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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$110,056
Monthly savings required$871

How much will it cost to send your child to Brevard College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $440,222.89 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $871.18 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$42,440.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $871.18 $0.00 $0.00 $871.18
2 $871.18 $871.18 $0.00 $4.93 $1,747.29
3 $1,747.29 $871.18 $0.00 $9.88 $2,628.35
4 $2,628.35 $871.18 $0.00 $14.86 $3,514.39
5 $3,514.39 $871.18 $0.00 $19.87 $4,405.44
6 $4,405.44 $871.18 $0.00 $24.91 $5,301.53
7 $5,301.53 $871.18 $0.00 $29.98 $6,202.69
8 $6,202.69 $871.18 $0.00 $35.07 $7,108.94
9 $7,108.94 $871.18 $0.00 $40.19 $8,020.31
10 $8,020.31 $871.18 $0.00 $45.35 $8,936.84
11 $8,936.84 $871.18 $0.00 $50.53 $9,858.55
12 $9,858.55 $871.18 $0.00 $55.74 $10,785.47
13 $10,785.47 $871.18 $0.00 $60.98 $11,717.63
14 $11,717.63 $871.18 $0.00 $66.25 $12,655.06
15 $12,655.06 $871.18 $0.00 $71.55 $13,597.79
16 $13,597.79 $871.18 $0.00 $76.88 $14,545.85
17 $14,545.85 $871.18 $0.00 $82.24 $15,499.27
18 $15,499.27 $871.18 $0.00 $87.64 $16,458.09
19 $16,458.09 $871.18 $0.00 $93.06 $17,422.33
20 $17,422.33 $871.18 $0.00 $98.51 $18,392.02
21 $18,392.02 $871.18 $0.00 $103.99 $19,367.19
22 $19,367.19 $871.18 $0.00 $109.50 $20,347.87
23 $20,347.87 $871.18 $0.00 $115.05 $21,334.10
24 $21,334.10 $871.18 $0.00 $120.63 $22,325.91
25 $22,325.91 $871.18 $0.00 $126.23 $23,323.32
26 $23,323.32 $871.18 $0.00 $131.87 $24,326.37
27 $24,326.37 $871.18 $0.00 $137.54 $25,335.09
28 $25,335.09 $871.18 $0.00 $143.25 $26,349.52
29 $26,349.52 $871.18 $0.00 $148.98 $27,369.68
30 $27,369.68 $871.18 $0.00 $154.75 $28,395.61
31 $28,395.61 $871.18 $0.00 $160.55 $29,427.34
32 $29,427.34 $871.18 $0.00 $166.39 $30,464.91
33 $30,464.91 $871.18 $0.00 $172.25 $31,508.34
34 $31,508.34 $871.18 $0.00 $178.15 $32,557.67
35 $32,557.67 $871.18 $0.00 $184.09 $33,612.94
36 $33,612.94 $871.18 $0.00 $190.05 $34,674.17
37 $34,674.17 $871.18 $0.00 $196.05 $35,741.40
38 $35,741.40 $871.18 $0.00 $202.09 $36,814.67
39 $36,814.67 $871.18 $0.00 $208.16 $37,894.01
40 $37,894.01 $871.18 $0.00 $214.26 $38,979.45
41 $38,979.45 $871.18 $0.00 $220.40 $40,071.03
42 $40,071.03 $871.18 $0.00 $226.57 $41,168.78
43 $41,168.78 $871.18 $0.00 $232.77 $42,272.73
44 $42,272.73 $871.18 $0.00 $239.02 $43,382.93
45 $43,382.93 $871.18 $0.00 $245.29 $44,499.40
46 $44,499.40 $871.18 $0.00 $251.61 $45,622.19
47 $45,622.19 $871.18 $0.00 $257.95 $46,751.32
48 $46,751.32 $871.18 $0.00 $264.34 $47,886.84
49 $47,886.84 $871.18 $0.00 $270.76 $49,028.78
50 $49,028.78 $871.18 $0.00 $277.22 $50,177.18
51 $50,177.18 $871.18 $0.00 $283.71 $51,332.07
52 $51,332.07 $871.18 $0.00 $290.24 $52,493.49
53 $52,493.49 $871.18 $0.00 $296.81 $53,661.48
54 $53,661.48 $871.18 $0.00 $303.41 $54,836.07
55 $54,836.07 $871.18 $0.00 $310.05 $56,017.30
56 $56,017.30 $871.18 $0.00 $316.73 $57,205.21
57 $57,205.21 $871.18 $0.00 $323.45 $58,399.84
58 $58,399.84 $871.18 $0.00 $330.20 $59,601.22
59 $59,601.22 $871.18 $0.00 $336.99 $60,809.39
60 $60,809.39 $871.18 $0.00 $343.83 $62,024.40
61 $62,024.40 $871.18 $0.00 $350.69 $63,246.27
62 $63,246.27 $871.18 $0.00 $357.60 $64,475.05
63 $64,475.05 $871.18 $0.00 $364.55 $65,710.78
64 $65,710.78 $871.18 $0.00 $371.54 $66,953.50
65 $66,953.50 $871.18 $0.00 $378.56 $68,203.24
66 $68,203.24 $871.18 $0.00 $385.63 $69,460.05
67 $69,460.05 $871.18 $0.00 $392.74 $70,723.97
68 $70,723.97 $871.18 $0.00 $399.88 $71,995.03
69 $71,995.03 $871.18 $0.00 $407.07 $73,273.28
70 $73,273.28 $871.18 $0.00 $414.30 $74,558.76
71 $74,558.76 $871.18 $0.00 $421.57 $75,851.51
72 $75,851.51 $871.18 $0.00 $428.88 $77,151.57
73 $77,151.57 $871.18 $0.00 $436.23 $78,458.98
74 $78,458.98 $871.18 $0.00 $443.62 $79,773.78
75 $79,773.78 $871.18 $0.00 $451.05 $81,096.01
76 $81,096.01 $871.18 $0.00 $458.53 $82,425.72
77 $82,425.72 $871.18 $0.00 $466.05 $83,762.95
78 $83,762.95 $871.18 $0.00 $473.61 $85,107.74
79 $85,107.74 $871.18 $0.00 $481.21 $86,460.13
80 $86,460.13 $871.18 $0.00 $488.86 $87,820.17
81 $87,820.17 $871.18 $0.00 $496.55 $89,187.90
82 $89,187.90 $871.18 $0.00 $504.28 $90,563.36
83 $90,563.36 $871.18 $0.00 $512.06 $91,946.60
84 $91,946.60 $871.18 $0.00 $519.88 $93,337.66
85 $93,337.66 $871.18 $0.00 $527.74 $94,736.58
86 $94,736.58 $871.18 $0.00 $535.65 $96,143.41
87 $96,143.41 $871.18 $0.00 $543.61 $97,558.20
88 $97,558.20 $871.18 $0.00 $551.61 $98,980.99
89 $98,980.99 $871.18 $0.00 $559.65 $100,411.82
90 $100,411.82 $871.18 $0.00 $567.74 $101,850.74
91 $101,850.74 $871.18 $0.00 $575.88 $103,297.80
92 $103,297.80 $871.18 $0.00 $584.06 $104,753.04
93 $104,753.04 $871.18 $0.00 $592.29 $106,216.51
94 $106,216.51 $871.18 $0.00 $600.56 $107,688.25
95 $107,688.25 $871.18 $0.00 $608.89 $109,168.32
96 $109,168.32 $871.18 $0.00 $617.25 $110,656.75
97 $110,656.75 $871.18 $0.00 $625.67 $112,153.60
98 $112,153.60 $871.18 $0.00 $634.13 $113,658.91
99 $113,658.91 $871.18 $0.00 $642.64 $115,172.73
100 $115,172.73 $871.18 $0.00 $651.20 $116,695.11
101 $116,695.11 $871.18 $0.00 $659.81 $118,226.10
102 $118,226.10 $871.18 $0.00 $668.47 $119,765.75
103 $119,765.75 $871.18 $0.00 $677.17 $121,314.10
104 $121,314.10 $871.18 $0.00 $685.93 $122,871.21
105 $122,871.21 $871.18 $0.00 $694.73 $124,437.12
106 $124,437.12 $871.18 $0.00 $703.59 $126,011.89
107 $126,011.89 $871.18 $0.00 $712.49 $127,595.56
108 $127,595.56 $871.18 $0.00 $721.44 $129,188.18
109 $129,188.18 $871.18 $0.00 $730.45 $130,789.81
110 $130,789.81 $871.18 $0.00 $739.50 $132,400.49
111 $132,400.49 $871.18 $0.00 $748.61 $134,020.28
112 $134,020.28 $871.18 $0.00 $757.77 $135,649.23
113 $135,649.23 $871.18 $0.00 $766.98 $137,287.39
114 $137,287.39 $871.18 $0.00 $776.24 $138,934.81
115 $138,934.81 $871.18 $0.00 $785.56 $140,591.55
116 $140,591.55 $871.18 $0.00 $794.93 $142,257.66
117 $142,257.66 $871.18 $0.00 $804.35 $143,933.19
118 $143,933.19 $871.18 $0.00 $813.82 $145,618.19
119 $145,618.19 $871.18 $0.00 $823.35 $147,312.72
120 $147,312.72 $871.18 $0.00 $832.93 $149,016.83
121 $149,016.83 $871.18 $0.00 $842.56 $150,730.57
122 $150,730.57 $871.18 $0.00 $852.25 $152,454.00
123 $152,454.00 $871.18 $0.00 $862.00 $154,187.18
124 $154,187.18 $871.18 $0.00 $871.80 $155,930.16
125 $155,930.16 $871.18 $0.00 $881.65 $157,682.99
126 $157,682.99 $871.18 $0.00 $891.56 $159,445.73
127 $159,445.73 $871.18 $0.00 $901.53 $161,218.44
128 $161,218.44 $871.18 $0.00 $911.55 $163,001.17
129 $163,001.17 $871.18 $0.00 $921.63 $164,793.98
130 $164,793.98 $871.18 $0.00 $931.77 $166,596.93
131 $166,596.93 $871.18 $0.00 $941.96 $168,410.07
132 $168,410.07 $871.18 $0.00 $952.22 $170,233.47
133 $170,233.47 $871.18 $0.00 $962.52 $172,067.17
134 $172,067.17 $871.18 $0.00 $972.89 $173,911.24
135 $173,911.24 $871.18 $0.00 $983.32 $175,765.74
136 $175,765.74 $871.18 $0.00 $993.81 $177,630.73
137 $177,630.73 $871.18 $0.00 $1,004.35 $179,506.26
138 $179,506.26 $871.18 $0.00 $1,014.95 $181,392.39
139 $181,392.39 $871.18 $0.00 $1,025.62 $183,289.19
140 $183,289.19 $871.18 $0.00 $1,036.34 $185,196.71
141 $185,196.71 $871.18 $0.00 $1,047.13 $187,115.02
142 $187,115.02 $871.18 $0.00 $1,057.98 $189,044.18
143 $189,044.18 $871.18 $0.00 $1,068.88 $190,984.24
144 $190,984.24 $871.18 $0.00 $1,079.85 $192,935.27
145 $192,935.27 $871.18 $0.00 $1,090.88 $194,897.33
146 $194,897.33 $871.18 $0.00 $1,101.98 $196,870.49
147 $196,870.49 $871.18 $0.00 $1,113.13 $198,854.80
148 $198,854.80 $871.18 $0.00 $1,124.35 $200,850.33
149 $200,850.33 $871.18 $0.00 $1,135.64 $202,857.15
150 $202,857.15 $871.18 $0.00 $1,146.98 $204,875.31
151 $204,875.31 $871.18 $0.00 $1,158.39 $206,904.88
152 $206,904.88 $871.18 $0.00 $1,169.87 $208,945.93
153 $208,945.93 $871.18 $0.00 $1,181.41 $210,998.52
154 $210,998.52 $871.18 $0.00 $1,193.02 $213,062.72
155 $213,062.72 $871.18 $0.00 $1,204.69 $215,138.59
156 $215,138.59 $871.18 $0.00 $1,216.42 $217,226.19
157 $217,226.19 $871.18 $0.00 $1,228.23 $219,325.60
158 $219,325.60 $871.18 $0.00 $1,240.10 $221,436.88
159 $221,436.88 $871.18 $0.00 $1,252.04 $223,560.10
160 $223,560.10 $871.18 $0.00 $1,264.04 $225,695.32
161 $225,695.32 $871.18 $0.00 $1,276.11 $227,842.61
162 $227,842.61 $871.18 $0.00 $1,288.26 $230,002.05
163 $230,002.05 $871.18 $0.00 $1,300.47 $232,173.70
164 $232,173.70 $871.18 $0.00 $1,312.74 $234,357.62
165 $234,357.62 $871.18 $0.00 $1,325.09 $236,553.89
166 $236,553.89 $871.18 $0.00 $1,337.51 $238,762.58
167 $238,762.58 $871.18 $0.00 $1,350.00 $240,983.76
168 $240,983.76 $871.18 $0.00 $1,362.56 $243,217.50
169 $243,217.50 $871.18 $0.00 $1,375.19 $245,463.87
170 $245,463.87 $871.18 $0.00 $1,387.89 $247,722.94
171 $247,722.94 $871.18 $0.00 $1,400.66 $249,994.78
172 $249,994.78 $871.18 $0.00 $1,413.51 $252,279.47
173 $252,279.47 $871.18 $0.00 $1,426.42 $254,577.07
174 $254,577.07 $871.18 $0.00 $1,439.42 $256,887.67
175 $256,887.67 $871.18 $0.00 $1,452.48 $259,211.33
176 $259,211.33 $871.18 $0.00 $1,465.62 $261,548.13
177 $261,548.13 $871.18 $0.00 $1,478.83 $263,898.14
178 $263,898.14 $871.18 $0.00 $1,492.12 $266,261.44
179 $266,261.44 $871.18 $0.00 $1,505.48 $268,638.10
180 $268,638.10 $871.18 $0.00 $1,518.92 $271,028.20
181 $271,028.20 $871.18 $0.00 $1,532.43 $273,431.81
182 $273,431.81 $871.18 $0.00 $1,546.02 $275,849.01
183 $275,849.01 $871.18 $0.00 $1,559.69 $278,279.88
184 $278,279.88 $871.18 $0.00 $1,573.43 $280,724.49
185 $280,724.49 $871.18 $0.00 $1,587.26 $283,182.93
186 $283,182.93 $871.18 $0.00 $1,601.16 $285,655.27
187 $285,655.27 $871.18 $0.00 $1,615.14 $288,141.59
188 $288,141.59 $871.18 $0.00 $1,629.19 $290,641.96
189 $290,641.96 $871.18 $0.00 $1,643.33 $293,156.47
190 $293,156.47 $871.18 $0.00 $1,657.55 $295,685.20
191 $295,685.20 $871.18 $0.00 $1,671.85 $298,228.23
192 $298,228.23 $871.18 $0.00 $1,686.23 $300,785.64
193 $300,785.64 $871.18 $0.00 $1,700.69 $303,357.51
194 $303,357.51 $871.18 $0.00 $1,715.23 $305,943.92
195 $305,943.92 $871.18 $0.00 $1,729.85 $308,544.95
196 $308,544.95 $871.18 $0.00 $1,744.56 $311,160.69
197 $311,160.69 $871.18 $0.00 $1,759.35 $313,791.22
198 $313,791.22 $871.18 $0.00 $1,774.22 $316,436.62
199 $316,436.62 $871.18 $0.00 $1,789.18 $319,096.98
200 $319,096.98 $871.18 $0.00 $1,804.22 $321,772.38
201 $321,772.38 $871.18 $0.00 $1,819.35 $324,462.91
202 $324,462.91 $871.18 $0.00 $1,834.56 $327,168.65
203 $327,168.65 $871.18 $0.00 $1,849.86 $329,889.69
204 $329,889.69 $871.18 $0.00 $1,865.24 $332,626.11
205 $332,626.11 $871.18 $0.00 $1,880.72 $335,378.01
206 $335,378.01 $871.18 $0.00 $1,896.28 $338,145.47
207 $338,145.47 $871.18 $0.00 $1,911.92 $340,928.57
208 $340,928.57 $871.18 $0.00 $1,927.66 $343,727.41
209 $343,727.41 $871.18 $0.00 $1,943.48 $346,542.07
210 $346,542.07 $871.18 $0.00 $1,959.40 $349,372.65
211 $349,372.65 $871.18 $0.00 $1,975.40 $352,219.23
212 $352,219.23 $871.18 $0.00 $1,991.50 $355,081.91
213 $355,081.91 $871.18 $0.00 $2,007.68 $357,960.77
214 $357,960.77 $871.18 $0.00 $2,023.96 $360,855.91
215 $360,855.91 $871.18 $0.00 $2,040.33 $363,767.42
216 $363,767.42 $871.18 $0.00 $2,056.79 $366,695.39
217 $366,695.39 $871.18 $102,136.92 $2,073.35 $267,503.00
218 $267,503.00 $871.18 $0.00 $1,512.50 $269,886.68
219 $269,886.68 $871.18 $0.00 $1,525.98 $272,283.84
220 $272,283.84 $871.18 $0.00 $1,539.53 $274,694.55
221 $274,694.55 $871.18 $0.00 $1,553.16 $277,118.89
222 $277,118.89 $871.18 $0.00 $1,566.87 $279,556.94
223 $279,556.94 $871.18 $0.00 $1,580.66 $282,008.78
224 $282,008.78 $871.18 $0.00 $1,594.52 $284,474.48
225 $284,474.48 $871.18 $0.00 $1,608.46 $286,954.12
226 $286,954.12 $871.18 $0.00 $1,622.48 $289,447.78
227 $289,447.78 $871.18 $0.00 $1,636.58 $291,955.54
228 $291,955.54 $871.18 $0.00 $1,650.76 $294,477.48
229 $294,477.48 $871.18 $107,243.77 $1,665.02 $189,769.91
230 $189,769.91 $871.18 $0.00 $1,072.99 $191,714.08
231 $191,714.08 $871.18 $0.00 $1,083.98 $193,669.24
232 $193,669.24 $871.18 $0.00 $1,095.03 $195,635.45
233 $195,635.45 $871.18 $0.00 $1,106.15 $197,612.78
234 $197,612.78 $871.18 $0.00 $1,117.33 $199,601.29
235 $199,601.29 $871.18 $0.00 $1,128.57 $201,601.04
236 $201,601.04 $871.18 $0.00 $1,139.88 $203,612.10
237 $203,612.10 $871.18 $0.00 $1,151.25 $205,634.53
238 $205,634.53 $871.18 $0.00 $1,162.69 $207,668.40
239 $207,668.40 $871.18 $0.00 $1,174.19 $209,713.77
240 $209,713.77 $871.18 $0.00 $1,185.75 $211,770.70
241 $211,770.70 $871.18 $112,605.95 $1,197.38 $101,233.31
242 $101,233.31 $871.18 $0.00 $572.39 $102,676.88
243 $102,676.88 $871.18 $0.00 $580.55 $104,128.61
244 $104,128.61 $871.18 $0.00 $588.76 $105,588.55
245 $105,588.55 $871.18 $0.00 $597.01 $107,056.74
246 $107,056.74 $871.18 $0.00 $605.31 $108,533.23
247 $108,533.23 $871.18 $0.00 $613.66 $110,018.07
248 $110,018.07 $871.18 $0.00 $622.06 $111,511.31
249 $111,511.31 $871.18 $0.00 $630.50 $113,012.99
250 $113,012.99 $871.18 $0.00 $638.99 $114,523.16
251 $114,523.16 $871.18 $0.00 $647.53 $116,041.87
252 $116,041.87 $871.18 $0.00 $656.12 $117,569.17
253 $117,569.17 $0.00 $118,236.25 $664.75 ($2.33)