Savings Plan and Future Cost Estimation for Western Connecticut State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$114,287
Monthly savings required$903

How much will it cost to send your child to Western Connecticut State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $457,149.30 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $903.24 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$30,463.00
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 $903.24 $0.00 $0.00 $903.24
2 $903.24 $903.24 $0.00 $5.11 $1,811.59
3 $1,811.59 $903.24 $0.00 $10.24 $2,725.07
4 $2,725.07 $903.24 $0.00 $15.41 $3,643.72
5 $3,643.72 $903.24 $0.00 $20.60 $4,567.56
6 $4,567.56 $903.24 $0.00 $25.83 $5,496.63
7 $5,496.63 $903.24 $0.00 $31.08 $6,430.95
8 $6,430.95 $903.24 $0.00 $36.36 $7,370.55
9 $7,370.55 $903.24 $0.00 $41.67 $8,315.46
10 $8,315.46 $903.24 $0.00 $47.02 $9,265.72
11 $9,265.72 $903.24 $0.00 $52.39 $10,221.35
12 $10,221.35 $903.24 $0.00 $57.79 $11,182.38
13 $11,182.38 $903.24 $0.00 $63.23 $12,148.85
14 $12,148.85 $903.24 $0.00 $68.69 $13,120.78
15 $13,120.78 $903.24 $0.00 $74.19 $14,098.21
16 $14,098.21 $903.24 $0.00 $79.71 $15,081.16
17 $15,081.16 $903.24 $0.00 $85.27 $16,069.67
18 $16,069.67 $903.24 $0.00 $90.86 $17,063.77
19 $17,063.77 $903.24 $0.00 $96.48 $18,063.49
20 $18,063.49 $903.24 $0.00 $102.13 $19,068.86
21 $19,068.86 $903.24 $0.00 $107.82 $20,079.92
22 $20,079.92 $903.24 $0.00 $113.53 $21,096.69
23 $21,096.69 $903.24 $0.00 $119.28 $22,119.21
24 $22,119.21 $903.24 $0.00 $125.07 $23,147.52
25 $23,147.52 $903.24 $0.00 $130.88 $24,181.64
26 $24,181.64 $903.24 $0.00 $136.73 $25,221.61
27 $25,221.61 $903.24 $0.00 $142.61 $26,267.46
28 $26,267.46 $903.24 $0.00 $148.52 $27,319.22
29 $27,319.22 $903.24 $0.00 $154.47 $28,376.93
30 $28,376.93 $903.24 $0.00 $160.45 $29,440.62
31 $29,440.62 $903.24 $0.00 $166.46 $30,510.32
32 $30,510.32 $903.24 $0.00 $172.51 $31,586.07
33 $31,586.07 $903.24 $0.00 $178.59 $32,667.90
34 $32,667.90 $903.24 $0.00 $184.71 $33,755.85
35 $33,755.85 $903.24 $0.00 $190.86 $34,849.95
36 $34,849.95 $903.24 $0.00 $197.05 $35,950.24
37 $35,950.24 $903.24 $0.00 $203.27 $37,056.75
38 $37,056.75 $903.24 $0.00 $209.52 $38,169.51
39 $38,169.51 $903.24 $0.00 $215.82 $39,288.57
40 $39,288.57 $903.24 $0.00 $222.14 $40,413.95
41 $40,413.95 $903.24 $0.00 $228.51 $41,545.70
42 $41,545.70 $903.24 $0.00 $234.91 $42,683.85
43 $42,683.85 $903.24 $0.00 $241.34 $43,828.43
44 $43,828.43 $903.24 $0.00 $247.81 $44,979.48
45 $44,979.48 $903.24 $0.00 $254.32 $46,137.04
46 $46,137.04 $903.24 $0.00 $260.87 $47,301.15
47 $47,301.15 $903.24 $0.00 $267.45 $48,471.84
48 $48,471.84 $903.24 $0.00 $274.07 $49,649.15
49 $49,649.15 $903.24 $0.00 $280.72 $50,833.11
50 $50,833.11 $903.24 $0.00 $287.42 $52,023.77
51 $52,023.77 $903.24 $0.00 $294.15 $53,221.16
52 $53,221.16 $903.24 $0.00 $300.92 $54,425.32
53 $54,425.32 $903.24 $0.00 $307.73 $55,636.29
54 $55,636.29 $903.24 $0.00 $314.58 $56,854.11
55 $56,854.11 $903.24 $0.00 $321.46 $58,078.81
56 $58,078.81 $903.24 $0.00 $328.39 $59,310.44
57 $59,310.44 $903.24 $0.00 $335.35 $60,549.03
58 $60,549.03 $903.24 $0.00 $342.35 $61,794.62
59 $61,794.62 $903.24 $0.00 $349.40 $63,047.26
60 $63,047.26 $903.24 $0.00 $356.48 $64,306.98
61 $64,306.98 $903.24 $0.00 $363.60 $65,573.82
62 $65,573.82 $903.24 $0.00 $370.76 $66,847.82
63 $66,847.82 $903.24 $0.00 $377.97 $68,129.03
64 $68,129.03 $903.24 $0.00 $385.21 $69,417.48
65 $69,417.48 $903.24 $0.00 $392.50 $70,713.22
66 $70,713.22 $903.24 $0.00 $399.82 $72,016.28
67 $72,016.28 $903.24 $0.00 $407.19 $73,326.71
68 $73,326.71 $903.24 $0.00 $414.60 $74,644.55
69 $74,644.55 $903.24 $0.00 $422.05 $75,969.84
70 $75,969.84 $903.24 $0.00 $429.54 $77,302.62
71 $77,302.62 $903.24 $0.00 $437.08 $78,642.94
72 $78,642.94 $903.24 $0.00 $444.66 $79,990.84
73 $79,990.84 $903.24 $0.00 $452.28 $81,346.36
74 $81,346.36 $903.24 $0.00 $459.94 $82,709.54
75 $82,709.54 $903.24 $0.00 $467.65 $84,080.43
76 $84,080.43 $903.24 $0.00 $475.40 $85,459.07
77 $85,459.07 $903.24 $0.00 $483.20 $86,845.51
78 $86,845.51 $903.24 $0.00 $491.04 $88,239.79
79 $88,239.79 $903.24 $0.00 $498.92 $89,641.95
80 $89,641.95 $903.24 $0.00 $506.85 $91,052.04
81 $91,052.04 $903.24 $0.00 $514.82 $92,470.10
82 $92,470.10 $903.24 $0.00 $522.84 $93,896.18
83 $93,896.18 $903.24 $0.00 $530.90 $95,330.32
84 $95,330.32 $903.24 $0.00 $539.01 $96,772.57
85 $96,772.57 $903.24 $0.00 $547.17 $98,222.98
86 $98,222.98 $903.24 $0.00 $555.37 $99,681.59
87 $99,681.59 $903.24 $0.00 $563.61 $101,148.44
88 $101,148.44 $903.24 $0.00 $571.91 $102,623.59
89 $102,623.59 $903.24 $0.00 $580.25 $104,107.08
90 $104,107.08 $903.24 $0.00 $588.64 $105,598.96
91 $105,598.96 $903.24 $0.00 $597.07 $107,099.27
92 $107,099.27 $903.24 $0.00 $605.55 $108,608.06
93 $108,608.06 $903.24 $0.00 $614.09 $110,125.39
94 $110,125.39 $903.24 $0.00 $622.66 $111,651.29
95 $111,651.29 $903.24 $0.00 $631.29 $113,185.82
96 $113,185.82 $903.24 $0.00 $639.97 $114,729.03
97 $114,729.03 $903.24 $0.00 $648.69 $116,280.96
98 $116,280.96 $903.24 $0.00 $657.47 $117,841.67
99 $117,841.67 $903.24 $0.00 $666.29 $119,411.20
100 $119,411.20 $903.24 $0.00 $675.17 $120,989.61
101 $120,989.61 $903.24 $0.00 $684.09 $122,576.94
102 $122,576.94 $903.24 $0.00 $693.07 $124,173.25
103 $124,173.25 $903.24 $0.00 $702.09 $125,778.58
104 $125,778.58 $903.24 $0.00 $711.17 $127,392.99
105 $127,392.99 $903.24 $0.00 $720.30 $129,016.53
106 $129,016.53 $903.24 $0.00 $729.48 $130,649.25
107 $130,649.25 $903.24 $0.00 $738.71 $132,291.20
108 $132,291.20 $903.24 $0.00 $747.99 $133,942.43
109 $133,942.43 $903.24 $0.00 $757.33 $135,603.00
110 $135,603.00 $903.24 $0.00 $766.72 $137,272.96
111 $137,272.96 $903.24 $0.00 $776.16 $138,952.36
112 $138,952.36 $903.24 $0.00 $785.66 $140,641.26
113 $140,641.26 $903.24 $0.00 $795.21 $142,339.71
114 $142,339.71 $903.24 $0.00 $804.81 $144,047.76
115 $144,047.76 $903.24 $0.00 $814.47 $145,765.47
116 $145,765.47 $903.24 $0.00 $824.18 $147,492.89
117 $147,492.89 $903.24 $0.00 $833.95 $149,230.08
118 $149,230.08 $903.24 $0.00 $843.77 $150,977.09
119 $150,977.09 $903.24 $0.00 $853.65 $152,733.98
120 $152,733.98 $903.24 $0.00 $863.58 $154,500.80
121 $154,500.80 $903.24 $0.00 $873.57 $156,277.61
122 $156,277.61 $903.24 $0.00 $883.62 $158,064.47
123 $158,064.47 $903.24 $0.00 $893.72 $159,861.43
124 $159,861.43 $903.24 $0.00 $903.88 $161,668.55
125 $161,668.55 $903.24 $0.00 $914.10 $163,485.89
126 $163,485.89 $903.24 $0.00 $924.37 $165,313.50
127 $165,313.50 $903.24 $0.00 $934.71 $167,151.45
128 $167,151.45 $903.24 $0.00 $945.10 $168,999.79
129 $168,999.79 $903.24 $0.00 $955.55 $170,858.58
130 $170,858.58 $903.24 $0.00 $966.06 $172,727.88
131 $172,727.88 $903.24 $0.00 $976.63 $174,607.75
132 $174,607.75 $903.24 $0.00 $987.26 $176,498.25
133 $176,498.25 $903.24 $0.00 $997.95 $178,399.44
134 $178,399.44 $903.24 $0.00 $1,008.70 $180,311.38
135 $180,311.38 $903.24 $0.00 $1,019.51 $182,234.13
136 $182,234.13 $903.24 $0.00 $1,030.38 $184,167.75
137 $184,167.75 $903.24 $0.00 $1,041.31 $186,112.30
138 $186,112.30 $903.24 $0.00 $1,052.31 $188,067.85
139 $188,067.85 $903.24 $0.00 $1,063.36 $190,034.45
140 $190,034.45 $903.24 $0.00 $1,074.48 $192,012.17
141 $192,012.17 $903.24 $0.00 $1,085.66 $194,001.07
142 $194,001.07 $903.24 $0.00 $1,096.91 $196,001.22
143 $196,001.22 $903.24 $0.00 $1,108.22 $198,012.68
144 $198,012.68 $903.24 $0.00 $1,119.59 $200,035.51
145 $200,035.51 $903.24 $0.00 $1,131.03 $202,069.78
146 $202,069.78 $903.24 $0.00 $1,142.53 $204,115.55
147 $204,115.55 $903.24 $0.00 $1,154.10 $206,172.89
148 $206,172.89 $903.24 $0.00 $1,165.73 $208,241.86
149 $208,241.86 $903.24 $0.00 $1,177.43 $210,322.53
150 $210,322.53 $903.24 $0.00 $1,189.19 $212,414.96
151 $212,414.96 $903.24 $0.00 $1,201.03 $214,519.23
152 $214,519.23 $903.24 $0.00 $1,212.92 $216,635.39
153 $216,635.39 $903.24 $0.00 $1,224.89 $218,763.52
154 $218,763.52 $903.24 $0.00 $1,236.92 $220,903.68
155 $220,903.68 $903.24 $0.00 $1,249.02 $223,055.94
156 $223,055.94 $903.24 $0.00 $1,261.19 $225,220.37
157 $225,220.37 $903.24 $0.00 $1,273.43 $227,397.04
158 $227,397.04 $903.24 $0.00 $1,285.74 $229,586.02
159 $229,586.02 $903.24 $0.00 $1,298.11 $231,787.37
160 $231,787.37 $903.24 $0.00 $1,310.56 $234,001.17
161 $234,001.17 $903.24 $0.00 $1,323.08 $236,227.49
162 $236,227.49 $903.24 $0.00 $1,335.66 $238,466.39
163 $238,466.39 $903.24 $0.00 $1,348.32 $240,717.95
164 $240,717.95 $903.24 $0.00 $1,361.05 $242,982.24
165 $242,982.24 $903.24 $0.00 $1,373.86 $245,259.34
166 $245,259.34 $903.24 $0.00 $1,386.73 $247,549.31
167 $247,549.31 $903.24 $0.00 $1,399.68 $249,852.23
168 $249,852.23 $903.24 $0.00 $1,412.70 $252,168.17
169 $252,168.17 $903.24 $0.00 $1,425.80 $254,497.21
170 $254,497.21 $903.24 $0.00 $1,438.96 $256,839.41
171 $256,839.41 $903.24 $0.00 $1,452.21 $259,194.86
172 $259,194.86 $903.24 $0.00 $1,465.53 $261,563.63
173 $261,563.63 $903.24 $0.00 $1,478.92 $263,945.79
174 $263,945.79 $903.24 $0.00 $1,492.39 $266,341.42
175 $266,341.42 $903.24 $0.00 $1,505.93 $268,750.59
176 $268,750.59 $903.24 $0.00 $1,519.55 $271,173.38
177 $271,173.38 $903.24 $0.00 $1,533.25 $273,609.87
178 $273,609.87 $903.24 $0.00 $1,547.03 $276,060.14
179 $276,060.14 $903.24 $0.00 $1,560.88 $278,524.26
180 $278,524.26 $903.24 $0.00 $1,574.82 $281,002.32
181 $281,002.32 $903.24 $0.00 $1,588.83 $283,494.39
182 $283,494.39 $903.24 $0.00 $1,602.92 $286,000.55
183 $286,000.55 $903.24 $0.00 $1,617.09 $288,520.88
184 $288,520.88 $903.24 $0.00 $1,631.34 $291,055.46
185 $291,055.46 $903.24 $0.00 $1,645.67 $293,604.37
186 $293,604.37 $903.24 $0.00 $1,660.08 $296,167.69
187 $296,167.69 $903.24 $0.00 $1,674.58 $298,745.51
188 $298,745.51 $903.24 $0.00 $1,689.15 $301,337.90
189 $301,337.90 $903.24 $0.00 $1,703.81 $303,944.95
190 $303,944.95 $903.24 $0.00 $1,718.55 $306,566.74
191 $306,566.74 $903.24 $0.00 $1,733.37 $309,203.35
192 $309,203.35 $903.24 $0.00 $1,748.28 $311,854.87
193 $311,854.87 $903.24 $0.00 $1,763.27 $314,521.38
194 $314,521.38 $903.24 $0.00 $1,778.35 $317,202.97
195 $317,202.97 $903.24 $0.00 $1,793.51 $319,899.72
196 $319,899.72 $903.24 $0.00 $1,808.76 $322,611.72
197 $322,611.72 $903.24 $0.00 $1,824.09 $325,339.05
198 $325,339.05 $903.24 $0.00 $1,839.51 $328,081.80
199 $328,081.80 $903.24 $0.00 $1,855.02 $330,840.06
200 $330,840.06 $903.24 $0.00 $1,870.62 $333,613.92
201 $333,613.92 $903.24 $0.00 $1,886.30 $336,403.46
202 $336,403.46 $903.24 $0.00 $1,902.07 $339,208.77
203 $339,208.77 $903.24 $0.00 $1,917.94 $342,029.95
204 $342,029.95 $903.24 $0.00 $1,933.89 $344,867.08
205 $344,867.08 $903.24 $0.00 $1,949.93 $347,720.25
206 $347,720.25 $903.24 $0.00 $1,966.06 $350,589.55
207 $350,589.55 $903.24 $0.00 $1,982.28 $353,475.07
208 $353,475.07 $903.24 $0.00 $1,998.60 $356,376.91
209 $356,376.91 $903.24 $0.00 $2,015.01 $359,295.16
210 $359,295.16 $903.24 $0.00 $2,031.51 $362,229.91
211 $362,229.91 $903.24 $0.00 $2,048.10 $365,181.25
212 $365,181.25 $903.24 $0.00 $2,064.79 $368,149.28
213 $368,149.28 $903.24 $0.00 $2,081.57 $371,134.09
214 $371,134.09 $903.24 $0.00 $2,098.45 $374,135.78
215 $374,135.78 $903.24 $0.00 $2,115.42 $377,154.44
216 $377,154.44 $903.24 $0.00 $2,132.49 $380,190.17
217 $380,190.17 $903.24 $102,962.88 $2,149.65 $280,280.18
218 $280,280.18 $903.24 $0.00 $1,584.74 $282,768.16
219 $282,768.16 $903.24 $0.00 $1,598.81 $285,270.21
220 $285,270.21 $903.24 $0.00 $1,612.96 $287,786.41
221 $287,786.41 $903.24 $0.00 $1,627.19 $290,316.84
222 $290,316.84 $903.24 $0.00 $1,641.49 $292,861.57
223 $292,861.57 $903.24 $0.00 $1,655.88 $295,420.69
224 $295,420.69 $903.24 $0.00 $1,670.35 $297,994.28
225 $297,994.28 $903.24 $0.00 $1,684.90 $300,582.42
226 $300,582.42 $903.24 $0.00 $1,699.54 $303,185.20
227 $303,185.20 $903.24 $0.00 $1,714.25 $305,802.69
228 $305,802.69 $903.24 $0.00 $1,729.05 $308,434.98
229 $308,434.98 $903.24 $110,170.28 $1,743.94 $200,911.88
230 $200,911.88 $903.24 $0.00 $1,135.98 $202,951.10
231 $202,951.10 $903.24 $0.00 $1,147.52 $205,001.86
232 $205,001.86 $903.24 $0.00 $1,159.11 $207,064.21
233 $207,064.21 $903.24 $0.00 $1,170.77 $209,138.22
234 $209,138.22 $903.24 $0.00 $1,182.50 $211,223.96
235 $211,223.96 $903.24 $0.00 $1,194.29 $213,321.49
236 $213,321.49 $903.24 $0.00 $1,206.15 $215,430.88
237 $215,430.88 $903.24 $0.00 $1,218.08 $217,552.20
238 $217,552.20 $903.24 $0.00 $1,230.07 $219,685.51
239 $219,685.51 $903.24 $0.00 $1,242.13 $221,830.88
240 $221,830.88 $903.24 $0.00 $1,254.26 $223,988.38
241 $223,988.38 $903.24 $117,882.20 $1,266.46 $108,275.88
242 $108,275.88 $903.24 $0.00 $612.21 $109,791.33
243 $109,791.33 $903.24 $0.00 $620.78 $111,315.35
244 $111,315.35 $903.24 $0.00 $629.39 $112,847.98
245 $112,847.98 $903.24 $0.00 $638.06 $114,389.28
246 $114,389.28 $903.24 $0.00 $646.77 $115,939.29
247 $115,939.29 $903.24 $0.00 $655.54 $117,498.07
248 $117,498.07 $903.24 $0.00 $664.35 $119,065.66
249 $119,065.66 $903.24 $0.00 $673.21 $120,642.11
250 $120,642.11 $903.24 $0.00 $682.13 $122,227.48
251 $122,227.48 $903.24 $0.00 $691.09 $123,821.81
252 $123,821.81 $903.24 $0.00 $700.11 $125,425.16
253 $125,425.16 $0.00 $126,133.95 $709.17 $0.38