Savings Plan and Future Cost Estimation for University of Southern Mississippi

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$64,208
Monthly savings required$508

How much will it cost to send your child to University of Southern Mississippi in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $256,831.26 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $508.25 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$24,760.00
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 $508.25 $0.00 $0.00 $508.25
2 $508.25 $508.25 $0.00 $2.87 $1,019.37
3 $1,019.37 $508.25 $0.00 $5.76 $1,533.38
4 $1,533.38 $508.25 $0.00 $8.67 $2,050.30
5 $2,050.30 $508.25 $0.00 $11.59 $2,570.14
6 $2,570.14 $508.25 $0.00 $14.53 $3,092.92
7 $3,092.92 $508.25 $0.00 $17.49 $3,618.66
8 $3,618.66 $508.25 $0.00 $20.46 $4,147.37
9 $4,147.37 $508.25 $0.00 $23.45 $4,679.07
10 $4,679.07 $508.25 $0.00 $26.46 $5,213.78
11 $5,213.78 $508.25 $0.00 $29.48 $5,751.51
12 $5,751.51 $508.25 $0.00 $32.52 $6,292.28
13 $6,292.28 $508.25 $0.00 $35.58 $6,836.11
14 $6,836.11 $508.25 $0.00 $38.65 $7,383.01
15 $7,383.01 $508.25 $0.00 $41.74 $7,933.00
16 $7,933.00 $508.25 $0.00 $44.85 $8,486.10
17 $8,486.10 $508.25 $0.00 $47.98 $9,042.33
18 $9,042.33 $508.25 $0.00 $51.13 $9,601.71
19 $9,601.71 $508.25 $0.00 $54.29 $10,164.25
20 $10,164.25 $508.25 $0.00 $57.47 $10,729.97
21 $10,729.97 $508.25 $0.00 $60.67 $11,298.89
22 $11,298.89 $508.25 $0.00 $63.89 $11,871.03
23 $11,871.03 $508.25 $0.00 $67.12 $12,446.40
24 $12,446.40 $508.25 $0.00 $70.37 $13,025.02
25 $13,025.02 $508.25 $0.00 $73.65 $13,606.92
26 $13,606.92 $508.25 $0.00 $76.94 $14,192.11
27 $14,192.11 $508.25 $0.00 $80.24 $14,780.60
28 $14,780.60 $508.25 $0.00 $83.57 $15,372.42
29 $15,372.42 $508.25 $0.00 $86.92 $15,967.59
30 $15,967.59 $508.25 $0.00 $90.28 $16,566.12
31 $16,566.12 $508.25 $0.00 $93.67 $17,168.04
32 $17,168.04 $508.25 $0.00 $97.07 $17,773.36
33 $17,773.36 $508.25 $0.00 $100.49 $18,382.10
34 $18,382.10 $508.25 $0.00 $103.94 $18,994.29
35 $18,994.29 $508.25 $0.00 $107.40 $19,609.94
36 $19,609.94 $508.25 $0.00 $110.88 $20,229.07
37 $20,229.07 $508.25 $0.00 $114.38 $20,851.70
38 $20,851.70 $508.25 $0.00 $117.90 $21,477.85
39 $21,477.85 $508.25 $0.00 $121.44 $22,107.54
40 $22,107.54 $508.25 $0.00 $125.00 $22,740.79
41 $22,740.79 $508.25 $0.00 $128.58 $23,377.62
42 $23,377.62 $508.25 $0.00 $132.18 $24,018.05
43 $24,018.05 $508.25 $0.00 $135.80 $24,662.10
44 $24,662.10 $508.25 $0.00 $139.44 $25,309.79
45 $25,309.79 $508.25 $0.00 $143.11 $25,961.15
46 $25,961.15 $508.25 $0.00 $146.79 $26,616.19
47 $26,616.19 $508.25 $0.00 $150.49 $27,274.93
48 $27,274.93 $508.25 $0.00 $154.22 $27,937.40
49 $27,937.40 $508.25 $0.00 $157.96 $28,603.61
50 $28,603.61 $508.25 $0.00 $161.73 $29,273.59
51 $29,273.59 $508.25 $0.00 $165.52 $29,947.36
52 $29,947.36 $508.25 $0.00 $169.33 $30,624.94
53 $30,624.94 $508.25 $0.00 $173.16 $31,306.35
54 $31,306.35 $508.25 $0.00 $177.01 $31,991.61
55 $31,991.61 $508.25 $0.00 $180.89 $32,680.75
56 $32,680.75 $508.25 $0.00 $184.78 $33,373.78
57 $33,373.78 $508.25 $0.00 $188.70 $34,070.73
58 $34,070.73 $508.25 $0.00 $192.64 $34,771.62
59 $34,771.62 $508.25 $0.00 $196.60 $35,476.47
60 $35,476.47 $508.25 $0.00 $200.59 $36,185.31
61 $36,185.31 $508.25 $0.00 $204.60 $36,898.16
62 $36,898.16 $508.25 $0.00 $208.63 $37,615.04
63 $37,615.04 $508.25 $0.00 $212.68 $38,335.97
64 $38,335.97 $508.25 $0.00 $216.76 $39,060.98
65 $39,060.98 $508.25 $0.00 $220.86 $39,790.09
66 $39,790.09 $508.25 $0.00 $224.98 $40,523.32
67 $40,523.32 $508.25 $0.00 $229.12 $41,260.69
68 $41,260.69 $508.25 $0.00 $233.29 $42,002.23
69 $42,002.23 $508.25 $0.00 $237.49 $42,747.97
70 $42,747.97 $508.25 $0.00 $241.70 $43,497.92
71 $43,497.92 $508.25 $0.00 $245.94 $44,252.11
72 $44,252.11 $508.25 $0.00 $250.21 $45,010.57
73 $45,010.57 $508.25 $0.00 $254.50 $45,773.32
74 $45,773.32 $508.25 $0.00 $258.81 $46,540.38
75 $46,540.38 $508.25 $0.00 $263.15 $47,311.78
76 $47,311.78 $508.25 $0.00 $267.51 $48,087.54
77 $48,087.54 $508.25 $0.00 $271.89 $48,867.68
78 $48,867.68 $508.25 $0.00 $276.30 $49,652.23
79 $49,652.23 $508.25 $0.00 $280.74 $50,441.22
80 $50,441.22 $508.25 $0.00 $285.20 $51,234.67
81 $51,234.67 $508.25 $0.00 $289.69 $52,032.61
82 $52,032.61 $508.25 $0.00 $294.20 $52,835.06
83 $52,835.06 $508.25 $0.00 $298.74 $53,642.05
84 $53,642.05 $508.25 $0.00 $303.30 $54,453.60
85 $54,453.60 $508.25 $0.00 $307.89 $55,269.74
86 $55,269.74 $508.25 $0.00 $312.50 $56,090.49
87 $56,090.49 $508.25 $0.00 $317.14 $56,915.88
88 $56,915.88 $508.25 $0.00 $321.81 $57,745.94
89 $57,745.94 $508.25 $0.00 $326.50 $58,580.69
90 $58,580.69 $508.25 $0.00 $331.22 $59,420.16
91 $59,420.16 $508.25 $0.00 $335.97 $60,264.38
92 $60,264.38 $508.25 $0.00 $340.74 $61,113.37
93 $61,113.37 $508.25 $0.00 $345.54 $61,967.16
94 $61,967.16 $508.25 $0.00 $350.37 $62,825.78
95 $62,825.78 $508.25 $0.00 $355.23 $63,689.26
96 $63,689.26 $508.25 $0.00 $360.11 $64,557.62
97 $64,557.62 $508.25 $0.00 $365.02 $65,430.89
98 $65,430.89 $508.25 $0.00 $369.96 $66,309.10
99 $66,309.10 $508.25 $0.00 $374.92 $67,192.27
100 $67,192.27 $508.25 $0.00 $379.91 $68,080.43
101 $68,080.43 $508.25 $0.00 $384.94 $68,973.62
102 $68,973.62 $508.25 $0.00 $389.99 $69,871.86
103 $69,871.86 $508.25 $0.00 $395.07 $70,775.18
104 $70,775.18 $508.25 $0.00 $400.17 $71,683.60
105 $71,683.60 $508.25 $0.00 $405.31 $72,597.16
106 $72,597.16 $508.25 $0.00 $410.47 $73,515.88
107 $73,515.88 $508.25 $0.00 $415.67 $74,439.80
108 $74,439.80 $508.25 $0.00 $420.89 $75,368.94
109 $75,368.94 $508.25 $0.00 $426.15 $76,303.34
110 $76,303.34 $508.25 $0.00 $431.43 $77,243.02
111 $77,243.02 $508.25 $0.00 $436.74 $78,188.01
112 $78,188.01 $508.25 $0.00 $442.09 $79,138.35
113 $79,138.35 $508.25 $0.00 $447.46 $80,094.06
114 $80,094.06 $508.25 $0.00 $452.86 $81,055.17
115 $81,055.17 $508.25 $0.00 $458.30 $82,021.72
116 $82,021.72 $508.25 $0.00 $463.76 $82,993.73
117 $82,993.73 $508.25 $0.00 $469.26 $83,971.24
118 $83,971.24 $508.25 $0.00 $474.79 $84,954.28
119 $84,954.28 $508.25 $0.00 $480.34 $85,942.87
120 $85,942.87 $508.25 $0.00 $485.93 $86,937.05
121 $86,937.05 $508.25 $0.00 $491.55 $87,936.85
122 $87,936.85 $508.25 $0.00 $497.21 $88,942.31
123 $88,942.31 $508.25 $0.00 $502.89 $89,953.45
124 $89,953.45 $508.25 $0.00 $508.61 $90,970.31
125 $90,970.31 $508.25 $0.00 $514.36 $91,992.92
126 $91,992.92 $508.25 $0.00 $520.14 $93,021.31
127 $93,021.31 $508.25 $0.00 $525.96 $94,055.52
128 $94,055.52 $508.25 $0.00 $531.80 $95,095.57
129 $95,095.57 $508.25 $0.00 $537.68 $96,141.50
130 $96,141.50 $508.25 $0.00 $543.60 $97,193.35
131 $97,193.35 $508.25 $0.00 $549.55 $98,251.15
132 $98,251.15 $508.25 $0.00 $555.53 $99,314.93
133 $99,314.93 $508.25 $0.00 $561.54 $100,384.72
134 $100,384.72 $508.25 $0.00 $567.59 $101,460.56
135 $101,460.56 $508.25 $0.00 $573.67 $102,542.48
136 $102,542.48 $508.25 $0.00 $579.79 $103,630.52
137 $103,630.52 $508.25 $0.00 $585.94 $104,724.71
138 $104,724.71 $508.25 $0.00 $592.13 $105,825.09
139 $105,825.09 $508.25 $0.00 $598.35 $106,931.69
140 $106,931.69 $508.25 $0.00 $604.61 $108,044.55
141 $108,044.55 $508.25 $0.00 $610.90 $109,163.70
142 $109,163.70 $508.25 $0.00 $617.23 $110,289.18
143 $110,289.18 $508.25 $0.00 $623.59 $111,421.02
144 $111,421.02 $508.25 $0.00 $629.99 $112,559.26
145 $112,559.26 $508.25 $0.00 $636.43 $113,703.94
146 $113,703.94 $508.25 $0.00 $642.90 $114,855.09
147 $114,855.09 $508.25 $0.00 $649.41 $116,012.75
148 $116,012.75 $508.25 $0.00 $655.95 $117,176.95
149 $117,176.95 $508.25 $0.00 $662.54 $118,347.74
150 $118,347.74 $508.25 $0.00 $669.16 $119,525.15
151 $119,525.15 $508.25 $0.00 $675.81 $120,709.21
152 $120,709.21 $508.25 $0.00 $682.51 $121,899.97
153 $121,899.97 $508.25 $0.00 $689.24 $123,097.46
154 $123,097.46 $508.25 $0.00 $696.01 $124,301.72
155 $124,301.72 $508.25 $0.00 $702.82 $125,512.79
156 $125,512.79 $508.25 $0.00 $709.67 $126,730.71
157 $126,730.71 $508.25 $0.00 $716.55 $127,955.51
158 $127,955.51 $508.25 $0.00 $723.48 $129,187.24
159 $129,187.24 $508.25 $0.00 $730.44 $130,425.93
160 $130,425.93 $508.25 $0.00 $737.45 $131,671.63
161 $131,671.63 $508.25 $0.00 $744.49 $132,924.37
162 $132,924.37 $508.25 $0.00 $751.57 $134,184.19
163 $134,184.19 $508.25 $0.00 $758.70 $135,451.14
164 $135,451.14 $508.25 $0.00 $765.86 $136,725.25
165 $136,725.25 $508.25 $0.00 $773.06 $138,006.56
166 $138,006.56 $508.25 $0.00 $780.31 $139,295.12
167 $139,295.12 $508.25 $0.00 $787.59 $140,590.96
168 $140,590.96 $508.25 $0.00 $794.92 $141,894.13
169 $141,894.13 $508.25 $0.00 $802.29 $143,204.67
170 $143,204.67 $508.25 $0.00 $809.70 $144,522.62
171 $144,522.62 $508.25 $0.00 $817.15 $145,848.02
172 $145,848.02 $508.25 $0.00 $824.65 $147,180.92
173 $147,180.92 $508.25 $0.00 $832.18 $148,521.35
174 $148,521.35 $508.25 $0.00 $839.76 $149,869.36
175 $149,869.36 $508.25 $0.00 $847.38 $151,224.99
176 $151,224.99 $508.25 $0.00 $855.05 $152,588.29
177 $152,588.29 $508.25 $0.00 $862.76 $153,959.30
178 $153,959.30 $508.25 $0.00 $870.51 $155,338.06
179 $155,338.06 $508.25 $0.00 $878.30 $156,724.61
180 $156,724.61 $508.25 $0.00 $886.14 $158,119.00
181 $158,119.00 $508.25 $0.00 $894.03 $159,521.28
182 $159,521.28 $508.25 $0.00 $901.96 $160,931.49
183 $160,931.49 $508.25 $0.00 $909.93 $162,349.67
184 $162,349.67 $508.25 $0.00 $917.95 $163,775.87
185 $163,775.87 $508.25 $0.00 $926.01 $165,210.13
186 $165,210.13 $508.25 $0.00 $934.12 $166,652.50
187 $166,652.50 $508.25 $0.00 $942.28 $168,103.03
188 $168,103.03 $508.25 $0.00 $950.48 $169,561.76
189 $169,561.76 $508.25 $0.00 $958.73 $171,028.74
190 $171,028.74 $508.25 $0.00 $967.02 $172,504.01
191 $172,504.01 $508.25 $0.00 $975.36 $173,987.62
192 $173,987.62 $508.25 $0.00 $983.75 $175,479.62
193 $175,479.62 $508.25 $0.00 $992.19 $176,980.06
194 $176,980.06 $508.25 $0.00 $1,000.67 $178,488.98
195 $178,488.98 $508.25 $0.00 $1,009.20 $180,006.43
196 $180,006.43 $508.25 $0.00 $1,017.78 $181,532.46
197 $181,532.46 $508.25 $0.00 $1,026.41 $183,067.12
198 $183,067.12 $508.25 $0.00 $1,035.09 $184,610.46
199 $184,610.46 $508.25 $0.00 $1,043.81 $186,162.52
200 $186,162.52 $508.25 $0.00 $1,052.59 $187,723.36
201 $187,723.36 $508.25 $0.00 $1,061.42 $189,293.03
202 $189,293.03 $508.25 $0.00 $1,070.29 $190,871.57
203 $190,871.57 $508.25 $0.00 $1,079.22 $192,459.04
204 $192,459.04 $508.25 $0.00 $1,088.19 $194,055.48
205 $194,055.48 $508.25 $0.00 $1,097.22 $195,660.95
206 $195,660.95 $508.25 $0.00 $1,106.30 $197,275.50
207 $197,275.50 $508.25 $0.00 $1,115.42 $198,899.17
208 $198,899.17 $508.25 $0.00 $1,124.60 $200,532.02
209 $200,532.02 $508.25 $0.00 $1,133.84 $202,174.11
210 $202,174.11 $508.25 $0.00 $1,143.12 $203,825.48
211 $203,825.48 $508.25 $0.00 $1,152.46 $205,486.19
212 $205,486.19 $508.25 $0.00 $1,161.85 $207,156.29
213 $207,156.29 $508.25 $0.00 $1,171.29 $208,835.83
214 $208,835.83 $508.25 $0.00 $1,180.79 $210,524.87
215 $210,524.87 $508.25 $0.00 $1,190.34 $212,223.46
216 $212,223.46 $508.25 $0.00 $1,199.94 $213,931.65
217 $213,931.65 $508.25 $59,587.89 $1,209.60 $156,061.61
218 $156,061.61 $508.25 $0.00 $882.40 $157,452.26
219 $157,452.26 $508.25 $0.00 $890.26 $158,850.77
220 $158,850.77 $508.25 $0.00 $898.17 $160,257.19
221 $160,257.19 $508.25 $0.00 $906.12 $161,671.56
222 $161,671.56 $508.25 $0.00 $914.11 $163,093.92
223 $163,093.92 $508.25 $0.00 $922.16 $164,524.33
224 $164,524.33 $508.25 $0.00 $930.24 $165,962.82
225 $165,962.82 $508.25 $0.00 $938.38 $167,409.45
226 $167,409.45 $508.25 $0.00 $946.56 $168,864.26
227 $168,864.26 $508.25 $0.00 $954.78 $170,327.29
228 $170,327.29 $508.25 $0.00 $963.06 $171,798.60
229 $171,798.60 $508.25 $62,567.29 $971.37 $110,710.93
230 $110,710.93 $508.25 $0.00 $625.98 $111,845.16
231 $111,845.16 $508.25 $0.00 $632.39 $112,985.80
232 $112,985.80 $508.25 $0.00 $638.84 $114,132.89
233 $114,132.89 $508.25 $0.00 $645.32 $115,286.46
234 $115,286.46 $508.25 $0.00 $651.85 $116,446.56
235 $116,446.56 $508.25 $0.00 $658.41 $117,613.22
236 $117,613.22 $508.25 $0.00 $665.00 $118,786.47
237 $118,786.47 $508.25 $0.00 $671.64 $119,966.36
238 $119,966.36 $508.25 $0.00 $678.31 $121,152.92
239 $121,152.92 $508.25 $0.00 $685.02 $122,346.19
240 $122,346.19 $508.25 $0.00 $691.76 $123,546.20
241 $123,546.20 $508.25 $65,695.65 $698.55 $59,057.35
242 $59,057.35 $508.25 $0.00 $333.92 $59,899.52
243 $59,899.52 $508.25 $0.00 $338.68 $60,746.45
244 $60,746.45 $508.25 $0.00 $343.47 $61,598.17
245 $61,598.17 $508.25 $0.00 $348.29 $62,454.71
246 $62,454.71 $508.25 $0.00 $353.13 $63,316.09
247 $63,316.09 $508.25 $0.00 $358.00 $64,182.34
248 $64,182.34 $508.25 $0.00 $362.90 $65,053.49
249 $65,053.49 $508.25 $0.00 $367.82 $65,929.56
250 $65,929.56 $508.25 $0.00 $372.78 $66,810.59
251 $66,810.59 $508.25 $0.00 $377.76 $67,696.60
252 $67,696.60 $508.25 $0.00 $382.77 $68,587.62
253 $68,587.62 $0.00 $68,980.43 $387.80 ($5.01)