Savings Plan and Future Cost Estimation for New College of Florida

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$56,864
Monthly savings required$450

How much will it cost to send your child to New College of Florida in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $227,455.41 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $450.13 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$21,928.00
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 $450.13 $0.00 $0.00 $450.13
2 $450.13 $450.13 $0.00 $2.55 $902.81
3 $902.81 $450.13 $0.00 $5.10 $1,358.04
4 $1,358.04 $450.13 $0.00 $7.68 $1,815.85
5 $1,815.85 $450.13 $0.00 $10.27 $2,276.25
6 $2,276.25 $450.13 $0.00 $12.87 $2,739.25
7 $2,739.25 $450.13 $0.00 $15.49 $3,204.87
8 $3,204.87 $450.13 $0.00 $18.12 $3,673.12
9 $3,673.12 $450.13 $0.00 $20.77 $4,144.02
10 $4,144.02 $450.13 $0.00 $23.43 $4,617.58
11 $4,617.58 $450.13 $0.00 $26.11 $5,093.82
12 $5,093.82 $450.13 $0.00 $28.80 $5,572.75
13 $5,572.75 $450.13 $0.00 $31.51 $6,054.39
14 $6,054.39 $450.13 $0.00 $34.23 $6,538.75
15 $6,538.75 $450.13 $0.00 $36.97 $7,025.85
16 $7,025.85 $450.13 $0.00 $39.73 $7,515.71
17 $7,515.71 $450.13 $0.00 $42.49 $8,008.33
18 $8,008.33 $450.13 $0.00 $45.28 $8,503.74
19 $8,503.74 $450.13 $0.00 $48.08 $9,001.95
20 $9,001.95 $450.13 $0.00 $50.90 $9,502.98
21 $9,502.98 $450.13 $0.00 $53.73 $10,006.84
22 $10,006.84 $450.13 $0.00 $56.58 $10,513.55
23 $10,513.55 $450.13 $0.00 $59.45 $11,023.13
24 $11,023.13 $450.13 $0.00 $62.33 $11,535.59
25 $11,535.59 $450.13 $0.00 $65.22 $12,050.94
26 $12,050.94 $450.13 $0.00 $68.14 $12,569.21
27 $12,569.21 $450.13 $0.00 $71.07 $13,090.41
28 $13,090.41 $450.13 $0.00 $74.02 $13,614.56
29 $13,614.56 $450.13 $0.00 $76.98 $14,141.67
30 $14,141.67 $450.13 $0.00 $79.96 $14,671.76
31 $14,671.76 $450.13 $0.00 $82.96 $15,204.85
32 $15,204.85 $450.13 $0.00 $85.97 $15,740.95
33 $15,740.95 $450.13 $0.00 $89.00 $16,280.08
34 $16,280.08 $450.13 $0.00 $92.05 $16,822.26
35 $16,822.26 $450.13 $0.00 $95.12 $17,367.51
36 $17,367.51 $450.13 $0.00 $98.20 $17,915.84
37 $17,915.84 $450.13 $0.00 $101.30 $18,467.27
38 $18,467.27 $450.13 $0.00 $104.42 $19,021.82
39 $19,021.82 $450.13 $0.00 $107.55 $19,579.50
40 $19,579.50 $450.13 $0.00 $110.71 $20,140.34
41 $20,140.34 $450.13 $0.00 $113.88 $20,704.35
42 $20,704.35 $450.13 $0.00 $117.07 $21,271.55
43 $21,271.55 $450.13 $0.00 $120.27 $21,841.95
44 $21,841.95 $450.13 $0.00 $123.50 $22,415.58
45 $22,415.58 $450.13 $0.00 $126.74 $22,992.45
46 $22,992.45 $450.13 $0.00 $130.00 $23,572.58
47 $23,572.58 $450.13 $0.00 $133.28 $24,155.99
48 $24,155.99 $450.13 $0.00 $136.58 $24,742.70
49 $24,742.70 $450.13 $0.00 $139.90 $25,332.73
50 $25,332.73 $450.13 $0.00 $143.23 $25,926.09
51 $25,926.09 $450.13 $0.00 $146.59 $26,522.81
52 $26,522.81 $450.13 $0.00 $149.96 $27,122.90
53 $27,122.90 $450.13 $0.00 $153.36 $27,726.39
54 $27,726.39 $450.13 $0.00 $156.77 $28,333.29
55 $28,333.29 $450.13 $0.00 $160.20 $28,943.62
56 $28,943.62 $450.13 $0.00 $163.65 $29,557.40
57 $29,557.40 $450.13 $0.00 $167.12 $30,174.65
58 $30,174.65 $450.13 $0.00 $170.61 $30,795.39
59 $30,795.39 $450.13 $0.00 $174.12 $31,419.64
60 $31,419.64 $450.13 $0.00 $177.65 $32,047.42
61 $32,047.42 $450.13 $0.00 $181.20 $32,678.75
62 $32,678.75 $450.13 $0.00 $184.77 $33,313.65
63 $33,313.65 $450.13 $0.00 $188.36 $33,952.14
64 $33,952.14 $450.13 $0.00 $191.97 $34,594.24
65 $34,594.24 $450.13 $0.00 $195.60 $35,239.97
66 $35,239.97 $450.13 $0.00 $199.25 $35,889.35
67 $35,889.35 $450.13 $0.00 $202.92 $36,542.40
68 $36,542.40 $450.13 $0.00 $206.62 $37,199.15
69 $37,199.15 $450.13 $0.00 $210.33 $37,859.61
70 $37,859.61 $450.13 $0.00 $214.06 $38,523.80
71 $38,523.80 $450.13 $0.00 $217.82 $39,191.75
72 $39,191.75 $450.13 $0.00 $221.60 $39,863.48
73 $39,863.48 $450.13 $0.00 $225.39 $40,539.00
74 $40,539.00 $450.13 $0.00 $229.21 $41,218.34
75 $41,218.34 $450.13 $0.00 $233.05 $41,901.52
76 $41,901.52 $450.13 $0.00 $236.92 $42,588.57
77 $42,588.57 $450.13 $0.00 $240.80 $43,279.50
78 $43,279.50 $450.13 $0.00 $244.71 $43,974.34
79 $43,974.34 $450.13 $0.00 $248.64 $44,673.11
80 $44,673.11 $450.13 $0.00 $252.59 $45,375.83
81 $45,375.83 $450.13 $0.00 $256.56 $46,082.52
82 $46,082.52 $450.13 $0.00 $260.56 $46,793.21
83 $46,793.21 $450.13 $0.00 $264.58 $47,507.92
84 $47,507.92 $450.13 $0.00 $268.62 $48,226.67
85 $48,226.67 $450.13 $0.00 $272.68 $48,949.48
86 $48,949.48 $450.13 $0.00 $276.77 $49,676.38
87 $49,676.38 $450.13 $0.00 $280.88 $50,407.39
88 $50,407.39 $450.13 $0.00 $285.01 $51,142.53
89 $51,142.53 $450.13 $0.00 $289.17 $51,881.83
90 $51,881.83 $450.13 $0.00 $293.35 $52,625.31
91 $52,625.31 $450.13 $0.00 $297.55 $53,372.99
92 $53,372.99 $450.13 $0.00 $301.78 $54,124.90
93 $54,124.90 $450.13 $0.00 $306.03 $54,881.06
94 $54,881.06 $450.13 $0.00 $310.31 $55,641.50
95 $55,641.50 $450.13 $0.00 $314.61 $56,406.24
96 $56,406.24 $450.13 $0.00 $318.93 $57,175.30
97 $57,175.30 $450.13 $0.00 $323.28 $57,948.71
98 $57,948.71 $450.13 $0.00 $327.65 $58,726.49
99 $58,726.49 $450.13 $0.00 $332.05 $59,508.67
100 $59,508.67 $450.13 $0.00 $336.47 $60,295.27
101 $60,295.27 $450.13 $0.00 $340.92 $61,086.32
102 $61,086.32 $450.13 $0.00 $345.39 $61,881.84
103 $61,881.84 $450.13 $0.00 $349.89 $62,681.86
104 $62,681.86 $450.13 $0.00 $354.41 $63,486.40
105 $63,486.40 $450.13 $0.00 $358.96 $64,295.49
106 $64,295.49 $450.13 $0.00 $363.54 $65,109.16
107 $65,109.16 $450.13 $0.00 $368.14 $65,927.43
108 $65,927.43 $450.13 $0.00 $372.76 $66,750.32
109 $66,750.32 $450.13 $0.00 $377.42 $67,577.87
110 $67,577.87 $450.13 $0.00 $382.10 $68,410.10
111 $68,410.10 $450.13 $0.00 $386.80 $69,247.03
112 $69,247.03 $450.13 $0.00 $391.53 $70,088.69
113 $70,088.69 $450.13 $0.00 $396.29 $70,935.11
114 $70,935.11 $450.13 $0.00 $401.08 $71,786.32
115 $71,786.32 $450.13 $0.00 $405.89 $72,642.34
116 $72,642.34 $450.13 $0.00 $410.73 $73,503.20
117 $73,503.20 $450.13 $0.00 $415.60 $74,368.93
118 $74,368.93 $450.13 $0.00 $420.49 $75,239.55
119 $75,239.55 $450.13 $0.00 $425.42 $76,115.10
120 $76,115.10 $450.13 $0.00 $430.37 $76,995.60
121 $76,995.60 $450.13 $0.00 $435.34 $77,881.07
122 $77,881.07 $450.13 $0.00 $440.35 $78,771.55
123 $78,771.55 $450.13 $0.00 $445.39 $79,667.07
124 $79,667.07 $450.13 $0.00 $450.45 $80,567.65
125 $80,567.65 $450.13 $0.00 $455.54 $81,473.32
126 $81,473.32 $450.13 $0.00 $460.66 $82,384.11
127 $82,384.11 $450.13 $0.00 $465.81 $83,300.05
128 $83,300.05 $450.13 $0.00 $470.99 $84,221.17
129 $84,221.17 $450.13 $0.00 $476.20 $85,147.50
130 $85,147.50 $450.13 $0.00 $481.44 $86,079.07
131 $86,079.07 $450.13 $0.00 $486.70 $87,015.90
132 $87,015.90 $450.13 $0.00 $492.00 $87,958.03
133 $87,958.03 $450.13 $0.00 $497.33 $88,905.49
134 $88,905.49 $450.13 $0.00 $502.68 $89,858.30
135 $89,858.30 $450.13 $0.00 $508.07 $90,816.50
136 $90,816.50 $450.13 $0.00 $513.49 $91,780.12
137 $91,780.12 $450.13 $0.00 $518.94 $92,749.19
138 $92,749.19 $450.13 $0.00 $524.42 $93,723.74
139 $93,723.74 $450.13 $0.00 $529.93 $94,703.80
140 $94,703.80 $450.13 $0.00 $535.47 $95,689.40
141 $95,689.40 $450.13 $0.00 $541.04 $96,680.57
142 $96,680.57 $450.13 $0.00 $546.65 $97,677.35
143 $97,677.35 $450.13 $0.00 $552.28 $98,679.76
144 $98,679.76 $450.13 $0.00 $557.95 $99,687.84
145 $99,687.84 $450.13 $0.00 $563.65 $100,701.62
146 $100,701.62 $450.13 $0.00 $569.38 $101,721.13
147 $101,721.13 $450.13 $0.00 $575.15 $102,746.41
148 $102,746.41 $450.13 $0.00 $580.94 $103,777.48
149 $103,777.48 $450.13 $0.00 $586.77 $104,814.38
150 $104,814.38 $450.13 $0.00 $592.64 $105,857.15
151 $105,857.15 $450.13 $0.00 $598.53 $106,905.81
152 $106,905.81 $450.13 $0.00 $604.46 $107,960.40
153 $107,960.40 $450.13 $0.00 $610.42 $109,020.95
154 $109,020.95 $450.13 $0.00 $616.42 $110,087.50
155 $110,087.50 $450.13 $0.00 $622.45 $111,160.08
156 $111,160.08 $450.13 $0.00 $628.52 $112,238.73
157 $112,238.73 $450.13 $0.00 $634.61 $113,323.47
158 $113,323.47 $450.13 $0.00 $640.75 $114,414.35
159 $114,414.35 $450.13 $0.00 $646.92 $115,511.40
160 $115,511.40 $450.13 $0.00 $653.12 $116,614.65
161 $116,614.65 $450.13 $0.00 $659.36 $117,724.14
162 $117,724.14 $450.13 $0.00 $665.63 $118,839.90
163 $118,839.90 $450.13 $0.00 $671.94 $119,961.97
164 $119,961.97 $450.13 $0.00 $678.28 $121,090.38
165 $121,090.38 $450.13 $0.00 $684.66 $122,225.17
166 $122,225.17 $450.13 $0.00 $691.08 $123,366.38
167 $123,366.38 $450.13 $0.00 $697.53 $124,514.04
168 $124,514.04 $450.13 $0.00 $704.02 $125,668.19
169 $125,668.19 $450.13 $0.00 $710.55 $126,828.87
170 $126,828.87 $450.13 $0.00 $717.11 $127,996.11
171 $127,996.11 $450.13 $0.00 $723.71 $129,169.95
172 $129,169.95 $450.13 $0.00 $730.35 $130,350.43
173 $130,350.43 $450.13 $0.00 $737.02 $131,537.58
174 $131,537.58 $450.13 $0.00 $743.73 $132,731.44
175 $132,731.44 $450.13 $0.00 $750.48 $133,932.05
176 $133,932.05 $450.13 $0.00 $757.27 $135,139.45
177 $135,139.45 $450.13 $0.00 $764.10 $136,353.68
178 $136,353.68 $450.13 $0.00 $770.96 $137,574.77
179 $137,574.77 $450.13 $0.00 $777.87 $138,802.77
180 $138,802.77 $450.13 $0.00 $784.81 $140,037.71
181 $140,037.71 $450.13 $0.00 $791.79 $141,279.63
182 $141,279.63 $450.13 $0.00 $798.82 $142,528.58
183 $142,528.58 $450.13 $0.00 $805.88 $143,784.59
184 $143,784.59 $450.13 $0.00 $812.98 $145,047.70
185 $145,047.70 $450.13 $0.00 $820.12 $146,317.95
186 $146,317.95 $450.13 $0.00 $827.30 $147,595.38
187 $147,595.38 $450.13 $0.00 $834.53 $148,880.04
188 $148,880.04 $450.13 $0.00 $841.79 $150,171.96
189 $150,171.96 $450.13 $0.00 $849.09 $151,471.18
190 $151,471.18 $450.13 $0.00 $856.44 $152,777.75
191 $152,777.75 $450.13 $0.00 $863.83 $154,091.71
192 $154,091.71 $450.13 $0.00 $871.26 $155,413.10
193 $155,413.10 $450.13 $0.00 $878.73 $156,741.96
194 $156,741.96 $450.13 $0.00 $886.24 $158,078.33
195 $158,078.33 $450.13 $0.00 $893.80 $159,422.26
196 $159,422.26 $450.13 $0.00 $901.40 $160,773.79
197 $160,773.79 $450.13 $0.00 $909.04 $162,132.96
198 $162,132.96 $450.13 $0.00 $916.72 $163,499.81
199 $163,499.81 $450.13 $0.00 $924.45 $164,874.39
200 $164,874.39 $450.13 $0.00 $932.22 $166,256.74
201 $166,256.74 $450.13 $0.00 $940.04 $167,646.91
202 $167,646.91 $450.13 $0.00 $947.90 $169,044.94
203 $169,044.94 $450.13 $0.00 $955.80 $170,450.87
204 $170,450.87 $450.13 $0.00 $963.75 $171,864.75
205 $171,864.75 $450.13 $0.00 $971.75 $173,286.63
206 $173,286.63 $450.13 $0.00 $979.79 $174,716.55
207 $174,716.55 $450.13 $0.00 $987.87 $176,154.55
208 $176,154.55 $450.13 $0.00 $996.00 $177,600.68
209 $177,600.68 $450.13 $0.00 $1,004.18 $179,054.99
210 $179,054.99 $450.13 $0.00 $1,012.40 $180,517.52
211 $180,517.52 $450.13 $0.00 $1,020.67 $181,988.32
212 $181,988.32 $450.13 $0.00 $1,028.99 $183,467.44
213 $183,467.44 $450.13 $0.00 $1,037.35 $184,954.92
214 $184,954.92 $450.13 $0.00 $1,045.76 $186,450.81
215 $186,450.81 $450.13 $0.00 $1,054.22 $187,955.16
216 $187,955.16 $450.13 $0.00 $1,062.73 $189,468.02
217 $189,468.02 $450.13 $52,772.35 $1,071.28 $138,217.08
218 $138,217.08 $450.13 $0.00 $781.50 $139,448.71
219 $139,448.71 $450.13 $0.00 $788.46 $140,687.30
220 $140,687.30 $450.13 $0.00 $795.47 $141,932.90
221 $141,932.90 $450.13 $0.00 $802.51 $143,185.54
222 $143,185.54 $450.13 $0.00 $809.59 $144,445.26
223 $144,445.26 $450.13 $0.00 $816.71 $145,712.10
224 $145,712.10 $450.13 $0.00 $823.88 $146,986.11
225 $146,986.11 $450.13 $0.00 $831.08 $148,267.32
226 $148,267.32 $450.13 $0.00 $838.32 $149,555.77
227 $149,555.77 $450.13 $0.00 $845.61 $150,851.51
228 $150,851.51 $450.13 $0.00 $852.94 $152,154.58
229 $152,154.58 $450.13 $55,410.96 $860.30 $98,054.05
230 $98,054.05 $450.13 $0.00 $554.41 $99,058.59
231 $99,058.59 $450.13 $0.00 $560.09 $100,068.81
232 $100,068.81 $450.13 $0.00 $565.80 $101,084.74
233 $101,084.74 $450.13 $0.00 $571.55 $102,106.42
234 $102,106.42 $450.13 $0.00 $577.32 $103,133.87
235 $103,133.87 $450.13 $0.00 $583.13 $104,167.13
236 $104,167.13 $450.13 $0.00 $588.98 $105,206.24
237 $105,206.24 $450.13 $0.00 $594.85 $106,251.22
238 $106,251.22 $450.13 $0.00 $600.76 $107,302.11
239 $107,302.11 $450.13 $0.00 $606.70 $108,358.94
240 $108,358.94 $450.13 $0.00 $612.68 $109,421.75
241 $109,421.75 $450.13 $58,181.51 $618.69 $52,309.06
242 $52,309.06 $450.13 $0.00 $295.76 $53,054.95
243 $53,054.95 $450.13 $0.00 $299.98 $53,805.06
244 $53,805.06 $450.13 $0.00 $304.22 $54,559.41
245 $54,559.41 $450.13 $0.00 $308.49 $55,318.03
246 $55,318.03 $450.13 $0.00 $312.78 $56,080.94
247 $56,080.94 $450.13 $0.00 $317.09 $56,848.16
248 $56,848.16 $450.13 $0.00 $321.43 $57,619.72
249 $57,619.72 $450.13 $0.00 $325.79 $58,395.64
250 $58,395.64 $450.13 $0.00 $330.18 $59,175.95
251 $59,175.95 $450.13 $0.00 $334.59 $59,960.67
252 $59,960.67 $450.13 $0.00 $339.03 $60,749.83
253 $60,749.83 $0.00 $61,090.59 $343.49 $2.73