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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$33,277
Monthly savings required$148

How much will it cost to send your child to Central Alabama Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $66,553.85 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $147.90 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$13,490.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $147.90 $0.00 $0.00 $147.90
2 $147.90 $147.90 $0.00 $0.84 $296.64
3 $296.64 $147.90 $0.00 $1.68 $446.22
4 $446.22 $147.90 $0.00 $2.52 $596.64
5 $596.64 $147.90 $0.00 $3.37 $747.91
6 $747.91 $147.90 $0.00 $4.23 $900.04
7 $900.04 $147.90 $0.00 $5.09 $1,053.03
8 $1,053.03 $147.90 $0.00 $5.95 $1,206.88
9 $1,206.88 $147.90 $0.00 $6.82 $1,361.60
10 $1,361.60 $147.90 $0.00 $7.70 $1,517.20
11 $1,517.20 $147.90 $0.00 $8.58 $1,673.68
12 $1,673.68 $147.90 $0.00 $9.46 $1,831.04
13 $1,831.04 $147.90 $0.00 $10.35 $1,989.29
14 $1,989.29 $147.90 $0.00 $11.25 $2,148.44
15 $2,148.44 $147.90 $0.00 $12.15 $2,308.49
16 $2,308.49 $147.90 $0.00 $13.05 $2,469.44
17 $2,469.44 $147.90 $0.00 $13.96 $2,631.30
18 $2,631.30 $147.90 $0.00 $14.88 $2,794.08
19 $2,794.08 $147.90 $0.00 $15.80 $2,957.78
20 $2,957.78 $147.90 $0.00 $16.72 $3,122.40
21 $3,122.40 $147.90 $0.00 $17.65 $3,287.95
22 $3,287.95 $147.90 $0.00 $18.59 $3,454.44
23 $3,454.44 $147.90 $0.00 $19.53 $3,621.87
24 $3,621.87 $147.90 $0.00 $20.48 $3,790.25
25 $3,790.25 $147.90 $0.00 $21.43 $3,959.58
26 $3,959.58 $147.90 $0.00 $22.39 $4,129.87
27 $4,129.87 $147.90 $0.00 $23.35 $4,301.12
28 $4,301.12 $147.90 $0.00 $24.32 $4,473.34
29 $4,473.34 $147.90 $0.00 $25.29 $4,646.53
30 $4,646.53 $147.90 $0.00 $26.27 $4,820.70
31 $4,820.70 $147.90 $0.00 $27.26 $4,995.86
32 $4,995.86 $147.90 $0.00 $28.25 $5,172.01
33 $5,172.01 $147.90 $0.00 $29.24 $5,349.15
34 $5,349.15 $147.90 $0.00 $30.24 $5,527.29
35 $5,527.29 $147.90 $0.00 $31.25 $5,706.44
36 $5,706.44 $147.90 $0.00 $32.27 $5,886.61
37 $5,886.61 $147.90 $0.00 $33.28 $6,067.79
38 $6,067.79 $147.90 $0.00 $34.31 $6,250.00
39 $6,250.00 $147.90 $0.00 $35.34 $6,433.24
40 $6,433.24 $147.90 $0.00 $36.37 $6,617.51
41 $6,617.51 $147.90 $0.00 $37.42 $6,802.83
42 $6,802.83 $147.90 $0.00 $38.46 $6,989.19
43 $6,989.19 $147.90 $0.00 $39.52 $7,176.61
44 $7,176.61 $147.90 $0.00 $40.58 $7,365.09
45 $7,365.09 $147.90 $0.00 $41.64 $7,554.63
46 $7,554.63 $147.90 $0.00 $42.71 $7,745.24
47 $7,745.24 $147.90 $0.00 $43.79 $7,936.93
48 $7,936.93 $147.90 $0.00 $44.88 $8,129.71
49 $8,129.71 $147.90 $0.00 $45.97 $8,323.58
50 $8,323.58 $147.90 $0.00 $47.06 $8,518.54
51 $8,518.54 $147.90 $0.00 $48.17 $8,714.61
52 $8,714.61 $147.90 $0.00 $49.27 $8,911.78
53 $8,911.78 $147.90 $0.00 $50.39 $9,110.07
54 $9,110.07 $147.90 $0.00 $51.51 $9,309.48
55 $9,309.48 $147.90 $0.00 $52.64 $9,510.02
56 $9,510.02 $147.90 $0.00 $53.77 $9,711.69
57 $9,711.69 $147.90 $0.00 $54.91 $9,914.50
58 $9,914.50 $147.90 $0.00 $56.06 $10,118.46
59 $10,118.46 $147.90 $0.00 $57.21 $10,323.57
60 $10,323.57 $147.90 $0.00 $58.37 $10,529.84
61 $10,529.84 $147.90 $0.00 $59.54 $10,737.28
62 $10,737.28 $147.90 $0.00 $60.71 $10,945.89
63 $10,945.89 $147.90 $0.00 $61.89 $11,155.68
64 $11,155.68 $147.90 $0.00 $63.08 $11,366.66
65 $11,366.66 $147.90 $0.00 $64.27 $11,578.83
66 $11,578.83 $147.90 $0.00 $65.47 $11,792.20
67 $11,792.20 $147.90 $0.00 $66.67 $12,006.77
68 $12,006.77 $147.90 $0.00 $67.89 $12,222.56
69 $12,222.56 $147.90 $0.00 $69.11 $12,439.57
70 $12,439.57 $147.90 $0.00 $70.34 $12,657.81
71 $12,657.81 $147.90 $0.00 $71.57 $12,877.28
72 $12,877.28 $147.90 $0.00 $72.81 $13,097.99
73 $13,097.99 $147.90 $0.00 $74.06 $13,319.95
74 $13,319.95 $147.90 $0.00 $75.31 $13,543.16
75 $13,543.16 $147.90 $0.00 $76.57 $13,767.63
76 $13,767.63 $147.90 $0.00 $77.84 $13,993.37
77 $13,993.37 $147.90 $0.00 $79.12 $14,220.39
78 $14,220.39 $147.90 $0.00 $80.40 $14,448.69
79 $14,448.69 $147.90 $0.00 $81.69 $14,678.28
80 $14,678.28 $147.90 $0.00 $82.99 $14,909.17
81 $14,909.17 $147.90 $0.00 $84.30 $15,141.37
82 $15,141.37 $147.90 $0.00 $85.61 $15,374.88
83 $15,374.88 $147.90 $0.00 $86.93 $15,609.71
84 $15,609.71 $147.90 $0.00 $88.26 $15,845.87
85 $15,845.87 $147.90 $0.00 $89.59 $16,083.36
86 $16,083.36 $147.90 $0.00 $90.94 $16,322.20
87 $16,322.20 $147.90 $0.00 $92.29 $16,562.39
88 $16,562.39 $147.90 $0.00 $93.65 $16,803.94
89 $16,803.94 $147.90 $0.00 $95.01 $17,046.85
90 $17,046.85 $147.90 $0.00 $96.39 $17,291.14
91 $17,291.14 $147.90 $0.00 $97.77 $17,536.81
92 $17,536.81 $147.90 $0.00 $99.16 $17,783.87
93 $17,783.87 $147.90 $0.00 $100.55 $18,032.32
94 $18,032.32 $147.90 $0.00 $101.96 $18,282.18
95 $18,282.18 $147.90 $0.00 $103.37 $18,533.45
96 $18,533.45 $147.90 $0.00 $104.79 $18,786.14
97 $18,786.14 $147.90 $0.00 $106.22 $19,040.26
98 $19,040.26 $147.90 $0.00 $107.66 $19,295.82
99 $19,295.82 $147.90 $0.00 $109.10 $19,552.82
100 $19,552.82 $147.90 $0.00 $110.55 $19,811.27
101 $19,811.27 $147.90 $0.00 $112.02 $20,071.19
102 $20,071.19 $147.90 $0.00 $113.49 $20,332.58
103 $20,332.58 $147.90 $0.00 $114.96 $20,595.44
104 $20,595.44 $147.90 $0.00 $116.45 $20,859.79
105 $20,859.79 $147.90 $0.00 $117.94 $21,125.63
106 $21,125.63 $147.90 $0.00 $119.45 $21,392.98
107 $21,392.98 $147.90 $0.00 $120.96 $21,661.84
108 $21,661.84 $147.90 $0.00 $122.48 $21,932.22
109 $21,932.22 $147.90 $0.00 $124.01 $22,204.13
110 $22,204.13 $147.90 $0.00 $125.55 $22,477.58
111 $22,477.58 $147.90 $0.00 $127.09 $22,752.57
112 $22,752.57 $147.90 $0.00 $128.65 $23,029.12
113 $23,029.12 $147.90 $0.00 $130.21 $23,307.23
114 $23,307.23 $147.90 $0.00 $131.78 $23,586.91
115 $23,586.91 $147.90 $0.00 $133.36 $23,868.17
116 $23,868.17 $147.90 $0.00 $134.95 $24,151.02
117 $24,151.02 $147.90 $0.00 $136.55 $24,435.47
118 $24,435.47 $147.90 $0.00 $138.16 $24,721.53
119 $24,721.53 $147.90 $0.00 $139.78 $25,009.21
120 $25,009.21 $147.90 $0.00 $141.41 $25,298.52
121 $25,298.52 $147.90 $0.00 $143.04 $25,589.46
122 $25,589.46 $147.90 $0.00 $144.69 $25,882.05
123 $25,882.05 $147.90 $0.00 $146.34 $26,176.29
124 $26,176.29 $147.90 $0.00 $148.00 $26,472.19
125 $26,472.19 $147.90 $0.00 $149.68 $26,769.77
126 $26,769.77 $147.90 $0.00 $151.36 $27,069.03
127 $27,069.03 $147.90 $0.00 $153.05 $27,369.98
128 $27,369.98 $147.90 $0.00 $154.75 $27,672.63
129 $27,672.63 $147.90 $0.00 $156.47 $27,977.00
130 $27,977.00 $147.90 $0.00 $158.19 $28,283.09
131 $28,283.09 $147.90 $0.00 $159.92 $28,590.91
132 $28,590.91 $147.90 $0.00 $161.66 $28,900.47
133 $28,900.47 $147.90 $0.00 $163.41 $29,211.78
134 $29,211.78 $147.90 $0.00 $165.17 $29,524.85
135 $29,524.85 $147.90 $0.00 $166.94 $29,839.69
136 $29,839.69 $147.90 $0.00 $168.72 $30,156.31
137 $30,156.31 $147.90 $0.00 $170.51 $30,474.72
138 $30,474.72 $147.90 $0.00 $172.31 $30,794.93
139 $30,794.93 $147.90 $0.00 $174.12 $31,116.95
140 $31,116.95 $147.90 $0.00 $175.94 $31,440.79
141 $31,440.79 $147.90 $0.00 $177.77 $31,766.46
142 $31,766.46 $147.90 $0.00 $179.61 $32,093.97
143 $32,093.97 $147.90 $0.00 $181.46 $32,423.33
144 $32,423.33 $147.90 $0.00 $183.33 $32,754.56
145 $32,754.56 $147.90 $0.00 $185.20 $33,087.66
146 $33,087.66 $147.90 $0.00 $187.08 $33,422.64
147 $33,422.64 $147.90 $0.00 $188.98 $33,759.52
148 $33,759.52 $147.90 $0.00 $190.88 $34,098.30
149 $34,098.30 $147.90 $0.00 $192.80 $34,439.00
150 $34,439.00 $147.90 $0.00 $194.72 $34,781.62
151 $34,781.62 $147.90 $0.00 $196.66 $35,126.18
152 $35,126.18 $147.90 $0.00 $198.61 $35,472.69
153 $35,472.69 $147.90 $0.00 $200.57 $35,821.16
154 $35,821.16 $147.90 $0.00 $202.54 $36,171.60
155 $36,171.60 $147.90 $0.00 $204.52 $36,524.02
156 $36,524.02 $147.90 $0.00 $206.51 $36,878.43
157 $36,878.43 $147.90 $0.00 $208.52 $37,234.85
158 $37,234.85 $147.90 $0.00 $210.53 $37,593.28
159 $37,593.28 $147.90 $0.00 $212.56 $37,953.74
160 $37,953.74 $147.90 $0.00 $214.60 $38,316.24
161 $38,316.24 $147.90 $0.00 $216.65 $38,680.79
162 $38,680.79 $147.90 $0.00 $218.71 $39,047.40
163 $39,047.40 $147.90 $0.00 $220.78 $39,416.08
164 $39,416.08 $147.90 $0.00 $222.86 $39,786.84
165 $39,786.84 $147.90 $0.00 $224.96 $40,159.70
166 $40,159.70 $147.90 $0.00 $227.07 $40,534.67
167 $40,534.67 $147.90 $0.00 $229.19 $40,911.76
168 $40,911.76 $147.90 $0.00 $231.32 $41,290.98
169 $41,290.98 $147.90 $0.00 $233.47 $41,672.35
170 $41,672.35 $147.90 $0.00 $235.62 $42,055.87
171 $42,055.87 $147.90 $0.00 $237.79 $42,441.56
172 $42,441.56 $147.90 $0.00 $239.97 $42,829.43
173 $42,829.43 $147.90 $0.00 $242.16 $43,219.49
174 $43,219.49 $147.90 $0.00 $244.37 $43,611.76
175 $43,611.76 $147.90 $0.00 $246.59 $44,006.25
176 $44,006.25 $147.90 $0.00 $248.82 $44,402.97
177 $44,402.97 $147.90 $0.00 $251.06 $44,801.93
178 $44,801.93 $147.90 $0.00 $253.32 $45,203.15
179 $45,203.15 $147.90 $0.00 $255.59 $45,606.64
180 $45,606.64 $147.90 $0.00 $257.87 $46,012.41
181 $46,012.41 $147.90 $0.00 $260.16 $46,420.47
182 $46,420.47 $147.90 $0.00 $262.47 $46,830.84
183 $46,830.84 $147.90 $0.00 $264.79 $47,243.53
184 $47,243.53 $147.90 $0.00 $267.12 $47,658.55
185 $47,658.55 $147.90 $0.00 $269.47 $48,075.92
186 $48,075.92 $147.90 $0.00 $271.83 $48,495.65
187 $48,495.65 $147.90 $0.00 $274.20 $48,917.75
188 $48,917.75 $147.90 $0.00 $276.59 $49,342.24
189 $49,342.24 $147.90 $0.00 $278.99 $49,769.13
190 $49,769.13 $147.90 $0.00 $281.40 $50,198.43
191 $50,198.43 $147.90 $0.00 $283.83 $50,630.16
192 $50,630.16 $147.90 $0.00 $286.27 $51,064.33
193 $51,064.33 $147.90 $0.00 $288.73 $51,500.96
194 $51,500.96 $147.90 $0.00 $291.19 $51,940.05
195 $51,940.05 $147.90 $0.00 $293.68 $52,381.63
196 $52,381.63 $147.90 $0.00 $296.17 $52,825.70
197 $52,825.70 $147.90 $0.00 $298.68 $53,272.28
198 $53,272.28 $147.90 $0.00 $301.21 $53,721.39
199 $53,721.39 $147.90 $0.00 $303.75 $54,173.04
200 $54,173.04 $147.90 $0.00 $306.30 $54,627.24
201 $54,627.24 $147.90 $0.00 $308.87 $55,084.01
202 $55,084.01 $147.90 $0.00 $311.45 $55,543.36
203 $55,543.36 $147.90 $0.00 $314.05 $56,005.31
204 $56,005.31 $147.90 $0.00 $316.66 $56,469.87
205 $56,469.87 $147.90 $0.00 $319.29 $56,937.06
206 $56,937.06 $147.90 $0.00 $321.93 $57,406.89
207 $57,406.89 $147.90 $0.00 $324.59 $57,879.38
208 $57,879.38 $147.90 $0.00 $327.26 $58,354.54
209 $58,354.54 $147.90 $0.00 $329.95 $58,832.39
210 $58,832.39 $147.90 $0.00 $332.65 $59,312.94
211 $59,312.94 $147.90 $0.00 $335.36 $59,796.20
212 $59,796.20 $147.90 $0.00 $338.10 $60,282.20
213 $60,282.20 $147.90 $0.00 $340.84 $60,770.94
214 $60,770.94 $147.90 $0.00 $343.61 $61,262.45
215 $61,262.45 $147.90 $0.00 $346.39 $61,756.74
216 $61,756.74 $147.90 $0.00 $349.18 $62,253.82
217 $62,253.82 $147.90 $32,465.29 $351.99 $30,288.42
218 $30,288.42 $147.90 $0.00 $171.26 $30,607.58
219 $30,607.58 $147.90 $0.00 $173.06 $30,928.54
220 $30,928.54 $147.90 $0.00 $174.87 $31,251.31
221 $31,251.31 $147.90 $0.00 $176.70 $31,575.91
222 $31,575.91 $147.90 $0.00 $178.53 $31,902.34
223 $31,902.34 $147.90 $0.00 $180.38 $32,230.62
224 $32,230.62 $147.90 $0.00 $182.24 $32,560.76
225 $32,560.76 $147.90 $0.00 $184.10 $32,892.76
226 $32,892.76 $147.90 $0.00 $185.98 $33,226.64
227 $33,226.64 $147.90 $0.00 $187.87 $33,562.41
228 $33,562.41 $147.90 $0.00 $189.77 $33,900.08
229 $33,900.08 $0.00 $34,088.56 $191.68 $3.20