# Savings Plan and Future Cost Estimation for Thomas University

## 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 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 Thomas University in the future.

## 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