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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$64,089
Monthly savings required$507

How much will it cost to send your child to Georgia Gwinnett College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $256,354.11 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $507.31 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$24,714.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $507.31 $0.00 $0.00 $507.31
2 $507.31 $507.31 $0.00 $2.87 $1,017.49
3 $1,017.49 $507.31 $0.00 $5.75 $1,530.55
4 $1,530.55 $507.31 $0.00 $8.65 $2,046.51
5 $2,046.51 $507.31 $0.00 $11.57 $2,565.39
6 $2,565.39 $507.31 $0.00 $14.51 $3,087.21
7 $3,087.21 $507.31 $0.00 $17.46 $3,611.98
8 $3,611.98 $507.31 $0.00 $20.42 $4,139.71
9 $4,139.71 $507.31 $0.00 $23.41 $4,670.43
10 $4,670.43 $507.31 $0.00 $26.41 $5,204.15
11 $5,204.15 $507.31 $0.00 $29.43 $5,740.89
12 $5,740.89 $507.31 $0.00 $32.46 $6,280.66
13 $6,280.66 $507.31 $0.00 $35.51 $6,823.48
14 $6,823.48 $507.31 $0.00 $38.58 $7,369.37
15 $7,369.37 $507.31 $0.00 $41.67 $7,918.35
16 $7,918.35 $507.31 $0.00 $44.77 $8,470.43
17 $8,470.43 $507.31 $0.00 $47.89 $9,025.63
18 $9,025.63 $507.31 $0.00 $51.03 $9,583.97
19 $9,583.97 $507.31 $0.00 $54.19 $10,145.47
20 $10,145.47 $507.31 $0.00 $57.36 $10,710.14
21 $10,710.14 $507.31 $0.00 $60.56 $11,278.01
22 $11,278.01 $507.31 $0.00 $63.77 $11,849.09
23 $11,849.09 $507.31 $0.00 $67.00 $12,423.40
24 $12,423.40 $507.31 $0.00 $70.24 $13,000.95
25 $13,000.95 $507.31 $0.00 $73.51 $13,581.77
26 $13,581.77 $507.31 $0.00 $76.79 $14,165.87
27 $14,165.87 $507.31 $0.00 $80.10 $14,753.28
28 $14,753.28 $507.31 $0.00 $83.42 $15,344.01
29 $15,344.01 $507.31 $0.00 $86.76 $15,938.08
30 $15,938.08 $507.31 $0.00 $90.12 $16,535.51
31 $16,535.51 $507.31 $0.00 $93.49 $17,136.31
32 $17,136.31 $507.31 $0.00 $96.89 $17,740.51
33 $17,740.51 $507.31 $0.00 $100.31 $18,348.13
34 $18,348.13 $507.31 $0.00 $103.74 $18,959.18
35 $18,959.18 $507.31 $0.00 $107.20 $19,573.69
36 $19,573.69 $507.31 $0.00 $110.67 $20,191.67
37 $20,191.67 $507.31 $0.00 $114.17 $20,813.15
38 $20,813.15 $507.31 $0.00 $117.68 $21,438.14
39 $21,438.14 $507.31 $0.00 $121.21 $22,066.66
40 $22,066.66 $507.31 $0.00 $124.77 $22,698.74
41 $22,698.74 $507.31 $0.00 $128.34 $23,334.39
42 $23,334.39 $507.31 $0.00 $131.94 $23,973.64
43 $23,973.64 $507.31 $0.00 $135.55 $24,616.50
44 $24,616.50 $507.31 $0.00 $139.19 $25,263.00
45 $25,263.00 $507.31 $0.00 $142.84 $25,913.15
46 $25,913.15 $507.31 $0.00 $146.52 $26,566.98
47 $26,566.98 $507.31 $0.00 $150.21 $27,224.50
48 $27,224.50 $507.31 $0.00 $153.93 $27,885.74
49 $27,885.74 $507.31 $0.00 $157.67 $28,550.72
50 $28,550.72 $507.31 $0.00 $161.43 $29,219.46
51 $29,219.46 $507.31 $0.00 $165.21 $29,891.98
52 $29,891.98 $507.31 $0.00 $169.01 $30,568.30
53 $30,568.30 $507.31 $0.00 $172.84 $31,248.45
54 $31,248.45 $507.31 $0.00 $176.68 $31,932.44
55 $31,932.44 $507.31 $0.00 $180.55 $32,620.30
56 $32,620.30 $507.31 $0.00 $184.44 $33,312.05
57 $33,312.05 $507.31 $0.00 $188.35 $34,007.71
58 $34,007.71 $507.31 $0.00 $192.28 $34,707.30
59 $34,707.30 $507.31 $0.00 $196.24 $35,410.85
60 $35,410.85 $507.31 $0.00 $200.22 $36,118.38
61 $36,118.38 $507.31 $0.00 $204.22 $36,829.91
62 $36,829.91 $507.31 $0.00 $208.24 $37,545.46
63 $37,545.46 $507.31 $0.00 $212.29 $38,265.06
64 $38,265.06 $507.31 $0.00 $216.36 $38,988.73
65 $38,988.73 $507.31 $0.00 $220.45 $39,716.49
66 $39,716.49 $507.31 $0.00 $224.56 $40,448.36
67 $40,448.36 $507.31 $0.00 $228.70 $41,184.37
68 $41,184.37 $507.31 $0.00 $232.86 $41,924.54
69 $41,924.54 $507.31 $0.00 $237.05 $42,668.90
70 $42,668.90 $507.31 $0.00 $241.26 $43,417.47
71 $43,417.47 $507.31 $0.00 $245.49 $44,170.27
72 $44,170.27 $507.31 $0.00 $249.75 $44,927.33
73 $44,927.33 $507.31 $0.00 $254.03 $45,688.67
74 $45,688.67 $507.31 $0.00 $258.33 $46,454.31
75 $46,454.31 $507.31 $0.00 $262.66 $47,224.28
76 $47,224.28 $507.31 $0.00 $267.01 $47,998.60
77 $47,998.60 $507.31 $0.00 $271.39 $48,777.30
78 $48,777.30 $507.31 $0.00 $275.79 $49,560.40
79 $49,560.40 $507.31 $0.00 $280.22 $50,347.93
80 $50,347.93 $507.31 $0.00 $284.67 $51,139.91
81 $51,139.91 $507.31 $0.00 $289.15 $51,936.37
82 $51,936.37 $507.31 $0.00 $293.66 $52,737.34
83 $52,737.34 $507.31 $0.00 $298.18 $53,542.83
84 $53,542.83 $507.31 $0.00 $302.74 $54,352.88
85 $54,352.88 $507.31 $0.00 $307.32 $55,167.51
86 $55,167.51 $507.31 $0.00 $311.93 $55,986.75
87 $55,986.75 $507.31 $0.00 $316.56 $56,810.62
88 $56,810.62 $507.31 $0.00 $321.22 $57,639.15
89 $57,639.15 $507.31 $0.00 $325.90 $58,472.36
90 $58,472.36 $507.31 $0.00 $330.61 $59,310.28
91 $59,310.28 $507.31 $0.00 $335.35 $60,152.94
92 $60,152.94 $507.31 $0.00 $340.11 $61,000.36
93 $61,000.36 $507.31 $0.00 $344.90 $61,852.57
94 $61,852.57 $507.31 $0.00 $349.72 $62,709.60
95 $62,709.60 $507.31 $0.00 $354.57 $63,571.48
96 $63,571.48 $507.31 $0.00 $359.44 $64,438.23
97 $64,438.23 $507.31 $0.00 $364.34 $65,309.88
98 $65,309.88 $507.31 $0.00 $369.27 $66,186.46
99 $66,186.46 $507.31 $0.00 $374.23 $67,068.00
100 $67,068.00 $507.31 $0.00 $379.21 $67,954.52
101 $67,954.52 $507.31 $0.00 $384.22 $68,846.05
102 $68,846.05 $507.31 $0.00 $389.27 $69,742.63
103 $69,742.63 $507.31 $0.00 $394.33 $70,644.27
104 $70,644.27 $507.31 $0.00 $399.43 $71,551.01
105 $71,551.01 $507.31 $0.00 $404.56 $72,462.88
106 $72,462.88 $507.31 $0.00 $409.72 $73,379.91
107 $73,379.91 $507.31 $0.00 $414.90 $74,302.12
108 $74,302.12 $507.31 $0.00 $420.11 $75,229.54
109 $75,229.54 $507.31 $0.00 $425.36 $76,162.21
110 $76,162.21 $507.31 $0.00 $430.63 $77,100.15
111 $77,100.15 $507.31 $0.00 $435.94 $78,043.40
112 $78,043.40 $507.31 $0.00 $441.27 $78,991.98
113 $78,991.98 $507.31 $0.00 $446.63 $79,945.92
114 $79,945.92 $507.31 $0.00 $452.03 $80,905.26
115 $80,905.26 $507.31 $0.00 $457.45 $81,870.02
116 $81,870.02 $507.31 $0.00 $462.90 $82,840.23
117 $82,840.23 $507.31 $0.00 $468.39 $83,815.93
118 $83,815.93 $507.31 $0.00 $473.91 $84,797.15
119 $84,797.15 $507.31 $0.00 $479.46 $85,783.92
120 $85,783.92 $507.31 $0.00 $485.03 $86,776.26
121 $86,776.26 $507.31 $0.00 $490.65 $87,774.22
122 $87,774.22 $507.31 $0.00 $496.29 $88,777.82
123 $88,777.82 $507.31 $0.00 $501.96 $89,787.09
124 $89,787.09 $507.31 $0.00 $507.67 $90,802.07
125 $90,802.07 $507.31 $0.00 $513.41 $91,822.79
126 $91,822.79 $507.31 $0.00 $519.18 $92,849.28
127 $92,849.28 $507.31 $0.00 $524.98 $93,881.57
128 $93,881.57 $507.31 $0.00 $530.82 $94,919.70
129 $94,919.70 $507.31 $0.00 $536.69 $95,963.70
130 $95,963.70 $507.31 $0.00 $542.59 $97,013.60
131 $97,013.60 $507.31 $0.00 $548.53 $98,069.44
132 $98,069.44 $507.31 $0.00 $554.50 $99,131.25
133 $99,131.25 $507.31 $0.00 $560.50 $100,199.06
134 $100,199.06 $507.31 $0.00 $566.54 $101,272.91
135 $101,272.91 $507.31 $0.00 $572.61 $102,352.83
136 $102,352.83 $507.31 $0.00 $578.72 $103,438.86
137 $103,438.86 $507.31 $0.00 $584.86 $104,531.03
138 $104,531.03 $507.31 $0.00 $591.03 $105,629.37
139 $105,629.37 $507.31 $0.00 $597.24 $106,733.92
140 $106,733.92 $507.31 $0.00 $603.49 $107,844.72
141 $107,844.72 $507.31 $0.00 $609.77 $108,961.80
142 $108,961.80 $507.31 $0.00 $616.09 $110,085.20
143 $110,085.20 $507.31 $0.00 $622.44 $111,214.95
144 $111,214.95 $507.31 $0.00 $628.83 $112,351.09
145 $112,351.09 $507.31 $0.00 $635.25 $113,493.65
146 $113,493.65 $507.31 $0.00 $641.71 $114,642.67
147 $114,642.67 $507.31 $0.00 $648.21 $115,798.19
148 $115,798.19 $507.31 $0.00 $654.74 $116,960.24
149 $116,960.24 $507.31 $0.00 $661.31 $118,128.86
150 $118,128.86 $507.31 $0.00 $667.92 $119,304.09
151 $119,304.09 $507.31 $0.00 $674.56 $120,485.96
152 $120,485.96 $507.31 $0.00 $681.25 $121,674.52
153 $121,674.52 $507.31 $0.00 $687.97 $122,869.80
154 $122,869.80 $507.31 $0.00 $694.72 $124,071.83
155 $124,071.83 $507.31 $0.00 $701.52 $125,280.66
156 $125,280.66 $507.31 $0.00 $708.36 $126,496.33
157 $126,496.33 $507.31 $0.00 $715.23 $127,718.87
158 $127,718.87 $507.31 $0.00 $722.14 $128,948.32
159 $128,948.32 $507.31 $0.00 $729.09 $130,184.72
160 $130,184.72 $507.31 $0.00 $736.08 $131,428.11
161 $131,428.11 $507.31 $0.00 $743.11 $132,678.53
162 $132,678.53 $507.31 $0.00 $750.18 $133,936.02
163 $133,936.02 $507.31 $0.00 $757.29 $135,200.62
164 $135,200.62 $507.31 $0.00 $764.44 $136,472.37
165 $136,472.37 $507.31 $0.00 $771.63 $137,751.31
166 $137,751.31 $507.31 $0.00 $778.87 $139,037.49
167 $139,037.49 $507.31 $0.00 $786.14 $140,330.94
168 $140,330.94 $507.31 $0.00 $793.45 $141,631.70
169 $141,631.70 $507.31 $0.00 $800.81 $142,939.82
170 $142,939.82 $507.31 $0.00 $808.20 $144,255.33
171 $144,255.33 $507.31 $0.00 $815.64 $145,578.28
172 $145,578.28 $507.31 $0.00 $823.12 $146,908.71
173 $146,908.71 $507.31 $0.00 $830.64 $148,246.66
174 $148,246.66 $507.31 $0.00 $838.21 $149,592.18
175 $149,592.18 $507.31 $0.00 $845.82 $150,945.31
176 $150,945.31 $507.31 $0.00 $853.47 $152,306.09
177 $152,306.09 $507.31 $0.00 $861.16 $153,674.56
178 $153,674.56 $507.31 $0.00 $868.90 $155,050.77
179 $155,050.77 $507.31 $0.00 $876.68 $156,434.76
180 $156,434.76 $507.31 $0.00 $884.50 $157,826.57
181 $157,826.57 $507.31 $0.00 $892.37 $159,226.25
182 $159,226.25 $507.31 $0.00 $900.29 $160,633.85
183 $160,633.85 $507.31 $0.00 $908.25 $162,049.41
184 $162,049.41 $507.31 $0.00 $916.25 $163,472.97
185 $163,472.97 $507.31 $0.00 $924.30 $164,904.58
186 $164,904.58 $507.31 $0.00 $932.39 $166,344.28
187 $166,344.28 $507.31 $0.00 $940.53 $167,792.12
188 $167,792.12 $507.31 $0.00 $948.72 $169,248.15
189 $169,248.15 $507.31 $0.00 $956.95 $170,712.41
190 $170,712.41 $507.31 $0.00 $965.23 $172,184.95
191 $172,184.95 $507.31 $0.00 $973.56 $173,665.82
192 $173,665.82 $507.31 $0.00 $981.93 $175,155.06
193 $175,155.06 $507.31 $0.00 $990.35 $176,652.72
194 $176,652.72 $507.31 $0.00 $998.82 $178,158.85
195 $178,158.85 $507.31 $0.00 $1,007.34 $179,673.50
196 $179,673.50 $507.31 $0.00 $1,015.90 $181,196.71
197 $181,196.71 $507.31 $0.00 $1,024.51 $182,728.53
198 $182,728.53 $507.31 $0.00 $1,033.17 $184,269.01
199 $184,269.01 $507.31 $0.00 $1,041.88 $185,818.20
200 $185,818.20 $507.31 $0.00 $1,050.64 $187,376.15
201 $187,376.15 $507.31 $0.00 $1,059.45 $188,942.91
202 $188,942.91 $507.31 $0.00 $1,068.31 $190,518.53
203 $190,518.53 $507.31 $0.00 $1,077.22 $192,103.06
204 $192,103.06 $507.31 $0.00 $1,086.18 $193,696.55
205 $193,696.55 $507.31 $0.00 $1,095.19 $195,299.05
206 $195,299.05 $507.31 $0.00 $1,104.25 $196,910.61
207 $196,910.61 $507.31 $0.00 $1,113.36 $198,531.28
208 $198,531.28 $507.31 $0.00 $1,122.52 $200,161.11
209 $200,161.11 $507.31 $0.00 $1,131.74 $201,800.16
210 $201,800.16 $507.31 $0.00 $1,141.01 $203,448.48
211 $203,448.48 $507.31 $0.00 $1,150.33 $205,106.12
212 $205,106.12 $507.31 $0.00 $1,159.70 $206,773.13
213 $206,773.13 $507.31 $0.00 $1,169.13 $208,449.57
214 $208,449.57 $507.31 $0.00 $1,178.60 $210,135.48
215 $210,135.48 $507.31 $0.00 $1,188.14 $211,830.93
216 $211,830.93 $507.31 $0.00 $1,197.72 $213,535.96
217 $213,535.96 $507.31 $59,477.19 $1,207.36 $155,773.44
218 $155,773.44 $507.31 $0.00 $880.77 $157,161.52
219 $157,161.52 $507.31 $0.00 $888.61 $158,557.44
220 $158,557.44 $507.31 $0.00 $896.51 $159,961.26
221 $159,961.26 $507.31 $0.00 $904.44 $161,373.01
222 $161,373.01 $507.31 $0.00 $912.43 $162,792.75
223 $162,792.75 $507.31 $0.00 $920.45 $164,220.51
224 $164,220.51 $507.31 $0.00 $928.53 $165,656.35
225 $165,656.35 $507.31 $0.00 $936.65 $167,100.31
226 $167,100.31 $507.31 $0.00 $944.81 $168,552.43
227 $168,552.43 $507.31 $0.00 $953.02 $170,012.76
228 $170,012.76 $507.31 $0.00 $961.28 $171,481.35
229 $171,481.35 $507.31 $62,451.05 $969.58 $110,507.19
230 $110,507.19 $507.31 $0.00 $624.82 $111,639.32
231 $111,639.32 $507.31 $0.00 $631.22 $112,777.85
232 $112,777.85 $507.31 $0.00 $637.66 $113,922.82
233 $113,922.82 $507.31 $0.00 $644.14 $115,074.27
234 $115,074.27 $507.31 $0.00 $650.65 $116,232.23
235 $116,232.23 $507.31 $0.00 $657.19 $117,396.73
236 $117,396.73 $507.31 $0.00 $663.78 $118,567.82
237 $118,567.82 $507.31 $0.00 $670.40 $119,745.53
238 $119,745.53 $507.31 $0.00 $677.06 $120,929.90
239 $120,929.90 $507.31 $0.00 $683.76 $122,120.97
240 $122,120.97 $507.31 $0.00 $690.49 $123,318.77
241 $123,318.77 $507.31 $65,573.60 $697.26 $58,949.74
242 $58,949.74 $507.31 $0.00 $333.31 $59,790.36
243 $59,790.36 $507.31 $0.00 $338.06 $60,635.73
244 $60,635.73 $507.31 $0.00 $342.84 $61,485.88
245 $61,485.88 $507.31 $0.00 $347.65 $62,340.84
246 $62,340.84 $507.31 $0.00 $352.48 $63,200.63
247 $63,200.63 $507.31 $0.00 $357.35 $64,065.29
248 $64,065.29 $507.31 $0.00 $362.23 $64,934.83
249 $64,934.83 $507.31 $0.00 $367.15 $65,809.29
250 $65,809.29 $507.31 $0.00 $372.10 $66,688.70
251 $66,688.70 $507.31 $0.00 $377.07 $67,573.08
252 $67,573.08 $507.31 $0.00 $382.07 $68,462.46
253 $68,462.46 $0.00 $68,852.28 $387.10 ($2.72)