Savings Plan and Future Cost Estimation for University of Utah

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$100,095
Monthly savings required$791

How much will it cost to send your child to University of Utah in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $400,378.93 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $791.07 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$26,680.00
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 $791.07 $0.00 $0.00 $791.07
2 $791.07 $791.07 $0.00 $4.47 $1,586.61
3 $1,586.61 $791.07 $0.00 $8.97 $2,386.65
4 $2,386.65 $791.07 $0.00 $13.49 $3,191.21
5 $3,191.21 $791.07 $0.00 $18.04 $4,000.32
6 $4,000.32 $791.07 $0.00 $22.62 $4,814.01
7 $4,814.01 $791.07 $0.00 $27.22 $5,632.30
8 $5,632.30 $791.07 $0.00 $31.85 $6,455.22
9 $6,455.22 $791.07 $0.00 $36.50 $7,282.79
10 $7,282.79 $791.07 $0.00 $41.18 $8,115.04
11 $8,115.04 $791.07 $0.00 $45.88 $8,951.99
12 $8,951.99 $791.07 $0.00 $50.62 $9,793.68
13 $9,793.68 $791.07 $0.00 $55.37 $10,640.12
14 $10,640.12 $791.07 $0.00 $60.16 $11,491.35
15 $11,491.35 $791.07 $0.00 $64.97 $12,347.39
16 $12,347.39 $791.07 $0.00 $69.81 $13,208.27
17 $13,208.27 $791.07 $0.00 $74.68 $14,074.02
18 $14,074.02 $791.07 $0.00 $79.58 $14,944.67
19 $14,944.67 $791.07 $0.00 $84.50 $15,820.24
20 $15,820.24 $791.07 $0.00 $89.45 $16,700.76
21 $16,700.76 $791.07 $0.00 $94.43 $17,586.26
22 $17,586.26 $791.07 $0.00 $99.44 $18,476.77
23 $18,476.77 $791.07 $0.00 $104.47 $19,372.31
24 $19,372.31 $791.07 $0.00 $109.53 $20,272.91
25 $20,272.91 $791.07 $0.00 $114.63 $21,178.61
26 $21,178.61 $791.07 $0.00 $119.75 $22,089.43
27 $22,089.43 $791.07 $0.00 $124.90 $23,005.40
28 $23,005.40 $791.07 $0.00 $130.08 $23,926.55
29 $23,926.55 $791.07 $0.00 $135.28 $24,852.90
30 $24,852.90 $791.07 $0.00 $140.52 $25,784.49
31 $25,784.49 $791.07 $0.00 $145.79 $26,721.35
32 $26,721.35 $791.07 $0.00 $151.09 $27,663.51
33 $27,663.51 $791.07 $0.00 $156.41 $28,610.99
34 $28,610.99 $791.07 $0.00 $161.77 $29,563.83
35 $29,563.83 $791.07 $0.00 $167.16 $30,522.06
36 $30,522.06 $791.07 $0.00 $172.58 $31,485.71
37 $31,485.71 $791.07 $0.00 $178.02 $32,454.80
38 $32,454.80 $791.07 $0.00 $183.50 $33,429.37
39 $33,429.37 $791.07 $0.00 $189.01 $34,409.45
40 $34,409.45 $791.07 $0.00 $194.56 $35,395.08
41 $35,395.08 $791.07 $0.00 $200.13 $36,386.28
42 $36,386.28 $791.07 $0.00 $205.73 $37,383.08
43 $37,383.08 $791.07 $0.00 $211.37 $38,385.52
44 $38,385.52 $791.07 $0.00 $217.04 $39,393.63
45 $39,393.63 $791.07 $0.00 $222.74 $40,407.44
46 $40,407.44 $791.07 $0.00 $228.47 $41,426.98
47 $41,426.98 $791.07 $0.00 $234.23 $42,452.28
48 $42,452.28 $791.07 $0.00 $240.03 $43,483.38
49 $43,483.38 $791.07 $0.00 $245.86 $44,520.31
50 $44,520.31 $791.07 $0.00 $251.72 $45,563.10
51 $45,563.10 $791.07 $0.00 $257.62 $46,611.79
52 $46,611.79 $791.07 $0.00 $263.55 $47,666.41
53 $47,666.41 $791.07 $0.00 $269.51 $48,726.99
54 $48,726.99 $791.07 $0.00 $275.51 $49,793.57
55 $49,793.57 $791.07 $0.00 $281.54 $50,866.18
56 $50,866.18 $791.07 $0.00 $287.60 $51,944.85
57 $51,944.85 $791.07 $0.00 $293.70 $53,029.62
58 $53,029.62 $791.07 $0.00 $299.84 $54,120.53
59 $54,120.53 $791.07 $0.00 $306.01 $55,217.61
60 $55,217.61 $791.07 $0.00 $312.21 $56,320.89
61 $56,320.89 $791.07 $0.00 $318.45 $57,430.41
62 $57,430.41 $791.07 $0.00 $324.72 $58,546.20
63 $58,546.20 $791.07 $0.00 $331.03 $59,668.30
64 $59,668.30 $791.07 $0.00 $337.37 $60,796.74
65 $60,796.74 $791.07 $0.00 $343.75 $61,931.56
66 $61,931.56 $791.07 $0.00 $350.17 $63,072.80
67 $63,072.80 $791.07 $0.00 $356.62 $64,220.49
68 $64,220.49 $791.07 $0.00 $363.11 $65,374.67
69 $65,374.67 $791.07 $0.00 $369.64 $66,535.38
70 $66,535.38 $791.07 $0.00 $376.20 $67,702.65
71 $67,702.65 $791.07 $0.00 $382.80 $68,876.52
72 $68,876.52 $791.07 $0.00 $389.44 $70,057.03
73 $70,057.03 $791.07 $0.00 $396.11 $71,244.21
74 $71,244.21 $791.07 $0.00 $402.83 $72,438.11
75 $72,438.11 $791.07 $0.00 $409.58 $73,638.76
76 $73,638.76 $791.07 $0.00 $416.36 $74,846.19
77 $74,846.19 $791.07 $0.00 $423.19 $76,060.45
78 $76,060.45 $791.07 $0.00 $430.06 $77,281.58
79 $77,281.58 $791.07 $0.00 $436.96 $78,509.61
80 $78,509.61 $791.07 $0.00 $443.90 $79,744.58
81 $79,744.58 $791.07 $0.00 $450.89 $80,986.54
82 $80,986.54 $791.07 $0.00 $457.91 $82,235.52
83 $82,235.52 $791.07 $0.00 $464.97 $83,491.56
84 $83,491.56 $791.07 $0.00 $472.07 $84,754.70
85 $84,754.70 $791.07 $0.00 $479.22 $86,024.99
86 $86,024.99 $791.07 $0.00 $486.40 $87,302.46
87 $87,302.46 $791.07 $0.00 $493.62 $88,587.15
88 $88,587.15 $791.07 $0.00 $500.88 $89,879.10
89 $89,879.10 $791.07 $0.00 $508.19 $91,178.36
90 $91,178.36 $791.07 $0.00 $515.54 $92,484.97
91 $92,484.97 $791.07 $0.00 $522.92 $93,798.96
92 $93,798.96 $791.07 $0.00 $530.35 $95,120.38
93 $95,120.38 $791.07 $0.00 $537.82 $96,449.27
94 $96,449.27 $791.07 $0.00 $545.34 $97,785.68
95 $97,785.68 $791.07 $0.00 $552.89 $99,129.64
96 $99,129.64 $791.07 $0.00 $560.49 $100,481.20
97 $100,481.20 $791.07 $0.00 $568.14 $101,840.41
98 $101,840.41 $791.07 $0.00 $575.82 $103,207.30
99 $103,207.30 $791.07 $0.00 $583.55 $104,581.92
100 $104,581.92 $791.07 $0.00 $591.32 $105,964.31
101 $105,964.31 $791.07 $0.00 $599.14 $107,354.52
102 $107,354.52 $791.07 $0.00 $607.00 $108,752.59
103 $108,752.59 $791.07 $0.00 $614.90 $110,158.56
104 $110,158.56 $791.07 $0.00 $622.85 $111,572.48
105 $111,572.48 $791.07 $0.00 $630.85 $112,994.40
106 $112,994.40 $791.07 $0.00 $638.89 $114,424.36
107 $114,424.36 $791.07 $0.00 $646.97 $115,862.40
108 $115,862.40 $791.07 $0.00 $655.10 $117,308.57
109 $117,308.57 $791.07 $0.00 $663.28 $118,762.92
110 $118,762.92 $791.07 $0.00 $671.50 $120,225.49
111 $120,225.49 $791.07 $0.00 $679.77 $121,696.33
112 $121,696.33 $791.07 $0.00 $688.09 $123,175.49
113 $123,175.49 $791.07 $0.00 $696.45 $124,663.01
114 $124,663.01 $791.07 $0.00 $704.86 $126,158.94
115 $126,158.94 $791.07 $0.00 $713.32 $127,663.33
116 $127,663.33 $791.07 $0.00 $721.83 $129,176.23
117 $129,176.23 $791.07 $0.00 $730.38 $130,697.68
118 $130,697.68 $791.07 $0.00 $738.98 $132,227.73
119 $132,227.73 $791.07 $0.00 $747.63 $133,766.43
120 $133,766.43 $791.07 $0.00 $756.33 $135,313.83
121 $135,313.83 $791.07 $0.00 $765.08 $136,869.98
122 $136,869.98 $791.07 $0.00 $773.88 $138,434.93
123 $138,434.93 $791.07 $0.00 $782.73 $140,008.73
124 $140,008.73 $791.07 $0.00 $791.63 $141,591.43
125 $141,591.43 $791.07 $0.00 $800.58 $143,183.08
126 $143,183.08 $791.07 $0.00 $809.58 $144,783.73
127 $144,783.73 $791.07 $0.00 $818.63 $146,393.43
128 $146,393.43 $791.07 $0.00 $827.73 $148,012.23
129 $148,012.23 $791.07 $0.00 $836.88 $149,640.18
130 $149,640.18 $791.07 $0.00 $846.09 $151,277.34
131 $151,277.34 $791.07 $0.00 $855.34 $152,923.75
132 $152,923.75 $791.07 $0.00 $864.65 $154,579.47
133 $154,579.47 $791.07 $0.00 $874.01 $156,244.55
134 $156,244.55 $791.07 $0.00 $883.43 $157,919.05
135 $157,919.05 $791.07 $0.00 $892.90 $159,603.02
136 $159,603.02 $791.07 $0.00 $902.42 $161,296.51
137 $161,296.51 $791.07 $0.00 $911.99 $162,999.57
138 $162,999.57 $791.07 $0.00 $921.62 $164,712.26
139 $164,712.26 $791.07 $0.00 $931.31 $166,434.64
140 $166,434.64 $791.07 $0.00 $941.05 $168,166.76
141 $168,166.76 $791.07 $0.00 $950.84 $169,908.67
142 $169,908.67 $791.07 $0.00 $960.69 $171,660.43
143 $171,660.43 $791.07 $0.00 $970.59 $173,422.09
144 $173,422.09 $791.07 $0.00 $980.55 $175,193.71
145 $175,193.71 $791.07 $0.00 $990.57 $176,975.35
146 $176,975.35 $791.07 $0.00 $1,000.64 $178,767.06
147 $178,767.06 $791.07 $0.00 $1,010.77 $180,568.90
148 $180,568.90 $791.07 $0.00 $1,020.96 $182,380.93
149 $182,380.93 $791.07 $0.00 $1,031.21 $184,203.21
150 $184,203.21 $791.07 $0.00 $1,041.51 $186,035.79
151 $186,035.79 $791.07 $0.00 $1,051.87 $187,878.73
152 $187,878.73 $791.07 $0.00 $1,062.29 $189,732.09
153 $189,732.09 $791.07 $0.00 $1,072.77 $191,595.93
154 $191,595.93 $791.07 $0.00 $1,083.31 $193,470.31
155 $193,470.31 $791.07 $0.00 $1,093.91 $195,355.29
156 $195,355.29 $791.07 $0.00 $1,104.57 $197,250.93
157 $197,250.93 $791.07 $0.00 $1,115.29 $199,157.29
158 $199,157.29 $791.07 $0.00 $1,126.06 $201,074.42
159 $201,074.42 $791.07 $0.00 $1,136.90 $203,002.39
160 $203,002.39 $791.07 $0.00 $1,147.81 $204,941.27
161 $204,941.27 $791.07 $0.00 $1,158.77 $206,891.11
162 $206,891.11 $791.07 $0.00 $1,169.79 $208,851.97
163 $208,851.97 $791.07 $0.00 $1,180.88 $210,823.92
164 $210,823.92 $791.07 $0.00 $1,192.03 $212,807.02
165 $212,807.02 $791.07 $0.00 $1,203.24 $214,801.33
166 $214,801.33 $791.07 $0.00 $1,214.52 $216,806.92
167 $216,806.92 $791.07 $0.00 $1,225.86 $218,823.85
168 $218,823.85 $791.07 $0.00 $1,237.26 $220,852.18
169 $220,852.18 $791.07 $0.00 $1,248.73 $222,891.98
170 $222,891.98 $791.07 $0.00 $1,260.26 $224,943.31
171 $224,943.31 $791.07 $0.00 $1,271.86 $227,006.24
172 $227,006.24 $791.07 $0.00 $1,283.53 $229,080.84
173 $229,080.84 $791.07 $0.00 $1,295.26 $231,167.17
174 $231,167.17 $791.07 $0.00 $1,307.05 $233,265.29
175 $233,265.29 $791.07 $0.00 $1,318.92 $235,375.28
176 $235,375.28 $791.07 $0.00 $1,330.85 $237,497.20
177 $237,497.20 $791.07 $0.00 $1,342.84 $239,631.11
178 $239,631.11 $791.07 $0.00 $1,354.91 $241,777.09
179 $241,777.09 $791.07 $0.00 $1,367.04 $243,935.20
180 $243,935.20 $791.07 $0.00 $1,379.25 $246,105.52
181 $246,105.52 $791.07 $0.00 $1,391.52 $248,288.11
182 $248,288.11 $791.07 $0.00 $1,403.86 $250,483.04
183 $250,483.04 $791.07 $0.00 $1,416.27 $252,690.38
184 $252,690.38 $791.07 $0.00 $1,428.75 $254,910.20
185 $254,910.20 $791.07 $0.00 $1,441.30 $257,142.57
186 $257,142.57 $791.07 $0.00 $1,453.92 $259,387.56
187 $259,387.56 $791.07 $0.00 $1,466.61 $261,645.24
188 $261,645.24 $791.07 $0.00 $1,479.38 $263,915.69
189 $263,915.69 $791.07 $0.00 $1,492.22 $266,198.98
190 $266,198.98 $791.07 $0.00 $1,505.13 $268,495.18
191 $268,495.18 $791.07 $0.00 $1,518.11 $270,804.36
192 $270,804.36 $791.07 $0.00 $1,531.17 $273,126.60
193 $273,126.60 $791.07 $0.00 $1,544.30 $275,461.97
194 $275,461.97 $791.07 $0.00 $1,557.50 $277,810.54
195 $277,810.54 $791.07 $0.00 $1,570.78 $280,172.39
196 $280,172.39 $791.07 $0.00 $1,584.14 $282,547.60
197 $282,547.60 $791.07 $0.00 $1,597.57 $284,936.24
198 $284,936.24 $791.07 $0.00 $1,611.07 $287,338.38
199 $287,338.38 $791.07 $0.00 $1,624.65 $289,754.10
200 $289,754.10 $791.07 $0.00 $1,638.31 $292,183.48
201 $292,183.48 $791.07 $0.00 $1,652.05 $294,626.60
202 $294,626.60 $791.07 $0.00 $1,665.86 $297,083.53
203 $297,083.53 $791.07 $0.00 $1,679.75 $299,554.35
204 $299,554.35 $791.07 $0.00 $1,693.72 $302,039.14
205 $302,039.14 $791.07 $0.00 $1,707.77 $304,537.98
206 $304,537.98 $791.07 $0.00 $1,721.90 $307,050.95
207 $307,050.95 $791.07 $0.00 $1,736.11 $309,578.13
208 $309,578.13 $791.07 $0.00 $1,750.40 $312,119.60
209 $312,119.60 $791.07 $0.00 $1,764.77 $314,675.44
210 $314,675.44 $791.07 $0.00 $1,779.22 $317,245.73
211 $317,245.73 $791.07 $0.00 $1,793.75 $319,830.55
212 $319,830.55 $791.07 $0.00 $1,808.37 $322,429.99
213 $322,429.99 $791.07 $0.00 $1,823.07 $325,044.13
214 $325,044.13 $791.07 $0.00 $1,837.85 $327,673.05
215 $327,673.05 $791.07 $0.00 $1,852.71 $330,316.83
216 $330,316.83 $791.07 $0.00 $1,867.66 $332,975.56
217 $332,975.56 $791.07 $90,176.59 $1,882.69 $245,472.73
218 $245,472.73 $791.07 $0.00 $1,387.94 $247,651.74
219 $247,651.74 $791.07 $0.00 $1,400.26 $249,843.07
220 $249,843.07 $791.07 $0.00 $1,412.65 $252,046.79
221 $252,046.79 $791.07 $0.00 $1,425.11 $254,262.97
222 $254,262.97 $791.07 $0.00 $1,437.64 $256,491.68
223 $256,491.68 $791.07 $0.00 $1,450.24 $258,732.99
224 $258,732.99 $791.07 $0.00 $1,462.91 $260,986.97
225 $260,986.97 $791.07 $0.00 $1,475.66 $263,253.70
226 $263,253.70 $791.07 $0.00 $1,488.47 $265,533.24
227 $265,533.24 $791.07 $0.00 $1,501.36 $267,825.67
228 $267,825.67 $791.07 $0.00 $1,514.33 $270,131.07
229 $270,131.07 $791.07 $96,488.95 $1,527.36 $175,960.55
230 $175,960.55 $791.07 $0.00 $994.91 $177,746.53
231 $177,746.53 $791.07 $0.00 $1,005.00 $179,542.60
232 $179,542.60 $791.07 $0.00 $1,015.16 $181,348.83
233 $181,348.83 $791.07 $0.00 $1,025.37 $183,165.27
234 $183,165.27 $791.07 $0.00 $1,035.64 $184,991.98
235 $184,991.98 $791.07 $0.00 $1,045.97 $186,829.02
236 $186,829.02 $791.07 $0.00 $1,056.36 $188,676.45
237 $188,676.45 $791.07 $0.00 $1,066.80 $190,534.32
238 $190,534.32 $791.07 $0.00 $1,077.31 $192,402.70
239 $192,402.70 $791.07 $0.00 $1,087.87 $194,281.64
240 $194,281.64 $791.07 $0.00 $1,098.50 $196,171.21
241 $196,171.21 $791.07 $103,243.18 $1,109.18 $94,828.28
242 $94,828.28 $791.07 $0.00 $536.17 $96,155.52
243 $96,155.52 $791.07 $0.00 $543.68 $97,490.27
244 $97,490.27 $791.07 $0.00 $551.22 $98,832.56
245 $98,832.56 $791.07 $0.00 $558.81 $100,182.44
246 $100,182.44 $791.07 $0.00 $566.45 $101,539.96
247 $101,539.96 $791.07 $0.00 $574.12 $102,905.15
248 $102,905.15 $791.07 $0.00 $581.84 $104,278.06
249 $104,278.06 $791.07 $0.00 $589.60 $105,658.73
250 $105,658.73 $791.07 $0.00 $597.41 $107,047.21
251 $107,047.21 $791.07 $0.00 $605.26 $108,443.54
252 $108,443.54 $791.07 $0.00 $613.16 $109,847.77
253 $109,847.77 $0.00 $110,470.20 $621.10 -$1.33