Savings Plan and Future Cost Estimation for Eastern Kentucky University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$82,394
Monthly savings required$651

How much will it cost to send your child to Eastern Kentucky University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $329,577.29 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $651.19 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$21,962.00
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 $651.19 $0.00 $0.00 $651.19
2 $651.19 $651.19 $0.00 $3.68 $1,306.06
3 $1,306.06 $651.19 $0.00 $7.38 $1,964.63
4 $1,964.63 $651.19 $0.00 $11.11 $2,626.93
5 $2,626.93 $651.19 $0.00 $14.85 $3,292.97
6 $3,292.97 $651.19 $0.00 $18.62 $3,962.78
7 $3,962.78 $651.19 $0.00 $22.41 $4,636.38
8 $4,636.38 $651.19 $0.00 $26.21 $5,313.78
9 $5,313.78 $651.19 $0.00 $30.04 $5,995.01
10 $5,995.01 $651.19 $0.00 $33.90 $6,680.10
11 $6,680.10 $651.19 $0.00 $37.77 $7,369.06
12 $7,369.06 $651.19 $0.00 $41.67 $8,061.92
13 $8,061.92 $651.19 $0.00 $45.58 $8,758.69
14 $8,758.69 $651.19 $0.00 $49.52 $9,459.40
15 $9,459.40 $651.19 $0.00 $53.48 $10,164.07
16 $10,164.07 $651.19 $0.00 $57.47 $10,872.73
17 $10,872.73 $651.19 $0.00 $61.48 $11,585.40
18 $11,585.40 $651.19 $0.00 $65.51 $12,302.10
19 $12,302.10 $651.19 $0.00 $69.56 $13,022.85
20 $13,022.85 $651.19 $0.00 $73.63 $13,747.67
21 $13,747.67 $651.19 $0.00 $77.73 $14,476.59
22 $14,476.59 $651.19 $0.00 $81.85 $15,209.63
23 $15,209.63 $651.19 $0.00 $86.00 $15,946.82
24 $15,946.82 $651.19 $0.00 $90.17 $16,688.18
25 $16,688.18 $651.19 $0.00 $94.36 $17,433.73
26 $17,433.73 $651.19 $0.00 $98.57 $18,183.49
27 $18,183.49 $651.19 $0.00 $102.81 $18,937.49
28 $18,937.49 $651.19 $0.00 $107.08 $19,695.76
29 $19,695.76 $651.19 $0.00 $111.36 $20,458.31
30 $20,458.31 $651.19 $0.00 $115.67 $21,225.17
31 $21,225.17 $651.19 $0.00 $120.01 $21,996.37
32 $21,996.37 $651.19 $0.00 $124.37 $22,771.93
33 $22,771.93 $651.19 $0.00 $128.76 $23,551.88
34 $23,551.88 $651.19 $0.00 $133.17 $24,336.24
35 $24,336.24 $651.19 $0.00 $137.60 $25,125.03
36 $25,125.03 $651.19 $0.00 $142.06 $25,918.28
37 $25,918.28 $651.19 $0.00 $146.55 $26,716.02
38 $26,716.02 $651.19 $0.00 $151.06 $27,518.27
39 $27,518.27 $651.19 $0.00 $155.59 $28,325.05
40 $28,325.05 $651.19 $0.00 $160.15 $29,136.39
41 $29,136.39 $651.19 $0.00 $164.74 $29,952.32
42 $29,952.32 $651.19 $0.00 $169.35 $30,772.86
43 $30,772.86 $651.19 $0.00 $173.99 $31,598.04
44 $31,598.04 $651.19 $0.00 $178.66 $32,427.89
45 $32,427.89 $651.19 $0.00 $183.35 $33,262.43
46 $33,262.43 $651.19 $0.00 $188.07 $34,101.69
47 $34,101.69 $651.19 $0.00 $192.82 $34,945.70
48 $34,945.70 $651.19 $0.00 $197.59 $35,794.48
49 $35,794.48 $651.19 $0.00 $202.39 $36,648.06
50 $36,648.06 $651.19 $0.00 $207.21 $37,506.46
51 $37,506.46 $651.19 $0.00 $212.07 $38,369.72
52 $38,369.72 $651.19 $0.00 $216.95 $39,237.86
53 $39,237.86 $651.19 $0.00 $221.86 $40,110.91
54 $40,110.91 $651.19 $0.00 $226.79 $40,988.89
55 $40,988.89 $651.19 $0.00 $231.76 $41,871.84
56 $41,871.84 $651.19 $0.00 $236.75 $42,759.78
57 $42,759.78 $651.19 $0.00 $241.77 $43,652.74
58 $43,652.74 $651.19 $0.00 $246.82 $44,550.75
59 $44,550.75 $651.19 $0.00 $251.90 $45,453.84
60 $45,453.84 $651.19 $0.00 $257.00 $46,362.03
61 $46,362.03 $651.19 $0.00 $262.14 $47,275.36
62 $47,275.36 $651.19 $0.00 $267.30 $48,193.85
63 $48,193.85 $651.19 $0.00 $272.50 $49,117.54
64 $49,117.54 $651.19 $0.00 $277.72 $50,046.45
65 $50,046.45 $651.19 $0.00 $282.97 $50,980.61
66 $50,980.61 $651.19 $0.00 $288.25 $51,920.05
67 $51,920.05 $651.19 $0.00 $293.56 $52,864.80
68 $52,864.80 $651.19 $0.00 $298.91 $53,814.90
69 $53,814.90 $651.19 $0.00 $304.28 $54,770.37
70 $54,770.37 $651.19 $0.00 $309.68 $55,731.24
71 $55,731.24 $651.19 $0.00 $315.11 $56,697.54
72 $56,697.54 $651.19 $0.00 $320.58 $57,669.31
73 $57,669.31 $651.19 $0.00 $326.07 $58,646.57
74 $58,646.57 $651.19 $0.00 $331.60 $59,629.36
75 $59,629.36 $651.19 $0.00 $337.15 $60,617.70
76 $60,617.70 $651.19 $0.00 $342.74 $61,611.63
77 $61,611.63 $651.19 $0.00 $348.36 $62,611.18
78 $62,611.18 $651.19 $0.00 $354.01 $63,616.38
79 $63,616.38 $651.19 $0.00 $359.70 $64,627.27
80 $64,627.27 $651.19 $0.00 $365.41 $65,643.87
81 $65,643.87 $651.19 $0.00 $371.16 $66,666.22
82 $66,666.22 $651.19 $0.00 $376.94 $67,694.35
83 $67,694.35 $651.19 $0.00 $382.75 $68,728.29
84 $68,728.29 $651.19 $0.00 $388.60 $69,768.08
85 $69,768.08 $651.19 $0.00 $394.48 $70,813.75
86 $70,813.75 $651.19 $0.00 $400.39 $71,865.33
87 $71,865.33 $651.19 $0.00 $406.34 $72,922.86
88 $72,922.86 $651.19 $0.00 $412.32 $73,986.37
89 $73,986.37 $651.19 $0.00 $418.33 $75,055.89
90 $75,055.89 $651.19 $0.00 $424.38 $76,131.46
91 $76,131.46 $651.19 $0.00 $430.46 $77,213.11
92 $77,213.11 $651.19 $0.00 $436.57 $78,300.87
93 $78,300.87 $651.19 $0.00 $442.72 $79,394.78
94 $79,394.78 $651.19 $0.00 $448.91 $80,494.88
95 $80,494.88 $651.19 $0.00 $455.13 $81,601.20
96 $81,601.20 $651.19 $0.00 $461.39 $82,713.78
97 $82,713.78 $651.19 $0.00 $467.68 $83,832.65
98 $83,832.65 $651.19 $0.00 $474.00 $84,957.84
99 $84,957.84 $651.19 $0.00 $480.36 $86,089.39
100 $86,089.39 $651.19 $0.00 $486.76 $87,227.34
101 $87,227.34 $651.19 $0.00 $493.20 $88,371.73
102 $88,371.73 $651.19 $0.00 $499.67 $89,522.59
103 $89,522.59 $651.19 $0.00 $506.17 $90,679.95
104 $90,679.95 $651.19 $0.00 $512.72 $91,843.86
105 $91,843.86 $651.19 $0.00 $519.30 $93,014.35
106 $93,014.35 $651.19 $0.00 $525.92 $94,191.46
107 $94,191.46 $651.19 $0.00 $532.57 $95,375.22
108 $95,375.22 $651.19 $0.00 $539.27 $96,565.68
109 $96,565.68 $651.19 $0.00 $546.00 $97,762.87
110 $97,762.87 $651.19 $0.00 $552.77 $98,966.83
111 $98,966.83 $651.19 $0.00 $559.57 $100,177.59
112 $100,177.59 $651.19 $0.00 $566.42 $101,395.20
113 $101,395.20 $651.19 $0.00 $573.30 $102,619.69
114 $102,619.69 $651.19 $0.00 $580.23 $103,851.11
115 $103,851.11 $651.19 $0.00 $587.19 $105,089.49
116 $105,089.49 $651.19 $0.00 $594.19 $106,334.87
117 $106,334.87 $651.19 $0.00 $601.23 $107,587.29
118 $107,587.29 $651.19 $0.00 $608.31 $108,846.79
119 $108,846.79 $651.19 $0.00 $615.44 $110,113.42
120 $110,113.42 $651.19 $0.00 $622.60 $111,387.21
121 $111,387.21 $651.19 $0.00 $629.80 $112,668.20
122 $112,668.20 $651.19 $0.00 $637.04 $113,956.43
123 $113,956.43 $651.19 $0.00 $644.33 $115,251.95
124 $115,251.95 $651.19 $0.00 $651.65 $116,554.79
125 $116,554.79 $651.19 $0.00 $659.02 $117,865.00
126 $117,865.00 $651.19 $0.00 $666.43 $119,182.62
127 $119,182.62 $651.19 $0.00 $673.88 $120,507.69
128 $120,507.69 $651.19 $0.00 $681.37 $121,840.25
129 $121,840.25 $651.19 $0.00 $688.90 $123,180.34
130 $123,180.34 $651.19 $0.00 $696.48 $124,528.01
131 $124,528.01 $651.19 $0.00 $704.10 $125,883.30
132 $125,883.30 $651.19 $0.00 $711.76 $127,246.25
133 $127,246.25 $651.19 $0.00 $719.47 $128,616.91
134 $128,616.91 $651.19 $0.00 $727.22 $129,995.32
135 $129,995.32 $651.19 $0.00 $735.01 $131,381.52
136 $131,381.52 $651.19 $0.00 $742.85 $132,775.56
137 $132,775.56 $651.19 $0.00 $750.73 $134,177.48
138 $134,177.48 $651.19 $0.00 $758.66 $135,587.33
139 $135,587.33 $651.19 $0.00 $766.63 $137,005.15
140 $137,005.15 $651.19 $0.00 $774.65 $138,430.99
141 $138,430.99 $651.19 $0.00 $782.71 $139,864.89
142 $139,864.89 $651.19 $0.00 $790.82 $141,306.90
143 $141,306.90 $651.19 $0.00 $798.97 $142,757.06
144 $142,757.06 $651.19 $0.00 $807.17 $144,215.42
145 $144,215.42 $651.19 $0.00 $815.41 $145,682.02
146 $145,682.02 $651.19 $0.00 $823.71 $147,156.92
147 $147,156.92 $651.19 $0.00 $832.05 $148,640.16
148 $148,640.16 $651.19 $0.00 $840.43 $150,131.78
149 $150,131.78 $651.19 $0.00 $848.87 $151,631.84
150 $151,631.84 $651.19 $0.00 $857.35 $153,140.38
151 $153,140.38 $651.19 $0.00 $865.88 $154,657.45
152 $154,657.45 $651.19 $0.00 $874.46 $156,183.10
153 $156,183.10 $651.19 $0.00 $883.08 $157,717.37
154 $157,717.37 $651.19 $0.00 $891.76 $159,260.32
155 $159,260.32 $651.19 $0.00 $900.48 $160,811.99
156 $160,811.99 $651.19 $0.00 $909.25 $162,372.43
157 $162,372.43 $651.19 $0.00 $918.08 $163,941.70
158 $163,941.70 $651.19 $0.00 $926.95 $165,519.84
159 $165,519.84 $651.19 $0.00 $935.87 $167,106.90
160 $167,106.90 $651.19 $0.00 $944.85 $168,702.94
161 $168,702.94 $651.19 $0.00 $953.87 $170,308.00
162 $170,308.00 $651.19 $0.00 $962.95 $171,922.14
163 $171,922.14 $651.19 $0.00 $972.07 $173,545.40
164 $173,545.40 $651.19 $0.00 $981.25 $175,177.84
165 $175,177.84 $651.19 $0.00 $990.48 $176,819.51
166 $176,819.51 $651.19 $0.00 $999.76 $178,470.46
167 $178,470.46 $651.19 $0.00 $1,009.10 $180,130.75
168 $180,130.75 $651.19 $0.00 $1,018.49 $181,800.43
169 $181,800.43 $651.19 $0.00 $1,027.93 $183,479.55
170 $183,479.55 $651.19 $0.00 $1,037.42 $185,168.16
171 $185,168.16 $651.19 $0.00 $1,046.97 $186,866.32
172 $186,866.32 $651.19 $0.00 $1,056.57 $188,574.08
173 $188,574.08 $651.19 $0.00 $1,066.23 $190,291.50
174 $190,291.50 $651.19 $0.00 $1,075.94 $192,018.63
175 $192,018.63 $651.19 $0.00 $1,085.70 $193,755.52
176 $193,755.52 $651.19 $0.00 $1,095.52 $195,502.23
177 $195,502.23 $651.19 $0.00 $1,105.40 $197,258.82
178 $197,258.82 $651.19 $0.00 $1,115.33 $199,025.34
179 $199,025.34 $651.19 $0.00 $1,125.32 $200,801.85
180 $200,801.85 $651.19 $0.00 $1,135.36 $202,588.40
181 $202,588.40 $651.19 $0.00 $1,145.46 $204,385.05
182 $204,385.05 $651.19 $0.00 $1,155.62 $206,191.86
183 $206,191.86 $651.19 $0.00 $1,165.84 $208,008.89
184 $208,008.89 $651.19 $0.00 $1,176.11 $209,836.19
185 $209,836.19 $651.19 $0.00 $1,186.44 $211,673.82
186 $211,673.82 $651.19 $0.00 $1,196.83 $213,521.84
187 $213,521.84 $651.19 $0.00 $1,207.28 $215,380.31
188 $215,380.31 $651.19 $0.00 $1,217.79 $217,249.29
189 $217,249.29 $651.19 $0.00 $1,228.36 $219,128.84
190 $219,128.84 $651.19 $0.00 $1,238.99 $221,019.02
191 $221,019.02 $651.19 $0.00 $1,249.67 $222,919.88
192 $222,919.88 $651.19 $0.00 $1,260.42 $224,831.49
193 $224,831.49 $651.19 $0.00 $1,271.23 $226,753.91
194 $226,753.91 $651.19 $0.00 $1,282.10 $228,687.20
195 $228,687.20 $651.19 $0.00 $1,293.03 $230,631.42
196 $230,631.42 $651.19 $0.00 $1,304.02 $232,586.63
197 $232,586.63 $651.19 $0.00 $1,315.08 $234,552.90
198 $234,552.90 $651.19 $0.00 $1,326.20 $236,530.29
199 $236,530.29 $651.19 $0.00 $1,337.38 $238,518.86
200 $238,518.86 $651.19 $0.00 $1,348.62 $240,518.67
201 $240,518.67 $651.19 $0.00 $1,359.93 $242,529.79
202 $242,529.79 $651.19 $0.00 $1,371.30 $244,552.28
203 $244,552.28 $651.19 $0.00 $1,382.73 $246,586.20
204 $246,586.20 $651.19 $0.00 $1,394.23 $248,631.62
205 $248,631.62 $651.19 $0.00 $1,405.80 $250,688.61
206 $250,688.61 $651.19 $0.00 $1,417.43 $252,757.23
207 $252,757.23 $651.19 $0.00 $1,429.13 $254,837.55
208 $254,837.55 $651.19 $0.00 $1,440.89 $256,929.63
209 $256,929.63 $651.19 $0.00 $1,452.72 $259,033.54
210 $259,033.54 $651.19 $0.00 $1,464.61 $261,149.34
211 $261,149.34 $651.19 $0.00 $1,476.58 $263,277.11
212 $263,277.11 $651.19 $0.00 $1,488.61 $265,416.91
213 $265,416.91 $651.19 $0.00 $1,500.71 $267,568.81
214 $267,568.81 $651.19 $0.00 $1,512.87 $269,732.87
215 $269,732.87 $651.19 $0.00 $1,525.11 $271,909.17
216 $271,909.17 $651.19 $0.00 $1,537.41 $274,097.77
217 $274,097.77 $651.19 $74,230.07 $1,549.79 $202,068.68
218 $202,068.68 $651.19 $0.00 $1,142.53 $203,862.40
219 $203,862.40 $651.19 $0.00 $1,152.67 $205,666.26
220 $205,666.26 $651.19 $0.00 $1,162.87 $207,480.32
221 $207,480.32 $651.19 $0.00 $1,173.12 $209,304.63
222 $209,304.63 $651.19 $0.00 $1,183.44 $211,139.26
223 $211,139.26 $651.19 $0.00 $1,193.81 $212,984.26
224 $212,984.26 $651.19 $0.00 $1,204.24 $214,839.69
225 $214,839.69 $651.19 $0.00 $1,214.73 $216,705.61
226 $216,705.61 $651.19 $0.00 $1,225.29 $218,582.09
227 $218,582.09 $651.19 $0.00 $1,235.89 $220,469.17
228 $220,469.17 $651.19 $0.00 $1,246.56 $222,366.92
229 $222,366.92 $651.19 $79,426.18 $1,257.29 $144,849.22
230 $144,849.22 $651.19 $0.00 $819.00 $146,319.41
231 $146,319.41 $651.19 $0.00 $827.31 $147,797.91
232 $147,797.91 $651.19 $0.00 $835.67 $149,284.77
233 $149,284.77 $651.19 $0.00 $844.08 $150,780.04
234 $150,780.04 $651.19 $0.00 $852.53 $152,283.76
235 $152,283.76 $651.19 $0.00 $861.03 $153,795.98
236 $153,795.98 $651.19 $0.00 $869.58 $155,316.75
237 $155,316.75 $651.19 $0.00 $878.18 $156,846.12
238 $156,846.12 $651.19 $0.00 $886.83 $158,384.14
239 $158,384.14 $651.19 $0.00 $895.53 $159,930.86
240 $159,930.86 $651.19 $0.00 $904.27 $161,486.32
241 $161,486.32 $651.19 $84,986.01 $913.07 $78,064.57
242 $78,064.57 $651.19 $0.00 $441.39 $79,157.15
243 $79,157.15 $651.19 $0.00 $447.57 $80,255.91
244 $80,255.91 $651.19 $0.00 $453.78 $81,360.88
245 $81,360.88 $651.19 $0.00 $460.03 $82,472.10
246 $82,472.10 $651.19 $0.00 $466.31 $83,589.60
247 $83,589.60 $651.19 $0.00 $472.63 $84,713.42
248 $84,713.42 $651.19 $0.00 $478.98 $85,843.59
249 $85,843.59 $651.19 $0.00 $485.37 $86,980.15
250 $86,980.15 $651.19 $0.00 $491.80 $88,123.14
251 $88,123.14 $651.19 $0.00 $498.26 $89,272.59
252 $89,272.59 $651.19 $0.00 $504.76 $90,428.54
253 $90,428.54 $0.00 $90,935.03 $511.30 $4.81