Savings Plan and Future Cost Estimation for Merced College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$87,421
Monthly savings required$388

How much will it cost to send your child to Merced College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $174,841.53 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $388.40 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$24,990.00
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 $388.40 $0.00 $0.00 $388.40
2 $388.40 $388.40 $0.00 $2.20 $779.00
3 $779.00 $388.40 $0.00 $4.40 $1,171.80
4 $1,171.80 $388.40 $0.00 $6.63 $1,566.83
5 $1,566.83 $388.40 $0.00 $8.86 $1,964.09
6 $1,964.09 $388.40 $0.00 $11.11 $2,363.60
7 $2,363.60 $388.40 $0.00 $13.36 $2,765.36
8 $2,765.36 $388.40 $0.00 $15.64 $3,169.40
9 $3,169.40 $388.40 $0.00 $17.92 $3,575.72
10 $3,575.72 $388.40 $0.00 $20.22 $3,984.34
11 $3,984.34 $388.40 $0.00 $22.53 $4,395.27
12 $4,395.27 $388.40 $0.00 $24.85 $4,808.52
13 $4,808.52 $388.40 $0.00 $27.19 $5,224.11
14 $5,224.11 $388.40 $0.00 $29.54 $5,642.05
15 $5,642.05 $388.40 $0.00 $31.90 $6,062.35
16 $6,062.35 $388.40 $0.00 $34.28 $6,485.03
17 $6,485.03 $388.40 $0.00 $36.67 $6,910.10
18 $6,910.10 $388.40 $0.00 $39.07 $7,337.57
19 $7,337.57 $388.40 $0.00 $41.49 $7,767.46
20 $7,767.46 $388.40 $0.00 $43.92 $8,199.78
21 $8,199.78 $388.40 $0.00 $46.36 $8,634.54
22 $8,634.54 $388.40 $0.00 $48.82 $9,071.76
23 $9,071.76 $388.40 $0.00 $51.29 $9,511.45
24 $9,511.45 $388.40 $0.00 $53.78 $9,953.63
25 $9,953.63 $388.40 $0.00 $56.28 $10,398.31
26 $10,398.31 $388.40 $0.00 $58.79 $10,845.50
27 $10,845.50 $388.40 $0.00 $61.32 $11,295.22
28 $11,295.22 $388.40 $0.00 $63.86 $11,747.48
29 $11,747.48 $388.40 $0.00 $66.42 $12,202.30
30 $12,202.30 $388.40 $0.00 $68.99 $12,659.69
31 $12,659.69 $388.40 $0.00 $71.58 $13,119.67
32 $13,119.67 $388.40 $0.00 $74.18 $13,582.25
33 $13,582.25 $388.40 $0.00 $76.80 $14,047.45
34 $14,047.45 $388.40 $0.00 $79.43 $14,515.28
35 $14,515.28 $388.40 $0.00 $82.07 $14,985.75
36 $14,985.75 $388.40 $0.00 $84.73 $15,458.88
37 $15,458.88 $388.40 $0.00 $87.41 $15,934.69
38 $15,934.69 $388.40 $0.00 $90.10 $16,413.19
39 $16,413.19 $388.40 $0.00 $92.80 $16,894.39
40 $16,894.39 $388.40 $0.00 $95.52 $17,378.31
41 $17,378.31 $388.40 $0.00 $98.26 $17,864.97
42 $17,864.97 $388.40 $0.00 $101.01 $18,354.38
43 $18,354.38 $388.40 $0.00 $103.78 $18,846.56
44 $18,846.56 $388.40 $0.00 $106.56 $19,341.52
45 $19,341.52 $388.40 $0.00 $109.36 $19,839.28
46 $19,839.28 $388.40 $0.00 $112.17 $20,339.85
47 $20,339.85 $388.40 $0.00 $115.00 $20,843.25
48 $20,843.25 $388.40 $0.00 $117.85 $21,349.50
49 $21,349.50 $388.40 $0.00 $120.71 $21,858.61
50 $21,858.61 $388.40 $0.00 $123.59 $22,370.60
51 $22,370.60 $388.40 $0.00 $126.49 $22,885.49
52 $22,885.49 $388.40 $0.00 $129.40 $23,403.29
53 $23,403.29 $388.40 $0.00 $132.33 $23,924.02
54 $23,924.02 $388.40 $0.00 $135.27 $24,447.69
55 $24,447.69 $388.40 $0.00 $138.23 $24,974.32
56 $24,974.32 $388.40 $0.00 $141.21 $25,503.93
57 $25,503.93 $388.40 $0.00 $144.20 $26,036.53
58 $26,036.53 $388.40 $0.00 $147.21 $26,572.14
59 $26,572.14 $388.40 $0.00 $150.24 $27,110.78
60 $27,110.78 $388.40 $0.00 $153.29 $27,652.47
61 $27,652.47 $388.40 $0.00 $156.35 $28,197.22
62 $28,197.22 $388.40 $0.00 $159.43 $28,745.05
63 $28,745.05 $388.40 $0.00 $162.53 $29,295.98
64 $29,295.98 $388.40 $0.00 $165.64 $29,850.02
65 $29,850.02 $388.40 $0.00 $168.78 $30,407.20
66 $30,407.20 $388.40 $0.00 $171.93 $30,967.53
67 $30,967.53 $388.40 $0.00 $175.09 $31,531.02
68 $31,531.02 $388.40 $0.00 $178.28 $32,097.70
69 $32,097.70 $388.40 $0.00 $181.49 $32,667.59
70 $32,667.59 $388.40 $0.00 $184.71 $33,240.70
71 $33,240.70 $388.40 $0.00 $187.95 $33,817.05
72 $33,817.05 $388.40 $0.00 $191.21 $34,396.66
73 $34,396.66 $388.40 $0.00 $194.48 $34,979.54
74 $34,979.54 $388.40 $0.00 $197.78 $35,565.72
75 $35,565.72 $388.40 $0.00 $201.09 $36,155.21
76 $36,155.21 $388.40 $0.00 $204.43 $36,748.04
77 $36,748.04 $388.40 $0.00 $207.78 $37,344.22
78 $37,344.22 $388.40 $0.00 $211.15 $37,943.77
79 $37,943.77 $388.40 $0.00 $214.54 $38,546.71
80 $38,546.71 $388.40 $0.00 $217.95 $39,153.06
81 $39,153.06 $388.40 $0.00 $221.38 $39,762.84
82 $39,762.84 $388.40 $0.00 $224.82 $40,376.06
83 $40,376.06 $388.40 $0.00 $228.29 $40,992.75
84 $40,992.75 $388.40 $0.00 $231.78 $41,612.93
85 $41,612.93 $388.40 $0.00 $235.29 $42,236.62
86 $42,236.62 $388.40 $0.00 $238.81 $42,863.83
87 $42,863.83 $388.40 $0.00 $242.36 $43,494.59
88 $43,494.59 $388.40 $0.00 $245.92 $44,128.91
89 $44,128.91 $388.40 $0.00 $249.51 $44,766.82
90 $44,766.82 $388.40 $0.00 $253.12 $45,408.34
91 $45,408.34 $388.40 $0.00 $256.75 $46,053.49
92 $46,053.49 $388.40 $0.00 $260.39 $46,702.28
93 $46,702.28 $388.40 $0.00 $264.06 $47,354.74
94 $47,354.74 $388.40 $0.00 $267.75 $48,010.89
95 $48,010.89 $388.40 $0.00 $271.46 $48,670.75
96 $48,670.75 $388.40 $0.00 $275.19 $49,334.34
97 $49,334.34 $388.40 $0.00 $278.94 $50,001.68
98 $50,001.68 $388.40 $0.00 $282.72 $50,672.80
99 $50,672.80 $388.40 $0.00 $286.51 $51,347.71
100 $51,347.71 $388.40 $0.00 $290.33 $52,026.44
101 $52,026.44 $388.40 $0.00 $294.17 $52,709.01
102 $52,709.01 $388.40 $0.00 $298.02 $53,395.43
103 $53,395.43 $388.40 $0.00 $301.91 $54,085.74
104 $54,085.74 $388.40 $0.00 $305.81 $54,779.95
105 $54,779.95 $388.40 $0.00 $309.73 $55,478.08
106 $55,478.08 $388.40 $0.00 $313.68 $56,180.16
107 $56,180.16 $388.40 $0.00 $317.65 $56,886.21
108 $56,886.21 $388.40 $0.00 $321.64 $57,596.25
109 $57,596.25 $388.40 $0.00 $325.66 $58,310.31
110 $58,310.31 $388.40 $0.00 $329.69 $59,028.40
111 $59,028.40 $388.40 $0.00 $333.76 $59,750.56
112 $59,750.56 $388.40 $0.00 $337.84 $60,476.80
113 $60,476.80 $388.40 $0.00 $341.94 $61,207.14
114 $61,207.14 $388.40 $0.00 $346.07 $61,941.61
115 $61,941.61 $388.40 $0.00 $350.23 $62,680.24
116 $62,680.24 $388.40 $0.00 $354.40 $63,423.04
117 $63,423.04 $388.40 $0.00 $358.60 $64,170.04
118 $64,170.04 $388.40 $0.00 $362.83 $64,921.27
119 $64,921.27 $388.40 $0.00 $367.07 $65,676.74
120 $65,676.74 $388.40 $0.00 $371.35 $66,436.49
121 $66,436.49 $388.40 $0.00 $375.64 $67,200.53
122 $67,200.53 $388.40 $0.00 $379.96 $67,968.89
123 $67,968.89 $388.40 $0.00 $384.31 $68,741.60
124 $68,741.60 $388.40 $0.00 $388.68 $69,518.68
125 $69,518.68 $388.40 $0.00 $393.07 $70,300.15
126 $70,300.15 $388.40 $0.00 $397.49 $71,086.04
127 $71,086.04 $388.40 $0.00 $401.93 $71,876.37
128 $71,876.37 $388.40 $0.00 $406.40 $72,671.17
129 $72,671.17 $388.40 $0.00 $410.89 $73,470.46
130 $73,470.46 $388.40 $0.00 $415.41 $74,274.27
131 $74,274.27 $388.40 $0.00 $419.96 $75,082.63
132 $75,082.63 $388.40 $0.00 $424.53 $75,895.56
133 $75,895.56 $388.40 $0.00 $429.12 $76,713.08
134 $76,713.08 $388.40 $0.00 $433.75 $77,535.23
135 $77,535.23 $388.40 $0.00 $438.40 $78,362.03
136 $78,362.03 $388.40 $0.00 $443.07 $79,193.50
137 $79,193.50 $388.40 $0.00 $447.77 $80,029.67
138 $80,029.67 $388.40 $0.00 $452.50 $80,870.57
139 $80,870.57 $388.40 $0.00 $457.25 $81,716.22
140 $81,716.22 $388.40 $0.00 $462.04 $82,566.66
141 $82,566.66 $388.40 $0.00 $466.84 $83,421.90
142 $83,421.90 $388.40 $0.00 $471.68 $84,281.98
143 $84,281.98 $388.40 $0.00 $476.54 $85,146.92
144 $85,146.92 $388.40 $0.00 $481.43 $86,016.75
145 $86,016.75 $388.40 $0.00 $486.35 $86,891.50
146 $86,891.50 $388.40 $0.00 $491.30 $87,771.20
147 $87,771.20 $388.40 $0.00 $496.27 $88,655.87
148 $88,655.87 $388.40 $0.00 $501.27 $89,545.54
149 $89,545.54 $388.40 $0.00 $506.30 $90,440.24
150 $90,440.24 $388.40 $0.00 $511.36 $91,340.00
151 $91,340.00 $388.40 $0.00 $516.45 $92,244.85
152 $92,244.85 $388.40 $0.00 $521.57 $93,154.82
153 $93,154.82 $388.40 $0.00 $526.71 $94,069.93
154 $94,069.93 $388.40 $0.00 $531.89 $94,990.22
155 $94,990.22 $388.40 $0.00 $537.09 $95,915.71
156 $95,915.71 $388.40 $0.00 $542.32 $96,846.43
157 $96,846.43 $388.40 $0.00 $547.58 $97,782.41
158 $97,782.41 $388.40 $0.00 $552.88 $98,723.69
159 $98,723.69 $388.40 $0.00 $558.20 $99,670.29
160 $99,670.29 $388.40 $0.00 $563.55 $100,622.24
161 $100,622.24 $388.40 $0.00 $568.93 $101,579.57
162 $101,579.57 $388.40 $0.00 $574.35 $102,542.32
163 $102,542.32 $388.40 $0.00 $579.79 $103,510.51
164 $103,510.51 $388.40 $0.00 $585.26 $104,484.17
165 $104,484.17 $388.40 $0.00 $590.77 $105,463.34
166 $105,463.34 $388.40 $0.00 $596.31 $106,448.05
167 $106,448.05 $388.40 $0.00 $601.87 $107,438.32
168 $107,438.32 $388.40 $0.00 $607.47 $108,434.19
169 $108,434.19 $388.40 $0.00 $613.10 $109,435.69
170 $109,435.69 $388.40 $0.00 $618.77 $110,442.86
171 $110,442.86 $388.40 $0.00 $624.46 $111,455.72
172 $111,455.72 $388.40 $0.00 $630.19 $112,474.31
173 $112,474.31 $388.40 $0.00 $635.95 $113,498.66
174 $113,498.66 $388.40 $0.00 $641.74 $114,528.80
175 $114,528.80 $388.40 $0.00 $647.56 $115,564.76
176 $115,564.76 $388.40 $0.00 $653.42 $116,606.58
177 $116,606.58 $388.40 $0.00 $659.31 $117,654.29
178 $117,654.29 $388.40 $0.00 $665.23 $118,707.92
179 $118,707.92 $388.40 $0.00 $671.19 $119,767.51
180 $119,767.51 $388.40 $0.00 $677.18 $120,833.09
181 $120,833.09 $388.40 $0.00 $683.21 $121,904.70
182 $121,904.70 $388.40 $0.00 $689.27 $122,982.37
183 $122,982.37 $388.40 $0.00 $695.36 $124,066.13
184 $124,066.13 $388.40 $0.00 $701.49 $125,156.02
185 $125,156.02 $388.40 $0.00 $707.65 $126,252.07
186 $126,252.07 $388.40 $0.00 $713.85 $127,354.32
187 $127,354.32 $388.40 $0.00 $720.08 $128,462.80
188 $128,462.80 $388.40 $0.00 $726.35 $129,577.55
189 $129,577.55 $388.40 $0.00 $732.65 $130,698.60
190 $130,698.60 $388.40 $0.00 $738.99 $131,825.99
191 $131,825.99 $388.40 $0.00 $745.36 $132,959.75
192 $132,959.75 $388.40 $0.00 $751.77 $134,099.92
193 $134,099.92 $388.40 $0.00 $758.22 $135,246.54
194 $135,246.54 $388.40 $0.00 $764.70 $136,399.64
195 $136,399.64 $388.40 $0.00 $771.22 $137,559.26
196 $137,559.26 $388.40 $0.00 $777.78 $138,725.44
197 $138,725.44 $388.40 $0.00 $784.37 $139,898.21
198 $139,898.21 $388.40 $0.00 $791.00 $141,077.61
199 $141,077.61 $388.40 $0.00 $797.67 $142,263.68
200 $142,263.68 $388.40 $0.00 $804.38 $143,456.46
201 $143,456.46 $388.40 $0.00 $811.12 $144,655.98
202 $144,655.98 $388.40 $0.00 $817.91 $145,862.29
203 $145,862.29 $388.40 $0.00 $824.73 $147,075.42
204 $147,075.42 $388.40 $0.00 $831.59 $148,295.41
205 $148,295.41 $388.40 $0.00 $838.48 $149,522.29
206 $149,522.29 $388.40 $0.00 $845.42 $150,756.11
207 $150,756.11 $388.40 $0.00 $852.40 $151,996.91
208 $151,996.91 $388.40 $0.00 $859.41 $153,244.72
209 $153,244.72 $388.40 $0.00 $866.47 $154,499.59
210 $154,499.59 $388.40 $0.00 $873.56 $155,761.55
211 $155,761.55 $388.40 $0.00 $880.70 $157,030.65
212 $157,030.65 $388.40 $0.00 $887.87 $158,306.92
213 $158,306.92 $388.40 $0.00 $895.09 $159,590.41
214 $159,590.41 $388.40 $0.00 $902.35 $160,881.16
215 $160,881.16 $388.40 $0.00 $909.65 $162,179.21
216 $162,179.21 $388.40 $0.00 $916.98 $163,484.59
217 $163,484.59 $388.40 $84,464.51 $924.37 $80,332.85
218 $80,332.85 $388.40 $0.00 $454.21 $81,175.46
219 $81,175.46 $388.40 $0.00 $458.98 $82,022.84
220 $82,022.84 $388.40 $0.00 $463.77 $82,875.01
221 $82,875.01 $388.40 $0.00 $468.59 $83,732.00
222 $83,732.00 $388.40 $0.00 $473.43 $84,593.83
223 $84,593.83 $388.40 $0.00 $478.31 $85,460.54
224 $85,460.54 $388.40 $0.00 $483.21 $86,332.15
225 $86,332.15 $388.40 $0.00 $488.13 $87,208.68
226 $87,208.68 $388.40 $0.00 $493.09 $88,090.17
227 $88,090.17 $388.40 $0.00 $498.07 $88,976.64
228 $88,976.64 $388.40 $0.00 $503.09 $89,868.13
229 $89,868.13 $0.00 $90,377.02 $508.13 -$0.76