Savings Plan and Future Cost Estimation for Georgia Piedmont 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$52,029
Monthly savings required$231

How much will it cost to send your child to Georgia Piedmont Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $104,058.85 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $231.24 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$21,092.00
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 $231.24 $0.00 $0.00 $231.24
2 $231.24 $231.24 $0.00 $1.31 $463.79
3 $463.79 $231.24 $0.00 $2.62 $697.65
4 $697.65 $231.24 $0.00 $3.94 $932.83
5 $932.83 $231.24 $0.00 $5.27 $1,169.34
6 $1,169.34 $231.24 $0.00 $6.61 $1,407.19
7 $1,407.19 $231.24 $0.00 $7.96 $1,646.39
8 $1,646.39 $231.24 $0.00 $9.31 $1,886.94
9 $1,886.94 $231.24 $0.00 $10.67 $2,128.85
10 $2,128.85 $231.24 $0.00 $12.04 $2,372.13
11 $2,372.13 $231.24 $0.00 $13.41 $2,616.78
12 $2,616.78 $231.24 $0.00 $14.80 $2,862.82
13 $2,862.82 $231.24 $0.00 $16.19 $3,110.25
14 $3,110.25 $231.24 $0.00 $17.59 $3,359.08
15 $3,359.08 $231.24 $0.00 $18.99 $3,609.31
16 $3,609.31 $231.24 $0.00 $20.41 $3,860.96
17 $3,860.96 $231.24 $0.00 $21.83 $4,114.03
18 $4,114.03 $231.24 $0.00 $23.26 $4,368.53
19 $4,368.53 $231.24 $0.00 $24.70 $4,624.47
20 $4,624.47 $231.24 $0.00 $26.15 $4,881.86
21 $4,881.86 $231.24 $0.00 $27.60 $5,140.70
22 $5,140.70 $231.24 $0.00 $29.07 $5,401.01
23 $5,401.01 $231.24 $0.00 $30.54 $5,662.79
24 $5,662.79 $231.24 $0.00 $32.02 $5,926.05
25 $5,926.05 $231.24 $0.00 $33.51 $6,190.80
26 $6,190.80 $231.24 $0.00 $35.00 $6,457.04
27 $6,457.04 $231.24 $0.00 $36.51 $6,724.79
28 $6,724.79 $231.24 $0.00 $38.02 $6,994.05
29 $6,994.05 $231.24 $0.00 $39.55 $7,264.84
30 $7,264.84 $231.24 $0.00 $41.08 $7,537.16
31 $7,537.16 $231.24 $0.00 $42.62 $7,811.02
32 $7,811.02 $231.24 $0.00 $44.16 $8,086.42
33 $8,086.42 $231.24 $0.00 $45.72 $8,363.38
34 $8,363.38 $231.24 $0.00 $47.29 $8,641.91
35 $8,641.91 $231.24 $0.00 $48.86 $8,922.01
36 $8,922.01 $231.24 $0.00 $50.45 $9,203.70
37 $9,203.70 $231.24 $0.00 $52.04 $9,486.98
38 $9,486.98 $231.24 $0.00 $53.64 $9,771.86
39 $9,771.86 $231.24 $0.00 $55.25 $10,058.35
40 $10,058.35 $231.24 $0.00 $56.87 $10,346.46
41 $10,346.46 $231.24 $0.00 $58.50 $10,636.20
42 $10,636.20 $231.24 $0.00 $60.14 $10,927.58
43 $10,927.58 $231.24 $0.00 $61.79 $11,220.61
44 $11,220.61 $231.24 $0.00 $63.44 $11,515.29
45 $11,515.29 $231.24 $0.00 $65.11 $11,811.64
46 $11,811.64 $231.24 $0.00 $66.78 $12,109.66
47 $12,109.66 $231.24 $0.00 $68.47 $12,409.37
48 $12,409.37 $231.24 $0.00 $70.16 $12,710.77
49 $12,710.77 $231.24 $0.00 $71.87 $13,013.88
50 $13,013.88 $231.24 $0.00 $73.58 $13,318.70
51 $13,318.70 $231.24 $0.00 $75.31 $13,625.25
52 $13,625.25 $231.24 $0.00 $77.04 $13,933.53
53 $13,933.53 $231.24 $0.00 $78.78 $14,243.55
54 $14,243.55 $231.24 $0.00 $80.54 $14,555.33
55 $14,555.33 $231.24 $0.00 $82.30 $14,868.87
56 $14,868.87 $231.24 $0.00 $84.07 $15,184.18
57 $15,184.18 $231.24 $0.00 $85.85 $15,501.27
58 $15,501.27 $231.24 $0.00 $87.65 $15,820.16
59 $15,820.16 $231.24 $0.00 $89.45 $16,140.85
60 $16,140.85 $231.24 $0.00 $91.26 $16,463.35
61 $16,463.35 $231.24 $0.00 $93.09 $16,787.68
62 $16,787.68 $231.24 $0.00 $94.92 $17,113.84
63 $17,113.84 $231.24 $0.00 $96.76 $17,441.84
64 $17,441.84 $231.24 $0.00 $98.62 $17,771.70
65 $17,771.70 $231.24 $0.00 $100.48 $18,103.42
66 $18,103.42 $231.24 $0.00 $102.36 $18,437.02
67 $18,437.02 $231.24 $0.00 $104.25 $18,772.51
68 $18,772.51 $231.24 $0.00 $106.14 $19,109.89
69 $19,109.89 $231.24 $0.00 $108.05 $19,449.18
70 $19,449.18 $231.24 $0.00 $109.97 $19,790.39
71 $19,790.39 $231.24 $0.00 $111.90 $20,133.53
72 $20,133.53 $231.24 $0.00 $113.84 $20,478.61
73 $20,478.61 $231.24 $0.00 $115.79 $20,825.64
74 $20,825.64 $231.24 $0.00 $117.75 $21,174.63
75 $21,174.63 $231.24 $0.00 $119.72 $21,525.59
76 $21,525.59 $231.24 $0.00 $121.71 $21,878.54
77 $21,878.54 $231.24 $0.00 $123.70 $22,233.48
78 $22,233.48 $231.24 $0.00 $125.71 $22,590.43
79 $22,590.43 $231.24 $0.00 $127.73 $22,949.40
80 $22,949.40 $231.24 $0.00 $129.76 $23,310.40
81 $23,310.40 $231.24 $0.00 $131.80 $23,673.44
82 $23,673.44 $231.24 $0.00 $133.85 $24,038.53
83 $24,038.53 $231.24 $0.00 $135.92 $24,405.69
84 $24,405.69 $231.24 $0.00 $137.99 $24,774.92
85 $24,774.92 $231.24 $0.00 $140.08 $25,146.24
86 $25,146.24 $231.24 $0.00 $142.18 $25,519.66
87 $25,519.66 $231.24 $0.00 $144.29 $25,895.19
88 $25,895.19 $231.24 $0.00 $146.42 $26,272.85
89 $26,272.85 $231.24 $0.00 $148.55 $26,652.64
90 $26,652.64 $231.24 $0.00 $150.70 $27,034.58
91 $27,034.58 $231.24 $0.00 $152.86 $27,418.68
92 $27,418.68 $231.24 $0.00 $155.03 $27,804.95
93 $27,804.95 $231.24 $0.00 $157.21 $28,193.40
94 $28,193.40 $231.24 $0.00 $159.41 $28,584.05
95 $28,584.05 $231.24 $0.00 $161.62 $28,976.91
96 $28,976.91 $231.24 $0.00 $163.84 $29,371.99
97 $29,371.99 $231.24 $0.00 $166.07 $29,769.30
98 $29,769.30 $231.24 $0.00 $168.32 $30,168.86
99 $30,168.86 $231.24 $0.00 $170.58 $30,570.68
100 $30,570.68 $231.24 $0.00 $172.85 $30,974.77
101 $30,974.77 $231.24 $0.00 $175.14 $31,381.15
102 $31,381.15 $231.24 $0.00 $177.43 $31,789.82
103 $31,789.82 $231.24 $0.00 $179.74 $32,200.80
104 $32,200.80 $231.24 $0.00 $182.07 $32,614.11
105 $32,614.11 $231.24 $0.00 $184.40 $33,029.75
106 $33,029.75 $231.24 $0.00 $186.76 $33,447.75
107 $33,447.75 $231.24 $0.00 $189.12 $33,868.11
108 $33,868.11 $231.24 $0.00 $191.50 $34,290.85
109 $34,290.85 $231.24 $0.00 $193.89 $34,715.98
110 $34,715.98 $231.24 $0.00 $196.29 $35,143.51
111 $35,143.51 $231.24 $0.00 $198.71 $35,573.46
112 $35,573.46 $231.24 $0.00 $201.14 $36,005.84
113 $36,005.84 $231.24 $0.00 $203.58 $36,440.66
114 $36,440.66 $231.24 $0.00 $206.04 $36,877.94
115 $36,877.94 $231.24 $0.00 $208.51 $37,317.69
116 $37,317.69 $231.24 $0.00 $211.00 $37,759.93
117 $37,759.93 $231.24 $0.00 $213.50 $38,204.67
118 $38,204.67 $231.24 $0.00 $216.01 $38,651.92
119 $38,651.92 $231.24 $0.00 $218.54 $39,101.70
120 $39,101.70 $231.24 $0.00 $221.09 $39,554.03
121 $39,554.03 $231.24 $0.00 $223.64 $40,008.91
122 $40,008.91 $231.24 $0.00 $226.22 $40,466.37
123 $40,466.37 $231.24 $0.00 $228.80 $40,926.41
124 $40,926.41 $231.24 $0.00 $231.40 $41,389.05
125 $41,389.05 $231.24 $0.00 $234.02 $41,854.31
126 $41,854.31 $231.24 $0.00 $236.65 $42,322.20
127 $42,322.20 $231.24 $0.00 $239.30 $42,792.74
128 $42,792.74 $231.24 $0.00 $241.96 $43,265.94
129 $43,265.94 $231.24 $0.00 $244.63 $43,741.81
130 $43,741.81 $231.24 $0.00 $247.32 $44,220.37
131 $44,220.37 $231.24 $0.00 $250.03 $44,701.64
132 $44,701.64 $231.24 $0.00 $252.75 $45,185.63
133 $45,185.63 $231.24 $0.00 $255.49 $45,672.36
134 $45,672.36 $231.24 $0.00 $258.24 $46,161.84
135 $46,161.84 $231.24 $0.00 $261.01 $46,654.09
136 $46,654.09 $231.24 $0.00 $263.79 $47,149.12
137 $47,149.12 $231.24 $0.00 $266.59 $47,646.95
138 $47,646.95 $231.24 $0.00 $269.40 $48,147.59
139 $48,147.59 $231.24 $0.00 $272.23 $48,651.06
140 $48,651.06 $231.24 $0.00 $275.08 $49,157.38
141 $49,157.38 $231.24 $0.00 $277.94 $49,666.56
142 $49,666.56 $231.24 $0.00 $280.82 $50,178.62
143 $50,178.62 $231.24 $0.00 $283.72 $50,693.58
144 $50,693.58 $231.24 $0.00 $286.63 $51,211.45
145 $51,211.45 $231.24 $0.00 $289.56 $51,732.25
146 $51,732.25 $231.24 $0.00 $292.50 $52,255.99
147 $52,255.99 $231.24 $0.00 $295.46 $52,782.69
148 $52,782.69 $231.24 $0.00 $298.44 $53,312.37
149 $53,312.37 $231.24 $0.00 $301.44 $53,845.05
150 $53,845.05 $231.24 $0.00 $304.45 $54,380.74
151 $54,380.74 $231.24 $0.00 $307.48 $54,919.46
152 $54,919.46 $231.24 $0.00 $310.52 $55,461.22
153 $55,461.22 $231.24 $0.00 $313.59 $56,006.05
154 $56,006.05 $231.24 $0.00 $316.67 $56,553.96
155 $56,553.96 $231.24 $0.00 $319.76 $57,104.96
156 $57,104.96 $231.24 $0.00 $322.88 $57,659.08
157 $57,659.08 $231.24 $0.00 $326.01 $58,216.33
158 $58,216.33 $231.24 $0.00 $329.16 $58,776.73
159 $58,776.73 $231.24 $0.00 $332.33 $59,340.30
160 $59,340.30 $231.24 $0.00 $335.52 $59,907.06
161 $59,907.06 $231.24 $0.00 $338.72 $60,477.02
162 $60,477.02 $231.24 $0.00 $341.95 $61,050.21
163 $61,050.21 $231.24 $0.00 $345.19 $61,626.64
164 $61,626.64 $231.24 $0.00 $348.45 $62,206.33
165 $62,206.33 $231.24 $0.00 $351.72 $62,789.29
166 $62,789.29 $231.24 $0.00 $355.02 $63,375.55
167 $63,375.55 $231.24 $0.00 $358.33 $63,965.12
168 $63,965.12 $231.24 $0.00 $361.67 $64,558.03
169 $64,558.03 $231.24 $0.00 $365.02 $65,154.29
170 $65,154.29 $231.24 $0.00 $368.39 $65,753.92
171 $65,753.92 $231.24 $0.00 $371.78 $66,356.94
172 $66,356.94 $231.24 $0.00 $375.19 $66,963.37
173 $66,963.37 $231.24 $0.00 $378.62 $67,573.23
174 $67,573.23 $231.24 $0.00 $382.07 $68,186.54
175 $68,186.54 $231.24 $0.00 $385.54 $68,803.32
176 $68,803.32 $231.24 $0.00 $389.02 $69,423.58
177 $69,423.58 $231.24 $0.00 $392.53 $70,047.35
178 $70,047.35 $231.24 $0.00 $396.06 $70,674.65
179 $70,674.65 $231.24 $0.00 $399.60 $71,305.49
180 $71,305.49 $231.24 $0.00 $403.17 $71,939.90
181 $71,939.90 $231.24 $0.00 $406.76 $72,577.90
182 $72,577.90 $231.24 $0.00 $410.37 $73,219.51
183 $73,219.51 $231.24 $0.00 $413.99 $73,864.74
184 $73,864.74 $231.24 $0.00 $417.64 $74,513.62
185 $74,513.62 $231.24 $0.00 $421.31 $75,166.17
186 $75,166.17 $231.24 $0.00 $425.00 $75,822.41
187 $75,822.41 $231.24 $0.00 $428.71 $76,482.36
188 $76,482.36 $231.24 $0.00 $432.44 $77,146.04
189 $77,146.04 $231.24 $0.00 $436.19 $77,813.47
190 $77,813.47 $231.24 $0.00 $439.97 $78,484.68
191 $78,484.68 $231.24 $0.00 $443.76 $79,159.68
192 $79,159.68 $231.24 $0.00 $447.58 $79,838.50
193 $79,838.50 $231.24 $0.00 $451.42 $80,521.16
194 $80,521.16 $231.24 $0.00 $455.28 $81,207.68
195 $81,207.68 $231.24 $0.00 $459.16 $81,898.08
196 $81,898.08 $231.24 $0.00 $463.06 $82,592.38
197 $82,592.38 $231.24 $0.00 $466.99 $83,290.61
198 $83,290.61 $231.24 $0.00 $470.94 $83,992.79
199 $83,992.79 $231.24 $0.00 $474.91 $84,698.94
200 $84,698.94 $231.24 $0.00 $478.90 $85,409.08
201 $85,409.08 $231.24 $0.00 $482.92 $86,123.24
202 $86,123.24 $231.24 $0.00 $486.95 $86,841.43
203 $86,841.43 $231.24 $0.00 $491.01 $87,563.68
204 $87,563.68 $231.24 $0.00 $495.10 $88,290.02
205 $88,290.02 $231.24 $0.00 $499.20 $89,020.46
206 $89,020.46 $231.24 $0.00 $503.33 $89,755.03
207 $89,755.03 $231.24 $0.00 $507.49 $90,493.76
208 $90,493.76 $231.24 $0.00 $511.66 $91,236.66
209 $91,236.66 $231.24 $0.00 $515.87 $91,983.77
210 $91,983.77 $231.24 $0.00 $520.09 $92,735.10
211 $92,735.10 $231.24 $0.00 $524.34 $93,490.68
212 $93,490.68 $231.24 $0.00 $528.61 $94,250.53
213 $94,250.53 $231.24 $0.00 $532.91 $95,014.68
214 $95,014.68 $231.24 $0.00 $537.23 $95,783.15
215 $95,783.15 $231.24 $0.00 $541.57 $96,555.96
216 $96,555.96 $231.24 $0.00 $545.94 $97,333.14
217 $97,333.14 $231.24 $50,760.41 $550.34 $47,354.31
218 $47,354.31 $231.24 $0.00 $267.75 $47,853.30
219 $47,853.30 $231.24 $0.00 $270.57 $48,355.11
220 $48,355.11 $231.24 $0.00 $273.41 $48,859.76
221 $48,859.76 $231.24 $0.00 $276.26 $49,367.26
222 $49,367.26 $231.24 $0.00 $279.13 $49,877.63
223 $49,877.63 $231.24 $0.00 $282.02 $50,390.89
224 $50,390.89 $231.24 $0.00 $284.92 $50,907.05
225 $50,907.05 $231.24 $0.00 $287.84 $51,426.13
226 $51,426.13 $231.24 $0.00 $290.77 $51,948.14
227 $51,948.14 $231.24 $0.00 $293.72 $52,473.10
228 $52,473.10 $231.24 $0.00 $296.69 $53,001.03
229 $53,001.03 $0.00 $53,298.43 $299.68 $2.28