Savings Plan and Future Cost Estimation for Altamaha Technical College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$25,563
Monthly savings required$114

How much will it cost to send your child to Altamaha Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $51,126.58 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $113.61 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$10,363.00
Years until enrollment18
Annual Tuition Increase5%
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 $113.61 $0.00 $0.00 $113.61
2 $113.61 $113.61 $0.00 $0.64 $227.86
3 $227.86 $113.61 $0.00 $1.29 $342.76
4 $342.76 $113.61 $0.00 $1.94 $458.31
5 $458.31 $113.61 $0.00 $2.59 $574.51
6 $574.51 $113.61 $0.00 $3.25 $691.37
7 $691.37 $113.61 $0.00 $3.91 $808.89
8 $808.89 $113.61 $0.00 $4.57 $927.07
9 $927.07 $113.61 $0.00 $5.24 $1,045.92
10 $1,045.92 $113.61 $0.00 $5.91 $1,165.44
11 $1,165.44 $113.61 $0.00 $6.59 $1,285.64
12 $1,285.64 $113.61 $0.00 $7.27 $1,406.52
13 $1,406.52 $113.61 $0.00 $7.95 $1,528.08
14 $1,528.08 $113.61 $0.00 $8.64 $1,650.33
15 $1,650.33 $113.61 $0.00 $9.33 $1,773.27
16 $1,773.27 $113.61 $0.00 $10.03 $1,896.91
17 $1,896.91 $113.61 $0.00 $10.73 $2,021.25
18 $2,021.25 $113.61 $0.00 $11.43 $2,146.29
19 $2,146.29 $113.61 $0.00 $12.14 $2,272.04
20 $2,272.04 $113.61 $0.00 $12.85 $2,398.50
21 $2,398.50 $113.61 $0.00 $13.56 $2,525.67
22 $2,525.67 $113.61 $0.00 $14.28 $2,653.56
23 $2,653.56 $113.61 $0.00 $15.00 $2,782.17
24 $2,782.17 $113.61 $0.00 $15.73 $2,911.51
25 $2,911.51 $113.61 $0.00 $16.46 $3,041.58
26 $3,041.58 $113.61 $0.00 $17.20 $3,172.39
27 $3,172.39 $113.61 $0.00 $17.94 $3,303.94
28 $3,303.94 $113.61 $0.00 $18.68 $3,436.23
29 $3,436.23 $113.61 $0.00 $19.43 $3,569.27
30 $3,569.27 $113.61 $0.00 $20.18 $3,703.06
31 $3,703.06 $113.61 $0.00 $20.94 $3,837.61
32 $3,837.61 $113.61 $0.00 $21.70 $3,972.92
33 $3,972.92 $113.61 $0.00 $22.46 $4,108.99
34 $4,108.99 $113.61 $0.00 $23.23 $4,245.83
35 $4,245.83 $113.61 $0.00 $24.01 $4,383.45
36 $4,383.45 $113.61 $0.00 $24.78 $4,521.84
37 $4,521.84 $113.61 $0.00 $25.57 $4,661.02
38 $4,661.02 $113.61 $0.00 $26.35 $4,800.98
39 $4,800.98 $113.61 $0.00 $27.15 $4,941.74
40 $4,941.74 $113.61 $0.00 $27.94 $5,083.29
41 $5,083.29 $113.61 $0.00 $28.74 $5,225.64
42 $5,225.64 $113.61 $0.00 $29.55 $5,368.80
43 $5,368.80 $113.61 $0.00 $30.36 $5,512.77
44 $5,512.77 $113.61 $0.00 $31.17 $5,657.55
45 $5,657.55 $113.61 $0.00 $31.99 $5,803.15
46 $5,803.15 $113.61 $0.00 $32.81 $5,949.57
47 $5,949.57 $113.61 $0.00 $33.64 $6,096.82
48 $6,096.82 $113.61 $0.00 $34.47 $6,244.90
49 $6,244.90 $113.61 $0.00 $35.31 $6,393.82
50 $6,393.82 $113.61 $0.00 $36.15 $6,543.58
51 $6,543.58 $113.61 $0.00 $37.00 $6,694.19
52 $6,694.19 $113.61 $0.00 $37.85 $6,845.65
53 $6,845.65 $113.61 $0.00 $38.71 $6,997.97
54 $6,997.97 $113.61 $0.00 $39.57 $7,151.15
55 $7,151.15 $113.61 $0.00 $40.43 $7,305.19
56 $7,305.19 $113.61 $0.00 $41.30 $7,460.10
57 $7,460.10 $113.61 $0.00 $42.18 $7,615.89
58 $7,615.89 $113.61 $0.00 $43.06 $7,772.56
59 $7,772.56 $113.61 $0.00 $43.95 $7,930.12
60 $7,930.12 $113.61 $0.00 $44.84 $8,088.57
61 $8,088.57 $113.61 $0.00 $45.73 $8,247.91
62 $8,247.91 $113.61 $0.00 $46.63 $8,408.15
63 $8,408.15 $113.61 $0.00 $47.54 $8,569.30
64 $8,569.30 $113.61 $0.00 $48.45 $8,731.36
65 $8,731.36 $113.61 $0.00 $49.37 $8,894.34
66 $8,894.34 $113.61 $0.00 $50.29 $9,058.24
67 $9,058.24 $113.61 $0.00 $51.22 $9,223.07
68 $9,223.07 $113.61 $0.00 $52.15 $9,388.83
69 $9,388.83 $113.61 $0.00 $53.09 $9,555.53
70 $9,555.53 $113.61 $0.00 $54.03 $9,723.17
71 $9,723.17 $113.61 $0.00 $54.98 $9,891.76
72 $9,891.76 $113.61 $0.00 $55.93 $10,061.30
73 $10,061.30 $113.61 $0.00 $56.89 $10,231.80
74 $10,231.80 $113.61 $0.00 $57.85 $10,403.26
75 $10,403.26 $113.61 $0.00 $58.82 $10,575.69
76 $10,575.69 $113.61 $0.00 $59.80 $10,749.10
77 $10,749.10 $113.61 $0.00 $60.78 $10,923.49
78 $10,923.49 $113.61 $0.00 $61.76 $11,098.86
79 $11,098.86 $113.61 $0.00 $62.75 $11,275.22
80 $11,275.22 $113.61 $0.00 $63.75 $11,452.58
81 $11,452.58 $113.61 $0.00 $64.75 $11,630.94
82 $11,630.94 $113.61 $0.00 $65.76 $11,810.31
83 $11,810.31 $113.61 $0.00 $66.78 $11,990.70
84 $11,990.70 $113.61 $0.00 $67.80 $12,172.11
85 $12,172.11 $113.61 $0.00 $68.82 $12,354.54
86 $12,354.54 $113.61 $0.00 $69.85 $12,538.00
87 $12,538.00 $113.61 $0.00 $70.89 $12,722.50
88 $12,722.50 $113.61 $0.00 $71.93 $12,908.04
89 $12,908.04 $113.61 $0.00 $72.98 $13,094.63
90 $13,094.63 $113.61 $0.00 $74.04 $13,282.28
91 $13,282.28 $113.61 $0.00 $75.10 $13,470.99
92 $13,470.99 $113.61 $0.00 $76.17 $13,660.77
93 $13,660.77 $113.61 $0.00 $77.24 $13,851.62
94 $13,851.62 $113.61 $0.00 $78.32 $14,043.55
95 $14,043.55 $113.61 $0.00 $79.40 $14,236.56
96 $14,236.56 $113.61 $0.00 $80.50 $14,430.67
97 $14,430.67 $113.61 $0.00 $81.59 $14,625.87
98 $14,625.87 $113.61 $0.00 $82.70 $14,822.18
99 $14,822.18 $113.61 $0.00 $83.81 $15,019.60
100 $15,019.60 $113.61 $0.00 $84.92 $15,218.13
101 $15,218.13 $113.61 $0.00 $86.05 $15,417.79
102 $15,417.79 $113.61 $0.00 $87.17 $15,618.57
103 $15,618.57 $113.61 $0.00 $88.31 $15,820.49
104 $15,820.49 $113.61 $0.00 $89.45 $16,023.55
105 $16,023.55 $113.61 $0.00 $90.60 $16,227.76
106 $16,227.76 $113.61 $0.00 $91.75 $16,433.12
107 $16,433.12 $113.61 $0.00 $92.92 $16,639.65
108 $16,639.65 $113.61 $0.00 $94.08 $16,847.34
109 $16,847.34 $113.61 $0.00 $95.26 $17,056.21
110 $17,056.21 $113.61 $0.00 $96.44 $17,266.26
111 $17,266.26 $113.61 $0.00 $97.63 $17,477.50
112 $17,477.50 $113.61 $0.00 $98.82 $17,689.93
113 $17,689.93 $113.61 $0.00 $100.02 $17,903.56
114 $17,903.56 $113.61 $0.00 $101.23 $18,118.40
115 $18,118.40 $113.61 $0.00 $102.44 $18,334.45
116 $18,334.45 $113.61 $0.00 $103.67 $18,551.73
117 $18,551.73 $113.61 $0.00 $104.89 $18,770.23
118 $18,770.23 $113.61 $0.00 $106.13 $18,989.97
119 $18,989.97 $113.61 $0.00 $107.37 $19,210.95
120 $19,210.95 $113.61 $0.00 $108.62 $19,433.18
121 $19,433.18 $113.61 $0.00 $109.88 $19,656.67
122 $19,656.67 $113.61 $0.00 $111.14 $19,881.42
123 $19,881.42 $113.61 $0.00 $112.41 $20,107.44
124 $20,107.44 $113.61 $0.00 $113.69 $20,334.74
125 $20,334.74 $113.61 $0.00 $114.98 $20,563.33
126 $20,563.33 $113.61 $0.00 $116.27 $20,793.21
127 $20,793.21 $113.61 $0.00 $117.57 $21,024.39
128 $21,024.39 $113.61 $0.00 $118.87 $21,256.87
129 $21,256.87 $113.61 $0.00 $120.19 $21,490.67
130 $21,490.67 $113.61 $0.00 $121.51 $21,725.79
131 $21,725.79 $113.61 $0.00 $122.84 $21,962.24
132 $21,962.24 $113.61 $0.00 $124.18 $22,200.03
133 $22,200.03 $113.61 $0.00 $125.52 $22,439.16
134 $22,439.16 $113.61 $0.00 $126.87 $22,679.64
135 $22,679.64 $113.61 $0.00 $128.23 $22,921.48
136 $22,921.48 $113.61 $0.00 $129.60 $23,164.69
137 $23,164.69 $113.61 $0.00 $130.98 $23,409.28
138 $23,409.28 $113.61 $0.00 $132.36 $23,655.25
139 $23,655.25 $113.61 $0.00 $133.75 $23,902.61
140 $23,902.61 $113.61 $0.00 $135.15 $24,151.37
141 $24,151.37 $113.61 $0.00 $136.56 $24,401.54
142 $24,401.54 $113.61 $0.00 $137.97 $24,653.12
143 $24,653.12 $113.61 $0.00 $139.39 $24,906.12
144 $24,906.12 $113.61 $0.00 $140.82 $25,160.55
145 $25,160.55 $113.61 $0.00 $142.26 $25,416.42
146 $25,416.42 $113.61 $0.00 $143.71 $25,673.74
147 $25,673.74 $113.61 $0.00 $145.16 $25,932.51
148 $25,932.51 $113.61 $0.00 $146.63 $26,192.75
149 $26,192.75 $113.61 $0.00 $148.10 $26,454.46
150 $26,454.46 $113.61 $0.00 $149.58 $26,717.65
151 $26,717.65 $113.61 $0.00 $151.07 $26,982.33
152 $26,982.33 $113.61 $0.00 $152.56 $27,248.50
153 $27,248.50 $113.61 $0.00 $154.07 $27,516.18
154 $27,516.18 $113.61 $0.00 $155.58 $27,785.37
155 $27,785.37 $113.61 $0.00 $157.10 $28,056.08
156 $28,056.08 $113.61 $0.00 $158.63 $28,328.32
157 $28,328.32 $113.61 $0.00 $160.17 $28,602.10
158 $28,602.10 $113.61 $0.00 $161.72 $28,877.43
159 $28,877.43 $113.61 $0.00 $163.28 $29,154.32
160 $29,154.32 $113.61 $0.00 $164.84 $29,432.77
161 $29,432.77 $113.61 $0.00 $166.42 $29,712.80
162 $29,712.80 $113.61 $0.00 $168.00 $29,994.41
163 $29,994.41 $113.61 $0.00 $169.59 $30,277.61
164 $30,277.61 $113.61 $0.00 $171.19 $30,562.41
165 $30,562.41 $113.61 $0.00 $172.80 $30,848.82
166 $30,848.82 $113.61 $0.00 $174.42 $31,136.85
167 $31,136.85 $113.61 $0.00 $176.05 $31,426.51
168 $31,426.51 $113.61 $0.00 $177.69 $31,717.81
169 $31,717.81 $113.61 $0.00 $179.34 $32,010.76
170 $32,010.76 $113.61 $0.00 $180.99 $32,305.36
171 $32,305.36 $113.61 $0.00 $182.66 $32,601.63
172 $32,601.63 $113.61 $0.00 $184.33 $32,899.57
173 $32,899.57 $113.61 $0.00 $186.02 $33,199.20
174 $33,199.20 $113.61 $0.00 $187.71 $33,500.52
175 $33,500.52 $113.61 $0.00 $189.42 $33,803.55
176 $33,803.55 $113.61 $0.00 $191.13 $34,108.29
177 $34,108.29 $113.61 $0.00 $192.85 $34,414.75
178 $34,414.75 $113.61 $0.00 $194.59 $34,722.95
179 $34,722.95 $113.61 $0.00 $196.33 $35,032.89
180 $35,032.89 $113.61 $0.00 $198.08 $35,344.58
181 $35,344.58 $113.61 $0.00 $199.84 $35,658.03
182 $35,658.03 $113.61 $0.00 $201.62 $35,973.26
183 $35,973.26 $113.61 $0.00 $203.40 $36,290.27
184 $36,290.27 $113.61 $0.00 $205.19 $36,609.07
185 $36,609.07 $113.61 $0.00 $206.99 $36,929.67
186 $36,929.67 $113.61 $0.00 $208.81 $37,252.09
187 $37,252.09 $113.61 $0.00 $210.63 $37,576.33
188 $37,576.33 $113.61 $0.00 $212.46 $37,902.40
189 $37,902.40 $113.61 $0.00 $214.31 $38,230.32
190 $38,230.32 $113.61 $0.00 $216.16 $38,560.09
191 $38,560.09 $113.61 $0.00 $218.02 $38,891.72
192 $38,891.72 $113.61 $0.00 $219.90 $39,225.23
193 $39,225.23 $113.61 $0.00 $221.79 $39,560.63
194 $39,560.63 $113.61 $0.00 $223.68 $39,897.92
195 $39,897.92 $113.61 $0.00 $225.59 $40,237.12
196 $40,237.12 $113.61 $0.00 $227.51 $40,578.24
197 $40,578.24 $113.61 $0.00 $229.44 $40,921.29
198 $40,921.29 $113.61 $0.00 $231.37 $41,266.27
199 $41,266.27 $113.61 $0.00 $233.33 $41,613.21
200 $41,613.21 $113.61 $0.00 $235.29 $41,962.11
201 $41,962.11 $113.61 $0.00 $237.26 $42,312.98
202 $42,312.98 $113.61 $0.00 $239.24 $42,665.83
203 $42,665.83 $113.61 $0.00 $241.24 $43,020.68
204 $43,020.68 $113.61 $0.00 $243.25 $43,377.54
205 $43,377.54 $113.61 $0.00 $245.26 $43,736.41
206 $43,736.41 $113.61 $0.00 $247.29 $44,097.31
207 $44,097.31 $113.61 $0.00 $249.33 $44,460.25
208 $44,460.25 $113.61 $0.00 $251.38 $44,825.24
209 $44,825.24 $113.61 $0.00 $253.45 $45,192.30
210 $45,192.30 $113.61 $0.00 $255.52 $45,561.43
211 $45,561.43 $113.61 $0.00 $257.61 $45,932.65
212 $45,932.65 $113.61 $0.00 $259.71 $46,305.97
213 $46,305.97 $113.61 $0.00 $261.82 $46,681.40
214 $46,681.40 $113.61 $0.00 $263.94 $47,058.95
215 $47,058.95 $113.61 $0.00 $266.08 $47,438.64
216 $47,438.64 $113.61 $0.00 $268.22 $47,820.47
217 $47,820.47 $113.61 $24,939.80 $270.38 $23,264.66
218 $23,264.66 $113.61 $0.00 $131.54 $23,509.81
219 $23,509.81 $113.61 $0.00 $132.93 $23,756.35
220 $23,756.35 $113.61 $0.00 $134.32 $24,004.28
221 $24,004.28 $113.61 $0.00 $135.72 $24,253.61
222 $24,253.61 $113.61 $0.00 $137.13 $24,504.35
223 $24,504.35 $113.61 $0.00 $138.55 $24,756.51
224 $24,756.51 $113.61 $0.00 $139.98 $25,010.10
225 $25,010.10 $113.61 $0.00 $141.41 $25,265.12
226 $25,265.12 $113.61 $0.00 $142.85 $25,521.58
227 $25,521.58 $113.61 $0.00 $144.30 $25,779.49
228 $25,779.49 $113.61 $0.00 $145.76 $26,038.86
229 $26,038.86 $0.00 $26,186.78 $147.23 ($0.69)