Savings Plan and Future Cost Estimation for Jefferson State Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$96,047
Monthly savings required$427

How much will it cost to send your child to Jefferson State Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $192,094.80 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $426.72 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$27,456.00
Years until enrollment18
Annual Tuition Increase7%
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 $426.72 $0.00 $0.00 $426.72
2 $426.72 $426.72 $0.00 $2.41 $855.85
3 $855.85 $426.72 $0.00 $4.84 $1,287.41
4 $1,287.41 $426.72 $0.00 $7.28 $1,721.41
5 $1,721.41 $426.72 $0.00 $9.73 $2,157.86
6 $2,157.86 $426.72 $0.00 $12.20 $2,596.78
7 $2,596.78 $426.72 $0.00 $14.68 $3,038.18
8 $3,038.18 $426.72 $0.00 $17.18 $3,482.08
9 $3,482.08 $426.72 $0.00 $19.69 $3,928.49
10 $3,928.49 $426.72 $0.00 $22.21 $4,377.42
11 $4,377.42 $426.72 $0.00 $24.75 $4,828.89
12 $4,828.89 $426.72 $0.00 $27.30 $5,282.91
13 $5,282.91 $426.72 $0.00 $29.87 $5,739.50
14 $5,739.50 $426.72 $0.00 $32.45 $6,198.67
15 $6,198.67 $426.72 $0.00 $35.05 $6,660.44
16 $6,660.44 $426.72 $0.00 $37.66 $7,124.82
17 $7,124.82 $426.72 $0.00 $40.28 $7,591.82
18 $7,591.82 $426.72 $0.00 $42.93 $8,061.47
19 $8,061.47 $426.72 $0.00 $45.58 $8,533.77
20 $8,533.77 $426.72 $0.00 $48.25 $9,008.74
21 $9,008.74 $426.72 $0.00 $50.94 $9,486.40
22 $9,486.40 $426.72 $0.00 $53.64 $9,966.76
23 $9,966.76 $426.72 $0.00 $56.35 $10,449.83
24 $10,449.83 $426.72 $0.00 $59.08 $10,935.63
25 $10,935.63 $426.72 $0.00 $61.83 $11,424.18
26 $11,424.18 $426.72 $0.00 $64.59 $11,915.49
27 $11,915.49 $426.72 $0.00 $67.37 $12,409.58
28 $12,409.58 $426.72 $0.00 $70.17 $12,906.47
29 $12,906.47 $426.72 $0.00 $72.98 $13,406.17
30 $13,406.17 $426.72 $0.00 $75.80 $13,908.69
31 $13,908.69 $426.72 $0.00 $78.64 $14,414.05
32 $14,414.05 $426.72 $0.00 $81.50 $14,922.27
33 $14,922.27 $426.72 $0.00 $84.37 $15,433.36
34 $15,433.36 $426.72 $0.00 $87.26 $15,947.34
35 $15,947.34 $426.72 $0.00 $90.17 $16,464.23
36 $16,464.23 $426.72 $0.00 $93.09 $16,984.04
37 $16,984.04 $426.72 $0.00 $96.03 $17,506.79
38 $17,506.79 $426.72 $0.00 $98.99 $18,032.50
39 $18,032.50 $426.72 $0.00 $101.96 $18,561.18
40 $18,561.18 $426.72 $0.00 $104.95 $19,092.85
41 $19,092.85 $426.72 $0.00 $107.95 $19,627.52
42 $19,627.52 $426.72 $0.00 $110.98 $20,165.22
43 $20,165.22 $426.72 $0.00 $114.02 $20,705.96
44 $20,705.96 $426.72 $0.00 $117.07 $21,249.75
45 $21,249.75 $426.72 $0.00 $120.15 $21,796.62
46 $21,796.62 $426.72 $0.00 $123.24 $22,346.58
47 $22,346.58 $426.72 $0.00 $126.35 $22,899.65
48 $22,899.65 $426.72 $0.00 $129.48 $23,455.85
49 $23,455.85 $426.72 $0.00 $132.62 $24,015.19
50 $24,015.19 $426.72 $0.00 $135.79 $24,577.70
51 $24,577.70 $426.72 $0.00 $138.97 $25,143.39
52 $25,143.39 $426.72 $0.00 $142.16 $25,712.27
53 $25,712.27 $426.72 $0.00 $145.38 $26,284.37
54 $26,284.37 $426.72 $0.00 $148.62 $26,859.71
55 $26,859.71 $426.72 $0.00 $151.87 $27,438.30
56 $27,438.30 $426.72 $0.00 $155.14 $28,020.16
57 $28,020.16 $426.72 $0.00 $158.43 $28,605.31
58 $28,605.31 $426.72 $0.00 $161.74 $29,193.77
59 $29,193.77 $426.72 $0.00 $165.07 $29,785.56
60 $29,785.56 $426.72 $0.00 $168.41 $30,380.69
61 $30,380.69 $426.72 $0.00 $171.78 $30,979.19
62 $30,979.19 $426.72 $0.00 $175.16 $31,581.07
63 $31,581.07 $426.72 $0.00 $178.56 $32,186.35
64 $32,186.35 $426.72 $0.00 $181.99 $32,795.06
65 $32,795.06 $426.72 $0.00 $185.43 $33,407.21
66 $33,407.21 $426.72 $0.00 $188.89 $34,022.82
67 $34,022.82 $426.72 $0.00 $192.37 $34,641.91
68 $34,641.91 $426.72 $0.00 $195.87 $35,264.50
69 $35,264.50 $426.72 $0.00 $199.39 $35,890.61
70 $35,890.61 $426.72 $0.00 $202.93 $36,520.26
71 $36,520.26 $426.72 $0.00 $206.49 $37,153.47
72 $37,153.47 $426.72 $0.00 $210.07 $37,790.26
73 $37,790.26 $426.72 $0.00 $213.67 $38,430.65
74 $38,430.65 $426.72 $0.00 $217.29 $39,074.66
75 $39,074.66 $426.72 $0.00 $220.93 $39,722.31
76 $39,722.31 $426.72 $0.00 $224.60 $40,373.63
77 $40,373.63 $426.72 $0.00 $228.28 $41,028.63
78 $41,028.63 $426.72 $0.00 $231.98 $41,687.33
79 $41,687.33 $426.72 $0.00 $235.71 $42,349.76
80 $42,349.76 $426.72 $0.00 $239.45 $43,015.93
81 $43,015.93 $426.72 $0.00 $243.22 $43,685.87
82 $43,685.87 $426.72 $0.00 $247.01 $44,359.60
83 $44,359.60 $426.72 $0.00 $250.82 $45,037.14
84 $45,037.14 $426.72 $0.00 $254.65 $45,718.51
85 $45,718.51 $426.72 $0.00 $258.50 $46,403.73
86 $46,403.73 $426.72 $0.00 $262.37 $47,092.82
87 $47,092.82 $426.72 $0.00 $266.27 $47,785.81
88 $47,785.81 $426.72 $0.00 $270.19 $48,482.72
89 $48,482.72 $426.72 $0.00 $274.13 $49,183.57
90 $49,183.57 $426.72 $0.00 $278.09 $49,888.38
91 $49,888.38 $426.72 $0.00 $282.08 $50,597.18
92 $50,597.18 $426.72 $0.00 $286.08 $51,309.98
93 $51,309.98 $426.72 $0.00 $290.11 $52,026.81
94 $52,026.81 $426.72 $0.00 $294.17 $52,747.70
95 $52,747.70 $426.72 $0.00 $298.24 $53,472.66
96 $53,472.66 $426.72 $0.00 $302.34 $54,201.72
97 $54,201.72 $426.72 $0.00 $306.46 $54,934.90
98 $54,934.90 $426.72 $0.00 $310.61 $55,672.23
99 $55,672.23 $426.72 $0.00 $314.78 $56,413.73
100 $56,413.73 $426.72 $0.00 $318.97 $57,159.42
101 $57,159.42 $426.72 $0.00 $323.19 $57,909.33
102 $57,909.33 $426.72 $0.00 $327.43 $58,663.48
103 $58,663.48 $426.72 $0.00 $331.69 $59,421.89
104 $59,421.89 $426.72 $0.00 $335.98 $60,184.59
105 $60,184.59 $426.72 $0.00 $340.29 $60,951.60
106 $60,951.60 $426.72 $0.00 $344.63 $61,722.95
107 $61,722.95 $426.72 $0.00 $348.99 $62,498.66
108 $62,498.66 $426.72 $0.00 $353.38 $63,278.76
109 $63,278.76 $426.72 $0.00 $357.79 $64,063.27
110 $64,063.27 $426.72 $0.00 $362.22 $64,852.21
111 $64,852.21 $426.72 $0.00 $366.68 $65,645.61
112 $65,645.61 $426.72 $0.00 $371.17 $66,443.50
113 $66,443.50 $426.72 $0.00 $375.68 $67,245.90
114 $67,245.90 $426.72 $0.00 $380.22 $68,052.84
115 $68,052.84 $426.72 $0.00 $384.78 $68,864.34
116 $68,864.34 $426.72 $0.00 $389.37 $69,680.43
117 $69,680.43 $426.72 $0.00 $393.98 $70,501.13
118 $70,501.13 $426.72 $0.00 $398.62 $71,326.47
119 $71,326.47 $426.72 $0.00 $403.29 $72,156.48
120 $72,156.48 $426.72 $0.00 $407.98 $72,991.18
121 $72,991.18 $426.72 $0.00 $412.70 $73,830.60
122 $73,830.60 $426.72 $0.00 $417.45 $74,674.77
123 $74,674.77 $426.72 $0.00 $422.22 $75,523.71
124 $75,523.71 $426.72 $0.00 $427.02 $76,377.45
125 $76,377.45 $426.72 $0.00 $431.85 $77,236.02
126 $77,236.02 $426.72 $0.00 $436.70 $78,099.44
127 $78,099.44 $426.72 $0.00 $441.59 $78,967.75
128 $78,967.75 $426.72 $0.00 $446.50 $79,840.97
129 $79,840.97 $426.72 $0.00 $451.43 $80,719.12
130 $80,719.12 $426.72 $0.00 $456.40 $81,602.24
131 $81,602.24 $426.72 $0.00 $461.39 $82,490.35
132 $82,490.35 $426.72 $0.00 $466.41 $83,383.48
133 $83,383.48 $426.72 $0.00 $471.46 $84,281.66
134 $84,281.66 $426.72 $0.00 $476.54 $85,184.92
135 $85,184.92 $426.72 $0.00 $481.65 $86,093.29
136 $86,093.29 $426.72 $0.00 $486.78 $87,006.79
137 $87,006.79 $426.72 $0.00 $491.95 $87,925.46
138 $87,925.46 $426.72 $0.00 $497.14 $88,849.32
139 $88,849.32 $426.72 $0.00 $502.37 $89,778.41
140 $89,778.41 $426.72 $0.00 $507.62 $90,712.75
141 $90,712.75 $426.72 $0.00 $512.90 $91,652.37
142 $91,652.37 $426.72 $0.00 $518.22 $92,597.31
143 $92,597.31 $426.72 $0.00 $523.56 $93,547.59
144 $93,547.59 $426.72 $0.00 $528.93 $94,503.24
145 $94,503.24 $426.72 $0.00 $534.34 $95,464.30
146 $95,464.30 $426.72 $0.00 $539.77 $96,430.79
147 $96,430.79 $426.72 $0.00 $545.23 $97,402.74
148 $97,402.74 $426.72 $0.00 $550.73 $98,380.19
149 $98,380.19 $426.72 $0.00 $556.26 $99,363.17
150 $99,363.17 $426.72 $0.00 $561.81 $100,351.70
151 $100,351.70 $426.72 $0.00 $567.40 $101,345.82
152 $101,345.82 $426.72 $0.00 $573.02 $102,345.56
153 $102,345.56 $426.72 $0.00 $578.68 $103,350.96
154 $103,350.96 $426.72 $0.00 $584.36 $104,362.04
155 $104,362.04 $426.72 $0.00 $590.08 $105,378.84
156 $105,378.84 $426.72 $0.00 $595.83 $106,401.39
157 $106,401.39 $426.72 $0.00 $601.61 $107,429.72
158 $107,429.72 $426.72 $0.00 $607.42 $108,463.86
159 $108,463.86 $426.72 $0.00 $613.27 $109,503.85
160 $109,503.85 $426.72 $0.00 $619.15 $110,549.72
161 $110,549.72 $426.72 $0.00 $625.06 $111,601.50
162 $111,601.50 $426.72 $0.00 $631.01 $112,659.23
163 $112,659.23 $426.72 $0.00 $636.99 $113,722.94
164 $113,722.94 $426.72 $0.00 $643.01 $114,792.67
165 $114,792.67 $426.72 $0.00 $649.05 $115,868.44
166 $115,868.44 $426.72 $0.00 $655.14 $116,950.30
167 $116,950.30 $426.72 $0.00 $661.25 $118,038.27
168 $118,038.27 $426.72 $0.00 $667.41 $119,132.40
169 $119,132.40 $426.72 $0.00 $673.59 $120,232.71
170 $120,232.71 $426.72 $0.00 $679.81 $121,339.24
171 $121,339.24 $426.72 $0.00 $686.07 $122,452.03
172 $122,452.03 $426.72 $0.00 $692.36 $123,571.11
173 $123,571.11 $426.72 $0.00 $698.69 $124,696.52
174 $124,696.52 $426.72 $0.00 $705.05 $125,828.29
175 $125,828.29 $426.72 $0.00 $711.45 $126,966.46
176 $126,966.46 $426.72 $0.00 $717.89 $128,111.07
177 $128,111.07 $426.72 $0.00 $724.36 $129,262.15
178 $129,262.15 $426.72 $0.00 $730.87 $130,419.74
179 $130,419.74 $426.72 $0.00 $737.41 $131,583.87
180 $131,583.87 $426.72 $0.00 $743.99 $132,754.58
181 $132,754.58 $426.72 $0.00 $750.61 $133,931.91
182 $133,931.91 $426.72 $0.00 $757.27 $135,115.90
183 $135,115.90 $426.72 $0.00 $763.96 $136,306.58
184 $136,306.58 $426.72 $0.00 $770.70 $137,504.00
185 $137,504.00 $426.72 $0.00 $777.47 $138,708.19
186 $138,708.19 $426.72 $0.00 $784.28 $139,919.19
187 $139,919.19 $426.72 $0.00 $791.12 $141,137.03
188 $141,137.03 $426.72 $0.00 $798.01 $142,361.76
189 $142,361.76 $426.72 $0.00 $804.93 $143,593.41
190 $143,593.41 $426.72 $0.00 $811.90 $144,832.03
191 $144,832.03 $426.72 $0.00 $818.90 $146,077.65
192 $146,077.65 $426.72 $0.00 $825.94 $147,330.31
193 $147,330.31 $426.72 $0.00 $833.03 $148,590.06
194 $148,590.06 $426.72 $0.00 $840.15 $149,856.93
195 $149,856.93 $426.72 $0.00 $847.31 $151,130.96
196 $151,130.96 $426.72 $0.00 $854.52 $152,412.20
197 $152,412.20 $426.72 $0.00 $861.76 $153,700.68
198 $153,700.68 $426.72 $0.00 $869.05 $154,996.45
199 $154,996.45 $426.72 $0.00 $876.37 $156,299.54
200 $156,299.54 $426.72 $0.00 $883.74 $157,610.00
201 $157,610.00 $426.72 $0.00 $891.15 $158,927.87
202 $158,927.87 $426.72 $0.00 $898.60 $160,253.19
203 $160,253.19 $426.72 $0.00 $906.09 $161,586.00
204 $161,586.00 $426.72 $0.00 $913.63 $162,926.35
205 $162,926.35 $426.72 $0.00 $921.21 $164,274.28
206 $164,274.28 $426.72 $0.00 $928.83 $165,629.83
207 $165,629.83 $426.72 $0.00 $936.50 $166,993.05
208 $166,993.05 $426.72 $0.00 $944.20 $168,363.97
209 $168,363.97 $426.72 $0.00 $951.95 $169,742.64
210 $169,742.64 $426.72 $0.00 $959.75 $171,129.11
211 $171,129.11 $426.72 $0.00 $967.59 $172,523.42
212 $172,523.42 $426.72 $0.00 $975.47 $173,925.61
213 $173,925.61 $426.72 $0.00 $983.40 $175,335.73
214 $175,335.73 $426.72 $0.00 $991.37 $176,753.82
215 $176,753.82 $426.72 $0.00 $999.39 $178,179.93
216 $178,179.93 $426.72 $0.00 $1,007.46 $179,614.11
217 $179,614.11 $426.72 $92,799.42 $1,015.56 $88,256.97
218 $88,256.97 $426.72 $0.00 $499.02 $89,182.71
219 $89,182.71 $426.72 $0.00 $504.25 $90,113.68
220 $90,113.68 $426.72 $0.00 $509.52 $91,049.92
221 $91,049.92 $426.72 $0.00 $514.81 $91,991.45
222 $91,991.45 $426.72 $0.00 $520.13 $92,938.30
223 $92,938.30 $426.72 $0.00 $525.49 $93,890.51
224 $93,890.51 $426.72 $0.00 $530.87 $94,848.10
225 $94,848.10 $426.72 $0.00 $536.28 $95,811.10
226 $95,811.10 $426.72 $0.00 $541.73 $96,779.55
227 $96,779.55 $426.72 $0.00 $547.21 $97,753.48
228 $97,753.48 $426.72 $0.00 $552.71 $98,732.91
229 $98,732.91 $0.00 $99,295.38 $558.25 -$4.22