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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$37,182
Monthly savings required$165

How much will it cost to send your child to Southeast Kentucky Community and Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $74,363.69 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $165.25 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$15,073.00
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 $165.25 $0.00 $0.00 $165.25
2 $165.25 $165.25 $0.00 $0.93 $331.43
3 $331.43 $165.25 $0.00 $1.87 $498.55
4 $498.55 $165.25 $0.00 $2.82 $666.62
5 $666.62 $165.25 $0.00 $3.77 $835.64
6 $835.64 $165.25 $0.00 $4.72 $1,005.61
7 $1,005.61 $165.25 $0.00 $5.69 $1,176.55
8 $1,176.55 $165.25 $0.00 $6.65 $1,348.45
9 $1,348.45 $165.25 $0.00 $7.62 $1,521.32
10 $1,521.32 $165.25 $0.00 $8.60 $1,695.17
11 $1,695.17 $165.25 $0.00 $9.58 $1,870.00
12 $1,870.00 $165.25 $0.00 $10.57 $2,045.82
13 $2,045.82 $165.25 $0.00 $11.57 $2,222.64
14 $2,222.64 $165.25 $0.00 $12.57 $2,400.46
15 $2,400.46 $165.25 $0.00 $13.57 $2,579.28
16 $2,579.28 $165.25 $0.00 $14.58 $2,759.11
17 $2,759.11 $165.25 $0.00 $15.60 $2,939.96
18 $2,939.96 $165.25 $0.00 $16.62 $3,121.83
19 $3,121.83 $165.25 $0.00 $17.65 $3,304.73
20 $3,304.73 $165.25 $0.00 $18.69 $3,488.67
21 $3,488.67 $165.25 $0.00 $19.73 $3,673.65
22 $3,673.65 $165.25 $0.00 $20.77 $3,859.67
23 $3,859.67 $165.25 $0.00 $21.82 $4,046.74
24 $4,046.74 $165.25 $0.00 $22.88 $4,234.87
25 $4,234.87 $165.25 $0.00 $23.94 $4,424.06
26 $4,424.06 $165.25 $0.00 $25.01 $4,614.32
27 $4,614.32 $165.25 $0.00 $26.09 $4,805.66
28 $4,805.66 $165.25 $0.00 $27.17 $4,998.08
29 $4,998.08 $165.25 $0.00 $28.26 $5,191.59
30 $5,191.59 $165.25 $0.00 $29.35 $5,386.19
31 $5,386.19 $165.25 $0.00 $30.45 $5,581.89
32 $5,581.89 $165.25 $0.00 $31.56 $5,778.70
33 $5,778.70 $165.25 $0.00 $32.67 $5,976.62
34 $5,976.62 $165.25 $0.00 $33.79 $6,175.66
35 $6,175.66 $165.25 $0.00 $34.92 $6,375.83
36 $6,375.83 $165.25 $0.00 $36.05 $6,577.13
37 $6,577.13 $165.25 $0.00 $37.19 $6,779.57
38 $6,779.57 $165.25 $0.00 $38.33 $6,983.15
39 $6,983.15 $165.25 $0.00 $39.48 $7,187.88
40 $7,187.88 $165.25 $0.00 $40.64 $7,393.77
41 $7,393.77 $165.25 $0.00 $41.81 $7,600.83
42 $7,600.83 $165.25 $0.00 $42.98 $7,809.06
43 $7,809.06 $165.25 $0.00 $44.15 $8,018.46
44 $8,018.46 $165.25 $0.00 $45.34 $8,229.05
45 $8,229.05 $165.25 $0.00 $46.53 $8,440.83
46 $8,440.83 $165.25 $0.00 $47.73 $8,653.81
47 $8,653.81 $165.25 $0.00 $48.93 $8,867.99
48 $8,867.99 $165.25 $0.00 $50.14 $9,083.38
49 $9,083.38 $165.25 $0.00 $51.36 $9,299.99
50 $9,299.99 $165.25 $0.00 $52.58 $9,517.82
51 $9,517.82 $165.25 $0.00 $53.82 $9,736.89
52 $9,736.89 $165.25 $0.00 $55.05 $9,957.19
53 $9,957.19 $165.25 $0.00 $56.30 $10,178.74
54 $10,178.74 $165.25 $0.00 $57.55 $10,401.54
55 $10,401.54 $165.25 $0.00 $58.81 $10,625.60
56 $10,625.60 $165.25 $0.00 $60.08 $10,850.93
57 $10,850.93 $165.25 $0.00 $61.35 $11,077.53
58 $11,077.53 $165.25 $0.00 $62.63 $11,305.41
59 $11,305.41 $165.25 $0.00 $63.92 $11,534.58
60 $11,534.58 $165.25 $0.00 $65.22 $11,765.05
61 $11,765.05 $165.25 $0.00 $66.52 $11,996.82
62 $11,996.82 $165.25 $0.00 $67.83 $12,229.90
63 $12,229.90 $165.25 $0.00 $69.15 $12,464.30
64 $12,464.30 $165.25 $0.00 $70.47 $12,700.02
65 $12,700.02 $165.25 $0.00 $71.81 $12,937.08
66 $12,937.08 $165.25 $0.00 $73.15 $13,175.48
67 $13,175.48 $165.25 $0.00 $74.50 $13,415.23
68 $13,415.23 $165.25 $0.00 $75.85 $13,656.33
69 $13,656.33 $165.25 $0.00 $77.21 $13,898.79
70 $13,898.79 $165.25 $0.00 $78.59 $14,142.63
71 $14,142.63 $165.25 $0.00 $79.96 $14,387.84
72 $14,387.84 $165.25 $0.00 $81.35 $14,634.44
73 $14,634.44 $165.25 $0.00 $82.75 $14,882.44
74 $14,882.44 $165.25 $0.00 $84.15 $15,131.84
75 $15,131.84 $165.25 $0.00 $85.56 $15,382.65
76 $15,382.65 $165.25 $0.00 $86.98 $15,634.88
77 $15,634.88 $165.25 $0.00 $88.40 $15,888.53
78 $15,888.53 $165.25 $0.00 $89.84 $16,143.62
79 $16,143.62 $165.25 $0.00 $91.28 $16,400.15
80 $16,400.15 $165.25 $0.00 $92.73 $16,658.13
81 $16,658.13 $165.25 $0.00 $94.19 $16,917.57
82 $16,917.57 $165.25 $0.00 $95.65 $17,178.47
83 $17,178.47 $165.25 $0.00 $97.13 $17,440.85
84 $17,440.85 $165.25 $0.00 $98.61 $17,704.71
85 $17,704.71 $165.25 $0.00 $100.11 $17,970.07
86 $17,970.07 $165.25 $0.00 $101.61 $18,236.93
87 $18,236.93 $165.25 $0.00 $103.11 $18,505.29
88 $18,505.29 $165.25 $0.00 $104.63 $18,775.17
89 $18,775.17 $165.25 $0.00 $106.16 $19,046.58
90 $19,046.58 $165.25 $0.00 $107.69 $19,319.52
91 $19,319.52 $165.25 $0.00 $109.24 $19,594.01
92 $19,594.01 $165.25 $0.00 $110.79 $19,870.05
93 $19,870.05 $165.25 $0.00 $112.35 $20,147.65
94 $20,147.65 $165.25 $0.00 $113.92 $20,426.82
95 $20,426.82 $165.25 $0.00 $115.50 $20,707.57
96 $20,707.57 $165.25 $0.00 $117.08 $20,989.90
97 $20,989.90 $165.25 $0.00 $118.68 $21,273.83
98 $21,273.83 $165.25 $0.00 $120.29 $21,559.37
99 $21,559.37 $165.25 $0.00 $121.90 $21,846.52
100 $21,846.52 $165.25 $0.00 $123.52 $22,135.29
101 $22,135.29 $165.25 $0.00 $125.16 $22,425.70
102 $22,425.70 $165.25 $0.00 $126.80 $22,717.75
103 $22,717.75 $165.25 $0.00 $128.45 $23,011.45
104 $23,011.45 $165.25 $0.00 $130.11 $23,306.81
105 $23,306.81 $165.25 $0.00 $131.78 $23,603.84
106 $23,603.84 $165.25 $0.00 $133.46 $23,902.55
107 $23,902.55 $165.25 $0.00 $135.15 $24,202.95
108 $24,202.95 $165.25 $0.00 $136.85 $24,505.05
109 $24,505.05 $165.25 $0.00 $138.56 $24,808.86
110 $24,808.86 $165.25 $0.00 $140.27 $25,114.38
111 $25,114.38 $165.25 $0.00 $142.00 $25,421.63
112 $25,421.63 $165.25 $0.00 $143.74 $25,730.62
113 $25,730.62 $165.25 $0.00 $145.48 $26,041.35
114 $26,041.35 $165.25 $0.00 $147.24 $26,353.84
115 $26,353.84 $165.25 $0.00 $149.01 $26,668.10
116 $26,668.10 $165.25 $0.00 $150.79 $26,984.14
117 $26,984.14 $165.25 $0.00 $152.57 $27,301.96
118 $27,301.96 $165.25 $0.00 $154.37 $27,621.58
119 $27,621.58 $165.25 $0.00 $156.18 $27,943.01
120 $27,943.01 $165.25 $0.00 $157.99 $28,266.25
121 $28,266.25 $165.25 $0.00 $159.82 $28,591.32
122 $28,591.32 $165.25 $0.00 $161.66 $28,918.23
123 $28,918.23 $165.25 $0.00 $163.51 $29,246.99
124 $29,246.99 $165.25 $0.00 $165.37 $29,577.61
125 $29,577.61 $165.25 $0.00 $167.24 $29,910.10
126 $29,910.10 $165.25 $0.00 $169.12 $30,244.47
127 $30,244.47 $165.25 $0.00 $171.01 $30,580.73
128 $30,580.73 $165.25 $0.00 $172.91 $30,918.89
129 $30,918.89 $165.25 $0.00 $174.82 $31,258.96
130 $31,258.96 $165.25 $0.00 $176.74 $31,600.95
131 $31,600.95 $165.25 $0.00 $178.68 $31,944.88
132 $31,944.88 $165.25 $0.00 $180.62 $32,290.75
133 $32,290.75 $165.25 $0.00 $182.58 $32,638.58
134 $32,638.58 $165.25 $0.00 $184.54 $32,988.37
135 $32,988.37 $165.25 $0.00 $186.52 $33,340.14
136 $33,340.14 $165.25 $0.00 $188.51 $33,693.90
137 $33,693.90 $165.25 $0.00 $190.51 $34,049.66
138 $34,049.66 $165.25 $0.00 $192.52 $34,407.43
139 $34,407.43 $165.25 $0.00 $194.54 $34,767.22
140 $34,767.22 $165.25 $0.00 $196.58 $35,129.05
141 $35,129.05 $165.25 $0.00 $198.62 $35,492.92
142 $35,492.92 $165.25 $0.00 $200.68 $35,858.85
143 $35,858.85 $165.25 $0.00 $202.75 $36,226.85
144 $36,226.85 $165.25 $0.00 $204.83 $36,596.93
145 $36,596.93 $165.25 $0.00 $206.92 $36,969.10
146 $36,969.10 $165.25 $0.00 $209.03 $37,343.38
147 $37,343.38 $165.25 $0.00 $211.14 $37,719.77
148 $37,719.77 $165.25 $0.00 $213.27 $38,098.29
149 $38,098.29 $165.25 $0.00 $215.41 $38,478.95
150 $38,478.95 $165.25 $0.00 $217.57 $38,861.77
151 $38,861.77 $165.25 $0.00 $219.73 $39,246.75
152 $39,246.75 $165.25 $0.00 $221.91 $39,633.91
153 $39,633.91 $165.25 $0.00 $224.10 $40,023.26
154 $40,023.26 $165.25 $0.00 $226.30 $40,414.81
155 $40,414.81 $165.25 $0.00 $228.51 $40,808.57
156 $40,808.57 $165.25 $0.00 $230.74 $41,204.56
157 $41,204.56 $165.25 $0.00 $232.98 $41,602.79
158 $41,602.79 $165.25 $0.00 $235.23 $42,003.27
159 $42,003.27 $165.25 $0.00 $237.49 $42,406.01
160 $42,406.01 $165.25 $0.00 $239.77 $42,811.03
161 $42,811.03 $165.25 $0.00 $242.06 $43,218.34
162 $43,218.34 $165.25 $0.00 $244.36 $43,627.95
163 $43,627.95 $165.25 $0.00 $246.68 $44,039.88
164 $44,039.88 $165.25 $0.00 $249.01 $44,454.14
165 $44,454.14 $165.25 $0.00 $251.35 $44,870.74
166 $44,870.74 $165.25 $0.00 $253.71 $45,289.70
167 $45,289.70 $165.25 $0.00 $256.07 $45,711.02
168 $45,711.02 $165.25 $0.00 $258.46 $46,134.73
169 $46,134.73 $165.25 $0.00 $260.85 $46,560.83
170 $46,560.83 $165.25 $0.00 $263.26 $46,989.34
171 $46,989.34 $165.25 $0.00 $265.68 $47,420.27
172 $47,420.27 $165.25 $0.00 $268.12 $47,853.64
173 $47,853.64 $165.25 $0.00 $270.57 $48,289.46
174 $48,289.46 $165.25 $0.00 $273.04 $48,727.75
175 $48,727.75 $165.25 $0.00 $275.51 $49,168.51
176 $49,168.51 $165.25 $0.00 $278.01 $49,611.77
177 $49,611.77 $165.25 $0.00 $280.51 $50,057.53
178 $50,057.53 $165.25 $0.00 $283.03 $50,505.81
179 $50,505.81 $165.25 $0.00 $285.57 $50,956.63
180 $50,956.63 $165.25 $0.00 $288.12 $51,410.00
181 $51,410.00 $165.25 $0.00 $290.68 $51,865.93
182 $51,865.93 $165.25 $0.00 $293.26 $52,324.44
183 $52,324.44 $165.25 $0.00 $295.85 $52,785.54
184 $52,785.54 $165.25 $0.00 $298.46 $53,249.25
185 $53,249.25 $165.25 $0.00 $301.08 $53,715.58
186 $53,715.58 $165.25 $0.00 $303.72 $54,184.55
187 $54,184.55 $165.25 $0.00 $306.37 $54,656.17
188 $54,656.17 $165.25 $0.00 $309.03 $55,130.45
189 $55,130.45 $165.25 $0.00 $311.72 $55,607.42
190 $55,607.42 $165.25 $0.00 $314.41 $56,087.08
191 $56,087.08 $165.25 $0.00 $317.12 $56,569.45
192 $56,569.45 $165.25 $0.00 $319.85 $57,054.55
193 $57,054.55 $165.25 $0.00 $322.59 $57,542.39
194 $57,542.39 $165.25 $0.00 $325.35 $58,032.99
195 $58,032.99 $165.25 $0.00 $328.13 $58,526.37
196 $58,526.37 $165.25 $0.00 $330.92 $59,022.54
197 $59,022.54 $165.25 $0.00 $333.72 $59,521.51
198 $59,521.51 $165.25 $0.00 $336.54 $60,023.30
199 $60,023.30 $165.25 $0.00 $339.38 $60,527.93
200 $60,527.93 $165.25 $0.00 $342.23 $61,035.41
201 $61,035.41 $165.25 $0.00 $345.10 $61,545.76
202 $61,545.76 $165.25 $0.00 $347.99 $62,059.00
203 $62,059.00 $165.25 $0.00 $350.89 $62,575.14
204 $62,575.14 $165.25 $0.00 $353.81 $63,094.20
205 $63,094.20 $165.25 $0.00 $356.74 $63,616.19
206 $63,616.19 $165.25 $0.00 $359.70 $64,141.14
207 $64,141.14 $165.25 $0.00 $362.66 $64,669.05
208 $64,669.05 $165.25 $0.00 $365.65 $65,199.95
209 $65,199.95 $165.25 $0.00 $368.65 $65,733.85
210 $65,733.85 $165.25 $0.00 $371.67 $66,270.77
211 $66,270.77 $165.25 $0.00 $374.70 $66,810.72
212 $66,810.72 $165.25 $0.00 $377.76 $67,353.73
213 $67,353.73 $165.25 $0.00 $380.83 $67,899.81
214 $67,899.81 $165.25 $0.00 $383.92 $68,448.98
215 $68,448.98 $165.25 $0.00 $387.02 $69,001.25
216 $69,001.25 $165.25 $0.00 $390.14 $69,556.64
217 $69,556.64 $165.25 $36,274.97 $393.28 $33,840.20
218 $33,840.20 $165.25 $0.00 $191.34 $34,196.79
219 $34,196.79 $165.25 $0.00 $193.35 $34,555.39
220 $34,555.39 $165.25 $0.00 $195.38 $34,916.02
221 $34,916.02 $165.25 $0.00 $197.42 $35,278.69
222 $35,278.69 $165.25 $0.00 $199.47 $35,643.41
223 $35,643.41 $165.25 $0.00 $201.53 $36,010.19
224 $36,010.19 $165.25 $0.00 $203.61 $36,379.05
225 $36,379.05 $165.25 $0.00 $205.69 $36,749.99
226 $36,749.99 $165.25 $0.00 $207.79 $37,123.03
227 $37,123.03 $165.25 $0.00 $209.90 $37,498.18
228 $37,498.18 $165.25 $0.00 $212.02 $37,875.45
229 $37,875.45 $0.00 $38,088.72 $214.15 $0.88