Savings Plan and Future Cost Estimation for University of Missouri Columbia

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$74,303
Monthly savings required$588

How much will it cost to send your child to University of Missouri Columbia in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $297,212.69 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $588.17 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$28,653.00
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 $588.17 $0.00 $0.00 $588.17
2 $588.17 $588.17 $0.00 $3.33 $1,179.67
3 $1,179.67 $588.17 $0.00 $6.67 $1,774.51
4 $1,774.51 $588.17 $0.00 $10.03 $2,372.71
5 $2,372.71 $588.17 $0.00 $13.42 $2,974.30
6 $2,974.30 $588.17 $0.00 $16.82 $3,579.29
7 $3,579.29 $588.17 $0.00 $20.24 $4,187.70
8 $4,187.70 $588.17 $0.00 $23.68 $4,799.55
9 $4,799.55 $588.17 $0.00 $27.14 $5,414.86
10 $5,414.86 $588.17 $0.00 $30.62 $6,033.65
11 $6,033.65 $588.17 $0.00 $34.12 $6,655.94
12 $6,655.94 $588.17 $0.00 $37.63 $7,281.74
13 $7,281.74 $588.17 $0.00 $41.17 $7,911.08
14 $7,911.08 $588.17 $0.00 $44.73 $8,543.98
15 $8,543.98 $588.17 $0.00 $48.31 $9,180.46
16 $9,180.46 $588.17 $0.00 $51.91 $9,820.54
17 $9,820.54 $588.17 $0.00 $55.53 $10,464.24
18 $10,464.24 $588.17 $0.00 $59.17 $11,111.58
19 $11,111.58 $588.17 $0.00 $62.83 $11,762.58
20 $11,762.58 $588.17 $0.00 $66.51 $12,417.26
21 $12,417.26 $588.17 $0.00 $70.21 $13,075.64
22 $13,075.64 $588.17 $0.00 $73.93 $13,737.74
23 $13,737.74 $588.17 $0.00 $77.68 $14,403.59
24 $14,403.59 $588.17 $0.00 $81.44 $15,073.20
25 $15,073.20 $588.17 $0.00 $85.23 $15,746.60
26 $15,746.60 $588.17 $0.00 $89.03 $16,423.80
27 $16,423.80 $588.17 $0.00 $92.86 $17,104.83
28 $17,104.83 $588.17 $0.00 $96.71 $17,789.71
29 $17,789.71 $588.17 $0.00 $100.59 $18,478.47
30 $18,478.47 $588.17 $0.00 $104.48 $19,171.12
31 $19,171.12 $588.17 $0.00 $108.40 $19,867.69
32 $19,867.69 $588.17 $0.00 $112.33 $20,568.19
33 $20,568.19 $588.17 $0.00 $116.30 $21,272.66
34 $21,272.66 $588.17 $0.00 $120.28 $21,981.11
35 $21,981.11 $588.17 $0.00 $124.28 $22,693.56
36 $22,693.56 $588.17 $0.00 $128.31 $23,410.04
37 $23,410.04 $588.17 $0.00 $132.36 $24,130.57
38 $24,130.57 $588.17 $0.00 $136.44 $24,855.18
39 $24,855.18 $588.17 $0.00 $140.53 $25,583.88
40 $25,583.88 $588.17 $0.00 $144.65 $26,316.70
41 $26,316.70 $588.17 $0.00 $148.80 $27,053.67
42 $27,053.67 $588.17 $0.00 $152.97 $27,794.81
43 $27,794.81 $588.17 $0.00 $157.16 $28,540.14
44 $28,540.14 $588.17 $0.00 $161.37 $29,289.68
45 $29,289.68 $588.17 $0.00 $165.61 $30,043.46
46 $30,043.46 $588.17 $0.00 $169.87 $30,801.50
47 $30,801.50 $588.17 $0.00 $174.16 $31,563.83
48 $31,563.83 $588.17 $0.00 $178.47 $32,330.47
49 $32,330.47 $588.17 $0.00 $182.80 $33,101.44
50 $33,101.44 $588.17 $0.00 $187.16 $33,876.77
51 $33,876.77 $588.17 $0.00 $191.54 $34,656.48
52 $34,656.48 $588.17 $0.00 $195.95 $35,440.60
53 $35,440.60 $588.17 $0.00 $200.39 $36,229.16
54 $36,229.16 $588.17 $0.00 $204.84 $37,022.17
55 $37,022.17 $588.17 $0.00 $209.33 $37,819.67
56 $37,819.67 $588.17 $0.00 $213.84 $38,621.68
57 $38,621.68 $588.17 $0.00 $218.37 $39,428.22
58 $39,428.22 $588.17 $0.00 $222.93 $40,239.32
59 $40,239.32 $588.17 $0.00 $227.52 $41,055.01
60 $41,055.01 $588.17 $0.00 $232.13 $41,875.31
61 $41,875.31 $588.17 $0.00 $236.77 $42,700.25
62 $42,700.25 $588.17 $0.00 $241.43 $43,529.85
63 $43,529.85 $588.17 $0.00 $246.12 $44,364.14
64 $44,364.14 $588.17 $0.00 $250.84 $45,203.15
65 $45,203.15 $588.17 $0.00 $255.59 $46,046.91
66 $46,046.91 $588.17 $0.00 $260.36 $46,895.44
67 $46,895.44 $588.17 $0.00 $265.15 $47,748.76
68 $47,748.76 $588.17 $0.00 $269.98 $48,606.91
69 $48,606.91 $588.17 $0.00 $274.83 $49,469.91
70 $49,469.91 $588.17 $0.00 $279.71 $50,337.79
71 $50,337.79 $588.17 $0.00 $284.62 $51,210.58
72 $51,210.58 $588.17 $0.00 $289.55 $52,088.30
73 $52,088.30 $588.17 $0.00 $294.51 $52,970.98
74 $52,970.98 $588.17 $0.00 $299.51 $53,858.66
75 $53,858.66 $588.17 $0.00 $304.52 $54,751.35
76 $54,751.35 $588.17 $0.00 $309.57 $55,649.09
77 $55,649.09 $588.17 $0.00 $314.65 $56,551.91
78 $56,551.91 $588.17 $0.00 $319.75 $57,459.83
79 $57,459.83 $588.17 $0.00 $324.89 $58,372.89
80 $58,372.89 $588.17 $0.00 $330.05 $59,291.11
81 $59,291.11 $588.17 $0.00 $335.24 $60,214.52
82 $60,214.52 $588.17 $0.00 $340.46 $61,143.15
83 $61,143.15 $588.17 $0.00 $345.71 $62,077.03
84 $62,077.03 $588.17 $0.00 $350.99 $63,016.19
85 $63,016.19 $588.17 $0.00 $356.30 $63,960.66
86 $63,960.66 $588.17 $0.00 $361.64 $64,910.47
87 $64,910.47 $588.17 $0.00 $367.01 $65,865.65
88 $65,865.65 $588.17 $0.00 $372.41 $66,826.23
89 $66,826.23 $588.17 $0.00 $377.85 $67,792.25
90 $67,792.25 $588.17 $0.00 $383.31 $68,763.73
91 $68,763.73 $588.17 $0.00 $388.80 $69,740.70
92 $69,740.70 $588.17 $0.00 $394.32 $70,723.19
93 $70,723.19 $588.17 $0.00 $399.88 $71,711.24
94 $71,711.24 $588.17 $0.00 $405.47 $72,704.88
95 $72,704.88 $588.17 $0.00 $411.08 $73,704.13
96 $73,704.13 $588.17 $0.00 $416.73 $74,709.03
97 $74,709.03 $588.17 $0.00 $422.42 $75,719.62
98 $75,719.62 $588.17 $0.00 $428.13 $76,735.92
99 $76,735.92 $588.17 $0.00 $433.88 $77,757.97
100 $77,757.97 $588.17 $0.00 $439.65 $78,785.79
101 $78,785.79 $588.17 $0.00 $445.47 $79,819.43
102 $79,819.43 $588.17 $0.00 $451.31 $80,858.91
103 $80,858.91 $588.17 $0.00 $457.19 $81,904.27
104 $81,904.27 $588.17 $0.00 $463.10 $82,955.54
105 $82,955.54 $588.17 $0.00 $469.04 $84,012.75
106 $84,012.75 $588.17 $0.00 $475.02 $85,075.94
107 $85,075.94 $588.17 $0.00 $481.03 $86,145.14
108 $86,145.14 $588.17 $0.00 $487.08 $87,220.39
109 $87,220.39 $588.17 $0.00 $493.16 $88,301.72
110 $88,301.72 $588.17 $0.00 $499.27 $89,389.16
111 $89,389.16 $588.17 $0.00 $505.42 $90,482.75
112 $90,482.75 $588.17 $0.00 $511.60 $91,582.52
113 $91,582.52 $588.17 $0.00 $517.82 $92,688.51
114 $92,688.51 $588.17 $0.00 $524.07 $93,800.75
115 $93,800.75 $588.17 $0.00 $530.36 $94,919.28
116 $94,919.28 $588.17 $0.00 $536.69 $96,044.14
117 $96,044.14 $588.17 $0.00 $543.05 $97,175.36
118 $97,175.36 $588.17 $0.00 $549.44 $98,312.97
119 $98,312.97 $588.17 $0.00 $555.88 $99,457.02
120 $99,457.02 $588.17 $0.00 $562.34 $100,607.53
121 $100,607.53 $588.17 $0.00 $568.85 $101,764.55
122 $101,764.55 $588.17 $0.00 $575.39 $102,928.11
123 $102,928.11 $588.17 $0.00 $581.97 $104,098.25
124 $104,098.25 $588.17 $0.00 $588.59 $105,275.01
125 $105,275.01 $588.17 $0.00 $595.24 $106,458.42
126 $106,458.42 $588.17 $0.00 $601.93 $107,648.52
127 $107,648.52 $588.17 $0.00 $608.66 $108,845.35
128 $108,845.35 $588.17 $0.00 $615.43 $110,048.95
129 $110,048.95 $588.17 $0.00 $622.23 $111,259.35
130 $111,259.35 $588.17 $0.00 $629.08 $112,476.60
131 $112,476.60 $588.17 $0.00 $635.96 $113,700.73
132 $113,700.73 $588.17 $0.00 $642.88 $114,931.78
133 $114,931.78 $588.17 $0.00 $649.84 $116,169.79
134 $116,169.79 $588.17 $0.00 $656.84 $117,414.80
135 $117,414.80 $588.17 $0.00 $663.88 $118,666.85
136 $118,666.85 $588.17 $0.00 $670.96 $119,925.98
137 $119,925.98 $588.17 $0.00 $678.08 $121,192.23
138 $121,192.23 $588.17 $0.00 $685.24 $122,465.64
139 $122,465.64 $588.17 $0.00 $692.44 $123,746.25
140 $123,746.25 $588.17 $0.00 $699.68 $125,034.10
141 $125,034.10 $588.17 $0.00 $706.96 $126,329.23
142 $126,329.23 $588.17 $0.00 $714.28 $127,631.68
143 $127,631.68 $588.17 $0.00 $721.65 $128,941.50
144 $128,941.50 $588.17 $0.00 $729.05 $130,258.72
145 $130,258.72 $588.17 $0.00 $736.50 $131,583.39
146 $131,583.39 $588.17 $0.00 $743.99 $132,915.55
147 $132,915.55 $588.17 $0.00 $751.52 $134,255.24
148 $134,255.24 $588.17 $0.00 $759.10 $135,602.51
149 $135,602.51 $588.17 $0.00 $766.72 $136,957.40
150 $136,957.40 $588.17 $0.00 $774.38 $138,319.95
151 $138,319.95 $588.17 $0.00 $782.08 $139,690.20
152 $139,690.20 $588.17 $0.00 $789.83 $141,068.20
153 $141,068.20 $588.17 $0.00 $797.62 $142,453.99
154 $142,453.99 $588.17 $0.00 $805.46 $143,847.62
155 $143,847.62 $588.17 $0.00 $813.34 $145,249.13
156 $145,249.13 $588.17 $0.00 $821.26 $146,658.56
157 $146,658.56 $588.17 $0.00 $829.23 $148,075.96
158 $148,075.96 $588.17 $0.00 $837.24 $149,501.37
159 $149,501.37 $588.17 $0.00 $845.30 $150,934.84
160 $150,934.84 $588.17 $0.00 $853.41 $152,376.42
161 $152,376.42 $588.17 $0.00 $861.56 $153,826.15
162 $153,826.15 $588.17 $0.00 $869.76 $155,284.08
163 $155,284.08 $588.17 $0.00 $878.00 $156,750.25
164 $156,750.25 $588.17 $0.00 $886.29 $158,224.71
165 $158,224.71 $588.17 $0.00 $894.63 $159,707.51
166 $159,707.51 $588.17 $0.00 $903.01 $161,198.69
167 $161,198.69 $588.17 $0.00 $911.44 $162,698.30
168 $162,698.30 $588.17 $0.00 $919.92 $164,206.39
169 $164,206.39 $588.17 $0.00 $928.45 $165,723.01
170 $165,723.01 $588.17 $0.00 $937.02 $167,248.20
171 $167,248.20 $588.17 $0.00 $945.65 $168,782.02
172 $168,782.02 $588.17 $0.00 $954.32 $170,324.51
173 $170,324.51 $588.17 $0.00 $963.04 $171,875.72
174 $171,875.72 $588.17 $0.00 $971.81 $173,435.70
175 $173,435.70 $588.17 $0.00 $980.63 $175,004.50
176 $175,004.50 $588.17 $0.00 $989.50 $176,582.17
177 $176,582.17 $588.17 $0.00 $998.42 $178,168.76
178 $178,168.76 $588.17 $0.00 $1,007.39 $179,764.32
179 $179,764.32 $588.17 $0.00 $1,016.41 $181,368.90
180 $181,368.90 $588.17 $0.00 $1,025.49 $182,982.56
181 $182,982.56 $588.17 $0.00 $1,034.61 $184,605.34
182 $184,605.34 $588.17 $0.00 $1,043.79 $186,237.30
183 $186,237.30 $588.17 $0.00 $1,053.01 $187,878.48
184 $187,878.48 $588.17 $0.00 $1,062.29 $189,528.94
185 $189,528.94 $588.17 $0.00 $1,071.62 $191,188.73
186 $191,188.73 $588.17 $0.00 $1,081.01 $192,857.91
187 $192,857.91 $588.17 $0.00 $1,090.45 $194,536.53
188 $194,536.53 $588.17 $0.00 $1,099.94 $196,224.64
189 $196,224.64 $588.17 $0.00 $1,109.48 $197,922.29
190 $197,922.29 $588.17 $0.00 $1,119.08 $199,629.54
191 $199,629.54 $588.17 $0.00 $1,128.73 $201,346.44
192 $201,346.44 $588.17 $0.00 $1,138.44 $203,073.05
193 $203,073.05 $588.17 $0.00 $1,148.20 $204,809.42
194 $204,809.42 $588.17 $0.00 $1,158.02 $206,555.61
195 $206,555.61 $588.17 $0.00 $1,167.90 $208,311.68
196 $208,311.68 $588.17 $0.00 $1,177.82 $210,077.67
197 $210,077.67 $588.17 $0.00 $1,187.81 $211,853.65
198 $211,853.65 $588.17 $0.00 $1,197.85 $213,639.67
199 $213,639.67 $588.17 $0.00 $1,207.95 $215,435.79
200 $215,435.79 $588.17 $0.00 $1,218.11 $217,242.07
201 $217,242.07 $588.17 $0.00 $1,228.32 $219,058.56
202 $219,058.56 $588.17 $0.00 $1,238.59 $220,885.32
203 $220,885.32 $588.17 $0.00 $1,248.92 $222,722.41
204 $222,722.41 $588.17 $0.00 $1,259.30 $224,569.88
205 $224,569.88 $588.17 $0.00 $1,269.75 $226,427.80
206 $226,427.80 $588.17 $0.00 $1,280.26 $228,296.23
207 $228,296.23 $588.17 $0.00 $1,290.82 $230,175.22
208 $230,175.22 $588.17 $0.00 $1,301.44 $232,064.83
209 $232,064.83 $588.17 $0.00 $1,312.13 $233,965.13
210 $233,965.13 $588.17 $0.00 $1,322.87 $235,876.17
211 $235,876.17 $588.17 $0.00 $1,333.68 $237,798.02
212 $237,798.02 $588.17 $0.00 $1,344.54 $239,730.73
213 $239,730.73 $588.17 $0.00 $1,355.47 $241,674.37
214 $241,674.37 $588.17 $0.00 $1,366.46 $243,629.00
215 $243,629.00 $588.17 $0.00 $1,377.51 $245,594.68
216 $245,594.68 $588.17 $0.00 $1,388.63 $247,571.48
217 $247,571.48 $588.17 $68,956.86 $1,399.81 $180,602.60
218 $180,602.60 $588.17 $0.00 $1,021.15 $182,211.92
219 $182,211.92 $588.17 $0.00 $1,030.25 $183,830.34
220 $183,830.34 $588.17 $0.00 $1,039.40 $185,457.91
221 $185,457.91 $588.17 $0.00 $1,048.61 $187,094.69
222 $187,094.69 $588.17 $0.00 $1,057.86 $188,740.72
223 $188,740.72 $588.17 $0.00 $1,067.17 $190,396.06
224 $190,396.06 $588.17 $0.00 $1,076.53 $192,060.76
225 $192,060.76 $588.17 $0.00 $1,085.94 $193,734.87
226 $193,734.87 $588.17 $0.00 $1,095.41 $195,418.45
227 $195,418.45 $588.17 $0.00 $1,104.92 $197,111.54
228 $197,111.54 $588.17 $0.00 $1,114.50 $198,814.21
229 $198,814.21 $588.17 $72,404.70 $1,124.12 $128,121.80
230 $128,121.80 $588.17 $0.00 $724.42 $129,434.39
231 $129,434.39 $588.17 $0.00 $731.84 $130,754.40
232 $130,754.40 $588.17 $0.00 $739.30 $132,081.87
233 $132,081.87 $588.17 $0.00 $746.81 $133,416.85
234 $133,416.85 $588.17 $0.00 $754.36 $134,759.38
235 $134,759.38 $588.17 $0.00 $761.95 $136,109.50
236 $136,109.50 $588.17 $0.00 $769.58 $137,467.25
237 $137,467.25 $588.17 $0.00 $777.26 $138,832.68
238 $138,832.68 $588.17 $0.00 $784.98 $140,205.83
239 $140,205.83 $588.17 $0.00 $792.74 $141,586.74
240 $141,586.74 $588.17 $0.00 $800.55 $142,975.46
241 $142,975.46 $588.17 $76,024.94 $808.40 $68,347.09
242 $68,347.09 $588.17 $0.00 $386.44 $69,321.70
243 $69,321.70 $588.17 $0.00 $391.95 $70,301.82
244 $70,301.82 $588.17 $0.00 $397.50 $71,287.49
245 $71,287.49 $588.17 $0.00 $403.07 $72,278.73
246 $72,278.73 $588.17 $0.00 $408.67 $73,275.57
247 $73,275.57 $588.17 $0.00 $414.31 $74,278.05
248 $74,278.05 $588.17 $0.00 $419.98 $75,286.20
249 $75,286.20 $588.17 $0.00 $425.68 $76,300.05
250 $76,300.05 $588.17 $0.00 $431.41 $77,319.63
251 $77,319.63 $588.17 $0.00 $437.18 $78,344.98
252 $78,344.98 $588.17 $0.00 $442.97 $79,376.12
253 $79,376.12 $0.00 $79,826.19 $448.80 ($1.27)