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 2040$69,184
Monthly savings required$548

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 $276,736.72 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $547.65 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$26,679.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Miami Dade College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $547.65 $0.00 $0.00 $547.65
2 $547.65 $547.65 $0.00 $3.10 $1,098.40
3 $1,098.40 $547.65 $0.00 $6.21 $1,652.26
4 $1,652.26 $547.65 $0.00 $9.34 $2,209.25
5 $2,209.25 $547.65 $0.00 $12.49 $2,769.39
6 $2,769.39 $547.65 $0.00 $15.66 $3,332.70
7 $3,332.70 $547.65 $0.00 $18.84 $3,899.19
8 $3,899.19 $547.65 $0.00 $22.05 $4,468.89
9 $4,468.89 $547.65 $0.00 $25.27 $5,041.81
10 $5,041.81 $547.65 $0.00 $28.51 $5,617.97
11 $5,617.97 $547.65 $0.00 $31.76 $6,197.38
12 $6,197.38 $547.65 $0.00 $35.04 $6,780.07
13 $6,780.07 $547.65 $0.00 $38.34 $7,366.06
14 $7,366.06 $547.65 $0.00 $41.65 $7,955.36
15 $7,955.36 $547.65 $0.00 $44.98 $8,547.99
16 $8,547.99 $547.65 $0.00 $48.33 $9,143.97
17 $9,143.97 $547.65 $0.00 $51.70 $9,743.32
18 $9,743.32 $547.65 $0.00 $55.09 $10,346.06
19 $10,346.06 $547.65 $0.00 $58.50 $10,952.21
20 $10,952.21 $547.65 $0.00 $61.93 $11,561.79
21 $11,561.79 $547.65 $0.00 $65.37 $12,174.81
22 $12,174.81 $547.65 $0.00 $68.84 $12,791.30
23 $12,791.30 $547.65 $0.00 $72.32 $13,411.27
24 $13,411.27 $547.65 $0.00 $75.83 $14,034.75
25 $14,034.75 $547.65 $0.00 $79.35 $14,661.75
26 $14,661.75 $547.65 $0.00 $82.90 $15,292.30
27 $15,292.30 $547.65 $0.00 $86.46 $15,926.41
28 $15,926.41 $547.65 $0.00 $90.05 $16,564.11
29 $16,564.11 $547.65 $0.00 $93.66 $17,205.42
30 $17,205.42 $547.65 $0.00 $97.28 $17,850.35
31 $17,850.35 $547.65 $0.00 $100.93 $18,498.93
32 $18,498.93 $547.65 $0.00 $104.60 $19,151.18
33 $19,151.18 $547.65 $0.00 $108.28 $19,807.11
34 $19,807.11 $547.65 $0.00 $111.99 $20,466.75
35 $20,466.75 $547.65 $0.00 $115.72 $21,130.12
36 $21,130.12 $547.65 $0.00 $119.47 $21,797.24
37 $21,797.24 $547.65 $0.00 $123.24 $22,468.13
38 $22,468.13 $547.65 $0.00 $127.04 $23,142.82
39 $23,142.82 $547.65 $0.00 $130.85 $23,821.32
40 $23,821.32 $547.65 $0.00 $134.69 $24,503.66
41 $24,503.66 $547.65 $0.00 $138.55 $25,189.86
42 $25,189.86 $547.65 $0.00 $142.43 $25,879.94
43 $25,879.94 $547.65 $0.00 $146.33 $26,573.92
44 $26,573.92 $547.65 $0.00 $150.25 $27,271.82
45 $27,271.82 $547.65 $0.00 $154.20 $27,973.67
46 $27,973.67 $547.65 $0.00 $158.17 $28,679.49
47 $28,679.49 $547.65 $0.00 $162.16 $29,389.30
48 $29,389.30 $547.65 $0.00 $166.17 $30,103.12
49 $30,103.12 $547.65 $0.00 $170.21 $30,820.98
50 $30,820.98 $547.65 $0.00 $174.27 $31,542.90
51 $31,542.90 $547.65 $0.00 $178.35 $32,268.90
52 $32,268.90 $547.65 $0.00 $182.45 $32,999.00
53 $32,999.00 $547.65 $0.00 $186.58 $33,733.23
54 $33,733.23 $547.65 $0.00 $190.73 $34,471.61
55 $34,471.61 $547.65 $0.00 $194.91 $35,214.17
56 $35,214.17 $547.65 $0.00 $199.11 $35,960.93
57 $35,960.93 $547.65 $0.00 $203.33 $36,711.91
58 $36,711.91 $547.65 $0.00 $207.57 $37,467.13
59 $37,467.13 $547.65 $0.00 $211.84 $38,226.62
60 $38,226.62 $547.65 $0.00 $216.14 $38,990.41
61 $38,990.41 $547.65 $0.00 $220.46 $39,758.52
62 $39,758.52 $547.65 $0.00 $224.80 $40,530.97
63 $40,530.97 $547.65 $0.00 $229.17 $41,307.79
64 $41,307.79 $547.65 $0.00 $233.56 $42,089.00
65 $42,089.00 $547.65 $0.00 $237.98 $42,874.63
66 $42,874.63 $547.65 $0.00 $242.42 $43,664.70
67 $43,664.70 $547.65 $0.00 $246.89 $44,459.24
68 $44,459.24 $547.65 $0.00 $251.38 $45,258.27
69 $45,258.27 $547.65 $0.00 $255.90 $46,061.82
70 $46,061.82 $547.65 $0.00 $260.44 $46,869.91
71 $46,869.91 $547.65 $0.00 $265.01 $47,682.57
72 $47,682.57 $547.65 $0.00 $269.60 $48,499.82
73 $48,499.82 $547.65 $0.00 $274.23 $49,321.70
74 $49,321.70 $547.65 $0.00 $278.87 $50,148.22
75 $50,148.22 $547.65 $0.00 $283.55 $50,979.42
76 $50,979.42 $547.65 $0.00 $288.25 $51,815.32
77 $51,815.32 $547.65 $0.00 $292.97 $52,655.94
78 $52,655.94 $547.65 $0.00 $297.72 $53,501.31
79 $53,501.31 $547.65 $0.00 $302.50 $54,351.46
80 $54,351.46 $547.65 $0.00 $307.31 $55,206.42
81 $55,206.42 $547.65 $0.00 $312.15 $56,066.22
82 $56,066.22 $547.65 $0.00 $317.01 $56,930.88
83 $56,930.88 $547.65 $0.00 $321.90 $57,800.43
84 $57,800.43 $547.65 $0.00 $326.81 $58,674.89
85 $58,674.89 $547.65 $0.00 $331.76 $59,554.30
86 $59,554.30 $547.65 $0.00 $336.73 $60,438.68
87 $60,438.68 $547.65 $0.00 $341.73 $61,328.06
88 $61,328.06 $547.65 $0.00 $346.76 $62,222.47
89 $62,222.47 $547.65 $0.00 $351.81 $63,121.93
90 $63,121.93 $547.65 $0.00 $356.90 $64,026.48
91 $64,026.48 $547.65 $0.00 $362.02 $64,936.15
92 $64,936.15 $547.65 $0.00 $367.16 $65,850.96
93 $65,850.96 $547.65 $0.00 $372.33 $66,770.94
94 $66,770.94 $547.65 $0.00 $377.53 $67,696.12
95 $67,696.12 $547.65 $0.00 $382.76 $68,626.53
96 $68,626.53 $547.65 $0.00 $388.02 $69,562.20
97 $69,562.20 $547.65 $0.00 $393.31 $70,503.16
98 $70,503.16 $547.65 $0.00 $398.64 $71,449.45
99 $71,449.45 $547.65 $0.00 $403.99 $72,401.09
100 $72,401.09 $547.65 $0.00 $409.37 $73,358.11
101 $73,358.11 $547.65 $0.00 $414.78 $74,320.54
102 $74,320.54 $547.65 $0.00 $420.22 $75,288.41
103 $75,288.41 $547.65 $0.00 $425.69 $76,261.75
104 $76,261.75 $547.65 $0.00 $431.20 $77,240.60
105 $77,240.60 $547.65 $0.00 $436.73 $78,224.98
106 $78,224.98 $547.65 $0.00 $442.30 $79,214.93
107 $79,214.93 $547.65 $0.00 $447.89 $80,210.47
108 $80,210.47 $547.65 $0.00 $453.52 $81,211.64
109 $81,211.64 $547.65 $0.00 $459.18 $82,218.47
110 $82,218.47 $547.65 $0.00 $464.88 $83,231.00
111 $83,231.00 $547.65 $0.00 $470.60 $84,249.25
112 $84,249.25 $547.65 $0.00 $476.36 $85,273.26
113 $85,273.26 $547.65 $0.00 $482.15 $86,303.06
114 $86,303.06 $547.65 $0.00 $487.97 $87,338.68
115 $87,338.68 $547.65 $0.00 $493.83 $88,380.16
116 $88,380.16 $547.65 $0.00 $499.71 $89,427.52
117 $89,427.52 $547.65 $0.00 $505.64 $90,480.81
118 $90,480.81 $547.65 $0.00 $511.59 $91,540.05
119 $91,540.05 $547.65 $0.00 $517.58 $92,605.28
120 $92,605.28 $547.65 $0.00 $523.60 $93,676.53
121 $93,676.53 $547.65 $0.00 $529.66 $94,753.84
122 $94,753.84 $547.65 $0.00 $535.75 $95,837.24
123 $95,837.24 $547.65 $0.00 $541.88 $96,926.77
124 $96,926.77 $547.65 $0.00 $548.04 $98,022.46
125 $98,022.46 $547.65 $0.00 $554.23 $99,124.34
126 $99,124.34 $547.65 $0.00 $560.46 $100,232.45
127 $100,232.45 $547.65 $0.00 $566.73 $101,346.83
128 $101,346.83 $547.65 $0.00 $573.03 $102,467.51
129 $102,467.51 $547.65 $0.00 $579.37 $103,594.53
130 $103,594.53 $547.65 $0.00 $585.74 $104,727.92
131 $104,727.92 $547.65 $0.00 $592.15 $105,867.72
132 $105,867.72 $547.65 $0.00 $598.59 $107,013.96
133 $107,013.96 $547.65 $0.00 $605.07 $108,166.68
134 $108,166.68 $547.65 $0.00 $611.59 $109,325.92
135 $109,325.92 $547.65 $0.00 $618.14 $110,491.71
136 $110,491.71 $547.65 $0.00 $624.74 $111,664.10
137 $111,664.10 $547.65 $0.00 $631.37 $112,843.12
138 $112,843.12 $547.65 $0.00 $638.03 $114,028.80
139 $114,028.80 $547.65 $0.00 $644.74 $115,221.19
140 $115,221.19 $547.65 $0.00 $651.48 $116,420.32
141 $116,420.32 $547.65 $0.00 $658.26 $117,626.23
142 $117,626.23 $547.65 $0.00 $665.08 $118,838.96
143 $118,838.96 $547.65 $0.00 $671.93 $120,058.54
144 $120,058.54 $547.65 $0.00 $678.83 $121,285.02
145 $121,285.02 $547.65 $0.00 $685.76 $122,518.43
146 $122,518.43 $547.65 $0.00 $692.74 $123,758.82
147 $123,758.82 $547.65 $0.00 $699.75 $125,006.22
148 $125,006.22 $547.65 $0.00 $706.80 $126,260.67
149 $126,260.67 $547.65 $0.00 $713.90 $127,522.22
150 $127,522.22 $547.65 $0.00 $721.03 $128,790.90
151 $128,790.90 $547.65 $0.00 $728.20 $130,066.75
152 $130,066.75 $547.65 $0.00 $735.42 $131,349.82
153 $131,349.82 $547.65 $0.00 $742.67 $132,640.14
154 $132,640.14 $547.65 $0.00 $749.97 $133,937.76
155 $133,937.76 $547.65 $0.00 $757.30 $135,242.71
156 $135,242.71 $547.65 $0.00 $764.68 $136,555.04
157 $136,555.04 $547.65 $0.00 $772.10 $137,874.79
158 $137,874.79 $547.65 $0.00 $779.56 $139,202.00
159 $139,202.00 $547.65 $0.00 $787.07 $140,536.72
160 $140,536.72 $547.65 $0.00 $794.62 $141,878.99
161 $141,878.99 $547.65 $0.00 $802.20 $143,228.84
162 $143,228.84 $547.65 $0.00 $809.84 $144,586.33
163 $144,586.33 $547.65 $0.00 $817.51 $145,951.49
164 $145,951.49 $547.65 $0.00 $825.23 $147,324.37
165 $147,324.37 $547.65 $0.00 $832.99 $148,705.01
166 $148,705.01 $547.65 $0.00 $840.80 $150,093.46
167 $150,093.46 $547.65 $0.00 $848.65 $151,489.76
168 $151,489.76 $547.65 $0.00 $856.55 $152,893.96
169 $152,893.96 $547.65 $0.00 $864.48 $154,306.09
170 $154,306.09 $547.65 $0.00 $872.47 $155,726.21
171 $155,726.21 $547.65 $0.00 $880.50 $157,154.36
172 $157,154.36 $547.65 $0.00 $888.57 $158,590.58
173 $158,590.58 $547.65 $0.00 $896.69 $160,034.92
174 $160,034.92 $547.65 $0.00 $904.86 $161,487.43
175 $161,487.43 $547.65 $0.00 $913.07 $162,948.15
176 $162,948.15 $547.65 $0.00 $921.33 $164,417.13
177 $164,417.13 $547.65 $0.00 $929.64 $165,894.42
178 $165,894.42 $547.65 $0.00 $937.99 $167,380.06
179 $167,380.06 $547.65 $0.00 $946.39 $168,874.10
180 $168,874.10 $547.65 $0.00 $954.84 $170,376.59
181 $170,376.59 $547.65 $0.00 $963.33 $171,887.57
182 $171,887.57 $547.65 $0.00 $971.88 $173,407.10
183 $173,407.10 $547.65 $0.00 $980.47 $174,935.22
184 $174,935.22 $547.65 $0.00 $989.11 $176,471.98
185 $176,471.98 $547.65 $0.00 $997.80 $178,017.43
186 $178,017.43 $547.65 $0.00 $1,006.54 $179,571.62
187 $179,571.62 $547.65 $0.00 $1,015.32 $181,134.59
188 $181,134.59 $547.65 $0.00 $1,024.16 $182,706.40
189 $182,706.40 $547.65 $0.00 $1,033.05 $184,287.10
190 $184,287.10 $547.65 $0.00 $1,041.99 $185,876.74
191 $185,876.74 $547.65 $0.00 $1,050.97 $187,475.36
192 $187,475.36 $547.65 $0.00 $1,060.01 $189,083.02
193 $189,083.02 $547.65 $0.00 $1,069.10 $190,699.77
194 $190,699.77 $547.65 $0.00 $1,078.24 $192,325.66
195 $192,325.66 $547.65 $0.00 $1,087.44 $193,960.75
196 $193,960.75 $547.65 $0.00 $1,096.68 $195,605.08
197 $195,605.08 $547.65 $0.00 $1,105.98 $197,258.71
198 $197,258.71 $547.65 $0.00 $1,115.33 $198,921.69
199 $198,921.69 $547.65 $0.00 $1,124.73 $200,594.07
200 $200,594.07 $547.65 $0.00 $1,134.19 $202,275.91
201 $202,275.91 $547.65 $0.00 $1,143.70 $203,967.26
202 $203,967.26 $547.65 $0.00 $1,153.26 $205,668.17
203 $205,668.17 $547.65 $0.00 $1,162.88 $207,378.70
204 $207,378.70 $547.65 $0.00 $1,172.55 $209,098.90
205 $209,098.90 $547.65 $0.00 $1,182.28 $210,828.83
206 $210,828.83 $547.65 $0.00 $1,192.06 $212,568.54
207 $212,568.54 $547.65 $0.00 $1,201.89 $214,318.08
208 $214,318.08 $547.65 $0.00 $1,211.79 $216,077.52
209 $216,077.52 $547.65 $0.00 $1,221.73 $217,846.90
210 $217,846.90 $547.65 $0.00 $1,231.74 $219,626.29
211 $219,626.29 $547.65 $0.00 $1,241.80 $221,415.74
212 $221,415.74 $547.65 $0.00 $1,251.92 $223,215.31
213 $223,215.31 $547.65 $0.00 $1,262.09 $225,025.05
214 $225,025.05 $547.65 $0.00 $1,272.32 $226,845.02
215 $226,845.02 $547.65 $0.00 $1,282.61 $228,675.28
216 $228,675.28 $547.65 $0.00 $1,292.96 $230,515.89
217 $230,515.89 $547.65 $64,206.19 $1,303.37 $168,160.72
218 $168,160.72 $547.65 $0.00 $950.81 $169,659.18
219 $169,659.18 $547.65 $0.00 $959.28 $171,166.11
220 $171,166.11 $547.65 $0.00 $967.80 $172,681.56
221 $172,681.56 $547.65 $0.00 $976.37 $174,205.58
222 $174,205.58 $547.65 $0.00 $984.98 $175,738.21
223 $175,738.21 $547.65 $0.00 $993.65 $177,279.51
224 $177,279.51 $547.65 $0.00 $1,002.36 $178,829.52
225 $178,829.52 $547.65 $0.00 $1,011.13 $180,388.30
226 $180,388.30 $547.65 $0.00 $1,019.94 $181,955.89
227 $181,955.89 $547.65 $0.00 $1,028.81 $183,532.35
228 $183,532.35 $547.65 $0.00 $1,037.72 $185,117.72
229 $185,117.72 $547.65 $67,416.50 $1,046.68 $119,295.55
230 $119,295.55 $547.65 $0.00 $674.51 $120,517.71
231 $120,517.71 $547.65 $0.00 $681.42 $121,746.78
232 $121,746.78 $547.65 $0.00 $688.37 $122,982.80
233 $122,982.80 $547.65 $0.00 $695.36 $124,225.81
234 $124,225.81 $547.65 $0.00 $702.39 $125,475.85
235 $125,475.85 $547.65 $0.00 $709.46 $126,732.96
236 $126,732.96 $547.65 $0.00 $716.57 $127,997.18
237 $127,997.18 $547.65 $0.00 $723.71 $129,268.54
238 $129,268.54 $547.65 $0.00 $730.90 $130,547.09
239 $130,547.09 $547.65 $0.00 $738.13 $131,832.87
240 $131,832.87 $547.65 $0.00 $745.40 $133,125.92
241 $133,125.92 $547.65 $70,787.33 $752.71 $63,638.95
242 $63,638.95 $547.65 $0.00 $359.82 $64,546.42
243 $64,546.42 $547.65 $0.00 $364.95 $65,459.02
244 $65,459.02 $547.65 $0.00 $370.11 $66,376.78
245 $66,376.78 $547.65 $0.00 $375.30 $67,299.73
246 $67,299.73 $547.65 $0.00 $380.52 $68,227.90
247 $68,227.90 $547.65 $0.00 $385.77 $69,161.32
248 $69,161.32 $547.65 $0.00 $391.05 $70,100.02
249 $70,100.02 $547.65 $0.00 $396.36 $71,044.03
250 $71,044.03 $547.65 $0.00 $401.69 $71,993.37
251 $71,993.37 $547.65 $0.00 $407.06 $72,948.08
252 $72,948.08 $547.65 $0.00 $412.46 $73,908.19
253 $73,908.19 $0.00 $74,326.70 $417.89 ($0.62)