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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$46,003
Monthly savings required$204

How much will it cost to send your child to Blue Ridge Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $92,006.14 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $204.45 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$18,649.00
Years until enrollment18
Annual Tuition Increase5%
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 $204.45 $0.00 $0.00 $204.45
2 $204.45 $204.45 $0.00 $1.16 $410.06
3 $410.06 $204.45 $0.00 $2.32 $616.83
4 $616.83 $204.45 $0.00 $3.49 $824.77
5 $824.77 $204.45 $0.00 $4.66 $1,033.88
6 $1,033.88 $204.45 $0.00 $5.85 $1,244.18
7 $1,244.18 $204.45 $0.00 $7.03 $1,455.66
8 $1,455.66 $204.45 $0.00 $8.23 $1,668.34
9 $1,668.34 $204.45 $0.00 $9.43 $1,882.22
10 $1,882.22 $204.45 $0.00 $10.64 $2,097.31
11 $2,097.31 $204.45 $0.00 $11.86 $2,313.62
12 $2,313.62 $204.45 $0.00 $13.08 $2,531.15
13 $2,531.15 $204.45 $0.00 $14.31 $2,749.91
14 $2,749.91 $204.45 $0.00 $15.55 $2,969.91
15 $2,969.91 $204.45 $0.00 $16.79 $3,191.15
16 $3,191.15 $204.45 $0.00 $18.04 $3,413.64
17 $3,413.64 $204.45 $0.00 $19.30 $3,637.39
18 $3,637.39 $204.45 $0.00 $20.57 $3,862.41
19 $3,862.41 $204.45 $0.00 $21.84 $4,088.70
20 $4,088.70 $204.45 $0.00 $23.12 $4,316.27
21 $4,316.27 $204.45 $0.00 $24.40 $4,545.12
22 $4,545.12 $204.45 $0.00 $25.70 $4,775.27
23 $4,775.27 $204.45 $0.00 $27.00 $5,006.72
24 $5,006.72 $204.45 $0.00 $28.31 $5,239.48
25 $5,239.48 $204.45 $0.00 $29.62 $5,473.55
26 $5,473.55 $204.45 $0.00 $30.95 $5,708.95
27 $5,708.95 $204.45 $0.00 $32.28 $5,945.68
28 $5,945.68 $204.45 $0.00 $33.62 $6,183.75
29 $6,183.75 $204.45 $0.00 $34.96 $6,423.16
30 $6,423.16 $204.45 $0.00 $36.32 $6,663.93
31 $6,663.93 $204.45 $0.00 $37.68 $6,906.06
32 $6,906.06 $204.45 $0.00 $39.05 $7,149.56
33 $7,149.56 $204.45 $0.00 $40.42 $7,394.43
34 $7,394.43 $204.45 $0.00 $41.81 $7,640.69
35 $7,640.69 $204.45 $0.00 $43.20 $7,888.34
36 $7,888.34 $204.45 $0.00 $44.60 $8,137.39
37 $8,137.39 $204.45 $0.00 $46.01 $8,387.85
38 $8,387.85 $204.45 $0.00 $47.43 $8,639.73
39 $8,639.73 $204.45 $0.00 $48.85 $8,893.03
40 $8,893.03 $204.45 $0.00 $50.28 $9,147.76
41 $9,147.76 $204.45 $0.00 $51.72 $9,403.93
42 $9,403.93 $204.45 $0.00 $53.17 $9,661.55
43 $9,661.55 $204.45 $0.00 $54.63 $9,920.63
44 $9,920.63 $204.45 $0.00 $56.09 $10,181.17
45 $10,181.17 $204.45 $0.00 $57.57 $10,443.19
46 $10,443.19 $204.45 $0.00 $59.05 $10,706.69
47 $10,706.69 $204.45 $0.00 $60.54 $10,971.68
48 $10,971.68 $204.45 $0.00 $62.04 $11,238.17
49 $11,238.17 $204.45 $0.00 $63.54 $11,506.16
50 $11,506.16 $204.45 $0.00 $65.06 $11,775.67
51 $11,775.67 $204.45 $0.00 $66.58 $12,046.70
52 $12,046.70 $204.45 $0.00 $68.11 $12,319.26
53 $12,319.26 $204.45 $0.00 $69.65 $12,593.36
54 $12,593.36 $204.45 $0.00 $71.20 $12,869.01
55 $12,869.01 $204.45 $0.00 $72.76 $13,146.22
56 $13,146.22 $204.45 $0.00 $74.33 $13,425.00
57 $13,425.00 $204.45 $0.00 $75.91 $13,705.36
58 $13,705.36 $204.45 $0.00 $77.49 $13,987.30
59 $13,987.30 $204.45 $0.00 $79.09 $14,270.84
60 $14,270.84 $204.45 $0.00 $80.69 $14,555.98
61 $14,555.98 $204.45 $0.00 $82.30 $14,842.73
62 $14,842.73 $204.45 $0.00 $83.92 $15,131.10
63 $15,131.10 $204.45 $0.00 $85.55 $15,421.10
64 $15,421.10 $204.45 $0.00 $87.19 $15,712.74
65 $15,712.74 $204.45 $0.00 $88.84 $16,006.03
66 $16,006.03 $204.45 $0.00 $90.50 $16,300.98
67 $16,300.98 $204.45 $0.00 $92.17 $16,597.60
68 $16,597.60 $204.45 $0.00 $93.85 $16,895.90
69 $16,895.90 $204.45 $0.00 $95.53 $17,195.88
70 $17,195.88 $204.45 $0.00 $97.23 $17,497.56
71 $17,497.56 $204.45 $0.00 $98.93 $17,800.94
72 $17,800.94 $204.45 $0.00 $100.65 $18,106.04
73 $18,106.04 $204.45 $0.00 $102.37 $18,412.86
74 $18,412.86 $204.45 $0.00 $104.11 $18,721.42
75 $18,721.42 $204.45 $0.00 $105.85 $19,031.72
76 $19,031.72 $204.45 $0.00 $107.61 $19,343.78
77 $19,343.78 $204.45 $0.00 $109.37 $19,657.60
78 $19,657.60 $204.45 $0.00 $111.15 $19,973.20
79 $19,973.20 $204.45 $0.00 $112.93 $20,290.58
80 $20,290.58 $204.45 $0.00 $114.73 $20,609.76
81 $20,609.76 $204.45 $0.00 $116.53 $20,930.74
82 $20,930.74 $204.45 $0.00 $118.35 $21,253.54
83 $21,253.54 $204.45 $0.00 $120.17 $21,578.16
84 $21,578.16 $204.45 $0.00 $122.01 $21,904.62
85 $21,904.62 $204.45 $0.00 $123.85 $22,232.92
86 $22,232.92 $204.45 $0.00 $125.71 $22,563.08
87 $22,563.08 $204.45 $0.00 $127.57 $22,895.10
88 $22,895.10 $204.45 $0.00 $129.45 $23,229.00
89 $23,229.00 $204.45 $0.00 $131.34 $23,564.79
90 $23,564.79 $204.45 $0.00 $133.24 $23,902.48
91 $23,902.48 $204.45 $0.00 $135.15 $24,242.08
92 $24,242.08 $204.45 $0.00 $137.07 $24,583.60
93 $24,583.60 $204.45 $0.00 $139.00 $24,927.05
94 $24,927.05 $204.45 $0.00 $140.94 $25,272.44
95 $25,272.44 $204.45 $0.00 $142.89 $25,619.78
96 $25,619.78 $204.45 $0.00 $144.86 $25,969.09
97 $25,969.09 $204.45 $0.00 $146.83 $26,320.37
98 $26,320.37 $204.45 $0.00 $148.82 $26,673.64
99 $26,673.64 $204.45 $0.00 $150.82 $27,028.91
100 $27,028.91 $204.45 $0.00 $152.83 $27,386.19
101 $27,386.19 $204.45 $0.00 $154.85 $27,745.49
102 $27,745.49 $204.45 $0.00 $156.88 $28,106.82
103 $28,106.82 $204.45 $0.00 $158.92 $28,470.19
104 $28,470.19 $204.45 $0.00 $160.97 $28,835.61
105 $28,835.61 $204.45 $0.00 $163.04 $29,203.10
106 $29,203.10 $204.45 $0.00 $165.12 $29,572.67
107 $29,572.67 $204.45 $0.00 $167.21 $29,944.33
108 $29,944.33 $204.45 $0.00 $169.31 $30,318.09
109 $30,318.09 $204.45 $0.00 $171.42 $30,693.96
110 $30,693.96 $204.45 $0.00 $173.55 $31,071.96
111 $31,071.96 $204.45 $0.00 $175.69 $31,452.10
112 $31,452.10 $204.45 $0.00 $177.83 $31,834.38
113 $31,834.38 $204.45 $0.00 $180.00 $32,218.83
114 $32,218.83 $204.45 $0.00 $182.17 $32,605.45
115 $32,605.45 $204.45 $0.00 $184.36 $32,994.26
116 $32,994.26 $204.45 $0.00 $186.55 $33,385.26
117 $33,385.26 $204.45 $0.00 $188.77 $33,778.48
118 $33,778.48 $204.45 $0.00 $190.99 $34,173.92
119 $34,173.92 $204.45 $0.00 $193.22 $34,571.59
120 $34,571.59 $204.45 $0.00 $195.47 $34,971.51
121 $34,971.51 $204.45 $0.00 $197.73 $35,373.69
122 $35,373.69 $204.45 $0.00 $200.01 $35,778.15
123 $35,778.15 $204.45 $0.00 $202.29 $36,184.89
124 $36,184.89 $204.45 $0.00 $204.59 $36,593.93
125 $36,593.93 $204.45 $0.00 $206.91 $37,005.29
126 $37,005.29 $204.45 $0.00 $209.23 $37,418.97
127 $37,418.97 $204.45 $0.00 $211.57 $37,834.99
128 $37,834.99 $204.45 $0.00 $213.92 $38,253.36
129 $38,253.36 $204.45 $0.00 $216.29 $38,674.10
130 $38,674.10 $204.45 $0.00 $218.67 $39,097.22
131 $39,097.22 $204.45 $0.00 $221.06 $39,522.73
132 $39,522.73 $204.45 $0.00 $223.47 $39,950.65
133 $39,950.65 $204.45 $0.00 $225.89 $40,380.99
134 $40,380.99 $204.45 $0.00 $228.32 $40,813.76
135 $40,813.76 $204.45 $0.00 $230.77 $41,248.98
136 $41,248.98 $204.45 $0.00 $233.23 $41,686.66
137 $41,686.66 $204.45 $0.00 $235.70 $42,126.81
138 $42,126.81 $204.45 $0.00 $238.19 $42,569.45
139 $42,569.45 $204.45 $0.00 $240.69 $43,014.59
140 $43,014.59 $204.45 $0.00 $243.21 $43,462.25
141 $43,462.25 $204.45 $0.00 $245.74 $43,912.44
142 $43,912.44 $204.45 $0.00 $248.29 $44,365.18
143 $44,365.18 $204.45 $0.00 $250.85 $44,820.48
144 $44,820.48 $204.45 $0.00 $253.42 $45,278.35
145 $45,278.35 $204.45 $0.00 $256.01 $45,738.81
146 $45,738.81 $204.45 $0.00 $258.61 $46,201.87
147 $46,201.87 $204.45 $0.00 $261.23 $46,667.55
148 $46,667.55 $204.45 $0.00 $263.87 $47,135.87
149 $47,135.87 $204.45 $0.00 $266.51 $47,606.83
150 $47,606.83 $204.45 $0.00 $269.18 $48,080.46
151 $48,080.46 $204.45 $0.00 $271.85 $48,556.76
152 $48,556.76 $204.45 $0.00 $274.55 $49,035.76
153 $49,035.76 $204.45 $0.00 $277.26 $49,517.47
154 $49,517.47 $204.45 $0.00 $279.98 $50,001.90
155 $50,001.90 $204.45 $0.00 $282.72 $50,489.07
156 $50,489.07 $204.45 $0.00 $285.47 $50,978.99
157 $50,978.99 $204.45 $0.00 $288.24 $51,471.68
158 $51,471.68 $204.45 $0.00 $291.03 $51,967.16
159 $51,967.16 $204.45 $0.00 $293.83 $52,465.44
160 $52,465.44 $204.45 $0.00 $296.65 $52,966.54
161 $52,966.54 $204.45 $0.00 $299.48 $53,470.47
162 $53,470.47 $204.45 $0.00 $302.33 $53,977.25
163 $53,977.25 $204.45 $0.00 $305.20 $54,486.90
164 $54,486.90 $204.45 $0.00 $308.08 $54,999.43
165 $54,999.43 $204.45 $0.00 $310.97 $55,514.85
166 $55,514.85 $204.45 $0.00 $313.89 $56,033.19
167 $56,033.19 $204.45 $0.00 $316.82 $56,554.46
168 $56,554.46 $204.45 $0.00 $319.77 $57,078.68
169 $57,078.68 $204.45 $0.00 $322.73 $57,605.86
170 $57,605.86 $204.45 $0.00 $325.71 $58,136.02
171 $58,136.02 $204.45 $0.00 $328.71 $58,669.18
172 $58,669.18 $204.45 $0.00 $331.72 $59,205.35
173 $59,205.35 $204.45 $0.00 $334.76 $59,744.56
174 $59,744.56 $204.45 $0.00 $337.80 $60,286.81
175 $60,286.81 $204.45 $0.00 $340.87 $60,832.13
176 $60,832.13 $204.45 $0.00 $343.95 $61,380.53
177 $61,380.53 $204.45 $0.00 $347.05 $61,932.03
178 $61,932.03 $204.45 $0.00 $350.17 $62,486.65
179 $62,486.65 $204.45 $0.00 $353.31 $63,044.41
180 $63,044.41 $204.45 $0.00 $356.46 $63,605.32
181 $63,605.32 $204.45 $0.00 $359.63 $64,169.40
182 $64,169.40 $204.45 $0.00 $362.82 $64,736.67
183 $64,736.67 $204.45 $0.00 $366.03 $65,307.15
184 $65,307.15 $204.45 $0.00 $369.26 $65,880.86
185 $65,880.86 $204.45 $0.00 $372.50 $66,457.81
186 $66,457.81 $204.45 $0.00 $375.76 $67,038.02
187 $67,038.02 $204.45 $0.00 $379.04 $67,621.51
188 $67,621.51 $204.45 $0.00 $382.34 $68,208.30
189 $68,208.30 $204.45 $0.00 $385.66 $68,798.41
190 $68,798.41 $204.45 $0.00 $389.00 $69,391.86
191 $69,391.86 $204.45 $0.00 $392.35 $69,988.66
192 $69,988.66 $204.45 $0.00 $395.73 $70,588.84
193 $70,588.84 $204.45 $0.00 $399.12 $71,192.41
194 $71,192.41 $204.45 $0.00 $402.53 $71,799.39
195 $71,799.39 $204.45 $0.00 $405.96 $72,409.80
196 $72,409.80 $204.45 $0.00 $409.42 $73,023.67
197 $73,023.67 $204.45 $0.00 $412.89 $73,641.01
198 $73,641.01 $204.45 $0.00 $416.38 $74,261.84
199 $74,261.84 $204.45 $0.00 $419.89 $74,886.18
200 $74,886.18 $204.45 $0.00 $423.42 $75,514.05
201 $75,514.05 $204.45 $0.00 $426.97 $76,145.47
202 $76,145.47 $204.45 $0.00 $430.54 $76,780.46
203 $76,780.46 $204.45 $0.00 $434.13 $77,419.04
204 $77,419.04 $204.45 $0.00 $437.74 $78,061.23
205 $78,061.23 $204.45 $0.00 $441.37 $78,707.05
206 $78,707.05 $204.45 $0.00 $445.02 $79,356.52
207 $79,356.52 $204.45 $0.00 $448.69 $80,009.66
208 $80,009.66 $204.45 $0.00 $452.39 $80,666.50
209 $80,666.50 $204.45 $0.00 $456.10 $81,327.05
210 $81,327.05 $204.45 $0.00 $459.83 $81,991.33
211 $81,991.33 $204.45 $0.00 $463.59 $82,659.37
212 $82,659.37 $204.45 $0.00 $467.37 $83,331.19
213 $83,331.19 $204.45 $0.00 $471.17 $84,006.81
214 $84,006.81 $204.45 $0.00 $474.99 $84,686.25
215 $84,686.25 $204.45 $0.00 $478.83 $85,369.53
216 $85,369.53 $204.45 $0.00 $482.69 $86,056.67
217 $86,056.67 $204.45 $44,881.04 $486.58 $41,866.66
218 $41,866.66 $204.45 $0.00 $236.72 $42,307.83
219 $42,307.83 $204.45 $0.00 $239.21 $42,751.49
220 $42,751.49 $204.45 $0.00 $241.72 $43,197.66
221 $43,197.66 $204.45 $0.00 $244.25 $43,646.36
222 $43,646.36 $204.45 $0.00 $246.78 $44,097.59
223 $44,097.59 $204.45 $0.00 $249.33 $44,551.37
224 $44,551.37 $204.45 $0.00 $251.90 $45,007.72
225 $45,007.72 $204.45 $0.00 $254.48 $45,466.65
226 $45,466.65 $204.45 $0.00 $257.08 $45,928.18
227 $45,928.18 $204.45 $0.00 $259.68 $46,392.31
228 $46,392.31 $204.45 $0.00 $262.31 $46,859.07
229 $46,859.07 $0.00 $47,125.09 $264.95 ($1.07)