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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$74,514
Monthly savings required$331

How much will it cost to send your child to Remington College Little Rock Campus in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $149,028.33 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $331.17 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$30,207.00
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 $331.17 $0.00 $0.00 $331.17
2 $331.17 $331.17 $0.00 $1.87 $664.21
3 $664.21 $331.17 $0.00 $3.76 $999.14
4 $999.14 $331.17 $0.00 $5.65 $1,335.96
5 $1,335.96 $331.17 $0.00 $7.55 $1,674.68
6 $1,674.68 $331.17 $0.00 $9.47 $2,015.32
7 $2,015.32 $331.17 $0.00 $11.39 $2,357.88
8 $2,357.88 $331.17 $0.00 $13.33 $2,702.38
9 $2,702.38 $331.17 $0.00 $15.28 $3,048.83
10 $3,048.83 $331.17 $0.00 $17.24 $3,397.24
11 $3,397.24 $331.17 $0.00 $19.21 $3,747.62
12 $3,747.62 $331.17 $0.00 $21.19 $4,099.98
13 $4,099.98 $331.17 $0.00 $23.18 $4,454.33
14 $4,454.33 $331.17 $0.00 $25.19 $4,810.69
15 $4,810.69 $331.17 $0.00 $27.20 $5,169.06
16 $5,169.06 $331.17 $0.00 $29.23 $5,529.46
17 $5,529.46 $331.17 $0.00 $31.26 $5,891.89
18 $5,891.89 $331.17 $0.00 $33.31 $6,256.37
19 $6,256.37 $331.17 $0.00 $35.37 $6,622.91
20 $6,622.91 $331.17 $0.00 $37.45 $6,991.53
21 $6,991.53 $331.17 $0.00 $39.53 $7,362.23
22 $7,362.23 $331.17 $0.00 $41.63 $7,735.03
23 $7,735.03 $331.17 $0.00 $43.73 $8,109.93
24 $8,109.93 $331.17 $0.00 $45.85 $8,486.95
25 $8,486.95 $331.17 $0.00 $47.99 $8,866.11
26 $8,866.11 $331.17 $0.00 $50.13 $9,247.41
27 $9,247.41 $331.17 $0.00 $52.29 $9,630.87
28 $9,630.87 $331.17 $0.00 $54.45 $10,016.49
29 $10,016.49 $331.17 $0.00 $56.63 $10,404.29
30 $10,404.29 $331.17 $0.00 $58.83 $10,794.29
31 $10,794.29 $331.17 $0.00 $61.03 $11,186.49
32 $11,186.49 $331.17 $0.00 $63.25 $11,580.91
33 $11,580.91 $331.17 $0.00 $65.48 $11,977.56
34 $11,977.56 $331.17 $0.00 $67.72 $12,376.45
35 $12,376.45 $331.17 $0.00 $69.98 $12,777.60
36 $12,777.60 $331.17 $0.00 $72.25 $13,181.02
37 $13,181.02 $331.17 $0.00 $74.53 $13,586.72
38 $13,586.72 $331.17 $0.00 $76.82 $13,994.71
39 $13,994.71 $331.17 $0.00 $79.13 $14,405.01
40 $14,405.01 $331.17 $0.00 $81.45 $14,817.63
41 $14,817.63 $331.17 $0.00 $83.78 $15,232.58
42 $15,232.58 $331.17 $0.00 $86.13 $15,649.88
43 $15,649.88 $331.17 $0.00 $88.49 $16,069.54
44 $16,069.54 $331.17 $0.00 $90.86 $16,491.57
45 $16,491.57 $331.17 $0.00 $93.25 $16,915.99
46 $16,915.99 $331.17 $0.00 $95.65 $17,342.81
47 $17,342.81 $331.17 $0.00 $98.06 $17,772.04
48 $17,772.04 $331.17 $0.00 $100.49 $18,203.70
49 $18,203.70 $331.17 $0.00 $102.93 $18,637.80
50 $18,637.80 $331.17 $0.00 $105.38 $19,074.35
51 $19,074.35 $331.17 $0.00 $107.85 $19,513.37
52 $19,513.37 $331.17 $0.00 $110.33 $19,954.87
53 $19,954.87 $331.17 $0.00 $112.83 $20,398.87
54 $20,398.87 $331.17 $0.00 $115.34 $20,845.38
55 $20,845.38 $331.17 $0.00 $117.86 $21,294.41
56 $21,294.41 $331.17 $0.00 $120.40 $21,745.98
57 $21,745.98 $331.17 $0.00 $122.95 $22,200.10
58 $22,200.10 $331.17 $0.00 $125.52 $22,656.79
59 $22,656.79 $331.17 $0.00 $128.10 $23,116.06
60 $23,116.06 $331.17 $0.00 $130.70 $23,577.93
61 $23,577.93 $331.17 $0.00 $133.31 $24,042.41
62 $24,042.41 $331.17 $0.00 $135.94 $24,509.52
63 $24,509.52 $331.17 $0.00 $138.58 $24,979.27
64 $24,979.27 $331.17 $0.00 $141.24 $25,451.68
65 $25,451.68 $331.17 $0.00 $143.91 $25,926.76
66 $25,926.76 $331.17 $0.00 $146.59 $26,404.52
67 $26,404.52 $331.17 $0.00 $149.29 $26,884.98
68 $26,884.98 $331.17 $0.00 $152.01 $27,368.16
69 $27,368.16 $331.17 $0.00 $154.74 $27,854.07
70 $27,854.07 $331.17 $0.00 $157.49 $28,342.73
71 $28,342.73 $331.17 $0.00 $160.25 $28,834.15
72 $28,834.15 $331.17 $0.00 $163.03 $29,328.35
73 $29,328.35 $331.17 $0.00 $165.83 $29,825.35
74 $29,825.35 $331.17 $0.00 $168.64 $30,325.16
75 $30,325.16 $331.17 $0.00 $171.46 $30,827.79
76 $30,827.79 $331.17 $0.00 $174.30 $31,333.26
77 $31,333.26 $331.17 $0.00 $177.16 $31,841.59
78 $31,841.59 $331.17 $0.00 $180.04 $32,352.80
79 $32,352.80 $331.17 $0.00 $182.93 $32,866.90
80 $32,866.90 $331.17 $0.00 $185.83 $33,383.90
81 $33,383.90 $331.17 $0.00 $188.76 $33,903.83
82 $33,903.83 $331.17 $0.00 $191.70 $34,426.70
83 $34,426.70 $331.17 $0.00 $194.65 $34,952.52
84 $34,952.52 $331.17 $0.00 $197.63 $35,481.32
85 $35,481.32 $331.17 $0.00 $200.62 $36,013.11
86 $36,013.11 $331.17 $0.00 $203.62 $36,547.90
87 $36,547.90 $331.17 $0.00 $206.65 $37,085.72
88 $37,085.72 $331.17 $0.00 $209.69 $37,626.58
89 $37,626.58 $331.17 $0.00 $212.75 $38,170.50
90 $38,170.50 $331.17 $0.00 $215.82 $38,717.49
91 $38,717.49 $331.17 $0.00 $218.91 $39,267.57
92 $39,267.57 $331.17 $0.00 $222.02 $39,820.76
93 $39,820.76 $331.17 $0.00 $225.15 $40,377.08
94 $40,377.08 $331.17 $0.00 $228.30 $40,936.55
95 $40,936.55 $331.17 $0.00 $231.46 $41,499.18
96 $41,499.18 $331.17 $0.00 $234.64 $42,064.99
97 $42,064.99 $331.17 $0.00 $237.84 $42,634.00
98 $42,634.00 $331.17 $0.00 $241.06 $43,206.23
99 $43,206.23 $331.17 $0.00 $244.29 $43,781.69
100 $43,781.69 $331.17 $0.00 $247.55 $44,360.41
101 $44,360.41 $331.17 $0.00 $250.82 $44,942.40
102 $44,942.40 $331.17 $0.00 $254.11 $45,527.68
103 $45,527.68 $331.17 $0.00 $257.42 $46,116.27
104 $46,116.27 $331.17 $0.00 $260.75 $46,708.19
105 $46,708.19 $331.17 $0.00 $264.09 $47,303.45
106 $47,303.45 $331.17 $0.00 $267.46 $47,902.08
107 $47,902.08 $331.17 $0.00 $270.85 $48,504.10
108 $48,504.10 $331.17 $0.00 $274.25 $49,109.52
109 $49,109.52 $331.17 $0.00 $277.67 $49,718.36
110 $49,718.36 $331.17 $0.00 $281.11 $50,330.64
111 $50,330.64 $331.17 $0.00 $284.58 $50,946.39
112 $50,946.39 $331.17 $0.00 $288.06 $51,565.62
113 $51,565.62 $331.17 $0.00 $291.56 $52,188.35
114 $52,188.35 $331.17 $0.00 $295.08 $52,814.60
115 $52,814.60 $331.17 $0.00 $298.62 $53,444.39
116 $53,444.39 $331.17 $0.00 $302.18 $54,077.74
117 $54,077.74 $331.17 $0.00 $305.76 $54,714.67
118 $54,714.67 $331.17 $0.00 $309.36 $55,355.20
119 $55,355.20 $331.17 $0.00 $312.99 $55,999.36
120 $55,999.36 $331.17 $0.00 $316.63 $56,647.16
121 $56,647.16 $331.17 $0.00 $320.29 $57,298.62
122 $57,298.62 $331.17 $0.00 $323.97 $57,953.76
123 $57,953.76 $331.17 $0.00 $327.68 $58,612.61
124 $58,612.61 $331.17 $0.00 $331.40 $59,275.18
125 $59,275.18 $331.17 $0.00 $335.15 $59,941.50
126 $59,941.50 $331.17 $0.00 $338.92 $60,611.59
127 $60,611.59 $331.17 $0.00 $342.71 $61,285.47
128 $61,285.47 $331.17 $0.00 $346.52 $61,963.16
129 $61,963.16 $331.17 $0.00 $350.35 $62,644.68
130 $62,644.68 $331.17 $0.00 $354.20 $63,330.05
131 $63,330.05 $331.17 $0.00 $358.08 $64,019.30
132 $64,019.30 $331.17 $0.00 $361.97 $64,712.44
133 $64,712.44 $331.17 $0.00 $365.89 $65,409.50
134 $65,409.50 $331.17 $0.00 $369.83 $66,110.50
135 $66,110.50 $331.17 $0.00 $373.80 $66,815.47
136 $66,815.47 $331.17 $0.00 $377.78 $67,524.42
137 $67,524.42 $331.17 $0.00 $381.79 $68,237.38
138 $68,237.38 $331.17 $0.00 $385.82 $68,954.37
139 $68,954.37 $331.17 $0.00 $389.88 $69,675.42
140 $69,675.42 $331.17 $0.00 $393.95 $70,400.54
141 $70,400.54 $331.17 $0.00 $398.05 $71,129.76
142 $71,129.76 $331.17 $0.00 $402.18 $71,863.11
143 $71,863.11 $331.17 $0.00 $406.32 $72,600.60
144 $72,600.60 $331.17 $0.00 $410.49 $73,342.26
145 $73,342.26 $331.17 $0.00 $414.69 $74,088.12
146 $74,088.12 $331.17 $0.00 $418.91 $74,838.20
147 $74,838.20 $331.17 $0.00 $423.15 $75,592.52
148 $75,592.52 $331.17 $0.00 $427.41 $76,351.10
149 $76,351.10 $331.17 $0.00 $431.70 $77,113.97
150 $77,113.97 $331.17 $0.00 $436.01 $77,881.15
151 $77,881.15 $331.17 $0.00 $440.35 $78,652.67
152 $78,652.67 $331.17 $0.00 $444.71 $79,428.55
153 $79,428.55 $331.17 $0.00 $449.10 $80,208.82
154 $80,208.82 $331.17 $0.00 $453.51 $80,993.50
155 $80,993.50 $331.17 $0.00 $457.95 $81,782.62
156 $81,782.62 $331.17 $0.00 $462.41 $82,576.20
157 $82,576.20 $331.17 $0.00 $466.90 $83,374.27
158 $83,374.27 $331.17 $0.00 $471.41 $84,176.85
159 $84,176.85 $331.17 $0.00 $475.95 $84,983.97
160 $84,983.97 $331.17 $0.00 $480.51 $85,795.65
161 $85,795.65 $331.17 $0.00 $485.10 $86,611.92
162 $86,611.92 $331.17 $0.00 $489.72 $87,432.81
163 $87,432.81 $331.17 $0.00 $494.36 $88,258.34
164 $88,258.34 $331.17 $0.00 $499.03 $89,088.54
165 $89,088.54 $331.17 $0.00 $503.72 $89,923.43
166 $89,923.43 $331.17 $0.00 $508.44 $90,763.04
167 $90,763.04 $331.17 $0.00 $513.19 $91,607.40
168 $91,607.40 $331.17 $0.00 $517.96 $92,456.53
169 $92,456.53 $331.17 $0.00 $522.76 $93,310.46
170 $93,310.46 $331.17 $0.00 $527.59 $94,169.22
171 $94,169.22 $331.17 $0.00 $532.45 $95,032.84
172 $95,032.84 $331.17 $0.00 $537.33 $95,901.34
173 $95,901.34 $331.17 $0.00 $542.24 $96,774.75
174 $96,774.75 $331.17 $0.00 $547.18 $97,653.10
175 $97,653.10 $331.17 $0.00 $552.14 $98,536.41
176 $98,536.41 $331.17 $0.00 $557.14 $99,424.72
177 $99,424.72 $331.17 $0.00 $562.16 $100,318.05
178 $100,318.05 $331.17 $0.00 $567.21 $101,216.43
179 $101,216.43 $331.17 $0.00 $572.29 $102,119.89
180 $102,119.89 $331.17 $0.00 $577.40 $103,028.46
181 $103,028.46 $331.17 $0.00 $582.54 $103,942.17
182 $103,942.17 $331.17 $0.00 $587.70 $104,861.04
183 $104,861.04 $331.17 $0.00 $592.90 $105,785.11
184 $105,785.11 $331.17 $0.00 $598.12 $106,714.40
185 $106,714.40 $331.17 $0.00 $603.38 $107,648.95
186 $107,648.95 $331.17 $0.00 $608.66 $108,588.78
187 $108,588.78 $331.17 $0.00 $613.98 $109,533.93
188 $109,533.93 $331.17 $0.00 $619.32 $110,484.42
189 $110,484.42 $331.17 $0.00 $624.69 $111,440.28
190 $111,440.28 $331.17 $0.00 $630.10 $112,401.55
191 $112,401.55 $331.17 $0.00 $635.53 $113,368.25
192 $113,368.25 $331.17 $0.00 $641.00 $114,340.42
193 $114,340.42 $331.17 $0.00 $646.50 $115,318.09
194 $115,318.09 $331.17 $0.00 $652.03 $116,301.29
195 $116,301.29 $331.17 $0.00 $657.58 $117,290.04
196 $117,290.04 $331.17 $0.00 $663.17 $118,284.38
197 $118,284.38 $331.17 $0.00 $668.80 $119,284.35
198 $119,284.35 $331.17 $0.00 $674.45 $120,289.97
199 $120,289.97 $331.17 $0.00 $680.14 $121,301.28
200 $121,301.28 $331.17 $0.00 $685.86 $122,318.31
201 $122,318.31 $331.17 $0.00 $691.61 $123,341.09
202 $123,341.09 $331.17 $0.00 $697.39 $124,369.65
203 $124,369.65 $331.17 $0.00 $703.20 $125,404.02
204 $125,404.02 $331.17 $0.00 $709.05 $126,444.24
205 $126,444.24 $331.17 $0.00 $714.93 $127,490.34
206 $127,490.34 $331.17 $0.00 $720.85 $128,542.36
207 $128,542.36 $331.17 $0.00 $726.80 $129,600.33
208 $129,600.33 $331.17 $0.00 $732.78 $130,664.28
209 $130,664.28 $331.17 $0.00 $738.79 $131,734.24
210 $131,734.24 $331.17 $0.00 $744.84 $132,810.25
211 $132,810.25 $331.17 $0.00 $750.93 $133,892.35
212 $133,892.35 $331.17 $0.00 $757.05 $134,980.57
213 $134,980.57 $331.17 $0.00 $763.20 $136,074.94
214 $136,074.94 $331.17 $0.00 $769.39 $137,175.50
215 $137,175.50 $331.17 $0.00 $775.61 $138,282.28
216 $138,282.28 $331.17 $0.00 $781.87 $139,395.32
217 $139,395.32 $331.17 $72,696.75 $788.16 $67,817.90
218 $67,817.90 $331.17 $0.00 $383.45 $68,532.52
219 $68,532.52 $331.17 $0.00 $387.49 $69,251.18
220 $69,251.18 $331.17 $0.00 $391.56 $69,973.91
221 $69,973.91 $331.17 $0.00 $395.64 $70,700.72
222 $70,700.72 $331.17 $0.00 $399.75 $71,431.64
223 $71,431.64 $331.17 $0.00 $403.88 $72,166.69
224 $72,166.69 $331.17 $0.00 $408.04 $72,905.90
225 $72,905.90 $331.17 $0.00 $412.22 $73,649.29
226 $73,649.29 $331.17 $0.00 $416.42 $74,396.88
227 $74,396.88 $331.17 $0.00 $420.65 $75,148.70
228 $75,148.70 $331.17 $0.00 $424.90 $75,904.77
229 $75,904.77 $0.00 $76,331.58 $429.18 $2.37