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 2040$43,139
Monthly savings required$192

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 $86,278.26 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $191.73 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$17,488.00
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 $191.73 $0.00 $0.00 $191.73
2 $191.73 $191.73 $0.00 $1.08 $384.54
3 $384.54 $191.73 $0.00 $2.17 $578.44
4 $578.44 $191.73 $0.00 $3.27 $773.44
5 $773.44 $191.73 $0.00 $4.37 $969.54
6 $969.54 $191.73 $0.00 $5.48 $1,166.75
7 $1,166.75 $191.73 $0.00 $6.60 $1,365.08
8 $1,365.08 $191.73 $0.00 $7.72 $1,564.53
9 $1,564.53 $191.73 $0.00 $8.85 $1,765.11
10 $1,765.11 $191.73 $0.00 $9.98 $1,966.82
11 $1,966.82 $191.73 $0.00 $11.12 $2,169.67
12 $2,169.67 $191.73 $0.00 $12.27 $2,373.67
13 $2,373.67 $191.73 $0.00 $13.42 $2,578.82
14 $2,578.82 $191.73 $0.00 $14.58 $2,785.13
15 $2,785.13 $191.73 $0.00 $15.75 $2,992.61
16 $2,992.61 $191.73 $0.00 $16.92 $3,201.26
17 $3,201.26 $191.73 $0.00 $18.10 $3,411.09
18 $3,411.09 $191.73 $0.00 $19.29 $3,622.11
19 $3,622.11 $191.73 $0.00 $20.48 $3,834.32
20 $3,834.32 $191.73 $0.00 $21.68 $4,047.73
21 $4,047.73 $191.73 $0.00 $22.89 $4,262.35
22 $4,262.35 $191.73 $0.00 $24.10 $4,478.18
23 $4,478.18 $191.73 $0.00 $25.32 $4,695.23
24 $4,695.23 $191.73 $0.00 $26.55 $4,913.51
25 $4,913.51 $191.73 $0.00 $27.78 $5,133.02
26 $5,133.02 $191.73 $0.00 $29.02 $5,353.77
27 $5,353.77 $191.73 $0.00 $30.27 $5,575.77
28 $5,575.77 $191.73 $0.00 $31.53 $5,799.03
29 $5,799.03 $191.73 $0.00 $32.79 $6,023.55
30 $6,023.55 $191.73 $0.00 $34.06 $6,249.34
31 $6,249.34 $191.73 $0.00 $35.33 $6,476.40
32 $6,476.40 $191.73 $0.00 $36.62 $6,704.75
33 $6,704.75 $191.73 $0.00 $37.91 $6,934.39
34 $6,934.39 $191.73 $0.00 $39.21 $7,165.33
35 $7,165.33 $191.73 $0.00 $40.51 $7,397.57
36 $7,397.57 $191.73 $0.00 $41.83 $7,631.13
37 $7,631.13 $191.73 $0.00 $43.15 $7,866.01
38 $7,866.01 $191.73 $0.00 $44.48 $8,102.22
39 $8,102.22 $191.73 $0.00 $45.81 $8,339.76
40 $8,339.76 $191.73 $0.00 $47.15 $8,578.64
41 $8,578.64 $191.73 $0.00 $48.50 $8,818.87
42 $8,818.87 $191.73 $0.00 $49.86 $9,060.46
43 $9,060.46 $191.73 $0.00 $51.23 $9,303.42
44 $9,303.42 $191.73 $0.00 $52.60 $9,547.75
45 $9,547.75 $191.73 $0.00 $53.98 $9,793.46
46 $9,793.46 $191.73 $0.00 $55.37 $10,040.56
47 $10,040.56 $191.73 $0.00 $56.77 $10,289.06
48 $10,289.06 $191.73 $0.00 $58.18 $10,538.97
49 $10,538.97 $191.73 $0.00 $59.59 $10,790.29
50 $10,790.29 $191.73 $0.00 $61.01 $11,043.03
51 $11,043.03 $191.73 $0.00 $62.44 $11,297.20
52 $11,297.20 $191.73 $0.00 $63.88 $11,552.81
53 $11,552.81 $191.73 $0.00 $65.32 $11,809.86
54 $11,809.86 $191.73 $0.00 $66.77 $12,068.36
55 $12,068.36 $191.73 $0.00 $68.24 $12,328.33
56 $12,328.33 $191.73 $0.00 $69.71 $12,589.77
57 $12,589.77 $191.73 $0.00 $71.18 $12,852.68
58 $12,852.68 $191.73 $0.00 $72.67 $13,117.08
59 $13,117.08 $191.73 $0.00 $74.17 $13,382.98
60 $13,382.98 $191.73 $0.00 $75.67 $13,650.38
61 $13,650.38 $191.73 $0.00 $77.18 $13,919.29
62 $13,919.29 $191.73 $0.00 $78.70 $14,189.72
63 $14,189.72 $191.73 $0.00 $80.23 $14,461.68
64 $14,461.68 $191.73 $0.00 $81.77 $14,735.18
65 $14,735.18 $191.73 $0.00 $83.31 $15,010.22
66 $15,010.22 $191.73 $0.00 $84.87 $15,286.82
67 $15,286.82 $191.73 $0.00 $86.43 $15,564.98
68 $15,564.98 $191.73 $0.00 $88.01 $15,844.72
69 $15,844.72 $191.73 $0.00 $89.59 $16,126.04
70 $16,126.04 $191.73 $0.00 $91.18 $16,408.95
71 $16,408.95 $191.73 $0.00 $92.78 $16,693.46
72 $16,693.46 $191.73 $0.00 $94.39 $16,979.58
73 $16,979.58 $191.73 $0.00 $96.01 $17,267.32
74 $17,267.32 $191.73 $0.00 $97.63 $17,556.68
75 $17,556.68 $191.73 $0.00 $99.27 $17,847.68
76 $17,847.68 $191.73 $0.00 $100.91 $18,140.32
77 $18,140.32 $191.73 $0.00 $102.57 $18,434.62
78 $18,434.62 $191.73 $0.00 $104.23 $18,730.58
79 $18,730.58 $191.73 $0.00 $105.91 $19,028.22
80 $19,028.22 $191.73 $0.00 $107.59 $19,327.54
81 $19,327.54 $191.73 $0.00 $109.28 $19,628.55
82 $19,628.55 $191.73 $0.00 $110.98 $19,931.26
83 $19,931.26 $191.73 $0.00 $112.69 $20,235.68
84 $20,235.68 $191.73 $0.00 $114.42 $20,541.83
85 $20,541.83 $191.73 $0.00 $116.15 $20,849.71
86 $20,849.71 $191.73 $0.00 $117.89 $21,159.33
87 $21,159.33 $191.73 $0.00 $119.64 $21,470.70
88 $21,470.70 $191.73 $0.00 $121.40 $21,783.83
89 $21,783.83 $191.73 $0.00 $123.17 $22,098.73
90 $22,098.73 $191.73 $0.00 $124.95 $22,415.41
91 $22,415.41 $191.73 $0.00 $126.74 $22,733.88
92 $22,733.88 $191.73 $0.00 $128.54 $23,054.15
93 $23,054.15 $191.73 $0.00 $130.35 $23,376.23
94 $23,376.23 $191.73 $0.00 $132.17 $23,700.13
95 $23,700.13 $191.73 $0.00 $134.00 $24,025.86
96 $24,025.86 $191.73 $0.00 $135.85 $24,353.44
97 $24,353.44 $191.73 $0.00 $137.70 $24,682.87
98 $24,682.87 $191.73 $0.00 $139.56 $25,014.16
99 $25,014.16 $191.73 $0.00 $141.43 $25,347.32
100 $25,347.32 $191.73 $0.00 $143.32 $25,682.37
101 $25,682.37 $191.73 $0.00 $145.21 $26,019.31
102 $26,019.31 $191.73 $0.00 $147.12 $26,358.16
103 $26,358.16 $191.73 $0.00 $149.03 $26,698.92
104 $26,698.92 $191.73 $0.00 $150.96 $27,041.61
105 $27,041.61 $191.73 $0.00 $152.90 $27,386.24
106 $27,386.24 $191.73 $0.00 $154.85 $27,732.82
107 $27,732.82 $191.73 $0.00 $156.81 $28,081.36
108 $28,081.36 $191.73 $0.00 $158.78 $28,431.87
109 $28,431.87 $191.73 $0.00 $160.76 $28,784.36
110 $28,784.36 $191.73 $0.00 $162.75 $29,138.84
111 $29,138.84 $191.73 $0.00 $164.76 $29,495.33
112 $29,495.33 $191.73 $0.00 $166.77 $29,853.83
113 $29,853.83 $191.73 $0.00 $168.80 $30,214.36
114 $30,214.36 $191.73 $0.00 $170.84 $30,576.93
115 $30,576.93 $191.73 $0.00 $172.89 $30,941.55
116 $30,941.55 $191.73 $0.00 $174.95 $31,308.23
117 $31,308.23 $191.73 $0.00 $177.02 $31,676.98
118 $31,676.98 $191.73 $0.00 $179.11 $32,047.82
119 $32,047.82 $191.73 $0.00 $181.20 $32,420.75
120 $32,420.75 $191.73 $0.00 $183.31 $32,795.79
121 $32,795.79 $191.73 $0.00 $185.43 $33,172.95
122 $33,172.95 $191.73 $0.00 $187.56 $33,552.24
123 $33,552.24 $191.73 $0.00 $189.71 $33,933.68
124 $33,933.68 $191.73 $0.00 $191.87 $34,317.28
125 $34,317.28 $191.73 $0.00 $194.03 $34,703.04
126 $34,703.04 $191.73 $0.00 $196.22 $35,090.99
127 $35,090.99 $191.73 $0.00 $198.41 $35,481.13
128 $35,481.13 $191.73 $0.00 $200.62 $35,873.48
129 $35,873.48 $191.73 $0.00 $202.83 $36,268.04
130 $36,268.04 $191.73 $0.00 $205.06 $36,664.83
131 $36,664.83 $191.73 $0.00 $207.31 $37,063.87
132 $37,063.87 $191.73 $0.00 $209.56 $37,465.16
133 $37,465.16 $191.73 $0.00 $211.83 $37,868.72
134 $37,868.72 $191.73 $0.00 $214.12 $38,274.57
135 $38,274.57 $191.73 $0.00 $216.41 $38,682.71
136 $38,682.71 $191.73 $0.00 $218.72 $39,093.16
137 $39,093.16 $191.73 $0.00 $221.04 $39,505.93
138 $39,505.93 $191.73 $0.00 $223.37 $39,921.03
139 $39,921.03 $191.73 $0.00 $225.72 $40,338.48
140 $40,338.48 $191.73 $0.00 $228.08 $40,758.29
141 $40,758.29 $191.73 $0.00 $230.45 $41,180.47
142 $41,180.47 $191.73 $0.00 $232.84 $41,605.04
143 $41,605.04 $191.73 $0.00 $235.24 $42,032.01
144 $42,032.01 $191.73 $0.00 $237.66 $42,461.40
145 $42,461.40 $191.73 $0.00 $240.08 $42,893.21
146 $42,893.21 $191.73 $0.00 $242.52 $43,327.46
147 $43,327.46 $191.73 $0.00 $244.98 $43,764.17
148 $43,764.17 $191.73 $0.00 $247.45 $44,203.35
149 $44,203.35 $191.73 $0.00 $249.93 $44,645.01
150 $44,645.01 $191.73 $0.00 $252.43 $45,089.17
151 $45,089.17 $191.73 $0.00 $254.94 $45,535.84
152 $45,535.84 $191.73 $0.00 $257.47 $45,985.04
153 $45,985.04 $191.73 $0.00 $260.01 $46,436.78
154 $46,436.78 $191.73 $0.00 $262.56 $46,891.07
155 $46,891.07 $191.73 $0.00 $265.13 $47,347.93
156 $47,347.93 $191.73 $0.00 $267.71 $47,807.37
157 $47,807.37 $191.73 $0.00 $270.31 $48,269.41
158 $48,269.41 $191.73 $0.00 $272.92 $48,734.06
159 $48,734.06 $191.73 $0.00 $275.55 $49,201.34
160 $49,201.34 $191.73 $0.00 $278.19 $49,671.26
161 $49,671.26 $191.73 $0.00 $280.85 $50,143.84
162 $50,143.84 $191.73 $0.00 $283.52 $50,619.09
163 $50,619.09 $191.73 $0.00 $286.21 $51,097.03
164 $51,097.03 $191.73 $0.00 $288.91 $51,577.67
165 $51,577.67 $191.73 $0.00 $291.63 $52,061.03
166 $52,061.03 $191.73 $0.00 $294.36 $52,547.12
167 $52,547.12 $191.73 $0.00 $297.11 $53,035.96
168 $53,035.96 $191.73 $0.00 $299.87 $53,527.56
169 $53,527.56 $191.73 $0.00 $302.65 $54,021.94
170 $54,021.94 $191.73 $0.00 $305.45 $54,519.12
171 $54,519.12 $191.73 $0.00 $308.26 $55,019.11
172 $55,019.11 $191.73 $0.00 $311.09 $55,521.93
173 $55,521.93 $191.73 $0.00 $313.93 $56,027.59
174 $56,027.59 $191.73 $0.00 $316.79 $56,536.11
175 $56,536.11 $191.73 $0.00 $319.66 $57,047.50
176 $57,047.50 $191.73 $0.00 $322.55 $57,561.78
177 $57,561.78 $191.73 $0.00 $325.46 $58,078.97
178 $58,078.97 $191.73 $0.00 $328.39 $58,599.09
179 $58,599.09 $191.73 $0.00 $331.33 $59,122.15
180 $59,122.15 $191.73 $0.00 $334.29 $59,648.17
181 $59,648.17 $191.73 $0.00 $337.26 $60,177.16
182 $60,177.16 $191.73 $0.00 $340.25 $60,709.14
183 $60,709.14 $191.73 $0.00 $343.26 $61,244.13
184 $61,244.13 $191.73 $0.00 $346.28 $61,782.14
185 $61,782.14 $191.73 $0.00 $349.33 $62,323.20
186 $62,323.20 $191.73 $0.00 $352.38 $62,867.31
187 $62,867.31 $191.73 $0.00 $355.46 $63,414.50
188 $63,414.50 $191.73 $0.00 $358.55 $63,964.78
189 $63,964.78 $191.73 $0.00 $361.67 $64,518.18
190 $64,518.18 $191.73 $0.00 $364.80 $65,074.71
191 $65,074.71 $191.73 $0.00 $367.94 $65,634.38
192 $65,634.38 $191.73 $0.00 $371.11 $66,197.22
193 $66,197.22 $191.73 $0.00 $374.29 $66,763.24
194 $66,763.24 $191.73 $0.00 $377.49 $67,332.46
195 $67,332.46 $191.73 $0.00 $380.71 $67,904.90
196 $67,904.90 $191.73 $0.00 $383.94 $68,480.57
197 $68,480.57 $191.73 $0.00 $387.20 $69,059.50
198 $69,059.50 $191.73 $0.00 $390.47 $69,641.70
199 $69,641.70 $191.73 $0.00 $393.76 $70,227.19
200 $70,227.19 $191.73 $0.00 $397.07 $70,815.99
201 $70,815.99 $191.73 $0.00 $400.40 $71,408.12
202 $71,408.12 $191.73 $0.00 $403.75 $72,003.60
203 $72,003.60 $191.73 $0.00 $407.12 $72,602.45
204 $72,602.45 $191.73 $0.00 $410.50 $73,204.68
205 $73,204.68 $191.73 $0.00 $413.91 $73,810.32
206 $73,810.32 $191.73 $0.00 $417.33 $74,419.38
207 $74,419.38 $191.73 $0.00 $420.78 $75,031.89
208 $75,031.89 $191.73 $0.00 $424.24 $75,647.86
209 $75,647.86 $191.73 $0.00 $427.72 $76,267.31
210 $76,267.31 $191.73 $0.00 $431.23 $76,890.27
211 $76,890.27 $191.73 $0.00 $434.75 $77,516.75
212 $77,516.75 $191.73 $0.00 $438.29 $78,146.77
213 $78,146.77 $191.73 $0.00 $441.85 $78,780.35
214 $78,780.35 $191.73 $0.00 $445.44 $79,417.52
215 $79,417.52 $191.73 $0.00 $449.04 $80,058.29
216 $80,058.29 $191.73 $0.00 $452.66 $80,702.68
217 $80,702.68 $191.73 $42,086.96 $456.30 $39,263.75
218 $39,263.75 $191.73 $0.00 $222.00 $39,677.48
219 $39,677.48 $191.73 $0.00 $224.34 $40,093.55
220 $40,093.55 $191.73 $0.00 $226.69 $40,511.97
221 $40,511.97 $191.73 $0.00 $229.06 $40,932.76
222 $40,932.76 $191.73 $0.00 $231.44 $41,355.93
223 $41,355.93 $191.73 $0.00 $233.83 $41,781.49
224 $41,781.49 $191.73 $0.00 $236.24 $42,209.46
225 $42,209.46 $191.73 $0.00 $238.66 $42,639.85
226 $42,639.85 $191.73 $0.00 $241.09 $43,072.67
227 $43,072.67 $191.73 $0.00 $243.54 $43,507.94
228 $43,507.94 $191.73 $0.00 $246.00 $43,945.67
229 $43,945.67 $0.00 $44,191.31 $248.48 $2.84