Savings Plan and Future Cost Estimation for Southeastern College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$151,351
Monthly savings required$672

How much will it cost to send your child to Southeastern College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $302,701.83 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $672.44 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$43,265.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $672.44 $0.00 $0.00 $672.44
2 $672.44 $672.44 $0.00 $3.80 $1,348.68
3 $1,348.68 $672.44 $0.00 $7.63 $2,028.75
4 $2,028.75 $672.44 $0.00 $11.47 $2,712.66
5 $2,712.66 $672.44 $0.00 $15.34 $3,400.44
6 $3,400.44 $672.44 $0.00 $19.23 $4,092.11
7 $4,092.11 $672.44 $0.00 $23.14 $4,787.69
8 $4,787.69 $672.44 $0.00 $27.07 $5,487.20
9 $5,487.20 $672.44 $0.00 $31.03 $6,190.67
10 $6,190.67 $672.44 $0.00 $35.00 $6,898.11
11 $6,898.11 $672.44 $0.00 $39.00 $7,609.55
12 $7,609.55 $672.44 $0.00 $43.03 $8,325.02
13 $8,325.02 $672.44 $0.00 $47.07 $9,044.53
14 $9,044.53 $672.44 $0.00 $51.14 $9,768.11
15 $9,768.11 $672.44 $0.00 $55.23 $10,495.78
16 $10,495.78 $672.44 $0.00 $59.34 $11,227.56
17 $11,227.56 $672.44 $0.00 $63.48 $11,963.48
18 $11,963.48 $672.44 $0.00 $67.64 $12,703.56
19 $12,703.56 $672.44 $0.00 $71.83 $13,447.83
20 $13,447.83 $672.44 $0.00 $76.04 $14,196.31
21 $14,196.31 $672.44 $0.00 $80.27 $14,949.02
22 $14,949.02 $672.44 $0.00 $84.52 $15,705.98
23 $15,705.98 $672.44 $0.00 $88.80 $16,467.22
24 $16,467.22 $672.44 $0.00 $93.11 $17,232.77
25 $17,232.77 $672.44 $0.00 $97.44 $18,002.65
26 $18,002.65 $672.44 $0.00 $101.79 $18,776.88
27 $18,776.88 $672.44 $0.00 $106.17 $19,555.49
28 $19,555.49 $672.44 $0.00 $110.57 $20,338.50
29 $20,338.50 $672.44 $0.00 $115.00 $21,125.94
30 $21,125.94 $672.44 $0.00 $119.45 $21,917.83
31 $21,917.83 $672.44 $0.00 $123.93 $22,714.20
32 $22,714.20 $672.44 $0.00 $128.43 $23,515.07
33 $23,515.07 $672.44 $0.00 $132.96 $24,320.47
34 $24,320.47 $672.44 $0.00 $137.51 $25,130.42
35 $25,130.42 $672.44 $0.00 $142.09 $25,944.95
36 $25,944.95 $672.44 $0.00 $146.70 $26,764.09
37 $26,764.09 $672.44 $0.00 $151.33 $27,587.86
38 $27,587.86 $672.44 $0.00 $155.99 $28,416.29
39 $28,416.29 $672.44 $0.00 $160.67 $29,249.40
40 $29,249.40 $672.44 $0.00 $165.38 $30,087.22
41 $30,087.22 $672.44 $0.00 $170.12 $30,929.78
42 $30,929.78 $672.44 $0.00 $174.88 $31,777.10
43 $31,777.10 $672.44 $0.00 $179.67 $32,629.21
44 $32,629.21 $672.44 $0.00 $184.49 $33,486.14
45 $33,486.14 $672.44 $0.00 $189.34 $34,347.92
46 $34,347.92 $672.44 $0.00 $194.21 $35,214.57
47 $35,214.57 $672.44 $0.00 $199.11 $36,086.12
48 $36,086.12 $672.44 $0.00 $204.04 $36,962.60
49 $36,962.60 $672.44 $0.00 $208.99 $37,844.03
50 $37,844.03 $672.44 $0.00 $213.98 $38,730.45
51 $38,730.45 $672.44 $0.00 $218.99 $39,621.88
52 $39,621.88 $672.44 $0.00 $224.03 $40,518.35
53 $40,518.35 $672.44 $0.00 $229.10 $41,419.89
54 $41,419.89 $672.44 $0.00 $234.19 $42,326.52
55 $42,326.52 $672.44 $0.00 $239.32 $43,238.28
56 $43,238.28 $672.44 $0.00 $244.48 $44,155.20
57 $44,155.20 $672.44 $0.00 $249.66 $45,077.30
58 $45,077.30 $672.44 $0.00 $254.87 $46,004.61
59 $46,004.61 $672.44 $0.00 $260.12 $46,937.17
60 $46,937.17 $672.44 $0.00 $265.39 $47,875.00
61 $47,875.00 $672.44 $0.00 $270.69 $48,818.13
62 $48,818.13 $672.44 $0.00 $276.02 $49,766.59
63 $49,766.59 $672.44 $0.00 $281.39 $50,720.42
64 $50,720.42 $672.44 $0.00 $286.78 $51,679.64
65 $51,679.64 $672.44 $0.00 $292.20 $52,644.28
66 $52,644.28 $672.44 $0.00 $297.66 $53,614.38
67 $53,614.38 $672.44 $0.00 $303.14 $54,589.96
68 $54,589.96 $672.44 $0.00 $308.66 $55,571.06
69 $55,571.06 $672.44 $0.00 $314.21 $56,557.71
70 $56,557.71 $672.44 $0.00 $319.79 $57,549.94
71 $57,549.94 $672.44 $0.00 $325.40 $58,547.78
72 $58,547.78 $672.44 $0.00 $331.04 $59,551.26
73 $59,551.26 $672.44 $0.00 $336.71 $60,560.41
74 $60,560.41 $672.44 $0.00 $342.42 $61,575.27
75 $61,575.27 $672.44 $0.00 $348.16 $62,595.87
76 $62,595.87 $672.44 $0.00 $353.93 $63,622.24
77 $63,622.24 $672.44 $0.00 $359.73 $64,654.41
78 $64,654.41 $672.44 $0.00 $365.57 $65,692.42
79 $65,692.42 $672.44 $0.00 $371.43 $66,736.29
80 $66,736.29 $672.44 $0.00 $377.34 $67,786.07
81 $67,786.07 $672.44 $0.00 $383.27 $68,841.78
82 $68,841.78 $672.44 $0.00 $389.24 $69,903.46
83 $69,903.46 $672.44 $0.00 $395.24 $70,971.14
84 $70,971.14 $672.44 $0.00 $401.28 $72,044.86
85 $72,044.86 $672.44 $0.00 $407.35 $73,124.65
86 $73,124.65 $672.44 $0.00 $413.46 $74,210.55
87 $74,210.55 $672.44 $0.00 $419.60 $75,302.59
88 $75,302.59 $672.44 $0.00 $425.77 $76,400.80
89 $76,400.80 $672.44 $0.00 $431.98 $77,505.22
90 $77,505.22 $672.44 $0.00 $438.23 $78,615.89
91 $78,615.89 $672.44 $0.00 $444.51 $79,732.84
92 $79,732.84 $672.44 $0.00 $450.82 $80,856.10
93 $80,856.10 $672.44 $0.00 $457.17 $81,985.71
94 $81,985.71 $672.44 $0.00 $463.56 $83,121.71
95 $83,121.71 $672.44 $0.00 $469.98 $84,264.13
96 $84,264.13 $672.44 $0.00 $476.44 $85,413.01
97 $85,413.01 $672.44 $0.00 $482.94 $86,568.39
98 $86,568.39 $672.44 $0.00 $489.47 $87,730.30
99 $87,730.30 $672.44 $0.00 $496.04 $88,898.78
100 $88,898.78 $672.44 $0.00 $502.65 $90,073.87
101 $90,073.87 $672.44 $0.00 $509.29 $91,255.60
102 $91,255.60 $672.44 $0.00 $515.97 $92,444.01
103 $92,444.01 $672.44 $0.00 $522.69 $93,639.14
104 $93,639.14 $672.44 $0.00 $529.45 $94,841.03
105 $94,841.03 $672.44 $0.00 $536.24 $96,049.71
106 $96,049.71 $672.44 $0.00 $543.08 $97,265.23
107 $97,265.23 $672.44 $0.00 $549.95 $98,487.62
108 $98,487.62 $672.44 $0.00 $556.86 $99,716.92
109 $99,716.92 $672.44 $0.00 $563.81 $100,953.17
110 $100,953.17 $672.44 $0.00 $570.80 $102,196.41
111 $102,196.41 $672.44 $0.00 $577.83 $103,446.68
112 $103,446.68 $672.44 $0.00 $584.90 $104,704.02
113 $104,704.02 $672.44 $0.00 $592.01 $105,968.47
114 $105,968.47 $672.44 $0.00 $599.16 $107,240.07
115 $107,240.07 $672.44 $0.00 $606.35 $108,518.86
116 $108,518.86 $672.44 $0.00 $613.58 $109,804.88
117 $109,804.88 $672.44 $0.00 $620.85 $111,098.17
118 $111,098.17 $672.44 $0.00 $628.17 $112,398.78
119 $112,398.78 $672.44 $0.00 $635.52 $113,706.74
120 $113,706.74 $672.44 $0.00 $642.91 $115,022.09
121 $115,022.09 $672.44 $0.00 $650.35 $116,344.88
122 $116,344.88 $672.44 $0.00 $657.83 $117,675.15
123 $117,675.15 $672.44 $0.00 $665.35 $119,012.94
124 $119,012.94 $672.44 $0.00 $672.92 $120,358.30
125 $120,358.30 $672.44 $0.00 $680.52 $121,711.26
126 $121,711.26 $672.44 $0.00 $688.17 $123,071.87
127 $123,071.87 $672.44 $0.00 $695.87 $124,440.18
128 $124,440.18 $672.44 $0.00 $703.60 $125,816.22
129 $125,816.22 $672.44 $0.00 $711.38 $127,200.04
130 $127,200.04 $672.44 $0.00 $719.21 $128,591.69
131 $128,591.69 $672.44 $0.00 $727.08 $129,991.21
132 $129,991.21 $672.44 $0.00 $734.99 $131,398.64
133 $131,398.64 $672.44 $0.00 $742.95 $132,814.03
134 $132,814.03 $672.44 $0.00 $750.95 $134,237.42
135 $134,237.42 $672.44 $0.00 $759.00 $135,668.86
136 $135,668.86 $672.44 $0.00 $767.09 $137,108.39
137 $137,108.39 $672.44 $0.00 $775.23 $138,556.06
138 $138,556.06 $672.44 $0.00 $783.42 $140,011.92
139 $140,011.92 $672.44 $0.00 $791.65 $141,476.01
140 $141,476.01 $672.44 $0.00 $799.93 $142,948.38
141 $142,948.38 $672.44 $0.00 $808.25 $144,429.07
142 $144,429.07 $672.44 $0.00 $816.62 $145,918.13
143 $145,918.13 $672.44 $0.00 $825.04 $147,415.61
144 $147,415.61 $672.44 $0.00 $833.51 $148,921.56
145 $148,921.56 $672.44 $0.00 $842.02 $150,436.02
146 $150,436.02 $672.44 $0.00 $850.59 $151,959.05
147 $151,959.05 $672.44 $0.00 $859.20 $153,490.69
148 $153,490.69 $672.44 $0.00 $867.86 $155,030.99
149 $155,030.99 $672.44 $0.00 $876.57 $156,580.00
150 $156,580.00 $672.44 $0.00 $885.33 $158,137.77
151 $158,137.77 $672.44 $0.00 $894.13 $159,704.34
152 $159,704.34 $672.44 $0.00 $902.99 $161,279.77
153 $161,279.77 $672.44 $0.00 $911.90 $162,864.11
154 $162,864.11 $672.44 $0.00 $920.86 $164,457.41
155 $164,457.41 $672.44 $0.00 $929.87 $166,059.72
156 $166,059.72 $672.44 $0.00 $938.93 $167,671.09
157 $167,671.09 $672.44 $0.00 $948.04 $169,291.57
158 $169,291.57 $672.44 $0.00 $957.20 $170,921.21
159 $170,921.21 $672.44 $0.00 $966.41 $172,560.06
160 $172,560.06 $672.44 $0.00 $975.68 $174,208.18
161 $174,208.18 $672.44 $0.00 $985.00 $175,865.62
162 $175,865.62 $672.44 $0.00 $994.37 $177,532.43
163 $177,532.43 $672.44 $0.00 $1,003.79 $179,208.66
164 $179,208.66 $672.44 $0.00 $1,013.27 $180,894.37
165 $180,894.37 $672.44 $0.00 $1,022.80 $182,589.61
166 $182,589.61 $672.44 $0.00 $1,032.39 $184,294.44
167 $184,294.44 $672.44 $0.00 $1,042.03 $186,008.91
168 $186,008.91 $672.44 $0.00 $1,051.72 $187,733.07
169 $187,733.07 $672.44 $0.00 $1,061.47 $189,466.98
170 $189,466.98 $672.44 $0.00 $1,071.27 $191,210.69
171 $191,210.69 $672.44 $0.00 $1,081.13 $192,964.26
172 $192,964.26 $672.44 $0.00 $1,091.05 $194,727.75
173 $194,727.75 $672.44 $0.00 $1,101.02 $196,501.21
174 $196,501.21 $672.44 $0.00 $1,111.05 $198,284.70
175 $198,284.70 $672.44 $0.00 $1,121.13 $200,078.27
176 $200,078.27 $672.44 $0.00 $1,131.27 $201,881.98
177 $201,881.98 $672.44 $0.00 $1,141.47 $203,695.89
178 $203,695.89 $672.44 $0.00 $1,151.73 $205,520.06
179 $205,520.06 $672.44 $0.00 $1,162.04 $207,354.54
180 $207,354.54 $672.44 $0.00 $1,172.41 $209,199.39
181 $209,199.39 $672.44 $0.00 $1,182.84 $211,054.67
182 $211,054.67 $672.44 $0.00 $1,193.33 $212,920.44
183 $212,920.44 $672.44 $0.00 $1,203.88 $214,796.76
184 $214,796.76 $672.44 $0.00 $1,214.49 $216,683.69
185 $216,683.69 $672.44 $0.00 $1,225.16 $218,581.29
186 $218,581.29 $672.44 $0.00 $1,235.89 $220,489.62
187 $220,489.62 $672.44 $0.00 $1,246.68 $222,408.74
188 $222,408.74 $672.44 $0.00 $1,257.53 $224,338.71
189 $224,338.71 $672.44 $0.00 $1,268.44 $226,279.59
190 $226,279.59 $672.44 $0.00 $1,279.42 $228,231.45
191 $228,231.45 $672.44 $0.00 $1,290.45 $230,194.34
192 $230,194.34 $672.44 $0.00 $1,301.55 $232,168.33
193 $232,168.33 $672.44 $0.00 $1,312.71 $234,153.48
194 $234,153.48 $672.44 $0.00 $1,323.94 $236,149.86
195 $236,149.86 $672.44 $0.00 $1,335.23 $238,157.53
196 $238,157.53 $672.44 $0.00 $1,346.58 $240,176.55
197 $240,176.55 $672.44 $0.00 $1,357.99 $242,206.98
198 $242,206.98 $672.44 $0.00 $1,369.47 $244,248.89
199 $244,248.89 $672.44 $0.00 $1,381.02 $246,302.35
200 $246,302.35 $672.44 $0.00 $1,392.63 $248,367.42
201 $248,367.42 $672.44 $0.00 $1,404.31 $250,444.17
202 $250,444.17 $672.44 $0.00 $1,416.05 $252,532.66
203 $252,532.66 $672.44 $0.00 $1,427.86 $254,632.96
204 $254,632.96 $672.44 $0.00 $1,439.73 $256,745.13
205 $256,745.13 $672.44 $0.00 $1,451.67 $258,869.24
206 $258,869.24 $672.44 $0.00 $1,463.68 $261,005.36
207 $261,005.36 $672.44 $0.00 $1,475.76 $263,153.56
208 $263,153.56 $672.44 $0.00 $1,487.91 $265,313.91
209 $265,313.91 $672.44 $0.00 $1,500.12 $267,486.47
210 $267,486.47 $672.44 $0.00 $1,512.41 $269,671.32
211 $269,671.32 $672.44 $0.00 $1,524.76 $271,868.52
212 $271,868.52 $672.44 $0.00 $1,537.18 $274,078.14
213 $274,078.14 $672.44 $0.00 $1,549.68 $276,300.26
214 $276,300.26 $672.44 $0.00 $1,562.24 $278,534.94
215 $278,534.94 $672.44 $0.00 $1,574.88 $280,782.26
216 $280,782.26 $672.44 $0.00 $1,587.58 $283,042.28
217 $283,042.28 $672.44 $146,232.77 $1,600.36 $139,082.31
218 $139,082.31 $672.44 $0.00 $786.39 $140,541.14
219 $140,541.14 $672.44 $0.00 $794.64 $142,008.22
220 $142,008.22 $672.44 $0.00 $802.94 $143,483.60
221 $143,483.60 $672.44 $0.00 $811.28 $144,967.32
222 $144,967.32 $672.44 $0.00 $819.67 $146,459.43
223 $146,459.43 $672.44 $0.00 $828.10 $147,959.97
224 $147,959.97 $672.44 $0.00 $836.59 $149,469.00
225 $149,469.00 $672.44 $0.00 $845.12 $150,986.56
226 $150,986.56 $672.44 $0.00 $853.70 $152,512.70
227 $152,512.70 $672.44 $0.00 $862.33 $154,047.47
228 $154,047.47 $672.44 $0.00 $871.01 $155,590.92
229 $155,590.92 $0.00 $156,469.06 $879.73 $1.59