Savings Plan and Future Cost Estimation for Polk State College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$65,283
Monthly savings required$516

How much will it cost to send your child to Polk State College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $261,131.70 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $515.95 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$17,401.00
Years until enrollment18
Annual Tuition Increase7%
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 $515.95 $0.00 $0.00 $515.95
2 $515.95 $515.95 $0.00 $2.92 $1,034.82
3 $1,034.82 $515.95 $0.00 $5.85 $1,556.62
4 $1,556.62 $515.95 $0.00 $8.80 $2,081.37
5 $2,081.37 $515.95 $0.00 $11.77 $2,609.09
6 $2,609.09 $515.95 $0.00 $14.75 $3,139.79
7 $3,139.79 $515.95 $0.00 $17.75 $3,673.49
8 $3,673.49 $515.95 $0.00 $20.77 $4,210.21
9 $4,210.21 $515.95 $0.00 $23.81 $4,749.97
10 $4,749.97 $515.95 $0.00 $26.86 $5,292.78
11 $5,292.78 $515.95 $0.00 $29.93 $5,838.66
12 $5,838.66 $515.95 $0.00 $33.01 $6,387.62
13 $6,387.62 $515.95 $0.00 $36.12 $6,939.69
14 $6,939.69 $515.95 $0.00 $39.24 $7,494.88
15 $7,494.88 $515.95 $0.00 $42.38 $8,053.21
16 $8,053.21 $515.95 $0.00 $45.53 $8,614.69
17 $8,614.69 $515.95 $0.00 $48.71 $9,179.35
18 $9,179.35 $515.95 $0.00 $51.90 $9,747.20
19 $9,747.20 $515.95 $0.00 $55.11 $10,318.26
20 $10,318.26 $515.95 $0.00 $58.34 $10,892.55
21 $10,892.55 $515.95 $0.00 $61.59 $11,470.09
22 $11,470.09 $515.95 $0.00 $64.85 $12,050.89
23 $12,050.89 $515.95 $0.00 $68.14 $12,634.98
24 $12,634.98 $515.95 $0.00 $71.44 $13,222.37
25 $13,222.37 $515.95 $0.00 $74.76 $13,813.08
26 $13,813.08 $515.95 $0.00 $78.10 $14,407.13
27 $14,407.13 $515.95 $0.00 $81.46 $15,004.54
28 $15,004.54 $515.95 $0.00 $84.84 $15,605.33
29 $15,605.33 $515.95 $0.00 $88.23 $16,209.51
30 $16,209.51 $515.95 $0.00 $91.65 $16,817.11
31 $16,817.11 $515.95 $0.00 $95.09 $17,428.15
32 $17,428.15 $515.95 $0.00 $98.54 $18,042.64
33 $18,042.64 $515.95 $0.00 $102.02 $18,660.61
34 $18,660.61 $515.95 $0.00 $105.51 $19,282.07
35 $19,282.07 $515.95 $0.00 $109.02 $19,907.04
36 $19,907.04 $515.95 $0.00 $112.56 $20,535.55
37 $20,535.55 $515.95 $0.00 $116.11 $21,167.61
38 $21,167.61 $515.95 $0.00 $119.68 $21,803.24
39 $21,803.24 $515.95 $0.00 $123.28 $22,442.47
40 $22,442.47 $515.95 $0.00 $126.89 $23,085.31
41 $23,085.31 $515.95 $0.00 $130.53 $23,731.79
42 $23,731.79 $515.95 $0.00 $134.18 $24,381.92
43 $24,381.92 $515.95 $0.00 $137.86 $25,035.73
44 $25,035.73 $515.95 $0.00 $141.56 $25,693.24
45 $25,693.24 $515.95 $0.00 $145.27 $26,354.46
46 $26,354.46 $515.95 $0.00 $149.01 $27,019.42
47 $27,019.42 $515.95 $0.00 $152.77 $27,688.14
48 $27,688.14 $515.95 $0.00 $156.55 $28,360.64
49 $28,360.64 $515.95 $0.00 $160.36 $29,036.95
50 $29,036.95 $515.95 $0.00 $164.18 $29,717.08
51 $29,717.08 $515.95 $0.00 $168.02 $30,401.05
52 $30,401.05 $515.95 $0.00 $171.89 $31,088.89
53 $31,088.89 $515.95 $0.00 $175.78 $31,780.62
54 $31,780.62 $515.95 $0.00 $179.69 $32,476.26
55 $32,476.26 $515.95 $0.00 $183.63 $33,175.84
56 $33,175.84 $515.95 $0.00 $187.58 $33,879.37
57 $33,879.37 $515.95 $0.00 $191.56 $34,586.88
58 $34,586.88 $515.95 $0.00 $195.56 $35,298.39
59 $35,298.39 $515.95 $0.00 $199.58 $36,013.92
60 $36,013.92 $515.95 $0.00 $203.63 $36,733.50
61 $36,733.50 $515.95 $0.00 $207.70 $37,457.15
62 $37,457.15 $515.95 $0.00 $211.79 $38,184.89
63 $38,184.89 $515.95 $0.00 $215.90 $38,916.74
64 $38,916.74 $515.95 $0.00 $220.04 $39,652.73
65 $39,652.73 $515.95 $0.00 $224.20 $40,392.88
66 $40,392.88 $515.95 $0.00 $228.39 $41,137.22
67 $41,137.22 $515.95 $0.00 $232.60 $41,885.77
68 $41,885.77 $515.95 $0.00 $236.83 $42,638.55
69 $42,638.55 $515.95 $0.00 $241.08 $43,395.58
70 $43,395.58 $515.95 $0.00 $245.36 $44,156.89
71 $44,156.89 $515.95 $0.00 $249.67 $44,922.51
72 $44,922.51 $515.95 $0.00 $254.00 $45,692.46
73 $45,692.46 $515.95 $0.00 $258.35 $46,466.76
74 $46,466.76 $515.95 $0.00 $262.73 $47,245.44
75 $47,245.44 $515.95 $0.00 $267.13 $48,028.52
76 $48,028.52 $515.95 $0.00 $271.56 $48,816.03
77 $48,816.03 $515.95 $0.00 $276.01 $49,607.99
78 $49,607.99 $515.95 $0.00 $280.49 $50,404.43
79 $50,404.43 $515.95 $0.00 $284.99 $51,205.37
80 $51,205.37 $515.95 $0.00 $289.52 $52,010.84
81 $52,010.84 $515.95 $0.00 $294.08 $52,820.87
82 $52,820.87 $515.95 $0.00 $298.66 $53,635.48
83 $53,635.48 $515.95 $0.00 $303.26 $54,454.69
84 $54,454.69 $515.95 $0.00 $307.89 $55,278.53
85 $55,278.53 $515.95 $0.00 $312.55 $56,107.03
86 $56,107.03 $515.95 $0.00 $317.24 $56,940.22
87 $56,940.22 $515.95 $0.00 $321.95 $57,778.12
88 $57,778.12 $515.95 $0.00 $326.69 $58,620.76
89 $58,620.76 $515.95 $0.00 $331.45 $59,468.16
90 $59,468.16 $515.95 $0.00 $336.24 $60,320.35
91 $60,320.35 $515.95 $0.00 $341.06 $61,177.36
92 $61,177.36 $515.95 $0.00 $345.91 $62,039.22
93 $62,039.22 $515.95 $0.00 $350.78 $62,905.95
94 $62,905.95 $515.95 $0.00 $355.68 $63,777.58
95 $63,777.58 $515.95 $0.00 $360.61 $64,654.14
96 $64,654.14 $515.95 $0.00 $365.56 $65,535.65
97 $65,535.65 $515.95 $0.00 $370.55 $66,422.15
98 $66,422.15 $515.95 $0.00 $375.56 $67,313.66
99 $67,313.66 $515.95 $0.00 $380.60 $68,210.21
100 $68,210.21 $515.95 $0.00 $385.67 $69,111.83
101 $69,111.83 $515.95 $0.00 $390.77 $70,018.55
102 $70,018.55 $515.95 $0.00 $395.90 $70,930.40
103 $70,930.40 $515.95 $0.00 $401.05 $71,847.40
104 $71,847.40 $515.95 $0.00 $406.24 $72,769.59
105 $72,769.59 $515.95 $0.00 $411.45 $73,696.99
106 $73,696.99 $515.95 $0.00 $416.69 $74,629.63
107 $74,629.63 $515.95 $0.00 $421.97 $75,567.55
108 $75,567.55 $515.95 $0.00 $427.27 $76,510.77
109 $76,510.77 $515.95 $0.00 $432.60 $77,459.32
110 $77,459.32 $515.95 $0.00 $437.97 $78,413.24
111 $78,413.24 $515.95 $0.00 $443.36 $79,372.55
112 $79,372.55 $515.95 $0.00 $448.78 $80,337.28
113 $80,337.28 $515.95 $0.00 $454.24 $81,307.47
114 $81,307.47 $515.95 $0.00 $459.72 $82,283.14
115 $82,283.14 $515.95 $0.00 $465.24 $83,264.33
116 $83,264.33 $515.95 $0.00 $470.79 $84,251.07
117 $84,251.07 $515.95 $0.00 $476.37 $85,243.39
118 $85,243.39 $515.95 $0.00 $481.98 $86,241.32
119 $86,241.32 $515.95 $0.00 $487.62 $87,244.89
120 $87,244.89 $515.95 $0.00 $493.30 $88,254.14
121 $88,254.14 $515.95 $0.00 $499.00 $89,269.09
122 $89,269.09 $515.95 $0.00 $504.74 $90,289.78
123 $90,289.78 $515.95 $0.00 $510.51 $91,316.24
124 $91,316.24 $515.95 $0.00 $516.32 $92,348.51
125 $92,348.51 $515.95 $0.00 $522.15 $93,386.61
126 $93,386.61 $515.95 $0.00 $528.02 $94,430.58
127 $94,430.58 $515.95 $0.00 $533.92 $95,480.45
128 $95,480.45 $515.95 $0.00 $539.86 $96,536.26
129 $96,536.26 $515.95 $0.00 $545.83 $97,598.04
130 $97,598.04 $515.95 $0.00 $551.83 $98,665.82
131 $98,665.82 $515.95 $0.00 $557.87 $99,739.64
132 $99,739.64 $515.95 $0.00 $563.94 $100,819.53
133 $100,819.53 $515.95 $0.00 $570.05 $101,905.53
134 $101,905.53 $515.95 $0.00 $576.19 $102,997.67
135 $102,997.67 $515.95 $0.00 $582.36 $104,095.98
136 $104,095.98 $515.95 $0.00 $588.57 $105,200.50
137 $105,200.50 $515.95 $0.00 $594.82 $106,311.27
138 $106,311.27 $515.95 $0.00 $601.10 $107,428.32
139 $107,428.32 $515.95 $0.00 $607.42 $108,551.69
140 $108,551.69 $515.95 $0.00 $613.77 $109,681.41
141 $109,681.41 $515.95 $0.00 $620.15 $110,817.51
142 $110,817.51 $515.95 $0.00 $626.58 $111,960.04
143 $111,960.04 $515.95 $0.00 $633.04 $113,109.03
144 $113,109.03 $515.95 $0.00 $639.53 $114,264.51
145 $114,264.51 $515.95 $0.00 $646.07 $115,426.53
146 $115,426.53 $515.95 $0.00 $652.64 $116,595.12
147 $116,595.12 $515.95 $0.00 $659.25 $117,770.32
148 $117,770.32 $515.95 $0.00 $665.89 $118,952.16
149 $118,952.16 $515.95 $0.00 $672.57 $120,140.68
150 $120,140.68 $515.95 $0.00 $679.29 $121,335.92
151 $121,335.92 $515.95 $0.00 $686.05 $122,537.92
152 $122,537.92 $515.95 $0.00 $692.85 $123,746.72
153 $123,746.72 $515.95 $0.00 $699.68 $124,962.35
154 $124,962.35 $515.95 $0.00 $706.56 $126,184.86
155 $126,184.86 $515.95 $0.00 $713.47 $127,414.28
156 $127,414.28 $515.95 $0.00 $720.42 $128,650.65
157 $128,650.65 $515.95 $0.00 $727.41 $129,894.01
158 $129,894.01 $515.95 $0.00 $734.44 $131,144.40
159 $131,144.40 $515.95 $0.00 $741.51 $132,401.86
160 $132,401.86 $515.95 $0.00 $748.62 $133,666.43
161 $133,666.43 $515.95 $0.00 $755.77 $134,938.15
162 $134,938.15 $515.95 $0.00 $762.96 $136,217.06
163 $136,217.06 $515.95 $0.00 $770.19 $137,503.20
164 $137,503.20 $515.95 $0.00 $777.46 $138,796.61
165 $138,796.61 $515.95 $0.00 $784.78 $140,097.34
166 $140,097.34 $515.95 $0.00 $792.13 $141,405.42
167 $141,405.42 $515.95 $0.00 $799.53 $142,720.90
168 $142,720.90 $515.95 $0.00 $806.96 $144,043.81
169 $144,043.81 $515.95 $0.00 $814.44 $145,374.20
170 $145,374.20 $515.95 $0.00 $821.97 $146,712.12
171 $146,712.12 $515.95 $0.00 $829.53 $148,057.60
172 $148,057.60 $515.95 $0.00 $837.14 $149,410.69
173 $149,410.69 $515.95 $0.00 $844.79 $150,771.43
174 $150,771.43 $515.95 $0.00 $852.48 $152,139.86
175 $152,139.86 $515.95 $0.00 $860.22 $153,516.03
176 $153,516.03 $515.95 $0.00 $868.00 $154,899.98
177 $154,899.98 $515.95 $0.00 $875.83 $156,291.76
178 $156,291.76 $515.95 $0.00 $883.70 $157,691.41
179 $157,691.41 $515.95 $0.00 $891.61 $159,098.97
180 $159,098.97 $515.95 $0.00 $899.57 $160,514.49
181 $160,514.49 $515.95 $0.00 $907.57 $161,938.01
182 $161,938.01 $515.95 $0.00 $915.62 $163,369.58
183 $163,369.58 $515.95 $0.00 $923.72 $164,809.25
184 $164,809.25 $515.95 $0.00 $931.86 $166,257.06
185 $166,257.06 $515.95 $0.00 $940.04 $167,713.05
186 $167,713.05 $515.95 $0.00 $948.27 $169,177.27
187 $169,177.27 $515.95 $0.00 $956.55 $170,649.77
188 $170,649.77 $515.95 $0.00 $964.88 $172,130.60
189 $172,130.60 $515.95 $0.00 $973.25 $173,619.80
190 $173,619.80 $515.95 $0.00 $981.67 $175,117.42
191 $175,117.42 $515.95 $0.00 $990.14 $176,623.51
192 $176,623.51 $515.95 $0.00 $998.66 $178,138.12
193 $178,138.12 $515.95 $0.00 $1,007.22 $179,661.29
194 $179,661.29 $515.95 $0.00 $1,015.83 $181,193.07
195 $181,193.07 $515.95 $0.00 $1,024.49 $182,733.51
196 $182,733.51 $515.95 $0.00 $1,033.20 $184,282.66
197 $184,282.66 $515.95 $0.00 $1,041.96 $185,840.57
198 $185,840.57 $515.95 $0.00 $1,050.77 $187,407.29
199 $187,407.29 $515.95 $0.00 $1,059.63 $188,982.87
200 $188,982.87 $515.95 $0.00 $1,068.54 $190,567.36
201 $190,567.36 $515.95 $0.00 $1,077.50 $192,160.81
202 $192,160.81 $515.95 $0.00 $1,086.51 $193,763.27
203 $193,763.27 $515.95 $0.00 $1,095.57 $195,374.79
204 $195,374.79 $515.95 $0.00 $1,104.68 $196,995.42
205 $196,995.42 $515.95 $0.00 $1,113.84 $198,625.21
206 $198,625.21 $515.95 $0.00 $1,123.06 $200,264.22
207 $200,264.22 $515.95 $0.00 $1,132.32 $201,912.49
208 $201,912.49 $515.95 $0.00 $1,141.64 $203,570.08
209 $203,570.08 $515.95 $0.00 $1,151.01 $205,237.04
210 $205,237.04 $515.95 $0.00 $1,160.44 $206,913.43
211 $206,913.43 $515.95 $0.00 $1,169.92 $208,599.30
212 $208,599.30 $515.95 $0.00 $1,179.45 $210,294.70
213 $210,294.70 $515.95 $0.00 $1,189.04 $211,999.69
214 $211,999.69 $515.95 $0.00 $1,198.68 $213,714.32
215 $213,714.32 $515.95 $0.00 $1,208.37 $215,438.64
216 $215,438.64 $515.95 $0.00 $1,218.12 $217,172.71
217 $217,172.71 $515.95 $58,814.20 $1,227.93 $160,102.39
218 $160,102.39 $515.95 $0.00 $905.24 $161,523.58
219 $161,523.58 $515.95 $0.00 $913.28 $162,952.81
220 $162,952.81 $515.95 $0.00 $921.36 $164,390.12
221 $164,390.12 $515.95 $0.00 $929.49 $165,835.56
222 $165,835.56 $515.95 $0.00 $937.66 $167,289.17
223 $167,289.17 $515.95 $0.00 $945.88 $168,751.00
224 $168,751.00 $515.95 $0.00 $954.14 $170,221.09
225 $170,221.09 $515.95 $0.00 $962.45 $171,699.49
226 $171,699.49 $515.95 $0.00 $970.81 $173,186.25
227 $173,186.25 $515.95 $0.00 $979.22 $174,681.42
228 $174,681.42 $515.95 $0.00 $987.67 $176,185.04
229 $176,185.04 $515.95 $62,931.20 $996.18 $114,765.97
230 $114,765.97 $515.95 $0.00 $648.90 $115,930.82
231 $115,930.82 $515.95 $0.00 $655.49 $117,102.26
232 $117,102.26 $515.95 $0.00 $662.11 $118,280.32
233 $118,280.32 $515.95 $0.00 $668.77 $119,465.04
234 $119,465.04 $515.95 $0.00 $675.47 $120,656.46
235 $120,656.46 $515.95 $0.00 $682.21 $121,854.62
236 $121,854.62 $515.95 $0.00 $688.98 $123,059.55
237 $123,059.55 $515.95 $0.00 $695.80 $124,271.30
238 $124,271.30 $515.95 $0.00 $702.65 $125,489.90
239 $125,489.90 $515.95 $0.00 $709.54 $126,715.39
240 $126,715.39 $515.95 $0.00 $716.47 $127,947.81
241 $127,947.81 $515.95 $67,336.38 $723.44 $61,850.82
242 $61,850.82 $515.95 $0.00 $349.71 $62,716.48
243 $62,716.48 $515.95 $0.00 $354.61 $63,587.04
244 $63,587.04 $515.95 $0.00 $359.53 $64,462.52
245 $64,462.52 $515.95 $0.00 $364.48 $65,342.95
246 $65,342.95 $515.95 $0.00 $369.46 $66,228.36
247 $66,228.36 $515.95 $0.00 $374.46 $67,118.77
248 $67,118.77 $515.95 $0.00 $379.50 $68,014.22
249 $68,014.22 $515.95 $0.00 $384.56 $68,914.73
250 $68,914.73 $515.95 $0.00 $389.65 $69,820.33
251 $69,820.33 $515.95 $0.00 $394.77 $70,731.05
252 $70,731.05 $515.95 $0.00 $399.92 $71,646.92
253 $71,646.92 $0.00 $72,049.93 $405.10 $2.09