Savings Plan and Future Cost Estimation for Wake Technical 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$78,220
Monthly savings required$348

How much will it cost to send your child to Wake Technical Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $156,440.84 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $347.52 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$22,360.00
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 $347.52 $0.00 $0.00 $347.52
2 $347.52 $347.52 $0.00 $1.96 $697.00
3 $697.00 $347.52 $0.00 $3.94 $1,048.46
4 $1,048.46 $347.52 $0.00 $5.93 $1,401.91
5 $1,401.91 $347.52 $0.00 $7.93 $1,757.36
6 $1,757.36 $347.52 $0.00 $9.94 $2,114.82
7 $2,114.82 $347.52 $0.00 $11.96 $2,474.30
8 $2,474.30 $347.52 $0.00 $13.99 $2,835.81
9 $2,835.81 $347.52 $0.00 $16.03 $3,199.36
10 $3,199.36 $347.52 $0.00 $18.09 $3,564.97
11 $3,564.97 $347.52 $0.00 $20.16 $3,932.65
12 $3,932.65 $347.52 $0.00 $22.24 $4,302.41
13 $4,302.41 $347.52 $0.00 $24.33 $4,674.26
14 $4,674.26 $347.52 $0.00 $26.43 $5,048.21
15 $5,048.21 $347.52 $0.00 $28.54 $5,424.27
16 $5,424.27 $347.52 $0.00 $30.67 $5,802.46
17 $5,802.46 $347.52 $0.00 $32.81 $6,182.79
18 $6,182.79 $347.52 $0.00 $34.96 $6,565.27
19 $6,565.27 $347.52 $0.00 $37.12 $6,949.91
20 $6,949.91 $347.52 $0.00 $39.30 $7,336.73
21 $7,336.73 $347.52 $0.00 $41.48 $7,725.73
22 $7,725.73 $347.52 $0.00 $43.68 $8,116.93
23 $8,116.93 $347.52 $0.00 $45.89 $8,510.34
24 $8,510.34 $347.52 $0.00 $48.12 $8,905.98
25 $8,905.98 $347.52 $0.00 $50.36 $9,303.86
26 $9,303.86 $347.52 $0.00 $52.61 $9,703.99
27 $9,703.99 $347.52 $0.00 $54.87 $10,106.38
28 $10,106.38 $347.52 $0.00 $57.14 $10,511.04
29 $10,511.04 $347.52 $0.00 $59.43 $10,917.99
30 $10,917.99 $347.52 $0.00 $61.73 $11,327.24
31 $11,327.24 $347.52 $0.00 $64.05 $11,738.81
32 $11,738.81 $347.52 $0.00 $66.37 $12,152.70
33 $12,152.70 $347.52 $0.00 $68.71 $12,568.93
34 $12,568.93 $347.52 $0.00 $71.07 $12,987.52
35 $12,987.52 $347.52 $0.00 $73.43 $13,408.47
36 $13,408.47 $347.52 $0.00 $75.81 $13,831.80
37 $13,831.80 $347.52 $0.00 $78.21 $14,257.53
38 $14,257.53 $347.52 $0.00 $80.61 $14,685.66
39 $14,685.66 $347.52 $0.00 $83.03 $15,116.21
40 $15,116.21 $347.52 $0.00 $85.47 $15,549.20
41 $15,549.20 $347.52 $0.00 $87.92 $15,984.64
42 $15,984.64 $347.52 $0.00 $90.38 $16,422.54
43 $16,422.54 $347.52 $0.00 $92.86 $16,862.92
44 $16,862.92 $347.52 $0.00 $95.35 $17,305.79
45 $17,305.79 $347.52 $0.00 $97.85 $17,751.16
46 $17,751.16 $347.52 $0.00 $100.37 $18,199.05
47 $18,199.05 $347.52 $0.00 $102.90 $18,649.47
48 $18,649.47 $347.52 $0.00 $105.45 $19,102.44
49 $19,102.44 $347.52 $0.00 $108.01 $19,557.97
50 $19,557.97 $347.52 $0.00 $110.58 $20,016.07
51 $20,016.07 $347.52 $0.00 $113.17 $20,476.76
52 $20,476.76 $347.52 $0.00 $115.78 $20,940.06
53 $20,940.06 $347.52 $0.00 $118.40 $21,405.98
54 $21,405.98 $347.52 $0.00 $121.03 $21,874.53
55 $21,874.53 $347.52 $0.00 $123.68 $22,345.73
56 $22,345.73 $347.52 $0.00 $126.35 $22,819.60
57 $22,819.60 $347.52 $0.00 $129.03 $23,296.15
58 $23,296.15 $347.52 $0.00 $131.72 $23,775.39
59 $23,775.39 $347.52 $0.00 $134.43 $24,257.34
60 $24,257.34 $347.52 $0.00 $137.15 $24,742.01
61 $24,742.01 $347.52 $0.00 $139.89 $25,229.42
62 $25,229.42 $347.52 $0.00 $142.65 $25,719.59
63 $25,719.59 $347.52 $0.00 $145.42 $26,212.53
64 $26,212.53 $347.52 $0.00 $148.21 $26,708.26
65 $26,708.26 $347.52 $0.00 $151.01 $27,206.79
66 $27,206.79 $347.52 $0.00 $153.83 $27,708.14
67 $27,708.14 $347.52 $0.00 $156.67 $28,212.33
68 $28,212.33 $347.52 $0.00 $159.52 $28,719.37
69 $28,719.37 $347.52 $0.00 $162.38 $29,229.27
70 $29,229.27 $347.52 $0.00 $165.27 $29,742.06
71 $29,742.06 $347.52 $0.00 $168.17 $30,257.75
72 $30,257.75 $347.52 $0.00 $171.08 $30,776.35
73 $30,776.35 $347.52 $0.00 $174.01 $31,297.88
74 $31,297.88 $347.52 $0.00 $176.96 $31,822.36
75 $31,822.36 $347.52 $0.00 $179.93 $32,349.81
76 $32,349.81 $347.52 $0.00 $182.91 $32,880.24
77 $32,880.24 $347.52 $0.00 $185.91 $33,413.67
78 $33,413.67 $347.52 $0.00 $188.93 $33,950.12
79 $33,950.12 $347.52 $0.00 $191.96 $34,489.60
80 $34,489.60 $347.52 $0.00 $195.01 $35,032.13
81 $35,032.13 $347.52 $0.00 $198.08 $35,577.73
82 $35,577.73 $347.52 $0.00 $201.16 $36,126.41
83 $36,126.41 $347.52 $0.00 $204.26 $36,678.19
84 $36,678.19 $347.52 $0.00 $207.38 $37,233.09
85 $37,233.09 $347.52 $0.00 $210.52 $37,791.13
86 $37,791.13 $347.52 $0.00 $213.68 $38,352.33
87 $38,352.33 $347.52 $0.00 $216.85 $38,916.70
88 $38,916.70 $347.52 $0.00 $220.04 $39,484.26
89 $39,484.26 $347.52 $0.00 $223.25 $40,055.03
90 $40,055.03 $347.52 $0.00 $226.48 $40,629.03
91 $40,629.03 $347.52 $0.00 $229.72 $41,206.27
92 $41,206.27 $347.52 $0.00 $232.99 $41,786.78
93 $41,786.78 $347.52 $0.00 $236.27 $42,370.57
94 $42,370.57 $347.52 $0.00 $239.57 $42,957.66
95 $42,957.66 $347.52 $0.00 $242.89 $43,548.07
96 $43,548.07 $347.52 $0.00 $246.23 $44,141.82
97 $44,141.82 $347.52 $0.00 $249.58 $44,738.92
98 $44,738.92 $347.52 $0.00 $252.96 $45,339.40
99 $45,339.40 $347.52 $0.00 $256.36 $45,943.28
100 $45,943.28 $347.52 $0.00 $259.77 $46,550.57
101 $46,550.57 $347.52 $0.00 $263.20 $47,161.29
102 $47,161.29 $347.52 $0.00 $266.66 $47,775.47
103 $47,775.47 $347.52 $0.00 $270.13 $48,393.12
104 $48,393.12 $347.52 $0.00 $273.62 $49,014.26
105 $49,014.26 $347.52 $0.00 $277.13 $49,638.91
106 $49,638.91 $347.52 $0.00 $280.67 $50,267.10
107 $50,267.10 $347.52 $0.00 $284.22 $50,898.84
108 $50,898.84 $347.52 $0.00 $287.79 $51,534.15
109 $51,534.15 $347.52 $0.00 $291.38 $52,173.05
110 $52,173.05 $347.52 $0.00 $294.99 $52,815.56
111 $52,815.56 $347.52 $0.00 $298.63 $53,461.71
112 $53,461.71 $347.52 $0.00 $302.28 $54,111.51
113 $54,111.51 $347.52 $0.00 $305.95 $54,764.98
114 $54,764.98 $347.52 $0.00 $309.65 $55,422.15
115 $55,422.15 $347.52 $0.00 $313.36 $56,083.03
116 $56,083.03 $347.52 $0.00 $317.10 $56,747.65
117 $56,747.65 $347.52 $0.00 $320.86 $57,416.03
118 $57,416.03 $347.52 $0.00 $324.64 $58,088.19
119 $58,088.19 $347.52 $0.00 $328.44 $58,764.15
120 $58,764.15 $347.52 $0.00 $332.26 $59,443.93
121 $59,443.93 $347.52 $0.00 $336.10 $60,127.55
122 $60,127.55 $347.52 $0.00 $339.97 $60,815.04
123 $60,815.04 $347.52 $0.00 $343.86 $61,506.42
124 $61,506.42 $347.52 $0.00 $347.77 $62,201.71
125 $62,201.71 $347.52 $0.00 $351.70 $62,900.93
126 $62,900.93 $347.52 $0.00 $355.65 $63,604.10
127 $63,604.10 $347.52 $0.00 $359.63 $64,311.25
128 $64,311.25 $347.52 $0.00 $363.63 $65,022.40
129 $65,022.40 $347.52 $0.00 $367.65 $65,737.57
130 $65,737.57 $347.52 $0.00 $371.69 $66,456.78
131 $66,456.78 $347.52 $0.00 $375.76 $67,180.06
132 $67,180.06 $347.52 $0.00 $379.85 $67,907.43
133 $67,907.43 $347.52 $0.00 $383.96 $68,638.91
134 $68,638.91 $347.52 $0.00 $388.09 $69,374.52
135 $69,374.52 $347.52 $0.00 $392.25 $70,114.29
136 $70,114.29 $347.52 $0.00 $396.44 $70,858.25
137 $70,858.25 $347.52 $0.00 $400.64 $71,606.41
138 $71,606.41 $347.52 $0.00 $404.87 $72,358.80
139 $72,358.80 $347.52 $0.00 $409.13 $73,115.45
140 $73,115.45 $347.52 $0.00 $413.41 $73,876.38
141 $73,876.38 $347.52 $0.00 $417.71 $74,641.61
142 $74,641.61 $347.52 $0.00 $422.03 $75,411.16
143 $75,411.16 $347.52 $0.00 $426.39 $76,185.07
144 $76,185.07 $347.52 $0.00 $430.76 $76,963.35
145 $76,963.35 $347.52 $0.00 $435.16 $77,746.03
146 $77,746.03 $347.52 $0.00 $439.59 $78,533.14
147 $78,533.14 $347.52 $0.00 $444.04 $79,324.70
148 $79,324.70 $347.52 $0.00 $448.51 $80,120.73
149 $80,120.73 $347.52 $0.00 $453.01 $80,921.26
150 $80,921.26 $347.52 $0.00 $457.54 $81,726.32
151 $81,726.32 $347.52 $0.00 $462.09 $82,535.93
152 $82,535.93 $347.52 $0.00 $466.67 $83,350.12
153 $83,350.12 $347.52 $0.00 $471.27 $84,168.91
154 $84,168.91 $347.52 $0.00 $475.90 $84,992.33
155 $84,992.33 $347.52 $0.00 $480.56 $85,820.41
156 $85,820.41 $347.52 $0.00 $485.24 $86,653.17
157 $86,653.17 $347.52 $0.00 $489.95 $87,490.64
158 $87,490.64 $347.52 $0.00 $494.68 $88,332.84
159 $88,332.84 $347.52 $0.00 $499.45 $89,179.81
160 $89,179.81 $347.52 $0.00 $504.24 $90,031.57
161 $90,031.57 $347.52 $0.00 $509.05 $90,888.14
162 $90,888.14 $347.52 $0.00 $513.89 $91,749.55
163 $91,749.55 $347.52 $0.00 $518.77 $92,615.84
164 $92,615.84 $347.52 $0.00 $523.66 $93,487.02
165 $93,487.02 $347.52 $0.00 $528.59 $94,363.13
166 $94,363.13 $347.52 $0.00 $533.54 $95,244.19
167 $95,244.19 $347.52 $0.00 $538.52 $96,130.23
168 $96,130.23 $347.52 $0.00 $543.53 $97,021.28
169 $97,021.28 $347.52 $0.00 $548.57 $97,917.37
170 $97,917.37 $347.52 $0.00 $553.64 $98,818.53
171 $98,818.53 $347.52 $0.00 $558.73 $99,724.78
172 $99,724.78 $347.52 $0.00 $563.86 $100,636.16
173 $100,636.16 $347.52 $0.00 $569.01 $101,552.69
174 $101,552.69 $347.52 $0.00 $574.19 $102,474.40
175 $102,474.40 $347.52 $0.00 $579.41 $103,401.33
176 $103,401.33 $347.52 $0.00 $584.65 $104,333.50
177 $104,333.50 $347.52 $0.00 $589.92 $105,270.94
178 $105,270.94 $347.52 $0.00 $595.22 $106,213.68
179 $106,213.68 $347.52 $0.00 $600.55 $107,161.75
180 $107,161.75 $347.52 $0.00 $605.91 $108,115.18
181 $108,115.18 $347.52 $0.00 $611.30 $109,074.00
182 $109,074.00 $347.52 $0.00 $616.72 $110,038.24
183 $110,038.24 $347.52 $0.00 $622.17 $111,007.93
184 $111,007.93 $347.52 $0.00 $627.65 $111,983.10
185 $111,983.10 $347.52 $0.00 $633.17 $112,963.79
186 $112,963.79 $347.52 $0.00 $638.71 $113,950.02
187 $113,950.02 $347.52 $0.00 $644.29 $114,941.83
188 $114,941.83 $347.52 $0.00 $649.90 $115,939.25
189 $115,939.25 $347.52 $0.00 $655.54 $116,942.31
190 $116,942.31 $347.52 $0.00 $661.21 $117,951.04
191 $117,951.04 $347.52 $0.00 $666.91 $118,965.47
192 $118,965.47 $347.52 $0.00 $672.65 $119,985.64
193 $119,985.64 $347.52 $0.00 $678.42 $121,011.58
194 $121,011.58 $347.52 $0.00 $684.22 $122,043.32
195 $122,043.32 $347.52 $0.00 $690.05 $123,080.89
196 $123,080.89 $347.52 $0.00 $695.92 $124,124.33
197 $124,124.33 $347.52 $0.00 $701.82 $125,173.67
198 $125,173.67 $347.52 $0.00 $707.75 $126,228.94
199 $126,228.94 $347.52 $0.00 $713.72 $127,290.18
200 $127,290.18 $347.52 $0.00 $719.72 $128,357.42
201 $128,357.42 $347.52 $0.00 $725.75 $129,430.69
202 $129,430.69 $347.52 $0.00 $731.82 $130,510.03
203 $130,510.03 $347.52 $0.00 $737.92 $131,595.47
204 $131,595.47 $347.52 $0.00 $744.06 $132,687.05
205 $132,687.05 $347.52 $0.00 $750.23 $133,784.80
206 $133,784.80 $347.52 $0.00 $756.44 $134,888.76
207 $134,888.76 $347.52 $0.00 $762.68 $135,998.96
208 $135,998.96 $347.52 $0.00 $768.96 $137,115.44
209 $137,115.44 $347.52 $0.00 $775.27 $138,238.23
210 $138,238.23 $347.52 $0.00 $781.62 $139,367.37
211 $139,367.37 $347.52 $0.00 $788.00 $140,502.89
212 $140,502.89 $347.52 $0.00 $794.42 $141,644.83
213 $141,644.83 $347.52 $0.00 $800.88 $142,793.23
214 $142,793.23 $347.52 $0.00 $807.37 $143,948.12
215 $143,948.12 $347.52 $0.00 $813.90 $145,109.54
216 $145,109.54 $347.52 $0.00 $820.47 $146,277.53
217 $146,277.53 $347.52 $75,575.29 $827.07 $71,876.83
218 $71,876.83 $347.52 $0.00 $406.40 $72,630.75
219 $72,630.75 $347.52 $0.00 $410.66 $73,388.93
220 $73,388.93 $347.52 $0.00 $414.95 $74,151.40
221 $74,151.40 $347.52 $0.00 $419.26 $74,918.18
222 $74,918.18 $347.52 $0.00 $423.60 $75,689.30
223 $75,689.30 $347.52 $0.00 $427.96 $76,464.78
224 $76,464.78 $347.52 $0.00 $432.34 $77,244.64
225 $77,244.64 $347.52 $0.00 $436.75 $78,028.91
226 $78,028.91 $347.52 $0.00 $441.19 $78,817.62
227 $78,817.62 $347.52 $0.00 $445.65 $79,610.79
228 $79,610.79 $347.52 $0.00 $450.13 $80,408.44
229 $80,408.44 $0.00 $80,865.56 $454.64 -$2.48