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 2039$54,992
Monthly savings required$244

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 $109,984.06 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $244.40 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$22,293.00
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 $244.40 $0.00 $0.00 $244.40
2 $244.40 $244.40 $0.00 $1.38 $490.18
3 $490.18 $244.40 $0.00 $2.77 $737.35
4 $737.35 $244.40 $0.00 $4.17 $985.92
5 $985.92 $244.40 $0.00 $5.57 $1,235.89
6 $1,235.89 $244.40 $0.00 $6.99 $1,487.28
7 $1,487.28 $244.40 $0.00 $8.41 $1,740.09
8 $1,740.09 $244.40 $0.00 $9.84 $1,994.33
9 $1,994.33 $244.40 $0.00 $11.28 $2,250.01
10 $2,250.01 $244.40 $0.00 $12.72 $2,507.13
11 $2,507.13 $244.40 $0.00 $14.18 $2,765.71
12 $2,765.71 $244.40 $0.00 $15.64 $3,025.75
13 $3,025.75 $244.40 $0.00 $17.11 $3,287.26
14 $3,287.26 $244.40 $0.00 $18.59 $3,550.25
15 $3,550.25 $244.40 $0.00 $20.07 $3,814.72
16 $3,814.72 $244.40 $0.00 $21.57 $4,080.69
17 $4,080.69 $244.40 $0.00 $23.07 $4,348.16
18 $4,348.16 $244.40 $0.00 $24.59 $4,617.15
19 $4,617.15 $244.40 $0.00 $26.11 $4,887.66
20 $4,887.66 $244.40 $0.00 $27.64 $5,159.70
21 $5,159.70 $244.40 $0.00 $29.17 $5,433.27
22 $5,433.27 $244.40 $0.00 $30.72 $5,708.39
23 $5,708.39 $244.40 $0.00 $32.28 $5,985.07
24 $5,985.07 $244.40 $0.00 $33.84 $6,263.31
25 $6,263.31 $244.40 $0.00 $35.41 $6,543.12
26 $6,543.12 $244.40 $0.00 $37.00 $6,824.52
27 $6,824.52 $244.40 $0.00 $38.59 $7,107.51
28 $7,107.51 $244.40 $0.00 $40.19 $7,392.10
29 $7,392.10 $244.40 $0.00 $41.80 $7,678.30
30 $7,678.30 $244.40 $0.00 $43.41 $7,966.11
31 $7,966.11 $244.40 $0.00 $45.04 $8,255.55
32 $8,255.55 $244.40 $0.00 $46.68 $8,546.63
33 $8,546.63 $244.40 $0.00 $48.32 $8,839.35
34 $8,839.35 $244.40 $0.00 $49.98 $9,133.73
35 $9,133.73 $244.40 $0.00 $51.64 $9,429.77
36 $9,429.77 $244.40 $0.00 $53.32 $9,727.49
37 $9,727.49 $244.40 $0.00 $55.00 $10,026.89
38 $10,026.89 $244.40 $0.00 $56.69 $10,327.98
39 $10,327.98 $244.40 $0.00 $58.40 $10,630.78
40 $10,630.78 $244.40 $0.00 $60.11 $10,935.29
41 $10,935.29 $244.40 $0.00 $61.83 $11,241.52
42 $11,241.52 $244.40 $0.00 $63.56 $11,549.48
43 $11,549.48 $244.40 $0.00 $65.30 $11,859.18
44 $11,859.18 $244.40 $0.00 $67.05 $12,170.63
45 $12,170.63 $244.40 $0.00 $68.81 $12,483.84
46 $12,483.84 $244.40 $0.00 $70.59 $12,798.83
47 $12,798.83 $244.40 $0.00 $72.37 $13,115.60
48 $13,115.60 $244.40 $0.00 $74.16 $13,434.16
49 $13,434.16 $244.40 $0.00 $75.96 $13,754.52
50 $13,754.52 $244.40 $0.00 $77.77 $14,076.69
51 $14,076.69 $244.40 $0.00 $79.59 $14,400.68
52 $14,400.68 $244.40 $0.00 $81.42 $14,726.50
53 $14,726.50 $244.40 $0.00 $83.27 $15,054.17
54 $15,054.17 $244.40 $0.00 $85.12 $15,383.69
55 $15,383.69 $244.40 $0.00 $86.98 $15,715.07
56 $15,715.07 $244.40 $0.00 $88.86 $16,048.33
57 $16,048.33 $244.40 $0.00 $90.74 $16,383.47
58 $16,383.47 $244.40 $0.00 $92.63 $16,720.50
59 $16,720.50 $244.40 $0.00 $94.54 $17,059.44
60 $17,059.44 $244.40 $0.00 $96.46 $17,400.30
61 $17,400.30 $244.40 $0.00 $98.38 $17,743.08
62 $17,743.08 $244.40 $0.00 $100.32 $18,087.80
63 $18,087.80 $244.40 $0.00 $102.27 $18,434.47
64 $18,434.47 $244.40 $0.00 $104.23 $18,783.10
65 $18,783.10 $244.40 $0.00 $106.20 $19,133.70
66 $19,133.70 $244.40 $0.00 $108.18 $19,486.28
67 $19,486.28 $244.40 $0.00 $110.18 $19,840.86
68 $19,840.86 $244.40 $0.00 $112.18 $20,197.44
69 $20,197.44 $244.40 $0.00 $114.20 $20,556.04
70 $20,556.04 $244.40 $0.00 $116.23 $20,916.67
71 $20,916.67 $244.40 $0.00 $118.27 $21,279.34
72 $21,279.34 $244.40 $0.00 $120.32 $21,644.06
73 $21,644.06 $244.40 $0.00 $122.38 $22,010.84
74 $22,010.84 $244.40 $0.00 $124.45 $22,379.69
75 $22,379.69 $244.40 $0.00 $126.54 $22,750.63
76 $22,750.63 $244.40 $0.00 $128.64 $23,123.67
77 $23,123.67 $244.40 $0.00 $130.74 $23,498.81
78 $23,498.81 $244.40 $0.00 $132.87 $23,876.08
79 $23,876.08 $244.40 $0.00 $135.00 $24,255.48
80 $24,255.48 $244.40 $0.00 $137.14 $24,637.02
81 $24,637.02 $244.40 $0.00 $139.30 $25,020.72
82 $25,020.72 $244.40 $0.00 $141.47 $25,406.59
83 $25,406.59 $244.40 $0.00 $143.65 $25,794.64
84 $25,794.64 $244.40 $0.00 $145.85 $26,184.89
85 $26,184.89 $244.40 $0.00 $148.05 $26,577.34
86 $26,577.34 $244.40 $0.00 $150.27 $26,972.01
87 $26,972.01 $244.40 $0.00 $152.50 $27,368.91
88 $27,368.91 $244.40 $0.00 $154.75 $27,768.06
89 $27,768.06 $244.40 $0.00 $157.00 $28,169.46
90 $28,169.46 $244.40 $0.00 $159.27 $28,573.13
91 $28,573.13 $244.40 $0.00 $161.56 $28,979.09
92 $28,979.09 $244.40 $0.00 $163.85 $29,387.34
93 $29,387.34 $244.40 $0.00 $166.16 $29,797.90
94 $29,797.90 $244.40 $0.00 $168.48 $30,210.78
95 $30,210.78 $244.40 $0.00 $170.82 $30,626.00
96 $30,626.00 $244.40 $0.00 $173.16 $31,043.56
97 $31,043.56 $244.40 $0.00 $175.52 $31,463.48
98 $31,463.48 $244.40 $0.00 $177.90 $31,885.78
99 $31,885.78 $244.40 $0.00 $180.29 $32,310.47
100 $32,310.47 $244.40 $0.00 $182.69 $32,737.56
101 $32,737.56 $244.40 $0.00 $185.10 $33,167.06
102 $33,167.06 $244.40 $0.00 $187.53 $33,598.99
103 $33,598.99 $244.40 $0.00 $189.97 $34,033.36
104 $34,033.36 $244.40 $0.00 $192.43 $34,470.19
105 $34,470.19 $244.40 $0.00 $194.90 $34,909.49
106 $34,909.49 $244.40 $0.00 $197.38 $35,351.27
107 $35,351.27 $244.40 $0.00 $199.88 $35,795.55
108 $35,795.55 $244.40 $0.00 $202.39 $36,242.34
109 $36,242.34 $244.40 $0.00 $204.92 $36,691.66
110 $36,691.66 $244.40 $0.00 $207.46 $37,143.52
111 $37,143.52 $244.40 $0.00 $210.01 $37,597.93
112 $37,597.93 $244.40 $0.00 $212.58 $38,054.91
113 $38,054.91 $244.40 $0.00 $215.17 $38,514.48
114 $38,514.48 $244.40 $0.00 $217.77 $38,976.65
115 $38,976.65 $244.40 $0.00 $220.38 $39,441.43
116 $39,441.43 $244.40 $0.00 $223.01 $39,908.84
117 $39,908.84 $244.40 $0.00 $225.65 $40,378.89
118 $40,378.89 $244.40 $0.00 $228.31 $40,851.60
119 $40,851.60 $244.40 $0.00 $230.98 $41,326.98
120 $41,326.98 $244.40 $0.00 $233.67 $41,805.05
121 $41,805.05 $244.40 $0.00 $236.37 $42,285.82
122 $42,285.82 $244.40 $0.00 $239.09 $42,769.31
123 $42,769.31 $244.40 $0.00 $241.82 $43,255.53
124 $43,255.53 $244.40 $0.00 $244.57 $43,744.50
125 $43,744.50 $244.40 $0.00 $247.34 $44,236.24
126 $44,236.24 $244.40 $0.00 $250.12 $44,730.76
127 $44,730.76 $244.40 $0.00 $252.91 $45,228.07
128 $45,228.07 $244.40 $0.00 $255.73 $45,728.20
129 $45,728.20 $244.40 $0.00 $258.55 $46,231.15
130 $46,231.15 $244.40 $0.00 $261.40 $46,736.95
131 $46,736.95 $244.40 $0.00 $264.26 $47,245.61
132 $47,245.61 $244.40 $0.00 $267.13 $47,757.14
133 $47,757.14 $244.40 $0.00 $270.03 $48,271.57
134 $48,271.57 $244.40 $0.00 $272.93 $48,788.90
135 $48,788.90 $244.40 $0.00 $275.86 $49,309.16
136 $49,309.16 $244.40 $0.00 $278.80 $49,832.36
137 $49,832.36 $244.40 $0.00 $281.76 $50,358.52
138 $50,358.52 $244.40 $0.00 $284.73 $50,887.65
139 $50,887.65 $244.40 $0.00 $287.73 $51,419.78
140 $51,419.78 $244.40 $0.00 $290.73 $51,954.91
141 $51,954.91 $244.40 $0.00 $293.76 $52,493.07
142 $52,493.07 $244.40 $0.00 $296.80 $53,034.27
143 $53,034.27 $244.40 $0.00 $299.86 $53,578.53
144 $53,578.53 $244.40 $0.00 $302.94 $54,125.87
145 $54,125.87 $244.40 $0.00 $306.04 $54,676.31
146 $54,676.31 $244.40 $0.00 $309.15 $55,229.86
147 $55,229.86 $244.40 $0.00 $312.28 $55,786.54
148 $55,786.54 $244.40 $0.00 $315.43 $56,346.37
149 $56,346.37 $244.40 $0.00 $318.59 $56,909.36
150 $56,909.36 $244.40 $0.00 $321.77 $57,475.53
151 $57,475.53 $244.40 $0.00 $324.98 $58,044.91
152 $58,044.91 $244.40 $0.00 $328.19 $58,617.50
153 $58,617.50 $244.40 $0.00 $331.43 $59,193.33
154 $59,193.33 $244.40 $0.00 $334.69 $59,772.42
155 $59,772.42 $244.40 $0.00 $337.96 $60,354.78
156 $60,354.78 $244.40 $0.00 $341.25 $60,940.43
157 $60,940.43 $244.40 $0.00 $344.57 $61,529.40
158 $61,529.40 $244.40 $0.00 $347.90 $62,121.70
159 $62,121.70 $244.40 $0.00 $351.25 $62,717.35
160 $62,717.35 $244.40 $0.00 $354.61 $63,316.36
161 $63,316.36 $244.40 $0.00 $358.00 $63,918.76
162 $63,918.76 $244.40 $0.00 $361.41 $64,524.57
163 $64,524.57 $244.40 $0.00 $364.83 $65,133.80
164 $65,133.80 $244.40 $0.00 $368.28 $65,746.48
165 $65,746.48 $244.40 $0.00 $371.74 $66,362.62
166 $66,362.62 $244.40 $0.00 $375.22 $66,982.24
167 $66,982.24 $244.40 $0.00 $378.73 $67,605.37
168 $67,605.37 $244.40 $0.00 $382.25 $68,232.02
169 $68,232.02 $244.40 $0.00 $385.79 $68,862.21
170 $68,862.21 $244.40 $0.00 $389.36 $69,495.97
171 $69,495.97 $244.40 $0.00 $392.94 $70,133.31
172 $70,133.31 $244.40 $0.00 $396.54 $70,774.25
173 $70,774.25 $244.40 $0.00 $400.17 $71,418.82
174 $71,418.82 $244.40 $0.00 $403.81 $72,067.03
175 $72,067.03 $244.40 $0.00 $407.48 $72,718.91
176 $72,718.91 $244.40 $0.00 $411.16 $73,374.47
177 $73,374.47 $244.40 $0.00 $414.87 $74,033.74
178 $74,033.74 $244.40 $0.00 $418.60 $74,696.74
179 $74,696.74 $244.40 $0.00 $422.35 $75,363.49
180 $75,363.49 $244.40 $0.00 $426.12 $76,034.01
181 $76,034.01 $244.40 $0.00 $429.91 $76,708.32
182 $76,708.32 $244.40 $0.00 $433.72 $77,386.44
183 $77,386.44 $244.40 $0.00 $437.55 $78,068.39
184 $78,068.39 $244.40 $0.00 $441.41 $78,754.20
185 $78,754.20 $244.40 $0.00 $445.29 $79,443.89
186 $79,443.89 $244.40 $0.00 $449.19 $80,137.48
187 $80,137.48 $244.40 $0.00 $453.11 $80,834.99
188 $80,834.99 $244.40 $0.00 $457.05 $81,536.44
189 $81,536.44 $244.40 $0.00 $461.02 $82,241.86
190 $82,241.86 $244.40 $0.00 $465.01 $82,951.27
191 $82,951.27 $244.40 $0.00 $469.02 $83,664.69
192 $83,664.69 $244.40 $0.00 $473.05 $84,382.14
193 $84,382.14 $244.40 $0.00 $477.11 $85,103.65
194 $85,103.65 $244.40 $0.00 $481.19 $85,829.24
195 $85,829.24 $244.40 $0.00 $485.29 $86,558.93
196 $86,558.93 $244.40 $0.00 $489.42 $87,292.75
197 $87,292.75 $244.40 $0.00 $493.57 $88,030.72
198 $88,030.72 $244.40 $0.00 $497.74 $88,772.86
199 $88,772.86 $244.40 $0.00 $501.93 $89,519.19
200 $89,519.19 $244.40 $0.00 $506.15 $90,269.74
201 $90,269.74 $244.40 $0.00 $510.40 $91,024.54
202 $91,024.54 $244.40 $0.00 $514.67 $91,783.61
203 $91,783.61 $244.40 $0.00 $518.96 $92,546.97
204 $92,546.97 $244.40 $0.00 $523.27 $93,314.64
205 $93,314.64 $244.40 $0.00 $527.61 $94,086.65
206 $94,086.65 $244.40 $0.00 $531.98 $94,863.03
207 $94,863.03 $244.40 $0.00 $536.37 $95,643.80
208 $95,643.80 $244.40 $0.00 $540.78 $96,428.98
209 $96,428.98 $244.40 $0.00 $545.22 $97,218.60
210 $97,218.60 $244.40 $0.00 $549.69 $98,012.69
211 $98,012.69 $244.40 $0.00 $554.18 $98,811.27
212 $98,811.27 $244.40 $0.00 $558.69 $99,614.36
213 $99,614.36 $244.40 $0.00 $563.23 $100,421.99
214 $100,421.99 $244.40 $0.00 $567.80 $101,234.19
215 $101,234.19 $244.40 $0.00 $572.39 $102,050.98
216 $102,050.98 $244.40 $0.00 $577.01 $102,872.39
217 $102,872.39 $244.40 $53,650.76 $581.66 $50,047.69
218 $50,047.69 $244.40 $0.00 $282.98 $50,575.07
219 $50,575.07 $244.40 $0.00 $285.96 $51,105.43
220 $51,105.43 $244.40 $0.00 $288.96 $51,638.79
221 $51,638.79 $244.40 $0.00 $291.97 $52,175.16
222 $52,175.16 $244.40 $0.00 $295.01 $52,714.57
223 $52,714.57 $244.40 $0.00 $298.06 $53,257.03
224 $53,257.03 $244.40 $0.00 $301.12 $53,802.55
225 $53,802.55 $244.40 $0.00 $304.21 $54,351.16
226 $54,351.16 $244.40 $0.00 $307.31 $54,902.87
227 $54,902.87 $244.40 $0.00 $310.43 $55,457.70
228 $55,457.70 $244.40 $0.00 $313.57 $56,015.67
229 $56,015.67 $0.00 $56,333.30 $316.72 ($0.91)