Savings Plan and Future Cost Estimation for Sierra College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$48,429
Monthly savings required$215

How much will it cost to send your child to Sierra College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $96,858.99 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $215.16 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$13,844.00
Years until enrollment18
Annual Tuition Increase7%
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 $215.16 $0.00 $0.00 $215.16
2 $215.16 $215.16 $0.00 $1.22 $431.54
3 $431.54 $215.16 $0.00 $2.44 $649.14
4 $649.14 $215.16 $0.00 $3.67 $867.97
5 $867.97 $215.16 $0.00 $4.91 $1,088.04
6 $1,088.04 $215.16 $0.00 $6.15 $1,309.35
7 $1,309.35 $215.16 $0.00 $7.40 $1,531.91
8 $1,531.91 $215.16 $0.00 $8.66 $1,755.73
9 $1,755.73 $215.16 $0.00 $9.93 $1,980.82
10 $1,980.82 $215.16 $0.00 $11.20 $2,207.18
11 $2,207.18 $215.16 $0.00 $12.48 $2,434.82
12 $2,434.82 $215.16 $0.00 $13.77 $2,663.75
13 $2,663.75 $215.16 $0.00 $15.06 $2,893.97
14 $2,893.97 $215.16 $0.00 $16.36 $3,125.49
15 $3,125.49 $215.16 $0.00 $17.67 $3,358.32
16 $3,358.32 $215.16 $0.00 $18.99 $3,592.47
17 $3,592.47 $215.16 $0.00 $20.31 $3,827.94
18 $3,827.94 $215.16 $0.00 $21.64 $4,064.74
19 $4,064.74 $215.16 $0.00 $22.98 $4,302.88
20 $4,302.88 $215.16 $0.00 $24.33 $4,542.37
21 $4,542.37 $215.16 $0.00 $25.68 $4,783.21
22 $4,783.21 $215.16 $0.00 $27.04 $5,025.41
23 $5,025.41 $215.16 $0.00 $28.41 $5,268.98
24 $5,268.98 $215.16 $0.00 $29.79 $5,513.93
25 $5,513.93 $215.16 $0.00 $31.18 $5,760.27
26 $5,760.27 $215.16 $0.00 $32.57 $6,008.00
27 $6,008.00 $215.16 $0.00 $33.97 $6,257.13
28 $6,257.13 $215.16 $0.00 $35.38 $6,507.67
29 $6,507.67 $215.16 $0.00 $36.80 $6,759.63
30 $6,759.63 $215.16 $0.00 $38.22 $7,013.01
31 $7,013.01 $215.16 $0.00 $39.65 $7,267.82
32 $7,267.82 $215.16 $0.00 $41.09 $7,524.07
33 $7,524.07 $215.16 $0.00 $42.54 $7,781.77
34 $7,781.77 $215.16 $0.00 $44.00 $8,040.93
35 $8,040.93 $215.16 $0.00 $45.46 $8,301.55
36 $8,301.55 $215.16 $0.00 $46.94 $8,563.65
37 $8,563.65 $215.16 $0.00 $48.42 $8,827.23
38 $8,827.23 $215.16 $0.00 $49.91 $9,092.30
39 $9,092.30 $215.16 $0.00 $51.41 $9,358.87
40 $9,358.87 $215.16 $0.00 $52.92 $9,626.95
41 $9,626.95 $215.16 $0.00 $54.43 $9,896.54
42 $9,896.54 $215.16 $0.00 $55.96 $10,167.66
43 $10,167.66 $215.16 $0.00 $57.49 $10,440.31
44 $10,440.31 $215.16 $0.00 $59.03 $10,714.50
45 $10,714.50 $215.16 $0.00 $60.58 $10,990.24
46 $10,990.24 $215.16 $0.00 $62.14 $11,267.54
47 $11,267.54 $215.16 $0.00 $63.71 $11,546.41
48 $11,546.41 $215.16 $0.00 $65.29 $11,826.86
49 $11,826.86 $215.16 $0.00 $66.87 $12,108.89
50 $12,108.89 $215.16 $0.00 $68.47 $12,392.52
51 $12,392.52 $215.16 $0.00 $70.07 $12,677.75
52 $12,677.75 $215.16 $0.00 $71.68 $12,964.59
53 $12,964.59 $215.16 $0.00 $73.30 $13,253.05
54 $13,253.05 $215.16 $0.00 $74.93 $13,543.14
55 $13,543.14 $215.16 $0.00 $76.57 $13,834.87
56 $13,834.87 $215.16 $0.00 $78.22 $14,128.25
57 $14,128.25 $215.16 $0.00 $79.88 $14,423.29
58 $14,423.29 $215.16 $0.00 $81.55 $14,720.00
59 $14,720.00 $215.16 $0.00 $83.23 $15,018.39
60 $15,018.39 $215.16 $0.00 $84.92 $15,318.47
61 $15,318.47 $215.16 $0.00 $86.61 $15,620.24
62 $15,620.24 $215.16 $0.00 $88.32 $15,923.72
63 $15,923.72 $215.16 $0.00 $90.04 $16,228.92
64 $16,228.92 $215.16 $0.00 $91.76 $16,535.84
65 $16,535.84 $215.16 $0.00 $93.50 $16,844.50
66 $16,844.50 $215.16 $0.00 $95.24 $17,154.90
67 $17,154.90 $215.16 $0.00 $97.00 $17,467.06
68 $17,467.06 $215.16 $0.00 $98.76 $17,780.98
69 $17,780.98 $215.16 $0.00 $100.54 $18,096.68
70 $18,096.68 $215.16 $0.00 $102.32 $18,414.16
71 $18,414.16 $215.16 $0.00 $104.12 $18,733.44
72 $18,733.44 $215.16 $0.00 $105.92 $19,054.52
73 $19,054.52 $215.16 $0.00 $107.74 $19,377.42
74 $19,377.42 $215.16 $0.00 $109.56 $19,702.14
75 $19,702.14 $215.16 $0.00 $111.40 $20,028.70
76 $20,028.70 $215.16 $0.00 $113.25 $20,357.11
77 $20,357.11 $215.16 $0.00 $115.10 $20,687.37
78 $20,687.37 $215.16 $0.00 $116.97 $21,019.50
79 $21,019.50 $215.16 $0.00 $118.85 $21,353.51
80 $21,353.51 $215.16 $0.00 $120.74 $21,689.41
81 $21,689.41 $215.16 $0.00 $122.64 $22,027.21
82 $22,027.21 $215.16 $0.00 $124.55 $22,366.92
83 $22,366.92 $215.16 $0.00 $126.47 $22,708.55
84 $22,708.55 $215.16 $0.00 $128.40 $23,052.11
85 $23,052.11 $215.16 $0.00 $130.34 $23,397.61
86 $23,397.61 $215.16 $0.00 $132.29 $23,745.06
87 $23,745.06 $215.16 $0.00 $134.26 $24,094.48
88 $24,094.48 $215.16 $0.00 $136.23 $24,445.87
89 $24,445.87 $215.16 $0.00 $138.22 $24,799.25
90 $24,799.25 $215.16 $0.00 $140.22 $25,154.63
91 $25,154.63 $215.16 $0.00 $142.23 $25,512.02
92 $25,512.02 $215.16 $0.00 $144.25 $25,871.43
93 $25,871.43 $215.16 $0.00 $146.28 $26,232.87
94 $26,232.87 $215.16 $0.00 $148.32 $26,596.35
95 $26,596.35 $215.16 $0.00 $150.38 $26,961.89
96 $26,961.89 $215.16 $0.00 $152.45 $27,329.50
97 $27,329.50 $215.16 $0.00 $154.52 $27,699.18
98 $27,699.18 $215.16 $0.00 $156.62 $28,070.96
99 $28,070.96 $215.16 $0.00 $158.72 $28,444.84
100 $28,444.84 $215.16 $0.00 $160.83 $28,820.83
101 $28,820.83 $215.16 $0.00 $162.96 $29,198.95
102 $29,198.95 $215.16 $0.00 $165.10 $29,579.21
103 $29,579.21 $215.16 $0.00 $167.25 $29,961.62
104 $29,961.62 $215.16 $0.00 $169.41 $30,346.19
105 $30,346.19 $215.16 $0.00 $171.58 $30,732.93
106 $30,732.93 $215.16 $0.00 $173.77 $31,121.86
107 $31,121.86 $215.16 $0.00 $175.97 $31,512.99
108 $31,512.99 $215.16 $0.00 $178.18 $31,906.33
109 $31,906.33 $215.16 $0.00 $180.40 $32,301.89
110 $32,301.89 $215.16 $0.00 $182.64 $32,699.69
111 $32,699.69 $215.16 $0.00 $184.89 $33,099.74
112 $33,099.74 $215.16 $0.00 $187.15 $33,502.05
113 $33,502.05 $215.16 $0.00 $189.43 $33,906.64
114 $33,906.64 $215.16 $0.00 $191.71 $34,313.51
115 $34,313.51 $215.16 $0.00 $194.01 $34,722.68
116 $34,722.68 $215.16 $0.00 $196.33 $35,134.17
117 $35,134.17 $215.16 $0.00 $198.65 $35,547.98
118 $35,547.98 $215.16 $0.00 $200.99 $35,964.13
119 $35,964.13 $215.16 $0.00 $203.35 $36,382.64
120 $36,382.64 $215.16 $0.00 $205.71 $36,803.51
121 $36,803.51 $215.16 $0.00 $208.09 $37,226.76
122 $37,226.76 $215.16 $0.00 $210.49 $37,652.41
123 $37,652.41 $215.16 $0.00 $212.89 $38,080.46
124 $38,080.46 $215.16 $0.00 $215.31 $38,510.93
125 $38,510.93 $215.16 $0.00 $217.75 $38,943.84
126 $38,943.84 $215.16 $0.00 $220.19 $39,379.19
127 $39,379.19 $215.16 $0.00 $222.66 $39,817.01
128 $39,817.01 $215.16 $0.00 $225.13 $40,257.30
129 $40,257.30 $215.16 $0.00 $227.62 $40,700.08
130 $40,700.08 $215.16 $0.00 $230.12 $41,145.36
131 $41,145.36 $215.16 $0.00 $232.64 $41,593.16
132 $41,593.16 $215.16 $0.00 $235.17 $42,043.49
133 $42,043.49 $215.16 $0.00 $237.72 $42,496.37
134 $42,496.37 $215.16 $0.00 $240.28 $42,951.81
135 $42,951.81 $215.16 $0.00 $242.86 $43,409.83
136 $43,409.83 $215.16 $0.00 $245.45 $43,870.44
137 $43,870.44 $215.16 $0.00 $248.05 $44,333.65
138 $44,333.65 $215.16 $0.00 $250.67 $44,799.48
139 $44,799.48 $215.16 $0.00 $253.30 $45,267.94
140 $45,267.94 $215.16 $0.00 $255.95 $45,739.05
141 $45,739.05 $215.16 $0.00 $258.62 $46,212.83
142 $46,212.83 $215.16 $0.00 $261.29 $46,689.28
143 $46,689.28 $215.16 $0.00 $263.99 $47,168.43
144 $47,168.43 $215.16 $0.00 $266.70 $47,650.29
145 $47,650.29 $215.16 $0.00 $269.42 $48,134.87
146 $48,134.87 $215.16 $0.00 $272.16 $48,622.19
147 $48,622.19 $215.16 $0.00 $274.92 $49,112.27
148 $49,112.27 $215.16 $0.00 $277.69 $49,605.12
149 $49,605.12 $215.16 $0.00 $280.47 $50,100.75
150 $50,100.75 $215.16 $0.00 $283.28 $50,599.19
151 $50,599.19 $215.16 $0.00 $286.10 $51,100.45
152 $51,100.45 $215.16 $0.00 $288.93 $51,604.54
153 $51,604.54 $215.16 $0.00 $291.78 $52,111.48
154 $52,111.48 $215.16 $0.00 $294.65 $52,621.29
155 $52,621.29 $215.16 $0.00 $297.53 $53,133.98
156 $53,133.98 $215.16 $0.00 $300.43 $53,649.57
157 $53,649.57 $215.16 $0.00 $303.34 $54,168.07
158 $54,168.07 $215.16 $0.00 $306.27 $54,689.50
159 $54,689.50 $215.16 $0.00 $309.22 $55,213.88
160 $55,213.88 $215.16 $0.00 $312.19 $55,741.23
161 $55,741.23 $215.16 $0.00 $315.17 $56,271.56
162 $56,271.56 $215.16 $0.00 $318.17 $56,804.89
163 $56,804.89 $215.16 $0.00 $321.18 $57,341.23
164 $57,341.23 $215.16 $0.00 $324.22 $57,880.61
165 $57,880.61 $215.16 $0.00 $327.27 $58,423.04
166 $58,423.04 $215.16 $0.00 $330.33 $58,968.53
167 $58,968.53 $215.16 $0.00 $333.42 $59,517.11
168 $59,517.11 $215.16 $0.00 $336.52 $60,068.79
169 $60,068.79 $215.16 $0.00 $339.64 $60,623.59
170 $60,623.59 $215.16 $0.00 $342.77 $61,181.52
171 $61,181.52 $215.16 $0.00 $345.93 $61,742.61
172 $61,742.61 $215.16 $0.00 $349.10 $62,306.87
173 $62,306.87 $215.16 $0.00 $352.29 $62,874.32
174 $62,874.32 $215.16 $0.00 $355.50 $63,444.98
175 $63,444.98 $215.16 $0.00 $358.73 $64,018.87
176 $64,018.87 $215.16 $0.00 $361.97 $64,596.00
177 $64,596.00 $215.16 $0.00 $365.24 $65,176.40
178 $65,176.40 $215.16 $0.00 $368.52 $65,760.08
179 $65,760.08 $215.16 $0.00 $371.82 $66,347.06
180 $66,347.06 $215.16 $0.00 $375.14 $66,937.36
181 $66,937.36 $215.16 $0.00 $378.47 $67,530.99
182 $67,530.99 $215.16 $0.00 $381.83 $68,127.98
183 $68,127.98 $215.16 $0.00 $385.21 $68,728.35
184 $68,728.35 $215.16 $0.00 $388.60 $69,332.11
185 $69,332.11 $215.16 $0.00 $392.01 $69,939.28
186 $69,939.28 $215.16 $0.00 $395.45 $70,549.89
187 $70,549.89 $215.16 $0.00 $398.90 $71,163.95
188 $71,163.95 $215.16 $0.00 $402.37 $71,781.48
189 $71,781.48 $215.16 $0.00 $405.86 $72,402.50
190 $72,402.50 $215.16 $0.00 $409.37 $73,027.03
191 $73,027.03 $215.16 $0.00 $412.91 $73,655.10
192 $73,655.10 $215.16 $0.00 $416.46 $74,286.72
193 $74,286.72 $215.16 $0.00 $420.03 $74,921.91
194 $74,921.91 $215.16 $0.00 $423.62 $75,560.69
195 $75,560.69 $215.16 $0.00 $427.23 $76,203.08
196 $76,203.08 $215.16 $0.00 $430.86 $76,849.10
197 $76,849.10 $215.16 $0.00 $434.52 $77,498.78
198 $77,498.78 $215.16 $0.00 $438.19 $78,152.13
199 $78,152.13 $215.16 $0.00 $441.88 $78,809.17
200 $78,809.17 $215.16 $0.00 $445.60 $79,469.93
201 $79,469.93 $215.16 $0.00 $449.33 $80,134.42
202 $80,134.42 $215.16 $0.00 $453.09 $80,802.67
203 $80,802.67 $215.16 $0.00 $456.87 $81,474.70
204 $81,474.70 $215.16 $0.00 $460.67 $82,150.53
205 $82,150.53 $215.16 $0.00 $464.49 $82,830.18
206 $82,830.18 $215.16 $0.00 $468.33 $83,513.67
207 $83,513.67 $215.16 $0.00 $472.20 $84,201.03
208 $84,201.03 $215.16 $0.00 $476.08 $84,892.27
209 $84,892.27 $215.16 $0.00 $479.99 $85,587.42
210 $85,587.42 $215.16 $0.00 $483.92 $86,286.50
211 $86,286.50 $215.16 $0.00 $487.88 $86,989.54
212 $86,989.54 $215.16 $0.00 $491.85 $87,696.55
213 $87,696.55 $215.16 $0.00 $495.85 $88,407.56
214 $88,407.56 $215.16 $0.00 $499.87 $89,122.59
215 $89,122.59 $215.16 $0.00 $503.91 $89,841.66
216 $89,841.66 $215.16 $0.00 $507.98 $90,564.80
217 $90,564.80 $215.16 $46,791.78 $512.07 $44,500.25
218 $44,500.25 $215.16 $0.00 $251.61 $44,967.02
219 $44,967.02 $215.16 $0.00 $254.25 $45,436.43
220 $45,436.43 $215.16 $0.00 $256.90 $45,908.49
221 $45,908.49 $215.16 $0.00 $259.57 $46,383.22
222 $46,383.22 $215.16 $0.00 $262.26 $46,860.64
223 $46,860.64 $215.16 $0.00 $264.96 $47,340.76
224 $47,340.76 $215.16 $0.00 $267.67 $47,823.59
225 $47,823.59 $215.16 $0.00 $270.40 $48,309.15
226 $48,309.15 $215.16 $0.00 $273.15 $48,797.46
227 $48,797.46 $215.16 $0.00 $275.91 $49,288.53
228 $49,288.53 $215.16 $0.00 $278.68 $49,782.37
229 $49,782.37 $0.00 $50,067.21 $281.48 -$3.36