Savings Plan and Future Cost Estimation for West Texas A & M University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$62,771
Monthly savings required$497

How much will it cost to send your child to West Texas A & M University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $251,084.72 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $496.89 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$24,206.00
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 $496.89 $0.00 $0.00 $496.89
2 $496.89 $496.89 $0.00 $2.81 $996.59
3 $996.59 $496.89 $0.00 $5.63 $1,499.11
4 $1,499.11 $496.89 $0.00 $8.48 $2,004.48
5 $2,004.48 $496.89 $0.00 $11.33 $2,512.70
6 $2,512.70 $496.89 $0.00 $14.21 $3,023.80
7 $3,023.80 $496.89 $0.00 $17.10 $3,537.79
8 $3,537.79 $496.89 $0.00 $20.00 $4,054.68
9 $4,054.68 $496.89 $0.00 $22.93 $4,574.50
10 $4,574.50 $496.89 $0.00 $25.86 $5,097.25
11 $5,097.25 $496.89 $0.00 $28.82 $5,622.96
12 $5,622.96 $496.89 $0.00 $31.79 $6,151.64
13 $6,151.64 $496.89 $0.00 $34.78 $6,683.31
14 $6,683.31 $496.89 $0.00 $37.79 $7,217.99
15 $7,217.99 $496.89 $0.00 $40.81 $7,755.69
16 $7,755.69 $496.89 $0.00 $43.85 $8,296.43
17 $8,296.43 $496.89 $0.00 $46.91 $8,840.23
18 $8,840.23 $496.89 $0.00 $49.98 $9,387.10
19 $9,387.10 $496.89 $0.00 $53.08 $9,937.07
20 $9,937.07 $496.89 $0.00 $56.19 $10,490.15
21 $10,490.15 $496.89 $0.00 $59.31 $11,046.35
22 $11,046.35 $496.89 $0.00 $62.46 $11,605.70
23 $11,605.70 $496.89 $0.00 $65.62 $12,168.21
24 $12,168.21 $496.89 $0.00 $68.80 $12,733.90
25 $12,733.90 $496.89 $0.00 $72.00 $13,302.79
26 $13,302.79 $496.89 $0.00 $75.22 $13,874.90
27 $13,874.90 $496.89 $0.00 $78.45 $14,450.24
28 $14,450.24 $496.89 $0.00 $81.70 $15,028.83
29 $15,028.83 $496.89 $0.00 $84.98 $15,610.70
30 $15,610.70 $496.89 $0.00 $88.27 $16,195.86
31 $16,195.86 $496.89 $0.00 $91.57 $16,784.32
32 $16,784.32 $496.89 $0.00 $94.90 $17,376.11
33 $17,376.11 $496.89 $0.00 $98.25 $17,971.25
34 $17,971.25 $496.89 $0.00 $101.61 $18,569.75
35 $18,569.75 $496.89 $0.00 $105.00 $19,171.64
36 $19,171.64 $496.89 $0.00 $108.40 $19,776.93
37 $19,776.93 $496.89 $0.00 $111.82 $20,385.64
38 $20,385.64 $496.89 $0.00 $115.26 $20,997.79
39 $20,997.79 $496.89 $0.00 $118.72 $21,613.40
40 $21,613.40 $496.89 $0.00 $122.21 $22,232.50
41 $22,232.50 $496.89 $0.00 $125.71 $22,855.10
42 $22,855.10 $496.89 $0.00 $129.23 $23,481.22
43 $23,481.22 $496.89 $0.00 $132.77 $24,110.88
44 $24,110.88 $496.89 $0.00 $136.33 $24,744.10
45 $24,744.10 $496.89 $0.00 $139.91 $25,380.90
46 $25,380.90 $496.89 $0.00 $143.51 $26,021.30
47 $26,021.30 $496.89 $0.00 $147.13 $26,665.32
48 $26,665.32 $496.89 $0.00 $150.77 $27,312.98
49 $27,312.98 $496.89 $0.00 $154.43 $27,964.30
50 $27,964.30 $496.89 $0.00 $158.11 $28,619.30
51 $28,619.30 $496.89 $0.00 $161.82 $29,278.01
52 $29,278.01 $496.89 $0.00 $165.54 $29,940.44
53 $29,940.44 $496.89 $0.00 $169.29 $30,606.62
54 $30,606.62 $496.89 $0.00 $173.05 $31,276.56
55 $31,276.56 $496.89 $0.00 $176.84 $31,950.29
56 $31,950.29 $496.89 $0.00 $180.65 $32,627.83
57 $32,627.83 $496.89 $0.00 $184.48 $33,309.20
58 $33,309.20 $496.89 $0.00 $188.34 $33,994.43
59 $33,994.43 $496.89 $0.00 $192.21 $34,683.53
60 $34,683.53 $496.89 $0.00 $196.11 $35,376.53
61 $35,376.53 $496.89 $0.00 $200.02 $36,073.44
62 $36,073.44 $496.89 $0.00 $203.96 $36,774.29
63 $36,774.29 $496.89 $0.00 $207.93 $37,479.11
64 $37,479.11 $496.89 $0.00 $211.91 $38,187.91
65 $38,187.91 $496.89 $0.00 $215.92 $38,900.72
66 $38,900.72 $496.89 $0.00 $219.95 $39,617.56
67 $39,617.56 $496.89 $0.00 $224.00 $40,338.45
68 $40,338.45 $496.89 $0.00 $228.08 $41,063.42
69 $41,063.42 $496.89 $0.00 $232.18 $41,792.49
70 $41,792.49 $496.89 $0.00 $236.30 $42,525.68
71 $42,525.68 $496.89 $0.00 $240.45 $43,263.02
72 $43,263.02 $496.89 $0.00 $244.62 $44,004.53
73 $44,004.53 $496.89 $0.00 $248.81 $44,750.23
74 $44,750.23 $496.89 $0.00 $253.02 $45,500.14
75 $45,500.14 $496.89 $0.00 $257.26 $46,254.29
76 $46,254.29 $496.89 $0.00 $261.53 $47,012.71
77 $47,012.71 $496.89 $0.00 $265.82 $47,775.42
78 $47,775.42 $496.89 $0.00 $270.13 $48,542.44
79 $48,542.44 $496.89 $0.00 $274.47 $49,313.80
80 $49,313.80 $496.89 $0.00 $278.83 $50,089.52
81 $50,089.52 $496.89 $0.00 $283.21 $50,869.62
82 $50,869.62 $496.89 $0.00 $287.62 $51,654.13
83 $51,654.13 $496.89 $0.00 $292.06 $52,443.08
84 $52,443.08 $496.89 $0.00 $296.52 $53,236.49
85 $53,236.49 $496.89 $0.00 $301.01 $54,034.39
86 $54,034.39 $496.89 $0.00 $305.52 $54,836.80
87 $54,836.80 $496.89 $0.00 $310.06 $55,643.75
88 $55,643.75 $496.89 $0.00 $314.62 $56,455.26
89 $56,455.26 $496.89 $0.00 $319.21 $57,271.36
90 $57,271.36 $496.89 $0.00 $323.82 $58,092.07
91 $58,092.07 $496.89 $0.00 $328.46 $58,917.42
92 $58,917.42 $496.89 $0.00 $333.13 $59,747.44
93 $59,747.44 $496.89 $0.00 $337.82 $60,582.15
94 $60,582.15 $496.89 $0.00 $342.54 $61,421.58
95 $61,421.58 $496.89 $0.00 $347.29 $62,265.76
96 $62,265.76 $496.89 $0.00 $352.06 $63,114.71
97 $63,114.71 $496.89 $0.00 $356.86 $63,968.46
98 $63,968.46 $496.89 $0.00 $361.69 $64,827.04
99 $64,827.04 $496.89 $0.00 $366.54 $65,690.47
100 $65,690.47 $496.89 $0.00 $371.42 $66,558.78
101 $66,558.78 $496.89 $0.00 $376.33 $67,432.00
102 $67,432.00 $496.89 $0.00 $381.27 $68,310.16
103 $68,310.16 $496.89 $0.00 $386.24 $69,193.29
104 $69,193.29 $496.89 $0.00 $391.23 $70,081.41
105 $70,081.41 $496.89 $0.00 $396.25 $70,974.55
106 $70,974.55 $496.89 $0.00 $401.30 $71,872.74
107 $71,872.74 $496.89 $0.00 $406.38 $72,776.01
108 $72,776.01 $496.89 $0.00 $411.49 $73,684.39
109 $73,684.39 $496.89 $0.00 $416.62 $74,597.90
110 $74,597.90 $496.89 $0.00 $421.79 $75,516.58
111 $75,516.58 $496.89 $0.00 $426.98 $76,440.45
112 $76,440.45 $496.89 $0.00 $432.21 $77,369.55
113 $77,369.55 $496.89 $0.00 $437.46 $78,303.90
114 $78,303.90 $496.89 $0.00 $442.74 $79,243.53
115 $79,243.53 $496.89 $0.00 $448.05 $80,188.47
116 $80,188.47 $496.89 $0.00 $453.40 $81,138.76
117 $81,138.76 $496.89 $0.00 $458.77 $82,094.42
118 $82,094.42 $496.89 $0.00 $464.17 $83,055.48
119 $83,055.48 $496.89 $0.00 $469.61 $84,021.98
120 $84,021.98 $496.89 $0.00 $475.07 $84,993.94
121 $84,993.94 $496.89 $0.00 $480.57 $85,971.40
122 $85,971.40 $496.89 $0.00 $486.09 $86,954.38
123 $86,954.38 $496.89 $0.00 $491.65 $87,942.92
124 $87,942.92 $496.89 $0.00 $497.24 $88,937.05
125 $88,937.05 $496.89 $0.00 $502.86 $89,936.80
126 $89,936.80 $496.89 $0.00 $508.52 $90,942.21
127 $90,942.21 $496.89 $0.00 $514.20 $91,953.30
128 $91,953.30 $496.89 $0.00 $519.92 $92,970.11
129 $92,970.11 $496.89 $0.00 $525.67 $93,992.67
130 $93,992.67 $496.89 $0.00 $531.45 $95,021.01
131 $95,021.01 $496.89 $0.00 $537.26 $96,055.16
132 $96,055.16 $496.89 $0.00 $543.11 $97,095.16
133 $97,095.16 $496.89 $0.00 $548.99 $98,141.04
134 $98,141.04 $496.89 $0.00 $554.90 $99,192.83
135 $99,192.83 $496.89 $0.00 $560.85 $100,250.57
136 $100,250.57 $496.89 $0.00 $566.83 $101,314.29
137 $101,314.29 $496.89 $0.00 $572.85 $102,384.03
138 $102,384.03 $496.89 $0.00 $578.89 $103,459.81
139 $103,459.81 $496.89 $0.00 $584.98 $104,541.68
140 $104,541.68 $496.89 $0.00 $591.09 $105,629.66
141 $105,629.66 $496.89 $0.00 $597.25 $106,723.80
142 $106,723.80 $496.89 $0.00 $603.43 $107,824.12
143 $107,824.12 $496.89 $0.00 $609.65 $108,930.66
144 $108,930.66 $496.89 $0.00 $615.91 $110,043.46
145 $110,043.46 $496.89 $0.00 $622.20 $111,162.55
146 $111,162.55 $496.89 $0.00 $628.53 $112,287.97
147 $112,287.97 $496.89 $0.00 $634.89 $113,419.75
148 $113,419.75 $496.89 $0.00 $641.29 $114,557.93
149 $114,557.93 $496.89 $0.00 $647.73 $115,702.55
150 $115,702.55 $496.89 $0.00 $654.20 $116,853.64
151 $116,853.64 $496.89 $0.00 $660.71 $118,011.24
152 $118,011.24 $496.89 $0.00 $667.25 $119,175.38
153 $119,175.38 $496.89 $0.00 $673.83 $120,346.10
154 $120,346.10 $496.89 $0.00 $680.45 $121,523.44
155 $121,523.44 $496.89 $0.00 $687.11 $122,707.44
156 $122,707.44 $496.89 $0.00 $693.81 $123,898.14
157 $123,898.14 $496.89 $0.00 $700.54 $125,095.57
158 $125,095.57 $496.89 $0.00 $707.31 $126,299.77
159 $126,299.77 $496.89 $0.00 $714.12 $127,510.78
160 $127,510.78 $496.89 $0.00 $720.96 $128,728.63
161 $128,728.63 $496.89 $0.00 $727.85 $129,953.37
162 $129,953.37 $496.89 $0.00 $734.78 $131,185.04
163 $131,185.04 $496.89 $0.00 $741.74 $132,423.67
164 $132,423.67 $496.89 $0.00 $748.74 $133,669.30
165 $133,669.30 $496.89 $0.00 $755.79 $134,921.98
166 $134,921.98 $496.89 $0.00 $762.87 $136,181.74
167 $136,181.74 $496.89 $0.00 $769.99 $137,448.62
168 $137,448.62 $496.89 $0.00 $777.15 $138,722.66
169 $138,722.66 $496.89 $0.00 $784.36 $140,003.91
170 $140,003.91 $496.89 $0.00 $791.60 $141,292.40
171 $141,292.40 $496.89 $0.00 $798.89 $142,588.18
172 $142,588.18 $496.89 $0.00 $806.21 $143,891.28
173 $143,891.28 $496.89 $0.00 $813.58 $145,201.75
174 $145,201.75 $496.89 $0.00 $820.99 $146,519.63
175 $146,519.63 $496.89 $0.00 $828.44 $147,844.96
176 $147,844.96 $496.89 $0.00 $835.94 $149,177.79
177 $149,177.79 $496.89 $0.00 $843.47 $150,518.15
178 $150,518.15 $496.89 $0.00 $851.05 $151,866.09
179 $151,866.09 $496.89 $0.00 $858.67 $153,221.65
180 $153,221.65 $496.89 $0.00 $866.34 $154,584.88
181 $154,584.88 $496.89 $0.00 $874.05 $155,955.82
182 $155,955.82 $496.89 $0.00 $881.80 $157,334.51
183 $157,334.51 $496.89 $0.00 $889.59 $158,720.99
184 $158,720.99 $496.89 $0.00 $897.43 $160,115.31
185 $160,115.31 $496.89 $0.00 $905.32 $161,517.52
186 $161,517.52 $496.89 $0.00 $913.24 $162,927.65
187 $162,927.65 $496.89 $0.00 $921.22 $164,345.76
188 $164,345.76 $496.89 $0.00 $929.23 $165,771.88
189 $165,771.88 $496.89 $0.00 $937.30 $167,206.07
190 $167,206.07 $496.89 $0.00 $945.41 $168,648.37
191 $168,648.37 $496.89 $0.00 $953.56 $170,098.82
192 $170,098.82 $496.89 $0.00 $961.76 $171,557.47
193 $171,557.47 $496.89 $0.00 $970.01 $173,024.37
194 $173,024.37 $496.89 $0.00 $978.30 $174,499.56
195 $174,499.56 $496.89 $0.00 $986.65 $175,983.10
196 $175,983.10 $496.89 $0.00 $995.03 $177,475.02
197 $177,475.02 $496.89 $0.00 $1,003.47 $178,975.38
198 $178,975.38 $496.89 $0.00 $1,011.95 $180,484.22
199 $180,484.22 $496.89 $0.00 $1,020.48 $182,001.59
200 $182,001.59 $496.89 $0.00 $1,029.06 $183,527.54
201 $183,527.54 $496.89 $0.00 $1,037.69 $185,062.12
202 $185,062.12 $496.89 $0.00 $1,046.37 $186,605.38
203 $186,605.38 $496.89 $0.00 $1,055.09 $188,157.36
204 $188,157.36 $496.89 $0.00 $1,063.87 $189,718.12
205 $189,718.12 $496.89 $0.00 $1,072.69 $191,287.70
206 $191,287.70 $496.89 $0.00 $1,081.57 $192,866.16
207 $192,866.16 $496.89 $0.00 $1,090.49 $194,453.54
208 $194,453.54 $496.89 $0.00 $1,099.47 $196,049.90
209 $196,049.90 $496.89 $0.00 $1,108.49 $197,655.28
210 $197,655.28 $496.89 $0.00 $1,117.57 $199,269.74
211 $199,269.74 $496.89 $0.00 $1,126.70 $200,893.33
212 $200,893.33 $496.89 $0.00 $1,135.88 $202,526.10
213 $202,526.10 $496.89 $0.00 $1,145.11 $204,168.10
214 $204,168.10 $496.89 $0.00 $1,154.40 $205,819.39
215 $205,819.39 $496.89 $0.00 $1,163.73 $207,480.01
216 $207,480.01 $496.89 $0.00 $1,173.12 $209,150.02
217 $209,150.02 $496.89 $58,254.63 $1,182.56 $152,574.84
218 $152,574.84 $496.89 $0.00 $862.68 $153,934.41
219 $153,934.41 $496.89 $0.00 $870.37 $155,301.67
220 $155,301.67 $496.89 $0.00 $878.10 $156,676.66
221 $156,676.66 $496.89 $0.00 $885.87 $158,059.42
222 $158,059.42 $496.89 $0.00 $893.69 $159,450.00
223 $159,450.00 $496.89 $0.00 $901.55 $160,848.44
224 $160,848.44 $496.89 $0.00 $909.46 $162,254.79
225 $162,254.79 $496.89 $0.00 $917.41 $163,669.09
226 $163,669.09 $496.89 $0.00 $925.41 $165,091.39
227 $165,091.39 $496.89 $0.00 $933.45 $166,521.73
228 $166,521.73 $496.89 $0.00 $941.54 $167,960.16
229 $167,960.16 $496.89 $61,167.36 $949.67 $108,239.36
230 $108,239.36 $496.89 $0.00 $612.00 $109,348.25
231 $109,348.25 $496.89 $0.00 $618.27 $110,463.41
232 $110,463.41 $496.89 $0.00 $624.58 $111,584.88
233 $111,584.88 $496.89 $0.00 $630.92 $112,712.69
234 $112,712.69 $496.89 $0.00 $637.29 $113,846.87
235 $113,846.87 $496.89 $0.00 $643.71 $114,987.47
236 $114,987.47 $496.89 $0.00 $650.16 $116,134.52
237 $116,134.52 $496.89 $0.00 $656.64 $117,288.05
238 $117,288.05 $496.89 $0.00 $663.16 $118,448.10
239 $118,448.10 $496.89 $0.00 $669.72 $119,614.71
240 $119,614.71 $496.89 $0.00 $676.32 $120,787.92
241 $120,787.92 $496.89 $64,225.72 $682.95 $57,742.04
242 $57,742.04 $496.89 $0.00 $326.48 $58,565.41
243 $58,565.41 $496.89 $0.00 $331.14 $59,393.44
244 $59,393.44 $496.89 $0.00 $335.82 $60,226.15
245 $60,226.15 $496.89 $0.00 $340.53 $61,063.57
246 $61,063.57 $496.89 $0.00 $345.26 $61,905.72
247 $61,905.72 $496.89 $0.00 $350.02 $62,752.63
248 $62,752.63 $496.89 $0.00 $354.81 $63,604.33
249 $63,604.33 $496.89 $0.00 $359.63 $64,460.85
250 $64,460.85 $496.89 $0.00 $364.47 $65,322.21
251 $65,322.21 $496.89 $0.00 $369.34 $66,188.44
252 $66,188.44 $496.89 $0.00 $374.24 $67,059.57
253 $67,059.57 $0.00 $67,437.01 $379.16 $1.72