Savings Plan and Future Cost Estimation for Toccoa Falls College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$134,873
Monthly savings required$1,066

How much will it cost to send your child to Toccoa Falls College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $539,491.10 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,065.93 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$35,950.00
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 $1,065.93 $0.00 $0.00 $1,065.93
2 $1,065.93 $1,065.93 $0.00 $6.03 $2,137.89
3 $2,137.89 $1,065.93 $0.00 $12.09 $3,215.91
4 $3,215.91 $1,065.93 $0.00 $18.18 $4,300.02
5 $4,300.02 $1,065.93 $0.00 $24.31 $5,390.26
6 $5,390.26 $1,065.93 $0.00 $30.48 $6,486.67
7 $6,486.67 $1,065.93 $0.00 $36.68 $7,589.28
8 $7,589.28 $1,065.93 $0.00 $42.91 $8,698.12
9 $8,698.12 $1,065.93 $0.00 $49.18 $9,813.23
10 $9,813.23 $1,065.93 $0.00 $55.49 $10,934.65
11 $10,934.65 $1,065.93 $0.00 $61.83 $12,062.41
12 $12,062.41 $1,065.93 $0.00 $68.20 $13,196.54
13 $13,196.54 $1,065.93 $0.00 $74.62 $14,337.09
14 $14,337.09 $1,065.93 $0.00 $81.06 $15,484.08
15 $15,484.08 $1,065.93 $0.00 $87.55 $16,637.56
16 $16,637.56 $1,065.93 $0.00 $94.07 $17,797.56
17 $17,797.56 $1,065.93 $0.00 $100.63 $18,964.12
18 $18,964.12 $1,065.93 $0.00 $107.23 $20,137.28
19 $20,137.28 $1,065.93 $0.00 $113.86 $21,317.07
20 $21,317.07 $1,065.93 $0.00 $120.53 $22,503.53
21 $22,503.53 $1,065.93 $0.00 $127.24 $23,696.70
22 $23,696.70 $1,065.93 $0.00 $133.98 $24,896.61
23 $24,896.61 $1,065.93 $0.00 $140.77 $26,103.31
24 $26,103.31 $1,065.93 $0.00 $147.59 $27,316.83
25 $27,316.83 $1,065.93 $0.00 $154.45 $28,537.21
26 $28,537.21 $1,065.93 $0.00 $161.35 $29,764.49
27 $29,764.49 $1,065.93 $0.00 $168.29 $30,998.71
28 $30,998.71 $1,065.93 $0.00 $175.27 $32,239.91
29 $32,239.91 $1,065.93 $0.00 $182.29 $33,488.13
30 $33,488.13 $1,065.93 $0.00 $189.35 $34,743.41
31 $34,743.41 $1,065.93 $0.00 $196.44 $36,005.78
32 $36,005.78 $1,065.93 $0.00 $203.58 $37,275.29
33 $37,275.29 $1,065.93 $0.00 $210.76 $38,551.98
34 $38,551.98 $1,065.93 $0.00 $217.98 $39,835.89
35 $39,835.89 $1,065.93 $0.00 $225.24 $41,127.06
36 $41,127.06 $1,065.93 $0.00 $232.54 $42,425.53
37 $42,425.53 $1,065.93 $0.00 $239.88 $43,731.34
38 $43,731.34 $1,065.93 $0.00 $247.26 $45,044.53
39 $45,044.53 $1,065.93 $0.00 $254.69 $46,365.15
40 $46,365.15 $1,065.93 $0.00 $262.16 $47,693.24
41 $47,693.24 $1,065.93 $0.00 $269.66 $49,028.83
42 $49,028.83 $1,065.93 $0.00 $277.22 $50,371.98
43 $50,371.98 $1,065.93 $0.00 $284.81 $51,722.72
44 $51,722.72 $1,065.93 $0.00 $292.45 $53,081.10
45 $53,081.10 $1,065.93 $0.00 $300.13 $54,447.16
46 $54,447.16 $1,065.93 $0.00 $307.85 $55,820.94
47 $55,820.94 $1,065.93 $0.00 $315.62 $57,202.49
48 $57,202.49 $1,065.93 $0.00 $323.43 $58,591.85
49 $58,591.85 $1,065.93 $0.00 $331.29 $59,989.07
50 $59,989.07 $1,065.93 $0.00 $339.19 $61,394.19
51 $61,394.19 $1,065.93 $0.00 $347.13 $62,807.25
52 $62,807.25 $1,065.93 $0.00 $355.12 $64,228.30
53 $64,228.30 $1,065.93 $0.00 $363.16 $65,657.39
54 $65,657.39 $1,065.93 $0.00 $371.24 $67,094.56
55 $67,094.56 $1,065.93 $0.00 $379.36 $68,539.85
56 $68,539.85 $1,065.93 $0.00 $387.53 $69,993.31
57 $69,993.31 $1,065.93 $0.00 $395.75 $71,454.99
58 $71,454.99 $1,065.93 $0.00 $404.02 $72,924.94
59 $72,924.94 $1,065.93 $0.00 $412.33 $74,403.20
60 $74,403.20 $1,065.93 $0.00 $420.69 $75,889.82
61 $75,889.82 $1,065.93 $0.00 $429.09 $77,384.84
62 $77,384.84 $1,065.93 $0.00 $437.55 $78,888.32
63 $78,888.32 $1,065.93 $0.00 $446.05 $80,400.30
64 $80,400.30 $1,065.93 $0.00 $454.59 $81,920.82
65 $81,920.82 $1,065.93 $0.00 $463.19 $83,449.94
66 $83,449.94 $1,065.93 $0.00 $471.84 $84,987.71
67 $84,987.71 $1,065.93 $0.00 $480.53 $86,534.17
68 $86,534.17 $1,065.93 $0.00 $489.28 $88,089.38
69 $88,089.38 $1,065.93 $0.00 $498.07 $89,653.38
70 $89,653.38 $1,065.93 $0.00 $506.91 $91,226.22
71 $91,226.22 $1,065.93 $0.00 $515.81 $92,807.96
72 $92,807.96 $1,065.93 $0.00 $524.75 $94,398.64
73 $94,398.64 $1,065.93 $0.00 $533.74 $95,998.31
74 $95,998.31 $1,065.93 $0.00 $542.79 $97,607.03
75 $97,607.03 $1,065.93 $0.00 $551.88 $99,224.84
76 $99,224.84 $1,065.93 $0.00 $561.03 $100,851.80
77 $100,851.80 $1,065.93 $0.00 $570.23 $102,487.96
78 $102,487.96 $1,065.93 $0.00 $579.48 $104,133.37
79 $104,133.37 $1,065.93 $0.00 $588.79 $105,788.09
80 $105,788.09 $1,065.93 $0.00 $598.14 $107,452.16
81 $107,452.16 $1,065.93 $0.00 $607.55 $109,125.64
82 $109,125.64 $1,065.93 $0.00 $617.01 $110,808.58
83 $110,808.58 $1,065.93 $0.00 $626.53 $112,501.04
84 $112,501.04 $1,065.93 $0.00 $636.10 $114,203.07
85 $114,203.07 $1,065.93 $0.00 $645.72 $115,914.72
86 $115,914.72 $1,065.93 $0.00 $655.40 $117,636.05
87 $117,636.05 $1,065.93 $0.00 $665.13 $119,367.11
88 $119,367.11 $1,065.93 $0.00 $674.92 $121,107.96
89 $121,107.96 $1,065.93 $0.00 $684.76 $122,858.65
90 $122,858.65 $1,065.93 $0.00 $694.66 $124,619.24
91 $124,619.24 $1,065.93 $0.00 $704.62 $126,389.79
92 $126,389.79 $1,065.93 $0.00 $714.63 $128,170.35
93 $128,170.35 $1,065.93 $0.00 $724.69 $129,960.97
94 $129,960.97 $1,065.93 $0.00 $734.82 $131,761.72
95 $131,761.72 $1,065.93 $0.00 $745.00 $133,572.65
96 $133,572.65 $1,065.93 $0.00 $755.24 $135,393.82
97 $135,393.82 $1,065.93 $0.00 $765.54 $137,225.29
98 $137,225.29 $1,065.93 $0.00 $775.89 $139,067.11
99 $139,067.11 $1,065.93 $0.00 $786.31 $140,919.35
100 $140,919.35 $1,065.93 $0.00 $796.78 $142,782.06
101 $142,782.06 $1,065.93 $0.00 $807.31 $144,655.30
102 $144,655.30 $1,065.93 $0.00 $817.90 $146,539.13
103 $146,539.13 $1,065.93 $0.00 $828.55 $148,433.61
104 $148,433.61 $1,065.93 $0.00 $839.27 $150,338.81
105 $150,338.81 $1,065.93 $0.00 $850.04 $152,254.78
106 $152,254.78 $1,065.93 $0.00 $860.87 $154,181.58
107 $154,181.58 $1,065.93 $0.00 $871.77 $156,119.28
108 $156,119.28 $1,065.93 $0.00 $882.72 $158,067.93
109 $158,067.93 $1,065.93 $0.00 $893.74 $160,027.60
110 $160,027.60 $1,065.93 $0.00 $904.82 $161,998.35
111 $161,998.35 $1,065.93 $0.00 $915.96 $163,980.24
112 $163,980.24 $1,065.93 $0.00 $927.17 $165,973.34
113 $165,973.34 $1,065.93 $0.00 $938.44 $167,977.71
114 $167,977.71 $1,065.93 $0.00 $949.77 $169,993.41
115 $169,993.41 $1,065.93 $0.00 $961.17 $172,020.51
116 $172,020.51 $1,065.93 $0.00 $972.63 $174,059.07
117 $174,059.07 $1,065.93 $0.00 $984.16 $176,109.16
118 $176,109.16 $1,065.93 $0.00 $995.75 $178,170.84
119 $178,170.84 $1,065.93 $0.00 $1,007.40 $180,244.17
120 $180,244.17 $1,065.93 $0.00 $1,019.13 $182,329.23
121 $182,329.23 $1,065.93 $0.00 $1,030.92 $184,426.08
122 $184,426.08 $1,065.93 $0.00 $1,042.77 $186,534.78
123 $186,534.78 $1,065.93 $0.00 $1,054.69 $188,655.40
124 $188,655.40 $1,065.93 $0.00 $1,066.69 $190,788.02
125 $190,788.02 $1,065.93 $0.00 $1,078.74 $192,932.69
126 $192,932.69 $1,065.93 $0.00 $1,090.87 $195,089.49
127 $195,089.49 $1,065.93 $0.00 $1,103.06 $197,258.48
128 $197,258.48 $1,065.93 $0.00 $1,115.33 $199,439.74
129 $199,439.74 $1,065.93 $0.00 $1,127.66 $201,633.33
130 $201,633.33 $1,065.93 $0.00 $1,140.06 $203,839.32
131 $203,839.32 $1,065.93 $0.00 $1,152.54 $206,057.79
132 $206,057.79 $1,065.93 $0.00 $1,165.08 $208,288.80
133 $208,288.80 $1,065.93 $0.00 $1,177.70 $210,532.43
134 $210,532.43 $1,065.93 $0.00 $1,190.38 $212,788.74
135 $212,788.74 $1,065.93 $0.00 $1,203.14 $215,057.81
136 $215,057.81 $1,065.93 $0.00 $1,215.97 $217,339.71
137 $217,339.71 $1,065.93 $0.00 $1,228.87 $219,634.51
138 $219,634.51 $1,065.93 $0.00 $1,241.85 $221,942.29
139 $221,942.29 $1,065.93 $0.00 $1,254.89 $224,263.11
140 $224,263.11 $1,065.93 $0.00 $1,268.02 $226,597.06
141 $226,597.06 $1,065.93 $0.00 $1,281.21 $228,944.20
142 $228,944.20 $1,065.93 $0.00 $1,294.48 $231,304.61
143 $231,304.61 $1,065.93 $0.00 $1,307.83 $233,678.37
144 $233,678.37 $1,065.93 $0.00 $1,321.25 $236,065.55
145 $236,065.55 $1,065.93 $0.00 $1,334.75 $238,466.23
146 $238,466.23 $1,065.93 $0.00 $1,348.32 $240,880.48
147 $240,880.48 $1,065.93 $0.00 $1,361.97 $243,308.38
148 $243,308.38 $1,065.93 $0.00 $1,375.70 $245,750.01
149 $245,750.01 $1,065.93 $0.00 $1,389.51 $248,205.45
150 $248,205.45 $1,065.93 $0.00 $1,403.39 $250,674.77
151 $250,674.77 $1,065.93 $0.00 $1,417.35 $253,158.05
152 $253,158.05 $1,065.93 $0.00 $1,431.39 $255,655.37
153 $255,655.37 $1,065.93 $0.00 $1,445.51 $258,166.81
154 $258,166.81 $1,065.93 $0.00 $1,459.71 $260,692.45
155 $260,692.45 $1,065.93 $0.00 $1,473.99 $263,232.37
156 $263,232.37 $1,065.93 $0.00 $1,488.35 $265,786.65
157 $265,786.65 $1,065.93 $0.00 $1,502.80 $268,355.38
158 $268,355.38 $1,065.93 $0.00 $1,517.32 $270,938.63
159 $270,938.63 $1,065.93 $0.00 $1,531.93 $273,536.49
160 $273,536.49 $1,065.93 $0.00 $1,546.62 $276,149.04
161 $276,149.04 $1,065.93 $0.00 $1,561.39 $278,776.36
162 $278,776.36 $1,065.93 $0.00 $1,576.24 $281,418.53
163 $281,418.53 $1,065.93 $0.00 $1,591.18 $284,075.64
164 $284,075.64 $1,065.93 $0.00 $1,606.20 $286,747.77
165 $286,747.77 $1,065.93 $0.00 $1,621.31 $289,435.01
166 $289,435.01 $1,065.93 $0.00 $1,636.51 $292,137.45
167 $292,137.45 $1,065.93 $0.00 $1,651.79 $294,855.17
168 $294,855.17 $1,065.93 $0.00 $1,667.15 $297,588.25
169 $297,588.25 $1,065.93 $0.00 $1,682.61 $300,336.79
170 $300,336.79 $1,065.93 $0.00 $1,698.15 $303,100.87
171 $303,100.87 $1,065.93 $0.00 $1,713.78 $305,880.58
172 $305,880.58 $1,065.93 $0.00 $1,729.49 $308,676.00
173 $308,676.00 $1,065.93 $0.00 $1,745.30 $311,487.23
174 $311,487.23 $1,065.93 $0.00 $1,761.19 $314,314.35
175 $314,314.35 $1,065.93 $0.00 $1,777.18 $317,157.46
176 $317,157.46 $1,065.93 $0.00 $1,793.25 $320,016.64
177 $320,016.64 $1,065.93 $0.00 $1,809.42 $322,891.99
178 $322,891.99 $1,065.93 $0.00 $1,825.68 $325,783.60
179 $325,783.60 $1,065.93 $0.00 $1,842.03 $328,691.56
180 $328,691.56 $1,065.93 $0.00 $1,858.47 $331,615.96
181 $331,615.96 $1,065.93 $0.00 $1,875.00 $334,556.89
182 $334,556.89 $1,065.93 $0.00 $1,891.63 $337,514.45
183 $337,514.45 $1,065.93 $0.00 $1,908.36 $340,488.74
184 $340,488.74 $1,065.93 $0.00 $1,925.17 $343,479.84
185 $343,479.84 $1,065.93 $0.00 $1,942.08 $346,487.85
186 $346,487.85 $1,065.93 $0.00 $1,959.09 $349,512.87
187 $349,512.87 $1,065.93 $0.00 $1,976.20 $352,555.00
188 $352,555.00 $1,065.93 $0.00 $1,993.40 $355,614.33
189 $355,614.33 $1,065.93 $0.00 $2,010.70 $358,690.96
190 $358,690.96 $1,065.93 $0.00 $2,028.09 $361,784.98
191 $361,784.98 $1,065.93 $0.00 $2,045.58 $364,896.49
192 $364,896.49 $1,065.93 $0.00 $2,063.18 $368,025.60
193 $368,025.60 $1,065.93 $0.00 $2,080.87 $371,172.40
194 $371,172.40 $1,065.93 $0.00 $2,098.66 $374,336.99
195 $374,336.99 $1,065.93 $0.00 $2,116.56 $377,519.48
196 $377,519.48 $1,065.93 $0.00 $2,134.55 $380,719.96
197 $380,719.96 $1,065.93 $0.00 $2,152.65 $383,938.54
198 $383,938.54 $1,065.93 $0.00 $2,170.84 $387,175.31
199 $387,175.31 $1,065.93 $0.00 $2,189.15 $390,430.39
200 $390,430.39 $1,065.93 $0.00 $2,207.55 $393,703.87
201 $393,703.87 $1,065.93 $0.00 $2,226.06 $396,995.86
202 $396,995.86 $1,065.93 $0.00 $2,244.67 $400,306.46
203 $400,306.46 $1,065.93 $0.00 $2,263.39 $403,635.78
204 $403,635.78 $1,065.93 $0.00 $2,282.22 $406,983.93
205 $406,983.93 $1,065.93 $0.00 $2,301.15 $410,351.01
206 $410,351.01 $1,065.93 $0.00 $2,320.18 $413,737.12
207 $413,737.12 $1,065.93 $0.00 $2,339.33 $417,142.38
208 $417,142.38 $1,065.93 $0.00 $2,358.58 $420,566.89
209 $420,566.89 $1,065.93 $0.00 $2,377.95 $424,010.77
210 $424,010.77 $1,065.93 $0.00 $2,397.42 $427,474.12
211 $427,474.12 $1,065.93 $0.00 $2,417.00 $430,957.05
212 $430,957.05 $1,065.93 $0.00 $2,436.69 $434,459.67
213 $434,459.67 $1,065.93 $0.00 $2,456.50 $437,982.10
214 $437,982.10 $1,065.93 $0.00 $2,476.41 $441,524.44
215 $441,524.44 $1,065.93 $0.00 $2,496.44 $445,086.81
216 $445,086.81 $1,065.93 $0.00 $2,516.59 $448,669.33
217 $448,669.33 $1,065.93 $121,508.57 $2,536.84 $330,763.53
218 $330,763.53 $1,065.93 $0.00 $1,870.19 $333,699.65
219 $333,699.65 $1,065.93 $0.00 $1,886.79 $336,652.37
220 $336,652.37 $1,065.93 $0.00 $1,903.48 $339,621.78
221 $339,621.78 $1,065.93 $0.00 $1,920.27 $342,607.98
222 $342,607.98 $1,065.93 $0.00 $1,937.16 $345,611.07
223 $345,611.07 $1,065.93 $0.00 $1,954.14 $348,631.14
224 $348,631.14 $1,065.93 $0.00 $1,971.21 $351,668.28
225 $351,668.28 $1,065.93 $0.00 $1,988.38 $354,722.59
226 $354,722.59 $1,065.93 $0.00 $2,005.65 $357,794.17
227 $357,794.17 $1,065.93 $0.00 $2,023.02 $360,883.12
228 $360,883.12 $1,065.93 $0.00 $2,040.49 $363,989.54
229 $363,989.54 $1,065.93 $130,014.16 $2,058.05 $237,099.36
230 $237,099.36 $1,065.93 $0.00 $1,340.59 $239,505.88
231 $239,505.88 $1,065.93 $0.00 $1,354.20 $241,926.01
232 $241,926.01 $1,065.93 $0.00 $1,367.88 $244,359.82
233 $244,359.82 $1,065.93 $0.00 $1,381.65 $246,807.40
234 $246,807.40 $1,065.93 $0.00 $1,395.48 $249,268.81
235 $249,268.81 $1,065.93 $0.00 $1,409.40 $251,744.14
236 $251,744.14 $1,065.93 $0.00 $1,423.40 $254,233.47
237 $254,233.47 $1,065.93 $0.00 $1,437.47 $256,736.87
238 $256,736.87 $1,065.93 $0.00 $1,451.63 $259,254.43
239 $259,254.43 $1,065.93 $0.00 $1,465.86 $261,786.22
240 $261,786.22 $1,065.93 $0.00 $1,480.18 $264,332.33
241 $264,332.33 $1,065.93 $139,115.16 $1,494.57 $127,777.67
242 $127,777.67 $1,065.93 $0.00 $722.47 $129,566.07
243 $129,566.07 $1,065.93 $0.00 $732.59 $131,364.59
244 $131,364.59 $1,065.93 $0.00 $742.75 $133,173.27
245 $133,173.27 $1,065.93 $0.00 $752.98 $134,992.18
246 $134,992.18 $1,065.93 $0.00 $763.27 $136,821.38
247 $136,821.38 $1,065.93 $0.00 $773.61 $138,660.92
248 $138,660.92 $1,065.93 $0.00 $784.01 $140,510.86
249 $140,510.86 $1,065.93 $0.00 $794.47 $142,371.26
250 $142,371.26 $1,065.93 $0.00 $804.99 $144,242.18
251 $144,242.18 $1,065.93 $0.00 $815.57 $146,123.68
252 $146,123.68 $1,065.93 $0.00 $826.20 $148,015.81
253 $148,015.81 $0.00 $148,853.22 $836.90 -$0.51