Savings Plan and Future Cost Estimation for William Paterson University of New Jersey

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$122,020
Monthly savings required$964

How much will it cost to send your child to William Paterson University of New Jersey in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $488,078.13 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $964.35 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$32,524.00
Years until enrollment18
Annual Tuition Increase7%
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 $964.35 $0.00 $0.00 $964.35
2 $964.35 $964.35 $0.00 $5.45 $1,934.15
3 $1,934.15 $964.35 $0.00 $10.94 $2,909.44
4 $2,909.44 $964.35 $0.00 $16.45 $3,890.24
5 $3,890.24 $964.35 $0.00 $22.00 $4,876.59
6 $4,876.59 $964.35 $0.00 $27.57 $5,868.51
7 $5,868.51 $964.35 $0.00 $33.18 $6,866.04
8 $6,866.04 $964.35 $0.00 $38.82 $7,869.21
9 $7,869.21 $964.35 $0.00 $44.49 $8,878.05
10 $8,878.05 $964.35 $0.00 $50.20 $9,892.60
11 $9,892.60 $964.35 $0.00 $55.93 $10,912.88
12 $10,912.88 $964.35 $0.00 $61.70 $11,938.93
13 $11,938.93 $964.35 $0.00 $67.50 $12,970.78
14 $12,970.78 $964.35 $0.00 $73.34 $14,008.47
15 $14,008.47 $964.35 $0.00 $79.21 $15,052.03
16 $15,052.03 $964.35 $0.00 $85.11 $16,101.49
17 $16,101.49 $964.35 $0.00 $91.04 $17,156.88
18 $17,156.88 $964.35 $0.00 $97.01 $18,218.24
19 $18,218.24 $964.35 $0.00 $103.01 $19,285.60
20 $19,285.60 $964.35 $0.00 $109.04 $20,358.99
21 $20,358.99 $964.35 $0.00 $115.11 $21,438.45
22 $21,438.45 $964.35 $0.00 $121.22 $22,524.02
23 $22,524.02 $964.35 $0.00 $127.35 $23,615.72
24 $23,615.72 $964.35 $0.00 $133.53 $24,713.60
25 $24,713.60 $964.35 $0.00 $139.73 $25,817.68
26 $25,817.68 $964.35 $0.00 $145.98 $26,928.01
27 $26,928.01 $964.35 $0.00 $152.25 $28,044.61
28 $28,044.61 $964.35 $0.00 $158.57 $29,167.53
29 $29,167.53 $964.35 $0.00 $164.92 $30,296.80
30 $30,296.80 $964.35 $0.00 $171.30 $31,432.45
31 $31,432.45 $964.35 $0.00 $177.72 $32,574.52
32 $32,574.52 $964.35 $0.00 $184.18 $33,723.05
33 $33,723.05 $964.35 $0.00 $190.68 $34,878.08
34 $34,878.08 $964.35 $0.00 $197.21 $36,039.64
35 $36,039.64 $964.35 $0.00 $203.77 $37,207.76
36 $37,207.76 $964.35 $0.00 $210.38 $38,382.49
37 $38,382.49 $964.35 $0.00 $217.02 $39,563.86
38 $39,563.86 $964.35 $0.00 $223.70 $40,751.91
39 $40,751.91 $964.35 $0.00 $230.42 $41,946.68
40 $41,946.68 $964.35 $0.00 $237.17 $43,148.20
41 $43,148.20 $964.35 $0.00 $243.97 $44,356.52
42 $44,356.52 $964.35 $0.00 $250.80 $45,571.67
43 $45,571.67 $964.35 $0.00 $257.67 $46,793.69
44 $46,793.69 $964.35 $0.00 $264.58 $48,022.62
45 $48,022.62 $964.35 $0.00 $271.53 $49,258.50
46 $49,258.50 $964.35 $0.00 $278.51 $50,501.36
47 $50,501.36 $964.35 $0.00 $285.54 $51,751.25
48 $51,751.25 $964.35 $0.00 $292.61 $53,008.21
49 $53,008.21 $964.35 $0.00 $299.72 $54,272.28
50 $54,272.28 $964.35 $0.00 $306.86 $55,543.49
51 $55,543.49 $964.35 $0.00 $314.05 $56,821.89
52 $56,821.89 $964.35 $0.00 $321.28 $58,107.52
53 $58,107.52 $964.35 $0.00 $328.55 $59,400.42
54 $59,400.42 $964.35 $0.00 $335.86 $60,700.63
55 $60,700.63 $964.35 $0.00 $343.21 $62,008.19
56 $62,008.19 $964.35 $0.00 $350.60 $63,323.14
57 $63,323.14 $964.35 $0.00 $358.04 $64,645.53
58 $64,645.53 $964.35 $0.00 $365.52 $65,975.40
59 $65,975.40 $964.35 $0.00 $373.03 $67,312.78
60 $67,312.78 $964.35 $0.00 $380.60 $68,657.73
61 $68,657.73 $964.35 $0.00 $388.20 $70,010.28
62 $70,010.28 $964.35 $0.00 $395.85 $71,370.48
63 $71,370.48 $964.35 $0.00 $403.54 $72,738.37
64 $72,738.37 $964.35 $0.00 $411.27 $74,113.99
65 $74,113.99 $964.35 $0.00 $419.05 $75,497.39
66 $75,497.39 $964.35 $0.00 $426.87 $76,888.61
67 $76,888.61 $964.35 $0.00 $434.74 $78,287.70
68 $78,287.70 $964.35 $0.00 $442.65 $79,694.70
69 $79,694.70 $964.35 $0.00 $450.61 $81,109.66
70 $81,109.66 $964.35 $0.00 $458.61 $82,532.62
71 $82,532.62 $964.35 $0.00 $466.65 $83,963.62
72 $83,963.62 $964.35 $0.00 $474.74 $85,402.71
73 $85,402.71 $964.35 $0.00 $482.88 $86,849.94
74 $86,849.94 $964.35 $0.00 $491.06 $88,305.35
75 $88,305.35 $964.35 $0.00 $499.29 $89,768.99
76 $89,768.99 $964.35 $0.00 $507.57 $91,240.91
77 $91,240.91 $964.35 $0.00 $515.89 $92,721.15
78 $92,721.15 $964.35 $0.00 $524.26 $94,209.76
79 $94,209.76 $964.35 $0.00 $532.68 $95,706.79
80 $95,706.79 $964.35 $0.00 $541.14 $97,212.28
81 $97,212.28 $964.35 $0.00 $549.65 $98,726.28
82 $98,726.28 $964.35 $0.00 $558.21 $100,248.84
83 $100,248.84 $964.35 $0.00 $566.82 $101,780.01
84 $101,780.01 $964.35 $0.00 $575.48 $103,319.84
85 $103,319.84 $964.35 $0.00 $584.19 $104,868.38
86 $104,868.38 $964.35 $0.00 $592.94 $106,425.67
87 $106,425.67 $964.35 $0.00 $601.75 $107,991.77
88 $107,991.77 $964.35 $0.00 $610.60 $109,566.72
89 $109,566.72 $964.35 $0.00 $619.51 $111,150.58
90 $111,150.58 $964.35 $0.00 $628.46 $112,743.39
91 $112,743.39 $964.35 $0.00 $637.47 $114,345.21
92 $114,345.21 $964.35 $0.00 $646.52 $115,956.08
93 $115,956.08 $964.35 $0.00 $655.63 $117,576.06
94 $117,576.06 $964.35 $0.00 $664.79 $119,205.20
95 $119,205.20 $964.35 $0.00 $674.00 $120,843.55
96 $120,843.55 $964.35 $0.00 $683.27 $122,491.17
97 $122,491.17 $964.35 $0.00 $692.58 $124,148.10
98 $124,148.10 $964.35 $0.00 $701.95 $125,814.40
99 $125,814.40 $964.35 $0.00 $711.37 $127,490.12
100 $127,490.12 $964.35 $0.00 $720.85 $129,175.32
101 $129,175.32 $964.35 $0.00 $730.38 $130,870.05
102 $130,870.05 $964.35 $0.00 $739.96 $132,574.36
103 $132,574.36 $964.35 $0.00 $749.59 $134,288.30
104 $134,288.30 $964.35 $0.00 $759.29 $136,011.94
105 $136,011.94 $964.35 $0.00 $769.03 $137,745.32
106 $137,745.32 $964.35 $0.00 $778.83 $139,488.50
107 $139,488.50 $964.35 $0.00 $788.69 $141,241.54
108 $141,241.54 $964.35 $0.00 $798.60 $143,004.49
109 $143,004.49 $964.35 $0.00 $808.57 $144,777.41
110 $144,777.41 $964.35 $0.00 $818.59 $146,560.35
111 $146,560.35 $964.35 $0.00 $828.67 $148,353.37
112 $148,353.37 $964.35 $0.00 $838.81 $150,156.53
113 $150,156.53 $964.35 $0.00 $849.01 $151,969.89
114 $151,969.89 $964.35 $0.00 $859.26 $153,793.50
115 $153,793.50 $964.35 $0.00 $869.57 $155,627.42
116 $155,627.42 $964.35 $0.00 $879.94 $157,471.71
117 $157,471.71 $964.35 $0.00 $890.37 $159,326.43
118 $159,326.43 $964.35 $0.00 $900.85 $161,191.63
119 $161,191.63 $964.35 $0.00 $911.40 $163,067.38
120 $163,067.38 $964.35 $0.00 $922.01 $164,953.74
121 $164,953.74 $964.35 $0.00 $932.67 $166,850.76
122 $166,850.76 $964.35 $0.00 $943.40 $168,758.51
123 $168,758.51 $964.35 $0.00 $954.19 $170,677.05
124 $170,677.05 $964.35 $0.00 $965.03 $172,606.43
125 $172,606.43 $964.35 $0.00 $975.94 $174,546.72
126 $174,546.72 $964.35 $0.00 $986.91 $176,497.98
127 $176,497.98 $964.35 $0.00 $997.95 $178,460.28
128 $178,460.28 $964.35 $0.00 $1,009.04 $180,433.67
129 $180,433.67 $964.35 $0.00 $1,020.20 $182,418.22
130 $182,418.22 $964.35 $0.00 $1,031.42 $184,413.99
131 $184,413.99 $964.35 $0.00 $1,042.70 $186,421.04
132 $186,421.04 $964.35 $0.00 $1,054.05 $188,439.44
133 $188,439.44 $964.35 $0.00 $1,065.46 $190,469.25
134 $190,469.25 $964.35 $0.00 $1,076.94 $192,510.54
135 $192,510.54 $964.35 $0.00 $1,088.48 $194,563.37
136 $194,563.37 $964.35 $0.00 $1,100.09 $196,627.81
137 $196,627.81 $964.35 $0.00 $1,111.76 $198,703.92
138 $198,703.92 $964.35 $0.00 $1,123.50 $200,791.77
139 $200,791.77 $964.35 $0.00 $1,135.31 $202,891.43
140 $202,891.43 $964.35 $0.00 $1,147.18 $205,002.96
141 $205,002.96 $964.35 $0.00 $1,159.12 $207,126.43
142 $207,126.43 $964.35 $0.00 $1,171.12 $209,261.90
143 $209,261.90 $964.35 $0.00 $1,183.20 $211,409.45
144 $211,409.45 $964.35 $0.00 $1,195.34 $213,569.14
145 $213,569.14 $964.35 $0.00 $1,207.55 $215,741.04
146 $215,741.04 $964.35 $0.00 $1,219.83 $217,925.22
147 $217,925.22 $964.35 $0.00 $1,232.18 $220,121.75
148 $220,121.75 $964.35 $0.00 $1,244.60 $222,330.70
149 $222,330.70 $964.35 $0.00 $1,257.09 $224,552.14
150 $224,552.14 $964.35 $0.00 $1,269.65 $226,786.14
151 $226,786.14 $964.35 $0.00 $1,282.28 $229,032.77
152 $229,032.77 $964.35 $0.00 $1,294.98 $231,292.10
153 $231,292.10 $964.35 $0.00 $1,307.76 $233,564.21
154 $233,564.21 $964.35 $0.00 $1,320.61 $235,849.17
155 $235,849.17 $964.35 $0.00 $1,333.53 $238,147.05
156 $238,147.05 $964.35 $0.00 $1,346.52 $240,457.92
157 $240,457.92 $964.35 $0.00 $1,359.58 $242,781.85
158 $242,781.85 $964.35 $0.00 $1,372.72 $245,118.92
159 $245,118.92 $964.35 $0.00 $1,385.94 $247,469.21
160 $247,469.21 $964.35 $0.00 $1,399.23 $249,832.79
161 $249,832.79 $964.35 $0.00 $1,412.59 $252,209.73
162 $252,209.73 $964.35 $0.00 $1,426.03 $254,600.11
163 $254,600.11 $964.35 $0.00 $1,439.55 $257,004.01
164 $257,004.01 $964.35 $0.00 $1,453.14 $259,421.50
165 $259,421.50 $964.35 $0.00 $1,466.81 $261,852.66
166 $261,852.66 $964.35 $0.00 $1,480.55 $264,297.56
167 $264,297.56 $964.35 $0.00 $1,494.38 $266,756.29
168 $266,756.29 $964.35 $0.00 $1,508.28 $269,228.92
169 $269,228.92 $964.35 $0.00 $1,522.26 $271,715.53
170 $271,715.53 $964.35 $0.00 $1,536.32 $274,216.20
171 $274,216.20 $964.35 $0.00 $1,550.46 $276,731.01
172 $276,731.01 $964.35 $0.00 $1,564.68 $279,260.04
173 $279,260.04 $964.35 $0.00 $1,578.98 $281,803.37
174 $281,803.37 $964.35 $0.00 $1,593.36 $284,361.08
175 $284,361.08 $964.35 $0.00 $1,607.82 $286,933.25
176 $286,933.25 $964.35 $0.00 $1,622.36 $289,519.96
177 $289,519.96 $964.35 $0.00 $1,636.99 $292,121.30
178 $292,121.30 $964.35 $0.00 $1,651.70 $294,737.35
179 $294,737.35 $964.35 $0.00 $1,666.49 $297,368.19
180 $297,368.19 $964.35 $0.00 $1,681.36 $300,013.90
181 $300,013.90 $964.35 $0.00 $1,696.32 $302,674.57
182 $302,674.57 $964.35 $0.00 $1,711.37 $305,350.29
183 $305,350.29 $964.35 $0.00 $1,726.49 $308,041.13
184 $308,041.13 $964.35 $0.00 $1,741.71 $310,747.19
185 $310,747.19 $964.35 $0.00 $1,757.01 $313,468.55
186 $313,468.55 $964.35 $0.00 $1,772.40 $316,205.30
187 $316,205.30 $964.35 $0.00 $1,787.87 $318,957.52
188 $318,957.52 $964.35 $0.00 $1,803.43 $321,725.30
189 $321,725.30 $964.35 $0.00 $1,819.08 $324,508.73
190 $324,508.73 $964.35 $0.00 $1,834.82 $327,307.90
191 $327,307.90 $964.35 $0.00 $1,850.65 $330,122.90
192 $330,122.90 $964.35 $0.00 $1,866.56 $332,953.81
193 $332,953.81 $964.35 $0.00 $1,882.57 $335,800.73
194 $335,800.73 $964.35 $0.00 $1,898.67 $338,663.75
195 $338,663.75 $964.35 $0.00 $1,914.85 $341,542.95
196 $341,542.95 $964.35 $0.00 $1,931.13 $344,438.43
197 $344,438.43 $964.35 $0.00 $1,947.50 $347,350.28
198 $347,350.28 $964.35 $0.00 $1,963.97 $350,278.60
199 $350,278.60 $964.35 $0.00 $1,980.53 $353,223.48
200 $353,223.48 $964.35 $0.00 $1,997.18 $356,185.01
201 $356,185.01 $964.35 $0.00 $2,013.92 $359,163.28
202 $359,163.28 $964.35 $0.00 $2,030.76 $362,158.39
203 $362,158.39 $964.35 $0.00 $2,047.70 $365,170.44
204 $365,170.44 $964.35 $0.00 $2,064.73 $368,199.52
205 $368,199.52 $964.35 $0.00 $2,081.85 $371,245.72
206 $371,245.72 $964.35 $0.00 $2,099.08 $374,309.15
207 $374,309.15 $964.35 $0.00 $2,116.40 $377,389.90
208 $377,389.90 $964.35 $0.00 $2,133.82 $380,488.07
209 $380,488.07 $964.35 $0.00 $2,151.33 $383,603.75
210 $383,603.75 $964.35 $0.00 $2,168.95 $386,737.05
211 $386,737.05 $964.35 $0.00 $2,186.67 $389,888.07
212 $389,888.07 $964.35 $0.00 $2,204.48 $393,056.90
213 $393,056.90 $964.35 $0.00 $2,222.40 $396,243.65
214 $396,243.65 $964.35 $0.00 $2,240.42 $399,448.42
215 $399,448.42 $964.35 $0.00 $2,258.54 $402,671.31
216 $402,671.31 $964.35 $0.00 $2,276.76 $405,912.42
217 $405,912.42 $964.35 $109,928.92 $2,295.09 $299,242.94
218 $299,242.94 $964.35 $0.00 $1,691.96 $301,899.25
219 $301,899.25 $964.35 $0.00 $1,706.98 $304,570.58
220 $304,570.58 $964.35 $0.00 $1,722.09 $307,257.02
221 $307,257.02 $964.35 $0.00 $1,737.28 $309,958.65
222 $309,958.65 $964.35 $0.00 $1,752.55 $312,675.55
223 $312,675.55 $964.35 $0.00 $1,767.91 $315,407.81
224 $315,407.81 $964.35 $0.00 $1,783.36 $318,155.52
225 $318,155.52 $964.35 $0.00 $1,798.90 $320,918.77
226 $320,918.77 $964.35 $0.00 $1,814.52 $323,697.64
227 $323,697.64 $964.35 $0.00 $1,830.23 $326,492.22
228 $326,492.22 $964.35 $0.00 $1,846.03 $329,302.60
229 $329,302.60 $964.35 $117,623.94 $1,861.92 $214,504.93
230 $214,504.93 $964.35 $0.00 $1,212.84 $216,682.12
231 $216,682.12 $964.35 $0.00 $1,225.15 $218,871.62
232 $218,871.62 $964.35 $0.00 $1,237.53 $221,073.50
233 $221,073.50 $964.35 $0.00 $1,249.98 $223,287.83
234 $223,287.83 $964.35 $0.00 $1,262.50 $225,514.68
235 $225,514.68 $964.35 $0.00 $1,275.09 $227,754.12
236 $227,754.12 $964.35 $0.00 $1,287.75 $230,006.22
237 $230,006.22 $964.35 $0.00 $1,300.49 $232,271.06
238 $232,271.06 $964.35 $0.00 $1,313.29 $234,548.70
239 $234,548.70 $964.35 $0.00 $1,326.17 $236,839.22
240 $236,839.22 $964.35 $0.00 $1,339.12 $239,142.69
241 $239,142.69 $964.35 $125,857.62 $1,352.15 $115,601.57
242 $115,601.57 $964.35 $0.00 $653.63 $117,219.55
243 $117,219.55 $964.35 $0.00 $662.78 $118,846.68
244 $118,846.68 $964.35 $0.00 $671.98 $120,483.01
245 $120,483.01 $964.35 $0.00 $681.23 $122,128.59
246 $122,128.59 $964.35 $0.00 $690.53 $123,783.47
247 $123,783.47 $964.35 $0.00 $699.89 $125,447.71
248 $125,447.71 $964.35 $0.00 $709.30 $127,121.36
249 $127,121.36 $964.35 $0.00 $718.76 $128,804.47
250 $128,804.47 $964.35 $0.00 $728.28 $130,497.10
251 $130,497.10 $964.35 $0.00 $737.85 $132,199.30
252 $132,199.30 $964.35 $0.00 $747.47 $133,911.12
253 $133,911.12 $0.00 $134,667.65 $757.15 $0.62