Savings Plan and Future Cost Estimation for Columbus 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$41,891
Monthly savings required$186

How much will it cost to send your child to Columbus Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $83,781.88 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $186.18 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$16,982.00
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 $186.18 $0.00 $0.00 $186.18
2 $186.18 $186.18 $0.00 $1.05 $373.41
3 $373.41 $186.18 $0.00 $2.11 $561.70
4 $561.70 $186.18 $0.00 $3.18 $751.06
5 $751.06 $186.18 $0.00 $4.25 $941.49
6 $941.49 $186.18 $0.00 $5.32 $1,132.99
7 $1,132.99 $186.18 $0.00 $6.41 $1,325.58
8 $1,325.58 $186.18 $0.00 $7.50 $1,519.26
9 $1,519.26 $186.18 $0.00 $8.59 $1,714.03
10 $1,714.03 $186.18 $0.00 $9.69 $1,909.90
11 $1,909.90 $186.18 $0.00 $10.80 $2,106.88
12 $2,106.88 $186.18 $0.00 $11.91 $2,304.97
13 $2,304.97 $186.18 $0.00 $13.03 $2,504.18
14 $2,504.18 $186.18 $0.00 $14.16 $2,704.52
15 $2,704.52 $186.18 $0.00 $15.29 $2,905.99
16 $2,905.99 $186.18 $0.00 $16.43 $3,108.60
17 $3,108.60 $186.18 $0.00 $17.58 $3,312.36
18 $3,312.36 $186.18 $0.00 $18.73 $3,517.27
19 $3,517.27 $186.18 $0.00 $19.89 $3,723.34
20 $3,723.34 $186.18 $0.00 $21.05 $3,930.57
21 $3,930.57 $186.18 $0.00 $22.22 $4,138.97
22 $4,138.97 $186.18 $0.00 $23.40 $4,348.55
23 $4,348.55 $186.18 $0.00 $24.59 $4,559.32
24 $4,559.32 $186.18 $0.00 $25.78 $4,771.28
25 $4,771.28 $186.18 $0.00 $26.98 $4,984.44
26 $4,984.44 $186.18 $0.00 $28.18 $5,198.80
27 $5,198.80 $186.18 $0.00 $29.39 $5,414.37
28 $5,414.37 $186.18 $0.00 $30.61 $5,631.16
29 $5,631.16 $186.18 $0.00 $31.84 $5,849.18
30 $5,849.18 $186.18 $0.00 $33.07 $6,068.43
31 $6,068.43 $186.18 $0.00 $34.31 $6,288.92
32 $6,288.92 $186.18 $0.00 $35.56 $6,510.66
33 $6,510.66 $186.18 $0.00 $36.81 $6,733.65
34 $6,733.65 $186.18 $0.00 $38.07 $6,957.90
35 $6,957.90 $186.18 $0.00 $39.34 $7,183.42
36 $7,183.42 $186.18 $0.00 $40.62 $7,410.22
37 $7,410.22 $186.18 $0.00 $41.90 $7,638.30
38 $7,638.30 $186.18 $0.00 $43.19 $7,867.67
39 $7,867.67 $186.18 $0.00 $44.48 $8,098.33
40 $8,098.33 $186.18 $0.00 $45.79 $8,330.30
41 $8,330.30 $186.18 $0.00 $47.10 $8,563.58
42 $8,563.58 $186.18 $0.00 $48.42 $8,798.18
43 $8,798.18 $186.18 $0.00 $49.75 $9,034.11
44 $9,034.11 $186.18 $0.00 $51.08 $9,271.37
45 $9,271.37 $186.18 $0.00 $52.42 $9,509.97
46 $9,509.97 $186.18 $0.00 $53.77 $9,749.92
47 $9,749.92 $186.18 $0.00 $55.13 $9,991.23
48 $9,991.23 $186.18 $0.00 $56.49 $10,233.90
49 $10,233.90 $186.18 $0.00 $57.86 $10,477.94
50 $10,477.94 $186.18 $0.00 $59.24 $10,723.36
51 $10,723.36 $186.18 $0.00 $60.63 $10,970.17
52 $10,970.17 $186.18 $0.00 $62.03 $11,218.38
53 $11,218.38 $186.18 $0.00 $63.43 $11,467.99
54 $11,467.99 $186.18 $0.00 $64.84 $11,719.01
55 $11,719.01 $186.18 $0.00 $66.26 $11,971.45
56 $11,971.45 $186.18 $0.00 $67.69 $12,225.32
57 $12,225.32 $186.18 $0.00 $69.12 $12,480.62
58 $12,480.62 $186.18 $0.00 $70.57 $12,737.37
59 $12,737.37 $186.18 $0.00 $72.02 $12,995.57
60 $12,995.57 $186.18 $0.00 $73.48 $13,255.23
61 $13,255.23 $186.18 $0.00 $74.95 $13,516.36
62 $13,516.36 $186.18 $0.00 $76.42 $13,778.96
63 $13,778.96 $186.18 $0.00 $77.91 $14,043.05
64 $14,043.05 $186.18 $0.00 $79.40 $14,308.63
65 $14,308.63 $186.18 $0.00 $80.90 $14,575.71
66 $14,575.71 $186.18 $0.00 $82.41 $14,844.30
67 $14,844.30 $186.18 $0.00 $83.93 $15,114.41
68 $15,114.41 $186.18 $0.00 $85.46 $15,386.05
69 $15,386.05 $186.18 $0.00 $86.99 $15,659.22
70 $15,659.22 $186.18 $0.00 $88.54 $15,933.94
71 $15,933.94 $186.18 $0.00 $90.09 $16,210.21
72 $16,210.21 $186.18 $0.00 $91.65 $16,488.04
73 $16,488.04 $186.18 $0.00 $93.23 $16,767.45
74 $16,767.45 $186.18 $0.00 $94.81 $17,048.44
75 $17,048.44 $186.18 $0.00 $96.39 $17,331.01
76 $17,331.01 $186.18 $0.00 $97.99 $17,615.18
77 $17,615.18 $186.18 $0.00 $99.60 $17,900.96
78 $17,900.96 $186.18 $0.00 $101.21 $18,188.35
79 $18,188.35 $186.18 $0.00 $102.84 $18,477.37
80 $18,477.37 $186.18 $0.00 $104.47 $18,768.02
81 $18,768.02 $186.18 $0.00 $106.12 $19,060.32
82 $19,060.32 $186.18 $0.00 $107.77 $19,354.27
83 $19,354.27 $186.18 $0.00 $109.43 $19,649.88
84 $19,649.88 $186.18 $0.00 $111.10 $19,947.16
85 $19,947.16 $186.18 $0.00 $112.78 $20,246.12
86 $20,246.12 $186.18 $0.00 $114.47 $20,546.77
87 $20,546.77 $186.18 $0.00 $116.17 $20,849.12
88 $20,849.12 $186.18 $0.00 $117.88 $21,153.18
89 $21,153.18 $186.18 $0.00 $119.60 $21,458.96
90 $21,458.96 $186.18 $0.00 $121.33 $21,766.47
91 $21,766.47 $186.18 $0.00 $123.07 $22,075.72
92 $22,075.72 $186.18 $0.00 $124.82 $22,386.72
93 $22,386.72 $186.18 $0.00 $126.58 $22,699.48
94 $22,699.48 $186.18 $0.00 $128.35 $23,014.01
95 $23,014.01 $186.18 $0.00 $130.12 $23,330.31
96 $23,330.31 $186.18 $0.00 $131.91 $23,648.40
97 $23,648.40 $186.18 $0.00 $133.71 $23,968.29
98 $23,968.29 $186.18 $0.00 $135.52 $24,289.99
99 $24,289.99 $186.18 $0.00 $137.34 $24,613.51
100 $24,613.51 $186.18 $0.00 $139.17 $24,938.86
101 $24,938.86 $186.18 $0.00 $141.01 $25,266.05
102 $25,266.05 $186.18 $0.00 $142.86 $25,595.09
103 $25,595.09 $186.18 $0.00 $144.72 $25,925.99
104 $25,925.99 $186.18 $0.00 $146.59 $26,258.76
105 $26,258.76 $186.18 $0.00 $148.47 $26,593.41
106 $26,593.41 $186.18 $0.00 $150.36 $26,929.95
107 $26,929.95 $186.18 $0.00 $152.27 $27,268.40
108 $27,268.40 $186.18 $0.00 $154.18 $27,608.76
109 $27,608.76 $186.18 $0.00 $156.10 $27,951.04
110 $27,951.04 $186.18 $0.00 $158.04 $28,295.26
111 $28,295.26 $186.18 $0.00 $159.99 $28,641.43
112 $28,641.43 $186.18 $0.00 $161.94 $28,989.55
113 $28,989.55 $186.18 $0.00 $163.91 $29,339.64
114 $29,339.64 $186.18 $0.00 $165.89 $29,691.71
115 $29,691.71 $186.18 $0.00 $167.88 $30,045.77
116 $30,045.77 $186.18 $0.00 $169.88 $30,401.83
117 $30,401.83 $186.18 $0.00 $171.90 $30,759.91
118 $30,759.91 $186.18 $0.00 $173.92 $31,120.01
119 $31,120.01 $186.18 $0.00 $175.96 $31,482.15
120 $31,482.15 $186.18 $0.00 $178.00 $31,846.33
121 $31,846.33 $186.18 $0.00 $180.06 $32,212.57
122 $32,212.57 $186.18 $0.00 $182.13 $32,580.88
123 $32,580.88 $186.18 $0.00 $184.22 $32,951.28
124 $32,951.28 $186.18 $0.00 $186.31 $33,323.77
125 $33,323.77 $186.18 $0.00 $188.42 $33,698.37
126 $33,698.37 $186.18 $0.00 $190.54 $34,075.09
127 $34,075.09 $186.18 $0.00 $192.67 $34,453.94
128 $34,453.94 $186.18 $0.00 $194.81 $34,834.93
129 $34,834.93 $186.18 $0.00 $196.96 $35,218.07
130 $35,218.07 $186.18 $0.00 $199.13 $35,603.38
131 $35,603.38 $186.18 $0.00 $201.31 $35,990.87
132 $35,990.87 $186.18 $0.00 $203.50 $36,380.55
133 $36,380.55 $186.18 $0.00 $205.70 $36,772.43
134 $36,772.43 $186.18 $0.00 $207.92 $37,166.53
135 $37,166.53 $186.18 $0.00 $210.14 $37,562.85
136 $37,562.85 $186.18 $0.00 $212.39 $37,961.42
137 $37,961.42 $186.18 $0.00 $214.64 $38,362.24
138 $38,362.24 $186.18 $0.00 $216.91 $38,765.33
139 $38,765.33 $186.18 $0.00 $219.18 $39,170.69
140 $39,170.69 $186.18 $0.00 $221.48 $39,578.35
141 $39,578.35 $186.18 $0.00 $223.78 $39,988.31
142 $39,988.31 $186.18 $0.00 $226.10 $40,400.59
143 $40,400.59 $186.18 $0.00 $228.43 $40,815.20
144 $40,815.20 $186.18 $0.00 $230.78 $41,232.16
145 $41,232.16 $186.18 $0.00 $233.13 $41,651.47
146 $41,651.47 $186.18 $0.00 $235.50 $42,073.15
147 $42,073.15 $186.18 $0.00 $237.89 $42,497.22
148 $42,497.22 $186.18 $0.00 $240.29 $42,923.69
149 $42,923.69 $186.18 $0.00 $242.70 $43,352.57
150 $43,352.57 $186.18 $0.00 $245.12 $43,783.87
151 $43,783.87 $186.18 $0.00 $247.56 $44,217.61
152 $44,217.61 $186.18 $0.00 $250.01 $44,653.80
153 $44,653.80 $186.18 $0.00 $252.48 $45,092.46
154 $45,092.46 $186.18 $0.00 $254.96 $45,533.60
155 $45,533.60 $186.18 $0.00 $257.45 $45,977.23
156 $45,977.23 $186.18 $0.00 $259.96 $46,423.37
157 $46,423.37 $186.18 $0.00 $262.48 $46,872.03
158 $46,872.03 $186.18 $0.00 $265.02 $47,323.23
159 $47,323.23 $186.18 $0.00 $267.57 $47,776.98
160 $47,776.98 $186.18 $0.00 $270.14 $48,233.30
161 $48,233.30 $186.18 $0.00 $272.72 $48,692.20
162 $48,692.20 $186.18 $0.00 $275.31 $49,153.69
163 $49,153.69 $186.18 $0.00 $277.92 $49,617.79
164 $49,617.79 $186.18 $0.00 $280.55 $50,084.52
165 $50,084.52 $186.18 $0.00 $283.19 $50,553.89
166 $50,553.89 $186.18 $0.00 $285.84 $51,025.91
167 $51,025.91 $186.18 $0.00 $288.51 $51,500.60
168 $51,500.60 $186.18 $0.00 $291.19 $51,977.97
169 $51,977.97 $186.18 $0.00 $293.89 $52,458.04
170 $52,458.04 $186.18 $0.00 $296.61 $52,940.83
171 $52,940.83 $186.18 $0.00 $299.34 $53,426.35
172 $53,426.35 $186.18 $0.00 $302.08 $53,914.61
173 $53,914.61 $186.18 $0.00 $304.84 $54,405.63
174 $54,405.63 $186.18 $0.00 $307.62 $54,899.43
175 $54,899.43 $186.18 $0.00 $310.41 $55,396.02
176 $55,396.02 $186.18 $0.00 $313.22 $55,895.42
177 $55,895.42 $186.18 $0.00 $316.04 $56,397.64
178 $56,397.64 $186.18 $0.00 $318.88 $56,902.70
179 $56,902.70 $186.18 $0.00 $321.74 $57,410.62
180 $57,410.62 $186.18 $0.00 $324.61 $57,921.41
181 $57,921.41 $186.18 $0.00 $327.50 $58,435.09
182 $58,435.09 $186.18 $0.00 $330.40 $58,951.67
183 $58,951.67 $186.18 $0.00 $333.32 $59,471.17
184 $59,471.17 $186.18 $0.00 $336.26 $59,993.61
185 $59,993.61 $186.18 $0.00 $339.21 $60,519.00
186 $60,519.00 $186.18 $0.00 $342.18 $61,047.36
187 $61,047.36 $186.18 $0.00 $345.17 $61,578.71
188 $61,578.71 $186.18 $0.00 $348.17 $62,113.06
189 $62,113.06 $186.18 $0.00 $351.20 $62,650.44
190 $62,650.44 $186.18 $0.00 $354.23 $63,190.85
191 $63,190.85 $186.18 $0.00 $357.29 $63,734.32
192 $63,734.32 $186.18 $0.00 $360.36 $64,280.86
193 $64,280.86 $186.18 $0.00 $363.45 $64,830.49
194 $64,830.49 $186.18 $0.00 $366.56 $65,383.23
195 $65,383.23 $186.18 $0.00 $369.69 $65,939.10
196 $65,939.10 $186.18 $0.00 $372.83 $66,498.11
197 $66,498.11 $186.18 $0.00 $375.99 $67,060.28
198 $67,060.28 $186.18 $0.00 $379.17 $67,625.63
199 $67,625.63 $186.18 $0.00 $382.37 $68,194.18
200 $68,194.18 $186.18 $0.00 $385.58 $68,765.94
201 $68,765.94 $186.18 $0.00 $388.81 $69,340.93
202 $69,340.93 $186.18 $0.00 $392.06 $69,919.17
203 $69,919.17 $186.18 $0.00 $395.33 $70,500.68
204 $70,500.68 $186.18 $0.00 $398.62 $71,085.48
205 $71,085.48 $186.18 $0.00 $401.93 $71,673.59
206 $71,673.59 $186.18 $0.00 $405.25 $72,265.02
207 $72,265.02 $186.18 $0.00 $408.60 $72,859.80
208 $72,859.80 $186.18 $0.00 $411.96 $73,457.94
209 $73,457.94 $186.18 $0.00 $415.34 $74,059.46
210 $74,059.46 $186.18 $0.00 $418.74 $74,664.38
211 $74,664.38 $186.18 $0.00 $422.16 $75,272.72
212 $75,272.72 $186.18 $0.00 $425.60 $75,884.50
213 $75,884.50 $186.18 $0.00 $429.06 $76,499.74
214 $76,499.74 $186.18 $0.00 $432.54 $77,118.46
215 $77,118.46 $186.18 $0.00 $436.04 $77,740.68
216 $77,740.68 $186.18 $0.00 $439.56 $78,366.42
217 $78,366.42 $186.18 $40,869.21 $443.10 $38,126.49
218 $38,126.49 $186.18 $0.00 $215.57 $38,528.24
219 $38,528.24 $186.18 $0.00 $217.84 $38,932.26
220 $38,932.26 $186.18 $0.00 $220.13 $39,338.57
221 $39,338.57 $186.18 $0.00 $222.43 $39,747.18
222 $39,747.18 $186.18 $0.00 $224.74 $40,158.10
223 $40,158.10 $186.18 $0.00 $227.06 $40,571.34
224 $40,571.34 $186.18 $0.00 $229.40 $40,986.92
225 $40,986.92 $186.18 $0.00 $231.75 $41,404.85
226 $41,404.85 $186.18 $0.00 $234.11 $41,825.14
227 $41,825.14 $186.18 $0.00 $236.49 $42,247.81
228 $42,247.81 $186.18 $0.00 $238.88 $42,672.87
229 $42,672.87 $0.00 $42,912.67 $241.28 $1.48