Savings Plan and Future Cost Estimation for Oakland University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$73,616
Monthly savings required$583

How much will it cost to send your child to Oakland University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $294,463.89 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $582.73 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$28,388.00
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 $582.73 $0.00 $0.00 $582.73
2 $582.73 $582.73 $0.00 $3.29 $1,168.75
3 $1,168.75 $582.73 $0.00 $6.61 $1,758.09
4 $1,758.09 $582.73 $0.00 $9.94 $2,350.76
5 $2,350.76 $582.73 $0.00 $13.29 $2,946.78
6 $2,946.78 $582.73 $0.00 $16.66 $3,546.17
7 $3,546.17 $582.73 $0.00 $20.05 $4,148.95
8 $4,148.95 $582.73 $0.00 $23.46 $4,755.14
9 $4,755.14 $582.73 $0.00 $26.89 $5,364.76
10 $5,364.76 $582.73 $0.00 $30.33 $5,977.82
11 $5,977.82 $582.73 $0.00 $33.80 $6,594.35
12 $6,594.35 $582.73 $0.00 $37.29 $7,214.37
13 $7,214.37 $582.73 $0.00 $40.79 $7,837.89
14 $7,837.89 $582.73 $0.00 $44.32 $8,464.94
15 $8,464.94 $582.73 $0.00 $47.86 $9,095.53
16 $9,095.53 $582.73 $0.00 $51.43 $9,729.69
17 $9,729.69 $582.73 $0.00 $55.01 $10,367.43
18 $10,367.43 $582.73 $0.00 $58.62 $11,008.78
19 $11,008.78 $582.73 $0.00 $62.25 $11,653.76
20 $11,653.76 $582.73 $0.00 $65.89 $12,302.38
21 $12,302.38 $582.73 $0.00 $69.56 $12,954.67
22 $12,954.67 $582.73 $0.00 $73.25 $13,610.65
23 $13,610.65 $582.73 $0.00 $76.96 $14,270.34
24 $14,270.34 $582.73 $0.00 $80.69 $14,933.76
25 $14,933.76 $582.73 $0.00 $84.44 $15,600.93
26 $15,600.93 $582.73 $0.00 $88.21 $16,271.87
27 $16,271.87 $582.73 $0.00 $92.00 $16,946.60
28 $16,946.60 $582.73 $0.00 $95.82 $17,625.15
29 $17,625.15 $582.73 $0.00 $99.66 $18,307.54
30 $18,307.54 $582.73 $0.00 $103.51 $18,993.78
31 $18,993.78 $582.73 $0.00 $107.39 $19,683.90
32 $19,683.90 $582.73 $0.00 $111.30 $20,377.93
33 $20,377.93 $582.73 $0.00 $115.22 $21,075.88
34 $21,075.88 $582.73 $0.00 $119.17 $21,777.78
35 $21,777.78 $582.73 $0.00 $123.13 $22,483.64
36 $22,483.64 $582.73 $0.00 $127.13 $23,193.50
37 $23,193.50 $582.73 $0.00 $131.14 $23,907.37
38 $23,907.37 $582.73 $0.00 $135.18 $24,625.28
39 $24,625.28 $582.73 $0.00 $139.23 $25,347.24
40 $25,347.24 $582.73 $0.00 $143.32 $26,073.29
41 $26,073.29 $582.73 $0.00 $147.42 $26,803.44
42 $26,803.44 $582.73 $0.00 $151.55 $27,537.72
43 $27,537.72 $582.73 $0.00 $155.70 $28,276.15
44 $28,276.15 $582.73 $0.00 $159.88 $29,018.76
45 $29,018.76 $582.73 $0.00 $164.08 $29,765.57
46 $29,765.57 $582.73 $0.00 $168.30 $30,516.60
47 $30,516.60 $582.73 $0.00 $172.55 $31,271.88
48 $31,271.88 $582.73 $0.00 $176.82 $32,031.43
49 $32,031.43 $582.73 $0.00 $181.11 $32,795.27
50 $32,795.27 $582.73 $0.00 $185.43 $33,563.43
51 $33,563.43 $582.73 $0.00 $189.77 $34,335.93
52 $34,335.93 $582.73 $0.00 $194.14 $35,112.80
53 $35,112.80 $582.73 $0.00 $198.53 $35,894.06
54 $35,894.06 $582.73 $0.00 $202.95 $36,679.74
55 $36,679.74 $582.73 $0.00 $207.39 $37,469.86
56 $37,469.86 $582.73 $0.00 $211.86 $38,264.45
57 $38,264.45 $582.73 $0.00 $216.35 $39,063.53
58 $39,063.53 $582.73 $0.00 $220.87 $39,867.13
59 $39,867.13 $582.73 $0.00 $225.41 $40,675.27
60 $40,675.27 $582.73 $0.00 $229.98 $41,487.98
61 $41,487.98 $582.73 $0.00 $234.58 $42,305.29
62 $42,305.29 $582.73 $0.00 $239.20 $43,127.22
63 $43,127.22 $582.73 $0.00 $243.85 $43,953.80
64 $43,953.80 $582.73 $0.00 $248.52 $44,785.05
65 $44,785.05 $582.73 $0.00 $253.22 $45,621.00
66 $45,621.00 $582.73 $0.00 $257.95 $46,461.68
67 $46,461.68 $582.73 $0.00 $262.70 $47,307.11
68 $47,307.11 $582.73 $0.00 $267.48 $48,157.32
69 $48,157.32 $582.73 $0.00 $272.29 $49,012.34
70 $49,012.34 $582.73 $0.00 $277.12 $49,872.19
71 $49,872.19 $582.73 $0.00 $281.98 $50,736.90
72 $50,736.90 $582.73 $0.00 $286.87 $51,606.50
73 $51,606.50 $582.73 $0.00 $291.79 $52,481.02
74 $52,481.02 $582.73 $0.00 $296.74 $53,360.49
75 $53,360.49 $582.73 $0.00 $301.71 $54,244.93
76 $54,244.93 $582.73 $0.00 $306.71 $55,134.37
77 $55,134.37 $582.73 $0.00 $311.74 $56,028.84
78 $56,028.84 $582.73 $0.00 $316.80 $56,928.37
79 $56,928.37 $582.73 $0.00 $321.88 $57,832.98
80 $57,832.98 $582.73 $0.00 $327.00 $58,742.71
81 $58,742.71 $582.73 $0.00 $332.14 $59,657.58
82 $59,657.58 $582.73 $0.00 $337.31 $60,577.62
83 $60,577.62 $582.73 $0.00 $342.51 $61,502.86
84 $61,502.86 $582.73 $0.00 $347.75 $62,433.34
85 $62,433.34 $582.73 $0.00 $353.01 $63,369.08
86 $63,369.08 $582.73 $0.00 $358.30 $64,310.11
87 $64,310.11 $582.73 $0.00 $363.62 $65,256.46
88 $65,256.46 $582.73 $0.00 $368.97 $66,208.16
89 $66,208.16 $582.73 $0.00 $374.35 $67,165.24
90 $67,165.24 $582.73 $0.00 $379.76 $68,127.73
91 $68,127.73 $582.73 $0.00 $385.20 $69,095.66
92 $69,095.66 $582.73 $0.00 $390.68 $70,069.07
93 $70,069.07 $582.73 $0.00 $396.18 $71,047.98
94 $71,047.98 $582.73 $0.00 $401.72 $72,032.43
95 $72,032.43 $582.73 $0.00 $407.28 $73,022.44
96 $73,022.44 $582.73 $0.00 $412.88 $74,018.05
97 $74,018.05 $582.73 $0.00 $418.51 $75,019.29
98 $75,019.29 $582.73 $0.00 $424.17 $76,026.19
99 $76,026.19 $582.73 $0.00 $429.86 $77,038.78
100 $77,038.78 $582.73 $0.00 $435.59 $78,057.10
101 $78,057.10 $582.73 $0.00 $441.35 $79,081.18
102 $79,081.18 $582.73 $0.00 $447.14 $80,111.05
103 $80,111.05 $582.73 $0.00 $452.96 $81,146.74
104 $81,146.74 $582.73 $0.00 $458.82 $82,188.29
105 $82,188.29 $582.73 $0.00 $464.70 $83,235.72
106 $83,235.72 $582.73 $0.00 $470.63 $84,289.08
107 $84,289.08 $582.73 $0.00 $476.58 $85,348.39
108 $85,348.39 $582.73 $0.00 $482.57 $86,413.69
109 $86,413.69 $582.73 $0.00 $488.60 $87,485.02
110 $87,485.02 $582.73 $0.00 $494.65 $88,562.40
111 $88,562.40 $582.73 $0.00 $500.74 $89,645.87
112 $89,645.87 $582.73 $0.00 $506.87 $90,735.47
113 $90,735.47 $582.73 $0.00 $513.03 $91,831.23
114 $91,831.23 $582.73 $0.00 $519.23 $92,933.19
115 $92,933.19 $582.73 $0.00 $525.46 $94,041.38
116 $94,041.38 $582.73 $0.00 $531.72 $95,155.83
117 $95,155.83 $582.73 $0.00 $538.02 $96,276.58
118 $96,276.58 $582.73 $0.00 $544.36 $97,403.67
119 $97,403.67 $582.73 $0.00 $550.73 $98,537.13
120 $98,537.13 $582.73 $0.00 $557.14 $99,677.00
121 $99,677.00 $582.73 $0.00 $563.59 $100,823.32
122 $100,823.32 $582.73 $0.00 $570.07 $101,976.12
123 $101,976.12 $582.73 $0.00 $576.59 $103,135.44
124 $103,135.44 $582.73 $0.00 $583.14 $104,301.31
125 $104,301.31 $582.73 $0.00 $589.73 $105,473.77
126 $105,473.77 $582.73 $0.00 $596.36 $106,652.86
127 $106,652.86 $582.73 $0.00 $603.03 $107,838.62
128 $107,838.62 $582.73 $0.00 $609.74 $109,031.09
129 $109,031.09 $582.73 $0.00 $616.48 $110,230.30
130 $110,230.30 $582.73 $0.00 $623.26 $111,436.29
131 $111,436.29 $582.73 $0.00 $630.08 $112,649.10
132 $112,649.10 $582.73 $0.00 $636.93 $113,868.76
133 $113,868.76 $582.73 $0.00 $643.83 $115,095.32
134 $115,095.32 $582.73 $0.00 $650.77 $116,328.82
135 $116,328.82 $582.73 $0.00 $657.74 $117,569.29
136 $117,569.29 $582.73 $0.00 $664.75 $118,816.77
137 $118,816.77 $582.73 $0.00 $671.81 $120,071.31
138 $120,071.31 $582.73 $0.00 $678.90 $121,332.94
139 $121,332.94 $582.73 $0.00 $686.03 $122,601.70
140 $122,601.70 $582.73 $0.00 $693.21 $123,877.64
141 $123,877.64 $582.73 $0.00 $700.42 $125,160.79
142 $125,160.79 $582.73 $0.00 $707.68 $126,451.20
143 $126,451.20 $582.73 $0.00 $714.97 $127,748.90
144 $127,748.90 $582.73 $0.00 $722.31 $129,053.94
145 $129,053.94 $582.73 $0.00 $729.69 $130,366.36
146 $130,366.36 $582.73 $0.00 $737.11 $131,686.20
147 $131,686.20 $582.73 $0.00 $744.57 $133,013.50
148 $133,013.50 $582.73 $0.00 $752.08 $134,348.31
149 $134,348.31 $582.73 $0.00 $759.62 $135,690.66
150 $135,690.66 $582.73 $0.00 $767.21 $137,040.60
151 $137,040.60 $582.73 $0.00 $774.85 $138,398.18
152 $138,398.18 $582.73 $0.00 $782.52 $139,763.43
153 $139,763.43 $582.73 $0.00 $790.24 $141,136.40
154 $141,136.40 $582.73 $0.00 $798.01 $142,517.14
155 $142,517.14 $582.73 $0.00 $805.81 $143,905.68
156 $143,905.68 $582.73 $0.00 $813.66 $145,302.07
157 $145,302.07 $582.73 $0.00 $821.56 $146,706.36
158 $146,706.36 $582.73 $0.00 $829.50 $148,118.59
159 $148,118.59 $582.73 $0.00 $837.48 $149,538.80
160 $149,538.80 $582.73 $0.00 $845.51 $150,967.04
161 $150,967.04 $582.73 $0.00 $853.59 $152,403.36
162 $152,403.36 $582.73 $0.00 $861.71 $153,847.80
163 $153,847.80 $582.73 $0.00 $869.88 $155,300.41
164 $155,300.41 $582.73 $0.00 $878.09 $156,761.23
165 $156,761.23 $582.73 $0.00 $886.35 $158,230.31
166 $158,230.31 $582.73 $0.00 $894.66 $159,707.70
167 $159,707.70 $582.73 $0.00 $903.01 $161,193.44
168 $161,193.44 $582.73 $0.00 $911.41 $162,687.58
169 $162,687.58 $582.73 $0.00 $919.86 $164,190.17
170 $164,190.17 $582.73 $0.00 $928.36 $165,701.26
171 $165,701.26 $582.73 $0.00 $936.90 $167,220.89
172 $167,220.89 $582.73 $0.00 $945.49 $168,749.11
173 $168,749.11 $582.73 $0.00 $954.13 $170,285.97
174 $170,285.97 $582.73 $0.00 $962.82 $171,831.52
175 $171,831.52 $582.73 $0.00 $971.56 $173,385.81
176 $173,385.81 $582.73 $0.00 $980.35 $174,948.89
177 $174,948.89 $582.73 $0.00 $989.19 $176,520.81
178 $176,520.81 $582.73 $0.00 $998.07 $178,101.61
179 $178,101.61 $582.73 $0.00 $1,007.01 $179,691.35
180 $179,691.35 $582.73 $0.00 $1,016.00 $181,290.08
181 $181,290.08 $582.73 $0.00 $1,025.04 $182,897.85
182 $182,897.85 $582.73 $0.00 $1,034.13 $184,514.71
183 $184,514.71 $582.73 $0.00 $1,043.27 $186,140.71
184 $186,140.71 $582.73 $0.00 $1,052.47 $187,775.91
185 $187,775.91 $582.73 $0.00 $1,061.71 $189,420.35
186 $189,420.35 $582.73 $0.00 $1,071.01 $191,074.09
187 $191,074.09 $582.73 $0.00 $1,080.36 $192,737.18
188 $192,737.18 $582.73 $0.00 $1,089.76 $194,409.67
189 $194,409.67 $582.73 $0.00 $1,099.22 $196,091.62
190 $196,091.62 $582.73 $0.00 $1,108.73 $197,783.08
191 $197,783.08 $582.73 $0.00 $1,118.29 $199,484.10
192 $199,484.10 $582.73 $0.00 $1,127.91 $201,194.74
193 $201,194.74 $582.73 $0.00 $1,137.58 $202,915.05
194 $202,915.05 $582.73 $0.00 $1,147.31 $204,645.09
195 $204,645.09 $582.73 $0.00 $1,157.09 $206,384.91
196 $206,384.91 $582.73 $0.00 $1,166.93 $208,134.57
197 $208,134.57 $582.73 $0.00 $1,176.82 $209,894.12
198 $209,894.12 $582.73 $0.00 $1,186.77 $211,663.62
199 $211,663.62 $582.73 $0.00 $1,196.78 $213,443.13
200 $213,443.13 $582.73 $0.00 $1,206.84 $215,232.70
201 $215,232.70 $582.73 $0.00 $1,216.96 $217,032.39
202 $217,032.39 $582.73 $0.00 $1,227.13 $218,842.25
203 $218,842.25 $582.73 $0.00 $1,237.37 $220,662.35
204 $220,662.35 $582.73 $0.00 $1,247.66 $222,492.74
205 $222,492.74 $582.73 $0.00 $1,258.01 $224,333.48
206 $224,333.48 $582.73 $0.00 $1,268.41 $226,184.62
207 $226,184.62 $582.73 $0.00 $1,278.88 $228,046.23
208 $228,046.23 $582.73 $0.00 $1,289.41 $229,918.37
209 $229,918.37 $582.73 $0.00 $1,299.99 $231,801.09
210 $231,801.09 $582.73 $0.00 $1,310.64 $233,694.46
211 $233,694.46 $582.73 $0.00 $1,321.34 $235,598.53
212 $235,598.53 $582.73 $0.00 $1,332.11 $237,513.37
213 $237,513.37 $582.73 $0.00 $1,342.94 $239,439.04
214 $239,439.04 $582.73 $0.00 $1,353.82 $241,375.59
215 $241,375.59 $582.73 $0.00 $1,364.77 $243,323.09
216 $243,323.09 $582.73 $0.00 $1,375.78 $245,281.60
217 $245,281.60 $582.73 $68,319.11 $1,386.86 $178,932.08
218 $178,932.08 $582.73 $0.00 $1,011.71 $180,526.52
219 $180,526.52 $582.73 $0.00 $1,020.72 $182,129.97
220 $182,129.97 $582.73 $0.00 $1,029.79 $183,742.49
221 $183,742.49 $582.73 $0.00 $1,038.91 $185,364.13
222 $185,364.13 $582.73 $0.00 $1,048.08 $186,994.94
223 $186,994.94 $582.73 $0.00 $1,057.30 $188,634.97
224 $188,634.97 $582.73 $0.00 $1,066.57 $190,284.27
225 $190,284.27 $582.73 $0.00 $1,075.89 $191,942.89
226 $191,942.89 $582.73 $0.00 $1,085.27 $193,610.89
227 $193,610.89 $582.73 $0.00 $1,094.70 $195,288.32
228 $195,288.32 $582.73 $0.00 $1,104.19 $196,975.24
229 $196,975.24 $582.73 $71,735.06 $1,113.73 $126,936.64
230 $126,936.64 $582.73 $0.00 $717.72 $128,237.09
231 $128,237.09 $582.73 $0.00 $725.07 $129,544.89
232 $129,544.89 $582.73 $0.00 $732.47 $130,860.09
233 $130,860.09 $582.73 $0.00 $739.90 $132,182.72
234 $132,182.72 $582.73 $0.00 $747.38 $133,512.83
235 $133,512.83 $582.73 $0.00 $754.90 $134,850.46
236 $134,850.46 $582.73 $0.00 $762.46 $136,195.65
237 $136,195.65 $582.73 $0.00 $770.07 $137,548.45
238 $137,548.45 $582.73 $0.00 $777.72 $138,908.90
239 $138,908.90 $582.73 $0.00 $785.41 $140,277.04
240 $140,277.04 $582.73 $0.00 $793.15 $141,652.92
241 $141,652.92 $582.73 $75,321.82 $800.93 $67,714.76
242 $67,714.76 $582.73 $0.00 $382.87 $68,680.36
243 $68,680.36 $582.73 $0.00 $388.33 $69,651.42
244 $69,651.42 $582.73 $0.00 $393.82 $70,627.97
245 $70,627.97 $582.73 $0.00 $399.34 $71,610.04
246 $71,610.04 $582.73 $0.00 $404.89 $72,597.66
247 $72,597.66 $582.73 $0.00 $410.48 $73,590.87
248 $73,590.87 $582.73 $0.00 $416.09 $74,589.69
249 $74,589.69 $582.73 $0.00 $421.74 $75,594.16
250 $75,594.16 $582.73 $0.00 $427.42 $76,604.31
251 $76,604.31 $582.73 $0.00 $433.13 $77,620.17
252 $77,620.17 $582.73 $0.00 $438.88 $78,641.78
253 $78,641.78 $0.00 $79,087.91 $444.65 ($1.48)