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 2042$89,080
Monthly savings required$704

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 $356,319.24 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $704.02 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$23,744.00
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 $704.02 $0.00 $0.00 $704.02
2 $704.02 $704.02 $0.00 $3.98 $1,412.02
3 $1,412.02 $704.02 $0.00 $7.98 $2,124.02
4 $2,124.02 $704.02 $0.00 $12.01 $2,840.05
5 $2,840.05 $704.02 $0.00 $16.06 $3,560.13
6 $3,560.13 $704.02 $0.00 $20.13 $4,284.28
7 $4,284.28 $704.02 $0.00 $24.22 $5,012.52
8 $5,012.52 $704.02 $0.00 $28.34 $5,744.88
9 $5,744.88 $704.02 $0.00 $32.48 $6,481.38
10 $6,481.38 $704.02 $0.00 $36.65 $7,222.05
11 $7,222.05 $704.02 $0.00 $40.83 $7,966.90
12 $7,966.90 $704.02 $0.00 $45.05 $8,715.97
13 $8,715.97 $704.02 $0.00 $49.28 $9,469.27
14 $9,469.27 $704.02 $0.00 $53.54 $10,226.83
15 $10,226.83 $704.02 $0.00 $57.82 $10,988.67
16 $10,988.67 $704.02 $0.00 $62.13 $11,754.82
17 $11,754.82 $704.02 $0.00 $66.46 $12,525.30
18 $12,525.30 $704.02 $0.00 $70.82 $13,300.14
19 $13,300.14 $704.02 $0.00 $75.20 $14,079.36
20 $14,079.36 $704.02 $0.00 $79.61 $14,862.99
21 $14,862.99 $704.02 $0.00 $84.04 $15,651.05
22 $15,651.05 $704.02 $0.00 $88.49 $16,443.56
23 $16,443.56 $704.02 $0.00 $92.97 $17,240.55
24 $17,240.55 $704.02 $0.00 $97.48 $18,042.05
25 $18,042.05 $704.02 $0.00 $102.01 $18,848.08
26 $18,848.08 $704.02 $0.00 $106.57 $19,658.67
27 $19,658.67 $704.02 $0.00 $111.15 $20,473.84
28 $20,473.84 $704.02 $0.00 $115.76 $21,293.62
29 $21,293.62 $704.02 $0.00 $120.40 $22,118.04
30 $22,118.04 $704.02 $0.00 $125.06 $22,947.12
31 $22,947.12 $704.02 $0.00 $129.75 $23,780.89
32 $23,780.89 $704.02 $0.00 $134.46 $24,619.37
33 $24,619.37 $704.02 $0.00 $139.20 $25,462.59
34 $25,462.59 $704.02 $0.00 $143.97 $26,310.58
35 $26,310.58 $704.02 $0.00 $148.76 $27,163.36
36 $27,163.36 $704.02 $0.00 $153.59 $28,020.97
37 $28,020.97 $704.02 $0.00 $158.43 $28,883.42
38 $28,883.42 $704.02 $0.00 $163.31 $29,750.75
39 $29,750.75 $704.02 $0.00 $168.22 $30,622.99
40 $30,622.99 $704.02 $0.00 $173.15 $31,500.16
41 $31,500.16 $704.02 $0.00 $178.11 $32,382.29
42 $32,382.29 $704.02 $0.00 $183.09 $33,269.40
43 $33,269.40 $704.02 $0.00 $188.11 $34,161.53
44 $34,161.53 $704.02 $0.00 $193.15 $35,058.70
45 $35,058.70 $704.02 $0.00 $198.23 $35,960.95
46 $35,960.95 $704.02 $0.00 $203.33 $36,868.30
47 $36,868.30 $704.02 $0.00 $208.46 $37,780.78
48 $37,780.78 $704.02 $0.00 $213.62 $38,698.42
49 $38,698.42 $704.02 $0.00 $218.81 $39,621.25
50 $39,621.25 $704.02 $0.00 $224.02 $40,549.29
51 $40,549.29 $704.02 $0.00 $229.27 $41,482.58
52 $41,482.58 $704.02 $0.00 $234.55 $42,421.15
53 $42,421.15 $704.02 $0.00 $239.86 $43,365.03
54 $43,365.03 $704.02 $0.00 $245.19 $44,314.24
55 $44,314.24 $704.02 $0.00 $250.56 $45,268.82
56 $45,268.82 $704.02 $0.00 $255.96 $46,228.80
57 $46,228.80 $704.02 $0.00 $261.38 $47,194.20
58 $47,194.20 $704.02 $0.00 $266.84 $48,165.06
59 $48,165.06 $704.02 $0.00 $272.33 $49,141.41
60 $49,141.41 $704.02 $0.00 $277.85 $50,123.28
61 $50,123.28 $704.02 $0.00 $283.40 $51,110.70
62 $51,110.70 $704.02 $0.00 $288.99 $52,103.71
63 $52,103.71 $704.02 $0.00 $294.60 $53,102.33
64 $53,102.33 $704.02 $0.00 $300.25 $54,106.60
65 $54,106.60 $704.02 $0.00 $305.93 $55,116.55
66 $55,116.55 $704.02 $0.00 $311.64 $56,132.21
67 $56,132.21 $704.02 $0.00 $317.38 $57,153.61
68 $57,153.61 $704.02 $0.00 $323.15 $58,180.78
69 $58,180.78 $704.02 $0.00 $328.96 $59,213.76
70 $59,213.76 $704.02 $0.00 $334.80 $60,252.58
71 $60,252.58 $704.02 $0.00 $340.68 $61,297.28
72 $61,297.28 $704.02 $0.00 $346.58 $62,347.88
73 $62,347.88 $704.02 $0.00 $352.52 $63,404.42
74 $63,404.42 $704.02 $0.00 $358.50 $64,466.94
75 $64,466.94 $704.02 $0.00 $364.51 $65,535.47
76 $65,535.47 $704.02 $0.00 $370.55 $66,610.04
77 $66,610.04 $704.02 $0.00 $376.62 $67,690.68
78 $67,690.68 $704.02 $0.00 $382.73 $68,777.43
79 $68,777.43 $704.02 $0.00 $388.88 $69,870.33
80 $69,870.33 $704.02 $0.00 $395.06 $70,969.41
81 $70,969.41 $704.02 $0.00 $401.27 $72,074.70
82 $72,074.70 $704.02 $0.00 $407.52 $73,186.24
83 $73,186.24 $704.02 $0.00 $413.81 $74,304.07
84 $74,304.07 $704.02 $0.00 $420.13 $75,428.22
85 $75,428.22 $704.02 $0.00 $426.48 $76,558.72
86 $76,558.72 $704.02 $0.00 $432.87 $77,695.61
87 $77,695.61 $704.02 $0.00 $439.30 $78,838.93
88 $78,838.93 $704.02 $0.00 $445.77 $79,988.72
89 $79,988.72 $704.02 $0.00 $452.27 $81,145.01
90 $81,145.01 $704.02 $0.00 $458.81 $82,307.84
91 $82,307.84 $704.02 $0.00 $465.38 $83,477.24
92 $83,477.24 $704.02 $0.00 $471.99 $84,653.25
93 $84,653.25 $704.02 $0.00 $478.64 $85,835.91
94 $85,835.91 $704.02 $0.00 $485.33 $87,025.26
95 $87,025.26 $704.02 $0.00 $492.05 $88,221.33
96 $88,221.33 $704.02 $0.00 $498.82 $89,424.17
97 $89,424.17 $704.02 $0.00 $505.62 $90,633.81
98 $90,633.81 $704.02 $0.00 $512.46 $91,850.29
99 $91,850.29 $704.02 $0.00 $519.33 $93,073.64
100 $93,073.64 $704.02 $0.00 $526.25 $94,303.91
101 $94,303.91 $704.02 $0.00 $533.21 $95,541.14
102 $95,541.14 $704.02 $0.00 $540.20 $96,785.36
103 $96,785.36 $704.02 $0.00 $547.24 $98,036.62
104 $98,036.62 $704.02 $0.00 $554.31 $99,294.95
105 $99,294.95 $704.02 $0.00 $561.43 $100,560.40
106 $100,560.40 $704.02 $0.00 $568.58 $101,833.00
107 $101,833.00 $704.02 $0.00 $575.78 $103,112.80
108 $103,112.80 $704.02 $0.00 $583.01 $104,399.83
109 $104,399.83 $704.02 $0.00 $590.29 $105,694.14
110 $105,694.14 $704.02 $0.00 $597.61 $106,995.77
111 $106,995.77 $704.02 $0.00 $604.97 $108,304.76
112 $108,304.76 $704.02 $0.00 $612.37 $109,621.15
113 $109,621.15 $704.02 $0.00 $619.81 $110,944.98
114 $110,944.98 $704.02 $0.00 $627.30 $112,276.30
115 $112,276.30 $704.02 $0.00 $634.83 $113,615.15
116 $113,615.15 $704.02 $0.00 $642.40 $114,961.57
117 $114,961.57 $704.02 $0.00 $650.01 $116,315.60
118 $116,315.60 $704.02 $0.00 $657.67 $117,677.29
119 $117,677.29 $704.02 $0.00 $665.36 $119,046.67
120 $119,046.67 $704.02 $0.00 $673.11 $120,423.80
121 $120,423.80 $704.02 $0.00 $680.89 $121,808.71
122 $121,808.71 $704.02 $0.00 $688.72 $123,201.45
123 $123,201.45 $704.02 $0.00 $696.60 $124,602.07
124 $124,602.07 $704.02 $0.00 $704.52 $126,010.61
125 $126,010.61 $704.02 $0.00 $712.48 $127,427.11
126 $127,427.11 $704.02 $0.00 $720.49 $128,851.62
127 $128,851.62 $704.02 $0.00 $728.55 $130,284.19
128 $130,284.19 $704.02 $0.00 $736.65 $131,724.86
129 $131,724.86 $704.02 $0.00 $744.79 $133,173.67
130 $133,173.67 $704.02 $0.00 $752.98 $134,630.67
131 $134,630.67 $704.02 $0.00 $761.22 $136,095.91
132 $136,095.91 $704.02 $0.00 $769.51 $137,569.44
133 $137,569.44 $704.02 $0.00 $777.84 $139,051.30
134 $139,051.30 $704.02 $0.00 $786.22 $140,541.54
135 $140,541.54 $704.02 $0.00 $794.64 $142,040.20
136 $142,040.20 $704.02 $0.00 $803.12 $143,547.34
137 $143,547.34 $704.02 $0.00 $811.64 $145,063.00
138 $145,063.00 $704.02 $0.00 $820.21 $146,587.23
139 $146,587.23 $704.02 $0.00 $828.83 $148,120.08
140 $148,120.08 $704.02 $0.00 $837.49 $149,661.59
141 $149,661.59 $704.02 $0.00 $846.21 $151,211.82
142 $151,211.82 $704.02 $0.00 $854.97 $152,770.81
143 $152,770.81 $704.02 $0.00 $863.79 $154,338.62
144 $154,338.62 $704.02 $0.00 $872.65 $155,915.29
145 $155,915.29 $704.02 $0.00 $881.57 $157,500.88
146 $157,500.88 $704.02 $0.00 $890.53 $159,095.43
147 $159,095.43 $704.02 $0.00 $899.55 $160,699.00
148 $160,699.00 $704.02 $0.00 $908.62 $162,311.64
149 $162,311.64 $704.02 $0.00 $917.73 $163,933.39
150 $163,933.39 $704.02 $0.00 $926.90 $165,564.31
151 $165,564.31 $704.02 $0.00 $936.12 $167,204.45
152 $167,204.45 $704.02 $0.00 $945.40 $168,853.87
153 $168,853.87 $704.02 $0.00 $954.72 $170,512.61
154 $170,512.61 $704.02 $0.00 $964.10 $172,180.73
155 $172,180.73 $704.02 $0.00 $973.53 $173,858.28
156 $173,858.28 $704.02 $0.00 $983.02 $175,545.32
157 $175,545.32 $704.02 $0.00 $992.56 $177,241.90
158 $177,241.90 $704.02 $0.00 $1,002.15 $178,948.07
159 $178,948.07 $704.02 $0.00 $1,011.80 $180,663.89
160 $180,663.89 $704.02 $0.00 $1,021.50 $182,389.41
161 $182,389.41 $704.02 $0.00 $1,031.26 $184,124.69
162 $184,124.69 $704.02 $0.00 $1,041.07 $185,869.78
163 $185,869.78 $704.02 $0.00 $1,050.93 $187,624.73
164 $187,624.73 $704.02 $0.00 $1,060.86 $189,389.61
165 $189,389.61 $704.02 $0.00 $1,070.84 $191,164.47
166 $191,164.47 $704.02 $0.00 $1,080.87 $192,949.36
167 $192,949.36 $704.02 $0.00 $1,090.96 $194,744.34
168 $194,744.34 $704.02 $0.00 $1,101.11 $196,549.47
169 $196,549.47 $704.02 $0.00 $1,111.32 $198,364.81
170 $198,364.81 $704.02 $0.00 $1,121.58 $200,190.41
171 $200,190.41 $704.02 $0.00 $1,131.91 $202,026.34
172 $202,026.34 $704.02 $0.00 $1,142.29 $203,872.65
173 $203,872.65 $704.02 $0.00 $1,152.73 $205,729.40
174 $205,729.40 $704.02 $0.00 $1,163.22 $207,596.64
175 $207,596.64 $704.02 $0.00 $1,173.78 $209,474.44
176 $209,474.44 $704.02 $0.00 $1,184.40 $211,362.86
177 $211,362.86 $704.02 $0.00 $1,195.08 $213,261.96
178 $213,261.96 $704.02 $0.00 $1,205.81 $215,171.79
179 $215,171.79 $704.02 $0.00 $1,216.61 $217,092.42
180 $217,092.42 $704.02 $0.00 $1,227.47 $219,023.91
181 $219,023.91 $704.02 $0.00 $1,238.39 $220,966.32
182 $220,966.32 $704.02 $0.00 $1,249.38 $222,919.72
183 $222,919.72 $704.02 $0.00 $1,260.42 $224,884.16
184 $224,884.16 $704.02 $0.00 $1,271.53 $226,859.71
185 $226,859.71 $704.02 $0.00 $1,282.70 $228,846.43
186 $228,846.43 $704.02 $0.00 $1,293.93 $230,844.38
187 $230,844.38 $704.02 $0.00 $1,305.23 $232,853.63
188 $232,853.63 $704.02 $0.00 $1,316.59 $234,874.24
189 $234,874.24 $704.02 $0.00 $1,328.01 $236,906.27
190 $236,906.27 $704.02 $0.00 $1,339.50 $238,949.79
191 $238,949.79 $704.02 $0.00 $1,351.06 $241,004.87
192 $241,004.87 $704.02 $0.00 $1,362.68 $243,071.57
193 $243,071.57 $704.02 $0.00 $1,374.36 $245,149.95
194 $245,149.95 $704.02 $0.00 $1,386.11 $247,240.08
195 $247,240.08 $704.02 $0.00 $1,397.93 $249,342.03
196 $249,342.03 $704.02 $0.00 $1,409.82 $251,455.87
197 $251,455.87 $704.02 $0.00 $1,421.77 $253,581.66
198 $253,581.66 $704.02 $0.00 $1,433.79 $255,719.47
199 $255,719.47 $704.02 $0.00 $1,445.88 $257,869.37
200 $257,869.37 $704.02 $0.00 $1,458.03 $260,031.42
201 $260,031.42 $704.02 $0.00 $1,470.26 $262,205.70
202 $262,205.70 $704.02 $0.00 $1,482.55 $264,392.27
203 $264,392.27 $704.02 $0.00 $1,494.91 $266,591.20
204 $266,591.20 $704.02 $0.00 $1,507.35 $268,802.57
205 $268,802.57 $704.02 $0.00 $1,519.85 $271,026.44
206 $271,026.44 $704.02 $0.00 $1,532.42 $273,262.88
207 $273,262.88 $704.02 $0.00 $1,545.07 $275,511.97
208 $275,511.97 $704.02 $0.00 $1,557.78 $277,773.77
209 $277,773.77 $704.02 $0.00 $1,570.57 $280,048.36
210 $280,048.36 $704.02 $0.00 $1,583.43 $282,335.81
211 $282,335.81 $704.02 $0.00 $1,596.37 $284,636.20
212 $284,636.20 $704.02 $0.00 $1,609.37 $286,949.59
213 $286,949.59 $704.02 $0.00 $1,622.45 $289,276.06
214 $289,276.06 $704.02 $0.00 $1,635.61 $291,615.69
215 $291,615.69 $704.02 $0.00 $1,648.84 $293,968.55
216 $293,968.55 $704.02 $0.00 $1,662.14 $296,334.71
217 $296,334.71 $704.02 $80,253.11 $1,675.52 $218,461.14
218 $218,461.14 $704.02 $0.00 $1,235.21 $220,400.37
219 $220,400.37 $704.02 $0.00 $1,246.18 $222,350.57
220 $222,350.57 $704.02 $0.00 $1,257.20 $224,311.79
221 $224,311.79 $704.02 $0.00 $1,268.29 $226,284.10
222 $226,284.10 $704.02 $0.00 $1,279.44 $228,267.56
223 $228,267.56 $704.02 $0.00 $1,290.66 $230,262.24
224 $230,262.24 $704.02 $0.00 $1,301.94 $232,268.20
225 $232,268.20 $704.02 $0.00 $1,313.28 $234,285.50
226 $234,285.50 $704.02 $0.00 $1,324.68 $236,314.20
227 $236,314.20 $704.02 $0.00 $1,336.15 $238,354.37
228 $238,354.37 $704.02 $0.00 $1,347.69 $240,406.08
229 $240,406.08 $704.02 $85,870.83 $1,359.29 $156,598.56
230 $156,598.56 $704.02 $0.00 $885.43 $158,188.01
231 $158,188.01 $704.02 $0.00 $894.42 $159,786.45
232 $159,786.45 $704.02 $0.00 $903.46 $161,393.93
233 $161,393.93 $704.02 $0.00 $912.54 $163,010.49
234 $163,010.49 $704.02 $0.00 $921.69 $164,636.20
235 $164,636.20 $704.02 $0.00 $930.88 $166,271.10
236 $166,271.10 $704.02 $0.00 $940.12 $167,915.24
237 $167,915.24 $704.02 $0.00 $949.42 $169,568.68
238 $169,568.68 $704.02 $0.00 $958.77 $171,231.47
239 $171,231.47 $704.02 $0.00 $968.17 $172,903.66
240 $172,903.66 $704.02 $0.00 $977.62 $174,585.30
241 $174,585.30 $704.02 $91,881.79 $987.13 $84,394.66
242 $84,394.66 $704.02 $0.00 $477.18 $85,575.86
243 $85,575.86 $704.02 $0.00 $483.86 $86,763.74
244 $86,763.74 $704.02 $0.00 $490.57 $87,958.33
245 $87,958.33 $704.02 $0.00 $497.33 $89,159.68
246 $89,159.68 $704.02 $0.00 $504.12 $90,367.82
247 $90,367.82 $704.02 $0.00 $510.95 $91,582.79
248 $91,582.79 $704.02 $0.00 $517.82 $92,804.63
249 $92,804.63 $704.02 $0.00 $524.73 $94,033.38
250 $94,033.38 $704.02 $0.00 $531.68 $95,269.08
251 $95,269.08 $704.02 $0.00 $538.67 $96,511.77
252 $96,511.77 $704.02 $0.00 $545.69 $97,761.48
253 $97,761.48 $0.00 $98,313.51 $552.76 $0.73