Savings Plan and Future Cost Estimation for Ozarks Technical Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$63,248
Monthly savings required$281

How much will it cost to send your child to Ozarks Technical Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $126,495.99 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $281.00 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$18,080.00
Years until enrollment18
Annual Tuition Increase7%
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 $281.00 $0.00 $0.00 $281.00
2 $281.00 $281.00 $0.00 $1.59 $563.59
3 $563.59 $281.00 $0.00 $3.19 $847.78
4 $847.78 $281.00 $0.00 $4.79 $1,133.57
5 $1,133.57 $281.00 $0.00 $6.41 $1,420.98
6 $1,420.98 $281.00 $0.00 $8.03 $1,710.01
7 $1,710.01 $281.00 $0.00 $9.67 $2,000.68
8 $2,000.68 $281.00 $0.00 $11.31 $2,292.99
9 $2,292.99 $281.00 $0.00 $12.96 $2,586.95
10 $2,586.95 $281.00 $0.00 $14.63 $2,882.58
11 $2,882.58 $281.00 $0.00 $16.30 $3,179.88
12 $3,179.88 $281.00 $0.00 $17.98 $3,478.86
13 $3,478.86 $281.00 $0.00 $19.67 $3,779.53
14 $3,779.53 $281.00 $0.00 $21.37 $4,081.90
15 $4,081.90 $281.00 $0.00 $23.08 $4,385.98
16 $4,385.98 $281.00 $0.00 $24.80 $4,691.78
17 $4,691.78 $281.00 $0.00 $26.53 $4,999.31
18 $4,999.31 $281.00 $0.00 $28.27 $5,308.58
19 $5,308.58 $281.00 $0.00 $30.02 $5,619.60
20 $5,619.60 $281.00 $0.00 $31.77 $5,932.37
21 $5,932.37 $281.00 $0.00 $33.54 $6,246.91
22 $6,246.91 $281.00 $0.00 $35.32 $6,563.23
23 $6,563.23 $281.00 $0.00 $37.11 $6,881.34
24 $6,881.34 $281.00 $0.00 $38.91 $7,201.25
25 $7,201.25 $281.00 $0.00 $40.72 $7,522.97
26 $7,522.97 $281.00 $0.00 $42.54 $7,846.51
27 $7,846.51 $281.00 $0.00 $44.37 $8,171.88
28 $8,171.88 $281.00 $0.00 $46.20 $8,499.08
29 $8,499.08 $281.00 $0.00 $48.06 $8,828.14
30 $8,828.14 $281.00 $0.00 $49.92 $9,159.06
31 $9,159.06 $281.00 $0.00 $51.79 $9,491.85
32 $9,491.85 $281.00 $0.00 $53.67 $9,826.52
33 $9,826.52 $281.00 $0.00 $55.56 $10,163.08
34 $10,163.08 $281.00 $0.00 $57.46 $10,501.54
35 $10,501.54 $281.00 $0.00 $59.38 $10,841.92
36 $10,841.92 $281.00 $0.00 $61.30 $11,184.22
37 $11,184.22 $281.00 $0.00 $63.24 $11,528.46
38 $11,528.46 $281.00 $0.00 $65.18 $11,874.64
39 $11,874.64 $281.00 $0.00 $67.14 $12,222.78
40 $12,222.78 $281.00 $0.00 $69.11 $12,572.89
41 $12,572.89 $281.00 $0.00 $71.09 $12,924.98
42 $12,924.98 $281.00 $0.00 $73.08 $13,279.06
43 $13,279.06 $281.00 $0.00 $75.08 $13,635.14
44 $13,635.14 $281.00 $0.00 $77.10 $13,993.24
45 $13,993.24 $281.00 $0.00 $79.12 $14,353.36
46 $14,353.36 $281.00 $0.00 $81.16 $14,715.52
47 $14,715.52 $281.00 $0.00 $83.20 $15,079.72
48 $15,079.72 $281.00 $0.00 $85.26 $15,445.98
49 $15,445.98 $281.00 $0.00 $87.33 $15,814.31
50 $15,814.31 $281.00 $0.00 $89.42 $16,184.73
51 $16,184.73 $281.00 $0.00 $91.51 $16,557.24
52 $16,557.24 $281.00 $0.00 $93.62 $16,931.86
53 $16,931.86 $281.00 $0.00 $95.74 $17,308.60
54 $17,308.60 $281.00 $0.00 $97.87 $17,687.47
55 $17,687.47 $281.00 $0.00 $100.01 $18,068.48
56 $18,068.48 $281.00 $0.00 $102.16 $18,451.64
57 $18,451.64 $281.00 $0.00 $104.33 $18,836.97
58 $18,836.97 $281.00 $0.00 $106.51 $19,224.48
59 $19,224.48 $281.00 $0.00 $108.70 $19,614.18
60 $19,614.18 $281.00 $0.00 $110.90 $20,006.08
61 $20,006.08 $281.00 $0.00 $113.12 $20,400.20
62 $20,400.20 $281.00 $0.00 $115.35 $20,796.55
63 $20,796.55 $281.00 $0.00 $117.59 $21,195.14
64 $21,195.14 $281.00 $0.00 $119.84 $21,595.98
65 $21,595.98 $281.00 $0.00 $122.11 $21,999.09
66 $21,999.09 $281.00 $0.00 $124.39 $22,404.48
67 $22,404.48 $281.00 $0.00 $126.68 $22,812.16
68 $22,812.16 $281.00 $0.00 $128.98 $23,222.14
69 $23,222.14 $281.00 $0.00 $131.30 $23,634.44
70 $23,634.44 $281.00 $0.00 $133.63 $24,049.07
71 $24,049.07 $281.00 $0.00 $135.98 $24,466.05
72 $24,466.05 $281.00 $0.00 $138.33 $24,885.38
73 $24,885.38 $281.00 $0.00 $140.71 $25,307.09
74 $25,307.09 $281.00 $0.00 $143.09 $25,731.18
75 $25,731.18 $281.00 $0.00 $145.49 $26,157.67
76 $26,157.67 $281.00 $0.00 $147.90 $26,586.57
77 $26,586.57 $281.00 $0.00 $150.32 $27,017.89
78 $27,017.89 $281.00 $0.00 $152.76 $27,451.65
79 $27,451.65 $281.00 $0.00 $155.22 $27,887.87
80 $27,887.87 $281.00 $0.00 $157.68 $28,326.55
81 $28,326.55 $281.00 $0.00 $160.16 $28,767.71
82 $28,767.71 $281.00 $0.00 $162.66 $29,211.37
83 $29,211.37 $281.00 $0.00 $165.17 $29,657.54
84 $29,657.54 $281.00 $0.00 $167.69 $30,106.23
85 $30,106.23 $281.00 $0.00 $170.23 $30,557.46
86 $30,557.46 $281.00 $0.00 $172.78 $31,011.24
87 $31,011.24 $281.00 $0.00 $175.34 $31,467.58
88 $31,467.58 $281.00 $0.00 $177.92 $31,926.50
89 $31,926.50 $281.00 $0.00 $180.52 $32,388.02
90 $32,388.02 $281.00 $0.00 $183.13 $32,852.15
91 $32,852.15 $281.00 $0.00 $185.75 $33,318.90
92 $33,318.90 $281.00 $0.00 $188.39 $33,788.29
93 $33,788.29 $281.00 $0.00 $191.04 $34,260.33
94 $34,260.33 $281.00 $0.00 $193.71 $34,735.04
95 $34,735.04 $281.00 $0.00 $196.40 $35,212.44
96 $35,212.44 $281.00 $0.00 $199.10 $35,692.54
97 $35,692.54 $281.00 $0.00 $201.81 $36,175.35
98 $36,175.35 $281.00 $0.00 $204.54 $36,660.89
99 $36,660.89 $281.00 $0.00 $207.29 $37,149.18
100 $37,149.18 $281.00 $0.00 $210.05 $37,640.23
101 $37,640.23 $281.00 $0.00 $212.82 $38,134.05
102 $38,134.05 $281.00 $0.00 $215.62 $38,630.67
103 $38,630.67 $281.00 $0.00 $218.42 $39,130.09
104 $39,130.09 $281.00 $0.00 $221.25 $39,632.34
105 $39,632.34 $281.00 $0.00 $224.09 $40,137.43
106 $40,137.43 $281.00 $0.00 $226.94 $40,645.37
107 $40,645.37 $281.00 $0.00 $229.81 $41,156.18
108 $41,156.18 $281.00 $0.00 $232.70 $41,669.88
109 $41,669.88 $281.00 $0.00 $235.61 $42,186.49
110 $42,186.49 $281.00 $0.00 $238.53 $42,706.02
111 $42,706.02 $281.00 $0.00 $241.47 $43,228.49
112 $43,228.49 $281.00 $0.00 $244.42 $43,753.91
113 $43,753.91 $281.00 $0.00 $247.39 $44,282.30
114 $44,282.30 $281.00 $0.00 $250.38 $44,813.68
115 $44,813.68 $281.00 $0.00 $253.38 $45,348.06
116 $45,348.06 $281.00 $0.00 $256.40 $45,885.46
117 $45,885.46 $281.00 $0.00 $259.44 $46,425.90
118 $46,425.90 $281.00 $0.00 $262.50 $46,969.40
119 $46,969.40 $281.00 $0.00 $265.57 $47,515.97
120 $47,515.97 $281.00 $0.00 $268.66 $48,065.63
121 $48,065.63 $281.00 $0.00 $271.77 $48,618.40
122 $48,618.40 $281.00 $0.00 $274.90 $49,174.30
123 $49,174.30 $281.00 $0.00 $278.04 $49,733.34
124 $49,733.34 $281.00 $0.00 $281.20 $50,295.54
125 $50,295.54 $281.00 $0.00 $284.38 $50,860.92
126 $50,860.92 $281.00 $0.00 $287.58 $51,429.50
127 $51,429.50 $281.00 $0.00 $290.79 $52,001.29
128 $52,001.29 $281.00 $0.00 $294.02 $52,576.31
129 $52,576.31 $281.00 $0.00 $297.27 $53,154.58
130 $53,154.58 $281.00 $0.00 $300.54 $53,736.12
131 $53,736.12 $281.00 $0.00 $303.83 $54,320.95
132 $54,320.95 $281.00 $0.00 $307.14 $54,909.09
133 $54,909.09 $281.00 $0.00 $310.46 $55,500.55
134 $55,500.55 $281.00 $0.00 $313.81 $56,095.36
135 $56,095.36 $281.00 $0.00 $317.17 $56,693.53
136 $56,693.53 $281.00 $0.00 $320.55 $57,295.08
137 $57,295.08 $281.00 $0.00 $323.95 $57,900.03
138 $57,900.03 $281.00 $0.00 $327.38 $58,508.41
139 $58,508.41 $281.00 $0.00 $330.82 $59,120.23
140 $59,120.23 $281.00 $0.00 $334.27 $59,735.50
141 $59,735.50 $281.00 $0.00 $337.75 $60,354.25
142 $60,354.25 $281.00 $0.00 $341.25 $60,976.50
143 $60,976.50 $281.00 $0.00 $344.77 $61,602.27
144 $61,602.27 $281.00 $0.00 $348.31 $62,231.58
145 $62,231.58 $281.00 $0.00 $351.87 $62,864.45
146 $62,864.45 $281.00 $0.00 $355.44 $63,500.89
147 $63,500.89 $281.00 $0.00 $359.04 $64,140.93
148 $64,140.93 $281.00 $0.00 $362.66 $64,784.59
149 $64,784.59 $281.00 $0.00 $366.30 $65,431.89
150 $65,431.89 $281.00 $0.00 $369.96 $66,082.85
151 $66,082.85 $281.00 $0.00 $373.64 $66,737.49
152 $66,737.49 $281.00 $0.00 $377.34 $67,395.83
153 $67,395.83 $281.00 $0.00 $381.07 $68,057.90
154 $68,057.90 $281.00 $0.00 $384.81 $68,723.71
155 $68,723.71 $281.00 $0.00 $388.57 $69,393.28
156 $69,393.28 $281.00 $0.00 $392.36 $70,066.64
157 $70,066.64 $281.00 $0.00 $396.17 $70,743.81
158 $70,743.81 $281.00 $0.00 $400.00 $71,424.81
159 $71,424.81 $281.00 $0.00 $403.85 $72,109.66
160 $72,109.66 $281.00 $0.00 $407.72 $72,798.38
161 $72,798.38 $281.00 $0.00 $411.61 $73,490.99
162 $73,490.99 $281.00 $0.00 $415.53 $74,187.52
163 $74,187.52 $281.00 $0.00 $419.47 $74,887.99
164 $74,887.99 $281.00 $0.00 $423.43 $75,592.42
165 $75,592.42 $281.00 $0.00 $427.41 $76,300.83
166 $76,300.83 $281.00 $0.00 $431.42 $77,013.25
167 $77,013.25 $281.00 $0.00 $435.44 $77,729.69
168 $77,729.69 $281.00 $0.00 $439.49 $78,450.18
169 $78,450.18 $281.00 $0.00 $443.57 $79,174.75
170 $79,174.75 $281.00 $0.00 $447.67 $79,903.42
171 $79,903.42 $281.00 $0.00 $451.79 $80,636.21
172 $80,636.21 $281.00 $0.00 $455.93 $81,373.14
173 $81,373.14 $281.00 $0.00 $460.10 $82,114.24
174 $82,114.24 $281.00 $0.00 $464.29 $82,859.53
175 $82,859.53 $281.00 $0.00 $468.50 $83,609.03
176 $83,609.03 $281.00 $0.00 $472.74 $84,362.77
177 $84,362.77 $281.00 $0.00 $477.00 $85,120.77
178 $85,120.77 $281.00 $0.00 $481.29 $85,883.06
179 $85,883.06 $281.00 $0.00 $485.60 $86,649.66
180 $86,649.66 $281.00 $0.00 $489.93 $87,420.59
181 $87,420.59 $281.00 $0.00 $494.29 $88,195.88
182 $88,195.88 $281.00 $0.00 $498.67 $88,975.55
183 $88,975.55 $281.00 $0.00 $503.08 $89,759.63
184 $89,759.63 $281.00 $0.00 $507.51 $90,548.14
185 $90,548.14 $281.00 $0.00 $511.97 $91,341.11
186 $91,341.11 $281.00 $0.00 $516.46 $92,138.57
187 $92,138.57 $281.00 $0.00 $520.96 $92,940.53
188 $92,940.53 $281.00 $0.00 $525.50 $93,747.03
189 $93,747.03 $281.00 $0.00 $530.06 $94,558.09
190 $94,558.09 $281.00 $0.00 $534.65 $95,373.74
191 $95,373.74 $281.00 $0.00 $539.26 $96,194.00
192 $96,194.00 $281.00 $0.00 $543.89 $97,018.89
193 $97,018.89 $281.00 $0.00 $548.56 $97,848.45
194 $97,848.45 $281.00 $0.00 $553.25 $98,682.70
195 $98,682.70 $281.00 $0.00 $557.97 $99,521.67
196 $99,521.67 $281.00 $0.00 $562.71 $100,365.38
197 $100,365.38 $281.00 $0.00 $567.48 $101,213.86
198 $101,213.86 $281.00 $0.00 $572.28 $102,067.14
199 $102,067.14 $281.00 $0.00 $577.10 $102,925.24
200 $102,925.24 $281.00 $0.00 $581.95 $103,788.19
201 $103,788.19 $281.00 $0.00 $586.83 $104,656.02
202 $104,656.02 $281.00 $0.00 $591.74 $105,528.76
203 $105,528.76 $281.00 $0.00 $596.67 $106,406.43
204 $106,406.43 $281.00 $0.00 $601.64 $107,289.07
205 $107,289.07 $281.00 $0.00 $606.63 $108,176.70
206 $108,176.70 $281.00 $0.00 $611.65 $109,069.35
207 $109,069.35 $281.00 $0.00 $616.69 $109,967.04
208 $109,967.04 $281.00 $0.00 $621.77 $110,869.81
209 $110,869.81 $281.00 $0.00 $626.87 $111,777.68
210 $111,777.68 $281.00 $0.00 $632.01 $112,690.69
211 $112,690.69 $281.00 $0.00 $637.17 $113,608.86
212 $113,608.86 $281.00 $0.00 $642.36 $114,532.22
213 $114,532.22 $281.00 $0.00 $647.58 $115,460.80
214 $115,460.80 $281.00 $0.00 $652.83 $116,394.63
215 $116,394.63 $281.00 $0.00 $658.11 $117,333.74
216 $117,333.74 $281.00 $0.00 $663.42 $118,278.16
217 $118,278.16 $281.00 $61,109.18 $668.76 $58,118.74
218 $58,118.74 $281.00 $0.00 $328.61 $58,728.35
219 $58,728.35 $281.00 $0.00 $332.06 $59,341.41
220 $59,341.41 $281.00 $0.00 $335.52 $59,957.93
221 $59,957.93 $281.00 $0.00 $339.01 $60,577.94
222 $60,577.94 $281.00 $0.00 $342.52 $61,201.46
223 $61,201.46 $281.00 $0.00 $346.04 $61,828.50
224 $61,828.50 $281.00 $0.00 $349.59 $62,459.09
225 $62,459.09 $281.00 $0.00 $353.15 $63,093.24
226 $63,093.24 $281.00 $0.00 $356.74 $63,730.98
227 $63,730.98 $281.00 $0.00 $360.34 $64,372.32
228 $64,372.32 $281.00 $0.00 $363.97 $65,017.29
229 $65,017.29 $0.00 $65,386.82 $367.62 -$1.91