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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2036$36,297
Monthly savings required$287

How much will it cost to send your child to Broward College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $145,188.50 for students enrolling in 2036 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $287.32 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$13,997.00
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 $287.32 $0.00 $0.00 $287.32
2 $287.32 $287.32 $0.00 $1.62 $576.26
3 $576.26 $287.32 $0.00 $3.26 $866.84
4 $866.84 $287.32 $0.00 $4.90 $1,159.06
5 $1,159.06 $287.32 $0.00 $6.55 $1,452.93
6 $1,452.93 $287.32 $0.00 $8.22 $1,748.47
7 $1,748.47 $287.32 $0.00 $9.89 $2,045.68
8 $2,045.68 $287.32 $0.00 $11.57 $2,344.57
9 $2,344.57 $287.32 $0.00 $13.26 $2,645.15
10 $2,645.15 $287.32 $0.00 $14.96 $2,947.43
11 $2,947.43 $287.32 $0.00 $16.67 $3,251.42
12 $3,251.42 $287.32 $0.00 $18.38 $3,557.12
13 $3,557.12 $287.32 $0.00 $20.11 $3,864.55
14 $3,864.55 $287.32 $0.00 $21.85 $4,173.72
15 $4,173.72 $287.32 $0.00 $23.60 $4,484.64
16 $4,484.64 $287.32 $0.00 $25.36 $4,797.32
17 $4,797.32 $287.32 $0.00 $27.12 $5,111.76
18 $5,111.76 $287.32 $0.00 $28.90 $5,427.98
19 $5,427.98 $287.32 $0.00 $30.69 $5,745.99
20 $5,745.99 $287.32 $0.00 $32.49 $6,065.80
21 $6,065.80 $287.32 $0.00 $34.30 $6,387.42
22 $6,387.42 $287.32 $0.00 $36.12 $6,710.86
23 $6,710.86 $287.32 $0.00 $37.94 $7,036.12
24 $7,036.12 $287.32 $0.00 $39.78 $7,363.22
25 $7,363.22 $287.32 $0.00 $41.63 $7,692.17
26 $7,692.17 $287.32 $0.00 $43.49 $8,022.98
27 $8,022.98 $287.32 $0.00 $45.36 $8,355.66
28 $8,355.66 $287.32 $0.00 $47.24 $8,690.22
29 $8,690.22 $287.32 $0.00 $49.14 $9,026.68
30 $9,026.68 $287.32 $0.00 $51.04 $9,365.04
31 $9,365.04 $287.32 $0.00 $52.95 $9,705.31
32 $9,705.31 $287.32 $0.00 $54.88 $10,047.51
33 $10,047.51 $287.32 $0.00 $56.81 $10,391.64
34 $10,391.64 $287.32 $0.00 $58.76 $10,737.72
35 $10,737.72 $287.32 $0.00 $60.71 $11,085.75
36 $11,085.75 $287.32 $0.00 $62.68 $11,435.75
37 $11,435.75 $287.32 $0.00 $64.66 $11,787.73
38 $11,787.73 $287.32 $0.00 $66.65 $12,141.70
39 $12,141.70 $287.32 $0.00 $68.65 $12,497.67
40 $12,497.67 $287.32 $0.00 $70.66 $12,855.65
41 $12,855.65 $287.32 $0.00 $72.69 $13,215.66
42 $13,215.66 $287.32 $0.00 $74.72 $13,577.70
43 $13,577.70 $287.32 $0.00 $76.77 $13,941.79
44 $13,941.79 $287.32 $0.00 $78.83 $14,307.94
45 $14,307.94 $287.32 $0.00 $80.90 $14,676.16
46 $14,676.16 $287.32 $0.00 $82.98 $15,046.46
47 $15,046.46 $287.32 $0.00 $85.07 $15,418.85
48 $15,418.85 $287.32 $0.00 $87.18 $15,793.35
49 $15,793.35 $287.32 $0.00 $89.30 $16,169.97
50 $16,169.97 $287.32 $0.00 $91.43 $16,548.72
51 $16,548.72 $287.32 $0.00 $93.57 $16,929.61
52 $16,929.61 $287.32 $0.00 $95.72 $17,312.65
53 $17,312.65 $287.32 $0.00 $97.89 $17,697.86
54 $17,697.86 $287.32 $0.00 $100.07 $18,085.25
55 $18,085.25 $287.32 $0.00 $102.26 $18,474.83
56 $18,474.83 $287.32 $0.00 $104.46 $18,866.61
57 $18,866.61 $287.32 $0.00 $106.67 $19,260.60
58 $19,260.60 $287.32 $0.00 $108.90 $19,656.82
59 $19,656.82 $287.32 $0.00 $111.14 $20,055.28
60 $20,055.28 $287.32 $0.00 $113.40 $20,456.00
61 $20,456.00 $287.32 $0.00 $115.66 $20,858.98
62 $20,858.98 $287.32 $0.00 $117.94 $21,264.24
63 $21,264.24 $287.32 $0.00 $120.23 $21,671.79
64 $21,671.79 $287.32 $0.00 $122.54 $22,081.65
65 $22,081.65 $287.32 $0.00 $124.85 $22,493.82
66 $22,493.82 $287.32 $0.00 $127.18 $22,908.32
67 $22,908.32 $287.32 $0.00 $129.53 $23,325.17
68 $23,325.17 $287.32 $0.00 $131.88 $23,744.37
69 $23,744.37 $287.32 $0.00 $134.25 $24,165.94
70 $24,165.94 $287.32 $0.00 $136.64 $24,589.90
71 $24,589.90 $287.32 $0.00 $139.03 $25,016.25
72 $25,016.25 $287.32 $0.00 $141.45 $25,445.02
73 $25,445.02 $287.32 $0.00 $143.87 $25,876.21
74 $25,876.21 $287.32 $0.00 $146.31 $26,309.84
75 $26,309.84 $287.32 $0.00 $148.76 $26,745.92
76 $26,745.92 $287.32 $0.00 $151.23 $27,184.47
77 $27,184.47 $287.32 $0.00 $153.70 $27,625.49
78 $27,625.49 $287.32 $0.00 $156.20 $28,069.01
79 $28,069.01 $287.32 $0.00 $158.71 $28,515.04
80 $28,515.04 $287.32 $0.00 $161.23 $28,963.59
81 $28,963.59 $287.32 $0.00 $163.76 $29,414.67
82 $29,414.67 $287.32 $0.00 $166.31 $29,868.30
83 $29,868.30 $287.32 $0.00 $168.88 $30,324.50
84 $30,324.50 $287.32 $0.00 $171.46 $30,783.28
85 $30,783.28 $287.32 $0.00 $174.05 $31,244.65
86 $31,244.65 $287.32 $0.00 $176.66 $31,708.63
87 $31,708.63 $287.32 $0.00 $179.29 $32,175.24
88 $32,175.24 $287.32 $0.00 $181.92 $32,644.48
89 $32,644.48 $287.32 $0.00 $184.58 $33,116.38
90 $33,116.38 $287.32 $0.00 $187.24 $33,590.94
91 $33,590.94 $287.32 $0.00 $189.93 $34,068.19
92 $34,068.19 $287.32 $0.00 $192.63 $34,548.14
93 $34,548.14 $287.32 $0.00 $195.34 $35,030.80
94 $35,030.80 $287.32 $0.00 $198.07 $35,516.19
95 $35,516.19 $287.32 $0.00 $200.81 $36,004.32
96 $36,004.32 $287.32 $0.00 $203.57 $36,495.21
97 $36,495.21 $287.32 $0.00 $206.35 $36,988.88
98 $36,988.88 $287.32 $0.00 $209.14 $37,485.34
99 $37,485.34 $287.32 $0.00 $211.95 $37,984.61
100 $37,984.61 $287.32 $0.00 $214.77 $38,486.70
101 $38,486.70 $287.32 $0.00 $217.61 $38,991.63
102 $38,991.63 $287.32 $0.00 $220.46 $39,499.41
103 $39,499.41 $287.32 $0.00 $223.34 $40,010.07
104 $40,010.07 $287.32 $0.00 $226.22 $40,523.61
105 $40,523.61 $287.32 $0.00 $229.13 $41,040.06
106 $41,040.06 $287.32 $0.00 $232.05 $41,559.43
107 $41,559.43 $287.32 $0.00 $234.98 $42,081.73
108 $42,081.73 $287.32 $0.00 $237.94 $42,606.99
109 $42,606.99 $287.32 $0.00 $240.91 $43,135.22
110 $43,135.22 $287.32 $0.00 $243.89 $43,666.43
111 $43,666.43 $287.32 $0.00 $246.90 $44,200.65
112 $44,200.65 $287.32 $0.00 $249.92 $44,737.89
113 $44,737.89 $287.32 $0.00 $252.95 $45,278.16
114 $45,278.16 $287.32 $0.00 $256.01 $45,821.49
115 $45,821.49 $287.32 $0.00 $259.08 $46,367.89
116 $46,367.89 $287.32 $0.00 $262.17 $46,917.38
117 $46,917.38 $287.32 $0.00 $265.28 $47,469.98
118 $47,469.98 $287.32 $0.00 $268.40 $48,025.70
119 $48,025.70 $287.32 $0.00 $271.54 $48,584.56
120 $48,584.56 $287.32 $0.00 $274.70 $49,146.58
121 $49,146.58 $287.32 $0.00 $277.88 $49,711.78
122 $49,711.78 $287.32 $0.00 $281.08 $50,280.18
123 $50,280.18 $287.32 $0.00 $284.29 $50,851.79
124 $50,851.79 $287.32 $0.00 $287.52 $51,426.63
125 $51,426.63 $287.32 $0.00 $290.77 $52,004.72
126 $52,004.72 $287.32 $0.00 $294.04 $52,586.08
127 $52,586.08 $287.32 $0.00 $297.33 $53,170.73
128 $53,170.73 $287.32 $0.00 $300.64 $53,758.69
129 $53,758.69 $287.32 $0.00 $303.96 $54,349.97
130 $54,349.97 $287.32 $0.00 $307.30 $54,944.59
131 $54,944.59 $287.32 $0.00 $310.66 $55,542.57
132 $55,542.57 $287.32 $0.00 $314.05 $56,143.94
133 $56,143.94 $287.32 $0.00 $317.45 $56,748.71
134 $56,748.71 $287.32 $0.00 $320.87 $57,356.90
135 $57,356.90 $287.32 $0.00 $324.30 $57,968.52
136 $57,968.52 $287.32 $0.00 $327.76 $58,583.60
137 $58,583.60 $287.32 $0.00 $331.24 $59,202.16
138 $59,202.16 $287.32 $0.00 $334.74 $59,824.22
139 $59,824.22 $287.32 $0.00 $338.25 $60,449.79
140 $60,449.79 $287.32 $0.00 $341.79 $61,078.90
141 $61,078.90 $287.32 $0.00 $345.35 $61,711.57
142 $61,711.57 $287.32 $0.00 $348.93 $62,347.82
143 $62,347.82 $287.32 $0.00 $352.52 $62,987.66
144 $62,987.66 $287.32 $0.00 $356.14 $63,631.12
145 $63,631.12 $287.32 $0.00 $359.78 $64,278.22
146 $64,278.22 $287.32 $0.00 $363.44 $64,928.98
147 $64,928.98 $287.32 $0.00 $367.12 $65,583.42
148 $65,583.42 $287.32 $0.00 $370.82 $66,241.56
149 $66,241.56 $287.32 $0.00 $374.54 $66,903.42
150 $66,903.42 $287.32 $0.00 $378.28 $67,569.02
151 $67,569.02 $287.32 $0.00 $382.05 $68,238.39
152 $68,238.39 $287.32 $0.00 $385.83 $68,911.54
153 $68,911.54 $287.32 $0.00 $389.64 $69,588.50
154 $69,588.50 $287.32 $0.00 $393.46 $70,269.28
155 $70,269.28 $287.32 $0.00 $397.31 $70,953.91
156 $70,953.91 $287.32 $0.00 $401.18 $71,642.41
157 $71,642.41 $287.32 $0.00 $405.08 $72,334.81
158 $72,334.81 $287.32 $0.00 $408.99 $73,031.12
159 $73,031.12 $287.32 $0.00 $412.93 $73,731.37
160 $73,731.37 $287.32 $0.00 $416.89 $74,435.58
161 $74,435.58 $287.32 $0.00 $420.87 $75,143.77
162 $75,143.77 $287.32 $0.00 $424.87 $75,855.96
163 $75,855.96 $287.32 $0.00 $428.90 $76,572.18
164 $76,572.18 $287.32 $0.00 $432.95 $77,292.45
165 $77,292.45 $287.32 $0.00 $437.02 $78,016.79
166 $78,016.79 $287.32 $0.00 $441.12 $78,745.23
167 $78,745.23 $287.32 $0.00 $445.24 $79,477.79
168 $79,477.79 $287.32 $0.00 $449.38 $80,214.49
169 $80,214.49 $287.32 $0.00 $453.54 $80,955.35
170 $80,955.35 $287.32 $0.00 $457.73 $81,700.40
171 $81,700.40 $287.32 $0.00 $461.95 $82,449.67
172 $82,449.67 $287.32 $0.00 $466.18 $83,203.17
173 $83,203.17 $287.32 $0.00 $470.44 $83,960.93
174 $83,960.93 $287.32 $0.00 $474.73 $84,722.98
175 $84,722.98 $287.32 $0.00 $479.04 $85,489.34
176 $85,489.34 $287.32 $0.00 $483.37 $86,260.03
177 $86,260.03 $287.32 $0.00 $487.73 $87,035.08
178 $87,035.08 $287.32 $0.00 $492.11 $87,814.51
179 $87,814.51 $287.32 $0.00 $496.52 $88,598.35
180 $88,598.35 $287.32 $0.00 $500.95 $89,386.62
181 $89,386.62 $287.32 $0.00 $505.40 $90,179.34
182 $90,179.34 $287.32 $0.00 $509.89 $90,976.55
183 $90,976.55 $287.32 $0.00 $514.39 $91,778.26
184 $91,778.26 $287.32 $0.00 $518.93 $92,584.51
185 $92,584.51 $287.32 $0.00 $523.49 $93,395.32
186 $93,395.32 $287.32 $0.00 $528.07 $94,210.71
187 $94,210.71 $287.32 $0.00 $532.68 $95,030.71
188 $95,030.71 $287.32 $0.00 $537.32 $95,855.35
189 $95,855.35 $287.32 $0.00 $541.98 $96,684.65
190 $96,684.65 $287.32 $0.00 $546.67 $97,518.64
191 $97,518.64 $287.32 $0.00 $551.38 $98,357.34
192 $98,357.34 $287.32 $0.00 $556.13 $99,200.79
193 $99,200.79 $287.32 $0.00 $560.90 $100,049.01
194 $100,049.01 $287.32 $0.00 $565.69 $100,902.02
195 $100,902.02 $287.32 $0.00 $570.51 $101,759.85
196 $101,759.85 $287.32 $0.00 $575.36 $102,622.53
197 $102,622.53 $287.32 $0.00 $580.24 $103,490.09
198 $103,490.09 $287.32 $0.00 $585.15 $104,362.56
199 $104,362.56 $287.32 $0.00 $590.08 $105,239.96
200 $105,239.96 $287.32 $0.00 $595.04 $106,122.32
201 $106,122.32 $287.32 $0.00 $600.03 $107,009.67
202 $107,009.67 $287.32 $0.00 $605.05 $107,902.04
203 $107,902.04 $287.32 $0.00 $610.09 $108,799.45
204 $108,799.45 $287.32 $0.00 $615.17 $109,701.94
205 $109,701.94 $287.32 $0.00 $620.27 $110,609.53
206 $110,609.53 $287.32 $0.00 $625.40 $111,522.25
207 $111,522.25 $287.32 $0.00 $630.56 $112,440.13
208 $112,440.13 $287.32 $0.00 $635.75 $113,363.20
209 $113,363.20 $287.32 $0.00 $640.97 $114,291.49
210 $114,291.49 $287.32 $0.00 $646.22 $115,225.03
211 $115,225.03 $287.32 $0.00 $651.50 $116,163.85
212 $116,163.85 $287.32 $0.00 $656.81 $117,107.98
213 $117,107.98 $287.32 $0.00 $662.15 $118,057.45
214 $118,057.45 $287.32 $0.00 $667.51 $119,012.28
215 $119,012.28 $287.32 $0.00 $672.91 $119,972.51
216 $119,972.51 $287.32 $0.00 $678.34 $120,938.17
217 $120,938.17 $287.32 $33,685.45 $683.80 $88,223.84
218 $88,223.84 $287.32 $0.00 $498.83 $89,009.99
219 $89,009.99 $287.32 $0.00 $503.28 $89,800.59
220 $89,800.59 $287.32 $0.00 $507.75 $90,595.66
221 $90,595.66 $287.32 $0.00 $512.24 $91,395.22
222 $91,395.22 $287.32 $0.00 $516.76 $92,199.30
223 $92,199.30 $287.32 $0.00 $521.31 $93,007.93
224 $93,007.93 $287.32 $0.00 $525.88 $93,821.13
225 $93,821.13 $287.32 $0.00 $530.48 $94,638.93
226 $94,638.93 $287.32 $0.00 $535.10 $95,461.35
227 $95,461.35 $287.32 $0.00 $539.75 $96,288.42
228 $96,288.42 $287.32 $0.00 $544.43 $97,120.17
229 $97,120.17 $287.32 $35,369.72 $549.13 $62,586.90
230 $62,586.90 $287.32 $0.00 $353.88 $63,228.10
231 $63,228.10 $287.32 $0.00 $357.50 $63,872.92
232 $63,872.92 $287.32 $0.00 $361.15 $64,521.39
233 $64,521.39 $287.32 $0.00 $364.81 $65,173.52
234 $65,173.52 $287.32 $0.00 $368.50 $65,829.34
235 $65,829.34 $287.32 $0.00 $372.21 $66,488.87
236 $66,488.87 $287.32 $0.00 $375.94 $67,152.13
237 $67,152.13 $287.32 $0.00 $379.69 $67,819.14
238 $67,819.14 $287.32 $0.00 $383.46 $68,489.92
239 $68,489.92 $287.32 $0.00 $387.25 $69,164.49
240 $69,164.49 $287.32 $0.00 $391.07 $69,842.88
241 $69,842.88 $287.32 $37,138.21 $394.90 $33,386.89
242 $33,386.89 $287.32 $0.00 $188.77 $33,862.98
243 $33,862.98 $287.32 $0.00 $191.47 $34,341.77
244 $34,341.77 $287.32 $0.00 $194.17 $34,823.26
245 $34,823.26 $287.32 $0.00 $196.90 $35,307.48
246 $35,307.48 $287.32 $0.00 $199.63 $35,794.43
247 $35,794.43 $287.32 $0.00 $202.39 $36,284.14
248 $36,284.14 $287.32 $0.00 $205.16 $36,776.62
249 $36,776.62 $287.32 $0.00 $207.94 $37,271.88
250 $37,271.88 $287.32 $0.00 $210.74 $37,769.94
251 $37,769.94 $287.32 $0.00 $213.56 $38,270.82
252 $38,270.82 $287.32 $0.00 $216.39 $38,774.53
253 $38,774.53 $0.00 $38,995.12 $219.24 ($1.35)