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 2041$94,133
Monthly savings required$745

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 $376,533.72 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $745.14 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$36,300.00
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 $745.14 $0.00 $0.00 $745.14
2 $745.14 $745.14 $0.00 $4.21 $1,494.49
3 $1,494.49 $745.14 $0.00 $8.45 $2,248.08
4 $2,248.08 $745.14 $0.00 $12.71 $3,005.93
5 $3,005.93 $745.14 $0.00 $17.00 $3,768.07
6 $3,768.07 $745.14 $0.00 $21.31 $4,534.52
7 $4,534.52 $745.14 $0.00 $25.64 $5,305.30
8 $5,305.30 $745.14 $0.00 $30.00 $6,080.44
9 $6,080.44 $745.14 $0.00 $34.38 $6,859.96
10 $6,859.96 $745.14 $0.00 $38.79 $7,643.89
11 $7,643.89 $745.14 $0.00 $43.22 $8,432.25
12 $8,432.25 $745.14 $0.00 $47.68 $9,225.07
13 $9,225.07 $745.14 $0.00 $52.16 $10,022.37
14 $10,022.37 $745.14 $0.00 $56.67 $10,824.18
15 $10,824.18 $745.14 $0.00 $61.20 $11,630.52
16 $11,630.52 $745.14 $0.00 $65.76 $12,441.42
17 $12,441.42 $745.14 $0.00 $70.35 $13,256.91
18 $13,256.91 $745.14 $0.00 $74.96 $14,077.01
19 $14,077.01 $745.14 $0.00 $79.59 $14,901.74
20 $14,901.74 $745.14 $0.00 $84.26 $15,731.14
21 $15,731.14 $745.14 $0.00 $88.95 $16,565.23
22 $16,565.23 $745.14 $0.00 $93.66 $17,404.03
23 $17,404.03 $745.14 $0.00 $98.40 $18,247.57
24 $18,247.57 $745.14 $0.00 $103.17 $19,095.88
25 $19,095.88 $745.14 $0.00 $107.97 $19,948.99
26 $19,948.99 $745.14 $0.00 $112.79 $20,806.92
27 $20,806.92 $745.14 $0.00 $117.65 $21,669.71
28 $21,669.71 $745.14 $0.00 $122.52 $22,537.37
29 $22,537.37 $745.14 $0.00 $127.43 $23,409.94
30 $23,409.94 $745.14 $0.00 $132.36 $24,287.44
31 $24,287.44 $745.14 $0.00 $137.32 $25,169.90
32 $25,169.90 $745.14 $0.00 $142.31 $26,057.35
33 $26,057.35 $745.14 $0.00 $147.33 $26,949.82
34 $26,949.82 $745.14 $0.00 $152.38 $27,847.34
35 $27,847.34 $745.14 $0.00 $157.45 $28,749.93
36 $28,749.93 $745.14 $0.00 $162.56 $29,657.63
37 $29,657.63 $745.14 $0.00 $167.69 $30,570.46
38 $30,570.46 $745.14 $0.00 $172.85 $31,488.45
39 $31,488.45 $745.14 $0.00 $178.04 $32,411.63
40 $32,411.63 $745.14 $0.00 $183.26 $33,340.03
41 $33,340.03 $745.14 $0.00 $188.51 $34,273.68
42 $34,273.68 $745.14 $0.00 $193.79 $35,212.61
43 $35,212.61 $745.14 $0.00 $199.10 $36,156.85
44 $36,156.85 $745.14 $0.00 $204.44 $37,106.43
45 $37,106.43 $745.14 $0.00 $209.81 $38,061.38
46 $38,061.38 $745.14 $0.00 $215.20 $39,021.72
47 $39,021.72 $745.14 $0.00 $220.63 $39,987.49
48 $39,987.49 $745.14 $0.00 $226.10 $40,958.73
49 $40,958.73 $745.14 $0.00 $231.59 $41,935.46
50 $41,935.46 $745.14 $0.00 $237.11 $42,917.71
51 $42,917.71 $745.14 $0.00 $242.66 $43,905.51
52 $43,905.51 $745.14 $0.00 $248.25 $44,898.90
53 $44,898.90 $745.14 $0.00 $253.86 $45,897.90
54 $45,897.90 $745.14 $0.00 $259.51 $46,902.55
55 $46,902.55 $745.14 $0.00 $265.19 $47,912.88
56 $47,912.88 $745.14 $0.00 $270.91 $48,928.93
57 $48,928.93 $745.14 $0.00 $276.65 $49,950.72
58 $49,950.72 $745.14 $0.00 $282.43 $50,978.29
59 $50,978.29 $745.14 $0.00 $288.24 $52,011.67
60 $52,011.67 $745.14 $0.00 $294.08 $53,050.89
61 $53,050.89 $745.14 $0.00 $299.96 $54,095.99
62 $54,095.99 $745.14 $0.00 $305.87 $55,147.00
63 $55,147.00 $745.14 $0.00 $311.81 $56,203.95
64 $56,203.95 $745.14 $0.00 $317.79 $57,266.88
65 $57,266.88 $745.14 $0.00 $323.80 $58,335.82
66 $58,335.82 $745.14 $0.00 $329.84 $59,410.80
67 $59,410.80 $745.14 $0.00 $335.92 $60,491.86
68 $60,491.86 $745.14 $0.00 $342.03 $61,579.03
69 $61,579.03 $745.14 $0.00 $348.18 $62,672.35
70 $62,672.35 $745.14 $0.00 $354.36 $63,771.85
71 $63,771.85 $745.14 $0.00 $360.58 $64,877.57
72 $64,877.57 $745.14 $0.00 $366.83 $65,989.54
73 $65,989.54 $745.14 $0.00 $373.11 $67,107.79
74 $67,107.79 $745.14 $0.00 $379.44 $68,232.37
75 $68,232.37 $745.14 $0.00 $385.80 $69,363.31
76 $69,363.31 $745.14 $0.00 $392.19 $70,500.64
77 $70,500.64 $745.14 $0.00 $398.62 $71,644.40
78 $71,644.40 $745.14 $0.00 $405.09 $72,794.63
79 $72,794.63 $745.14 $0.00 $411.59 $73,951.36
80 $73,951.36 $745.14 $0.00 $418.13 $75,114.63
81 $75,114.63 $745.14 $0.00 $424.71 $76,284.48
82 $76,284.48 $745.14 $0.00 $431.32 $77,460.94
83 $77,460.94 $745.14 $0.00 $437.98 $78,644.06
84 $78,644.06 $745.14 $0.00 $444.66 $79,833.86
85 $79,833.86 $745.14 $0.00 $451.39 $81,030.39
86 $81,030.39 $745.14 $0.00 $458.16 $82,233.69
87 $82,233.69 $745.14 $0.00 $464.96 $83,443.79
88 $83,443.79 $745.14 $0.00 $471.80 $84,660.73
89 $84,660.73 $745.14 $0.00 $478.68 $85,884.55
90 $85,884.55 $745.14 $0.00 $485.60 $87,115.29
91 $87,115.29 $745.14 $0.00 $492.56 $88,352.99
92 $88,352.99 $745.14 $0.00 $499.56 $89,597.69
93 $89,597.69 $745.14 $0.00 $506.60 $90,849.43
94 $90,849.43 $745.14 $0.00 $513.68 $92,108.25
95 $92,108.25 $745.14 $0.00 $520.79 $93,374.18
96 $93,374.18 $745.14 $0.00 $527.95 $94,647.27
97 $94,647.27 $745.14 $0.00 $535.15 $95,927.56
98 $95,927.56 $745.14 $0.00 $542.39 $97,215.09
99 $97,215.09 $745.14 $0.00 $549.67 $98,509.90
100 $98,509.90 $745.14 $0.00 $556.99 $99,812.03
101 $99,812.03 $745.14 $0.00 $564.35 $101,121.52
102 $101,121.52 $745.14 $0.00 $571.76 $102,438.42
103 $102,438.42 $745.14 $0.00 $579.20 $103,762.76
104 $103,762.76 $745.14 $0.00 $586.69 $105,094.59
105 $105,094.59 $745.14 $0.00 $594.22 $106,433.95
106 $106,433.95 $745.14 $0.00 $601.79 $107,780.88
107 $107,780.88 $745.14 $0.00 $609.41 $109,135.43
108 $109,135.43 $745.14 $0.00 $617.07 $110,497.64
109 $110,497.64 $745.14 $0.00 $624.77 $111,867.55
110 $111,867.55 $745.14 $0.00 $632.52 $113,245.21
111 $113,245.21 $745.14 $0.00 $640.30 $114,630.65
112 $114,630.65 $745.14 $0.00 $648.14 $116,023.93
113 $116,023.93 $745.14 $0.00 $656.02 $117,425.09
114 $117,425.09 $745.14 $0.00 $663.94 $118,834.17
115 $118,834.17 $745.14 $0.00 $671.91 $120,251.22
116 $120,251.22 $745.14 $0.00 $679.92 $121,676.28
117 $121,676.28 $745.14 $0.00 $687.98 $123,109.40
118 $123,109.40 $745.14 $0.00 $696.08 $124,550.62
119 $124,550.62 $745.14 $0.00 $704.23 $125,999.99
120 $125,999.99 $745.14 $0.00 $712.42 $127,457.55
121 $127,457.55 $745.14 $0.00 $720.66 $128,923.35
122 $128,923.35 $745.14 $0.00 $728.95 $130,397.44
123 $130,397.44 $745.14 $0.00 $737.29 $131,879.87
124 $131,879.87 $745.14 $0.00 $745.67 $133,370.68
125 $133,370.68 $745.14 $0.00 $754.10 $134,869.92
126 $134,869.92 $745.14 $0.00 $762.57 $136,377.63
127 $136,377.63 $745.14 $0.00 $771.10 $137,893.87
128 $137,893.87 $745.14 $0.00 $779.67 $139,418.68
129 $139,418.68 $745.14 $0.00 $788.29 $140,952.11
130 $140,952.11 $745.14 $0.00 $796.96 $142,494.21
131 $142,494.21 $745.14 $0.00 $805.68 $144,045.03
132 $144,045.03 $745.14 $0.00 $814.45 $145,604.62
133 $145,604.62 $745.14 $0.00 $823.27 $147,173.03
134 $147,173.03 $745.14 $0.00 $832.14 $148,750.31
135 $148,750.31 $745.14 $0.00 $841.06 $150,336.51
136 $150,336.51 $745.14 $0.00 $850.02 $151,931.67
137 $151,931.67 $745.14 $0.00 $859.04 $153,535.85
138 $153,535.85 $745.14 $0.00 $868.11 $155,149.10
139 $155,149.10 $745.14 $0.00 $877.24 $156,771.48
140 $156,771.48 $745.14 $0.00 $886.41 $158,403.03
141 $158,403.03 $745.14 $0.00 $895.63 $160,043.80
142 $160,043.80 $745.14 $0.00 $904.91 $161,693.85
143 $161,693.85 $745.14 $0.00 $914.24 $163,353.23
144 $163,353.23 $745.14 $0.00 $923.62 $165,021.99
145 $165,021.99 $745.14 $0.00 $933.06 $166,700.19
146 $166,700.19 $745.14 $0.00 $942.55 $168,387.88
147 $168,387.88 $745.14 $0.00 $952.09 $170,085.11
148 $170,085.11 $745.14 $0.00 $961.69 $171,791.94
149 $171,791.94 $745.14 $0.00 $971.34 $173,508.42
150 $173,508.42 $745.14 $0.00 $981.04 $175,234.60
151 $175,234.60 $745.14 $0.00 $990.80 $176,970.54
152 $176,970.54 $745.14 $0.00 $1,000.62 $178,716.30
153 $178,716.30 $745.14 $0.00 $1,010.49 $180,471.93
154 $180,471.93 $745.14 $0.00 $1,020.41 $182,237.48
155 $182,237.48 $745.14 $0.00 $1,030.40 $184,013.02
156 $184,013.02 $745.14 $0.00 $1,040.44 $185,798.60
157 $185,798.60 $745.14 $0.00 $1,050.53 $187,594.27
158 $187,594.27 $745.14 $0.00 $1,060.69 $189,400.10
159 $189,400.10 $745.14 $0.00 $1,070.90 $191,216.14
160 $191,216.14 $745.14 $0.00 $1,081.16 $193,042.44
161 $193,042.44 $745.14 $0.00 $1,091.49 $194,879.07
162 $194,879.07 $745.14 $0.00 $1,101.87 $196,726.08
163 $196,726.08 $745.14 $0.00 $1,112.32 $198,583.54
164 $198,583.54 $745.14 $0.00 $1,122.82 $200,451.50
165 $200,451.50 $745.14 $0.00 $1,133.38 $202,330.02
166 $202,330.02 $745.14 $0.00 $1,144.00 $204,219.16
167 $204,219.16 $745.14 $0.00 $1,154.68 $206,118.98
168 $206,118.98 $745.14 $0.00 $1,165.43 $208,029.55
169 $208,029.55 $745.14 $0.00 $1,176.23 $209,950.92
170 $209,950.92 $745.14 $0.00 $1,187.09 $211,883.15
171 $211,883.15 $745.14 $0.00 $1,198.02 $213,826.31
172 $213,826.31 $745.14 $0.00 $1,209.01 $215,780.46
173 $215,780.46 $745.14 $0.00 $1,220.05 $217,745.65
174 $217,745.65 $745.14 $0.00 $1,231.17 $219,721.96
175 $219,721.96 $745.14 $0.00 $1,242.34 $221,709.44
176 $221,709.44 $745.14 $0.00 $1,253.58 $223,708.16
177 $223,708.16 $745.14 $0.00 $1,264.88 $225,718.18
178 $225,718.18 $745.14 $0.00 $1,276.24 $227,739.56
179 $227,739.56 $745.14 $0.00 $1,287.67 $229,772.37
180 $229,772.37 $745.14 $0.00 $1,299.17 $231,816.68
181 $231,816.68 $745.14 $0.00 $1,310.73 $233,872.55
182 $233,872.55 $745.14 $0.00 $1,322.35 $235,940.04
183 $235,940.04 $745.14 $0.00 $1,334.04 $238,019.22
184 $238,019.22 $745.14 $0.00 $1,345.80 $240,110.16
185 $240,110.16 $745.14 $0.00 $1,357.62 $242,212.92
186 $242,212.92 $745.14 $0.00 $1,369.51 $244,327.57
187 $244,327.57 $745.14 $0.00 $1,381.46 $246,454.17
188 $246,454.17 $745.14 $0.00 $1,393.49 $248,592.80
189 $248,592.80 $745.14 $0.00 $1,405.58 $250,743.52
190 $250,743.52 $745.14 $0.00 $1,417.74 $252,906.40
191 $252,906.40 $745.14 $0.00 $1,429.97 $255,081.51
192 $255,081.51 $745.14 $0.00 $1,442.27 $257,268.92
193 $257,268.92 $745.14 $0.00 $1,454.64 $259,468.70
194 $259,468.70 $745.14 $0.00 $1,467.07 $261,680.91
195 $261,680.91 $745.14 $0.00 $1,479.58 $263,905.63
196 $263,905.63 $745.14 $0.00 $1,492.16 $266,142.93
197 $266,142.93 $745.14 $0.00 $1,504.81 $268,392.88
198 $268,392.88 $745.14 $0.00 $1,517.53 $270,655.55
199 $270,655.55 $745.14 $0.00 $1,530.33 $272,931.02
200 $272,931.02 $745.14 $0.00 $1,543.19 $275,219.35
201 $275,219.35 $745.14 $0.00 $1,556.13 $277,520.62
202 $277,520.62 $745.14 $0.00 $1,569.14 $279,834.90
203 $279,834.90 $745.14 $0.00 $1,582.23 $282,162.27
204 $282,162.27 $745.14 $0.00 $1,595.39 $284,502.80
205 $284,502.80 $745.14 $0.00 $1,608.62 $286,856.56
206 $286,856.56 $745.14 $0.00 $1,621.93 $289,223.63
207 $289,223.63 $745.14 $0.00 $1,635.31 $291,604.08
208 $291,604.08 $745.14 $0.00 $1,648.77 $293,997.99
209 $293,997.99 $745.14 $0.00 $1,662.31 $296,405.44
210 $296,405.44 $745.14 $0.00 $1,675.92 $298,826.50
211 $298,826.50 $745.14 $0.00 $1,689.61 $301,261.25
212 $301,261.25 $745.14 $0.00 $1,703.37 $303,709.76
213 $303,709.76 $745.14 $0.00 $1,717.22 $306,172.12
214 $306,172.12 $745.14 $0.00 $1,731.14 $308,648.40
215 $308,648.40 $745.14 $0.00 $1,745.14 $311,138.68
216 $311,138.68 $745.14 $0.00 $1,759.22 $313,643.04
217 $313,643.04 $745.14 $87,360.28 $1,773.38 $228,801.28
218 $228,801.28 $745.14 $0.00 $1,293.68 $230,840.10
219 $230,840.10 $745.14 $0.00 $1,305.20 $232,890.44
220 $232,890.44 $745.14 $0.00 $1,316.80 $234,952.38
221 $234,952.38 $745.14 $0.00 $1,328.45 $237,025.97
222 $237,025.97 $745.14 $0.00 $1,340.18 $239,111.29
223 $239,111.29 $745.14 $0.00 $1,351.97 $241,208.40
224 $241,208.40 $745.14 $0.00 $1,363.83 $243,317.37
225 $243,317.37 $745.14 $0.00 $1,375.75 $245,438.26
226 $245,438.26 $745.14 $0.00 $1,387.74 $247,571.14
227 $247,571.14 $745.14 $0.00 $1,399.80 $249,716.08
228 $249,716.08 $745.14 $0.00 $1,411.93 $251,873.15
229 $251,873.15 $745.14 $91,728.29 $1,424.13 $162,314.13
230 $162,314.13 $745.14 $0.00 $917.75 $163,977.02
231 $163,977.02 $745.14 $0.00 $927.15 $165,649.31
232 $165,649.31 $745.14 $0.00 $936.61 $167,331.06
233 $167,331.06 $745.14 $0.00 $946.11 $169,022.31
234 $169,022.31 $745.14 $0.00 $955.68 $170,723.13
235 $170,723.13 $745.14 $0.00 $965.29 $172,433.56
236 $172,433.56 $745.14 $0.00 $974.96 $174,153.66
237 $174,153.66 $745.14 $0.00 $984.69 $175,883.49
238 $175,883.49 $745.14 $0.00 $994.47 $177,623.10
239 $177,623.10 $745.14 $0.00 $1,004.31 $179,372.55
240 $179,372.55 $745.14 $0.00 $1,014.20 $181,131.89
241 $181,131.89 $745.14 $96,314.71 $1,024.15 $86,586.47
242 $86,586.47 $745.14 $0.00 $489.57 $87,821.18
243 $87,821.18 $745.14 $0.00 $496.55 $89,062.87
244 $89,062.87 $745.14 $0.00 $503.57 $90,311.58
245 $90,311.58 $745.14 $0.00 $510.63 $91,567.35
246 $91,567.35 $745.14 $0.00 $517.74 $92,830.23
247 $92,830.23 $745.14 $0.00 $524.88 $94,100.25
248 $94,100.25 $745.14 $0.00 $532.06 $95,377.45
249 $95,377.45 $745.14 $0.00 $539.28 $96,661.87
250 $96,661.87 $745.14 $0.00 $546.54 $97,953.55
251 $97,953.55 $745.14 $0.00 $553.84 $99,252.53
252 $99,252.53 $745.14 $0.00 $561.19 $100,558.86
253 $100,558.86 $0.00 $101,130.44 $568.57 ($3.01)