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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$46,390
Monthly savings required$367

How much will it cost to send your child to Northwest Florida State College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $185,559.55 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $367.22 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$17,889.00
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 $367.22 $0.00 $0.00 $367.22
2 $367.22 $367.22 $0.00 $2.08 $736.52
3 $736.52 $367.22 $0.00 $4.16 $1,107.90
4 $1,107.90 $367.22 $0.00 $6.26 $1,481.38
5 $1,481.38 $367.22 $0.00 $8.38 $1,856.98
6 $1,856.98 $367.22 $0.00 $10.50 $2,234.70
7 $2,234.70 $367.22 $0.00 $12.64 $2,614.56
8 $2,614.56 $367.22 $0.00 $14.78 $2,996.56
9 $2,996.56 $367.22 $0.00 $16.94 $3,380.72
10 $3,380.72 $367.22 $0.00 $19.12 $3,767.06
11 $3,767.06 $367.22 $0.00 $21.30 $4,155.58
12 $4,155.58 $367.22 $0.00 $23.50 $4,546.30
13 $4,546.30 $367.22 $0.00 $25.71 $4,939.23
14 $4,939.23 $367.22 $0.00 $27.93 $5,334.38
15 $5,334.38 $367.22 $0.00 $30.16 $5,731.76
16 $5,731.76 $367.22 $0.00 $32.41 $6,131.39
17 $6,131.39 $367.22 $0.00 $34.67 $6,533.28
18 $6,533.28 $367.22 $0.00 $36.94 $6,937.44
19 $6,937.44 $367.22 $0.00 $39.23 $7,343.89
20 $7,343.89 $367.22 $0.00 $41.52 $7,752.63
21 $7,752.63 $367.22 $0.00 $43.83 $8,163.68
22 $8,163.68 $367.22 $0.00 $46.16 $8,577.06
23 $8,577.06 $367.22 $0.00 $48.50 $8,992.78
24 $8,992.78 $367.22 $0.00 $50.85 $9,410.85
25 $9,410.85 $367.22 $0.00 $53.21 $9,831.28
26 $9,831.28 $367.22 $0.00 $55.59 $10,254.09
27 $10,254.09 $367.22 $0.00 $57.98 $10,679.29
28 $10,679.29 $367.22 $0.00 $60.38 $11,106.89
29 $11,106.89 $367.22 $0.00 $62.80 $11,536.91
30 $11,536.91 $367.22 $0.00 $65.23 $11,969.36
31 $11,969.36 $367.22 $0.00 $67.68 $12,404.26
32 $12,404.26 $367.22 $0.00 $70.14 $12,841.62
33 $12,841.62 $367.22 $0.00 $72.61 $13,281.45
34 $13,281.45 $367.22 $0.00 $75.10 $13,723.77
35 $13,723.77 $367.22 $0.00 $77.60 $14,168.59
36 $14,168.59 $367.22 $0.00 $80.11 $14,615.92
37 $14,615.92 $367.22 $0.00 $82.64 $15,065.78
38 $15,065.78 $367.22 $0.00 $85.18 $15,518.18
39 $15,518.18 $367.22 $0.00 $87.74 $15,973.14
40 $15,973.14 $367.22 $0.00 $90.31 $16,430.67
41 $16,430.67 $367.22 $0.00 $92.90 $16,890.79
42 $16,890.79 $367.22 $0.00 $95.50 $17,353.51
43 $17,353.51 $367.22 $0.00 $98.12 $17,818.85
44 $17,818.85 $367.22 $0.00 $100.75 $18,286.82
45 $18,286.82 $367.22 $0.00 $103.40 $18,757.44
46 $18,757.44 $367.22 $0.00 $106.06 $19,230.72
47 $19,230.72 $367.22 $0.00 $108.73 $19,706.67
48 $19,706.67 $367.22 $0.00 $111.42 $20,185.31
49 $20,185.31 $367.22 $0.00 $114.13 $20,666.66
50 $20,666.66 $367.22 $0.00 $116.85 $21,150.73
51 $21,150.73 $367.22 $0.00 $119.59 $21,637.54
52 $21,637.54 $367.22 $0.00 $122.34 $22,127.10
53 $22,127.10 $367.22 $0.00 $125.11 $22,619.43
54 $22,619.43 $367.22 $0.00 $127.89 $23,114.54
55 $23,114.54 $367.22 $0.00 $130.69 $23,612.45
56 $23,612.45 $367.22 $0.00 $133.51 $24,113.18
57 $24,113.18 $367.22 $0.00 $136.34 $24,616.74
58 $24,616.74 $367.22 $0.00 $139.19 $25,123.15
59 $25,123.15 $367.22 $0.00 $142.05 $25,632.42
60 $25,632.42 $367.22 $0.00 $144.93 $26,144.57
61 $26,144.57 $367.22 $0.00 $147.83 $26,659.62
62 $26,659.62 $367.22 $0.00 $150.74 $27,177.58
63 $27,177.58 $367.22 $0.00 $153.67 $27,698.47
64 $27,698.47 $367.22 $0.00 $156.61 $28,222.30
65 $28,222.30 $367.22 $0.00 $159.57 $28,749.09
66 $28,749.09 $367.22 $0.00 $162.55 $29,278.86
67 $29,278.86 $367.22 $0.00 $165.55 $29,811.63
68 $29,811.63 $367.22 $0.00 $168.56 $30,347.41
69 $30,347.41 $367.22 $0.00 $171.59 $30,886.22
70 $30,886.22 $367.22 $0.00 $174.64 $31,428.08
71 $31,428.08 $367.22 $0.00 $177.70 $31,973.00
72 $31,973.00 $367.22 $0.00 $180.78 $32,521.00
73 $32,521.00 $367.22 $0.00 $183.88 $33,072.10
74 $33,072.10 $367.22 $0.00 $186.99 $33,626.31
75 $33,626.31 $367.22 $0.00 $190.13 $34,183.66
76 $34,183.66 $367.22 $0.00 $193.28 $34,744.16
77 $34,744.16 $367.22 $0.00 $196.45 $35,307.83
78 $35,307.83 $367.22 $0.00 $199.64 $35,874.69
79 $35,874.69 $367.22 $0.00 $202.84 $36,444.75
80 $36,444.75 $367.22 $0.00 $206.06 $37,018.03
81 $37,018.03 $367.22 $0.00 $209.31 $37,594.56
82 $37,594.56 $367.22 $0.00 $212.57 $38,174.35
83 $38,174.35 $367.22 $0.00 $215.84 $38,757.41
84 $38,757.41 $367.22 $0.00 $219.14 $39,343.77
85 $39,343.77 $367.22 $0.00 $222.46 $39,933.45
86 $39,933.45 $367.22 $0.00 $225.79 $40,526.46
87 $40,526.46 $367.22 $0.00 $229.14 $41,122.82
88 $41,122.82 $367.22 $0.00 $232.51 $41,722.55
89 $41,722.55 $367.22 $0.00 $235.91 $42,325.68
90 $42,325.68 $367.22 $0.00 $239.32 $42,932.22
91 $42,932.22 $367.22 $0.00 $242.75 $43,542.19
92 $43,542.19 $367.22 $0.00 $246.19 $44,155.60
93 $44,155.60 $367.22 $0.00 $249.66 $44,772.48
94 $44,772.48 $367.22 $0.00 $253.15 $45,392.85
95 $45,392.85 $367.22 $0.00 $256.66 $46,016.73
96 $46,016.73 $367.22 $0.00 $260.19 $46,644.14
97 $46,644.14 $367.22 $0.00 $263.73 $47,275.09
98 $47,275.09 $367.22 $0.00 $267.30 $47,909.61
99 $47,909.61 $367.22 $0.00 $270.89 $48,547.72
100 $48,547.72 $367.22 $0.00 $274.50 $49,189.44
101 $49,189.44 $367.22 $0.00 $278.12 $49,834.78
102 $49,834.78 $367.22 $0.00 $281.77 $50,483.77
103 $50,483.77 $367.22 $0.00 $285.44 $51,136.43
104 $51,136.43 $367.22 $0.00 $289.13 $51,792.78
105 $51,792.78 $367.22 $0.00 $292.84 $52,452.84
106 $52,452.84 $367.22 $0.00 $296.58 $53,116.64
107 $53,116.64 $367.22 $0.00 $300.33 $53,784.19
108 $53,784.19 $367.22 $0.00 $304.10 $54,455.51
109 $54,455.51 $367.22 $0.00 $307.90 $55,130.63
110 $55,130.63 $367.22 $0.00 $311.72 $55,809.57
111 $55,809.57 $367.22 $0.00 $315.56 $56,492.35
112 $56,492.35 $367.22 $0.00 $319.42 $57,178.99
113 $57,178.99 $367.22 $0.00 $323.30 $57,869.51
114 $57,869.51 $367.22 $0.00 $327.20 $58,563.93
115 $58,563.93 $367.22 $0.00 $331.13 $59,262.28
116 $59,262.28 $367.22 $0.00 $335.08 $59,964.58
117 $59,964.58 $367.22 $0.00 $339.05 $60,670.85
118 $60,670.85 $367.22 $0.00 $343.04 $61,381.11
119 $61,381.11 $367.22 $0.00 $347.06 $62,095.39
120 $62,095.39 $367.22 $0.00 $351.10 $62,813.71
121 $62,813.71 $367.22 $0.00 $355.16 $63,536.09
122 $63,536.09 $367.22 $0.00 $359.24 $64,262.55
123 $64,262.55 $367.22 $0.00 $363.35 $64,993.12
124 $64,993.12 $367.22 $0.00 $367.48 $65,727.82
125 $65,727.82 $367.22 $0.00 $371.63 $66,466.67
126 $66,466.67 $367.22 $0.00 $375.81 $67,209.70
127 $67,209.70 $367.22 $0.00 $380.01 $67,956.93
128 $67,956.93 $367.22 $0.00 $384.24 $68,708.39
129 $68,708.39 $367.22 $0.00 $388.49 $69,464.10
130 $69,464.10 $367.22 $0.00 $392.76 $70,224.08
131 $70,224.08 $367.22 $0.00 $397.06 $70,988.36
132 $70,988.36 $367.22 $0.00 $401.38 $71,756.96
133 $71,756.96 $367.22 $0.00 $405.72 $72,529.90
134 $72,529.90 $367.22 $0.00 $410.09 $73,307.21
135 $73,307.21 $367.22 $0.00 $414.49 $74,088.92
136 $74,088.92 $367.22 $0.00 $418.91 $74,875.05
137 $74,875.05 $367.22 $0.00 $423.35 $75,665.62
138 $75,665.62 $367.22 $0.00 $427.82 $76,460.66
139 $76,460.66 $367.22 $0.00 $432.32 $77,260.20
140 $77,260.20 $367.22 $0.00 $436.84 $78,064.26
141 $78,064.26 $367.22 $0.00 $441.39 $78,872.87
142 $78,872.87 $367.22 $0.00 $445.96 $79,686.05
143 $79,686.05 $367.22 $0.00 $450.56 $80,503.83
144 $80,503.83 $367.22 $0.00 $455.18 $81,326.23
145 $81,326.23 $367.22 $0.00 $459.83 $82,153.28
146 $82,153.28 $367.22 $0.00 $464.51 $82,985.01
147 $82,985.01 $367.22 $0.00 $469.21 $83,821.44
148 $83,821.44 $367.22 $0.00 $473.94 $84,662.60
149 $84,662.60 $367.22 $0.00 $478.69 $85,508.51
150 $85,508.51 $367.22 $0.00 $483.48 $86,359.21
151 $86,359.21 $367.22 $0.00 $488.29 $87,214.72
152 $87,214.72 $367.22 $0.00 $493.12 $88,075.06
153 $88,075.06 $367.22 $0.00 $497.99 $88,940.27
154 $88,940.27 $367.22 $0.00 $502.88 $89,810.37
155 $89,810.37 $367.22 $0.00 $507.80 $90,685.39
156 $90,685.39 $367.22 $0.00 $512.75 $91,565.36
157 $91,565.36 $367.22 $0.00 $517.72 $92,450.30
158 $92,450.30 $367.22 $0.00 $522.73 $93,340.25
159 $93,340.25 $367.22 $0.00 $527.76 $94,235.23
160 $94,235.23 $367.22 $0.00 $532.82 $95,135.27
161 $95,135.27 $367.22 $0.00 $537.91 $96,040.40
162 $96,040.40 $367.22 $0.00 $543.03 $96,950.65
163 $96,950.65 $367.22 $0.00 $548.17 $97,866.04
164 $97,866.04 $367.22 $0.00 $553.35 $98,786.61
165 $98,786.61 $367.22 $0.00 $558.55 $99,712.38
166 $99,712.38 $367.22 $0.00 $563.79 $100,643.39
167 $100,643.39 $367.22 $0.00 $569.05 $101,579.66
168 $101,579.66 $367.22 $0.00 $574.35 $102,521.23
169 $102,521.23 $367.22 $0.00 $579.67 $103,468.12
170 $103,468.12 $367.22 $0.00 $585.02 $104,420.36
171 $104,420.36 $367.22 $0.00 $590.41 $105,377.99
172 $105,377.99 $367.22 $0.00 $595.82 $106,341.03
173 $106,341.03 $367.22 $0.00 $601.27 $107,309.52
174 $107,309.52 $367.22 $0.00 $606.74 $108,283.48
175 $108,283.48 $367.22 $0.00 $612.25 $109,262.95
176 $109,262.95 $367.22 $0.00 $617.79 $110,247.96
177 $110,247.96 $367.22 $0.00 $623.36 $111,238.54
178 $111,238.54 $367.22 $0.00 $628.96 $112,234.72
179 $112,234.72 $367.22 $0.00 $634.59 $113,236.53
180 $113,236.53 $367.22 $0.00 $640.26 $114,244.01
181 $114,244.01 $367.22 $0.00 $645.95 $115,257.18
182 $115,257.18 $367.22 $0.00 $651.68 $116,276.08
183 $116,276.08 $367.22 $0.00 $657.44 $117,300.74
184 $117,300.74 $367.22 $0.00 $663.24 $118,331.20
185 $118,331.20 $367.22 $0.00 $669.06 $119,367.48
186 $119,367.48 $367.22 $0.00 $674.92 $120,409.62
187 $120,409.62 $367.22 $0.00 $680.81 $121,457.65
188 $121,457.65 $367.22 $0.00 $686.74 $122,511.61
189 $122,511.61 $367.22 $0.00 $692.70 $123,571.53
190 $123,571.53 $367.22 $0.00 $698.69 $124,637.44
191 $124,637.44 $367.22 $0.00 $704.72 $125,709.38
192 $125,709.38 $367.22 $0.00 $710.78 $126,787.38
193 $126,787.38 $367.22 $0.00 $716.87 $127,871.47
194 $127,871.47 $367.22 $0.00 $723.00 $128,961.69
195 $128,961.69 $367.22 $0.00 $729.17 $130,058.08
196 $130,058.08 $367.22 $0.00 $735.37 $131,160.67
197 $131,160.67 $367.22 $0.00 $741.60 $132,269.49
198 $132,269.49 $367.22 $0.00 $747.87 $133,384.58
199 $133,384.58 $367.22 $0.00 $754.18 $134,505.98
200 $134,505.98 $367.22 $0.00 $760.52 $135,633.72
201 $135,633.72 $367.22 $0.00 $766.89 $136,767.83
202 $136,767.83 $367.22 $0.00 $773.31 $137,908.36
203 $137,908.36 $367.22 $0.00 $779.75 $139,055.33
204 $139,055.33 $367.22 $0.00 $786.24 $140,208.79
205 $140,208.79 $367.22 $0.00 $792.76 $141,368.77
206 $141,368.77 $367.22 $0.00 $799.32 $142,535.31
207 $142,535.31 $367.22 $0.00 $805.92 $143,708.45
208 $143,708.45 $367.22 $0.00 $812.55 $144,888.22
209 $144,888.22 $367.22 $0.00 $819.22 $146,074.66
210 $146,074.66 $367.22 $0.00 $825.93 $147,267.81
211 $147,267.81 $367.22 $0.00 $832.67 $148,467.70
212 $148,467.70 $367.22 $0.00 $839.46 $149,674.38
213 $149,674.38 $367.22 $0.00 $846.28 $150,887.88
214 $150,887.88 $367.22 $0.00 $853.14 $152,108.24
215 $152,108.24 $367.22 $0.00 $860.04 $153,335.50
216 $153,335.50 $367.22 $0.00 $866.98 $154,569.70
217 $154,569.70 $367.22 $43,052.01 $873.96 $112,758.87
218 $112,758.87 $367.22 $0.00 $637.56 $113,763.65
219 $113,763.65 $367.22 $0.00 $643.24 $114,774.11
220 $114,774.11 $367.22 $0.00 $648.95 $115,790.28
221 $115,790.28 $367.22 $0.00 $654.70 $116,812.20
222 $116,812.20 $367.22 $0.00 $660.47 $117,839.89
223 $117,839.89 $367.22 $0.00 $666.28 $118,873.39
224 $118,873.39 $367.22 $0.00 $672.13 $119,912.74
225 $119,912.74 $367.22 $0.00 $678.00 $120,957.96
226 $120,957.96 $367.22 $0.00 $683.91 $122,009.09
227 $122,009.09 $367.22 $0.00 $689.86 $123,066.17
228 $123,066.17 $367.22 $0.00 $695.83 $124,129.22
229 $124,129.22 $367.22 $45,204.61 $701.84 $79,993.67
230 $79,993.67 $367.22 $0.00 $452.30 $80,813.19
231 $80,813.19 $367.22 $0.00 $456.93 $81,637.34
232 $81,637.34 $367.22 $0.00 $461.59 $82,466.15
233 $82,466.15 $367.22 $0.00 $466.28 $83,299.65
234 $83,299.65 $367.22 $0.00 $470.99 $84,137.86
235 $84,137.86 $367.22 $0.00 $475.73 $84,980.81
236 $84,980.81 $367.22 $0.00 $480.49 $85,828.52
237 $85,828.52 $367.22 $0.00 $485.29 $86,681.03
238 $86,681.03 $367.22 $0.00 $490.11 $87,538.36
239 $87,538.36 $367.22 $0.00 $494.95 $88,400.53
240 $88,400.53 $367.22 $0.00 $499.83 $89,267.58
241 $89,267.58 $367.22 $47,464.84 $504.73 $42,674.69
242 $42,674.69 $367.22 $0.00 $241.29 $43,283.20
243 $43,283.20 $367.22 $0.00 $244.73 $43,895.15
244 $43,895.15 $367.22 $0.00 $248.19 $44,510.56
245 $44,510.56 $367.22 $0.00 $251.67 $45,129.45
246 $45,129.45 $367.22 $0.00 $255.17 $45,751.84
247 $45,751.84 $367.22 $0.00 $258.69 $46,377.75
248 $46,377.75 $367.22 $0.00 $262.23 $47,007.20
249 $47,007.20 $367.22 $0.00 $265.79 $47,640.21
250 $47,640.21 $367.22 $0.00 $269.36 $48,276.79
251 $48,276.79 $367.22 $0.00 $272.96 $48,916.97
252 $48,916.97 $367.22 $0.00 $276.58 $49,560.77
253 $49,560.77 $0.00 $49,838.08 $280.22 $2.91