Savings Plan and Future Cost Estimation for College of the Redwoods

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$47,219
Monthly savings required$210

How much will it cost to send your child to College of the Redwoods in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $94,438.21 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $209.79 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$13,498.00
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 $209.79 $0.00 $0.00 $209.79
2 $209.79 $209.79 $0.00 $1.19 $420.77
3 $420.77 $209.79 $0.00 $2.38 $632.94
4 $632.94 $209.79 $0.00 $3.58 $846.31
5 $846.31 $209.79 $0.00 $4.79 $1,060.89
6 $1,060.89 $209.79 $0.00 $6.00 $1,276.68
7 $1,276.68 $209.79 $0.00 $7.22 $1,493.69
8 $1,493.69 $209.79 $0.00 $8.45 $1,711.93
9 $1,711.93 $209.79 $0.00 $9.68 $1,931.40
10 $1,931.40 $209.79 $0.00 $10.92 $2,152.11
11 $2,152.11 $209.79 $0.00 $12.17 $2,374.07
12 $2,374.07 $209.79 $0.00 $13.42 $2,597.28
13 $2,597.28 $209.79 $0.00 $14.69 $2,821.76
14 $2,821.76 $209.79 $0.00 $15.95 $3,047.50
15 $3,047.50 $209.79 $0.00 $17.23 $3,274.52
16 $3,274.52 $209.79 $0.00 $18.51 $3,502.82
17 $3,502.82 $209.79 $0.00 $19.81 $3,732.42
18 $3,732.42 $209.79 $0.00 $21.10 $3,963.31
19 $3,963.31 $209.79 $0.00 $22.41 $4,195.51
20 $4,195.51 $209.79 $0.00 $23.72 $4,429.02
21 $4,429.02 $209.79 $0.00 $25.04 $4,663.85
22 $4,663.85 $209.79 $0.00 $26.37 $4,900.01
23 $4,900.01 $209.79 $0.00 $27.71 $5,137.51
24 $5,137.51 $209.79 $0.00 $29.05 $5,376.35
25 $5,376.35 $209.79 $0.00 $30.40 $5,616.54
26 $5,616.54 $209.79 $0.00 $31.76 $5,858.09
27 $5,858.09 $209.79 $0.00 $33.12 $6,101.00
28 $6,101.00 $209.79 $0.00 $34.50 $6,345.29
29 $6,345.29 $209.79 $0.00 $35.88 $6,590.96
30 $6,590.96 $209.79 $0.00 $37.27 $6,838.02
31 $6,838.02 $209.79 $0.00 $38.66 $7,086.47
32 $7,086.47 $209.79 $0.00 $40.07 $7,336.33
33 $7,336.33 $209.79 $0.00 $41.48 $7,587.60
34 $7,587.60 $209.79 $0.00 $42.90 $7,840.29
35 $7,840.29 $209.79 $0.00 $44.33 $8,094.41
36 $8,094.41 $209.79 $0.00 $45.77 $8,349.97
37 $8,349.97 $209.79 $0.00 $47.21 $8,606.97
38 $8,606.97 $209.79 $0.00 $48.67 $8,865.43
39 $8,865.43 $209.79 $0.00 $50.13 $9,125.35
40 $9,125.35 $209.79 $0.00 $51.60 $9,386.74
41 $9,386.74 $209.79 $0.00 $53.07 $9,649.60
42 $9,649.60 $209.79 $0.00 $54.56 $9,913.95
43 $9,913.95 $209.79 $0.00 $56.05 $10,179.79
44 $10,179.79 $209.79 $0.00 $57.56 $10,447.14
45 $10,447.14 $209.79 $0.00 $59.07 $10,716.00
46 $10,716.00 $209.79 $0.00 $60.59 $10,986.38
47 $10,986.38 $209.79 $0.00 $62.12 $11,258.29
48 $11,258.29 $209.79 $0.00 $63.66 $11,531.74
49 $11,531.74 $209.79 $0.00 $65.20 $11,806.73
50 $11,806.73 $209.79 $0.00 $66.76 $12,083.28
51 $12,083.28 $209.79 $0.00 $68.32 $12,361.39
52 $12,361.39 $209.79 $0.00 $69.89 $12,641.07
53 $12,641.07 $209.79 $0.00 $71.47 $12,922.33
54 $12,922.33 $209.79 $0.00 $73.06 $13,205.18
55 $13,205.18 $209.79 $0.00 $74.66 $13,489.63
56 $13,489.63 $209.79 $0.00 $76.27 $13,775.69
57 $13,775.69 $209.79 $0.00 $77.89 $14,063.37
58 $14,063.37 $209.79 $0.00 $79.52 $14,352.68
59 $14,352.68 $209.79 $0.00 $81.15 $14,643.62
60 $14,643.62 $209.79 $0.00 $82.80 $14,936.21
61 $14,936.21 $209.79 $0.00 $84.45 $15,230.45
62 $15,230.45 $209.79 $0.00 $86.12 $15,526.36
63 $15,526.36 $209.79 $0.00 $87.79 $15,823.94
64 $15,823.94 $209.79 $0.00 $89.47 $16,123.20
65 $16,123.20 $209.79 $0.00 $91.16 $16,424.15
66 $16,424.15 $209.79 $0.00 $92.86 $16,726.80
67 $16,726.80 $209.79 $0.00 $94.58 $17,031.17
68 $17,031.17 $209.79 $0.00 $96.30 $17,337.26
69 $17,337.26 $209.79 $0.00 $98.03 $17,645.08
70 $17,645.08 $209.79 $0.00 $99.77 $17,954.64
71 $17,954.64 $209.79 $0.00 $101.52 $18,265.95
72 $18,265.95 $209.79 $0.00 $103.28 $18,579.02
73 $18,579.02 $209.79 $0.00 $105.05 $18,893.86
74 $18,893.86 $209.79 $0.00 $106.83 $19,210.48
75 $19,210.48 $209.79 $0.00 $108.62 $19,528.89
76 $19,528.89 $209.79 $0.00 $110.42 $19,849.10
77 $19,849.10 $209.79 $0.00 $112.23 $20,171.12
78 $20,171.12 $209.79 $0.00 $114.05 $20,494.96
79 $20,494.96 $209.79 $0.00 $115.88 $20,820.63
80 $20,820.63 $209.79 $0.00 $117.72 $21,148.14
81 $21,148.14 $209.79 $0.00 $119.57 $21,477.50
82 $21,477.50 $209.79 $0.00 $121.44 $21,808.73
83 $21,808.73 $209.79 $0.00 $123.31 $22,141.83
84 $22,141.83 $209.79 $0.00 $125.19 $22,476.81
85 $22,476.81 $209.79 $0.00 $127.09 $22,813.69
86 $22,813.69 $209.79 $0.00 $128.99 $23,152.47
87 $23,152.47 $209.79 $0.00 $130.91 $23,493.17
88 $23,493.17 $209.79 $0.00 $132.83 $23,835.79
89 $23,835.79 $209.79 $0.00 $134.77 $24,180.35
90 $24,180.35 $209.79 $0.00 $136.72 $24,526.86
91 $24,526.86 $209.79 $0.00 $138.68 $24,875.33
92 $24,875.33 $209.79 $0.00 $140.65 $25,225.77
93 $25,225.77 $209.79 $0.00 $142.63 $25,578.19
94 $25,578.19 $209.79 $0.00 $144.62 $25,932.60
95 $25,932.60 $209.79 $0.00 $146.63 $26,289.02
96 $26,289.02 $209.79 $0.00 $148.64 $26,647.45
97 $26,647.45 $209.79 $0.00 $150.67 $27,007.91
98 $27,007.91 $209.79 $0.00 $152.71 $27,370.41
99 $27,370.41 $209.79 $0.00 $154.76 $27,734.96
100 $27,734.96 $209.79 $0.00 $156.82 $28,101.57
101 $28,101.57 $209.79 $0.00 $158.89 $28,470.25
102 $28,470.25 $209.79 $0.00 $160.97 $28,841.01
103 $28,841.01 $209.79 $0.00 $163.07 $29,213.87
104 $29,213.87 $209.79 $0.00 $165.18 $29,588.84
105 $29,588.84 $209.79 $0.00 $167.30 $29,965.93
106 $29,965.93 $209.79 $0.00 $169.43 $30,345.15
107 $30,345.15 $209.79 $0.00 $171.58 $30,726.52
108 $30,726.52 $209.79 $0.00 $173.73 $31,110.04
109 $31,110.04 $209.79 $0.00 $175.90 $31,495.73
110 $31,495.73 $209.79 $0.00 $178.08 $31,883.60
111 $31,883.60 $209.79 $0.00 $180.27 $32,273.66
112 $32,273.66 $209.79 $0.00 $182.48 $32,665.93
113 $32,665.93 $209.79 $0.00 $184.70 $33,060.42
114 $33,060.42 $209.79 $0.00 $186.93 $33,457.14
115 $33,457.14 $209.79 $0.00 $189.17 $33,856.10
116 $33,856.10 $209.79 $0.00 $191.43 $34,257.32
117 $34,257.32 $209.79 $0.00 $193.70 $34,660.81
118 $34,660.81 $209.79 $0.00 $195.98 $35,066.58
119 $35,066.58 $209.79 $0.00 $198.27 $35,474.64
120 $35,474.64 $209.79 $0.00 $200.58 $35,885.01
121 $35,885.01 $209.79 $0.00 $202.90 $36,297.70
122 $36,297.70 $209.79 $0.00 $205.23 $36,712.72
123 $36,712.72 $209.79 $0.00 $207.58 $37,130.09
124 $37,130.09 $209.79 $0.00 $209.94 $37,549.82
125 $37,549.82 $209.79 $0.00 $212.31 $37,971.92
126 $37,971.92 $209.79 $0.00 $214.70 $38,396.41
127 $38,396.41 $209.79 $0.00 $217.10 $38,823.30
128 $38,823.30 $209.79 $0.00 $219.51 $39,252.60
129 $39,252.60 $209.79 $0.00 $221.94 $39,684.33
130 $39,684.33 $209.79 $0.00 $224.38 $40,118.50
131 $40,118.50 $209.79 $0.00 $226.84 $40,555.13
132 $40,555.13 $209.79 $0.00 $229.30 $40,994.22
133 $40,994.22 $209.79 $0.00 $231.79 $41,435.80
134 $41,435.80 $209.79 $0.00 $234.28 $41,879.87
135 $41,879.87 $209.79 $0.00 $236.79 $42,326.45
136 $42,326.45 $209.79 $0.00 $239.32 $42,775.56
137 $42,775.56 $209.79 $0.00 $241.86 $43,227.21
138 $43,227.21 $209.79 $0.00 $244.41 $43,681.41
139 $43,681.41 $209.79 $0.00 $246.98 $44,138.18
140 $44,138.18 $209.79 $0.00 $249.56 $44,597.53
141 $44,597.53 $209.79 $0.00 $252.16 $45,059.48
142 $45,059.48 $209.79 $0.00 $254.77 $45,524.04
143 $45,524.04 $209.79 $0.00 $257.40 $45,991.23
144 $45,991.23 $209.79 $0.00 $260.04 $46,461.06
145 $46,461.06 $209.79 $0.00 $262.70 $46,933.55
146 $46,933.55 $209.79 $0.00 $265.37 $47,408.71
147 $47,408.71 $209.79 $0.00 $268.06 $47,886.56
148 $47,886.56 $209.79 $0.00 $270.76 $48,367.11
149 $48,367.11 $209.79 $0.00 $273.47 $48,850.37
150 $48,850.37 $209.79 $0.00 $276.21 $49,336.37
151 $49,336.37 $209.79 $0.00 $278.96 $49,825.12
152 $49,825.12 $209.79 $0.00 $281.72 $50,316.63
153 $50,316.63 $209.79 $0.00 $284.50 $50,810.92
154 $50,810.92 $209.79 $0.00 $287.29 $51,308.00
155 $51,308.00 $209.79 $0.00 $290.10 $51,807.89
156 $51,807.89 $209.79 $0.00 $292.93 $52,310.61
157 $52,310.61 $209.79 $0.00 $295.77 $52,816.17
158 $52,816.17 $209.79 $0.00 $298.63 $53,324.59
159 $53,324.59 $209.79 $0.00 $301.50 $53,835.88
160 $53,835.88 $209.79 $0.00 $304.40 $54,350.07
161 $54,350.07 $209.79 $0.00 $307.30 $54,867.16
162 $54,867.16 $209.79 $0.00 $310.23 $55,387.18
163 $55,387.18 $209.79 $0.00 $313.17 $55,910.14
164 $55,910.14 $209.79 $0.00 $316.12 $56,436.05
165 $56,436.05 $209.79 $0.00 $319.10 $56,964.94
166 $56,964.94 $209.79 $0.00 $322.09 $57,496.82
167 $57,496.82 $209.79 $0.00 $325.10 $58,031.71
168 $58,031.71 $209.79 $0.00 $328.12 $58,569.62
169 $58,569.62 $209.79 $0.00 $331.16 $59,110.57
170 $59,110.57 $209.79 $0.00 $334.22 $59,654.58
171 $59,654.58 $209.79 $0.00 $337.30 $60,201.67
172 $60,201.67 $209.79 $0.00 $340.39 $60,751.85
173 $60,751.85 $209.79 $0.00 $343.50 $61,305.14
174 $61,305.14 $209.79 $0.00 $346.63 $61,861.56
175 $61,861.56 $209.79 $0.00 $349.77 $62,421.12
176 $62,421.12 $209.79 $0.00 $352.94 $62,983.85
177 $62,983.85 $209.79 $0.00 $356.12 $63,549.76
178 $63,549.76 $209.79 $0.00 $359.32 $64,118.87
179 $64,118.87 $209.79 $0.00 $362.54 $64,691.20
180 $64,691.20 $209.79 $0.00 $365.77 $65,266.76
181 $65,266.76 $209.79 $0.00 $369.03 $65,845.58
182 $65,845.58 $209.79 $0.00 $372.30 $66,427.67
183 $66,427.67 $209.79 $0.00 $375.59 $67,013.05
184 $67,013.05 $209.79 $0.00 $378.90 $67,601.74
185 $67,601.74 $209.79 $0.00 $382.23 $68,193.76
186 $68,193.76 $209.79 $0.00 $385.58 $68,789.13
187 $68,789.13 $209.79 $0.00 $388.94 $69,387.86
188 $69,387.86 $209.79 $0.00 $392.33 $69,989.98
189 $69,989.98 $209.79 $0.00 $395.73 $70,595.50
190 $70,595.50 $209.79 $0.00 $399.16 $71,204.45
191 $71,204.45 $209.79 $0.00 $402.60 $71,816.84
192 $71,816.84 $209.79 $0.00 $406.06 $72,432.69
193 $72,432.69 $209.79 $0.00 $409.54 $73,052.02
194 $73,052.02 $209.79 $0.00 $413.05 $73,674.86
195 $73,674.86 $209.79 $0.00 $416.57 $74,301.22
196 $74,301.22 $209.79 $0.00 $420.11 $74,931.12
197 $74,931.12 $209.79 $0.00 $423.67 $75,564.58
198 $75,564.58 $209.79 $0.00 $427.25 $76,201.62
199 $76,201.62 $209.79 $0.00 $430.86 $76,842.27
200 $76,842.27 $209.79 $0.00 $434.48 $77,486.54
201 $77,486.54 $209.79 $0.00 $438.12 $78,134.45
202 $78,134.45 $209.79 $0.00 $441.78 $78,786.02
203 $78,786.02 $209.79 $0.00 $445.47 $79,441.28
204 $79,441.28 $209.79 $0.00 $449.17 $80,100.24
205 $80,100.24 $209.79 $0.00 $452.90 $80,762.93
206 $80,762.93 $209.79 $0.00 $456.65 $81,429.37
207 $81,429.37 $209.79 $0.00 $460.41 $82,099.57
208 $82,099.57 $209.79 $0.00 $464.20 $82,773.56
209 $82,773.56 $209.79 $0.00 $468.01 $83,451.36
210 $83,451.36 $209.79 $0.00 $471.85 $84,133.00
211 $84,133.00 $209.79 $0.00 $475.70 $84,818.49
212 $84,818.49 $209.79 $0.00 $479.58 $85,507.86
213 $85,507.86 $209.79 $0.00 $483.47 $86,201.12
214 $86,201.12 $209.79 $0.00 $487.39 $86,898.30
215 $86,898.30 $209.79 $0.00 $491.34 $87,599.43
216 $87,599.43 $209.79 $0.00 $495.30 $88,304.52
217 $88,304.52 $209.79 $45,622.33 $499.29 $43,391.27
218 $43,391.27 $209.79 $0.00 $245.34 $43,846.40
219 $43,846.40 $209.79 $0.00 $247.91 $44,304.10
220 $44,304.10 $209.79 $0.00 $250.50 $44,764.39
221 $44,764.39 $209.79 $0.00 $253.10 $45,227.28
222 $45,227.28 $209.79 $0.00 $255.72 $45,692.79
223 $45,692.79 $209.79 $0.00 $258.35 $46,160.93
224 $46,160.93 $209.79 $0.00 $261.00 $46,631.72
225 $46,631.72 $209.79 $0.00 $263.66 $47,105.17
226 $47,105.17 $209.79 $0.00 $266.34 $47,581.30
227 $47,581.30 $209.79 $0.00 $269.03 $48,060.12
228 $48,060.12 $209.79 $0.00 $271.74 $48,541.65
229 $48,541.65 $0.00 $48,815.89 $274.46 $0.22