Savings Plan and Future Cost Estimation for Tulane University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$314,728
Monthly savings required$2,487

How much will it cost to send your child to Tulane University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,258,912.62 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,487.37 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$83,890.00
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 $2,487.37 $0.00 $0.00 $2,487.37
2 $2,487.37 $2,487.37 $0.00 $14.06 $4,988.80
3 $4,988.80 $2,487.37 $0.00 $28.21 $7,504.38
4 $7,504.38 $2,487.37 $0.00 $42.43 $10,034.18
5 $10,034.18 $2,487.37 $0.00 $56.73 $12,578.28
6 $12,578.28 $2,487.37 $0.00 $71.12 $15,136.77
7 $15,136.77 $2,487.37 $0.00 $85.59 $17,709.73
8 $17,709.73 $2,487.37 $0.00 $100.13 $20,297.23
9 $20,297.23 $2,487.37 $0.00 $114.76 $22,899.36
10 $22,899.36 $2,487.37 $0.00 $129.48 $25,516.21
11 $25,516.21 $2,487.37 $0.00 $144.27 $28,147.85
12 $28,147.85 $2,487.37 $0.00 $159.15 $30,794.37
13 $30,794.37 $2,487.37 $0.00 $174.12 $33,455.86
14 $33,455.86 $2,487.37 $0.00 $189.16 $36,132.39
15 $36,132.39 $2,487.37 $0.00 $204.30 $38,824.06
16 $38,824.06 $2,487.37 $0.00 $219.52 $41,530.95
17 $41,530.95 $2,487.37 $0.00 $234.82 $44,253.14
18 $44,253.14 $2,487.37 $0.00 $250.21 $46,990.72
19 $46,990.72 $2,487.37 $0.00 $265.69 $49,743.78
20 $49,743.78 $2,487.37 $0.00 $281.26 $52,512.41
21 $52,512.41 $2,487.37 $0.00 $296.91 $55,296.69
22 $55,296.69 $2,487.37 $0.00 $312.66 $58,096.72
23 $58,096.72 $2,487.37 $0.00 $328.49 $60,912.58
24 $60,912.58 $2,487.37 $0.00 $344.41 $63,744.36
25 $63,744.36 $2,487.37 $0.00 $360.42 $66,592.15
26 $66,592.15 $2,487.37 $0.00 $376.52 $69,456.04
27 $69,456.04 $2,487.37 $0.00 $392.71 $72,336.12
28 $72,336.12 $2,487.37 $0.00 $409.00 $75,232.49
29 $75,232.49 $2,487.37 $0.00 $425.38 $78,145.24
30 $78,145.24 $2,487.37 $0.00 $441.84 $81,074.45
31 $81,074.45 $2,487.37 $0.00 $458.41 $84,020.23
32 $84,020.23 $2,487.37 $0.00 $475.06 $86,982.66
33 $86,982.66 $2,487.37 $0.00 $491.81 $89,961.84
34 $89,961.84 $2,487.37 $0.00 $508.66 $92,957.87
35 $92,957.87 $2,487.37 $0.00 $525.60 $95,970.84
36 $95,970.84 $2,487.37 $0.00 $542.63 $99,000.84
37 $99,000.84 $2,487.37 $0.00 $559.77 $102,047.98
38 $102,047.98 $2,487.37 $0.00 $576.99 $105,112.34
39 $105,112.34 $2,487.37 $0.00 $594.32 $108,194.03
40 $108,194.03 $2,487.37 $0.00 $611.74 $111,293.14
41 $111,293.14 $2,487.37 $0.00 $629.27 $114,409.78
42 $114,409.78 $2,487.37 $0.00 $646.89 $117,544.04
43 $117,544.04 $2,487.37 $0.00 $664.61 $120,696.02
44 $120,696.02 $2,487.37 $0.00 $682.43 $123,865.82
45 $123,865.82 $2,487.37 $0.00 $700.36 $127,053.55
46 $127,053.55 $2,487.37 $0.00 $718.38 $130,259.30
47 $130,259.30 $2,487.37 $0.00 $736.51 $133,483.18
48 $133,483.18 $2,487.37 $0.00 $754.73 $136,725.28
49 $136,725.28 $2,487.37 $0.00 $773.06 $139,985.71
50 $139,985.71 $2,487.37 $0.00 $791.50 $143,264.58
51 $143,264.58 $2,487.37 $0.00 $810.04 $146,561.99
52 $146,561.99 $2,487.37 $0.00 $828.68 $149,878.04
53 $149,878.04 $2,487.37 $0.00 $847.43 $153,212.84
54 $153,212.84 $2,487.37 $0.00 $866.29 $156,566.50
55 $156,566.50 $2,487.37 $0.00 $885.25 $159,939.12
56 $159,939.12 $2,487.37 $0.00 $904.32 $163,330.81
57 $163,330.81 $2,487.37 $0.00 $923.50 $166,741.68
58 $166,741.68 $2,487.37 $0.00 $942.78 $170,171.83
59 $170,171.83 $2,487.37 $0.00 $962.18 $173,621.38
60 $173,621.38 $2,487.37 $0.00 $981.68 $177,090.43
61 $177,090.43 $2,487.37 $0.00 $1,001.30 $180,579.10
62 $180,579.10 $2,487.37 $0.00 $1,021.02 $184,087.49
63 $184,087.49 $2,487.37 $0.00 $1,040.86 $187,615.72
64 $187,615.72 $2,487.37 $0.00 $1,060.81 $191,163.90
65 $191,163.90 $2,487.37 $0.00 $1,080.87 $194,732.14
66 $194,732.14 $2,487.37 $0.00 $1,101.04 $198,320.55
67 $198,320.55 $2,487.37 $0.00 $1,121.33 $201,929.25
68 $201,929.25 $2,487.37 $0.00 $1,141.74 $205,558.36
69 $205,558.36 $2,487.37 $0.00 $1,162.26 $209,207.99
70 $209,207.99 $2,487.37 $0.00 $1,182.89 $212,878.25
71 $212,878.25 $2,487.37 $0.00 $1,203.64 $216,569.26
72 $216,569.26 $2,487.37 $0.00 $1,224.51 $220,281.14
73 $220,281.14 $2,487.37 $0.00 $1,245.50 $224,014.01
74 $224,014.01 $2,487.37 $0.00 $1,266.61 $227,767.99
75 $227,767.99 $2,487.37 $0.00 $1,287.83 $231,543.19
76 $231,543.19 $2,487.37 $0.00 $1,309.18 $235,339.74
77 $235,339.74 $2,487.37 $0.00 $1,330.65 $239,157.76
78 $239,157.76 $2,487.37 $0.00 $1,352.23 $242,997.36
79 $242,997.36 $2,487.37 $0.00 $1,373.94 $246,858.67
80 $246,858.67 $2,487.37 $0.00 $1,395.77 $250,741.81
81 $250,741.81 $2,487.37 $0.00 $1,417.73 $254,646.91
82 $254,646.91 $2,487.37 $0.00 $1,439.81 $258,574.09
83 $258,574.09 $2,487.37 $0.00 $1,462.02 $262,523.48
84 $262,523.48 $2,487.37 $0.00 $1,484.35 $266,495.20
85 $266,495.20 $2,487.37 $0.00 $1,506.80 $270,489.37
86 $270,489.37 $2,487.37 $0.00 $1,529.39 $274,506.13
87 $274,506.13 $2,487.37 $0.00 $1,552.10 $278,545.60
88 $278,545.60 $2,487.37 $0.00 $1,574.94 $282,607.91
89 $282,607.91 $2,487.37 $0.00 $1,597.91 $286,693.19
90 $286,693.19 $2,487.37 $0.00 $1,621.00 $290,801.56
91 $290,801.56 $2,487.37 $0.00 $1,644.23 $294,933.16
92 $294,933.16 $2,487.37 $0.00 $1,667.59 $299,088.12
93 $299,088.12 $2,487.37 $0.00 $1,691.09 $303,266.58
94 $303,266.58 $2,487.37 $0.00 $1,714.71 $307,468.66
95 $307,468.66 $2,487.37 $0.00 $1,738.47 $311,694.50
96 $311,694.50 $2,487.37 $0.00 $1,762.37 $315,944.24
97 $315,944.24 $2,487.37 $0.00 $1,786.39 $320,218.00
98 $320,218.00 $2,487.37 $0.00 $1,810.56 $324,515.93
99 $324,515.93 $2,487.37 $0.00 $1,834.86 $328,838.16
100 $328,838.16 $2,487.37 $0.00 $1,859.30 $333,184.83
101 $333,184.83 $2,487.37 $0.00 $1,883.88 $337,556.08
102 $337,556.08 $2,487.37 $0.00 $1,908.59 $341,952.04
103 $341,952.04 $2,487.37 $0.00 $1,933.45 $346,372.86
104 $346,372.86 $2,487.37 $0.00 $1,958.44 $350,818.67
105 $350,818.67 $2,487.37 $0.00 $1,983.58 $355,289.62
106 $355,289.62 $2,487.37 $0.00 $2,008.86 $359,785.85
107 $359,785.85 $2,487.37 $0.00 $2,034.28 $364,307.50
108 $364,307.50 $2,487.37 $0.00 $2,059.85 $368,854.72
109 $368,854.72 $2,487.37 $0.00 $2,085.56 $373,427.65
110 $373,427.65 $2,487.37 $0.00 $2,111.41 $378,026.43
111 $378,026.43 $2,487.37 $0.00 $2,137.42 $382,651.22
112 $382,651.22 $2,487.37 $0.00 $2,163.57 $387,302.16
113 $387,302.16 $2,487.37 $0.00 $2,189.86 $391,979.39
114 $391,979.39 $2,487.37 $0.00 $2,216.31 $396,683.07
115 $396,683.07 $2,487.37 $0.00 $2,242.90 $401,413.34
116 $401,413.34 $2,487.37 $0.00 $2,269.65 $406,170.36
117 $406,170.36 $2,487.37 $0.00 $2,296.55 $410,954.28
118 $410,954.28 $2,487.37 $0.00 $2,323.60 $415,765.25
119 $415,765.25 $2,487.37 $0.00 $2,350.80 $420,603.42
120 $420,603.42 $2,487.37 $0.00 $2,378.15 $425,468.94
121 $425,468.94 $2,487.37 $0.00 $2,405.66 $430,361.97
122 $430,361.97 $2,487.37 $0.00 $2,433.33 $435,282.67
123 $435,282.67 $2,487.37 $0.00 $2,461.15 $440,231.19
124 $440,231.19 $2,487.37 $0.00 $2,489.13 $445,207.69
125 $445,207.69 $2,487.37 $0.00 $2,517.27 $450,212.33
126 $450,212.33 $2,487.37 $0.00 $2,545.57 $455,245.27
127 $455,245.27 $2,487.37 $0.00 $2,574.02 $460,306.66
128 $460,306.66 $2,487.37 $0.00 $2,602.64 $465,396.67
129 $465,396.67 $2,487.37 $0.00 $2,631.42 $470,515.46
130 $470,515.46 $2,487.37 $0.00 $2,660.36 $475,663.19
131 $475,663.19 $2,487.37 $0.00 $2,689.47 $480,840.03
132 $480,840.03 $2,487.37 $0.00 $2,718.74 $486,046.14
133 $486,046.14 $2,487.37 $0.00 $2,748.18 $491,281.69
134 $491,281.69 $2,487.37 $0.00 $2,777.78 $496,546.84
135 $496,546.84 $2,487.37 $0.00 $2,807.55 $501,841.76
136 $501,841.76 $2,487.37 $0.00 $2,837.49 $507,166.62
137 $507,166.62 $2,487.37 $0.00 $2,867.59 $512,521.58
138 $512,521.58 $2,487.37 $0.00 $2,897.87 $517,906.82
139 $517,906.82 $2,487.37 $0.00 $2,928.32 $523,322.51
140 $523,322.51 $2,487.37 $0.00 $2,958.94 $528,768.82
141 $528,768.82 $2,487.37 $0.00 $2,989.74 $534,245.93
142 $534,245.93 $2,487.37 $0.00 $3,020.70 $539,754.00
143 $539,754.00 $2,487.37 $0.00 $3,051.85 $545,293.22
144 $545,293.22 $2,487.37 $0.00 $3,083.17 $550,863.76
145 $550,863.76 $2,487.37 $0.00 $3,114.66 $556,465.79
146 $556,465.79 $2,487.37 $0.00 $3,146.34 $562,099.50
147 $562,099.50 $2,487.37 $0.00 $3,178.19 $567,765.06
148 $567,765.06 $2,487.37 $0.00 $3,210.23 $573,462.66
149 $573,462.66 $2,487.37 $0.00 $3,242.44 $579,192.47
150 $579,192.47 $2,487.37 $0.00 $3,274.84 $584,954.68
151 $584,954.68 $2,487.37 $0.00 $3,307.42 $590,749.47
152 $590,749.47 $2,487.37 $0.00 $3,340.18 $596,577.02
153 $596,577.02 $2,487.37 $0.00 $3,373.13 $602,437.52
154 $602,437.52 $2,487.37 $0.00 $3,406.27 $608,331.16
155 $608,331.16 $2,487.37 $0.00 $3,439.59 $614,258.12
156 $614,258.12 $2,487.37 $0.00 $3,473.10 $620,218.59
157 $620,218.59 $2,487.37 $0.00 $3,506.81 $626,212.77
158 $626,212.77 $2,487.37 $0.00 $3,540.70 $632,240.84
159 $632,240.84 $2,487.37 $0.00 $3,574.78 $638,302.99
160 $638,302.99 $2,487.37 $0.00 $3,609.06 $644,399.42
161 $644,399.42 $2,487.37 $0.00 $3,643.53 $650,530.32
162 $650,530.32 $2,487.37 $0.00 $3,678.19 $656,695.88
163 $656,695.88 $2,487.37 $0.00 $3,713.05 $662,896.30
164 $662,896.30 $2,487.37 $0.00 $3,748.11 $669,131.78
165 $669,131.78 $2,487.37 $0.00 $3,783.37 $675,402.52
166 $675,402.52 $2,487.37 $0.00 $3,818.82 $681,708.71
167 $681,708.71 $2,487.37 $0.00 $3,854.48 $688,050.56
168 $688,050.56 $2,487.37 $0.00 $3,890.34 $694,428.27
169 $694,428.27 $2,487.37 $0.00 $3,926.40 $700,842.04
170 $700,842.04 $2,487.37 $0.00 $3,962.66 $707,292.07
171 $707,292.07 $2,487.37 $0.00 $3,999.13 $713,778.57
172 $713,778.57 $2,487.37 $0.00 $4,035.81 $720,301.75
173 $720,301.75 $2,487.37 $0.00 $4,072.69 $726,861.81
174 $726,861.81 $2,487.37 $0.00 $4,109.78 $733,458.96
175 $733,458.96 $2,487.37 $0.00 $4,147.08 $740,093.41
176 $740,093.41 $2,487.37 $0.00 $4,184.60 $746,765.38
177 $746,765.38 $2,487.37 $0.00 $4,222.32 $753,475.07
178 $753,475.07 $2,487.37 $0.00 $4,260.26 $760,222.70
179 $760,222.70 $2,487.37 $0.00 $4,298.41 $767,008.48
180 $767,008.48 $2,487.37 $0.00 $4,336.78 $773,832.63
181 $773,832.63 $2,487.37 $0.00 $4,375.36 $780,695.36
182 $780,695.36 $2,487.37 $0.00 $4,414.17 $787,596.90
183 $787,596.90 $2,487.37 $0.00 $4,453.19 $794,537.46
184 $794,537.46 $2,487.37 $0.00 $4,492.43 $801,517.26
185 $801,517.26 $2,487.37 $0.00 $4,531.90 $808,536.53
186 $808,536.53 $2,487.37 $0.00 $4,571.58 $815,595.48
187 $815,595.48 $2,487.37 $0.00 $4,611.50 $822,694.35
188 $822,694.35 $2,487.37 $0.00 $4,651.63 $829,833.35
189 $829,833.35 $2,487.37 $0.00 $4,692.00 $837,012.72
190 $837,012.72 $2,487.37 $0.00 $4,732.59 $844,232.68
191 $844,232.68 $2,487.37 $0.00 $4,773.41 $851,493.46
192 $851,493.46 $2,487.37 $0.00 $4,814.47 $858,795.30
193 $858,795.30 $2,487.37 $0.00 $4,855.75 $866,138.42
194 $866,138.42 $2,487.37 $0.00 $4,897.27 $873,523.06
195 $873,523.06 $2,487.37 $0.00 $4,939.03 $880,949.46
196 $880,949.46 $2,487.37 $0.00 $4,981.02 $888,417.85
197 $888,417.85 $2,487.37 $0.00 $5,023.24 $895,928.46
198 $895,928.46 $2,487.37 $0.00 $5,065.71 $903,481.54
199 $903,481.54 $2,487.37 $0.00 $5,108.42 $911,077.33
200 $911,077.33 $2,487.37 $0.00 $5,151.36 $918,716.06
201 $918,716.06 $2,487.37 $0.00 $5,194.55 $926,397.98
202 $926,397.98 $2,487.37 $0.00 $5,237.99 $934,123.34
203 $934,123.34 $2,487.37 $0.00 $5,281.67 $941,892.38
204 $941,892.38 $2,487.37 $0.00 $5,325.60 $949,705.35
205 $949,705.35 $2,487.37 $0.00 $5,369.77 $957,562.49
206 $957,562.49 $2,487.37 $0.00 $5,414.20 $965,464.06
207 $965,464.06 $2,487.37 $0.00 $5,458.87 $973,410.30
208 $973,410.30 $2,487.37 $0.00 $5,503.80 $981,401.47
209 $981,401.47 $2,487.37 $0.00 $5,548.99 $989,437.83
210 $989,437.83 $2,487.37 $0.00 $5,594.43 $997,519.63
211 $997,519.63 $2,487.37 $0.00 $5,640.12 $1,005,647.12
212 $1,005,647.12 $2,487.37 $0.00 $5,686.08 $1,013,820.57
213 $1,013,820.57 $2,487.37 $0.00 $5,732.29 $1,022,040.23
214 $1,022,040.23 $2,487.37 $0.00 $5,778.76 $1,030,306.36
215 $1,030,306.36 $2,487.37 $0.00 $5,825.50 $1,038,619.23
216 $1,038,619.23 $2,487.37 $0.00 $5,872.50 $1,046,979.10
217 $1,046,979.10 $2,487.37 $283,542.52 $5,919.77 $771,843.72
218 $771,843.72 $2,487.37 $0.00 $4,364.12 $778,695.21
219 $778,695.21 $2,487.37 $0.00 $4,402.86 $785,585.44
220 $785,585.44 $2,487.37 $0.00 $4,441.81 $792,514.62
221 $792,514.62 $2,487.37 $0.00 $4,480.99 $799,482.98
222 $799,482.98 $2,487.37 $0.00 $4,520.39 $806,490.74
223 $806,490.74 $2,487.37 $0.00 $4,560.02 $813,538.13
224 $813,538.13 $2,487.37 $0.00 $4,599.86 $820,625.36
225 $820,625.36 $2,487.37 $0.00 $4,639.94 $827,752.67
226 $827,752.67 $2,487.37 $0.00 $4,680.23 $834,920.27
227 $834,920.27 $2,487.37 $0.00 $4,720.76 $842,128.40
228 $842,128.40 $2,487.37 $0.00 $4,761.52 $849,377.29
229 $849,377.29 $2,487.37 $303,390.49 $4,802.50 $553,276.67
230 $553,276.67 $2,487.37 $0.00 $3,128.31 $558,892.35
231 $558,892.35 $2,487.37 $0.00 $3,160.06 $564,539.78
232 $564,539.78 $2,487.37 $0.00 $3,191.99 $570,219.14
233 $570,219.14 $2,487.37 $0.00 $3,224.10 $575,930.61
234 $575,930.61 $2,487.37 $0.00 $3,256.40 $581,674.38
235 $581,674.38 $2,487.37 $0.00 $3,288.87 $587,450.62
236 $587,450.62 $2,487.37 $0.00 $3,321.53 $593,259.52
237 $593,259.52 $2,487.37 $0.00 $3,354.38 $599,101.27
238 $599,101.27 $2,487.37 $0.00 $3,387.41 $604,976.05
239 $604,976.05 $2,487.37 $0.00 $3,420.62 $610,884.04
240 $610,884.04 $2,487.37 $0.00 $3,454.03 $616,825.44
241 $616,825.44 $2,487.37 $324,627.83 $3,487.62 $298,172.60
242 $298,172.60 $2,487.37 $0.00 $1,685.91 $302,345.88
243 $302,345.88 $2,487.37 $0.00 $1,709.51 $306,542.76
244 $306,542.76 $2,487.37 $0.00 $1,733.24 $310,763.37
245 $310,763.37 $2,487.37 $0.00 $1,757.10 $315,007.84
246 $315,007.84 $2,487.37 $0.00 $1,781.10 $319,276.31
247 $319,276.31 $2,487.37 $0.00 $1,805.23 $323,568.91
248 $323,568.91 $2,487.37 $0.00 $1,829.51 $327,885.79
249 $327,885.79 $2,487.37 $0.00 $1,853.91 $332,227.07
250 $332,227.07 $2,487.37 $0.00 $1,878.46 $336,592.90
251 $336,592.90 $2,487.37 $0.00 $1,903.15 $340,983.42
252 $340,983.42 $2,487.37 $0.00 $1,927.97 $345,398.76
253 $345,398.76 $0.00 $347,351.78 $1,952.93 -$0.09