# 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 enrollment 18 Annual Tuition Increase 5% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 4

## Current Savings Shortfall

### College Savings Calculator

Discover how much will you need to start saving now to afford The University of Texas of the Permian Basin in the future.

## 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)