Savings Plan and Future Cost Estimation for Moultrie 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$22,105
Monthly savings required$98

How much will it cost to send your child to Moultrie Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $44,209.72 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $98.25 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$8,961.00
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 $98.25 $0.00 $0.00 $98.25
2 $98.25 $98.25 $0.00 $0.56 $197.06
3 $197.06 $98.25 $0.00 $1.11 $296.42
4 $296.42 $98.25 $0.00 $1.68 $396.35
5 $396.35 $98.25 $0.00 $2.24 $496.84
6 $496.84 $98.25 $0.00 $2.81 $597.90
7 $597.90 $98.25 $0.00 $3.38 $699.53
8 $699.53 $98.25 $0.00 $3.96 $801.74
9 $801.74 $98.25 $0.00 $4.53 $904.52
10 $904.52 $98.25 $0.00 $5.11 $1,007.88
11 $1,007.88 $98.25 $0.00 $5.70 $1,111.83
12 $1,111.83 $98.25 $0.00 $6.29 $1,216.37
13 $1,216.37 $98.25 $0.00 $6.88 $1,321.50
14 $1,321.50 $98.25 $0.00 $7.47 $1,427.22
15 $1,427.22 $98.25 $0.00 $8.07 $1,533.54
16 $1,533.54 $98.25 $0.00 $8.67 $1,640.46
17 $1,640.46 $98.25 $0.00 $9.28 $1,747.99
18 $1,747.99 $98.25 $0.00 $9.88 $1,856.12
19 $1,856.12 $98.25 $0.00 $10.49 $1,964.86
20 $1,964.86 $98.25 $0.00 $11.11 $2,074.22
21 $2,074.22 $98.25 $0.00 $11.73 $2,184.20
22 $2,184.20 $98.25 $0.00 $12.35 $2,294.80
23 $2,294.80 $98.25 $0.00 $12.98 $2,406.03
24 $2,406.03 $98.25 $0.00 $13.60 $2,517.88
25 $2,517.88 $98.25 $0.00 $14.24 $2,630.37
26 $2,630.37 $98.25 $0.00 $14.87 $2,743.49
27 $2,743.49 $98.25 $0.00 $15.51 $2,857.25
28 $2,857.25 $98.25 $0.00 $16.16 $2,971.66
29 $2,971.66 $98.25 $0.00 $16.80 $3,086.71
30 $3,086.71 $98.25 $0.00 $17.45 $3,202.41
31 $3,202.41 $98.25 $0.00 $18.11 $3,318.77
32 $3,318.77 $98.25 $0.00 $18.76 $3,435.78
33 $3,435.78 $98.25 $0.00 $19.43 $3,553.46
34 $3,553.46 $98.25 $0.00 $20.09 $3,671.80
35 $3,671.80 $98.25 $0.00 $20.76 $3,790.81
36 $3,790.81 $98.25 $0.00 $21.43 $3,910.49
37 $3,910.49 $98.25 $0.00 $22.11 $4,030.85
38 $4,030.85 $98.25 $0.00 $22.79 $4,151.89
39 $4,151.89 $98.25 $0.00 $23.48 $4,273.62
40 $4,273.62 $98.25 $0.00 $24.16 $4,396.03
41 $4,396.03 $98.25 $0.00 $24.86 $4,519.14
42 $4,519.14 $98.25 $0.00 $25.55 $4,642.94
43 $4,642.94 $98.25 $0.00 $26.25 $4,767.44
44 $4,767.44 $98.25 $0.00 $26.96 $4,892.65
45 $4,892.65 $98.25 $0.00 $27.66 $5,018.56
46 $5,018.56 $98.25 $0.00 $28.38 $5,145.19
47 $5,145.19 $98.25 $0.00 $29.09 $5,272.53
48 $5,272.53 $98.25 $0.00 $29.81 $5,400.59
49 $5,400.59 $98.25 $0.00 $30.54 $5,529.38
50 $5,529.38 $98.25 $0.00 $31.26 $5,658.89
51 $5,658.89 $98.25 $0.00 $32.00 $5,789.14
52 $5,789.14 $98.25 $0.00 $32.73 $5,920.12
53 $5,920.12 $98.25 $0.00 $33.47 $6,051.84
54 $6,051.84 $98.25 $0.00 $34.22 $6,184.31
55 $6,184.31 $98.25 $0.00 $34.97 $6,317.53
56 $6,317.53 $98.25 $0.00 $35.72 $6,451.50
57 $6,451.50 $98.25 $0.00 $36.48 $6,586.23
58 $6,586.23 $98.25 $0.00 $37.24 $6,721.72
59 $6,721.72 $98.25 $0.00 $38.01 $6,857.98
60 $6,857.98 $98.25 $0.00 $38.78 $6,995.01
61 $6,995.01 $98.25 $0.00 $39.55 $7,132.81
62 $7,132.81 $98.25 $0.00 $40.33 $7,271.39
63 $7,271.39 $98.25 $0.00 $41.11 $7,410.75
64 $7,410.75 $98.25 $0.00 $41.90 $7,550.90
65 $7,550.90 $98.25 $0.00 $42.69 $7,691.84
66 $7,691.84 $98.25 $0.00 $43.49 $7,833.58
67 $7,833.58 $98.25 $0.00 $44.29 $7,976.12
68 $7,976.12 $98.25 $0.00 $45.10 $8,119.47
69 $8,119.47 $98.25 $0.00 $45.91 $8,263.63
70 $8,263.63 $98.25 $0.00 $46.72 $8,408.60
71 $8,408.60 $98.25 $0.00 $47.54 $8,554.39
72 $8,554.39 $98.25 $0.00 $48.37 $8,701.01
73 $8,701.01 $98.25 $0.00 $49.20 $8,848.46
74 $8,848.46 $98.25 $0.00 $50.03 $8,996.74
75 $8,996.74 $98.25 $0.00 $50.87 $9,145.86
76 $9,145.86 $98.25 $0.00 $51.71 $9,295.82
77 $9,295.82 $98.25 $0.00 $52.56 $9,446.63
78 $9,446.63 $98.25 $0.00 $53.41 $9,598.29
79 $9,598.29 $98.25 $0.00 $54.27 $9,750.81
80 $9,750.81 $98.25 $0.00 $55.13 $9,904.19
81 $9,904.19 $98.25 $0.00 $56.00 $10,058.44
82 $10,058.44 $98.25 $0.00 $56.87 $10,213.56
83 $10,213.56 $98.25 $0.00 $57.75 $10,369.56
84 $10,369.56 $98.25 $0.00 $58.63 $10,526.44
85 $10,526.44 $98.25 $0.00 $59.52 $10,684.21
86 $10,684.21 $98.25 $0.00 $60.41 $10,842.87
87 $10,842.87 $98.25 $0.00 $61.31 $11,002.43
88 $11,002.43 $98.25 $0.00 $62.21 $11,162.89
89 $11,162.89 $98.25 $0.00 $63.12 $11,324.26
90 $11,324.26 $98.25 $0.00 $64.03 $11,486.54
91 $11,486.54 $98.25 $0.00 $64.95 $11,649.74
92 $11,649.74 $98.25 $0.00 $65.87 $11,813.86
93 $11,813.86 $98.25 $0.00 $66.80 $11,978.91
94 $11,978.91 $98.25 $0.00 $67.73 $12,144.89
95 $12,144.89 $98.25 $0.00 $68.67 $12,311.81
96 $12,311.81 $98.25 $0.00 $69.61 $12,479.67
97 $12,479.67 $98.25 $0.00 $70.56 $12,648.48
98 $12,648.48 $98.25 $0.00 $71.52 $12,818.25
99 $12,818.25 $98.25 $0.00 $72.48 $12,988.98
100 $12,988.98 $98.25 $0.00 $73.44 $13,160.67
101 $13,160.67 $98.25 $0.00 $74.41 $13,333.33
102 $13,333.33 $98.25 $0.00 $75.39 $13,506.97
103 $13,506.97 $98.25 $0.00 $76.37 $13,681.59
104 $13,681.59 $98.25 $0.00 $77.36 $13,857.20
105 $13,857.20 $98.25 $0.00 $78.35 $14,033.80
106 $14,033.80 $98.25 $0.00 $79.35 $14,211.40
107 $14,211.40 $98.25 $0.00 $80.35 $14,390.00
108 $14,390.00 $98.25 $0.00 $81.36 $14,569.61
109 $14,569.61 $98.25 $0.00 $82.38 $14,750.24
110 $14,750.24 $98.25 $0.00 $83.40 $14,931.89
111 $14,931.89 $98.25 $0.00 $84.43 $15,114.57
112 $15,114.57 $98.25 $0.00 $85.46 $15,298.28
113 $15,298.28 $98.25 $0.00 $86.50 $15,483.03
114 $15,483.03 $98.25 $0.00 $87.54 $15,668.82
115 $15,668.82 $98.25 $0.00 $88.59 $15,855.66
116 $15,855.66 $98.25 $0.00 $89.65 $16,043.56
117 $16,043.56 $98.25 $0.00 $90.71 $16,232.52
118 $16,232.52 $98.25 $0.00 $91.78 $16,422.55
119 $16,422.55 $98.25 $0.00 $92.86 $16,613.66
120 $16,613.66 $98.25 $0.00 $93.94 $16,805.85
121 $16,805.85 $98.25 $0.00 $95.02 $16,999.12
122 $16,999.12 $98.25 $0.00 $96.12 $17,193.49
123 $17,193.49 $98.25 $0.00 $97.21 $17,388.95
124 $17,388.95 $98.25 $0.00 $98.32 $17,585.52
125 $17,585.52 $98.25 $0.00 $99.43 $17,783.20
126 $17,783.20 $98.25 $0.00 $100.55 $17,982.00
127 $17,982.00 $98.25 $0.00 $101.67 $18,181.92
128 $18,181.92 $98.25 $0.00 $102.80 $18,382.97
129 $18,382.97 $98.25 $0.00 $103.94 $18,585.16
130 $18,585.16 $98.25 $0.00 $105.08 $18,788.49
131 $18,788.49 $98.25 $0.00 $106.23 $18,992.97
132 $18,992.97 $98.25 $0.00 $107.39 $19,198.61
133 $19,198.61 $98.25 $0.00 $108.55 $19,405.41
134 $19,405.41 $98.25 $0.00 $109.72 $19,613.38
135 $19,613.38 $98.25 $0.00 $110.90 $19,822.53
136 $19,822.53 $98.25 $0.00 $112.08 $20,032.86
137 $20,032.86 $98.25 $0.00 $113.27 $20,244.38
138 $20,244.38 $98.25 $0.00 $114.46 $20,457.09
139 $20,457.09 $98.25 $0.00 $115.67 $20,671.01
140 $20,671.01 $98.25 $0.00 $116.88 $20,886.14
141 $20,886.14 $98.25 $0.00 $118.09 $21,102.48
142 $21,102.48 $98.25 $0.00 $119.32 $21,320.05
143 $21,320.05 $98.25 $0.00 $120.55 $21,538.85
144 $21,538.85 $98.25 $0.00 $121.78 $21,758.88
145 $21,758.88 $98.25 $0.00 $123.03 $21,980.16
146 $21,980.16 $98.25 $0.00 $124.28 $22,202.69
147 $22,202.69 $98.25 $0.00 $125.54 $22,426.48
148 $22,426.48 $98.25 $0.00 $126.80 $22,651.53
149 $22,651.53 $98.25 $0.00 $128.08 $22,877.86
150 $22,877.86 $98.25 $0.00 $129.35 $23,105.46
151 $23,105.46 $98.25 $0.00 $130.64 $23,334.35
152 $23,334.35 $98.25 $0.00 $131.94 $23,564.54
153 $23,564.54 $98.25 $0.00 $133.24 $23,796.03
154 $23,796.03 $98.25 $0.00 $134.55 $24,028.83
155 $24,028.83 $98.25 $0.00 $135.86 $24,262.94
156 $24,262.94 $98.25 $0.00 $137.19 $24,498.38
157 $24,498.38 $98.25 $0.00 $138.52 $24,735.15
158 $24,735.15 $98.25 $0.00 $139.86 $24,973.26
159 $24,973.26 $98.25 $0.00 $141.20 $25,212.71
160 $25,212.71 $98.25 $0.00 $142.56 $25,453.52
161 $25,453.52 $98.25 $0.00 $143.92 $25,695.69
162 $25,695.69 $98.25 $0.00 $145.29 $25,939.23
163 $25,939.23 $98.25 $0.00 $146.66 $26,184.14
164 $26,184.14 $98.25 $0.00 $148.05 $26,430.44
165 $26,430.44 $98.25 $0.00 $149.44 $26,678.13
166 $26,678.13 $98.25 $0.00 $150.84 $26,927.22
167 $26,927.22 $98.25 $0.00 $152.25 $27,177.72
168 $27,177.72 $98.25 $0.00 $153.67 $27,429.64
169 $27,429.64 $98.25 $0.00 $155.09 $27,682.98
170 $27,682.98 $98.25 $0.00 $156.52 $27,937.75
171 $27,937.75 $98.25 $0.00 $157.96 $28,193.96
172 $28,193.96 $98.25 $0.00 $159.41 $28,451.62
173 $28,451.62 $98.25 $0.00 $160.87 $28,710.74
174 $28,710.74 $98.25 $0.00 $162.33 $28,971.32
175 $28,971.32 $98.25 $0.00 $163.81 $29,233.38
176 $29,233.38 $98.25 $0.00 $165.29 $29,496.92
177 $29,496.92 $98.25 $0.00 $166.78 $29,761.95
178 $29,761.95 $98.25 $0.00 $168.28 $30,028.48
179 $30,028.48 $98.25 $0.00 $169.79 $30,296.52
180 $30,296.52 $98.25 $0.00 $171.30 $30,566.07
181 $30,566.07 $98.25 $0.00 $172.83 $30,837.15
182 $30,837.15 $98.25 $0.00 $174.36 $31,109.76
183 $31,109.76 $98.25 $0.00 $175.90 $31,383.91
184 $31,383.91 $98.25 $0.00 $177.45 $31,659.61
185 $31,659.61 $98.25 $0.00 $179.01 $31,936.87
186 $31,936.87 $98.25 $0.00 $180.58 $32,215.70
187 $32,215.70 $98.25 $0.00 $182.15 $32,496.10
188 $32,496.10 $98.25 $0.00 $183.74 $32,778.09
189 $32,778.09 $98.25 $0.00 $185.33 $33,061.67
190 $33,061.67 $98.25 $0.00 $186.94 $33,346.86
191 $33,346.86 $98.25 $0.00 $188.55 $33,633.66
192 $33,633.66 $98.25 $0.00 $190.17 $33,922.08
193 $33,922.08 $98.25 $0.00 $191.80 $34,212.13
194 $34,212.13 $98.25 $0.00 $193.44 $34,503.82
195 $34,503.82 $98.25 $0.00 $195.09 $34,797.16
196 $34,797.16 $98.25 $0.00 $196.75 $35,092.16
197 $35,092.16 $98.25 $0.00 $198.42 $35,388.83
198 $35,388.83 $98.25 $0.00 $200.09 $35,687.17
199 $35,687.17 $98.25 $0.00 $201.78 $35,987.20
200 $35,987.20 $98.25 $0.00 $203.48 $36,288.93
201 $36,288.93 $98.25 $0.00 $205.18 $36,592.36
202 $36,592.36 $98.25 $0.00 $206.90 $36,897.51
203 $36,897.51 $98.25 $0.00 $208.62 $37,204.38
204 $37,204.38 $98.25 $0.00 $210.36 $37,512.99
205 $37,512.99 $98.25 $0.00 $212.10 $37,823.34
206 $37,823.34 $98.25 $0.00 $213.86 $38,135.45
207 $38,135.45 $98.25 $0.00 $215.62 $38,449.32
208 $38,449.32 $98.25 $0.00 $217.40 $38,764.97
209 $38,764.97 $98.25 $0.00 $219.18 $39,082.40
210 $39,082.40 $98.25 $0.00 $220.98 $39,401.63
211 $39,401.63 $98.25 $0.00 $222.78 $39,722.66
212 $39,722.66 $98.25 $0.00 $224.60 $40,045.51
213 $40,045.51 $98.25 $0.00 $226.42 $40,370.18
214 $40,370.18 $98.25 $0.00 $228.26 $40,696.69
215 $40,696.69 $98.25 $0.00 $230.11 $41,025.05
216 $41,025.05 $98.25 $0.00 $231.96 $41,355.26
217 $41,355.26 $98.25 $21,565.71 $233.83 $20,121.63
218 $20,121.63 $98.25 $0.00 $113.77 $20,333.65
219 $20,333.65 $98.25 $0.00 $114.97 $20,546.87
220 $20,546.87 $98.25 $0.00 $116.17 $20,761.29
221 $20,761.29 $98.25 $0.00 $117.39 $20,976.93
222 $20,976.93 $98.25 $0.00 $118.61 $21,193.79
223 $21,193.79 $98.25 $0.00 $119.83 $21,411.87
224 $21,411.87 $98.25 $0.00 $121.07 $21,631.19
225 $21,631.19 $98.25 $0.00 $122.31 $21,851.75
226 $21,851.75 $98.25 $0.00 $123.55 $22,073.55
227 $22,073.55 $98.25 $0.00 $124.81 $22,296.61
228 $22,296.61 $98.25 $0.00 $126.07 $22,520.93
229 $22,520.93 $0.00 $22,644.00 $127.34 $4.27