Savings Plan and Future Cost Estimation for Saint Cloud 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$90,292
Monthly savings required$714

How much will it cost to send your child to Saint Cloud State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $361,166.41 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $713.60 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$24,067.00
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 $713.60 $0.00 $0.00 $713.60
2 $713.60 $713.60 $0.00 $4.03 $1,431.23
3 $1,431.23 $713.60 $0.00 $8.09 $2,152.92
4 $2,152.92 $713.60 $0.00 $12.17 $2,878.69
5 $2,878.69 $713.60 $0.00 $16.28 $3,608.57
6 $3,608.57 $713.60 $0.00 $20.40 $4,342.57
7 $4,342.57 $713.60 $0.00 $24.55 $5,080.72
8 $5,080.72 $713.60 $0.00 $28.73 $5,823.05
9 $5,823.05 $713.60 $0.00 $32.92 $6,569.57
10 $6,569.57 $713.60 $0.00 $37.15 $7,320.32
11 $7,320.32 $713.60 $0.00 $41.39 $8,075.31
12 $8,075.31 $713.60 $0.00 $45.66 $8,834.57
13 $8,834.57 $713.60 $0.00 $49.95 $9,598.12
14 $9,598.12 $713.60 $0.00 $54.27 $10,365.99
15 $10,365.99 $713.60 $0.00 $58.61 $11,138.20
16 $11,138.20 $713.60 $0.00 $62.98 $11,914.78
17 $11,914.78 $713.60 $0.00 $67.37 $12,695.75
18 $12,695.75 $713.60 $0.00 $71.78 $13,481.13
19 $13,481.13 $713.60 $0.00 $76.22 $14,270.95
20 $14,270.95 $713.60 $0.00 $80.69 $15,065.24
21 $15,065.24 $713.60 $0.00 $85.18 $15,864.02
22 $15,864.02 $713.60 $0.00 $89.70 $16,667.32
23 $16,667.32 $713.60 $0.00 $94.24 $17,475.16
24 $17,475.16 $713.60 $0.00 $98.81 $18,287.57
25 $18,287.57 $713.60 $0.00 $103.40 $19,104.57
26 $19,104.57 $713.60 $0.00 $108.02 $19,926.19
27 $19,926.19 $713.60 $0.00 $112.67 $20,752.46
28 $20,752.46 $713.60 $0.00 $117.34 $21,583.40
29 $21,583.40 $713.60 $0.00 $122.04 $22,419.04
30 $22,419.04 $713.60 $0.00 $126.76 $23,259.40
31 $23,259.40 $713.60 $0.00 $131.51 $24,104.51
32 $24,104.51 $713.60 $0.00 $136.29 $24,954.40
33 $24,954.40 $713.60 $0.00 $141.10 $25,809.10
34 $25,809.10 $713.60 $0.00 $145.93 $26,668.63
35 $26,668.63 $713.60 $0.00 $150.79 $27,533.02
36 $27,533.02 $713.60 $0.00 $155.68 $28,402.30
37 $28,402.30 $713.60 $0.00 $160.59 $29,276.49
38 $29,276.49 $713.60 $0.00 $165.53 $30,155.62
39 $30,155.62 $713.60 $0.00 $170.50 $31,039.72
40 $31,039.72 $713.60 $0.00 $175.50 $31,928.82
41 $31,928.82 $713.60 $0.00 $180.53 $32,822.95
42 $32,822.95 $713.60 $0.00 $185.59 $33,722.14
43 $33,722.14 $713.60 $0.00 $190.67 $34,626.41
44 $34,626.41 $713.60 $0.00 $195.78 $35,535.79
45 $35,535.79 $713.60 $0.00 $200.92 $36,450.31
46 $36,450.31 $713.60 $0.00 $206.10 $37,370.01
47 $37,370.01 $713.60 $0.00 $211.30 $38,294.91
48 $38,294.91 $713.60 $0.00 $216.52 $39,225.03
49 $39,225.03 $713.60 $0.00 $221.78 $40,160.41
50 $40,160.41 $713.60 $0.00 $227.07 $41,101.08
51 $41,101.08 $713.60 $0.00 $232.39 $42,047.07
52 $42,047.07 $713.60 $0.00 $237.74 $42,998.41
53 $42,998.41 $713.60 $0.00 $243.12 $43,955.13
54 $43,955.13 $713.60 $0.00 $248.53 $44,917.26
55 $44,917.26 $713.60 $0.00 $253.97 $45,884.83
56 $45,884.83 $713.60 $0.00 $259.44 $46,857.87
57 $46,857.87 $713.60 $0.00 $264.94 $47,836.41
58 $47,836.41 $713.60 $0.00 $270.47 $48,820.48
59 $48,820.48 $713.60 $0.00 $276.04 $49,810.12
60 $49,810.12 $713.60 $0.00 $281.63 $50,805.35
61 $50,805.35 $713.60 $0.00 $287.26 $51,806.21
62 $51,806.21 $713.60 $0.00 $292.92 $52,812.73
63 $52,812.73 $713.60 $0.00 $298.61 $53,824.94
64 $53,824.94 $713.60 $0.00 $304.33 $54,842.87
65 $54,842.87 $713.60 $0.00 $310.09 $55,866.56
66 $55,866.56 $713.60 $0.00 $315.88 $56,896.04
67 $56,896.04 $713.60 $0.00 $321.70 $57,931.34
68 $57,931.34 $713.60 $0.00 $327.55 $58,972.49
69 $58,972.49 $713.60 $0.00 $333.44 $60,019.53
70 $60,019.53 $713.60 $0.00 $339.36 $61,072.49
71 $61,072.49 $713.60 $0.00 $345.31 $62,131.40
72 $62,131.40 $713.60 $0.00 $351.30 $63,196.30
73 $63,196.30 $713.60 $0.00 $357.32 $64,267.22
74 $64,267.22 $713.60 $0.00 $363.38 $65,344.20
75 $65,344.20 $713.60 $0.00 $369.47 $66,427.27
76 $66,427.27 $713.60 $0.00 $375.59 $67,516.46
77 $67,516.46 $713.60 $0.00 $381.75 $68,611.81
78 $68,611.81 $713.60 $0.00 $387.94 $69,713.35
79 $69,713.35 $713.60 $0.00 $394.17 $70,821.12
80 $70,821.12 $713.60 $0.00 $400.43 $71,935.15
81 $71,935.15 $713.60 $0.00 $406.73 $73,055.48
82 $73,055.48 $713.60 $0.00 $413.07 $74,182.15
83 $74,182.15 $713.60 $0.00 $419.44 $75,315.19
84 $75,315.19 $713.60 $0.00 $425.84 $76,454.63
85 $76,454.63 $713.60 $0.00 $432.29 $77,600.52
86 $77,600.52 $713.60 $0.00 $438.76 $78,752.88
87 $78,752.88 $713.60 $0.00 $445.28 $79,911.76
88 $79,911.76 $713.60 $0.00 $451.83 $81,077.19
89 $81,077.19 $713.60 $0.00 $458.42 $82,249.21
90 $82,249.21 $713.60 $0.00 $465.05 $83,427.86
91 $83,427.86 $713.60 $0.00 $471.71 $84,613.17
92 $84,613.17 $713.60 $0.00 $478.42 $85,805.19
93 $85,805.19 $713.60 $0.00 $485.16 $87,003.95
94 $87,003.95 $713.60 $0.00 $491.93 $88,209.48
95 $88,209.48 $713.60 $0.00 $498.75 $89,421.83
96 $89,421.83 $713.60 $0.00 $505.60 $90,641.03
97 $90,641.03 $713.60 $0.00 $512.50 $91,867.13
98 $91,867.13 $713.60 $0.00 $519.43 $93,100.16
99 $93,100.16 $713.60 $0.00 $526.40 $94,340.16
100 $94,340.16 $713.60 $0.00 $533.41 $95,587.17
101 $95,587.17 $713.60 $0.00 $540.46 $96,841.23
102 $96,841.23 $713.60 $0.00 $547.55 $98,102.38
103 $98,102.38 $713.60 $0.00 $554.69 $99,370.67
104 $99,370.67 $713.60 $0.00 $561.86 $100,646.13
105 $100,646.13 $713.60 $0.00 $569.07 $101,928.80
106 $101,928.80 $713.60 $0.00 $576.32 $103,218.72
107 $103,218.72 $713.60 $0.00 $583.61 $104,515.93
108 $104,515.93 $713.60 $0.00 $590.95 $105,820.48
109 $105,820.48 $713.60 $0.00 $598.32 $107,132.40
110 $107,132.40 $713.60 $0.00 $605.74 $108,451.74
111 $108,451.74 $713.60 $0.00 $613.20 $109,778.54
112 $109,778.54 $713.60 $0.00 $620.70 $111,112.84
113 $111,112.84 $713.60 $0.00 $628.25 $112,454.69
114 $112,454.69 $713.60 $0.00 $635.84 $113,804.13
115 $113,804.13 $713.60 $0.00 $643.47 $115,161.20
116 $115,161.20 $713.60 $0.00 $651.14 $116,525.94
117 $116,525.94 $713.60 $0.00 $658.85 $117,898.39
118 $117,898.39 $713.60 $0.00 $666.61 $119,278.60
119 $119,278.60 $713.60 $0.00 $674.42 $120,666.62
120 $120,666.62 $713.60 $0.00 $682.27 $122,062.49
121 $122,062.49 $713.60 $0.00 $690.16 $123,466.25
122 $123,466.25 $713.60 $0.00 $698.10 $124,877.95
123 $124,877.95 $713.60 $0.00 $706.08 $126,297.63
124 $126,297.63 $713.60 $0.00 $714.11 $127,725.34
125 $127,725.34 $713.60 $0.00 $722.18 $129,161.12
126 $129,161.12 $713.60 $0.00 $730.30 $130,605.02
127 $130,605.02 $713.60 $0.00 $738.46 $132,057.08
128 $132,057.08 $713.60 $0.00 $746.67 $133,517.35
129 $133,517.35 $713.60 $0.00 $754.93 $134,985.88
130 $134,985.88 $713.60 $0.00 $763.23 $136,462.71
131 $136,462.71 $713.60 $0.00 $771.58 $137,947.89
132 $137,947.89 $713.60 $0.00 $779.98 $139,441.47
133 $139,441.47 $713.60 $0.00 $788.42 $140,943.49
134 $140,943.49 $713.60 $0.00 $796.91 $142,454.00
135 $142,454.00 $713.60 $0.00 $805.46 $143,973.06
136 $143,973.06 $713.60 $0.00 $814.04 $145,500.70
137 $145,500.70 $713.60 $0.00 $822.68 $147,036.98
138 $147,036.98 $713.60 $0.00 $831.37 $148,581.95
139 $148,581.95 $713.60 $0.00 $840.10 $150,135.65
140 $150,135.65 $713.60 $0.00 $848.89 $151,698.14
141 $151,698.14 $713.60 $0.00 $857.72 $153,269.46
142 $153,269.46 $713.60 $0.00 $866.61 $154,849.67
143 $154,849.67 $713.60 $0.00 $875.54 $156,438.81
144 $156,438.81 $713.60 $0.00 $884.53 $158,036.94
145 $158,036.94 $713.60 $0.00 $893.56 $159,644.10
146 $159,644.10 $713.60 $0.00 $902.65 $161,260.35
147 $161,260.35 $713.60 $0.00 $911.79 $162,885.74
148 $162,885.74 $713.60 $0.00 $920.98 $164,520.32
149 $164,520.32 $713.60 $0.00 $930.22 $166,164.14
150 $166,164.14 $713.60 $0.00 $939.52 $167,817.26
151 $167,817.26 $713.60 $0.00 $948.86 $169,479.72
152 $169,479.72 $713.60 $0.00 $958.26 $171,151.58
153 $171,151.58 $713.60 $0.00 $967.72 $172,832.90
154 $172,832.90 $713.60 $0.00 $977.22 $174,523.72
155 $174,523.72 $713.60 $0.00 $986.78 $176,224.10
156 $176,224.10 $713.60 $0.00 $996.40 $177,934.10
157 $177,934.10 $713.60 $0.00 $1,006.07 $179,653.77
158 $179,653.77 $713.60 $0.00 $1,015.79 $181,383.16
159 $181,383.16 $713.60 $0.00 $1,025.57 $183,122.33
160 $183,122.33 $713.60 $0.00 $1,035.40 $184,871.33
161 $184,871.33 $713.60 $0.00 $1,045.29 $186,630.22
162 $186,630.22 $713.60 $0.00 $1,055.23 $188,399.05
163 $188,399.05 $713.60 $0.00 $1,065.24 $190,177.89
164 $190,177.89 $713.60 $0.00 $1,075.29 $191,966.78
165 $191,966.78 $713.60 $0.00 $1,085.41 $193,765.79
166 $193,765.79 $713.60 $0.00 $1,095.58 $195,574.97
167 $195,574.97 $713.60 $0.00 $1,105.81 $197,394.38
168 $197,394.38 $713.60 $0.00 $1,116.10 $199,224.08
169 $199,224.08 $713.60 $0.00 $1,126.44 $201,064.12
170 $201,064.12 $713.60 $0.00 $1,136.85 $202,914.57
171 $202,914.57 $713.60 $0.00 $1,147.31 $204,775.48
172 $204,775.48 $713.60 $0.00 $1,157.83 $206,646.91
173 $206,646.91 $713.60 $0.00 $1,168.41 $208,528.92
174 $208,528.92 $713.60 $0.00 $1,179.05 $210,421.57
175 $210,421.57 $713.60 $0.00 $1,189.75 $212,324.92
176 $212,324.92 $713.60 $0.00 $1,200.52 $214,239.04
177 $214,239.04 $713.60 $0.00 $1,211.34 $216,163.98
178 $216,163.98 $713.60 $0.00 $1,222.22 $218,099.80
179 $218,099.80 $713.60 $0.00 $1,233.17 $220,046.57
180 $220,046.57 $713.60 $0.00 $1,244.18 $222,004.35
181 $222,004.35 $713.60 $0.00 $1,255.24 $223,973.19
182 $223,973.19 $713.60 $0.00 $1,266.38 $225,953.17
183 $225,953.17 $713.60 $0.00 $1,277.57 $227,944.34
184 $227,944.34 $713.60 $0.00 $1,288.83 $229,946.77
185 $229,946.77 $713.60 $0.00 $1,300.15 $231,960.52
186 $231,960.52 $713.60 $0.00 $1,311.54 $233,985.66
187 $233,985.66 $713.60 $0.00 $1,322.99 $236,022.25
188 $236,022.25 $713.60 $0.00 $1,334.50 $238,070.35
189 $238,070.35 $713.60 $0.00 $1,346.08 $240,130.03
190 $240,130.03 $713.60 $0.00 $1,357.73 $242,201.36
191 $242,201.36 $713.60 $0.00 $1,369.44 $244,284.40
192 $244,284.40 $713.60 $0.00 $1,381.22 $246,379.22
193 $246,379.22 $713.60 $0.00 $1,393.06 $248,485.88
194 $248,485.88 $713.60 $0.00 $1,404.98 $250,604.46
195 $250,604.46 $713.60 $0.00 $1,416.95 $252,735.01
196 $252,735.01 $713.60 $0.00 $1,429.00 $254,877.61
197 $254,877.61 $713.60 $0.00 $1,441.12 $257,032.33
198 $257,032.33 $713.60 $0.00 $1,453.30 $259,199.23
199 $259,199.23 $713.60 $0.00 $1,465.55 $261,378.38
200 $261,378.38 $713.60 $0.00 $1,477.87 $263,569.85
201 $263,569.85 $713.60 $0.00 $1,490.26 $265,773.71
202 $265,773.71 $713.60 $0.00 $1,502.72 $267,990.03
203 $267,990.03 $713.60 $0.00 $1,515.25 $270,218.88
204 $270,218.88 $713.60 $0.00 $1,527.86 $272,460.34
205 $272,460.34 $713.60 $0.00 $1,540.53 $274,714.47
206 $274,714.47 $713.60 $0.00 $1,553.28 $276,981.35
207 $276,981.35 $713.60 $0.00 $1,566.09 $279,261.04
208 $279,261.04 $713.60 $0.00 $1,578.98 $281,553.62
209 $281,553.62 $713.60 $0.00 $1,591.95 $283,859.17
210 $283,859.17 $713.60 $0.00 $1,604.98 $286,177.75
211 $286,177.75 $713.60 $0.00 $1,618.09 $288,509.44
212 $288,509.44 $713.60 $0.00 $1,631.27 $290,854.31
213 $290,854.31 $713.60 $0.00 $1,644.53 $293,212.44
214 $293,212.44 $713.60 $0.00 $1,657.87 $295,583.91
215 $295,583.91 $713.60 $0.00 $1,671.27 $297,968.78
216 $297,968.78 $713.60 $0.00 $1,684.76 $300,367.14
217 $300,367.14 $713.60 $81,344.83 $1,698.32 $221,434.23
218 $221,434.23 $713.60 $0.00 $1,252.02 $223,399.85
219 $223,399.85 $713.60 $0.00 $1,263.14 $225,376.59
220 $225,376.59 $713.60 $0.00 $1,274.31 $227,364.50
221 $227,364.50 $713.60 $0.00 $1,285.55 $229,363.65
222 $229,363.65 $713.60 $0.00 $1,296.86 $231,374.11
223 $231,374.11 $713.60 $0.00 $1,308.22 $233,395.93
224 $233,395.93 $713.60 $0.00 $1,319.65 $235,429.18
225 $235,429.18 $713.60 $0.00 $1,331.15 $237,473.93
226 $237,473.93 $713.60 $0.00 $1,342.71 $239,530.24
227 $239,530.24 $713.60 $0.00 $1,354.34 $241,598.18
228 $241,598.18 $713.60 $0.00 $1,366.03 $243,677.81
229 $243,677.81 $713.60 $87,038.97 $1,377.79 $158,730.23
230 $158,730.23 $713.60 $0.00 $897.48 $160,341.31
231 $160,341.31 $713.60 $0.00 $906.59 $161,961.50
232 $161,961.50 $713.60 $0.00 $915.75 $163,590.85
233 $163,590.85 $713.60 $0.00 $924.97 $165,229.42
234 $165,229.42 $713.60 $0.00 $934.23 $166,877.25
235 $166,877.25 $713.60 $0.00 $943.55 $168,534.40
236 $168,534.40 $713.60 $0.00 $952.92 $170,200.92
237 $170,200.92 $713.60 $0.00 $962.34 $171,876.86
238 $171,876.86 $713.60 $0.00 $971.82 $173,562.28
239 $173,562.28 $713.60 $0.00 $981.35 $175,257.23
240 $175,257.23 $713.60 $0.00 $990.93 $176,961.76
241 $176,961.76 $713.60 $93,131.70 $1,000.57 $85,544.23
242 $85,544.23 $713.60 $0.00 $483.68 $86,741.51
243 $86,741.51 $713.60 $0.00 $490.45 $87,945.56
244 $87,945.56 $713.60 $0.00 $497.26 $89,156.42
245 $89,156.42 $713.60 $0.00 $504.10 $90,374.12
246 $90,374.12 $713.60 $0.00 $510.99 $91,598.71
247 $91,598.71 $713.60 $0.00 $517.91 $92,830.22
248 $92,830.22 $713.60 $0.00 $524.88 $94,068.70
249 $94,068.70 $713.60 $0.00 $531.88 $95,314.18
250 $95,314.18 $713.60 $0.00 $538.92 $96,566.70
251 $96,566.70 $713.60 $0.00 $546.00 $97,826.30
252 $97,826.30 $713.60 $0.00 $553.12 $99,093.02
253 $99,093.02 $0.00 $99,650.91 $560.29 $2.40