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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$129,401
Monthly savings required$1,024

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 $517,604.20 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,024.32 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$49,900.00
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 $1,024.32 $0.00 $0.00 $1,024.32
2 $1,024.32 $1,024.32 $0.00 $5.79 $2,054.43
3 $2,054.43 $1,024.32 $0.00 $11.62 $3,090.37
4 $3,090.37 $1,024.32 $0.00 $17.47 $4,132.16
5 $4,132.16 $1,024.32 $0.00 $23.36 $5,179.84
6 $5,179.84 $1,024.32 $0.00 $29.29 $6,233.45
7 $6,233.45 $1,024.32 $0.00 $35.24 $7,293.01
8 $7,293.01 $1,024.32 $0.00 $41.24 $8,358.57
9 $8,358.57 $1,024.32 $0.00 $47.26 $9,430.15
10 $9,430.15 $1,024.32 $0.00 $53.32 $10,507.79
11 $10,507.79 $1,024.32 $0.00 $59.41 $11,591.52
12 $11,591.52 $1,024.32 $0.00 $65.54 $12,681.38
13 $12,681.38 $1,024.32 $0.00 $71.70 $13,777.40
14 $13,777.40 $1,024.32 $0.00 $77.90 $14,879.62
15 $14,879.62 $1,024.32 $0.00 $84.13 $15,988.07
16 $15,988.07 $1,024.32 $0.00 $90.40 $17,102.79
17 $17,102.79 $1,024.32 $0.00 $96.70 $18,223.81
18 $18,223.81 $1,024.32 $0.00 $103.04 $19,351.17
19 $19,351.17 $1,024.32 $0.00 $109.41 $20,484.90
20 $20,484.90 $1,024.32 $0.00 $115.82 $21,625.04
21 $21,625.04 $1,024.32 $0.00 $122.27 $22,771.63
22 $22,771.63 $1,024.32 $0.00 $128.75 $23,924.70
23 $23,924.70 $1,024.32 $0.00 $135.27 $25,084.29
24 $25,084.29 $1,024.32 $0.00 $141.83 $26,250.44
25 $26,250.44 $1,024.32 $0.00 $148.42 $27,423.18
26 $27,423.18 $1,024.32 $0.00 $155.05 $28,602.55
27 $28,602.55 $1,024.32 $0.00 $161.72 $29,788.59
28 $29,788.59 $1,024.32 $0.00 $168.43 $30,981.34
29 $30,981.34 $1,024.32 $0.00 $175.17 $32,180.83
30 $32,180.83 $1,024.32 $0.00 $181.96 $33,387.11
31 $33,387.11 $1,024.32 $0.00 $188.78 $34,600.21
32 $34,600.21 $1,024.32 $0.00 $195.63 $35,820.16
33 $35,820.16 $1,024.32 $0.00 $202.53 $37,047.01
34 $37,047.01 $1,024.32 $0.00 $209.47 $38,280.80
35 $38,280.80 $1,024.32 $0.00 $216.45 $39,521.57
36 $39,521.57 $1,024.32 $0.00 $223.46 $40,769.35
37 $40,769.35 $1,024.32 $0.00 $230.52 $42,024.19
38 $42,024.19 $1,024.32 $0.00 $237.61 $43,286.12
39 $43,286.12 $1,024.32 $0.00 $244.75 $44,555.19
40 $44,555.19 $1,024.32 $0.00 $251.92 $45,831.43
41 $45,831.43 $1,024.32 $0.00 $259.14 $47,114.89
42 $47,114.89 $1,024.32 $0.00 $266.39 $48,405.60
43 $48,405.60 $1,024.32 $0.00 $273.69 $49,703.61
44 $49,703.61 $1,024.32 $0.00 $281.03 $51,008.96
45 $51,008.96 $1,024.32 $0.00 $288.41 $52,321.69
46 $52,321.69 $1,024.32 $0.00 $295.83 $53,641.84
47 $53,641.84 $1,024.32 $0.00 $303.30 $54,969.46
48 $54,969.46 $1,024.32 $0.00 $310.81 $56,304.59
49 $56,304.59 $1,024.32 $0.00 $318.35 $57,647.26
50 $57,647.26 $1,024.32 $0.00 $325.95 $58,997.53
51 $58,997.53 $1,024.32 $0.00 $333.58 $60,355.43
52 $60,355.43 $1,024.32 $0.00 $341.26 $61,721.01
53 $61,721.01 $1,024.32 $0.00 $348.98 $63,094.31
54 $63,094.31 $1,024.32 $0.00 $356.74 $64,475.37
55 $64,475.37 $1,024.32 $0.00 $364.55 $65,864.24
56 $65,864.24 $1,024.32 $0.00 $372.41 $67,260.97
57 $67,260.97 $1,024.32 $0.00 $380.30 $68,665.59
58 $68,665.59 $1,024.32 $0.00 $388.25 $70,078.16
59 $70,078.16 $1,024.32 $0.00 $396.23 $71,498.71
60 $71,498.71 $1,024.32 $0.00 $404.26 $72,927.29
61 $72,927.29 $1,024.32 $0.00 $412.34 $74,363.95
62 $74,363.95 $1,024.32 $0.00 $420.46 $75,808.73
63 $75,808.73 $1,024.32 $0.00 $428.63 $77,261.68
64 $77,261.68 $1,024.32 $0.00 $436.85 $78,722.85
65 $78,722.85 $1,024.32 $0.00 $445.11 $80,192.28
66 $80,192.28 $1,024.32 $0.00 $453.42 $81,670.02
67 $81,670.02 $1,024.32 $0.00 $461.77 $83,156.11
68 $83,156.11 $1,024.32 $0.00 $470.18 $84,650.61
69 $84,650.61 $1,024.32 $0.00 $478.63 $86,153.56
70 $86,153.56 $1,024.32 $0.00 $487.12 $87,665.00
71 $87,665.00 $1,024.32 $0.00 $495.67 $89,184.99
72 $89,184.99 $1,024.32 $0.00 $504.26 $90,713.57
73 $90,713.57 $1,024.32 $0.00 $512.91 $92,250.80
74 $92,250.80 $1,024.32 $0.00 $521.60 $93,796.72
75 $93,796.72 $1,024.32 $0.00 $530.34 $95,351.38
76 $95,351.38 $1,024.32 $0.00 $539.13 $96,914.83
77 $96,914.83 $1,024.32 $0.00 $547.97 $98,487.12
78 $98,487.12 $1,024.32 $0.00 $556.86 $100,068.30
79 $100,068.30 $1,024.32 $0.00 $565.80 $101,658.42
80 $101,658.42 $1,024.32 $0.00 $574.79 $103,257.53
81 $103,257.53 $1,024.32 $0.00 $583.83 $104,865.68
82 $104,865.68 $1,024.32 $0.00 $592.93 $106,482.93
83 $106,482.93 $1,024.32 $0.00 $602.07 $108,109.32
84 $108,109.32 $1,024.32 $0.00 $611.27 $109,744.91
85 $109,744.91 $1,024.32 $0.00 $620.51 $111,389.74
86 $111,389.74 $1,024.32 $0.00 $629.81 $113,043.87
87 $113,043.87 $1,024.32 $0.00 $639.17 $114,707.36
88 $114,707.36 $1,024.32 $0.00 $648.57 $116,380.25
89 $116,380.25 $1,024.32 $0.00 $658.03 $118,062.60
90 $118,062.60 $1,024.32 $0.00 $667.54 $119,754.46
91 $119,754.46 $1,024.32 $0.00 $677.11 $121,455.89
92 $121,455.89 $1,024.32 $0.00 $686.73 $123,166.94
93 $123,166.94 $1,024.32 $0.00 $696.40 $124,887.66
94 $124,887.66 $1,024.32 $0.00 $706.13 $126,618.11
95 $126,618.11 $1,024.32 $0.00 $715.92 $128,358.35
96 $128,358.35 $1,024.32 $0.00 $725.76 $130,108.43
97 $130,108.43 $1,024.32 $0.00 $735.65 $131,868.40
98 $131,868.40 $1,024.32 $0.00 $745.60 $133,638.32
99 $133,638.32 $1,024.32 $0.00 $755.61 $135,418.25
100 $135,418.25 $1,024.32 $0.00 $765.67 $137,208.24
101 $137,208.24 $1,024.32 $0.00 $775.80 $139,008.36
102 $139,008.36 $1,024.32 $0.00 $785.97 $140,818.65
103 $140,818.65 $1,024.32 $0.00 $796.21 $142,639.18
104 $142,639.18 $1,024.32 $0.00 $806.50 $144,470.00
105 $144,470.00 $1,024.32 $0.00 $816.85 $146,311.17
106 $146,311.17 $1,024.32 $0.00 $827.26 $148,162.75
107 $148,162.75 $1,024.32 $0.00 $837.73 $150,024.80
108 $150,024.80 $1,024.32 $0.00 $848.26 $151,897.38
109 $151,897.38 $1,024.32 $0.00 $858.85 $153,780.55
110 $153,780.55 $1,024.32 $0.00 $869.50 $155,674.37
111 $155,674.37 $1,024.32 $0.00 $880.21 $157,578.90
112 $157,578.90 $1,024.32 $0.00 $890.97 $159,494.19
113 $159,494.19 $1,024.32 $0.00 $901.80 $161,420.31
114 $161,420.31 $1,024.32 $0.00 $912.69 $163,357.32
115 $163,357.32 $1,024.32 $0.00 $923.65 $165,305.29
116 $165,305.29 $1,024.32 $0.00 $934.66 $167,264.27
117 $167,264.27 $1,024.32 $0.00 $945.74 $169,234.33
118 $169,234.33 $1,024.32 $0.00 $956.88 $171,215.53
119 $171,215.53 $1,024.32 $0.00 $968.08 $173,207.93
120 $173,207.93 $1,024.32 $0.00 $979.34 $175,211.59
121 $175,211.59 $1,024.32 $0.00 $990.67 $177,226.58
122 $177,226.58 $1,024.32 $0.00 $1,002.06 $179,252.96
123 $179,252.96 $1,024.32 $0.00 $1,013.52 $181,290.80
124 $181,290.80 $1,024.32 $0.00 $1,025.04 $183,340.16
125 $183,340.16 $1,024.32 $0.00 $1,036.63 $185,401.11
126 $185,401.11 $1,024.32 $0.00 $1,048.28 $187,473.71
127 $187,473.71 $1,024.32 $0.00 $1,060.00 $189,558.03
128 $189,558.03 $1,024.32 $0.00 $1,071.79 $191,654.14
129 $191,654.14 $1,024.32 $0.00 $1,083.64 $193,762.10
130 $193,762.10 $1,024.32 $0.00 $1,095.56 $195,881.98
131 $195,881.98 $1,024.32 $0.00 $1,107.55 $198,013.85
132 $198,013.85 $1,024.32 $0.00 $1,119.60 $200,157.77
133 $200,157.77 $1,024.32 $0.00 $1,131.72 $202,313.81
134 $202,313.81 $1,024.32 $0.00 $1,143.91 $204,482.04
135 $204,482.04 $1,024.32 $0.00 $1,156.17 $206,662.53
136 $206,662.53 $1,024.32 $0.00 $1,168.50 $208,855.35
137 $208,855.35 $1,024.32 $0.00 $1,180.90 $211,060.57
138 $211,060.57 $1,024.32 $0.00 $1,193.37 $213,278.26
139 $213,278.26 $1,024.32 $0.00 $1,205.91 $215,508.49
140 $215,508.49 $1,024.32 $0.00 $1,218.52 $217,751.33
141 $217,751.33 $1,024.32 $0.00 $1,231.20 $220,006.85
142 $220,006.85 $1,024.32 $0.00 $1,243.95 $222,275.12
143 $222,275.12 $1,024.32 $0.00 $1,256.78 $224,556.22
144 $224,556.22 $1,024.32 $0.00 $1,269.67 $226,850.21
145 $226,850.21 $1,024.32 $0.00 $1,282.64 $229,157.17
146 $229,157.17 $1,024.32 $0.00 $1,295.69 $231,477.18
147 $231,477.18 $1,024.32 $0.00 $1,308.81 $233,810.31
148 $233,810.31 $1,024.32 $0.00 $1,322.00 $236,156.63
149 $236,156.63 $1,024.32 $0.00 $1,335.26 $238,516.21
150 $238,516.21 $1,024.32 $0.00 $1,348.61 $240,889.14
151 $240,889.14 $1,024.32 $0.00 $1,362.02 $243,275.48
152 $243,275.48 $1,024.32 $0.00 $1,375.51 $245,675.31
153 $245,675.31 $1,024.32 $0.00 $1,389.08 $248,088.71
154 $248,088.71 $1,024.32 $0.00 $1,402.73 $250,515.76
155 $250,515.76 $1,024.32 $0.00 $1,416.45 $252,956.53
156 $252,956.53 $1,024.32 $0.00 $1,430.25 $255,411.10
157 $255,411.10 $1,024.32 $0.00 $1,444.13 $257,879.55
158 $257,879.55 $1,024.32 $0.00 $1,458.09 $260,361.96
159 $260,361.96 $1,024.32 $0.00 $1,472.12 $262,858.40
160 $262,858.40 $1,024.32 $0.00 $1,486.24 $265,368.96
161 $265,368.96 $1,024.32 $0.00 $1,500.43 $267,893.71
162 $267,893.71 $1,024.32 $0.00 $1,514.71 $270,432.74
163 $270,432.74 $1,024.32 $0.00 $1,529.07 $272,986.13
164 $272,986.13 $1,024.32 $0.00 $1,543.50 $275,553.95
165 $275,553.95 $1,024.32 $0.00 $1,558.02 $278,136.29
166 $278,136.29 $1,024.32 $0.00 $1,572.62 $280,733.23
167 $280,733.23 $1,024.32 $0.00 $1,587.31 $283,344.86
168 $283,344.86 $1,024.32 $0.00 $1,602.07 $285,971.25
169 $285,971.25 $1,024.32 $0.00 $1,616.92 $288,612.49
170 $288,612.49 $1,024.32 $0.00 $1,631.86 $291,268.67
171 $291,268.67 $1,024.32 $0.00 $1,646.88 $293,939.87
172 $293,939.87 $1,024.32 $0.00 $1,661.98 $296,626.17
173 $296,626.17 $1,024.32 $0.00 $1,677.17 $299,327.66
174 $299,327.66 $1,024.32 $0.00 $1,692.44 $302,044.42
175 $302,044.42 $1,024.32 $0.00 $1,707.80 $304,776.54
176 $304,776.54 $1,024.32 $0.00 $1,723.25 $307,524.11
177 $307,524.11 $1,024.32 $0.00 $1,738.79 $310,287.22
178 $310,287.22 $1,024.32 $0.00 $1,754.41 $313,065.95
179 $313,065.95 $1,024.32 $0.00 $1,770.12 $315,860.39
180 $315,860.39 $1,024.32 $0.00 $1,785.92 $318,670.63
181 $318,670.63 $1,024.32 $0.00 $1,801.81 $321,496.76
182 $321,496.76 $1,024.32 $0.00 $1,817.79 $324,338.87
183 $324,338.87 $1,024.32 $0.00 $1,833.86 $327,197.05
184 $327,197.05 $1,024.32 $0.00 $1,850.02 $330,071.39
185 $330,071.39 $1,024.32 $0.00 $1,866.27 $332,961.98
186 $332,961.98 $1,024.32 $0.00 $1,882.62 $335,868.92
187 $335,868.92 $1,024.32 $0.00 $1,899.05 $338,792.29
188 $338,792.29 $1,024.32 $0.00 $1,915.58 $341,732.19
189 $341,732.19 $1,024.32 $0.00 $1,932.20 $344,688.71
190 $344,688.71 $1,024.32 $0.00 $1,948.92 $347,661.95
191 $347,661.95 $1,024.32 $0.00 $1,965.73 $350,652.00
192 $350,652.00 $1,024.32 $0.00 $1,982.64 $353,658.96
193 $353,658.96 $1,024.32 $0.00 $1,999.64 $356,682.92
194 $356,682.92 $1,024.32 $0.00 $2,016.74 $359,723.98
195 $359,723.98 $1,024.32 $0.00 $2,033.93 $362,782.23
196 $362,782.23 $1,024.32 $0.00 $2,051.22 $365,857.77
197 $365,857.77 $1,024.32 $0.00 $2,068.61 $368,950.70
198 $368,950.70 $1,024.32 $0.00 $2,086.10 $372,061.12
199 $372,061.12 $1,024.32 $0.00 $2,103.69 $375,189.13
200 $375,189.13 $1,024.32 $0.00 $2,121.37 $378,334.82
201 $378,334.82 $1,024.32 $0.00 $2,139.16 $381,498.30
202 $381,498.30 $1,024.32 $0.00 $2,157.05 $384,679.67
203 $384,679.67 $1,024.32 $0.00 $2,175.03 $387,879.02
204 $387,879.02 $1,024.32 $0.00 $2,193.12 $391,096.46
205 $391,096.46 $1,024.32 $0.00 $2,211.32 $394,332.10
206 $394,332.10 $1,024.32 $0.00 $2,229.61 $397,586.03
207 $397,586.03 $1,024.32 $0.00 $2,248.01 $400,858.36
208 $400,858.36 $1,024.32 $0.00 $2,266.51 $404,149.19
209 $404,149.19 $1,024.32 $0.00 $2,285.12 $407,458.63
210 $407,458.63 $1,024.32 $0.00 $2,303.83 $410,786.78
211 $410,786.78 $1,024.32 $0.00 $2,322.65 $414,133.75
212 $414,133.75 $1,024.32 $0.00 $2,341.57 $417,499.64
213 $417,499.64 $1,024.32 $0.00 $2,360.60 $420,884.56
214 $420,884.56 $1,024.32 $0.00 $2,379.74 $424,288.62
215 $424,288.62 $1,024.32 $0.00 $2,398.99 $427,711.93
216 $427,711.93 $1,024.32 $0.00 $2,418.35 $431,154.60
217 $431,154.60 $1,024.32 $120,090.30 $2,437.81 $314,526.43
218 $314,526.43 $1,024.32 $0.00 $1,778.38 $317,329.13
219 $317,329.13 $1,024.32 $0.00 $1,794.23 $320,147.68
220 $320,147.68 $1,024.32 $0.00 $1,810.16 $322,982.16
221 $322,982.16 $1,024.32 $0.00 $1,826.19 $325,832.67
222 $325,832.67 $1,024.32 $0.00 $1,842.31 $328,699.30
223 $328,699.30 $1,024.32 $0.00 $1,858.51 $331,582.13
224 $331,582.13 $1,024.32 $0.00 $1,874.81 $334,481.26
225 $334,481.26 $1,024.32 $0.00 $1,891.21 $337,396.79
226 $337,396.79 $1,024.32 $0.00 $1,907.69 $340,328.80
227 $340,328.80 $1,024.32 $0.00 $1,924.27 $343,277.39
228 $343,277.39 $1,024.32 $0.00 $1,940.94 $346,242.65
229 $346,242.65 $1,024.32 $126,094.81 $1,957.71 $223,129.87
230 $223,129.87 $1,024.32 $0.00 $1,261.61 $225,415.80
231 $225,415.80 $1,024.32 $0.00 $1,274.53 $227,714.65
232 $227,714.65 $1,024.32 $0.00 $1,287.53 $230,026.50
233 $230,026.50 $1,024.32 $0.00 $1,300.60 $232,351.42
234 $232,351.42 $1,024.32 $0.00 $1,313.75 $234,689.49
235 $234,689.49 $1,024.32 $0.00 $1,326.97 $237,040.78
236 $237,040.78 $1,024.32 $0.00 $1,340.26 $239,405.36
237 $239,405.36 $1,024.32 $0.00 $1,353.63 $241,783.31
238 $241,783.31 $1,024.32 $0.00 $1,367.08 $244,174.71
239 $244,174.71 $1,024.32 $0.00 $1,380.60 $246,579.63
240 $246,579.63 $1,024.32 $0.00 $1,394.20 $248,998.15
241 $248,998.15 $1,024.32 $132,399.56 $1,407.87 $119,030.78
242 $119,030.78 $1,024.32 $0.00 $673.02 $120,728.12
243 $120,728.12 $1,024.32 $0.00 $682.61 $122,435.05
244 $122,435.05 $1,024.32 $0.00 $692.27 $124,151.64
245 $124,151.64 $1,024.32 $0.00 $701.97 $125,877.93
246 $125,877.93 $1,024.32 $0.00 $711.73 $127,613.98
247 $127,613.98 $1,024.32 $0.00 $721.55 $129,359.85
248 $129,359.85 $1,024.32 $0.00 $731.42 $131,115.59
249 $131,115.59 $1,024.32 $0.00 $741.35 $132,881.26
250 $132,881.26 $1,024.32 $0.00 $751.33 $134,656.91
251 $134,656.91 $1,024.32 $0.00 $761.37 $136,442.60
252 $136,442.60 $1,024.32 $0.00 $771.47 $138,238.39
253 $138,238.39 $0.00 $139,019.53 $781.62 $0.48