Savings Plan and Future Cost Estimation for Bergen 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$94,515
Monthly savings required$420

How much will it cost to send your child to Bergen Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $189,030.35 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $419.92 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$27,018.00
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 $419.92 $0.00 $0.00 $419.92
2 $419.92 $419.92 $0.00 $2.37 $842.21
3 $842.21 $419.92 $0.00 $4.76 $1,266.89
4 $1,266.89 $419.92 $0.00 $7.16 $1,693.97
5 $1,693.97 $419.92 $0.00 $9.58 $2,123.47
6 $2,123.47 $419.92 $0.00 $12.01 $2,555.40
7 $2,555.40 $419.92 $0.00 $14.45 $2,989.77
8 $2,989.77 $419.92 $0.00 $16.90 $3,426.59
9 $3,426.59 $419.92 $0.00 $19.37 $3,865.88
10 $3,865.88 $419.92 $0.00 $21.86 $4,307.66
11 $4,307.66 $419.92 $0.00 $24.36 $4,751.94
12 $4,751.94 $419.92 $0.00 $26.87 $5,198.73
13 $5,198.73 $419.92 $0.00 $29.39 $5,648.04
14 $5,648.04 $419.92 $0.00 $31.93 $6,099.89
15 $6,099.89 $419.92 $0.00 $34.49 $6,554.30
16 $6,554.30 $419.92 $0.00 $37.06 $7,011.28
17 $7,011.28 $419.92 $0.00 $39.64 $7,470.84
18 $7,470.84 $419.92 $0.00 $42.24 $7,933.00
19 $7,933.00 $419.92 $0.00 $44.85 $8,397.77
20 $8,397.77 $419.92 $0.00 $47.48 $8,865.17
21 $8,865.17 $419.92 $0.00 $50.12 $9,335.21
22 $9,335.21 $419.92 $0.00 $52.78 $9,807.91
23 $9,807.91 $419.92 $0.00 $55.46 $10,283.29
24 $10,283.29 $419.92 $0.00 $58.14 $10,761.35
25 $10,761.35 $419.92 $0.00 $60.85 $11,242.12
26 $11,242.12 $419.92 $0.00 $63.56 $11,725.60
27 $11,725.60 $419.92 $0.00 $66.30 $12,211.82
28 $12,211.82 $419.92 $0.00 $69.05 $12,700.79
29 $12,700.79 $419.92 $0.00 $71.81 $13,192.52
30 $13,192.52 $419.92 $0.00 $74.59 $13,687.03
31 $13,687.03 $419.92 $0.00 $77.39 $14,184.34
32 $14,184.34 $419.92 $0.00 $80.20 $14,684.46
33 $14,684.46 $419.92 $0.00 $83.03 $15,187.41
34 $15,187.41 $419.92 $0.00 $85.87 $15,693.20
35 $15,693.20 $419.92 $0.00 $88.73 $16,201.85
36 $16,201.85 $419.92 $0.00 $91.61 $16,713.38
37 $16,713.38 $419.92 $0.00 $94.50 $17,227.80
38 $17,227.80 $419.92 $0.00 $97.41 $17,745.13
39 $17,745.13 $419.92 $0.00 $100.33 $18,265.38
40 $18,265.38 $419.92 $0.00 $103.28 $18,788.58
41 $18,788.58 $419.92 $0.00 $106.23 $19,314.73
42 $19,314.73 $419.92 $0.00 $109.21 $19,843.86
43 $19,843.86 $419.92 $0.00 $112.20 $20,375.98
44 $20,375.98 $419.92 $0.00 $115.21 $20,911.11
45 $20,911.11 $419.92 $0.00 $118.23 $21,449.26
46 $21,449.26 $419.92 $0.00 $121.28 $21,990.46
47 $21,990.46 $419.92 $0.00 $124.34 $22,534.72
48 $22,534.72 $419.92 $0.00 $127.41 $23,082.05
49 $23,082.05 $419.92 $0.00 $130.51 $23,632.48
50 $23,632.48 $419.92 $0.00 $133.62 $24,186.02
51 $24,186.02 $419.92 $0.00 $136.75 $24,742.69
52 $24,742.69 $419.92 $0.00 $139.90 $25,302.51
53 $25,302.51 $419.92 $0.00 $143.06 $25,865.49
54 $25,865.49 $419.92 $0.00 $146.25 $26,431.66
55 $26,431.66 $419.92 $0.00 $149.45 $27,001.03
56 $27,001.03 $419.92 $0.00 $152.67 $27,573.62
57 $27,573.62 $419.92 $0.00 $155.91 $28,149.45
58 $28,149.45 $419.92 $0.00 $159.16 $28,728.53
59 $28,728.53 $419.92 $0.00 $162.44 $29,310.89
60 $29,310.89 $419.92 $0.00 $165.73 $29,896.54
61 $29,896.54 $419.92 $0.00 $169.04 $30,485.50
62 $30,485.50 $419.92 $0.00 $172.37 $31,077.79
63 $31,077.79 $419.92 $0.00 $175.72 $31,673.43
64 $31,673.43 $419.92 $0.00 $179.09 $32,272.44
65 $32,272.44 $419.92 $0.00 $182.47 $32,874.83
66 $32,874.83 $419.92 $0.00 $185.88 $33,480.63
67 $33,480.63 $419.92 $0.00 $189.30 $34,089.85
68 $34,089.85 $419.92 $0.00 $192.75 $34,702.52
69 $34,702.52 $419.92 $0.00 $196.21 $35,318.65
70 $35,318.65 $419.92 $0.00 $199.70 $35,938.27
71 $35,938.27 $419.92 $0.00 $203.20 $36,561.39
72 $36,561.39 $419.92 $0.00 $206.72 $37,188.03
73 $37,188.03 $419.92 $0.00 $210.27 $37,818.22
74 $37,818.22 $419.92 $0.00 $213.83 $38,451.97
75 $38,451.97 $419.92 $0.00 $217.41 $39,089.30
76 $39,089.30 $419.92 $0.00 $221.02 $39,730.24
77 $39,730.24 $419.92 $0.00 $224.64 $40,374.80
78 $40,374.80 $419.92 $0.00 $228.28 $41,023.00
79 $41,023.00 $419.92 $0.00 $231.95 $41,674.87
80 $41,674.87 $419.92 $0.00 $235.64 $42,330.43
81 $42,330.43 $419.92 $0.00 $239.34 $42,989.69
82 $42,989.69 $419.92 $0.00 $243.07 $43,652.68
83 $43,652.68 $419.92 $0.00 $246.82 $44,319.42
84 $44,319.42 $419.92 $0.00 $250.59 $44,989.93
85 $44,989.93 $419.92 $0.00 $254.38 $45,664.23
86 $45,664.23 $419.92 $0.00 $258.19 $46,342.34
87 $46,342.34 $419.92 $0.00 $262.03 $47,024.29
88 $47,024.29 $419.92 $0.00 $265.88 $47,710.09
89 $47,710.09 $419.92 $0.00 $269.76 $48,399.77
90 $48,399.77 $419.92 $0.00 $273.66 $49,093.35
91 $49,093.35 $419.92 $0.00 $277.58 $49,790.85
92 $49,790.85 $419.92 $0.00 $281.52 $50,492.29
93 $50,492.29 $419.92 $0.00 $285.49 $51,197.70
94 $51,197.70 $419.92 $0.00 $289.48 $51,907.10
95 $51,907.10 $419.92 $0.00 $293.49 $52,620.51
96 $52,620.51 $419.92 $0.00 $297.52 $53,337.95
97 $53,337.95 $419.92 $0.00 $301.58 $54,059.45
98 $54,059.45 $419.92 $0.00 $305.66 $54,785.03
99 $54,785.03 $419.92 $0.00 $309.76 $55,514.71
100 $55,514.71 $419.92 $0.00 $313.89 $56,248.52
101 $56,248.52 $419.92 $0.00 $318.04 $56,986.48
102 $56,986.48 $419.92 $0.00 $322.21 $57,728.61
103 $57,728.61 $419.92 $0.00 $326.41 $58,474.94
104 $58,474.94 $419.92 $0.00 $330.63 $59,225.49
105 $59,225.49 $419.92 $0.00 $334.87 $59,980.28
106 $59,980.28 $419.92 $0.00 $339.14 $60,739.34
107 $60,739.34 $419.92 $0.00 $343.43 $61,502.69
108 $61,502.69 $419.92 $0.00 $347.75 $62,270.36
109 $62,270.36 $419.92 $0.00 $352.09 $63,042.37
110 $63,042.37 $419.92 $0.00 $356.45 $63,818.74
111 $63,818.74 $419.92 $0.00 $360.84 $64,599.50
112 $64,599.50 $419.92 $0.00 $365.25 $65,384.67
113 $65,384.67 $419.92 $0.00 $369.69 $66,174.28
114 $66,174.28 $419.92 $0.00 $374.16 $66,968.36
115 $66,968.36 $419.92 $0.00 $378.65 $67,766.93
116 $67,766.93 $419.92 $0.00 $383.16 $68,570.01
117 $68,570.01 $419.92 $0.00 $387.70 $69,377.63
118 $69,377.63 $419.92 $0.00 $392.27 $70,189.82
119 $70,189.82 $419.92 $0.00 $396.86 $71,006.60
120 $71,006.60 $419.92 $0.00 $401.48 $71,828.00
121 $71,828.00 $419.92 $0.00 $406.13 $72,654.05
122 $72,654.05 $419.92 $0.00 $410.80 $73,484.77
123 $73,484.77 $419.92 $0.00 $415.49 $74,320.18
124 $74,320.18 $419.92 $0.00 $420.22 $75,160.32
125 $75,160.32 $419.92 $0.00 $424.97 $76,005.21
126 $76,005.21 $419.92 $0.00 $429.74 $76,854.87
127 $76,854.87 $419.92 $0.00 $434.55 $77,709.34
128 $77,709.34 $419.92 $0.00 $439.38 $78,568.64
129 $78,568.64 $419.92 $0.00 $444.24 $79,432.80
130 $79,432.80 $419.92 $0.00 $449.12 $80,301.84
131 $80,301.84 $419.92 $0.00 $454.04 $81,175.80
132 $81,175.80 $419.92 $0.00 $458.98 $82,054.70
133 $82,054.70 $419.92 $0.00 $463.95 $82,938.57
134 $82,938.57 $419.92 $0.00 $468.95 $83,827.44
135 $83,827.44 $419.92 $0.00 $473.97 $84,721.33
136 $84,721.33 $419.92 $0.00 $479.03 $85,620.28
137 $85,620.28 $419.92 $0.00 $484.11 $86,524.31
138 $86,524.31 $419.92 $0.00 $489.22 $87,433.45
139 $87,433.45 $419.92 $0.00 $494.36 $88,347.73
140 $88,347.73 $419.92 $0.00 $499.53 $89,267.18
141 $89,267.18 $419.92 $0.00 $504.73 $90,191.83
142 $90,191.83 $419.92 $0.00 $509.96 $91,121.71
143 $91,121.71 $419.92 $0.00 $515.22 $92,056.85
144 $92,056.85 $419.92 $0.00 $520.50 $92,997.27
145 $92,997.27 $419.92 $0.00 $525.82 $93,943.01
146 $93,943.01 $419.92 $0.00 $531.17 $94,894.10
147 $94,894.10 $419.92 $0.00 $536.55 $95,850.57
148 $95,850.57 $419.92 $0.00 $541.95 $96,812.44
149 $96,812.44 $419.92 $0.00 $547.39 $97,779.75
150 $97,779.75 $419.92 $0.00 $552.86 $98,752.53
151 $98,752.53 $419.92 $0.00 $558.36 $99,730.81
152 $99,730.81 $419.92 $0.00 $563.89 $100,714.62
153 $100,714.62 $419.92 $0.00 $569.46 $101,704.00
154 $101,704.00 $419.92 $0.00 $575.05 $102,698.97
155 $102,698.97 $419.92 $0.00 $580.67 $103,699.56
156 $103,699.56 $419.92 $0.00 $586.33 $104,705.81
157 $104,705.81 $419.92 $0.00 $592.02 $105,717.75
158 $105,717.75 $419.92 $0.00 $597.74 $106,735.41
159 $106,735.41 $419.92 $0.00 $603.50 $107,758.83
160 $107,758.83 $419.92 $0.00 $609.28 $108,788.03
161 $108,788.03 $419.92 $0.00 $615.10 $109,823.05
162 $109,823.05 $419.92 $0.00 $620.96 $110,863.93
163 $110,863.93 $419.92 $0.00 $626.84 $111,910.69
164 $111,910.69 $419.92 $0.00 $632.76 $112,963.37
165 $112,963.37 $419.92 $0.00 $638.71 $114,022.00
166 $114,022.00 $419.92 $0.00 $644.70 $115,086.62
167 $115,086.62 $419.92 $0.00 $650.72 $116,157.26
168 $116,157.26 $419.92 $0.00 $656.77 $117,233.95
169 $117,233.95 $419.92 $0.00 $662.86 $118,316.73
170 $118,316.73 $419.92 $0.00 $668.98 $119,405.63
171 $119,405.63 $419.92 $0.00 $675.14 $120,500.69
172 $120,500.69 $419.92 $0.00 $681.33 $121,601.94
173 $121,601.94 $419.92 $0.00 $687.56 $122,709.42
174 $122,709.42 $419.92 $0.00 $693.82 $123,823.16
175 $123,823.16 $419.92 $0.00 $700.11 $124,943.19
176 $124,943.19 $419.92 $0.00 $706.45 $126,069.56
177 $126,069.56 $419.92 $0.00 $712.82 $127,202.30
178 $127,202.30 $419.92 $0.00 $719.22 $128,341.44
179 $128,341.44 $419.92 $0.00 $725.66 $129,487.02
180 $129,487.02 $419.92 $0.00 $732.14 $130,639.08
181 $130,639.08 $419.92 $0.00 $738.65 $131,797.65
182 $131,797.65 $419.92 $0.00 $745.20 $132,962.77
183 $132,962.77 $419.92 $0.00 $751.79 $134,134.48
184 $134,134.48 $419.92 $0.00 $758.42 $135,312.82
185 $135,312.82 $419.92 $0.00 $765.08 $136,497.82
186 $136,497.82 $419.92 $0.00 $771.78 $137,689.52
187 $137,689.52 $419.92 $0.00 $778.52 $138,887.96
188 $138,887.96 $419.92 $0.00 $785.29 $140,093.17
189 $140,093.17 $419.92 $0.00 $792.11 $141,305.20
190 $141,305.20 $419.92 $0.00 $798.96 $142,524.08
191 $142,524.08 $419.92 $0.00 $805.85 $143,749.85
192 $143,749.85 $419.92 $0.00 $812.78 $144,982.55
193 $144,982.55 $419.92 $0.00 $819.75 $146,222.22
194 $146,222.22 $419.92 $0.00 $826.76 $147,468.90
195 $147,468.90 $419.92 $0.00 $833.81 $148,722.63
196 $148,722.63 $419.92 $0.00 $840.90 $149,983.45
197 $149,983.45 $419.92 $0.00 $848.03 $151,251.40
198 $151,251.40 $419.92 $0.00 $855.20 $152,526.52
199 $152,526.52 $419.92 $0.00 $862.41 $153,808.85
200 $153,808.85 $419.92 $0.00 $869.66 $155,098.43
201 $155,098.43 $419.92 $0.00 $876.95 $156,395.30
202 $156,395.30 $419.92 $0.00 $884.28 $157,699.50
203 $157,699.50 $419.92 $0.00 $891.66 $159,011.08
204 $159,011.08 $419.92 $0.00 $899.07 $160,330.07
205 $160,330.07 $419.92 $0.00 $906.53 $161,656.52
206 $161,656.52 $419.92 $0.00 $914.03 $162,990.47
207 $162,990.47 $419.92 $0.00 $921.57 $164,331.96
208 $164,331.96 $419.92 $0.00 $929.16 $165,681.04
209 $165,681.04 $419.92 $0.00 $936.78 $167,037.74
210 $167,037.74 $419.92 $0.00 $944.46 $168,402.12
211 $168,402.12 $419.92 $0.00 $952.17 $169,774.21
212 $169,774.21 $419.92 $0.00 $959.93 $171,154.06
213 $171,154.06 $419.92 $0.00 $967.73 $172,541.71
214 $172,541.71 $419.92 $0.00 $975.58 $173,937.21
215 $173,937.21 $419.92 $0.00 $983.47 $175,340.60
216 $175,340.60 $419.92 $0.00 $991.40 $176,751.92
217 $176,751.92 $419.92 $91,319.01 $999.38 $86,852.21
218 $86,852.21 $419.92 $0.00 $491.08 $87,763.21
219 $87,763.21 $419.92 $0.00 $496.23 $88,679.36
220 $88,679.36 $419.92 $0.00 $501.41 $89,600.69
221 $89,600.69 $419.92 $0.00 $506.62 $90,527.23
222 $90,527.23 $419.92 $0.00 $511.85 $91,459.00
223 $91,459.00 $419.92 $0.00 $517.12 $92,396.04
224 $92,396.04 $419.92 $0.00 $522.42 $93,338.38
225 $93,338.38 $419.92 $0.00 $527.75 $94,286.05
226 $94,286.05 $419.92 $0.00 $533.11 $95,239.08
227 $95,239.08 $419.92 $0.00 $538.50 $96,197.50
228 $96,197.50 $419.92 $0.00 $543.91 $97,161.33
229 $97,161.33 $0.00 $97,711.34 $549.36 -$0.65