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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$46,558
Monthly savings required$207

How much will it cost to send your child to Gwinnett Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $93,116.19 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $206.92 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$18,874.00
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 $206.92 $0.00 $0.00 $206.92
2 $206.92 $206.92 $0.00 $1.17 $415.01
3 $415.01 $206.92 $0.00 $2.35 $624.28
4 $624.28 $206.92 $0.00 $3.53 $834.73
5 $834.73 $206.92 $0.00 $4.72 $1,046.37
6 $1,046.37 $206.92 $0.00 $5.92 $1,259.21
7 $1,259.21 $206.92 $0.00 $7.12 $1,473.25
8 $1,473.25 $206.92 $0.00 $8.33 $1,688.50
9 $1,688.50 $206.92 $0.00 $9.55 $1,904.97
10 $1,904.97 $206.92 $0.00 $10.77 $2,122.66
11 $2,122.66 $206.92 $0.00 $12.00 $2,341.58
12 $2,341.58 $206.92 $0.00 $13.24 $2,561.74
13 $2,561.74 $206.92 $0.00 $14.48 $2,783.14
14 $2,783.14 $206.92 $0.00 $15.74 $3,005.80
15 $3,005.80 $206.92 $0.00 $17.00 $3,229.72
16 $3,229.72 $206.92 $0.00 $18.26 $3,454.90
17 $3,454.90 $206.92 $0.00 $19.53 $3,681.35
18 $3,681.35 $206.92 $0.00 $20.81 $3,909.08
19 $3,909.08 $206.92 $0.00 $22.10 $4,138.10
20 $4,138.10 $206.92 $0.00 $23.40 $4,368.42
21 $4,368.42 $206.92 $0.00 $24.70 $4,600.04
22 $4,600.04 $206.92 $0.00 $26.01 $4,832.97
23 $4,832.97 $206.92 $0.00 $27.33 $5,067.22
24 $5,067.22 $206.92 $0.00 $28.65 $5,302.79
25 $5,302.79 $206.92 $0.00 $29.98 $5,539.69
26 $5,539.69 $206.92 $0.00 $31.32 $5,777.93
27 $5,777.93 $206.92 $0.00 $32.67 $6,017.52
28 $6,017.52 $206.92 $0.00 $34.02 $6,258.46
29 $6,258.46 $206.92 $0.00 $35.39 $6,500.77
30 $6,500.77 $206.92 $0.00 $36.76 $6,744.45
31 $6,744.45 $206.92 $0.00 $38.13 $6,989.50
32 $6,989.50 $206.92 $0.00 $39.52 $7,235.94
33 $7,235.94 $206.92 $0.00 $40.91 $7,483.77
34 $7,483.77 $206.92 $0.00 $42.31 $7,733.00
35 $7,733.00 $206.92 $0.00 $43.72 $7,983.64
36 $7,983.64 $206.92 $0.00 $45.14 $8,235.70
37 $8,235.70 $206.92 $0.00 $46.57 $8,489.19
38 $8,489.19 $206.92 $0.00 $48.00 $8,744.11
39 $8,744.11 $206.92 $0.00 $49.44 $9,000.47
40 $9,000.47 $206.92 $0.00 $50.89 $9,258.28
41 $9,258.28 $206.92 $0.00 $52.35 $9,517.55
42 $9,517.55 $206.92 $0.00 $53.81 $9,778.28
43 $9,778.28 $206.92 $0.00 $55.29 $10,040.49
44 $10,040.49 $206.92 $0.00 $56.77 $10,304.18
45 $10,304.18 $206.92 $0.00 $58.26 $10,569.36
46 $10,569.36 $206.92 $0.00 $59.76 $10,836.04
47 $10,836.04 $206.92 $0.00 $61.27 $11,104.23
48 $11,104.23 $206.92 $0.00 $62.78 $11,373.93
49 $11,373.93 $206.92 $0.00 $64.31 $11,645.16
50 $11,645.16 $206.92 $0.00 $65.84 $11,917.92
51 $11,917.92 $206.92 $0.00 $67.39 $12,192.23
52 $12,192.23 $206.92 $0.00 $68.94 $12,468.09
53 $12,468.09 $206.92 $0.00 $70.50 $12,745.51
54 $12,745.51 $206.92 $0.00 $72.06 $13,024.49
55 $13,024.49 $206.92 $0.00 $73.64 $13,305.05
56 $13,305.05 $206.92 $0.00 $75.23 $13,587.20
57 $13,587.20 $206.92 $0.00 $76.82 $13,870.94
58 $13,870.94 $206.92 $0.00 $78.43 $14,156.29
59 $14,156.29 $206.92 $0.00 $80.04 $14,443.25
60 $14,443.25 $206.92 $0.00 $81.66 $14,731.83
61 $14,731.83 $206.92 $0.00 $83.30 $15,022.05
62 $15,022.05 $206.92 $0.00 $84.94 $15,313.91
63 $15,313.91 $206.92 $0.00 $86.59 $15,607.42
64 $15,607.42 $206.92 $0.00 $88.25 $15,902.59
65 $15,902.59 $206.92 $0.00 $89.92 $16,199.43
66 $16,199.43 $206.92 $0.00 $91.59 $16,497.94
67 $16,497.94 $206.92 $0.00 $93.28 $16,798.14
68 $16,798.14 $206.92 $0.00 $94.98 $17,100.04
69 $17,100.04 $206.92 $0.00 $96.69 $17,403.65
70 $17,403.65 $206.92 $0.00 $98.40 $17,708.97
71 $17,708.97 $206.92 $0.00 $100.13 $18,016.02
72 $18,016.02 $206.92 $0.00 $101.87 $18,324.81
73 $18,324.81 $206.92 $0.00 $103.61 $18,635.34
74 $18,635.34 $206.92 $0.00 $105.37 $18,947.63
75 $18,947.63 $206.92 $0.00 $107.13 $19,261.68
76 $19,261.68 $206.92 $0.00 $108.91 $19,577.51
77 $19,577.51 $206.92 $0.00 $110.69 $19,895.12
78 $19,895.12 $206.92 $0.00 $112.49 $20,214.53
79 $20,214.53 $206.92 $0.00 $114.30 $20,535.75
80 $20,535.75 $206.92 $0.00 $116.11 $20,858.78
81 $20,858.78 $206.92 $0.00 $117.94 $21,183.64
82 $21,183.64 $206.92 $0.00 $119.78 $21,510.34
83 $21,510.34 $206.92 $0.00 $121.62 $21,838.88
84 $21,838.88 $206.92 $0.00 $123.48 $22,169.28
85 $22,169.28 $206.92 $0.00 $125.35 $22,501.55
86 $22,501.55 $206.92 $0.00 $127.23 $22,835.70
87 $22,835.70 $206.92 $0.00 $129.12 $23,171.74
88 $23,171.74 $206.92 $0.00 $131.02 $23,509.68
89 $23,509.68 $206.92 $0.00 $132.93 $23,849.53
90 $23,849.53 $206.92 $0.00 $134.85 $24,191.30
91 $24,191.30 $206.92 $0.00 $136.78 $24,535.00
92 $24,535.00 $206.92 $0.00 $138.72 $24,880.64
93 $24,880.64 $206.92 $0.00 $140.68 $25,228.24
94 $25,228.24 $206.92 $0.00 $142.64 $25,577.80
95 $25,577.80 $206.92 $0.00 $144.62 $25,929.34
96 $25,929.34 $206.92 $0.00 $146.61 $26,282.87
97 $26,282.87 $206.92 $0.00 $148.61 $26,638.40
98 $26,638.40 $206.92 $0.00 $150.62 $26,995.94
99 $26,995.94 $206.92 $0.00 $152.64 $27,355.50
100 $27,355.50 $206.92 $0.00 $154.67 $27,717.09
101 $27,717.09 $206.92 $0.00 $156.72 $28,080.73
102 $28,080.73 $206.92 $0.00 $158.77 $28,446.42
103 $28,446.42 $206.92 $0.00 $160.84 $28,814.18
104 $28,814.18 $206.92 $0.00 $162.92 $29,184.02
105 $29,184.02 $206.92 $0.00 $165.01 $29,555.95
106 $29,555.95 $206.92 $0.00 $167.11 $29,929.98
107 $29,929.98 $206.92 $0.00 $169.23 $30,306.13
108 $30,306.13 $206.92 $0.00 $171.36 $30,684.41
109 $30,684.41 $206.92 $0.00 $173.49 $31,064.82
110 $31,064.82 $206.92 $0.00 $175.65 $31,447.39
111 $31,447.39 $206.92 $0.00 $177.81 $31,832.12
112 $31,832.12 $206.92 $0.00 $179.98 $32,219.02
113 $32,219.02 $206.92 $0.00 $182.17 $32,608.11
114 $32,608.11 $206.92 $0.00 $184.37 $32,999.40
115 $32,999.40 $206.92 $0.00 $186.58 $33,392.90
116 $33,392.90 $206.92 $0.00 $188.81 $33,788.63
117 $33,788.63 $206.92 $0.00 $191.05 $34,186.60
118 $34,186.60 $206.92 $0.00 $193.30 $34,586.82
119 $34,586.82 $206.92 $0.00 $195.56 $34,989.30
120 $34,989.30 $206.92 $0.00 $197.83 $35,394.05
121 $35,394.05 $206.92 $0.00 $200.12 $35,801.09
122 $35,801.09 $206.92 $0.00 $202.42 $36,210.43
123 $36,210.43 $206.92 $0.00 $204.74 $36,622.09
124 $36,622.09 $206.92 $0.00 $207.07 $37,036.08
125 $37,036.08 $206.92 $0.00 $209.41 $37,452.41
126 $37,452.41 $206.92 $0.00 $211.76 $37,871.09
127 $37,871.09 $206.92 $0.00 $214.13 $38,292.14
128 $38,292.14 $206.92 $0.00 $216.51 $38,715.57
129 $38,715.57 $206.92 $0.00 $218.90 $39,141.39
130 $39,141.39 $206.92 $0.00 $221.31 $39,569.62
131 $39,569.62 $206.92 $0.00 $223.73 $40,000.27
132 $40,000.27 $206.92 $0.00 $226.17 $40,433.36
133 $40,433.36 $206.92 $0.00 $228.62 $40,868.90
134 $40,868.90 $206.92 $0.00 $231.08 $41,306.90
135 $41,306.90 $206.92 $0.00 $233.56 $41,747.38
136 $41,747.38 $206.92 $0.00 $236.05 $42,190.35
137 $42,190.35 $206.92 $0.00 $238.55 $42,635.82
138 $42,635.82 $206.92 $0.00 $241.07 $43,083.81
139 $43,083.81 $206.92 $0.00 $243.60 $43,534.33
140 $43,534.33 $206.92 $0.00 $246.15 $43,987.40
141 $43,987.40 $206.92 $0.00 $248.71 $44,443.03
142 $44,443.03 $206.92 $0.00 $251.29 $44,901.24
143 $44,901.24 $206.92 $0.00 $253.88 $45,362.04
144 $45,362.04 $206.92 $0.00 $256.48 $45,825.44
145 $45,825.44 $206.92 $0.00 $259.10 $46,291.46
146 $46,291.46 $206.92 $0.00 $261.74 $46,760.12
147 $46,760.12 $206.92 $0.00 $264.39 $47,231.43
148 $47,231.43 $206.92 $0.00 $267.05 $47,705.40
149 $47,705.40 $206.92 $0.00 $269.73 $48,182.05
150 $48,182.05 $206.92 $0.00 $272.43 $48,661.40
151 $48,661.40 $206.92 $0.00 $275.14 $49,143.46
152 $49,143.46 $206.92 $0.00 $277.86 $49,628.24
153 $49,628.24 $206.92 $0.00 $280.61 $50,115.77
154 $50,115.77 $206.92 $0.00 $283.36 $50,606.05
155 $50,606.05 $206.92 $0.00 $286.13 $51,099.10
156 $51,099.10 $206.92 $0.00 $288.92 $51,594.94
157 $51,594.94 $206.92 $0.00 $291.73 $52,093.59
158 $52,093.59 $206.92 $0.00 $294.54 $52,595.05
159 $52,595.05 $206.92 $0.00 $297.38 $53,099.35
160 $53,099.35 $206.92 $0.00 $300.23 $53,606.50
161 $53,606.50 $206.92 $0.00 $303.10 $54,116.52
162 $54,116.52 $206.92 $0.00 $305.98 $54,629.42
163 $54,629.42 $206.92 $0.00 $308.88 $55,145.22
164 $55,145.22 $206.92 $0.00 $311.80 $55,663.94
165 $55,663.94 $206.92 $0.00 $314.73 $56,185.59
166 $56,185.59 $206.92 $0.00 $317.68 $56,710.19
167 $56,710.19 $206.92 $0.00 $320.65 $57,237.76
168 $57,237.76 $206.92 $0.00 $323.63 $57,768.31
169 $57,768.31 $206.92 $0.00 $326.63 $58,301.86
170 $58,301.86 $206.92 $0.00 $329.65 $58,838.43
171 $58,838.43 $206.92 $0.00 $332.68 $59,378.03
172 $59,378.03 $206.92 $0.00 $335.73 $59,920.68
173 $59,920.68 $206.92 $0.00 $338.80 $60,466.40
174 $60,466.40 $206.92 $0.00 $341.89 $61,015.21
175 $61,015.21 $206.92 $0.00 $344.99 $61,567.12
176 $61,567.12 $206.92 $0.00 $348.11 $62,122.15
177 $62,122.15 $206.92 $0.00 $351.25 $62,680.32
178 $62,680.32 $206.92 $0.00 $354.40 $63,241.64
179 $63,241.64 $206.92 $0.00 $357.58 $63,806.14
180 $63,806.14 $206.92 $0.00 $360.77 $64,373.83
181 $64,373.83 $206.92 $0.00 $363.98 $64,944.73
182 $64,944.73 $206.92 $0.00 $367.21 $65,518.86
183 $65,518.86 $206.92 $0.00 $370.45 $66,096.23
184 $66,096.23 $206.92 $0.00 $373.72 $66,676.87
185 $66,676.87 $206.92 $0.00 $377.00 $67,260.79
186 $67,260.79 $206.92 $0.00 $380.30 $67,848.01
187 $67,848.01 $206.92 $0.00 $383.62 $68,438.55
188 $68,438.55 $206.92 $0.00 $386.96 $69,032.43
189 $69,032.43 $206.92 $0.00 $390.32 $69,629.67
190 $69,629.67 $206.92 $0.00 $393.70 $70,230.29
191 $70,230.29 $206.92 $0.00 $397.09 $70,834.30
192 $70,834.30 $206.92 $0.00 $400.51 $71,441.73
193 $71,441.73 $206.92 $0.00 $403.94 $72,052.59
194 $72,052.59 $206.92 $0.00 $407.40 $72,666.91
195 $72,666.91 $206.92 $0.00 $410.87 $73,284.70
196 $73,284.70 $206.92 $0.00 $414.36 $73,905.98
197 $73,905.98 $206.92 $0.00 $417.88 $74,530.78
198 $74,530.78 $206.92 $0.00 $421.41 $75,159.11
199 $75,159.11 $206.92 $0.00 $424.96 $75,790.99
200 $75,790.99 $206.92 $0.00 $428.53 $76,426.44
201 $76,426.44 $206.92 $0.00 $432.13 $77,065.49
202 $77,065.49 $206.92 $0.00 $435.74 $77,708.15
203 $77,708.15 $206.92 $0.00 $439.37 $78,354.44
204 $78,354.44 $206.92 $0.00 $443.03 $79,004.39
205 $79,004.39 $206.92 $0.00 $446.70 $79,658.01
206 $79,658.01 $206.92 $0.00 $450.40 $80,315.33
207 $80,315.33 $206.92 $0.00 $454.11 $80,976.36
208 $80,976.36 $206.92 $0.00 $457.85 $81,641.13
209 $81,641.13 $206.92 $0.00 $461.61 $82,309.66
210 $82,309.66 $206.92 $0.00 $465.39 $82,981.97
211 $82,981.97 $206.92 $0.00 $469.19 $83,658.08
212 $83,658.08 $206.92 $0.00 $473.01 $84,338.01
213 $84,338.01 $206.92 $0.00 $476.86 $85,021.79
214 $85,021.79 $206.92 $0.00 $480.73 $85,709.44
215 $85,709.44 $206.92 $0.00 $484.61 $86,400.97
216 $86,400.97 $206.92 $0.00 $488.52 $87,096.41
217 $87,096.41 $206.92 $45,422.53 $492.46 $42,373.26
218 $42,373.26 $206.92 $0.00 $239.58 $42,819.76
219 $42,819.76 $206.92 $0.00 $242.11 $43,268.79
220 $43,268.79 $206.92 $0.00 $244.65 $43,720.36
221 $43,720.36 $206.92 $0.00 $247.20 $44,174.48
222 $44,174.48 $206.92 $0.00 $249.77 $44,631.17
223 $44,631.17 $206.92 $0.00 $252.35 $45,090.44
224 $45,090.44 $206.92 $0.00 $254.95 $45,552.31
225 $45,552.31 $206.92 $0.00 $257.56 $46,016.79
226 $46,016.79 $206.92 $0.00 $260.19 $46,483.90
227 $46,483.90 $206.92 $0.00 $262.83 $46,953.65
228 $46,953.65 $206.92 $0.00 $265.48 $47,426.05
229 $47,426.05 $0.00 $47,693.66 $268.15 $0.54