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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$134,899
Monthly savings required$1,068

How much will it cost to send your child to Florida Southern College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $539,594.60 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,067.83 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$52,020.00
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 $1,067.83 $0.00 $0.00 $1,067.83
2 $1,067.83 $1,067.83 $0.00 $6.04 $2,141.70
3 $2,141.70 $1,067.83 $0.00 $12.11 $3,221.64
4 $3,221.64 $1,067.83 $0.00 $18.22 $4,307.69
5 $4,307.69 $1,067.83 $0.00 $24.36 $5,399.88
6 $5,399.88 $1,067.83 $0.00 $30.53 $6,498.24
7 $6,498.24 $1,067.83 $0.00 $36.74 $7,602.81
8 $7,602.81 $1,067.83 $0.00 $42.99 $8,713.63
9 $8,713.63 $1,067.83 $0.00 $49.27 $9,830.73
10 $9,830.73 $1,067.83 $0.00 $55.58 $10,954.14
11 $10,954.14 $1,067.83 $0.00 $61.94 $12,083.91
12 $12,083.91 $1,067.83 $0.00 $68.32 $13,220.06
13 $13,220.06 $1,067.83 $0.00 $74.75 $14,362.64
14 $14,362.64 $1,067.83 $0.00 $81.21 $15,511.68
15 $15,511.68 $1,067.83 $0.00 $87.71 $16,667.22
16 $16,667.22 $1,067.83 $0.00 $94.24 $17,829.29
17 $17,829.29 $1,067.83 $0.00 $100.81 $18,997.93
18 $18,997.93 $1,067.83 $0.00 $107.42 $20,173.18
19 $20,173.18 $1,067.83 $0.00 $114.06 $21,355.07
20 $21,355.07 $1,067.83 $0.00 $120.74 $22,543.64
21 $22,543.64 $1,067.83 $0.00 $127.47 $23,738.94
22 $23,738.94 $1,067.83 $0.00 $134.22 $24,940.99
23 $24,940.99 $1,067.83 $0.00 $141.02 $26,149.84
24 $26,149.84 $1,067.83 $0.00 $147.85 $27,365.52
25 $27,365.52 $1,067.83 $0.00 $154.73 $28,588.08
26 $28,588.08 $1,067.83 $0.00 $161.64 $29,817.55
27 $29,817.55 $1,067.83 $0.00 $168.59 $31,053.97
28 $31,053.97 $1,067.83 $0.00 $175.58 $32,297.38
29 $32,297.38 $1,067.83 $0.00 $182.61 $33,547.82
30 $33,547.82 $1,067.83 $0.00 $189.68 $34,805.33
31 $34,805.33 $1,067.83 $0.00 $196.79 $36,069.95
32 $36,069.95 $1,067.83 $0.00 $203.94 $37,341.72
33 $37,341.72 $1,067.83 $0.00 $211.14 $38,620.69
34 $38,620.69 $1,067.83 $0.00 $218.37 $39,906.89
35 $39,906.89 $1,067.83 $0.00 $225.64 $41,200.36
36 $41,200.36 $1,067.83 $0.00 $232.95 $42,501.14
37 $42,501.14 $1,067.83 $0.00 $240.31 $43,809.28
38 $43,809.28 $1,067.83 $0.00 $247.70 $45,124.81
39 $45,124.81 $1,067.83 $0.00 $255.14 $46,447.78
40 $46,447.78 $1,067.83 $0.00 $262.62 $47,778.23
41 $47,778.23 $1,067.83 $0.00 $270.15 $49,116.21
42 $49,116.21 $1,067.83 $0.00 $277.71 $50,461.75
43 $50,461.75 $1,067.83 $0.00 $285.32 $51,814.90
44 $51,814.90 $1,067.83 $0.00 $292.97 $53,175.70
45 $53,175.70 $1,067.83 $0.00 $300.66 $54,544.19
46 $54,544.19 $1,067.83 $0.00 $308.40 $55,920.42
47 $55,920.42 $1,067.83 $0.00 $316.18 $57,304.43
48 $57,304.43 $1,067.83 $0.00 $324.01 $58,696.27
49 $58,696.27 $1,067.83 $0.00 $331.88 $60,095.98
50 $60,095.98 $1,067.83 $0.00 $339.79 $61,503.60
51 $61,503.60 $1,067.83 $0.00 $347.75 $62,919.18
52 $62,919.18 $1,067.83 $0.00 $355.75 $64,342.76
53 $64,342.76 $1,067.83 $0.00 $363.80 $65,774.39
54 $65,774.39 $1,067.83 $0.00 $371.90 $67,214.12
55 $67,214.12 $1,067.83 $0.00 $380.04 $68,661.99
56 $68,661.99 $1,067.83 $0.00 $388.22 $70,118.04
57 $70,118.04 $1,067.83 $0.00 $396.46 $71,582.33
58 $71,582.33 $1,067.83 $0.00 $404.74 $73,054.90
59 $73,054.90 $1,067.83 $0.00 $413.06 $74,535.79
60 $74,535.79 $1,067.83 $0.00 $421.44 $76,025.06
61 $76,025.06 $1,067.83 $0.00 $429.86 $77,522.75
62 $77,522.75 $1,067.83 $0.00 $438.32 $79,028.90
63 $79,028.90 $1,067.83 $0.00 $446.84 $80,543.57
64 $80,543.57 $1,067.83 $0.00 $455.41 $82,066.81
65 $82,066.81 $1,067.83 $0.00 $464.02 $83,598.66
66 $83,598.66 $1,067.83 $0.00 $472.68 $85,139.17
67 $85,139.17 $1,067.83 $0.00 $481.39 $86,688.39
68 $86,688.39 $1,067.83 $0.00 $490.15 $88,246.37
69 $88,246.37 $1,067.83 $0.00 $498.96 $89,813.16
70 $89,813.16 $1,067.83 $0.00 $507.82 $91,388.81
71 $91,388.81 $1,067.83 $0.00 $516.73 $92,973.37
72 $92,973.37 $1,067.83 $0.00 $525.68 $94,566.88
73 $94,566.88 $1,067.83 $0.00 $534.69 $96,169.40
74 $96,169.40 $1,067.83 $0.00 $543.76 $97,780.99
75 $97,780.99 $1,067.83 $0.00 $552.87 $99,401.69
76 $99,401.69 $1,067.83 $0.00 $562.03 $101,031.55
77 $101,031.55 $1,067.83 $0.00 $571.25 $102,670.63
78 $102,670.63 $1,067.83 $0.00 $580.51 $104,318.97
79 $104,318.97 $1,067.83 $0.00 $589.83 $105,976.63
80 $105,976.63 $1,067.83 $0.00 $599.21 $107,643.67
81 $107,643.67 $1,067.83 $0.00 $608.63 $109,320.13
82 $109,320.13 $1,067.83 $0.00 $618.11 $111,006.07
83 $111,006.07 $1,067.83 $0.00 $627.64 $112,701.54
84 $112,701.54 $1,067.83 $0.00 $637.23 $114,406.60
85 $114,406.60 $1,067.83 $0.00 $646.87 $116,121.30
86 $116,121.30 $1,067.83 $0.00 $656.57 $117,845.70
87 $117,845.70 $1,067.83 $0.00 $666.32 $119,579.85
88 $119,579.85 $1,067.83 $0.00 $676.12 $121,323.80
89 $121,323.80 $1,067.83 $0.00 $685.98 $123,077.61
90 $123,077.61 $1,067.83 $0.00 $695.90 $124,841.34
91 $124,841.34 $1,067.83 $0.00 $705.87 $126,615.04
92 $126,615.04 $1,067.83 $0.00 $715.90 $128,398.77
93 $128,398.77 $1,067.83 $0.00 $725.99 $130,192.59
94 $130,192.59 $1,067.83 $0.00 $736.13 $131,996.55
95 $131,996.55 $1,067.83 $0.00 $746.33 $133,810.71
96 $133,810.71 $1,067.83 $0.00 $756.59 $135,635.13
97 $135,635.13 $1,067.83 $0.00 $766.90 $137,469.86
98 $137,469.86 $1,067.83 $0.00 $777.27 $139,314.96
99 $139,314.96 $1,067.83 $0.00 $787.71 $141,170.50
100 $141,170.50 $1,067.83 $0.00 $798.20 $143,036.53
101 $143,036.53 $1,067.83 $0.00 $808.75 $144,913.11
102 $144,913.11 $1,067.83 $0.00 $819.36 $146,800.30
103 $146,800.30 $1,067.83 $0.00 $830.03 $148,698.16
104 $148,698.16 $1,067.83 $0.00 $840.76 $150,606.75
105 $150,606.75 $1,067.83 $0.00 $851.55 $152,526.13
106 $152,526.13 $1,067.83 $0.00 $862.40 $154,456.36
107 $154,456.36 $1,067.83 $0.00 $873.32 $156,397.51
108 $156,397.51 $1,067.83 $0.00 $884.29 $158,349.63
109 $158,349.63 $1,067.83 $0.00 $895.33 $160,312.79
110 $160,312.79 $1,067.83 $0.00 $906.43 $162,287.05
111 $162,287.05 $1,067.83 $0.00 $917.59 $164,272.47
112 $164,272.47 $1,067.83 $0.00 $928.82 $166,269.12
113 $166,269.12 $1,067.83 $0.00 $940.11 $168,277.06
114 $168,277.06 $1,067.83 $0.00 $951.46 $170,296.35
115 $170,296.35 $1,067.83 $0.00 $962.88 $172,327.06
116 $172,327.06 $1,067.83 $0.00 $974.36 $174,369.25
117 $174,369.25 $1,067.83 $0.00 $985.91 $176,422.99
118 $176,422.99 $1,067.83 $0.00 $997.52 $178,488.34
119 $178,488.34 $1,067.83 $0.00 $1,009.20 $180,565.37
120 $180,565.37 $1,067.83 $0.00 $1,020.94 $182,654.14
121 $182,654.14 $1,067.83 $0.00 $1,032.75 $184,754.72
122 $184,754.72 $1,067.83 $0.00 $1,044.63 $186,867.18
123 $186,867.18 $1,067.83 $0.00 $1,056.57 $188,991.58
124 $188,991.58 $1,067.83 $0.00 $1,068.59 $191,128.00
125 $191,128.00 $1,067.83 $0.00 $1,080.67 $193,276.50
126 $193,276.50 $1,067.83 $0.00 $1,092.81 $195,437.14
127 $195,437.14 $1,067.83 $0.00 $1,105.03 $197,610.00
128 $197,610.00 $1,067.83 $0.00 $1,117.32 $199,795.15
129 $199,795.15 $1,067.83 $0.00 $1,129.67 $201,992.65
130 $201,992.65 $1,067.83 $0.00 $1,142.10 $204,202.58
131 $204,202.58 $1,067.83 $0.00 $1,154.59 $206,425.00
132 $206,425.00 $1,067.83 $0.00 $1,167.16 $208,659.99
133 $208,659.99 $1,067.83 $0.00 $1,179.79 $210,907.61
134 $210,907.61 $1,067.83 $0.00 $1,192.50 $213,167.94
135 $213,167.94 $1,067.83 $0.00 $1,205.28 $215,441.05
136 $215,441.05 $1,067.83 $0.00 $1,218.14 $217,727.02
137 $217,727.02 $1,067.83 $0.00 $1,231.06 $220,025.91
138 $220,025.91 $1,067.83 $0.00 $1,244.06 $222,337.80
139 $222,337.80 $1,067.83 $0.00 $1,257.13 $224,662.76
140 $224,662.76 $1,067.83 $0.00 $1,270.28 $227,000.87
141 $227,000.87 $1,067.83 $0.00 $1,283.50 $229,352.20
142 $229,352.20 $1,067.83 $0.00 $1,296.79 $231,716.82
143 $231,716.82 $1,067.83 $0.00 $1,310.16 $234,094.81
144 $234,094.81 $1,067.83 $0.00 $1,323.61 $236,486.25
145 $236,486.25 $1,067.83 $0.00 $1,337.13 $238,891.21
146 $238,891.21 $1,067.83 $0.00 $1,350.73 $241,309.77
147 $241,309.77 $1,067.83 $0.00 $1,364.40 $243,742.00
148 $243,742.00 $1,067.83 $0.00 $1,378.15 $246,187.98
149 $246,187.98 $1,067.83 $0.00 $1,391.98 $248,647.79
150 $248,647.79 $1,067.83 $0.00 $1,405.89 $251,121.51
151 $251,121.51 $1,067.83 $0.00 $1,419.88 $253,609.22
152 $253,609.22 $1,067.83 $0.00 $1,433.94 $256,110.99
153 $256,110.99 $1,067.83 $0.00 $1,448.09 $258,626.91
154 $258,626.91 $1,067.83 $0.00 $1,462.31 $261,157.05
155 $261,157.05 $1,067.83 $0.00 $1,476.62 $263,701.50
156 $263,701.50 $1,067.83 $0.00 $1,491.01 $266,260.34
157 $266,260.34 $1,067.83 $0.00 $1,505.47 $268,833.64
158 $268,833.64 $1,067.83 $0.00 $1,520.02 $271,421.49
159 $271,421.49 $1,067.83 $0.00 $1,534.66 $274,023.98
160 $274,023.98 $1,067.83 $0.00 $1,549.37 $276,641.18
161 $276,641.18 $1,067.83 $0.00 $1,564.17 $279,273.18
162 $279,273.18 $1,067.83 $0.00 $1,579.05 $281,920.06
163 $281,920.06 $1,067.83 $0.00 $1,594.02 $284,581.91
164 $284,581.91 $1,067.83 $0.00 $1,609.07 $287,258.81
165 $287,258.81 $1,067.83 $0.00 $1,624.20 $289,950.84
166 $289,950.84 $1,067.83 $0.00 $1,639.42 $292,658.09
167 $292,658.09 $1,067.83 $0.00 $1,654.73 $295,380.65
168 $295,380.65 $1,067.83 $0.00 $1,670.13 $298,118.61
169 $298,118.61 $1,067.83 $0.00 $1,685.61 $300,872.05
170 $300,872.05 $1,067.83 $0.00 $1,701.17 $303,641.05
171 $303,641.05 $1,067.83 $0.00 $1,716.83 $306,425.71
172 $306,425.71 $1,067.83 $0.00 $1,732.58 $309,226.12
173 $309,226.12 $1,067.83 $0.00 $1,748.41 $312,042.36
174 $312,042.36 $1,067.83 $0.00 $1,764.33 $314,874.52
175 $314,874.52 $1,067.83 $0.00 $1,780.35 $317,722.70
176 $317,722.70 $1,067.83 $0.00 $1,796.45 $320,586.98
177 $320,586.98 $1,067.83 $0.00 $1,812.65 $323,467.46
178 $323,467.46 $1,067.83 $0.00 $1,828.93 $326,364.22
179 $326,364.22 $1,067.83 $0.00 $1,845.31 $329,277.36
180 $329,277.36 $1,067.83 $0.00 $1,861.78 $332,206.97
181 $332,206.97 $1,067.83 $0.00 $1,878.35 $335,153.15
182 $335,153.15 $1,067.83 $0.00 $1,895.00 $338,115.98
183 $338,115.98 $1,067.83 $0.00 $1,911.76 $341,095.57
184 $341,095.57 $1,067.83 $0.00 $1,928.60 $344,092.00
185 $344,092.00 $1,067.83 $0.00 $1,945.55 $347,105.38
186 $347,105.38 $1,067.83 $0.00 $1,962.58 $350,135.79
187 $350,135.79 $1,067.83 $0.00 $1,979.72 $353,183.34
188 $353,183.34 $1,067.83 $0.00 $1,996.95 $356,248.12
189 $356,248.12 $1,067.83 $0.00 $2,014.28 $359,330.23
190 $359,330.23 $1,067.83 $0.00 $2,031.71 $362,429.77
191 $362,429.77 $1,067.83 $0.00 $2,049.23 $365,546.83
192 $365,546.83 $1,067.83 $0.00 $2,066.85 $368,681.51
193 $368,681.51 $1,067.83 $0.00 $2,084.58 $371,833.92
194 $371,833.92 $1,067.83 $0.00 $2,102.40 $375,004.15
195 $375,004.15 $1,067.83 $0.00 $2,120.33 $378,192.31
196 $378,192.31 $1,067.83 $0.00 $2,138.35 $381,398.49
197 $381,398.49 $1,067.83 $0.00 $2,156.48 $384,622.80
198 $384,622.80 $1,067.83 $0.00 $2,174.71 $387,865.34
199 $387,865.34 $1,067.83 $0.00 $2,193.05 $391,126.22
200 $391,126.22 $1,067.83 $0.00 $2,211.48 $394,405.53
201 $394,405.53 $1,067.83 $0.00 $2,230.03 $397,703.39
202 $397,703.39 $1,067.83 $0.00 $2,248.67 $401,019.89
203 $401,019.89 $1,067.83 $0.00 $2,267.42 $404,355.14
204 $404,355.14 $1,067.83 $0.00 $2,286.28 $407,709.25
205 $407,709.25 $1,067.83 $0.00 $2,305.25 $411,082.33
206 $411,082.33 $1,067.83 $0.00 $2,324.32 $414,474.48
207 $414,474.48 $1,067.83 $0.00 $2,343.50 $417,885.81
208 $417,885.81 $1,067.83 $0.00 $2,362.79 $421,316.43
209 $421,316.43 $1,067.83 $0.00 $2,382.18 $424,766.44
210 $424,766.44 $1,067.83 $0.00 $2,401.69 $428,235.96
211 $428,235.96 $1,067.83 $0.00 $2,421.31 $431,725.10
212 $431,725.10 $1,067.83 $0.00 $2,441.04 $435,233.97
213 $435,233.97 $1,067.83 $0.00 $2,460.88 $438,762.68
214 $438,762.68 $1,067.83 $0.00 $2,480.83 $442,311.34
215 $442,311.34 $1,067.83 $0.00 $2,500.89 $445,880.06
216 $445,880.06 $1,067.83 $0.00 $2,521.07 $449,468.96
217 $449,468.96 $1,067.83 $125,192.33 $2,541.36 $327,885.82
218 $327,885.82 $1,067.83 $0.00 $1,853.91 $330,807.56
219 $330,807.56 $1,067.83 $0.00 $1,870.43 $333,745.82
220 $333,745.82 $1,067.83 $0.00 $1,887.05 $336,700.70
221 $336,700.70 $1,067.83 $0.00 $1,903.75 $339,672.28
222 $339,672.28 $1,067.83 $0.00 $1,920.56 $342,660.67
223 $342,660.67 $1,067.83 $0.00 $1,937.45 $345,665.95
224 $345,665.95 $1,067.83 $0.00 $1,954.45 $348,688.23
225 $348,688.23 $1,067.83 $0.00 $1,971.53 $351,727.59
226 $351,727.59 $1,067.83 $0.00 $1,988.72 $354,784.14
227 $354,784.14 $1,067.83 $0.00 $2,006.00 $357,857.97
228 $357,857.97 $1,067.83 $0.00 $2,023.38 $360,949.18
229 $360,949.18 $1,067.83 $131,451.95 $2,040.86 $232,605.92
230 $232,605.92 $1,067.83 $0.00 $1,315.19 $234,988.94
231 $234,988.94 $1,067.83 $0.00 $1,328.66 $237,385.43
232 $237,385.43 $1,067.83 $0.00 $1,342.21 $239,795.47
233 $239,795.47 $1,067.83 $0.00 $1,355.84 $242,219.14
234 $242,219.14 $1,067.83 $0.00 $1,369.54 $244,656.51
235 $244,656.51 $1,067.83 $0.00 $1,383.32 $247,107.66
236 $247,107.66 $1,067.83 $0.00 $1,397.18 $249,572.67
237 $249,572.67 $1,067.83 $0.00 $1,411.12 $252,051.62
238 $252,051.62 $1,067.83 $0.00 $1,425.14 $254,544.59
239 $254,544.59 $1,067.83 $0.00 $1,439.23 $257,051.65
240 $257,051.65 $1,067.83 $0.00 $1,453.41 $259,572.89
241 $259,572.89 $1,067.83 $138,024.55 $1,467.66 $124,083.83
242 $124,083.83 $1,067.83 $0.00 $701.59 $125,853.25
243 $125,853.25 $1,067.83 $0.00 $711.59 $127,632.67
244 $127,632.67 $1,067.83 $0.00 $721.65 $129,422.15
245 $129,422.15 $1,067.83 $0.00 $731.77 $131,221.75
246 $131,221.75 $1,067.83 $0.00 $741.95 $133,031.53
247 $133,031.53 $1,067.83 $0.00 $752.18 $134,851.54
248 $134,851.54 $1,067.83 $0.00 $762.47 $136,681.84
249 $136,681.84 $1,067.83 $0.00 $772.82 $138,522.49
250 $138,522.49 $1,067.83 $0.00 $783.23 $140,373.55
251 $140,373.55 $1,067.83 $0.00 $793.69 $142,235.07
252 $142,235.07 $1,067.83 $0.00 $804.22 $144,107.12
253 $144,107.12 $0.00 $144,925.77 $814.80 ($3.85)