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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$35,719
Monthly savings required$159

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 $71,438.09 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $158.74 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 Increase5%
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 $158.74 $0.00 $0.00 $158.74
2 $158.74 $158.74 $0.00 $0.90 $318.38
3 $318.38 $158.74 $0.00 $1.80 $478.92
4 $478.92 $158.74 $0.00 $2.71 $640.37
5 $640.37 $158.74 $0.00 $3.62 $802.73
6 $802.73 $158.74 $0.00 $4.54 $966.01
7 $966.01 $158.74 $0.00 $5.46 $1,130.21
8 $1,130.21 $158.74 $0.00 $6.39 $1,295.34
9 $1,295.34 $158.74 $0.00 $7.32 $1,461.40
10 $1,461.40 $158.74 $0.00 $8.26 $1,628.40
11 $1,628.40 $158.74 $0.00 $9.21 $1,796.35
12 $1,796.35 $158.74 $0.00 $10.16 $1,965.25
13 $1,965.25 $158.74 $0.00 $11.11 $2,135.10
14 $2,135.10 $158.74 $0.00 $12.07 $2,305.91
15 $2,305.91 $158.74 $0.00 $13.04 $2,477.69
16 $2,477.69 $158.74 $0.00 $14.01 $2,650.44
17 $2,650.44 $158.74 $0.00 $14.99 $2,824.17
18 $2,824.17 $158.74 $0.00 $15.97 $2,998.88
19 $2,998.88 $158.74 $0.00 $16.96 $3,174.58
20 $3,174.58 $158.74 $0.00 $17.95 $3,351.27
21 $3,351.27 $158.74 $0.00 $18.95 $3,528.96
22 $3,528.96 $158.74 $0.00 $19.95 $3,707.65
23 $3,707.65 $158.74 $0.00 $20.96 $3,887.35
24 $3,887.35 $158.74 $0.00 $21.98 $4,068.07
25 $4,068.07 $158.74 $0.00 $23.00 $4,249.81
26 $4,249.81 $158.74 $0.00 $24.03 $4,432.58
27 $4,432.58 $158.74 $0.00 $25.06 $4,616.38
28 $4,616.38 $158.74 $0.00 $26.10 $4,801.22
29 $4,801.22 $158.74 $0.00 $27.15 $4,987.11
30 $4,987.11 $158.74 $0.00 $28.20 $5,174.05
31 $5,174.05 $158.74 $0.00 $29.25 $5,362.04
32 $5,362.04 $158.74 $0.00 $30.32 $5,551.10
33 $5,551.10 $158.74 $0.00 $31.39 $5,741.23
34 $5,741.23 $158.74 $0.00 $32.46 $5,932.43
35 $5,932.43 $158.74 $0.00 $33.54 $6,124.71
36 $6,124.71 $158.74 $0.00 $34.63 $6,318.08
37 $6,318.08 $158.74 $0.00 $35.72 $6,512.54
38 $6,512.54 $158.74 $0.00 $36.82 $6,708.10
39 $6,708.10 $158.74 $0.00 $37.93 $6,904.77
40 $6,904.77 $158.74 $0.00 $39.04 $7,102.55
41 $7,102.55 $158.74 $0.00 $40.16 $7,301.45
42 $7,301.45 $158.74 $0.00 $41.28 $7,501.47
43 $7,501.47 $158.74 $0.00 $42.41 $7,702.62
44 $7,702.62 $158.74 $0.00 $43.55 $7,904.91
45 $7,904.91 $158.74 $0.00 $44.70 $8,108.35
46 $8,108.35 $158.74 $0.00 $45.85 $8,312.94
47 $8,312.94 $158.74 $0.00 $47.00 $8,518.68
48 $8,518.68 $158.74 $0.00 $48.17 $8,725.59
49 $8,725.59 $158.74 $0.00 $49.34 $8,933.67
50 $8,933.67 $158.74 $0.00 $50.51 $9,142.92
51 $9,142.92 $158.74 $0.00 $51.70 $9,353.36
52 $9,353.36 $158.74 $0.00 $52.89 $9,564.99
53 $9,564.99 $158.74 $0.00 $54.08 $9,777.81
54 $9,777.81 $158.74 $0.00 $55.29 $9,991.84
55 $9,991.84 $158.74 $0.00 $56.50 $10,207.08
56 $10,207.08 $158.74 $0.00 $57.71 $10,423.53
57 $10,423.53 $158.74 $0.00 $58.94 $10,641.21
58 $10,641.21 $158.74 $0.00 $60.17 $10,860.12
59 $10,860.12 $158.74 $0.00 $61.40 $11,080.26
60 $11,080.26 $158.74 $0.00 $62.65 $11,301.65
61 $11,301.65 $158.74 $0.00 $63.90 $11,524.29
62 $11,524.29 $158.74 $0.00 $65.16 $11,748.19
63 $11,748.19 $158.74 $0.00 $66.43 $11,973.36
64 $11,973.36 $158.74 $0.00 $67.70 $12,199.80
65 $12,199.80 $158.74 $0.00 $68.98 $12,427.52
66 $12,427.52 $158.74 $0.00 $70.27 $12,656.53
67 $12,656.53 $158.74 $0.00 $71.56 $12,886.83
68 $12,886.83 $158.74 $0.00 $72.86 $13,118.43
69 $13,118.43 $158.74 $0.00 $74.17 $13,351.34
70 $13,351.34 $158.74 $0.00 $75.49 $13,585.57
71 $13,585.57 $158.74 $0.00 $76.81 $13,821.12
72 $13,821.12 $158.74 $0.00 $78.15 $14,058.01
73 $14,058.01 $158.74 $0.00 $79.49 $14,296.24
74 $14,296.24 $158.74 $0.00 $80.83 $14,535.81
75 $14,535.81 $158.74 $0.00 $82.19 $14,776.74
76 $14,776.74 $158.74 $0.00 $83.55 $15,019.03
77 $15,019.03 $158.74 $0.00 $84.92 $15,262.69
78 $15,262.69 $158.74 $0.00 $86.30 $15,507.73
79 $15,507.73 $158.74 $0.00 $87.68 $15,754.15
80 $15,754.15 $158.74 $0.00 $89.08 $16,001.97
81 $16,001.97 $158.74 $0.00 $90.48 $16,251.19
82 $16,251.19 $158.74 $0.00 $91.89 $16,501.82
83 $16,501.82 $158.74 $0.00 $93.30 $16,753.86
84 $16,753.86 $158.74 $0.00 $94.73 $17,007.33
85 $17,007.33 $158.74 $0.00 $96.16 $17,262.23
86 $17,262.23 $158.74 $0.00 $97.60 $17,518.57
87 $17,518.57 $158.74 $0.00 $99.05 $17,776.36
88 $17,776.36 $158.74 $0.00 $100.51 $18,035.61
89 $18,035.61 $158.74 $0.00 $101.98 $18,296.33
90 $18,296.33 $158.74 $0.00 $103.45 $18,558.52
91 $18,558.52 $158.74 $0.00 $104.93 $18,822.19
92 $18,822.19 $158.74 $0.00 $106.42 $19,087.35
93 $19,087.35 $158.74 $0.00 $107.92 $19,354.01
94 $19,354.01 $158.74 $0.00 $109.43 $19,622.18
95 $19,622.18 $158.74 $0.00 $110.95 $19,891.87
96 $19,891.87 $158.74 $0.00 $112.47 $20,163.08
97 $20,163.08 $158.74 $0.00 $114.00 $20,435.82
98 $20,435.82 $158.74 $0.00 $115.55 $20,710.11
99 $20,710.11 $158.74 $0.00 $117.10 $20,985.95
100 $20,985.95 $158.74 $0.00 $118.66 $21,263.35
101 $21,263.35 $158.74 $0.00 $120.23 $21,542.32
102 $21,542.32 $158.74 $0.00 $121.80 $21,822.86
103 $21,822.86 $158.74 $0.00 $123.39 $22,104.99
104 $22,104.99 $158.74 $0.00 $124.98 $22,388.71
105 $22,388.71 $158.74 $0.00 $126.59 $22,674.04
106 $22,674.04 $158.74 $0.00 $128.20 $22,960.98
107 $22,960.98 $158.74 $0.00 $129.82 $23,249.54
108 $23,249.54 $158.74 $0.00 $131.46 $23,539.74
109 $23,539.74 $158.74 $0.00 $133.10 $23,831.58
110 $23,831.58 $158.74 $0.00 $134.75 $24,125.07
111 $24,125.07 $158.74 $0.00 $136.41 $24,420.22
112 $24,420.22 $158.74 $0.00 $138.08 $24,717.04
113 $24,717.04 $158.74 $0.00 $139.75 $25,015.53
114 $25,015.53 $158.74 $0.00 $141.44 $25,315.71
115 $25,315.71 $158.74 $0.00 $143.14 $25,617.59
116 $25,617.59 $158.74 $0.00 $144.85 $25,921.18
117 $25,921.18 $158.74 $0.00 $146.56 $26,226.48
118 $26,226.48 $158.74 $0.00 $148.29 $26,533.51
119 $26,533.51 $158.74 $0.00 $150.02 $26,842.27
120 $26,842.27 $158.74 $0.00 $151.77 $27,152.78
121 $27,152.78 $158.74 $0.00 $153.53 $27,465.05
122 $27,465.05 $158.74 $0.00 $155.29 $27,779.08
123 $27,779.08 $158.74 $0.00 $157.07 $28,094.89
124 $28,094.89 $158.74 $0.00 $158.85 $28,412.48
125 $28,412.48 $158.74 $0.00 $160.65 $28,731.87
126 $28,731.87 $158.74 $0.00 $162.45 $29,053.06
127 $29,053.06 $158.74 $0.00 $164.27 $29,376.07
128 $29,376.07 $158.74 $0.00 $166.10 $29,700.91
129 $29,700.91 $158.74 $0.00 $167.93 $30,027.58
130 $30,027.58 $158.74 $0.00 $169.78 $30,356.10
131 $30,356.10 $158.74 $0.00 $171.64 $30,686.48
132 $30,686.48 $158.74 $0.00 $173.51 $31,018.73
133 $31,018.73 $158.74 $0.00 $175.38 $31,352.85
134 $31,352.85 $158.74 $0.00 $177.27 $31,688.86
135 $31,688.86 $158.74 $0.00 $179.17 $32,026.77
136 $32,026.77 $158.74 $0.00 $181.08 $32,366.59
137 $32,366.59 $158.74 $0.00 $183.01 $32,708.34
138 $32,708.34 $158.74 $0.00 $184.94 $33,052.02
139 $33,052.02 $158.74 $0.00 $186.88 $33,397.64
140 $33,397.64 $158.74 $0.00 $188.84 $33,745.22
141 $33,745.22 $158.74 $0.00 $190.80 $34,094.76
142 $34,094.76 $158.74 $0.00 $192.78 $34,446.28
143 $34,446.28 $158.74 $0.00 $194.76 $34,799.78
144 $34,799.78 $158.74 $0.00 $196.76 $35,155.28
145 $35,155.28 $158.74 $0.00 $198.77 $35,512.79
146 $35,512.79 $158.74 $0.00 $200.79 $35,872.32
147 $35,872.32 $158.74 $0.00 $202.83 $36,233.89
148 $36,233.89 $158.74 $0.00 $204.87 $36,597.50
149 $36,597.50 $158.74 $0.00 $206.93 $36,963.17
150 $36,963.17 $158.74 $0.00 $209.00 $37,330.91
151 $37,330.91 $158.74 $0.00 $211.07 $37,700.72
152 $37,700.72 $158.74 $0.00 $213.17 $38,072.63
153 $38,072.63 $158.74 $0.00 $215.27 $38,446.64
154 $38,446.64 $158.74 $0.00 $217.38 $38,822.76
155 $38,822.76 $158.74 $0.00 $219.51 $39,201.01
156 $39,201.01 $158.74 $0.00 $221.65 $39,581.40
157 $39,581.40 $158.74 $0.00 $223.80 $39,963.94
158 $39,963.94 $158.74 $0.00 $225.96 $40,348.64
159 $40,348.64 $158.74 $0.00 $228.14 $40,735.52
160 $40,735.52 $158.74 $0.00 $230.32 $41,124.58
161 $41,124.58 $158.74 $0.00 $232.52 $41,515.84
162 $41,515.84 $158.74 $0.00 $234.74 $41,909.32
163 $41,909.32 $158.74 $0.00 $236.96 $42,305.02
164 $42,305.02 $158.74 $0.00 $239.20 $42,702.96
165 $42,702.96 $158.74 $0.00 $241.45 $43,103.15
166 $43,103.15 $158.74 $0.00 $243.71 $43,505.60
167 $43,505.60 $158.74 $0.00 $245.99 $43,910.33
168 $43,910.33 $158.74 $0.00 $248.28 $44,317.35
169 $44,317.35 $158.74 $0.00 $250.58 $44,726.67
170 $44,726.67 $158.74 $0.00 $252.89 $45,138.30
171 $45,138.30 $158.74 $0.00 $255.22 $45,552.26
172 $45,552.26 $158.74 $0.00 $257.56 $45,968.56
173 $45,968.56 $158.74 $0.00 $259.91 $46,387.21
174 $46,387.21 $158.74 $0.00 $262.28 $46,808.23
175 $46,808.23 $158.74 $0.00 $264.66 $47,231.63
176 $47,231.63 $158.74 $0.00 $267.05 $47,657.42
177 $47,657.42 $158.74 $0.00 $269.46 $48,085.62
178 $48,085.62 $158.74 $0.00 $271.88 $48,516.24
179 $48,516.24 $158.74 $0.00 $274.32 $48,949.30
180 $48,949.30 $158.74 $0.00 $276.77 $49,384.81
181 $49,384.81 $158.74 $0.00 $279.23 $49,822.78
182 $49,822.78 $158.74 $0.00 $281.71 $50,263.23
183 $50,263.23 $158.74 $0.00 $284.20 $50,706.17
184 $50,706.17 $158.74 $0.00 $286.70 $51,151.61
185 $51,151.61 $158.74 $0.00 $289.22 $51,599.57
186 $51,599.57 $158.74 $0.00 $291.75 $52,050.06
187 $52,050.06 $158.74 $0.00 $294.30 $52,503.10
188 $52,503.10 $158.74 $0.00 $296.86 $52,958.70
189 $52,958.70 $158.74 $0.00 $299.44 $53,416.88
190 $53,416.88 $158.74 $0.00 $302.03 $53,877.65
191 $53,877.65 $158.74 $0.00 $304.63 $54,341.02
192 $54,341.02 $158.74 $0.00 $307.25 $54,807.01
193 $54,807.01 $158.74 $0.00 $309.89 $55,275.64
194 $55,275.64 $158.74 $0.00 $312.54 $55,746.92
195 $55,746.92 $158.74 $0.00 $315.20 $56,220.86
196 $56,220.86 $158.74 $0.00 $317.88 $56,697.48
197 $56,697.48 $158.74 $0.00 $320.58 $57,176.80
198 $57,176.80 $158.74 $0.00 $323.29 $57,658.83
199 $57,658.83 $158.74 $0.00 $326.01 $58,143.58
200 $58,143.58 $158.74 $0.00 $328.75 $58,631.07
201 $58,631.07 $158.74 $0.00 $331.51 $59,121.32
202 $59,121.32 $158.74 $0.00 $334.28 $59,614.34
203 $59,614.34 $158.74 $0.00 $337.07 $60,110.15
204 $60,110.15 $158.74 $0.00 $339.87 $60,608.76
205 $60,608.76 $158.74 $0.00 $342.69 $61,110.19
206 $61,110.19 $158.74 $0.00 $345.53 $61,614.46
207 $61,614.46 $158.74 $0.00 $348.38 $62,121.58
208 $62,121.58 $158.74 $0.00 $351.24 $62,631.56
209 $62,631.56 $158.74 $0.00 $354.13 $63,144.43
210 $63,144.43 $158.74 $0.00 $357.03 $63,660.20
211 $63,660.20 $158.74 $0.00 $359.94 $64,178.88
212 $64,178.88 $158.74 $0.00 $362.88 $64,700.50
213 $64,700.50 $158.74 $0.00 $365.83 $65,225.07
214 $65,225.07 $158.74 $0.00 $368.79 $65,752.60
215 $65,752.60 $158.74 $0.00 $371.77 $66,283.11
216 $66,283.11 $158.74 $0.00 $374.77 $66,816.62
217 $66,816.62 $158.74 $34,847.85 $377.79 $32,505.30
218 $32,505.30 $158.74 $0.00 $183.79 $32,847.83
219 $32,847.83 $158.74 $0.00 $185.73 $33,192.30
220 $33,192.30 $158.74 $0.00 $187.67 $33,538.71
221 $33,538.71 $158.74 $0.00 $189.63 $33,887.08
222 $33,887.08 $158.74 $0.00 $191.60 $34,237.42
223 $34,237.42 $158.74 $0.00 $193.58 $34,589.74
224 $34,589.74 $158.74 $0.00 $195.58 $34,944.06
225 $34,944.06 $158.74 $0.00 $197.58 $35,300.38
226 $35,300.38 $158.74 $0.00 $199.59 $35,658.71
227 $35,658.71 $158.74 $0.00 $201.62 $36,019.07
228 $36,019.07 $158.74 $0.00 $203.66 $36,381.47
229 $36,381.47 $0.00 $36,590.24 $205.71 ($3.06)