Savings Plan and Future Cost Estimation for Baltimore City Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$41,020
Monthly savings required$182

How much will it cost to send your child to Baltimore City Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $82,040.33 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $182.30 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$16,629.00
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 $182.30 $0.00 $0.00 $182.30
2 $182.30 $182.30 $0.00 $1.03 $365.63
3 $365.63 $182.30 $0.00 $2.07 $550.00
4 $550.00 $182.30 $0.00 $3.11 $735.41
5 $735.41 $182.30 $0.00 $4.16 $921.87
6 $921.87 $182.30 $0.00 $5.21 $1,109.38
7 $1,109.38 $182.30 $0.00 $6.27 $1,297.95
8 $1,297.95 $182.30 $0.00 $7.34 $1,487.59
9 $1,487.59 $182.30 $0.00 $8.41 $1,678.30
10 $1,678.30 $182.30 $0.00 $9.49 $1,870.09
11 $1,870.09 $182.30 $0.00 $10.57 $2,062.96
12 $2,062.96 $182.30 $0.00 $11.66 $2,256.92
13 $2,256.92 $182.30 $0.00 $12.76 $2,451.98
14 $2,451.98 $182.30 $0.00 $13.86 $2,648.14
15 $2,648.14 $182.30 $0.00 $14.97 $2,845.41
16 $2,845.41 $182.30 $0.00 $16.09 $3,043.80
17 $3,043.80 $182.30 $0.00 $17.21 $3,243.31
18 $3,243.31 $182.30 $0.00 $18.34 $3,443.95
19 $3,443.95 $182.30 $0.00 $19.47 $3,645.72
20 $3,645.72 $182.30 $0.00 $20.61 $3,848.63
21 $3,848.63 $182.30 $0.00 $21.76 $4,052.69
22 $4,052.69 $182.30 $0.00 $22.91 $4,257.90
23 $4,257.90 $182.30 $0.00 $24.07 $4,464.27
24 $4,464.27 $182.30 $0.00 $25.24 $4,671.81
25 $4,671.81 $182.30 $0.00 $26.42 $4,880.53
26 $4,880.53 $182.30 $0.00 $27.60 $5,090.43
27 $5,090.43 $182.30 $0.00 $28.78 $5,301.51
28 $5,301.51 $182.30 $0.00 $29.98 $5,513.79
29 $5,513.79 $182.30 $0.00 $31.18 $5,727.27
30 $5,727.27 $182.30 $0.00 $32.38 $5,941.95
31 $5,941.95 $182.30 $0.00 $33.60 $6,157.85
32 $6,157.85 $182.30 $0.00 $34.82 $6,374.97
33 $6,374.97 $182.30 $0.00 $36.05 $6,593.32
34 $6,593.32 $182.30 $0.00 $37.28 $6,812.90
35 $6,812.90 $182.30 $0.00 $38.52 $7,033.72
36 $7,033.72 $182.30 $0.00 $39.77 $7,255.79
37 $7,255.79 $182.30 $0.00 $41.03 $7,479.12
38 $7,479.12 $182.30 $0.00 $42.29 $7,703.71
39 $7,703.71 $182.30 $0.00 $43.56 $7,929.57
40 $7,929.57 $182.30 $0.00 $44.83 $8,156.70
41 $8,156.70 $182.30 $0.00 $46.12 $8,385.12
42 $8,385.12 $182.30 $0.00 $47.41 $8,614.83
43 $8,614.83 $182.30 $0.00 $48.71 $8,845.84
44 $8,845.84 $182.30 $0.00 $50.02 $9,078.16
45 $9,078.16 $182.30 $0.00 $51.33 $9,311.79
46 $9,311.79 $182.30 $0.00 $52.65 $9,546.74
47 $9,546.74 $182.30 $0.00 $53.98 $9,783.02
48 $9,783.02 $182.30 $0.00 $55.31 $10,020.63
49 $10,020.63 $182.30 $0.00 $56.66 $10,259.59
50 $10,259.59 $182.30 $0.00 $58.01 $10,499.90
51 $10,499.90 $182.30 $0.00 $59.37 $10,741.57
52 $10,741.57 $182.30 $0.00 $60.73 $10,984.60
53 $10,984.60 $182.30 $0.00 $62.11 $11,229.01
54 $11,229.01 $182.30 $0.00 $63.49 $11,474.80
55 $11,474.80 $182.30 $0.00 $64.88 $11,721.98
56 $11,721.98 $182.30 $0.00 $66.28 $11,970.56
57 $11,970.56 $182.30 $0.00 $67.68 $12,220.54
58 $12,220.54 $182.30 $0.00 $69.10 $12,471.94
59 $12,471.94 $182.30 $0.00 $70.52 $12,724.76
60 $12,724.76 $182.30 $0.00 $71.95 $12,979.01
61 $12,979.01 $182.30 $0.00 $73.39 $13,234.70
62 $13,234.70 $182.30 $0.00 $74.83 $13,491.83
63 $13,491.83 $182.30 $0.00 $76.28 $13,750.41
64 $13,750.41 $182.30 $0.00 $77.75 $14,010.46
65 $14,010.46 $182.30 $0.00 $79.22 $14,271.98
66 $14,271.98 $182.30 $0.00 $80.70 $14,534.98
67 $14,534.98 $182.30 $0.00 $82.18 $14,799.46
68 $14,799.46 $182.30 $0.00 $83.68 $15,065.44
69 $15,065.44 $182.30 $0.00 $85.18 $15,332.92
70 $15,332.92 $182.30 $0.00 $86.69 $15,601.91
71 $15,601.91 $182.30 $0.00 $88.22 $15,872.43
72 $15,872.43 $182.30 $0.00 $89.75 $16,144.48
73 $16,144.48 $182.30 $0.00 $91.28 $16,418.06
74 $16,418.06 $182.30 $0.00 $92.83 $16,693.19
75 $16,693.19 $182.30 $0.00 $94.39 $16,969.88
76 $16,969.88 $182.30 $0.00 $95.95 $17,248.13
77 $17,248.13 $182.30 $0.00 $97.52 $17,527.95
78 $17,527.95 $182.30 $0.00 $99.11 $17,809.36
79 $17,809.36 $182.30 $0.00 $100.70 $18,092.36
80 $18,092.36 $182.30 $0.00 $102.30 $18,376.96
81 $18,376.96 $182.30 $0.00 $103.91 $18,663.17
82 $18,663.17 $182.30 $0.00 $105.52 $18,950.99
83 $18,950.99 $182.30 $0.00 $107.15 $19,240.44
84 $19,240.44 $182.30 $0.00 $108.79 $19,531.53
85 $19,531.53 $182.30 $0.00 $110.43 $19,824.26
86 $19,824.26 $182.30 $0.00 $112.09 $20,118.65
87 $20,118.65 $182.30 $0.00 $113.75 $20,414.70
88 $20,414.70 $182.30 $0.00 $115.43 $20,712.43
89 $20,712.43 $182.30 $0.00 $117.11 $21,011.84
90 $21,011.84 $182.30 $0.00 $118.80 $21,312.94
91 $21,312.94 $182.30 $0.00 $120.51 $21,615.75
92 $21,615.75 $182.30 $0.00 $122.22 $21,920.27
93 $21,920.27 $182.30 $0.00 $123.94 $22,226.51
94 $22,226.51 $182.30 $0.00 $125.67 $22,534.48
95 $22,534.48 $182.30 $0.00 $127.41 $22,844.19
96 $22,844.19 $182.30 $0.00 $129.16 $23,155.65
97 $23,155.65 $182.30 $0.00 $130.93 $23,468.88
98 $23,468.88 $182.30 $0.00 $132.70 $23,783.88
99 $23,783.88 $182.30 $0.00 $134.48 $24,100.66
100 $24,100.66 $182.30 $0.00 $136.27 $24,419.23
101 $24,419.23 $182.30 $0.00 $138.07 $24,739.60
102 $24,739.60 $182.30 $0.00 $139.88 $25,061.78
103 $25,061.78 $182.30 $0.00 $141.70 $25,385.78
104 $25,385.78 $182.30 $0.00 $143.53 $25,711.61
105 $25,711.61 $182.30 $0.00 $145.38 $26,039.29
106 $26,039.29 $182.30 $0.00 $147.23 $26,368.82
107 $26,368.82 $182.30 $0.00 $149.09 $26,700.21
108 $26,700.21 $182.30 $0.00 $150.97 $27,033.48
109 $27,033.48 $182.30 $0.00 $152.85 $27,368.63
110 $27,368.63 $182.30 $0.00 $154.75 $27,705.68
111 $27,705.68 $182.30 $0.00 $156.65 $28,044.63
112 $28,044.63 $182.30 $0.00 $158.57 $28,385.50
113 $28,385.50 $182.30 $0.00 $160.50 $28,728.30
114 $28,728.30 $182.30 $0.00 $162.43 $29,073.03
115 $29,073.03 $182.30 $0.00 $164.38 $29,419.71
116 $29,419.71 $182.30 $0.00 $166.34 $29,768.35
117 $29,768.35 $182.30 $0.00 $168.31 $30,118.96
118 $30,118.96 $182.30 $0.00 $170.30 $30,471.56
119 $30,471.56 $182.30 $0.00 $172.29 $30,826.15
120 $30,826.15 $182.30 $0.00 $174.30 $31,182.75
121 $31,182.75 $182.30 $0.00 $176.31 $31,541.36
122 $31,541.36 $182.30 $0.00 $178.34 $31,902.00
123 $31,902.00 $182.30 $0.00 $180.38 $32,264.68
124 $32,264.68 $182.30 $0.00 $182.43 $32,629.41
125 $32,629.41 $182.30 $0.00 $184.49 $32,996.20
126 $32,996.20 $182.30 $0.00 $186.57 $33,365.07
127 $33,365.07 $182.30 $0.00 $188.65 $33,736.02
128 $33,736.02 $182.30 $0.00 $190.75 $34,109.07
129 $34,109.07 $182.30 $0.00 $192.86 $34,484.23
130 $34,484.23 $182.30 $0.00 $194.98 $34,861.51
131 $34,861.51 $182.30 $0.00 $197.11 $35,240.92
132 $35,240.92 $182.30 $0.00 $199.26 $35,622.48
133 $35,622.48 $182.30 $0.00 $201.41 $36,006.19
134 $36,006.19 $182.30 $0.00 $203.58 $36,392.07
135 $36,392.07 $182.30 $0.00 $205.77 $36,780.14
136 $36,780.14 $182.30 $0.00 $207.96 $37,170.40
137 $37,170.40 $182.30 $0.00 $210.17 $37,562.87
138 $37,562.87 $182.30 $0.00 $212.39 $37,957.56
139 $37,957.56 $182.30 $0.00 $214.62 $38,354.48
140 $38,354.48 $182.30 $0.00 $216.86 $38,753.64
141 $38,753.64 $182.30 $0.00 $219.12 $39,155.06
142 $39,155.06 $182.30 $0.00 $221.39 $39,558.75
143 $39,558.75 $182.30 $0.00 $223.67 $39,964.72
144 $39,964.72 $182.30 $0.00 $225.97 $40,372.99
145 $40,372.99 $182.30 $0.00 $228.27 $40,783.56
146 $40,783.56 $182.30 $0.00 $230.60 $41,196.46
147 $41,196.46 $182.30 $0.00 $232.93 $41,611.69
148 $41,611.69 $182.30 $0.00 $235.28 $42,029.27
149 $42,029.27 $182.30 $0.00 $237.64 $42,449.21
150 $42,449.21 $182.30 $0.00 $240.01 $42,871.52
151 $42,871.52 $182.30 $0.00 $242.40 $43,296.22
152 $43,296.22 $182.30 $0.00 $244.80 $43,723.32
153 $43,723.32 $182.30 $0.00 $247.22 $44,152.84
154 $44,152.84 $182.30 $0.00 $249.65 $44,584.79
155 $44,584.79 $182.30 $0.00 $252.09 $45,019.18
156 $45,019.18 $182.30 $0.00 $254.54 $45,456.02
157 $45,456.02 $182.30 $0.00 $257.01 $45,895.33
158 $45,895.33 $182.30 $0.00 $259.50 $46,337.13
159 $46,337.13 $182.30 $0.00 $262.00 $46,781.43
160 $46,781.43 $182.30 $0.00 $264.51 $47,228.24
161 $47,228.24 $182.30 $0.00 $267.04 $47,677.58
162 $47,677.58 $182.30 $0.00 $269.58 $48,129.46
163 $48,129.46 $182.30 $0.00 $272.13 $48,583.89
164 $48,583.89 $182.30 $0.00 $274.70 $49,040.89
165 $49,040.89 $182.30 $0.00 $277.28 $49,500.47
166 $49,500.47 $182.30 $0.00 $279.88 $49,962.65
167 $49,962.65 $182.30 $0.00 $282.50 $50,427.45
168 $50,427.45 $182.30 $0.00 $285.12 $50,894.87
169 $50,894.87 $182.30 $0.00 $287.77 $51,364.94
170 $51,364.94 $182.30 $0.00 $290.42 $51,837.66
171 $51,837.66 $182.30 $0.00 $293.10 $52,313.06
172 $52,313.06 $182.30 $0.00 $295.79 $52,791.15
173 $52,791.15 $182.30 $0.00 $298.49 $53,271.94
174 $53,271.94 $182.30 $0.00 $301.21 $53,755.45
175 $53,755.45 $182.30 $0.00 $303.94 $54,241.69
176 $54,241.69 $182.30 $0.00 $306.69 $54,730.68
177 $54,730.68 $182.30 $0.00 $309.46 $55,222.44
178 $55,222.44 $182.30 $0.00 $312.24 $55,716.98
179 $55,716.98 $182.30 $0.00 $315.03 $56,214.31
180 $56,214.31 $182.30 $0.00 $317.84 $56,714.45
181 $56,714.45 $182.30 $0.00 $320.67 $57,217.42
182 $57,217.42 $182.30 $0.00 $323.52 $57,723.24
183 $57,723.24 $182.30 $0.00 $326.38 $58,231.92
184 $58,231.92 $182.30 $0.00 $329.25 $58,743.47
185 $58,743.47 $182.30 $0.00 $332.14 $59,257.91
186 $59,257.91 $182.30 $0.00 $335.05 $59,775.26
187 $59,775.26 $182.30 $0.00 $337.98 $60,295.54
188 $60,295.54 $182.30 $0.00 $340.92 $60,818.76
189 $60,818.76 $182.30 $0.00 $343.88 $61,344.94
190 $61,344.94 $182.30 $0.00 $346.85 $61,874.09
191 $61,874.09 $182.30 $0.00 $349.85 $62,406.24
192 $62,406.24 $182.30 $0.00 $352.85 $62,941.39
193 $62,941.39 $182.30 $0.00 $355.88 $63,479.57
194 $63,479.57 $182.30 $0.00 $358.92 $64,020.79
195 $64,020.79 $182.30 $0.00 $361.98 $64,565.07
196 $64,565.07 $182.30 $0.00 $365.06 $65,112.43
197 $65,112.43 $182.30 $0.00 $368.16 $65,662.89
198 $65,662.89 $182.30 $0.00 $371.27 $66,216.46
199 $66,216.46 $182.30 $0.00 $374.40 $66,773.16
200 $66,773.16 $182.30 $0.00 $377.55 $67,333.01
201 $67,333.01 $182.30 $0.00 $380.71 $67,896.02
202 $67,896.02 $182.30 $0.00 $383.89 $68,462.21
203 $68,462.21 $182.30 $0.00 $387.10 $69,031.61
204 $69,031.61 $182.30 $0.00 $390.31 $69,604.22
205 $69,604.22 $182.30 $0.00 $393.55 $70,180.07
206 $70,180.07 $182.30 $0.00 $396.81 $70,759.18
207 $70,759.18 $182.30 $0.00 $400.08 $71,341.56
208 $71,341.56 $182.30 $0.00 $403.38 $71,927.24
209 $71,927.24 $182.30 $0.00 $406.69 $72,516.23
210 $72,516.23 $182.30 $0.00 $410.02 $73,108.55
211 $73,108.55 $182.30 $0.00 $413.37 $73,704.22
212 $73,704.22 $182.30 $0.00 $416.73 $74,303.25
213 $74,303.25 $182.30 $0.00 $420.12 $74,905.67
214 $74,905.67 $182.30 $0.00 $423.53 $75,511.50
215 $75,511.50 $182.30 $0.00 $426.95 $76,120.75
216 $76,120.75 $182.30 $0.00 $430.40 $76,733.45
217 $76,733.45 $182.30 $40,019.67 $433.86 $37,329.94
218 $37,329.94 $182.30 $0.00 $211.07 $37,723.31
219 $37,723.31 $182.30 $0.00 $213.29 $38,118.90
220 $38,118.90 $182.30 $0.00 $215.53 $38,516.73
221 $38,516.73 $182.30 $0.00 $217.78 $38,916.81
222 $38,916.81 $182.30 $0.00 $220.04 $39,319.15
223 $39,319.15 $182.30 $0.00 $222.32 $39,723.77
224 $39,723.77 $182.30 $0.00 $224.60 $40,130.67
225 $40,130.67 $182.30 $0.00 $226.90 $40,539.87
226 $40,539.87 $182.30 $0.00 $229.22 $40,951.39
227 $40,951.39 $182.30 $0.00 $231.55 $41,365.24
228 $41,365.24 $182.30 $0.00 $233.89 $41,781.43
229 $41,781.43 $0.00 $42,020.65 $236.24 ($2.98)