Savings Plan and Future Cost Estimation for University of Florida

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

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 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 $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