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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$59,229
Monthly savings required$469

How much will it cost to send your child to Tougaloo College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $236,915.43 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $468.85 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$22,840.00
Years until enrollment18
Annual Tuition Increase5%
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 $468.85 $0.00 $0.00 $468.85
2 $468.85 $468.85 $0.00 $2.65 $940.35
3 $940.35 $468.85 $0.00 $5.32 $1,414.52
4 $1,414.52 $468.85 $0.00 $8.00 $1,891.37
5 $1,891.37 $468.85 $0.00 $10.69 $2,370.91
6 $2,370.91 $468.85 $0.00 $13.41 $2,853.17
7 $2,853.17 $468.85 $0.00 $16.13 $3,338.15
8 $3,338.15 $468.85 $0.00 $18.87 $3,825.87
9 $3,825.87 $468.85 $0.00 $21.63 $4,316.35
10 $4,316.35 $468.85 $0.00 $24.41 $4,809.61
11 $4,809.61 $468.85 $0.00 $27.19 $5,305.65
12 $5,305.65 $468.85 $0.00 $30.00 $5,804.50
13 $5,804.50 $468.85 $0.00 $32.82 $6,306.17
14 $6,306.17 $468.85 $0.00 $35.66 $6,810.68
15 $6,810.68 $468.85 $0.00 $38.51 $7,318.04
16 $7,318.04 $468.85 $0.00 $41.38 $7,828.27
17 $7,828.27 $468.85 $0.00 $44.26 $8,341.38
18 $8,341.38 $468.85 $0.00 $47.16 $8,857.39
19 $8,857.39 $468.85 $0.00 $50.08 $9,376.32
20 $9,376.32 $468.85 $0.00 $53.02 $9,898.19
21 $9,898.19 $468.85 $0.00 $55.97 $10,423.01
22 $10,423.01 $468.85 $0.00 $58.93 $10,950.79
23 $10,950.79 $468.85 $0.00 $61.92 $11,481.56
24 $11,481.56 $468.85 $0.00 $64.92 $12,015.33
25 $12,015.33 $468.85 $0.00 $67.94 $12,552.12
26 $12,552.12 $468.85 $0.00 $70.97 $13,091.94
27 $13,091.94 $468.85 $0.00 $74.02 $13,634.81
28 $13,634.81 $468.85 $0.00 $77.09 $14,180.75
29 $14,180.75 $468.85 $0.00 $80.18 $14,729.78
30 $14,729.78 $468.85 $0.00 $83.28 $15,281.91
31 $15,281.91 $468.85 $0.00 $86.41 $15,837.17
32 $15,837.17 $468.85 $0.00 $89.55 $16,395.57
33 $16,395.57 $468.85 $0.00 $92.70 $16,957.12
34 $16,957.12 $468.85 $0.00 $95.88 $17,521.85
35 $17,521.85 $468.85 $0.00 $99.07 $18,089.77
36 $18,089.77 $468.85 $0.00 $102.28 $18,660.90
37 $18,660.90 $468.85 $0.00 $105.51 $19,235.26
38 $19,235.26 $468.85 $0.00 $108.76 $19,812.87
39 $19,812.87 $468.85 $0.00 $112.02 $20,393.74
40 $20,393.74 $468.85 $0.00 $115.31 $20,977.90
41 $20,977.90 $468.85 $0.00 $118.61 $21,565.36
42 $21,565.36 $468.85 $0.00 $121.93 $22,156.14
43 $22,156.14 $468.85 $0.00 $125.27 $22,750.26
44 $22,750.26 $468.85 $0.00 $128.63 $23,347.74
45 $23,347.74 $468.85 $0.00 $132.01 $23,948.60
46 $23,948.60 $468.85 $0.00 $135.41 $24,552.86
47 $24,552.86 $468.85 $0.00 $138.83 $25,160.54
48 $25,160.54 $468.85 $0.00 $142.26 $25,771.65
49 $25,771.65 $468.85 $0.00 $145.72 $26,386.22
50 $26,386.22 $468.85 $0.00 $149.19 $27,004.26
51 $27,004.26 $468.85 $0.00 $152.69 $27,625.80
52 $27,625.80 $468.85 $0.00 $156.20 $28,250.85
53 $28,250.85 $468.85 $0.00 $159.73 $28,879.43
54 $28,879.43 $468.85 $0.00 $163.29 $29,511.57
55 $29,511.57 $468.85 $0.00 $166.86 $30,147.28
56 $30,147.28 $468.85 $0.00 $170.46 $30,786.59
57 $30,786.59 $468.85 $0.00 $174.07 $31,429.51
58 $31,429.51 $468.85 $0.00 $177.71 $32,076.07
59 $32,076.07 $468.85 $0.00 $181.36 $32,726.28
60 $32,726.28 $468.85 $0.00 $185.04 $33,380.17
61 $33,380.17 $468.85 $0.00 $188.74 $34,037.76
62 $34,037.76 $468.85 $0.00 $192.45 $34,699.06
63 $34,699.06 $468.85 $0.00 $196.19 $35,364.10
64 $35,364.10 $468.85 $0.00 $199.95 $36,032.90
65 $36,032.90 $468.85 $0.00 $203.74 $36,705.49
66 $36,705.49 $468.85 $0.00 $207.54 $37,381.88
67 $37,381.88 $468.85 $0.00 $211.36 $38,062.09
68 $38,062.09 $468.85 $0.00 $215.21 $38,746.15
69 $38,746.15 $468.85 $0.00 $219.08 $39,434.08
70 $39,434.08 $468.85 $0.00 $222.97 $40,125.90
71 $40,125.90 $468.85 $0.00 $226.88 $40,821.63
72 $40,821.63 $468.85 $0.00 $230.81 $41,521.29
73 $41,521.29 $468.85 $0.00 $234.77 $42,224.91
74 $42,224.91 $468.85 $0.00 $238.75 $42,932.51
75 $42,932.51 $468.85 $0.00 $242.75 $43,644.11
76 $43,644.11 $468.85 $0.00 $246.77 $44,359.73
77 $44,359.73 $468.85 $0.00 $250.82 $45,079.40
78 $45,079.40 $468.85 $0.00 $254.89 $45,803.14
79 $45,803.14 $468.85 $0.00 $258.98 $46,530.97
80 $46,530.97 $468.85 $0.00 $263.09 $47,262.91
81 $47,262.91 $468.85 $0.00 $267.23 $47,998.99
82 $47,998.99 $468.85 $0.00 $271.39 $48,739.23
83 $48,739.23 $468.85 $0.00 $275.58 $49,483.66
84 $49,483.66 $468.85 $0.00 $279.79 $50,232.30
85 $50,232.30 $468.85 $0.00 $284.02 $50,985.17
86 $50,985.17 $468.85 $0.00 $288.28 $51,742.30
87 $51,742.30 $468.85 $0.00 $292.56 $52,503.71
88 $52,503.71 $468.85 $0.00 $296.86 $53,269.42
89 $53,269.42 $468.85 $0.00 $301.19 $54,039.46
90 $54,039.46 $468.85 $0.00 $305.55 $54,813.86
91 $54,813.86 $468.85 $0.00 $309.93 $55,592.64
92 $55,592.64 $468.85 $0.00 $314.33 $56,375.82
93 $56,375.82 $468.85 $0.00 $318.76 $57,163.43
94 $57,163.43 $468.85 $0.00 $323.21 $57,955.49
95 $57,955.49 $468.85 $0.00 $327.69 $58,752.03
96 $58,752.03 $468.85 $0.00 $332.19 $59,553.07
97 $59,553.07 $468.85 $0.00 $336.72 $60,358.64
98 $60,358.64 $468.85 $0.00 $341.28 $61,168.77
99 $61,168.77 $468.85 $0.00 $345.86 $61,983.48
100 $61,983.48 $468.85 $0.00 $350.46 $62,802.79
101 $62,802.79 $468.85 $0.00 $355.10 $63,626.74
102 $63,626.74 $468.85 $0.00 $359.75 $64,455.34
103 $64,455.34 $468.85 $0.00 $364.44 $65,288.63
104 $65,288.63 $468.85 $0.00 $369.15 $66,126.63
105 $66,126.63 $468.85 $0.00 $373.89 $66,969.37
106 $66,969.37 $468.85 $0.00 $378.65 $67,816.87
107 $67,816.87 $468.85 $0.00 $383.45 $68,669.17
108 $68,669.17 $468.85 $0.00 $388.27 $69,526.29
109 $69,526.29 $468.85 $0.00 $393.11 $70,388.25
110 $70,388.25 $468.85 $0.00 $397.99 $71,255.09
111 $71,255.09 $468.85 $0.00 $402.89 $72,126.83
112 $72,126.83 $468.85 $0.00 $407.82 $73,003.50
113 $73,003.50 $468.85 $0.00 $412.77 $73,885.12
114 $73,885.12 $468.85 $0.00 $417.76 $74,771.73
115 $74,771.73 $468.85 $0.00 $422.77 $75,663.35
116 $75,663.35 $468.85 $0.00 $427.81 $76,560.01
117 $76,560.01 $468.85 $0.00 $432.88 $77,461.74
118 $77,461.74 $468.85 $0.00 $437.98 $78,368.57
119 $78,368.57 $468.85 $0.00 $443.11 $79,280.53
120 $79,280.53 $468.85 $0.00 $448.26 $80,197.64
121 $80,197.64 $468.85 $0.00 $453.45 $81,119.94
122 $81,119.94 $468.85 $0.00 $458.66 $82,047.45
123 $82,047.45 $468.85 $0.00 $463.91 $82,980.21
124 $82,980.21 $468.85 $0.00 $469.18 $83,918.24
125 $83,918.24 $468.85 $0.00 $474.49 $84,861.58
126 $84,861.58 $468.85 $0.00 $479.82 $85,810.25
127 $85,810.25 $468.85 $0.00 $485.18 $86,764.28
128 $86,764.28 $468.85 $0.00 $490.58 $87,723.71
129 $87,723.71 $468.85 $0.00 $496.00 $88,688.56
130 $88,688.56 $468.85 $0.00 $501.46 $89,658.87
131 $89,658.87 $468.85 $0.00 $506.94 $90,634.66
132 $90,634.66 $468.85 $0.00 $512.46 $91,615.97
133 $91,615.97 $468.85 $0.00 $518.01 $92,602.83
134 $92,602.83 $468.85 $0.00 $523.59 $93,595.27
135 $93,595.27 $468.85 $0.00 $529.20 $94,593.32
136 $94,593.32 $468.85 $0.00 $534.84 $95,597.01
137 $95,597.01 $468.85 $0.00 $540.52 $96,606.38
138 $96,606.38 $468.85 $0.00 $546.23 $97,621.46
139 $97,621.46 $468.85 $0.00 $551.97 $98,642.28
140 $98,642.28 $468.85 $0.00 $557.74 $99,668.87
141 $99,668.87 $468.85 $0.00 $563.54 $100,701.26
142 $100,701.26 $468.85 $0.00 $569.38 $101,739.49
143 $101,739.49 $468.85 $0.00 $575.25 $102,783.59
144 $102,783.59 $468.85 $0.00 $581.15 $103,833.59
145 $103,833.59 $468.85 $0.00 $587.09 $104,889.53
146 $104,889.53 $468.85 $0.00 $593.06 $105,951.44
147 $105,951.44 $468.85 $0.00 $599.06 $107,019.35
148 $107,019.35 $468.85 $0.00 $605.10 $108,093.30
149 $108,093.30 $468.85 $0.00 $611.18 $109,173.33
150 $109,173.33 $468.85 $0.00 $617.28 $110,259.46
151 $110,259.46 $468.85 $0.00 $623.42 $111,351.73
152 $111,351.73 $468.85 $0.00 $629.60 $112,450.18
153 $112,450.18 $468.85 $0.00 $635.81 $113,554.84
154 $113,554.84 $468.85 $0.00 $642.06 $114,665.75
155 $114,665.75 $468.85 $0.00 $648.34 $115,782.94
156 $115,782.94 $468.85 $0.00 $654.65 $116,906.44
157 $116,906.44 $468.85 $0.00 $661.01 $118,036.30
158 $118,036.30 $468.85 $0.00 $667.39 $119,172.54
159 $119,172.54 $468.85 $0.00 $673.82 $120,315.21
160 $120,315.21 $468.85 $0.00 $680.28 $121,464.34
161 $121,464.34 $468.85 $0.00 $686.78 $122,619.97
162 $122,619.97 $468.85 $0.00 $693.31 $123,782.13
163 $123,782.13 $468.85 $0.00 $699.88 $124,950.86
164 $124,950.86 $468.85 $0.00 $706.49 $126,126.20
165 $126,126.20 $468.85 $0.00 $713.14 $127,308.19
166 $127,308.19 $468.85 $0.00 $719.82 $128,496.86
167 $128,496.86 $468.85 $0.00 $726.54 $129,692.25
168 $129,692.25 $468.85 $0.00 $733.30 $130,894.40
169 $130,894.40 $468.85 $0.00 $740.10 $132,103.35
170 $132,103.35 $468.85 $0.00 $746.93 $133,319.13
171 $133,319.13 $468.85 $0.00 $753.81 $134,541.79
172 $134,541.79 $468.85 $0.00 $760.72 $135,771.36
173 $135,771.36 $468.85 $0.00 $767.67 $137,007.88
174 $137,007.88 $468.85 $0.00 $774.66 $138,251.39
175 $138,251.39 $468.85 $0.00 $781.69 $139,501.93
176 $139,501.93 $468.85 $0.00 $788.76 $140,759.54
177 $140,759.54 $468.85 $0.00 $795.87 $142,024.26
178 $142,024.26 $468.85 $0.00 $803.03 $143,296.14
179 $143,296.14 $468.85 $0.00 $810.22 $144,575.21
180 $144,575.21 $468.85 $0.00 $817.45 $145,861.51
181 $145,861.51 $468.85 $0.00 $824.72 $147,155.08
182 $147,155.08 $468.85 $0.00 $832.04 $148,455.97
183 $148,455.97 $468.85 $0.00 $839.39 $149,764.21
184 $149,764.21 $468.85 $0.00 $846.79 $151,079.85
185 $151,079.85 $468.85 $0.00 $854.23 $152,402.93
186 $152,402.93 $468.85 $0.00 $861.71 $153,733.49
187 $153,733.49 $468.85 $0.00 $869.23 $155,071.57
188 $155,071.57 $468.85 $0.00 $876.80 $156,417.22
189 $156,417.22 $468.85 $0.00 $884.41 $157,770.48
190 $157,770.48 $468.85 $0.00 $892.06 $159,131.39
191 $159,131.39 $468.85 $0.00 $899.75 $160,499.99
192 $160,499.99 $468.85 $0.00 $907.49 $161,876.33
193 $161,876.33 $468.85 $0.00 $915.27 $163,260.45
194 $163,260.45 $468.85 $0.00 $923.10 $164,652.40
195 $164,652.40 $468.85 $0.00 $930.97 $166,052.22
196 $166,052.22 $468.85 $0.00 $938.88 $167,459.95
197 $167,459.95 $468.85 $0.00 $946.84 $168,875.64
198 $168,875.64 $468.85 $0.00 $954.85 $170,299.34
199 $170,299.34 $468.85 $0.00 $962.90 $171,731.09
200 $171,731.09 $468.85 $0.00 $970.99 $173,170.93
201 $173,170.93 $468.85 $0.00 $979.13 $174,618.91
202 $174,618.91 $468.85 $0.00 $987.32 $176,075.08
203 $176,075.08 $468.85 $0.00 $995.55 $177,539.48
204 $177,539.48 $468.85 $0.00 $1,003.83 $179,012.16
205 $179,012.16 $468.85 $0.00 $1,012.16 $180,493.17
206 $180,493.17 $468.85 $0.00 $1,020.53 $181,982.55
207 $181,982.55 $468.85 $0.00 $1,028.96 $183,480.36
208 $183,480.36 $468.85 $0.00 $1,037.42 $184,986.63
209 $184,986.63 $468.85 $0.00 $1,045.94 $186,501.42
210 $186,501.42 $468.85 $0.00 $1,054.51 $188,024.78
211 $188,024.78 $468.85 $0.00 $1,063.12 $189,556.75
212 $189,556.75 $468.85 $0.00 $1,071.78 $191,097.38
213 $191,097.38 $468.85 $0.00 $1,080.49 $192,646.72
214 $192,646.72 $468.85 $0.00 $1,089.25 $194,204.82
215 $194,204.82 $468.85 $0.00 $1,098.06 $195,771.73
216 $195,771.73 $468.85 $0.00 $1,106.92 $197,347.50
217 $197,347.50 $468.85 $54,967.18 $1,115.83 $143,965.00
218 $143,965.00 $468.85 $0.00 $814.00 $145,247.85
219 $145,247.85 $468.85 $0.00 $821.25 $146,537.95
220 $146,537.95 $468.85 $0.00 $828.55 $147,835.35
221 $147,835.35 $468.85 $0.00 $835.88 $149,140.08
222 $149,140.08 $468.85 $0.00 $843.26 $150,452.19
223 $150,452.19 $468.85 $0.00 $850.68 $151,771.72
224 $151,771.72 $468.85 $0.00 $858.14 $153,098.71
225 $153,098.71 $468.85 $0.00 $865.64 $154,433.20
226 $154,433.20 $468.85 $0.00 $873.19 $155,775.24
227 $155,775.24 $468.85 $0.00 $880.78 $157,124.87
228 $157,124.87 $468.85 $0.00 $888.41 $158,482.13
229 $158,482.13 $468.85 $57,715.54 $896.08 $102,131.52
230 $102,131.52 $468.85 $0.00 $577.47 $103,177.84
231 $103,177.84 $468.85 $0.00 $583.38 $104,230.07
232 $104,230.07 $468.85 $0.00 $589.33 $105,288.25
233 $105,288.25 $468.85 $0.00 $595.32 $106,352.42
234 $106,352.42 $468.85 $0.00 $601.33 $107,422.60
235 $107,422.60 $468.85 $0.00 $607.38 $108,498.83
236 $108,498.83 $468.85 $0.00 $613.47 $109,581.15
237 $109,581.15 $468.85 $0.00 $619.59 $110,669.59
238 $110,669.59 $468.85 $0.00 $625.74 $111,764.18
239 $111,764.18 $468.85 $0.00 $631.93 $112,864.96
240 $112,864.96 $468.85 $0.00 $638.15 $113,971.96
241 $113,971.96 $468.85 $60,601.32 $644.41 $54,483.90
242 $54,483.90 $468.85 $0.00 $308.06 $55,260.81
243 $55,260.81 $468.85 $0.00 $312.45 $56,042.11
244 $56,042.11 $468.85 $0.00 $316.87 $56,827.83
245 $56,827.83 $468.85 $0.00 $321.31 $57,617.99
246 $57,617.99 $468.85 $0.00 $325.78 $58,412.62
247 $58,412.62 $468.85 $0.00 $330.27 $59,211.74
248 $59,211.74 $468.85 $0.00 $334.79 $60,015.38
249 $60,015.38 $468.85 $0.00 $339.34 $60,823.57
250 $60,823.57 $468.85 $0.00 $343.91 $61,636.33
251 $61,636.33 $468.85 $0.00 $348.50 $62,453.68
252 $62,453.68 $468.85 $0.00 $353.12 $63,275.65
253 $63,275.65 $0.00 $63,631.39 $357.77 $2.03