Savings Plan and Future Cost Estimation for Laredo 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$63,734
Monthly savings required$283

How much will it cost to send your child to Laredo Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $127,468.50 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $283.16 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$18,219.00
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 $283.16 $0.00 $0.00 $283.16
2 $283.16 $283.16 $0.00 $1.60 $567.92
3 $567.92 $283.16 $0.00 $3.21 $854.29
4 $854.29 $283.16 $0.00 $4.83 $1,142.28
5 $1,142.28 $283.16 $0.00 $6.46 $1,431.90
6 $1,431.90 $283.16 $0.00 $8.10 $1,723.16
7 $1,723.16 $283.16 $0.00 $9.74 $2,016.06
8 $2,016.06 $283.16 $0.00 $11.40 $2,310.62
9 $2,310.62 $283.16 $0.00 $13.06 $2,606.84
10 $2,606.84 $283.16 $0.00 $14.74 $2,904.74
11 $2,904.74 $283.16 $0.00 $16.42 $3,204.32
12 $3,204.32 $283.16 $0.00 $18.12 $3,505.60
13 $3,505.60 $283.16 $0.00 $19.82 $3,808.58
14 $3,808.58 $283.16 $0.00 $21.53 $4,113.27
15 $4,113.27 $283.16 $0.00 $23.26 $4,419.69
16 $4,419.69 $283.16 $0.00 $24.99 $4,727.84
17 $4,727.84 $283.16 $0.00 $26.73 $5,037.73
18 $5,037.73 $283.16 $0.00 $28.48 $5,349.37
19 $5,349.37 $283.16 $0.00 $30.25 $5,662.78
20 $5,662.78 $283.16 $0.00 $32.02 $5,977.96
21 $5,977.96 $283.16 $0.00 $33.80 $6,294.92
22 $6,294.92 $283.16 $0.00 $35.59 $6,613.67
23 $6,613.67 $283.16 $0.00 $37.39 $6,934.22
24 $6,934.22 $283.16 $0.00 $39.21 $7,256.59
25 $7,256.59 $283.16 $0.00 $41.03 $7,580.78
26 $7,580.78 $283.16 $0.00 $42.86 $7,906.80
27 $7,906.80 $283.16 $0.00 $44.71 $8,234.67
28 $8,234.67 $283.16 $0.00 $46.56 $8,564.39
29 $8,564.39 $283.16 $0.00 $48.42 $8,895.97
30 $8,895.97 $283.16 $0.00 $50.30 $9,229.43
31 $9,229.43 $283.16 $0.00 $52.18 $9,564.77
32 $9,564.77 $283.16 $0.00 $54.08 $9,902.01
33 $9,902.01 $283.16 $0.00 $55.99 $10,241.16
34 $10,241.16 $283.16 $0.00 $57.91 $10,582.23
35 $10,582.23 $283.16 $0.00 $59.83 $10,925.22
36 $10,925.22 $283.16 $0.00 $61.77 $11,270.15
37 $11,270.15 $283.16 $0.00 $63.72 $11,617.03
38 $11,617.03 $283.16 $0.00 $65.68 $11,965.87
39 $11,965.87 $283.16 $0.00 $67.66 $12,316.69
40 $12,316.69 $283.16 $0.00 $69.64 $12,669.49
41 $12,669.49 $283.16 $0.00 $71.64 $13,024.29
42 $13,024.29 $283.16 $0.00 $73.64 $13,381.09
43 $13,381.09 $283.16 $0.00 $75.66 $13,739.91
44 $13,739.91 $283.16 $0.00 $77.69 $14,100.76
45 $14,100.76 $283.16 $0.00 $79.73 $14,463.65
46 $14,463.65 $283.16 $0.00 $81.78 $14,828.59
47 $14,828.59 $283.16 $0.00 $83.84 $15,195.59
48 $15,195.59 $283.16 $0.00 $85.92 $15,564.67
49 $15,564.67 $283.16 $0.00 $88.00 $15,935.83
50 $15,935.83 $283.16 $0.00 $90.10 $16,309.09
51 $16,309.09 $283.16 $0.00 $92.21 $16,684.46
52 $16,684.46 $283.16 $0.00 $94.34 $17,061.96
53 $17,061.96 $283.16 $0.00 $96.47 $17,441.59
54 $17,441.59 $283.16 $0.00 $98.62 $17,823.37
55 $17,823.37 $283.16 $0.00 $100.78 $18,207.31
56 $18,207.31 $283.16 $0.00 $102.95 $18,593.42
57 $18,593.42 $283.16 $0.00 $105.13 $18,981.71
58 $18,981.71 $283.16 $0.00 $107.33 $19,372.20
59 $19,372.20 $283.16 $0.00 $109.53 $19,764.89
60 $19,764.89 $283.16 $0.00 $111.75 $20,159.80
61 $20,159.80 $283.16 $0.00 $113.99 $20,556.95
62 $20,556.95 $283.16 $0.00 $116.23 $20,956.34
63 $20,956.34 $283.16 $0.00 $118.49 $21,357.99
64 $21,357.99 $283.16 $0.00 $120.76 $21,761.91
65 $21,761.91 $283.16 $0.00 $123.05 $22,168.12
66 $22,168.12 $283.16 $0.00 $125.34 $22,576.62
67 $22,576.62 $283.16 $0.00 $127.65 $22,987.43
68 $22,987.43 $283.16 $0.00 $129.97 $23,400.56
69 $23,400.56 $283.16 $0.00 $132.31 $23,816.03
70 $23,816.03 $283.16 $0.00 $134.66 $24,233.85
71 $24,233.85 $283.16 $0.00 $137.02 $24,654.03
72 $24,654.03 $283.16 $0.00 $139.40 $25,076.59
73 $25,076.59 $283.16 $0.00 $141.79 $25,501.54
74 $25,501.54 $283.16 $0.00 $144.19 $25,928.89
75 $25,928.89 $283.16 $0.00 $146.61 $26,358.66
76 $26,358.66 $283.16 $0.00 $149.04 $26,790.86
77 $26,790.86 $283.16 $0.00 $151.48 $27,225.50
78 $27,225.50 $283.16 $0.00 $153.94 $27,662.60
79 $27,662.60 $283.16 $0.00 $156.41 $28,102.17
80 $28,102.17 $283.16 $0.00 $158.89 $28,544.22
81 $28,544.22 $283.16 $0.00 $161.39 $28,988.77
82 $28,988.77 $283.16 $0.00 $163.91 $29,435.84
83 $29,435.84 $283.16 $0.00 $166.43 $29,885.43
84 $29,885.43 $283.16 $0.00 $168.98 $30,337.57
85 $30,337.57 $283.16 $0.00 $171.53 $30,792.26
86 $30,792.26 $283.16 $0.00 $174.10 $31,249.52
87 $31,249.52 $283.16 $0.00 $176.69 $31,709.37
88 $31,709.37 $283.16 $0.00 $179.29 $32,171.82
89 $32,171.82 $283.16 $0.00 $181.90 $32,636.88
90 $32,636.88 $283.16 $0.00 $184.53 $33,104.57
91 $33,104.57 $283.16 $0.00 $187.18 $33,574.91
92 $33,574.91 $283.16 $0.00 $189.84 $34,047.91
93 $34,047.91 $283.16 $0.00 $192.51 $34,523.58
94 $34,523.58 $283.16 $0.00 $195.20 $35,001.94
95 $35,001.94 $283.16 $0.00 $197.91 $35,483.01
96 $35,483.01 $283.16 $0.00 $200.63 $35,966.80
97 $35,966.80 $283.16 $0.00 $203.36 $36,453.32
98 $36,453.32 $283.16 $0.00 $206.11 $36,942.59
99 $36,942.59 $283.16 $0.00 $208.88 $37,434.63
100 $37,434.63 $283.16 $0.00 $211.66 $37,929.45
101 $37,929.45 $283.16 $0.00 $214.46 $38,427.07
102 $38,427.07 $283.16 $0.00 $217.27 $38,927.50
103 $38,927.50 $283.16 $0.00 $220.10 $39,430.76
104 $39,430.76 $283.16 $0.00 $222.95 $39,936.87
105 $39,936.87 $283.16 $0.00 $225.81 $40,445.84
106 $40,445.84 $283.16 $0.00 $228.69 $40,957.69
107 $40,957.69 $283.16 $0.00 $231.58 $41,472.43
108 $41,472.43 $283.16 $0.00 $234.49 $41,990.08
109 $41,990.08 $283.16 $0.00 $237.42 $42,510.66
110 $42,510.66 $283.16 $0.00 $240.36 $43,034.18
111 $43,034.18 $283.16 $0.00 $243.32 $43,560.66
112 $43,560.66 $283.16 $0.00 $246.30 $44,090.12
113 $44,090.12 $283.16 $0.00 $249.29 $44,622.57
114 $44,622.57 $283.16 $0.00 $252.30 $45,158.03
115 $45,158.03 $283.16 $0.00 $255.33 $45,696.52
116 $45,696.52 $283.16 $0.00 $258.37 $46,238.05
117 $46,238.05 $283.16 $0.00 $261.44 $46,782.65
118 $46,782.65 $283.16 $0.00 $264.52 $47,330.33
119 $47,330.33 $283.16 $0.00 $267.61 $47,881.10
120 $47,881.10 $283.16 $0.00 $270.73 $48,434.99
121 $48,434.99 $283.16 $0.00 $273.86 $48,992.01
122 $48,992.01 $283.16 $0.00 $277.01 $49,552.18
123 $49,552.18 $283.16 $0.00 $280.18 $50,115.52
124 $50,115.52 $283.16 $0.00 $283.36 $50,682.04
125 $50,682.04 $283.16 $0.00 $286.56 $51,251.76
126 $51,251.76 $283.16 $0.00 $289.78 $51,824.70
127 $51,824.70 $283.16 $0.00 $293.02 $52,400.88
128 $52,400.88 $283.16 $0.00 $296.28 $52,980.32
129 $52,980.32 $283.16 $0.00 $299.56 $53,563.04
130 $53,563.04 $283.16 $0.00 $302.85 $54,149.05
131 $54,149.05 $283.16 $0.00 $306.17 $54,738.38
132 $54,738.38 $283.16 $0.00 $309.50 $55,331.04
133 $55,331.04 $283.16 $0.00 $312.85 $55,927.05
134 $55,927.05 $283.16 $0.00 $316.22 $56,526.43
135 $56,526.43 $283.16 $0.00 $319.61 $57,129.20
136 $57,129.20 $283.16 $0.00 $323.02 $57,735.38
137 $57,735.38 $283.16 $0.00 $326.44 $58,344.98
138 $58,344.98 $283.16 $0.00 $329.89 $58,958.03
139 $58,958.03 $283.16 $0.00 $333.36 $59,574.55
140 $59,574.55 $283.16 $0.00 $336.84 $60,194.55
141 $60,194.55 $283.16 $0.00 $340.35 $60,818.06
142 $60,818.06 $283.16 $0.00 $343.87 $61,445.09
143 $61,445.09 $283.16 $0.00 $347.42 $62,075.67
144 $62,075.67 $283.16 $0.00 $350.98 $62,709.81
145 $62,709.81 $283.16 $0.00 $354.57 $63,347.54
146 $63,347.54 $283.16 $0.00 $358.18 $63,988.88
147 $63,988.88 $283.16 $0.00 $361.80 $64,633.84
148 $64,633.84 $283.16 $0.00 $365.45 $65,282.45
149 $65,282.45 $283.16 $0.00 $369.12 $65,934.73
150 $65,934.73 $283.16 $0.00 $372.80 $66,590.69
151 $66,590.69 $283.16 $0.00 $376.51 $67,250.36
152 $67,250.36 $283.16 $0.00 $380.24 $67,913.76
153 $67,913.76 $283.16 $0.00 $383.99 $68,580.91
154 $68,580.91 $283.16 $0.00 $387.77 $69,251.84
155 $69,251.84 $283.16 $0.00 $391.56 $69,926.56
156 $69,926.56 $283.16 $0.00 $395.37 $70,605.09
157 $70,605.09 $283.16 $0.00 $399.21 $71,287.46
158 $71,287.46 $283.16 $0.00 $403.07 $71,973.69
159 $71,973.69 $283.16 $0.00 $406.95 $72,663.80
160 $72,663.80 $283.16 $0.00 $410.85 $73,357.81
161 $73,357.81 $283.16 $0.00 $414.78 $74,055.75
162 $74,055.75 $283.16 $0.00 $418.72 $74,757.63
163 $74,757.63 $283.16 $0.00 $422.69 $75,463.48
164 $75,463.48 $283.16 $0.00 $426.68 $76,173.32
165 $76,173.32 $283.16 $0.00 $430.70 $76,887.18
166 $76,887.18 $283.16 $0.00 $434.73 $77,605.07
167 $77,605.07 $283.16 $0.00 $438.79 $78,327.02
168 $78,327.02 $283.16 $0.00 $442.87 $79,053.05
169 $79,053.05 $283.16 $0.00 $446.98 $79,783.19
170 $79,783.19 $283.16 $0.00 $451.11 $80,517.46
171 $80,517.46 $283.16 $0.00 $455.26 $81,255.88
172 $81,255.88 $283.16 $0.00 $459.43 $81,998.47
173 $81,998.47 $283.16 $0.00 $463.63 $82,745.26
174 $82,745.26 $283.16 $0.00 $467.85 $83,496.27
175 $83,496.27 $283.16 $0.00 $472.10 $84,251.53
176 $84,251.53 $283.16 $0.00 $476.37 $85,011.06
177 $85,011.06 $283.16 $0.00 $480.66 $85,774.88
178 $85,774.88 $283.16 $0.00 $484.98 $86,543.02
179 $86,543.02 $283.16 $0.00 $489.33 $87,315.51
180 $87,315.51 $283.16 $0.00 $493.69 $88,092.36
181 $88,092.36 $283.16 $0.00 $498.09 $88,873.61
182 $88,873.61 $283.16 $0.00 $502.50 $89,659.27
183 $89,659.27 $283.16 $0.00 $506.95 $90,449.38
184 $90,449.38 $283.16 $0.00 $511.41 $91,243.95
185 $91,243.95 $283.16 $0.00 $515.91 $92,043.02
186 $92,043.02 $283.16 $0.00 $520.42 $92,846.60
187 $92,846.60 $283.16 $0.00 $524.97 $93,654.73
188 $93,654.73 $283.16 $0.00 $529.54 $94,467.43
189 $94,467.43 $283.16 $0.00 $534.13 $95,284.72
190 $95,284.72 $283.16 $0.00 $538.75 $96,106.63
191 $96,106.63 $283.16 $0.00 $543.40 $96,933.19
192 $96,933.19 $283.16 $0.00 $548.07 $97,764.42
193 $97,764.42 $283.16 $0.00 $552.77 $98,600.35
194 $98,600.35 $283.16 $0.00 $557.50 $99,441.01
195 $99,441.01 $283.16 $0.00 $562.25 $100,286.42
196 $100,286.42 $283.16 $0.00 $567.03 $101,136.61
197 $101,136.61 $283.16 $0.00 $571.84 $101,991.61
198 $101,991.61 $283.16 $0.00 $576.68 $102,851.45
199 $102,851.45 $283.16 $0.00 $581.54 $103,716.15
200 $103,716.15 $283.16 $0.00 $586.43 $104,585.74
201 $104,585.74 $283.16 $0.00 $591.34 $105,460.24
202 $105,460.24 $283.16 $0.00 $596.29 $106,339.69
203 $106,339.69 $283.16 $0.00 $601.26 $107,224.11
204 $107,224.11 $283.16 $0.00 $606.26 $108,113.53
205 $108,113.53 $283.16 $0.00 $611.29 $109,007.98
206 $109,007.98 $283.16 $0.00 $616.35 $109,907.49
207 $109,907.49 $283.16 $0.00 $621.43 $110,812.08
208 $110,812.08 $283.16 $0.00 $626.55 $111,721.79
209 $111,721.79 $283.16 $0.00 $631.69 $112,636.64
210 $112,636.64 $283.16 $0.00 $636.86 $113,556.66
211 $113,556.66 $283.16 $0.00 $642.07 $114,481.89
212 $114,481.89 $283.16 $0.00 $647.30 $115,412.35
213 $115,412.35 $283.16 $0.00 $652.56 $116,348.07
214 $116,348.07 $283.16 $0.00 $657.85 $117,289.08
215 $117,289.08 $283.16 $0.00 $663.17 $118,235.41
216 $118,235.41 $283.16 $0.00 $668.52 $119,187.09
217 $119,187.09 $283.16 $61,578.99 $673.90 $58,565.16
218 $58,565.16 $283.16 $0.00 $331.14 $59,179.46
219 $59,179.46 $283.16 $0.00 $334.61 $59,797.23
220 $59,797.23 $283.16 $0.00 $338.10 $60,418.49
221 $60,418.49 $283.16 $0.00 $341.61 $61,043.26
222 $61,043.26 $283.16 $0.00 $345.15 $61,671.57
223 $61,671.57 $283.16 $0.00 $348.70 $62,303.43
224 $62,303.43 $283.16 $0.00 $352.27 $62,938.86
225 $62,938.86 $283.16 $0.00 $355.87 $63,577.89
226 $63,577.89 $283.16 $0.00 $359.48 $64,220.53
227 $64,220.53 $283.16 $0.00 $363.11 $64,866.80
228 $64,866.80 $283.16 $0.00 $366.77 $65,516.73
229 $65,516.73 $0.00 $65,889.52 $370.44 -$2.35