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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$52,212
Monthly savings required$413

How much will it cost to send your child to Winston Salem State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $208,846.55 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $413.30 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$20,134.00
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 $413.30 $0.00 $0.00 $413.30
2 $413.30 $413.30 $0.00 $2.34 $828.94
3 $828.94 $413.30 $0.00 $4.69 $1,246.93
4 $1,246.93 $413.30 $0.00 $7.05 $1,667.28
5 $1,667.28 $413.30 $0.00 $9.43 $2,090.01
6 $2,090.01 $413.30 $0.00 $11.82 $2,515.13
7 $2,515.13 $413.30 $0.00 $14.22 $2,942.65
8 $2,942.65 $413.30 $0.00 $16.64 $3,372.59
9 $3,372.59 $413.30 $0.00 $19.07 $3,804.96
10 $3,804.96 $413.30 $0.00 $21.51 $4,239.77
11 $4,239.77 $413.30 $0.00 $23.97 $4,677.04
12 $4,677.04 $413.30 $0.00 $26.44 $5,116.78
13 $5,116.78 $413.30 $0.00 $28.93 $5,559.01
14 $5,559.01 $413.30 $0.00 $31.43 $6,003.74
15 $6,003.74 $413.30 $0.00 $33.95 $6,450.99
16 $6,450.99 $413.30 $0.00 $36.47 $6,900.76
17 $6,900.76 $413.30 $0.00 $39.02 $7,353.08
18 $7,353.08 $413.30 $0.00 $41.58 $7,807.96
19 $7,807.96 $413.30 $0.00 $44.15 $8,265.41
20 $8,265.41 $413.30 $0.00 $46.73 $8,725.44
21 $8,725.44 $413.30 $0.00 $49.33 $9,188.07
22 $9,188.07 $413.30 $0.00 $51.95 $9,653.32
23 $9,653.32 $413.30 $0.00 $54.58 $10,121.20
24 $10,121.20 $413.30 $0.00 $57.23 $10,591.73
25 $10,591.73 $413.30 $0.00 $59.89 $11,064.92
26 $11,064.92 $413.30 $0.00 $62.56 $11,540.78
27 $11,540.78 $413.30 $0.00 $65.25 $12,019.33
28 $12,019.33 $413.30 $0.00 $67.96 $12,500.59
29 $12,500.59 $413.30 $0.00 $70.68 $12,984.57
30 $12,984.57 $413.30 $0.00 $73.42 $13,471.29
31 $13,471.29 $413.30 $0.00 $76.17 $13,960.76
32 $13,960.76 $413.30 $0.00 $78.94 $14,453.00
33 $14,453.00 $413.30 $0.00 $81.72 $14,948.02
34 $14,948.02 $413.30 $0.00 $84.52 $15,445.84
35 $15,445.84 $413.30 $0.00 $87.33 $15,946.47
36 $15,946.47 $413.30 $0.00 $90.16 $16,449.93
37 $16,449.93 $413.30 $0.00 $93.01 $16,956.24
38 $16,956.24 $413.30 $0.00 $95.87 $17,465.41
39 $17,465.41 $413.30 $0.00 $98.75 $17,977.46
40 $17,977.46 $413.30 $0.00 $101.65 $18,492.41
41 $18,492.41 $413.30 $0.00 $104.56 $19,010.27
42 $19,010.27 $413.30 $0.00 $107.49 $19,531.06
43 $19,531.06 $413.30 $0.00 $110.43 $20,054.79
44 $20,054.79 $413.30 $0.00 $113.39 $20,581.48
45 $20,581.48 $413.30 $0.00 $116.37 $21,111.15
46 $21,111.15 $413.30 $0.00 $119.37 $21,643.82
47 $21,643.82 $413.30 $0.00 $122.38 $22,179.50
48 $22,179.50 $413.30 $0.00 $125.41 $22,718.21
49 $22,718.21 $413.30 $0.00 $128.45 $23,259.96
50 $23,259.96 $413.30 $0.00 $131.52 $23,804.78
51 $23,804.78 $413.30 $0.00 $134.60 $24,352.68
52 $24,352.68 $413.30 $0.00 $137.69 $24,903.67
53 $24,903.67 $413.30 $0.00 $140.81 $25,457.78
54 $25,457.78 $413.30 $0.00 $143.94 $26,015.02
55 $26,015.02 $413.30 $0.00 $147.09 $26,575.41
56 $26,575.41 $413.30 $0.00 $150.26 $27,138.97
57 $27,138.97 $413.30 $0.00 $153.45 $27,705.72
58 $27,705.72 $413.30 $0.00 $156.65 $28,275.67
59 $28,275.67 $413.30 $0.00 $159.87 $28,848.84
60 $28,848.84 $413.30 $0.00 $163.12 $29,425.26
61 $29,425.26 $413.30 $0.00 $166.37 $30,004.93
62 $30,004.93 $413.30 $0.00 $169.65 $30,587.88
63 $30,587.88 $413.30 $0.00 $172.95 $31,174.13
64 $31,174.13 $413.30 $0.00 $176.26 $31,763.69
65 $31,763.69 $413.30 $0.00 $179.60 $32,356.59
66 $32,356.59 $413.30 $0.00 $182.95 $32,952.84
67 $32,952.84 $413.30 $0.00 $186.32 $33,552.46
68 $33,552.46 $413.30 $0.00 $189.71 $34,155.47
69 $34,155.47 $413.30 $0.00 $193.12 $34,761.89
70 $34,761.89 $413.30 $0.00 $196.55 $35,371.74
71 $35,371.74 $413.30 $0.00 $200.00 $35,985.04
72 $35,985.04 $413.30 $0.00 $203.46 $36,601.80
73 $36,601.80 $413.30 $0.00 $206.95 $37,222.05
74 $37,222.05 $413.30 $0.00 $210.46 $37,845.81
75 $37,845.81 $413.30 $0.00 $213.99 $38,473.10
76 $38,473.10 $413.30 $0.00 $217.53 $39,103.93
77 $39,103.93 $413.30 $0.00 $221.10 $39,738.33
78 $39,738.33 $413.30 $0.00 $224.69 $40,376.32
79 $40,376.32 $413.30 $0.00 $228.29 $41,017.91
80 $41,017.91 $413.30 $0.00 $231.92 $41,663.13
81 $41,663.13 $413.30 $0.00 $235.57 $42,312.00
82 $42,312.00 $413.30 $0.00 $239.24 $42,964.54
83 $42,964.54 $413.30 $0.00 $242.93 $43,620.77
84 $43,620.77 $413.30 $0.00 $246.64 $44,280.71
85 $44,280.71 $413.30 $0.00 $250.37 $44,944.38
86 $44,944.38 $413.30 $0.00 $254.12 $45,611.80
87 $45,611.80 $413.30 $0.00 $257.90 $46,283.00
88 $46,283.00 $413.30 $0.00 $261.69 $46,957.99
89 $46,957.99 $413.30 $0.00 $265.51 $47,636.80
90 $47,636.80 $413.30 $0.00 $269.35 $48,319.45
91 $48,319.45 $413.30 $0.00 $273.21 $49,005.96
92 $49,005.96 $413.30 $0.00 $277.09 $49,696.35
93 $49,696.35 $413.30 $0.00 $280.99 $50,390.64
94 $50,390.64 $413.30 $0.00 $284.92 $51,088.86
95 $51,088.86 $413.30 $0.00 $288.86 $51,791.02
96 $51,791.02 $413.30 $0.00 $292.83 $52,497.15
97 $52,497.15 $413.30 $0.00 $296.83 $53,207.28
98 $53,207.28 $413.30 $0.00 $300.84 $53,921.42
99 $53,921.42 $413.30 $0.00 $304.88 $54,639.60
100 $54,639.60 $413.30 $0.00 $308.94 $55,361.84
101 $55,361.84 $413.30 $0.00 $313.02 $56,088.16
102 $56,088.16 $413.30 $0.00 $317.13 $56,818.59
103 $56,818.59 $413.30 $0.00 $321.26 $57,553.15
104 $57,553.15 $413.30 $0.00 $325.41 $58,291.86
105 $58,291.86 $413.30 $0.00 $329.59 $59,034.75
106 $59,034.75 $413.30 $0.00 $333.79 $59,781.84
107 $59,781.84 $413.30 $0.00 $338.02 $60,533.16
108 $60,533.16 $413.30 $0.00 $342.26 $61,288.72
109 $61,288.72 $413.30 $0.00 $346.54 $62,048.56
110 $62,048.56 $413.30 $0.00 $350.83 $62,812.69
111 $62,812.69 $413.30 $0.00 $355.15 $63,581.14
112 $63,581.14 $413.30 $0.00 $359.50 $64,353.94
113 $64,353.94 $413.30 $0.00 $363.87 $65,131.11
114 $65,131.11 $413.30 $0.00 $368.26 $65,912.67
115 $65,912.67 $413.30 $0.00 $372.68 $66,698.65
116 $66,698.65 $413.30 $0.00 $377.12 $67,489.07
117 $67,489.07 $413.30 $0.00 $381.59 $68,283.96
118 $68,283.96 $413.30 $0.00 $386.09 $69,083.35
119 $69,083.35 $413.30 $0.00 $390.61 $69,887.26
120 $69,887.26 $413.30 $0.00 $395.15 $70,695.71
121 $70,695.71 $413.30 $0.00 $399.72 $71,508.73
122 $71,508.73 $413.30 $0.00 $404.32 $72,326.35
123 $72,326.35 $413.30 $0.00 $408.94 $73,148.59
124 $73,148.59 $413.30 $0.00 $413.59 $73,975.48
125 $73,975.48 $413.30 $0.00 $418.27 $74,807.05
126 $74,807.05 $413.30 $0.00 $422.97 $75,643.32
127 $75,643.32 $413.30 $0.00 $427.70 $76,484.32
128 $76,484.32 $413.30 $0.00 $432.45 $77,330.07
129 $77,330.07 $413.30 $0.00 $437.24 $78,180.61
130 $78,180.61 $413.30 $0.00 $442.04 $79,035.95
131 $79,035.95 $413.30 $0.00 $446.88 $79,896.13
132 $79,896.13 $413.30 $0.00 $451.74 $80,761.17
133 $80,761.17 $413.30 $0.00 $456.64 $81,631.11
134 $81,631.11 $413.30 $0.00 $461.55 $82,505.96
135 $82,505.96 $413.30 $0.00 $466.50 $83,385.76
136 $83,385.76 $413.30 $0.00 $471.48 $84,270.54
137 $84,270.54 $413.30 $0.00 $476.48 $85,160.32
138 $85,160.32 $413.30 $0.00 $481.51 $86,055.13
139 $86,055.13 $413.30 $0.00 $486.57 $86,955.00
140 $86,955.00 $413.30 $0.00 $491.66 $87,859.96
141 $87,859.96 $413.30 $0.00 $496.77 $88,770.03
142 $88,770.03 $413.30 $0.00 $501.92 $89,685.25
143 $89,685.25 $413.30 $0.00 $507.09 $90,605.64
144 $90,605.64 $413.30 $0.00 $512.30 $91,531.24
145 $91,531.24 $413.30 $0.00 $517.53 $92,462.07
146 $92,462.07 $413.30 $0.00 $522.79 $93,398.16
147 $93,398.16 $413.30 $0.00 $528.09 $94,339.55
148 $94,339.55 $413.30 $0.00 $533.41 $95,286.26
149 $95,286.26 $413.30 $0.00 $538.76 $96,238.32
150 $96,238.32 $413.30 $0.00 $544.15 $97,195.77
151 $97,195.77 $413.30 $0.00 $549.56 $98,158.63
152 $98,158.63 $413.30 $0.00 $555.00 $99,126.93
153 $99,126.93 $413.30 $0.00 $560.48 $100,100.71
154 $100,100.71 $413.30 $0.00 $565.98 $101,079.99
155 $101,079.99 $413.30 $0.00 $571.52 $102,064.81
156 $102,064.81 $413.30 $0.00 $577.09 $103,055.20
157 $103,055.20 $413.30 $0.00 $582.69 $104,051.19
158 $104,051.19 $413.30 $0.00 $588.32 $105,052.81
159 $105,052.81 $413.30 $0.00 $593.98 $106,060.09
160 $106,060.09 $413.30 $0.00 $599.68 $107,073.07
161 $107,073.07 $413.30 $0.00 $605.41 $108,091.78
162 $108,091.78 $413.30 $0.00 $611.17 $109,116.25
163 $109,116.25 $413.30 $0.00 $616.96 $110,146.51
164 $110,146.51 $413.30 $0.00 $622.78 $111,182.59
165 $111,182.59 $413.30 $0.00 $628.64 $112,224.53
166 $112,224.53 $413.30 $0.00 $634.53 $113,272.36
167 $113,272.36 $413.30 $0.00 $640.46 $114,326.12
168 $114,326.12 $413.30 $0.00 $646.42 $115,385.84
169 $115,385.84 $413.30 $0.00 $652.41 $116,451.55
170 $116,451.55 $413.30 $0.00 $658.43 $117,523.28
171 $117,523.28 $413.30 $0.00 $664.49 $118,601.07
172 $118,601.07 $413.30 $0.00 $670.59 $119,684.96
173 $119,684.96 $413.30 $0.00 $676.72 $120,774.98
174 $120,774.98 $413.30 $0.00 $682.88 $121,871.16
175 $121,871.16 $413.30 $0.00 $689.08 $122,973.54
176 $122,973.54 $413.30 $0.00 $695.31 $124,082.15
177 $124,082.15 $413.30 $0.00 $701.58 $125,197.03
178 $125,197.03 $413.30 $0.00 $707.88 $126,318.21
179 $126,318.21 $413.30 $0.00 $714.22 $127,445.73
180 $127,445.73 $413.30 $0.00 $720.60 $128,579.63
181 $128,579.63 $413.30 $0.00 $727.01 $129,719.94
182 $129,719.94 $413.30 $0.00 $733.46 $130,866.70
183 $130,866.70 $413.30 $0.00 $739.94 $132,019.94
184 $132,019.94 $413.30 $0.00 $746.46 $133,179.70
185 $133,179.70 $413.30 $0.00 $753.02 $134,346.02
186 $134,346.02 $413.30 $0.00 $759.61 $135,518.93
187 $135,518.93 $413.30 $0.00 $766.24 $136,698.47
188 $136,698.47 $413.30 $0.00 $772.91 $137,884.68
189 $137,884.68 $413.30 $0.00 $779.62 $139,077.60
190 $139,077.60 $413.30 $0.00 $786.36 $140,277.26
191 $140,277.26 $413.30 $0.00 $793.15 $141,483.71
192 $141,483.71 $413.30 $0.00 $799.97 $142,696.98
193 $142,696.98 $413.30 $0.00 $806.83 $143,917.11
194 $143,917.11 $413.30 $0.00 $813.73 $145,144.14
195 $145,144.14 $413.30 $0.00 $820.67 $146,378.11
196 $146,378.11 $413.30 $0.00 $827.64 $147,619.05
197 $147,619.05 $413.30 $0.00 $834.66 $148,867.01
198 $148,867.01 $413.30 $0.00 $841.72 $150,122.03
199 $150,122.03 $413.30 $0.00 $848.81 $151,384.14
200 $151,384.14 $413.30 $0.00 $855.95 $152,653.39
201 $152,653.39 $413.30 $0.00 $863.12 $153,929.81
202 $153,929.81 $413.30 $0.00 $870.34 $155,213.45
203 $155,213.45 $413.30 $0.00 $877.60 $156,504.35
204 $156,504.35 $413.30 $0.00 $884.90 $157,802.55
205 $157,802.55 $413.30 $0.00 $892.24 $159,108.09
206 $159,108.09 $413.30 $0.00 $899.62 $160,421.01
207 $160,421.01 $413.30 $0.00 $907.04 $161,741.35
208 $161,741.35 $413.30 $0.00 $914.51 $163,069.16
209 $163,069.16 $413.30 $0.00 $922.02 $164,404.48
210 $164,404.48 $413.30 $0.00 $929.57 $165,747.35
211 $165,747.35 $413.30 $0.00 $937.16 $167,097.81
212 $167,097.81 $413.30 $0.00 $944.80 $168,455.91
213 $168,455.91 $413.30 $0.00 $952.47 $169,821.68
214 $169,821.68 $413.30 $0.00 $960.20 $171,195.18
215 $171,195.18 $413.30 $0.00 $967.96 $172,576.44
216 $172,576.44 $413.30 $0.00 $975.77 $173,965.51
217 $173,965.51 $413.30 $48,454.87 $983.63 $126,907.57
218 $126,907.57 $413.30 $0.00 $717.55 $128,038.42
219 $128,038.42 $413.30 $0.00 $723.95 $129,175.67
220 $129,175.67 $413.30 $0.00 $730.38 $130,319.35
221 $130,319.35 $413.30 $0.00 $736.84 $131,469.49
222 $131,469.49 $413.30 $0.00 $743.35 $132,626.14
223 $132,626.14 $413.30 $0.00 $749.89 $133,789.33
224 $133,789.33 $413.30 $0.00 $756.46 $134,959.09
225 $134,959.09 $413.30 $0.00 $763.08 $136,135.47
226 $136,135.47 $413.30 $0.00 $769.73 $137,318.50
227 $137,318.50 $413.30 $0.00 $776.42 $138,508.22
228 $138,508.22 $413.30 $0.00 $783.15 $139,704.67
229 $139,704.67 $413.30 $50,877.62 $789.91 $90,030.26
230 $90,030.26 $413.30 $0.00 $509.04 $90,952.60
231 $90,952.60 $413.30 $0.00 $514.26 $91,880.16
232 $91,880.16 $413.30 $0.00 $519.50 $92,812.96
233 $92,812.96 $413.30 $0.00 $524.78 $93,751.04
234 $93,751.04 $413.30 $0.00 $530.08 $94,694.42
235 $94,694.42 $413.30 $0.00 $535.42 $95,643.14
236 $95,643.14 $413.30 $0.00 $540.78 $96,597.22
237 $96,597.22 $413.30 $0.00 $546.17 $97,556.69
238 $97,556.69 $413.30 $0.00 $551.60 $98,521.59
239 $98,521.59 $413.30 $0.00 $557.06 $99,491.95
240 $99,491.95 $413.30 $0.00 $562.54 $100,467.79
241 $100,467.79 $413.30 $53,421.50 $568.06 $48,027.65
242 $48,027.65 $413.30 $0.00 $271.56 $48,712.51
243 $48,712.51 $413.30 $0.00 $275.43 $49,401.24
244 $49,401.24 $413.30 $0.00 $279.32 $50,093.86
245 $50,093.86 $413.30 $0.00 $283.24 $50,790.40
246 $50,790.40 $413.30 $0.00 $287.18 $51,490.88
247 $51,490.88 $413.30 $0.00 $291.14 $52,195.32
248 $52,195.32 $413.30 $0.00 $295.12 $52,903.74
249 $52,903.74 $413.30 $0.00 $299.13 $53,616.17
250 $53,616.17 $413.30 $0.00 $303.15 $54,332.62
251 $54,332.62 $413.30 $0.00 $307.20 $55,053.12
252 $55,053.12 $413.30 $0.00 $311.28 $55,777.70
253 $55,777.70 $0.00 $56,092.57 $315.38 $0.51