Savings Plan and Future Cost Estimation for West Texas A & M University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$93,848
Monthly savings required$742

How much will it cost to send your child to West Texas A & M University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $375,392.77 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $741.71 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$25,015.00
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 $741.71 $0.00 $0.00 $741.71
2 $741.71 $741.71 $0.00 $4.19 $1,487.61
3 $1,487.61 $741.71 $0.00 $8.41 $2,237.73
4 $2,237.73 $741.71 $0.00 $12.65 $2,992.09
5 $2,992.09 $741.71 $0.00 $16.92 $3,750.72
6 $3,750.72 $741.71 $0.00 $21.21 $4,513.64
7 $4,513.64 $741.71 $0.00 $25.52 $5,280.87
8 $5,280.87 $741.71 $0.00 $29.86 $6,052.44
9 $6,052.44 $741.71 $0.00 $34.22 $6,828.37
10 $6,828.37 $741.71 $0.00 $38.61 $7,608.69
11 $7,608.69 $741.71 $0.00 $43.02 $8,393.42
12 $8,393.42 $741.71 $0.00 $47.46 $9,182.59
13 $9,182.59 $741.71 $0.00 $51.92 $9,976.22
14 $9,976.22 $741.71 $0.00 $56.41 $10,774.34
15 $10,774.34 $741.71 $0.00 $60.92 $11,576.97
16 $11,576.97 $741.71 $0.00 $65.46 $12,384.14
17 $12,384.14 $741.71 $0.00 $70.02 $13,195.87
18 $13,195.87 $741.71 $0.00 $74.61 $14,012.19
19 $14,012.19 $741.71 $0.00 $79.23 $14,833.13
20 $14,833.13 $741.71 $0.00 $83.87 $15,658.71
21 $15,658.71 $741.71 $0.00 $88.54 $16,488.96
22 $16,488.96 $741.71 $0.00 $93.23 $17,323.90
23 $17,323.90 $741.71 $0.00 $97.95 $18,163.56
24 $18,163.56 $741.71 $0.00 $102.70 $19,007.97
25 $19,007.97 $741.71 $0.00 $107.47 $19,857.15
26 $19,857.15 $741.71 $0.00 $112.28 $20,711.14
27 $20,711.14 $741.71 $0.00 $117.10 $21,569.95
28 $21,569.95 $741.71 $0.00 $121.96 $22,433.62
29 $22,433.62 $741.71 $0.00 $126.84 $23,302.17
30 $23,302.17 $741.71 $0.00 $131.75 $24,175.63
31 $24,175.63 $741.71 $0.00 $136.69 $25,054.03
32 $25,054.03 $741.71 $0.00 $141.66 $25,937.40
33 $25,937.40 $741.71 $0.00 $146.65 $26,825.76
34 $26,825.76 $741.71 $0.00 $151.68 $27,719.15
35 $27,719.15 $741.71 $0.00 $156.73 $28,617.59
36 $28,617.59 $741.71 $0.00 $161.81 $29,521.11
37 $29,521.11 $741.71 $0.00 $166.92 $30,429.74
38 $30,429.74 $741.71 $0.00 $172.05 $31,343.50
39 $31,343.50 $741.71 $0.00 $177.22 $32,262.43
40 $32,262.43 $741.71 $0.00 $182.42 $33,186.56
41 $33,186.56 $741.71 $0.00 $187.64 $34,115.91
42 $34,115.91 $741.71 $0.00 $192.90 $35,050.52
43 $35,050.52 $741.71 $0.00 $198.18 $35,990.41
44 $35,990.41 $741.71 $0.00 $203.50 $36,935.62
45 $36,935.62 $741.71 $0.00 $208.84 $37,886.17
46 $37,886.17 $741.71 $0.00 $214.21 $38,842.09
47 $38,842.09 $741.71 $0.00 $219.62 $39,803.42
48 $39,803.42 $741.71 $0.00 $225.05 $40,770.18
49 $40,770.18 $741.71 $0.00 $230.52 $41,742.41
50 $41,742.41 $741.71 $0.00 $236.02 $42,720.14
51 $42,720.14 $741.71 $0.00 $241.55 $43,703.40
52 $43,703.40 $741.71 $0.00 $247.11 $44,692.22
53 $44,692.22 $741.71 $0.00 $252.70 $45,686.63
54 $45,686.63 $741.71 $0.00 $258.32 $46,686.66
55 $46,686.66 $741.71 $0.00 $263.97 $47,692.34
56 $47,692.34 $741.71 $0.00 $269.66 $48,703.71
57 $48,703.71 $741.71 $0.00 $275.38 $49,720.80
58 $49,720.80 $741.71 $0.00 $281.13 $50,743.64
59 $50,743.64 $741.71 $0.00 $286.91 $51,772.26
60 $51,772.26 $741.71 $0.00 $292.73 $52,806.70
61 $52,806.70 $741.71 $0.00 $298.58 $53,846.99
62 $53,846.99 $741.71 $0.00 $304.46 $54,893.16
63 $54,893.16 $741.71 $0.00 $310.37 $55,945.24
64 $55,945.24 $741.71 $0.00 $316.32 $57,003.27
65 $57,003.27 $741.71 $0.00 $322.30 $58,067.28
66 $58,067.28 $741.71 $0.00 $328.32 $59,137.31
67 $59,137.31 $741.71 $0.00 $334.37 $60,213.39
68 $60,213.39 $741.71 $0.00 $340.46 $61,295.56
69 $61,295.56 $741.71 $0.00 $346.57 $62,383.84
70 $62,383.84 $741.71 $0.00 $352.73 $63,478.28
71 $63,478.28 $741.71 $0.00 $358.92 $64,578.91
72 $64,578.91 $741.71 $0.00 $365.14 $65,685.76
73 $65,685.76 $741.71 $0.00 $371.40 $66,798.87
74 $66,798.87 $741.71 $0.00 $377.69 $67,918.27
75 $67,918.27 $741.71 $0.00 $384.02 $69,044.00
76 $69,044.00 $741.71 $0.00 $390.38 $70,176.09
77 $70,176.09 $741.71 $0.00 $396.79 $71,314.59
78 $71,314.59 $741.71 $0.00 $403.22 $72,459.52
79 $72,459.52 $741.71 $0.00 $409.70 $73,610.93
80 $73,610.93 $741.71 $0.00 $416.21 $74,768.85
81 $74,768.85 $741.71 $0.00 $422.75 $75,933.31
82 $75,933.31 $741.71 $0.00 $429.34 $77,104.36
83 $77,104.36 $741.71 $0.00 $435.96 $78,282.03
84 $78,282.03 $741.71 $0.00 $442.62 $79,466.36
85 $79,466.36 $741.71 $0.00 $449.31 $80,657.38
86 $80,657.38 $741.71 $0.00 $456.05 $81,855.14
87 $81,855.14 $741.71 $0.00 $462.82 $83,059.67
88 $83,059.67 $741.71 $0.00 $469.63 $84,271.01
89 $84,271.01 $741.71 $0.00 $476.48 $85,489.20
90 $85,489.20 $741.71 $0.00 $483.37 $86,714.28
91 $86,714.28 $741.71 $0.00 $490.30 $87,946.29
92 $87,946.29 $741.71 $0.00 $497.26 $89,185.26
93 $89,185.26 $741.71 $0.00 $504.27 $90,431.24
94 $90,431.24 $741.71 $0.00 $511.31 $91,684.26
95 $91,684.26 $741.71 $0.00 $518.40 $92,944.37
96 $92,944.37 $741.71 $0.00 $525.52 $94,211.60
97 $94,211.60 $741.71 $0.00 $532.69 $95,486.00
98 $95,486.00 $741.71 $0.00 $539.89 $96,767.60
99 $96,767.60 $741.71 $0.00 $547.14 $98,056.45
100 $98,056.45 $741.71 $0.00 $554.43 $99,352.59
101 $99,352.59 $741.71 $0.00 $561.75 $100,656.05
102 $100,656.05 $741.71 $0.00 $569.12 $101,966.88
103 $101,966.88 $741.71 $0.00 $576.54 $103,285.13
104 $103,285.13 $741.71 $0.00 $583.99 $104,610.83
105 $104,610.83 $741.71 $0.00 $591.48 $105,944.02
106 $105,944.02 $741.71 $0.00 $599.02 $107,284.75
107 $107,284.75 $741.71 $0.00 $606.60 $108,633.06
108 $108,633.06 $741.71 $0.00 $614.23 $109,989.00
109 $109,989.00 $741.71 $0.00 $621.89 $111,352.60
110 $111,352.60 $741.71 $0.00 $629.60 $112,723.91
111 $112,723.91 $741.71 $0.00 $637.36 $114,102.98
112 $114,102.98 $741.71 $0.00 $645.15 $115,489.84
113 $115,489.84 $741.71 $0.00 $653.00 $116,884.55
114 $116,884.55 $741.71 $0.00 $660.88 $118,287.14
115 $118,287.14 $741.71 $0.00 $668.81 $119,697.66
116 $119,697.66 $741.71 $0.00 $676.79 $121,116.16
117 $121,116.16 $741.71 $0.00 $684.81 $122,542.68
118 $122,542.68 $741.71 $0.00 $692.87 $123,977.26
119 $123,977.26 $741.71 $0.00 $700.99 $125,419.96
120 $125,419.96 $741.71 $0.00 $709.14 $126,870.81
121 $126,870.81 $741.71 $0.00 $717.35 $128,329.87
122 $128,329.87 $741.71 $0.00 $725.60 $129,797.18
123 $129,797.18 $741.71 $0.00 $733.89 $131,272.78
124 $131,272.78 $741.71 $0.00 $742.24 $132,756.73
125 $132,756.73 $741.71 $0.00 $750.63 $134,249.07
126 $134,249.07 $741.71 $0.00 $759.06 $135,749.84
127 $135,749.84 $741.71 $0.00 $767.55 $137,259.10
128 $137,259.10 $741.71 $0.00 $776.08 $138,776.89
129 $138,776.89 $741.71 $0.00 $784.66 $140,303.26
130 $140,303.26 $741.71 $0.00 $793.30 $141,838.27
131 $141,838.27 $741.71 $0.00 $801.97 $143,381.95
132 $143,381.95 $741.71 $0.00 $810.70 $144,934.36
133 $144,934.36 $741.71 $0.00 $819.48 $146,495.55
134 $146,495.55 $741.71 $0.00 $828.31 $148,065.57
135 $148,065.57 $741.71 $0.00 $837.18 $149,644.46
136 $149,644.46 $741.71 $0.00 $846.11 $151,232.28
137 $151,232.28 $741.71 $0.00 $855.09 $152,829.08
138 $152,829.08 $741.71 $0.00 $864.12 $154,434.91
139 $154,434.91 $741.71 $0.00 $873.20 $156,049.82
140 $156,049.82 $741.71 $0.00 $882.33 $157,673.86
141 $157,673.86 $741.71 $0.00 $891.51 $159,307.08
142 $159,307.08 $741.71 $0.00 $900.75 $160,949.54
143 $160,949.54 $741.71 $0.00 $910.03 $162,601.28
144 $162,601.28 $741.71 $0.00 $919.37 $164,262.36
145 $164,262.36 $741.71 $0.00 $928.76 $165,932.83
146 $165,932.83 $741.71 $0.00 $938.21 $167,612.75
147 $167,612.75 $741.71 $0.00 $947.71 $169,302.17
148 $169,302.17 $741.71 $0.00 $957.26 $171,001.14
149 $171,001.14 $741.71 $0.00 $966.87 $172,709.72
150 $172,709.72 $741.71 $0.00 $976.53 $174,427.96
151 $174,427.96 $741.71 $0.00 $986.24 $176,155.91
152 $176,155.91 $741.71 $0.00 $996.01 $177,893.63
153 $177,893.63 $741.71 $0.00 $1,005.84 $179,641.18
154 $179,641.18 $741.71 $0.00 $1,015.72 $181,398.61
155 $181,398.61 $741.71 $0.00 $1,025.65 $183,165.97
156 $183,165.97 $741.71 $0.00 $1,035.65 $184,943.33
157 $184,943.33 $741.71 $0.00 $1,045.70 $186,730.74
158 $186,730.74 $741.71 $0.00 $1,055.80 $188,528.25
159 $188,528.25 $741.71 $0.00 $1,065.97 $190,335.93
160 $190,335.93 $741.71 $0.00 $1,076.19 $192,153.83
161 $192,153.83 $741.71 $0.00 $1,086.47 $193,982.01
162 $193,982.01 $741.71 $0.00 $1,096.80 $195,820.52
163 $195,820.52 $741.71 $0.00 $1,107.20 $197,669.43
164 $197,669.43 $741.71 $0.00 $1,117.65 $199,528.79
165 $199,528.79 $741.71 $0.00 $1,128.16 $201,398.66
166 $201,398.66 $741.71 $0.00 $1,138.74 $203,279.11
167 $203,279.11 $741.71 $0.00 $1,149.37 $205,170.19
168 $205,170.19 $741.71 $0.00 $1,160.06 $207,071.96
169 $207,071.96 $741.71 $0.00 $1,170.81 $208,984.48
170 $208,984.48 $741.71 $0.00 $1,181.63 $210,907.82
171 $210,907.82 $741.71 $0.00 $1,192.50 $212,842.03
172 $212,842.03 $741.71 $0.00 $1,203.44 $214,787.18
173 $214,787.18 $741.71 $0.00 $1,214.44 $216,743.33
174 $216,743.33 $741.71 $0.00 $1,225.50 $218,710.54
175 $218,710.54 $741.71 $0.00 $1,236.62 $220,688.87
176 $220,688.87 $741.71 $0.00 $1,247.81 $222,678.39
177 $222,678.39 $741.71 $0.00 $1,259.06 $224,679.16
178 $224,679.16 $741.71 $0.00 $1,270.37 $226,691.24
179 $226,691.24 $741.71 $0.00 $1,281.75 $228,714.70
180 $228,714.70 $741.71 $0.00 $1,293.19 $230,749.60
181 $230,749.60 $741.71 $0.00 $1,304.69 $232,796.00
182 $232,796.00 $741.71 $0.00 $1,316.26 $234,853.97
183 $234,853.97 $741.71 $0.00 $1,327.90 $236,923.58
184 $236,923.58 $741.71 $0.00 $1,339.60 $239,004.89
185 $239,004.89 $741.71 $0.00 $1,351.37 $241,097.97
186 $241,097.97 $741.71 $0.00 $1,363.20 $243,202.88
187 $243,202.88 $741.71 $0.00 $1,375.10 $245,319.69
188 $245,319.69 $741.71 $0.00 $1,387.07 $247,448.47
189 $247,448.47 $741.71 $0.00 $1,399.11 $249,589.29
190 $249,589.29 $741.71 $0.00 $1,411.21 $251,742.21
191 $251,742.21 $741.71 $0.00 $1,423.39 $253,907.31
192 $253,907.31 $741.71 $0.00 $1,435.63 $256,084.65
193 $256,084.65 $741.71 $0.00 $1,447.94 $258,274.30
194 $258,274.30 $741.71 $0.00 $1,460.32 $260,476.33
195 $260,476.33 $741.71 $0.00 $1,472.77 $262,690.81
196 $262,690.81 $741.71 $0.00 $1,485.29 $264,917.81
197 $264,917.81 $741.71 $0.00 $1,497.88 $267,157.40
198 $267,157.40 $741.71 $0.00 $1,510.55 $269,409.66
199 $269,409.66 $741.71 $0.00 $1,523.28 $271,674.65
200 $271,674.65 $741.71 $0.00 $1,536.09 $273,952.45
201 $273,952.45 $741.71 $0.00 $1,548.97 $276,243.13
202 $276,243.13 $741.71 $0.00 $1,561.92 $278,546.76
203 $278,546.76 $741.71 $0.00 $1,574.94 $280,863.41
204 $280,863.41 $741.71 $0.00 $1,588.04 $283,193.16
205 $283,193.16 $741.71 $0.00 $1,601.22 $285,536.09
206 $285,536.09 $741.71 $0.00 $1,614.46 $287,892.26
207 $287,892.26 $741.71 $0.00 $1,627.78 $290,261.75
208 $290,261.75 $741.71 $0.00 $1,641.18 $292,644.64
209 $292,644.64 $741.71 $0.00 $1,654.66 $295,041.01
210 $295,041.01 $741.71 $0.00 $1,668.20 $297,450.92
211 $297,450.92 $741.71 $0.00 $1,681.83 $299,874.46
212 $299,874.46 $741.71 $0.00 $1,695.53 $302,311.70
213 $302,311.70 $741.71 $0.00 $1,709.31 $304,762.72
214 $304,762.72 $741.71 $0.00 $1,723.17 $307,227.60
215 $307,227.60 $741.71 $0.00 $1,737.11 $309,706.42
216 $309,706.42 $741.71 $0.00 $1,751.13 $312,199.26
217 $312,199.26 $741.71 $84,549.01 $1,765.22 $230,157.18
218 $230,157.18 $741.71 $0.00 $1,301.34 $232,200.23
219 $232,200.23 $741.71 $0.00 $1,312.89 $234,254.83
220 $234,254.83 $741.71 $0.00 $1,324.51 $236,321.05
221 $236,321.05 $741.71 $0.00 $1,336.19 $238,398.95
222 $238,398.95 $741.71 $0.00 $1,347.94 $240,488.60
223 $240,488.60 $741.71 $0.00 $1,359.76 $242,590.07
224 $242,590.07 $741.71 $0.00 $1,371.64 $244,703.42
225 $244,703.42 $741.71 $0.00 $1,383.59 $246,828.72
226 $246,828.72 $741.71 $0.00 $1,395.61 $248,966.04
227 $248,966.04 $741.71 $0.00 $1,407.69 $251,115.44
228 $251,115.44 $741.71 $0.00 $1,419.84 $253,276.99
229 $253,276.99 $741.71 $90,467.44 $1,432.06 $164,983.32
230 $164,983.32 $741.71 $0.00 $932.84 $166,657.87
231 $166,657.87 $741.71 $0.00 $942.31 $168,341.89
232 $168,341.89 $741.71 $0.00 $951.83 $170,035.43
233 $170,035.43 $741.71 $0.00 $961.41 $171,738.55
234 $171,738.55 $741.71 $0.00 $971.03 $173,451.29
235 $173,451.29 $741.71 $0.00 $980.72 $175,173.72
236 $175,173.72 $741.71 $0.00 $990.46 $176,905.89
237 $176,905.89 $741.71 $0.00 $1,000.25 $178,647.85
238 $178,647.85 $741.71 $0.00 $1,010.10 $180,399.66
239 $180,399.66 $741.71 $0.00 $1,020.01 $182,161.38
240 $182,161.38 $741.71 $0.00 $1,029.97 $183,933.06
241 $183,933.06 $741.71 $96,800.16 $1,039.98 $88,914.59
242 $88,914.59 $741.71 $0.00 $502.74 $90,159.04
243 $90,159.04 $741.71 $0.00 $509.77 $91,410.52
244 $91,410.52 $741.71 $0.00 $516.85 $92,669.08
245 $92,669.08 $741.71 $0.00 $523.96 $93,934.75
246 $93,934.75 $741.71 $0.00 $531.12 $95,207.58
247 $95,207.58 $741.71 $0.00 $538.32 $96,487.61
248 $96,487.61 $741.71 $0.00 $545.55 $97,774.87
249 $97,774.87 $741.71 $0.00 $552.83 $99,069.41
250 $99,069.41 $741.71 $0.00 $560.15 $100,371.27
251 $100,371.27 $741.71 $0.00 $567.51 $101,680.49
252 $101,680.49 $741.71 $0.00 $574.92 $102,997.12
253 $102,997.12 $0.00 $103,576.17 $582.36 $3.31