Savings Plan and Future Cost Estimation for Mendocino College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$58,302
Monthly savings required$259

How much will it cost to send your child to Mendocino College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $116,604.91 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $259.12 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$23,635.00
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 $259.12 $0.00 $0.00 $259.12
2 $259.12 $259.12 $0.00 $1.47 $519.71
3 $519.71 $259.12 $0.00 $2.94 $781.77
4 $781.77 $259.12 $0.00 $4.42 $1,045.31
5 $1,045.31 $259.12 $0.00 $5.91 $1,310.34
6 $1,310.34 $259.12 $0.00 $7.41 $1,576.87
7 $1,576.87 $259.12 $0.00 $8.92 $1,844.91
8 $1,844.91 $259.12 $0.00 $10.43 $2,114.46
9 $2,114.46 $259.12 $0.00 $11.96 $2,385.54
10 $2,385.54 $259.12 $0.00 $13.49 $2,658.15
11 $2,658.15 $259.12 $0.00 $15.03 $2,932.30
12 $2,932.30 $259.12 $0.00 $16.58 $3,208.00
13 $3,208.00 $259.12 $0.00 $18.14 $3,485.26
14 $3,485.26 $259.12 $0.00 $19.71 $3,764.09
15 $3,764.09 $259.12 $0.00 $21.28 $4,044.49
16 $4,044.49 $259.12 $0.00 $22.87 $4,326.48
17 $4,326.48 $259.12 $0.00 $24.46 $4,610.06
18 $4,610.06 $259.12 $0.00 $26.07 $4,895.25
19 $4,895.25 $259.12 $0.00 $27.68 $5,182.05
20 $5,182.05 $259.12 $0.00 $29.30 $5,470.47
21 $5,470.47 $259.12 $0.00 $30.93 $5,760.52
22 $5,760.52 $259.12 $0.00 $32.57 $6,052.21
23 $6,052.21 $259.12 $0.00 $34.22 $6,345.55
24 $6,345.55 $259.12 $0.00 $35.88 $6,640.55
25 $6,640.55 $259.12 $0.00 $37.55 $6,937.22
26 $6,937.22 $259.12 $0.00 $39.22 $7,235.56
27 $7,235.56 $259.12 $0.00 $40.91 $7,535.59
28 $7,535.59 $259.12 $0.00 $42.61 $7,837.32
29 $7,837.32 $259.12 $0.00 $44.31 $8,140.75
30 $8,140.75 $259.12 $0.00 $46.03 $8,445.90
31 $8,445.90 $259.12 $0.00 $47.75 $8,752.77
32 $8,752.77 $259.12 $0.00 $49.49 $9,061.38
33 $9,061.38 $259.12 $0.00 $51.23 $9,371.73
34 $9,371.73 $259.12 $0.00 $52.99 $9,683.84
35 $9,683.84 $259.12 $0.00 $54.75 $9,997.71
36 $9,997.71 $259.12 $0.00 $56.53 $10,313.36
37 $10,313.36 $259.12 $0.00 $58.31 $10,630.79
38 $10,630.79 $259.12 $0.00 $60.11 $10,950.02
39 $10,950.02 $259.12 $0.00 $61.91 $11,271.05
40 $11,271.05 $259.12 $0.00 $63.73 $11,593.90
41 $11,593.90 $259.12 $0.00 $65.55 $11,918.57
42 $11,918.57 $259.12 $0.00 $67.39 $12,245.08
43 $12,245.08 $259.12 $0.00 $69.24 $12,573.44
44 $12,573.44 $259.12 $0.00 $71.09 $12,903.65
45 $12,903.65 $259.12 $0.00 $72.96 $13,235.73
46 $13,235.73 $259.12 $0.00 $74.84 $13,569.69
47 $13,569.69 $259.12 $0.00 $76.73 $13,905.54
48 $13,905.54 $259.12 $0.00 $78.62 $14,243.28
49 $14,243.28 $259.12 $0.00 $80.53 $14,582.93
50 $14,582.93 $259.12 $0.00 $82.45 $14,924.50
51 $14,924.50 $259.12 $0.00 $84.39 $15,268.01
52 $15,268.01 $259.12 $0.00 $86.33 $15,613.46
53 $15,613.46 $259.12 $0.00 $88.28 $15,960.86
54 $15,960.86 $259.12 $0.00 $90.25 $16,310.23
55 $16,310.23 $259.12 $0.00 $92.22 $16,661.57
56 $16,661.57 $259.12 $0.00 $94.21 $17,014.90
57 $17,014.90 $259.12 $0.00 $96.20 $17,370.22
58 $17,370.22 $259.12 $0.00 $98.21 $17,727.55
59 $17,727.55 $259.12 $0.00 $100.23 $18,086.90
60 $18,086.90 $259.12 $0.00 $102.27 $18,448.29
61 $18,448.29 $259.12 $0.00 $104.31 $18,811.72
62 $18,811.72 $259.12 $0.00 $106.36 $19,177.20
63 $19,177.20 $259.12 $0.00 $108.43 $19,544.75
64 $19,544.75 $259.12 $0.00 $110.51 $19,914.38
65 $19,914.38 $259.12 $0.00 $112.60 $20,286.10
66 $20,286.10 $259.12 $0.00 $114.70 $20,659.92
67 $20,659.92 $259.12 $0.00 $116.81 $21,035.85
68 $21,035.85 $259.12 $0.00 $118.94 $21,413.91
69 $21,413.91 $259.12 $0.00 $121.08 $21,794.11
70 $21,794.11 $259.12 $0.00 $123.23 $22,176.46
71 $22,176.46 $259.12 $0.00 $125.39 $22,560.97
72 $22,560.97 $259.12 $0.00 $127.56 $22,947.65
73 $22,947.65 $259.12 $0.00 $129.75 $23,336.52
74 $23,336.52 $259.12 $0.00 $131.95 $23,727.59
75 $23,727.59 $259.12 $0.00 $134.16 $24,120.87
76 $24,120.87 $259.12 $0.00 $136.38 $24,516.37
77 $24,516.37 $259.12 $0.00 $138.62 $24,914.11
78 $24,914.11 $259.12 $0.00 $140.87 $25,314.10
79 $25,314.10 $259.12 $0.00 $143.13 $25,716.35
80 $25,716.35 $259.12 $0.00 $145.40 $26,120.87
81 $26,120.87 $259.12 $0.00 $147.69 $26,527.68
82 $26,527.68 $259.12 $0.00 $149.99 $26,936.79
83 $26,936.79 $259.12 $0.00 $152.30 $27,348.21
84 $27,348.21 $259.12 $0.00 $154.63 $27,761.96
85 $27,761.96 $259.12 $0.00 $156.97 $28,178.05
86 $28,178.05 $259.12 $0.00 $159.32 $28,596.49
87 $28,596.49 $259.12 $0.00 $161.69 $29,017.30
88 $29,017.30 $259.12 $0.00 $164.07 $29,440.49
89 $29,440.49 $259.12 $0.00 $166.46 $29,866.07
90 $29,866.07 $259.12 $0.00 $168.87 $30,294.06
91 $30,294.06 $259.12 $0.00 $171.29 $30,724.47
92 $30,724.47 $259.12 $0.00 $173.72 $31,157.31
93 $31,157.31 $259.12 $0.00 $176.17 $31,592.60
94 $31,592.60 $259.12 $0.00 $178.63 $32,030.35
95 $32,030.35 $259.12 $0.00 $181.10 $32,470.57
96 $32,470.57 $259.12 $0.00 $183.59 $32,913.28
97 $32,913.28 $259.12 $0.00 $186.10 $33,358.50
98 $33,358.50 $259.12 $0.00 $188.61 $33,806.23
99 $33,806.23 $259.12 $0.00 $191.15 $34,256.50
100 $34,256.50 $259.12 $0.00 $193.69 $34,709.31
101 $34,709.31 $259.12 $0.00 $196.25 $35,164.68
102 $35,164.68 $259.12 $0.00 $198.83 $35,622.63
103 $35,622.63 $259.12 $0.00 $201.42 $36,083.17
104 $36,083.17 $259.12 $0.00 $204.02 $36,546.31
105 $36,546.31 $259.12 $0.00 $206.64 $37,012.07
106 $37,012.07 $259.12 $0.00 $209.27 $37,480.46
107 $37,480.46 $259.12 $0.00 $211.92 $37,951.50
108 $37,951.50 $259.12 $0.00 $214.58 $38,425.20
109 $38,425.20 $259.12 $0.00 $217.26 $38,901.58
110 $38,901.58 $259.12 $0.00 $219.96 $39,380.66
111 $39,380.66 $259.12 $0.00 $222.66 $39,862.44
112 $39,862.44 $259.12 $0.00 $225.39 $40,346.95
113 $40,346.95 $259.12 $0.00 $228.13 $40,834.20
114 $40,834.20 $259.12 $0.00 $230.88 $41,324.20
115 $41,324.20 $259.12 $0.00 $233.65 $41,816.97
116 $41,816.97 $259.12 $0.00 $236.44 $42,312.53
117 $42,312.53 $259.12 $0.00 $239.24 $42,810.89
118 $42,810.89 $259.12 $0.00 $242.06 $43,312.07
119 $43,312.07 $259.12 $0.00 $244.89 $43,816.08
120 $43,816.08 $259.12 $0.00 $247.74 $44,322.94
121 $44,322.94 $259.12 $0.00 $250.61 $44,832.67
122 $44,832.67 $259.12 $0.00 $253.49 $45,345.28
123 $45,345.28 $259.12 $0.00 $256.39 $45,860.79
124 $45,860.79 $259.12 $0.00 $259.30 $46,379.21
125 $46,379.21 $259.12 $0.00 $262.23 $46,900.56
126 $46,900.56 $259.12 $0.00 $265.18 $47,424.86
127 $47,424.86 $259.12 $0.00 $268.15 $47,952.13
128 $47,952.13 $259.12 $0.00 $271.13 $48,482.38
129 $48,482.38 $259.12 $0.00 $274.13 $49,015.63
130 $49,015.63 $259.12 $0.00 $277.14 $49,551.89
131 $49,551.89 $259.12 $0.00 $280.17 $50,091.18
132 $50,091.18 $259.12 $0.00 $283.22 $50,633.52
133 $50,633.52 $259.12 $0.00 $286.29 $51,178.93
134 $51,178.93 $259.12 $0.00 $289.37 $51,727.42
135 $51,727.42 $259.12 $0.00 $292.47 $52,279.01
136 $52,279.01 $259.12 $0.00 $295.59 $52,833.72
137 $52,833.72 $259.12 $0.00 $298.73 $53,391.57
138 $53,391.57 $259.12 $0.00 $301.88 $53,952.57
139 $53,952.57 $259.12 $0.00 $305.06 $54,516.75
140 $54,516.75 $259.12 $0.00 $308.25 $55,084.12
141 $55,084.12 $259.12 $0.00 $311.45 $55,654.69
142 $55,654.69 $259.12 $0.00 $314.68 $56,228.49
143 $56,228.49 $259.12 $0.00 $317.92 $56,805.53
144 $56,805.53 $259.12 $0.00 $321.19 $57,385.84
145 $57,385.84 $259.12 $0.00 $324.47 $57,969.43
146 $57,969.43 $259.12 $0.00 $327.77 $58,556.32
147 $58,556.32 $259.12 $0.00 $331.09 $59,146.53
148 $59,146.53 $259.12 $0.00 $334.42 $59,740.07
149 $59,740.07 $259.12 $0.00 $337.78 $60,336.97
150 $60,336.97 $259.12 $0.00 $341.15 $60,937.24
151 $60,937.24 $259.12 $0.00 $344.55 $61,540.91
152 $61,540.91 $259.12 $0.00 $347.96 $62,147.99
153 $62,147.99 $259.12 $0.00 $351.39 $62,758.50
154 $62,758.50 $259.12 $0.00 $354.85 $63,372.47
155 $63,372.47 $259.12 $0.00 $358.32 $63,989.91
156 $63,989.91 $259.12 $0.00 $361.81 $64,610.84
157 $64,610.84 $259.12 $0.00 $365.32 $65,235.28
158 $65,235.28 $259.12 $0.00 $368.85 $65,863.25
159 $65,863.25 $259.12 $0.00 $372.40 $66,494.77
160 $66,494.77 $259.12 $0.00 $375.97 $67,129.86
161 $67,129.86 $259.12 $0.00 $379.56 $67,768.54
162 $67,768.54 $259.12 $0.00 $383.17 $68,410.83
163 $68,410.83 $259.12 $0.00 $386.80 $69,056.75
164 $69,056.75 $259.12 $0.00 $390.46 $69,706.33
165 $69,706.33 $259.12 $0.00 $394.13 $70,359.58
166 $70,359.58 $259.12 $0.00 $397.82 $71,016.52
167 $71,016.52 $259.12 $0.00 $401.54 $71,677.18
168 $71,677.18 $259.12 $0.00 $405.27 $72,341.57
169 $72,341.57 $259.12 $0.00 $409.03 $73,009.72
170 $73,009.72 $259.12 $0.00 $412.81 $73,681.65
171 $73,681.65 $259.12 $0.00 $416.61 $74,357.38
172 $74,357.38 $259.12 $0.00 $420.43 $75,036.93
173 $75,036.93 $259.12 $0.00 $424.27 $75,720.32
174 $75,720.32 $259.12 $0.00 $428.13 $76,407.57
175 $76,407.57 $259.12 $0.00 $432.02 $77,098.71
176 $77,098.71 $259.12 $0.00 $435.93 $77,793.76
177 $77,793.76 $259.12 $0.00 $439.86 $78,492.74
178 $78,492.74 $259.12 $0.00 $443.81 $79,195.67
179 $79,195.67 $259.12 $0.00 $447.78 $79,902.57
180 $79,902.57 $259.12 $0.00 $451.78 $80,613.47
181 $80,613.47 $259.12 $0.00 $455.80 $81,328.39
182 $81,328.39 $259.12 $0.00 $459.84 $82,047.35
183 $82,047.35 $259.12 $0.00 $463.91 $82,770.38
184 $82,770.38 $259.12 $0.00 $468.00 $83,497.50
185 $83,497.50 $259.12 $0.00 $472.11 $84,228.73
186 $84,228.73 $259.12 $0.00 $476.24 $84,964.09
187 $84,964.09 $259.12 $0.00 $480.40 $85,703.61
188 $85,703.61 $259.12 $0.00 $484.58 $86,447.31
189 $86,447.31 $259.12 $0.00 $488.79 $87,195.22
190 $87,195.22 $259.12 $0.00 $493.01 $87,947.35
191 $87,947.35 $259.12 $0.00 $497.27 $88,703.74
192 $88,703.74 $259.12 $0.00 $501.54 $89,464.40
193 $89,464.40 $259.12 $0.00 $505.84 $90,229.36
194 $90,229.36 $259.12 $0.00 $510.17 $90,998.65
195 $90,998.65 $259.12 $0.00 $514.52 $91,772.29
196 $91,772.29 $259.12 $0.00 $518.89 $92,550.30
197 $92,550.30 $259.12 $0.00 $523.29 $93,332.71
198 $93,332.71 $259.12 $0.00 $527.72 $94,119.55
199 $94,119.55 $259.12 $0.00 $532.17 $94,910.84
200 $94,910.84 $259.12 $0.00 $536.64 $95,706.60
201 $95,706.60 $259.12 $0.00 $541.14 $96,506.86
202 $96,506.86 $259.12 $0.00 $545.66 $97,311.64
203 $97,311.64 $259.12 $0.00 $550.21 $98,120.97
204 $98,120.97 $259.12 $0.00 $554.79 $98,934.88
205 $98,934.88 $259.12 $0.00 $559.39 $99,753.39
206 $99,753.39 $259.12 $0.00 $564.02 $100,576.53
207 $100,576.53 $259.12 $0.00 $568.67 $101,404.32
208 $101,404.32 $259.12 $0.00 $573.35 $102,236.79
209 $102,236.79 $259.12 $0.00 $578.06 $103,073.97
210 $103,073.97 $259.12 $0.00 $582.80 $103,915.89
211 $103,915.89 $259.12 $0.00 $587.56 $104,762.57
212 $104,762.57 $259.12 $0.00 $592.34 $105,614.03
213 $105,614.03 $259.12 $0.00 $597.16 $106,470.31
214 $106,470.31 $259.12 $0.00 $602.00 $107,331.43
215 $107,331.43 $259.12 $0.00 $606.87 $108,197.42
216 $108,197.42 $259.12 $0.00 $611.76 $109,068.30
217 $109,068.30 $259.12 $56,880.45 $616.69 $53,063.66
218 $53,063.66 $259.12 $0.00 $300.03 $53,622.81
219 $53,622.81 $259.12 $0.00 $303.19 $54,185.12
220 $54,185.12 $259.12 $0.00 $306.37 $54,750.61
221 $54,750.61 $259.12 $0.00 $309.57 $55,319.30
222 $55,319.30 $259.12 $0.00 $312.78 $55,891.20
223 $55,891.20 $259.12 $0.00 $316.02 $56,466.34
224 $56,466.34 $259.12 $0.00 $319.27 $57,044.73
225 $57,044.73 $259.12 $0.00 $322.54 $57,626.39
226 $57,626.39 $259.12 $0.00 $325.83 $58,211.34
227 $58,211.34 $259.12 $0.00 $329.14 $58,799.60
228 $58,799.60 $259.12 $0.00 $332.46 $59,391.18
229 $59,391.18 $0.00 $59,724.47 $335.81 $2.52