Savings Plan and Future Cost Estimation for Alcorn State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$62,927
Monthly savings required$498

How much will it cost to send your child to Alcorn State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $251,707.09 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $498.11 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$24,266.00
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 $498.11 $0.00 $0.00 $498.11
2 $498.11 $498.11 $0.00 $2.82 $999.04
3 $999.04 $498.11 $0.00 $5.65 $1,502.80
4 $1,502.80 $498.11 $0.00 $8.50 $2,009.41
5 $2,009.41 $498.11 $0.00 $11.36 $2,518.88
6 $2,518.88 $498.11 $0.00 $14.24 $3,031.23
7 $3,031.23 $498.11 $0.00 $17.14 $3,546.48
8 $3,546.48 $498.11 $0.00 $20.05 $4,064.64
9 $4,064.64 $498.11 $0.00 $22.98 $4,585.73
10 $4,585.73 $498.11 $0.00 $25.93 $5,109.77
11 $5,109.77 $498.11 $0.00 $28.89 $5,636.77
12 $5,636.77 $498.11 $0.00 $31.87 $6,166.75
13 $6,166.75 $498.11 $0.00 $34.87 $6,699.73
14 $6,699.73 $498.11 $0.00 $37.88 $7,235.72
15 $7,235.72 $498.11 $0.00 $40.91 $7,774.74
16 $7,774.74 $498.11 $0.00 $43.96 $8,316.81
17 $8,316.81 $498.11 $0.00 $47.02 $8,861.94
18 $8,861.94 $498.11 $0.00 $50.11 $9,410.16
19 $9,410.16 $498.11 $0.00 $53.21 $9,961.48
20 $9,961.48 $498.11 $0.00 $56.32 $10,515.91
21 $10,515.91 $498.11 $0.00 $59.46 $11,073.48
22 $11,073.48 $498.11 $0.00 $62.61 $11,634.20
23 $11,634.20 $498.11 $0.00 $65.78 $12,198.09
24 $12,198.09 $498.11 $0.00 $68.97 $12,765.17
25 $12,765.17 $498.11 $0.00 $72.18 $13,335.46
26 $13,335.46 $498.11 $0.00 $75.40 $13,908.97
27 $13,908.97 $498.11 $0.00 $78.64 $14,485.72
28 $14,485.72 $498.11 $0.00 $81.90 $15,065.73
29 $15,065.73 $498.11 $0.00 $85.18 $15,649.02
30 $15,649.02 $498.11 $0.00 $88.48 $16,235.61
31 $16,235.61 $498.11 $0.00 $91.80 $16,825.52
32 $16,825.52 $498.11 $0.00 $95.13 $17,418.76
33 $17,418.76 $498.11 $0.00 $98.49 $18,015.36
34 $18,015.36 $498.11 $0.00 $101.86 $18,615.33
35 $18,615.33 $498.11 $0.00 $105.25 $19,218.69
36 $19,218.69 $498.11 $0.00 $108.67 $19,825.47
37 $19,825.47 $498.11 $0.00 $112.10 $20,435.68
38 $20,435.68 $498.11 $0.00 $115.55 $21,049.34
39 $21,049.34 $498.11 $0.00 $119.02 $21,666.47
40 $21,666.47 $498.11 $0.00 $122.51 $22,287.09
41 $22,287.09 $498.11 $0.00 $126.01 $22,911.21
42 $22,911.21 $498.11 $0.00 $129.54 $23,538.86
43 $23,538.86 $498.11 $0.00 $133.09 $24,170.06
44 $24,170.06 $498.11 $0.00 $136.66 $24,804.83
45 $24,804.83 $498.11 $0.00 $140.25 $25,443.19
46 $25,443.19 $498.11 $0.00 $143.86 $26,085.16
47 $26,085.16 $498.11 $0.00 $147.49 $26,730.76
48 $26,730.76 $498.11 $0.00 $151.14 $27,380.01
49 $27,380.01 $498.11 $0.00 $154.81 $28,032.93
50 $28,032.93 $498.11 $0.00 $158.50 $28,689.54
51 $28,689.54 $498.11 $0.00 $162.21 $29,349.86
52 $29,349.86 $498.11 $0.00 $165.95 $30,013.92
53 $30,013.92 $498.11 $0.00 $169.70 $30,681.73
54 $30,681.73 $498.11 $0.00 $173.48 $31,353.32
55 $31,353.32 $498.11 $0.00 $177.28 $32,028.71
56 $32,028.71 $498.11 $0.00 $181.09 $32,707.91
57 $32,707.91 $498.11 $0.00 $184.94 $33,390.96
58 $33,390.96 $498.11 $0.00 $188.80 $34,077.87
59 $34,077.87 $498.11 $0.00 $192.68 $34,768.66
60 $34,768.66 $498.11 $0.00 $196.59 $35,463.36
61 $35,463.36 $498.11 $0.00 $200.51 $36,161.98
62 $36,161.98 $498.11 $0.00 $204.47 $36,864.56
63 $36,864.56 $498.11 $0.00 $208.44 $37,571.11
64 $37,571.11 $498.11 $0.00 $212.43 $38,281.65
65 $38,281.65 $498.11 $0.00 $216.45 $38,996.21
66 $38,996.21 $498.11 $0.00 $220.49 $39,714.81
67 $39,714.81 $498.11 $0.00 $224.55 $40,437.47
68 $40,437.47 $498.11 $0.00 $228.64 $41,164.22
69 $41,164.22 $498.11 $0.00 $232.75 $41,895.08
70 $41,895.08 $498.11 $0.00 $236.88 $42,630.07
71 $42,630.07 $498.11 $0.00 $241.04 $43,369.22
72 $43,369.22 $498.11 $0.00 $245.22 $44,112.55
73 $44,112.55 $498.11 $0.00 $249.42 $44,860.08
74 $44,860.08 $498.11 $0.00 $253.65 $45,611.84
75 $45,611.84 $498.11 $0.00 $257.90 $46,367.85
76 $46,367.85 $498.11 $0.00 $262.17 $47,128.13
77 $47,128.13 $498.11 $0.00 $266.47 $47,892.71
78 $47,892.71 $498.11 $0.00 $270.79 $48,661.61
79 $48,661.61 $498.11 $0.00 $275.14 $49,434.86
80 $49,434.86 $498.11 $0.00 $279.51 $50,212.48
81 $50,212.48 $498.11 $0.00 $283.91 $50,994.50
82 $50,994.50 $498.11 $0.00 $288.33 $51,780.94
83 $51,780.94 $498.11 $0.00 $292.78 $52,571.83
84 $52,571.83 $498.11 $0.00 $297.25 $53,367.19
85 $53,367.19 $498.11 $0.00 $301.75 $54,167.05
86 $54,167.05 $498.11 $0.00 $306.27 $54,971.43
87 $54,971.43 $498.11 $0.00 $310.82 $55,780.36
88 $55,780.36 $498.11 $0.00 $315.39 $56,593.86
89 $56,593.86 $498.11 $0.00 $319.99 $57,411.96
90 $57,411.96 $498.11 $0.00 $324.62 $58,234.69
91 $58,234.69 $498.11 $0.00 $329.27 $59,062.07
92 $59,062.07 $498.11 $0.00 $333.95 $59,894.13
93 $59,894.13 $498.11 $0.00 $338.65 $60,730.89
94 $60,730.89 $498.11 $0.00 $343.38 $61,572.38
95 $61,572.38 $498.11 $0.00 $348.14 $62,418.63
96 $62,418.63 $498.11 $0.00 $352.92 $63,269.66
97 $63,269.66 $498.11 $0.00 $357.74 $64,125.51
98 $64,125.51 $498.11 $0.00 $362.57 $64,986.19
99 $64,986.19 $498.11 $0.00 $367.44 $65,851.74
100 $65,851.74 $498.11 $0.00 $372.34 $66,722.19
101 $66,722.19 $498.11 $0.00 $377.26 $67,597.56
102 $67,597.56 $498.11 $0.00 $382.21 $68,477.88
103 $68,477.88 $498.11 $0.00 $387.18 $69,363.17
104 $69,363.17 $498.11 $0.00 $392.19 $70,253.47
105 $70,253.47 $498.11 $0.00 $397.22 $71,148.80
106 $71,148.80 $498.11 $0.00 $402.29 $72,049.20
107 $72,049.20 $498.11 $0.00 $407.38 $72,954.69
108 $72,954.69 $498.11 $0.00 $412.50 $73,865.30
109 $73,865.30 $498.11 $0.00 $417.65 $74,781.06
110 $74,781.06 $498.11 $0.00 $422.82 $75,701.99
111 $75,701.99 $498.11 $0.00 $428.03 $76,628.13
112 $76,628.13 $498.11 $0.00 $433.27 $77,559.51
113 $77,559.51 $498.11 $0.00 $438.53 $78,496.15
114 $78,496.15 $498.11 $0.00 $443.83 $79,438.09
115 $79,438.09 $498.11 $0.00 $449.15 $80,385.35
116 $80,385.35 $498.11 $0.00 $454.51 $81,337.97
117 $81,337.97 $498.11 $0.00 $459.90 $82,295.98
118 $82,295.98 $498.11 $0.00 $465.31 $83,259.40
119 $83,259.40 $498.11 $0.00 $470.76 $84,228.27
120 $84,228.27 $498.11 $0.00 $476.24 $85,202.62
121 $85,202.62 $498.11 $0.00 $481.75 $86,182.48
122 $86,182.48 $498.11 $0.00 $487.29 $87,167.88
123 $87,167.88 $498.11 $0.00 $492.86 $88,158.85
124 $88,158.85 $498.11 $0.00 $498.46 $89,155.42
125 $89,155.42 $498.11 $0.00 $504.10 $90,157.63
126 $90,157.63 $498.11 $0.00 $509.76 $91,165.50
127 $91,165.50 $498.11 $0.00 $515.46 $92,179.07
128 $92,179.07 $498.11 $0.00 $521.19 $93,198.37
129 $93,198.37 $498.11 $0.00 $526.96 $94,223.44
130 $94,223.44 $498.11 $0.00 $532.75 $95,254.30
131 $95,254.30 $498.11 $0.00 $538.58 $96,290.99
132 $96,290.99 $498.11 $0.00 $544.44 $97,333.54
133 $97,333.54 $498.11 $0.00 $550.34 $98,381.99
134 $98,381.99 $498.11 $0.00 $556.27 $99,436.37
135 $99,436.37 $498.11 $0.00 $562.23 $100,496.71
136 $100,496.71 $498.11 $0.00 $568.22 $101,563.04
137 $101,563.04 $498.11 $0.00 $574.25 $102,635.40
138 $102,635.40 $498.11 $0.00 $580.32 $103,713.83
139 $103,713.83 $498.11 $0.00 $586.41 $104,798.35
140 $104,798.35 $498.11 $0.00 $592.55 $105,889.01
141 $105,889.01 $498.11 $0.00 $598.71 $106,985.83
142 $106,985.83 $498.11 $0.00 $604.91 $108,088.85
143 $108,088.85 $498.11 $0.00 $611.15 $109,198.11
144 $109,198.11 $498.11 $0.00 $617.42 $110,313.64
145 $110,313.64 $498.11 $0.00 $623.73 $111,435.48
146 $111,435.48 $498.11 $0.00 $630.07 $112,563.66
147 $112,563.66 $498.11 $0.00 $636.45 $113,698.22
148 $113,698.22 $498.11 $0.00 $642.87 $114,839.20
149 $114,839.20 $498.11 $0.00 $649.32 $115,986.63
150 $115,986.63 $498.11 $0.00 $655.81 $117,140.55
151 $117,140.55 $498.11 $0.00 $662.33 $118,300.99
152 $118,300.99 $498.11 $0.00 $668.89 $119,467.99
153 $119,467.99 $498.11 $0.00 $675.49 $120,641.59
154 $120,641.59 $498.11 $0.00 $682.13 $121,821.83
155 $121,821.83 $498.11 $0.00 $688.80 $123,008.74
156 $123,008.74 $498.11 $0.00 $695.51 $124,202.36
157 $124,202.36 $498.11 $0.00 $702.26 $125,402.73
158 $125,402.73 $498.11 $0.00 $709.05 $126,609.89
159 $126,609.89 $498.11 $0.00 $715.87 $127,823.87
160 $127,823.87 $498.11 $0.00 $722.73 $129,044.71
161 $129,044.71 $498.11 $0.00 $729.64 $130,272.46
162 $130,272.46 $498.11 $0.00 $736.58 $131,507.15
163 $131,507.15 $498.11 $0.00 $743.56 $132,748.82
164 $132,748.82 $498.11 $0.00 $750.58 $133,997.51
165 $133,997.51 $498.11 $0.00 $757.64 $135,253.26
166 $135,253.26 $498.11 $0.00 $764.74 $136,516.11
167 $136,516.11 $498.11 $0.00 $771.88 $137,786.10
168 $137,786.10 $498.11 $0.00 $779.06 $139,063.27
169 $139,063.27 $498.11 $0.00 $786.28 $140,347.66
170 $140,347.66 $498.11 $0.00 $793.55 $141,639.32
171 $141,639.32 $498.11 $0.00 $800.85 $142,938.28
172 $142,938.28 $498.11 $0.00 $808.19 $144,244.58
173 $144,244.58 $498.11 $0.00 $815.58 $145,558.27
174 $145,558.27 $498.11 $0.00 $823.01 $146,879.39
175 $146,879.39 $498.11 $0.00 $830.48 $148,207.98
176 $148,207.98 $498.11 $0.00 $837.99 $149,544.08
177 $149,544.08 $498.11 $0.00 $845.54 $150,887.73
178 $150,887.73 $498.11 $0.00 $853.14 $152,238.98
179 $152,238.98 $498.11 $0.00 $860.78 $153,597.87
180 $153,597.87 $498.11 $0.00 $868.46 $154,964.44
181 $154,964.44 $498.11 $0.00 $876.19 $156,338.74
182 $156,338.74 $498.11 $0.00 $883.96 $157,720.81
183 $157,720.81 $498.11 $0.00 $891.78 $159,110.70
184 $159,110.70 $498.11 $0.00 $899.64 $160,508.45
185 $160,508.45 $498.11 $0.00 $907.54 $161,914.10
186 $161,914.10 $498.11 $0.00 $915.49 $163,327.70
187 $163,327.70 $498.11 $0.00 $923.48 $164,749.29
188 $164,749.29 $498.11 $0.00 $931.52 $166,178.92
189 $166,178.92 $498.11 $0.00 $939.60 $167,616.63
190 $167,616.63 $498.11 $0.00 $947.73 $169,062.47
191 $169,062.47 $498.11 $0.00 $955.90 $170,516.48
192 $170,516.48 $498.11 $0.00 $964.12 $171,978.71
193 $171,978.71 $498.11 $0.00 $972.39 $173,449.21
194 $173,449.21 $498.11 $0.00 $980.71 $174,928.03
195 $174,928.03 $498.11 $0.00 $989.07 $176,415.21
196 $176,415.21 $498.11 $0.00 $997.48 $177,910.80
197 $177,910.80 $498.11 $0.00 $1,005.93 $179,414.84
198 $179,414.84 $498.11 $0.00 $1,014.44 $180,927.39
199 $180,927.39 $498.11 $0.00 $1,022.99 $182,448.49
200 $182,448.49 $498.11 $0.00 $1,031.59 $183,978.19
201 $183,978.19 $498.11 $0.00 $1,040.24 $185,516.54
202 $185,516.54 $498.11 $0.00 $1,048.94 $187,063.59
203 $187,063.59 $498.11 $0.00 $1,057.68 $188,619.38
204 $188,619.38 $498.11 $0.00 $1,066.48 $190,183.97
205 $190,183.97 $498.11 $0.00 $1,075.33 $191,757.41
206 $191,757.41 $498.11 $0.00 $1,084.22 $193,339.74
207 $193,339.74 $498.11 $0.00 $1,093.17 $194,931.02
208 $194,931.02 $498.11 $0.00 $1,102.17 $196,531.30
209 $196,531.30 $498.11 $0.00 $1,111.22 $198,140.63
210 $198,140.63 $498.11 $0.00 $1,120.32 $199,759.06
211 $199,759.06 $498.11 $0.00 $1,129.47 $201,386.64
212 $201,386.64 $498.11 $0.00 $1,138.67 $203,023.42
213 $203,023.42 $498.11 $0.00 $1,147.92 $204,669.45
214 $204,669.45 $498.11 $0.00 $1,157.23 $206,324.79
215 $206,324.79 $498.11 $0.00 $1,166.59 $207,989.49
216 $207,989.49 $498.11 $0.00 $1,176.00 $209,663.60
217 $209,663.60 $498.11 $58,399.02 $1,185.47 $152,948.16
218 $152,948.16 $498.11 $0.00 $864.79 $154,311.06
219 $154,311.06 $498.11 $0.00 $872.50 $155,681.67
220 $155,681.67 $498.11 $0.00 $880.25 $157,060.03
221 $157,060.03 $498.11 $0.00 $888.04 $158,446.18
222 $158,446.18 $498.11 $0.00 $895.88 $159,840.17
223 $159,840.17 $498.11 $0.00 $903.76 $161,242.04
224 $161,242.04 $498.11 $0.00 $911.69 $162,651.84
225 $162,651.84 $498.11 $0.00 $919.66 $164,069.61
226 $164,069.61 $498.11 $0.00 $927.67 $165,495.39
227 $165,495.39 $498.11 $0.00 $935.73 $166,929.23
228 $166,929.23 $498.11 $0.00 $943.84 $168,371.18
229 $168,371.18 $498.11 $61,318.97 $952.00 $108,502.32
230 $108,502.32 $498.11 $0.00 $613.49 $109,613.92
231 $109,613.92 $498.11 $0.00 $619.77 $110,731.80
232 $110,731.80 $498.11 $0.00 $626.09 $111,856.00
233 $111,856.00 $498.11 $0.00 $632.45 $112,986.56
234 $112,986.56 $498.11 $0.00 $638.84 $114,123.51
235 $114,123.51 $498.11 $0.00 $645.27 $115,266.89
236 $115,266.89 $498.11 $0.00 $651.74 $116,416.74
237 $116,416.74 $498.11 $0.00 $658.24 $117,573.09
238 $117,573.09 $498.11 $0.00 $664.78 $118,735.98
239 $118,735.98 $498.11 $0.00 $671.35 $119,905.44
240 $119,905.44 $498.11 $0.00 $677.96 $121,081.51
241 $121,081.51 $498.11 $64,384.92 $684.61 $57,879.31
242 $57,879.31 $498.11 $0.00 $327.26 $58,704.68
243 $58,704.68 $498.11 $0.00 $331.92 $59,534.71
244 $59,534.71 $498.11 $0.00 $336.62 $60,369.44
245 $60,369.44 $498.11 $0.00 $341.34 $61,208.89
246 $61,208.89 $498.11 $0.00 $346.08 $62,053.08
247 $62,053.08 $498.11 $0.00 $350.86 $62,902.05
248 $62,902.05 $498.11 $0.00 $355.66 $63,755.82
249 $63,755.82 $498.11 $0.00 $360.48 $64,614.41
250 $64,614.41 $498.11 $0.00 $365.34 $65,477.86
251 $65,477.86 $498.11 $0.00 $370.22 $66,346.19
252 $66,346.19 $498.11 $0.00 $375.13 $67,219.43
253 $67,219.43 $0.00 $67,604.17 $380.07 ($4.67)