Savings Plan and Future Cost Estimation for Independence Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$35,833
Monthly savings required$159

How much will it cost to send your child to Independence Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $71,665.03 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $159.25 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$14,526.00
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 $159.25 $0.00 $0.00 $159.25
2 $159.25 $159.25 $0.00 $0.90 $319.40
3 $319.40 $159.25 $0.00 $1.81 $480.46
4 $480.46 $159.25 $0.00 $2.72 $642.43
5 $642.43 $159.25 $0.00 $3.63 $805.31
6 $805.31 $159.25 $0.00 $4.55 $969.11
7 $969.11 $159.25 $0.00 $5.48 $1,133.84
8 $1,133.84 $159.25 $0.00 $6.41 $1,299.50
9 $1,299.50 $159.25 $0.00 $7.35 $1,466.10
10 $1,466.10 $159.25 $0.00 $8.29 $1,633.64
11 $1,633.64 $159.25 $0.00 $9.24 $1,802.13
12 $1,802.13 $159.25 $0.00 $10.19 $1,971.57
13 $1,971.57 $159.25 $0.00 $11.15 $2,141.97
14 $2,141.97 $159.25 $0.00 $12.11 $2,313.33
15 $2,313.33 $159.25 $0.00 $13.08 $2,485.66
16 $2,485.66 $159.25 $0.00 $14.05 $2,658.96
17 $2,658.96 $159.25 $0.00 $15.03 $2,833.24
18 $2,833.24 $159.25 $0.00 $16.02 $3,008.51
19 $3,008.51 $159.25 $0.00 $17.01 $3,184.77
20 $3,184.77 $159.25 $0.00 $18.01 $3,362.03
21 $3,362.03 $159.25 $0.00 $19.01 $3,540.29
22 $3,540.29 $159.25 $0.00 $20.02 $3,719.56
23 $3,719.56 $159.25 $0.00 $21.03 $3,899.84
24 $3,899.84 $159.25 $0.00 $22.05 $4,081.14
25 $4,081.14 $159.25 $0.00 $23.08 $4,263.47
26 $4,263.47 $159.25 $0.00 $24.11 $4,446.83
27 $4,446.83 $159.25 $0.00 $25.14 $4,631.22
28 $4,631.22 $159.25 $0.00 $26.19 $4,816.66
29 $4,816.66 $159.25 $0.00 $27.23 $5,003.14
30 $5,003.14 $159.25 $0.00 $28.29 $5,190.68
31 $5,190.68 $159.25 $0.00 $29.35 $5,379.28
32 $5,379.28 $159.25 $0.00 $30.42 $5,568.95
33 $5,568.95 $159.25 $0.00 $31.49 $5,759.69
34 $5,759.69 $159.25 $0.00 $32.57 $5,951.51
35 $5,951.51 $159.25 $0.00 $33.65 $6,144.41
36 $6,144.41 $159.25 $0.00 $34.74 $6,338.40
37 $6,338.40 $159.25 $0.00 $35.84 $6,533.49
38 $6,533.49 $159.25 $0.00 $36.94 $6,729.68
39 $6,729.68 $159.25 $0.00 $38.05 $6,926.98
40 $6,926.98 $159.25 $0.00 $39.17 $7,125.40
41 $7,125.40 $159.25 $0.00 $40.29 $7,324.94
42 $7,324.94 $159.25 $0.00 $41.42 $7,525.61
43 $7,525.61 $159.25 $0.00 $42.55 $7,727.41
44 $7,727.41 $159.25 $0.00 $43.69 $7,930.35
45 $7,930.35 $159.25 $0.00 $44.84 $8,134.44
46 $8,134.44 $159.25 $0.00 $45.99 $8,339.68
47 $8,339.68 $159.25 $0.00 $47.15 $8,546.08
48 $8,546.08 $159.25 $0.00 $48.32 $8,753.65
49 $8,753.65 $159.25 $0.00 $49.49 $8,962.39
50 $8,962.39 $159.25 $0.00 $50.67 $9,172.31
51 $9,172.31 $159.25 $0.00 $51.86 $9,383.42
52 $9,383.42 $159.25 $0.00 $53.06 $9,595.73
53 $9,595.73 $159.25 $0.00 $54.26 $9,809.24
54 $9,809.24 $159.25 $0.00 $55.46 $10,023.95
55 $10,023.95 $159.25 $0.00 $56.68 $10,239.88
56 $10,239.88 $159.25 $0.00 $57.90 $10,457.03
57 $10,457.03 $159.25 $0.00 $59.13 $10,675.41
58 $10,675.41 $159.25 $0.00 $60.36 $10,895.02
59 $10,895.02 $159.25 $0.00 $61.60 $11,115.87
60 $11,115.87 $159.25 $0.00 $62.85 $11,337.97
61 $11,337.97 $159.25 $0.00 $64.11 $11,561.33
62 $11,561.33 $159.25 $0.00 $65.37 $11,785.95
63 $11,785.95 $159.25 $0.00 $66.64 $12,011.84
64 $12,011.84 $159.25 $0.00 $67.92 $12,239.01
65 $12,239.01 $159.25 $0.00 $69.20 $12,467.46
66 $12,467.46 $159.25 $0.00 $70.49 $12,697.20
67 $12,697.20 $159.25 $0.00 $71.79 $12,928.24
68 $12,928.24 $159.25 $0.00 $73.10 $13,160.59
69 $13,160.59 $159.25 $0.00 $74.41 $13,394.25
70 $13,394.25 $159.25 $0.00 $75.73 $13,629.23
71 $13,629.23 $159.25 $0.00 $77.06 $13,865.54
72 $13,865.54 $159.25 $0.00 $78.40 $14,103.19
73 $14,103.19 $159.25 $0.00 $79.74 $14,342.18
74 $14,342.18 $159.25 $0.00 $81.09 $14,582.52
75 $14,582.52 $159.25 $0.00 $82.45 $14,824.22
76 $14,824.22 $159.25 $0.00 $83.82 $15,067.29
77 $15,067.29 $159.25 $0.00 $85.19 $15,311.73
78 $15,311.73 $159.25 $0.00 $86.57 $15,557.55
79 $15,557.55 $159.25 $0.00 $87.96 $15,804.76
80 $15,804.76 $159.25 $0.00 $89.36 $16,053.37
81 $16,053.37 $159.25 $0.00 $90.77 $16,303.39
82 $16,303.39 $159.25 $0.00 $92.18 $16,554.82
83 $16,554.82 $159.25 $0.00 $93.60 $16,807.67
84 $16,807.67 $159.25 $0.00 $95.03 $17,061.95
85 $17,061.95 $159.25 $0.00 $96.47 $17,317.67
86 $17,317.67 $159.25 $0.00 $97.92 $17,574.84
87 $17,574.84 $159.25 $0.00 $99.37 $17,833.46
88 $17,833.46 $159.25 $0.00 $100.83 $18,093.54
89 $18,093.54 $159.25 $0.00 $102.30 $18,355.09
90 $18,355.09 $159.25 $0.00 $103.78 $18,618.12
91 $18,618.12 $159.25 $0.00 $105.27 $18,882.64
92 $18,882.64 $159.25 $0.00 $106.77 $19,148.66
93 $19,148.66 $159.25 $0.00 $108.27 $19,416.18
94 $19,416.18 $159.25 $0.00 $109.78 $19,685.21
95 $19,685.21 $159.25 $0.00 $111.30 $19,955.76
96 $19,955.76 $159.25 $0.00 $112.83 $20,227.84
97 $20,227.84 $159.25 $0.00 $114.37 $20,501.46
98 $20,501.46 $159.25 $0.00 $115.92 $20,776.63
99 $20,776.63 $159.25 $0.00 $117.47 $21,053.35
100 $21,053.35 $159.25 $0.00 $119.04 $21,331.64
101 $21,331.64 $159.25 $0.00 $120.61 $21,611.50
102 $21,611.50 $159.25 $0.00 $122.19 $21,892.94
103 $21,892.94 $159.25 $0.00 $123.79 $22,175.98
104 $22,175.98 $159.25 $0.00 $125.39 $22,460.62
105 $22,460.62 $159.25 $0.00 $127.00 $22,746.87
106 $22,746.87 $159.25 $0.00 $128.61 $23,034.73
107 $23,034.73 $159.25 $0.00 $130.24 $23,324.22
108 $23,324.22 $159.25 $0.00 $131.88 $23,615.35
109 $23,615.35 $159.25 $0.00 $133.52 $23,908.12
110 $23,908.12 $159.25 $0.00 $135.18 $24,202.55
111 $24,202.55 $159.25 $0.00 $136.84 $24,498.64
112 $24,498.64 $159.25 $0.00 $138.52 $24,796.41
113 $24,796.41 $159.25 $0.00 $140.20 $25,095.86
114 $25,095.86 $159.25 $0.00 $141.90 $25,397.01
115 $25,397.01 $159.25 $0.00 $143.60 $25,699.86
116 $25,699.86 $159.25 $0.00 $145.31 $26,004.42
117 $26,004.42 $159.25 $0.00 $147.03 $26,310.70
118 $26,310.70 $159.25 $0.00 $148.76 $26,618.71
119 $26,618.71 $159.25 $0.00 $150.51 $26,928.47
120 $26,928.47 $159.25 $0.00 $152.26 $27,239.98
121 $27,239.98 $159.25 $0.00 $154.02 $27,553.25
122 $27,553.25 $159.25 $0.00 $155.79 $27,868.29
123 $27,868.29 $159.25 $0.00 $157.57 $28,185.11
124 $28,185.11 $159.25 $0.00 $159.36 $28,503.72
125 $28,503.72 $159.25 $0.00 $161.16 $28,824.13
126 $28,824.13 $159.25 $0.00 $162.98 $29,146.36
127 $29,146.36 $159.25 $0.00 $164.80 $29,470.41
128 $29,470.41 $159.25 $0.00 $166.63 $29,796.29
129 $29,796.29 $159.25 $0.00 $168.47 $30,124.01
130 $30,124.01 $159.25 $0.00 $170.33 $30,453.59
131 $30,453.59 $159.25 $0.00 $172.19 $30,785.03
132 $30,785.03 $159.25 $0.00 $174.06 $31,118.34
133 $31,118.34 $159.25 $0.00 $175.95 $31,453.54
134 $31,453.54 $159.25 $0.00 $177.84 $31,790.63
135 $31,790.63 $159.25 $0.00 $179.75 $32,129.63
136 $32,129.63 $159.25 $0.00 $181.67 $32,470.55
137 $32,470.55 $159.25 $0.00 $183.59 $32,813.39
138 $32,813.39 $159.25 $0.00 $185.53 $33,158.17
139 $33,158.17 $159.25 $0.00 $187.48 $33,504.90
140 $33,504.90 $159.25 $0.00 $189.44 $33,853.59
141 $33,853.59 $159.25 $0.00 $191.41 $34,204.25
142 $34,204.25 $159.25 $0.00 $193.40 $34,556.90
143 $34,556.90 $159.25 $0.00 $195.39 $34,911.54
144 $34,911.54 $159.25 $0.00 $197.39 $35,268.18
145 $35,268.18 $159.25 $0.00 $199.41 $35,626.84
146 $35,626.84 $159.25 $0.00 $201.44 $35,987.53
147 $35,987.53 $159.25 $0.00 $203.48 $36,350.26
148 $36,350.26 $159.25 $0.00 $205.53 $36,715.04
149 $36,715.04 $159.25 $0.00 $207.59 $37,081.88
150 $37,081.88 $159.25 $0.00 $209.67 $37,450.80
151 $37,450.80 $159.25 $0.00 $211.75 $37,821.80
152 $37,821.80 $159.25 $0.00 $213.85 $38,194.90
153 $38,194.90 $159.25 $0.00 $215.96 $38,570.11
154 $38,570.11 $159.25 $0.00 $218.08 $38,947.44
155 $38,947.44 $159.25 $0.00 $220.21 $39,326.90
156 $39,326.90 $159.25 $0.00 $222.36 $39,708.51
157 $39,708.51 $159.25 $0.00 $224.52 $40,092.28
158 $40,092.28 $159.25 $0.00 $226.69 $40,478.22
159 $40,478.22 $159.25 $0.00 $228.87 $40,866.34
160 $40,866.34 $159.25 $0.00 $231.06 $41,256.65
161 $41,256.65 $159.25 $0.00 $233.27 $41,649.17
162 $41,649.17 $159.25 $0.00 $235.49 $42,043.91
163 $42,043.91 $159.25 $0.00 $237.72 $42,440.88
164 $42,440.88 $159.25 $0.00 $239.97 $42,840.10
165 $42,840.10 $159.25 $0.00 $242.22 $43,241.57
166 $43,241.57 $159.25 $0.00 $244.49 $43,645.31
167 $43,645.31 $159.25 $0.00 $246.78 $44,051.34
168 $44,051.34 $159.25 $0.00 $249.07 $44,459.66
169 $44,459.66 $159.25 $0.00 $251.38 $44,870.29
170 $44,870.29 $159.25 $0.00 $253.70 $45,283.24
171 $45,283.24 $159.25 $0.00 $256.04 $45,698.53
172 $45,698.53 $159.25 $0.00 $258.39 $46,116.17
173 $46,116.17 $159.25 $0.00 $260.75 $46,536.17
174 $46,536.17 $159.25 $0.00 $263.12 $46,958.54
175 $46,958.54 $159.25 $0.00 $265.51 $47,383.30
176 $47,383.30 $159.25 $0.00 $267.91 $47,810.46
177 $47,810.46 $159.25 $0.00 $270.33 $48,240.04
178 $48,240.04 $159.25 $0.00 $272.76 $48,672.05
179 $48,672.05 $159.25 $0.00 $275.20 $49,106.50
180 $49,106.50 $159.25 $0.00 $277.66 $49,543.41
181 $49,543.41 $159.25 $0.00 $280.13 $49,982.79
182 $49,982.79 $159.25 $0.00 $282.61 $50,424.65
183 $50,424.65 $159.25 $0.00 $285.11 $50,869.01
184 $50,869.01 $159.25 $0.00 $287.62 $51,315.88
185 $51,315.88 $159.25 $0.00 $290.15 $51,765.28
186 $51,765.28 $159.25 $0.00 $292.69 $52,217.22
187 $52,217.22 $159.25 $0.00 $295.24 $52,671.71
188 $52,671.71 $159.25 $0.00 $297.81 $53,128.77
189 $53,128.77 $159.25 $0.00 $300.40 $53,588.42
190 $53,588.42 $159.25 $0.00 $303.00 $54,050.67
191 $54,050.67 $159.25 $0.00 $305.61 $54,515.53
192 $54,515.53 $159.25 $0.00 $308.24 $54,983.02
193 $54,983.02 $159.25 $0.00 $310.88 $55,453.15
194 $55,453.15 $159.25 $0.00 $313.54 $55,925.94
195 $55,925.94 $159.25 $0.00 $316.21 $56,401.40
196 $56,401.40 $159.25 $0.00 $318.90 $56,879.55
197 $56,879.55 $159.25 $0.00 $321.61 $57,360.41
198 $57,360.41 $159.25 $0.00 $324.32 $57,843.98
199 $57,843.98 $159.25 $0.00 $327.06 $58,330.29
200 $58,330.29 $159.25 $0.00 $329.81 $58,819.35
201 $58,819.35 $159.25 $0.00 $332.57 $59,311.17
202 $59,311.17 $159.25 $0.00 $335.35 $59,805.77
203 $59,805.77 $159.25 $0.00 $338.15 $60,303.17
204 $60,303.17 $159.25 $0.00 $340.96 $60,803.38
205 $60,803.38 $159.25 $0.00 $343.79 $61,306.42
206 $61,306.42 $159.25 $0.00 $346.64 $61,812.31
207 $61,812.31 $159.25 $0.00 $349.50 $62,321.06
208 $62,321.06 $159.25 $0.00 $352.37 $62,832.68
209 $62,832.68 $159.25 $0.00 $355.27 $63,347.20
210 $63,347.20 $159.25 $0.00 $358.17 $63,864.62
211 $63,864.62 $159.25 $0.00 $361.10 $64,384.97
212 $64,384.97 $159.25 $0.00 $364.04 $64,908.26
213 $64,908.26 $159.25 $0.00 $367.00 $65,434.51
214 $65,434.51 $159.25 $0.00 $369.98 $65,963.74
215 $65,963.74 $159.25 $0.00 $372.97 $66,495.96
216 $66,495.96 $159.25 $0.00 $375.98 $67,031.19
217 $67,031.19 $159.25 $34,958.55 $379.00 $32,610.89
218 $32,610.89 $159.25 $0.00 $184.39 $32,954.53
219 $32,954.53 $159.25 $0.00 $186.33 $33,300.11
220 $33,300.11 $159.25 $0.00 $188.28 $33,647.64
221 $33,647.64 $159.25 $0.00 $190.25 $33,997.14
222 $33,997.14 $159.25 $0.00 $192.22 $34,348.61
223 $34,348.61 $159.25 $0.00 $194.21 $34,702.07
224 $34,702.07 $159.25 $0.00 $196.21 $35,057.53
225 $35,057.53 $159.25 $0.00 $198.22 $35,415.00
226 $35,415.00 $159.25 $0.00 $200.24 $35,774.49
227 $35,774.49 $159.25 $0.00 $202.27 $36,136.01
228 $36,136.01 $159.25 $0.00 $204.32 $36,499.58
229 $36,499.58 $0.00 $36,706.48 $206.37 ($0.53)