Savings Plan and Future Cost Estimation for Saginaw Valley 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$62,102
Monthly savings required$492

How much will it cost to send your child to Saginaw Valley State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $248,408.53 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $491.58 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$23,948.00
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 $491.58 $0.00 $0.00 $491.58
2 $491.58 $491.58 $0.00 $2.78 $985.94
3 $985.94 $491.58 $0.00 $5.57 $1,483.09
4 $1,483.09 $491.58 $0.00 $8.39 $1,983.06
5 $1,983.06 $491.58 $0.00 $11.21 $2,485.85
6 $2,485.85 $491.58 $0.00 $14.06 $2,991.49
7 $2,991.49 $491.58 $0.00 $16.91 $3,499.98
8 $3,499.98 $491.58 $0.00 $19.79 $4,011.35
9 $4,011.35 $491.58 $0.00 $22.68 $4,525.61
10 $4,525.61 $491.58 $0.00 $25.59 $5,042.78
11 $5,042.78 $491.58 $0.00 $28.51 $5,562.87
12 $5,562.87 $491.58 $0.00 $31.45 $6,085.90
13 $6,085.90 $491.58 $0.00 $34.41 $6,611.89
14 $6,611.89 $491.58 $0.00 $37.38 $7,140.85
15 $7,140.85 $491.58 $0.00 $40.38 $7,672.81
16 $7,672.81 $491.58 $0.00 $43.38 $8,207.77
17 $8,207.77 $491.58 $0.00 $46.41 $8,745.76
18 $8,745.76 $491.58 $0.00 $49.45 $9,286.79
19 $9,286.79 $491.58 $0.00 $52.51 $9,830.88
20 $9,830.88 $491.58 $0.00 $55.59 $10,378.05
21 $10,378.05 $491.58 $0.00 $58.68 $10,928.31
22 $10,928.31 $491.58 $0.00 $61.79 $11,481.68
23 $11,481.68 $491.58 $0.00 $64.92 $12,038.18
24 $12,038.18 $491.58 $0.00 $68.07 $12,597.83
25 $12,597.83 $491.58 $0.00 $71.23 $13,160.64
26 $13,160.64 $491.58 $0.00 $74.41 $13,726.63
27 $13,726.63 $491.58 $0.00 $77.61 $14,295.82
28 $14,295.82 $491.58 $0.00 $80.83 $14,868.23
29 $14,868.23 $491.58 $0.00 $84.07 $15,443.88
30 $15,443.88 $491.58 $0.00 $87.32 $16,022.78
31 $16,022.78 $491.58 $0.00 $90.60 $16,604.96
32 $16,604.96 $491.58 $0.00 $93.89 $17,190.43
33 $17,190.43 $491.58 $0.00 $97.20 $17,779.21
34 $17,779.21 $491.58 $0.00 $100.53 $18,371.32
35 $18,371.32 $491.58 $0.00 $103.87 $18,966.77
36 $18,966.77 $491.58 $0.00 $107.24 $19,565.59
37 $19,565.59 $491.58 $0.00 $110.63 $20,167.80
38 $20,167.80 $491.58 $0.00 $114.03 $20,773.41
39 $20,773.41 $491.58 $0.00 $117.46 $21,382.45
40 $21,382.45 $491.58 $0.00 $120.90 $21,994.93
41 $21,994.93 $491.58 $0.00 $124.36 $22,610.87
42 $22,610.87 $491.58 $0.00 $127.85 $23,230.30
43 $23,230.30 $491.58 $0.00 $131.35 $23,853.23
44 $23,853.23 $491.58 $0.00 $134.87 $24,479.68
45 $24,479.68 $491.58 $0.00 $138.41 $25,109.67
46 $25,109.67 $491.58 $0.00 $141.97 $25,743.22
47 $25,743.22 $491.58 $0.00 $145.56 $26,380.36
48 $26,380.36 $491.58 $0.00 $149.16 $27,021.10
49 $27,021.10 $491.58 $0.00 $152.78 $27,665.46
50 $27,665.46 $491.58 $0.00 $156.42 $28,313.46
51 $28,313.46 $491.58 $0.00 $160.09 $28,965.13
52 $28,965.13 $491.58 $0.00 $163.77 $29,620.48
53 $29,620.48 $491.58 $0.00 $167.48 $30,279.54
54 $30,279.54 $491.58 $0.00 $171.20 $30,942.32
55 $30,942.32 $491.58 $0.00 $174.95 $31,608.85
56 $31,608.85 $491.58 $0.00 $178.72 $32,279.15
57 $32,279.15 $491.58 $0.00 $182.51 $32,953.24
58 $32,953.24 $491.58 $0.00 $186.32 $33,631.14
59 $33,631.14 $491.58 $0.00 $190.16 $34,312.88
60 $34,312.88 $491.58 $0.00 $194.01 $34,998.47
61 $34,998.47 $491.58 $0.00 $197.89 $35,687.94
62 $35,687.94 $491.58 $0.00 $201.78 $36,381.30
63 $36,381.30 $491.58 $0.00 $205.71 $37,078.59
64 $37,078.59 $491.58 $0.00 $209.65 $37,779.82
65 $37,779.82 $491.58 $0.00 $213.61 $38,485.01
66 $38,485.01 $491.58 $0.00 $217.60 $39,194.19
67 $39,194.19 $491.58 $0.00 $221.61 $39,907.38
68 $39,907.38 $491.58 $0.00 $225.64 $40,624.60
69 $40,624.60 $491.58 $0.00 $229.70 $41,345.88
70 $41,345.88 $491.58 $0.00 $233.78 $42,071.24
71 $42,071.24 $491.58 $0.00 $237.88 $42,800.70
72 $42,800.70 $491.58 $0.00 $242.00 $43,534.28
73 $43,534.28 $491.58 $0.00 $246.15 $44,272.01
74 $44,272.01 $491.58 $0.00 $250.32 $45,013.91
75 $45,013.91 $491.58 $0.00 $254.52 $45,760.01
76 $45,760.01 $491.58 $0.00 $258.73 $46,510.32
77 $46,510.32 $491.58 $0.00 $262.98 $47,264.88
78 $47,264.88 $491.58 $0.00 $267.24 $48,023.70
79 $48,023.70 $491.58 $0.00 $271.53 $48,786.81
80 $48,786.81 $491.58 $0.00 $275.85 $49,554.24
81 $49,554.24 $491.58 $0.00 $280.19 $50,326.01
82 $50,326.01 $491.58 $0.00 $284.55 $51,102.14
83 $51,102.14 $491.58 $0.00 $288.94 $51,882.66
84 $51,882.66 $491.58 $0.00 $293.35 $52,667.59
85 $52,667.59 $491.58 $0.00 $297.79 $53,456.96
86 $53,456.96 $491.58 $0.00 $302.25 $54,250.79
87 $54,250.79 $491.58 $0.00 $306.74 $55,049.11
88 $55,049.11 $491.58 $0.00 $311.26 $55,851.95
89 $55,851.95 $491.58 $0.00 $315.80 $56,659.33
90 $56,659.33 $491.58 $0.00 $320.36 $57,471.27
91 $57,471.27 $491.58 $0.00 $324.95 $58,287.80
92 $58,287.80 $491.58 $0.00 $329.57 $59,108.95
93 $59,108.95 $491.58 $0.00 $334.21 $59,934.74
94 $59,934.74 $491.58 $0.00 $338.88 $60,765.20
95 $60,765.20 $491.58 $0.00 $343.58 $61,600.36
96 $61,600.36 $491.58 $0.00 $348.30 $62,440.24
97 $62,440.24 $491.58 $0.00 $353.05 $63,284.87
98 $63,284.87 $491.58 $0.00 $357.82 $64,134.27
99 $64,134.27 $491.58 $0.00 $362.62 $64,988.47
100 $64,988.47 $491.58 $0.00 $367.45 $65,847.50
101 $65,847.50 $491.58 $0.00 $372.31 $66,711.39
102 $66,711.39 $491.58 $0.00 $377.20 $67,580.17
103 $67,580.17 $491.58 $0.00 $382.11 $68,453.86
104 $68,453.86 $491.58 $0.00 $387.05 $69,332.49
105 $69,332.49 $491.58 $0.00 $392.02 $70,216.09
106 $70,216.09 $491.58 $0.00 $397.01 $71,104.68
107 $71,104.68 $491.58 $0.00 $402.04 $71,998.30
108 $71,998.30 $491.58 $0.00 $407.09 $72,896.97
109 $72,896.97 $491.58 $0.00 $412.17 $73,800.72
110 $73,800.72 $491.58 $0.00 $417.28 $74,709.58
111 $74,709.58 $491.58 $0.00 $422.42 $75,623.58
112 $75,623.58 $491.58 $0.00 $427.59 $76,542.75
113 $76,542.75 $491.58 $0.00 $432.78 $77,467.11
114 $77,467.11 $491.58 $0.00 $438.01 $78,396.70
115 $78,396.70 $491.58 $0.00 $443.27 $79,331.55
116 $79,331.55 $491.58 $0.00 $448.55 $80,271.68
117 $80,271.68 $491.58 $0.00 $453.87 $81,217.13
118 $81,217.13 $491.58 $0.00 $459.21 $82,167.92
119 $82,167.92 $491.58 $0.00 $464.59 $83,124.09
120 $83,124.09 $491.58 $0.00 $470.00 $84,085.67
121 $84,085.67 $491.58 $0.00 $475.43 $85,052.68
122 $85,052.68 $491.58 $0.00 $480.90 $86,025.16
123 $86,025.16 $491.58 $0.00 $486.40 $87,003.14
124 $87,003.14 $491.58 $0.00 $491.93 $87,986.65
125 $87,986.65 $491.58 $0.00 $497.49 $88,975.72
126 $88,975.72 $491.58 $0.00 $503.08 $89,970.38
127 $89,970.38 $491.58 $0.00 $508.71 $90,970.67
128 $90,970.67 $491.58 $0.00 $514.36 $91,976.61
129 $91,976.61 $491.58 $0.00 $520.05 $92,988.24
130 $92,988.24 $491.58 $0.00 $525.77 $94,005.59
131 $94,005.59 $491.58 $0.00 $531.52 $95,028.69
132 $95,028.69 $491.58 $0.00 $537.31 $96,057.58
133 $96,057.58 $491.58 $0.00 $543.12 $97,092.28
134 $97,092.28 $491.58 $0.00 $548.97 $98,132.83
135 $98,132.83 $491.58 $0.00 $554.86 $99,179.27
136 $99,179.27 $491.58 $0.00 $560.77 $100,231.62
137 $100,231.62 $491.58 $0.00 $566.72 $101,289.92
138 $101,289.92 $491.58 $0.00 $572.71 $102,354.21
139 $102,354.21 $491.58 $0.00 $578.73 $103,424.52
140 $103,424.52 $491.58 $0.00 $584.78 $104,500.88
141 $104,500.88 $491.58 $0.00 $590.86 $105,583.32
142 $105,583.32 $491.58 $0.00 $596.98 $106,671.88
143 $106,671.88 $491.58 $0.00 $603.14 $107,766.60
144 $107,766.60 $491.58 $0.00 $609.33 $108,867.51
145 $108,867.51 $491.58 $0.00 $615.55 $109,974.64
146 $109,974.64 $491.58 $0.00 $621.81 $111,088.03
147 $111,088.03 $491.58 $0.00 $628.11 $112,207.72
148 $112,207.72 $491.58 $0.00 $634.44 $113,333.74
149 $113,333.74 $491.58 $0.00 $640.81 $114,466.13
150 $114,466.13 $491.58 $0.00 $647.21 $115,604.92
151 $115,604.92 $491.58 $0.00 $653.65 $116,750.15
152 $116,750.15 $491.58 $0.00 $660.12 $117,901.85
153 $117,901.85 $491.58 $0.00 $666.63 $119,060.06
154 $119,060.06 $491.58 $0.00 $673.18 $120,224.82
155 $120,224.82 $491.58 $0.00 $679.77 $121,396.17
156 $121,396.17 $491.58 $0.00 $686.39 $122,574.14
157 $122,574.14 $491.58 $0.00 $693.05 $123,758.77
158 $123,758.77 $491.58 $0.00 $699.75 $124,950.10
159 $124,950.10 $491.58 $0.00 $706.49 $126,148.17
160 $126,148.17 $491.58 $0.00 $713.26 $127,353.01
161 $127,353.01 $491.58 $0.00 $720.07 $128,564.66
162 $128,564.66 $491.58 $0.00 $726.92 $129,783.16
163 $129,783.16 $491.58 $0.00 $733.81 $131,008.55
164 $131,008.55 $491.58 $0.00 $740.74 $132,240.87
165 $132,240.87 $491.58 $0.00 $747.71 $133,480.16
166 $133,480.16 $491.58 $0.00 $754.72 $134,726.46
167 $134,726.46 $491.58 $0.00 $761.76 $135,979.80
168 $135,979.80 $491.58 $0.00 $768.85 $137,240.23
169 $137,240.23 $491.58 $0.00 $775.98 $138,507.79
170 $138,507.79 $491.58 $0.00 $783.14 $139,782.51
171 $139,782.51 $491.58 $0.00 $790.35 $141,064.44
172 $141,064.44 $491.58 $0.00 $797.60 $142,353.62
173 $142,353.62 $491.58 $0.00 $804.89 $143,650.09
174 $143,650.09 $491.58 $0.00 $812.22 $144,953.89
175 $144,953.89 $491.58 $0.00 $819.59 $146,265.06
176 $146,265.06 $491.58 $0.00 $827.00 $147,583.64
177 $147,583.64 $491.58 $0.00 $834.46 $148,909.68
178 $148,909.68 $491.58 $0.00 $841.96 $150,243.22
179 $150,243.22 $491.58 $0.00 $849.50 $151,584.30
180 $151,584.30 $491.58 $0.00 $857.08 $152,932.96
181 $152,932.96 $491.58 $0.00 $864.71 $154,289.25
182 $154,289.25 $491.58 $0.00 $872.37 $155,653.20
183 $155,653.20 $491.58 $0.00 $880.09 $157,024.87
184 $157,024.87 $491.58 $0.00 $887.84 $158,404.29
185 $158,404.29 $491.58 $0.00 $895.64 $159,791.51
186 $159,791.51 $491.58 $0.00 $903.48 $161,186.57
187 $161,186.57 $491.58 $0.00 $911.37 $162,589.52
188 $162,589.52 $491.58 $0.00 $919.30 $164,000.40
189 $164,000.40 $491.58 $0.00 $927.28 $165,419.26
190 $165,419.26 $491.58 $0.00 $935.30 $166,846.14
191 $166,846.14 $491.58 $0.00 $943.37 $168,281.09
192 $168,281.09 $491.58 $0.00 $951.49 $169,724.16
193 $169,724.16 $491.58 $0.00 $959.65 $171,175.39
194 $171,175.39 $491.58 $0.00 $967.85 $172,634.82
195 $172,634.82 $491.58 $0.00 $976.10 $174,102.50
196 $174,102.50 $491.58 $0.00 $984.40 $175,578.48
197 $175,578.48 $491.58 $0.00 $992.75 $177,062.81
198 $177,062.81 $491.58 $0.00 $1,001.14 $178,555.53
199 $178,555.53 $491.58 $0.00 $1,009.58 $180,056.69
200 $180,056.69 $491.58 $0.00 $1,018.07 $181,566.34
201 $181,566.34 $491.58 $0.00 $1,026.60 $183,084.52
202 $183,084.52 $491.58 $0.00 $1,035.19 $184,611.29
203 $184,611.29 $491.58 $0.00 $1,043.82 $186,146.69
204 $186,146.69 $491.58 $0.00 $1,052.50 $187,690.77
205 $187,690.77 $491.58 $0.00 $1,061.23 $189,243.58
206 $189,243.58 $491.58 $0.00 $1,070.01 $190,805.17
207 $190,805.17 $491.58 $0.00 $1,078.84 $192,375.59
208 $192,375.59 $491.58 $0.00 $1,087.72 $193,954.89
209 $193,954.89 $491.58 $0.00 $1,096.65 $195,543.12
210 $195,543.12 $491.58 $0.00 $1,105.63 $197,140.33
211 $197,140.33 $491.58 $0.00 $1,114.66 $198,746.57
212 $198,746.57 $491.58 $0.00 $1,123.74 $200,361.89
213 $200,361.89 $491.58 $0.00 $1,132.88 $201,986.35
214 $201,986.35 $491.58 $0.00 $1,142.06 $203,619.99
215 $203,619.99 $491.58 $0.00 $1,151.30 $205,262.87
216 $205,262.87 $491.58 $0.00 $1,160.59 $206,915.04
217 $206,915.04 $491.58 $57,633.72 $1,169.93 $150,942.83
218 $150,942.83 $491.58 $0.00 $853.45 $152,287.86
219 $152,287.86 $491.58 $0.00 $861.06 $153,640.50
220 $153,640.50 $491.58 $0.00 $868.71 $155,000.79
221 $155,000.79 $491.58 $0.00 $876.40 $156,368.77
222 $156,368.77 $491.58 $0.00 $884.13 $157,744.48
223 $157,744.48 $491.58 $0.00 $891.91 $159,127.97
224 $159,127.97 $491.58 $0.00 $899.73 $160,519.28
225 $160,519.28 $491.58 $0.00 $907.60 $161,918.46
226 $161,918.46 $491.58 $0.00 $915.51 $163,325.55
227 $163,325.55 $491.58 $0.00 $923.47 $164,740.60
228 $164,740.60 $491.58 $0.00 $931.47 $166,163.65
229 $166,163.65 $491.58 $60,515.40 $939.51 $107,079.34
230 $107,079.34 $491.58 $0.00 $605.44 $108,176.36
231 $108,176.36 $491.58 $0.00 $611.64 $109,279.58
232 $109,279.58 $491.58 $0.00 $617.88 $110,389.04
233 $110,389.04 $491.58 $0.00 $624.16 $111,504.78
234 $111,504.78 $491.58 $0.00 $630.46 $112,626.82
235 $112,626.82 $491.58 $0.00 $636.81 $113,755.21
236 $113,755.21 $491.58 $0.00 $643.19 $114,889.98
237 $114,889.98 $491.58 $0.00 $649.60 $116,031.16
238 $116,031.16 $491.58 $0.00 $656.06 $117,178.80
239 $117,178.80 $491.58 $0.00 $662.55 $118,332.93
240 $118,332.93 $491.58 $0.00 $669.07 $119,493.58
241 $119,493.58 $491.58 $63,541.17 $675.63 $57,119.62
242 $57,119.62 $491.58 $0.00 $322.96 $57,934.16
243 $57,934.16 $491.58 $0.00 $327.57 $58,753.31
244 $58,753.31 $491.58 $0.00 $332.20 $59,577.09
245 $59,577.09 $491.58 $0.00 $336.86 $60,405.53
246 $60,405.53 $491.58 $0.00 $341.54 $61,238.65
247 $61,238.65 $491.58 $0.00 $346.25 $62,076.48
248 $62,076.48 $491.58 $0.00 $350.99 $62,919.05
249 $62,919.05 $491.58 $0.00 $355.75 $63,766.38
250 $63,766.38 $491.58 $0.00 $360.54 $64,618.50
251 $64,618.50 $491.58 $0.00 $365.36 $65,475.44
252 $65,475.44 $491.58 $0.00 $370.21 $66,337.23
253 $66,337.23 $0.00 $66,718.23 $375.08 ($5.92)