Savings Plan and Future Cost Estimation for Piedmont College

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$171,377
Monthly savings required$1,354

How much will it cost to send your child to Piedmont College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $685,506.36 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,354.44 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$45,680.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,354.44 $0.00 $0.00 $1,354.44
2 $1,354.44 $1,354.44 $0.00 $7.66 $2,716.54
3 $2,716.54 $1,354.44 $0.00 $15.36 $4,086.34
4 $4,086.34 $1,354.44 $0.00 $23.10 $5,463.88
5 $5,463.88 $1,354.44 $0.00 $30.89 $6,849.21
6 $6,849.21 $1,354.44 $0.00 $38.73 $8,242.38
7 $8,242.38 $1,354.44 $0.00 $46.60 $9,643.42
8 $9,643.42 $1,354.44 $0.00 $54.53 $11,052.39
9 $11,052.39 $1,354.44 $0.00 $62.49 $12,469.32
10 $12,469.32 $1,354.44 $0.00 $70.50 $13,894.26
11 $13,894.26 $1,354.44 $0.00 $78.56 $15,327.26
12 $15,327.26 $1,354.44 $0.00 $86.66 $16,768.36
13 $16,768.36 $1,354.44 $0.00 $94.81 $18,217.61
14 $18,217.61 $1,354.44 $0.00 $103.01 $19,675.06
15 $19,675.06 $1,354.44 $0.00 $111.25 $21,140.75
16 $21,140.75 $1,354.44 $0.00 $119.53 $22,614.72
17 $22,614.72 $1,354.44 $0.00 $127.87 $24,097.03
18 $24,097.03 $1,354.44 $0.00 $136.25 $25,587.72
19 $25,587.72 $1,354.44 $0.00 $144.68 $27,086.84
20 $27,086.84 $1,354.44 $0.00 $153.15 $28,594.43
21 $28,594.43 $1,354.44 $0.00 $161.68 $30,110.55
22 $30,110.55 $1,354.44 $0.00 $170.25 $31,635.24
23 $31,635.24 $1,354.44 $0.00 $178.87 $33,168.55
24 $33,168.55 $1,354.44 $0.00 $187.54 $34,710.53
25 $34,710.53 $1,354.44 $0.00 $196.26 $36,261.23
26 $36,261.23 $1,354.44 $0.00 $205.03 $37,820.70
27 $37,820.70 $1,354.44 $0.00 $213.84 $39,388.98
28 $39,388.98 $1,354.44 $0.00 $222.71 $40,966.13
29 $40,966.13 $1,354.44 $0.00 $231.63 $42,552.20
30 $42,552.20 $1,354.44 $0.00 $240.60 $44,147.24
31 $44,147.24 $1,354.44 $0.00 $249.61 $45,751.29
32 $45,751.29 $1,354.44 $0.00 $258.68 $47,364.41
33 $47,364.41 $1,354.44 $0.00 $267.81 $48,986.66
34 $48,986.66 $1,354.44 $0.00 $276.98 $50,618.08
35 $50,618.08 $1,354.44 $0.00 $286.20 $52,258.72
36 $52,258.72 $1,354.44 $0.00 $295.48 $53,908.64
37 $53,908.64 $1,354.44 $0.00 $304.81 $55,567.89
38 $55,567.89 $1,354.44 $0.00 $314.19 $57,236.52
39 $57,236.52 $1,354.44 $0.00 $323.62 $58,914.58
40 $58,914.58 $1,354.44 $0.00 $333.11 $60,602.13
41 $60,602.13 $1,354.44 $0.00 $342.65 $62,299.22
42 $62,299.22 $1,354.44 $0.00 $352.25 $64,005.91
43 $64,005.91 $1,354.44 $0.00 $361.90 $65,722.25
44 $65,722.25 $1,354.44 $0.00 $371.60 $67,448.29
45 $67,448.29 $1,354.44 $0.00 $381.36 $69,184.09
46 $69,184.09 $1,354.44 $0.00 $391.18 $70,929.71
47 $70,929.71 $1,354.44 $0.00 $401.05 $72,685.20
48 $72,685.20 $1,354.44 $0.00 $410.97 $74,450.61
49 $74,450.61 $1,354.44 $0.00 $420.95 $76,226.00
50 $76,226.00 $1,354.44 $0.00 $430.99 $78,011.43
51 $78,011.43 $1,354.44 $0.00 $441.09 $79,806.96
52 $79,806.96 $1,354.44 $0.00 $451.24 $81,612.64
53 $81,612.64 $1,354.44 $0.00 $461.45 $83,428.53
54 $83,428.53 $1,354.44 $0.00 $471.72 $85,254.69
55 $85,254.69 $1,354.44 $0.00 $482.04 $87,091.17
56 $87,091.17 $1,354.44 $0.00 $492.43 $88,938.04
57 $88,938.04 $1,354.44 $0.00 $502.87 $90,795.35
58 $90,795.35 $1,354.44 $0.00 $513.37 $92,663.16
59 $92,663.16 $1,354.44 $0.00 $523.93 $94,541.53
60 $94,541.53 $1,354.44 $0.00 $534.55 $96,430.52
61 $96,430.52 $1,354.44 $0.00 $545.23 $98,330.19
62 $98,330.19 $1,354.44 $0.00 $555.97 $100,240.60
63 $100,240.60 $1,354.44 $0.00 $566.77 $102,161.81
64 $102,161.81 $1,354.44 $0.00 $577.64 $104,093.89
65 $104,093.89 $1,354.44 $0.00 $588.56 $106,036.89
66 $106,036.89 $1,354.44 $0.00 $599.55 $107,990.88
67 $107,990.88 $1,354.44 $0.00 $610.60 $109,955.92
68 $109,955.92 $1,354.44 $0.00 $621.71 $111,932.07
69 $111,932.07 $1,354.44 $0.00 $632.88 $113,919.39
70 $113,919.39 $1,354.44 $0.00 $644.12 $115,917.95
71 $115,917.95 $1,354.44 $0.00 $655.42 $117,927.81
72 $117,927.81 $1,354.44 $0.00 $666.78 $119,949.03
73 $119,949.03 $1,354.44 $0.00 $678.21 $121,981.68
74 $121,981.68 $1,354.44 $0.00 $689.70 $124,025.82
75 $124,025.82 $1,354.44 $0.00 $701.26 $126,081.52
76 $126,081.52 $1,354.44 $0.00 $712.88 $128,148.84
77 $128,148.84 $1,354.44 $0.00 $724.57 $130,227.85
78 $130,227.85 $1,354.44 $0.00 $736.33 $132,318.62
79 $132,318.62 $1,354.44 $0.00 $748.15 $134,421.21
80 $134,421.21 $1,354.44 $0.00 $760.04 $136,535.69
81 $136,535.69 $1,354.44 $0.00 $771.99 $138,662.12
82 $138,662.12 $1,354.44 $0.00 $784.02 $140,800.58
83 $140,800.58 $1,354.44 $0.00 $796.11 $142,951.13
84 $142,951.13 $1,354.44 $0.00 $808.27 $145,113.84
85 $145,113.84 $1,354.44 $0.00 $820.49 $147,288.77
86 $147,288.77 $1,354.44 $0.00 $832.79 $149,476.00
87 $149,476.00 $1,354.44 $0.00 $845.16 $151,675.60
88 $151,675.60 $1,354.44 $0.00 $857.60 $153,887.64
89 $153,887.64 $1,354.44 $0.00 $870.10 $156,112.18
90 $156,112.18 $1,354.44 $0.00 $882.68 $158,349.30
91 $158,349.30 $1,354.44 $0.00 $895.33 $160,599.07
92 $160,599.07 $1,354.44 $0.00 $908.05 $162,861.56
93 $162,861.56 $1,354.44 $0.00 $920.84 $165,136.84
94 $165,136.84 $1,354.44 $0.00 $933.71 $167,424.99
95 $167,424.99 $1,354.44 $0.00 $946.65 $169,726.08
96 $169,726.08 $1,354.44 $0.00 $959.66 $172,040.18
97 $172,040.18 $1,354.44 $0.00 $972.74 $174,367.36
98 $174,367.36 $1,354.44 $0.00 $985.90 $176,707.70
99 $176,707.70 $1,354.44 $0.00 $999.13 $179,061.27
100 $179,061.27 $1,354.44 $0.00 $1,012.44 $181,428.15
101 $181,428.15 $1,354.44 $0.00 $1,025.82 $183,808.41
102 $183,808.41 $1,354.44 $0.00 $1,039.28 $186,202.13
103 $186,202.13 $1,354.44 $0.00 $1,052.81 $188,609.38
104 $188,609.38 $1,354.44 $0.00 $1,066.42 $191,030.24
105 $191,030.24 $1,354.44 $0.00 $1,080.11 $193,464.79
106 $193,464.79 $1,354.44 $0.00 $1,093.88 $195,913.11
107 $195,913.11 $1,354.44 $0.00 $1,107.72 $198,375.27
108 $198,375.27 $1,354.44 $0.00 $1,121.64 $200,851.35
109 $200,851.35 $1,354.44 $0.00 $1,135.64 $203,341.43
110 $203,341.43 $1,354.44 $0.00 $1,149.72 $205,845.59
111 $205,845.59 $1,354.44 $0.00 $1,163.88 $208,363.91
112 $208,363.91 $1,354.44 $0.00 $1,178.12 $210,896.47
113 $210,896.47 $1,354.44 $0.00 $1,192.44 $213,443.35
114 $213,443.35 $1,354.44 $0.00 $1,206.84 $216,004.63
115 $216,004.63 $1,354.44 $0.00 $1,221.32 $218,580.39
116 $218,580.39 $1,354.44 $0.00 $1,235.89 $221,170.72
117 $221,170.72 $1,354.44 $0.00 $1,250.53 $223,775.69
118 $223,775.69 $1,354.44 $0.00 $1,265.26 $226,395.39
119 $226,395.39 $1,354.44 $0.00 $1,280.07 $229,029.90
120 $229,029.90 $1,354.44 $0.00 $1,294.97 $231,679.31
121 $231,679.31 $1,354.44 $0.00 $1,309.95 $234,343.70
122 $234,343.70 $1,354.44 $0.00 $1,325.01 $237,023.15
123 $237,023.15 $1,354.44 $0.00 $1,340.16 $239,717.75
124 $239,717.75 $1,354.44 $0.00 $1,355.40 $242,427.59
125 $242,427.59 $1,354.44 $0.00 $1,370.72 $245,152.75
126 $245,152.75 $1,354.44 $0.00 $1,386.13 $247,893.32
127 $247,893.32 $1,354.44 $0.00 $1,401.62 $250,649.38
128 $250,649.38 $1,354.44 $0.00 $1,417.21 $253,421.03
129 $253,421.03 $1,354.44 $0.00 $1,432.88 $256,208.35
130 $256,208.35 $1,354.44 $0.00 $1,448.64 $259,011.43
131 $259,011.43 $1,354.44 $0.00 $1,464.49 $261,830.36
132 $261,830.36 $1,354.44 $0.00 $1,480.43 $264,665.23
133 $264,665.23 $1,354.44 $0.00 $1,496.46 $267,516.13
134 $267,516.13 $1,354.44 $0.00 $1,512.58 $270,383.15
135 $270,383.15 $1,354.44 $0.00 $1,528.79 $273,266.38
136 $273,266.38 $1,354.44 $0.00 $1,545.09 $276,165.91
137 $276,165.91 $1,354.44 $0.00 $1,561.48 $279,081.83
138 $279,081.83 $1,354.44 $0.00 $1,577.97 $282,014.24
139 $282,014.24 $1,354.44 $0.00 $1,594.55 $284,963.23
140 $284,963.23 $1,354.44 $0.00 $1,611.22 $287,928.89
141 $287,928.89 $1,354.44 $0.00 $1,627.99 $290,911.32
142 $290,911.32 $1,354.44 $0.00 $1,644.85 $293,910.61
143 $293,910.61 $1,354.44 $0.00 $1,661.81 $296,926.86
144 $296,926.86 $1,354.44 $0.00 $1,678.87 $299,960.17
145 $299,960.17 $1,354.44 $0.00 $1,696.02 $303,010.63
146 $303,010.63 $1,354.44 $0.00 $1,713.27 $306,078.34
147 $306,078.34 $1,354.44 $0.00 $1,730.61 $309,163.39
148 $309,163.39 $1,354.44 $0.00 $1,748.05 $312,265.88
149 $312,265.88 $1,354.44 $0.00 $1,765.60 $315,385.92
150 $315,385.92 $1,354.44 $0.00 $1,783.24 $318,523.60
151 $318,523.60 $1,354.44 $0.00 $1,800.98 $321,679.02
152 $321,679.02 $1,354.44 $0.00 $1,818.82 $324,852.28
153 $324,852.28 $1,354.44 $0.00 $1,836.76 $328,043.48
154 $328,043.48 $1,354.44 $0.00 $1,854.81 $331,252.73
155 $331,252.73 $1,354.44 $0.00 $1,872.95 $334,480.12
156 $334,480.12 $1,354.44 $0.00 $1,891.20 $337,725.76
157 $337,725.76 $1,354.44 $0.00 $1,909.55 $340,989.75
158 $340,989.75 $1,354.44 $0.00 $1,928.01 $344,272.20
159 $344,272.20 $1,354.44 $0.00 $1,946.57 $347,573.21
160 $347,573.21 $1,354.44 $0.00 $1,965.23 $350,892.88
161 $350,892.88 $1,354.44 $0.00 $1,984.00 $354,231.32
162 $354,231.32 $1,354.44 $0.00 $2,002.88 $357,588.64
163 $357,588.64 $1,354.44 $0.00 $2,021.86 $360,964.94
164 $360,964.94 $1,354.44 $0.00 $2,040.95 $364,360.33
165 $364,360.33 $1,354.44 $0.00 $2,060.15 $367,774.92
166 $367,774.92 $1,354.44 $0.00 $2,079.45 $371,208.81
167 $371,208.81 $1,354.44 $0.00 $2,098.87 $374,662.12
168 $374,662.12 $1,354.44 $0.00 $2,118.39 $378,134.95
169 $378,134.95 $1,354.44 $0.00 $2,138.03 $381,627.42
170 $381,627.42 $1,354.44 $0.00 $2,157.78 $385,139.64
171 $385,139.64 $1,354.44 $0.00 $2,177.64 $388,671.72
172 $388,671.72 $1,354.44 $0.00 $2,197.61 $392,223.77
173 $392,223.77 $1,354.44 $0.00 $2,217.69 $395,795.90
174 $395,795.90 $1,354.44 $0.00 $2,237.89 $399,388.23
175 $399,388.23 $1,354.44 $0.00 $2,258.20 $403,000.87
176 $403,000.87 $1,354.44 $0.00 $2,278.63 $406,633.94
177 $406,633.94 $1,354.44 $0.00 $2,299.17 $410,287.55
178 $410,287.55 $1,354.44 $0.00 $2,319.83 $413,961.82
179 $413,961.82 $1,354.44 $0.00 $2,340.60 $417,656.86
180 $417,656.86 $1,354.44 $0.00 $2,361.49 $421,372.79
181 $421,372.79 $1,354.44 $0.00 $2,382.50 $425,109.73
182 $425,109.73 $1,354.44 $0.00 $2,403.63 $428,867.80
183 $428,867.80 $1,354.44 $0.00 $2,424.88 $432,647.12
184 $432,647.12 $1,354.44 $0.00 $2,446.25 $436,447.81
185 $436,447.81 $1,354.44 $0.00 $2,467.74 $440,269.99
186 $440,269.99 $1,354.44 $0.00 $2,489.35 $444,113.78
187 $444,113.78 $1,354.44 $0.00 $2,511.08 $447,979.30
188 $447,979.30 $1,354.44 $0.00 $2,532.94 $451,866.68
189 $451,866.68 $1,354.44 $0.00 $2,554.92 $455,776.04
190 $455,776.04 $1,354.44 $0.00 $2,577.02 $459,707.50
191 $459,707.50 $1,354.44 $0.00 $2,599.25 $463,661.19
192 $463,661.19 $1,354.44 $0.00 $2,621.61 $467,637.24
193 $467,637.24 $1,354.44 $0.00 $2,644.09 $471,635.77
194 $471,635.77 $1,354.44 $0.00 $2,666.70 $475,656.91
195 $475,656.91 $1,354.44 $0.00 $2,689.43 $479,700.78
196 $479,700.78 $1,354.44 $0.00 $2,712.30 $483,767.52
197 $483,767.52 $1,354.44 $0.00 $2,735.29 $487,857.25
198 $487,857.25 $1,354.44 $0.00 $2,758.42 $491,970.11
199 $491,970.11 $1,354.44 $0.00 $2,781.67 $496,106.22
200 $496,106.22 $1,354.44 $0.00 $2,805.06 $500,265.72
201 $500,265.72 $1,354.44 $0.00 $2,828.58 $504,448.74
202 $504,448.74 $1,354.44 $0.00 $2,852.23 $508,655.41
203 $508,655.41 $1,354.44 $0.00 $2,876.01 $512,885.86
204 $512,885.86 $1,354.44 $0.00 $2,899.93 $517,140.23
205 $517,140.23 $1,354.44 $0.00 $2,923.99 $521,418.66
206 $521,418.66 $1,354.44 $0.00 $2,948.18 $525,721.28
207 $525,721.28 $1,354.44 $0.00 $2,972.50 $530,048.22
208 $530,048.22 $1,354.44 $0.00 $2,996.97 $534,399.63
209 $534,399.63 $1,354.44 $0.00 $3,021.57 $538,775.64
210 $538,775.64 $1,354.44 $0.00 $3,046.32 $543,176.40
211 $543,176.40 $1,354.44 $0.00 $3,071.20 $547,602.04
212 $547,602.04 $1,354.44 $0.00 $3,096.22 $552,052.70
213 $552,052.70 $1,354.44 $0.00 $3,121.39 $556,528.53
214 $556,528.53 $1,354.44 $0.00 $3,146.69 $561,029.66
215 $561,029.66 $1,354.44 $0.00 $3,172.14 $565,556.24
216 $565,556.24 $1,354.44 $0.00 $3,197.74 $570,108.42
217 $570,108.42 $1,354.44 $154,395.31 $3,223.48 $420,291.03
218 $420,291.03 $1,354.44 $0.00 $2,376.39 $424,021.86
219 $424,021.86 $1,354.44 $0.00 $2,397.48 $427,773.78
220 $427,773.78 $1,354.44 $0.00 $2,418.70 $431,546.92
221 $431,546.92 $1,354.44 $0.00 $2,440.03 $435,341.39
222 $435,341.39 $1,354.44 $0.00 $2,461.48 $439,157.31
223 $439,157.31 $1,354.44 $0.00 $2,483.06 $442,994.81
224 $442,994.81 $1,354.44 $0.00 $2,504.76 $446,854.01
225 $446,854.01 $1,354.44 $0.00 $2,526.58 $450,735.03
226 $450,735.03 $1,354.44 $0.00 $2,548.52 $454,637.99
227 $454,637.99 $1,354.44 $0.00 $2,570.59 $458,563.02
228 $458,563.02 $1,354.44 $0.00 $2,592.78 $462,510.24
229 $462,510.24 $1,354.44 $165,202.98 $2,615.10 $301,276.80
230 $301,276.80 $1,354.44 $0.00 $1,703.46 $304,334.70
231 $304,334.70 $1,354.44 $0.00 $1,720.75 $307,409.89
232 $307,409.89 $1,354.44 $0.00 $1,738.14 $310,502.47
233 $310,502.47 $1,354.44 $0.00 $1,755.63 $313,612.54
234 $313,612.54 $1,354.44 $0.00 $1,773.21 $316,740.19
235 $316,740.19 $1,354.44 $0.00 $1,790.90 $319,885.53
236 $319,885.53 $1,354.44 $0.00 $1,808.68 $323,048.65
237 $323,048.65 $1,354.44 $0.00 $1,826.56 $326,229.65
238 $326,229.65 $1,354.44 $0.00 $1,844.55 $329,428.64
239 $329,428.64 $1,354.44 $0.00 $1,862.64 $332,645.72
240 $332,645.72 $1,354.44 $0.00 $1,880.83 $335,880.99
241 $335,880.99 $1,354.44 $176,767.19 $1,899.12 $162,367.36
242 $162,367.36 $1,354.44 $0.00 $918.05 $164,639.85
243 $164,639.85 $1,354.44 $0.00 $930.90 $166,925.19
244 $166,925.19 $1,354.44 $0.00 $943.82 $169,223.45
245 $169,223.45 $1,354.44 $0.00 $956.81 $171,534.70
246 $171,534.70 $1,354.44 $0.00 $969.88 $173,859.02
247 $173,859.02 $1,354.44 $0.00 $983.02 $176,196.48
248 $176,196.48 $1,354.44 $0.00 $996.24 $178,547.16
249 $178,547.16 $1,354.44 $0.00 $1,009.53 $180,911.13
250 $180,911.13 $1,354.44 $0.00 $1,022.90 $183,288.47
251 $183,288.47 $1,354.44 $0.00 $1,036.34 $185,679.25
252 $185,679.25 $1,354.44 $0.00 $1,049.86 $188,083.55
253 $188,083.55 $0.00 $189,140.89 $1,063.45 $6.11