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 2039$40,426
Monthly savings required$180

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 $80,851.34 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $179.66 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$16,388.00
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 $179.66 $0.00 $0.00 $179.66
2 $179.66 $179.66 $0.00 $1.02 $360.34
3 $360.34 $179.66 $0.00 $2.04 $542.04
4 $542.04 $179.66 $0.00 $3.06 $724.76
5 $724.76 $179.66 $0.00 $4.10 $908.52
6 $908.52 $179.66 $0.00 $5.14 $1,093.32
7 $1,093.32 $179.66 $0.00 $6.18 $1,279.16
8 $1,279.16 $179.66 $0.00 $7.23 $1,466.05
9 $1,466.05 $179.66 $0.00 $8.29 $1,654.00
10 $1,654.00 $179.66 $0.00 $9.35 $1,843.01
11 $1,843.01 $179.66 $0.00 $10.42 $2,033.09
12 $2,033.09 $179.66 $0.00 $11.50 $2,224.25
13 $2,224.25 $179.66 $0.00 $12.58 $2,416.49
14 $2,416.49 $179.66 $0.00 $13.66 $2,609.81
15 $2,609.81 $179.66 $0.00 $14.76 $2,804.23
16 $2,804.23 $179.66 $0.00 $15.86 $2,999.75
17 $2,999.75 $179.66 $0.00 $16.96 $3,196.37
18 $3,196.37 $179.66 $0.00 $18.07 $3,394.10
19 $3,394.10 $179.66 $0.00 $19.19 $3,592.95
20 $3,592.95 $179.66 $0.00 $20.32 $3,792.93
21 $3,792.93 $179.66 $0.00 $21.45 $3,994.04
22 $3,994.04 $179.66 $0.00 $22.58 $4,196.28
23 $4,196.28 $179.66 $0.00 $23.73 $4,399.67
24 $4,399.67 $179.66 $0.00 $24.88 $4,604.21
25 $4,604.21 $179.66 $0.00 $26.03 $4,809.90
26 $4,809.90 $179.66 $0.00 $27.20 $5,016.76
27 $5,016.76 $179.66 $0.00 $28.37 $5,224.79
28 $5,224.79 $179.66 $0.00 $29.54 $5,433.99
29 $5,433.99 $179.66 $0.00 $30.72 $5,644.37
30 $5,644.37 $179.66 $0.00 $31.91 $5,855.94
31 $5,855.94 $179.66 $0.00 $33.11 $6,068.71
32 $6,068.71 $179.66 $0.00 $34.31 $6,282.68
33 $6,282.68 $179.66 $0.00 $35.52 $6,497.86
34 $6,497.86 $179.66 $0.00 $36.74 $6,714.26
35 $6,714.26 $179.66 $0.00 $37.96 $6,931.88
36 $6,931.88 $179.66 $0.00 $39.19 $7,150.73
37 $7,150.73 $179.66 $0.00 $40.43 $7,370.82
38 $7,370.82 $179.66 $0.00 $41.68 $7,592.16
39 $7,592.16 $179.66 $0.00 $42.93 $7,814.75
40 $7,814.75 $179.66 $0.00 $44.19 $8,038.60
41 $8,038.60 $179.66 $0.00 $45.45 $8,263.71
42 $8,263.71 $179.66 $0.00 $46.72 $8,490.09
43 $8,490.09 $179.66 $0.00 $48.00 $8,717.75
44 $8,717.75 $179.66 $0.00 $49.29 $8,946.70
45 $8,946.70 $179.66 $0.00 $50.59 $9,176.95
46 $9,176.95 $179.66 $0.00 $51.89 $9,408.50
47 $9,408.50 $179.66 $0.00 $53.20 $9,641.36
48 $9,641.36 $179.66 $0.00 $54.51 $9,875.53
49 $9,875.53 $179.66 $0.00 $55.84 $10,111.03
50 $10,111.03 $179.66 $0.00 $57.17 $10,347.86
51 $10,347.86 $179.66 $0.00 $58.51 $10,586.03
52 $10,586.03 $179.66 $0.00 $59.85 $10,825.54
53 $10,825.54 $179.66 $0.00 $61.21 $11,066.41
54 $11,066.41 $179.66 $0.00 $62.57 $11,308.64
55 $11,308.64 $179.66 $0.00 $63.94 $11,552.24
56 $11,552.24 $179.66 $0.00 $65.32 $11,797.22
57 $11,797.22 $179.66 $0.00 $66.70 $12,043.58
58 $12,043.58 $179.66 $0.00 $68.10 $12,291.34
59 $12,291.34 $179.66 $0.00 $69.50 $12,540.50
60 $12,540.50 $179.66 $0.00 $70.91 $12,791.07
61 $12,791.07 $179.66 $0.00 $72.32 $13,043.05
62 $13,043.05 $179.66 $0.00 $73.75 $13,296.46
63 $13,296.46 $179.66 $0.00 $75.18 $13,551.30
64 $13,551.30 $179.66 $0.00 $76.62 $13,807.58
65 $13,807.58 $179.66 $0.00 $78.07 $14,065.31
66 $14,065.31 $179.66 $0.00 $79.53 $14,324.50
67 $14,324.50 $179.66 $0.00 $80.99 $14,585.15
68 $14,585.15 $179.66 $0.00 $82.47 $14,847.28
69 $14,847.28 $179.66 $0.00 $83.95 $15,110.89
70 $15,110.89 $179.66 $0.00 $85.44 $15,375.99
71 $15,375.99 $179.66 $0.00 $86.94 $15,642.59
72 $15,642.59 $179.66 $0.00 $88.45 $15,910.70
73 $15,910.70 $179.66 $0.00 $89.96 $16,180.32
74 $16,180.32 $179.66 $0.00 $91.49 $16,451.47
75 $16,451.47 $179.66 $0.00 $93.02 $16,724.15
76 $16,724.15 $179.66 $0.00 $94.56 $16,998.37
77 $16,998.37 $179.66 $0.00 $96.11 $17,274.14
78 $17,274.14 $179.66 $0.00 $97.67 $17,551.47
79 $17,551.47 $179.66 $0.00 $99.24 $17,830.37
80 $17,830.37 $179.66 $0.00 $100.82 $18,110.85
81 $18,110.85 $179.66 $0.00 $102.40 $18,392.91
82 $18,392.91 $179.66 $0.00 $104.00 $18,676.57
83 $18,676.57 $179.66 $0.00 $105.60 $18,961.83
84 $18,961.83 $179.66 $0.00 $107.21 $19,248.70
85 $19,248.70 $179.66 $0.00 $108.83 $19,537.19
86 $19,537.19 $179.66 $0.00 $110.47 $19,827.32
87 $19,827.32 $179.66 $0.00 $112.11 $20,119.09
88 $20,119.09 $179.66 $0.00 $113.76 $20,412.51
89 $20,412.51 $179.66 $0.00 $115.42 $20,707.59
90 $20,707.59 $179.66 $0.00 $117.08 $21,004.33
91 $21,004.33 $179.66 $0.00 $118.76 $21,302.75
92 $21,302.75 $179.66 $0.00 $120.45 $21,602.86
93 $21,602.86 $179.66 $0.00 $122.15 $21,904.67
94 $21,904.67 $179.66 $0.00 $123.85 $22,208.18
95 $22,208.18 $179.66 $0.00 $125.57 $22,513.41
96 $22,513.41 $179.66 $0.00 $127.29 $22,820.36
97 $22,820.36 $179.66 $0.00 $129.03 $23,129.05
98 $23,129.05 $179.66 $0.00 $130.78 $23,439.49
99 $23,439.49 $179.66 $0.00 $132.53 $23,751.68
100 $23,751.68 $179.66 $0.00 $134.30 $24,065.64
101 $24,065.64 $179.66 $0.00 $136.07 $24,381.37
102 $24,381.37 $179.66 $0.00 $137.86 $24,698.89
103 $24,698.89 $179.66 $0.00 $139.65 $25,018.20
104 $25,018.20 $179.66 $0.00 $141.46 $25,339.32
105 $25,339.32 $179.66 $0.00 $143.27 $25,662.25
106 $25,662.25 $179.66 $0.00 $145.10 $25,987.01
107 $25,987.01 $179.66 $0.00 $146.93 $26,313.60
108 $26,313.60 $179.66 $0.00 $148.78 $26,642.04
109 $26,642.04 $179.66 $0.00 $150.64 $26,972.34
110 $26,972.34 $179.66 $0.00 $152.51 $27,304.51
111 $27,304.51 $179.66 $0.00 $154.38 $27,638.55
112 $27,638.55 $179.66 $0.00 $156.27 $27,974.48
113 $27,974.48 $179.66 $0.00 $158.17 $28,312.31
114 $28,312.31 $179.66 $0.00 $160.08 $28,652.05
115 $28,652.05 $179.66 $0.00 $162.00 $28,993.71
116 $28,993.71 $179.66 $0.00 $163.93 $29,337.30
117 $29,337.30 $179.66 $0.00 $165.88 $29,682.84
118 $29,682.84 $179.66 $0.00 $167.83 $30,030.33
119 $30,030.33 $179.66 $0.00 $169.80 $30,379.79
120 $30,379.79 $179.66 $0.00 $171.77 $30,731.22
121 $30,731.22 $179.66 $0.00 $173.76 $31,084.64
122 $31,084.64 $179.66 $0.00 $175.76 $31,440.06
123 $31,440.06 $179.66 $0.00 $177.77 $31,797.49
124 $31,797.49 $179.66 $0.00 $179.79 $32,156.94
125 $32,156.94 $179.66 $0.00 $181.82 $32,518.42
126 $32,518.42 $179.66 $0.00 $183.86 $32,881.94
127 $32,881.94 $179.66 $0.00 $185.92 $33,247.52
128 $33,247.52 $179.66 $0.00 $187.99 $33,615.17
129 $33,615.17 $179.66 $0.00 $190.07 $33,984.90
130 $33,984.90 $179.66 $0.00 $192.16 $34,356.72
131 $34,356.72 $179.66 $0.00 $194.26 $34,730.64
132 $34,730.64 $179.66 $0.00 $196.37 $35,106.67
133 $35,106.67 $179.66 $0.00 $198.50 $35,484.83
134 $35,484.83 $179.66 $0.00 $200.64 $35,865.13
135 $35,865.13 $179.66 $0.00 $202.79 $36,247.58
136 $36,247.58 $179.66 $0.00 $204.95 $36,632.19
137 $36,632.19 $179.66 $0.00 $207.12 $37,018.97
138 $37,018.97 $179.66 $0.00 $209.31 $37,407.94
139 $37,407.94 $179.66 $0.00 $211.51 $37,799.11
140 $37,799.11 $179.66 $0.00 $213.72 $38,192.49
141 $38,192.49 $179.66 $0.00 $215.95 $38,588.10
142 $38,588.10 $179.66 $0.00 $218.18 $38,985.94
143 $38,985.94 $179.66 $0.00 $220.43 $39,386.03
144 $39,386.03 $179.66 $0.00 $222.69 $39,788.38
145 $39,788.38 $179.66 $0.00 $224.97 $40,193.01
146 $40,193.01 $179.66 $0.00 $227.26 $40,599.93
147 $40,599.93 $179.66 $0.00 $229.56 $41,009.15
148 $41,009.15 $179.66 $0.00 $231.87 $41,420.68
149 $41,420.68 $179.66 $0.00 $234.20 $41,834.54
150 $41,834.54 $179.66 $0.00 $236.54 $42,250.74
151 $42,250.74 $179.66 $0.00 $238.89 $42,669.29
152 $42,669.29 $179.66 $0.00 $241.26 $43,090.21
153 $43,090.21 $179.66 $0.00 $243.64 $43,513.51
154 $43,513.51 $179.66 $0.00 $246.03 $43,939.20
155 $43,939.20 $179.66 $0.00 $248.44 $44,367.30
156 $44,367.30 $179.66 $0.00 $250.86 $44,797.82
157 $44,797.82 $179.66 $0.00 $253.29 $45,230.77
158 $45,230.77 $179.66 $0.00 $255.74 $45,666.17
159 $45,666.17 $179.66 $0.00 $258.20 $46,104.03
160 $46,104.03 $179.66 $0.00 $260.68 $46,544.37
161 $46,544.37 $179.66 $0.00 $263.17 $46,987.20
162 $46,987.20 $179.66 $0.00 $265.67 $47,432.53
163 $47,432.53 $179.66 $0.00 $268.19 $47,880.38
164 $47,880.38 $179.66 $0.00 $270.72 $48,330.76
165 $48,330.76 $179.66 $0.00 $273.27 $48,783.69
166 $48,783.69 $179.66 $0.00 $275.83 $49,239.18
167 $49,239.18 $179.66 $0.00 $278.41 $49,697.25
168 $49,697.25 $179.66 $0.00 $281.00 $50,157.91
169 $50,157.91 $179.66 $0.00 $283.60 $50,621.17
170 $50,621.17 $179.66 $0.00 $286.22 $51,087.05
171 $51,087.05 $179.66 $0.00 $288.85 $51,555.56
172 $51,555.56 $179.66 $0.00 $291.50 $52,026.72
173 $52,026.72 $179.66 $0.00 $294.17 $52,500.55
174 $52,500.55 $179.66 $0.00 $296.85 $52,977.06
175 $52,977.06 $179.66 $0.00 $299.54 $53,456.26
176 $53,456.26 $179.66 $0.00 $302.25 $53,938.17
177 $53,938.17 $179.66 $0.00 $304.97 $54,422.80
178 $54,422.80 $179.66 $0.00 $307.71 $54,910.17
179 $54,910.17 $179.66 $0.00 $310.47 $55,400.30
180 $55,400.30 $179.66 $0.00 $313.24 $55,893.20
181 $55,893.20 $179.66 $0.00 $316.03 $56,388.89
182 $56,388.89 $179.66 $0.00 $318.83 $56,887.38
183 $56,887.38 $179.66 $0.00 $321.65 $57,388.69
184 $57,388.69 $179.66 $0.00 $324.48 $57,892.83
185 $57,892.83 $179.66 $0.00 $327.33 $58,399.82
186 $58,399.82 $179.66 $0.00 $330.20 $58,909.68
187 $58,909.68 $179.66 $0.00 $333.08 $59,422.42
188 $59,422.42 $179.66 $0.00 $335.98 $59,938.06
189 $59,938.06 $179.66 $0.00 $338.90 $60,456.62
190 $60,456.62 $179.66 $0.00 $341.83 $60,978.11
191 $60,978.11 $179.66 $0.00 $344.78 $61,502.55
192 $61,502.55 $179.66 $0.00 $347.74 $62,029.95
193 $62,029.95 $179.66 $0.00 $350.73 $62,560.34
194 $62,560.34 $179.66 $0.00 $353.73 $63,093.73
195 $63,093.73 $179.66 $0.00 $356.74 $63,630.13
196 $63,630.13 $179.66 $0.00 $359.77 $64,169.56
197 $64,169.56 $179.66 $0.00 $362.82 $64,712.04
198 $64,712.04 $179.66 $0.00 $365.89 $65,257.59
199 $65,257.59 $179.66 $0.00 $368.98 $65,806.23
200 $65,806.23 $179.66 $0.00 $372.08 $66,357.97
201 $66,357.97 $179.66 $0.00 $375.20 $66,912.83
202 $66,912.83 $179.66 $0.00 $378.33 $67,470.82
203 $67,470.82 $179.66 $0.00 $381.49 $68,031.97
204 $68,031.97 $179.66 $0.00 $384.66 $68,596.29
205 $68,596.29 $179.66 $0.00 $387.85 $69,163.80
206 $69,163.80 $179.66 $0.00 $391.06 $69,734.52
207 $69,734.52 $179.66 $0.00 $394.29 $70,308.47
208 $70,308.47 $179.66 $0.00 $397.53 $70,885.66
209 $70,885.66 $179.66 $0.00 $400.80 $71,466.12
210 $71,466.12 $179.66 $0.00 $404.08 $72,049.86
211 $72,049.86 $179.66 $0.00 $407.38 $72,636.90
212 $72,636.90 $179.66 $0.00 $410.70 $73,227.26
213 $73,227.26 $179.66 $0.00 $414.04 $73,820.96
214 $73,820.96 $179.66 $0.00 $417.39 $74,418.01
215 $74,418.01 $179.66 $0.00 $420.77 $75,018.44
216 $75,018.44 $179.66 $0.00 $424.17 $75,622.27
217 $75,622.27 $179.66 $39,439.68 $427.58 $36,789.83
218 $36,789.83 $179.66 $0.00 $208.02 $37,177.51
219 $37,177.51 $179.66 $0.00 $210.21 $37,567.38
220 $37,567.38 $179.66 $0.00 $212.41 $37,959.45
221 $37,959.45 $179.66 $0.00 $214.63 $38,353.74
222 $38,353.74 $179.66 $0.00 $216.86 $38,750.26
223 $38,750.26 $179.66 $0.00 $219.10 $39,149.02
224 $39,149.02 $179.66 $0.00 $221.35 $39,550.03
225 $39,550.03 $179.66 $0.00 $223.62 $39,953.31
226 $39,953.31 $179.66 $0.00 $225.90 $40,358.87
227 $40,358.87 $179.66 $0.00 $228.19 $40,766.72
228 $40,766.72 $179.66 $0.00 $230.50 $41,176.88
229 $41,176.88 $0.00 $41,411.66 $232.82 ($1.96)