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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$55,443
Monthly savings required$439

How much will it cost to send your child to New Mexico State University Main Campus in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $221,771.10 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $438.87 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$21,380.00
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 $438.87 $0.00 $0.00 $438.87
2 $438.87 $438.87 $0.00 $2.48 $880.22
3 $880.22 $438.87 $0.00 $4.98 $1,324.07
4 $1,324.07 $438.87 $0.00 $7.49 $1,770.43
5 $1,770.43 $438.87 $0.00 $10.01 $2,219.31
6 $2,219.31 $438.87 $0.00 $12.55 $2,670.73
7 $2,670.73 $438.87 $0.00 $15.10 $3,124.70
8 $3,124.70 $438.87 $0.00 $17.67 $3,581.24
9 $3,581.24 $438.87 $0.00 $20.25 $4,040.36
10 $4,040.36 $438.87 $0.00 $22.84 $4,502.07
11 $4,502.07 $438.87 $0.00 $25.46 $4,966.40
12 $4,966.40 $438.87 $0.00 $28.08 $5,433.35
13 $5,433.35 $438.87 $0.00 $30.72 $5,902.94
14 $5,902.94 $438.87 $0.00 $33.38 $6,375.19
15 $6,375.19 $438.87 $0.00 $36.05 $6,850.11
16 $6,850.11 $438.87 $0.00 $38.73 $7,327.71
17 $7,327.71 $438.87 $0.00 $41.43 $7,808.01
18 $7,808.01 $438.87 $0.00 $44.15 $8,291.03
19 $8,291.03 $438.87 $0.00 $46.88 $8,776.78
20 $8,776.78 $438.87 $0.00 $49.63 $9,265.28
21 $9,265.28 $438.87 $0.00 $52.39 $9,756.54
22 $9,756.54 $438.87 $0.00 $55.16 $10,250.57
23 $10,250.57 $438.87 $0.00 $57.96 $10,747.40
24 $10,747.40 $438.87 $0.00 $60.77 $11,247.04
25 $11,247.04 $438.87 $0.00 $63.59 $11,749.50
26 $11,749.50 $438.87 $0.00 $66.43 $12,254.80
27 $12,254.80 $438.87 $0.00 $69.29 $12,762.96
28 $12,762.96 $438.87 $0.00 $72.16 $13,273.99
29 $13,273.99 $438.87 $0.00 $75.05 $13,787.91
30 $13,787.91 $438.87 $0.00 $77.96 $14,304.74
31 $14,304.74 $438.87 $0.00 $80.88 $14,824.49
32 $14,824.49 $438.87 $0.00 $83.82 $15,347.18
33 $15,347.18 $438.87 $0.00 $86.78 $15,872.83
34 $15,872.83 $438.87 $0.00 $89.75 $16,401.45
35 $16,401.45 $438.87 $0.00 $92.74 $16,933.06
36 $16,933.06 $438.87 $0.00 $95.74 $17,467.67
37 $17,467.67 $438.87 $0.00 $98.76 $18,005.30
38 $18,005.30 $438.87 $0.00 $101.80 $18,545.97
39 $18,545.97 $438.87 $0.00 $104.86 $19,089.70
40 $19,089.70 $438.87 $0.00 $107.94 $19,636.51
41 $19,636.51 $438.87 $0.00 $111.03 $20,186.41
42 $20,186.41 $438.87 $0.00 $114.14 $20,739.42
43 $20,739.42 $438.87 $0.00 $117.26 $21,295.55
44 $21,295.55 $438.87 $0.00 $120.41 $21,854.83
45 $21,854.83 $438.87 $0.00 $123.57 $22,417.27
46 $22,417.27 $438.87 $0.00 $126.75 $22,982.89
47 $22,982.89 $438.87 $0.00 $129.95 $23,551.71
48 $23,551.71 $438.87 $0.00 $133.16 $24,123.74
49 $24,123.74 $438.87 $0.00 $136.40 $24,699.01
50 $24,699.01 $438.87 $0.00 $139.65 $25,277.53
51 $25,277.53 $438.87 $0.00 $142.92 $25,859.32
52 $25,859.32 $438.87 $0.00 $146.21 $26,444.40
53 $26,444.40 $438.87 $0.00 $149.52 $27,032.79
54 $27,032.79 $438.87 $0.00 $152.85 $27,624.51
55 $27,624.51 $438.87 $0.00 $156.19 $28,219.57
56 $28,219.57 $438.87 $0.00 $159.56 $28,818.00
57 $28,818.00 $438.87 $0.00 $162.94 $29,419.81
58 $29,419.81 $438.87 $0.00 $166.34 $30,025.02
59 $30,025.02 $438.87 $0.00 $169.77 $30,633.66
60 $30,633.66 $438.87 $0.00 $173.21 $31,245.74
61 $31,245.74 $438.87 $0.00 $176.67 $31,861.28
62 $31,861.28 $438.87 $0.00 $180.15 $32,480.30
63 $32,480.30 $438.87 $0.00 $183.65 $33,102.82
64 $33,102.82 $438.87 $0.00 $187.17 $33,728.86
65 $33,728.86 $438.87 $0.00 $190.71 $34,358.44
66 $34,358.44 $438.87 $0.00 $194.27 $34,991.58
67 $34,991.58 $438.87 $0.00 $197.85 $35,628.30
68 $35,628.30 $438.87 $0.00 $201.45 $36,268.62
69 $36,268.62 $438.87 $0.00 $205.07 $36,912.56
70 $36,912.56 $438.87 $0.00 $208.71 $37,560.14
71 $37,560.14 $438.87 $0.00 $212.37 $38,211.38
72 $38,211.38 $438.87 $0.00 $216.05 $38,866.30
73 $38,866.30 $438.87 $0.00 $219.76 $39,524.93
74 $39,524.93 $438.87 $0.00 $223.48 $40,187.28
75 $40,187.28 $438.87 $0.00 $227.22 $40,853.37
76 $40,853.37 $438.87 $0.00 $230.99 $41,523.23
77 $41,523.23 $438.87 $0.00 $234.78 $42,196.88
78 $42,196.88 $438.87 $0.00 $238.59 $42,874.34
79 $42,874.34 $438.87 $0.00 $242.42 $43,555.63
80 $43,555.63 $438.87 $0.00 $246.27 $44,240.77
81 $44,240.77 $438.87 $0.00 $250.14 $44,929.78
82 $44,929.78 $438.87 $0.00 $254.04 $45,622.69
83 $45,622.69 $438.87 $0.00 $257.96 $46,319.52
84 $46,319.52 $438.87 $0.00 $261.90 $47,020.29
85 $47,020.29 $438.87 $0.00 $265.86 $47,725.02
86 $47,725.02 $438.87 $0.00 $269.84 $48,433.73
87 $48,433.73 $438.87 $0.00 $273.85 $49,146.45
88 $49,146.45 $438.87 $0.00 $277.88 $49,863.20
89 $49,863.20 $438.87 $0.00 $281.93 $50,584.00
90 $50,584.00 $438.87 $0.00 $286.01 $51,308.88
91 $51,308.88 $438.87 $0.00 $290.11 $52,037.86
92 $52,037.86 $438.87 $0.00 $294.23 $52,770.96
93 $52,770.96 $438.87 $0.00 $298.37 $53,508.20
94 $53,508.20 $438.87 $0.00 $302.54 $54,249.61
95 $54,249.61 $438.87 $0.00 $306.74 $54,995.22
96 $54,995.22 $438.87 $0.00 $310.95 $55,745.04
97 $55,745.04 $438.87 $0.00 $315.19 $56,499.10
98 $56,499.10 $438.87 $0.00 $319.45 $57,257.42
99 $57,257.42 $438.87 $0.00 $323.74 $58,020.03
100 $58,020.03 $438.87 $0.00 $328.05 $58,786.95
101 $58,786.95 $438.87 $0.00 $332.39 $59,558.21
102 $59,558.21 $438.87 $0.00 $336.75 $60,333.83
103 $60,333.83 $438.87 $0.00 $341.14 $61,113.84
104 $61,113.84 $438.87 $0.00 $345.55 $61,898.26
105 $61,898.26 $438.87 $0.00 $349.98 $62,687.11
106 $62,687.11 $438.87 $0.00 $354.44 $63,480.42
107 $63,480.42 $438.87 $0.00 $358.93 $64,278.22
108 $64,278.22 $438.87 $0.00 $363.44 $65,080.53
109 $65,080.53 $438.87 $0.00 $367.97 $65,887.37
110 $65,887.37 $438.87 $0.00 $372.54 $66,698.78
111 $66,698.78 $438.87 $0.00 $377.12 $67,514.77
112 $67,514.77 $438.87 $0.00 $381.74 $68,335.38
113 $68,335.38 $438.87 $0.00 $386.38 $69,160.63
114 $69,160.63 $438.87 $0.00 $391.04 $69,990.54
115 $69,990.54 $438.87 $0.00 $395.74 $70,825.15
116 $70,825.15 $438.87 $0.00 $400.46 $71,664.48
117 $71,664.48 $438.87 $0.00 $405.20 $72,508.55
118 $72,508.55 $438.87 $0.00 $409.97 $73,357.39
119 $73,357.39 $438.87 $0.00 $414.77 $74,211.03
120 $74,211.03 $438.87 $0.00 $419.60 $75,069.50
121 $75,069.50 $438.87 $0.00 $424.45 $75,932.82
122 $75,932.82 $438.87 $0.00 $429.34 $76,801.03
123 $76,801.03 $438.87 $0.00 $434.24 $77,674.14
124 $77,674.14 $438.87 $0.00 $439.18 $78,552.19
125 $78,552.19 $438.87 $0.00 $444.15 $79,435.21
126 $79,435.21 $438.87 $0.00 $449.14 $80,323.22
127 $80,323.22 $438.87 $0.00 $454.16 $81,216.25
128 $81,216.25 $438.87 $0.00 $459.21 $82,114.33
129 $82,114.33 $438.87 $0.00 $464.29 $83,017.49
130 $83,017.49 $438.87 $0.00 $469.39 $83,925.75
131 $83,925.75 $438.87 $0.00 $474.53 $84,839.15
132 $84,839.15 $438.87 $0.00 $479.69 $85,757.71
133 $85,757.71 $438.87 $0.00 $484.89 $86,681.47
134 $86,681.47 $438.87 $0.00 $490.11 $87,610.45
135 $87,610.45 $438.87 $0.00 $495.36 $88,544.68
136 $88,544.68 $438.87 $0.00 $500.64 $89,484.19
137 $89,484.19 $438.87 $0.00 $505.96 $90,429.02
138 $90,429.02 $438.87 $0.00 $511.30 $91,379.19
139 $91,379.19 $438.87 $0.00 $516.67 $92,334.73
140 $92,334.73 $438.87 $0.00 $522.07 $93,295.67
141 $93,295.67 $438.87 $0.00 $527.51 $94,262.05
142 $94,262.05 $438.87 $0.00 $532.97 $95,233.89
143 $95,233.89 $438.87 $0.00 $538.47 $96,211.23
144 $96,211.23 $438.87 $0.00 $543.99 $97,194.09
145 $97,194.09 $438.87 $0.00 $549.55 $98,182.51
146 $98,182.51 $438.87 $0.00 $555.14 $99,176.52
147 $99,176.52 $438.87 $0.00 $560.76 $100,176.15
148 $100,176.15 $438.87 $0.00 $566.41 $101,181.43
149 $101,181.43 $438.87 $0.00 $572.09 $102,192.39
150 $102,192.39 $438.87 $0.00 $577.81 $103,209.07
151 $103,209.07 $438.87 $0.00 $583.56 $104,231.50
152 $104,231.50 $438.87 $0.00 $589.34 $105,259.71
153 $105,259.71 $438.87 $0.00 $595.15 $106,293.73
154 $106,293.73 $438.87 $0.00 $601.00 $107,333.60
155 $107,333.60 $438.87 $0.00 $606.88 $108,379.35
156 $108,379.35 $438.87 $0.00 $612.79 $109,431.01
157 $109,431.01 $438.87 $0.00 $618.74 $110,488.62
158 $110,488.62 $438.87 $0.00 $624.72 $111,552.21
159 $111,552.21 $438.87 $0.00 $630.73 $112,621.81
160 $112,621.81 $438.87 $0.00 $636.78 $113,697.46
161 $113,697.46 $438.87 $0.00 $642.86 $114,779.19
162 $114,779.19 $438.87 $0.00 $648.98 $115,867.04
163 $115,867.04 $438.87 $0.00 $655.13 $116,961.04
164 $116,961.04 $438.87 $0.00 $661.31 $118,061.22
165 $118,061.22 $438.87 $0.00 $667.54 $119,167.63
166 $119,167.63 $438.87 $0.00 $673.79 $120,280.29
167 $120,280.29 $438.87 $0.00 $680.08 $121,399.24
168 $121,399.24 $438.87 $0.00 $686.41 $122,524.52
169 $122,524.52 $438.87 $0.00 $692.77 $123,656.16
170 $123,656.16 $438.87 $0.00 $699.17 $124,794.20
171 $124,794.20 $438.87 $0.00 $705.60 $125,938.67
172 $125,938.67 $438.87 $0.00 $712.08 $127,089.62
173 $127,089.62 $438.87 $0.00 $718.58 $128,247.07
174 $128,247.07 $438.87 $0.00 $725.13 $129,411.07
175 $129,411.07 $438.87 $0.00 $731.71 $130,581.65
176 $130,581.65 $438.87 $0.00 $738.33 $131,758.85
177 $131,758.85 $438.87 $0.00 $744.98 $132,942.70
178 $132,942.70 $438.87 $0.00 $751.68 $134,133.25
179 $134,133.25 $438.87 $0.00 $758.41 $135,330.53
180 $135,330.53 $438.87 $0.00 $765.18 $136,534.58
181 $136,534.58 $438.87 $0.00 $771.99 $137,745.44
182 $137,745.44 $438.87 $0.00 $778.83 $138,963.14
183 $138,963.14 $438.87 $0.00 $785.72 $140,187.73
184 $140,187.73 $438.87 $0.00 $792.64 $141,419.24
185 $141,419.24 $438.87 $0.00 $799.60 $142,657.71
186 $142,657.71 $438.87 $0.00 $806.61 $143,903.19
187 $143,903.19 $438.87 $0.00 $813.65 $145,155.71
188 $145,155.71 $438.87 $0.00 $820.73 $146,415.31
189 $146,415.31 $438.87 $0.00 $827.85 $147,682.03
190 $147,682.03 $438.87 $0.00 $835.02 $148,955.92
191 $148,955.92 $438.87 $0.00 $842.22 $150,237.01
192 $150,237.01 $438.87 $0.00 $849.46 $151,525.34
193 $151,525.34 $438.87 $0.00 $856.75 $152,820.96
194 $152,820.96 $438.87 $0.00 $864.07 $154,123.90
195 $154,123.90 $438.87 $0.00 $871.44 $155,434.21
196 $155,434.21 $438.87 $0.00 $878.85 $156,751.93
197 $156,751.93 $438.87 $0.00 $886.30 $158,077.10
198 $158,077.10 $438.87 $0.00 $893.79 $159,409.76
199 $159,409.76 $438.87 $0.00 $901.33 $160,749.96
200 $160,749.96 $438.87 $0.00 $908.90 $162,097.73
201 $162,097.73 $438.87 $0.00 $916.52 $163,453.12
202 $163,453.12 $438.87 $0.00 $924.19 $164,816.18
203 $164,816.18 $438.87 $0.00 $931.89 $166,186.94
204 $166,186.94 $438.87 $0.00 $939.65 $167,565.46
205 $167,565.46 $438.87 $0.00 $947.44 $168,951.77
206 $168,951.77 $438.87 $0.00 $955.28 $170,345.92
207 $170,345.92 $438.87 $0.00 $963.16 $171,747.95
208 $171,747.95 $438.87 $0.00 $971.09 $173,157.91
209 $173,157.91 $438.87 $0.00 $979.06 $174,575.84
210 $174,575.84 $438.87 $0.00 $987.08 $176,001.79
211 $176,001.79 $438.87 $0.00 $995.14 $177,435.80
212 $177,435.80 $438.87 $0.00 $1,003.25 $178,877.92
213 $178,877.92 $438.87 $0.00 $1,011.40 $180,328.19
214 $180,328.19 $438.87 $0.00 $1,019.60 $181,786.66
215 $181,786.66 $438.87 $0.00 $1,027.85 $183,253.38
216 $183,253.38 $438.87 $0.00 $1,036.14 $184,728.39
217 $184,728.39 $438.87 $51,453.52 $1,044.48 $134,758.22
218 $134,758.22 $438.87 $0.00 $761.94 $135,959.03
219 $135,959.03 $438.87 $0.00 $768.73 $137,166.63
220 $137,166.63 $438.87 $0.00 $775.56 $138,381.06
221 $138,381.06 $438.87 $0.00 $782.43 $139,602.36
222 $139,602.36 $438.87 $0.00 $789.33 $140,830.56
223 $140,830.56 $438.87 $0.00 $796.28 $142,065.71
224 $142,065.71 $438.87 $0.00 $803.26 $143,307.84
225 $143,307.84 $438.87 $0.00 $810.28 $144,556.99
226 $144,556.99 $438.87 $0.00 $817.35 $145,813.21
227 $145,813.21 $438.87 $0.00 $824.45 $147,076.53
228 $147,076.53 $438.87 $0.00 $831.59 $148,346.99
229 $148,346.99 $438.87 $54,026.20 $838.78 $95,598.44
230 $95,598.44 $438.87 $0.00 $540.53 $96,577.84
231 $96,577.84 $438.87 $0.00 $546.07 $97,562.78
232 $97,562.78 $438.87 $0.00 $551.63 $98,553.28
233 $98,553.28 $438.87 $0.00 $557.23 $99,549.38
234 $99,549.38 $438.87 $0.00 $562.87 $100,551.12
235 $100,551.12 $438.87 $0.00 $568.53 $101,558.52
236 $101,558.52 $438.87 $0.00 $574.23 $102,571.62
237 $102,571.62 $438.87 $0.00 $579.95 $103,590.44
238 $103,590.44 $438.87 $0.00 $585.72 $104,615.03
239 $104,615.03 $438.87 $0.00 $591.51 $105,645.41
240 $105,645.41 $438.87 $0.00 $597.33 $106,681.61
241 $106,681.61 $438.87 $56,727.50 $603.19 $50,996.17
242 $50,996.17 $438.87 $0.00 $288.34 $51,723.38
243 $51,723.38 $438.87 $0.00 $292.45 $52,454.70
244 $52,454.70 $438.87 $0.00 $296.59 $53,190.16
245 $53,190.16 $438.87 $0.00 $300.74 $53,929.77
246 $53,929.77 $438.87 $0.00 $304.93 $54,673.57
247 $54,673.57 $438.87 $0.00 $309.13 $55,421.57
248 $55,421.57 $438.87 $0.00 $313.36 $56,173.80
249 $56,173.80 $438.87 $0.00 $317.61 $56,930.28
250 $56,930.28 $438.87 $0.00 $321.89 $57,691.04
251 $57,691.04 $438.87 $0.00 $326.19 $58,456.10
252 $58,456.10 $438.87 $0.00 $330.52 $59,225.49
253 $59,225.49 $0.00 $59,563.88 $334.87 ($3.52)