Savings Plan and Future Cost Estimation for Robert Morris University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$127,306
Monthly savings required$1,008

How much will it cost to send your child to Robert Morris University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $509,222.96 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,007.73 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$49,092.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Robert Morris University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,007.73 $0.00 $0.00 $1,007.73
2 $1,007.73 $1,007.73 $0.00 $5.70 $2,021.16
3 $2,021.16 $1,007.73 $0.00 $11.43 $3,040.32
4 $3,040.32 $1,007.73 $0.00 $17.19 $4,065.24
5 $4,065.24 $1,007.73 $0.00 $22.99 $5,095.96
6 $5,095.96 $1,007.73 $0.00 $28.81 $6,132.50
7 $6,132.50 $1,007.73 $0.00 $34.67 $7,174.90
8 $7,174.90 $1,007.73 $0.00 $40.57 $8,223.20
9 $8,223.20 $1,007.73 $0.00 $46.50 $9,277.43
10 $9,277.43 $1,007.73 $0.00 $52.46 $10,337.62
11 $10,337.62 $1,007.73 $0.00 $58.45 $11,403.80
12 $11,403.80 $1,007.73 $0.00 $64.48 $12,476.01
13 $12,476.01 $1,007.73 $0.00 $70.54 $13,554.28
14 $13,554.28 $1,007.73 $0.00 $76.64 $14,638.65
15 $14,638.65 $1,007.73 $0.00 $82.77 $15,729.15
16 $15,729.15 $1,007.73 $0.00 $88.93 $16,825.81
17 $16,825.81 $1,007.73 $0.00 $95.14 $17,928.68
18 $17,928.68 $1,007.73 $0.00 $101.37 $19,037.78
19 $19,037.78 $1,007.73 $0.00 $107.64 $20,153.15
20 $20,153.15 $1,007.73 $0.00 $113.95 $21,274.83
21 $21,274.83 $1,007.73 $0.00 $120.29 $22,402.85
22 $22,402.85 $1,007.73 $0.00 $126.67 $23,537.25
23 $23,537.25 $1,007.73 $0.00 $133.08 $24,678.06
24 $24,678.06 $1,007.73 $0.00 $139.53 $25,825.32
25 $25,825.32 $1,007.73 $0.00 $146.02 $26,979.07
26 $26,979.07 $1,007.73 $0.00 $152.54 $28,139.34
27 $28,139.34 $1,007.73 $0.00 $159.10 $29,306.17
28 $29,306.17 $1,007.73 $0.00 $165.70 $30,479.60
29 $30,479.60 $1,007.73 $0.00 $172.34 $31,659.67
30 $31,659.67 $1,007.73 $0.00 $179.01 $32,846.41
31 $32,846.41 $1,007.73 $0.00 $185.72 $34,039.86
32 $34,039.86 $1,007.73 $0.00 $192.47 $35,240.06
33 $35,240.06 $1,007.73 $0.00 $199.25 $36,447.04
34 $36,447.04 $1,007.73 $0.00 $206.08 $37,660.85
35 $37,660.85 $1,007.73 $0.00 $212.94 $38,881.52
36 $38,881.52 $1,007.73 $0.00 $219.84 $40,109.09
37 $40,109.09 $1,007.73 $0.00 $226.78 $41,343.60
38 $41,343.60 $1,007.73 $0.00 $233.76 $42,585.09
39 $42,585.09 $1,007.73 $0.00 $240.78 $43,833.60
40 $43,833.60 $1,007.73 $0.00 $247.84 $45,089.17
41 $45,089.17 $1,007.73 $0.00 $254.94 $46,351.84
42 $46,351.84 $1,007.73 $0.00 $262.08 $47,621.65
43 $47,621.65 $1,007.73 $0.00 $269.26 $48,898.64
44 $48,898.64 $1,007.73 $0.00 $276.48 $50,182.85
45 $50,182.85 $1,007.73 $0.00 $283.74 $51,474.32
46 $51,474.32 $1,007.73 $0.00 $291.04 $52,773.09
47 $52,773.09 $1,007.73 $0.00 $298.39 $54,079.21
48 $54,079.21 $1,007.73 $0.00 $305.77 $55,392.71
49 $55,392.71 $1,007.73 $0.00 $313.20 $56,713.64
50 $56,713.64 $1,007.73 $0.00 $320.67 $58,042.04
51 $58,042.04 $1,007.73 $0.00 $328.18 $59,377.95
52 $59,377.95 $1,007.73 $0.00 $335.73 $60,721.41
53 $60,721.41 $1,007.73 $0.00 $343.33 $62,072.47
54 $62,072.47 $1,007.73 $0.00 $350.97 $63,431.17
55 $63,431.17 $1,007.73 $0.00 $358.65 $64,797.55
56 $64,797.55 $1,007.73 $0.00 $366.37 $66,171.65
57 $66,171.65 $1,007.73 $0.00 $374.14 $67,553.52
58 $67,553.52 $1,007.73 $0.00 $381.96 $68,943.21
59 $68,943.21 $1,007.73 $0.00 $389.81 $70,340.75
60 $70,340.75 $1,007.73 $0.00 $397.72 $71,746.20
61 $71,746.20 $1,007.73 $0.00 $405.66 $73,159.59
62 $73,159.59 $1,007.73 $0.00 $413.65 $74,580.97
63 $74,580.97 $1,007.73 $0.00 $421.69 $76,010.39
64 $76,010.39 $1,007.73 $0.00 $429.77 $77,447.89
65 $77,447.89 $1,007.73 $0.00 $437.90 $78,893.52
66 $78,893.52 $1,007.73 $0.00 $446.08 $80,347.33
67 $80,347.33 $1,007.73 $0.00 $454.30 $81,809.36
68 $81,809.36 $1,007.73 $0.00 $462.56 $83,279.65
69 $83,279.65 $1,007.73 $0.00 $470.88 $84,758.26
70 $84,758.26 $1,007.73 $0.00 $479.24 $86,245.23
71 $86,245.23 $1,007.73 $0.00 $487.64 $87,740.60
72 $87,740.60 $1,007.73 $0.00 $496.10 $89,244.43
73 $89,244.43 $1,007.73 $0.00 $504.60 $90,756.76
74 $90,756.76 $1,007.73 $0.00 $513.15 $92,277.64
75 $92,277.64 $1,007.73 $0.00 $521.75 $93,807.12
76 $93,807.12 $1,007.73 $0.00 $530.40 $95,345.25
77 $95,345.25 $1,007.73 $0.00 $539.10 $96,892.08
78 $96,892.08 $1,007.73 $0.00 $547.84 $98,447.65
79 $98,447.65 $1,007.73 $0.00 $556.64 $100,012.02
80 $100,012.02 $1,007.73 $0.00 $565.48 $101,585.23
81 $101,585.23 $1,007.73 $0.00 $574.38 $103,167.34
82 $103,167.34 $1,007.73 $0.00 $583.32 $104,758.39
83 $104,758.39 $1,007.73 $0.00 $592.32 $106,358.44
84 $106,358.44 $1,007.73 $0.00 $601.37 $107,967.54
85 $107,967.54 $1,007.73 $0.00 $610.46 $109,585.73
86 $109,585.73 $1,007.73 $0.00 $619.61 $111,213.07
87 $111,213.07 $1,007.73 $0.00 $628.81 $112,849.61
88 $112,849.61 $1,007.73 $0.00 $638.07 $114,495.41
89 $114,495.41 $1,007.73 $0.00 $647.37 $116,150.51
90 $116,150.51 $1,007.73 $0.00 $656.73 $117,814.97
91 $117,814.97 $1,007.73 $0.00 $666.14 $119,488.84
92 $119,488.84 $1,007.73 $0.00 $675.61 $121,172.18
93 $121,172.18 $1,007.73 $0.00 $685.13 $122,865.04
94 $122,865.04 $1,007.73 $0.00 $694.70 $124,567.47
95 $124,567.47 $1,007.73 $0.00 $704.32 $126,279.52
96 $126,279.52 $1,007.73 $0.00 $714.00 $128,001.25
97 $128,001.25 $1,007.73 $0.00 $723.74 $129,732.72
98 $129,732.72 $1,007.73 $0.00 $733.53 $131,473.98
99 $131,473.98 $1,007.73 $0.00 $743.37 $133,225.08
100 $133,225.08 $1,007.73 $0.00 $753.27 $134,986.08
101 $134,986.08 $1,007.73 $0.00 $763.23 $136,757.04
102 $136,757.04 $1,007.73 $0.00 $773.24 $138,538.01
103 $138,538.01 $1,007.73 $0.00 $783.31 $140,329.05
104 $140,329.05 $1,007.73 $0.00 $793.44 $142,130.22
105 $142,130.22 $1,007.73 $0.00 $803.62 $143,941.57
106 $143,941.57 $1,007.73 $0.00 $813.87 $145,763.17
107 $145,763.17 $1,007.73 $0.00 $824.17 $147,595.07
108 $147,595.07 $1,007.73 $0.00 $834.52 $149,437.32
109 $149,437.32 $1,007.73 $0.00 $844.94 $151,289.99
110 $151,289.99 $1,007.73 $0.00 $855.42 $153,153.14
111 $153,153.14 $1,007.73 $0.00 $865.95 $155,026.82
112 $155,026.82 $1,007.73 $0.00 $876.54 $156,911.09
113 $156,911.09 $1,007.73 $0.00 $887.20 $158,806.02
114 $158,806.02 $1,007.73 $0.00 $897.91 $160,711.66
115 $160,711.66 $1,007.73 $0.00 $908.69 $162,628.08
116 $162,628.08 $1,007.73 $0.00 $919.52 $164,555.33
117 $164,555.33 $1,007.73 $0.00 $930.42 $166,493.48
118 $166,493.48 $1,007.73 $0.00 $941.38 $168,442.59
119 $168,442.59 $1,007.73 $0.00 $952.40 $170,402.72
120 $170,402.72 $1,007.73 $0.00 $963.48 $172,373.93
121 $172,373.93 $1,007.73 $0.00 $974.63 $174,356.29
122 $174,356.29 $1,007.73 $0.00 $985.84 $176,349.86
123 $176,349.86 $1,007.73 $0.00 $997.11 $178,354.70
124 $178,354.70 $1,007.73 $0.00 $1,008.44 $180,370.87
125 $180,370.87 $1,007.73 $0.00 $1,019.84 $182,398.44
126 $182,398.44 $1,007.73 $0.00 $1,031.31 $184,437.48
127 $184,437.48 $1,007.73 $0.00 $1,042.84 $186,488.05
128 $186,488.05 $1,007.73 $0.00 $1,054.43 $188,550.21
129 $188,550.21 $1,007.73 $0.00 $1,066.09 $190,624.03
130 $190,624.03 $1,007.73 $0.00 $1,077.82 $192,709.58
131 $192,709.58 $1,007.73 $0.00 $1,089.61 $194,806.92
132 $194,806.92 $1,007.73 $0.00 $1,101.47 $196,916.12
133 $196,916.12 $1,007.73 $0.00 $1,113.39 $199,037.24
134 $199,037.24 $1,007.73 $0.00 $1,125.39 $201,170.36
135 $201,170.36 $1,007.73 $0.00 $1,137.45 $203,315.54
136 $203,315.54 $1,007.73 $0.00 $1,149.58 $205,472.85
137 $205,472.85 $1,007.73 $0.00 $1,161.77 $207,642.35
138 $207,642.35 $1,007.73 $0.00 $1,174.04 $209,824.12
139 $209,824.12 $1,007.73 $0.00 $1,186.38 $212,018.23
140 $212,018.23 $1,007.73 $0.00 $1,198.78 $214,224.74
141 $214,224.74 $1,007.73 $0.00 $1,211.26 $216,443.73
142 $216,443.73 $1,007.73 $0.00 $1,223.80 $218,675.26
143 $218,675.26 $1,007.73 $0.00 $1,236.42 $220,919.41
144 $220,919.41 $1,007.73 $0.00 $1,249.11 $223,176.25
145 $223,176.25 $1,007.73 $0.00 $1,261.87 $225,445.85
146 $225,445.85 $1,007.73 $0.00 $1,274.70 $227,728.28
147 $227,728.28 $1,007.73 $0.00 $1,287.61 $230,023.62
148 $230,023.62 $1,007.73 $0.00 $1,300.59 $232,331.94
149 $232,331.94 $1,007.73 $0.00 $1,313.64 $234,653.31
150 $234,653.31 $1,007.73 $0.00 $1,326.76 $236,987.80
151 $236,987.80 $1,007.73 $0.00 $1,339.96 $239,335.49
152 $239,335.49 $1,007.73 $0.00 $1,353.24 $241,696.46
153 $241,696.46 $1,007.73 $0.00 $1,366.59 $244,070.78
154 $244,070.78 $1,007.73 $0.00 $1,380.01 $246,458.52
155 $246,458.52 $1,007.73 $0.00 $1,393.51 $248,859.76
156 $248,859.76 $1,007.73 $0.00 $1,407.09 $251,274.58
157 $251,274.58 $1,007.73 $0.00 $1,420.74 $253,703.05
158 $253,703.05 $1,007.73 $0.00 $1,434.47 $256,145.25
159 $256,145.25 $1,007.73 $0.00 $1,448.28 $258,601.26
160 $258,601.26 $1,007.73 $0.00 $1,462.17 $261,071.16
161 $261,071.16 $1,007.73 $0.00 $1,476.13 $263,555.02
162 $263,555.02 $1,007.73 $0.00 $1,490.18 $266,052.93
163 $266,052.93 $1,007.73 $0.00 $1,504.30 $268,564.96
164 $268,564.96 $1,007.73 $0.00 $1,518.51 $271,091.20
165 $271,091.20 $1,007.73 $0.00 $1,532.79 $273,631.72
166 $273,631.72 $1,007.73 $0.00 $1,547.15 $276,186.60
167 $276,186.60 $1,007.73 $0.00 $1,561.60 $278,755.93
168 $278,755.93 $1,007.73 $0.00 $1,576.13 $281,339.79
169 $281,339.79 $1,007.73 $0.00 $1,590.74 $283,938.26
170 $283,938.26 $1,007.73 $0.00 $1,605.43 $286,551.42
171 $286,551.42 $1,007.73 $0.00 $1,620.20 $289,179.35
172 $289,179.35 $1,007.73 $0.00 $1,635.06 $291,822.14
173 $291,822.14 $1,007.73 $0.00 $1,650.00 $294,479.87
174 $294,479.87 $1,007.73 $0.00 $1,665.03 $297,152.63
175 $297,152.63 $1,007.73 $0.00 $1,680.14 $299,840.50
176 $299,840.50 $1,007.73 $0.00 $1,695.34 $302,543.57
177 $302,543.57 $1,007.73 $0.00 $1,710.63 $305,261.93
178 $305,261.93 $1,007.73 $0.00 $1,726.00 $307,995.66
179 $307,995.66 $1,007.73 $0.00 $1,741.45 $310,744.84
180 $310,744.84 $1,007.73 $0.00 $1,757.00 $313,509.57
181 $313,509.57 $1,007.73 $0.00 $1,772.63 $316,289.93
182 $316,289.93 $1,007.73 $0.00 $1,788.35 $319,086.01
183 $319,086.01 $1,007.73 $0.00 $1,804.16 $321,897.90
184 $321,897.90 $1,007.73 $0.00 $1,820.06 $324,725.69
185 $324,725.69 $1,007.73 $0.00 $1,836.05 $327,569.47
186 $327,569.47 $1,007.73 $0.00 $1,852.13 $330,429.33
187 $330,429.33 $1,007.73 $0.00 $1,868.30 $333,305.36
188 $333,305.36 $1,007.73 $0.00 $1,884.56 $336,197.65
189 $336,197.65 $1,007.73 $0.00 $1,900.91 $339,106.29
190 $339,106.29 $1,007.73 $0.00 $1,917.36 $342,031.38
191 $342,031.38 $1,007.73 $0.00 $1,933.90 $344,973.01
192 $344,973.01 $1,007.73 $0.00 $1,950.53 $347,931.27
193 $347,931.27 $1,007.73 $0.00 $1,967.25 $350,906.25
194 $350,906.25 $1,007.73 $0.00 $1,984.07 $353,898.05
195 $353,898.05 $1,007.73 $0.00 $2,000.99 $356,906.77
196 $356,906.77 $1,007.73 $0.00 $2,018.00 $359,932.50
197 $359,932.50 $1,007.73 $0.00 $2,035.11 $362,975.34
198 $362,975.34 $1,007.73 $0.00 $2,052.32 $366,035.39
199 $366,035.39 $1,007.73 $0.00 $2,069.62 $369,112.74
200 $369,112.74 $1,007.73 $0.00 $2,087.02 $372,207.49
201 $372,207.49 $1,007.73 $0.00 $2,104.52 $375,319.74
202 $375,319.74 $1,007.73 $0.00 $2,122.11 $378,449.58
203 $378,449.58 $1,007.73 $0.00 $2,139.81 $381,597.12
204 $381,597.12 $1,007.73 $0.00 $2,157.61 $384,762.46
205 $384,762.46 $1,007.73 $0.00 $2,175.50 $387,945.69
206 $387,945.69 $1,007.73 $0.00 $2,193.50 $391,146.92
207 $391,146.92 $1,007.73 $0.00 $2,211.60 $394,366.25
208 $394,366.25 $1,007.73 $0.00 $2,229.80 $397,603.78
209 $397,603.78 $1,007.73 $0.00 $2,248.11 $400,859.62
210 $400,859.62 $1,007.73 $0.00 $2,266.52 $404,133.87
211 $404,133.87 $1,007.73 $0.00 $2,285.03 $407,426.63
212 $407,426.63 $1,007.73 $0.00 $2,303.65 $410,738.01
213 $410,738.01 $1,007.73 $0.00 $2,322.37 $414,068.11
214 $414,068.11 $1,007.73 $0.00 $2,341.20 $417,417.04
215 $417,417.04 $1,007.73 $0.00 $2,360.14 $420,784.91
216 $420,784.91 $1,007.73 $0.00 $2,379.18 $424,171.82
217 $424,171.82 $1,007.73 $118,145.75 $2,398.33 $309,432.13
218 $309,432.13 $1,007.73 $0.00 $1,749.57 $312,189.43
219 $312,189.43 $1,007.73 $0.00 $1,765.16 $314,962.32
220 $314,962.32 $1,007.73 $0.00 $1,780.84 $317,750.89
221 $317,750.89 $1,007.73 $0.00 $1,796.61 $320,555.23
222 $320,555.23 $1,007.73 $0.00 $1,812.47 $323,375.43
223 $323,375.43 $1,007.73 $0.00 $1,828.41 $326,211.57
224 $326,211.57 $1,007.73 $0.00 $1,844.45 $329,063.75
225 $329,063.75 $1,007.73 $0.00 $1,860.57 $331,932.05
226 $331,932.05 $1,007.73 $0.00 $1,876.79 $334,816.57
227 $334,816.57 $1,007.73 $0.00 $1,893.10 $337,717.40
228 $337,717.40 $1,007.73 $0.00 $1,909.50 $340,634.63
229 $340,634.63 $1,007.73 $124,053.04 $1,926.00 $219,515.32
230 $219,515.32 $1,007.73 $0.00 $1,241.17 $221,764.22
231 $221,764.22 $1,007.73 $0.00 $1,253.89 $224,025.84
232 $224,025.84 $1,007.73 $0.00 $1,266.67 $226,300.24
233 $226,300.24 $1,007.73 $0.00 $1,279.53 $228,587.50
234 $228,587.50 $1,007.73 $0.00 $1,292.47 $230,887.70
235 $230,887.70 $1,007.73 $0.00 $1,305.47 $233,200.90
236 $233,200.90 $1,007.73 $0.00 $1,318.55 $235,527.18
237 $235,527.18 $1,007.73 $0.00 $1,331.70 $237,866.61
238 $237,866.61 $1,007.73 $0.00 $1,344.93 $240,219.27
239 $240,219.27 $1,007.73 $0.00 $1,358.23 $242,585.23
240 $242,585.23 $1,007.73 $0.00 $1,371.61 $244,964.57
241 $244,964.57 $1,007.73 $130,255.69 $1,385.07 $117,101.68
242 $117,101.68 $1,007.73 $0.00 $662.11 $118,771.52
243 $118,771.52 $1,007.73 $0.00 $671.55 $120,450.80
244 $120,450.80 $1,007.73 $0.00 $681.05 $122,139.58
245 $122,139.58 $1,007.73 $0.00 $690.59 $123,837.90
246 $123,837.90 $1,007.73 $0.00 $700.20 $125,545.83
247 $125,545.83 $1,007.73 $0.00 $709.85 $127,263.41
248 $127,263.41 $1,007.73 $0.00 $719.57 $128,990.71
249 $128,990.71 $1,007.73 $0.00 $729.33 $130,727.77
250 $130,727.77 $1,007.73 $0.00 $739.15 $132,474.65
251 $132,474.65 $1,007.73 $0.00 $749.03 $134,231.41
252 $134,231.41 $1,007.73 $0.00 $758.96 $135,998.10
253 $135,998.10 $0.00 $136,768.48 $768.95 ($1.43)