Savings Plan and Future Cost Estimation for Florida Gulf Coast University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$53,135
Monthly savings required$421

How much will it cost to send your child to Florida Gulf Coast University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $212,539.28 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $420.61 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$20,490.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $420.61 $0.00 $0.00 $420.61
2 $420.61 $420.61 $0.00 $2.38 $843.60
3 $843.60 $420.61 $0.00 $4.77 $1,268.98
4 $1,268.98 $420.61 $0.00 $7.17 $1,696.76
5 $1,696.76 $420.61 $0.00 $9.59 $2,126.96
6 $2,126.96 $420.61 $0.00 $12.03 $2,559.60
7 $2,559.60 $420.61 $0.00 $14.47 $2,994.68
8 $2,994.68 $420.61 $0.00 $16.93 $3,432.22
9 $3,432.22 $420.61 $0.00 $19.41 $3,872.24
10 $3,872.24 $420.61 $0.00 $21.89 $4,314.74
11 $4,314.74 $420.61 $0.00 $24.40 $4,759.75
12 $4,759.75 $420.61 $0.00 $26.91 $5,207.27
13 $5,207.27 $420.61 $0.00 $29.44 $5,657.32
14 $5,657.32 $420.61 $0.00 $31.99 $6,109.92
15 $6,109.92 $420.61 $0.00 $34.55 $6,565.08
16 $6,565.08 $420.61 $0.00 $37.12 $7,022.81
17 $7,022.81 $420.61 $0.00 $39.71 $7,483.13
18 $7,483.13 $420.61 $0.00 $42.31 $7,946.05
19 $7,946.05 $420.61 $0.00 $44.93 $8,411.59
20 $8,411.59 $420.61 $0.00 $47.56 $8,879.76
21 $8,879.76 $420.61 $0.00 $50.21 $9,350.58
22 $9,350.58 $420.61 $0.00 $52.87 $9,824.06
23 $9,824.06 $420.61 $0.00 $55.55 $10,300.22
24 $10,300.22 $420.61 $0.00 $58.24 $10,779.07
25 $10,779.07 $420.61 $0.00 $60.95 $11,260.63
26 $11,260.63 $420.61 $0.00 $63.67 $11,744.91
27 $11,744.91 $420.61 $0.00 $66.41 $12,231.93
28 $12,231.93 $420.61 $0.00 $69.16 $12,721.70
29 $12,721.70 $420.61 $0.00 $71.93 $13,214.24
30 $13,214.24 $420.61 $0.00 $74.72 $13,709.57
31 $13,709.57 $420.61 $0.00 $77.52 $14,207.70
32 $14,207.70 $420.61 $0.00 $80.33 $14,708.64
33 $14,708.64 $420.61 $0.00 $83.16 $15,212.41
34 $15,212.41 $420.61 $0.00 $86.01 $15,719.03
35 $15,719.03 $420.61 $0.00 $88.88 $16,228.52
36 $16,228.52 $420.61 $0.00 $91.76 $16,740.89
37 $16,740.89 $420.61 $0.00 $94.66 $17,256.16
38 $17,256.16 $420.61 $0.00 $97.57 $17,774.34
39 $17,774.34 $420.61 $0.00 $100.50 $18,295.45
40 $18,295.45 $420.61 $0.00 $103.45 $18,819.51
41 $18,819.51 $420.61 $0.00 $106.41 $19,346.53
42 $19,346.53 $420.61 $0.00 $109.39 $19,876.53
43 $19,876.53 $420.61 $0.00 $112.38 $20,409.52
44 $20,409.52 $420.61 $0.00 $115.40 $20,945.53
45 $20,945.53 $420.61 $0.00 $118.43 $21,484.57
46 $21,484.57 $420.61 $0.00 $121.48 $22,026.66
47 $22,026.66 $420.61 $0.00 $124.54 $22,571.81
48 $22,571.81 $420.61 $0.00 $127.62 $23,120.04
49 $23,120.04 $420.61 $0.00 $130.72 $23,671.37
50 $23,671.37 $420.61 $0.00 $133.84 $24,225.82
51 $24,225.82 $420.61 $0.00 $136.98 $24,783.41
52 $24,783.41 $420.61 $0.00 $140.13 $25,344.15
53 $25,344.15 $420.61 $0.00 $143.30 $25,908.06
54 $25,908.06 $420.61 $0.00 $146.49 $26,475.16
55 $26,475.16 $420.61 $0.00 $149.69 $27,045.46
56 $27,045.46 $420.61 $0.00 $152.92 $27,618.99
57 $27,618.99 $420.61 $0.00 $156.16 $28,195.76
58 $28,195.76 $420.61 $0.00 $159.42 $28,775.79
59 $28,775.79 $420.61 $0.00 $162.70 $29,359.10
60 $29,359.10 $420.61 $0.00 $166.00 $29,945.71
61 $29,945.71 $420.61 $0.00 $169.32 $30,535.64
62 $30,535.64 $420.61 $0.00 $172.65 $31,128.90
63 $31,128.90 $420.61 $0.00 $176.01 $31,725.52
64 $31,725.52 $420.61 $0.00 $179.38 $32,325.51
65 $32,325.51 $420.61 $0.00 $182.77 $32,928.89
66 $32,928.89 $420.61 $0.00 $186.18 $33,535.68
67 $33,535.68 $420.61 $0.00 $189.62 $34,145.91
68 $34,145.91 $420.61 $0.00 $193.07 $34,759.59
69 $34,759.59 $420.61 $0.00 $196.54 $35,376.74
70 $35,376.74 $420.61 $0.00 $200.03 $35,997.38
71 $35,997.38 $420.61 $0.00 $203.53 $36,621.52
72 $36,621.52 $420.61 $0.00 $207.06 $37,249.19
73 $37,249.19 $420.61 $0.00 $210.61 $37,880.41
74 $37,880.41 $420.61 $0.00 $214.18 $38,515.20
75 $38,515.20 $420.61 $0.00 $217.77 $39,153.58
76 $39,153.58 $420.61 $0.00 $221.38 $39,795.57
77 $39,795.57 $420.61 $0.00 $225.01 $40,441.19
78 $40,441.19 $420.61 $0.00 $228.66 $41,090.46
79 $41,090.46 $420.61 $0.00 $232.33 $41,743.40
80 $41,743.40 $420.61 $0.00 $236.02 $42,400.03
81 $42,400.03 $420.61 $0.00 $239.74 $43,060.38
82 $43,060.38 $420.61 $0.00 $243.47 $43,724.46
83 $43,724.46 $420.61 $0.00 $247.22 $44,392.29
84 $44,392.29 $420.61 $0.00 $251.00 $45,063.90
85 $45,063.90 $420.61 $0.00 $254.80 $45,739.31
86 $45,739.31 $420.61 $0.00 $258.62 $46,418.54
87 $46,418.54 $420.61 $0.00 $262.46 $47,101.61
88 $47,101.61 $420.61 $0.00 $266.32 $47,788.54
89 $47,788.54 $420.61 $0.00 $270.20 $48,479.35
90 $48,479.35 $420.61 $0.00 $274.11 $49,174.07
91 $49,174.07 $420.61 $0.00 $278.04 $49,872.72
92 $49,872.72 $420.61 $0.00 $281.99 $50,575.32
93 $50,575.32 $420.61 $0.00 $285.96 $51,281.89
94 $51,281.89 $420.61 $0.00 $289.96 $51,992.46
95 $51,992.46 $420.61 $0.00 $293.97 $52,707.04
96 $52,707.04 $420.61 $0.00 $298.01 $53,425.66
97 $53,425.66 $420.61 $0.00 $302.08 $54,148.35
98 $54,148.35 $420.61 $0.00 $306.16 $54,875.12
99 $54,875.12 $420.61 $0.00 $310.27 $55,606.00
100 $55,606.00 $420.61 $0.00 $314.40 $56,341.01
101 $56,341.01 $420.61 $0.00 $318.56 $57,080.18
102 $57,080.18 $420.61 $0.00 $322.74 $57,823.53
103 $57,823.53 $420.61 $0.00 $326.94 $58,571.08
104 $58,571.08 $420.61 $0.00 $331.17 $59,322.86
105 $59,322.86 $420.61 $0.00 $335.42 $60,078.89
106 $60,078.89 $420.61 $0.00 $339.69 $60,839.19
107 $60,839.19 $420.61 $0.00 $343.99 $61,603.79
108 $61,603.79 $420.61 $0.00 $348.32 $62,372.72
109 $62,372.72 $420.61 $0.00 $352.66 $63,145.99
110 $63,145.99 $420.61 $0.00 $357.04 $63,923.64
111 $63,923.64 $420.61 $0.00 $361.43 $64,705.68
112 $64,705.68 $420.61 $0.00 $365.86 $65,492.15
113 $65,492.15 $420.61 $0.00 $370.30 $66,283.06
114 $66,283.06 $420.61 $0.00 $374.77 $67,078.44
115 $67,078.44 $420.61 $0.00 $379.27 $67,878.32
116 $67,878.32 $420.61 $0.00 $383.79 $68,682.72
117 $68,682.72 $420.61 $0.00 $388.34 $69,491.67
118 $69,491.67 $420.61 $0.00 $392.92 $70,305.20
119 $70,305.20 $420.61 $0.00 $397.52 $71,123.33
120 $71,123.33 $420.61 $0.00 $402.14 $71,946.08
121 $71,946.08 $420.61 $0.00 $406.79 $72,773.48
122 $72,773.48 $420.61 $0.00 $411.47 $73,605.56
123 $73,605.56 $420.61 $0.00 $416.18 $74,442.35
124 $74,442.35 $420.61 $0.00 $420.91 $75,283.87
125 $75,283.87 $420.61 $0.00 $425.67 $76,130.15
126 $76,130.15 $420.61 $0.00 $430.45 $76,981.21
127 $76,981.21 $420.61 $0.00 $435.26 $77,837.08
128 $77,837.08 $420.61 $0.00 $440.10 $78,697.79
129 $78,697.79 $420.61 $0.00 $444.97 $79,563.37
130 $79,563.37 $420.61 $0.00 $449.86 $80,433.84
131 $80,433.84 $420.61 $0.00 $454.78 $81,309.23
132 $81,309.23 $420.61 $0.00 $459.73 $82,189.57
133 $82,189.57 $420.61 $0.00 $464.71 $83,074.89
134 $83,074.89 $420.61 $0.00 $469.72 $83,965.22
135 $83,965.22 $420.61 $0.00 $474.75 $84,860.58
136 $84,860.58 $420.61 $0.00 $479.81 $85,761.00
137 $85,761.00 $420.61 $0.00 $484.91 $86,666.52
138 $86,666.52 $420.61 $0.00 $490.03 $87,577.16
139 $87,577.16 $420.61 $0.00 $495.17 $88,492.94
140 $88,492.94 $420.61 $0.00 $500.35 $89,413.90
141 $89,413.90 $420.61 $0.00 $505.56 $90,340.07
142 $90,340.07 $420.61 $0.00 $510.80 $91,271.48
143 $91,271.48 $420.61 $0.00 $516.06 $92,208.15
144 $92,208.15 $420.61 $0.00 $521.36 $93,150.12
145 $93,150.12 $420.61 $0.00 $526.68 $94,097.41
146 $94,097.41 $420.61 $0.00 $532.04 $95,050.06
147 $95,050.06 $420.61 $0.00 $537.43 $96,008.10
148 $96,008.10 $420.61 $0.00 $542.84 $96,971.55
149 $96,971.55 $420.61 $0.00 $548.29 $97,940.45
150 $97,940.45 $420.61 $0.00 $553.77 $98,914.83
151 $98,914.83 $420.61 $0.00 $559.28 $99,894.72
152 $99,894.72 $420.61 $0.00 $564.82 $100,880.15
153 $100,880.15 $420.61 $0.00 $570.39 $101,871.15
154 $101,871.15 $420.61 $0.00 $575.99 $102,867.75
155 $102,867.75 $420.61 $0.00 $581.63 $103,869.99
156 $103,869.99 $420.61 $0.00 $587.30 $104,877.90
157 $104,877.90 $420.61 $0.00 $592.99 $105,891.50
158 $105,891.50 $420.61 $0.00 $598.73 $106,910.84
159 $106,910.84 $420.61 $0.00 $604.49 $107,935.94
160 $107,935.94 $420.61 $0.00 $610.29 $108,966.84
161 $108,966.84 $420.61 $0.00 $616.11 $110,003.56
162 $110,003.56 $420.61 $0.00 $621.98 $111,046.15
163 $111,046.15 $420.61 $0.00 $627.87 $112,094.63
164 $112,094.63 $420.61 $0.00 $633.80 $113,149.04
165 $113,149.04 $420.61 $0.00 $639.76 $114,209.41
166 $114,209.41 $420.61 $0.00 $645.76 $115,275.78
167 $115,275.78 $420.61 $0.00 $651.79 $116,348.18
168 $116,348.18 $420.61 $0.00 $657.85 $117,426.64
169 $117,426.64 $420.61 $0.00 $663.95 $118,511.20
170 $118,511.20 $420.61 $0.00 $670.08 $119,601.89
171 $119,601.89 $420.61 $0.00 $676.25 $120,698.75
172 $120,698.75 $420.61 $0.00 $682.45 $121,801.81
173 $121,801.81 $420.61 $0.00 $688.69 $122,911.11
174 $122,911.11 $420.61 $0.00 $694.96 $124,026.68
175 $124,026.68 $420.61 $0.00 $701.26 $125,148.55
176 $125,148.55 $420.61 $0.00 $707.61 $126,276.77
177 $126,276.77 $420.61 $0.00 $713.99 $127,411.37
178 $127,411.37 $420.61 $0.00 $720.40 $128,552.38
179 $128,552.38 $420.61 $0.00 $726.85 $129,699.84
180 $129,699.84 $420.61 $0.00 $733.34 $130,853.79
181 $130,853.79 $420.61 $0.00 $739.87 $132,014.27
182 $132,014.27 $420.61 $0.00 $746.43 $133,181.31
183 $133,181.31 $420.61 $0.00 $753.03 $134,354.95
184 $134,354.95 $420.61 $0.00 $759.66 $135,535.22
185 $135,535.22 $420.61 $0.00 $766.34 $136,722.17
186 $136,722.17 $420.61 $0.00 $773.05 $137,915.83
187 $137,915.83 $420.61 $0.00 $779.80 $139,116.24
188 $139,116.24 $420.61 $0.00 $786.58 $140,323.43
189 $140,323.43 $420.61 $0.00 $793.41 $141,537.45
190 $141,537.45 $420.61 $0.00 $800.27 $142,758.33
191 $142,758.33 $420.61 $0.00 $807.18 $143,986.12
192 $143,986.12 $420.61 $0.00 $814.12 $145,220.85
193 $145,220.85 $420.61 $0.00 $821.10 $146,462.56
194 $146,462.56 $420.61 $0.00 $828.12 $147,711.29
195 $147,711.29 $420.61 $0.00 $835.18 $148,967.08
196 $148,967.08 $420.61 $0.00 $842.28 $150,229.97
197 $150,229.97 $420.61 $0.00 $849.42 $151,500.00
198 $151,500.00 $420.61 $0.00 $856.60 $152,777.21
199 $152,777.21 $420.61 $0.00 $863.82 $154,061.64
200 $154,061.64 $420.61 $0.00 $871.09 $155,353.34
201 $155,353.34 $420.61 $0.00 $878.39 $156,652.34
202 $156,652.34 $420.61 $0.00 $885.74 $157,958.69
203 $157,958.69 $420.61 $0.00 $893.12 $159,272.42
204 $159,272.42 $420.61 $0.00 $900.55 $160,593.58
205 $160,593.58 $420.61 $0.00 $908.02 $161,922.21
206 $161,922.21 $420.61 $0.00 $915.53 $163,258.35
207 $163,258.35 $420.61 $0.00 $923.09 $164,602.05
208 $164,602.05 $420.61 $0.00 $930.68 $165,953.34
209 $165,953.34 $420.61 $0.00 $938.32 $167,312.27
210 $167,312.27 $420.61 $0.00 $946.01 $168,678.89
211 $168,678.89 $420.61 $0.00 $953.73 $170,053.23
212 $170,053.23 $420.61 $0.00 $961.51 $171,435.35
213 $171,435.35 $420.61 $0.00 $969.32 $172,825.28
214 $172,825.28 $420.61 $0.00 $977.18 $174,223.07
215 $174,223.07 $420.61 $0.00 $985.08 $175,628.76
216 $175,628.76 $420.61 $0.00 $993.03 $177,042.40
217 $177,042.40 $420.61 $49,311.63 $1,001.02 $129,152.40
218 $129,152.40 $420.61 $0.00 $730.25 $130,303.26
219 $130,303.26 $420.61 $0.00 $736.75 $131,460.62
220 $131,460.62 $420.61 $0.00 $743.30 $132,624.53
221 $132,624.53 $420.61 $0.00 $749.88 $133,795.02
222 $133,795.02 $420.61 $0.00 $756.50 $134,972.13
223 $134,972.13 $420.61 $0.00 $763.15 $136,155.89
224 $136,155.89 $420.61 $0.00 $769.85 $137,346.35
225 $137,346.35 $420.61 $0.00 $776.58 $138,543.54
226 $138,543.54 $420.61 $0.00 $783.35 $139,747.50
227 $139,747.50 $420.61 $0.00 $790.15 $140,958.26
228 $140,958.26 $420.61 $0.00 $797.00 $142,175.87
229 $142,175.87 $420.61 $51,777.21 $803.88 $91,623.15
230 $91,623.15 $420.61 $0.00 $518.05 $92,561.81
231 $92,561.81 $420.61 $0.00 $523.36 $93,505.78
232 $93,505.78 $420.61 $0.00 $528.70 $94,455.09
233 $94,455.09 $420.61 $0.00 $534.06 $95,409.76
234 $95,409.76 $420.61 $0.00 $539.46 $96,369.83
235 $96,369.83 $420.61 $0.00 $544.89 $97,335.33
236 $97,335.33 $420.61 $0.00 $550.35 $98,306.29
237 $98,306.29 $420.61 $0.00 $555.84 $99,282.74
238 $99,282.74 $420.61 $0.00 $561.36 $100,264.71
239 $100,264.71 $420.61 $0.00 $566.91 $101,252.23
240 $101,252.23 $420.61 $0.00 $572.49 $102,245.33
241 $102,245.33 $420.61 $54,366.07 $578.11 $48,877.98
242 $48,877.98 $420.61 $0.00 $276.36 $49,574.95
243 $49,574.95 $420.61 $0.00 $280.30 $50,275.86
244 $50,275.86 $420.61 $0.00 $284.27 $50,980.74
245 $50,980.74 $420.61 $0.00 $288.25 $51,689.60
246 $51,689.60 $420.61 $0.00 $292.26 $52,402.47
247 $52,402.47 $420.61 $0.00 $296.29 $53,119.37
248 $53,119.37 $420.61 $0.00 $300.34 $53,840.32
249 $53,840.32 $420.61 $0.00 $304.42 $54,565.35
250 $54,565.35 $420.61 $0.00 $308.52 $55,294.48
251 $55,294.48 $420.61 $0.00 $312.64 $56,027.73
252 $56,027.73 $420.61 $0.00 $316.79 $56,765.13
253 $56,765.13 $0.00 $57,084.37 $320.96 $1.72