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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$36,767
Monthly savings required$163

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 $73,534.85 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $163.40 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$14,905.00
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 $163.40 $0.00 $0.00 $163.40
2 $163.40 $163.40 $0.00 $0.92 $327.72
3 $327.72 $163.40 $0.00 $1.85 $492.97
4 $492.97 $163.40 $0.00 $2.79 $659.16
5 $659.16 $163.40 $0.00 $3.73 $826.29
6 $826.29 $163.40 $0.00 $4.67 $994.36
7 $994.36 $163.40 $0.00 $5.62 $1,163.38
8 $1,163.38 $163.40 $0.00 $6.58 $1,333.36
9 $1,333.36 $163.40 $0.00 $7.54 $1,504.30
10 $1,504.30 $163.40 $0.00 $8.51 $1,676.21
11 $1,676.21 $163.40 $0.00 $9.48 $1,849.09
12 $1,849.09 $163.40 $0.00 $10.46 $2,022.95
13 $2,022.95 $163.40 $0.00 $11.44 $2,197.79
14 $2,197.79 $163.40 $0.00 $12.43 $2,373.62
15 $2,373.62 $163.40 $0.00 $13.42 $2,550.44
16 $2,550.44 $163.40 $0.00 $14.42 $2,728.26
17 $2,728.26 $163.40 $0.00 $15.43 $2,907.09
18 $2,907.09 $163.40 $0.00 $16.44 $3,086.93
19 $3,086.93 $163.40 $0.00 $17.45 $3,267.78
20 $3,267.78 $163.40 $0.00 $18.48 $3,449.66
21 $3,449.66 $163.40 $0.00 $19.50 $3,632.56
22 $3,632.56 $163.40 $0.00 $20.54 $3,816.50
23 $3,816.50 $163.40 $0.00 $21.58 $4,001.48
24 $4,001.48 $163.40 $0.00 $22.62 $4,187.50
25 $4,187.50 $163.40 $0.00 $23.68 $4,374.58
26 $4,374.58 $163.40 $0.00 $24.73 $4,562.71
27 $4,562.71 $163.40 $0.00 $25.80 $4,751.91
28 $4,751.91 $163.40 $0.00 $26.87 $4,942.18
29 $4,942.18 $163.40 $0.00 $27.94 $5,133.52
30 $5,133.52 $163.40 $0.00 $29.03 $5,325.95
31 $5,325.95 $163.40 $0.00 $30.11 $5,519.46
32 $5,519.46 $163.40 $0.00 $31.21 $5,714.07
33 $5,714.07 $163.40 $0.00 $32.31 $5,909.78
34 $5,909.78 $163.40 $0.00 $33.41 $6,106.59
35 $6,106.59 $163.40 $0.00 $34.53 $6,304.52
36 $6,304.52 $163.40 $0.00 $35.65 $6,503.57
37 $6,503.57 $163.40 $0.00 $36.77 $6,703.74
38 $6,703.74 $163.40 $0.00 $37.90 $6,905.04
39 $6,905.04 $163.40 $0.00 $39.04 $7,107.48
40 $7,107.48 $163.40 $0.00 $40.19 $7,311.07
41 $7,311.07 $163.40 $0.00 $41.34 $7,515.81
42 $7,515.81 $163.40 $0.00 $42.50 $7,721.71
43 $7,721.71 $163.40 $0.00 $43.66 $7,928.77
44 $7,928.77 $163.40 $0.00 $44.83 $8,137.00
45 $8,137.00 $163.40 $0.00 $46.01 $8,346.41
46 $8,346.41 $163.40 $0.00 $47.19 $8,557.00
47 $8,557.00 $163.40 $0.00 $48.38 $8,768.78
48 $8,768.78 $163.40 $0.00 $49.58 $8,981.76
49 $8,981.76 $163.40 $0.00 $50.78 $9,195.94
50 $9,195.94 $163.40 $0.00 $52.00 $9,411.34
51 $9,411.34 $163.40 $0.00 $53.21 $9,627.95
52 $9,627.95 $163.40 $0.00 $54.44 $9,845.79
53 $9,845.79 $163.40 $0.00 $55.67 $10,064.86
54 $10,064.86 $163.40 $0.00 $56.91 $10,285.17
55 $10,285.17 $163.40 $0.00 $58.15 $10,506.72
56 $10,506.72 $163.40 $0.00 $59.41 $10,729.53
57 $10,729.53 $163.40 $0.00 $60.67 $10,953.60
58 $10,953.60 $163.40 $0.00 $61.93 $11,178.93
59 $11,178.93 $163.40 $0.00 $63.21 $11,405.54
60 $11,405.54 $163.40 $0.00 $64.49 $11,633.43
61 $11,633.43 $163.40 $0.00 $65.78 $11,862.61
62 $11,862.61 $163.40 $0.00 $67.07 $12,093.08
63 $12,093.08 $163.40 $0.00 $68.38 $12,324.86
64 $12,324.86 $163.40 $0.00 $69.69 $12,557.95
65 $12,557.95 $163.40 $0.00 $71.00 $12,792.35
66 $12,792.35 $163.40 $0.00 $72.33 $13,028.08
67 $13,028.08 $163.40 $0.00 $73.66 $13,265.14
68 $13,265.14 $163.40 $0.00 $75.00 $13,503.54
69 $13,503.54 $163.40 $0.00 $76.35 $13,743.29
70 $13,743.29 $163.40 $0.00 $77.71 $13,984.40
71 $13,984.40 $163.40 $0.00 $79.07 $14,226.87
72 $14,226.87 $163.40 $0.00 $80.44 $14,470.71
73 $14,470.71 $163.40 $0.00 $81.82 $14,715.93
74 $14,715.93 $163.40 $0.00 $83.21 $14,962.54
75 $14,962.54 $163.40 $0.00 $84.60 $15,210.54
76 $15,210.54 $163.40 $0.00 $86.00 $15,459.94
77 $15,459.94 $163.40 $0.00 $87.41 $15,710.75
78 $15,710.75 $163.40 $0.00 $88.83 $15,962.98
79 $15,962.98 $163.40 $0.00 $90.26 $16,216.64
80 $16,216.64 $163.40 $0.00 $91.69 $16,471.73
81 $16,471.73 $163.40 $0.00 $93.13 $16,728.26
82 $16,728.26 $163.40 $0.00 $94.58 $16,986.24
83 $16,986.24 $163.40 $0.00 $96.04 $17,245.68
84 $17,245.68 $163.40 $0.00 $97.51 $17,506.59
85 $17,506.59 $163.40 $0.00 $98.98 $17,768.97
86 $17,768.97 $163.40 $0.00 $100.47 $18,032.84
87 $18,032.84 $163.40 $0.00 $101.96 $18,298.20
88 $18,298.20 $163.40 $0.00 $103.46 $18,565.06
89 $18,565.06 $163.40 $0.00 $104.97 $18,833.43
90 $18,833.43 $163.40 $0.00 $106.49 $19,103.32
91 $19,103.32 $163.40 $0.00 $108.01 $19,374.73
92 $19,374.73 $163.40 $0.00 $109.55 $19,647.68
93 $19,647.68 $163.40 $0.00 $111.09 $19,922.17
94 $19,922.17 $163.40 $0.00 $112.64 $20,198.21
95 $20,198.21 $163.40 $0.00 $114.20 $20,475.81
96 $20,475.81 $163.40 $0.00 $115.77 $20,754.98
97 $20,754.98 $163.40 $0.00 $117.35 $21,035.73
98 $21,035.73 $163.40 $0.00 $118.94 $21,318.07
99 $21,318.07 $163.40 $0.00 $120.54 $21,602.01
100 $21,602.01 $163.40 $0.00 $122.14 $21,887.55
101 $21,887.55 $163.40 $0.00 $123.76 $22,174.71
102 $22,174.71 $163.40 $0.00 $125.38 $22,463.49
103 $22,463.49 $163.40 $0.00 $127.01 $22,753.90
104 $22,753.90 $163.40 $0.00 $128.65 $23,045.95
105 $23,045.95 $163.40 $0.00 $130.31 $23,339.66
106 $23,339.66 $163.40 $0.00 $131.97 $23,635.03
107 $23,635.03 $163.40 $0.00 $133.64 $23,932.07
108 $23,932.07 $163.40 $0.00 $135.32 $24,230.79
109 $24,230.79 $163.40 $0.00 $137.00 $24,531.19
110 $24,531.19 $163.40 $0.00 $138.70 $24,833.29
111 $24,833.29 $163.40 $0.00 $140.41 $25,137.10
112 $25,137.10 $163.40 $0.00 $142.13 $25,442.63
113 $25,442.63 $163.40 $0.00 $143.86 $25,749.89
114 $25,749.89 $163.40 $0.00 $145.59 $26,058.88
115 $26,058.88 $163.40 $0.00 $147.34 $26,369.62
116 $26,369.62 $163.40 $0.00 $149.10 $26,682.12
117 $26,682.12 $163.40 $0.00 $150.86 $26,996.38
118 $26,996.38 $163.40 $0.00 $152.64 $27,312.42
119 $27,312.42 $163.40 $0.00 $154.43 $27,630.25
120 $27,630.25 $163.40 $0.00 $156.23 $27,949.88
121 $27,949.88 $163.40 $0.00 $158.03 $28,271.31
122 $28,271.31 $163.40 $0.00 $159.85 $28,594.56
123 $28,594.56 $163.40 $0.00 $161.68 $28,919.64
124 $28,919.64 $163.40 $0.00 $163.52 $29,246.56
125 $29,246.56 $163.40 $0.00 $165.36 $29,575.32
126 $29,575.32 $163.40 $0.00 $167.22 $29,905.94
127 $29,905.94 $163.40 $0.00 $169.09 $30,238.43
128 $30,238.43 $163.40 $0.00 $170.97 $30,572.80
129 $30,572.80 $163.40 $0.00 $172.86 $30,909.06
130 $30,909.06 $163.40 $0.00 $174.76 $31,247.22
131 $31,247.22 $163.40 $0.00 $176.68 $31,587.30
132 $31,587.30 $163.40 $0.00 $178.60 $31,929.30
133 $31,929.30 $163.40 $0.00 $180.53 $32,273.23
134 $32,273.23 $163.40 $0.00 $182.48 $32,619.11
135 $32,619.11 $163.40 $0.00 $184.43 $32,966.94
136 $32,966.94 $163.40 $0.00 $186.40 $33,316.74
137 $33,316.74 $163.40 $0.00 $188.38 $33,668.52
138 $33,668.52 $163.40 $0.00 $190.37 $34,022.29
139 $34,022.29 $163.40 $0.00 $192.37 $34,378.06
140 $34,378.06 $163.40 $0.00 $194.38 $34,735.84
141 $34,735.84 $163.40 $0.00 $196.40 $35,095.64
142 $35,095.64 $163.40 $0.00 $198.44 $35,457.48
143 $35,457.48 $163.40 $0.00 $200.48 $35,821.36
144 $35,821.36 $163.40 $0.00 $202.54 $36,187.30
145 $36,187.30 $163.40 $0.00 $204.61 $36,555.31
146 $36,555.31 $163.40 $0.00 $206.69 $36,925.40
147 $36,925.40 $163.40 $0.00 $208.78 $37,297.58
148 $37,297.58 $163.40 $0.00 $210.89 $37,671.87
149 $37,671.87 $163.40 $0.00 $213.00 $38,048.27
150 $38,048.27 $163.40 $0.00 $215.13 $38,426.80
151 $38,426.80 $163.40 $0.00 $217.27 $38,807.47
152 $38,807.47 $163.40 $0.00 $219.42 $39,190.29
153 $39,190.29 $163.40 $0.00 $221.59 $39,575.28
154 $39,575.28 $163.40 $0.00 $223.76 $39,962.44
155 $39,962.44 $163.40 $0.00 $225.95 $40,351.79
156 $40,351.79 $163.40 $0.00 $228.15 $40,743.34
157 $40,743.34 $163.40 $0.00 $230.37 $41,137.11
158 $41,137.11 $163.40 $0.00 $232.60 $41,533.11
159 $41,533.11 $163.40 $0.00 $234.83 $41,931.34
160 $41,931.34 $163.40 $0.00 $237.09 $42,331.83
161 $42,331.83 $163.40 $0.00 $239.35 $42,734.58
162 $42,734.58 $163.40 $0.00 $241.63 $43,139.61
163 $43,139.61 $163.40 $0.00 $243.92 $43,546.93
164 $43,546.93 $163.40 $0.00 $246.22 $43,956.55
165 $43,956.55 $163.40 $0.00 $248.54 $44,368.49
166 $44,368.49 $163.40 $0.00 $250.87 $44,782.76
167 $44,782.76 $163.40 $0.00 $253.21 $45,199.37
168 $45,199.37 $163.40 $0.00 $255.56 $45,618.33
169 $45,618.33 $163.40 $0.00 $257.93 $46,039.66
170 $46,039.66 $163.40 $0.00 $260.31 $46,463.37
171 $46,463.37 $163.40 $0.00 $262.71 $46,889.48
172 $46,889.48 $163.40 $0.00 $265.12 $47,318.00
173 $47,318.00 $163.40 $0.00 $267.54 $47,748.94
174 $47,748.94 $163.40 $0.00 $269.98 $48,182.32
175 $48,182.32 $163.40 $0.00 $272.43 $48,618.15
176 $48,618.15 $163.40 $0.00 $274.89 $49,056.44
177 $49,056.44 $163.40 $0.00 $277.37 $49,497.21
178 $49,497.21 $163.40 $0.00 $279.86 $49,940.47
179 $49,940.47 $163.40 $0.00 $282.37 $50,386.24
180 $50,386.24 $163.40 $0.00 $284.89 $50,834.53
181 $50,834.53 $163.40 $0.00 $287.43 $51,285.36
182 $51,285.36 $163.40 $0.00 $289.97 $51,738.73
183 $51,738.73 $163.40 $0.00 $292.54 $52,194.67
184 $52,194.67 $163.40 $0.00 $295.12 $52,653.19
185 $52,653.19 $163.40 $0.00 $297.71 $53,114.30
186 $53,114.30 $163.40 $0.00 $300.32 $53,578.02
187 $53,578.02 $163.40 $0.00 $302.94 $54,044.36
188 $54,044.36 $163.40 $0.00 $305.57 $54,513.33
189 $54,513.33 $163.40 $0.00 $308.23 $54,984.96
190 $54,984.96 $163.40 $0.00 $310.89 $55,459.25
191 $55,459.25 $163.40 $0.00 $313.57 $55,936.22
192 $55,936.22 $163.40 $0.00 $316.27 $56,415.89
193 $56,415.89 $163.40 $0.00 $318.98 $56,898.27
194 $56,898.27 $163.40 $0.00 $321.71 $57,383.38
195 $57,383.38 $163.40 $0.00 $324.45 $57,871.23
196 $57,871.23 $163.40 $0.00 $327.21 $58,361.84
197 $58,361.84 $163.40 $0.00 $329.99 $58,855.23
198 $58,855.23 $163.40 $0.00 $332.78 $59,351.41
199 $59,351.41 $163.40 $0.00 $335.58 $59,850.39
200 $59,850.39 $163.40 $0.00 $338.40 $60,352.19
201 $60,352.19 $163.40 $0.00 $341.24 $60,856.83
202 $60,856.83 $163.40 $0.00 $344.09 $61,364.32
203 $61,364.32 $163.40 $0.00 $346.96 $61,874.68
204 $61,874.68 $163.40 $0.00 $349.85 $62,387.93
205 $62,387.93 $163.40 $0.00 $352.75 $62,904.08
206 $62,904.08 $163.40 $0.00 $355.67 $63,423.15
207 $63,423.15 $163.40 $0.00 $358.60 $63,945.15
208 $63,945.15 $163.40 $0.00 $361.56 $64,470.11
209 $64,470.11 $163.40 $0.00 $364.52 $64,998.03
210 $64,998.03 $163.40 $0.00 $367.51 $65,528.94
211 $65,528.94 $163.40 $0.00 $370.51 $66,062.85
212 $66,062.85 $163.40 $0.00 $373.53 $66,599.78
213 $66,599.78 $163.40 $0.00 $376.56 $67,139.74
214 $67,139.74 $163.40 $0.00 $379.62 $67,682.76
215 $67,682.76 $163.40 $0.00 $382.69 $68,228.85
216 $68,228.85 $163.40 $0.00 $385.78 $68,778.03
217 $68,778.03 $163.40 $35,870.66 $388.88 $33,459.65
218 $33,459.65 $163.40 $0.00 $189.19 $33,812.24
219 $33,812.24 $163.40 $0.00 $191.18 $34,166.82
220 $34,166.82 $163.40 $0.00 $193.18 $34,523.40
221 $34,523.40 $163.40 $0.00 $195.20 $34,882.00
222 $34,882.00 $163.40 $0.00 $197.23 $35,242.63
223 $35,242.63 $163.40 $0.00 $199.27 $35,605.30
224 $35,605.30 $163.40 $0.00 $201.32 $35,970.02
225 $35,970.02 $163.40 $0.00 $203.38 $36,336.80
226 $36,336.80 $163.40 $0.00 $205.45 $36,705.65
227 $36,705.65 $163.40 $0.00 $207.54 $37,076.59
228 $37,076.59 $163.40 $0.00 $209.64 $37,449.63
229 $37,449.63 $0.00 $37,664.19 $211.75 ($2.81)