Savings Plan and Future Cost Estimation for University of Charleston

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$118,510
Monthly savings required$938

How much will it cost to send your child to University of Charleston in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $474,038.32 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $938.11 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$45,700.00
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 $938.11 $0.00 $0.00 $938.11
2 $938.11 $938.11 $0.00 $5.30 $1,881.52
3 $1,881.52 $938.11 $0.00 $10.64 $2,830.27
4 $2,830.27 $938.11 $0.00 $16.00 $3,784.38
5 $3,784.38 $938.11 $0.00 $21.40 $4,743.89
6 $4,743.89 $938.11 $0.00 $26.82 $5,708.82
7 $5,708.82 $938.11 $0.00 $32.28 $6,679.21
8 $6,679.21 $938.11 $0.00 $37.77 $7,655.09
9 $7,655.09 $938.11 $0.00 $43.28 $8,636.48
10 $8,636.48 $938.11 $0.00 $48.83 $9,623.42
11 $9,623.42 $938.11 $0.00 $54.41 $10,615.94
12 $10,615.94 $938.11 $0.00 $60.02 $11,614.07
13 $11,614.07 $938.11 $0.00 $65.67 $12,617.85
14 $12,617.85 $938.11 $0.00 $71.34 $13,627.30
15 $13,627.30 $938.11 $0.00 $77.05 $14,642.46
16 $14,642.46 $938.11 $0.00 $82.79 $15,663.36
17 $15,663.36 $938.11 $0.00 $88.56 $16,690.03
18 $16,690.03 $938.11 $0.00 $94.37 $17,722.51
19 $17,722.51 $938.11 $0.00 $100.21 $18,760.83
20 $18,760.83 $938.11 $0.00 $106.08 $19,805.02
21 $19,805.02 $938.11 $0.00 $111.98 $20,855.11
22 $20,855.11 $938.11 $0.00 $117.92 $21,911.14
23 $21,911.14 $938.11 $0.00 $123.89 $22,973.14
24 $22,973.14 $938.11 $0.00 $129.89 $24,041.14
25 $24,041.14 $938.11 $0.00 $135.93 $25,115.18
26 $25,115.18 $938.11 $0.00 $142.00 $26,195.29
27 $26,195.29 $938.11 $0.00 $148.11 $27,281.51
28 $27,281.51 $938.11 $0.00 $154.25 $28,373.87
29 $28,373.87 $938.11 $0.00 $160.43 $29,472.41
30 $29,472.41 $938.11 $0.00 $166.64 $30,577.16
31 $30,577.16 $938.11 $0.00 $172.89 $31,688.16
32 $31,688.16 $938.11 $0.00 $179.17 $32,805.44
33 $32,805.44 $938.11 $0.00 $185.49 $33,929.04
34 $33,929.04 $938.11 $0.00 $191.84 $35,058.99
35 $35,058.99 $938.11 $0.00 $198.23 $36,195.33
36 $36,195.33 $938.11 $0.00 $204.65 $37,338.09
37 $37,338.09 $938.11 $0.00 $211.11 $38,487.31
38 $38,487.31 $938.11 $0.00 $217.61 $39,643.03
39 $39,643.03 $938.11 $0.00 $224.15 $40,805.29
40 $40,805.29 $938.11 $0.00 $230.72 $41,974.12
41 $41,974.12 $938.11 $0.00 $237.33 $43,149.56
42 $43,149.56 $938.11 $0.00 $243.97 $44,331.64
43 $44,331.64 $938.11 $0.00 $250.66 $45,520.41
44 $45,520.41 $938.11 $0.00 $257.38 $46,715.90
45 $46,715.90 $938.11 $0.00 $264.14 $47,918.15
46 $47,918.15 $938.11 $0.00 $270.94 $49,127.20
47 $49,127.20 $938.11 $0.00 $277.77 $50,343.08
48 $50,343.08 $938.11 $0.00 $284.65 $51,565.84
49 $51,565.84 $938.11 $0.00 $291.56 $52,795.51
50 $52,795.51 $938.11 $0.00 $298.51 $54,032.13
51 $54,032.13 $938.11 $0.00 $305.51 $55,275.75
52 $55,275.75 $938.11 $0.00 $312.54 $56,526.40
53 $56,526.40 $938.11 $0.00 $319.61 $57,784.12
54 $57,784.12 $938.11 $0.00 $326.72 $59,048.95
55 $59,048.95 $938.11 $0.00 $333.87 $60,320.93
56 $60,320.93 $938.11 $0.00 $341.06 $61,600.10
57 $61,600.10 $938.11 $0.00 $348.30 $62,886.51
58 $62,886.51 $938.11 $0.00 $355.57 $64,180.19
59 $64,180.19 $938.11 $0.00 $362.88 $65,481.18
60 $65,481.18 $938.11 $0.00 $370.24 $66,789.53
61 $66,789.53 $938.11 $0.00 $377.64 $68,105.28
62 $68,105.28 $938.11 $0.00 $385.08 $69,428.47
63 $69,428.47 $938.11 $0.00 $392.56 $70,759.14
64 $70,759.14 $938.11 $0.00 $400.08 $72,097.33
65 $72,097.33 $938.11 $0.00 $407.65 $73,443.09
66 $73,443.09 $938.11 $0.00 $415.26 $74,796.46
67 $74,796.46 $938.11 $0.00 $422.91 $76,157.48
68 $76,157.48 $938.11 $0.00 $430.61 $77,526.20
69 $77,526.20 $938.11 $0.00 $438.34 $78,902.65
70 $78,902.65 $938.11 $0.00 $446.13 $80,286.89
71 $80,286.89 $938.11 $0.00 $453.95 $81,678.95
72 $81,678.95 $938.11 $0.00 $461.82 $83,078.88
73 $83,078.88 $938.11 $0.00 $469.74 $84,486.73
74 $84,486.73 $938.11 $0.00 $477.70 $85,902.54
75 $85,902.54 $938.11 $0.00 $485.71 $87,326.36
76 $87,326.36 $938.11 $0.00 $493.76 $88,758.23
77 $88,758.23 $938.11 $0.00 $501.85 $90,198.19
78 $90,198.19 $938.11 $0.00 $509.99 $91,646.29
79 $91,646.29 $938.11 $0.00 $518.18 $93,102.58
80 $93,102.58 $938.11 $0.00 $526.42 $94,567.11
81 $94,567.11 $938.11 $0.00 $534.70 $96,039.92
82 $96,039.92 $938.11 $0.00 $543.02 $97,521.05
83 $97,521.05 $938.11 $0.00 $551.40 $99,010.56
84 $99,010.56 $938.11 $0.00 $559.82 $100,508.49
85 $100,508.49 $938.11 $0.00 $568.29 $102,014.89
86 $102,014.89 $938.11 $0.00 $576.81 $103,529.81
87 $103,529.81 $938.11 $0.00 $585.37 $105,053.29
88 $105,053.29 $938.11 $0.00 $593.99 $106,585.39
89 $106,585.39 $938.11 $0.00 $602.65 $108,126.15
90 $108,126.15 $938.11 $0.00 $611.36 $109,675.62
91 $109,675.62 $938.11 $0.00 $620.12 $111,233.85
92 $111,233.85 $938.11 $0.00 $628.93 $112,800.89
93 $112,800.89 $938.11 $0.00 $637.79 $114,376.79
94 $114,376.79 $938.11 $0.00 $646.70 $115,961.60
95 $115,961.60 $938.11 $0.00 $655.66 $117,555.37
96 $117,555.37 $938.11 $0.00 $664.68 $119,158.16
97 $119,158.16 $938.11 $0.00 $673.74 $120,770.01
98 $120,770.01 $938.11 $0.00 $682.85 $122,390.97
99 $122,390.97 $938.11 $0.00 $692.02 $124,021.10
100 $124,021.10 $938.11 $0.00 $701.23 $125,660.44
101 $125,660.44 $938.11 $0.00 $710.50 $127,309.05
102 $127,309.05 $938.11 $0.00 $719.82 $128,966.98
103 $128,966.98 $938.11 $0.00 $729.20 $130,634.29
104 $130,634.29 $938.11 $0.00 $738.63 $132,311.03
105 $132,311.03 $938.11 $0.00 $748.11 $133,997.25
106 $133,997.25 $938.11 $0.00 $757.64 $135,693.00
107 $135,693.00 $938.11 $0.00 $767.23 $137,398.34
108 $137,398.34 $938.11 $0.00 $776.87 $139,113.32
109 $139,113.32 $938.11 $0.00 $786.57 $140,838.00
110 $140,838.00 $938.11 $0.00 $796.32 $142,572.43
111 $142,572.43 $938.11 $0.00 $806.13 $144,316.67
112 $144,316.67 $938.11 $0.00 $815.99 $146,070.77
113 $146,070.77 $938.11 $0.00 $825.91 $147,834.79
114 $147,834.79 $938.11 $0.00 $835.88 $149,608.78
115 $149,608.78 $938.11 $0.00 $845.91 $151,392.80
116 $151,392.80 $938.11 $0.00 $856.00 $153,186.91
117 $153,186.91 $938.11 $0.00 $866.14 $154,991.16
118 $154,991.16 $938.11 $0.00 $876.34 $156,805.61
119 $156,805.61 $938.11 $0.00 $886.60 $158,630.32
120 $158,630.32 $938.11 $0.00 $896.92 $160,465.35
121 $160,465.35 $938.11 $0.00 $907.29 $162,310.75
122 $162,310.75 $938.11 $0.00 $917.73 $164,166.59
123 $164,166.59 $938.11 $0.00 $928.22 $166,032.92
124 $166,032.92 $938.11 $0.00 $938.77 $167,909.80
125 $167,909.80 $938.11 $0.00 $949.39 $169,797.30
126 $169,797.30 $938.11 $0.00 $960.06 $171,695.47
127 $171,695.47 $938.11 $0.00 $970.79 $173,604.37
128 $173,604.37 $938.11 $0.00 $981.58 $175,524.06
129 $175,524.06 $938.11 $0.00 $992.44 $177,454.61
130 $177,454.61 $938.11 $0.00 $1,003.35 $179,396.07
131 $179,396.07 $938.11 $0.00 $1,014.33 $181,348.51
132 $181,348.51 $938.11 $0.00 $1,025.37 $183,311.99
133 $183,311.99 $938.11 $0.00 $1,036.47 $185,286.57
134 $185,286.57 $938.11 $0.00 $1,047.64 $187,272.32
135 $187,272.32 $938.11 $0.00 $1,058.86 $189,269.29
136 $189,269.29 $938.11 $0.00 $1,070.16 $191,277.56
137 $191,277.56 $938.11 $0.00 $1,081.51 $193,297.18
138 $193,297.18 $938.11 $0.00 $1,092.93 $195,328.22
139 $195,328.22 $938.11 $0.00 $1,104.41 $197,370.74
140 $197,370.74 $938.11 $0.00 $1,115.96 $199,424.81
141 $199,424.81 $938.11 $0.00 $1,127.58 $201,490.50
142 $201,490.50 $938.11 $0.00 $1,139.26 $203,567.87
143 $203,567.87 $938.11 $0.00 $1,151.00 $205,656.98
144 $205,656.98 $938.11 $0.00 $1,162.81 $207,757.90
145 $207,757.90 $938.11 $0.00 $1,174.69 $209,870.70
146 $209,870.70 $938.11 $0.00 $1,186.64 $211,995.45
147 $211,995.45 $938.11 $0.00 $1,198.65 $214,132.21
148 $214,132.21 $938.11 $0.00 $1,210.73 $216,281.05
149 $216,281.05 $938.11 $0.00 $1,222.88 $218,442.04
150 $218,442.04 $938.11 $0.00 $1,235.10 $220,615.25
151 $220,615.25 $938.11 $0.00 $1,247.39 $222,800.75
152 $222,800.75 $938.11 $0.00 $1,259.75 $224,998.61
153 $224,998.61 $938.11 $0.00 $1,272.17 $227,208.89
154 $227,208.89 $938.11 $0.00 $1,284.67 $229,431.67
155 $229,431.67 $938.11 $0.00 $1,297.24 $231,667.02
156 $231,667.02 $938.11 $0.00 $1,309.88 $233,915.01
157 $233,915.01 $938.11 $0.00 $1,322.59 $236,175.71
158 $236,175.71 $938.11 $0.00 $1,335.37 $238,449.19
159 $238,449.19 $938.11 $0.00 $1,348.23 $240,735.53
160 $240,735.53 $938.11 $0.00 $1,361.15 $243,034.79
161 $243,034.79 $938.11 $0.00 $1,374.15 $245,347.05
162 $245,347.05 $938.11 $0.00 $1,387.23 $247,672.39
163 $247,672.39 $938.11 $0.00 $1,400.38 $250,010.88
164 $250,010.88 $938.11 $0.00 $1,413.60 $252,362.59
165 $252,362.59 $938.11 $0.00 $1,426.89 $254,727.59
166 $254,727.59 $938.11 $0.00 $1,440.27 $257,105.97
167 $257,105.97 $938.11 $0.00 $1,453.71 $259,497.79
168 $259,497.79 $938.11 $0.00 $1,467.24 $261,903.14
169 $261,903.14 $938.11 $0.00 $1,480.84 $264,322.09
170 $264,322.09 $938.11 $0.00 $1,494.52 $266,754.72
171 $266,754.72 $938.11 $0.00 $1,508.27 $269,201.10
172 $269,201.10 $938.11 $0.00 $1,522.10 $271,661.31
173 $271,661.31 $938.11 $0.00 $1,536.01 $274,135.43
174 $274,135.43 $938.11 $0.00 $1,550.00 $276,623.54
175 $276,623.54 $938.11 $0.00 $1,564.07 $279,125.72
176 $279,125.72 $938.11 $0.00 $1,578.22 $281,642.05
177 $281,642.05 $938.11 $0.00 $1,592.45 $284,172.61
178 $284,172.61 $938.11 $0.00 $1,606.75 $286,717.47
179 $286,717.47 $938.11 $0.00 $1,621.14 $289,276.72
180 $289,276.72 $938.11 $0.00 $1,635.61 $291,850.44
181 $291,850.44 $938.11 $0.00 $1,650.16 $294,438.71
182 $294,438.71 $938.11 $0.00 $1,664.80 $297,041.62
183 $297,041.62 $938.11 $0.00 $1,679.52 $299,659.25
184 $299,659.25 $938.11 $0.00 $1,694.32 $302,291.68
185 $302,291.68 $938.11 $0.00 $1,709.20 $304,938.99
186 $304,938.99 $938.11 $0.00 $1,724.17 $307,601.27
187 $307,601.27 $938.11 $0.00 $1,739.22 $310,278.60
188 $310,278.60 $938.11 $0.00 $1,754.36 $312,971.07
189 $312,971.07 $938.11 $0.00 $1,769.58 $315,678.76
190 $315,678.76 $938.11 $0.00 $1,784.89 $318,401.76
191 $318,401.76 $938.11 $0.00 $1,800.29 $321,140.16
192 $321,140.16 $938.11 $0.00 $1,815.77 $323,894.04
193 $323,894.04 $938.11 $0.00 $1,831.34 $326,663.49
194 $326,663.49 $938.11 $0.00 $1,847.00 $329,448.60
195 $329,448.60 $938.11 $0.00 $1,862.75 $332,249.46
196 $332,249.46 $938.11 $0.00 $1,878.59 $335,066.16
197 $335,066.16 $938.11 $0.00 $1,894.51 $337,898.78
198 $337,898.78 $938.11 $0.00 $1,910.53 $340,747.42
199 $340,747.42 $938.11 $0.00 $1,926.64 $343,612.17
200 $343,612.17 $938.11 $0.00 $1,942.83 $346,493.11
201 $346,493.11 $938.11 $0.00 $1,959.12 $349,390.34
202 $349,390.34 $938.11 $0.00 $1,975.50 $352,303.95
203 $352,303.95 $938.11 $0.00 $1,991.98 $355,234.04
204 $355,234.04 $938.11 $0.00 $2,008.54 $358,180.69
205 $358,180.69 $938.11 $0.00 $2,025.21 $361,144.01
206 $361,144.01 $938.11 $0.00 $2,041.96 $364,124.08
207 $364,124.08 $938.11 $0.00 $2,058.81 $367,121.00
208 $367,121.00 $938.11 $0.00 $2,075.76 $370,134.87
209 $370,134.87 $938.11 $0.00 $2,092.80 $373,165.78
210 $373,165.78 $938.11 $0.00 $2,109.93 $376,213.82
211 $376,213.82 $938.11 $0.00 $2,127.17 $379,279.10
212 $379,279.10 $938.11 $0.00 $2,144.50 $382,361.71
213 $382,361.71 $938.11 $0.00 $2,161.93 $385,461.75
214 $385,461.75 $938.11 $0.00 $2,179.46 $388,579.32
215 $388,579.32 $938.11 $0.00 $2,197.08 $391,714.51
216 $391,714.51 $938.11 $0.00 $2,214.81 $394,867.43
217 $394,867.43 $938.11 $109,982.50 $2,232.64 $288,055.68
218 $288,055.68 $938.11 $0.00 $1,628.71 $290,622.50
219 $290,622.50 $938.11 $0.00 $1,643.22 $293,203.83
220 $293,203.83 $938.11 $0.00 $1,657.82 $295,799.76
221 $295,799.76 $938.11 $0.00 $1,672.49 $298,410.36
222 $298,410.36 $938.11 $0.00 $1,687.26 $301,035.73
223 $301,035.73 $938.11 $0.00 $1,702.10 $303,675.94
224 $303,675.94 $938.11 $0.00 $1,717.03 $306,331.08
225 $306,331.08 $938.11 $0.00 $1,732.04 $309,001.23
226 $309,001.23 $938.11 $0.00 $1,747.14 $311,686.48
227 $311,686.48 $938.11 $0.00 $1,762.32 $314,386.91
228 $314,386.91 $938.11 $0.00 $1,777.59 $317,102.61
229 $317,102.61 $938.11 $115,481.62 $1,792.94 $204,352.04
230 $204,352.04 $938.11 $0.00 $1,155.44 $206,445.59
231 $206,445.59 $938.11 $0.00 $1,167.27 $208,550.97
232 $208,550.97 $938.11 $0.00 $1,179.18 $210,668.26
233 $210,668.26 $938.11 $0.00 $1,191.15 $212,797.52
234 $212,797.52 $938.11 $0.00 $1,203.19 $214,938.82
235 $214,938.82 $938.11 $0.00 $1,215.30 $217,092.23
236 $217,092.23 $938.11 $0.00 $1,227.47 $219,257.81
237 $219,257.81 $938.11 $0.00 $1,239.72 $221,435.64
238 $221,435.64 $938.11 $0.00 $1,252.03 $223,625.78
239 $223,625.78 $938.11 $0.00 $1,264.41 $225,828.30
240 $225,828.30 $938.11 $0.00 $1,276.87 $228,043.28
241 $228,043.28 $938.11 $121,255.71 $1,289.39 $109,015.07
242 $109,015.07 $938.11 $0.00 $616.39 $110,569.57
243 $110,569.57 $938.11 $0.00 $625.18 $112,132.86
244 $112,132.86 $938.11 $0.00 $634.02 $113,704.99
245 $113,704.99 $938.11 $0.00 $642.90 $115,286.00
246 $115,286.00 $938.11 $0.00 $651.84 $116,875.95
247 $116,875.95 $938.11 $0.00 $660.83 $118,474.89
248 $118,474.89 $938.11 $0.00 $669.87 $120,082.87
249 $120,082.87 $938.11 $0.00 $678.97 $121,699.95
250 $121,699.95 $938.11 $0.00 $688.11 $123,326.17
251 $123,326.17 $938.11 $0.00 $697.30 $124,961.58
252 $124,961.58 $938.11 $0.00 $706.55 $126,606.24
253 $126,606.24 $0.00 $127,318.49 $715.85 $3.60