Savings Plan and Future Cost Estimation for Frederick Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$68,369
Monthly savings required$304

How much will it cost to send your child to Frederick Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $136,738.81 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $303.76 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$19,544.00
Years until enrollment18
Annual Tuition Increase7%
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 $303.76 $0.00 $0.00 $303.76
2 $303.76 $303.76 $0.00 $1.72 $609.24
3 $609.24 $303.76 $0.00 $3.44 $916.44
4 $916.44 $303.76 $0.00 $5.18 $1,225.38
5 $1,225.38 $303.76 $0.00 $6.93 $1,536.07
6 $1,536.07 $303.76 $0.00 $8.69 $1,848.52
7 $1,848.52 $303.76 $0.00 $10.45 $2,162.73
8 $2,162.73 $303.76 $0.00 $12.23 $2,478.72
9 $2,478.72 $303.76 $0.00 $14.02 $2,796.50
10 $2,796.50 $303.76 $0.00 $15.81 $3,116.07
11 $3,116.07 $303.76 $0.00 $17.62 $3,437.45
12 $3,437.45 $303.76 $0.00 $19.44 $3,760.65
13 $3,760.65 $303.76 $0.00 $21.26 $4,085.67
14 $4,085.67 $303.76 $0.00 $23.10 $4,412.53
15 $4,412.53 $303.76 $0.00 $24.95 $4,741.24
16 $4,741.24 $303.76 $0.00 $26.81 $5,071.81
17 $5,071.81 $303.76 $0.00 $28.68 $5,404.25
18 $5,404.25 $303.76 $0.00 $30.56 $5,738.57
19 $5,738.57 $303.76 $0.00 $32.45 $6,074.78
20 $6,074.78 $303.76 $0.00 $34.35 $6,412.89
21 $6,412.89 $303.76 $0.00 $36.26 $6,752.91
22 $6,752.91 $303.76 $0.00 $38.18 $7,094.85
23 $7,094.85 $303.76 $0.00 $40.12 $7,438.73
24 $7,438.73 $303.76 $0.00 $42.06 $7,784.55
25 $7,784.55 $303.76 $0.00 $44.01 $8,132.32
26 $8,132.32 $303.76 $0.00 $45.98 $8,482.06
27 $8,482.06 $303.76 $0.00 $47.96 $8,833.78
28 $8,833.78 $303.76 $0.00 $49.95 $9,187.49
29 $9,187.49 $303.76 $0.00 $51.95 $9,543.20
30 $9,543.20 $303.76 $0.00 $53.96 $9,900.92
31 $9,900.92 $303.76 $0.00 $55.98 $10,260.66
32 $10,260.66 $303.76 $0.00 $58.02 $10,622.44
33 $10,622.44 $303.76 $0.00 $60.06 $10,986.26
34 $10,986.26 $303.76 $0.00 $62.12 $11,352.14
35 $11,352.14 $303.76 $0.00 $64.19 $11,720.09
36 $11,720.09 $303.76 $0.00 $66.27 $12,090.12
37 $12,090.12 $303.76 $0.00 $68.36 $12,462.24
38 $12,462.24 $303.76 $0.00 $70.46 $12,836.46
39 $12,836.46 $303.76 $0.00 $72.58 $13,212.80
40 $13,212.80 $303.76 $0.00 $74.71 $13,591.27
41 $13,591.27 $303.76 $0.00 $76.85 $13,971.88
42 $13,971.88 $303.76 $0.00 $79.00 $14,354.64
43 $14,354.64 $303.76 $0.00 $81.16 $14,739.56
44 $14,739.56 $303.76 $0.00 $83.34 $15,126.66
45 $15,126.66 $303.76 $0.00 $85.53 $15,515.95
46 $15,515.95 $303.76 $0.00 $87.73 $15,907.44
47 $15,907.44 $303.76 $0.00 $89.94 $16,301.14
48 $16,301.14 $303.76 $0.00 $92.17 $16,697.07
49 $16,697.07 $303.76 $0.00 $94.41 $17,095.24
50 $17,095.24 $303.76 $0.00 $96.66 $17,495.66
51 $17,495.66 $303.76 $0.00 $98.92 $17,898.34
52 $17,898.34 $303.76 $0.00 $101.20 $18,303.30
53 $18,303.30 $303.76 $0.00 $103.49 $18,710.55
54 $18,710.55 $303.76 $0.00 $105.79 $19,120.10
55 $19,120.10 $303.76 $0.00 $108.11 $19,531.97
56 $19,531.97 $303.76 $0.00 $110.44 $19,946.17
57 $19,946.17 $303.76 $0.00 $112.78 $20,362.71
58 $20,362.71 $303.76 $0.00 $115.13 $20,781.60
59 $20,781.60 $303.76 $0.00 $117.50 $21,202.86
60 $21,202.86 $303.76 $0.00 $119.88 $21,626.50
61 $21,626.50 $303.76 $0.00 $122.28 $22,052.54
62 $22,052.54 $303.76 $0.00 $124.69 $22,480.99
63 $22,480.99 $303.76 $0.00 $127.11 $22,911.86
64 $22,911.86 $303.76 $0.00 $129.55 $23,345.17
65 $23,345.17 $303.76 $0.00 $132.00 $23,780.93
66 $23,780.93 $303.76 $0.00 $134.46 $24,219.15
67 $24,219.15 $303.76 $0.00 $136.94 $24,659.85
68 $24,659.85 $303.76 $0.00 $139.43 $25,103.04
69 $25,103.04 $303.76 $0.00 $141.94 $25,548.74
70 $25,548.74 $303.76 $0.00 $144.46 $25,996.96
71 $25,996.96 $303.76 $0.00 $146.99 $26,447.71
72 $26,447.71 $303.76 $0.00 $149.54 $26,901.01
73 $26,901.01 $303.76 $0.00 $152.10 $27,356.87
74 $27,356.87 $303.76 $0.00 $154.68 $27,815.31
75 $27,815.31 $303.76 $0.00 $157.27 $28,276.34
76 $28,276.34 $303.76 $0.00 $159.88 $28,739.98
77 $28,739.98 $303.76 $0.00 $162.50 $29,206.24
78 $29,206.24 $303.76 $0.00 $165.14 $29,675.14
79 $29,675.14 $303.76 $0.00 $167.79 $30,146.69
80 $30,146.69 $303.76 $0.00 $170.45 $30,620.90
81 $30,620.90 $303.76 $0.00 $173.14 $31,097.80
82 $31,097.80 $303.76 $0.00 $175.83 $31,577.39
83 $31,577.39 $303.76 $0.00 $178.54 $32,059.69
84 $32,059.69 $303.76 $0.00 $181.27 $32,544.72
85 $32,544.72 $303.76 $0.00 $184.01 $33,032.49
86 $33,032.49 $303.76 $0.00 $186.77 $33,523.02
87 $33,523.02 $303.76 $0.00 $189.54 $34,016.32
88 $34,016.32 $303.76 $0.00 $192.33 $34,512.41
89 $34,512.41 $303.76 $0.00 $195.14 $35,011.31
90 $35,011.31 $303.76 $0.00 $197.96 $35,513.03
91 $35,513.03 $303.76 $0.00 $200.80 $36,017.59
92 $36,017.59 $303.76 $0.00 $203.65 $36,525.00
93 $36,525.00 $303.76 $0.00 $206.52 $37,035.28
94 $37,035.28 $303.76 $0.00 $209.40 $37,548.44
95 $37,548.44 $303.76 $0.00 $212.30 $38,064.50
96 $38,064.50 $303.76 $0.00 $215.22 $38,583.48
97 $38,583.48 $303.76 $0.00 $218.16 $39,105.40
98 $39,105.40 $303.76 $0.00 $221.11 $39,630.27
99 $39,630.27 $303.76 $0.00 $224.08 $40,158.11
100 $40,158.11 $303.76 $0.00 $227.06 $40,688.93
101 $40,688.93 $303.76 $0.00 $230.06 $41,222.75
102 $41,222.75 $303.76 $0.00 $233.08 $41,759.59
103 $41,759.59 $303.76 $0.00 $236.11 $42,299.46
104 $42,299.46 $303.76 $0.00 $239.17 $42,842.39
105 $42,842.39 $303.76 $0.00 $242.24 $43,388.39
106 $43,388.39 $303.76 $0.00 $245.32 $43,937.47
107 $43,937.47 $303.76 $0.00 $248.43 $44,489.66
108 $44,489.66 $303.76 $0.00 $251.55 $45,044.97
109 $45,044.97 $303.76 $0.00 $254.69 $45,603.42
110 $45,603.42 $303.76 $0.00 $257.85 $46,165.03
111 $46,165.03 $303.76 $0.00 $261.02 $46,729.81
112 $46,729.81 $303.76 $0.00 $264.22 $47,297.79
113 $47,297.79 $303.76 $0.00 $267.43 $47,868.98
114 $47,868.98 $303.76 $0.00 $270.66 $48,443.40
115 $48,443.40 $303.76 $0.00 $273.91 $49,021.07
116 $49,021.07 $303.76 $0.00 $277.17 $49,602.00
117 $49,602.00 $303.76 $0.00 $280.46 $50,186.22
118 $50,186.22 $303.76 $0.00 $283.76 $50,773.74
119 $50,773.74 $303.76 $0.00 $287.08 $51,364.58
120 $51,364.58 $303.76 $0.00 $290.42 $51,958.76
121 $51,958.76 $303.76 $0.00 $293.78 $52,556.30
122 $52,556.30 $303.76 $0.00 $297.16 $53,157.22
123 $53,157.22 $303.76 $0.00 $300.56 $53,761.54
124 $53,761.54 $303.76 $0.00 $303.98 $54,369.28
125 $54,369.28 $303.76 $0.00 $307.41 $54,980.45
126 $54,980.45 $303.76 $0.00 $310.87 $55,595.08
127 $55,595.08 $303.76 $0.00 $314.34 $56,213.18
128 $56,213.18 $303.76 $0.00 $317.84 $56,834.78
129 $56,834.78 $303.76 $0.00 $321.35 $57,459.89
130 $57,459.89 $303.76 $0.00 $324.89 $58,088.54
131 $58,088.54 $303.76 $0.00 $328.44 $58,720.74
132 $58,720.74 $303.76 $0.00 $332.02 $59,356.52
133 $59,356.52 $303.76 $0.00 $335.61 $59,995.89
134 $59,995.89 $303.76 $0.00 $339.23 $60,638.88
135 $60,638.88 $303.76 $0.00 $342.86 $61,285.50
136 $61,285.50 $303.76 $0.00 $346.52 $61,935.78
137 $61,935.78 $303.76 $0.00 $350.19 $62,589.73
138 $62,589.73 $303.76 $0.00 $353.89 $63,247.38
139 $63,247.38 $303.76 $0.00 $357.61 $63,908.75
140 $63,908.75 $303.76 $0.00 $361.35 $64,573.86
141 $64,573.86 $303.76 $0.00 $365.11 $65,242.73
142 $65,242.73 $303.76 $0.00 $368.89 $65,915.38
143 $65,915.38 $303.76 $0.00 $372.70 $66,591.84
144 $66,591.84 $303.76 $0.00 $376.52 $67,272.12
145 $67,272.12 $303.76 $0.00 $380.37 $67,956.25
146 $67,956.25 $303.76 $0.00 $384.23 $68,644.24
147 $68,644.24 $303.76 $0.00 $388.12 $69,336.12
148 $69,336.12 $303.76 $0.00 $392.04 $70,031.92
149 $70,031.92 $303.76 $0.00 $395.97 $70,731.65
150 $70,731.65 $303.76 $0.00 $399.93 $71,435.34
151 $71,435.34 $303.76 $0.00 $403.91 $72,143.01
152 $72,143.01 $303.76 $0.00 $407.91 $72,854.68
153 $72,854.68 $303.76 $0.00 $411.93 $73,570.37
154 $73,570.37 $303.76 $0.00 $415.98 $74,290.11
155 $74,290.11 $303.76 $0.00 $420.05 $75,013.92
156 $75,013.92 $303.76 $0.00 $424.14 $75,741.82
157 $75,741.82 $303.76 $0.00 $428.26 $76,473.84
158 $76,473.84 $303.76 $0.00 $432.39 $77,209.99
159 $77,209.99 $303.76 $0.00 $436.56 $77,950.31
160 $77,950.31 $303.76 $0.00 $440.74 $78,694.81
161 $78,694.81 $303.76 $0.00 $444.95 $79,443.52
162 $79,443.52 $303.76 $0.00 $449.19 $80,196.47
163 $80,196.47 $303.76 $0.00 $453.44 $80,953.67
164 $80,953.67 $303.76 $0.00 $457.72 $81,715.15
165 $81,715.15 $303.76 $0.00 $462.03 $82,480.94
166 $82,480.94 $303.76 $0.00 $466.36 $83,251.06
167 $83,251.06 $303.76 $0.00 $470.71 $84,025.53
168 $84,025.53 $303.76 $0.00 $475.09 $84,804.38
169 $84,804.38 $303.76 $0.00 $479.50 $85,587.64
170 $85,587.64 $303.76 $0.00 $483.92 $86,375.32
171 $86,375.32 $303.76 $0.00 $488.38 $87,167.46
172 $87,167.46 $303.76 $0.00 $492.86 $87,964.08
173 $87,964.08 $303.76 $0.00 $497.36 $88,765.20
174 $88,765.20 $303.76 $0.00 $501.89 $89,570.85
175 $89,570.85 $303.76 $0.00 $506.45 $90,381.06
176 $90,381.06 $303.76 $0.00 $511.03 $91,195.85
177 $91,195.85 $303.76 $0.00 $515.63 $92,015.24
178 $92,015.24 $303.76 $0.00 $520.27 $92,839.27
179 $92,839.27 $303.76 $0.00 $524.93 $93,667.96
180 $93,667.96 $303.76 $0.00 $529.61 $94,501.33
181 $94,501.33 $303.76 $0.00 $534.32 $95,339.41
182 $95,339.41 $303.76 $0.00 $539.06 $96,182.23
183 $96,182.23 $303.76 $0.00 $543.83 $97,029.82
184 $97,029.82 $303.76 $0.00 $548.62 $97,882.20
185 $97,882.20 $303.76 $0.00 $553.44 $98,739.40
186 $98,739.40 $303.76 $0.00 $558.29 $99,601.45
187 $99,601.45 $303.76 $0.00 $563.16 $100,468.37
188 $100,468.37 $303.76 $0.00 $568.06 $101,340.19
189 $101,340.19 $303.76 $0.00 $572.99 $102,216.94
190 $102,216.94 $303.76 $0.00 $577.95 $103,098.65
191 $103,098.65 $303.76 $0.00 $582.93 $103,985.34
192 $103,985.34 $303.76 $0.00 $587.95 $104,877.05
193 $104,877.05 $303.76 $0.00 $592.99 $105,773.80
194 $105,773.80 $303.76 $0.00 $598.06 $106,675.62
195 $106,675.62 $303.76 $0.00 $603.16 $107,582.54
196 $107,582.54 $303.76 $0.00 $608.29 $108,494.59
197 $108,494.59 $303.76 $0.00 $613.44 $109,411.79
198 $109,411.79 $303.76 $0.00 $618.63 $110,334.18
199 $110,334.18 $303.76 $0.00 $623.85 $111,261.79
200 $111,261.79 $303.76 $0.00 $629.09 $112,194.64
201 $112,194.64 $303.76 $0.00 $634.36 $113,132.76
202 $113,132.76 $303.76 $0.00 $639.67 $114,076.19
203 $114,076.19 $303.76 $0.00 $645.00 $115,024.95
204 $115,024.95 $303.76 $0.00 $650.37 $115,979.08
205 $115,979.08 $303.76 $0.00 $655.76 $116,938.60
206 $116,938.60 $303.76 $0.00 $661.19 $117,903.55
207 $117,903.55 $303.76 $0.00 $666.64 $118,873.95
208 $118,873.95 $303.76 $0.00 $672.13 $119,849.84
209 $119,849.84 $303.76 $0.00 $677.65 $120,831.25
210 $120,831.25 $303.76 $0.00 $683.20 $121,818.21
211 $121,818.21 $303.76 $0.00 $688.78 $122,810.75
212 $122,810.75 $303.76 $0.00 $694.39 $123,808.90
213 $123,808.90 $303.76 $0.00 $700.03 $124,812.69
214 $124,812.69 $303.76 $0.00 $705.71 $125,822.16
215 $125,822.16 $303.76 $0.00 $711.42 $126,837.34
216 $126,837.34 $303.76 $0.00 $717.16 $127,858.26
217 $127,858.26 $303.76 $66,057.40 $722.93 $62,827.55
218 $62,827.55 $303.76 $0.00 $355.24 $63,486.55
219 $63,486.55 $303.76 $0.00 $358.96 $64,149.27
220 $64,149.27 $303.76 $0.00 $362.71 $64,815.74
221 $64,815.74 $303.76 $0.00 $366.48 $65,485.98
222 $65,485.98 $303.76 $0.00 $370.27 $66,160.01
223 $66,160.01 $303.76 $0.00 $374.08 $66,837.85
224 $66,837.85 $303.76 $0.00 $377.91 $67,519.52
225 $67,519.52 $303.76 $0.00 $381.77 $68,205.05
226 $68,205.05 $303.76 $0.00 $385.64 $68,894.45
227 $68,894.45 $303.76 $0.00 $389.54 $69,587.75
228 $69,587.75 $303.76 $0.00 $393.46 $70,284.97
229 $70,284.97 $0.00 $70,681.41 $397.40 $0.96