Savings Plan and Future Cost Estimation for The University of Texas at El Paso

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$62,133
Monthly savings required$492

How much will it cost to send your child to The University of Texas at El Paso in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $248,533.00 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $491.83 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$23,960.00
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 $491.83 $0.00 $0.00 $491.83
2 $491.83 $491.83 $0.00 $2.78 $986.44
3 $986.44 $491.83 $0.00 $5.58 $1,483.85
4 $1,483.85 $491.83 $0.00 $8.39 $1,984.07
5 $1,984.07 $491.83 $0.00 $11.22 $2,487.12
6 $2,487.12 $491.83 $0.00 $14.06 $2,993.01
7 $2,993.01 $491.83 $0.00 $16.92 $3,501.76
8 $3,501.76 $491.83 $0.00 $19.80 $4,013.39
9 $4,013.39 $491.83 $0.00 $22.69 $4,527.91
10 $4,527.91 $491.83 $0.00 $25.60 $5,045.34
11 $5,045.34 $491.83 $0.00 $28.53 $5,565.70
12 $5,565.70 $491.83 $0.00 $31.47 $6,089.00
13 $6,089.00 $491.83 $0.00 $34.43 $6,615.26
14 $6,615.26 $491.83 $0.00 $37.40 $7,144.49
15 $7,144.49 $491.83 $0.00 $40.40 $7,676.72
16 $7,676.72 $491.83 $0.00 $43.41 $8,211.96
17 $8,211.96 $491.83 $0.00 $46.43 $8,750.22
18 $8,750.22 $491.83 $0.00 $49.48 $9,291.53
19 $9,291.53 $491.83 $0.00 $52.54 $9,835.90
20 $9,835.90 $491.83 $0.00 $55.61 $10,383.34
21 $10,383.34 $491.83 $0.00 $58.71 $10,933.88
22 $10,933.88 $491.83 $0.00 $61.82 $11,487.53
23 $11,487.53 $491.83 $0.00 $64.95 $12,044.31
24 $12,044.31 $491.83 $0.00 $68.10 $12,604.24
25 $12,604.24 $491.83 $0.00 $71.27 $13,167.34
26 $13,167.34 $491.83 $0.00 $74.45 $13,733.62
27 $13,733.62 $491.83 $0.00 $77.65 $14,303.10
28 $14,303.10 $491.83 $0.00 $80.87 $14,875.80
29 $14,875.80 $491.83 $0.00 $84.11 $15,451.74
30 $15,451.74 $491.83 $0.00 $87.37 $16,030.94
31 $16,030.94 $491.83 $0.00 $90.64 $16,613.41
32 $16,613.41 $491.83 $0.00 $93.93 $17,199.17
33 $17,199.17 $491.83 $0.00 $97.25 $17,788.25
34 $17,788.25 $491.83 $0.00 $100.58 $18,380.66
35 $18,380.66 $491.83 $0.00 $103.93 $18,976.42
36 $18,976.42 $491.83 $0.00 $107.30 $19,575.55
37 $19,575.55 $491.83 $0.00 $110.68 $20,178.06
38 $20,178.06 $491.83 $0.00 $114.09 $20,783.98
39 $20,783.98 $491.83 $0.00 $117.52 $21,393.33
40 $21,393.33 $491.83 $0.00 $120.96 $22,006.12
41 $22,006.12 $491.83 $0.00 $124.43 $22,622.38
42 $22,622.38 $491.83 $0.00 $127.91 $23,242.12
43 $23,242.12 $491.83 $0.00 $131.41 $23,865.36
44 $23,865.36 $491.83 $0.00 $134.94 $24,492.13
45 $24,492.13 $491.83 $0.00 $138.48 $25,122.44
46 $25,122.44 $491.83 $0.00 $142.05 $25,756.32
47 $25,756.32 $491.83 $0.00 $145.63 $26,393.78
48 $26,393.78 $491.83 $0.00 $149.23 $27,034.84
49 $27,034.84 $491.83 $0.00 $152.86 $27,679.53
50 $27,679.53 $491.83 $0.00 $156.50 $28,327.86
51 $28,327.86 $491.83 $0.00 $160.17 $28,979.86
52 $28,979.86 $491.83 $0.00 $163.86 $29,635.55
53 $29,635.55 $491.83 $0.00 $167.56 $30,294.94
54 $30,294.94 $491.83 $0.00 $171.29 $30,958.06
55 $30,958.06 $491.83 $0.00 $175.04 $31,624.93
56 $31,624.93 $491.83 $0.00 $178.81 $32,295.57
57 $32,295.57 $491.83 $0.00 $182.60 $32,970.00
58 $32,970.00 $491.83 $0.00 $186.42 $33,648.25
59 $33,648.25 $491.83 $0.00 $190.25 $34,330.33
60 $34,330.33 $491.83 $0.00 $194.11 $35,016.27
61 $35,016.27 $491.83 $0.00 $197.99 $35,706.09
62 $35,706.09 $491.83 $0.00 $201.89 $36,399.81
63 $36,399.81 $491.83 $0.00 $205.81 $37,097.45
64 $37,097.45 $491.83 $0.00 $209.75 $37,799.03
65 $37,799.03 $491.83 $0.00 $213.72 $38,504.58
66 $38,504.58 $491.83 $0.00 $217.71 $39,214.12
67 $39,214.12 $491.83 $0.00 $221.72 $39,927.67
68 $39,927.67 $491.83 $0.00 $225.76 $40,645.26
69 $40,645.26 $491.83 $0.00 $229.81 $41,366.90
70 $41,366.90 $491.83 $0.00 $233.89 $42,092.62
71 $42,092.62 $491.83 $0.00 $238.00 $42,822.45
72 $42,822.45 $491.83 $0.00 $242.12 $43,556.40
73 $43,556.40 $491.83 $0.00 $246.27 $44,294.50
74 $44,294.50 $491.83 $0.00 $250.45 $45,036.78
75 $45,036.78 $491.83 $0.00 $254.64 $45,783.25
76 $45,783.25 $491.83 $0.00 $258.87 $46,533.95
77 $46,533.95 $491.83 $0.00 $263.11 $47,288.89
78 $47,288.89 $491.83 $0.00 $267.38 $48,048.10
79 $48,048.10 $491.83 $0.00 $271.67 $48,811.60
80 $48,811.60 $491.83 $0.00 $275.99 $49,579.42
81 $49,579.42 $491.83 $0.00 $280.33 $50,351.58
82 $50,351.58 $491.83 $0.00 $284.70 $51,128.11
83 $51,128.11 $491.83 $0.00 $289.09 $51,909.03
84 $51,909.03 $491.83 $0.00 $293.50 $52,694.36
85 $52,694.36 $491.83 $0.00 $297.94 $53,484.13
86 $53,484.13 $491.83 $0.00 $302.41 $54,278.37
87 $54,278.37 $491.83 $0.00 $306.90 $55,077.10
88 $55,077.10 $491.83 $0.00 $311.41 $55,880.34
89 $55,880.34 $491.83 $0.00 $315.96 $56,688.13
90 $56,688.13 $491.83 $0.00 $320.52 $57,500.48
91 $57,500.48 $491.83 $0.00 $325.12 $58,317.43
92 $58,317.43 $491.83 $0.00 $329.74 $59,139.00
93 $59,139.00 $491.83 $0.00 $334.38 $59,965.21
94 $59,965.21 $491.83 $0.00 $339.05 $60,796.09
95 $60,796.09 $491.83 $0.00 $343.75 $61,631.67
96 $61,631.67 $491.83 $0.00 $348.47 $62,471.97
97 $62,471.97 $491.83 $0.00 $353.23 $63,317.03
98 $63,317.03 $491.83 $0.00 $358.00 $64,166.86
99 $64,166.86 $491.83 $0.00 $362.81 $65,021.50
100 $65,021.50 $491.83 $0.00 $367.64 $65,880.97
101 $65,880.97 $491.83 $0.00 $372.50 $66,745.30
102 $66,745.30 $491.83 $0.00 $377.39 $67,614.52
103 $67,614.52 $491.83 $0.00 $382.30 $68,488.65
104 $68,488.65 $491.83 $0.00 $387.24 $69,367.72
105 $69,367.72 $491.83 $0.00 $392.22 $70,251.77
106 $70,251.77 $491.83 $0.00 $397.21 $71,140.81
107 $71,140.81 $491.83 $0.00 $402.24 $72,034.88
108 $72,034.88 $491.83 $0.00 $407.30 $72,934.01
109 $72,934.01 $491.83 $0.00 $412.38 $73,838.22
110 $73,838.22 $491.83 $0.00 $417.49 $74,747.54
111 $74,747.54 $491.83 $0.00 $422.63 $75,662.00
112 $75,662.00 $491.83 $0.00 $427.80 $76,581.63
113 $76,581.63 $491.83 $0.00 $433.00 $77,506.46
114 $77,506.46 $491.83 $0.00 $438.23 $78,436.52
115 $78,436.52 $491.83 $0.00 $443.49 $79,371.84
116 $79,371.84 $491.83 $0.00 $448.78 $80,312.45
117 $80,312.45 $491.83 $0.00 $454.10 $81,258.38
118 $81,258.38 $491.83 $0.00 $459.45 $82,209.66
119 $82,209.66 $491.83 $0.00 $464.83 $83,166.32
120 $83,166.32 $491.83 $0.00 $470.23 $84,128.38
121 $84,128.38 $491.83 $0.00 $475.67 $85,095.88
122 $85,095.88 $491.83 $0.00 $481.14 $86,068.85
123 $86,068.85 $491.83 $0.00 $486.65 $87,047.33
124 $87,047.33 $491.83 $0.00 $492.18 $88,031.34
125 $88,031.34 $491.83 $0.00 $497.74 $89,020.91
126 $89,020.91 $491.83 $0.00 $503.34 $90,016.08
127 $90,016.08 $491.83 $0.00 $508.96 $91,016.87
128 $91,016.87 $491.83 $0.00 $514.62 $92,023.32
129 $92,023.32 $491.83 $0.00 $520.31 $93,035.46
130 $93,035.46 $491.83 $0.00 $526.04 $94,053.33
131 $94,053.33 $491.83 $0.00 $531.79 $95,076.95
132 $95,076.95 $491.83 $0.00 $537.58 $96,106.36
133 $96,106.36 $491.83 $0.00 $543.40 $97,141.59
134 $97,141.59 $491.83 $0.00 $549.25 $98,182.67
135 $98,182.67 $491.83 $0.00 $555.14 $99,229.64
136 $99,229.64 $491.83 $0.00 $561.06 $100,282.53
137 $100,282.53 $491.83 $0.00 $567.01 $101,341.37
138 $101,341.37 $491.83 $0.00 $573.00 $102,406.20
139 $102,406.20 $491.83 $0.00 $579.02 $103,477.05
140 $103,477.05 $491.83 $0.00 $585.07 $104,553.95
141 $104,553.95 $491.83 $0.00 $591.16 $105,636.94
142 $105,636.94 $491.83 $0.00 $597.29 $106,726.06
143 $106,726.06 $491.83 $0.00 $603.44 $107,821.33
144 $107,821.33 $491.83 $0.00 $609.64 $108,922.80
145 $108,922.80 $491.83 $0.00 $615.87 $110,030.50
146 $110,030.50 $491.83 $0.00 $622.13 $111,144.46
147 $111,144.46 $491.83 $0.00 $628.43 $112,264.72
148 $112,264.72 $491.83 $0.00 $634.76 $113,391.31
149 $113,391.31 $491.83 $0.00 $641.13 $114,524.27
150 $114,524.27 $491.83 $0.00 $647.54 $115,663.64
151 $115,663.64 $491.83 $0.00 $653.98 $116,809.45
152 $116,809.45 $491.83 $0.00 $660.46 $117,961.74
153 $117,961.74 $491.83 $0.00 $666.97 $119,120.54
154 $119,120.54 $491.83 $0.00 $673.52 $120,285.89
155 $120,285.89 $491.83 $0.00 $680.11 $121,457.83
156 $121,457.83 $491.83 $0.00 $686.74 $122,636.40
157 $122,636.40 $491.83 $0.00 $693.40 $123,821.63
158 $123,821.63 $491.83 $0.00 $700.11 $125,013.57
159 $125,013.57 $491.83 $0.00 $706.84 $126,212.24
160 $126,212.24 $491.83 $0.00 $713.62 $127,417.69
161 $127,417.69 $491.83 $0.00 $720.44 $128,629.96
162 $128,629.96 $491.83 $0.00 $727.29 $129,849.08
163 $129,849.08 $491.83 $0.00 $734.19 $131,075.10
164 $131,075.10 $491.83 $0.00 $741.12 $132,308.05
165 $132,308.05 $491.83 $0.00 $748.09 $133,547.97
166 $133,547.97 $491.83 $0.00 $755.10 $134,794.90
167 $134,794.90 $491.83 $0.00 $762.15 $136,048.88
168 $136,048.88 $491.83 $0.00 $769.24 $137,309.95
169 $137,309.95 $491.83 $0.00 $776.37 $138,578.15
170 $138,578.15 $491.83 $0.00 $783.54 $139,853.52
171 $139,853.52 $491.83 $0.00 $790.75 $141,136.10
172 $141,136.10 $491.83 $0.00 $798.00 $142,425.93
173 $142,425.93 $491.83 $0.00 $805.30 $143,723.06
174 $143,723.06 $491.83 $0.00 $812.63 $145,027.52
175 $145,027.52 $491.83 $0.00 $820.01 $146,339.36
176 $146,339.36 $491.83 $0.00 $827.42 $147,658.61
177 $147,658.61 $491.83 $0.00 $834.88 $148,985.32
178 $148,985.32 $491.83 $0.00 $842.38 $150,319.53
179 $150,319.53 $491.83 $0.00 $849.93 $151,661.29
180 $151,661.29 $491.83 $0.00 $857.51 $153,010.63
181 $153,010.63 $491.83 $0.00 $865.14 $154,367.60
182 $154,367.60 $491.83 $0.00 $872.82 $155,732.25
183 $155,732.25 $491.83 $0.00 $880.53 $157,104.61
184 $157,104.61 $491.83 $0.00 $888.29 $158,484.73
185 $158,484.73 $491.83 $0.00 $896.10 $159,872.66
186 $159,872.66 $491.83 $0.00 $903.94 $161,268.43
187 $161,268.43 $491.83 $0.00 $911.84 $162,672.10
188 $162,672.10 $491.83 $0.00 $919.77 $164,083.70
189 $164,083.70 $491.83 $0.00 $927.75 $165,503.28
190 $165,503.28 $491.83 $0.00 $935.78 $166,930.89
191 $166,930.89 $491.83 $0.00 $943.85 $168,366.57
192 $168,366.57 $491.83 $0.00 $951.97 $169,810.37
193 $169,810.37 $491.83 $0.00 $960.13 $171,262.33
194 $171,262.33 $491.83 $0.00 $968.34 $172,722.50
195 $172,722.50 $491.83 $0.00 $976.60 $174,190.93
196 $174,190.93 $491.83 $0.00 $984.90 $175,667.66
197 $175,667.66 $491.83 $0.00 $993.25 $177,152.74
198 $177,152.74 $491.83 $0.00 $1,001.65 $178,646.22
199 $178,646.22 $491.83 $0.00 $1,010.09 $180,148.14
200 $180,148.14 $491.83 $0.00 $1,018.58 $181,658.55
201 $181,658.55 $491.83 $0.00 $1,027.12 $183,177.50
202 $183,177.50 $491.83 $0.00 $1,035.71 $184,705.04
203 $184,705.04 $491.83 $0.00 $1,044.35 $186,241.22
204 $186,241.22 $491.83 $0.00 $1,053.03 $187,786.08
205 $187,786.08 $491.83 $0.00 $1,061.77 $189,339.68
206 $189,339.68 $491.83 $0.00 $1,070.55 $190,902.06
207 $190,902.06 $491.83 $0.00 $1,079.39 $192,473.28
208 $192,473.28 $491.83 $0.00 $1,088.27 $194,053.38
209 $194,053.38 $491.83 $0.00 $1,097.21 $195,642.42
210 $195,642.42 $491.83 $0.00 $1,106.19 $197,240.44
211 $197,240.44 $491.83 $0.00 $1,115.23 $198,847.50
212 $198,847.50 $491.83 $0.00 $1,124.31 $200,463.64
213 $200,463.64 $491.83 $0.00 $1,133.45 $202,088.92
214 $202,088.92 $491.83 $0.00 $1,142.64 $203,723.39
215 $203,723.39 $491.83 $0.00 $1,151.88 $205,367.10
216 $205,367.10 $491.83 $0.00 $1,161.18 $207,020.11
217 $207,020.11 $491.83 $57,662.60 $1,170.52 $151,019.86
218 $151,019.86 $491.83 $0.00 $853.89 $152,365.58
219 $152,365.58 $491.83 $0.00 $861.50 $153,718.91
220 $153,718.91 $491.83 $0.00 $869.15 $155,079.89
221 $155,079.89 $491.83 $0.00 $876.84 $156,448.56
222 $156,448.56 $491.83 $0.00 $884.58 $157,824.97
223 $157,824.97 $491.83 $0.00 $892.37 $159,209.17
224 $159,209.17 $491.83 $0.00 $900.19 $160,601.19
225 $160,601.19 $491.83 $0.00 $908.06 $162,001.08
226 $162,001.08 $491.83 $0.00 $915.98 $163,408.89
227 $163,408.89 $491.83 $0.00 $923.94 $164,824.66
228 $164,824.66 $491.83 $0.00 $931.94 $166,248.43
229 $166,248.43 $491.83 $60,545.73 $939.99 $107,134.52
230 $107,134.52 $491.83 $0.00 $605.75 $108,232.10
231 $108,232.10 $491.83 $0.00 $611.96 $109,335.89
232 $109,335.89 $491.83 $0.00 $618.20 $110,445.92
233 $110,445.92 $491.83 $0.00 $624.48 $111,562.23
234 $111,562.23 $491.83 $0.00 $630.79 $112,684.85
235 $112,684.85 $491.83 $0.00 $637.14 $113,813.82
236 $113,813.82 $491.83 $0.00 $643.52 $114,949.17
237 $114,949.17 $491.83 $0.00 $649.94 $116,090.94
238 $116,090.94 $491.83 $0.00 $656.40 $117,239.17
239 $117,239.17 $491.83 $0.00 $662.89 $118,393.89
240 $118,393.89 $491.83 $0.00 $669.42 $119,555.14
241 $119,555.14 $491.83 $63,573.01 $675.98 $57,149.94
242 $57,149.94 $491.83 $0.00 $323.13 $57,964.90
243 $57,964.90 $491.83 $0.00 $327.74 $58,784.47
244 $58,784.47 $491.83 $0.00 $332.38 $59,608.68
245 $59,608.68 $491.83 $0.00 $337.04 $60,437.55
246 $60,437.55 $491.83 $0.00 $341.72 $61,271.10
247 $61,271.10 $491.83 $0.00 $346.44 $62,109.37
248 $62,109.37 $491.83 $0.00 $351.18 $62,952.38
249 $62,952.38 $491.83 $0.00 $355.94 $63,800.15
250 $63,800.15 $491.83 $0.00 $360.74 $64,652.72
251 $64,652.72 $491.83 $0.00 $365.56 $65,510.11
252 $65,510.11 $491.83 $0.00 $370.40 $66,372.34
253 $66,372.34 $0.00 $66,751.66 $375.28 ($4.04)