Savings Plan and Future Cost Estimation for Thomas University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$83,737
Monthly savings required$662

How much will it cost to send your child to Thomas University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $334,949.69 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $661.79 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$22,320.00
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 $661.79 $0.00 $0.00 $661.79
2 $661.79 $661.79 $0.00 $3.74 $1,327.32
3 $1,327.32 $661.79 $0.00 $7.50 $1,996.61
4 $1,996.61 $661.79 $0.00 $11.29 $2,669.69
5 $2,669.69 $661.79 $0.00 $15.09 $3,346.57
6 $3,346.57 $661.79 $0.00 $18.92 $4,027.28
7 $4,027.28 $661.79 $0.00 $22.77 $4,711.84
8 $4,711.84 $661.79 $0.00 $26.64 $5,400.27
9 $5,400.27 $661.79 $0.00 $30.53 $6,092.59
10 $6,092.59 $661.79 $0.00 $34.45 $6,788.83
11 $6,788.83 $661.79 $0.00 $38.39 $7,489.01
12 $7,489.01 $661.79 $0.00 $42.34 $8,193.14
13 $8,193.14 $661.79 $0.00 $46.33 $8,901.26
14 $8,901.26 $661.79 $0.00 $50.33 $9,613.38
15 $9,613.38 $661.79 $0.00 $54.36 $10,329.53
16 $10,329.53 $661.79 $0.00 $58.40 $11,049.72
17 $11,049.72 $661.79 $0.00 $62.48 $11,773.99
18 $11,773.99 $661.79 $0.00 $66.57 $12,502.35
19 $12,502.35 $661.79 $0.00 $70.69 $13,234.83
20 $13,234.83 $661.79 $0.00 $74.83 $13,971.45
21 $13,971.45 $661.79 $0.00 $79.00 $14,712.24
22 $14,712.24 $661.79 $0.00 $83.19 $15,457.22
23 $15,457.22 $661.79 $0.00 $87.40 $16,206.41
24 $16,206.41 $661.79 $0.00 $91.63 $16,959.83
25 $16,959.83 $661.79 $0.00 $95.89 $17,717.51
26 $17,717.51 $661.79 $0.00 $100.18 $18,479.48
27 $18,479.48 $661.79 $0.00 $104.49 $19,245.76
28 $19,245.76 $661.79 $0.00 $108.82 $20,016.37
29 $20,016.37 $661.79 $0.00 $113.18 $20,791.34
30 $20,791.34 $661.79 $0.00 $117.56 $21,570.69
31 $21,570.69 $661.79 $0.00 $121.96 $22,354.44
32 $22,354.44 $661.79 $0.00 $126.40 $23,142.63
33 $23,142.63 $661.79 $0.00 $130.85 $23,935.27
34 $23,935.27 $661.79 $0.00 $135.33 $24,732.39
35 $24,732.39 $661.79 $0.00 $139.84 $25,534.02
36 $25,534.02 $661.79 $0.00 $144.37 $26,340.18
37 $26,340.18 $661.79 $0.00 $148.93 $27,150.90
38 $27,150.90 $661.79 $0.00 $153.52 $27,966.21
39 $27,966.21 $661.79 $0.00 $158.13 $28,786.13
40 $28,786.13 $661.79 $0.00 $162.76 $29,610.68
41 $29,610.68 $661.79 $0.00 $167.42 $30,439.89
42 $30,439.89 $661.79 $0.00 $172.11 $31,273.79
43 $31,273.79 $661.79 $0.00 $176.83 $32,112.41
44 $32,112.41 $661.79 $0.00 $181.57 $32,955.77
45 $32,955.77 $661.79 $0.00 $186.34 $33,803.90
46 $33,803.90 $661.79 $0.00 $191.13 $34,656.82
47 $34,656.82 $661.79 $0.00 $195.95 $35,514.56
48 $35,514.56 $661.79 $0.00 $200.80 $36,377.15
49 $36,377.15 $661.79 $0.00 $205.68 $37,244.62
50 $37,244.62 $661.79 $0.00 $210.59 $38,117.00
51 $38,117.00 $661.79 $0.00 $215.52 $38,994.31
52 $38,994.31 $661.79 $0.00 $220.48 $39,876.58
53 $39,876.58 $661.79 $0.00 $225.47 $40,763.84
54 $40,763.84 $661.79 $0.00 $230.48 $41,656.11
55 $41,656.11 $661.79 $0.00 $235.53 $42,553.43
56 $42,553.43 $661.79 $0.00 $240.60 $43,455.82
57 $43,455.82 $661.79 $0.00 $245.71 $44,363.32
58 $44,363.32 $661.79 $0.00 $250.84 $45,275.95
59 $45,275.95 $661.79 $0.00 $256.00 $46,193.74
60 $46,193.74 $661.79 $0.00 $261.19 $47,116.72
61 $47,116.72 $661.79 $0.00 $266.40 $48,044.91
62 $48,044.91 $661.79 $0.00 $271.65 $48,978.35
63 $48,978.35 $661.79 $0.00 $276.93 $49,917.07
64 $49,917.07 $661.79 $0.00 $282.24 $50,861.10
65 $50,861.10 $661.79 $0.00 $287.58 $51,810.47
66 $51,810.47 $661.79 $0.00 $292.94 $52,765.20
67 $52,765.20 $661.79 $0.00 $298.34 $53,725.33
68 $53,725.33 $661.79 $0.00 $303.77 $54,690.89
69 $54,690.89 $661.79 $0.00 $309.23 $55,661.91
70 $55,661.91 $661.79 $0.00 $314.72 $56,638.42
71 $56,638.42 $661.79 $0.00 $320.24 $57,620.45
72 $57,620.45 $661.79 $0.00 $325.79 $58,608.03
73 $58,608.03 $661.79 $0.00 $331.38 $59,601.20
74 $59,601.20 $661.79 $0.00 $336.99 $60,599.98
75 $60,599.98 $661.79 $0.00 $342.64 $61,604.41
76 $61,604.41 $661.79 $0.00 $348.32 $62,614.52
77 $62,614.52 $661.79 $0.00 $354.03 $63,630.34
78 $63,630.34 $661.79 $0.00 $359.78 $64,651.91
79 $64,651.91 $661.79 $0.00 $365.55 $65,679.25
80 $65,679.25 $661.79 $0.00 $371.36 $66,712.40
81 $66,712.40 $661.79 $0.00 $377.20 $67,751.39
82 $67,751.39 $661.79 $0.00 $383.08 $68,796.26
83 $68,796.26 $661.79 $0.00 $388.98 $69,847.03
84 $69,847.03 $661.79 $0.00 $394.93 $70,903.75
85 $70,903.75 $661.79 $0.00 $400.90 $71,966.44
86 $71,966.44 $661.79 $0.00 $406.91 $73,035.14
87 $73,035.14 $661.79 $0.00 $412.95 $74,109.88
88 $74,109.88 $661.79 $0.00 $419.03 $75,190.70
89 $75,190.70 $661.79 $0.00 $425.14 $76,277.63
90 $76,277.63 $661.79 $0.00 $431.28 $77,370.70
91 $77,370.70 $661.79 $0.00 $437.47 $78,469.96
92 $78,469.96 $661.79 $0.00 $443.68 $79,575.43
93 $79,575.43 $661.79 $0.00 $449.93 $80,687.15
94 $80,687.15 $661.79 $0.00 $456.22 $81,805.16
95 $81,805.16 $661.79 $0.00 $462.54 $82,929.49
96 $82,929.49 $661.79 $0.00 $468.90 $84,060.18
97 $84,060.18 $661.79 $0.00 $475.29 $85,197.26
98 $85,197.26 $661.79 $0.00 $481.72 $86,340.77
99 $86,340.77 $661.79 $0.00 $488.18 $87,490.74
100 $87,490.74 $661.79 $0.00 $494.69 $88,647.22
101 $88,647.22 $661.79 $0.00 $501.22 $89,810.23
102 $89,810.23 $661.79 $0.00 $507.80 $90,979.82
103 $90,979.82 $661.79 $0.00 $514.41 $92,156.02
104 $92,156.02 $661.79 $0.00 $521.06 $93,338.87
105 $93,338.87 $661.79 $0.00 $527.75 $94,528.41
106 $94,528.41 $661.79 $0.00 $534.48 $95,724.68
107 $95,724.68 $661.79 $0.00 $541.24 $96,927.71
108 $96,927.71 $661.79 $0.00 $548.04 $98,137.54
109 $98,137.54 $661.79 $0.00 $554.88 $99,354.21
110 $99,354.21 $661.79 $0.00 $561.76 $100,577.76
111 $100,577.76 $661.79 $0.00 $568.68 $101,808.23
112 $101,808.23 $661.79 $0.00 $575.64 $103,045.66
113 $103,045.66 $661.79 $0.00 $582.64 $104,290.09
114 $104,290.09 $661.79 $0.00 $589.67 $105,541.55
115 $105,541.55 $661.79 $0.00 $596.75 $106,800.09
116 $106,800.09 $661.79 $0.00 $603.86 $108,065.74
117 $108,065.74 $661.79 $0.00 $611.02 $109,338.55
118 $109,338.55 $661.79 $0.00 $618.22 $110,618.56
119 $110,618.56 $661.79 $0.00 $625.45 $111,905.80
120 $111,905.80 $661.79 $0.00 $632.73 $113,200.32
121 $113,200.32 $661.79 $0.00 $640.05 $114,502.16
122 $114,502.16 $661.79 $0.00 $647.41 $115,811.36
123 $115,811.36 $661.79 $0.00 $654.81 $117,127.96
124 $117,127.96 $661.79 $0.00 $662.26 $118,452.01
125 $118,452.01 $661.79 $0.00 $669.74 $119,783.54
126 $119,783.54 $661.79 $0.00 $677.27 $121,122.60
127 $121,122.60 $661.79 $0.00 $684.84 $122,469.23
128 $122,469.23 $661.79 $0.00 $692.46 $123,823.48
129 $123,823.48 $661.79 $0.00 $700.12 $125,185.39
130 $125,185.39 $661.79 $0.00 $707.82 $126,555.00
131 $126,555.00 $661.79 $0.00 $715.56 $127,932.35
132 $127,932.35 $661.79 $0.00 $723.35 $129,317.49
133 $129,317.49 $661.79 $0.00 $731.18 $130,710.46
134 $130,710.46 $661.79 $0.00 $739.06 $132,111.31
135 $132,111.31 $661.79 $0.00 $746.98 $133,520.08
136 $133,520.08 $661.79 $0.00 $754.94 $134,936.81
137 $134,936.81 $661.79 $0.00 $762.95 $136,361.55
138 $136,361.55 $661.79 $0.00 $771.01 $137,794.35
139 $137,794.35 $661.79 $0.00 $779.11 $139,235.25
140 $139,235.25 $661.79 $0.00 $787.26 $140,684.30
141 $140,684.30 $661.79 $0.00 $795.45 $142,141.54
142 $142,141.54 $661.79 $0.00 $803.69 $143,607.02
143 $143,607.02 $661.79 $0.00 $811.97 $145,080.78
144 $145,080.78 $661.79 $0.00 $820.31 $146,562.88
145 $146,562.88 $661.79 $0.00 $828.69 $148,053.36
146 $148,053.36 $661.79 $0.00 $837.12 $149,552.27
147 $149,552.27 $661.79 $0.00 $845.59 $151,059.65
148 $151,059.65 $661.79 $0.00 $854.11 $152,575.55
149 $152,575.55 $661.79 $0.00 $862.68 $154,100.02
150 $154,100.02 $661.79 $0.00 $871.30 $155,633.11
151 $155,633.11 $661.79 $0.00 $879.97 $157,174.87
152 $157,174.87 $661.79 $0.00 $888.69 $158,725.35
153 $158,725.35 $661.79 $0.00 $897.46 $160,284.60
154 $160,284.60 $661.79 $0.00 $906.27 $161,852.66
155 $161,852.66 $661.79 $0.00 $915.14 $163,429.59
156 $163,429.59 $661.79 $0.00 $924.05 $165,015.43
157 $165,015.43 $661.79 $0.00 $933.02 $166,610.24
158 $166,610.24 $661.79 $0.00 $942.04 $168,214.07
159 $168,214.07 $661.79 $0.00 $951.11 $169,826.97
160 $169,826.97 $661.79 $0.00 $960.23 $171,448.99
161 $171,448.99 $661.79 $0.00 $969.40 $173,080.18
162 $173,080.18 $661.79 $0.00 $978.62 $174,720.59
163 $174,720.59 $661.79 $0.00 $987.90 $176,370.28
164 $176,370.28 $661.79 $0.00 $997.22 $178,029.29
165 $178,029.29 $661.79 $0.00 $1,006.60 $179,697.68
166 $179,697.68 $661.79 $0.00 $1,016.04 $181,375.51
167 $181,375.51 $661.79 $0.00 $1,025.52 $183,062.82
168 $183,062.82 $661.79 $0.00 $1,035.06 $184,759.67
169 $184,759.67 $661.79 $0.00 $1,044.66 $186,466.12
170 $186,466.12 $661.79 $0.00 $1,054.31 $188,182.22
171 $188,182.22 $661.79 $0.00 $1,064.01 $189,908.02
172 $189,908.02 $661.79 $0.00 $1,073.77 $191,643.58
173 $191,643.58 $661.79 $0.00 $1,083.58 $193,388.95
174 $193,388.95 $661.79 $0.00 $1,093.45 $195,144.19
175 $195,144.19 $661.79 $0.00 $1,103.37 $196,909.35
176 $196,909.35 $661.79 $0.00 $1,113.35 $198,684.49
177 $198,684.49 $661.79 $0.00 $1,123.39 $200,469.67
178 $200,469.67 $661.79 $0.00 $1,133.48 $202,264.94
179 $202,264.94 $661.79 $0.00 $1,143.64 $204,070.37
180 $204,070.37 $661.79 $0.00 $1,153.84 $205,886.00
181 $205,886.00 $661.79 $0.00 $1,164.11 $207,711.90
182 $207,711.90 $661.79 $0.00 $1,174.43 $209,548.12
183 $209,548.12 $661.79 $0.00 $1,184.82 $211,394.73
184 $211,394.73 $661.79 $0.00 $1,195.26 $213,251.78
185 $213,251.78 $661.79 $0.00 $1,205.76 $215,119.33
186 $215,119.33 $661.79 $0.00 $1,216.32 $216,997.44
187 $216,997.44 $661.79 $0.00 $1,226.94 $218,886.17
188 $218,886.17 $661.79 $0.00 $1,237.61 $220,785.57
189 $220,785.57 $661.79 $0.00 $1,248.35 $222,695.71
190 $222,695.71 $661.79 $0.00 $1,259.15 $224,616.65
191 $224,616.65 $661.79 $0.00 $1,270.02 $226,548.46
192 $226,548.46 $661.79 $0.00 $1,280.94 $228,491.19
193 $228,491.19 $661.79 $0.00 $1,291.92 $230,444.90
194 $230,444.90 $661.79 $0.00 $1,302.97 $232,409.66
195 $232,409.66 $661.79 $0.00 $1,314.08 $234,385.53
196 $234,385.53 $661.79 $0.00 $1,325.25 $236,372.57
197 $236,372.57 $661.79 $0.00 $1,336.48 $238,370.84
198 $238,370.84 $661.79 $0.00 $1,347.78 $240,380.41
199 $240,380.41 $661.79 $0.00 $1,359.15 $242,401.35
200 $242,401.35 $661.79 $0.00 $1,370.57 $244,433.71
201 $244,433.71 $661.79 $0.00 $1,382.06 $246,477.56
202 $246,477.56 $661.79 $0.00 $1,393.62 $248,532.97
203 $248,532.97 $661.79 $0.00 $1,405.24 $250,600.00
204 $250,600.00 $661.79 $0.00 $1,416.93 $252,678.72
205 $252,678.72 $661.79 $0.00 $1,428.68 $254,769.19
206 $254,769.19 $661.79 $0.00 $1,440.50 $256,871.48
207 $256,871.48 $661.79 $0.00 $1,452.39 $258,985.66
208 $258,985.66 $661.79 $0.00 $1,464.34 $261,111.79
209 $261,111.79 $661.79 $0.00 $1,476.36 $263,249.94
210 $263,249.94 $661.79 $0.00 $1,488.45 $265,400.18
211 $265,400.18 $661.79 $0.00 $1,500.61 $267,562.58
212 $267,562.58 $661.79 $0.00 $1,512.84 $269,737.21
213 $269,737.21 $661.79 $0.00 $1,525.13 $271,924.13
214 $271,924.13 $661.79 $0.00 $1,537.50 $274,123.42
215 $274,123.42 $661.79 $0.00 $1,549.93 $276,335.14
216 $276,335.14 $661.79 $0.00 $1,562.44 $278,559.37
217 $278,559.37 $661.79 $75,440.09 $1,575.02 $205,356.09
218 $205,356.09 $661.79 $0.00 $1,161.11 $207,178.99
219 $207,178.99 $661.79 $0.00 $1,171.42 $209,012.20
220 $209,012.20 $661.79 $0.00 $1,181.79 $210,855.78
221 $210,855.78 $661.79 $0.00 $1,192.21 $212,709.78
222 $212,709.78 $661.79 $0.00 $1,202.69 $214,574.26
223 $214,574.26 $661.79 $0.00 $1,213.23 $216,449.28
224 $216,449.28 $661.79 $0.00 $1,223.84 $218,334.91
225 $218,334.91 $661.79 $0.00 $1,234.50 $220,231.20
226 $220,231.20 $661.79 $0.00 $1,245.22 $222,138.21
227 $222,138.21 $661.79 $0.00 $1,256.00 $224,056.00
228 $224,056.00 $661.79 $0.00 $1,266.85 $225,984.64
229 $225,984.64 $661.79 $80,720.89 $1,277.75 $147,203.29
230 $147,203.29 $661.79 $0.00 $832.31 $148,697.39
231 $148,697.39 $661.79 $0.00 $840.76 $150,199.94
232 $150,199.94 $661.79 $0.00 $849.25 $151,710.98
233 $151,710.98 $661.79 $0.00 $857.80 $153,230.57
234 $153,230.57 $661.79 $0.00 $866.39 $154,758.75
235 $154,758.75 $661.79 $0.00 $875.03 $156,295.57
236 $156,295.57 $661.79 $0.00 $883.72 $157,841.08
237 $157,841.08 $661.79 $0.00 $892.46 $159,395.33
238 $159,395.33 $661.79 $0.00 $901.24 $160,958.36
239 $160,958.36 $661.79 $0.00 $910.08 $162,530.23
240 $162,530.23 $661.79 $0.00 $918.97 $164,110.99
241 $164,110.99 $661.79 $86,371.36 $927.91 $79,329.33
242 $79,329.33 $661.79 $0.00 $448.54 $80,439.66
243 $80,439.66 $661.79 $0.00 $454.82 $81,556.27
244 $81,556.27 $661.79 $0.00 $461.13 $82,679.19
245 $82,679.19 $661.79 $0.00 $467.48 $83,808.46
246 $83,808.46 $661.79 $0.00 $473.87 $84,944.12
247 $84,944.12 $661.79 $0.00 $480.29 $86,086.20
248 $86,086.20 $661.79 $0.00 $486.74 $87,234.73
249 $87,234.73 $661.79 $0.00 $493.24 $88,389.76
250 $88,389.76 $661.79 $0.00 $499.77 $89,551.32
251 $89,551.32 $661.79 $0.00 $506.34 $90,719.45
252 $90,719.45 $661.79 $0.00 $512.94 $91,894.18
253 $91,894.18 $0.00 $92,417.35 $519.58 -$3.59