Savings Plan and Future Cost Estimation for Broward College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$104,594
Monthly savings required$828

How much will it cost to send your child to Broward College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $418,377.71 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $827.95 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$40,334.00
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 $827.95 $0.00 $0.00 $827.95
2 $827.95 $827.95 $0.00 $4.68 $1,660.58
3 $1,660.58 $827.95 $0.00 $9.39 $2,497.92
4 $2,497.92 $827.95 $0.00 $14.12 $3,339.99
5 $3,339.99 $827.95 $0.00 $18.88 $4,186.82
6 $4,186.82 $827.95 $0.00 $23.67 $5,038.44
7 $5,038.44 $827.95 $0.00 $28.49 $5,894.88
8 $5,894.88 $827.95 $0.00 $33.33 $6,756.16
9 $6,756.16 $827.95 $0.00 $38.20 $7,622.31
10 $7,622.31 $827.95 $0.00 $43.10 $8,493.36
11 $8,493.36 $827.95 $0.00 $48.02 $9,369.33
12 $9,369.33 $827.95 $0.00 $52.98 $10,250.26
13 $10,250.26 $827.95 $0.00 $57.96 $11,136.17
14 $11,136.17 $827.95 $0.00 $62.97 $12,027.09
15 $12,027.09 $827.95 $0.00 $68.00 $12,923.04
16 $12,923.04 $827.95 $0.00 $73.07 $13,824.06
17 $13,824.06 $827.95 $0.00 $78.16 $14,730.17
18 $14,730.17 $827.95 $0.00 $83.29 $15,641.41
19 $15,641.41 $827.95 $0.00 $88.44 $16,557.80
20 $16,557.80 $827.95 $0.00 $93.62 $17,479.37
21 $17,479.37 $827.95 $0.00 $98.83 $18,406.15
22 $18,406.15 $827.95 $0.00 $104.07 $19,338.17
23 $19,338.17 $827.95 $0.00 $109.34 $20,275.46
24 $20,275.46 $827.95 $0.00 $114.64 $21,218.05
25 $21,218.05 $827.95 $0.00 $119.97 $22,165.97
26 $22,165.97 $827.95 $0.00 $125.33 $23,119.25
27 $23,119.25 $827.95 $0.00 $130.72 $24,077.92
28 $24,077.92 $827.95 $0.00 $136.14 $25,042.01
29 $25,042.01 $827.95 $0.00 $141.59 $26,011.55
30 $26,011.55 $827.95 $0.00 $147.07 $26,986.57
31 $26,986.57 $827.95 $0.00 $152.59 $27,967.11
32 $27,967.11 $827.95 $0.00 $158.13 $28,953.19
33 $28,953.19 $827.95 $0.00 $163.71 $29,944.85
34 $29,944.85 $827.95 $0.00 $169.31 $30,942.11
35 $30,942.11 $827.95 $0.00 $174.95 $31,945.01
36 $31,945.01 $827.95 $0.00 $180.62 $32,953.58
37 $32,953.58 $827.95 $0.00 $186.32 $33,967.85
38 $33,967.85 $827.95 $0.00 $192.06 $34,987.86
39 $34,987.86 $827.95 $0.00 $197.83 $36,013.64
40 $36,013.64 $827.95 $0.00 $203.63 $37,045.22
41 $37,045.22 $827.95 $0.00 $209.46 $38,082.63
42 $38,082.63 $827.95 $0.00 $215.32 $39,125.90
43 $39,125.90 $827.95 $0.00 $221.22 $40,175.07
44 $40,175.07 $827.95 $0.00 $227.16 $41,230.18
45 $41,230.18 $827.95 $0.00 $233.12 $42,291.25
46 $42,291.25 $827.95 $0.00 $239.12 $43,358.32
47 $43,358.32 $827.95 $0.00 $245.15 $44,431.42
48 $44,431.42 $827.95 $0.00 $251.22 $45,510.59
49 $45,510.59 $827.95 $0.00 $257.32 $46,595.86
50 $46,595.86 $827.95 $0.00 $263.46 $47,687.27
51 $47,687.27 $827.95 $0.00 $269.63 $48,784.85
52 $48,784.85 $827.95 $0.00 $275.84 $49,888.64
53 $49,888.64 $827.95 $0.00 $282.08 $50,998.67
54 $50,998.67 $827.95 $0.00 $288.35 $52,114.97
55 $52,114.97 $827.95 $0.00 $294.67 $53,237.59
56 $53,237.59 $827.95 $0.00 $301.01 $54,366.55
57 $54,366.55 $827.95 $0.00 $307.40 $55,501.90
58 $55,501.90 $827.95 $0.00 $313.82 $56,643.67
59 $56,643.67 $827.95 $0.00 $320.27 $57,791.89
60 $57,791.89 $827.95 $0.00 $326.76 $58,946.60
61 $58,946.60 $827.95 $0.00 $333.29 $60,107.84
62 $60,107.84 $827.95 $0.00 $339.86 $61,275.65
63 $61,275.65 $827.95 $0.00 $346.46 $62,450.06
64 $62,450.06 $827.95 $0.00 $353.10 $63,631.11
65 $63,631.11 $827.95 $0.00 $359.78 $64,818.84
66 $64,818.84 $827.95 $0.00 $366.50 $66,013.29
67 $66,013.29 $827.95 $0.00 $373.25 $67,214.49
68 $67,214.49 $827.95 $0.00 $380.04 $68,422.48
69 $68,422.48 $827.95 $0.00 $386.87 $69,637.30
70 $69,637.30 $827.95 $0.00 $393.74 $70,858.99
71 $70,858.99 $827.95 $0.00 $400.65 $72,087.59
72 $72,087.59 $827.95 $0.00 $407.59 $73,323.13
73 $73,323.13 $827.95 $0.00 $414.58 $74,565.66
74 $74,565.66 $827.95 $0.00 $421.61 $75,815.22
75 $75,815.22 $827.95 $0.00 $428.67 $77,071.84
76 $77,071.84 $827.95 $0.00 $435.78 $78,335.57
77 $78,335.57 $827.95 $0.00 $442.92 $79,606.44
78 $79,606.44 $827.95 $0.00 $450.11 $80,884.50
79 $80,884.50 $827.95 $0.00 $457.33 $82,169.78
80 $82,169.78 $827.95 $0.00 $464.60 $83,462.33
81 $83,462.33 $827.95 $0.00 $471.91 $84,762.19
82 $84,762.19 $827.95 $0.00 $479.26 $86,069.40
83 $86,069.40 $827.95 $0.00 $486.65 $87,384.00
84 $87,384.00 $827.95 $0.00 $494.08 $88,706.03
85 $88,706.03 $827.95 $0.00 $501.56 $90,035.54
86 $90,035.54 $827.95 $0.00 $509.07 $91,372.56
87 $91,372.56 $827.95 $0.00 $516.63 $92,717.14
88 $92,717.14 $827.95 $0.00 $524.24 $94,069.33
89 $94,069.33 $827.95 $0.00 $531.88 $95,429.16
90 $95,429.16 $827.95 $0.00 $539.57 $96,796.68
91 $96,796.68 $827.95 $0.00 $547.30 $98,171.93
92 $98,171.93 $827.95 $0.00 $555.08 $99,554.96
93 $99,554.96 $827.95 $0.00 $562.90 $100,945.81
94 $100,945.81 $827.95 $0.00 $570.76 $102,344.52
95 $102,344.52 $827.95 $0.00 $578.67 $103,751.14
96 $103,751.14 $827.95 $0.00 $586.62 $105,165.71
97 $105,165.71 $827.95 $0.00 $594.62 $106,588.28
98 $106,588.28 $827.95 $0.00 $602.67 $108,018.90
99 $108,018.90 $827.95 $0.00 $610.75 $109,457.60
100 $109,457.60 $827.95 $0.00 $618.89 $110,904.44
101 $110,904.44 $827.95 $0.00 $627.07 $112,359.46
102 $112,359.46 $827.95 $0.00 $635.30 $113,822.71
103 $113,822.71 $827.95 $0.00 $643.57 $115,294.23
104 $115,294.23 $827.95 $0.00 $651.89 $116,774.07
105 $116,774.07 $827.95 $0.00 $660.26 $118,262.28
106 $118,262.28 $827.95 $0.00 $668.67 $119,758.90
107 $119,758.90 $827.95 $0.00 $677.13 $121,263.98
108 $121,263.98 $827.95 $0.00 $685.64 $122,777.57
109 $122,777.57 $827.95 $0.00 $694.20 $124,299.72
110 $124,299.72 $827.95 $0.00 $702.81 $125,830.48
111 $125,830.48 $827.95 $0.00 $711.46 $127,369.89
112 $127,369.89 $827.95 $0.00 $720.17 $128,918.01
113 $128,918.01 $827.95 $0.00 $728.92 $130,474.88
114 $130,474.88 $827.95 $0.00 $737.72 $132,040.55
115 $132,040.55 $827.95 $0.00 $746.58 $133,615.08
116 $133,615.08 $827.95 $0.00 $755.48 $135,198.51
117 $135,198.51 $827.95 $0.00 $764.43 $136,790.89
118 $136,790.89 $827.95 $0.00 $773.44 $138,392.28
119 $138,392.28 $827.95 $0.00 $782.49 $140,002.72
120 $140,002.72 $827.95 $0.00 $791.60 $141,622.27
121 $141,622.27 $827.95 $0.00 $800.75 $143,250.97
122 $143,250.97 $827.95 $0.00 $809.96 $144,888.88
123 $144,888.88 $827.95 $0.00 $819.22 $146,536.05
124 $146,536.05 $827.95 $0.00 $828.54 $148,192.54
125 $148,192.54 $827.95 $0.00 $837.90 $149,858.39
126 $149,858.39 $827.95 $0.00 $847.32 $151,533.66
127 $151,533.66 $827.95 $0.00 $856.79 $153,218.40
128 $153,218.40 $827.95 $0.00 $866.32 $154,912.67
129 $154,912.67 $827.95 $0.00 $875.90 $156,616.52
130 $156,616.52 $827.95 $0.00 $885.53 $158,330.00
131 $158,330.00 $827.95 $0.00 $895.22 $160,053.17
132 $160,053.17 $827.95 $0.00 $904.96 $161,786.08
133 $161,786.08 $827.95 $0.00 $914.76 $163,528.79
134 $163,528.79 $827.95 $0.00 $924.62 $165,281.36
135 $165,281.36 $827.95 $0.00 $934.52 $167,043.83
136 $167,043.83 $827.95 $0.00 $944.49 $168,816.27
137 $168,816.27 $827.95 $0.00 $954.51 $170,598.73
138 $170,598.73 $827.95 $0.00 $964.59 $172,391.27
139 $172,391.27 $827.95 $0.00 $974.73 $174,193.95
140 $174,193.95 $827.95 $0.00 $984.92 $176,006.82
141 $176,006.82 $827.95 $0.00 $995.17 $177,829.94
142 $177,829.94 $827.95 $0.00 $1,005.48 $179,663.37
143 $179,663.37 $827.95 $0.00 $1,015.84 $181,507.16
144 $181,507.16 $827.95 $0.00 $1,026.27 $183,361.38
145 $183,361.38 $827.95 $0.00 $1,036.75 $185,226.08
146 $185,226.08 $827.95 $0.00 $1,047.30 $187,101.33
147 $187,101.33 $827.95 $0.00 $1,057.90 $188,987.18
148 $188,987.18 $827.95 $0.00 $1,068.56 $190,883.69
149 $190,883.69 $827.95 $0.00 $1,079.28 $192,790.92
150 $192,790.92 $827.95 $0.00 $1,090.07 $194,708.94
151 $194,708.94 $827.95 $0.00 $1,100.91 $196,637.80
152 $196,637.80 $827.95 $0.00 $1,111.82 $198,577.57
153 $198,577.57 $827.95 $0.00 $1,122.79 $200,528.31
154 $200,528.31 $827.95 $0.00 $1,133.82 $202,490.08
155 $202,490.08 $827.95 $0.00 $1,144.91 $204,462.94
156 $204,462.94 $827.95 $0.00 $1,156.06 $206,446.95
157 $206,446.95 $827.95 $0.00 $1,167.28 $208,442.18
158 $208,442.18 $827.95 $0.00 $1,178.56 $210,448.69
159 $210,448.69 $827.95 $0.00 $1,189.91 $212,466.55
160 $212,466.55 $827.95 $0.00 $1,201.32 $214,495.82
161 $214,495.82 $827.95 $0.00 $1,212.79 $216,536.56
162 $216,536.56 $827.95 $0.00 $1,224.33 $218,588.84
163 $218,588.84 $827.95 $0.00 $1,235.93 $220,652.72
164 $220,652.72 $827.95 $0.00 $1,247.60 $222,728.27
165 $222,728.27 $827.95 $0.00 $1,259.34 $224,815.56
166 $224,815.56 $827.95 $0.00 $1,271.14 $226,914.65
167 $226,914.65 $827.95 $0.00 $1,283.01 $229,025.61
168 $229,025.61 $827.95 $0.00 $1,294.94 $231,148.50
169 $231,148.50 $827.95 $0.00 $1,306.95 $233,283.40
170 $233,283.40 $827.95 $0.00 $1,319.02 $235,430.37
171 $235,430.37 $827.95 $0.00 $1,331.16 $237,589.48
172 $237,589.48 $827.95 $0.00 $1,343.37 $239,760.80
173 $239,760.80 $827.95 $0.00 $1,355.64 $241,944.39
174 $241,944.39 $827.95 $0.00 $1,367.99 $244,140.33
175 $244,140.33 $827.95 $0.00 $1,380.40 $246,348.68
176 $246,348.68 $827.95 $0.00 $1,392.89 $248,569.52
177 $248,569.52 $827.95 $0.00 $1,405.45 $250,802.92
178 $250,802.92 $827.95 $0.00 $1,418.08 $253,048.95
179 $253,048.95 $827.95 $0.00 $1,430.78 $255,307.68
180 $255,307.68 $827.95 $0.00 $1,443.55 $257,579.18
181 $257,579.18 $827.95 $0.00 $1,456.39 $259,863.52
182 $259,863.52 $827.95 $0.00 $1,469.31 $262,160.78
183 $262,160.78 $827.95 $0.00 $1,482.30 $264,471.03
184 $264,471.03 $827.95 $0.00 $1,495.36 $266,794.34
185 $266,794.34 $827.95 $0.00 $1,508.49 $269,130.78
186 $269,130.78 $827.95 $0.00 $1,521.70 $271,480.43
187 $271,480.43 $827.95 $0.00 $1,534.99 $273,843.37
188 $273,843.37 $827.95 $0.00 $1,548.35 $276,219.67
189 $276,219.67 $827.95 $0.00 $1,561.79 $278,609.41
190 $278,609.41 $827.95 $0.00 $1,575.30 $281,012.66
191 $281,012.66 $827.95 $0.00 $1,588.89 $283,429.50
192 $283,429.50 $827.95 $0.00 $1,602.55 $285,860.00
193 $285,860.00 $827.95 $0.00 $1,616.29 $288,304.24
194 $288,304.24 $827.95 $0.00 $1,630.11 $290,762.30
195 $290,762.30 $827.95 $0.00 $1,644.01 $293,234.26
196 $293,234.26 $827.95 $0.00 $1,657.99 $295,720.20
197 $295,720.20 $827.95 $0.00 $1,672.05 $298,220.20
198 $298,220.20 $827.95 $0.00 $1,686.18 $300,734.33
199 $300,734.33 $827.95 $0.00 $1,700.40 $303,262.68
200 $303,262.68 $827.95 $0.00 $1,714.69 $305,805.32
201 $305,805.32 $827.95 $0.00 $1,729.07 $308,362.34
202 $308,362.34 $827.95 $0.00 $1,743.53 $310,933.82
203 $310,933.82 $827.95 $0.00 $1,758.07 $313,519.84
204 $313,519.84 $827.95 $0.00 $1,772.69 $316,120.48
205 $316,120.48 $827.95 $0.00 $1,787.39 $318,735.82
206 $318,735.82 $827.95 $0.00 $1,802.18 $321,365.95
207 $321,365.95 $827.95 $0.00 $1,817.05 $324,010.95
208 $324,010.95 $827.95 $0.00 $1,832.01 $326,670.91
209 $326,670.91 $827.95 $0.00 $1,847.04 $329,345.90
210 $329,345.90 $827.95 $0.00 $1,862.17 $332,036.02
211 $332,036.02 $827.95 $0.00 $1,877.38 $334,741.35
212 $334,741.35 $827.95 $0.00 $1,892.68 $337,461.98
213 $337,461.98 $827.95 $0.00 $1,908.06 $340,197.99
214 $340,197.99 $827.95 $0.00 $1,923.53 $342,949.47
215 $342,949.47 $827.95 $0.00 $1,939.09 $345,716.51
216 $345,716.51 $827.95 $0.00 $1,954.73 $348,499.19
217 $348,499.19 $827.95 $97,068.58 $1,970.47 $254,229.03
218 $254,229.03 $827.95 $0.00 $1,437.45 $256,494.43
219 $256,494.43 $827.95 $0.00 $1,450.26 $258,772.64
220 $258,772.64 $827.95 $0.00 $1,463.14 $261,063.73
221 $261,063.73 $827.95 $0.00 $1,476.09 $263,367.77
222 $263,367.77 $827.95 $0.00 $1,489.12 $265,684.84
223 $265,684.84 $827.95 $0.00 $1,502.22 $268,015.01
224 $268,015.01 $827.95 $0.00 $1,515.40 $270,358.36
225 $270,358.36 $827.95 $0.00 $1,528.65 $272,714.96
226 $272,714.96 $827.95 $0.00 $1,541.97 $275,084.88
227 $275,084.88 $827.95 $0.00 $1,555.37 $277,468.20
228 $277,468.20 $827.95 $0.00 $1,568.85 $279,865.00
229 $279,865.00 $827.95 $101,922.01 $1,582.40 $180,353.34
230 $180,353.34 $827.95 $0.00 $1,019.74 $182,201.03
231 $182,201.03 $827.95 $0.00 $1,030.19 $184,059.17
232 $184,059.17 $827.95 $0.00 $1,040.70 $185,927.82
233 $185,927.82 $827.95 $0.00 $1,051.26 $187,807.03
234 $187,807.03 $827.95 $0.00 $1,061.89 $189,696.87
235 $189,696.87 $827.95 $0.00 $1,072.57 $191,597.39
236 $191,597.39 $827.95 $0.00 $1,083.32 $193,508.66
237 $193,508.66 $827.95 $0.00 $1,094.13 $195,430.74
238 $195,430.74 $827.95 $0.00 $1,104.99 $197,363.68
239 $197,363.68 $827.95 $0.00 $1,115.92 $199,307.55
240 $199,307.55 $827.95 $0.00 $1,126.91 $201,262.41
241 $201,262.41 $827.95 $107,018.11 $1,137.97 $96,210.22
242 $96,210.22 $827.95 $0.00 $543.99 $97,582.16
243 $97,582.16 $827.95 $0.00 $551.74 $98,961.85
244 $98,961.85 $827.95 $0.00 $559.54 $100,349.34
245 $100,349.34 $827.95 $0.00 $567.39 $101,744.68
246 $101,744.68 $827.95 $0.00 $575.28 $103,147.91
247 $103,147.91 $827.95 $0.00 $583.21 $104,559.07
248 $104,559.07 $827.95 $0.00 $591.19 $105,978.21
249 $105,978.21 $827.95 $0.00 $599.22 $107,405.38
250 $107,405.38 $827.95 $0.00 $607.29 $108,840.62
251 $108,840.62 $827.95 $0.00 $615.40 $110,283.97
252 $110,283.97 $827.95 $0.00 $623.56 $111,735.48
253 $111,735.48 $0.00 $112,369.02 $631.77 ($1.77)