Savings Plan and Future Cost Estimation for L E Fletcher Technical Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$42,895
Monthly savings required$191

How much will it cost to send your child to L E Fletcher Technical Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $85,789.84 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $190.64 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$17,389.00
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 $190.64 $0.00 $0.00 $190.64
2 $190.64 $190.64 $0.00 $1.08 $382.36
3 $382.36 $190.64 $0.00 $2.16 $575.16
4 $575.16 $190.64 $0.00 $3.25 $769.05
5 $769.05 $190.64 $0.00 $4.35 $964.04
6 $964.04 $190.64 $0.00 $5.45 $1,160.13
7 $1,160.13 $190.64 $0.00 $6.56 $1,357.33
8 $1,357.33 $190.64 $0.00 $7.67 $1,555.64
9 $1,555.64 $190.64 $0.00 $8.80 $1,755.08
10 $1,755.08 $190.64 $0.00 $9.92 $1,955.64
11 $1,955.64 $190.64 $0.00 $11.06 $2,157.34
12 $2,157.34 $190.64 $0.00 $12.20 $2,360.18
13 $2,360.18 $190.64 $0.00 $13.34 $2,564.16
14 $2,564.16 $190.64 $0.00 $14.50 $2,769.30
15 $2,769.30 $190.64 $0.00 $15.66 $2,975.60
16 $2,975.60 $190.64 $0.00 $16.82 $3,183.06
17 $3,183.06 $190.64 $0.00 $18.00 $3,391.70
18 $3,391.70 $190.64 $0.00 $19.18 $3,601.52
19 $3,601.52 $190.64 $0.00 $20.36 $3,812.52
20 $3,812.52 $190.64 $0.00 $21.56 $4,024.72
21 $4,024.72 $190.64 $0.00 $22.76 $4,238.12
22 $4,238.12 $190.64 $0.00 $23.96 $4,452.72
23 $4,452.72 $190.64 $0.00 $25.18 $4,668.54
24 $4,668.54 $190.64 $0.00 $26.40 $4,885.58
25 $4,885.58 $190.64 $0.00 $27.62 $5,103.84
26 $5,103.84 $190.64 $0.00 $28.86 $5,323.34
27 $5,323.34 $190.64 $0.00 $30.10 $5,544.08
28 $5,544.08 $190.64 $0.00 $31.35 $5,766.07
29 $5,766.07 $190.64 $0.00 $32.60 $5,989.31
30 $5,989.31 $190.64 $0.00 $33.86 $6,213.81
31 $6,213.81 $190.64 $0.00 $35.13 $6,439.58
32 $6,439.58 $190.64 $0.00 $36.41 $6,666.63
33 $6,666.63 $190.64 $0.00 $37.69 $6,894.96
34 $6,894.96 $190.64 $0.00 $38.99 $7,124.59
35 $7,124.59 $190.64 $0.00 $40.28 $7,355.51
36 $7,355.51 $190.64 $0.00 $41.59 $7,587.74
37 $7,587.74 $190.64 $0.00 $42.90 $7,821.28
38 $7,821.28 $190.64 $0.00 $44.22 $8,056.14
39 $8,056.14 $190.64 $0.00 $45.55 $8,292.33
40 $8,292.33 $190.64 $0.00 $46.89 $8,529.86
41 $8,529.86 $190.64 $0.00 $48.23 $8,768.73
42 $8,768.73 $190.64 $0.00 $49.58 $9,008.95
43 $9,008.95 $190.64 $0.00 $50.94 $9,250.53
44 $9,250.53 $190.64 $0.00 $52.30 $9,493.47
45 $9,493.47 $190.64 $0.00 $53.68 $9,737.79
46 $9,737.79 $190.64 $0.00 $55.06 $9,983.49
47 $9,983.49 $190.64 $0.00 $56.45 $10,230.58
48 $10,230.58 $190.64 $0.00 $57.85 $10,479.07
49 $10,479.07 $190.64 $0.00 $59.25 $10,728.96
50 $10,728.96 $190.64 $0.00 $60.66 $10,980.26
51 $10,980.26 $190.64 $0.00 $62.08 $11,232.98
52 $11,232.98 $190.64 $0.00 $63.51 $11,487.13
53 $11,487.13 $190.64 $0.00 $64.95 $11,742.72
54 $11,742.72 $190.64 $0.00 $66.40 $11,999.76
55 $11,999.76 $190.64 $0.00 $67.85 $12,258.25
56 $12,258.25 $190.64 $0.00 $69.31 $12,518.20
57 $12,518.20 $190.64 $0.00 $70.78 $12,779.62
58 $12,779.62 $190.64 $0.00 $72.26 $13,042.52
59 $13,042.52 $190.64 $0.00 $73.74 $13,306.90
60 $13,306.90 $190.64 $0.00 $75.24 $13,572.78
61 $13,572.78 $190.64 $0.00 $76.74 $13,840.16
62 $13,840.16 $190.64 $0.00 $78.25 $14,109.05
63 $14,109.05 $190.64 $0.00 $79.77 $14,379.46
64 $14,379.46 $190.64 $0.00 $81.30 $14,651.40
65 $14,651.40 $190.64 $0.00 $82.84 $14,924.88
66 $14,924.88 $190.64 $0.00 $84.39 $15,199.91
67 $15,199.91 $190.64 $0.00 $85.94 $15,476.49
68 $15,476.49 $190.64 $0.00 $87.51 $15,754.64
69 $15,754.64 $190.64 $0.00 $89.08 $16,034.36
70 $16,034.36 $190.64 $0.00 $90.66 $16,315.66
71 $16,315.66 $190.64 $0.00 $92.25 $16,598.55
72 $16,598.55 $190.64 $0.00 $93.85 $16,883.04
73 $16,883.04 $190.64 $0.00 $95.46 $17,169.14
74 $17,169.14 $190.64 $0.00 $97.08 $17,456.86
75 $17,456.86 $190.64 $0.00 $98.70 $17,746.20
76 $17,746.20 $190.64 $0.00 $100.34 $18,037.18
77 $18,037.18 $190.64 $0.00 $101.98 $18,329.80
78 $18,329.80 $190.64 $0.00 $103.64 $18,624.08
79 $18,624.08 $190.64 $0.00 $105.30 $18,920.02
80 $18,920.02 $190.64 $0.00 $106.98 $19,217.64
81 $19,217.64 $190.64 $0.00 $108.66 $19,516.94
82 $19,516.94 $190.64 $0.00 $110.35 $19,817.93
83 $19,817.93 $190.64 $0.00 $112.05 $20,120.62
84 $20,120.62 $190.64 $0.00 $113.76 $20,425.02
85 $20,425.02 $190.64 $0.00 $115.49 $20,731.15
86 $20,731.15 $190.64 $0.00 $117.22 $21,039.01
87 $21,039.01 $190.64 $0.00 $118.96 $21,348.61
88 $21,348.61 $190.64 $0.00 $120.71 $21,659.96
89 $21,659.96 $190.64 $0.00 $122.47 $21,973.07
90 $21,973.07 $190.64 $0.00 $124.24 $22,287.95
91 $22,287.95 $190.64 $0.00 $126.02 $22,604.61
92 $22,604.61 $190.64 $0.00 $127.81 $22,923.06
93 $22,923.06 $190.64 $0.00 $129.61 $23,243.31
94 $23,243.31 $190.64 $0.00 $131.42 $23,565.37
95 $23,565.37 $190.64 $0.00 $133.24 $23,889.25
96 $23,889.25 $190.64 $0.00 $135.07 $24,214.96
97 $24,214.96 $190.64 $0.00 $136.91 $24,542.51
98 $24,542.51 $190.64 $0.00 $138.77 $24,871.92
99 $24,871.92 $190.64 $0.00 $140.63 $25,203.19
100 $25,203.19 $190.64 $0.00 $142.50 $25,536.33
101 $25,536.33 $190.64 $0.00 $144.39 $25,871.36
102 $25,871.36 $190.64 $0.00 $146.28 $26,208.28
103 $26,208.28 $190.64 $0.00 $148.19 $26,547.11
104 $26,547.11 $190.64 $0.00 $150.10 $26,887.85
105 $26,887.85 $190.64 $0.00 $152.03 $27,230.52
106 $27,230.52 $190.64 $0.00 $153.97 $27,575.13
107 $27,575.13 $190.64 $0.00 $155.91 $27,921.68
108 $27,921.68 $190.64 $0.00 $157.87 $28,270.19
109 $28,270.19 $190.64 $0.00 $159.84 $28,620.67
110 $28,620.67 $190.64 $0.00 $161.83 $28,973.14
111 $28,973.14 $190.64 $0.00 $163.82 $29,327.60
112 $29,327.60 $190.64 $0.00 $165.82 $29,684.06
113 $29,684.06 $190.64 $0.00 $167.84 $30,042.54
114 $30,042.54 $190.64 $0.00 $169.86 $30,403.04
115 $30,403.04 $190.64 $0.00 $171.90 $30,765.58
116 $30,765.58 $190.64 $0.00 $173.95 $31,130.17
117 $31,130.17 $190.64 $0.00 $176.01 $31,496.82
118 $31,496.82 $190.64 $0.00 $178.09 $31,865.55
119 $31,865.55 $190.64 $0.00 $180.17 $32,236.36
120 $32,236.36 $190.64 $0.00 $182.27 $32,609.27
121 $32,609.27 $190.64 $0.00 $184.38 $32,984.29
122 $32,984.29 $190.64 $0.00 $186.50 $33,361.43
123 $33,361.43 $190.64 $0.00 $188.63 $33,740.70
124 $33,740.70 $190.64 $0.00 $190.77 $34,122.11
125 $34,122.11 $190.64 $0.00 $192.93 $34,505.68
126 $34,505.68 $190.64 $0.00 $195.10 $34,891.42
127 $34,891.42 $190.64 $0.00 $197.28 $35,279.34
128 $35,279.34 $190.64 $0.00 $199.47 $35,669.45
129 $35,669.45 $190.64 $0.00 $201.68 $36,061.77
130 $36,061.77 $190.64 $0.00 $203.90 $36,456.31
131 $36,456.31 $190.64 $0.00 $206.13 $36,853.08
132 $36,853.08 $190.64 $0.00 $208.37 $37,252.09
133 $37,252.09 $190.64 $0.00 $210.63 $37,653.36
134 $37,653.36 $190.64 $0.00 $212.90 $38,056.90
135 $38,056.90 $190.64 $0.00 $215.18 $38,462.72
136 $38,462.72 $190.64 $0.00 $217.47 $38,870.83
137 $38,870.83 $190.64 $0.00 $219.78 $39,281.25
138 $39,281.25 $190.64 $0.00 $222.10 $39,693.99
139 $39,693.99 $190.64 $0.00 $224.44 $40,109.07
140 $40,109.07 $190.64 $0.00 $226.78 $40,526.49
141 $40,526.49 $190.64 $0.00 $229.14 $40,946.27
142 $40,946.27 $190.64 $0.00 $231.52 $41,368.43
143 $41,368.43 $190.64 $0.00 $233.90 $41,792.97
144 $41,792.97 $190.64 $0.00 $236.30 $42,219.91
145 $42,219.91 $190.64 $0.00 $238.72 $42,649.27
146 $42,649.27 $190.64 $0.00 $241.15 $43,081.06
147 $43,081.06 $190.64 $0.00 $243.59 $43,515.29
148 $43,515.29 $190.64 $0.00 $246.04 $43,951.97
149 $43,951.97 $190.64 $0.00 $248.51 $44,391.12
150 $44,391.12 $190.64 $0.00 $250.99 $44,832.75
151 $44,832.75 $190.64 $0.00 $253.49 $45,276.88
152 $45,276.88 $190.64 $0.00 $256.00 $45,723.52
153 $45,723.52 $190.64 $0.00 $258.53 $46,172.69
154 $46,172.69 $190.64 $0.00 $261.07 $46,624.40
155 $46,624.40 $190.64 $0.00 $263.62 $47,078.66
156 $47,078.66 $190.64 $0.00 $266.19 $47,535.49
157 $47,535.49 $190.64 $0.00 $268.77 $47,994.90
158 $47,994.90 $190.64 $0.00 $271.37 $48,456.91
159 $48,456.91 $190.64 $0.00 $273.98 $48,921.53
160 $48,921.53 $190.64 $0.00 $276.61 $49,388.78
161 $49,388.78 $190.64 $0.00 $279.25 $49,858.67
162 $49,858.67 $190.64 $0.00 $281.91 $50,331.22
163 $50,331.22 $190.64 $0.00 $284.58 $50,806.44
164 $50,806.44 $190.64 $0.00 $287.27 $51,284.35
165 $51,284.35 $190.64 $0.00 $289.97 $51,764.96
166 $51,764.96 $190.64 $0.00 $292.69 $52,248.29
167 $52,248.29 $190.64 $0.00 $295.42 $52,734.35
168 $52,734.35 $190.64 $0.00 $298.17 $53,223.16
169 $53,223.16 $190.64 $0.00 $300.93 $53,714.73
170 $53,714.73 $190.64 $0.00 $303.71 $54,209.08
171 $54,209.08 $190.64 $0.00 $306.51 $54,706.23
172 $54,706.23 $190.64 $0.00 $309.32 $55,206.19
173 $55,206.19 $190.64 $0.00 $312.14 $55,708.97
174 $55,708.97 $190.64 $0.00 $314.99 $56,214.60
175 $56,214.60 $190.64 $0.00 $317.85 $56,723.09
176 $56,723.09 $190.64 $0.00 $320.72 $57,234.45
177 $57,234.45 $190.64 $0.00 $323.61 $57,748.70
178 $57,748.70 $190.64 $0.00 $326.52 $58,265.86
179 $58,265.86 $190.64 $0.00 $329.44 $58,785.94
180 $58,785.94 $190.64 $0.00 $332.38 $59,308.96
181 $59,308.96 $190.64 $0.00 $335.34 $59,834.94
182 $59,834.94 $190.64 $0.00 $338.32 $60,363.90
183 $60,363.90 $190.64 $0.00 $341.31 $60,895.85
184 $60,895.85 $190.64 $0.00 $344.31 $61,430.80
185 $61,430.80 $190.64 $0.00 $347.34 $61,968.78
186 $61,968.78 $190.64 $0.00 $350.38 $62,509.80
187 $62,509.80 $190.64 $0.00 $353.44 $63,053.88
188 $63,053.88 $190.64 $0.00 $356.52 $63,601.04
189 $63,601.04 $190.64 $0.00 $359.61 $64,151.29
190 $64,151.29 $190.64 $0.00 $362.72 $64,704.65
191 $64,704.65 $190.64 $0.00 $365.85 $65,261.14
192 $65,261.14 $190.64 $0.00 $369.00 $65,820.78
193 $65,820.78 $190.64 $0.00 $372.16 $66,383.58
194 $66,383.58 $190.64 $0.00 $375.34 $66,949.56
195 $66,949.56 $190.64 $0.00 $378.54 $67,518.74
196 $67,518.74 $190.64 $0.00 $381.76 $68,091.14
197 $68,091.14 $190.64 $0.00 $385.00 $68,666.78
198 $68,666.78 $190.64 $0.00 $388.25 $69,245.67
199 $69,245.67 $190.64 $0.00 $391.53 $69,827.84
200 $69,827.84 $190.64 $0.00 $394.82 $70,413.30
201 $70,413.30 $190.64 $0.00 $398.13 $71,002.07
202 $71,002.07 $190.64 $0.00 $401.46 $71,594.17
203 $71,594.17 $190.64 $0.00 $404.80 $72,189.61
204 $72,189.61 $190.64 $0.00 $408.17 $72,788.42
205 $72,788.42 $190.64 $0.00 $411.56 $73,390.62
206 $73,390.62 $190.64 $0.00 $414.96 $73,996.22
207 $73,996.22 $190.64 $0.00 $418.39 $74,605.25
208 $74,605.25 $190.64 $0.00 $421.83 $75,217.72
209 $75,217.72 $190.64 $0.00 $425.29 $75,833.65
210 $75,833.65 $190.64 $0.00 $428.77 $76,453.06
211 $76,453.06 $190.64 $0.00 $432.28 $77,075.98
212 $77,075.98 $190.64 $0.00 $435.80 $77,702.42
213 $77,702.42 $190.64 $0.00 $439.34 $78,332.40
214 $78,332.40 $190.64 $0.00 $442.90 $78,965.94
215 $78,965.94 $190.64 $0.00 $446.48 $79,603.06
216 $79,603.06 $190.64 $0.00 $450.09 $80,243.79
217 $80,243.79 $190.64 $41,848.70 $453.71 $39,039.44
218 $39,039.44 $190.64 $0.00 $220.73 $39,450.81
219 $39,450.81 $190.64 $0.00 $223.06 $39,864.51
220 $39,864.51 $190.64 $0.00 $225.40 $40,280.55
221 $40,280.55 $190.64 $0.00 $227.75 $40,698.94
222 $40,698.94 $190.64 $0.00 $230.12 $41,119.70
223 $41,119.70 $190.64 $0.00 $232.50 $41,542.84
224 $41,542.84 $190.64 $0.00 $234.89 $41,968.37
225 $41,968.37 $190.64 $0.00 $237.30 $42,396.31
226 $42,396.31 $190.64 $0.00 $239.71 $42,826.66
227 $42,826.66 $190.64 $0.00 $242.15 $43,259.45
228 $43,259.45 $190.64 $0.00 $244.60 $43,694.69
229 $43,694.69 $0.00 $43,941.14 $247.06 $0.61