Savings Plan and Future Cost Estimation for Florida National University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$119,044
Monthly savings required$941

How much will it cost to send your child to Florida National University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $476,177.81 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $940.84 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$31,731.00
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 $940.84 $0.00 $0.00 $940.84
2 $940.84 $940.84 $0.00 $5.32 $1,887.00
3 $1,887.00 $940.84 $0.00 $10.67 $2,838.51
4 $2,838.51 $940.84 $0.00 $16.05 $3,795.40
5 $3,795.40 $940.84 $0.00 $21.46 $4,757.70
6 $4,757.70 $940.84 $0.00 $26.90 $5,725.44
7 $5,725.44 $940.84 $0.00 $32.37 $6,698.65
8 $6,698.65 $940.84 $0.00 $37.88 $7,677.37
9 $7,677.37 $940.84 $0.00 $43.41 $8,661.62
10 $8,661.62 $940.84 $0.00 $48.97 $9,651.43
11 $9,651.43 $940.84 $0.00 $54.57 $10,646.84
12 $10,646.84 $940.84 $0.00 $60.20 $11,647.88
13 $11,647.88 $940.84 $0.00 $65.86 $12,654.58
14 $12,654.58 $940.84 $0.00 $71.55 $13,666.97
15 $13,666.97 $940.84 $0.00 $77.28 $14,685.09
16 $14,685.09 $940.84 $0.00 $83.03 $15,708.96
17 $15,708.96 $940.84 $0.00 $88.82 $16,738.62
18 $16,738.62 $940.84 $0.00 $94.64 $17,774.10
19 $17,774.10 $940.84 $0.00 $100.50 $18,815.44
20 $18,815.44 $940.84 $0.00 $106.39 $19,862.67
21 $19,862.67 $940.84 $0.00 $112.31 $20,915.82
22 $20,915.82 $940.84 $0.00 $118.26 $21,974.92
23 $21,974.92 $940.84 $0.00 $124.25 $23,040.01
24 $23,040.01 $940.84 $0.00 $130.27 $24,111.12
25 $24,111.12 $940.84 $0.00 $136.33 $25,188.29
26 $25,188.29 $940.84 $0.00 $142.42 $26,271.55
27 $26,271.55 $940.84 $0.00 $148.54 $27,360.93
28 $27,360.93 $940.84 $0.00 $154.70 $28,456.47
29 $28,456.47 $940.84 $0.00 $160.90 $29,558.21
30 $29,558.21 $940.84 $0.00 $167.13 $30,666.18
31 $30,666.18 $940.84 $0.00 $173.39 $31,780.41
32 $31,780.41 $940.84 $0.00 $179.69 $32,900.94
33 $32,900.94 $940.84 $0.00 $186.03 $34,027.81
34 $34,027.81 $940.84 $0.00 $192.40 $35,161.05
35 $35,161.05 $940.84 $0.00 $198.81 $36,300.70
36 $36,300.70 $940.84 $0.00 $205.25 $37,446.79
37 $37,446.79 $940.84 $0.00 $211.73 $38,599.36
38 $38,599.36 $940.84 $0.00 $218.25 $39,758.45
39 $39,758.45 $940.84 $0.00 $224.80 $40,924.09
40 $40,924.09 $940.84 $0.00 $231.39 $42,096.32
41 $42,096.32 $940.84 $0.00 $238.02 $43,275.18
42 $43,275.18 $940.84 $0.00 $244.68 $44,460.70
43 $44,460.70 $940.84 $0.00 $251.39 $45,652.93
44 $45,652.93 $940.84 $0.00 $258.13 $46,851.90
45 $46,851.90 $940.84 $0.00 $264.91 $48,057.65
46 $48,057.65 $940.84 $0.00 $271.72 $49,270.21
47 $49,270.21 $940.84 $0.00 $278.58 $50,489.63
48 $50,489.63 $940.84 $0.00 $285.48 $51,715.95
49 $51,715.95 $940.84 $0.00 $292.41 $52,949.20
50 $52,949.20 $940.84 $0.00 $299.38 $54,189.42
51 $54,189.42 $940.84 $0.00 $306.39 $55,436.65
52 $55,436.65 $940.84 $0.00 $313.45 $56,690.94
53 $56,690.94 $940.84 $0.00 $320.54 $57,952.32
54 $57,952.32 $940.84 $0.00 $327.67 $59,220.83
55 $59,220.83 $940.84 $0.00 $334.84 $60,496.51
56 $60,496.51 $940.84 $0.00 $342.06 $61,779.41
57 $61,779.41 $940.84 $0.00 $349.31 $63,069.56
58 $63,069.56 $940.84 $0.00 $356.60 $64,367.00
59 $64,367.00 $940.84 $0.00 $363.94 $65,671.78
60 $65,671.78 $940.84 $0.00 $371.32 $66,983.94
61 $66,983.94 $940.84 $0.00 $378.74 $68,303.52
62 $68,303.52 $940.84 $0.00 $386.20 $69,630.56
63 $69,630.56 $940.84 $0.00 $393.70 $70,965.10
64 $70,965.10 $940.84 $0.00 $401.25 $72,307.19
65 $72,307.19 $940.84 $0.00 $408.84 $73,656.87
66 $73,656.87 $940.84 $0.00 $416.47 $75,014.18
67 $75,014.18 $940.84 $0.00 $424.14 $76,379.16
68 $76,379.16 $940.84 $0.00 $431.86 $77,751.86
69 $77,751.86 $940.84 $0.00 $439.62 $79,132.32
70 $79,132.32 $940.84 $0.00 $447.43 $80,520.59
71 $80,520.59 $940.84 $0.00 $455.28 $81,916.71
72 $81,916.71 $940.84 $0.00 $463.17 $83,320.72
73 $83,320.72 $940.84 $0.00 $471.11 $84,732.67
74 $84,732.67 $940.84 $0.00 $479.09 $86,152.60
75 $86,152.60 $940.84 $0.00 $487.12 $87,580.56
76 $87,580.56 $940.84 $0.00 $495.19 $89,016.59
77 $89,016.59 $940.84 $0.00 $503.31 $90,460.74
78 $90,460.74 $940.84 $0.00 $511.48 $91,913.06
79 $91,913.06 $940.84 $0.00 $519.69 $93,373.59
80 $93,373.59 $940.84 $0.00 $527.95 $94,842.38
81 $94,842.38 $940.84 $0.00 $536.25 $96,319.47
82 $96,319.47 $940.84 $0.00 $544.60 $97,804.91
83 $97,804.91 $940.84 $0.00 $553.00 $99,298.75
84 $99,298.75 $940.84 $0.00 $561.45 $100,801.04
85 $100,801.04 $940.84 $0.00 $569.94 $102,311.82
86 $102,311.82 $940.84 $0.00 $578.49 $103,831.15
87 $103,831.15 $940.84 $0.00 $587.08 $105,359.07
88 $105,359.07 $940.84 $0.00 $595.72 $106,895.63
89 $106,895.63 $940.84 $0.00 $604.40 $108,440.87
90 $108,440.87 $940.84 $0.00 $613.14 $109,994.85
91 $109,994.85 $940.84 $0.00 $621.93 $111,557.62
92 $111,557.62 $940.84 $0.00 $630.76 $113,129.22
93 $113,129.22 $940.84 $0.00 $639.65 $114,709.71
94 $114,709.71 $940.84 $0.00 $648.59 $116,299.14
95 $116,299.14 $940.84 $0.00 $657.57 $117,897.55
96 $117,897.55 $940.84 $0.00 $666.61 $119,505.00
97 $119,505.00 $940.84 $0.00 $675.70 $121,121.54
98 $121,121.54 $940.84 $0.00 $684.84 $122,747.22
99 $122,747.22 $940.84 $0.00 $694.03 $124,382.09
100 $124,382.09 $940.84 $0.00 $703.27 $126,026.20
101 $126,026.20 $940.84 $0.00 $712.57 $127,679.61
102 $127,679.61 $940.84 $0.00 $721.92 $129,342.37
103 $129,342.37 $940.84 $0.00 $731.32 $131,014.53
104 $131,014.53 $940.84 $0.00 $740.78 $132,696.15
105 $132,696.15 $940.84 $0.00 $750.28 $134,387.27
106 $134,387.27 $940.84 $0.00 $759.85 $136,087.96
107 $136,087.96 $940.84 $0.00 $769.46 $137,798.26
108 $137,798.26 $940.84 $0.00 $779.13 $139,518.23
109 $139,518.23 $940.84 $0.00 $788.86 $141,247.93
110 $141,247.93 $940.84 $0.00 $798.64 $142,987.41
111 $142,987.41 $940.84 $0.00 $808.47 $144,736.72
112 $144,736.72 $940.84 $0.00 $818.36 $146,495.92
113 $146,495.92 $940.84 $0.00 $828.31 $148,265.07
114 $148,265.07 $940.84 $0.00 $838.31 $150,044.22
115 $150,044.22 $940.84 $0.00 $848.37 $151,833.43
116 $151,833.43 $940.84 $0.00 $858.49 $153,632.76
117 $153,632.76 $940.84 $0.00 $868.66 $155,442.26
118 $155,442.26 $940.84 $0.00 $878.89 $157,261.99
119 $157,261.99 $940.84 $0.00 $889.18 $159,092.01
120 $159,092.01 $940.84 $0.00 $899.53 $160,932.38
121 $160,932.38 $940.84 $0.00 $909.94 $162,783.16
122 $162,783.16 $940.84 $0.00 $920.40 $164,644.40
123 $164,644.40 $940.84 $0.00 $930.92 $166,516.16
124 $166,516.16 $940.84 $0.00 $941.51 $168,398.51
125 $168,398.51 $940.84 $0.00 $952.15 $170,291.50
126 $170,291.50 $940.84 $0.00 $962.85 $172,195.19
127 $172,195.19 $940.84 $0.00 $973.62 $174,109.65
128 $174,109.65 $940.84 $0.00 $984.44 $176,034.93
129 $176,034.93 $940.84 $0.00 $995.33 $177,971.10
130 $177,971.10 $940.84 $0.00 $1,006.27 $179,918.21
131 $179,918.21 $940.84 $0.00 $1,017.28 $181,876.33
132 $181,876.33 $940.84 $0.00 $1,028.36 $183,845.53
133 $183,845.53 $940.84 $0.00 $1,039.49 $185,825.86
134 $185,825.86 $940.84 $0.00 $1,050.69 $187,817.39
135 $187,817.39 $940.84 $0.00 $1,061.95 $189,820.18
136 $189,820.18 $940.84 $0.00 $1,073.27 $191,834.29
137 $191,834.29 $940.84 $0.00 $1,084.66 $193,859.79
138 $193,859.79 $940.84 $0.00 $1,096.11 $195,896.74
139 $195,896.74 $940.84 $0.00 $1,107.63 $197,945.21
140 $197,945.21 $940.84 $0.00 $1,119.21 $200,005.26
141 $200,005.26 $940.84 $0.00 $1,130.86 $202,076.96
142 $202,076.96 $940.84 $0.00 $1,142.57 $204,160.37
143 $204,160.37 $940.84 $0.00 $1,154.35 $206,255.56
144 $206,255.56 $940.84 $0.00 $1,166.20 $208,362.60
145 $208,362.60 $940.84 $0.00 $1,178.11 $210,481.55
146 $210,481.55 $940.84 $0.00 $1,190.09 $212,612.48
147 $212,612.48 $940.84 $0.00 $1,202.14 $214,755.46
148 $214,755.46 $940.84 $0.00 $1,214.26 $216,910.56
149 $216,910.56 $940.84 $0.00 $1,226.44 $219,077.84
150 $219,077.84 $940.84 $0.00 $1,238.70 $221,257.38
151 $221,257.38 $940.84 $0.00 $1,251.02 $223,449.24
152 $223,449.24 $940.84 $0.00 $1,263.41 $225,653.49
153 $225,653.49 $940.84 $0.00 $1,275.88 $227,870.21
154 $227,870.21 $940.84 $0.00 $1,288.41 $230,099.46
155 $230,099.46 $940.84 $0.00 $1,301.02 $232,341.32
156 $232,341.32 $940.84 $0.00 $1,313.69 $234,595.85
157 $234,595.85 $940.84 $0.00 $1,326.44 $236,863.13
158 $236,863.13 $940.84 $0.00 $1,339.26 $239,143.23
159 $239,143.23 $940.84 $0.00 $1,352.15 $241,436.22
160 $241,436.22 $940.84 $0.00 $1,365.12 $243,742.18
161 $243,742.18 $940.84 $0.00 $1,378.15 $246,061.17
162 $246,061.17 $940.84 $0.00 $1,391.27 $248,393.28
163 $248,393.28 $940.84 $0.00 $1,404.45 $250,738.57
164 $250,738.57 $940.84 $0.00 $1,417.71 $253,097.12
165 $253,097.12 $940.84 $0.00 $1,431.05 $255,469.01
166 $255,469.01 $940.84 $0.00 $1,444.46 $257,854.31
167 $257,854.31 $940.84 $0.00 $1,457.95 $260,253.10
168 $260,253.10 $940.84 $0.00 $1,471.51 $262,665.45
169 $262,665.45 $940.84 $0.00 $1,485.15 $265,091.44
170 $265,091.44 $940.84 $0.00 $1,498.87 $267,531.15
171 $267,531.15 $940.84 $0.00 $1,512.66 $269,984.65
172 $269,984.65 $940.84 $0.00 $1,526.53 $272,452.02
173 $272,452.02 $940.84 $0.00 $1,540.48 $274,933.34
174 $274,933.34 $940.84 $0.00 $1,554.51 $277,428.69
175 $277,428.69 $940.84 $0.00 $1,568.62 $279,938.15
176 $279,938.15 $940.84 $0.00 $1,582.81 $282,461.80
177 $282,461.80 $940.84 $0.00 $1,597.08 $284,999.72
178 $284,999.72 $940.84 $0.00 $1,611.43 $287,551.99
179 $287,551.99 $940.84 $0.00 $1,625.86 $290,118.69
180 $290,118.69 $940.84 $0.00 $1,640.37 $292,699.90
181 $292,699.90 $940.84 $0.00 $1,654.97 $295,295.71
182 $295,295.71 $940.84 $0.00 $1,669.64 $297,906.19
183 $297,906.19 $940.84 $0.00 $1,684.40 $300,531.43
184 $300,531.43 $940.84 $0.00 $1,699.25 $303,171.52
185 $303,171.52 $940.84 $0.00 $1,714.18 $305,826.54
186 $305,826.54 $940.84 $0.00 $1,729.19 $308,496.57
187 $308,496.57 $940.84 $0.00 $1,744.28 $311,181.69
188 $311,181.69 $940.84 $0.00 $1,759.47 $313,882.00
189 $313,882.00 $940.84 $0.00 $1,774.73 $316,597.57
190 $316,597.57 $940.84 $0.00 $1,790.09 $319,328.50
191 $319,328.50 $940.84 $0.00 $1,805.53 $322,074.87
192 $322,074.87 $940.84 $0.00 $1,821.06 $324,836.77
193 $324,836.77 $940.84 $0.00 $1,836.67 $327,614.28
194 $327,614.28 $940.84 $0.00 $1,852.38 $330,407.50
195 $330,407.50 $940.84 $0.00 $1,868.17 $333,216.51
196 $333,216.51 $940.84 $0.00 $1,884.05 $336,041.40
197 $336,041.40 $940.84 $0.00 $1,900.03 $338,882.27
198 $338,882.27 $940.84 $0.00 $1,916.09 $341,739.20
199 $341,739.20 $940.84 $0.00 $1,932.24 $344,612.28
200 $344,612.28 $940.84 $0.00 $1,948.49 $347,501.61
201 $347,501.61 $940.84 $0.00 $1,964.82 $350,407.27
202 $350,407.27 $940.84 $0.00 $1,981.25 $353,329.36
203 $353,329.36 $940.84 $0.00 $1,997.78 $356,267.98
204 $356,267.98 $940.84 $0.00 $2,014.39 $359,223.21
205 $359,223.21 $940.84 $0.00 $2,031.10 $362,195.15
206 $362,195.15 $940.84 $0.00 $2,047.90 $365,183.89
207 $365,183.89 $940.84 $0.00 $2,064.80 $368,189.53
208 $368,189.53 $940.84 $0.00 $2,081.80 $371,212.17
209 $371,212.17 $940.84 $0.00 $2,098.89 $374,251.90
210 $374,251.90 $940.84 $0.00 $2,116.07 $377,308.81
211 $377,308.81 $940.84 $0.00 $2,133.36 $380,383.01
212 $380,383.01 $940.84 $0.00 $2,150.74 $383,474.59
213 $383,474.59 $940.84 $0.00 $2,168.22 $386,583.65
214 $386,583.65 $940.84 $0.00 $2,185.80 $389,710.29
215 $389,710.29 $940.84 $0.00 $2,203.48 $392,854.61
216 $392,854.61 $940.84 $0.00 $2,221.26 $396,016.71
217 $396,016.71 $940.84 $107,248.63 $2,239.14 $291,948.06
218 $291,948.06 $940.84 $0.00 $1,650.72 $294,539.62
219 $294,539.62 $940.84 $0.00 $1,665.37 $297,145.83
220 $297,145.83 $940.84 $0.00 $1,680.11 $299,766.78
221 $299,766.78 $940.84 $0.00 $1,694.92 $302,402.54
222 $302,402.54 $940.84 $0.00 $1,709.83 $305,053.21
223 $305,053.21 $940.84 $0.00 $1,724.82 $307,718.87
224 $307,718.87 $940.84 $0.00 $1,739.89 $310,399.60
225 $310,399.60 $940.84 $0.00 $1,755.04 $313,095.48
226 $313,095.48 $940.84 $0.00 $1,770.29 $315,806.61
227 $315,806.61 $940.84 $0.00 $1,785.62 $318,533.07
228 $318,533.07 $940.84 $0.00 $1,801.03 $321,274.94
229 $321,274.94 $940.84 $114,756.04 $1,816.54 $209,276.28
230 $209,276.28 $940.84 $0.00 $1,183.28 $211,400.40
231 $211,400.40 $940.84 $0.00 $1,195.29 $213,536.53
232 $213,536.53 $940.84 $0.00 $1,207.37 $215,684.74
233 $215,684.74 $940.84 $0.00 $1,219.51 $217,845.09
234 $217,845.09 $940.84 $0.00 $1,231.73 $220,017.66
235 $220,017.66 $940.84 $0.00 $1,244.01 $222,202.51
236 $222,202.51 $940.84 $0.00 $1,256.37 $224,399.72
237 $224,399.72 $940.84 $0.00 $1,268.79 $226,609.35
238 $226,609.35 $940.84 $0.00 $1,281.28 $228,831.47
239 $228,831.47 $940.84 $0.00 $1,293.85 $231,066.16
240 $231,066.16 $940.84 $0.00 $1,306.48 $233,313.48
241 $233,313.48 $940.84 $122,788.96 $1,319.19 $112,784.55
242 $112,784.55 $940.84 $0.00 $637.70 $114,363.09
243 $114,363.09 $940.84 $0.00 $646.63 $115,950.56
244 $115,950.56 $940.84 $0.00 $655.60 $117,547.00
245 $117,547.00 $940.84 $0.00 $664.63 $119,152.47
246 $119,152.47 $940.84 $0.00 $673.71 $120,767.02
247 $120,767.02 $940.84 $0.00 $682.83 $122,390.69
248 $122,390.69 $940.84 $0.00 $692.01 $124,023.54
249 $124,023.54 $940.84 $0.00 $701.25 $125,665.63
250 $125,665.63 $940.84 $0.00 $710.53 $127,317.00
251 $127,317.00 $940.84 $0.00 $719.87 $128,977.71
252 $128,977.71 $940.84 $0.00 $729.26 $130,647.81
253 $130,647.81 $0.00 $131,384.18 $738.70 $2.33