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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$50,789
Monthly savings required$226

How much will it cost to send your child to Northwest Louisiana Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $101,577.26 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $225.73 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$20,589.00
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 $225.73 $0.00 $0.00 $225.73
2 $225.73 $225.73 $0.00 $1.28 $452.74
3 $452.74 $225.73 $0.00 $2.56 $681.03
4 $681.03 $225.73 $0.00 $3.85 $910.61
5 $910.61 $225.73 $0.00 $5.15 $1,141.49
6 $1,141.49 $225.73 $0.00 $6.45 $1,373.67
7 $1,373.67 $225.73 $0.00 $7.77 $1,607.17
8 $1,607.17 $225.73 $0.00 $9.09 $1,841.99
9 $1,841.99 $225.73 $0.00 $10.41 $2,078.13
10 $2,078.13 $225.73 $0.00 $11.75 $2,315.61
11 $2,315.61 $225.73 $0.00 $13.09 $2,554.43
12 $2,554.43 $225.73 $0.00 $14.44 $2,794.60
13 $2,794.60 $225.73 $0.00 $15.80 $3,036.13
14 $3,036.13 $225.73 $0.00 $17.17 $3,279.03
15 $3,279.03 $225.73 $0.00 $18.54 $3,523.30
16 $3,523.30 $225.73 $0.00 $19.92 $3,768.95
17 $3,768.95 $225.73 $0.00 $21.31 $4,015.99
18 $4,015.99 $225.73 $0.00 $22.71 $4,264.43
19 $4,264.43 $225.73 $0.00 $24.11 $4,514.27
20 $4,514.27 $225.73 $0.00 $25.52 $4,765.52
21 $4,765.52 $225.73 $0.00 $26.94 $5,018.19
22 $5,018.19 $225.73 $0.00 $28.37 $5,272.29
23 $5,272.29 $225.73 $0.00 $29.81 $5,527.83
24 $5,527.83 $225.73 $0.00 $31.26 $5,784.82
25 $5,784.82 $225.73 $0.00 $32.71 $6,043.26
26 $6,043.26 $225.73 $0.00 $34.17 $6,303.16
27 $6,303.16 $225.73 $0.00 $35.64 $6,564.53
28 $6,564.53 $225.73 $0.00 $37.12 $6,827.38
29 $6,827.38 $225.73 $0.00 $38.60 $7,091.71
30 $7,091.71 $225.73 $0.00 $40.10 $7,357.54
31 $7,357.54 $225.73 $0.00 $41.60 $7,624.87
32 $7,624.87 $225.73 $0.00 $43.11 $7,893.71
33 $7,893.71 $225.73 $0.00 $44.63 $8,164.07
34 $8,164.07 $225.73 $0.00 $46.16 $8,435.96
35 $8,435.96 $225.73 $0.00 $47.70 $8,709.39
36 $8,709.39 $225.73 $0.00 $49.24 $8,984.36
37 $8,984.36 $225.73 $0.00 $50.80 $9,260.89
38 $9,260.89 $225.73 $0.00 $52.36 $9,538.98
39 $9,538.98 $225.73 $0.00 $53.93 $9,818.64
40 $9,818.64 $225.73 $0.00 $55.52 $10,099.89
41 $10,099.89 $225.73 $0.00 $57.11 $10,382.73
42 $10,382.73 $225.73 $0.00 $58.71 $10,667.17
43 $10,667.17 $225.73 $0.00 $60.31 $10,953.21
44 $10,953.21 $225.73 $0.00 $61.93 $11,240.87
45 $11,240.87 $225.73 $0.00 $63.56 $11,530.16
46 $11,530.16 $225.73 $0.00 $65.19 $11,821.08
47 $11,821.08 $225.73 $0.00 $66.84 $12,113.65
48 $12,113.65 $225.73 $0.00 $68.49 $12,407.87
49 $12,407.87 $225.73 $0.00 $70.16 $12,703.76
50 $12,703.76 $225.73 $0.00 $71.83 $13,001.32
51 $13,001.32 $225.73 $0.00 $73.51 $13,300.56
52 $13,300.56 $225.73 $0.00 $75.20 $13,601.49
53 $13,601.49 $225.73 $0.00 $76.90 $13,904.12
54 $13,904.12 $225.73 $0.00 $78.62 $14,208.47
55 $14,208.47 $225.73 $0.00 $80.34 $14,514.54
56 $14,514.54 $225.73 $0.00 $82.07 $14,822.34
57 $14,822.34 $225.73 $0.00 $83.81 $15,131.88
58 $15,131.88 $225.73 $0.00 $85.56 $15,443.17
59 $15,443.17 $225.73 $0.00 $87.32 $15,756.22
60 $15,756.22 $225.73 $0.00 $89.09 $16,071.04
61 $16,071.04 $225.73 $0.00 $90.87 $16,387.64
62 $16,387.64 $225.73 $0.00 $92.66 $16,706.03
63 $16,706.03 $225.73 $0.00 $94.46 $17,026.22
64 $17,026.22 $225.73 $0.00 $96.27 $17,348.22
65 $17,348.22 $225.73 $0.00 $98.09 $17,672.04
66 $17,672.04 $225.73 $0.00 $99.92 $17,997.69
67 $17,997.69 $225.73 $0.00 $101.76 $18,325.18
68 $18,325.18 $225.73 $0.00 $103.61 $18,654.52
69 $18,654.52 $225.73 $0.00 $105.48 $18,985.73
70 $18,985.73 $225.73 $0.00 $107.35 $19,318.81
71 $19,318.81 $225.73 $0.00 $109.23 $19,653.77
72 $19,653.77 $225.73 $0.00 $111.13 $19,990.63
73 $19,990.63 $225.73 $0.00 $113.03 $20,329.39
74 $20,329.39 $225.73 $0.00 $114.95 $20,670.07
75 $20,670.07 $225.73 $0.00 $116.87 $21,012.67
76 $21,012.67 $225.73 $0.00 $118.81 $21,357.21
77 $21,357.21 $225.73 $0.00 $120.76 $21,703.70
78 $21,703.70 $225.73 $0.00 $122.72 $22,052.15
79 $22,052.15 $225.73 $0.00 $124.69 $22,402.57
80 $22,402.57 $225.73 $0.00 $126.67 $22,754.97
81 $22,754.97 $225.73 $0.00 $128.66 $23,109.36
82 $23,109.36 $225.73 $0.00 $130.66 $23,465.75
83 $23,465.75 $225.73 $0.00 $132.68 $23,824.16
84 $23,824.16 $225.73 $0.00 $134.71 $24,184.60
85 $24,184.60 $225.73 $0.00 $136.74 $24,547.07
86 $24,547.07 $225.73 $0.00 $138.79 $24,911.59
87 $24,911.59 $225.73 $0.00 $140.85 $25,278.17
88 $25,278.17 $225.73 $0.00 $142.93 $25,646.83
89 $25,646.83 $225.73 $0.00 $145.01 $26,017.57
90 $26,017.57 $225.73 $0.00 $147.11 $26,390.41
91 $26,390.41 $225.73 $0.00 $149.22 $26,765.36
92 $26,765.36 $225.73 $0.00 $151.34 $27,142.43
93 $27,142.43 $225.73 $0.00 $153.47 $27,521.63
94 $27,521.63 $225.73 $0.00 $155.61 $27,902.97
95 $27,902.97 $225.73 $0.00 $157.77 $28,286.47
96 $28,286.47 $225.73 $0.00 $159.94 $28,672.14
97 $28,672.14 $225.73 $0.00 $162.12 $29,059.99
98 $29,059.99 $225.73 $0.00 $164.31 $29,450.03
99 $29,450.03 $225.73 $0.00 $166.51 $29,842.27
100 $29,842.27 $225.73 $0.00 $168.73 $30,236.73
101 $30,236.73 $225.73 $0.00 $170.96 $30,633.42
102 $30,633.42 $225.73 $0.00 $173.21 $31,032.36
103 $31,032.36 $225.73 $0.00 $175.46 $31,433.55
104 $31,433.55 $225.73 $0.00 $177.73 $31,837.01
105 $31,837.01 $225.73 $0.00 $180.01 $32,242.75
106 $32,242.75 $225.73 $0.00 $182.31 $32,650.79
107 $32,650.79 $225.73 $0.00 $184.61 $33,061.13
108 $33,061.13 $225.73 $0.00 $186.93 $33,473.79
109 $33,473.79 $225.73 $0.00 $189.27 $33,888.79
110 $33,888.79 $225.73 $0.00 $191.61 $34,306.13
111 $34,306.13 $225.73 $0.00 $193.97 $34,725.83
112 $34,725.83 $225.73 $0.00 $196.34 $35,147.90
113 $35,147.90 $225.73 $0.00 $198.73 $35,572.36
114 $35,572.36 $225.73 $0.00 $201.13 $35,999.22
115 $35,999.22 $225.73 $0.00 $203.54 $36,428.49
116 $36,428.49 $225.73 $0.00 $205.97 $36,860.19
117 $36,860.19 $225.73 $0.00 $208.41 $37,294.33
118 $37,294.33 $225.73 $0.00 $210.87 $37,730.93
119 $37,730.93 $225.73 $0.00 $213.34 $38,170.00
120 $38,170.00 $225.73 $0.00 $215.82 $38,611.55
121 $38,611.55 $225.73 $0.00 $218.32 $39,055.60
122 $39,055.60 $225.73 $0.00 $220.83 $39,502.16
123 $39,502.16 $225.73 $0.00 $223.35 $39,951.24
124 $39,951.24 $225.73 $0.00 $225.89 $40,402.86
125 $40,402.86 $225.73 $0.00 $228.44 $40,857.03
126 $40,857.03 $225.73 $0.00 $231.01 $41,313.77
127 $41,313.77 $225.73 $0.00 $233.59 $41,773.09
128 $41,773.09 $225.73 $0.00 $236.19 $42,235.01
129 $42,235.01 $225.73 $0.00 $238.80 $42,699.54
130 $42,699.54 $225.73 $0.00 $241.43 $43,166.70
131 $43,166.70 $225.73 $0.00 $244.07 $43,636.50
132 $43,636.50 $225.73 $0.00 $246.73 $44,108.96
133 $44,108.96 $225.73 $0.00 $249.40 $44,584.09
134 $44,584.09 $225.73 $0.00 $252.08 $45,061.90
135 $45,061.90 $225.73 $0.00 $254.79 $45,542.42
136 $45,542.42 $225.73 $0.00 $257.50 $46,025.65
137 $46,025.65 $225.73 $0.00 $260.24 $46,511.62
138 $46,511.62 $225.73 $0.00 $262.98 $47,000.33
139 $47,000.33 $225.73 $0.00 $265.75 $47,491.81
140 $47,491.81 $225.73 $0.00 $268.53 $47,986.07
141 $47,986.07 $225.73 $0.00 $271.32 $48,483.12
142 $48,483.12 $225.73 $0.00 $274.13 $48,982.98
143 $48,982.98 $225.73 $0.00 $276.96 $49,485.67
144 $49,485.67 $225.73 $0.00 $279.80 $49,991.20
145 $49,991.20 $225.73 $0.00 $282.66 $50,499.59
146 $50,499.59 $225.73 $0.00 $285.53 $51,010.85
147 $51,010.85 $225.73 $0.00 $288.42 $51,525.00
148 $51,525.00 $225.73 $0.00 $291.33 $52,042.06
149 $52,042.06 $225.73 $0.00 $294.25 $52,562.04
150 $52,562.04 $225.73 $0.00 $297.19 $53,084.96
151 $53,084.96 $225.73 $0.00 $300.15 $53,610.84
152 $53,610.84 $225.73 $0.00 $303.12 $54,139.69
153 $54,139.69 $225.73 $0.00 $306.11 $54,671.53
154 $54,671.53 $225.73 $0.00 $309.12 $55,206.38
155 $55,206.38 $225.73 $0.00 $312.14 $55,744.25
156 $55,744.25 $225.73 $0.00 $315.19 $56,285.17
157 $56,285.17 $225.73 $0.00 $318.24 $56,829.14
158 $56,829.14 $225.73 $0.00 $321.32 $57,376.19
159 $57,376.19 $225.73 $0.00 $324.41 $57,926.33
160 $57,926.33 $225.73 $0.00 $327.52 $58,479.58
161 $58,479.58 $225.73 $0.00 $330.65 $59,035.96
162 $59,035.96 $225.73 $0.00 $333.80 $59,595.49
163 $59,595.49 $225.73 $0.00 $336.96 $60,158.18
164 $60,158.18 $225.73 $0.00 $340.14 $60,724.05
165 $60,724.05 $225.73 $0.00 $343.34 $61,293.12
166 $61,293.12 $225.73 $0.00 $346.56 $61,865.41
167 $61,865.41 $225.73 $0.00 $349.80 $62,440.94
168 $62,440.94 $225.73 $0.00 $353.05 $63,019.72
169 $63,019.72 $225.73 $0.00 $356.32 $63,601.77
170 $63,601.77 $225.73 $0.00 $359.61 $64,187.11
171 $64,187.11 $225.73 $0.00 $362.92 $64,775.76
172 $64,775.76 $225.73 $0.00 $366.25 $65,367.74
173 $65,367.74 $225.73 $0.00 $369.60 $65,963.07
174 $65,963.07 $225.73 $0.00 $372.96 $66,561.76
175 $66,561.76 $225.73 $0.00 $376.35 $67,163.84
176 $67,163.84 $225.73 $0.00 $379.75 $67,769.32
177 $67,769.32 $225.73 $0.00 $383.18 $68,378.23
178 $68,378.23 $225.73 $0.00 $386.62 $68,990.58
179 $68,990.58 $225.73 $0.00 $390.08 $69,606.39
180 $69,606.39 $225.73 $0.00 $393.56 $70,225.68
181 $70,225.68 $225.73 $0.00 $397.07 $70,848.48
182 $70,848.48 $225.73 $0.00 $400.59 $71,474.80
183 $71,474.80 $225.73 $0.00 $404.13 $72,104.66
184 $72,104.66 $225.73 $0.00 $407.69 $72,738.08
185 $72,738.08 $225.73 $0.00 $411.27 $73,375.08
186 $73,375.08 $225.73 $0.00 $414.87 $74,015.68
187 $74,015.68 $225.73 $0.00 $418.50 $74,659.91
188 $74,659.91 $225.73 $0.00 $422.14 $75,307.78
189 $75,307.78 $225.73 $0.00 $425.80 $75,959.31
190 $75,959.31 $225.73 $0.00 $429.48 $76,614.52
191 $76,614.52 $225.73 $0.00 $433.19 $77,273.44
192 $77,273.44 $225.73 $0.00 $436.92 $77,936.09
193 $77,936.09 $225.73 $0.00 $440.66 $78,602.48
194 $78,602.48 $225.73 $0.00 $444.43 $79,272.64
195 $79,272.64 $225.73 $0.00 $448.22 $79,946.59
196 $79,946.59 $225.73 $0.00 $452.03 $80,624.35
197 $80,624.35 $225.73 $0.00 $455.86 $81,305.94
198 $81,305.94 $225.73 $0.00 $459.72 $81,991.39
199 $81,991.39 $225.73 $0.00 $463.59 $82,680.71
200 $82,680.71 $225.73 $0.00 $467.49 $83,373.93
201 $83,373.93 $225.73 $0.00 $471.41 $84,071.07
202 $84,071.07 $225.73 $0.00 $475.35 $84,772.15
203 $84,772.15 $225.73 $0.00 $479.31 $85,477.19
204 $85,477.19 $225.73 $0.00 $483.30 $86,186.22
205 $86,186.22 $225.73 $0.00 $487.31 $86,899.26
206 $86,899.26 $225.73 $0.00 $491.34 $87,616.33
207 $87,616.33 $225.73 $0.00 $495.40 $88,337.46
208 $88,337.46 $225.73 $0.00 $499.47 $89,062.66
209 $89,062.66 $225.73 $0.00 $503.57 $89,791.96
210 $89,791.96 $225.73 $0.00 $507.70 $90,525.39
211 $90,525.39 $225.73 $0.00 $511.84 $91,262.96
212 $91,262.96 $225.73 $0.00 $516.01 $92,004.70
213 $92,004.70 $225.73 $0.00 $520.21 $92,750.64
214 $92,750.64 $225.73 $0.00 $524.43 $93,500.80
215 $93,500.80 $225.73 $0.00 $528.67 $94,255.20
216 $94,255.20 $225.73 $0.00 $532.93 $95,013.86
217 $95,013.86 $225.73 $49,549.88 $537.22 $46,226.93
218 $46,226.93 $225.73 $0.00 $261.37 $46,714.03
219 $46,714.03 $225.73 $0.00 $264.13 $47,203.89
220 $47,203.89 $225.73 $0.00 $266.90 $47,696.52
221 $47,696.52 $225.73 $0.00 $269.68 $48,191.93
222 $48,191.93 $225.73 $0.00 $272.48 $48,690.14
223 $48,690.14 $225.73 $0.00 $275.30 $49,191.17
224 $49,191.17 $225.73 $0.00 $278.13 $49,695.03
225 $49,695.03 $225.73 $0.00 $280.98 $50,201.74
226 $50,201.74 $225.73 $0.00 $283.85 $50,711.32
227 $50,711.32 $225.73 $0.00 $286.73 $51,223.78
228 $51,223.78 $225.73 $0.00 $289.63 $51,739.14
229 $51,739.14 $0.00 $52,027.38 $292.54 $4.30