Savings Plan and Future Cost Estimation for Alabama Southern 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$50,654
Monthly savings required$225

How much will it cost to send your child to Alabama Southern Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $101,308.74 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $225.06 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$14,480.00
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 $225.06 $0.00 $0.00 $225.06
2 $225.06 $225.06 $0.00 $1.27 $451.39
3 $451.39 $225.06 $0.00 $2.55 $679.00
4 $679.00 $225.06 $0.00 $3.84 $907.90
5 $907.90 $225.06 $0.00 $5.13 $1,138.09
6 $1,138.09 $225.06 $0.00 $6.43 $1,369.58
7 $1,369.58 $225.06 $0.00 $7.74 $1,602.38
8 $1,602.38 $225.06 $0.00 $9.06 $1,836.50
9 $1,836.50 $225.06 $0.00 $10.38 $2,071.94
10 $2,071.94 $225.06 $0.00 $11.72 $2,308.72
11 $2,308.72 $225.06 $0.00 $13.05 $2,546.83
12 $2,546.83 $225.06 $0.00 $14.40 $2,786.29
13 $2,786.29 $225.06 $0.00 $15.75 $3,027.10
14 $3,027.10 $225.06 $0.00 $17.12 $3,269.28
15 $3,269.28 $225.06 $0.00 $18.48 $3,512.82
16 $3,512.82 $225.06 $0.00 $19.86 $3,757.74
17 $3,757.74 $225.06 $0.00 $21.25 $4,004.05
18 $4,004.05 $225.06 $0.00 $22.64 $4,251.75
19 $4,251.75 $225.06 $0.00 $24.04 $4,500.85
20 $4,500.85 $225.06 $0.00 $25.45 $4,751.36
21 $4,751.36 $225.06 $0.00 $26.86 $5,003.28
22 $5,003.28 $225.06 $0.00 $28.29 $5,256.63
23 $5,256.63 $225.06 $0.00 $29.72 $5,511.41
24 $5,511.41 $225.06 $0.00 $31.16 $5,767.63
25 $5,767.63 $225.06 $0.00 $32.61 $6,025.30
26 $6,025.30 $225.06 $0.00 $34.07 $6,284.43
27 $6,284.43 $225.06 $0.00 $35.53 $6,545.02
28 $6,545.02 $225.06 $0.00 $37.01 $6,807.09
29 $6,807.09 $225.06 $0.00 $38.49 $7,070.64
30 $7,070.64 $225.06 $0.00 $39.98 $7,335.68
31 $7,335.68 $225.06 $0.00 $41.48 $7,602.22
32 $7,602.22 $225.06 $0.00 $42.98 $7,870.26
33 $7,870.26 $225.06 $0.00 $44.50 $8,139.82
34 $8,139.82 $225.06 $0.00 $46.02 $8,410.90
35 $8,410.90 $225.06 $0.00 $47.56 $8,683.52
36 $8,683.52 $225.06 $0.00 $49.10 $8,957.68
37 $8,957.68 $225.06 $0.00 $50.65 $9,233.39
38 $9,233.39 $225.06 $0.00 $52.21 $9,510.66
39 $9,510.66 $225.06 $0.00 $53.77 $9,789.49
40 $9,789.49 $225.06 $0.00 $55.35 $10,069.90
41 $10,069.90 $225.06 $0.00 $56.94 $10,351.90
42 $10,351.90 $225.06 $0.00 $58.53 $10,635.49
43 $10,635.49 $225.06 $0.00 $60.13 $10,920.68
44 $10,920.68 $225.06 $0.00 $61.75 $11,207.49
45 $11,207.49 $225.06 $0.00 $63.37 $11,495.92
46 $11,495.92 $225.06 $0.00 $65.00 $11,785.98
47 $11,785.98 $225.06 $0.00 $66.64 $12,077.68
48 $12,077.68 $225.06 $0.00 $68.29 $12,371.03
49 $12,371.03 $225.06 $0.00 $69.95 $12,666.04
50 $12,666.04 $225.06 $0.00 $71.62 $12,962.72
51 $12,962.72 $225.06 $0.00 $73.29 $13,261.07
52 $13,261.07 $225.06 $0.00 $74.98 $13,561.11
53 $13,561.11 $225.06 $0.00 $76.68 $13,862.85
54 $13,862.85 $225.06 $0.00 $78.38 $14,166.29
55 $14,166.29 $225.06 $0.00 $80.10 $14,471.45
56 $14,471.45 $225.06 $0.00 $81.82 $14,778.33
57 $14,778.33 $225.06 $0.00 $83.56 $15,086.95
58 $15,086.95 $225.06 $0.00 $85.30 $15,397.31
59 $15,397.31 $225.06 $0.00 $87.06 $15,709.43
60 $15,709.43 $225.06 $0.00 $88.82 $16,023.31
61 $16,023.31 $225.06 $0.00 $90.60 $16,338.97
62 $16,338.97 $225.06 $0.00 $92.38 $16,656.41
63 $16,656.41 $225.06 $0.00 $94.18 $16,975.65
64 $16,975.65 $225.06 $0.00 $95.98 $17,296.69
65 $17,296.69 $225.06 $0.00 $97.80 $17,619.55
66 $17,619.55 $225.06 $0.00 $99.62 $17,944.23
67 $17,944.23 $225.06 $0.00 $101.46 $18,270.75
68 $18,270.75 $225.06 $0.00 $103.31 $18,599.12
69 $18,599.12 $225.06 $0.00 $105.16 $18,929.34
70 $18,929.34 $225.06 $0.00 $107.03 $19,261.43
71 $19,261.43 $225.06 $0.00 $108.91 $19,595.40
72 $19,595.40 $225.06 $0.00 $110.80 $19,931.26
73 $19,931.26 $225.06 $0.00 $112.69 $20,269.01
74 $20,269.01 $225.06 $0.00 $114.60 $20,608.67
75 $20,608.67 $225.06 $0.00 $116.52 $20,950.25
76 $20,950.25 $225.06 $0.00 $118.46 $21,293.77
77 $21,293.77 $225.06 $0.00 $120.40 $21,639.23
78 $21,639.23 $225.06 $0.00 $122.35 $21,986.64
79 $21,986.64 $225.06 $0.00 $124.32 $22,336.02
80 $22,336.02 $225.06 $0.00 $126.29 $22,687.37
81 $22,687.37 $225.06 $0.00 $128.28 $23,040.71
82 $23,040.71 $225.06 $0.00 $130.28 $23,396.05
83 $23,396.05 $225.06 $0.00 $132.28 $23,753.39
84 $23,753.39 $225.06 $0.00 $134.31 $24,112.76
85 $24,112.76 $225.06 $0.00 $136.34 $24,474.16
86 $24,474.16 $225.06 $0.00 $138.38 $24,837.60
87 $24,837.60 $225.06 $0.00 $140.44 $25,203.10
88 $25,203.10 $225.06 $0.00 $142.50 $25,570.66
89 $25,570.66 $225.06 $0.00 $144.58 $25,940.30
90 $25,940.30 $225.06 $0.00 $146.67 $26,312.03
91 $26,312.03 $225.06 $0.00 $148.77 $26,685.86
92 $26,685.86 $225.06 $0.00 $150.89 $27,061.81
93 $27,061.81 $225.06 $0.00 $153.01 $27,439.88
94 $27,439.88 $225.06 $0.00 $155.15 $27,820.09
95 $27,820.09 $225.06 $0.00 $157.30 $28,202.45
96 $28,202.45 $225.06 $0.00 $159.46 $28,586.97
97 $28,586.97 $225.06 $0.00 $161.63 $28,973.66
98 $28,973.66 $225.06 $0.00 $163.82 $29,362.54
99 $29,362.54 $225.06 $0.00 $166.02 $29,753.62
100 $29,753.62 $225.06 $0.00 $168.23 $30,146.91
101 $30,146.91 $225.06 $0.00 $170.46 $30,542.43
102 $30,542.43 $225.06 $0.00 $172.69 $30,940.18
103 $30,940.18 $225.06 $0.00 $174.94 $31,340.18
104 $31,340.18 $225.06 $0.00 $177.20 $31,742.44
105 $31,742.44 $225.06 $0.00 $179.48 $32,146.98
106 $32,146.98 $225.06 $0.00 $181.76 $32,553.80
107 $32,553.80 $225.06 $0.00 $184.06 $32,962.92
108 $32,962.92 $225.06 $0.00 $186.38 $33,374.36
109 $33,374.36 $225.06 $0.00 $188.70 $33,788.12
110 $33,788.12 $225.06 $0.00 $191.04 $34,204.22
111 $34,204.22 $225.06 $0.00 $193.40 $34,622.68
112 $34,622.68 $225.06 $0.00 $195.76 $35,043.50
113 $35,043.50 $225.06 $0.00 $198.14 $35,466.70
114 $35,466.70 $225.06 $0.00 $200.53 $35,892.29
115 $35,892.29 $225.06 $0.00 $202.94 $36,320.29
116 $36,320.29 $225.06 $0.00 $205.36 $36,750.71
117 $36,750.71 $225.06 $0.00 $207.79 $37,183.56
118 $37,183.56 $225.06 $0.00 $210.24 $37,618.86
119 $37,618.86 $225.06 $0.00 $212.70 $38,056.62
120 $38,056.62 $225.06 $0.00 $215.18 $38,496.86
121 $38,496.86 $225.06 $0.00 $217.67 $38,939.59
122 $38,939.59 $225.06 $0.00 $220.17 $39,384.82
123 $39,384.82 $225.06 $0.00 $222.69 $39,832.57
124 $39,832.57 $225.06 $0.00 $225.22 $40,282.85
125 $40,282.85 $225.06 $0.00 $227.77 $40,735.68
126 $40,735.68 $225.06 $0.00 $230.33 $41,191.07
127 $41,191.07 $225.06 $0.00 $232.90 $41,649.03
128 $41,649.03 $225.06 $0.00 $235.49 $42,109.58
129 $42,109.58 $225.06 $0.00 $238.09 $42,572.73
130 $42,572.73 $225.06 $0.00 $240.71 $43,038.50
131 $43,038.50 $225.06 $0.00 $243.35 $43,506.91
132 $43,506.91 $225.06 $0.00 $245.99 $43,977.96
133 $43,977.96 $225.06 $0.00 $248.66 $44,451.68
134 $44,451.68 $225.06 $0.00 $251.34 $44,928.08
135 $44,928.08 $225.06 $0.00 $254.03 $45,407.17
136 $45,407.17 $225.06 $0.00 $256.74 $45,888.97
137 $45,888.97 $225.06 $0.00 $259.46 $46,373.49
138 $46,373.49 $225.06 $0.00 $262.20 $46,860.75
139 $46,860.75 $225.06 $0.00 $264.96 $47,350.77
140 $47,350.77 $225.06 $0.00 $267.73 $47,843.56
141 $47,843.56 $225.06 $0.00 $270.51 $48,339.13
142 $48,339.13 $225.06 $0.00 $273.32 $48,837.51
143 $48,837.51 $225.06 $0.00 $276.13 $49,338.70
144 $49,338.70 $225.06 $0.00 $278.97 $49,842.73
145 $49,842.73 $225.06 $0.00 $281.82 $50,349.61
146 $50,349.61 $225.06 $0.00 $284.68 $50,859.35
147 $50,859.35 $225.06 $0.00 $287.57 $51,371.98
148 $51,371.98 $225.06 $0.00 $290.46 $51,887.50
149 $51,887.50 $225.06 $0.00 $293.38 $52,405.94
150 $52,405.94 $225.06 $0.00 $296.31 $52,927.31
151 $52,927.31 $225.06 $0.00 $299.26 $53,451.63
152 $53,451.63 $225.06 $0.00 $302.22 $53,978.91
153 $53,978.91 $225.06 $0.00 $305.20 $54,509.17
154 $54,509.17 $225.06 $0.00 $308.20 $55,042.43
155 $55,042.43 $225.06 $0.00 $311.22 $55,578.71
156 $55,578.71 $225.06 $0.00 $314.25 $56,118.02
157 $56,118.02 $225.06 $0.00 $317.30 $56,660.38
158 $56,660.38 $225.06 $0.00 $320.37 $57,205.81
159 $57,205.81 $225.06 $0.00 $323.45 $57,754.32
160 $57,754.32 $225.06 $0.00 $326.55 $58,305.93
161 $58,305.93 $225.06 $0.00 $329.67 $58,860.66
162 $58,860.66 $225.06 $0.00 $332.81 $59,418.53
163 $59,418.53 $225.06 $0.00 $335.96 $59,979.55
164 $59,979.55 $225.06 $0.00 $339.13 $60,543.74
165 $60,543.74 $225.06 $0.00 $342.32 $61,111.12
166 $61,111.12 $225.06 $0.00 $345.53 $61,681.71
167 $61,681.71 $225.06 $0.00 $348.76 $62,255.53
168 $62,255.53 $225.06 $0.00 $352.00 $62,832.59
169 $62,832.59 $225.06 $0.00 $355.26 $63,412.91
170 $63,412.91 $225.06 $0.00 $358.55 $63,996.52
171 $63,996.52 $225.06 $0.00 $361.85 $64,583.43
172 $64,583.43 $225.06 $0.00 $365.16 $65,173.65
173 $65,173.65 $225.06 $0.00 $368.50 $65,767.21
174 $65,767.21 $225.06 $0.00 $371.86 $66,364.13
175 $66,364.13 $225.06 $0.00 $375.23 $66,964.42
176 $66,964.42 $225.06 $0.00 $378.63 $67,568.11
177 $67,568.11 $225.06 $0.00 $382.04 $68,175.21
178 $68,175.21 $225.06 $0.00 $385.47 $68,785.74
179 $68,785.74 $225.06 $0.00 $388.92 $69,399.72
180 $69,399.72 $225.06 $0.00 $392.40 $70,017.18
181 $70,017.18 $225.06 $0.00 $395.89 $70,638.13
182 $70,638.13 $225.06 $0.00 $399.40 $71,262.59
183 $71,262.59 $225.06 $0.00 $402.93 $71,890.58
184 $71,890.58 $225.06 $0.00 $406.48 $72,522.12
185 $72,522.12 $225.06 $0.00 $410.05 $73,157.23
186 $73,157.23 $225.06 $0.00 $413.64 $73,795.93
187 $73,795.93 $225.06 $0.00 $417.25 $74,438.24
188 $74,438.24 $225.06 $0.00 $420.88 $75,084.18
189 $75,084.18 $225.06 $0.00 $424.54 $75,733.78
190 $75,733.78 $225.06 $0.00 $428.21 $76,387.05
191 $76,387.05 $225.06 $0.00 $431.90 $77,044.01
192 $77,044.01 $225.06 $0.00 $435.62 $77,704.69
193 $77,704.69 $225.06 $0.00 $439.35 $78,369.10
194 $78,369.10 $225.06 $0.00 $443.11 $79,037.27
195 $79,037.27 $225.06 $0.00 $446.89 $79,709.22
196 $79,709.22 $225.06 $0.00 $450.69 $80,384.97
197 $80,384.97 $225.06 $0.00 $454.51 $81,064.54
198 $81,064.54 $225.06 $0.00 $458.35 $81,747.95
199 $81,747.95 $225.06 $0.00 $462.21 $82,435.22
200 $82,435.22 $225.06 $0.00 $466.10 $83,126.38
201 $83,126.38 $225.06 $0.00 $470.01 $83,821.45
202 $83,821.45 $225.06 $0.00 $473.94 $84,520.45
203 $84,520.45 $225.06 $0.00 $477.89 $85,223.40
204 $85,223.40 $225.06 $0.00 $481.87 $85,930.33
205 $85,930.33 $225.06 $0.00 $485.86 $86,641.25
206 $86,641.25 $225.06 $0.00 $489.88 $87,356.19
207 $87,356.19 $225.06 $0.00 $493.92 $88,075.17
208 $88,075.17 $225.06 $0.00 $497.99 $88,798.22
209 $88,798.22 $225.06 $0.00 $502.08 $89,525.36
210 $89,525.36 $225.06 $0.00 $506.19 $90,256.61
211 $90,256.61 $225.06 $0.00 $510.32 $90,991.99
212 $90,991.99 $225.06 $0.00 $514.48 $91,731.53
213 $91,731.53 $225.06 $0.00 $518.66 $92,475.25
214 $92,475.25 $225.06 $0.00 $522.87 $93,223.18
215 $93,223.18 $225.06 $0.00 $527.10 $93,975.34
216 $93,975.34 $225.06 $0.00 $531.35 $94,731.75
217 $94,731.75 $225.06 $48,941.42 $535.63 $46,551.02
218 $46,551.02 $225.06 $0.00 $263.21 $47,039.29
219 $47,039.29 $225.06 $0.00 $265.97 $47,530.32
220 $47,530.32 $225.06 $0.00 $268.74 $48,024.12
221 $48,024.12 $225.06 $0.00 $271.54 $48,520.72
222 $48,520.72 $225.06 $0.00 $274.34 $49,020.12
223 $49,020.12 $225.06 $0.00 $277.17 $49,522.35
224 $49,522.35 $225.06 $0.00 $280.01 $50,027.42
225 $50,027.42 $225.06 $0.00 $282.86 $50,535.34
226 $50,535.34 $225.06 $0.00 $285.73 $51,046.13
227 $51,046.13 $225.06 $0.00 $288.62 $51,559.81
228 $51,559.81 $225.06 $0.00 $291.53 $52,076.40
229 $52,076.40 $0.00 $52,367.32 $294.45 $3.53