Savings Plan and Future Cost Estimation for Rock Valley College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$83,181
Monthly savings required$370

How much will it cost to send your child to Rock Valley College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $166,361.82 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $369.56 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$23,778.00
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 $369.56 $0.00 $0.00 $369.56
2 $369.56 $369.56 $0.00 $2.09 $741.21
3 $741.21 $369.56 $0.00 $4.19 $1,114.96
4 $1,114.96 $369.56 $0.00 $6.30 $1,490.82
5 $1,490.82 $369.56 $0.00 $8.43 $1,868.81
6 $1,868.81 $369.56 $0.00 $10.57 $2,248.94
7 $2,248.94 $369.56 $0.00 $12.72 $2,631.22
8 $2,631.22 $369.56 $0.00 $14.88 $3,015.66
9 $3,015.66 $369.56 $0.00 $17.05 $3,402.27
10 $3,402.27 $369.56 $0.00 $19.24 $3,791.07
11 $3,791.07 $369.56 $0.00 $21.44 $4,182.07
12 $4,182.07 $369.56 $0.00 $23.65 $4,575.28
13 $4,575.28 $369.56 $0.00 $25.87 $4,970.71
14 $4,970.71 $369.56 $0.00 $28.11 $5,368.38
15 $5,368.38 $369.56 $0.00 $30.35 $5,768.29
16 $5,768.29 $369.56 $0.00 $32.61 $6,170.46
17 $6,170.46 $369.56 $0.00 $34.89 $6,574.91
18 $6,574.91 $369.56 $0.00 $37.18 $6,981.65
19 $6,981.65 $369.56 $0.00 $39.48 $7,390.69
20 $7,390.69 $369.56 $0.00 $41.79 $7,802.04
21 $7,802.04 $369.56 $0.00 $44.11 $8,215.71
22 $8,215.71 $369.56 $0.00 $46.45 $8,631.72
23 $8,631.72 $369.56 $0.00 $48.80 $9,050.08
24 $9,050.08 $369.56 $0.00 $51.17 $9,470.81
25 $9,470.81 $369.56 $0.00 $53.55 $9,893.92
26 $9,893.92 $369.56 $0.00 $55.94 $10,319.42
27 $10,319.42 $369.56 $0.00 $58.35 $10,747.33
28 $10,747.33 $369.56 $0.00 $60.77 $11,177.66
29 $11,177.66 $369.56 $0.00 $63.20 $11,610.42
30 $11,610.42 $369.56 $0.00 $65.65 $12,045.63
31 $12,045.63 $369.56 $0.00 $68.11 $12,483.30
32 $12,483.30 $369.56 $0.00 $70.58 $12,923.44
33 $12,923.44 $369.56 $0.00 $73.07 $13,366.07
34 $13,366.07 $369.56 $0.00 $75.57 $13,811.20
35 $13,811.20 $369.56 $0.00 $78.09 $14,258.85
36 $14,258.85 $369.56 $0.00 $80.62 $14,709.03
37 $14,709.03 $369.56 $0.00 $83.17 $15,161.76
38 $15,161.76 $369.56 $0.00 $85.73 $15,617.05
39 $15,617.05 $369.56 $0.00 $88.30 $16,074.91
40 $16,074.91 $369.56 $0.00 $90.89 $16,535.36
41 $16,535.36 $369.56 $0.00 $93.49 $16,998.41
42 $16,998.41 $369.56 $0.00 $96.11 $17,464.08
43 $17,464.08 $369.56 $0.00 $98.74 $17,932.38
44 $17,932.38 $369.56 $0.00 $101.39 $18,403.33
45 $18,403.33 $369.56 $0.00 $104.06 $18,876.95
46 $18,876.95 $369.56 $0.00 $106.73 $19,353.24
47 $19,353.24 $369.56 $0.00 $109.43 $19,832.23
48 $19,832.23 $369.56 $0.00 $112.13 $20,313.92
49 $20,313.92 $369.56 $0.00 $114.86 $20,798.34
50 $20,798.34 $369.56 $0.00 $117.60 $21,285.50
51 $21,285.50 $369.56 $0.00 $120.35 $21,775.41
52 $21,775.41 $369.56 $0.00 $123.12 $22,268.09
53 $22,268.09 $369.56 $0.00 $125.91 $22,763.56
54 $22,763.56 $369.56 $0.00 $128.71 $23,261.83
55 $23,261.83 $369.56 $0.00 $131.53 $23,762.92
56 $23,762.92 $369.56 $0.00 $134.36 $24,266.84
57 $24,266.84 $369.56 $0.00 $137.21 $24,773.61
58 $24,773.61 $369.56 $0.00 $140.07 $25,283.24
59 $25,283.24 $369.56 $0.00 $142.96 $25,795.76
60 $25,795.76 $369.56 $0.00 $145.85 $26,311.17
61 $26,311.17 $369.56 $0.00 $148.77 $26,829.50
62 $26,829.50 $369.56 $0.00 $151.70 $27,350.76
63 $27,350.76 $369.56 $0.00 $154.65 $27,874.97
64 $27,874.97 $369.56 $0.00 $157.61 $28,402.14
65 $28,402.14 $369.56 $0.00 $160.59 $28,932.29
66 $28,932.29 $369.56 $0.00 $163.59 $29,465.44
67 $29,465.44 $369.56 $0.00 $166.60 $30,001.60
68 $30,001.60 $369.56 $0.00 $169.63 $30,540.79
69 $30,540.79 $369.56 $0.00 $172.68 $31,083.03
70 $31,083.03 $369.56 $0.00 $175.75 $31,628.34
71 $31,628.34 $369.56 $0.00 $178.83 $32,176.73
72 $32,176.73 $369.56 $0.00 $181.93 $32,728.22
73 $32,728.22 $369.56 $0.00 $185.05 $33,282.83
74 $33,282.83 $369.56 $0.00 $188.19 $33,840.58
75 $33,840.58 $369.56 $0.00 $191.34 $34,401.48
76 $34,401.48 $369.56 $0.00 $194.51 $34,965.55
77 $34,965.55 $369.56 $0.00 $197.70 $35,532.81
78 $35,532.81 $369.56 $0.00 $200.91 $36,103.28
79 $36,103.28 $369.56 $0.00 $204.13 $36,676.97
80 $36,676.97 $369.56 $0.00 $207.38 $37,253.91
81 $37,253.91 $369.56 $0.00 $210.64 $37,834.11
82 $37,834.11 $369.56 $0.00 $213.92 $38,417.59
83 $38,417.59 $369.56 $0.00 $217.22 $39,004.37
84 $39,004.37 $369.56 $0.00 $220.54 $39,594.47
85 $39,594.47 $369.56 $0.00 $223.87 $40,187.90
86 $40,187.90 $369.56 $0.00 $227.23 $40,784.69
87 $40,784.69 $369.56 $0.00 $230.60 $41,384.85
88 $41,384.85 $369.56 $0.00 $234.00 $41,988.41
89 $41,988.41 $369.56 $0.00 $237.41 $42,595.38
90 $42,595.38 $369.56 $0.00 $240.84 $43,205.78
91 $43,205.78 $369.56 $0.00 $244.29 $43,819.63
92 $43,819.63 $369.56 $0.00 $247.76 $44,436.95
93 $44,436.95 $369.56 $0.00 $251.25 $45,057.76
94 $45,057.76 $369.56 $0.00 $254.76 $45,682.08
95 $45,682.08 $369.56 $0.00 $258.29 $46,309.93
96 $46,309.93 $369.56 $0.00 $261.84 $46,941.33
97 $46,941.33 $369.56 $0.00 $265.41 $47,576.30
98 $47,576.30 $369.56 $0.00 $269.00 $48,214.86
99 $48,214.86 $369.56 $0.00 $272.61 $48,857.03
100 $48,857.03 $369.56 $0.00 $276.24 $49,502.83
101 $49,502.83 $369.56 $0.00 $279.90 $50,152.29
102 $50,152.29 $369.56 $0.00 $283.57 $50,805.42
103 $50,805.42 $369.56 $0.00 $287.26 $51,462.24
104 $51,462.24 $369.56 $0.00 $290.97 $52,122.77
105 $52,122.77 $369.56 $0.00 $294.71 $52,787.04
106 $52,787.04 $369.56 $0.00 $298.47 $53,455.07
107 $53,455.07 $369.56 $0.00 $302.24 $54,126.87
108 $54,126.87 $369.56 $0.00 $306.04 $54,802.47
109 $54,802.47 $369.56 $0.00 $309.86 $55,481.89
110 $55,481.89 $369.56 $0.00 $313.70 $56,165.15
111 $56,165.15 $369.56 $0.00 $317.57 $56,852.28
112 $56,852.28 $369.56 $0.00 $321.45 $57,543.29
113 $57,543.29 $369.56 $0.00 $325.36 $58,238.21
114 $58,238.21 $369.56 $0.00 $329.29 $58,937.06
115 $58,937.06 $369.56 $0.00 $333.24 $59,639.86
116 $59,639.86 $369.56 $0.00 $337.21 $60,346.63
117 $60,346.63 $369.56 $0.00 $341.21 $61,057.40
118 $61,057.40 $369.56 $0.00 $345.23 $61,772.19
119 $61,772.19 $369.56 $0.00 $349.27 $62,491.02
120 $62,491.02 $369.56 $0.00 $353.33 $63,213.91
121 $63,213.91 $369.56 $0.00 $357.42 $63,940.89
122 $63,940.89 $369.56 $0.00 $361.53 $64,671.98
123 $64,671.98 $369.56 $0.00 $365.66 $65,407.20
124 $65,407.20 $369.56 $0.00 $369.82 $66,146.58
125 $66,146.58 $369.56 $0.00 $374.00 $66,890.14
126 $66,890.14 $369.56 $0.00 $378.21 $67,637.91
127 $67,637.91 $369.56 $0.00 $382.43 $68,389.90
128 $68,389.90 $369.56 $0.00 $386.69 $69,146.15
129 $69,146.15 $369.56 $0.00 $390.96 $69,906.67
130 $69,906.67 $369.56 $0.00 $395.26 $70,671.49
131 $70,671.49 $369.56 $0.00 $399.59 $71,440.64
132 $71,440.64 $369.56 $0.00 $403.94 $72,214.14
133 $72,214.14 $369.56 $0.00 $408.31 $72,992.01
134 $72,992.01 $369.56 $0.00 $412.71 $73,774.28
135 $73,774.28 $369.56 $0.00 $417.13 $74,560.97
136 $74,560.97 $369.56 $0.00 $421.58 $75,352.11
137 $75,352.11 $369.56 $0.00 $426.05 $76,147.72
138 $76,147.72 $369.56 $0.00 $430.55 $76,947.83
139 $76,947.83 $369.56 $0.00 $435.07 $77,752.46
140 $77,752.46 $369.56 $0.00 $439.62 $78,561.64
141 $78,561.64 $369.56 $0.00 $444.20 $79,375.40
142 $79,375.40 $369.56 $0.00 $448.80 $80,193.76
143 $80,193.76 $369.56 $0.00 $453.43 $81,016.75
144 $81,016.75 $369.56 $0.00 $458.08 $81,844.39
145 $81,844.39 $369.56 $0.00 $462.76 $82,676.71
146 $82,676.71 $369.56 $0.00 $467.47 $83,513.74
147 $83,513.74 $369.56 $0.00 $472.20 $84,355.50
148 $84,355.50 $369.56 $0.00 $476.96 $85,202.02
149 $85,202.02 $369.56 $0.00 $481.74 $86,053.32
150 $86,053.32 $369.56 $0.00 $486.56 $86,909.44
151 $86,909.44 $369.56 $0.00 $491.40 $87,770.40
152 $87,770.40 $369.56 $0.00 $496.27 $88,636.23
153 $88,636.23 $369.56 $0.00 $501.16 $89,506.95
154 $89,506.95 $369.56 $0.00 $506.09 $90,382.60
155 $90,382.60 $369.56 $0.00 $511.04 $91,263.20
156 $91,263.20 $369.56 $0.00 $516.02 $92,148.78
157 $92,148.78 $369.56 $0.00 $521.02 $93,039.36
158 $93,039.36 $369.56 $0.00 $526.06 $93,934.98
159 $93,934.98 $369.56 $0.00 $531.12 $94,835.66
160 $94,835.66 $369.56 $0.00 $536.21 $95,741.43
161 $95,741.43 $369.56 $0.00 $541.34 $96,652.33
162 $96,652.33 $369.56 $0.00 $546.49 $97,568.38
163 $97,568.38 $369.56 $0.00 $551.67 $98,489.61
164 $98,489.61 $369.56 $0.00 $556.87 $99,416.04
165 $99,416.04 $369.56 $0.00 $562.11 $100,347.71
166 $100,347.71 $369.56 $0.00 $567.38 $101,284.65
167 $101,284.65 $369.56 $0.00 $572.68 $102,226.89
168 $102,226.89 $369.56 $0.00 $578.01 $103,174.46
169 $103,174.46 $369.56 $0.00 $583.36 $104,127.38
170 $104,127.38 $369.56 $0.00 $588.75 $105,085.69
171 $105,085.69 $369.56 $0.00 $594.17 $106,049.42
172 $106,049.42 $369.56 $0.00 $599.62 $107,018.60
173 $107,018.60 $369.56 $0.00 $605.10 $107,993.26
174 $107,993.26 $369.56 $0.00 $610.61 $108,973.43
175 $108,973.43 $369.56 $0.00 $616.15 $109,959.14
176 $109,959.14 $369.56 $0.00 $621.72 $110,950.42
177 $110,950.42 $369.56 $0.00 $627.33 $111,947.31
178 $111,947.31 $369.56 $0.00 $632.97 $112,949.84
179 $112,949.84 $369.56 $0.00 $638.63 $113,958.03
180 $113,958.03 $369.56 $0.00 $644.34 $114,971.93
181 $114,971.93 $369.56 $0.00 $650.07 $115,991.56
182 $115,991.56 $369.56 $0.00 $655.83 $117,016.95
183 $117,016.95 $369.56 $0.00 $661.63 $118,048.14
184 $118,048.14 $369.56 $0.00 $667.46 $119,085.16
185 $119,085.16 $369.56 $0.00 $673.32 $120,128.04
186 $120,128.04 $369.56 $0.00 $679.22 $121,176.82
187 $121,176.82 $369.56 $0.00 $685.15 $122,231.53
188 $122,231.53 $369.56 $0.00 $691.11 $123,292.20
189 $123,292.20 $369.56 $0.00 $697.11 $124,358.87
190 $124,358.87 $369.56 $0.00 $703.14 $125,431.57
191 $125,431.57 $369.56 $0.00 $709.21 $126,510.34
192 $126,510.34 $369.56 $0.00 $715.31 $127,595.21
193 $127,595.21 $369.56 $0.00 $721.44 $128,686.21
194 $128,686.21 $369.56 $0.00 $727.61 $129,783.38
195 $129,783.38 $369.56 $0.00 $733.81 $130,886.75
196 $130,886.75 $369.56 $0.00 $740.05 $131,996.36
197 $131,996.36 $369.56 $0.00 $746.33 $133,112.25
198 $133,112.25 $369.56 $0.00 $752.64 $134,234.45
199 $134,234.45 $369.56 $0.00 $758.98 $135,362.99
200 $135,362.99 $369.56 $0.00 $765.36 $136,497.91
201 $136,497.91 $369.56 $0.00 $771.78 $137,639.25
202 $137,639.25 $369.56 $0.00 $778.23 $138,787.04
203 $138,787.04 $369.56 $0.00 $784.72 $139,941.32
204 $139,941.32 $369.56 $0.00 $791.25 $141,102.13
205 $141,102.13 $369.56 $0.00 $797.81 $142,269.50
206 $142,269.50 $369.56 $0.00 $804.41 $143,443.47
207 $143,443.47 $369.56 $0.00 $811.05 $144,624.08
208 $144,624.08 $369.56 $0.00 $817.73 $145,811.37
209 $145,811.37 $369.56 $0.00 $824.44 $147,005.37
210 $147,005.37 $369.56 $0.00 $831.19 $148,206.12
211 $148,206.12 $369.56 $0.00 $837.98 $149,413.66
212 $149,413.66 $369.56 $0.00 $844.81 $150,628.03
213 $150,628.03 $369.56 $0.00 $851.67 $151,849.26
214 $151,849.26 $369.56 $0.00 $858.58 $153,077.40
215 $153,077.40 $369.56 $0.00 $865.52 $154,312.48
216 $154,312.48 $369.56 $0.00 $872.51 $155,554.55
217 $155,554.55 $369.56 $80,368.03 $879.53 $76,435.61
218 $76,435.61 $369.56 $0.00 $432.18 $77,237.35
219 $77,237.35 $369.56 $0.00 $436.71 $78,043.62
220 $78,043.62 $369.56 $0.00 $441.27 $78,854.45
221 $78,854.45 $369.56 $0.00 $445.85 $79,669.86
222 $79,669.86 $369.56 $0.00 $450.46 $80,489.88
223 $80,489.88 $369.56 $0.00 $455.10 $81,314.54
224 $81,314.54 $369.56 $0.00 $459.76 $82,143.86
225 $82,143.86 $369.56 $0.00 $464.45 $82,977.87
226 $82,977.87 $369.56 $0.00 $469.17 $83,816.60
227 $83,816.60 $369.56 $0.00 $473.91 $84,660.07
228 $84,660.07 $369.56 $0.00 $478.68 $85,508.31
229 $85,508.31 $0.00 $85,993.79 $483.48 -$2.00