Savings Plan and Future Cost Estimation for Genesee 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$64,035
Monthly savings required$284

How much will it cost to send your child to Genesee Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $128,070.20 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $284.50 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$18,305.00
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 $284.50 $0.00 $0.00 $284.50
2 $284.50 $284.50 $0.00 $1.61 $570.61
3 $570.61 $284.50 $0.00 $3.23 $858.34
4 $858.34 $284.50 $0.00 $4.85 $1,147.69
5 $1,147.69 $284.50 $0.00 $6.49 $1,438.68
6 $1,438.68 $284.50 $0.00 $8.13 $1,731.31
7 $1,731.31 $284.50 $0.00 $9.79 $2,025.60
8 $2,025.60 $284.50 $0.00 $11.45 $2,321.55
9 $2,321.55 $284.50 $0.00 $13.13 $2,619.18
10 $2,619.18 $284.50 $0.00 $14.81 $2,918.49
11 $2,918.49 $284.50 $0.00 $16.50 $3,219.49
12 $3,219.49 $284.50 $0.00 $18.20 $3,522.19
13 $3,522.19 $284.50 $0.00 $19.91 $3,826.60
14 $3,826.60 $284.50 $0.00 $21.64 $4,132.74
15 $4,132.74 $284.50 $0.00 $23.37 $4,440.61
16 $4,440.61 $284.50 $0.00 $25.11 $4,750.22
17 $4,750.22 $284.50 $0.00 $26.86 $5,061.58
18 $5,061.58 $284.50 $0.00 $28.62 $5,374.70
19 $5,374.70 $284.50 $0.00 $30.39 $5,689.59
20 $5,689.59 $284.50 $0.00 $32.17 $6,006.26
21 $6,006.26 $284.50 $0.00 $33.96 $6,324.72
22 $6,324.72 $284.50 $0.00 $35.76 $6,644.98
23 $6,644.98 $284.50 $0.00 $37.57 $6,967.05
24 $6,967.05 $284.50 $0.00 $39.39 $7,290.94
25 $7,290.94 $284.50 $0.00 $41.22 $7,616.66
26 $7,616.66 $284.50 $0.00 $43.07 $7,944.23
27 $7,944.23 $284.50 $0.00 $44.92 $8,273.65
28 $8,273.65 $284.50 $0.00 $46.78 $8,604.93
29 $8,604.93 $284.50 $0.00 $48.65 $8,938.08
30 $8,938.08 $284.50 $0.00 $50.54 $9,273.12
31 $9,273.12 $284.50 $0.00 $52.43 $9,610.05
32 $9,610.05 $284.50 $0.00 $54.34 $9,948.89
33 $9,948.89 $284.50 $0.00 $56.25 $10,289.64
34 $10,289.64 $284.50 $0.00 $58.18 $10,632.32
35 $10,632.32 $284.50 $0.00 $60.12 $10,976.94
36 $10,976.94 $284.50 $0.00 $62.07 $11,323.51
37 $11,323.51 $284.50 $0.00 $64.02 $11,672.03
38 $11,672.03 $284.50 $0.00 $66.00 $12,022.53
39 $12,022.53 $284.50 $0.00 $67.98 $12,375.01
40 $12,375.01 $284.50 $0.00 $69.97 $12,729.48
41 $12,729.48 $284.50 $0.00 $71.97 $13,085.95
42 $13,085.95 $284.50 $0.00 $73.99 $13,444.44
43 $13,444.44 $284.50 $0.00 $76.02 $13,804.96
44 $13,804.96 $284.50 $0.00 $78.06 $14,167.52
45 $14,167.52 $284.50 $0.00 $80.11 $14,532.13
46 $14,532.13 $284.50 $0.00 $82.17 $14,898.80
47 $14,898.80 $284.50 $0.00 $84.24 $15,267.54
48 $15,267.54 $284.50 $0.00 $86.32 $15,638.36
49 $15,638.36 $284.50 $0.00 $88.42 $16,011.28
50 $16,011.28 $284.50 $0.00 $90.53 $16,386.31
51 $16,386.31 $284.50 $0.00 $92.65 $16,763.46
52 $16,763.46 $284.50 $0.00 $94.78 $17,142.74
53 $17,142.74 $284.50 $0.00 $96.93 $17,524.17
54 $17,524.17 $284.50 $0.00 $99.08 $17,907.75
55 $17,907.75 $284.50 $0.00 $101.25 $18,293.50
56 $18,293.50 $284.50 $0.00 $103.43 $18,681.43
57 $18,681.43 $284.50 $0.00 $105.63 $19,071.56
58 $19,071.56 $284.50 $0.00 $107.83 $19,463.89
59 $19,463.89 $284.50 $0.00 $110.05 $19,858.44
60 $19,858.44 $284.50 $0.00 $112.28 $20,255.22
61 $20,255.22 $284.50 $0.00 $114.53 $20,654.25
62 $20,654.25 $284.50 $0.00 $116.78 $21,055.53
63 $21,055.53 $284.50 $0.00 $119.05 $21,459.08
64 $21,459.08 $284.50 $0.00 $121.33 $21,864.91
65 $21,864.91 $284.50 $0.00 $123.63 $22,273.04
66 $22,273.04 $284.50 $0.00 $125.94 $22,683.48
67 $22,683.48 $284.50 $0.00 $128.26 $23,096.24
68 $23,096.24 $284.50 $0.00 $130.59 $23,511.33
69 $23,511.33 $284.50 $0.00 $132.94 $23,928.77
70 $23,928.77 $284.50 $0.00 $135.30 $24,348.57
71 $24,348.57 $284.50 $0.00 $137.67 $24,770.74
72 $24,770.74 $284.50 $0.00 $140.06 $25,195.30
73 $25,195.30 $284.50 $0.00 $142.46 $25,622.26
74 $25,622.26 $284.50 $0.00 $144.87 $26,051.63
75 $26,051.63 $284.50 $0.00 $147.30 $26,483.43
76 $26,483.43 $284.50 $0.00 $149.74 $26,917.67
77 $26,917.67 $284.50 $0.00 $152.20 $27,354.37
78 $27,354.37 $284.50 $0.00 $154.67 $27,793.54
79 $27,793.54 $284.50 $0.00 $157.15 $28,235.19
80 $28,235.19 $284.50 $0.00 $159.65 $28,679.34
81 $28,679.34 $284.50 $0.00 $162.16 $29,126.00
82 $29,126.00 $284.50 $0.00 $164.68 $29,575.18
83 $29,575.18 $284.50 $0.00 $167.22 $30,026.90
84 $30,026.90 $284.50 $0.00 $169.78 $30,481.18
85 $30,481.18 $284.50 $0.00 $172.35 $30,938.03
86 $30,938.03 $284.50 $0.00 $174.93 $31,397.46
87 $31,397.46 $284.50 $0.00 $177.53 $31,859.49
88 $31,859.49 $284.50 $0.00 $180.14 $32,324.13
89 $32,324.13 $284.50 $0.00 $182.77 $32,791.40
90 $32,791.40 $284.50 $0.00 $185.41 $33,261.31
91 $33,261.31 $284.50 $0.00 $188.06 $33,733.87
92 $33,733.87 $284.50 $0.00 $190.74 $34,209.11
93 $34,209.11 $284.50 $0.00 $193.42 $34,687.03
94 $34,687.03 $284.50 $0.00 $196.13 $35,167.66
95 $35,167.66 $284.50 $0.00 $198.84 $35,651.00
96 $35,651.00 $284.50 $0.00 $201.58 $36,137.08
97 $36,137.08 $284.50 $0.00 $204.32 $36,625.90
98 $36,625.90 $284.50 $0.00 $207.09 $37,117.49
99 $37,117.49 $284.50 $0.00 $209.87 $37,611.86
100 $37,611.86 $284.50 $0.00 $212.66 $38,109.02
101 $38,109.02 $284.50 $0.00 $215.47 $38,608.99
102 $38,608.99 $284.50 $0.00 $218.30 $39,111.79
103 $39,111.79 $284.50 $0.00 $221.14 $39,617.43
104 $39,617.43 $284.50 $0.00 $224.00 $40,125.93
105 $40,125.93 $284.50 $0.00 $226.88 $40,637.31
106 $40,637.31 $284.50 $0.00 $229.77 $41,151.58
107 $41,151.58 $284.50 $0.00 $232.68 $41,668.76
108 $41,668.76 $284.50 $0.00 $235.60 $42,188.86
109 $42,188.86 $284.50 $0.00 $238.54 $42,711.90
110 $42,711.90 $284.50 $0.00 $241.50 $43,237.90
111 $43,237.90 $284.50 $0.00 $244.47 $43,766.87
112 $43,766.87 $284.50 $0.00 $247.46 $44,298.83
113 $44,298.83 $284.50 $0.00 $250.47 $44,833.80
114 $44,833.80 $284.50 $0.00 $253.50 $45,371.80
115 $45,371.80 $284.50 $0.00 $256.54 $45,912.84
116 $45,912.84 $284.50 $0.00 $259.60 $46,456.94
117 $46,456.94 $284.50 $0.00 $262.67 $47,004.11
118 $47,004.11 $284.50 $0.00 $265.77 $47,554.38
119 $47,554.38 $284.50 $0.00 $268.88 $48,107.76
120 $48,107.76 $284.50 $0.00 $272.01 $48,664.27
121 $48,664.27 $284.50 $0.00 $275.15 $49,223.92
122 $49,223.92 $284.50 $0.00 $278.32 $49,786.74
123 $49,786.74 $284.50 $0.00 $281.50 $50,352.74
124 $50,352.74 $284.50 $0.00 $284.70 $50,921.94
125 $50,921.94 $284.50 $0.00 $287.92 $51,494.36
126 $51,494.36 $284.50 $0.00 $291.16 $52,070.02
127 $52,070.02 $284.50 $0.00 $294.41 $52,648.93
128 $52,648.93 $284.50 $0.00 $297.68 $53,231.11
129 $53,231.11 $284.50 $0.00 $300.98 $53,816.59
130 $53,816.59 $284.50 $0.00 $304.29 $54,405.38
131 $54,405.38 $284.50 $0.00 $307.62 $54,997.50
132 $54,997.50 $284.50 $0.00 $310.96 $55,592.96
133 $55,592.96 $284.50 $0.00 $314.33 $56,191.79
134 $56,191.79 $284.50 $0.00 $317.72 $56,794.01
135 $56,794.01 $284.50 $0.00 $321.12 $57,399.63
136 $57,399.63 $284.50 $0.00 $324.55 $58,008.68
137 $58,008.68 $284.50 $0.00 $327.99 $58,621.17
138 $58,621.17 $284.50 $0.00 $331.45 $59,237.12
139 $59,237.12 $284.50 $0.00 $334.94 $59,856.56
140 $59,856.56 $284.50 $0.00 $338.44 $60,479.50
141 $60,479.50 $284.50 $0.00 $341.96 $61,105.96
142 $61,105.96 $284.50 $0.00 $345.50 $61,735.96
143 $61,735.96 $284.50 $0.00 $349.06 $62,369.52
144 $62,369.52 $284.50 $0.00 $352.65 $63,006.67
145 $63,006.67 $284.50 $0.00 $356.25 $63,647.42
146 $63,647.42 $284.50 $0.00 $359.87 $64,291.79
147 $64,291.79 $284.50 $0.00 $363.52 $64,939.81
148 $64,939.81 $284.50 $0.00 $367.18 $65,591.49
149 $65,591.49 $284.50 $0.00 $370.86 $66,246.85
150 $66,246.85 $284.50 $0.00 $374.57 $66,905.92
151 $66,905.92 $284.50 $0.00 $378.30 $67,568.72
152 $67,568.72 $284.50 $0.00 $382.04 $68,235.26
153 $68,235.26 $284.50 $0.00 $385.81 $68,905.57
154 $68,905.57 $284.50 $0.00 $389.60 $69,579.67
155 $69,579.67 $284.50 $0.00 $393.41 $70,257.58
156 $70,257.58 $284.50 $0.00 $397.25 $70,939.33
157 $70,939.33 $284.50 $0.00 $401.10 $71,624.93
158 $71,624.93 $284.50 $0.00 $404.98 $72,314.41
159 $72,314.41 $284.50 $0.00 $408.88 $73,007.79
160 $73,007.79 $284.50 $0.00 $412.80 $73,705.09
161 $73,705.09 $284.50 $0.00 $416.74 $74,406.33
162 $74,406.33 $284.50 $0.00 $420.70 $75,111.53
163 $75,111.53 $284.50 $0.00 $424.69 $75,820.72
164 $75,820.72 $284.50 $0.00 $428.70 $76,533.92
165 $76,533.92 $284.50 $0.00 $432.73 $77,251.15
166 $77,251.15 $284.50 $0.00 $436.79 $77,972.44
167 $77,972.44 $284.50 $0.00 $440.87 $78,697.81
168 $78,697.81 $284.50 $0.00 $444.97 $79,427.28
169 $79,427.28 $284.50 $0.00 $449.09 $80,160.87
170 $80,160.87 $284.50 $0.00 $453.24 $80,898.61
171 $80,898.61 $284.50 $0.00 $457.41 $81,640.52
172 $81,640.52 $284.50 $0.00 $461.61 $82,386.63
173 $82,386.63 $284.50 $0.00 $465.83 $83,136.96
174 $83,136.96 $284.50 $0.00 $470.07 $83,891.53
175 $83,891.53 $284.50 $0.00 $474.33 $84,650.36
176 $84,650.36 $284.50 $0.00 $478.63 $85,413.49
177 $85,413.49 $284.50 $0.00 $482.94 $86,180.93
178 $86,180.93 $284.50 $0.00 $487.28 $86,952.71
179 $86,952.71 $284.50 $0.00 $491.64 $87,728.85
180 $87,728.85 $284.50 $0.00 $496.03 $88,509.38
181 $88,509.38 $284.50 $0.00 $500.44 $89,294.32
182 $89,294.32 $284.50 $0.00 $504.88 $90,083.70
183 $90,083.70 $284.50 $0.00 $509.35 $90,877.55
184 $90,877.55 $284.50 $0.00 $513.83 $91,675.88
185 $91,675.88 $284.50 $0.00 $518.35 $92,478.73
186 $92,478.73 $284.50 $0.00 $522.89 $93,286.12
187 $93,286.12 $284.50 $0.00 $527.45 $94,098.07
188 $94,098.07 $284.50 $0.00 $532.04 $94,914.61
189 $94,914.61 $284.50 $0.00 $536.66 $95,735.77
190 $95,735.77 $284.50 $0.00 $541.30 $96,561.57
191 $96,561.57 $284.50 $0.00 $545.97 $97,392.04
192 $97,392.04 $284.50 $0.00 $550.67 $98,227.21
193 $98,227.21 $284.50 $0.00 $555.39 $99,067.10
194 $99,067.10 $284.50 $0.00 $560.14 $99,911.74
195 $99,911.74 $284.50 $0.00 $564.92 $100,761.16
196 $100,761.16 $284.50 $0.00 $569.72 $101,615.38
197 $101,615.38 $284.50 $0.00 $574.55 $102,474.43
198 $102,474.43 $284.50 $0.00 $579.41 $103,338.34
199 $103,338.34 $284.50 $0.00 $584.29 $104,207.13
200 $104,207.13 $284.50 $0.00 $589.20 $105,080.83
201 $105,080.83 $284.50 $0.00 $594.14 $105,959.47
202 $105,959.47 $284.50 $0.00 $599.11 $106,843.08
203 $106,843.08 $284.50 $0.00 $604.11 $107,731.69
204 $107,731.69 $284.50 $0.00 $609.13 $108,625.32
205 $108,625.32 $284.50 $0.00 $614.18 $109,524.00
206 $109,524.00 $284.50 $0.00 $619.26 $110,427.76
207 $110,427.76 $284.50 $0.00 $624.37 $111,336.63
208 $111,336.63 $284.50 $0.00 $629.51 $112,250.64
209 $112,250.64 $284.50 $0.00 $634.68 $113,169.82
210 $113,169.82 $284.50 $0.00 $639.88 $114,094.20
211 $114,094.20 $284.50 $0.00 $645.11 $115,023.81
212 $115,023.81 $284.50 $0.00 $650.36 $115,958.67
213 $115,958.67 $284.50 $0.00 $655.65 $116,898.82
214 $116,898.82 $284.50 $0.00 $660.96 $117,844.28
215 $117,844.28 $284.50 $0.00 $666.31 $118,795.09
216 $118,795.09 $284.50 $0.00 $671.68 $119,751.27
217 $119,751.27 $284.50 $61,869.66 $677.09 $58,843.20
218 $58,843.20 $284.50 $0.00 $332.71 $59,460.41
219 $59,460.41 $284.50 $0.00 $336.20 $60,081.11
220 $60,081.11 $284.50 $0.00 $339.71 $60,705.32
221 $60,705.32 $284.50 $0.00 $343.24 $61,333.06
222 $61,333.06 $284.50 $0.00 $346.79 $61,964.35
223 $61,964.35 $284.50 $0.00 $350.36 $62,599.21
224 $62,599.21 $284.50 $0.00 $353.95 $63,237.66
225 $63,237.66 $284.50 $0.00 $357.55 $63,879.71
226 $63,879.71 $284.50 $0.00 $361.19 $64,525.40
227 $64,525.40 $284.50 $0.00 $364.84 $65,174.74
228 $65,174.74 $284.50 $0.00 $368.51 $65,827.75
229 $65,827.75 $0.00 $66,200.54 $372.20 -$0.59