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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$32,975
Monthly savings required$261

How much will it cost to send your child to College of Central Florida in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $131,900.90 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $261.03 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$12,716.00
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 $261.03 $0.00 $0.00 $261.03
2 $261.03 $261.03 $0.00 $1.48 $523.54
3 $523.54 $261.03 $0.00 $2.96 $787.53
4 $787.53 $261.03 $0.00 $4.45 $1,053.01
5 $1,053.01 $261.03 $0.00 $5.95 $1,319.99
6 $1,319.99 $261.03 $0.00 $7.46 $1,588.48
7 $1,588.48 $261.03 $0.00 $8.98 $1,858.49
8 $1,858.49 $261.03 $0.00 $10.51 $2,130.03
9 $2,130.03 $261.03 $0.00 $12.04 $2,403.10
10 $2,403.10 $261.03 $0.00 $13.59 $2,677.72
11 $2,677.72 $261.03 $0.00 $15.14 $2,953.89
12 $2,953.89 $261.03 $0.00 $16.70 $3,231.62
13 $3,231.62 $261.03 $0.00 $18.27 $3,510.92
14 $3,510.92 $261.03 $0.00 $19.85 $3,791.80
15 $3,791.80 $261.03 $0.00 $21.44 $4,074.27
16 $4,074.27 $261.03 $0.00 $23.04 $4,358.34
17 $4,358.34 $261.03 $0.00 $24.64 $4,644.01
18 $4,644.01 $261.03 $0.00 $26.26 $4,931.30
19 $4,931.30 $261.03 $0.00 $27.88 $5,220.21
20 $5,220.21 $261.03 $0.00 $29.52 $5,510.76
21 $5,510.76 $261.03 $0.00 $31.16 $5,802.95
22 $5,802.95 $261.03 $0.00 $32.81 $6,096.79
23 $6,096.79 $261.03 $0.00 $34.47 $6,392.29
24 $6,392.29 $261.03 $0.00 $36.14 $6,689.46
25 $6,689.46 $261.03 $0.00 $37.82 $6,988.31
26 $6,988.31 $261.03 $0.00 $39.51 $7,288.85
27 $7,288.85 $261.03 $0.00 $41.21 $7,591.09
28 $7,591.09 $261.03 $0.00 $42.92 $7,895.04
29 $7,895.04 $261.03 $0.00 $44.64 $8,200.71
30 $8,200.71 $261.03 $0.00 $46.37 $8,508.11
31 $8,508.11 $261.03 $0.00 $48.11 $8,817.25
32 $8,817.25 $261.03 $0.00 $49.85 $9,128.13
33 $9,128.13 $261.03 $0.00 $51.61 $9,440.77
34 $9,440.77 $261.03 $0.00 $53.38 $9,755.18
35 $9,755.18 $261.03 $0.00 $55.16 $10,071.37
36 $10,071.37 $261.03 $0.00 $56.94 $10,389.34
37 $10,389.34 $261.03 $0.00 $58.74 $10,709.11
38 $10,709.11 $261.03 $0.00 $60.55 $11,030.69
39 $11,030.69 $261.03 $0.00 $62.37 $11,354.09
40 $11,354.09 $261.03 $0.00 $64.20 $11,679.32
41 $11,679.32 $261.03 $0.00 $66.04 $12,006.39
42 $12,006.39 $261.03 $0.00 $67.89 $12,335.31
43 $12,335.31 $261.03 $0.00 $69.75 $12,666.09
44 $12,666.09 $261.03 $0.00 $71.62 $12,998.74
45 $12,998.74 $261.03 $0.00 $73.50 $13,333.27
46 $13,333.27 $261.03 $0.00 $75.39 $13,669.69
47 $13,669.69 $261.03 $0.00 $77.29 $14,008.01
48 $14,008.01 $261.03 $0.00 $79.20 $14,348.24
49 $14,348.24 $261.03 $0.00 $81.13 $14,690.40
50 $14,690.40 $261.03 $0.00 $83.06 $15,034.49
51 $15,034.49 $261.03 $0.00 $85.01 $15,380.53
52 $15,380.53 $261.03 $0.00 $86.96 $15,728.52
53 $15,728.52 $261.03 $0.00 $88.93 $16,078.48
54 $16,078.48 $261.03 $0.00 $90.91 $16,430.42
55 $16,430.42 $261.03 $0.00 $92.90 $16,784.35
56 $16,784.35 $261.03 $0.00 $94.90 $17,140.28
57 $17,140.28 $261.03 $0.00 $96.91 $17,498.22
58 $17,498.22 $261.03 $0.00 $98.94 $17,858.19
59 $17,858.19 $261.03 $0.00 $100.97 $18,220.19
60 $18,220.19 $261.03 $0.00 $103.02 $18,584.24
61 $18,584.24 $261.03 $0.00 $105.08 $18,950.35
62 $18,950.35 $261.03 $0.00 $107.15 $19,318.53
63 $19,318.53 $261.03 $0.00 $109.23 $19,688.79
64 $19,688.79 $261.03 $0.00 $111.32 $20,061.14
65 $20,061.14 $261.03 $0.00 $113.43 $20,435.60
66 $20,435.60 $261.03 $0.00 $115.55 $20,812.18
67 $20,812.18 $261.03 $0.00 $117.68 $21,190.89
68 $21,190.89 $261.03 $0.00 $119.82 $21,571.74
69 $21,571.74 $261.03 $0.00 $121.97 $21,954.74
70 $21,954.74 $261.03 $0.00 $124.14 $22,339.91
71 $22,339.91 $261.03 $0.00 $126.31 $22,727.25
72 $22,727.25 $261.03 $0.00 $128.50 $23,116.78
73 $23,116.78 $261.03 $0.00 $130.71 $23,508.52
74 $23,508.52 $261.03 $0.00 $132.92 $23,902.47
75 $23,902.47 $261.03 $0.00 $135.15 $24,298.65
76 $24,298.65 $261.03 $0.00 $137.39 $24,697.07
77 $24,697.07 $261.03 $0.00 $139.64 $25,097.74
78 $25,097.74 $261.03 $0.00 $141.91 $25,500.68
79 $25,500.68 $261.03 $0.00 $144.18 $25,905.89
80 $25,905.89 $261.03 $0.00 $146.48 $26,313.40
81 $26,313.40 $261.03 $0.00 $148.78 $26,723.21
82 $26,723.21 $261.03 $0.00 $151.10 $27,135.34
83 $27,135.34 $261.03 $0.00 $153.43 $27,549.80
84 $27,549.80 $261.03 $0.00 $155.77 $27,966.60
85 $27,966.60 $261.03 $0.00 $158.13 $28,385.76
86 $28,385.76 $261.03 $0.00 $160.50 $28,807.29
87 $28,807.29 $261.03 $0.00 $162.88 $29,231.20
88 $29,231.20 $261.03 $0.00 $165.28 $29,657.51
89 $29,657.51 $261.03 $0.00 $167.69 $30,086.23
90 $30,086.23 $261.03 $0.00 $170.11 $30,517.37
91 $30,517.37 $261.03 $0.00 $172.55 $30,950.95
92 $30,950.95 $261.03 $0.00 $175.00 $31,386.98
93 $31,386.98 $261.03 $0.00 $177.47 $31,825.48
94 $31,825.48 $261.03 $0.00 $179.95 $32,266.46
95 $32,266.46 $261.03 $0.00 $182.44 $32,709.93
96 $32,709.93 $261.03 $0.00 $184.95 $33,155.91
97 $33,155.91 $261.03 $0.00 $187.47 $33,604.41
98 $33,604.41 $261.03 $0.00 $190.00 $34,055.44
99 $34,055.44 $261.03 $0.00 $192.55 $34,509.02
100 $34,509.02 $261.03 $0.00 $195.12 $34,965.17
101 $34,965.17 $261.03 $0.00 $197.70 $35,423.90
102 $35,423.90 $261.03 $0.00 $200.29 $35,885.22
103 $35,885.22 $261.03 $0.00 $202.90 $36,349.15
104 $36,349.15 $261.03 $0.00 $205.52 $36,815.70
105 $36,815.70 $261.03 $0.00 $208.16 $37,284.89
106 $37,284.89 $261.03 $0.00 $210.81 $37,756.73
107 $37,756.73 $261.03 $0.00 $213.48 $38,231.24
108 $38,231.24 $261.03 $0.00 $216.16 $38,708.43
109 $38,708.43 $261.03 $0.00 $218.86 $39,188.32
110 $39,188.32 $261.03 $0.00 $221.58 $39,670.93
111 $39,670.93 $261.03 $0.00 $224.31 $40,156.27
112 $40,156.27 $261.03 $0.00 $227.05 $40,644.35
113 $40,644.35 $261.03 $0.00 $229.81 $41,135.19
114 $41,135.19 $261.03 $0.00 $232.58 $41,628.80
115 $41,628.80 $261.03 $0.00 $235.38 $42,125.21
116 $42,125.21 $261.03 $0.00 $238.18 $42,624.42
117 $42,624.42 $261.03 $0.00 $241.00 $43,126.45
118 $43,126.45 $261.03 $0.00 $243.84 $43,631.32
119 $43,631.32 $261.03 $0.00 $246.70 $44,139.05
120 $44,139.05 $261.03 $0.00 $249.57 $44,649.65
121 $44,649.65 $261.03 $0.00 $252.46 $45,163.14
122 $45,163.14 $261.03 $0.00 $255.36 $45,679.53
123 $45,679.53 $261.03 $0.00 $258.28 $46,198.84
124 $46,198.84 $261.03 $0.00 $261.21 $46,721.08
125 $46,721.08 $261.03 $0.00 $264.17 $47,246.28
126 $47,246.28 $261.03 $0.00 $267.14 $47,774.45
127 $47,774.45 $261.03 $0.00 $270.12 $48,305.60
128 $48,305.60 $261.03 $0.00 $273.13 $48,839.76
129 $48,839.76 $261.03 $0.00 $276.15 $49,376.94
130 $49,376.94 $261.03 $0.00 $279.18 $49,917.15
131 $49,917.15 $261.03 $0.00 $282.24 $50,460.42
132 $50,460.42 $261.03 $0.00 $285.31 $51,006.76
133 $51,006.76 $261.03 $0.00 $288.40 $51,556.19
134 $51,556.19 $261.03 $0.00 $291.51 $52,108.73
135 $52,108.73 $261.03 $0.00 $294.63 $52,664.39
136 $52,664.39 $261.03 $0.00 $297.77 $53,223.19
137 $53,223.19 $261.03 $0.00 $300.93 $53,785.15
138 $53,785.15 $261.03 $0.00 $304.11 $54,350.29
139 $54,350.29 $261.03 $0.00 $307.30 $54,918.62
140 $54,918.62 $261.03 $0.00 $310.52 $55,490.17
141 $55,490.17 $261.03 $0.00 $313.75 $56,064.95
142 $56,064.95 $261.03 $0.00 $317.00 $56,642.98
143 $56,642.98 $261.03 $0.00 $320.27 $57,224.28
144 $57,224.28 $261.03 $0.00 $323.55 $57,808.86
145 $57,808.86 $261.03 $0.00 $326.86 $58,396.75
146 $58,396.75 $261.03 $0.00 $330.18 $58,987.96
147 $58,987.96 $261.03 $0.00 $333.53 $59,582.52
148 $59,582.52 $261.03 $0.00 $336.89 $60,180.44
149 $60,180.44 $261.03 $0.00 $340.27 $60,781.74
150 $60,781.74 $261.03 $0.00 $343.67 $61,386.44
151 $61,386.44 $261.03 $0.00 $347.09 $61,994.56
152 $61,994.56 $261.03 $0.00 $350.53 $62,606.12
153 $62,606.12 $261.03 $0.00 $353.98 $63,221.13
154 $63,221.13 $261.03 $0.00 $357.46 $63,839.62
155 $63,839.62 $261.03 $0.00 $360.96 $64,461.61
156 $64,461.61 $261.03 $0.00 $364.48 $65,087.12
157 $65,087.12 $261.03 $0.00 $368.01 $65,716.16
158 $65,716.16 $261.03 $0.00 $371.57 $66,348.76
159 $66,348.76 $261.03 $0.00 $375.15 $66,984.94
160 $66,984.94 $261.03 $0.00 $378.74 $67,624.71
161 $67,624.71 $261.03 $0.00 $382.36 $68,268.10
162 $68,268.10 $261.03 $0.00 $386.00 $68,915.13
163 $68,915.13 $261.03 $0.00 $389.66 $69,565.82
164 $69,565.82 $261.03 $0.00 $393.34 $70,220.19
165 $70,220.19 $261.03 $0.00 $397.04 $70,878.26
166 $70,878.26 $261.03 $0.00 $400.76 $71,540.05
167 $71,540.05 $261.03 $0.00 $404.50 $72,205.58
168 $72,205.58 $261.03 $0.00 $408.26 $72,874.87
169 $72,874.87 $261.03 $0.00 $412.05 $73,547.95
170 $73,547.95 $261.03 $0.00 $415.85 $74,224.83
171 $74,224.83 $261.03 $0.00 $419.68 $74,905.54
172 $74,905.54 $261.03 $0.00 $423.53 $75,590.10
173 $75,590.10 $261.03 $0.00 $427.40 $76,278.53
174 $76,278.53 $261.03 $0.00 $431.29 $76,970.85
175 $76,970.85 $261.03 $0.00 $435.20 $77,667.08
176 $77,667.08 $261.03 $0.00 $439.14 $78,367.25
177 $78,367.25 $261.03 $0.00 $443.10 $79,071.38
178 $79,071.38 $261.03 $0.00 $447.08 $79,779.49
179 $79,779.49 $261.03 $0.00 $451.08 $80,491.60
180 $80,491.60 $261.03 $0.00 $455.11 $81,207.74
181 $81,207.74 $261.03 $0.00 $459.16 $81,927.93
182 $81,927.93 $261.03 $0.00 $463.23 $82,652.19
183 $82,652.19 $261.03 $0.00 $467.33 $83,380.55
184 $83,380.55 $261.03 $0.00 $471.45 $84,113.03
185 $84,113.03 $261.03 $0.00 $475.59 $84,849.65
186 $84,849.65 $261.03 $0.00 $479.75 $85,590.43
187 $85,590.43 $261.03 $0.00 $483.94 $86,335.40
188 $86,335.40 $261.03 $0.00 $488.15 $87,084.58
189 $87,084.58 $261.03 $0.00 $492.39 $87,838.00
190 $87,838.00 $261.03 $0.00 $496.65 $88,595.68
191 $88,595.68 $261.03 $0.00 $500.93 $89,357.64
192 $89,357.64 $261.03 $0.00 $505.24 $90,123.91
193 $90,123.91 $261.03 $0.00 $509.57 $90,894.51
194 $90,894.51 $261.03 $0.00 $513.93 $91,669.47
195 $91,669.47 $261.03 $0.00 $518.31 $92,448.81
196 $92,448.81 $261.03 $0.00 $522.72 $93,232.56
197 $93,232.56 $261.03 $0.00 $527.15 $94,020.74
198 $94,020.74 $261.03 $0.00 $531.61 $94,813.38
199 $94,813.38 $261.03 $0.00 $536.09 $95,610.50
200 $95,610.50 $261.03 $0.00 $540.60 $96,412.13
201 $96,412.13 $261.03 $0.00 $545.13 $97,218.29
202 $97,218.29 $261.03 $0.00 $549.69 $98,029.01
203 $98,029.01 $261.03 $0.00 $554.27 $98,844.31
204 $98,844.31 $261.03 $0.00 $558.88 $99,664.22
205 $99,664.22 $261.03 $0.00 $563.52 $100,488.77
206 $100,488.77 $261.03 $0.00 $568.18 $101,317.98
207 $101,317.98 $261.03 $0.00 $572.87 $102,151.88
208 $102,151.88 $261.03 $0.00 $577.58 $102,990.49
209 $102,990.49 $261.03 $0.00 $582.32 $103,833.84
210 $103,833.84 $261.03 $0.00 $587.09 $104,681.96
211 $104,681.96 $261.03 $0.00 $591.89 $105,534.88
212 $105,534.88 $261.03 $0.00 $596.71 $106,392.62
213 $106,392.62 $261.03 $0.00 $601.56 $107,255.21
214 $107,255.21 $261.03 $0.00 $606.44 $108,122.68
215 $108,122.68 $261.03 $0.00 $611.34 $108,995.05
216 $108,995.05 $261.03 $0.00 $616.27 $109,872.35
217 $109,872.35 $261.03 $30,602.57 $621.23 $80,152.04
218 $80,152.04 $261.03 $0.00 $453.19 $80,866.26
219 $80,866.26 $261.03 $0.00 $457.23 $81,584.52
220 $81,584.52 $261.03 $0.00 $461.29 $82,306.84
221 $82,306.84 $261.03 $0.00 $465.37 $83,033.24
222 $83,033.24 $261.03 $0.00 $469.48 $83,763.75
223 $83,763.75 $261.03 $0.00 $473.61 $84,498.39
224 $84,498.39 $261.03 $0.00 $477.77 $85,237.19
225 $85,237.19 $261.03 $0.00 $481.94 $85,980.16
226 $85,980.16 $261.03 $0.00 $486.14 $86,727.33
227 $86,727.33 $261.03 $0.00 $490.37 $87,478.73
228 $87,478.73 $261.03 $0.00 $494.62 $88,234.38
229 $88,234.38 $261.03 $32,132.70 $498.89 $56,861.60
230 $56,861.60 $261.03 $0.00 $321.50 $57,444.13
231 $57,444.13 $261.03 $0.00 $324.80 $58,029.96
232 $58,029.96 $261.03 $0.00 $328.11 $58,619.10
233 $58,619.10 $261.03 $0.00 $331.44 $59,211.57
234 $59,211.57 $261.03 $0.00 $334.79 $59,807.39
235 $59,807.39 $261.03 $0.00 $338.16 $60,406.58
236 $60,406.58 $261.03 $0.00 $341.55 $61,009.16
237 $61,009.16 $261.03 $0.00 $344.95 $61,615.14
238 $61,615.14 $261.03 $0.00 $348.38 $62,224.55
239 $62,224.55 $261.03 $0.00 $351.83 $62,837.41
240 $62,837.41 $261.03 $0.00 $355.29 $63,453.73
241 $63,453.73 $261.03 $33,739.33 $358.78 $30,334.21
242 $30,334.21 $261.03 $0.00 $171.51 $30,766.75
243 $30,766.75 $261.03 $0.00 $173.96 $31,201.74
244 $31,201.74 $261.03 $0.00 $176.42 $31,639.19
245 $31,639.19 $261.03 $0.00 $178.89 $32,079.11
246 $32,079.11 $261.03 $0.00 $181.38 $32,521.52
247 $32,521.52 $261.03 $0.00 $183.88 $32,966.43
248 $32,966.43 $261.03 $0.00 $186.40 $33,413.86
249 $33,413.86 $261.03 $0.00 $188.93 $33,863.82
250 $33,863.82 $261.03 $0.00 $191.47 $34,316.32
251 $34,316.32 $261.03 $0.00 $194.03 $34,771.38
252 $34,771.38 $261.03 $0.00 $196.60 $35,229.01
253 $35,229.01 $0.00 $35,426.30 $199.19 $1.90