| Estimated Annual Cost in 2042 | $72,308 |
| Monthly savings required | $321 |
How much will it cost to send your child to Spoon River College in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $144,616.82 for students enrolling in 2042 if tuition increases average 7% per year until then. Assuming you have no current college savings, monthly deposits of $321.25 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.
| Current Annual Cost | $20,670.00 |
| Years until enrollment | 18 |
| Annual Tuition Increase | 7% |
| Current Savings | $0.00 |
| After Tax Return on Savings | 7% |
| Years of enrollment | 2 |
Discover how much will you need to start saving now to afford Spoon River College in the future.
| Month | Begin | Deposit | Withdraw | Interest | End |
|---|---|---|---|---|---|
| 1 | $0.00 | $321.25 | $0.00 | $0.00 | $321.25 |
| 2 | $321.25 | $321.25 | $0.00 | $1.82 | $644.32 |
| 3 | $644.32 | $321.25 | $0.00 | $3.64 | $969.21 |
| 4 | $969.21 | $321.25 | $0.00 | $5.48 | $1,295.94 |
| 5 | $1,295.94 | $321.25 | $0.00 | $7.33 | $1,624.52 |
| 6 | $1,624.52 | $321.25 | $0.00 | $9.19 | $1,954.96 |
| 7 | $1,954.96 | $321.25 | $0.00 | $11.05 | $2,287.26 |
| 8 | $2,287.26 | $321.25 | $0.00 | $12.93 | $2,621.44 |
| 9 | $2,621.44 | $321.25 | $0.00 | $14.82 | $2,957.51 |
| 10 | $2,957.51 | $321.25 | $0.00 | $16.72 | $3,295.48 |
| 11 | $3,295.48 | $321.25 | $0.00 | $18.63 | $3,635.36 |
| 12 | $3,635.36 | $321.25 | $0.00 | $20.55 | $3,977.16 |
| 13 | $3,977.16 | $321.25 | $0.00 | $22.49 | $4,320.90 |
| 14 | $4,320.90 | $321.25 | $0.00 | $24.43 | $4,666.58 |
| 15 | $4,666.58 | $321.25 | $0.00 | $26.39 | $5,014.22 |
| 16 | $5,014.22 | $321.25 | $0.00 | $28.35 | $5,363.82 |
| 17 | $5,363.82 | $321.25 | $0.00 | $30.33 | $5,715.40 |
| 18 | $5,715.40 | $321.25 | $0.00 | $32.32 | $6,068.97 |
| 19 | $6,068.97 | $321.25 | $0.00 | $34.31 | $6,424.53 |
| 20 | $6,424.53 | $321.25 | $0.00 | $36.33 | $6,782.11 |
| 21 | $6,782.11 | $321.25 | $0.00 | $38.35 | $7,141.71 |
| 22 | $7,141.71 | $321.25 | $0.00 | $40.38 | $7,503.34 |
| 23 | $7,503.34 | $321.25 | $0.00 | $42.42 | $7,867.01 |
| 24 | $7,867.01 | $321.25 | $0.00 | $44.48 | $8,232.74 |
| 25 | $8,232.74 | $321.25 | $0.00 | $46.55 | $8,600.54 |
| 26 | $8,600.54 | $321.25 | $0.00 | $48.63 | $8,970.42 |
| 27 | $8,970.42 | $321.25 | $0.00 | $50.72 | $9,342.39 |
| 28 | $9,342.39 | $321.25 | $0.00 | $52.82 | $9,716.46 |
| 29 | $9,716.46 | $321.25 | $0.00 | $54.94 | $10,092.65 |
| 30 | $10,092.65 | $321.25 | $0.00 | $57.07 | $10,470.97 |
| 31 | $10,470.97 | $321.25 | $0.00 | $59.20 | $10,851.42 |
| 32 | $10,851.42 | $321.25 | $0.00 | $61.36 | $11,234.03 |
| 33 | $11,234.03 | $321.25 | $0.00 | $63.52 | $11,618.80 |
| 34 | $11,618.80 | $321.25 | $0.00 | $65.69 | $12,005.74 |
| 35 | $12,005.74 | $321.25 | $0.00 | $67.88 | $12,394.87 |
| 36 | $12,394.87 | $321.25 | $0.00 | $70.08 | $12,786.20 |
| 37 | $12,786.20 | $321.25 | $0.00 | $72.30 | $13,179.75 |
| 38 | $13,179.75 | $321.25 | $0.00 | $74.52 | $13,575.52 |
| 39 | $13,575.52 | $321.25 | $0.00 | $76.76 | $13,973.53 |
| 40 | $13,973.53 | $321.25 | $0.00 | $79.01 | $14,373.79 |
| 41 | $14,373.79 | $321.25 | $0.00 | $81.27 | $14,776.31 |
| 42 | $14,776.31 | $321.25 | $0.00 | $83.55 | $15,181.11 |
| 43 | $15,181.11 | $321.25 | $0.00 | $85.84 | $15,588.20 |
| 44 | $15,588.20 | $321.25 | $0.00 | $88.14 | $15,997.59 |
| 45 | $15,997.59 | $321.25 | $0.00 | $90.45 | $16,409.29 |
| 46 | $16,409.29 | $321.25 | $0.00 | $92.78 | $16,823.32 |
| 47 | $16,823.32 | $321.25 | $0.00 | $95.12 | $17,239.69 |
| 48 | $17,239.69 | $321.25 | $0.00 | $97.48 | $17,658.42 |
| 49 | $17,658.42 | $321.25 | $0.00 | $99.84 | $18,079.51 |
| 50 | $18,079.51 | $321.25 | $0.00 | $102.22 | $18,502.98 |
| 51 | $18,502.98 | $321.25 | $0.00 | $104.62 | $18,928.85 |
| 52 | $18,928.85 | $321.25 | $0.00 | $107.03 | $19,357.13 |
| 53 | $19,357.13 | $321.25 | $0.00 | $109.45 | $19,787.83 |
| 54 | $19,787.83 | $321.25 | $0.00 | $111.88 | $20,220.96 |
| 55 | $20,220.96 | $321.25 | $0.00 | $114.33 | $20,656.54 |
| 56 | $20,656.54 | $321.25 | $0.00 | $116.80 | $21,094.59 |
| 57 | $21,094.59 | $321.25 | $0.00 | $119.27 | $21,535.11 |
| 58 | $21,535.11 | $321.25 | $0.00 | $121.76 | $21,978.12 |
| 59 | $21,978.12 | $321.25 | $0.00 | $124.27 | $22,423.64 |
| 60 | $22,423.64 | $321.25 | $0.00 | $126.79 | $22,871.68 |
| 61 | $22,871.68 | $321.25 | $0.00 | $129.32 | $23,322.25 |
| 62 | $23,322.25 | $321.25 | $0.00 | $131.87 | $23,775.37 |
| 63 | $23,775.37 | $321.25 | $0.00 | $134.43 | $24,231.05 |
| 64 | $24,231.05 | $321.25 | $0.00 | $137.01 | $24,689.31 |
| 65 | $24,689.31 | $321.25 | $0.00 | $139.60 | $25,150.16 |
| 66 | $25,150.16 | $321.25 | $0.00 | $142.20 | $25,613.61 |
| 67 | $25,613.61 | $321.25 | $0.00 | $144.82 | $26,079.68 |
| 68 | $26,079.68 | $321.25 | $0.00 | $147.46 | $26,548.39 |
| 69 | $26,548.39 | $321.25 | $0.00 | $150.11 | $27,019.75 |
| 70 | $27,019.75 | $321.25 | $0.00 | $152.77 | $27,493.77 |
| 71 | $27,493.77 | $321.25 | $0.00 | $155.45 | $27,970.47 |
| 72 | $27,970.47 | $321.25 | $0.00 | $158.15 | $28,449.87 |
| 73 | $28,449.87 | $321.25 | $0.00 | $160.86 | $28,931.98 |
| 74 | $28,931.98 | $321.25 | $0.00 | $163.59 | $29,416.82 |
| 75 | $29,416.82 | $321.25 | $0.00 | $166.33 | $29,904.40 |
| 76 | $29,904.40 | $321.25 | $0.00 | $169.08 | $30,394.73 |
| 77 | $30,394.73 | $321.25 | $0.00 | $171.86 | $30,887.84 |
| 78 | $30,887.84 | $321.25 | $0.00 | $174.64 | $31,383.73 |
| 79 | $31,383.73 | $321.25 | $0.00 | $177.45 | $31,882.43 |
| 80 | $31,882.43 | $321.25 | $0.00 | $180.27 | $32,383.95 |
| 81 | $32,383.95 | $321.25 | $0.00 | $183.10 | $32,888.30 |
| 82 | $32,888.30 | $321.25 | $0.00 | $185.96 | $33,395.51 |
| 83 | $33,395.51 | $321.25 | $0.00 | $188.82 | $33,905.58 |
| 84 | $33,905.58 | $321.25 | $0.00 | $191.71 | $34,418.54 |
| 85 | $34,418.54 | $321.25 | $0.00 | $194.61 | $34,934.40 |
| 86 | $34,934.40 | $321.25 | $0.00 | $197.52 | $35,453.17 |
| 87 | $35,453.17 | $321.25 | $0.00 | $200.46 | $35,974.88 |
| 88 | $35,974.88 | $321.25 | $0.00 | $203.41 | $36,499.54 |
| 89 | $36,499.54 | $321.25 | $0.00 | $206.37 | $37,027.16 |
| 90 | $37,027.16 | $321.25 | $0.00 | $209.36 | $37,557.77 |
| 91 | $37,557.77 | $321.25 | $0.00 | $212.36 | $38,091.38 |
| 92 | $38,091.38 | $321.25 | $0.00 | $215.37 | $38,628.00 |
| 93 | $38,628.00 | $321.25 | $0.00 | $218.41 | $39,167.66 |
| 94 | $39,167.66 | $321.25 | $0.00 | $221.46 | $39,710.37 |
| 95 | $39,710.37 | $321.25 | $0.00 | $224.53 | $40,256.15 |
| 96 | $40,256.15 | $321.25 | $0.00 | $227.61 | $40,805.01 |
| 97 | $40,805.01 | $321.25 | $0.00 | $230.72 | $41,356.98 |
| 98 | $41,356.98 | $321.25 | $0.00 | $233.84 | $41,912.07 |
| 99 | $41,912.07 | $321.25 | $0.00 | $236.98 | $42,470.30 |
| 100 | $42,470.30 | $321.25 | $0.00 | $240.13 | $43,031.68 |
| 101 | $43,031.68 | $321.25 | $0.00 | $243.31 | $43,596.24 |
| 102 | $43,596.24 | $321.25 | $0.00 | $246.50 | $44,163.99 |
| 103 | $44,163.99 | $321.25 | $0.00 | $249.71 | $44,734.95 |
| 104 | $44,734.95 | $321.25 | $0.00 | $252.94 | $45,309.14 |
| 105 | $45,309.14 | $321.25 | $0.00 | $256.18 | $45,886.57 |
| 106 | $45,886.57 | $321.25 | $0.00 | $259.45 | $46,467.27 |
| 107 | $46,467.27 | $321.25 | $0.00 | $262.73 | $47,051.25 |
| 108 | $47,051.25 | $321.25 | $0.00 | $266.03 | $47,638.53 |
| 109 | $47,638.53 | $321.25 | $0.00 | $269.36 | $48,229.14 |
| 110 | $48,229.14 | $321.25 | $0.00 | $272.69 | $48,823.08 |
| 111 | $48,823.08 | $321.25 | $0.00 | $276.05 | $49,420.38 |
| 112 | $49,420.38 | $321.25 | $0.00 | $279.43 | $50,021.06 |
| 113 | $50,021.06 | $321.25 | $0.00 | $282.83 | $50,625.14 |
| 114 | $50,625.14 | $321.25 | $0.00 | $286.24 | $51,232.63 |
| 115 | $51,232.63 | $321.25 | $0.00 | $289.68 | $51,843.56 |
| 116 | $51,843.56 | $321.25 | $0.00 | $293.13 | $52,457.94 |
| 117 | $52,457.94 | $321.25 | $0.00 | $296.60 | $53,075.79 |
| 118 | $53,075.79 | $321.25 | $0.00 | $300.10 | $53,697.14 |
| 119 | $53,697.14 | $321.25 | $0.00 | $303.61 | $54,322.00 |
| 120 | $54,322.00 | $321.25 | $0.00 | $307.14 | $54,950.39 |
| 121 | $54,950.39 | $321.25 | $0.00 | $310.70 | $55,582.34 |
| 122 | $55,582.34 | $321.25 | $0.00 | $314.27 | $56,217.86 |
| 123 | $56,217.86 | $321.25 | $0.00 | $317.86 | $56,856.97 |
| 124 | $56,856.97 | $321.25 | $0.00 | $321.48 | $57,499.70 |
| 125 | $57,499.70 | $321.25 | $0.00 | $325.11 | $58,146.06 |
| 126 | $58,146.06 | $321.25 | $0.00 | $328.77 | $58,796.08 |
| 127 | $58,796.08 | $321.25 | $0.00 | $332.44 | $59,449.77 |
| 128 | $59,449.77 | $321.25 | $0.00 | $336.14 | $60,107.16 |
| 129 | $60,107.16 | $321.25 | $0.00 | $339.85 | $60,768.26 |
| 130 | $60,768.26 | $321.25 | $0.00 | $343.59 | $61,433.10 |
| 131 | $61,433.10 | $321.25 | $0.00 | $347.35 | $62,101.70 |
| 132 | $62,101.70 | $321.25 | $0.00 | $351.13 | $62,774.08 |
| 133 | $62,774.08 | $321.25 | $0.00 | $354.93 | $63,450.26 |
| 134 | $63,450.26 | $321.25 | $0.00 | $358.76 | $64,130.27 |
| 135 | $64,130.27 | $321.25 | $0.00 | $362.60 | $64,814.12 |
| 136 | $64,814.12 | $321.25 | $0.00 | $366.47 | $65,501.84 |
| 137 | $65,501.84 | $321.25 | $0.00 | $370.36 | $66,193.45 |
| 138 | $66,193.45 | $321.25 | $0.00 | $374.27 | $66,888.97 |
| 139 | $66,888.97 | $321.25 | $0.00 | $378.20 | $67,588.42 |
| 140 | $67,588.42 | $321.25 | $0.00 | $382.15 | $68,291.82 |
| 141 | $68,291.82 | $321.25 | $0.00 | $386.13 | $68,999.20 |
| 142 | $68,999.20 | $321.25 | $0.00 | $390.13 | $69,710.58 |
| 143 | $69,710.58 | $321.25 | $0.00 | $394.15 | $70,425.98 |
| 144 | $70,425.98 | $321.25 | $0.00 | $398.20 | $71,145.43 |
| 145 | $71,145.43 | $321.25 | $0.00 | $402.27 | $71,868.95 |
| 146 | $71,868.95 | $321.25 | $0.00 | $406.36 | $72,596.56 |
| 147 | $72,596.56 | $321.25 | $0.00 | $410.47 | $73,328.28 |
| 148 | $73,328.28 | $321.25 | $0.00 | $414.61 | $74,064.14 |
| 149 | $74,064.14 | $321.25 | $0.00 | $418.77 | $74,804.16 |
| 150 | $74,804.16 | $321.25 | $0.00 | $422.95 | $75,548.36 |
| 151 | $75,548.36 | $321.25 | $0.00 | $427.16 | $76,296.77 |
| 152 | $76,296.77 | $321.25 | $0.00 | $431.39 | $77,049.41 |
| 153 | $77,049.41 | $321.25 | $0.00 | $435.65 | $77,806.31 |
| 154 | $77,806.31 | $321.25 | $0.00 | $439.93 | $78,567.49 |
| 155 | $78,567.49 | $321.25 | $0.00 | $444.23 | $79,332.97 |
| 156 | $79,332.97 | $321.25 | $0.00 | $448.56 | $80,102.78 |
| 157 | $80,102.78 | $321.25 | $0.00 | $452.91 | $80,876.94 |
| 158 | $80,876.94 | $321.25 | $0.00 | $457.29 | $81,655.48 |
| 159 | $81,655.48 | $321.25 | $0.00 | $461.69 | $82,438.42 |
| 160 | $82,438.42 | $321.25 | $0.00 | $466.12 | $83,225.79 |
| 161 | $83,225.79 | $321.25 | $0.00 | $470.57 | $84,017.61 |
| 162 | $84,017.61 | $321.25 | $0.00 | $475.05 | $84,813.91 |
| 163 | $84,813.91 | $321.25 | $0.00 | $479.55 | $85,614.71 |
| 164 | $85,614.71 | $321.25 | $0.00 | $484.08 | $86,420.04 |
| 165 | $86,420.04 | $321.25 | $0.00 | $488.63 | $87,229.92 |
| 166 | $87,229.92 | $321.25 | $0.00 | $493.21 | $88,044.38 |
| 167 | $88,044.38 | $321.25 | $0.00 | $497.82 | $88,863.45 |
| 168 | $88,863.45 | $321.25 | $0.00 | $502.45 | $89,687.15 |
| 169 | $89,687.15 | $321.25 | $0.00 | $507.10 | $90,515.50 |
| 170 | $90,515.50 | $321.25 | $0.00 | $511.79 | $91,348.54 |
| 171 | $91,348.54 | $321.25 | $0.00 | $516.50 | $92,186.29 |
| 172 | $92,186.29 | $321.25 | $0.00 | $521.23 | $93,028.77 |
| 173 | $93,028.77 | $321.25 | $0.00 | $526.00 | $93,876.02 |
| 174 | $93,876.02 | $321.25 | $0.00 | $530.79 | $94,728.06 |
| 175 | $94,728.06 | $321.25 | $0.00 | $535.61 | $95,584.92 |
| 176 | $95,584.92 | $321.25 | $0.00 | $540.45 | $96,446.62 |
| 177 | $96,446.62 | $321.25 | $0.00 | $545.32 | $97,313.19 |
| 178 | $97,313.19 | $321.25 | $0.00 | $550.22 | $98,184.66 |
| 179 | $98,184.66 | $321.25 | $0.00 | $555.15 | $99,061.06 |
| 180 | $99,061.06 | $321.25 | $0.00 | $560.11 | $99,942.42 |
| 181 | $99,942.42 | $321.25 | $0.00 | $565.09 | $100,828.76 |
| 182 | $100,828.76 | $321.25 | $0.00 | $570.10 | $101,720.11 |
| 183 | $101,720.11 | $321.25 | $0.00 | $575.14 | $102,616.50 |
| 184 | $102,616.50 | $321.25 | $0.00 | $580.21 | $103,517.96 |
| 185 | $103,517.96 | $321.25 | $0.00 | $585.31 | $104,424.52 |
| 186 | $104,424.52 | $321.25 | $0.00 | $590.43 | $105,336.20 |
| 187 | $105,336.20 | $321.25 | $0.00 | $595.59 | $106,253.04 |
| 188 | $106,253.04 | $321.25 | $0.00 | $600.77 | $107,175.06 |
| 189 | $107,175.06 | $321.25 | $0.00 | $605.98 | $108,102.29 |
| 190 | $108,102.29 | $321.25 | $0.00 | $611.23 | $109,034.77 |
| 191 | $109,034.77 | $321.25 | $0.00 | $616.50 | $109,972.52 |
| 192 | $109,972.52 | $321.25 | $0.00 | $621.80 | $110,915.57 |
| 193 | $110,915.57 | $321.25 | $0.00 | $627.13 | $111,863.95 |
| 194 | $111,863.95 | $321.25 | $0.00 | $632.50 | $112,817.70 |
| 195 | $112,817.70 | $321.25 | $0.00 | $637.89 | $113,776.84 |
| 196 | $113,776.84 | $321.25 | $0.00 | $643.31 | $114,741.40 |
| 197 | $114,741.40 | $321.25 | $0.00 | $648.76 | $115,711.41 |
| 198 | $115,711.41 | $321.25 | $0.00 | $654.25 | $116,686.91 |
| 199 | $116,686.91 | $321.25 | $0.00 | $659.76 | $117,667.92 |
| 200 | $117,667.92 | $321.25 | $0.00 | $665.31 | $118,654.48 |
| 201 | $118,654.48 | $321.25 | $0.00 | $670.89 | $119,646.62 |
| 202 | $119,646.62 | $321.25 | $0.00 | $676.50 | $120,644.37 |
| 203 | $120,644.37 | $321.25 | $0.00 | $682.14 | $121,647.76 |
| 204 | $121,647.76 | $321.25 | $0.00 | $687.81 | $122,656.82 |
| 205 | $122,656.82 | $321.25 | $0.00 | $693.52 | $123,671.59 |
| 206 | $123,671.59 | $321.25 | $0.00 | $699.26 | $124,692.10 |
| 207 | $124,692.10 | $321.25 | $0.00 | $705.03 | $125,718.38 |
| 208 | $125,718.38 | $321.25 | $0.00 | $710.83 | $126,750.46 |
| 209 | $126,750.46 | $321.25 | $0.00 | $716.67 | $127,788.38 |
| 210 | $127,788.38 | $321.25 | $0.00 | $722.53 | $128,832.16 |
| 211 | $128,832.16 | $321.25 | $0.00 | $728.44 | $129,881.85 |
| 212 | $129,881.85 | $321.25 | $0.00 | $734.37 | $130,937.47 |
| 213 | $130,937.47 | $321.25 | $0.00 | $740.34 | $131,999.06 |
| 214 | $131,999.06 | $321.25 | $0.00 | $746.34 | $133,066.65 |
| 215 | $133,066.65 | $321.25 | $0.00 | $752.38 | $134,140.28 |
| 216 | $134,140.28 | $321.25 | $0.00 | $758.45 | $135,219.98 |
| 217 | $135,219.98 | $321.25 | $69,863.20 | $764.55 | $66,442.58 |
| 218 | $66,442.58 | $321.25 | $0.00 | $375.68 | $67,139.51 |
| 219 | $67,139.51 | $321.25 | $0.00 | $379.62 | $67,840.38 |
| 220 | $67,840.38 | $321.25 | $0.00 | $383.58 | $68,545.21 |
| 221 | $68,545.21 | $321.25 | $0.00 | $387.56 | $69,254.02 |
| 222 | $69,254.02 | $321.25 | $0.00 | $391.57 | $69,966.84 |
| 223 | $69,966.84 | $321.25 | $0.00 | $395.60 | $70,683.69 |
| 224 | $70,683.69 | $321.25 | $0.00 | $399.66 | $71,404.60 |
| 225 | $71,404.60 | $321.25 | $0.00 | $403.73 | $72,129.58 |
| 226 | $72,129.58 | $321.25 | $0.00 | $407.83 | $72,858.66 |
| 227 | $72,858.66 | $321.25 | $0.00 | $411.95 | $73,591.86 |
| 228 | $73,591.86 | $321.25 | $0.00 | $416.10 | $74,329.21 |
| 229 | $74,329.21 | $0.00 | $74,753.62 | $420.27 | -$4.14 |