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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$48,879
Monthly savings required$217

How much will it cost to send your child to South Louisiana Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $97,758.68 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $217.24 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$19,815.00
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 $217.24 $0.00 $0.00 $217.24
2 $217.24 $217.24 $0.00 $1.23 $435.71
3 $435.71 $217.24 $0.00 $2.46 $655.41
4 $655.41 $217.24 $0.00 $3.71 $876.36
5 $876.36 $217.24 $0.00 $4.96 $1,098.56
6 $1,098.56 $217.24 $0.00 $6.21 $1,322.01
7 $1,322.01 $217.24 $0.00 $7.47 $1,546.72
8 $1,546.72 $217.24 $0.00 $8.75 $1,772.71
9 $1,772.71 $217.24 $0.00 $10.02 $1,999.97
10 $1,999.97 $217.24 $0.00 $11.31 $2,228.52
11 $2,228.52 $217.24 $0.00 $12.60 $2,458.36
12 $2,458.36 $217.24 $0.00 $13.90 $2,689.50
13 $2,689.50 $217.24 $0.00 $15.21 $2,921.95
14 $2,921.95 $217.24 $0.00 $16.52 $3,155.71
15 $3,155.71 $217.24 $0.00 $17.84 $3,390.79
16 $3,390.79 $217.24 $0.00 $19.17 $3,627.20
17 $3,627.20 $217.24 $0.00 $20.51 $3,864.95
18 $3,864.95 $217.24 $0.00 $21.85 $4,104.04
19 $4,104.04 $217.24 $0.00 $23.20 $4,344.48
20 $4,344.48 $217.24 $0.00 $24.56 $4,586.28
21 $4,586.28 $217.24 $0.00 $25.93 $4,829.45
22 $4,829.45 $217.24 $0.00 $27.31 $5,074.00
23 $5,074.00 $217.24 $0.00 $28.69 $5,319.93
24 $5,319.93 $217.24 $0.00 $30.08 $5,567.25
25 $5,567.25 $217.24 $0.00 $31.48 $5,815.97
26 $5,815.97 $217.24 $0.00 $32.88 $6,066.09
27 $6,066.09 $217.24 $0.00 $34.30 $6,317.63
28 $6,317.63 $217.24 $0.00 $35.72 $6,570.59
29 $6,570.59 $217.24 $0.00 $37.15 $6,824.98
30 $6,824.98 $217.24 $0.00 $38.59 $7,080.81
31 $7,080.81 $217.24 $0.00 $40.04 $7,338.09
32 $7,338.09 $217.24 $0.00 $41.49 $7,596.82
33 $7,596.82 $217.24 $0.00 $42.95 $7,857.01
34 $7,857.01 $217.24 $0.00 $44.42 $8,118.67
35 $8,118.67 $217.24 $0.00 $45.90 $8,381.81
36 $8,381.81 $217.24 $0.00 $47.39 $8,646.44
37 $8,646.44 $217.24 $0.00 $48.89 $8,912.57
38 $8,912.57 $217.24 $0.00 $50.39 $9,180.20
39 $9,180.20 $217.24 $0.00 $51.91 $9,449.35
40 $9,449.35 $217.24 $0.00 $53.43 $9,720.02
41 $9,720.02 $217.24 $0.00 $54.96 $9,992.22
42 $9,992.22 $217.24 $0.00 $56.50 $10,265.96
43 $10,265.96 $217.24 $0.00 $58.05 $10,541.25
44 $10,541.25 $217.24 $0.00 $59.60 $10,818.09
45 $10,818.09 $217.24 $0.00 $61.17 $11,096.50
46 $11,096.50 $217.24 $0.00 $62.74 $11,376.48
47 $11,376.48 $217.24 $0.00 $64.32 $11,658.04
48 $11,658.04 $217.24 $0.00 $65.92 $11,941.20
49 $11,941.20 $217.24 $0.00 $67.52 $12,225.96
50 $12,225.96 $217.24 $0.00 $69.13 $12,512.33
51 $12,512.33 $217.24 $0.00 $70.75 $12,800.32
52 $12,800.32 $217.24 $0.00 $72.37 $13,089.93
53 $13,089.93 $217.24 $0.00 $74.01 $13,381.18
54 $13,381.18 $217.24 $0.00 $75.66 $13,674.08
55 $13,674.08 $217.24 $0.00 $77.32 $13,968.64
56 $13,968.64 $217.24 $0.00 $78.98 $14,264.86
57 $14,264.86 $217.24 $0.00 $80.66 $14,562.76
58 $14,562.76 $217.24 $0.00 $82.34 $14,862.34
59 $14,862.34 $217.24 $0.00 $84.03 $15,163.61
60 $15,163.61 $217.24 $0.00 $85.74 $15,466.59
61 $15,466.59 $217.24 $0.00 $87.45 $15,771.28
62 $15,771.28 $217.24 $0.00 $89.17 $16,077.69
63 $16,077.69 $217.24 $0.00 $90.91 $16,385.84
64 $16,385.84 $217.24 $0.00 $92.65 $16,695.73
65 $16,695.73 $217.24 $0.00 $94.40 $17,007.37
66 $17,007.37 $217.24 $0.00 $96.16 $17,320.77
67 $17,320.77 $217.24 $0.00 $97.93 $17,635.94
68 $17,635.94 $217.24 $0.00 $99.72 $17,952.90
69 $17,952.90 $217.24 $0.00 $101.51 $18,271.65
70 $18,271.65 $217.24 $0.00 $103.31 $18,592.20
71 $18,592.20 $217.24 $0.00 $105.12 $18,914.56
72 $18,914.56 $217.24 $0.00 $106.95 $19,238.75
73 $19,238.75 $217.24 $0.00 $108.78 $19,564.77
74 $19,564.77 $217.24 $0.00 $110.62 $19,892.63
75 $19,892.63 $217.24 $0.00 $112.48 $20,222.35
76 $20,222.35 $217.24 $0.00 $114.34 $20,553.93
77 $20,553.93 $217.24 $0.00 $116.21 $20,887.38
78 $20,887.38 $217.24 $0.00 $118.10 $21,222.72
79 $21,222.72 $217.24 $0.00 $120.00 $21,559.96
80 $21,559.96 $217.24 $0.00 $121.90 $21,899.10
81 $21,899.10 $217.24 $0.00 $123.82 $22,240.16
82 $22,240.16 $217.24 $0.00 $125.75 $22,583.15
83 $22,583.15 $217.24 $0.00 $127.69 $22,928.08
84 $22,928.08 $217.24 $0.00 $129.64 $23,274.96
85 $23,274.96 $217.24 $0.00 $131.60 $23,623.80
86 $23,623.80 $217.24 $0.00 $133.57 $23,974.61
87 $23,974.61 $217.24 $0.00 $135.56 $24,327.41
88 $24,327.41 $217.24 $0.00 $137.55 $24,682.20
89 $24,682.20 $217.24 $0.00 $139.56 $25,039.00
90 $25,039.00 $217.24 $0.00 $141.57 $25,397.81
91 $25,397.81 $217.24 $0.00 $143.60 $25,758.65
92 $25,758.65 $217.24 $0.00 $145.64 $26,121.53
93 $26,121.53 $217.24 $0.00 $147.69 $26,486.46
94 $26,486.46 $217.24 $0.00 $149.76 $26,853.46
95 $26,853.46 $217.24 $0.00 $151.83 $27,222.53
96 $27,222.53 $217.24 $0.00 $153.92 $27,593.69
97 $27,593.69 $217.24 $0.00 $156.02 $27,966.95
98 $27,966.95 $217.24 $0.00 $158.13 $28,342.32
99 $28,342.32 $217.24 $0.00 $160.25 $28,719.81
100 $28,719.81 $217.24 $0.00 $162.39 $29,099.44
101 $29,099.44 $217.24 $0.00 $164.53 $29,481.21
102 $29,481.21 $217.24 $0.00 $166.69 $29,865.14
103 $29,865.14 $217.24 $0.00 $168.86 $30,251.24
104 $30,251.24 $217.24 $0.00 $171.04 $30,639.52
105 $30,639.52 $217.24 $0.00 $173.24 $31,030.00
106 $31,030.00 $217.24 $0.00 $175.45 $31,422.69
107 $31,422.69 $217.24 $0.00 $177.67 $31,817.60
108 $31,817.60 $217.24 $0.00 $179.90 $32,214.74
109 $32,214.74 $217.24 $0.00 $182.15 $32,614.13
110 $32,614.13 $217.24 $0.00 $184.41 $33,015.78
111 $33,015.78 $217.24 $0.00 $186.68 $33,419.70
112 $33,419.70 $217.24 $0.00 $188.96 $33,825.90
113 $33,825.90 $217.24 $0.00 $191.26 $34,234.40
114 $34,234.40 $217.24 $0.00 $193.57 $34,645.21
115 $34,645.21 $217.24 $0.00 $195.89 $35,058.34
116 $35,058.34 $217.24 $0.00 $198.22 $35,473.80
117 $35,473.80 $217.24 $0.00 $200.57 $35,891.61
118 $35,891.61 $217.24 $0.00 $202.94 $36,311.79
119 $36,311.79 $217.24 $0.00 $205.31 $36,734.34
120 $36,734.34 $217.24 $0.00 $207.70 $37,159.28
121 $37,159.28 $217.24 $0.00 $210.10 $37,586.62
122 $37,586.62 $217.24 $0.00 $212.52 $38,016.38
123 $38,016.38 $217.24 $0.00 $214.95 $38,448.57
124 $38,448.57 $217.24 $0.00 $217.39 $38,883.20
125 $38,883.20 $217.24 $0.00 $219.85 $39,320.29
126 $39,320.29 $217.24 $0.00 $222.32 $39,759.85
127 $39,759.85 $217.24 $0.00 $224.81 $40,201.90
128 $40,201.90 $217.24 $0.00 $227.31 $40,646.45
129 $40,646.45 $217.24 $0.00 $229.82 $41,093.51
130 $41,093.51 $217.24 $0.00 $232.35 $41,543.10
131 $41,543.10 $217.24 $0.00 $234.89 $41,995.23
132 $41,995.23 $217.24 $0.00 $237.45 $42,449.92
133 $42,449.92 $217.24 $0.00 $240.02 $42,907.18
134 $42,907.18 $217.24 $0.00 $242.60 $43,367.02
135 $43,367.02 $217.24 $0.00 $245.20 $43,829.46
136 $43,829.46 $217.24 $0.00 $247.82 $44,294.52
137 $44,294.52 $217.24 $0.00 $250.45 $44,762.21
138 $44,762.21 $217.24 $0.00 $253.09 $45,232.54
139 $45,232.54 $217.24 $0.00 $255.75 $45,705.53
140 $45,705.53 $217.24 $0.00 $258.43 $46,181.20
141 $46,181.20 $217.24 $0.00 $261.12 $46,659.56
142 $46,659.56 $217.24 $0.00 $263.82 $47,140.62
143 $47,140.62 $217.24 $0.00 $266.54 $47,624.40
144 $47,624.40 $217.24 $0.00 $269.28 $48,110.92
145 $48,110.92 $217.24 $0.00 $272.03 $48,600.19
146 $48,600.19 $217.24 $0.00 $274.79 $49,092.22
147 $49,092.22 $217.24 $0.00 $277.57 $49,587.03
148 $49,587.03 $217.24 $0.00 $280.37 $50,084.64
149 $50,084.64 $217.24 $0.00 $283.19 $50,585.07
150 $50,585.07 $217.24 $0.00 $286.02 $51,088.33
151 $51,088.33 $217.24 $0.00 $288.86 $51,594.43
152 $51,594.43 $217.24 $0.00 $291.72 $52,103.39
153 $52,103.39 $217.24 $0.00 $294.60 $52,615.23
154 $52,615.23 $217.24 $0.00 $297.49 $53,129.96
155 $53,129.96 $217.24 $0.00 $300.40 $53,647.60
156 $53,647.60 $217.24 $0.00 $303.33 $54,168.17
157 $54,168.17 $217.24 $0.00 $306.27 $54,691.68
158 $54,691.68 $217.24 $0.00 $309.23 $55,218.15
159 $55,218.15 $217.24 $0.00 $312.21 $55,747.60
160 $55,747.60 $217.24 $0.00 $315.21 $56,280.05
161 $56,280.05 $217.24 $0.00 $318.22 $56,815.51
162 $56,815.51 $217.24 $0.00 $321.24 $57,353.99
163 $57,353.99 $217.24 $0.00 $324.29 $57,895.52
164 $57,895.52 $217.24 $0.00 $327.35 $58,440.11
165 $58,440.11 $217.24 $0.00 $330.43 $58,987.78
166 $58,987.78 $217.24 $0.00 $333.53 $59,538.55
167 $59,538.55 $217.24 $0.00 $336.64 $60,092.43
168 $60,092.43 $217.24 $0.00 $339.77 $60,649.44
169 $60,649.44 $217.24 $0.00 $342.92 $61,209.60
170 $61,209.60 $217.24 $0.00 $346.09 $61,772.93
171 $61,772.93 $217.24 $0.00 $349.27 $62,339.44
172 $62,339.44 $217.24 $0.00 $352.48 $62,909.16
173 $62,909.16 $217.24 $0.00 $355.70 $63,482.10
174 $63,482.10 $217.24 $0.00 $358.94 $64,058.28
175 $64,058.28 $217.24 $0.00 $362.19 $64,637.71
176 $64,637.71 $217.24 $0.00 $365.47 $65,220.42
177 $65,220.42 $217.24 $0.00 $368.77 $65,806.43
178 $65,806.43 $217.24 $0.00 $372.08 $66,395.75
179 $66,395.75 $217.24 $0.00 $375.41 $66,988.40
180 $66,988.40 $217.24 $0.00 $378.76 $67,584.40
181 $67,584.40 $217.24 $0.00 $382.13 $68,183.77
182 $68,183.77 $217.24 $0.00 $385.52 $68,786.53
183 $68,786.53 $217.24 $0.00 $388.93 $69,392.70
184 $69,392.70 $217.24 $0.00 $392.36 $70,002.30
185 $70,002.30 $217.24 $0.00 $395.80 $70,615.34
186 $70,615.34 $217.24 $0.00 $399.27 $71,231.85
187 $71,231.85 $217.24 $0.00 $402.76 $71,851.85
188 $71,851.85 $217.24 $0.00 $406.26 $72,475.35
189 $72,475.35 $217.24 $0.00 $409.79 $73,102.38
190 $73,102.38 $217.24 $0.00 $413.33 $73,732.95
191 $73,732.95 $217.24 $0.00 $416.90 $74,367.09
192 $74,367.09 $217.24 $0.00 $420.48 $75,004.81
193 $75,004.81 $217.24 $0.00 $424.09 $75,646.14
194 $75,646.14 $217.24 $0.00 $427.71 $76,291.09
195 $76,291.09 $217.24 $0.00 $431.36 $76,939.69
196 $76,939.69 $217.24 $0.00 $435.03 $77,591.96
197 $77,591.96 $217.24 $0.00 $438.72 $78,247.92
198 $78,247.92 $217.24 $0.00 $442.43 $78,907.59
199 $78,907.59 $217.24 $0.00 $446.15 $79,570.98
200 $79,570.98 $217.24 $0.00 $449.91 $80,238.13
201 $80,238.13 $217.24 $0.00 $453.68 $80,909.05
202 $80,909.05 $217.24 $0.00 $457.47 $81,583.76
203 $81,583.76 $217.24 $0.00 $461.29 $82,262.29
204 $82,262.29 $217.24 $0.00 $465.12 $82,944.65
205 $82,944.65 $217.24 $0.00 $468.98 $83,630.87
206 $83,630.87 $217.24 $0.00 $472.86 $84,320.97
207 $84,320.97 $217.24 $0.00 $476.76 $85,014.97
208 $85,014.97 $217.24 $0.00 $480.69 $85,712.90
209 $85,712.90 $217.24 $0.00 $484.63 $86,414.77
210 $86,414.77 $217.24 $0.00 $488.60 $87,120.61
211 $87,120.61 $217.24 $0.00 $492.59 $87,830.44
212 $87,830.44 $217.24 $0.00 $496.61 $88,544.29
213 $88,544.29 $217.24 $0.00 $500.64 $89,262.17
214 $89,262.17 $217.24 $0.00 $504.70 $89,984.11
215 $89,984.11 $217.24 $0.00 $508.78 $90,710.13
216 $90,710.13 $217.24 $0.00 $512.89 $91,440.26
217 $91,440.26 $217.24 $47,687.16 $517.02 $44,487.36
218 $44,487.36 $217.24 $0.00 $251.54 $44,956.14
219 $44,956.14 $217.24 $0.00 $254.19 $45,427.57
220 $45,427.57 $217.24 $0.00 $256.85 $45,901.66
221 $45,901.66 $217.24 $0.00 $259.53 $46,378.43
222 $46,378.43 $217.24 $0.00 $262.23 $46,857.90
223 $46,857.90 $217.24 $0.00 $264.94 $47,340.08
224 $47,340.08 $217.24 $0.00 $267.67 $47,824.99
225 $47,824.99 $217.24 $0.00 $270.41 $48,312.64
226 $48,312.64 $217.24 $0.00 $273.17 $48,803.05
227 $48,803.05 $217.24 $0.00 $275.94 $49,296.23
228 $49,296.23 $217.24 $0.00 $278.73 $49,792.20
229 $49,792.20 $0.00 $50,071.52 $281.53 $2.21