Savings Plan and Future Cost Estimation for Carl Sandburg College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$62,506
Monthly savings required$278

How much will it cost to send your child to Carl Sandburg College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $125,012.74 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $277.70 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$17,868.00
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 $277.70 $0.00 $0.00 $277.70
2 $277.70 $277.70 $0.00 $1.57 $556.97
3 $556.97 $277.70 $0.00 $3.15 $837.82
4 $837.82 $277.70 $0.00 $4.74 $1,120.26
5 $1,120.26 $277.70 $0.00 $6.33 $1,404.29
6 $1,404.29 $277.70 $0.00 $7.94 $1,689.93
7 $1,689.93 $277.70 $0.00 $9.56 $1,977.19
8 $1,977.19 $277.70 $0.00 $11.18 $2,266.07
9 $2,266.07 $277.70 $0.00 $12.81 $2,556.58
10 $2,556.58 $277.70 $0.00 $14.46 $2,848.74
11 $2,848.74 $277.70 $0.00 $16.11 $3,142.55
12 $3,142.55 $277.70 $0.00 $17.77 $3,438.02
13 $3,438.02 $277.70 $0.00 $19.44 $3,735.16
14 $3,735.16 $277.70 $0.00 $21.12 $4,033.98
15 $4,033.98 $277.70 $0.00 $22.81 $4,334.49
16 $4,334.49 $277.70 $0.00 $24.51 $4,636.70
17 $4,636.70 $277.70 $0.00 $26.22 $4,940.62
18 $4,940.62 $277.70 $0.00 $27.93 $5,246.25
19 $5,246.25 $277.70 $0.00 $29.66 $5,553.61
20 $5,553.61 $277.70 $0.00 $31.40 $5,862.71
21 $5,862.71 $277.70 $0.00 $33.15 $6,173.56
22 $6,173.56 $277.70 $0.00 $34.91 $6,486.17
23 $6,486.17 $277.70 $0.00 $36.67 $6,800.54
24 $6,800.54 $277.70 $0.00 $38.45 $7,116.69
25 $7,116.69 $277.70 $0.00 $40.24 $7,434.63
26 $7,434.63 $277.70 $0.00 $42.04 $7,754.37
27 $7,754.37 $277.70 $0.00 $43.84 $8,075.91
28 $8,075.91 $277.70 $0.00 $45.66 $8,399.27
29 $8,399.27 $277.70 $0.00 $47.49 $8,724.46
30 $8,724.46 $277.70 $0.00 $49.33 $9,051.49
31 $9,051.49 $277.70 $0.00 $51.18 $9,380.37
32 $9,380.37 $277.70 $0.00 $53.04 $9,711.11
33 $9,711.11 $277.70 $0.00 $54.91 $10,043.72
34 $10,043.72 $277.70 $0.00 $56.79 $10,378.21
35 $10,378.21 $277.70 $0.00 $58.68 $10,714.59
36 $10,714.59 $277.70 $0.00 $60.58 $11,052.87
37 $11,052.87 $277.70 $0.00 $62.49 $11,393.06
38 $11,393.06 $277.70 $0.00 $64.42 $11,735.18
39 $11,735.18 $277.70 $0.00 $66.35 $12,079.23
40 $12,079.23 $277.70 $0.00 $68.30 $12,425.23
41 $12,425.23 $277.70 $0.00 $70.25 $12,773.18
42 $12,773.18 $277.70 $0.00 $72.22 $13,123.10
43 $13,123.10 $277.70 $0.00 $74.20 $13,475.00
44 $13,475.00 $277.70 $0.00 $76.19 $13,828.89
45 $13,828.89 $277.70 $0.00 $78.19 $14,184.78
46 $14,184.78 $277.70 $0.00 $80.20 $14,542.68
47 $14,542.68 $277.70 $0.00 $82.23 $14,902.61
48 $14,902.61 $277.70 $0.00 $84.26 $15,264.57
49 $15,264.57 $277.70 $0.00 $86.31 $15,628.58
50 $15,628.58 $277.70 $0.00 $88.37 $15,994.65
51 $15,994.65 $277.70 $0.00 $90.44 $16,362.79
52 $16,362.79 $277.70 $0.00 $92.52 $16,733.01
53 $16,733.01 $277.70 $0.00 $94.61 $17,105.32
54 $17,105.32 $277.70 $0.00 $96.72 $17,479.74
55 $17,479.74 $277.70 $0.00 $98.83 $17,856.27
56 $17,856.27 $277.70 $0.00 $100.96 $18,234.93
57 $18,234.93 $277.70 $0.00 $103.10 $18,615.73
58 $18,615.73 $277.70 $0.00 $105.26 $18,998.69
59 $18,998.69 $277.70 $0.00 $107.42 $19,383.81
60 $19,383.81 $277.70 $0.00 $109.60 $19,771.11
61 $19,771.11 $277.70 $0.00 $111.79 $20,160.60
62 $20,160.60 $277.70 $0.00 $113.99 $20,552.29
63 $20,552.29 $277.70 $0.00 $116.21 $20,946.20
64 $20,946.20 $277.70 $0.00 $118.43 $21,342.33
65 $21,342.33 $277.70 $0.00 $120.67 $21,740.70
66 $21,740.70 $277.70 $0.00 $122.93 $22,141.33
67 $22,141.33 $277.70 $0.00 $125.19 $22,544.22
68 $22,544.22 $277.70 $0.00 $127.47 $22,949.39
69 $22,949.39 $277.70 $0.00 $129.76 $23,356.85
70 $23,356.85 $277.70 $0.00 $132.06 $23,766.61
71 $23,766.61 $277.70 $0.00 $134.38 $24,178.69
72 $24,178.69 $277.70 $0.00 $136.71 $24,593.10
73 $24,593.10 $277.70 $0.00 $139.05 $25,009.85
74 $25,009.85 $277.70 $0.00 $141.41 $25,428.96
75 $25,428.96 $277.70 $0.00 $143.78 $25,850.44
76 $25,850.44 $277.70 $0.00 $146.16 $26,274.30
77 $26,274.30 $277.70 $0.00 $148.56 $26,700.56
78 $26,700.56 $277.70 $0.00 $150.97 $27,129.23
79 $27,129.23 $277.70 $0.00 $153.39 $27,560.32
80 $27,560.32 $277.70 $0.00 $155.83 $27,993.85
81 $27,993.85 $277.70 $0.00 $158.28 $28,429.83
82 $28,429.83 $277.70 $0.00 $160.75 $28,868.28
83 $28,868.28 $277.70 $0.00 $163.23 $29,309.21
84 $29,309.21 $277.70 $0.00 $165.72 $29,752.63
85 $29,752.63 $277.70 $0.00 $168.23 $30,198.56
86 $30,198.56 $277.70 $0.00 $170.75 $30,647.01
87 $30,647.01 $277.70 $0.00 $173.28 $31,097.99
88 $31,097.99 $277.70 $0.00 $175.83 $31,551.52
89 $31,551.52 $277.70 $0.00 $178.40 $32,007.62
90 $32,007.62 $277.70 $0.00 $180.98 $32,466.30
91 $32,466.30 $277.70 $0.00 $183.57 $32,927.57
92 $32,927.57 $277.70 $0.00 $186.18 $33,391.45
93 $33,391.45 $277.70 $0.00 $188.80 $33,857.95
94 $33,857.95 $277.70 $0.00 $191.44 $34,327.09
95 $34,327.09 $277.70 $0.00 $194.09 $34,798.88
96 $34,798.88 $277.70 $0.00 $196.76 $35,273.34
97 $35,273.34 $277.70 $0.00 $199.44 $35,750.48
98 $35,750.48 $277.70 $0.00 $202.14 $36,230.32
99 $36,230.32 $277.70 $0.00 $204.85 $36,712.87
100 $36,712.87 $277.70 $0.00 $207.58 $37,198.15
101 $37,198.15 $277.70 $0.00 $210.32 $37,686.17
102 $37,686.17 $277.70 $0.00 $213.08 $38,176.95
103 $38,176.95 $277.70 $0.00 $215.86 $38,670.51
104 $38,670.51 $277.70 $0.00 $218.65 $39,166.86
105 $39,166.86 $277.70 $0.00 $221.46 $39,666.02
106 $39,666.02 $277.70 $0.00 $224.28 $40,168.00
107 $40,168.00 $277.70 $0.00 $227.12 $40,672.82
108 $40,672.82 $277.70 $0.00 $229.97 $41,180.49
109 $41,180.49 $277.70 $0.00 $232.84 $41,691.03
110 $41,691.03 $277.70 $0.00 $235.73 $42,204.46
111 $42,204.46 $277.70 $0.00 $238.63 $42,720.79
112 $42,720.79 $277.70 $0.00 $241.55 $43,240.04
113 $43,240.04 $277.70 $0.00 $244.49 $43,762.23
114 $43,762.23 $277.70 $0.00 $247.44 $44,287.37
115 $44,287.37 $277.70 $0.00 $250.41 $44,815.48
116 $44,815.48 $277.70 $0.00 $253.39 $45,346.57
117 $45,346.57 $277.70 $0.00 $256.40 $45,880.67
118 $45,880.67 $277.70 $0.00 $259.42 $46,417.79
119 $46,417.79 $277.70 $0.00 $262.45 $46,957.94
120 $46,957.94 $277.70 $0.00 $265.51 $47,501.15
121 $47,501.15 $277.70 $0.00 $268.58 $48,047.43
122 $48,047.43 $277.70 $0.00 $271.67 $48,596.80
123 $48,596.80 $277.70 $0.00 $274.77 $49,149.27
124 $49,149.27 $277.70 $0.00 $277.90 $49,704.87
125 $49,704.87 $277.70 $0.00 $281.04 $50,263.61
126 $50,263.61 $277.70 $0.00 $284.20 $50,825.51
127 $50,825.51 $277.70 $0.00 $287.37 $51,390.58
128 $51,390.58 $277.70 $0.00 $290.57 $51,958.85
129 $51,958.85 $277.70 $0.00 $293.78 $52,530.33
130 $52,530.33 $277.70 $0.00 $297.01 $53,105.04
131 $53,105.04 $277.70 $0.00 $300.26 $53,683.00
132 $53,683.00 $277.70 $0.00 $303.53 $54,264.23
133 $54,264.23 $277.70 $0.00 $306.82 $54,848.75
134 $54,848.75 $277.70 $0.00 $310.12 $55,436.57
135 $55,436.57 $277.70 $0.00 $313.45 $56,027.72
136 $56,027.72 $277.70 $0.00 $316.79 $56,622.21
137 $56,622.21 $277.70 $0.00 $320.15 $57,220.06
138 $57,220.06 $277.70 $0.00 $323.53 $57,821.29
139 $57,821.29 $277.70 $0.00 $326.93 $58,425.92
140 $58,425.92 $277.70 $0.00 $330.35 $59,033.97
141 $59,033.97 $277.70 $0.00 $333.79 $59,645.46
142 $59,645.46 $277.70 $0.00 $337.24 $60,260.40
143 $60,260.40 $277.70 $0.00 $340.72 $60,878.82
144 $60,878.82 $277.70 $0.00 $344.22 $61,500.74
145 $61,500.74 $277.70 $0.00 $347.73 $62,126.17
146 $62,126.17 $277.70 $0.00 $351.27 $62,755.14
147 $62,755.14 $277.70 $0.00 $354.83 $63,387.67
148 $63,387.67 $277.70 $0.00 $358.40 $64,023.77
149 $64,023.77 $277.70 $0.00 $362.00 $64,663.47
150 $64,663.47 $277.70 $0.00 $365.62 $65,306.79
151 $65,306.79 $277.70 $0.00 $369.25 $65,953.74
152 $65,953.74 $277.70 $0.00 $372.91 $66,604.35
153 $66,604.35 $277.70 $0.00 $376.59 $67,258.64
154 $67,258.64 $277.70 $0.00 $380.29 $67,916.63
155 $67,916.63 $277.70 $0.00 $384.01 $68,578.34
156 $68,578.34 $277.70 $0.00 $387.75 $69,243.79
157 $69,243.79 $277.70 $0.00 $391.51 $69,913.00
158 $69,913.00 $277.70 $0.00 $395.30 $70,586.00
159 $70,586.00 $277.70 $0.00 $399.10 $71,262.80
160 $71,262.80 $277.70 $0.00 $402.93 $71,943.43
161 $71,943.43 $277.70 $0.00 $406.78 $72,627.91
162 $72,627.91 $277.70 $0.00 $410.65 $73,316.26
163 $73,316.26 $277.70 $0.00 $414.54 $74,008.50
164 $74,008.50 $277.70 $0.00 $418.45 $74,704.65
165 $74,704.65 $277.70 $0.00 $422.39 $75,404.74
166 $75,404.74 $277.70 $0.00 $426.35 $76,108.79
167 $76,108.79 $277.70 $0.00 $430.33 $76,816.82
168 $76,816.82 $277.70 $0.00 $434.33 $77,528.85
169 $77,528.85 $277.70 $0.00 $438.36 $78,244.91
170 $78,244.91 $277.70 $0.00 $442.41 $78,965.02
171 $78,965.02 $277.70 $0.00 $446.48 $79,689.20
172 $79,689.20 $277.70 $0.00 $450.57 $80,417.47
173 $80,417.47 $277.70 $0.00 $454.69 $81,149.86
174 $81,149.86 $277.70 $0.00 $458.83 $81,886.39
175 $81,886.39 $277.70 $0.00 $463.00 $82,627.09
176 $82,627.09 $277.70 $0.00 $467.19 $83,371.98
177 $83,371.98 $277.70 $0.00 $471.40 $84,121.08
178 $84,121.08 $277.70 $0.00 $475.63 $84,874.41
179 $84,874.41 $277.70 $0.00 $479.89 $85,632.00
180 $85,632.00 $277.70 $0.00 $484.18 $86,393.88
181 $86,393.88 $277.70 $0.00 $488.48 $87,160.06
182 $87,160.06 $277.70 $0.00 $492.82 $87,930.58
183 $87,930.58 $277.70 $0.00 $497.17 $88,705.45
184 $88,705.45 $277.70 $0.00 $501.55 $89,484.70
185 $89,484.70 $277.70 $0.00 $505.96 $90,268.36
186 $90,268.36 $277.70 $0.00 $510.39 $91,056.45
187 $91,056.45 $277.70 $0.00 $514.85 $91,849.00
188 $91,849.00 $277.70 $0.00 $519.33 $92,646.03
189 $92,646.03 $277.70 $0.00 $523.83 $93,447.56
190 $93,447.56 $277.70 $0.00 $528.37 $94,253.63
191 $94,253.63 $277.70 $0.00 $532.92 $95,064.25
192 $95,064.25 $277.70 $0.00 $537.51 $95,879.46
193 $95,879.46 $277.70 $0.00 $542.12 $96,699.28
194 $96,699.28 $277.70 $0.00 $546.75 $97,523.73
195 $97,523.73 $277.70 $0.00 $551.41 $98,352.84
196 $98,352.84 $277.70 $0.00 $556.10 $99,186.64
197 $99,186.64 $277.70 $0.00 $560.82 $100,025.16
198 $100,025.16 $277.70 $0.00 $565.56 $100,868.42
199 $100,868.42 $277.70 $0.00 $570.32 $101,716.44
200 $101,716.44 $277.70 $0.00 $575.12 $102,569.26
201 $102,569.26 $277.70 $0.00 $579.94 $103,426.90
202 $103,426.90 $277.70 $0.00 $584.79 $104,289.39
203 $104,289.39 $277.70 $0.00 $589.67 $105,156.76
204 $105,156.76 $277.70 $0.00 $594.57 $106,029.03
205 $106,029.03 $277.70 $0.00 $599.50 $106,906.23
206 $106,906.23 $277.70 $0.00 $604.46 $107,788.39
207 $107,788.39 $277.70 $0.00 $609.45 $108,675.54
208 $108,675.54 $277.70 $0.00 $614.47 $109,567.71
209 $109,567.71 $277.70 $0.00 $619.51 $110,464.92
210 $110,464.92 $277.70 $0.00 $624.58 $111,367.20
211 $111,367.20 $277.70 $0.00 $629.69 $112,274.59
212 $112,274.59 $277.70 $0.00 $634.82 $113,187.11
213 $113,187.11 $277.70 $0.00 $639.98 $114,104.79
214 $114,104.79 $277.70 $0.00 $645.17 $115,027.66
215 $115,027.66 $277.70 $0.00 $650.38 $115,955.74
216 $115,955.74 $277.70 $0.00 $655.63 $116,889.07
217 $116,889.07 $277.70 $60,392.63 $660.91 $57,435.05
218 $57,435.05 $277.70 $0.00 $324.75 $58,037.50
219 $58,037.50 $277.70 $0.00 $328.15 $58,643.35
220 $58,643.35 $277.70 $0.00 $331.58 $59,252.63
221 $59,252.63 $277.70 $0.00 $335.02 $59,865.35
222 $59,865.35 $277.70 $0.00 $338.49 $60,481.54
223 $60,481.54 $277.70 $0.00 $341.97 $61,101.21
224 $61,101.21 $277.70 $0.00 $345.48 $61,724.39
225 $61,724.39 $277.70 $0.00 $349.00 $62,351.09
226 $62,351.09 $277.70 $0.00 $352.54 $62,981.33
227 $62,981.33 $277.70 $0.00 $356.11 $63,615.14
228 $63,615.14 $277.70 $0.00 $359.69 $64,252.53
229 $64,252.53 $0.00 $64,620.11 $363.29 -$4.29