Savings Plan and Future Cost Estimation for College of Central Florida

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$41,082
Monthly savings required$325

How much will it cost to send your child to College of Central Florida in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $164,326.37 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $325.19 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$15,842.00
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 $325.19 $0.00 $0.00 $325.19
2 $325.19 $325.19 $0.00 $1.84 $652.22
3 $652.22 $325.19 $0.00 $3.69 $981.10
4 $981.10 $325.19 $0.00 $5.55 $1,311.84
5 $1,311.84 $325.19 $0.00 $7.42 $1,644.45
6 $1,644.45 $325.19 $0.00 $9.30 $1,978.94
7 $1,978.94 $325.19 $0.00 $11.19 $2,315.32
8 $2,315.32 $325.19 $0.00 $13.09 $2,653.60
9 $2,653.60 $325.19 $0.00 $15.00 $2,993.79
10 $2,993.79 $325.19 $0.00 $16.93 $3,335.91
11 $3,335.91 $325.19 $0.00 $18.86 $3,679.96
12 $3,679.96 $325.19 $0.00 $20.81 $4,025.96
13 $4,025.96 $325.19 $0.00 $22.76 $4,373.91
14 $4,373.91 $325.19 $0.00 $24.73 $4,723.83
15 $4,723.83 $325.19 $0.00 $26.71 $5,075.73
16 $5,075.73 $325.19 $0.00 $28.70 $5,429.62
17 $5,429.62 $325.19 $0.00 $30.70 $5,785.51
18 $5,785.51 $325.19 $0.00 $32.71 $6,143.41
19 $6,143.41 $325.19 $0.00 $34.74 $6,503.34
20 $6,503.34 $325.19 $0.00 $36.77 $6,865.30
21 $6,865.30 $325.19 $0.00 $38.82 $7,229.31
22 $7,229.31 $325.19 $0.00 $40.88 $7,595.38
23 $7,595.38 $325.19 $0.00 $42.95 $7,963.52
24 $7,963.52 $325.19 $0.00 $45.03 $8,333.74
25 $8,333.74 $325.19 $0.00 $47.12 $8,706.05
26 $8,706.05 $325.19 $0.00 $49.23 $9,080.47
27 $9,080.47 $325.19 $0.00 $51.34 $9,457.00
28 $9,457.00 $325.19 $0.00 $53.47 $9,835.66
29 $9,835.66 $325.19 $0.00 $55.61 $10,216.46
30 $10,216.46 $325.19 $0.00 $57.77 $10,599.42
31 $10,599.42 $325.19 $0.00 $59.93 $10,984.54
32 $10,984.54 $325.19 $0.00 $62.11 $11,371.84
33 $11,371.84 $325.19 $0.00 $64.30 $11,761.33
34 $11,761.33 $325.19 $0.00 $66.50 $12,153.02
35 $12,153.02 $325.19 $0.00 $68.71 $12,546.92
36 $12,546.92 $325.19 $0.00 $70.94 $12,943.05
37 $12,943.05 $325.19 $0.00 $73.18 $13,341.42
38 $13,341.42 $325.19 $0.00 $75.43 $13,742.04
39 $13,742.04 $325.19 $0.00 $77.70 $14,144.93
40 $14,144.93 $325.19 $0.00 $79.98 $14,550.10
41 $14,550.10 $325.19 $0.00 $82.27 $14,957.56
42 $14,957.56 $325.19 $0.00 $84.57 $15,367.32
43 $15,367.32 $325.19 $0.00 $86.89 $15,779.40
44 $15,779.40 $325.19 $0.00 $89.22 $16,193.81
45 $16,193.81 $325.19 $0.00 $91.56 $16,610.56
46 $16,610.56 $325.19 $0.00 $93.92 $17,029.67
47 $17,029.67 $325.19 $0.00 $96.29 $17,451.15
48 $17,451.15 $325.19 $0.00 $98.67 $17,875.01
49 $17,875.01 $325.19 $0.00 $101.07 $18,301.27
50 $18,301.27 $325.19 $0.00 $103.48 $18,729.94
51 $18,729.94 $325.19 $0.00 $105.90 $19,161.03
52 $19,161.03 $325.19 $0.00 $108.34 $19,594.56
53 $19,594.56 $325.19 $0.00 $110.79 $20,030.54
54 $20,030.54 $325.19 $0.00 $113.26 $20,468.99
55 $20,468.99 $325.19 $0.00 $115.73 $20,909.91
56 $20,909.91 $325.19 $0.00 $118.23 $21,353.33
57 $21,353.33 $325.19 $0.00 $120.73 $21,799.25
58 $21,799.25 $325.19 $0.00 $123.26 $22,247.70
59 $22,247.70 $325.19 $0.00 $125.79 $22,698.68
60 $22,698.68 $325.19 $0.00 $128.34 $23,152.21
61 $23,152.21 $325.19 $0.00 $130.91 $23,608.31
62 $23,608.31 $325.19 $0.00 $133.48 $24,066.98
63 $24,066.98 $325.19 $0.00 $136.08 $24,528.25
64 $24,528.25 $325.19 $0.00 $138.69 $24,992.13
65 $24,992.13 $325.19 $0.00 $141.31 $25,458.63
66 $25,458.63 $325.19 $0.00 $143.95 $25,927.77
67 $25,927.77 $325.19 $0.00 $146.60 $26,399.56
68 $26,399.56 $325.19 $0.00 $149.27 $26,874.02
69 $26,874.02 $325.19 $0.00 $151.95 $27,351.16
70 $27,351.16 $325.19 $0.00 $154.65 $27,831.00
71 $27,831.00 $325.19 $0.00 $157.36 $28,313.55
72 $28,313.55 $325.19 $0.00 $160.09 $28,798.83
73 $28,798.83 $325.19 $0.00 $162.83 $29,286.85
74 $29,286.85 $325.19 $0.00 $165.59 $29,777.63
75 $29,777.63 $325.19 $0.00 $168.37 $30,271.19
76 $30,271.19 $325.19 $0.00 $171.16 $30,767.54
77 $30,767.54 $325.19 $0.00 $173.96 $31,266.69
78 $31,266.69 $325.19 $0.00 $176.79 $31,768.67
79 $31,768.67 $325.19 $0.00 $179.62 $32,273.48
80 $32,273.48 $325.19 $0.00 $182.48 $32,781.15
81 $32,781.15 $325.19 $0.00 $185.35 $33,291.69
82 $33,291.69 $325.19 $0.00 $188.24 $33,805.12
83 $33,805.12 $325.19 $0.00 $191.14 $34,321.45
84 $34,321.45 $325.19 $0.00 $194.06 $34,840.70
85 $34,840.70 $325.19 $0.00 $196.99 $35,362.88
86 $35,362.88 $325.19 $0.00 $199.95 $35,888.02
87 $35,888.02 $325.19 $0.00 $202.92 $36,416.13
88 $36,416.13 $325.19 $0.00 $205.90 $36,947.22
89 $36,947.22 $325.19 $0.00 $208.90 $37,481.31
90 $37,481.31 $325.19 $0.00 $211.92 $38,018.42
91 $38,018.42 $325.19 $0.00 $214.96 $38,558.57
92 $38,558.57 $325.19 $0.00 $218.02 $39,101.78
93 $39,101.78 $325.19 $0.00 $221.09 $39,648.06
94 $39,648.06 $325.19 $0.00 $224.18 $40,197.43
95 $40,197.43 $325.19 $0.00 $227.28 $40,749.90
96 $40,749.90 $325.19 $0.00 $230.41 $41,305.50
97 $41,305.50 $325.19 $0.00 $233.55 $41,864.24
98 $41,864.24 $325.19 $0.00 $236.71 $42,426.14
99 $42,426.14 $325.19 $0.00 $239.88 $42,991.21
100 $42,991.21 $325.19 $0.00 $243.08 $43,559.48
101 $43,559.48 $325.19 $0.00 $246.29 $44,130.96
102 $44,130.96 $325.19 $0.00 $249.52 $44,705.67
103 $44,705.67 $325.19 $0.00 $252.77 $45,283.63
104 $45,283.63 $325.19 $0.00 $256.04 $45,864.86
105 $45,864.86 $325.19 $0.00 $259.33 $46,449.38
106 $46,449.38 $325.19 $0.00 $262.63 $47,037.20
107 $47,037.20 $325.19 $0.00 $265.96 $47,628.35
108 $47,628.35 $325.19 $0.00 $269.30 $48,222.84
109 $48,222.84 $325.19 $0.00 $272.66 $48,820.69
110 $48,820.69 $325.19 $0.00 $276.04 $49,421.92
111 $49,421.92 $325.19 $0.00 $279.44 $50,026.55
112 $50,026.55 $325.19 $0.00 $282.86 $50,634.60
113 $50,634.60 $325.19 $0.00 $286.30 $51,246.09
114 $51,246.09 $325.19 $0.00 $289.75 $51,861.03
115 $51,861.03 $325.19 $0.00 $293.23 $52,479.45
116 $52,479.45 $325.19 $0.00 $296.73 $53,101.37
117 $53,101.37 $325.19 $0.00 $300.24 $53,726.80
118 $53,726.80 $325.19 $0.00 $303.78 $54,355.77
119 $54,355.77 $325.19 $0.00 $307.34 $54,988.30
120 $54,988.30 $325.19 $0.00 $310.91 $55,624.40
121 $55,624.40 $325.19 $0.00 $314.51 $56,264.10
122 $56,264.10 $325.19 $0.00 $318.13 $56,907.42
123 $56,907.42 $325.19 $0.00 $321.76 $57,554.37
124 $57,554.37 $325.19 $0.00 $325.42 $58,204.98
125 $58,204.98 $325.19 $0.00 $329.10 $58,859.27
126 $58,859.27 $325.19 $0.00 $332.80 $59,517.26
127 $59,517.26 $325.19 $0.00 $336.52 $60,178.97
128 $60,178.97 $325.19 $0.00 $340.26 $60,844.42
129 $60,844.42 $325.19 $0.00 $344.02 $61,513.63
130 $61,513.63 $325.19 $0.00 $347.81 $62,186.63
131 $62,186.63 $325.19 $0.00 $351.61 $62,863.43
132 $62,863.43 $325.19 $0.00 $355.44 $63,544.06
133 $63,544.06 $325.19 $0.00 $359.29 $64,228.54
134 $64,228.54 $325.19 $0.00 $363.16 $64,916.89
135 $64,916.89 $325.19 $0.00 $367.05 $65,609.13
136 $65,609.13 $325.19 $0.00 $370.96 $66,305.28
137 $66,305.28 $325.19 $0.00 $374.90 $67,005.37
138 $67,005.37 $325.19 $0.00 $378.86 $67,709.42
139 $67,709.42 $325.19 $0.00 $382.84 $68,417.45
140 $68,417.45 $325.19 $0.00 $386.84 $69,129.48
141 $69,129.48 $325.19 $0.00 $390.87 $69,845.54
142 $69,845.54 $325.19 $0.00 $394.92 $70,565.65
143 $70,565.65 $325.19 $0.00 $398.99 $71,289.83
144 $71,289.83 $325.19 $0.00 $403.08 $72,018.10
145 $72,018.10 $325.19 $0.00 $407.20 $72,750.49
146 $72,750.49 $325.19 $0.00 $411.34 $73,487.02
147 $73,487.02 $325.19 $0.00 $415.51 $74,227.72
148 $74,227.72 $325.19 $0.00 $419.69 $74,972.60
149 $74,972.60 $325.19 $0.00 $423.91 $75,721.70
150 $75,721.70 $325.19 $0.00 $428.14 $76,475.03
151 $76,475.03 $325.19 $0.00 $432.40 $77,232.62
152 $77,232.62 $325.19 $0.00 $436.68 $77,994.49
153 $77,994.49 $325.19 $0.00 $440.99 $78,760.67
154 $78,760.67 $325.19 $0.00 $445.32 $79,531.18
155 $79,531.18 $325.19 $0.00 $449.68 $80,306.05
156 $80,306.05 $325.19 $0.00 $454.06 $81,085.30
157 $81,085.30 $325.19 $0.00 $458.47 $81,868.96
158 $81,868.96 $325.19 $0.00 $462.90 $82,657.05
159 $82,657.05 $325.19 $0.00 $467.35 $83,449.59
160 $83,449.59 $325.19 $0.00 $471.84 $84,246.62
161 $84,246.62 $325.19 $0.00 $476.34 $85,048.15
162 $85,048.15 $325.19 $0.00 $480.87 $85,854.21
163 $85,854.21 $325.19 $0.00 $485.43 $86,664.83
164 $86,664.83 $325.19 $0.00 $490.02 $87,480.04
165 $87,480.04 $325.19 $0.00 $494.62 $88,299.85
166 $88,299.85 $325.19 $0.00 $499.26 $89,124.30
167 $89,124.30 $325.19 $0.00 $503.92 $89,953.41
168 $89,953.41 $325.19 $0.00 $508.61 $90,787.21
169 $90,787.21 $325.19 $0.00 $513.32 $91,625.72
170 $91,625.72 $325.19 $0.00 $518.07 $92,468.98
171 $92,468.98 $325.19 $0.00 $522.83 $93,317.00
172 $93,317.00 $325.19 $0.00 $527.63 $94,169.82
173 $94,169.82 $325.19 $0.00 $532.45 $95,027.46
174 $95,027.46 $325.19 $0.00 $537.30 $95,889.95
175 $95,889.95 $325.19 $0.00 $542.18 $96,757.32
176 $96,757.32 $325.19 $0.00 $547.08 $97,629.59
177 $97,629.59 $325.19 $0.00 $552.01 $98,506.79
178 $98,506.79 $325.19 $0.00 $556.97 $99,388.95
179 $99,388.95 $325.19 $0.00 $561.96 $100,276.10
180 $100,276.10 $325.19 $0.00 $566.98 $101,168.27
181 $101,168.27 $325.19 $0.00 $572.02 $102,065.48
182 $102,065.48 $325.19 $0.00 $577.09 $102,967.76
183 $102,967.76 $325.19 $0.00 $582.19 $103,875.14
184 $103,875.14 $325.19 $0.00 $587.33 $104,787.66
185 $104,787.66 $325.19 $0.00 $592.48 $105,705.33
186 $105,705.33 $325.19 $0.00 $597.67 $106,628.19
187 $106,628.19 $325.19 $0.00 $602.89 $107,556.27
188 $107,556.27 $325.19 $0.00 $608.14 $108,489.60
189 $108,489.60 $325.19 $0.00 $613.42 $109,428.21
190 $109,428.21 $325.19 $0.00 $618.72 $110,372.12
191 $110,372.12 $325.19 $0.00 $624.06 $111,321.37
192 $111,321.37 $325.19 $0.00 $629.43 $112,275.99
193 $112,275.99 $325.19 $0.00 $634.82 $113,236.00
194 $113,236.00 $325.19 $0.00 $640.25 $114,201.44
195 $114,201.44 $325.19 $0.00 $645.71 $115,172.34
196 $115,172.34 $325.19 $0.00 $651.20 $116,148.73
197 $116,148.73 $325.19 $0.00 $656.72 $117,130.64
198 $117,130.64 $325.19 $0.00 $662.27 $118,118.10
199 $118,118.10 $325.19 $0.00 $667.86 $119,111.15
200 $119,111.15 $325.19 $0.00 $673.47 $120,109.81
201 $120,109.81 $325.19 $0.00 $679.12 $121,114.12
202 $121,114.12 $325.19 $0.00 $684.80 $122,124.11
203 $122,124.11 $325.19 $0.00 $690.51 $123,139.81
204 $123,139.81 $325.19 $0.00 $696.25 $124,161.25
205 $124,161.25 $325.19 $0.00 $702.03 $125,188.47
206 $125,188.47 $325.19 $0.00 $707.83 $126,221.49
207 $126,221.49 $325.19 $0.00 $713.67 $127,260.35
208 $127,260.35 $325.19 $0.00 $719.55 $128,305.09
209 $128,305.09 $325.19 $0.00 $725.46 $129,355.74
210 $129,355.74 $325.19 $0.00 $731.40 $130,412.33
211 $130,412.33 $325.19 $0.00 $737.37 $131,474.89
212 $131,474.89 $325.19 $0.00 $743.38 $132,543.46
213 $132,543.46 $325.19 $0.00 $749.42 $133,618.07
214 $133,618.07 $325.19 $0.00 $755.50 $134,698.76
215 $134,698.76 $325.19 $0.00 $761.61 $135,785.56
216 $135,785.56 $325.19 $0.00 $767.75 $136,878.50
217 $136,878.50 $325.19 $38,125.66 $773.93 $99,851.96
218 $99,851.96 $325.19 $0.00 $564.58 $100,741.73
219 $100,741.73 $325.19 $0.00 $569.61 $101,636.53
220 $101,636.53 $325.19 $0.00 $574.67 $102,536.39
221 $102,536.39 $325.19 $0.00 $579.76 $103,441.34
222 $103,441.34 $325.19 $0.00 $584.87 $104,351.40
223 $104,351.40 $325.19 $0.00 $590.02 $105,266.61
224 $105,266.61 $325.19 $0.00 $595.19 $106,186.99
225 $106,186.99 $325.19 $0.00 $600.40 $107,112.58
226 $107,112.58 $325.19 $0.00 $605.63 $108,043.40
227 $108,043.40 $325.19 $0.00 $610.89 $108,979.48
228 $108,979.48 $325.19 $0.00 $616.19 $109,920.86
229 $109,920.86 $325.19 $40,031.94 $621.51 $70,835.62
230 $70,835.62 $325.19 $0.00 $400.51 $71,561.32
231 $71,561.32 $325.19 $0.00 $404.62 $72,291.13
232 $72,291.13 $325.19 $0.00 $408.74 $73,025.06
233 $73,025.06 $325.19 $0.00 $412.89 $73,763.14
234 $73,763.14 $325.19 $0.00 $417.07 $74,505.40
235 $74,505.40 $325.19 $0.00 $421.26 $75,251.85
236 $75,251.85 $325.19 $0.00 $425.48 $76,002.52
237 $76,002.52 $325.19 $0.00 $429.73 $76,757.44
238 $76,757.44 $325.19 $0.00 $434.00 $77,516.63
239 $77,516.63 $325.19 $0.00 $438.29 $78,280.11
240 $78,280.11 $325.19 $0.00 $442.61 $79,047.91
241 $79,047.91 $325.19 $42,033.54 $446.95 $37,786.51
242 $37,786.51 $325.19 $0.00 $213.65 $38,325.35
243 $38,325.35 $325.19 $0.00 $216.70 $38,867.24
244 $38,867.24 $325.19 $0.00 $219.76 $39,412.19
245 $39,412.19 $325.19 $0.00 $222.84 $39,960.22
246 $39,960.22 $325.19 $0.00 $225.94 $40,511.35
247 $40,511.35 $325.19 $0.00 $229.06 $41,065.60
248 $41,065.60 $325.19 $0.00 $232.19 $41,622.98
249 $41,622.98 $325.19 $0.00 $235.34 $42,183.51
250 $42,183.51 $325.19 $0.00 $238.51 $42,747.21
251 $42,747.21 $325.19 $0.00 $241.70 $43,314.10
252 $43,314.10 $325.19 $0.00 $244.90 $43,884.19
253 $43,884.19 $0.00 $44,135.22 $248.13 ($2.90)