Savings Plan and Future Cost Estimation for St. Mary's University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$129,972
Monthly savings required$1,029

How much will it cost to send your child to St. Mary's University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $519,886.23 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,028.84 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$50,120.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,028.84 $0.00 $0.00 $1,028.84
2 $1,028.84 $1,028.84 $0.00 $5.82 $2,063.50
3 $2,063.50 $1,028.84 $0.00 $11.67 $3,104.01
4 $3,104.01 $1,028.84 $0.00 $17.55 $4,150.40
5 $4,150.40 $1,028.84 $0.00 $23.47 $5,202.71
6 $5,202.71 $1,028.84 $0.00 $29.42 $6,260.97
7 $6,260.97 $1,028.84 $0.00 $35.40 $7,325.21
8 $7,325.21 $1,028.84 $0.00 $41.42 $8,395.47
9 $8,395.47 $1,028.84 $0.00 $47.47 $9,471.78
10 $9,471.78 $1,028.84 $0.00 $53.55 $10,554.17
11 $10,554.17 $1,028.84 $0.00 $59.67 $11,642.68
12 $11,642.68 $1,028.84 $0.00 $65.83 $12,737.35
13 $12,737.35 $1,028.84 $0.00 $72.02 $13,838.21
14 $13,838.21 $1,028.84 $0.00 $78.24 $14,945.29
15 $14,945.29 $1,028.84 $0.00 $84.50 $16,058.63
16 $16,058.63 $1,028.84 $0.00 $90.80 $17,178.27
17 $17,178.27 $1,028.84 $0.00 $97.13 $18,304.24
18 $18,304.24 $1,028.84 $0.00 $103.49 $19,436.57
19 $19,436.57 $1,028.84 $0.00 $109.90 $20,575.31
20 $20,575.31 $1,028.84 $0.00 $116.34 $21,720.49
21 $21,720.49 $1,028.84 $0.00 $122.81 $22,872.14
22 $22,872.14 $1,028.84 $0.00 $129.32 $24,030.30
23 $24,030.30 $1,028.84 $0.00 $135.87 $25,195.01
24 $25,195.01 $1,028.84 $0.00 $142.46 $26,366.31
25 $26,366.31 $1,028.84 $0.00 $149.08 $27,544.23
26 $27,544.23 $1,028.84 $0.00 $155.74 $28,728.81
27 $28,728.81 $1,028.84 $0.00 $162.44 $29,920.09
28 $29,920.09 $1,028.84 $0.00 $169.17 $31,118.10
29 $31,118.10 $1,028.84 $0.00 $175.95 $32,322.89
30 $32,322.89 $1,028.84 $0.00 $182.76 $33,534.49
31 $33,534.49 $1,028.84 $0.00 $189.61 $34,752.94
32 $34,752.94 $1,028.84 $0.00 $196.50 $35,978.28
33 $35,978.28 $1,028.84 $0.00 $203.43 $37,210.55
34 $37,210.55 $1,028.84 $0.00 $210.39 $38,449.78
35 $38,449.78 $1,028.84 $0.00 $217.40 $39,696.02
36 $39,696.02 $1,028.84 $0.00 $224.45 $40,949.31
37 $40,949.31 $1,028.84 $0.00 $231.53 $42,209.68
38 $42,209.68 $1,028.84 $0.00 $238.66 $43,477.18
39 $43,477.18 $1,028.84 $0.00 $245.83 $44,751.85
40 $44,751.85 $1,028.84 $0.00 $253.03 $46,033.72
41 $46,033.72 $1,028.84 $0.00 $260.28 $47,322.84
42 $47,322.84 $1,028.84 $0.00 $267.57 $48,619.25
43 $48,619.25 $1,028.84 $0.00 $274.90 $49,922.99
44 $49,922.99 $1,028.84 $0.00 $282.27 $51,234.10
45 $51,234.10 $1,028.84 $0.00 $289.69 $52,552.63
46 $52,552.63 $1,028.84 $0.00 $297.14 $53,878.61
47 $53,878.61 $1,028.84 $0.00 $304.64 $55,212.09
48 $55,212.09 $1,028.84 $0.00 $312.18 $56,553.11
49 $56,553.11 $1,028.84 $0.00 $319.76 $57,901.71
50 $57,901.71 $1,028.84 $0.00 $327.38 $59,257.93
51 $59,257.93 $1,028.84 $0.00 $335.05 $60,621.82
52 $60,621.82 $1,028.84 $0.00 $342.76 $61,993.42
53 $61,993.42 $1,028.84 $0.00 $350.52 $63,372.78
54 $63,372.78 $1,028.84 $0.00 $358.32 $64,759.94
55 $64,759.94 $1,028.84 $0.00 $366.16 $66,154.94
56 $66,154.94 $1,028.84 $0.00 $374.05 $67,557.83
57 $67,557.83 $1,028.84 $0.00 $381.98 $68,968.65
58 $68,968.65 $1,028.84 $0.00 $389.96 $70,387.45
59 $70,387.45 $1,028.84 $0.00 $397.98 $71,814.27
60 $71,814.27 $1,028.84 $0.00 $406.05 $73,249.16
61 $73,249.16 $1,028.84 $0.00 $414.16 $74,692.16
62 $74,692.16 $1,028.84 $0.00 $422.32 $76,143.32
63 $76,143.32 $1,028.84 $0.00 $430.53 $77,602.69
64 $77,602.69 $1,028.84 $0.00 $438.78 $79,070.31
65 $79,070.31 $1,028.84 $0.00 $447.08 $80,546.23
66 $80,546.23 $1,028.84 $0.00 $455.42 $82,030.49
67 $82,030.49 $1,028.84 $0.00 $463.81 $83,523.14
68 $83,523.14 $1,028.84 $0.00 $472.25 $85,024.23
69 $85,024.23 $1,028.84 $0.00 $480.74 $86,533.81
70 $86,533.81 $1,028.84 $0.00 $489.27 $88,051.92
71 $88,051.92 $1,028.84 $0.00 $497.86 $89,578.62
72 $89,578.62 $1,028.84 $0.00 $506.49 $91,113.95
73 $91,113.95 $1,028.84 $0.00 $515.17 $92,657.96
74 $92,657.96 $1,028.84 $0.00 $523.90 $94,210.70
75 $94,210.70 $1,028.84 $0.00 $532.68 $95,772.22
76 $95,772.22 $1,028.84 $0.00 $541.51 $97,342.57
77 $97,342.57 $1,028.84 $0.00 $550.39 $98,921.80
78 $98,921.80 $1,028.84 $0.00 $559.32 $100,509.96
79 $100,509.96 $1,028.84 $0.00 $568.30 $102,107.10
80 $102,107.10 $1,028.84 $0.00 $577.33 $103,713.27
81 $103,713.27 $1,028.84 $0.00 $586.41 $105,328.52
82 $105,328.52 $1,028.84 $0.00 $595.54 $106,952.90
83 $106,952.90 $1,028.84 $0.00 $604.73 $108,586.47
84 $108,586.47 $1,028.84 $0.00 $613.96 $110,229.27
85 $110,229.27 $1,028.84 $0.00 $623.25 $111,881.36
86 $111,881.36 $1,028.84 $0.00 $632.59 $113,542.79
87 $113,542.79 $1,028.84 $0.00 $641.99 $115,213.62
88 $115,213.62 $1,028.84 $0.00 $651.43 $116,893.89
89 $116,893.89 $1,028.84 $0.00 $660.94 $118,583.67
90 $118,583.67 $1,028.84 $0.00 $670.49 $120,283.00
91 $120,283.00 $1,028.84 $0.00 $680.10 $121,991.94
92 $121,991.94 $1,028.84 $0.00 $689.76 $123,710.54
93 $123,710.54 $1,028.84 $0.00 $699.48 $125,438.86
94 $125,438.86 $1,028.84 $0.00 $709.25 $127,176.95
95 $127,176.95 $1,028.84 $0.00 $719.08 $128,924.87
96 $128,924.87 $1,028.84 $0.00 $728.96 $130,682.67
97 $130,682.67 $1,028.84 $0.00 $738.90 $132,450.41
98 $132,450.41 $1,028.84 $0.00 $748.89 $134,228.14
99 $134,228.14 $1,028.84 $0.00 $758.95 $136,015.93
100 $136,015.93 $1,028.84 $0.00 $769.05 $137,813.82
101 $137,813.82 $1,028.84 $0.00 $779.22 $139,621.88
102 $139,621.88 $1,028.84 $0.00 $789.44 $141,440.16
103 $141,440.16 $1,028.84 $0.00 $799.72 $143,268.72
104 $143,268.72 $1,028.84 $0.00 $810.06 $145,107.62
105 $145,107.62 $1,028.84 $0.00 $820.46 $146,956.92
106 $146,956.92 $1,028.84 $0.00 $830.92 $148,816.68
107 $148,816.68 $1,028.84 $0.00 $841.43 $150,686.95
108 $150,686.95 $1,028.84 $0.00 $852.01 $152,567.80
109 $152,567.80 $1,028.84 $0.00 $862.64 $154,459.28
110 $154,459.28 $1,028.84 $0.00 $873.34 $156,361.46
111 $156,361.46 $1,028.84 $0.00 $884.09 $158,274.39
112 $158,274.39 $1,028.84 $0.00 $894.91 $160,198.14
113 $160,198.14 $1,028.84 $0.00 $905.78 $162,132.76
114 $162,132.76 $1,028.84 $0.00 $916.72 $164,078.32
115 $164,078.32 $1,028.84 $0.00 $927.72 $166,034.88
116 $166,034.88 $1,028.84 $0.00 $938.79 $168,002.51
117 $168,002.51 $1,028.84 $0.00 $949.91 $169,981.26
118 $169,981.26 $1,028.84 $0.00 $961.10 $171,971.20
119 $171,971.20 $1,028.84 $0.00 $972.35 $173,972.39
120 $173,972.39 $1,028.84 $0.00 $983.67 $175,984.90
121 $175,984.90 $1,028.84 $0.00 $995.04 $178,008.78
122 $178,008.78 $1,028.84 $0.00 $1,006.49 $180,044.11
123 $180,044.11 $1,028.84 $0.00 $1,018.00 $182,090.95
124 $182,090.95 $1,028.84 $0.00 $1,029.57 $184,149.36
125 $184,149.36 $1,028.84 $0.00 $1,041.21 $186,219.41
126 $186,219.41 $1,028.84 $0.00 $1,052.91 $188,301.16
127 $188,301.16 $1,028.84 $0.00 $1,064.68 $190,394.68
128 $190,394.68 $1,028.84 $0.00 $1,076.52 $192,500.04
129 $192,500.04 $1,028.84 $0.00 $1,088.42 $194,617.30
130 $194,617.30 $1,028.84 $0.00 $1,100.39 $196,746.53
131 $196,746.53 $1,028.84 $0.00 $1,112.43 $198,887.80
132 $198,887.80 $1,028.84 $0.00 $1,124.54 $201,041.18
133 $201,041.18 $1,028.84 $0.00 $1,136.72 $203,206.74
134 $203,206.74 $1,028.84 $0.00 $1,148.96 $205,384.54
135 $205,384.54 $1,028.84 $0.00 $1,161.27 $207,574.65
136 $207,574.65 $1,028.84 $0.00 $1,173.66 $209,777.15
137 $209,777.15 $1,028.84 $0.00 $1,186.11 $211,992.10
138 $211,992.10 $1,028.84 $0.00 $1,198.63 $214,219.57
139 $214,219.57 $1,028.84 $0.00 $1,211.23 $216,459.64
140 $216,459.64 $1,028.84 $0.00 $1,223.89 $218,712.37
141 $218,712.37 $1,028.84 $0.00 $1,236.63 $220,977.84
142 $220,977.84 $1,028.84 $0.00 $1,249.44 $223,256.12
143 $223,256.12 $1,028.84 $0.00 $1,262.32 $225,547.28
144 $225,547.28 $1,028.84 $0.00 $1,275.28 $227,851.40
145 $227,851.40 $1,028.84 $0.00 $1,288.30 $230,168.54
146 $230,168.54 $1,028.84 $0.00 $1,301.41 $232,498.79
147 $232,498.79 $1,028.84 $0.00 $1,314.58 $234,842.21
148 $234,842.21 $1,028.84 $0.00 $1,327.83 $237,198.88
149 $237,198.88 $1,028.84 $0.00 $1,341.16 $239,568.88
150 $239,568.88 $1,028.84 $0.00 $1,354.56 $241,952.28
151 $241,952.28 $1,028.84 $0.00 $1,368.03 $244,349.15
152 $244,349.15 $1,028.84 $0.00 $1,381.59 $246,759.58
153 $246,759.58 $1,028.84 $0.00 $1,395.21 $249,183.63
154 $249,183.63 $1,028.84 $0.00 $1,408.92 $251,621.39
155 $251,621.39 $1,028.84 $0.00 $1,422.70 $254,072.93
156 $254,072.93 $1,028.84 $0.00 $1,436.57 $256,538.34
157 $256,538.34 $1,028.84 $0.00 $1,450.51 $259,017.69
158 $259,017.69 $1,028.84 $0.00 $1,464.52 $261,511.05
159 $261,511.05 $1,028.84 $0.00 $1,478.62 $264,018.51
160 $264,018.51 $1,028.84 $0.00 $1,492.80 $266,540.15
161 $266,540.15 $1,028.84 $0.00 $1,507.06 $269,076.05
162 $269,076.05 $1,028.84 $0.00 $1,521.40 $271,626.29
163 $271,626.29 $1,028.84 $0.00 $1,535.81 $274,190.94
164 $274,190.94 $1,028.84 $0.00 $1,550.32 $276,770.10
165 $276,770.10 $1,028.84 $0.00 $1,564.90 $279,363.84
166 $279,363.84 $1,028.84 $0.00 $1,579.56 $281,972.24
167 $281,972.24 $1,028.84 $0.00 $1,594.31 $284,595.39
168 $284,595.39 $1,028.84 $0.00 $1,609.14 $287,233.37
169 $287,233.37 $1,028.84 $0.00 $1,624.06 $289,886.27
170 $289,886.27 $1,028.84 $0.00 $1,639.06 $292,554.17
171 $292,554.17 $1,028.84 $0.00 $1,654.14 $295,237.15
172 $295,237.15 $1,028.84 $0.00 $1,669.31 $297,935.30
173 $297,935.30 $1,028.84 $0.00 $1,684.57 $300,648.71
174 $300,648.71 $1,028.84 $0.00 $1,699.91 $303,377.46
175 $303,377.46 $1,028.84 $0.00 $1,715.34 $306,121.64
176 $306,121.64 $1,028.84 $0.00 $1,730.86 $308,881.34
177 $308,881.34 $1,028.84 $0.00 $1,746.46 $311,656.64
178 $311,656.64 $1,028.84 $0.00 $1,762.15 $314,447.63
179 $314,447.63 $1,028.84 $0.00 $1,777.93 $317,254.40
180 $317,254.40 $1,028.84 $0.00 $1,793.80 $320,077.04
181 $320,077.04 $1,028.84 $0.00 $1,809.76 $322,915.64
182 $322,915.64 $1,028.84 $0.00 $1,825.81 $325,770.29
183 $325,770.29 $1,028.84 $0.00 $1,841.95 $328,641.08
184 $328,641.08 $1,028.84 $0.00 $1,858.18 $331,528.10
185 $331,528.10 $1,028.84 $0.00 $1,874.51 $334,431.45
186 $334,431.45 $1,028.84 $0.00 $1,890.92 $337,351.21
187 $337,351.21 $1,028.84 $0.00 $1,907.43 $340,287.48
188 $340,287.48 $1,028.84 $0.00 $1,924.03 $343,240.35
189 $343,240.35 $1,028.84 $0.00 $1,940.73 $346,209.92
190 $346,209.92 $1,028.84 $0.00 $1,957.52 $349,196.28
191 $349,196.28 $1,028.84 $0.00 $1,974.41 $352,199.53
192 $352,199.53 $1,028.84 $0.00 $1,991.39 $355,219.76
193 $355,219.76 $1,028.84 $0.00 $2,008.46 $358,257.06
194 $358,257.06 $1,028.84 $0.00 $2,025.64 $361,311.54
195 $361,311.54 $1,028.84 $0.00 $2,042.91 $364,383.29
196 $364,383.29 $1,028.84 $0.00 $2,060.28 $367,472.41
197 $367,472.41 $1,028.84 $0.00 $2,077.74 $370,578.99
198 $370,578.99 $1,028.84 $0.00 $2,095.31 $373,703.14
199 $373,703.14 $1,028.84 $0.00 $2,112.97 $376,844.95
200 $376,844.95 $1,028.84 $0.00 $2,130.74 $380,004.53
201 $380,004.53 $1,028.84 $0.00 $2,148.60 $383,181.97
202 $383,181.97 $1,028.84 $0.00 $2,166.57 $386,377.38
203 $386,377.38 $1,028.84 $0.00 $2,184.63 $389,590.85
204 $389,590.85 $1,028.84 $0.00 $2,202.80 $392,822.49
205 $392,822.49 $1,028.84 $0.00 $2,221.08 $396,072.41
206 $396,072.41 $1,028.84 $0.00 $2,239.45 $399,340.70
207 $399,340.70 $1,028.84 $0.00 $2,257.93 $402,627.47
208 $402,627.47 $1,028.84 $0.00 $2,276.51 $405,932.82
209 $405,932.82 $1,028.84 $0.00 $2,295.20 $409,256.86
210 $409,256.86 $1,028.84 $0.00 $2,314.00 $412,599.70
211 $412,599.70 $1,028.84 $0.00 $2,332.90 $415,961.44
212 $415,961.44 $1,028.84 $0.00 $2,351.91 $419,342.19
213 $419,342.19 $1,028.84 $0.00 $2,371.02 $422,742.05
214 $422,742.05 $1,028.84 $0.00 $2,390.25 $426,161.14
215 $426,161.14 $1,028.84 $0.00 $2,409.58 $429,599.56
216 $429,599.56 $1,028.84 $0.00 $2,429.02 $433,057.42
217 $433,057.42 $1,028.84 $120,619.76 $2,448.57 $315,915.07
218 $315,915.07 $1,028.84 $0.00 $1,786.23 $318,730.14
219 $318,730.14 $1,028.84 $0.00 $1,802.15 $321,561.13
220 $321,561.13 $1,028.84 $0.00 $1,818.15 $324,408.12
221 $324,408.12 $1,028.84 $0.00 $1,834.25 $327,271.21
222 $327,271.21 $1,028.84 $0.00 $1,850.44 $330,150.49
223 $330,150.49 $1,028.84 $0.00 $1,866.72 $333,046.05
224 $333,046.05 $1,028.84 $0.00 $1,883.09 $335,957.98
225 $335,957.98 $1,028.84 $0.00 $1,899.56 $338,886.38
226 $338,886.38 $1,028.84 $0.00 $1,916.11 $341,831.33
227 $341,831.33 $1,028.84 $0.00 $1,932.76 $344,792.93
228 $344,792.93 $1,028.84 $0.00 $1,949.51 $347,771.28
229 $347,771.28 $1,028.84 $126,650.74 $1,966.35 $224,115.73
230 $224,115.73 $1,028.84 $0.00 $1,267.18 $226,411.75
231 $226,411.75 $1,028.84 $0.00 $1,280.16 $228,720.75
232 $228,720.75 $1,028.84 $0.00 $1,293.22 $231,042.81
233 $231,042.81 $1,028.84 $0.00 $1,306.35 $233,378.00
234 $233,378.00 $1,028.84 $0.00 $1,319.55 $235,726.39
235 $235,726.39 $1,028.84 $0.00 $1,332.83 $238,088.06
236 $238,088.06 $1,028.84 $0.00 $1,346.18 $240,463.08
237 $240,463.08 $1,028.84 $0.00 $1,359.61 $242,851.53
238 $242,851.53 $1,028.84 $0.00 $1,373.12 $245,253.49
239 $245,253.49 $1,028.84 $0.00 $1,386.70 $247,669.03
240 $247,669.03 $1,028.84 $0.00 $1,400.36 $250,098.23
241 $250,098.23 $1,028.84 $132,983.28 $1,414.09 $119,557.88
242 $119,557.88 $1,028.84 $0.00 $676.00 $121,262.72
243 $121,262.72 $1,028.84 $0.00 $685.64 $122,977.20
244 $122,977.20 $1,028.84 $0.00 $695.33 $124,701.37
245 $124,701.37 $1,028.84 $0.00 $705.08 $126,435.29
246 $126,435.29 $1,028.84 $0.00 $714.88 $128,179.01
247 $128,179.01 $1,028.84 $0.00 $724.74 $129,932.59
248 $129,932.59 $1,028.84 $0.00 $734.66 $131,696.09
249 $131,696.09 $1,028.84 $0.00 $744.63 $133,469.56
250 $133,469.56 $1,028.84 $0.00 $754.66 $135,253.06
251 $135,253.06 $1,028.84 $0.00 $764.74 $137,046.64
252 $137,046.64 $1,028.84 $0.00 $774.88 $138,850.36
253 $138,850.36 $0.00 $139,632.45 $785.08 $2.99