Savings Plan and Future Cost Estimation for University of Nevada Reno

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040	$68,077
Monthly savings required	$539

How much will it cost to send your child to University of Nevada Reno in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $272,307.53 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $538.89 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	$26,252.00
Years until enrollment	18
Annual Tuition Increase	5%
Current Savings	$0.00
After Tax Return on Savings	7%
Years of enrollment	4

Current Savings Shortfall

Planned Savings Balance

College Savings Schedule

Month	Begin	Deposit	Withdraw	Interest	End
1	$0.00	$538.89	$0.00	$0.00	$538.89
2	$538.89	$538.89	$0.00	$3.05	$1,080.83
3	$1,080.83	$538.89	$0.00	$6.11	$1,625.83
4	$1,625.83	$538.89	$0.00	$9.19	$2,173.91
5	$2,173.91	$538.89	$0.00	$12.29	$2,725.09
6	$2,725.09	$538.89	$0.00	$15.41	$3,279.39
7	$3,279.39	$538.89	$0.00	$18.54	$3,836.82
8	$3,836.82	$538.89	$0.00	$21.69	$4,397.40
9	$4,397.40	$538.89	$0.00	$24.86	$4,961.15
10	$4,961.15	$538.89	$0.00	$28.05	$5,528.09
11	$5,528.09	$538.89	$0.00	$31.26	$6,098.24
12	$6,098.24	$538.89	$0.00	$34.48	$6,671.61
13	$6,671.61	$538.89	$0.00	$37.72	$7,248.22
14	$7,248.22	$538.89	$0.00	$40.98	$7,828.09
15	$7,828.09	$538.89	$0.00	$44.26	$8,411.24
16	$8,411.24	$538.89	$0.00	$47.56	$8,997.69
17	$8,997.69	$538.89	$0.00	$50.87	$9,587.45
18	$9,587.45	$538.89	$0.00	$54.21	$10,180.55
19	$10,180.55	$538.89	$0.00	$57.56	$10,777.00
20	$10,777.00	$538.89	$0.00	$60.93	$11,376.82
21	$11,376.82	$538.89	$0.00	$64.33	$11,980.04
22	$11,980.04	$538.89	$0.00	$67.74	$12,586.67
23	$12,586.67	$538.89	$0.00	$71.17	$13,196.73
24	$13,196.73	$538.89	$0.00	$74.62	$13,810.24
25	$13,810.24	$538.89	$0.00	$78.09	$14,427.22
26	$14,427.22	$538.89	$0.00	$81.57	$15,047.68
27	$15,047.68	$538.89	$0.00	$85.08	$15,671.65
28	$15,671.65	$538.89	$0.00	$88.61	$16,299.15
29	$16,299.15	$538.89	$0.00	$92.16	$16,930.20
30	$16,930.20	$538.89	$0.00	$95.73	$17,564.82
31	$17,564.82	$538.89	$0.00	$99.31	$18,203.02
32	$18,203.02	$538.89	$0.00	$102.92	$18,844.83
33	$18,844.83	$538.89	$0.00	$106.55	$19,490.27
34	$19,490.27	$538.89	$0.00	$110.20	$20,139.36
35	$20,139.36	$538.89	$0.00	$113.87	$20,792.12
36	$20,792.12	$538.89	$0.00	$117.56	$21,448.57
37	$21,448.57	$538.89	$0.00	$121.27	$22,108.73
38	$22,108.73	$538.89	$0.00	$125.01	$22,772.63
39	$22,772.63	$538.89	$0.00	$128.76	$23,440.28
40	$23,440.28	$538.89	$0.00	$132.53	$24,111.70
41	$24,111.70	$538.89	$0.00	$136.33	$24,786.92
42	$24,786.92	$538.89	$0.00	$140.15	$25,465.96
43	$25,465.96	$538.89	$0.00	$143.99	$26,148.84
44	$26,148.84	$538.89	$0.00	$147.85	$26,835.58
45	$26,835.58	$538.89	$0.00	$151.73	$27,526.20
46	$27,526.20	$538.89	$0.00	$155.64	$28,220.73
47	$28,220.73	$538.89	$0.00	$159.56	$28,919.18
48	$28,919.18	$538.89	$0.00	$163.51	$29,621.58
49	$29,621.58	$538.89	$0.00	$167.48	$30,327.95
50	$30,327.95	$538.89	$0.00	$171.48	$31,038.32
51	$31,038.32	$538.89	$0.00	$175.50	$31,752.71
52	$31,752.71	$538.89	$0.00	$179.53	$32,471.13
53	$32,471.13	$538.89	$0.00	$183.60	$33,193.62
54	$33,193.62	$538.89	$0.00	$187.68	$33,920.19
55	$33,920.19	$538.89	$0.00	$191.79	$34,650.87
56	$34,650.87	$538.89	$0.00	$195.92	$35,385.68
57	$35,385.68	$538.89	$0.00	$200.08	$36,124.65
58	$36,124.65	$538.89	$0.00	$204.25	$36,867.79
59	$36,867.79	$538.89	$0.00	$208.46	$37,615.14
60	$37,615.14	$538.89	$0.00	$212.68	$38,366.71
61	$38,366.71	$538.89	$0.00	$216.93	$39,122.53
62	$39,122.53	$538.89	$0.00	$221.20	$39,882.62
63	$39,882.62	$538.89	$0.00	$225.50	$40,647.01
64	$40,647.01	$538.89	$0.00	$229.82	$41,415.72
65	$41,415.72	$538.89	$0.00	$234.17	$42,188.78
66	$42,188.78	$538.89	$0.00	$238.54	$42,966.21
67	$42,966.21	$538.89	$0.00	$242.94	$43,748.04
68	$43,748.04	$538.89	$0.00	$247.36	$44,534.29
69	$44,534.29	$538.89	$0.00	$251.80	$45,324.98
70	$45,324.98	$538.89	$0.00	$256.27	$46,120.14
71	$46,120.14	$538.89	$0.00	$260.77	$46,919.80
72	$46,919.80	$538.89	$0.00	$265.29	$47,723.98
73	$47,723.98	$538.89	$0.00	$269.84	$48,532.71
74	$48,532.71	$538.89	$0.00	$274.41	$49,346.01
75	$49,346.01	$538.89	$0.00	$279.01	$50,163.91
76	$50,163.91	$538.89	$0.00	$283.63	$50,986.43
77	$50,986.43	$538.89	$0.00	$288.28	$51,813.60
78	$51,813.60	$538.89	$0.00	$292.96	$52,645.45
79	$52,645.45	$538.89	$0.00	$297.67	$53,482.01
80	$53,482.01	$538.89	$0.00	$302.40	$54,323.30
81	$54,323.30	$538.89	$0.00	$307.15	$55,169.34
82	$55,169.34	$538.89	$0.00	$311.94	$56,020.17
83	$56,020.17	$538.89	$0.00	$316.75	$56,875.81
84	$56,875.81	$538.89	$0.00	$321.58	$57,736.28
85	$57,736.28	$538.89	$0.00	$326.45	$58,601.62
86	$58,601.62	$538.89	$0.00	$331.34	$59,471.85
87	$59,471.85	$538.89	$0.00	$336.26	$60,347.00
88	$60,347.00	$538.89	$0.00	$341.21	$61,227.10
89	$61,227.10	$538.89	$0.00	$346.19	$62,112.18
90	$62,112.18	$538.89	$0.00	$351.19	$63,002.26
91	$63,002.26	$538.89	$0.00	$356.22	$63,897.37
92	$63,897.37	$538.89	$0.00	$361.29	$64,797.55
93	$64,797.55	$538.89	$0.00	$366.37	$65,702.81
94	$65,702.81	$538.89	$0.00	$371.49	$66,613.19
95	$66,613.19	$538.89	$0.00	$376.64	$67,528.72
96	$67,528.72	$538.89	$0.00	$381.82	$68,449.43
97	$68,449.43	$538.89	$0.00	$387.02	$69,375.34
98	$69,375.34	$538.89	$0.00	$392.26	$70,306.49
99	$70,306.49	$538.89	$0.00	$397.52	$71,242.90
100	$71,242.90	$538.89	$0.00	$402.82	$72,184.61
101	$72,184.61	$538.89	$0.00	$408.14	$73,131.64
102	$73,131.64	$538.89	$0.00	$413.50	$74,084.03
103	$74,084.03	$538.89	$0.00	$418.88	$75,041.80
104	$75,041.80	$538.89	$0.00	$424.30	$76,004.99
105	$76,004.99	$538.89	$0.00	$429.74	$76,973.62
106	$76,973.62	$538.89	$0.00	$435.22	$77,947.73
107	$77,947.73	$538.89	$0.00	$440.73	$78,927.35
108	$78,927.35	$538.89	$0.00	$446.27	$79,912.51
109	$79,912.51	$538.89	$0.00	$451.84	$80,903.24
110	$80,903.24	$538.89	$0.00	$457.44	$81,899.57
111	$81,899.57	$538.89	$0.00	$463.07	$82,901.53
112	$82,901.53	$538.89	$0.00	$468.74	$83,909.16
113	$83,909.16	$538.89	$0.00	$474.43	$84,922.48
114	$84,922.48	$538.89	$0.00	$480.16	$85,941.53
115	$85,941.53	$538.89	$0.00	$485.93	$86,966.35
116	$86,966.35	$538.89	$0.00	$491.72	$87,996.96
117	$87,996.96	$538.89	$0.00	$497.55	$89,033.40
118	$89,033.40	$538.89	$0.00	$503.41	$90,075.70
119	$90,075.70	$538.89	$0.00	$509.30	$91,123.89
120	$91,123.89	$538.89	$0.00	$515.23	$92,178.01
121	$92,178.01	$538.89	$0.00	$521.19	$93,238.09
122	$93,238.09	$538.89	$0.00	$527.18	$94,304.16
123	$94,304.16	$538.89	$0.00	$533.21	$95,376.26
124	$95,376.26	$538.89	$0.00	$539.27	$96,454.42
125	$96,454.42	$538.89	$0.00	$545.37	$97,538.68
126	$97,538.68	$538.89	$0.00	$551.50	$98,629.07
127	$98,629.07	$538.89	$0.00	$557.66	$99,725.62
128	$99,725.62	$538.89	$0.00	$563.86	$100,828.37
129	$100,828.37	$538.89	$0.00	$570.10	$101,937.36
130	$101,937.36	$538.89	$0.00	$576.37	$103,052.62
131	$103,052.62	$538.89	$0.00	$582.67	$104,174.18
132	$104,174.18	$538.89	$0.00	$589.02	$105,302.09
133	$105,302.09	$538.89	$0.00	$595.39	$106,436.37
134	$106,436.37	$538.89	$0.00	$601.81	$107,577.07
135	$107,577.07	$538.89	$0.00	$608.26	$108,724.22
136	$108,724.22	$538.89	$0.00	$614.74	$109,877.85
137	$109,877.85	$538.89	$0.00	$621.27	$111,038.01
138	$111,038.01	$538.89	$0.00	$627.83	$112,204.73
139	$112,204.73	$538.89	$0.00	$634.42	$113,378.04
140	$113,378.04	$538.89	$0.00	$641.06	$114,557.99
141	$114,557.99	$538.89	$0.00	$647.73	$115,744.61
142	$115,744.61	$538.89	$0.00	$654.44	$116,937.94
143	$116,937.94	$538.89	$0.00	$661.18	$118,138.01
144	$118,138.01	$538.89	$0.00	$667.97	$119,344.87
145	$119,344.87	$538.89	$0.00	$674.79	$120,558.55
146	$120,558.55	$538.89	$0.00	$681.66	$121,779.10
147	$121,779.10	$538.89	$0.00	$688.56	$123,006.55
148	$123,006.55	$538.89	$0.00	$695.50	$124,240.94
149	$124,240.94	$538.89	$0.00	$702.48	$125,482.31
150	$125,482.31	$538.89	$0.00	$709.50	$126,730.70
151	$126,730.70	$538.89	$0.00	$716.55	$127,986.14
152	$127,986.14	$538.89	$0.00	$723.65	$129,248.68
153	$129,248.68	$538.89	$0.00	$730.79	$130,518.36
154	$130,518.36	$538.89	$0.00	$737.97	$131,795.22
155	$131,795.22	$538.89	$0.00	$745.19	$133,079.30
156	$133,079.30	$538.89	$0.00	$752.45	$134,370.64
157	$134,370.64	$538.89	$0.00	$759.75	$135,669.28
158	$135,669.28	$538.89	$0.00	$767.09	$136,975.26
159	$136,975.26	$538.89	$0.00	$774.48	$138,288.63
160	$138,288.63	$538.89	$0.00	$781.90	$139,609.42
161	$139,609.42	$538.89	$0.00	$789.37	$140,937.68
162	$140,937.68	$538.89	$0.00	$796.88	$142,273.45
163	$142,273.45	$538.89	$0.00	$804.43	$143,616.77
164	$143,616.77	$538.89	$0.00	$812.03	$144,967.69
165	$144,967.69	$538.89	$0.00	$819.67	$146,326.25
166	$146,326.25	$538.89	$0.00	$827.35	$147,692.49
167	$147,692.49	$538.89	$0.00	$835.07	$149,066.45
168	$149,066.45	$538.89	$0.00	$842.84	$150,448.18
169	$150,448.18	$538.89	$0.00	$850.66	$151,837.73
170	$151,837.73	$538.89	$0.00	$858.51	$153,235.13
171	$153,235.13	$538.89	$0.00	$866.41	$154,640.43
172	$154,640.43	$538.89	$0.00	$874.36	$156,053.68
173	$156,053.68	$538.89	$0.00	$882.35	$157,474.92
174	$157,474.92	$538.89	$0.00	$890.39	$158,904.20
175	$158,904.20	$538.89	$0.00	$898.47	$160,341.56
176	$160,341.56	$538.89	$0.00	$906.59	$161,787.04
177	$161,787.04	$538.89	$0.00	$914.77	$163,240.70
178	$163,240.70	$538.89	$0.00	$922.99	$164,702.58
179	$164,702.58	$538.89	$0.00	$931.25	$166,172.72
180	$166,172.72	$538.89	$0.00	$939.56	$167,651.17
181	$167,651.17	$538.89	$0.00	$947.92	$169,137.98
182	$169,137.98	$538.89	$0.00	$956.33	$170,633.20
183	$170,633.20	$538.89	$0.00	$964.78	$172,136.87
184	$172,136.87	$538.89	$0.00	$973.29	$173,649.05
185	$173,649.05	$538.89	$0.00	$981.84	$175,169.78
186	$175,169.78	$538.89	$0.00	$990.44	$176,699.11
187	$176,699.11	$538.89	$0.00	$999.08	$178,237.08
188	$178,237.08	$538.89	$0.00	$1,007.78	$179,783.75
189	$179,783.75	$538.89	$0.00	$1,016.52	$181,339.16
190	$181,339.16	$538.89	$0.00	$1,025.32	$182,903.37
191	$182,903.37	$538.89	$0.00	$1,034.16	$184,476.42
192	$184,476.42	$538.89	$0.00	$1,043.06	$186,058.37
193	$186,058.37	$538.89	$0.00	$1,052.00	$187,649.26
194	$187,649.26	$538.89	$0.00	$1,061.00	$189,249.15
195	$189,249.15	$538.89	$0.00	$1,070.04	$190,858.08
196	$190,858.08	$538.89	$0.00	$1,079.14	$192,476.11
197	$192,476.11	$538.89	$0.00	$1,088.29	$194,103.29
198	$194,103.29	$538.89	$0.00	$1,097.49	$195,739.67
199	$195,739.67	$538.89	$0.00	$1,106.74	$197,385.30
200	$197,385.30	$538.89	$0.00	$1,116.05	$199,040.24
201	$199,040.24	$538.89	$0.00	$1,125.40	$200,704.53
202	$200,704.53	$538.89	$0.00	$1,134.81	$202,378.23
203	$202,378.23	$538.89	$0.00	$1,144.28	$204,061.40
204	$204,061.40	$538.89	$0.00	$1,153.79	$205,754.08
205	$205,754.08	$538.89	$0.00	$1,163.36	$207,456.33
206	$207,456.33	$538.89	$0.00	$1,172.99	$209,168.21
207	$209,168.21	$538.89	$0.00	$1,182.67	$210,889.77
208	$210,889.77	$538.89	$0.00	$1,192.40	$212,621.06
209	$212,621.06	$538.89	$0.00	$1,202.19	$214,362.14
210	$214,362.14	$538.89	$0.00	$1,212.03	$216,113.06
211	$216,113.06	$538.89	$0.00	$1,221.93	$217,873.88
212	$217,873.88	$538.89	$0.00	$1,231.89	$219,644.66
213	$219,644.66	$538.89	$0.00	$1,241.90	$221,425.45
214	$221,425.45	$538.89	$0.00	$1,251.97	$223,216.31
215	$223,216.31	$538.89	$0.00	$1,262.10	$225,017.30
216	$225,017.30	$538.89	$0.00	$1,272.28	$226,828.47
217	$226,828.47	$538.89	$63,178.57	$1,282.52	$165,471.31
218	$165,471.31	$538.89	$0.00	$935.60	$166,945.80
219	$166,945.80	$538.89	$0.00	$943.94	$168,428.63
220	$168,428.63	$538.89	$0.00	$952.32	$169,919.84
221	$169,919.84	$538.89	$0.00	$960.75	$171,419.48
222	$171,419.48	$538.89	$0.00	$969.23	$172,927.60
223	$172,927.60	$538.89	$0.00	$977.76	$174,444.25
224	$174,444.25	$538.89	$0.00	$986.33	$175,969.47
225	$175,969.47	$538.89	$0.00	$994.96	$177,503.32
226	$177,503.32	$538.89	$0.00	$1,003.63	$179,045.84
227	$179,045.84	$538.89	$0.00	$1,012.35	$180,597.08
228	$180,597.08	$538.89	$0.00	$1,021.12	$182,157.09
229	$182,157.09	$538.89	$66,337.50	$1,029.94	$117,388.42
230	$117,388.42	$538.89	$0.00	$663.73	$118,591.04
231	$118,591.04	$538.89	$0.00	$670.53	$119,800.46
232	$119,800.46	$538.89	$0.00	$677.37	$121,016.72
233	$121,016.72	$538.89	$0.00	$684.25	$122,239.86
234	$122,239.86	$538.89	$0.00	$691.16	$123,469.91
235	$123,469.91	$538.89	$0.00	$698.12	$124,706.92
236	$124,706.92	$538.89	$0.00	$705.11	$125,950.92
237	$125,950.92	$538.89	$0.00	$712.14	$127,201.95
238	$127,201.95	$538.89	$0.00	$719.22	$128,460.06
239	$128,460.06	$538.89	$0.00	$726.33	$129,725.28
240	$129,725.28	$538.89	$0.00	$733.49	$130,997.66
241	$130,997.66	$538.89	$69,654.37	$740.68	$62,622.86
242	$62,622.86	$538.89	$0.00	$354.08	$63,515.83
243	$63,515.83	$538.89	$0.00	$359.13	$64,413.85
244	$64,413.85	$538.89	$0.00	$364.21	$65,316.95
245	$65,316.95	$538.89	$0.00	$369.31	$66,225.15
246	$66,225.15	$538.89	$0.00	$374.45	$67,138.49
247	$67,138.49	$538.89	$0.00	$379.61	$68,056.99
248	$68,056.99	$538.89	$0.00	$384.80	$68,980.68
249	$68,980.68	$538.89	$0.00	$390.03	$69,909.60
250	$69,909.60	$538.89	$0.00	$395.28	$70,843.77
251	$70,843.77	$538.89	$0.00	$400.56	$71,783.22
252	$71,783.22	$538.89	$0.00	$405.87	$72,727.98
253	$72,727.98	$0.00	$73,137.09	$411.21	$2.10