Savings Plan and Future Cost Estimation for Charter College Anchorage

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$88,374
Monthly savings required$700

How much will it cost to send your child to Charter College Anchorage in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $353,495.66 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $699.55 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$34,079.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $699.55 $0.00 $0.00 $699.55
2 $699.55 $699.55 $0.00 $3.96 $1,403.06
3 $1,403.06 $699.55 $0.00 $7.93 $2,110.54
4 $2,110.54 $699.55 $0.00 $11.93 $2,822.02
5 $2,822.02 $699.55 $0.00 $15.96 $3,537.53
6 $3,537.53 $699.55 $0.00 $20.00 $4,257.08
7 $4,257.08 $699.55 $0.00 $24.07 $4,980.70
8 $4,980.70 $699.55 $0.00 $28.16 $5,708.41
9 $5,708.41 $699.55 $0.00 $32.28 $6,440.24
10 $6,440.24 $699.55 $0.00 $36.41 $7,176.20
11 $7,176.20 $699.55 $0.00 $40.58 $7,916.33
12 $7,916.33 $699.55 $0.00 $44.76 $8,660.64
13 $8,660.64 $699.55 $0.00 $48.97 $9,409.16
14 $9,409.16 $699.55 $0.00 $53.20 $10,161.91
15 $10,161.91 $699.55 $0.00 $57.46 $10,918.92
16 $10,918.92 $699.55 $0.00 $61.74 $11,680.21
17 $11,680.21 $699.55 $0.00 $66.04 $12,445.80
18 $12,445.80 $699.55 $0.00 $70.37 $13,215.72
19 $13,215.72 $699.55 $0.00 $74.72 $13,989.99
20 $13,989.99 $699.55 $0.00 $79.10 $14,768.64
21 $14,768.64 $699.55 $0.00 $83.50 $15,551.69
22 $15,551.69 $699.55 $0.00 $87.93 $16,339.17
23 $16,339.17 $699.55 $0.00 $92.38 $17,131.10
24 $17,131.10 $699.55 $0.00 $96.86 $17,927.51
25 $17,927.51 $699.55 $0.00 $101.36 $18,728.42
26 $18,728.42 $699.55 $0.00 $105.89 $19,533.86
27 $19,533.86 $699.55 $0.00 $110.45 $20,343.86
28 $20,343.86 $699.55 $0.00 $115.03 $21,158.44
29 $21,158.44 $699.55 $0.00 $119.63 $21,977.62
30 $21,977.62 $699.55 $0.00 $124.26 $22,801.43
31 $22,801.43 $699.55 $0.00 $128.92 $23,629.90
32 $23,629.90 $699.55 $0.00 $133.61 $24,463.06
33 $24,463.06 $699.55 $0.00 $138.32 $25,300.93
34 $25,300.93 $699.55 $0.00 $143.06 $26,143.54
35 $26,143.54 $699.55 $0.00 $147.82 $26,990.91
36 $26,990.91 $699.55 $0.00 $152.61 $27,843.07
37 $27,843.07 $699.55 $0.00 $157.43 $28,700.05
38 $28,700.05 $699.55 $0.00 $162.27 $29,561.87
39 $29,561.87 $699.55 $0.00 $167.15 $30,428.57
40 $30,428.57 $699.55 $0.00 $172.05 $31,300.17
41 $31,300.17 $699.55 $0.00 $176.98 $32,176.70
42 $32,176.70 $699.55 $0.00 $181.93 $33,058.18
43 $33,058.18 $699.55 $0.00 $186.92 $33,944.65
44 $33,944.65 $699.55 $0.00 $191.93 $34,836.13
45 $34,836.13 $699.55 $0.00 $196.97 $35,732.65
46 $35,732.65 $699.55 $0.00 $202.04 $36,634.24
47 $36,634.24 $699.55 $0.00 $207.14 $37,540.93
48 $37,540.93 $699.55 $0.00 $212.26 $38,452.74
49 $38,452.74 $699.55 $0.00 $217.42 $39,369.71
50 $39,369.71 $699.55 $0.00 $222.60 $40,291.86
51 $40,291.86 $699.55 $0.00 $227.82 $41,219.23
52 $41,219.23 $699.55 $0.00 $233.06 $42,151.84
53 $42,151.84 $699.55 $0.00 $238.33 $43,089.72
54 $43,089.72 $699.55 $0.00 $243.64 $44,032.91
55 $44,032.91 $699.55 $0.00 $248.97 $44,981.43
56 $44,981.43 $699.55 $0.00 $254.33 $45,935.31
57 $45,935.31 $699.55 $0.00 $259.72 $46,894.58
58 $46,894.58 $699.55 $0.00 $265.15 $47,859.28
59 $47,859.28 $699.55 $0.00 $270.60 $48,829.43
60 $48,829.43 $699.55 $0.00 $276.09 $49,805.07
61 $49,805.07 $699.55 $0.00 $281.61 $50,786.23
62 $50,786.23 $699.55 $0.00 $287.15 $51,772.93
63 $51,772.93 $699.55 $0.00 $292.73 $52,765.21
64 $52,765.21 $699.55 $0.00 $298.34 $53,763.10
65 $53,763.10 $699.55 $0.00 $303.98 $54,766.63
66 $54,766.63 $699.55 $0.00 $309.66 $55,775.84
67 $55,775.84 $699.55 $0.00 $315.36 $56,790.75
68 $56,790.75 $699.55 $0.00 $321.10 $57,811.40
69 $57,811.40 $699.55 $0.00 $326.87 $58,837.82
70 $58,837.82 $699.55 $0.00 $332.68 $59,870.05
71 $59,870.05 $699.55 $0.00 $338.51 $60,908.11
72 $60,908.11 $699.55 $0.00 $344.38 $61,952.04
73 $61,952.04 $699.55 $0.00 $350.29 $63,001.88
74 $63,001.88 $699.55 $0.00 $356.22 $64,057.65
75 $64,057.65 $699.55 $0.00 $362.19 $65,119.39
76 $65,119.39 $699.55 $0.00 $368.19 $66,187.13
77 $66,187.13 $699.55 $0.00 $374.23 $67,260.91
78 $67,260.91 $699.55 $0.00 $380.30 $68,340.76
79 $68,340.76 $699.55 $0.00 $386.41 $69,426.72
80 $69,426.72 $699.55 $0.00 $392.55 $70,518.82
81 $70,518.82 $699.55 $0.00 $398.72 $71,617.09
82 $71,617.09 $699.55 $0.00 $404.93 $72,721.57
83 $72,721.57 $699.55 $0.00 $411.18 $73,832.30
84 $73,832.30 $699.55 $0.00 $417.46 $74,949.31
85 $74,949.31 $699.55 $0.00 $423.77 $76,072.63
86 $76,072.63 $699.55 $0.00 $430.13 $77,202.31
87 $77,202.31 $699.55 $0.00 $436.51 $78,338.37
88 $78,338.37 $699.55 $0.00 $442.94 $79,480.86
89 $79,480.86 $699.55 $0.00 $449.40 $80,629.81
90 $80,629.81 $699.55 $0.00 $455.89 $81,785.25
91 $81,785.25 $699.55 $0.00 $462.43 $82,947.23
92 $82,947.23 $699.55 $0.00 $469.00 $84,115.78
93 $84,115.78 $699.55 $0.00 $475.60 $85,290.93
94 $85,290.93 $699.55 $0.00 $482.25 $86,472.73
95 $86,472.73 $699.55 $0.00 $488.93 $87,661.21
96 $87,661.21 $699.55 $0.00 $495.65 $88,856.41
97 $88,856.41 $699.55 $0.00 $502.41 $90,058.37
98 $90,058.37 $699.55 $0.00 $509.20 $91,267.12
99 $91,267.12 $699.55 $0.00 $516.04 $92,482.71
100 $92,482.71 $699.55 $0.00 $522.91 $93,705.17
101 $93,705.17 $699.55 $0.00 $529.82 $94,934.54
102 $94,934.54 $699.55 $0.00 $536.77 $96,170.86
103 $96,170.86 $699.55 $0.00 $543.76 $97,414.17
104 $97,414.17 $699.55 $0.00 $550.79 $98,664.51
105 $98,664.51 $699.55 $0.00 $557.86 $99,921.92
106 $99,921.92 $699.55 $0.00 $564.97 $101,186.44
107 $101,186.44 $699.55 $0.00 $572.12 $102,458.11
108 $102,458.11 $699.55 $0.00 $579.31 $103,736.97
109 $103,736.97 $699.55 $0.00 $586.54 $105,023.06
110 $105,023.06 $699.55 $0.00 $593.82 $106,316.43
111 $106,316.43 $699.55 $0.00 $601.13 $107,617.11
112 $107,617.11 $699.55 $0.00 $608.48 $108,925.14
113 $108,925.14 $699.55 $0.00 $615.88 $110,240.57
114 $110,240.57 $699.55 $0.00 $623.32 $111,563.44
115 $111,563.44 $699.55 $0.00 $630.80 $112,893.79
116 $112,893.79 $699.55 $0.00 $638.32 $114,231.66
117 $114,231.66 $699.55 $0.00 $645.88 $115,577.09
118 $115,577.09 $699.55 $0.00 $653.49 $116,930.13
119 $116,930.13 $699.55 $0.00 $661.14 $118,290.82
120 $118,290.82 $699.55 $0.00 $668.83 $119,659.20
121 $119,659.20 $699.55 $0.00 $676.57 $121,035.32
122 $121,035.32 $699.55 $0.00 $684.35 $122,419.22
123 $122,419.22 $699.55 $0.00 $692.18 $123,810.95
124 $123,810.95 $699.55 $0.00 $700.05 $125,210.55
125 $125,210.55 $699.55 $0.00 $707.96 $126,618.06
126 $126,618.06 $699.55 $0.00 $715.92 $128,033.53
127 $128,033.53 $699.55 $0.00 $723.92 $129,457.00
128 $129,457.00 $699.55 $0.00 $731.97 $130,888.52
129 $130,888.52 $699.55 $0.00 $740.06 $132,328.13
130 $132,328.13 $699.55 $0.00 $748.20 $133,775.88
131 $133,775.88 $699.55 $0.00 $756.39 $135,231.82
132 $135,231.82 $699.55 $0.00 $764.62 $136,695.99
133 $136,695.99 $699.55 $0.00 $772.90 $138,168.44
134 $138,168.44 $699.55 $0.00 $781.22 $139,649.21
135 $139,649.21 $699.55 $0.00 $789.60 $141,138.36
136 $141,138.36 $699.55 $0.00 $798.02 $142,635.93
137 $142,635.93 $699.55 $0.00 $806.48 $144,141.96
138 $144,141.96 $699.55 $0.00 $815.00 $145,656.51
139 $145,656.51 $699.55 $0.00 $823.56 $147,179.62
140 $147,179.62 $699.55 $0.00 $832.17 $148,711.34
141 $148,711.34 $699.55 $0.00 $840.84 $150,251.73
142 $150,251.73 $699.55 $0.00 $849.55 $151,800.83
143 $151,800.83 $699.55 $0.00 $858.30 $153,358.68
144 $153,358.68 $699.55 $0.00 $867.11 $154,925.34
145 $154,925.34 $699.55 $0.00 $875.97 $156,500.86
146 $156,500.86 $699.55 $0.00 $884.88 $158,085.29
147 $158,085.29 $699.55 $0.00 $893.84 $159,678.68
148 $159,678.68 $699.55 $0.00 $902.85 $161,281.08
149 $161,281.08 $699.55 $0.00 $911.91 $162,892.54
150 $162,892.54 $699.55 $0.00 $921.02 $164,513.11
151 $164,513.11 $699.55 $0.00 $930.18 $166,142.84
152 $166,142.84 $699.55 $0.00 $939.40 $167,781.79
153 $167,781.79 $699.55 $0.00 $948.66 $169,430.00
154 $169,430.00 $699.55 $0.00 $957.98 $171,087.53
155 $171,087.53 $699.55 $0.00 $967.35 $172,754.43
156 $172,754.43 $699.55 $0.00 $976.78 $174,430.76
157 $174,430.76 $699.55 $0.00 $986.26 $176,116.57
158 $176,116.57 $699.55 $0.00 $995.79 $177,811.91
159 $177,811.91 $699.55 $0.00 $1,005.37 $179,516.83
160 $179,516.83 $699.55 $0.00 $1,015.01 $181,231.39
161 $181,231.39 $699.55 $0.00 $1,024.71 $182,955.65
162 $182,955.65 $699.55 $0.00 $1,034.46 $184,689.66
163 $184,689.66 $699.55 $0.00 $1,044.26 $186,433.47
164 $186,433.47 $699.55 $0.00 $1,054.12 $188,187.14
165 $188,187.14 $699.55 $0.00 $1,064.04 $189,950.73
166 $189,950.73 $699.55 $0.00 $1,074.01 $191,724.29
167 $191,724.29 $699.55 $0.00 $1,084.04 $193,507.88
168 $193,507.88 $699.55 $0.00 $1,094.12 $195,301.55
169 $195,301.55 $699.55 $0.00 $1,104.26 $197,105.36
170 $197,105.36 $699.55 $0.00 $1,114.46 $198,919.37
171 $198,919.37 $699.55 $0.00 $1,124.72 $200,743.64
172 $200,743.64 $699.55 $0.00 $1,135.03 $202,578.22
173 $202,578.22 $699.55 $0.00 $1,145.41 $204,423.18
174 $204,423.18 $699.55 $0.00 $1,155.84 $206,278.57
175 $206,278.57 $699.55 $0.00 $1,166.33 $208,144.45
176 $208,144.45 $699.55 $0.00 $1,176.88 $210,020.88
177 $210,020.88 $699.55 $0.00 $1,187.49 $211,907.92
178 $211,907.92 $699.55 $0.00 $1,198.16 $213,805.63
179 $213,805.63 $699.55 $0.00 $1,208.89 $215,714.07
180 $215,714.07 $699.55 $0.00 $1,219.68 $217,633.30
181 $217,633.30 $699.55 $0.00 $1,230.53 $219,563.38
182 $219,563.38 $699.55 $0.00 $1,241.44 $221,504.37
183 $221,504.37 $699.55 $0.00 $1,252.42 $223,456.34
184 $223,456.34 $699.55 $0.00 $1,263.45 $225,419.34
185 $225,419.34 $699.55 $0.00 $1,274.55 $227,393.44
186 $227,393.44 $699.55 $0.00 $1,285.72 $229,378.71
187 $229,378.71 $699.55 $0.00 $1,296.94 $231,375.20
188 $231,375.20 $699.55 $0.00 $1,308.23 $233,382.98
189 $233,382.98 $699.55 $0.00 $1,319.58 $235,402.11
190 $235,402.11 $699.55 $0.00 $1,331.00 $237,432.66
191 $237,432.66 $699.55 $0.00 $1,342.48 $239,474.69
192 $239,474.69 $699.55 $0.00 $1,354.02 $241,528.26
193 $241,528.26 $699.55 $0.00 $1,365.64 $243,593.45
194 $243,593.45 $699.55 $0.00 $1,377.31 $245,670.31
195 $245,670.31 $699.55 $0.00 $1,389.06 $247,758.92
196 $247,758.92 $699.55 $0.00 $1,400.86 $249,859.33
197 $249,859.33 $699.55 $0.00 $1,412.74 $251,971.62
198 $251,971.62 $699.55 $0.00 $1,424.68 $254,095.85
199 $254,095.85 $699.55 $0.00 $1,436.69 $256,232.09
200 $256,232.09 $699.55 $0.00 $1,448.77 $258,380.41
201 $258,380.41 $699.55 $0.00 $1,460.92 $260,540.88
202 $260,540.88 $699.55 $0.00 $1,473.14 $262,713.57
203 $262,713.57 $699.55 $0.00 $1,485.42 $264,898.54
204 $264,898.54 $699.55 $0.00 $1,497.77 $267,095.86
205 $267,095.86 $699.55 $0.00 $1,510.20 $269,305.61
206 $269,305.61 $699.55 $0.00 $1,522.69 $271,527.85
207 $271,527.85 $699.55 $0.00 $1,535.26 $273,762.66
208 $273,762.66 $699.55 $0.00 $1,547.89 $276,010.10
209 $276,010.10 $699.55 $0.00 $1,560.60 $278,270.25
210 $278,270.25 $699.55 $0.00 $1,573.38 $280,543.18
211 $280,543.18 $699.55 $0.00 $1,586.23 $282,828.96
212 $282,828.96 $699.55 $0.00 $1,599.16 $285,127.67
213 $285,127.67 $699.55 $0.00 $1,612.15 $287,439.37
214 $287,439.37 $699.55 $0.00 $1,625.22 $289,764.14
215 $289,764.14 $699.55 $0.00 $1,638.37 $292,102.06
216 $292,102.06 $699.55 $0.00 $1,651.59 $294,453.20
217 $294,453.20 $699.55 $82,015.18 $1,664.88 $214,802.45
218 $214,802.45 $699.55 $0.00 $1,214.52 $216,716.52
219 $216,716.52 $699.55 $0.00 $1,225.35 $218,641.42
220 $218,641.42 $699.55 $0.00 $1,236.23 $220,577.20
221 $220,577.20 $699.55 $0.00 $1,247.18 $222,523.93
222 $222,523.93 $699.55 $0.00 $1,258.18 $224,481.66
223 $224,481.66 $699.55 $0.00 $1,269.25 $226,450.46
224 $226,450.46 $699.55 $0.00 $1,280.38 $228,430.39
225 $228,430.39 $699.55 $0.00 $1,291.58 $230,421.52
226 $230,421.52 $699.55 $0.00 $1,302.84 $232,423.91
227 $232,423.91 $699.55 $0.00 $1,314.16 $234,437.62
228 $234,437.62 $699.55 $0.00 $1,325.54 $236,462.71
229 $236,462.71 $699.55 $86,115.94 $1,336.99 $152,383.31
230 $152,383.31 $699.55 $0.00 $861.60 $153,944.46
231 $153,944.46 $699.55 $0.00 $870.42 $155,514.43
232 $155,514.43 $699.55 $0.00 $879.30 $157,093.28
233 $157,093.28 $699.55 $0.00 $888.23 $158,681.06
234 $158,681.06 $699.55 $0.00 $897.21 $160,277.82
235 $160,277.82 $699.55 $0.00 $906.23 $161,883.60
236 $161,883.60 $699.55 $0.00 $915.31 $163,498.46
237 $163,498.46 $699.55 $0.00 $924.44 $165,122.45
238 $165,122.45 $699.55 $0.00 $933.63 $166,755.63
239 $166,755.63 $699.55 $0.00 $942.86 $168,398.04
240 $168,398.04 $699.55 $0.00 $952.15 $170,049.74
241 $170,049.74 $699.55 $90,421.73 $961.49 $81,289.05
242 $81,289.05 $699.55 $0.00 $459.62 $82,448.22
243 $82,448.22 $699.55 $0.00 $466.17 $83,613.94
244 $83,613.94 $699.55 $0.00 $472.77 $84,786.26
245 $84,786.26 $699.55 $0.00 $479.39 $85,965.20
246 $85,965.20 $699.55 $0.00 $486.06 $87,150.81
247 $87,150.81 $699.55 $0.00 $492.76 $88,343.12
248 $88,343.12 $699.55 $0.00 $499.50 $89,542.17
249 $89,542.17 $699.55 $0.00 $506.28 $90,748.00
250 $90,748.00 $699.55 $0.00 $513.10 $91,960.65
251 $91,960.65 $699.55 $0.00 $519.96 $93,180.16
252 $93,180.16 $699.55 $0.00 $526.85 $94,406.56
253 $94,406.56 $0.00 $94,942.82 $533.79 ($2.47)