Savings Plan and Future Cost Estimation for Midwestern State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$56,820
Monthly savings required$450

How much will it cost to send your child to Midwestern State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $227,279.07 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $449.77 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$21,911.00
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 $449.77 $0.00 $0.00 $449.77
2 $449.77 $449.77 $0.00 $2.54 $902.08
3 $902.08 $449.77 $0.00 $5.10 $1,356.95
4 $1,356.95 $449.77 $0.00 $7.67 $1,814.39
5 $1,814.39 $449.77 $0.00 $10.26 $2,274.42
6 $2,274.42 $449.77 $0.00 $12.86 $2,737.05
7 $2,737.05 $449.77 $0.00 $15.48 $3,202.30
8 $3,202.30 $449.77 $0.00 $18.11 $3,670.18
9 $3,670.18 $449.77 $0.00 $20.75 $4,140.70
10 $4,140.70 $449.77 $0.00 $23.41 $4,613.88
11 $4,613.88 $449.77 $0.00 $26.09 $5,089.74
12 $5,089.74 $449.77 $0.00 $28.78 $5,568.29
13 $5,568.29 $449.77 $0.00 $31.48 $6,049.54
14 $6,049.54 $449.77 $0.00 $34.20 $6,533.51
15 $6,533.51 $449.77 $0.00 $36.94 $7,020.22
16 $7,020.22 $449.77 $0.00 $39.69 $7,509.68
17 $7,509.68 $449.77 $0.00 $42.46 $8,001.91
18 $8,001.91 $449.77 $0.00 $45.24 $8,496.92
19 $8,496.92 $449.77 $0.00 $48.04 $8,994.73
20 $8,994.73 $449.77 $0.00 $50.86 $9,495.36
21 $9,495.36 $449.77 $0.00 $53.69 $9,998.82
22 $9,998.82 $449.77 $0.00 $56.53 $10,505.12
23 $10,505.12 $449.77 $0.00 $59.40 $11,014.29
24 $11,014.29 $449.77 $0.00 $62.28 $11,526.34
25 $11,526.34 $449.77 $0.00 $65.17 $12,041.28
26 $12,041.28 $449.77 $0.00 $68.08 $12,559.13
27 $12,559.13 $449.77 $0.00 $71.01 $13,079.91
28 $13,079.91 $449.77 $0.00 $73.96 $13,603.64
29 $13,603.64 $449.77 $0.00 $76.92 $14,130.33
30 $14,130.33 $449.77 $0.00 $79.89 $14,659.99
31 $14,659.99 $449.77 $0.00 $82.89 $15,192.65
32 $15,192.65 $449.77 $0.00 $85.90 $15,728.32
33 $15,728.32 $449.77 $0.00 $88.93 $16,267.02
34 $16,267.02 $449.77 $0.00 $91.98 $16,808.77
35 $16,808.77 $449.77 $0.00 $95.04 $17,353.58
36 $17,353.58 $449.77 $0.00 $98.12 $17,901.47
37 $17,901.47 $449.77 $0.00 $101.22 $18,452.46
38 $18,452.46 $449.77 $0.00 $104.33 $19,006.56
39 $19,006.56 $449.77 $0.00 $107.47 $19,563.80
40 $19,563.80 $449.77 $0.00 $110.62 $20,124.19
41 $20,124.19 $449.77 $0.00 $113.79 $20,687.75
42 $20,687.75 $449.77 $0.00 $116.97 $21,254.49
43 $21,254.49 $449.77 $0.00 $120.18 $21,824.44
44 $21,824.44 $449.77 $0.00 $123.40 $22,397.61
45 $22,397.61 $449.77 $0.00 $126.64 $22,974.02
46 $22,974.02 $449.77 $0.00 $129.90 $23,553.69
47 $23,553.69 $449.77 $0.00 $133.18 $24,136.64
48 $24,136.64 $449.77 $0.00 $136.47 $24,722.88
49 $24,722.88 $449.77 $0.00 $139.79 $25,312.44
50 $25,312.44 $449.77 $0.00 $143.12 $25,905.33
51 $25,905.33 $449.77 $0.00 $146.47 $26,501.57
52 $26,501.57 $449.77 $0.00 $149.84 $27,101.18
53 $27,101.18 $449.77 $0.00 $153.23 $27,704.18
54 $27,704.18 $449.77 $0.00 $156.64 $28,310.59
55 $28,310.59 $449.77 $0.00 $160.07 $28,920.43
56 $28,920.43 $449.77 $0.00 $163.52 $29,533.72
57 $29,533.72 $449.77 $0.00 $166.99 $30,150.48
58 $30,150.48 $449.77 $0.00 $170.48 $30,770.73
59 $30,770.73 $449.77 $0.00 $173.98 $31,394.48
60 $31,394.48 $449.77 $0.00 $177.51 $32,021.76
61 $32,021.76 $449.77 $0.00 $181.06 $32,652.59
62 $32,652.59 $449.77 $0.00 $184.62 $33,286.98
63 $33,286.98 $449.77 $0.00 $188.21 $33,924.96
64 $33,924.96 $449.77 $0.00 $191.82 $34,566.55
65 $34,566.55 $449.77 $0.00 $195.44 $35,211.76
66 $35,211.76 $449.77 $0.00 $199.09 $35,860.62
67 $35,860.62 $449.77 $0.00 $202.76 $36,513.15
68 $36,513.15 $449.77 $0.00 $206.45 $37,169.37
69 $37,169.37 $449.77 $0.00 $210.16 $37,829.30
70 $37,829.30 $449.77 $0.00 $213.89 $38,492.96
71 $38,492.96 $449.77 $0.00 $217.64 $39,160.37
72 $39,160.37 $449.77 $0.00 $221.42 $39,831.56
73 $39,831.56 $449.77 $0.00 $225.21 $40,506.54
74 $40,506.54 $449.77 $0.00 $229.03 $41,185.34
75 $41,185.34 $449.77 $0.00 $232.87 $41,867.98
76 $41,867.98 $449.77 $0.00 $236.73 $42,554.48
77 $42,554.48 $449.77 $0.00 $240.61 $43,244.86
78 $43,244.86 $449.77 $0.00 $244.51 $43,939.14
79 $43,939.14 $449.77 $0.00 $248.44 $44,637.35
80 $44,637.35 $449.77 $0.00 $252.39 $45,339.51
81 $45,339.51 $449.77 $0.00 $256.36 $46,045.64
82 $46,045.64 $449.77 $0.00 $260.35 $46,755.76
83 $46,755.76 $449.77 $0.00 $264.36 $47,469.89
84 $47,469.89 $449.77 $0.00 $268.40 $48,188.06
85 $48,188.06 $449.77 $0.00 $272.46 $48,910.29
86 $48,910.29 $449.77 $0.00 $276.55 $49,636.61
87 $49,636.61 $449.77 $0.00 $280.65 $50,367.03
88 $50,367.03 $449.77 $0.00 $284.78 $51,101.58
89 $51,101.58 $449.77 $0.00 $288.94 $51,840.29
90 $51,840.29 $449.77 $0.00 $293.11 $52,583.17
91 $52,583.17 $449.77 $0.00 $297.31 $53,330.25
92 $53,330.25 $449.77 $0.00 $301.54 $54,081.56
93 $54,081.56 $449.77 $0.00 $305.79 $54,837.12
94 $54,837.12 $449.77 $0.00 $310.06 $55,596.95
95 $55,596.95 $449.77 $0.00 $314.35 $56,361.07
96 $56,361.07 $449.77 $0.00 $318.67 $57,129.51
97 $57,129.51 $449.77 $0.00 $323.02 $57,902.30
98 $57,902.30 $449.77 $0.00 $327.39 $58,679.46
99 $58,679.46 $449.77 $0.00 $331.78 $59,461.01
100 $59,461.01 $449.77 $0.00 $336.20 $60,246.98
101 $60,246.98 $449.77 $0.00 $340.65 $61,037.40
102 $61,037.40 $449.77 $0.00 $345.11 $61,832.28
103 $61,832.28 $449.77 $0.00 $349.61 $62,631.66
104 $62,631.66 $449.77 $0.00 $354.13 $63,435.56
105 $63,435.56 $449.77 $0.00 $358.67 $64,244.00
106 $64,244.00 $449.77 $0.00 $363.24 $65,057.01
107 $65,057.01 $449.77 $0.00 $367.84 $65,874.62
108 $65,874.62 $449.77 $0.00 $372.46 $66,696.85
109 $66,696.85 $449.77 $0.00 $377.11 $67,523.73
110 $67,523.73 $449.77 $0.00 $381.79 $68,355.29
111 $68,355.29 $449.77 $0.00 $386.49 $69,191.55
112 $69,191.55 $449.77 $0.00 $391.22 $70,032.54
113 $70,032.54 $449.77 $0.00 $395.97 $70,878.28
114 $70,878.28 $449.77 $0.00 $400.76 $71,728.81
115 $71,728.81 $449.77 $0.00 $405.57 $72,584.15
116 $72,584.15 $449.77 $0.00 $410.40 $73,444.32
117 $73,444.32 $449.77 $0.00 $415.26 $74,309.35
118 $74,309.35 $449.77 $0.00 $420.16 $75,179.28
119 $75,179.28 $449.77 $0.00 $425.07 $76,054.12
120 $76,054.12 $449.77 $0.00 $430.02 $76,933.91
121 $76,933.91 $449.77 $0.00 $435.00 $77,818.68
122 $77,818.68 $449.77 $0.00 $440.00 $78,708.45
123 $78,708.45 $449.77 $0.00 $445.03 $79,603.25
124 $79,603.25 $449.77 $0.00 $450.09 $80,503.11
125 $80,503.11 $449.77 $0.00 $455.18 $81,408.06
126 $81,408.06 $449.77 $0.00 $460.29 $82,318.12
127 $82,318.12 $449.77 $0.00 $465.44 $83,233.33
128 $83,233.33 $449.77 $0.00 $470.61 $84,153.71
129 $84,153.71 $449.77 $0.00 $475.82 $85,079.30
130 $85,079.30 $449.77 $0.00 $481.05 $86,010.12
131 $86,010.12 $449.77 $0.00 $486.31 $86,946.20
132 $86,946.20 $449.77 $0.00 $491.61 $87,887.58
133 $87,887.58 $449.77 $0.00 $496.93 $88,834.28
134 $88,834.28 $449.77 $0.00 $502.28 $89,786.33
135 $89,786.33 $449.77 $0.00 $507.66 $90,743.76
136 $90,743.76 $449.77 $0.00 $513.08 $91,706.61
137 $91,706.61 $449.77 $0.00 $518.52 $92,674.90
138 $92,674.90 $449.77 $0.00 $524.00 $93,648.67
139 $93,648.67 $449.77 $0.00 $529.50 $94,627.94
140 $94,627.94 $449.77 $0.00 $535.04 $95,612.75
141 $95,612.75 $449.77 $0.00 $540.61 $96,603.13
142 $96,603.13 $449.77 $0.00 $546.21 $97,599.11
143 $97,599.11 $449.77 $0.00 $551.84 $98,600.72
144 $98,600.72 $449.77 $0.00 $557.50 $99,607.99
145 $99,607.99 $449.77 $0.00 $563.20 $100,620.96
146 $100,620.96 $449.77 $0.00 $568.93 $101,639.66
147 $101,639.66 $449.77 $0.00 $574.69 $102,664.12
148 $102,664.12 $449.77 $0.00 $580.48 $103,694.37
149 $103,694.37 $449.77 $0.00 $586.30 $104,730.44
150 $104,730.44 $449.77 $0.00 $592.16 $105,772.37
151 $105,772.37 $449.77 $0.00 $598.05 $106,820.19
152 $106,820.19 $449.77 $0.00 $603.98 $107,873.94
153 $107,873.94 $449.77 $0.00 $609.93 $108,933.64
154 $108,933.64 $449.77 $0.00 $615.93 $109,999.34
155 $109,999.34 $449.77 $0.00 $621.95 $111,071.06
156 $111,071.06 $449.77 $0.00 $628.01 $112,148.84
157 $112,148.84 $449.77 $0.00 $634.11 $113,232.72
158 $113,232.72 $449.77 $0.00 $640.23 $114,322.72
159 $114,322.72 $449.77 $0.00 $646.40 $115,418.89
160 $115,418.89 $449.77 $0.00 $652.60 $116,521.26
161 $116,521.26 $449.77 $0.00 $658.83 $117,629.86
162 $117,629.86 $449.77 $0.00 $665.10 $118,744.73
163 $118,744.73 $449.77 $0.00 $671.40 $119,865.90
164 $119,865.90 $449.77 $0.00 $677.74 $120,993.41
165 $120,993.41 $449.77 $0.00 $684.11 $122,127.29
166 $122,127.29 $449.77 $0.00 $690.53 $123,267.59
167 $123,267.59 $449.77 $0.00 $696.97 $124,414.33
168 $124,414.33 $449.77 $0.00 $703.46 $125,567.56
169 $125,567.56 $449.77 $0.00 $709.98 $126,727.31
170 $126,727.31 $449.77 $0.00 $716.53 $127,893.61
171 $127,893.61 $449.77 $0.00 $723.13 $129,066.51
172 $129,066.51 $449.77 $0.00 $729.76 $130,246.04
173 $130,246.04 $449.77 $0.00 $736.43 $131,432.24
174 $131,432.24 $449.77 $0.00 $743.14 $132,625.15
175 $132,625.15 $449.77 $0.00 $749.88 $133,824.80
176 $133,824.80 $449.77 $0.00 $756.66 $135,031.23
177 $135,031.23 $449.77 $0.00 $763.49 $136,244.49
178 $136,244.49 $449.77 $0.00 $770.35 $137,464.61
179 $137,464.61 $449.77 $0.00 $777.24 $138,691.62
180 $138,691.62 $449.77 $0.00 $784.18 $139,925.57
181 $139,925.57 $449.77 $0.00 $791.16 $141,166.50
182 $141,166.50 $449.77 $0.00 $798.18 $142,414.45
183 $142,414.45 $449.77 $0.00 $805.23 $143,669.45
184 $143,669.45 $449.77 $0.00 $812.33 $144,931.55
185 $144,931.55 $449.77 $0.00 $819.46 $146,200.78
186 $146,200.78 $449.77 $0.00 $826.64 $147,477.19
187 $147,477.19 $449.77 $0.00 $833.86 $148,760.82
188 $148,760.82 $449.77 $0.00 $841.12 $150,051.71
189 $150,051.71 $449.77 $0.00 $848.41 $151,349.89
190 $151,349.89 $449.77 $0.00 $855.75 $152,655.41
191 $152,655.41 $449.77 $0.00 $863.14 $153,968.32
192 $153,968.32 $449.77 $0.00 $870.56 $155,288.65
193 $155,288.65 $449.77 $0.00 $878.02 $156,616.44
194 $156,616.44 $449.77 $0.00 $885.53 $157,951.74
195 $157,951.74 $449.77 $0.00 $893.08 $159,294.59
196 $159,294.59 $449.77 $0.00 $900.67 $160,645.03
197 $160,645.03 $449.77 $0.00 $908.31 $162,003.11
198 $162,003.11 $449.77 $0.00 $915.99 $163,368.87
199 $163,368.87 $449.77 $0.00 $923.71 $164,742.35
200 $164,742.35 $449.77 $0.00 $931.48 $166,123.60
201 $166,123.60 $449.77 $0.00 $939.29 $167,512.66
202 $167,512.66 $449.77 $0.00 $947.14 $168,909.57
203 $168,909.57 $449.77 $0.00 $955.04 $170,314.38
204 $170,314.38 $449.77 $0.00 $962.98 $171,727.13
205 $171,727.13 $449.77 $0.00 $970.97 $173,147.87
206 $173,147.87 $449.77 $0.00 $979.00 $174,576.64
207 $174,576.64 $449.77 $0.00 $987.08 $176,013.49
208 $176,013.49 $449.77 $0.00 $995.21 $177,458.47
209 $177,458.47 $449.77 $0.00 $1,003.38 $178,911.62
210 $178,911.62 $449.77 $0.00 $1,011.59 $180,372.98
211 $180,372.98 $449.77 $0.00 $1,019.86 $181,842.61
212 $181,842.61 $449.77 $0.00 $1,028.16 $183,320.54
213 $183,320.54 $449.77 $0.00 $1,036.52 $184,806.83
214 $184,806.83 $449.77 $0.00 $1,044.92 $186,301.52
215 $186,301.52 $449.77 $0.00 $1,053.38 $187,804.67
216 $187,804.67 $449.77 $0.00 $1,061.87 $189,316.31
217 $189,316.31 $449.77 $52,731.43 $1,070.42 $138,105.07
218 $138,105.07 $449.77 $0.00 $780.87 $139,335.71
219 $139,335.71 $449.77 $0.00 $787.82 $140,573.30
220 $140,573.30 $449.77 $0.00 $794.82 $141,817.89
221 $141,817.89 $449.77 $0.00 $801.86 $143,069.52
222 $143,069.52 $449.77 $0.00 $808.94 $144,328.23
223 $144,328.23 $449.77 $0.00 $816.05 $145,594.05
224 $145,594.05 $449.77 $0.00 $823.21 $146,867.03
225 $146,867.03 $449.77 $0.00 $830.41 $148,147.21
226 $148,147.21 $449.77 $0.00 $837.65 $149,434.63
227 $149,434.63 $449.77 $0.00 $844.93 $150,729.33
228 $150,729.33 $449.77 $0.00 $852.25 $152,031.35
229 $152,031.35 $449.77 $55,368.01 $859.61 $97,972.72
230 $97,972.72 $449.77 $0.00 $553.95 $98,976.44
231 $98,976.44 $449.77 $0.00 $559.63 $99,985.84
232 $99,985.84 $449.77 $0.00 $565.33 $101,000.94
233 $101,000.94 $449.77 $0.00 $571.07 $102,021.78
234 $102,021.78 $449.77 $0.00 $576.85 $103,048.40
235 $103,048.40 $449.77 $0.00 $582.65 $104,080.82
236 $104,080.82 $449.77 $0.00 $588.49 $105,119.08
237 $105,119.08 $449.77 $0.00 $594.36 $106,163.21
238 $106,163.21 $449.77 $0.00 $600.26 $107,213.24
239 $107,213.24 $449.77 $0.00 $606.20 $108,269.21
240 $108,269.21 $449.77 $0.00 $612.17 $109,331.15
241 $109,331.15 $449.77 $58,136.41 $618.17 $52,262.68
242 $52,262.68 $449.77 $0.00 $295.50 $53,007.95
243 $53,007.95 $449.77 $0.00 $299.71 $53,757.43
244 $53,757.43 $449.77 $0.00 $303.95 $54,511.15
245 $54,511.15 $449.77 $0.00 $308.21 $55,269.13
246 $55,269.13 $449.77 $0.00 $312.50 $56,031.40
247 $56,031.40 $449.77 $0.00 $316.81 $56,797.98
248 $56,797.98 $449.77 $0.00 $321.14 $57,568.89
249 $57,568.89 $449.77 $0.00 $325.50 $58,344.16
250 $58,344.16 $449.77 $0.00 $329.89 $59,123.82
251 $59,123.82 $449.77 $0.00 $334.29 $59,907.88
252 $59,907.88 $449.77 $0.00 $338.73 $60,696.38
253 $60,696.38 $0.00 $61,043.23 $343.19 ($3.66)