Savings Plan and Future Cost Estimation for The College of Saint Thomas More

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$47,845
Monthly savings required$379

How much will it cost to send your child to The College of Saint Thomas More in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $191,378.71 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $378.73 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$18,450.00
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 $378.73 $0.00 $0.00 $378.73
2 $378.73 $378.73 $0.00 $2.14 $759.60
3 $759.60 $378.73 $0.00 $4.29 $1,142.62
4 $1,142.62 $378.73 $0.00 $6.46 $1,527.81
5 $1,527.81 $378.73 $0.00 $8.64 $1,915.18
6 $1,915.18 $378.73 $0.00 $10.83 $2,304.74
7 $2,304.74 $378.73 $0.00 $13.03 $2,696.50
8 $2,696.50 $378.73 $0.00 $15.25 $3,090.48
9 $3,090.48 $378.73 $0.00 $17.47 $3,486.68
10 $3,486.68 $378.73 $0.00 $19.71 $3,885.12
11 $3,885.12 $378.73 $0.00 $21.97 $4,285.82
12 $4,285.82 $378.73 $0.00 $24.23 $4,688.78
13 $4,688.78 $378.73 $0.00 $26.51 $5,094.02
14 $5,094.02 $378.73 $0.00 $28.80 $5,501.55
15 $5,501.55 $378.73 $0.00 $31.11 $5,911.39
16 $5,911.39 $378.73 $0.00 $33.42 $6,323.54
17 $6,323.54 $378.73 $0.00 $35.75 $6,738.02
18 $6,738.02 $378.73 $0.00 $38.10 $7,154.85
19 $7,154.85 $378.73 $0.00 $40.45 $7,574.03
20 $7,574.03 $378.73 $0.00 $42.82 $7,995.58
21 $7,995.58 $378.73 $0.00 $45.21 $8,419.52
22 $8,419.52 $378.73 $0.00 $47.61 $8,845.86
23 $8,845.86 $378.73 $0.00 $50.02 $9,274.61
24 $9,274.61 $378.73 $0.00 $52.44 $9,705.78
25 $9,705.78 $378.73 $0.00 $54.88 $10,139.39
26 $10,139.39 $378.73 $0.00 $57.33 $10,575.45
27 $10,575.45 $378.73 $0.00 $59.80 $11,013.98
28 $11,013.98 $378.73 $0.00 $62.27 $11,454.98
29 $11,454.98 $378.73 $0.00 $64.77 $11,898.48
30 $11,898.48 $378.73 $0.00 $67.28 $12,344.49
31 $12,344.49 $378.73 $0.00 $69.80 $12,793.02
32 $12,793.02 $378.73 $0.00 $72.33 $13,244.08
33 $13,244.08 $378.73 $0.00 $74.88 $13,697.69
34 $13,697.69 $378.73 $0.00 $77.45 $14,153.87
35 $14,153.87 $378.73 $0.00 $80.03 $14,612.63
36 $14,612.63 $378.73 $0.00 $82.62 $15,073.98
37 $15,073.98 $378.73 $0.00 $85.23 $15,537.94
38 $15,537.94 $378.73 $0.00 $87.85 $16,004.52
39 $16,004.52 $378.73 $0.00 $90.49 $16,473.74
40 $16,473.74 $378.73 $0.00 $93.14 $16,945.61
41 $16,945.61 $378.73 $0.00 $95.81 $17,420.15
42 $17,420.15 $378.73 $0.00 $98.50 $17,897.38
43 $17,897.38 $378.73 $0.00 $101.19 $18,377.30
44 $18,377.30 $378.73 $0.00 $103.91 $18,859.94
45 $18,859.94 $378.73 $0.00 $106.64 $19,345.31
46 $19,345.31 $378.73 $0.00 $109.38 $19,833.42
47 $19,833.42 $378.73 $0.00 $112.14 $20,324.29
48 $20,324.29 $378.73 $0.00 $114.92 $20,817.94
49 $20,817.94 $378.73 $0.00 $117.71 $21,314.38
50 $21,314.38 $378.73 $0.00 $120.51 $21,813.62
51 $21,813.62 $378.73 $0.00 $123.34 $22,315.69
52 $22,315.69 $378.73 $0.00 $126.18 $22,820.60
53 $22,820.60 $378.73 $0.00 $129.03 $23,328.36
54 $23,328.36 $378.73 $0.00 $131.90 $23,838.99
55 $23,838.99 $378.73 $0.00 $134.79 $24,352.51
56 $24,352.51 $378.73 $0.00 $137.69 $24,868.93
57 $24,868.93 $378.73 $0.00 $140.61 $25,388.27
58 $25,388.27 $378.73 $0.00 $143.55 $25,910.55
59 $25,910.55 $378.73 $0.00 $146.50 $26,435.78
60 $26,435.78 $378.73 $0.00 $149.47 $26,963.98
61 $26,963.98 $378.73 $0.00 $152.46 $27,495.17
62 $27,495.17 $378.73 $0.00 $155.46 $28,029.36
63 $28,029.36 $378.73 $0.00 $158.48 $28,566.57
64 $28,566.57 $378.73 $0.00 $161.52 $29,106.82
65 $29,106.82 $378.73 $0.00 $164.57 $29,650.12
66 $29,650.12 $378.73 $0.00 $167.65 $30,196.50
67 $30,196.50 $378.73 $0.00 $170.74 $30,745.97
68 $30,745.97 $378.73 $0.00 $173.84 $31,298.54
69 $31,298.54 $378.73 $0.00 $176.97 $31,854.24
70 $31,854.24 $378.73 $0.00 $180.11 $32,413.08
71 $32,413.08 $378.73 $0.00 $183.27 $32,975.08
72 $32,975.08 $378.73 $0.00 $186.45 $33,540.26
73 $33,540.26 $378.73 $0.00 $189.64 $34,108.63
74 $34,108.63 $378.73 $0.00 $192.86 $34,680.22
75 $34,680.22 $378.73 $0.00 $196.09 $35,255.04
76 $35,255.04 $378.73 $0.00 $199.34 $35,833.11
77 $35,833.11 $378.73 $0.00 $202.61 $36,414.45
78 $36,414.45 $378.73 $0.00 $205.89 $36,999.07
79 $36,999.07 $378.73 $0.00 $209.20 $37,587.00
80 $37,587.00 $378.73 $0.00 $212.52 $38,178.25
81 $38,178.25 $378.73 $0.00 $215.87 $38,772.85
82 $38,772.85 $378.73 $0.00 $219.23 $39,370.81
83 $39,370.81 $378.73 $0.00 $222.61 $39,972.15
84 $39,972.15 $378.73 $0.00 $226.01 $40,576.89
85 $40,576.89 $378.73 $0.00 $229.43 $41,185.05
86 $41,185.05 $378.73 $0.00 $232.87 $41,796.65
87 $41,796.65 $378.73 $0.00 $236.32 $42,411.70
88 $42,411.70 $378.73 $0.00 $239.80 $43,030.23
89 $43,030.23 $378.73 $0.00 $243.30 $43,652.26
90 $43,652.26 $378.73 $0.00 $246.82 $44,277.81
91 $44,277.81 $378.73 $0.00 $250.35 $44,906.89
92 $44,906.89 $378.73 $0.00 $253.91 $45,539.53
93 $45,539.53 $378.73 $0.00 $257.49 $46,175.75
94 $46,175.75 $378.73 $0.00 $261.08 $46,815.56
95 $46,815.56 $378.73 $0.00 $264.70 $47,458.99
96 $47,458.99 $378.73 $0.00 $268.34 $48,106.06
97 $48,106.06 $378.73 $0.00 $272.00 $48,756.79
98 $48,756.79 $378.73 $0.00 $275.68 $49,411.20
99 $49,411.20 $378.73 $0.00 $279.38 $50,069.31
100 $50,069.31 $378.73 $0.00 $283.10 $50,731.14
101 $50,731.14 $378.73 $0.00 $286.84 $51,396.71
102 $51,396.71 $378.73 $0.00 $290.60 $52,066.04
103 $52,066.04 $378.73 $0.00 $294.39 $52,739.16
104 $52,739.16 $378.73 $0.00 $298.19 $53,416.08
105 $53,416.08 $378.73 $0.00 $302.02 $54,096.83
106 $54,096.83 $378.73 $0.00 $305.87 $54,781.43
107 $54,781.43 $378.73 $0.00 $309.74 $55,469.90
108 $55,469.90 $378.73 $0.00 $313.63 $56,162.26
109 $56,162.26 $378.73 $0.00 $317.55 $56,858.54
110 $56,858.54 $378.73 $0.00 $321.49 $57,558.76
111 $57,558.76 $378.73 $0.00 $325.45 $58,262.94
112 $58,262.94 $378.73 $0.00 $329.43 $58,971.10
113 $58,971.10 $378.73 $0.00 $333.43 $59,683.26
114 $59,683.26 $378.73 $0.00 $337.46 $60,399.45
115 $60,399.45 $378.73 $0.00 $341.51 $61,119.69
116 $61,119.69 $378.73 $0.00 $345.58 $61,844.00
117 $61,844.00 $378.73 $0.00 $349.67 $62,572.40
118 $62,572.40 $378.73 $0.00 $353.79 $63,304.92
119 $63,304.92 $378.73 $0.00 $357.94 $64,041.59
120 $64,041.59 $378.73 $0.00 $362.10 $64,782.42
121 $64,782.42 $378.73 $0.00 $366.29 $65,527.44
122 $65,527.44 $378.73 $0.00 $370.50 $66,276.67
123 $66,276.67 $378.73 $0.00 $374.74 $67,030.14
124 $67,030.14 $378.73 $0.00 $379.00 $67,787.87
125 $67,787.87 $378.73 $0.00 $383.28 $68,549.88
126 $68,549.88 $378.73 $0.00 $387.59 $69,316.20
127 $69,316.20 $378.73 $0.00 $391.92 $70,086.85
128 $70,086.85 $378.73 $0.00 $396.28 $70,861.86
129 $70,861.86 $378.73 $0.00 $400.66 $71,641.25
130 $71,641.25 $378.73 $0.00 $405.07 $72,425.05
131 $72,425.05 $378.73 $0.00 $409.50 $73,213.28
132 $73,213.28 $378.73 $0.00 $413.96 $74,005.97
133 $74,005.97 $378.73 $0.00 $418.44 $74,803.14
134 $74,803.14 $378.73 $0.00 $422.95 $75,604.82
135 $75,604.82 $378.73 $0.00 $427.48 $76,411.03
136 $76,411.03 $378.73 $0.00 $432.04 $77,221.80
137 $77,221.80 $378.73 $0.00 $436.62 $78,037.15
138 $78,037.15 $378.73 $0.00 $441.23 $78,857.11
139 $78,857.11 $378.73 $0.00 $445.87 $79,681.71
140 $79,681.71 $378.73 $0.00 $450.53 $80,510.97
141 $80,510.97 $378.73 $0.00 $455.22 $81,344.92
142 $81,344.92 $378.73 $0.00 $459.94 $82,183.59
143 $82,183.59 $378.73 $0.00 $464.68 $83,027.00
144 $83,027.00 $378.73 $0.00 $469.45 $83,875.18
145 $83,875.18 $378.73 $0.00 $474.24 $84,728.15
146 $84,728.15 $378.73 $0.00 $479.07 $85,585.95
147 $85,585.95 $378.73 $0.00 $483.92 $86,448.60
148 $86,448.60 $378.73 $0.00 $488.79 $87,316.12
149 $87,316.12 $378.73 $0.00 $493.70 $88,188.55
150 $88,188.55 $378.73 $0.00 $498.63 $89,065.91
151 $89,065.91 $378.73 $0.00 $503.59 $89,948.23
152 $89,948.23 $378.73 $0.00 $508.58 $90,835.54
153 $90,835.54 $378.73 $0.00 $513.60 $91,727.87
154 $91,727.87 $378.73 $0.00 $518.64 $92,625.24
155 $92,625.24 $378.73 $0.00 $523.72 $93,527.69
156 $93,527.69 $378.73 $0.00 $528.82 $94,435.24
157 $94,435.24 $378.73 $0.00 $533.95 $95,347.92
158 $95,347.92 $378.73 $0.00 $539.11 $96,265.76
159 $96,265.76 $378.73 $0.00 $544.30 $97,188.79
160 $97,188.79 $378.73 $0.00 $549.52 $98,117.04
161 $98,117.04 $378.73 $0.00 $554.77 $99,050.54
162 $99,050.54 $378.73 $0.00 $560.05 $99,989.32
163 $99,989.32 $378.73 $0.00 $565.35 $100,933.40
164 $100,933.40 $378.73 $0.00 $570.69 $101,882.82
165 $101,882.82 $378.73 $0.00 $576.06 $102,837.61
166 $102,837.61 $378.73 $0.00 $581.46 $103,797.80
167 $103,797.80 $378.73 $0.00 $586.89 $104,763.42
168 $104,763.42 $378.73 $0.00 $592.35 $105,734.50
169 $105,734.50 $378.73 $0.00 $597.84 $106,711.07
170 $106,711.07 $378.73 $0.00 $603.36 $107,693.16
171 $107,693.16 $378.73 $0.00 $608.91 $108,680.80
172 $108,680.80 $378.73 $0.00 $614.50 $109,674.03
173 $109,674.03 $378.73 $0.00 $620.11 $110,672.87
174 $110,672.87 $378.73 $0.00 $625.76 $111,677.36
175 $111,677.36 $378.73 $0.00 $631.44 $112,687.53
176 $112,687.53 $378.73 $0.00 $637.15 $113,703.41
177 $113,703.41 $378.73 $0.00 $642.90 $114,725.04
178 $114,725.04 $378.73 $0.00 $648.67 $115,752.44
179 $115,752.44 $378.73 $0.00 $654.48 $116,785.65
180 $116,785.65 $378.73 $0.00 $660.32 $117,824.70
181 $117,824.70 $378.73 $0.00 $666.20 $118,869.63
182 $118,869.63 $378.73 $0.00 $672.11 $119,920.47
183 $119,920.47 $378.73 $0.00 $678.05 $120,977.25
184 $120,977.25 $378.73 $0.00 $684.02 $122,040.00
185 $122,040.00 $378.73 $0.00 $690.03 $123,108.76
186 $123,108.76 $378.73 $0.00 $696.07 $124,183.56
187 $124,183.56 $378.73 $0.00 $702.15 $125,264.44
188 $125,264.44 $378.73 $0.00 $708.26 $126,351.43
189 $126,351.43 $378.73 $0.00 $714.41 $127,444.57
190 $127,444.57 $378.73 $0.00 $720.59 $128,543.89
191 $128,543.89 $378.73 $0.00 $726.81 $129,649.43
192 $129,649.43 $378.73 $0.00 $733.06 $130,761.22
193 $130,761.22 $378.73 $0.00 $739.34 $131,879.29
194 $131,879.29 $378.73 $0.00 $745.66 $133,003.68
195 $133,003.68 $378.73 $0.00 $752.02 $134,134.43
196 $134,134.43 $378.73 $0.00 $758.42 $135,271.58
197 $135,271.58 $378.73 $0.00 $764.85 $136,415.16
198 $136,415.16 $378.73 $0.00 $771.31 $137,565.20
199 $137,565.20 $378.73 $0.00 $777.81 $138,721.74
200 $138,721.74 $378.73 $0.00 $784.35 $139,884.82
201 $139,884.82 $378.73 $0.00 $790.93 $141,054.48
202 $141,054.48 $378.73 $0.00 $797.54 $142,230.75
203 $142,230.75 $378.73 $0.00 $804.19 $143,413.67
204 $143,413.67 $378.73 $0.00 $810.88 $144,603.28
205 $144,603.28 $378.73 $0.00 $817.61 $145,799.62
206 $145,799.62 $378.73 $0.00 $824.37 $147,002.72
207 $147,002.72 $378.73 $0.00 $831.17 $148,212.62
208 $148,212.62 $378.73 $0.00 $838.02 $149,429.37
209 $149,429.37 $378.73 $0.00 $844.90 $150,653.00
210 $150,653.00 $378.73 $0.00 $851.81 $151,883.54
211 $151,883.54 $378.73 $0.00 $858.77 $153,121.04
212 $153,121.04 $378.73 $0.00 $865.77 $154,365.54
213 $154,365.54 $378.73 $0.00 $872.81 $155,617.08
214 $155,617.08 $378.73 $0.00 $879.88 $156,875.69
215 $156,875.69 $378.73 $0.00 $887.00 $158,141.42
216 $158,141.42 $378.73 $0.00 $894.15 $159,414.30
217 $159,414.30 $378.73 $44,402.12 $901.35 $116,292.26
218 $116,292.26 $378.73 $0.00 $657.53 $117,328.52
219 $117,328.52 $378.73 $0.00 $663.39 $118,370.64
220 $118,370.64 $378.73 $0.00 $669.28 $119,418.65
221 $119,418.65 $378.73 $0.00 $675.21 $120,472.59
222 $120,472.59 $378.73 $0.00 $681.17 $121,532.49
223 $121,532.49 $378.73 $0.00 $687.16 $122,598.38
224 $122,598.38 $378.73 $0.00 $693.19 $123,670.30
225 $123,670.30 $378.73 $0.00 $699.25 $124,748.28
226 $124,748.28 $378.73 $0.00 $705.34 $125,832.35
227 $125,832.35 $378.73 $0.00 $711.47 $126,922.55
228 $126,922.55 $378.73 $0.00 $717.64 $128,018.92
229 $128,018.92 $378.73 $46,622.23 $723.84 $82,499.26
230 $82,499.26 $378.73 $0.00 $466.46 $83,344.45
231 $83,344.45 $378.73 $0.00 $471.24 $84,194.42
232 $84,194.42 $378.73 $0.00 $476.05 $85,049.20
233 $85,049.20 $378.73 $0.00 $480.88 $85,908.81
234 $85,908.81 $378.73 $0.00 $485.74 $86,773.28
235 $86,773.28 $378.73 $0.00 $490.63 $87,642.64
236 $87,642.64 $378.73 $0.00 $495.54 $88,516.91
237 $88,516.91 $378.73 $0.00 $500.49 $89,396.13
238 $89,396.13 $378.73 $0.00 $505.46 $90,280.32
239 $90,280.32 $378.73 $0.00 $510.46 $91,169.51
240 $91,169.51 $378.73 $0.00 $515.49 $92,063.73
241 $92,063.73 $378.73 $48,953.34 $520.54 $44,009.66
242 $44,009.66 $378.73 $0.00 $248.84 $44,637.23
243 $44,637.23 $378.73 $0.00 $252.39 $45,268.35
244 $45,268.35 $378.73 $0.00 $255.95 $45,903.03
245 $45,903.03 $378.73 $0.00 $259.54 $46,541.30
246 $46,541.30 $378.73 $0.00 $263.15 $47,183.18
247 $47,183.18 $378.73 $0.00 $266.78 $47,828.69
248 $47,828.69 $378.73 $0.00 $270.43 $48,477.85
249 $48,477.85 $378.73 $0.00 $274.10 $49,130.68
250 $49,130.68 $378.73 $0.00 $277.79 $49,787.20
251 $49,787.20 $378.73 $0.00 $281.50 $50,447.43
252 $50,447.43 $378.73 $0.00 $285.24 $51,111.40
253 $51,111.40 $0.00 $51,401.01 $288.99 ($0.62)