Savings Plan and Future Cost Estimation for Meridian 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$33,511
Monthly savings required$149

How much will it cost to send your child to Meridian Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $67,022.54 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $148.93 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$13,585.00
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 $148.93 $0.00 $0.00 $148.93
2 $148.93 $148.93 $0.00 $0.84 $298.70
3 $298.70 $148.93 $0.00 $1.69 $449.32
4 $449.32 $148.93 $0.00 $2.54 $600.79
5 $600.79 $148.93 $0.00 $3.40 $753.12
6 $753.12 $148.93 $0.00 $4.26 $906.31
7 $906.31 $148.93 $0.00 $5.12 $1,060.36
8 $1,060.36 $148.93 $0.00 $6.00 $1,215.29
9 $1,215.29 $148.93 $0.00 $6.87 $1,371.09
10 $1,371.09 $148.93 $0.00 $7.75 $1,527.77
11 $1,527.77 $148.93 $0.00 $8.64 $1,685.34
12 $1,685.34 $148.93 $0.00 $9.53 $1,843.80
13 $1,843.80 $148.93 $0.00 $10.43 $2,003.16
14 $2,003.16 $148.93 $0.00 $11.33 $2,163.42
15 $2,163.42 $148.93 $0.00 $12.23 $2,324.58
16 $2,324.58 $148.93 $0.00 $13.14 $2,486.65
17 $2,486.65 $148.93 $0.00 $14.06 $2,649.64
18 $2,649.64 $148.93 $0.00 $14.98 $2,813.55
19 $2,813.55 $148.93 $0.00 $15.91 $2,978.39
20 $2,978.39 $148.93 $0.00 $16.84 $3,144.16
21 $3,144.16 $148.93 $0.00 $17.78 $3,310.87
22 $3,310.87 $148.93 $0.00 $18.72 $3,478.52
23 $3,478.52 $148.93 $0.00 $19.67 $3,647.12
24 $3,647.12 $148.93 $0.00 $20.62 $3,816.67
25 $3,816.67 $148.93 $0.00 $21.58 $3,987.18
26 $3,987.18 $148.93 $0.00 $22.54 $4,158.65
27 $4,158.65 $148.93 $0.00 $23.51 $4,331.09
28 $4,331.09 $148.93 $0.00 $24.49 $4,504.51
29 $4,504.51 $148.93 $0.00 $25.47 $4,678.91
30 $4,678.91 $148.93 $0.00 $26.46 $4,854.30
31 $4,854.30 $148.93 $0.00 $27.45 $5,030.68
32 $5,030.68 $148.93 $0.00 $28.44 $5,208.05
33 $5,208.05 $148.93 $0.00 $29.45 $5,386.43
34 $5,386.43 $148.93 $0.00 $30.46 $5,565.82
35 $5,565.82 $148.93 $0.00 $31.47 $5,746.22
36 $5,746.22 $148.93 $0.00 $32.49 $5,927.64
37 $5,927.64 $148.93 $0.00 $33.52 $6,110.09
38 $6,110.09 $148.93 $0.00 $34.55 $6,293.57
39 $6,293.57 $148.93 $0.00 $35.58 $6,478.08
40 $6,478.08 $148.93 $0.00 $36.63 $6,663.64
41 $6,663.64 $148.93 $0.00 $37.68 $6,850.25
42 $6,850.25 $148.93 $0.00 $38.73 $7,037.91
43 $7,037.91 $148.93 $0.00 $39.79 $7,226.63
44 $7,226.63 $148.93 $0.00 $40.86 $7,416.42
45 $7,416.42 $148.93 $0.00 $41.93 $7,607.28
46 $7,607.28 $148.93 $0.00 $43.01 $7,799.22
47 $7,799.22 $148.93 $0.00 $44.10 $7,992.25
48 $7,992.25 $148.93 $0.00 $45.19 $8,186.37
49 $8,186.37 $148.93 $0.00 $46.29 $8,381.59
50 $8,381.59 $148.93 $0.00 $47.39 $8,577.91
51 $8,577.91 $148.93 $0.00 $48.50 $8,775.34
52 $8,775.34 $148.93 $0.00 $49.62 $8,973.89
53 $8,973.89 $148.93 $0.00 $50.74 $9,173.56
54 $9,173.56 $148.93 $0.00 $51.87 $9,374.36
55 $9,374.36 $148.93 $0.00 $53.00 $9,576.29
56 $9,576.29 $148.93 $0.00 $54.15 $9,779.37
57 $9,779.37 $148.93 $0.00 $55.29 $9,983.59
58 $9,983.59 $148.93 $0.00 $56.45 $10,188.97
59 $10,188.97 $148.93 $0.00 $57.61 $10,395.51
60 $10,395.51 $148.93 $0.00 $58.78 $10,603.22
61 $10,603.22 $148.93 $0.00 $59.95 $10,812.10
62 $10,812.10 $148.93 $0.00 $61.13 $11,022.16
63 $11,022.16 $148.93 $0.00 $62.32 $11,233.41
64 $11,233.41 $148.93 $0.00 $63.52 $11,445.86
65 $11,445.86 $148.93 $0.00 $64.72 $11,659.51
66 $11,659.51 $148.93 $0.00 $65.92 $11,874.36
67 $11,874.36 $148.93 $0.00 $67.14 $12,090.43
68 $12,090.43 $148.93 $0.00 $68.36 $12,307.72
69 $12,307.72 $148.93 $0.00 $69.59 $12,526.24
70 $12,526.24 $148.93 $0.00 $70.83 $12,746.00
71 $12,746.00 $148.93 $0.00 $72.07 $12,967.00
72 $12,967.00 $148.93 $0.00 $73.32 $13,189.25
73 $13,189.25 $148.93 $0.00 $74.57 $13,412.75
74 $13,412.75 $148.93 $0.00 $75.84 $13,637.52
75 $13,637.52 $148.93 $0.00 $77.11 $13,863.56
76 $13,863.56 $148.93 $0.00 $78.39 $14,090.88
77 $14,090.88 $148.93 $0.00 $79.67 $14,319.48
78 $14,319.48 $148.93 $0.00 $80.96 $14,549.37
79 $14,549.37 $148.93 $0.00 $82.26 $14,780.56
80 $14,780.56 $148.93 $0.00 $83.57 $15,013.06
81 $15,013.06 $148.93 $0.00 $84.89 $15,246.88
82 $15,246.88 $148.93 $0.00 $86.21 $15,482.02
83 $15,482.02 $148.93 $0.00 $87.54 $15,718.49
84 $15,718.49 $148.93 $0.00 $88.87 $15,956.29
85 $15,956.29 $148.93 $0.00 $90.22 $16,195.44
86 $16,195.44 $148.93 $0.00 $91.57 $16,435.94
87 $16,435.94 $148.93 $0.00 $92.93 $16,677.80
88 $16,677.80 $148.93 $0.00 $94.30 $16,921.03
89 $16,921.03 $148.93 $0.00 $95.67 $17,165.63
90 $17,165.63 $148.93 $0.00 $97.06 $17,411.62
91 $17,411.62 $148.93 $0.00 $98.45 $17,659.00
92 $17,659.00 $148.93 $0.00 $99.85 $17,907.78
93 $17,907.78 $148.93 $0.00 $101.25 $18,157.96
94 $18,157.96 $148.93 $0.00 $102.67 $18,409.56
95 $18,409.56 $148.93 $0.00 $104.09 $18,662.58
96 $18,662.58 $148.93 $0.00 $105.52 $18,917.03
97 $18,917.03 $148.93 $0.00 $106.96 $19,172.92
98 $19,172.92 $148.93 $0.00 $108.41 $19,430.26
99 $19,430.26 $148.93 $0.00 $109.86 $19,689.05
100 $19,689.05 $148.93 $0.00 $111.32 $19,949.30
101 $19,949.30 $148.93 $0.00 $112.80 $20,211.03
102 $20,211.03 $148.93 $0.00 $114.28 $20,474.24
103 $20,474.24 $148.93 $0.00 $115.76 $20,738.93
104 $20,738.93 $148.93 $0.00 $117.26 $21,005.12
105 $21,005.12 $148.93 $0.00 $118.77 $21,272.82
106 $21,272.82 $148.93 $0.00 $120.28 $21,542.03
107 $21,542.03 $148.93 $0.00 $121.80 $21,812.76
108 $21,812.76 $148.93 $0.00 $123.33 $22,085.02
109 $22,085.02 $148.93 $0.00 $124.87 $22,358.82
110 $22,358.82 $148.93 $0.00 $126.42 $22,634.17
111 $22,634.17 $148.93 $0.00 $127.98 $22,911.08
112 $22,911.08 $148.93 $0.00 $129.54 $23,189.55
113 $23,189.55 $148.93 $0.00 $131.12 $23,469.60
114 $23,469.60 $148.93 $0.00 $132.70 $23,751.23
115 $23,751.23 $148.93 $0.00 $134.29 $24,034.45
116 $24,034.45 $148.93 $0.00 $135.89 $24,319.27
117 $24,319.27 $148.93 $0.00 $137.50 $24,605.70
118 $24,605.70 $148.93 $0.00 $139.12 $24,893.75
119 $24,893.75 $148.93 $0.00 $140.75 $25,183.43
120 $25,183.43 $148.93 $0.00 $142.39 $25,474.75
121 $25,474.75 $148.93 $0.00 $144.04 $25,767.72
122 $25,767.72 $148.93 $0.00 $145.69 $26,062.34
123 $26,062.34 $148.93 $0.00 $147.36 $26,358.63
124 $26,358.63 $148.93 $0.00 $149.04 $26,656.60
125 $26,656.60 $148.93 $0.00 $150.72 $26,956.25
126 $26,956.25 $148.93 $0.00 $152.41 $27,257.59
127 $27,257.59 $148.93 $0.00 $154.12 $27,560.64
128 $27,560.64 $148.93 $0.00 $155.83 $27,865.40
129 $27,865.40 $148.93 $0.00 $157.56 $28,171.89
130 $28,171.89 $148.93 $0.00 $159.29 $28,480.11
131 $28,480.11 $148.93 $0.00 $161.03 $28,790.07
132 $28,790.07 $148.93 $0.00 $162.78 $29,101.78
133 $29,101.78 $148.93 $0.00 $164.55 $29,415.26
134 $29,415.26 $148.93 $0.00 $166.32 $29,730.51
135 $29,730.51 $148.93 $0.00 $168.10 $30,047.54
136 $30,047.54 $148.93 $0.00 $169.89 $30,366.36
137 $30,366.36 $148.93 $0.00 $171.70 $30,686.99
138 $30,686.99 $148.93 $0.00 $173.51 $31,009.43
139 $31,009.43 $148.93 $0.00 $175.33 $31,333.69
140 $31,333.69 $148.93 $0.00 $177.17 $31,659.79
141 $31,659.79 $148.93 $0.00 $179.01 $31,987.73
142 $31,987.73 $148.93 $0.00 $180.86 $32,317.52
143 $32,317.52 $148.93 $0.00 $182.73 $32,649.18
144 $32,649.18 $148.93 $0.00 $184.60 $32,982.71
145 $32,982.71 $148.93 $0.00 $186.49 $33,318.13
146 $33,318.13 $148.93 $0.00 $188.39 $33,655.45
147 $33,655.45 $148.93 $0.00 $190.29 $33,994.67
148 $33,994.67 $148.93 $0.00 $192.21 $34,335.81
149 $34,335.81 $148.93 $0.00 $194.14 $34,678.88
150 $34,678.88 $148.93 $0.00 $196.08 $35,023.89
151 $35,023.89 $148.93 $0.00 $198.03 $35,370.85
152 $35,370.85 $148.93 $0.00 $199.99 $35,719.77
153 $35,719.77 $148.93 $0.00 $201.96 $36,070.66
154 $36,070.66 $148.93 $0.00 $203.95 $36,423.54
155 $36,423.54 $148.93 $0.00 $205.94 $36,778.41
156 $36,778.41 $148.93 $0.00 $207.95 $37,135.29
157 $37,135.29 $148.93 $0.00 $209.97 $37,494.19
158 $37,494.19 $148.93 $0.00 $212.00 $37,855.12
159 $37,855.12 $148.93 $0.00 $214.04 $38,218.09
160 $38,218.09 $148.93 $0.00 $216.09 $38,583.11
161 $38,583.11 $148.93 $0.00 $218.15 $38,950.19
162 $38,950.19 $148.93 $0.00 $220.23 $39,319.35
163 $39,319.35 $148.93 $0.00 $222.32 $39,690.60
164 $39,690.60 $148.93 $0.00 $224.42 $40,063.95
165 $40,063.95 $148.93 $0.00 $226.53 $40,439.41
166 $40,439.41 $148.93 $0.00 $228.65 $40,816.99
167 $40,816.99 $148.93 $0.00 $230.79 $41,196.71
168 $41,196.71 $148.93 $0.00 $232.93 $41,578.57
169 $41,578.57 $148.93 $0.00 $235.09 $41,962.59
170 $41,962.59 $148.93 $0.00 $237.26 $42,348.78
171 $42,348.78 $148.93 $0.00 $239.45 $42,737.16
172 $42,737.16 $148.93 $0.00 $241.64 $43,127.73
173 $43,127.73 $148.93 $0.00 $243.85 $43,520.51
174 $43,520.51 $148.93 $0.00 $246.07 $43,915.51
175 $43,915.51 $148.93 $0.00 $248.30 $44,312.74
176 $44,312.74 $148.93 $0.00 $250.55 $44,712.22
177 $44,712.22 $148.93 $0.00 $252.81 $45,113.96
178 $45,113.96 $148.93 $0.00 $255.08 $45,517.97
179 $45,517.97 $148.93 $0.00 $257.37 $45,924.27
180 $45,924.27 $148.93 $0.00 $259.66 $46,332.86
181 $46,332.86 $148.93 $0.00 $261.97 $46,743.76
182 $46,743.76 $148.93 $0.00 $264.30 $47,156.99
183 $47,156.99 $148.93 $0.00 $266.63 $47,572.55
184 $47,572.55 $148.93 $0.00 $268.98 $47,990.46
185 $47,990.46 $148.93 $0.00 $271.35 $48,410.74
186 $48,410.74 $148.93 $0.00 $273.72 $48,833.39
187 $48,833.39 $148.93 $0.00 $276.11 $49,258.43
188 $49,258.43 $148.93 $0.00 $278.51 $49,685.87
189 $49,685.87 $148.93 $0.00 $280.93 $50,115.73
190 $50,115.73 $148.93 $0.00 $283.36 $50,548.02
191 $50,548.02 $148.93 $0.00 $285.81 $50,982.76
192 $50,982.76 $148.93 $0.00 $288.26 $51,419.95
193 $51,419.95 $148.93 $0.00 $290.74 $51,859.62
194 $51,859.62 $148.93 $0.00 $293.22 $52,301.77
195 $52,301.77 $148.93 $0.00 $295.72 $52,746.42
196 $52,746.42 $148.93 $0.00 $298.24 $53,193.59
197 $53,193.59 $148.93 $0.00 $300.76 $53,643.28
198 $53,643.28 $148.93 $0.00 $303.31 $54,095.52
199 $54,095.52 $148.93 $0.00 $305.86 $54,550.31
200 $54,550.31 $148.93 $0.00 $308.44 $55,007.68
201 $55,007.68 $148.93 $0.00 $311.02 $55,467.63
202 $55,467.63 $148.93 $0.00 $313.62 $55,930.18
203 $55,930.18 $148.93 $0.00 $316.24 $56,395.35
204 $56,395.35 $148.93 $0.00 $318.87 $56,863.15
205 $56,863.15 $148.93 $0.00 $321.51 $57,333.59
206 $57,333.59 $148.93 $0.00 $324.17 $57,806.69
207 $57,806.69 $148.93 $0.00 $326.85 $58,282.47
208 $58,282.47 $148.93 $0.00 $329.54 $58,760.94
209 $58,760.94 $148.93 $0.00 $332.24 $59,242.11
210 $59,242.11 $148.93 $0.00 $334.96 $59,726.00
211 $59,726.00 $148.93 $0.00 $337.70 $60,212.63
212 $60,212.63 $148.93 $0.00 $340.45 $60,702.01
213 $60,702.01 $148.93 $0.00 $343.22 $61,194.16
214 $61,194.16 $148.93 $0.00 $346.00 $61,689.09
215 $61,689.09 $148.93 $0.00 $348.80 $62,186.82
216 $62,186.82 $148.93 $0.00 $351.61 $62,687.36
217 $62,687.36 $148.93 $32,693.92 $354.44 $30,496.81
218 $30,496.81 $148.93 $0.00 $172.43 $30,818.17
219 $30,818.17 $148.93 $0.00 $174.25 $31,141.35
220 $31,141.35 $148.93 $0.00 $176.08 $31,466.36
221 $31,466.36 $148.93 $0.00 $177.92 $31,793.21
222 $31,793.21 $148.93 $0.00 $179.76 $32,121.90
223 $32,121.90 $148.93 $0.00 $181.62 $32,452.45
224 $32,452.45 $148.93 $0.00 $183.49 $32,784.87
225 $32,784.87 $148.93 $0.00 $185.37 $33,119.17
226 $33,119.17 $148.93 $0.00 $187.26 $33,455.36
227 $33,455.36 $148.93 $0.00 $189.16 $33,793.45
228 $33,793.45 $148.93 $0.00 $191.07 $34,133.45
229 $34,133.45 $0.00 $34,328.62 $193.00 ($2.17)