Savings Plan and Future Cost Estimation for Southwest Texas Junior College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$62,192
Monthly savings required$276

How much will it cost to send your child to Southwest Texas Junior College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $124,383.06 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $276.31 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$17,778.00
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 $276.31 $0.00 $0.00 $276.31
2 $276.31 $276.31 $0.00 $1.56 $554.18
3 $554.18 $276.31 $0.00 $3.13 $833.62
4 $833.62 $276.31 $0.00 $4.71 $1,114.64
5 $1,114.64 $276.31 $0.00 $6.30 $1,397.25
6 $1,397.25 $276.31 $0.00 $7.90 $1,681.46
7 $1,681.46 $276.31 $0.00 $9.51 $1,967.28
8 $1,967.28 $276.31 $0.00 $11.12 $2,254.71
9 $2,254.71 $276.31 $0.00 $12.75 $2,543.77
10 $2,543.77 $276.31 $0.00 $14.38 $2,834.46
11 $2,834.46 $276.31 $0.00 $16.03 $3,126.80
12 $3,126.80 $276.31 $0.00 $17.68 $3,420.79
13 $3,420.79 $276.31 $0.00 $19.34 $3,716.44
14 $3,716.44 $276.31 $0.00 $21.01 $4,013.76
15 $4,013.76 $276.31 $0.00 $22.69 $4,312.76
16 $4,312.76 $276.31 $0.00 $24.38 $4,613.45
17 $4,613.45 $276.31 $0.00 $26.09 $4,915.85
18 $4,915.85 $276.31 $0.00 $27.79 $5,219.95
19 $5,219.95 $276.31 $0.00 $29.51 $5,525.77
20 $5,525.77 $276.31 $0.00 $31.24 $5,833.32
21 $5,833.32 $276.31 $0.00 $32.98 $6,142.61
22 $6,142.61 $276.31 $0.00 $34.73 $6,453.65
23 $6,453.65 $276.31 $0.00 $36.49 $6,766.45
24 $6,766.45 $276.31 $0.00 $38.26 $7,081.02
25 $7,081.02 $276.31 $0.00 $40.04 $7,397.37
26 $7,397.37 $276.31 $0.00 $41.83 $7,715.51
27 $7,715.51 $276.31 $0.00 $43.62 $8,035.44
28 $8,035.44 $276.31 $0.00 $45.43 $8,357.18
29 $8,357.18 $276.31 $0.00 $47.25 $8,680.74
30 $8,680.74 $276.31 $0.00 $49.08 $9,006.13
31 $9,006.13 $276.31 $0.00 $50.92 $9,333.36
32 $9,333.36 $276.31 $0.00 $52.77 $9,662.44
33 $9,662.44 $276.31 $0.00 $54.63 $9,993.38
34 $9,993.38 $276.31 $0.00 $56.50 $10,326.19
35 $10,326.19 $276.31 $0.00 $58.39 $10,660.89
36 $10,660.89 $276.31 $0.00 $60.28 $10,997.48
37 $10,997.48 $276.31 $0.00 $62.18 $11,335.97
38 $11,335.97 $276.31 $0.00 $64.10 $11,676.38
39 $11,676.38 $276.31 $0.00 $66.02 $12,018.71
40 $12,018.71 $276.31 $0.00 $67.96 $12,362.98
41 $12,362.98 $276.31 $0.00 $69.90 $12,709.19
42 $12,709.19 $276.31 $0.00 $71.86 $13,057.36
43 $13,057.36 $276.31 $0.00 $73.83 $13,407.50
44 $13,407.50 $276.31 $0.00 $75.81 $13,759.62
45 $13,759.62 $276.31 $0.00 $77.80 $14,113.73
46 $14,113.73 $276.31 $0.00 $79.80 $14,469.84
47 $14,469.84 $276.31 $0.00 $81.81 $14,827.96
48 $14,827.96 $276.31 $0.00 $83.84 $15,188.11
49 $15,188.11 $276.31 $0.00 $85.88 $15,550.30
50 $15,550.30 $276.31 $0.00 $87.92 $15,914.53
51 $15,914.53 $276.31 $0.00 $89.98 $16,280.82
52 $16,280.82 $276.31 $0.00 $92.05 $16,649.18
53 $16,649.18 $276.31 $0.00 $94.14 $17,019.63
54 $17,019.63 $276.31 $0.00 $96.23 $17,392.17
55 $17,392.17 $276.31 $0.00 $98.34 $17,766.82
56 $17,766.82 $276.31 $0.00 $100.46 $18,143.59
57 $18,143.59 $276.31 $0.00 $102.59 $18,522.49
58 $18,522.49 $276.31 $0.00 $104.73 $18,903.53
59 $18,903.53 $276.31 $0.00 $106.88 $19,286.72
60 $19,286.72 $276.31 $0.00 $109.05 $19,672.08
61 $19,672.08 $276.31 $0.00 $111.23 $20,059.62
62 $20,059.62 $276.31 $0.00 $113.42 $20,449.35
63 $20,449.35 $276.31 $0.00 $115.62 $20,841.28
64 $20,841.28 $276.31 $0.00 $117.84 $21,235.43
65 $21,235.43 $276.31 $0.00 $120.07 $21,631.81
66 $21,631.81 $276.31 $0.00 $122.31 $22,030.43
67 $22,030.43 $276.31 $0.00 $124.56 $22,431.30
68 $22,431.30 $276.31 $0.00 $126.83 $22,834.44
69 $22,834.44 $276.31 $0.00 $129.11 $23,239.86
70 $23,239.86 $276.31 $0.00 $131.40 $23,647.57
71 $23,647.57 $276.31 $0.00 $133.71 $24,057.59
72 $24,057.59 $276.31 $0.00 $136.03 $24,469.93
73 $24,469.93 $276.31 $0.00 $138.36 $24,884.60
74 $24,884.60 $276.31 $0.00 $140.70 $25,301.61
75 $25,301.61 $276.31 $0.00 $143.06 $25,720.98
76 $25,720.98 $276.31 $0.00 $145.43 $26,142.72
77 $26,142.72 $276.31 $0.00 $147.81 $26,566.84
78 $26,566.84 $276.31 $0.00 $150.21 $26,993.36
79 $26,993.36 $276.31 $0.00 $152.62 $27,422.29
80 $27,422.29 $276.31 $0.00 $155.05 $27,853.65
81 $27,853.65 $276.31 $0.00 $157.49 $28,287.45
82 $28,287.45 $276.31 $0.00 $159.94 $28,723.70
83 $28,723.70 $276.31 $0.00 $162.41 $29,162.42
84 $29,162.42 $276.31 $0.00 $164.89 $29,603.62
85 $29,603.62 $276.31 $0.00 $167.38 $30,047.31
86 $30,047.31 $276.31 $0.00 $169.89 $30,493.51
87 $30,493.51 $276.31 $0.00 $172.41 $30,942.23
88 $30,942.23 $276.31 $0.00 $174.95 $31,393.49
89 $31,393.49 $276.31 $0.00 $177.50 $31,847.30
90 $31,847.30 $276.31 $0.00 $180.07 $32,303.68
91 $32,303.68 $276.31 $0.00 $182.65 $32,762.64
92 $32,762.64 $276.31 $0.00 $185.24 $33,224.19
93 $33,224.19 $276.31 $0.00 $187.85 $33,688.35
94 $33,688.35 $276.31 $0.00 $190.48 $34,155.14
95 $34,155.14 $276.31 $0.00 $193.12 $34,624.57
96 $34,624.57 $276.31 $0.00 $195.77 $35,096.65
97 $35,096.65 $276.31 $0.00 $198.44 $35,571.40
98 $35,571.40 $276.31 $0.00 $201.13 $36,048.84
99 $36,048.84 $276.31 $0.00 $203.83 $36,528.98
100 $36,528.98 $276.31 $0.00 $206.54 $37,011.83
101 $37,011.83 $276.31 $0.00 $209.27 $37,497.41
102 $37,497.41 $276.31 $0.00 $212.02 $37,985.74
103 $37,985.74 $276.31 $0.00 $214.78 $38,476.83
104 $38,476.83 $276.31 $0.00 $217.55 $38,970.69
105 $38,970.69 $276.31 $0.00 $220.35 $39,467.35
106 $39,467.35 $276.31 $0.00 $223.15 $39,966.81
107 $39,966.81 $276.31 $0.00 $225.98 $40,469.10
108 $40,469.10 $276.31 $0.00 $228.82 $40,974.23
109 $40,974.23 $276.31 $0.00 $231.67 $41,482.21
110 $41,482.21 $276.31 $0.00 $234.55 $41,993.07
111 $41,993.07 $276.31 $0.00 $237.43 $42,506.81
112 $42,506.81 $276.31 $0.00 $240.34 $43,023.46
113 $43,023.46 $276.31 $0.00 $243.26 $43,543.03
114 $43,543.03 $276.31 $0.00 $246.20 $44,065.54
115 $44,065.54 $276.31 $0.00 $249.15 $44,591.00
116 $44,591.00 $276.31 $0.00 $252.12 $45,119.43
117 $45,119.43 $276.31 $0.00 $255.11 $45,650.85
118 $45,650.85 $276.31 $0.00 $258.12 $46,185.28
119 $46,185.28 $276.31 $0.00 $261.14 $46,722.73
120 $46,722.73 $276.31 $0.00 $264.18 $47,263.22
121 $47,263.22 $276.31 $0.00 $267.23 $47,806.76
122 $47,806.76 $276.31 $0.00 $270.31 $48,353.38
123 $48,353.38 $276.31 $0.00 $273.40 $48,903.09
124 $48,903.09 $276.31 $0.00 $276.51 $49,455.91
125 $49,455.91 $276.31 $0.00 $279.63 $50,011.85
126 $50,011.85 $276.31 $0.00 $282.77 $50,570.93
127 $50,570.93 $276.31 $0.00 $285.94 $51,133.18
128 $51,133.18 $276.31 $0.00 $289.11 $51,698.60
129 $51,698.60 $276.31 $0.00 $292.31 $52,267.22
130 $52,267.22 $276.31 $0.00 $295.53 $52,839.06
131 $52,839.06 $276.31 $0.00 $298.76 $53,414.13
132 $53,414.13 $276.31 $0.00 $302.01 $53,992.45
133 $53,992.45 $276.31 $0.00 $305.28 $54,574.04
134 $54,574.04 $276.31 $0.00 $308.57 $55,158.92
135 $55,158.92 $276.31 $0.00 $311.88 $55,747.11
136 $55,747.11 $276.31 $0.00 $315.20 $56,338.62
137 $56,338.62 $276.31 $0.00 $318.55 $56,933.48
138 $56,933.48 $276.31 $0.00 $321.91 $57,531.70
139 $57,531.70 $276.31 $0.00 $325.29 $58,133.30
140 $58,133.30 $276.31 $0.00 $328.69 $58,738.30
141 $58,738.30 $276.31 $0.00 $332.11 $59,346.72
142 $59,346.72 $276.31 $0.00 $335.55 $59,958.58
143 $59,958.58 $276.31 $0.00 $339.01 $60,573.90
144 $60,573.90 $276.31 $0.00 $342.49 $61,192.70
145 $61,192.70 $276.31 $0.00 $345.99 $61,815.00
146 $61,815.00 $276.31 $0.00 $349.51 $62,440.82
147 $62,440.82 $276.31 $0.00 $353.05 $63,070.18
148 $63,070.18 $276.31 $0.00 $356.61 $63,703.10
149 $63,703.10 $276.31 $0.00 $360.19 $64,339.60
150 $64,339.60 $276.31 $0.00 $363.79 $64,979.70
151 $64,979.70 $276.31 $0.00 $367.40 $65,623.41
152 $65,623.41 $276.31 $0.00 $371.04 $66,270.76
153 $66,270.76 $276.31 $0.00 $374.70 $66,921.77
154 $66,921.77 $276.31 $0.00 $378.39 $67,576.47
155 $67,576.47 $276.31 $0.00 $382.09 $68,234.87
156 $68,234.87 $276.31 $0.00 $385.81 $68,896.99
157 $68,896.99 $276.31 $0.00 $389.55 $69,562.85
158 $69,562.85 $276.31 $0.00 $393.32 $70,232.48
159 $70,232.48 $276.31 $0.00 $397.10 $70,905.89
160 $70,905.89 $276.31 $0.00 $400.91 $71,583.11
161 $71,583.11 $276.31 $0.00 $404.74 $72,264.16
162 $72,264.16 $276.31 $0.00 $408.59 $72,949.06
163 $72,949.06 $276.31 $0.00 $412.46 $73,637.83
164 $73,637.83 $276.31 $0.00 $416.36 $74,330.50
165 $74,330.50 $276.31 $0.00 $420.28 $75,027.09
166 $75,027.09 $276.31 $0.00 $424.21 $75,727.61
167 $75,727.61 $276.31 $0.00 $428.17 $76,432.09
168 $76,432.09 $276.31 $0.00 $432.16 $77,140.56
169 $77,140.56 $276.31 $0.00 $436.16 $77,853.03
170 $77,853.03 $276.31 $0.00 $440.19 $78,569.53
171 $78,569.53 $276.31 $0.00 $444.24 $79,290.08
172 $79,290.08 $276.31 $0.00 $448.32 $80,014.71
173 $80,014.71 $276.31 $0.00 $452.41 $80,743.43
174 $80,743.43 $276.31 $0.00 $456.54 $81,476.28
175 $81,476.28 $276.31 $0.00 $460.68 $82,213.27
176 $82,213.27 $276.31 $0.00 $464.85 $82,954.43
177 $82,954.43 $276.31 $0.00 $469.04 $83,699.78
178 $83,699.78 $276.31 $0.00 $473.25 $84,449.34
179 $84,449.34 $276.31 $0.00 $477.49 $85,203.14
180 $85,203.14 $276.31 $0.00 $481.75 $85,961.20
181 $85,961.20 $276.31 $0.00 $486.04 $86,723.55
182 $86,723.55 $276.31 $0.00 $490.35 $87,490.21
183 $87,490.21 $276.31 $0.00 $494.68 $88,261.20
184 $88,261.20 $276.31 $0.00 $499.04 $89,036.55
185 $89,036.55 $276.31 $0.00 $503.43 $89,816.29
186 $89,816.29 $276.31 $0.00 $507.83 $90,600.43
187 $90,600.43 $276.31 $0.00 $512.27 $91,389.01
188 $91,389.01 $276.31 $0.00 $516.73 $92,182.05
189 $92,182.05 $276.31 $0.00 $521.21 $92,979.57
190 $92,979.57 $276.31 $0.00 $525.72 $93,781.60
191 $93,781.60 $276.31 $0.00 $530.25 $94,588.16
192 $94,588.16 $276.31 $0.00 $534.82 $95,399.29
193 $95,399.29 $276.31 $0.00 $539.40 $96,215.00
194 $96,215.00 $276.31 $0.00 $544.01 $97,035.32
195 $97,035.32 $276.31 $0.00 $548.65 $97,860.28
196 $97,860.28 $276.31 $0.00 $553.32 $98,689.91
197 $98,689.91 $276.31 $0.00 $558.01 $99,524.23
198 $99,524.23 $276.31 $0.00 $562.72 $100,363.26
199 $100,363.26 $276.31 $0.00 $567.47 $101,207.04
200 $101,207.04 $276.31 $0.00 $572.24 $102,055.59
201 $102,055.59 $276.31 $0.00 $577.04 $102,908.94
202 $102,908.94 $276.31 $0.00 $581.86 $103,767.11
203 $103,767.11 $276.31 $0.00 $586.71 $104,630.13
204 $104,630.13 $276.31 $0.00 $591.59 $105,498.03
205 $105,498.03 $276.31 $0.00 $596.50 $106,370.84
206 $106,370.84 $276.31 $0.00 $601.44 $107,248.59
207 $107,248.59 $276.31 $0.00 $606.40 $108,131.30
208 $108,131.30 $276.31 $0.00 $611.39 $109,019.00
209 $109,019.00 $276.31 $0.00 $616.41 $109,911.72
210 $109,911.72 $276.31 $0.00 $621.46 $110,809.49
211 $110,809.49 $276.31 $0.00 $626.53 $111,712.33
212 $111,712.33 $276.31 $0.00 $631.64 $112,620.28
213 $112,620.28 $276.31 $0.00 $636.77 $113,533.36
214 $113,533.36 $276.31 $0.00 $641.93 $114,451.60
215 $114,451.60 $276.31 $0.00 $647.13 $115,375.04
216 $115,375.04 $276.31 $0.00 $652.35 $116,303.70
217 $116,303.70 $276.31 $60,088.44 $657.60 $57,149.17
218 $57,149.17 $276.31 $0.00 $323.13 $57,748.61
219 $57,748.61 $276.31 $0.00 $326.52 $58,351.44
220 $58,351.44 $276.31 $0.00 $329.93 $58,957.68
221 $58,957.68 $276.31 $0.00 $333.36 $59,567.35
222 $59,567.35 $276.31 $0.00 $336.80 $60,180.46
223 $60,180.46 $276.31 $0.00 $340.27 $60,797.04
224 $60,797.04 $276.31 $0.00 $343.76 $61,417.11
225 $61,417.11 $276.31 $0.00 $347.26 $62,040.68
226 $62,040.68 $276.31 $0.00 $350.79 $62,667.78
227 $62,667.78 $276.31 $0.00 $354.33 $63,298.42
228 $63,298.42 $276.31 $0.00 $357.90 $63,932.63
229 $63,932.63 $0.00 $64,294.63 $361.48 -$0.52