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 2040$65,512
Monthly savings required$519

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 $262,048.80 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $518.58 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$25,263.00
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 $518.58 $0.00 $0.00 $518.58
2 $518.58 $518.58 $0.00 $2.93 $1,040.09
3 $1,040.09 $518.58 $0.00 $5.88 $1,564.55
4 $1,564.55 $518.58 $0.00 $8.85 $2,091.98
5 $2,091.98 $518.58 $0.00 $11.83 $2,622.39
6 $2,622.39 $518.58 $0.00 $14.83 $3,155.80
7 $3,155.80 $518.58 $0.00 $17.84 $3,692.22
8 $3,692.22 $518.58 $0.00 $20.88 $4,231.68
9 $4,231.68 $518.58 $0.00 $23.93 $4,774.19
10 $4,774.19 $518.58 $0.00 $26.99 $5,319.76
11 $5,319.76 $518.58 $0.00 $30.08 $5,868.42
12 $5,868.42 $518.58 $0.00 $33.18 $6,420.18
13 $6,420.18 $518.58 $0.00 $36.30 $6,975.06
14 $6,975.06 $518.58 $0.00 $39.44 $7,533.08
15 $7,533.08 $518.58 $0.00 $42.59 $8,094.25
16 $8,094.25 $518.58 $0.00 $45.77 $8,658.60
17 $8,658.60 $518.58 $0.00 $48.96 $9,226.14
18 $9,226.14 $518.58 $0.00 $52.17 $9,796.89
19 $9,796.89 $518.58 $0.00 $55.39 $10,370.86
20 $10,370.86 $518.58 $0.00 $58.64 $10,948.08
21 $10,948.08 $518.58 $0.00 $61.90 $11,528.56
22 $11,528.56 $518.58 $0.00 $65.18 $12,112.32
23 $12,112.32 $518.58 $0.00 $68.48 $12,699.38
24 $12,699.38 $518.58 $0.00 $71.80 $13,289.76
25 $13,289.76 $518.58 $0.00 $75.14 $13,883.48
26 $13,883.48 $518.58 $0.00 $78.50 $14,480.56
27 $14,480.56 $518.58 $0.00 $81.88 $15,081.02
28 $15,081.02 $518.58 $0.00 $85.27 $15,684.87
29 $15,684.87 $518.58 $0.00 $88.68 $16,292.13
30 $16,292.13 $518.58 $0.00 $92.12 $16,902.83
31 $16,902.83 $518.58 $0.00 $95.57 $17,516.98
32 $17,516.98 $518.58 $0.00 $99.04 $18,134.60
33 $18,134.60 $518.58 $0.00 $102.54 $18,755.72
34 $18,755.72 $518.58 $0.00 $106.05 $19,380.35
35 $19,380.35 $518.58 $0.00 $109.58 $20,008.51
36 $20,008.51 $518.58 $0.00 $113.13 $20,640.22
37 $20,640.22 $518.58 $0.00 $116.70 $21,275.50
38 $21,275.50 $518.58 $0.00 $120.29 $21,914.37
39 $21,914.37 $518.58 $0.00 $123.91 $22,556.86
40 $22,556.86 $518.58 $0.00 $127.54 $23,202.98
41 $23,202.98 $518.58 $0.00 $131.19 $23,852.75
42 $23,852.75 $518.58 $0.00 $134.87 $24,506.20
43 $24,506.20 $518.58 $0.00 $138.56 $25,163.34
44 $25,163.34 $518.58 $0.00 $142.28 $25,824.20
45 $25,824.20 $518.58 $0.00 $146.01 $26,488.79
46 $26,488.79 $518.58 $0.00 $149.77 $27,157.14
47 $27,157.14 $518.58 $0.00 $153.55 $27,829.27
48 $27,829.27 $518.58 $0.00 $157.35 $28,505.20
49 $28,505.20 $518.58 $0.00 $161.17 $29,184.95
50 $29,184.95 $518.58 $0.00 $165.02 $29,868.55
51 $29,868.55 $518.58 $0.00 $168.88 $30,556.01
52 $30,556.01 $518.58 $0.00 $172.77 $31,247.36
53 $31,247.36 $518.58 $0.00 $176.68 $31,942.62
54 $31,942.62 $518.58 $0.00 $180.61 $32,641.81
55 $32,641.81 $518.58 $0.00 $184.56 $33,344.95
56 $33,344.95 $518.58 $0.00 $188.54 $34,052.07
57 $34,052.07 $518.58 $0.00 $192.54 $34,763.19
58 $34,763.19 $518.58 $0.00 $196.56 $35,478.33
59 $35,478.33 $518.58 $0.00 $200.60 $36,197.51
60 $36,197.51 $518.58 $0.00 $204.67 $36,920.76
61 $36,920.76 $518.58 $0.00 $208.76 $37,648.10
62 $37,648.10 $518.58 $0.00 $212.87 $38,379.55
63 $38,379.55 $518.58 $0.00 $217.00 $39,115.13
64 $39,115.13 $518.58 $0.00 $221.16 $39,854.87
65 $39,854.87 $518.58 $0.00 $225.35 $40,598.80
66 $40,598.80 $518.58 $0.00 $229.55 $41,346.93
67 $41,346.93 $518.58 $0.00 $233.78 $42,099.29
68 $42,099.29 $518.58 $0.00 $238.04 $42,855.91
69 $42,855.91 $518.58 $0.00 $242.31 $43,616.80
70 $43,616.80 $518.58 $0.00 $246.62 $44,382.00
71 $44,382.00 $518.58 $0.00 $250.94 $45,151.52
72 $45,151.52 $518.58 $0.00 $255.29 $45,925.39
73 $45,925.39 $518.58 $0.00 $259.67 $46,703.64
74 $46,703.64 $518.58 $0.00 $264.07 $47,486.29
75 $47,486.29 $518.58 $0.00 $268.49 $48,273.36
76 $48,273.36 $518.58 $0.00 $272.94 $49,064.88
77 $49,064.88 $518.58 $0.00 $277.42 $49,860.88
78 $49,860.88 $518.58 $0.00 $281.92 $50,661.38
79 $50,661.38 $518.58 $0.00 $286.45 $51,466.41
80 $51,466.41 $518.58 $0.00 $291.00 $52,275.99
81 $52,275.99 $518.58 $0.00 $295.58 $53,090.15
82 $53,090.15 $518.58 $0.00 $300.18 $53,908.91
83 $53,908.91 $518.58 $0.00 $304.81 $54,732.30
84 $54,732.30 $518.58 $0.00 $309.46 $55,560.34
85 $55,560.34 $518.58 $0.00 $314.15 $56,393.07
86 $56,393.07 $518.58 $0.00 $318.85 $57,230.50
87 $57,230.50 $518.58 $0.00 $323.59 $58,072.67
88 $58,072.67 $518.58 $0.00 $328.35 $58,919.60
89 $58,919.60 $518.58 $0.00 $333.14 $59,771.32
90 $59,771.32 $518.58 $0.00 $337.96 $60,627.86
91 $60,627.86 $518.58 $0.00 $342.80 $61,489.24
92 $61,489.24 $518.58 $0.00 $347.67 $62,355.49
93 $62,355.49 $518.58 $0.00 $352.57 $63,226.64
94 $63,226.64 $518.58 $0.00 $357.49 $64,102.71
95 $64,102.71 $518.58 $0.00 $362.45 $64,983.74
96 $64,983.74 $518.58 $0.00 $367.43 $65,869.75
97 $65,869.75 $518.58 $0.00 $372.44 $66,760.77
98 $66,760.77 $518.58 $0.00 $377.48 $67,656.83
99 $67,656.83 $518.58 $0.00 $382.54 $68,557.95
100 $68,557.95 $518.58 $0.00 $387.64 $69,464.17
101 $69,464.17 $518.58 $0.00 $392.76 $70,375.51
102 $70,375.51 $518.58 $0.00 $397.91 $71,292.00
103 $71,292.00 $518.58 $0.00 $403.10 $72,213.68
104 $72,213.68 $518.58 $0.00 $408.31 $73,140.57
105 $73,140.57 $518.58 $0.00 $413.55 $74,072.70
106 $74,072.70 $518.58 $0.00 $418.82 $75,010.10
107 $75,010.10 $518.58 $0.00 $424.12 $75,952.80
108 $75,952.80 $518.58 $0.00 $429.45 $76,900.83
109 $76,900.83 $518.58 $0.00 $434.81 $77,854.22
110 $77,854.22 $518.58 $0.00 $440.20 $78,813.00
111 $78,813.00 $518.58 $0.00 $445.62 $79,777.20
112 $79,777.20 $518.58 $0.00 $451.07 $80,746.85
113 $80,746.85 $518.58 $0.00 $456.55 $81,721.98
114 $81,721.98 $518.58 $0.00 $462.07 $82,702.63
115 $82,702.63 $518.58 $0.00 $467.61 $83,688.82
116 $83,688.82 $518.58 $0.00 $473.19 $84,680.59
117 $84,680.59 $518.58 $0.00 $478.80 $85,677.97
118 $85,677.97 $518.58 $0.00 $484.44 $86,680.99
119 $86,680.99 $518.58 $0.00 $490.11 $87,689.68
120 $87,689.68 $518.58 $0.00 $495.81 $88,704.07
121 $88,704.07 $518.58 $0.00 $501.55 $89,724.20
122 $89,724.20 $518.58 $0.00 $507.31 $90,750.09
123 $90,750.09 $518.58 $0.00 $513.11 $91,781.78
124 $91,781.78 $518.58 $0.00 $518.95 $92,819.31
125 $92,819.31 $518.58 $0.00 $524.81 $93,862.70
126 $93,862.70 $518.58 $0.00 $530.71 $94,911.99
127 $94,911.99 $518.58 $0.00 $536.65 $95,967.22
128 $95,967.22 $518.58 $0.00 $542.61 $97,028.41
129 $97,028.41 $518.58 $0.00 $548.61 $98,095.60
130 $98,095.60 $518.58 $0.00 $554.65 $99,168.83
131 $99,168.83 $518.58 $0.00 $560.71 $100,248.12
132 $100,248.12 $518.58 $0.00 $566.82 $101,333.52
133 $101,333.52 $518.58 $0.00 $572.95 $102,425.05
134 $102,425.05 $518.58 $0.00 $579.13 $103,522.76
135 $103,522.76 $518.58 $0.00 $585.33 $104,626.67
136 $104,626.67 $518.58 $0.00 $591.57 $105,736.82
137 $105,736.82 $518.58 $0.00 $597.85 $106,853.25
138 $106,853.25 $518.58 $0.00 $604.16 $107,975.99
139 $107,975.99 $518.58 $0.00 $610.51 $109,105.08
140 $109,105.08 $518.58 $0.00 $616.90 $110,240.56
141 $110,240.56 $518.58 $0.00 $623.32 $111,382.46
142 $111,382.46 $518.58 $0.00 $629.77 $112,530.81
143 $112,530.81 $518.58 $0.00 $636.27 $113,685.66
144 $113,685.66 $518.58 $0.00 $642.80 $114,847.04
145 $114,847.04 $518.58 $0.00 $649.36 $116,014.98
146 $116,014.98 $518.58 $0.00 $655.97 $117,189.53
147 $117,189.53 $518.58 $0.00 $662.61 $118,370.72
148 $118,370.72 $518.58 $0.00 $669.29 $119,558.59
149 $119,558.59 $518.58 $0.00 $676.00 $120,753.17
150 $120,753.17 $518.58 $0.00 $682.76 $121,954.51
151 $121,954.51 $518.58 $0.00 $689.55 $123,162.64
152 $123,162.64 $518.58 $0.00 $696.38 $124,377.60
153 $124,377.60 $518.58 $0.00 $703.25 $125,599.43
154 $125,599.43 $518.58 $0.00 $710.16 $126,828.17
155 $126,828.17 $518.58 $0.00 $717.10 $128,063.85
156 $128,063.85 $518.58 $0.00 $724.09 $129,306.52
157 $129,306.52 $518.58 $0.00 $731.12 $130,556.22
158 $130,556.22 $518.58 $0.00 $738.18 $131,812.98
159 $131,812.98 $518.58 $0.00 $745.29 $133,076.85
160 $133,076.85 $518.58 $0.00 $752.44 $134,347.87
161 $134,347.87 $518.58 $0.00 $759.62 $135,626.07
162 $135,626.07 $518.58 $0.00 $766.85 $136,911.50
163 $136,911.50 $518.58 $0.00 $774.12 $138,204.20
164 $138,204.20 $518.58 $0.00 $781.43 $139,504.21
165 $139,504.21 $518.58 $0.00 $788.78 $140,811.57
166 $140,811.57 $518.58 $0.00 $796.17 $142,126.32
167 $142,126.32 $518.58 $0.00 $803.60 $143,448.50
168 $143,448.50 $518.58 $0.00 $811.08 $144,778.16
169 $144,778.16 $518.58 $0.00 $818.60 $146,115.34
170 $146,115.34 $518.58 $0.00 $826.16 $147,460.08
171 $147,460.08 $518.58 $0.00 $833.76 $148,812.42
172 $148,812.42 $518.58 $0.00 $841.41 $150,172.41
173 $150,172.41 $518.58 $0.00 $849.10 $151,540.09
174 $151,540.09 $518.58 $0.00 $856.83 $152,915.50
175 $152,915.50 $518.58 $0.00 $864.61 $154,298.69
176 $154,298.69 $518.58 $0.00 $872.43 $155,689.70
177 $155,689.70 $518.58 $0.00 $880.29 $157,088.57
178 $157,088.57 $518.58 $0.00 $888.20 $158,495.35
179 $158,495.35 $518.58 $0.00 $896.16 $159,910.09
180 $159,910.09 $518.58 $0.00 $904.15 $161,332.82
181 $161,332.82 $518.58 $0.00 $912.20 $162,763.60
182 $162,763.60 $518.58 $0.00 $920.29 $164,202.47
183 $164,202.47 $518.58 $0.00 $928.42 $165,649.47
184 $165,649.47 $518.58 $0.00 $936.61 $167,104.66
185 $167,104.66 $518.58 $0.00 $944.83 $168,568.07
186 $168,568.07 $518.58 $0.00 $953.11 $170,039.76
187 $170,039.76 $518.58 $0.00 $961.43 $171,519.77
188 $171,519.77 $518.58 $0.00 $969.80 $173,008.15
189 $173,008.15 $518.58 $0.00 $978.21 $174,504.94
190 $174,504.94 $518.58 $0.00 $986.68 $176,010.20
191 $176,010.20 $518.58 $0.00 $995.19 $177,523.97
192 $177,523.97 $518.58 $0.00 $1,003.75 $179,046.30
193 $179,046.30 $518.58 $0.00 $1,012.35 $180,577.23
194 $180,577.23 $518.58 $0.00 $1,021.01 $182,116.82
195 $182,116.82 $518.58 $0.00 $1,029.71 $183,665.11
196 $183,665.11 $518.58 $0.00 $1,038.47 $185,222.16
197 $185,222.16 $518.58 $0.00 $1,047.27 $186,788.01
198 $186,788.01 $518.58 $0.00 $1,056.13 $188,362.72
199 $188,362.72 $518.58 $0.00 $1,065.03 $189,946.33
200 $189,946.33 $518.58 $0.00 $1,073.98 $191,538.89
201 $191,538.89 $518.58 $0.00 $1,082.99 $193,140.46
202 $193,140.46 $518.58 $0.00 $1,092.04 $194,751.08
203 $194,751.08 $518.58 $0.00 $1,101.15 $196,370.81
204 $196,370.81 $518.58 $0.00 $1,110.31 $197,999.70
205 $197,999.70 $518.58 $0.00 $1,119.52 $199,637.80
206 $199,637.80 $518.58 $0.00 $1,128.78 $201,285.16
207 $201,285.16 $518.58 $0.00 $1,138.10 $202,941.84
208 $202,941.84 $518.58 $0.00 $1,147.46 $204,607.88
209 $204,607.88 $518.58 $0.00 $1,156.88 $206,283.34
210 $206,283.34 $518.58 $0.00 $1,166.36 $207,968.28
211 $207,968.28 $518.58 $0.00 $1,175.88 $209,662.74
212 $209,662.74 $518.58 $0.00 $1,185.46 $211,366.78
213 $211,366.78 $518.58 $0.00 $1,195.10 $213,080.46
214 $213,080.46 $518.58 $0.00 $1,204.79 $214,803.83
215 $214,803.83 $518.58 $0.00 $1,214.53 $216,536.94
216 $216,536.94 $518.58 $0.00 $1,224.33 $218,279.85
217 $218,279.85 $518.58 $60,798.42 $1,234.19 $159,234.20
218 $159,234.20 $518.58 $0.00 $900.33 $160,653.11
219 $160,653.11 $518.58 $0.00 $908.36 $162,080.05
220 $162,080.05 $518.58 $0.00 $916.42 $163,515.05
221 $163,515.05 $518.58 $0.00 $924.54 $164,958.17
222 $164,958.17 $518.58 $0.00 $932.70 $166,409.45
223 $166,409.45 $518.58 $0.00 $940.90 $167,868.93
224 $167,868.93 $518.58 $0.00 $949.16 $169,336.67
225 $169,336.67 $518.58 $0.00 $957.45 $170,812.70
226 $170,812.70 $518.58 $0.00 $965.80 $172,297.08
227 $172,297.08 $518.58 $0.00 $974.19 $173,789.85
228 $173,789.85 $518.58 $0.00 $982.63 $175,291.06
229 $175,291.06 $518.58 $63,838.34 $991.12 $112,962.42
230 $112,962.42 $518.58 $0.00 $638.71 $114,119.71
231 $114,119.71 $518.58 $0.00 $645.25 $115,283.54
232 $115,283.54 $518.58 $0.00 $651.83 $116,453.95
233 $116,453.95 $518.58 $0.00 $658.45 $117,630.98
234 $117,630.98 $518.58 $0.00 $665.10 $118,814.66
235 $118,814.66 $518.58 $0.00 $671.80 $120,005.04
236 $120,005.04 $518.58 $0.00 $678.53 $121,202.15
237 $121,202.15 $518.58 $0.00 $685.29 $122,406.02
238 $122,406.02 $518.58 $0.00 $692.10 $123,616.70
239 $123,616.70 $518.58 $0.00 $698.95 $124,834.23
240 $124,834.23 $518.58 $0.00 $705.83 $126,058.64
241 $126,058.64 $518.58 $67,030.26 $712.75 $60,259.71
242 $60,259.71 $518.58 $0.00 $340.72 $61,119.01
243 $61,119.01 $518.58 $0.00 $345.58 $61,983.17
244 $61,983.17 $518.58 $0.00 $350.46 $62,852.21
245 $62,852.21 $518.58 $0.00 $355.38 $63,726.17
246 $63,726.17 $518.58 $0.00 $360.32 $64,605.07
247 $64,605.07 $518.58 $0.00 $365.29 $65,488.94
248 $65,488.94 $518.58 $0.00 $370.28 $66,377.80
249 $66,377.80 $518.58 $0.00 $375.31 $67,271.69
250 $67,271.69 $518.58 $0.00 $380.36 $68,170.63
251 $68,170.63 $518.58 $0.00 $385.45 $69,074.66
252 $69,074.66 $518.58 $0.00 $390.56 $69,983.80
253 $69,983.80 $0.00 $70,381.77 $395.70 ($2.27)