Savings Plan and Future Cost Estimation for South Georgia College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$43,770
Monthly savings required$194

How much will it cost to send your child to South Georgia College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $87,539.71 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $194.47 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$12,512.00
Years until enrollment18
Annual Tuition Increase7%
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 $194.47 $0.00 $0.00 $194.47
2 $194.47 $194.47 $0.00 $1.10 $390.04
3 $390.04 $194.47 $0.00 $2.21 $586.72
4 $586.72 $194.47 $0.00 $3.32 $784.51
5 $784.51 $194.47 $0.00 $4.44 $983.42
6 $983.42 $194.47 $0.00 $5.56 $1,183.45
7 $1,183.45 $194.47 $0.00 $6.69 $1,384.61
8 $1,384.61 $194.47 $0.00 $7.83 $1,586.91
9 $1,586.91 $194.47 $0.00 $8.97 $1,790.35
10 $1,790.35 $194.47 $0.00 $10.12 $1,994.94
11 $1,994.94 $194.47 $0.00 $11.28 $2,200.69
12 $2,200.69 $194.47 $0.00 $12.44 $2,407.60
13 $2,407.60 $194.47 $0.00 $13.61 $2,615.68
14 $2,615.68 $194.47 $0.00 $14.79 $2,824.94
15 $2,824.94 $194.47 $0.00 $15.97 $3,035.38
16 $3,035.38 $194.47 $0.00 $17.16 $3,247.01
17 $3,247.01 $194.47 $0.00 $18.36 $3,459.84
18 $3,459.84 $194.47 $0.00 $19.56 $3,673.87
19 $3,673.87 $194.47 $0.00 $20.77 $3,889.11
20 $3,889.11 $194.47 $0.00 $21.99 $4,105.57
21 $4,105.57 $194.47 $0.00 $23.21 $4,323.25
22 $4,323.25 $194.47 $0.00 $24.44 $4,542.16
23 $4,542.16 $194.47 $0.00 $25.68 $4,762.31
24 $4,762.31 $194.47 $0.00 $26.93 $4,983.71
25 $4,983.71 $194.47 $0.00 $28.18 $5,206.36
26 $5,206.36 $194.47 $0.00 $29.44 $5,430.27
27 $5,430.27 $194.47 $0.00 $30.70 $5,655.44
28 $5,655.44 $194.47 $0.00 $31.98 $5,881.89
29 $5,881.89 $194.47 $0.00 $33.26 $6,109.62
30 $6,109.62 $194.47 $0.00 $34.54 $6,338.63
31 $6,338.63 $194.47 $0.00 $35.84 $6,568.94
32 $6,568.94 $194.47 $0.00 $37.14 $6,800.55
33 $6,800.55 $194.47 $0.00 $38.45 $7,033.47
34 $7,033.47 $194.47 $0.00 $39.77 $7,267.71
35 $7,267.71 $194.47 $0.00 $41.09 $7,503.27
36 $7,503.27 $194.47 $0.00 $42.42 $7,740.16
37 $7,740.16 $194.47 $0.00 $43.76 $7,978.39
38 $7,978.39 $194.47 $0.00 $45.11 $8,217.97
39 $8,217.97 $194.47 $0.00 $46.47 $8,458.91
40 $8,458.91 $194.47 $0.00 $47.83 $8,701.21
41 $8,701.21 $194.47 $0.00 $49.20 $8,944.88
42 $8,944.88 $194.47 $0.00 $50.58 $9,189.93
43 $9,189.93 $194.47 $0.00 $51.96 $9,436.36
44 $9,436.36 $194.47 $0.00 $53.35 $9,684.18
45 $9,684.18 $194.47 $0.00 $54.76 $9,933.41
46 $9,933.41 $194.47 $0.00 $56.16 $10,184.04
47 $10,184.04 $194.47 $0.00 $57.58 $10,436.09
48 $10,436.09 $194.47 $0.00 $59.01 $10,689.57
49 $10,689.57 $194.47 $0.00 $60.44 $10,944.48
50 $10,944.48 $194.47 $0.00 $61.88 $11,200.83
51 $11,200.83 $194.47 $0.00 $63.33 $11,458.63
52 $11,458.63 $194.47 $0.00 $64.79 $11,717.89
53 $11,717.89 $194.47 $0.00 $66.25 $11,978.61
54 $11,978.61 $194.47 $0.00 $67.73 $12,240.81
55 $12,240.81 $194.47 $0.00 $69.21 $12,504.49
56 $12,504.49 $194.47 $0.00 $70.70 $12,769.66
57 $12,769.66 $194.47 $0.00 $72.20 $13,036.33
58 $13,036.33 $194.47 $0.00 $73.71 $13,304.51
59 $13,304.51 $194.47 $0.00 $75.23 $13,574.21
60 $13,574.21 $194.47 $0.00 $76.75 $13,845.43
61 $13,845.43 $194.47 $0.00 $78.28 $14,118.18
62 $14,118.18 $194.47 $0.00 $79.83 $14,392.48
63 $14,392.48 $194.47 $0.00 $81.38 $14,668.33
64 $14,668.33 $194.47 $0.00 $82.94 $14,945.74
65 $14,945.74 $194.47 $0.00 $84.51 $15,224.72
66 $15,224.72 $194.47 $0.00 $86.08 $15,505.27
67 $15,505.27 $194.47 $0.00 $87.67 $15,787.41
68 $15,787.41 $194.47 $0.00 $89.26 $16,071.14
69 $16,071.14 $194.47 $0.00 $90.87 $16,356.48
70 $16,356.48 $194.47 $0.00 $92.48 $16,643.43
71 $16,643.43 $194.47 $0.00 $94.10 $16,932.00
72 $16,932.00 $194.47 $0.00 $95.74 $17,222.21
73 $17,222.21 $194.47 $0.00 $97.38 $17,514.06
74 $17,514.06 $194.47 $0.00 $99.03 $17,807.56
75 $17,807.56 $194.47 $0.00 $100.69 $18,102.72
76 $18,102.72 $194.47 $0.00 $102.36 $18,399.55
77 $18,399.55 $194.47 $0.00 $104.03 $18,698.05
78 $18,698.05 $194.47 $0.00 $105.72 $18,998.24
79 $18,998.24 $194.47 $0.00 $107.42 $19,300.13
80 $19,300.13 $194.47 $0.00 $109.13 $19,603.73
81 $19,603.73 $194.47 $0.00 $110.84 $19,909.04
82 $19,909.04 $194.47 $0.00 $112.57 $20,216.08
83 $20,216.08 $194.47 $0.00 $114.30 $20,524.85
84 $20,524.85 $194.47 $0.00 $116.05 $20,835.37
85 $20,835.37 $194.47 $0.00 $117.81 $21,147.65
86 $21,147.65 $194.47 $0.00 $119.57 $21,461.69
87 $21,461.69 $194.47 $0.00 $121.35 $21,777.51
88 $21,777.51 $194.47 $0.00 $123.13 $22,095.11
89 $22,095.11 $194.47 $0.00 $124.93 $22,414.51
90 $22,414.51 $194.47 $0.00 $126.73 $22,735.71
91 $22,735.71 $194.47 $0.00 $128.55 $23,058.73
92 $23,058.73 $194.47 $0.00 $130.38 $23,383.58
93 $23,383.58 $194.47 $0.00 $132.21 $23,710.26
94 $23,710.26 $194.47 $0.00 $134.06 $24,038.79
95 $24,038.79 $194.47 $0.00 $135.92 $24,369.18
96 $24,369.18 $194.47 $0.00 $137.79 $24,701.44
97 $24,701.44 $194.47 $0.00 $139.67 $25,035.58
98 $25,035.58 $194.47 $0.00 $141.55 $25,371.60
99 $25,371.60 $194.47 $0.00 $143.45 $25,709.52
100 $25,709.52 $194.47 $0.00 $145.37 $26,049.36
101 $26,049.36 $194.47 $0.00 $147.29 $26,391.12
102 $26,391.12 $194.47 $0.00 $149.22 $26,734.81
103 $26,734.81 $194.47 $0.00 $151.16 $27,080.44
104 $27,080.44 $194.47 $0.00 $153.12 $27,428.03
105 $27,428.03 $194.47 $0.00 $155.08 $27,777.58
106 $27,777.58 $194.47 $0.00 $157.06 $28,129.11
107 $28,129.11 $194.47 $0.00 $159.05 $28,482.63
108 $28,482.63 $194.47 $0.00 $161.04 $28,838.14
109 $28,838.14 $194.47 $0.00 $163.06 $29,195.67
110 $29,195.67 $194.47 $0.00 $165.08 $29,555.22
111 $29,555.22 $194.47 $0.00 $167.11 $29,916.80
112 $29,916.80 $194.47 $0.00 $169.15 $30,280.42
113 $30,280.42 $194.47 $0.00 $171.21 $30,646.10
114 $30,646.10 $194.47 $0.00 $173.28 $31,013.85
115 $31,013.85 $194.47 $0.00 $175.36 $31,383.68
116 $31,383.68 $194.47 $0.00 $177.45 $31,755.60
117 $31,755.60 $194.47 $0.00 $179.55 $32,129.62
118 $32,129.62 $194.47 $0.00 $181.67 $32,505.76
119 $32,505.76 $194.47 $0.00 $183.79 $32,884.02
120 $32,884.02 $194.47 $0.00 $185.93 $33,264.42
121 $33,264.42 $194.47 $0.00 $188.08 $33,646.97
122 $33,646.97 $194.47 $0.00 $190.24 $34,031.68
123 $34,031.68 $194.47 $0.00 $192.42 $34,418.57
124 $34,418.57 $194.47 $0.00 $194.61 $34,807.65
125 $34,807.65 $194.47 $0.00 $196.81 $35,198.93
126 $35,198.93 $194.47 $0.00 $199.02 $35,592.42
127 $35,592.42 $194.47 $0.00 $201.24 $35,988.13
128 $35,988.13 $194.47 $0.00 $203.48 $36,386.08
129 $36,386.08 $194.47 $0.00 $205.73 $36,786.28
130 $36,786.28 $194.47 $0.00 $207.99 $37,188.74
131 $37,188.74 $194.47 $0.00 $210.27 $37,593.48
132 $37,593.48 $194.47 $0.00 $212.56 $38,000.51
133 $38,000.51 $194.47 $0.00 $214.86 $38,409.84
134 $38,409.84 $194.47 $0.00 $217.17 $38,821.48
135 $38,821.48 $194.47 $0.00 $219.50 $39,235.45
136 $39,235.45 $194.47 $0.00 $221.84 $39,651.76
137 $39,651.76 $194.47 $0.00 $224.20 $40,070.43
138 $40,070.43 $194.47 $0.00 $226.56 $40,491.46
139 $40,491.46 $194.47 $0.00 $228.94 $40,914.87
140 $40,914.87 $194.47 $0.00 $231.34 $41,340.68
141 $41,340.68 $194.47 $0.00 $233.75 $41,768.90
142 $41,768.90 $194.47 $0.00 $236.17 $42,199.54
143 $42,199.54 $194.47 $0.00 $238.60 $42,632.61
144 $42,632.61 $194.47 $0.00 $241.05 $43,068.13
145 $43,068.13 $194.47 $0.00 $243.51 $43,506.11
146 $43,506.11 $194.47 $0.00 $245.99 $43,946.57
147 $43,946.57 $194.47 $0.00 $248.48 $44,389.52
148 $44,389.52 $194.47 $0.00 $250.98 $44,834.97
149 $44,834.97 $194.47 $0.00 $253.50 $45,282.94
150 $45,282.94 $194.47 $0.00 $256.04 $45,733.45
151 $45,733.45 $194.47 $0.00 $258.58 $46,186.50
152 $46,186.50 $194.47 $0.00 $261.15 $46,642.12
153 $46,642.12 $194.47 $0.00 $263.72 $47,100.31
154 $47,100.31 $194.47 $0.00 $266.31 $47,561.09
155 $47,561.09 $194.47 $0.00 $268.92 $48,024.48
156 $48,024.48 $194.47 $0.00 $271.54 $48,490.49
157 $48,490.49 $194.47 $0.00 $274.17 $48,959.13
158 $48,959.13 $194.47 $0.00 $276.82 $49,430.42
159 $49,430.42 $194.47 $0.00 $279.49 $49,904.38
160 $49,904.38 $194.47 $0.00 $282.17 $50,381.02
161 $50,381.02 $194.47 $0.00 $284.86 $50,860.35
162 $50,860.35 $194.47 $0.00 $287.57 $51,342.39
163 $51,342.39 $194.47 $0.00 $290.30 $51,827.16
164 $51,827.16 $194.47 $0.00 $293.04 $52,314.67
165 $52,314.67 $194.47 $0.00 $295.79 $52,804.93
166 $52,804.93 $194.47 $0.00 $298.57 $53,297.97
167 $53,297.97 $194.47 $0.00 $301.35 $53,793.79
168 $53,793.79 $194.47 $0.00 $304.16 $54,292.42
169 $54,292.42 $194.47 $0.00 $306.98 $54,793.87
170 $54,793.87 $194.47 $0.00 $309.81 $55,298.15
171 $55,298.15 $194.47 $0.00 $312.66 $55,805.28
172 $55,805.28 $194.47 $0.00 $315.53 $56,315.28
173 $56,315.28 $194.47 $0.00 $318.41 $56,828.16
174 $56,828.16 $194.47 $0.00 $321.31 $57,343.94
175 $57,343.94 $194.47 $0.00 $324.23 $57,862.64
176 $57,862.64 $194.47 $0.00 $327.16 $58,384.27
177 $58,384.27 $194.47 $0.00 $330.11 $58,908.85
178 $58,908.85 $194.47 $0.00 $333.08 $59,436.40
179 $59,436.40 $194.47 $0.00 $336.06 $59,966.93
180 $59,966.93 $194.47 $0.00 $339.06 $60,500.46
181 $60,500.46 $194.47 $0.00 $342.08 $61,037.01
182 $61,037.01 $194.47 $0.00 $345.11 $61,576.59
183 $61,576.59 $194.47 $0.00 $348.16 $62,119.22
184 $62,119.22 $194.47 $0.00 $351.23 $62,664.92
185 $62,664.92 $194.47 $0.00 $354.32 $63,213.71
186 $63,213.71 $194.47 $0.00 $357.42 $63,765.60
187 $63,765.60 $194.47 $0.00 $360.54 $64,320.61
188 $64,320.61 $194.47 $0.00 $363.68 $64,878.76
189 $64,878.76 $194.47 $0.00 $366.83 $65,440.06
190 $65,440.06 $194.47 $0.00 $370.01 $66,004.54
191 $66,004.54 $194.47 $0.00 $373.20 $66,572.21
192 $66,572.21 $194.47 $0.00 $376.41 $67,143.09
193 $67,143.09 $194.47 $0.00 $379.64 $67,717.20
194 $67,717.20 $194.47 $0.00 $382.88 $68,294.55
195 $68,294.55 $194.47 $0.00 $386.15 $68,875.17
196 $68,875.17 $194.47 $0.00 $389.43 $69,459.07
197 $69,459.07 $194.47 $0.00 $392.73 $70,046.27
198 $70,046.27 $194.47 $0.00 $396.05 $70,636.79
199 $70,636.79 $194.47 $0.00 $399.39 $71,230.65
200 $71,230.65 $194.47 $0.00 $402.75 $71,827.87
201 $71,827.87 $194.47 $0.00 $406.13 $72,428.47
202 $72,428.47 $194.47 $0.00 $409.52 $73,032.46
203 $73,032.46 $194.47 $0.00 $412.94 $73,639.87
204 $73,639.87 $194.47 $0.00 $416.37 $74,250.71
205 $74,250.71 $194.47 $0.00 $419.82 $74,865.00
206 $74,865.00 $194.47 $0.00 $423.30 $75,482.77
207 $75,482.77 $194.47 $0.00 $426.79 $76,104.03
208 $76,104.03 $194.47 $0.00 $430.30 $76,728.80
209 $76,728.80 $194.47 $0.00 $433.84 $77,357.11
210 $77,357.11 $194.47 $0.00 $437.39 $77,988.97
211 $77,988.97 $194.47 $0.00 $440.96 $78,624.40
212 $78,624.40 $194.47 $0.00 $444.55 $79,263.42
213 $79,263.42 $194.47 $0.00 $448.17 $79,906.06
214 $79,906.06 $194.47 $0.00 $451.80 $80,552.33
215 $80,552.33 $194.47 $0.00 $455.45 $81,202.25
216 $81,202.25 $194.47 $0.00 $459.13 $81,855.85
217 $81,855.85 $194.47 $42,289.71 $462.82 $40,223.43
218 $40,223.43 $194.47 $0.00 $227.43 $40,645.33
219 $40,645.33 $194.47 $0.00 $229.81 $41,069.61
220 $41,069.61 $194.47 $0.00 $232.21 $41,496.29
221 $41,496.29 $194.47 $0.00 $234.63 $41,925.39
222 $41,925.39 $194.47 $0.00 $237.05 $42,356.91
223 $42,356.91 $194.47 $0.00 $239.49 $42,790.87
224 $42,790.87 $194.47 $0.00 $241.95 $43,227.29
225 $43,227.29 $194.47 $0.00 $244.41 $43,666.17
226 $43,666.17 $194.47 $0.00 $246.89 $44,107.53
227 $44,107.53 $194.47 $0.00 $249.39 $44,551.39
228 $44,551.39 $194.47 $0.00 $251.90 $44,997.76
229 $44,997.76 $0.00 $45,249.99 $254.42 $2.19