Savings Plan and Future Cost Estimation for Elizabeth City State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$37,324
Monthly savings required$295

How much will it cost to send your child to Elizabeth City State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $149,296.14 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $295.45 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$14,393.00
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 $295.45 $0.00 $0.00 $295.45
2 $295.45 $295.45 $0.00 $1.67 $592.57
3 $592.57 $295.45 $0.00 $3.35 $891.37
4 $891.37 $295.45 $0.00 $5.04 $1,191.86
5 $1,191.86 $295.45 $0.00 $6.74 $1,494.05
6 $1,494.05 $295.45 $0.00 $8.45 $1,797.95
7 $1,797.95 $295.45 $0.00 $10.17 $2,103.57
8 $2,103.57 $295.45 $0.00 $11.89 $2,410.91
9 $2,410.91 $295.45 $0.00 $13.63 $2,719.99
10 $2,719.99 $295.45 $0.00 $15.38 $3,030.82
11 $3,030.82 $295.45 $0.00 $17.14 $3,343.41
12 $3,343.41 $295.45 $0.00 $18.90 $3,657.76
13 $3,657.76 $295.45 $0.00 $20.68 $3,973.89
14 $3,973.89 $295.45 $0.00 $22.47 $4,291.81
15 $4,291.81 $295.45 $0.00 $24.27 $4,611.53
16 $4,611.53 $295.45 $0.00 $26.07 $4,933.05
17 $4,933.05 $295.45 $0.00 $27.89 $5,256.39
18 $5,256.39 $295.45 $0.00 $29.72 $5,581.56
19 $5,581.56 $295.45 $0.00 $31.56 $5,908.57
20 $5,908.57 $295.45 $0.00 $33.41 $6,237.43
21 $6,237.43 $295.45 $0.00 $35.27 $6,568.15
22 $6,568.15 $295.45 $0.00 $37.14 $6,900.74
23 $6,900.74 $295.45 $0.00 $39.02 $7,235.21
24 $7,235.21 $295.45 $0.00 $40.91 $7,571.57
25 $7,571.57 $295.45 $0.00 $42.81 $7,909.83
26 $7,909.83 $295.45 $0.00 $44.72 $8,250.00
27 $8,250.00 $295.45 $0.00 $46.65 $8,592.10
28 $8,592.10 $295.45 $0.00 $48.58 $8,936.13
29 $8,936.13 $295.45 $0.00 $50.53 $9,282.11
30 $9,282.11 $295.45 $0.00 $52.48 $9,630.04
31 $9,630.04 $295.45 $0.00 $54.45 $9,979.94
32 $9,979.94 $295.45 $0.00 $56.43 $10,331.82
33 $10,331.82 $295.45 $0.00 $58.42 $10,685.69
34 $10,685.69 $295.45 $0.00 $60.42 $11,041.56
35 $11,041.56 $295.45 $0.00 $62.43 $11,399.44
36 $11,399.44 $295.45 $0.00 $64.45 $11,759.34
37 $11,759.34 $295.45 $0.00 $66.49 $12,121.28
38 $12,121.28 $295.45 $0.00 $68.54 $12,485.27
39 $12,485.27 $295.45 $0.00 $70.59 $12,851.31
40 $12,851.31 $295.45 $0.00 $72.66 $13,219.42
41 $13,219.42 $295.45 $0.00 $74.74 $13,589.61
42 $13,589.61 $295.45 $0.00 $76.84 $13,961.90
43 $13,961.90 $295.45 $0.00 $78.94 $14,336.29
44 $14,336.29 $295.45 $0.00 $81.06 $14,712.80
45 $14,712.80 $295.45 $0.00 $83.19 $15,091.44
46 $15,091.44 $295.45 $0.00 $85.33 $15,472.22
47 $15,472.22 $295.45 $0.00 $87.48 $15,855.15
48 $15,855.15 $295.45 $0.00 $89.65 $16,240.25
49 $16,240.25 $295.45 $0.00 $91.82 $16,627.52
50 $16,627.52 $295.45 $0.00 $94.01 $17,016.98
51 $17,016.98 $295.45 $0.00 $96.22 $17,408.65
52 $17,408.65 $295.45 $0.00 $98.43 $17,802.53
53 $17,802.53 $295.45 $0.00 $100.66 $18,198.64
54 $18,198.64 $295.45 $0.00 $102.90 $18,596.99
55 $18,596.99 $295.45 $0.00 $105.15 $18,997.59
56 $18,997.59 $295.45 $0.00 $107.42 $19,400.46
57 $19,400.46 $295.45 $0.00 $109.69 $19,805.60
58 $19,805.60 $295.45 $0.00 $111.98 $20,213.03
59 $20,213.03 $295.45 $0.00 $114.29 $20,622.77
60 $20,622.77 $295.45 $0.00 $116.60 $21,034.82
61 $21,034.82 $295.45 $0.00 $118.93 $21,449.20
62 $21,449.20 $295.45 $0.00 $121.28 $21,865.93
63 $21,865.93 $295.45 $0.00 $123.63 $22,285.01
64 $22,285.01 $295.45 $0.00 $126.00 $22,706.46
65 $22,706.46 $295.45 $0.00 $128.39 $23,130.30
66 $23,130.30 $295.45 $0.00 $130.78 $23,556.53
67 $23,556.53 $295.45 $0.00 $133.19 $23,985.17
68 $23,985.17 $295.45 $0.00 $135.62 $24,416.24
69 $24,416.24 $295.45 $0.00 $138.05 $24,849.74
70 $24,849.74 $295.45 $0.00 $140.50 $25,285.69
71 $25,285.69 $295.45 $0.00 $142.97 $25,724.11
72 $25,724.11 $295.45 $0.00 $145.45 $26,165.01
73 $26,165.01 $295.45 $0.00 $147.94 $26,608.40
74 $26,608.40 $295.45 $0.00 $150.45 $27,054.30
75 $27,054.30 $295.45 $0.00 $152.97 $27,502.72
76 $27,502.72 $295.45 $0.00 $155.50 $27,953.67
77 $27,953.67 $295.45 $0.00 $158.05 $28,407.17
78 $28,407.17 $295.45 $0.00 $160.62 $28,863.24
79 $28,863.24 $295.45 $0.00 $163.20 $29,321.89
80 $29,321.89 $295.45 $0.00 $165.79 $29,783.13
81 $29,783.13 $295.45 $0.00 $168.40 $30,246.98
82 $30,246.98 $295.45 $0.00 $171.02 $30,713.45
83 $30,713.45 $295.45 $0.00 $173.66 $31,182.56
84 $31,182.56 $295.45 $0.00 $176.31 $31,654.32
85 $31,654.32 $295.45 $0.00 $178.98 $32,128.75
86 $32,128.75 $295.45 $0.00 $181.66 $32,605.86
87 $32,605.86 $295.45 $0.00 $184.36 $33,085.67
88 $33,085.67 $295.45 $0.00 $187.07 $33,568.19
89 $33,568.19 $295.45 $0.00 $189.80 $34,053.44
90 $34,053.44 $295.45 $0.00 $192.54 $34,541.43
91 $34,541.43 $295.45 $0.00 $195.30 $35,032.18
92 $35,032.18 $295.45 $0.00 $198.08 $35,525.71
93 $35,525.71 $295.45 $0.00 $200.87 $36,022.03
94 $36,022.03 $295.45 $0.00 $203.67 $36,521.15
95 $36,521.15 $295.45 $0.00 $206.50 $37,023.10
96 $37,023.10 $295.45 $0.00 $209.33 $37,527.88
97 $37,527.88 $295.45 $0.00 $212.19 $38,035.52
98 $38,035.52 $295.45 $0.00 $215.06 $38,546.03
99 $38,546.03 $295.45 $0.00 $217.94 $39,059.42
100 $39,059.42 $295.45 $0.00 $220.85 $39,575.72
101 $39,575.72 $295.45 $0.00 $223.77 $40,094.94
102 $40,094.94 $295.45 $0.00 $226.70 $40,617.09
103 $40,617.09 $295.45 $0.00 $229.65 $41,142.19
104 $41,142.19 $295.45 $0.00 $232.62 $41,670.26
105 $41,670.26 $295.45 $0.00 $235.61 $42,201.32
106 $42,201.32 $295.45 $0.00 $238.61 $42,735.38
107 $42,735.38 $295.45 $0.00 $241.63 $43,272.46
108 $43,272.46 $295.45 $0.00 $244.67 $43,812.58
109 $43,812.58 $295.45 $0.00 $247.72 $44,355.75
110 $44,355.75 $295.45 $0.00 $250.79 $44,901.99
111 $44,901.99 $295.45 $0.00 $253.88 $45,451.32
112 $45,451.32 $295.45 $0.00 $256.99 $46,003.76
113 $46,003.76 $295.45 $0.00 $260.11 $46,559.32
114 $46,559.32 $295.45 $0.00 $263.25 $47,118.02
115 $47,118.02 $295.45 $0.00 $266.41 $47,679.88
116 $47,679.88 $295.45 $0.00 $269.59 $48,244.92
117 $48,244.92 $295.45 $0.00 $272.78 $48,813.15
118 $48,813.15 $295.45 $0.00 $276.00 $49,384.60
119 $49,384.60 $295.45 $0.00 $279.23 $49,959.28
120 $49,959.28 $295.45 $0.00 $282.48 $50,537.21
121 $50,537.21 $295.45 $0.00 $285.74 $51,118.40
122 $51,118.40 $295.45 $0.00 $289.03 $51,702.88
123 $51,702.88 $295.45 $0.00 $292.34 $52,290.67
124 $52,290.67 $295.45 $0.00 $295.66 $52,881.78
125 $52,881.78 $295.45 $0.00 $299.00 $53,476.23
126 $53,476.23 $295.45 $0.00 $302.36 $54,074.04
127 $54,074.04 $295.45 $0.00 $305.74 $54,675.23
128 $54,675.23 $295.45 $0.00 $309.14 $55,279.82
129 $55,279.82 $295.45 $0.00 $312.56 $55,887.83
130 $55,887.83 $295.45 $0.00 $316.00 $56,499.28
131 $56,499.28 $295.45 $0.00 $319.46 $57,114.19
132 $57,114.19 $295.45 $0.00 $322.93 $57,732.57
133 $57,732.57 $295.45 $0.00 $326.43 $58,354.45
134 $58,354.45 $295.45 $0.00 $329.94 $58,979.84
135 $58,979.84 $295.45 $0.00 $333.48 $59,608.77
136 $59,608.77 $295.45 $0.00 $337.04 $60,241.26
137 $60,241.26 $295.45 $0.00 $340.61 $60,877.32
138 $60,877.32 $295.45 $0.00 $344.21 $61,516.98
139 $61,516.98 $295.45 $0.00 $347.83 $62,160.26
140 $62,160.26 $295.45 $0.00 $351.46 $62,807.17
141 $62,807.17 $295.45 $0.00 $355.12 $63,457.74
142 $63,457.74 $295.45 $0.00 $358.80 $64,111.99
143 $64,111.99 $295.45 $0.00 $362.50 $64,769.94
144 $64,769.94 $295.45 $0.00 $366.22 $65,431.61
145 $65,431.61 $295.45 $0.00 $369.96 $66,097.02
146 $66,097.02 $295.45 $0.00 $373.72 $66,766.19
147 $66,766.19 $295.45 $0.00 $377.51 $67,439.15
148 $67,439.15 $295.45 $0.00 $381.31 $68,115.91
149 $68,115.91 $295.45 $0.00 $385.14 $68,796.50
150 $68,796.50 $295.45 $0.00 $388.99 $69,480.94
151 $69,480.94 $295.45 $0.00 $392.86 $70,169.25
152 $70,169.25 $295.45 $0.00 $396.75 $70,861.45
153 $70,861.45 $295.45 $0.00 $400.66 $71,557.56
154 $71,557.56 $295.45 $0.00 $404.60 $72,257.61
155 $72,257.61 $295.45 $0.00 $408.56 $72,961.62
156 $72,961.62 $295.45 $0.00 $412.54 $73,669.61
157 $73,669.61 $295.45 $0.00 $416.54 $74,381.60
158 $74,381.60 $295.45 $0.00 $420.56 $75,097.61
159 $75,097.61 $295.45 $0.00 $424.61 $75,817.67
160 $75,817.67 $295.45 $0.00 $428.68 $76,541.80
161 $76,541.80 $295.45 $0.00 $432.78 $77,270.03
162 $77,270.03 $295.45 $0.00 $436.90 $78,002.38
163 $78,002.38 $295.45 $0.00 $441.04 $78,738.87
164 $78,738.87 $295.45 $0.00 $445.20 $79,479.52
165 $79,479.52 $295.45 $0.00 $449.39 $80,224.36
166 $80,224.36 $295.45 $0.00 $453.60 $80,973.41
167 $80,973.41 $295.45 $0.00 $457.84 $81,726.70
168 $81,726.70 $295.45 $0.00 $462.09 $82,484.24
169 $82,484.24 $295.45 $0.00 $466.38 $83,246.07
170 $83,246.07 $295.45 $0.00 $470.69 $84,012.21
171 $84,012.21 $295.45 $0.00 $475.02 $84,782.68
172 $84,782.68 $295.45 $0.00 $479.37 $85,557.50
173 $85,557.50 $295.45 $0.00 $483.75 $86,336.70
174 $86,336.70 $295.45 $0.00 $488.16 $87,120.31
175 $87,120.31 $295.45 $0.00 $492.59 $87,908.35
176 $87,908.35 $295.45 $0.00 $497.05 $88,700.85
177 $88,700.85 $295.45 $0.00 $501.53 $89,497.83
178 $89,497.83 $295.45 $0.00 $506.03 $90,299.31
179 $90,299.31 $295.45 $0.00 $510.57 $91,105.33
180 $91,105.33 $295.45 $0.00 $515.12 $91,915.90
181 $91,915.90 $295.45 $0.00 $519.71 $92,731.06
182 $92,731.06 $295.45 $0.00 $524.31 $93,550.82
183 $93,550.82 $295.45 $0.00 $528.95 $94,375.22
184 $94,375.22 $295.45 $0.00 $533.61 $95,204.28
185 $95,204.28 $295.45 $0.00 $538.30 $96,038.03
186 $96,038.03 $295.45 $0.00 $543.01 $96,876.49
187 $96,876.49 $295.45 $0.00 $547.75 $97,719.69
188 $97,719.69 $295.45 $0.00 $552.52 $98,567.66
189 $98,567.66 $295.45 $0.00 $557.32 $99,420.43
190 $99,420.43 $295.45 $0.00 $562.14 $100,278.02
191 $100,278.02 $295.45 $0.00 $566.99 $101,140.46
192 $101,140.46 $295.45 $0.00 $571.86 $102,007.77
193 $102,007.77 $295.45 $0.00 $576.77 $102,879.99
194 $102,879.99 $295.45 $0.00 $581.70 $103,757.14
195 $103,757.14 $295.45 $0.00 $586.66 $104,639.25
196 $104,639.25 $295.45 $0.00 $591.65 $105,526.35
197 $105,526.35 $295.45 $0.00 $596.66 $106,418.46
198 $106,418.46 $295.45 $0.00 $601.71 $107,315.62
199 $107,315.62 $295.45 $0.00 $606.78 $108,217.85
200 $108,217.85 $295.45 $0.00 $611.88 $109,125.18
201 $109,125.18 $295.45 $0.00 $617.01 $110,037.64
202 $110,037.64 $295.45 $0.00 $622.17 $110,955.26
203 $110,955.26 $295.45 $0.00 $627.36 $111,878.07
204 $111,878.07 $295.45 $0.00 $632.57 $112,806.09
205 $112,806.09 $295.45 $0.00 $637.82 $113,739.36
206 $113,739.36 $295.45 $0.00 $643.10 $114,677.91
207 $114,677.91 $295.45 $0.00 $648.41 $115,621.77
208 $115,621.77 $295.45 $0.00 $653.74 $116,570.96
209 $116,570.96 $295.45 $0.00 $659.11 $117,525.52
210 $117,525.52 $295.45 $0.00 $664.51 $118,485.48
211 $118,485.48 $295.45 $0.00 $669.93 $119,450.86
212 $119,450.86 $295.45 $0.00 $675.39 $120,421.70
213 $120,421.70 $295.45 $0.00 $680.88 $121,398.03
214 $121,398.03 $295.45 $0.00 $686.40 $122,379.88
215 $122,379.88 $295.45 $0.00 $691.95 $123,367.28
216 $123,367.28 $295.45 $0.00 $697.54 $124,360.27
217 $124,360.27 $295.45 $34,638.47 $703.15 $90,720.40
218 $90,720.40 $295.45 $0.00 $512.95 $91,528.80
219 $91,528.80 $295.45 $0.00 $517.52 $92,341.77
220 $92,341.77 $295.45 $0.00 $522.11 $93,159.33
221 $93,159.33 $295.45 $0.00 $526.74 $93,981.52
222 $93,981.52 $295.45 $0.00 $531.39 $94,808.36
223 $94,808.36 $295.45 $0.00 $536.06 $95,639.87
224 $95,639.87 $295.45 $0.00 $540.76 $96,476.08
225 $96,476.08 $295.45 $0.00 $545.49 $97,317.02
226 $97,317.02 $295.45 $0.00 $550.24 $98,162.71
227 $98,162.71 $295.45 $0.00 $555.03 $99,013.19
228 $99,013.19 $295.45 $0.00 $559.83 $99,868.47
229 $99,868.47 $295.45 $36,370.39 $564.67 $64,358.20
230 $64,358.20 $295.45 $0.00 $363.89 $65,017.54
231 $65,017.54 $295.45 $0.00 $367.62 $65,680.61
232 $65,680.61 $295.45 $0.00 $371.37 $66,347.43
233 $66,347.43 $295.45 $0.00 $375.14 $67,018.02
234 $67,018.02 $295.45 $0.00 $378.93 $67,692.40
235 $67,692.40 $295.45 $0.00 $382.74 $68,370.59
236 $68,370.59 $295.45 $0.00 $386.58 $69,052.62
237 $69,052.62 $295.45 $0.00 $390.43 $69,738.50
238 $69,738.50 $295.45 $0.00 $394.31 $70,428.26
239 $70,428.26 $295.45 $0.00 $398.21 $71,121.92
240 $71,121.92 $295.45 $0.00 $402.13 $71,819.50
241 $71,819.50 $295.45 $38,188.91 $406.08 $34,332.12
242 $34,332.12 $295.45 $0.00 $194.12 $34,821.69
243 $34,821.69 $295.45 $0.00 $196.89 $35,314.03
244 $35,314.03 $295.45 $0.00 $199.67 $35,809.15
245 $35,809.15 $295.45 $0.00 $202.47 $36,307.07
246 $36,307.07 $295.45 $0.00 $205.29 $36,807.81
247 $36,807.81 $295.45 $0.00 $208.12 $37,311.38
248 $37,311.38 $295.45 $0.00 $210.96 $37,817.79
249 $37,817.79 $295.45 $0.00 $213.83 $38,327.07
250 $38,327.07 $295.45 $0.00 $216.71 $38,839.23
251 $38,839.23 $295.45 $0.00 $219.60 $39,354.28
252 $39,354.28 $295.45 $0.00 $222.51 $39,872.24
253 $39,872.24 $0.00 $40,098.36 $225.44 ($0.68)