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 2039$78,662
Monthly savings required$623

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 $314,649.42 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $622.68 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$30,334.00
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 $622.68 $0.00 $0.00 $622.68
2 $622.68 $622.68 $0.00 $3.52 $1,248.88
3 $1,248.88 $622.68 $0.00 $7.06 $1,878.62
4 $1,878.62 $622.68 $0.00 $10.62 $2,511.92
5 $2,511.92 $622.68 $0.00 $14.20 $3,148.80
6 $3,148.80 $622.68 $0.00 $17.80 $3,789.28
7 $3,789.28 $622.68 $0.00 $21.43 $4,433.39
8 $4,433.39 $622.68 $0.00 $25.07 $5,081.14
9 $5,081.14 $622.68 $0.00 $28.73 $5,732.55
10 $5,732.55 $622.68 $0.00 $32.41 $6,387.64
11 $6,387.64 $622.68 $0.00 $36.12 $7,046.44
12 $7,046.44 $622.68 $0.00 $39.84 $7,708.96
13 $7,708.96 $622.68 $0.00 $43.59 $8,375.23
14 $8,375.23 $622.68 $0.00 $47.35 $9,045.26
15 $9,045.26 $622.68 $0.00 $51.14 $9,719.08
16 $9,719.08 $622.68 $0.00 $54.95 $10,396.71
17 $10,396.71 $622.68 $0.00 $58.78 $11,078.17
18 $11,078.17 $622.68 $0.00 $62.64 $11,763.49
19 $11,763.49 $622.68 $0.00 $66.51 $12,452.68
20 $12,452.68 $622.68 $0.00 $70.41 $13,145.77
21 $13,145.77 $622.68 $0.00 $74.33 $13,842.78
22 $13,842.78 $622.68 $0.00 $78.27 $14,543.73
23 $14,543.73 $622.68 $0.00 $82.23 $15,248.64
24 $15,248.64 $622.68 $0.00 $86.22 $15,957.54
25 $15,957.54 $622.68 $0.00 $90.23 $16,670.45
26 $16,670.45 $622.68 $0.00 $94.26 $17,387.39
27 $17,387.39 $622.68 $0.00 $98.31 $18,108.38
28 $18,108.38 $622.68 $0.00 $102.39 $18,833.45
29 $18,833.45 $622.68 $0.00 $106.49 $19,562.62
30 $19,562.62 $622.68 $0.00 $110.61 $20,295.91
31 $20,295.91 $622.68 $0.00 $114.76 $21,033.35
32 $21,033.35 $622.68 $0.00 $118.93 $21,774.96
33 $21,774.96 $622.68 $0.00 $123.12 $22,520.76
34 $22,520.76 $622.68 $0.00 $127.34 $23,270.78
35 $23,270.78 $622.68 $0.00 $131.58 $24,025.04
36 $24,025.04 $622.68 $0.00 $135.84 $24,783.56
37 $24,783.56 $622.68 $0.00 $140.13 $25,546.37
38 $25,546.37 $622.68 $0.00 $144.44 $26,313.49
39 $26,313.49 $622.68 $0.00 $148.78 $27,084.95
40 $27,084.95 $622.68 $0.00 $153.14 $27,860.77
41 $27,860.77 $622.68 $0.00 $157.53 $28,640.98
42 $28,640.98 $622.68 $0.00 $161.94 $29,425.60
43 $29,425.60 $622.68 $0.00 $166.38 $30,214.66
44 $30,214.66 $622.68 $0.00 $170.84 $31,008.18
45 $31,008.18 $622.68 $0.00 $175.32 $31,806.18
46 $31,806.18 $622.68 $0.00 $179.84 $32,608.70
47 $32,608.70 $622.68 $0.00 $184.37 $33,415.75
48 $33,415.75 $622.68 $0.00 $188.94 $34,227.37
49 $34,227.37 $622.68 $0.00 $193.53 $35,043.58
50 $35,043.58 $622.68 $0.00 $198.14 $35,864.40
51 $35,864.40 $622.68 $0.00 $202.78 $36,689.86
52 $36,689.86 $622.68 $0.00 $207.45 $37,519.99
53 $37,519.99 $622.68 $0.00 $212.14 $38,354.81
54 $38,354.81 $622.68 $0.00 $216.86 $39,194.35
55 $39,194.35 $622.68 $0.00 $221.61 $40,038.64
56 $40,038.64 $622.68 $0.00 $226.38 $40,887.70
57 $40,887.70 $622.68 $0.00 $231.19 $41,741.57
58 $41,741.57 $622.68 $0.00 $236.01 $42,600.26
59 $42,600.26 $622.68 $0.00 $240.87 $43,463.81
60 $43,463.81 $622.68 $0.00 $245.75 $44,332.24
61 $44,332.24 $622.68 $0.00 $250.66 $45,205.58
62 $45,205.58 $622.68 $0.00 $255.60 $46,083.86
63 $46,083.86 $622.68 $0.00 $260.56 $46,967.10
64 $46,967.10 $622.68 $0.00 $265.56 $47,855.34
65 $47,855.34 $622.68 $0.00 $270.58 $48,748.60
66 $48,748.60 $622.68 $0.00 $275.63 $49,646.91
67 $49,646.91 $622.68 $0.00 $280.71 $50,550.30
68 $50,550.30 $622.68 $0.00 $285.82 $51,458.80
69 $51,458.80 $622.68 $0.00 $290.96 $52,372.44
70 $52,372.44 $622.68 $0.00 $296.12 $53,291.24
71 $53,291.24 $622.68 $0.00 $301.32 $54,215.24
72 $54,215.24 $622.68 $0.00 $306.54 $55,144.46
73 $55,144.46 $622.68 $0.00 $311.79 $56,078.93
74 $56,078.93 $622.68 $0.00 $317.08 $57,018.69
75 $57,018.69 $622.68 $0.00 $322.39 $57,963.76
76 $57,963.76 $622.68 $0.00 $327.74 $58,914.18
77 $58,914.18 $622.68 $0.00 $333.11 $59,869.97
78 $59,869.97 $622.68 $0.00 $338.51 $60,831.16
79 $60,831.16 $622.68 $0.00 $343.95 $61,797.79
80 $61,797.79 $622.68 $0.00 $349.41 $62,769.88
81 $62,769.88 $622.68 $0.00 $354.91 $63,747.47
82 $63,747.47 $622.68 $0.00 $360.44 $64,730.59
83 $64,730.59 $622.68 $0.00 $366.00 $65,719.27
84 $65,719.27 $622.68 $0.00 $371.59 $66,713.54
85 $66,713.54 $622.68 $0.00 $377.21 $67,713.43
86 $67,713.43 $622.68 $0.00 $382.86 $68,718.97
87 $68,718.97 $622.68 $0.00 $388.55 $69,730.20
88 $69,730.20 $622.68 $0.00 $394.26 $70,747.14
89 $70,747.14 $622.68 $0.00 $400.01 $71,769.83
90 $71,769.83 $622.68 $0.00 $405.80 $72,798.31
91 $72,798.31 $622.68 $0.00 $411.61 $73,832.60
92 $73,832.60 $622.68 $0.00 $417.46 $74,872.74
93 $74,872.74 $622.68 $0.00 $423.34 $75,918.76
94 $75,918.76 $622.68 $0.00 $429.26 $76,970.70
95 $76,970.70 $622.68 $0.00 $435.20 $78,028.58
96 $78,028.58 $622.68 $0.00 $441.18 $79,092.44
97 $79,092.44 $622.68 $0.00 $447.20 $80,162.32
98 $80,162.32 $622.68 $0.00 $453.25 $81,238.25
99 $81,238.25 $622.68 $0.00 $459.33 $82,320.26
100 $82,320.26 $622.68 $0.00 $465.45 $83,408.39
101 $83,408.39 $622.68 $0.00 $471.60 $84,502.67
102 $84,502.67 $622.68 $0.00 $477.79 $85,603.14
103 $85,603.14 $622.68 $0.00 $484.01 $86,709.83
104 $86,709.83 $622.68 $0.00 $490.27 $87,822.78
105 $87,822.78 $622.68 $0.00 $496.56 $88,942.02
106 $88,942.02 $622.68 $0.00 $502.89 $90,067.59
107 $90,067.59 $622.68 $0.00 $509.26 $91,199.53
108 $91,199.53 $622.68 $0.00 $515.66 $92,337.87
109 $92,337.87 $622.68 $0.00 $522.09 $93,482.64
110 $93,482.64 $622.68 $0.00 $528.56 $94,633.88
111 $94,633.88 $622.68 $0.00 $535.07 $95,791.63
112 $95,791.63 $622.68 $0.00 $541.62 $96,955.93
113 $96,955.93 $622.68 $0.00 $548.20 $98,126.81
114 $98,126.81 $622.68 $0.00 $554.82 $99,304.31
115 $99,304.31 $622.68 $0.00 $561.48 $100,488.47
116 $100,488.47 $622.68 $0.00 $568.18 $101,679.33
117 $101,679.33 $622.68 $0.00 $574.91 $102,876.92
118 $102,876.92 $622.68 $0.00 $581.68 $104,081.28
119 $104,081.28 $622.68 $0.00 $588.49 $105,292.45
120 $105,292.45 $622.68 $0.00 $595.34 $106,510.47
121 $106,510.47 $622.68 $0.00 $602.23 $107,735.38
122 $107,735.38 $622.68 $0.00 $609.15 $108,967.21
123 $108,967.21 $622.68 $0.00 $616.12 $110,206.01
124 $110,206.01 $622.68 $0.00 $623.12 $111,451.81
125 $111,451.81 $622.68 $0.00 $630.16 $112,704.65
126 $112,704.65 $622.68 $0.00 $637.25 $113,964.58
127 $113,964.58 $622.68 $0.00 $644.37 $115,231.63
128 $115,231.63 $622.68 $0.00 $651.54 $116,505.85
129 $116,505.85 $622.68 $0.00 $658.74 $117,787.27
130 $117,787.27 $622.68 $0.00 $665.99 $119,075.94
131 $119,075.94 $622.68 $0.00 $673.27 $120,371.89
132 $120,371.89 $622.68 $0.00 $680.60 $121,675.17
133 $121,675.17 $622.68 $0.00 $687.97 $122,985.82
134 $122,985.82 $622.68 $0.00 $695.38 $124,303.88
135 $124,303.88 $622.68 $0.00 $702.83 $125,629.39
136 $125,629.39 $622.68 $0.00 $710.33 $126,962.40
137 $126,962.40 $622.68 $0.00 $717.86 $128,302.94
138 $128,302.94 $622.68 $0.00 $725.44 $129,651.06
139 $129,651.06 $622.68 $0.00 $733.07 $131,006.81
140 $131,006.81 $622.68 $0.00 $740.73 $132,370.22
141 $132,370.22 $622.68 $0.00 $748.44 $133,741.34
142 $133,741.34 $622.68 $0.00 $756.19 $135,120.21
143 $135,120.21 $622.68 $0.00 $763.99 $136,506.88
144 $136,506.88 $622.68 $0.00 $771.83 $137,901.39
145 $137,901.39 $622.68 $0.00 $779.71 $139,303.78
146 $139,303.78 $622.68 $0.00 $787.64 $140,714.10
147 $140,714.10 $622.68 $0.00 $795.62 $142,132.40
148 $142,132.40 $622.68 $0.00 $803.64 $143,558.72
149 $143,558.72 $622.68 $0.00 $811.70 $144,993.10
150 $144,993.10 $622.68 $0.00 $819.81 $146,435.59
151 $146,435.59 $622.68 $0.00 $827.97 $147,886.24
152 $147,886.24 $622.68 $0.00 $836.17 $149,345.09
153 $149,345.09 $622.68 $0.00 $844.42 $150,812.19
154 $150,812.19 $622.68 $0.00 $852.71 $152,287.58
155 $152,287.58 $622.68 $0.00 $861.06 $153,771.32
156 $153,771.32 $622.68 $0.00 $869.45 $155,263.45
157 $155,263.45 $622.68 $0.00 $877.88 $156,764.01
158 $156,764.01 $622.68 $0.00 $886.37 $158,273.06
159 $158,273.06 $622.68 $0.00 $894.90 $159,790.64
160 $159,790.64 $622.68 $0.00 $903.48 $161,316.80
161 $161,316.80 $622.68 $0.00 $912.11 $162,851.59
162 $162,851.59 $622.68 $0.00 $920.79 $164,395.06
163 $164,395.06 $622.68 $0.00 $929.51 $165,947.25
164 $165,947.25 $622.68 $0.00 $938.29 $167,508.22
165 $167,508.22 $622.68 $0.00 $947.12 $169,078.02
166 $169,078.02 $622.68 $0.00 $955.99 $170,656.69
167 $170,656.69 $622.68 $0.00 $964.92 $172,244.29
168 $172,244.29 $622.68 $0.00 $973.89 $173,840.86
169 $173,840.86 $622.68 $0.00 $982.92 $175,446.46
170 $175,446.46 $622.68 $0.00 $992.00 $177,061.14
171 $177,061.14 $622.68 $0.00 $1,001.13 $178,684.95
172 $178,684.95 $622.68 $0.00 $1,010.31 $180,317.94
173 $180,317.94 $622.68 $0.00 $1,019.54 $181,960.16
174 $181,960.16 $622.68 $0.00 $1,028.83 $183,611.67
175 $183,611.67 $622.68 $0.00 $1,038.17 $185,272.52
176 $185,272.52 $622.68 $0.00 $1,047.56 $186,942.76
177 $186,942.76 $622.68 $0.00 $1,057.00 $188,622.44
178 $188,622.44 $622.68 $0.00 $1,066.50 $190,311.62
179 $190,311.62 $622.68 $0.00 $1,076.05 $192,010.35
180 $192,010.35 $622.68 $0.00 $1,085.65 $193,718.68
181 $193,718.68 $622.68 $0.00 $1,095.31 $195,436.67
182 $195,436.67 $622.68 $0.00 $1,105.03 $197,164.38
183 $197,164.38 $622.68 $0.00 $1,114.80 $198,901.86
184 $198,901.86 $622.68 $0.00 $1,124.62 $200,649.16
185 $200,649.16 $622.68 $0.00 $1,134.50 $202,406.34
186 $202,406.34 $622.68 $0.00 $1,144.43 $204,173.45
187 $204,173.45 $622.68 $0.00 $1,154.43 $205,950.56
188 $205,950.56 $622.68 $0.00 $1,164.47 $207,737.71
189 $207,737.71 $622.68 $0.00 $1,174.58 $209,534.97
190 $209,534.97 $622.68 $0.00 $1,184.74 $211,342.39
191 $211,342.39 $622.68 $0.00 $1,194.96 $213,160.03
192 $213,160.03 $622.68 $0.00 $1,205.24 $214,987.95
193 $214,987.95 $622.68 $0.00 $1,215.57 $216,826.20
194 $216,826.20 $622.68 $0.00 $1,225.97 $218,674.85
195 $218,674.85 $622.68 $0.00 $1,236.42 $220,533.95
196 $220,533.95 $622.68 $0.00 $1,246.93 $222,403.56
197 $222,403.56 $622.68 $0.00 $1,257.50 $224,283.74
198 $224,283.74 $622.68 $0.00 $1,268.13 $226,174.55
199 $226,174.55 $622.68 $0.00 $1,278.82 $228,076.05
200 $228,076.05 $622.68 $0.00 $1,289.58 $229,988.31
201 $229,988.31 $622.68 $0.00 $1,300.39 $231,911.38
202 $231,911.38 $622.68 $0.00 $1,311.26 $233,845.32
203 $233,845.32 $622.68 $0.00 $1,322.20 $235,790.20
204 $235,790.20 $622.68 $0.00 $1,333.19 $237,746.07
205 $237,746.07 $622.68 $0.00 $1,344.25 $239,713.00
206 $239,713.00 $622.68 $0.00 $1,355.37 $241,691.05
207 $241,691.05 $622.68 $0.00 $1,366.56 $243,680.29
208 $243,680.29 $622.68 $0.00 $1,377.80 $245,680.77
209 $245,680.77 $622.68 $0.00 $1,389.11 $247,692.56
210 $247,692.56 $622.68 $0.00 $1,400.49 $249,715.73
211 $249,715.73 $622.68 $0.00 $1,411.93 $251,750.34
212 $251,750.34 $622.68 $0.00 $1,423.43 $253,796.45
213 $253,796.45 $622.68 $0.00 $1,435.00 $255,854.13
214 $255,854.13 $622.68 $0.00 $1,446.64 $257,923.45
215 $257,923.45 $622.68 $0.00 $1,458.34 $260,004.47
216 $260,004.47 $622.68 $0.00 $1,470.10 $262,097.25
217 $262,097.25 $622.68 $73,002.39 $1,481.94 $191,199.48
218 $191,199.48 $622.68 $0.00 $1,081.07 $192,903.23
219 $192,903.23 $622.68 $0.00 $1,090.70 $194,616.61
220 $194,616.61 $622.68 $0.00 $1,100.39 $196,339.68
221 $196,339.68 $622.68 $0.00 $1,110.13 $198,072.49
222 $198,072.49 $622.68 $0.00 $1,119.93 $199,815.10
223 $199,815.10 $622.68 $0.00 $1,129.78 $201,567.56
224 $201,567.56 $622.68 $0.00 $1,139.69 $203,329.93
225 $203,329.93 $622.68 $0.00 $1,149.66 $205,102.27
226 $205,102.27 $622.68 $0.00 $1,159.68 $206,884.63
227 $206,884.63 $622.68 $0.00 $1,169.76 $208,677.07
228 $208,677.07 $622.68 $0.00 $1,179.89 $210,479.64
229 $210,479.64 $622.68 $76,652.51 $1,190.08 $135,639.89
230 $135,639.89 $622.68 $0.00 $766.93 $137,029.50
231 $137,029.50 $622.68 $0.00 $774.78 $138,426.96
232 $138,426.96 $622.68 $0.00 $782.69 $139,832.33
233 $139,832.33 $622.68 $0.00 $790.63 $141,245.64
234 $141,245.64 $622.68 $0.00 $798.62 $142,666.94
235 $142,666.94 $622.68 $0.00 $806.66 $144,096.28
236 $144,096.28 $622.68 $0.00 $814.74 $145,533.70
237 $145,533.70 $622.68 $0.00 $822.87 $146,979.25
238 $146,979.25 $622.68 $0.00 $831.04 $148,432.97
239 $148,432.97 $622.68 $0.00 $839.26 $149,894.91
240 $149,894.91 $622.68 $0.00 $847.53 $151,365.12
241 $151,365.12 $622.68 $80,485.13 $855.84 $72,358.51
242 $72,358.51 $622.68 $0.00 $409.13 $73,390.32
243 $73,390.32 $622.68 $0.00 $414.96 $74,427.96
244 $74,427.96 $622.68 $0.00 $420.83 $75,471.47
245 $75,471.47 $622.68 $0.00 $426.73 $76,520.88
246 $76,520.88 $622.68 $0.00 $432.66 $77,576.22
247 $77,576.22 $622.68 $0.00 $438.63 $78,637.53
248 $78,637.53 $622.68 $0.00 $444.63 $79,704.84
249 $79,704.84 $622.68 $0.00 $450.66 $80,778.18
250 $80,778.18 $622.68 $0.00 $456.73 $81,857.59
251 $81,857.59 $622.68 $0.00 $462.83 $82,943.10
252 $82,943.10 $622.68 $0.00 $468.97 $84,034.75
253 $84,034.75 $0.00 $84,509.39 $475.14 $0.50