How much will it cost and what do you need to save?
| Estimated Annual Cost in 2041 | $35,773 |
| Monthly savings required | $159 |
How much will it cost to send your child to Chesapeake College in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $71,546.62 for students enrolling in 2041 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $158.98 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.
| Current Annual Cost | $14,502.00 |
| Years until enrollment | 18 |
| Annual Tuition Increase | 5% |
| Current Savings | $0.00 |
| After Tax Return on Savings | 7% |
| Years of enrollment | 2 |
Discover how much will you need to start saving now to afford Chesapeake College in the future.
| Month | Begin | Deposit | Withdraw | Interest | End |
|---|---|---|---|---|---|
| 1 | $0.00 | $158.98 | $0.00 | $0.00 | $158.98 |
| 2 | $158.98 | $158.98 | $0.00 | $0.90 | $318.86 |
| 3 | $318.86 | $158.98 | $0.00 | $1.80 | $479.64 |
| 4 | $479.64 | $158.98 | $0.00 | $2.71 | $641.33 |
| 5 | $641.33 | $158.98 | $0.00 | $3.63 | $803.94 |
| 6 | $803.94 | $158.98 | $0.00 | $4.55 | $967.47 |
| 7 | $967.47 | $158.98 | $0.00 | $5.47 | $1,131.92 |
| 8 | $1,131.92 | $158.98 | $0.00 | $6.40 | $1,297.30 |
| 9 | $1,297.30 | $158.98 | $0.00 | $7.34 | $1,463.62 |
| 10 | $1,463.62 | $158.98 | $0.00 | $8.28 | $1,630.88 |
| 11 | $1,630.88 | $158.98 | $0.00 | $9.22 | $1,799.08 |
| 12 | $1,799.08 | $158.98 | $0.00 | $10.17 | $1,968.23 |
| 13 | $1,968.23 | $158.98 | $0.00 | $11.13 | $2,138.34 |
| 14 | $2,138.34 | $158.98 | $0.00 | $12.09 | $2,309.41 |
| 15 | $2,309.41 | $158.98 | $0.00 | $13.06 | $2,481.45 |
| 16 | $2,481.45 | $158.98 | $0.00 | $14.03 | $2,654.46 |
| 17 | $2,654.46 | $158.98 | $0.00 | $15.01 | $2,828.45 |
| 18 | $2,828.45 | $158.98 | $0.00 | $15.99 | $3,003.42 |
| 19 | $3,003.42 | $158.98 | $0.00 | $16.98 | $3,179.38 |
| 20 | $3,179.38 | $158.98 | $0.00 | $17.98 | $3,356.34 |
| 21 | $3,356.34 | $158.98 | $0.00 | $18.98 | $3,534.30 |
| 22 | $3,534.30 | $158.98 | $0.00 | $19.98 | $3,713.26 |
| 23 | $3,713.26 | $158.98 | $0.00 | $21.00 | $3,893.24 |
| 24 | $3,893.24 | $158.98 | $0.00 | $22.01 | $4,074.23 |
| 25 | $4,074.23 | $158.98 | $0.00 | $23.04 | $4,256.25 |
| 26 | $4,256.25 | $158.98 | $0.00 | $24.07 | $4,439.30 |
| 27 | $4,439.30 | $158.98 | $0.00 | $25.10 | $4,623.38 |
| 28 | $4,623.38 | $158.98 | $0.00 | $26.14 | $4,808.50 |
| 29 | $4,808.50 | $158.98 | $0.00 | $27.19 | $4,994.67 |
| 30 | $4,994.67 | $158.98 | $0.00 | $28.24 | $5,181.89 |
| 31 | $5,181.89 | $158.98 | $0.00 | $29.30 | $5,370.17 |
| 32 | $5,370.17 | $158.98 | $0.00 | $30.36 | $5,559.51 |
| 33 | $5,559.51 | $158.98 | $0.00 | $31.43 | $5,749.92 |
| 34 | $5,749.92 | $158.98 | $0.00 | $32.51 | $5,941.41 |
| 35 | $5,941.41 | $158.98 | $0.00 | $33.59 | $6,133.98 |
| 36 | $6,133.98 | $158.98 | $0.00 | $34.68 | $6,327.64 |
| 37 | $6,327.64 | $158.98 | $0.00 | $35.78 | $6,522.40 |
| 38 | $6,522.40 | $158.98 | $0.00 | $36.88 | $6,718.26 |
| 39 | $6,718.26 | $158.98 | $0.00 | $37.99 | $6,915.23 |
| 40 | $6,915.23 | $158.98 | $0.00 | $39.10 | $7,113.31 |
| 41 | $7,113.31 | $158.98 | $0.00 | $40.22 | $7,312.51 |
| 42 | $7,312.51 | $158.98 | $0.00 | $41.35 | $7,512.84 |
| 43 | $7,512.84 | $158.98 | $0.00 | $42.48 | $7,714.30 |
| 44 | $7,714.30 | $158.98 | $0.00 | $43.62 | $7,916.90 |
| 45 | $7,916.90 | $158.98 | $0.00 | $44.76 | $8,120.64 |
| 46 | $8,120.64 | $158.98 | $0.00 | $45.92 | $8,325.54 |
| 47 | $8,325.54 | $158.98 | $0.00 | $47.07 | $8,531.59 |
| 48 | $8,531.59 | $158.98 | $0.00 | $48.24 | $8,738.81 |
| 49 | $8,738.81 | $158.98 | $0.00 | $49.41 | $8,947.20 |
| 50 | $8,947.20 | $158.98 | $0.00 | $50.59 | $9,156.77 |
| 51 | $9,156.77 | $158.98 | $0.00 | $51.77 | $9,367.52 |
| 52 | $9,367.52 | $158.98 | $0.00 | $52.97 | $9,579.47 |
| 53 | $9,579.47 | $158.98 | $0.00 | $54.16 | $9,792.61 |
| 54 | $9,792.61 | $158.98 | $0.00 | $55.37 | $10,006.96 |
| 55 | $10,006.96 | $158.98 | $0.00 | $56.58 | $10,222.52 |
| 56 | $10,222.52 | $158.98 | $0.00 | $57.80 | $10,439.30 |
| 57 | $10,439.30 | $158.98 | $0.00 | $59.03 | $10,657.31 |
| 58 | $10,657.31 | $158.98 | $0.00 | $60.26 | $10,876.55 |
| 59 | $10,876.55 | $158.98 | $0.00 | $61.50 | $11,097.03 |
| 60 | $11,097.03 | $158.98 | $0.00 | $62.74 | $11,318.75 |
| 61 | $11,318.75 | $158.98 | $0.00 | $64.00 | $11,541.73 |
| 62 | $11,541.73 | $158.98 | $0.00 | $65.26 | $11,765.97 |
| 63 | $11,765.97 | $158.98 | $0.00 | $66.53 | $11,991.48 |
| 64 | $11,991.48 | $158.98 | $0.00 | $67.80 | $12,218.26 |
| 65 | $12,218.26 | $158.98 | $0.00 | $69.08 | $12,446.32 |
| 66 | $12,446.32 | $158.98 | $0.00 | $70.37 | $12,675.67 |
| 67 | $12,675.67 | $158.98 | $0.00 | $71.67 | $12,906.32 |
| 68 | $12,906.32 | $158.98 | $0.00 | $72.97 | $13,138.27 |
| 69 | $13,138.27 | $158.98 | $0.00 | $74.29 | $13,371.54 |
| 70 | $13,371.54 | $158.98 | $0.00 | $75.60 | $13,606.12 |
| 71 | $13,606.12 | $158.98 | $0.00 | $76.93 | $13,842.03 |
| 72 | $13,842.03 | $158.98 | $0.00 | $78.26 | $14,079.27 |
| 73 | $14,079.27 | $158.98 | $0.00 | $79.61 | $14,317.86 |
| 74 | $14,317.86 | $158.98 | $0.00 | $80.96 | $14,557.80 |
| 75 | $14,557.80 | $158.98 | $0.00 | $82.31 | $14,799.09 |
| 76 | $14,799.09 | $158.98 | $0.00 | $83.68 | $15,041.75 |
| 77 | $15,041.75 | $158.98 | $0.00 | $85.05 | $15,285.78 |
| 78 | $15,285.78 | $158.98 | $0.00 | $86.43 | $15,531.19 |
| 79 | $15,531.19 | $158.98 | $0.00 | $87.82 | $15,777.99 |
| 80 | $15,777.99 | $158.98 | $0.00 | $89.21 | $16,026.18 |
| 81 | $16,026.18 | $158.98 | $0.00 | $90.61 | $16,275.77 |
| 82 | $16,275.77 | $158.98 | $0.00 | $92.03 | $16,526.78 |
| 83 | $16,526.78 | $158.98 | $0.00 | $93.44 | $16,779.20 |
| 84 | $16,779.20 | $158.98 | $0.00 | $94.87 | $17,033.05 |
| 85 | $17,033.05 | $158.98 | $0.00 | $96.31 | $17,288.34 |
| 86 | $17,288.34 | $158.98 | $0.00 | $97.75 | $17,545.07 |
| 87 | $17,545.07 | $158.98 | $0.00 | $99.20 | $17,803.25 |
| 88 | $17,803.25 | $158.98 | $0.00 | $100.66 | $18,062.89 |
| 89 | $18,062.89 | $158.98 | $0.00 | $102.13 | $18,324.00 |
| 90 | $18,324.00 | $158.98 | $0.00 | $103.61 | $18,586.59 |
| 91 | $18,586.59 | $158.98 | $0.00 | $105.09 | $18,850.66 |
| 92 | $18,850.66 | $158.98 | $0.00 | $106.58 | $19,116.22 |
| 93 | $19,116.22 | $158.98 | $0.00 | $108.09 | $19,383.29 |
| 94 | $19,383.29 | $158.98 | $0.00 | $109.60 | $19,651.87 |
| 95 | $19,651.87 | $158.98 | $0.00 | $111.11 | $19,921.96 |
| 96 | $19,921.96 | $158.98 | $0.00 | $112.64 | $20,193.58 |
| 97 | $20,193.58 | $158.98 | $0.00 | $114.18 | $20,466.74 |
| 98 | $20,466.74 | $158.98 | $0.00 | $115.72 | $20,741.44 |
| 99 | $20,741.44 | $158.98 | $0.00 | $117.28 | $21,017.70 |
| 100 | $21,017.70 | $158.98 | $0.00 | $118.84 | $21,295.52 |
| 101 | $21,295.52 | $158.98 | $0.00 | $120.41 | $21,574.91 |
| 102 | $21,574.91 | $158.98 | $0.00 | $121.99 | $21,855.88 |
| 103 | $21,855.88 | $158.98 | $0.00 | $123.58 | $22,138.44 |
| 104 | $22,138.44 | $158.98 | $0.00 | $125.17 | $22,422.59 |
| 105 | $22,422.59 | $158.98 | $0.00 | $126.78 | $22,708.35 |
| 106 | $22,708.35 | $158.98 | $0.00 | $128.40 | $22,995.73 |
| 107 | $22,995.73 | $158.98 | $0.00 | $130.02 | $23,284.73 |
| 108 | $23,284.73 | $158.98 | $0.00 | $131.66 | $23,575.37 |
| 109 | $23,575.37 | $158.98 | $0.00 | $133.30 | $23,867.65 |
| 110 | $23,867.65 | $158.98 | $0.00 | $134.95 | $24,161.58 |
| 111 | $24,161.58 | $158.98 | $0.00 | $136.61 | $24,457.17 |
| 112 | $24,457.17 | $158.98 | $0.00 | $138.28 | $24,754.43 |
| 113 | $24,754.43 | $158.98 | $0.00 | $139.97 | $25,053.38 |
| 114 | $25,053.38 | $158.98 | $0.00 | $141.66 | $25,354.02 |
| 115 | $25,354.02 | $158.98 | $0.00 | $143.36 | $25,656.36 |
| 116 | $25,656.36 | $158.98 | $0.00 | $145.06 | $25,960.40 |
| 117 | $25,960.40 | $158.98 | $0.00 | $146.78 | $26,266.16 |
| 118 | $26,266.16 | $158.98 | $0.00 | $148.51 | $26,573.65 |
| 119 | $26,573.65 | $158.98 | $0.00 | $150.25 | $26,882.88 |
| 120 | $26,882.88 | $158.98 | $0.00 | $152.00 | $27,193.86 |
| 121 | $27,193.86 | $158.98 | $0.00 | $153.76 | $27,506.60 |
| 122 | $27,506.60 | $158.98 | $0.00 | $155.53 | $27,821.11 |
| 123 | $27,821.11 | $158.98 | $0.00 | $157.30 | $28,137.39 |
| 124 | $28,137.39 | $158.98 | $0.00 | $159.09 | $28,455.46 |
| 125 | $28,455.46 | $158.98 | $0.00 | $160.89 | $28,775.33 |
| 126 | $28,775.33 | $158.98 | $0.00 | $162.70 | $29,097.01 |
| 127 | $29,097.01 | $158.98 | $0.00 | $164.52 | $29,420.51 |
| 128 | $29,420.51 | $158.98 | $0.00 | $166.35 | $29,745.84 |
| 129 | $29,745.84 | $158.98 | $0.00 | $168.19 | $30,073.01 |
| 130 | $30,073.01 | $158.98 | $0.00 | $170.04 | $30,402.03 |
| 131 | $30,402.03 | $158.98 | $0.00 | $171.90 | $30,732.91 |
| 132 | $30,732.91 | $158.98 | $0.00 | $173.77 | $31,065.66 |
| 133 | $31,065.66 | $158.98 | $0.00 | $175.65 | $31,400.29 |
| 134 | $31,400.29 | $158.98 | $0.00 | $177.54 | $31,736.81 |
| 135 | $31,736.81 | $158.98 | $0.00 | $179.44 | $32,075.23 |
| 136 | $32,075.23 | $158.98 | $0.00 | $181.36 | $32,415.57 |
| 137 | $32,415.57 | $158.98 | $0.00 | $183.28 | $32,757.83 |
| 138 | $32,757.83 | $158.98 | $0.00 | $185.22 | $33,102.03 |
| 139 | $33,102.03 | $158.98 | $0.00 | $187.16 | $33,448.17 |
| 140 | $33,448.17 | $158.98 | $0.00 | $189.12 | $33,796.27 |
| 141 | $33,796.27 | $158.98 | $0.00 | $191.09 | $34,146.34 |
| 142 | $34,146.34 | $158.98 | $0.00 | $193.07 | $34,498.39 |
| 143 | $34,498.39 | $158.98 | $0.00 | $195.06 | $34,852.43 |
| 144 | $34,852.43 | $158.98 | $0.00 | $197.06 | $35,208.47 |
| 145 | $35,208.47 | $158.98 | $0.00 | $199.07 | $35,566.52 |
| 146 | $35,566.52 | $158.98 | $0.00 | $201.10 | $35,926.60 |
| 147 | $35,926.60 | $158.98 | $0.00 | $203.13 | $36,288.71 |
| 148 | $36,288.71 | $158.98 | $0.00 | $205.18 | $36,652.87 |
| 149 | $36,652.87 | $158.98 | $0.00 | $207.24 | $37,019.09 |
| 150 | $37,019.09 | $158.98 | $0.00 | $209.31 | $37,387.38 |
| 151 | $37,387.38 | $158.98 | $0.00 | $211.39 | $37,757.75 |
| 152 | $37,757.75 | $158.98 | $0.00 | $213.49 | $38,130.22 |
| 153 | $38,130.22 | $158.98 | $0.00 | $215.59 | $38,504.79 |
| 154 | $38,504.79 | $158.98 | $0.00 | $217.71 | $38,881.48 |
| 155 | $38,881.48 | $158.98 | $0.00 | $219.84 | $39,260.30 |
| 156 | $39,260.30 | $158.98 | $0.00 | $221.98 | $39,641.26 |
| 157 | $39,641.26 | $158.98 | $0.00 | $224.14 | $40,024.38 |
| 158 | $40,024.38 | $158.98 | $0.00 | $226.30 | $40,409.66 |
| 159 | $40,409.66 | $158.98 | $0.00 | $228.48 | $40,797.12 |
| 160 | $40,797.12 | $158.98 | $0.00 | $230.67 | $41,186.77 |
| 161 | $41,186.77 | $158.98 | $0.00 | $232.88 | $41,578.63 |
| 162 | $41,578.63 | $158.98 | $0.00 | $235.09 | $41,972.70 |
| 163 | $41,972.70 | $158.98 | $0.00 | $237.32 | $42,369.00 |
| 164 | $42,369.00 | $158.98 | $0.00 | $239.56 | $42,767.54 |
| 165 | $42,767.54 | $158.98 | $0.00 | $241.81 | $43,168.33 |
| 166 | $43,168.33 | $158.98 | $0.00 | $244.08 | $43,571.39 |
| 167 | $43,571.39 | $158.98 | $0.00 | $246.36 | $43,976.73 |
| 168 | $43,976.73 | $158.98 | $0.00 | $248.65 | $44,384.36 |
| 169 | $44,384.36 | $158.98 | $0.00 | $250.96 | $44,794.30 |
| 170 | $44,794.30 | $158.98 | $0.00 | $253.27 | $45,206.55 |
| 171 | $45,206.55 | $158.98 | $0.00 | $255.60 | $45,621.13 |
| 172 | $45,621.13 | $158.98 | $0.00 | $257.95 | $46,038.06 |
| 173 | $46,038.06 | $158.98 | $0.00 | $260.31 | $46,457.35 |
| 174 | $46,457.35 | $158.98 | $0.00 | $262.68 | $46,879.01 |
| 175 | $46,879.01 | $158.98 | $0.00 | $265.06 | $47,303.05 |
| 176 | $47,303.05 | $158.98 | $0.00 | $267.46 | $47,729.49 |
| 177 | $47,729.49 | $158.98 | $0.00 | $269.87 | $48,158.34 |
| 178 | $48,158.34 | $158.98 | $0.00 | $272.29 | $48,589.61 |
| 179 | $48,589.61 | $158.98 | $0.00 | $274.73 | $49,023.32 |
| 180 | $49,023.32 | $158.98 | $0.00 | $277.18 | $49,459.48 |
| 181 | $49,459.48 | $158.98 | $0.00 | $279.65 | $49,898.11 |
| 182 | $49,898.11 | $158.98 | $0.00 | $282.13 | $50,339.22 |
| 183 | $50,339.22 | $158.98 | $0.00 | $284.63 | $50,782.83 |
| 184 | $50,782.83 | $158.98 | $0.00 | $287.13 | $51,228.94 |
| 185 | $51,228.94 | $158.98 | $0.00 | $289.66 | $51,677.58 |
| 186 | $51,677.58 | $158.98 | $0.00 | $292.19 | $52,128.75 |
| 187 | $52,128.75 | $158.98 | $0.00 | $294.74 | $52,582.47 |
| 188 | $52,582.47 | $158.98 | $0.00 | $297.31 | $53,038.76 |
| 189 | $53,038.76 | $158.98 | $0.00 | $299.89 | $53,497.63 |
| 190 | $53,497.63 | $158.98 | $0.00 | $302.48 | $53,959.09 |
| 191 | $53,959.09 | $158.98 | $0.00 | $305.09 | $54,423.16 |
| 192 | $54,423.16 | $158.98 | $0.00 | $307.72 | $54,889.86 |
| 193 | $54,889.86 | $158.98 | $0.00 | $310.36 | $55,359.20 |
| 194 | $55,359.20 | $158.98 | $0.00 | $313.01 | $55,831.19 |
| 195 | $55,831.19 | $158.98 | $0.00 | $315.68 | $56,305.85 |
| 196 | $56,305.85 | $158.98 | $0.00 | $318.36 | $56,783.19 |
| 197 | $56,783.19 | $158.98 | $0.00 | $321.06 | $57,263.23 |
| 198 | $57,263.23 | $158.98 | $0.00 | $323.77 | $57,745.98 |
| 199 | $57,745.98 | $158.98 | $0.00 | $326.50 | $58,231.46 |
| 200 | $58,231.46 | $158.98 | $0.00 | $329.25 | $58,719.69 |
| 201 | $58,719.69 | $158.98 | $0.00 | $332.01 | $59,210.68 |
| 202 | $59,210.68 | $158.98 | $0.00 | $334.79 | $59,704.45 |
| 203 | $59,704.45 | $158.98 | $0.00 | $337.58 | $60,201.01 |
| 204 | $60,201.01 | $158.98 | $0.00 | $340.39 | $60,700.38 |
| 205 | $60,700.38 | $158.98 | $0.00 | $343.21 | $61,202.57 |
| 206 | $61,202.57 | $158.98 | $0.00 | $346.05 | $61,707.60 |
| 207 | $61,707.60 | $158.98 | $0.00 | $348.90 | $62,215.48 |
| 208 | $62,215.48 | $158.98 | $0.00 | $351.78 | $62,726.24 |
| 209 | $62,726.24 | $158.98 | $0.00 | $354.66 | $63,239.88 |
| 210 | $63,239.88 | $158.98 | $0.00 | $357.57 | $63,756.43 |
| 211 | $63,756.43 | $158.98 | $0.00 | $360.49 | $64,275.90 |
| 212 | $64,275.90 | $158.98 | $0.00 | $363.43 | $64,798.31 |
| 213 | $64,798.31 | $158.98 | $0.00 | $366.38 | $65,323.67 |
| 214 | $65,323.67 | $158.98 | $0.00 | $369.35 | $65,852.00 |
| 215 | $65,852.00 | $158.98 | $0.00 | $372.34 | $66,383.32 |
| 216 | $66,383.32 | $158.98 | $0.00 | $375.34 | $66,917.64 |
| 217 | $66,917.64 | $158.98 | $34,900.79 | $378.36 | $32,554.19 |
| 218 | $32,554.19 | $158.98 | $0.00 | $184.07 | $32,897.24 |
| 219 | $32,897.24 | $158.98 | $0.00 | $186.01 | $33,242.23 |
| 220 | $33,242.23 | $158.98 | $0.00 | $187.96 | $33,589.17 |
| 221 | $33,589.17 | $158.98 | $0.00 | $189.92 | $33,938.07 |
| 222 | $33,938.07 | $158.98 | $0.00 | $191.89 | $34,288.94 |
| 223 | $34,288.94 | $158.98 | $0.00 | $193.87 | $34,641.79 |
| 224 | $34,641.79 | $158.98 | $0.00 | $195.87 | $34,996.64 |
| 225 | $34,996.64 | $158.98 | $0.00 | $197.88 | $35,353.50 |
| 226 | $35,353.50 | $158.98 | $0.00 | $199.89 | $35,712.37 |
| 227 | $35,712.37 | $158.98 | $0.00 | $201.92 | $36,073.27 |
| 228 | $36,073.27 | $158.98 | $0.00 | $203.96 | $36,436.21 |
| 229 | $36,436.21 | $0.00 | $36,645.83 | $206.02 | ($3.60) |