Savings Plan and Future Cost Estimation for Kennebec Valley Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$60,614
Monthly savings required$269

How much will it cost to send your child to Kennebec Valley Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $121,227.66 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $269.30 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$17,327.00
Years until enrollment18
Annual Tuition Increase7%
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 $269.30 $0.00 $0.00 $269.30
2 $269.30 $269.30 $0.00 $1.52 $540.12
3 $540.12 $269.30 $0.00 $3.05 $812.47
4 $812.47 $269.30 $0.00 $4.59 $1,086.36
5 $1,086.36 $269.30 $0.00 $6.14 $1,361.80
6 $1,361.80 $269.30 $0.00 $7.70 $1,638.80
7 $1,638.80 $269.30 $0.00 $9.27 $1,917.37
8 $1,917.37 $269.30 $0.00 $10.84 $2,197.51
9 $2,197.51 $269.30 $0.00 $12.43 $2,479.24
10 $2,479.24 $269.30 $0.00 $14.02 $2,762.56
11 $2,762.56 $269.30 $0.00 $15.62 $3,047.48
12 $3,047.48 $269.30 $0.00 $17.23 $3,334.01
13 $3,334.01 $269.30 $0.00 $18.85 $3,622.16
14 $3,622.16 $269.30 $0.00 $20.48 $3,911.94
15 $3,911.94 $269.30 $0.00 $22.12 $4,203.36
16 $4,203.36 $269.30 $0.00 $23.77 $4,496.43
17 $4,496.43 $269.30 $0.00 $25.42 $4,791.15
18 $4,791.15 $269.30 $0.00 $27.09 $5,087.54
19 $5,087.54 $269.30 $0.00 $28.77 $5,385.61
20 $5,385.61 $269.30 $0.00 $30.45 $5,685.36
21 $5,685.36 $269.30 $0.00 $32.15 $5,986.81
22 $5,986.81 $269.30 $0.00 $33.85 $6,289.96
23 $6,289.96 $269.30 $0.00 $35.56 $6,594.82
24 $6,594.82 $269.30 $0.00 $37.29 $6,901.41
25 $6,901.41 $269.30 $0.00 $39.02 $7,209.73
26 $7,209.73 $269.30 $0.00 $40.76 $7,519.79
27 $7,519.79 $269.30 $0.00 $42.52 $7,831.61
28 $7,831.61 $269.30 $0.00 $44.28 $8,145.19
29 $8,145.19 $269.30 $0.00 $46.05 $8,460.54
30 $8,460.54 $269.30 $0.00 $47.84 $8,777.68
31 $8,777.68 $269.30 $0.00 $49.63 $9,096.61
32 $9,096.61 $269.30 $0.00 $51.43 $9,417.34
33 $9,417.34 $269.30 $0.00 $53.25 $9,739.89
34 $9,739.89 $269.30 $0.00 $55.07 $10,064.26
35 $10,064.26 $269.30 $0.00 $56.90 $10,390.46
36 $10,390.46 $269.30 $0.00 $58.75 $10,718.51
37 $10,718.51 $269.30 $0.00 $60.60 $11,048.41
38 $11,048.41 $269.30 $0.00 $62.47 $11,380.18
39 $11,380.18 $269.30 $0.00 $64.35 $11,713.83
40 $11,713.83 $269.30 $0.00 $66.23 $12,049.36
41 $12,049.36 $269.30 $0.00 $68.13 $12,386.79
42 $12,386.79 $269.30 $0.00 $70.04 $12,726.13
43 $12,726.13 $269.30 $0.00 $71.96 $13,067.39
44 $13,067.39 $269.30 $0.00 $73.88 $13,410.57
45 $13,410.57 $269.30 $0.00 $75.83 $13,755.70
46 $13,755.70 $269.30 $0.00 $77.78 $14,102.78
47 $14,102.78 $269.30 $0.00 $79.74 $14,451.82
48 $14,451.82 $269.30 $0.00 $81.71 $14,802.83
49 $14,802.83 $269.30 $0.00 $83.70 $15,155.83
50 $15,155.83 $269.30 $0.00 $85.69 $15,510.82
51 $15,510.82 $269.30 $0.00 $87.70 $15,867.82
52 $15,867.82 $269.30 $0.00 $89.72 $16,226.84
53 $16,226.84 $269.30 $0.00 $91.75 $16,587.89
54 $16,587.89 $269.30 $0.00 $93.79 $16,950.98
55 $16,950.98 $269.30 $0.00 $95.84 $17,316.12
56 $17,316.12 $269.30 $0.00 $97.91 $17,683.33
57 $17,683.33 $269.30 $0.00 $99.98 $18,052.61
58 $18,052.61 $269.30 $0.00 $102.07 $18,423.98
59 $18,423.98 $269.30 $0.00 $104.17 $18,797.45
60 $18,797.45 $269.30 $0.00 $106.28 $19,173.03
61 $19,173.03 $269.30 $0.00 $108.41 $19,550.74
62 $19,550.74 $269.30 $0.00 $110.54 $19,930.58
63 $19,930.58 $269.30 $0.00 $112.69 $20,312.57
64 $20,312.57 $269.30 $0.00 $114.85 $20,696.72
65 $20,696.72 $269.30 $0.00 $117.02 $21,083.04
66 $21,083.04 $269.30 $0.00 $119.21 $21,471.55
67 $21,471.55 $269.30 $0.00 $121.40 $21,862.25
68 $21,862.25 $269.30 $0.00 $123.61 $22,255.16
69 $22,255.16 $269.30 $0.00 $125.83 $22,650.29
70 $22,650.29 $269.30 $0.00 $128.07 $23,047.66
71 $23,047.66 $269.30 $0.00 $130.31 $23,447.27
72 $23,447.27 $269.30 $0.00 $132.57 $23,849.14
73 $23,849.14 $269.30 $0.00 $134.85 $24,253.29
74 $24,253.29 $269.30 $0.00 $137.13 $24,659.72
75 $24,659.72 $269.30 $0.00 $139.43 $25,068.45
76 $25,068.45 $269.30 $0.00 $141.74 $25,479.49
77 $25,479.49 $269.30 $0.00 $144.06 $25,892.85
78 $25,892.85 $269.30 $0.00 $146.40 $26,308.55
79 $26,308.55 $269.30 $0.00 $148.75 $26,726.60
80 $26,726.60 $269.30 $0.00 $151.12 $27,147.02
81 $27,147.02 $269.30 $0.00 $153.49 $27,569.81
82 $27,569.81 $269.30 $0.00 $155.88 $27,994.99
83 $27,994.99 $269.30 $0.00 $158.29 $28,422.58
84 $28,422.58 $269.30 $0.00 $160.71 $28,852.59
85 $28,852.59 $269.30 $0.00 $163.14 $29,285.03
86 $29,285.03 $269.30 $0.00 $165.58 $29,719.91
87 $29,719.91 $269.30 $0.00 $168.04 $30,157.25
88 $30,157.25 $269.30 $0.00 $170.51 $30,597.06
89 $30,597.06 $269.30 $0.00 $173.00 $31,039.36
90 $31,039.36 $269.30 $0.00 $175.50 $31,484.16
91 $31,484.16 $269.30 $0.00 $178.02 $31,931.48
92 $31,931.48 $269.30 $0.00 $180.55 $32,381.33
93 $32,381.33 $269.30 $0.00 $183.09 $32,833.72
94 $32,833.72 $269.30 $0.00 $185.65 $33,288.67
95 $33,288.67 $269.30 $0.00 $188.22 $33,746.19
96 $33,746.19 $269.30 $0.00 $190.81 $34,206.30
97 $34,206.30 $269.30 $0.00 $193.41 $34,669.01
98 $34,669.01 $269.30 $0.00 $196.02 $35,134.33
99 $35,134.33 $269.30 $0.00 $198.65 $35,602.28
100 $35,602.28 $269.30 $0.00 $201.30 $36,072.88
101 $36,072.88 $269.30 $0.00 $203.96 $36,546.14
102 $36,546.14 $269.30 $0.00 $206.64 $37,022.08
103 $37,022.08 $269.30 $0.00 $209.33 $37,500.71
104 $37,500.71 $269.30 $0.00 $212.03 $37,982.04
105 $37,982.04 $269.30 $0.00 $214.76 $38,466.10
106 $38,466.10 $269.30 $0.00 $217.49 $38,952.89
107 $38,952.89 $269.30 $0.00 $220.25 $39,442.44
108 $39,442.44 $269.30 $0.00 $223.01 $39,934.75
109 $39,934.75 $269.30 $0.00 $225.80 $40,429.85
110 $40,429.85 $269.30 $0.00 $228.60 $40,927.75
111 $40,927.75 $269.30 $0.00 $231.41 $41,428.46
112 $41,428.46 $269.30 $0.00 $234.24 $41,932.00
113 $41,932.00 $269.30 $0.00 $237.09 $42,438.39
114 $42,438.39 $269.30 $0.00 $239.95 $42,947.64
115 $42,947.64 $269.30 $0.00 $242.83 $43,459.77
116 $43,459.77 $269.30 $0.00 $245.73 $43,974.80
117 $43,974.80 $269.30 $0.00 $248.64 $44,492.74
118 $44,492.74 $269.30 $0.00 $251.57 $45,013.61
119 $45,013.61 $269.30 $0.00 $254.51 $45,537.42
120 $45,537.42 $269.30 $0.00 $257.48 $46,064.20
121 $46,064.20 $269.30 $0.00 $260.45 $46,593.95
122 $46,593.95 $269.30 $0.00 $263.45 $47,126.70
123 $47,126.70 $269.30 $0.00 $266.46 $47,662.46
124 $47,662.46 $269.30 $0.00 $269.49 $48,201.25
125 $48,201.25 $269.30 $0.00 $272.54 $48,743.09
126 $48,743.09 $269.30 $0.00 $275.60 $49,287.99
127 $49,287.99 $269.30 $0.00 $278.68 $49,835.97
128 $49,835.97 $269.30 $0.00 $281.78 $50,387.05
129 $50,387.05 $269.30 $0.00 $284.90 $50,941.25
130 $50,941.25 $269.30 $0.00 $288.03 $51,498.58
131 $51,498.58 $269.30 $0.00 $291.18 $52,059.06
132 $52,059.06 $269.30 $0.00 $294.35 $52,622.71
133 $52,622.71 $269.30 $0.00 $297.54 $53,189.55
134 $53,189.55 $269.30 $0.00 $300.74 $53,759.59
135 $53,759.59 $269.30 $0.00 $303.96 $54,332.85
136 $54,332.85 $269.30 $0.00 $307.21 $54,909.36
137 $54,909.36 $269.30 $0.00 $310.47 $55,489.13
138 $55,489.13 $269.30 $0.00 $313.74 $56,072.17
139 $56,072.17 $269.30 $0.00 $317.04 $56,658.51
140 $56,658.51 $269.30 $0.00 $320.36 $57,248.17
141 $57,248.17 $269.30 $0.00 $323.69 $57,841.16
142 $57,841.16 $269.30 $0.00 $327.04 $58,437.50
143 $58,437.50 $269.30 $0.00 $330.41 $59,037.21
144 $59,037.21 $269.30 $0.00 $333.80 $59,640.31
145 $59,640.31 $269.30 $0.00 $337.21 $60,246.82
146 $60,246.82 $269.30 $0.00 $340.64 $60,856.76
147 $60,856.76 $269.30 $0.00 $344.09 $61,470.15
148 $61,470.15 $269.30 $0.00 $347.56 $62,087.01
149 $62,087.01 $269.30 $0.00 $351.05 $62,707.36
150 $62,707.36 $269.30 $0.00 $354.56 $63,331.22
151 $63,331.22 $269.30 $0.00 $358.08 $63,958.60
152 $63,958.60 $269.30 $0.00 $361.63 $64,589.53
153 $64,589.53 $269.30 $0.00 $365.20 $65,224.03
154 $65,224.03 $269.30 $0.00 $368.79 $65,862.12
155 $65,862.12 $269.30 $0.00 $372.39 $66,503.81
156 $66,503.81 $269.30 $0.00 $376.02 $67,149.13
157 $67,149.13 $269.30 $0.00 $379.67 $67,798.10
158 $67,798.10 $269.30 $0.00 $383.34 $68,450.74
159 $68,450.74 $269.30 $0.00 $387.03 $69,107.07
160 $69,107.07 $269.30 $0.00 $390.74 $69,767.11
161 $69,767.11 $269.30 $0.00 $394.47 $70,430.88
162 $70,430.88 $269.30 $0.00 $398.23 $71,098.41
163 $71,098.41 $269.30 $0.00 $402.00 $71,769.71
164 $71,769.71 $269.30 $0.00 $405.80 $72,444.81
165 $72,444.81 $269.30 $0.00 $409.61 $73,123.72
166 $73,123.72 $269.30 $0.00 $413.45 $73,806.47
167 $73,806.47 $269.30 $0.00 $417.31 $74,493.08
168 $74,493.08 $269.30 $0.00 $421.19 $75,183.57
169 $75,183.57 $269.30 $0.00 $425.10 $75,877.97
170 $75,877.97 $269.30 $0.00 $429.03 $76,576.30
171 $76,576.30 $269.30 $0.00 $432.97 $77,278.57
172 $77,278.57 $269.30 $0.00 $436.94 $77,984.81
173 $77,984.81 $269.30 $0.00 $440.94 $78,695.05
174 $78,695.05 $269.30 $0.00 $444.95 $79,409.30
175 $79,409.30 $269.30 $0.00 $448.99 $80,127.59
176 $80,127.59 $269.30 $0.00 $453.05 $80,849.94
177 $80,849.94 $269.30 $0.00 $457.14 $81,576.38
178 $81,576.38 $269.30 $0.00 $461.24 $82,306.92
179 $82,306.92 $269.30 $0.00 $465.38 $83,041.60
180 $83,041.60 $269.30 $0.00 $469.53 $83,780.43
181 $83,780.43 $269.30 $0.00 $473.71 $84,523.44
182 $84,523.44 $269.30 $0.00 $477.91 $85,270.65
183 $85,270.65 $269.30 $0.00 $482.13 $86,022.08
184 $86,022.08 $269.30 $0.00 $486.38 $86,777.76
185 $86,777.76 $269.30 $0.00 $490.65 $87,537.71
186 $87,537.71 $269.30 $0.00 $494.95 $88,301.96
187 $88,301.96 $269.30 $0.00 $499.27 $89,070.53
188 $89,070.53 $269.30 $0.00 $503.62 $89,843.45
189 $89,843.45 $269.30 $0.00 $507.99 $90,620.74
190 $90,620.74 $269.30 $0.00 $512.38 $91,402.42
191 $91,402.42 $269.30 $0.00 $516.80 $92,188.52
192 $92,188.52 $269.30 $0.00 $521.25 $92,979.07
193 $92,979.07 $269.30 $0.00 $525.72 $93,774.09
194 $93,774.09 $269.30 $0.00 $530.21 $94,573.60
195 $94,573.60 $269.30 $0.00 $534.73 $95,377.63
196 $95,377.63 $269.30 $0.00 $539.28 $96,186.21
197 $96,186.21 $269.30 $0.00 $543.85 $96,999.36
198 $96,999.36 $269.30 $0.00 $548.45 $97,817.11
199 $97,817.11 $269.30 $0.00 $553.07 $98,639.48
200 $98,639.48 $269.30 $0.00 $557.72 $99,466.50
201 $99,466.50 $269.30 $0.00 $562.40 $100,298.20
202 $100,298.20 $269.30 $0.00 $567.10 $101,134.60
203 $101,134.60 $269.30 $0.00 $571.83 $101,975.73
204 $101,975.73 $269.30 $0.00 $576.59 $102,821.62
205 $102,821.62 $269.30 $0.00 $581.37 $103,672.29
206 $103,672.29 $269.30 $0.00 $586.18 $104,527.77
207 $104,527.77 $269.30 $0.00 $591.02 $105,388.09
208 $105,388.09 $269.30 $0.00 $595.88 $106,253.27
209 $106,253.27 $269.30 $0.00 $600.77 $107,123.34
210 $107,123.34 $269.30 $0.00 $605.69 $107,998.33
211 $107,998.33 $269.30 $0.00 $610.64 $108,878.27
212 $108,878.27 $269.30 $0.00 $615.61 $109,763.18
213 $109,763.18 $269.30 $0.00 $620.62 $110,653.10
214 $110,653.10 $269.30 $0.00 $625.65 $111,548.05
215 $111,548.05 $269.30 $0.00 $630.71 $112,448.06
216 $112,448.06 $269.30 $0.00 $635.80 $113,353.16
217 $113,353.16 $269.30 $58,564.09 $640.92 $55,699.29
218 $55,699.29 $269.30 $0.00 $314.93 $56,283.52
219 $56,283.52 $269.30 $0.00 $318.24 $56,871.06
220 $56,871.06 $269.30 $0.00 $321.56 $57,461.92
221 $57,461.92 $269.30 $0.00 $324.90 $58,056.12
222 $58,056.12 $269.30 $0.00 $328.26 $58,653.68
223 $58,653.68 $269.30 $0.00 $331.64 $59,254.62
224 $59,254.62 $269.30 $0.00 $335.03 $59,858.95
225 $59,858.95 $269.30 $0.00 $338.45 $60,466.70
226 $60,466.70 $269.30 $0.00 $341.89 $61,077.89
227 $61,077.89 $269.30 $0.00 $345.34 $61,692.53
228 $61,692.53 $269.30 $0.00 $348.82 $62,310.65
229 $62,310.65 $0.00 $62,663.57 $352.31 -$0.61