Savings Plan and Future Cost Estimation for University of Alaska Fairbanks

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$87,024
Monthly savings required$688

How much will it cost to send your child to University of Alaska Fairbanks in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $348,095.57 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $687.76 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$23,196.00
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 $687.76 $0.00 $0.00 $687.76
2 $687.76 $687.76 $0.00 $3.89 $1,379.41
3 $1,379.41 $687.76 $0.00 $7.80 $2,074.97
4 $2,074.97 $687.76 $0.00 $11.73 $2,774.46
5 $2,774.46 $687.76 $0.00 $15.69 $3,477.91
6 $3,477.91 $687.76 $0.00 $19.66 $4,185.33
7 $4,185.33 $687.76 $0.00 $23.66 $4,896.75
8 $4,896.75 $687.76 $0.00 $27.69 $5,612.20
9 $5,612.20 $687.76 $0.00 $31.73 $6,331.69
10 $6,331.69 $687.76 $0.00 $35.80 $7,055.25
11 $7,055.25 $687.76 $0.00 $39.89 $7,782.90
12 $7,782.90 $687.76 $0.00 $44.01 $8,514.67
13 $8,514.67 $687.76 $0.00 $48.14 $9,250.57
14 $9,250.57 $687.76 $0.00 $52.30 $9,990.63
15 $9,990.63 $687.76 $0.00 $56.49 $10,734.88
16 $10,734.88 $687.76 $0.00 $60.70 $11,483.34
17 $11,483.34 $687.76 $0.00 $64.93 $12,236.03
18 $12,236.03 $687.76 $0.00 $69.18 $12,992.97
19 $12,992.97 $687.76 $0.00 $73.46 $13,754.19
20 $13,754.19 $687.76 $0.00 $77.77 $14,519.72
21 $14,519.72 $687.76 $0.00 $82.10 $15,289.58
22 $15,289.58 $687.76 $0.00 $86.45 $16,063.79
23 $16,063.79 $687.76 $0.00 $90.83 $16,842.38
24 $16,842.38 $687.76 $0.00 $95.23 $17,625.37
25 $17,625.37 $687.76 $0.00 $99.66 $18,412.79
26 $18,412.79 $687.76 $0.00 $104.11 $19,204.66
27 $19,204.66 $687.76 $0.00 $108.59 $20,001.01
28 $20,001.01 $687.76 $0.00 $113.09 $20,801.86
29 $20,801.86 $687.76 $0.00 $117.62 $21,607.24
30 $21,607.24 $687.76 $0.00 $122.17 $22,417.17
31 $22,417.17 $687.76 $0.00 $126.75 $23,231.68
32 $23,231.68 $687.76 $0.00 $131.36 $24,050.80
33 $24,050.80 $687.76 $0.00 $135.99 $24,874.55
34 $24,874.55 $687.76 $0.00 $140.64 $25,702.95
35 $25,702.95 $687.76 $0.00 $145.33 $26,536.04
36 $26,536.04 $687.76 $0.00 $150.04 $27,373.84
37 $27,373.84 $687.76 $0.00 $154.78 $28,216.38
38 $28,216.38 $687.76 $0.00 $159.54 $29,063.68
39 $29,063.68 $687.76 $0.00 $164.33 $29,915.77
40 $29,915.77 $687.76 $0.00 $169.15 $30,772.68
41 $30,772.68 $687.76 $0.00 $173.99 $31,634.43
42 $31,634.43 $687.76 $0.00 $178.87 $32,501.06
43 $32,501.06 $687.76 $0.00 $183.77 $33,372.59
44 $33,372.59 $687.76 $0.00 $188.69 $34,249.04
45 $34,249.04 $687.76 $0.00 $193.65 $35,130.45
46 $35,130.45 $687.76 $0.00 $198.63 $36,016.84
47 $36,016.84 $687.76 $0.00 $203.64 $36,908.24
48 $36,908.24 $687.76 $0.00 $208.68 $37,804.68
49 $37,804.68 $687.76 $0.00 $213.75 $38,706.19
50 $38,706.19 $687.76 $0.00 $218.85 $39,612.80
51 $39,612.80 $687.76 $0.00 $223.98 $40,524.54
52 $40,524.54 $687.76 $0.00 $229.13 $41,441.43
53 $41,441.43 $687.76 $0.00 $234.32 $42,363.51
54 $42,363.51 $687.76 $0.00 $239.53 $43,290.80
55 $43,290.80 $687.76 $0.00 $244.77 $44,223.33
56 $44,223.33 $687.76 $0.00 $250.05 $45,161.14
57 $45,161.14 $687.76 $0.00 $255.35 $46,104.25
58 $46,104.25 $687.76 $0.00 $260.68 $47,052.69
59 $47,052.69 $687.76 $0.00 $266.04 $48,006.49
60 $48,006.49 $687.76 $0.00 $271.44 $48,965.69
61 $48,965.69 $687.76 $0.00 $276.86 $49,930.31
62 $49,930.31 $687.76 $0.00 $282.31 $50,900.38
63 $50,900.38 $687.76 $0.00 $287.80 $51,875.94
64 $51,875.94 $687.76 $0.00 $293.31 $52,857.01
65 $52,857.01 $687.76 $0.00 $298.86 $53,843.63
66 $53,843.63 $687.76 $0.00 $304.44 $54,835.83
67 $54,835.83 $687.76 $0.00 $310.05 $55,833.64
68 $55,833.64 $687.76 $0.00 $315.69 $56,837.09
69 $56,837.09 $687.76 $0.00 $321.37 $57,846.22
70 $57,846.22 $687.76 $0.00 $327.07 $58,861.05
71 $58,861.05 $687.76 $0.00 $332.81 $59,881.62
72 $59,881.62 $687.76 $0.00 $338.58 $60,907.96
73 $60,907.96 $687.76 $0.00 $344.38 $61,940.10
74 $61,940.10 $687.76 $0.00 $350.22 $62,978.08
75 $62,978.08 $687.76 $0.00 $356.09 $64,021.93
76 $64,021.93 $687.76 $0.00 $361.99 $65,071.68
77 $65,071.68 $687.76 $0.00 $367.92 $66,127.36
78 $66,127.36 $687.76 $0.00 $373.89 $67,189.01
79 $67,189.01 $687.76 $0.00 $379.90 $68,256.67
80 $68,256.67 $687.76 $0.00 $385.93 $69,330.36
81 $69,330.36 $687.76 $0.00 $392.00 $70,410.12
82 $70,410.12 $687.76 $0.00 $398.11 $71,495.99
83 $71,495.99 $687.76 $0.00 $404.25 $72,588.00
84 $72,588.00 $687.76 $0.00 $410.42 $73,686.18
85 $73,686.18 $687.76 $0.00 $416.63 $74,790.57
86 $74,790.57 $687.76 $0.00 $422.88 $75,901.21
87 $75,901.21 $687.76 $0.00 $429.16 $77,018.13
88 $77,018.13 $687.76 $0.00 $435.47 $78,141.36
89 $78,141.36 $687.76 $0.00 $441.82 $79,270.94
90 $79,270.94 $687.76 $0.00 $448.21 $80,406.91
91 $80,406.91 $687.76 $0.00 $454.63 $81,549.30
92 $81,549.30 $687.76 $0.00 $461.09 $82,698.15
93 $82,698.15 $687.76 $0.00 $467.59 $83,853.50
94 $83,853.50 $687.76 $0.00 $474.12 $85,015.38
95 $85,015.38 $687.76 $0.00 $480.69 $86,183.83
96 $86,183.83 $687.76 $0.00 $487.30 $87,358.89
97 $87,358.89 $687.76 $0.00 $493.94 $88,540.59
98 $88,540.59 $687.76 $0.00 $500.62 $89,728.97
99 $89,728.97 $687.76 $0.00 $507.34 $90,924.07
100 $90,924.07 $687.76 $0.00 $514.10 $92,125.93
101 $92,125.93 $687.76 $0.00 $520.89 $93,334.58
102 $93,334.58 $687.76 $0.00 $527.73 $94,550.07
103 $94,550.07 $687.76 $0.00 $534.60 $95,772.43
104 $95,772.43 $687.76 $0.00 $541.51 $97,001.70
105 $97,001.70 $687.76 $0.00 $548.46 $98,237.92
106 $98,237.92 $687.76 $0.00 $555.45 $99,481.13
107 $99,481.13 $687.76 $0.00 $562.48 $100,731.37
108 $100,731.37 $687.76 $0.00 $569.55 $101,988.68
109 $101,988.68 $687.76 $0.00 $576.66 $103,253.10
110 $103,253.10 $687.76 $0.00 $583.81 $104,524.67
111 $104,524.67 $687.76 $0.00 $591.00 $105,803.43
112 $105,803.43 $687.76 $0.00 $598.23 $107,089.42
113 $107,089.42 $687.76 $0.00 $605.50 $108,382.68
114 $108,382.68 $687.76 $0.00 $612.81 $109,683.25
115 $109,683.25 $687.76 $0.00 $620.17 $110,991.18
116 $110,991.18 $687.76 $0.00 $627.56 $112,306.50
117 $112,306.50 $687.76 $0.00 $635.00 $113,629.26
118 $113,629.26 $687.76 $0.00 $642.48 $114,959.50
119 $114,959.50 $687.76 $0.00 $650.00 $116,297.26
120 $116,297.26 $687.76 $0.00 $657.56 $117,642.58
121 $117,642.58 $687.76 $0.00 $665.17 $118,995.51
122 $118,995.51 $687.76 $0.00 $672.82 $120,356.09
123 $120,356.09 $687.76 $0.00 $680.51 $121,724.36
124 $121,724.36 $687.76 $0.00 $688.25 $123,100.37
125 $123,100.37 $687.76 $0.00 $696.03 $124,484.16
126 $124,484.16 $687.76 $0.00 $703.85 $125,875.77
127 $125,875.77 $687.76 $0.00 $711.72 $127,275.25
128 $127,275.25 $687.76 $0.00 $719.63 $128,682.64
129 $128,682.64 $687.76 $0.00 $727.59 $130,097.99
130 $130,097.99 $687.76 $0.00 $735.59 $131,521.34
131 $131,521.34 $687.76 $0.00 $743.64 $132,952.74
132 $132,952.74 $687.76 $0.00 $751.73 $134,392.23
133 $134,392.23 $687.76 $0.00 $759.87 $135,839.86
134 $135,839.86 $687.76 $0.00 $768.06 $137,295.68
135 $137,295.68 $687.76 $0.00 $776.29 $138,759.73
136 $138,759.73 $687.76 $0.00 $784.57 $140,232.06
137 $140,232.06 $687.76 $0.00 $792.89 $141,712.71
138 $141,712.71 $687.76 $0.00 $801.26 $143,201.73
139 $143,201.73 $687.76 $0.00 $809.68 $144,699.17
140 $144,699.17 $687.76 $0.00 $818.15 $146,205.08
141 $146,205.08 $687.76 $0.00 $826.66 $147,719.50
142 $147,719.50 $687.76 $0.00 $835.23 $149,242.49
143 $149,242.49 $687.76 $0.00 $843.84 $150,774.09
144 $150,774.09 $687.76 $0.00 $852.50 $152,314.35
145 $152,314.35 $687.76 $0.00 $861.21 $153,863.32
146 $153,863.32 $687.76 $0.00 $869.97 $155,421.05
147 $155,421.05 $687.76 $0.00 $878.77 $156,987.58
148 $156,987.58 $687.76 $0.00 $887.63 $158,562.97
149 $158,562.97 $687.76 $0.00 $896.54 $160,147.27
150 $160,147.27 $687.76 $0.00 $905.50 $161,740.53
151 $161,740.53 $687.76 $0.00 $914.50 $163,342.79
152 $163,342.79 $687.76 $0.00 $923.56 $164,954.11
153 $164,954.11 $687.76 $0.00 $932.67 $166,574.54
154 $166,574.54 $687.76 $0.00 $941.84 $168,204.14
155 $168,204.14 $687.76 $0.00 $951.05 $169,842.95
156 $169,842.95 $687.76 $0.00 $960.32 $171,491.03
157 $171,491.03 $687.76 $0.00 $969.64 $173,148.43
158 $173,148.43 $687.76 $0.00 $979.01 $174,815.20
159 $174,815.20 $687.76 $0.00 $988.43 $176,491.39
160 $176,491.39 $687.76 $0.00 $997.91 $178,177.06
161 $178,177.06 $687.76 $0.00 $1,007.44 $179,872.26
162 $179,872.26 $687.76 $0.00 $1,017.02 $181,577.04
163 $181,577.04 $687.76 $0.00 $1,026.66 $183,291.46
164 $183,291.46 $687.76 $0.00 $1,036.36 $185,015.58
165 $185,015.58 $687.76 $0.00 $1,046.10 $186,749.44
166 $186,749.44 $687.76 $0.00 $1,055.91 $188,493.11
167 $188,493.11 $687.76 $0.00 $1,065.77 $190,246.64
168 $190,246.64 $687.76 $0.00 $1,075.68 $192,010.08
169 $192,010.08 $687.76 $0.00 $1,085.65 $193,783.49
170 $193,783.49 $687.76 $0.00 $1,095.68 $195,566.93
171 $195,566.93 $687.76 $0.00 $1,105.76 $197,360.45
172 $197,360.45 $687.76 $0.00 $1,115.90 $199,164.11
173 $199,164.11 $687.76 $0.00 $1,126.10 $200,977.97
174 $200,977.97 $687.76 $0.00 $1,136.36 $202,802.09
175 $202,802.09 $687.76 $0.00 $1,146.67 $204,636.52
176 $204,636.52 $687.76 $0.00 $1,157.04 $206,481.32
177 $206,481.32 $687.76 $0.00 $1,167.48 $208,336.56
178 $208,336.56 $687.76 $0.00 $1,177.97 $210,202.29
179 $210,202.29 $687.76 $0.00 $1,188.51 $212,078.56
180 $212,078.56 $687.76 $0.00 $1,199.12 $213,965.44
181 $213,965.44 $687.76 $0.00 $1,209.79 $215,862.99
182 $215,862.99 $687.76 $0.00 $1,220.52 $217,771.27
183 $217,771.27 $687.76 $0.00 $1,231.31 $219,690.34
184 $219,690.34 $687.76 $0.00 $1,242.16 $221,620.26
185 $221,620.26 $687.76 $0.00 $1,253.07 $223,561.09
186 $223,561.09 $687.76 $0.00 $1,264.05 $225,512.90
187 $225,512.90 $687.76 $0.00 $1,275.08 $227,475.74
188 $227,475.74 $687.76 $0.00 $1,286.18 $229,449.68
189 $229,449.68 $687.76 $0.00 $1,297.34 $231,434.78
190 $231,434.78 $687.76 $0.00 $1,308.57 $233,431.11
191 $233,431.11 $687.76 $0.00 $1,319.85 $235,438.72
192 $235,438.72 $687.76 $0.00 $1,331.20 $237,457.68
193 $237,457.68 $687.76 $0.00 $1,342.62 $239,488.06
194 $239,488.06 $687.76 $0.00 $1,354.10 $241,529.92
195 $241,529.92 $687.76 $0.00 $1,365.65 $243,583.33
196 $243,583.33 $687.76 $0.00 $1,377.26 $245,648.35
197 $245,648.35 $687.76 $0.00 $1,388.93 $247,725.04
198 $247,725.04 $687.76 $0.00 $1,400.67 $249,813.47
199 $249,813.47 $687.76 $0.00 $1,412.48 $251,913.71
200 $251,913.71 $687.76 $0.00 $1,424.36 $254,025.83
201 $254,025.83 $687.76 $0.00 $1,436.30 $256,149.89
202 $256,149.89 $687.76 $0.00 $1,448.31 $258,285.96
203 $258,285.96 $687.76 $0.00 $1,460.39 $260,434.11
204 $260,434.11 $687.76 $0.00 $1,472.53 $262,594.40
205 $262,594.40 $687.76 $0.00 $1,484.75 $264,766.91
206 $264,766.91 $687.76 $0.00 $1,497.03 $266,951.70
207 $266,951.70 $687.76 $0.00 $1,509.38 $269,148.84
208 $269,148.84 $687.76 $0.00 $1,521.81 $271,358.41
209 $271,358.41 $687.76 $0.00 $1,534.30 $273,580.47
210 $273,580.47 $687.76 $0.00 $1,546.86 $275,815.09
211 $275,815.09 $687.76 $0.00 $1,559.50 $278,062.35
212 $278,062.35 $687.76 $0.00 $1,572.20 $280,322.31
213 $280,322.31 $687.76 $0.00 $1,584.98 $282,595.05
214 $282,595.05 $687.76 $0.00 $1,597.83 $284,880.64
215 $284,880.64 $687.76 $0.00 $1,610.76 $287,179.16
216 $287,179.16 $687.76 $0.00 $1,623.75 $289,490.67
217 $289,490.67 $687.76 $78,400.91 $1,636.82 $213,414.34
218 $213,414.34 $687.76 $0.00 $1,206.68 $215,308.78
219 $215,308.78 $687.76 $0.00 $1,217.39 $217,213.93
220 $217,213.93 $687.76 $0.00 $1,228.16 $219,129.85
221 $219,129.85 $687.76 $0.00 $1,238.99 $221,056.60
222 $221,056.60 $687.76 $0.00 $1,249.89 $222,994.25
223 $222,994.25 $687.76 $0.00 $1,260.84 $224,942.85
224 $224,942.85 $687.76 $0.00 $1,271.86 $226,902.47
225 $226,902.47 $687.76 $0.00 $1,282.94 $228,873.17
226 $228,873.17 $687.76 $0.00 $1,294.08 $230,855.01
227 $230,855.01 $687.76 $0.00 $1,305.29 $232,848.06
228 $232,848.06 $687.76 $0.00 $1,316.56 $234,852.38
229 $234,852.38 $687.76 $83,888.97 $1,327.89 $152,979.06
230 $152,979.06 $687.76 $0.00 $864.97 $154,531.79
231 $154,531.79 $687.76 $0.00 $873.75 $156,093.30
232 $156,093.30 $687.76 $0.00 $882.57 $157,663.63
233 $157,663.63 $687.76 $0.00 $891.45 $159,242.84
234 $159,242.84 $687.76 $0.00 $900.38 $160,830.98
235 $160,830.98 $687.76 $0.00 $909.36 $162,428.10
236 $162,428.10 $687.76 $0.00 $918.39 $164,034.25
237 $164,034.25 $687.76 $0.00 $927.47 $165,649.48
238 $165,649.48 $687.76 $0.00 $936.61 $167,273.85
239 $167,273.85 $687.76 $0.00 $945.79 $168,907.40
240 $168,907.40 $687.76 $0.00 $955.03 $170,550.19
241 $170,550.19 $687.76 $89,761.20 $964.32 $82,441.07
242 $82,441.07 $687.76 $0.00 $466.13 $83,594.96
243 $83,594.96 $687.76 $0.00 $472.66 $84,755.38
244 $84,755.38 $687.76 $0.00 $479.22 $85,922.36
245 $85,922.36 $687.76 $0.00 $485.82 $87,095.94
246 $87,095.94 $687.76 $0.00 $492.45 $88,276.15
247 $88,276.15 $687.76 $0.00 $499.13 $89,463.04
248 $89,463.04 $687.76 $0.00 $505.84 $90,656.64
249 $90,656.64 $687.76 $0.00 $512.59 $91,856.99
250 $91,856.99 $687.76 $0.00 $519.37 $93,064.12
251 $93,064.12 $687.76 $0.00 $526.20 $94,278.08
252 $94,278.08 $687.76 $0.00 $533.06 $95,498.90
253 $95,498.90 $0.00 $96,044.48 $539.96 -$5.62