Savings Plan and Future Cost Estimation for Augusta 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$69,216
Monthly savings required$308

How much will it cost to send your child to Augusta Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $138,431.02 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $307.62 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$28,059.00
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 $307.62 $0.00 $0.00 $307.62
2 $307.62 $307.62 $0.00 $1.74 $616.98
3 $616.98 $307.62 $0.00 $3.49 $928.09
4 $928.09 $307.62 $0.00 $5.25 $1,240.96
5 $1,240.96 $307.62 $0.00 $7.02 $1,555.60
6 $1,555.60 $307.62 $0.00 $8.80 $1,872.02
7 $1,872.02 $307.62 $0.00 $10.58 $2,190.22
8 $2,190.22 $307.62 $0.00 $12.38 $2,510.22
9 $2,510.22 $307.62 $0.00 $14.19 $2,832.03
10 $2,832.03 $307.62 $0.00 $16.01 $3,155.66
11 $3,155.66 $307.62 $0.00 $17.84 $3,481.12
12 $3,481.12 $307.62 $0.00 $19.68 $3,808.42
13 $3,808.42 $307.62 $0.00 $21.53 $4,137.57
14 $4,137.57 $307.62 $0.00 $23.39 $4,468.58
15 $4,468.58 $307.62 $0.00 $25.27 $4,801.47
16 $4,801.47 $307.62 $0.00 $27.15 $5,136.24
17 $5,136.24 $307.62 $0.00 $29.04 $5,472.90
18 $5,472.90 $307.62 $0.00 $30.94 $5,811.46
19 $5,811.46 $307.62 $0.00 $32.86 $6,151.94
20 $6,151.94 $307.62 $0.00 $34.78 $6,494.34
21 $6,494.34 $307.62 $0.00 $36.72 $6,838.68
22 $6,838.68 $307.62 $0.00 $38.67 $7,184.97
23 $7,184.97 $307.62 $0.00 $40.62 $7,533.21
24 $7,533.21 $307.62 $0.00 $42.59 $7,883.42
25 $7,883.42 $307.62 $0.00 $44.57 $8,235.61
26 $8,235.61 $307.62 $0.00 $46.57 $8,589.80
27 $8,589.80 $307.62 $0.00 $48.57 $8,945.99
28 $8,945.99 $307.62 $0.00 $50.58 $9,304.19
29 $9,304.19 $307.62 $0.00 $52.61 $9,664.42
30 $9,664.42 $307.62 $0.00 $54.64 $10,026.68
31 $10,026.68 $307.62 $0.00 $56.69 $10,390.99
32 $10,390.99 $307.62 $0.00 $58.75 $10,757.36
33 $10,757.36 $307.62 $0.00 $60.82 $11,125.80
34 $11,125.80 $307.62 $0.00 $62.91 $11,496.33
35 $11,496.33 $307.62 $0.00 $65.00 $11,868.95
36 $11,868.95 $307.62 $0.00 $67.11 $12,243.68
37 $12,243.68 $307.62 $0.00 $69.23 $12,620.53
38 $12,620.53 $307.62 $0.00 $71.36 $12,999.51
39 $12,999.51 $307.62 $0.00 $73.50 $13,380.63
40 $13,380.63 $307.62 $0.00 $75.66 $13,763.91
41 $13,763.91 $307.62 $0.00 $77.82 $14,149.35
42 $14,149.35 $307.62 $0.00 $80.00 $14,536.97
43 $14,536.97 $307.62 $0.00 $82.19 $14,926.78
44 $14,926.78 $307.62 $0.00 $84.40 $15,318.80
45 $15,318.80 $307.62 $0.00 $86.61 $15,713.03
46 $15,713.03 $307.62 $0.00 $88.84 $16,109.49
47 $16,109.49 $307.62 $0.00 $91.09 $16,508.20
48 $16,508.20 $307.62 $0.00 $93.34 $16,909.16
49 $16,909.16 $307.62 $0.00 $95.61 $17,312.39
50 $17,312.39 $307.62 $0.00 $97.89 $17,717.90
51 $17,717.90 $307.62 $0.00 $100.18 $18,125.70
52 $18,125.70 $307.62 $0.00 $102.49 $18,535.81
53 $18,535.81 $307.62 $0.00 $104.80 $18,948.23
54 $18,948.23 $307.62 $0.00 $107.14 $19,362.99
55 $19,362.99 $307.62 $0.00 $109.48 $19,780.09
56 $19,780.09 $307.62 $0.00 $111.84 $20,199.55
57 $20,199.55 $307.62 $0.00 $114.21 $20,621.38
58 $20,621.38 $307.62 $0.00 $116.60 $21,045.60
59 $21,045.60 $307.62 $0.00 $118.99 $21,472.21
60 $21,472.21 $307.62 $0.00 $121.41 $21,901.24
61 $21,901.24 $307.62 $0.00 $123.83 $22,332.69
62 $22,332.69 $307.62 $0.00 $126.27 $22,766.58
63 $22,766.58 $307.62 $0.00 $128.73 $23,202.93
64 $23,202.93 $307.62 $0.00 $131.19 $23,641.74
65 $23,641.74 $307.62 $0.00 $133.67 $24,083.03
66 $24,083.03 $307.62 $0.00 $136.17 $24,526.82
67 $24,526.82 $307.62 $0.00 $138.68 $24,973.12
68 $24,973.12 $307.62 $0.00 $141.20 $25,421.94
69 $25,421.94 $307.62 $0.00 $143.74 $25,873.30
70 $25,873.30 $307.62 $0.00 $146.29 $26,327.21
71 $26,327.21 $307.62 $0.00 $148.86 $26,783.69
72 $26,783.69 $307.62 $0.00 $151.44 $27,242.75
73 $27,242.75 $307.62 $0.00 $154.03 $27,704.40
74 $27,704.40 $307.62 $0.00 $156.64 $28,168.66
75 $28,168.66 $307.62 $0.00 $159.27 $28,635.55
76 $28,635.55 $307.62 $0.00 $161.91 $29,105.08
77 $29,105.08 $307.62 $0.00 $164.56 $29,577.26
78 $29,577.26 $307.62 $0.00 $167.23 $30,052.11
79 $30,052.11 $307.62 $0.00 $169.92 $30,529.65
80 $30,529.65 $307.62 $0.00 $172.62 $31,009.89
81 $31,009.89 $307.62 $0.00 $175.33 $31,492.84
82 $31,492.84 $307.62 $0.00 $178.07 $31,978.53
83 $31,978.53 $307.62 $0.00 $180.81 $32,466.96
84 $32,466.96 $307.62 $0.00 $183.57 $32,958.15
85 $32,958.15 $307.62 $0.00 $186.35 $33,452.12
86 $33,452.12 $307.62 $0.00 $189.14 $33,948.88
87 $33,948.88 $307.62 $0.00 $191.95 $34,448.45
88 $34,448.45 $307.62 $0.00 $194.78 $34,950.85
89 $34,950.85 $307.62 $0.00 $197.62 $35,456.09
90 $35,456.09 $307.62 $0.00 $200.47 $35,964.18
91 $35,964.18 $307.62 $0.00 $203.35 $36,475.15
92 $36,475.15 $307.62 $0.00 $206.24 $36,989.01
93 $36,989.01 $307.62 $0.00 $209.14 $37,505.77
94 $37,505.77 $307.62 $0.00 $212.06 $38,025.45
95 $38,025.45 $307.62 $0.00 $215.00 $38,548.07
96 $38,548.07 $307.62 $0.00 $217.96 $39,073.65
97 $39,073.65 $307.62 $0.00 $220.93 $39,602.20
98 $39,602.20 $307.62 $0.00 $223.92 $40,133.74
99 $40,133.74 $307.62 $0.00 $226.92 $40,668.28
100 $40,668.28 $307.62 $0.00 $229.94 $41,205.84
101 $41,205.84 $307.62 $0.00 $232.98 $41,746.44
102 $41,746.44 $307.62 $0.00 $236.04 $42,290.10
103 $42,290.10 $307.62 $0.00 $239.11 $42,836.83
104 $42,836.83 $307.62 $0.00 $242.21 $43,386.66
105 $43,386.66 $307.62 $0.00 $245.31 $43,939.59
106 $43,939.59 $307.62 $0.00 $248.44 $44,495.65
107 $44,495.65 $307.62 $0.00 $251.58 $45,054.85
108 $45,054.85 $307.62 $0.00 $254.75 $45,617.22
109 $45,617.22 $307.62 $0.00 $257.93 $46,182.77
110 $46,182.77 $307.62 $0.00 $261.12 $46,751.51
111 $46,751.51 $307.62 $0.00 $264.34 $47,323.47
112 $47,323.47 $307.62 $0.00 $267.57 $47,898.66
113 $47,898.66 $307.62 $0.00 $270.83 $48,477.11
114 $48,477.11 $307.62 $0.00 $274.10 $49,058.83
115 $49,058.83 $307.62 $0.00 $277.39 $49,643.84
116 $49,643.84 $307.62 $0.00 $280.69 $50,232.15
117 $50,232.15 $307.62 $0.00 $284.02 $50,823.79
118 $50,823.79 $307.62 $0.00 $287.37 $51,418.78
119 $51,418.78 $307.62 $0.00 $290.73 $52,017.13
120 $52,017.13 $307.62 $0.00 $294.11 $52,618.86
121 $52,618.86 $307.62 $0.00 $297.51 $53,223.99
122 $53,223.99 $307.62 $0.00 $300.94 $53,832.55
123 $53,832.55 $307.62 $0.00 $304.38 $54,444.55
124 $54,444.55 $307.62 $0.00 $307.84 $55,060.01
125 $55,060.01 $307.62 $0.00 $311.32 $55,678.95
126 $55,678.95 $307.62 $0.00 $314.82 $56,301.39
127 $56,301.39 $307.62 $0.00 $318.34 $56,927.35
128 $56,927.35 $307.62 $0.00 $321.88 $57,556.85
129 $57,556.85 $307.62 $0.00 $325.43 $58,189.90
130 $58,189.90 $307.62 $0.00 $329.01 $58,826.53
131 $58,826.53 $307.62 $0.00 $332.61 $59,466.76
132 $59,466.76 $307.62 $0.00 $336.23 $60,110.61
133 $60,110.61 $307.62 $0.00 $339.87 $60,758.10
134 $60,758.10 $307.62 $0.00 $343.54 $61,409.26
135 $61,409.26 $307.62 $0.00 $347.22 $62,064.10
136 $62,064.10 $307.62 $0.00 $350.92 $62,722.64
137 $62,722.64 $307.62 $0.00 $354.64 $63,384.90
138 $63,384.90 $307.62 $0.00 $358.39 $64,050.91
139 $64,050.91 $307.62 $0.00 $362.15 $64,720.68
140 $64,720.68 $307.62 $0.00 $365.94 $65,394.24
141 $65,394.24 $307.62 $0.00 $369.75 $66,071.61
142 $66,071.61 $307.62 $0.00 $373.58 $66,752.81
143 $66,752.81 $307.62 $0.00 $377.43 $67,437.86
144 $67,437.86 $307.62 $0.00 $381.30 $68,126.78
145 $68,126.78 $307.62 $0.00 $385.20 $68,819.60
146 $68,819.60 $307.62 $0.00 $389.12 $69,516.34
147 $69,516.34 $307.62 $0.00 $393.06 $70,217.02
148 $70,217.02 $307.62 $0.00 $397.02 $70,921.66
149 $70,921.66 $307.62 $0.00 $401.00 $71,630.28
150 $71,630.28 $307.62 $0.00 $405.01 $72,342.91
151 $72,342.91 $307.62 $0.00 $409.04 $73,059.57
152 $73,059.57 $307.62 $0.00 $413.09 $73,780.28
153 $73,780.28 $307.62 $0.00 $417.16 $74,505.06
154 $74,505.06 $307.62 $0.00 $421.26 $75,233.94
155 $75,233.94 $307.62 $0.00 $425.38 $75,966.94
156 $75,966.94 $307.62 $0.00 $429.53 $76,704.09
157 $76,704.09 $307.62 $0.00 $433.70 $77,445.41
158 $77,445.41 $307.62 $0.00 $437.89 $78,190.92
159 $78,190.92 $307.62 $0.00 $442.10 $78,940.64
160 $78,940.64 $307.62 $0.00 $446.34 $79,694.60
161 $79,694.60 $307.62 $0.00 $450.60 $80,452.82
162 $80,452.82 $307.62 $0.00 $454.89 $81,215.33
163 $81,215.33 $307.62 $0.00 $459.20 $81,982.15
164 $81,982.15 $307.62 $0.00 $463.54 $82,753.31
165 $82,753.31 $307.62 $0.00 $467.90 $83,528.83
166 $83,528.83 $307.62 $0.00 $472.28 $84,308.73
167 $84,308.73 $307.62 $0.00 $476.69 $85,093.04
168 $85,093.04 $307.62 $0.00 $481.13 $85,881.79
169 $85,881.79 $307.62 $0.00 $485.59 $86,675.00
170 $86,675.00 $307.62 $0.00 $490.07 $87,472.69
171 $87,472.69 $307.62 $0.00 $494.58 $88,274.89
172 $88,274.89 $307.62 $0.00 $499.12 $89,081.63
173 $89,081.63 $307.62 $0.00 $503.68 $89,892.93
174 $89,892.93 $307.62 $0.00 $508.27 $90,708.82
175 $90,708.82 $307.62 $0.00 $512.88 $91,529.32
176 $91,529.32 $307.62 $0.00 $517.52 $92,354.46
177 $92,354.46 $307.62 $0.00 $522.19 $93,184.27
178 $93,184.27 $307.62 $0.00 $526.88 $94,018.77
179 $94,018.77 $307.62 $0.00 $531.60 $94,857.99
180 $94,857.99 $307.62 $0.00 $536.34 $95,701.95
181 $95,701.95 $307.62 $0.00 $541.11 $96,550.68
182 $96,550.68 $307.62 $0.00 $545.91 $97,404.21
183 $97,404.21 $307.62 $0.00 $550.74 $98,262.57
184 $98,262.57 $307.62 $0.00 $555.59 $99,125.78
185 $99,125.78 $307.62 $0.00 $560.47 $99,993.87
186 $99,993.87 $307.62 $0.00 $565.38 $100,866.87
187 $100,866.87 $307.62 $0.00 $570.32 $101,744.81
188 $101,744.81 $307.62 $0.00 $575.28 $102,627.71
189 $102,627.71 $307.62 $0.00 $580.27 $103,515.60
190 $103,515.60 $307.62 $0.00 $585.29 $104,408.51
191 $104,408.51 $307.62 $0.00 $590.34 $105,306.47
192 $105,306.47 $307.62 $0.00 $595.42 $106,209.51
193 $106,209.51 $307.62 $0.00 $600.52 $107,117.65
194 $107,117.65 $307.62 $0.00 $605.66 $108,030.93
195 $108,030.93 $307.62 $0.00 $610.82 $108,949.37
196 $108,949.37 $307.62 $0.00 $616.02 $109,873.01
197 $109,873.01 $307.62 $0.00 $621.24 $110,801.87
198 $110,801.87 $307.62 $0.00 $626.49 $111,735.98
199 $111,735.98 $307.62 $0.00 $631.77 $112,675.37
200 $112,675.37 $307.62 $0.00 $637.08 $113,620.07
201 $113,620.07 $307.62 $0.00 $642.42 $114,570.11
202 $114,570.11 $307.62 $0.00 $647.80 $115,525.53
203 $115,525.53 $307.62 $0.00 $653.20 $116,486.35
204 $116,486.35 $307.62 $0.00 $658.63 $117,452.60
205 $117,452.60 $307.62 $0.00 $664.09 $118,424.31
206 $118,424.31 $307.62 $0.00 $669.59 $119,401.52
207 $119,401.52 $307.62 $0.00 $675.11 $120,384.25
208 $120,384.25 $307.62 $0.00 $680.67 $121,372.54
209 $121,372.54 $307.62 $0.00 $686.26 $122,366.42
210 $122,366.42 $307.62 $0.00 $691.88 $123,365.92
211 $123,365.92 $307.62 $0.00 $697.53 $124,371.07
212 $124,371.07 $307.62 $0.00 $703.21 $125,381.90
213 $125,381.90 $307.62 $0.00 $708.93 $126,398.45
214 $126,398.45 $307.62 $0.00 $714.68 $127,420.75
215 $127,420.75 $307.62 $0.00 $720.46 $128,448.83
216 $128,448.83 $307.62 $0.00 $726.27 $129,482.72
217 $129,482.72 $307.62 $67,527.33 $732.11 $62,995.12
218 $62,995.12 $307.62 $0.00 $356.18 $63,658.92
219 $63,658.92 $307.62 $0.00 $359.94 $64,326.48
220 $64,326.48 $307.62 $0.00 $363.71 $64,997.81
221 $64,997.81 $307.62 $0.00 $367.51 $65,672.94
222 $65,672.94 $307.62 $0.00 $371.32 $66,351.88
223 $66,351.88 $307.62 $0.00 $375.16 $67,034.66
224 $67,034.66 $307.62 $0.00 $379.02 $67,721.30
225 $67,721.30 $307.62 $0.00 $382.91 $68,411.83
226 $68,411.83 $307.62 $0.00 $386.81 $69,106.26
227 $69,106.26 $307.62 $0.00 $390.74 $69,804.62
228 $69,804.62 $307.62 $0.00 $394.69 $70,506.93
229 $70,506.93 $0.00 $70,903.70 $398.66 $1.89