Savings Plan and Future Cost Estimation for The Community College of Baltimore County

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$55,441
Monthly savings required$246

How much will it cost to send your child to The Community College of Baltimore County in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $110,881.97 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $246.40 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$22,475.00
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 $246.40 $0.00 $0.00 $246.40
2 $246.40 $246.40 $0.00 $1.39 $494.19
3 $494.19 $246.40 $0.00 $2.79 $743.38
4 $743.38 $246.40 $0.00 $4.20 $993.98
5 $993.98 $246.40 $0.00 $5.62 $1,246.00
6 $1,246.00 $246.40 $0.00 $7.05 $1,499.45
7 $1,499.45 $246.40 $0.00 $8.48 $1,754.33
8 $1,754.33 $246.40 $0.00 $9.92 $2,010.65
9 $2,010.65 $246.40 $0.00 $11.37 $2,268.42
10 $2,268.42 $246.40 $0.00 $12.83 $2,527.65
11 $2,527.65 $246.40 $0.00 $14.29 $2,788.34
12 $2,788.34 $246.40 $0.00 $15.77 $3,050.51
13 $3,050.51 $246.40 $0.00 $17.25 $3,314.16
14 $3,314.16 $246.40 $0.00 $18.74 $3,579.30
15 $3,579.30 $246.40 $0.00 $20.24 $3,845.94
16 $3,845.94 $246.40 $0.00 $21.75 $4,114.09
17 $4,114.09 $246.40 $0.00 $23.26 $4,383.75
18 $4,383.75 $246.40 $0.00 $24.79 $4,654.94
19 $4,654.94 $246.40 $0.00 $26.32 $4,927.66
20 $4,927.66 $246.40 $0.00 $27.86 $5,201.92
21 $5,201.92 $246.40 $0.00 $29.41 $5,477.73
22 $5,477.73 $246.40 $0.00 $30.97 $5,755.10
23 $5,755.10 $246.40 $0.00 $32.54 $6,034.04
24 $6,034.04 $246.40 $0.00 $34.12 $6,314.56
25 $6,314.56 $246.40 $0.00 $35.70 $6,596.66
26 $6,596.66 $246.40 $0.00 $37.30 $6,880.36
27 $6,880.36 $246.40 $0.00 $38.90 $7,165.66
28 $7,165.66 $246.40 $0.00 $40.52 $7,452.58
29 $7,452.58 $246.40 $0.00 $42.14 $7,741.12
30 $7,741.12 $246.40 $0.00 $43.77 $8,031.29
31 $8,031.29 $246.40 $0.00 $45.41 $8,323.10
32 $8,323.10 $246.40 $0.00 $47.06 $8,616.56
33 $8,616.56 $246.40 $0.00 $48.72 $8,911.68
34 $8,911.68 $246.40 $0.00 $50.39 $9,208.47
35 $9,208.47 $246.40 $0.00 $52.07 $9,506.94
36 $9,506.94 $246.40 $0.00 $53.75 $9,807.09
37 $9,807.09 $246.40 $0.00 $55.45 $10,108.94
38 $10,108.94 $246.40 $0.00 $57.16 $10,412.50
39 $10,412.50 $246.40 $0.00 $58.87 $10,717.77
40 $10,717.77 $246.40 $0.00 $60.60 $11,024.77
41 $11,024.77 $246.40 $0.00 $62.34 $11,333.51
42 $11,333.51 $246.40 $0.00 $64.08 $11,643.99
43 $11,643.99 $246.40 $0.00 $65.84 $11,956.23
44 $11,956.23 $246.40 $0.00 $67.60 $12,270.23
45 $12,270.23 $246.40 $0.00 $69.38 $12,586.01
46 $12,586.01 $246.40 $0.00 $71.16 $12,903.57
47 $12,903.57 $246.40 $0.00 $72.96 $13,222.93
48 $13,222.93 $246.40 $0.00 $74.76 $13,544.09
49 $13,544.09 $246.40 $0.00 $76.58 $13,867.07
50 $13,867.07 $246.40 $0.00 $78.41 $14,191.88
51 $14,191.88 $246.40 $0.00 $80.24 $14,518.52
52 $14,518.52 $246.40 $0.00 $82.09 $14,847.01
53 $14,847.01 $246.40 $0.00 $83.95 $15,177.36
54 $15,177.36 $246.40 $0.00 $85.82 $15,509.58
55 $15,509.58 $246.40 $0.00 $87.69 $15,843.67
56 $15,843.67 $246.40 $0.00 $89.58 $16,179.65
57 $16,179.65 $246.40 $0.00 $91.48 $16,517.53
58 $16,517.53 $246.40 $0.00 $93.39 $16,857.32
59 $16,857.32 $246.40 $0.00 $95.31 $17,199.03
60 $17,199.03 $246.40 $0.00 $97.25 $17,542.68
61 $17,542.68 $246.40 $0.00 $99.19 $17,888.27
62 $17,888.27 $246.40 $0.00 $101.14 $18,235.81
63 $18,235.81 $246.40 $0.00 $103.11 $18,585.32
64 $18,585.32 $246.40 $0.00 $105.08 $18,936.80
65 $18,936.80 $246.40 $0.00 $107.07 $19,290.27
66 $19,290.27 $246.40 $0.00 $109.07 $19,645.74
67 $19,645.74 $246.40 $0.00 $111.08 $20,003.22
68 $20,003.22 $246.40 $0.00 $113.10 $20,362.72
69 $20,362.72 $246.40 $0.00 $115.13 $20,724.25
70 $20,724.25 $246.40 $0.00 $117.18 $21,087.83
71 $21,087.83 $246.40 $0.00 $119.23 $21,453.46
72 $21,453.46 $246.40 $0.00 $121.30 $21,821.16
73 $21,821.16 $246.40 $0.00 $123.38 $22,190.94
74 $22,190.94 $246.40 $0.00 $125.47 $22,562.81
75 $22,562.81 $246.40 $0.00 $127.57 $22,936.78
76 $22,936.78 $246.40 $0.00 $129.69 $23,312.87
77 $23,312.87 $246.40 $0.00 $131.81 $23,691.08
78 $23,691.08 $246.40 $0.00 $133.95 $24,071.43
79 $24,071.43 $246.40 $0.00 $136.10 $24,453.93
80 $24,453.93 $246.40 $0.00 $138.27 $24,838.60
81 $24,838.60 $246.40 $0.00 $140.44 $25,225.44
82 $25,225.44 $246.40 $0.00 $142.63 $25,614.47
83 $25,614.47 $246.40 $0.00 $144.83 $26,005.70
84 $26,005.70 $246.40 $0.00 $147.04 $26,399.14
85 $26,399.14 $246.40 $0.00 $149.26 $26,794.80
86 $26,794.80 $246.40 $0.00 $151.50 $27,192.70
87 $27,192.70 $246.40 $0.00 $153.75 $27,592.85
88 $27,592.85 $246.40 $0.00 $156.01 $27,995.26
89 $27,995.26 $246.40 $0.00 $158.29 $28,399.95
90 $28,399.95 $246.40 $0.00 $160.58 $28,806.93
91 $28,806.93 $246.40 $0.00 $162.88 $29,216.21
92 $29,216.21 $246.40 $0.00 $165.19 $29,627.80
93 $29,627.80 $246.40 $0.00 $167.52 $30,041.72
94 $30,041.72 $246.40 $0.00 $169.86 $30,457.98
95 $30,457.98 $246.40 $0.00 $172.21 $30,876.59
96 $30,876.59 $246.40 $0.00 $174.58 $31,297.57
97 $31,297.57 $246.40 $0.00 $176.96 $31,720.93
98 $31,720.93 $246.40 $0.00 $179.35 $32,146.68
99 $32,146.68 $246.40 $0.00 $181.76 $32,574.84
100 $32,574.84 $246.40 $0.00 $184.18 $33,005.42
101 $33,005.42 $246.40 $0.00 $186.62 $33,438.44
102 $33,438.44 $246.40 $0.00 $189.07 $33,873.91
103 $33,873.91 $246.40 $0.00 $191.53 $34,311.84
104 $34,311.84 $246.40 $0.00 $194.00 $34,752.24
105 $34,752.24 $246.40 $0.00 $196.49 $35,195.13
106 $35,195.13 $246.40 $0.00 $199.00 $35,640.53
107 $35,640.53 $246.40 $0.00 $201.52 $36,088.45
108 $36,088.45 $246.40 $0.00 $204.05 $36,538.90
109 $36,538.90 $246.40 $0.00 $206.60 $36,991.90
110 $36,991.90 $246.40 $0.00 $209.16 $37,447.46
111 $37,447.46 $246.40 $0.00 $211.73 $37,905.59
112 $37,905.59 $246.40 $0.00 $214.32 $38,366.31
113 $38,366.31 $246.40 $0.00 $216.93 $38,829.64
114 $38,829.64 $246.40 $0.00 $219.55 $39,295.59
115 $39,295.59 $246.40 $0.00 $222.18 $39,764.17
116 $39,764.17 $246.40 $0.00 $224.83 $40,235.40
117 $40,235.40 $246.40 $0.00 $227.50 $40,709.30
118 $40,709.30 $246.40 $0.00 $230.18 $41,185.88
119 $41,185.88 $246.40 $0.00 $232.87 $41,665.15
120 $41,665.15 $246.40 $0.00 $235.58 $42,147.13
121 $42,147.13 $246.40 $0.00 $238.31 $42,631.84
122 $42,631.84 $246.40 $0.00 $241.05 $43,119.29
123 $43,119.29 $246.40 $0.00 $243.80 $43,609.49
124 $43,609.49 $246.40 $0.00 $246.57 $44,102.46
125 $44,102.46 $246.40 $0.00 $249.36 $44,598.22
126 $44,598.22 $246.40 $0.00 $252.16 $45,096.78
127 $45,096.78 $246.40 $0.00 $254.98 $45,598.16
128 $45,598.16 $246.40 $0.00 $257.82 $46,102.38
129 $46,102.38 $246.40 $0.00 $260.67 $46,609.45
130 $46,609.45 $246.40 $0.00 $263.54 $47,119.39
131 $47,119.39 $246.40 $0.00 $266.42 $47,632.21
132 $47,632.21 $246.40 $0.00 $269.32 $48,147.93
133 $48,147.93 $246.40 $0.00 $272.24 $48,666.57
134 $48,666.57 $246.40 $0.00 $275.17 $49,188.14
135 $49,188.14 $246.40 $0.00 $278.12 $49,712.66
136 $49,712.66 $246.40 $0.00 $281.08 $50,240.14
137 $50,240.14 $246.40 $0.00 $284.07 $50,770.61
138 $50,770.61 $246.40 $0.00 $287.06 $51,304.07
139 $51,304.07 $246.40 $0.00 $290.08 $51,840.55
140 $51,840.55 $246.40 $0.00 $293.11 $52,380.06
141 $52,380.06 $246.40 $0.00 $296.16 $52,922.62
142 $52,922.62 $246.40 $0.00 $299.23 $53,468.25
143 $53,468.25 $246.40 $0.00 $302.32 $54,016.97
144 $54,016.97 $246.40 $0.00 $305.42 $54,568.79
145 $54,568.79 $246.40 $0.00 $308.54 $55,123.73
146 $55,123.73 $246.40 $0.00 $311.68 $55,681.81
147 $55,681.81 $246.40 $0.00 $314.83 $56,243.04
148 $56,243.04 $246.40 $0.00 $318.01 $56,807.45
149 $56,807.45 $246.40 $0.00 $321.20 $57,375.05
150 $57,375.05 $246.40 $0.00 $324.41 $57,945.86
151 $57,945.86 $246.40 $0.00 $327.63 $58,519.89
152 $58,519.89 $246.40 $0.00 $330.88 $59,097.17
153 $59,097.17 $246.40 $0.00 $334.14 $59,677.71
154 $59,677.71 $246.40 $0.00 $337.43 $60,261.54
155 $60,261.54 $246.40 $0.00 $340.73 $60,848.67
156 $60,848.67 $246.40 $0.00 $344.05 $61,439.12
157 $61,439.12 $246.40 $0.00 $347.39 $62,032.91
158 $62,032.91 $246.40 $0.00 $350.74 $62,630.05
159 $62,630.05 $246.40 $0.00 $354.12 $63,230.57
160 $63,230.57 $246.40 $0.00 $357.51 $63,834.48
161 $63,834.48 $246.40 $0.00 $360.93 $64,441.81
162 $64,441.81 $246.40 $0.00 $364.36 $65,052.57
163 $65,052.57 $246.40 $0.00 $367.82 $65,666.79
164 $65,666.79 $246.40 $0.00 $371.29 $66,284.48
165 $66,284.48 $246.40 $0.00 $374.78 $66,905.66
166 $66,905.66 $246.40 $0.00 $378.29 $67,530.35
167 $67,530.35 $246.40 $0.00 $381.83 $68,158.58
168 $68,158.58 $246.40 $0.00 $385.38 $68,790.36
169 $68,790.36 $246.40 $0.00 $388.95 $69,425.71
170 $69,425.71 $246.40 $0.00 $392.54 $70,064.65
171 $70,064.65 $246.40 $0.00 $396.16 $70,707.21
172 $70,707.21 $246.40 $0.00 $399.79 $71,353.40
173 $71,353.40 $246.40 $0.00 $403.44 $72,003.24
174 $72,003.24 $246.40 $0.00 $407.12 $72,656.76
175 $72,656.76 $246.40 $0.00 $410.81 $73,313.97
176 $73,313.97 $246.40 $0.00 $414.53 $73,974.90
177 $73,974.90 $246.40 $0.00 $418.26 $74,639.56
178 $74,639.56 $246.40 $0.00 $422.02 $75,307.98
179 $75,307.98 $246.40 $0.00 $425.80 $75,980.18
180 $75,980.18 $246.40 $0.00 $429.60 $76,656.18
181 $76,656.18 $246.40 $0.00 $433.43 $77,336.01
182 $77,336.01 $246.40 $0.00 $437.27 $78,019.68
183 $78,019.68 $246.40 $0.00 $441.13 $78,707.21
184 $78,707.21 $246.40 $0.00 $445.02 $79,398.63
185 $79,398.63 $246.40 $0.00 $448.93 $80,093.96
186 $80,093.96 $246.40 $0.00 $452.86 $80,793.22
187 $80,793.22 $246.40 $0.00 $456.82 $81,496.44
188 $81,496.44 $246.40 $0.00 $460.79 $82,203.63
189 $82,203.63 $246.40 $0.00 $464.79 $82,914.82
190 $82,914.82 $246.40 $0.00 $468.81 $83,630.03
191 $83,630.03 $246.40 $0.00 $472.86 $84,349.29
192 $84,349.29 $246.40 $0.00 $476.92 $85,072.61
193 $85,072.61 $246.40 $0.00 $481.01 $85,800.02
194 $85,800.02 $246.40 $0.00 $485.13 $86,531.55
195 $86,531.55 $246.40 $0.00 $489.26 $87,267.21
196 $87,267.21 $246.40 $0.00 $493.42 $88,007.03
197 $88,007.03 $246.40 $0.00 $497.60 $88,751.03
198 $88,751.03 $246.40 $0.00 $501.81 $89,499.24
199 $89,499.24 $246.40 $0.00 $506.04 $90,251.68
200 $90,251.68 $246.40 $0.00 $510.30 $91,008.38
201 $91,008.38 $246.40 $0.00 $514.57 $91,769.35
202 $91,769.35 $246.40 $0.00 $518.88 $92,534.63
203 $92,534.63 $246.40 $0.00 $523.20 $93,304.23
204 $93,304.23 $246.40 $0.00 $527.56 $94,078.19
205 $94,078.19 $246.40 $0.00 $531.93 $94,856.52
206 $94,856.52 $246.40 $0.00 $536.33 $95,639.25
207 $95,639.25 $246.40 $0.00 $540.76 $96,426.41
208 $96,426.41 $246.40 $0.00 $545.21 $97,218.02
209 $97,218.02 $246.40 $0.00 $549.68 $98,014.10
210 $98,014.10 $246.40 $0.00 $554.19 $98,814.69
211 $98,814.69 $246.40 $0.00 $558.71 $99,619.80
212 $99,619.80 $246.40 $0.00 $563.26 $100,429.46
213 $100,429.46 $246.40 $0.00 $567.84 $101,243.70
214 $101,243.70 $246.40 $0.00 $572.45 $102,062.55
215 $102,062.55 $246.40 $0.00 $577.08 $102,886.03
216 $102,886.03 $246.40 $0.00 $581.73 $103,714.16
217 $103,714.16 $246.40 $54,088.77 $586.41 $50,458.20
218 $50,458.20 $246.40 $0.00 $285.30 $50,989.90
219 $50,989.90 $246.40 $0.00 $288.30 $51,524.60
220 $51,524.60 $246.40 $0.00 $291.33 $52,062.33
221 $52,062.33 $246.40 $0.00 $294.37 $52,603.10
222 $52,603.10 $246.40 $0.00 $297.43 $53,146.93
223 $53,146.93 $246.40 $0.00 $300.50 $53,693.83
224 $53,693.83 $246.40 $0.00 $303.59 $54,243.82
225 $54,243.82 $246.40 $0.00 $306.70 $54,796.92
226 $54,796.92 $246.40 $0.00 $309.83 $55,353.15
227 $55,353.15 $246.40 $0.00 $312.97 $55,912.52
228 $55,912.52 $246.40 $0.00 $316.14 $56,475.06
229 $56,475.06 $0.00 $56,793.21 $319.32 $1.17