Savings Plan and Future Cost Estimation for Colorado Mountain College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$43,524
Monthly savings required$345

How much will it cost to send your child to Colorado Mountain College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $174,097.57 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $344.52 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$16,784.00
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 $344.52 $0.00 $0.00 $344.52
2 $344.52 $344.52 $0.00 $1.95 $690.99
3 $690.99 $344.52 $0.00 $3.91 $1,039.42
4 $1,039.42 $344.52 $0.00 $5.88 $1,389.82
5 $1,389.82 $344.52 $0.00 $7.86 $1,742.20
6 $1,742.20 $344.52 $0.00 $9.85 $2,096.57
7 $2,096.57 $344.52 $0.00 $11.85 $2,452.94
8 $2,452.94 $344.52 $0.00 $13.87 $2,811.33
9 $2,811.33 $344.52 $0.00 $15.90 $3,171.75
10 $3,171.75 $344.52 $0.00 $17.93 $3,534.20
11 $3,534.20 $344.52 $0.00 $19.98 $3,898.70
12 $3,898.70 $344.52 $0.00 $22.04 $4,265.26
13 $4,265.26 $344.52 $0.00 $24.12 $4,633.90
14 $4,633.90 $344.52 $0.00 $26.20 $5,004.62
15 $5,004.62 $344.52 $0.00 $28.30 $5,377.44
16 $5,377.44 $344.52 $0.00 $30.40 $5,752.36
17 $5,752.36 $344.52 $0.00 $32.52 $6,129.40
18 $6,129.40 $344.52 $0.00 $34.66 $6,508.58
19 $6,508.58 $344.52 $0.00 $36.80 $6,889.90
20 $6,889.90 $344.52 $0.00 $38.96 $7,273.38
21 $7,273.38 $344.52 $0.00 $41.12 $7,659.02
22 $7,659.02 $344.52 $0.00 $43.31 $8,046.85
23 $8,046.85 $344.52 $0.00 $45.50 $8,436.87
24 $8,436.87 $344.52 $0.00 $47.70 $8,829.09
25 $8,829.09 $344.52 $0.00 $49.92 $9,223.53
26 $9,223.53 $344.52 $0.00 $52.15 $9,620.20
27 $9,620.20 $344.52 $0.00 $54.39 $10,019.11
28 $10,019.11 $344.52 $0.00 $56.65 $10,420.28
29 $10,420.28 $344.52 $0.00 $58.92 $10,823.72
30 $10,823.72 $344.52 $0.00 $61.20 $11,229.44
31 $11,229.44 $344.52 $0.00 $63.49 $11,637.45
32 $11,637.45 $344.52 $0.00 $65.80 $12,047.77
33 $12,047.77 $344.52 $0.00 $68.12 $12,460.41
34 $12,460.41 $344.52 $0.00 $70.45 $12,875.38
35 $12,875.38 $344.52 $0.00 $72.80 $13,292.70
36 $13,292.70 $344.52 $0.00 $75.16 $13,712.38
37 $13,712.38 $344.52 $0.00 $77.53 $14,134.43
38 $14,134.43 $344.52 $0.00 $79.92 $14,558.87
39 $14,558.87 $344.52 $0.00 $82.32 $14,985.71
40 $14,985.71 $344.52 $0.00 $84.73 $15,414.96
41 $15,414.96 $344.52 $0.00 $87.16 $15,846.64
42 $15,846.64 $344.52 $0.00 $89.60 $16,280.76
43 $16,280.76 $344.52 $0.00 $92.05 $16,717.33
44 $16,717.33 $344.52 $0.00 $94.52 $17,156.37
45 $17,156.37 $344.52 $0.00 $97.00 $17,597.89
46 $17,597.89 $344.52 $0.00 $99.50 $18,041.91
47 $18,041.91 $344.52 $0.00 $102.01 $18,488.44
48 $18,488.44 $344.52 $0.00 $104.54 $18,937.50
49 $18,937.50 $344.52 $0.00 $107.08 $19,389.10
50 $19,389.10 $344.52 $0.00 $109.63 $19,843.25
51 $19,843.25 $344.52 $0.00 $112.20 $20,299.97
52 $20,299.97 $344.52 $0.00 $114.78 $20,759.27
53 $20,759.27 $344.52 $0.00 $117.38 $21,221.17
54 $21,221.17 $344.52 $0.00 $119.99 $21,685.68
55 $21,685.68 $344.52 $0.00 $122.61 $22,152.81
56 $22,152.81 $344.52 $0.00 $125.26 $22,622.59
57 $22,622.59 $344.52 $0.00 $127.91 $23,095.02
58 $23,095.02 $344.52 $0.00 $130.58 $23,570.12
59 $23,570.12 $344.52 $0.00 $133.27 $24,047.91
60 $24,047.91 $344.52 $0.00 $135.97 $24,528.40
61 $24,528.40 $344.52 $0.00 $138.69 $25,011.61
62 $25,011.61 $344.52 $0.00 $141.42 $25,497.55
63 $25,497.55 $344.52 $0.00 $144.17 $25,986.24
64 $25,986.24 $344.52 $0.00 $146.93 $26,477.69
65 $26,477.69 $344.52 $0.00 $149.71 $26,971.92
66 $26,971.92 $344.52 $0.00 $152.50 $27,468.94
67 $27,468.94 $344.52 $0.00 $155.31 $27,968.77
68 $27,968.77 $344.52 $0.00 $158.14 $28,471.43
69 $28,471.43 $344.52 $0.00 $160.98 $28,976.93
70 $28,976.93 $344.52 $0.00 $163.84 $29,485.29
71 $29,485.29 $344.52 $0.00 $166.71 $29,996.52
72 $29,996.52 $344.52 $0.00 $169.60 $30,510.64
73 $30,510.64 $344.52 $0.00 $172.51 $31,027.67
74 $31,027.67 $344.52 $0.00 $175.43 $31,547.62
75 $31,547.62 $344.52 $0.00 $178.37 $32,070.51
76 $32,070.51 $344.52 $0.00 $181.33 $32,596.36
77 $32,596.36 $344.52 $0.00 $184.30 $33,125.18
78 $33,125.18 $344.52 $0.00 $187.29 $33,656.99
79 $33,656.99 $344.52 $0.00 $190.30 $34,191.81
80 $34,191.81 $344.52 $0.00 $193.33 $34,729.66
81 $34,729.66 $344.52 $0.00 $196.37 $35,270.55
82 $35,270.55 $344.52 $0.00 $199.42 $35,814.49
83 $35,814.49 $344.52 $0.00 $202.50 $36,361.51
84 $36,361.51 $344.52 $0.00 $205.59 $36,911.62
85 $36,911.62 $344.52 $0.00 $208.70 $37,464.84
86 $37,464.84 $344.52 $0.00 $211.83 $38,021.19
87 $38,021.19 $344.52 $0.00 $214.98 $38,580.69
88 $38,580.69 $344.52 $0.00 $218.14 $39,143.35
89 $39,143.35 $344.52 $0.00 $221.32 $39,709.19
90 $39,709.19 $344.52 $0.00 $224.52 $40,278.23
91 $40,278.23 $344.52 $0.00 $227.74 $40,850.49
92 $40,850.49 $344.52 $0.00 $230.97 $41,425.98
93 $41,425.98 $344.52 $0.00 $234.23 $42,004.73
94 $42,004.73 $344.52 $0.00 $237.50 $42,586.75
95 $42,586.75 $344.52 $0.00 $240.79 $43,172.06
96 $43,172.06 $344.52 $0.00 $244.10 $43,760.68
97 $43,760.68 $344.52 $0.00 $247.43 $44,352.63
98 $44,352.63 $344.52 $0.00 $250.78 $44,947.93
99 $44,947.93 $344.52 $0.00 $254.14 $45,546.59
100 $45,546.59 $344.52 $0.00 $257.53 $46,148.64
101 $46,148.64 $344.52 $0.00 $260.93 $46,754.09
102 $46,754.09 $344.52 $0.00 $264.35 $47,362.96
103 $47,362.96 $344.52 $0.00 $267.80 $47,975.28
104 $47,975.28 $344.52 $0.00 $271.26 $48,591.06
105 $48,591.06 $344.52 $0.00 $274.74 $49,210.32
106 $49,210.32 $344.52 $0.00 $278.24 $49,833.08
107 $49,833.08 $344.52 $0.00 $281.76 $50,459.36
108 $50,459.36 $344.52 $0.00 $285.30 $51,089.18
109 $51,089.18 $344.52 $0.00 $288.87 $51,722.57
110 $51,722.57 $344.52 $0.00 $292.45 $52,359.54
111 $52,359.54 $344.52 $0.00 $296.05 $53,000.11
112 $53,000.11 $344.52 $0.00 $299.67 $53,644.30
113 $53,644.30 $344.52 $0.00 $303.31 $54,292.13
114 $54,292.13 $344.52 $0.00 $306.98 $54,943.63
115 $54,943.63 $344.52 $0.00 $310.66 $55,598.81
116 $55,598.81 $344.52 $0.00 $314.36 $56,257.69
117 $56,257.69 $344.52 $0.00 $318.09 $56,920.30
118 $56,920.30 $344.52 $0.00 $321.84 $57,586.66
119 $57,586.66 $344.52 $0.00 $325.60 $58,256.78
120 $58,256.78 $344.52 $0.00 $329.39 $58,930.69
121 $58,930.69 $344.52 $0.00 $333.20 $59,608.41
122 $59,608.41 $344.52 $0.00 $337.03 $60,289.96
123 $60,289.96 $344.52 $0.00 $340.89 $60,975.37
124 $60,975.37 $344.52 $0.00 $344.76 $61,664.65
125 $61,664.65 $344.52 $0.00 $348.66 $62,357.83
126 $62,357.83 $344.52 $0.00 $352.58 $63,054.93
127 $63,054.93 $344.52 $0.00 $356.52 $63,755.97
128 $63,755.97 $344.52 $0.00 $360.49 $64,460.98
129 $64,460.98 $344.52 $0.00 $364.47 $65,169.97
130 $65,169.97 $344.52 $0.00 $368.48 $65,882.97
131 $65,882.97 $344.52 $0.00 $372.51 $66,600.00
132 $66,600.00 $344.52 $0.00 $376.57 $67,321.09
133 $67,321.09 $344.52 $0.00 $380.64 $68,046.25
134 $68,046.25 $344.52 $0.00 $384.74 $68,775.51
135 $68,775.51 $344.52 $0.00 $388.87 $69,508.90
136 $69,508.90 $344.52 $0.00 $393.01 $70,246.43
137 $70,246.43 $344.52 $0.00 $397.18 $70,988.13
138 $70,988.13 $344.52 $0.00 $401.38 $71,734.03
139 $71,734.03 $344.52 $0.00 $405.59 $72,484.14
140 $72,484.14 $344.52 $0.00 $409.84 $73,238.50
141 $73,238.50 $344.52 $0.00 $414.10 $73,997.12
142 $73,997.12 $344.52 $0.00 $418.39 $74,760.03
143 $74,760.03 $344.52 $0.00 $422.70 $75,527.25
144 $75,527.25 $344.52 $0.00 $427.04 $76,298.81
145 $76,298.81 $344.52 $0.00 $431.40 $77,074.73
146 $77,074.73 $344.52 $0.00 $435.79 $77,855.04
147 $77,855.04 $344.52 $0.00 $440.20 $78,639.76
148 $78,639.76 $344.52 $0.00 $444.64 $79,428.92
149 $79,428.92 $344.52 $0.00 $449.10 $80,222.54
150 $80,222.54 $344.52 $0.00 $453.59 $81,020.65
151 $81,020.65 $344.52 $0.00 $458.10 $81,823.27
152 $81,823.27 $344.52 $0.00 $462.64 $82,630.43
153 $82,630.43 $344.52 $0.00 $467.20 $83,442.15
154 $83,442.15 $344.52 $0.00 $471.79 $84,258.46
155 $84,258.46 $344.52 $0.00 $476.41 $85,079.39
156 $85,079.39 $344.52 $0.00 $481.05 $85,904.96
157 $85,904.96 $344.52 $0.00 $485.72 $86,735.20
158 $86,735.20 $344.52 $0.00 $490.41 $87,570.13
159 $87,570.13 $344.52 $0.00 $495.13 $88,409.78
160 $88,409.78 $344.52 $0.00 $499.88 $89,254.18
161 $89,254.18 $344.52 $0.00 $504.66 $90,103.36
162 $90,103.36 $344.52 $0.00 $509.46 $90,957.34
163 $90,957.34 $344.52 $0.00 $514.29 $91,816.15
164 $91,816.15 $344.52 $0.00 $519.14 $92,679.81
165 $92,679.81 $344.52 $0.00 $524.03 $93,548.36
166 $93,548.36 $344.52 $0.00 $528.94 $94,421.82
167 $94,421.82 $344.52 $0.00 $533.87 $95,300.21
168 $95,300.21 $344.52 $0.00 $538.84 $96,183.57
169 $96,183.57 $344.52 $0.00 $543.84 $97,071.93
170 $97,071.93 $344.52 $0.00 $548.86 $97,965.31
171 $97,965.31 $344.52 $0.00 $553.91 $98,863.74
172 $98,863.74 $344.52 $0.00 $558.99 $99,767.25
173 $99,767.25 $344.52 $0.00 $564.10 $100,675.87
174 $100,675.87 $344.52 $0.00 $569.24 $101,589.63
175 $101,589.63 $344.52 $0.00 $574.40 $102,508.55
176 $102,508.55 $344.52 $0.00 $579.60 $103,432.67
177 $103,432.67 $344.52 $0.00 $584.82 $104,362.01
178 $104,362.01 $344.52 $0.00 $590.08 $105,296.61
179 $105,296.61 $344.52 $0.00 $595.36 $106,236.49
180 $106,236.49 $344.52 $0.00 $600.68 $107,181.69
181 $107,181.69 $344.52 $0.00 $606.02 $108,132.23
182 $108,132.23 $344.52 $0.00 $611.40 $109,088.15
183 $109,088.15 $344.52 $0.00 $616.80 $110,049.47
184 $110,049.47 $344.52 $0.00 $622.24 $111,016.23
185 $111,016.23 $344.52 $0.00 $627.70 $111,988.45
186 $111,988.45 $344.52 $0.00 $633.20 $112,966.17
187 $112,966.17 $344.52 $0.00 $638.73 $113,949.42
188 $113,949.42 $344.52 $0.00 $644.29 $114,938.23
189 $114,938.23 $344.52 $0.00 $649.88 $115,932.63
190 $115,932.63 $344.52 $0.00 $655.50 $116,932.65
191 $116,932.65 $344.52 $0.00 $661.15 $117,938.32
192 $117,938.32 $344.52 $0.00 $666.84 $118,949.68
193 $118,949.68 $344.52 $0.00 $672.56 $119,966.76
194 $119,966.76 $344.52 $0.00 $678.31 $120,989.59
195 $120,989.59 $344.52 $0.00 $684.09 $122,018.20
196 $122,018.20 $344.52 $0.00 $689.91 $123,052.63
197 $123,052.63 $344.52 $0.00 $695.76 $124,092.91
198 $124,092.91 $344.52 $0.00 $701.64 $125,139.07
199 $125,139.07 $344.52 $0.00 $707.55 $126,191.14
200 $126,191.14 $344.52 $0.00 $713.50 $127,249.16
201 $127,249.16 $344.52 $0.00 $719.49 $128,313.17
202 $128,313.17 $344.52 $0.00 $725.50 $129,383.19
203 $129,383.19 $344.52 $0.00 $731.55 $130,459.26
204 $130,459.26 $344.52 $0.00 $737.64 $131,541.42
205 $131,541.42 $344.52 $0.00 $743.75 $132,629.69
206 $132,629.69 $344.52 $0.00 $749.91 $133,724.12
207 $133,724.12 $344.52 $0.00 $756.10 $134,824.74
208 $134,824.74 $344.52 $0.00 $762.32 $135,931.58
209 $135,931.58 $344.52 $0.00 $768.58 $137,044.68
210 $137,044.68 $344.52 $0.00 $774.87 $138,164.07
211 $138,164.07 $344.52 $0.00 $781.20 $139,289.79
212 $139,289.79 $344.52 $0.00 $787.56 $140,421.87
213 $140,421.87 $344.52 $0.00 $793.97 $141,560.36
214 $141,560.36 $344.52 $0.00 $800.40 $142,705.28
215 $142,705.28 $344.52 $0.00 $806.88 $143,856.68
216 $143,856.68 $344.52 $0.00 $813.39 $145,014.59
217 $145,014.59 $344.52 $40,392.70 $819.93 $105,786.34
218 $105,786.34 $344.52 $0.00 $598.13 $106,728.99
219 $106,728.99 $344.52 $0.00 $603.46 $107,676.97
220 $107,676.97 $344.52 $0.00 $608.82 $108,630.31
221 $108,630.31 $344.52 $0.00 $614.21 $109,589.04
222 $109,589.04 $344.52 $0.00 $619.63 $110,553.19
223 $110,553.19 $344.52 $0.00 $625.08 $111,522.79
224 $111,522.79 $344.52 $0.00 $630.57 $112,497.88
225 $112,497.88 $344.52 $0.00 $636.08 $113,478.48
226 $113,478.48 $344.52 $0.00 $641.62 $114,464.62
227 $114,464.62 $344.52 $0.00 $647.20 $115,456.34
228 $115,456.34 $344.52 $0.00 $652.81 $116,453.67
229 $116,453.67 $344.52 $42,412.33 $658.45 $75,044.31
230 $75,044.31 $344.52 $0.00 $424.31 $75,813.14
231 $75,813.14 $344.52 $0.00 $428.66 $76,586.32
232 $76,586.32 $344.52 $0.00 $433.03 $77,363.87
233 $77,363.87 $344.52 $0.00 $437.43 $78,145.82
234 $78,145.82 $344.52 $0.00 $441.85 $78,932.19
235 $78,932.19 $344.52 $0.00 $446.29 $79,723.00
236 $79,723.00 $344.52 $0.00 $450.77 $80,518.29
237 $80,518.29 $344.52 $0.00 $455.26 $81,318.07
238 $81,318.07 $344.52 $0.00 $459.78 $82,122.37
239 $82,122.37 $344.52 $0.00 $464.33 $82,931.22
240 $82,931.22 $344.52 $0.00 $468.91 $83,744.65
241 $83,744.65 $344.52 $44,532.95 $473.50 $40,029.72
242 $40,029.72 $344.52 $0.00 $226.33 $40,600.57
243 $40,600.57 $344.52 $0.00 $229.56 $41,174.65
244 $41,174.65 $344.52 $0.00 $232.81 $41,751.98
245 $41,751.98 $344.52 $0.00 $236.07 $42,332.57
246 $42,332.57 $344.52 $0.00 $239.35 $42,916.44
247 $42,916.44 $344.52 $0.00 $242.66 $43,503.62
248 $43,503.62 $344.52 $0.00 $245.98 $44,094.12
249 $44,094.12 $344.52 $0.00 $249.31 $44,687.95
250 $44,687.95 $344.52 $0.00 $252.67 $45,285.14
251 $45,285.14 $344.52 $0.00 $256.05 $45,885.71
252 $45,885.71 $344.52 $0.00 $259.44 $46,489.67
253 $46,489.67 $0.00 $46,759.60 $262.86 ($7.07)