Savings Plan and Future Cost Estimation for Texas College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$57,569
Monthly savings required$456

How much will it cost to send your child to Texas College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $230,276.82 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $455.70 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$22,200.00
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 $455.70 $0.00 $0.00 $455.70
2 $455.70 $455.70 $0.00 $2.58 $913.98
3 $913.98 $455.70 $0.00 $5.17 $1,374.85
4 $1,374.85 $455.70 $0.00 $7.77 $1,838.32
5 $1,838.32 $455.70 $0.00 $10.39 $2,304.41
6 $2,304.41 $455.70 $0.00 $13.03 $2,773.14
7 $2,773.14 $455.70 $0.00 $15.68 $3,244.52
8 $3,244.52 $455.70 $0.00 $18.34 $3,718.56
9 $3,718.56 $455.70 $0.00 $21.03 $4,195.29
10 $4,195.29 $455.70 $0.00 $23.72 $4,674.71
11 $4,674.71 $455.70 $0.00 $26.43 $5,156.84
12 $5,156.84 $455.70 $0.00 $29.16 $5,641.70
13 $5,641.70 $455.70 $0.00 $31.90 $6,129.30
14 $6,129.30 $455.70 $0.00 $34.66 $6,619.66
15 $6,619.66 $455.70 $0.00 $37.43 $7,112.79
16 $7,112.79 $455.70 $0.00 $40.22 $7,608.71
17 $7,608.71 $455.70 $0.00 $43.02 $8,107.43
18 $8,107.43 $455.70 $0.00 $45.84 $8,608.97
19 $8,608.97 $455.70 $0.00 $48.68 $9,113.35
20 $9,113.35 $455.70 $0.00 $51.53 $9,620.58
21 $9,620.58 $455.70 $0.00 $54.40 $10,130.68
22 $10,130.68 $455.70 $0.00 $57.28 $10,643.66
23 $10,643.66 $455.70 $0.00 $60.18 $11,159.54
24 $11,159.54 $455.70 $0.00 $63.10 $11,678.34
25 $11,678.34 $455.70 $0.00 $66.03 $12,200.07
26 $12,200.07 $455.70 $0.00 $68.98 $12,724.75
27 $12,724.75 $455.70 $0.00 $71.95 $13,252.40
28 $13,252.40 $455.70 $0.00 $74.93 $13,783.03
29 $13,783.03 $455.70 $0.00 $77.93 $14,316.66
30 $14,316.66 $455.70 $0.00 $80.95 $14,853.31
31 $14,853.31 $455.70 $0.00 $83.98 $15,392.99
32 $15,392.99 $455.70 $0.00 $87.03 $15,935.72
33 $15,935.72 $455.70 $0.00 $90.10 $16,481.52
34 $16,481.52 $455.70 $0.00 $93.19 $17,030.41
35 $17,030.41 $455.70 $0.00 $96.29 $17,582.40
36 $17,582.40 $455.70 $0.00 $99.41 $18,137.51
37 $18,137.51 $455.70 $0.00 $102.55 $18,695.76
38 $18,695.76 $455.70 $0.00 $105.71 $19,257.17
39 $19,257.17 $455.70 $0.00 $108.88 $19,821.75
40 $19,821.75 $455.70 $0.00 $112.08 $20,389.53
41 $20,389.53 $455.70 $0.00 $115.29 $20,960.52
42 $20,960.52 $455.70 $0.00 $118.51 $21,534.73
43 $21,534.73 $455.70 $0.00 $121.76 $22,112.19
44 $22,112.19 $455.70 $0.00 $125.03 $22,692.92
45 $22,692.92 $455.70 $0.00 $128.31 $23,276.93
46 $23,276.93 $455.70 $0.00 $131.61 $23,864.24
47 $23,864.24 $455.70 $0.00 $134.93 $24,454.87
48 $24,454.87 $455.70 $0.00 $138.27 $25,048.84
49 $25,048.84 $455.70 $0.00 $141.63 $25,646.17
50 $25,646.17 $455.70 $0.00 $145.01 $26,246.88
51 $26,246.88 $455.70 $0.00 $148.40 $26,850.98
52 $26,850.98 $455.70 $0.00 $151.82 $27,458.50
53 $27,458.50 $455.70 $0.00 $155.25 $28,069.45
54 $28,069.45 $455.70 $0.00 $158.71 $28,683.86
55 $28,683.86 $455.70 $0.00 $162.18 $29,301.74
56 $29,301.74 $455.70 $0.00 $165.68 $29,923.12
57 $29,923.12 $455.70 $0.00 $169.19 $30,548.01
58 $30,548.01 $455.70 $0.00 $172.72 $31,176.43
59 $31,176.43 $455.70 $0.00 $176.28 $31,808.41
60 $31,808.41 $455.70 $0.00 $179.85 $32,443.96
61 $32,443.96 $455.70 $0.00 $183.44 $33,083.10
62 $33,083.10 $455.70 $0.00 $187.06 $33,725.86
63 $33,725.86 $455.70 $0.00 $190.69 $34,372.25
64 $34,372.25 $455.70 $0.00 $194.35 $35,022.30
65 $35,022.30 $455.70 $0.00 $198.02 $35,676.02
66 $35,676.02 $455.70 $0.00 $201.72 $36,333.44
67 $36,333.44 $455.70 $0.00 $205.43 $36,994.57
68 $36,994.57 $455.70 $0.00 $209.17 $37,659.44
69 $37,659.44 $455.70 $0.00 $212.93 $38,328.07
70 $38,328.07 $455.70 $0.00 $216.71 $39,000.48
71 $39,000.48 $455.70 $0.00 $220.51 $39,676.69
72 $39,676.69 $455.70 $0.00 $224.34 $40,356.73
73 $40,356.73 $455.70 $0.00 $228.18 $41,040.61
74 $41,040.61 $455.70 $0.00 $232.05 $41,728.36
75 $41,728.36 $455.70 $0.00 $235.94 $42,420.00
76 $42,420.00 $455.70 $0.00 $239.85 $43,115.55
77 $43,115.55 $455.70 $0.00 $243.78 $43,815.03
78 $43,815.03 $455.70 $0.00 $247.74 $44,518.47
79 $44,518.47 $455.70 $0.00 $251.71 $45,225.88
80 $45,225.88 $455.70 $0.00 $255.71 $45,937.29
81 $45,937.29 $455.70 $0.00 $259.74 $46,652.73
82 $46,652.73 $455.70 $0.00 $263.78 $47,372.21
83 $47,372.21 $455.70 $0.00 $267.85 $48,095.76
84 $48,095.76 $455.70 $0.00 $271.94 $48,823.40
85 $48,823.40 $455.70 $0.00 $276.05 $49,555.15
86 $49,555.15 $455.70 $0.00 $280.19 $50,291.04
87 $50,291.04 $455.70 $0.00 $284.35 $51,031.09
88 $51,031.09 $455.70 $0.00 $288.54 $51,775.33
89 $51,775.33 $455.70 $0.00 $292.75 $52,523.78
90 $52,523.78 $455.70 $0.00 $296.98 $53,276.46
91 $53,276.46 $455.70 $0.00 $301.23 $54,033.39
92 $54,033.39 $455.70 $0.00 $305.51 $54,794.60
93 $54,794.60 $455.70 $0.00 $309.82 $55,560.12
94 $55,560.12 $455.70 $0.00 $314.14 $56,329.96
95 $56,329.96 $455.70 $0.00 $318.50 $57,104.16
96 $57,104.16 $455.70 $0.00 $322.88 $57,882.74
97 $57,882.74 $455.70 $0.00 $327.28 $58,665.72
98 $58,665.72 $455.70 $0.00 $331.70 $59,453.12
99 $59,453.12 $455.70 $0.00 $336.16 $60,244.98
100 $60,244.98 $455.70 $0.00 $340.63 $61,041.31
101 $61,041.31 $455.70 $0.00 $345.14 $61,842.15
102 $61,842.15 $455.70 $0.00 $349.66 $62,647.51
103 $62,647.51 $455.70 $0.00 $354.22 $63,457.43
104 $63,457.43 $455.70 $0.00 $358.80 $64,271.93
105 $64,271.93 $455.70 $0.00 $363.40 $65,091.03
106 $65,091.03 $455.70 $0.00 $368.03 $65,914.76
107 $65,914.76 $455.70 $0.00 $372.69 $66,743.15
108 $66,743.15 $455.70 $0.00 $377.38 $67,576.23
109 $67,576.23 $455.70 $0.00 $382.09 $68,414.02
110 $68,414.02 $455.70 $0.00 $386.82 $69,256.54
111 $69,256.54 $455.70 $0.00 $391.59 $70,103.83
112 $70,103.83 $455.70 $0.00 $396.38 $70,955.91
113 $70,955.91 $455.70 $0.00 $401.20 $71,812.81
114 $71,812.81 $455.70 $0.00 $406.04 $72,674.55
115 $72,674.55 $455.70 $0.00 $410.91 $73,541.16
116 $73,541.16 $455.70 $0.00 $415.81 $74,412.67
117 $74,412.67 $455.70 $0.00 $420.74 $75,289.11
118 $75,289.11 $455.70 $0.00 $425.70 $76,170.51
119 $76,170.51 $455.70 $0.00 $430.68 $77,056.89
120 $77,056.89 $455.70 $0.00 $435.69 $77,948.28
121 $77,948.28 $455.70 $0.00 $440.73 $78,844.71
122 $78,844.71 $455.70 $0.00 $445.80 $79,746.21
123 $79,746.21 $455.70 $0.00 $450.90 $80,652.81
124 $80,652.81 $455.70 $0.00 $456.02 $81,564.53
125 $81,564.53 $455.70 $0.00 $461.18 $82,481.41
126 $82,481.41 $455.70 $0.00 $466.36 $83,403.47
127 $83,403.47 $455.70 $0.00 $471.58 $84,330.75
128 $84,330.75 $455.70 $0.00 $476.82 $85,263.27
129 $85,263.27 $455.70 $0.00 $482.09 $86,201.06
130 $86,201.06 $455.70 $0.00 $487.39 $87,144.15
131 $87,144.15 $455.70 $0.00 $492.73 $88,092.58
132 $88,092.58 $455.70 $0.00 $498.09 $89,046.37
133 $89,046.37 $455.70 $0.00 $503.48 $90,005.55
134 $90,005.55 $455.70 $0.00 $508.90 $90,970.15
135 $90,970.15 $455.70 $0.00 $514.36 $91,940.21
136 $91,940.21 $455.70 $0.00 $519.84 $92,915.75
137 $92,915.75 $455.70 $0.00 $525.36 $93,896.81
138 $93,896.81 $455.70 $0.00 $530.91 $94,883.42
139 $94,883.42 $455.70 $0.00 $536.48 $95,875.60
140 $95,875.60 $455.70 $0.00 $542.09 $96,873.39
141 $96,873.39 $455.70 $0.00 $547.74 $97,876.83
142 $97,876.83 $455.70 $0.00 $553.41 $98,885.94
143 $98,885.94 $455.70 $0.00 $559.12 $99,900.76
144 $99,900.76 $455.70 $0.00 $564.85 $100,921.31
145 $100,921.31 $455.70 $0.00 $570.62 $101,947.63
146 $101,947.63 $455.70 $0.00 $576.43 $102,979.76
147 $102,979.76 $455.70 $0.00 $582.26 $104,017.72
148 $104,017.72 $455.70 $0.00 $588.13 $105,061.55
149 $105,061.55 $455.70 $0.00 $594.03 $106,111.28
150 $106,111.28 $455.70 $0.00 $599.97 $107,166.95
151 $107,166.95 $455.70 $0.00 $605.94 $108,228.59
152 $108,228.59 $455.70 $0.00 $611.94 $109,296.23
153 $109,296.23 $455.70 $0.00 $617.98 $110,369.91
154 $110,369.91 $455.70 $0.00 $624.05 $111,449.66
155 $111,449.66 $455.70 $0.00 $630.15 $112,535.51
156 $112,535.51 $455.70 $0.00 $636.29 $113,627.50
157 $113,627.50 $455.70 $0.00 $642.47 $114,725.67
158 $114,725.67 $455.70 $0.00 $648.68 $115,830.05
159 $115,830.05 $455.70 $0.00 $654.92 $116,940.67
160 $116,940.67 $455.70 $0.00 $661.20 $118,057.57
161 $118,057.57 $455.70 $0.00 $667.51 $119,180.78
162 $119,180.78 $455.70 $0.00 $673.87 $120,310.35
163 $120,310.35 $455.70 $0.00 $680.25 $121,446.30
164 $121,446.30 $455.70 $0.00 $686.68 $122,588.68
165 $122,588.68 $455.70 $0.00 $693.13 $123,737.51
166 $123,737.51 $455.70 $0.00 $699.63 $124,892.84
167 $124,892.84 $455.70 $0.00 $706.16 $126,054.70
168 $126,054.70 $455.70 $0.00 $712.73 $127,223.13
169 $127,223.13 $455.70 $0.00 $719.34 $128,398.17
170 $128,398.17 $455.70 $0.00 $725.98 $129,579.85
171 $129,579.85 $455.70 $0.00 $732.66 $130,768.21
172 $130,768.21 $455.70 $0.00 $739.38 $131,963.29
173 $131,963.29 $455.70 $0.00 $746.14 $133,165.13
174 $133,165.13 $455.70 $0.00 $752.94 $134,373.77
175 $134,373.77 $455.70 $0.00 $759.77 $135,589.24
176 $135,589.24 $455.70 $0.00 $766.64 $136,811.58
177 $136,811.58 $455.70 $0.00 $773.55 $138,040.83
178 $138,040.83 $455.70 $0.00 $780.50 $139,277.03
179 $139,277.03 $455.70 $0.00 $787.49 $140,520.22
180 $140,520.22 $455.70 $0.00 $794.52 $141,770.44
181 $141,770.44 $455.70 $0.00 $801.59 $143,027.73
182 $143,027.73 $455.70 $0.00 $808.70 $144,292.13
183 $144,292.13 $455.70 $0.00 $815.85 $145,563.68
184 $145,563.68 $455.70 $0.00 $823.04 $146,842.42
185 $146,842.42 $455.70 $0.00 $830.27 $148,128.39
186 $148,128.39 $455.70 $0.00 $837.54 $149,421.63
187 $149,421.63 $455.70 $0.00 $844.85 $150,722.18
188 $150,722.18 $455.70 $0.00 $852.21 $152,030.09
189 $152,030.09 $455.70 $0.00 $859.60 $153,345.39
190 $153,345.39 $455.70 $0.00 $867.04 $154,668.13
191 $154,668.13 $455.70 $0.00 $874.52 $155,998.35
192 $155,998.35 $455.70 $0.00 $882.04 $157,336.09
193 $157,336.09 $455.70 $0.00 $889.60 $158,681.39
194 $158,681.39 $455.70 $0.00 $897.21 $160,034.30
195 $160,034.30 $455.70 $0.00 $904.86 $161,394.86
196 $161,394.86 $455.70 $0.00 $912.55 $162,763.11
197 $162,763.11 $455.70 $0.00 $920.29 $164,139.10
198 $164,139.10 $455.70 $0.00 $928.07 $165,522.87
199 $165,522.87 $455.70 $0.00 $935.89 $166,914.46
200 $166,914.46 $455.70 $0.00 $943.76 $168,313.92
201 $168,313.92 $455.70 $0.00 $951.67 $169,721.29
202 $169,721.29 $455.70 $0.00 $959.63 $171,136.62
203 $171,136.62 $455.70 $0.00 $967.63 $172,559.95
204 $172,559.95 $455.70 $0.00 $975.68 $173,991.33
205 $173,991.33 $455.70 $0.00 $983.77 $175,430.80
206 $175,430.80 $455.70 $0.00 $991.91 $176,878.41
207 $176,878.41 $455.70 $0.00 $1,000.10 $178,334.21
208 $178,334.21 $455.70 $0.00 $1,008.33 $179,798.24
209 $179,798.24 $455.70 $0.00 $1,016.61 $181,270.55
210 $181,270.55 $455.70 $0.00 $1,024.93 $182,751.18
211 $182,751.18 $455.70 $0.00 $1,033.30 $184,240.18
212 $184,240.18 $455.70 $0.00 $1,041.72 $185,737.60
213 $185,737.60 $455.70 $0.00 $1,050.19 $187,243.49
214 $187,243.49 $455.70 $0.00 $1,058.70 $188,757.89
215 $188,757.89 $455.70 $0.00 $1,067.26 $190,280.85
216 $190,280.85 $455.70 $0.00 $1,075.88 $191,812.43
217 $191,812.43 $455.70 $53,426.95 $1,084.54 $139,925.72
218 $139,925.72 $455.70 $0.00 $791.16 $141,172.58
219 $141,172.58 $455.70 $0.00 $798.21 $142,426.49
220 $142,426.49 $455.70 $0.00 $805.30 $143,687.49
221 $143,687.49 $455.70 $0.00 $812.43 $144,955.62
222 $144,955.62 $455.70 $0.00 $819.60 $146,230.92
223 $146,230.92 $455.70 $0.00 $826.81 $147,513.43
224 $147,513.43 $455.70 $0.00 $834.06 $148,803.19
225 $148,803.19 $455.70 $0.00 $841.35 $150,100.24
226 $150,100.24 $455.70 $0.00 $848.69 $151,404.63
227 $151,404.63 $455.70 $0.00 $856.06 $152,716.39
228 $152,716.39 $455.70 $0.00 $863.48 $154,035.57
229 $154,035.57 $455.70 $56,098.29 $870.94 $99,263.92
230 $99,263.92 $455.70 $0.00 $561.25 $100,280.87
231 $100,280.87 $455.70 $0.00 $567.00 $101,303.57
232 $101,303.57 $455.70 $0.00 $572.79 $102,332.06
233 $102,332.06 $455.70 $0.00 $578.60 $103,366.36
234 $103,366.36 $455.70 $0.00 $584.45 $104,406.51
235 $104,406.51 $455.70 $0.00 $590.33 $105,452.54
236 $105,452.54 $455.70 $0.00 $596.24 $106,504.48
237 $106,504.48 $455.70 $0.00 $602.19 $107,562.37
238 $107,562.37 $455.70 $0.00 $608.17 $108,626.24
239 $108,626.24 $455.70 $0.00 $614.19 $109,696.13
240 $109,696.13 $455.70 $0.00 $620.24 $110,772.07
241 $110,772.07 $455.70 $58,903.21 $626.32 $52,950.88
242 $52,950.88 $455.70 $0.00 $299.39 $53,705.97
243 $53,705.97 $455.70 $0.00 $303.66 $54,465.33
244 $54,465.33 $455.70 $0.00 $307.95 $55,228.98
245 $55,228.98 $455.70 $0.00 $312.27 $55,996.95
246 $55,996.95 $455.70 $0.00 $316.61 $56,769.26
247 $56,769.26 $455.70 $0.00 $320.98 $57,545.94
248 $57,545.94 $455.70 $0.00 $325.37 $58,327.01
249 $58,327.01 $455.70 $0.00 $329.79 $59,112.50
250 $59,112.50 $455.70 $0.00 $334.23 $59,902.43
251 $59,902.43 $455.70 $0.00 $338.70 $60,696.83
252 $60,696.83 $455.70 $0.00 $343.19 $61,495.72
253 $61,495.72 $0.00 $61,848.37 $347.71 ($4.94)