Savings Plan and Future Cost Estimation for Ferris State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$100,080
Monthly savings required$791

How much will it cost to send your child to Ferris State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $400,318.91 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $790.95 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$26,676.00
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 $790.95 $0.00 $0.00 $790.95
2 $790.95 $790.95 $0.00 $4.47 $1,586.37
3 $1,586.37 $790.95 $0.00 $8.97 $2,386.29
4 $2,386.29 $790.95 $0.00 $13.49 $3,190.73
5 $3,190.73 $790.95 $0.00 $18.04 $3,999.72
6 $3,999.72 $790.95 $0.00 $22.61 $4,813.28
7 $4,813.28 $790.95 $0.00 $27.21 $5,631.44
8 $5,631.44 $790.95 $0.00 $31.84 $6,454.23
9 $6,454.23 $790.95 $0.00 $36.49 $7,281.67
10 $7,281.67 $790.95 $0.00 $41.17 $8,113.79
11 $8,113.79 $790.95 $0.00 $45.88 $8,950.62
12 $8,950.62 $790.95 $0.00 $50.61 $9,792.18
13 $9,792.18 $790.95 $0.00 $55.37 $10,638.50
14 $10,638.50 $790.95 $0.00 $60.15 $11,489.60
15 $11,489.60 $790.95 $0.00 $64.96 $12,345.51
16 $12,345.51 $790.95 $0.00 $69.80 $13,206.26
17 $13,206.26 $790.95 $0.00 $74.67 $14,071.88
18 $14,071.88 $790.95 $0.00 $79.56 $14,942.39
19 $14,942.39 $790.95 $0.00 $84.49 $15,817.83
20 $15,817.83 $790.95 $0.00 $89.44 $16,698.22
21 $16,698.22 $790.95 $0.00 $94.41 $17,583.58
22 $17,583.58 $790.95 $0.00 $99.42 $18,473.95
23 $18,473.95 $790.95 $0.00 $104.45 $19,369.35
24 $19,369.35 $790.95 $0.00 $109.52 $20,269.82
25 $20,269.82 $790.95 $0.00 $114.61 $21,175.38
26 $21,175.38 $790.95 $0.00 $119.73 $22,086.06
27 $22,086.06 $790.95 $0.00 $124.88 $23,001.89
28 $23,001.89 $790.95 $0.00 $130.06 $23,922.90
29 $23,922.90 $790.95 $0.00 $135.26 $24,849.11
30 $24,849.11 $790.95 $0.00 $140.50 $25,780.56
31 $25,780.56 $790.95 $0.00 $145.77 $26,717.28
32 $26,717.28 $790.95 $0.00 $151.06 $27,659.29
33 $27,659.29 $790.95 $0.00 $156.39 $28,606.63
34 $28,606.63 $790.95 $0.00 $161.75 $29,559.33
35 $29,559.33 $790.95 $0.00 $167.13 $30,517.41
36 $30,517.41 $790.95 $0.00 $172.55 $31,480.91
37 $31,480.91 $790.95 $0.00 $178.00 $32,449.86
38 $32,449.86 $790.95 $0.00 $183.48 $33,424.29
39 $33,424.29 $790.95 $0.00 $188.99 $34,404.23
40 $34,404.23 $790.95 $0.00 $194.53 $35,389.71
41 $35,389.71 $790.95 $0.00 $200.10 $36,380.76
42 $36,380.76 $790.95 $0.00 $205.70 $37,377.41
43 $37,377.41 $790.95 $0.00 $211.34 $38,379.70
44 $38,379.70 $790.95 $0.00 $217.00 $39,387.65
45 $39,387.65 $790.95 $0.00 $222.70 $40,401.30
46 $40,401.30 $790.95 $0.00 $228.43 $41,420.68
47 $41,420.68 $790.95 $0.00 $234.20 $42,445.83
48 $42,445.83 $790.95 $0.00 $239.99 $43,476.77
49 $43,476.77 $790.95 $0.00 $245.82 $44,513.54
50 $44,513.54 $790.95 $0.00 $251.69 $45,556.18
51 $45,556.18 $790.95 $0.00 $257.58 $46,604.71
52 $46,604.71 $790.95 $0.00 $263.51 $47,659.17
53 $47,659.17 $790.95 $0.00 $269.47 $48,719.59
54 $48,719.59 $790.95 $0.00 $275.47 $49,786.01
55 $49,786.01 $790.95 $0.00 $281.50 $50,858.46
56 $50,858.46 $790.95 $0.00 $287.56 $51,936.97
57 $51,936.97 $790.95 $0.00 $293.66 $53,021.58
58 $53,021.58 $790.95 $0.00 $299.79 $54,112.32
59 $54,112.32 $790.95 $0.00 $305.96 $55,209.23
60 $55,209.23 $790.95 $0.00 $312.16 $56,312.34
61 $56,312.34 $790.95 $0.00 $318.40 $57,421.69
62 $57,421.69 $790.95 $0.00 $324.67 $58,537.31
63 $58,537.31 $790.95 $0.00 $330.98 $59,659.24
64 $59,659.24 $790.95 $0.00 $337.32 $60,787.51
65 $60,787.51 $790.95 $0.00 $343.70 $61,922.16
66 $61,922.16 $790.95 $0.00 $350.12 $63,063.23
67 $63,063.23 $790.95 $0.00 $356.57 $64,210.75
68 $64,210.75 $790.95 $0.00 $363.06 $65,364.76
69 $65,364.76 $790.95 $0.00 $369.58 $66,525.29
70 $66,525.29 $790.95 $0.00 $376.14 $67,692.38
71 $67,692.38 $790.95 $0.00 $382.74 $68,866.07
72 $68,866.07 $790.95 $0.00 $389.38 $70,046.40
73 $70,046.40 $790.95 $0.00 $396.05 $71,233.40
74 $71,233.40 $790.95 $0.00 $402.76 $72,427.11
75 $72,427.11 $790.95 $0.00 $409.51 $73,627.57
76 $73,627.57 $790.95 $0.00 $416.30 $74,834.82
77 $74,834.82 $790.95 $0.00 $423.13 $76,048.90
78 $76,048.90 $790.95 $0.00 $429.99 $77,269.84
79 $77,269.84 $790.95 $0.00 $436.89 $78,497.68
80 $78,497.68 $790.95 $0.00 $443.84 $79,732.47
81 $79,732.47 $790.95 $0.00 $450.82 $80,974.24
82 $80,974.24 $790.95 $0.00 $457.84 $82,223.03
83 $82,223.03 $790.95 $0.00 $464.90 $83,478.88
84 $83,478.88 $790.95 $0.00 $472.00 $84,741.83
85 $84,741.83 $790.95 $0.00 $479.14 $86,011.92
86 $86,011.92 $790.95 $0.00 $486.32 $87,289.19
87 $87,289.19 $790.95 $0.00 $493.55 $88,573.69
88 $88,573.69 $790.95 $0.00 $500.81 $89,865.45
89 $89,865.45 $790.95 $0.00 $508.11 $91,164.51
90 $91,164.51 $790.95 $0.00 $515.46 $92,470.92
91 $92,470.92 $790.95 $0.00 $522.84 $93,784.71
92 $93,784.71 $790.95 $0.00 $530.27 $95,105.93
93 $95,105.93 $790.95 $0.00 $537.74 $96,434.62
94 $96,434.62 $790.95 $0.00 $545.26 $97,770.83
95 $97,770.83 $790.95 $0.00 $552.81 $99,114.59
96 $99,114.59 $790.95 $0.00 $560.41 $100,465.95
97 $100,465.95 $790.95 $0.00 $568.05 $101,824.95
98 $101,824.95 $790.95 $0.00 $575.73 $103,191.63
99 $103,191.63 $790.95 $0.00 $583.46 $104,566.04
100 $104,566.04 $790.95 $0.00 $591.23 $105,948.22
101 $105,948.22 $790.95 $0.00 $599.05 $107,338.22
102 $107,338.22 $790.95 $0.00 $606.91 $108,736.08
103 $108,736.08 $790.95 $0.00 $614.81 $110,141.84
104 $110,141.84 $790.95 $0.00 $622.76 $111,555.55
105 $111,555.55 $790.95 $0.00 $630.75 $112,977.25
106 $112,977.25 $790.95 $0.00 $638.79 $114,406.99
107 $114,406.99 $790.95 $0.00 $646.87 $115,844.81
108 $115,844.81 $790.95 $0.00 $655.00 $117,290.76
109 $117,290.76 $790.95 $0.00 $663.18 $118,744.89
110 $118,744.89 $790.95 $0.00 $671.40 $120,207.24
111 $120,207.24 $790.95 $0.00 $679.67 $121,677.86
112 $121,677.86 $790.95 $0.00 $687.98 $123,156.79
113 $123,156.79 $790.95 $0.00 $696.35 $124,644.09
114 $124,644.09 $790.95 $0.00 $704.76 $126,139.80
115 $126,139.80 $790.95 $0.00 $713.21 $127,643.96
116 $127,643.96 $790.95 $0.00 $721.72 $129,156.63
117 $129,156.63 $790.95 $0.00 $730.27 $130,677.85
118 $130,677.85 $790.95 $0.00 $738.87 $132,207.67
119 $132,207.67 $790.95 $0.00 $747.52 $133,746.14
120 $133,746.14 $790.95 $0.00 $756.22 $135,293.31
121 $135,293.31 $790.95 $0.00 $764.97 $136,849.23
122 $136,849.23 $790.95 $0.00 $773.77 $138,413.95
123 $138,413.95 $790.95 $0.00 $782.61 $139,987.51
124 $139,987.51 $790.95 $0.00 $791.51 $141,569.97
125 $141,569.97 $790.95 $0.00 $800.46 $143,161.38
126 $143,161.38 $790.95 $0.00 $809.46 $144,761.79
127 $144,761.79 $790.95 $0.00 $818.50 $146,371.24
128 $146,371.24 $790.95 $0.00 $827.60 $147,989.79
129 $147,989.79 $790.95 $0.00 $836.76 $149,617.50
130 $149,617.50 $790.95 $0.00 $845.96 $151,254.41
131 $151,254.41 $790.95 $0.00 $855.21 $152,900.57
132 $152,900.57 $790.95 $0.00 $864.52 $154,556.04
133 $154,556.04 $790.95 $0.00 $873.88 $156,220.87
134 $156,220.87 $790.95 $0.00 $883.30 $157,895.12
135 $157,895.12 $790.95 $0.00 $892.76 $159,578.83
136 $159,578.83 $790.95 $0.00 $902.28 $161,272.06
137 $161,272.06 $790.95 $0.00 $911.86 $162,974.87
138 $162,974.87 $790.95 $0.00 $921.48 $164,687.30
139 $164,687.30 $790.95 $0.00 $931.17 $166,409.42
140 $166,409.42 $790.95 $0.00 $940.90 $168,141.27
141 $168,141.27 $790.95 $0.00 $950.70 $169,882.92
142 $169,882.92 $790.95 $0.00 $960.54 $171,634.41
143 $171,634.41 $790.95 $0.00 $970.45 $173,395.81
144 $173,395.81 $790.95 $0.00 $980.41 $175,167.17
145 $175,167.17 $790.95 $0.00 $990.42 $176,948.54
146 $176,948.54 $790.95 $0.00 $1,000.49 $178,739.98
147 $178,739.98 $790.95 $0.00 $1,010.62 $180,541.55
148 $180,541.55 $790.95 $0.00 $1,020.81 $182,353.31
149 $182,353.31 $790.95 $0.00 $1,031.05 $184,175.31
150 $184,175.31 $790.95 $0.00 $1,041.35 $186,007.61
151 $186,007.61 $790.95 $0.00 $1,051.71 $187,850.27
152 $187,850.27 $790.95 $0.00 $1,062.13 $189,703.35
153 $189,703.35 $790.95 $0.00 $1,072.61 $191,566.91
154 $191,566.91 $790.95 $0.00 $1,083.15 $193,441.01
155 $193,441.01 $790.95 $0.00 $1,093.74 $195,325.70
156 $195,325.70 $790.95 $0.00 $1,104.40 $197,221.05
157 $197,221.05 $790.95 $0.00 $1,115.12 $199,127.12
158 $199,127.12 $790.95 $0.00 $1,125.89 $201,043.96
159 $201,043.96 $790.95 $0.00 $1,136.73 $202,971.64
160 $202,971.64 $790.95 $0.00 $1,147.63 $204,910.22
161 $204,910.22 $790.95 $0.00 $1,158.59 $206,859.76
162 $206,859.76 $790.95 $0.00 $1,169.62 $208,820.33
163 $208,820.33 $790.95 $0.00 $1,180.70 $210,791.98
164 $210,791.98 $790.95 $0.00 $1,191.85 $212,774.78
165 $212,774.78 $790.95 $0.00 $1,203.06 $214,768.79
166 $214,768.79 $790.95 $0.00 $1,214.33 $216,774.07
167 $216,774.07 $790.95 $0.00 $1,225.67 $218,790.69
168 $218,790.69 $790.95 $0.00 $1,237.07 $220,818.71
169 $220,818.71 $790.95 $0.00 $1,248.54 $222,858.20
170 $222,858.20 $790.95 $0.00 $1,260.07 $224,909.22
171 $224,909.22 $790.95 $0.00 $1,271.67 $226,971.84
172 $226,971.84 $790.95 $0.00 $1,283.33 $229,046.12
173 $229,046.12 $790.95 $0.00 $1,295.06 $231,132.13
174 $231,132.13 $790.95 $0.00 $1,306.85 $233,229.93
175 $233,229.93 $790.95 $0.00 $1,318.72 $235,339.60
176 $235,339.60 $790.95 $0.00 $1,330.64 $237,461.19
177 $237,461.19 $790.95 $0.00 $1,342.64 $239,594.78
178 $239,594.78 $790.95 $0.00 $1,354.70 $241,740.43
179 $241,740.43 $790.95 $0.00 $1,366.84 $243,898.22
180 $243,898.22 $790.95 $0.00 $1,379.04 $246,068.21
181 $246,068.21 $790.95 $0.00 $1,391.31 $248,250.47
182 $248,250.47 $790.95 $0.00 $1,403.64 $250,445.06
183 $250,445.06 $790.95 $0.00 $1,416.05 $252,652.06
184 $252,652.06 $790.95 $0.00 $1,428.53 $254,871.54
185 $254,871.54 $790.95 $0.00 $1,441.08 $257,103.57
186 $257,103.57 $790.95 $0.00 $1,453.70 $259,348.22
187 $259,348.22 $790.95 $0.00 $1,466.39 $261,605.56
188 $261,605.56 $790.95 $0.00 $1,479.16 $263,875.67
189 $263,875.67 $790.95 $0.00 $1,491.99 $266,158.61
190 $266,158.61 $790.95 $0.00 $1,504.90 $268,454.46
191 $268,454.46 $790.95 $0.00 $1,517.88 $270,763.29
192 $270,763.29 $790.95 $0.00 $1,530.94 $273,085.18
193 $273,085.18 $790.95 $0.00 $1,544.06 $275,420.19
194 $275,420.19 $790.95 $0.00 $1,557.27 $277,768.41
195 $277,768.41 $790.95 $0.00 $1,570.54 $280,129.90
196 $280,129.90 $790.95 $0.00 $1,583.90 $282,504.75
197 $282,504.75 $790.95 $0.00 $1,597.32 $284,893.02
198 $284,893.02 $790.95 $0.00 $1,610.83 $287,294.80
199 $287,294.80 $790.95 $0.00 $1,624.41 $289,710.16
200 $289,710.16 $790.95 $0.00 $1,638.06 $292,139.17
201 $292,139.17 $790.95 $0.00 $1,651.80 $294,581.92
202 $294,581.92 $790.95 $0.00 $1,665.61 $297,038.48
203 $297,038.48 $790.95 $0.00 $1,679.50 $299,508.93
204 $299,508.93 $790.95 $0.00 $1,693.47 $301,993.35
205 $301,993.35 $790.95 $0.00 $1,707.51 $304,491.81
206 $304,491.81 $790.95 $0.00 $1,721.64 $307,004.40
207 $307,004.40 $790.95 $0.00 $1,735.85 $309,531.20
208 $309,531.20 $790.95 $0.00 $1,750.13 $312,072.28
209 $312,072.28 $790.95 $0.00 $1,764.50 $314,627.73
210 $314,627.73 $790.95 $0.00 $1,778.95 $317,197.63
211 $317,197.63 $790.95 $0.00 $1,793.48 $319,782.06
212 $319,782.06 $790.95 $0.00 $1,808.09 $322,381.10
213 $322,381.10 $790.95 $0.00 $1,822.79 $324,994.84
214 $324,994.84 $790.95 $0.00 $1,837.57 $327,623.36
215 $327,623.36 $790.95 $0.00 $1,852.43 $330,266.74
216 $330,266.74 $790.95 $0.00 $1,867.38 $332,925.07
217 $332,925.07 $790.95 $90,163.07 $1,882.41 $245,435.36
218 $245,435.36 $790.95 $0.00 $1,387.73 $247,614.04
219 $247,614.04 $790.95 $0.00 $1,400.05 $249,805.04
220 $249,805.04 $790.95 $0.00 $1,412.43 $252,008.42
221 $252,008.42 $790.95 $0.00 $1,424.89 $254,224.26
222 $254,224.26 $790.95 $0.00 $1,437.42 $256,452.63
223 $256,452.63 $790.95 $0.00 $1,450.02 $258,693.60
224 $258,693.60 $790.95 $0.00 $1,462.69 $260,947.24
225 $260,947.24 $790.95 $0.00 $1,475.43 $263,213.62
226 $263,213.62 $790.95 $0.00 $1,488.25 $265,492.82
227 $265,492.82 $790.95 $0.00 $1,501.14 $267,784.91
228 $267,784.91 $790.95 $0.00 $1,514.09 $270,089.95
229 $270,089.95 $790.95 $96,474.49 $1,527.13 $175,933.54
230 $175,933.54 $790.95 $0.00 $994.75 $177,719.24
231 $177,719.24 $790.95 $0.00 $1,004.85 $179,515.04
232 $179,515.04 $790.95 $0.00 $1,015.00 $181,320.99
233 $181,320.99 $790.95 $0.00 $1,025.22 $183,137.16
234 $183,137.16 $790.95 $0.00 $1,035.48 $184,963.59
235 $184,963.59 $790.95 $0.00 $1,045.81 $186,800.35
236 $186,800.35 $790.95 $0.00 $1,056.20 $188,647.50
237 $188,647.50 $790.95 $0.00 $1,066.64 $190,505.09
238 $190,505.09 $790.95 $0.00 $1,077.14 $192,373.18
239 $192,373.18 $790.95 $0.00 $1,087.71 $194,251.84
240 $194,251.84 $790.95 $0.00 $1,098.33 $196,141.12
241 $196,141.12 $790.95 $103,227.70 $1,109.01 $94,813.38
242 $94,813.38 $790.95 $0.00 $536.09 $96,140.42
243 $96,140.42 $790.95 $0.00 $543.59 $97,474.96
244 $97,474.96 $790.95 $0.00 $551.14 $98,817.05
245 $98,817.05 $790.95 $0.00 $558.73 $100,166.73
246 $100,166.73 $790.95 $0.00 $566.36 $101,524.04
247 $101,524.04 $790.95 $0.00 $574.03 $102,889.02
248 $102,889.02 $790.95 $0.00 $581.75 $104,261.72
249 $104,261.72 $790.95 $0.00 $589.51 $105,642.18
250 $105,642.18 $790.95 $0.00 $597.32 $107,030.45
251 $107,030.45 $790.95 $0.00 $605.17 $108,426.57
252 $108,426.57 $790.95 $0.00 $613.06 $109,830.58
253 $109,830.58 $0.00 $110,453.64 $621.00 -$2.06