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 2041$61,749
Monthly savings required$489

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 $246,997.82 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $488.79 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$23,812.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Alcorn State University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $488.79 $0.00 $0.00 $488.79
2 $488.79 $488.79 $0.00 $2.76 $980.34
3 $980.34 $488.79 $0.00 $5.54 $1,474.67
4 $1,474.67 $488.79 $0.00 $8.34 $1,971.80
5 $1,971.80 $488.79 $0.00 $11.15 $2,471.74
6 $2,471.74 $488.79 $0.00 $13.98 $2,974.51
7 $2,974.51 $488.79 $0.00 $16.82 $3,480.12
8 $3,480.12 $488.79 $0.00 $19.68 $3,988.59
9 $3,988.59 $488.79 $0.00 $22.55 $4,499.93
10 $4,499.93 $488.79 $0.00 $25.44 $5,014.16
11 $5,014.16 $488.79 $0.00 $28.35 $5,531.30
12 $5,531.30 $488.79 $0.00 $31.27 $6,051.36
13 $6,051.36 $488.79 $0.00 $34.22 $6,574.37
14 $6,574.37 $488.79 $0.00 $37.17 $7,100.33
15 $7,100.33 $488.79 $0.00 $40.15 $7,629.27
16 $7,629.27 $488.79 $0.00 $43.14 $8,161.20
17 $8,161.20 $488.79 $0.00 $46.14 $8,696.13
18 $8,696.13 $488.79 $0.00 $49.17 $9,234.09
19 $9,234.09 $488.79 $0.00 $52.21 $9,775.09
20 $9,775.09 $488.79 $0.00 $55.27 $10,319.15
21 $10,319.15 $488.79 $0.00 $58.35 $10,866.29
22 $10,866.29 $488.79 $0.00 $61.44 $11,416.52
23 $11,416.52 $488.79 $0.00 $64.55 $11,969.86
24 $11,969.86 $488.79 $0.00 $67.68 $12,526.33
25 $12,526.33 $488.79 $0.00 $70.83 $13,085.95
26 $13,085.95 $488.79 $0.00 $73.99 $13,648.73
27 $13,648.73 $488.79 $0.00 $77.17 $14,214.69
28 $14,214.69 $488.79 $0.00 $80.37 $14,783.85
29 $14,783.85 $488.79 $0.00 $83.59 $15,356.23
30 $15,356.23 $488.79 $0.00 $86.83 $15,931.85
31 $15,931.85 $488.79 $0.00 $90.08 $16,510.72
32 $16,510.72 $488.79 $0.00 $93.35 $17,092.86
33 $17,092.86 $488.79 $0.00 $96.65 $17,678.30
34 $17,678.30 $488.79 $0.00 $99.96 $18,267.05
35 $18,267.05 $488.79 $0.00 $103.28 $18,859.12
36 $18,859.12 $488.79 $0.00 $106.63 $19,454.54
37 $19,454.54 $488.79 $0.00 $110.00 $20,053.33
38 $20,053.33 $488.79 $0.00 $113.38 $20,655.50
39 $20,655.50 $488.79 $0.00 $116.79 $21,261.08
40 $21,261.08 $488.79 $0.00 $120.21 $21,870.08
41 $21,870.08 $488.79 $0.00 $123.66 $22,482.53
42 $22,482.53 $488.79 $0.00 $127.12 $23,098.44
43 $23,098.44 $488.79 $0.00 $130.60 $23,717.83
44 $23,717.83 $488.79 $0.00 $134.10 $24,340.72
45 $24,340.72 $488.79 $0.00 $137.63 $24,967.14
46 $24,967.14 $488.79 $0.00 $141.17 $25,597.10
47 $25,597.10 $488.79 $0.00 $144.73 $26,230.62
48 $26,230.62 $488.79 $0.00 $148.31 $26,867.72
49 $26,867.72 $488.79 $0.00 $151.91 $27,508.42
50 $27,508.42 $488.79 $0.00 $155.54 $28,152.75
51 $28,152.75 $488.79 $0.00 $159.18 $28,800.72
52 $28,800.72 $488.79 $0.00 $162.84 $29,452.35
53 $29,452.35 $488.79 $0.00 $166.53 $30,107.67
54 $30,107.67 $488.79 $0.00 $170.23 $30,766.69
55 $30,766.69 $488.79 $0.00 $173.96 $31,429.44
56 $31,429.44 $488.79 $0.00 $177.71 $32,095.94
57 $32,095.94 $488.79 $0.00 $181.48 $32,766.21
58 $32,766.21 $488.79 $0.00 $185.26 $33,440.26
59 $33,440.26 $488.79 $0.00 $189.08 $34,118.13
60 $34,118.13 $488.79 $0.00 $192.91 $34,799.83
61 $34,799.83 $488.79 $0.00 $196.76 $35,485.38
62 $35,485.38 $488.79 $0.00 $200.64 $36,174.81
63 $36,174.81 $488.79 $0.00 $204.54 $36,868.14
64 $36,868.14 $488.79 $0.00 $208.46 $37,565.39
65 $37,565.39 $488.79 $0.00 $212.40 $38,266.58
66 $38,266.58 $488.79 $0.00 $216.36 $38,971.73
67 $38,971.73 $488.79 $0.00 $220.35 $39,680.87
68 $39,680.87 $488.79 $0.00 $224.36 $40,394.02
69 $40,394.02 $488.79 $0.00 $228.39 $41,111.20
70 $41,111.20 $488.79 $0.00 $232.45 $41,832.44
71 $41,832.44 $488.79 $0.00 $236.53 $42,557.76
72 $42,557.76 $488.79 $0.00 $240.63 $43,287.18
73 $43,287.18 $488.79 $0.00 $244.75 $44,020.72
74 $44,020.72 $488.79 $0.00 $248.90 $44,758.41
75 $44,758.41 $488.79 $0.00 $253.07 $45,500.27
76 $45,500.27 $488.79 $0.00 $257.27 $46,246.33
77 $46,246.33 $488.79 $0.00 $261.48 $46,996.60
78 $46,996.60 $488.79 $0.00 $265.73 $47,751.12
79 $47,751.12 $488.79 $0.00 $269.99 $48,509.90
80 $48,509.90 $488.79 $0.00 $274.28 $49,272.97
81 $49,272.97 $488.79 $0.00 $278.60 $50,040.36
82 $50,040.36 $488.79 $0.00 $282.94 $50,812.09
83 $50,812.09 $488.79 $0.00 $287.30 $51,588.18
84 $51,588.18 $488.79 $0.00 $291.69 $52,368.66
85 $52,368.66 $488.79 $0.00 $296.10 $53,153.55
86 $53,153.55 $488.79 $0.00 $300.54 $53,942.88
87 $53,942.88 $488.79 $0.00 $305.00 $54,736.67
88 $54,736.67 $488.79 $0.00 $309.49 $55,534.95
89 $55,534.95 $488.79 $0.00 $314.00 $56,337.74
90 $56,337.74 $488.79 $0.00 $318.54 $57,145.07
91 $57,145.07 $488.79 $0.00 $323.11 $57,956.97
92 $57,956.97 $488.79 $0.00 $327.70 $58,773.46
93 $58,773.46 $488.79 $0.00 $332.31 $59,594.56
94 $59,594.56 $488.79 $0.00 $336.96 $60,420.31
95 $60,420.31 $488.79 $0.00 $341.63 $61,250.73
96 $61,250.73 $488.79 $0.00 $346.32 $62,085.84
97 $62,085.84 $488.79 $0.00 $351.04 $62,925.67
98 $62,925.67 $488.79 $0.00 $355.79 $63,770.25
99 $63,770.25 $488.79 $0.00 $360.57 $64,619.61
100 $64,619.61 $488.79 $0.00 $365.37 $65,473.77
101 $65,473.77 $488.79 $0.00 $370.20 $66,332.76
102 $66,332.76 $488.79 $0.00 $375.06 $67,196.61
103 $67,196.61 $488.79 $0.00 $379.94 $68,065.34
104 $68,065.34 $488.79 $0.00 $384.85 $68,938.98
105 $68,938.98 $488.79 $0.00 $389.79 $69,817.56
106 $69,817.56 $488.79 $0.00 $394.76 $70,701.11
107 $70,701.11 $488.79 $0.00 $399.75 $71,589.65
108 $71,589.65 $488.79 $0.00 $404.78 $72,483.22
109 $72,483.22 $488.79 $0.00 $409.83 $73,381.84
110 $73,381.84 $488.79 $0.00 $414.91 $74,285.54
111 $74,285.54 $488.79 $0.00 $420.02 $75,194.35
112 $75,194.35 $488.79 $0.00 $425.16 $76,108.30
113 $76,108.30 $488.79 $0.00 $430.33 $77,027.42
114 $77,027.42 $488.79 $0.00 $435.52 $77,951.73
115 $77,951.73 $488.79 $0.00 $440.75 $78,881.27
116 $78,881.27 $488.79 $0.00 $446.01 $79,816.07
117 $79,816.07 $488.79 $0.00 $451.29 $80,756.15
118 $80,756.15 $488.79 $0.00 $456.61 $81,701.55
119 $81,701.55 $488.79 $0.00 $461.95 $82,652.29
120 $82,652.29 $488.79 $0.00 $467.33 $83,608.41
121 $83,608.41 $488.79 $0.00 $472.73 $84,569.93
122 $84,569.93 $488.79 $0.00 $478.17 $85,536.89
123 $85,536.89 $488.79 $0.00 $483.64 $86,509.32
124 $86,509.32 $488.79 $0.00 $489.14 $87,487.25
125 $87,487.25 $488.79 $0.00 $494.67 $88,470.71
126 $88,470.71 $488.79 $0.00 $500.23 $89,459.73
127 $89,459.73 $488.79 $0.00 $505.82 $90,454.34
128 $90,454.34 $488.79 $0.00 $511.44 $91,454.57
129 $91,454.57 $488.79 $0.00 $517.10 $92,460.46
130 $92,460.46 $488.79 $0.00 $522.78 $93,472.03
131 $93,472.03 $488.79 $0.00 $528.50 $94,489.32
132 $94,489.32 $488.79 $0.00 $534.26 $95,512.37
133 $95,512.37 $488.79 $0.00 $540.04 $96,541.20
134 $96,541.20 $488.79 $0.00 $545.86 $97,575.85
135 $97,575.85 $488.79 $0.00 $551.71 $98,616.35
136 $98,616.35 $488.79 $0.00 $557.59 $99,662.73
137 $99,662.73 $488.79 $0.00 $563.51 $100,715.03
138 $100,715.03 $488.79 $0.00 $569.46 $101,773.28
139 $101,773.28 $488.79 $0.00 $575.44 $102,837.51
140 $102,837.51 $488.79 $0.00 $581.46 $103,907.76
141 $103,907.76 $488.79 $0.00 $587.51 $104,984.06
142 $104,984.06 $488.79 $0.00 $593.60 $106,066.45
143 $106,066.45 $488.79 $0.00 $599.72 $107,154.96
144 $107,154.96 $488.79 $0.00 $605.87 $108,249.62
145 $108,249.62 $488.79 $0.00 $612.06 $109,350.47
146 $109,350.47 $488.79 $0.00 $618.28 $110,457.54
147 $110,457.54 $488.79 $0.00 $624.54 $111,570.87
148 $111,570.87 $488.79 $0.00 $630.84 $112,690.50
149 $112,690.50 $488.79 $0.00 $637.17 $113,816.46
150 $113,816.46 $488.79 $0.00 $643.53 $114,948.78
151 $114,948.78 $488.79 $0.00 $649.94 $116,087.51
152 $116,087.51 $488.79 $0.00 $656.38 $117,232.68
153 $117,232.68 $488.79 $0.00 $662.85 $118,384.32
154 $118,384.32 $488.79 $0.00 $669.36 $119,542.47
155 $119,542.47 $488.79 $0.00 $675.91 $120,707.17
156 $120,707.17 $488.79 $0.00 $682.50 $121,878.46
157 $121,878.46 $488.79 $0.00 $689.12 $123,056.37
158 $123,056.37 $488.79 $0.00 $695.78 $124,240.94
159 $124,240.94 $488.79 $0.00 $702.48 $125,432.21
160 $125,432.21 $488.79 $0.00 $709.21 $126,630.21
161 $126,630.21 $488.79 $0.00 $715.99 $127,834.99
162 $127,834.99 $488.79 $0.00 $722.80 $129,046.58
163 $129,046.58 $488.79 $0.00 $729.65 $130,265.02
164 $130,265.02 $488.79 $0.00 $736.54 $131,490.35
165 $131,490.35 $488.79 $0.00 $743.47 $132,722.61
166 $132,722.61 $488.79 $0.00 $750.43 $133,961.83
167 $133,961.83 $488.79 $0.00 $757.44 $135,208.06
168 $135,208.06 $488.79 $0.00 $764.49 $136,461.34
169 $136,461.34 $488.79 $0.00 $771.57 $137,721.70
170 $137,721.70 $488.79 $0.00 $778.70 $138,989.19
171 $138,989.19 $488.79 $0.00 $785.87 $140,263.85
172 $140,263.85 $488.79 $0.00 $793.07 $141,545.71
173 $141,545.71 $488.79 $0.00 $800.32 $142,834.82
174 $142,834.82 $488.79 $0.00 $807.61 $144,131.22
175 $144,131.22 $488.79 $0.00 $814.94 $145,434.95
176 $145,434.95 $488.79 $0.00 $822.31 $146,746.05
177 $146,746.05 $488.79 $0.00 $829.72 $148,064.56
178 $148,064.56 $488.79 $0.00 $837.18 $149,390.53
179 $149,390.53 $488.79 $0.00 $844.68 $150,724.00
180 $150,724.00 $488.79 $0.00 $852.22 $152,065.01
181 $152,065.01 $488.79 $0.00 $859.80 $153,413.60
182 $153,413.60 $488.79 $0.00 $867.42 $154,769.81
183 $154,769.81 $488.79 $0.00 $875.09 $156,133.69
184 $156,133.69 $488.79 $0.00 $882.80 $157,505.28
185 $157,505.28 $488.79 $0.00 $890.56 $158,884.63
186 $158,884.63 $488.79 $0.00 $898.36 $160,271.78
187 $160,271.78 $488.79 $0.00 $906.20 $161,666.77
188 $161,666.77 $488.79 $0.00 $914.09 $163,069.65
189 $163,069.65 $488.79 $0.00 $922.02 $164,480.46
190 $164,480.46 $488.79 $0.00 $930.00 $165,899.25
191 $165,899.25 $488.79 $0.00 $938.02 $167,326.06
192 $167,326.06 $488.79 $0.00 $946.09 $168,760.94
193 $168,760.94 $488.79 $0.00 $954.20 $170,203.93
194 $170,203.93 $488.79 $0.00 $962.36 $171,655.08
195 $171,655.08 $488.79 $0.00 $970.56 $173,114.43
196 $173,114.43 $488.79 $0.00 $978.81 $174,582.03
197 $174,582.03 $488.79 $0.00 $987.11 $176,057.93
198 $176,057.93 $488.79 $0.00 $995.46 $177,542.18
199 $177,542.18 $488.79 $0.00 $1,003.85 $179,034.82
200 $179,034.82 $488.79 $0.00 $1,012.29 $180,535.90
201 $180,535.90 $488.79 $0.00 $1,020.78 $182,045.47
202 $182,045.47 $488.79 $0.00 $1,029.31 $183,563.57
203 $183,563.57 $488.79 $0.00 $1,037.90 $185,090.26
204 $185,090.26 $488.79 $0.00 $1,046.53 $186,625.58
205 $186,625.58 $488.79 $0.00 $1,055.21 $188,169.58
206 $188,169.58 $488.79 $0.00 $1,063.94 $189,722.31
207 $189,722.31 $488.79 $0.00 $1,072.72 $191,283.82
208 $191,283.82 $488.79 $0.00 $1,081.55 $192,854.16
209 $192,854.16 $488.79 $0.00 $1,090.43 $194,433.38
210 $194,433.38 $488.79 $0.00 $1,099.35 $196,021.52
211 $196,021.52 $488.79 $0.00 $1,108.33 $197,618.64
212 $197,618.64 $488.79 $0.00 $1,117.36 $199,224.79
213 $199,224.79 $488.79 $0.00 $1,126.45 $200,840.03
214 $200,840.03 $488.79 $0.00 $1,135.58 $202,464.40
215 $202,464.40 $488.79 $0.00 $1,144.76 $204,097.95
216 $204,097.95 $488.79 $0.00 $1,154.00 $205,740.74
217 $205,740.74 $488.79 $57,306.42 $1,163.29 $150,086.40
218 $150,086.40 $488.79 $0.00 $848.61 $151,423.80
219 $151,423.80 $488.79 $0.00 $856.17 $152,768.76
220 $152,768.76 $488.79 $0.00 $863.78 $154,121.33
221 $154,121.33 $488.79 $0.00 $871.42 $155,481.54
222 $155,481.54 $488.79 $0.00 $879.12 $156,849.45
223 $156,849.45 $488.79 $0.00 $886.85 $158,225.09
224 $158,225.09 $488.79 $0.00 $894.63 $159,608.51
225 $159,608.51 $488.79 $0.00 $902.45 $160,999.75
226 $160,999.75 $488.79 $0.00 $910.32 $162,398.86
227 $162,398.86 $488.79 $0.00 $918.23 $163,805.88
228 $163,805.88 $488.79 $0.00 $926.18 $165,220.85
229 $165,220.85 $488.79 $60,171.74 $934.18 $106,472.08
230 $106,472.08 $488.79 $0.00 $602.01 $107,562.88
231 $107,562.88 $488.79 $0.00 $608.18 $108,659.85
232 $108,659.85 $488.79 $0.00 $614.38 $109,763.02
233 $109,763.02 $488.79 $0.00 $620.62 $110,872.43
234 $110,872.43 $488.79 $0.00 $626.89 $111,988.11
235 $111,988.11 $488.79 $0.00 $633.20 $113,110.10
236 $113,110.10 $488.79 $0.00 $639.54 $114,238.43
237 $114,238.43 $488.79 $0.00 $645.92 $115,373.14
238 $115,373.14 $488.79 $0.00 $652.34 $116,514.27
239 $116,514.27 $488.79 $0.00 $658.79 $117,661.85
240 $117,661.85 $488.79 $0.00 $665.28 $118,815.92
241 $118,815.92 $488.79 $63,180.32 $671.80 $56,796.19
242 $56,796.19 $488.79 $0.00 $321.13 $57,606.11
243 $57,606.11 $488.79 $0.00 $325.71 $58,420.61
244 $58,420.61 $488.79 $0.00 $330.32 $59,239.72
245 $59,239.72 $488.79 $0.00 $334.95 $60,063.46
246 $60,063.46 $488.79 $0.00 $339.61 $60,891.86
247 $60,891.86 $488.79 $0.00 $344.29 $61,724.94
248 $61,724.94 $488.79 $0.00 $349.00 $62,562.73
249 $62,562.73 $488.79 $0.00 $353.74 $63,405.26
250 $63,405.26 $488.79 $0.00 $358.50 $64,252.55
251 $64,252.55 $488.79 $0.00 $363.29 $65,104.63
252 $65,104.63 $488.79 $0.00 $368.11 $65,961.53
253 $65,961.53 $0.00 $66,339.34 $372.96 ($4.85)