Savings Plan and Future Cost Estimation for Brevard College

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$171,264
Monthly savings required$1,354

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 $685,056.16 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,353.53 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$45,650.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,353.53 $0.00 $0.00 $1,353.53
2 $1,353.53 $1,353.53 $0.00 $7.65 $2,714.71
3 $2,714.71 $1,353.53 $0.00 $15.35 $4,083.59
4 $4,083.59 $1,353.53 $0.00 $23.09 $5,460.21
5 $5,460.21 $1,353.53 $0.00 $30.87 $6,844.61
6 $6,844.61 $1,353.53 $0.00 $38.70 $8,236.84
7 $8,236.84 $1,353.53 $0.00 $46.57 $9,636.94
8 $9,636.94 $1,353.53 $0.00 $54.49 $11,044.96
9 $11,044.96 $1,353.53 $0.00 $62.45 $12,460.94
10 $12,460.94 $1,353.53 $0.00 $70.46 $13,884.93
11 $13,884.93 $1,353.53 $0.00 $78.51 $15,316.97
12 $15,316.97 $1,353.53 $0.00 $86.60 $16,757.10
13 $16,757.10 $1,353.53 $0.00 $94.75 $18,205.38
14 $18,205.38 $1,353.53 $0.00 $102.94 $19,661.85
15 $19,661.85 $1,353.53 $0.00 $111.17 $21,126.55
16 $21,126.55 $1,353.53 $0.00 $119.45 $22,599.53
17 $22,599.53 $1,353.53 $0.00 $127.78 $24,080.84
18 $24,080.84 $1,353.53 $0.00 $136.16 $25,570.53
19 $25,570.53 $1,353.53 $0.00 $144.58 $27,068.64
20 $27,068.64 $1,353.53 $0.00 $153.05 $28,575.22
21 $28,575.22 $1,353.53 $0.00 $161.57 $30,090.32
22 $30,090.32 $1,353.53 $0.00 $170.14 $31,613.99
23 $31,613.99 $1,353.53 $0.00 $178.75 $33,146.27
24 $33,146.27 $1,353.53 $0.00 $187.41 $34,687.21
25 $34,687.21 $1,353.53 $0.00 $196.13 $36,236.87
26 $36,236.87 $1,353.53 $0.00 $204.89 $37,795.29
27 $37,795.29 $1,353.53 $0.00 $213.70 $39,362.52
28 $39,362.52 $1,353.53 $0.00 $222.56 $40,938.61
29 $40,938.61 $1,353.53 $0.00 $231.47 $42,523.61
30 $42,523.61 $1,353.53 $0.00 $240.43 $44,117.57
31 $44,117.57 $1,353.53 $0.00 $249.45 $45,720.55
32 $45,720.55 $1,353.53 $0.00 $258.51 $47,332.59
33 $47,332.59 $1,353.53 $0.00 $267.63 $48,953.75
34 $48,953.75 $1,353.53 $0.00 $276.79 $50,584.07
35 $50,584.07 $1,353.53 $0.00 $286.01 $52,223.61
36 $52,223.61 $1,353.53 $0.00 $295.28 $53,872.42
37 $53,872.42 $1,353.53 $0.00 $304.60 $55,530.55
38 $55,530.55 $1,353.53 $0.00 $313.98 $57,198.06
39 $57,198.06 $1,353.53 $0.00 $323.41 $58,875.00
40 $58,875.00 $1,353.53 $0.00 $332.89 $60,561.42
41 $60,561.42 $1,353.53 $0.00 $342.42 $62,257.37
42 $62,257.37 $1,353.53 $0.00 $352.01 $63,962.91
43 $63,962.91 $1,353.53 $0.00 $361.66 $65,678.10
44 $65,678.10 $1,353.53 $0.00 $371.35 $67,402.98
45 $67,402.98 $1,353.53 $0.00 $381.11 $69,137.62
46 $69,137.62 $1,353.53 $0.00 $390.91 $70,882.06
47 $70,882.06 $1,353.53 $0.00 $400.78 $72,636.37
48 $72,636.37 $1,353.53 $0.00 $410.70 $74,400.60
49 $74,400.60 $1,353.53 $0.00 $420.67 $76,174.80
50 $76,174.80 $1,353.53 $0.00 $430.70 $77,959.03
51 $77,959.03 $1,353.53 $0.00 $440.79 $79,753.35
52 $79,753.35 $1,353.53 $0.00 $450.94 $81,557.82
53 $81,557.82 $1,353.53 $0.00 $461.14 $83,372.49
54 $83,372.49 $1,353.53 $0.00 $471.40 $85,197.42
55 $85,197.42 $1,353.53 $0.00 $481.72 $87,032.67
56 $87,032.67 $1,353.53 $0.00 $492.10 $88,878.30
57 $88,878.30 $1,353.53 $0.00 $502.53 $90,734.36
58 $90,734.36 $1,353.53 $0.00 $513.03 $92,600.92
59 $92,600.92 $1,353.53 $0.00 $523.58 $94,478.03
60 $94,478.03 $1,353.53 $0.00 $534.19 $96,365.75
61 $96,365.75 $1,353.53 $0.00 $544.87 $98,264.15
62 $98,264.15 $1,353.53 $0.00 $555.60 $100,173.28
63 $100,173.28 $1,353.53 $0.00 $566.39 $102,093.20
64 $102,093.20 $1,353.53 $0.00 $577.25 $104,023.98
65 $104,023.98 $1,353.53 $0.00 $588.17 $105,965.68
66 $105,965.68 $1,353.53 $0.00 $599.15 $107,918.36
67 $107,918.36 $1,353.53 $0.00 $610.19 $109,882.08
68 $109,882.08 $1,353.53 $0.00 $621.29 $111,856.90
69 $111,856.90 $1,353.53 $0.00 $632.46 $113,842.89
70 $113,842.89 $1,353.53 $0.00 $643.68 $115,840.10
71 $115,840.10 $1,353.53 $0.00 $654.98 $117,848.61
72 $117,848.61 $1,353.53 $0.00 $666.33 $119,868.47
73 $119,868.47 $1,353.53 $0.00 $677.75 $121,899.75
74 $121,899.75 $1,353.53 $0.00 $689.24 $123,942.52
75 $123,942.52 $1,353.53 $0.00 $700.79 $125,996.84
76 $125,996.84 $1,353.53 $0.00 $712.40 $128,062.77
77 $128,062.77 $1,353.53 $0.00 $724.09 $130,140.39
78 $130,140.39 $1,353.53 $0.00 $735.83 $132,229.75
79 $132,229.75 $1,353.53 $0.00 $747.65 $134,330.93
80 $134,330.93 $1,353.53 $0.00 $759.53 $136,443.99
81 $136,443.99 $1,353.53 $0.00 $771.47 $138,568.99
82 $138,568.99 $1,353.53 $0.00 $783.49 $140,706.01
83 $140,706.01 $1,353.53 $0.00 $795.57 $142,855.11
84 $142,855.11 $1,353.53 $0.00 $807.72 $145,016.36
85 $145,016.36 $1,353.53 $0.00 $819.94 $147,189.83
86 $147,189.83 $1,353.53 $0.00 $832.23 $149,375.59
87 $149,375.59 $1,353.53 $0.00 $844.59 $151,573.71
88 $151,573.71 $1,353.53 $0.00 $857.02 $153,784.26
89 $153,784.26 $1,353.53 $0.00 $869.52 $156,007.31
90 $156,007.31 $1,353.53 $0.00 $882.09 $158,242.93
91 $158,242.93 $1,353.53 $0.00 $894.73 $160,491.19
92 $160,491.19 $1,353.53 $0.00 $907.44 $162,752.16
93 $162,752.16 $1,353.53 $0.00 $920.22 $165,025.91
94 $165,025.91 $1,353.53 $0.00 $933.08 $167,312.52
95 $167,312.52 $1,353.53 $0.00 $946.01 $169,612.06
96 $169,612.06 $1,353.53 $0.00 $959.01 $171,924.60
97 $171,924.60 $1,353.53 $0.00 $972.09 $174,250.22
98 $174,250.22 $1,353.53 $0.00 $985.24 $176,588.99
99 $176,588.99 $1,353.53 $0.00 $998.46 $178,940.98
100 $178,940.98 $1,353.53 $0.00 $1,011.76 $181,306.27
101 $181,306.27 $1,353.53 $0.00 $1,025.13 $183,684.93
102 $183,684.93 $1,353.53 $0.00 $1,038.58 $186,077.04
103 $186,077.04 $1,353.53 $0.00 $1,052.11 $188,482.68
104 $188,482.68 $1,353.53 $0.00 $1,065.71 $190,901.92
105 $190,901.92 $1,353.53 $0.00 $1,079.39 $193,334.84
106 $193,334.84 $1,353.53 $0.00 $1,093.14 $195,781.51
107 $195,781.51 $1,353.53 $0.00 $1,106.98 $198,242.02
108 $198,242.02 $1,353.53 $0.00 $1,120.89 $200,716.44
109 $200,716.44 $1,353.53 $0.00 $1,134.88 $203,204.85
110 $203,204.85 $1,353.53 $0.00 $1,148.95 $205,707.33
111 $205,707.33 $1,353.53 $0.00 $1,163.10 $208,223.96
112 $208,223.96 $1,353.53 $0.00 $1,177.33 $210,754.82
113 $210,754.82 $1,353.53 $0.00 $1,191.64 $213,299.99
114 $213,299.99 $1,353.53 $0.00 $1,206.03 $215,859.55
115 $215,859.55 $1,353.53 $0.00 $1,220.50 $218,433.58
116 $218,433.58 $1,353.53 $0.00 $1,235.06 $221,022.17
117 $221,022.17 $1,353.53 $0.00 $1,249.69 $223,625.39
118 $223,625.39 $1,353.53 $0.00 $1,264.41 $226,243.33
119 $226,243.33 $1,353.53 $0.00 $1,279.21 $228,876.07
120 $228,876.07 $1,353.53 $0.00 $1,294.10 $231,523.70
121 $231,523.70 $1,353.53 $0.00 $1,309.07 $234,186.30
122 $234,186.30 $1,353.53 $0.00 $1,324.12 $236,863.95
123 $236,863.95 $1,353.53 $0.00 $1,339.26 $239,556.74
124 $239,556.74 $1,353.53 $0.00 $1,354.49 $242,264.76
125 $242,264.76 $1,353.53 $0.00 $1,369.80 $244,988.09
126 $244,988.09 $1,353.53 $0.00 $1,385.20 $247,726.82
127 $247,726.82 $1,353.53 $0.00 $1,400.68 $250,481.03
128 $250,481.03 $1,353.53 $0.00 $1,416.26 $253,250.82
129 $253,250.82 $1,353.53 $0.00 $1,431.92 $256,036.27
130 $256,036.27 $1,353.53 $0.00 $1,447.67 $258,837.47
131 $258,837.47 $1,353.53 $0.00 $1,463.50 $261,654.50
132 $261,654.50 $1,353.53 $0.00 $1,479.43 $264,487.46
133 $264,487.46 $1,353.53 $0.00 $1,495.45 $267,336.44
134 $267,336.44 $1,353.53 $0.00 $1,511.56 $270,201.53
135 $270,201.53 $1,353.53 $0.00 $1,527.76 $273,082.82
136 $273,082.82 $1,353.53 $0.00 $1,544.05 $275,980.40
137 $275,980.40 $1,353.53 $0.00 $1,560.43 $278,894.36
138 $278,894.36 $1,353.53 $0.00 $1,576.91 $281,824.80
139 $281,824.80 $1,353.53 $0.00 $1,593.48 $284,771.81
140 $284,771.81 $1,353.53 $0.00 $1,610.14 $287,735.48
141 $287,735.48 $1,353.53 $0.00 $1,626.90 $290,715.91
142 $290,715.91 $1,353.53 $0.00 $1,643.75 $293,713.19
143 $293,713.19 $1,353.53 $0.00 $1,660.70 $296,727.42
144 $296,727.42 $1,353.53 $0.00 $1,677.74 $299,758.69
145 $299,758.69 $1,353.53 $0.00 $1,694.88 $302,807.10
146 $302,807.10 $1,353.53 $0.00 $1,712.12 $305,872.75
147 $305,872.75 $1,353.53 $0.00 $1,729.45 $308,955.73
148 $308,955.73 $1,353.53 $0.00 $1,746.88 $312,056.14
149 $312,056.14 $1,353.53 $0.00 $1,764.41 $315,174.08
150 $315,174.08 $1,353.53 $0.00 $1,782.04 $318,309.65
151 $318,309.65 $1,353.53 $0.00 $1,799.77 $321,462.95
152 $321,462.95 $1,353.53 $0.00 $1,817.60 $324,634.08
153 $324,634.08 $1,353.53 $0.00 $1,835.53 $327,823.14
154 $327,823.14 $1,353.53 $0.00 $1,853.56 $331,030.23
155 $331,030.23 $1,353.53 $0.00 $1,871.69 $334,255.45
156 $334,255.45 $1,353.53 $0.00 $1,889.93 $337,498.91
157 $337,498.91 $1,353.53 $0.00 $1,908.27 $340,760.71
158 $340,760.71 $1,353.53 $0.00 $1,926.71 $344,040.95
159 $344,040.95 $1,353.53 $0.00 $1,945.26 $347,339.74
160 $347,339.74 $1,353.53 $0.00 $1,963.91 $350,657.18
161 $350,657.18 $1,353.53 $0.00 $1,982.67 $353,993.38
162 $353,993.38 $1,353.53 $0.00 $2,001.53 $357,348.44
163 $357,348.44 $1,353.53 $0.00 $2,020.50 $360,722.47
164 $360,722.47 $1,353.53 $0.00 $2,039.58 $364,115.58
165 $364,115.58 $1,353.53 $0.00 $2,058.76 $367,527.87
166 $367,527.87 $1,353.53 $0.00 $2,078.06 $370,959.46
167 $370,959.46 $1,353.53 $0.00 $2,097.46 $374,410.45
168 $374,410.45 $1,353.53 $0.00 $2,116.97 $377,880.95
169 $377,880.95 $1,353.53 $0.00 $2,136.59 $381,371.07
170 $381,371.07 $1,353.53 $0.00 $2,156.33 $384,880.93
171 $384,880.93 $1,353.53 $0.00 $2,176.17 $388,410.63
172 $388,410.63 $1,353.53 $0.00 $2,196.13 $391,960.29
173 $391,960.29 $1,353.53 $0.00 $2,216.20 $395,530.02
174 $395,530.02 $1,353.53 $0.00 $2,236.38 $399,119.93
175 $399,119.93 $1,353.53 $0.00 $2,256.68 $402,730.14
176 $402,730.14 $1,353.53 $0.00 $2,277.09 $406,360.76
177 $406,360.76 $1,353.53 $0.00 $2,297.62 $410,011.91
178 $410,011.91 $1,353.53 $0.00 $2,318.27 $413,683.71
179 $413,683.71 $1,353.53 $0.00 $2,339.03 $417,376.27
180 $417,376.27 $1,353.53 $0.00 $2,359.91 $421,089.71
181 $421,089.71 $1,353.53 $0.00 $2,380.90 $424,824.14
182 $424,824.14 $1,353.53 $0.00 $2,402.02 $428,579.69
183 $428,579.69 $1,353.53 $0.00 $2,423.25 $432,356.47
184 $432,356.47 $1,353.53 $0.00 $2,444.61 $436,154.61
185 $436,154.61 $1,353.53 $0.00 $2,466.08 $439,974.22
186 $439,974.22 $1,353.53 $0.00 $2,487.68 $443,815.43
187 $443,815.43 $1,353.53 $0.00 $2,509.40 $447,678.36
188 $447,678.36 $1,353.53 $0.00 $2,531.24 $451,563.13
189 $451,563.13 $1,353.53 $0.00 $2,553.20 $455,469.86
190 $455,469.86 $1,353.53 $0.00 $2,575.29 $459,398.68
191 $459,398.68 $1,353.53 $0.00 $2,597.51 $463,349.72
192 $463,349.72 $1,353.53 $0.00 $2,619.85 $467,323.10
193 $467,323.10 $1,353.53 $0.00 $2,642.31 $471,318.94
194 $471,318.94 $1,353.53 $0.00 $2,664.91 $475,337.38
195 $475,337.38 $1,353.53 $0.00 $2,687.63 $479,378.54
196 $479,378.54 $1,353.53 $0.00 $2,710.48 $483,442.55
197 $483,442.55 $1,353.53 $0.00 $2,733.45 $487,529.53
198 $487,529.53 $1,353.53 $0.00 $2,756.56 $491,639.62
199 $491,639.62 $1,353.53 $0.00 $2,779.80 $495,772.95
200 $495,772.95 $1,353.53 $0.00 $2,803.17 $499,929.65
201 $499,929.65 $1,353.53 $0.00 $2,826.67 $504,109.85
202 $504,109.85 $1,353.53 $0.00 $2,850.31 $508,313.69
203 $508,313.69 $1,353.53 $0.00 $2,874.08 $512,541.30
204 $512,541.30 $1,353.53 $0.00 $2,897.98 $516,792.81
205 $516,792.81 $1,353.53 $0.00 $2,922.02 $521,068.36
206 $521,068.36 $1,353.53 $0.00 $2,946.20 $525,368.09
207 $525,368.09 $1,353.53 $0.00 $2,970.51 $529,692.13
208 $529,692.13 $1,353.53 $0.00 $2,994.96 $534,040.62
209 $534,040.62 $1,353.53 $0.00 $3,019.54 $538,413.69
210 $538,413.69 $1,353.53 $0.00 $3,044.27 $542,811.49
211 $542,811.49 $1,353.53 $0.00 $3,069.14 $547,234.16
212 $547,234.16 $1,353.53 $0.00 $3,094.14 $551,681.83
213 $551,681.83 $1,353.53 $0.00 $3,119.29 $556,154.65
214 $556,154.65 $1,353.53 $0.00 $3,144.58 $560,652.76
215 $560,652.76 $1,353.53 $0.00 $3,170.01 $565,176.30
216 $565,176.30 $1,353.53 $0.00 $3,195.59 $569,725.42
217 $569,725.42 $1,353.53 $154,293.91 $3,221.31 $420,006.35
218 $420,006.35 $1,353.53 $0.00 $2,374.78 $423,734.66
219 $423,734.66 $1,353.53 $0.00 $2,395.86 $427,484.05
220 $427,484.05 $1,353.53 $0.00 $2,417.06 $431,254.64
221 $431,254.64 $1,353.53 $0.00 $2,438.38 $435,046.55
222 $435,046.55 $1,353.53 $0.00 $2,459.82 $438,859.90
223 $438,859.90 $1,353.53 $0.00 $2,481.38 $442,694.81
224 $442,694.81 $1,353.53 $0.00 $2,503.06 $446,551.40
225 $446,551.40 $1,353.53 $0.00 $2,524.87 $450,429.80
226 $450,429.80 $1,353.53 $0.00 $2,546.80 $454,330.13
227 $454,330.13 $1,353.53 $0.00 $2,568.85 $458,252.51
228 $458,252.51 $1,353.53 $0.00 $2,591.03 $462,197.07
229 $462,197.07 $1,353.53 $165,094.48 $2,613.33 $301,069.45
230 $301,069.45 $1,353.53 $0.00 $1,702.29 $304,125.27
231 $304,125.27 $1,353.53 $0.00 $1,719.57 $307,198.37
232 $307,198.37 $1,353.53 $0.00 $1,736.94 $310,288.84
233 $310,288.84 $1,353.53 $0.00 $1,754.42 $313,396.79
234 $313,396.79 $1,353.53 $0.00 $1,771.99 $316,522.31
235 $316,522.31 $1,353.53 $0.00 $1,789.66 $319,665.50
236 $319,665.50 $1,353.53 $0.00 $1,807.44 $322,826.47
237 $322,826.47 $1,353.53 $0.00 $1,825.31 $326,005.31
238 $326,005.31 $1,353.53 $0.00 $1,843.28 $329,202.12
239 $329,202.12 $1,353.53 $0.00 $1,861.36 $332,417.01
240 $332,417.01 $1,353.53 $0.00 $1,879.53 $335,650.07
241 $335,650.07 $1,353.53 $176,651.10 $1,897.81 $162,250.31
242 $162,250.31 $1,353.53 $0.00 $917.39 $164,521.23
243 $164,521.23 $1,353.53 $0.00 $930.23 $166,804.99
244 $166,804.99 $1,353.53 $0.00 $943.14 $169,101.66
245 $169,101.66 $1,353.53 $0.00 $956.13 $171,411.32
246 $171,411.32 $1,353.53 $0.00 $969.18 $173,734.03
247 $173,734.03 $1,353.53 $0.00 $982.32 $176,069.88
248 $176,069.88 $1,353.53 $0.00 $995.52 $178,418.93
249 $178,418.93 $1,353.53 $0.00 $1,008.81 $180,781.27
250 $180,781.27 $1,353.53 $0.00 $1,022.16 $183,156.96
251 $183,156.96 $1,353.53 $0.00 $1,035.60 $185,546.09
252 $185,546.09 $1,353.53 $0.00 $1,049.10 $187,948.72
253 $187,948.72 $0.00 $189,016.67 $1,062.69 -$5.26