Savings Plan and Future Cost Estimation for California Maritime Academy

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$101,592
Monthly savings required$803

How much will it cost to send your child to California Maritime Academy in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $406,366.61 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $802.90 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$27,079.00
Years until enrollment18
Annual Tuition Increase7%
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 $802.90 $0.00 $0.00 $802.90
2 $802.90 $802.90 $0.00 $4.54 $1,610.34
3 $1,610.34 $802.90 $0.00 $9.11 $2,422.35
4 $2,422.35 $802.90 $0.00 $13.70 $3,238.95
5 $3,238.95 $802.90 $0.00 $18.31 $4,060.16
6 $4,060.16 $802.90 $0.00 $22.96 $4,886.02
7 $4,886.02 $802.90 $0.00 $27.63 $5,716.55
8 $5,716.55 $802.90 $0.00 $32.32 $6,551.77
9 $6,551.77 $802.90 $0.00 $37.04 $7,391.71
10 $7,391.71 $802.90 $0.00 $41.79 $8,236.40
11 $8,236.40 $802.90 $0.00 $46.57 $9,085.87
12 $9,085.87 $802.90 $0.00 $51.37 $9,940.14
13 $9,940.14 $802.90 $0.00 $56.20 $10,799.24
14 $10,799.24 $802.90 $0.00 $61.06 $11,663.20
15 $11,663.20 $802.90 $0.00 $65.95 $12,532.05
16 $12,532.05 $802.90 $0.00 $70.86 $13,405.81
17 $13,405.81 $802.90 $0.00 $75.80 $14,284.51
18 $14,284.51 $802.90 $0.00 $80.77 $15,168.18
19 $15,168.18 $802.90 $0.00 $85.76 $16,056.84
20 $16,056.84 $802.90 $0.00 $90.79 $16,950.53
21 $16,950.53 $802.90 $0.00 $95.84 $17,849.27
22 $17,849.27 $802.90 $0.00 $100.92 $18,753.09
23 $18,753.09 $802.90 $0.00 $106.03 $19,662.02
24 $19,662.02 $802.90 $0.00 $111.17 $20,576.09
25 $20,576.09 $802.90 $0.00 $116.34 $21,495.33
26 $21,495.33 $802.90 $0.00 $121.54 $22,419.77
27 $22,419.77 $802.90 $0.00 $126.76 $23,349.43
28 $23,349.43 $802.90 $0.00 $132.02 $24,284.35
29 $24,284.35 $802.90 $0.00 $137.31 $25,224.56
30 $25,224.56 $802.90 $0.00 $142.62 $26,170.08
31 $26,170.08 $802.90 $0.00 $147.97 $27,120.95
32 $27,120.95 $802.90 $0.00 $153.35 $28,077.20
33 $28,077.20 $802.90 $0.00 $158.75 $29,038.85
34 $29,038.85 $802.90 $0.00 $164.19 $30,005.94
35 $30,005.94 $802.90 $0.00 $169.66 $30,978.50
36 $30,978.50 $802.90 $0.00 $175.16 $31,956.56
37 $31,956.56 $802.90 $0.00 $180.69 $32,940.15
38 $32,940.15 $802.90 $0.00 $186.25 $33,929.30
39 $33,929.30 $802.90 $0.00 $191.84 $34,924.04
40 $34,924.04 $802.90 $0.00 $197.47 $35,924.41
41 $35,924.41 $802.90 $0.00 $203.12 $36,930.43
42 $36,930.43 $802.90 $0.00 $208.81 $37,942.14
43 $37,942.14 $802.90 $0.00 $214.53 $38,959.57
44 $38,959.57 $802.90 $0.00 $220.28 $39,982.75
45 $39,982.75 $802.90 $0.00 $226.07 $41,011.72
46 $41,011.72 $802.90 $0.00 $231.89 $42,046.51
47 $42,046.51 $802.90 $0.00 $237.74 $43,087.15
48 $43,087.15 $802.90 $0.00 $243.62 $44,133.67
49 $44,133.67 $802.90 $0.00 $249.54 $45,186.11
50 $45,186.11 $802.90 $0.00 $255.49 $46,244.50
51 $46,244.50 $802.90 $0.00 $261.47 $47,308.87
52 $47,308.87 $802.90 $0.00 $267.49 $48,379.26
53 $48,379.26 $802.90 $0.00 $273.54 $49,455.70
54 $49,455.70 $802.90 $0.00 $279.63 $50,538.23
55 $50,538.23 $802.90 $0.00 $285.75 $51,626.88
56 $51,626.88 $802.90 $0.00 $291.91 $52,721.69
57 $52,721.69 $802.90 $0.00 $298.10 $53,822.69
58 $53,822.69 $802.90 $0.00 $304.32 $54,929.91
59 $54,929.91 $802.90 $0.00 $310.58 $56,043.39
60 $56,043.39 $802.90 $0.00 $316.88 $57,163.17
61 $57,163.17 $802.90 $0.00 $323.21 $58,289.28
62 $58,289.28 $802.90 $0.00 $329.58 $59,421.76
63 $59,421.76 $802.90 $0.00 $335.98 $60,560.64
64 $60,560.64 $802.90 $0.00 $342.42 $61,705.96
65 $61,705.96 $802.90 $0.00 $348.89 $62,857.75
66 $62,857.75 $802.90 $0.00 $355.41 $64,016.06
67 $64,016.06 $802.90 $0.00 $361.96 $65,180.92
68 $65,180.92 $802.90 $0.00 $368.54 $66,352.36
69 $66,352.36 $802.90 $0.00 $375.17 $67,530.43
70 $67,530.43 $802.90 $0.00 $381.83 $68,715.16
71 $68,715.16 $802.90 $0.00 $388.53 $69,906.59
72 $69,906.59 $802.90 $0.00 $395.26 $71,104.75
73 $71,104.75 $802.90 $0.00 $402.04 $72,309.69
74 $72,309.69 $802.90 $0.00 $408.85 $73,521.44
75 $73,521.44 $802.90 $0.00 $415.70 $74,740.04
76 $74,740.04 $802.90 $0.00 $422.59 $75,965.53
77 $75,965.53 $802.90 $0.00 $429.52 $77,197.95
78 $77,197.95 $802.90 $0.00 $436.49 $78,437.34
79 $78,437.34 $802.90 $0.00 $443.50 $79,683.74
80 $79,683.74 $802.90 $0.00 $450.54 $80,937.18
81 $80,937.18 $802.90 $0.00 $457.63 $82,197.71
82 $82,197.71 $802.90 $0.00 $464.76 $83,465.37
83 $83,465.37 $802.90 $0.00 $471.93 $84,740.20
84 $84,740.20 $802.90 $0.00 $479.13 $86,022.23
85 $86,022.23 $802.90 $0.00 $486.38 $87,311.51
86 $87,311.51 $802.90 $0.00 $493.67 $88,608.08
87 $88,608.08 $802.90 $0.00 $501.00 $89,911.98
88 $89,911.98 $802.90 $0.00 $508.38 $91,223.26
89 $91,223.26 $802.90 $0.00 $515.79 $92,541.95
90 $92,541.95 $802.90 $0.00 $523.25 $93,868.10
91 $93,868.10 $802.90 $0.00 $530.74 $95,201.74
92 $95,201.74 $802.90 $0.00 $538.28 $96,542.92
93 $96,542.92 $802.90 $0.00 $545.87 $97,891.69
94 $97,891.69 $802.90 $0.00 $553.49 $99,248.08
95 $99,248.08 $802.90 $0.00 $561.16 $100,612.14
96 $100,612.14 $802.90 $0.00 $568.88 $101,983.92
97 $101,983.92 $802.90 $0.00 $576.63 $103,363.45
98 $103,363.45 $802.90 $0.00 $584.43 $104,750.78
99 $104,750.78 $802.90 $0.00 $592.28 $106,145.96
100 $106,145.96 $802.90 $0.00 $600.16 $107,549.02
101 $107,549.02 $802.90 $0.00 $608.10 $108,960.02
102 $108,960.02 $802.90 $0.00 $616.08 $110,379.00
103 $110,379.00 $802.90 $0.00 $624.10 $111,806.00
104 $111,806.00 $802.90 $0.00 $632.17 $113,241.07
105 $113,241.07 $802.90 $0.00 $640.28 $114,684.25
106 $114,684.25 $802.90 $0.00 $648.44 $116,135.59
107 $116,135.59 $802.90 $0.00 $656.65 $117,595.14
108 $117,595.14 $802.90 $0.00 $664.90 $119,062.94
109 $119,062.94 $802.90 $0.00 $673.20 $120,539.04
110 $120,539.04 $802.90 $0.00 $681.55 $122,023.49
111 $122,023.49 $802.90 $0.00 $689.94 $123,516.33
112 $123,516.33 $802.90 $0.00 $698.38 $125,017.61
113 $125,017.61 $802.90 $0.00 $706.87 $126,527.38
114 $126,527.38 $802.90 $0.00 $715.40 $128,045.68
115 $128,045.68 $802.90 $0.00 $723.99 $129,572.57
116 $129,572.57 $802.90 $0.00 $732.62 $131,108.09
117 $131,108.09 $802.90 $0.00 $741.30 $132,652.29
118 $132,652.29 $802.90 $0.00 $750.04 $134,205.23
119 $134,205.23 $802.90 $0.00 $758.82 $135,766.95
120 $135,766.95 $802.90 $0.00 $767.65 $137,337.50
121 $137,337.50 $802.90 $0.00 $776.53 $138,916.93
122 $138,916.93 $802.90 $0.00 $785.46 $140,505.29
123 $140,505.29 $802.90 $0.00 $794.44 $142,102.63
124 $142,102.63 $802.90 $0.00 $803.47 $143,709.00
125 $143,709.00 $802.90 $0.00 $812.55 $145,324.45
126 $145,324.45 $802.90 $0.00 $821.69 $146,949.04
127 $146,949.04 $802.90 $0.00 $830.87 $148,582.81
128 $148,582.81 $802.90 $0.00 $840.11 $150,225.82
129 $150,225.82 $802.90 $0.00 $849.40 $151,878.12
130 $151,878.12 $802.90 $0.00 $858.74 $153,539.76
131 $153,539.76 $802.90 $0.00 $868.14 $155,210.80
132 $155,210.80 $802.90 $0.00 $877.58 $156,891.28
133 $156,891.28 $802.90 $0.00 $887.09 $158,581.27
134 $158,581.27 $802.90 $0.00 $896.64 $160,280.81
135 $160,280.81 $802.90 $0.00 $906.25 $161,989.96
136 $161,989.96 $802.90 $0.00 $915.91 $163,708.77
137 $163,708.77 $802.90 $0.00 $925.63 $165,437.30
138 $165,437.30 $802.90 $0.00 $935.41 $167,175.61
139 $167,175.61 $802.90 $0.00 $945.24 $168,923.75
140 $168,923.75 $802.90 $0.00 $955.12 $170,681.77
141 $170,681.77 $802.90 $0.00 $965.06 $172,449.73
142 $172,449.73 $802.90 $0.00 $975.06 $174,227.69
143 $174,227.69 $802.90 $0.00 $985.11 $176,015.70
144 $176,015.70 $802.90 $0.00 $995.22 $177,813.82
145 $177,813.82 $802.90 $0.00 $1,005.39 $179,622.11
146 $179,622.11 $802.90 $0.00 $1,015.61 $181,440.62
147 $181,440.62 $802.90 $0.00 $1,025.89 $183,269.41
148 $183,269.41 $802.90 $0.00 $1,036.23 $185,108.54
149 $185,108.54 $802.90 $0.00 $1,046.63 $186,958.07
150 $186,958.07 $802.90 $0.00 $1,057.09 $188,818.06
151 $188,818.06 $802.90 $0.00 $1,067.60 $190,688.56
152 $190,688.56 $802.90 $0.00 $1,078.18 $192,569.64
153 $192,569.64 $802.90 $0.00 $1,088.82 $194,461.36
154 $194,461.36 $802.90 $0.00 $1,099.51 $196,363.77
155 $196,363.77 $802.90 $0.00 $1,110.27 $198,276.94
156 $198,276.94 $802.90 $0.00 $1,121.09 $200,200.93
157 $200,200.93 $802.90 $0.00 $1,131.97 $202,135.80
158 $202,135.80 $802.90 $0.00 $1,142.91 $204,081.61
159 $204,081.61 $802.90 $0.00 $1,153.91 $206,038.42
160 $206,038.42 $802.90 $0.00 $1,164.97 $208,006.29
161 $208,006.29 $802.90 $0.00 $1,176.10 $209,985.29
162 $209,985.29 $802.90 $0.00 $1,187.29 $211,975.48
163 $211,975.48 $802.90 $0.00 $1,198.54 $213,976.92
164 $213,976.92 $802.90 $0.00 $1,209.86 $215,989.68
165 $215,989.68 $802.90 $0.00 $1,221.24 $218,013.82
166 $218,013.82 $802.90 $0.00 $1,232.68 $220,049.40
167 $220,049.40 $802.90 $0.00 $1,244.19 $222,096.49
168 $222,096.49 $802.90 $0.00 $1,255.77 $224,155.16
169 $224,155.16 $802.90 $0.00 $1,267.41 $226,225.47
170 $226,225.47 $802.90 $0.00 $1,279.11 $228,307.48
171 $228,307.48 $802.90 $0.00 $1,290.88 $230,401.26
172 $230,401.26 $802.90 $0.00 $1,302.72 $232,506.88
173 $232,506.88 $802.90 $0.00 $1,314.63 $234,624.41
174 $234,624.41 $802.90 $0.00 $1,326.60 $236,753.91
175 $236,753.91 $802.90 $0.00 $1,338.64 $238,895.45
176 $238,895.45 $802.90 $0.00 $1,350.75 $241,049.10
177 $241,049.10 $802.90 $0.00 $1,362.93 $243,214.93
178 $243,214.93 $802.90 $0.00 $1,375.17 $245,393.00
179 $245,393.00 $802.90 $0.00 $1,387.49 $247,583.39
180 $247,583.39 $802.90 $0.00 $1,399.87 $249,786.16
181 $249,786.16 $802.90 $0.00 $1,412.33 $252,001.39
182 $252,001.39 $802.90 $0.00 $1,424.85 $254,229.14
183 $254,229.14 $802.90 $0.00 $1,437.45 $256,469.49
184 $256,469.49 $802.90 $0.00 $1,450.12 $258,722.51
185 $258,722.51 $802.90 $0.00 $1,462.85 $260,988.26
186 $260,988.26 $802.90 $0.00 $1,475.67 $263,266.83
187 $263,266.83 $802.90 $0.00 $1,488.55 $265,558.28
188 $265,558.28 $802.90 $0.00 $1,501.51 $267,862.69
189 $267,862.69 $802.90 $0.00 $1,514.53 $270,180.12
190 $270,180.12 $802.90 $0.00 $1,527.64 $272,510.66
191 $272,510.66 $802.90 $0.00 $1,540.81 $274,854.37
192 $274,854.37 $802.90 $0.00 $1,554.07 $277,211.34
193 $277,211.34 $802.90 $0.00 $1,567.39 $279,581.63
194 $279,581.63 $802.90 $0.00 $1,580.80 $281,965.33
195 $281,965.33 $802.90 $0.00 $1,594.27 $284,362.50
196 $284,362.50 $802.90 $0.00 $1,607.83 $286,773.23
197 $286,773.23 $802.90 $0.00 $1,621.46 $289,197.59
198 $289,197.59 $802.90 $0.00 $1,635.17 $291,635.66
199 $291,635.66 $802.90 $0.00 $1,648.95 $294,087.51
200 $294,087.51 $802.90 $0.00 $1,662.81 $296,553.22
201 $296,553.22 $802.90 $0.00 $1,676.76 $299,032.88
202 $299,032.88 $802.90 $0.00 $1,690.78 $301,526.56
203 $301,526.56 $802.90 $0.00 $1,704.88 $304,034.34
204 $304,034.34 $802.90 $0.00 $1,719.05 $306,556.29
205 $306,556.29 $802.90 $0.00 $1,733.31 $309,092.50
206 $309,092.50 $802.90 $0.00 $1,747.65 $311,643.05
207 $311,643.05 $802.90 $0.00 $1,762.08 $314,208.03
208 $314,208.03 $802.90 $0.00 $1,776.58 $316,787.51
209 $316,787.51 $802.90 $0.00 $1,791.16 $319,381.57
210 $319,381.57 $802.90 $0.00 $1,805.83 $321,990.30
211 $321,990.30 $802.90 $0.00 $1,820.58 $324,613.78
212 $324,613.78 $802.90 $0.00 $1,835.41 $327,252.09
213 $327,252.09 $802.90 $0.00 $1,850.33 $329,905.32
214 $329,905.32 $802.90 $0.00 $1,865.33 $332,573.55
215 $332,573.55 $802.90 $0.00 $1,880.42 $335,256.87
216 $335,256.87 $802.90 $0.00 $1,895.59 $337,955.36
217 $337,955.36 $802.90 $91,525.19 $1,910.85 $249,143.92
218 $249,143.92 $802.90 $0.00 $1,408.70 $251,355.52
219 $251,355.52 $802.90 $0.00 $1,421.20 $253,579.62
220 $253,579.62 $802.90 $0.00 $1,433.78 $255,816.30
221 $255,816.30 $802.90 $0.00 $1,446.42 $258,065.62
222 $258,065.62 $802.90 $0.00 $1,459.14 $260,327.66
223 $260,327.66 $802.90 $0.00 $1,471.93 $262,602.49
224 $262,602.49 $802.90 $0.00 $1,484.79 $264,890.18
225 $264,890.18 $802.90 $0.00 $1,497.73 $267,190.81
226 $267,190.81 $802.90 $0.00 $1,510.74 $269,504.45
227 $269,504.45 $802.90 $0.00 $1,523.82 $271,831.17
228 $271,831.17 $802.90 $0.00 $1,536.97 $274,171.04
229 $274,171.04 $802.90 $97,931.95 $1,550.20 $178,592.19
230 $178,592.19 $802.90 $0.00 $1,009.79 $180,404.88
231 $180,404.88 $802.90 $0.00 $1,020.04 $182,227.82
232 $182,227.82 $802.90 $0.00 $1,030.34 $184,061.06
233 $184,061.06 $802.90 $0.00 $1,040.71 $185,904.67
234 $185,904.67 $802.90 $0.00 $1,051.13 $187,758.70
235 $187,758.70 $802.90 $0.00 $1,061.61 $189,623.21
236 $189,623.21 $802.90 $0.00 $1,072.16 $191,498.27
237 $191,498.27 $802.90 $0.00 $1,082.76 $193,383.93
238 $193,383.93 $802.90 $0.00 $1,093.42 $195,280.25
239 $195,280.25 $802.90 $0.00 $1,104.14 $197,187.29
240 $197,187.29 $802.90 $0.00 $1,114.93 $199,105.12
241 $199,105.12 $802.90 $104,787.19 $1,125.77 $96,246.60
242 $96,246.60 $802.90 $0.00 $544.19 $97,593.69
243 $97,593.69 $802.90 $0.00 $551.81 $98,948.40
244 $98,948.40 $802.90 $0.00 $559.47 $100,310.77
245 $100,310.77 $802.90 $0.00 $567.17 $101,680.84
246 $101,680.84 $802.90 $0.00 $574.92 $103,058.66
247 $103,058.66 $802.90 $0.00 $582.71 $104,444.27
248 $104,444.27 $802.90 $0.00 $590.54 $105,837.71
249 $105,837.71 $802.90 $0.00 $598.42 $107,239.03
250 $107,239.03 $802.90 $0.00 $606.35 $108,648.28
251 $108,648.28 $802.90 $0.00 $614.31 $110,065.49
252 $110,065.49 $802.90 $0.00 $622.33 $111,490.72
253 $111,490.72 $0.00 $112,122.29 $630.38 -$1.19