Savings Plan and Future Cost Estimation for Texas Tech University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$105,129
Monthly savings required$831

How much will it cost to send your child to Texas Tech University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $420,517.93 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $830.86 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$28,022.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Texas Tech University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $830.86 $0.00 $0.00 $830.86
2 $830.86 $830.86 $0.00 $4.70 $1,666.42
3 $1,666.42 $830.86 $0.00 $9.42 $2,506.70
4 $2,506.70 $830.86 $0.00 $14.17 $3,351.73
5 $3,351.73 $830.86 $0.00 $18.95 $4,201.54
6 $4,201.54 $830.86 $0.00 $23.76 $5,056.16
7 $5,056.16 $830.86 $0.00 $28.59 $5,915.61
8 $5,915.61 $830.86 $0.00 $33.45 $6,779.92
9 $6,779.92 $830.86 $0.00 $38.33 $7,649.11
10 $7,649.11 $830.86 $0.00 $43.25 $8,523.22
11 $8,523.22 $830.86 $0.00 $48.19 $9,402.27
12 $9,402.27 $830.86 $0.00 $53.16 $10,286.29
13 $10,286.29 $830.86 $0.00 $58.16 $11,175.31
14 $11,175.31 $830.86 $0.00 $63.19 $12,069.36
15 $12,069.36 $830.86 $0.00 $68.24 $12,968.46
16 $12,968.46 $830.86 $0.00 $73.33 $13,872.65
17 $13,872.65 $830.86 $0.00 $78.44 $14,781.95
18 $14,781.95 $830.86 $0.00 $83.58 $15,696.39
19 $15,696.39 $830.86 $0.00 $88.75 $16,616.00
20 $16,616.00 $830.86 $0.00 $93.95 $17,540.81
21 $17,540.81 $830.86 $0.00 $99.18 $18,470.85
22 $18,470.85 $830.86 $0.00 $104.44 $19,406.15
23 $19,406.15 $830.86 $0.00 $109.73 $20,346.74
24 $20,346.74 $830.86 $0.00 $115.04 $21,292.64
25 $21,292.64 $830.86 $0.00 $120.39 $22,243.89
26 $22,243.89 $830.86 $0.00 $125.77 $23,200.52
27 $23,200.52 $830.86 $0.00 $131.18 $24,162.56
28 $24,162.56 $830.86 $0.00 $136.62 $25,130.04
29 $25,130.04 $830.86 $0.00 $142.09 $26,102.99
30 $26,102.99 $830.86 $0.00 $147.59 $27,081.44
31 $27,081.44 $830.86 $0.00 $153.12 $28,065.42
32 $28,065.42 $830.86 $0.00 $158.69 $29,054.97
33 $29,054.97 $830.86 $0.00 $164.28 $30,050.11
34 $30,050.11 $830.86 $0.00 $169.91 $31,050.88
35 $31,050.88 $830.86 $0.00 $175.57 $32,057.31
36 $32,057.31 $830.86 $0.00 $181.26 $33,069.43
37 $33,069.43 $830.86 $0.00 $186.98 $34,087.27
38 $34,087.27 $830.86 $0.00 $192.73 $35,110.86
39 $35,110.86 $830.86 $0.00 $198.52 $36,140.24
40 $36,140.24 $830.86 $0.00 $204.34 $37,175.44
41 $37,175.44 $830.86 $0.00 $210.20 $38,216.50
42 $38,216.50 $830.86 $0.00 $216.08 $39,263.44
43 $39,263.44 $830.86 $0.00 $222.00 $40,316.30
44 $40,316.30 $830.86 $0.00 $227.95 $41,375.11
45 $41,375.11 $830.86 $0.00 $233.94 $42,439.91
46 $42,439.91 $830.86 $0.00 $239.96 $43,510.73
47 $43,510.73 $830.86 $0.00 $246.02 $44,587.61
48 $44,587.61 $830.86 $0.00 $252.10 $45,670.57
49 $45,670.57 $830.86 $0.00 $258.23 $46,759.66
50 $46,759.66 $830.86 $0.00 $264.39 $47,854.91
51 $47,854.91 $830.86 $0.00 $270.58 $48,956.35
52 $48,956.35 $830.86 $0.00 $276.81 $50,064.02
53 $50,064.02 $830.86 $0.00 $283.07 $51,177.95
54 $51,177.95 $830.86 $0.00 $289.37 $52,298.18
55 $52,298.18 $830.86 $0.00 $295.70 $53,424.74
56 $53,424.74 $830.86 $0.00 $302.07 $54,557.67
57 $54,557.67 $830.86 $0.00 $308.48 $55,697.01
58 $55,697.01 $830.86 $0.00 $314.92 $56,842.79
59 $56,842.79 $830.86 $0.00 $321.40 $57,995.05
60 $57,995.05 $830.86 $0.00 $327.91 $59,153.82
61 $59,153.82 $830.86 $0.00 $334.46 $60,319.14
62 $60,319.14 $830.86 $0.00 $341.05 $61,491.05
63 $61,491.05 $830.86 $0.00 $347.68 $62,669.59
64 $62,669.59 $830.86 $0.00 $354.34 $63,854.79
65 $63,854.79 $830.86 $0.00 $361.04 $65,046.69
66 $65,046.69 $830.86 $0.00 $367.78 $66,245.33
67 $66,245.33 $830.86 $0.00 $374.56 $67,450.75
68 $67,450.75 $830.86 $0.00 $381.38 $68,662.99
69 $68,662.99 $830.86 $0.00 $388.23 $69,882.08
70 $69,882.08 $830.86 $0.00 $395.12 $71,108.06
71 $71,108.06 $830.86 $0.00 $402.06 $72,340.98
72 $72,340.98 $830.86 $0.00 $409.03 $73,580.87
73 $73,580.87 $830.86 $0.00 $416.04 $74,827.77
74 $74,827.77 $830.86 $0.00 $423.09 $76,081.72
75 $76,081.72 $830.86 $0.00 $430.18 $77,342.76
76 $77,342.76 $830.86 $0.00 $437.31 $78,610.93
77 $78,610.93 $830.86 $0.00 $444.48 $79,886.27
78 $79,886.27 $830.86 $0.00 $451.69 $81,168.82
79 $81,168.82 $830.86 $0.00 $458.94 $82,458.62
80 $82,458.62 $830.86 $0.00 $466.23 $83,755.71
81 $83,755.71 $830.86 $0.00 $473.57 $85,060.14
82 $85,060.14 $830.86 $0.00 $480.94 $86,371.94
83 $86,371.94 $830.86 $0.00 $488.36 $87,691.16
84 $87,691.16 $830.86 $0.00 $495.82 $89,017.84
85 $89,017.84 $830.86 $0.00 $503.32 $90,352.02
86 $90,352.02 $830.86 $0.00 $510.86 $91,693.74
87 $91,693.74 $830.86 $0.00 $518.45 $93,043.05
88 $93,043.05 $830.86 $0.00 $526.08 $94,399.99
89 $94,399.99 $830.86 $0.00 $533.75 $95,764.60
90 $95,764.60 $830.86 $0.00 $541.47 $97,136.93
91 $97,136.93 $830.86 $0.00 $549.23 $98,517.02
92 $98,517.02 $830.86 $0.00 $557.03 $99,904.91
93 $99,904.91 $830.86 $0.00 $564.88 $101,300.65
94 $101,300.65 $830.86 $0.00 $572.77 $102,704.28
95 $102,704.28 $830.86 $0.00 $580.70 $104,115.84
96 $104,115.84 $830.86 $0.00 $588.69 $105,535.39
97 $105,535.39 $830.86 $0.00 $596.71 $106,962.96
98 $106,962.96 $830.86 $0.00 $604.78 $108,398.60
99 $108,398.60 $830.86 $0.00 $612.90 $109,842.36
100 $109,842.36 $830.86 $0.00 $621.06 $111,294.28
101 $111,294.28 $830.86 $0.00 $629.27 $112,754.41
102 $112,754.41 $830.86 $0.00 $637.53 $114,222.80
103 $114,222.80 $830.86 $0.00 $645.83 $115,699.49
104 $115,699.49 $830.86 $0.00 $654.18 $117,184.53
105 $117,184.53 $830.86 $0.00 $662.58 $118,677.97
106 $118,677.97 $830.86 $0.00 $671.02 $120,179.85
107 $120,179.85 $830.86 $0.00 $679.51 $121,690.22
108 $121,690.22 $830.86 $0.00 $688.05 $123,209.13
109 $123,209.13 $830.86 $0.00 $696.64 $124,736.63
110 $124,736.63 $830.86 $0.00 $705.28 $126,272.77
111 $126,272.77 $830.86 $0.00 $713.96 $127,817.59
112 $127,817.59 $830.86 $0.00 $722.70 $129,371.15
113 $129,371.15 $830.86 $0.00 $731.48 $130,933.49
114 $130,933.49 $830.86 $0.00 $740.32 $132,504.67
115 $132,504.67 $830.86 $0.00 $749.20 $134,084.73
116 $134,084.73 $830.86 $0.00 $758.13 $135,673.72
117 $135,673.72 $830.86 $0.00 $767.12 $137,271.70
118 $137,271.70 $830.86 $0.00 $776.15 $138,878.71
119 $138,878.71 $830.86 $0.00 $785.24 $140,494.81
120 $140,494.81 $830.86 $0.00 $794.38 $142,120.05
121 $142,120.05 $830.86 $0.00 $803.57 $143,754.48
122 $143,754.48 $830.86 $0.00 $812.81 $145,398.15
123 $145,398.15 $830.86 $0.00 $822.10 $147,051.11
124 $147,051.11 $830.86 $0.00 $831.45 $148,713.42
125 $148,713.42 $830.86 $0.00 $840.85 $150,385.13
126 $150,385.13 $830.86 $0.00 $850.30 $152,066.29
127 $152,066.29 $830.86 $0.00 $859.80 $153,756.95
128 $153,756.95 $830.86 $0.00 $869.36 $155,457.17
129 $155,457.17 $830.86 $0.00 $878.98 $157,167.01
130 $157,167.01 $830.86 $0.00 $888.65 $158,886.52
131 $158,886.52 $830.86 $0.00 $898.37 $160,615.75
132 $160,615.75 $830.86 $0.00 $908.14 $162,354.75
133 $162,354.75 $830.86 $0.00 $917.98 $164,103.59
134 $164,103.59 $830.86 $0.00 $927.87 $165,862.32
135 $165,862.32 $830.86 $0.00 $937.81 $167,630.99
136 $167,630.99 $830.86 $0.00 $947.81 $169,409.66
137 $169,409.66 $830.86 $0.00 $957.87 $171,198.39
138 $171,198.39 $830.86 $0.00 $967.98 $172,997.23
139 $172,997.23 $830.86 $0.00 $978.15 $174,806.24
140 $174,806.24 $830.86 $0.00 $988.38 $176,625.48
141 $176,625.48 $830.86 $0.00 $998.67 $178,455.01
142 $178,455.01 $830.86 $0.00 $1,009.01 $180,294.88
143 $180,294.88 $830.86 $0.00 $1,019.41 $182,145.15
144 $182,145.15 $830.86 $0.00 $1,029.88 $184,005.89
145 $184,005.89 $830.86 $0.00 $1,040.40 $185,877.15
146 $185,877.15 $830.86 $0.00 $1,050.98 $187,758.99
147 $187,758.99 $830.86 $0.00 $1,061.62 $189,651.47
148 $189,651.47 $830.86 $0.00 $1,072.32 $191,554.65
149 $191,554.65 $830.86 $0.00 $1,083.08 $193,468.59
150 $193,468.59 $830.86 $0.00 $1,093.90 $195,393.35
151 $195,393.35 $830.86 $0.00 $1,104.78 $197,328.99
152 $197,328.99 $830.86 $0.00 $1,115.73 $199,275.58
153 $199,275.58 $830.86 $0.00 $1,126.73 $201,233.17
154 $201,233.17 $830.86 $0.00 $1,137.80 $203,201.83
155 $203,201.83 $830.86 $0.00 $1,148.93 $205,181.62
156 $205,181.62 $830.86 $0.00 $1,160.13 $207,172.61
157 $207,172.61 $830.86 $0.00 $1,171.38 $209,174.85
158 $209,174.85 $830.86 $0.00 $1,182.71 $211,188.42
159 $211,188.42 $830.86 $0.00 $1,194.09 $213,213.37
160 $213,213.37 $830.86 $0.00 $1,205.54 $215,249.77
161 $215,249.77 $830.86 $0.00 $1,217.05 $217,297.68
162 $217,297.68 $830.86 $0.00 $1,228.63 $219,357.17
163 $219,357.17 $830.86 $0.00 $1,240.28 $221,428.31
164 $221,428.31 $830.86 $0.00 $1,251.99 $223,511.16
165 $223,511.16 $830.86 $0.00 $1,263.76 $225,605.78
166 $225,605.78 $830.86 $0.00 $1,275.61 $227,712.25
167 $227,712.25 $830.86 $0.00 $1,287.52 $229,830.63
168 $229,830.63 $830.86 $0.00 $1,299.50 $231,960.99
169 $231,960.99 $830.86 $0.00 $1,311.54 $234,103.39
170 $234,103.39 $830.86 $0.00 $1,323.65 $236,257.90
171 $236,257.90 $830.86 $0.00 $1,335.84 $238,424.60
172 $238,424.60 $830.86 $0.00 $1,348.09 $240,603.55
173 $240,603.55 $830.86 $0.00 $1,360.41 $242,794.82
174 $242,794.82 $830.86 $0.00 $1,372.80 $244,998.48
175 $244,998.48 $830.86 $0.00 $1,385.26 $247,214.60
176 $247,214.60 $830.86 $0.00 $1,397.79 $249,443.25
177 $249,443.25 $830.86 $0.00 $1,410.39 $251,684.50
178 $251,684.50 $830.86 $0.00 $1,423.06 $253,938.42
179 $253,938.42 $830.86 $0.00 $1,435.80 $256,205.08
180 $256,205.08 $830.86 $0.00 $1,448.62 $258,484.56
181 $258,484.56 $830.86 $0.00 $1,461.51 $260,776.93
182 $260,776.93 $830.86 $0.00 $1,474.47 $263,082.26
183 $263,082.26 $830.86 $0.00 $1,487.51 $265,400.63
184 $265,400.63 $830.86 $0.00 $1,500.61 $267,732.10
185 $267,732.10 $830.86 $0.00 $1,513.80 $270,076.76
186 $270,076.76 $830.86 $0.00 $1,527.05 $272,434.67
187 $272,434.67 $830.86 $0.00 $1,540.39 $274,805.92
188 $274,805.92 $830.86 $0.00 $1,553.79 $277,190.57
189 $277,190.57 $830.86 $0.00 $1,567.28 $279,588.71
190 $279,588.71 $830.86 $0.00 $1,580.84 $282,000.41
191 $282,000.41 $830.86 $0.00 $1,594.47 $284,425.74
192 $284,425.74 $830.86 $0.00 $1,608.18 $286,864.78
193 $286,864.78 $830.86 $0.00 $1,621.98 $289,317.62
194 $289,317.62 $830.86 $0.00 $1,635.84 $291,784.32
195 $291,784.32 $830.86 $0.00 $1,649.79 $294,264.97
196 $294,264.97 $830.86 $0.00 $1,663.82 $296,759.65
197 $296,759.65 $830.86 $0.00 $1,677.92 $299,268.43
198 $299,268.43 $830.86 $0.00 $1,692.11 $301,791.40
199 $301,791.40 $830.86 $0.00 $1,706.37 $304,328.63
200 $304,328.63 $830.86 $0.00 $1,720.72 $306,880.21
201 $306,880.21 $830.86 $0.00 $1,735.15 $309,446.22
202 $309,446.22 $830.86 $0.00 $1,749.65 $312,026.73
203 $312,026.73 $830.86 $0.00 $1,764.24 $314,621.83
204 $314,621.83 $830.86 $0.00 $1,778.92 $317,231.61
205 $317,231.61 $830.86 $0.00 $1,793.67 $319,856.14
206 $319,856.14 $830.86 $0.00 $1,808.51 $322,495.51
207 $322,495.51 $830.86 $0.00 $1,823.44 $325,149.81
208 $325,149.81 $830.86 $0.00 $1,838.44 $327,819.11
209 $327,819.11 $830.86 $0.00 $1,853.54 $330,503.51
210 $330,503.51 $830.86 $0.00 $1,868.71 $333,203.08
211 $333,203.08 $830.86 $0.00 $1,883.98 $335,917.92
212 $335,917.92 $830.86 $0.00 $1,899.33 $338,648.11
213 $338,648.11 $830.86 $0.00 $1,914.77 $341,393.74
214 $341,393.74 $830.86 $0.00 $1,930.29 $344,154.89
215 $344,154.89 $830.86 $0.00 $1,945.90 $346,931.65
216 $346,931.65 $830.86 $0.00 $1,961.60 $349,724.11
217 $349,724.11 $830.86 $94,712.46 $1,977.39 $257,819.90
218 $257,819.90 $830.86 $0.00 $1,457.75 $260,108.51
219 $260,108.51 $830.86 $0.00 $1,470.69 $262,410.06
220 $262,410.06 $830.86 $0.00 $1,483.70 $264,724.62
221 $264,724.62 $830.86 $0.00 $1,496.79 $267,052.27
222 $267,052.27 $830.86 $0.00 $1,509.95 $269,393.08
223 $269,393.08 $830.86 $0.00 $1,523.19 $271,747.13
224 $271,747.13 $830.86 $0.00 $1,536.50 $274,114.49
225 $274,114.49 $830.86 $0.00 $1,549.88 $276,495.23
226 $276,495.23 $830.86 $0.00 $1,563.34 $278,889.43
227 $278,889.43 $830.86 $0.00 $1,576.88 $281,297.17
228 $281,297.17 $830.86 $0.00 $1,590.50 $283,718.53
229 $283,718.53 $830.86 $101,342.33 $1,604.19 $184,811.25
230 $184,811.25 $830.86 $0.00 $1,044.95 $186,687.06
231 $186,687.06 $830.86 $0.00 $1,055.56 $188,573.48
232 $188,573.48 $830.86 $0.00 $1,066.22 $190,470.56
233 $190,470.56 $830.86 $0.00 $1,076.95 $192,378.37
234 $192,378.37 $830.86 $0.00 $1,087.74 $194,296.97
235 $194,296.97 $830.86 $0.00 $1,098.58 $196,226.41
236 $196,226.41 $830.86 $0.00 $1,109.49 $198,166.76
237 $198,166.76 $830.86 $0.00 $1,120.46 $200,118.08
238 $200,118.08 $830.86 $0.00 $1,131.50 $202,080.44
239 $202,080.44 $830.86 $0.00 $1,142.59 $204,053.89
240 $204,053.89 $830.86 $0.00 $1,153.75 $206,038.50
241 $206,038.50 $830.86 $108,436.30 $1,164.97 $99,598.03
242 $99,598.03 $830.86 $0.00 $563.14 $100,992.03
243 $100,992.03 $830.86 $0.00 $571.02 $102,393.91
244 $102,393.91 $830.86 $0.00 $578.95 $103,803.72
245 $103,803.72 $830.86 $0.00 $586.92 $105,221.50
246 $105,221.50 $830.86 $0.00 $594.94 $106,647.30
247 $106,647.30 $830.86 $0.00 $603.00 $108,081.16
248 $108,081.16 $830.86 $0.00 $611.11 $109,523.13
249 $109,523.13 $830.86 $0.00 $619.26 $110,973.25
250 $110,973.25 $830.86 $0.00 $627.46 $112,431.57
251 $112,431.57 $830.86 $0.00 $635.70 $113,898.13
252 $113,898.13 $830.86 $0.00 $644.00 $115,372.99
253 $115,372.99 $0.00 $116,026.84 $652.34 -$1.51