Savings Plan and Future Cost Estimation for Itawamba Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$27,936
Monthly savings required$124

How much will it cost to send your child to Itawamba Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $55,872.67 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $124.16 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$11,325.00
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 $124.16 $0.00 $0.00 $124.16
2 $124.16 $124.16 $0.00 $0.70 $249.02
3 $249.02 $124.16 $0.00 $1.41 $374.59
4 $374.59 $124.16 $0.00 $2.12 $500.87
5 $500.87 $124.16 $0.00 $2.83 $627.86
6 $627.86 $124.16 $0.00 $3.55 $755.57
7 $755.57 $124.16 $0.00 $4.27 $884.00
8 $884.00 $124.16 $0.00 $5.00 $1,013.16
9 $1,013.16 $124.16 $0.00 $5.73 $1,143.05
10 $1,143.05 $124.16 $0.00 $6.46 $1,273.67
11 $1,273.67 $124.16 $0.00 $7.20 $1,405.03
12 $1,405.03 $124.16 $0.00 $7.94 $1,537.13
13 $1,537.13 $124.16 $0.00 $8.69 $1,669.98
14 $1,669.98 $124.16 $0.00 $9.44 $1,803.58
15 $1,803.58 $124.16 $0.00 $10.20 $1,937.94
16 $1,937.94 $124.16 $0.00 $10.96 $2,073.06
17 $2,073.06 $124.16 $0.00 $11.72 $2,208.94
18 $2,208.94 $124.16 $0.00 $12.49 $2,345.59
19 $2,345.59 $124.16 $0.00 $13.26 $2,483.01
20 $2,483.01 $124.16 $0.00 $14.04 $2,621.21
21 $2,621.21 $124.16 $0.00 $14.82 $2,760.19
22 $2,760.19 $124.16 $0.00 $15.61 $2,899.96
23 $2,899.96 $124.16 $0.00 $16.40 $3,040.52
24 $3,040.52 $124.16 $0.00 $17.19 $3,181.87
25 $3,181.87 $124.16 $0.00 $17.99 $3,324.02
26 $3,324.02 $124.16 $0.00 $18.79 $3,466.97
27 $3,466.97 $124.16 $0.00 $19.60 $3,610.73
28 $3,610.73 $124.16 $0.00 $20.42 $3,755.31
29 $3,755.31 $124.16 $0.00 $21.23 $3,900.70
30 $3,900.70 $124.16 $0.00 $22.06 $4,046.92
31 $4,046.92 $124.16 $0.00 $22.88 $4,193.96
32 $4,193.96 $124.16 $0.00 $23.71 $4,341.83
33 $4,341.83 $124.16 $0.00 $24.55 $4,490.54
34 $4,490.54 $124.16 $0.00 $25.39 $4,640.09
35 $4,640.09 $124.16 $0.00 $26.24 $4,790.49
36 $4,790.49 $124.16 $0.00 $27.09 $4,941.74
37 $4,941.74 $124.16 $0.00 $27.94 $5,093.84
38 $5,093.84 $124.16 $0.00 $28.80 $5,246.80
39 $5,246.80 $124.16 $0.00 $29.67 $5,400.63
40 $5,400.63 $124.16 $0.00 $30.54 $5,555.33
41 $5,555.33 $124.16 $0.00 $31.41 $5,710.90
42 $5,710.90 $124.16 $0.00 $32.29 $5,867.35
43 $5,867.35 $124.16 $0.00 $33.17 $6,024.68
44 $6,024.68 $124.16 $0.00 $34.06 $6,182.90
45 $6,182.90 $124.16 $0.00 $34.96 $6,342.02
46 $6,342.02 $124.16 $0.00 $35.86 $6,502.04
47 $6,502.04 $124.16 $0.00 $36.76 $6,662.96
48 $6,662.96 $124.16 $0.00 $37.67 $6,824.79
49 $6,824.79 $124.16 $0.00 $38.59 $6,987.54
50 $6,987.54 $124.16 $0.00 $39.51 $7,151.21
51 $7,151.21 $124.16 $0.00 $40.43 $7,315.80
52 $7,315.80 $124.16 $0.00 $41.36 $7,481.32
53 $7,481.32 $124.16 $0.00 $42.30 $7,647.78
54 $7,647.78 $124.16 $0.00 $43.24 $7,815.18
55 $7,815.18 $124.16 $0.00 $44.19 $7,983.53
56 $7,983.53 $124.16 $0.00 $45.14 $8,152.83
57 $8,152.83 $124.16 $0.00 $46.10 $8,323.09
58 $8,323.09 $124.16 $0.00 $47.06 $8,494.31
59 $8,494.31 $124.16 $0.00 $48.03 $8,666.50
60 $8,666.50 $124.16 $0.00 $49.00 $8,839.66
61 $8,839.66 $124.16 $0.00 $49.98 $9,013.80
62 $9,013.80 $124.16 $0.00 $50.97 $9,188.93
63 $9,188.93 $124.16 $0.00 $51.96 $9,365.05
64 $9,365.05 $124.16 $0.00 $52.95 $9,542.16
65 $9,542.16 $124.16 $0.00 $53.95 $9,720.27
66 $9,720.27 $124.16 $0.00 $54.96 $9,899.39
67 $9,899.39 $124.16 $0.00 $55.97 $10,079.52
68 $10,079.52 $124.16 $0.00 $56.99 $10,260.67
69 $10,260.67 $124.16 $0.00 $58.02 $10,442.85
70 $10,442.85 $124.16 $0.00 $59.05 $10,626.06
71 $10,626.06 $124.16 $0.00 $60.08 $10,810.30
72 $10,810.30 $124.16 $0.00 $61.12 $10,995.58
73 $10,995.58 $124.16 $0.00 $62.17 $11,181.91
74 $11,181.91 $124.16 $0.00 $63.22 $11,369.29
75 $11,369.29 $124.16 $0.00 $64.28 $11,557.73
76 $11,557.73 $124.16 $0.00 $65.35 $11,747.24
77 $11,747.24 $124.16 $0.00 $66.42 $11,937.82
78 $11,937.82 $124.16 $0.00 $67.50 $12,129.48
79 $12,129.48 $124.16 $0.00 $68.58 $12,322.22
80 $12,322.22 $124.16 $0.00 $69.67 $12,516.05
81 $12,516.05 $124.16 $0.00 $70.77 $12,710.98
82 $12,710.98 $124.16 $0.00 $71.87 $12,907.01
83 $12,907.01 $124.16 $0.00 $72.98 $13,104.15
84 $13,104.15 $124.16 $0.00 $74.09 $13,302.40
85 $13,302.40 $124.16 $0.00 $75.21 $13,501.77
86 $13,501.77 $124.16 $0.00 $76.34 $13,702.27
87 $13,702.27 $124.16 $0.00 $77.47 $13,903.90
88 $13,903.90 $124.16 $0.00 $78.61 $14,106.67
89 $14,106.67 $124.16 $0.00 $79.76 $14,310.59
90 $14,310.59 $124.16 $0.00 $80.91 $14,515.66
91 $14,515.66 $124.16 $0.00 $82.07 $14,721.89
92 $14,721.89 $124.16 $0.00 $83.24 $14,929.29
93 $14,929.29 $124.16 $0.00 $84.41 $15,137.86
94 $15,137.86 $124.16 $0.00 $85.59 $15,347.61
95 $15,347.61 $124.16 $0.00 $86.78 $15,558.55
96 $15,558.55 $124.16 $0.00 $87.97 $15,770.68
97 $15,770.68 $124.16 $0.00 $89.17 $15,984.01
98 $15,984.01 $124.16 $0.00 $90.38 $16,198.55
99 $16,198.55 $124.16 $0.00 $91.59 $16,414.30
100 $16,414.30 $124.16 $0.00 $92.81 $16,631.27
101 $16,631.27 $124.16 $0.00 $94.04 $16,849.47
102 $16,849.47 $124.16 $0.00 $95.27 $17,068.90
103 $17,068.90 $124.16 $0.00 $96.51 $17,289.57
104 $17,289.57 $124.16 $0.00 $97.76 $17,511.49
105 $17,511.49 $124.16 $0.00 $99.01 $17,734.66
106 $17,734.66 $124.16 $0.00 $100.27 $17,959.09
107 $17,959.09 $124.16 $0.00 $101.54 $18,184.79
108 $18,184.79 $124.16 $0.00 $102.82 $18,411.77
109 $18,411.77 $124.16 $0.00 $104.10 $18,640.03
110 $18,640.03 $124.16 $0.00 $105.39 $18,869.58
111 $18,869.58 $124.16 $0.00 $106.69 $19,100.43
112 $19,100.43 $124.16 $0.00 $108.00 $19,332.59
113 $19,332.59 $124.16 $0.00 $109.31 $19,566.06
114 $19,566.06 $124.16 $0.00 $110.63 $19,800.85
115 $19,800.85 $124.16 $0.00 $111.96 $20,036.97
116 $20,036.97 $124.16 $0.00 $113.29 $20,274.42
117 $20,274.42 $124.16 $0.00 $114.63 $20,513.21
118 $20,513.21 $124.16 $0.00 $115.98 $20,753.35
119 $20,753.35 $124.16 $0.00 $117.34 $20,994.85
120 $20,994.85 $124.16 $0.00 $118.71 $21,237.72
121 $21,237.72 $124.16 $0.00 $120.08 $21,481.96
122 $21,481.96 $124.16 $0.00 $121.46 $21,727.58
123 $21,727.58 $124.16 $0.00 $122.85 $21,974.59
124 $21,974.59 $124.16 $0.00 $124.25 $22,223.00
125 $22,223.00 $124.16 $0.00 $125.65 $22,472.81
126 $22,472.81 $124.16 $0.00 $127.06 $22,724.03
127 $22,724.03 $124.16 $0.00 $128.48 $22,976.67
128 $22,976.67 $124.16 $0.00 $129.91 $23,230.74
129 $23,230.74 $124.16 $0.00 $131.35 $23,486.25
130 $23,486.25 $124.16 $0.00 $132.79 $23,743.20
131 $23,743.20 $124.16 $0.00 $134.25 $24,001.61
132 $24,001.61 $124.16 $0.00 $135.71 $24,261.48
133 $24,261.48 $124.16 $0.00 $137.18 $24,522.82
134 $24,522.82 $124.16 $0.00 $138.66 $24,785.64
135 $24,785.64 $124.16 $0.00 $140.14 $25,049.94
136 $25,049.94 $124.16 $0.00 $141.64 $25,315.74
137 $25,315.74 $124.16 $0.00 $143.14 $25,583.04
138 $25,583.04 $124.16 $0.00 $144.65 $25,851.85
139 $25,851.85 $124.16 $0.00 $146.17 $26,122.18
140 $26,122.18 $124.16 $0.00 $147.70 $26,394.04
141 $26,394.04 $124.16 $0.00 $149.24 $26,667.44
142 $26,667.44 $124.16 $0.00 $150.78 $26,942.38
143 $26,942.38 $124.16 $0.00 $152.34 $27,218.88
144 $27,218.88 $124.16 $0.00 $153.90 $27,496.94
145 $27,496.94 $124.16 $0.00 $155.47 $27,776.57
146 $27,776.57 $124.16 $0.00 $157.05 $28,057.78
147 $28,057.78 $124.16 $0.00 $158.64 $28,340.58
148 $28,340.58 $124.16 $0.00 $160.24 $28,624.98
149 $28,624.98 $124.16 $0.00 $161.85 $28,910.99
150 $28,910.99 $124.16 $0.00 $163.47 $29,198.62
151 $29,198.62 $124.16 $0.00 $165.09 $29,487.87
152 $29,487.87 $124.16 $0.00 $166.73 $29,778.76
153 $29,778.76 $124.16 $0.00 $168.37 $30,071.29
154 $30,071.29 $124.16 $0.00 $170.03 $30,365.48
155 $30,365.48 $124.16 $0.00 $171.69 $30,661.33
156 $30,661.33 $124.16 $0.00 $173.36 $30,958.85
157 $30,958.85 $124.16 $0.00 $175.05 $31,258.06
158 $31,258.06 $124.16 $0.00 $176.74 $31,558.96
159 $31,558.96 $124.16 $0.00 $178.44 $31,861.56
160 $31,861.56 $124.16 $0.00 $180.15 $32,165.87
161 $32,165.87 $124.16 $0.00 $181.87 $32,471.90
162 $32,471.90 $124.16 $0.00 $183.60 $32,779.66
163 $32,779.66 $124.16 $0.00 $185.34 $33,089.16
164 $33,089.16 $124.16 $0.00 $187.09 $33,400.41
165 $33,400.41 $124.16 $0.00 $188.85 $33,713.42
166 $33,713.42 $124.16 $0.00 $190.62 $34,028.20
167 $34,028.20 $124.16 $0.00 $192.40 $34,344.76
168 $34,344.76 $124.16 $0.00 $194.19 $34,663.11
169 $34,663.11 $124.16 $0.00 $195.99 $34,983.26
170 $34,983.26 $124.16 $0.00 $197.80 $35,305.22
171 $35,305.22 $124.16 $0.00 $199.62 $35,629.00
172 $35,629.00 $124.16 $0.00 $201.45 $35,954.61
173 $35,954.61 $124.16 $0.00 $203.29 $36,282.06
174 $36,282.06 $124.16 $0.00 $205.14 $36,611.36
175 $36,611.36 $124.16 $0.00 $207.01 $36,942.53
176 $36,942.53 $124.16 $0.00 $208.88 $37,275.57
177 $37,275.57 $124.16 $0.00 $210.76 $37,610.49
178 $37,610.49 $124.16 $0.00 $212.66 $37,947.31
179 $37,947.31 $124.16 $0.00 $214.56 $38,286.03
180 $38,286.03 $124.16 $0.00 $216.47 $38,626.66
181 $38,626.66 $124.16 $0.00 $218.40 $38,969.22
182 $38,969.22 $124.16 $0.00 $220.34 $39,313.72
183 $39,313.72 $124.16 $0.00 $222.29 $39,660.17
184 $39,660.17 $124.16 $0.00 $224.24 $40,008.57
185 $40,008.57 $124.16 $0.00 $226.21 $40,358.94
186 $40,358.94 $124.16 $0.00 $228.20 $40,711.30
187 $40,711.30 $124.16 $0.00 $230.19 $41,065.65
188 $41,065.65 $124.16 $0.00 $232.19 $41,422.00
189 $41,422.00 $124.16 $0.00 $234.21 $41,780.37
190 $41,780.37 $124.16 $0.00 $236.23 $42,140.76
191 $42,140.76 $124.16 $0.00 $238.27 $42,503.19
192 $42,503.19 $124.16 $0.00 $240.32 $42,867.67
193 $42,867.67 $124.16 $0.00 $242.38 $43,234.21
194 $43,234.21 $124.16 $0.00 $244.45 $43,602.82
195 $43,602.82 $124.16 $0.00 $246.54 $43,973.52
196 $43,973.52 $124.16 $0.00 $248.63 $44,346.31
197 $44,346.31 $124.16 $0.00 $250.74 $44,721.21
198 $44,721.21 $124.16 $0.00 $252.86 $45,098.23
199 $45,098.23 $124.16 $0.00 $254.99 $45,477.38
200 $45,477.38 $124.16 $0.00 $257.14 $45,858.68
201 $45,858.68 $124.16 $0.00 $259.29 $46,242.13
202 $46,242.13 $124.16 $0.00 $261.46 $46,627.75
203 $46,627.75 $124.16 $0.00 $263.64 $47,015.55
204 $47,015.55 $124.16 $0.00 $265.83 $47,405.54
205 $47,405.54 $124.16 $0.00 $268.04 $47,797.74
206 $47,797.74 $124.16 $0.00 $270.26 $48,192.16
207 $48,192.16 $124.16 $0.00 $272.49 $48,588.81
208 $48,588.81 $124.16 $0.00 $274.73 $48,987.70
209 $48,987.70 $124.16 $0.00 $276.98 $49,388.84
210 $49,388.84 $124.16 $0.00 $279.25 $49,792.25
211 $49,792.25 $124.16 $0.00 $281.53 $50,197.94
212 $50,197.94 $124.16 $0.00 $283.83 $50,605.93
213 $50,605.93 $124.16 $0.00 $286.13 $51,016.22
214 $51,016.22 $124.16 $0.00 $288.45 $51,428.83
215 $51,428.83 $124.16 $0.00 $290.79 $51,843.78
216 $51,843.78 $124.16 $0.00 $293.13 $52,261.07
217 $52,261.07 $124.16 $27,254.96 $295.49 $25,425.76
218 $25,425.76 $124.16 $0.00 $143.76 $25,693.68
219 $25,693.68 $124.16 $0.00 $145.28 $25,963.12
220 $25,963.12 $124.16 $0.00 $146.80 $26,234.08
221 $26,234.08 $124.16 $0.00 $148.33 $26,506.57
222 $26,506.57 $124.16 $0.00 $149.87 $26,780.60
223 $26,780.60 $124.16 $0.00 $151.42 $27,056.18
224 $27,056.18 $124.16 $0.00 $152.98 $27,333.32
225 $27,333.32 $124.16 $0.00 $154.55 $27,612.03
226 $27,612.03 $124.16 $0.00 $156.12 $27,892.31
227 $27,892.31 $124.16 $0.00 $157.71 $28,174.18
228 $28,174.18 $124.16 $0.00 $159.30 $28,457.64
229 $28,457.64 $0.00 $28,617.71 $160.90 $0.83