Savings Plan and Future Cost Estimation for College of Southern Idaho

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$55,797
Monthly savings required$248

How much will it cost to send your child to College of Southern Idaho in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $111,593.53 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $247.90 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$15,950.00
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 $247.90 $0.00 $0.00 $247.90
2 $247.90 $247.90 $0.00 $1.40 $497.20
3 $497.20 $247.90 $0.00 $2.81 $747.91
4 $747.91 $247.90 $0.00 $4.23 $1,000.04
5 $1,000.04 $247.90 $0.00 $5.65 $1,253.59
6 $1,253.59 $247.90 $0.00 $7.09 $1,508.58
7 $1,508.58 $247.90 $0.00 $8.53 $1,765.01
8 $1,765.01 $247.90 $0.00 $9.98 $2,022.89
9 $2,022.89 $247.90 $0.00 $11.44 $2,282.23
10 $2,282.23 $247.90 $0.00 $12.90 $2,543.03
11 $2,543.03 $247.90 $0.00 $14.38 $2,805.31
12 $2,805.31 $247.90 $0.00 $15.86 $3,069.07
13 $3,069.07 $247.90 $0.00 $17.35 $3,334.32
14 $3,334.32 $247.90 $0.00 $18.85 $3,601.07
15 $3,601.07 $247.90 $0.00 $20.36 $3,869.33
16 $3,869.33 $247.90 $0.00 $21.88 $4,139.11
17 $4,139.11 $247.90 $0.00 $23.40 $4,410.41
18 $4,410.41 $247.90 $0.00 $24.94 $4,683.25
19 $4,683.25 $247.90 $0.00 $26.48 $4,957.63
20 $4,957.63 $247.90 $0.00 $28.03 $5,233.56
21 $5,233.56 $247.90 $0.00 $29.59 $5,511.05
22 $5,511.05 $247.90 $0.00 $31.16 $5,790.11
23 $5,790.11 $247.90 $0.00 $32.74 $6,070.75
24 $6,070.75 $247.90 $0.00 $34.32 $6,352.97
25 $6,352.97 $247.90 $0.00 $35.92 $6,636.79
26 $6,636.79 $247.90 $0.00 $37.53 $6,922.22
27 $6,922.22 $247.90 $0.00 $39.14 $7,209.26
28 $7,209.26 $247.90 $0.00 $40.76 $7,497.92
29 $7,497.92 $247.90 $0.00 $42.39 $7,788.21
30 $7,788.21 $247.90 $0.00 $44.04 $8,080.15
31 $8,080.15 $247.90 $0.00 $45.69 $8,373.74
32 $8,373.74 $247.90 $0.00 $47.35 $8,668.99
33 $8,668.99 $247.90 $0.00 $49.02 $8,965.91
34 $8,965.91 $247.90 $0.00 $50.69 $9,264.50
35 $9,264.50 $247.90 $0.00 $52.38 $9,564.78
36 $9,564.78 $247.90 $0.00 $54.08 $9,866.76
37 $9,866.76 $247.90 $0.00 $55.79 $10,170.45
38 $10,170.45 $247.90 $0.00 $57.51 $10,475.86
39 $10,475.86 $247.90 $0.00 $59.23 $10,782.99
40 $10,782.99 $247.90 $0.00 $60.97 $11,091.86
41 $11,091.86 $247.90 $0.00 $62.71 $11,402.47
42 $11,402.47 $247.90 $0.00 $64.47 $11,714.84
43 $11,714.84 $247.90 $0.00 $66.24 $12,028.98
44 $12,028.98 $247.90 $0.00 $68.01 $12,344.89
45 $12,344.89 $247.90 $0.00 $69.80 $12,662.59
46 $12,662.59 $247.90 $0.00 $71.60 $12,982.09
47 $12,982.09 $247.90 $0.00 $73.40 $13,303.39
48 $13,303.39 $247.90 $0.00 $75.22 $13,626.51
49 $13,626.51 $247.90 $0.00 $77.05 $13,951.46
50 $13,951.46 $247.90 $0.00 $78.88 $14,278.24
51 $14,278.24 $247.90 $0.00 $80.73 $14,606.87
52 $14,606.87 $247.90 $0.00 $82.59 $14,937.36
53 $14,937.36 $247.90 $0.00 $84.46 $15,269.72
54 $15,269.72 $247.90 $0.00 $86.34 $15,603.96
55 $15,603.96 $247.90 $0.00 $88.23 $15,940.09
56 $15,940.09 $247.90 $0.00 $90.13 $16,278.12
57 $16,278.12 $247.90 $0.00 $92.04 $16,618.06
58 $16,618.06 $247.90 $0.00 $93.96 $16,959.92
59 $16,959.92 $247.90 $0.00 $95.89 $17,303.71
60 $17,303.71 $247.90 $0.00 $97.84 $17,649.45
61 $17,649.45 $247.90 $0.00 $99.79 $17,997.14
62 $17,997.14 $247.90 $0.00 $101.76 $18,346.80
63 $18,346.80 $247.90 $0.00 $103.74 $18,698.44
64 $18,698.44 $247.90 $0.00 $105.72 $19,052.06
65 $19,052.06 $247.90 $0.00 $107.72 $19,407.68
66 $19,407.68 $247.90 $0.00 $109.73 $19,765.31
67 $19,765.31 $247.90 $0.00 $111.76 $20,124.97
68 $20,124.97 $247.90 $0.00 $113.79 $20,486.66
69 $20,486.66 $247.90 $0.00 $115.83 $20,850.39
70 $20,850.39 $247.90 $0.00 $117.89 $21,216.18
71 $21,216.18 $247.90 $0.00 $119.96 $21,584.04
72 $21,584.04 $247.90 $0.00 $122.04 $21,953.98
73 $21,953.98 $247.90 $0.00 $124.13 $22,326.01
74 $22,326.01 $247.90 $0.00 $126.23 $22,700.14
75 $22,700.14 $247.90 $0.00 $128.35 $23,076.39
76 $23,076.39 $247.90 $0.00 $130.48 $23,454.77
77 $23,454.77 $247.90 $0.00 $132.62 $23,835.29
78 $23,835.29 $247.90 $0.00 $134.77 $24,217.96
79 $24,217.96 $247.90 $0.00 $136.93 $24,602.79
80 $24,602.79 $247.90 $0.00 $139.11 $24,989.80
81 $24,989.80 $247.90 $0.00 $141.30 $25,379.00
82 $25,379.00 $247.90 $0.00 $143.50 $25,770.40
83 $25,770.40 $247.90 $0.00 $145.71 $26,164.01
84 $26,164.01 $247.90 $0.00 $147.94 $26,559.85
85 $26,559.85 $247.90 $0.00 $150.17 $26,957.92
86 $26,957.92 $247.90 $0.00 $152.42 $27,358.24
87 $27,358.24 $247.90 $0.00 $154.69 $27,760.83
88 $27,760.83 $247.90 $0.00 $156.96 $28,165.69
89 $28,165.69 $247.90 $0.00 $159.25 $28,572.84
90 $28,572.84 $247.90 $0.00 $161.55 $28,982.29
91 $28,982.29 $247.90 $0.00 $163.87 $29,394.06
92 $29,394.06 $247.90 $0.00 $166.20 $29,808.16
93 $29,808.16 $247.90 $0.00 $168.54 $30,224.60
94 $30,224.60 $247.90 $0.00 $170.89 $30,643.39
95 $30,643.39 $247.90 $0.00 $173.26 $31,064.55
96 $31,064.55 $247.90 $0.00 $175.64 $31,488.09
97 $31,488.09 $247.90 $0.00 $178.04 $31,914.03
98 $31,914.03 $247.90 $0.00 $180.45 $32,342.38
99 $32,342.38 $247.90 $0.00 $182.87 $32,773.15
100 $32,773.15 $247.90 $0.00 $185.30 $33,206.35
101 $33,206.35 $247.90 $0.00 $187.75 $33,642.00
102 $33,642.00 $247.90 $0.00 $190.22 $34,080.12
103 $34,080.12 $247.90 $0.00 $192.69 $34,520.71
104 $34,520.71 $247.90 $0.00 $195.19 $34,963.80
105 $34,963.80 $247.90 $0.00 $197.69 $35,409.39
106 $35,409.39 $247.90 $0.00 $200.21 $35,857.50
107 $35,857.50 $247.90 $0.00 $202.74 $36,308.14
108 $36,308.14 $247.90 $0.00 $205.29 $36,761.33
109 $36,761.33 $247.90 $0.00 $207.85 $37,217.08
110 $37,217.08 $247.90 $0.00 $210.43 $37,675.41
111 $37,675.41 $247.90 $0.00 $213.02 $38,136.33
112 $38,136.33 $247.90 $0.00 $215.63 $38,599.86
113 $38,599.86 $247.90 $0.00 $218.25 $39,066.01
114 $39,066.01 $247.90 $0.00 $220.88 $39,534.79
115 $39,534.79 $247.90 $0.00 $223.54 $40,006.23
116 $40,006.23 $247.90 $0.00 $226.20 $40,480.33
117 $40,480.33 $247.90 $0.00 $228.88 $40,957.11
118 $40,957.11 $247.90 $0.00 $231.58 $41,436.59
119 $41,436.59 $247.90 $0.00 $234.29 $41,918.78
120 $41,918.78 $247.90 $0.00 $237.01 $42,403.69
121 $42,403.69 $247.90 $0.00 $239.76 $42,891.35
122 $42,891.35 $247.90 $0.00 $242.51 $43,381.76
123 $43,381.76 $247.90 $0.00 $245.29 $43,874.95
124 $43,874.95 $247.90 $0.00 $248.08 $44,370.93
125 $44,370.93 $247.90 $0.00 $250.88 $44,869.71
126 $44,869.71 $247.90 $0.00 $253.70 $45,371.31
127 $45,371.31 $247.90 $0.00 $256.54 $45,875.75
128 $45,875.75 $247.90 $0.00 $259.39 $46,383.04
129 $46,383.04 $247.90 $0.00 $262.26 $46,893.20
130 $46,893.20 $247.90 $0.00 $265.14 $47,406.24
131 $47,406.24 $247.90 $0.00 $268.04 $47,922.18
132 $47,922.18 $247.90 $0.00 $270.96 $48,441.04
133 $48,441.04 $247.90 $0.00 $273.89 $48,962.83
134 $48,962.83 $247.90 $0.00 $276.84 $49,487.57
135 $49,487.57 $247.90 $0.00 $279.81 $50,015.28
136 $50,015.28 $247.90 $0.00 $282.79 $50,545.97
137 $50,545.97 $247.90 $0.00 $285.79 $51,079.66
138 $51,079.66 $247.90 $0.00 $288.81 $51,616.37
139 $51,616.37 $247.90 $0.00 $291.85 $52,156.12
140 $52,156.12 $247.90 $0.00 $294.90 $52,698.92
141 $52,698.92 $247.90 $0.00 $297.97 $53,244.79
142 $53,244.79 $247.90 $0.00 $301.05 $53,793.74
143 $53,793.74 $247.90 $0.00 $304.16 $54,345.80
144 $54,345.80 $247.90 $0.00 $307.28 $54,900.98
145 $54,900.98 $247.90 $0.00 $310.42 $55,459.30
146 $55,459.30 $247.90 $0.00 $313.57 $56,020.77
147 $56,020.77 $247.90 $0.00 $316.75 $56,585.42
148 $56,585.42 $247.90 $0.00 $319.94 $57,153.26
149 $57,153.26 $247.90 $0.00 $323.15 $57,724.31
150 $57,724.31 $247.90 $0.00 $326.38 $58,298.59
151 $58,298.59 $247.90 $0.00 $329.63 $58,876.12
152 $58,876.12 $247.90 $0.00 $332.89 $59,456.91
153 $59,456.91 $247.90 $0.00 $336.18 $60,040.99
154 $60,040.99 $247.90 $0.00 $339.48 $60,628.37
155 $60,628.37 $247.90 $0.00 $342.80 $61,219.07
156 $61,219.07 $247.90 $0.00 $346.14 $61,813.11
157 $61,813.11 $247.90 $0.00 $349.50 $62,410.51
158 $62,410.51 $247.90 $0.00 $352.88 $63,011.29
159 $63,011.29 $247.90 $0.00 $356.27 $63,615.46
160 $63,615.46 $247.90 $0.00 $359.69 $64,223.05
161 $64,223.05 $247.90 $0.00 $363.13 $64,834.08
162 $64,834.08 $247.90 $0.00 $366.58 $65,448.56
163 $65,448.56 $247.90 $0.00 $370.06 $66,066.52
164 $66,066.52 $247.90 $0.00 $373.55 $66,687.97
165 $66,687.97 $247.90 $0.00 $377.06 $67,312.93
166 $67,312.93 $247.90 $0.00 $380.60 $67,941.43
167 $67,941.43 $247.90 $0.00 $384.15 $68,573.48
168 $68,573.48 $247.90 $0.00 $387.72 $69,209.10
169 $69,209.10 $247.90 $0.00 $391.32 $69,848.32
170 $69,848.32 $247.90 $0.00 $394.93 $70,491.15
171 $70,491.15 $247.90 $0.00 $398.57 $71,137.62
172 $71,137.62 $247.90 $0.00 $402.22 $71,787.74
173 $71,787.74 $247.90 $0.00 $405.90 $72,441.54
174 $72,441.54 $247.90 $0.00 $409.59 $73,099.03
175 $73,099.03 $247.90 $0.00 $413.31 $73,760.24
176 $73,760.24 $247.90 $0.00 $417.05 $74,425.19
177 $74,425.19 $247.90 $0.00 $420.81 $75,093.90
178 $75,093.90 $247.90 $0.00 $424.59 $75,766.39
179 $75,766.39 $247.90 $0.00 $428.39 $76,442.68
180 $76,442.68 $247.90 $0.00 $432.22 $77,122.80
181 $77,122.80 $247.90 $0.00 $436.06 $77,806.76
182 $77,806.76 $247.90 $0.00 $439.93 $78,494.59
183 $78,494.59 $247.90 $0.00 $443.82 $79,186.31
184 $79,186.31 $247.90 $0.00 $447.73 $79,881.94
185 $79,881.94 $247.90 $0.00 $451.66 $80,581.50
186 $80,581.50 $247.90 $0.00 $455.62 $81,285.02
187 $81,285.02 $247.90 $0.00 $459.60 $81,992.52
188 $81,992.52 $247.90 $0.00 $463.60 $82,704.02
189 $82,704.02 $247.90 $0.00 $467.62 $83,419.54
190 $83,419.54 $247.90 $0.00 $471.67 $84,139.11
191 $84,139.11 $247.90 $0.00 $475.73 $84,862.74
192 $84,862.74 $247.90 $0.00 $479.83 $85,590.47
193 $85,590.47 $247.90 $0.00 $483.94 $86,322.31
194 $86,322.31 $247.90 $0.00 $488.08 $87,058.29
195 $87,058.29 $247.90 $0.00 $492.24 $87,798.43
196 $87,798.43 $247.90 $0.00 $496.43 $88,542.76
197 $88,542.76 $247.90 $0.00 $500.63 $89,291.29
198 $89,291.29 $247.90 $0.00 $504.87 $90,044.06
199 $90,044.06 $247.90 $0.00 $509.12 $90,801.08
200 $90,801.08 $247.90 $0.00 $513.40 $91,562.38
201 $91,562.38 $247.90 $0.00 $517.71 $92,327.99
202 $92,327.99 $247.90 $0.00 $522.04 $93,097.93
203 $93,097.93 $247.90 $0.00 $526.39 $93,872.22
204 $93,872.22 $247.90 $0.00 $530.77 $94,650.89
205 $94,650.89 $247.90 $0.00 $535.17 $95,433.96
206 $95,433.96 $247.90 $0.00 $539.60 $96,221.46
207 $96,221.46 $247.90 $0.00 $544.05 $97,013.41
208 $97,013.41 $247.90 $0.00 $548.53 $97,809.84
209 $97,809.84 $247.90 $0.00 $553.03 $98,610.77
210 $98,610.77 $247.90 $0.00 $557.56 $99,416.23
211 $99,416.23 $247.90 $0.00 $562.11 $100,226.24
212 $100,226.24 $247.90 $0.00 $566.69 $101,040.83
213 $101,040.83 $247.90 $0.00 $571.30 $101,860.03
214 $101,860.03 $247.90 $0.00 $575.93 $102,683.86
215 $102,683.86 $247.90 $0.00 $580.59 $103,512.35
216 $103,512.35 $247.90 $0.00 $585.27 $104,345.52
217 $104,345.52 $247.90 $53,909.92 $589.98 $51,273.48
218 $51,273.48 $247.90 $0.00 $289.91 $51,811.29
219 $51,811.29 $247.90 $0.00 $292.95 $52,352.14
220 $52,352.14 $247.90 $0.00 $296.01 $52,896.05
221 $52,896.05 $247.90 $0.00 $299.08 $53,443.03
222 $53,443.03 $247.90 $0.00 $302.17 $53,993.10
223 $53,993.10 $247.90 $0.00 $305.28 $54,546.28
224 $54,546.28 $247.90 $0.00 $308.41 $55,102.59
225 $55,102.59 $247.90 $0.00 $311.56 $55,662.05
226 $55,662.05 $247.90 $0.00 $314.72 $56,224.67
227 $56,224.67 $247.90 $0.00 $317.90 $56,790.47
228 $56,790.47 $247.90 $0.00 $321.10 $57,359.47
229 $57,359.47 $0.00 $57,683.61 $324.32 $0.18