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

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$43,603
Monthly savings required$194

How much will it cost to send your child to University of New Mexico Taos Campus in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $87,205.77 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $193.79 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$17,676.00
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 $193.79 $0.00 $0.00 $193.79
2 $193.79 $193.79 $0.00 $1.10 $388.68
3 $388.68 $193.79 $0.00 $2.20 $584.67
4 $584.67 $193.79 $0.00 $3.31 $781.77
5 $781.77 $193.79 $0.00 $4.42 $979.98
6 $979.98 $193.79 $0.00 $5.54 $1,179.31
7 $1,179.31 $193.79 $0.00 $6.67 $1,379.77
8 $1,379.77 $193.79 $0.00 $7.80 $1,581.36
9 $1,581.36 $193.79 $0.00 $8.94 $1,784.09
10 $1,784.09 $193.79 $0.00 $10.09 $1,987.97
11 $1,987.97 $193.79 $0.00 $11.24 $2,193.00
12 $2,193.00 $193.79 $0.00 $12.40 $2,399.19
13 $2,399.19 $193.79 $0.00 $13.57 $2,606.55
14 $2,606.55 $193.79 $0.00 $14.74 $2,815.08
15 $2,815.08 $193.79 $0.00 $15.92 $3,024.79
16 $3,024.79 $193.79 $0.00 $17.10 $3,235.68
17 $3,235.68 $193.79 $0.00 $18.30 $3,447.77
18 $3,447.77 $193.79 $0.00 $19.49 $3,661.05
19 $3,661.05 $193.79 $0.00 $20.70 $3,875.54
20 $3,875.54 $193.79 $0.00 $21.91 $4,091.24
21 $4,091.24 $193.79 $0.00 $23.13 $4,308.16
22 $4,308.16 $193.79 $0.00 $24.36 $4,526.31
23 $4,526.31 $193.79 $0.00 $25.59 $4,745.69
24 $4,745.69 $193.79 $0.00 $26.83 $4,966.31
25 $4,966.31 $193.79 $0.00 $28.08 $5,188.18
26 $5,188.18 $193.79 $0.00 $29.33 $5,411.30
27 $5,411.30 $193.79 $0.00 $30.60 $5,635.69
28 $5,635.69 $193.79 $0.00 $31.87 $5,861.35
29 $5,861.35 $193.79 $0.00 $33.14 $6,088.28
30 $6,088.28 $193.79 $0.00 $34.42 $6,316.49
31 $6,316.49 $193.79 $0.00 $35.71 $6,545.99
32 $6,545.99 $193.79 $0.00 $37.01 $6,776.79
33 $6,776.79 $193.79 $0.00 $38.32 $7,008.90
34 $7,008.90 $193.79 $0.00 $39.63 $7,242.32
35 $7,242.32 $193.79 $0.00 $40.95 $7,477.06
36 $7,477.06 $193.79 $0.00 $42.28 $7,713.13
37 $7,713.13 $193.79 $0.00 $43.61 $7,950.53
38 $7,950.53 $193.79 $0.00 $44.95 $8,189.27
39 $8,189.27 $193.79 $0.00 $46.30 $8,429.36
40 $8,429.36 $193.79 $0.00 $47.66 $8,670.81
41 $8,670.81 $193.79 $0.00 $49.03 $8,913.63
42 $8,913.63 $193.79 $0.00 $50.40 $9,157.82
43 $9,157.82 $193.79 $0.00 $51.78 $9,403.39
44 $9,403.39 $193.79 $0.00 $53.17 $9,650.35
45 $9,650.35 $193.79 $0.00 $54.56 $9,898.70
46 $9,898.70 $193.79 $0.00 $55.97 $10,148.46
47 $10,148.46 $193.79 $0.00 $57.38 $10,399.63
48 $10,399.63 $193.79 $0.00 $58.80 $10,652.22
49 $10,652.22 $193.79 $0.00 $60.23 $10,906.24
50 $10,906.24 $193.79 $0.00 $61.67 $11,161.70
51 $11,161.70 $193.79 $0.00 $63.11 $11,418.60
52 $11,418.60 $193.79 $0.00 $64.56 $11,676.95
53 $11,676.95 $193.79 $0.00 $66.02 $11,936.76
54 $11,936.76 $193.79 $0.00 $67.49 $12,198.04
55 $12,198.04 $193.79 $0.00 $68.97 $12,460.80
56 $12,460.80 $193.79 $0.00 $70.46 $12,725.05
57 $12,725.05 $193.79 $0.00 $71.95 $12,990.79
58 $12,990.79 $193.79 $0.00 $73.45 $13,258.03
59 $13,258.03 $193.79 $0.00 $74.96 $13,526.78
60 $13,526.78 $193.79 $0.00 $76.48 $13,797.05
61 $13,797.05 $193.79 $0.00 $78.01 $14,068.85
62 $14,068.85 $193.79 $0.00 $79.55 $14,342.19
63 $14,342.19 $193.79 $0.00 $81.09 $14,617.07
64 $14,617.07 $193.79 $0.00 $82.65 $14,893.51
65 $14,893.51 $193.79 $0.00 $84.21 $15,171.51
66 $15,171.51 $193.79 $0.00 $85.78 $15,451.08
67 $15,451.08 $193.79 $0.00 $87.36 $15,732.23
68 $15,732.23 $193.79 $0.00 $88.95 $16,014.97
69 $16,014.97 $193.79 $0.00 $90.55 $16,299.31
70 $16,299.31 $193.79 $0.00 $92.16 $16,585.26
71 $16,585.26 $193.79 $0.00 $93.78 $16,872.83
72 $16,872.83 $193.79 $0.00 $95.40 $17,162.02
73 $17,162.02 $193.79 $0.00 $97.04 $17,452.85
74 $17,452.85 $193.79 $0.00 $98.68 $17,745.32
75 $17,745.32 $193.79 $0.00 $100.33 $18,039.44
76 $18,039.44 $193.79 $0.00 $102.00 $18,335.23
77 $18,335.23 $193.79 $0.00 $103.67 $18,632.69
78 $18,632.69 $193.79 $0.00 $105.35 $18,931.83
79 $18,931.83 $193.79 $0.00 $107.04 $19,232.66
80 $19,232.66 $193.79 $0.00 $108.74 $19,535.19
81 $19,535.19 $193.79 $0.00 $110.45 $19,839.43
82 $19,839.43 $193.79 $0.00 $112.18 $20,145.40
83 $20,145.40 $193.79 $0.00 $113.91 $20,453.10
84 $20,453.10 $193.79 $0.00 $115.64 $20,762.53
85 $20,762.53 $193.79 $0.00 $117.39 $21,073.71
86 $21,073.71 $193.79 $0.00 $119.15 $21,386.65
87 $21,386.65 $193.79 $0.00 $120.92 $21,701.36
88 $21,701.36 $193.79 $0.00 $122.70 $22,017.85
89 $22,017.85 $193.79 $0.00 $124.49 $22,336.13
90 $22,336.13 $193.79 $0.00 $126.29 $22,656.21
91 $22,656.21 $193.79 $0.00 $128.10 $22,978.10
92 $22,978.10 $193.79 $0.00 $129.92 $23,301.81
93 $23,301.81 $193.79 $0.00 $131.75 $23,627.35
94 $23,627.35 $193.79 $0.00 $133.59 $23,954.73
95 $23,954.73 $193.79 $0.00 $135.44 $24,283.96
96 $24,283.96 $193.79 $0.00 $137.31 $24,615.06
97 $24,615.06 $193.79 $0.00 $139.18 $24,948.03
98 $24,948.03 $193.79 $0.00 $141.06 $25,282.88
99 $25,282.88 $193.79 $0.00 $142.95 $25,619.62
100 $25,619.62 $193.79 $0.00 $144.86 $25,958.27
101 $25,958.27 $193.79 $0.00 $146.77 $26,298.83
102 $26,298.83 $193.79 $0.00 $148.70 $26,641.32
103 $26,641.32 $193.79 $0.00 $150.63 $26,985.74
104 $26,985.74 $193.79 $0.00 $152.58 $27,332.11
105 $27,332.11 $193.79 $0.00 $154.54 $27,680.44
106 $27,680.44 $193.79 $0.00 $156.51 $28,030.74
107 $28,030.74 $193.79 $0.00 $158.49 $28,383.02
108 $28,383.02 $193.79 $0.00 $160.48 $28,737.29
109 $28,737.29 $193.79 $0.00 $162.48 $29,093.56
110 $29,093.56 $193.79 $0.00 $164.50 $29,451.85
111 $29,451.85 $193.79 $0.00 $166.53 $29,812.17
112 $29,812.17 $193.79 $0.00 $168.56 $30,174.52
113 $30,174.52 $193.79 $0.00 $170.61 $30,538.92
114 $30,538.92 $193.79 $0.00 $172.67 $30,905.38
115 $30,905.38 $193.79 $0.00 $174.74 $31,273.91
116 $31,273.91 $193.79 $0.00 $176.83 $31,644.53
117 $31,644.53 $193.79 $0.00 $178.92 $32,017.24
118 $32,017.24 $193.79 $0.00 $181.03 $32,392.06
119 $32,392.06 $193.79 $0.00 $183.15 $32,769.00
120 $32,769.00 $193.79 $0.00 $185.28 $33,148.07
121 $33,148.07 $193.79 $0.00 $187.42 $33,529.28
122 $33,529.28 $193.79 $0.00 $189.58 $33,912.65
123 $33,912.65 $193.79 $0.00 $191.75 $34,298.19
124 $34,298.19 $193.79 $0.00 $193.93 $34,685.91
125 $34,685.91 $193.79 $0.00 $196.12 $35,075.82
126 $35,075.82 $193.79 $0.00 $198.32 $35,467.93
127 $35,467.93 $193.79 $0.00 $200.54 $35,862.26
128 $35,862.26 $193.79 $0.00 $202.77 $36,258.82
129 $36,258.82 $193.79 $0.00 $205.01 $36,657.62
130 $36,657.62 $193.79 $0.00 $207.27 $37,058.68
131 $37,058.68 $193.79 $0.00 $209.54 $37,462.01
132 $37,462.01 $193.79 $0.00 $211.82 $37,867.62
133 $37,867.62 $193.79 $0.00 $214.11 $38,275.52
134 $38,275.52 $193.79 $0.00 $216.42 $38,685.73
135 $38,685.73 $193.79 $0.00 $218.73 $39,098.25
136 $39,098.25 $193.79 $0.00 $221.07 $39,513.11
137 $39,513.11 $193.79 $0.00 $223.41 $39,930.31
138 $39,930.31 $193.79 $0.00 $225.77 $40,349.87
139 $40,349.87 $193.79 $0.00 $228.14 $40,771.80
140 $40,771.80 $193.79 $0.00 $230.53 $41,196.12
141 $41,196.12 $193.79 $0.00 $232.93 $41,622.84
142 $41,622.84 $193.79 $0.00 $235.34 $42,051.97
143 $42,051.97 $193.79 $0.00 $237.77 $42,483.53
144 $42,483.53 $193.79 $0.00 $240.21 $42,917.53
145 $42,917.53 $193.79 $0.00 $242.66 $43,353.98
146 $43,353.98 $193.79 $0.00 $245.13 $43,792.90
147 $43,792.90 $193.79 $0.00 $247.61 $44,234.30
148 $44,234.30 $193.79 $0.00 $250.11 $44,678.20
149 $44,678.20 $193.79 $0.00 $252.62 $45,124.61
150 $45,124.61 $193.79 $0.00 $255.14 $45,573.54
151 $45,573.54 $193.79 $0.00 $257.68 $46,025.01
152 $46,025.01 $193.79 $0.00 $260.23 $46,479.03
153 $46,479.03 $193.79 $0.00 $262.80 $46,935.62
154 $46,935.62 $193.79 $0.00 $265.38 $47,394.79
155 $47,394.79 $193.79 $0.00 $267.98 $47,856.56
156 $47,856.56 $193.79 $0.00 $270.59 $48,320.94
157 $48,320.94 $193.79 $0.00 $273.21 $48,787.94
158 $48,787.94 $193.79 $0.00 $275.85 $49,257.58
159 $49,257.58 $193.79 $0.00 $278.51 $49,729.88
160 $49,729.88 $193.79 $0.00 $281.18 $50,204.85
161 $50,204.85 $193.79 $0.00 $283.87 $50,682.51
162 $50,682.51 $193.79 $0.00 $286.57 $51,162.87
163 $51,162.87 $193.79 $0.00 $289.28 $51,645.94
164 $51,645.94 $193.79 $0.00 $292.01 $52,131.74
165 $52,131.74 $193.79 $0.00 $294.76 $52,620.29
166 $52,620.29 $193.79 $0.00 $297.52 $53,111.60
167 $53,111.60 $193.79 $0.00 $300.30 $53,605.69
168 $53,605.69 $193.79 $0.00 $303.09 $54,102.57
169 $54,102.57 $193.79 $0.00 $305.90 $54,602.26
170 $54,602.26 $193.79 $0.00 $308.73 $55,104.78
171 $55,104.78 $193.79 $0.00 $311.57 $55,610.14
172 $55,610.14 $193.79 $0.00 $314.43 $56,118.36
173 $56,118.36 $193.79 $0.00 $317.30 $56,629.45
174 $56,629.45 $193.79 $0.00 $320.19 $57,143.43
175 $57,143.43 $193.79 $0.00 $323.10 $57,660.32
176 $57,660.32 $193.79 $0.00 $326.02 $58,180.13
177 $58,180.13 $193.79 $0.00 $328.96 $58,702.88
178 $58,702.88 $193.79 $0.00 $331.91 $59,228.58
179 $59,228.58 $193.79 $0.00 $334.89 $59,757.26
180 $59,757.26 $193.79 $0.00 $337.88 $60,288.93
181 $60,288.93 $193.79 $0.00 $340.88 $60,823.60
182 $60,823.60 $193.79 $0.00 $343.91 $61,361.30
183 $61,361.30 $193.79 $0.00 $346.95 $61,902.04
184 $61,902.04 $193.79 $0.00 $350.00 $62,445.83
185 $62,445.83 $193.79 $0.00 $353.08 $62,992.70
186 $62,992.70 $193.79 $0.00 $356.17 $63,542.66
187 $63,542.66 $193.79 $0.00 $359.28 $64,095.73
188 $64,095.73 $193.79 $0.00 $362.41 $64,651.93
189 $64,651.93 $193.79 $0.00 $365.55 $65,211.27
190 $65,211.27 $193.79 $0.00 $368.71 $65,773.77
191 $65,773.77 $193.79 $0.00 $371.89 $66,339.45
192 $66,339.45 $193.79 $0.00 $375.09 $66,908.33
193 $66,908.33 $193.79 $0.00 $378.31 $67,480.43
194 $67,480.43 $193.79 $0.00 $381.54 $68,055.76
195 $68,055.76 $193.79 $0.00 $384.80 $68,634.35
196 $68,634.35 $193.79 $0.00 $388.07 $69,216.21
197 $69,216.21 $193.79 $0.00 $391.36 $69,801.36
198 $69,801.36 $193.79 $0.00 $394.67 $70,389.82
199 $70,389.82 $193.79 $0.00 $397.99 $70,981.60
200 $70,981.60 $193.79 $0.00 $401.34 $71,576.73
201 $71,576.73 $193.79 $0.00 $404.71 $72,175.23
202 $72,175.23 $193.79 $0.00 $408.09 $72,777.11
203 $72,777.11 $193.79 $0.00 $411.49 $73,382.39
204 $73,382.39 $193.79 $0.00 $414.91 $73,991.09
205 $73,991.09 $193.79 $0.00 $418.36 $74,603.24
206 $74,603.24 $193.79 $0.00 $421.82 $75,218.85
207 $75,218.85 $193.79 $0.00 $425.30 $75,837.94
208 $75,837.94 $193.79 $0.00 $428.80 $76,460.53
209 $76,460.53 $193.79 $0.00 $432.32 $77,086.64
210 $77,086.64 $193.79 $0.00 $435.86 $77,716.29
211 $77,716.29 $193.79 $0.00 $439.42 $78,349.50
212 $78,349.50 $193.79 $0.00 $443.00 $78,986.29
213 $78,986.29 $193.79 $0.00 $446.60 $79,626.68
214 $79,626.68 $193.79 $0.00 $450.22 $80,270.69
215 $80,270.69 $193.79 $0.00 $453.86 $80,918.34
216 $80,918.34 $193.79 $0.00 $457.52 $81,569.65
217 $81,569.65 $193.79 $42,539.40 $461.21 $39,685.25
218 $39,685.25 $193.79 $0.00 $224.39 $40,103.43
219 $40,103.43 $193.79 $0.00 $226.75 $40,523.97
220 $40,523.97 $193.79 $0.00 $229.13 $40,946.89
221 $40,946.89 $193.79 $0.00 $231.52 $41,372.20
222 $41,372.20 $193.79 $0.00 $233.92 $41,799.91
223 $41,799.91 $193.79 $0.00 $236.34 $42,230.04
224 $42,230.04 $193.79 $0.00 $238.77 $42,662.60
225 $42,662.60 $193.79 $0.00 $241.22 $43,097.61
226 $43,097.61 $193.79 $0.00 $243.68 $43,535.08
227 $43,535.08 $193.79 $0.00 $246.15 $43,975.02
228 $43,975.02 $193.79 $0.00 $248.64 $44,417.45
229 $44,417.45 $0.00 $44,666.37 $251.14 $2.22