Savings Plan and Future Cost Estimation for Columbia State 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$70,174
Monthly savings required$312

How much will it cost to send your child to Columbia State Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $140,348.98 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $311.77 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$20,060.00
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 $311.77 $0.00 $0.00 $311.77
2 $311.77 $311.77 $0.00 $1.76 $625.30
3 $625.30 $311.77 $0.00 $3.54 $940.61
4 $940.61 $311.77 $0.00 $5.32 $1,257.70
5 $1,257.70 $311.77 $0.00 $7.11 $1,576.58
6 $1,576.58 $311.77 $0.00 $8.91 $1,897.26
7 $1,897.26 $311.77 $0.00 $10.73 $2,219.76
8 $2,219.76 $311.77 $0.00 $12.55 $2,544.08
9 $2,544.08 $311.77 $0.00 $14.38 $2,870.23
10 $2,870.23 $311.77 $0.00 $16.23 $3,198.23
11 $3,198.23 $311.77 $0.00 $18.08 $3,528.08
12 $3,528.08 $311.77 $0.00 $19.95 $3,859.80
13 $3,859.80 $311.77 $0.00 $21.82 $4,193.39
14 $4,193.39 $311.77 $0.00 $23.71 $4,528.87
15 $4,528.87 $311.77 $0.00 $25.61 $4,866.25
16 $4,866.25 $311.77 $0.00 $27.51 $5,205.53
17 $5,205.53 $311.77 $0.00 $29.43 $5,546.73
18 $5,546.73 $311.77 $0.00 $31.36 $5,889.86
19 $5,889.86 $311.77 $0.00 $33.30 $6,234.93
20 $6,234.93 $311.77 $0.00 $35.25 $6,581.95
21 $6,581.95 $311.77 $0.00 $37.22 $6,930.94
22 $6,930.94 $311.77 $0.00 $39.19 $7,281.90
23 $7,281.90 $311.77 $0.00 $41.17 $7,634.84
24 $7,634.84 $311.77 $0.00 $43.17 $7,989.78
25 $7,989.78 $311.77 $0.00 $45.18 $8,346.73
26 $8,346.73 $311.77 $0.00 $47.19 $8,705.69
27 $8,705.69 $311.77 $0.00 $49.22 $9,066.68
28 $9,066.68 $311.77 $0.00 $51.26 $9,429.71
29 $9,429.71 $311.77 $0.00 $53.32 $9,794.80
30 $9,794.80 $311.77 $0.00 $55.38 $10,161.95
31 $10,161.95 $311.77 $0.00 $57.46 $10,531.18
32 $10,531.18 $311.77 $0.00 $59.54 $10,902.49
33 $10,902.49 $311.77 $0.00 $61.64 $11,275.90
34 $11,275.90 $311.77 $0.00 $63.76 $11,651.43
35 $11,651.43 $311.77 $0.00 $65.88 $12,029.08
36 $12,029.08 $311.77 $0.00 $68.01 $12,408.86
37 $12,408.86 $311.77 $0.00 $70.16 $12,790.79
38 $12,790.79 $311.77 $0.00 $72.32 $13,174.88
39 $13,174.88 $311.77 $0.00 $74.49 $13,561.14
40 $13,561.14 $311.77 $0.00 $76.68 $13,949.59
41 $13,949.59 $311.77 $0.00 $78.87 $14,340.23
42 $14,340.23 $311.77 $0.00 $81.08 $14,733.08
43 $14,733.08 $311.77 $0.00 $83.30 $15,128.15
44 $15,128.15 $311.77 $0.00 $85.54 $15,525.46
45 $15,525.46 $311.77 $0.00 $87.78 $15,925.01
46 $15,925.01 $311.77 $0.00 $90.04 $16,326.82
47 $16,326.82 $311.77 $0.00 $92.31 $16,730.90
48 $16,730.90 $311.77 $0.00 $94.60 $17,137.27
49 $17,137.27 $311.77 $0.00 $96.90 $17,545.94
50 $17,545.94 $311.77 $0.00 $99.21 $17,956.92
51 $17,956.92 $311.77 $0.00 $101.53 $18,370.22
52 $18,370.22 $311.77 $0.00 $103.87 $18,785.86
53 $18,785.86 $311.77 $0.00 $106.22 $19,203.85
54 $19,203.85 $311.77 $0.00 $108.58 $19,624.20
55 $19,624.20 $311.77 $0.00 $110.96 $20,046.93
56 $20,046.93 $311.77 $0.00 $113.35 $20,472.05
57 $20,472.05 $311.77 $0.00 $115.75 $20,899.57
58 $20,899.57 $311.77 $0.00 $118.17 $21,329.51
59 $21,329.51 $311.77 $0.00 $120.60 $21,761.88
60 $21,761.88 $311.77 $0.00 $123.04 $22,196.69
61 $22,196.69 $311.77 $0.00 $125.50 $22,633.96
62 $22,633.96 $311.77 $0.00 $127.98 $23,073.71
63 $23,073.71 $311.77 $0.00 $130.46 $23,515.94
64 $23,515.94 $311.77 $0.00 $132.96 $23,960.67
65 $23,960.67 $311.77 $0.00 $135.48 $24,407.92
66 $24,407.92 $311.77 $0.00 $138.01 $24,857.70
67 $24,857.70 $311.77 $0.00 $140.55 $25,310.02
68 $25,310.02 $311.77 $0.00 $143.11 $25,764.90
69 $25,764.90 $311.77 $0.00 $145.68 $26,222.35
70 $26,222.35 $311.77 $0.00 $148.26 $26,682.38
71 $26,682.38 $311.77 $0.00 $150.87 $27,145.02
72 $27,145.02 $311.77 $0.00 $153.48 $27,610.27
73 $27,610.27 $311.77 $0.00 $156.11 $28,078.15
74 $28,078.15 $311.77 $0.00 $158.76 $28,548.68
75 $28,548.68 $311.77 $0.00 $161.42 $29,021.87
76 $29,021.87 $311.77 $0.00 $164.09 $29,497.73
77 $29,497.73 $311.77 $0.00 $166.78 $29,976.28
78 $29,976.28 $311.77 $0.00 $169.49 $30,457.54
79 $30,457.54 $311.77 $0.00 $172.21 $30,941.52
80 $30,941.52 $311.77 $0.00 $174.95 $31,428.24
81 $31,428.24 $311.77 $0.00 $177.70 $31,917.71
82 $31,917.71 $311.77 $0.00 $180.47 $32,409.95
83 $32,409.95 $311.77 $0.00 $183.25 $32,904.97
84 $32,904.97 $311.77 $0.00 $186.05 $33,402.79
85 $33,402.79 $311.77 $0.00 $188.86 $33,903.42
86 $33,903.42 $311.77 $0.00 $191.69 $34,406.88
87 $34,406.88 $311.77 $0.00 $194.54 $34,913.19
88 $34,913.19 $311.77 $0.00 $197.40 $35,422.36
89 $35,422.36 $311.77 $0.00 $200.28 $35,934.41
90 $35,934.41 $311.77 $0.00 $203.18 $36,449.36
91 $36,449.36 $311.77 $0.00 $206.09 $36,967.22
92 $36,967.22 $311.77 $0.00 $209.02 $37,488.01
93 $37,488.01 $311.77 $0.00 $211.96 $38,011.74
94 $38,011.74 $311.77 $0.00 $214.92 $38,538.43
95 $38,538.43 $311.77 $0.00 $217.90 $39,068.10
96 $39,068.10 $311.77 $0.00 $220.90 $39,600.77
97 $39,600.77 $311.77 $0.00 $223.91 $40,136.45
98 $40,136.45 $311.77 $0.00 $226.94 $40,675.16
99 $40,675.16 $311.77 $0.00 $229.98 $41,216.91
100 $41,216.91 $311.77 $0.00 $233.05 $41,761.73
101 $41,761.73 $311.77 $0.00 $236.13 $42,309.63
102 $42,309.63 $311.77 $0.00 $239.22 $42,860.62
103 $42,860.62 $311.77 $0.00 $242.34 $43,414.73
104 $43,414.73 $311.77 $0.00 $245.47 $43,971.97
105 $43,971.97 $311.77 $0.00 $248.62 $44,532.36
106 $44,532.36 $311.77 $0.00 $251.79 $45,095.92
107 $45,095.92 $311.77 $0.00 $254.98 $45,662.67
108 $45,662.67 $311.77 $0.00 $258.18 $46,232.62
109 $46,232.62 $311.77 $0.00 $261.41 $46,805.80
110 $46,805.80 $311.77 $0.00 $264.65 $47,382.22
111 $47,382.22 $311.77 $0.00 $267.91 $47,961.90
112 $47,961.90 $311.77 $0.00 $271.18 $48,544.85
113 $48,544.85 $311.77 $0.00 $274.48 $49,131.10
114 $49,131.10 $311.77 $0.00 $277.79 $49,720.66
115 $49,720.66 $311.77 $0.00 $281.13 $50,313.56
116 $50,313.56 $311.77 $0.00 $284.48 $50,909.81
117 $50,909.81 $311.77 $0.00 $287.85 $51,509.43
118 $51,509.43 $311.77 $0.00 $291.24 $52,112.44
119 $52,112.44 $311.77 $0.00 $294.65 $52,718.86
120 $52,718.86 $311.77 $0.00 $298.08 $53,328.71
121 $53,328.71 $311.77 $0.00 $301.53 $53,942.01
122 $53,942.01 $311.77 $0.00 $305.00 $54,558.78
123 $54,558.78 $311.77 $0.00 $308.48 $55,179.03
124 $55,179.03 $311.77 $0.00 $311.99 $55,802.79
125 $55,802.79 $311.77 $0.00 $315.52 $56,430.08
126 $56,430.08 $311.77 $0.00 $319.06 $57,060.91
127 $57,060.91 $311.77 $0.00 $322.63 $57,695.31
128 $57,695.31 $311.77 $0.00 $326.22 $58,333.30
129 $58,333.30 $311.77 $0.00 $329.82 $58,974.89
130 $58,974.89 $311.77 $0.00 $333.45 $59,620.11
131 $59,620.11 $311.77 $0.00 $337.10 $60,268.98
132 $60,268.98 $311.77 $0.00 $340.77 $60,921.52
133 $60,921.52 $311.77 $0.00 $344.46 $61,577.75
134 $61,577.75 $311.77 $0.00 $348.17 $62,237.69
135 $62,237.69 $311.77 $0.00 $351.90 $62,901.36
136 $62,901.36 $311.77 $0.00 $355.65 $63,568.78
137 $63,568.78 $311.77 $0.00 $359.43 $64,239.98
138 $64,239.98 $311.77 $0.00 $363.22 $64,914.97
139 $64,914.97 $311.77 $0.00 $367.04 $65,593.78
140 $65,593.78 $311.77 $0.00 $370.88 $66,276.43
141 $66,276.43 $311.77 $0.00 $374.74 $66,962.94
142 $66,962.94 $311.77 $0.00 $378.62 $67,653.33
143 $67,653.33 $311.77 $0.00 $382.52 $68,347.62
144 $68,347.62 $311.77 $0.00 $386.45 $69,045.84
145 $69,045.84 $311.77 $0.00 $390.40 $69,748.01
146 $69,748.01 $311.77 $0.00 $394.37 $70,454.15
147 $70,454.15 $311.77 $0.00 $398.36 $71,164.28
148 $71,164.28 $311.77 $0.00 $402.37 $71,878.42
149 $71,878.42 $311.77 $0.00 $406.41 $72,596.60
150 $72,596.60 $311.77 $0.00 $410.47 $73,318.84
151 $73,318.84 $311.77 $0.00 $414.56 $74,045.17
152 $74,045.17 $311.77 $0.00 $418.66 $74,775.60
153 $74,775.60 $311.77 $0.00 $422.79 $75,510.16
154 $75,510.16 $311.77 $0.00 $426.95 $76,248.88
155 $76,248.88 $311.77 $0.00 $431.12 $76,991.77
156 $76,991.77 $311.77 $0.00 $435.32 $77,738.86
157 $77,738.86 $311.77 $0.00 $439.55 $78,490.18
158 $78,490.18 $311.77 $0.00 $443.79 $79,245.74
159 $79,245.74 $311.77 $0.00 $448.07 $80,005.58
160 $80,005.58 $311.77 $0.00 $452.36 $80,769.71
161 $80,769.71 $311.77 $0.00 $456.68 $81,538.16
162 $81,538.16 $311.77 $0.00 $461.03 $82,310.96
163 $82,310.96 $311.77 $0.00 $465.40 $83,088.13
164 $83,088.13 $311.77 $0.00 $469.79 $83,869.69
165 $83,869.69 $311.77 $0.00 $474.21 $84,655.67
166 $84,655.67 $311.77 $0.00 $478.66 $85,446.10
167 $85,446.10 $311.77 $0.00 $483.12 $86,240.99
168 $86,240.99 $311.77 $0.00 $487.62 $87,040.38
169 $87,040.38 $311.77 $0.00 $492.14 $87,844.29
170 $87,844.29 $311.77 $0.00 $496.68 $88,652.74
171 $88,652.74 $311.77 $0.00 $501.26 $89,465.77
172 $89,465.77 $311.77 $0.00 $505.85 $90,283.39
173 $90,283.39 $311.77 $0.00 $510.48 $91,105.64
174 $91,105.64 $311.77 $0.00 $515.12 $91,932.53
175 $91,932.53 $311.77 $0.00 $519.80 $92,764.10
176 $92,764.10 $311.77 $0.00 $524.50 $93,600.37
177 $93,600.37 $311.77 $0.00 $529.23 $94,441.37
178 $94,441.37 $311.77 $0.00 $533.99 $95,287.13
179 $95,287.13 $311.77 $0.00 $538.77 $96,137.67
180 $96,137.67 $311.77 $0.00 $543.58 $96,993.02
181 $96,993.02 $311.77 $0.00 $548.41 $97,853.20
182 $97,853.20 $311.77 $0.00 $553.28 $98,718.25
183 $98,718.25 $311.77 $0.00 $558.17 $99,588.19
184 $99,588.19 $311.77 $0.00 $563.09 $100,463.05
185 $100,463.05 $311.77 $0.00 $568.03 $101,342.85
186 $101,342.85 $311.77 $0.00 $573.01 $102,227.63
187 $102,227.63 $311.77 $0.00 $578.01 $103,117.41
188 $103,117.41 $311.77 $0.00 $583.04 $104,012.22
189 $104,012.22 $311.77 $0.00 $588.10 $104,912.09
190 $104,912.09 $311.77 $0.00 $593.19 $105,817.05
191 $105,817.05 $311.77 $0.00 $598.30 $106,727.12
192 $106,727.12 $311.77 $0.00 $603.45 $107,642.34
193 $107,642.34 $311.77 $0.00 $608.63 $108,562.74
194 $108,562.74 $311.77 $0.00 $613.83 $109,488.34
195 $109,488.34 $311.77 $0.00 $619.06 $110,419.17
196 $110,419.17 $311.77 $0.00 $624.33 $111,355.27
197 $111,355.27 $311.77 $0.00 $629.62 $112,296.66
198 $112,296.66 $311.77 $0.00 $634.94 $113,243.37
199 $113,243.37 $311.77 $0.00 $640.29 $114,195.43
200 $114,195.43 $311.77 $0.00 $645.68 $115,152.88
201 $115,152.88 $311.77 $0.00 $651.09 $116,115.74
202 $116,115.74 $311.77 $0.00 $656.54 $117,084.05
203 $117,084.05 $311.77 $0.00 $662.01 $118,057.83
204 $118,057.83 $311.77 $0.00 $667.52 $119,037.12
205 $119,037.12 $311.77 $0.00 $673.05 $120,021.94
206 $120,021.94 $311.77 $0.00 $678.62 $121,012.33
207 $121,012.33 $311.77 $0.00 $684.22 $122,008.32
208 $122,008.32 $311.77 $0.00 $689.85 $123,009.94
209 $123,009.94 $311.77 $0.00 $695.52 $124,017.23
210 $124,017.23 $311.77 $0.00 $701.21 $125,030.21
211 $125,030.21 $311.77 $0.00 $706.94 $126,048.92
212 $126,048.92 $311.77 $0.00 $712.70 $127,073.39
213 $127,073.39 $311.77 $0.00 $718.49 $128,103.65
214 $128,103.65 $311.77 $0.00 $724.32 $129,139.74
215 $129,139.74 $311.77 $0.00 $730.17 $130,181.68
216 $130,181.68 $311.77 $0.00 $736.07 $131,229.52
217 $131,229.52 $311.77 $67,801.44 $741.99 $64,481.84
218 $64,481.84 $311.77 $0.00 $364.59 $65,158.20
219 $65,158.20 $311.77 $0.00 $368.41 $65,838.38
220 $65,838.38 $311.77 $0.00 $372.26 $66,522.41
221 $66,522.41 $311.77 $0.00 $376.13 $67,210.31
222 $67,210.31 $311.77 $0.00 $380.02 $67,902.10
223 $67,902.10 $311.77 $0.00 $383.93 $68,597.80
224 $68,597.80 $311.77 $0.00 $387.86 $69,297.43
225 $69,297.43 $311.77 $0.00 $391.82 $70,001.02
226 $70,001.02 $311.77 $0.00 $395.80 $70,708.59
227 $70,708.59 $311.77 $0.00 $399.80 $71,420.16
228 $71,420.16 $311.77 $0.00 $403.82 $72,135.75
229 $72,135.75 $0.00 $72,547.54 $407.87 -$3.92