Quantcast

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$74,233
Monthly savings required$588

How much will it cost to send your child to University of Mary Washington in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $296,932.62 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $587.62 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$28,626.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford University of Mary Washington in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $587.62 $0.00 $0.00 $587.62
2 $587.62 $587.62 $0.00 $3.32 $1,178.56
3 $1,178.56 $587.62 $0.00 $6.66 $1,772.84
4 $1,772.84 $587.62 $0.00 $10.02 $2,370.48
5 $2,370.48 $587.62 $0.00 $13.40 $2,971.50
6 $2,971.50 $587.62 $0.00 $16.80 $3,575.92
7 $3,575.92 $587.62 $0.00 $20.22 $4,183.76
8 $4,183.76 $587.62 $0.00 $23.66 $4,795.04
9 $4,795.04 $587.62 $0.00 $27.11 $5,409.77
10 $5,409.77 $587.62 $0.00 $30.59 $6,027.98
11 $6,027.98 $587.62 $0.00 $34.08 $6,649.68
12 $6,649.68 $587.62 $0.00 $37.60 $7,274.90
13 $7,274.90 $587.62 $0.00 $41.13 $7,903.65
14 $7,903.65 $587.62 $0.00 $44.69 $8,535.96
15 $8,535.96 $587.62 $0.00 $48.26 $9,171.84
16 $9,171.84 $587.62 $0.00 $51.86 $9,811.32
17 $9,811.32 $587.62 $0.00 $55.47 $10,454.41
18 $10,454.41 $587.62 $0.00 $59.11 $11,101.14
19 $11,101.14 $587.62 $0.00 $62.77 $11,751.53
20 $11,751.53 $587.62 $0.00 $66.44 $12,405.59
21 $12,405.59 $587.62 $0.00 $70.14 $13,063.35
22 $13,063.35 $587.62 $0.00 $73.86 $13,724.83
23 $13,724.83 $587.62 $0.00 $77.60 $14,390.05
24 $14,390.05 $587.62 $0.00 $81.36 $15,059.03
25 $15,059.03 $587.62 $0.00 $85.15 $15,731.80
26 $15,731.80 $587.62 $0.00 $88.95 $16,408.37
27 $16,408.37 $587.62 $0.00 $92.78 $17,088.77
28 $17,088.77 $587.62 $0.00 $96.62 $17,773.01
29 $17,773.01 $587.62 $0.00 $100.49 $18,461.12
30 $18,461.12 $587.62 $0.00 $104.38 $19,153.12
31 $19,153.12 $587.62 $0.00 $108.29 $19,849.03
32 $19,849.03 $587.62 $0.00 $112.23 $20,548.88
33 $20,548.88 $587.62 $0.00 $116.19 $21,252.69
34 $21,252.69 $587.62 $0.00 $120.17 $21,960.48
35 $21,960.48 $587.62 $0.00 $124.17 $22,672.27
36 $22,672.27 $587.62 $0.00 $128.19 $23,388.08
37 $23,388.08 $587.62 $0.00 $132.24 $24,107.94
38 $24,107.94 $587.62 $0.00 $136.31 $24,831.87
39 $24,831.87 $587.62 $0.00 $140.40 $25,559.89
40 $25,559.89 $587.62 $0.00 $144.52 $26,292.03
41 $26,292.03 $587.62 $0.00 $148.66 $27,028.31
42 $27,028.31 $587.62 $0.00 $152.82 $27,768.75
43 $27,768.75 $587.62 $0.00 $157.01 $28,513.38
44 $28,513.38 $587.62 $0.00 $161.22 $29,262.22
45 $29,262.22 $587.62 $0.00 $165.45 $30,015.29
46 $30,015.29 $587.62 $0.00 $169.71 $30,772.62
47 $30,772.62 $587.62 $0.00 $173.99 $31,534.23
48 $31,534.23 $587.62 $0.00 $178.30 $32,300.15
49 $32,300.15 $587.62 $0.00 $182.63 $33,070.40
50 $33,070.40 $587.62 $0.00 $186.98 $33,845.00
51 $33,845.00 $587.62 $0.00 $191.36 $34,623.98
52 $34,623.98 $587.62 $0.00 $195.77 $35,407.37
53 $35,407.37 $587.62 $0.00 $200.20 $36,195.19
54 $36,195.19 $587.62 $0.00 $204.65 $36,987.46
55 $36,987.46 $587.62 $0.00 $209.13 $37,784.21
56 $37,784.21 $587.62 $0.00 $213.64 $38,585.47
57 $38,585.47 $587.62 $0.00 $218.17 $39,391.26
58 $39,391.26 $587.62 $0.00 $222.72 $40,201.60
59 $40,201.60 $587.62 $0.00 $227.31 $41,016.53
60 $41,016.53 $587.62 $0.00 $231.91 $41,836.06
61 $41,836.06 $587.62 $0.00 $236.55 $42,660.23
62 $42,660.23 $587.62 $0.00 $241.21 $43,489.06
63 $43,489.06 $587.62 $0.00 $245.89 $44,322.57
64 $44,322.57 $587.62 $0.00 $250.61 $45,160.80
65 $45,160.80 $587.62 $0.00 $255.35 $46,003.77
66 $46,003.77 $587.62 $0.00 $260.11 $46,851.50
67 $46,851.50 $587.62 $0.00 $264.91 $47,704.03
68 $47,704.03 $587.62 $0.00 $269.73 $48,561.38
69 $48,561.38 $587.62 $0.00 $274.57 $49,423.57
70 $49,423.57 $587.62 $0.00 $279.45 $50,290.64
71 $50,290.64 $587.62 $0.00 $284.35 $51,162.61
72 $51,162.61 $587.62 $0.00 $289.28 $52,039.51
73 $52,039.51 $587.62 $0.00 $294.24 $52,921.37
74 $52,921.37 $587.62 $0.00 $299.23 $53,808.22
75 $53,808.22 $587.62 $0.00 $304.24 $54,700.08
76 $54,700.08 $587.62 $0.00 $309.28 $55,596.98
77 $55,596.98 $587.62 $0.00 $314.35 $56,498.95
78 $56,498.95 $587.62 $0.00 $319.45 $57,406.02
79 $57,406.02 $587.62 $0.00 $324.58 $58,318.22
80 $58,318.22 $587.62 $0.00 $329.74 $59,235.58
81 $59,235.58 $587.62 $0.00 $334.93 $60,158.13
82 $60,158.13 $587.62 $0.00 $340.14 $61,085.89
83 $61,085.89 $587.62 $0.00 $345.39 $62,018.90
84 $62,018.90 $587.62 $0.00 $350.66 $62,957.18
85 $62,957.18 $587.62 $0.00 $355.97 $63,900.77
86 $63,900.77 $587.62 $0.00 $361.30 $64,849.69
87 $64,849.69 $587.62 $0.00 $366.67 $65,803.98
88 $65,803.98 $587.62 $0.00 $372.07 $66,763.67
89 $66,763.67 $587.62 $0.00 $377.49 $67,728.78
90 $67,728.78 $587.62 $0.00 $382.95 $68,699.35
91 $68,699.35 $587.62 $0.00 $388.44 $69,675.41
92 $69,675.41 $587.62 $0.00 $393.95 $70,656.98
93 $70,656.98 $587.62 $0.00 $399.50 $71,644.10
94 $71,644.10 $587.62 $0.00 $405.09 $72,636.81
95 $72,636.81 $587.62 $0.00 $410.70 $73,635.13
96 $73,635.13 $587.62 $0.00 $416.34 $74,639.09
97 $74,639.09 $587.62 $0.00 $422.02 $75,648.73
98 $75,648.73 $587.62 $0.00 $427.73 $76,664.08
99 $76,664.08 $587.62 $0.00 $433.47 $77,685.17
100 $77,685.17 $587.62 $0.00 $439.24 $78,712.03
101 $78,712.03 $587.62 $0.00 $445.05 $79,744.70
102 $79,744.70 $587.62 $0.00 $450.89 $80,783.21
103 $80,783.21 $587.62 $0.00 $456.76 $81,827.59
104 $81,827.59 $587.62 $0.00 $462.67 $82,877.88
105 $82,877.88 $587.62 $0.00 $468.60 $83,934.10
106 $83,934.10 $587.62 $0.00 $474.58 $84,996.30
107 $84,996.30 $587.62 $0.00 $480.58 $86,064.50
108 $86,064.50 $587.62 $0.00 $486.62 $87,138.74
109 $87,138.74 $587.62 $0.00 $492.70 $88,219.06
110 $88,219.06 $587.62 $0.00 $498.80 $89,305.48
111 $89,305.48 $587.62 $0.00 $504.95 $90,398.05
112 $90,398.05 $587.62 $0.00 $511.12 $91,496.79
113 $91,496.79 $587.62 $0.00 $517.34 $92,601.75
114 $92,601.75 $587.62 $0.00 $523.58 $93,712.95
115 $93,712.95 $587.62 $0.00 $529.87 $94,830.44
116 $94,830.44 $587.62 $0.00 $536.19 $95,954.25
117 $95,954.25 $587.62 $0.00 $542.54 $97,084.41
118 $97,084.41 $587.62 $0.00 $548.93 $98,220.96
119 $98,220.96 $587.62 $0.00 $555.36 $99,363.94
120 $99,363.94 $587.62 $0.00 $561.82 $100,513.38
121 $100,513.38 $587.62 $0.00 $568.32 $101,669.32
122 $101,669.32 $587.62 $0.00 $574.85 $102,831.79
123 $102,831.79 $587.62 $0.00 $581.43 $104,000.84
124 $104,000.84 $587.62 $0.00 $588.04 $105,176.50
125 $105,176.50 $587.62 $0.00 $594.68 $106,358.80
126 $106,358.80 $587.62 $0.00 $601.37 $107,547.79
127 $107,547.79 $587.62 $0.00 $608.09 $108,743.50
128 $108,743.50 $587.62 $0.00 $614.85 $109,945.97
129 $109,945.97 $587.62 $0.00 $621.65 $111,155.24
130 $111,155.24 $587.62 $0.00 $628.49 $112,371.35
131 $112,371.35 $587.62 $0.00 $635.36 $113,594.33
132 $113,594.33 $587.62 $0.00 $642.28 $114,824.23
133 $114,824.23 $587.62 $0.00 $649.23 $116,061.08
134 $116,061.08 $587.62 $0.00 $656.23 $117,304.93
135 $117,304.93 $587.62 $0.00 $663.26 $118,555.81
136 $118,555.81 $587.62 $0.00 $670.33 $119,813.76
137 $119,813.76 $587.62 $0.00 $677.44 $121,078.82
138 $121,078.82 $587.62 $0.00 $684.60 $122,351.04
139 $122,351.04 $587.62 $0.00 $691.79 $123,630.45
140 $123,630.45 $587.62 $0.00 $699.02 $124,917.09
141 $124,917.09 $587.62 $0.00 $706.30 $126,211.01
142 $126,211.01 $587.62 $0.00 $713.62 $127,512.25
143 $127,512.25 $587.62 $0.00 $720.97 $128,820.84
144 $128,820.84 $587.62 $0.00 $728.37 $130,136.83
145 $130,136.83 $587.62 $0.00 $735.81 $131,460.26
146 $131,460.26 $587.62 $0.00 $743.30 $132,791.18
147 $132,791.18 $587.62 $0.00 $750.82 $134,129.62
148 $134,129.62 $587.62 $0.00 $758.39 $135,475.63
149 $135,475.63 $587.62 $0.00 $766.00 $136,829.25
150 $136,829.25 $587.62 $0.00 $773.65 $138,190.52
151 $138,190.52 $587.62 $0.00 $781.35 $139,559.49
152 $139,559.49 $587.62 $0.00 $789.09 $140,936.20
153 $140,936.20 $587.62 $0.00 $796.87 $142,320.69
154 $142,320.69 $587.62 $0.00 $804.70 $143,713.01
155 $143,713.01 $587.62 $0.00 $812.57 $145,113.20
156 $145,113.20 $587.62 $0.00 $820.49 $146,521.31
157 $146,521.31 $587.62 $0.00 $828.45 $147,937.38
158 $147,937.38 $587.62 $0.00 $836.46 $149,361.46
159 $149,361.46 $587.62 $0.00 $844.51 $150,793.59
160 $150,793.59 $587.62 $0.00 $852.61 $152,233.82
161 $152,233.82 $587.62 $0.00 $860.75 $153,682.19
162 $153,682.19 $587.62 $0.00 $868.94 $155,138.75
163 $155,138.75 $587.62 $0.00 $877.18 $156,603.55
164 $156,603.55 $587.62 $0.00 $885.46 $158,076.63
165 $158,076.63 $587.62 $0.00 $893.79 $159,558.04
166 $159,558.04 $587.62 $0.00 $902.16 $161,047.82
167 $161,047.82 $587.62 $0.00 $910.59 $162,546.03
168 $162,546.03 $587.62 $0.00 $919.06 $164,052.71
169 $164,052.71 $587.62 $0.00 $927.58 $165,567.91
170 $165,567.91 $587.62 $0.00 $936.15 $167,091.68
171 $167,091.68 $587.62 $0.00 $944.76 $168,624.06
172 $168,624.06 $587.62 $0.00 $953.42 $170,165.10
173 $170,165.10 $587.62 $0.00 $962.14 $171,714.86
174 $171,714.86 $587.62 $0.00 $970.90 $173,273.38
175 $173,273.38 $587.62 $0.00 $979.71 $174,840.71
176 $174,840.71 $587.62 $0.00 $988.57 $176,416.90
177 $176,416.90 $587.62 $0.00 $997.49 $178,002.01
178 $178,002.01 $587.62 $0.00 $1,006.45 $179,596.08
179 $179,596.08 $587.62 $0.00 $1,015.46 $181,199.16
180 $181,199.16 $587.62 $0.00 $1,024.53 $182,811.31
181 $182,811.31 $587.62 $0.00 $1,033.64 $184,432.57
182 $184,432.57 $587.62 $0.00 $1,042.81 $186,063.00
183 $186,063.00 $587.62 $0.00 $1,052.03 $187,702.65
184 $187,702.65 $587.62 $0.00 $1,061.30 $189,351.57
185 $189,351.57 $587.62 $0.00 $1,070.62 $191,009.81
186 $191,009.81 $587.62 $0.00 $1,080.00 $192,677.43
187 $192,677.43 $587.62 $0.00 $1,089.43 $194,354.48
188 $194,354.48 $587.62 $0.00 $1,098.91 $196,041.01
189 $196,041.01 $587.62 $0.00 $1,108.44 $197,737.07
190 $197,737.07 $587.62 $0.00 $1,118.03 $199,442.72
191 $199,442.72 $587.62 $0.00 $1,127.68 $201,158.02
192 $201,158.02 $587.62 $0.00 $1,137.38 $202,883.02
193 $202,883.02 $587.62 $0.00 $1,147.13 $204,617.77
194 $204,617.77 $587.62 $0.00 $1,156.94 $206,362.33
195 $206,362.33 $587.62 $0.00 $1,166.80 $208,116.75
196 $208,116.75 $587.62 $0.00 $1,176.72 $209,881.09
197 $209,881.09 $587.62 $0.00 $1,186.70 $211,655.41
198 $211,655.41 $587.62 $0.00 $1,196.73 $213,439.76
199 $213,439.76 $587.62 $0.00 $1,206.82 $215,234.20
200 $215,234.20 $587.62 $0.00 $1,216.97 $217,038.79
201 $217,038.79 $587.62 $0.00 $1,227.17 $218,853.58
202 $218,853.58 $587.62 $0.00 $1,237.43 $220,678.63
203 $220,678.63 $587.62 $0.00 $1,247.75 $222,514.00
204 $222,514.00 $587.62 $0.00 $1,258.13 $224,359.75
205 $224,359.75 $587.62 $0.00 $1,268.56 $226,215.93
206 $226,215.93 $587.62 $0.00 $1,279.06 $228,082.61
207 $228,082.61 $587.62 $0.00 $1,289.61 $229,959.84
208 $229,959.84 $587.62 $0.00 $1,300.23 $231,847.69
209 $231,847.69 $587.62 $0.00 $1,310.90 $233,746.21
210 $233,746.21 $587.62 $0.00 $1,321.64 $235,655.47
211 $235,655.47 $587.62 $0.00 $1,332.43 $237,575.52
212 $237,575.52 $587.62 $0.00 $1,343.29 $239,506.43
213 $239,506.43 $587.62 $0.00 $1,354.20 $241,448.25
214 $241,448.25 $587.62 $0.00 $1,365.18 $243,401.05
215 $243,401.05 $587.62 $0.00 $1,376.22 $245,364.89
216 $245,364.89 $587.62 $0.00 $1,387.33 $247,339.84
217 $247,339.84 $587.62 $68,891.88 $1,398.50 $180,434.08
218 $180,434.08 $587.62 $0.00 $1,020.20 $182,041.90
219 $182,041.90 $587.62 $0.00 $1,029.29 $183,658.81
220 $183,658.81 $587.62 $0.00 $1,038.43 $185,284.86
221 $185,284.86 $587.62 $0.00 $1,047.63 $186,920.11
222 $186,920.11 $587.62 $0.00 $1,056.87 $188,564.60
223 $188,564.60 $587.62 $0.00 $1,066.17 $190,218.39
224 $190,218.39 $587.62 $0.00 $1,075.52 $191,881.53
225 $191,881.53 $587.62 $0.00 $1,084.93 $193,554.08
226 $193,554.08 $587.62 $0.00 $1,094.38 $195,236.08
227 $195,236.08 $587.62 $0.00 $1,103.89 $196,927.59
228 $196,927.59 $587.62 $0.00 $1,113.46 $198,628.67
229 $198,628.67 $587.62 $72,336.48 $1,123.08 $128,002.89
230 $128,002.89 $587.62 $0.00 $723.75 $129,314.26
231 $129,314.26 $587.62 $0.00 $731.16 $130,633.04
232 $130,633.04 $587.62 $0.00 $738.62 $131,959.28
233 $131,959.28 $587.62 $0.00 $746.12 $133,293.02
234 $133,293.02 $587.62 $0.00 $753.66 $134,634.30
235 $134,634.30 $587.62 $0.00 $761.24 $135,983.16
236 $135,983.16 $587.62 $0.00 $768.87 $137,339.65
237 $137,339.65 $587.62 $0.00 $776.54 $138,703.81
238 $138,703.81 $587.62 $0.00 $784.25 $140,075.68
239 $140,075.68 $587.62 $0.00 $792.01 $141,455.31
240 $141,455.31 $587.62 $0.00 $799.81 $142,842.74
241 $142,842.74 $587.62 $75,953.30 $807.65 $68,284.71
242 $68,284.71 $587.62 $0.00 $386.09 $69,258.42
243 $69,258.42 $587.62 $0.00 $391.60 $70,237.64
244 $70,237.64 $587.62 $0.00 $397.13 $71,222.39
245 $71,222.39 $587.62 $0.00 $402.70 $72,212.71
246 $72,212.71 $587.62 $0.00 $408.30 $73,208.63
247 $73,208.63 $587.62 $0.00 $413.93 $74,210.18
248 $74,210.18 $587.62 $0.00 $419.60 $75,217.40
249 $75,217.40 $587.62 $0.00 $425.29 $76,230.31
250 $76,230.31 $587.62 $0.00 $431.02 $77,248.95
251 $77,248.95 $587.62 $0.00 $436.78 $78,273.35
252 $78,273.35 $587.62 $0.00 $442.57 $79,303.54
253 $79,303.54 $0.00 $79,750.97 $448.39 $0.96