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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$84,080
Monthly savings required$666

How much will it cost to send your child to City College Miami in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $336,318.26 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $665.56 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$32,423.00
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 $665.56 $0.00 $0.00 $665.56
2 $665.56 $665.56 $0.00 $3.76 $1,334.88
3 $1,334.88 $665.56 $0.00 $7.55 $2,007.99
4 $2,007.99 $665.56 $0.00 $11.35 $2,684.90
5 $2,684.90 $665.56 $0.00 $15.18 $3,365.64
6 $3,365.64 $665.56 $0.00 $19.03 $4,050.23
7 $4,050.23 $665.56 $0.00 $22.90 $4,738.69
8 $4,738.69 $665.56 $0.00 $26.79 $5,431.04
9 $5,431.04 $665.56 $0.00 $30.71 $6,127.31
10 $6,127.31 $665.56 $0.00 $34.64 $6,827.51
11 $6,827.51 $665.56 $0.00 $38.60 $7,531.67
12 $7,531.67 $665.56 $0.00 $42.59 $8,239.82
13 $8,239.82 $665.56 $0.00 $46.59 $8,951.97
14 $8,951.97 $665.56 $0.00 $50.62 $9,668.15
15 $9,668.15 $665.56 $0.00 $54.67 $10,388.38
16 $10,388.38 $665.56 $0.00 $58.74 $11,112.68
17 $11,112.68 $665.56 $0.00 $62.83 $11,841.07
18 $11,841.07 $665.56 $0.00 $66.95 $12,573.58
19 $12,573.58 $665.56 $0.00 $71.09 $13,310.23
20 $13,310.23 $665.56 $0.00 $75.26 $14,051.05
21 $14,051.05 $665.56 $0.00 $79.45 $14,796.06
22 $14,796.06 $665.56 $0.00 $83.66 $15,545.28
23 $15,545.28 $665.56 $0.00 $87.90 $16,298.74
24 $16,298.74 $665.56 $0.00 $92.16 $17,056.46
25 $17,056.46 $665.56 $0.00 $96.44 $17,818.46
26 $17,818.46 $665.56 $0.00 $100.75 $18,584.77
27 $18,584.77 $665.56 $0.00 $105.08 $19,355.41
28 $19,355.41 $665.56 $0.00 $109.44 $20,130.41
29 $20,130.41 $665.56 $0.00 $113.82 $20,909.79
30 $20,909.79 $665.56 $0.00 $118.23 $21,693.58
31 $21,693.58 $665.56 $0.00 $122.66 $22,481.80
32 $22,481.80 $665.56 $0.00 $127.12 $23,274.48
33 $23,274.48 $665.56 $0.00 $131.60 $24,071.64
34 $24,071.64 $665.56 $0.00 $136.10 $24,873.30
35 $24,873.30 $665.56 $0.00 $140.64 $25,679.50
36 $25,679.50 $665.56 $0.00 $145.20 $26,490.26
37 $26,490.26 $665.56 $0.00 $149.78 $27,305.60
38 $27,305.60 $665.56 $0.00 $154.39 $28,125.55
39 $28,125.55 $665.56 $0.00 $159.03 $28,950.14
40 $28,950.14 $665.56 $0.00 $163.69 $29,779.39
41 $29,779.39 $665.56 $0.00 $168.38 $30,613.33
42 $30,613.33 $665.56 $0.00 $173.09 $31,451.98
43 $31,451.98 $665.56 $0.00 $177.83 $32,295.37
44 $32,295.37 $665.56 $0.00 $182.60 $33,143.53
45 $33,143.53 $665.56 $0.00 $187.40 $33,996.49
46 $33,996.49 $665.56 $0.00 $192.22 $34,854.27
47 $34,854.27 $665.56 $0.00 $197.07 $35,716.90
48 $35,716.90 $665.56 $0.00 $201.95 $36,584.41
49 $36,584.41 $665.56 $0.00 $206.85 $37,456.82
50 $37,456.82 $665.56 $0.00 $211.79 $38,334.17
51 $38,334.17 $665.56 $0.00 $216.75 $39,216.48
52 $39,216.48 $665.56 $0.00 $221.74 $40,103.78
53 $40,103.78 $665.56 $0.00 $226.75 $40,996.09
54 $40,996.09 $665.56 $0.00 $231.80 $41,893.45
55 $41,893.45 $665.56 $0.00 $236.87 $42,795.88
56 $42,795.88 $665.56 $0.00 $241.97 $43,703.41
57 $43,703.41 $665.56 $0.00 $247.11 $44,616.08
58 $44,616.08 $665.56 $0.00 $252.27 $45,533.91
59 $45,533.91 $665.56 $0.00 $257.46 $46,456.93
60 $46,456.93 $665.56 $0.00 $262.67 $47,385.16
61 $47,385.16 $665.56 $0.00 $267.92 $48,318.64
62 $48,318.64 $665.56 $0.00 $273.20 $49,257.40
63 $49,257.40 $665.56 $0.00 $278.51 $50,201.47
64 $50,201.47 $665.56 $0.00 $283.85 $51,150.88
65 $51,150.88 $665.56 $0.00 $289.21 $52,105.65
66 $52,105.65 $665.56 $0.00 $294.61 $53,065.82
67 $53,065.82 $665.56 $0.00 $300.04 $54,031.42
68 $54,031.42 $665.56 $0.00 $305.50 $55,002.48
69 $55,002.48 $665.56 $0.00 $310.99 $55,979.03
70 $55,979.03 $665.56 $0.00 $316.51 $56,961.10
71 $56,961.10 $665.56 $0.00 $322.07 $57,948.73
72 $57,948.73 $665.56 $0.00 $327.65 $58,941.94
73 $58,941.94 $665.56 $0.00 $333.27 $59,940.77
74 $59,940.77 $665.56 $0.00 $338.91 $60,945.24
75 $60,945.24 $665.56 $0.00 $344.59 $61,955.39
76 $61,955.39 $665.56 $0.00 $350.30 $62,971.25
77 $62,971.25 $665.56 $0.00 $356.05 $63,992.86
78 $63,992.86 $665.56 $0.00 $361.82 $65,020.24
79 $65,020.24 $665.56 $0.00 $367.63 $66,053.43
80 $66,053.43 $665.56 $0.00 $373.48 $67,092.47
81 $67,092.47 $665.56 $0.00 $379.35 $68,137.38
82 $68,137.38 $665.56 $0.00 $385.26 $69,188.20
83 $69,188.20 $665.56 $0.00 $391.20 $70,244.96
84 $70,244.96 $665.56 $0.00 $397.18 $71,307.70
85 $71,307.70 $665.56 $0.00 $403.18 $72,376.44
86 $72,376.44 $665.56 $0.00 $409.23 $73,451.23
87 $73,451.23 $665.56 $0.00 $415.30 $74,532.09
88 $74,532.09 $665.56 $0.00 $421.42 $75,619.07
89 $75,619.07 $665.56 $0.00 $427.56 $76,712.19
90 $76,712.19 $665.56 $0.00 $433.74 $77,811.49
91 $77,811.49 $665.56 $0.00 $439.96 $78,917.01
92 $78,917.01 $665.56 $0.00 $446.21 $80,028.78
93 $80,028.78 $665.56 $0.00 $452.49 $81,146.83
94 $81,146.83 $665.56 $0.00 $458.82 $82,271.21
95 $82,271.21 $665.56 $0.00 $465.17 $83,401.94
96 $83,401.94 $665.56 $0.00 $471.57 $84,539.07
97 $84,539.07 $665.56 $0.00 $478.00 $85,682.63
98 $85,682.63 $665.56 $0.00 $484.46 $86,832.65
99 $86,832.65 $665.56 $0.00 $490.96 $87,989.17
100 $87,989.17 $665.56 $0.00 $497.50 $89,152.23
101 $89,152.23 $665.56 $0.00 $504.08 $90,321.87
102 $90,321.87 $665.56 $0.00 $510.69 $91,498.12
103 $91,498.12 $665.56 $0.00 $517.34 $92,681.02
104 $92,681.02 $665.56 $0.00 $524.03 $93,870.61
105 $93,870.61 $665.56 $0.00 $530.76 $95,066.93
106 $95,066.93 $665.56 $0.00 $537.52 $96,270.01
107 $96,270.01 $665.56 $0.00 $544.32 $97,479.89
108 $97,479.89 $665.56 $0.00 $551.17 $98,696.62
109 $98,696.62 $665.56 $0.00 $558.05 $99,920.23
110 $99,920.23 $665.56 $0.00 $564.96 $101,150.75
111 $101,150.75 $665.56 $0.00 $571.92 $102,388.23
112 $102,388.23 $665.56 $0.00 $578.92 $103,632.71
113 $103,632.71 $665.56 $0.00 $585.95 $104,884.22
114 $104,884.22 $665.56 $0.00 $593.03 $106,142.81
115 $106,142.81 $665.56 $0.00 $600.15 $107,408.52
116 $107,408.52 $665.56 $0.00 $607.30 $108,681.38
117 $108,681.38 $665.56 $0.00 $614.50 $109,961.44
118 $109,961.44 $665.56 $0.00 $621.74 $111,248.74
119 $111,248.74 $665.56 $0.00 $629.02 $112,543.32
120 $112,543.32 $665.56 $0.00 $636.34 $113,845.22
121 $113,845.22 $665.56 $0.00 $643.70 $115,154.48
122 $115,154.48 $665.56 $0.00 $651.10 $116,471.14
123 $116,471.14 $665.56 $0.00 $658.54 $117,795.24
124 $117,795.24 $665.56 $0.00 $666.03 $119,126.83
125 $119,126.83 $665.56 $0.00 $673.56 $120,465.95
126 $120,465.95 $665.56 $0.00 $681.13 $121,812.64
127 $121,812.64 $665.56 $0.00 $688.75 $123,166.95
128 $123,166.95 $665.56 $0.00 $696.40 $124,528.91
129 $124,528.91 $665.56 $0.00 $704.10 $125,898.57
130 $125,898.57 $665.56 $0.00 $711.85 $127,275.98
131 $127,275.98 $665.56 $0.00 $719.64 $128,661.18
132 $128,661.18 $665.56 $0.00 $727.47 $130,054.21
133 $130,054.21 $665.56 $0.00 $735.35 $131,455.12
134 $131,455.12 $665.56 $0.00 $743.27 $132,863.95
135 $132,863.95 $665.56 $0.00 $751.23 $134,280.74
136 $134,280.74 $665.56 $0.00 $759.24 $135,705.54
137 $135,705.54 $665.56 $0.00 $767.30 $137,138.40
138 $137,138.40 $665.56 $0.00 $775.40 $138,579.36
139 $138,579.36 $665.56 $0.00 $783.55 $140,028.47
140 $140,028.47 $665.56 $0.00 $791.74 $141,485.77
141 $141,485.77 $665.56 $0.00 $799.98 $142,951.31
142 $142,951.31 $665.56 $0.00 $808.27 $144,425.14
143 $144,425.14 $665.56 $0.00 $816.60 $145,907.30
144 $145,907.30 $665.56 $0.00 $824.98 $147,397.84
145 $147,397.84 $665.56 $0.00 $833.41 $148,896.81
146 $148,896.81 $665.56 $0.00 $841.88 $150,404.25
147 $150,404.25 $665.56 $0.00 $850.41 $151,920.22
148 $151,920.22 $665.56 $0.00 $858.98 $153,444.76
149 $153,444.76 $665.56 $0.00 $867.60 $154,977.92
150 $154,977.92 $665.56 $0.00 $876.27 $156,519.75
151 $156,519.75 $665.56 $0.00 $884.99 $158,070.30
152 $158,070.30 $665.56 $0.00 $893.75 $159,629.61
153 $159,629.61 $665.56 $0.00 $902.57 $161,197.74
154 $161,197.74 $665.56 $0.00 $911.44 $162,774.74
155 $162,774.74 $665.56 $0.00 $920.35 $164,360.65
156 $164,360.65 $665.56 $0.00 $929.32 $165,955.53
157 $165,955.53 $665.56 $0.00 $938.34 $167,559.43
158 $167,559.43 $665.56 $0.00 $947.41 $169,172.40
159 $169,172.40 $665.56 $0.00 $956.53 $170,794.49
160 $170,794.49 $665.56 $0.00 $965.70 $172,425.75
161 $172,425.75 $665.56 $0.00 $974.92 $174,066.23
162 $174,066.23 $665.56 $0.00 $984.20 $175,715.99
163 $175,715.99 $665.56 $0.00 $993.52 $177,375.07
164 $177,375.07 $665.56 $0.00 $1,002.90 $179,043.53
165 $179,043.53 $665.56 $0.00 $1,012.34 $180,721.43
166 $180,721.43 $665.56 $0.00 $1,021.83 $182,408.82
167 $182,408.82 $665.56 $0.00 $1,031.37 $184,105.75
168 $184,105.75 $665.56 $0.00 $1,040.96 $185,812.27
169 $185,812.27 $665.56 $0.00 $1,050.61 $187,528.44
170 $187,528.44 $665.56 $0.00 $1,060.31 $189,254.31
171 $189,254.31 $665.56 $0.00 $1,070.07 $190,989.94
172 $190,989.94 $665.56 $0.00 $1,079.88 $192,735.38
173 $192,735.38 $665.56 $0.00 $1,089.75 $194,490.69
174 $194,490.69 $665.56 $0.00 $1,099.68 $196,255.93
175 $196,255.93 $665.56 $0.00 $1,109.66 $198,031.15
176 $198,031.15 $665.56 $0.00 $1,119.70 $199,816.41
177 $199,816.41 $665.56 $0.00 $1,129.79 $201,611.76
178 $201,611.76 $665.56 $0.00 $1,139.94 $203,417.26
179 $203,417.26 $665.56 $0.00 $1,150.15 $205,232.97
180 $205,232.97 $665.56 $0.00 $1,160.42 $207,058.95
181 $207,058.95 $665.56 $0.00 $1,170.74 $208,895.25
182 $208,895.25 $665.56 $0.00 $1,181.12 $210,741.93
183 $210,741.93 $665.56 $0.00 $1,191.57 $212,599.06
184 $212,599.06 $665.56 $0.00 $1,202.07 $214,466.69
185 $214,466.69 $665.56 $0.00 $1,212.63 $216,344.88
186 $216,344.88 $665.56 $0.00 $1,223.25 $218,233.69
187 $218,233.69 $665.56 $0.00 $1,233.93 $220,133.18
188 $220,133.18 $665.56 $0.00 $1,244.67 $222,043.41
189 $222,043.41 $665.56 $0.00 $1,255.47 $223,964.44
190 $223,964.44 $665.56 $0.00 $1,266.33 $225,896.33
191 $225,896.33 $665.56 $0.00 $1,277.25 $227,839.14
192 $227,839.14 $665.56 $0.00 $1,288.24 $229,792.94
193 $229,792.94 $665.56 $0.00 $1,299.28 $231,757.78
194 $231,757.78 $665.56 $0.00 $1,310.39 $233,733.73
195 $233,733.73 $665.56 $0.00 $1,321.56 $235,720.85
196 $235,720.85 $665.56 $0.00 $1,332.80 $237,719.21
197 $237,719.21 $665.56 $0.00 $1,344.10 $239,728.87
198 $239,728.87 $665.56 $0.00 $1,355.46 $241,749.89
199 $241,749.89 $665.56 $0.00 $1,366.89 $243,782.34
200 $243,782.34 $665.56 $0.00 $1,378.38 $245,826.28
201 $245,826.28 $665.56 $0.00 $1,389.94 $247,881.78
202 $247,881.78 $665.56 $0.00 $1,401.56 $249,948.90
203 $249,948.90 $665.56 $0.00 $1,413.25 $252,027.71
204 $252,027.71 $665.56 $0.00 $1,425.00 $254,118.27
205 $254,118.27 $665.56 $0.00 $1,436.82 $256,220.65
206 $256,220.65 $665.56 $0.00 $1,448.71 $258,334.92
207 $258,334.92 $665.56 $0.00 $1,460.66 $260,461.14
208 $260,461.14 $665.56 $0.00 $1,472.69 $262,599.39
209 $262,599.39 $665.56 $0.00 $1,484.78 $264,749.73
210 $264,749.73 $665.56 $0.00 $1,496.93 $266,912.22
211 $266,912.22 $665.56 $0.00 $1,509.16 $269,086.94
212 $269,086.94 $665.56 $0.00 $1,521.46 $271,273.96
213 $271,273.96 $665.56 $0.00 $1,533.82 $273,473.34
214 $273,473.34 $665.56 $0.00 $1,546.26 $275,685.16
215 $275,685.16 $665.56 $0.00 $1,558.76 $277,909.48
216 $277,909.48 $665.56 $0.00 $1,571.34 $280,146.38
217 $280,146.38 $665.56 $78,029.82 $1,583.99 $204,366.11
218 $204,366.11 $665.56 $0.00 $1,155.52 $206,187.19
219 $206,187.19 $665.56 $0.00 $1,165.81 $208,018.56
220 $208,018.56 $665.56 $0.00 $1,176.17 $209,860.29
221 $209,860.29 $665.56 $0.00 $1,186.58 $211,712.43
222 $211,712.43 $665.56 $0.00 $1,197.05 $213,575.04
223 $213,575.04 $665.56 $0.00 $1,207.58 $215,448.18
224 $215,448.18 $665.56 $0.00 $1,218.18 $217,331.92
225 $217,331.92 $665.56 $0.00 $1,228.83 $219,226.31
226 $219,226.31 $665.56 $0.00 $1,239.54 $221,131.41
227 $221,131.41 $665.56 $0.00 $1,250.31 $223,047.28
228 $223,047.28 $665.56 $0.00 $1,261.14 $224,973.98
229 $224,973.98 $665.56 $81,931.31 $1,272.04 $144,980.27
230 $144,980.27 $665.56 $0.00 $819.74 $146,465.57
231 $146,465.57 $665.56 $0.00 $828.14 $147,959.27
232 $147,959.27 $665.56 $0.00 $836.58 $149,461.41
233 $149,461.41 $665.56 $0.00 $845.08 $150,972.05
234 $150,972.05 $665.56 $0.00 $853.62 $152,491.23
235 $152,491.23 $665.56 $0.00 $862.21 $154,019.00
236 $154,019.00 $665.56 $0.00 $870.85 $155,555.41
237 $155,555.41 $665.56 $0.00 $879.53 $157,100.50
238 $157,100.50 $665.56 $0.00 $888.27 $158,654.33
239 $158,654.33 $665.56 $0.00 $897.05 $160,216.94
240 $160,216.94 $665.56 $0.00 $905.89 $161,788.39
241 $161,788.39 $665.56 $86,027.87 $914.78 $77,340.86
242 $77,340.86 $665.56 $0.00 $437.30 $78,443.72
243 $78,443.72 $665.56 $0.00 $443.53 $79,552.81
244 $79,552.81 $665.56 $0.00 $449.80 $80,668.17
245 $80,668.17 $665.56 $0.00 $456.11 $81,789.84
246 $81,789.84 $665.56 $0.00 $462.45 $82,917.85
247 $82,917.85 $665.56 $0.00 $468.83 $84,052.24
248 $84,052.24 $665.56 $0.00 $475.24 $85,193.04
249 $85,193.04 $665.56 $0.00 $481.69 $86,340.29
250 $86,340.29 $665.56 $0.00 $488.18 $87,494.03
251 $87,494.03 $665.56 $0.00 $494.70 $88,654.29
252 $88,654.29 $665.56 $0.00 $501.26 $89,821.11
253 $89,821.11 $0.00 $90,329.27 $507.86 ($0.30)