Savings Plan and Future Cost Estimation for Miami Dade College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$77,931
Monthly savings required$617

How much will it cost to send your child to Miami Dade College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $311,724.28 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $616.90 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$30,052.00
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 $616.90 $0.00 $0.00 $616.90
2 $616.90 $616.90 $0.00 $3.49 $1,237.29
3 $1,237.29 $616.90 $0.00 $7.00 $1,861.19
4 $1,861.19 $616.90 $0.00 $10.52 $2,488.61
5 $2,488.61 $616.90 $0.00 $14.07 $3,119.58
6 $3,119.58 $616.90 $0.00 $17.64 $3,754.12
7 $3,754.12 $616.90 $0.00 $21.23 $4,392.25
8 $4,392.25 $616.90 $0.00 $24.83 $5,033.98
9 $5,033.98 $616.90 $0.00 $28.46 $5,679.34
10 $5,679.34 $616.90 $0.00 $32.11 $6,328.35
11 $6,328.35 $616.90 $0.00 $35.78 $6,981.03
12 $6,981.03 $616.90 $0.00 $39.47 $7,637.40
13 $7,637.40 $616.90 $0.00 $43.18 $8,297.48
14 $8,297.48 $616.90 $0.00 $46.92 $8,961.30
15 $8,961.30 $616.90 $0.00 $50.67 $9,628.87
16 $9,628.87 $616.90 $0.00 $54.44 $10,300.21
17 $10,300.21 $616.90 $0.00 $58.24 $10,975.35
18 $10,975.35 $616.90 $0.00 $62.06 $11,654.31
19 $11,654.31 $616.90 $0.00 $65.90 $12,337.11
20 $12,337.11 $616.90 $0.00 $69.76 $13,023.77
21 $13,023.77 $616.90 $0.00 $73.64 $13,714.31
22 $13,714.31 $616.90 $0.00 $77.54 $14,408.75
23 $14,408.75 $616.90 $0.00 $81.47 $15,107.12
24 $15,107.12 $616.90 $0.00 $85.42 $15,809.44
25 $15,809.44 $616.90 $0.00 $89.39 $16,515.73
26 $16,515.73 $616.90 $0.00 $93.38 $17,226.01
27 $17,226.01 $616.90 $0.00 $97.40 $17,940.31
28 $17,940.31 $616.90 $0.00 $101.44 $18,658.65
29 $18,658.65 $616.90 $0.00 $105.50 $19,381.05
30 $19,381.05 $616.90 $0.00 $109.58 $20,107.53
31 $20,107.53 $616.90 $0.00 $113.69 $20,838.12
32 $20,838.12 $616.90 $0.00 $117.82 $21,572.84
33 $21,572.84 $616.90 $0.00 $121.98 $22,311.72
34 $22,311.72 $616.90 $0.00 $126.15 $23,054.77
35 $23,054.77 $616.90 $0.00 $130.36 $23,802.03
36 $23,802.03 $616.90 $0.00 $134.58 $24,553.51
37 $24,553.51 $616.90 $0.00 $138.83 $25,309.24
38 $25,309.24 $616.90 $0.00 $143.10 $26,069.24
39 $26,069.24 $616.90 $0.00 $147.40 $26,833.54
40 $26,833.54 $616.90 $0.00 $151.72 $27,602.16
41 $27,602.16 $616.90 $0.00 $156.07 $28,375.13
42 $28,375.13 $616.90 $0.00 $160.44 $29,152.47
43 $29,152.47 $616.90 $0.00 $164.83 $29,934.20
44 $29,934.20 $616.90 $0.00 $169.25 $30,720.35
45 $30,720.35 $616.90 $0.00 $173.70 $31,510.95
46 $31,510.95 $616.90 $0.00 $178.17 $32,306.02
47 $32,306.02 $616.90 $0.00 $182.66 $33,105.58
48 $33,105.58 $616.90 $0.00 $187.18 $33,909.66
49 $33,909.66 $616.90 $0.00 $191.73 $34,718.29
50 $34,718.29 $616.90 $0.00 $196.30 $35,531.49
51 $35,531.49 $616.90 $0.00 $200.90 $36,349.29
52 $36,349.29 $616.90 $0.00 $205.52 $37,171.71
53 $37,171.71 $616.90 $0.00 $210.17 $37,998.78
54 $37,998.78 $616.90 $0.00 $214.85 $38,830.53
55 $38,830.53 $616.90 $0.00 $219.55 $39,666.98
56 $39,666.98 $616.90 $0.00 $224.28 $40,508.16
57 $40,508.16 $616.90 $0.00 $229.04 $41,354.10
58 $41,354.10 $616.90 $0.00 $233.82 $42,204.82
59 $42,204.82 $616.90 $0.00 $238.63 $43,060.35
60 $43,060.35 $616.90 $0.00 $243.47 $43,920.72
61 $43,920.72 $616.90 $0.00 $248.33 $44,785.95
62 $44,785.95 $616.90 $0.00 $253.23 $45,656.08
63 $45,656.08 $616.90 $0.00 $258.15 $46,531.13
64 $46,531.13 $616.90 $0.00 $263.09 $47,411.12
65 $47,411.12 $616.90 $0.00 $268.07 $48,296.09
66 $48,296.09 $616.90 $0.00 $273.07 $49,186.06
67 $49,186.06 $616.90 $0.00 $278.11 $50,081.07
68 $50,081.07 $616.90 $0.00 $283.17 $50,981.14
69 $50,981.14 $616.90 $0.00 $288.25 $51,886.29
70 $51,886.29 $616.90 $0.00 $293.37 $52,796.56
71 $52,796.56 $616.90 $0.00 $298.52 $53,711.98
72 $53,711.98 $616.90 $0.00 $303.70 $54,632.58
73 $54,632.58 $616.90 $0.00 $308.90 $55,558.38
74 $55,558.38 $616.90 $0.00 $314.14 $56,489.42
75 $56,489.42 $616.90 $0.00 $319.40 $57,425.72
76 $57,425.72 $616.90 $0.00 $324.69 $58,367.31
77 $58,367.31 $616.90 $0.00 $330.02 $59,314.23
78 $59,314.23 $616.90 $0.00 $335.37 $60,266.50
79 $60,266.50 $616.90 $0.00 $340.76 $61,224.16
80 $61,224.16 $616.90 $0.00 $346.17 $62,187.23
81 $62,187.23 $616.90 $0.00 $351.62 $63,155.75
82 $63,155.75 $616.90 $0.00 $357.09 $64,129.74
83 $64,129.74 $616.90 $0.00 $362.60 $65,109.24
84 $65,109.24 $616.90 $0.00 $368.14 $66,094.28
85 $66,094.28 $616.90 $0.00 $373.71 $67,084.89
86 $67,084.89 $616.90 $0.00 $379.31 $68,081.10
87 $68,081.10 $616.90 $0.00 $384.94 $69,082.94
88 $69,082.94 $616.90 $0.00 $390.60 $70,090.44
89 $70,090.44 $616.90 $0.00 $396.30 $71,103.64
90 $71,103.64 $616.90 $0.00 $402.03 $72,122.57
91 $72,122.57 $616.90 $0.00 $407.79 $73,147.26
92 $73,147.26 $616.90 $0.00 $413.59 $74,177.75
93 $74,177.75 $616.90 $0.00 $419.41 $75,214.06
94 $75,214.06 $616.90 $0.00 $425.27 $76,256.23
95 $76,256.23 $616.90 $0.00 $431.16 $77,304.29
96 $77,304.29 $616.90 $0.00 $437.09 $78,358.28
97 $78,358.28 $616.90 $0.00 $443.05 $79,418.23
98 $79,418.23 $616.90 $0.00 $449.04 $80,484.17
99 $80,484.17 $616.90 $0.00 $455.07 $81,556.14
100 $81,556.14 $616.90 $0.00 $461.13 $82,634.17
101 $82,634.17 $616.90 $0.00 $467.23 $83,718.30
102 $83,718.30 $616.90 $0.00 $473.36 $84,808.56
103 $84,808.56 $616.90 $0.00 $479.52 $85,904.98
104 $85,904.98 $616.90 $0.00 $485.72 $87,007.60
105 $87,007.60 $616.90 $0.00 $491.95 $88,116.45
106 $88,116.45 $616.90 $0.00 $498.22 $89,231.57
107 $89,231.57 $616.90 $0.00 $504.53 $90,353.00
108 $90,353.00 $616.90 $0.00 $510.87 $91,480.77
109 $91,480.77 $616.90 $0.00 $517.25 $92,614.92
110 $92,614.92 $616.90 $0.00 $523.66 $93,755.48
111 $93,755.48 $616.90 $0.00 $530.11 $94,902.49
112 $94,902.49 $616.90 $0.00 $536.59 $96,055.98
113 $96,055.98 $616.90 $0.00 $543.11 $97,215.99
114 $97,215.99 $616.90 $0.00 $549.67 $98,382.56
115 $98,382.56 $616.90 $0.00 $556.27 $99,555.73
116 $99,555.73 $616.90 $0.00 $562.90 $100,735.53
117 $100,735.53 $616.90 $0.00 $569.57 $101,922.00
118 $101,922.00 $616.90 $0.00 $576.28 $103,115.18
119 $103,115.18 $616.90 $0.00 $583.03 $104,315.11
120 $104,315.11 $616.90 $0.00 $589.81 $105,521.82
121 $105,521.82 $616.90 $0.00 $596.64 $106,735.36
122 $106,735.36 $616.90 $0.00 $603.50 $107,955.76
123 $107,955.76 $616.90 $0.00 $610.40 $109,183.06
124 $109,183.06 $616.90 $0.00 $617.34 $110,417.30
125 $110,417.30 $616.90 $0.00 $624.32 $111,658.52
126 $111,658.52 $616.90 $0.00 $631.33 $112,906.75
127 $112,906.75 $616.90 $0.00 $638.39 $114,162.04
128 $114,162.04 $616.90 $0.00 $645.49 $115,424.43
129 $115,424.43 $616.90 $0.00 $652.63 $116,693.96
130 $116,693.96 $616.90 $0.00 $659.80 $117,970.66
131 $117,970.66 $616.90 $0.00 $667.02 $119,254.58
132 $119,254.58 $616.90 $0.00 $674.28 $120,545.76
133 $120,545.76 $616.90 $0.00 $681.58 $121,844.24
134 $121,844.24 $616.90 $0.00 $688.93 $123,150.07
135 $123,150.07 $616.90 $0.00 $696.31 $124,463.28
136 $124,463.28 $616.90 $0.00 $703.73 $125,783.91
137 $125,783.91 $616.90 $0.00 $711.20 $127,112.01
138 $127,112.01 $616.90 $0.00 $718.71 $128,447.62
139 $128,447.62 $616.90 $0.00 $726.26 $129,790.78
140 $129,790.78 $616.90 $0.00 $733.86 $131,141.54
141 $131,141.54 $616.90 $0.00 $741.49 $132,499.93
142 $132,499.93 $616.90 $0.00 $749.17 $133,866.00
143 $133,866.00 $616.90 $0.00 $756.90 $135,239.80
144 $135,239.80 $616.90 $0.00 $764.67 $136,621.37
145 $136,621.37 $616.90 $0.00 $772.48 $138,010.75
146 $138,010.75 $616.90 $0.00 $780.33 $139,407.98
147 $139,407.98 $616.90 $0.00 $788.23 $140,813.11
148 $140,813.11 $616.90 $0.00 $796.18 $142,226.19
149 $142,226.19 $616.90 $0.00 $804.17 $143,647.26
150 $143,647.26 $616.90 $0.00 $812.20 $145,076.36
151 $145,076.36 $616.90 $0.00 $820.28 $146,513.54
152 $146,513.54 $616.90 $0.00 $828.41 $147,958.85
153 $147,958.85 $616.90 $0.00 $836.58 $149,412.33
154 $149,412.33 $616.90 $0.00 $844.80 $150,874.03
155 $150,874.03 $616.90 $0.00 $853.06 $152,343.99
156 $152,343.99 $616.90 $0.00 $861.38 $153,822.27
157 $153,822.27 $616.90 $0.00 $869.73 $155,308.90
158 $155,308.90 $616.90 $0.00 $878.14 $156,803.94
159 $156,803.94 $616.90 $0.00 $886.59 $158,307.43
160 $158,307.43 $616.90 $0.00 $895.09 $159,819.42
161 $159,819.42 $616.90 $0.00 $903.64 $161,339.96
162 $161,339.96 $616.90 $0.00 $912.24 $162,869.10
163 $162,869.10 $616.90 $0.00 $920.89 $164,406.89
164 $164,406.89 $616.90 $0.00 $929.58 $165,953.37
165 $165,953.37 $616.90 $0.00 $938.32 $167,508.59
166 $167,508.59 $616.90 $0.00 $947.12 $169,072.61
167 $169,072.61 $616.90 $0.00 $955.96 $170,645.47
168 $170,645.47 $616.90 $0.00 $964.85 $172,227.22
169 $172,227.22 $616.90 $0.00 $973.80 $173,817.92
170 $173,817.92 $616.90 $0.00 $982.79 $175,417.61
171 $175,417.61 $616.90 $0.00 $991.84 $177,026.35
172 $177,026.35 $616.90 $0.00 $1,000.93 $178,644.18
173 $178,644.18 $616.90 $0.00 $1,010.08 $180,271.16
174 $180,271.16 $616.90 $0.00 $1,019.28 $181,907.34
175 $181,907.34 $616.90 $0.00 $1,028.53 $183,552.77
176 $183,552.77 $616.90 $0.00 $1,037.83 $185,207.50
177 $185,207.50 $616.90 $0.00 $1,047.19 $186,871.59
178 $186,871.59 $616.90 $0.00 $1,056.60 $188,545.09
179 $188,545.09 $616.90 $0.00 $1,066.06 $190,228.05
180 $190,228.05 $616.90 $0.00 $1,075.58 $191,920.53
181 $191,920.53 $616.90 $0.00 $1,085.15 $193,622.58
182 $193,622.58 $616.90 $0.00 $1,094.77 $195,334.25
183 $195,334.25 $616.90 $0.00 $1,104.45 $197,055.60
184 $197,055.60 $616.90 $0.00 $1,114.18 $198,786.68
185 $198,786.68 $616.90 $0.00 $1,123.97 $200,527.55
186 $200,527.55 $616.90 $0.00 $1,133.81 $202,278.26
187 $202,278.26 $616.90 $0.00 $1,143.71 $204,038.87
188 $204,038.87 $616.90 $0.00 $1,153.67 $205,809.44
189 $205,809.44 $616.90 $0.00 $1,163.68 $207,590.02
190 $207,590.02 $616.90 $0.00 $1,173.74 $209,380.66
191 $209,380.66 $616.90 $0.00 $1,183.87 $211,181.43
192 $211,181.43 $616.90 $0.00 $1,194.05 $212,992.38
193 $212,992.38 $616.90 $0.00 $1,204.29 $214,813.57
194 $214,813.57 $616.90 $0.00 $1,214.59 $216,645.06
195 $216,645.06 $616.90 $0.00 $1,224.94 $218,486.90
196 $218,486.90 $616.90 $0.00 $1,235.36 $220,339.16
197 $220,339.16 $616.90 $0.00 $1,245.83 $222,201.89
198 $222,201.89 $616.90 $0.00 $1,256.36 $224,075.15
199 $224,075.15 $616.90 $0.00 $1,266.95 $225,959.00
200 $225,959.00 $616.90 $0.00 $1,277.61 $227,853.51
201 $227,853.51 $616.90 $0.00 $1,288.32 $229,758.73
202 $229,758.73 $616.90 $0.00 $1,299.09 $231,674.72
203 $231,674.72 $616.90 $0.00 $1,309.92 $233,601.54
204 $233,601.54 $616.90 $0.00 $1,320.82 $235,539.26
205 $235,539.26 $616.90 $0.00 $1,331.77 $237,487.93
206 $237,487.93 $616.90 $0.00 $1,342.79 $239,447.62
207 $239,447.62 $616.90 $0.00 $1,353.87 $241,418.39
208 $241,418.39 $616.90 $0.00 $1,365.01 $243,400.30
209 $243,400.30 $616.90 $0.00 $1,376.22 $245,393.42
210 $245,393.42 $616.90 $0.00 $1,387.49 $247,397.81
211 $247,397.81 $616.90 $0.00 $1,398.82 $249,413.53
212 $249,413.53 $616.90 $0.00 $1,410.22 $251,440.65
213 $251,440.65 $616.90 $0.00 $1,421.68 $253,479.23
214 $253,479.23 $616.90 $0.00 $1,433.21 $255,529.34
215 $255,529.34 $616.90 $0.00 $1,444.80 $257,591.04
216 $257,591.04 $616.90 $0.00 $1,456.46 $259,664.40
217 $259,664.40 $616.90 $72,323.72 $1,468.18 $189,425.76
218 $189,425.76 $616.90 $0.00 $1,071.04 $191,113.70
219 $191,113.70 $616.90 $0.00 $1,080.58 $192,811.18
220 $192,811.18 $616.90 $0.00 $1,090.18 $194,518.26
221 $194,518.26 $616.90 $0.00 $1,099.83 $196,234.99
222 $196,234.99 $616.90 $0.00 $1,109.54 $197,961.43
223 $197,961.43 $616.90 $0.00 $1,119.30 $199,697.63
224 $199,697.63 $616.90 $0.00 $1,129.12 $201,443.65
225 $201,443.65 $616.90 $0.00 $1,138.99 $203,199.54
226 $203,199.54 $616.90 $0.00 $1,148.92 $204,965.36
227 $204,965.36 $616.90 $0.00 $1,158.90 $206,741.16
228 $206,741.16 $616.90 $0.00 $1,168.94 $208,527.00
229 $208,527.00 $616.90 $75,939.91 $1,179.04 $134,383.03
230 $134,383.03 $616.90 $0.00 $759.82 $135,759.75
231 $135,759.75 $616.90 $0.00 $767.61 $137,144.26
232 $137,144.26 $616.90 $0.00 $775.43 $138,536.59
233 $138,536.59 $616.90 $0.00 $783.31 $139,936.80
234 $139,936.80 $616.90 $0.00 $791.22 $141,344.92
235 $141,344.92 $616.90 $0.00 $799.18 $142,761.00
236 $142,761.00 $616.90 $0.00 $807.19 $144,185.09
237 $144,185.09 $616.90 $0.00 $815.24 $145,617.23
238 $145,617.23 $616.90 $0.00 $823.34 $147,057.47
239 $147,057.47 $616.90 $0.00 $831.48 $148,505.85
240 $148,505.85 $616.90 $0.00 $839.67 $149,962.42
241 $149,962.42 $616.90 $79,736.90 $847.91 $71,690.33
242 $71,690.33 $616.90 $0.00 $405.35 $72,712.58
243 $72,712.58 $616.90 $0.00 $411.13 $73,740.61
244 $73,740.61 $616.90 $0.00 $416.94 $74,774.45
245 $74,774.45 $616.90 $0.00 $422.79 $75,814.14
246 $75,814.14 $616.90 $0.00 $428.66 $76,859.70
247 $76,859.70 $616.90 $0.00 $434.58 $77,911.18
248 $77,911.18 $616.90 $0.00 $440.52 $78,968.60
249 $78,968.60 $616.90 $0.00 $446.50 $80,032.00
250 $80,032.00 $616.90 $0.00 $452.51 $81,101.41
251 $81,101.41 $616.90 $0.00 $458.56 $82,176.87
252 $82,176.87 $616.90 $0.00 $464.64 $83,258.41
253 $83,258.41 $0.00 $83,723.75 $470.76 $5.42