Savings Plan and Future Cost Estimation for Phoenix College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$51,255
Monthly savings required$228

How much will it cost to send your child to Phoenix College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $102,509.71 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $227.79 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$20,778.00
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 $227.79 $0.00 $0.00 $227.79
2 $227.79 $227.79 $0.00 $1.29 $456.87
3 $456.87 $227.79 $0.00 $2.58 $687.24
4 $687.24 $227.79 $0.00 $3.89 $918.92
5 $918.92 $227.79 $0.00 $5.20 $1,151.91
6 $1,151.91 $227.79 $0.00 $6.51 $1,386.21
7 $1,386.21 $227.79 $0.00 $7.84 $1,621.84
8 $1,621.84 $227.79 $0.00 $9.17 $1,858.80
9 $1,858.80 $227.79 $0.00 $10.51 $2,097.10
10 $2,097.10 $227.79 $0.00 $11.86 $2,336.75
11 $2,336.75 $227.79 $0.00 $13.21 $2,577.75
12 $2,577.75 $227.79 $0.00 $14.57 $2,820.11
13 $2,820.11 $227.79 $0.00 $15.95 $3,063.85
14 $3,063.85 $227.79 $0.00 $17.32 $3,308.96
15 $3,308.96 $227.79 $0.00 $18.71 $3,555.46
16 $3,555.46 $227.79 $0.00 $20.10 $3,803.35
17 $3,803.35 $227.79 $0.00 $21.50 $4,052.64
18 $4,052.64 $227.79 $0.00 $22.91 $4,303.34
19 $4,303.34 $227.79 $0.00 $24.33 $4,555.46
20 $4,555.46 $227.79 $0.00 $25.76 $4,809.01
21 $4,809.01 $227.79 $0.00 $27.19 $5,063.99
22 $5,063.99 $227.79 $0.00 $28.63 $5,320.41
23 $5,320.41 $227.79 $0.00 $30.08 $5,578.28
24 $5,578.28 $227.79 $0.00 $31.54 $5,837.61
25 $5,837.61 $227.79 $0.00 $33.01 $6,098.41
26 $6,098.41 $227.79 $0.00 $34.48 $6,360.68
27 $6,360.68 $227.79 $0.00 $35.96 $6,624.43
28 $6,624.43 $227.79 $0.00 $37.46 $6,889.68
29 $6,889.68 $227.79 $0.00 $38.96 $7,156.43
30 $7,156.43 $227.79 $0.00 $40.46 $7,424.68
31 $7,424.68 $227.79 $0.00 $41.98 $7,694.45
32 $7,694.45 $227.79 $0.00 $43.51 $7,965.75
33 $7,965.75 $227.79 $0.00 $45.04 $8,238.58
34 $8,238.58 $227.79 $0.00 $46.58 $8,512.95
35 $8,512.95 $227.79 $0.00 $48.13 $8,788.87
36 $8,788.87 $227.79 $0.00 $49.69 $9,066.35
37 $9,066.35 $227.79 $0.00 $51.26 $9,345.40
38 $9,345.40 $227.79 $0.00 $52.84 $9,626.03
39 $9,626.03 $227.79 $0.00 $54.43 $9,908.25
40 $9,908.25 $227.79 $0.00 $56.02 $10,192.06
41 $10,192.06 $227.79 $0.00 $57.63 $10,477.48
42 $10,477.48 $227.79 $0.00 $59.24 $10,764.51
43 $10,764.51 $227.79 $0.00 $60.86 $11,053.16
44 $11,053.16 $227.79 $0.00 $62.50 $11,343.45
45 $11,343.45 $227.79 $0.00 $64.14 $11,635.38
46 $11,635.38 $227.79 $0.00 $65.79 $11,928.96
47 $11,928.96 $227.79 $0.00 $67.45 $12,224.20
48 $12,224.20 $227.79 $0.00 $69.12 $12,521.11
49 $12,521.11 $227.79 $0.00 $70.80 $12,819.70
50 $12,819.70 $227.79 $0.00 $72.48 $13,119.97
51 $13,119.97 $227.79 $0.00 $74.18 $13,421.94
52 $13,421.94 $227.79 $0.00 $75.89 $13,725.62
53 $13,725.62 $227.79 $0.00 $77.61 $14,031.02
54 $14,031.02 $227.79 $0.00 $79.33 $14,338.14
55 $14,338.14 $227.79 $0.00 $81.07 $14,647.00
56 $14,647.00 $227.79 $0.00 $82.82 $14,957.61
57 $14,957.61 $227.79 $0.00 $84.57 $15,269.97
58 $15,269.97 $227.79 $0.00 $86.34 $15,584.10
59 $15,584.10 $227.79 $0.00 $88.11 $15,900.00
60 $15,900.00 $227.79 $0.00 $89.90 $16,217.69
61 $16,217.69 $227.79 $0.00 $91.70 $16,537.18
62 $16,537.18 $227.79 $0.00 $93.50 $16,858.47
63 $16,858.47 $227.79 $0.00 $95.32 $17,181.58
64 $17,181.58 $227.79 $0.00 $97.15 $17,506.52
65 $17,506.52 $227.79 $0.00 $98.98 $17,833.29
66 $17,833.29 $227.79 $0.00 $100.83 $18,161.91
67 $18,161.91 $227.79 $0.00 $102.69 $18,492.39
68 $18,492.39 $227.79 $0.00 $104.56 $18,824.74
69 $18,824.74 $227.79 $0.00 $106.44 $19,158.97
70 $19,158.97 $227.79 $0.00 $108.33 $19,495.09
71 $19,495.09 $227.79 $0.00 $110.23 $19,833.11
72 $19,833.11 $227.79 $0.00 $112.14 $20,173.04
73 $20,173.04 $227.79 $0.00 $114.06 $20,514.89
74 $20,514.89 $227.79 $0.00 $115.99 $20,858.67
75 $20,858.67 $227.79 $0.00 $117.94 $21,204.40
76 $21,204.40 $227.79 $0.00 $119.89 $21,552.08
77 $21,552.08 $227.79 $0.00 $121.86 $21,901.73
78 $21,901.73 $227.79 $0.00 $123.84 $22,253.36
79 $22,253.36 $227.79 $0.00 $125.82 $22,606.97
80 $22,606.97 $227.79 $0.00 $127.82 $22,962.58
81 $22,962.58 $227.79 $0.00 $129.83 $23,320.20
82 $23,320.20 $227.79 $0.00 $131.86 $23,679.85
83 $23,679.85 $227.79 $0.00 $133.89 $24,041.53
84 $24,041.53 $227.79 $0.00 $135.93 $24,405.25
85 $24,405.25 $227.79 $0.00 $137.99 $24,771.03
86 $24,771.03 $227.79 $0.00 $140.06 $25,138.88
87 $25,138.88 $227.79 $0.00 $142.14 $25,508.81
88 $25,508.81 $227.79 $0.00 $144.23 $25,880.83
89 $25,880.83 $227.79 $0.00 $146.33 $26,254.95
90 $26,254.95 $227.79 $0.00 $148.45 $26,631.19
91 $26,631.19 $227.79 $0.00 $150.58 $27,009.56
92 $27,009.56 $227.79 $0.00 $152.72 $27,390.07
93 $27,390.07 $227.79 $0.00 $154.87 $27,772.73
94 $27,772.73 $227.79 $0.00 $157.03 $28,157.55
95 $28,157.55 $227.79 $0.00 $159.21 $28,544.55
96 $28,544.55 $227.79 $0.00 $161.40 $28,933.74
97 $28,933.74 $227.79 $0.00 $163.60 $29,325.13
98 $29,325.13 $227.79 $0.00 $165.81 $29,718.73
99 $29,718.73 $227.79 $0.00 $168.03 $30,114.55
100 $30,114.55 $227.79 $0.00 $170.27 $30,512.61
101 $30,512.61 $227.79 $0.00 $172.52 $30,912.92
102 $30,912.92 $227.79 $0.00 $174.79 $31,315.50
103 $31,315.50 $227.79 $0.00 $177.06 $31,720.35
104 $31,720.35 $227.79 $0.00 $179.35 $32,127.49
105 $32,127.49 $227.79 $0.00 $181.65 $32,536.93
106 $32,536.93 $227.79 $0.00 $183.97 $32,948.69
107 $32,948.69 $227.79 $0.00 $186.30 $33,362.78
108 $33,362.78 $227.79 $0.00 $188.64 $33,779.21
109 $33,779.21 $227.79 $0.00 $190.99 $34,197.99
110 $34,197.99 $227.79 $0.00 $193.36 $34,619.14
111 $34,619.14 $227.79 $0.00 $195.74 $35,042.67
112 $35,042.67 $227.79 $0.00 $198.14 $35,468.60
113 $35,468.60 $227.79 $0.00 $200.54 $35,896.93
114 $35,896.93 $227.79 $0.00 $202.97 $36,327.69
115 $36,327.69 $227.79 $0.00 $205.40 $36,760.88
116 $36,760.88 $227.79 $0.00 $207.85 $37,196.52
117 $37,196.52 $227.79 $0.00 $210.31 $37,634.62
118 $37,634.62 $227.79 $0.00 $212.79 $38,075.20
119 $38,075.20 $227.79 $0.00 $215.28 $38,518.27
120 $38,518.27 $227.79 $0.00 $217.79 $38,963.85
121 $38,963.85 $227.79 $0.00 $220.31 $39,411.95
122 $39,411.95 $227.79 $0.00 $222.84 $39,862.58
123 $39,862.58 $227.79 $0.00 $225.39 $40,315.76
124 $40,315.76 $227.79 $0.00 $227.95 $40,771.50
125 $40,771.50 $227.79 $0.00 $230.53 $41,229.82
126 $41,229.82 $227.79 $0.00 $233.12 $41,690.73
127 $41,690.73 $227.79 $0.00 $235.73 $42,154.25
128 $42,154.25 $227.79 $0.00 $238.35 $42,620.39
129 $42,620.39 $227.79 $0.00 $240.98 $43,089.16
130 $43,089.16 $227.79 $0.00 $243.63 $43,560.58
131 $43,560.58 $227.79 $0.00 $246.30 $44,034.67
132 $44,034.67 $227.79 $0.00 $248.98 $44,511.44
133 $44,511.44 $227.79 $0.00 $251.67 $44,990.90
134 $44,990.90 $227.79 $0.00 $254.39 $45,473.08
135 $45,473.08 $227.79 $0.00 $257.11 $45,957.98
136 $45,957.98 $227.79 $0.00 $259.85 $46,445.62
137 $46,445.62 $227.79 $0.00 $262.61 $46,936.02
138 $46,936.02 $227.79 $0.00 $265.38 $47,429.19
139 $47,429.19 $227.79 $0.00 $268.17 $47,925.15
140 $47,925.15 $227.79 $0.00 $270.98 $48,423.92
141 $48,423.92 $227.79 $0.00 $273.80 $48,925.51
142 $48,925.51 $227.79 $0.00 $276.63 $49,429.93
143 $49,429.93 $227.79 $0.00 $279.48 $49,937.20
144 $49,937.20 $227.79 $0.00 $282.35 $50,447.34
145 $50,447.34 $227.79 $0.00 $285.24 $50,960.37
146 $50,960.37 $227.79 $0.00 $288.14 $51,476.30
147 $51,476.30 $227.79 $0.00 $291.05 $51,995.14
148 $51,995.14 $227.79 $0.00 $293.99 $52,516.92
149 $52,516.92 $227.79 $0.00 $296.94 $53,041.65
150 $53,041.65 $227.79 $0.00 $299.91 $53,569.35
151 $53,569.35 $227.79 $0.00 $302.89 $54,100.03
152 $54,100.03 $227.79 $0.00 $305.89 $54,633.71
153 $54,633.71 $227.79 $0.00 $308.91 $55,170.41
154 $55,170.41 $227.79 $0.00 $311.94 $55,710.14
155 $55,710.14 $227.79 $0.00 $314.99 $56,252.92
156 $56,252.92 $227.79 $0.00 $318.06 $56,798.77
157 $56,798.77 $227.79 $0.00 $321.15 $57,347.71
158 $57,347.71 $227.79 $0.00 $324.25 $57,899.75
159 $57,899.75 $227.79 $0.00 $327.37 $58,454.91
160 $58,454.91 $227.79 $0.00 $330.51 $59,013.21
161 $59,013.21 $227.79 $0.00 $333.67 $59,574.67
162 $59,574.67 $227.79 $0.00 $336.84 $60,139.30
163 $60,139.30 $227.79 $0.00 $340.04 $60,707.13
164 $60,707.13 $227.79 $0.00 $343.25 $61,278.17
165 $61,278.17 $227.79 $0.00 $346.48 $61,852.44
166 $61,852.44 $227.79 $0.00 $349.72 $62,429.95
167 $62,429.95 $227.79 $0.00 $352.99 $63,010.73
168 $63,010.73 $227.79 $0.00 $356.27 $63,594.79
169 $63,594.79 $227.79 $0.00 $359.57 $64,182.15
170 $64,182.15 $227.79 $0.00 $362.90 $64,772.84
171 $64,772.84 $227.79 $0.00 $366.24 $65,366.87
172 $65,366.87 $227.79 $0.00 $369.59 $65,964.25
173 $65,964.25 $227.79 $0.00 $372.97 $66,565.01
174 $66,565.01 $227.79 $0.00 $376.37 $67,169.17
175 $67,169.17 $227.79 $0.00 $379.78 $67,776.74
176 $67,776.74 $227.79 $0.00 $383.22 $68,387.75
177 $68,387.75 $227.79 $0.00 $386.67 $69,002.21
178 $69,002.21 $227.79 $0.00 $390.15 $69,620.15
179 $69,620.15 $227.79 $0.00 $393.64 $70,241.58
180 $70,241.58 $227.79 $0.00 $397.16 $70,866.53
181 $70,866.53 $227.79 $0.00 $400.69 $71,495.01
182 $71,495.01 $227.79 $0.00 $404.24 $72,127.04
183 $72,127.04 $227.79 $0.00 $407.82 $72,762.65
184 $72,762.65 $227.79 $0.00 $411.41 $73,401.85
185 $73,401.85 $227.79 $0.00 $415.02 $74,044.66
186 $74,044.66 $227.79 $0.00 $418.66 $74,691.11
187 $74,691.11 $227.79 $0.00 $422.31 $75,341.21
188 $75,341.21 $227.79 $0.00 $425.99 $75,994.99
189 $75,994.99 $227.79 $0.00 $429.69 $76,652.47
190 $76,652.47 $227.79 $0.00 $433.40 $77,313.66
191 $77,313.66 $227.79 $0.00 $437.14 $77,978.59
192 $77,978.59 $227.79 $0.00 $440.90 $78,647.28
193 $78,647.28 $227.79 $0.00 $444.68 $79,319.75
194 $79,319.75 $227.79 $0.00 $448.49 $79,996.03
195 $79,996.03 $227.79 $0.00 $452.31 $80,676.13
196 $80,676.13 $227.79 $0.00 $456.15 $81,360.07
197 $81,360.07 $227.79 $0.00 $460.02 $82,047.88
198 $82,047.88 $227.79 $0.00 $463.91 $82,739.58
199 $82,739.58 $227.79 $0.00 $467.82 $83,435.19
200 $83,435.19 $227.79 $0.00 $471.75 $84,134.73
201 $84,134.73 $227.79 $0.00 $475.71 $84,838.23
202 $84,838.23 $227.79 $0.00 $479.69 $85,545.71
203 $85,545.71 $227.79 $0.00 $483.69 $86,257.19
204 $86,257.19 $227.79 $0.00 $487.71 $86,972.69
205 $86,972.69 $227.79 $0.00 $491.76 $87,692.24
206 $87,692.24 $227.79 $0.00 $495.82 $88,415.85
207 $88,415.85 $227.79 $0.00 $499.92 $89,143.56
208 $89,143.56 $227.79 $0.00 $504.03 $89,875.38
209 $89,875.38 $227.79 $0.00 $508.17 $90,611.34
210 $90,611.34 $227.79 $0.00 $512.33 $91,351.46
211 $91,351.46 $227.79 $0.00 $516.51 $92,095.76
212 $92,095.76 $227.79 $0.00 $520.72 $92,844.27
213 $92,844.27 $227.79 $0.00 $524.96 $93,597.02
214 $93,597.02 $227.79 $0.00 $529.21 $94,354.02
215 $94,354.02 $227.79 $0.00 $533.49 $95,115.30
216 $95,115.30 $227.79 $0.00 $537.80 $95,880.89
217 $95,880.89 $227.79 $50,004.73 $542.12 $46,646.07
218 $46,646.07 $227.79 $0.00 $263.74 $47,137.60
219 $47,137.60 $227.79 $0.00 $266.52 $47,631.91
220 $47,631.91 $227.79 $0.00 $269.32 $48,129.02
221 $48,129.02 $227.79 $0.00 $272.13 $48,628.94
222 $48,628.94 $227.79 $0.00 $274.96 $49,131.69
223 $49,131.69 $227.79 $0.00 $277.80 $49,637.28
224 $49,637.28 $227.79 $0.00 $280.66 $50,145.73
225 $50,145.73 $227.79 $0.00 $283.53 $50,657.05
226 $50,657.05 $227.79 $0.00 $286.42 $51,171.26
227 $51,171.26 $227.79 $0.00 $289.33 $51,688.38
228 $51,688.38 $227.79 $0.00 $292.25 $52,208.42
229 $52,208.42 $0.00 $52,504.97 $295.19 ($1.36)