Savings Plan and Future Cost Estimation for University of St Thomas

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$177,229
Monthly savings required$1,401

How much will it cost to send your child to University of St Thomas in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $708,916.82 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,400.68 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$47,240.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,400.68 $0.00 $0.00 $1,400.68
2 $1,400.68 $1,400.68 $0.00 $7.92 $2,809.28
3 $2,809.28 $1,400.68 $0.00 $15.88 $4,225.84
4 $4,225.84 $1,400.68 $0.00 $23.89 $5,650.41
5 $5,650.41 $1,400.68 $0.00 $31.95 $7,083.04
6 $7,083.04 $1,400.68 $0.00 $40.05 $8,523.77
7 $8,523.77 $1,400.68 $0.00 $48.19 $9,972.64
8 $9,972.64 $1,400.68 $0.00 $56.39 $11,429.71
9 $11,429.71 $1,400.68 $0.00 $64.63 $12,895.02
10 $12,895.02 $1,400.68 $0.00 $72.91 $14,368.61
11 $14,368.61 $1,400.68 $0.00 $81.24 $15,850.53
12 $15,850.53 $1,400.68 $0.00 $89.62 $17,340.83
13 $17,340.83 $1,400.68 $0.00 $98.05 $18,839.56
14 $18,839.56 $1,400.68 $0.00 $106.52 $20,346.76
15 $20,346.76 $1,400.68 $0.00 $115.04 $21,862.48
16 $21,862.48 $1,400.68 $0.00 $123.61 $23,386.77
17 $23,386.77 $1,400.68 $0.00 $132.23 $24,919.68
18 $24,919.68 $1,400.68 $0.00 $140.90 $26,461.26
19 $26,461.26 $1,400.68 $0.00 $149.62 $28,011.56
20 $28,011.56 $1,400.68 $0.00 $158.38 $29,570.62
21 $29,570.62 $1,400.68 $0.00 $167.20 $31,138.50
22 $31,138.50 $1,400.68 $0.00 $176.06 $32,715.24
23 $32,715.24 $1,400.68 $0.00 $184.98 $34,300.90
24 $34,300.90 $1,400.68 $0.00 $193.94 $35,895.52
25 $35,895.52 $1,400.68 $0.00 $202.96 $37,499.16
26 $37,499.16 $1,400.68 $0.00 $212.03 $39,111.87
27 $39,111.87 $1,400.68 $0.00 $221.14 $40,733.69
28 $40,733.69 $1,400.68 $0.00 $230.31 $42,364.68
29 $42,364.68 $1,400.68 $0.00 $239.54 $44,004.90
30 $44,004.90 $1,400.68 $0.00 $248.81 $45,654.39
31 $45,654.39 $1,400.68 $0.00 $258.14 $47,313.21
32 $47,313.21 $1,400.68 $0.00 $267.52 $48,981.41
33 $48,981.41 $1,400.68 $0.00 $276.95 $50,659.04
34 $50,659.04 $1,400.68 $0.00 $286.43 $52,346.15
35 $52,346.15 $1,400.68 $0.00 $295.97 $54,042.80
36 $54,042.80 $1,400.68 $0.00 $305.57 $55,749.05
37 $55,749.05 $1,400.68 $0.00 $315.21 $57,464.94
38 $57,464.94 $1,400.68 $0.00 $324.92 $59,190.54
39 $59,190.54 $1,400.68 $0.00 $334.67 $60,925.89
40 $60,925.89 $1,400.68 $0.00 $344.48 $62,671.05
41 $62,671.05 $1,400.68 $0.00 $354.35 $64,426.08
42 $64,426.08 $1,400.68 $0.00 $364.27 $66,191.03
43 $66,191.03 $1,400.68 $0.00 $374.25 $67,965.96
44 $67,965.96 $1,400.68 $0.00 $384.29 $69,750.93
45 $69,750.93 $1,400.68 $0.00 $394.38 $71,545.99
46 $71,545.99 $1,400.68 $0.00 $404.53 $73,351.20
47 $73,351.20 $1,400.68 $0.00 $414.74 $75,166.62
48 $75,166.62 $1,400.68 $0.00 $425.00 $76,992.30
49 $76,992.30 $1,400.68 $0.00 $435.33 $78,828.31
50 $78,828.31 $1,400.68 $0.00 $445.71 $80,674.70
51 $80,674.70 $1,400.68 $0.00 $456.15 $82,531.53
52 $82,531.53 $1,400.68 $0.00 $466.65 $84,398.86
53 $84,398.86 $1,400.68 $0.00 $477.20 $86,276.74
54 $86,276.74 $1,400.68 $0.00 $487.82 $88,165.24
55 $88,165.24 $1,400.68 $0.00 $498.50 $90,064.42
56 $90,064.42 $1,400.68 $0.00 $509.24 $91,974.34
57 $91,974.34 $1,400.68 $0.00 $520.04 $93,895.06
58 $93,895.06 $1,400.68 $0.00 $530.90 $95,826.64
59 $95,826.64 $1,400.68 $0.00 $541.82 $97,769.14
60 $97,769.14 $1,400.68 $0.00 $552.80 $99,722.62
61 $99,722.62 $1,400.68 $0.00 $563.85 $101,687.15
62 $101,687.15 $1,400.68 $0.00 $574.95 $103,662.78
63 $103,662.78 $1,400.68 $0.00 $586.12 $105,649.58
64 $105,649.58 $1,400.68 $0.00 $597.36 $107,647.62
65 $107,647.62 $1,400.68 $0.00 $608.66 $109,656.96
66 $109,656.96 $1,400.68 $0.00 $620.02 $111,677.66
67 $111,677.66 $1,400.68 $0.00 $631.44 $113,709.78
68 $113,709.78 $1,400.68 $0.00 $642.93 $115,753.39
69 $115,753.39 $1,400.68 $0.00 $654.49 $117,808.56
70 $117,808.56 $1,400.68 $0.00 $666.11 $119,875.35
71 $119,875.35 $1,400.68 $0.00 $677.79 $121,953.82
72 $121,953.82 $1,400.68 $0.00 $689.54 $124,044.04
73 $124,044.04 $1,400.68 $0.00 $701.36 $126,146.08
74 $126,146.08 $1,400.68 $0.00 $713.25 $128,260.01
75 $128,260.01 $1,400.68 $0.00 $725.20 $130,385.89
76 $130,385.89 $1,400.68 $0.00 $737.22 $132,523.79
77 $132,523.79 $1,400.68 $0.00 $749.31 $134,673.78
78 $134,673.78 $1,400.68 $0.00 $761.47 $136,835.93
79 $136,835.93 $1,400.68 $0.00 $773.69 $139,010.30
80 $139,010.30 $1,400.68 $0.00 $785.98 $141,196.96
81 $141,196.96 $1,400.68 $0.00 $798.35 $143,395.99
82 $143,395.99 $1,400.68 $0.00 $810.78 $145,607.45
83 $145,607.45 $1,400.68 $0.00 $823.29 $147,831.42
84 $147,831.42 $1,400.68 $0.00 $835.86 $150,067.96
85 $150,067.96 $1,400.68 $0.00 $848.51 $152,317.15
86 $152,317.15 $1,400.68 $0.00 $861.22 $154,579.05
87 $154,579.05 $1,400.68 $0.00 $874.01 $156,853.74
88 $156,853.74 $1,400.68 $0.00 $886.87 $159,141.29
89 $159,141.29 $1,400.68 $0.00 $899.81 $161,441.78
90 $161,441.78 $1,400.68 $0.00 $912.82 $163,755.28
91 $163,755.28 $1,400.68 $0.00 $925.90 $166,081.86
92 $166,081.86 $1,400.68 $0.00 $939.05 $168,421.59
93 $168,421.59 $1,400.68 $0.00 $952.28 $170,774.55
94 $170,774.55 $1,400.68 $0.00 $965.58 $173,140.81
95 $173,140.81 $1,400.68 $0.00 $978.96 $175,520.45
96 $175,520.45 $1,400.68 $0.00 $992.42 $177,913.55
97 $177,913.55 $1,400.68 $0.00 $1,005.95 $180,320.18
98 $180,320.18 $1,400.68 $0.00 $1,019.56 $182,740.42
99 $182,740.42 $1,400.68 $0.00 $1,033.24 $185,174.34
100 $185,174.34 $1,400.68 $0.00 $1,047.00 $187,622.02
101 $187,622.02 $1,400.68 $0.00 $1,060.84 $190,083.54
102 $190,083.54 $1,400.68 $0.00 $1,074.76 $192,558.98
103 $192,558.98 $1,400.68 $0.00 $1,088.76 $195,048.42
104 $195,048.42 $1,400.68 $0.00 $1,102.83 $197,551.93
105 $197,551.93 $1,400.68 $0.00 $1,116.99 $200,069.60
106 $200,069.60 $1,400.68 $0.00 $1,131.22 $202,601.50
107 $202,601.50 $1,400.68 $0.00 $1,145.54 $205,147.72
108 $205,147.72 $1,400.68 $0.00 $1,159.94 $207,708.34
109 $207,708.34 $1,400.68 $0.00 $1,174.41 $210,283.43
110 $210,283.43 $1,400.68 $0.00 $1,188.97 $212,873.08
111 $212,873.08 $1,400.68 $0.00 $1,203.62 $215,477.38
112 $215,477.38 $1,400.68 $0.00 $1,218.34 $218,096.40
113 $218,096.40 $1,400.68 $0.00 $1,233.15 $220,730.23
114 $220,730.23 $1,400.68 $0.00 $1,248.04 $223,378.95
115 $223,378.95 $1,400.68 $0.00 $1,263.02 $226,042.65
116 $226,042.65 $1,400.68 $0.00 $1,278.08 $228,721.41
117 $228,721.41 $1,400.68 $0.00 $1,293.22 $231,415.31
118 $231,415.31 $1,400.68 $0.00 $1,308.46 $234,124.45
119 $234,124.45 $1,400.68 $0.00 $1,323.77 $236,848.90
120 $236,848.90 $1,400.68 $0.00 $1,339.18 $239,588.76
121 $239,588.76 $1,400.68 $0.00 $1,354.67 $242,344.11
122 $242,344.11 $1,400.68 $0.00 $1,370.25 $245,115.04
123 $245,115.04 $1,400.68 $0.00 $1,385.92 $247,901.64
124 $247,901.64 $1,400.68 $0.00 $1,401.67 $250,703.99
125 $250,703.99 $1,400.68 $0.00 $1,417.52 $253,522.19
126 $253,522.19 $1,400.68 $0.00 $1,433.45 $256,356.32
127 $256,356.32 $1,400.68 $0.00 $1,449.48 $259,206.48
128 $259,206.48 $1,400.68 $0.00 $1,465.59 $262,072.75
129 $262,072.75 $1,400.68 $0.00 $1,481.80 $264,955.23
130 $264,955.23 $1,400.68 $0.00 $1,498.10 $267,854.01
131 $267,854.01 $1,400.68 $0.00 $1,514.49 $270,769.18
132 $270,769.18 $1,400.68 $0.00 $1,530.97 $273,700.83
133 $273,700.83 $1,400.68 $0.00 $1,547.54 $276,649.05
134 $276,649.05 $1,400.68 $0.00 $1,564.21 $279,613.94
135 $279,613.94 $1,400.68 $0.00 $1,580.98 $282,595.60
136 $282,595.60 $1,400.68 $0.00 $1,597.84 $285,594.12
137 $285,594.12 $1,400.68 $0.00 $1,614.79 $288,609.59
138 $288,609.59 $1,400.68 $0.00 $1,631.84 $291,642.11
139 $291,642.11 $1,400.68 $0.00 $1,648.99 $294,691.78
140 $294,691.78 $1,400.68 $0.00 $1,666.23 $297,758.69
141 $297,758.69 $1,400.68 $0.00 $1,683.57 $300,842.94
142 $300,842.94 $1,400.68 $0.00 $1,701.01 $303,944.63
143 $303,944.63 $1,400.68 $0.00 $1,718.55 $307,063.86
144 $307,063.86 $1,400.68 $0.00 $1,736.18 $310,200.72
145 $310,200.72 $1,400.68 $0.00 $1,753.92 $313,355.32
146 $313,355.32 $1,400.68 $0.00 $1,771.76 $316,527.76
147 $316,527.76 $1,400.68 $0.00 $1,789.69 $319,718.13
148 $319,718.13 $1,400.68 $0.00 $1,807.73 $322,926.54
149 $322,926.54 $1,400.68 $0.00 $1,825.87 $326,153.09
150 $326,153.09 $1,400.68 $0.00 $1,844.12 $329,397.89
151 $329,397.89 $1,400.68 $0.00 $1,862.46 $332,661.03
152 $332,661.03 $1,400.68 $0.00 $1,880.91 $335,942.62
153 $335,942.62 $1,400.68 $0.00 $1,899.47 $339,242.77
154 $339,242.77 $1,400.68 $0.00 $1,918.13 $342,561.58
155 $342,561.58 $1,400.68 $0.00 $1,936.89 $345,899.15
156 $345,899.15 $1,400.68 $0.00 $1,955.76 $349,255.59
157 $349,255.59 $1,400.68 $0.00 $1,974.74 $352,631.01
158 $352,631.01 $1,400.68 $0.00 $1,993.83 $356,025.52
159 $356,025.52 $1,400.68 $0.00 $2,013.02 $359,439.22
160 $359,439.22 $1,400.68 $0.00 $2,032.32 $362,872.22
161 $362,872.22 $1,400.68 $0.00 $2,051.73 $366,324.63
162 $366,324.63 $1,400.68 $0.00 $2,071.25 $369,796.56
163 $369,796.56 $1,400.68 $0.00 $2,090.88 $373,288.12
164 $373,288.12 $1,400.68 $0.00 $2,110.63 $376,799.43
165 $376,799.43 $1,400.68 $0.00 $2,130.48 $380,330.59
166 $380,330.59 $1,400.68 $0.00 $2,150.44 $383,881.71
167 $383,881.71 $1,400.68 $0.00 $2,170.52 $387,452.91
168 $387,452.91 $1,400.68 $0.00 $2,190.72 $391,044.31
169 $391,044.31 $1,400.68 $0.00 $2,211.02 $394,656.01
170 $394,656.01 $1,400.68 $0.00 $2,231.44 $398,288.13
171 $398,288.13 $1,400.68 $0.00 $2,251.98 $401,940.79
172 $401,940.79 $1,400.68 $0.00 $2,272.63 $405,614.10
173 $405,614.10 $1,400.68 $0.00 $2,293.40 $409,308.18
174 $409,308.18 $1,400.68 $0.00 $2,314.29 $413,023.15
175 $413,023.15 $1,400.68 $0.00 $2,335.29 $416,759.12
176 $416,759.12 $1,400.68 $0.00 $2,356.42 $420,516.22
177 $420,516.22 $1,400.68 $0.00 $2,377.66 $424,294.56
178 $424,294.56 $1,400.68 $0.00 $2,399.02 $428,094.26
179 $428,094.26 $1,400.68 $0.00 $2,420.51 $431,915.45
180 $431,915.45 $1,400.68 $0.00 $2,442.11 $435,758.24
181 $435,758.24 $1,400.68 $0.00 $2,463.84 $439,622.76
182 $439,622.76 $1,400.68 $0.00 $2,485.69 $443,509.13
183 $443,509.13 $1,400.68 $0.00 $2,507.67 $447,417.48
184 $447,417.48 $1,400.68 $0.00 $2,529.76 $451,347.92
185 $451,347.92 $1,400.68 $0.00 $2,551.99 $455,300.59
186 $455,300.59 $1,400.68 $0.00 $2,574.34 $459,275.61
187 $459,275.61 $1,400.68 $0.00 $2,596.81 $463,273.10
188 $463,273.10 $1,400.68 $0.00 $2,619.41 $467,293.19
189 $467,293.19 $1,400.68 $0.00 $2,642.14 $471,336.01
190 $471,336.01 $1,400.68 $0.00 $2,665.00 $475,401.69
191 $475,401.69 $1,400.68 $0.00 $2,687.99 $479,490.36
192 $479,490.36 $1,400.68 $0.00 $2,711.11 $483,602.15
193 $483,602.15 $1,400.68 $0.00 $2,734.36 $487,737.19
194 $487,737.19 $1,400.68 $0.00 $2,757.74 $491,895.61
195 $491,895.61 $1,400.68 $0.00 $2,781.25 $496,077.54
196 $496,077.54 $1,400.68 $0.00 $2,804.89 $500,283.11
197 $500,283.11 $1,400.68 $0.00 $2,828.67 $504,512.46
198 $504,512.46 $1,400.68 $0.00 $2,852.59 $508,765.73
199 $508,765.73 $1,400.68 $0.00 $2,876.64 $513,043.05
200 $513,043.05 $1,400.68 $0.00 $2,900.82 $517,344.55
201 $517,344.55 $1,400.68 $0.00 $2,925.14 $521,670.37
202 $521,670.37 $1,400.68 $0.00 $2,949.60 $526,020.65
203 $526,020.65 $1,400.68 $0.00 $2,974.20 $530,395.53
204 $530,395.53 $1,400.68 $0.00 $2,998.93 $534,795.14
205 $534,795.14 $1,400.68 $0.00 $3,023.81 $539,219.63
206 $539,219.63 $1,400.68 $0.00 $3,048.83 $543,669.14
207 $543,669.14 $1,400.68 $0.00 $3,073.98 $548,143.80
208 $548,143.80 $1,400.68 $0.00 $3,099.28 $552,643.76
209 $552,643.76 $1,400.68 $0.00 $3,124.73 $557,169.17
210 $557,169.17 $1,400.68 $0.00 $3,150.32 $561,720.17
211 $561,720.17 $1,400.68 $0.00 $3,176.05 $566,296.90
212 $566,296.90 $1,400.68 $0.00 $3,201.93 $570,899.51
213 $570,899.51 $1,400.68 $0.00 $3,227.95 $575,528.14
214 $575,528.14 $1,400.68 $0.00 $3,254.12 $580,182.94
215 $580,182.94 $1,400.68 $0.00 $3,280.44 $584,864.06
216 $584,864.06 $1,400.68 $0.00 $3,306.91 $589,571.65
217 $589,571.65 $1,400.68 $159,668.00 $3,333.52 $434,637.85
218 $434,637.85 $1,400.68 $0.00 $2,457.51 $438,496.04
219 $438,496.04 $1,400.68 $0.00 $2,479.32 $442,376.04
220 $442,376.04 $1,400.68 $0.00 $2,501.26 $446,277.98
221 $446,277.98 $1,400.68 $0.00 $2,523.32 $450,201.98
222 $450,201.98 $1,400.68 $0.00 $2,545.51 $454,148.17
223 $454,148.17 $1,400.68 $0.00 $2,567.82 $458,116.67
224 $458,116.67 $1,400.68 $0.00 $2,590.26 $462,107.61
225 $462,107.61 $1,400.68 $0.00 $2,612.82 $466,121.11
226 $466,121.11 $1,400.68 $0.00 $2,635.52 $470,157.31
227 $470,157.31 $1,400.68 $0.00 $2,658.34 $474,216.33
228 $474,216.33 $1,400.68 $0.00 $2,681.29 $478,298.30
229 $478,298.30 $1,400.68 $170,844.76 $2,704.37 $311,558.59
230 $311,558.59 $1,400.68 $0.00 $1,761.60 $314,720.87
231 $314,720.87 $1,400.68 $0.00 $1,779.48 $317,901.03
232 $317,901.03 $1,400.68 $0.00 $1,797.46 $321,099.17
233 $321,099.17 $1,400.68 $0.00 $1,815.54 $324,315.39
234 $324,315.39 $1,400.68 $0.00 $1,833.73 $327,549.80
235 $327,549.80 $1,400.68 $0.00 $1,852.01 $330,802.49
236 $330,802.49 $1,400.68 $0.00 $1,870.41 $334,073.58
237 $334,073.58 $1,400.68 $0.00 $1,888.90 $337,363.16
238 $337,363.16 $1,400.68 $0.00 $1,907.50 $340,671.34
239 $340,671.34 $1,400.68 $0.00 $1,926.21 $343,998.23
240 $343,998.23 $1,400.68 $0.00 $1,945.02 $347,343.93
241 $347,343.93 $1,400.68 $182,803.89 $1,963.93 $167,904.65
242 $167,904.65 $1,400.68 $0.00 $949.36 $170,254.69
243 $170,254.69 $1,400.68 $0.00 $962.64 $172,618.01
244 $172,618.01 $1,400.68 $0.00 $976.01 $174,994.70
245 $174,994.70 $1,400.68 $0.00 $989.45 $177,384.83
246 $177,384.83 $1,400.68 $0.00 $1,002.96 $179,788.47
247 $179,788.47 $1,400.68 $0.00 $1,016.55 $182,205.70
248 $182,205.70 $1,400.68 $0.00 $1,030.22 $184,636.60
249 $184,636.60 $1,400.68 $0.00 $1,043.96 $187,081.24
250 $187,081.24 $1,400.68 $0.00 $1,057.78 $189,539.70
251 $189,539.70 $1,400.68 $0.00 $1,071.69 $192,012.07
252 $192,012.07 $1,400.68 $0.00 $1,085.66 $194,498.41
253 $194,498.41 $0.00 $195,600.17 $1,099.72 -$2.04