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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$81,183
Monthly savings required$643

How much will it cost to send your child to City College Miami in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $324,731.81 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $642.64 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$31,306.00
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 $642.64 $0.00 $0.00 $642.64
2 $642.64 $642.64 $0.00 $3.63 $1,288.91
3 $1,288.91 $642.64 $0.00 $7.29 $1,938.84
4 $1,938.84 $642.64 $0.00 $10.96 $2,592.44
5 $2,592.44 $642.64 $0.00 $14.66 $3,249.74
6 $3,249.74 $642.64 $0.00 $18.37 $3,910.75
7 $3,910.75 $642.64 $0.00 $22.11 $4,575.50
8 $4,575.50 $642.64 $0.00 $25.87 $5,244.01
9 $5,244.01 $642.64 $0.00 $29.65 $5,916.30
10 $5,916.30 $642.64 $0.00 $33.45 $6,592.39
11 $6,592.39 $642.64 $0.00 $37.27 $7,272.30
12 $7,272.30 $642.64 $0.00 $41.12 $7,956.06
13 $7,956.06 $642.64 $0.00 $44.98 $8,643.68
14 $8,643.68 $642.64 $0.00 $48.87 $9,335.19
15 $9,335.19 $642.64 $0.00 $52.78 $10,030.61
16 $10,030.61 $642.64 $0.00 $56.71 $10,729.96
17 $10,729.96 $642.64 $0.00 $60.67 $11,433.27
18 $11,433.27 $642.64 $0.00 $64.65 $12,140.56
19 $12,140.56 $642.64 $0.00 $68.64 $12,851.84
20 $12,851.84 $642.64 $0.00 $72.67 $13,567.15
21 $13,567.15 $642.64 $0.00 $76.71 $14,286.50
22 $14,286.50 $642.64 $0.00 $80.78 $15,009.92
23 $15,009.92 $642.64 $0.00 $84.87 $15,737.43
24 $15,737.43 $642.64 $0.00 $88.98 $16,469.05
25 $16,469.05 $642.64 $0.00 $93.12 $17,204.81
26 $17,204.81 $642.64 $0.00 $97.28 $17,944.73
27 $17,944.73 $642.64 $0.00 $101.46 $18,688.83
28 $18,688.83 $642.64 $0.00 $105.67 $19,437.14
29 $19,437.14 $642.64 $0.00 $109.90 $20,189.68
30 $20,189.68 $642.64 $0.00 $114.16 $20,946.48
31 $20,946.48 $642.64 $0.00 $118.43 $21,707.55
32 $21,707.55 $642.64 $0.00 $122.74 $22,472.93
33 $22,472.93 $642.64 $0.00 $127.07 $23,242.64
34 $23,242.64 $642.64 $0.00 $131.42 $24,016.70
35 $24,016.70 $642.64 $0.00 $135.79 $24,795.13
36 $24,795.13 $642.64 $0.00 $140.20 $25,577.97
37 $25,577.97 $642.64 $0.00 $144.62 $26,365.23
38 $26,365.23 $642.64 $0.00 $149.07 $27,156.94
39 $27,156.94 $642.64 $0.00 $153.55 $27,953.13
40 $27,953.13 $642.64 $0.00 $158.05 $28,753.82
41 $28,753.82 $642.64 $0.00 $162.58 $29,559.04
42 $29,559.04 $642.64 $0.00 $167.13 $30,368.81
43 $30,368.81 $642.64 $0.00 $171.71 $31,183.16
44 $31,183.16 $642.64 $0.00 $176.31 $32,002.11
45 $32,002.11 $642.64 $0.00 $180.94 $32,825.69
46 $32,825.69 $642.64 $0.00 $185.60 $33,653.93
47 $33,653.93 $642.64 $0.00 $190.28 $34,486.85
48 $34,486.85 $642.64 $0.00 $194.99 $35,324.48
49 $35,324.48 $642.64 $0.00 $199.73 $36,166.85
50 $36,166.85 $642.64 $0.00 $204.49 $37,013.98
51 $37,013.98 $642.64 $0.00 $209.28 $37,865.90
52 $37,865.90 $642.64 $0.00 $214.10 $38,722.64
53 $38,722.64 $642.64 $0.00 $218.94 $39,584.22
54 $39,584.22 $642.64 $0.00 $223.81 $40,450.67
55 $40,450.67 $642.64 $0.00 $228.71 $41,322.02
56 $41,322.02 $642.64 $0.00 $233.64 $42,198.30
57 $42,198.30 $642.64 $0.00 $238.60 $43,079.54
58 $43,079.54 $642.64 $0.00 $243.58 $43,965.76
59 $43,965.76 $642.64 $0.00 $248.59 $44,856.99
60 $44,856.99 $642.64 $0.00 $253.63 $45,753.26
61 $45,753.26 $642.64 $0.00 $258.70 $46,654.60
62 $46,654.60 $642.64 $0.00 $263.79 $47,561.03
63 $47,561.03 $642.64 $0.00 $268.92 $48,472.59
64 $48,472.59 $642.64 $0.00 $274.07 $49,389.30
65 $49,389.30 $642.64 $0.00 $279.25 $50,311.19
66 $50,311.19 $642.64 $0.00 $284.47 $51,238.30
67 $51,238.30 $642.64 $0.00 $289.71 $52,170.65
68 $52,170.65 $642.64 $0.00 $294.98 $53,108.27
69 $53,108.27 $642.64 $0.00 $300.28 $54,051.19
70 $54,051.19 $642.64 $0.00 $305.61 $54,999.44
71 $54,999.44 $642.64 $0.00 $310.97 $55,953.05
72 $55,953.05 $642.64 $0.00 $316.37 $56,912.06
73 $56,912.06 $642.64 $0.00 $321.79 $57,876.49
74 $57,876.49 $642.64 $0.00 $327.24 $58,846.37
75 $58,846.37 $642.64 $0.00 $332.73 $59,821.74
76 $59,821.74 $642.64 $0.00 $338.24 $60,802.62
77 $60,802.62 $642.64 $0.00 $343.79 $61,789.05
78 $61,789.05 $642.64 $0.00 $349.36 $62,781.05
79 $62,781.05 $642.64 $0.00 $354.97 $63,778.66
80 $63,778.66 $642.64 $0.00 $360.61 $64,781.91
81 $64,781.91 $642.64 $0.00 $366.29 $65,790.84
82 $65,790.84 $642.64 $0.00 $371.99 $66,805.47
83 $66,805.47 $642.64 $0.00 $377.73 $67,825.84
84 $67,825.84 $642.64 $0.00 $383.50 $68,851.98
85 $68,851.98 $642.64 $0.00 $389.30 $69,883.92
86 $69,883.92 $642.64 $0.00 $395.13 $70,921.69
87 $70,921.69 $642.64 $0.00 $401.00 $71,965.33
88 $71,965.33 $642.64 $0.00 $406.90 $73,014.87
89 $73,014.87 $642.64 $0.00 $412.84 $74,070.35
90 $74,070.35 $642.64 $0.00 $418.80 $75,131.79
91 $75,131.79 $642.64 $0.00 $424.81 $76,199.24
92 $76,199.24 $642.64 $0.00 $430.84 $77,272.72
93 $77,272.72 $642.64 $0.00 $436.91 $78,352.27
94 $78,352.27 $642.64 $0.00 $443.02 $79,437.93
95 $79,437.93 $642.64 $0.00 $449.15 $80,529.72
96 $80,529.72 $642.64 $0.00 $455.33 $81,627.69
97 $81,627.69 $642.64 $0.00 $461.53 $82,731.86
98 $82,731.86 $642.64 $0.00 $467.78 $83,842.28
99 $83,842.28 $642.64 $0.00 $474.06 $84,958.98
100 $84,958.98 $642.64 $0.00 $480.37 $86,081.99
101 $86,081.99 $642.64 $0.00 $486.72 $87,211.35
102 $87,211.35 $642.64 $0.00 $493.11 $88,347.10
103 $88,347.10 $642.64 $0.00 $499.53 $89,489.27
104 $89,489.27 $642.64 $0.00 $505.99 $90,637.90
105 $90,637.90 $642.64 $0.00 $512.48 $91,793.02
106 $91,793.02 $642.64 $0.00 $519.01 $92,954.67
107 $92,954.67 $642.64 $0.00 $525.58 $94,122.89
108 $94,122.89 $642.64 $0.00 $532.18 $95,297.71
109 $95,297.71 $642.64 $0.00 $538.83 $96,479.18
110 $96,479.18 $642.64 $0.00 $545.51 $97,667.33
111 $97,667.33 $642.64 $0.00 $552.23 $98,862.20
112 $98,862.20 $642.64 $0.00 $558.98 $100,063.82
113 $100,063.82 $642.64 $0.00 $565.78 $101,272.24
114 $101,272.24 $642.64 $0.00 $572.61 $102,487.49
115 $102,487.49 $642.64 $0.00 $579.48 $103,709.61
116 $103,709.61 $642.64 $0.00 $586.39 $104,938.64
117 $104,938.64 $642.64 $0.00 $593.34 $106,174.62
118 $106,174.62 $642.64 $0.00 $600.33 $107,417.59
119 $107,417.59 $642.64 $0.00 $607.35 $108,667.58
120 $108,667.58 $642.64 $0.00 $614.42 $109,924.64
121 $109,924.64 $642.64 $0.00 $621.53 $111,188.81
122 $111,188.81 $642.64 $0.00 $628.68 $112,460.13
123 $112,460.13 $642.64 $0.00 $635.87 $113,738.64
124 $113,738.64 $642.64 $0.00 $643.09 $115,024.37
125 $115,024.37 $642.64 $0.00 $650.36 $116,317.37
126 $116,317.37 $642.64 $0.00 $657.68 $117,617.69
127 $117,617.69 $642.64 $0.00 $665.03 $118,925.36
128 $118,925.36 $642.64 $0.00 $672.42 $120,240.42
129 $120,240.42 $642.64 $0.00 $679.86 $121,562.92
130 $121,562.92 $642.64 $0.00 $687.33 $122,892.89
131 $122,892.89 $642.64 $0.00 $694.85 $124,230.38
132 $124,230.38 $642.64 $0.00 $702.42 $125,575.44
133 $125,575.44 $642.64 $0.00 $710.02 $126,928.10
134 $126,928.10 $642.64 $0.00 $717.67 $128,288.41
135 $128,288.41 $642.64 $0.00 $725.36 $129,656.41
136 $129,656.41 $642.64 $0.00 $733.10 $131,032.15
137 $131,032.15 $642.64 $0.00 $740.87 $132,415.66
138 $132,415.66 $642.64 $0.00 $748.70 $133,807.00
139 $133,807.00 $642.64 $0.00 $756.56 $135,206.20
140 $135,206.20 $642.64 $0.00 $764.48 $136,613.32
141 $136,613.32 $642.64 $0.00 $772.43 $138,028.39
142 $138,028.39 $642.64 $0.00 $780.43 $139,451.46
143 $139,451.46 $642.64 $0.00 $788.48 $140,882.58
144 $140,882.58 $642.64 $0.00 $796.57 $142,321.79
145 $142,321.79 $642.64 $0.00 $804.71 $143,769.14
146 $143,769.14 $642.64 $0.00 $812.89 $145,224.67
147 $145,224.67 $642.64 $0.00 $821.12 $146,688.43
148 $146,688.43 $642.64 $0.00 $829.40 $148,160.47
149 $148,160.47 $642.64 $0.00 $837.72 $149,640.83
150 $149,640.83 $642.64 $0.00 $846.09 $151,129.56
151 $151,129.56 $642.64 $0.00 $854.51 $152,626.71
152 $152,626.71 $642.64 $0.00 $862.97 $154,132.32
153 $154,132.32 $642.64 $0.00 $871.49 $155,646.45
154 $155,646.45 $642.64 $0.00 $880.05 $157,169.14
155 $157,169.14 $642.64 $0.00 $888.66 $158,700.44
156 $158,700.44 $642.64 $0.00 $897.32 $160,240.40
157 $160,240.40 $642.64 $0.00 $906.02 $161,789.06
158 $161,789.06 $642.64 $0.00 $914.78 $163,346.48
159 $163,346.48 $642.64 $0.00 $923.58 $164,912.70
160 $164,912.70 $642.64 $0.00 $932.44 $166,487.78
161 $166,487.78 $642.64 $0.00 $941.35 $168,071.77
162 $168,071.77 $642.64 $0.00 $950.30 $169,664.71
163 $169,664.71 $642.64 $0.00 $959.31 $171,266.66
164 $171,266.66 $642.64 $0.00 $968.37 $172,877.67
165 $172,877.67 $642.64 $0.00 $977.48 $174,497.79
166 $174,497.79 $642.64 $0.00 $986.64 $176,127.07
167 $176,127.07 $642.64 $0.00 $995.85 $177,765.56
168 $177,765.56 $642.64 $0.00 $1,005.11 $179,413.31
169 $179,413.31 $642.64 $0.00 $1,014.43 $181,070.38
170 $181,070.38 $642.64 $0.00 $1,023.80 $182,736.82
171 $182,736.82 $642.64 $0.00 $1,033.22 $184,412.68
172 $184,412.68 $642.64 $0.00 $1,042.70 $186,098.02
173 $186,098.02 $642.64 $0.00 $1,052.23 $187,792.89
174 $187,792.89 $642.64 $0.00 $1,061.81 $189,497.34
175 $189,497.34 $642.64 $0.00 $1,071.45 $191,211.43
176 $191,211.43 $642.64 $0.00 $1,081.14 $192,935.21
177 $192,935.21 $642.64 $0.00 $1,090.88 $194,668.73
178 $194,668.73 $642.64 $0.00 $1,100.69 $196,412.06
179 $196,412.06 $642.64 $0.00 $1,110.54 $198,165.24
180 $198,165.24 $642.64 $0.00 $1,120.46 $199,928.34
181 $199,928.34 $642.64 $0.00 $1,130.42 $201,701.40
182 $201,701.40 $642.64 $0.00 $1,140.45 $203,484.49
183 $203,484.49 $642.64 $0.00 $1,150.53 $205,277.66
184 $205,277.66 $642.64 $0.00 $1,160.67 $207,080.97
185 $207,080.97 $642.64 $0.00 $1,170.87 $208,894.48
186 $208,894.48 $642.64 $0.00 $1,181.12 $210,718.24
187 $210,718.24 $642.64 $0.00 $1,191.43 $212,552.31
188 $212,552.31 $642.64 $0.00 $1,201.80 $214,396.75
189 $214,396.75 $642.64 $0.00 $1,212.23 $216,251.62
190 $216,251.62 $642.64 $0.00 $1,222.72 $218,116.98
191 $218,116.98 $642.64 $0.00 $1,233.27 $219,992.89
192 $219,992.89 $642.64 $0.00 $1,243.87 $221,879.40
193 $221,879.40 $642.64 $0.00 $1,254.54 $223,776.58
194 $223,776.58 $642.64 $0.00 $1,265.27 $225,684.49
195 $225,684.49 $642.64 $0.00 $1,276.05 $227,603.18
196 $227,603.18 $642.64 $0.00 $1,286.90 $229,532.72
197 $229,532.72 $642.64 $0.00 $1,297.81 $231,473.17
198 $231,473.17 $642.64 $0.00 $1,308.78 $233,424.59
199 $233,424.59 $642.64 $0.00 $1,319.82 $235,387.05
200 $235,387.05 $642.64 $0.00 $1,330.91 $237,360.60
201 $237,360.60 $642.64 $0.00 $1,342.07 $239,345.31
202 $239,345.31 $642.64 $0.00 $1,353.29 $241,341.24
203 $241,341.24 $642.64 $0.00 $1,364.58 $243,348.46
204 $243,348.46 $642.64 $0.00 $1,375.93 $245,367.03
205 $245,367.03 $642.64 $0.00 $1,387.34 $247,397.01
206 $247,397.01 $642.64 $0.00 $1,398.82 $249,438.47
207 $249,438.47 $642.64 $0.00 $1,410.36 $251,491.47
208 $251,491.47 $642.64 $0.00 $1,421.97 $253,556.08
209 $253,556.08 $642.64 $0.00 $1,433.64 $255,632.36
210 $255,632.36 $642.64 $0.00 $1,445.38 $257,720.38
211 $257,720.38 $642.64 $0.00 $1,457.19 $259,820.21
212 $259,820.21 $642.64 $0.00 $1,469.06 $261,931.91
213 $261,931.91 $642.64 $0.00 $1,481.00 $264,055.55
214 $264,055.55 $642.64 $0.00 $1,493.01 $266,191.20
215 $266,191.20 $642.64 $0.00 $1,505.08 $268,338.92
216 $268,338.92 $642.64 $0.00 $1,517.23 $270,498.79
217 $270,498.79 $642.64 $75,341.62 $1,529.44 $197,329.25
218 $197,329.25 $642.64 $0.00 $1,115.73 $199,087.62
219 $199,087.62 $642.64 $0.00 $1,125.67 $200,855.93
220 $200,855.93 $642.64 $0.00 $1,135.67 $202,634.24
221 $202,634.24 $642.64 $0.00 $1,145.72 $204,422.60
222 $204,422.60 $642.64 $0.00 $1,155.84 $206,221.08
223 $206,221.08 $642.64 $0.00 $1,166.00 $208,029.72
224 $208,029.72 $642.64 $0.00 $1,176.23 $209,848.59
225 $209,848.59 $642.64 $0.00 $1,186.51 $211,677.74
226 $211,677.74 $642.64 $0.00 $1,196.86 $213,517.24
227 $213,517.24 $642.64 $0.00 $1,207.26 $215,367.14
228 $215,367.14 $642.64 $0.00 $1,217.72 $217,227.50
229 $217,227.50 $642.64 $79,108.70 $1,228.24 $139,989.68
230 $139,989.68 $642.64 $0.00 $791.52 $141,423.84
231 $141,423.84 $642.64 $0.00 $799.63 $142,866.11
232 $142,866.11 $642.64 $0.00 $807.79 $144,316.54
233 $144,316.54 $642.64 $0.00 $815.99 $145,775.17
234 $145,775.17 $642.64 $0.00 $824.23 $147,242.04
235 $147,242.04 $642.64 $0.00 $832.53 $148,717.21
236 $148,717.21 $642.64 $0.00 $840.87 $150,200.72
237 $150,200.72 $642.64 $0.00 $849.26 $151,692.62
238 $151,692.62 $642.64 $0.00 $857.69 $153,192.95
239 $153,192.95 $642.64 $0.00 $866.18 $154,701.77
240 $154,701.77 $642.64 $0.00 $874.71 $156,219.12
241 $156,219.12 $642.64 $83,064.14 $883.29 $74,680.91
242 $74,680.91 $642.64 $0.00 $422.26 $75,745.81
243 $75,745.81 $642.64 $0.00 $428.28 $76,816.73
244 $76,816.73 $642.64 $0.00 $434.33 $77,893.70
245 $77,893.70 $642.64 $0.00 $440.42 $78,976.76
246 $78,976.76 $642.64 $0.00 $446.55 $80,065.95
247 $80,065.95 $642.64 $0.00 $452.70 $81,161.29
248 $81,161.29 $642.64 $0.00 $458.90 $82,262.83
249 $82,262.83 $642.64 $0.00 $465.13 $83,370.60
250 $83,370.60 $642.64 $0.00 $471.39 $84,484.63
251 $84,484.63 $642.64 $0.00 $477.69 $85,604.96
252 $85,604.96 $642.64 $0.00 $484.02 $86,731.62
253 $86,731.62 $0.00 $87,217.34 $490.39 $4.67