Savings Plan and Future Cost Estimation for University of Mary

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$125,111
Monthly savings required$989

How much will it cost to send your child to University of Mary in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $500,443.65 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $988.79 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$33,348.00
Years until enrollment18
Annual Tuition Increase7%
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 $988.79 $0.00 $0.00 $988.79
2 $988.79 $988.79 $0.00 $5.59 $1,983.17
3 $1,983.17 $988.79 $0.00 $11.21 $2,983.17
4 $2,983.17 $988.79 $0.00 $16.87 $3,988.83
5 $3,988.83 $988.79 $0.00 $22.55 $5,000.17
6 $5,000.17 $988.79 $0.00 $28.27 $6,017.23
7 $6,017.23 $988.79 $0.00 $34.02 $7,040.04
8 $7,040.04 $988.79 $0.00 $39.81 $8,068.64
9 $8,068.64 $988.79 $0.00 $45.62 $9,103.05
10 $9,103.05 $988.79 $0.00 $51.47 $10,143.31
11 $10,143.31 $988.79 $0.00 $57.35 $11,189.45
12 $11,189.45 $988.79 $0.00 $63.27 $12,241.51
13 $12,241.51 $988.79 $0.00 $69.22 $13,299.52
14 $13,299.52 $988.79 $0.00 $75.20 $14,363.51
15 $14,363.51 $988.79 $0.00 $81.21 $15,433.51
16 $15,433.51 $988.79 $0.00 $87.26 $16,509.56
17 $16,509.56 $988.79 $0.00 $93.35 $17,591.70
18 $17,591.70 $988.79 $0.00 $99.47 $18,679.96
19 $18,679.96 $988.79 $0.00 $105.62 $19,774.37
20 $19,774.37 $988.79 $0.00 $111.81 $20,874.97
21 $20,874.97 $988.79 $0.00 $118.03 $21,981.79
22 $21,981.79 $988.79 $0.00 $124.29 $23,094.87
23 $23,094.87 $988.79 $0.00 $130.58 $24,214.24
24 $24,214.24 $988.79 $0.00 $136.91 $25,339.94
25 $25,339.94 $988.79 $0.00 $143.28 $26,472.01
26 $26,472.01 $988.79 $0.00 $149.68 $27,610.48
27 $27,610.48 $988.79 $0.00 $156.11 $28,755.38
28 $28,755.38 $988.79 $0.00 $162.59 $29,906.76
29 $29,906.76 $988.79 $0.00 $169.10 $31,064.65
30 $31,064.65 $988.79 $0.00 $175.64 $32,229.08
31 $32,229.08 $988.79 $0.00 $182.23 $33,400.10
32 $33,400.10 $988.79 $0.00 $188.85 $34,577.74
33 $34,577.74 $988.79 $0.00 $195.51 $35,762.04
34 $35,762.04 $988.79 $0.00 $202.20 $36,953.03
35 $36,953.03 $988.79 $0.00 $208.94 $38,150.76
36 $38,150.76 $988.79 $0.00 $215.71 $39,355.26
37 $39,355.26 $988.79 $0.00 $222.52 $40,566.57
38 $40,566.57 $988.79 $0.00 $229.37 $41,784.73
39 $41,784.73 $988.79 $0.00 $236.26 $43,009.78
40 $43,009.78 $988.79 $0.00 $243.18 $44,241.75
41 $44,241.75 $988.79 $0.00 $250.15 $45,480.69
42 $45,480.69 $988.79 $0.00 $257.15 $46,726.63
43 $46,726.63 $988.79 $0.00 $264.20 $47,979.62
44 $47,979.62 $988.79 $0.00 $271.28 $49,239.69
45 $49,239.69 $988.79 $0.00 $278.41 $50,506.89
46 $50,506.89 $988.79 $0.00 $285.57 $51,781.25
47 $51,781.25 $988.79 $0.00 $292.78 $53,062.82
48 $53,062.82 $988.79 $0.00 $300.02 $54,351.63
49 $54,351.63 $988.79 $0.00 $307.31 $55,647.73
50 $55,647.73 $988.79 $0.00 $314.64 $56,951.16
51 $56,951.16 $988.79 $0.00 $322.01 $58,261.96
52 $58,261.96 $988.79 $0.00 $329.42 $59,580.17
53 $59,580.17 $988.79 $0.00 $336.87 $60,905.83
54 $60,905.83 $988.79 $0.00 $344.37 $62,238.99
55 $62,238.99 $988.79 $0.00 $351.91 $63,579.69
56 $63,579.69 $988.79 $0.00 $359.49 $64,927.97
57 $64,927.97 $988.79 $0.00 $367.11 $66,283.87
58 $66,283.87 $988.79 $0.00 $374.78 $67,647.44
59 $67,647.44 $988.79 $0.00 $382.49 $69,018.72
60 $69,018.72 $988.79 $0.00 $390.24 $70,397.75
61 $70,397.75 $988.79 $0.00 $398.04 $71,784.58
62 $71,784.58 $988.79 $0.00 $405.88 $73,179.25
63 $73,179.25 $988.79 $0.00 $413.77 $74,581.81
64 $74,581.81 $988.79 $0.00 $421.70 $75,992.30
65 $75,992.30 $988.79 $0.00 $429.67 $77,410.76
66 $77,410.76 $988.79 $0.00 $437.69 $78,837.24
67 $78,837.24 $988.79 $0.00 $445.76 $80,271.79
68 $80,271.79 $988.79 $0.00 $453.87 $81,714.45
69 $81,714.45 $988.79 $0.00 $462.03 $83,165.27
70 $83,165.27 $988.79 $0.00 $470.23 $84,624.29
71 $84,624.29 $988.79 $0.00 $478.48 $86,091.56
72 $86,091.56 $988.79 $0.00 $486.77 $87,567.12
73 $87,567.12 $988.79 $0.00 $495.12 $89,051.03
74 $89,051.03 $988.79 $0.00 $503.51 $90,543.33
75 $90,543.33 $988.79 $0.00 $511.95 $92,044.07
76 $92,044.07 $988.79 $0.00 $520.43 $93,553.29
77 $93,553.29 $988.79 $0.00 $528.96 $95,071.04
78 $95,071.04 $988.79 $0.00 $537.55 $96,597.38
79 $96,597.38 $988.79 $0.00 $546.18 $98,132.35
80 $98,132.35 $988.79 $0.00 $554.85 $99,675.99
81 $99,675.99 $988.79 $0.00 $563.58 $101,228.36
82 $101,228.36 $988.79 $0.00 $572.36 $102,789.51
83 $102,789.51 $988.79 $0.00 $581.19 $104,359.49
84 $104,359.49 $988.79 $0.00 $590.06 $105,938.34
85 $105,938.34 $988.79 $0.00 $598.99 $107,526.12
86 $107,526.12 $988.79 $0.00 $607.97 $109,122.88
87 $109,122.88 $988.79 $0.00 $617.00 $110,728.67
88 $110,728.67 $988.79 $0.00 $626.08 $112,343.54
89 $112,343.54 $988.79 $0.00 $635.21 $113,967.54
90 $113,967.54 $988.79 $0.00 $644.39 $115,600.72
91 $115,600.72 $988.79 $0.00 $653.62 $117,243.13
92 $117,243.13 $988.79 $0.00 $662.91 $118,894.83
93 $118,894.83 $988.79 $0.00 $672.25 $120,555.87
94 $120,555.87 $988.79 $0.00 $681.64 $122,226.30
95 $122,226.30 $988.79 $0.00 $691.09 $123,906.18
96 $123,906.18 $988.79 $0.00 $700.58 $125,595.55
97 $125,595.55 $988.79 $0.00 $710.14 $127,294.48
98 $127,294.48 $988.79 $0.00 $719.74 $129,003.01
99 $129,003.01 $988.79 $0.00 $729.40 $130,721.20
100 $130,721.20 $988.79 $0.00 $739.12 $132,449.11
101 $132,449.11 $988.79 $0.00 $748.89 $134,186.79
102 $134,186.79 $988.79 $0.00 $758.71 $135,934.29
103 $135,934.29 $988.79 $0.00 $768.59 $137,691.67
104 $137,691.67 $988.79 $0.00 $778.53 $139,458.99
105 $139,458.99 $988.79 $0.00 $788.52 $141,236.30
106 $141,236.30 $988.79 $0.00 $798.57 $143,023.66
107 $143,023.66 $988.79 $0.00 $808.68 $144,821.13
108 $144,821.13 $988.79 $0.00 $818.84 $146,628.76
109 $146,628.76 $988.79 $0.00 $829.06 $148,446.61
110 $148,446.61 $988.79 $0.00 $839.34 $150,274.74
111 $150,274.74 $988.79 $0.00 $849.68 $152,113.21
112 $152,113.21 $988.79 $0.00 $860.07 $153,962.07
113 $153,962.07 $988.79 $0.00 $870.52 $155,821.38
114 $155,821.38 $988.79 $0.00 $881.04 $157,691.21
115 $157,691.21 $988.79 $0.00 $891.61 $159,571.61
116 $159,571.61 $988.79 $0.00 $902.24 $161,462.64
117 $161,462.64 $988.79 $0.00 $912.93 $163,364.36
118 $163,364.36 $988.79 $0.00 $923.69 $165,276.84
119 $165,276.84 $988.79 $0.00 $934.50 $167,200.13
120 $167,200.13 $988.79 $0.00 $945.37 $169,134.29
121 $169,134.29 $988.79 $0.00 $956.31 $171,079.39
122 $171,079.39 $988.79 $0.00 $967.31 $173,035.49
123 $173,035.49 $988.79 $0.00 $978.37 $175,002.65
124 $175,002.65 $988.79 $0.00 $989.49 $176,980.93
125 $176,980.93 $988.79 $0.00 $1,000.68 $178,970.40
126 $178,970.40 $988.79 $0.00 $1,011.92 $180,971.11
127 $180,971.11 $988.79 $0.00 $1,023.24 $182,983.14
128 $182,983.14 $988.79 $0.00 $1,034.61 $185,006.54
129 $185,006.54 $988.79 $0.00 $1,046.05 $187,041.38
130 $187,041.38 $988.79 $0.00 $1,057.56 $189,087.73
131 $189,087.73 $988.79 $0.00 $1,069.13 $191,145.65
132 $191,145.65 $988.79 $0.00 $1,080.77 $193,215.21
133 $193,215.21 $988.79 $0.00 $1,092.47 $195,296.47
134 $195,296.47 $988.79 $0.00 $1,104.23 $197,389.49
135 $197,389.49 $988.79 $0.00 $1,116.07 $199,494.35
136 $199,494.35 $988.79 $0.00 $1,127.97 $201,611.11
137 $201,611.11 $988.79 $0.00 $1,139.94 $203,739.84
138 $203,739.84 $988.79 $0.00 $1,151.97 $205,880.60
139 $205,880.60 $988.79 $0.00 $1,164.08 $208,033.47
140 $208,033.47 $988.79 $0.00 $1,176.25 $210,198.51
141 $210,198.51 $988.79 $0.00 $1,188.49 $212,375.79
142 $212,375.79 $988.79 $0.00 $1,200.80 $214,565.38
143 $214,565.38 $988.79 $0.00 $1,213.18 $216,767.35
144 $216,767.35 $988.79 $0.00 $1,225.63 $218,981.77
145 $218,981.77 $988.79 $0.00 $1,238.15 $221,208.71
146 $221,208.71 $988.79 $0.00 $1,250.75 $223,448.25
147 $223,448.25 $988.79 $0.00 $1,263.41 $225,700.45
148 $225,700.45 $988.79 $0.00 $1,276.14 $227,965.38
149 $227,965.38 $988.79 $0.00 $1,288.95 $230,243.12
150 $230,243.12 $988.79 $0.00 $1,301.83 $232,533.74
151 $232,533.74 $988.79 $0.00 $1,314.78 $234,837.31
152 $234,837.31 $988.79 $0.00 $1,327.80 $237,153.90
153 $237,153.90 $988.79 $0.00 $1,340.90 $239,483.59
154 $239,483.59 $988.79 $0.00 $1,354.08 $241,826.46
155 $241,826.46 $988.79 $0.00 $1,367.32 $244,182.57
156 $244,182.57 $988.79 $0.00 $1,380.64 $246,552.00
157 $246,552.00 $988.79 $0.00 $1,394.04 $248,934.83
158 $248,934.83 $988.79 $0.00 $1,407.51 $251,331.13
159 $251,331.13 $988.79 $0.00 $1,421.06 $253,740.98
160 $253,740.98 $988.79 $0.00 $1,434.69 $256,164.46
161 $256,164.46 $988.79 $0.00 $1,448.39 $258,601.64
162 $258,601.64 $988.79 $0.00 $1,462.17 $261,052.60
163 $261,052.60 $988.79 $0.00 $1,476.03 $263,517.42
164 $263,517.42 $988.79 $0.00 $1,489.97 $265,996.18
165 $265,996.18 $988.79 $0.00 $1,503.98 $268,488.95
166 $268,488.95 $988.79 $0.00 $1,518.08 $270,995.82
167 $270,995.82 $988.79 $0.00 $1,532.25 $273,516.86
168 $273,516.86 $988.79 $0.00 $1,546.50 $276,052.15
169 $276,052.15 $988.79 $0.00 $1,560.84 $278,601.78
170 $278,601.78 $988.79 $0.00 $1,575.25 $281,165.82
171 $281,165.82 $988.79 $0.00 $1,589.75 $283,744.36
172 $283,744.36 $988.79 $0.00 $1,604.33 $286,337.48
173 $286,337.48 $988.79 $0.00 $1,618.99 $288,945.26
174 $288,945.26 $988.79 $0.00 $1,633.74 $291,567.79
175 $291,567.79 $988.79 $0.00 $1,648.57 $294,205.15
176 $294,205.15 $988.79 $0.00 $1,663.48 $296,857.42
177 $296,857.42 $988.79 $0.00 $1,678.48 $299,524.69
178 $299,524.69 $988.79 $0.00 $1,693.56 $302,207.04
179 $302,207.04 $988.79 $0.00 $1,708.72 $304,904.55
180 $304,904.55 $988.79 $0.00 $1,723.97 $307,617.31
181 $307,617.31 $988.79 $0.00 $1,739.31 $310,345.41
182 $310,345.41 $988.79 $0.00 $1,754.74 $313,088.94
183 $313,088.94 $988.79 $0.00 $1,770.25 $315,847.98
184 $315,847.98 $988.79 $0.00 $1,785.85 $318,622.62
185 $318,622.62 $988.79 $0.00 $1,801.54 $321,412.95
186 $321,412.95 $988.79 $0.00 $1,817.32 $324,219.06
187 $324,219.06 $988.79 $0.00 $1,833.18 $327,041.03
188 $327,041.03 $988.79 $0.00 $1,849.14 $329,878.96
189 $329,878.96 $988.79 $0.00 $1,865.18 $332,732.93
190 $332,732.93 $988.79 $0.00 $1,881.32 $335,603.04
191 $335,603.04 $988.79 $0.00 $1,897.55 $338,489.38
192 $338,489.38 $988.79 $0.00 $1,913.87 $341,392.04
193 $341,392.04 $988.79 $0.00 $1,930.28 $344,311.11
194 $344,311.11 $988.79 $0.00 $1,946.79 $347,246.69
195 $347,246.69 $988.79 $0.00 $1,963.38 $350,198.86
196 $350,198.86 $988.79 $0.00 $1,980.08 $353,167.73
197 $353,167.73 $988.79 $0.00 $1,996.86 $356,153.38
198 $356,153.38 $988.79 $0.00 $2,013.74 $359,155.91
199 $359,155.91 $988.79 $0.00 $2,030.72 $362,175.42
200 $362,175.42 $988.79 $0.00 $2,047.79 $365,212.00
201 $365,212.00 $988.79 $0.00 $2,064.96 $368,265.75
202 $368,265.75 $988.79 $0.00 $2,082.23 $371,336.77
203 $371,336.77 $988.79 $0.00 $2,099.59 $374,425.15
204 $374,425.15 $988.79 $0.00 $2,117.05 $377,530.99
205 $377,530.99 $988.79 $0.00 $2,134.62 $380,654.40
206 $380,654.40 $988.79 $0.00 $2,152.28 $383,795.47
207 $383,795.47 $988.79 $0.00 $2,170.04 $386,954.30
208 $386,954.30 $988.79 $0.00 $2,187.90 $390,130.99
209 $390,130.99 $988.79 $0.00 $2,205.86 $393,325.64
210 $393,325.64 $988.79 $0.00 $2,223.92 $396,538.35
211 $396,538.35 $988.79 $0.00 $2,242.09 $399,769.23
212 $399,769.23 $988.79 $0.00 $2,260.35 $403,018.37
213 $403,018.37 $988.79 $0.00 $2,278.72 $406,285.88
214 $406,285.88 $988.79 $0.00 $2,297.20 $409,571.87
215 $409,571.87 $988.79 $0.00 $2,315.78 $412,876.44
216 $412,876.44 $988.79 $0.00 $2,334.46 $416,199.69
217 $416,199.69 $988.79 $112,713.98 $2,353.25 $306,827.75
218 $306,827.75 $988.79 $0.00 $1,734.85 $309,551.39
219 $309,551.39 $988.79 $0.00 $1,750.25 $312,290.43
220 $312,290.43 $988.79 $0.00 $1,765.74 $315,044.96
221 $315,044.96 $988.79 $0.00 $1,781.31 $317,815.06
222 $317,815.06 $988.79 $0.00 $1,796.97 $320,600.82
223 $320,600.82 $988.79 $0.00 $1,812.72 $323,402.33
224 $323,402.33 $988.79 $0.00 $1,828.56 $326,219.68
225 $326,219.68 $988.79 $0.00 $1,844.49 $329,052.96
226 $329,052.96 $988.79 $0.00 $1,860.51 $331,902.26
227 $331,902.26 $988.79 $0.00 $1,876.62 $334,767.67
228 $334,767.67 $988.79 $0.00 $1,892.83 $337,649.29
229 $337,649.29 $988.79 $120,603.96 $1,909.12 $219,943.24
230 $219,943.24 $988.79 $0.00 $1,243.59 $222,175.62
231 $222,175.62 $988.79 $0.00 $1,256.21 $224,420.62
232 $224,420.62 $988.79 $0.00 $1,268.91 $226,678.32
233 $226,678.32 $988.79 $0.00 $1,281.67 $228,948.78
234 $228,948.78 $988.79 $0.00 $1,294.51 $231,232.08
235 $231,232.08 $988.79 $0.00 $1,307.42 $233,528.29
236 $233,528.29 $988.79 $0.00 $1,320.40 $235,837.48
237 $235,837.48 $988.79 $0.00 $1,333.46 $238,159.73
238 $238,159.73 $988.79 $0.00 $1,346.59 $240,495.11
239 $240,495.11 $988.79 $0.00 $1,359.79 $242,843.69
240 $242,843.69 $988.79 $0.00 $1,373.07 $245,205.55
241 $245,205.55 $988.79 $129,046.24 $1,386.43 $118,534.53
242 $118,534.53 $988.79 $0.00 $670.21 $120,193.53
243 $120,193.53 $988.79 $0.00 $679.59 $121,861.91
244 $121,861.91 $988.79 $0.00 $689.02 $123,539.72
245 $123,539.72 $988.79 $0.00 $698.51 $125,227.02
246 $125,227.02 $988.79 $0.00 $708.05 $126,923.86
247 $126,923.86 $988.79 $0.00 $717.65 $128,630.30
248 $128,630.30 $988.79 $0.00 $727.29 $130,346.38
249 $130,346.38 $988.79 $0.00 $737.00 $132,072.17
250 $132,072.17 $988.79 $0.00 $746.76 $133,807.72
251 $133,807.72 $988.79 $0.00 $756.57 $135,553.08
252 $135,553.08 $988.79 $0.00 $766.44 $137,308.31
253 $137,308.31 $0.00 $138,079.47 $776.36 $5.20