Savings Plan and Future Cost Estimation for St. Mary's University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$191,988
Monthly savings required$1,517

How much will it cost to send your child to St. Mary's University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $767,953.21 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,517.32 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$51,174.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,517.32 $0.00 $0.00 $1,517.32
2 $1,517.32 $1,517.32 $0.00 $8.58 $3,043.22
3 $3,043.22 $1,517.32 $0.00 $17.21 $4,577.75
4 $4,577.75 $1,517.32 $0.00 $25.88 $6,120.95
5 $6,120.95 $1,517.32 $0.00 $34.61 $7,672.88
6 $7,672.88 $1,517.32 $0.00 $43.38 $9,233.58
7 $9,233.58 $1,517.32 $0.00 $52.21 $10,803.11
8 $10,803.11 $1,517.32 $0.00 $61.08 $12,381.51
9 $12,381.51 $1,517.32 $0.00 $70.01 $13,968.84
10 $13,968.84 $1,517.32 $0.00 $78.98 $15,565.14
11 $15,565.14 $1,517.32 $0.00 $88.01 $17,170.47
12 $17,170.47 $1,517.32 $0.00 $97.08 $18,784.87
13 $18,784.87 $1,517.32 $0.00 $106.21 $20,408.40
14 $20,408.40 $1,517.32 $0.00 $115.39 $22,041.11
15 $22,041.11 $1,517.32 $0.00 $124.62 $23,683.05
16 $23,683.05 $1,517.32 $0.00 $133.91 $25,334.28
17 $25,334.28 $1,517.32 $0.00 $143.24 $26,994.84
18 $26,994.84 $1,517.32 $0.00 $152.63 $28,664.79
19 $28,664.79 $1,517.32 $0.00 $162.07 $30,344.18
20 $30,344.18 $1,517.32 $0.00 $171.57 $32,033.07
21 $32,033.07 $1,517.32 $0.00 $181.12 $33,731.51
22 $33,731.51 $1,517.32 $0.00 $190.72 $35,439.55
23 $35,439.55 $1,517.32 $0.00 $200.38 $37,157.25
24 $37,157.25 $1,517.32 $0.00 $210.09 $38,884.66
25 $38,884.66 $1,517.32 $0.00 $219.86 $40,621.84
26 $40,621.84 $1,517.32 $0.00 $229.68 $42,368.84
27 $42,368.84 $1,517.32 $0.00 $239.56 $44,125.72
28 $44,125.72 $1,517.32 $0.00 $249.49 $45,892.53
29 $45,892.53 $1,517.32 $0.00 $259.48 $47,669.33
30 $47,669.33 $1,517.32 $0.00 $269.53 $49,456.18
31 $49,456.18 $1,517.32 $0.00 $279.63 $51,253.13
32 $51,253.13 $1,517.32 $0.00 $289.79 $53,060.24
33 $53,060.24 $1,517.32 $0.00 $300.01 $54,877.57
34 $54,877.57 $1,517.32 $0.00 $310.29 $56,705.18
35 $56,705.18 $1,517.32 $0.00 $320.62 $58,543.12
36 $58,543.12 $1,517.32 $0.00 $331.01 $60,391.45
37 $60,391.45 $1,517.32 $0.00 $341.46 $62,250.23
38 $62,250.23 $1,517.32 $0.00 $351.97 $64,119.52
39 $64,119.52 $1,517.32 $0.00 $362.54 $65,999.38
40 $65,999.38 $1,517.32 $0.00 $373.17 $67,889.87
41 $67,889.87 $1,517.32 $0.00 $383.86 $69,791.05
42 $69,791.05 $1,517.32 $0.00 $394.61 $71,702.98
43 $71,702.98 $1,517.32 $0.00 $405.42 $73,625.72
44 $73,625.72 $1,517.32 $0.00 $416.29 $75,559.33
45 $75,559.33 $1,517.32 $0.00 $427.22 $77,503.87
46 $77,503.87 $1,517.32 $0.00 $438.22 $79,459.41
47 $79,459.41 $1,517.32 $0.00 $449.28 $81,426.01
48 $81,426.01 $1,517.32 $0.00 $460.39 $83,403.72
49 $83,403.72 $1,517.32 $0.00 $471.58 $85,392.62
50 $85,392.62 $1,517.32 $0.00 $482.82 $87,392.76
51 $87,392.76 $1,517.32 $0.00 $494.13 $89,404.21
52 $89,404.21 $1,517.32 $0.00 $505.50 $91,427.03
53 $91,427.03 $1,517.32 $0.00 $516.94 $93,461.29
54 $93,461.29 $1,517.32 $0.00 $528.44 $95,507.05
55 $95,507.05 $1,517.32 $0.00 $540.01 $97,564.38
56 $97,564.38 $1,517.32 $0.00 $551.64 $99,633.34
57 $99,633.34 $1,517.32 $0.00 $563.34 $101,714.00
58 $101,714.00 $1,517.32 $0.00 $575.11 $103,806.43
59 $103,806.43 $1,517.32 $0.00 $586.94 $105,910.69
60 $105,910.69 $1,517.32 $0.00 $598.83 $108,026.84
61 $108,026.84 $1,517.32 $0.00 $610.80 $110,154.96
62 $110,154.96 $1,517.32 $0.00 $622.83 $112,295.11
63 $112,295.11 $1,517.32 $0.00 $634.93 $114,447.36
64 $114,447.36 $1,517.32 $0.00 $647.10 $116,611.78
65 $116,611.78 $1,517.32 $0.00 $659.34 $118,788.44
66 $118,788.44 $1,517.32 $0.00 $671.65 $120,977.41
67 $120,977.41 $1,517.32 $0.00 $684.02 $123,178.75
68 $123,178.75 $1,517.32 $0.00 $696.47 $125,392.54
69 $125,392.54 $1,517.32 $0.00 $708.99 $127,618.85
70 $127,618.85 $1,517.32 $0.00 $721.58 $129,857.75
71 $129,857.75 $1,517.32 $0.00 $734.23 $132,109.30
72 $132,109.30 $1,517.32 $0.00 $746.97 $134,373.59
73 $134,373.59 $1,517.32 $0.00 $759.77 $136,650.68
74 $136,650.68 $1,517.32 $0.00 $772.64 $138,940.64
75 $138,940.64 $1,517.32 $0.00 $785.59 $141,243.55
76 $141,243.55 $1,517.32 $0.00 $798.61 $143,559.48
77 $143,559.48 $1,517.32 $0.00 $811.71 $145,888.51
78 $145,888.51 $1,517.32 $0.00 $824.87 $148,230.70
79 $148,230.70 $1,517.32 $0.00 $838.12 $150,586.14
80 $150,586.14 $1,517.32 $0.00 $851.44 $152,954.90
81 $152,954.90 $1,517.32 $0.00 $864.83 $155,337.05
82 $155,337.05 $1,517.32 $0.00 $878.30 $157,732.67
83 $157,732.67 $1,517.32 $0.00 $891.84 $160,141.83
84 $160,141.83 $1,517.32 $0.00 $905.47 $162,564.62
85 $162,564.62 $1,517.32 $0.00 $919.16 $165,001.10
86 $165,001.10 $1,517.32 $0.00 $932.94 $167,451.36
87 $167,451.36 $1,517.32 $0.00 $946.79 $169,915.47
88 $169,915.47 $1,517.32 $0.00 $960.73 $172,393.52
89 $172,393.52 $1,517.32 $0.00 $974.74 $174,885.58
90 $174,885.58 $1,517.32 $0.00 $988.83 $177,391.73
91 $177,391.73 $1,517.32 $0.00 $1,003.00 $179,912.05
92 $179,912.05 $1,517.32 $0.00 $1,017.25 $182,446.62
93 $182,446.62 $1,517.32 $0.00 $1,031.58 $184,995.52
94 $184,995.52 $1,517.32 $0.00 $1,045.99 $187,558.83
95 $187,558.83 $1,517.32 $0.00 $1,060.48 $190,136.63
96 $190,136.63 $1,517.32 $0.00 $1,075.06 $192,729.01
97 $192,729.01 $1,517.32 $0.00 $1,089.72 $195,336.05
98 $195,336.05 $1,517.32 $0.00 $1,104.46 $197,957.83
99 $197,957.83 $1,517.32 $0.00 $1,119.28 $200,594.43
100 $200,594.43 $1,517.32 $0.00 $1,134.19 $203,245.94
101 $203,245.94 $1,517.32 $0.00 $1,149.18 $205,912.44
102 $205,912.44 $1,517.32 $0.00 $1,164.26 $208,594.02
103 $208,594.02 $1,517.32 $0.00 $1,179.42 $211,290.76
104 $211,290.76 $1,517.32 $0.00 $1,194.67 $214,002.75
105 $214,002.75 $1,517.32 $0.00 $1,210.00 $216,730.07
106 $216,730.07 $1,517.32 $0.00 $1,225.42 $219,472.81
107 $219,472.81 $1,517.32 $0.00 $1,240.93 $222,231.06
108 $222,231.06 $1,517.32 $0.00 $1,256.53 $225,004.91
109 $225,004.91 $1,517.32 $0.00 $1,272.21 $227,794.44
110 $227,794.44 $1,517.32 $0.00 $1,287.98 $230,599.74
111 $230,599.74 $1,517.32 $0.00 $1,303.84 $233,420.90
112 $233,420.90 $1,517.32 $0.00 $1,319.80 $236,258.02
113 $236,258.02 $1,517.32 $0.00 $1,335.84 $239,111.18
114 $239,111.18 $1,517.32 $0.00 $1,351.97 $241,980.47
115 $241,980.47 $1,517.32 $0.00 $1,368.19 $244,865.98
116 $244,865.98 $1,517.32 $0.00 $1,384.51 $247,767.81
117 $247,767.81 $1,517.32 $0.00 $1,400.92 $250,686.05
118 $250,686.05 $1,517.32 $0.00 $1,417.42 $253,620.79
119 $253,620.79 $1,517.32 $0.00 $1,434.01 $256,572.12
120 $256,572.12 $1,517.32 $0.00 $1,450.70 $259,540.14
121 $259,540.14 $1,517.32 $0.00 $1,467.48 $262,524.94
122 $262,524.94 $1,517.32 $0.00 $1,484.35 $265,526.61
123 $265,526.61 $1,517.32 $0.00 $1,501.33 $268,545.26
124 $268,545.26 $1,517.32 $0.00 $1,518.39 $271,580.97
125 $271,580.97 $1,517.32 $0.00 $1,535.56 $274,633.85
126 $274,633.85 $1,517.32 $0.00 $1,552.82 $277,703.99
127 $277,703.99 $1,517.32 $0.00 $1,570.18 $280,791.49
128 $280,791.49 $1,517.32 $0.00 $1,587.64 $283,896.45
129 $283,896.45 $1,517.32 $0.00 $1,605.19 $287,018.96
130 $287,018.96 $1,517.32 $0.00 $1,622.85 $290,159.13
131 $290,159.13 $1,517.32 $0.00 $1,640.60 $293,317.05
132 $293,317.05 $1,517.32 $0.00 $1,658.46 $296,492.83
133 $296,492.83 $1,517.32 $0.00 $1,676.41 $299,686.56
134 $299,686.56 $1,517.32 $0.00 $1,694.47 $302,898.35
135 $302,898.35 $1,517.32 $0.00 $1,712.63 $306,128.30
136 $306,128.30 $1,517.32 $0.00 $1,730.89 $309,376.51
137 $309,376.51 $1,517.32 $0.00 $1,749.26 $312,643.09
138 $312,643.09 $1,517.32 $0.00 $1,767.73 $315,928.14
139 $315,928.14 $1,517.32 $0.00 $1,786.30 $319,231.76
140 $319,231.76 $1,517.32 $0.00 $1,804.98 $322,554.06
141 $322,554.06 $1,517.32 $0.00 $1,823.77 $325,895.15
142 $325,895.15 $1,517.32 $0.00 $1,842.66 $329,255.13
143 $329,255.13 $1,517.32 $0.00 $1,861.66 $332,634.11
144 $332,634.11 $1,517.32 $0.00 $1,880.76 $336,032.19
145 $336,032.19 $1,517.32 $0.00 $1,899.97 $339,449.48
146 $339,449.48 $1,517.32 $0.00 $1,919.30 $342,886.10
147 $342,886.10 $1,517.32 $0.00 $1,938.73 $346,342.15
148 $346,342.15 $1,517.32 $0.00 $1,958.27 $349,817.74
149 $349,817.74 $1,517.32 $0.00 $1,977.92 $353,312.98
150 $353,312.98 $1,517.32 $0.00 $1,997.68 $356,827.98
151 $356,827.98 $1,517.32 $0.00 $2,017.56 $360,362.86
152 $360,362.86 $1,517.32 $0.00 $2,037.54 $363,917.72
153 $363,917.72 $1,517.32 $0.00 $2,057.64 $367,492.68
154 $367,492.68 $1,517.32 $0.00 $2,077.86 $371,087.86
155 $371,087.86 $1,517.32 $0.00 $2,098.18 $374,703.36
156 $374,703.36 $1,517.32 $0.00 $2,118.63 $378,339.31
157 $378,339.31 $1,517.32 $0.00 $2,139.19 $381,995.82
158 $381,995.82 $1,517.32 $0.00 $2,159.86 $385,673.00
159 $385,673.00 $1,517.32 $0.00 $2,180.65 $389,370.97
160 $389,370.97 $1,517.32 $0.00 $2,201.56 $393,089.85
161 $393,089.85 $1,517.32 $0.00 $2,222.59 $396,829.76
162 $396,829.76 $1,517.32 $0.00 $2,243.73 $400,590.81
163 $400,590.81 $1,517.32 $0.00 $2,265.00 $404,373.13
164 $404,373.13 $1,517.32 $0.00 $2,286.38 $408,176.83
165 $408,176.83 $1,517.32 $0.00 $2,307.89 $412,002.04
166 $412,002.04 $1,517.32 $0.00 $2,329.52 $415,848.88
167 $415,848.88 $1,517.32 $0.00 $2,351.27 $419,717.47
168 $419,717.47 $1,517.32 $0.00 $2,373.14 $423,607.93
169 $423,607.93 $1,517.32 $0.00 $2,395.14 $427,520.39
170 $427,520.39 $1,517.32 $0.00 $2,417.26 $431,454.97
171 $431,454.97 $1,517.32 $0.00 $2,439.51 $435,411.80
172 $435,411.80 $1,517.32 $0.00 $2,461.88 $439,391.00
173 $439,391.00 $1,517.32 $0.00 $2,484.38 $443,392.70
174 $443,392.70 $1,517.32 $0.00 $2,507.01 $447,417.03
175 $447,417.03 $1,517.32 $0.00 $2,529.76 $451,464.11
176 $451,464.11 $1,517.32 $0.00 $2,552.64 $455,534.07
177 $455,534.07 $1,517.32 $0.00 $2,575.66 $459,627.05
178 $459,627.05 $1,517.32 $0.00 $2,598.80 $463,743.17
179 $463,743.17 $1,517.32 $0.00 $2,622.07 $467,882.56
180 $467,882.56 $1,517.32 $0.00 $2,645.48 $472,045.36
181 $472,045.36 $1,517.32 $0.00 $2,669.01 $476,231.69
182 $476,231.69 $1,517.32 $0.00 $2,692.68 $480,441.69
183 $480,441.69 $1,517.32 $0.00 $2,716.49 $484,675.50
184 $484,675.50 $1,517.32 $0.00 $2,740.43 $488,933.25
185 $488,933.25 $1,517.32 $0.00 $2,764.50 $493,215.07
186 $493,215.07 $1,517.32 $0.00 $2,788.71 $497,521.10
187 $497,521.10 $1,517.32 $0.00 $2,813.06 $501,851.48
188 $501,851.48 $1,517.32 $0.00 $2,837.54 $506,206.34
189 $506,206.34 $1,517.32 $0.00 $2,862.16 $510,585.82
190 $510,585.82 $1,517.32 $0.00 $2,886.93 $514,990.07
191 $514,990.07 $1,517.32 $0.00 $2,911.83 $519,419.22
192 $519,419.22 $1,517.32 $0.00 $2,936.87 $523,873.41
193 $523,873.41 $1,517.32 $0.00 $2,962.06 $528,352.79
194 $528,352.79 $1,517.32 $0.00 $2,987.38 $532,857.49
195 $532,857.49 $1,517.32 $0.00 $3,012.85 $537,387.66
196 $537,387.66 $1,517.32 $0.00 $3,038.47 $541,943.45
197 $541,943.45 $1,517.32 $0.00 $3,064.23 $546,525.00
198 $546,525.00 $1,517.32 $0.00 $3,090.13 $551,132.45
199 $551,132.45 $1,517.32 $0.00 $3,116.18 $555,765.95
200 $555,765.95 $1,517.32 $0.00 $3,142.38 $560,425.65
201 $560,425.65 $1,517.32 $0.00 $3,168.73 $565,111.70
202 $565,111.70 $1,517.32 $0.00 $3,195.22 $569,824.24
203 $569,824.24 $1,517.32 $0.00 $3,221.87 $574,563.43
204 $574,563.43 $1,517.32 $0.00 $3,248.67 $579,329.42
205 $579,329.42 $1,517.32 $0.00 $3,275.61 $584,122.35
206 $584,122.35 $1,517.32 $0.00 $3,302.71 $588,942.38
207 $588,942.38 $1,517.32 $0.00 $3,329.97 $593,789.67
208 $593,789.67 $1,517.32 $0.00 $3,357.37 $598,664.36
209 $598,664.36 $1,517.32 $0.00 $3,384.94 $603,566.62
210 $603,566.62 $1,517.32 $0.00 $3,412.65 $608,496.59
211 $608,496.59 $1,517.32 $0.00 $3,440.53 $613,454.44
212 $613,454.44 $1,517.32 $0.00 $3,468.56 $618,440.32
213 $618,440.32 $1,517.32 $0.00 $3,496.75 $623,454.39
214 $623,454.39 $1,517.32 $0.00 $3,525.10 $628,496.81
215 $628,496.81 $1,517.32 $0.00 $3,553.61 $633,567.74
216 $633,567.74 $1,517.32 $0.00 $3,582.28 $638,667.34
217 $638,667.34 $1,517.32 $172,964.65 $3,611.12 $470,831.13
218 $470,831.13 $1,517.32 $0.00 $2,662.15 $475,010.60
219 $475,010.60 $1,517.32 $0.00 $2,685.78 $479,213.70
220 $479,213.70 $1,517.32 $0.00 $2,709.54 $483,440.56
221 $483,440.56 $1,517.32 $0.00 $2,733.44 $487,691.32
222 $487,691.32 $1,517.32 $0.00 $2,757.48 $491,966.12
223 $491,966.12 $1,517.32 $0.00 $2,781.65 $496,265.09
224 $496,265.09 $1,517.32 $0.00 $2,805.95 $500,588.36
225 $500,588.36 $1,517.32 $0.00 $2,830.40 $504,936.08
226 $504,936.08 $1,517.32 $0.00 $2,854.98 $509,308.38
227 $509,308.38 $1,517.32 $0.00 $2,879.70 $513,705.40
228 $513,705.40 $1,517.32 $0.00 $2,904.57 $518,127.29
229 $518,127.29 $1,517.32 $185,072.18 $2,929.57 $337,502.00
230 $337,502.00 $1,517.32 $0.00 $1,908.29 $340,927.61
231 $340,927.61 $1,517.32 $0.00 $1,927.65 $344,372.58
232 $344,372.58 $1,517.32 $0.00 $1,947.13 $347,837.03
233 $347,837.03 $1,517.32 $0.00 $1,966.72 $351,321.07
234 $351,321.07 $1,517.32 $0.00 $1,986.42 $354,824.81
235 $354,824.81 $1,517.32 $0.00 $2,006.23 $358,348.36
236 $358,348.36 $1,517.32 $0.00 $2,026.15 $361,891.83
237 $361,891.83 $1,517.32 $0.00 $2,046.19 $365,455.34
238 $365,455.34 $1,517.32 $0.00 $2,066.34 $369,039.00
239 $369,039.00 $1,517.32 $0.00 $2,086.60 $372,642.92
240 $372,642.92 $1,517.32 $0.00 $2,106.98 $376,267.22
241 $376,267.22 $1,517.32 $198,027.23 $2,127.47 $181,884.78
242 $181,884.78 $1,517.32 $0.00 $1,028.40 $184,430.50
243 $184,430.50 $1,517.32 $0.00 $1,042.80 $186,990.62
244 $186,990.62 $1,517.32 $0.00 $1,057.27 $189,565.21
245 $189,565.21 $1,517.32 $0.00 $1,071.83 $192,154.36
246 $192,154.36 $1,517.32 $0.00 $1,086.47 $194,758.15
247 $194,758.15 $1,517.32 $0.00 $1,101.19 $197,376.66
248 $197,376.66 $1,517.32 $0.00 $1,116.00 $200,009.98
249 $200,009.98 $1,517.32 $0.00 $1,130.89 $202,658.19
250 $202,658.19 $1,517.32 $0.00 $1,145.86 $205,321.37
251 $205,321.37 $1,517.32 $0.00 $1,160.92 $207,999.61
252 $207,999.61 $1,517.32 $0.00 $1,176.06 $210,692.99
253 $210,692.99 $0.00 $211,889.14 $1,191.29 -$4.86