Savings Plan and Future Cost Estimation for Keweenaw Bay Ojibwa 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$35,364
Monthly savings required$157

How much will it cost to send your child to Keweenaw Bay Ojibwa Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $70,727.65 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $157.17 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$14,336.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $157.17 $0.00 $0.00 $157.17
2 $157.17 $157.17 $0.00 $0.89 $315.23
3 $315.23 $157.17 $0.00 $1.78 $474.18
4 $474.18 $157.17 $0.00 $2.68 $634.03
5 $634.03 $157.17 $0.00 $3.58 $794.78
6 $794.78 $157.17 $0.00 $4.49 $956.44
7 $956.44 $157.17 $0.00 $5.41 $1,119.02
8 $1,119.02 $157.17 $0.00 $6.33 $1,282.52
9 $1,282.52 $157.17 $0.00 $7.25 $1,446.94
10 $1,446.94 $157.17 $0.00 $8.18 $1,612.29
11 $1,612.29 $157.17 $0.00 $9.12 $1,778.58
12 $1,778.58 $157.17 $0.00 $10.06 $1,945.81
13 $1,945.81 $157.17 $0.00 $11.00 $2,113.98
14 $2,113.98 $157.17 $0.00 $11.95 $2,283.10
15 $2,283.10 $157.17 $0.00 $12.91 $2,453.18
16 $2,453.18 $157.17 $0.00 $13.87 $2,624.22
17 $2,624.22 $157.17 $0.00 $14.84 $2,796.23
18 $2,796.23 $157.17 $0.00 $15.81 $2,969.21
19 $2,969.21 $157.17 $0.00 $16.79 $3,143.17
20 $3,143.17 $157.17 $0.00 $17.77 $3,318.11
21 $3,318.11 $157.17 $0.00 $18.76 $3,494.04
22 $3,494.04 $157.17 $0.00 $19.76 $3,670.97
23 $3,670.97 $157.17 $0.00 $20.76 $3,848.90
24 $3,848.90 $157.17 $0.00 $21.76 $4,027.83
25 $4,027.83 $157.17 $0.00 $22.77 $4,207.77
26 $4,207.77 $157.17 $0.00 $23.79 $4,388.73
27 $4,388.73 $157.17 $0.00 $24.81 $4,570.71
28 $4,570.71 $157.17 $0.00 $25.84 $4,753.72
29 $4,753.72 $157.17 $0.00 $26.88 $4,937.77
30 $4,937.77 $157.17 $0.00 $27.92 $5,122.86
31 $5,122.86 $157.17 $0.00 $28.97 $5,309.00
32 $5,309.00 $157.17 $0.00 $30.02 $5,496.19
33 $5,496.19 $157.17 $0.00 $31.08 $5,684.44
34 $5,684.44 $157.17 $0.00 $32.14 $5,873.75
35 $5,873.75 $157.17 $0.00 $33.21 $6,064.13
36 $6,064.13 $157.17 $0.00 $34.29 $6,255.59
37 $6,255.59 $157.17 $0.00 $35.37 $6,448.13
38 $6,448.13 $157.17 $0.00 $36.46 $6,641.76
39 $6,641.76 $157.17 $0.00 $37.55 $6,836.48
40 $6,836.48 $157.17 $0.00 $38.65 $7,032.30
41 $7,032.30 $157.17 $0.00 $39.76 $7,229.23
42 $7,229.23 $157.17 $0.00 $40.88 $7,427.28
43 $7,427.28 $157.17 $0.00 $41.99 $7,626.44
44 $7,626.44 $157.17 $0.00 $43.12 $7,826.73
45 $7,826.73 $157.17 $0.00 $44.25 $8,028.15
46 $8,028.15 $157.17 $0.00 $45.39 $8,230.71
47 $8,230.71 $157.17 $0.00 $46.54 $8,434.42
48 $8,434.42 $157.17 $0.00 $47.69 $8,639.28
49 $8,639.28 $157.17 $0.00 $48.85 $8,845.30
50 $8,845.30 $157.17 $0.00 $50.01 $9,052.48
51 $9,052.48 $157.17 $0.00 $51.18 $9,260.83
52 $9,260.83 $157.17 $0.00 $52.36 $9,470.36
53 $9,470.36 $157.17 $0.00 $53.55 $9,681.08
54 $9,681.08 $157.17 $0.00 $54.74 $9,892.99
55 $9,892.99 $157.17 $0.00 $55.94 $10,106.10
56 $10,106.10 $157.17 $0.00 $57.14 $10,320.41
57 $10,320.41 $157.17 $0.00 $58.35 $10,535.93
58 $10,535.93 $157.17 $0.00 $59.57 $10,752.67
59 $10,752.67 $157.17 $0.00 $60.80 $10,970.64
60 $10,970.64 $157.17 $0.00 $62.03 $11,189.84
61 $11,189.84 $157.17 $0.00 $63.27 $11,410.28
62 $11,410.28 $157.17 $0.00 $64.52 $11,631.97
63 $11,631.97 $157.17 $0.00 $65.77 $11,854.91
64 $11,854.91 $157.17 $0.00 $67.03 $12,079.11
65 $12,079.11 $157.17 $0.00 $68.30 $12,304.58
66 $12,304.58 $157.17 $0.00 $69.57 $12,531.32
67 $12,531.32 $157.17 $0.00 $70.85 $12,759.34
68 $12,759.34 $157.17 $0.00 $72.14 $12,988.65
69 $12,988.65 $157.17 $0.00 $73.44 $13,219.26
70 $13,219.26 $157.17 $0.00 $74.74 $13,451.17
71 $13,451.17 $157.17 $0.00 $76.05 $13,684.39
72 $13,684.39 $157.17 $0.00 $77.37 $13,918.93
73 $13,918.93 $157.17 $0.00 $78.70 $14,154.80
74 $14,154.80 $157.17 $0.00 $80.03 $14,392.00
75 $14,392.00 $157.17 $0.00 $81.37 $14,630.54
76 $14,630.54 $157.17 $0.00 $82.72 $14,870.43
77 $14,870.43 $157.17 $0.00 $84.08 $15,111.68
78 $15,111.68 $157.17 $0.00 $85.44 $15,354.29
79 $15,354.29 $157.17 $0.00 $86.82 $15,598.28
80 $15,598.28 $157.17 $0.00 $88.19 $15,843.64
81 $15,843.64 $157.17 $0.00 $89.58 $16,090.39
82 $16,090.39 $157.17 $0.00 $90.98 $16,338.54
83 $16,338.54 $157.17 $0.00 $92.38 $16,588.09
84 $16,588.09 $157.17 $0.00 $93.79 $16,839.05
85 $16,839.05 $157.17 $0.00 $95.21 $17,091.43
86 $17,091.43 $157.17 $0.00 $96.64 $17,345.24
87 $17,345.24 $157.17 $0.00 $98.07 $17,600.48
88 $17,600.48 $157.17 $0.00 $99.52 $17,857.17
89 $17,857.17 $157.17 $0.00 $100.97 $18,115.31
90 $18,115.31 $157.17 $0.00 $102.43 $18,374.91
91 $18,374.91 $157.17 $0.00 $103.89 $18,635.97
92 $18,635.97 $157.17 $0.00 $105.37 $18,898.51
93 $18,898.51 $157.17 $0.00 $106.85 $19,162.53
94 $19,162.53 $157.17 $0.00 $108.35 $19,428.05
95 $19,428.05 $157.17 $0.00 $109.85 $19,695.07
96 $19,695.07 $157.17 $0.00 $111.36 $19,963.60
97 $19,963.60 $157.17 $0.00 $112.88 $20,233.65
98 $20,233.65 $157.17 $0.00 $114.40 $20,505.22
99 $20,505.22 $157.17 $0.00 $115.94 $20,778.33
100 $20,778.33 $157.17 $0.00 $117.48 $21,052.98
101 $21,052.98 $157.17 $0.00 $119.04 $21,329.19
102 $21,329.19 $157.17 $0.00 $120.60 $21,606.96
103 $21,606.96 $157.17 $0.00 $122.17 $21,886.30
104 $21,886.30 $157.17 $0.00 $123.75 $22,167.22
105 $22,167.22 $157.17 $0.00 $125.34 $22,449.73
106 $22,449.73 $157.17 $0.00 $126.93 $22,733.83
107 $22,733.83 $157.17 $0.00 $128.54 $23,019.54
108 $23,019.54 $157.17 $0.00 $130.16 $23,306.87
109 $23,306.87 $157.17 $0.00 $131.78 $23,595.82
110 $23,595.82 $157.17 $0.00 $133.41 $23,886.40
111 $23,886.40 $157.17 $0.00 $135.06 $24,178.63
112 $24,178.63 $157.17 $0.00 $136.71 $24,472.51
113 $24,472.51 $157.17 $0.00 $138.37 $24,768.05
114 $24,768.05 $157.17 $0.00 $140.04 $25,065.26
115 $25,065.26 $157.17 $0.00 $141.72 $25,364.15
116 $25,364.15 $157.17 $0.00 $143.41 $25,664.73
117 $25,664.73 $157.17 $0.00 $145.11 $25,967.01
118 $25,967.01 $157.17 $0.00 $146.82 $26,271.00
119 $26,271.00 $157.17 $0.00 $148.54 $26,576.71
120 $26,576.71 $157.17 $0.00 $150.27 $26,884.15
121 $26,884.15 $157.17 $0.00 $152.01 $27,193.33
122 $27,193.33 $157.17 $0.00 $153.76 $27,504.26
123 $27,504.26 $157.17 $0.00 $155.51 $27,816.94
124 $27,816.94 $157.17 $0.00 $157.28 $28,131.39
125 $28,131.39 $157.17 $0.00 $159.06 $28,447.62
126 $28,447.62 $157.17 $0.00 $160.85 $28,765.64
127 $28,765.64 $157.17 $0.00 $162.65 $29,085.46
128 $29,085.46 $157.17 $0.00 $164.45 $29,407.08
129 $29,407.08 $157.17 $0.00 $166.27 $29,730.52
130 $29,730.52 $157.17 $0.00 $168.10 $30,055.79
131 $30,055.79 $157.17 $0.00 $169.94 $30,382.90
132 $30,382.90 $157.17 $0.00 $171.79 $30,711.86
133 $30,711.86 $157.17 $0.00 $173.65 $31,042.68
134 $31,042.68 $157.17 $0.00 $175.52 $31,375.37
135 $31,375.37 $157.17 $0.00 $177.40 $31,709.94
136 $31,709.94 $157.17 $0.00 $179.29 $32,046.40
137 $32,046.40 $157.17 $0.00 $181.20 $32,384.77
138 $32,384.77 $157.17 $0.00 $183.11 $32,725.05
139 $32,725.05 $157.17 $0.00 $185.03 $33,067.25
140 $33,067.25 $157.17 $0.00 $186.97 $33,411.39
141 $33,411.39 $157.17 $0.00 $188.91 $33,757.47
142 $33,757.47 $157.17 $0.00 $190.87 $34,105.51
143 $34,105.51 $157.17 $0.00 $192.84 $34,455.52
144 $34,455.52 $157.17 $0.00 $194.82 $34,807.51
145 $34,807.51 $157.17 $0.00 $196.81 $35,161.49
146 $35,161.49 $157.17 $0.00 $198.81 $35,517.47
147 $35,517.47 $157.17 $0.00 $200.82 $35,875.46
148 $35,875.46 $157.17 $0.00 $202.85 $36,235.48
149 $36,235.48 $157.17 $0.00 $204.88 $36,597.53
150 $36,597.53 $157.17 $0.00 $206.93 $36,961.63
151 $36,961.63 $157.17 $0.00 $208.99 $37,327.79
152 $37,327.79 $157.17 $0.00 $211.06 $37,696.02
153 $37,696.02 $157.17 $0.00 $213.14 $38,066.33
154 $38,066.33 $157.17 $0.00 $215.23 $38,438.73
155 $38,438.73 $157.17 $0.00 $217.34 $38,813.24
156 $38,813.24 $157.17 $0.00 $219.46 $39,189.87
157 $39,189.87 $157.17 $0.00 $221.59 $39,568.63
158 $39,568.63 $157.17 $0.00 $223.73 $39,949.53
159 $39,949.53 $157.17 $0.00 $225.88 $40,332.58
160 $40,332.58 $157.17 $0.00 $228.05 $40,717.80
161 $40,717.80 $157.17 $0.00 $230.22 $41,105.19
162 $41,105.19 $157.17 $0.00 $232.41 $41,494.77
163 $41,494.77 $157.17 $0.00 $234.62 $41,886.56
164 $41,886.56 $157.17 $0.00 $236.83 $42,280.56
165 $42,280.56 $157.17 $0.00 $239.06 $42,676.79
166 $42,676.79 $157.17 $0.00 $241.30 $43,075.26
167 $43,075.26 $157.17 $0.00 $243.55 $43,475.98
168 $43,475.98 $157.17 $0.00 $245.82 $43,878.97
169 $43,878.97 $157.17 $0.00 $248.10 $44,284.24
170 $44,284.24 $157.17 $0.00 $250.39 $44,691.80
171 $44,691.80 $157.17 $0.00 $252.69 $45,101.66
172 $45,101.66 $157.17 $0.00 $255.01 $45,513.84
173 $45,513.84 $157.17 $0.00 $257.34 $45,928.35
174 $45,928.35 $157.17 $0.00 $259.69 $46,345.21
175 $46,345.21 $157.17 $0.00 $262.04 $46,764.42
176 $46,764.42 $157.17 $0.00 $264.41 $47,186.00
177 $47,186.00 $157.17 $0.00 $266.80 $47,609.97
178 $47,609.97 $157.17 $0.00 $269.19 $48,036.33
179 $48,036.33 $157.17 $0.00 $271.60 $48,465.10
180 $48,465.10 $157.17 $0.00 $274.03 $48,896.30
181 $48,896.30 $157.17 $0.00 $276.47 $49,329.94
182 $49,329.94 $157.17 $0.00 $278.92 $49,766.03
183 $49,766.03 $157.17 $0.00 $281.38 $50,204.58
184 $50,204.58 $157.17 $0.00 $283.86 $50,645.61
185 $50,645.61 $157.17 $0.00 $286.36 $51,089.14
186 $51,089.14 $157.17 $0.00 $288.87 $51,535.18
187 $51,535.18 $157.17 $0.00 $291.39 $51,983.74
188 $51,983.74 $157.17 $0.00 $293.92 $52,434.83
189 $52,434.83 $157.17 $0.00 $296.47 $52,888.47
190 $52,888.47 $157.17 $0.00 $299.04 $53,344.68
191 $53,344.68 $157.17 $0.00 $301.62 $53,803.47
192 $53,803.47 $157.17 $0.00 $304.21 $54,264.85
193 $54,264.85 $157.17 $0.00 $306.82 $54,728.84
194 $54,728.84 $157.17 $0.00 $309.44 $55,195.45
195 $55,195.45 $157.17 $0.00 $312.08 $55,664.70
196 $55,664.70 $157.17 $0.00 $314.74 $56,136.61
197 $56,136.61 $157.17 $0.00 $317.40 $56,611.18
198 $56,611.18 $157.17 $0.00 $320.09 $57,088.44
199 $57,088.44 $157.17 $0.00 $322.79 $57,568.40
200 $57,568.40 $157.17 $0.00 $325.50 $58,051.07
201 $58,051.07 $157.17 $0.00 $328.23 $58,536.47
202 $58,536.47 $157.17 $0.00 $330.97 $59,024.61
203 $59,024.61 $157.17 $0.00 $333.73 $59,515.51
204 $59,515.51 $157.17 $0.00 $336.51 $60,009.19
205 $60,009.19 $157.17 $0.00 $339.30 $60,505.66
206 $60,505.66 $157.17 $0.00 $342.11 $61,004.94
207 $61,004.94 $157.17 $0.00 $344.93 $61,507.04
208 $61,507.04 $157.17 $0.00 $347.77 $62,011.98
209 $62,011.98 $157.17 $0.00 $350.62 $62,519.77
210 $62,519.77 $157.17 $0.00 $353.50 $63,030.44
211 $63,030.44 $157.17 $0.00 $356.38 $63,543.99
212 $63,543.99 $157.17 $0.00 $359.29 $64,060.45
213 $64,060.45 $157.17 $0.00 $362.21 $64,579.83
214 $64,579.83 $157.17 $0.00 $365.14 $65,102.14
215 $65,102.14 $157.17 $0.00 $368.10 $65,627.41
216 $65,627.41 $157.17 $0.00 $371.07 $66,155.65
217 $66,155.65 $157.17 $34,501.29 $374.05 $32,185.58
218 $32,185.58 $157.17 $0.00 $181.98 $32,524.73
219 $32,524.73 $157.17 $0.00 $183.90 $32,865.80
220 $32,865.80 $157.17 $0.00 $185.83 $33,208.80
221 $33,208.80 $157.17 $0.00 $187.77 $33,553.74
222 $33,553.74 $157.17 $0.00 $189.72 $33,900.63
223 $33,900.63 $157.17 $0.00 $191.68 $34,249.48
224 $34,249.48 $157.17 $0.00 $193.65 $34,600.30
225 $34,600.30 $157.17 $0.00 $195.64 $34,953.11
226 $34,953.11 $157.17 $0.00 $197.63 $35,307.91
227 $35,307.91 $157.17 $0.00 $199.64 $35,664.72
228 $35,664.72 $157.17 $0.00 $201.65 $36,023.54
229 $36,023.54 $0.00 $36,226.36 $203.68 $0.86