| Estimated Annual Cost in 2042 | $84,062 |
| Monthly savings required | $373 |
How much will it cost to send your child to Salem Community College in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $168,124.93 for students enrolling in 2042 if tuition increases average 7% per year until then. Assuming you have no current college savings, monthly deposits of $373.48 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 | $24,030.00 |
| 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 Salem Community College in the future.
| Month | Begin | Deposit | Withdraw | Interest | End |
|---|---|---|---|---|---|
| 1 | $0.00 | $373.48 | $0.00 | $0.00 | $373.48 |
| 2 | $373.48 | $373.48 | $0.00 | $2.11 | $749.07 |
| 3 | $749.07 | $373.48 | $0.00 | $4.24 | $1,126.79 |
| 4 | $1,126.79 | $373.48 | $0.00 | $6.37 | $1,506.64 |
| 5 | $1,506.64 | $373.48 | $0.00 | $8.52 | $1,888.64 |
| 6 | $1,888.64 | $373.48 | $0.00 | $10.68 | $2,272.80 |
| 7 | $2,272.80 | $373.48 | $0.00 | $12.85 | $2,659.13 |
| 8 | $2,659.13 | $373.48 | $0.00 | $15.04 | $3,047.65 |
| 9 | $3,047.65 | $373.48 | $0.00 | $17.23 | $3,438.36 |
| 10 | $3,438.36 | $373.48 | $0.00 | $19.44 | $3,831.28 |
| 11 | $3,831.28 | $373.48 | $0.00 | $21.66 | $4,226.42 |
| 12 | $4,226.42 | $373.48 | $0.00 | $23.90 | $4,623.80 |
| 13 | $4,623.80 | $373.48 | $0.00 | $26.14 | $5,023.42 |
| 14 | $5,023.42 | $373.48 | $0.00 | $28.40 | $5,425.30 |
| 15 | $5,425.30 | $373.48 | $0.00 | $30.68 | $5,829.46 |
| 16 | $5,829.46 | $373.48 | $0.00 | $32.96 | $6,235.90 |
| 17 | $6,235.90 | $373.48 | $0.00 | $35.26 | $6,644.64 |
| 18 | $6,644.64 | $373.48 | $0.00 | $37.57 | $7,055.69 |
| 19 | $7,055.69 | $373.48 | $0.00 | $39.89 | $7,469.06 |
| 20 | $7,469.06 | $373.48 | $0.00 | $42.23 | $7,884.77 |
| 21 | $7,884.77 | $373.48 | $0.00 | $44.58 | $8,302.83 |
| 22 | $8,302.83 | $373.48 | $0.00 | $46.95 | $8,723.26 |
| 23 | $8,723.26 | $373.48 | $0.00 | $49.32 | $9,146.06 |
| 24 | $9,146.06 | $373.48 | $0.00 | $51.71 | $9,571.25 |
| 25 | $9,571.25 | $373.48 | $0.00 | $54.12 | $9,998.85 |
| 26 | $9,998.85 | $373.48 | $0.00 | $56.53 | $10,428.86 |
| 27 | $10,428.86 | $373.48 | $0.00 | $58.97 | $10,861.31 |
| 28 | $10,861.31 | $373.48 | $0.00 | $61.41 | $11,296.20 |
| 29 | $11,296.20 | $373.48 | $0.00 | $63.87 | $11,733.55 |
| 30 | $11,733.55 | $373.48 | $0.00 | $66.34 | $12,173.37 |
| 31 | $12,173.37 | $373.48 | $0.00 | $68.83 | $12,615.68 |
| 32 | $12,615.68 | $373.48 | $0.00 | $71.33 | $13,060.49 |
| 33 | $13,060.49 | $373.48 | $0.00 | $73.85 | $13,507.82 |
| 34 | $13,507.82 | $373.48 | $0.00 | $76.38 | $13,957.68 |
| 35 | $13,957.68 | $373.48 | $0.00 | $78.92 | $14,410.08 |
| 36 | $14,410.08 | $373.48 | $0.00 | $81.48 | $14,865.04 |
| 37 | $14,865.04 | $373.48 | $0.00 | $84.05 | $15,322.57 |
| 38 | $15,322.57 | $373.48 | $0.00 | $86.64 | $15,782.69 |
| 39 | $15,782.69 | $373.48 | $0.00 | $89.24 | $16,245.41 |
| 40 | $16,245.41 | $373.48 | $0.00 | $91.85 | $16,710.74 |
| 41 | $16,710.74 | $373.48 | $0.00 | $94.48 | $17,178.70 |
| 42 | $17,178.70 | $373.48 | $0.00 | $97.13 | $17,649.31 |
| 43 | $17,649.31 | $373.48 | $0.00 | $99.79 | $18,122.58 |
| 44 | $18,122.58 | $373.48 | $0.00 | $102.47 | $18,598.53 |
| 45 | $18,598.53 | $373.48 | $0.00 | $105.16 | $19,077.17 |
| 46 | $19,077.17 | $373.48 | $0.00 | $107.87 | $19,558.52 |
| 47 | $19,558.52 | $373.48 | $0.00 | $110.59 | $20,042.59 |
| 48 | $20,042.59 | $373.48 | $0.00 | $113.32 | $20,529.39 |
| 49 | $20,529.39 | $373.48 | $0.00 | $116.08 | $21,018.95 |
| 50 | $21,018.95 | $373.48 | $0.00 | $118.84 | $21,511.27 |
| 51 | $21,511.27 | $373.48 | $0.00 | $121.63 | $22,006.38 |
| 52 | $22,006.38 | $373.48 | $0.00 | $124.43 | $22,504.29 |
| 53 | $22,504.29 | $373.48 | $0.00 | $127.24 | $23,005.01 |
| 54 | $23,005.01 | $373.48 | $0.00 | $130.07 | $23,508.56 |
| 55 | $23,508.56 | $373.48 | $0.00 | $132.92 | $24,014.96 |
| 56 | $24,014.96 | $373.48 | $0.00 | $135.78 | $24,524.22 |
| 57 | $24,524.22 | $373.48 | $0.00 | $138.66 | $25,036.36 |
| 58 | $25,036.36 | $373.48 | $0.00 | $141.56 | $25,551.40 |
| 59 | $25,551.40 | $373.48 | $0.00 | $144.47 | $26,069.35 |
| 60 | $26,069.35 | $373.48 | $0.00 | $147.40 | $26,590.23 |
| 61 | $26,590.23 | $373.48 | $0.00 | $150.35 | $27,114.06 |
| 62 | $27,114.06 | $373.48 | $0.00 | $153.31 | $27,640.85 |
| 63 | $27,640.85 | $373.48 | $0.00 | $156.29 | $28,170.62 |
| 64 | $28,170.62 | $373.48 | $0.00 | $159.28 | $28,703.38 |
| 65 | $28,703.38 | $373.48 | $0.00 | $162.29 | $29,239.15 |
| 66 | $29,239.15 | $373.48 | $0.00 | $165.32 | $29,777.95 |
| 67 | $29,777.95 | $373.48 | $0.00 | $168.37 | $30,319.80 |
| 68 | $30,319.80 | $373.48 | $0.00 | $171.43 | $30,864.71 |
| 69 | $30,864.71 | $373.48 | $0.00 | $174.51 | $31,412.70 |
| 70 | $31,412.70 | $373.48 | $0.00 | $177.61 | $31,963.79 |
| 71 | $31,963.79 | $373.48 | $0.00 | $180.73 | $32,518.00 |
| 72 | $32,518.00 | $373.48 | $0.00 | $183.86 | $33,075.34 |
| 73 | $33,075.34 | $373.48 | $0.00 | $187.01 | $33,635.83 |
| 74 | $33,635.83 | $373.48 | $0.00 | $190.18 | $34,199.49 |
| 75 | $34,199.49 | $373.48 | $0.00 | $193.37 | $34,766.34 |
| 76 | $34,766.34 | $373.48 | $0.00 | $196.57 | $35,336.39 |
| 77 | $35,336.39 | $373.48 | $0.00 | $199.80 | $35,909.67 |
| 78 | $35,909.67 | $373.48 | $0.00 | $203.04 | $36,486.19 |
| 79 | $36,486.19 | $373.48 | $0.00 | $206.30 | $37,065.97 |
| 80 | $37,065.97 | $373.48 | $0.00 | $209.58 | $37,649.03 |
| 81 | $37,649.03 | $373.48 | $0.00 | $212.87 | $38,235.38 |
| 82 | $38,235.38 | $373.48 | $0.00 | $216.19 | $38,825.05 |
| 83 | $38,825.05 | $373.48 | $0.00 | $219.52 | $39,418.05 |
| 84 | $39,418.05 | $373.48 | $0.00 | $222.88 | $40,014.41 |
| 85 | $40,014.41 | $373.48 | $0.00 | $226.25 | $40,614.14 |
| 86 | $40,614.14 | $373.48 | $0.00 | $229.64 | $41,217.26 |
| 87 | $41,217.26 | $373.48 | $0.00 | $233.05 | $41,823.79 |
| 88 | $41,823.79 | $373.48 | $0.00 | $236.48 | $42,433.75 |
| 89 | $42,433.75 | $373.48 | $0.00 | $239.93 | $43,047.16 |
| 90 | $43,047.16 | $373.48 | $0.00 | $243.39 | $43,664.03 |
| 91 | $43,664.03 | $373.48 | $0.00 | $246.88 | $44,284.39 |
| 92 | $44,284.39 | $373.48 | $0.00 | $250.39 | $44,908.26 |
| 93 | $44,908.26 | $373.48 | $0.00 | $253.92 | $45,535.66 |
| 94 | $45,535.66 | $373.48 | $0.00 | $257.47 | $46,166.61 |
| 95 | $46,166.61 | $373.48 | $0.00 | $261.03 | $46,801.12 |
| 96 | $46,801.12 | $373.48 | $0.00 | $264.62 | $47,439.22 |
| 97 | $47,439.22 | $373.48 | $0.00 | $268.23 | $48,080.93 |
| 98 | $48,080.93 | $373.48 | $0.00 | $271.86 | $48,726.27 |
| 99 | $48,726.27 | $373.48 | $0.00 | $275.51 | $49,375.26 |
| 100 | $49,375.26 | $373.48 | $0.00 | $279.17 | $50,027.91 |
| 101 | $50,027.91 | $373.48 | $0.00 | $282.87 | $50,684.26 |
| 102 | $50,684.26 | $373.48 | $0.00 | $286.58 | $51,344.32 |
| 103 | $51,344.32 | $373.48 | $0.00 | $290.31 | $52,008.11 |
| 104 | $52,008.11 | $373.48 | $0.00 | $294.06 | $52,675.65 |
| 105 | $52,675.65 | $373.48 | $0.00 | $297.84 | $53,346.97 |
| 106 | $53,346.97 | $373.48 | $0.00 | $301.63 | $54,022.08 |
| 107 | $54,022.08 | $373.48 | $0.00 | $305.45 | $54,701.01 |
| 108 | $54,701.01 | $373.48 | $0.00 | $309.29 | $55,383.78 |
| 109 | $55,383.78 | $373.48 | $0.00 | $313.15 | $56,070.41 |
| 110 | $56,070.41 | $373.48 | $0.00 | $317.03 | $56,760.92 |
| 111 | $56,760.92 | $373.48 | $0.00 | $320.93 | $57,455.33 |
| 112 | $57,455.33 | $373.48 | $0.00 | $324.86 | $58,153.67 |
| 113 | $58,153.67 | $373.48 | $0.00 | $328.81 | $58,855.96 |
| 114 | $58,855.96 | $373.48 | $0.00 | $332.78 | $59,562.22 |
| 115 | $59,562.22 | $373.48 | $0.00 | $336.77 | $60,272.47 |
| 116 | $60,272.47 | $373.48 | $0.00 | $340.79 | $60,986.74 |
| 117 | $60,986.74 | $373.48 | $0.00 | $344.83 | $61,705.05 |
| 118 | $61,705.05 | $373.48 | $0.00 | $348.89 | $62,427.42 |
| 119 | $62,427.42 | $373.48 | $0.00 | $352.97 | $63,153.87 |
| 120 | $63,153.87 | $373.48 | $0.00 | $357.08 | $63,884.43 |
| 121 | $63,884.43 | $373.48 | $0.00 | $361.21 | $64,619.12 |
| 122 | $64,619.12 | $373.48 | $0.00 | $365.37 | $65,357.97 |
| 123 | $65,357.97 | $373.48 | $0.00 | $369.54 | $66,100.99 |
| 124 | $66,100.99 | $373.48 | $0.00 | $373.74 | $66,848.21 |
| 125 | $66,848.21 | $373.48 | $0.00 | $377.97 | $67,599.66 |
| 126 | $67,599.66 | $373.48 | $0.00 | $382.22 | $68,355.36 |
| 127 | $68,355.36 | $373.48 | $0.00 | $386.49 | $69,115.33 |
| 128 | $69,115.33 | $373.48 | $0.00 | $390.79 | $69,879.60 |
| 129 | $69,879.60 | $373.48 | $0.00 | $395.11 | $70,648.19 |
| 130 | $70,648.19 | $373.48 | $0.00 | $399.46 | $71,421.13 |
| 131 | $71,421.13 | $373.48 | $0.00 | $403.83 | $72,198.44 |
| 132 | $72,198.44 | $373.48 | $0.00 | $408.22 | $72,980.14 |
| 133 | $72,980.14 | $373.48 | $0.00 | $412.64 | $73,766.26 |
| 134 | $73,766.26 | $373.48 | $0.00 | $417.09 | $74,556.83 |
| 135 | $74,556.83 | $373.48 | $0.00 | $421.56 | $75,351.87 |
| 136 | $75,351.87 | $373.48 | $0.00 | $426.05 | $76,151.40 |
| 137 | $76,151.40 | $373.48 | $0.00 | $430.57 | $76,955.45 |
| 138 | $76,955.45 | $373.48 | $0.00 | $435.12 | $77,764.05 |
| 139 | $77,764.05 | $373.48 | $0.00 | $439.69 | $78,577.22 |
| 140 | $78,577.22 | $373.48 | $0.00 | $444.29 | $79,394.99 |
| 141 | $79,394.99 | $373.48 | $0.00 | $448.91 | $80,217.38 |
| 142 | $80,217.38 | $373.48 | $0.00 | $453.56 | $81,044.42 |
| 143 | $81,044.42 | $373.48 | $0.00 | $458.24 | $81,876.14 |
| 144 | $81,876.14 | $373.48 | $0.00 | $462.94 | $82,712.56 |
| 145 | $82,712.56 | $373.48 | $0.00 | $467.67 | $83,553.71 |
| 146 | $83,553.71 | $373.48 | $0.00 | $472.42 | $84,399.61 |
| 147 | $84,399.61 | $373.48 | $0.00 | $477.21 | $85,250.30 |
| 148 | $85,250.30 | $373.48 | $0.00 | $482.02 | $86,105.80 |
| 149 | $86,105.80 | $373.48 | $0.00 | $486.85 | $86,966.13 |
| 150 | $86,966.13 | $373.48 | $0.00 | $491.72 | $87,831.33 |
| 151 | $87,831.33 | $373.48 | $0.00 | $496.61 | $88,701.42 |
| 152 | $88,701.42 | $373.48 | $0.00 | $501.53 | $89,576.43 |
| 153 | $89,576.43 | $373.48 | $0.00 | $506.48 | $90,456.39 |
| 154 | $90,456.39 | $373.48 | $0.00 | $511.45 | $91,341.32 |
| 155 | $91,341.32 | $373.48 | $0.00 | $516.46 | $92,231.26 |
| 156 | $92,231.26 | $373.48 | $0.00 | $521.49 | $93,126.23 |
| 157 | $93,126.23 | $373.48 | $0.00 | $526.55 | $94,026.26 |
| 158 | $94,026.26 | $373.48 | $0.00 | $531.64 | $94,931.38 |
| 159 | $94,931.38 | $373.48 | $0.00 | $536.76 | $95,841.62 |
| 160 | $95,841.62 | $373.48 | $0.00 | $541.90 | $96,757.00 |
| 161 | $96,757.00 | $373.48 | $0.00 | $547.08 | $97,677.56 |
| 162 | $97,677.56 | $373.48 | $0.00 | $552.28 | $98,603.32 |
| 163 | $98,603.32 | $373.48 | $0.00 | $557.52 | $99,534.32 |
| 164 | $99,534.32 | $373.48 | $0.00 | $562.78 | $100,470.58 |
| 165 | $100,470.58 | $373.48 | $0.00 | $568.08 | $101,412.14 |
| 166 | $101,412.14 | $373.48 | $0.00 | $573.40 | $102,359.02 |
| 167 | $102,359.02 | $373.48 | $0.00 | $578.75 | $103,311.25 |
| 168 | $103,311.25 | $373.48 | $0.00 | $584.14 | $104,268.87 |
| 169 | $104,268.87 | $373.48 | $0.00 | $589.55 | $105,231.90 |
| 170 | $105,231.90 | $373.48 | $0.00 | $595.00 | $106,200.38 |
| 171 | $106,200.38 | $373.48 | $0.00 | $600.47 | $107,174.33 |
| 172 | $107,174.33 | $373.48 | $0.00 | $605.98 | $108,153.79 |
| 173 | $108,153.79 | $373.48 | $0.00 | $611.52 | $109,138.79 |
| 174 | $109,138.79 | $373.48 | $0.00 | $617.09 | $110,129.36 |
| 175 | $110,129.36 | $373.48 | $0.00 | $622.69 | $111,125.53 |
| 176 | $111,125.53 | $373.48 | $0.00 | $628.32 | $112,127.33 |
| 177 | $112,127.33 | $373.48 | $0.00 | $633.98 | $113,134.79 |
| 178 | $113,134.79 | $373.48 | $0.00 | $639.68 | $114,147.95 |
| 179 | $114,147.95 | $373.48 | $0.00 | $645.41 | $115,166.84 |
| 180 | $115,166.84 | $373.48 | $0.00 | $651.17 | $116,191.49 |
| 181 | $116,191.49 | $373.48 | $0.00 | $656.96 | $117,221.93 |
| 182 | $117,221.93 | $373.48 | $0.00 | $662.79 | $118,258.20 |
| 183 | $118,258.20 | $373.48 | $0.00 | $668.65 | $119,300.33 |
| 184 | $119,300.33 | $373.48 | $0.00 | $674.54 | $120,348.35 |
| 185 | $120,348.35 | $373.48 | $0.00 | $680.47 | $121,402.30 |
| 186 | $121,402.30 | $373.48 | $0.00 | $686.43 | $122,462.21 |
| 187 | $122,462.21 | $373.48 | $0.00 | $692.42 | $123,528.11 |
| 188 | $123,528.11 | $373.48 | $0.00 | $698.45 | $124,600.04 |
| 189 | $124,600.04 | $373.48 | $0.00 | $704.51 | $125,678.03 |
| 190 | $125,678.03 | $373.48 | $0.00 | $710.60 | $126,762.11 |
| 191 | $126,762.11 | $373.48 | $0.00 | $716.73 | $127,852.32 |
| 192 | $127,852.32 | $373.48 | $0.00 | $722.90 | $128,948.70 |
| 193 | $128,948.70 | $373.48 | $0.00 | $729.09 | $130,051.27 |
| 194 | $130,051.27 | $373.48 | $0.00 | $735.33 | $131,160.08 |
| 195 | $131,160.08 | $373.48 | $0.00 | $741.60 | $132,275.16 |
| 196 | $132,275.16 | $373.48 | $0.00 | $747.90 | $133,396.54 |
| 197 | $133,396.54 | $373.48 | $0.00 | $754.24 | $134,524.26 |
| 198 | $134,524.26 | $373.48 | $0.00 | $760.62 | $135,658.36 |
| 199 | $135,658.36 | $373.48 | $0.00 | $767.03 | $136,798.87 |
| 200 | $136,798.87 | $373.48 | $0.00 | $773.48 | $137,945.83 |
| 201 | $137,945.83 | $373.48 | $0.00 | $779.97 | $139,099.28 |
| 202 | $139,099.28 | $373.48 | $0.00 | $786.49 | $140,259.25 |
| 203 | $140,259.25 | $373.48 | $0.00 | $793.05 | $141,425.78 |
| 204 | $141,425.78 | $373.48 | $0.00 | $799.64 | $142,598.90 |
| 205 | $142,598.90 | $373.48 | $0.00 | $806.27 | $143,778.65 |
| 206 | $143,778.65 | $373.48 | $0.00 | $812.95 | $144,965.08 |
| 207 | $144,965.08 | $373.48 | $0.00 | $819.65 | $146,158.21 |
| 208 | $146,158.21 | $373.48 | $0.00 | $826.40 | $147,358.09 |
| 209 | $147,358.09 | $373.48 | $0.00 | $833.18 | $148,564.75 |
| 210 | $148,564.75 | $373.48 | $0.00 | $840.01 | $149,778.24 |
| 211 | $149,778.24 | $373.48 | $0.00 | $846.87 | $150,998.59 |
| 212 | $150,998.59 | $373.48 | $0.00 | $853.77 | $152,225.84 |
| 213 | $152,225.84 | $373.48 | $0.00 | $860.71 | $153,460.03 |
| 214 | $153,460.03 | $373.48 | $0.00 | $867.69 | $154,701.20 |
| 215 | $154,701.20 | $373.48 | $0.00 | $874.70 | $155,949.38 |
| 216 | $155,949.38 | $373.48 | $0.00 | $881.76 | $157,204.62 |
| 217 | $157,204.62 | $373.48 | $81,219.77 | $888.86 | $77,247.19 |
| 218 | $77,247.19 | $373.48 | $0.00 | $436.77 | $78,057.44 |
| 219 | $78,057.44 | $373.48 | $0.00 | $441.35 | $78,872.27 |
| 220 | $78,872.27 | $373.48 | $0.00 | $445.96 | $79,691.71 |
| 221 | $79,691.71 | $373.48 | $0.00 | $450.59 | $80,515.78 |
| 222 | $80,515.78 | $373.48 | $0.00 | $455.25 | $81,344.51 |
| 223 | $81,344.51 | $373.48 | $0.00 | $459.93 | $82,177.92 |
| 224 | $82,177.92 | $373.48 | $0.00 | $464.65 | $83,016.05 |
| 225 | $83,016.05 | $373.48 | $0.00 | $469.38 | $83,858.91 |
| 226 | $83,858.91 | $373.48 | $0.00 | $474.15 | $84,706.54 |
| 227 | $84,706.54 | $373.48 | $0.00 | $478.94 | $85,558.96 |
| 228 | $85,558.96 | $373.48 | $0.00 | $483.76 | $86,416.20 |
| 229 | $86,416.20 | $0.00 | $86,905.16 | $488.61 | -$0.35 |