Savings Plan and Future Cost Estimation for Selma University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$35,191
Monthly savings required$278

How much will it cost to send your child to Selma University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $140,762.91 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $278.12 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$9,380.00
Years until enrollment18
Annual Tuition Increase7%
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 Selma University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $278.12 $0.00 $0.00 $278.12
2 $278.12 $278.12 $0.00 $1.57 $557.81
3 $557.81 $278.12 $0.00 $3.15 $839.08
4 $839.08 $278.12 $0.00 $4.74 $1,121.94
5 $1,121.94 $278.12 $0.00 $6.34 $1,406.40
6 $1,406.40 $278.12 $0.00 $7.95 $1,692.47
7 $1,692.47 $278.12 $0.00 $9.57 $1,980.16
8 $1,980.16 $278.12 $0.00 $11.20 $2,269.48
9 $2,269.48 $278.12 $0.00 $12.83 $2,560.43
10 $2,560.43 $278.12 $0.00 $14.48 $2,853.03
11 $2,853.03 $278.12 $0.00 $16.13 $3,147.28
12 $3,147.28 $278.12 $0.00 $17.80 $3,443.20
13 $3,443.20 $278.12 $0.00 $19.47 $3,740.79
14 $3,740.79 $278.12 $0.00 $21.15 $4,040.06
15 $4,040.06 $278.12 $0.00 $22.84 $4,341.02
16 $4,341.02 $278.12 $0.00 $24.54 $4,643.68
17 $4,643.68 $278.12 $0.00 $26.26 $4,948.06
18 $4,948.06 $278.12 $0.00 $27.98 $5,254.16
19 $5,254.16 $278.12 $0.00 $29.71 $5,561.99
20 $5,561.99 $278.12 $0.00 $31.45 $5,871.56
21 $5,871.56 $278.12 $0.00 $33.20 $6,182.88
22 $6,182.88 $278.12 $0.00 $34.96 $6,495.96
23 $6,495.96 $278.12 $0.00 $36.73 $6,810.81
24 $6,810.81 $278.12 $0.00 $38.51 $7,127.44
25 $7,127.44 $278.12 $0.00 $40.30 $7,445.86
26 $7,445.86 $278.12 $0.00 $42.10 $7,766.08
27 $7,766.08 $278.12 $0.00 $43.91 $8,088.11
28 $8,088.11 $278.12 $0.00 $45.73 $8,411.96
29 $8,411.96 $278.12 $0.00 $47.56 $8,737.64
30 $8,737.64 $278.12 $0.00 $49.40 $9,065.16
31 $9,065.16 $278.12 $0.00 $51.26 $9,394.54
32 $9,394.54 $278.12 $0.00 $53.12 $9,725.78
33 $9,725.78 $278.12 $0.00 $54.99 $10,058.89
34 $10,058.89 $278.12 $0.00 $56.87 $10,393.88
35 $10,393.88 $278.12 $0.00 $58.77 $10,730.77
36 $10,730.77 $278.12 $0.00 $60.67 $11,069.56
37 $11,069.56 $278.12 $0.00 $62.59 $11,410.27
38 $11,410.27 $278.12 $0.00 $64.52 $11,752.91
39 $11,752.91 $278.12 $0.00 $66.45 $12,097.48
40 $12,097.48 $278.12 $0.00 $68.40 $12,444.00
41 $12,444.00 $278.12 $0.00 $70.36 $12,792.48
42 $12,792.48 $278.12 $0.00 $72.33 $13,142.93
43 $13,142.93 $278.12 $0.00 $74.31 $13,495.36
44 $13,495.36 $278.12 $0.00 $76.30 $13,849.78
45 $13,849.78 $278.12 $0.00 $78.31 $14,206.21
46 $14,206.21 $278.12 $0.00 $80.32 $14,564.65
47 $14,564.65 $278.12 $0.00 $82.35 $14,925.12
48 $14,925.12 $278.12 $0.00 $84.39 $15,287.63
49 $15,287.63 $278.12 $0.00 $86.44 $15,652.19
50 $15,652.19 $278.12 $0.00 $88.50 $16,018.81
51 $16,018.81 $278.12 $0.00 $90.57 $16,387.50
52 $16,387.50 $278.12 $0.00 $92.66 $16,758.28
53 $16,758.28 $278.12 $0.00 $94.75 $17,131.15
54 $17,131.15 $278.12 $0.00 $96.86 $17,506.13
55 $17,506.13 $278.12 $0.00 $98.98 $17,883.23
56 $17,883.23 $278.12 $0.00 $101.11 $18,262.46
57 $18,262.46 $278.12 $0.00 $103.26 $18,643.84
58 $18,643.84 $278.12 $0.00 $105.41 $19,027.37
59 $19,027.37 $278.12 $0.00 $107.58 $19,413.07
60 $19,413.07 $278.12 $0.00 $109.76 $19,800.95
61 $19,800.95 $278.12 $0.00 $111.96 $20,191.03
62 $20,191.03 $278.12 $0.00 $114.16 $20,583.31
63 $20,583.31 $278.12 $0.00 $116.38 $20,977.81
64 $20,977.81 $278.12 $0.00 $118.61 $21,374.54
65 $21,374.54 $278.12 $0.00 $120.85 $21,773.51
66 $21,773.51 $278.12 $0.00 $123.11 $22,174.74
67 $22,174.74 $278.12 $0.00 $125.38 $22,578.24
68 $22,578.24 $278.12 $0.00 $127.66 $22,984.02
69 $22,984.02 $278.12 $0.00 $129.95 $23,392.09
70 $23,392.09 $278.12 $0.00 $132.26 $23,802.47
71 $23,802.47 $278.12 $0.00 $134.58 $24,215.17
72 $24,215.17 $278.12 $0.00 $136.92 $24,630.21
73 $24,630.21 $278.12 $0.00 $139.26 $25,047.59
74 $25,047.59 $278.12 $0.00 $141.62 $25,467.33
75 $25,467.33 $278.12 $0.00 $144.00 $25,889.45
76 $25,889.45 $278.12 $0.00 $146.38 $26,313.95
77 $26,313.95 $278.12 $0.00 $148.78 $26,740.85
78 $26,740.85 $278.12 $0.00 $151.20 $27,170.17
79 $27,170.17 $278.12 $0.00 $153.62 $27,601.91
80 $27,601.91 $278.12 $0.00 $156.07 $28,036.10
81 $28,036.10 $278.12 $0.00 $158.52 $28,472.74
82 $28,472.74 $278.12 $0.00 $160.99 $28,911.85
83 $28,911.85 $278.12 $0.00 $163.47 $29,353.44
84 $29,353.44 $278.12 $0.00 $165.97 $29,797.53
85 $29,797.53 $278.12 $0.00 $168.48 $30,244.13
86 $30,244.13 $278.12 $0.00 $171.00 $30,693.25
87 $30,693.25 $278.12 $0.00 $173.54 $31,144.91
88 $31,144.91 $278.12 $0.00 $176.10 $31,599.13
89 $31,599.13 $278.12 $0.00 $178.67 $32,055.92
90 $32,055.92 $278.12 $0.00 $181.25 $32,515.29
91 $32,515.29 $278.12 $0.00 $183.85 $32,977.26
92 $32,977.26 $278.12 $0.00 $186.46 $33,441.84
93 $33,441.84 $278.12 $0.00 $189.09 $33,909.05
94 $33,909.05 $278.12 $0.00 $191.73 $34,378.90
95 $34,378.90 $278.12 $0.00 $194.38 $34,851.40
96 $34,851.40 $278.12 $0.00 $197.05 $35,326.57
97 $35,326.57 $278.12 $0.00 $199.74 $35,804.43
98 $35,804.43 $278.12 $0.00 $202.44 $36,284.99
99 $36,284.99 $278.12 $0.00 $205.16 $36,768.27
100 $36,768.27 $278.12 $0.00 $207.89 $37,254.28
101 $37,254.28 $278.12 $0.00 $210.64 $37,743.04
102 $37,743.04 $278.12 $0.00 $213.40 $38,234.56
103 $38,234.56 $278.12 $0.00 $216.18 $38,728.86
104 $38,728.86 $278.12 $0.00 $218.98 $39,225.96
105 $39,225.96 $278.12 $0.00 $221.79 $39,725.87
106 $39,725.87 $278.12 $0.00 $224.62 $40,228.61
107 $40,228.61 $278.12 $0.00 $227.46 $40,734.19
108 $40,734.19 $278.12 $0.00 $230.32 $41,242.63
109 $41,242.63 $278.12 $0.00 $233.19 $41,753.94
110 $41,753.94 $278.12 $0.00 $236.08 $42,268.14
111 $42,268.14 $278.12 $0.00 $238.99 $42,785.25
112 $42,785.25 $278.12 $0.00 $241.91 $43,305.28
113 $43,305.28 $278.12 $0.00 $244.85 $43,828.25
114 $43,828.25 $278.12 $0.00 $247.81 $44,354.18
115 $44,354.18 $278.12 $0.00 $250.78 $44,883.08
116 $44,883.08 $278.12 $0.00 $253.78 $45,414.98
117 $45,414.98 $278.12 $0.00 $256.78 $45,949.88
118 $45,949.88 $278.12 $0.00 $259.81 $46,487.81
119 $46,487.81 $278.12 $0.00 $262.85 $47,028.78
120 $47,028.78 $278.12 $0.00 $265.91 $47,572.81
121 $47,572.81 $278.12 $0.00 $268.98 $48,119.91
122 $48,119.91 $278.12 $0.00 $272.08 $48,670.11
123 $48,670.11 $278.12 $0.00 $275.19 $49,223.42
124 $49,223.42 $278.12 $0.00 $278.32 $49,779.86
125 $49,779.86 $278.12 $0.00 $281.46 $50,339.44
126 $50,339.44 $278.12 $0.00 $284.63 $50,902.19
127 $50,902.19 $278.12 $0.00 $287.81 $51,468.12
128 $51,468.12 $278.12 $0.00 $291.01 $52,037.25
129 $52,037.25 $278.12 $0.00 $294.23 $52,609.60
130 $52,609.60 $278.12 $0.00 $297.46 $53,185.18
131 $53,185.18 $278.12 $0.00 $300.72 $53,764.02
132 $53,764.02 $278.12 $0.00 $303.99 $54,346.13
133 $54,346.13 $278.12 $0.00 $307.28 $54,931.53
134 $54,931.53 $278.12 $0.00 $310.59 $55,520.24
135 $55,520.24 $278.12 $0.00 $313.92 $56,112.28
136 $56,112.28 $278.12 $0.00 $317.27 $56,707.67
137 $56,707.67 $278.12 $0.00 $320.63 $57,306.42
138 $57,306.42 $278.12 $0.00 $324.02 $57,908.56
139 $57,908.56 $278.12 $0.00 $327.42 $58,514.10
140 $58,514.10 $278.12 $0.00 $330.85 $59,123.07
141 $59,123.07 $278.12 $0.00 $334.29 $59,735.48
142 $59,735.48 $278.12 $0.00 $337.75 $60,351.35
143 $60,351.35 $278.12 $0.00 $341.24 $60,970.71
144 $60,970.71 $278.12 $0.00 $344.74 $61,593.57
145 $61,593.57 $278.12 $0.00 $348.26 $62,219.95
146 $62,219.95 $278.12 $0.00 $351.80 $62,849.87
147 $62,849.87 $278.12 $0.00 $355.36 $63,483.35
148 $63,483.35 $278.12 $0.00 $358.94 $64,120.41
149 $64,120.41 $278.12 $0.00 $362.55 $64,761.08
150 $64,761.08 $278.12 $0.00 $366.17 $65,405.37
151 $65,405.37 $278.12 $0.00 $369.81 $66,053.30
152 $66,053.30 $278.12 $0.00 $373.47 $66,704.89
153 $66,704.89 $278.12 $0.00 $377.16 $67,360.17
154 $67,360.17 $278.12 $0.00 $380.86 $68,019.15
155 $68,019.15 $278.12 $0.00 $384.59 $68,681.86
156 $68,681.86 $278.12 $0.00 $388.34 $69,348.32
157 $69,348.32 $278.12 $0.00 $392.11 $70,018.55
158 $70,018.55 $278.12 $0.00 $395.90 $70,692.57
159 $70,692.57 $278.12 $0.00 $399.71 $71,370.40
160 $71,370.40 $278.12 $0.00 $403.54 $72,052.06
161 $72,052.06 $278.12 $0.00 $407.39 $72,737.57
162 $72,737.57 $278.12 $0.00 $411.27 $73,426.96
163 $73,426.96 $278.12 $0.00 $415.17 $74,120.25
164 $74,120.25 $278.12 $0.00 $419.09 $74,817.46
165 $74,817.46 $278.12 $0.00 $423.03 $75,518.61
166 $75,518.61 $278.12 $0.00 $426.99 $76,223.72
167 $76,223.72 $278.12 $0.00 $430.98 $76,932.82
168 $76,932.82 $278.12 $0.00 $434.99 $77,645.93
169 $77,645.93 $278.12 $0.00 $439.02 $78,363.07
170 $78,363.07 $278.12 $0.00 $443.08 $79,084.27
171 $79,084.27 $278.12 $0.00 $447.15 $79,809.54
172 $79,809.54 $278.12 $0.00 $451.25 $80,538.91
173 $80,538.91 $278.12 $0.00 $455.38 $81,272.41
174 $81,272.41 $278.12 $0.00 $459.53 $82,010.06
175 $82,010.06 $278.12 $0.00 $463.70 $82,751.88
176 $82,751.88 $278.12 $0.00 $467.89 $83,497.89
177 $83,497.89 $278.12 $0.00 $472.11 $84,248.12
178 $84,248.12 $278.12 $0.00 $476.35 $85,002.59
179 $85,002.59 $278.12 $0.00 $480.62 $85,761.33
180 $85,761.33 $278.12 $0.00 $484.91 $86,524.36
181 $86,524.36 $278.12 $0.00 $489.22 $87,291.70
182 $87,291.70 $278.12 $0.00 $493.56 $88,063.38
183 $88,063.38 $278.12 $0.00 $497.92 $88,839.42
184 $88,839.42 $278.12 $0.00 $502.31 $89,619.85
185 $89,619.85 $278.12 $0.00 $506.72 $90,404.69
186 $90,404.69 $278.12 $0.00 $511.16 $91,193.97
187 $91,193.97 $278.12 $0.00 $515.62 $91,987.71
188 $91,987.71 $278.12 $0.00 $520.11 $92,785.94
189 $92,785.94 $278.12 $0.00 $524.63 $93,588.69
190 $93,588.69 $278.12 $0.00 $529.16 $94,395.97
191 $94,395.97 $278.12 $0.00 $533.73 $95,207.82
192 $95,207.82 $278.12 $0.00 $538.32 $96,024.26
193 $96,024.26 $278.12 $0.00 $542.94 $96,845.32
194 $96,845.32 $278.12 $0.00 $547.58 $97,671.02
195 $97,671.02 $278.12 $0.00 $552.25 $98,501.39
196 $98,501.39 $278.12 $0.00 $556.94 $99,336.45
197 $99,336.45 $278.12 $0.00 $561.66 $100,176.23
198 $100,176.23 $278.12 $0.00 $566.41 $101,020.76
199 $101,020.76 $278.12 $0.00 $571.19 $101,870.07
200 $101,870.07 $278.12 $0.00 $575.99 $102,724.18
201 $102,724.18 $278.12 $0.00 $580.82 $103,583.12
202 $103,583.12 $278.12 $0.00 $585.67 $104,446.91
203 $104,446.91 $278.12 $0.00 $590.56 $105,315.59
204 $105,315.59 $278.12 $0.00 $595.47 $106,189.18
205 $106,189.18 $278.12 $0.00 $600.41 $107,067.71
206 $107,067.71 $278.12 $0.00 $605.38 $107,951.21
207 $107,951.21 $278.12 $0.00 $610.37 $108,839.70
208 $108,839.70 $278.12 $0.00 $615.40 $109,733.22
209 $109,733.22 $278.12 $0.00 $620.45 $110,631.79
210 $110,631.79 $278.12 $0.00 $625.53 $111,535.44
211 $111,535.44 $278.12 $0.00 $630.64 $112,444.20
212 $112,444.20 $278.12 $0.00 $635.78 $113,358.10
213 $113,358.10 $278.12 $0.00 $640.94 $114,277.16
214 $114,277.16 $278.12 $0.00 $646.14 $115,201.42
215 $115,201.42 $278.12 $0.00 $651.37 $116,130.91
216 $116,130.91 $278.12 $0.00 $656.62 $117,065.65
217 $117,065.65 $278.12 $31,703.76 $661.91 $86,301.92
218 $86,301.92 $278.12 $0.00 $487.96 $87,068.00
219 $87,068.00 $278.12 $0.00 $492.30 $87,838.42
220 $87,838.42 $278.12 $0.00 $496.65 $88,613.19
221 $88,613.19 $278.12 $0.00 $501.03 $89,392.34
222 $89,392.34 $278.12 $0.00 $505.44 $90,175.90
223 $90,175.90 $278.12 $0.00 $509.87 $90,963.89
224 $90,963.89 $278.12 $0.00 $514.32 $91,756.33
225 $91,756.33 $278.12 $0.00 $518.80 $92,553.25
226 $92,553.25 $278.12 $0.00 $523.31 $93,354.68
227 $93,354.68 $278.12 $0.00 $527.84 $94,160.64
228 $94,160.64 $278.12 $0.00 $532.40 $94,971.16
229 $94,971.16 $278.12 $33,923.03 $536.98 $61,863.23
230 $61,863.23 $278.12 $0.00 $349.78 $62,491.13
231 $62,491.13 $278.12 $0.00 $353.33 $63,122.58
232 $63,122.58 $278.12 $0.00 $356.90 $63,757.60
233 $63,757.60 $278.12 $0.00 $360.49 $64,396.21
234 $64,396.21 $278.12 $0.00 $364.11 $65,038.44
235 $65,038.44 $278.12 $0.00 $367.74 $65,684.30
236 $65,684.30 $278.12 $0.00 $371.39 $66,333.81
237 $66,333.81 $278.12 $0.00 $375.06 $66,986.99
238 $66,986.99 $278.12 $0.00 $378.75 $67,643.86
239 $67,643.86 $278.12 $0.00 $382.47 $68,304.45
240 $68,304.45 $278.12 $0.00 $386.20 $68,968.77
241 $68,968.77 $278.12 $36,297.64 $389.96 $33,339.21
242 $33,339.21 $278.12 $0.00 $188.50 $33,805.83
243 $33,805.83 $278.12 $0.00 $191.14 $34,275.09
244 $34,275.09 $278.12 $0.00 $193.80 $34,747.01
245 $34,747.01 $278.12 $0.00 $196.46 $35,221.59
246 $35,221.59 $278.12 $0.00 $199.15 $35,698.86
247 $35,698.86 $278.12 $0.00 $201.85 $36,178.83
248 $36,178.83 $278.12 $0.00 $204.56 $36,661.51
249 $36,661.51 $278.12 $0.00 $207.29 $37,146.92
250 $37,146.92 $278.12 $0.00 $210.03 $37,635.07
251 $37,635.07 $278.12 $0.00 $212.79 $38,125.98
252 $38,125.98 $278.12 $0.00 $215.57 $38,619.67
253 $38,619.67 $0.00 $38,838.48 $218.36 -$0.45