Savings Plan and Future Cost Estimation for University of St Thomas

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$162,013
Monthly savings required$1,282

How much will it cost to send your child to University of St Thomas in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $648,052.91 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,282.48 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$62,476.00
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 $1,282.48 $0.00 $0.00 $1,282.48
2 $1,282.48 $1,282.48 $0.00 $7.25 $2,572.21
3 $2,572.21 $1,282.48 $0.00 $14.54 $3,869.23
4 $3,869.23 $1,282.48 $0.00 $21.88 $5,173.59
5 $5,173.59 $1,282.48 $0.00 $29.25 $6,485.32
6 $6,485.32 $1,282.48 $0.00 $36.67 $7,804.47
7 $7,804.47 $1,282.48 $0.00 $44.13 $9,131.08
8 $9,131.08 $1,282.48 $0.00 $51.63 $10,465.19
9 $10,465.19 $1,282.48 $0.00 $59.17 $11,806.84
10 $11,806.84 $1,282.48 $0.00 $66.76 $13,156.08
11 $13,156.08 $1,282.48 $0.00 $74.39 $14,512.95
12 $14,512.95 $1,282.48 $0.00 $82.06 $15,877.49
13 $15,877.49 $1,282.48 $0.00 $89.77 $17,249.74
14 $17,249.74 $1,282.48 $0.00 $97.53 $18,629.75
15 $18,629.75 $1,282.48 $0.00 $105.34 $20,017.57
16 $20,017.57 $1,282.48 $0.00 $113.18 $21,413.23
17 $21,413.23 $1,282.48 $0.00 $121.07 $22,816.78
18 $22,816.78 $1,282.48 $0.00 $129.01 $24,228.27
19 $24,228.27 $1,282.48 $0.00 $136.99 $25,647.74
20 $25,647.74 $1,282.48 $0.00 $145.02 $27,075.24
21 $27,075.24 $1,282.48 $0.00 $153.09 $28,510.81
22 $28,510.81 $1,282.48 $0.00 $161.20 $29,954.49
23 $29,954.49 $1,282.48 $0.00 $169.37 $31,406.34
24 $31,406.34 $1,282.48 $0.00 $177.58 $32,866.40
25 $32,866.40 $1,282.48 $0.00 $185.83 $34,334.71
26 $34,334.71 $1,282.48 $0.00 $194.13 $35,811.32
27 $35,811.32 $1,282.48 $0.00 $202.48 $37,296.28
28 $37,296.28 $1,282.48 $0.00 $210.88 $38,789.64
29 $38,789.64 $1,282.48 $0.00 $219.32 $40,291.44
30 $40,291.44 $1,282.48 $0.00 $227.81 $41,801.73
31 $41,801.73 $1,282.48 $0.00 $236.35 $43,320.56
32 $43,320.56 $1,282.48 $0.00 $244.94 $44,847.98
33 $44,847.98 $1,282.48 $0.00 $253.58 $46,384.04
34 $46,384.04 $1,282.48 $0.00 $262.26 $47,928.78
35 $47,928.78 $1,282.48 $0.00 $271.00 $49,482.26
36 $49,482.26 $1,282.48 $0.00 $279.78 $51,044.52
37 $51,044.52 $1,282.48 $0.00 $288.61 $52,615.61
38 $52,615.61 $1,282.48 $0.00 $297.50 $54,195.59
39 $54,195.59 $1,282.48 $0.00 $306.43 $55,784.50
40 $55,784.50 $1,282.48 $0.00 $315.41 $57,382.39
41 $57,382.39 $1,282.48 $0.00 $324.45 $58,989.32
42 $58,989.32 $1,282.48 $0.00 $333.53 $60,605.33
43 $60,605.33 $1,282.48 $0.00 $342.67 $62,230.48
44 $62,230.48 $1,282.48 $0.00 $351.86 $63,864.82
45 $63,864.82 $1,282.48 $0.00 $361.10 $65,508.40
46 $65,508.40 $1,282.48 $0.00 $370.39 $67,161.27
47 $67,161.27 $1,282.48 $0.00 $379.74 $68,823.49
48 $68,823.49 $1,282.48 $0.00 $389.14 $70,495.11
49 $70,495.11 $1,282.48 $0.00 $398.59 $72,176.18
50 $72,176.18 $1,282.48 $0.00 $408.09 $73,866.75
51 $73,866.75 $1,282.48 $0.00 $417.65 $75,566.88
52 $75,566.88 $1,282.48 $0.00 $427.27 $77,276.63
53 $77,276.63 $1,282.48 $0.00 $436.93 $78,996.04
54 $78,996.04 $1,282.48 $0.00 $446.66 $80,725.18
55 $80,725.18 $1,282.48 $0.00 $456.43 $82,464.09
56 $82,464.09 $1,282.48 $0.00 $466.26 $84,212.83
57 $84,212.83 $1,282.48 $0.00 $476.15 $85,971.46
58 $85,971.46 $1,282.48 $0.00 $486.10 $87,740.04
59 $87,740.04 $1,282.48 $0.00 $496.09 $89,518.61
60 $89,518.61 $1,282.48 $0.00 $506.15 $91,307.24
61 $91,307.24 $1,282.48 $0.00 $516.26 $93,105.98
62 $93,105.98 $1,282.48 $0.00 $526.43 $94,914.89
63 $94,914.89 $1,282.48 $0.00 $536.66 $96,734.03
64 $96,734.03 $1,282.48 $0.00 $546.95 $98,563.46
65 $98,563.46 $1,282.48 $0.00 $557.29 $100,403.23
66 $100,403.23 $1,282.48 $0.00 $567.69 $102,253.40
67 $102,253.40 $1,282.48 $0.00 $578.16 $104,114.04
68 $104,114.04 $1,282.48 $0.00 $588.68 $105,985.20
69 $105,985.20 $1,282.48 $0.00 $599.26 $107,866.94
70 $107,866.94 $1,282.48 $0.00 $609.90 $109,759.32
71 $109,759.32 $1,282.48 $0.00 $620.60 $111,662.40
72 $111,662.40 $1,282.48 $0.00 $631.36 $113,576.24
73 $113,576.24 $1,282.48 $0.00 $642.18 $115,500.90
74 $115,500.90 $1,282.48 $0.00 $653.06 $117,436.44
75 $117,436.44 $1,282.48 $0.00 $664.00 $119,382.92
76 $119,382.92 $1,282.48 $0.00 $675.01 $121,340.41
77 $121,340.41 $1,282.48 $0.00 $686.08 $123,308.97
78 $123,308.97 $1,282.48 $0.00 $697.21 $125,288.66
79 $125,288.66 $1,282.48 $0.00 $708.40 $127,279.54
80 $127,279.54 $1,282.48 $0.00 $719.66 $129,281.68
81 $129,281.68 $1,282.48 $0.00 $730.98 $131,295.14
82 $131,295.14 $1,282.48 $0.00 $742.36 $133,319.98
83 $133,319.98 $1,282.48 $0.00 $753.81 $135,356.27
84 $135,356.27 $1,282.48 $0.00 $765.32 $137,404.07
85 $137,404.07 $1,282.48 $0.00 $776.90 $139,463.45
86 $139,463.45 $1,282.48 $0.00 $788.55 $141,534.48
87 $141,534.48 $1,282.48 $0.00 $800.26 $143,617.22
88 $143,617.22 $1,282.48 $0.00 $812.03 $145,711.73
89 $145,711.73 $1,282.48 $0.00 $823.88 $147,818.09
90 $147,818.09 $1,282.48 $0.00 $835.78 $149,936.35
91 $149,936.35 $1,282.48 $0.00 $847.76 $152,066.59
92 $152,066.59 $1,282.48 $0.00 $859.81 $154,208.88
93 $154,208.88 $1,282.48 $0.00 $871.92 $156,363.28
94 $156,363.28 $1,282.48 $0.00 $884.10 $158,529.86
95 $158,529.86 $1,282.48 $0.00 $896.35 $160,708.69
96 $160,708.69 $1,282.48 $0.00 $908.67 $162,899.84
97 $162,899.84 $1,282.48 $0.00 $921.06 $165,103.38
98 $165,103.38 $1,282.48 $0.00 $933.52 $167,319.38
99 $167,319.38 $1,282.48 $0.00 $946.05 $169,547.91
100 $169,547.91 $1,282.48 $0.00 $958.65 $171,789.04
101 $171,789.04 $1,282.48 $0.00 $971.32 $174,042.84
102 $174,042.84 $1,282.48 $0.00 $984.06 $176,309.38
103 $176,309.38 $1,282.48 $0.00 $996.88 $178,588.74
104 $178,588.74 $1,282.48 $0.00 $1,009.77 $180,880.99
105 $180,880.99 $1,282.48 $0.00 $1,022.73 $183,186.20
106 $183,186.20 $1,282.48 $0.00 $1,035.76 $185,504.44
107 $185,504.44 $1,282.48 $0.00 $1,048.87 $187,835.79
108 $187,835.79 $1,282.48 $0.00 $1,062.05 $190,180.32
109 $190,180.32 $1,282.48 $0.00 $1,075.31 $192,538.11
110 $192,538.11 $1,282.48 $0.00 $1,088.64 $194,909.23
111 $194,909.23 $1,282.48 $0.00 $1,102.05 $197,293.76
112 $197,293.76 $1,282.48 $0.00 $1,115.53 $199,691.77
113 $199,691.77 $1,282.48 $0.00 $1,129.09 $202,103.34
114 $202,103.34 $1,282.48 $0.00 $1,142.72 $204,528.54
115 $204,528.54 $1,282.48 $0.00 $1,156.43 $206,967.45
116 $206,967.45 $1,282.48 $0.00 $1,170.22 $209,420.15
117 $209,420.15 $1,282.48 $0.00 $1,184.09 $211,886.72
118 $211,886.72 $1,282.48 $0.00 $1,198.04 $214,367.24
119 $214,367.24 $1,282.48 $0.00 $1,212.06 $216,861.78
120 $216,861.78 $1,282.48 $0.00 $1,226.17 $219,370.43
121 $219,370.43 $1,282.48 $0.00 $1,240.35 $221,893.26
122 $221,893.26 $1,282.48 $0.00 $1,254.62 $224,430.36
123 $224,430.36 $1,282.48 $0.00 $1,268.96 $226,981.80
124 $226,981.80 $1,282.48 $0.00 $1,283.39 $229,547.67
125 $229,547.67 $1,282.48 $0.00 $1,297.90 $232,128.05
126 $232,128.05 $1,282.48 $0.00 $1,312.49 $234,723.02
127 $234,723.02 $1,282.48 $0.00 $1,327.16 $237,332.66
128 $237,332.66 $1,282.48 $0.00 $1,341.91 $239,957.05
129 $239,957.05 $1,282.48 $0.00 $1,356.75 $242,596.28
130 $242,596.28 $1,282.48 $0.00 $1,371.67 $245,250.43
131 $245,250.43 $1,282.48 $0.00 $1,386.68 $247,919.59
132 $247,919.59 $1,282.48 $0.00 $1,401.77 $250,603.84
133 $250,603.84 $1,282.48 $0.00 $1,416.95 $253,303.27
134 $253,303.27 $1,282.48 $0.00 $1,432.21 $256,017.96
135 $256,017.96 $1,282.48 $0.00 $1,447.56 $258,748.00
136 $258,748.00 $1,282.48 $0.00 $1,463.00 $261,493.48
137 $261,493.48 $1,282.48 $0.00 $1,478.52 $264,254.48
138 $264,254.48 $1,282.48 $0.00 $1,494.13 $267,031.09
139 $267,031.09 $1,282.48 $0.00 $1,509.83 $269,823.40
140 $269,823.40 $1,282.48 $0.00 $1,525.62 $272,631.50
141 $272,631.50 $1,282.48 $0.00 $1,541.50 $275,455.48
142 $275,455.48 $1,282.48 $0.00 $1,557.47 $278,295.43
143 $278,295.43 $1,282.48 $0.00 $1,573.52 $281,151.43
144 $281,151.43 $1,282.48 $0.00 $1,589.67 $284,023.58
145 $284,023.58 $1,282.48 $0.00 $1,605.91 $286,911.97
146 $286,911.97 $1,282.48 $0.00 $1,622.24 $289,816.69
147 $289,816.69 $1,282.48 $0.00 $1,638.67 $292,737.84
148 $292,737.84 $1,282.48 $0.00 $1,655.18 $295,675.50
149 $295,675.50 $1,282.48 $0.00 $1,671.79 $298,629.77
150 $298,629.77 $1,282.48 $0.00 $1,688.50 $301,600.75
151 $301,600.75 $1,282.48 $0.00 $1,705.29 $304,588.52
152 $304,588.52 $1,282.48 $0.00 $1,722.19 $307,593.19
153 $307,593.19 $1,282.48 $0.00 $1,739.18 $310,614.85
154 $310,614.85 $1,282.48 $0.00 $1,756.26 $313,653.59
155 $313,653.59 $1,282.48 $0.00 $1,773.44 $316,709.51
156 $316,709.51 $1,282.48 $0.00 $1,790.72 $319,782.71
157 $319,782.71 $1,282.48 $0.00 $1,808.10 $322,873.29
158 $322,873.29 $1,282.48 $0.00 $1,825.57 $325,981.34
159 $325,981.34 $1,282.48 $0.00 $1,843.15 $329,106.97
160 $329,106.97 $1,282.48 $0.00 $1,860.82 $332,250.27
161 $332,250.27 $1,282.48 $0.00 $1,878.59 $335,411.34
162 $335,411.34 $1,282.48 $0.00 $1,896.46 $338,590.28
163 $338,590.28 $1,282.48 $0.00 $1,914.44 $341,787.20
164 $341,787.20 $1,282.48 $0.00 $1,932.51 $345,002.19
165 $345,002.19 $1,282.48 $0.00 $1,950.69 $348,235.36
166 $348,235.36 $1,282.48 $0.00 $1,968.97 $351,486.81
167 $351,486.81 $1,282.48 $0.00 $1,987.36 $354,756.65
168 $354,756.65 $1,282.48 $0.00 $2,005.85 $358,044.98
169 $358,044.98 $1,282.48 $0.00 $2,024.44 $361,351.90
170 $361,351.90 $1,282.48 $0.00 $2,043.14 $364,677.52
171 $364,677.52 $1,282.48 $0.00 $2,061.94 $368,021.94
172 $368,021.94 $1,282.48 $0.00 $2,080.85 $371,385.27
173 $371,385.27 $1,282.48 $0.00 $2,099.87 $374,767.62
174 $374,767.62 $1,282.48 $0.00 $2,118.99 $378,169.09
175 $378,169.09 $1,282.48 $0.00 $2,138.22 $381,589.79
176 $381,589.79 $1,282.48 $0.00 $2,157.56 $385,029.83
177 $385,029.83 $1,282.48 $0.00 $2,177.01 $388,489.32
178 $388,489.32 $1,282.48 $0.00 $2,196.58 $391,968.38
179 $391,968.38 $1,282.48 $0.00 $2,216.25 $395,467.11
180 $395,467.11 $1,282.48 $0.00 $2,236.03 $398,985.62
181 $398,985.62 $1,282.48 $0.00 $2,255.92 $402,524.02
182 $402,524.02 $1,282.48 $0.00 $2,275.93 $406,082.43
183 $406,082.43 $1,282.48 $0.00 $2,296.05 $409,660.96
184 $409,660.96 $1,282.48 $0.00 $2,316.28 $413,259.72
185 $413,259.72 $1,282.48 $0.00 $2,336.63 $416,878.83
186 $416,878.83 $1,282.48 $0.00 $2,357.09 $420,518.40
187 $420,518.40 $1,282.48 $0.00 $2,377.67 $424,178.55
188 $424,178.55 $1,282.48 $0.00 $2,398.37 $427,859.40
189 $427,859.40 $1,282.48 $0.00 $2,419.18 $431,561.06
190 $431,561.06 $1,282.48 $0.00 $2,440.11 $435,283.65
191 $435,283.65 $1,282.48 $0.00 $2,461.16 $439,027.29
192 $439,027.29 $1,282.48 $0.00 $2,482.32 $442,792.09
193 $442,792.09 $1,282.48 $0.00 $2,503.61 $446,578.18
194 $446,578.18 $1,282.48 $0.00 $2,525.02 $450,385.68
195 $450,385.68 $1,282.48 $0.00 $2,546.55 $454,214.71
196 $454,214.71 $1,282.48 $0.00 $2,568.20 $458,065.39
197 $458,065.39 $1,282.48 $0.00 $2,589.97 $461,937.84
198 $461,937.84 $1,282.48 $0.00 $2,611.86 $465,832.18
199 $465,832.18 $1,282.48 $0.00 $2,633.88 $469,748.54
200 $469,748.54 $1,282.48 $0.00 $2,656.03 $473,687.05
201 $473,687.05 $1,282.48 $0.00 $2,678.30 $477,647.83
202 $477,647.83 $1,282.48 $0.00 $2,700.69 $481,631.00
203 $481,631.00 $1,282.48 $0.00 $2,723.21 $485,636.69
204 $485,636.69 $1,282.48 $0.00 $2,745.86 $489,665.03
205 $489,665.03 $1,282.48 $0.00 $2,768.64 $493,716.15
206 $493,716.15 $1,282.48 $0.00 $2,791.54 $497,790.17
207 $497,790.17 $1,282.48 $0.00 $2,814.58 $501,887.23
208 $501,887.23 $1,282.48 $0.00 $2,837.74 $506,007.45
209 $506,007.45 $1,282.48 $0.00 $2,861.04 $510,150.97
210 $510,150.97 $1,282.48 $0.00 $2,884.47 $514,317.92
211 $514,317.92 $1,282.48 $0.00 $2,908.03 $518,508.43
212 $518,508.43 $1,282.48 $0.00 $2,931.72 $522,722.63
213 $522,722.63 $1,282.48 $0.00 $2,955.55 $526,960.66
214 $526,960.66 $1,282.48 $0.00 $2,979.51 $531,222.65
215 $531,222.65 $1,282.48 $0.00 $3,003.61 $535,508.74
216 $535,508.74 $1,282.48 $0.00 $3,027.84 $539,819.06
217 $539,819.06 $1,282.48 $150,355.94 $3,052.22 $393,797.82
218 $393,797.82 $1,282.48 $0.00 $2,226.59 $397,306.89
219 $397,306.89 $1,282.48 $0.00 $2,246.43 $400,835.80
220 $400,835.80 $1,282.48 $0.00 $2,266.38 $404,384.66
221 $404,384.66 $1,282.48 $0.00 $2,286.45 $407,953.59
222 $407,953.59 $1,282.48 $0.00 $2,306.63 $411,542.70
223 $411,542.70 $1,282.48 $0.00 $2,326.92 $415,152.10
224 $415,152.10 $1,282.48 $0.00 $2,347.33 $418,781.91
225 $418,781.91 $1,282.48 $0.00 $2,367.85 $422,432.24
226 $422,432.24 $1,282.48 $0.00 $2,388.49 $426,103.21
227 $426,103.21 $1,282.48 $0.00 $2,409.25 $429,794.94
228 $429,794.94 $1,282.48 $0.00 $2,430.12 $433,507.54
229 $433,507.54 $1,282.48 $157,873.74 $2,451.11 $279,367.39
230 $279,367.39 $1,282.48 $0.00 $1,579.58 $282,229.45
231 $282,229.45 $1,282.48 $0.00 $1,595.77 $285,107.70
232 $285,107.70 $1,282.48 $0.00 $1,612.04 $288,002.22
233 $288,002.22 $1,282.48 $0.00 $1,628.41 $290,913.11
234 $290,913.11 $1,282.48 $0.00 $1,644.87 $293,840.46
235 $293,840.46 $1,282.48 $0.00 $1,661.42 $296,784.36
236 $296,784.36 $1,282.48 $0.00 $1,678.06 $299,744.90
237 $299,744.90 $1,282.48 $0.00 $1,694.80 $302,722.18
238 $302,722.18 $1,282.48 $0.00 $1,711.64 $305,716.30
239 $305,716.30 $1,282.48 $0.00 $1,728.56 $308,727.34
240 $308,727.34 $1,282.48 $0.00 $1,745.59 $311,755.41
241 $311,755.41 $1,282.48 $165,767.43 $1,762.71 $149,033.17
242 $149,033.17 $1,282.48 $0.00 $842.66 $151,158.31
243 $151,158.31 $1,282.48 $0.00 $854.67 $153,295.46
244 $153,295.46 $1,282.48 $0.00 $866.75 $155,444.69
245 $155,444.69 $1,282.48 $0.00 $878.91 $157,606.08
246 $157,606.08 $1,282.48 $0.00 $891.13 $159,779.69
247 $159,779.69 $1,282.48 $0.00 $903.42 $161,965.59
248 $161,965.59 $1,282.48 $0.00 $915.78 $164,163.85
249 $164,163.85 $1,282.48 $0.00 $928.21 $166,374.54
250 $166,374.54 $1,282.48 $0.00 $940.71 $168,597.73
251 $168,597.73 $1,282.48 $0.00 $953.28 $170,833.49
252 $170,833.49 $1,282.48 $0.00 $965.92 $173,081.89
253 $173,081.89 $0.00 $174,055.80 $978.63 $4.72