Quantcast

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$52,261
Monthly savings required$232

How much will it cost to send your child to Erie Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $104,522.60 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $232.27 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$21,186.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Erie Community College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $232.27 $0.00 $0.00 $232.27
2 $232.27 $232.27 $0.00 $1.31 $465.85
3 $465.85 $232.27 $0.00 $2.63 $700.75
4 $700.75 $232.27 $0.00 $3.96 $936.98
5 $936.98 $232.27 $0.00 $5.30 $1,174.55
6 $1,174.55 $232.27 $0.00 $6.64 $1,413.46
7 $1,413.46 $232.27 $0.00 $7.99 $1,653.72
8 $1,653.72 $232.27 $0.00 $9.35 $1,895.34
9 $1,895.34 $232.27 $0.00 $10.72 $2,138.33
10 $2,138.33 $232.27 $0.00 $12.09 $2,382.69
11 $2,382.69 $232.27 $0.00 $13.47 $2,628.43
12 $2,628.43 $232.27 $0.00 $14.86 $2,875.56
13 $2,875.56 $232.27 $0.00 $16.26 $3,124.09
14 $3,124.09 $232.27 $0.00 $17.66 $3,374.02
15 $3,374.02 $232.27 $0.00 $19.08 $3,625.37
16 $3,625.37 $232.27 $0.00 $20.50 $3,878.14
17 $3,878.14 $232.27 $0.00 $21.93 $4,132.34
18 $4,132.34 $232.27 $0.00 $23.36 $4,387.97
19 $4,387.97 $232.27 $0.00 $24.81 $4,645.05
20 $4,645.05 $232.27 $0.00 $26.26 $4,903.58
21 $4,903.58 $232.27 $0.00 $27.73 $5,163.58
22 $5,163.58 $232.27 $0.00 $29.20 $5,425.05
23 $5,425.05 $232.27 $0.00 $30.67 $5,687.99
24 $5,687.99 $232.27 $0.00 $32.16 $5,952.42
25 $5,952.42 $232.27 $0.00 $33.66 $6,218.35
26 $6,218.35 $232.27 $0.00 $35.16 $6,485.78
27 $6,485.78 $232.27 $0.00 $36.67 $6,754.72
28 $6,754.72 $232.27 $0.00 $38.19 $7,025.18
29 $7,025.18 $232.27 $0.00 $39.72 $7,297.17
30 $7,297.17 $232.27 $0.00 $41.26 $7,570.70
31 $7,570.70 $232.27 $0.00 $42.81 $7,845.78
32 $7,845.78 $232.27 $0.00 $44.36 $8,122.41
33 $8,122.41 $232.27 $0.00 $45.93 $8,400.61
34 $8,400.61 $232.27 $0.00 $47.50 $8,680.38
35 $8,680.38 $232.27 $0.00 $49.08 $8,961.73
36 $8,961.73 $232.27 $0.00 $50.67 $9,244.67
37 $9,244.67 $232.27 $0.00 $52.27 $9,529.21
38 $9,529.21 $232.27 $0.00 $53.88 $9,815.36
39 $9,815.36 $232.27 $0.00 $55.50 $10,103.13
40 $10,103.13 $232.27 $0.00 $57.12 $10,392.52
41 $10,392.52 $232.27 $0.00 $58.76 $10,683.55
42 $10,683.55 $232.27 $0.00 $60.41 $10,976.23
43 $10,976.23 $232.27 $0.00 $62.06 $11,270.56
44 $11,270.56 $232.27 $0.00 $63.73 $11,566.56
45 $11,566.56 $232.27 $0.00 $65.40 $11,864.23
46 $11,864.23 $232.27 $0.00 $67.08 $12,163.58
47 $12,163.58 $232.27 $0.00 $68.77 $12,464.62
48 $12,464.62 $232.27 $0.00 $70.48 $12,767.37
49 $12,767.37 $232.27 $0.00 $72.19 $13,071.83
50 $13,071.83 $232.27 $0.00 $73.91 $13,378.01
51 $13,378.01 $232.27 $0.00 $75.64 $13,685.92
52 $13,685.92 $232.27 $0.00 $77.38 $13,995.57
53 $13,995.57 $232.27 $0.00 $79.13 $14,306.97
54 $14,306.97 $232.27 $0.00 $80.89 $14,620.13
55 $14,620.13 $232.27 $0.00 $82.66 $14,935.06
56 $14,935.06 $232.27 $0.00 $84.45 $15,251.78
57 $15,251.78 $232.27 $0.00 $86.24 $15,570.29
58 $15,570.29 $232.27 $0.00 $88.04 $15,890.60
59 $15,890.60 $232.27 $0.00 $89.85 $16,212.72
60 $16,212.72 $232.27 $0.00 $91.67 $16,536.66
61 $16,536.66 $232.27 $0.00 $93.50 $16,862.43
62 $16,862.43 $232.27 $0.00 $95.34 $17,190.04
63 $17,190.04 $232.27 $0.00 $97.19 $17,519.50
64 $17,519.50 $232.27 $0.00 $99.06 $17,850.83
65 $17,850.83 $232.27 $0.00 $100.93 $18,184.03
66 $18,184.03 $232.27 $0.00 $102.82 $18,519.12
67 $18,519.12 $232.27 $0.00 $104.71 $18,856.10
68 $18,856.10 $232.27 $0.00 $106.62 $19,194.99
69 $19,194.99 $232.27 $0.00 $108.53 $19,535.79
70 $19,535.79 $232.27 $0.00 $110.46 $19,878.52
71 $19,878.52 $232.27 $0.00 $112.40 $20,223.19
72 $20,223.19 $232.27 $0.00 $114.34 $20,569.80
73 $20,569.80 $232.27 $0.00 $116.30 $20,918.37
74 $20,918.37 $232.27 $0.00 $118.28 $21,268.92
75 $21,268.92 $232.27 $0.00 $120.26 $21,621.45
76 $21,621.45 $232.27 $0.00 $122.25 $21,975.97
77 $21,975.97 $232.27 $0.00 $124.26 $22,332.50
78 $22,332.50 $232.27 $0.00 $126.27 $22,691.04
79 $22,691.04 $232.27 $0.00 $128.30 $23,051.61
80 $23,051.61 $232.27 $0.00 $130.34 $23,414.22
81 $23,414.22 $232.27 $0.00 $132.39 $23,778.88
82 $23,778.88 $232.27 $0.00 $134.45 $24,145.60
83 $24,145.60 $232.27 $0.00 $136.52 $24,514.39
84 $24,514.39 $232.27 $0.00 $138.61 $24,885.27
85 $24,885.27 $232.27 $0.00 $140.70 $25,258.24
86 $25,258.24 $232.27 $0.00 $142.81 $25,633.32
87 $25,633.32 $232.27 $0.00 $144.93 $26,010.52
88 $26,010.52 $232.27 $0.00 $147.07 $26,389.86
89 $26,389.86 $232.27 $0.00 $149.21 $26,771.34
90 $26,771.34 $232.27 $0.00 $151.37 $27,154.98
91 $27,154.98 $232.27 $0.00 $153.54 $27,540.79
92 $27,540.79 $232.27 $0.00 $155.72 $27,928.78
93 $27,928.78 $232.27 $0.00 $157.91 $28,318.96
94 $28,318.96 $232.27 $0.00 $160.12 $28,711.35
95 $28,711.35 $232.27 $0.00 $162.34 $29,105.96
96 $29,105.96 $232.27 $0.00 $164.57 $29,502.80
97 $29,502.80 $232.27 $0.00 $166.81 $29,901.88
98 $29,901.88 $232.27 $0.00 $169.07 $30,303.22
99 $30,303.22 $232.27 $0.00 $171.34 $30,706.83
100 $30,706.83 $232.27 $0.00 $173.62 $31,112.72
101 $31,112.72 $232.27 $0.00 $175.92 $31,520.91
102 $31,520.91 $232.27 $0.00 $178.22 $31,931.40
103 $31,931.40 $232.27 $0.00 $180.54 $32,344.21
104 $32,344.21 $232.27 $0.00 $182.88 $32,759.36
105 $32,759.36 $232.27 $0.00 $185.23 $33,176.86
106 $33,176.86 $232.27 $0.00 $187.59 $33,596.72
107 $33,596.72 $232.27 $0.00 $189.96 $34,018.95
108 $34,018.95 $232.27 $0.00 $192.35 $34,443.57
109 $34,443.57 $232.27 $0.00 $194.75 $34,870.59
110 $34,870.59 $232.27 $0.00 $197.16 $35,300.02
111 $35,300.02 $232.27 $0.00 $199.59 $35,731.88
112 $35,731.88 $232.27 $0.00 $202.03 $36,166.18
113 $36,166.18 $232.27 $0.00 $204.49 $36,602.94
114 $36,602.94 $232.27 $0.00 $206.96 $37,042.17
115 $37,042.17 $232.27 $0.00 $209.44 $37,483.88
116 $37,483.88 $232.27 $0.00 $211.94 $37,928.09
117 $37,928.09 $232.27 $0.00 $214.45 $38,374.81
118 $38,374.81 $232.27 $0.00 $216.98 $38,824.06
119 $38,824.06 $232.27 $0.00 $219.52 $39,275.85
120 $39,275.85 $232.27 $0.00 $222.07 $39,730.19
121 $39,730.19 $232.27 $0.00 $224.64 $40,187.10
122 $40,187.10 $232.27 $0.00 $227.22 $40,646.59
123 $40,646.59 $232.27 $0.00 $229.82 $41,108.68
124 $41,108.68 $232.27 $0.00 $232.43 $41,573.38
125 $41,573.38 $232.27 $0.00 $235.06 $42,040.71
126 $42,040.71 $232.27 $0.00 $237.70 $42,510.68
127 $42,510.68 $232.27 $0.00 $240.36 $42,983.31
128 $42,983.31 $232.27 $0.00 $243.03 $43,458.61
129 $43,458.61 $232.27 $0.00 $245.72 $43,936.60
130 $43,936.60 $232.27 $0.00 $248.42 $44,417.29
131 $44,417.29 $232.27 $0.00 $251.14 $44,900.70
132 $44,900.70 $232.27 $0.00 $253.88 $45,386.85
133 $45,386.85 $232.27 $0.00 $256.62 $45,875.74
134 $45,875.74 $232.27 $0.00 $259.39 $46,367.40
135 $46,367.40 $232.27 $0.00 $262.17 $46,861.84
136 $46,861.84 $232.27 $0.00 $264.96 $47,359.07
137 $47,359.07 $232.27 $0.00 $267.78 $47,859.12
138 $47,859.12 $232.27 $0.00 $270.60 $48,361.99
139 $48,361.99 $232.27 $0.00 $273.45 $48,867.71
140 $48,867.71 $232.27 $0.00 $276.31 $49,376.29
141 $49,376.29 $232.27 $0.00 $279.18 $49,887.74
142 $49,887.74 $232.27 $0.00 $282.07 $50,402.08
143 $50,402.08 $232.27 $0.00 $284.98 $50,919.33
144 $50,919.33 $232.27 $0.00 $287.91 $51,439.51
145 $51,439.51 $232.27 $0.00 $290.85 $51,962.63
146 $51,962.63 $232.27 $0.00 $293.80 $52,488.70
147 $52,488.70 $232.27 $0.00 $296.78 $53,017.75
148 $53,017.75 $232.27 $0.00 $299.77 $53,549.79
149 $53,549.79 $232.27 $0.00 $302.78 $54,084.84
150 $54,084.84 $232.27 $0.00 $305.80 $54,622.91
151 $54,622.91 $232.27 $0.00 $308.85 $55,164.03
152 $55,164.03 $232.27 $0.00 $311.91 $55,708.21
153 $55,708.21 $232.27 $0.00 $314.98 $56,255.46
154 $56,255.46 $232.27 $0.00 $318.08 $56,805.81
155 $56,805.81 $232.27 $0.00 $321.19 $57,359.27
156 $57,359.27 $232.27 $0.00 $324.32 $57,915.86
157 $57,915.86 $232.27 $0.00 $327.46 $58,475.59
158 $58,475.59 $232.27 $0.00 $330.63 $59,038.49
159 $59,038.49 $232.27 $0.00 $333.81 $59,604.57
160 $59,604.57 $232.27 $0.00 $337.01 $60,173.85
161 $60,173.85 $232.27 $0.00 $340.23 $60,746.35
162 $60,746.35 $232.27 $0.00 $343.47 $61,322.09
163 $61,322.09 $232.27 $0.00 $346.72 $61,901.08
164 $61,901.08 $232.27 $0.00 $350.00 $62,483.35
165 $62,483.35 $232.27 $0.00 $353.29 $63,068.91
166 $63,068.91 $232.27 $0.00 $356.60 $63,657.78
167 $63,657.78 $232.27 $0.00 $359.93 $64,249.98
168 $64,249.98 $232.27 $0.00 $363.28 $64,845.53
169 $64,845.53 $232.27 $0.00 $366.65 $65,444.45
170 $65,444.45 $232.27 $0.00 $370.03 $66,046.75
171 $66,046.75 $232.27 $0.00 $373.44 $66,652.46
172 $66,652.46 $232.27 $0.00 $376.86 $67,261.59
173 $67,261.59 $232.27 $0.00 $380.31 $67,874.17
174 $67,874.17 $232.27 $0.00 $383.77 $68,490.21
175 $68,490.21 $232.27 $0.00 $387.25 $69,109.73
176 $69,109.73 $232.27 $0.00 $390.76 $69,732.76
177 $69,732.76 $232.27 $0.00 $394.28 $70,359.31
178 $70,359.31 $232.27 $0.00 $397.82 $70,989.40
179 $70,989.40 $232.27 $0.00 $401.38 $71,623.05
180 $71,623.05 $232.27 $0.00 $404.97 $72,260.29
181 $72,260.29 $232.27 $0.00 $408.57 $72,901.13
182 $72,901.13 $232.27 $0.00 $412.19 $73,545.59
183 $73,545.59 $232.27 $0.00 $415.84 $74,193.70
184 $74,193.70 $232.27 $0.00 $419.50 $74,845.47
185 $74,845.47 $232.27 $0.00 $423.19 $75,500.93
186 $75,500.93 $232.27 $0.00 $426.89 $76,160.09
187 $76,160.09 $232.27 $0.00 $430.62 $76,822.98
188 $76,822.98 $232.27 $0.00 $434.37 $77,489.62
189 $77,489.62 $232.27 $0.00 $438.14 $78,160.03
190 $78,160.03 $232.27 $0.00 $441.93 $78,834.23
191 $78,834.23 $232.27 $0.00 $445.74 $79,512.24
192 $79,512.24 $232.27 $0.00 $449.57 $80,194.08
193 $80,194.08 $232.27 $0.00 $453.43 $80,879.78
194 $80,879.78 $232.27 $0.00 $457.31 $81,569.36
195 $81,569.36 $232.27 $0.00 $461.21 $82,262.84
196 $82,262.84 $232.27 $0.00 $465.13 $82,960.24
197 $82,960.24 $232.27 $0.00 $469.07 $83,661.58
198 $83,661.58 $232.27 $0.00 $473.03 $84,366.88
199 $84,366.88 $232.27 $0.00 $477.02 $85,076.17
200 $85,076.17 $232.27 $0.00 $481.03 $85,789.47
201 $85,789.47 $232.27 $0.00 $485.07 $86,506.81
202 $86,506.81 $232.27 $0.00 $489.12 $87,228.20
203 $87,228.20 $232.27 $0.00 $493.20 $87,953.67
204 $87,953.67 $232.27 $0.00 $497.30 $88,683.24
205 $88,683.24 $232.27 $0.00 $501.43 $89,416.94
206 $89,416.94 $232.27 $0.00 $505.58 $90,154.79
207 $90,154.79 $232.27 $0.00 $509.75 $90,896.81
208 $90,896.81 $232.27 $0.00 $513.94 $91,643.02
209 $91,643.02 $232.27 $0.00 $518.16 $92,393.45
210 $92,393.45 $232.27 $0.00 $522.41 $93,148.13
211 $93,148.13 $232.27 $0.00 $526.67 $93,907.07
212 $93,907.07 $232.27 $0.00 $530.96 $94,670.30
213 $94,670.30 $232.27 $0.00 $535.28 $95,437.85
214 $95,437.85 $232.27 $0.00 $539.62 $96,209.74
215 $96,209.74 $232.27 $0.00 $543.98 $96,985.99
216 $96,985.99 $232.27 $0.00 $548.37 $97,766.63
217 $97,766.63 $232.27 $50,986.64 $552.79 $47,565.05
218 $47,565.05 $232.27 $0.00 $268.94 $48,066.26
219 $48,066.26 $232.27 $0.00 $271.77 $48,570.30
220 $48,570.30 $232.27 $0.00 $274.62 $49,077.19
221 $49,077.19 $232.27 $0.00 $277.49 $49,586.95
222 $49,586.95 $232.27 $0.00 $280.37 $50,099.59
223 $50,099.59 $232.27 $0.00 $283.27 $50,615.13
224 $50,615.13 $232.27 $0.00 $286.19 $51,133.59
225 $51,133.59 $232.27 $0.00 $289.12 $51,654.98
226 $51,654.98 $232.27 $0.00 $292.06 $52,179.31
227 $52,179.31 $232.27 $0.00 $295.03 $52,706.61
228 $52,706.61 $232.27 $0.00 $298.01 $53,236.89
229 $53,236.89 $0.00 $53,535.97 $301.01 $1.93