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 2039$174,009
Monthly savings required$1,377

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 $696,037.62 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,377.43 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$67,102.00
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 $1,377.43 $0.00 $0.00 $1,377.43
2 $1,377.43 $1,377.43 $0.00 $7.79 $2,762.65
3 $2,762.65 $1,377.43 $0.00 $15.62 $4,155.70
4 $4,155.70 $1,377.43 $0.00 $23.50 $5,556.63
5 $5,556.63 $1,377.43 $0.00 $31.42 $6,965.48
6 $6,965.48 $1,377.43 $0.00 $39.38 $8,382.29
7 $8,382.29 $1,377.43 $0.00 $47.39 $9,807.11
8 $9,807.11 $1,377.43 $0.00 $55.45 $11,239.99
9 $11,239.99 $1,377.43 $0.00 $63.55 $12,680.97
10 $12,680.97 $1,377.43 $0.00 $71.70 $14,130.10
11 $14,130.10 $1,377.43 $0.00 $79.89 $15,587.42
12 $15,587.42 $1,377.43 $0.00 $88.13 $17,052.98
13 $17,052.98 $1,377.43 $0.00 $96.42 $18,526.83
14 $18,526.83 $1,377.43 $0.00 $104.75 $20,009.01
15 $20,009.01 $1,377.43 $0.00 $113.13 $21,499.57
16 $21,499.57 $1,377.43 $0.00 $121.56 $22,998.56
17 $22,998.56 $1,377.43 $0.00 $130.04 $24,506.03
18 $24,506.03 $1,377.43 $0.00 $138.56 $26,022.02
19 $26,022.02 $1,377.43 $0.00 $147.13 $27,546.58
20 $27,546.58 $1,377.43 $0.00 $155.75 $29,079.76
21 $29,079.76 $1,377.43 $0.00 $164.42 $30,621.61
22 $30,621.61 $1,377.43 $0.00 $173.14 $32,172.18
23 $32,172.18 $1,377.43 $0.00 $181.91 $33,731.52
24 $33,731.52 $1,377.43 $0.00 $190.72 $35,299.67
25 $35,299.67 $1,377.43 $0.00 $199.59 $36,876.69
26 $36,876.69 $1,377.43 $0.00 $208.51 $38,462.63
27 $38,462.63 $1,377.43 $0.00 $217.47 $40,057.53
28 $40,057.53 $1,377.43 $0.00 $226.49 $41,661.45
29 $41,661.45 $1,377.43 $0.00 $235.56 $43,274.44
30 $43,274.44 $1,377.43 $0.00 $244.68 $44,896.55
31 $44,896.55 $1,377.43 $0.00 $253.85 $46,527.83
32 $46,527.83 $1,377.43 $0.00 $263.08 $48,168.34
33 $48,168.34 $1,377.43 $0.00 $272.35 $49,818.12
34 $49,818.12 $1,377.43 $0.00 $281.68 $51,477.23
35 $51,477.23 $1,377.43 $0.00 $291.06 $53,145.72
36 $53,145.72 $1,377.43 $0.00 $300.49 $54,823.64
37 $54,823.64 $1,377.43 $0.00 $309.98 $56,511.05
38 $56,511.05 $1,377.43 $0.00 $319.52 $58,208.00
39 $58,208.00 $1,377.43 $0.00 $329.12 $59,914.55
40 $59,914.55 $1,377.43 $0.00 $338.77 $61,630.75
41 $61,630.75 $1,377.43 $0.00 $348.47 $63,356.65
42 $63,356.65 $1,377.43 $0.00 $358.23 $65,092.31
43 $65,092.31 $1,377.43 $0.00 $368.04 $66,837.78
44 $66,837.78 $1,377.43 $0.00 $377.91 $68,593.12
45 $68,593.12 $1,377.43 $0.00 $387.84 $70,358.39
46 $70,358.39 $1,377.43 $0.00 $397.82 $72,133.64
47 $72,133.64 $1,377.43 $0.00 $407.85 $73,918.92
48 $73,918.92 $1,377.43 $0.00 $417.95 $75,714.30
49 $75,714.30 $1,377.43 $0.00 $428.10 $77,519.83
50 $77,519.83 $1,377.43 $0.00 $438.31 $79,335.57
51 $79,335.57 $1,377.43 $0.00 $448.57 $81,161.57
52 $81,161.57 $1,377.43 $0.00 $458.90 $82,997.90
53 $82,997.90 $1,377.43 $0.00 $469.28 $84,844.61
54 $84,844.61 $1,377.43 $0.00 $479.72 $86,701.76
55 $86,701.76 $1,377.43 $0.00 $490.22 $88,569.41
56 $88,569.41 $1,377.43 $0.00 $500.78 $90,447.62
57 $90,447.62 $1,377.43 $0.00 $511.40 $92,336.45
58 $92,336.45 $1,377.43 $0.00 $522.08 $94,235.96
59 $94,235.96 $1,377.43 $0.00 $532.82 $96,146.21
60 $96,146.21 $1,377.43 $0.00 $543.62 $98,067.26
61 $98,067.26 $1,377.43 $0.00 $554.49 $99,999.18
62 $99,999.18 $1,377.43 $0.00 $565.41 $101,942.02
63 $101,942.02 $1,377.43 $0.00 $576.40 $103,895.85
64 $103,895.85 $1,377.43 $0.00 $587.44 $105,860.72
65 $105,860.72 $1,377.43 $0.00 $598.55 $107,836.70
66 $107,836.70 $1,377.43 $0.00 $609.72 $109,823.85
67 $109,823.85 $1,377.43 $0.00 $620.96 $111,822.24
68 $111,822.24 $1,377.43 $0.00 $632.26 $113,831.93
69 $113,831.93 $1,377.43 $0.00 $643.62 $115,852.98
70 $115,852.98 $1,377.43 $0.00 $655.05 $117,885.46
71 $117,885.46 $1,377.43 $0.00 $666.54 $119,929.43
72 $119,929.43 $1,377.43 $0.00 $678.10 $121,984.96
73 $121,984.96 $1,377.43 $0.00 $689.72 $124,052.11
74 $124,052.11 $1,377.43 $0.00 $701.41 $126,130.95
75 $126,130.95 $1,377.43 $0.00 $713.16 $128,221.54
76 $128,221.54 $1,377.43 $0.00 $724.98 $130,323.95
77 $130,323.95 $1,377.43 $0.00 $736.87 $132,438.25
78 $132,438.25 $1,377.43 $0.00 $748.83 $134,564.51
79 $134,564.51 $1,377.43 $0.00 $760.85 $136,702.79
80 $136,702.79 $1,377.43 $0.00 $772.94 $138,853.16
81 $138,853.16 $1,377.43 $0.00 $785.10 $141,015.69
82 $141,015.69 $1,377.43 $0.00 $797.32 $143,190.44
83 $143,190.44 $1,377.43 $0.00 $809.62 $145,377.49
84 $145,377.49 $1,377.43 $0.00 $821.99 $147,576.91
85 $147,576.91 $1,377.43 $0.00 $834.42 $149,788.76
86 $149,788.76 $1,377.43 $0.00 $846.93 $152,013.12
87 $152,013.12 $1,377.43 $0.00 $859.50 $154,250.05
88 $154,250.05 $1,377.43 $0.00 $872.15 $156,499.63
89 $156,499.63 $1,377.43 $0.00 $884.87 $158,761.93
90 $158,761.93 $1,377.43 $0.00 $897.66 $161,037.02
91 $161,037.02 $1,377.43 $0.00 $910.53 $163,324.98
92 $163,324.98 $1,377.43 $0.00 $923.46 $165,625.87
93 $165,625.87 $1,377.43 $0.00 $936.47 $167,939.77
94 $167,939.77 $1,377.43 $0.00 $949.56 $170,266.76
95 $170,266.76 $1,377.43 $0.00 $962.71 $172,606.90
96 $172,606.90 $1,377.43 $0.00 $975.94 $174,960.27
97 $174,960.27 $1,377.43 $0.00 $989.25 $177,326.95
98 $177,326.95 $1,377.43 $0.00 $1,002.63 $179,707.01
99 $179,707.01 $1,377.43 $0.00 $1,016.09 $182,100.53
100 $182,100.53 $1,377.43 $0.00 $1,029.62 $184,507.58
101 $184,507.58 $1,377.43 $0.00 $1,043.23 $186,928.24
102 $186,928.24 $1,377.43 $0.00 $1,056.92 $189,362.59
103 $189,362.59 $1,377.43 $0.00 $1,070.68 $191,810.70
104 $191,810.70 $1,377.43 $0.00 $1,084.53 $194,272.66
105 $194,272.66 $1,377.43 $0.00 $1,098.45 $196,748.54
106 $196,748.54 $1,377.43 $0.00 $1,112.44 $199,238.41
107 $199,238.41 $1,377.43 $0.00 $1,126.52 $201,742.36
108 $201,742.36 $1,377.43 $0.00 $1,140.68 $204,260.47
109 $204,260.47 $1,377.43 $0.00 $1,154.92 $206,792.82
110 $206,792.82 $1,377.43 $0.00 $1,169.24 $209,339.49
111 $209,339.49 $1,377.43 $0.00 $1,183.64 $211,900.56
112 $211,900.56 $1,377.43 $0.00 $1,198.12 $214,476.11
113 $214,476.11 $1,377.43 $0.00 $1,212.68 $217,066.22
114 $217,066.22 $1,377.43 $0.00 $1,227.32 $219,670.97
115 $219,670.97 $1,377.43 $0.00 $1,242.05 $222,290.45
116 $222,290.45 $1,377.43 $0.00 $1,256.86 $224,924.74
117 $224,924.74 $1,377.43 $0.00 $1,271.76 $227,573.93
118 $227,573.93 $1,377.43 $0.00 $1,286.74 $230,238.10
119 $230,238.10 $1,377.43 $0.00 $1,301.80 $232,917.33
120 $232,917.33 $1,377.43 $0.00 $1,316.95 $235,611.71
121 $235,611.71 $1,377.43 $0.00 $1,332.18 $238,321.32
122 $238,321.32 $1,377.43 $0.00 $1,347.50 $241,046.25
123 $241,046.25 $1,377.43 $0.00 $1,362.91 $243,786.59
124 $243,786.59 $1,377.43 $0.00 $1,378.40 $246,542.42
125 $246,542.42 $1,377.43 $0.00 $1,393.99 $249,313.84
126 $249,313.84 $1,377.43 $0.00 $1,409.66 $252,100.93
127 $252,100.93 $1,377.43 $0.00 $1,425.42 $254,903.78
128 $254,903.78 $1,377.43 $0.00 $1,441.26 $257,722.47
129 $257,722.47 $1,377.43 $0.00 $1,457.20 $260,557.10
130 $260,557.10 $1,377.43 $0.00 $1,473.23 $263,407.76
131 $263,407.76 $1,377.43 $0.00 $1,489.35 $266,274.54
132 $266,274.54 $1,377.43 $0.00 $1,505.55 $269,157.52
133 $269,157.52 $1,377.43 $0.00 $1,521.86 $272,056.81
134 $272,056.81 $1,377.43 $0.00 $1,538.25 $274,972.49
135 $274,972.49 $1,377.43 $0.00 $1,554.73 $277,904.65
136 $277,904.65 $1,377.43 $0.00 $1,571.31 $280,853.39
137 $280,853.39 $1,377.43 $0.00 $1,587.99 $283,818.81
138 $283,818.81 $1,377.43 $0.00 $1,604.75 $286,800.99
139 $286,800.99 $1,377.43 $0.00 $1,621.61 $289,800.03
140 $289,800.03 $1,377.43 $0.00 $1,638.57 $292,816.03
141 $292,816.03 $1,377.43 $0.00 $1,655.62 $295,849.08
142 $295,849.08 $1,377.43 $0.00 $1,672.77 $298,899.28
143 $298,899.28 $1,377.43 $0.00 $1,690.02 $301,966.73
144 $301,966.73 $1,377.43 $0.00 $1,707.36 $305,051.52
145 $305,051.52 $1,377.43 $0.00 $1,724.81 $308,153.76
146 $308,153.76 $1,377.43 $0.00 $1,742.35 $311,273.54
147 $311,273.54 $1,377.43 $0.00 $1,759.99 $314,410.96
148 $314,410.96 $1,377.43 $0.00 $1,777.73 $317,566.12
149 $317,566.12 $1,377.43 $0.00 $1,795.57 $320,739.12
150 $320,739.12 $1,377.43 $0.00 $1,813.51 $323,930.06
151 $323,930.06 $1,377.43 $0.00 $1,831.55 $327,139.04
152 $327,139.04 $1,377.43 $0.00 $1,849.69 $330,366.16
153 $330,366.16 $1,377.43 $0.00 $1,867.94 $333,611.53
154 $333,611.53 $1,377.43 $0.00 $1,886.29 $336,875.25
155 $336,875.25 $1,377.43 $0.00 $1,904.74 $340,157.42
156 $340,157.42 $1,377.43 $0.00 $1,923.30 $343,458.15
157 $343,458.15 $1,377.43 $0.00 $1,941.96 $346,777.54
158 $346,777.54 $1,377.43 $0.00 $1,960.73 $350,115.70
159 $350,115.70 $1,377.43 $0.00 $1,979.61 $353,472.74
160 $353,472.74 $1,377.43 $0.00 $1,998.59 $356,848.76
161 $356,848.76 $1,377.43 $0.00 $2,017.67 $360,243.86
162 $360,243.86 $1,377.43 $0.00 $2,036.87 $363,658.16
163 $363,658.16 $1,377.43 $0.00 $2,056.18 $367,091.77
164 $367,091.77 $1,377.43 $0.00 $2,075.59 $370,544.79
165 $370,544.79 $1,377.43 $0.00 $2,095.11 $374,017.33
166 $374,017.33 $1,377.43 $0.00 $2,114.75 $377,509.51
167 $377,509.51 $1,377.43 $0.00 $2,134.49 $381,021.43
168 $381,021.43 $1,377.43 $0.00 $2,154.35 $384,553.21
169 $384,553.21 $1,377.43 $0.00 $2,174.32 $388,104.96
170 $388,104.96 $1,377.43 $0.00 $2,194.40 $391,676.79
171 $391,676.79 $1,377.43 $0.00 $2,214.60 $395,268.82
172 $395,268.82 $1,377.43 $0.00 $2,234.91 $398,881.16
173 $398,881.16 $1,377.43 $0.00 $2,255.33 $402,513.92
174 $402,513.92 $1,377.43 $0.00 $2,275.87 $406,167.22
175 $406,167.22 $1,377.43 $0.00 $2,296.53 $409,841.18
176 $409,841.18 $1,377.43 $0.00 $2,317.30 $413,535.91
177 $413,535.91 $1,377.43 $0.00 $2,338.19 $417,251.53
178 $417,251.53 $1,377.43 $0.00 $2,359.20 $420,988.16
179 $420,988.16 $1,377.43 $0.00 $2,380.33 $424,745.92
180 $424,745.92 $1,377.43 $0.00 $2,401.58 $428,524.93
181 $428,524.93 $1,377.43 $0.00 $2,422.94 $432,325.30
182 $432,325.30 $1,377.43 $0.00 $2,444.43 $436,147.16
183 $436,147.16 $1,377.43 $0.00 $2,466.04 $439,990.63
184 $439,990.63 $1,377.43 $0.00 $2,487.77 $443,855.83
185 $443,855.83 $1,377.43 $0.00 $2,509.63 $447,742.89
186 $447,742.89 $1,377.43 $0.00 $2,531.60 $451,651.92
187 $451,651.92 $1,377.43 $0.00 $2,553.71 $455,583.06
188 $455,583.06 $1,377.43 $0.00 $2,575.93 $459,536.42
189 $459,536.42 $1,377.43 $0.00 $2,598.29 $463,512.14
190 $463,512.14 $1,377.43 $0.00 $2,620.77 $467,510.34
191 $467,510.34 $1,377.43 $0.00 $2,643.37 $471,531.14
192 $471,531.14 $1,377.43 $0.00 $2,666.11 $475,574.68
193 $475,574.68 $1,377.43 $0.00 $2,688.97 $479,641.08
194 $479,641.08 $1,377.43 $0.00 $2,711.96 $483,730.47
195 $483,730.47 $1,377.43 $0.00 $2,735.08 $487,842.98
196 $487,842.98 $1,377.43 $0.00 $2,758.34 $491,978.75
197 $491,978.75 $1,377.43 $0.00 $2,781.72 $496,137.90
198 $496,137.90 $1,377.43 $0.00 $2,805.24 $500,320.57
199 $500,320.57 $1,377.43 $0.00 $2,828.89 $504,526.89
200 $504,526.89 $1,377.43 $0.00 $2,852.67 $508,756.99
201 $508,756.99 $1,377.43 $0.00 $2,876.59 $513,011.01
202 $513,011.01 $1,377.43 $0.00 $2,900.64 $517,289.08
203 $517,289.08 $1,377.43 $0.00 $2,924.83 $521,591.34
204 $521,591.34 $1,377.43 $0.00 $2,949.15 $525,917.92
205 $525,917.92 $1,377.43 $0.00 $2,973.62 $530,268.97
206 $530,268.97 $1,377.43 $0.00 $2,998.22 $534,644.62
207 $534,644.62 $1,377.43 $0.00 $3,022.96 $539,045.01
208 $539,045.01 $1,377.43 $0.00 $3,047.84 $543,470.28
209 $543,470.28 $1,377.43 $0.00 $3,072.86 $547,920.57
210 $547,920.57 $1,377.43 $0.00 $3,098.02 $552,396.02
211 $552,396.02 $1,377.43 $0.00 $3,123.33 $556,896.78
212 $556,896.78 $1,377.43 $0.00 $3,148.78 $561,422.99
213 $561,422.99 $1,377.43 $0.00 $3,174.37 $565,974.79
214 $565,974.79 $1,377.43 $0.00 $3,200.10 $570,552.32
215 $570,552.32 $1,377.43 $0.00 $3,225.99 $575,155.74
216 $575,155.74 $1,377.43 $0.00 $3,252.01 $579,785.18
217 $579,785.18 $1,377.43 $161,488.96 $3,278.19 $422,951.84
218 $422,951.84 $1,377.43 $0.00 $2,391.43 $426,720.70
219 $426,720.70 $1,377.43 $0.00 $2,412.74 $430,510.87
220 $430,510.87 $1,377.43 $0.00 $2,434.17 $434,322.47
221 $434,322.47 $1,377.43 $0.00 $2,455.72 $438,155.62
222 $438,155.62 $1,377.43 $0.00 $2,477.40 $442,010.45
223 $442,010.45 $1,377.43 $0.00 $2,499.19 $445,887.07
224 $445,887.07 $1,377.43 $0.00 $2,521.11 $449,785.61
225 $449,785.61 $1,377.43 $0.00 $2,543.15 $453,706.19
226 $453,706.19 $1,377.43 $0.00 $2,565.32 $457,648.94
227 $457,648.94 $1,377.43 $0.00 $2,587.61 $461,613.98
228 $461,613.98 $1,377.43 $0.00 $2,610.03 $465,601.44
229 $465,601.44 $1,377.43 $169,563.41 $2,632.58 $300,048.04
230 $300,048.04 $1,377.43 $0.00 $1,696.52 $303,121.99
231 $303,121.99 $1,377.43 $0.00 $1,713.90 $306,213.32
232 $306,213.32 $1,377.43 $0.00 $1,731.37 $309,322.12
233 $309,322.12 $1,377.43 $0.00 $1,748.95 $312,448.50
234 $312,448.50 $1,377.43 $0.00 $1,766.63 $315,592.56
235 $315,592.56 $1,377.43 $0.00 $1,784.41 $318,754.40
236 $318,754.40 $1,377.43 $0.00 $1,802.28 $321,934.11
237 $321,934.11 $1,377.43 $0.00 $1,820.26 $325,131.80
238 $325,131.80 $1,377.43 $0.00 $1,838.34 $328,347.57
239 $328,347.57 $1,377.43 $0.00 $1,856.52 $331,581.52
240 $331,581.52 $1,377.43 $0.00 $1,874.81 $334,833.76
241 $334,833.76 $1,377.43 $178,041.58 $1,893.20 $160,062.81
242 $160,062.81 $1,377.43 $0.00 $905.02 $162,345.26
243 $162,345.26 $1,377.43 $0.00 $917.92 $164,640.61
244 $164,640.61 $1,377.43 $0.00 $930.90 $166,948.94
245 $166,948.94 $1,377.43 $0.00 $943.95 $169,270.32
246 $169,270.32 $1,377.43 $0.00 $957.08 $171,604.83
247 $171,604.83 $1,377.43 $0.00 $970.28 $173,952.54
248 $173,952.54 $1,377.43 $0.00 $983.55 $176,313.52
249 $176,313.52 $1,377.43 $0.00 $996.90 $178,687.85
250 $178,687.85 $1,377.43 $0.00 $1,010.33 $181,075.61
251 $181,075.61 $1,377.43 $0.00 $1,023.83 $183,476.87
252 $183,476.87 $1,377.43 $0.00 $1,037.40 $185,891.70
253 $185,891.70 $0.00 $186,943.66 $1,051.06 ($0.90)