Savings Plan and Future Cost Estimation for River Valley 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$103,576
Monthly savings required$460

How much will it cost to send your child to River Valley Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $207,151.18 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $460.18 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$29,608.00
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 $460.18 $0.00 $0.00 $460.18
2 $460.18 $460.18 $0.00 $2.60 $922.96
3 $922.96 $460.18 $0.00 $5.22 $1,388.36
4 $1,388.36 $460.18 $0.00 $7.85 $1,856.39
5 $1,856.39 $460.18 $0.00 $10.50 $2,327.07
6 $2,327.07 $460.18 $0.00 $13.16 $2,800.41
7 $2,800.41 $460.18 $0.00 $15.83 $3,276.42
8 $3,276.42 $460.18 $0.00 $18.53 $3,755.13
9 $3,755.13 $460.18 $0.00 $21.23 $4,236.54
10 $4,236.54 $460.18 $0.00 $23.95 $4,720.67
11 $4,720.67 $460.18 $0.00 $26.69 $5,207.54
12 $5,207.54 $460.18 $0.00 $29.44 $5,697.16
13 $5,697.16 $460.18 $0.00 $32.21 $6,189.55
14 $6,189.55 $460.18 $0.00 $35.00 $6,684.73
15 $6,684.73 $460.18 $0.00 $37.80 $7,182.71
16 $7,182.71 $460.18 $0.00 $40.61 $7,683.50
17 $7,683.50 $460.18 $0.00 $43.44 $8,187.12
18 $8,187.12 $460.18 $0.00 $46.29 $8,693.59
19 $8,693.59 $460.18 $0.00 $49.15 $9,202.92
20 $9,202.92 $460.18 $0.00 $52.03 $9,715.13
21 $9,715.13 $460.18 $0.00 $54.93 $10,230.24
22 $10,230.24 $460.18 $0.00 $57.84 $10,748.26
23 $10,748.26 $460.18 $0.00 $60.77 $11,269.21
24 $11,269.21 $460.18 $0.00 $63.72 $11,793.11
25 $11,793.11 $460.18 $0.00 $66.68 $12,319.97
26 $12,319.97 $460.18 $0.00 $69.66 $12,849.81
27 $12,849.81 $460.18 $0.00 $72.65 $13,382.64
28 $13,382.64 $460.18 $0.00 $75.67 $13,918.49
29 $13,918.49 $460.18 $0.00 $78.70 $14,457.37
30 $14,457.37 $460.18 $0.00 $81.74 $14,999.29
31 $14,999.29 $460.18 $0.00 $84.81 $15,544.28
32 $15,544.28 $460.18 $0.00 $87.89 $16,092.35
33 $16,092.35 $460.18 $0.00 $90.99 $16,643.52
34 $16,643.52 $460.18 $0.00 $94.10 $17,197.80
35 $17,197.80 $460.18 $0.00 $97.24 $17,755.22
36 $17,755.22 $460.18 $0.00 $100.39 $18,315.79
37 $18,315.79 $460.18 $0.00 $103.56 $18,879.53
38 $18,879.53 $460.18 $0.00 $106.75 $19,446.46
39 $19,446.46 $460.18 $0.00 $109.95 $20,016.59
40 $20,016.59 $460.18 $0.00 $113.18 $20,589.95
41 $20,589.95 $460.18 $0.00 $116.42 $21,166.55
42 $21,166.55 $460.18 $0.00 $119.68 $21,746.41
43 $21,746.41 $460.18 $0.00 $122.96 $22,329.55
44 $22,329.55 $460.18 $0.00 $126.25 $22,915.98
45 $22,915.98 $460.18 $0.00 $129.57 $23,505.73
46 $23,505.73 $460.18 $0.00 $132.90 $24,098.81
47 $24,098.81 $460.18 $0.00 $136.26 $24,695.25
48 $24,695.25 $460.18 $0.00 $139.63 $25,295.06
49 $25,295.06 $460.18 $0.00 $143.02 $25,898.26
50 $25,898.26 $460.18 $0.00 $146.43 $26,504.87
51 $26,504.87 $460.18 $0.00 $149.86 $27,114.91
52 $27,114.91 $460.18 $0.00 $153.31 $27,728.40
53 $27,728.40 $460.18 $0.00 $156.78 $28,345.36
54 $28,345.36 $460.18 $0.00 $160.27 $28,965.81
55 $28,965.81 $460.18 $0.00 $163.78 $29,589.77
56 $29,589.77 $460.18 $0.00 $167.30 $30,217.25
57 $30,217.25 $460.18 $0.00 $170.85 $30,848.28
58 $30,848.28 $460.18 $0.00 $174.42 $31,482.88
59 $31,482.88 $460.18 $0.00 $178.01 $32,121.07
60 $32,121.07 $460.18 $0.00 $181.62 $32,762.87
61 $32,762.87 $460.18 $0.00 $185.25 $33,408.30
62 $33,408.30 $460.18 $0.00 $188.90 $34,057.38
63 $34,057.38 $460.18 $0.00 $192.57 $34,710.13
64 $34,710.13 $460.18 $0.00 $196.26 $35,366.57
65 $35,366.57 $460.18 $0.00 $199.97 $36,026.72
66 $36,026.72 $460.18 $0.00 $203.70 $36,690.60
67 $36,690.60 $460.18 $0.00 $207.45 $37,358.23
68 $37,358.23 $460.18 $0.00 $211.23 $38,029.64
69 $38,029.64 $460.18 $0.00 $215.03 $38,704.85
70 $38,704.85 $460.18 $0.00 $218.84 $39,383.87
71 $39,383.87 $460.18 $0.00 $222.68 $40,066.73
72 $40,066.73 $460.18 $0.00 $226.54 $40,753.45
73 $40,753.45 $460.18 $0.00 $230.43 $41,444.06
74 $41,444.06 $460.18 $0.00 $234.33 $42,138.57
75 $42,138.57 $460.18 $0.00 $238.26 $42,837.01
76 $42,837.01 $460.18 $0.00 $242.21 $43,539.40
77 $43,539.40 $460.18 $0.00 $246.18 $44,245.76
78 $44,245.76 $460.18 $0.00 $250.17 $44,956.11
79 $44,956.11 $460.18 $0.00 $254.19 $45,670.48
80 $45,670.48 $460.18 $0.00 $258.23 $46,388.89
81 $46,388.89 $460.18 $0.00 $262.29 $47,111.36
82 $47,111.36 $460.18 $0.00 $266.37 $47,837.91
83 $47,837.91 $460.18 $0.00 $270.48 $48,568.57
84 $48,568.57 $460.18 $0.00 $274.61 $49,303.36
85 $49,303.36 $460.18 $0.00 $278.77 $50,042.31
86 $50,042.31 $460.18 $0.00 $282.95 $50,785.44
87 $50,785.44 $460.18 $0.00 $287.15 $51,532.77
88 $51,532.77 $460.18 $0.00 $291.37 $52,284.32
89 $52,284.32 $460.18 $0.00 $295.62 $53,040.12
90 $53,040.12 $460.18 $0.00 $299.90 $53,800.20
91 $53,800.20 $460.18 $0.00 $304.19 $54,564.57
92 $54,564.57 $460.18 $0.00 $308.52 $55,333.27
93 $55,333.27 $460.18 $0.00 $312.86 $56,106.31
94 $56,106.31 $460.18 $0.00 $317.23 $56,883.72
95 $56,883.72 $460.18 $0.00 $321.63 $57,665.53
96 $57,665.53 $460.18 $0.00 $326.05 $58,451.76
97 $58,451.76 $460.18 $0.00 $330.49 $59,242.43
98 $59,242.43 $460.18 $0.00 $334.97 $60,037.58
99 $60,037.58 $460.18 $0.00 $339.46 $60,837.22
100 $60,837.22 $460.18 $0.00 $343.98 $61,641.38
101 $61,641.38 $460.18 $0.00 $348.53 $62,450.09
102 $62,450.09 $460.18 $0.00 $353.10 $63,263.37
103 $63,263.37 $460.18 $0.00 $357.70 $64,081.25
104 $64,081.25 $460.18 $0.00 $362.32 $64,903.75
105 $64,903.75 $460.18 $0.00 $366.98 $65,730.91
106 $65,730.91 $460.18 $0.00 $371.65 $66,562.74
107 $66,562.74 $460.18 $0.00 $376.36 $67,399.28
108 $67,399.28 $460.18 $0.00 $381.09 $68,240.55
109 $68,240.55 $460.18 $0.00 $385.84 $69,086.57
110 $69,086.57 $460.18 $0.00 $390.63 $69,937.38
111 $69,937.38 $460.18 $0.00 $395.44 $70,793.00
112 $70,793.00 $460.18 $0.00 $400.27 $71,653.45
113 $71,653.45 $460.18 $0.00 $405.14 $72,518.77
114 $72,518.77 $460.18 $0.00 $410.03 $73,388.98
115 $73,388.98 $460.18 $0.00 $414.95 $74,264.11
116 $74,264.11 $460.18 $0.00 $419.90 $75,144.19
117 $75,144.19 $460.18 $0.00 $424.88 $76,029.25
118 $76,029.25 $460.18 $0.00 $429.88 $76,919.31
119 $76,919.31 $460.18 $0.00 $434.91 $77,814.40
120 $77,814.40 $460.18 $0.00 $439.97 $78,714.55
121 $78,714.55 $460.18 $0.00 $445.06 $79,619.79
122 $79,619.79 $460.18 $0.00 $450.18 $80,530.15
123 $80,530.15 $460.18 $0.00 $455.33 $81,445.66
124 $81,445.66 $460.18 $0.00 $460.51 $82,366.35
125 $82,366.35 $460.18 $0.00 $465.71 $83,292.24
126 $83,292.24 $460.18 $0.00 $470.95 $84,223.37
127 $84,223.37 $460.18 $0.00 $476.21 $85,159.76
128 $85,159.76 $460.18 $0.00 $481.51 $86,101.45
129 $86,101.45 $460.18 $0.00 $486.83 $87,048.46
130 $87,048.46 $460.18 $0.00 $492.18 $88,000.82
131 $88,000.82 $460.18 $0.00 $497.57 $88,958.57
132 $88,958.57 $460.18 $0.00 $502.98 $89,921.73
133 $89,921.73 $460.18 $0.00 $508.43 $90,890.34
134 $90,890.34 $460.18 $0.00 $513.91 $91,864.43
135 $91,864.43 $460.18 $0.00 $519.41 $92,844.02
136 $92,844.02 $460.18 $0.00 $524.95 $93,829.15
137 $93,829.15 $460.18 $0.00 $530.52 $94,819.85
138 $94,819.85 $460.18 $0.00 $536.13 $95,816.16
139 $95,816.16 $460.18 $0.00 $541.76 $96,818.10
140 $96,818.10 $460.18 $0.00 $547.42 $97,825.70
141 $97,825.70 $460.18 $0.00 $553.12 $98,839.00
142 $98,839.00 $460.18 $0.00 $558.85 $99,858.03
143 $99,858.03 $460.18 $0.00 $564.61 $100,882.82
144 $100,882.82 $460.18 $0.00 $570.41 $101,913.41
145 $101,913.41 $460.18 $0.00 $576.23 $102,949.82
146 $102,949.82 $460.18 $0.00 $582.09 $103,992.09
147 $103,992.09 $460.18 $0.00 $587.99 $105,040.26
148 $105,040.26 $460.18 $0.00 $593.91 $106,094.35
149 $106,094.35 $460.18 $0.00 $599.87 $107,154.40
150 $107,154.40 $460.18 $0.00 $605.87 $108,220.45
151 $108,220.45 $460.18 $0.00 $611.89 $109,292.52
152 $109,292.52 $460.18 $0.00 $617.96 $110,370.66
153 $110,370.66 $460.18 $0.00 $624.05 $111,454.89
154 $111,454.89 $460.18 $0.00 $630.18 $112,545.25
155 $112,545.25 $460.18 $0.00 $636.35 $113,641.78
156 $113,641.78 $460.18 $0.00 $642.55 $114,744.51
157 $114,744.51 $460.18 $0.00 $648.78 $115,853.47
158 $115,853.47 $460.18 $0.00 $655.05 $116,968.70
159 $116,968.70 $460.18 $0.00 $661.36 $118,090.24
160 $118,090.24 $460.18 $0.00 $667.70 $119,218.12
161 $119,218.12 $460.18 $0.00 $674.08 $120,352.38
162 $120,352.38 $460.18 $0.00 $680.49 $121,493.05
163 $121,493.05 $460.18 $0.00 $686.94 $122,640.17
164 $122,640.17 $460.18 $0.00 $693.43 $123,793.78
165 $123,793.78 $460.18 $0.00 $699.95 $124,953.91
166 $124,953.91 $460.18 $0.00 $706.51 $126,120.60
167 $126,120.60 $460.18 $0.00 $713.10 $127,293.88
168 $127,293.88 $460.18 $0.00 $719.74 $128,473.80
169 $128,473.80 $460.18 $0.00 $726.41 $129,660.39
170 $129,660.39 $460.18 $0.00 $733.12 $130,853.69
171 $130,853.69 $460.18 $0.00 $739.87 $132,053.74
172 $132,053.74 $460.18 $0.00 $746.65 $133,260.57
173 $133,260.57 $460.18 $0.00 $753.47 $134,474.22
174 $134,474.22 $460.18 $0.00 $760.34 $135,694.74
175 $135,694.74 $460.18 $0.00 $767.24 $136,922.16
176 $136,922.16 $460.18 $0.00 $774.18 $138,156.52
177 $138,156.52 $460.18 $0.00 $781.16 $139,397.86
178 $139,397.86 $460.18 $0.00 $788.18 $140,646.22
179 $140,646.22 $460.18 $0.00 $795.23 $141,901.63
180 $141,901.63 $460.18 $0.00 $802.33 $143,164.14
181 $143,164.14 $460.18 $0.00 $809.47 $144,433.79
182 $144,433.79 $460.18 $0.00 $816.65 $145,710.62
183 $145,710.62 $460.18 $0.00 $823.87 $146,994.67
184 $146,994.67 $460.18 $0.00 $831.13 $148,285.98
185 $148,285.98 $460.18 $0.00 $838.43 $149,584.59
186 $149,584.59 $460.18 $0.00 $845.77 $150,890.54
187 $150,890.54 $460.18 $0.00 $853.16 $152,203.88
188 $152,203.88 $460.18 $0.00 $860.58 $153,524.64
189 $153,524.64 $460.18 $0.00 $868.05 $154,852.87
190 $154,852.87 $460.18 $0.00 $875.56 $156,188.61
191 $156,188.61 $460.18 $0.00 $883.11 $157,531.90
192 $157,531.90 $460.18 $0.00 $890.71 $158,882.79
193 $158,882.79 $460.18 $0.00 $898.35 $160,241.32
194 $160,241.32 $460.18 $0.00 $906.03 $161,607.53
195 $161,607.53 $460.18 $0.00 $913.75 $162,981.46
196 $162,981.46 $460.18 $0.00 $921.52 $164,363.16
197 $164,363.16 $460.18 $0.00 $929.33 $165,752.67
198 $165,752.67 $460.18 $0.00 $937.19 $167,150.04
199 $167,150.04 $460.18 $0.00 $945.09 $168,555.31
200 $168,555.31 $460.18 $0.00 $953.04 $169,968.53
201 $169,968.53 $460.18 $0.00 $961.03 $171,389.74
202 $171,389.74 $460.18 $0.00 $969.06 $172,818.98
203 $172,818.98 $460.18 $0.00 $977.14 $174,256.30
204 $174,256.30 $460.18 $0.00 $985.27 $175,701.75
205 $175,701.75 $460.18 $0.00 $993.44 $177,155.37
206 $177,155.37 $460.18 $0.00 $1,001.66 $178,617.21
207 $178,617.21 $460.18 $0.00 $1,009.93 $180,087.32
208 $180,087.32 $460.18 $0.00 $1,018.24 $181,565.74
209 $181,565.74 $460.18 $0.00 $1,026.60 $183,052.52
210 $183,052.52 $460.18 $0.00 $1,035.01 $184,547.71
211 $184,547.71 $460.18 $0.00 $1,043.46 $186,051.35
212 $186,051.35 $460.18 $0.00 $1,051.96 $187,563.49
213 $187,563.49 $460.18 $0.00 $1,060.51 $189,084.18
214 $189,084.18 $460.18 $0.00 $1,069.11 $190,613.47
215 $190,613.47 $460.18 $0.00 $1,077.76 $192,151.41
216 $192,151.41 $460.18 $0.00 $1,086.45 $193,698.04
217 $193,698.04 $460.18 $100,073.03 $1,095.20 $95,180.39
218 $95,180.39 $460.18 $0.00 $538.16 $96,178.73
219 $96,178.73 $460.18 $0.00 $543.81 $97,182.72
220 $97,182.72 $460.18 $0.00 $549.49 $98,192.39
221 $98,192.39 $460.18 $0.00 $555.19 $99,207.76
222 $99,207.76 $460.18 $0.00 $560.94 $100,228.88
223 $100,228.88 $460.18 $0.00 $566.71 $101,255.77
224 $101,255.77 $460.18 $0.00 $572.51 $102,288.46
225 $102,288.46 $460.18 $0.00 $578.35 $103,326.99
226 $103,326.99 $460.18 $0.00 $584.23 $104,371.40
227 $104,371.40 $460.18 $0.00 $590.13 $105,421.71
228 $105,421.71 $460.18 $0.00 $596.07 $106,477.96
229 $106,477.96 $0.00 $107,078.15 $602.04 $1.85