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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$48,943
Monthly savings required$218

How much will it cost to send your child to College of San Mateo in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $97,886.95 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $217.51 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$19,841.00
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 $217.51 $0.00 $0.00 $217.51
2 $217.51 $217.51 $0.00 $1.23 $436.25
3 $436.25 $217.51 $0.00 $2.47 $656.23
4 $656.23 $217.51 $0.00 $3.71 $877.45
5 $877.45 $217.51 $0.00 $4.96 $1,099.92
6 $1,099.92 $217.51 $0.00 $6.22 $1,323.65
7 $1,323.65 $217.51 $0.00 $7.48 $1,548.64
8 $1,548.64 $217.51 $0.00 $8.76 $1,774.91
9 $1,774.91 $217.51 $0.00 $10.04 $2,002.46
10 $2,002.46 $217.51 $0.00 $11.32 $2,231.29
11 $2,231.29 $217.51 $0.00 $12.62 $2,461.42
12 $2,461.42 $217.51 $0.00 $13.92 $2,692.85
13 $2,692.85 $217.51 $0.00 $15.23 $2,925.59
14 $2,925.59 $217.51 $0.00 $16.54 $3,159.64
15 $3,159.64 $217.51 $0.00 $17.87 $3,395.02
16 $3,395.02 $217.51 $0.00 $19.20 $3,631.73
17 $3,631.73 $217.51 $0.00 $20.53 $3,869.77
18 $3,869.77 $217.51 $0.00 $21.88 $4,109.16
19 $4,109.16 $217.51 $0.00 $23.23 $4,349.90
20 $4,349.90 $217.51 $0.00 $24.59 $4,592.00
21 $4,592.00 $217.51 $0.00 $25.96 $4,835.47
22 $4,835.47 $217.51 $0.00 $27.34 $5,080.32
23 $5,080.32 $217.51 $0.00 $28.72 $5,326.55
24 $5,326.55 $217.51 $0.00 $30.12 $5,574.18
25 $5,574.18 $217.51 $0.00 $31.52 $5,823.21
26 $5,823.21 $217.51 $0.00 $32.93 $6,073.65
27 $6,073.65 $217.51 $0.00 $34.34 $6,325.50
28 $6,325.50 $217.51 $0.00 $35.77 $6,578.78
29 $6,578.78 $217.51 $0.00 $37.20 $6,833.49
30 $6,833.49 $217.51 $0.00 $38.64 $7,089.64
31 $7,089.64 $217.51 $0.00 $40.09 $7,347.24
32 $7,347.24 $217.51 $0.00 $41.54 $7,606.29
33 $7,606.29 $217.51 $0.00 $43.01 $7,866.81
34 $7,866.81 $217.51 $0.00 $44.48 $8,128.80
35 $8,128.80 $217.51 $0.00 $45.96 $8,392.27
36 $8,392.27 $217.51 $0.00 $47.45 $8,657.23
37 $8,657.23 $217.51 $0.00 $48.95 $8,923.69
38 $8,923.69 $217.51 $0.00 $50.46 $9,191.66
39 $9,191.66 $217.51 $0.00 $51.97 $9,461.14
40 $9,461.14 $217.51 $0.00 $53.49 $9,732.14
41 $9,732.14 $217.51 $0.00 $55.03 $10,004.68
42 $10,004.68 $217.51 $0.00 $56.57 $10,278.76
43 $10,278.76 $217.51 $0.00 $58.12 $10,554.39
44 $10,554.39 $217.51 $0.00 $59.68 $10,831.58
45 $10,831.58 $217.51 $0.00 $61.24 $11,110.33
46 $11,110.33 $217.51 $0.00 $62.82 $11,390.66
47 $11,390.66 $217.51 $0.00 $64.40 $11,672.57
48 $11,672.57 $217.51 $0.00 $66.00 $11,956.08
49 $11,956.08 $217.51 $0.00 $67.60 $12,241.19
50 $12,241.19 $217.51 $0.00 $69.21 $12,527.91
51 $12,527.91 $217.51 $0.00 $70.83 $12,816.25
52 $12,816.25 $217.51 $0.00 $72.46 $13,106.22
53 $13,106.22 $217.51 $0.00 $74.10 $13,397.83
54 $13,397.83 $217.51 $0.00 $75.75 $13,691.09
55 $13,691.09 $217.51 $0.00 $77.41 $13,986.01
56 $13,986.01 $217.51 $0.00 $79.08 $14,282.60
57 $14,282.60 $217.51 $0.00 $80.76 $14,580.87
58 $14,580.87 $217.51 $0.00 $82.44 $14,880.82
59 $14,880.82 $217.51 $0.00 $84.14 $15,182.47
60 $15,182.47 $217.51 $0.00 $85.84 $15,485.82
61 $15,485.82 $217.51 $0.00 $87.56 $15,790.89
62 $15,790.89 $217.51 $0.00 $89.28 $16,097.68
63 $16,097.68 $217.51 $0.00 $91.02 $16,406.21
64 $16,406.21 $217.51 $0.00 $92.76 $16,716.48
65 $16,716.48 $217.51 $0.00 $94.52 $17,028.51
66 $17,028.51 $217.51 $0.00 $96.28 $17,342.30
67 $17,342.30 $217.51 $0.00 $98.06 $17,657.87
68 $17,657.87 $217.51 $0.00 $99.84 $17,975.22
69 $17,975.22 $217.51 $0.00 $101.63 $18,294.36
70 $18,294.36 $217.51 $0.00 $103.44 $18,615.31
71 $18,615.31 $217.51 $0.00 $105.25 $18,938.07
72 $18,938.07 $217.51 $0.00 $107.08 $19,262.66
73 $19,262.66 $217.51 $0.00 $108.91 $19,589.08
74 $19,589.08 $217.51 $0.00 $110.76 $19,917.35
75 $19,917.35 $217.51 $0.00 $112.62 $20,247.48
76 $20,247.48 $217.51 $0.00 $114.48 $20,579.47
77 $20,579.47 $217.51 $0.00 $116.36 $20,913.34
78 $20,913.34 $217.51 $0.00 $118.25 $21,249.10
79 $21,249.10 $217.51 $0.00 $120.15 $21,586.76
80 $21,586.76 $217.51 $0.00 $122.05 $21,926.32
81 $21,926.32 $217.51 $0.00 $123.97 $22,267.80
82 $22,267.80 $217.51 $0.00 $125.91 $22,611.22
83 $22,611.22 $217.51 $0.00 $127.85 $22,956.58
84 $22,956.58 $217.51 $0.00 $129.80 $23,303.89
85 $23,303.89 $217.51 $0.00 $131.76 $23,653.16
86 $23,653.16 $217.51 $0.00 $133.74 $24,004.41
87 $24,004.41 $217.51 $0.00 $135.72 $24,357.64
88 $24,357.64 $217.51 $0.00 $137.72 $24,712.87
89 $24,712.87 $217.51 $0.00 $139.73 $25,070.11
90 $25,070.11 $217.51 $0.00 $141.75 $25,429.37
91 $25,429.37 $217.51 $0.00 $143.78 $25,790.66
92 $25,790.66 $217.51 $0.00 $145.82 $26,153.99
93 $26,153.99 $217.51 $0.00 $147.88 $26,519.38
94 $26,519.38 $217.51 $0.00 $149.94 $26,886.83
95 $26,886.83 $217.51 $0.00 $152.02 $27,256.36
96 $27,256.36 $217.51 $0.00 $154.11 $27,627.98
97 $27,627.98 $217.51 $0.00 $156.21 $28,001.70
98 $28,001.70 $217.51 $0.00 $158.33 $28,377.54
99 $28,377.54 $217.51 $0.00 $160.45 $28,755.50
100 $28,755.50 $217.51 $0.00 $162.59 $29,135.60
101 $29,135.60 $217.51 $0.00 $164.74 $29,517.85
102 $29,517.85 $217.51 $0.00 $166.90 $29,902.26
103 $29,902.26 $217.51 $0.00 $169.07 $30,288.84
104 $30,288.84 $217.51 $0.00 $171.26 $30,677.61
105 $30,677.61 $217.51 $0.00 $173.46 $31,068.58
106 $31,068.58 $217.51 $0.00 $175.67 $31,461.76
107 $31,461.76 $217.51 $0.00 $177.89 $31,857.16
108 $31,857.16 $217.51 $0.00 $180.13 $32,254.80
109 $32,254.80 $217.51 $0.00 $182.37 $32,654.68
110 $32,654.68 $217.51 $0.00 $184.63 $33,056.82
111 $33,056.82 $217.51 $0.00 $186.91 $33,461.24
112 $33,461.24 $217.51 $0.00 $189.19 $33,867.94
113 $33,867.94 $217.51 $0.00 $191.49 $34,276.94
114 $34,276.94 $217.51 $0.00 $193.81 $34,688.26
115 $34,688.26 $217.51 $0.00 $196.13 $35,101.90
116 $35,101.90 $217.51 $0.00 $198.47 $35,517.88
117 $35,517.88 $217.51 $0.00 $200.82 $35,936.21
118 $35,936.21 $217.51 $0.00 $203.19 $36,356.91
119 $36,356.91 $217.51 $0.00 $205.57 $36,779.99
120 $36,779.99 $217.51 $0.00 $207.96 $37,205.46
121 $37,205.46 $217.51 $0.00 $210.37 $37,633.34
122 $37,633.34 $217.51 $0.00 $212.78 $38,063.63
123 $38,063.63 $217.51 $0.00 $215.22 $38,496.36
124 $38,496.36 $217.51 $0.00 $217.66 $38,931.53
125 $38,931.53 $217.51 $0.00 $220.12 $39,369.16
126 $39,369.16 $217.51 $0.00 $222.60 $39,809.27
127 $39,809.27 $217.51 $0.00 $225.09 $40,251.87
128 $40,251.87 $217.51 $0.00 $227.59 $40,696.97
129 $40,696.97 $217.51 $0.00 $230.11 $41,144.59
130 $41,144.59 $217.51 $0.00 $232.64 $41,594.74
131 $41,594.74 $217.51 $0.00 $235.18 $42,047.43
132 $42,047.43 $217.51 $0.00 $237.74 $42,502.68
133 $42,502.68 $217.51 $0.00 $240.32 $42,960.51
134 $42,960.51 $217.51 $0.00 $242.90 $43,420.92
135 $43,420.92 $217.51 $0.00 $245.51 $43,883.94
136 $43,883.94 $217.51 $0.00 $248.13 $44,349.58
137 $44,349.58 $217.51 $0.00 $250.76 $44,817.85
138 $44,817.85 $217.51 $0.00 $253.41 $45,288.77
139 $45,288.77 $217.51 $0.00 $256.07 $45,762.35
140 $45,762.35 $217.51 $0.00 $258.75 $46,238.61
141 $46,238.61 $217.51 $0.00 $261.44 $46,717.56
142 $46,717.56 $217.51 $0.00 $264.15 $47,199.22
143 $47,199.22 $217.51 $0.00 $266.87 $47,683.60
144 $47,683.60 $217.51 $0.00 $269.61 $48,170.72
145 $48,170.72 $217.51 $0.00 $272.36 $48,660.59
146 $48,660.59 $217.51 $0.00 $275.13 $49,153.23
147 $49,153.23 $217.51 $0.00 $277.92 $49,648.66
148 $49,648.66 $217.51 $0.00 $280.72 $50,146.89
149 $50,146.89 $217.51 $0.00 $283.54 $50,647.94
150 $50,647.94 $217.51 $0.00 $286.37 $51,151.82
151 $51,151.82 $217.51 $0.00 $289.22 $51,658.55
152 $51,658.55 $217.51 $0.00 $292.08 $52,168.14
153 $52,168.14 $217.51 $0.00 $294.97 $52,680.62
154 $52,680.62 $217.51 $0.00 $297.86 $53,195.99
155 $53,195.99 $217.51 $0.00 $300.78 $53,714.28
156 $53,714.28 $217.51 $0.00 $303.71 $54,235.50
157 $54,235.50 $217.51 $0.00 $306.66 $54,759.67
158 $54,759.67 $217.51 $0.00 $309.62 $55,286.80
159 $55,286.80 $217.51 $0.00 $312.60 $55,816.91
160 $55,816.91 $217.51 $0.00 $315.60 $56,350.02
161 $56,350.02 $217.51 $0.00 $318.61 $56,886.14
162 $56,886.14 $217.51 $0.00 $321.64 $57,425.29
163 $57,425.29 $217.51 $0.00 $324.69 $57,967.49
164 $57,967.49 $217.51 $0.00 $327.76 $58,512.76
165 $58,512.76 $217.51 $0.00 $330.84 $59,061.11
166 $59,061.11 $217.51 $0.00 $333.94 $59,612.56
167 $59,612.56 $217.51 $0.00 $337.06 $60,167.13
168 $60,167.13 $217.51 $0.00 $340.19 $60,724.83
169 $60,724.83 $217.51 $0.00 $343.35 $61,285.69
170 $61,285.69 $217.51 $0.00 $346.52 $61,849.72
171 $61,849.72 $217.51 $0.00 $349.71 $62,416.94
172 $62,416.94 $217.51 $0.00 $352.91 $62,987.36
173 $62,987.36 $217.51 $0.00 $356.14 $63,561.01
174 $63,561.01 $217.51 $0.00 $359.38 $64,137.90
175 $64,137.90 $217.51 $0.00 $362.65 $64,718.06
176 $64,718.06 $217.51 $0.00 $365.93 $65,301.50
177 $65,301.50 $217.51 $0.00 $369.22 $65,888.23
178 $65,888.23 $217.51 $0.00 $372.54 $66,478.28
179 $66,478.28 $217.51 $0.00 $375.88 $67,071.67
180 $67,071.67 $217.51 $0.00 $379.23 $67,668.41
181 $67,668.41 $217.51 $0.00 $382.61 $68,268.53
182 $68,268.53 $217.51 $0.00 $386.00 $68,872.04
183 $68,872.04 $217.51 $0.00 $389.41 $69,478.96
184 $69,478.96 $217.51 $0.00 $392.84 $70,089.31
185 $70,089.31 $217.51 $0.00 $396.30 $70,703.12
186 $70,703.12 $217.51 $0.00 $399.77 $71,320.40
187 $71,320.40 $217.51 $0.00 $403.26 $71,941.17
188 $71,941.17 $217.51 $0.00 $406.77 $72,565.45
189 $72,565.45 $217.51 $0.00 $410.30 $73,193.26
190 $73,193.26 $217.51 $0.00 $413.85 $73,824.62
191 $73,824.62 $217.51 $0.00 $417.42 $74,459.55
192 $74,459.55 $217.51 $0.00 $421.01 $75,098.07
193 $75,098.07 $217.51 $0.00 $424.62 $75,740.20
194 $75,740.20 $217.51 $0.00 $428.25 $76,385.96
195 $76,385.96 $217.51 $0.00 $431.90 $77,035.37
196 $77,035.37 $217.51 $0.00 $435.57 $77,688.45
197 $77,688.45 $217.51 $0.00 $439.26 $78,345.22
198 $78,345.22 $217.51 $0.00 $442.98 $79,005.71
199 $79,005.71 $217.51 $0.00 $446.71 $79,669.93
200 $79,669.93 $217.51 $0.00 $450.47 $80,337.91
201 $80,337.91 $217.51 $0.00 $454.24 $81,009.66
202 $81,009.66 $217.51 $0.00 $458.04 $81,685.21
203 $81,685.21 $217.51 $0.00 $461.86 $82,364.58
204 $82,364.58 $217.51 $0.00 $465.70 $83,047.79
205 $83,047.79 $217.51 $0.00 $469.56 $83,734.86
206 $83,734.86 $217.51 $0.00 $473.45 $84,425.82
207 $84,425.82 $217.51 $0.00 $477.36 $85,120.69
208 $85,120.69 $217.51 $0.00 $481.28 $85,819.48
209 $85,819.48 $217.51 $0.00 $485.24 $86,522.23
210 $86,522.23 $217.51 $0.00 $489.21 $87,228.95
211 $87,228.95 $217.51 $0.00 $493.21 $87,939.67
212 $87,939.67 $217.51 $0.00 $497.22 $88,654.40
213 $88,654.40 $217.51 $0.00 $501.26 $89,373.17
214 $89,373.17 $217.51 $0.00 $505.33 $90,096.01
215 $90,096.01 $217.51 $0.00 $509.42 $90,822.94
216 $90,822.94 $217.51 $0.00 $513.53 $91,553.98
217 $91,553.98 $217.51 $47,749.73 $517.66 $44,539.42
218 $44,539.42 $217.51 $0.00 $251.83 $45,008.76
219 $45,008.76 $217.51 $0.00 $254.49 $45,480.76
220 $45,480.76 $217.51 $0.00 $257.15 $45,955.42
221 $45,955.42 $217.51 $0.00 $259.84 $46,432.77
222 $46,432.77 $217.51 $0.00 $262.54 $46,912.82
223 $46,912.82 $217.51 $0.00 $265.25 $47,395.58
224 $47,395.58 $217.51 $0.00 $267.98 $47,881.07
225 $47,881.07 $217.51 $0.00 $270.73 $48,369.31
226 $48,369.31 $217.51 $0.00 $273.49 $48,860.31
227 $48,860.31 $217.51 $0.00 $276.26 $49,354.08
228 $49,354.08 $217.51 $0.00 $279.06 $49,850.65
229 $49,850.65 $0.00 $50,137.22 $281.86 ($4.71)