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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$52,282
Monthly savings required$414

How much will it cost to send your child to Colorado Technical University Online in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $209,126.62 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $413.85 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$20,161.00
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 $413.85 $0.00 $0.00 $413.85
2 $413.85 $413.85 $0.00 $2.34 $830.04
3 $830.04 $413.85 $0.00 $4.69 $1,248.58
4 $1,248.58 $413.85 $0.00 $7.06 $1,669.49
5 $1,669.49 $413.85 $0.00 $9.44 $2,092.78
6 $2,092.78 $413.85 $0.00 $11.83 $2,518.46
7 $2,518.46 $413.85 $0.00 $14.24 $2,946.55
8 $2,946.55 $413.85 $0.00 $16.66 $3,377.06
9 $3,377.06 $413.85 $0.00 $19.09 $3,810.00
10 $3,810.00 $413.85 $0.00 $21.54 $4,245.39
11 $4,245.39 $413.85 $0.00 $24.00 $4,683.24
12 $4,683.24 $413.85 $0.00 $26.48 $5,123.57
13 $5,123.57 $413.85 $0.00 $28.97 $5,566.39
14 $5,566.39 $413.85 $0.00 $31.47 $6,011.71
15 $6,011.71 $413.85 $0.00 $33.99 $6,459.55
16 $6,459.55 $413.85 $0.00 $36.52 $6,909.92
17 $6,909.92 $413.85 $0.00 $39.07 $7,362.84
18 $7,362.84 $413.85 $0.00 $41.63 $7,818.32
19 $7,818.32 $413.85 $0.00 $44.21 $8,276.38
20 $8,276.38 $413.85 $0.00 $46.80 $8,737.03
21 $8,737.03 $413.85 $0.00 $49.40 $9,200.28
22 $9,200.28 $413.85 $0.00 $52.02 $9,666.15
23 $9,666.15 $413.85 $0.00 $54.65 $10,134.65
24 $10,134.65 $413.85 $0.00 $57.30 $10,605.80
25 $10,605.80 $413.85 $0.00 $59.97 $11,079.62
26 $11,079.62 $413.85 $0.00 $62.65 $11,556.12
27 $11,556.12 $413.85 $0.00 $65.34 $12,035.31
28 $12,035.31 $413.85 $0.00 $68.05 $12,517.21
29 $12,517.21 $413.85 $0.00 $70.77 $13,001.83
30 $13,001.83 $413.85 $0.00 $73.51 $13,489.19
31 $13,489.19 $413.85 $0.00 $76.27 $13,979.31
32 $13,979.31 $413.85 $0.00 $79.04 $14,472.20
33 $14,472.20 $413.85 $0.00 $81.83 $14,967.88
34 $14,967.88 $413.85 $0.00 $84.63 $15,466.36
35 $15,466.36 $413.85 $0.00 $87.45 $15,967.66
36 $15,967.66 $413.85 $0.00 $90.28 $16,471.79
37 $16,471.79 $413.85 $0.00 $93.13 $16,978.77
38 $16,978.77 $413.85 $0.00 $96.00 $17,488.62
39 $17,488.62 $413.85 $0.00 $98.88 $18,001.35
40 $18,001.35 $413.85 $0.00 $101.78 $18,516.98
41 $18,516.98 $413.85 $0.00 $104.70 $19,035.53
42 $19,035.53 $413.85 $0.00 $107.63 $19,557.01
43 $19,557.01 $413.85 $0.00 $110.58 $20,081.44
44 $20,081.44 $413.85 $0.00 $113.54 $20,608.83
45 $20,608.83 $413.85 $0.00 $116.53 $21,139.21
46 $21,139.21 $413.85 $0.00 $119.52 $21,672.58
47 $21,672.58 $413.85 $0.00 $122.54 $22,208.97
48 $22,208.97 $413.85 $0.00 $125.57 $22,748.39
49 $22,748.39 $413.85 $0.00 $128.62 $23,290.86
50 $23,290.86 $413.85 $0.00 $131.69 $23,836.40
51 $23,836.40 $413.85 $0.00 $134.77 $24,385.02
52 $24,385.02 $413.85 $0.00 $137.88 $24,936.75
53 $24,936.75 $413.85 $0.00 $141.00 $25,491.60
54 $25,491.60 $413.85 $0.00 $144.13 $26,049.58
55 $26,049.58 $413.85 $0.00 $147.29 $26,610.72
56 $26,610.72 $413.85 $0.00 $150.46 $27,175.03
57 $27,175.03 $413.85 $0.00 $153.65 $27,742.53
58 $27,742.53 $413.85 $0.00 $156.86 $28,313.24
59 $28,313.24 $413.85 $0.00 $160.09 $28,887.18
60 $28,887.18 $413.85 $0.00 $163.33 $29,464.36
61 $29,464.36 $413.85 $0.00 $166.60 $30,044.81
62 $30,044.81 $413.85 $0.00 $169.88 $30,628.54
63 $30,628.54 $413.85 $0.00 $173.18 $31,215.57
64 $31,215.57 $413.85 $0.00 $176.50 $31,805.92
65 $31,805.92 $413.85 $0.00 $179.84 $32,399.61
66 $32,399.61 $413.85 $0.00 $183.19 $32,996.65
67 $32,996.65 $413.85 $0.00 $186.57 $33,597.07
68 $33,597.07 $413.85 $0.00 $189.96 $34,200.88
69 $34,200.88 $413.85 $0.00 $193.38 $34,808.11
70 $34,808.11 $413.85 $0.00 $196.81 $35,418.77
71 $35,418.77 $413.85 $0.00 $200.26 $36,032.88
72 $36,032.88 $413.85 $0.00 $203.74 $36,650.47
73 $36,650.47 $413.85 $0.00 $207.23 $37,271.55
74 $37,271.55 $413.85 $0.00 $210.74 $37,896.14
75 $37,896.14 $413.85 $0.00 $214.27 $38,524.26
76 $38,524.26 $413.85 $0.00 $217.82 $39,155.93
77 $39,155.93 $413.85 $0.00 $221.39 $39,791.17
78 $39,791.17 $413.85 $0.00 $224.99 $40,430.01
79 $40,430.01 $413.85 $0.00 $228.60 $41,072.46
80 $41,072.46 $413.85 $0.00 $232.23 $41,718.54
81 $41,718.54 $413.85 $0.00 $235.88 $42,368.27
82 $42,368.27 $413.85 $0.00 $239.56 $43,021.68
83 $43,021.68 $413.85 $0.00 $243.25 $43,678.78
84 $43,678.78 $413.85 $0.00 $246.97 $44,339.60
85 $44,339.60 $413.85 $0.00 $250.70 $45,004.15
86 $45,004.15 $413.85 $0.00 $254.46 $45,672.46
87 $45,672.46 $413.85 $0.00 $258.24 $46,344.55
88 $46,344.55 $413.85 $0.00 $262.04 $47,020.44
89 $47,020.44 $413.85 $0.00 $265.86 $47,700.15
90 $47,700.15 $413.85 $0.00 $269.70 $48,383.70
91 $48,383.70 $413.85 $0.00 $273.57 $49,071.12
92 $49,071.12 $413.85 $0.00 $277.46 $49,762.43
93 $49,762.43 $413.85 $0.00 $281.36 $50,457.64
94 $50,457.64 $413.85 $0.00 $285.29 $51,156.78
95 $51,156.78 $413.85 $0.00 $289.25 $51,859.88
96 $51,859.88 $413.85 $0.00 $293.22 $52,566.95
97 $52,566.95 $413.85 $0.00 $297.22 $53,278.02
98 $53,278.02 $413.85 $0.00 $301.24 $53,993.11
99 $53,993.11 $413.85 $0.00 $305.28 $54,712.24
100 $54,712.24 $413.85 $0.00 $309.35 $55,435.44
101 $55,435.44 $413.85 $0.00 $313.44 $56,162.73
102 $56,162.73 $413.85 $0.00 $317.55 $56,894.13
103 $56,894.13 $413.85 $0.00 $321.69 $57,629.67
104 $57,629.67 $413.85 $0.00 $325.85 $58,369.37
105 $58,369.37 $413.85 $0.00 $330.03 $59,113.25
106 $59,113.25 $413.85 $0.00 $334.23 $59,861.33
107 $59,861.33 $413.85 $0.00 $338.46 $60,613.64
108 $60,613.64 $413.85 $0.00 $342.72 $61,370.21
109 $61,370.21 $413.85 $0.00 $347.00 $62,131.06
110 $62,131.06 $413.85 $0.00 $351.30 $62,896.21
111 $62,896.21 $413.85 $0.00 $355.62 $63,665.68
112 $63,665.68 $413.85 $0.00 $359.98 $64,439.51
113 $64,439.51 $413.85 $0.00 $364.35 $65,217.71
114 $65,217.71 $413.85 $0.00 $368.75 $66,000.31
115 $66,000.31 $413.85 $0.00 $373.18 $66,787.34
116 $66,787.34 $413.85 $0.00 $377.63 $67,578.82
117 $67,578.82 $413.85 $0.00 $382.10 $68,374.77
118 $68,374.77 $413.85 $0.00 $386.60 $69,175.22
119 $69,175.22 $413.85 $0.00 $391.13 $69,980.20
120 $69,980.20 $413.85 $0.00 $395.68 $70,789.73
121 $70,789.73 $413.85 $0.00 $400.26 $71,603.84
122 $71,603.84 $413.85 $0.00 $404.86 $72,422.55
123 $72,422.55 $413.85 $0.00 $409.49 $73,245.89
124 $73,245.89 $413.85 $0.00 $414.14 $74,073.88
125 $74,073.88 $413.85 $0.00 $418.82 $74,906.55
126 $74,906.55 $413.85 $0.00 $423.53 $75,743.93
127 $75,743.93 $413.85 $0.00 $428.27 $76,586.05
128 $76,586.05 $413.85 $0.00 $433.03 $77,432.93
129 $77,432.93 $413.85 $0.00 $437.82 $78,284.60
130 $78,284.60 $413.85 $0.00 $442.63 $79,141.08
131 $79,141.08 $413.85 $0.00 $447.48 $80,002.41
132 $80,002.41 $413.85 $0.00 $452.35 $80,868.61
133 $80,868.61 $413.85 $0.00 $457.24 $81,739.70
134 $81,739.70 $413.85 $0.00 $462.17 $82,615.72
135 $82,615.72 $413.85 $0.00 $467.12 $83,496.69
136 $83,496.69 $413.85 $0.00 $472.10 $84,382.64
137 $84,382.64 $413.85 $0.00 $477.11 $85,273.60
138 $85,273.60 $413.85 $0.00 $482.15 $86,169.60
139 $86,169.60 $413.85 $0.00 $487.22 $87,070.67
140 $87,070.67 $413.85 $0.00 $492.31 $87,976.83
141 $87,976.83 $413.85 $0.00 $497.43 $88,888.11
142 $88,888.11 $413.85 $0.00 $502.59 $89,804.55
143 $89,804.55 $413.85 $0.00 $507.77 $90,726.17
144 $90,726.17 $413.85 $0.00 $512.98 $91,653.00
145 $91,653.00 $413.85 $0.00 $518.22 $92,585.07
146 $92,585.07 $413.85 $0.00 $523.49 $93,522.41
147 $93,522.41 $413.85 $0.00 $528.79 $94,465.05
148 $94,465.05 $413.85 $0.00 $534.12 $95,413.02
149 $95,413.02 $413.85 $0.00 $539.48 $96,366.35
150 $96,366.35 $413.85 $0.00 $544.87 $97,325.07
151 $97,325.07 $413.85 $0.00 $550.29 $98,289.21
152 $98,289.21 $413.85 $0.00 $555.74 $99,258.80
153 $99,258.80 $413.85 $0.00 $561.22 $100,233.87
154 $100,233.87 $413.85 $0.00 $566.74 $101,214.46
155 $101,214.46 $413.85 $0.00 $572.28 $102,200.59
156 $102,200.59 $413.85 $0.00 $577.86 $103,192.30
157 $103,192.30 $413.85 $0.00 $583.46 $104,189.61
158 $104,189.61 $413.85 $0.00 $589.10 $105,192.56
159 $105,192.56 $413.85 $0.00 $594.77 $106,201.18
160 $106,201.18 $413.85 $0.00 $600.48 $107,215.51
161 $107,215.51 $413.85 $0.00 $606.21 $108,235.57
162 $108,235.57 $413.85 $0.00 $611.98 $109,261.40
163 $109,261.40 $413.85 $0.00 $617.78 $110,293.03
164 $110,293.03 $413.85 $0.00 $623.61 $111,330.49
165 $111,330.49 $413.85 $0.00 $629.48 $112,373.82
166 $112,373.82 $413.85 $0.00 $635.38 $113,423.05
167 $113,423.05 $413.85 $0.00 $641.31 $114,478.21
168 $114,478.21 $413.85 $0.00 $647.28 $115,539.34
169 $115,539.34 $413.85 $0.00 $653.28 $116,606.47
170 $116,606.47 $413.85 $0.00 $659.31 $117,679.63
171 $117,679.63 $413.85 $0.00 $665.38 $118,758.86
172 $118,758.86 $413.85 $0.00 $671.48 $119,844.19
173 $119,844.19 $413.85 $0.00 $677.62 $120,935.66
174 $120,935.66 $413.85 $0.00 $683.79 $122,033.30
175 $122,033.30 $413.85 $0.00 $689.99 $123,137.14
176 $123,137.14 $413.85 $0.00 $696.24 $124,247.23
177 $124,247.23 $413.85 $0.00 $702.51 $125,363.59
178 $125,363.59 $413.85 $0.00 $708.82 $126,486.26
179 $126,486.26 $413.85 $0.00 $715.17 $127,615.28
180 $127,615.28 $413.85 $0.00 $721.56 $128,750.69
181 $128,750.69 $413.85 $0.00 $727.98 $129,892.52
182 $129,892.52 $413.85 $0.00 $734.43 $131,040.80
183 $131,040.80 $413.85 $0.00 $740.92 $132,195.57
184 $132,195.57 $413.85 $0.00 $747.45 $133,356.87
185 $133,356.87 $413.85 $0.00 $754.02 $134,524.74
186 $134,524.74 $413.85 $0.00 $760.62 $135,699.21
187 $135,699.21 $413.85 $0.00 $767.26 $136,880.32
188 $136,880.32 $413.85 $0.00 $773.94 $138,068.11
189 $138,068.11 $413.85 $0.00 $780.66 $139,262.62
190 $139,262.62 $413.85 $0.00 $787.41 $140,463.88
191 $140,463.88 $413.85 $0.00 $794.20 $141,671.93
192 $141,671.93 $413.85 $0.00 $801.03 $142,886.81
193 $142,886.81 $413.85 $0.00 $807.90 $144,108.56
194 $144,108.56 $413.85 $0.00 $814.81 $145,337.22
195 $145,337.22 $413.85 $0.00 $821.76 $146,572.83
196 $146,572.83 $413.85 $0.00 $828.74 $147,815.42
197 $147,815.42 $413.85 $0.00 $835.77 $149,065.04
198 $149,065.04 $413.85 $0.00 $842.84 $150,321.73
199 $150,321.73 $413.85 $0.00 $849.94 $151,585.52
200 $151,585.52 $413.85 $0.00 $857.09 $152,856.46
201 $152,856.46 $413.85 $0.00 $864.27 $154,134.58
202 $154,134.58 $413.85 $0.00 $871.50 $155,419.93
203 $155,419.93 $413.85 $0.00 $878.77 $156,712.55
204 $156,712.55 $413.85 $0.00 $886.08 $158,012.48
205 $158,012.48 $413.85 $0.00 $893.43 $159,319.76
206 $159,319.76 $413.85 $0.00 $900.82 $160,634.43
207 $160,634.43 $413.85 $0.00 $908.25 $161,956.53
208 $161,956.53 $413.85 $0.00 $915.73 $163,286.11
209 $163,286.11 $413.85 $0.00 $923.24 $164,623.20
210 $164,623.20 $413.85 $0.00 $930.80 $165,967.85
211 $165,967.85 $413.85 $0.00 $938.41 $167,320.11
212 $167,320.11 $413.85 $0.00 $946.05 $168,680.01
213 $168,680.01 $413.85 $0.00 $953.74 $170,047.60
214 $170,047.60 $413.85 $0.00 $961.47 $171,422.92
215 $171,422.92 $413.85 $0.00 $969.25 $172,806.02
216 $172,806.02 $413.85 $0.00 $977.07 $174,196.94
217 $174,196.94 $413.85 $48,519.85 $984.93 $127,075.87
218 $127,075.87 $413.85 $0.00 $718.51 $128,208.23
219 $128,208.23 $413.85 $0.00 $724.91 $129,346.99
220 $129,346.99 $413.85 $0.00 $731.35 $130,492.19
221 $130,492.19 $413.85 $0.00 $737.82 $131,643.86
222 $131,643.86 $413.85 $0.00 $744.33 $132,802.04
223 $132,802.04 $413.85 $0.00 $750.88 $133,966.77
224 $133,966.77 $413.85 $0.00 $757.47 $135,138.09
225 $135,138.09 $413.85 $0.00 $764.09 $136,316.03
226 $136,316.03 $413.85 $0.00 $770.75 $137,500.63
227 $137,500.63 $413.85 $0.00 $777.45 $138,691.93
228 $138,691.93 $413.85 $0.00 $784.18 $139,889.96
229 $139,889.96 $413.85 $50,945.84 $790.96 $90,148.93
230 $90,148.93 $413.85 $0.00 $509.72 $91,072.50
231 $91,072.50 $413.85 $0.00 $514.94 $92,001.29
232 $92,001.29 $413.85 $0.00 $520.19 $92,935.33
233 $92,935.33 $413.85 $0.00 $525.47 $93,874.65
234 $93,874.65 $413.85 $0.00 $530.78 $94,819.28
235 $94,819.28 $413.85 $0.00 $536.12 $95,769.25
236 $95,769.25 $413.85 $0.00 $541.49 $96,724.59
237 $96,724.59 $413.85 $0.00 $546.89 $97,685.33
238 $97,685.33 $413.85 $0.00 $552.33 $98,651.51
239 $98,651.51 $413.85 $0.00 $557.79 $99,623.15
240 $99,623.15 $413.85 $0.00 $563.28 $100,600.28
241 $100,600.28 $413.85 $53,493.14 $568.81 $48,089.80
242 $48,089.80 $413.85 $0.00 $271.91 $48,775.56
243 $48,775.56 $413.85 $0.00 $275.78 $49,465.19
244 $49,465.19 $413.85 $0.00 $279.68 $50,158.72
245 $50,158.72 $413.85 $0.00 $283.60 $50,856.17
246 $50,856.17 $413.85 $0.00 $287.55 $51,557.57
247 $51,557.57 $413.85 $0.00 $291.51 $52,262.93
248 $52,262.93 $413.85 $0.00 $295.50 $52,972.28
249 $52,972.28 $413.85 $0.00 $299.51 $53,685.64
250 $53,685.64 $413.85 $0.00 $303.55 $54,403.04
251 $54,403.04 $413.85 $0.00 $307.60 $55,124.49
252 $55,124.49 $413.85 $0.00 $311.68 $55,850.02
253 $55,850.02 $0.00 $56,167.79 $315.78 ($1.99)