Savings Plan and Future Cost Estimation for Palomar College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$103,890
Monthly savings required$462

How much will it cost to send your child to Palomar College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $207,780.86 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $461.58 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$29,698.00
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 $461.58 $0.00 $0.00 $461.58
2 $461.58 $461.58 $0.00 $2.61 $925.77
3 $925.77 $461.58 $0.00 $5.23 $1,392.58
4 $1,392.58 $461.58 $0.00 $7.87 $1,862.03
5 $1,862.03 $461.58 $0.00 $10.53 $2,334.14
6 $2,334.14 $461.58 $0.00 $13.20 $2,808.92
7 $2,808.92 $461.58 $0.00 $15.88 $3,286.38
8 $3,286.38 $461.58 $0.00 $18.58 $3,766.54
9 $3,766.54 $461.58 $0.00 $21.30 $4,249.42
10 $4,249.42 $461.58 $0.00 $24.03 $4,735.03
11 $4,735.03 $461.58 $0.00 $26.77 $5,223.38
12 $5,223.38 $461.58 $0.00 $29.53 $5,714.49
13 $5,714.49 $461.58 $0.00 $32.31 $6,208.38
14 $6,208.38 $461.58 $0.00 $35.10 $6,705.06
15 $6,705.06 $461.58 $0.00 $37.91 $7,204.55
16 $7,204.55 $461.58 $0.00 $40.74 $7,706.87
17 $7,706.87 $461.58 $0.00 $43.58 $8,212.03
18 $8,212.03 $461.58 $0.00 $46.43 $8,720.04
19 $8,720.04 $461.58 $0.00 $49.30 $9,230.92
20 $9,230.92 $461.58 $0.00 $52.19 $9,744.69
21 $9,744.69 $461.58 $0.00 $55.10 $10,261.37
22 $10,261.37 $461.58 $0.00 $58.02 $10,780.97
23 $10,780.97 $461.58 $0.00 $60.96 $11,303.51
24 $11,303.51 $461.58 $0.00 $63.91 $11,829.00
25 $11,829.00 $461.58 $0.00 $66.88 $12,357.46
26 $12,357.46 $461.58 $0.00 $69.87 $12,888.91
27 $12,888.91 $461.58 $0.00 $72.88 $13,423.37
28 $13,423.37 $461.58 $0.00 $75.90 $13,960.85
29 $13,960.85 $461.58 $0.00 $78.94 $14,501.37
30 $14,501.37 $461.58 $0.00 $81.99 $15,044.94
31 $15,044.94 $461.58 $0.00 $85.07 $15,591.59
32 $15,591.59 $461.58 $0.00 $88.16 $16,141.33
33 $16,141.33 $461.58 $0.00 $91.27 $16,694.18
34 $16,694.18 $461.58 $0.00 $94.39 $17,250.15
35 $17,250.15 $461.58 $0.00 $97.53 $17,809.26
36 $17,809.26 $461.58 $0.00 $100.70 $18,371.54
37 $18,371.54 $461.58 $0.00 $103.88 $18,937.00
38 $18,937.00 $461.58 $0.00 $107.07 $19,505.65
39 $19,505.65 $461.58 $0.00 $110.29 $20,077.52
40 $20,077.52 $461.58 $0.00 $113.52 $20,652.62
41 $20,652.62 $461.58 $0.00 $116.77 $21,230.97
42 $21,230.97 $461.58 $0.00 $120.04 $21,812.59
43 $21,812.59 $461.58 $0.00 $123.33 $22,397.50
44 $22,397.50 $461.58 $0.00 $126.64 $22,985.72
45 $22,985.72 $461.58 $0.00 $129.96 $23,577.26
46 $23,577.26 $461.58 $0.00 $133.31 $24,172.15
47 $24,172.15 $461.58 $0.00 $136.67 $24,770.40
48 $24,770.40 $461.58 $0.00 $140.06 $25,372.04
49 $25,372.04 $461.58 $0.00 $143.46 $25,977.08
50 $25,977.08 $461.58 $0.00 $146.88 $26,585.54
51 $26,585.54 $461.58 $0.00 $150.32 $27,197.44
52 $27,197.44 $461.58 $0.00 $153.78 $27,812.80
53 $27,812.80 $461.58 $0.00 $157.26 $28,431.64
54 $28,431.64 $461.58 $0.00 $160.76 $29,053.98
55 $29,053.98 $461.58 $0.00 $164.28 $29,679.84
56 $29,679.84 $461.58 $0.00 $167.81 $30,309.23
57 $30,309.23 $461.58 $0.00 $171.37 $30,942.18
58 $30,942.18 $461.58 $0.00 $174.95 $31,578.71
59 $31,578.71 $461.58 $0.00 $178.55 $32,218.84
60 $32,218.84 $461.58 $0.00 $182.17 $32,862.59
61 $32,862.59 $461.58 $0.00 $185.81 $33,509.98
62 $33,509.98 $461.58 $0.00 $189.47 $34,161.03
63 $34,161.03 $461.58 $0.00 $193.15 $34,815.76
64 $34,815.76 $461.58 $0.00 $196.85 $35,474.19
65 $35,474.19 $461.58 $0.00 $200.58 $36,136.35
66 $36,136.35 $461.58 $0.00 $204.32 $36,802.25
67 $36,802.25 $461.58 $0.00 $208.09 $37,471.92
68 $37,471.92 $461.58 $0.00 $211.87 $38,145.37
69 $38,145.37 $461.58 $0.00 $215.68 $38,822.63
70 $38,822.63 $461.58 $0.00 $219.51 $39,503.72
71 $39,503.72 $461.58 $0.00 $223.36 $40,188.66
72 $40,188.66 $461.58 $0.00 $227.23 $40,877.47
73 $40,877.47 $461.58 $0.00 $231.13 $41,570.18
74 $41,570.18 $461.58 $0.00 $235.04 $42,266.80
75 $42,266.80 $461.58 $0.00 $238.98 $42,967.36
76 $42,967.36 $461.58 $0.00 $242.94 $43,671.88
77 $43,671.88 $461.58 $0.00 $246.93 $44,380.39
78 $44,380.39 $461.58 $0.00 $250.93 $45,092.90
79 $45,092.90 $461.58 $0.00 $254.96 $45,809.44
80 $45,809.44 $461.58 $0.00 $259.01 $46,530.03
81 $46,530.03 $461.58 $0.00 $263.09 $47,254.70
82 $47,254.70 $461.58 $0.00 $267.18 $47,983.46
83 $47,983.46 $461.58 $0.00 $271.31 $48,716.35
84 $48,716.35 $461.58 $0.00 $275.45 $49,453.38
85 $49,453.38 $461.58 $0.00 $279.62 $50,194.58
86 $50,194.58 $461.58 $0.00 $283.81 $50,939.97
87 $50,939.97 $461.58 $0.00 $288.02 $51,689.57
88 $51,689.57 $461.58 $0.00 $292.26 $52,443.41
89 $52,443.41 $461.58 $0.00 $296.52 $53,201.51
90 $53,201.51 $461.58 $0.00 $300.81 $53,963.90
91 $53,963.90 $461.58 $0.00 $305.12 $54,730.60
92 $54,730.60 $461.58 $0.00 $309.45 $55,501.63
93 $55,501.63 $461.58 $0.00 $313.81 $56,277.02
94 $56,277.02 $461.58 $0.00 $318.20 $57,056.80
95 $57,056.80 $461.58 $0.00 $322.61 $57,840.99
96 $57,840.99 $461.58 $0.00 $327.04 $58,629.61
97 $58,629.61 $461.58 $0.00 $331.50 $59,422.69
98 $59,422.69 $461.58 $0.00 $335.98 $60,220.25
99 $60,220.25 $461.58 $0.00 $340.49 $61,022.32
100 $61,022.32 $461.58 $0.00 $345.03 $61,828.93
101 $61,828.93 $461.58 $0.00 $349.59 $62,640.10
102 $62,640.10 $461.58 $0.00 $354.18 $63,455.86
103 $63,455.86 $461.58 $0.00 $358.79 $64,276.23
104 $64,276.23 $461.58 $0.00 $363.43 $65,101.24
105 $65,101.24 $461.58 $0.00 $368.09 $65,930.91
106 $65,930.91 $461.58 $0.00 $372.78 $66,765.27
107 $66,765.27 $461.58 $0.00 $377.50 $67,604.35
108 $67,604.35 $461.58 $0.00 $382.24 $68,448.17
109 $68,448.17 $461.58 $0.00 $387.02 $69,296.77
110 $69,296.77 $461.58 $0.00 $391.81 $70,150.16
111 $70,150.16 $461.58 $0.00 $396.64 $71,008.38
112 $71,008.38 $461.58 $0.00 $401.49 $71,871.45
113 $71,871.45 $461.58 $0.00 $406.37 $72,739.40
114 $72,739.40 $461.58 $0.00 $411.28 $73,612.26
115 $73,612.26 $461.58 $0.00 $416.21 $74,490.05
116 $74,490.05 $461.58 $0.00 $421.18 $75,372.81
117 $75,372.81 $461.58 $0.00 $426.17 $76,260.56
118 $76,260.56 $461.58 $0.00 $431.19 $77,153.33
119 $77,153.33 $461.58 $0.00 $436.24 $78,051.15
120 $78,051.15 $461.58 $0.00 $441.31 $78,954.04
121 $78,954.04 $461.58 $0.00 $446.42 $79,862.04
122 $79,862.04 $461.58 $0.00 $451.55 $80,775.17
123 $80,775.17 $461.58 $0.00 $456.71 $81,693.46
124 $81,693.46 $461.58 $0.00 $461.91 $82,616.95
125 $82,616.95 $461.58 $0.00 $467.13 $83,545.66
126 $83,545.66 $461.58 $0.00 $472.38 $84,479.62
127 $84,479.62 $461.58 $0.00 $477.66 $85,418.86
128 $85,418.86 $461.58 $0.00 $482.97 $86,363.41
129 $86,363.41 $461.58 $0.00 $488.31 $87,313.30
130 $87,313.30 $461.58 $0.00 $493.68 $88,268.56
131 $88,268.56 $461.58 $0.00 $499.08 $89,229.22
132 $89,229.22 $461.58 $0.00 $504.51 $90,195.31
133 $90,195.31 $461.58 $0.00 $509.98 $91,166.87
134 $91,166.87 $461.58 $0.00 $515.47 $92,143.92
135 $92,143.92 $461.58 $0.00 $521.00 $93,126.50
136 $93,126.50 $461.58 $0.00 $526.55 $94,114.63
137 $94,114.63 $461.58 $0.00 $532.14 $95,108.35
138 $95,108.35 $461.58 $0.00 $537.76 $96,107.69
139 $96,107.69 $461.58 $0.00 $543.41 $97,112.68
140 $97,112.68 $461.58 $0.00 $549.09 $98,123.35
141 $98,123.35 $461.58 $0.00 $554.80 $99,139.73
142 $99,139.73 $461.58 $0.00 $560.55 $100,161.86
143 $100,161.86 $461.58 $0.00 $566.33 $101,189.77
144 $101,189.77 $461.58 $0.00 $572.14 $102,223.49
145 $102,223.49 $461.58 $0.00 $577.99 $103,263.06
146 $103,263.06 $461.58 $0.00 $583.86 $104,308.50
147 $104,308.50 $461.58 $0.00 $589.78 $105,359.86
148 $105,359.86 $461.58 $0.00 $595.72 $106,417.16
149 $106,417.16 $461.58 $0.00 $601.70 $107,480.44
150 $107,480.44 $461.58 $0.00 $607.71 $108,549.73
151 $108,549.73 $461.58 $0.00 $613.76 $109,625.07
152 $109,625.07 $461.58 $0.00 $619.84 $110,706.49
153 $110,706.49 $461.58 $0.00 $625.95 $111,794.02
154 $111,794.02 $461.58 $0.00 $632.10 $112,887.70
155 $112,887.70 $461.58 $0.00 $638.28 $113,987.56
156 $113,987.56 $461.58 $0.00 $644.50 $115,093.64
157 $115,093.64 $461.58 $0.00 $650.76 $116,205.98
158 $116,205.98 $461.58 $0.00 $657.05 $117,324.61
159 $117,324.61 $461.58 $0.00 $663.37 $118,449.56
160 $118,449.56 $461.58 $0.00 $669.73 $119,580.87
161 $119,580.87 $461.58 $0.00 $676.13 $120,718.58
162 $120,718.58 $461.58 $0.00 $682.56 $121,862.72
163 $121,862.72 $461.58 $0.00 $689.03 $123,013.33
164 $123,013.33 $461.58 $0.00 $695.54 $124,170.45
165 $124,170.45 $461.58 $0.00 $702.08 $125,334.11
166 $125,334.11 $461.58 $0.00 $708.66 $126,504.35
167 $126,504.35 $461.58 $0.00 $715.27 $127,681.20
168 $127,681.20 $461.58 $0.00 $721.93 $128,864.71
169 $128,864.71 $461.58 $0.00 $728.62 $130,054.91
170 $130,054.91 $461.58 $0.00 $735.35 $131,251.84
171 $131,251.84 $461.58 $0.00 $742.12 $132,455.54
172 $132,455.54 $461.58 $0.00 $748.92 $133,666.04
173 $133,666.04 $461.58 $0.00 $755.77 $134,883.39
174 $134,883.39 $461.58 $0.00 $762.65 $136,107.62
175 $136,107.62 $461.58 $0.00 $769.57 $137,338.77
176 $137,338.77 $461.58 $0.00 $776.53 $138,576.88
177 $138,576.88 $461.58 $0.00 $783.53 $139,821.99
178 $139,821.99 $461.58 $0.00 $790.57 $141,074.14
179 $141,074.14 $461.58 $0.00 $797.65 $142,333.37
180 $142,333.37 $461.58 $0.00 $804.77 $143,599.72
181 $143,599.72 $461.58 $0.00 $811.93 $144,873.23
182 $144,873.23 $461.58 $0.00 $819.13 $146,153.94
183 $146,153.94 $461.58 $0.00 $826.38 $147,441.90
184 $147,441.90 $461.58 $0.00 $833.66 $148,737.14
185 $148,737.14 $461.58 $0.00 $840.98 $150,039.70
186 $150,039.70 $461.58 $0.00 $848.35 $151,349.63
187 $151,349.63 $461.58 $0.00 $855.75 $152,666.96
188 $152,666.96 $461.58 $0.00 $863.20 $153,991.74
189 $153,991.74 $461.58 $0.00 $870.69 $155,324.01
190 $155,324.01 $461.58 $0.00 $878.22 $156,663.81
191 $156,663.81 $461.58 $0.00 $885.80 $158,011.19
192 $158,011.19 $461.58 $0.00 $893.42 $159,366.19
193 $159,366.19 $461.58 $0.00 $901.08 $160,728.85
194 $160,728.85 $461.58 $0.00 $908.78 $162,099.21
195 $162,099.21 $461.58 $0.00 $916.53 $163,477.32
196 $163,477.32 $461.58 $0.00 $924.32 $164,863.22
197 $164,863.22 $461.58 $0.00 $932.16 $166,256.96
198 $166,256.96 $461.58 $0.00 $940.04 $167,658.58
199 $167,658.58 $461.58 $0.00 $947.97 $169,068.13
200 $169,068.13 $461.58 $0.00 $955.94 $170,485.65
201 $170,485.65 $461.58 $0.00 $963.95 $171,911.18
202 $171,911.18 $461.58 $0.00 $972.01 $173,344.77
203 $173,344.77 $461.58 $0.00 $980.12 $174,786.47
204 $174,786.47 $461.58 $0.00 $988.27 $176,236.32
205 $176,236.32 $461.58 $0.00 $996.47 $177,694.37
206 $177,694.37 $461.58 $0.00 $1,004.71 $179,160.66
207 $179,160.66 $461.58 $0.00 $1,013.00 $180,635.24
208 $180,635.24 $461.58 $0.00 $1,021.34 $182,118.16
209 $182,118.16 $461.58 $0.00 $1,029.72 $183,609.46
210 $183,609.46 $461.58 $0.00 $1,038.15 $185,109.19
211 $185,109.19 $461.58 $0.00 $1,046.63 $186,617.40
212 $186,617.40 $461.58 $0.00 $1,055.16 $188,134.14
213 $188,134.14 $461.58 $0.00 $1,063.74 $189,659.46
214 $189,659.46 $461.58 $0.00 $1,072.36 $191,193.40
215 $191,193.40 $461.58 $0.00 $1,081.04 $192,736.02
216 $192,736.02 $461.58 $0.00 $1,089.76 $194,287.36
217 $194,287.36 $461.58 $100,377.23 $1,098.53 $95,470.24
218 $95,470.24 $461.58 $0.00 $539.80 $96,471.62
219 $96,471.62 $461.58 $0.00 $545.46 $97,478.66
220 $97,478.66 $461.58 $0.00 $551.16 $98,491.40
221 $98,491.40 $461.58 $0.00 $556.88 $99,509.86
222 $99,509.86 $461.58 $0.00 $562.64 $100,534.08
223 $100,534.08 $461.58 $0.00 $568.43 $101,564.09
224 $101,564.09 $461.58 $0.00 $574.26 $102,599.93
225 $102,599.93 $461.58 $0.00 $580.11 $103,641.62
226 $103,641.62 $461.58 $0.00 $586.00 $104,689.20
227 $104,689.20 $461.58 $0.00 $591.93 $105,742.71
228 $105,742.71 $461.58 $0.00 $597.88 $106,802.17
229 $106,802.17 $0.00 $107,403.63 $603.87 $2.41