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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$60,839
Monthly savings required$482

How much will it cost to send your child to University of the District of Columbia in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $243,356.96 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $481.60 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$23,461.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $481.60 $0.00 $0.00 $481.60
2 $481.60 $481.60 $0.00 $2.72 $965.92
3 $965.92 $481.60 $0.00 $5.46 $1,452.98
4 $1,452.98 $481.60 $0.00 $8.22 $1,942.80
5 $1,942.80 $481.60 $0.00 $10.98 $2,435.38
6 $2,435.38 $481.60 $0.00 $13.77 $2,930.75
7 $2,930.75 $481.60 $0.00 $16.57 $3,428.92
8 $3,428.92 $481.60 $0.00 $19.39 $3,929.91
9 $3,929.91 $481.60 $0.00 $22.22 $4,433.73
10 $4,433.73 $481.60 $0.00 $25.07 $4,940.40
11 $4,940.40 $481.60 $0.00 $27.93 $5,449.93
12 $5,449.93 $481.60 $0.00 $30.81 $5,962.34
13 $5,962.34 $481.60 $0.00 $33.71 $6,477.65
14 $6,477.65 $481.60 $0.00 $36.63 $6,995.88
15 $6,995.88 $481.60 $0.00 $39.56 $7,517.04
16 $7,517.04 $481.60 $0.00 $42.50 $8,041.14
17 $8,041.14 $481.60 $0.00 $45.47 $8,568.21
18 $8,568.21 $481.60 $0.00 $48.45 $9,098.26
19 $9,098.26 $481.60 $0.00 $51.44 $9,631.30
20 $9,631.30 $481.60 $0.00 $54.46 $10,167.36
21 $10,167.36 $481.60 $0.00 $57.49 $10,706.45
22 $10,706.45 $481.60 $0.00 $60.54 $11,248.59
23 $11,248.59 $481.60 $0.00 $63.60 $11,793.79
24 $11,793.79 $481.60 $0.00 $66.68 $12,342.07
25 $12,342.07 $481.60 $0.00 $69.78 $12,893.45
26 $12,893.45 $481.60 $0.00 $72.90 $13,447.95
27 $13,447.95 $481.60 $0.00 $76.04 $14,005.59
28 $14,005.59 $481.60 $0.00 $79.19 $14,566.38
29 $14,566.38 $481.60 $0.00 $82.36 $15,130.34
30 $15,130.34 $481.60 $0.00 $85.55 $15,697.49
31 $15,697.49 $481.60 $0.00 $88.76 $16,267.85
32 $16,267.85 $481.60 $0.00 $91.98 $16,841.43
33 $16,841.43 $481.60 $0.00 $95.22 $17,418.25
34 $17,418.25 $481.60 $0.00 $98.49 $17,998.34
35 $17,998.34 $481.60 $0.00 $101.77 $18,581.71
36 $18,581.71 $481.60 $0.00 $105.06 $19,168.37
37 $19,168.37 $481.60 $0.00 $108.38 $19,758.35
38 $19,758.35 $481.60 $0.00 $111.72 $20,351.67
39 $20,351.67 $481.60 $0.00 $115.07 $20,948.34
40 $20,948.34 $481.60 $0.00 $118.44 $21,548.38
41 $21,548.38 $481.60 $0.00 $121.84 $22,151.82
42 $22,151.82 $481.60 $0.00 $125.25 $22,758.67
43 $22,758.67 $481.60 $0.00 $128.68 $23,368.95
44 $23,368.95 $481.60 $0.00 $132.13 $23,982.68
45 $23,982.68 $481.60 $0.00 $135.60 $24,599.88
46 $24,599.88 $481.60 $0.00 $139.09 $25,220.57
47 $25,220.57 $481.60 $0.00 $142.60 $25,844.77
48 $25,844.77 $481.60 $0.00 $146.13 $26,472.50
49 $26,472.50 $481.60 $0.00 $149.68 $27,103.78
50 $27,103.78 $481.60 $0.00 $153.25 $27,738.63
51 $27,738.63 $481.60 $0.00 $156.84 $28,377.07
52 $28,377.07 $481.60 $0.00 $160.45 $29,019.12
53 $29,019.12 $481.60 $0.00 $164.08 $29,664.80
54 $29,664.80 $481.60 $0.00 $167.73 $30,314.13
55 $30,314.13 $481.60 $0.00 $171.40 $30,967.13
56 $30,967.13 $481.60 $0.00 $175.09 $31,623.82
57 $31,623.82 $481.60 $0.00 $178.81 $32,284.23
58 $32,284.23 $481.60 $0.00 $182.54 $32,948.37
59 $32,948.37 $481.60 $0.00 $186.29 $33,616.26
60 $33,616.26 $481.60 $0.00 $190.07 $34,287.93
61 $34,287.93 $481.60 $0.00 $193.87 $34,963.40
62 $34,963.40 $481.60 $0.00 $197.69 $35,642.69
63 $35,642.69 $481.60 $0.00 $201.53 $36,325.82
64 $36,325.82 $481.60 $0.00 $205.39 $37,012.81
65 $37,012.81 $481.60 $0.00 $209.28 $37,703.69
66 $37,703.69 $481.60 $0.00 $213.18 $38,398.47
67 $38,398.47 $481.60 $0.00 $217.11 $39,097.18
68 $39,097.18 $481.60 $0.00 $221.06 $39,799.84
69 $39,799.84 $481.60 $0.00 $225.03 $40,506.47
70 $40,506.47 $481.60 $0.00 $229.03 $41,217.10
71 $41,217.10 $481.60 $0.00 $233.05 $41,931.75
72 $41,931.75 $481.60 $0.00 $237.09 $42,650.44
73 $42,650.44 $481.60 $0.00 $241.15 $43,373.19
74 $43,373.19 $481.60 $0.00 $245.24 $44,100.03
75 $44,100.03 $481.60 $0.00 $249.35 $44,830.98
76 $44,830.98 $481.60 $0.00 $253.48 $45,566.06
77 $45,566.06 $481.60 $0.00 $257.64 $46,305.30
78 $46,305.30 $481.60 $0.00 $261.82 $47,048.72
79 $47,048.72 $481.60 $0.00 $266.02 $47,796.34
80 $47,796.34 $481.60 $0.00 $270.25 $48,548.19
81 $48,548.19 $481.60 $0.00 $274.50 $49,304.29
82 $49,304.29 $481.60 $0.00 $278.77 $50,064.66
83 $50,064.66 $481.60 $0.00 $283.07 $50,829.33
84 $50,829.33 $481.60 $0.00 $287.40 $51,598.33
85 $51,598.33 $481.60 $0.00 $291.74 $52,371.67
86 $52,371.67 $481.60 $0.00 $296.12 $53,149.39
87 $53,149.39 $481.60 $0.00 $300.51 $53,931.50
88 $53,931.50 $481.60 $0.00 $304.94 $54,718.04
89 $54,718.04 $481.60 $0.00 $309.38 $55,509.02
90 $55,509.02 $481.60 $0.00 $313.86 $56,304.48
91 $56,304.48 $481.60 $0.00 $318.35 $57,104.43
92 $57,104.43 $481.60 $0.00 $322.88 $57,908.91
93 $57,908.91 $481.60 $0.00 $327.43 $58,717.94
94 $58,717.94 $481.60 $0.00 $332.00 $59,531.54
95 $59,531.54 $481.60 $0.00 $336.60 $60,349.74
96 $60,349.74 $481.60 $0.00 $341.23 $61,172.57
97 $61,172.57 $481.60 $0.00 $345.88 $62,000.05
98 $62,000.05 $481.60 $0.00 $350.56 $62,832.21
99 $62,832.21 $481.60 $0.00 $355.26 $63,669.07
100 $63,669.07 $481.60 $0.00 $359.99 $64,510.66
101 $64,510.66 $481.60 $0.00 $364.75 $65,357.01
102 $65,357.01 $481.60 $0.00 $369.54 $66,208.15
103 $66,208.15 $481.60 $0.00 $374.35 $67,064.10
104 $67,064.10 $481.60 $0.00 $379.19 $67,924.89
105 $67,924.89 $481.60 $0.00 $384.06 $68,790.55
106 $68,790.55 $481.60 $0.00 $388.95 $69,661.10
107 $69,661.10 $481.60 $0.00 $393.87 $70,536.57
108 $70,536.57 $481.60 $0.00 $398.82 $71,416.99
109 $71,416.99 $481.60 $0.00 $403.80 $72,302.39
110 $72,302.39 $481.60 $0.00 $408.81 $73,192.80
111 $73,192.80 $481.60 $0.00 $413.84 $74,088.24
112 $74,088.24 $481.60 $0.00 $418.91 $74,988.75
113 $74,988.75 $481.60 $0.00 $424.00 $75,894.35
114 $75,894.35 $481.60 $0.00 $429.12 $76,805.07
115 $76,805.07 $481.60 $0.00 $434.27 $77,720.94
116 $77,720.94 $481.60 $0.00 $439.45 $78,641.99
117 $78,641.99 $481.60 $0.00 $444.65 $79,568.24
118 $79,568.24 $481.60 $0.00 $449.89 $80,499.73
119 $80,499.73 $481.60 $0.00 $455.16 $81,436.49
120 $81,436.49 $481.60 $0.00 $460.45 $82,378.54
121 $82,378.54 $481.60 $0.00 $465.78 $83,325.92
122 $83,325.92 $481.60 $0.00 $471.14 $84,278.66
123 $84,278.66 $481.60 $0.00 $476.52 $85,236.78
124 $85,236.78 $481.60 $0.00 $481.94 $86,200.32
125 $86,200.32 $481.60 $0.00 $487.39 $87,169.31
126 $87,169.31 $481.60 $0.00 $492.87 $88,143.78
127 $88,143.78 $481.60 $0.00 $498.38 $89,123.76
128 $89,123.76 $481.60 $0.00 $503.92 $90,109.28
129 $90,109.28 $481.60 $0.00 $509.49 $91,100.37
130 $91,100.37 $481.60 $0.00 $515.09 $92,097.06
131 $92,097.06 $481.60 $0.00 $520.73 $93,099.39
132 $93,099.39 $481.60 $0.00 $526.40 $94,107.39
133 $94,107.39 $481.60 $0.00 $532.10 $95,121.09
134 $95,121.09 $481.60 $0.00 $537.83 $96,140.52
135 $96,140.52 $481.60 $0.00 $543.59 $97,165.71
136 $97,165.71 $481.60 $0.00 $549.39 $98,196.70
137 $98,196.70 $481.60 $0.00 $555.22 $99,233.52
138 $99,233.52 $481.60 $0.00 $561.08 $100,276.20
139 $100,276.20 $481.60 $0.00 $566.98 $101,324.78
140 $101,324.78 $481.60 $0.00 $572.91 $102,379.29
141 $102,379.29 $481.60 $0.00 $578.87 $103,439.76
142 $103,439.76 $481.60 $0.00 $584.86 $104,506.22
143 $104,506.22 $481.60 $0.00 $590.89 $105,578.71
144 $105,578.71 $481.60 $0.00 $596.96 $106,657.27
145 $106,657.27 $481.60 $0.00 $603.06 $107,741.93
146 $107,741.93 $481.60 $0.00 $609.19 $108,832.72
147 $108,832.72 $481.60 $0.00 $615.36 $109,929.68
148 $109,929.68 $481.60 $0.00 $621.56 $111,032.84
149 $111,032.84 $481.60 $0.00 $627.80 $112,142.24
150 $112,142.24 $481.60 $0.00 $634.07 $113,257.91
151 $113,257.91 $481.60 $0.00 $640.38 $114,379.89
152 $114,379.89 $481.60 $0.00 $646.72 $115,508.21
153 $115,508.21 $481.60 $0.00 $653.10 $116,642.91
154 $116,642.91 $481.60 $0.00 $659.52 $117,784.03
155 $117,784.03 $481.60 $0.00 $665.97 $118,931.60
156 $118,931.60 $481.60 $0.00 $672.46 $120,085.66
157 $120,085.66 $481.60 $0.00 $678.98 $121,246.24
158 $121,246.24 $481.60 $0.00 $685.54 $122,413.38
159 $122,413.38 $481.60 $0.00 $692.14 $123,587.12
160 $123,587.12 $481.60 $0.00 $698.78 $124,767.50
161 $124,767.50 $481.60 $0.00 $705.45 $125,954.55
162 $125,954.55 $481.60 $0.00 $712.17 $127,148.32
163 $127,148.32 $481.60 $0.00 $718.92 $128,348.84
164 $128,348.84 $481.60 $0.00 $725.70 $129,556.14
165 $129,556.14 $481.60 $0.00 $732.53 $130,770.27
166 $130,770.27 $481.60 $0.00 $739.39 $131,991.26
167 $131,991.26 $481.60 $0.00 $746.30 $133,219.16
168 $133,219.16 $481.60 $0.00 $753.24 $134,454.00
169 $134,454.00 $481.60 $0.00 $760.22 $135,695.82
170 $135,695.82 $481.60 $0.00 $767.24 $136,944.66
171 $136,944.66 $481.60 $0.00 $774.31 $138,200.57
172 $138,200.57 $481.60 $0.00 $781.41 $139,463.58
173 $139,463.58 $481.60 $0.00 $788.55 $140,733.73
174 $140,733.73 $481.60 $0.00 $795.73 $142,011.06
175 $142,011.06 $481.60 $0.00 $802.95 $143,295.61
176 $143,295.61 $481.60 $0.00 $810.21 $144,587.42
177 $144,587.42 $481.60 $0.00 $817.52 $145,886.54
178 $145,886.54 $481.60 $0.00 $824.86 $147,193.00
179 $147,193.00 $481.60 $0.00 $832.25 $148,506.85
180 $148,506.85 $481.60 $0.00 $839.68 $149,828.13
181 $149,828.13 $481.60 $0.00 $847.15 $151,156.88
182 $151,156.88 $481.60 $0.00 $854.66 $152,493.14
183 $152,493.14 $481.60 $0.00 $862.22 $153,836.96
184 $153,836.96 $481.60 $0.00 $869.82 $155,188.38
185 $155,188.38 $481.60 $0.00 $877.46 $156,547.44
186 $156,547.44 $481.60 $0.00 $885.14 $157,914.18
187 $157,914.18 $481.60 $0.00 $892.87 $159,288.65
188 $159,288.65 $481.60 $0.00 $900.64 $160,670.89
189 $160,670.89 $481.60 $0.00 $908.46 $162,060.95
190 $162,060.95 $481.60 $0.00 $916.32 $163,458.87
191 $163,458.87 $481.60 $0.00 $924.22 $164,864.69
192 $164,864.69 $481.60 $0.00 $932.17 $166,278.46
193 $166,278.46 $481.60 $0.00 $940.16 $167,700.22
194 $167,700.22 $481.60 $0.00 $948.20 $169,130.02
195 $169,130.02 $481.60 $0.00 $956.29 $170,567.91
196 $170,567.91 $481.60 $0.00 $964.42 $172,013.93
197 $172,013.93 $481.60 $0.00 $972.59 $173,468.12
198 $173,468.12 $481.60 $0.00 $980.81 $174,930.53
199 $174,930.53 $481.60 $0.00 $989.08 $176,401.21
200 $176,401.21 $481.60 $0.00 $997.40 $177,880.21
201 $177,880.21 $481.60 $0.00 $1,005.76 $179,367.57
202 $179,367.57 $481.60 $0.00 $1,014.17 $180,863.34
203 $180,863.34 $481.60 $0.00 $1,022.63 $182,367.57
204 $182,367.57 $481.60 $0.00 $1,031.13 $183,880.30
205 $183,880.30 $481.60 $0.00 $1,039.69 $185,401.59
206 $185,401.59 $481.60 $0.00 $1,048.29 $186,931.48
207 $186,931.48 $481.60 $0.00 $1,056.94 $188,470.02
208 $188,470.02 $481.60 $0.00 $1,065.64 $190,017.26
209 $190,017.26 $481.60 $0.00 $1,074.39 $191,573.25
210 $191,573.25 $481.60 $0.00 $1,083.18 $193,138.03
211 $193,138.03 $481.60 $0.00 $1,092.03 $194,711.66
212 $194,711.66 $481.60 $0.00 $1,100.93 $196,294.19
213 $196,294.19 $481.60 $0.00 $1,109.88 $197,885.67
214 $197,885.67 $481.60 $0.00 $1,118.87 $199,486.14
215 $199,486.14 $481.60 $0.00 $1,127.92 $201,095.66
216 $201,095.66 $481.60 $0.00 $1,137.02 $202,714.28
217 $202,714.28 $481.60 $56,461.69 $1,146.18 $147,880.37
218 $147,880.37 $481.60 $0.00 $836.14 $149,198.11
219 $149,198.11 $481.60 $0.00 $843.59 $150,523.30
220 $150,523.30 $481.60 $0.00 $851.08 $151,855.98
221 $151,855.98 $481.60 $0.00 $858.62 $153,196.20
222 $153,196.20 $481.60 $0.00 $866.19 $154,543.99
223 $154,543.99 $481.60 $0.00 $873.81 $155,899.40
224 $155,899.40 $481.60 $0.00 $881.48 $157,262.48
225 $157,262.48 $481.60 $0.00 $889.18 $158,633.26
226 $158,633.26 $481.60 $0.00 $896.94 $160,011.80
227 $160,011.80 $481.60 $0.00 $904.73 $161,398.13
228 $161,398.13 $481.60 $0.00 $912.57 $162,792.30
229 $162,792.30 $481.60 $59,284.78 $920.45 $104,909.57
230 $104,909.57 $481.60 $0.00 $593.17 $105,984.34
231 $105,984.34 $481.60 $0.00 $599.25 $107,065.19
232 $107,065.19 $481.60 $0.00 $605.36 $108,152.15
233 $108,152.15 $481.60 $0.00 $611.51 $109,245.26
234 $109,245.26 $481.60 $0.00 $617.69 $110,344.55
235 $110,344.55 $481.60 $0.00 $623.90 $111,450.05
236 $111,450.05 $481.60 $0.00 $630.15 $112,561.80
237 $112,561.80 $481.60 $0.00 $636.44 $113,679.84
238 $113,679.84 $481.60 $0.00 $642.76 $114,804.20
239 $114,804.20 $481.60 $0.00 $649.12 $115,934.92
240 $115,934.92 $481.60 $0.00 $655.51 $117,072.03
241 $117,072.03 $481.60 $62,249.02 $661.94 $55,966.55
242 $55,966.55 $481.60 $0.00 $316.44 $56,764.59
243 $56,764.59 $481.60 $0.00 $320.96 $57,567.15
244 $57,567.15 $481.60 $0.00 $325.49 $58,374.24
245 $58,374.24 $481.60 $0.00 $330.06 $59,185.90
246 $59,185.90 $481.60 $0.00 $334.65 $60,002.15
247 $60,002.15 $481.60 $0.00 $339.26 $60,823.01
248 $60,823.01 $481.60 $0.00 $343.90 $61,648.51
249 $61,648.51 $481.60 $0.00 $348.57 $62,478.68
250 $62,478.68 $481.60 $0.00 $353.26 $63,313.54
251 $63,313.54 $481.60 $0.00 $357.98 $64,153.12
252 $64,153.12 $481.60 $0.00 $362.73 $64,997.45
253 $64,997.45 $0.00 $65,361.47 $367.51 $3.49