Savings Plan and Future Cost Estimation for Colorado Technical University Colorado Springs

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$62,608
Monthly savings required$496

How much will it cost to send your child to Colorado Technical University Colorado Springs in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $250,431.23 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $495.59 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$24,143.00
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 $495.59 $0.00 $0.00 $495.59
2 $495.59 $495.59 $0.00 $2.80 $993.98
3 $993.98 $495.59 $0.00 $5.62 $1,495.19
4 $1,495.19 $495.59 $0.00 $8.45 $1,999.23
5 $1,999.23 $495.59 $0.00 $11.30 $2,506.12
6 $2,506.12 $495.59 $0.00 $14.17 $3,015.88
7 $3,015.88 $495.59 $0.00 $17.05 $3,528.52
8 $3,528.52 $495.59 $0.00 $19.95 $4,044.06
9 $4,044.06 $495.59 $0.00 $22.87 $4,562.52
10 $4,562.52 $495.59 $0.00 $25.80 $5,083.91
11 $5,083.91 $495.59 $0.00 $28.75 $5,608.25
12 $5,608.25 $495.59 $0.00 $31.71 $6,135.55
13 $6,135.55 $495.59 $0.00 $34.69 $6,665.83
14 $6,665.83 $495.59 $0.00 $37.69 $7,199.11
15 $7,199.11 $495.59 $0.00 $40.70 $7,735.40
16 $7,735.40 $495.59 $0.00 $43.74 $8,274.73
17 $8,274.73 $495.59 $0.00 $46.79 $8,817.11
18 $8,817.11 $495.59 $0.00 $49.85 $9,362.55
19 $9,362.55 $495.59 $0.00 $52.94 $9,911.08
20 $9,911.08 $495.59 $0.00 $56.04 $10,462.71
21 $10,462.71 $495.59 $0.00 $59.16 $11,017.46
22 $11,017.46 $495.59 $0.00 $62.29 $11,575.34
23 $11,575.34 $495.59 $0.00 $65.45 $12,136.38
24 $12,136.38 $495.59 $0.00 $68.62 $12,700.59
25 $12,700.59 $495.59 $0.00 $71.81 $13,267.99
26 $13,267.99 $495.59 $0.00 $75.02 $13,838.60
27 $13,838.60 $495.59 $0.00 $78.25 $14,412.44
28 $14,412.44 $495.59 $0.00 $81.49 $14,989.52
29 $14,989.52 $495.59 $0.00 $84.75 $15,569.86
30 $15,569.86 $495.59 $0.00 $88.03 $16,153.48
31 $16,153.48 $495.59 $0.00 $91.33 $16,740.40
32 $16,740.40 $495.59 $0.00 $94.65 $17,330.64
33 $17,330.64 $495.59 $0.00 $97.99 $17,924.22
34 $17,924.22 $495.59 $0.00 $101.35 $18,521.16
35 $18,521.16 $495.59 $0.00 $104.72 $19,121.47
36 $19,121.47 $495.59 $0.00 $108.12 $19,725.18
37 $19,725.18 $495.59 $0.00 $111.53 $20,332.30
38 $20,332.30 $495.59 $0.00 $114.96 $20,942.85
39 $20,942.85 $495.59 $0.00 $118.41 $21,556.85
40 $21,556.85 $495.59 $0.00 $121.89 $22,174.33
41 $22,174.33 $495.59 $0.00 $125.38 $22,795.30
42 $22,795.30 $495.59 $0.00 $128.89 $23,419.78
43 $23,419.78 $495.59 $0.00 $132.42 $24,047.79
44 $24,047.79 $495.59 $0.00 $135.97 $24,679.35
45 $24,679.35 $495.59 $0.00 $139.54 $25,314.48
46 $25,314.48 $495.59 $0.00 $143.13 $25,953.20
47 $25,953.20 $495.59 $0.00 $146.74 $26,595.53
48 $26,595.53 $495.59 $0.00 $150.37 $27,241.49
49 $27,241.49 $495.59 $0.00 $154.03 $27,891.11
50 $27,891.11 $495.59 $0.00 $157.70 $28,544.40
51 $28,544.40 $495.59 $0.00 $161.39 $29,201.38
52 $29,201.38 $495.59 $0.00 $165.11 $29,862.08
53 $29,862.08 $495.59 $0.00 $168.84 $30,526.51
54 $30,526.51 $495.59 $0.00 $172.60 $31,194.70
55 $31,194.70 $495.59 $0.00 $176.38 $31,866.67
56 $31,866.67 $495.59 $0.00 $180.18 $32,542.44
57 $32,542.44 $495.59 $0.00 $184.00 $33,222.03
58 $33,222.03 $495.59 $0.00 $187.84 $33,905.46
59 $33,905.46 $495.59 $0.00 $191.71 $34,592.76
60 $34,592.76 $495.59 $0.00 $195.59 $35,283.94
61 $35,283.94 $495.59 $0.00 $199.50 $35,979.03
62 $35,979.03 $495.59 $0.00 $203.43 $36,678.05
63 $36,678.05 $495.59 $0.00 $207.38 $37,381.02
64 $37,381.02 $495.59 $0.00 $211.36 $38,087.97
65 $38,087.97 $495.59 $0.00 $215.35 $38,798.91
66 $38,798.91 $495.59 $0.00 $219.37 $39,513.87
67 $39,513.87 $495.59 $0.00 $223.42 $40,232.88
68 $40,232.88 $495.59 $0.00 $227.48 $40,955.95
69 $40,955.95 $495.59 $0.00 $231.57 $41,683.11
70 $41,683.11 $495.59 $0.00 $235.68 $42,414.38
71 $42,414.38 $495.59 $0.00 $239.82 $43,149.79
72 $43,149.79 $495.59 $0.00 $243.98 $43,889.36
73 $43,889.36 $495.59 $0.00 $248.16 $44,633.11
74 $44,633.11 $495.59 $0.00 $252.36 $45,381.06
75 $45,381.06 $495.59 $0.00 $256.59 $46,133.24
76 $46,133.24 $495.59 $0.00 $260.84 $46,889.67
77 $46,889.67 $495.59 $0.00 $265.12 $47,650.38
78 $47,650.38 $495.59 $0.00 $269.42 $48,415.39
79 $48,415.39 $495.59 $0.00 $273.75 $49,184.73
80 $49,184.73 $495.59 $0.00 $278.10 $49,958.42
81 $49,958.42 $495.59 $0.00 $282.47 $50,736.48
82 $50,736.48 $495.59 $0.00 $286.87 $51,518.94
83 $51,518.94 $495.59 $0.00 $291.30 $52,305.83
84 $52,305.83 $495.59 $0.00 $295.74 $53,097.16
85 $53,097.16 $495.59 $0.00 $300.22 $53,892.97
86 $53,892.97 $495.59 $0.00 $304.72 $54,693.28
87 $54,693.28 $495.59 $0.00 $309.24 $55,498.11
88 $55,498.11 $495.59 $0.00 $313.79 $56,307.49
89 $56,307.49 $495.59 $0.00 $318.37 $57,121.45
90 $57,121.45 $495.59 $0.00 $322.97 $57,940.01
91 $57,940.01 $495.59 $0.00 $327.60 $58,763.20
92 $58,763.20 $495.59 $0.00 $332.26 $59,591.05
93 $59,591.05 $495.59 $0.00 $336.94 $60,423.58
94 $60,423.58 $495.59 $0.00 $341.64 $61,260.81
95 $61,260.81 $495.59 $0.00 $346.38 $62,102.78
96 $62,102.78 $495.59 $0.00 $351.14 $62,949.51
97 $62,949.51 $495.59 $0.00 $355.93 $63,801.03
98 $63,801.03 $495.59 $0.00 $360.74 $64,657.36
99 $64,657.36 $495.59 $0.00 $365.58 $65,518.53
100 $65,518.53 $495.59 $0.00 $370.45 $66,384.57
101 $66,384.57 $495.59 $0.00 $375.35 $67,255.51
102 $67,255.51 $495.59 $0.00 $380.27 $68,131.37
103 $68,131.37 $495.59 $0.00 $385.22 $69,012.18
104 $69,012.18 $495.59 $0.00 $390.20 $69,897.97
105 $69,897.97 $495.59 $0.00 $395.21 $70,788.77
106 $70,788.77 $495.59 $0.00 $400.25 $71,684.61
107 $71,684.61 $495.59 $0.00 $405.32 $72,585.52
108 $72,585.52 $495.59 $0.00 $410.41 $73,491.52
109 $73,491.52 $495.59 $0.00 $415.53 $74,402.64
110 $74,402.64 $495.59 $0.00 $420.68 $75,318.91
111 $75,318.91 $495.59 $0.00 $425.86 $76,240.36
112 $76,240.36 $495.59 $0.00 $431.07 $77,167.02
113 $77,167.02 $495.59 $0.00 $436.31 $78,098.92
114 $78,098.92 $495.59 $0.00 $441.58 $79,036.09
115 $79,036.09 $495.59 $0.00 $446.88 $79,978.56
116 $79,978.56 $495.59 $0.00 $452.21 $80,926.36
117 $80,926.36 $495.59 $0.00 $457.57 $81,879.52
118 $81,879.52 $495.59 $0.00 $462.96 $82,838.07
119 $82,838.07 $495.59 $0.00 $468.38 $83,802.04
120 $83,802.04 $495.59 $0.00 $473.83 $84,771.46
121 $84,771.46 $495.59 $0.00 $479.31 $85,746.36
122 $85,746.36 $495.59 $0.00 $484.82 $86,726.77
123 $86,726.77 $495.59 $0.00 $490.37 $87,712.73
124 $87,712.73 $495.59 $0.00 $495.94 $88,704.26
125 $88,704.26 $495.59 $0.00 $501.55 $89,701.40
126 $89,701.40 $495.59 $0.00 $507.18 $90,704.17
127 $90,704.17 $495.59 $0.00 $512.85 $91,712.61
128 $91,712.61 $495.59 $0.00 $518.56 $92,726.76
129 $92,726.76 $495.59 $0.00 $524.29 $93,746.64
130 $93,746.64 $495.59 $0.00 $530.06 $94,772.29
131 $94,772.29 $495.59 $0.00 $535.86 $95,803.74
132 $95,803.74 $495.59 $0.00 $541.69 $96,841.02
133 $96,841.02 $495.59 $0.00 $547.55 $97,884.16
134 $97,884.16 $495.59 $0.00 $553.45 $98,933.20
135 $98,933.20 $495.59 $0.00 $559.38 $99,988.17
136 $99,988.17 $495.59 $0.00 $565.35 $101,049.11
137 $101,049.11 $495.59 $0.00 $571.35 $102,116.05
138 $102,116.05 $495.59 $0.00 $577.38 $103,189.02
139 $103,189.02 $495.59 $0.00 $583.45 $104,268.06
140 $104,268.06 $495.59 $0.00 $589.55 $105,353.20
141 $105,353.20 $495.59 $0.00 $595.68 $106,444.47
142 $106,444.47 $495.59 $0.00 $601.85 $107,541.91
143 $107,541.91 $495.59 $0.00 $608.06 $108,645.56
144 $108,645.56 $495.59 $0.00 $614.30 $109,755.45
145 $109,755.45 $495.59 $0.00 $620.57 $110,871.61
146 $110,871.61 $495.59 $0.00 $626.88 $111,994.08
147 $111,994.08 $495.59 $0.00 $633.23 $113,122.90
148 $113,122.90 $495.59 $0.00 $639.61 $114,258.10
149 $114,258.10 $495.59 $0.00 $646.03 $115,399.72
150 $115,399.72 $495.59 $0.00 $652.49 $116,547.80
151 $116,547.80 $495.59 $0.00 $658.98 $117,702.37
152 $117,702.37 $495.59 $0.00 $665.51 $118,863.47
153 $118,863.47 $495.59 $0.00 $672.07 $120,031.13
154 $120,031.13 $495.59 $0.00 $678.67 $121,205.39
155 $121,205.39 $495.59 $0.00 $685.31 $122,386.29
156 $122,386.29 $495.59 $0.00 $691.99 $123,573.87
157 $123,573.87 $495.59 $0.00 $698.70 $124,768.16
158 $124,768.16 $495.59 $0.00 $705.46 $125,969.21
159 $125,969.21 $495.59 $0.00 $712.25 $127,177.05
160 $127,177.05 $495.59 $0.00 $719.08 $128,391.72
161 $128,391.72 $495.59 $0.00 $725.95 $129,613.26
162 $129,613.26 $495.59 $0.00 $732.85 $130,841.70
163 $130,841.70 $495.59 $0.00 $739.80 $132,077.09
164 $132,077.09 $495.59 $0.00 $746.78 $133,319.46
165 $133,319.46 $495.59 $0.00 $753.81 $134,568.86
166 $134,568.86 $495.59 $0.00 $760.87 $135,825.32
167 $135,825.32 $495.59 $0.00 $767.98 $137,088.89
168 $137,088.89 $495.59 $0.00 $775.12 $138,359.60
169 $138,359.60 $495.59 $0.00 $782.31 $139,637.50
170 $139,637.50 $495.59 $0.00 $789.53 $140,922.62
171 $140,922.62 $495.59 $0.00 $796.80 $142,215.01
172 $142,215.01 $495.59 $0.00 $804.10 $143,514.70
173 $143,514.70 $495.59 $0.00 $811.45 $144,821.74
174 $144,821.74 $495.59 $0.00 $818.84 $146,136.17
175 $146,136.17 $495.59 $0.00 $826.28 $147,458.04
176 $147,458.04 $495.59 $0.00 $833.75 $148,787.38
177 $148,787.38 $495.59 $0.00 $841.27 $150,124.24
178 $150,124.24 $495.59 $0.00 $848.82 $151,468.65
179 $151,468.65 $495.59 $0.00 $856.43 $152,820.67
180 $152,820.67 $495.59 $0.00 $864.07 $154,180.33
181 $154,180.33 $495.59 $0.00 $871.76 $155,547.68
182 $155,547.68 $495.59 $0.00 $879.49 $156,922.76
183 $156,922.76 $495.59 $0.00 $887.26 $158,305.61
184 $158,305.61 $495.59 $0.00 $895.08 $159,696.28
185 $159,696.28 $495.59 $0.00 $902.95 $161,094.82
186 $161,094.82 $495.59 $0.00 $910.85 $162,501.26
187 $162,501.26 $495.59 $0.00 $918.81 $163,915.66
188 $163,915.66 $495.59 $0.00 $926.80 $165,338.05
189 $165,338.05 $495.59 $0.00 $934.85 $166,768.49
190 $166,768.49 $495.59 $0.00 $942.93 $168,207.01
191 $168,207.01 $495.59 $0.00 $951.07 $169,653.67
192 $169,653.67 $495.59 $0.00 $959.25 $171,108.51
193 $171,108.51 $495.59 $0.00 $967.47 $172,571.57
194 $172,571.57 $495.59 $0.00 $975.74 $174,042.90
195 $174,042.90 $495.59 $0.00 $984.06 $175,522.55
196 $175,522.55 $495.59 $0.00 $992.43 $177,010.57
197 $177,010.57 $495.59 $0.00 $1,000.84 $178,507.00
198 $178,507.00 $495.59 $0.00 $1,009.30 $180,011.89
199 $180,011.89 $495.59 $0.00 $1,017.81 $181,525.29
200 $181,525.29 $495.59 $0.00 $1,026.37 $183,047.25
201 $183,047.25 $495.59 $0.00 $1,034.98 $184,577.82
202 $184,577.82 $495.59 $0.00 $1,043.63 $186,117.04
203 $186,117.04 $495.59 $0.00 $1,052.33 $187,664.96
204 $187,664.96 $495.59 $0.00 $1,061.08 $189,221.63
205 $189,221.63 $495.59 $0.00 $1,069.89 $190,787.11
206 $190,787.11 $495.59 $0.00 $1,078.74 $192,361.44
207 $192,361.44 $495.59 $0.00 $1,087.64 $193,944.67
208 $193,944.67 $495.59 $0.00 $1,096.59 $195,536.85
209 $195,536.85 $495.59 $0.00 $1,105.59 $197,138.03
210 $197,138.03 $495.59 $0.00 $1,114.65 $198,748.27
211 $198,748.27 $495.59 $0.00 $1,123.75 $200,367.61
212 $200,367.61 $495.59 $0.00 $1,132.91 $201,996.11
213 $201,996.11 $495.59 $0.00 $1,142.12 $203,633.82
214 $203,633.82 $495.59 $0.00 $1,151.38 $205,280.79
215 $205,280.79 $495.59 $0.00 $1,160.69 $206,937.07
216 $206,937.07 $495.59 $0.00 $1,170.05 $208,602.71
217 $208,602.71 $495.59 $58,103.01 $1,179.47 $152,174.76
218 $152,174.76 $495.59 $0.00 $860.42 $153,530.77
219 $153,530.77 $495.59 $0.00 $868.09 $154,894.45
220 $154,894.45 $495.59 $0.00 $875.80 $156,265.84
221 $156,265.84 $495.59 $0.00 $883.55 $157,644.98
222 $157,644.98 $495.59 $0.00 $891.35 $159,031.92
223 $159,031.92 $495.59 $0.00 $899.19 $160,426.70
224 $160,426.70 $495.59 $0.00 $907.08 $161,829.37
225 $161,829.37 $495.59 $0.00 $915.01 $163,239.97
226 $163,239.97 $495.59 $0.00 $922.98 $164,658.54
227 $164,658.54 $495.59 $0.00 $931.00 $166,085.13
228 $166,085.13 $495.59 $0.00 $939.07 $167,519.79
229 $167,519.79 $495.59 $61,008.16 $947.18 $107,954.40
230 $107,954.40 $495.59 $0.00 $610.39 $109,060.38
231 $109,060.38 $495.59 $0.00 $616.64 $110,172.61
232 $110,172.61 $495.59 $0.00 $622.93 $111,291.13
233 $111,291.13 $495.59 $0.00 $629.26 $112,415.98
234 $112,415.98 $495.59 $0.00 $635.62 $113,547.19
235 $113,547.19 $495.59 $0.00 $642.01 $114,684.79
236 $114,684.79 $495.59 $0.00 $648.44 $115,828.82
237 $115,828.82 $495.59 $0.00 $654.91 $116,979.32
238 $116,979.32 $495.59 $0.00 $661.42 $118,136.33
239 $118,136.33 $495.59 $0.00 $667.96 $119,299.88
240 $119,299.88 $495.59 $0.00 $674.54 $120,470.01
241 $120,470.01 $495.59 $64,058.57 $681.15 $57,588.18
242 $57,588.18 $495.59 $0.00 $325.61 $58,409.38
243 $58,409.38 $495.59 $0.00 $330.26 $59,235.23
244 $59,235.23 $495.59 $0.00 $334.92 $60,065.74
245 $60,065.74 $495.59 $0.00 $339.62 $60,900.95
246 $60,900.95 $495.59 $0.00 $344.34 $61,740.88
247 $61,740.88 $495.59 $0.00 $349.09 $62,585.56
248 $62,585.56 $495.59 $0.00 $353.87 $63,435.02
249 $63,435.02 $495.59 $0.00 $358.67 $64,289.28
250 $64,289.28 $495.59 $0.00 $363.50 $65,148.37
251 $65,148.37 $495.59 $0.00 $368.36 $66,012.32
252 $66,012.32 $495.59 $0.00 $373.24 $66,881.15
253 $66,881.15 $0.00 $67,261.49 $378.16 ($2.18)