Savings Plan and Future Cost Estimation for George C Wallace State Community College Dothan

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$40,579
Monthly savings required$180

How much will it cost to send your child to George C Wallace State Community College Dothan in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $81,157.22 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $180.34 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$16,450.00
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 $180.34 $0.00 $0.00 $180.34
2 $180.34 $180.34 $0.00 $1.02 $361.70
3 $361.70 $180.34 $0.00 $2.05 $544.09
4 $544.09 $180.34 $0.00 $3.08 $727.51
5 $727.51 $180.34 $0.00 $4.11 $911.96
6 $911.96 $180.34 $0.00 $5.16 $1,097.46
7 $1,097.46 $180.34 $0.00 $6.21 $1,284.01
8 $1,284.01 $180.34 $0.00 $7.26 $1,471.61
9 $1,471.61 $180.34 $0.00 $8.32 $1,660.27
10 $1,660.27 $180.34 $0.00 $9.39 $1,850.00
11 $1,850.00 $180.34 $0.00 $10.46 $2,040.80
12 $2,040.80 $180.34 $0.00 $11.54 $2,232.68
13 $2,232.68 $180.34 $0.00 $12.62 $2,425.64
14 $2,425.64 $180.34 $0.00 $13.71 $2,619.69
15 $2,619.69 $180.34 $0.00 $14.81 $2,814.84
16 $2,814.84 $180.34 $0.00 $15.92 $3,011.10
17 $3,011.10 $180.34 $0.00 $17.03 $3,208.47
18 $3,208.47 $180.34 $0.00 $18.14 $3,406.95
19 $3,406.95 $180.34 $0.00 $19.26 $3,606.55
20 $3,606.55 $180.34 $0.00 $20.39 $3,807.28
21 $3,807.28 $180.34 $0.00 $21.53 $4,009.15
22 $4,009.15 $180.34 $0.00 $22.67 $4,212.16
23 $4,212.16 $180.34 $0.00 $23.82 $4,416.32
24 $4,416.32 $180.34 $0.00 $24.97 $4,621.63
25 $4,621.63 $180.34 $0.00 $26.13 $4,828.10
26 $4,828.10 $180.34 $0.00 $27.30 $5,035.74
27 $5,035.74 $180.34 $0.00 $28.47 $5,244.55
28 $5,244.55 $180.34 $0.00 $29.65 $5,454.54
29 $5,454.54 $180.34 $0.00 $30.84 $5,665.72
30 $5,665.72 $180.34 $0.00 $32.03 $5,878.09
31 $5,878.09 $180.34 $0.00 $33.24 $6,091.67
32 $6,091.67 $180.34 $0.00 $34.44 $6,306.45
33 $6,306.45 $180.34 $0.00 $35.66 $6,522.45
34 $6,522.45 $180.34 $0.00 $36.88 $6,739.67
35 $6,739.67 $180.34 $0.00 $38.11 $6,958.12
36 $6,958.12 $180.34 $0.00 $39.34 $7,177.80
37 $7,177.80 $180.34 $0.00 $40.58 $7,398.72
38 $7,398.72 $180.34 $0.00 $41.83 $7,620.89
39 $7,620.89 $180.34 $0.00 $43.09 $7,844.32
40 $7,844.32 $180.34 $0.00 $44.35 $8,069.01
41 $8,069.01 $180.34 $0.00 $45.62 $8,294.97
42 $8,294.97 $180.34 $0.00 $46.90 $8,522.21
43 $8,522.21 $180.34 $0.00 $48.19 $8,750.74
44 $8,750.74 $180.34 $0.00 $49.48 $8,980.56
45 $8,980.56 $180.34 $0.00 $50.78 $9,211.68
46 $9,211.68 $180.34 $0.00 $52.08 $9,444.10
47 $9,444.10 $180.34 $0.00 $53.40 $9,677.84
48 $9,677.84 $180.34 $0.00 $54.72 $9,912.90
49 $9,912.90 $180.34 $0.00 $56.05 $10,149.29
50 $10,149.29 $180.34 $0.00 $57.39 $10,387.02
51 $10,387.02 $180.34 $0.00 $58.73 $10,626.09
52 $10,626.09 $180.34 $0.00 $60.08 $10,866.51
53 $10,866.51 $180.34 $0.00 $61.44 $11,108.29
54 $11,108.29 $180.34 $0.00 $62.81 $11,351.44
55 $11,351.44 $180.34 $0.00 $64.18 $11,595.96
56 $11,595.96 $180.34 $0.00 $65.57 $11,841.87
57 $11,841.87 $180.34 $0.00 $66.96 $12,089.17
58 $12,089.17 $180.34 $0.00 $68.35 $12,337.86
59 $12,337.86 $180.34 $0.00 $69.76 $12,587.96
60 $12,587.96 $180.34 $0.00 $71.17 $12,839.47
61 $12,839.47 $180.34 $0.00 $72.60 $13,092.41
62 $13,092.41 $180.34 $0.00 $74.03 $13,346.78
63 $13,346.78 $180.34 $0.00 $75.46 $13,602.58
64 $13,602.58 $180.34 $0.00 $76.91 $13,859.83
65 $13,859.83 $180.34 $0.00 $78.37 $14,118.54
66 $14,118.54 $180.34 $0.00 $79.83 $14,378.71
67 $14,378.71 $180.34 $0.00 $81.30 $14,640.35
68 $14,640.35 $180.34 $0.00 $82.78 $14,903.47
69 $14,903.47 $180.34 $0.00 $84.27 $15,168.08
70 $15,168.08 $180.34 $0.00 $85.76 $15,434.18
71 $15,434.18 $180.34 $0.00 $87.27 $15,701.79
72 $15,701.79 $180.34 $0.00 $88.78 $15,970.91
73 $15,970.91 $180.34 $0.00 $90.30 $16,241.55
74 $16,241.55 $180.34 $0.00 $91.83 $16,513.72
75 $16,513.72 $180.34 $0.00 $93.37 $16,787.43
76 $16,787.43 $180.34 $0.00 $94.92 $17,062.69
77 $17,062.69 $180.34 $0.00 $96.47 $17,339.50
78 $17,339.50 $180.34 $0.00 $98.04 $17,617.88
79 $17,617.88 $180.34 $0.00 $99.61 $17,897.83
80 $17,897.83 $180.34 $0.00 $101.20 $18,179.37
81 $18,179.37 $180.34 $0.00 $102.79 $18,462.50
82 $18,462.50 $180.34 $0.00 $104.39 $18,747.23
83 $18,747.23 $180.34 $0.00 $106.00 $19,033.57
84 $19,033.57 $180.34 $0.00 $107.62 $19,321.53
85 $19,321.53 $180.34 $0.00 $109.25 $19,611.12
86 $19,611.12 $180.34 $0.00 $110.88 $19,902.34
87 $19,902.34 $180.34 $0.00 $112.53 $20,195.21
88 $20,195.21 $180.34 $0.00 $114.19 $20,489.74
89 $20,489.74 $180.34 $0.00 $115.85 $20,785.93
90 $20,785.93 $180.34 $0.00 $117.53 $21,083.80
91 $21,083.80 $180.34 $0.00 $119.21 $21,383.35
92 $21,383.35 $180.34 $0.00 $120.90 $21,684.59
93 $21,684.59 $180.34 $0.00 $122.61 $21,987.54
94 $21,987.54 $180.34 $0.00 $124.32 $22,292.20
95 $22,292.20 $180.34 $0.00 $126.04 $22,598.58
96 $22,598.58 $180.34 $0.00 $127.78 $22,906.70
97 $22,906.70 $180.34 $0.00 $129.52 $23,216.56
98 $23,216.56 $180.34 $0.00 $131.27 $23,528.17
99 $23,528.17 $180.34 $0.00 $133.03 $23,841.54
100 $23,841.54 $180.34 $0.00 $134.80 $24,156.68
101 $24,156.68 $180.34 $0.00 $136.59 $24,473.61
102 $24,473.61 $180.34 $0.00 $138.38 $24,792.33
103 $24,792.33 $180.34 $0.00 $140.18 $25,112.85
104 $25,112.85 $180.34 $0.00 $141.99 $25,435.18
105 $25,435.18 $180.34 $0.00 $143.81 $25,759.33
106 $25,759.33 $180.34 $0.00 $145.65 $26,085.32
107 $26,085.32 $180.34 $0.00 $147.49 $26,413.15
108 $26,413.15 $180.34 $0.00 $149.34 $26,742.83
109 $26,742.83 $180.34 $0.00 $151.21 $27,074.38
110 $27,074.38 $180.34 $0.00 $153.08 $27,407.80
111 $27,407.80 $180.34 $0.00 $154.97 $27,743.11
112 $27,743.11 $180.34 $0.00 $156.86 $28,080.31
113 $28,080.31 $180.34 $0.00 $158.77 $28,419.42
114 $28,419.42 $180.34 $0.00 $160.69 $28,760.45
115 $28,760.45 $180.34 $0.00 $162.62 $29,103.41
116 $29,103.41 $180.34 $0.00 $164.55 $29,448.30
117 $29,448.30 $180.34 $0.00 $166.50 $29,795.14
118 $29,795.14 $180.34 $0.00 $168.47 $30,143.95
119 $30,143.95 $180.34 $0.00 $170.44 $30,494.73
120 $30,494.73 $180.34 $0.00 $172.42 $30,847.49
121 $30,847.49 $180.34 $0.00 $174.42 $31,202.25
122 $31,202.25 $180.34 $0.00 $176.42 $31,559.01
123 $31,559.01 $180.34 $0.00 $178.44 $31,917.79
124 $31,917.79 $180.34 $0.00 $180.47 $32,278.60
125 $32,278.60 $180.34 $0.00 $182.51 $32,641.45
126 $32,641.45 $180.34 $0.00 $184.56 $33,006.35
127 $33,006.35 $180.34 $0.00 $186.62 $33,373.31
128 $33,373.31 $180.34 $0.00 $188.70 $33,742.35
129 $33,742.35 $180.34 $0.00 $190.78 $34,113.47
130 $34,113.47 $180.34 $0.00 $192.88 $34,486.69
131 $34,486.69 $180.34 $0.00 $194.99 $34,862.02
132 $34,862.02 $180.34 $0.00 $197.11 $35,239.47
133 $35,239.47 $180.34 $0.00 $199.25 $35,619.06
134 $35,619.06 $180.34 $0.00 $201.40 $36,000.80
135 $36,000.80 $180.34 $0.00 $203.55 $36,384.69
136 $36,384.69 $180.34 $0.00 $205.72 $36,770.75
137 $36,770.75 $180.34 $0.00 $207.91 $37,159.00
138 $37,159.00 $180.34 $0.00 $210.10 $37,549.44
139 $37,549.44 $180.34 $0.00 $212.31 $37,942.09
140 $37,942.09 $180.34 $0.00 $214.53 $38,336.96
141 $38,336.96 $180.34 $0.00 $216.76 $38,734.06
142 $38,734.06 $180.34 $0.00 $219.01 $39,133.41
143 $39,133.41 $180.34 $0.00 $221.27 $39,535.02
144 $39,535.02 $180.34 $0.00 $223.54 $39,938.90
145 $39,938.90 $180.34 $0.00 $225.82 $40,345.06
146 $40,345.06 $180.34 $0.00 $228.12 $40,753.52
147 $40,753.52 $180.34 $0.00 $230.43 $41,164.29
148 $41,164.29 $180.34 $0.00 $232.75 $41,577.38
149 $41,577.38 $180.34 $0.00 $235.08 $41,992.80
150 $41,992.80 $180.34 $0.00 $237.43 $42,410.57
151 $42,410.57 $180.34 $0.00 $239.80 $42,830.71
152 $42,830.71 $180.34 $0.00 $242.17 $43,253.22
153 $43,253.22 $180.34 $0.00 $244.56 $43,678.12
154 $43,678.12 $180.34 $0.00 $246.96 $44,105.42
155 $44,105.42 $180.34 $0.00 $249.38 $44,535.14
156 $44,535.14 $180.34 $0.00 $251.81 $44,967.29
157 $44,967.29 $180.34 $0.00 $254.25 $45,401.88
158 $45,401.88 $180.34 $0.00 $256.71 $45,838.93
159 $45,838.93 $180.34 $0.00 $259.18 $46,278.45
160 $46,278.45 $180.34 $0.00 $261.67 $46,720.46
161 $46,720.46 $180.34 $0.00 $264.16 $47,164.96
162 $47,164.96 $180.34 $0.00 $266.68 $47,611.98
163 $47,611.98 $180.34 $0.00 $269.21 $48,061.53
164 $48,061.53 $180.34 $0.00 $271.75 $48,513.62
165 $48,513.62 $180.34 $0.00 $274.30 $48,968.26
166 $48,968.26 $180.34 $0.00 $276.87 $49,425.47
167 $49,425.47 $180.34 $0.00 $279.46 $49,885.27
168 $49,885.27 $180.34 $0.00 $282.06 $50,347.67
169 $50,347.67 $180.34 $0.00 $284.67 $50,812.68
170 $50,812.68 $180.34 $0.00 $287.30 $51,280.32
171 $51,280.32 $180.34 $0.00 $289.95 $51,750.61
172 $51,750.61 $180.34 $0.00 $292.61 $52,223.56
173 $52,223.56 $180.34 $0.00 $295.28 $52,699.18
174 $52,699.18 $180.34 $0.00 $297.97 $53,177.49
175 $53,177.49 $180.34 $0.00 $300.67 $53,658.50
176 $53,658.50 $180.34 $0.00 $303.39 $54,142.23
177 $54,142.23 $180.34 $0.00 $306.13 $54,628.70
178 $54,628.70 $180.34 $0.00 $308.88 $55,117.92
179 $55,117.92 $180.34 $0.00 $311.64 $55,609.90
180 $55,609.90 $180.34 $0.00 $314.43 $56,104.67
181 $56,104.67 $180.34 $0.00 $317.22 $56,602.23
182 $56,602.23 $180.34 $0.00 $320.04 $57,102.61
183 $57,102.61 $180.34 $0.00 $322.87 $57,605.82
184 $57,605.82 $180.34 $0.00 $325.71 $58,111.87
185 $58,111.87 $180.34 $0.00 $328.57 $58,620.78
186 $58,620.78 $180.34 $0.00 $331.45 $59,132.57
187 $59,132.57 $180.34 $0.00 $334.34 $59,647.25
188 $59,647.25 $180.34 $0.00 $337.25 $60,164.84
189 $60,164.84 $180.34 $0.00 $340.18 $60,685.36
190 $60,685.36 $180.34 $0.00 $343.12 $61,208.82
191 $61,208.82 $180.34 $0.00 $346.08 $61,735.24
192 $61,735.24 $180.34 $0.00 $349.06 $62,264.64
193 $62,264.64 $180.34 $0.00 $352.05 $62,797.03
194 $62,797.03 $180.34 $0.00 $355.06 $63,332.43
195 $63,332.43 $180.34 $0.00 $358.09 $63,870.86
196 $63,870.86 $180.34 $0.00 $361.14 $64,412.34
197 $64,412.34 $180.34 $0.00 $364.20 $64,956.88
198 $64,956.88 $180.34 $0.00 $367.28 $65,504.50
199 $65,504.50 $180.34 $0.00 $370.37 $66,055.21
200 $66,055.21 $180.34 $0.00 $373.49 $66,609.04
201 $66,609.04 $180.34 $0.00 $376.62 $67,166.00
202 $67,166.00 $180.34 $0.00 $379.77 $67,726.11
203 $67,726.11 $180.34 $0.00 $382.93 $68,289.38
204 $68,289.38 $180.34 $0.00 $386.12 $68,855.84
205 $68,855.84 $180.34 $0.00 $389.32 $69,425.50
206 $69,425.50 $180.34 $0.00 $392.54 $69,998.38
207 $69,998.38 $180.34 $0.00 $395.78 $70,574.50
208 $70,574.50 $180.34 $0.00 $399.04 $71,153.88
209 $71,153.88 $180.34 $0.00 $402.31 $71,736.53
210 $71,736.53 $180.34 $0.00 $405.61 $72,322.48
211 $72,322.48 $180.34 $0.00 $408.92 $72,911.74
212 $72,911.74 $180.34 $0.00 $412.25 $73,504.33
213 $73,504.33 $180.34 $0.00 $415.60 $74,100.27
214 $74,100.27 $180.34 $0.00 $418.97 $74,699.58
215 $74,699.58 $180.34 $0.00 $422.36 $75,302.28
216 $75,302.28 $180.34 $0.00 $425.77 $75,908.39
217 $75,908.39 $180.34 $39,588.89 $429.20 $36,929.04
218 $36,929.04 $180.34 $0.00 $208.80 $37,318.18
219 $37,318.18 $180.34 $0.00 $211.00 $37,709.52
220 $37,709.52 $180.34 $0.00 $213.22 $38,103.08
221 $38,103.08 $180.34 $0.00 $215.44 $38,498.86
222 $38,498.86 $180.34 $0.00 $217.68 $38,896.88
223 $38,896.88 $180.34 $0.00 $219.93 $39,297.15
224 $39,297.15 $180.34 $0.00 $222.19 $39,699.68
225 $39,699.68 $180.34 $0.00 $224.47 $40,104.49
226 $40,104.49 $180.34 $0.00 $226.76 $40,511.59
227 $40,511.59 $180.34 $0.00 $229.06 $40,920.99
228 $40,920.99 $180.34 $0.00 $231.37 $41,332.70
229 $41,332.70 $0.00 $41,568.33 $233.70 ($1.93)