Savings Plan and Future Cost Estimation for North Georgia 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$26,419
Monthly savings required$117

How much will it cost to send your child to North Georgia Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $52,838.53 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $117.41 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$10,710.00
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 $117.41 $0.00 $0.00 $117.41
2 $117.41 $117.41 $0.00 $0.66 $235.48
3 $235.48 $117.41 $0.00 $1.33 $354.22
4 $354.22 $117.41 $0.00 $2.00 $473.63
5 $473.63 $117.41 $0.00 $2.68 $593.72
6 $593.72 $117.41 $0.00 $3.36 $714.49
7 $714.49 $117.41 $0.00 $4.04 $835.94
8 $835.94 $117.41 $0.00 $4.73 $958.08
9 $958.08 $117.41 $0.00 $5.42 $1,080.91
10 $1,080.91 $117.41 $0.00 $6.11 $1,204.43
11 $1,204.43 $117.41 $0.00 $6.81 $1,328.65
12 $1,328.65 $117.41 $0.00 $7.51 $1,453.57
13 $1,453.57 $117.41 $0.00 $8.22 $1,579.20
14 $1,579.20 $117.41 $0.00 $8.93 $1,705.54
15 $1,705.54 $117.41 $0.00 $9.64 $1,832.59
16 $1,832.59 $117.41 $0.00 $10.36 $1,960.36
17 $1,960.36 $117.41 $0.00 $11.08 $2,088.85
18 $2,088.85 $117.41 $0.00 $11.81 $2,218.07
19 $2,218.07 $117.41 $0.00 $12.54 $2,348.02
20 $2,348.02 $117.41 $0.00 $13.28 $2,478.71
21 $2,478.71 $117.41 $0.00 $14.01 $2,610.13
22 $2,610.13 $117.41 $0.00 $14.76 $2,742.30
23 $2,742.30 $117.41 $0.00 $15.51 $2,875.22
24 $2,875.22 $117.41 $0.00 $16.26 $3,008.89
25 $3,008.89 $117.41 $0.00 $17.01 $3,143.31
26 $3,143.31 $117.41 $0.00 $17.77 $3,278.49
27 $3,278.49 $117.41 $0.00 $18.54 $3,414.44
28 $3,414.44 $117.41 $0.00 $19.31 $3,551.16
29 $3,551.16 $117.41 $0.00 $20.08 $3,688.65
30 $3,688.65 $117.41 $0.00 $20.86 $3,826.92
31 $3,826.92 $117.41 $0.00 $21.64 $3,965.97
32 $3,965.97 $117.41 $0.00 $22.42 $4,105.80
33 $4,105.80 $117.41 $0.00 $23.21 $4,246.42
34 $4,246.42 $117.41 $0.00 $24.01 $4,387.84
35 $4,387.84 $117.41 $0.00 $24.81 $4,530.06
36 $4,530.06 $117.41 $0.00 $25.61 $4,673.08
37 $4,673.08 $117.41 $0.00 $26.42 $4,816.91
38 $4,816.91 $117.41 $0.00 $27.24 $4,961.56
39 $4,961.56 $117.41 $0.00 $28.05 $5,107.02
40 $5,107.02 $117.41 $0.00 $28.88 $5,253.31
41 $5,253.31 $117.41 $0.00 $29.70 $5,400.42
42 $5,400.42 $117.41 $0.00 $30.53 $5,548.36
43 $5,548.36 $117.41 $0.00 $31.37 $5,697.14
44 $5,697.14 $117.41 $0.00 $32.21 $5,846.76
45 $5,846.76 $117.41 $0.00 $33.06 $5,997.23
46 $5,997.23 $117.41 $0.00 $33.91 $6,148.55
47 $6,148.55 $117.41 $0.00 $34.76 $6,300.72
48 $6,300.72 $117.41 $0.00 $35.63 $6,453.76
49 $6,453.76 $117.41 $0.00 $36.49 $6,607.66
50 $6,607.66 $117.41 $0.00 $37.36 $6,762.43
51 $6,762.43 $117.41 $0.00 $38.24 $6,918.08
52 $6,918.08 $117.41 $0.00 $39.12 $7,074.61
53 $7,074.61 $117.41 $0.00 $40.00 $7,232.02
54 $7,232.02 $117.41 $0.00 $40.89 $7,390.32
55 $7,390.32 $117.41 $0.00 $41.79 $7,549.52
56 $7,549.52 $117.41 $0.00 $42.69 $7,709.62
57 $7,709.62 $117.41 $0.00 $43.59 $7,870.62
58 $7,870.62 $117.41 $0.00 $44.50 $8,032.53
59 $8,032.53 $117.41 $0.00 $45.42 $8,195.36
60 $8,195.36 $117.41 $0.00 $46.34 $8,359.11
61 $8,359.11 $117.41 $0.00 $47.26 $8,523.78
62 $8,523.78 $117.41 $0.00 $48.19 $8,689.38
63 $8,689.38 $117.41 $0.00 $49.13 $8,855.92
64 $8,855.92 $117.41 $0.00 $50.07 $9,023.40
65 $9,023.40 $117.41 $0.00 $51.02 $9,191.83
66 $9,191.83 $117.41 $0.00 $51.97 $9,361.21
67 $9,361.21 $117.41 $0.00 $52.93 $9,531.55
68 $9,531.55 $117.41 $0.00 $53.89 $9,702.85
69 $9,702.85 $117.41 $0.00 $54.86 $9,875.12
70 $9,875.12 $117.41 $0.00 $55.84 $10,048.37
71 $10,048.37 $117.41 $0.00 $56.81 $10,222.59
72 $10,222.59 $117.41 $0.00 $57.80 $10,397.80
73 $10,397.80 $117.41 $0.00 $58.79 $10,574.00
74 $10,574.00 $117.41 $0.00 $59.79 $10,751.20
75 $10,751.20 $117.41 $0.00 $60.79 $10,929.40
76 $10,929.40 $117.41 $0.00 $61.80 $11,108.61
77 $11,108.61 $117.41 $0.00 $62.81 $11,288.83
78 $11,288.83 $117.41 $0.00 $63.83 $11,470.07
79 $11,470.07 $117.41 $0.00 $64.85 $11,652.33
80 $11,652.33 $117.41 $0.00 $65.88 $11,835.62
81 $11,835.62 $117.41 $0.00 $66.92 $12,019.95
82 $12,019.95 $117.41 $0.00 $67.96 $12,205.32
83 $12,205.32 $117.41 $0.00 $69.01 $12,391.74
84 $12,391.74 $117.41 $0.00 $70.06 $12,579.21
85 $12,579.21 $117.41 $0.00 $71.12 $12,767.74
86 $12,767.74 $117.41 $0.00 $72.19 $12,957.34
87 $12,957.34 $117.41 $0.00 $73.26 $13,148.01
88 $13,148.01 $117.41 $0.00 $74.34 $13,339.76
89 $13,339.76 $117.41 $0.00 $75.42 $13,532.59
90 $13,532.59 $117.41 $0.00 $76.52 $13,726.52
91 $13,726.52 $117.41 $0.00 $77.61 $13,921.54
92 $13,921.54 $117.41 $0.00 $78.71 $14,117.66
93 $14,117.66 $117.41 $0.00 $79.82 $14,314.89
94 $14,314.89 $117.41 $0.00 $80.94 $14,513.24
95 $14,513.24 $117.41 $0.00 $82.06 $14,712.71
96 $14,712.71 $117.41 $0.00 $83.19 $14,913.31
97 $14,913.31 $117.41 $0.00 $84.32 $15,115.04
98 $15,115.04 $117.41 $0.00 $85.46 $15,317.91
99 $15,317.91 $117.41 $0.00 $86.61 $15,521.93
100 $15,521.93 $117.41 $0.00 $87.76 $15,727.10
101 $15,727.10 $117.41 $0.00 $88.92 $15,933.43
102 $15,933.43 $117.41 $0.00 $90.09 $16,140.93
103 $16,140.93 $117.41 $0.00 $91.26 $16,349.60
104 $16,349.60 $117.41 $0.00 $92.44 $16,559.45
105 $16,559.45 $117.41 $0.00 $93.63 $16,770.49
106 $16,770.49 $117.41 $0.00 $94.82 $16,982.72
107 $16,982.72 $117.41 $0.00 $96.02 $17,196.15
108 $17,196.15 $117.41 $0.00 $97.23 $17,410.79
109 $17,410.79 $117.41 $0.00 $98.44 $17,626.64
110 $17,626.64 $117.41 $0.00 $99.66 $17,843.71
111 $17,843.71 $117.41 $0.00 $100.89 $18,062.01
112 $18,062.01 $117.41 $0.00 $102.13 $18,281.55
113 $18,281.55 $117.41 $0.00 $103.37 $18,502.33
114 $18,502.33 $117.41 $0.00 $104.61 $18,724.35
115 $18,724.35 $117.41 $0.00 $105.87 $18,947.63
116 $18,947.63 $117.41 $0.00 $107.13 $19,172.17
117 $19,172.17 $117.41 $0.00 $108.40 $19,397.98
118 $19,397.98 $117.41 $0.00 $109.68 $19,625.07
119 $19,625.07 $117.41 $0.00 $110.96 $19,853.44
120 $19,853.44 $117.41 $0.00 $112.25 $20,083.10
121 $20,083.10 $117.41 $0.00 $113.55 $20,314.06
122 $20,314.06 $117.41 $0.00 $114.86 $20,546.33
123 $20,546.33 $117.41 $0.00 $116.17 $20,779.91
124 $20,779.91 $117.41 $0.00 $117.49 $21,014.81
125 $21,014.81 $117.41 $0.00 $118.82 $21,251.04
126 $21,251.04 $117.41 $0.00 $120.16 $21,488.61
127 $21,488.61 $117.41 $0.00 $121.50 $21,727.52
128 $21,727.52 $117.41 $0.00 $122.85 $21,967.78
129 $21,967.78 $117.41 $0.00 $124.21 $22,209.40
130 $22,209.40 $117.41 $0.00 $125.58 $22,452.39
131 $22,452.39 $117.41 $0.00 $126.95 $22,696.75
132 $22,696.75 $117.41 $0.00 $128.33 $22,942.49
133 $22,942.49 $117.41 $0.00 $129.72 $23,189.62
134 $23,189.62 $117.41 $0.00 $131.12 $23,438.15
135 $23,438.15 $117.41 $0.00 $132.52 $23,688.08
136 $23,688.08 $117.41 $0.00 $133.94 $23,939.43
137 $23,939.43 $117.41 $0.00 $135.36 $24,192.20
138 $24,192.20 $117.41 $0.00 $136.79 $24,446.40
139 $24,446.40 $117.41 $0.00 $138.22 $24,702.03
140 $24,702.03 $117.41 $0.00 $139.67 $24,959.11
141 $24,959.11 $117.41 $0.00 $141.12 $25,217.64
142 $25,217.64 $117.41 $0.00 $142.58 $25,477.63
143 $25,477.63 $117.41 $0.00 $144.05 $25,739.09
144 $25,739.09 $117.41 $0.00 $145.53 $26,002.03
145 $26,002.03 $117.41 $0.00 $147.02 $26,266.46
146 $26,266.46 $117.41 $0.00 $148.51 $26,532.38
147 $26,532.38 $117.41 $0.00 $150.02 $26,799.81
148 $26,799.81 $117.41 $0.00 $151.53 $27,068.75
149 $27,068.75 $117.41 $0.00 $153.05 $27,339.21
150 $27,339.21 $117.41 $0.00 $154.58 $27,611.20
151 $27,611.20 $117.41 $0.00 $156.12 $27,884.73
152 $27,884.73 $117.41 $0.00 $157.66 $28,159.80
153 $28,159.80 $117.41 $0.00 $159.22 $28,436.43
154 $28,436.43 $117.41 $0.00 $160.78 $28,714.62
155 $28,714.62 $117.41 $0.00 $162.36 $28,994.39
156 $28,994.39 $117.41 $0.00 $163.94 $29,275.74
157 $29,275.74 $117.41 $0.00 $165.53 $29,558.68
158 $29,558.68 $117.41 $0.00 $167.13 $29,843.22
159 $29,843.22 $117.41 $0.00 $168.74 $30,129.37
160 $30,129.37 $117.41 $0.00 $170.36 $30,417.14
161 $30,417.14 $117.41 $0.00 $171.98 $30,706.53
162 $30,706.53 $117.41 $0.00 $173.62 $30,997.56
163 $30,997.56 $117.41 $0.00 $175.26 $31,290.23
164 $31,290.23 $117.41 $0.00 $176.92 $31,584.56
165 $31,584.56 $117.41 $0.00 $178.58 $31,880.55
166 $31,880.55 $117.41 $0.00 $180.26 $32,178.22
167 $32,178.22 $117.41 $0.00 $181.94 $32,477.57
168 $32,477.57 $117.41 $0.00 $183.63 $32,778.61
169 $32,778.61 $117.41 $0.00 $185.34 $33,081.36
170 $33,081.36 $117.41 $0.00 $187.05 $33,385.82
171 $33,385.82 $117.41 $0.00 $188.77 $33,692.00
172 $33,692.00 $117.41 $0.00 $190.50 $33,999.91
173 $33,999.91 $117.41 $0.00 $192.24 $34,309.56
174 $34,309.56 $117.41 $0.00 $193.99 $34,620.96
175 $34,620.96 $117.41 $0.00 $195.75 $34,934.12
176 $34,934.12 $117.41 $0.00 $197.52 $35,249.05
177 $35,249.05 $117.41 $0.00 $199.30 $35,565.76
178 $35,565.76 $117.41 $0.00 $201.09 $35,884.26
179 $35,884.26 $117.41 $0.00 $202.89 $36,204.56
180 $36,204.56 $117.41 $0.00 $204.71 $36,526.68
181 $36,526.68 $117.41 $0.00 $206.53 $36,850.62
182 $36,850.62 $117.41 $0.00 $208.36 $37,176.39
183 $37,176.39 $117.41 $0.00 $210.20 $37,504.00
184 $37,504.00 $117.41 $0.00 $212.05 $37,833.46
185 $37,833.46 $117.41 $0.00 $213.92 $38,164.79
186 $38,164.79 $117.41 $0.00 $215.79 $38,497.99
187 $38,497.99 $117.41 $0.00 $217.67 $38,833.07
188 $38,833.07 $117.41 $0.00 $219.57 $39,170.05
189 $39,170.05 $117.41 $0.00 $221.47 $39,508.93
190 $39,508.93 $117.41 $0.00 $223.39 $39,849.73
191 $39,849.73 $117.41 $0.00 $225.32 $40,192.46
192 $40,192.46 $117.41 $0.00 $227.25 $40,537.12
193 $40,537.12 $117.41 $0.00 $229.20 $40,883.73
194 $40,883.73 $117.41 $0.00 $231.16 $41,232.30
195 $41,232.30 $117.41 $0.00 $233.13 $41,582.84
196 $41,582.84 $117.41 $0.00 $235.12 $41,935.37
197 $41,935.37 $117.41 $0.00 $237.11 $42,289.89
198 $42,289.89 $117.41 $0.00 $239.11 $42,646.41
199 $42,646.41 $117.41 $0.00 $241.13 $43,004.95
200 $43,004.95 $117.41 $0.00 $243.16 $43,365.52
201 $43,365.52 $117.41 $0.00 $245.19 $43,728.12
202 $43,728.12 $117.41 $0.00 $247.25 $44,092.78
203 $44,092.78 $117.41 $0.00 $249.31 $44,459.50
204 $44,459.50 $117.41 $0.00 $251.38 $44,828.29
205 $44,828.29 $117.41 $0.00 $253.47 $45,199.17
206 $45,199.17 $117.41 $0.00 $255.56 $45,572.14
207 $45,572.14 $117.41 $0.00 $257.67 $45,947.22
208 $45,947.22 $117.41 $0.00 $259.79 $46,324.42
209 $46,324.42 $117.41 $0.00 $261.93 $46,703.76
210 $46,703.76 $117.41 $0.00 $264.07 $47,085.24
211 $47,085.24 $117.41 $0.00 $266.23 $47,468.88
212 $47,468.88 $117.41 $0.00 $268.40 $47,854.69
213 $47,854.69 $117.41 $0.00 $270.58 $48,242.68
214 $48,242.68 $117.41 $0.00 $272.77 $48,632.86
215 $48,632.86 $117.41 $0.00 $274.98 $49,025.25
216 $49,025.25 $117.41 $0.00 $277.20 $49,419.86
217 $49,419.86 $117.41 $25,774.89 $279.43 $24,041.81
218 $24,041.81 $117.41 $0.00 $135.94 $24,295.16
219 $24,295.16 $117.41 $0.00 $137.37 $24,549.94
220 $24,549.94 $117.41 $0.00 $138.81 $24,806.16
221 $24,806.16 $117.41 $0.00 $140.26 $25,063.83
222 $25,063.83 $117.41 $0.00 $141.71 $25,322.95
223 $25,322.95 $117.41 $0.00 $143.18 $25,583.54
224 $25,583.54 $117.41 $0.00 $144.65 $25,845.60
225 $25,845.60 $117.41 $0.00 $146.13 $26,109.14
226 $26,109.14 $117.41 $0.00 $147.62 $26,374.17
227 $26,374.17 $117.41 $0.00 $149.12 $26,640.70
228 $26,640.70 $117.41 $0.00 $150.63 $26,908.74
229 $26,908.74 $0.00 $27,063.64 $152.15 ($2.75)