Savings Plan and Future Cost Estimation for The University of Tampa

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$187,614
Monthly savings required$1,483

How much will it cost to send your child to The University of Tampa in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $750,455.39 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,482.76 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$50,008.00
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 $1,482.76 $0.00 $0.00 $1,482.76
2 $1,482.76 $1,482.76 $0.00 $8.38 $2,973.90
3 $2,973.90 $1,482.76 $0.00 $16.81 $4,473.47
4 $4,473.47 $1,482.76 $0.00 $25.29 $5,981.52
5 $5,981.52 $1,482.76 $0.00 $33.82 $7,498.10
6 $7,498.10 $1,482.76 $0.00 $42.40 $9,023.26
7 $9,023.26 $1,482.76 $0.00 $51.02 $10,557.04
8 $10,557.04 $1,482.76 $0.00 $59.69 $12,099.49
9 $12,099.49 $1,482.76 $0.00 $68.41 $13,650.66
10 $13,650.66 $1,482.76 $0.00 $77.18 $15,210.60
11 $15,210.60 $1,482.76 $0.00 $86.00 $16,779.36
12 $16,779.36 $1,482.76 $0.00 $94.87 $18,356.99
13 $18,356.99 $1,482.76 $0.00 $103.79 $19,943.54
14 $19,943.54 $1,482.76 $0.00 $112.76 $21,539.06
15 $21,539.06 $1,482.76 $0.00 $121.78 $23,143.60
16 $23,143.60 $1,482.76 $0.00 $130.86 $24,757.22
17 $24,757.22 $1,482.76 $0.00 $139.98 $26,379.96
18 $26,379.96 $1,482.76 $0.00 $149.16 $28,011.88
19 $28,011.88 $1,482.76 $0.00 $158.38 $29,653.02
20 $29,653.02 $1,482.76 $0.00 $167.66 $31,303.44
21 $31,303.44 $1,482.76 $0.00 $176.99 $32,963.19
22 $32,963.19 $1,482.76 $0.00 $186.38 $34,632.33
23 $34,632.33 $1,482.76 $0.00 $195.82 $36,310.91
24 $36,310.91 $1,482.76 $0.00 $205.31 $37,998.98
25 $37,998.98 $1,482.76 $0.00 $214.85 $39,696.59
26 $39,696.59 $1,482.76 $0.00 $224.45 $41,403.80
27 $41,403.80 $1,482.76 $0.00 $234.10 $43,120.66
28 $43,120.66 $1,482.76 $0.00 $243.81 $44,847.23
29 $44,847.23 $1,482.76 $0.00 $253.57 $46,583.56
30 $46,583.56 $1,482.76 $0.00 $263.39 $48,329.71
31 $48,329.71 $1,482.76 $0.00 $273.26 $50,085.73
32 $50,085.73 $1,482.76 $0.00 $283.19 $51,851.68
33 $51,851.68 $1,482.76 $0.00 $293.18 $53,627.62
34 $53,627.62 $1,482.76 $0.00 $303.22 $55,413.60
35 $55,413.60 $1,482.76 $0.00 $313.32 $57,209.68
36 $57,209.68 $1,482.76 $0.00 $323.47 $59,015.91
37 $59,015.91 $1,482.76 $0.00 $333.68 $60,832.35
38 $60,832.35 $1,482.76 $0.00 $343.95 $62,659.06
39 $62,659.06 $1,482.76 $0.00 $354.28 $64,496.10
40 $64,496.10 $1,482.76 $0.00 $364.67 $66,343.53
41 $66,343.53 $1,482.76 $0.00 $375.12 $68,201.41
42 $68,201.41 $1,482.76 $0.00 $385.62 $70,069.79
43 $70,069.79 $1,482.76 $0.00 $396.18 $71,948.73
44 $71,948.73 $1,482.76 $0.00 $406.81 $73,838.30
45 $73,838.30 $1,482.76 $0.00 $417.49 $75,738.55
46 $75,738.55 $1,482.76 $0.00 $428.24 $77,649.55
47 $77,649.55 $1,482.76 $0.00 $439.04 $79,571.35
48 $79,571.35 $1,482.76 $0.00 $449.91 $81,504.02
49 $81,504.02 $1,482.76 $0.00 $460.84 $83,447.62
50 $83,447.62 $1,482.76 $0.00 $471.82 $85,402.20
51 $85,402.20 $1,482.76 $0.00 $482.88 $87,367.84
52 $87,367.84 $1,482.76 $0.00 $493.99 $89,344.59
53 $89,344.59 $1,482.76 $0.00 $505.17 $91,332.52
54 $91,332.52 $1,482.76 $0.00 $516.41 $93,331.69
55 $93,331.69 $1,482.76 $0.00 $527.71 $95,342.16
56 $95,342.16 $1,482.76 $0.00 $539.08 $97,364.00
57 $97,364.00 $1,482.76 $0.00 $550.51 $99,397.27
58 $99,397.27 $1,482.76 $0.00 $562.01 $101,442.04
59 $101,442.04 $1,482.76 $0.00 $573.57 $103,498.37
60 $103,498.37 $1,482.76 $0.00 $585.19 $105,566.32
61 $105,566.32 $1,482.76 $0.00 $596.89 $107,645.97
62 $107,645.97 $1,482.76 $0.00 $608.65 $109,737.38
63 $109,737.38 $1,482.76 $0.00 $620.47 $111,840.61
64 $111,840.61 $1,482.76 $0.00 $632.36 $113,955.73
65 $113,955.73 $1,482.76 $0.00 $644.32 $116,082.81
66 $116,082.81 $1,482.76 $0.00 $656.35 $118,221.92
67 $118,221.92 $1,482.76 $0.00 $668.44 $120,373.12
68 $120,373.12 $1,482.76 $0.00 $680.61 $122,536.49
69 $122,536.49 $1,482.76 $0.00 $692.84 $124,712.09
70 $124,712.09 $1,482.76 $0.00 $705.14 $126,899.99
71 $126,899.99 $1,482.76 $0.00 $717.51 $129,100.26
72 $129,100.26 $1,482.76 $0.00 $729.95 $131,312.97
73 $131,312.97 $1,482.76 $0.00 $742.46 $133,538.19
74 $133,538.19 $1,482.76 $0.00 $755.04 $135,775.99
75 $135,775.99 $1,482.76 $0.00 $767.70 $138,026.45
76 $138,026.45 $1,482.76 $0.00 $780.42 $140,289.63
77 $140,289.63 $1,482.76 $0.00 $793.22 $142,565.61
78 $142,565.61 $1,482.76 $0.00 $806.09 $144,854.46
79 $144,854.46 $1,482.76 $0.00 $819.03 $147,156.25
80 $147,156.25 $1,482.76 $0.00 $832.04 $149,471.05
81 $149,471.05 $1,482.76 $0.00 $845.13 $151,798.94
82 $151,798.94 $1,482.76 $0.00 $858.29 $154,139.99
83 $154,139.99 $1,482.76 $0.00 $871.53 $156,494.28
84 $156,494.28 $1,482.76 $0.00 $884.84 $158,861.88
85 $158,861.88 $1,482.76 $0.00 $898.23 $161,242.87
86 $161,242.87 $1,482.76 $0.00 $911.69 $163,637.32
87 $163,637.32 $1,482.76 $0.00 $925.23 $166,045.31
88 $166,045.31 $1,482.76 $0.00 $938.84 $168,466.91
89 $168,466.91 $1,482.76 $0.00 $952.54 $170,902.21
90 $170,902.21 $1,482.76 $0.00 $966.31 $173,351.28
91 $173,351.28 $1,482.76 $0.00 $980.15 $175,814.19
92 $175,814.19 $1,482.76 $0.00 $994.08 $178,291.03
93 $178,291.03 $1,482.76 $0.00 $1,008.08 $180,781.87
94 $180,781.87 $1,482.76 $0.00 $1,022.17 $183,286.80
95 $183,286.80 $1,482.76 $0.00 $1,036.33 $185,805.89
96 $185,805.89 $1,482.76 $0.00 $1,050.57 $188,339.22
97 $188,339.22 $1,482.76 $0.00 $1,064.90 $190,886.88
98 $190,886.88 $1,482.76 $0.00 $1,079.30 $193,448.94
99 $193,448.94 $1,482.76 $0.00 $1,093.79 $196,025.49
100 $196,025.49 $1,482.76 $0.00 $1,108.36 $198,616.61
101 $198,616.61 $1,482.76 $0.00 $1,123.01 $201,222.38
102 $201,222.38 $1,482.76 $0.00 $1,137.74 $203,842.88
103 $203,842.88 $1,482.76 $0.00 $1,152.56 $206,478.20
104 $206,478.20 $1,482.76 $0.00 $1,167.46 $209,128.42
105 $209,128.42 $1,482.76 $0.00 $1,182.44 $211,793.62
106 $211,793.62 $1,482.76 $0.00 $1,197.51 $214,473.89
107 $214,473.89 $1,482.76 $0.00 $1,212.67 $217,169.32
108 $217,169.32 $1,482.76 $0.00 $1,227.91 $219,879.99
109 $219,879.99 $1,482.76 $0.00 $1,243.23 $222,605.98
110 $222,605.98 $1,482.76 $0.00 $1,258.65 $225,347.39
111 $225,347.39 $1,482.76 $0.00 $1,274.15 $228,104.30
112 $228,104.30 $1,482.76 $0.00 $1,289.73 $230,876.79
113 $230,876.79 $1,482.76 $0.00 $1,305.41 $233,664.96
114 $233,664.96 $1,482.76 $0.00 $1,321.18 $236,468.90
115 $236,468.90 $1,482.76 $0.00 $1,337.03 $239,288.69
116 $239,288.69 $1,482.76 $0.00 $1,352.97 $242,124.42
117 $242,124.42 $1,482.76 $0.00 $1,369.01 $244,976.19
118 $244,976.19 $1,482.76 $0.00 $1,385.13 $247,844.08
119 $247,844.08 $1,482.76 $0.00 $1,401.35 $250,728.19
120 $250,728.19 $1,482.76 $0.00 $1,417.65 $253,628.60
121 $253,628.60 $1,482.76 $0.00 $1,434.05 $256,545.41
122 $256,545.41 $1,482.76 $0.00 $1,450.55 $259,478.72
123 $259,478.72 $1,482.76 $0.00 $1,467.13 $262,428.61
124 $262,428.61 $1,482.76 $0.00 $1,483.81 $265,395.18
125 $265,395.18 $1,482.76 $0.00 $1,500.58 $268,378.52
126 $268,378.52 $1,482.76 $0.00 $1,517.45 $271,378.73
127 $271,378.73 $1,482.76 $0.00 $1,534.41 $274,395.90
128 $274,395.90 $1,482.76 $0.00 $1,551.47 $277,430.13
129 $277,430.13 $1,482.76 $0.00 $1,568.63 $280,481.52
130 $280,481.52 $1,482.76 $0.00 $1,585.88 $283,550.16
131 $283,550.16 $1,482.76 $0.00 $1,603.23 $286,636.15
132 $286,636.15 $1,482.76 $0.00 $1,620.68 $289,739.59
133 $289,739.59 $1,482.76 $0.00 $1,638.23 $292,860.58
134 $292,860.58 $1,482.76 $0.00 $1,655.88 $295,999.22
135 $295,999.22 $1,482.76 $0.00 $1,673.62 $299,155.60
136 $299,155.60 $1,482.76 $0.00 $1,691.47 $302,329.83
137 $302,329.83 $1,482.76 $0.00 $1,709.42 $305,522.01
138 $305,522.01 $1,482.76 $0.00 $1,727.47 $308,732.24
139 $308,732.24 $1,482.76 $0.00 $1,745.62 $311,960.62
140 $311,960.62 $1,482.76 $0.00 $1,763.87 $315,207.25
141 $315,207.25 $1,482.76 $0.00 $1,782.23 $318,472.24
142 $318,472.24 $1,482.76 $0.00 $1,800.69 $321,755.69
143 $321,755.69 $1,482.76 $0.00 $1,819.25 $325,057.70
144 $325,057.70 $1,482.76 $0.00 $1,837.92 $328,378.38
145 $328,378.38 $1,482.76 $0.00 $1,856.70 $331,717.84
146 $331,717.84 $1,482.76 $0.00 $1,875.58 $335,076.18
147 $335,076.18 $1,482.76 $0.00 $1,894.57 $338,453.51
148 $338,453.51 $1,482.76 $0.00 $1,913.67 $341,849.94
149 $341,849.94 $1,482.76 $0.00 $1,932.87 $345,265.57
150 $345,265.57 $1,482.76 $0.00 $1,952.18 $348,700.51
151 $348,700.51 $1,482.76 $0.00 $1,971.60 $352,154.87
152 $352,154.87 $1,482.76 $0.00 $1,991.13 $355,628.76
153 $355,628.76 $1,482.76 $0.00 $2,010.78 $359,122.30
154 $359,122.30 $1,482.76 $0.00 $2,030.53 $362,635.59
155 $362,635.59 $1,482.76 $0.00 $2,050.39 $366,168.74
156 $366,168.74 $1,482.76 $0.00 $2,070.37 $369,721.87
157 $369,721.87 $1,482.76 $0.00 $2,090.46 $373,295.09
158 $373,295.09 $1,482.76 $0.00 $2,110.66 $376,888.51
159 $376,888.51 $1,482.76 $0.00 $2,130.98 $380,502.25
160 $380,502.25 $1,482.76 $0.00 $2,151.42 $384,136.43
161 $384,136.43 $1,482.76 $0.00 $2,171.96 $387,791.15
162 $387,791.15 $1,482.76 $0.00 $2,192.63 $391,466.54
163 $391,466.54 $1,482.76 $0.00 $2,213.41 $395,162.71
164 $395,162.71 $1,482.76 $0.00 $2,234.31 $398,879.78
165 $398,879.78 $1,482.76 $0.00 $2,255.32 $402,617.86
166 $402,617.86 $1,482.76 $0.00 $2,276.46 $406,377.08
167 $406,377.08 $1,482.76 $0.00 $2,297.72 $410,157.56
168 $410,157.56 $1,482.76 $0.00 $2,319.09 $413,959.41
169 $413,959.41 $1,482.76 $0.00 $2,340.59 $417,782.76
170 $417,782.76 $1,482.76 $0.00 $2,362.20 $421,627.72
171 $421,627.72 $1,482.76 $0.00 $2,383.94 $425,494.42
172 $425,494.42 $1,482.76 $0.00 $2,405.81 $429,382.99
173 $429,382.99 $1,482.76 $0.00 $2,427.79 $433,293.54
174 $433,293.54 $1,482.76 $0.00 $2,449.90 $437,226.20
175 $437,226.20 $1,482.76 $0.00 $2,472.14 $441,181.10
176 $441,181.10 $1,482.76 $0.00 $2,494.50 $445,158.36
177 $445,158.36 $1,482.76 $0.00 $2,516.99 $449,158.11
178 $449,158.11 $1,482.76 $0.00 $2,539.61 $453,180.48
179 $453,180.48 $1,482.76 $0.00 $2,562.35 $457,225.59
180 $457,225.59 $1,482.76 $0.00 $2,585.22 $461,293.57
181 $461,293.57 $1,482.76 $0.00 $2,608.22 $465,384.55
182 $465,384.55 $1,482.76 $0.00 $2,631.35 $469,498.66
183 $469,498.66 $1,482.76 $0.00 $2,654.61 $473,636.03
184 $473,636.03 $1,482.76 $0.00 $2,678.01 $477,796.80
185 $477,796.80 $1,482.76 $0.00 $2,701.53 $481,981.09
186 $481,981.09 $1,482.76 $0.00 $2,725.19 $486,189.04
187 $486,189.04 $1,482.76 $0.00 $2,748.98 $490,420.78
188 $490,420.78 $1,482.76 $0.00 $2,772.91 $494,676.45
189 $494,676.45 $1,482.76 $0.00 $2,796.97 $498,956.18
190 $498,956.18 $1,482.76 $0.00 $2,821.17 $503,260.11
191 $503,260.11 $1,482.76 $0.00 $2,845.51 $507,588.38
192 $507,588.38 $1,482.76 $0.00 $2,869.98 $511,941.12
193 $511,941.12 $1,482.76 $0.00 $2,894.59 $516,318.47
194 $516,318.47 $1,482.76 $0.00 $2,919.34 $520,720.57
195 $520,720.57 $1,482.76 $0.00 $2,944.23 $525,147.56
196 $525,147.56 $1,482.76 $0.00 $2,969.26 $529,599.58
197 $529,599.58 $1,482.76 $0.00 $2,994.43 $534,076.77
198 $534,076.77 $1,482.76 $0.00 $3,019.75 $538,579.28
199 $538,579.28 $1,482.76 $0.00 $3,045.21 $543,107.25
200 $543,107.25 $1,482.76 $0.00 $3,070.81 $547,660.82
201 $547,660.82 $1,482.76 $0.00 $3,096.55 $552,240.13
202 $552,240.13 $1,482.76 $0.00 $3,122.45 $556,845.34
203 $556,845.34 $1,482.76 $0.00 $3,148.48 $561,476.58
204 $561,476.58 $1,482.76 $0.00 $3,174.67 $566,134.01
205 $566,134.01 $1,482.76 $0.00 $3,201.00 $570,817.77
206 $570,817.77 $1,482.76 $0.00 $3,227.49 $575,528.02
207 $575,528.02 $1,482.76 $0.00 $3,254.12 $580,264.90
208 $580,264.90 $1,482.76 $0.00 $3,280.90 $585,028.56
209 $585,028.56 $1,482.76 $0.00 $3,307.84 $589,819.16
210 $589,819.16 $1,482.76 $0.00 $3,334.92 $594,636.84
211 $594,636.84 $1,482.76 $0.00 $3,362.16 $599,481.76
212 $599,481.76 $1,482.76 $0.00 $3,389.56 $604,354.08
213 $604,354.08 $1,482.76 $0.00 $3,417.11 $609,253.95
214 $609,253.95 $1,482.76 $0.00 $3,444.81 $614,181.52
215 $614,181.52 $1,482.76 $0.00 $3,472.67 $619,136.95
216 $619,136.95 $1,482.76 $0.00 $3,500.69 $624,120.40
217 $624,120.40 $1,482.76 $169,023.65 $3,528.87 $460,108.38
218 $460,108.38 $1,482.76 $0.00 $2,601.52 $464,192.66
219 $464,192.66 $1,482.76 $0.00 $2,624.61 $468,300.03
220 $468,300.03 $1,482.76 $0.00 $2,647.84 $472,430.63
221 $472,430.63 $1,482.76 $0.00 $2,671.19 $476,584.58
222 $476,584.58 $1,482.76 $0.00 $2,694.68 $480,762.02
223 $480,762.02 $1,482.76 $0.00 $2,718.30 $484,963.08
224 $484,963.08 $1,482.76 $0.00 $2,742.05 $489,187.89
225 $489,187.89 $1,482.76 $0.00 $2,765.94 $493,436.59
226 $493,436.59 $1,482.76 $0.00 $2,789.96 $497,709.31
227 $497,709.31 $1,482.76 $0.00 $2,814.12 $502,006.19
228 $502,006.19 $1,482.76 $0.00 $2,838.42 $506,327.37
229 $506,327.37 $1,482.76 $180,855.31 $2,862.85 $329,817.67
230 $329,817.67 $1,482.76 $0.00 $1,864.84 $333,165.27
231 $333,165.27 $1,482.76 $0.00 $1,883.76 $336,531.79
232 $336,531.79 $1,482.76 $0.00 $1,902.80 $339,917.35
233 $339,917.35 $1,482.76 $0.00 $1,921.94 $343,322.05
234 $343,322.05 $1,482.76 $0.00 $1,941.19 $346,746.00
235 $346,746.00 $1,482.76 $0.00 $1,960.55 $350,189.31
236 $350,189.31 $1,482.76 $0.00 $1,980.02 $353,652.09
237 $353,652.09 $1,482.76 $0.00 $1,999.60 $357,134.45
238 $357,134.45 $1,482.76 $0.00 $2,019.29 $360,636.50
239 $360,636.50 $1,482.76 $0.00 $2,039.09 $364,158.35
240 $364,158.35 $1,482.76 $0.00 $2,059.00 $367,700.11
241 $367,700.11 $1,482.76 $193,515.18 $2,079.03 $177,746.72
242 $177,746.72 $1,482.76 $0.00 $1,005.01 $180,234.49
243 $180,234.49 $1,482.76 $0.00 $1,019.07 $182,736.32
244 $182,736.32 $1,482.76 $0.00 $1,033.22 $185,252.30
245 $185,252.30 $1,482.76 $0.00 $1,047.44 $187,782.50
246 $187,782.50 $1,482.76 $0.00 $1,061.75 $190,327.01
247 $190,327.01 $1,482.76 $0.00 $1,076.14 $192,885.91
248 $192,885.91 $1,482.76 $0.00 $1,090.60 $195,459.27
249 $195,459.27 $1,482.76 $0.00 $1,105.16 $198,047.19
250 $198,047.19 $1,482.76 $0.00 $1,119.79 $200,649.74
251 $200,649.74 $1,482.76 $0.00 $1,134.50 $203,267.00
252 $203,267.00 $1,482.76 $0.00 $1,149.30 $205,899.06
253 $205,899.06 $0.00 $207,061.24 $1,164.18 $2.00