Savings Plan and Future Cost Estimation for Rowan University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$91,245
Monthly savings required$722

How much will it cost to send your child to Rowan University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $364,978.39 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $722.28 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$35,186.00
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 $722.28 $0.00 $0.00 $722.28
2 $722.28 $722.28 $0.00 $4.08 $1,448.64
3 $1,448.64 $722.28 $0.00 $8.19 $2,179.11
4 $2,179.11 $722.28 $0.00 $12.32 $2,913.71
5 $2,913.71 $722.28 $0.00 $16.47 $3,652.46
6 $3,652.46 $722.28 $0.00 $20.65 $4,395.39
7 $4,395.39 $722.28 $0.00 $24.85 $5,142.52
8 $5,142.52 $722.28 $0.00 $29.08 $5,893.88
9 $5,893.88 $722.28 $0.00 $33.32 $6,649.48
10 $6,649.48 $722.28 $0.00 $37.60 $7,409.36
11 $7,409.36 $722.28 $0.00 $41.89 $8,173.53
12 $8,173.53 $722.28 $0.00 $46.21 $8,942.02
13 $8,942.02 $722.28 $0.00 $50.56 $9,714.86
14 $9,714.86 $722.28 $0.00 $54.93 $10,492.07
15 $10,492.07 $722.28 $0.00 $59.32 $11,273.67
16 $11,273.67 $722.28 $0.00 $63.74 $12,059.69
17 $12,059.69 $722.28 $0.00 $68.19 $12,850.16
18 $12,850.16 $722.28 $0.00 $72.66 $13,645.10
19 $13,645.10 $722.28 $0.00 $77.15 $14,444.53
20 $14,444.53 $722.28 $0.00 $81.67 $15,248.48
21 $15,248.48 $722.28 $0.00 $86.22 $16,056.98
22 $16,056.98 $722.28 $0.00 $90.79 $16,870.05
23 $16,870.05 $722.28 $0.00 $95.39 $17,687.72
24 $17,687.72 $722.28 $0.00 $100.01 $18,510.01
25 $18,510.01 $722.28 $0.00 $104.66 $19,336.95
26 $19,336.95 $722.28 $0.00 $109.33 $20,168.56
27 $20,168.56 $722.28 $0.00 $114.04 $21,004.88
28 $21,004.88 $722.28 $0.00 $118.76 $21,845.92
29 $21,845.92 $722.28 $0.00 $123.52 $22,691.72
30 $22,691.72 $722.28 $0.00 $128.30 $23,542.30
31 $23,542.30 $722.28 $0.00 $133.11 $24,397.69
32 $24,397.69 $722.28 $0.00 $137.95 $25,257.92
33 $25,257.92 $722.28 $0.00 $142.81 $26,123.01
34 $26,123.01 $722.28 $0.00 $147.70 $26,992.99
35 $26,992.99 $722.28 $0.00 $152.62 $27,867.89
36 $27,867.89 $722.28 $0.00 $157.57 $28,747.74
37 $28,747.74 $722.28 $0.00 $162.54 $29,632.56
38 $29,632.56 $722.28 $0.00 $167.55 $30,522.39
39 $30,522.39 $722.28 $0.00 $172.58 $31,417.25
40 $31,417.25 $722.28 $0.00 $177.64 $32,317.17
41 $32,317.17 $722.28 $0.00 $182.73 $33,222.18
42 $33,222.18 $722.28 $0.00 $187.84 $34,132.30
43 $34,132.30 $722.28 $0.00 $192.99 $35,047.57
44 $35,047.57 $722.28 $0.00 $198.16 $35,968.01
45 $35,968.01 $722.28 $0.00 $203.37 $36,893.66
46 $36,893.66 $722.28 $0.00 $208.60 $37,824.54
47 $37,824.54 $722.28 $0.00 $213.87 $38,760.69
48 $38,760.69 $722.28 $0.00 $219.16 $39,702.13
49 $39,702.13 $722.28 $0.00 $224.48 $40,648.89
50 $40,648.89 $722.28 $0.00 $229.83 $41,601.00
51 $41,601.00 $722.28 $0.00 $235.22 $42,558.50
52 $42,558.50 $722.28 $0.00 $240.63 $43,521.41
53 $43,521.41 $722.28 $0.00 $246.08 $44,489.77
54 $44,489.77 $722.28 $0.00 $251.55 $45,463.60
55 $45,463.60 $722.28 $0.00 $257.06 $46,442.94
56 $46,442.94 $722.28 $0.00 $262.60 $47,427.82
57 $47,427.82 $722.28 $0.00 $268.16 $48,418.26
58 $48,418.26 $722.28 $0.00 $273.76 $49,414.30
59 $49,414.30 $722.28 $0.00 $279.40 $50,415.98
60 $50,415.98 $722.28 $0.00 $285.06 $51,423.32
61 $51,423.32 $722.28 $0.00 $290.75 $52,436.35
62 $52,436.35 $722.28 $0.00 $296.48 $53,455.11
63 $53,455.11 $722.28 $0.00 $302.24 $54,479.63
64 $54,479.63 $722.28 $0.00 $308.04 $55,509.95
65 $55,509.95 $722.28 $0.00 $313.86 $56,546.09
66 $56,546.09 $722.28 $0.00 $319.72 $57,588.09
67 $57,588.09 $722.28 $0.00 $325.61 $58,635.98
68 $58,635.98 $722.28 $0.00 $331.54 $59,689.80
69 $59,689.80 $722.28 $0.00 $337.49 $60,749.57
70 $60,749.57 $722.28 $0.00 $343.49 $61,815.34
71 $61,815.34 $722.28 $0.00 $349.51 $62,887.13
72 $62,887.13 $722.28 $0.00 $355.57 $63,964.98
73 $63,964.98 $722.28 $0.00 $361.67 $65,048.93
74 $65,048.93 $722.28 $0.00 $367.80 $66,139.01
75 $66,139.01 $722.28 $0.00 $373.96 $67,235.25
76 $67,235.25 $722.28 $0.00 $380.16 $68,337.69
77 $68,337.69 $722.28 $0.00 $386.39 $69,446.36
78 $69,446.36 $722.28 $0.00 $392.66 $70,561.30
79 $70,561.30 $722.28 $0.00 $398.96 $71,682.54
80 $71,682.54 $722.28 $0.00 $405.30 $72,810.12
81 $72,810.12 $722.28 $0.00 $411.68 $73,944.08
82 $73,944.08 $722.28 $0.00 $418.09 $75,084.45
83 $75,084.45 $722.28 $0.00 $424.54 $76,231.27
84 $76,231.27 $722.28 $0.00 $431.02 $77,384.57
85 $77,384.57 $722.28 $0.00 $437.54 $78,544.39
86 $78,544.39 $722.28 $0.00 $444.10 $79,710.77
87 $79,710.77 $722.28 $0.00 $450.70 $80,883.75
88 $80,883.75 $722.28 $0.00 $457.33 $82,063.36
89 $82,063.36 $722.28 $0.00 $464.00 $83,249.64
90 $83,249.64 $722.28 $0.00 $470.71 $84,442.63
91 $84,442.63 $722.28 $0.00 $477.45 $85,642.36
92 $85,642.36 $722.28 $0.00 $484.23 $86,848.87
93 $86,848.87 $722.28 $0.00 $491.06 $88,062.21
94 $88,062.21 $722.28 $0.00 $497.92 $89,282.41
95 $89,282.41 $722.28 $0.00 $504.82 $90,509.51
96 $90,509.51 $722.28 $0.00 $511.75 $91,743.54
97 $91,743.54 $722.28 $0.00 $518.73 $92,984.55
98 $92,984.55 $722.28 $0.00 $525.75 $94,232.58
99 $94,232.58 $722.28 $0.00 $532.80 $95,487.66
100 $95,487.66 $722.28 $0.00 $539.90 $96,749.84
101 $96,749.84 $722.28 $0.00 $547.04 $98,019.16
102 $98,019.16 $722.28 $0.00 $554.21 $99,295.65
103 $99,295.65 $722.28 $0.00 $561.43 $100,579.36
104 $100,579.36 $722.28 $0.00 $568.69 $101,870.33
105 $101,870.33 $722.28 $0.00 $575.99 $103,168.60
106 $103,168.60 $722.28 $0.00 $583.33 $104,474.21
107 $104,474.21 $722.28 $0.00 $590.71 $105,787.20
108 $105,787.20 $722.28 $0.00 $598.14 $107,107.62
109 $107,107.62 $722.28 $0.00 $605.60 $108,435.50
110 $108,435.50 $722.28 $0.00 $613.11 $109,770.89
111 $109,770.89 $722.28 $0.00 $620.66 $111,113.83
112 $111,113.83 $722.28 $0.00 $628.25 $112,464.36
113 $112,464.36 $722.28 $0.00 $635.89 $113,822.53
114 $113,822.53 $722.28 $0.00 $643.57 $115,188.38
115 $115,188.38 $722.28 $0.00 $651.29 $116,561.95
116 $116,561.95 $722.28 $0.00 $659.06 $117,943.29
117 $117,943.29 $722.28 $0.00 $666.87 $119,332.44
118 $119,332.44 $722.28 $0.00 $674.72 $120,729.44
119 $120,729.44 $722.28 $0.00 $682.62 $122,134.34
120 $122,134.34 $722.28 $0.00 $690.57 $123,547.19
121 $123,547.19 $722.28 $0.00 $698.55 $124,968.02
122 $124,968.02 $722.28 $0.00 $706.59 $126,396.89
123 $126,396.89 $722.28 $0.00 $714.67 $127,833.84
124 $127,833.84 $722.28 $0.00 $722.79 $129,278.91
125 $129,278.91 $722.28 $0.00 $730.96 $130,732.15
126 $130,732.15 $722.28 $0.00 $739.18 $132,193.61
127 $132,193.61 $722.28 $0.00 $747.44 $133,663.33
128 $133,663.33 $722.28 $0.00 $755.75 $135,141.36
129 $135,141.36 $722.28 $0.00 $764.11 $136,627.75
130 $136,627.75 $722.28 $0.00 $772.51 $138,122.54
131 $138,122.54 $722.28 $0.00 $780.96 $139,625.78
132 $139,625.78 $722.28 $0.00 $789.46 $141,137.52
133 $141,137.52 $722.28 $0.00 $798.01 $142,657.81
134 $142,657.81 $722.28 $0.00 $806.61 $144,186.70
135 $144,186.70 $722.28 $0.00 $815.25 $145,724.23
136 $145,724.23 $722.28 $0.00 $823.95 $147,270.46
137 $147,270.46 $722.28 $0.00 $832.69 $148,825.43
138 $148,825.43 $722.28 $0.00 $841.48 $150,389.19
139 $150,389.19 $722.28 $0.00 $850.32 $151,961.79
140 $151,961.79 $722.28 $0.00 $859.21 $153,543.28
141 $153,543.28 $722.28 $0.00 $868.16 $155,133.72
142 $155,133.72 $722.28 $0.00 $877.15 $156,733.15
143 $156,733.15 $722.28 $0.00 $886.19 $158,341.62
144 $158,341.62 $722.28 $0.00 $895.29 $159,959.19
145 $159,959.19 $722.28 $0.00 $904.43 $161,585.90
146 $161,585.90 $722.28 $0.00 $913.63 $163,221.81
147 $163,221.81 $722.28 $0.00 $922.88 $164,866.97
148 $164,866.97 $722.28 $0.00 $932.18 $166,521.43
149 $166,521.43 $722.28 $0.00 $941.54 $168,185.25
150 $168,185.25 $722.28 $0.00 $950.94 $169,858.47
151 $169,858.47 $722.28 $0.00 $960.40 $171,541.15
152 $171,541.15 $722.28 $0.00 $969.92 $173,233.35
153 $173,233.35 $722.28 $0.00 $979.49 $174,935.12
154 $174,935.12 $722.28 $0.00 $989.11 $176,646.51
155 $176,646.51 $722.28 $0.00 $998.79 $178,367.58
156 $178,367.58 $722.28 $0.00 $1,008.52 $180,098.38
157 $180,098.38 $722.28 $0.00 $1,018.30 $181,838.96
158 $181,838.96 $722.28 $0.00 $1,028.14 $183,589.38
159 $183,589.38 $722.28 $0.00 $1,038.04 $185,349.70
160 $185,349.70 $722.28 $0.00 $1,047.99 $187,119.97
161 $187,119.97 $722.28 $0.00 $1,058.00 $188,900.25
162 $188,900.25 $722.28 $0.00 $1,068.07 $190,690.60
163 $190,690.60 $722.28 $0.00 $1,078.19 $192,491.07
164 $192,491.07 $722.28 $0.00 $1,088.37 $194,301.72
165 $194,301.72 $722.28 $0.00 $1,098.61 $196,122.61
166 $196,122.61 $722.28 $0.00 $1,108.91 $197,953.80
167 $197,953.80 $722.28 $0.00 $1,119.26 $199,795.34
168 $199,795.34 $722.28 $0.00 $1,129.67 $201,647.29
169 $201,647.29 $722.28 $0.00 $1,140.14 $203,509.71
170 $203,509.71 $722.28 $0.00 $1,150.67 $205,382.66
171 $205,382.66 $722.28 $0.00 $1,161.26 $207,266.20
172 $207,266.20 $722.28 $0.00 $1,171.91 $209,160.39
173 $209,160.39 $722.28 $0.00 $1,182.62 $211,065.29
174 $211,065.29 $722.28 $0.00 $1,193.39 $212,980.96
175 $212,980.96 $722.28 $0.00 $1,204.23 $214,907.47
176 $214,907.47 $722.28 $0.00 $1,215.12 $216,844.87
177 $216,844.87 $722.28 $0.00 $1,226.07 $218,793.22
178 $218,793.22 $722.28 $0.00 $1,237.09 $220,752.59
179 $220,752.59 $722.28 $0.00 $1,248.17 $222,723.04
180 $222,723.04 $722.28 $0.00 $1,259.31 $224,704.63
181 $224,704.63 $722.28 $0.00 $1,270.51 $226,697.42
182 $226,697.42 $722.28 $0.00 $1,281.78 $228,701.48
183 $228,701.48 $722.28 $0.00 $1,293.11 $230,716.87
184 $230,716.87 $722.28 $0.00 $1,304.51 $232,743.66
185 $232,743.66 $722.28 $0.00 $1,315.97 $234,781.91
186 $234,781.91 $722.28 $0.00 $1,327.49 $236,831.68
187 $236,831.68 $722.28 $0.00 $1,339.08 $238,893.04
188 $238,893.04 $722.28 $0.00 $1,350.74 $240,966.06
189 $240,966.06 $722.28 $0.00 $1,362.46 $243,050.80
190 $243,050.80 $722.28 $0.00 $1,374.24 $245,147.32
191 $245,147.32 $722.28 $0.00 $1,386.10 $247,255.70
192 $247,255.70 $722.28 $0.00 $1,398.02 $249,376.00
193 $249,376.00 $722.28 $0.00 $1,410.01 $251,508.29
194 $251,508.29 $722.28 $0.00 $1,422.06 $253,652.63
195 $253,652.63 $722.28 $0.00 $1,434.19 $255,809.10
196 $255,809.10 $722.28 $0.00 $1,446.38 $257,977.76
197 $257,977.76 $722.28 $0.00 $1,458.64 $260,158.68
198 $260,158.68 $722.28 $0.00 $1,470.98 $262,351.94
199 $262,351.94 $722.28 $0.00 $1,483.38 $264,557.60
200 $264,557.60 $722.28 $0.00 $1,495.85 $266,775.73
201 $266,775.73 $722.28 $0.00 $1,508.39 $269,006.40
202 $269,006.40 $722.28 $0.00 $1,521.00 $271,249.68
203 $271,249.68 $722.28 $0.00 $1,533.69 $273,505.65
204 $273,505.65 $722.28 $0.00 $1,546.44 $275,774.37
205 $275,774.37 $722.28 $0.00 $1,559.27 $278,055.92
206 $278,055.92 $722.28 $0.00 $1,572.17 $280,350.37
207 $280,350.37 $722.28 $0.00 $1,585.14 $282,657.79
208 $282,657.79 $722.28 $0.00 $1,598.19 $284,978.26
209 $284,978.26 $722.28 $0.00 $1,611.31 $287,311.85
210 $287,311.85 $722.28 $0.00 $1,624.50 $289,658.63
211 $289,658.63 $722.28 $0.00 $1,637.77 $292,018.68
212 $292,018.68 $722.28 $0.00 $1,651.12 $294,392.08
213 $294,392.08 $722.28 $0.00 $1,664.54 $296,778.90
214 $296,778.90 $722.28 $0.00 $1,678.03 $299,179.21
215 $299,179.21 $722.28 $0.00 $1,691.60 $301,593.09
216 $301,593.09 $722.28 $0.00 $1,705.25 $304,020.62
217 $304,020.62 $722.28 $84,679.30 $1,718.98 $221,782.58
218 $221,782.58 $722.28 $0.00 $1,253.99 $223,758.85
219 $223,758.85 $722.28 $0.00 $1,265.17 $225,746.30
220 $225,746.30 $722.28 $0.00 $1,276.40 $227,744.98
221 $227,744.98 $722.28 $0.00 $1,287.70 $229,754.96
222 $229,754.96 $722.28 $0.00 $1,299.07 $231,776.31
223 $231,776.31 $722.28 $0.00 $1,310.50 $233,809.09
224 $233,809.09 $722.28 $0.00 $1,321.99 $235,853.36
225 $235,853.36 $722.28 $0.00 $1,333.55 $237,909.19
226 $237,909.19 $722.28 $0.00 $1,345.17 $239,976.64
227 $239,976.64 $722.28 $0.00 $1,356.86 $242,055.78
228 $242,055.78 $722.28 $0.00 $1,368.62 $244,146.68
229 $244,146.68 $722.28 $88,913.27 $1,380.44 $157,336.13
230 $157,336.13 $722.28 $0.00 $889.60 $158,948.01
231 $158,948.01 $722.28 $0.00 $898.72 $160,569.01
232 $160,569.01 $722.28 $0.00 $907.88 $162,199.17
233 $162,199.17 $722.28 $0.00 $917.10 $163,838.55
234 $163,838.55 $722.28 $0.00 $926.37 $165,487.20
235 $165,487.20 $722.28 $0.00 $935.69 $167,145.17
236 $167,145.17 $722.28 $0.00 $945.06 $168,812.51
237 $168,812.51 $722.28 $0.00 $954.49 $170,489.28
238 $170,489.28 $722.28 $0.00 $963.97 $172,175.53
239 $172,175.53 $722.28 $0.00 $973.51 $173,871.32
240 $173,871.32 $722.28 $0.00 $983.09 $175,576.69
241 $175,576.69 $722.28 $93,358.93 $992.74 $83,932.78
242 $83,932.78 $722.28 $0.00 $474.57 $85,129.63
243 $85,129.63 $722.28 $0.00 $481.34 $86,333.25
244 $86,333.25 $722.28 $0.00 $488.14 $87,543.67
245 $87,543.67 $722.28 $0.00 $494.98 $88,760.93
246 $88,760.93 $722.28 $0.00 $501.87 $89,985.08
247 $89,985.08 $722.28 $0.00 $508.79 $91,216.15
248 $91,216.15 $722.28 $0.00 $515.75 $92,454.18
249 $92,454.18 $722.28 $0.00 $522.75 $93,699.21
250 $93,699.21 $722.28 $0.00 $529.79 $94,951.28
251 $94,951.28 $722.28 $0.00 $536.87 $96,210.43
252 $96,210.43 $722.28 $0.00 $543.99 $97,476.70
253 $97,476.70 $0.00 $98,026.88 $551.15 $0.97