Savings Plan and Future Cost Estimation for The University of Texas of the Permian Basin

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$50,944
Monthly savings required$403

How much will it cost to send your child to The University of Texas of the Permian Basin in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $203,774.24 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $403.26 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$19,645.00
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 $403.26 $0.00 $0.00 $403.26
2 $403.26 $403.26 $0.00 $2.28 $808.80
3 $808.80 $403.26 $0.00 $4.57 $1,216.63
4 $1,216.63 $403.26 $0.00 $6.88 $1,626.77
5 $1,626.77 $403.26 $0.00 $9.20 $2,039.23
6 $2,039.23 $403.26 $0.00 $11.53 $2,454.02
7 $2,454.02 $403.26 $0.00 $13.88 $2,871.16
8 $2,871.16 $403.26 $0.00 $16.23 $3,290.65
9 $3,290.65 $403.26 $0.00 $18.61 $3,712.52
10 $3,712.52 $403.26 $0.00 $20.99 $4,136.77
11 $4,136.77 $403.26 $0.00 $23.39 $4,563.42
12 $4,563.42 $403.26 $0.00 $25.80 $4,992.48
13 $4,992.48 $403.26 $0.00 $28.23 $5,423.97
14 $5,423.97 $403.26 $0.00 $30.67 $5,857.90
15 $5,857.90 $403.26 $0.00 $33.12 $6,294.28
16 $6,294.28 $403.26 $0.00 $35.59 $6,733.13
17 $6,733.13 $403.26 $0.00 $38.07 $7,174.46
18 $7,174.46 $403.26 $0.00 $40.57 $7,618.29
19 $7,618.29 $403.26 $0.00 $43.07 $8,064.62
20 $8,064.62 $403.26 $0.00 $45.60 $8,513.48
21 $8,513.48 $403.26 $0.00 $48.14 $8,964.88
22 $8,964.88 $403.26 $0.00 $50.69 $9,418.83
23 $9,418.83 $403.26 $0.00 $53.26 $9,875.35
24 $9,875.35 $403.26 $0.00 $55.84 $10,334.45
25 $10,334.45 $403.26 $0.00 $58.43 $10,796.14
26 $10,796.14 $403.26 $0.00 $61.04 $11,260.44
27 $11,260.44 $403.26 $0.00 $63.67 $11,727.37
28 $11,727.37 $403.26 $0.00 $66.31 $12,196.94
29 $12,196.94 $403.26 $0.00 $68.96 $12,669.16
30 $12,669.16 $403.26 $0.00 $71.63 $13,144.05
31 $13,144.05 $403.26 $0.00 $74.32 $13,621.63
32 $13,621.63 $403.26 $0.00 $77.02 $14,101.91
33 $14,101.91 $403.26 $0.00 $79.73 $14,584.90
34 $14,584.90 $403.26 $0.00 $82.47 $15,070.63
35 $15,070.63 $403.26 $0.00 $85.21 $15,559.10
36 $15,559.10 $403.26 $0.00 $87.97 $16,050.33
37 $16,050.33 $403.26 $0.00 $90.75 $16,544.34
38 $16,544.34 $403.26 $0.00 $93.54 $17,041.14
39 $17,041.14 $403.26 $0.00 $96.35 $17,540.75
40 $17,540.75 $403.26 $0.00 $99.18 $18,043.19
41 $18,043.19 $403.26 $0.00 $102.02 $18,548.47
42 $18,548.47 $403.26 $0.00 $104.88 $19,056.61
43 $19,056.61 $403.26 $0.00 $107.75 $19,567.62
44 $19,567.62 $403.26 $0.00 $110.64 $20,081.52
45 $20,081.52 $403.26 $0.00 $113.54 $20,598.32
46 $20,598.32 $403.26 $0.00 $116.47 $21,118.05
47 $21,118.05 $403.26 $0.00 $119.40 $21,640.71
48 $21,640.71 $403.26 $0.00 $122.36 $22,166.33
49 $22,166.33 $403.26 $0.00 $125.33 $22,694.92
50 $22,694.92 $403.26 $0.00 $128.32 $23,226.50
51 $23,226.50 $403.26 $0.00 $131.33 $23,761.09
52 $23,761.09 $403.26 $0.00 $134.35 $24,298.70
53 $24,298.70 $403.26 $0.00 $137.39 $24,839.35
54 $24,839.35 $403.26 $0.00 $140.45 $25,383.06
55 $25,383.06 $403.26 $0.00 $143.52 $25,929.84
56 $25,929.84 $403.26 $0.00 $146.61 $26,479.71
57 $26,479.71 $403.26 $0.00 $149.72 $27,032.69
58 $27,032.69 $403.26 $0.00 $152.85 $27,588.80
59 $27,588.80 $403.26 $0.00 $155.99 $28,148.05
60 $28,148.05 $403.26 $0.00 $159.15 $28,710.46
61 $28,710.46 $403.26 $0.00 $162.33 $29,276.05
62 $29,276.05 $403.26 $0.00 $165.53 $29,844.84
63 $29,844.84 $403.26 $0.00 $168.75 $30,416.85
64 $30,416.85 $403.26 $0.00 $171.98 $30,992.09
65 $30,992.09 $403.26 $0.00 $175.23 $31,570.58
66 $31,570.58 $403.26 $0.00 $178.50 $32,152.34
67 $32,152.34 $403.26 $0.00 $181.79 $32,737.39
68 $32,737.39 $403.26 $0.00 $185.10 $33,325.75
69 $33,325.75 $403.26 $0.00 $188.43 $33,917.44
70 $33,917.44 $403.26 $0.00 $191.77 $34,512.47
71 $34,512.47 $403.26 $0.00 $195.14 $35,110.87
72 $35,110.87 $403.26 $0.00 $198.52 $35,712.65
73 $35,712.65 $403.26 $0.00 $201.92 $36,317.83
74 $36,317.83 $403.26 $0.00 $205.35 $36,926.44
75 $36,926.44 $403.26 $0.00 $208.79 $37,538.49
76 $37,538.49 $403.26 $0.00 $212.25 $38,154.00
77 $38,154.00 $403.26 $0.00 $215.73 $38,772.99
78 $38,772.99 $403.26 $0.00 $219.23 $39,395.48
79 $39,395.48 $403.26 $0.00 $222.75 $40,021.49
80 $40,021.49 $403.26 $0.00 $226.29 $40,651.04
81 $40,651.04 $403.26 $0.00 $229.85 $41,284.15
82 $41,284.15 $403.26 $0.00 $233.43 $41,920.84
83 $41,920.84 $403.26 $0.00 $237.03 $42,561.13
84 $42,561.13 $403.26 $0.00 $240.65 $43,205.04
85 $43,205.04 $403.26 $0.00 $244.29 $43,852.59
86 $43,852.59 $403.26 $0.00 $247.95 $44,503.80
87 $44,503.80 $403.26 $0.00 $251.63 $45,158.69
88 $45,158.69 $403.26 $0.00 $255.33 $45,817.28
89 $45,817.28 $403.26 $0.00 $259.06 $46,479.60
90 $46,479.60 $403.26 $0.00 $262.80 $47,145.66
91 $47,145.66 $403.26 $0.00 $266.57 $47,815.49
92 $47,815.49 $403.26 $0.00 $270.36 $48,489.11
93 $48,489.11 $403.26 $0.00 $274.16 $49,166.53
94 $49,166.53 $403.26 $0.00 $277.99 $49,847.78
95 $49,847.78 $403.26 $0.00 $281.85 $50,532.89
96 $50,532.89 $403.26 $0.00 $285.72 $51,221.87
97 $51,221.87 $403.26 $0.00 $289.62 $51,914.75
98 $51,914.75 $403.26 $0.00 $293.53 $52,611.54
99 $52,611.54 $403.26 $0.00 $297.47 $53,312.27
100 $53,312.27 $403.26 $0.00 $301.44 $54,016.97
101 $54,016.97 $403.26 $0.00 $305.42 $54,725.65
102 $54,725.65 $403.26 $0.00 $309.43 $55,438.34
103 $55,438.34 $403.26 $0.00 $313.46 $56,155.06
104 $56,155.06 $403.26 $0.00 $317.51 $56,875.83
105 $56,875.83 $403.26 $0.00 $321.58 $57,600.67
106 $57,600.67 $403.26 $0.00 $325.68 $58,329.61
107 $58,329.61 $403.26 $0.00 $329.80 $59,062.67
108 $59,062.67 $403.26 $0.00 $333.95 $59,799.88
109 $59,799.88 $403.26 $0.00 $338.12 $60,541.26
110 $60,541.26 $403.26 $0.00 $342.31 $61,286.83
111 $61,286.83 $403.26 $0.00 $346.52 $62,036.61
112 $62,036.61 $403.26 $0.00 $350.76 $62,790.63
113 $62,790.63 $403.26 $0.00 $355.03 $63,548.92
114 $63,548.92 $403.26 $0.00 $359.31 $64,311.49
115 $64,311.49 $403.26 $0.00 $363.63 $65,078.38
116 $65,078.38 $403.26 $0.00 $367.96 $65,849.60
117 $65,849.60 $403.26 $0.00 $372.32 $66,625.18
118 $66,625.18 $403.26 $0.00 $376.71 $67,405.15
119 $67,405.15 $403.26 $0.00 $381.12 $68,189.53
120 $68,189.53 $403.26 $0.00 $385.55 $68,978.34
121 $68,978.34 $403.26 $0.00 $390.01 $69,771.61
122 $69,771.61 $403.26 $0.00 $394.50 $70,569.37
123 $70,569.37 $403.26 $0.00 $399.01 $71,371.64
124 $71,371.64 $403.26 $0.00 $403.55 $72,178.45
125 $72,178.45 $403.26 $0.00 $408.11 $72,989.82
126 $72,989.82 $403.26 $0.00 $412.70 $73,805.78
127 $73,805.78 $403.26 $0.00 $417.31 $74,626.35
128 $74,626.35 $403.26 $0.00 $421.95 $75,451.56
129 $75,451.56 $403.26 $0.00 $426.61 $76,281.43
130 $76,281.43 $403.26 $0.00 $431.31 $77,116.00
131 $77,116.00 $403.26 $0.00 $436.03 $77,955.29
132 $77,955.29 $403.26 $0.00 $440.77 $78,799.32
133 $78,799.32 $403.26 $0.00 $445.54 $79,648.12
134 $79,648.12 $403.26 $0.00 $450.34 $80,501.72
135 $80,501.72 $403.26 $0.00 $455.17 $81,360.15
136 $81,360.15 $403.26 $0.00 $460.02 $82,223.43
137 $82,223.43 $403.26 $0.00 $464.90 $83,091.59
138 $83,091.59 $403.26 $0.00 $469.81 $83,964.66
139 $83,964.66 $403.26 $0.00 $474.75 $84,842.67
140 $84,842.67 $403.26 $0.00 $479.71 $85,725.64
141 $85,725.64 $403.26 $0.00 $484.71 $86,613.61
142 $86,613.61 $403.26 $0.00 $489.73 $87,506.60
143 $87,506.60 $403.26 $0.00 $494.78 $88,404.64
144 $88,404.64 $403.26 $0.00 $499.85 $89,307.75
145 $89,307.75 $403.26 $0.00 $504.96 $90,215.97
146 $90,215.97 $403.26 $0.00 $510.09 $91,129.32
147 $91,129.32 $403.26 $0.00 $515.26 $92,047.84
148 $92,047.84 $403.26 $0.00 $520.45 $92,971.55
149 $92,971.55 $403.26 $0.00 $525.67 $93,900.48
150 $93,900.48 $403.26 $0.00 $530.93 $94,834.67
151 $94,834.67 $403.26 $0.00 $536.21 $95,774.14
152 $95,774.14 $403.26 $0.00 $541.52 $96,718.92
153 $96,718.92 $403.26 $0.00 $546.86 $97,669.04
154 $97,669.04 $403.26 $0.00 $552.23 $98,624.53
155 $98,624.53 $403.26 $0.00 $557.64 $99,585.43
156 $99,585.43 $403.26 $0.00 $563.07 $100,551.76
157 $100,551.76 $403.26 $0.00 $568.53 $101,523.55
158 $101,523.55 $403.26 $0.00 $574.03 $102,500.84
159 $102,500.84 $403.26 $0.00 $579.55 $103,483.65
160 $103,483.65 $403.26 $0.00 $585.11 $104,472.02
161 $104,472.02 $403.26 $0.00 $590.70 $105,465.98
162 $105,465.98 $403.26 $0.00 $596.32 $106,465.56
163 $106,465.56 $403.26 $0.00 $601.97 $107,470.79
164 $107,470.79 $403.26 $0.00 $607.66 $108,481.71
165 $108,481.71 $403.26 $0.00 $613.37 $109,498.34
166 $109,498.34 $403.26 $0.00 $619.12 $110,520.72
167 $110,520.72 $403.26 $0.00 $624.90 $111,548.88
168 $111,548.88 $403.26 $0.00 $630.71 $112,582.85
169 $112,582.85 $403.26 $0.00 $636.56 $113,622.67
170 $113,622.67 $403.26 $0.00 $642.44 $114,668.37
171 $114,668.37 $403.26 $0.00 $648.35 $115,719.98
172 $115,719.98 $403.26 $0.00 $654.30 $116,777.54
173 $116,777.54 $403.26 $0.00 $660.28 $117,841.08
174 $117,841.08 $403.26 $0.00 $666.29 $118,910.63
175 $118,910.63 $403.26 $0.00 $672.34 $119,986.23
176 $119,986.23 $403.26 $0.00 $678.42 $121,067.91
177 $121,067.91 $403.26 $0.00 $684.54 $122,155.71
178 $122,155.71 $403.26 $0.00 $690.69 $123,249.66
179 $123,249.66 $403.26 $0.00 $696.87 $124,349.79
180 $124,349.79 $403.26 $0.00 $703.09 $125,456.14
181 $125,456.14 $403.26 $0.00 $709.35 $126,568.75
182 $126,568.75 $403.26 $0.00 $715.64 $127,687.65
183 $127,687.65 $403.26 $0.00 $721.96 $128,812.87
184 $128,812.87 $403.26 $0.00 $728.33 $129,944.46
185 $129,944.46 $403.26 $0.00 $734.72 $131,082.44
186 $131,082.44 $403.26 $0.00 $741.16 $132,226.86
187 $132,226.86 $403.26 $0.00 $747.63 $133,377.75
188 $133,377.75 $403.26 $0.00 $754.14 $134,535.15
189 $134,535.15 $403.26 $0.00 $760.68 $135,699.09
190 $135,699.09 $403.26 $0.00 $767.26 $136,869.61
191 $136,869.61 $403.26 $0.00 $773.88 $138,046.75
192 $138,046.75 $403.26 $0.00 $780.54 $139,230.55
193 $139,230.55 $403.26 $0.00 $787.23 $140,421.04
194 $140,421.04 $403.26 $0.00 $793.96 $141,618.26
195 $141,618.26 $403.26 $0.00 $800.73 $142,822.25
196 $142,822.25 $403.26 $0.00 $807.54 $144,033.05
197 $144,033.05 $403.26 $0.00 $814.38 $145,250.69
198 $145,250.69 $403.26 $0.00 $821.27 $146,475.22
199 $146,475.22 $403.26 $0.00 $828.19 $147,706.67
200 $147,706.67 $403.26 $0.00 $835.15 $148,945.08
201 $148,945.08 $403.26 $0.00 $842.16 $150,190.50
202 $150,190.50 $403.26 $0.00 $849.20 $151,442.96
203 $151,442.96 $403.26 $0.00 $856.28 $152,702.50
204 $152,702.50 $403.26 $0.00 $863.40 $153,969.16
205 $153,969.16 $403.26 $0.00 $870.56 $155,242.98
206 $155,242.98 $403.26 $0.00 $877.77 $156,524.01
207 $156,524.01 $403.26 $0.00 $885.01 $157,812.28
208 $157,812.28 $403.26 $0.00 $892.29 $159,107.83
209 $159,107.83 $403.26 $0.00 $899.62 $160,410.71
210 $160,410.71 $403.26 $0.00 $906.99 $161,720.96
211 $161,720.96 $403.26 $0.00 $914.39 $163,038.61
212 $163,038.61 $403.26 $0.00 $921.84 $164,363.71
213 $164,363.71 $403.26 $0.00 $929.34 $165,696.31
214 $165,696.31 $403.26 $0.00 $936.87 $167,036.44
215 $167,036.44 $403.26 $0.00 $944.45 $168,384.15
216 $168,384.15 $403.26 $0.00 $952.07 $169,739.48
217 $169,739.48 $403.26 $47,278.03 $959.73 $123,824.44
218 $123,824.44 $403.26 $0.00 $700.12 $124,927.82
219 $124,927.82 $403.26 $0.00 $706.36 $126,037.44
220 $126,037.44 $403.26 $0.00 $712.63 $127,153.33
221 $127,153.33 $403.26 $0.00 $718.94 $128,275.53
222 $128,275.53 $403.26 $0.00 $725.29 $129,404.08
223 $129,404.08 $403.26 $0.00 $731.67 $130,539.01
224 $130,539.01 $403.26 $0.00 $738.09 $131,680.36
225 $131,680.36 $403.26 $0.00 $744.54 $132,828.16
226 $132,828.16 $403.26 $0.00 $751.03 $133,982.45
227 $133,982.45 $403.26 $0.00 $757.56 $135,143.27
228 $135,143.27 $403.26 $0.00 $764.12 $136,310.65
229 $136,310.65 $403.26 $49,641.94 $770.72 $87,842.69
230 $87,842.69 $403.26 $0.00 $496.68 $88,742.63
231 $88,742.63 $403.26 $0.00 $501.76 $89,647.65
232 $89,647.65 $403.26 $0.00 $506.88 $90,557.79
233 $90,557.79 $403.26 $0.00 $512.03 $91,473.08
234 $91,473.08 $403.26 $0.00 $517.20 $92,393.54
235 $92,393.54 $403.26 $0.00 $522.41 $93,319.21
236 $93,319.21 $403.26 $0.00 $527.64 $94,250.11
237 $94,250.11 $403.26 $0.00 $532.90 $95,186.27
238 $95,186.27 $403.26 $0.00 $538.20 $96,127.73
239 $96,127.73 $403.26 $0.00 $543.52 $97,074.51
240 $97,074.51 $403.26 $0.00 $548.87 $98,026.64
241 $98,026.64 $403.26 $52,124.03 $554.26 $46,860.13
242 $46,860.13 $403.26 $0.00 $264.95 $47,528.34
243 $47,528.34 $403.26 $0.00 $268.73 $48,200.33
244 $48,200.33 $403.26 $0.00 $272.53 $48,876.12
245 $48,876.12 $403.26 $0.00 $276.35 $49,555.73
246 $49,555.73 $403.26 $0.00 $280.20 $50,239.19
247 $50,239.19 $403.26 $0.00 $284.06 $50,926.51
248 $50,926.51 $403.26 $0.00 $287.95 $51,617.72
249 $51,617.72 $403.26 $0.00 $291.85 $52,312.83
250 $52,312.83 $403.26 $0.00 $295.78 $53,011.87
251 $53,011.87 $403.26 $0.00 $299.74 $53,714.87
252 $53,714.87 $403.26 $0.00 $303.71 $54,421.84
253 $54,421.84 $0.00 $54,730.24 $307.71 ($0.69)