Savings Plan and Future Cost Estimation for Western Carolina University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$71,349
Monthly savings required$564

How much will it cost to send your child to Western Carolina University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $285,397.55 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $563.89 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$19,018.00
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 $563.89 $0.00 $0.00 $563.89
2 $563.89 $563.89 $0.00 $3.19 $1,130.97
3 $1,130.97 $563.89 $0.00 $6.39 $1,701.25
4 $1,701.25 $563.89 $0.00 $9.62 $2,274.76
5 $2,274.76 $563.89 $0.00 $12.86 $2,851.51
6 $2,851.51 $563.89 $0.00 $16.12 $3,431.52
7 $3,431.52 $563.89 $0.00 $19.40 $4,014.81
8 $4,014.81 $563.89 $0.00 $22.70 $4,601.40
9 $4,601.40 $563.89 $0.00 $26.02 $5,191.31
10 $5,191.31 $563.89 $0.00 $29.35 $5,784.55
11 $5,784.55 $563.89 $0.00 $32.71 $6,381.15
12 $6,381.15 $563.89 $0.00 $36.08 $6,981.12
13 $6,981.12 $563.89 $0.00 $39.47 $7,584.48
14 $7,584.48 $563.89 $0.00 $42.88 $8,191.25
15 $8,191.25 $563.89 $0.00 $46.31 $8,801.45
16 $8,801.45 $563.89 $0.00 $49.76 $9,415.10
17 $9,415.10 $563.89 $0.00 $53.23 $10,032.22
18 $10,032.22 $563.89 $0.00 $56.72 $10,652.83
19 $10,652.83 $563.89 $0.00 $60.23 $11,276.95
20 $11,276.95 $563.89 $0.00 $63.76 $11,904.60
21 $11,904.60 $563.89 $0.00 $67.31 $12,535.80
22 $12,535.80 $563.89 $0.00 $70.88 $13,170.57
23 $13,170.57 $563.89 $0.00 $74.47 $13,808.93
24 $13,808.93 $563.89 $0.00 $78.08 $14,450.90
25 $14,450.90 $563.89 $0.00 $81.71 $15,096.50
26 $15,096.50 $563.89 $0.00 $85.36 $15,745.75
27 $15,745.75 $563.89 $0.00 $89.03 $16,398.67
28 $16,398.67 $563.89 $0.00 $92.72 $17,055.28
29 $17,055.28 $563.89 $0.00 $96.43 $17,715.60
30 $17,715.60 $563.89 $0.00 $100.17 $18,379.66
31 $18,379.66 $563.89 $0.00 $103.92 $19,047.47
32 $19,047.47 $563.89 $0.00 $107.70 $19,719.06
33 $19,719.06 $563.89 $0.00 $111.49 $20,394.44
34 $20,394.44 $563.89 $0.00 $115.31 $21,073.64
35 $21,073.64 $563.89 $0.00 $119.15 $21,756.68
36 $21,756.68 $563.89 $0.00 $123.02 $22,443.59
37 $22,443.59 $563.89 $0.00 $126.90 $23,134.38
38 $23,134.38 $563.89 $0.00 $130.81 $23,829.08
39 $23,829.08 $563.89 $0.00 $134.73 $24,527.70
40 $24,527.70 $563.89 $0.00 $138.68 $25,230.27
41 $25,230.27 $563.89 $0.00 $142.66 $25,936.82
42 $25,936.82 $563.89 $0.00 $146.65 $26,647.36
43 $26,647.36 $563.89 $0.00 $150.67 $27,361.92
44 $27,361.92 $563.89 $0.00 $154.71 $28,080.52
45 $28,080.52 $563.89 $0.00 $158.77 $28,803.18
46 $28,803.18 $563.89 $0.00 $162.86 $29,529.93
47 $29,529.93 $563.89 $0.00 $166.97 $30,260.79
48 $30,260.79 $563.89 $0.00 $171.10 $30,995.78
49 $30,995.78 $563.89 $0.00 $175.25 $31,734.92
50 $31,734.92 $563.89 $0.00 $179.43 $32,478.24
51 $32,478.24 $563.89 $0.00 $183.64 $33,225.77
52 $33,225.77 $563.89 $0.00 $187.86 $33,977.52
53 $33,977.52 $563.89 $0.00 $192.11 $34,733.52
54 $34,733.52 $563.89 $0.00 $196.39 $35,493.80
55 $35,493.80 $563.89 $0.00 $200.69 $36,258.38
56 $36,258.38 $563.89 $0.00 $205.01 $37,027.28
57 $37,027.28 $563.89 $0.00 $209.36 $37,800.53
58 $37,800.53 $563.89 $0.00 $213.73 $38,578.15
59 $38,578.15 $563.89 $0.00 $218.13 $39,360.17
60 $39,360.17 $563.89 $0.00 $222.55 $40,146.61
61 $40,146.61 $563.89 $0.00 $226.99 $40,937.49
62 $40,937.49 $563.89 $0.00 $231.47 $41,732.85
63 $41,732.85 $563.89 $0.00 $235.96 $42,532.70
64 $42,532.70 $563.89 $0.00 $240.49 $43,337.08
65 $43,337.08 $563.89 $0.00 $245.03 $44,146.00
66 $44,146.00 $563.89 $0.00 $249.61 $44,959.50
67 $44,959.50 $563.89 $0.00 $254.21 $45,777.60
68 $45,777.60 $563.89 $0.00 $258.83 $46,600.32
69 $46,600.32 $563.89 $0.00 $263.48 $47,427.69
70 $47,427.69 $563.89 $0.00 $268.16 $48,259.74
71 $48,259.74 $563.89 $0.00 $272.87 $49,096.50
72 $49,096.50 $563.89 $0.00 $277.60 $49,937.99
73 $49,937.99 $563.89 $0.00 $282.36 $50,784.24
74 $50,784.24 $563.89 $0.00 $287.14 $51,635.27
75 $51,635.27 $563.89 $0.00 $291.95 $52,491.11
76 $52,491.11 $563.89 $0.00 $296.79 $53,351.79
77 $53,351.79 $563.89 $0.00 $301.66 $54,217.34
78 $54,217.34 $563.89 $0.00 $306.55 $55,087.78
79 $55,087.78 $563.89 $0.00 $311.47 $55,963.14
80 $55,963.14 $563.89 $0.00 $316.42 $56,843.45
81 $56,843.45 $563.89 $0.00 $321.40 $57,728.74
82 $57,728.74 $563.89 $0.00 $326.41 $58,619.04
83 $58,619.04 $563.89 $0.00 $331.44 $59,514.37
84 $59,514.37 $563.89 $0.00 $336.50 $60,414.76
85 $60,414.76 $563.89 $0.00 $341.59 $61,320.24
86 $61,320.24 $563.89 $0.00 $346.71 $62,230.84
87 $62,230.84 $563.89 $0.00 $351.86 $63,146.59
88 $63,146.59 $563.89 $0.00 $357.04 $64,067.52
89 $64,067.52 $563.89 $0.00 $362.25 $64,993.66
90 $64,993.66 $563.89 $0.00 $367.48 $65,925.03
91 $65,925.03 $563.89 $0.00 $372.75 $66,861.67
92 $66,861.67 $563.89 $0.00 $378.05 $67,803.61
93 $67,803.61 $563.89 $0.00 $383.37 $68,750.87
94 $68,750.87 $563.89 $0.00 $388.73 $69,703.49
95 $69,703.49 $563.89 $0.00 $394.11 $70,661.49
96 $70,661.49 $563.89 $0.00 $399.53 $71,624.91
97 $71,624.91 $563.89 $0.00 $404.98 $72,593.78
98 $72,593.78 $563.89 $0.00 $410.46 $73,568.13
99 $73,568.13 $563.89 $0.00 $415.96 $74,547.98
100 $74,547.98 $563.89 $0.00 $421.51 $75,533.38
101 $75,533.38 $563.89 $0.00 $427.08 $76,524.35
102 $76,524.35 $563.89 $0.00 $432.68 $77,520.92
103 $77,520.92 $563.89 $0.00 $438.31 $78,523.12
104 $78,523.12 $563.89 $0.00 $443.98 $79,530.99
105 $79,530.99 $563.89 $0.00 $449.68 $80,544.56
106 $80,544.56 $563.89 $0.00 $455.41 $81,563.86
107 $81,563.86 $563.89 $0.00 $461.17 $82,588.92
108 $82,588.92 $563.89 $0.00 $466.97 $83,619.78
109 $83,619.78 $563.89 $0.00 $472.80 $84,656.47
110 $84,656.47 $563.89 $0.00 $478.66 $85,699.02
111 $85,699.02 $563.89 $0.00 $484.55 $86,747.46
112 $86,747.46 $563.89 $0.00 $490.48 $87,801.83
113 $87,801.83 $563.89 $0.00 $496.44 $88,862.16
114 $88,862.16 $563.89 $0.00 $502.44 $89,928.49
115 $89,928.49 $563.89 $0.00 $508.47 $91,000.85
116 $91,000.85 $563.89 $0.00 $514.53 $92,079.27
117 $92,079.27 $563.89 $0.00 $520.63 $93,163.79
118 $93,163.79 $563.89 $0.00 $526.76 $94,254.44
119 $94,254.44 $563.89 $0.00 $532.93 $95,351.26
120 $95,351.26 $563.89 $0.00 $539.13 $96,454.28
121 $96,454.28 $563.89 $0.00 $545.37 $97,563.54
122 $97,563.54 $563.89 $0.00 $551.64 $98,679.07
123 $98,679.07 $563.89 $0.00 $557.95 $99,800.91
124 $99,800.91 $563.89 $0.00 $564.29 $100,929.09
125 $100,929.09 $563.89 $0.00 $570.67 $102,063.65
126 $102,063.65 $563.89 $0.00 $577.08 $103,204.62
127 $103,204.62 $563.89 $0.00 $583.53 $104,352.04
128 $104,352.04 $563.89 $0.00 $590.02 $105,505.95
129 $105,505.95 $563.89 $0.00 $596.55 $106,666.39
130 $106,666.39 $563.89 $0.00 $603.11 $107,833.39
131 $107,833.39 $563.89 $0.00 $609.71 $109,006.99
132 $109,006.99 $563.89 $0.00 $616.34 $110,187.22
133 $110,187.22 $563.89 $0.00 $623.01 $111,374.12
134 $111,374.12 $563.89 $0.00 $629.73 $112,567.74
135 $112,567.74 $563.89 $0.00 $636.47 $113,768.10
136 $113,768.10 $563.89 $0.00 $643.26 $114,975.25
137 $114,975.25 $563.89 $0.00 $650.09 $116,189.23
138 $116,189.23 $563.89 $0.00 $656.95 $117,410.07
139 $117,410.07 $563.89 $0.00 $663.85 $118,637.81
140 $118,637.81 $563.89 $0.00 $670.80 $119,872.50
141 $119,872.50 $563.89 $0.00 $677.78 $121,114.17
142 $121,114.17 $563.89 $0.00 $684.80 $122,362.86
143 $122,362.86 $563.89 $0.00 $691.86 $123,618.61
144 $123,618.61 $563.89 $0.00 $698.96 $124,881.46
145 $124,881.46 $563.89 $0.00 $706.10 $126,151.45
146 $126,151.45 $563.89 $0.00 $713.28 $127,428.62
147 $127,428.62 $563.89 $0.00 $720.50 $128,713.01
148 $128,713.01 $563.89 $0.00 $727.76 $130,004.66
149 $130,004.66 $563.89 $0.00 $735.07 $131,303.62
150 $131,303.62 $563.89 $0.00 $742.41 $132,609.92
151 $132,609.92 $563.89 $0.00 $749.80 $133,923.61
152 $133,923.61 $563.89 $0.00 $757.22 $135,244.72
153 $135,244.72 $563.89 $0.00 $764.69 $136,573.30
154 $136,573.30 $563.89 $0.00 $772.21 $137,909.40
155 $137,909.40 $563.89 $0.00 $779.76 $139,253.05
156 $139,253.05 $563.89 $0.00 $787.36 $140,604.30
157 $140,604.30 $563.89 $0.00 $795.00 $141,963.19
158 $141,963.19 $563.89 $0.00 $802.68 $143,329.76
159 $143,329.76 $563.89 $0.00 $810.41 $144,704.06
160 $144,704.06 $563.89 $0.00 $818.18 $146,086.13
161 $146,086.13 $563.89 $0.00 $825.99 $147,476.01
162 $147,476.01 $563.89 $0.00 $833.85 $148,873.75
163 $148,873.75 $563.89 $0.00 $841.75 $150,279.39
164 $150,279.39 $563.89 $0.00 $849.70 $151,692.98
165 $151,692.98 $563.89 $0.00 $857.69 $153,114.56
166 $153,114.56 $563.89 $0.00 $865.73 $154,544.18
167 $154,544.18 $563.89 $0.00 $873.82 $155,981.89
168 $155,981.89 $563.89 $0.00 $881.94 $157,427.72
169 $157,427.72 $563.89 $0.00 $890.12 $158,881.73
170 $158,881.73 $563.89 $0.00 $898.34 $160,343.96
171 $160,343.96 $563.89 $0.00 $906.61 $161,814.46
172 $161,814.46 $563.89 $0.00 $914.92 $163,293.27
173 $163,293.27 $563.89 $0.00 $923.28 $164,780.44
174 $164,780.44 $563.89 $0.00 $931.69 $166,276.02
175 $166,276.02 $563.89 $0.00 $940.15 $167,780.06
176 $167,780.06 $563.89 $0.00 $948.65 $169,292.60
177 $169,292.60 $563.89 $0.00 $957.20 $170,813.69
178 $170,813.69 $563.89 $0.00 $965.81 $172,343.39
179 $172,343.39 $563.89 $0.00 $974.45 $173,881.73
180 $173,881.73 $563.89 $0.00 $983.15 $175,428.77
181 $175,428.77 $563.89 $0.00 $991.90 $176,984.56
182 $176,984.56 $563.89 $0.00 $1,000.70 $178,549.15
183 $178,549.15 $563.89 $0.00 $1,009.54 $180,122.58
184 $180,122.58 $563.89 $0.00 $1,018.44 $181,704.91
185 $181,704.91 $563.89 $0.00 $1,027.39 $183,296.19
186 $183,296.19 $563.89 $0.00 $1,036.38 $184,896.46
187 $184,896.46 $563.89 $0.00 $1,045.43 $186,505.78
188 $186,505.78 $563.89 $0.00 $1,054.53 $188,124.20
189 $188,124.20 $563.89 $0.00 $1,063.68 $189,751.77
190 $189,751.77 $563.89 $0.00 $1,072.88 $191,388.54
191 $191,388.54 $563.89 $0.00 $1,082.14 $193,034.57
192 $193,034.57 $563.89 $0.00 $1,091.45 $194,689.91
193 $194,689.91 $563.89 $0.00 $1,100.81 $196,354.61
194 $196,354.61 $563.89 $0.00 $1,110.22 $198,028.72
195 $198,028.72 $563.89 $0.00 $1,119.68 $199,712.29
196 $199,712.29 $563.89 $0.00 $1,129.20 $201,405.38
197 $201,405.38 $563.89 $0.00 $1,138.78 $203,108.05
198 $203,108.05 $563.89 $0.00 $1,148.40 $204,820.34
199 $204,820.34 $563.89 $0.00 $1,158.08 $206,542.31
200 $206,542.31 $563.89 $0.00 $1,167.82 $208,274.02
201 $208,274.02 $563.89 $0.00 $1,177.61 $210,015.52
202 $210,015.52 $563.89 $0.00 $1,187.46 $211,766.87
203 $211,766.87 $563.89 $0.00 $1,197.36 $213,528.12
204 $213,528.12 $563.89 $0.00 $1,207.32 $215,299.33
205 $215,299.33 $563.89 $0.00 $1,217.33 $217,080.55
206 $217,080.55 $563.89 $0.00 $1,227.40 $218,871.84
207 $218,871.84 $563.89 $0.00 $1,237.53 $220,673.26
208 $220,673.26 $563.89 $0.00 $1,247.72 $222,484.87
209 $222,484.87 $563.89 $0.00 $1,257.96 $224,306.72
210 $224,306.72 $563.89 $0.00 $1,268.26 $226,138.87
211 $226,138.87 $563.89 $0.00 $1,278.62 $227,981.38
212 $227,981.38 $563.89 $0.00 $1,289.04 $229,834.31
213 $229,834.31 $563.89 $0.00 $1,299.52 $231,697.72
214 $231,697.72 $563.89 $0.00 $1,310.05 $233,571.66
215 $233,571.66 $563.89 $0.00 $1,320.65 $235,456.20
216 $235,456.20 $563.89 $0.00 $1,331.30 $237,351.39
217 $237,351.39 $563.89 $64,279.55 $1,342.02 $174,977.75
218 $174,977.75 $563.89 $0.00 $989.35 $176,530.99
219 $176,530.99 $563.89 $0.00 $998.13 $178,093.01
220 $178,093.01 $563.89 $0.00 $1,006.96 $179,663.86
221 $179,663.86 $563.89 $0.00 $1,015.85 $181,243.60
222 $181,243.60 $563.89 $0.00 $1,024.78 $182,832.27
223 $182,832.27 $563.89 $0.00 $1,033.76 $184,429.92
224 $184,429.92 $563.89 $0.00 $1,042.79 $186,036.60
225 $186,036.60 $563.89 $0.00 $1,051.88 $187,652.37
226 $187,652.37 $563.89 $0.00 $1,061.01 $189,277.27
227 $189,277.27 $563.89 $0.00 $1,070.20 $190,911.36
228 $190,911.36 $563.89 $0.00 $1,079.44 $192,554.69
229 $192,554.69 $563.89 $68,779.12 $1,088.73 $125,428.19
230 $125,428.19 $563.89 $0.00 $709.19 $126,701.27
231 $126,701.27 $563.89 $0.00 $716.39 $127,981.55
232 $127,981.55 $563.89 $0.00 $723.63 $129,269.07
233 $129,269.07 $563.89 $0.00 $730.91 $130,563.87
234 $130,563.87 $563.89 $0.00 $738.23 $131,865.99
235 $131,865.99 $563.89 $0.00 $745.59 $133,175.47
236 $133,175.47 $563.89 $0.00 $752.99 $134,492.35
237 $134,492.35 $563.89 $0.00 $760.44 $135,816.68
238 $135,816.68 $563.89 $0.00 $767.93 $137,148.50
239 $137,148.50 $563.89 $0.00 $775.46 $138,487.85
240 $138,487.85 $563.89 $0.00 $783.03 $139,834.77
241 $139,834.77 $563.89 $73,593.66 $790.65 $67,595.65
242 $67,595.65 $563.89 $0.00 $382.20 $68,541.74
243 $68,541.74 $563.89 $0.00 $387.54 $69,493.17
244 $69,493.17 $563.89 $0.00 $392.92 $70,449.98
245 $70,449.98 $563.89 $0.00 $398.33 $71,412.20
246 $71,412.20 $563.89 $0.00 $403.77 $72,379.86
247 $72,379.86 $563.89 $0.00 $409.25 $73,353.00
248 $73,353.00 $563.89 $0.00 $414.75 $74,331.64
249 $74,331.64 $563.89 $0.00 $420.28 $75,315.81
250 $75,315.81 $563.89 $0.00 $425.85 $76,305.55
251 $76,305.55 $563.89 $0.00 $431.44 $77,300.88
252 $77,300.88 $563.89 $0.00 $437.07 $78,301.84
253 $78,301.84 $0.00 $78,745.22 $442.73 -$0.65