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 2039$62,017
Monthly savings required$491

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 $248,066.22 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $490.92 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$23,915.00
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 $490.92 $0.00 $0.00 $490.92
2 $490.92 $490.92 $0.00 $2.78 $984.62
3 $984.62 $490.92 $0.00 $5.57 $1,481.11
4 $1,481.11 $490.92 $0.00 $8.37 $1,980.40
5 $1,980.40 $490.92 $0.00 $11.20 $2,482.52
6 $2,482.52 $490.92 $0.00 $14.04 $2,987.48
7 $2,987.48 $490.92 $0.00 $16.89 $3,495.29
8 $3,495.29 $490.92 $0.00 $19.76 $4,005.97
9 $4,005.97 $490.92 $0.00 $22.65 $4,519.54
10 $4,519.54 $490.92 $0.00 $25.55 $5,036.01
11 $5,036.01 $490.92 $0.00 $28.47 $5,555.40
12 $5,555.40 $490.92 $0.00 $31.41 $6,077.73
13 $6,077.73 $490.92 $0.00 $34.36 $6,603.01
14 $6,603.01 $490.92 $0.00 $37.33 $7,131.26
15 $7,131.26 $490.92 $0.00 $40.32 $7,662.50
16 $7,662.50 $490.92 $0.00 $43.32 $8,196.74
17 $8,196.74 $490.92 $0.00 $46.35 $8,734.01
18 $8,734.01 $490.92 $0.00 $49.38 $9,274.31
19 $9,274.31 $490.92 $0.00 $52.44 $9,817.67
20 $9,817.67 $490.92 $0.00 $55.51 $10,364.10
21 $10,364.10 $490.92 $0.00 $58.60 $10,913.62
22 $10,913.62 $490.92 $0.00 $61.71 $11,466.25
23 $11,466.25 $490.92 $0.00 $64.83 $12,022.00
24 $12,022.00 $490.92 $0.00 $67.97 $12,580.89
25 $12,580.89 $490.92 $0.00 $71.13 $13,142.94
26 $13,142.94 $490.92 $0.00 $74.31 $13,708.17
27 $13,708.17 $490.92 $0.00 $77.51 $14,276.60
28 $14,276.60 $490.92 $0.00 $80.72 $14,848.24
29 $14,848.24 $490.92 $0.00 $83.95 $15,423.11
30 $15,423.11 $490.92 $0.00 $87.20 $16,001.23
31 $16,001.23 $490.92 $0.00 $90.47 $16,582.62
32 $16,582.62 $490.92 $0.00 $93.76 $17,167.30
33 $17,167.30 $490.92 $0.00 $97.07 $17,755.29
34 $17,755.29 $490.92 $0.00 $100.39 $18,346.60
35 $18,346.60 $490.92 $0.00 $103.73 $18,941.25
36 $18,941.25 $490.92 $0.00 $107.10 $19,539.27
37 $19,539.27 $490.92 $0.00 $110.48 $20,140.67
38 $20,140.67 $490.92 $0.00 $113.88 $20,745.47
39 $20,745.47 $490.92 $0.00 $117.30 $21,353.69
40 $21,353.69 $490.92 $0.00 $120.74 $21,965.35
41 $21,965.35 $490.92 $0.00 $124.20 $22,580.47
42 $22,580.47 $490.92 $0.00 $127.67 $23,199.06
43 $23,199.06 $490.92 $0.00 $131.17 $23,821.15
44 $23,821.15 $490.92 $0.00 $134.69 $24,446.76
45 $24,446.76 $490.92 $0.00 $138.23 $25,075.91
46 $25,075.91 $490.92 $0.00 $141.78 $25,708.61
47 $25,708.61 $490.92 $0.00 $145.36 $26,344.89
48 $26,344.89 $490.92 $0.00 $148.96 $26,984.77
49 $26,984.77 $490.92 $0.00 $152.58 $27,628.27
50 $27,628.27 $490.92 $0.00 $156.21 $28,275.40
51 $28,275.40 $490.92 $0.00 $159.87 $28,926.19
52 $28,926.19 $490.92 $0.00 $163.55 $29,580.66
53 $29,580.66 $490.92 $0.00 $167.25 $30,238.83
54 $30,238.83 $490.92 $0.00 $170.97 $30,900.72
55 $30,900.72 $490.92 $0.00 $174.72 $31,566.36
56 $31,566.36 $490.92 $0.00 $178.48 $32,235.76
57 $32,235.76 $490.92 $0.00 $182.27 $32,908.95
58 $32,908.95 $490.92 $0.00 $186.07 $33,585.94
59 $33,585.94 $490.92 $0.00 $189.90 $34,266.76
60 $34,266.76 $490.92 $0.00 $193.75 $34,951.43
61 $34,951.43 $490.92 $0.00 $197.62 $35,639.97
62 $35,639.97 $490.92 $0.00 $201.51 $36,332.40
63 $36,332.40 $490.92 $0.00 $205.43 $37,028.75
64 $37,028.75 $490.92 $0.00 $209.37 $37,729.04
65 $37,729.04 $490.92 $0.00 $213.33 $38,433.29
66 $38,433.29 $490.92 $0.00 $217.31 $39,141.52
67 $39,141.52 $490.92 $0.00 $221.31 $39,853.75
68 $39,853.75 $490.92 $0.00 $225.34 $40,570.01
69 $40,570.01 $490.92 $0.00 $229.39 $41,290.32
70 $41,290.32 $490.92 $0.00 $233.46 $42,014.70
71 $42,014.70 $490.92 $0.00 $237.56 $42,743.18
72 $42,743.18 $490.92 $0.00 $241.68 $43,475.78
73 $43,475.78 $490.92 $0.00 $245.82 $44,212.52
74 $44,212.52 $490.92 $0.00 $249.98 $44,953.42
75 $44,953.42 $490.92 $0.00 $254.17 $45,698.51
76 $45,698.51 $490.92 $0.00 $258.39 $46,447.82
77 $46,447.82 $490.92 $0.00 $262.62 $47,201.36
78 $47,201.36 $490.92 $0.00 $266.88 $47,959.16
79 $47,959.16 $490.92 $0.00 $271.17 $48,721.25
80 $48,721.25 $490.92 $0.00 $275.48 $49,487.65
81 $49,487.65 $490.92 $0.00 $279.81 $50,258.38
82 $50,258.38 $490.92 $0.00 $284.17 $51,033.47
83 $51,033.47 $490.92 $0.00 $288.55 $51,812.94
84 $51,812.94 $490.92 $0.00 $292.96 $52,596.82
85 $52,596.82 $490.92 $0.00 $297.39 $53,385.13
86 $53,385.13 $490.92 $0.00 $301.85 $54,177.90
87 $54,177.90 $490.92 $0.00 $306.33 $54,975.15
88 $54,975.15 $490.92 $0.00 $310.84 $55,776.91
89 $55,776.91 $490.92 $0.00 $315.37 $56,583.20
90 $56,583.20 $490.92 $0.00 $319.93 $57,394.05
91 $57,394.05 $490.92 $0.00 $324.51 $58,209.48
92 $58,209.48 $490.92 $0.00 $329.12 $59,029.52
93 $59,029.52 $490.92 $0.00 $333.76 $59,854.20
94 $59,854.20 $490.92 $0.00 $338.42 $60,683.54
95 $60,683.54 $490.92 $0.00 $343.11 $61,517.57
96 $61,517.57 $490.92 $0.00 $347.83 $62,356.32
97 $62,356.32 $490.92 $0.00 $352.57 $63,199.81
98 $63,199.81 $490.92 $0.00 $357.34 $64,048.07
99 $64,048.07 $490.92 $0.00 $362.14 $64,901.13
100 $64,901.13 $490.92 $0.00 $366.96 $65,759.01
101 $65,759.01 $490.92 $0.00 $371.81 $66,621.74
102 $66,621.74 $490.92 $0.00 $376.69 $67,489.35
103 $67,489.35 $490.92 $0.00 $381.59 $68,361.86
104 $68,361.86 $490.92 $0.00 $386.53 $69,239.31
105 $69,239.31 $490.92 $0.00 $391.49 $70,121.72
106 $70,121.72 $490.92 $0.00 $396.48 $71,009.12
107 $71,009.12 $490.92 $0.00 $401.50 $71,901.54
108 $71,901.54 $490.92 $0.00 $406.54 $72,799.00
109 $72,799.00 $490.92 $0.00 $411.62 $73,701.54
110 $73,701.54 $490.92 $0.00 $416.72 $74,609.18
111 $74,609.18 $490.92 $0.00 $421.85 $75,521.95
112 $75,521.95 $490.92 $0.00 $427.01 $76,439.88
113 $76,439.88 $490.92 $0.00 $432.20 $77,363.00
114 $77,363.00 $490.92 $0.00 $437.42 $78,291.34
115 $78,291.34 $490.92 $0.00 $442.67 $79,224.93
116 $79,224.93 $490.92 $0.00 $447.95 $80,163.80
117 $80,163.80 $490.92 $0.00 $453.26 $81,107.98
118 $81,107.98 $490.92 $0.00 $458.60 $82,057.50
119 $82,057.50 $490.92 $0.00 $463.97 $83,012.39
120 $83,012.39 $490.92 $0.00 $469.36 $83,972.67
121 $83,972.67 $490.92 $0.00 $474.79 $84,938.38
122 $84,938.38 $490.92 $0.00 $480.25 $85,909.55
123 $85,909.55 $490.92 $0.00 $485.75 $86,886.22
124 $86,886.22 $490.92 $0.00 $491.27 $87,868.41
125 $87,868.41 $490.92 $0.00 $496.82 $88,856.15
126 $88,856.15 $490.92 $0.00 $502.41 $89,849.48
127 $89,849.48 $490.92 $0.00 $508.02 $90,848.42
128 $90,848.42 $490.92 $0.00 $513.67 $91,853.01
129 $91,853.01 $490.92 $0.00 $519.35 $92,863.28
130 $92,863.28 $490.92 $0.00 $525.06 $93,879.26
131 $93,879.26 $490.92 $0.00 $530.81 $94,900.99
132 $94,900.99 $490.92 $0.00 $536.58 $95,928.49
133 $95,928.49 $490.92 $0.00 $542.39 $96,961.80
134 $96,961.80 $490.92 $0.00 $548.24 $98,000.96
135 $98,000.96 $490.92 $0.00 $554.11 $99,045.99
136 $99,045.99 $490.92 $0.00 $560.02 $100,096.93
137 $100,096.93 $490.92 $0.00 $565.96 $101,153.81
138 $101,153.81 $490.92 $0.00 $571.94 $102,216.67
139 $102,216.67 $490.92 $0.00 $577.95 $103,285.54
140 $103,285.54 $490.92 $0.00 $583.99 $104,360.45
141 $104,360.45 $490.92 $0.00 $590.07 $105,441.44
142 $105,441.44 $490.92 $0.00 $596.18 $106,528.54
143 $106,528.54 $490.92 $0.00 $602.33 $107,621.79
144 $107,621.79 $490.92 $0.00 $608.51 $108,721.22
145 $108,721.22 $490.92 $0.00 $614.73 $109,826.87
146 $109,826.87 $490.92 $0.00 $620.98 $110,938.77
147 $110,938.77 $490.92 $0.00 $627.26 $112,056.95
148 $112,056.95 $490.92 $0.00 $633.59 $113,181.46
149 $113,181.46 $490.92 $0.00 $639.94 $114,312.32
150 $114,312.32 $490.92 $0.00 $646.34 $115,449.58
151 $115,449.58 $490.92 $0.00 $652.77 $116,593.27
152 $116,593.27 $490.92 $0.00 $659.24 $117,743.43
153 $117,743.43 $490.92 $0.00 $665.74 $118,900.09
154 $118,900.09 $490.92 $0.00 $672.28 $120,063.29
155 $120,063.29 $490.92 $0.00 $678.86 $121,233.07
156 $121,233.07 $490.92 $0.00 $685.47 $122,409.46
157 $122,409.46 $490.92 $0.00 $692.12 $123,592.50
158 $123,592.50 $490.92 $0.00 $698.81 $124,782.23
159 $124,782.23 $490.92 $0.00 $705.54 $125,978.69
160 $125,978.69 $490.92 $0.00 $712.30 $127,181.91
161 $127,181.91 $490.92 $0.00 $719.11 $128,391.94
162 $128,391.94 $490.92 $0.00 $725.95 $129,608.81
163 $129,608.81 $490.92 $0.00 $732.83 $130,832.56
164 $130,832.56 $490.92 $0.00 $739.75 $132,063.23
165 $132,063.23 $490.92 $0.00 $746.70 $133,300.85
166 $133,300.85 $490.92 $0.00 $753.70 $134,545.47
167 $134,545.47 $490.92 $0.00 $760.74 $135,797.13
168 $135,797.13 $490.92 $0.00 $767.82 $137,055.87
169 $137,055.87 $490.92 $0.00 $774.93 $138,321.72
170 $138,321.72 $490.92 $0.00 $782.09 $139,594.73
171 $139,594.73 $490.92 $0.00 $789.29 $140,874.94
172 $140,874.94 $490.92 $0.00 $796.53 $142,162.39
173 $142,162.39 $490.92 $0.00 $803.81 $143,457.12
174 $143,457.12 $490.92 $0.00 $811.13 $144,759.17
175 $144,759.17 $490.92 $0.00 $818.49 $146,068.58
176 $146,068.58 $490.92 $0.00 $825.89 $147,385.39
177 $147,385.39 $490.92 $0.00 $833.34 $148,709.65
178 $148,709.65 $490.92 $0.00 $840.83 $150,041.40
179 $150,041.40 $490.92 $0.00 $848.36 $151,380.68
180 $151,380.68 $490.92 $0.00 $855.93 $152,727.53
181 $152,727.53 $490.92 $0.00 $863.54 $154,081.99
182 $154,081.99 $490.92 $0.00 $871.20 $155,444.11
183 $155,444.11 $490.92 $0.00 $878.90 $156,813.93
184 $156,813.93 $490.92 $0.00 $886.65 $158,191.50
185 $158,191.50 $490.92 $0.00 $894.44 $159,576.86
186 $159,576.86 $490.92 $0.00 $902.27 $160,970.05
187 $160,970.05 $490.92 $0.00 $910.15 $162,371.12
188 $162,371.12 $490.92 $0.00 $918.07 $163,780.11
189 $163,780.11 $490.92 $0.00 $926.04 $165,197.07
190 $165,197.07 $490.92 $0.00 $934.05 $166,622.04
191 $166,622.04 $490.92 $0.00 $942.11 $168,055.07
192 $168,055.07 $490.92 $0.00 $950.21 $169,496.20
193 $169,496.20 $490.92 $0.00 $958.36 $170,945.48
194 $170,945.48 $490.92 $0.00 $966.55 $172,402.95
195 $172,402.95 $490.92 $0.00 $974.79 $173,868.66
196 $173,868.66 $490.92 $0.00 $983.08 $175,342.66
197 $175,342.66 $490.92 $0.00 $991.41 $176,824.99
198 $176,824.99 $490.92 $0.00 $999.79 $178,315.70
199 $178,315.70 $490.92 $0.00 $1,008.22 $179,814.84
200 $179,814.84 $490.92 $0.00 $1,016.70 $181,322.46
201 $181,322.46 $490.92 $0.00 $1,025.22 $182,838.60
202 $182,838.60 $490.92 $0.00 $1,033.80 $184,363.32
203 $184,363.32 $490.92 $0.00 $1,042.42 $185,896.66
204 $185,896.66 $490.92 $0.00 $1,051.09 $187,438.67
205 $187,438.67 $490.92 $0.00 $1,059.81 $188,989.40
206 $188,989.40 $490.92 $0.00 $1,068.57 $190,548.89
207 $190,548.89 $490.92 $0.00 $1,077.39 $192,117.20
208 $192,117.20 $490.92 $0.00 $1,086.26 $193,694.38
209 $193,694.38 $490.92 $0.00 $1,095.18 $195,280.48
210 $195,280.48 $490.92 $0.00 $1,104.14 $196,875.54
211 $196,875.54 $490.92 $0.00 $1,113.16 $198,479.62
212 $198,479.62 $490.92 $0.00 $1,122.23 $200,092.77
213 $200,092.77 $490.92 $0.00 $1,131.35 $201,715.04
214 $201,715.04 $490.92 $0.00 $1,140.53 $203,346.49
215 $203,346.49 $490.92 $0.00 $1,149.75 $204,987.16
216 $204,987.16 $490.92 $0.00 $1,159.03 $206,637.11
217 $206,637.11 $490.92 $57,554.30 $1,168.36 $150,742.09
218 $150,742.09 $490.92 $0.00 $852.32 $152,085.33
219 $152,085.33 $490.92 $0.00 $859.91 $153,436.16
220 $153,436.16 $490.92 $0.00 $867.55 $154,794.63
221 $154,794.63 $490.92 $0.00 $875.23 $156,160.78
222 $156,160.78 $490.92 $0.00 $882.96 $157,534.66
223 $157,534.66 $490.92 $0.00 $890.72 $158,916.30
224 $158,916.30 $490.92 $0.00 $898.54 $160,305.76
225 $160,305.76 $490.92 $0.00 $906.39 $161,703.07
226 $161,703.07 $490.92 $0.00 $914.29 $163,108.28
227 $163,108.28 $490.92 $0.00 $922.24 $164,521.44
228 $164,521.44 $490.92 $0.00 $930.23 $165,942.59
229 $165,942.59 $490.92 $60,432.01 $938.26 $106,939.76
230 $106,939.76 $490.92 $0.00 $604.65 $108,035.33
231 $108,035.33 $490.92 $0.00 $610.85 $109,137.10
232 $109,137.10 $490.92 $0.00 $617.08 $110,245.10
233 $110,245.10 $490.92 $0.00 $623.34 $111,359.36
234 $111,359.36 $490.92 $0.00 $629.64 $112,479.92
235 $112,479.92 $490.92 $0.00 $635.98 $113,606.82
236 $113,606.82 $490.92 $0.00 $642.35 $114,740.09
237 $114,740.09 $490.92 $0.00 $648.76 $115,879.77
238 $115,879.77 $490.92 $0.00 $655.20 $117,025.89
239 $117,025.89 $490.92 $0.00 $661.68 $118,178.49
240 $118,178.49 $490.92 $0.00 $668.20 $119,337.61
241 $119,337.61 $490.92 $63,453.61 $674.75 $57,049.67
242 $57,049.67 $490.92 $0.00 $322.57 $57,863.16
243 $57,863.16 $490.92 $0.00 $327.17 $58,681.25
244 $58,681.25 $490.92 $0.00 $331.79 $59,503.96
245 $59,503.96 $490.92 $0.00 $336.44 $60,331.32
246 $60,331.32 $490.92 $0.00 $341.12 $61,163.36
247 $61,163.36 $490.92 $0.00 $345.83 $62,000.11
248 $62,000.11 $490.92 $0.00 $350.56 $62,841.59
249 $62,841.59 $490.92 $0.00 $355.32 $63,687.83
250 $63,687.83 $490.92 $0.00 $360.10 $64,538.85
251 $64,538.85 $490.92 $0.00 $364.91 $65,394.68
252 $65,394.68 $490.92 $0.00 $369.75 $66,255.35
253 $66,255.35 $0.00 $66,626.30 $374.62 $3.67