Savings Plan and Future Cost Estimation for Pikes Peak Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$57,873
Monthly savings required$257

How much will it cost to send your child to Pikes Peak Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $115,746.47 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $257.21 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$23,461.00
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 $257.21 $0.00 $0.00 $257.21
2 $257.21 $257.21 $0.00 $1.45 $515.87
3 $515.87 $257.21 $0.00 $2.92 $776.00
4 $776.00 $257.21 $0.00 $4.39 $1,037.60
5 $1,037.60 $257.21 $0.00 $5.87 $1,300.68
6 $1,300.68 $257.21 $0.00 $7.35 $1,565.24
7 $1,565.24 $257.21 $0.00 $8.85 $1,831.30
8 $1,831.30 $257.21 $0.00 $10.35 $2,098.86
9 $2,098.86 $257.21 $0.00 $11.87 $2,367.94
10 $2,367.94 $257.21 $0.00 $13.39 $2,638.54
11 $2,638.54 $257.21 $0.00 $14.92 $2,910.67
12 $2,910.67 $257.21 $0.00 $16.46 $3,184.34
13 $3,184.34 $257.21 $0.00 $18.00 $3,459.55
14 $3,459.55 $257.21 $0.00 $19.56 $3,736.32
15 $3,736.32 $257.21 $0.00 $21.13 $4,014.66
16 $4,014.66 $257.21 $0.00 $22.70 $4,294.57
17 $4,294.57 $257.21 $0.00 $24.28 $4,576.06
18 $4,576.06 $257.21 $0.00 $25.87 $4,859.14
19 $4,859.14 $257.21 $0.00 $27.47 $5,143.82
20 $5,143.82 $257.21 $0.00 $29.08 $5,430.11
21 $5,430.11 $257.21 $0.00 $30.70 $5,718.02
22 $5,718.02 $257.21 $0.00 $32.33 $6,007.56
23 $6,007.56 $257.21 $0.00 $33.97 $6,298.74
24 $6,298.74 $257.21 $0.00 $35.61 $6,591.56
25 $6,591.56 $257.21 $0.00 $37.27 $6,886.04
26 $6,886.04 $257.21 $0.00 $38.93 $7,182.18
27 $7,182.18 $257.21 $0.00 $40.61 $7,480.00
28 $7,480.00 $257.21 $0.00 $42.29 $7,779.50
29 $7,779.50 $257.21 $0.00 $43.99 $8,080.70
30 $8,080.70 $257.21 $0.00 $45.69 $8,383.60
31 $8,383.60 $257.21 $0.00 $47.40 $8,688.21
32 $8,688.21 $257.21 $0.00 $49.12 $8,994.54
33 $8,994.54 $257.21 $0.00 $50.86 $9,302.61
34 $9,302.61 $257.21 $0.00 $52.60 $9,612.42
35 $9,612.42 $257.21 $0.00 $54.35 $9,923.98
36 $9,923.98 $257.21 $0.00 $56.11 $10,237.30
37 $10,237.30 $257.21 $0.00 $57.88 $10,552.39
38 $10,552.39 $257.21 $0.00 $59.66 $10,869.26
39 $10,869.26 $257.21 $0.00 $61.46 $11,187.93
40 $11,187.93 $257.21 $0.00 $63.26 $11,508.40
41 $11,508.40 $257.21 $0.00 $65.07 $11,830.68
42 $11,830.68 $257.21 $0.00 $66.89 $12,154.78
43 $12,154.78 $257.21 $0.00 $68.72 $12,480.71
44 $12,480.71 $257.21 $0.00 $70.57 $12,808.49
45 $12,808.49 $257.21 $0.00 $72.42 $13,138.12
46 $13,138.12 $257.21 $0.00 $74.28 $13,469.61
47 $13,469.61 $257.21 $0.00 $76.16 $13,802.98
48 $13,802.98 $257.21 $0.00 $78.04 $14,138.23
49 $14,138.23 $257.21 $0.00 $79.94 $14,475.38
50 $14,475.38 $257.21 $0.00 $81.85 $14,814.44
51 $14,814.44 $257.21 $0.00 $83.76 $15,155.41
52 $15,155.41 $257.21 $0.00 $85.69 $15,498.31
53 $15,498.31 $257.21 $0.00 $87.63 $15,843.15
54 $15,843.15 $257.21 $0.00 $89.58 $16,189.94
55 $16,189.94 $257.21 $0.00 $91.54 $16,538.69
56 $16,538.69 $257.21 $0.00 $93.51 $16,889.41
57 $16,889.41 $257.21 $0.00 $95.50 $17,242.12
58 $17,242.12 $257.21 $0.00 $97.49 $17,596.82
59 $17,596.82 $257.21 $0.00 $99.49 $17,953.52
60 $17,953.52 $257.21 $0.00 $101.51 $18,312.24
61 $18,312.24 $257.21 $0.00 $103.54 $18,672.99
62 $18,672.99 $257.21 $0.00 $105.58 $19,035.78
63 $19,035.78 $257.21 $0.00 $107.63 $19,400.62
64 $19,400.62 $257.21 $0.00 $109.69 $19,767.52
65 $19,767.52 $257.21 $0.00 $111.77 $20,136.50
66 $20,136.50 $257.21 $0.00 $113.85 $20,507.56
67 $20,507.56 $257.21 $0.00 $115.95 $20,880.72
68 $20,880.72 $257.21 $0.00 $118.06 $21,255.99
69 $21,255.99 $257.21 $0.00 $120.18 $21,633.38
70 $21,633.38 $257.21 $0.00 $122.32 $22,012.91
71 $22,012.91 $257.21 $0.00 $124.46 $22,394.58
72 $22,394.58 $257.21 $0.00 $126.62 $22,778.41
73 $22,778.41 $257.21 $0.00 $128.79 $23,164.41
74 $23,164.41 $257.21 $0.00 $130.97 $23,552.59
75 $23,552.59 $257.21 $0.00 $133.17 $23,942.97
76 $23,942.97 $257.21 $0.00 $135.38 $24,335.56
77 $24,335.56 $257.21 $0.00 $137.60 $24,730.37
78 $24,730.37 $257.21 $0.00 $139.83 $25,127.41
79 $25,127.41 $257.21 $0.00 $142.07 $25,526.69
80 $25,526.69 $257.21 $0.00 $144.33 $25,928.23
81 $25,928.23 $257.21 $0.00 $146.60 $26,332.04
82 $26,332.04 $257.21 $0.00 $148.89 $26,738.14
83 $26,738.14 $257.21 $0.00 $151.18 $27,146.53
84 $27,146.53 $257.21 $0.00 $153.49 $27,557.23
85 $27,557.23 $257.21 $0.00 $155.81 $27,970.25
86 $27,970.25 $257.21 $0.00 $158.15 $28,385.61
87 $28,385.61 $257.21 $0.00 $160.50 $28,803.32
88 $28,803.32 $257.21 $0.00 $162.86 $29,223.39
89 $29,223.39 $257.21 $0.00 $165.23 $29,645.83
90 $29,645.83 $257.21 $0.00 $167.62 $30,070.66
91 $30,070.66 $257.21 $0.00 $170.02 $30,497.89
92 $30,497.89 $257.21 $0.00 $172.44 $30,927.54
93 $30,927.54 $257.21 $0.00 $174.87 $31,359.62
94 $31,359.62 $257.21 $0.00 $177.31 $31,794.14
95 $31,794.14 $257.21 $0.00 $179.77 $32,231.12
96 $32,231.12 $257.21 $0.00 $182.24 $32,670.57
97 $32,670.57 $257.21 $0.00 $184.72 $33,112.50
98 $33,112.50 $257.21 $0.00 $187.22 $33,556.93
99 $33,556.93 $257.21 $0.00 $189.74 $34,003.88
100 $34,003.88 $257.21 $0.00 $192.26 $34,453.35
101 $34,453.35 $257.21 $0.00 $194.80 $34,905.36
102 $34,905.36 $257.21 $0.00 $197.36 $35,359.93
103 $35,359.93 $257.21 $0.00 $199.93 $35,817.07
104 $35,817.07 $257.21 $0.00 $202.51 $36,276.79
105 $36,276.79 $257.21 $0.00 $205.11 $36,739.11
106 $36,739.11 $257.21 $0.00 $207.73 $37,204.05
107 $37,204.05 $257.21 $0.00 $210.36 $37,671.62
108 $37,671.62 $257.21 $0.00 $213.00 $38,141.83
109 $38,141.83 $257.21 $0.00 $215.66 $38,614.70
110 $38,614.70 $257.21 $0.00 $218.33 $39,090.24
111 $39,090.24 $257.21 $0.00 $221.02 $39,568.47
112 $39,568.47 $257.21 $0.00 $223.73 $40,049.41
113 $40,049.41 $257.21 $0.00 $226.45 $40,533.07
114 $40,533.07 $257.21 $0.00 $229.18 $41,019.46
115 $41,019.46 $257.21 $0.00 $231.93 $41,508.60
116 $41,508.60 $257.21 $0.00 $234.70 $42,000.51
117 $42,000.51 $257.21 $0.00 $237.48 $42,495.20
118 $42,495.20 $257.21 $0.00 $240.27 $42,992.68
119 $42,992.68 $257.21 $0.00 $243.09 $43,492.98
120 $43,492.98 $257.21 $0.00 $245.92 $43,996.11
121 $43,996.11 $257.21 $0.00 $248.76 $44,502.08
122 $44,502.08 $257.21 $0.00 $251.62 $45,010.91
123 $45,010.91 $257.21 $0.00 $254.50 $45,522.62
124 $45,522.62 $257.21 $0.00 $257.39 $46,037.22
125 $46,037.22 $257.21 $0.00 $260.30 $46,554.73
126 $46,554.73 $257.21 $0.00 $263.23 $47,075.17
127 $47,075.17 $257.21 $0.00 $266.17 $47,598.55
128 $47,598.55 $257.21 $0.00 $269.13 $48,124.89
129 $48,124.89 $257.21 $0.00 $272.11 $48,654.21
130 $48,654.21 $257.21 $0.00 $275.10 $49,186.52
131 $49,186.52 $257.21 $0.00 $278.11 $49,721.84
132 $49,721.84 $257.21 $0.00 $281.13 $50,260.18
133 $50,260.18 $257.21 $0.00 $284.18 $50,801.57
134 $50,801.57 $257.21 $0.00 $287.24 $51,346.02
135 $51,346.02 $257.21 $0.00 $290.32 $51,893.55
136 $51,893.55 $257.21 $0.00 $293.41 $52,444.17
137 $52,444.17 $257.21 $0.00 $296.53 $52,997.91
138 $52,997.91 $257.21 $0.00 $299.66 $53,554.78
139 $53,554.78 $257.21 $0.00 $302.81 $54,114.80
140 $54,114.80 $257.21 $0.00 $305.97 $54,677.98
141 $54,677.98 $257.21 $0.00 $309.16 $55,244.35
142 $55,244.35 $257.21 $0.00 $312.36 $55,813.92
143 $55,813.92 $257.21 $0.00 $315.58 $56,386.71
144 $56,386.71 $257.21 $0.00 $318.82 $56,962.74
145 $56,962.74 $257.21 $0.00 $322.08 $57,542.03
146 $57,542.03 $257.21 $0.00 $325.35 $58,124.59
147 $58,124.59 $257.21 $0.00 $328.64 $58,710.44
148 $58,710.44 $257.21 $0.00 $331.96 $59,299.61
149 $59,299.61 $257.21 $0.00 $335.29 $59,892.11
150 $59,892.11 $257.21 $0.00 $338.64 $60,487.96
151 $60,487.96 $257.21 $0.00 $342.01 $61,087.18
152 $61,087.18 $257.21 $0.00 $345.40 $61,689.79
153 $61,689.79 $257.21 $0.00 $348.80 $62,295.80
154 $62,295.80 $257.21 $0.00 $352.23 $62,905.24
155 $62,905.24 $257.21 $0.00 $355.68 $63,518.13
156 $63,518.13 $257.21 $0.00 $359.14 $64,134.48
157 $64,134.48 $257.21 $0.00 $362.63 $64,754.32
158 $64,754.32 $257.21 $0.00 $366.13 $65,377.66
159 $65,377.66 $257.21 $0.00 $369.65 $66,004.52
160 $66,004.52 $257.21 $0.00 $373.20 $66,634.93
161 $66,634.93 $257.21 $0.00 $376.76 $67,268.90
162 $67,268.90 $257.21 $0.00 $380.35 $67,906.46
163 $67,906.46 $257.21 $0.00 $383.95 $68,547.62
164 $68,547.62 $257.21 $0.00 $387.58 $69,192.41
165 $69,192.41 $257.21 $0.00 $391.22 $69,840.84
166 $69,840.84 $257.21 $0.00 $394.89 $70,492.94
167 $70,492.94 $257.21 $0.00 $398.58 $71,148.73
168 $71,148.73 $257.21 $0.00 $402.29 $71,808.23
169 $71,808.23 $257.21 $0.00 $406.01 $72,471.45
170 $72,471.45 $257.21 $0.00 $409.76 $73,138.42
171 $73,138.42 $257.21 $0.00 $413.54 $73,809.17
172 $73,809.17 $257.21 $0.00 $417.33 $74,483.71
173 $74,483.71 $257.21 $0.00 $421.14 $75,162.06
174 $75,162.06 $257.21 $0.00 $424.98 $75,844.25
175 $75,844.25 $257.21 $0.00 $428.83 $76,530.29
176 $76,530.29 $257.21 $0.00 $432.71 $77,220.21
177 $77,220.21 $257.21 $0.00 $436.61 $77,914.03
178 $77,914.03 $257.21 $0.00 $440.54 $78,611.78
179 $78,611.78 $257.21 $0.00 $444.48 $79,313.47
180 $79,313.47 $257.21 $0.00 $448.45 $80,019.13
181 $80,019.13 $257.21 $0.00 $452.44 $80,728.78
182 $80,728.78 $257.21 $0.00 $456.45 $81,442.44
183 $81,442.44 $257.21 $0.00 $460.49 $82,160.14
184 $82,160.14 $257.21 $0.00 $464.55 $82,881.90
185 $82,881.90 $257.21 $0.00 $468.63 $83,607.74
186 $83,607.74 $257.21 $0.00 $472.73 $84,337.68
187 $84,337.68 $257.21 $0.00 $476.86 $85,071.75
188 $85,071.75 $257.21 $0.00 $481.01 $85,809.97
189 $85,809.97 $257.21 $0.00 $485.18 $86,552.36
190 $86,552.36 $257.21 $0.00 $489.38 $87,298.95
191 $87,298.95 $257.21 $0.00 $493.60 $88,049.76
192 $88,049.76 $257.21 $0.00 $497.85 $88,804.82
193 $88,804.82 $257.21 $0.00 $502.12 $89,564.15
194 $89,564.15 $257.21 $0.00 $506.41 $90,327.77
195 $90,327.77 $257.21 $0.00 $510.73 $91,095.71
196 $91,095.71 $257.21 $0.00 $515.07 $91,867.99
197 $91,867.99 $257.21 $0.00 $519.43 $92,644.63
198 $92,644.63 $257.21 $0.00 $523.83 $93,425.67
199 $93,425.67 $257.21 $0.00 $528.24 $94,211.12
200 $94,211.12 $257.21 $0.00 $532.68 $95,001.01
201 $95,001.01 $257.21 $0.00 $537.15 $95,795.37
202 $95,795.37 $257.21 $0.00 $541.64 $96,594.22
203 $96,594.22 $257.21 $0.00 $546.16 $97,397.59
204 $97,397.59 $257.21 $0.00 $550.70 $98,205.50
205 $98,205.50 $257.21 $0.00 $555.27 $99,017.98
206 $99,017.98 $257.21 $0.00 $559.86 $99,835.05
207 $99,835.05 $257.21 $0.00 $564.48 $100,656.74
208 $100,656.74 $257.21 $0.00 $569.13 $101,483.08
209 $101,483.08 $257.21 $0.00 $573.80 $102,314.09
210 $102,314.09 $257.21 $0.00 $578.50 $103,149.80
211 $103,149.80 $257.21 $0.00 $583.22 $103,990.23
212 $103,990.23 $257.21 $0.00 $587.98 $104,835.42
213 $104,835.42 $257.21 $0.00 $592.75 $105,685.38
214 $105,685.38 $257.21 $0.00 $597.56 $106,540.15
215 $106,540.15 $257.21 $0.00 $602.39 $107,399.75
216 $107,399.75 $257.21 $0.00 $607.25 $108,264.21
217 $108,264.21 $257.21 $56,461.69 $612.14 $52,671.87
218 $52,671.87 $257.21 $0.00 $297.81 $53,226.89
219 $53,226.89 $257.21 $0.00 $300.95 $53,785.05
220 $53,785.05 $257.21 $0.00 $304.11 $54,346.37
221 $54,346.37 $257.21 $0.00 $307.28 $54,910.86
222 $54,910.86 $257.21 $0.00 $310.47 $55,478.54
223 $55,478.54 $257.21 $0.00 $313.68 $56,049.43
224 $56,049.43 $257.21 $0.00 $316.91 $56,623.55
225 $56,623.55 $257.21 $0.00 $320.16 $57,200.92
226 $57,200.92 $257.21 $0.00 $323.42 $57,781.55
227 $57,781.55 $257.21 $0.00 $326.71 $58,365.47
228 $58,365.47 $257.21 $0.00 $330.01 $58,952.69
229 $58,952.69 $0.00 $59,284.78 $333.33 $1.24