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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$41,057
Monthly savings required$182

How much will it cost to send your child to Columbus Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $82,114.33 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $182.47 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$16,644.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $182.47 $0.00 $0.00 $182.47
2 $182.47 $182.47 $0.00 $1.03 $365.97
3 $365.97 $182.47 $0.00 $2.07 $550.51
4 $550.51 $182.47 $0.00 $3.11 $736.09
5 $736.09 $182.47 $0.00 $4.16 $922.72
6 $922.72 $182.47 $0.00 $5.22 $1,110.41
7 $1,110.41 $182.47 $0.00 $6.28 $1,299.16
8 $1,299.16 $182.47 $0.00 $7.35 $1,488.98
9 $1,488.98 $182.47 $0.00 $8.42 $1,679.87
10 $1,679.87 $182.47 $0.00 $9.50 $1,871.84
11 $1,871.84 $182.47 $0.00 $10.58 $2,064.89
12 $2,064.89 $182.47 $0.00 $11.68 $2,259.04
13 $2,259.04 $182.47 $0.00 $12.77 $2,454.28
14 $2,454.28 $182.47 $0.00 $13.88 $2,650.63
15 $2,650.63 $182.47 $0.00 $14.99 $2,848.09
16 $2,848.09 $182.47 $0.00 $16.10 $3,046.66
17 $3,046.66 $182.47 $0.00 $17.23 $3,246.36
18 $3,246.36 $182.47 $0.00 $18.36 $3,447.19
19 $3,447.19 $182.47 $0.00 $19.49 $3,649.15
20 $3,649.15 $182.47 $0.00 $20.63 $3,852.25
21 $3,852.25 $182.47 $0.00 $21.78 $4,056.50
22 $4,056.50 $182.47 $0.00 $22.94 $4,261.91
23 $4,261.91 $182.47 $0.00 $24.10 $4,468.48
24 $4,468.48 $182.47 $0.00 $25.27 $4,676.22
25 $4,676.22 $182.47 $0.00 $26.44 $4,885.13
26 $4,885.13 $182.47 $0.00 $27.62 $5,095.22
27 $5,095.22 $182.47 $0.00 $28.81 $5,306.50
28 $5,306.50 $182.47 $0.00 $30.00 $5,518.97
29 $5,518.97 $182.47 $0.00 $31.21 $5,732.65
30 $5,732.65 $182.47 $0.00 $32.41 $5,947.53
31 $5,947.53 $182.47 $0.00 $33.63 $6,163.63
32 $6,163.63 $182.47 $0.00 $34.85 $6,380.95
33 $6,380.95 $182.47 $0.00 $36.08 $6,599.50
34 $6,599.50 $182.47 $0.00 $37.31 $6,819.28
35 $6,819.28 $182.47 $0.00 $38.56 $7,040.31
36 $7,040.31 $182.47 $0.00 $39.81 $7,262.59
37 $7,262.59 $182.47 $0.00 $41.06 $7,486.12
38 $7,486.12 $182.47 $0.00 $42.33 $7,710.92
39 $7,710.92 $182.47 $0.00 $43.60 $7,936.99
40 $7,936.99 $182.47 $0.00 $44.88 $8,164.34
41 $8,164.34 $182.47 $0.00 $46.16 $8,392.97
42 $8,392.97 $182.47 $0.00 $47.46 $8,622.90
43 $8,622.90 $182.47 $0.00 $48.76 $8,854.13
44 $8,854.13 $182.47 $0.00 $50.06 $9,086.66
45 $9,086.66 $182.47 $0.00 $51.38 $9,320.51
46 $9,320.51 $182.47 $0.00 $52.70 $9,555.68
47 $9,555.68 $182.47 $0.00 $54.03 $9,792.18
48 $9,792.18 $182.47 $0.00 $55.37 $10,030.02
49 $10,030.02 $182.47 $0.00 $56.71 $10,269.20
50 $10,269.20 $182.47 $0.00 $58.06 $10,509.73
51 $10,509.73 $182.47 $0.00 $59.42 $10,751.62
52 $10,751.62 $182.47 $0.00 $60.79 $10,994.88
53 $10,994.88 $182.47 $0.00 $62.17 $11,239.52
54 $11,239.52 $182.47 $0.00 $63.55 $11,485.54
55 $11,485.54 $182.47 $0.00 $64.94 $11,732.95
56 $11,732.95 $182.47 $0.00 $66.34 $11,981.76
57 $11,981.76 $182.47 $0.00 $67.75 $12,231.98
58 $12,231.98 $182.47 $0.00 $69.16 $12,483.61
59 $12,483.61 $182.47 $0.00 $70.58 $12,736.66
60 $12,736.66 $182.47 $0.00 $72.01 $12,991.14
61 $12,991.14 $182.47 $0.00 $73.45 $13,247.06
62 $13,247.06 $182.47 $0.00 $74.90 $13,504.43
63 $13,504.43 $182.47 $0.00 $76.36 $13,763.26
64 $13,763.26 $182.47 $0.00 $77.82 $14,023.55
65 $14,023.55 $182.47 $0.00 $79.29 $14,285.31
66 $14,285.31 $182.47 $0.00 $80.77 $14,548.55
67 $14,548.55 $182.47 $0.00 $82.26 $14,813.28
68 $14,813.28 $182.47 $0.00 $83.76 $15,079.51
69 $15,079.51 $182.47 $0.00 $85.26 $15,347.24
70 $15,347.24 $182.47 $0.00 $86.78 $15,616.49
71 $15,616.49 $182.47 $0.00 $88.30 $15,887.26
72 $15,887.26 $182.47 $0.00 $89.83 $16,159.56
73 $16,159.56 $182.47 $0.00 $91.37 $16,433.40
74 $16,433.40 $182.47 $0.00 $92.92 $16,708.79
75 $16,708.79 $182.47 $0.00 $94.47 $16,985.73
76 $16,985.73 $182.47 $0.00 $96.04 $17,264.24
77 $17,264.24 $182.47 $0.00 $97.61 $17,544.32
78 $17,544.32 $182.47 $0.00 $99.20 $17,825.99
79 $17,825.99 $182.47 $0.00 $100.79 $18,109.25
80 $18,109.25 $182.47 $0.00 $102.39 $18,394.11
81 $18,394.11 $182.47 $0.00 $104.00 $18,680.58
82 $18,680.58 $182.47 $0.00 $105.62 $18,968.67
83 $18,968.67 $182.47 $0.00 $107.25 $19,258.39
84 $19,258.39 $182.47 $0.00 $108.89 $19,549.75
85 $19,549.75 $182.47 $0.00 $110.54 $19,842.76
86 $19,842.76 $182.47 $0.00 $112.19 $20,137.42
87 $20,137.42 $182.47 $0.00 $113.86 $20,433.75
88 $20,433.75 $182.47 $0.00 $115.54 $20,731.76
89 $20,731.76 $182.47 $0.00 $117.22 $21,031.45
90 $21,031.45 $182.47 $0.00 $118.91 $21,332.83
91 $21,332.83 $182.47 $0.00 $120.62 $21,635.92
92 $21,635.92 $182.47 $0.00 $122.33 $21,940.72
93 $21,940.72 $182.47 $0.00 $124.06 $22,247.25
94 $22,247.25 $182.47 $0.00 $125.79 $22,555.51
95 $22,555.51 $182.47 $0.00 $127.53 $22,865.51
96 $22,865.51 $182.47 $0.00 $129.28 $23,177.26
97 $23,177.26 $182.47 $0.00 $131.05 $23,490.78
98 $23,490.78 $182.47 $0.00 $132.82 $23,806.07
99 $23,806.07 $182.47 $0.00 $134.60 $24,123.14
100 $24,123.14 $182.47 $0.00 $136.40 $24,442.01
101 $24,442.01 $182.47 $0.00 $138.20 $24,762.68
102 $24,762.68 $182.47 $0.00 $140.01 $25,085.16
103 $25,085.16 $182.47 $0.00 $141.84 $25,409.47
104 $25,409.47 $182.47 $0.00 $143.67 $25,735.61
105 $25,735.61 $182.47 $0.00 $145.51 $26,063.59
106 $26,063.59 $182.47 $0.00 $147.37 $26,393.43
107 $26,393.43 $182.47 $0.00 $149.23 $26,725.13
108 $26,725.13 $182.47 $0.00 $151.11 $27,058.71
109 $27,058.71 $182.47 $0.00 $152.99 $27,394.17
110 $27,394.17 $182.47 $0.00 $154.89 $27,731.53
111 $27,731.53 $182.47 $0.00 $156.80 $28,070.80
112 $28,070.80 $182.47 $0.00 $158.72 $28,411.99
113 $28,411.99 $182.47 $0.00 $160.65 $28,755.11
114 $28,755.11 $182.47 $0.00 $162.59 $29,100.17
115 $29,100.17 $182.47 $0.00 $164.54 $29,447.18
116 $29,447.18 $182.47 $0.00 $166.50 $29,796.15
117 $29,796.15 $182.47 $0.00 $168.47 $30,147.09
118 $30,147.09 $182.47 $0.00 $170.46 $30,500.02
119 $30,500.02 $182.47 $0.00 $172.45 $30,854.94
120 $30,854.94 $182.47 $0.00 $174.46 $31,211.87
121 $31,211.87 $182.47 $0.00 $176.48 $31,570.82
122 $31,570.82 $182.47 $0.00 $178.51 $31,931.80
123 $31,931.80 $182.47 $0.00 $180.55 $32,294.82
124 $32,294.82 $182.47 $0.00 $182.60 $32,659.89
125 $32,659.89 $182.47 $0.00 $184.66 $33,027.02
126 $33,027.02 $182.47 $0.00 $186.74 $33,396.23
127 $33,396.23 $182.47 $0.00 $188.83 $33,767.53
128 $33,767.53 $182.47 $0.00 $190.93 $34,140.93
129 $34,140.93 $182.47 $0.00 $193.04 $34,516.44
130 $34,516.44 $182.47 $0.00 $195.16 $34,894.07
131 $34,894.07 $182.47 $0.00 $197.30 $35,273.84
132 $35,273.84 $182.47 $0.00 $199.44 $35,655.75
133 $35,655.75 $182.47 $0.00 $201.60 $36,039.82
134 $36,039.82 $182.47 $0.00 $203.77 $36,426.06
135 $36,426.06 $182.47 $0.00 $205.96 $36,814.49
136 $36,814.49 $182.47 $0.00 $208.15 $37,205.11
137 $37,205.11 $182.47 $0.00 $210.36 $37,597.94
138 $37,597.94 $182.47 $0.00 $212.58 $37,992.99
139 $37,992.99 $182.47 $0.00 $214.82 $38,390.28
140 $38,390.28 $182.47 $0.00 $217.06 $38,789.81
141 $38,789.81 $182.47 $0.00 $219.32 $39,191.60
142 $39,191.60 $182.47 $0.00 $221.60 $39,595.67
143 $39,595.67 $182.47 $0.00 $223.88 $40,002.02
144 $40,002.02 $182.47 $0.00 $226.18 $40,410.67
145 $40,410.67 $182.47 $0.00 $228.49 $40,821.63
146 $40,821.63 $182.47 $0.00 $230.81 $41,234.91
147 $41,234.91 $182.47 $0.00 $233.15 $41,650.53
148 $41,650.53 $182.47 $0.00 $235.50 $42,068.50
149 $42,068.50 $182.47 $0.00 $237.86 $42,488.83
150 $42,488.83 $182.47 $0.00 $240.24 $42,911.54
151 $42,911.54 $182.47 $0.00 $242.63 $43,336.64
152 $43,336.64 $182.47 $0.00 $245.03 $43,764.14
153 $43,764.14 $182.47 $0.00 $247.45 $44,194.06
154 $44,194.06 $182.47 $0.00 $249.88 $44,626.41
155 $44,626.41 $182.47 $0.00 $252.32 $45,061.20
156 $45,061.20 $182.47 $0.00 $254.78 $45,498.45
157 $45,498.45 $182.47 $0.00 $257.25 $45,938.17
158 $45,938.17 $182.47 $0.00 $259.74 $46,380.38
159 $46,380.38 $182.47 $0.00 $262.24 $46,825.09
160 $46,825.09 $182.47 $0.00 $264.76 $47,272.32
161 $47,272.32 $182.47 $0.00 $267.28 $47,722.07
162 $47,722.07 $182.47 $0.00 $269.83 $48,174.37
163 $48,174.37 $182.47 $0.00 $272.38 $48,629.22
164 $48,629.22 $182.47 $0.00 $274.96 $49,086.65
165 $49,086.65 $182.47 $0.00 $277.54 $49,546.66
166 $49,546.66 $182.47 $0.00 $280.14 $50,009.27
167 $50,009.27 $182.47 $0.00 $282.76 $50,474.50
168 $50,474.50 $182.47 $0.00 $285.39 $50,942.36
169 $50,942.36 $182.47 $0.00 $288.04 $51,412.87
170 $51,412.87 $182.47 $0.00 $290.70 $51,886.04
171 $51,886.04 $182.47 $0.00 $293.37 $52,361.88
172 $52,361.88 $182.47 $0.00 $296.06 $52,840.41
173 $52,840.41 $182.47 $0.00 $298.77 $53,321.65
174 $53,321.65 $182.47 $0.00 $301.49 $53,805.61
175 $53,805.61 $182.47 $0.00 $304.22 $54,292.30
176 $54,292.30 $182.47 $0.00 $306.98 $54,781.75
177 $54,781.75 $182.47 $0.00 $309.74 $55,273.96
178 $55,273.96 $182.47 $0.00 $312.53 $55,768.96
179 $55,768.96 $182.47 $0.00 $315.33 $56,266.76
180 $56,266.76 $182.47 $0.00 $318.14 $56,767.37
181 $56,767.37 $182.47 $0.00 $320.97 $57,270.81
182 $57,270.81 $182.47 $0.00 $323.82 $57,777.10
183 $57,777.10 $182.47 $0.00 $326.68 $58,286.25
184 $58,286.25 $182.47 $0.00 $329.56 $58,798.28
185 $58,798.28 $182.47 $0.00 $332.45 $59,313.20
186 $59,313.20 $182.47 $0.00 $335.37 $59,831.04
187 $59,831.04 $182.47 $0.00 $338.29 $60,351.80
188 $60,351.80 $182.47 $0.00 $341.24 $60,875.51
189 $60,875.51 $182.47 $0.00 $344.20 $61,402.18
190 $61,402.18 $182.47 $0.00 $347.18 $61,931.83
191 $61,931.83 $182.47 $0.00 $350.17 $62,464.47
192 $62,464.47 $182.47 $0.00 $353.18 $63,000.12
193 $63,000.12 $182.47 $0.00 $356.21 $63,538.80
194 $63,538.80 $182.47 $0.00 $359.26 $64,080.53
195 $64,080.53 $182.47 $0.00 $362.32 $64,625.32
196 $64,625.32 $182.47 $0.00 $365.40 $65,173.19
197 $65,173.19 $182.47 $0.00 $368.50 $65,724.16
198 $65,724.16 $182.47 $0.00 $371.61 $66,278.24
199 $66,278.24 $182.47 $0.00 $374.75 $66,835.46
200 $66,835.46 $182.47 $0.00 $377.90 $67,395.83
201 $67,395.83 $182.47 $0.00 $381.07 $67,959.37
202 $67,959.37 $182.47 $0.00 $384.25 $68,526.09
203 $68,526.09 $182.47 $0.00 $387.46 $69,096.02
204 $69,096.02 $182.47 $0.00 $390.68 $69,669.17
205 $69,669.17 $182.47 $0.00 $393.92 $70,245.56
206 $70,245.56 $182.47 $0.00 $397.18 $70,825.21
207 $70,825.21 $182.47 $0.00 $400.46 $71,408.14
208 $71,408.14 $182.47 $0.00 $403.75 $71,994.36
209 $71,994.36 $182.47 $0.00 $407.07 $72,583.90
210 $72,583.90 $182.47 $0.00 $410.40 $73,176.77
211 $73,176.77 $182.47 $0.00 $413.75 $73,772.99
212 $73,772.99 $182.47 $0.00 $417.12 $74,372.58
213 $74,372.58 $182.47 $0.00 $420.51 $74,975.56
214 $74,975.56 $182.47 $0.00 $423.92 $75,581.95
215 $75,581.95 $182.47 $0.00 $427.35 $76,191.77
216 $76,191.77 $182.47 $0.00 $430.80 $76,805.04
217 $76,805.04 $182.47 $40,055.77 $434.27 $37,366.01
218 $37,366.01 $182.47 $0.00 $211.27 $37,759.75
219 $37,759.75 $182.47 $0.00 $213.50 $38,155.72
220 $38,155.72 $182.47 $0.00 $215.74 $38,553.93
221 $38,553.93 $182.47 $0.00 $217.99 $38,954.39
222 $38,954.39 $182.47 $0.00 $220.25 $39,357.11
223 $39,357.11 $182.47 $0.00 $222.53 $39,762.11
224 $39,762.11 $182.47 $0.00 $224.82 $40,169.40
225 $40,169.40 $182.47 $0.00 $227.12 $40,578.99
226 $40,578.99 $182.47 $0.00 $229.44 $40,990.90
227 $40,990.90 $182.47 $0.00 $231.77 $41,405.14
228 $41,405.14 $182.47 $0.00 $234.11 $41,821.72
229 $41,821.72 $0.00 $42,058.56 $236.47 ($0.37)