Savings Plan and Future Cost Estimation for New Jersey City University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$92,655
Monthly savings required$733

How much will it cost to send your child to New Jersey City University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $370,621.21 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $733.44 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$35,730.00
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 $733.44 $0.00 $0.00 $733.44
2 $733.44 $733.44 $0.00 $4.15 $1,471.03
3 $1,471.03 $733.44 $0.00 $8.32 $2,212.79
4 $2,212.79 $733.44 $0.00 $12.51 $2,958.74
5 $2,958.74 $733.44 $0.00 $16.73 $3,708.91
6 $3,708.91 $733.44 $0.00 $20.97 $4,463.32
7 $4,463.32 $733.44 $0.00 $25.24 $5,222.00
8 $5,222.00 $733.44 $0.00 $29.53 $5,984.97
9 $5,984.97 $733.44 $0.00 $33.84 $6,752.25
10 $6,752.25 $733.44 $0.00 $38.18 $7,523.87
11 $7,523.87 $733.44 $0.00 $42.54 $8,299.85
12 $8,299.85 $733.44 $0.00 $46.93 $9,080.22
13 $9,080.22 $733.44 $0.00 $51.34 $9,865.00
14 $9,865.00 $733.44 $0.00 $55.78 $10,654.22
15 $10,654.22 $733.44 $0.00 $60.24 $11,447.90
16 $11,447.90 $733.44 $0.00 $64.73 $12,246.07
17 $12,246.07 $733.44 $0.00 $69.24 $13,048.75
18 $13,048.75 $733.44 $0.00 $73.78 $13,855.97
19 $13,855.97 $733.44 $0.00 $78.34 $14,667.75
20 $14,667.75 $733.44 $0.00 $82.93 $15,484.12
21 $15,484.12 $733.44 $0.00 $87.55 $16,305.11
22 $16,305.11 $733.44 $0.00 $92.19 $17,130.74
23 $17,130.74 $733.44 $0.00 $96.86 $17,961.04
24 $17,961.04 $733.44 $0.00 $101.55 $18,796.03
25 $18,796.03 $733.44 $0.00 $106.28 $19,635.75
26 $19,635.75 $733.44 $0.00 $111.02 $20,480.21
27 $20,480.21 $733.44 $0.00 $115.80 $21,329.45
28 $21,329.45 $733.44 $0.00 $120.60 $22,183.49
29 $22,183.49 $733.44 $0.00 $125.43 $23,042.36
30 $23,042.36 $733.44 $0.00 $130.28 $23,906.08
31 $23,906.08 $733.44 $0.00 $135.17 $24,774.69
32 $24,774.69 $733.44 $0.00 $140.08 $25,648.21
33 $25,648.21 $733.44 $0.00 $145.02 $26,526.67
34 $26,526.67 $733.44 $0.00 $149.99 $27,410.10
35 $27,410.10 $733.44 $0.00 $154.98 $28,298.52
36 $28,298.52 $733.44 $0.00 $160.00 $29,191.96
37 $29,191.96 $733.44 $0.00 $165.06 $30,090.46
38 $30,090.46 $733.44 $0.00 $170.14 $30,994.04
39 $30,994.04 $733.44 $0.00 $175.24 $31,902.72
40 $31,902.72 $733.44 $0.00 $180.38 $32,816.54
41 $32,816.54 $733.44 $0.00 $185.55 $33,735.53
42 $33,735.53 $733.44 $0.00 $190.75 $34,659.72
43 $34,659.72 $733.44 $0.00 $195.97 $35,589.13
44 $35,589.13 $733.44 $0.00 $201.23 $36,523.80
45 $36,523.80 $733.44 $0.00 $206.51 $37,463.75
46 $37,463.75 $733.44 $0.00 $211.83 $38,409.02
47 $38,409.02 $733.44 $0.00 $217.17 $39,359.63
48 $39,359.63 $733.44 $0.00 $222.55 $40,315.62
49 $40,315.62 $733.44 $0.00 $227.95 $41,277.01
50 $41,277.01 $733.44 $0.00 $233.39 $42,243.84
51 $42,243.84 $733.44 $0.00 $238.85 $43,216.13
52 $43,216.13 $733.44 $0.00 $244.35 $44,193.92
53 $44,193.92 $733.44 $0.00 $249.88 $45,177.24
54 $45,177.24 $733.44 $0.00 $255.44 $46,166.12
55 $46,166.12 $733.44 $0.00 $261.03 $47,160.59
56 $47,160.59 $733.44 $0.00 $266.65 $48,160.68
57 $48,160.68 $733.44 $0.00 $272.31 $49,166.43
58 $49,166.43 $733.44 $0.00 $277.99 $50,177.86
59 $50,177.86 $733.44 $0.00 $283.71 $51,195.01
60 $51,195.01 $733.44 $0.00 $289.46 $52,217.91
61 $52,217.91 $733.44 $0.00 $295.25 $53,246.60
62 $53,246.60 $733.44 $0.00 $301.06 $54,281.10
63 $54,281.10 $733.44 $0.00 $306.91 $55,321.45
64 $55,321.45 $733.44 $0.00 $312.80 $56,367.69
65 $56,367.69 $733.44 $0.00 $318.71 $57,419.84
66 $57,419.84 $733.44 $0.00 $324.66 $58,477.94
67 $58,477.94 $733.44 $0.00 $330.64 $59,542.02
68 $59,542.02 $733.44 $0.00 $336.66 $60,612.12
69 $60,612.12 $733.44 $0.00 $342.71 $61,688.27
70 $61,688.27 $733.44 $0.00 $348.79 $62,770.50
71 $62,770.50 $733.44 $0.00 $354.91 $63,858.85
72 $63,858.85 $733.44 $0.00 $361.07 $64,953.36
73 $64,953.36 $733.44 $0.00 $367.26 $66,054.06
74 $66,054.06 $733.44 $0.00 $373.48 $67,160.98
75 $67,160.98 $733.44 $0.00 $379.74 $68,274.16
76 $68,274.16 $733.44 $0.00 $386.03 $69,393.63
77 $69,393.63 $733.44 $0.00 $392.36 $70,519.43
78 $70,519.43 $733.44 $0.00 $398.73 $71,651.60
79 $71,651.60 $733.44 $0.00 $405.13 $72,790.17
80 $72,790.17 $733.44 $0.00 $411.57 $73,935.18
81 $73,935.18 $733.44 $0.00 $418.04 $75,086.66
82 $75,086.66 $733.44 $0.00 $424.55 $76,244.65
83 $76,244.65 $733.44 $0.00 $431.10 $77,409.19
84 $77,409.19 $733.44 $0.00 $437.68 $78,580.31
85 $78,580.31 $733.44 $0.00 $444.30 $79,758.05
86 $79,758.05 $733.44 $0.00 $450.96 $80,942.45
87 $80,942.45 $733.44 $0.00 $457.66 $82,133.55
88 $82,133.55 $733.44 $0.00 $464.40 $83,331.39
89 $83,331.39 $733.44 $0.00 $471.17 $84,536.00
90 $84,536.00 $733.44 $0.00 $477.98 $85,747.42
91 $85,747.42 $733.44 $0.00 $484.83 $86,965.69
92 $86,965.69 $733.44 $0.00 $491.72 $88,190.85
93 $88,190.85 $733.44 $0.00 $498.64 $89,422.93
94 $89,422.93 $733.44 $0.00 $505.61 $90,661.98
95 $90,661.98 $733.44 $0.00 $512.62 $91,908.04
96 $91,908.04 $733.44 $0.00 $519.66 $93,161.14
97 $93,161.14 $733.44 $0.00 $526.75 $94,421.33
98 $94,421.33 $733.44 $0.00 $533.87 $95,688.64
99 $95,688.64 $733.44 $0.00 $541.04 $96,963.12
100 $96,963.12 $733.44 $0.00 $548.24 $98,244.80
101 $98,244.80 $733.44 $0.00 $555.49 $99,533.73
102 $99,533.73 $733.44 $0.00 $562.78 $100,829.95
103 $100,829.95 $733.44 $0.00 $570.11 $102,133.50
104 $102,133.50 $733.44 $0.00 $577.48 $103,444.42
105 $103,444.42 $733.44 $0.00 $584.89 $104,762.75
106 $104,762.75 $733.44 $0.00 $592.34 $106,088.53
107 $106,088.53 $733.44 $0.00 $599.84 $107,421.81
108 $107,421.81 $733.44 $0.00 $607.38 $108,762.63
109 $108,762.63 $733.44 $0.00 $614.96 $110,111.03
110 $110,111.03 $733.44 $0.00 $622.58 $111,467.05
111 $111,467.05 $733.44 $0.00 $630.25 $112,830.74
112 $112,830.74 $733.44 $0.00 $637.96 $114,202.14
113 $114,202.14 $733.44 $0.00 $645.72 $115,581.30
114 $115,581.30 $733.44 $0.00 $653.51 $116,968.25
115 $116,968.25 $733.44 $0.00 $661.36 $118,363.05
116 $118,363.05 $733.44 $0.00 $669.24 $119,765.73
117 $119,765.73 $733.44 $0.00 $677.17 $121,176.34
118 $121,176.34 $733.44 $0.00 $685.15 $122,594.93
119 $122,594.93 $733.44 $0.00 $693.17 $124,021.54
120 $124,021.54 $733.44 $0.00 $701.24 $125,456.22
121 $125,456.22 $733.44 $0.00 $709.35 $126,899.01
122 $126,899.01 $733.44 $0.00 $717.51 $128,349.96
123 $128,349.96 $733.44 $0.00 $725.71 $129,809.11
124 $129,809.11 $733.44 $0.00 $733.96 $131,276.51
125 $131,276.51 $733.44 $0.00 $742.26 $132,752.21
126 $132,752.21 $733.44 $0.00 $750.60 $134,236.25
127 $134,236.25 $733.44 $0.00 $758.99 $135,728.68
128 $135,728.68 $733.44 $0.00 $767.43 $137,229.55
129 $137,229.55 $733.44 $0.00 $775.92 $138,738.91
130 $138,738.91 $733.44 $0.00 $784.45 $140,256.80
131 $140,256.80 $733.44 $0.00 $793.03 $141,783.27
132 $141,783.27 $733.44 $0.00 $801.66 $143,318.37
133 $143,318.37 $733.44 $0.00 $810.34 $144,862.15
134 $144,862.15 $733.44 $0.00 $819.07 $146,414.66
135 $146,414.66 $733.44 $0.00 $827.85 $147,975.95
136 $147,975.95 $733.44 $0.00 $836.68 $149,546.07
137 $149,546.07 $733.44 $0.00 $845.56 $151,125.07
138 $151,125.07 $733.44 $0.00 $854.48 $152,712.99
139 $152,712.99 $733.44 $0.00 $863.46 $154,309.89
140 $154,309.89 $733.44 $0.00 $872.49 $155,915.82
141 $155,915.82 $733.44 $0.00 $881.57 $157,530.83
142 $157,530.83 $733.44 $0.00 $890.70 $159,154.97
143 $159,154.97 $733.44 $0.00 $899.89 $160,788.30
144 $160,788.30 $733.44 $0.00 $909.12 $162,430.86
145 $162,430.86 $733.44 $0.00 $918.41 $164,082.71
146 $164,082.71 $733.44 $0.00 $927.75 $165,743.90
147 $165,743.90 $733.44 $0.00 $937.14 $167,414.48
148 $167,414.48 $733.44 $0.00 $946.59 $169,094.51
149 $169,094.51 $733.44 $0.00 $956.08 $170,784.03
150 $170,784.03 $733.44 $0.00 $965.64 $172,483.11
151 $172,483.11 $733.44 $0.00 $975.24 $174,191.79
152 $174,191.79 $733.44 $0.00 $984.91 $175,910.14
153 $175,910.14 $733.44 $0.00 $994.62 $177,638.20
154 $177,638.20 $733.44 $0.00 $1,004.39 $179,376.03
155 $179,376.03 $733.44 $0.00 $1,014.22 $181,123.69
156 $181,123.69 $733.44 $0.00 $1,024.10 $182,881.23
157 $182,881.23 $733.44 $0.00 $1,034.04 $184,648.71
158 $184,648.71 $733.44 $0.00 $1,044.03 $186,426.18
159 $186,426.18 $733.44 $0.00 $1,054.08 $188,213.70
160 $188,213.70 $733.44 $0.00 $1,064.19 $190,011.33
161 $190,011.33 $733.44 $0.00 $1,074.35 $191,819.12
162 $191,819.12 $733.44 $0.00 $1,084.57 $193,637.13
163 $193,637.13 $733.44 $0.00 $1,094.85 $195,465.42
164 $195,465.42 $733.44 $0.00 $1,105.19 $197,304.05
165 $197,304.05 $733.44 $0.00 $1,115.59 $199,153.08
166 $199,153.08 $733.44 $0.00 $1,126.04 $201,012.56
167 $201,012.56 $733.44 $0.00 $1,136.55 $202,882.55
168 $202,882.55 $733.44 $0.00 $1,147.13 $204,763.12
169 $204,763.12 $733.44 $0.00 $1,157.76 $206,654.32
170 $206,654.32 $733.44 $0.00 $1,168.45 $208,556.21
171 $208,556.21 $733.44 $0.00 $1,179.21 $210,468.86
172 $210,468.86 $733.44 $0.00 $1,190.02 $212,392.32
173 $212,392.32 $733.44 $0.00 $1,200.90 $214,326.66
174 $214,326.66 $733.44 $0.00 $1,211.83 $216,271.93
175 $216,271.93 $733.44 $0.00 $1,222.83 $218,228.20
176 $218,228.20 $733.44 $0.00 $1,233.89 $220,195.53
177 $220,195.53 $733.44 $0.00 $1,245.02 $222,173.99
178 $222,173.99 $733.44 $0.00 $1,256.20 $224,163.63
179 $224,163.63 $733.44 $0.00 $1,267.45 $226,164.52
180 $226,164.52 $733.44 $0.00 $1,278.77 $228,176.73
181 $228,176.73 $733.44 $0.00 $1,290.14 $230,200.31
182 $230,200.31 $733.44 $0.00 $1,301.59 $232,235.34
183 $232,235.34 $733.44 $0.00 $1,313.09 $234,281.87
184 $234,281.87 $733.44 $0.00 $1,324.66 $236,339.97
185 $236,339.97 $733.44 $0.00 $1,336.30 $238,409.71
186 $238,409.71 $733.44 $0.00 $1,348.00 $240,491.15
187 $240,491.15 $733.44 $0.00 $1,359.77 $242,584.36
188 $242,584.36 $733.44 $0.00 $1,371.61 $244,689.41
189 $244,689.41 $733.44 $0.00 $1,383.51 $246,806.36
190 $246,806.36 $733.44 $0.00 $1,395.48 $248,935.28
191 $248,935.28 $733.44 $0.00 $1,407.52 $251,076.24
192 $251,076.24 $733.44 $0.00 $1,419.62 $253,229.30
193 $253,229.30 $733.44 $0.00 $1,431.80 $255,394.54
194 $255,394.54 $733.44 $0.00 $1,444.04 $257,572.02
195 $257,572.02 $733.44 $0.00 $1,456.35 $259,761.81
196 $259,761.81 $733.44 $0.00 $1,468.73 $261,963.98
197 $261,963.98 $733.44 $0.00 $1,481.18 $264,178.60
198 $264,178.60 $733.44 $0.00 $1,493.70 $266,405.74
199 $266,405.74 $733.44 $0.00 $1,506.30 $268,645.48
200 $268,645.48 $733.44 $0.00 $1,518.96 $270,897.88
201 $270,897.88 $733.44 $0.00 $1,531.70 $273,163.02
202 $273,163.02 $733.44 $0.00 $1,544.50 $275,440.96
203 $275,440.96 $733.44 $0.00 $1,557.38 $277,731.78
204 $277,731.78 $733.44 $0.00 $1,570.34 $280,035.56
205 $280,035.56 $733.44 $0.00 $1,583.36 $282,352.36
206 $282,352.36 $733.44 $0.00 $1,596.46 $284,682.26
207 $284,682.26 $733.44 $0.00 $1,609.63 $287,025.33
208 $287,025.33 $733.44 $0.00 $1,622.88 $289,381.65
209 $289,381.65 $733.44 $0.00 $1,636.21 $291,751.30
210 $291,751.30 $733.44 $0.00 $1,649.60 $294,134.34
211 $294,134.34 $733.44 $0.00 $1,663.08 $296,530.86
212 $296,530.86 $733.44 $0.00 $1,676.63 $298,940.93
213 $298,940.93 $733.44 $0.00 $1,690.26 $301,364.63
214 $301,364.63 $733.44 $0.00 $1,703.96 $303,802.03
215 $303,802.03 $733.44 $0.00 $1,717.74 $306,253.21
216 $306,253.21 $733.44 $0.00 $1,731.60 $308,718.25
217 $308,718.25 $733.44 $85,988.51 $1,745.54 $225,208.72
218 $225,208.72 $733.44 $0.00 $1,273.36 $227,215.52
219 $227,215.52 $733.44 $0.00 $1,284.71 $229,233.67
220 $229,233.67 $733.44 $0.00 $1,296.12 $231,263.23
221 $231,263.23 $733.44 $0.00 $1,307.60 $233,304.27
222 $233,304.27 $733.44 $0.00 $1,319.14 $235,356.85
223 $235,356.85 $733.44 $0.00 $1,330.74 $237,421.03
224 $237,421.03 $733.44 $0.00 $1,342.41 $239,496.88
225 $239,496.88 $733.44 $0.00 $1,354.15 $241,584.47
226 $241,584.47 $733.44 $0.00 $1,365.95 $243,683.86
227 $243,683.86 $733.44 $0.00 $1,377.82 $245,795.12
228 $245,795.12 $733.44 $0.00 $1,389.76 $247,918.32
229 $247,918.32 $733.44 $90,287.93 $1,401.77 $159,765.60
230 $159,765.60 $733.44 $0.00 $903.34 $161,402.38
231 $161,402.38 $733.44 $0.00 $912.59 $163,048.41
232 $163,048.41 $733.44 $0.00 $921.90 $164,703.75
233 $164,703.75 $733.44 $0.00 $931.26 $166,368.45
234 $166,368.45 $733.44 $0.00 $940.67 $168,042.56
235 $168,042.56 $733.44 $0.00 $950.14 $169,726.14
236 $169,726.14 $733.44 $0.00 $959.66 $171,419.24
237 $171,419.24 $733.44 $0.00 $969.23 $173,121.91
238 $173,121.91 $733.44 $0.00 $978.86 $174,834.21
239 $174,834.21 $733.44 $0.00 $988.54 $176,556.19
240 $176,556.19 $733.44 $0.00 $998.27 $178,287.90
241 $178,287.90 $733.44 $94,802.33 $1,008.07 $85,227.08
242 $85,227.08 $733.44 $0.00 $481.89 $86,442.41
243 $86,442.41 $733.44 $0.00 $488.76 $87,664.61
244 $87,664.61 $733.44 $0.00 $495.67 $88,893.72
245 $88,893.72 $733.44 $0.00 $502.62 $90,129.78
246 $90,129.78 $733.44 $0.00 $509.61 $91,372.83
247 $91,372.83 $733.44 $0.00 $516.64 $92,622.91
248 $92,622.91 $733.44 $0.00 $523.70 $93,880.05
249 $93,880.05 $733.44 $0.00 $530.81 $95,144.30
250 $95,144.30 $733.44 $0.00 $537.96 $96,415.70
251 $96,415.70 $733.44 $0.00 $545.15 $97,694.29
252 $97,694.29 $733.44 $0.00 $552.38 $98,980.11
253 $98,980.11 $0.00 $99,542.44 $559.65 ($2.68)