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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$54,172
Monthly savings required$429

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 $216,688.41 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $428.82 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$20,890.00
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 $428.82 $0.00 $0.00 $428.82
2 $428.82 $428.82 $0.00 $2.42 $860.06
3 $860.06 $428.82 $0.00 $4.86 $1,293.74
4 $1,293.74 $428.82 $0.00 $7.31 $1,729.87
5 $1,729.87 $428.82 $0.00 $9.78 $2,168.47
6 $2,168.47 $428.82 $0.00 $12.26 $2,609.55
7 $2,609.55 $428.82 $0.00 $14.75 $3,053.12
8 $3,053.12 $428.82 $0.00 $17.26 $3,499.20
9 $3,499.20 $428.82 $0.00 $19.78 $3,947.80
10 $3,947.80 $428.82 $0.00 $22.32 $4,398.94
11 $4,398.94 $428.82 $0.00 $24.87 $4,852.63
12 $4,852.63 $428.82 $0.00 $27.44 $5,308.89
13 $5,308.89 $428.82 $0.00 $30.02 $5,767.73
14 $5,767.73 $428.82 $0.00 $32.61 $6,229.16
15 $6,229.16 $428.82 $0.00 $35.22 $6,693.20
16 $6,693.20 $428.82 $0.00 $37.84 $7,159.86
17 $7,159.86 $428.82 $0.00 $40.48 $7,629.16
18 $7,629.16 $428.82 $0.00 $43.14 $8,101.12
19 $8,101.12 $428.82 $0.00 $45.80 $8,575.74
20 $8,575.74 $428.82 $0.00 $48.49 $9,053.05
21 $9,053.05 $428.82 $0.00 $51.19 $9,533.06
22 $9,533.06 $428.82 $0.00 $53.90 $10,015.78
23 $10,015.78 $428.82 $0.00 $56.63 $10,501.23
24 $10,501.23 $428.82 $0.00 $59.38 $10,989.43
25 $10,989.43 $428.82 $0.00 $62.14 $11,480.39
26 $11,480.39 $428.82 $0.00 $64.91 $11,974.12
27 $11,974.12 $428.82 $0.00 $67.70 $12,470.64
28 $12,470.64 $428.82 $0.00 $70.51 $12,969.97
29 $12,969.97 $428.82 $0.00 $73.33 $13,472.12
30 $13,472.12 $428.82 $0.00 $76.17 $13,977.11
31 $13,977.11 $428.82 $0.00 $79.03 $14,484.96
32 $14,484.96 $428.82 $0.00 $81.90 $14,995.68
33 $14,995.68 $428.82 $0.00 $84.79 $15,509.29
34 $15,509.29 $428.82 $0.00 $87.69 $16,025.80
35 $16,025.80 $428.82 $0.00 $90.61 $16,545.23
36 $16,545.23 $428.82 $0.00 $93.55 $17,067.60
37 $17,067.60 $428.82 $0.00 $96.50 $17,592.92
38 $17,592.92 $428.82 $0.00 $99.47 $18,121.21
39 $18,121.21 $428.82 $0.00 $102.46 $18,652.49
40 $18,652.49 $428.82 $0.00 $105.46 $19,186.77
41 $19,186.77 $428.82 $0.00 $108.48 $19,724.07
42 $19,724.07 $428.82 $0.00 $111.52 $20,264.41
43 $20,264.41 $428.82 $0.00 $114.58 $20,807.81
44 $20,807.81 $428.82 $0.00 $117.65 $21,354.28
45 $21,354.28 $428.82 $0.00 $120.74 $21,903.84
46 $21,903.84 $428.82 $0.00 $123.85 $22,456.51
47 $22,456.51 $428.82 $0.00 $126.97 $23,012.30
48 $23,012.30 $428.82 $0.00 $130.11 $23,571.23
49 $23,571.23 $428.82 $0.00 $133.28 $24,133.33
50 $24,133.33 $428.82 $0.00 $136.45 $24,698.60
51 $24,698.60 $428.82 $0.00 $139.65 $25,267.07
52 $25,267.07 $428.82 $0.00 $142.86 $25,838.75
53 $25,838.75 $428.82 $0.00 $146.10 $26,413.67
54 $26,413.67 $428.82 $0.00 $149.35 $26,991.84
55 $26,991.84 $428.82 $0.00 $152.62 $27,573.28
56 $27,573.28 $428.82 $0.00 $155.90 $28,158.00
57 $28,158.00 $428.82 $0.00 $159.21 $28,746.03
58 $28,746.03 $428.82 $0.00 $162.53 $29,337.38
59 $29,337.38 $428.82 $0.00 $165.88 $29,932.08
60 $29,932.08 $428.82 $0.00 $169.24 $30,530.14
61 $30,530.14 $428.82 $0.00 $172.62 $31,131.58
62 $31,131.58 $428.82 $0.00 $176.02 $31,736.42
63 $31,736.42 $428.82 $0.00 $179.44 $32,344.68
64 $32,344.68 $428.82 $0.00 $182.88 $32,956.38
65 $32,956.38 $428.82 $0.00 $186.34 $33,571.54
66 $33,571.54 $428.82 $0.00 $189.82 $34,190.18
67 $34,190.18 $428.82 $0.00 $193.32 $34,812.32
68 $34,812.32 $428.82 $0.00 $196.83 $35,437.97
69 $35,437.97 $428.82 $0.00 $200.37 $36,067.16
70 $36,067.16 $428.82 $0.00 $203.93 $36,699.91
71 $36,699.91 $428.82 $0.00 $207.51 $37,336.24
72 $37,336.24 $428.82 $0.00 $211.10 $37,976.16
73 $37,976.16 $428.82 $0.00 $214.72 $38,619.70
74 $38,619.70 $428.82 $0.00 $218.36 $39,266.88
75 $39,266.88 $428.82 $0.00 $222.02 $39,917.72
76 $39,917.72 $428.82 $0.00 $225.70 $40,572.24
77 $40,572.24 $428.82 $0.00 $229.40 $41,230.46
78 $41,230.46 $428.82 $0.00 $233.12 $41,892.40
79 $41,892.40 $428.82 $0.00 $236.87 $42,558.09
80 $42,558.09 $428.82 $0.00 $240.63 $43,227.54
81 $43,227.54 $428.82 $0.00 $244.41 $43,900.77
82 $43,900.77 $428.82 $0.00 $248.22 $44,577.81
83 $44,577.81 $428.82 $0.00 $252.05 $45,258.68
84 $45,258.68 $428.82 $0.00 $255.90 $45,943.40
85 $45,943.40 $428.82 $0.00 $259.77 $46,631.99
86 $46,631.99 $428.82 $0.00 $263.66 $47,324.47
87 $47,324.47 $428.82 $0.00 $267.58 $48,020.87
88 $48,020.87 $428.82 $0.00 $271.52 $48,721.21
89 $48,721.21 $428.82 $0.00 $275.48 $49,425.51
90 $49,425.51 $428.82 $0.00 $279.46 $50,133.79
91 $50,133.79 $428.82 $0.00 $283.46 $50,846.07
92 $50,846.07 $428.82 $0.00 $287.49 $51,562.38
93 $51,562.38 $428.82 $0.00 $291.54 $52,282.74
94 $52,282.74 $428.82 $0.00 $295.61 $53,007.17
95 $53,007.17 $428.82 $0.00 $299.71 $53,735.70
96 $53,735.70 $428.82 $0.00 $303.83 $54,468.35
97 $54,468.35 $428.82 $0.00 $307.97 $55,205.14
98 $55,205.14 $428.82 $0.00 $312.14 $55,946.10
99 $55,946.10 $428.82 $0.00 $316.33 $56,691.25
100 $56,691.25 $428.82 $0.00 $320.54 $57,440.61
101 $57,440.61 $428.82 $0.00 $324.78 $58,194.21
102 $58,194.21 $428.82 $0.00 $329.04 $58,952.07
103 $58,952.07 $428.82 $0.00 $333.32 $59,714.21
104 $59,714.21 $428.82 $0.00 $337.63 $60,480.66
105 $60,480.66 $428.82 $0.00 $341.97 $61,251.45
106 $61,251.45 $428.82 $0.00 $346.32 $62,026.59
107 $62,026.59 $428.82 $0.00 $350.71 $62,806.12
108 $62,806.12 $428.82 $0.00 $355.11 $63,590.05
109 $63,590.05 $428.82 $0.00 $359.55 $64,378.42
110 $64,378.42 $428.82 $0.00 $364.00 $65,171.24
111 $65,171.24 $428.82 $0.00 $368.49 $65,968.55
112 $65,968.55 $428.82 $0.00 $373.00 $66,770.37
113 $66,770.37 $428.82 $0.00 $377.53 $67,576.72
114 $67,576.72 $428.82 $0.00 $382.09 $68,387.63
115 $68,387.63 $428.82 $0.00 $386.67 $69,203.12
116 $69,203.12 $428.82 $0.00 $391.28 $70,023.22
117 $70,023.22 $428.82 $0.00 $395.92 $70,847.96
118 $70,847.96 $428.82 $0.00 $400.58 $71,677.36
119 $71,677.36 $428.82 $0.00 $405.27 $72,511.45
120 $72,511.45 $428.82 $0.00 $409.99 $73,350.26
121 $73,350.26 $428.82 $0.00 $414.73 $74,193.81
122 $74,193.81 $428.82 $0.00 $419.50 $75,042.13
123 $75,042.13 $428.82 $0.00 $424.30 $75,895.25
124 $75,895.25 $428.82 $0.00 $429.12 $76,753.19
125 $76,753.19 $428.82 $0.00 $433.97 $77,615.98
126 $77,615.98 $428.82 $0.00 $438.85 $78,483.65
127 $78,483.65 $428.82 $0.00 $443.76 $79,356.23
128 $79,356.23 $428.82 $0.00 $448.69 $80,233.74
129 $80,233.74 $428.82 $0.00 $453.65 $81,116.21
130 $81,116.21 $428.82 $0.00 $458.64 $82,003.67
131 $82,003.67 $428.82 $0.00 $463.66 $82,896.15
132 $82,896.15 $428.82 $0.00 $468.71 $83,793.68
133 $83,793.68 $428.82 $0.00 $473.78 $84,696.28
134 $84,696.28 $428.82 $0.00 $478.89 $85,603.99
135 $85,603.99 $428.82 $0.00 $484.02 $86,516.83
136 $86,516.83 $428.82 $0.00 $489.18 $87,434.83
137 $87,434.83 $428.82 $0.00 $494.37 $88,358.02
138 $88,358.02 $428.82 $0.00 $499.59 $89,286.43
139 $89,286.43 $428.82 $0.00 $504.84 $90,220.09
140 $90,220.09 $428.82 $0.00 $510.12 $91,159.03
141 $91,159.03 $428.82 $0.00 $515.43 $92,103.28
142 $92,103.28 $428.82 $0.00 $520.77 $93,052.87
143 $93,052.87 $428.82 $0.00 $526.13 $94,007.82
144 $94,007.82 $428.82 $0.00 $531.53 $94,968.17
145 $94,968.17 $428.82 $0.00 $536.96 $95,933.95
146 $95,933.95 $428.82 $0.00 $542.42 $96,905.19
147 $96,905.19 $428.82 $0.00 $547.92 $97,881.93
148 $97,881.93 $428.82 $0.00 $553.44 $98,864.19
149 $98,864.19 $428.82 $0.00 $558.99 $99,852.00
150 $99,852.00 $428.82 $0.00 $564.58 $100,845.40
151 $100,845.40 $428.82 $0.00 $570.19 $101,844.41
152 $101,844.41 $428.82 $0.00 $575.84 $102,849.07
153 $102,849.07 $428.82 $0.00 $581.52 $103,859.41
154 $103,859.41 $428.82 $0.00 $587.24 $104,875.47
155 $104,875.47 $428.82 $0.00 $592.98 $105,897.27
156 $105,897.27 $428.82 $0.00 $598.76 $106,924.85
157 $106,924.85 $428.82 $0.00 $604.57 $107,958.24
158 $107,958.24 $428.82 $0.00 $610.41 $108,997.47
159 $108,997.47 $428.82 $0.00 $616.29 $110,042.58
160 $110,042.58 $428.82 $0.00 $622.20 $111,093.60
161 $111,093.60 $428.82 $0.00 $628.14 $112,150.56
162 $112,150.56 $428.82 $0.00 $634.12 $113,213.50
163 $113,213.50 $428.82 $0.00 $640.13 $114,282.45
164 $114,282.45 $428.82 $0.00 $646.17 $115,357.44
165 $115,357.44 $428.82 $0.00 $652.25 $116,438.51
166 $116,438.51 $428.82 $0.00 $658.36 $117,525.69
167 $117,525.69 $428.82 $0.00 $664.51 $118,619.02
168 $118,619.02 $428.82 $0.00 $670.69 $119,718.53
169 $119,718.53 $428.82 $0.00 $676.91 $120,824.26
170 $120,824.26 $428.82 $0.00 $683.16 $121,936.24
171 $121,936.24 $428.82 $0.00 $689.45 $123,054.51
172 $123,054.51 $428.82 $0.00 $695.77 $124,179.10
173 $124,179.10 $428.82 $0.00 $702.13 $125,310.05
174 $125,310.05 $428.82 $0.00 $708.52 $126,447.39
175 $126,447.39 $428.82 $0.00 $714.95 $127,591.16
176 $127,591.16 $428.82 $0.00 $721.42 $128,741.40
177 $128,741.40 $428.82 $0.00 $727.92 $129,898.14
178 $129,898.14 $428.82 $0.00 $734.46 $131,061.42
179 $131,061.42 $428.82 $0.00 $741.04 $132,231.28
180 $132,231.28 $428.82 $0.00 $747.65 $133,407.75
181 $133,407.75 $428.82 $0.00 $754.31 $134,590.88
182 $134,590.88 $428.82 $0.00 $761.00 $135,780.70
183 $135,780.70 $428.82 $0.00 $767.72 $136,977.24
184 $136,977.24 $428.82 $0.00 $774.49 $138,180.55
185 $138,180.55 $428.82 $0.00 $781.29 $139,390.66
186 $139,390.66 $428.82 $0.00 $788.14 $140,607.62
187 $140,607.62 $428.82 $0.00 $795.02 $141,831.46
188 $141,831.46 $428.82 $0.00 $801.94 $143,062.22
189 $143,062.22 $428.82 $0.00 $808.89 $144,299.93
190 $144,299.93 $428.82 $0.00 $815.89 $145,544.64
191 $145,544.64 $428.82 $0.00 $822.93 $146,796.39
192 $146,796.39 $428.82 $0.00 $830.01 $148,055.22
193 $148,055.22 $428.82 $0.00 $837.13 $149,321.17
194 $149,321.17 $428.82 $0.00 $844.28 $150,594.27
195 $150,594.27 $428.82 $0.00 $851.48 $151,874.57
196 $151,874.57 $428.82 $0.00 $858.72 $153,162.11
197 $153,162.11 $428.82 $0.00 $866.00 $154,456.93
198 $154,456.93 $428.82 $0.00 $873.32 $155,759.07
199 $155,759.07 $428.82 $0.00 $880.68 $157,068.57
200 $157,068.57 $428.82 $0.00 $888.09 $158,385.48
201 $158,385.48 $428.82 $0.00 $895.53 $159,709.83
202 $159,709.83 $428.82 $0.00 $903.02 $161,041.67
203 $161,041.67 $428.82 $0.00 $910.55 $162,381.04
204 $162,381.04 $428.82 $0.00 $918.13 $163,727.99
205 $163,727.99 $428.82 $0.00 $925.74 $165,082.55
206 $165,082.55 $428.82 $0.00 $933.40 $166,444.77
207 $166,444.77 $428.82 $0.00 $941.10 $167,814.69
208 $167,814.69 $428.82 $0.00 $948.85 $169,192.36
209 $169,192.36 $428.82 $0.00 $956.64 $170,577.82
210 $170,577.82 $428.82 $0.00 $964.47 $171,971.11
211 $171,971.11 $428.82 $0.00 $972.35 $173,372.28
212 $173,372.28 $428.82 $0.00 $980.27 $174,781.37
213 $174,781.37 $428.82 $0.00 $988.24 $176,198.43
214 $176,198.43 $428.82 $0.00 $996.25 $177,623.50
215 $177,623.50 $428.82 $0.00 $1,004.31 $179,056.63
216 $179,056.63 $428.82 $0.00 $1,012.41 $180,497.86
217 $180,497.86 $428.82 $50,274.28 $1,020.56 $131,672.96
218 $131,672.96 $428.82 $0.00 $744.50 $132,846.28
219 $132,846.28 $428.82 $0.00 $751.13 $134,026.23
220 $134,026.23 $428.82 $0.00 $757.80 $135,212.85
221 $135,212.85 $428.82 $0.00 $764.51 $136,406.18
222 $136,406.18 $428.82 $0.00 $771.26 $137,606.26
223 $137,606.26 $428.82 $0.00 $778.05 $138,813.13
224 $138,813.13 $428.82 $0.00 $784.87 $140,026.82
225 $140,026.82 $428.82 $0.00 $791.73 $141,247.37
226 $141,247.37 $428.82 $0.00 $798.63 $142,474.82
227 $142,474.82 $428.82 $0.00 $805.57 $143,709.21
228 $143,709.21 $428.82 $0.00 $812.55 $144,950.58
229 $144,950.58 $428.82 $52,787.99 $819.57 $93,410.98
230 $93,410.98 $428.82 $0.00 $528.16 $94,367.96
231 $94,367.96 $428.82 $0.00 $533.57 $95,330.35
232 $95,330.35 $428.82 $0.00 $539.01 $96,298.18
233 $96,298.18 $428.82 $0.00 $544.48 $97,271.48
234 $97,271.48 $428.82 $0.00 $549.99 $98,250.29
235 $98,250.29 $428.82 $0.00 $555.52 $99,234.63
236 $99,234.63 $428.82 $0.00 $561.09 $100,224.54
237 $100,224.54 $428.82 $0.00 $566.68 $101,220.04
238 $101,220.04 $428.82 $0.00 $572.31 $102,221.17
239 $102,221.17 $428.82 $0.00 $577.97 $103,227.96
240 $103,227.96 $428.82 $0.00 $583.67 $104,240.45
241 $104,240.45 $428.82 $55,427.39 $589.39 $49,831.27
242 $49,831.27 $428.82 $0.00 $281.75 $50,541.84
243 $50,541.84 $428.82 $0.00 $285.77 $51,256.43
244 $51,256.43 $428.82 $0.00 $289.81 $51,975.06
245 $51,975.06 $428.82 $0.00 $293.87 $52,697.75
246 $52,697.75 $428.82 $0.00 $297.96 $53,424.53
247 $53,424.53 $428.82 $0.00 $302.07 $54,155.42
248 $54,155.42 $428.82 $0.00 $306.20 $54,890.44
249 $54,890.44 $428.82 $0.00 $310.36 $55,629.62
250 $55,629.62 $428.82 $0.00 $314.54 $56,372.98
251 $56,372.98 $428.82 $0.00 $318.74 $57,120.54
252 $57,120.54 $428.82 $0.00 $322.97 $57,872.33
253 $57,872.33 $0.00 $58,198.76 $327.22 $0.79