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$34,084
Monthly savings required$151

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 $68,167.13 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $151.48 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$13,817.00
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 $151.48 $0.00 $0.00 $151.48
2 $151.48 $151.48 $0.00 $0.86 $303.82
3 $303.82 $151.48 $0.00 $1.72 $457.02
4 $457.02 $151.48 $0.00 $2.58 $611.08
5 $611.08 $151.48 $0.00 $3.46 $766.02
6 $766.02 $151.48 $0.00 $4.33 $921.83
7 $921.83 $151.48 $0.00 $5.21 $1,078.52
8 $1,078.52 $151.48 $0.00 $6.10 $1,236.10
9 $1,236.10 $151.48 $0.00 $6.99 $1,394.57
10 $1,394.57 $151.48 $0.00 $7.89 $1,553.94
11 $1,553.94 $151.48 $0.00 $8.79 $1,714.21
12 $1,714.21 $151.48 $0.00 $9.69 $1,875.38
13 $1,875.38 $151.48 $0.00 $10.60 $2,037.46
14 $2,037.46 $151.48 $0.00 $11.52 $2,200.46
15 $2,200.46 $151.48 $0.00 $12.44 $2,364.38
16 $2,364.38 $151.48 $0.00 $13.37 $2,529.23
17 $2,529.23 $151.48 $0.00 $14.30 $2,695.01
18 $2,695.01 $151.48 $0.00 $15.24 $2,861.73
19 $2,861.73 $151.48 $0.00 $16.18 $3,029.39
20 $3,029.39 $151.48 $0.00 $17.13 $3,198.00
21 $3,198.00 $151.48 $0.00 $18.08 $3,367.56
22 $3,367.56 $151.48 $0.00 $19.04 $3,538.08
23 $3,538.08 $151.48 $0.00 $20.00 $3,709.56
24 $3,709.56 $151.48 $0.00 $20.97 $3,882.01
25 $3,882.01 $151.48 $0.00 $21.95 $4,055.44
26 $4,055.44 $151.48 $0.00 $22.93 $4,229.85
27 $4,229.85 $151.48 $0.00 $23.92 $4,405.25
28 $4,405.25 $151.48 $0.00 $24.91 $4,581.64
29 $4,581.64 $151.48 $0.00 $25.91 $4,759.03
30 $4,759.03 $151.48 $0.00 $26.91 $4,937.42
31 $4,937.42 $151.48 $0.00 $27.92 $5,116.82
32 $5,116.82 $151.48 $0.00 $28.93 $5,297.23
33 $5,297.23 $151.48 $0.00 $29.95 $5,478.66
34 $5,478.66 $151.48 $0.00 $30.98 $5,661.12
35 $5,661.12 $151.48 $0.00 $32.01 $5,844.61
36 $5,844.61 $151.48 $0.00 $33.05 $6,029.14
37 $6,029.14 $151.48 $0.00 $34.09 $6,214.71
38 $6,214.71 $151.48 $0.00 $35.14 $6,401.33
39 $6,401.33 $151.48 $0.00 $36.19 $6,589.00
40 $6,589.00 $151.48 $0.00 $37.26 $6,777.74
41 $6,777.74 $151.48 $0.00 $38.32 $6,967.54
42 $6,967.54 $151.48 $0.00 $39.40 $7,158.42
43 $7,158.42 $151.48 $0.00 $40.47 $7,350.37
44 $7,350.37 $151.48 $0.00 $41.56 $7,543.41
45 $7,543.41 $151.48 $0.00 $42.65 $7,737.54
46 $7,737.54 $151.48 $0.00 $43.75 $7,932.77
47 $7,932.77 $151.48 $0.00 $44.85 $8,129.10
48 $8,129.10 $151.48 $0.00 $45.96 $8,326.54
49 $8,326.54 $151.48 $0.00 $47.08 $8,525.10
50 $8,525.10 $151.48 $0.00 $48.20 $8,724.78
51 $8,724.78 $151.48 $0.00 $49.33 $8,925.59
52 $8,925.59 $151.48 $0.00 $50.47 $9,127.54
53 $9,127.54 $151.48 $0.00 $51.61 $9,330.63
54 $9,330.63 $151.48 $0.00 $52.76 $9,534.87
55 $9,534.87 $151.48 $0.00 $53.91 $9,740.26
56 $9,740.26 $151.48 $0.00 $55.07 $9,946.81
57 $9,946.81 $151.48 $0.00 $56.24 $10,154.53
58 $10,154.53 $151.48 $0.00 $57.42 $10,363.43
59 $10,363.43 $151.48 $0.00 $58.60 $10,573.51
60 $10,573.51 $151.48 $0.00 $59.78 $10,784.77
61 $10,784.77 $151.48 $0.00 $60.98 $10,997.23
62 $10,997.23 $151.48 $0.00 $62.18 $11,210.89
63 $11,210.89 $151.48 $0.00 $63.39 $11,425.76
64 $11,425.76 $151.48 $0.00 $64.60 $11,641.84
65 $11,641.84 $151.48 $0.00 $65.82 $11,859.14
66 $11,859.14 $151.48 $0.00 $67.05 $12,077.67
67 $12,077.67 $151.48 $0.00 $68.29 $12,297.44
68 $12,297.44 $151.48 $0.00 $69.53 $12,518.45
69 $12,518.45 $151.48 $0.00 $70.78 $12,740.71
70 $12,740.71 $151.48 $0.00 $72.04 $12,964.23
71 $12,964.23 $151.48 $0.00 $73.30 $13,189.01
72 $13,189.01 $151.48 $0.00 $74.57 $13,415.06
73 $13,415.06 $151.48 $0.00 $75.85 $13,642.39
74 $13,642.39 $151.48 $0.00 $77.14 $13,871.01
75 $13,871.01 $151.48 $0.00 $78.43 $14,100.92
76 $14,100.92 $151.48 $0.00 $79.73 $14,332.13
77 $14,332.13 $151.48 $0.00 $81.04 $14,564.65
78 $14,564.65 $151.48 $0.00 $82.35 $14,798.48
79 $14,798.48 $151.48 $0.00 $83.67 $15,033.63
80 $15,033.63 $151.48 $0.00 $85.00 $15,270.11
81 $15,270.11 $151.48 $0.00 $86.34 $15,507.93
82 $15,507.93 $151.48 $0.00 $87.68 $15,747.09
83 $15,747.09 $151.48 $0.00 $89.04 $15,987.61
84 $15,987.61 $151.48 $0.00 $90.40 $16,229.49
85 $16,229.49 $151.48 $0.00 $91.76 $16,472.73
86 $16,472.73 $151.48 $0.00 $93.14 $16,717.35
87 $16,717.35 $151.48 $0.00 $94.52 $16,963.35
88 $16,963.35 $151.48 $0.00 $95.91 $17,210.74
89 $17,210.74 $151.48 $0.00 $97.31 $17,459.53
90 $17,459.53 $151.48 $0.00 $98.72 $17,709.73
91 $17,709.73 $151.48 $0.00 $100.13 $17,961.34
92 $17,961.34 $151.48 $0.00 $101.56 $18,214.38
93 $18,214.38 $151.48 $0.00 $102.99 $18,468.85
94 $18,468.85 $151.48 $0.00 $104.43 $18,724.76
95 $18,724.76 $151.48 $0.00 $105.87 $18,982.11
96 $18,982.11 $151.48 $0.00 $107.33 $19,240.92
97 $19,240.92 $151.48 $0.00 $108.79 $19,501.19
98 $19,501.19 $151.48 $0.00 $110.26 $19,762.93
99 $19,762.93 $151.48 $0.00 $111.74 $20,026.15
100 $20,026.15 $151.48 $0.00 $113.23 $20,290.86
101 $20,290.86 $151.48 $0.00 $114.73 $20,557.07
102 $20,557.07 $151.48 $0.00 $116.23 $20,824.78
103 $20,824.78 $151.48 $0.00 $117.75 $21,094.01
104 $21,094.01 $151.48 $0.00 $119.27 $21,364.76
105 $21,364.76 $151.48 $0.00 $120.80 $21,637.04
106 $21,637.04 $151.48 $0.00 $122.34 $21,910.86
107 $21,910.86 $151.48 $0.00 $123.89 $22,186.23
108 $22,186.23 $151.48 $0.00 $125.44 $22,463.15
109 $22,463.15 $151.48 $0.00 $127.01 $22,741.64
110 $22,741.64 $151.48 $0.00 $128.58 $23,021.70
111 $23,021.70 $151.48 $0.00 $130.17 $23,303.35
112 $23,303.35 $151.48 $0.00 $131.76 $23,586.59
113 $23,586.59 $151.48 $0.00 $133.36 $23,871.43
114 $23,871.43 $151.48 $0.00 $134.97 $24,157.88
115 $24,157.88 $151.48 $0.00 $136.59 $24,445.95
116 $24,445.95 $151.48 $0.00 $138.22 $24,735.65
117 $24,735.65 $151.48 $0.00 $139.86 $25,026.99
118 $25,026.99 $151.48 $0.00 $141.51 $25,319.98
119 $25,319.98 $151.48 $0.00 $143.16 $25,614.62
120 $25,614.62 $151.48 $0.00 $144.83 $25,910.93
121 $25,910.93 $151.48 $0.00 $146.50 $26,208.91
122 $26,208.91 $151.48 $0.00 $148.19 $26,508.58
123 $26,508.58 $151.48 $0.00 $149.88 $26,809.94
124 $26,809.94 $151.48 $0.00 $151.59 $27,113.01
125 $27,113.01 $151.48 $0.00 $153.30 $27,417.79
126 $27,417.79 $151.48 $0.00 $155.02 $27,724.29
127 $27,724.29 $151.48 $0.00 $156.76 $28,032.53
128 $28,032.53 $151.48 $0.00 $158.50 $28,342.51
129 $28,342.51 $151.48 $0.00 $160.25 $28,654.24
130 $28,654.24 $151.48 $0.00 $162.02 $28,967.74
131 $28,967.74 $151.48 $0.00 $163.79 $29,283.01
132 $29,283.01 $151.48 $0.00 $165.57 $29,600.06
133 $29,600.06 $151.48 $0.00 $167.36 $29,918.90
134 $29,918.90 $151.48 $0.00 $169.17 $30,239.55
135 $30,239.55 $151.48 $0.00 $170.98 $30,562.01
136 $30,562.01 $151.48 $0.00 $172.80 $30,886.29
137 $30,886.29 $151.48 $0.00 $174.64 $31,212.41
138 $31,212.41 $151.48 $0.00 $176.48 $31,540.37
139 $31,540.37 $151.48 $0.00 $178.33 $31,870.18
140 $31,870.18 $151.48 $0.00 $180.20 $32,201.86
141 $32,201.86 $151.48 $0.00 $182.07 $32,535.41
142 $32,535.41 $151.48 $0.00 $183.96 $32,870.85
143 $32,870.85 $151.48 $0.00 $185.86 $33,208.19
144 $33,208.19 $151.48 $0.00 $187.76 $33,547.43
145 $33,547.43 $151.48 $0.00 $189.68 $33,888.59
146 $33,888.59 $151.48 $0.00 $191.61 $34,231.68
147 $34,231.68 $151.48 $0.00 $193.55 $34,576.71
148 $34,576.71 $151.48 $0.00 $195.50 $34,923.69
149 $34,923.69 $151.48 $0.00 $197.46 $35,272.63
150 $35,272.63 $151.48 $0.00 $199.44 $35,623.55
151 $35,623.55 $151.48 $0.00 $201.42 $35,976.45
152 $35,976.45 $151.48 $0.00 $203.42 $36,331.35
153 $36,331.35 $151.48 $0.00 $205.42 $36,688.25
154 $36,688.25 $151.48 $0.00 $207.44 $37,047.17
155 $37,047.17 $151.48 $0.00 $209.47 $37,408.12
156 $37,408.12 $151.48 $0.00 $211.51 $37,771.11
157 $37,771.11 $151.48 $0.00 $213.56 $38,136.15
158 $38,136.15 $151.48 $0.00 $215.63 $38,503.26
159 $38,503.26 $151.48 $0.00 $217.70 $38,872.44
160 $38,872.44 $151.48 $0.00 $219.79 $39,243.71
161 $39,243.71 $151.48 $0.00 $221.89 $39,617.08
162 $39,617.08 $151.48 $0.00 $224.00 $39,992.56
163 $39,992.56 $151.48 $0.00 $226.12 $40,370.16
164 $40,370.16 $151.48 $0.00 $228.26 $40,749.90
165 $40,749.90 $151.48 $0.00 $230.41 $41,131.79
166 $41,131.79 $151.48 $0.00 $232.57 $41,515.84
167 $41,515.84 $151.48 $0.00 $234.74 $41,902.06
168 $41,902.06 $151.48 $0.00 $236.92 $42,290.46
169 $42,290.46 $151.48 $0.00 $239.12 $42,681.06
170 $42,681.06 $151.48 $0.00 $241.32 $43,073.86
171 $43,073.86 $151.48 $0.00 $243.55 $43,468.89
172 $43,468.89 $151.48 $0.00 $245.78 $43,866.15
173 $43,866.15 $151.48 $0.00 $248.03 $44,265.66
174 $44,265.66 $151.48 $0.00 $250.28 $44,667.42
175 $44,667.42 $151.48 $0.00 $252.56 $45,071.46
176 $45,071.46 $151.48 $0.00 $254.84 $45,477.78
177 $45,477.78 $151.48 $0.00 $257.14 $45,886.40
178 $45,886.40 $151.48 $0.00 $259.45 $46,297.33
179 $46,297.33 $151.48 $0.00 $261.77 $46,710.58
180 $46,710.58 $151.48 $0.00 $264.11 $47,126.17
181 $47,126.17 $151.48 $0.00 $266.46 $47,544.11
182 $47,544.11 $151.48 $0.00 $268.82 $47,964.41
183 $47,964.41 $151.48 $0.00 $271.20 $48,387.09
184 $48,387.09 $151.48 $0.00 $273.59 $48,812.16
185 $48,812.16 $151.48 $0.00 $275.99 $49,239.63
186 $49,239.63 $151.48 $0.00 $278.41 $49,669.52
187 $49,669.52 $151.48 $0.00 $280.84 $50,101.84
188 $50,101.84 $151.48 $0.00 $283.28 $50,536.60
189 $50,536.60 $151.48 $0.00 $285.74 $50,973.82
190 $50,973.82 $151.48 $0.00 $288.21 $51,413.51
191 $51,413.51 $151.48 $0.00 $290.70 $51,855.69
192 $51,855.69 $151.48 $0.00 $293.20 $52,300.37
193 $52,300.37 $151.48 $0.00 $295.71 $52,747.56
194 $52,747.56 $151.48 $0.00 $298.24 $53,197.28
195 $53,197.28 $151.48 $0.00 $300.79 $53,649.55
196 $53,649.55 $151.48 $0.00 $303.34 $54,104.37
197 $54,104.37 $151.48 $0.00 $305.91 $54,561.76
198 $54,561.76 $151.48 $0.00 $308.50 $55,021.74
199 $55,021.74 $151.48 $0.00 $311.10 $55,484.32
200 $55,484.32 $151.48 $0.00 $313.72 $55,949.52
201 $55,949.52 $151.48 $0.00 $316.35 $56,417.35
202 $56,417.35 $151.48 $0.00 $318.99 $56,887.82
203 $56,887.82 $151.48 $0.00 $321.65 $57,360.95
204 $57,360.95 $151.48 $0.00 $324.33 $57,836.76
205 $57,836.76 $151.48 $0.00 $327.02 $58,315.26
206 $58,315.26 $151.48 $0.00 $329.72 $58,796.46
207 $58,796.46 $151.48 $0.00 $332.44 $59,280.38
208 $59,280.38 $151.48 $0.00 $335.18 $59,767.04
209 $59,767.04 $151.48 $0.00 $337.93 $60,256.45
210 $60,256.45 $151.48 $0.00 $340.70 $60,748.63
211 $60,748.63 $151.48 $0.00 $343.48 $61,243.59
212 $61,243.59 $151.48 $0.00 $346.28 $61,741.35
213 $61,741.35 $151.48 $0.00 $349.09 $62,241.92
214 $62,241.92 $151.48 $0.00 $351.92 $62,745.32
215 $62,745.32 $151.48 $0.00 $354.77 $63,251.57
216 $63,251.57 $151.48 $0.00 $357.63 $63,760.68
217 $63,760.68 $151.48 $33,252.26 $360.51 $31,020.41
218 $31,020.41 $151.48 $0.00 $175.39 $31,347.28
219 $31,347.28 $151.48 $0.00 $177.24 $31,676.00
220 $31,676.00 $151.48 $0.00 $179.10 $32,006.58
221 $32,006.58 $151.48 $0.00 $180.97 $32,339.03
222 $32,339.03 $151.48 $0.00 $182.85 $32,673.36
223 $32,673.36 $151.48 $0.00 $184.74 $33,009.58
224 $33,009.58 $151.48 $0.00 $186.64 $33,347.70
225 $33,347.70 $151.48 $0.00 $188.55 $33,687.73
226 $33,687.73 $151.48 $0.00 $190.48 $34,029.69
227 $34,029.69 $151.48 $0.00 $192.41 $34,373.58
228 $34,373.58 $151.48 $0.00 $194.35 $34,719.41
229 $34,719.41 $0.00 $34,914.87 $196.31 $0.85