Savings Plan and Future Cost Estimation for Florida Keys Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$55,059
Monthly savings required$245

How much will it cost to send your child to Florida Keys Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $110,117.27 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $244.70 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$22,320.00
Years until enrollment18
Annual Tuition Increase5%
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 $244.70 $0.00 $0.00 $244.70
2 $244.70 $244.70 $0.00 $1.38 $490.78
3 $490.78 $244.70 $0.00 $2.77 $738.25
4 $738.25 $244.70 $0.00 $4.17 $987.12
5 $987.12 $244.70 $0.00 $5.58 $1,237.40
6 $1,237.40 $244.70 $0.00 $7.00 $1,489.10
7 $1,489.10 $244.70 $0.00 $8.42 $1,742.22
8 $1,742.22 $244.70 $0.00 $9.85 $1,996.77
9 $1,996.77 $244.70 $0.00 $11.29 $2,252.76
10 $2,252.76 $244.70 $0.00 $12.74 $2,510.20
11 $2,510.20 $244.70 $0.00 $14.19 $2,769.09
12 $2,769.09 $244.70 $0.00 $15.66 $3,029.45
13 $3,029.45 $244.70 $0.00 $17.13 $3,291.28
14 $3,291.28 $244.70 $0.00 $18.61 $3,554.59
15 $3,554.59 $244.70 $0.00 $20.10 $3,819.39
16 $3,819.39 $244.70 $0.00 $21.60 $4,085.69
17 $4,085.69 $244.70 $0.00 $23.10 $4,353.49
18 $4,353.49 $244.70 $0.00 $24.62 $4,622.81
19 $4,622.81 $244.70 $0.00 $26.14 $4,893.65
20 $4,893.65 $244.70 $0.00 $27.67 $5,166.02
21 $5,166.02 $244.70 $0.00 $29.21 $5,439.93
22 $5,439.93 $244.70 $0.00 $30.76 $5,715.39
23 $5,715.39 $244.70 $0.00 $32.32 $5,992.41
24 $5,992.41 $244.70 $0.00 $33.88 $6,270.99
25 $6,270.99 $244.70 $0.00 $35.46 $6,551.15
26 $6,551.15 $244.70 $0.00 $37.04 $6,832.89
27 $6,832.89 $244.70 $0.00 $38.63 $7,116.22
28 $7,116.22 $244.70 $0.00 $40.24 $7,401.16
29 $7,401.16 $244.70 $0.00 $41.85 $7,687.71
30 $7,687.71 $244.70 $0.00 $43.47 $7,975.88
31 $7,975.88 $244.70 $0.00 $45.10 $8,265.68
32 $8,265.68 $244.70 $0.00 $46.74 $8,557.12
33 $8,557.12 $244.70 $0.00 $48.38 $8,850.20
34 $8,850.20 $244.70 $0.00 $50.04 $9,144.94
35 $9,144.94 $244.70 $0.00 $51.71 $9,441.35
36 $9,441.35 $244.70 $0.00 $53.38 $9,739.43
37 $9,739.43 $244.70 $0.00 $55.07 $10,039.20
38 $10,039.20 $244.70 $0.00 $56.76 $10,340.66
39 $10,340.66 $244.70 $0.00 $58.47 $10,643.83
40 $10,643.83 $244.70 $0.00 $60.18 $10,948.71
41 $10,948.71 $244.70 $0.00 $61.91 $11,255.32
42 $11,255.32 $244.70 $0.00 $63.64 $11,563.66
43 $11,563.66 $244.70 $0.00 $65.38 $11,873.74
44 $11,873.74 $244.70 $0.00 $67.14 $12,185.58
45 $12,185.58 $244.70 $0.00 $68.90 $12,499.18
46 $12,499.18 $244.70 $0.00 $70.67 $12,814.55
47 $12,814.55 $244.70 $0.00 $72.46 $13,131.71
48 $13,131.71 $244.70 $0.00 $74.25 $13,450.66
49 $13,450.66 $244.70 $0.00 $76.05 $13,771.41
50 $13,771.41 $244.70 $0.00 $77.87 $14,093.98
51 $14,093.98 $244.70 $0.00 $79.69 $14,418.37
52 $14,418.37 $244.70 $0.00 $81.52 $14,744.59
53 $14,744.59 $244.70 $0.00 $83.37 $15,072.66
54 $15,072.66 $244.70 $0.00 $85.22 $15,402.58
55 $15,402.58 $244.70 $0.00 $87.09 $15,734.37
56 $15,734.37 $244.70 $0.00 $88.96 $16,068.03
57 $16,068.03 $244.70 $0.00 $90.85 $16,403.58
58 $16,403.58 $244.70 $0.00 $92.75 $16,741.03
59 $16,741.03 $244.70 $0.00 $94.66 $17,080.39
60 $17,080.39 $244.70 $0.00 $96.58 $17,421.67
61 $17,421.67 $244.70 $0.00 $98.50 $17,764.87
62 $17,764.87 $244.70 $0.00 $100.45 $18,110.02
63 $18,110.02 $244.70 $0.00 $102.40 $18,457.12
64 $18,457.12 $244.70 $0.00 $104.36 $18,806.18
65 $18,806.18 $244.70 $0.00 $106.33 $19,157.21
66 $19,157.21 $244.70 $0.00 $108.32 $19,510.23
67 $19,510.23 $244.70 $0.00 $110.31 $19,865.24
68 $19,865.24 $244.70 $0.00 $112.32 $20,222.26
69 $20,222.26 $244.70 $0.00 $114.34 $20,581.30
70 $20,581.30 $244.70 $0.00 $116.37 $20,942.37
71 $20,942.37 $244.70 $0.00 $118.41 $21,305.48
72 $21,305.48 $244.70 $0.00 $120.46 $21,670.64
73 $21,670.64 $244.70 $0.00 $122.53 $22,037.87
74 $22,037.87 $244.70 $0.00 $124.61 $22,407.18
75 $22,407.18 $244.70 $0.00 $126.69 $22,778.57
76 $22,778.57 $244.70 $0.00 $128.79 $23,152.06
77 $23,152.06 $244.70 $0.00 $130.91 $23,527.67
78 $23,527.67 $244.70 $0.00 $133.03 $23,905.40
79 $23,905.40 $244.70 $0.00 $135.16 $24,285.26
80 $24,285.26 $244.70 $0.00 $137.31 $24,667.27
81 $24,667.27 $244.70 $0.00 $139.47 $25,051.44
82 $25,051.44 $244.70 $0.00 $141.64 $25,437.78
83 $25,437.78 $244.70 $0.00 $143.83 $25,826.31
84 $25,826.31 $244.70 $0.00 $146.03 $26,217.04
85 $26,217.04 $244.70 $0.00 $148.23 $26,609.97
86 $26,609.97 $244.70 $0.00 $150.46 $27,005.13
87 $27,005.13 $244.70 $0.00 $152.69 $27,402.52
88 $27,402.52 $244.70 $0.00 $154.94 $27,802.16
89 $27,802.16 $244.70 $0.00 $157.20 $28,204.06
90 $28,204.06 $244.70 $0.00 $159.47 $28,608.23
91 $28,608.23 $244.70 $0.00 $161.76 $29,014.69
92 $29,014.69 $244.70 $0.00 $164.05 $29,423.44
93 $29,423.44 $244.70 $0.00 $166.36 $29,834.50
94 $29,834.50 $244.70 $0.00 $168.69 $30,247.89
95 $30,247.89 $244.70 $0.00 $171.03 $30,663.62
96 $30,663.62 $244.70 $0.00 $173.38 $31,081.70
97 $31,081.70 $244.70 $0.00 $175.74 $31,502.14
98 $31,502.14 $244.70 $0.00 $178.12 $31,924.96
99 $31,924.96 $244.70 $0.00 $180.51 $32,350.17
100 $32,350.17 $244.70 $0.00 $182.91 $32,777.78
101 $32,777.78 $244.70 $0.00 $185.33 $33,207.81
102 $33,207.81 $244.70 $0.00 $187.76 $33,640.27
103 $33,640.27 $244.70 $0.00 $190.21 $34,075.18
104 $34,075.18 $244.70 $0.00 $192.67 $34,512.55
105 $34,512.55 $244.70 $0.00 $195.14 $34,952.39
106 $34,952.39 $244.70 $0.00 $197.63 $35,394.72
107 $35,394.72 $244.70 $0.00 $200.13 $35,839.55
108 $35,839.55 $244.70 $0.00 $202.64 $36,286.89
109 $36,286.89 $244.70 $0.00 $205.17 $36,736.76
110 $36,736.76 $244.70 $0.00 $207.71 $37,189.17
111 $37,189.17 $244.70 $0.00 $210.27 $37,644.14
112 $37,644.14 $244.70 $0.00 $212.85 $38,101.69
113 $38,101.69 $244.70 $0.00 $215.43 $38,561.82
114 $38,561.82 $244.70 $0.00 $218.03 $39,024.55
115 $39,024.55 $244.70 $0.00 $220.65 $39,489.90
116 $39,489.90 $244.70 $0.00 $223.28 $39,957.88
117 $39,957.88 $244.70 $0.00 $225.93 $40,428.51
118 $40,428.51 $244.70 $0.00 $228.59 $40,901.80
119 $40,901.80 $244.70 $0.00 $231.26 $41,377.76
120 $41,377.76 $244.70 $0.00 $233.96 $41,856.42
121 $41,856.42 $244.70 $0.00 $236.66 $42,337.78
122 $42,337.78 $244.70 $0.00 $239.38 $42,821.86
123 $42,821.86 $244.70 $0.00 $242.12 $43,308.68
124 $43,308.68 $244.70 $0.00 $244.87 $43,798.25
125 $43,798.25 $244.70 $0.00 $247.64 $44,290.59
126 $44,290.59 $244.70 $0.00 $250.43 $44,785.72
127 $44,785.72 $244.70 $0.00 $253.22 $45,283.64
128 $45,283.64 $244.70 $0.00 $256.04 $45,784.38
129 $45,784.38 $244.70 $0.00 $258.87 $46,287.95
130 $46,287.95 $244.70 $0.00 $261.72 $46,794.37
131 $46,794.37 $244.70 $0.00 $264.58 $47,303.65
132 $47,303.65 $244.70 $0.00 $267.46 $47,815.81
133 $47,815.81 $244.70 $0.00 $270.36 $48,330.87
134 $48,330.87 $244.70 $0.00 $273.27 $48,848.84
135 $48,848.84 $244.70 $0.00 $276.20 $49,369.74
136 $49,369.74 $244.70 $0.00 $279.14 $49,893.58
137 $49,893.58 $244.70 $0.00 $282.11 $50,420.39
138 $50,420.39 $244.70 $0.00 $285.08 $50,950.17
139 $50,950.17 $244.70 $0.00 $288.08 $51,482.95
140 $51,482.95 $244.70 $0.00 $291.09 $52,018.74
141 $52,018.74 $244.70 $0.00 $294.12 $52,557.56
142 $52,557.56 $244.70 $0.00 $297.17 $53,099.43
143 $53,099.43 $244.70 $0.00 $300.23 $53,644.36
144 $53,644.36 $244.70 $0.00 $303.31 $54,192.37
145 $54,192.37 $244.70 $0.00 $306.41 $54,743.48
146 $54,743.48 $244.70 $0.00 $309.53 $55,297.71
147 $55,297.71 $244.70 $0.00 $312.66 $55,855.07
148 $55,855.07 $244.70 $0.00 $315.81 $56,415.58
149 $56,415.58 $244.70 $0.00 $318.98 $56,979.26
150 $56,979.26 $244.70 $0.00 $322.17 $57,546.13
151 $57,546.13 $244.70 $0.00 $325.37 $58,116.20
152 $58,116.20 $244.70 $0.00 $328.60 $58,689.50
153 $58,689.50 $244.70 $0.00 $331.84 $59,266.04
154 $59,266.04 $244.70 $0.00 $335.10 $59,845.84
155 $59,845.84 $244.70 $0.00 $338.38 $60,428.92
156 $60,428.92 $244.70 $0.00 $341.67 $61,015.29
157 $61,015.29 $244.70 $0.00 $344.99 $61,604.98
158 $61,604.98 $244.70 $0.00 $348.32 $62,198.00
159 $62,198.00 $244.70 $0.00 $351.68 $62,794.38
160 $62,794.38 $244.70 $0.00 $355.05 $63,394.13
161 $63,394.13 $244.70 $0.00 $358.44 $63,997.27
162 $63,997.27 $244.70 $0.00 $361.85 $64,603.82
163 $64,603.82 $244.70 $0.00 $365.28 $65,213.80
164 $65,213.80 $244.70 $0.00 $368.73 $65,827.23
165 $65,827.23 $244.70 $0.00 $372.20 $66,444.13
166 $66,444.13 $244.70 $0.00 $375.68 $67,064.51
167 $67,064.51 $244.70 $0.00 $379.19 $67,688.40
168 $67,688.40 $244.70 $0.00 $382.72 $68,315.82
169 $68,315.82 $244.70 $0.00 $386.27 $68,946.79
170 $68,946.79 $244.70 $0.00 $389.84 $69,581.33
171 $69,581.33 $244.70 $0.00 $393.42 $70,219.45
172 $70,219.45 $244.70 $0.00 $397.03 $70,861.18
173 $70,861.18 $244.70 $0.00 $400.66 $71,506.54
174 $71,506.54 $244.70 $0.00 $404.31 $72,155.55
175 $72,155.55 $244.70 $0.00 $407.98 $72,808.23
176 $72,808.23 $244.70 $0.00 $411.67 $73,464.60
177 $73,464.60 $244.70 $0.00 $415.38 $74,124.68
178 $74,124.68 $244.70 $0.00 $419.11 $74,788.49
179 $74,788.49 $244.70 $0.00 $422.86 $75,456.05
180 $75,456.05 $244.70 $0.00 $426.64 $76,127.39
181 $76,127.39 $244.70 $0.00 $430.44 $76,802.53
182 $76,802.53 $244.70 $0.00 $434.25 $77,481.48
183 $77,481.48 $244.70 $0.00 $438.09 $78,164.27
184 $78,164.27 $244.70 $0.00 $441.95 $78,850.92
185 $78,850.92 $244.70 $0.00 $445.83 $79,541.45
186 $79,541.45 $244.70 $0.00 $449.74 $80,235.89
187 $80,235.89 $244.70 $0.00 $453.67 $80,934.26
188 $80,934.26 $244.70 $0.00 $457.61 $81,636.57
189 $81,636.57 $244.70 $0.00 $461.59 $82,342.86
190 $82,342.86 $244.70 $0.00 $465.58 $83,053.14
191 $83,053.14 $244.70 $0.00 $469.59 $83,767.43
192 $83,767.43 $244.70 $0.00 $473.63 $84,485.76
193 $84,485.76 $244.70 $0.00 $477.69 $85,208.15
194 $85,208.15 $244.70 $0.00 $481.78 $85,934.63
195 $85,934.63 $244.70 $0.00 $485.89 $86,665.22
196 $86,665.22 $244.70 $0.00 $490.02 $87,399.94
197 $87,399.94 $244.70 $0.00 $494.17 $88,138.81
198 $88,138.81 $244.70 $0.00 $498.35 $88,881.86
199 $88,881.86 $244.70 $0.00 $502.55 $89,629.11
200 $89,629.11 $244.70 $0.00 $506.78 $90,380.59
201 $90,380.59 $244.70 $0.00 $511.02 $91,136.31
202 $91,136.31 $244.70 $0.00 $515.30 $91,896.31
203 $91,896.31 $244.70 $0.00 $519.60 $92,660.61
204 $92,660.61 $244.70 $0.00 $523.92 $93,429.23
205 $93,429.23 $244.70 $0.00 $528.26 $94,202.19
206 $94,202.19 $244.70 $0.00 $532.63 $94,979.52
207 $94,979.52 $244.70 $0.00 $537.03 $95,761.25
208 $95,761.25 $244.70 $0.00 $541.45 $96,547.40
209 $96,547.40 $244.70 $0.00 $545.89 $97,337.99
210 $97,337.99 $244.70 $0.00 $550.36 $98,133.05
211 $98,133.05 $244.70 $0.00 $554.86 $98,932.61
212 $98,932.61 $244.70 $0.00 $559.38 $99,736.69
213 $99,736.69 $244.70 $0.00 $563.93 $100,545.32
214 $100,545.32 $244.70 $0.00 $568.50 $101,358.52
215 $101,358.52 $244.70 $0.00 $573.10 $102,176.32
216 $102,176.32 $244.70 $0.00 $577.72 $102,998.74
217 $102,998.74 $244.70 $53,715.74 $582.37 $50,110.07
218 $50,110.07 $244.70 $0.00 $283.33 $50,638.10
219 $50,638.10 $244.70 $0.00 $286.32 $51,169.12
220 $51,169.12 $244.70 $0.00 $289.32 $51,703.14
221 $51,703.14 $244.70 $0.00 $292.34 $52,240.18
222 $52,240.18 $244.70 $0.00 $295.37 $52,780.25
223 $52,780.25 $244.70 $0.00 $298.43 $53,323.38
224 $53,323.38 $244.70 $0.00 $301.50 $53,869.58
225 $53,869.58 $244.70 $0.00 $304.59 $54,418.87
226 $54,418.87 $244.70 $0.00 $307.69 $54,971.26
227 $54,971.26 $244.70 $0.00 $310.82 $55,526.78
228 $55,526.78 $244.70 $0.00 $313.96 $56,085.44
229 $56,085.44 $0.00 $56,401.53 $317.12 $1.03