Savings Plan and Future Cost Estimation for Rice University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$278,037
Monthly savings required$2,197

How much will it cost to send your child to Rice University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,112,147.03 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,197.39 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$74,110.00
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 $2,197.39 $0.00 $0.00 $2,197.39
2 $2,197.39 $2,197.39 $0.00 $12.42 $4,407.20
3 $4,407.20 $2,197.39 $0.00 $24.92 $6,629.51
4 $6,629.51 $2,197.39 $0.00 $37.48 $8,864.38
5 $8,864.38 $2,197.39 $0.00 $50.12 $11,111.89
6 $11,111.89 $2,197.39 $0.00 $62.83 $13,372.11
7 $13,372.11 $2,197.39 $0.00 $75.61 $15,645.11
8 $15,645.11 $2,197.39 $0.00 $88.46 $17,930.96
9 $17,930.96 $2,197.39 $0.00 $101.38 $20,229.73
10 $20,229.73 $2,197.39 $0.00 $114.38 $22,541.50
11 $22,541.50 $2,197.39 $0.00 $127.45 $24,866.34
12 $24,866.34 $2,197.39 $0.00 $140.60 $27,204.33
13 $27,204.33 $2,197.39 $0.00 $153.82 $29,555.54
14 $29,555.54 $2,197.39 $0.00 $167.11 $31,920.04
15 $31,920.04 $2,197.39 $0.00 $180.48 $34,297.91
16 $34,297.91 $2,197.39 $0.00 $193.93 $36,689.23
17 $36,689.23 $2,197.39 $0.00 $207.45 $39,094.07
18 $39,094.07 $2,197.39 $0.00 $221.04 $41,512.50
19 $41,512.50 $2,197.39 $0.00 $234.72 $43,944.61
20 $43,944.61 $2,197.39 $0.00 $248.47 $46,390.47
21 $46,390.47 $2,197.39 $0.00 $262.30 $48,850.16
22 $48,850.16 $2,197.39 $0.00 $276.21 $51,323.76
23 $51,323.76 $2,197.39 $0.00 $290.19 $53,811.34
24 $53,811.34 $2,197.39 $0.00 $304.26 $56,312.99
25 $56,312.99 $2,197.39 $0.00 $318.40 $58,828.78
26 $58,828.78 $2,197.39 $0.00 $332.63 $61,358.80
27 $61,358.80 $2,197.39 $0.00 $346.93 $63,903.12
28 $63,903.12 $2,197.39 $0.00 $361.32 $66,461.83
29 $66,461.83 $2,197.39 $0.00 $375.78 $69,035.00
30 $69,035.00 $2,197.39 $0.00 $390.33 $71,622.72
31 $71,622.72 $2,197.39 $0.00 $404.97 $74,225.08
32 $74,225.08 $2,197.39 $0.00 $419.68 $76,842.15
33 $76,842.15 $2,197.39 $0.00 $434.48 $79,474.02
34 $79,474.02 $2,197.39 $0.00 $449.36 $82,120.77
35 $82,120.77 $2,197.39 $0.00 $464.32 $84,782.48
36 $84,782.48 $2,197.39 $0.00 $479.37 $87,459.24
37 $87,459.24 $2,197.39 $0.00 $494.51 $90,151.14
38 $90,151.14 $2,197.39 $0.00 $509.73 $92,858.26
39 $92,858.26 $2,197.39 $0.00 $525.03 $95,580.68
40 $95,580.68 $2,197.39 $0.00 $540.43 $98,318.50
41 $98,318.50 $2,197.39 $0.00 $555.91 $101,071.80
42 $101,071.80 $2,197.39 $0.00 $571.47 $103,840.66
43 $103,840.66 $2,197.39 $0.00 $587.13 $106,625.18
44 $106,625.18 $2,197.39 $0.00 $602.87 $109,425.44
45 $109,425.44 $2,197.39 $0.00 $618.71 $112,241.54
46 $112,241.54 $2,197.39 $0.00 $634.63 $115,073.56
47 $115,073.56 $2,197.39 $0.00 $650.64 $117,921.59
48 $117,921.59 $2,197.39 $0.00 $666.75 $120,785.73
49 $120,785.73 $2,197.39 $0.00 $682.94 $123,666.06
50 $123,666.06 $2,197.39 $0.00 $699.23 $126,562.68
51 $126,562.68 $2,197.39 $0.00 $715.60 $129,475.67
52 $129,475.67 $2,197.39 $0.00 $732.07 $132,405.13
53 $132,405.13 $2,197.39 $0.00 $748.64 $135,351.16
54 $135,351.16 $2,197.39 $0.00 $765.30 $138,313.85
55 $138,313.85 $2,197.39 $0.00 $782.05 $141,293.29
56 $141,293.29 $2,197.39 $0.00 $798.89 $144,289.57
57 $144,289.57 $2,197.39 $0.00 $815.83 $147,302.79
58 $147,302.79 $2,197.39 $0.00 $832.87 $150,333.05
59 $150,333.05 $2,197.39 $0.00 $850.00 $153,380.44
60 $153,380.44 $2,197.39 $0.00 $867.24 $156,445.07
61 $156,445.07 $2,197.39 $0.00 $884.56 $159,527.02
62 $159,527.02 $2,197.39 $0.00 $901.99 $162,626.40
63 $162,626.40 $2,197.39 $0.00 $919.51 $165,743.30
64 $165,743.30 $2,197.39 $0.00 $937.14 $168,877.83
65 $168,877.83 $2,197.39 $0.00 $954.86 $172,030.08
66 $172,030.08 $2,197.39 $0.00 $972.68 $175,200.15
67 $175,200.15 $2,197.39 $0.00 $990.61 $178,388.15
68 $178,388.15 $2,197.39 $0.00 $1,008.63 $181,594.17
69 $181,594.17 $2,197.39 $0.00 $1,026.76 $184,818.32
70 $184,818.32 $2,197.39 $0.00 $1,044.99 $188,060.70
71 $188,060.70 $2,197.39 $0.00 $1,063.32 $191,321.41
72 $191,321.41 $2,197.39 $0.00 $1,081.76 $194,600.56
73 $194,600.56 $2,197.39 $0.00 $1,100.30 $197,898.25
74 $197,898.25 $2,197.39 $0.00 $1,118.95 $201,214.59
75 $201,214.59 $2,197.39 $0.00 $1,137.70 $204,549.68
76 $204,549.68 $2,197.39 $0.00 $1,156.55 $207,903.62
77 $207,903.62 $2,197.39 $0.00 $1,175.52 $211,276.53
78 $211,276.53 $2,197.39 $0.00 $1,194.59 $214,668.51
79 $214,668.51 $2,197.39 $0.00 $1,213.77 $218,079.67
80 $218,079.67 $2,197.39 $0.00 $1,233.05 $221,510.11
81 $221,510.11 $2,197.39 $0.00 $1,252.45 $224,959.95
82 $224,959.95 $2,197.39 $0.00 $1,271.96 $228,429.30
83 $228,429.30 $2,197.39 $0.00 $1,291.57 $231,918.26
84 $231,918.26 $2,197.39 $0.00 $1,311.30 $235,426.95
85 $235,426.95 $2,197.39 $0.00 $1,331.14 $238,955.48
86 $238,955.48 $2,197.39 $0.00 $1,351.09 $242,503.96
87 $242,503.96 $2,197.39 $0.00 $1,371.15 $246,072.50
88 $246,072.50 $2,197.39 $0.00 $1,391.33 $249,661.22
89 $249,661.22 $2,197.39 $0.00 $1,411.62 $253,270.23
90 $253,270.23 $2,197.39 $0.00 $1,432.03 $256,899.65
91 $256,899.65 $2,197.39 $0.00 $1,452.55 $260,549.59
92 $260,549.59 $2,197.39 $0.00 $1,473.19 $264,220.17
93 $264,220.17 $2,197.39 $0.00 $1,493.94 $267,911.50
94 $267,911.50 $2,197.39 $0.00 $1,514.81 $271,623.70
95 $271,623.70 $2,197.39 $0.00 $1,535.80 $275,356.89
96 $275,356.89 $2,197.39 $0.00 $1,556.91 $279,111.19
97 $279,111.19 $2,197.39 $0.00 $1,578.14 $282,886.72
98 $282,886.72 $2,197.39 $0.00 $1,599.48 $286,683.59
99 $286,683.59 $2,197.39 $0.00 $1,620.95 $290,501.93
100 $290,501.93 $2,197.39 $0.00 $1,642.54 $294,341.86
101 $294,341.86 $2,197.39 $0.00 $1,664.25 $298,203.50
102 $298,203.50 $2,197.39 $0.00 $1,686.09 $302,086.98
103 $302,086.98 $2,197.39 $0.00 $1,708.04 $305,992.41
104 $305,992.41 $2,197.39 $0.00 $1,730.13 $309,919.93
105 $309,919.93 $2,197.39 $0.00 $1,752.33 $313,869.65
106 $313,869.65 $2,197.39 $0.00 $1,774.66 $317,841.70
107 $317,841.70 $2,197.39 $0.00 $1,797.12 $321,836.21
108 $321,836.21 $2,197.39 $0.00 $1,819.71 $325,853.31
109 $325,853.31 $2,197.39 $0.00 $1,842.42 $329,893.12
110 $329,893.12 $2,197.39 $0.00 $1,865.26 $333,955.77
111 $333,955.77 $2,197.39 $0.00 $1,888.23 $338,041.39
112 $338,041.39 $2,197.39 $0.00 $1,911.34 $342,150.12
113 $342,150.12 $2,197.39 $0.00 $1,934.57 $346,282.08
114 $346,282.08 $2,197.39 $0.00 $1,957.93 $350,437.40
115 $350,437.40 $2,197.39 $0.00 $1,981.42 $354,616.21
116 $354,616.21 $2,197.39 $0.00 $2,005.05 $358,818.65
117 $358,818.65 $2,197.39 $0.00 $2,028.81 $363,044.85
118 $363,044.85 $2,197.39 $0.00 $2,052.71 $367,294.95
119 $367,294.95 $2,197.39 $0.00 $2,076.74 $371,569.08
120 $371,569.08 $2,197.39 $0.00 $2,100.91 $375,867.38
121 $375,867.38 $2,197.39 $0.00 $2,125.21 $380,189.98
122 $380,189.98 $2,197.39 $0.00 $2,149.65 $384,537.02
123 $384,537.02 $2,197.39 $0.00 $2,174.23 $388,908.64
124 $388,908.64 $2,197.39 $0.00 $2,198.95 $393,304.98
125 $393,304.98 $2,197.39 $0.00 $2,223.80 $397,726.17
126 $397,726.17 $2,197.39 $0.00 $2,248.80 $402,172.36
127 $402,172.36 $2,197.39 $0.00 $2,273.94 $406,643.69
128 $406,643.69 $2,197.39 $0.00 $2,299.22 $411,140.30
129 $411,140.30 $2,197.39 $0.00 $2,324.65 $415,662.34
130 $415,662.34 $2,197.39 $0.00 $2,350.22 $420,209.95
131 $420,209.95 $2,197.39 $0.00 $2,375.93 $424,783.27
132 $424,783.27 $2,197.39 $0.00 $2,401.79 $429,382.45
133 $429,382.45 $2,197.39 $0.00 $2,427.79 $434,007.63
134 $434,007.63 $2,197.39 $0.00 $2,453.94 $438,658.96
135 $438,658.96 $2,197.39 $0.00 $2,480.24 $443,336.59
136 $443,336.59 $2,197.39 $0.00 $2,506.69 $448,040.67
137 $448,040.67 $2,197.39 $0.00 $2,533.29 $452,771.35
138 $452,771.35 $2,197.39 $0.00 $2,560.04 $457,528.78
139 $457,528.78 $2,197.39 $0.00 $2,586.93 $462,313.10
140 $462,313.10 $2,197.39 $0.00 $2,613.99 $467,124.48
141 $467,124.48 $2,197.39 $0.00 $2,641.19 $471,963.06
142 $471,963.06 $2,197.39 $0.00 $2,668.55 $476,829.00
143 $476,829.00 $2,197.39 $0.00 $2,696.06 $481,722.45
144 $481,722.45 $2,197.39 $0.00 $2,723.73 $486,643.57
145 $486,643.57 $2,197.39 $0.00 $2,751.55 $491,592.51
146 $491,592.51 $2,197.39 $0.00 $2,779.54 $496,569.44
147 $496,569.44 $2,197.39 $0.00 $2,807.68 $501,574.51
148 $501,574.51 $2,197.39 $0.00 $2,835.98 $506,607.88
149 $506,607.88 $2,197.39 $0.00 $2,864.43 $511,669.70
150 $511,669.70 $2,197.39 $0.00 $2,893.05 $516,760.14
151 $516,760.14 $2,197.39 $0.00 $2,921.84 $521,879.37
152 $521,879.37 $2,197.39 $0.00 $2,950.78 $527,027.54
153 $527,027.54 $2,197.39 $0.00 $2,979.89 $532,204.82
154 $532,204.82 $2,197.39 $0.00 $3,009.16 $537,411.37
155 $537,411.37 $2,197.39 $0.00 $3,038.60 $542,647.36
156 $542,647.36 $2,197.39 $0.00 $3,068.21 $547,912.96
157 $547,912.96 $2,197.39 $0.00 $3,097.98 $553,208.33
158 $553,208.33 $2,197.39 $0.00 $3,127.92 $558,533.64
159 $558,533.64 $2,197.39 $0.00 $3,158.03 $563,889.06
160 $563,889.06 $2,197.39 $0.00 $3,188.31 $569,274.76
161 $569,274.76 $2,197.39 $0.00 $3,218.76 $574,690.91
162 $574,690.91 $2,197.39 $0.00 $3,249.39 $580,137.69
163 $580,137.69 $2,197.39 $0.00 $3,280.18 $585,615.26
164 $585,615.26 $2,197.39 $0.00 $3,311.15 $591,123.80
165 $591,123.80 $2,197.39 $0.00 $3,342.30 $596,663.49
166 $596,663.49 $2,197.39 $0.00 $3,373.62 $602,234.50
167 $602,234.50 $2,197.39 $0.00 $3,405.12 $607,837.01
168 $607,837.01 $2,197.39 $0.00 $3,436.80 $613,471.20
169 $613,471.20 $2,197.39 $0.00 $3,468.66 $619,137.25
170 $619,137.25 $2,197.39 $0.00 $3,500.69 $624,835.33
171 $624,835.33 $2,197.39 $0.00 $3,532.91 $630,565.63
172 $630,565.63 $2,197.39 $0.00 $3,565.31 $636,328.33
173 $636,328.33 $2,197.39 $0.00 $3,597.89 $642,123.61
174 $642,123.61 $2,197.39 $0.00 $3,630.66 $647,951.66
175 $647,951.66 $2,197.39 $0.00 $3,663.61 $653,812.66
176 $653,812.66 $2,197.39 $0.00 $3,696.75 $659,706.80
177 $659,706.80 $2,197.39 $0.00 $3,730.08 $665,634.27
178 $665,634.27 $2,197.39 $0.00 $3,763.59 $671,595.25
179 $671,595.25 $2,197.39 $0.00 $3,797.30 $677,589.94
180 $677,589.94 $2,197.39 $0.00 $3,831.19 $683,618.52
181 $683,618.52 $2,197.39 $0.00 $3,865.28 $689,681.19
182 $689,681.19 $2,197.39 $0.00 $3,899.56 $695,778.14
183 $695,778.14 $2,197.39 $0.00 $3,934.03 $701,909.56
184 $701,909.56 $2,197.39 $0.00 $3,968.70 $708,075.65
185 $708,075.65 $2,197.39 $0.00 $4,003.56 $714,276.60
186 $714,276.60 $2,197.39 $0.00 $4,038.62 $720,512.61
187 $720,512.61 $2,197.39 $0.00 $4,073.88 $726,783.88
188 $726,783.88 $2,197.39 $0.00 $4,109.34 $733,090.61
189 $733,090.61 $2,197.39 $0.00 $4,145.00 $739,433.00
190 $739,433.00 $2,197.39 $0.00 $4,180.86 $745,811.25
191 $745,811.25 $2,197.39 $0.00 $4,216.93 $752,225.57
192 $752,225.57 $2,197.39 $0.00 $4,253.19 $758,676.15
193 $758,676.15 $2,197.39 $0.00 $4,289.67 $765,163.21
194 $765,163.21 $2,197.39 $0.00 $4,326.34 $771,686.94
195 $771,686.94 $2,197.39 $0.00 $4,363.23 $778,247.56
196 $778,247.56 $2,197.39 $0.00 $4,400.32 $784,845.27
197 $784,845.27 $2,197.39 $0.00 $4,437.63 $791,480.29
198 $791,480.29 $2,197.39 $0.00 $4,475.14 $798,152.82
199 $798,152.82 $2,197.39 $0.00 $4,512.87 $804,863.08
200 $804,863.08 $2,197.39 $0.00 $4,550.81 $811,611.28
201 $811,611.28 $2,197.39 $0.00 $4,588.97 $818,397.64
202 $818,397.64 $2,197.39 $0.00 $4,627.34 $825,222.37
203 $825,222.37 $2,197.39 $0.00 $4,665.93 $832,085.69
204 $832,085.69 $2,197.39 $0.00 $4,704.73 $838,987.81
205 $838,987.81 $2,197.39 $0.00 $4,743.76 $845,928.96
206 $845,928.96 $2,197.39 $0.00 $4,783.01 $852,909.36
207 $852,909.36 $2,197.39 $0.00 $4,822.47 $859,929.22
208 $859,929.22 $2,197.39 $0.00 $4,862.16 $866,988.77
209 $866,988.77 $2,197.39 $0.00 $4,902.08 $874,088.24
210 $874,088.24 $2,197.39 $0.00 $4,942.22 $881,227.85
211 $881,227.85 $2,197.39 $0.00 $4,982.59 $888,407.83
212 $888,407.83 $2,197.39 $0.00 $5,023.19 $895,628.41
213 $895,628.41 $2,197.39 $0.00 $5,064.01 $902,889.81
214 $902,889.81 $2,197.39 $0.00 $5,105.07 $910,192.27
215 $910,192.27 $2,197.39 $0.00 $5,146.36 $917,536.02
216 $917,536.02 $2,197.39 $0.00 $5,187.88 $924,921.29
217 $924,921.29 $2,197.39 $250,486.78 $5,229.64 $681,861.54
218 $681,861.54 $2,197.39 $0.00 $3,855.34 $687,914.27
219 $687,914.27 $2,197.39 $0.00 $3,889.57 $694,001.23
220 $694,001.23 $2,197.39 $0.00 $3,923.98 $700,122.60
221 $700,122.60 $2,197.39 $0.00 $3,958.59 $706,278.58
222 $706,278.58 $2,197.39 $0.00 $3,993.40 $712,469.37
223 $712,469.37 $2,197.39 $0.00 $4,028.41 $718,695.17
224 $718,695.17 $2,197.39 $0.00 $4,063.61 $724,956.17
225 $724,956.17 $2,197.39 $0.00 $4,099.01 $731,252.57
226 $731,252.57 $2,197.39 $0.00 $4,134.61 $737,584.57
227 $737,584.57 $2,197.39 $0.00 $4,170.41 $743,952.37
228 $743,952.37 $2,197.39 $0.00 $4,206.41 $750,356.17
229 $750,356.17 $2,197.39 $268,020.86 $4,242.62 $488,775.32
230 $488,775.32 $2,197.39 $0.00 $2,763.61 $493,736.32
231 $493,736.32 $2,197.39 $0.00 $2,791.66 $498,725.37
232 $498,725.37 $2,197.39 $0.00 $2,819.87 $503,742.63
233 $503,742.63 $2,197.39 $0.00 $2,848.23 $508,788.25
234 $508,788.25 $2,197.39 $0.00 $2,876.76 $513,862.40
235 $513,862.40 $2,197.39 $0.00 $2,905.45 $518,965.24
236 $518,965.24 $2,197.39 $0.00 $2,934.30 $524,096.93
237 $524,096.93 $2,197.39 $0.00 $2,963.32 $529,257.64
238 $529,257.64 $2,197.39 $0.00 $2,992.50 $534,447.53
239 $534,447.53 $2,197.39 $0.00 $3,021.84 $539,666.76
240 $539,666.76 $2,197.39 $0.00 $3,051.35 $544,915.50
241 $544,915.50 $2,197.39 $286,782.32 $3,081.03 $263,411.60
242 $263,411.60 $2,197.39 $0.00 $1,489.37 $267,098.36
243 $267,098.36 $2,197.39 $0.00 $1,510.21 $270,805.96
244 $270,805.96 $2,197.39 $0.00 $1,531.18 $274,534.53
245 $274,534.53 $2,197.39 $0.00 $1,552.26 $278,284.18
246 $278,284.18 $2,197.39 $0.00 $1,573.46 $282,055.03
247 $282,055.03 $2,197.39 $0.00 $1,594.78 $285,847.20
248 $285,847.20 $2,197.39 $0.00 $1,616.22 $289,660.81
249 $289,660.81 $2,197.39 $0.00 $1,637.78 $293,495.98
250 $293,495.98 $2,197.39 $0.00 $1,659.47 $297,352.84
251 $297,352.84 $2,197.39 $0.00 $1,681.28 $301,231.51
252 $301,231.51 $2,197.39 $0.00 $1,703.21 $305,132.11
253 $305,132.11 $0.00 $306,857.08 $1,725.26 $0.29