## 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 enrollment 18 Annual Tuition Increase 5% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 2

## Current Savings Shortfall

### College Savings Calculator

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

## 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