Savings Plan and Future Cost Estimation for Cape Fear 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$62,989
Monthly savings required$280

How much will it cost to send your child to Cape Fear Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $125,978.26 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $279.85 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$18,006.00
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 $279.85 $0.00 $0.00 $279.85
2 $279.85 $279.85 $0.00 $1.58 $561.28
3 $561.28 $279.85 $0.00 $3.17 $844.30
4 $844.30 $279.85 $0.00 $4.77 $1,128.92
5 $1,128.92 $279.85 $0.00 $6.38 $1,415.15
6 $1,415.15 $279.85 $0.00 $8.00 $1,703.00
7 $1,703.00 $279.85 $0.00 $9.63 $1,992.48
8 $1,992.48 $279.85 $0.00 $11.27 $2,283.60
9 $2,283.60 $279.85 $0.00 $12.91 $2,576.36
10 $2,576.36 $279.85 $0.00 $14.57 $2,870.78
11 $2,870.78 $279.85 $0.00 $16.23 $3,166.86
12 $3,166.86 $279.85 $0.00 $17.91 $3,464.62
13 $3,464.62 $279.85 $0.00 $19.59 $3,764.06
14 $3,764.06 $279.85 $0.00 $21.28 $4,065.19
15 $4,065.19 $279.85 $0.00 $22.99 $4,368.03
16 $4,368.03 $279.85 $0.00 $24.70 $4,672.58
17 $4,672.58 $279.85 $0.00 $26.42 $4,978.85
18 $4,978.85 $279.85 $0.00 $28.15 $5,286.85
19 $5,286.85 $279.85 $0.00 $29.89 $5,596.59
20 $5,596.59 $279.85 $0.00 $31.64 $5,908.08
21 $5,908.08 $279.85 $0.00 $33.41 $6,221.34
22 $6,221.34 $279.85 $0.00 $35.18 $6,536.37
23 $6,536.37 $279.85 $0.00 $36.96 $6,853.18
24 $6,853.18 $279.85 $0.00 $38.75 $7,171.78
25 $7,171.78 $279.85 $0.00 $40.55 $7,492.18
26 $7,492.18 $279.85 $0.00 $42.36 $7,814.39
27 $7,814.39 $279.85 $0.00 $44.18 $8,138.42
28 $8,138.42 $279.85 $0.00 $46.02 $8,464.29
29 $8,464.29 $279.85 $0.00 $47.86 $8,792.00
30 $8,792.00 $279.85 $0.00 $49.71 $9,121.56
31 $9,121.56 $279.85 $0.00 $51.57 $9,452.98
32 $9,452.98 $279.85 $0.00 $53.45 $9,786.28
33 $9,786.28 $279.85 $0.00 $55.33 $10,121.46
34 $10,121.46 $279.85 $0.00 $57.23 $10,458.54
35 $10,458.54 $279.85 $0.00 $59.13 $10,797.52
36 $10,797.52 $279.85 $0.00 $61.05 $11,138.42
37 $11,138.42 $279.85 $0.00 $62.98 $11,481.25
38 $11,481.25 $279.85 $0.00 $64.92 $11,826.02
39 $11,826.02 $279.85 $0.00 $66.87 $12,172.74
40 $12,172.74 $279.85 $0.00 $68.83 $12,521.42
41 $12,521.42 $279.85 $0.00 $70.80 $12,872.07
42 $12,872.07 $279.85 $0.00 $72.78 $13,224.70
43 $13,224.70 $279.85 $0.00 $74.77 $13,579.32
44 $13,579.32 $279.85 $0.00 $76.78 $13,935.95
45 $13,935.95 $279.85 $0.00 $78.80 $14,294.60
46 $14,294.60 $279.85 $0.00 $80.82 $14,655.27
47 $14,655.27 $279.85 $0.00 $82.86 $15,017.98
48 $15,017.98 $279.85 $0.00 $84.91 $15,382.74
49 $15,382.74 $279.85 $0.00 $86.98 $15,749.57
50 $15,749.57 $279.85 $0.00 $89.05 $16,118.47
51 $16,118.47 $279.85 $0.00 $91.14 $16,489.46
52 $16,489.46 $279.85 $0.00 $93.23 $16,862.54
53 $16,862.54 $279.85 $0.00 $95.34 $17,237.73
54 $17,237.73 $279.85 $0.00 $97.46 $17,615.04
55 $17,615.04 $279.85 $0.00 $99.60 $17,994.49
56 $17,994.49 $279.85 $0.00 $101.74 $18,376.08
57 $18,376.08 $279.85 $0.00 $103.90 $18,759.83
58 $18,759.83 $279.85 $0.00 $106.07 $19,145.75
59 $19,145.75 $279.85 $0.00 $108.25 $19,533.85
60 $19,533.85 $279.85 $0.00 $110.45 $19,924.15
61 $19,924.15 $279.85 $0.00 $112.65 $20,316.65
62 $20,316.65 $279.85 $0.00 $114.87 $20,711.37
63 $20,711.37 $279.85 $0.00 $117.11 $21,108.33
64 $21,108.33 $279.85 $0.00 $119.35 $21,507.53
65 $21,507.53 $279.85 $0.00 $121.61 $21,908.99
66 $21,908.99 $279.85 $0.00 $123.88 $22,312.72
67 $22,312.72 $279.85 $0.00 $126.16 $22,718.73
68 $22,718.73 $279.85 $0.00 $128.46 $23,127.04
69 $23,127.04 $279.85 $0.00 $130.76 $23,537.65
70 $23,537.65 $279.85 $0.00 $133.09 $23,950.59
71 $23,950.59 $279.85 $0.00 $135.42 $24,365.86
72 $24,365.86 $279.85 $0.00 $137.77 $24,783.48
73 $24,783.48 $279.85 $0.00 $140.13 $25,203.46
74 $25,203.46 $279.85 $0.00 $142.50 $25,625.81
75 $25,625.81 $279.85 $0.00 $144.89 $26,050.55
76 $26,050.55 $279.85 $0.00 $147.29 $26,477.69
77 $26,477.69 $279.85 $0.00 $149.71 $26,907.25
78 $26,907.25 $279.85 $0.00 $152.14 $27,339.24
79 $27,339.24 $279.85 $0.00 $154.58 $27,773.67
80 $27,773.67 $279.85 $0.00 $157.04 $28,210.56
81 $28,210.56 $279.85 $0.00 $159.51 $28,649.92
82 $28,649.92 $279.85 $0.00 $161.99 $29,091.76
83 $29,091.76 $279.85 $0.00 $164.49 $29,536.10
84 $29,536.10 $279.85 $0.00 $167.00 $29,982.95
85 $29,982.95 $279.85 $0.00 $169.53 $30,432.33
86 $30,432.33 $279.85 $0.00 $172.07 $30,884.25
87 $30,884.25 $279.85 $0.00 $174.62 $31,338.72
88 $31,338.72 $279.85 $0.00 $177.19 $31,795.76
89 $31,795.76 $279.85 $0.00 $179.78 $32,255.39
90 $32,255.39 $279.85 $0.00 $182.38 $32,717.62
91 $32,717.62 $279.85 $0.00 $184.99 $33,182.46
92 $33,182.46 $279.85 $0.00 $187.62 $33,649.93
93 $33,649.93 $279.85 $0.00 $190.26 $34,120.04
94 $34,120.04 $279.85 $0.00 $192.92 $34,592.81
95 $34,592.81 $279.85 $0.00 $195.59 $35,068.25
96 $35,068.25 $279.85 $0.00 $198.28 $35,546.38
97 $35,546.38 $279.85 $0.00 $200.98 $36,027.21
98 $36,027.21 $279.85 $0.00 $203.70 $36,510.76
99 $36,510.76 $279.85 $0.00 $206.44 $36,997.05
100 $36,997.05 $279.85 $0.00 $209.19 $37,486.09
101 $37,486.09 $279.85 $0.00 $211.95 $37,977.89
102 $37,977.89 $279.85 $0.00 $214.73 $38,472.47
103 $38,472.47 $279.85 $0.00 $217.53 $38,969.85
104 $38,969.85 $279.85 $0.00 $220.34 $39,470.04
105 $39,470.04 $279.85 $0.00 $223.17 $39,973.06
106 $39,973.06 $279.85 $0.00 $226.01 $40,478.92
107 $40,478.92 $279.85 $0.00 $228.87 $40,987.64
108 $40,987.64 $279.85 $0.00 $231.75 $41,499.24
109 $41,499.24 $279.85 $0.00 $234.64 $42,013.73
110 $42,013.73 $279.85 $0.00 $237.55 $42,531.13
111 $42,531.13 $279.85 $0.00 $240.48 $43,051.46
112 $43,051.46 $279.85 $0.00 $243.42 $43,574.73
113 $43,574.73 $279.85 $0.00 $246.38 $44,100.96
114 $44,100.96 $279.85 $0.00 $249.35 $44,630.16
115 $44,630.16 $279.85 $0.00 $252.35 $45,162.36
116 $45,162.36 $279.85 $0.00 $255.35 $45,697.56
117 $45,697.56 $279.85 $0.00 $258.38 $46,235.79
118 $46,235.79 $279.85 $0.00 $261.42 $46,777.06
119 $46,777.06 $279.85 $0.00 $264.48 $47,321.39
120 $47,321.39 $279.85 $0.00 $267.56 $47,868.80
121 $47,868.80 $279.85 $0.00 $270.66 $48,419.31
122 $48,419.31 $279.85 $0.00 $273.77 $48,972.93
123 $48,972.93 $279.85 $0.00 $276.90 $49,529.68
124 $49,529.68 $279.85 $0.00 $280.05 $50,089.58
125 $50,089.58 $279.85 $0.00 $283.21 $50,652.64
126 $50,652.64 $279.85 $0.00 $286.40 $51,218.89
127 $51,218.89 $279.85 $0.00 $289.60 $51,788.34
128 $51,788.34 $279.85 $0.00 $292.82 $52,361.01
129 $52,361.01 $279.85 $0.00 $296.06 $52,936.92
130 $52,936.92 $279.85 $0.00 $299.31 $53,516.08
131 $53,516.08 $279.85 $0.00 $302.59 $54,098.52
132 $54,098.52 $279.85 $0.00 $305.88 $54,684.25
133 $54,684.25 $279.85 $0.00 $309.19 $55,273.29
134 $55,273.29 $279.85 $0.00 $312.52 $55,865.66
135 $55,865.66 $279.85 $0.00 $315.87 $56,461.38
136 $56,461.38 $279.85 $0.00 $319.24 $57,060.47
137 $57,060.47 $279.85 $0.00 $322.63 $57,662.95
138 $57,662.95 $279.85 $0.00 $326.03 $58,268.83
139 $58,268.83 $279.85 $0.00 $329.46 $58,878.14
140 $58,878.14 $279.85 $0.00 $332.91 $59,490.90
141 $59,490.90 $279.85 $0.00 $336.37 $60,107.12
142 $60,107.12 $279.85 $0.00 $339.85 $60,726.82
143 $60,726.82 $279.85 $0.00 $343.36 $61,350.03
144 $61,350.03 $279.85 $0.00 $346.88 $61,976.76
145 $61,976.76 $279.85 $0.00 $350.43 $62,607.04
146 $62,607.04 $279.85 $0.00 $353.99 $63,240.88
147 $63,240.88 $279.85 $0.00 $357.57 $63,878.30
148 $63,878.30 $279.85 $0.00 $361.18 $64,519.33
149 $64,519.33 $279.85 $0.00 $364.80 $65,163.98
150 $65,163.98 $279.85 $0.00 $368.45 $65,812.28
151 $65,812.28 $279.85 $0.00 $372.11 $66,464.24
152 $66,464.24 $279.85 $0.00 $375.80 $67,119.89
153 $67,119.89 $279.85 $0.00 $379.51 $67,779.25
154 $67,779.25 $279.85 $0.00 $383.23 $68,442.33
155 $68,442.33 $279.85 $0.00 $386.98 $69,109.16
156 $69,109.16 $279.85 $0.00 $390.75 $69,779.76
157 $69,779.76 $279.85 $0.00 $394.54 $70,454.15
158 $70,454.15 $279.85 $0.00 $398.36 $71,132.36
159 $71,132.36 $279.85 $0.00 $402.19 $71,814.40
160 $71,814.40 $279.85 $0.00 $406.05 $72,500.30
161 $72,500.30 $279.85 $0.00 $409.93 $73,190.08
162 $73,190.08 $279.85 $0.00 $413.83 $73,883.76
163 $73,883.76 $279.85 $0.00 $417.75 $74,581.36
164 $74,581.36 $279.85 $0.00 $421.69 $75,282.90
165 $75,282.90 $279.85 $0.00 $425.66 $75,988.41
166 $75,988.41 $279.85 $0.00 $429.65 $76,697.91
167 $76,697.91 $279.85 $0.00 $433.66 $77,411.42
168 $77,411.42 $279.85 $0.00 $437.70 $78,128.97
169 $78,128.97 $279.85 $0.00 $441.75 $78,850.57
170 $78,850.57 $279.85 $0.00 $445.83 $79,576.25
171 $79,576.25 $279.85 $0.00 $449.94 $80,306.04
172 $80,306.04 $279.85 $0.00 $454.06 $81,039.95
173 $81,039.95 $279.85 $0.00 $458.21 $81,778.01
174 $81,778.01 $279.85 $0.00 $462.38 $82,520.24
175 $82,520.24 $279.85 $0.00 $466.58 $83,266.67
176 $83,266.67 $279.85 $0.00 $470.80 $84,017.32
177 $84,017.32 $279.85 $0.00 $475.05 $84,772.22
178 $84,772.22 $279.85 $0.00 $479.31 $85,531.38
179 $85,531.38 $279.85 $0.00 $483.61 $86,294.84
180 $86,294.84 $279.85 $0.00 $487.92 $87,062.61
181 $87,062.61 $279.85 $0.00 $492.26 $87,834.72
182 $87,834.72 $279.85 $0.00 $496.63 $88,611.20
183 $88,611.20 $279.85 $0.00 $501.02 $89,392.07
184 $89,392.07 $279.85 $0.00 $505.44 $90,177.36
185 $90,177.36 $279.85 $0.00 $509.88 $90,967.09
186 $90,967.09 $279.85 $0.00 $514.34 $91,761.28
187 $91,761.28 $279.85 $0.00 $518.83 $92,559.96
188 $92,559.96 $279.85 $0.00 $523.35 $93,363.16
189 $93,363.16 $279.85 $0.00 $527.89 $94,170.90
190 $94,170.90 $279.85 $0.00 $532.46 $94,983.21
191 $94,983.21 $279.85 $0.00 $537.05 $95,800.11
192 $95,800.11 $279.85 $0.00 $541.67 $96,621.63
193 $96,621.63 $279.85 $0.00 $546.31 $97,447.79
194 $97,447.79 $279.85 $0.00 $550.98 $98,278.62
195 $98,278.62 $279.85 $0.00 $555.68 $99,114.15
196 $99,114.15 $279.85 $0.00 $560.41 $99,954.41
197 $99,954.41 $279.85 $0.00 $565.16 $100,799.42
198 $100,799.42 $279.85 $0.00 $569.93 $101,649.20
199 $101,649.20 $279.85 $0.00 $574.74 $102,503.79
200 $102,503.79 $279.85 $0.00 $579.57 $103,363.21
201 $103,363.21 $279.85 $0.00 $584.43 $104,227.49
202 $104,227.49 $279.85 $0.00 $589.32 $105,096.66
203 $105,096.66 $279.85 $0.00 $594.23 $105,970.74
204 $105,970.74 $279.85 $0.00 $599.17 $106,849.76
205 $106,849.76 $279.85 $0.00 $604.14 $107,733.75
206 $107,733.75 $279.85 $0.00 $609.14 $108,622.74
207 $108,622.74 $279.85 $0.00 $614.17 $109,516.76
208 $109,516.76 $279.85 $0.00 $619.22 $110,415.83
209 $110,415.83 $279.85 $0.00 $624.31 $111,319.99
210 $111,319.99 $279.85 $0.00 $629.42 $112,229.26
211 $112,229.26 $279.85 $0.00 $634.56 $113,143.67
212 $113,143.67 $279.85 $0.00 $639.73 $114,063.25
213 $114,063.25 $279.85 $0.00 $644.93 $114,988.03
214 $114,988.03 $279.85 $0.00 $650.16 $115,918.04
215 $115,918.04 $279.85 $0.00 $655.42 $116,853.31
216 $116,853.31 $279.85 $0.00 $660.71 $117,793.87
217 $117,793.87 $279.85 $60,859.06 $666.02 $57,880.68
218 $57,880.68 $279.85 $0.00 $327.27 $58,487.80
219 $58,487.80 $279.85 $0.00 $330.70 $59,098.35
220 $59,098.35 $279.85 $0.00 $334.15 $59,712.35
221 $59,712.35 $279.85 $0.00 $337.62 $60,329.82
222 $60,329.82 $279.85 $0.00 $341.11 $60,950.78
223 $60,950.78 $279.85 $0.00 $344.62 $61,575.25
224 $61,575.25 $279.85 $0.00 $348.16 $62,203.26
225 $62,203.26 $279.85 $0.00 $351.71 $62,834.82
226 $62,834.82 $279.85 $0.00 $355.28 $63,469.95
227 $63,469.95 $279.85 $0.00 $358.87 $64,108.67
228 $64,108.67 $279.85 $0.00 $362.48 $64,751.00
229 $64,751.00 $0.00 $65,119.19 $366.11 -$2.08