Savings Plan and Future Cost Estimation for Colorado Academy of Veterinary Technology

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$66,302
Monthly savings required$295

How much will it cost to send your child to Colorado Academy of Veterinary Technology in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $132,604.48 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $294.66 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$26,878.00
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 $294.66 $0.00 $0.00 $294.66
2 $294.66 $294.66 $0.00 $1.67 $590.99
3 $590.99 $294.66 $0.00 $3.34 $888.99
4 $888.99 $294.66 $0.00 $5.03 $1,188.68
5 $1,188.68 $294.66 $0.00 $6.72 $1,490.06
6 $1,490.06 $294.66 $0.00 $8.43 $1,793.15
7 $1,793.15 $294.66 $0.00 $10.14 $2,097.95
8 $2,097.95 $294.66 $0.00 $11.86 $2,404.47
9 $2,404.47 $294.66 $0.00 $13.60 $2,712.73
10 $2,712.73 $294.66 $0.00 $15.34 $3,022.73
11 $3,022.73 $294.66 $0.00 $17.09 $3,334.48
12 $3,334.48 $294.66 $0.00 $18.85 $3,647.99
13 $3,647.99 $294.66 $0.00 $20.63 $3,963.28
14 $3,963.28 $294.66 $0.00 $22.41 $4,280.35
15 $4,280.35 $294.66 $0.00 $24.20 $4,599.21
16 $4,599.21 $294.66 $0.00 $26.00 $4,919.87
17 $4,919.87 $294.66 $0.00 $27.82 $5,242.35
18 $5,242.35 $294.66 $0.00 $29.64 $5,566.65
19 $5,566.65 $294.66 $0.00 $31.47 $5,892.78
20 $5,892.78 $294.66 $0.00 $33.32 $6,220.76
21 $6,220.76 $294.66 $0.00 $35.17 $6,550.59
22 $6,550.59 $294.66 $0.00 $37.04 $6,882.29
23 $6,882.29 $294.66 $0.00 $38.91 $7,215.86
24 $7,215.86 $294.66 $0.00 $40.80 $7,551.32
25 $7,551.32 $294.66 $0.00 $42.70 $7,888.68
26 $7,888.68 $294.66 $0.00 $44.60 $8,227.94
27 $8,227.94 $294.66 $0.00 $46.52 $8,569.12
28 $8,569.12 $294.66 $0.00 $48.45 $8,912.23
29 $8,912.23 $294.66 $0.00 $50.39 $9,257.28
30 $9,257.28 $294.66 $0.00 $52.34 $9,604.28
31 $9,604.28 $294.66 $0.00 $54.30 $9,953.24
32 $9,953.24 $294.66 $0.00 $56.28 $10,304.18
33 $10,304.18 $294.66 $0.00 $58.26 $10,657.10
34 $10,657.10 $294.66 $0.00 $60.26 $11,012.02
35 $11,012.02 $294.66 $0.00 $62.26 $11,368.94
36 $11,368.94 $294.66 $0.00 $64.28 $11,727.88
37 $11,727.88 $294.66 $0.00 $66.31 $12,088.85
38 $12,088.85 $294.66 $0.00 $68.35 $12,451.86
39 $12,451.86 $294.66 $0.00 $70.40 $12,816.92
40 $12,816.92 $294.66 $0.00 $72.47 $13,184.05
41 $13,184.05 $294.66 $0.00 $74.54 $13,553.25
42 $13,553.25 $294.66 $0.00 $76.63 $13,924.54
43 $13,924.54 $294.66 $0.00 $78.73 $14,297.93
44 $14,297.93 $294.66 $0.00 $80.84 $14,673.43
45 $14,673.43 $294.66 $0.00 $82.97 $15,051.06
46 $15,051.06 $294.66 $0.00 $85.10 $15,430.82
47 $15,430.82 $294.66 $0.00 $87.25 $15,812.73
48 $15,812.73 $294.66 $0.00 $89.41 $16,196.80
49 $16,196.80 $294.66 $0.00 $91.58 $16,583.04
50 $16,583.04 $294.66 $0.00 $93.76 $16,971.46
51 $16,971.46 $294.66 $0.00 $95.96 $17,362.08
52 $17,362.08 $294.66 $0.00 $98.17 $17,754.91
53 $17,754.91 $294.66 $0.00 $100.39 $18,149.96
54 $18,149.96 $294.66 $0.00 $102.62 $18,547.24
55 $18,547.24 $294.66 $0.00 $104.87 $18,946.77
56 $18,946.77 $294.66 $0.00 $107.13 $19,348.56
57 $19,348.56 $294.66 $0.00 $109.40 $19,752.62
58 $19,752.62 $294.66 $0.00 $111.68 $20,158.96
59 $20,158.96 $294.66 $0.00 $113.98 $20,567.60
60 $20,567.60 $294.66 $0.00 $116.29 $20,978.55
61 $20,978.55 $294.66 $0.00 $118.62 $21,391.83
62 $21,391.83 $294.66 $0.00 $120.95 $21,807.44
63 $21,807.44 $294.66 $0.00 $123.30 $22,225.40
64 $22,225.40 $294.66 $0.00 $125.67 $22,645.73
65 $22,645.73 $294.66 $0.00 $128.04 $23,068.43
66 $23,068.43 $294.66 $0.00 $130.43 $23,493.52
67 $23,493.52 $294.66 $0.00 $132.84 $23,921.02
68 $23,921.02 $294.66 $0.00 $135.25 $24,350.93
69 $24,350.93 $294.66 $0.00 $137.68 $24,783.27
70 $24,783.27 $294.66 $0.00 $140.13 $25,218.06
71 $25,218.06 $294.66 $0.00 $142.59 $25,655.31
72 $25,655.31 $294.66 $0.00 $145.06 $26,095.03
73 $26,095.03 $294.66 $0.00 $147.55 $26,537.24
74 $26,537.24 $294.66 $0.00 $150.05 $26,981.95
75 $26,981.95 $294.66 $0.00 $152.56 $27,429.17
76 $27,429.17 $294.66 $0.00 $155.09 $27,878.92
77 $27,878.92 $294.66 $0.00 $157.63 $28,331.21
78 $28,331.21 $294.66 $0.00 $160.19 $28,786.06
79 $28,786.06 $294.66 $0.00 $162.76 $29,243.48
80 $29,243.48 $294.66 $0.00 $165.35 $29,703.49
81 $29,703.49 $294.66 $0.00 $167.95 $30,166.10
82 $30,166.10 $294.66 $0.00 $170.56 $30,631.32
83 $30,631.32 $294.66 $0.00 $173.19 $31,099.17
84 $31,099.17 $294.66 $0.00 $175.84 $31,569.67
85 $31,569.67 $294.66 $0.00 $178.50 $32,042.83
86 $32,042.83 $294.66 $0.00 $181.17 $32,518.66
87 $32,518.66 $294.66 $0.00 $183.87 $32,997.19
88 $32,997.19 $294.66 $0.00 $186.57 $33,478.42
89 $33,478.42 $294.66 $0.00 $189.29 $33,962.37
90 $33,962.37 $294.66 $0.00 $192.03 $34,449.06
91 $34,449.06 $294.66 $0.00 $194.78 $34,938.50
92 $34,938.50 $294.66 $0.00 $197.55 $35,430.71
93 $35,430.71 $294.66 $0.00 $200.33 $35,925.70
94 $35,925.70 $294.66 $0.00 $203.13 $36,423.49
95 $36,423.49 $294.66 $0.00 $205.94 $36,924.09
96 $36,924.09 $294.66 $0.00 $208.77 $37,427.52
97 $37,427.52 $294.66 $0.00 $211.62 $37,933.80
98 $37,933.80 $294.66 $0.00 $214.48 $38,442.94
99 $38,442.94 $294.66 $0.00 $217.36 $38,954.96
100 $38,954.96 $294.66 $0.00 $220.26 $39,469.88
101 $39,469.88 $294.66 $0.00 $223.17 $39,987.71
102 $39,987.71 $294.66 $0.00 $226.10 $40,508.47
103 $40,508.47 $294.66 $0.00 $229.04 $41,032.17
104 $41,032.17 $294.66 $0.00 $232.00 $41,558.83
105 $41,558.83 $294.66 $0.00 $234.98 $42,088.47
106 $42,088.47 $294.66 $0.00 $237.97 $42,621.10
107 $42,621.10 $294.66 $0.00 $240.99 $43,156.75
108 $43,156.75 $294.66 $0.00 $244.01 $43,695.42
109 $43,695.42 $294.66 $0.00 $247.06 $44,237.14
110 $44,237.14 $294.66 $0.00 $250.12 $44,781.92
111 $44,781.92 $294.66 $0.00 $253.20 $45,329.78
112 $45,329.78 $294.66 $0.00 $256.30 $45,880.74
113 $45,880.74 $294.66 $0.00 $259.42 $46,434.82
114 $46,434.82 $294.66 $0.00 $262.55 $46,992.03
115 $46,992.03 $294.66 $0.00 $265.70 $47,552.39
116 $47,552.39 $294.66 $0.00 $268.87 $48,115.92
117 $48,115.92 $294.66 $0.00 $272.05 $48,682.63
118 $48,682.63 $294.66 $0.00 $275.26 $49,252.55
119 $49,252.55 $294.66 $0.00 $278.48 $49,825.69
120 $49,825.69 $294.66 $0.00 $281.72 $50,402.07
121 $50,402.07 $294.66 $0.00 $284.98 $50,981.71
122 $50,981.71 $294.66 $0.00 $288.26 $51,564.63
123 $51,564.63 $294.66 $0.00 $291.55 $52,150.84
124 $52,150.84 $294.66 $0.00 $294.87 $52,740.37
125 $52,740.37 $294.66 $0.00 $298.20 $53,333.23
126 $53,333.23 $294.66 $0.00 $301.55 $53,929.44
127 $53,929.44 $294.66 $0.00 $304.92 $54,529.02
128 $54,529.02 $294.66 $0.00 $308.32 $55,132.00
129 $55,132.00 $294.66 $0.00 $311.72 $55,738.38
130 $55,738.38 $294.66 $0.00 $315.15 $56,348.19
131 $56,348.19 $294.66 $0.00 $318.60 $56,961.45
132 $56,961.45 $294.66 $0.00 $322.07 $57,578.18
133 $57,578.18 $294.66 $0.00 $325.56 $58,198.40
134 $58,198.40 $294.66 $0.00 $329.06 $58,822.12
135 $58,822.12 $294.66 $0.00 $332.59 $59,449.37
136 $59,449.37 $294.66 $0.00 $336.14 $60,080.17
137 $60,080.17 $294.66 $0.00 $339.70 $60,714.53
138 $60,714.53 $294.66 $0.00 $343.29 $61,352.48
139 $61,352.48 $294.66 $0.00 $346.90 $61,994.04
140 $61,994.04 $294.66 $0.00 $350.52 $62,639.22
141 $62,639.22 $294.66 $0.00 $354.17 $63,288.05
142 $63,288.05 $294.66 $0.00 $357.84 $63,940.55
143 $63,940.55 $294.66 $0.00 $361.53 $64,596.74
144 $64,596.74 $294.66 $0.00 $365.24 $65,256.64
145 $65,256.64 $294.66 $0.00 $368.97 $65,920.27
146 $65,920.27 $294.66 $0.00 $372.72 $66,587.65
147 $66,587.65 $294.66 $0.00 $376.50 $67,258.81
148 $67,258.81 $294.66 $0.00 $380.29 $67,933.76
149 $67,933.76 $294.66 $0.00 $384.11 $68,612.53
150 $68,612.53 $294.66 $0.00 $387.95 $69,295.14
151 $69,295.14 $294.66 $0.00 $391.80 $69,981.60
152 $69,981.60 $294.66 $0.00 $395.69 $70,671.95
153 $70,671.95 $294.66 $0.00 $399.59 $71,366.20
154 $71,366.20 $294.66 $0.00 $403.51 $72,064.37
155 $72,064.37 $294.66 $0.00 $407.46 $72,766.49
156 $72,766.49 $294.66 $0.00 $411.43 $73,472.58
157 $73,472.58 $294.66 $0.00 $415.42 $74,182.66
158 $74,182.66 $294.66 $0.00 $419.44 $74,896.76
159 $74,896.76 $294.66 $0.00 $423.48 $75,614.90
160 $75,614.90 $294.66 $0.00 $427.54 $76,337.10
161 $76,337.10 $294.66 $0.00 $431.62 $77,063.38
162 $77,063.38 $294.66 $0.00 $435.73 $77,793.77
163 $77,793.77 $294.66 $0.00 $439.86 $78,528.29
164 $78,528.29 $294.66 $0.00 $444.01 $79,266.96
165 $79,266.96 $294.66 $0.00 $448.19 $80,009.81
166 $80,009.81 $294.66 $0.00 $452.39 $80,756.86
167 $80,756.86 $294.66 $0.00 $456.61 $81,508.13
168 $81,508.13 $294.66 $0.00 $460.86 $82,263.65
169 $82,263.65 $294.66 $0.00 $465.13 $83,023.44
170 $83,023.44 $294.66 $0.00 $469.43 $83,787.53
171 $83,787.53 $294.66 $0.00 $473.75 $84,555.94
172 $84,555.94 $294.66 $0.00 $478.09 $85,328.69
173 $85,328.69 $294.66 $0.00 $482.46 $86,105.81
174 $86,105.81 $294.66 $0.00 $486.85 $86,887.32
175 $86,887.32 $294.66 $0.00 $491.27 $87,673.25
176 $87,673.25 $294.66 $0.00 $495.72 $88,463.63
177 $88,463.63 $294.66 $0.00 $500.19 $89,258.48
178 $89,258.48 $294.66 $0.00 $504.68 $90,057.82
179 $90,057.82 $294.66 $0.00 $509.20 $90,861.68
180 $90,861.68 $294.66 $0.00 $513.75 $91,670.09
181 $91,670.09 $294.66 $0.00 $518.32 $92,483.07
182 $92,483.07 $294.66 $0.00 $522.91 $93,300.64
183 $93,300.64 $294.66 $0.00 $527.54 $94,122.84
184 $94,122.84 $294.66 $0.00 $532.18 $94,949.68
185 $94,949.68 $294.66 $0.00 $536.86 $95,781.20
186 $95,781.20 $294.66 $0.00 $541.56 $96,617.42
187 $96,617.42 $294.66 $0.00 $546.29 $97,458.37
188 $97,458.37 $294.66 $0.00 $551.04 $98,304.07
189 $98,304.07 $294.66 $0.00 $555.83 $99,154.56
190 $99,154.56 $294.66 $0.00 $560.63 $100,009.85
191 $100,009.85 $294.66 $0.00 $565.47 $100,869.98
192 $100,869.98 $294.66 $0.00 $570.33 $101,734.97
193 $101,734.97 $294.66 $0.00 $575.22 $102,604.85
194 $102,604.85 $294.66 $0.00 $580.14 $103,479.65
195 $103,479.65 $294.66 $0.00 $585.09 $104,359.40
196 $104,359.40 $294.66 $0.00 $590.06 $105,244.12
197 $105,244.12 $294.66 $0.00 $595.07 $106,133.85
198 $106,133.85 $294.66 $0.00 $600.10 $107,028.61
199 $107,028.61 $294.66 $0.00 $605.16 $107,928.43
200 $107,928.43 $294.66 $0.00 $610.24 $108,833.33
201 $108,833.33 $294.66 $0.00 $615.36 $109,743.35
202 $109,743.35 $294.66 $0.00 $620.50 $110,658.51
203 $110,658.51 $294.66 $0.00 $625.68 $111,578.85
204 $111,578.85 $294.66 $0.00 $630.88 $112,504.39
205 $112,504.39 $294.66 $0.00 $636.12 $113,435.17
206 $113,435.17 $294.66 $0.00 $641.38 $114,371.21
207 $114,371.21 $294.66 $0.00 $646.67 $115,312.54
208 $115,312.54 $294.66 $0.00 $651.99 $116,259.19
209 $116,259.19 $294.66 $0.00 $657.35 $117,211.20
210 $117,211.20 $294.66 $0.00 $662.73 $118,168.59
211 $118,168.59 $294.66 $0.00 $668.14 $119,131.39
212 $119,131.39 $294.66 $0.00 $673.59 $120,099.64
213 $120,099.64 $294.66 $0.00 $679.06 $121,073.36
214 $121,073.36 $294.66 $0.00 $684.57 $122,052.59
215 $122,052.59 $294.66 $0.00 $690.10 $123,037.35
216 $123,037.35 $294.66 $0.00 $695.67 $124,027.68
217 $124,027.68 $294.66 $64,685.11 $701.27 $60,338.50
218 $60,338.50 $294.66 $0.00 $341.16 $60,974.32
219 $60,974.32 $294.66 $0.00 $344.76 $61,613.74
220 $61,613.74 $294.66 $0.00 $348.37 $62,256.77
221 $62,256.77 $294.66 $0.00 $352.01 $62,903.44
222 $62,903.44 $294.66 $0.00 $355.67 $63,553.77
223 $63,553.77 $294.66 $0.00 $359.34 $64,207.77
224 $64,207.77 $294.66 $0.00 $363.04 $64,865.47
225 $64,865.47 $294.66 $0.00 $366.76 $65,526.89
226 $65,526.89 $294.66 $0.00 $370.50 $66,192.05
227 $66,192.05 $294.66 $0.00 $374.26 $66,860.97
228 $66,860.97 $294.66 $0.00 $378.04 $67,533.67
229 $67,533.67 $0.00 $67,919.37 $381.85 ($3.85)