Savings Plan and Future Cost Estimation for South 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$31,841
Monthly savings required$142

How much will it cost to send your child to South Georgia Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $63,682.51 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $141.52 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$12,908.00
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 $141.52 $0.00 $0.00 $141.52
2 $141.52 $141.52 $0.00 $0.80 $283.84
3 $283.84 $141.52 $0.00 $1.60 $426.96
4 $426.96 $141.52 $0.00 $2.41 $570.89
5 $570.89 $141.52 $0.00 $3.23 $715.64
6 $715.64 $141.52 $0.00 $4.05 $861.21
7 $861.21 $141.52 $0.00 $4.87 $1,007.60
8 $1,007.60 $141.52 $0.00 $5.70 $1,154.82
9 $1,154.82 $141.52 $0.00 $6.53 $1,302.87
10 $1,302.87 $141.52 $0.00 $7.37 $1,451.76
11 $1,451.76 $141.52 $0.00 $8.21 $1,601.49
12 $1,601.49 $141.52 $0.00 $9.06 $1,752.07
13 $1,752.07 $141.52 $0.00 $9.91 $1,903.50
14 $1,903.50 $141.52 $0.00 $10.76 $2,055.78
15 $2,055.78 $141.52 $0.00 $11.62 $2,208.92
16 $2,208.92 $141.52 $0.00 $12.49 $2,362.93
17 $2,362.93 $141.52 $0.00 $13.36 $2,517.81
18 $2,517.81 $141.52 $0.00 $14.24 $2,673.57
19 $2,673.57 $141.52 $0.00 $15.12 $2,830.21
20 $2,830.21 $141.52 $0.00 $16.00 $2,987.73
21 $2,987.73 $141.52 $0.00 $16.89 $3,146.14
22 $3,146.14 $141.52 $0.00 $17.79 $3,305.45
23 $3,305.45 $141.52 $0.00 $18.69 $3,465.66
24 $3,465.66 $141.52 $0.00 $19.60 $3,626.78
25 $3,626.78 $141.52 $0.00 $20.51 $3,788.81
26 $3,788.81 $141.52 $0.00 $21.42 $3,951.75
27 $3,951.75 $141.52 $0.00 $22.34 $4,115.61
28 $4,115.61 $141.52 $0.00 $23.27 $4,280.40
29 $4,280.40 $141.52 $0.00 $24.20 $4,446.12
30 $4,446.12 $141.52 $0.00 $25.14 $4,612.78
31 $4,612.78 $141.52 $0.00 $26.08 $4,780.38
32 $4,780.38 $141.52 $0.00 $27.03 $4,948.93
33 $4,948.93 $141.52 $0.00 $27.98 $5,118.43
34 $5,118.43 $141.52 $0.00 $28.94 $5,288.89
35 $5,288.89 $141.52 $0.00 $29.90 $5,460.31
36 $5,460.31 $141.52 $0.00 $30.87 $5,632.70
37 $5,632.70 $141.52 $0.00 $31.85 $5,806.07
38 $5,806.07 $141.52 $0.00 $32.83 $5,980.42
39 $5,980.42 $141.52 $0.00 $33.81 $6,155.75
40 $6,155.75 $141.52 $0.00 $34.81 $6,332.08
41 $6,332.08 $141.52 $0.00 $35.80 $6,509.40
42 $6,509.40 $141.52 $0.00 $36.81 $6,687.73
43 $6,687.73 $141.52 $0.00 $37.81 $6,867.06
44 $6,867.06 $141.52 $0.00 $38.83 $7,047.41
45 $7,047.41 $141.52 $0.00 $39.85 $7,228.78
46 $7,228.78 $141.52 $0.00 $40.87 $7,411.17
47 $7,411.17 $141.52 $0.00 $41.90 $7,594.59
48 $7,594.59 $141.52 $0.00 $42.94 $7,779.05
49 $7,779.05 $141.52 $0.00 $43.98 $7,964.55
50 $7,964.55 $141.52 $0.00 $45.03 $8,151.10
51 $8,151.10 $141.52 $0.00 $46.09 $8,338.71
52 $8,338.71 $141.52 $0.00 $47.15 $8,527.38
53 $8,527.38 $141.52 $0.00 $48.22 $8,717.12
54 $8,717.12 $141.52 $0.00 $49.29 $8,907.93
55 $8,907.93 $141.52 $0.00 $50.37 $9,099.82
56 $9,099.82 $141.52 $0.00 $51.45 $9,292.79
57 $9,292.79 $141.52 $0.00 $52.54 $9,486.85
58 $9,486.85 $141.52 $0.00 $53.64 $9,682.01
59 $9,682.01 $141.52 $0.00 $54.74 $9,878.27
60 $9,878.27 $141.52 $0.00 $55.85 $10,075.64
61 $10,075.64 $141.52 $0.00 $56.97 $10,274.13
62 $10,274.13 $141.52 $0.00 $58.09 $10,473.74
63 $10,473.74 $141.52 $0.00 $59.22 $10,674.48
64 $10,674.48 $141.52 $0.00 $60.36 $10,876.36
65 $10,876.36 $141.52 $0.00 $61.50 $11,079.38
66 $11,079.38 $141.52 $0.00 $62.64 $11,283.54
67 $11,283.54 $141.52 $0.00 $63.80 $11,488.86
68 $11,488.86 $141.52 $0.00 $64.96 $11,695.34
69 $11,695.34 $141.52 $0.00 $66.13 $11,902.99
70 $11,902.99 $141.52 $0.00 $67.30 $12,111.81
71 $12,111.81 $141.52 $0.00 $68.48 $12,321.81
72 $12,321.81 $141.52 $0.00 $69.67 $12,533.00
73 $12,533.00 $141.52 $0.00 $70.86 $12,745.38
74 $12,745.38 $141.52 $0.00 $72.06 $12,958.96
75 $12,958.96 $141.52 $0.00 $73.27 $13,173.75
76 $13,173.75 $141.52 $0.00 $74.49 $13,389.76
77 $13,389.76 $141.52 $0.00 $75.71 $13,606.99
78 $13,606.99 $141.52 $0.00 $76.94 $13,825.45
79 $13,825.45 $141.52 $0.00 $78.17 $14,045.14
80 $14,045.14 $141.52 $0.00 $79.41 $14,266.07
81 $14,266.07 $141.52 $0.00 $80.66 $14,488.25
82 $14,488.25 $141.52 $0.00 $81.92 $14,711.69
83 $14,711.69 $141.52 $0.00 $83.18 $14,936.39
84 $14,936.39 $141.52 $0.00 $84.45 $15,162.36
85 $15,162.36 $141.52 $0.00 $85.73 $15,389.61
86 $15,389.61 $141.52 $0.00 $87.02 $15,618.15
87 $15,618.15 $141.52 $0.00 $88.31 $15,847.98
88 $15,847.98 $141.52 $0.00 $89.61 $16,079.11
89 $16,079.11 $141.52 $0.00 $90.91 $16,311.54
90 $16,311.54 $141.52 $0.00 $92.23 $16,545.29
91 $16,545.29 $141.52 $0.00 $93.55 $16,780.36
92 $16,780.36 $141.52 $0.00 $94.88 $17,016.76
93 $17,016.76 $141.52 $0.00 $96.22 $17,254.50
94 $17,254.50 $141.52 $0.00 $97.56 $17,493.58
95 $17,493.58 $141.52 $0.00 $98.91 $17,734.01
96 $17,734.01 $141.52 $0.00 $100.27 $17,975.80
97 $17,975.80 $141.52 $0.00 $101.64 $18,218.96
98 $18,218.96 $141.52 $0.00 $103.01 $18,463.49
99 $18,463.49 $141.52 $0.00 $104.40 $18,709.41
100 $18,709.41 $141.52 $0.00 $105.79 $18,956.72
101 $18,956.72 $141.52 $0.00 $107.18 $19,205.42
102 $19,205.42 $141.52 $0.00 $108.59 $19,455.53
103 $19,455.53 $141.52 $0.00 $110.00 $19,707.05
104 $19,707.05 $141.52 $0.00 $111.43 $19,960.00
105 $19,960.00 $141.52 $0.00 $112.86 $20,214.38
106 $20,214.38 $141.52 $0.00 $114.30 $20,470.20
107 $20,470.20 $141.52 $0.00 $115.74 $20,727.46
108 $20,727.46 $141.52 $0.00 $117.20 $20,986.18
109 $20,986.18 $141.52 $0.00 $118.66 $21,246.36
110 $21,246.36 $141.52 $0.00 $120.13 $21,508.01
111 $21,508.01 $141.52 $0.00 $121.61 $21,771.14
112 $21,771.14 $141.52 $0.00 $123.10 $22,035.76
113 $22,035.76 $141.52 $0.00 $124.59 $22,301.87
114 $22,301.87 $141.52 $0.00 $126.10 $22,569.49
115 $22,569.49 $141.52 $0.00 $127.61 $22,838.62
116 $22,838.62 $141.52 $0.00 $129.13 $23,109.27
117 $23,109.27 $141.52 $0.00 $130.66 $23,381.45
118 $23,381.45 $141.52 $0.00 $132.20 $23,655.17
119 $23,655.17 $141.52 $0.00 $133.75 $23,930.44
120 $23,930.44 $141.52 $0.00 $135.31 $24,207.27
121 $24,207.27 $141.52 $0.00 $136.87 $24,485.66
122 $24,485.66 $141.52 $0.00 $138.45 $24,765.63
123 $24,765.63 $141.52 $0.00 $140.03 $25,047.18
124 $25,047.18 $141.52 $0.00 $141.62 $25,330.32
125 $25,330.32 $141.52 $0.00 $143.22 $25,615.06
126 $25,615.06 $141.52 $0.00 $144.83 $25,901.41
127 $25,901.41 $141.52 $0.00 $146.45 $26,189.38
128 $26,189.38 $141.52 $0.00 $148.08 $26,478.98
129 $26,478.98 $141.52 $0.00 $149.72 $26,770.22
130 $26,770.22 $141.52 $0.00 $151.36 $27,063.10
131 $27,063.10 $141.52 $0.00 $153.02 $27,357.64
132 $27,357.64 $141.52 $0.00 $154.68 $27,653.84
133 $27,653.84 $141.52 $0.00 $156.36 $27,951.72
134 $27,951.72 $141.52 $0.00 $158.04 $28,251.28
135 $28,251.28 $141.52 $0.00 $159.74 $28,552.54
136 $28,552.54 $141.52 $0.00 $161.44 $28,855.50
137 $28,855.50 $141.52 $0.00 $163.15 $29,160.17
138 $29,160.17 $141.52 $0.00 $164.88 $29,466.57
139 $29,466.57 $141.52 $0.00 $166.61 $29,774.70
140 $29,774.70 $141.52 $0.00 $168.35 $30,084.57
141 $30,084.57 $141.52 $0.00 $170.10 $30,396.19
142 $30,396.19 $141.52 $0.00 $171.86 $30,709.57
143 $30,709.57 $141.52 $0.00 $173.64 $31,024.73
144 $31,024.73 $141.52 $0.00 $175.42 $31,341.67
145 $31,341.67 $141.52 $0.00 $177.21 $31,660.40
146 $31,660.40 $141.52 $0.00 $179.01 $31,980.93
147 $31,980.93 $141.52 $0.00 $180.82 $32,303.27
148 $32,303.27 $141.52 $0.00 $182.65 $32,627.44
149 $32,627.44 $141.52 $0.00 $184.48 $32,953.44
150 $32,953.44 $141.52 $0.00 $186.32 $33,281.28
151 $33,281.28 $141.52 $0.00 $188.18 $33,610.98
152 $33,610.98 $141.52 $0.00 $190.04 $33,942.54
153 $33,942.54 $141.52 $0.00 $191.92 $34,275.98
154 $34,275.98 $141.52 $0.00 $193.80 $34,611.30
155 $34,611.30 $141.52 $0.00 $195.70 $34,948.52
156 $34,948.52 $141.52 $0.00 $197.60 $35,287.64
157 $35,287.64 $141.52 $0.00 $199.52 $35,628.68
158 $35,628.68 $141.52 $0.00 $201.45 $35,971.65
159 $35,971.65 $141.52 $0.00 $203.39 $36,316.56
160 $36,316.56 $141.52 $0.00 $205.34 $36,663.42
161 $36,663.42 $141.52 $0.00 $207.30 $37,012.24
162 $37,012.24 $141.52 $0.00 $209.27 $37,363.03
163 $37,363.03 $141.52 $0.00 $211.26 $37,715.81
164 $37,715.81 $141.52 $0.00 $213.25 $38,070.58
165 $38,070.58 $141.52 $0.00 $215.26 $38,427.36
166 $38,427.36 $141.52 $0.00 $217.27 $38,786.15
167 $38,786.15 $141.52 $0.00 $219.30 $39,146.97
168 $39,146.97 $141.52 $0.00 $221.34 $39,509.83
169 $39,509.83 $141.52 $0.00 $223.39 $39,874.74
170 $39,874.74 $141.52 $0.00 $225.46 $40,241.72
171 $40,241.72 $141.52 $0.00 $227.53 $40,610.77
172 $40,610.77 $141.52 $0.00 $229.62 $40,981.91
173 $40,981.91 $141.52 $0.00 $231.72 $41,355.15
174 $41,355.15 $141.52 $0.00 $233.83 $41,730.50
175 $41,730.50 $141.52 $0.00 $235.95 $42,107.97
176 $42,107.97 $141.52 $0.00 $238.08 $42,487.57
177 $42,487.57 $141.52 $0.00 $240.23 $42,869.32
178 $42,869.32 $141.52 $0.00 $242.39 $43,253.23
179 $43,253.23 $141.52 $0.00 $244.56 $43,639.31
180 $43,639.31 $141.52 $0.00 $246.74 $44,027.57
181 $44,027.57 $141.52 $0.00 $248.94 $44,418.03
182 $44,418.03 $141.52 $0.00 $251.15 $44,810.70
183 $44,810.70 $141.52 $0.00 $253.37 $45,205.59
184 $45,205.59 $141.52 $0.00 $255.60 $45,602.71
185 $45,602.71 $141.52 $0.00 $257.84 $46,002.07
186 $46,002.07 $141.52 $0.00 $260.10 $46,403.69
187 $46,403.69 $141.52 $0.00 $262.37 $46,807.58
188 $46,807.58 $141.52 $0.00 $264.66 $47,213.76
189 $47,213.76 $141.52 $0.00 $266.95 $47,622.23
190 $47,622.23 $141.52 $0.00 $269.26 $48,033.01
191 $48,033.01 $141.52 $0.00 $271.59 $48,446.12
192 $48,446.12 $141.52 $0.00 $273.92 $48,861.56
193 $48,861.56 $141.52 $0.00 $276.27 $49,279.35
194 $49,279.35 $141.52 $0.00 $278.63 $49,699.50
195 $49,699.50 $141.52 $0.00 $281.01 $50,122.03
196 $50,122.03 $141.52 $0.00 $283.40 $50,546.95
197 $50,546.95 $141.52 $0.00 $285.80 $50,974.27
198 $50,974.27 $141.52 $0.00 $288.22 $51,404.01
199 $51,404.01 $141.52 $0.00 $290.65 $51,836.18
200 $51,836.18 $141.52 $0.00 $293.09 $52,270.79
201 $52,270.79 $141.52 $0.00 $295.55 $52,707.86
202 $52,707.86 $141.52 $0.00 $298.02 $53,147.40
203 $53,147.40 $141.52 $0.00 $300.50 $53,589.42
204 $53,589.42 $141.52 $0.00 $303.00 $54,033.94
205 $54,033.94 $141.52 $0.00 $305.52 $54,480.98
206 $54,480.98 $141.52 $0.00 $308.04 $54,930.54
207 $54,930.54 $141.52 $0.00 $310.59 $55,382.65
208 $55,382.65 $141.52 $0.00 $313.14 $55,837.31
209 $55,837.31 $141.52 $0.00 $315.71 $56,294.54
210 $56,294.54 $141.52 $0.00 $318.30 $56,754.36
211 $56,754.36 $141.52 $0.00 $320.90 $57,216.78
212 $57,216.78 $141.52 $0.00 $323.51 $57,681.81
213 $57,681.81 $141.52 $0.00 $326.14 $58,149.47
214 $58,149.47 $141.52 $0.00 $328.79 $58,619.78
215 $58,619.78 $141.52 $0.00 $331.44 $59,092.74
216 $59,092.74 $141.52 $0.00 $334.12 $59,568.38
217 $59,568.38 $141.52 $31,064.64 $336.81 $28,982.07
218 $28,982.07 $141.52 $0.00 $163.87 $29,287.46
219 $29,287.46 $141.52 $0.00 $165.60 $29,594.58
220 $29,594.58 $141.52 $0.00 $167.33 $29,903.43
221 $29,903.43 $141.52 $0.00 $169.08 $30,214.03
222 $30,214.03 $141.52 $0.00 $170.83 $30,526.38
223 $30,526.38 $141.52 $0.00 $172.60 $30,840.50
224 $30,840.50 $141.52 $0.00 $174.38 $31,156.40
225 $31,156.40 $141.52 $0.00 $176.16 $31,474.08
226 $31,474.08 $141.52 $0.00 $177.96 $31,793.56
227 $31,793.56 $141.52 $0.00 $179.77 $32,114.85
228 $32,114.85 $141.52 $0.00 $181.58 $32,437.95
229 $32,437.95 $0.00 $32,617.87 $183.41 $3.49