Savings Plan and Future Cost Estimation for University of Florida

Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2042 \$81,828 Monthly savings required \$647

How much will it cost to send your child to University of Florida in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at \$327,311.28 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of \$646.71 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 \$21,811.00 Years until enrollment 18 Annual Tuition Increase 7% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 4

Current Savings Shortfall

College Savings Calculator

Discover how much will you need to start saving now to afford University of Florida in the future.

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$646.71 \$0.00 \$0.00 \$646.71
2 \$646.71 \$646.71 \$0.00 \$3.66 \$1,297.08
3 \$1,297.08 \$646.71 \$0.00 \$7.33 \$1,951.12
4 \$1,951.12 \$646.71 \$0.00 \$11.03 \$2,608.86
5 \$2,608.86 \$646.71 \$0.00 \$14.75 \$3,270.32
6 \$3,270.32 \$646.71 \$0.00 \$18.49 \$3,935.52
7 \$3,935.52 \$646.71 \$0.00 \$22.25 \$4,604.48
8 \$4,604.48 \$646.71 \$0.00 \$26.03 \$5,277.22
9 \$5,277.22 \$646.71 \$0.00 \$29.84 \$5,953.77
10 \$5,953.77 \$646.71 \$0.00 \$33.66 \$6,634.14
11 \$6,634.14 \$646.71 \$0.00 \$37.51 \$7,318.36
12 \$7,318.36 \$646.71 \$0.00 \$41.38 \$8,006.45
13 \$8,006.45 \$646.71 \$0.00 \$45.27 \$8,698.43
14 \$8,698.43 \$646.71 \$0.00 \$49.18 \$9,394.32
15 \$9,394.32 \$646.71 \$0.00 \$53.12 \$10,094.15
16 \$10,094.15 \$646.71 \$0.00 \$57.07 \$10,797.93
17 \$10,797.93 \$646.71 \$0.00 \$61.05 \$11,505.69
18 \$11,505.69 \$646.71 \$0.00 \$65.05 \$12,217.45
19 \$12,217.45 \$646.71 \$0.00 \$69.08 \$12,933.24
20 \$12,933.24 \$646.71 \$0.00 \$73.13 \$13,653.08
21 \$13,653.08 \$646.71 \$0.00 \$77.20 \$14,376.99
22 \$14,376.99 \$646.71 \$0.00 \$81.29 \$15,104.99
23 \$15,104.99 \$646.71 \$0.00 \$85.41 \$15,837.11
24 \$15,837.11 \$646.71 \$0.00 \$89.55 \$16,573.37
25 \$16,573.37 \$646.71 \$0.00 \$93.71 \$17,313.79
26 \$17,313.79 \$646.71 \$0.00 \$97.89 \$18,058.39
27 \$18,058.39 \$646.71 \$0.00 \$102.10 \$18,807.20
28 \$18,807.20 \$646.71 \$0.00 \$106.34 \$19,560.25
29 \$19,560.25 \$646.71 \$0.00 \$110.60 \$20,317.56
30 \$20,317.56 \$646.71 \$0.00 \$114.88 \$21,079.15
31 \$21,079.15 \$646.71 \$0.00 \$119.18 \$21,845.04
32 \$21,845.04 \$646.71 \$0.00 \$123.52 \$22,615.27
33 \$22,615.27 \$646.71 \$0.00 \$127.87 \$23,389.85
34 \$23,389.85 \$646.71 \$0.00 \$132.25 \$24,168.81
35 \$24,168.81 \$646.71 \$0.00 \$136.65 \$24,952.17
36 \$24,952.17 \$646.71 \$0.00 \$141.08 \$25,739.96
37 \$25,739.96 \$646.71 \$0.00 \$145.54 \$26,532.21
38 \$26,532.21 \$646.71 \$0.00 \$150.02 \$27,328.94
39 \$27,328.94 \$646.71 \$0.00 \$154.52 \$28,130.17
40 \$28,130.17 \$646.71 \$0.00 \$159.05 \$28,935.93
41 \$28,935.93 \$646.71 \$0.00 \$163.61 \$29,746.25
42 \$29,746.25 \$646.71 \$0.00 \$168.19 \$30,561.15
43 \$30,561.15 \$646.71 \$0.00 \$172.80 \$31,380.66
44 \$31,380.66 \$646.71 \$0.00 \$177.43 \$32,204.80
45 \$32,204.80 \$646.71 \$0.00 \$182.09 \$33,033.60
46 \$33,033.60 \$646.71 \$0.00 \$186.78 \$33,867.09
47 \$33,867.09 \$646.71 \$0.00 \$191.49 \$34,705.29
48 \$34,705.29 \$646.71 \$0.00 \$196.23 \$35,548.23
49 \$35,548.23 \$646.71 \$0.00 \$200.99 \$36,395.93
50 \$36,395.93 \$646.71 \$0.00 \$205.79 \$37,248.43
51 \$37,248.43 \$646.71 \$0.00 \$210.61 \$38,105.75
52 \$38,105.75 \$646.71 \$0.00 \$215.46 \$38,967.92
53 \$38,967.92 \$646.71 \$0.00 \$220.33 \$39,834.96
54 \$39,834.96 \$646.71 \$0.00 \$225.23 \$40,706.90
55 \$40,706.90 \$646.71 \$0.00 \$230.16 \$41,583.77
56 \$41,583.77 \$646.71 \$0.00 \$235.12 \$42,465.60
57 \$42,465.60 \$646.71 \$0.00 \$240.11 \$43,352.42
58 \$43,352.42 \$646.71 \$0.00 \$245.12 \$44,244.25
59 \$44,244.25 \$646.71 \$0.00 \$250.16 \$45,141.12
60 \$45,141.12 \$646.71 \$0.00 \$255.23 \$46,043.06
61 \$46,043.06 \$646.71 \$0.00 \$260.33 \$46,950.10
62 \$46,950.10 \$646.71 \$0.00 \$265.46 \$47,862.27
63 \$47,862.27 \$646.71 \$0.00 \$270.62 \$48,779.60
64 \$48,779.60 \$646.71 \$0.00 \$275.81 \$49,702.12
65 \$49,702.12 \$646.71 \$0.00 \$281.02 \$50,629.85
66 \$50,629.85 \$646.71 \$0.00 \$286.27 \$51,562.83
67 \$51,562.83 \$646.71 \$0.00 \$291.54 \$52,501.08
68 \$52,501.08 \$646.71 \$0.00 \$296.85 \$53,444.64
69 \$53,444.64 \$646.71 \$0.00 \$302.18 \$54,393.53
70 \$54,393.53 \$646.71 \$0.00 \$307.55 \$55,347.79
71 \$55,347.79 \$646.71 \$0.00 \$312.94 \$56,307.44
72 \$56,307.44 \$646.71 \$0.00 \$318.37 \$57,272.52
73 \$57,272.52 \$646.71 \$0.00 \$323.83 \$58,243.06
74 \$58,243.06 \$646.71 \$0.00 \$329.31 \$59,219.08
75 \$59,219.08 \$646.71 \$0.00 \$334.83 \$60,200.62
76 \$60,200.62 \$646.71 \$0.00 \$340.38 \$61,187.71
77 \$61,187.71 \$646.71 \$0.00 \$345.96 \$62,180.38
78 \$62,180.38 \$646.71 \$0.00 \$351.58 \$63,178.67
79 \$63,178.67 \$646.71 \$0.00 \$357.22 \$64,182.60
80 \$64,182.60 \$646.71 \$0.00 \$362.90 \$65,192.21
81 \$65,192.21 \$646.71 \$0.00 \$368.61 \$66,207.53
82 \$66,207.53 \$646.71 \$0.00 \$374.35 \$67,228.59
83 \$67,228.59 \$646.71 \$0.00 \$380.12 \$68,255.42
84 \$68,255.42 \$646.71 \$0.00 \$385.93 \$69,288.06
85 \$69,288.06 \$646.71 \$0.00 \$391.76 \$70,326.53
86 \$70,326.53 \$646.71 \$0.00 \$397.64 \$71,370.88
87 \$71,370.88 \$646.71 \$0.00 \$403.54 \$72,421.13
88 \$72,421.13 \$646.71 \$0.00 \$409.48 \$73,477.32
89 \$73,477.32 \$646.71 \$0.00 \$415.45 \$74,539.48
90 \$74,539.48 \$646.71 \$0.00 \$421.46 \$75,607.65
91 \$75,607.65 \$646.71 \$0.00 \$427.50 \$76,681.86
92 \$76,681.86 \$646.71 \$0.00 \$433.57 \$77,762.14
93 \$77,762.14 \$646.71 \$0.00 \$439.68 \$78,848.53
94 \$78,848.53 \$646.71 \$0.00 \$445.82 \$79,941.06
95 \$79,941.06 \$646.71 \$0.00 \$452.00 \$81,039.77
96 \$81,039.77 \$646.71 \$0.00 \$458.21 \$82,144.69
97 \$82,144.69 \$646.71 \$0.00 \$464.46 \$83,255.86
98 \$83,255.86 \$646.71 \$0.00 \$470.74 \$84,373.31
99 \$84,373.31 \$646.71 \$0.00 \$477.06 \$85,497.08
100 \$85,497.08 \$646.71 \$0.00 \$483.41 \$86,627.20
101 \$86,627.20 \$646.71 \$0.00 \$489.80 \$87,763.71
102 \$87,763.71 \$646.71 \$0.00 \$496.23 \$88,906.65
103 \$88,906.65 \$646.71 \$0.00 \$502.69 \$90,056.05
104 \$90,056.05 \$646.71 \$0.00 \$509.19 \$91,211.95
105 \$91,211.95 \$646.71 \$0.00 \$515.73 \$92,374.39
106 \$92,374.39 \$646.71 \$0.00 \$522.30 \$93,543.40
107 \$93,543.40 \$646.71 \$0.00 \$528.91 \$94,719.02
108 \$94,719.02 \$646.71 \$0.00 \$535.56 \$95,901.29
109 \$95,901.29 \$646.71 \$0.00 \$542.24 \$97,090.24
110 \$97,090.24 \$646.71 \$0.00 \$548.96 \$98,285.91
111 \$98,285.91 \$646.71 \$0.00 \$555.72 \$99,488.34
112 \$99,488.34 \$646.71 \$0.00 \$562.52 \$100,697.57
113 \$100,697.57 \$646.71 \$0.00 \$569.36 \$101,913.64
114 \$101,913.64 \$646.71 \$0.00 \$576.23 \$103,136.58
115 \$103,136.58 \$646.71 \$0.00 \$583.15 \$104,366.44
116 \$104,366.44 \$646.71 \$0.00 \$590.10 \$105,603.25
117 \$105,603.25 \$646.71 \$0.00 \$597.10 \$106,847.06
118 \$106,847.06 \$646.71 \$0.00 \$604.13 \$108,097.90
119 \$108,097.90 \$646.71 \$0.00 \$611.20 \$109,355.81
120 \$109,355.81 \$646.71 \$0.00 \$618.31 \$110,620.83
121 \$110,620.83 \$646.71 \$0.00 \$625.47 \$111,893.01
122 \$111,893.01 \$646.71 \$0.00 \$632.66 \$113,172.38
123 \$113,172.38 \$646.71 \$0.00 \$639.89 \$114,458.98
124 \$114,458.98 \$646.71 \$0.00 \$647.17 \$115,752.86
125 \$115,752.86 \$646.71 \$0.00 \$654.48 \$117,054.05
126 \$117,054.05 \$646.71 \$0.00 \$661.84 \$118,362.60
127 \$118,362.60 \$646.71 \$0.00 \$669.24 \$119,678.55
128 \$119,678.55 \$646.71 \$0.00 \$676.68 \$121,001.94
129 \$121,001.94 \$646.71 \$0.00 \$684.16 \$122,332.81
130 \$122,332.81 \$646.71 \$0.00 \$691.69 \$123,671.21
131 \$123,671.21 \$646.71 \$0.00 \$699.26 \$125,017.18
132 \$125,017.18 \$646.71 \$0.00 \$706.87 \$126,370.76
133 \$126,370.76 \$646.71 \$0.00 \$714.52 \$127,731.99
134 \$127,731.99 \$646.71 \$0.00 \$722.22 \$129,100.92
135 \$129,100.92 \$646.71 \$0.00 \$729.96 \$130,477.59
136 \$130,477.59 \$646.71 \$0.00 \$737.74 \$131,862.04
137 \$131,862.04 \$646.71 \$0.00 \$745.57 \$133,254.32
138 \$133,254.32 \$646.71 \$0.00 \$753.44 \$134,654.47
139 \$134,654.47 \$646.71 \$0.00 \$761.36 \$136,062.54
140 \$136,062.54 \$646.71 \$0.00 \$769.32 \$137,478.57
141 \$137,478.57 \$646.71 \$0.00 \$777.32 \$138,902.60
142 \$138,902.60 \$646.71 \$0.00 \$785.38 \$140,334.69
143 \$140,334.69 \$646.71 \$0.00 \$793.47 \$141,774.87
144 \$141,774.87 \$646.71 \$0.00 \$801.62 \$143,223.20
145 \$143,223.20 \$646.71 \$0.00 \$809.80 \$144,679.71
146 \$144,679.71 \$646.71 \$0.00 \$818.04 \$146,144.46
147 \$146,144.46 \$646.71 \$0.00 \$826.32 \$147,617.49
148 \$147,617.49 \$646.71 \$0.00 \$834.65 \$149,098.85
149 \$149,098.85 \$646.71 \$0.00 \$843.03 \$150,588.59
150 \$150,588.59 \$646.71 \$0.00 \$851.45 \$152,086.75
151 \$152,086.75 \$646.71 \$0.00 \$859.92 \$153,593.38
152 \$153,593.38 \$646.71 \$0.00 \$868.44 \$155,108.53
153 \$155,108.53 \$646.71 \$0.00 \$877.01 \$156,632.25
154 \$156,632.25 \$646.71 \$0.00 \$885.62 \$158,164.58
155 \$158,164.58 \$646.71 \$0.00 \$894.29 \$159,705.58
156 \$159,705.58 \$646.71 \$0.00 \$903.00 \$161,255.29
157 \$161,255.29 \$646.71 \$0.00 \$911.76 \$162,813.76
158 \$162,813.76 \$646.71 \$0.00 \$920.57 \$164,381.04
159 \$164,381.04 \$646.71 \$0.00 \$929.43 \$165,957.18
160 \$165,957.18 \$646.71 \$0.00 \$938.35 \$167,542.24
161 \$167,542.24 \$646.71 \$0.00 \$947.31 \$169,136.26
162 \$169,136.26 \$646.71 \$0.00 \$956.32 \$170,739.29
163 \$170,739.29 \$646.71 \$0.00 \$965.38 \$172,351.38
164 \$172,351.38 \$646.71 \$0.00 \$974.50 \$173,972.59
165 \$173,972.59 \$646.71 \$0.00 \$983.67 \$175,602.97
166 \$175,602.97 \$646.71 \$0.00 \$992.88 \$177,242.56
167 \$177,242.56 \$646.71 \$0.00 \$1,002.16 \$178,891.43
168 \$178,891.43 \$646.71 \$0.00 \$1,011.48 \$180,549.62
169 \$180,549.62 \$646.71 \$0.00 \$1,020.85 \$182,217.18
170 \$182,217.18 \$646.71 \$0.00 \$1,030.28 \$183,894.17
171 \$183,894.17 \$646.71 \$0.00 \$1,039.76 \$185,580.64
172 \$185,580.64 \$646.71 \$0.00 \$1,049.30 \$187,276.65
173 \$187,276.65 \$646.71 \$0.00 \$1,058.89 \$188,982.25
174 \$188,982.25 \$646.71 \$0.00 \$1,068.53 \$190,697.49
175 \$190,697.49 \$646.71 \$0.00 \$1,078.23 \$192,422.43
176 \$192,422.43 \$646.71 \$0.00 \$1,087.98 \$194,157.12
177 \$194,157.12 \$646.71 \$0.00 \$1,097.79 \$195,901.62
178 \$195,901.62 \$646.71 \$0.00 \$1,107.66 \$197,655.99
179 \$197,655.99 \$646.71 \$0.00 \$1,117.58 \$199,420.28
180 \$199,420.28 \$646.71 \$0.00 \$1,127.55 \$201,194.54
181 \$201,194.54 \$646.71 \$0.00 \$1,137.58 \$202,978.83
182 \$202,978.83 \$646.71 \$0.00 \$1,147.67 \$204,773.21
183 \$204,773.21 \$646.71 \$0.00 \$1,157.82 \$206,577.74
184 \$206,577.74 \$646.71 \$0.00 \$1,168.02 \$208,392.47
185 \$208,392.47 \$646.71 \$0.00 \$1,178.28 \$210,217.46
186 \$210,217.46 \$646.71 \$0.00 \$1,188.60 \$212,052.77
187 \$212,052.77 \$646.71 \$0.00 \$1,198.98 \$213,898.46
188 \$213,898.46 \$646.71 \$0.00 \$1,209.41 \$215,754.58
189 \$215,754.58 \$646.71 \$0.00 \$1,219.91 \$217,621.20
190 \$217,621.20 \$646.71 \$0.00 \$1,230.46 \$219,498.37
191 \$219,498.37 \$646.71 \$0.00 \$1,241.08 \$221,386.16
192 \$221,386.16 \$646.71 \$0.00 \$1,251.75 \$223,284.62
193 \$223,284.62 \$646.71 \$0.00 \$1,262.48 \$225,193.81
194 \$225,193.81 \$646.71 \$0.00 \$1,273.28 \$227,113.80
195 \$227,113.80 \$646.71 \$0.00 \$1,284.13 \$229,044.64
196 \$229,044.64 \$646.71 \$0.00 \$1,295.05 \$230,986.40
197 \$230,986.40 \$646.71 \$0.00 \$1,306.03 \$232,939.14
198 \$232,939.14 \$646.71 \$0.00 \$1,317.07 \$234,902.92
199 \$234,902.92 \$646.71 \$0.00 \$1,328.18 \$236,877.81
200 \$236,877.81 \$646.71 \$0.00 \$1,339.34 \$238,863.86
201 \$238,863.86 \$646.71 \$0.00 \$1,350.57 \$240,861.14
202 \$240,861.14 \$646.71 \$0.00 \$1,361.86 \$242,869.71
203 \$242,869.71 \$646.71 \$0.00 \$1,373.22 \$244,889.64
204 \$244,889.64 \$646.71 \$0.00 \$1,384.64 \$246,920.99
205 \$246,920.99 \$646.71 \$0.00 \$1,396.13 \$248,963.83
206 \$248,963.83 \$646.71 \$0.00 \$1,407.68 \$251,018.22
207 \$251,018.22 \$646.71 \$0.00 \$1,419.29 \$253,084.22
208 \$253,084.22 \$646.71 \$0.00 \$1,430.97 \$255,161.90
209 \$255,161.90 \$646.71 \$0.00 \$1,442.72 \$257,251.33
210 \$257,251.33 \$646.71 \$0.00 \$1,454.54 \$259,352.58
211 \$259,352.58 \$646.71 \$0.00 \$1,466.42 \$261,465.71
212 \$261,465.71 \$646.71 \$0.00 \$1,478.37 \$263,590.79
213 \$263,590.79 \$646.71 \$0.00 \$1,490.38 \$265,727.88
214 \$265,727.88 \$646.71 \$0.00 \$1,502.46 \$267,877.05
215 \$267,877.05 \$646.71 \$0.00 \$1,514.62 \$270,038.38
216 \$270,038.38 \$646.71 \$0.00 \$1,526.84 \$272,211.93
217 \$272,211.93 \$646.71 \$73,719.70 \$1,539.13 \$200,678.07
218 \$200,678.07 \$646.71 \$0.00 \$1,134.66 \$202,459.44
219 \$202,459.44 \$646.71 \$0.00 \$1,144.74 \$204,250.89
220 \$204,250.89 \$646.71 \$0.00 \$1,154.86 \$206,052.46
221 \$206,052.46 \$646.71 \$0.00 \$1,165.05 \$207,864.22
222 \$207,864.22 \$646.71 \$0.00 \$1,175.29 \$209,686.22
223 \$209,686.22 \$646.71 \$0.00 \$1,185.60 \$211,518.53
224 \$211,518.53 \$646.71 \$0.00 \$1,195.96 \$213,361.20
225 \$213,361.20 \$646.71 \$0.00 \$1,206.38 \$215,214.29
226 \$215,214.29 \$646.71 \$0.00 \$1,216.85 \$217,077.85
227 \$217,077.85 \$646.71 \$0.00 \$1,227.39 \$218,951.95
228 \$218,951.95 \$646.71 \$0.00 \$1,237.99 \$220,836.65
229 \$220,836.65 \$646.71 \$78,880.08 \$1,248.64 \$143,851.92
230 \$143,851.92 \$646.71 \$0.00 \$813.36 \$145,311.99
231 \$145,311.99 \$646.71 \$0.00 \$821.62 \$146,780.32
232 \$146,780.32 \$646.71 \$0.00 \$829.92 \$148,256.95
233 \$148,256.95 \$646.71 \$0.00 \$838.27 \$149,741.93
234 \$149,741.93 \$646.71 \$0.00 \$846.66 \$151,235.30
235 \$151,235.30 \$646.71 \$0.00 \$855.11 \$152,737.12
236 \$152,737.12 \$646.71 \$0.00 \$863.60 \$154,247.43
237 \$154,247.43 \$646.71 \$0.00 \$872.14 \$155,766.28
238 \$155,766.28 \$646.71 \$0.00 \$880.73 \$157,293.72
239 \$157,293.72 \$646.71 \$0.00 \$889.36 \$158,829.79
240 \$158,829.79 \$646.71 \$0.00 \$898.05 \$160,374.55
241 \$160,374.55 \$646.71 \$84,401.69 \$906.78 \$77,526.35
242 \$77,526.35 \$646.71 \$0.00 \$438.35 \$78,611.41
243 \$78,611.41 \$646.71 \$0.00 \$444.48 \$79,702.60
244 \$79,702.60 \$646.71 \$0.00 \$450.65 \$80,799.96
245 \$80,799.96 \$646.71 \$0.00 \$456.85 \$81,903.52
246 \$81,903.52 \$646.71 \$0.00 \$463.09 \$83,013.32
247 \$83,013.32 \$646.71 \$0.00 \$469.37 \$84,129.40
248 \$84,129.40 \$646.71 \$0.00 \$475.68 \$85,251.79
249 \$85,251.79 \$646.71 \$0.00 \$482.03 \$86,380.53
250 \$86,380.53 \$646.71 \$0.00 \$488.41 \$87,515.65
251 \$87,515.65 \$646.71 \$0.00 \$494.83 \$88,657.19
252 \$88,657.19 \$646.71 \$0.00 \$501.28 \$89,805.18
253 \$89,805.18 \$0.00 \$90,309.81 \$507.77 \$3.14