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 2040$56,547
Monthly savings required$448

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 $226,189.92 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $447.63 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$21,806.00
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 $447.63 $0.00 $0.00 $447.63
2 $447.63 $447.63 $0.00 $2.53 $897.79
3 $897.79 $447.63 $0.00 $5.08 $1,350.50
4 $1,350.50 $447.63 $0.00 $7.64 $1,805.77
5 $1,805.77 $447.63 $0.00 $10.21 $2,263.61
6 $2,263.61 $447.63 $0.00 $12.80 $2,724.04
7 $2,724.04 $447.63 $0.00 $15.40 $3,187.07
8 $3,187.07 $447.63 $0.00 $18.02 $3,652.72
9 $3,652.72 $447.63 $0.00 $20.65 $4,121.00
10 $4,121.00 $447.63 $0.00 $23.30 $4,591.93
11 $4,591.93 $447.63 $0.00 $25.96 $5,065.52
12 $5,065.52 $447.63 $0.00 $28.64 $5,541.79
13 $5,541.79 $447.63 $0.00 $31.33 $6,020.75
14 $6,020.75 $447.63 $0.00 $34.04 $6,502.42
15 $6,502.42 $447.63 $0.00 $36.77 $6,986.82
16 $6,986.82 $447.63 $0.00 $39.50 $7,473.95
17 $7,473.95 $447.63 $0.00 $42.26 $7,963.84
18 $7,963.84 $447.63 $0.00 $45.03 $8,456.50
19 $8,456.50 $447.63 $0.00 $47.81 $8,951.94
20 $8,951.94 $447.63 $0.00 $50.62 $9,450.19
21 $9,450.19 $447.63 $0.00 $53.43 $9,951.25
22 $9,951.25 $447.63 $0.00 $56.27 $10,455.15
23 $10,455.15 $447.63 $0.00 $59.11 $10,961.89
24 $10,961.89 $447.63 $0.00 $61.98 $11,471.50
25 $11,471.50 $447.63 $0.00 $64.86 $11,983.99
26 $11,983.99 $447.63 $0.00 $67.76 $12,499.38
27 $12,499.38 $447.63 $0.00 $70.67 $13,017.68
28 $13,017.68 $447.63 $0.00 $73.60 $13,538.91
29 $13,538.91 $447.63 $0.00 $76.55 $14,063.09
30 $14,063.09 $447.63 $0.00 $79.51 $14,590.23
31 $14,590.23 $447.63 $0.00 $82.50 $15,120.36
32 $15,120.36 $447.63 $0.00 $85.49 $15,653.48
33 $15,653.48 $447.63 $0.00 $88.51 $16,189.62
34 $16,189.62 $447.63 $0.00 $91.54 $16,728.79
35 $16,728.79 $447.63 $0.00 $94.59 $17,271.01
36 $17,271.01 $447.63 $0.00 $97.65 $17,816.29
37 $17,816.29 $447.63 $0.00 $100.74 $18,364.66
38 $18,364.66 $447.63 $0.00 $103.84 $18,916.13
39 $18,916.13 $447.63 $0.00 $106.95 $19,470.71
40 $19,470.71 $447.63 $0.00 $110.09 $20,028.43
41 $20,028.43 $447.63 $0.00 $113.24 $20,589.30
42 $20,589.30 $447.63 $0.00 $116.41 $21,153.34
43 $21,153.34 $447.63 $0.00 $119.60 $21,720.57
44 $21,720.57 $447.63 $0.00 $122.81 $22,291.01
45 $22,291.01 $447.63 $0.00 $126.04 $22,864.68
46 $22,864.68 $447.63 $0.00 $129.28 $23,441.59
47 $23,441.59 $447.63 $0.00 $132.54 $24,021.76
48 $24,021.76 $447.63 $0.00 $135.82 $24,605.21
49 $24,605.21 $447.63 $0.00 $139.12 $25,191.96
50 $25,191.96 $447.63 $0.00 $142.44 $25,782.03
51 $25,782.03 $447.63 $0.00 $145.78 $26,375.44
52 $26,375.44 $447.63 $0.00 $149.13 $26,972.20
53 $26,972.20 $447.63 $0.00 $152.50 $27,572.33
54 $27,572.33 $447.63 $0.00 $155.90 $28,175.86
55 $28,175.86 $447.63 $0.00 $159.31 $28,782.80
56 $28,782.80 $447.63 $0.00 $162.74 $29,393.17
57 $29,393.17 $447.63 $0.00 $166.19 $30,006.99
58 $30,006.99 $447.63 $0.00 $169.66 $30,624.28
59 $30,624.28 $447.63 $0.00 $173.15 $31,245.06
60 $31,245.06 $447.63 $0.00 $176.66 $31,869.35
61 $31,869.35 $447.63 $0.00 $180.19 $32,497.17
62 $32,497.17 $447.63 $0.00 $183.74 $33,128.54
63 $33,128.54 $447.63 $0.00 $187.31 $33,763.48
64 $33,763.48 $447.63 $0.00 $190.90 $34,402.01
65 $34,402.01 $447.63 $0.00 $194.51 $35,044.15
66 $35,044.15 $447.63 $0.00 $198.14 $35,689.92
67 $35,689.92 $447.63 $0.00 $201.80 $36,339.35
68 $36,339.35 $447.63 $0.00 $205.47 $36,992.45
69 $36,992.45 $447.63 $0.00 $209.16 $37,649.24
70 $37,649.24 $447.63 $0.00 $212.87 $38,309.74
71 $38,309.74 $447.63 $0.00 $216.61 $38,973.98
72 $38,973.98 $447.63 $0.00 $220.36 $39,641.97
73 $39,641.97 $447.63 $0.00 $224.14 $40,313.74
74 $40,313.74 $447.63 $0.00 $227.94 $40,989.31
75 $40,989.31 $447.63 $0.00 $231.76 $41,668.70
76 $41,668.70 $447.63 $0.00 $235.60 $42,351.93
77 $42,351.93 $447.63 $0.00 $239.46 $43,039.02
78 $43,039.02 $447.63 $0.00 $243.35 $43,730.00
79 $43,730.00 $447.63 $0.00 $247.26 $44,424.89
80 $44,424.89 $447.63 $0.00 $251.18 $45,123.70
81 $45,123.70 $447.63 $0.00 $255.14 $45,826.47
82 $45,826.47 $447.63 $0.00 $259.11 $46,533.21
83 $46,533.21 $447.63 $0.00 $263.11 $47,243.95
84 $47,243.95 $447.63 $0.00 $267.12 $47,958.70
85 $47,958.70 $447.63 $0.00 $271.17 $48,677.50
86 $48,677.50 $447.63 $0.00 $275.23 $49,400.36
87 $49,400.36 $447.63 $0.00 $279.32 $50,127.31
88 $50,127.31 $447.63 $0.00 $283.43 $50,858.37
89 $50,858.37 $447.63 $0.00 $287.56 $51,593.56
90 $51,593.56 $447.63 $0.00 $291.72 $52,332.91
91 $52,332.91 $447.63 $0.00 $295.90 $53,076.44
92 $53,076.44 $447.63 $0.00 $300.10 $53,824.17
93 $53,824.17 $447.63 $0.00 $304.33 $54,576.13
94 $54,576.13 $447.63 $0.00 $308.58 $55,332.34
95 $55,332.34 $447.63 $0.00 $312.86 $56,092.83
96 $56,092.83 $447.63 $0.00 $317.16 $56,857.62
97 $56,857.62 $447.63 $0.00 $321.48 $57,626.73
98 $57,626.73 $447.63 $0.00 $325.83 $58,400.19
99 $58,400.19 $447.63 $0.00 $330.20 $59,178.02
100 $59,178.02 $447.63 $0.00 $334.60 $59,960.25
101 $59,960.25 $447.63 $0.00 $339.02 $60,746.90
102 $60,746.90 $447.63 $0.00 $343.47 $61,538.00
103 $61,538.00 $447.63 $0.00 $347.94 $62,333.57
104 $62,333.57 $447.63 $0.00 $352.44 $63,133.64
105 $63,133.64 $447.63 $0.00 $356.97 $63,938.24
106 $63,938.24 $447.63 $0.00 $361.52 $64,747.39
107 $64,747.39 $447.63 $0.00 $366.09 $65,561.11
108 $65,561.11 $447.63 $0.00 $370.69 $66,379.43
109 $66,379.43 $447.63 $0.00 $375.32 $67,202.38
110 $67,202.38 $447.63 $0.00 $379.97 $68,029.98
111 $68,029.98 $447.63 $0.00 $384.65 $68,862.26
112 $68,862.26 $447.63 $0.00 $389.36 $69,699.25
113 $69,699.25 $447.63 $0.00 $394.09 $70,540.97
114 $70,540.97 $447.63 $0.00 $398.85 $71,387.45
115 $71,387.45 $447.63 $0.00 $403.64 $72,238.72
116 $72,238.72 $447.63 $0.00 $408.45 $73,094.80
117 $73,094.80 $447.63 $0.00 $413.29 $73,955.72
118 $73,955.72 $447.63 $0.00 $418.16 $74,821.51
119 $74,821.51 $447.63 $0.00 $423.05 $75,692.19
120 $75,692.19 $447.63 $0.00 $427.97 $76,567.79
121 $76,567.79 $447.63 $0.00 $432.93 $77,448.35
122 $77,448.35 $447.63 $0.00 $437.90 $78,333.88
123 $78,333.88 $447.63 $0.00 $442.91 $79,224.42
124 $79,224.42 $447.63 $0.00 $447.95 $80,120.00
125 $80,120.00 $447.63 $0.00 $453.01 $81,020.64
126 $81,020.64 $447.63 $0.00 $458.10 $81,926.37
127 $81,926.37 $447.63 $0.00 $463.22 $82,837.22
128 $82,837.22 $447.63 $0.00 $468.37 $83,753.22
129 $83,753.22 $447.63 $0.00 $473.55 $84,674.40
130 $84,674.40 $447.63 $0.00 $478.76 $85,600.79
131 $85,600.79 $447.63 $0.00 $484.00 $86,532.42
132 $86,532.42 $447.63 $0.00 $489.27 $87,469.32
133 $87,469.32 $447.63 $0.00 $494.56 $88,411.51
134 $88,411.51 $447.63 $0.00 $499.89 $89,359.03
135 $89,359.03 $447.63 $0.00 $505.25 $90,311.91
136 $90,311.91 $447.63 $0.00 $510.64 $91,270.18
137 $91,270.18 $447.63 $0.00 $516.05 $92,233.86
138 $92,233.86 $447.63 $0.00 $521.50 $93,202.99
139 $93,202.99 $447.63 $0.00 $526.98 $94,177.60
140 $94,177.60 $447.63 $0.00 $532.49 $95,157.72
141 $95,157.72 $447.63 $0.00 $538.04 $96,143.39
142 $96,143.39 $447.63 $0.00 $543.61 $97,134.63
143 $97,134.63 $447.63 $0.00 $549.21 $98,131.47
144 $98,131.47 $447.63 $0.00 $554.85 $99,133.95
145 $99,133.95 $447.63 $0.00 $560.52 $100,142.10
146 $100,142.10 $447.63 $0.00 $566.22 $101,155.95
147 $101,155.95 $447.63 $0.00 $571.95 $102,175.53
148 $102,175.53 $447.63 $0.00 $577.72 $103,200.88
149 $103,200.88 $447.63 $0.00 $583.51 $104,232.02
150 $104,232.02 $447.63 $0.00 $589.34 $105,268.99
151 $105,268.99 $447.63 $0.00 $595.21 $106,311.83
152 $106,311.83 $447.63 $0.00 $601.10 $107,360.56
153 $107,360.56 $447.63 $0.00 $607.03 $108,415.22
154 $108,415.22 $447.63 $0.00 $613.00 $109,475.85
155 $109,475.85 $447.63 $0.00 $618.99 $110,542.47
156 $110,542.47 $447.63 $0.00 $625.02 $111,615.12
157 $111,615.12 $447.63 $0.00 $631.09 $112,693.84
158 $112,693.84 $447.63 $0.00 $637.19 $113,778.66
159 $113,778.66 $447.63 $0.00 $643.32 $114,869.61
160 $114,869.61 $447.63 $0.00 $649.49 $115,966.73
161 $115,966.73 $447.63 $0.00 $655.69 $117,070.05
162 $117,070.05 $447.63 $0.00 $661.93 $118,179.61
163 $118,179.61 $447.63 $0.00 $668.20 $119,295.44
164 $119,295.44 $447.63 $0.00 $674.51 $120,417.58
165 $120,417.58 $447.63 $0.00 $680.86 $121,546.07
166 $121,546.07 $447.63 $0.00 $687.24 $122,680.94
167 $122,680.94 $447.63 $0.00 $693.66 $123,822.23
168 $123,822.23 $447.63 $0.00 $700.11 $124,969.97
169 $124,969.97 $447.63 $0.00 $706.60 $126,124.20
170 $126,124.20 $447.63 $0.00 $713.12 $127,284.95
171 $127,284.95 $447.63 $0.00 $719.69 $128,452.27
172 $128,452.27 $447.63 $0.00 $726.29 $129,626.19
173 $129,626.19 $447.63 $0.00 $732.93 $130,806.75
174 $130,806.75 $447.63 $0.00 $739.60 $131,993.98
175 $131,993.98 $447.63 $0.00 $746.31 $133,187.92
176 $133,187.92 $447.63 $0.00 $753.06 $134,388.61
177 $134,388.61 $447.63 $0.00 $759.85 $135,596.09
178 $135,596.09 $447.63 $0.00 $766.68 $136,810.40
179 $136,810.40 $447.63 $0.00 $773.55 $138,031.58
180 $138,031.58 $447.63 $0.00 $780.45 $139,259.66
181 $139,259.66 $447.63 $0.00 $787.39 $140,494.68
182 $140,494.68 $447.63 $0.00 $794.38 $141,736.69
183 $141,736.69 $447.63 $0.00 $801.40 $142,985.72
184 $142,985.72 $447.63 $0.00 $808.46 $144,241.81
185 $144,241.81 $447.63 $0.00 $815.56 $145,505.00
186 $145,505.00 $447.63 $0.00 $822.71 $146,775.34
187 $146,775.34 $447.63 $0.00 $829.89 $148,052.86
188 $148,052.86 $447.63 $0.00 $837.11 $149,337.60
189 $149,337.60 $447.63 $0.00 $844.38 $150,629.61
190 $150,629.61 $447.63 $0.00 $851.68 $151,928.92
191 $151,928.92 $447.63 $0.00 $859.03 $153,235.58
192 $153,235.58 $447.63 $0.00 $866.42 $154,549.63
193 $154,549.63 $447.63 $0.00 $873.85 $155,871.11
194 $155,871.11 $447.63 $0.00 $881.32 $157,200.06
195 $157,200.06 $447.63 $0.00 $888.83 $158,536.52
196 $158,536.52 $447.63 $0.00 $896.39 $159,880.54
197 $159,880.54 $447.63 $0.00 $903.99 $161,232.16
198 $161,232.16 $447.63 $0.00 $911.63 $162,591.42
199 $162,591.42 $447.63 $0.00 $919.32 $163,958.37
200 $163,958.37 $447.63 $0.00 $927.04 $165,333.04
201 $165,333.04 $447.63 $0.00 $934.82 $166,715.49
202 $166,715.49 $447.63 $0.00 $942.63 $168,105.75
203 $168,105.75 $447.63 $0.00 $950.49 $169,503.87
204 $169,503.87 $447.63 $0.00 $958.40 $170,909.90
205 $170,909.90 $447.63 $0.00 $966.35 $172,323.88
206 $172,323.88 $447.63 $0.00 $974.34 $173,745.85
207 $173,745.85 $447.63 $0.00 $982.38 $175,175.86
208 $175,175.86 $447.63 $0.00 $990.47 $176,613.96
209 $176,613.96 $447.63 $0.00 $998.60 $178,060.19
210 $178,060.19 $447.63 $0.00 $1,006.78 $179,514.60
211 $179,514.60 $447.63 $0.00 $1,015.00 $180,977.23
212 $180,977.23 $447.63 $0.00 $1,023.27 $182,448.13
213 $182,448.13 $447.63 $0.00 $1,031.59 $183,927.35
214 $183,927.35 $447.63 $0.00 $1,039.95 $185,414.93
215 $185,414.93 $447.63 $0.00 $1,048.36 $186,910.92
216 $186,910.92 $447.63 $0.00 $1,056.82 $188,415.37
217 $188,415.37 $447.63 $52,478.74 $1,065.33 $137,449.59
218 $137,449.59 $447.63 $0.00 $777.16 $138,674.38
219 $138,674.38 $447.63 $0.00 $784.09 $139,906.10
220 $139,906.10 $447.63 $0.00 $791.05 $141,144.78
221 $141,144.78 $447.63 $0.00 $798.05 $142,390.46
222 $142,390.46 $447.63 $0.00 $805.10 $143,643.19
223 $143,643.19 $447.63 $0.00 $812.18 $144,903.00
224 $144,903.00 $447.63 $0.00 $819.30 $146,169.93
225 $146,169.93 $447.63 $0.00 $826.47 $147,444.03
226 $147,444.03 $447.63 $0.00 $833.67 $148,725.33
227 $148,725.33 $447.63 $0.00 $840.91 $150,013.87
228 $150,013.87 $447.63 $0.00 $848.20 $151,309.70
229 $151,309.70 $447.63 $55,102.68 $855.53 $97,510.18
230 $97,510.18 $447.63 $0.00 $551.34 $98,509.15
231 $98,509.15 $447.63 $0.00 $556.99 $99,513.77
232 $99,513.77 $447.63 $0.00 $562.67 $100,524.07
233 $100,524.07 $447.63 $0.00 $568.38 $101,540.08
234 $101,540.08 $447.63 $0.00 $574.12 $102,561.83
235 $102,561.83 $447.63 $0.00 $579.90 $103,589.36
236 $103,589.36 $447.63 $0.00 $585.71 $104,622.70
237 $104,622.70 $447.63 $0.00 $591.55 $105,661.88
238 $105,661.88 $447.63 $0.00 $597.43 $106,706.94
239 $106,706.94 $447.63 $0.00 $603.34 $107,757.91
240 $107,757.91 $447.63 $0.00 $609.28 $108,814.82
241 $108,814.82 $447.63 $57,857.81 $615.25 $52,019.89
242 $52,019.89 $447.63 $0.00 $294.13 $52,761.65
243 $52,761.65 $447.63 $0.00 $298.32 $53,507.60
244 $53,507.60 $447.63 $0.00 $302.54 $54,257.77
245 $54,257.77 $447.63 $0.00 $306.78 $55,012.18
246 $55,012.18 $447.63 $0.00 $311.05 $55,770.86
247 $55,770.86 $447.63 $0.00 $315.34 $56,533.83
248 $56,533.83 $447.63 $0.00 $319.65 $57,301.11
249 $57,301.11 $447.63 $0.00 $323.99 $58,072.73
250 $58,072.73 $447.63 $0.00 $328.35 $58,848.71
251 $58,848.71 $447.63 $0.00 $332.74 $59,629.08
252 $59,629.08 $447.63 $0.00 $337.15 $60,413.86
253 $60,413.86 $0.00 $60,750.70 $341.59 $4.75