Savings Plan and Future Cost Estimation for CBT College Cutler Bay

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$86,658
Monthly savings required$385

How much will it cost to send your child to CBT College Cutler Bay in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $173,316.30 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $385.02 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$24,772.00
Years until enrollment18
Annual Tuition Increase7%
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 $385.02 $0.00 $0.00 $385.02
2 $385.02 $385.02 $0.00 $2.18 $772.22
3 $772.22 $385.02 $0.00 $4.37 $1,161.61
4 $1,161.61 $385.02 $0.00 $6.57 $1,553.20
5 $1,553.20 $385.02 $0.00 $8.78 $1,947.00
6 $1,947.00 $385.02 $0.00 $11.01 $2,343.03
7 $2,343.03 $385.02 $0.00 $13.25 $2,741.30
8 $2,741.30 $385.02 $0.00 $15.50 $3,141.82
9 $3,141.82 $385.02 $0.00 $17.76 $3,544.60
10 $3,544.60 $385.02 $0.00 $20.04 $3,949.66
11 $3,949.66 $385.02 $0.00 $22.33 $4,357.01
12 $4,357.01 $385.02 $0.00 $24.64 $4,766.67
13 $4,766.67 $385.02 $0.00 $26.95 $5,178.64
14 $5,178.64 $385.02 $0.00 $29.28 $5,592.94
15 $5,592.94 $385.02 $0.00 $31.62 $6,009.58
16 $6,009.58 $385.02 $0.00 $33.98 $6,428.58
17 $6,428.58 $385.02 $0.00 $36.35 $6,849.95
18 $6,849.95 $385.02 $0.00 $38.73 $7,273.70
19 $7,273.70 $385.02 $0.00 $41.13 $7,699.85
20 $7,699.85 $385.02 $0.00 $43.54 $8,128.41
21 $8,128.41 $385.02 $0.00 $45.96 $8,559.39
22 $8,559.39 $385.02 $0.00 $48.40 $8,992.81
23 $8,992.81 $385.02 $0.00 $50.85 $9,428.68
24 $9,428.68 $385.02 $0.00 $53.31 $9,867.01
25 $9,867.01 $385.02 $0.00 $55.79 $10,307.82
26 $10,307.82 $385.02 $0.00 $58.28 $10,751.12
27 $10,751.12 $385.02 $0.00 $60.79 $11,196.93
28 $11,196.93 $385.02 $0.00 $63.31 $11,645.26
29 $11,645.26 $385.02 $0.00 $65.84 $12,096.12
30 $12,096.12 $385.02 $0.00 $68.39 $12,549.53
31 $12,549.53 $385.02 $0.00 $70.96 $13,005.51
32 $13,005.51 $385.02 $0.00 $73.54 $13,464.07
33 $13,464.07 $385.02 $0.00 $76.13 $13,925.22
34 $13,925.22 $385.02 $0.00 $78.74 $14,388.98
35 $14,388.98 $385.02 $0.00 $81.36 $14,855.36
36 $14,855.36 $385.02 $0.00 $83.99 $15,324.37
37 $15,324.37 $385.02 $0.00 $86.65 $15,796.04
38 $15,796.04 $385.02 $0.00 $89.31 $16,270.37
39 $16,270.37 $385.02 $0.00 $92.00 $16,747.39
40 $16,747.39 $385.02 $0.00 $94.69 $17,227.10
41 $17,227.10 $385.02 $0.00 $97.40 $17,709.52
42 $17,709.52 $385.02 $0.00 $100.13 $18,194.67
43 $18,194.67 $385.02 $0.00 $102.88 $18,682.57
44 $18,682.57 $385.02 $0.00 $105.63 $19,173.22
45 $19,173.22 $385.02 $0.00 $108.41 $19,666.65
46 $19,666.65 $385.02 $0.00 $111.20 $20,162.87
47 $20,162.87 $385.02 $0.00 $114.00 $20,661.89
48 $20,661.89 $385.02 $0.00 $116.83 $21,163.74
49 $21,163.74 $385.02 $0.00 $119.66 $21,668.42
50 $21,668.42 $385.02 $0.00 $122.52 $22,175.96
51 $22,175.96 $385.02 $0.00 $125.39 $22,686.37
52 $22,686.37 $385.02 $0.00 $128.27 $23,199.66
53 $23,199.66 $385.02 $0.00 $131.17 $23,715.85
54 $23,715.85 $385.02 $0.00 $134.09 $24,234.96
55 $24,234.96 $385.02 $0.00 $137.03 $24,757.01
56 $24,757.01 $385.02 $0.00 $139.98 $25,282.01
57 $25,282.01 $385.02 $0.00 $142.95 $25,809.98
58 $25,809.98 $385.02 $0.00 $145.93 $26,340.93
59 $26,340.93 $385.02 $0.00 $148.94 $26,874.89
60 $26,874.89 $385.02 $0.00 $151.95 $27,411.86
61 $27,411.86 $385.02 $0.00 $154.99 $27,951.87
62 $27,951.87 $385.02 $0.00 $158.04 $28,494.93
63 $28,494.93 $385.02 $0.00 $161.11 $29,041.06
64 $29,041.06 $385.02 $0.00 $164.20 $29,590.28
65 $29,590.28 $385.02 $0.00 $167.31 $30,142.61
66 $30,142.61 $385.02 $0.00 $170.43 $30,698.06
67 $30,698.06 $385.02 $0.00 $173.57 $31,256.65
68 $31,256.65 $385.02 $0.00 $176.73 $31,818.40
69 $31,818.40 $385.02 $0.00 $179.91 $32,383.33
70 $32,383.33 $385.02 $0.00 $183.10 $32,951.45
71 $32,951.45 $385.02 $0.00 $186.31 $33,522.78
72 $33,522.78 $385.02 $0.00 $189.54 $34,097.34
73 $34,097.34 $385.02 $0.00 $192.79 $34,675.15
74 $34,675.15 $385.02 $0.00 $196.06 $35,256.23
75 $35,256.23 $385.02 $0.00 $199.34 $35,840.59
76 $35,840.59 $385.02 $0.00 $202.65 $36,428.26
77 $36,428.26 $385.02 $0.00 $205.97 $37,019.25
78 $37,019.25 $385.02 $0.00 $209.31 $37,613.58
79 $37,613.58 $385.02 $0.00 $212.67 $38,211.27
80 $38,211.27 $385.02 $0.00 $216.05 $38,812.34
81 $38,812.34 $385.02 $0.00 $219.45 $39,416.81
82 $39,416.81 $385.02 $0.00 $222.87 $40,024.70
83 $40,024.70 $385.02 $0.00 $226.31 $40,636.03
84 $40,636.03 $385.02 $0.00 $229.76 $41,250.81
85 $41,250.81 $385.02 $0.00 $233.24 $41,869.07
86 $41,869.07 $385.02 $0.00 $236.73 $42,490.82
87 $42,490.82 $385.02 $0.00 $240.25 $43,116.09
88 $43,116.09 $385.02 $0.00 $243.78 $43,744.89
89 $43,744.89 $385.02 $0.00 $247.34 $44,377.25
90 $44,377.25 $385.02 $0.00 $250.92 $45,013.19
91 $45,013.19 $385.02 $0.00 $254.51 $45,652.72
92 $45,652.72 $385.02 $0.00 $258.13 $46,295.87
93 $46,295.87 $385.02 $0.00 $261.76 $46,942.65
94 $46,942.65 $385.02 $0.00 $265.42 $47,593.09
95 $47,593.09 $385.02 $0.00 $269.10 $48,247.21
96 $48,247.21 $385.02 $0.00 $272.80 $48,905.03
97 $48,905.03 $385.02 $0.00 $276.52 $49,566.57
98 $49,566.57 $385.02 $0.00 $280.26 $50,231.85
99 $50,231.85 $385.02 $0.00 $284.02 $50,900.89
100 $50,900.89 $385.02 $0.00 $287.80 $51,573.71
101 $51,573.71 $385.02 $0.00 $291.61 $52,250.34
102 $52,250.34 $385.02 $0.00 $295.43 $52,930.79
103 $52,930.79 $385.02 $0.00 $299.28 $53,615.09
104 $53,615.09 $385.02 $0.00 $303.15 $54,303.26
105 $54,303.26 $385.02 $0.00 $307.04 $54,995.32
106 $54,995.32 $385.02 $0.00 $310.95 $55,691.29
107 $55,691.29 $385.02 $0.00 $314.89 $56,391.20
108 $56,391.20 $385.02 $0.00 $318.84 $57,095.06
109 $57,095.06 $385.02 $0.00 $322.82 $57,802.90
110 $57,802.90 $385.02 $0.00 $326.83 $58,514.75
111 $58,514.75 $385.02 $0.00 $330.85 $59,230.62
112 $59,230.62 $385.02 $0.00 $334.90 $59,950.54
113 $59,950.54 $385.02 $0.00 $338.97 $60,674.53
114 $60,674.53 $385.02 $0.00 $343.06 $61,402.61
115 $61,402.61 $385.02 $0.00 $347.18 $62,134.81
116 $62,134.81 $385.02 $0.00 $351.32 $62,871.15
117 $62,871.15 $385.02 $0.00 $355.48 $63,611.65
118 $63,611.65 $385.02 $0.00 $359.67 $64,356.34
119 $64,356.34 $385.02 $0.00 $363.88 $65,105.24
120 $65,105.24 $385.02 $0.00 $368.11 $65,858.37
121 $65,858.37 $385.02 $0.00 $372.37 $66,615.76
122 $66,615.76 $385.02 $0.00 $376.66 $67,377.44
123 $67,377.44 $385.02 $0.00 $380.96 $68,143.42
124 $68,143.42 $385.02 $0.00 $385.29 $68,913.73
125 $68,913.73 $385.02 $0.00 $389.65 $69,688.40
126 $69,688.40 $385.02 $0.00 $394.03 $70,467.45
127 $70,467.45 $385.02 $0.00 $398.43 $71,250.90
128 $71,250.90 $385.02 $0.00 $402.86 $72,038.78
129 $72,038.78 $385.02 $0.00 $407.32 $72,831.12
130 $72,831.12 $385.02 $0.00 $411.80 $73,627.94
131 $73,627.94 $385.02 $0.00 $416.30 $74,429.26
132 $74,429.26 $385.02 $0.00 $420.83 $75,235.11
133 $75,235.11 $385.02 $0.00 $425.39 $76,045.52
134 $76,045.52 $385.02 $0.00 $429.97 $76,860.51
135 $76,860.51 $385.02 $0.00 $434.58 $77,680.11
136 $77,680.11 $385.02 $0.00 $439.21 $78,504.34
137 $78,504.34 $385.02 $0.00 $443.87 $79,333.23
138 $79,333.23 $385.02 $0.00 $448.56 $80,166.81
139 $80,166.81 $385.02 $0.00 $453.27 $81,005.10
140 $81,005.10 $385.02 $0.00 $458.01 $81,848.13
141 $81,848.13 $385.02 $0.00 $462.78 $82,695.93
142 $82,695.93 $385.02 $0.00 $467.57 $83,548.52
143 $83,548.52 $385.02 $0.00 $472.40 $84,405.94
144 $84,405.94 $385.02 $0.00 $477.24 $85,268.20
145 $85,268.20 $385.02 $0.00 $482.12 $86,135.34
146 $86,135.34 $385.02 $0.00 $487.02 $87,007.38
147 $87,007.38 $385.02 $0.00 $491.95 $87,884.35
148 $87,884.35 $385.02 $0.00 $496.91 $88,766.28
149 $88,766.28 $385.02 $0.00 $501.90 $89,653.20
150 $89,653.20 $385.02 $0.00 $506.91 $90,545.13
151 $90,545.13 $385.02 $0.00 $511.96 $91,442.11
152 $91,442.11 $385.02 $0.00 $517.03 $92,344.16
153 $92,344.16 $385.02 $0.00 $522.13 $93,251.31
154 $93,251.31 $385.02 $0.00 $527.26 $94,163.59
155 $94,163.59 $385.02 $0.00 $532.41 $95,081.02
156 $95,081.02 $385.02 $0.00 $537.60 $96,003.64
157 $96,003.64 $385.02 $0.00 $542.82 $96,931.48
158 $96,931.48 $385.02 $0.00 $548.06 $97,864.56
159 $97,864.56 $385.02 $0.00 $553.34 $98,802.92
160 $98,802.92 $385.02 $0.00 $558.65 $99,746.59
161 $99,746.59 $385.02 $0.00 $563.98 $100,695.59
162 $100,695.59 $385.02 $0.00 $569.35 $101,649.96
163 $101,649.96 $385.02 $0.00 $574.74 $102,609.72
164 $102,609.72 $385.02 $0.00 $580.17 $103,574.91
165 $103,574.91 $385.02 $0.00 $585.63 $104,545.56
166 $104,545.56 $385.02 $0.00 $591.12 $105,521.70
167 $105,521.70 $385.02 $0.00 $596.64 $106,503.36
168 $106,503.36 $385.02 $0.00 $602.19 $107,490.57
169 $107,490.57 $385.02 $0.00 $607.77 $108,483.36
170 $108,483.36 $385.02 $0.00 $613.38 $109,481.76
171 $109,481.76 $385.02 $0.00 $619.03 $110,485.81
172 $110,485.81 $385.02 $0.00 $624.70 $111,495.53
173 $111,495.53 $385.02 $0.00 $630.41 $112,510.96
174 $112,510.96 $385.02 $0.00 $636.15 $113,532.13
175 $113,532.13 $385.02 $0.00 $641.93 $114,559.08
176 $114,559.08 $385.02 $0.00 $647.73 $115,591.83
177 $115,591.83 $385.02 $0.00 $653.57 $116,630.42
178 $116,630.42 $385.02 $0.00 $659.45 $117,674.89
179 $117,674.89 $385.02 $0.00 $665.35 $118,725.26
180 $118,725.26 $385.02 $0.00 $671.29 $119,781.57
181 $119,781.57 $385.02 $0.00 $677.26 $120,843.85
182 $120,843.85 $385.02 $0.00 $683.27 $121,912.14
183 $121,912.14 $385.02 $0.00 $689.31 $122,986.47
184 $122,986.47 $385.02 $0.00 $695.38 $124,066.87
185 $124,066.87 $385.02 $0.00 $701.49 $125,153.38
186 $125,153.38 $385.02 $0.00 $707.64 $126,246.04
187 $126,246.04 $385.02 $0.00 $713.81 $127,344.87
188 $127,344.87 $385.02 $0.00 $720.03 $128,449.92
189 $128,449.92 $385.02 $0.00 $726.27 $129,561.21
190 $129,561.21 $385.02 $0.00 $732.56 $130,678.79
191 $130,678.79 $385.02 $0.00 $738.88 $131,802.69
192 $131,802.69 $385.02 $0.00 $745.23 $132,932.94
193 $132,932.94 $385.02 $0.00 $751.62 $134,069.58
194 $134,069.58 $385.02 $0.00 $758.05 $135,212.65
195 $135,212.65 $385.02 $0.00 $764.51 $136,362.18
196 $136,362.18 $385.02 $0.00 $771.01 $137,518.21
197 $137,518.21 $385.02 $0.00 $777.55 $138,680.78
198 $138,680.78 $385.02 $0.00 $784.12 $139,849.92
199 $139,849.92 $385.02 $0.00 $790.73 $141,025.67
200 $141,025.67 $385.02 $0.00 $797.38 $142,208.07
201 $142,208.07 $385.02 $0.00 $804.07 $143,397.16
202 $143,397.16 $385.02 $0.00 $810.79 $144,592.97
203 $144,592.97 $385.02 $0.00 $817.55 $145,795.54
204 $145,795.54 $385.02 $0.00 $824.35 $147,004.91
205 $147,004.91 $385.02 $0.00 $831.19 $148,221.12
206 $148,221.12 $385.02 $0.00 $838.06 $149,444.20
207 $149,444.20 $385.02 $0.00 $844.98 $150,674.20
208 $150,674.20 $385.02 $0.00 $851.93 $151,911.15
209 $151,911.15 $385.02 $0.00 $858.93 $153,155.10
210 $153,155.10 $385.02 $0.00 $865.96 $154,406.08
211 $154,406.08 $385.02 $0.00 $873.03 $155,664.13
212 $155,664.13 $385.02 $0.00 $880.15 $156,929.30
213 $156,929.30 $385.02 $0.00 $887.30 $158,201.62
214 $158,201.62 $385.02 $0.00 $894.49 $159,481.13
215 $159,481.13 $385.02 $0.00 $901.73 $160,767.88
216 $160,767.88 $385.02 $0.00 $909.00 $162,061.90
217 $162,061.90 $385.02 $83,727.68 $916.32 $79,635.56
218 $79,635.56 $385.02 $0.00 $450.27 $80,470.85
219 $80,470.85 $385.02 $0.00 $454.99 $81,310.86
220 $81,310.86 $385.02 $0.00 $459.74 $82,155.62
221 $82,155.62 $385.02 $0.00 $464.52 $83,005.16
222 $83,005.16 $385.02 $0.00 $469.32 $83,859.50
223 $83,859.50 $385.02 $0.00 $474.15 $84,718.67
224 $84,718.67 $385.02 $0.00 $479.01 $85,582.70
225 $85,582.70 $385.02 $0.00 $483.90 $86,451.62
226 $86,451.62 $385.02 $0.00 $488.81 $87,325.45
227 $87,325.45 $385.02 $0.00 $493.75 $88,204.22
228 $88,204.22 $385.02 $0.00 $498.72 $89,087.96
229 $89,087.96 $0.00 $89,588.62 $503.72 $3.06