Savings Plan and Future Cost Estimation for Thomas More College of Liberal Arts

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$92,578
Monthly savings required$733

How much will it cost to send your child to Thomas More College of Liberal Arts in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $370,310.02 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $732.84 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$35,700.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Thomas More College of Liberal Arts in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $732.84 $0.00 $0.00 $732.84
2 $732.84 $732.84 $0.00 $4.14 $1,469.82
3 $1,469.82 $732.84 $0.00 $8.31 $2,210.97
4 $2,210.97 $732.84 $0.00 $12.50 $2,956.31
5 $2,956.31 $732.84 $0.00 $16.72 $3,705.87
6 $3,705.87 $732.84 $0.00 $20.95 $4,459.66
7 $4,459.66 $732.84 $0.00 $25.22 $5,217.72
8 $5,217.72 $732.84 $0.00 $29.50 $5,980.06
9 $5,980.06 $732.84 $0.00 $33.81 $6,746.71
10 $6,746.71 $732.84 $0.00 $38.15 $7,517.70
11 $7,517.70 $732.84 $0.00 $42.51 $8,293.05
12 $8,293.05 $732.84 $0.00 $46.89 $9,072.78
13 $9,072.78 $732.84 $0.00 $51.30 $9,856.92
14 $9,856.92 $732.84 $0.00 $55.73 $10,645.49
15 $10,645.49 $732.84 $0.00 $60.19 $11,438.52
16 $11,438.52 $732.84 $0.00 $64.68 $12,236.04
17 $12,236.04 $732.84 $0.00 $69.18 $13,038.06
18 $13,038.06 $732.84 $0.00 $73.72 $13,844.62
19 $13,844.62 $732.84 $0.00 $78.28 $14,655.74
20 $14,655.74 $732.84 $0.00 $82.87 $15,471.45
21 $15,471.45 $732.84 $0.00 $87.48 $16,291.77
22 $16,291.77 $732.84 $0.00 $92.12 $17,116.73
23 $17,116.73 $732.84 $0.00 $96.78 $17,946.35
24 $17,946.35 $732.84 $0.00 $101.47 $18,780.66
25 $18,780.66 $732.84 $0.00 $106.19 $19,619.69
26 $19,619.69 $732.84 $0.00 $110.93 $20,463.46
27 $20,463.46 $732.84 $0.00 $115.70 $21,312.00
28 $21,312.00 $732.84 $0.00 $120.50 $22,165.34
29 $22,165.34 $732.84 $0.00 $125.33 $23,023.51
30 $23,023.51 $732.84 $0.00 $130.18 $23,886.53
31 $23,886.53 $732.84 $0.00 $135.06 $24,754.43
32 $24,754.43 $732.84 $0.00 $139.97 $25,627.24
33 $25,627.24 $732.84 $0.00 $144.90 $26,504.98
34 $26,504.98 $732.84 $0.00 $149.86 $27,387.68
35 $27,387.68 $732.84 $0.00 $154.85 $28,275.37
36 $28,275.37 $732.84 $0.00 $159.87 $29,168.08
37 $29,168.08 $732.84 $0.00 $164.92 $30,065.84
38 $30,065.84 $732.84 $0.00 $170.00 $30,968.68
39 $30,968.68 $732.84 $0.00 $175.10 $31,876.62
40 $31,876.62 $732.84 $0.00 $180.24 $32,789.70
41 $32,789.70 $732.84 $0.00 $185.40 $33,707.94
42 $33,707.94 $732.84 $0.00 $190.59 $34,631.37
43 $34,631.37 $732.84 $0.00 $195.81 $35,560.02
44 $35,560.02 $732.84 $0.00 $201.06 $36,493.92
45 $36,493.92 $732.84 $0.00 $206.34 $37,433.10
46 $37,433.10 $732.84 $0.00 $211.65 $38,377.59
47 $38,377.59 $732.84 $0.00 $216.99 $39,327.42
48 $39,327.42 $732.84 $0.00 $222.36 $40,282.62
49 $40,282.62 $732.84 $0.00 $227.76 $41,243.22
50 $41,243.22 $732.84 $0.00 $233.20 $42,209.26
51 $42,209.26 $732.84 $0.00 $238.66 $43,180.76
52 $43,180.76 $732.84 $0.00 $244.15 $44,157.75
53 $44,157.75 $732.84 $0.00 $249.67 $45,140.26
54 $45,140.26 $732.84 $0.00 $255.23 $46,128.33
55 $46,128.33 $732.84 $0.00 $260.82 $47,121.99
56 $47,121.99 $732.84 $0.00 $266.43 $48,121.26
57 $48,121.26 $732.84 $0.00 $272.08 $49,126.18
58 $49,126.18 $732.84 $0.00 $277.77 $50,136.79
59 $50,136.79 $732.84 $0.00 $283.48 $51,153.11
60 $51,153.11 $732.84 $0.00 $289.23 $52,175.18
61 $52,175.18 $732.84 $0.00 $295.01 $53,203.03
62 $53,203.03 $732.84 $0.00 $300.82 $54,236.69
63 $54,236.69 $732.84 $0.00 $306.66 $55,276.19
64 $55,276.19 $732.84 $0.00 $312.54 $56,321.57
65 $56,321.57 $732.84 $0.00 $318.45 $57,372.86
66 $57,372.86 $732.84 $0.00 $324.39 $58,430.09
67 $58,430.09 $732.84 $0.00 $330.37 $59,493.30
68 $59,493.30 $732.84 $0.00 $336.38 $60,562.52
69 $60,562.52 $732.84 $0.00 $342.43 $61,637.79
70 $61,637.79 $732.84 $0.00 $348.51 $62,719.14
71 $62,719.14 $732.84 $0.00 $354.62 $63,806.60
72 $63,806.60 $732.84 $0.00 $360.77 $64,900.21
73 $64,900.21 $732.84 $0.00 $366.96 $66,000.01
74 $66,000.01 $732.84 $0.00 $373.17 $67,106.02
75 $67,106.02 $732.84 $0.00 $379.43 $68,218.29
76 $68,218.29 $732.84 $0.00 $385.72 $69,336.85
77 $69,336.85 $732.84 $0.00 $392.04 $70,461.73
78 $70,461.73 $732.84 $0.00 $398.40 $71,592.97
79 $71,592.97 $732.84 $0.00 $404.80 $72,730.61
80 $72,730.61 $732.84 $0.00 $411.23 $73,874.68
81 $73,874.68 $732.84 $0.00 $417.70 $75,025.22
82 $75,025.22 $732.84 $0.00 $424.20 $76,182.26
83 $76,182.26 $732.84 $0.00 $430.75 $77,345.85
84 $77,345.85 $732.84 $0.00 $437.32 $78,516.01
85 $78,516.01 $732.84 $0.00 $443.94 $79,692.79
86 $79,692.79 $732.84 $0.00 $450.59 $80,876.22
87 $80,876.22 $732.84 $0.00 $457.29 $82,066.35
88 $82,066.35 $732.84 $0.00 $464.02 $83,263.21
89 $83,263.21 $732.84 $0.00 $470.78 $84,466.83
90 $84,466.83 $732.84 $0.00 $477.59 $85,677.26
91 $85,677.26 $732.84 $0.00 $484.43 $86,894.53
92 $86,894.53 $732.84 $0.00 $491.31 $88,118.68
93 $88,118.68 $732.84 $0.00 $498.24 $89,349.76
94 $89,349.76 $732.84 $0.00 $505.20 $90,587.80
95 $90,587.80 $732.84 $0.00 $512.20 $91,832.84
96 $91,832.84 $732.84 $0.00 $519.24 $93,084.92
97 $93,084.92 $732.84 $0.00 $526.32 $94,344.08
98 $94,344.08 $732.84 $0.00 $533.44 $95,610.36
99 $95,610.36 $732.84 $0.00 $540.59 $96,883.79
100 $96,883.79 $732.84 $0.00 $547.80 $98,164.43
101 $98,164.43 $732.84 $0.00 $555.04 $99,452.31
102 $99,452.31 $732.84 $0.00 $562.32 $100,747.47
103 $100,747.47 $732.84 $0.00 $569.64 $102,049.95
104 $102,049.95 $732.84 $0.00 $577.01 $103,359.80
105 $103,359.80 $732.84 $0.00 $584.41 $104,677.05
106 $104,677.05 $732.84 $0.00 $591.86 $106,001.75
107 $106,001.75 $732.84 $0.00 $599.35 $107,333.94
108 $107,333.94 $732.84 $0.00 $606.88 $108,673.66
109 $108,673.66 $732.84 $0.00 $614.46 $110,020.96
110 $110,020.96 $732.84 $0.00 $622.07 $111,375.87
111 $111,375.87 $732.84 $0.00 $629.74 $112,738.45
112 $112,738.45 $732.84 $0.00 $637.44 $114,108.73
113 $114,108.73 $732.84 $0.00 $645.19 $115,486.76
114 $115,486.76 $732.84 $0.00 $652.98 $116,872.58
115 $116,872.58 $732.84 $0.00 $660.81 $118,266.23
116 $118,266.23 $732.84 $0.00 $668.69 $119,667.76
117 $119,667.76 $732.84 $0.00 $676.62 $121,077.22
118 $121,077.22 $732.84 $0.00 $684.59 $122,494.65
119 $122,494.65 $732.84 $0.00 $692.60 $123,920.09
120 $123,920.09 $732.84 $0.00 $700.66 $125,353.59
121 $125,353.59 $732.84 $0.00 $708.77 $126,795.20
122 $126,795.20 $732.84 $0.00 $716.92 $128,244.96
123 $128,244.96 $732.84 $0.00 $725.12 $129,702.92
124 $129,702.92 $732.84 $0.00 $733.36 $131,169.12
125 $131,169.12 $732.84 $0.00 $741.65 $132,643.61
126 $132,643.61 $732.84 $0.00 $749.99 $134,126.44
127 $134,126.44 $732.84 $0.00 $758.37 $135,617.65
128 $135,617.65 $732.84 $0.00 $766.80 $137,117.29
129 $137,117.29 $732.84 $0.00 $775.28 $138,625.41
130 $138,625.41 $732.84 $0.00 $783.81 $140,142.06
131 $140,142.06 $732.84 $0.00 $792.38 $141,667.28
132 $141,667.28 $732.84 $0.00 $801.01 $143,201.13
133 $143,201.13 $732.84 $0.00 $809.68 $144,743.65
134 $144,743.65 $732.84 $0.00 $818.40 $146,294.89
135 $146,294.89 $732.84 $0.00 $827.17 $147,854.90
136 $147,854.90 $732.84 $0.00 $835.99 $149,423.73
137 $149,423.73 $732.84 $0.00 $844.86 $151,001.43
138 $151,001.43 $732.84 $0.00 $853.78 $152,588.05
139 $152,588.05 $732.84 $0.00 $862.76 $154,183.65
140 $154,183.65 $732.84 $0.00 $871.78 $155,788.27
141 $155,788.27 $732.84 $0.00 $880.85 $157,401.96
142 $157,401.96 $732.84 $0.00 $889.97 $159,024.77
143 $159,024.77 $732.84 $0.00 $899.15 $160,656.76
144 $160,656.76 $732.84 $0.00 $908.38 $162,297.98
145 $162,297.98 $732.84 $0.00 $917.66 $163,948.48
146 $163,948.48 $732.84 $0.00 $926.99 $165,608.31
147 $165,608.31 $732.84 $0.00 $936.37 $167,277.52
148 $167,277.52 $732.84 $0.00 $945.81 $168,956.17
149 $168,956.17 $732.84 $0.00 $955.30 $170,644.31
150 $170,644.31 $732.84 $0.00 $964.85 $172,342.00
151 $172,342.00 $732.84 $0.00 $974.45 $174,049.29
152 $174,049.29 $732.84 $0.00 $984.10 $175,766.23
153 $175,766.23 $732.84 $0.00 $993.81 $177,492.88
154 $177,492.88 $732.84 $0.00 $1,003.57 $179,229.29
155 $179,229.29 $732.84 $0.00 $1,013.39 $180,975.52
156 $180,975.52 $732.84 $0.00 $1,023.26 $182,731.62
157 $182,731.62 $732.84 $0.00 $1,033.19 $184,497.65
158 $184,497.65 $732.84 $0.00 $1,043.18 $186,273.67
159 $186,273.67 $732.84 $0.00 $1,053.22 $188,059.73
160 $188,059.73 $732.84 $0.00 $1,063.32 $189,855.89
161 $189,855.89 $732.84 $0.00 $1,073.47 $191,662.20
162 $191,662.20 $732.84 $0.00 $1,083.69 $193,478.73
163 $193,478.73 $732.84 $0.00 $1,093.96 $195,305.53
164 $195,305.53 $732.84 $0.00 $1,104.29 $197,142.66
165 $197,142.66 $732.84 $0.00 $1,114.67 $198,990.17
166 $198,990.17 $732.84 $0.00 $1,125.12 $200,848.13
167 $200,848.13 $732.84 $0.00 $1,135.62 $202,716.59
168 $202,716.59 $732.84 $0.00 $1,146.19 $204,595.62
169 $204,595.62 $732.84 $0.00 $1,156.81 $206,485.27
170 $206,485.27 $732.84 $0.00 $1,167.50 $208,385.61
171 $208,385.61 $732.84 $0.00 $1,178.24 $210,296.69
172 $210,296.69 $732.84 $0.00 $1,189.05 $212,218.58
173 $212,218.58 $732.84 $0.00 $1,199.91 $214,151.33
174 $214,151.33 $732.84 $0.00 $1,210.84 $216,095.01
175 $216,095.01 $732.84 $0.00 $1,221.83 $218,049.68
176 $218,049.68 $732.84 $0.00 $1,232.88 $220,015.40
177 $220,015.40 $732.84 $0.00 $1,244.00 $221,992.24
178 $221,992.24 $732.84 $0.00 $1,255.18 $223,980.26
179 $223,980.26 $732.84 $0.00 $1,266.42 $225,979.52
180 $225,979.52 $732.84 $0.00 $1,277.72 $227,990.08
181 $227,990.08 $732.84 $0.00 $1,289.09 $230,012.01
182 $230,012.01 $732.84 $0.00 $1,300.52 $232,045.37
183 $232,045.37 $732.84 $0.00 $1,312.02 $234,090.23
184 $234,090.23 $732.84 $0.00 $1,323.58 $236,146.65
185 $236,146.65 $732.84 $0.00 $1,335.21 $238,214.70
186 $238,214.70 $732.84 $0.00 $1,346.90 $240,294.44
187 $240,294.44 $732.84 $0.00 $1,358.66 $242,385.94
188 $242,385.94 $732.84 $0.00 $1,370.49 $244,489.27
189 $244,489.27 $732.84 $0.00 $1,382.38 $246,604.49
190 $246,604.49 $732.84 $0.00 $1,394.34 $248,731.67
191 $248,731.67 $732.84 $0.00 $1,406.37 $250,870.88
192 $250,870.88 $732.84 $0.00 $1,418.46 $253,022.18
193 $253,022.18 $732.84 $0.00 $1,430.62 $255,185.64
194 $255,185.64 $732.84 $0.00 $1,442.86 $257,361.34
195 $257,361.34 $732.84 $0.00 $1,455.16 $259,549.34
196 $259,549.34 $732.84 $0.00 $1,467.53 $261,749.71
197 $261,749.71 $732.84 $0.00 $1,479.97 $263,962.52
198 $263,962.52 $732.84 $0.00 $1,492.48 $266,187.84
199 $266,187.84 $732.84 $0.00 $1,505.06 $268,425.74
200 $268,425.74 $732.84 $0.00 $1,517.72 $270,676.30
201 $270,676.30 $732.84 $0.00 $1,530.44 $272,939.58
202 $272,939.58 $732.84 $0.00 $1,543.24 $275,215.66
203 $275,215.66 $732.84 $0.00 $1,556.11 $277,504.61
204 $277,504.61 $732.84 $0.00 $1,569.05 $279,806.50
205 $279,806.50 $732.84 $0.00 $1,582.07 $282,121.41
206 $282,121.41 $732.84 $0.00 $1,595.16 $284,449.41
207 $284,449.41 $732.84 $0.00 $1,608.32 $286,790.57
208 $286,790.57 $732.84 $0.00 $1,621.56 $289,144.97
209 $289,144.97 $732.84 $0.00 $1,634.87 $291,512.68
210 $291,512.68 $732.84 $0.00 $1,648.26 $293,893.78
211 $293,893.78 $732.84 $0.00 $1,661.72 $296,288.34
212 $296,288.34 $732.84 $0.00 $1,675.26 $298,696.44
213 $298,696.44 $732.84 $0.00 $1,688.87 $301,118.15
214 $301,118.15 $732.84 $0.00 $1,702.57 $303,553.56
215 $303,553.56 $732.84 $0.00 $1,716.34 $306,002.74
216 $306,002.74 $732.84 $0.00 $1,730.18 $308,465.76
217 $308,465.76 $732.84 $85,916.31 $1,744.11 $225,026.40
218 $225,026.40 $732.84 $0.00 $1,272.33 $227,031.57
219 $227,031.57 $732.84 $0.00 $1,283.67 $229,048.08
220 $229,048.08 $732.84 $0.00 $1,295.07 $231,075.99
221 $231,075.99 $732.84 $0.00 $1,306.54 $233,115.37
222 $233,115.37 $732.84 $0.00 $1,318.07 $235,166.28
223 $235,166.28 $732.84 $0.00 $1,329.66 $237,228.78
224 $237,228.78 $732.84 $0.00 $1,341.33 $239,302.95
225 $239,302.95 $732.84 $0.00 $1,353.05 $241,388.84
226 $241,388.84 $732.84 $0.00 $1,364.85 $243,486.53
227 $243,486.53 $732.84 $0.00 $1,376.71 $245,596.08
228 $245,596.08 $732.84 $0.00 $1,388.64 $247,717.56
229 $247,717.56 $732.84 $90,212.12 $1,400.63 $159,638.91
230 $159,638.91 $732.84 $0.00 $902.62 $161,274.37
231 $161,274.37 $732.84 $0.00 $911.87 $162,919.08
232 $162,919.08 $732.84 $0.00 $921.17 $164,573.09
233 $164,573.09 $732.84 $0.00 $930.52 $166,236.45
234 $166,236.45 $732.84 $0.00 $939.93 $167,909.22
235 $167,909.22 $732.84 $0.00 $949.38 $169,591.44
236 $169,591.44 $732.84 $0.00 $958.89 $171,283.17
237 $171,283.17 $732.84 $0.00 $968.46 $172,984.47
238 $172,984.47 $732.84 $0.00 $978.08 $174,695.39
239 $174,695.39 $732.84 $0.00 $987.75 $176,415.98
240 $176,415.98 $732.84 $0.00 $997.48 $178,146.30
241 $178,146.30 $732.84 $94,722.73 $1,007.27 $85,163.68
242 $85,163.68 $732.84 $0.00 $481.53 $86,378.05
243 $86,378.05 $732.84 $0.00 $488.39 $87,599.28
244 $87,599.28 $732.84 $0.00 $495.30 $88,827.42
245 $88,827.42 $732.84 $0.00 $502.24 $90,062.50
246 $90,062.50 $732.84 $0.00 $509.23 $91,304.57
247 $91,304.57 $732.84 $0.00 $516.25 $92,553.66
248 $92,553.66 $732.84 $0.00 $523.31 $93,809.81
249 $93,809.81 $732.84 $0.00 $530.41 $95,073.06
250 $95,073.06 $732.84 $0.00 $537.56 $96,343.46
251 $96,343.46 $732.84 $0.00 $544.74 $97,621.04
252 $97,621.04 $732.84 $0.00 $551.96 $98,905.84
253 $98,905.84 $0.00 $99,458.86 $559.23 $6.21