Savings Plan and Future Cost Estimation for Miller Motte College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$72,011
Monthly savings required$320

How much will it cost to send your child to Miller Motte College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $144,022.13 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $319.94 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$20,585.00
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 $319.94 $0.00 $0.00 $319.94
2 $319.94 $319.94 $0.00 $1.81 $641.69
3 $641.69 $319.94 $0.00 $3.63 $965.26
4 $965.26 $319.94 $0.00 $5.46 $1,290.66
5 $1,290.66 $319.94 $0.00 $7.30 $1,617.90
6 $1,617.90 $319.94 $0.00 $9.15 $1,946.99
7 $1,946.99 $319.94 $0.00 $11.01 $2,277.94
8 $2,277.94 $319.94 $0.00 $12.88 $2,610.76
9 $2,610.76 $319.94 $0.00 $14.76 $2,945.46
10 $2,945.46 $319.94 $0.00 $16.65 $3,282.05
11 $3,282.05 $319.94 $0.00 $18.56 $3,620.55
12 $3,620.55 $319.94 $0.00 $20.47 $3,960.96
13 $3,960.96 $319.94 $0.00 $22.40 $4,303.30
14 $4,303.30 $319.94 $0.00 $24.33 $4,647.57
15 $4,647.57 $319.94 $0.00 $26.28 $4,993.79
16 $4,993.79 $319.94 $0.00 $28.24 $5,341.97
17 $5,341.97 $319.94 $0.00 $30.20 $5,692.11
18 $5,692.11 $319.94 $0.00 $32.18 $6,044.23
19 $6,044.23 $319.94 $0.00 $34.17 $6,398.34
20 $6,398.34 $319.94 $0.00 $36.18 $6,754.46
21 $6,754.46 $319.94 $0.00 $38.19 $7,112.59
22 $7,112.59 $319.94 $0.00 $40.22 $7,472.75
23 $7,472.75 $319.94 $0.00 $42.25 $7,834.94
24 $7,834.94 $319.94 $0.00 $44.30 $8,199.18
25 $8,199.18 $319.94 $0.00 $46.36 $8,565.48
26 $8,565.48 $319.94 $0.00 $48.43 $8,933.85
27 $8,933.85 $319.94 $0.00 $50.51 $9,304.30
28 $9,304.30 $319.94 $0.00 $52.61 $9,676.85
29 $9,676.85 $319.94 $0.00 $54.71 $10,051.50
30 $10,051.50 $319.94 $0.00 $56.83 $10,428.27
31 $10,428.27 $319.94 $0.00 $58.96 $10,807.17
32 $10,807.17 $319.94 $0.00 $61.11 $11,188.22
33 $11,188.22 $319.94 $0.00 $63.26 $11,571.42
34 $11,571.42 $319.94 $0.00 $65.43 $11,956.79
35 $11,956.79 $319.94 $0.00 $67.61 $12,344.34
36 $12,344.34 $319.94 $0.00 $69.80 $12,734.08
37 $12,734.08 $319.94 $0.00 $72.00 $13,126.02
38 $13,126.02 $319.94 $0.00 $74.22 $13,520.18
39 $13,520.18 $319.94 $0.00 $76.45 $13,916.57
40 $13,916.57 $319.94 $0.00 $78.69 $14,315.20
41 $14,315.20 $319.94 $0.00 $80.94 $14,716.08
42 $14,716.08 $319.94 $0.00 $83.21 $15,119.23
43 $15,119.23 $319.94 $0.00 $85.49 $15,524.66
44 $15,524.66 $319.94 $0.00 $87.78 $15,932.38
45 $15,932.38 $319.94 $0.00 $90.08 $16,342.40
46 $16,342.40 $319.94 $0.00 $92.40 $16,754.74
47 $16,754.74 $319.94 $0.00 $94.73 $17,169.41
48 $17,169.41 $319.94 $0.00 $97.08 $17,586.43
49 $17,586.43 $319.94 $0.00 $99.44 $18,005.81
50 $18,005.81 $319.94 $0.00 $101.81 $18,427.56
51 $18,427.56 $319.94 $0.00 $104.19 $18,851.69
52 $18,851.69 $319.94 $0.00 $106.59 $19,278.22
53 $19,278.22 $319.94 $0.00 $109.00 $19,707.16
54 $19,707.16 $319.94 $0.00 $111.43 $20,138.53
55 $20,138.53 $319.94 $0.00 $113.87 $20,572.34
56 $20,572.34 $319.94 $0.00 $116.32 $21,008.60
57 $21,008.60 $319.94 $0.00 $118.79 $21,447.33
58 $21,447.33 $319.94 $0.00 $121.27 $21,888.54
59 $21,888.54 $319.94 $0.00 $123.76 $22,332.24
60 $22,332.24 $319.94 $0.00 $126.27 $22,778.45
61 $22,778.45 $319.94 $0.00 $128.79 $23,227.18
62 $23,227.18 $319.94 $0.00 $131.33 $23,678.45
63 $23,678.45 $319.94 $0.00 $133.88 $24,132.27
64 $24,132.27 $319.94 $0.00 $136.45 $24,588.66
65 $24,588.66 $319.94 $0.00 $139.03 $25,047.63
66 $25,047.63 $319.94 $0.00 $141.62 $25,509.19
67 $25,509.19 $319.94 $0.00 $144.23 $25,973.36
68 $25,973.36 $319.94 $0.00 $146.86 $26,440.16
69 $26,440.16 $319.94 $0.00 $149.50 $26,909.60
70 $26,909.60 $319.94 $0.00 $152.15 $27,381.69
71 $27,381.69 $319.94 $0.00 $154.82 $27,856.45
72 $27,856.45 $319.94 $0.00 $157.50 $28,333.89
73 $28,333.89 $319.94 $0.00 $160.20 $28,814.03
74 $28,814.03 $319.94 $0.00 $162.92 $29,296.89
75 $29,296.89 $319.94 $0.00 $165.65 $29,782.48
76 $29,782.48 $319.94 $0.00 $168.39 $30,270.81
77 $30,270.81 $319.94 $0.00 $171.16 $30,761.91
78 $30,761.91 $319.94 $0.00 $173.93 $31,255.78
79 $31,255.78 $319.94 $0.00 $176.72 $31,752.44
80 $31,752.44 $319.94 $0.00 $179.53 $32,251.91
81 $32,251.91 $319.94 $0.00 $182.36 $32,754.21
82 $32,754.21 $319.94 $0.00 $185.20 $33,259.35
83 $33,259.35 $319.94 $0.00 $188.05 $33,767.34
84 $33,767.34 $319.94 $0.00 $190.93 $34,278.21
85 $34,278.21 $319.94 $0.00 $193.81 $34,791.96
86 $34,791.96 $319.94 $0.00 $196.72 $35,308.62
87 $35,308.62 $319.94 $0.00 $199.64 $35,828.20
88 $35,828.20 $319.94 $0.00 $202.58 $36,350.72
89 $36,350.72 $319.94 $0.00 $205.53 $36,876.19
90 $36,876.19 $319.94 $0.00 $208.50 $37,404.63
91 $37,404.63 $319.94 $0.00 $211.49 $37,936.06
92 $37,936.06 $319.94 $0.00 $214.50 $38,470.50
93 $38,470.50 $319.94 $0.00 $217.52 $39,007.96
94 $39,007.96 $319.94 $0.00 $220.56 $39,548.46
95 $39,548.46 $319.94 $0.00 $223.61 $40,092.01
96 $40,092.01 $319.94 $0.00 $226.69 $40,638.64
97 $40,638.64 $319.94 $0.00 $229.78 $41,188.36
98 $41,188.36 $319.94 $0.00 $232.88 $41,741.18
99 $41,741.18 $319.94 $0.00 $236.01 $42,297.13
100 $42,297.13 $319.94 $0.00 $239.15 $42,856.22
101 $42,856.22 $319.94 $0.00 $242.32 $43,418.48
102 $43,418.48 $319.94 $0.00 $245.49 $43,983.91
103 $43,983.91 $319.94 $0.00 $248.69 $44,552.54
104 $44,552.54 $319.94 $0.00 $251.91 $45,124.39
105 $45,124.39 $319.94 $0.00 $255.14 $45,699.47
106 $45,699.47 $319.94 $0.00 $258.39 $46,277.80
107 $46,277.80 $319.94 $0.00 $261.66 $46,859.40
108 $46,859.40 $319.94 $0.00 $264.95 $47,444.29
109 $47,444.29 $319.94 $0.00 $268.26 $48,032.49
110 $48,032.49 $319.94 $0.00 $271.58 $48,624.01
111 $48,624.01 $319.94 $0.00 $274.93 $49,218.88
112 $49,218.88 $319.94 $0.00 $278.29 $49,817.11
113 $49,817.11 $319.94 $0.00 $281.67 $50,418.72
114 $50,418.72 $319.94 $0.00 $285.07 $51,023.73
115 $51,023.73 $319.94 $0.00 $288.50 $51,632.17
116 $51,632.17 $319.94 $0.00 $291.94 $52,244.05
117 $52,244.05 $319.94 $0.00 $295.40 $52,859.39
118 $52,859.39 $319.94 $0.00 $298.87 $53,478.20
119 $53,478.20 $319.94 $0.00 $302.37 $54,100.51
120 $54,100.51 $319.94 $0.00 $305.89 $54,726.34
121 $54,726.34 $319.94 $0.00 $309.43 $55,355.71
122 $55,355.71 $319.94 $0.00 $312.99 $55,988.64
123 $55,988.64 $319.94 $0.00 $316.57 $56,625.15
124 $56,625.15 $319.94 $0.00 $320.17 $57,265.26
125 $57,265.26 $319.94 $0.00 $323.79 $57,908.99
126 $57,908.99 $319.94 $0.00 $327.43 $58,556.36
127 $58,556.36 $319.94 $0.00 $331.09 $59,207.39
128 $59,207.39 $319.94 $0.00 $334.77 $59,862.10
129 $59,862.10 $319.94 $0.00 $338.47 $60,520.51
130 $60,520.51 $319.94 $0.00 $342.19 $61,182.64
131 $61,182.64 $319.94 $0.00 $345.94 $61,848.52
132 $61,848.52 $319.94 $0.00 $349.70 $62,518.16
133 $62,518.16 $319.94 $0.00 $353.49 $63,191.59
134 $63,191.59 $319.94 $0.00 $357.29 $63,868.82
135 $63,868.82 $319.94 $0.00 $361.12 $64,549.88
136 $64,549.88 $319.94 $0.00 $364.97 $65,234.79
137 $65,234.79 $319.94 $0.00 $368.85 $65,923.58
138 $65,923.58 $319.94 $0.00 $372.74 $66,616.26
139 $66,616.26 $319.94 $0.00 $376.66 $67,312.86
140 $67,312.86 $319.94 $0.00 $380.60 $68,013.40
141 $68,013.40 $319.94 $0.00 $384.56 $68,717.90
142 $68,717.90 $319.94 $0.00 $388.54 $69,426.38
143 $69,426.38 $319.94 $0.00 $392.55 $70,138.87
144 $70,138.87 $319.94 $0.00 $396.58 $70,855.39
145 $70,855.39 $319.94 $0.00 $400.63 $71,575.96
146 $71,575.96 $319.94 $0.00 $404.70 $72,300.60
147 $72,300.60 $319.94 $0.00 $408.80 $73,029.34
148 $73,029.34 $319.94 $0.00 $412.92 $73,762.20
149 $73,762.20 $319.94 $0.00 $417.06 $74,499.20
150 $74,499.20 $319.94 $0.00 $421.23 $75,240.37
151 $75,240.37 $319.94 $0.00 $425.42 $75,985.73
152 $75,985.73 $319.94 $0.00 $429.63 $76,735.30
153 $76,735.30 $319.94 $0.00 $433.87 $77,489.11
154 $77,489.11 $319.94 $0.00 $438.13 $78,247.18
155 $78,247.18 $319.94 $0.00 $442.42 $79,009.54
156 $79,009.54 $319.94 $0.00 $446.73 $79,776.21
157 $79,776.21 $319.94 $0.00 $451.07 $80,547.22
158 $80,547.22 $319.94 $0.00 $455.43 $81,322.59
159 $81,322.59 $319.94 $0.00 $459.81 $82,102.34
160 $82,102.34 $319.94 $0.00 $464.22 $82,886.50
161 $82,886.50 $319.94 $0.00 $468.65 $83,675.09
162 $83,675.09 $319.94 $0.00 $473.11 $84,468.14
163 $84,468.14 $319.94 $0.00 $477.60 $85,265.68
164 $85,265.68 $319.94 $0.00 $482.10 $86,067.72
165 $86,067.72 $319.94 $0.00 $486.64 $86,874.30
166 $86,874.30 $319.94 $0.00 $491.20 $87,685.44
167 $87,685.44 $319.94 $0.00 $495.79 $88,501.17
168 $88,501.17 $319.94 $0.00 $500.40 $89,321.51
169 $89,321.51 $319.94 $0.00 $505.04 $90,146.49
170 $90,146.49 $319.94 $0.00 $509.70 $90,976.13
171 $90,976.13 $319.94 $0.00 $514.39 $91,810.46
172 $91,810.46 $319.94 $0.00 $519.11 $92,649.51
173 $92,649.51 $319.94 $0.00 $523.85 $93,493.30
174 $93,493.30 $319.94 $0.00 $528.62 $94,341.86
175 $94,341.86 $319.94 $0.00 $533.42 $95,195.22
176 $95,195.22 $319.94 $0.00 $538.25 $96,053.41
177 $96,053.41 $319.94 $0.00 $543.10 $96,916.45
178 $96,916.45 $319.94 $0.00 $547.98 $97,784.37
179 $97,784.37 $319.94 $0.00 $552.89 $98,657.20
180 $98,657.20 $319.94 $0.00 $557.82 $99,534.96
181 $99,534.96 $319.94 $0.00 $562.79 $100,417.69
182 $100,417.69 $319.94 $0.00 $567.78 $101,305.41
183 $101,305.41 $319.94 $0.00 $572.80 $102,198.15
184 $102,198.15 $319.94 $0.00 $577.84 $103,095.93
185 $103,095.93 $319.94 $0.00 $582.92 $103,998.79
186 $103,998.79 $319.94 $0.00 $588.02 $104,906.75
187 $104,906.75 $319.94 $0.00 $593.16 $105,819.85
188 $105,819.85 $319.94 $0.00 $598.32 $106,738.11
189 $106,738.11 $319.94 $0.00 $603.51 $107,661.56
190 $107,661.56 $319.94 $0.00 $608.73 $108,590.23
191 $108,590.23 $319.94 $0.00 $613.98 $109,524.15
192 $109,524.15 $319.94 $0.00 $619.27 $110,463.36
193 $110,463.36 $319.94 $0.00 $624.58 $111,407.88
194 $111,407.88 $319.94 $0.00 $629.92 $112,357.74
195 $112,357.74 $319.94 $0.00 $635.29 $113,312.97
196 $113,312.97 $319.94 $0.00 $640.69 $114,273.60
197 $114,273.60 $319.94 $0.00 $646.12 $115,239.66
198 $115,239.66 $319.94 $0.00 $651.58 $116,211.18
199 $116,211.18 $319.94 $0.00 $657.07 $117,188.19
200 $117,188.19 $319.94 $0.00 $662.60 $118,170.73
201 $118,170.73 $319.94 $0.00 $668.15 $119,158.82
202 $119,158.82 $319.94 $0.00 $673.74 $120,152.50
203 $120,152.50 $319.94 $0.00 $679.36 $121,151.80
204 $121,151.80 $319.94 $0.00 $685.01 $122,156.75
205 $122,156.75 $319.94 $0.00 $690.69 $123,167.38
206 $123,167.38 $319.94 $0.00 $696.41 $124,183.73
207 $124,183.73 $319.94 $0.00 $702.15 $125,205.82
208 $125,205.82 $319.94 $0.00 $707.93 $126,233.69
209 $126,233.69 $319.94 $0.00 $713.74 $127,267.37
210 $127,267.37 $319.94 $0.00 $719.59 $128,306.90
211 $128,306.90 $319.94 $0.00 $725.47 $129,352.31
212 $129,352.31 $319.94 $0.00 $731.38 $130,403.63
213 $130,403.63 $319.94 $0.00 $737.32 $131,460.89
214 $131,460.89 $319.94 $0.00 $743.30 $132,524.13
215 $132,524.13 $319.94 $0.00 $749.31 $133,593.38
216 $133,593.38 $319.94 $0.00 $755.36 $134,668.68
217 $134,668.68 $319.94 $69,575.91 $761.44 $66,174.15
218 $66,174.15 $319.94 $0.00 $374.16 $66,868.25
219 $66,868.25 $319.94 $0.00 $378.08 $67,566.27
220 $67,566.27 $319.94 $0.00 $382.03 $68,268.24
221 $68,268.24 $319.94 $0.00 $386.00 $68,974.18
222 $68,974.18 $319.94 $0.00 $389.99 $69,684.11
223 $69,684.11 $319.94 $0.00 $394.00 $70,398.05
224 $70,398.05 $319.94 $0.00 $398.04 $71,116.03
225 $71,116.03 $319.94 $0.00 $402.10 $71,838.07
226 $71,838.07 $319.94 $0.00 $406.18 $72,564.19
227 $72,564.19 $319.94 $0.00 $410.29 $73,294.42
228 $73,294.42 $319.94 $0.00 $414.42 $74,028.78
229 $74,028.78 $0.00 $74,446.22 $418.57 $1.13