Savings Plan and Future Cost Estimation for University of New Mexico Los Alamos Campus

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$43,642
Monthly savings required$194

How much will it cost to send your child to University of New Mexico Los Alamos Campus in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $87,284.71 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $193.97 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$17,692.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $193.97 $0.00 $0.00 $193.97
2 $193.97 $193.97 $0.00 $1.10 $389.04
3 $389.04 $193.97 $0.00 $2.20 $585.21
4 $585.21 $193.97 $0.00 $3.31 $782.49
5 $782.49 $193.97 $0.00 $4.42 $980.88
6 $980.88 $193.97 $0.00 $5.55 $1,180.40
7 $1,180.40 $193.97 $0.00 $6.67 $1,381.04
8 $1,381.04 $193.97 $0.00 $7.81 $1,582.82
9 $1,582.82 $193.97 $0.00 $8.95 $1,785.74
10 $1,785.74 $193.97 $0.00 $10.10 $1,989.81
11 $1,989.81 $193.97 $0.00 $11.25 $2,195.03
12 $2,195.03 $193.97 $0.00 $12.41 $2,401.41
13 $2,401.41 $193.97 $0.00 $13.58 $2,608.96
14 $2,608.96 $193.97 $0.00 $14.75 $2,817.68
15 $2,817.68 $193.97 $0.00 $15.93 $3,027.58
16 $3,027.58 $193.97 $0.00 $17.12 $3,238.67
17 $3,238.67 $193.97 $0.00 $18.31 $3,450.95
18 $3,450.95 $193.97 $0.00 $19.51 $3,664.43
19 $3,664.43 $193.97 $0.00 $20.72 $3,879.12
20 $3,879.12 $193.97 $0.00 $21.93 $4,095.02
21 $4,095.02 $193.97 $0.00 $23.15 $4,312.14
22 $4,312.14 $193.97 $0.00 $24.38 $4,530.49
23 $4,530.49 $193.97 $0.00 $25.62 $4,750.08
24 $4,750.08 $193.97 $0.00 $26.86 $4,970.91
25 $4,970.91 $193.97 $0.00 $28.11 $5,192.99
26 $5,192.99 $193.97 $0.00 $29.36 $5,416.32
27 $5,416.32 $193.97 $0.00 $30.62 $5,640.91
28 $5,640.91 $193.97 $0.00 $31.89 $5,866.77
29 $5,866.77 $193.97 $0.00 $33.17 $6,093.91
30 $6,093.91 $193.97 $0.00 $34.46 $6,322.34
31 $6,322.34 $193.97 $0.00 $35.75 $6,552.06
32 $6,552.06 $193.97 $0.00 $37.05 $6,783.08
33 $6,783.08 $193.97 $0.00 $38.35 $7,015.40
34 $7,015.40 $193.97 $0.00 $39.67 $7,249.04
35 $7,249.04 $193.97 $0.00 $40.99 $7,484.00
36 $7,484.00 $193.97 $0.00 $42.32 $7,720.29
37 $7,720.29 $193.97 $0.00 $43.65 $7,957.91
38 $7,957.91 $193.97 $0.00 $45.00 $8,196.88
39 $8,196.88 $193.97 $0.00 $46.35 $8,437.20
40 $8,437.20 $193.97 $0.00 $47.71 $8,678.88
41 $8,678.88 $193.97 $0.00 $49.07 $8,921.92
42 $8,921.92 $193.97 $0.00 $50.45 $9,166.34
43 $9,166.34 $193.97 $0.00 $51.83 $9,412.14
44 $9,412.14 $193.97 $0.00 $53.22 $9,659.33
45 $9,659.33 $193.97 $0.00 $54.62 $9,907.92
46 $9,907.92 $193.97 $0.00 $56.02 $10,157.91
47 $10,157.91 $193.97 $0.00 $57.43 $10,409.31
48 $10,409.31 $193.97 $0.00 $58.86 $10,662.14
49 $10,662.14 $193.97 $0.00 $60.29 $10,916.40
50 $10,916.40 $193.97 $0.00 $61.72 $11,172.09
51 $11,172.09 $193.97 $0.00 $63.17 $11,429.23
52 $11,429.23 $193.97 $0.00 $64.62 $11,687.82
53 $11,687.82 $193.97 $0.00 $66.08 $11,947.87
54 $11,947.87 $193.97 $0.00 $67.55 $12,209.39
55 $12,209.39 $193.97 $0.00 $69.03 $12,472.39
56 $12,472.39 $193.97 $0.00 $70.52 $12,736.88
57 $12,736.88 $193.97 $0.00 $72.02 $13,002.87
58 $13,002.87 $193.97 $0.00 $73.52 $13,270.36
59 $13,270.36 $193.97 $0.00 $75.03 $13,539.36
60 $13,539.36 $193.97 $0.00 $76.55 $13,809.88
61 $13,809.88 $193.97 $0.00 $78.08 $14,081.93
62 $14,081.93 $193.97 $0.00 $79.62 $14,355.52
63 $14,355.52 $193.97 $0.00 $81.17 $14,630.66
64 $14,630.66 $193.97 $0.00 $82.72 $14,907.35
65 $14,907.35 $193.97 $0.00 $84.29 $15,185.61
66 $15,185.61 $193.97 $0.00 $85.86 $15,465.44
67 $15,465.44 $193.97 $0.00 $87.44 $15,746.85
68 $15,746.85 $193.97 $0.00 $89.03 $16,029.85
69 $16,029.85 $193.97 $0.00 $90.64 $16,314.46
70 $16,314.46 $193.97 $0.00 $92.24 $16,600.67
71 $16,600.67 $193.97 $0.00 $93.86 $16,888.50
72 $16,888.50 $193.97 $0.00 $95.49 $17,177.96
73 $17,177.96 $193.97 $0.00 $97.13 $17,469.06
74 $17,469.06 $193.97 $0.00 $98.77 $17,761.80
75 $17,761.80 $193.97 $0.00 $100.43 $18,056.20
76 $18,056.20 $193.97 $0.00 $102.09 $18,352.26
77 $18,352.26 $193.97 $0.00 $103.77 $18,650.00
78 $18,650.00 $193.97 $0.00 $105.45 $18,949.42
79 $18,949.42 $193.97 $0.00 $107.14 $19,250.53
80 $19,250.53 $193.97 $0.00 $108.85 $19,553.35
81 $19,553.35 $193.97 $0.00 $110.56 $19,857.88
82 $19,857.88 $193.97 $0.00 $112.28 $20,164.13
83 $20,164.13 $193.97 $0.00 $114.01 $20,472.11
84 $20,472.11 $193.97 $0.00 $115.75 $20,781.83
85 $20,781.83 $193.97 $0.00 $117.50 $21,093.30
86 $21,093.30 $193.97 $0.00 $119.26 $21,406.53
87 $21,406.53 $193.97 $0.00 $121.04 $21,721.54
88 $21,721.54 $193.97 $0.00 $122.82 $22,038.33
89 $22,038.33 $193.97 $0.00 $124.61 $22,356.91
90 $22,356.91 $193.97 $0.00 $126.41 $22,677.29
91 $22,677.29 $193.97 $0.00 $128.22 $22,999.48
92 $22,999.48 $193.97 $0.00 $130.04 $23,323.49
93 $23,323.49 $193.97 $0.00 $131.87 $23,649.33
94 $23,649.33 $193.97 $0.00 $133.72 $23,977.02
95 $23,977.02 $193.97 $0.00 $135.57 $24,306.56
96 $24,306.56 $193.97 $0.00 $137.43 $24,637.96
97 $24,637.96 $193.97 $0.00 $139.31 $24,971.24
98 $24,971.24 $193.97 $0.00 $141.19 $25,306.40
99 $25,306.40 $193.97 $0.00 $143.09 $25,643.46
100 $25,643.46 $193.97 $0.00 $144.99 $25,982.42
101 $25,982.42 $193.97 $0.00 $146.91 $26,323.30
102 $26,323.30 $193.97 $0.00 $148.84 $26,666.11
103 $26,666.11 $193.97 $0.00 $150.77 $27,010.85
104 $27,010.85 $193.97 $0.00 $152.72 $27,357.54
105 $27,357.54 $193.97 $0.00 $154.68 $27,706.19
106 $27,706.19 $193.97 $0.00 $156.65 $28,056.81
107 $28,056.81 $193.97 $0.00 $158.64 $28,409.42
108 $28,409.42 $193.97 $0.00 $160.63 $28,764.02
109 $28,764.02 $193.97 $0.00 $162.64 $29,120.63
110 $29,120.63 $193.97 $0.00 $164.65 $29,479.25
111 $29,479.25 $193.97 $0.00 $166.68 $29,839.90
112 $29,839.90 $193.97 $0.00 $168.72 $30,202.59
113 $30,202.59 $193.97 $0.00 $170.77 $30,567.33
114 $30,567.33 $193.97 $0.00 $172.83 $30,934.13
115 $30,934.13 $193.97 $0.00 $174.91 $31,303.01
116 $31,303.01 $193.97 $0.00 $176.99 $31,673.97
117 $31,673.97 $193.97 $0.00 $179.09 $32,047.03
118 $32,047.03 $193.97 $0.00 $181.20 $32,422.20
119 $32,422.20 $193.97 $0.00 $183.32 $32,799.49
120 $32,799.49 $193.97 $0.00 $185.45 $33,178.91
121 $33,178.91 $193.97 $0.00 $187.60 $33,560.48
122 $33,560.48 $193.97 $0.00 $189.76 $33,944.21
123 $33,944.21 $193.97 $0.00 $191.93 $34,330.11
124 $34,330.11 $193.97 $0.00 $194.11 $34,718.19
125 $34,718.19 $193.97 $0.00 $196.30 $35,108.46
126 $35,108.46 $193.97 $0.00 $198.51 $35,500.94
127 $35,500.94 $193.97 $0.00 $200.73 $35,895.64
128 $35,895.64 $193.97 $0.00 $202.96 $36,292.57
129 $36,292.57 $193.97 $0.00 $205.20 $36,691.74
130 $36,691.74 $193.97 $0.00 $207.46 $37,093.17
131 $37,093.17 $193.97 $0.00 $209.73 $37,496.87
132 $37,496.87 $193.97 $0.00 $212.01 $37,902.85
133 $37,902.85 $193.97 $0.00 $214.31 $38,311.13
134 $38,311.13 $193.97 $0.00 $216.62 $38,721.72
135 $38,721.72 $193.97 $0.00 $218.94 $39,134.63
136 $39,134.63 $193.97 $0.00 $221.27 $39,549.87
137 $39,549.87 $193.97 $0.00 $223.62 $39,967.46
138 $39,967.46 $193.97 $0.00 $225.98 $40,387.41
139 $40,387.41 $193.97 $0.00 $228.36 $40,809.74
140 $40,809.74 $193.97 $0.00 $230.74 $41,234.45
141 $41,234.45 $193.97 $0.00 $233.15 $41,661.57
142 $41,661.57 $193.97 $0.00 $235.56 $42,091.10
143 $42,091.10 $193.97 $0.00 $237.99 $42,523.06
144 $42,523.06 $193.97 $0.00 $240.43 $42,957.46
145 $42,957.46 $193.97 $0.00 $242.89 $43,394.32
146 $43,394.32 $193.97 $0.00 $245.36 $43,833.65
147 $43,833.65 $193.97 $0.00 $247.84 $44,275.46
148 $44,275.46 $193.97 $0.00 $250.34 $44,719.77
149 $44,719.77 $193.97 $0.00 $252.85 $45,166.59
150 $45,166.59 $193.97 $0.00 $255.38 $45,615.94
151 $45,615.94 $193.97 $0.00 $257.92 $46,067.83
152 $46,067.83 $193.97 $0.00 $260.47 $46,522.27
153 $46,522.27 $193.97 $0.00 $263.04 $46,979.28
154 $46,979.28 $193.97 $0.00 $265.63 $47,438.88
155 $47,438.88 $193.97 $0.00 $268.23 $47,901.08
156 $47,901.08 $193.97 $0.00 $270.84 $48,365.89
157 $48,365.89 $193.97 $0.00 $273.47 $48,833.33
158 $48,833.33 $193.97 $0.00 $276.11 $49,303.41
159 $49,303.41 $193.97 $0.00 $278.77 $49,776.15
160 $49,776.15 $193.97 $0.00 $281.44 $50,251.56
161 $50,251.56 $193.97 $0.00 $284.13 $50,729.66
162 $50,729.66 $193.97 $0.00 $286.83 $51,210.46
163 $51,210.46 $193.97 $0.00 $289.55 $51,693.98
164 $51,693.98 $193.97 $0.00 $292.29 $52,180.24
165 $52,180.24 $193.97 $0.00 $295.03 $52,669.24
166 $52,669.24 $193.97 $0.00 $297.80 $53,161.01
167 $53,161.01 $193.97 $0.00 $300.58 $53,655.56
168 $53,655.56 $193.97 $0.00 $303.38 $54,152.91
169 $54,152.91 $193.97 $0.00 $306.19 $54,653.07
170 $54,653.07 $193.97 $0.00 $309.02 $55,156.06
171 $55,156.06 $193.97 $0.00 $311.86 $55,661.89
172 $55,661.89 $193.97 $0.00 $314.72 $56,170.58
173 $56,170.58 $193.97 $0.00 $317.60 $56,682.15
174 $56,682.15 $193.97 $0.00 $320.49 $57,196.61
175 $57,196.61 $193.97 $0.00 $323.40 $57,713.98
176 $57,713.98 $193.97 $0.00 $326.32 $58,234.27
177 $58,234.27 $193.97 $0.00 $329.27 $58,757.51
178 $58,757.51 $193.97 $0.00 $332.22 $59,283.70
179 $59,283.70 $193.97 $0.00 $335.20 $59,812.87
180 $59,812.87 $193.97 $0.00 $338.19 $60,345.03
181 $60,345.03 $193.97 $0.00 $341.20 $60,880.20
182 $60,880.20 $193.97 $0.00 $344.23 $61,418.40
183 $61,418.40 $193.97 $0.00 $347.27 $61,959.64
184 $61,959.64 $193.97 $0.00 $350.33 $62,503.94
185 $62,503.94 $193.97 $0.00 $353.41 $63,051.32
186 $63,051.32 $193.97 $0.00 $356.50 $63,601.79
187 $63,601.79 $193.97 $0.00 $359.61 $64,155.37
188 $64,155.37 $193.97 $0.00 $362.74 $64,712.08
189 $64,712.08 $193.97 $0.00 $365.89 $65,271.94
190 $65,271.94 $193.97 $0.00 $369.06 $65,834.97
191 $65,834.97 $193.97 $0.00 $372.24 $66,401.18
192 $66,401.18 $193.97 $0.00 $375.44 $66,970.59
193 $66,970.59 $193.97 $0.00 $378.66 $67,543.22
194 $67,543.22 $193.97 $0.00 $381.90 $68,119.09
195 $68,119.09 $193.97 $0.00 $385.16 $68,698.22
196 $68,698.22 $193.97 $0.00 $388.43 $69,280.62
197 $69,280.62 $193.97 $0.00 $391.72 $69,866.31
198 $69,866.31 $193.97 $0.00 $395.03 $70,455.31
199 $70,455.31 $193.97 $0.00 $398.36 $71,047.64
200 $71,047.64 $193.97 $0.00 $401.71 $71,643.32
201 $71,643.32 $193.97 $0.00 $405.08 $72,242.37
202 $72,242.37 $193.97 $0.00 $408.47 $72,844.81
203 $72,844.81 $193.97 $0.00 $411.88 $73,450.66
204 $73,450.66 $193.97 $0.00 $415.30 $74,059.93
205 $74,059.93 $193.97 $0.00 $418.75 $74,672.65
206 $74,672.65 $193.97 $0.00 $422.21 $75,288.83
207 $75,288.83 $193.97 $0.00 $425.69 $75,908.49
208 $75,908.49 $193.97 $0.00 $429.20 $76,531.66
209 $76,531.66 $193.97 $0.00 $432.72 $77,158.35
210 $77,158.35 $193.97 $0.00 $436.26 $77,788.58
211 $77,788.58 $193.97 $0.00 $439.83 $78,422.38
212 $78,422.38 $193.97 $0.00 $443.41 $79,059.76
213 $79,059.76 $193.97 $0.00 $447.02 $79,700.75
214 $79,700.75 $193.97 $0.00 $450.64 $80,345.36
215 $80,345.36 $193.97 $0.00 $454.28 $80,993.61
216 $80,993.61 $193.97 $0.00 $457.95 $81,645.53
217 $81,645.53 $193.97 $42,577.91 $461.64 $39,723.23
218 $39,723.23 $193.97 $0.00 $224.60 $40,141.80
219 $40,141.80 $193.97 $0.00 $226.97 $40,562.74
220 $40,562.74 $193.97 $0.00 $229.35 $40,986.06
221 $40,986.06 $193.97 $0.00 $231.74 $41,411.77
222 $41,411.77 $193.97 $0.00 $234.15 $41,839.89
223 $41,839.89 $193.97 $0.00 $236.57 $42,270.43
224 $42,270.43 $193.97 $0.00 $239.00 $42,703.40
225 $42,703.40 $193.97 $0.00 $241.45 $43,138.82
226 $43,138.82 $193.97 $0.00 $243.91 $43,576.70
227 $43,576.70 $193.97 $0.00 $246.39 $44,017.06
228 $44,017.06 $193.97 $0.00 $248.88 $44,459.91
229 $44,459.91 $0.00 $44,706.80 $251.38 $4.49