Savings Plan and Future Cost Estimation for Missouri University of Science and Technology

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$61,944
Monthly savings required$490

How much will it cost to send your child to Missouri University of Science and Technology in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $247,775.78 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $490.34 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$23,887.00
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 $490.34 $0.00 $0.00 $490.34
2 $490.34 $490.34 $0.00 $2.77 $983.45
3 $983.45 $490.34 $0.00 $5.56 $1,479.35
4 $1,479.35 $490.34 $0.00 $8.36 $1,978.05
5 $1,978.05 $490.34 $0.00 $11.18 $2,479.57
6 $2,479.57 $490.34 $0.00 $14.02 $2,983.93
7 $2,983.93 $490.34 $0.00 $16.87 $3,491.14
8 $3,491.14 $490.34 $0.00 $19.74 $4,001.22
9 $4,001.22 $490.34 $0.00 $22.62 $4,514.18
10 $4,514.18 $490.34 $0.00 $25.52 $5,030.04
11 $5,030.04 $490.34 $0.00 $28.44 $5,548.82
12 $5,548.82 $490.34 $0.00 $31.37 $6,070.53
13 $6,070.53 $490.34 $0.00 $34.32 $6,595.19
14 $6,595.19 $490.34 $0.00 $37.29 $7,122.82
15 $7,122.82 $490.34 $0.00 $40.27 $7,653.43
16 $7,653.43 $490.34 $0.00 $43.27 $8,187.04
17 $8,187.04 $490.34 $0.00 $46.29 $8,723.67
18 $8,723.67 $490.34 $0.00 $49.32 $9,263.33
19 $9,263.33 $490.34 $0.00 $52.38 $9,806.05
20 $9,806.05 $490.34 $0.00 $55.44 $10,351.83
21 $10,351.83 $490.34 $0.00 $58.53 $10,900.70
22 $10,900.70 $490.34 $0.00 $61.63 $11,452.67
23 $11,452.67 $490.34 $0.00 $64.76 $12,007.77
24 $12,007.77 $490.34 $0.00 $67.89 $12,566.00
25 $12,566.00 $490.34 $0.00 $71.05 $13,127.39
26 $13,127.39 $490.34 $0.00 $74.22 $13,691.95
27 $13,691.95 $490.34 $0.00 $77.42 $14,259.71
28 $14,259.71 $490.34 $0.00 $80.63 $14,830.68
29 $14,830.68 $490.34 $0.00 $83.85 $15,404.87
30 $15,404.87 $490.34 $0.00 $87.10 $15,982.31
31 $15,982.31 $490.34 $0.00 $90.37 $16,563.02
32 $16,563.02 $490.34 $0.00 $93.65 $17,147.01
33 $17,147.01 $490.34 $0.00 $96.95 $17,734.30
34 $17,734.30 $490.34 $0.00 $100.27 $18,324.91
35 $18,324.91 $490.34 $0.00 $103.61 $18,918.86
36 $18,918.86 $490.34 $0.00 $106.97 $19,516.17
37 $19,516.17 $490.34 $0.00 $110.35 $20,116.86
38 $20,116.86 $490.34 $0.00 $113.74 $20,720.94
39 $20,720.94 $490.34 $0.00 $117.16 $21,328.44
40 $21,328.44 $490.34 $0.00 $120.59 $21,939.37
41 $21,939.37 $490.34 $0.00 $124.05 $22,553.76
42 $22,553.76 $490.34 $0.00 $127.52 $23,171.62
43 $23,171.62 $490.34 $0.00 $131.02 $23,792.98
44 $23,792.98 $490.34 $0.00 $134.53 $24,417.85
45 $24,417.85 $490.34 $0.00 $138.06 $25,046.25
46 $25,046.25 $490.34 $0.00 $141.62 $25,678.21
47 $25,678.21 $490.34 $0.00 $145.19 $26,313.74
48 $26,313.74 $490.34 $0.00 $148.78 $26,952.86
49 $26,952.86 $490.34 $0.00 $152.40 $27,595.60
50 $27,595.60 $490.34 $0.00 $156.03 $28,241.97
51 $28,241.97 $490.34 $0.00 $159.68 $28,891.99
52 $28,891.99 $490.34 $0.00 $163.36 $29,545.69
53 $29,545.69 $490.34 $0.00 $167.06 $30,203.09
54 $30,203.09 $490.34 $0.00 $170.77 $30,864.20
55 $30,864.20 $490.34 $0.00 $174.51 $31,529.05
56 $31,529.05 $490.34 $0.00 $178.27 $32,197.66
57 $32,197.66 $490.34 $0.00 $182.05 $32,870.05
58 $32,870.05 $490.34 $0.00 $185.85 $33,546.24
59 $33,546.24 $490.34 $0.00 $189.68 $34,226.26
60 $34,226.26 $490.34 $0.00 $193.52 $34,910.12
61 $34,910.12 $490.34 $0.00 $197.39 $35,597.85
62 $35,597.85 $490.34 $0.00 $201.28 $36,289.47
63 $36,289.47 $490.34 $0.00 $205.19 $36,985.00
64 $36,985.00 $490.34 $0.00 $209.12 $37,684.46
65 $37,684.46 $490.34 $0.00 $213.07 $38,387.87
66 $38,387.87 $490.34 $0.00 $217.05 $39,095.26
67 $39,095.26 $490.34 $0.00 $221.05 $39,806.65
68 $39,806.65 $490.34 $0.00 $225.07 $40,522.06
69 $40,522.06 $490.34 $0.00 $229.12 $41,241.52
70 $41,241.52 $490.34 $0.00 $233.19 $41,965.05
71 $41,965.05 $490.34 $0.00 $237.28 $42,692.67
72 $42,692.67 $490.34 $0.00 $241.39 $43,424.40
73 $43,424.40 $490.34 $0.00 $245.53 $44,160.27
74 $44,160.27 $490.34 $0.00 $249.69 $44,900.30
75 $44,900.30 $490.34 $0.00 $253.87 $45,644.51
76 $45,644.51 $490.34 $0.00 $258.08 $46,392.93
77 $46,392.93 $490.34 $0.00 $262.31 $47,145.58
78 $47,145.58 $490.34 $0.00 $266.57 $47,902.49
79 $47,902.49 $490.34 $0.00 $270.85 $48,663.68
80 $48,663.68 $490.34 $0.00 $275.15 $49,429.17
81 $49,429.17 $490.34 $0.00 $279.48 $50,198.99
82 $50,198.99 $490.34 $0.00 $283.83 $50,973.16
83 $50,973.16 $490.34 $0.00 $288.21 $51,751.71
84 $51,751.71 $490.34 $0.00 $292.61 $52,534.66
85 $52,534.66 $490.34 $0.00 $297.04 $53,322.04
86 $53,322.04 $490.34 $0.00 $301.49 $54,113.87
87 $54,113.87 $490.34 $0.00 $305.97 $54,910.18
88 $54,910.18 $490.34 $0.00 $310.47 $55,710.99
89 $55,710.99 $490.34 $0.00 $315.00 $56,516.33
90 $56,516.33 $490.34 $0.00 $319.55 $57,326.22
91 $57,326.22 $490.34 $0.00 $324.13 $58,140.69
92 $58,140.69 $490.34 $0.00 $328.74 $58,959.77
93 $58,959.77 $490.34 $0.00 $333.37 $59,783.48
94 $59,783.48 $490.34 $0.00 $338.02 $60,611.84
95 $60,611.84 $490.34 $0.00 $342.71 $61,444.89
96 $61,444.89 $490.34 $0.00 $347.42 $62,282.65
97 $62,282.65 $490.34 $0.00 $352.16 $63,125.15
98 $63,125.15 $490.34 $0.00 $356.92 $63,972.41
99 $63,972.41 $490.34 $0.00 $361.71 $64,824.46
100 $64,824.46 $490.34 $0.00 $366.53 $65,681.33
101 $65,681.33 $490.34 $0.00 $371.37 $66,543.04
102 $66,543.04 $490.34 $0.00 $376.24 $67,409.62
103 $67,409.62 $490.34 $0.00 $381.14 $68,281.10
104 $68,281.10 $490.34 $0.00 $386.07 $69,157.51
105 $69,157.51 $490.34 $0.00 $391.03 $70,038.88
106 $70,038.88 $490.34 $0.00 $396.01 $70,925.23
107 $70,925.23 $490.34 $0.00 $401.02 $71,816.59
108 $71,816.59 $490.34 $0.00 $406.06 $72,712.99
109 $72,712.99 $490.34 $0.00 $411.13 $73,614.46
110 $73,614.46 $490.34 $0.00 $416.23 $74,521.03
111 $74,521.03 $490.34 $0.00 $421.35 $75,432.72
112 $75,432.72 $490.34 $0.00 $426.51 $76,349.57
113 $76,349.57 $490.34 $0.00 $431.69 $77,271.60
114 $77,271.60 $490.34 $0.00 $436.90 $78,198.84
115 $78,198.84 $490.34 $0.00 $442.15 $79,131.33
116 $79,131.33 $490.34 $0.00 $447.42 $80,069.09
117 $80,069.09 $490.34 $0.00 $452.72 $81,012.15
118 $81,012.15 $490.34 $0.00 $458.05 $81,960.54
119 $81,960.54 $490.34 $0.00 $463.42 $82,914.30
120 $82,914.30 $490.34 $0.00 $468.81 $83,873.45
121 $83,873.45 $490.34 $0.00 $474.23 $84,838.02
122 $84,838.02 $490.34 $0.00 $479.69 $85,808.05
123 $85,808.05 $490.34 $0.00 $485.17 $86,783.56
124 $86,783.56 $490.34 $0.00 $490.69 $87,764.59
125 $87,764.59 $490.34 $0.00 $496.23 $88,751.16
126 $88,751.16 $490.34 $0.00 $501.81 $89,743.31
127 $89,743.31 $490.34 $0.00 $507.42 $90,741.07
128 $90,741.07 $490.34 $0.00 $513.06 $91,744.47
129 $91,744.47 $490.34 $0.00 $518.74 $92,753.55
130 $92,753.55 $490.34 $0.00 $524.44 $93,768.33
131 $93,768.33 $490.34 $0.00 $530.18 $94,788.85
132 $94,788.85 $490.34 $0.00 $535.95 $95,815.14
133 $95,815.14 $490.34 $0.00 $541.75 $96,847.23
134 $96,847.23 $490.34 $0.00 $547.59 $97,885.16
135 $97,885.16 $490.34 $0.00 $553.46 $98,928.96
136 $98,928.96 $490.34 $0.00 $559.36 $99,978.66
137 $99,978.66 $490.34 $0.00 $565.29 $101,034.29
138 $101,034.29 $490.34 $0.00 $571.26 $102,095.89
139 $102,095.89 $490.34 $0.00 $577.27 $103,163.50
140 $103,163.50 $490.34 $0.00 $583.30 $104,237.14
141 $104,237.14 $490.34 $0.00 $589.37 $105,316.85
142 $105,316.85 $490.34 $0.00 $595.48 $106,402.67
143 $106,402.67 $490.34 $0.00 $601.62 $107,494.63
144 $107,494.63 $490.34 $0.00 $607.79 $108,592.76
145 $108,592.76 $490.34 $0.00 $614.00 $109,697.10
146 $109,697.10 $490.34 $0.00 $620.24 $110,807.68
147 $110,807.68 $490.34 $0.00 $626.52 $111,924.54
148 $111,924.54 $490.34 $0.00 $632.84 $113,047.72
149 $113,047.72 $490.34 $0.00 $639.19 $114,177.25
150 $114,177.25 $490.34 $0.00 $645.57 $115,313.16
151 $115,313.16 $490.34 $0.00 $652.00 $116,455.50
152 $116,455.50 $490.34 $0.00 $658.46 $117,604.30
153 $117,604.30 $490.34 $0.00 $664.95 $118,759.59
154 $118,759.59 $490.34 $0.00 $671.48 $119,921.41
155 $119,921.41 $490.34 $0.00 $678.05 $121,089.80
156 $121,089.80 $490.34 $0.00 $684.66 $122,264.80
157 $122,264.80 $490.34 $0.00 $691.30 $123,446.44
158 $123,446.44 $490.34 $0.00 $697.98 $124,634.76
159 $124,634.76 $490.34 $0.00 $704.70 $125,829.80
160 $125,829.80 $490.34 $0.00 $711.46 $127,031.60
161 $127,031.60 $490.34 $0.00 $718.26 $128,240.20
162 $128,240.20 $490.34 $0.00 $725.09 $129,455.63
163 $129,455.63 $490.34 $0.00 $731.96 $130,677.93
164 $130,677.93 $490.34 $0.00 $738.87 $131,907.14
165 $131,907.14 $490.34 $0.00 $745.82 $133,143.30
166 $133,143.30 $490.34 $0.00 $752.81 $134,386.45
167 $134,386.45 $490.34 $0.00 $759.84 $135,636.63
168 $135,636.63 $490.34 $0.00 $766.91 $136,893.88
169 $136,893.88 $490.34 $0.00 $774.02 $138,158.24
170 $138,158.24 $490.34 $0.00 $781.17 $139,429.75
171 $139,429.75 $490.34 $0.00 $788.36 $140,708.45
172 $140,708.45 $490.34 $0.00 $795.59 $141,994.38
173 $141,994.38 $490.34 $0.00 $802.86 $143,287.58
174 $143,287.58 $490.34 $0.00 $810.17 $144,588.09
175 $144,588.09 $490.34 $0.00 $817.52 $145,895.95
176 $145,895.95 $490.34 $0.00 $824.92 $147,211.21
177 $147,211.21 $490.34 $0.00 $832.35 $148,533.90
178 $148,533.90 $490.34 $0.00 $839.83 $149,864.07
179 $149,864.07 $490.34 $0.00 $847.35 $151,201.76
180 $151,201.76 $490.34 $0.00 $854.92 $152,547.02
181 $152,547.02 $490.34 $0.00 $862.52 $153,899.88
182 $153,899.88 $490.34 $0.00 $870.17 $155,260.39
183 $155,260.39 $490.34 $0.00 $877.86 $156,628.59
184 $156,628.59 $490.34 $0.00 $885.60 $158,004.53
185 $158,004.53 $490.34 $0.00 $893.38 $159,388.25
186 $159,388.25 $490.34 $0.00 $901.20 $160,779.79
187 $160,779.79 $490.34 $0.00 $909.07 $162,179.20
188 $162,179.20 $490.34 $0.00 $916.98 $163,586.52
189 $163,586.52 $490.34 $0.00 $924.94 $165,001.80
190 $165,001.80 $490.34 $0.00 $932.94 $166,425.08
191 $166,425.08 $490.34 $0.00 $940.99 $167,856.41
192 $167,856.41 $490.34 $0.00 $949.08 $169,295.83
193 $169,295.83 $490.34 $0.00 $957.22 $170,743.39
194 $170,743.39 $490.34 $0.00 $965.41 $172,199.14
195 $172,199.14 $490.34 $0.00 $973.64 $173,663.12
196 $173,663.12 $490.34 $0.00 $981.92 $175,135.38
197 $175,135.38 $490.34 $0.00 $990.24 $176,615.96
198 $176,615.96 $490.34 $0.00 $998.61 $178,104.91
199 $178,104.91 $490.34 $0.00 $1,007.03 $179,602.28
200 $179,602.28 $490.34 $0.00 $1,015.50 $181,108.12
201 $181,108.12 $490.34 $0.00 $1,024.01 $182,622.47
202 $182,622.47 $490.34 $0.00 $1,032.57 $184,145.38
203 $184,145.38 $490.34 $0.00 $1,041.18 $185,676.90
204 $185,676.90 $490.34 $0.00 $1,049.84 $187,217.08
205 $187,217.08 $490.34 $0.00 $1,058.55 $188,765.97
206 $188,765.97 $490.34 $0.00 $1,067.31 $190,323.62
207 $190,323.62 $490.34 $0.00 $1,076.12 $191,890.08
208 $191,890.08 $490.34 $0.00 $1,084.97 $193,465.39
209 $193,465.39 $490.34 $0.00 $1,093.88 $195,049.61
210 $195,049.61 $490.34 $0.00 $1,102.84 $196,642.79
211 $196,642.79 $490.34 $0.00 $1,111.85 $198,244.98
212 $198,244.98 $490.34 $0.00 $1,120.91 $199,856.23
213 $199,856.23 $490.34 $0.00 $1,130.02 $201,476.59
214 $201,476.59 $490.34 $0.00 $1,139.18 $203,106.11
215 $203,106.11 $490.34 $0.00 $1,148.39 $204,744.84
216 $204,744.84 $490.34 $0.00 $1,157.66 $206,392.84
217 $206,392.84 $490.34 $57,486.91 $1,166.98 $150,563.25
218 $150,563.25 $490.34 $0.00 $851.31 $151,904.90
219 $151,904.90 $490.34 $0.00 $858.89 $153,254.13
220 $153,254.13 $490.34 $0.00 $866.52 $154,610.99
221 $154,610.99 $490.34 $0.00 $874.19 $155,975.52
222 $155,975.52 $490.34 $0.00 $881.91 $157,347.77
223 $157,347.77 $490.34 $0.00 $889.67 $158,727.78
224 $158,727.78 $490.34 $0.00 $897.47 $160,115.59
225 $160,115.59 $490.34 $0.00 $905.32 $161,511.25
226 $161,511.25 $490.34 $0.00 $913.21 $162,914.80
227 $162,914.80 $490.34 $0.00 $921.14 $164,326.28
228 $164,326.28 $490.34 $0.00 $929.12 $165,745.74
229 $165,745.74 $490.34 $60,361.26 $937.15 $106,811.97
230 $106,811.97 $490.34 $0.00 $603.93 $107,906.24
231 $107,906.24 $490.34 $0.00 $610.12 $109,006.70
232 $109,006.70 $490.34 $0.00 $616.34 $110,113.38
233 $110,113.38 $490.34 $0.00 $622.60 $111,226.32
234 $111,226.32 $490.34 $0.00 $628.89 $112,345.55
235 $112,345.55 $490.34 $0.00 $635.22 $113,471.11
236 $113,471.11 $490.34 $0.00 $641.58 $114,603.03
237 $114,603.03 $490.34 $0.00 $647.98 $115,741.35
238 $115,741.35 $490.34 $0.00 $654.42 $116,886.11
239 $116,886.11 $490.34 $0.00 $660.89 $118,037.34
240 $118,037.34 $490.34 $0.00 $667.40 $119,195.08
241 $119,195.08 $490.34 $63,379.32 $673.95 $56,980.05
242 $56,980.05 $490.34 $0.00 $322.17 $57,792.56
243 $57,792.56 $490.34 $0.00 $326.77 $58,609.67
244 $58,609.67 $490.34 $0.00 $331.39 $59,431.40
245 $59,431.40 $490.34 $0.00 $336.03 $60,257.77
246 $60,257.77 $490.34 $0.00 $340.71 $61,088.82
247 $61,088.82 $490.34 $0.00 $345.41 $61,924.57
248 $61,924.57 $490.34 $0.00 $350.13 $62,765.04
249 $62,765.04 $490.34 $0.00 $354.88 $63,610.26
250 $63,610.26 $490.34 $0.00 $359.66 $64,460.26
251 $64,460.26 $490.34 $0.00 $364.47 $65,315.07
252 $65,315.07 $490.34 $0.00 $369.30 $66,174.71
253 $66,174.71 $0.00 $66,548.29 $374.16 $0.58