $874.16 $156,033.16
170 $156,033.16 $553.78 $0.00 $882.23 $157,469.17
171 $157,469.17 $553.78 $0.00 $890.35 $158,913.30
172 $158,913.30 $553.78 $0.00 $898.52 $160,365.60
173 $160,365.60 $553.78 $0.00 $906.73 $161,826.11
174 $161,826.11 $553.78 $0.00 $914.99 $163,294.88
175 $163,294.88 $553.78 $0.00 $923.29 $164,771.95
176 $164,771.95 $553.78 $0.00 $931.64 $166,257.37
177 $166,257.37 $553.78 $0.00 $940.04 $167,751.19
178 $167,751.19 $553.78 $0.00 $948.49 $169,253.46
179 $169,253.46 $553.78 $0.00 $956.98 $170,764.22
180 $170,764.22 $553.78 $0.00 $965.53 $172,283.53
181 $172,283.53 $553.78 $0.00 $974.12 $173,811.43
182 $173,811.43 $553.78 $0.00 $982.76 $175,347.97
183 $175,347.97 $553.78 $0.00 $991.44 $176,893.19
184 $176,893.19 $553.78 $0.00 $1,000.18 $178,447.15
185 $178,447.15 $553.78 $0.00 $1,008.97 $180,009.90
186 $180,009.90 $553.78 $0.00 $1,017.80 $181,581.48
187 $181,581.48 $553.78 $0.00 $1,026.69 $183,161.95
188 $183,161.95 $553.78 $0.00 $1,035.62 $184,751.35
189 $184,751.35 $553.78 $0.00 $1,044.61 $186,349.74
190 $186,349.74 $553.78 $0.00 $1,053.65 $187,957.17
191 $187,957.17 $553.78 $0.00 $1,062.74 $189,573.69
192 $189,573.69 $553.78 $0.00 $1,071.88 $191,199.35
193 $191,199.35 $553.78 $0.00 $1,081.07 $192,834.20
194 $192,834.20 $553.78 $0.00 $1,090.31 $194,478.29
195 $194,478.29 $553.78 $0.00 $1,099.61 $196,131.68
196 $196,131.68 $553.78 $0.00 $1,108.96 $197,794.42
197 $197,794.42 $553.78 $0.00 $1,118.36 $199,466.56
198 $199,466.56 $553.78 $0.00 $1,127.81 $201,148.15
199 $201,148.15 $553.78 $0.00 $1,137.32 $202,839.25
200 $202,839.25 $553.78 $0.00 $1,146.88 $204,539.91
201 $204,539.91 $553.78 $0.00 $1,156.50 $206,250.19
202 $206,250.19 $553.78 $0.00 $1,166.17 $207,970.14
203 $207,970.14 $553.78 $0.00 $1,175.89 $209,699.81
204 $209,699.81 $553.78 $0.00 $1,185.67 $211,439.26
205 $211,439.26 $553.78 $0.00 $1,195.51 $213,188.55
206 $213,188.55 $553.78 $0.00 $1,205.40 $214,947.73
207 $214,947.73 $553.78 $0.00 $1,215.35 $216,716.86
208 $216,716.86 $553.78 $0.00 $1,225.35 $218,495.99
209 $218,495.99 $553.78 $0.00 $1,235.41 $220,285.18
210 $220,285.18 $553.78 $0.00 $1,245.52 $222,084.48
211 $222,084.48 $553.78 $0.00 $1,255.70 $223,893.96
212 $223,893.96 $553.78 $0.00 $1,265.93 $225,713.67
213 $225,713.67 $553.78 $0.00 $1,276.22 $227,543.67
214 $227,543.67 $553.78 $0.00 $1,286.56 $229,384.01
215 $229,384.01 $553.78 $0.00 $1,296.97 $231,234.76
216 $231,234.76 $553.78 $0.00 $1,307.43 $233,095.97
217 $233,095.97 $553.78 $64,925.77 $1,317.96 $170,041.94
218 $170,041.94 $553.78 $0.00 $961.44 $171,557.16
219 $171,557.16 $553.78 $0.00 $970.01 $173,080.95
220 $173,080.95 $553.78 $0.00 $978.62 $174,613.35
221 $174,613.35 $553.78 $0.00 $987.29 $176,154.42
222 $176,154.42 $553.78 $0.00 $996.00 $177,704.20
223 $177,704.20 $553.78 $0.00 $1,004.77 $179,262.75
224 $179,262.75 $553.78 $0.00 $1,013.58 $180,830.11
225 $180,830.11 $553.78 $0.00 $1,022.44 $182,406.33
226 $182,406.33 $553.78 $0.00 $1,031.35 $183,991.46
227 $183,991.46 $553.78 $0.00 $1,040.31 $185,585.55
228 $185,585.55 $553.78 $0.00 $1,049.33 $187,188.66
229 $187,188.66 $553.78 $68,172.06 $1,058.39 $120,628.77
230 $120,628.77 $553.78 $0.00 $682.05 $121,864.60
231 $121,864.60 $553.78 $0.00 $689.04 $123,107.42
232 $123,107.42 $553.78 $0.00 $696.07 $124,357.27
233 $124,357.27 $553.78 $0.00 $703.13 $125,614.18
234 $125,614.18 $553.78 $0.00 $710.24 $126,878.20
235 $126,878.20 $553.78 $0.00 $717.39 $128,149.37
236 $128,149.37 $553.78 $0.00 $724.58 $129,427.73
237 $129,427.73 $553.78 $0.00 $731.80 $130,713.31
238 $130,713.31 $553.78 $0.00 $739.07 $132,006.16
239 $132,006.16 $553.78 $0.00 $746.38 $133,306.32
240 $133,306.32 $553.78 $0.00 $753.73 $134,613.83
241 $134,613.83 $553.78 $71,580.67 $761.13 $64,348.07
242 $64,348.07 $553.78 $0.00 $363.83 $65,265.68
243 $65,265.68 $553.78 $0.00 $369.02 $66,188.48
244 $66,188.48 $553.78 $0.00 $374.24 $67,116.50
245 $67,116.50 $553.78 $0.00 $379.49 $68,049.77
246 $68,049.77 $553.78 $0.00 $384.76 $68,988.31
247 $68,988.31 $553.78 $0.00 $390.07 $69,932.16
248 $69,932.16 $553.78 $0.00 $395.41 $70,881.35
249 $70,881.35 $553.78 $0.00 $400.77 $71,835.90
250 $71,835.90 $553.78 $0.00 $406.17 $72,795.85
251 $72,795.85 $553.78 $0.00 $411.60 $73,761.23
252 $73,761.23 $553.78 $0.00 $417.06 $74,732.07
253 $74,732.07 $0.00 $75,159.70 $422.55 ($5.08)