Savings Plan and Future Cost Estimation for Citadel Military College of South Carolina

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$119,840
Monthly savings required$947

How much will it cost to send your child to Citadel Military College of South Carolina in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $479,359.23 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $947.12 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$31,943.00
Years until enrollment18
Annual Tuition Increase7%
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 $947.12 $0.00 $0.00 $947.12
2 $947.12 $947.12 $0.00 $5.36 $1,899.60
3 $1,899.60 $947.12 $0.00 $10.74 $2,857.46
4 $2,857.46 $947.12 $0.00 $16.16 $3,820.74
5 $3,820.74 $947.12 $0.00 $21.60 $4,789.46
6 $4,789.46 $947.12 $0.00 $27.08 $5,763.66
7 $5,763.66 $947.12 $0.00 $32.59 $6,743.37
8 $6,743.37 $947.12 $0.00 $38.13 $7,728.62
9 $7,728.62 $947.12 $0.00 $43.70 $8,719.44
10 $8,719.44 $947.12 $0.00 $49.30 $9,715.86
11 $9,715.86 $947.12 $0.00 $54.93 $10,717.91
12 $10,717.91 $947.12 $0.00 $60.60 $11,725.63
13 $11,725.63 $947.12 $0.00 $66.30 $12,739.05
14 $12,739.05 $947.12 $0.00 $72.03 $13,758.20
15 $13,758.20 $947.12 $0.00 $77.79 $14,783.11
16 $14,783.11 $947.12 $0.00 $83.59 $15,813.82
17 $15,813.82 $947.12 $0.00 $89.41 $16,850.35
18 $16,850.35 $947.12 $0.00 $95.27 $17,892.74
19 $17,892.74 $947.12 $0.00 $101.17 $18,941.03
20 $18,941.03 $947.12 $0.00 $107.10 $19,995.25
21 $19,995.25 $947.12 $0.00 $113.06 $21,055.43
22 $21,055.43 $947.12 $0.00 $119.05 $22,121.60
23 $22,121.60 $947.12 $0.00 $125.08 $23,193.80
24 $23,193.80 $947.12 $0.00 $131.14 $24,272.06
25 $24,272.06 $947.12 $0.00 $137.24 $25,356.42
26 $25,356.42 $947.12 $0.00 $143.37 $26,446.91
27 $26,446.91 $947.12 $0.00 $149.53 $27,543.56
28 $27,543.56 $947.12 $0.00 $155.74 $28,646.42
29 $28,646.42 $947.12 $0.00 $161.97 $29,755.51
30 $29,755.51 $947.12 $0.00 $168.24 $30,870.87
31 $30,870.87 $947.12 $0.00 $174.55 $31,992.54
32 $31,992.54 $947.12 $0.00 $180.89 $33,120.55
33 $33,120.55 $947.12 $0.00 $187.27 $34,254.94
34 $34,254.94 $947.12 $0.00 $193.68 $35,395.74
35 $35,395.74 $947.12 $0.00 $200.13 $36,542.99
36 $36,542.99 $947.12 $0.00 $206.62 $37,696.73
37 $37,696.73 $947.12 $0.00 $213.14 $38,856.99
38 $38,856.99 $947.12 $0.00 $219.70 $40,023.81
39 $40,023.81 $947.12 $0.00 $226.30 $41,197.23
40 $41,197.23 $947.12 $0.00 $232.94 $42,377.29
41 $42,377.29 $947.12 $0.00 $239.61 $43,564.02
42 $43,564.02 $947.12 $0.00 $246.32 $44,757.46
43 $44,757.46 $947.12 $0.00 $253.07 $45,957.65
44 $45,957.65 $947.12 $0.00 $259.85 $47,164.62
45 $47,164.62 $947.12 $0.00 $266.68 $48,378.42
46 $48,378.42 $947.12 $0.00 $273.54 $49,599.08
47 $49,599.08 $947.12 $0.00 $280.44 $50,826.64
48 $50,826.64 $947.12 $0.00 $287.38 $52,061.14
49 $52,061.14 $947.12 $0.00 $294.36 $53,302.62
50 $53,302.62 $947.12 $0.00 $301.38 $54,551.12
51 $54,551.12 $947.12 $0.00 $308.44 $55,806.68
52 $55,806.68 $947.12 $0.00 $315.54 $57,069.34
53 $57,069.34 $947.12 $0.00 $322.68 $58,339.14
54 $58,339.14 $947.12 $0.00 $329.86 $59,616.12
55 $59,616.12 $947.12 $0.00 $337.08 $60,900.32
56 $60,900.32 $947.12 $0.00 $344.34 $62,191.78
57 $62,191.78 $947.12 $0.00 $351.64 $63,490.54
58 $63,490.54 $947.12 $0.00 $358.98 $64,796.64
59 $64,796.64 $947.12 $0.00 $366.37 $66,110.13
60 $66,110.13 $947.12 $0.00 $373.80 $67,431.05
61 $67,431.05 $947.12 $0.00 $381.26 $68,759.43
62 $68,759.43 $947.12 $0.00 $388.78 $70,095.33
63 $70,095.33 $947.12 $0.00 $396.33 $71,438.78
64 $71,438.78 $947.12 $0.00 $403.93 $72,789.83
65 $72,789.83 $947.12 $0.00 $411.56 $74,148.51
66 $74,148.51 $947.12 $0.00 $419.25 $75,514.88
67 $75,514.88 $947.12 $0.00 $426.97 $76,888.97
68 $76,888.97 $947.12 $0.00 $434.74 $78,270.83
69 $78,270.83 $947.12 $0.00 $442.55 $79,660.50
70 $79,660.50 $947.12 $0.00 $450.41 $81,058.03
71 $81,058.03 $947.12 $0.00 $458.31 $82,463.46
72 $82,463.46 $947.12 $0.00 $466.26 $83,876.84
73 $83,876.84 $947.12 $0.00 $474.25 $85,298.21
74 $85,298.21 $947.12 $0.00 $482.29 $86,727.62
75 $86,727.62 $947.12 $0.00 $490.37 $88,165.11
76 $88,165.11 $947.12 $0.00 $498.50 $89,610.73
77 $89,610.73 $947.12 $0.00 $506.67 $91,064.52
78 $91,064.52 $947.12 $0.00 $514.89 $92,526.53
79 $92,526.53 $947.12 $0.00 $523.16 $93,996.81
80 $93,996.81 $947.12 $0.00 $531.47 $95,475.40
81 $95,475.40 $947.12 $0.00 $539.83 $96,962.35
82 $96,962.35 $947.12 $0.00 $548.24 $98,457.71
83 $98,457.71 $947.12 $0.00 $556.69 $99,961.52
84 $99,961.52 $947.12 $0.00 $565.20 $101,473.84
85 $101,473.84 $947.12 $0.00 $573.75 $102,994.71
86 $102,994.71 $947.12 $0.00 $582.35 $104,524.18
87 $104,524.18 $947.12 $0.00 $590.99 $106,062.29
88 $106,062.29 $947.12 $0.00 $599.69 $107,609.10
89 $107,609.10 $947.12 $0.00 $608.44 $109,164.66
90 $109,164.66 $947.12 $0.00 $617.23 $110,729.01
91 $110,729.01 $947.12 $0.00 $626.08 $112,302.21
92 $112,302.21 $947.12 $0.00 $634.97 $113,884.30
93 $113,884.30 $947.12 $0.00 $643.92 $115,475.34
94 $115,475.34 $947.12 $0.00 $652.91 $117,075.37
95 $117,075.37 $947.12 $0.00 $661.96 $118,684.45
96 $118,684.45 $947.12 $0.00 $671.06 $120,302.63
97 $120,302.63 $947.12 $0.00 $680.21 $121,929.96
98 $121,929.96 $947.12 $0.00 $689.41 $123,566.49
99 $123,566.49 $947.12 $0.00 $698.66 $125,212.27
100 $125,212.27 $947.12 $0.00 $707.97 $126,867.36
101 $126,867.36 $947.12 $0.00 $717.33 $128,531.81
102 $128,531.81 $947.12 $0.00 $726.74 $130,205.67
103 $130,205.67 $947.12 $0.00 $736.20 $131,888.99
104 $131,888.99 $947.12 $0.00 $745.72 $133,581.83
105 $133,581.83 $947.12 $0.00 $755.29 $135,284.24
106 $135,284.24 $947.12 $0.00 $764.92 $136,996.28
107 $136,996.28 $947.12 $0.00 $774.60 $138,718.00
108 $138,718.00 $947.12 $0.00 $784.33 $140,449.45
109 $140,449.45 $947.12 $0.00 $794.12 $142,190.69
110 $142,190.69 $947.12 $0.00 $803.97 $143,941.78
111 $143,941.78 $947.12 $0.00 $813.87 $145,702.77
112 $145,702.77 $947.12 $0.00 $823.82 $147,473.71
113 $147,473.71 $947.12 $0.00 $833.84 $149,254.67
114 $149,254.67 $947.12 $0.00 $843.91 $151,045.70
115 $151,045.70 $947.12 $0.00 $854.03 $152,846.85
116 $152,846.85 $947.12 $0.00 $864.22 $154,658.19
117 $154,658.19 $947.12 $0.00 $874.46 $156,479.77
118 $156,479.77 $947.12 $0.00 $884.76 $158,311.65
119 $158,311.65 $947.12 $0.00 $895.12 $160,153.89
120 $160,153.89 $947.12 $0.00 $905.53 $162,006.54
121 $162,006.54 $947.12 $0.00 $916.01 $163,869.67
122 $163,869.67 $947.12 $0.00 $926.54 $165,743.33
123 $165,743.33 $947.12 $0.00 $937.14 $167,627.59
124 $167,627.59 $947.12 $0.00 $947.79 $169,522.50
125 $169,522.50 $947.12 $0.00 $958.50 $171,428.12
126 $171,428.12 $947.12 $0.00 $969.28 $173,344.52
127 $173,344.52 $947.12 $0.00 $980.12 $175,271.76
128 $175,271.76 $947.12 $0.00 $991.01 $177,209.89
129 $177,209.89 $947.12 $0.00 $1,001.97 $179,158.98
130 $179,158.98 $947.12 $0.00 $1,012.99 $181,119.09
131 $181,119.09 $947.12 $0.00 $1,024.07 $183,090.28
132 $183,090.28 $947.12 $0.00 $1,035.22 $185,072.62
133 $185,072.62 $947.12 $0.00 $1,046.43 $187,066.17
134 $187,066.17 $947.12 $0.00 $1,057.70 $189,070.99
135 $189,070.99 $947.12 $0.00 $1,069.03 $191,087.14
136 $191,087.14 $947.12 $0.00 $1,080.43 $193,114.69
137 $193,114.69 $947.12 $0.00 $1,091.90 $195,153.71
138 $195,153.71 $947.12 $0.00 $1,103.43 $197,204.26
139 $197,204.26 $947.12 $0.00 $1,115.02 $199,266.40
140 $199,266.40 $947.12 $0.00 $1,126.68 $201,340.20
141 $201,340.20 $947.12 $0.00 $1,138.41 $203,425.73
142 $203,425.73 $947.12 $0.00 $1,150.20 $205,523.05
143 $205,523.05 $947.12 $0.00 $1,162.06 $207,632.23
144 $207,632.23 $947.12 $0.00 $1,173.98 $209,753.33
145 $209,753.33 $947.12 $0.00 $1,185.98 $211,886.43
146 $211,886.43 $947.12 $0.00 $1,198.04 $214,031.59
147 $214,031.59 $947.12 $0.00 $1,210.17 $216,188.88
148 $216,188.88 $947.12 $0.00 $1,222.36 $218,358.36
149 $218,358.36 $947.12 $0.00 $1,234.63 $220,540.11
150 $220,540.11 $947.12 $0.00 $1,246.97 $222,734.20
151 $222,734.20 $947.12 $0.00 $1,259.37 $224,940.69
152 $224,940.69 $947.12 $0.00 $1,271.85 $227,159.66
153 $227,159.66 $947.12 $0.00 $1,284.39 $229,391.17
154 $229,391.17 $947.12 $0.00 $1,297.01 $231,635.30
155 $231,635.30 $947.12 $0.00 $1,309.70 $233,892.12
156 $233,892.12 $947.12 $0.00 $1,322.46 $236,161.70
157 $236,161.70 $947.12 $0.00 $1,335.29 $238,444.11
158 $238,444.11 $947.12 $0.00 $1,348.20 $240,739.43
159 $240,739.43 $947.12 $0.00 $1,361.18 $243,047.73
160 $243,047.73 $947.12 $0.00 $1,374.23 $245,369.08
161 $245,369.08 $947.12 $0.00 $1,387.35 $247,703.55
162 $247,703.55 $947.12 $0.00 $1,400.55 $250,051.22
163 $250,051.22 $947.12 $0.00 $1,413.83 $252,412.17
164 $252,412.17 $947.12 $0.00 $1,427.18 $254,786.47
165 $254,786.47 $947.12 $0.00 $1,440.60 $257,174.19
166 $257,174.19 $947.12 $0.00 $1,454.10 $259,575.41
167 $259,575.41 $947.12 $0.00 $1,467.68 $261,990.21
168 $261,990.21 $947.12 $0.00 $1,481.33 $264,418.66
169 $264,418.66 $947.12 $0.00 $1,495.06 $266,860.84
170 $266,860.84 $947.12 $0.00 $1,508.87 $269,316.83
171 $269,316.83 $947.12 $0.00 $1,522.76 $271,786.71
172 $271,786.71 $947.12 $0.00 $1,536.72 $274,270.55
173 $274,270.55 $947.12 $0.00 $1,550.77 $276,768.44
174 $276,768.44 $947.12 $0.00 $1,564.89 $279,280.45
175 $279,280.45 $947.12 $0.00 $1,579.09 $281,806.66
176 $281,806.66 $947.12 $0.00 $1,593.38 $284,347.16
177 $284,347.16 $947.12 $0.00 $1,607.74 $286,902.02
178 $286,902.02 $947.12 $0.00 $1,622.19 $289,471.33
179 $289,471.33 $947.12 $0.00 $1,636.71 $292,055.16
180 $292,055.16 $947.12 $0.00 $1,651.32 $294,653.60
181 $294,653.60 $947.12 $0.00 $1,666.01 $297,266.73
182 $297,266.73 $947.12 $0.00 $1,680.79 $299,894.64
183 $299,894.64 $947.12 $0.00 $1,695.65 $302,537.41
184 $302,537.41 $947.12 $0.00 $1,710.59 $305,195.12
185 $305,195.12 $947.12 $0.00 $1,725.62 $307,867.86
186 $307,867.86 $947.12 $0.00 $1,740.73 $310,555.71
187 $310,555.71 $947.12 $0.00 $1,755.93 $313,258.76
188 $313,258.76 $947.12 $0.00 $1,771.21 $315,977.09
189 $315,977.09 $947.12 $0.00 $1,786.58 $318,710.79
190 $318,710.79 $947.12 $0.00 $1,802.04 $321,459.95
191 $321,459.95 $947.12 $0.00 $1,817.58 $324,224.65
192 $324,224.65 $947.12 $0.00 $1,833.21 $327,004.98
193 $327,004.98 $947.12 $0.00 $1,848.93 $329,801.03
194 $329,801.03 $947.12 $0.00 $1,864.74 $332,612.89
195 $332,612.89 $947.12 $0.00 $1,880.64 $335,440.65
196 $335,440.65 $947.12 $0.00 $1,896.63 $338,284.40
197 $338,284.40 $947.12 $0.00 $1,912.71 $341,144.23
198 $341,144.23 $947.12 $0.00 $1,928.88 $344,020.23
199 $344,020.23 $947.12 $0.00 $1,945.14 $346,912.49
200 $346,912.49 $947.12 $0.00 $1,961.49 $349,821.10
201 $349,821.10 $947.12 $0.00 $1,977.94 $352,746.16
202 $352,746.16 $947.12 $0.00 $1,994.48 $355,687.76
203 $355,687.76 $947.12 $0.00 $2,011.11 $358,645.99
204 $358,645.99 $947.12 $0.00 $2,027.84 $361,620.95
205 $361,620.95 $947.12 $0.00 $2,044.66 $364,612.73
206 $364,612.73 $947.12 $0.00 $2,061.57 $367,621.42
207 $367,621.42 $947.12 $0.00 $2,078.58 $370,647.12
208 $370,647.12 $947.12 $0.00 $2,095.69 $373,689.93
209 $373,689.93 $947.12 $0.00 $2,112.90 $376,749.95
210 $376,749.95 $947.12 $0.00 $2,130.20 $379,827.27
211 $379,827.27 $947.12 $0.00 $2,147.60 $382,921.99
212 $382,921.99 $947.12 $0.00 $2,165.10 $386,034.21
213 $386,034.21 $947.12 $0.00 $2,182.69 $389,164.02
214 $389,164.02 $947.12 $0.00 $2,200.39 $392,311.53
215 $392,311.53 $947.12 $0.00 $2,218.19 $395,476.84
216 $395,476.84 $947.12 $0.00 $2,236.08 $398,660.04
217 $398,660.04 $947.12 $107,965.18 $2,254.08 $293,896.06
218 $293,896.06 $947.12 $0.00 $1,661.73 $296,504.91
219 $296,504.91 $947.12 $0.00 $1,676.48 $299,128.51
220 $299,128.51 $947.12 $0.00 $1,691.32 $301,766.95
221 $301,766.95 $947.12 $0.00 $1,706.23 $304,420.30
222 $304,420.30 $947.12 $0.00 $1,721.24 $307,088.66
223 $307,088.66 $947.12 $0.00 $1,736.32 $309,772.10
224 $309,772.10 $947.12 $0.00 $1,751.50 $312,470.72
225 $312,470.72 $947.12 $0.00 $1,766.75 $315,184.59
226 $315,184.59 $947.12 $0.00 $1,782.10 $317,913.81
227 $317,913.81 $947.12 $0.00 $1,797.53 $320,658.46
228 $320,658.46 $947.12 $0.00 $1,813.05 $323,418.63
229 $323,418.63 $947.12 $115,522.74 $1,828.66 $210,671.67
230 $210,671.67 $947.12 $0.00 $1,191.17 $212,809.96
231 $212,809.96 $947.12 $0.00 $1,203.26 $214,960.34
232 $214,960.34 $947.12 $0.00 $1,215.42 $217,122.88
233 $217,122.88 $947.12 $0.00 $1,227.64 $219,297.64
234 $219,297.64 $947.12 $0.00 $1,239.94 $221,484.70
235 $221,484.70 $947.12 $0.00 $1,252.31 $223,684.13
236 $223,684.13 $947.12 $0.00 $1,264.74 $225,895.99
237 $225,895.99 $947.12 $0.00 $1,277.25 $228,120.36
238 $228,120.36 $947.12 $0.00 $1,289.83 $230,357.31
239 $230,357.31 $947.12 $0.00 $1,302.47 $232,606.90
240 $232,606.90 $947.12 $0.00 $1,315.19 $234,869.21
241 $234,869.21 $947.12 $123,609.33 $1,327.98 $113,534.98
242 $113,534.98 $947.12 $0.00 $641.94 $115,124.04
243 $115,124.04 $947.12 $0.00 $650.93 $116,722.09
244 $116,722.09 $947.12 $0.00 $659.96 $118,329.17
245 $118,329.17 $947.12 $0.00 $669.05 $119,945.34
246 $119,945.34 $947.12 $0.00 $678.19 $121,570.65
247 $121,570.65 $947.12 $0.00 $687.38 $123,205.15
248 $123,205.15 $947.12 $0.00 $696.62 $124,848.89
249 $124,848.89 $947.12 $0.00 $705.91 $126,501.92
250 $126,501.92 $947.12 $0.00 $715.26 $128,164.30
251 $128,164.30 $947.12 $0.00 $724.66 $129,836.08
252 $129,836.08 $947.12 $0.00 $734.11 $131,517.31
253 $131,517.31 $0.00 $132,261.98 $743.62 -$1.05