Savings Plan and Future Cost Estimation for Albany Technical College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$59,865
Monthly savings required$266

How much will it cost to send your child to Albany Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $119,730.42 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $265.97 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$17,113.00
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 $265.97 $0.00 $0.00 $265.97
2 $265.97 $265.97 $0.00 $1.50 $533.44
3 $533.44 $265.97 $0.00 $3.02 $802.43
4 $802.43 $265.97 $0.00 $4.54 $1,072.94
5 $1,072.94 $265.97 $0.00 $6.07 $1,344.98
6 $1,344.98 $265.97 $0.00 $7.60 $1,618.55
7 $1,618.55 $265.97 $0.00 $9.15 $1,893.67
8 $1,893.67 $265.97 $0.00 $10.71 $2,170.35
9 $2,170.35 $265.97 $0.00 $12.27 $2,448.59
10 $2,448.59 $265.97 $0.00 $13.84 $2,728.40
11 $2,728.40 $265.97 $0.00 $15.43 $3,009.80
12 $3,009.80 $265.97 $0.00 $17.02 $3,292.79
13 $3,292.79 $265.97 $0.00 $18.62 $3,577.38
14 $3,577.38 $265.97 $0.00 $20.23 $3,863.58
15 $3,863.58 $265.97 $0.00 $21.85 $4,151.40
16 $4,151.40 $265.97 $0.00 $23.47 $4,440.84
17 $4,440.84 $265.97 $0.00 $25.11 $4,731.92
18 $4,731.92 $265.97 $0.00 $26.75 $5,024.64
19 $5,024.64 $265.97 $0.00 $28.41 $5,319.02
20 $5,319.02 $265.97 $0.00 $30.07 $5,615.06
21 $5,615.06 $265.97 $0.00 $31.75 $5,912.78
22 $5,912.78 $265.97 $0.00 $33.43 $6,212.18
23 $6,212.18 $265.97 $0.00 $35.12 $6,513.27
24 $6,513.27 $265.97 $0.00 $36.83 $6,816.07
25 $6,816.07 $265.97 $0.00 $38.54 $7,120.58
26 $7,120.58 $265.97 $0.00 $40.26 $7,426.81
27 $7,426.81 $265.97 $0.00 $41.99 $7,734.77
28 $7,734.77 $265.97 $0.00 $43.73 $8,044.47
29 $8,044.47 $265.97 $0.00 $45.48 $8,355.92
30 $8,355.92 $265.97 $0.00 $47.25 $8,669.14
31 $8,669.14 $265.97 $0.00 $49.02 $8,984.13
32 $8,984.13 $265.97 $0.00 $50.80 $9,300.90
33 $9,300.90 $265.97 $0.00 $52.59 $9,619.46
34 $9,619.46 $265.97 $0.00 $54.39 $9,939.82
35 $9,939.82 $265.97 $0.00 $56.20 $10,261.99
36 $10,261.99 $265.97 $0.00 $58.02 $10,585.98
37 $10,585.98 $265.97 $0.00 $59.85 $10,911.80
38 $10,911.80 $265.97 $0.00 $61.70 $11,239.47
39 $11,239.47 $265.97 $0.00 $63.55 $11,568.99
40 $11,568.99 $265.97 $0.00 $65.41 $11,900.37
41 $11,900.37 $265.97 $0.00 $67.29 $12,233.63
42 $12,233.63 $265.97 $0.00 $69.17 $12,568.77
43 $12,568.77 $265.97 $0.00 $71.07 $12,905.81
44 $12,905.81 $265.97 $0.00 $72.97 $13,244.75
45 $13,244.75 $265.97 $0.00 $74.89 $13,585.61
46 $13,585.61 $265.97 $0.00 $76.82 $13,928.40
47 $13,928.40 $265.97 $0.00 $78.75 $14,273.12
48 $14,273.12 $265.97 $0.00 $80.70 $14,619.79
49 $14,619.79 $265.97 $0.00 $82.66 $14,968.42
50 $14,968.42 $265.97 $0.00 $84.63 $15,319.02
51 $15,319.02 $265.97 $0.00 $86.62 $15,671.61
52 $15,671.61 $265.97 $0.00 $88.61 $16,026.19
53 $16,026.19 $265.97 $0.00 $90.61 $16,382.77
54 $16,382.77 $265.97 $0.00 $92.63 $16,741.37
55 $16,741.37 $265.97 $0.00 $94.66 $17,102.00
56 $17,102.00 $265.97 $0.00 $96.70 $17,464.67
57 $17,464.67 $265.97 $0.00 $98.75 $17,829.39
58 $17,829.39 $265.97 $0.00 $100.81 $18,196.17
59 $18,196.17 $265.97 $0.00 $102.88 $18,565.02
60 $18,565.02 $265.97 $0.00 $104.97 $18,935.96
61 $18,935.96 $265.97 $0.00 $107.07 $19,309.00
62 $19,309.00 $265.97 $0.00 $109.18 $19,684.15
63 $19,684.15 $265.97 $0.00 $111.30 $20,061.42
64 $20,061.42 $265.97 $0.00 $113.43 $20,440.82
65 $20,440.82 $265.97 $0.00 $115.58 $20,822.37
66 $20,822.37 $265.97 $0.00 $117.73 $21,206.07
67 $21,206.07 $265.97 $0.00 $119.90 $21,591.94
68 $21,591.94 $265.97 $0.00 $122.08 $21,979.99
69 $21,979.99 $265.97 $0.00 $124.28 $22,370.24
70 $22,370.24 $265.97 $0.00 $126.48 $22,762.69
71 $22,762.69 $265.97 $0.00 $128.70 $23,157.36
72 $23,157.36 $265.97 $0.00 $130.94 $23,554.27
73 $23,554.27 $265.97 $0.00 $133.18 $23,953.42
74 $23,953.42 $265.97 $0.00 $135.44 $24,354.83
75 $24,354.83 $265.97 $0.00 $137.71 $24,758.51
76 $24,758.51 $265.97 $0.00 $139.99 $25,164.47
77 $25,164.47 $265.97 $0.00 $142.28 $25,572.72
78 $25,572.72 $265.97 $0.00 $144.59 $25,983.28
79 $25,983.28 $265.97 $0.00 $146.91 $26,396.16
80 $26,396.16 $265.97 $0.00 $149.25 $26,811.38
81 $26,811.38 $265.97 $0.00 $151.60 $27,228.95
82 $27,228.95 $265.97 $0.00 $153.96 $27,648.88
83 $27,648.88 $265.97 $0.00 $156.33 $28,071.18
84 $28,071.18 $265.97 $0.00 $158.72 $28,495.87
85 $28,495.87 $265.97 $0.00 $161.12 $28,922.96
86 $28,922.96 $265.97 $0.00 $163.53 $29,352.46
87 $29,352.46 $265.97 $0.00 $165.96 $29,784.39
88 $29,784.39 $265.97 $0.00 $168.41 $30,218.77
89 $30,218.77 $265.97 $0.00 $170.86 $30,655.60
90 $30,655.60 $265.97 $0.00 $173.33 $31,094.90
91 $31,094.90 $265.97 $0.00 $175.82 $31,536.69
92 $31,536.69 $265.97 $0.00 $178.31 $31,980.97
93 $31,980.97 $265.97 $0.00 $180.83 $32,427.77
94 $32,427.77 $265.97 $0.00 $183.35 $32,877.09
95 $32,877.09 $265.97 $0.00 $185.89 $33,328.95
96 $33,328.95 $265.97 $0.00 $188.45 $33,783.37
97 $33,783.37 $265.97 $0.00 $191.02 $34,240.36
98 $34,240.36 $265.97 $0.00 $193.60 $34,699.93
99 $34,699.93 $265.97 $0.00 $196.20 $35,162.10
100 $35,162.10 $265.97 $0.00 $198.81 $35,626.88
101 $35,626.88 $265.97 $0.00 $201.44 $36,094.29
102 $36,094.29 $265.97 $0.00 $204.08 $36,564.34
103 $36,564.34 $265.97 $0.00 $206.74 $37,037.05
104 $37,037.05 $265.97 $0.00 $209.41 $37,512.43
105 $37,512.43 $265.97 $0.00 $212.10 $37,990.50
106 $37,990.50 $265.97 $0.00 $214.80 $38,471.27
107 $38,471.27 $265.97 $0.00 $217.52 $38,954.76
108 $38,954.76 $265.97 $0.00 $220.26 $39,440.99
109 $39,440.99 $265.97 $0.00 $223.01 $39,929.97
110 $39,929.97 $265.97 $0.00 $225.77 $40,421.71
111 $40,421.71 $265.97 $0.00 $228.55 $40,916.23
112 $40,916.23 $265.97 $0.00 $231.35 $41,413.55
113 $41,413.55 $265.97 $0.00 $234.16 $41,913.68
114 $41,913.68 $265.97 $0.00 $236.99 $42,416.64
115 $42,416.64 $265.97 $0.00 $239.83 $42,922.44
116 $42,922.44 $265.97 $0.00 $242.69 $43,431.10
117 $43,431.10 $265.97 $0.00 $245.57 $43,942.64
118 $43,942.64 $265.97 $0.00 $248.46 $44,457.07
119 $44,457.07 $265.97 $0.00 $251.37 $44,974.41
120 $44,974.41 $265.97 $0.00 $254.29 $45,494.67
121 $45,494.67 $265.97 $0.00 $257.23 $46,017.87
122 $46,017.87 $265.97 $0.00 $260.19 $46,544.03
123 $46,544.03 $265.97 $0.00 $263.17 $47,073.17
124 $47,073.17 $265.97 $0.00 $266.16 $47,605.30
125 $47,605.30 $265.97 $0.00 $269.17 $48,140.44
126 $48,140.44 $265.97 $0.00 $272.19 $48,678.60
127 $48,678.60 $265.97 $0.00 $275.24 $49,219.81
128 $49,219.81 $265.97 $0.00 $278.30 $49,764.08
129 $49,764.08 $265.97 $0.00 $281.37 $50,311.42
130 $50,311.42 $265.97 $0.00 $284.47 $50,861.86
131 $50,861.86 $265.97 $0.00 $287.58 $51,415.41
132 $51,415.41 $265.97 $0.00 $290.71 $51,972.09
133 $51,972.09 $265.97 $0.00 $293.86 $52,531.92
134 $52,531.92 $265.97 $0.00 $297.02 $53,094.91
135 $53,094.91 $265.97 $0.00 $300.21 $53,661.09
136 $53,661.09 $265.97 $0.00 $303.41 $54,230.47
137 $54,230.47 $265.97 $0.00 $306.63 $54,803.07
138 $54,803.07 $265.97 $0.00 $309.86 $55,378.90
139 $55,378.90 $265.97 $0.00 $313.12 $55,957.99
140 $55,957.99 $265.97 $0.00 $316.39 $56,540.35
141 $56,540.35 $265.97 $0.00 $319.69 $57,126.01
142 $57,126.01 $265.97 $0.00 $323.00 $57,714.98
143 $57,714.98 $265.97 $0.00 $326.33 $58,307.28
144 $58,307.28 $265.97 $0.00 $329.68 $58,902.93
145 $58,902.93 $265.97 $0.00 $333.05 $59,501.95
146 $59,501.95 $265.97 $0.00 $336.43 $60,104.35
147 $60,104.35 $265.97 $0.00 $339.84 $60,710.16
148 $60,710.16 $265.97 $0.00 $343.26 $61,319.39
149 $61,319.39 $265.97 $0.00 $346.71 $61,932.07
150 $61,932.07 $265.97 $0.00 $350.17 $62,548.21
151 $62,548.21 $265.97 $0.00 $353.66 $63,167.84
152 $63,167.84 $265.97 $0.00 $357.16 $63,790.97
153 $63,790.97 $265.97 $0.00 $360.68 $64,417.62
154 $64,417.62 $265.97 $0.00 $364.23 $65,047.82
155 $65,047.82 $265.97 $0.00 $367.79 $65,681.58
156 $65,681.58 $265.97 $0.00 $371.37 $66,318.92
157 $66,318.92 $265.97 $0.00 $374.98 $66,959.87
158 $66,959.87 $265.97 $0.00 $378.60 $67,604.44
159 $67,604.44 $265.97 $0.00 $382.25 $68,252.66
160 $68,252.66 $265.97 $0.00 $385.91 $68,904.54
161 $68,904.54 $265.97 $0.00 $389.60 $69,560.11
162 $69,560.11 $265.97 $0.00 $393.30 $70,219.38
163 $70,219.38 $265.97 $0.00 $397.03 $70,882.38
164 $70,882.38 $265.97 $0.00 $400.78 $71,549.13
165 $71,549.13 $265.97 $0.00 $404.55 $72,219.65
166 $72,219.65 $265.97 $0.00 $408.34 $72,893.96
167 $72,893.96 $265.97 $0.00 $412.15 $73,572.08
168 $73,572.08 $265.97 $0.00 $415.99 $74,254.04
169 $74,254.04 $265.97 $0.00 $419.84 $74,939.85
170 $74,939.85 $265.97 $0.00 $423.72 $75,629.54
171 $75,629.54 $265.97 $0.00 $427.62 $76,323.13
172 $76,323.13 $265.97 $0.00 $431.54 $77,020.64
173 $77,020.64 $265.97 $0.00 $435.49 $77,722.10
174 $77,722.10 $265.97 $0.00 $439.45 $78,427.52
175 $78,427.52 $265.97 $0.00 $443.44 $79,136.93
176 $79,136.93 $265.97 $0.00 $447.45 $79,850.35
177 $79,850.35 $265.97 $0.00 $451.49 $80,567.81
178 $80,567.81 $265.97 $0.00 $455.54 $81,289.32
179 $81,289.32 $265.97 $0.00 $459.62 $82,014.91
180 $82,014.91 $265.97 $0.00 $463.72 $82,744.60
181 $82,744.60 $265.97 $0.00 $467.85 $83,478.42
182 $83,478.42 $265.97 $0.00 $472.00 $84,216.39
183 $84,216.39 $265.97 $0.00 $476.17 $84,958.53
184 $84,958.53 $265.97 $0.00 $480.37 $85,704.87
185 $85,704.87 $265.97 $0.00 $484.59 $86,455.43
186 $86,455.43 $265.97 $0.00 $488.83 $87,210.23
187 $87,210.23 $265.97 $0.00 $493.10 $87,969.30
188 $87,969.30 $265.97 $0.00 $497.39 $88,732.66
189 $88,732.66 $265.97 $0.00 $501.71 $89,500.34
190 $89,500.34 $265.97 $0.00 $506.05 $90,272.36
191 $90,272.36 $265.97 $0.00 $510.41 $91,048.74
192 $91,048.74 $265.97 $0.00 $514.80 $91,829.51
193 $91,829.51 $265.97 $0.00 $519.22 $92,614.70
194 $92,614.70 $265.97 $0.00 $523.66 $93,404.33
195 $93,404.33 $265.97 $0.00 $528.12 $94,198.42
196 $94,198.42 $265.97 $0.00 $532.61 $94,997.00
197 $94,997.00 $265.97 $0.00 $537.13 $95,800.10
198 $95,800.10 $265.97 $0.00 $541.67 $96,607.74
199 $96,607.74 $265.97 $0.00 $546.23 $97,419.94
200 $97,419.94 $265.97 $0.00 $550.83 $98,236.74
201 $98,236.74 $265.97 $0.00 $555.44 $99,058.15
202 $99,058.15 $265.97 $0.00 $560.09 $99,884.21
203 $99,884.21 $265.97 $0.00 $564.76 $100,714.94
204 $100,714.94 $265.97 $0.00 $569.46 $101,550.37
205 $101,550.37 $265.97 $0.00 $574.18 $102,390.52
206 $102,390.52 $265.97 $0.00 $578.93 $103,235.42
207 $103,235.42 $265.97 $0.00 $583.71 $104,085.10
208 $104,085.10 $265.97 $0.00 $588.51 $104,939.58
209 $104,939.58 $265.97 $0.00 $593.34 $105,798.89
210 $105,798.89 $265.97 $0.00 $598.20 $106,663.06
211 $106,663.06 $265.97 $0.00 $603.09 $107,532.12
212 $107,532.12 $265.97 $0.00 $608.00 $108,406.09
213 $108,406.09 $265.97 $0.00 $612.94 $109,285.00
214 $109,285.00 $265.97 $0.00 $617.91 $110,168.88
215 $110,168.88 $265.97 $0.00 $622.91 $111,057.76
216 $111,057.76 $265.97 $0.00 $627.94 $111,951.67
217 $111,951.67 $265.97 $57,840.78 $632.99 $55,009.85
218 $55,009.85 $265.97 $0.00 $311.03 $55,586.85
219 $55,586.85 $265.97 $0.00 $314.30 $56,167.12
220 $56,167.12 $265.97 $0.00 $317.58 $56,750.67
221 $56,750.67 $265.97 $0.00 $320.88 $57,337.52
222 $57,337.52 $265.97 $0.00 $324.19 $57,927.68
223 $57,927.68 $265.97 $0.00 $327.53 $58,521.18
224 $58,521.18 $265.97 $0.00 $330.89 $59,118.04
225 $59,118.04 $265.97 $0.00 $334.26 $59,718.27
226 $59,718.27 $265.97 $0.00 $337.66 $60,321.90
227 $60,321.90 $265.97 $0.00 $341.07 $60,928.94
228 $60,928.94 $265.97 $0.00 $344.50 $61,539.41
229 $61,539.41 $0.00 $61,889.64 $347.95 -$2.28