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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$55,616
Monthly savings required$247

How much will it cost to send your child to Saint Paul College A Community and Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $111,232.26 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $247.17 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$22,546.00
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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Discover how much will you need to start saving now to afford Saint Paul College A Community and Technical College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $247.17 $0.00 $0.00 $247.17
2 $247.17 $247.17 $0.00 $1.40 $495.74
3 $495.74 $247.17 $0.00 $2.80 $745.71
4 $745.71 $247.17 $0.00 $4.22 $997.10
5 $997.10 $247.17 $0.00 $5.64 $1,249.91
6 $1,249.91 $247.17 $0.00 $7.07 $1,504.15
7 $1,504.15 $247.17 $0.00 $8.50 $1,759.82
8 $1,759.82 $247.17 $0.00 $9.95 $2,016.94
9 $2,016.94 $247.17 $0.00 $11.40 $2,275.51
10 $2,275.51 $247.17 $0.00 $12.87 $2,535.55
11 $2,535.55 $247.17 $0.00 $14.34 $2,797.06
12 $2,797.06 $247.17 $0.00 $15.81 $3,060.04
13 $3,060.04 $247.17 $0.00 $17.30 $3,324.51
14 $3,324.51 $247.17 $0.00 $18.80 $3,590.48
15 $3,590.48 $247.17 $0.00 $20.30 $3,857.95
16 $3,857.95 $247.17 $0.00 $21.81 $4,126.93
17 $4,126.93 $247.17 $0.00 $23.33 $4,397.43
18 $4,397.43 $247.17 $0.00 $24.86 $4,669.46
19 $4,669.46 $247.17 $0.00 $26.40 $4,943.03
20 $4,943.03 $247.17 $0.00 $27.95 $5,218.15
21 $5,218.15 $247.17 $0.00 $29.50 $5,494.82
22 $5,494.82 $247.17 $0.00 $31.07 $5,773.06
23 $5,773.06 $247.17 $0.00 $32.64 $6,052.87
24 $6,052.87 $247.17 $0.00 $34.22 $6,334.26
25 $6,334.26 $247.17 $0.00 $35.81 $6,617.24
26 $6,617.24 $247.17 $0.00 $37.41 $6,901.82
27 $6,901.82 $247.17 $0.00 $39.02 $7,188.01
28 $7,188.01 $247.17 $0.00 $40.64 $7,475.82
29 $7,475.82 $247.17 $0.00 $42.27 $7,765.26
30 $7,765.26 $247.17 $0.00 $43.91 $8,056.34
31 $8,056.34 $247.17 $0.00 $45.55 $8,349.06
32 $8,349.06 $247.17 $0.00 $47.21 $8,643.44
33 $8,643.44 $247.17 $0.00 $48.87 $8,939.48
34 $8,939.48 $247.17 $0.00 $50.55 $9,237.20
35 $9,237.20 $247.17 $0.00 $52.23 $9,536.60
36 $9,536.60 $247.17 $0.00 $53.92 $9,837.69
37 $9,837.69 $247.17 $0.00 $55.62 $10,140.48
38 $10,140.48 $247.17 $0.00 $57.34 $10,444.99
39 $10,444.99 $247.17 $0.00 $59.06 $10,751.22
40 $10,751.22 $247.17 $0.00 $60.79 $11,059.18
41 $11,059.18 $247.17 $0.00 $62.53 $11,368.88
42 $11,368.88 $247.17 $0.00 $64.28 $11,680.33
43 $11,680.33 $247.17 $0.00 $66.04 $11,993.54
44 $11,993.54 $247.17 $0.00 $67.81 $12,308.52
45 $12,308.52 $247.17 $0.00 $69.59 $12,625.28
46 $12,625.28 $247.17 $0.00 $71.39 $12,943.84
47 $12,943.84 $247.17 $0.00 $73.19 $13,264.20
48 $13,264.20 $247.17 $0.00 $75.00 $13,586.37
49 $13,586.37 $247.17 $0.00 $76.82 $13,910.36
50 $13,910.36 $247.17 $0.00 $78.65 $14,236.18
51 $14,236.18 $247.17 $0.00 $80.49 $14,563.84
52 $14,563.84 $247.17 $0.00 $82.35 $14,893.36
53 $14,893.36 $247.17 $0.00 $84.21 $15,224.74
54 $15,224.74 $247.17 $0.00 $86.08 $15,557.99
55 $15,557.99 $247.17 $0.00 $87.97 $15,893.13
56 $15,893.13 $247.17 $0.00 $89.86 $16,230.16
57 $16,230.16 $247.17 $0.00 $91.77 $16,569.10
58 $16,569.10 $247.17 $0.00 $93.68 $16,909.95
59 $16,909.95 $247.17 $0.00 $95.61 $17,252.73
60 $17,252.73 $247.17 $0.00 $97.55 $17,597.45
61 $17,597.45 $247.17 $0.00 $99.50 $17,944.12
62 $17,944.12 $247.17 $0.00 $101.46 $18,292.75
63 $18,292.75 $247.17 $0.00 $103.43 $18,643.35
64 $18,643.35 $247.17 $0.00 $105.41 $18,995.93
65 $18,995.93 $247.17 $0.00 $107.41 $19,350.51
66 $19,350.51 $247.17 $0.00 $109.41 $19,707.09
67 $19,707.09 $247.17 $0.00 $111.43 $20,065.69
68 $20,065.69 $247.17 $0.00 $113.45 $20,426.31
69 $20,426.31 $247.17 $0.00 $115.49 $20,788.97
70 $20,788.97 $247.17 $0.00 $117.54 $21,153.68
71 $21,153.68 $247.17 $0.00 $119.61 $21,520.46
72 $21,520.46 $247.17 $0.00 $121.68 $21,889.31
73 $21,889.31 $247.17 $0.00 $123.77 $22,260.25
74 $22,260.25 $247.17 $0.00 $125.86 $22,633.28
75 $22,633.28 $247.17 $0.00 $127.97 $23,008.42
76 $23,008.42 $247.17 $0.00 $130.09 $23,385.68
77 $23,385.68 $247.17 $0.00 $132.23 $23,765.08
78 $23,765.08 $247.17 $0.00 $134.37 $24,146.62
79 $24,146.62 $247.17 $0.00 $136.53 $24,530.32
80 $24,530.32 $247.17 $0.00 $138.70 $24,916.19
81 $24,916.19 $247.17 $0.00 $140.88 $25,304.24
82 $25,304.24 $247.17 $0.00 $143.07 $25,694.48
83 $25,694.48 $247.17 $0.00 $145.28 $26,086.93
84 $26,086.93 $247.17 $0.00 $147.50 $26,481.60
85 $26,481.60 $247.17 $0.00 $149.73 $26,878.50
86 $26,878.50 $247.17 $0.00 $151.97 $27,277.64
87 $27,277.64 $247.17 $0.00 $154.23 $27,679.04
88 $27,679.04 $247.17 $0.00 $156.50 $28,082.71
89 $28,082.71 $247.17 $0.00 $158.78 $28,488.66
90 $28,488.66 $247.17 $0.00 $161.08 $28,896.91
91 $28,896.91 $247.17 $0.00 $163.39 $29,307.47
92 $29,307.47 $247.17 $0.00 $165.71 $29,720.35
93 $29,720.35 $247.17 $0.00 $168.04 $30,135.56
94 $30,135.56 $247.17 $0.00 $170.39 $30,553.12
95 $30,553.12 $247.17 $0.00 $172.75 $30,973.04
96 $30,973.04 $247.17 $0.00 $175.13 $31,395.34
97 $31,395.34 $247.17 $0.00 $177.51 $31,820.02
98 $31,820.02 $247.17 $0.00 $179.92 $32,247.11
99 $32,247.11 $247.17 $0.00 $182.33 $32,676.61
100 $32,676.61 $247.17 $0.00 $184.76 $33,108.54
101 $33,108.54 $247.17 $0.00 $187.20 $33,542.91
102 $33,542.91 $247.17 $0.00 $189.66 $33,979.74
103 $33,979.74 $247.17 $0.00 $192.13 $34,419.04
104 $34,419.04 $247.17 $0.00 $194.61 $34,860.82
105 $34,860.82 $247.17 $0.00 $197.11 $35,305.10
106 $35,305.10 $247.17 $0.00 $199.62 $35,751.89
107 $35,751.89 $247.17 $0.00 $202.15 $36,201.21
108 $36,201.21 $247.17 $0.00 $204.69 $36,653.07
109 $36,653.07 $247.17 $0.00 $207.24 $37,107.48
110 $37,107.48 $247.17 $0.00 $209.81 $37,564.46
111 $37,564.46 $247.17 $0.00 $212.39 $38,024.02
112 $38,024.02 $247.17 $0.00 $214.99 $38,486.18
113 $38,486.18 $247.17 $0.00 $217.61 $38,950.96
114 $38,950.96 $247.17 $0.00 $220.23 $39,418.36
115 $39,418.36 $247.17 $0.00 $222.88 $39,888.41
116 $39,888.41 $247.17 $0.00 $225.53 $40,361.11
117 $40,361.11 $247.17 $0.00 $228.21 $40,836.49
118 $40,836.49 $247.17 $0.00 $230.90 $41,314.56
119 $41,314.56 $247.17 $0.00 $233.60 $41,795.33
120 $41,795.33 $247.17 $0.00 $236.32 $42,278.82
121 $42,278.82 $247.17 $0.00 $239.05 $42,765.04
122 $42,765.04 $247.17 $0.00 $241.80 $43,254.01
123 $43,254.01 $247.17 $0.00 $244.56 $43,745.74
124 $43,745.74 $247.17 $0.00 $247.34 $44,240.25
125 $44,240.25 $247.17 $0.00 $250.14 $44,737.56
126 $44,737.56 $247.17 $0.00 $252.95 $45,237.68
127 $45,237.68 $247.17 $0.00 $255.78 $45,740.63
128 $45,740.63 $247.17 $0.00 $258.62 $46,246.42
129 $46,246.42 $247.17 $0.00 $261.48 $46,755.07
130 $46,755.07 $247.17 $0.00 $264.36 $47,266.60
131 $47,266.60 $247.17 $0.00 $267.25 $47,781.02
132 $47,781.02 $247.17 $0.00 $270.16 $48,298.35
133 $48,298.35 $247.17 $0.00 $273.09 $48,818.61
134 $48,818.61 $247.17 $0.00 $276.03 $49,341.81
135 $49,341.81 $247.17 $0.00 $278.99 $49,867.97
136 $49,867.97 $247.17 $0.00 $281.96 $50,397.10
137 $50,397.10 $247.17 $0.00 $284.95 $50,929.22
138 $50,929.22 $247.17 $0.00 $287.96 $51,464.35
139 $51,464.35 $247.17 $0.00 $290.99 $52,002.51
140 $52,002.51 $247.17 $0.00 $294.03 $52,543.71
141 $52,543.71 $247.17 $0.00 $297.09 $53,087.97
142 $53,087.97 $247.17 $0.00 $300.17 $53,635.31
143 $53,635.31 $247.17 $0.00 $303.26 $54,185.74
144 $54,185.74 $247.17 $0.00 $306.37 $54,739.28
145 $54,739.28 $247.17 $0.00 $309.50 $55,295.95
146 $55,295.95 $247.17 $0.00 $312.65 $55,855.77
147 $55,855.77 $247.17 $0.00 $315.82 $56,418.76
148 $56,418.76 $247.17 $0.00 $319.00 $56,984.93
149 $56,984.93 $247.17 $0.00 $322.20 $57,554.30
150 $57,554.30 $247.17 $0.00 $325.42 $58,126.89
151 $58,126.89 $247.17 $0.00 $328.66 $58,702.72
152 $58,702.72 $247.17 $0.00 $331.91 $59,281.80
153 $59,281.80 $247.17 $0.00 $335.19 $59,864.16
154 $59,864.16 $247.17 $0.00 $338.48 $60,449.81
155 $60,449.81 $247.17 $0.00 $341.79 $61,038.77
156 $61,038.77 $247.17 $0.00 $345.12 $61,631.06
157 $61,631.06 $247.17 $0.00 $348.47 $62,226.70
158 $62,226.70 $247.17 $0.00 $351.84 $62,825.71
159 $62,825.71 $247.17 $0.00 $355.23 $63,428.11
160 $63,428.11 $247.17 $0.00 $358.63 $64,033.91
161 $64,033.91 $247.17 $0.00 $362.06 $64,643.14
162 $64,643.14 $247.17 $0.00 $365.50 $65,255.81
163 $65,255.81 $247.17 $0.00 $368.97 $65,871.95
164 $65,871.95 $247.17 $0.00 $372.45 $66,491.57
165 $66,491.57 $247.17 $0.00 $375.95 $67,114.69
166 $67,114.69 $247.17 $0.00 $379.48 $67,741.34
167 $67,741.34 $247.17 $0.00 $383.02 $68,371.53
168 $68,371.53 $247.17 $0.00 $386.58 $69,005.28
169 $69,005.28 $247.17 $0.00 $390.17 $69,642.62
170 $69,642.62 $247.17 $0.00 $393.77 $70,283.56
171 $70,283.56 $247.17 $0.00 $397.39 $70,928.12
172 $70,928.12 $247.17 $0.00 $401.04 $71,576.33
173 $71,576.33 $247.17 $0.00 $404.70 $72,228.20
174 $72,228.20 $247.17 $0.00 $408.39 $72,883.76
175 $72,883.76 $247.17 $0.00 $412.10 $73,543.03
176 $73,543.03 $247.17 $0.00 $415.82 $74,206.02
177 $74,206.02 $247.17 $0.00 $419.57 $74,872.76
178 $74,872.76 $247.17 $0.00 $423.34 $75,543.27
179 $75,543.27 $247.17 $0.00 $427.13 $76,217.57
180 $76,217.57 $247.17 $0.00 $430.95 $76,895.69
181 $76,895.69 $247.17 $0.00 $434.78 $77,577.64
182 $77,577.64 $247.17 $0.00 $438.64 $78,263.45
183 $78,263.45 $247.17 $0.00 $442.51 $78,953.13
184 $78,953.13 $247.17 $0.00 $446.41 $79,646.71
185 $79,646.71 $247.17 $0.00 $450.33 $80,344.21
186 $80,344.21 $247.17 $0.00 $454.28 $81,045.66
187 $81,045.66 $247.17 $0.00 $458.24 $81,751.07
188 $81,751.07 $247.17 $0.00 $462.23 $82,460.47
189 $82,460.47 $247.17 $0.00 $466.24 $83,173.88
190 $83,173.88 $247.17 $0.00 $470.28 $83,891.33
191 $83,891.33 $247.17 $0.00 $474.33 $84,612.83
192 $84,612.83 $247.17 $0.00 $478.41 $85,338.41
193 $85,338.41 $247.17 $0.00 $482.52 $86,068.10
194 $86,068.10 $247.17 $0.00 $486.64 $86,801.91
195 $86,801.91 $247.17 $0.00 $490.79 $87,539.87
196 $87,539.87 $247.17 $0.00 $494.96 $88,282.00
197 $88,282.00 $247.17 $0.00 $499.16 $89,028.33
198 $89,028.33 $247.17 $0.00 $503.38 $89,778.88
199 $89,778.88 $247.17 $0.00 $507.62 $90,533.67
200 $90,533.67 $247.17 $0.00 $511.89 $91,292.73
201 $91,292.73 $247.17 $0.00 $516.18 $92,056.08
202 $92,056.08 $247.17 $0.00 $520.50 $92,823.75
203 $92,823.75 $247.17 $0.00 $524.84 $93,595.76
204 $93,595.76 $247.17 $0.00 $529.20 $94,372.13
205 $94,372.13 $247.17 $0.00 $533.59 $95,152.89
206 $95,152.89 $247.17 $0.00 $538.01 $95,938.07
207 $95,938.07 $247.17 $0.00 $542.45 $96,727.69
208 $96,727.69 $247.17 $0.00 $546.91 $97,521.77
209 $97,521.77 $247.17 $0.00 $551.40 $98,320.34
210 $98,320.34 $247.17 $0.00 $555.92 $99,123.43
211 $99,123.43 $247.17 $0.00 $560.46 $99,931.06
212 $99,931.06 $247.17 $0.00 $565.02 $100,743.25
213 $100,743.25 $247.17 $0.00 $569.62 $101,560.04
214 $101,560.04 $247.17 $0.00 $574.24 $102,381.45
215 $102,381.45 $247.17 $0.00 $578.88 $103,207.50
216 $103,207.50 $247.17 $0.00 $583.55 $104,038.22
217 $104,038.22 $247.17 $54,259.64 $588.25 $50,614.00
218 $50,614.00 $247.17 $0.00 $286.18 $51,147.35
219 $51,147.35 $247.17 $0.00 $289.19 $51,683.71
220 $51,683.71 $247.17 $0.00 $292.23 $52,223.11
221 $52,223.11 $247.17 $0.00 $295.28 $52,765.56
222 $52,765.56 $247.17 $0.00 $298.34 $53,311.07
223 $53,311.07 $247.17 $0.00 $301.43 $53,859.67
224 $53,859.67 $247.17 $0.00 $304.53 $54,411.37
225 $54,411.37 $247.17 $0.00 $307.65 $54,966.19
226 $54,966.19 $247.17 $0.00 $310.79 $55,524.15
227 $55,524.15 $247.17 $0.00 $313.94 $56,085.26
228 $56,085.26 $247.17 $0.00 $317.11 $56,649.54
229 $56,649.54 $0.00 $56,972.62 $320.30 ($2.78)