Savings Plan and Future Cost Estimation for Valencia College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$61,824
Monthly savings required$489

How much will it cost to send your child to Valencia College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $247,295.52 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $488.61 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$16,479.00
Years until enrollment18
Annual Tuition Increase7%
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 $488.61 $0.00 $0.00 $488.61
2 $488.61 $488.61 $0.00 $2.76 $979.98
3 $979.98 $488.61 $0.00 $5.54 $1,474.13
4 $1,474.13 $488.61 $0.00 $8.33 $1,971.07
5 $1,971.07 $488.61 $0.00 $11.14 $2,470.82
6 $2,470.82 $488.61 $0.00 $13.97 $2,973.40
7 $2,973.40 $488.61 $0.00 $16.81 $3,478.82
8 $3,478.82 $488.61 $0.00 $19.67 $3,987.10
9 $3,987.10 $488.61 $0.00 $22.54 $4,498.25
10 $4,498.25 $488.61 $0.00 $25.43 $5,012.29
11 $5,012.29 $488.61 $0.00 $28.34 $5,529.24
12 $5,529.24 $488.61 $0.00 $31.26 $6,049.11
13 $6,049.11 $488.61 $0.00 $34.20 $6,571.92
14 $6,571.92 $488.61 $0.00 $37.16 $7,097.69
15 $7,097.69 $488.61 $0.00 $40.13 $7,626.43
16 $7,626.43 $488.61 $0.00 $43.12 $8,158.16
17 $8,158.16 $488.61 $0.00 $46.13 $8,692.90
18 $8,692.90 $488.61 $0.00 $49.15 $9,230.66
19 $9,230.66 $488.61 $0.00 $52.19 $9,771.46
20 $9,771.46 $488.61 $0.00 $55.25 $10,315.32
21 $10,315.32 $488.61 $0.00 $58.32 $10,862.25
22 $10,862.25 $488.61 $0.00 $61.42 $11,412.28
23 $11,412.28 $488.61 $0.00 $64.53 $11,965.42
24 $11,965.42 $488.61 $0.00 $67.65 $12,521.68
25 $12,521.68 $488.61 $0.00 $70.80 $13,081.09
26 $13,081.09 $488.61 $0.00 $73.96 $13,643.66
27 $13,643.66 $488.61 $0.00 $77.14 $14,209.41
28 $14,209.41 $488.61 $0.00 $80.34 $14,778.36
29 $14,778.36 $488.61 $0.00 $83.56 $15,350.53
30 $15,350.53 $488.61 $0.00 $86.79 $15,925.93
31 $15,925.93 $488.61 $0.00 $90.05 $16,504.59
32 $16,504.59 $488.61 $0.00 $93.32 $17,086.52
33 $17,086.52 $488.61 $0.00 $96.61 $17,671.74
34 $17,671.74 $488.61 $0.00 $99.92 $18,260.27
35 $18,260.27 $488.61 $0.00 $103.25 $18,852.13
36 $18,852.13 $488.61 $0.00 $106.59 $19,447.33
37 $19,447.33 $488.61 $0.00 $109.96 $20,045.90
38 $20,045.90 $488.61 $0.00 $113.34 $20,647.85
39 $20,647.85 $488.61 $0.00 $116.75 $21,253.21
40 $21,253.21 $488.61 $0.00 $120.17 $21,861.99
41 $21,861.99 $488.61 $0.00 $123.61 $22,474.21
42 $22,474.21 $488.61 $0.00 $127.07 $23,089.89
43 $23,089.89 $488.61 $0.00 $130.55 $23,709.05
44 $23,709.05 $488.61 $0.00 $134.05 $24,331.71
45 $24,331.71 $488.61 $0.00 $137.58 $24,957.90
46 $24,957.90 $488.61 $0.00 $141.12 $25,587.63
47 $25,587.63 $488.61 $0.00 $144.68 $26,220.92
48 $26,220.92 $488.61 $0.00 $148.26 $26,857.79
49 $26,857.79 $488.61 $0.00 $151.86 $27,498.26
50 $27,498.26 $488.61 $0.00 $155.48 $28,142.35
51 $28,142.35 $488.61 $0.00 $159.12 $28,790.08
52 $28,790.08 $488.61 $0.00 $162.78 $29,441.47
53 $29,441.47 $488.61 $0.00 $166.47 $30,096.55
54 $30,096.55 $488.61 $0.00 $170.17 $30,755.33
55 $30,755.33 $488.61 $0.00 $173.90 $31,417.84
56 $31,417.84 $488.61 $0.00 $177.64 $32,084.09
57 $32,084.09 $488.61 $0.00 $181.41 $32,754.11
58 $32,754.11 $488.61 $0.00 $185.20 $33,427.92
59 $33,427.92 $488.61 $0.00 $189.01 $34,105.54
60 $34,105.54 $488.61 $0.00 $192.84 $34,786.99
61 $34,786.99 $488.61 $0.00 $196.69 $35,472.29
62 $35,472.29 $488.61 $0.00 $200.57 $36,161.47
63 $36,161.47 $488.61 $0.00 $204.46 $36,854.54
64 $36,854.54 $488.61 $0.00 $208.38 $37,551.53
65 $37,551.53 $488.61 $0.00 $212.32 $38,252.46
66 $38,252.46 $488.61 $0.00 $216.28 $38,957.35
67 $38,957.35 $488.61 $0.00 $220.27 $39,666.23
68 $39,666.23 $488.61 $0.00 $224.28 $40,379.12
69 $40,379.12 $488.61 $0.00 $228.31 $41,096.04
70 $41,096.04 $488.61 $0.00 $232.36 $41,817.01
71 $41,817.01 $488.61 $0.00 $236.44 $42,542.06
72 $42,542.06 $488.61 $0.00 $240.54 $43,271.21
73 $43,271.21 $488.61 $0.00 $244.66 $44,004.48
74 $44,004.48 $488.61 $0.00 $248.81 $44,741.90
75 $44,741.90 $488.61 $0.00 $252.98 $45,483.49
76 $45,483.49 $488.61 $0.00 $257.17 $46,229.27
77 $46,229.27 $488.61 $0.00 $261.39 $46,979.27
78 $46,979.27 $488.61 $0.00 $265.63 $47,733.51
79 $47,733.51 $488.61 $0.00 $269.89 $48,492.01
80 $48,492.01 $488.61 $0.00 $274.18 $49,254.80
81 $49,254.80 $488.61 $0.00 $278.49 $50,021.90
82 $50,021.90 $488.61 $0.00 $282.83 $50,793.34
83 $50,793.34 $488.61 $0.00 $287.19 $51,569.14
84 $51,569.14 $488.61 $0.00 $291.58 $52,349.33
85 $52,349.33 $488.61 $0.00 $295.99 $53,133.93
86 $53,133.93 $488.61 $0.00 $300.43 $53,922.97
87 $53,922.97 $488.61 $0.00 $304.89 $54,716.47
88 $54,716.47 $488.61 $0.00 $309.37 $55,514.45
89 $55,514.45 $488.61 $0.00 $313.89 $56,316.95
90 $56,316.95 $488.61 $0.00 $318.42 $57,123.98
91 $57,123.98 $488.61 $0.00 $322.99 $57,935.58
92 $57,935.58 $488.61 $0.00 $327.58 $58,751.77
93 $58,751.77 $488.61 $0.00 $332.19 $59,572.57
94 $59,572.57 $488.61 $0.00 $336.83 $60,398.01
95 $60,398.01 $488.61 $0.00 $341.50 $61,228.12
96 $61,228.12 $488.61 $0.00 $346.19 $62,062.92
97 $62,062.92 $488.61 $0.00 $350.91 $62,902.44
98 $62,902.44 $488.61 $0.00 $355.66 $63,746.71
99 $63,746.71 $488.61 $0.00 $360.43 $64,595.75
100 $64,595.75 $488.61 $0.00 $365.23 $65,449.59
101 $65,449.59 $488.61 $0.00 $370.06 $66,308.26
102 $66,308.26 $488.61 $0.00 $374.92 $67,171.79
103 $67,171.79 $488.61 $0.00 $379.80 $68,040.20
104 $68,040.20 $488.61 $0.00 $384.71 $68,913.52
105 $68,913.52 $488.61 $0.00 $389.65 $69,791.78
106 $69,791.78 $488.61 $0.00 $394.61 $70,675.00
107 $70,675.00 $488.61 $0.00 $399.61 $71,563.22
108 $71,563.22 $488.61 $0.00 $404.63 $72,456.46
109 $72,456.46 $488.61 $0.00 $409.68 $73,354.75
110 $73,354.75 $488.61 $0.00 $414.76 $74,258.12
111 $74,258.12 $488.61 $0.00 $419.87 $75,166.60
112 $75,166.60 $488.61 $0.00 $425.00 $76,080.21
113 $76,080.21 $488.61 $0.00 $430.17 $76,998.99
114 $76,998.99 $488.61 $0.00 $435.36 $77,922.96
115 $77,922.96 $488.61 $0.00 $440.59 $78,852.16
116 $78,852.16 $488.61 $0.00 $445.84 $79,786.61
117 $79,786.61 $488.61 $0.00 $451.13 $80,726.35
118 $80,726.35 $488.61 $0.00 $456.44 $81,671.40
119 $81,671.40 $488.61 $0.00 $461.78 $82,621.79
120 $82,621.79 $488.61 $0.00 $467.16 $83,577.56
121 $83,577.56 $488.61 $0.00 $472.56 $84,538.73
122 $84,538.73 $488.61 $0.00 $477.99 $85,505.33
123 $85,505.33 $488.61 $0.00 $483.46 $86,477.40
124 $86,477.40 $488.61 $0.00 $488.96 $87,454.97
125 $87,454.97 $488.61 $0.00 $494.48 $88,438.06
126 $88,438.06 $488.61 $0.00 $500.04 $89,426.71
127 $89,426.71 $488.61 $0.00 $505.63 $90,420.95
128 $90,420.95 $488.61 $0.00 $511.25 $91,420.81
129 $91,420.81 $488.61 $0.00 $516.91 $92,426.33
130 $92,426.33 $488.61 $0.00 $522.59 $93,437.53
131 $93,437.53 $488.61 $0.00 $528.31 $94,454.45
132 $94,454.45 $488.61 $0.00 $534.06 $95,477.12
133 $95,477.12 $488.61 $0.00 $539.84 $96,505.57
134 $96,505.57 $488.61 $0.00 $545.66 $97,539.84
135 $97,539.84 $488.61 $0.00 $551.50 $98,579.95
136 $98,579.95 $488.61 $0.00 $557.39 $99,625.95
137 $99,625.95 $488.61 $0.00 $563.30 $100,677.86
138 $100,677.86 $488.61 $0.00 $569.25 $101,735.72
139 $101,735.72 $488.61 $0.00 $575.23 $102,799.56
140 $102,799.56 $488.61 $0.00 $581.24 $103,869.41
141 $103,869.41 $488.61 $0.00 $587.29 $104,945.31
142 $104,945.31 $488.61 $0.00 $593.38 $106,027.30
143 $106,027.30 $488.61 $0.00 $599.49 $107,115.40
144 $107,115.40 $488.61 $0.00 $605.65 $108,209.66
145 $108,209.66 $488.61 $0.00 $611.83 $109,310.10
146 $109,310.10 $488.61 $0.00 $618.06 $110,416.77
147 $110,416.77 $488.61 $0.00 $624.31 $111,529.69
148 $111,529.69 $488.61 $0.00 $630.61 $112,648.91
149 $112,648.91 $488.61 $0.00 $636.93 $113,774.45
150 $113,774.45 $488.61 $0.00 $643.30 $114,906.36
151 $114,906.36 $488.61 $0.00 $649.70 $116,044.67
152 $116,044.67 $488.61 $0.00 $656.13 $117,189.41
153 $117,189.41 $488.61 $0.00 $662.61 $118,340.63
154 $118,340.63 $488.61 $0.00 $669.12 $119,498.36
155 $119,498.36 $488.61 $0.00 $675.66 $120,662.63
156 $120,662.63 $488.61 $0.00 $682.24 $121,833.48
157 $121,833.48 $488.61 $0.00 $688.86 $123,010.95
158 $123,010.95 $488.61 $0.00 $695.52 $124,195.08
159 $124,195.08 $488.61 $0.00 $702.22 $125,385.91
160 $125,385.91 $488.61 $0.00 $708.95 $126,583.47
161 $126,583.47 $488.61 $0.00 $715.72 $127,787.80
162 $127,787.80 $488.61 $0.00 $722.53 $128,998.94
163 $128,998.94 $488.61 $0.00 $729.38 $130,216.93
164 $130,216.93 $488.61 $0.00 $736.27 $131,441.81
165 $131,441.81 $488.61 $0.00 $743.19 $132,673.61
166 $132,673.61 $488.61 $0.00 $750.16 $133,912.38
167 $133,912.38 $488.61 $0.00 $757.16 $135,158.15
168 $135,158.15 $488.61 $0.00 $764.20 $136,410.96
169 $136,410.96 $488.61 $0.00 $771.29 $137,670.86
170 $137,670.86 $488.61 $0.00 $778.41 $138,937.88
171 $138,937.88 $488.61 $0.00 $785.57 $140,212.06
172 $140,212.06 $488.61 $0.00 $792.78 $141,493.45
173 $141,493.45 $488.61 $0.00 $800.02 $142,782.08
174 $142,782.08 $488.61 $0.00 $807.31 $144,078.00
175 $144,078.00 $488.61 $0.00 $814.64 $145,381.25
176 $145,381.25 $488.61 $0.00 $822.01 $146,691.87
177 $146,691.87 $488.61 $0.00 $829.42 $148,009.90
178 $148,009.90 $488.61 $0.00 $836.87 $149,335.38
179 $149,335.38 $488.61 $0.00 $844.36 $150,668.35
180 $150,668.35 $488.61 $0.00 $851.90 $152,008.86
181 $152,008.86 $488.61 $0.00 $859.48 $153,356.95
182 $153,356.95 $488.61 $0.00 $867.10 $154,712.66
183 $154,712.66 $488.61 $0.00 $874.77 $156,076.04
184 $156,076.04 $488.61 $0.00 $882.48 $157,447.13
185 $157,447.13 $488.61 $0.00 $890.23 $158,825.97
186 $158,825.97 $488.61 $0.00 $898.03 $160,212.61
187 $160,212.61 $488.61 $0.00 $905.87 $161,607.09
188 $161,607.09 $488.61 $0.00 $913.75 $163,009.45
189 $163,009.45 $488.61 $0.00 $921.68 $164,419.74
190 $164,419.74 $488.61 $0.00 $929.65 $165,838.00
191 $165,838.00 $488.61 $0.00 $937.67 $167,264.28
192 $167,264.28 $488.61 $0.00 $945.74 $168,698.63
193 $168,698.63 $488.61 $0.00 $953.85 $170,141.09
194 $170,141.09 $488.61 $0.00 $962.00 $171,591.70
195 $171,591.70 $488.61 $0.00 $970.20 $173,050.51
196 $173,050.51 $488.61 $0.00 $978.45 $174,517.57
197 $174,517.57 $488.61 $0.00 $986.75 $175,992.93
198 $175,992.93 $488.61 $0.00 $995.09 $177,476.63
199 $177,476.63 $488.61 $0.00 $1,003.48 $178,968.72
200 $178,968.72 $488.61 $0.00 $1,011.92 $180,469.25
201 $180,469.25 $488.61 $0.00 $1,020.40 $181,978.26
202 $181,978.26 $488.61 $0.00 $1,028.93 $183,495.80
203 $183,495.80 $488.61 $0.00 $1,037.51 $185,021.92
204 $185,021.92 $488.61 $0.00 $1,046.14 $186,556.67
205 $186,556.67 $488.61 $0.00 $1,054.82 $188,100.10
206 $188,100.10 $488.61 $0.00 $1,063.55 $189,652.26
207 $189,652.26 $488.61 $0.00 $1,072.32 $191,213.19
208 $191,213.19 $488.61 $0.00 $1,081.15 $192,782.95
209 $192,782.95 $488.61 $0.00 $1,090.02 $194,361.58
210 $194,361.58 $488.61 $0.00 $1,098.95 $195,949.14
211 $195,949.14 $488.61 $0.00 $1,107.92 $197,545.67
212 $197,545.67 $488.61 $0.00 $1,116.95 $199,151.23
213 $199,151.23 $488.61 $0.00 $1,126.03 $200,765.87
214 $200,765.87 $488.61 $0.00 $1,135.16 $202,389.64
215 $202,389.64 $488.61 $0.00 $1,144.34 $204,022.59
216 $204,022.59 $488.61 $0.00 $1,153.57 $205,664.77
217 $205,664.77 $488.61 $55,697.90 $1,162.86 $151,618.34
218 $151,618.34 $488.61 $0.00 $857.27 $152,964.22
219 $152,964.22 $488.61 $0.00 $864.88 $154,317.71
220 $154,317.71 $488.61 $0.00 $872.53 $155,678.85
221 $155,678.85 $488.61 $0.00 $880.23 $157,047.69
222 $157,047.69 $488.61 $0.00 $887.97 $158,424.27
223 $158,424.27 $488.61 $0.00 $895.75 $159,808.63
224 $159,808.63 $488.61 $0.00 $903.58 $161,200.82
225 $161,200.82 $488.61 $0.00 $911.45 $162,600.88
226 $162,600.88 $488.61 $0.00 $919.37 $164,008.86
227 $164,008.86 $488.61 $0.00 $927.33 $165,424.80
228 $165,424.80 $488.61 $0.00 $935.34 $166,848.75
229 $166,848.75 $488.61 $59,596.76 $943.39 $108,683.99
230 $108,683.99 $488.61 $0.00 $614.52 $109,787.12
231 $109,787.12 $488.61 $0.00 $620.75 $110,896.48
232 $110,896.48 $488.61 $0.00 $627.02 $112,012.11
233 $112,012.11 $488.61 $0.00 $633.33 $113,134.05
234 $113,134.05 $488.61 $0.00 $639.68 $114,262.34
235 $114,262.34 $488.61 $0.00 $646.06 $115,397.01
236 $115,397.01 $488.61 $0.00 $652.47 $116,538.09
237 $116,538.09 $488.61 $0.00 $658.92 $117,685.62
238 $117,685.62 $488.61 $0.00 $665.41 $118,839.64
239 $118,839.64 $488.61 $0.00 $671.94 $120,000.19
240 $120,000.19 $488.61 $0.00 $678.50 $121,167.30
241 $121,167.30 $488.61 $63,768.53 $685.10 $58,572.48
242 $58,572.48 $488.61 $0.00 $331.18 $59,392.27
243 $59,392.27 $488.61 $0.00 $335.81 $60,216.69
244 $60,216.69 $488.61 $0.00 $340.47 $61,045.77
245 $61,045.77 $488.61 $0.00 $345.16 $61,879.54
246 $61,879.54 $488.61 $0.00 $349.88 $62,718.03
247 $62,718.03 $488.61 $0.00 $354.62 $63,561.26
248 $63,561.26 $488.61 $0.00 $359.38 $64,409.25
249 $64,409.25 $488.61 $0.00 $364.18 $65,262.04
250 $65,262.04 $488.61 $0.00 $369.00 $66,119.65
251 $66,119.65 $488.61 $0.00 $373.85 $66,982.11
252 $66,982.11 $488.61 $0.00 $378.73 $67,849.45
253 $67,849.45 $0.00 $68,232.33 $383.63 $0.75