Savings Plan and Future Cost Estimation for University of North Carolina School of the Arts

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$58,702
Monthly savings required$465

How much will it cost to send your child to University of North Carolina School of the Arts in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $234,809.75 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $464.68 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$22,637.00
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 $464.68 $0.00 $0.00 $464.68
2 $464.68 $464.68 $0.00 $2.63 $931.99
3 $931.99 $464.68 $0.00 $5.27 $1,401.94
4 $1,401.94 $464.68 $0.00 $7.93 $1,874.55
5 $1,874.55 $464.68 $0.00 $10.60 $2,349.83
6 $2,349.83 $464.68 $0.00 $13.29 $2,827.80
7 $2,827.80 $464.68 $0.00 $15.99 $3,308.47
8 $3,308.47 $464.68 $0.00 $18.71 $3,791.86
9 $3,791.86 $464.68 $0.00 $21.44 $4,277.98
10 $4,277.98 $464.68 $0.00 $24.19 $4,766.85
11 $4,766.85 $464.68 $0.00 $26.95 $5,258.48
12 $5,258.48 $464.68 $0.00 $29.73 $5,752.89
13 $5,752.89 $464.68 $0.00 $32.53 $6,250.10
14 $6,250.10 $464.68 $0.00 $35.34 $6,750.12
15 $6,750.12 $464.68 $0.00 $38.17 $7,252.97
16 $7,252.97 $464.68 $0.00 $41.01 $7,758.66
17 $7,758.66 $464.68 $0.00 $43.87 $8,267.21
18 $8,267.21 $464.68 $0.00 $46.74 $8,778.63
19 $8,778.63 $464.68 $0.00 $49.64 $9,292.95
20 $9,292.95 $464.68 $0.00 $52.54 $9,810.17
21 $9,810.17 $464.68 $0.00 $55.47 $10,330.32
22 $10,330.32 $464.68 $0.00 $58.41 $10,853.41
23 $10,853.41 $464.68 $0.00 $61.37 $11,379.46
24 $11,379.46 $464.68 $0.00 $64.34 $11,908.48
25 $11,908.48 $464.68 $0.00 $67.33 $12,440.49
26 $12,440.49 $464.68 $0.00 $70.34 $12,975.51
27 $12,975.51 $464.68 $0.00 $73.37 $13,513.56
28 $13,513.56 $464.68 $0.00 $76.41 $14,054.65
29 $14,054.65 $464.68 $0.00 $79.47 $14,598.80
30 $14,598.80 $464.68 $0.00 $82.54 $15,146.02
31 $15,146.02 $464.68 $0.00 $85.64 $15,696.34
32 $15,696.34 $464.68 $0.00 $88.75 $16,249.77
33 $16,249.77 $464.68 $0.00 $91.88 $16,806.33
34 $16,806.33 $464.68 $0.00 $95.03 $17,366.04
35 $17,366.04 $464.68 $0.00 $98.19 $17,928.91
36 $17,928.91 $464.68 $0.00 $101.37 $18,494.96
37 $18,494.96 $464.68 $0.00 $104.57 $19,064.21
38 $19,064.21 $464.68 $0.00 $107.79 $19,636.68
39 $19,636.68 $464.68 $0.00 $111.03 $20,212.39
40 $20,212.39 $464.68 $0.00 $114.28 $20,791.35
41 $20,791.35 $464.68 $0.00 $117.56 $21,373.59
42 $21,373.59 $464.68 $0.00 $120.85 $21,959.12
43 $21,959.12 $464.68 $0.00 $124.16 $22,547.96
44 $22,547.96 $464.68 $0.00 $127.49 $23,140.13
45 $23,140.13 $464.68 $0.00 $130.84 $23,735.65
46 $23,735.65 $464.68 $0.00 $134.20 $24,334.53
47 $24,334.53 $464.68 $0.00 $137.59 $24,936.80
48 $24,936.80 $464.68 $0.00 $141.00 $25,542.48
49 $25,542.48 $464.68 $0.00 $144.42 $26,151.58
50 $26,151.58 $464.68 $0.00 $147.86 $26,764.12
51 $26,764.12 $464.68 $0.00 $151.33 $27,380.13
52 $27,380.13 $464.68 $0.00 $154.81 $27,999.62
53 $27,999.62 $464.68 $0.00 $158.31 $28,622.61
54 $28,622.61 $464.68 $0.00 $161.84 $29,249.13
55 $29,249.13 $464.68 $0.00 $165.38 $29,879.19
56 $29,879.19 $464.68 $0.00 $168.94 $30,512.81
57 $30,512.81 $464.68 $0.00 $172.52 $31,150.01
58 $31,150.01 $464.68 $0.00 $176.13 $31,790.82
59 $31,790.82 $464.68 $0.00 $179.75 $32,435.25
60 $32,435.25 $464.68 $0.00 $183.39 $33,083.32
61 $33,083.32 $464.68 $0.00 $187.06 $33,735.06
62 $33,735.06 $464.68 $0.00 $190.74 $34,390.48
63 $34,390.48 $464.68 $0.00 $194.45 $35,049.61
64 $35,049.61 $464.68 $0.00 $198.18 $35,712.47
65 $35,712.47 $464.68 $0.00 $201.92 $36,379.07
66 $36,379.07 $464.68 $0.00 $205.69 $37,049.44
67 $37,049.44 $464.68 $0.00 $209.48 $37,723.60
68 $37,723.60 $464.68 $0.00 $213.29 $38,401.57
69 $38,401.57 $464.68 $0.00 $217.13 $39,083.38
70 $39,083.38 $464.68 $0.00 $220.98 $39,769.04
71 $39,769.04 $464.68 $0.00 $224.86 $40,458.58
72 $40,458.58 $464.68 $0.00 $228.76 $41,152.02
73 $41,152.02 $464.68 $0.00 $232.68 $41,849.38
74 $41,849.38 $464.68 $0.00 $236.62 $42,550.68
75 $42,550.68 $464.68 $0.00 $240.59 $43,255.95
76 $43,255.95 $464.68 $0.00 $244.58 $43,965.21
77 $43,965.21 $464.68 $0.00 $248.59 $44,678.48
78 $44,678.48 $464.68 $0.00 $252.62 $45,395.78
79 $45,395.78 $464.68 $0.00 $256.67 $46,117.13
80 $46,117.13 $464.68 $0.00 $260.75 $46,842.56
81 $46,842.56 $464.68 $0.00 $264.85 $47,572.09
82 $47,572.09 $464.68 $0.00 $268.98 $48,305.75
83 $48,305.75 $464.68 $0.00 $273.13 $49,043.56
84 $49,043.56 $464.68 $0.00 $277.30 $49,785.54
85 $49,785.54 $464.68 $0.00 $281.49 $50,531.71
86 $50,531.71 $464.68 $0.00 $285.71 $51,282.10
87 $51,282.10 $464.68 $0.00 $289.96 $52,036.74
88 $52,036.74 $464.68 $0.00 $294.22 $52,795.64
89 $52,795.64 $464.68 $0.00 $298.51 $53,558.83
90 $53,558.83 $464.68 $0.00 $302.83 $54,326.34
91 $54,326.34 $464.68 $0.00 $307.17 $55,098.19
92 $55,098.19 $464.68 $0.00 $311.53 $55,874.40
93 $55,874.40 $464.68 $0.00 $315.92 $56,655.00
94 $56,655.00 $464.68 $0.00 $320.34 $57,440.02
95 $57,440.02 $464.68 $0.00 $324.77 $58,229.47
96 $58,229.47 $464.68 $0.00 $329.24 $59,023.39
97 $59,023.39 $464.68 $0.00 $333.73 $59,821.80
98 $59,821.80 $464.68 $0.00 $338.24 $60,624.72
99 $60,624.72 $464.68 $0.00 $342.78 $61,432.18
100 $61,432.18 $464.68 $0.00 $347.35 $62,244.21
101 $62,244.21 $464.68 $0.00 $351.94 $63,060.83
102 $63,060.83 $464.68 $0.00 $356.56 $63,882.07
103 $63,882.07 $464.68 $0.00 $361.20 $64,707.95
104 $64,707.95 $464.68 $0.00 $365.87 $65,538.50
105 $65,538.50 $464.68 $0.00 $370.56 $66,373.74
106 $66,373.74 $464.68 $0.00 $375.29 $67,213.71
107 $67,213.71 $464.68 $0.00 $380.04 $68,058.43
108 $68,058.43 $464.68 $0.00 $384.81 $68,907.92
109 $68,907.92 $464.68 $0.00 $389.62 $69,762.22
110 $69,762.22 $464.68 $0.00 $394.45 $70,621.35
111 $70,621.35 $464.68 $0.00 $399.30 $71,485.33
112 $71,485.33 $464.68 $0.00 $404.19 $72,354.20
113 $72,354.20 $464.68 $0.00 $409.10 $73,227.98
114 $73,227.98 $464.68 $0.00 $414.04 $74,106.70
115 $74,106.70 $464.68 $0.00 $419.01 $74,990.39
116 $74,990.39 $464.68 $0.00 $424.01 $75,879.08
117 $75,879.08 $464.68 $0.00 $429.03 $76,772.79
118 $76,772.79 $464.68 $0.00 $434.08 $77,671.55
119 $77,671.55 $464.68 $0.00 $439.17 $78,575.40
120 $78,575.40 $464.68 $0.00 $444.28 $79,484.36
121 $79,484.36 $464.68 $0.00 $449.42 $80,398.46
122 $80,398.46 $464.68 $0.00 $454.58 $81,317.72
123 $81,317.72 $464.68 $0.00 $459.78 $82,242.18
124 $82,242.18 $464.68 $0.00 $465.01 $83,171.87
125 $83,171.87 $464.68 $0.00 $470.27 $84,106.82
126 $84,106.82 $464.68 $0.00 $475.55 $85,047.05
127 $85,047.05 $464.68 $0.00 $480.87 $85,992.60
128 $85,992.60 $464.68 $0.00 $486.21 $86,943.49
129 $86,943.49 $464.68 $0.00 $491.59 $87,899.76
130 $87,899.76 $464.68 $0.00 $497.00 $88,861.44
131 $88,861.44 $464.68 $0.00 $502.44 $89,828.56
132 $89,828.56 $464.68 $0.00 $507.90 $90,801.14
133 $90,801.14 $464.68 $0.00 $513.40 $91,779.22
134 $91,779.22 $464.68 $0.00 $518.93 $92,762.83
135 $92,762.83 $464.68 $0.00 $524.49 $93,752.00
136 $93,752.00 $464.68 $0.00 $530.09 $94,746.77
137 $94,746.77 $464.68 $0.00 $535.71 $95,747.16
138 $95,747.16 $464.68 $0.00 $541.37 $96,753.21
139 $96,753.21 $464.68 $0.00 $547.06 $97,764.95
140 $97,764.95 $464.68 $0.00 $552.78 $98,782.41
141 $98,782.41 $464.68 $0.00 $558.53 $99,805.62
142 $99,805.62 $464.68 $0.00 $564.32 $100,834.62
143 $100,834.62 $464.68 $0.00 $570.13 $101,869.43
144 $101,869.43 $464.68 $0.00 $575.98 $102,910.09
145 $102,910.09 $464.68 $0.00 $581.87 $103,956.64
146 $103,956.64 $464.68 $0.00 $587.79 $105,009.11
147 $105,009.11 $464.68 $0.00 $593.74 $106,067.53
148 $106,067.53 $464.68 $0.00 $599.72 $107,131.93
149 $107,131.93 $464.68 $0.00 $605.74 $108,202.35
150 $108,202.35 $464.68 $0.00 $611.79 $109,278.82
151 $109,278.82 $464.68 $0.00 $617.88 $110,361.38
152 $110,361.38 $464.68 $0.00 $624.00 $111,450.06
153 $111,450.06 $464.68 $0.00 $630.15 $112,544.89
154 $112,544.89 $464.68 $0.00 $636.35 $113,645.92
155 $113,645.92 $464.68 $0.00 $642.57 $114,753.17
156 $114,753.17 $464.68 $0.00 $648.83 $115,866.68
157 $115,866.68 $464.68 $0.00 $655.13 $116,986.49
158 $116,986.49 $464.68 $0.00 $661.46 $118,112.63
159 $118,112.63 $464.68 $0.00 $667.83 $119,245.14
160 $119,245.14 $464.68 $0.00 $674.23 $120,384.05
161 $120,384.05 $464.68 $0.00 $680.67 $121,529.40
162 $121,529.40 $464.68 $0.00 $687.14 $122,681.22
163 $122,681.22 $464.68 $0.00 $693.66 $123,839.56
164 $123,839.56 $464.68 $0.00 $700.21 $125,004.45
165 $125,004.45 $464.68 $0.00 $706.79 $126,175.92
166 $126,175.92 $464.68 $0.00 $713.42 $127,354.02
167 $127,354.02 $464.68 $0.00 $720.08 $128,538.78
168 $128,538.78 $464.68 $0.00 $726.78 $129,730.24
169 $129,730.24 $464.68 $0.00 $733.51 $130,928.43
170 $130,928.43 $464.68 $0.00 $740.29 $132,133.40
171 $132,133.40 $464.68 $0.00 $747.10 $133,345.18
172 $133,345.18 $464.68 $0.00 $753.95 $134,563.81
173 $134,563.81 $464.68 $0.00 $760.84 $135,789.33
174 $135,789.33 $464.68 $0.00 $767.77 $137,021.78
175 $137,021.78 $464.68 $0.00 $774.74 $138,261.20
176 $138,261.20 $464.68 $0.00 $781.75 $139,507.63
177 $139,507.63 $464.68 $0.00 $788.80 $140,761.11
178 $140,761.11 $464.68 $0.00 $795.88 $142,021.67
179 $142,021.67 $464.68 $0.00 $803.01 $143,289.36
180 $143,289.36 $464.68 $0.00 $810.18 $144,564.22
181 $144,564.22 $464.68 $0.00 $817.39 $145,846.29
182 $145,846.29 $464.68 $0.00 $824.64 $147,135.61
183 $147,135.61 $464.68 $0.00 $831.93 $148,432.22
184 $148,432.22 $464.68 $0.00 $839.26 $149,736.16
185 $149,736.16 $464.68 $0.00 $846.63 $151,047.47
186 $151,047.47 $464.68 $0.00 $854.04 $152,366.19
187 $152,366.19 $464.68 $0.00 $861.50 $153,692.37
188 $153,692.37 $464.68 $0.00 $869.00 $155,026.05
189 $155,026.05 $464.68 $0.00 $876.54 $156,367.27
190 $156,367.27 $464.68 $0.00 $884.12 $157,716.07
191 $157,716.07 $464.68 $0.00 $891.75 $159,072.50
192 $159,072.50 $464.68 $0.00 $899.42 $160,436.60
193 $160,436.60 $464.68 $0.00 $907.13 $161,808.41
194 $161,808.41 $464.68 $0.00 $914.89 $163,187.98
195 $163,187.98 $464.68 $0.00 $922.69 $164,575.35
196 $164,575.35 $464.68 $0.00 $930.53 $165,970.56
197 $165,970.56 $464.68 $0.00 $938.42 $167,373.66
198 $167,373.66 $464.68 $0.00 $946.36 $168,784.70
199 $168,784.70 $464.68 $0.00 $954.33 $170,203.71
200 $170,203.71 $464.68 $0.00 $962.36 $171,630.75
201 $171,630.75 $464.68 $0.00 $970.43 $173,065.86
202 $173,065.86 $464.68 $0.00 $978.54 $174,509.08
203 $174,509.08 $464.68 $0.00 $986.70 $175,960.46
204 $175,960.46 $464.68 $0.00 $994.91 $177,420.05
205 $177,420.05 $464.68 $0.00 $1,003.16 $178,887.89
206 $178,887.89 $464.68 $0.00 $1,011.46 $180,364.03
207 $180,364.03 $464.68 $0.00 $1,019.80 $181,848.51
208 $181,848.51 $464.68 $0.00 $1,028.20 $183,341.39
209 $183,341.39 $464.68 $0.00 $1,036.64 $184,842.71
210 $184,842.71 $464.68 $0.00 $1,045.13 $186,352.52
211 $186,352.52 $464.68 $0.00 $1,053.66 $187,870.86
212 $187,870.86 $464.68 $0.00 $1,062.25 $189,397.79
213 $189,397.79 $464.68 $0.00 $1,070.88 $190,933.35
214 $190,933.35 $464.68 $0.00 $1,079.56 $192,477.59
215 $192,477.59 $464.68 $0.00 $1,088.30 $194,030.57
216 $194,030.57 $464.68 $0.00 $1,097.08 $195,592.33
217 $195,592.33 $464.68 $54,478.64 $1,105.91 $142,684.28
218 $142,684.28 $464.68 $0.00 $806.76 $143,955.72
219 $143,955.72 $464.68 $0.00 $813.95 $145,234.35
220 $145,234.35 $464.68 $0.00 $821.18 $146,520.21
221 $146,520.21 $464.68 $0.00 $828.45 $147,813.34
222 $147,813.34 $464.68 $0.00 $835.76 $149,113.78
223 $149,113.78 $464.68 $0.00 $843.11 $150,421.57
224 $150,421.57 $464.68 $0.00 $850.51 $151,736.76
225 $151,736.76 $464.68 $0.00 $857.94 $153,059.38
226 $153,059.38 $464.68 $0.00 $865.42 $154,389.48
227 $154,389.48 $464.68 $0.00 $872.94 $155,727.10
228 $155,727.10 $464.68 $0.00 $880.50 $157,072.28
229 $157,072.28 $464.68 $57,202.57 $888.11 $101,222.50
230 $101,222.50 $464.68 $0.00 $572.33 $102,259.51
231 $102,259.51 $464.68 $0.00 $578.19 $103,302.38
232 $103,302.38 $464.68 $0.00 $584.09 $104,351.15
233 $104,351.15 $464.68 $0.00 $590.02 $105,405.85
234 $105,405.85 $464.68 $0.00 $595.98 $106,466.51
235 $106,466.51 $464.68 $0.00 $601.98 $107,533.17
236 $107,533.17 $464.68 $0.00 $608.01 $108,605.86
237 $108,605.86 $464.68 $0.00 $614.07 $109,684.61
238 $109,684.61 $464.68 $0.00 $620.17 $110,769.46
239 $110,769.46 $464.68 $0.00 $626.31 $111,860.45
240 $111,860.45 $464.68 $0.00 $632.48 $112,957.61
241 $112,957.61 $464.68 $60,062.70 $638.68 $53,998.27
242 $53,998.27 $464.68 $0.00 $305.31 $54,768.26
243 $54,768.26 $464.68 $0.00 $309.67 $55,542.61
244 $55,542.61 $464.68 $0.00 $314.05 $56,321.34
245 $56,321.34 $464.68 $0.00 $318.45 $57,104.47
246 $57,104.47 $464.68 $0.00 $322.88 $57,892.03
247 $57,892.03 $464.68 $0.00 $327.33 $58,684.04
248 $58,684.04 $464.68 $0.00 $331.81 $59,480.53
249 $59,480.53 $464.68 $0.00 $336.31 $60,281.52
250 $60,281.52 $464.68 $0.00 $340.84 $61,087.04
251 $61,087.04 $464.68 $0.00 $345.40 $61,897.12
252 $61,897.12 $464.68 $0.00 $349.98 $62,711.78
253 $62,711.78 $0.00 $63,065.84 $354.58 $0.52