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 2039$73,655
Monthly savings required$583

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 $294,619.48 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $583.03 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$28,403.00
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 $583.03 $0.00 $0.00 $583.03
2 $583.03 $583.03 $0.00 $3.30 $1,169.36
3 $1,169.36 $583.03 $0.00 $6.61 $1,759.00
4 $1,759.00 $583.03 $0.00 $9.95 $2,351.98
5 $2,351.98 $583.03 $0.00 $13.30 $2,948.31
6 $2,948.31 $583.03 $0.00 $16.67 $3,548.01
7 $3,548.01 $583.03 $0.00 $20.06 $4,151.10
8 $4,151.10 $583.03 $0.00 $23.47 $4,757.60
9 $4,757.60 $583.03 $0.00 $26.90 $5,367.53
10 $5,367.53 $583.03 $0.00 $30.35 $5,980.91
11 $5,980.91 $583.03 $0.00 $33.82 $6,597.76
12 $6,597.76 $583.03 $0.00 $37.30 $7,218.09
13 $7,218.09 $583.03 $0.00 $40.81 $7,841.93
14 $7,841.93 $583.03 $0.00 $44.34 $8,469.30
15 $8,469.30 $583.03 $0.00 $47.89 $9,100.22
16 $9,100.22 $583.03 $0.00 $51.45 $9,734.70
17 $9,734.70 $583.03 $0.00 $55.04 $10,372.77
18 $10,372.77 $583.03 $0.00 $58.65 $11,014.45
19 $11,014.45 $583.03 $0.00 $62.28 $11,659.76
20 $11,659.76 $583.03 $0.00 $65.93 $12,308.72
21 $12,308.72 $583.03 $0.00 $69.60 $12,961.35
22 $12,961.35 $583.03 $0.00 $73.29 $13,617.67
23 $13,617.67 $583.03 $0.00 $77.00 $14,277.70
24 $14,277.70 $583.03 $0.00 $80.73 $14,941.46
25 $14,941.46 $583.03 $0.00 $84.48 $15,608.97
26 $15,608.97 $583.03 $0.00 $88.26 $16,280.26
27 $16,280.26 $583.03 $0.00 $92.05 $16,955.34
28 $16,955.34 $583.03 $0.00 $95.87 $17,634.24
29 $17,634.24 $583.03 $0.00 $99.71 $18,316.98
30 $18,316.98 $583.03 $0.00 $103.57 $19,003.58
31 $19,003.58 $583.03 $0.00 $107.45 $19,694.06
32 $19,694.06 $583.03 $0.00 $111.35 $20,388.44
33 $20,388.44 $583.03 $0.00 $115.28 $21,086.75
34 $21,086.75 $583.03 $0.00 $119.23 $21,789.01
35 $21,789.01 $583.03 $0.00 $123.20 $22,495.24
36 $22,495.24 $583.03 $0.00 $127.19 $23,205.46
37 $23,205.46 $583.03 $0.00 $131.21 $23,919.70
38 $23,919.70 $583.03 $0.00 $135.25 $24,637.98
39 $24,637.98 $583.03 $0.00 $139.31 $25,360.32
40 $25,360.32 $583.03 $0.00 $143.39 $26,086.74
41 $26,086.74 $583.03 $0.00 $147.50 $26,817.27
42 $26,817.27 $583.03 $0.00 $151.63 $27,551.93
43 $27,551.93 $583.03 $0.00 $155.78 $28,290.74
44 $28,290.74 $583.03 $0.00 $159.96 $29,033.73
45 $29,033.73 $583.03 $0.00 $164.16 $29,780.92
46 $29,780.92 $583.03 $0.00 $168.39 $30,532.34
47 $30,532.34 $583.03 $0.00 $172.63 $31,288.00
48 $31,288.00 $583.03 $0.00 $176.91 $32,047.94
49 $32,047.94 $583.03 $0.00 $181.20 $32,812.17
50 $32,812.17 $583.03 $0.00 $185.52 $33,580.72
51 $33,580.72 $583.03 $0.00 $189.87 $34,353.62
52 $34,353.62 $583.03 $0.00 $194.24 $35,130.89
53 $35,130.89 $583.03 $0.00 $198.64 $35,912.56
54 $35,912.56 $583.03 $0.00 $203.05 $36,698.64
55 $36,698.64 $583.03 $0.00 $207.50 $37,489.17
56 $37,489.17 $583.03 $0.00 $211.97 $38,284.17
57 $38,284.17 $583.03 $0.00 $216.46 $39,083.66
58 $39,083.66 $583.03 $0.00 $220.98 $39,887.67
59 $39,887.67 $583.03 $0.00 $225.53 $40,696.23
60 $40,696.23 $583.03 $0.00 $230.10 $41,509.36
61 $41,509.36 $583.03 $0.00 $234.70 $42,327.09
62 $42,327.09 $583.03 $0.00 $239.32 $43,149.44
63 $43,149.44 $583.03 $0.00 $243.97 $43,976.44
64 $43,976.44 $583.03 $0.00 $248.65 $44,808.12
65 $44,808.12 $583.03 $0.00 $253.35 $45,644.50
66 $45,644.50 $583.03 $0.00 $258.08 $46,485.61
67 $46,485.61 $583.03 $0.00 $262.84 $47,331.48
68 $47,331.48 $583.03 $0.00 $267.62 $48,182.13
69 $48,182.13 $583.03 $0.00 $272.43 $49,037.59
70 $49,037.59 $583.03 $0.00 $277.27 $49,897.89
71 $49,897.89 $583.03 $0.00 $282.13 $50,763.05
72 $50,763.05 $583.03 $0.00 $287.02 $51,633.10
73 $51,633.10 $583.03 $0.00 $291.94 $52,508.07
74 $52,508.07 $583.03 $0.00 $296.89 $53,387.99
75 $53,387.99 $583.03 $0.00 $301.86 $54,272.88
76 $54,272.88 $583.03 $0.00 $306.87 $55,162.78
77 $55,162.78 $583.03 $0.00 $311.90 $56,057.71
78 $56,057.71 $583.03 $0.00 $316.96 $56,957.70
79 $56,957.70 $583.03 $0.00 $322.05 $57,862.78
80 $57,862.78 $583.03 $0.00 $327.16 $58,772.97
81 $58,772.97 $583.03 $0.00 $332.31 $59,688.31
82 $59,688.31 $583.03 $0.00 $337.49 $60,608.83
83 $60,608.83 $583.03 $0.00 $342.69 $61,534.55
84 $61,534.55 $583.03 $0.00 $347.93 $62,465.51
85 $62,465.51 $583.03 $0.00 $353.19 $63,401.73
86 $63,401.73 $583.03 $0.00 $358.48 $64,343.24
87 $64,343.24 $583.03 $0.00 $363.81 $65,290.08
88 $65,290.08 $583.03 $0.00 $369.16 $66,242.27
89 $66,242.27 $583.03 $0.00 $374.54 $67,199.84
90 $67,199.84 $583.03 $0.00 $379.96 $68,162.83
91 $68,162.83 $583.03 $0.00 $385.40 $69,131.26
92 $69,131.26 $583.03 $0.00 $390.88 $70,105.17
93 $70,105.17 $583.03 $0.00 $396.38 $71,084.58
94 $71,084.58 $583.03 $0.00 $401.92 $72,069.53
95 $72,069.53 $583.03 $0.00 $407.49 $73,060.05
96 $73,060.05 $583.03 $0.00 $413.09 $74,056.17
97 $74,056.17 $583.03 $0.00 $418.72 $75,057.92
98 $75,057.92 $583.03 $0.00 $424.39 $76,065.34
99 $76,065.34 $583.03 $0.00 $430.08 $77,078.45
100 $77,078.45 $583.03 $0.00 $435.81 $78,097.29
101 $78,097.29 $583.03 $0.00 $441.57 $79,121.89
102 $79,121.89 $583.03 $0.00 $447.37 $80,152.29
103 $80,152.29 $583.03 $0.00 $453.19 $81,188.51
104 $81,188.51 $583.03 $0.00 $459.05 $82,230.59
105 $82,230.59 $583.03 $0.00 $464.94 $83,278.56
106 $83,278.56 $583.03 $0.00 $470.87 $84,332.46
107 $84,332.46 $583.03 $0.00 $476.83 $85,392.32
108 $85,392.32 $583.03 $0.00 $482.82 $86,458.17
109 $86,458.17 $583.03 $0.00 $488.85 $87,530.05
110 $87,530.05 $583.03 $0.00 $494.91 $88,607.99
111 $88,607.99 $583.03 $0.00 $501.00 $89,692.02
112 $89,692.02 $583.03 $0.00 $507.13 $90,782.18
113 $90,782.18 $583.03 $0.00 $513.30 $91,878.51
114 $91,878.51 $583.03 $0.00 $519.49 $92,981.03
115 $92,981.03 $583.03 $0.00 $525.73 $94,089.79
116 $94,089.79 $583.03 $0.00 $532.00 $95,204.82
117 $95,204.82 $583.03 $0.00 $538.30 $96,326.15
118 $96,326.15 $583.03 $0.00 $544.64 $97,453.82
119 $97,453.82 $583.03 $0.00 $551.02 $98,587.87
120 $98,587.87 $583.03 $0.00 $557.43 $99,728.33
121 $99,728.33 $583.03 $0.00 $563.88 $100,875.24
122 $100,875.24 $583.03 $0.00 $570.36 $102,028.63
123 $102,028.63 $583.03 $0.00 $576.88 $103,188.54
124 $103,188.54 $583.03 $0.00 $583.44 $104,355.01
125 $104,355.01 $583.03 $0.00 $590.04 $105,528.08
126 $105,528.08 $583.03 $0.00 $596.67 $106,707.78
127 $106,707.78 $583.03 $0.00 $603.34 $107,894.15
128 $107,894.15 $583.03 $0.00 $610.05 $109,087.23
129 $109,087.23 $583.03 $0.00 $616.80 $110,287.06
130 $110,287.06 $583.03 $0.00 $623.58 $111,493.67
131 $111,493.67 $583.03 $0.00 $630.40 $112,707.10
132 $112,707.10 $583.03 $0.00 $637.26 $113,927.39
133 $113,927.39 $583.03 $0.00 $644.16 $115,154.58
134 $115,154.58 $583.03 $0.00 $651.10 $116,388.71
135 $116,388.71 $583.03 $0.00 $658.08 $117,629.82
136 $117,629.82 $583.03 $0.00 $665.10 $118,877.95
137 $118,877.95 $583.03 $0.00 $672.15 $120,133.13
138 $120,133.13 $583.03 $0.00 $679.25 $121,395.41
139 $121,395.41 $583.03 $0.00 $686.39 $122,664.83
140 $122,664.83 $583.03 $0.00 $693.56 $123,941.42
141 $123,941.42 $583.03 $0.00 $700.78 $125,225.23
142 $125,225.23 $583.03 $0.00 $708.04 $126,516.30
143 $126,516.30 $583.03 $0.00 $715.34 $127,814.67
144 $127,814.67 $583.03 $0.00 $722.68 $129,120.38
145 $129,120.38 $583.03 $0.00 $730.07 $130,433.48
146 $130,433.48 $583.03 $0.00 $737.49 $131,754.00
147 $131,754.00 $583.03 $0.00 $744.96 $133,081.99
148 $133,081.99 $583.03 $0.00 $752.46 $134,417.48
149 $134,417.48 $583.03 $0.00 $760.02 $135,760.53
150 $135,760.53 $583.03 $0.00 $767.61 $137,111.17
151 $137,111.17 $583.03 $0.00 $775.25 $138,469.45
152 $138,469.45 $583.03 $0.00 $782.93 $139,835.41
153 $139,835.41 $583.03 $0.00 $790.65 $141,209.09
154 $141,209.09 $583.03 $0.00 $798.42 $142,590.54
155 $142,590.54 $583.03 $0.00 $806.23 $143,979.80
156 $143,979.80 $583.03 $0.00 $814.08 $145,376.91
157 $145,376.91 $583.03 $0.00 $821.98 $146,781.92
158 $146,781.92 $583.03 $0.00 $829.93 $148,194.88
159 $148,194.88 $583.03 $0.00 $837.92 $149,615.83
160 $149,615.83 $583.03 $0.00 $845.95 $151,044.81
161 $151,044.81 $583.03 $0.00 $854.03 $152,481.87
162 $152,481.87 $583.03 $0.00 $862.15 $153,927.05
163 $153,927.05 $583.03 $0.00 $870.33 $155,380.41
164 $155,380.41 $583.03 $0.00 $878.54 $156,841.98
165 $156,841.98 $583.03 $0.00 $886.81 $158,311.82
166 $158,311.82 $583.03 $0.00 $895.12 $159,789.97
167 $159,789.97 $583.03 $0.00 $903.48 $161,276.48
168 $161,276.48 $583.03 $0.00 $911.88 $162,771.39
169 $162,771.39 $583.03 $0.00 $920.33 $164,274.75
170 $164,274.75 $583.03 $0.00 $928.83 $165,786.61
171 $165,786.61 $583.03 $0.00 $937.38 $167,307.02
172 $167,307.02 $583.03 $0.00 $945.98 $168,836.03
173 $168,836.03 $583.03 $0.00 $954.62 $170,373.68
174 $170,373.68 $583.03 $0.00 $963.32 $171,920.03
175 $171,920.03 $583.03 $0.00 $972.06 $173,475.12
176 $173,475.12 $583.03 $0.00 $980.85 $175,039.00
177 $175,039.00 $583.03 $0.00 $989.70 $176,611.73
178 $176,611.73 $583.03 $0.00 $998.59 $178,193.35
179 $178,193.35 $583.03 $0.00 $1,007.53 $179,783.91
180 $179,783.91 $583.03 $0.00 $1,016.52 $181,383.46
181 $181,383.46 $583.03 $0.00 $1,025.57 $182,992.06
182 $182,992.06 $583.03 $0.00 $1,034.66 $184,609.75
183 $184,609.75 $583.03 $0.00 $1,043.81 $186,236.59
184 $186,236.59 $583.03 $0.00 $1,053.01 $187,872.63
185 $187,872.63 $583.03 $0.00 $1,062.26 $189,517.92
186 $189,517.92 $583.03 $0.00 $1,071.56 $191,172.51
187 $191,172.51 $583.03 $0.00 $1,080.92 $192,836.46
188 $192,836.46 $583.03 $0.00 $1,090.33 $194,509.82
189 $194,509.82 $583.03 $0.00 $1,099.79 $196,192.64
190 $196,192.64 $583.03 $0.00 $1,109.30 $197,884.97
191 $197,884.97 $583.03 $0.00 $1,118.87 $199,586.87
192 $199,586.87 $583.03 $0.00 $1,128.49 $201,298.39
193 $201,298.39 $583.03 $0.00 $1,138.17 $203,019.59
194 $203,019.59 $583.03 $0.00 $1,147.90 $204,750.52
195 $204,750.52 $583.03 $0.00 $1,157.69 $206,491.24
196 $206,491.24 $583.03 $0.00 $1,167.53 $208,241.80
197 $208,241.80 $583.03 $0.00 $1,177.43 $210,002.26
198 $210,002.26 $583.03 $0.00 $1,187.38 $211,772.67
199 $211,772.67 $583.03 $0.00 $1,197.39 $213,553.09
200 $213,553.09 $583.03 $0.00 $1,207.46 $215,343.58
201 $215,343.58 $583.03 $0.00 $1,217.58 $217,144.19
202 $217,144.19 $583.03 $0.00 $1,227.76 $218,954.98
203 $218,954.98 $583.03 $0.00 $1,238.00 $220,776.01
204 $220,776.01 $583.03 $0.00 $1,248.30 $222,607.34
205 $222,607.34 $583.03 $0.00 $1,258.65 $224,449.02
206 $224,449.02 $583.03 $0.00 $1,269.07 $226,301.12
207 $226,301.12 $583.03 $0.00 $1,279.54 $228,163.69
208 $228,163.69 $583.03 $0.00 $1,290.07 $230,036.79
209 $230,036.79 $583.03 $0.00 $1,300.66 $231,920.48
210 $231,920.48 $583.03 $0.00 $1,311.31 $233,814.82
211 $233,814.82 $583.03 $0.00 $1,322.02 $235,719.87
212 $235,719.87 $583.03 $0.00 $1,332.79 $237,635.69
213 $237,635.69 $583.03 $0.00 $1,343.63 $239,562.35
214 $239,562.35 $583.03 $0.00 $1,354.52 $241,499.90
215 $241,499.90 $583.03 $0.00 $1,365.48 $243,448.41
216 $243,448.41 $583.03 $0.00 $1,376.49 $245,407.93
217 $245,407.93 $583.03 $68,355.21 $1,387.57 $179,023.32
218 $179,023.32 $583.03 $0.00 $1,012.22 $180,618.57
219 $180,618.57 $583.03 $0.00 $1,021.24 $182,222.84
220 $182,222.84 $583.03 $0.00 $1,030.31 $183,836.18
221 $183,836.18 $583.03 $0.00 $1,039.44 $185,458.65
222 $185,458.65 $583.03 $0.00 $1,048.61 $187,090.29
223 $187,090.29 $583.03 $0.00 $1,057.84 $188,731.16
224 $188,731.16 $583.03 $0.00 $1,067.11 $190,381.30
225 $190,381.30 $583.03 $0.00 $1,076.44 $192,040.77
226 $192,040.77 $583.03 $0.00 $1,085.83 $193,709.63
227 $193,709.63 $583.03 $0.00 $1,095.26 $195,387.92
228 $195,387.92 $583.03 $0.00 $1,104.75 $197,075.70
229 $197,075.70 $583.03 $71,772.97 $1,114.29 $127,000.05
230 $127,000.05 $583.03 $0.00 $718.08 $128,301.16
231 $128,301.16 $583.03 $0.00 $725.43 $129,609.62
232 $129,609.62 $583.03 $0.00 $732.83 $130,925.48
233 $130,925.48 $583.03 $0.00 $740.27 $132,248.78
234 $132,248.78 $583.03 $0.00 $747.75 $133,579.56
235 $133,579.56 $583.03 $0.00 $755.28 $134,917.87
236 $134,917.87 $583.03 $0.00 $762.85 $136,263.75
237 $136,263.75 $583.03 $0.00 $770.46 $137,617.24
238 $137,617.24 $583.03 $0.00 $778.11 $138,978.38
239 $138,978.38 $583.03 $0.00 $785.80 $140,347.21
240 $140,347.21 $583.03 $0.00 $793.54 $141,723.78
241 $141,723.78 $583.03 $75,361.61 $801.33 $67,746.53
242 $67,746.53 $583.03 $0.00 $383.05 $68,712.61
243 $68,712.61 $583.03 $0.00 $388.51 $69,684.15
244 $69,684.15 $583.03 $0.00 $394.00 $70,661.18
245 $70,661.18 $583.03 $0.00 $399.53 $71,643.74
246 $71,643.74 $583.03 $0.00 $405.08 $72,631.85
247 $72,631.85 $583.03 $0.00 $410.67 $73,625.55
248 $73,625.55 $583.03 $0.00 $416.29 $74,624.87
249 $74,624.87 $583.03 $0.00 $421.94 $75,629.84
250 $75,629.84 $583.03 $0.00 $427.62 $76,640.49
251 $76,640.49 $583.03 $0.00 $433.34 $77,656.86
252 $77,656.86 $583.03 $0.00 $439.08 $78,678.97
253 $78,678.97 $0.00 $79,129.70 $444.86 ($5.87)