Savings Plan and Future Cost Estimation for South Piedmont 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$70,342
Monthly savings required$313

How much will it cost to send your child to South Piedmont Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $140,684.81 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $312.52 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$20,108.00
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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Discover how much will you need to start saving now to afford South Piedmont Community College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $312.52 $0.00 $0.00 $312.52
2 $312.52 $312.52 $0.00 $1.77 $626.81
3 $626.81 $312.52 $0.00 $3.54 $942.87
4 $942.87 $312.52 $0.00 $5.33 $1,260.72
5 $1,260.72 $312.52 $0.00 $7.13 $1,580.37
6 $1,580.37 $312.52 $0.00 $8.94 $1,901.83
7 $1,901.83 $312.52 $0.00 $10.75 $2,225.10
8 $2,225.10 $312.52 $0.00 $12.58 $2,550.20
9 $2,550.20 $312.52 $0.00 $14.42 $2,877.14
10 $2,877.14 $312.52 $0.00 $16.27 $3,205.93
11 $3,205.93 $312.52 $0.00 $18.13 $3,536.58
12 $3,536.58 $312.52 $0.00 $20.00 $3,869.10
13 $3,869.10 $312.52 $0.00 $21.88 $4,203.50
14 $4,203.50 $312.52 $0.00 $23.77 $4,539.79
15 $4,539.79 $312.52 $0.00 $25.67 $4,877.98
16 $4,877.98 $312.52 $0.00 $27.58 $5,218.08
17 $5,218.08 $312.52 $0.00 $29.50 $5,560.10
18 $5,560.10 $312.52 $0.00 $31.44 $5,904.06
19 $5,904.06 $312.52 $0.00 $33.38 $6,249.96
20 $6,249.96 $312.52 $0.00 $35.34 $6,597.82
21 $6,597.82 $312.52 $0.00 $37.31 $6,947.65
22 $6,947.65 $312.52 $0.00 $39.28 $7,299.45
23 $7,299.45 $312.52 $0.00 $41.27 $7,653.24
24 $7,653.24 $312.52 $0.00 $43.27 $8,009.03
25 $8,009.03 $312.52 $0.00 $45.28 $8,366.83
26 $8,366.83 $312.52 $0.00 $47.31 $8,726.66
27 $8,726.66 $312.52 $0.00 $49.34 $9,088.52
28 $9,088.52 $312.52 $0.00 $51.39 $9,452.43
29 $9,452.43 $312.52 $0.00 $53.45 $9,818.40
30 $9,818.40 $312.52 $0.00 $55.51 $10,186.43
31 $10,186.43 $312.52 $0.00 $57.60 $10,556.55
32 $10,556.55 $312.52 $0.00 $59.69 $10,928.76
33 $10,928.76 $312.52 $0.00 $61.79 $11,303.07
34 $11,303.07 $312.52 $0.00 $63.91 $11,679.50
35 $11,679.50 $312.52 $0.00 $66.04 $12,058.06
36 $12,058.06 $312.52 $0.00 $68.18 $12,438.76
37 $12,438.76 $312.52 $0.00 $70.33 $12,821.61
38 $12,821.61 $312.52 $0.00 $72.50 $13,206.63
39 $13,206.63 $312.52 $0.00 $74.67 $13,593.82
40 $13,593.82 $312.52 $0.00 $76.86 $13,983.20
41 $13,983.20 $312.52 $0.00 $79.06 $14,374.78
42 $14,374.78 $312.52 $0.00 $81.28 $14,768.58
43 $14,768.58 $312.52 $0.00 $83.50 $15,164.60
44 $15,164.60 $312.52 $0.00 $85.74 $15,562.86
45 $15,562.86 $312.52 $0.00 $87.99 $15,963.37
46 $15,963.37 $312.52 $0.00 $90.26 $16,366.15
47 $16,366.15 $312.52 $0.00 $92.54 $16,771.21
48 $16,771.21 $312.52 $0.00 $94.83 $17,178.56
49 $17,178.56 $312.52 $0.00 $97.13 $17,588.21
50 $17,588.21 $312.52 $0.00 $99.45 $18,000.18
51 $18,000.18 $312.52 $0.00 $101.78 $18,414.48
52 $18,414.48 $312.52 $0.00 $104.12 $18,831.12
53 $18,831.12 $312.52 $0.00 $106.47 $19,250.11
54 $19,250.11 $312.52 $0.00 $108.84 $19,671.47
55 $19,671.47 $312.52 $0.00 $111.23 $20,095.22
56 $20,095.22 $312.52 $0.00 $113.62 $20,521.36
57 $20,521.36 $312.52 $0.00 $116.03 $20,949.91
58 $20,949.91 $312.52 $0.00 $118.45 $21,380.88
59 $21,380.88 $312.52 $0.00 $120.89 $21,814.29
60 $21,814.29 $312.52 $0.00 $123.34 $22,250.15
61 $22,250.15 $312.52 $0.00 $125.81 $22,688.48
62 $22,688.48 $312.52 $0.00 $128.28 $23,129.28
63 $23,129.28 $312.52 $0.00 $130.78 $23,572.58
64 $23,572.58 $312.52 $0.00 $133.28 $24,018.38
65 $24,018.38 $312.52 $0.00 $135.80 $24,466.70
66 $24,466.70 $312.52 $0.00 $138.34 $24,917.56
67 $24,917.56 $312.52 $0.00 $140.89 $25,370.97
68 $25,370.97 $312.52 $0.00 $143.45 $25,826.94
69 $25,826.94 $312.52 $0.00 $146.03 $26,285.49
70 $26,285.49 $312.52 $0.00 $148.62 $26,746.63
71 $26,746.63 $312.52 $0.00 $151.23 $27,210.38
72 $27,210.38 $312.52 $0.00 $153.85 $27,676.75
73 $27,676.75 $312.52 $0.00 $156.49 $28,145.76
74 $28,145.76 $312.52 $0.00 $159.14 $28,617.42
75 $28,617.42 $312.52 $0.00 $161.81 $29,091.75
76 $29,091.75 $312.52 $0.00 $164.49 $29,568.76
77 $29,568.76 $312.52 $0.00 $167.19 $30,048.47
78 $30,048.47 $312.52 $0.00 $169.90 $30,530.89
79 $30,530.89 $312.52 $0.00 $172.63 $31,016.04
80 $31,016.04 $312.52 $0.00 $175.37 $31,503.93
81 $31,503.93 $312.52 $0.00 $178.13 $31,994.58
82 $31,994.58 $312.52 $0.00 $180.90 $32,488.00
83 $32,488.00 $312.52 $0.00 $183.69 $32,984.21
84 $32,984.21 $312.52 $0.00 $186.50 $33,483.23
85 $33,483.23 $312.52 $0.00 $189.32 $33,985.07
86 $33,985.07 $312.52 $0.00 $192.16 $34,489.75
87 $34,489.75 $312.52 $0.00 $195.01 $34,997.28
88 $34,997.28 $312.52 $0.00 $197.88 $35,507.68
89 $35,507.68 $312.52 $0.00 $200.77 $36,020.97
90 $36,020.97 $312.52 $0.00 $203.67 $36,537.16
91 $36,537.16 $312.52 $0.00 $206.59 $37,056.27
92 $37,056.27 $312.52 $0.00 $209.52 $37,578.31
93 $37,578.31 $312.52 $0.00 $212.47 $38,103.30
94 $38,103.30 $312.52 $0.00 $215.44 $38,631.26
95 $38,631.26 $312.52 $0.00 $218.43 $39,162.21
96 $39,162.21 $312.52 $0.00 $221.43 $39,696.16
97 $39,696.16 $312.52 $0.00 $224.45 $40,233.13
98 $40,233.13 $312.52 $0.00 $227.48 $40,773.13
99 $40,773.13 $312.52 $0.00 $230.54 $41,316.19
100 $41,316.19 $312.52 $0.00 $233.61 $41,862.32
101 $41,862.32 $312.52 $0.00 $236.70 $42,411.54
102 $42,411.54 $312.52 $0.00 $239.80 $42,963.86
103 $42,963.86 $312.52 $0.00 $242.92 $43,519.30
104 $43,519.30 $312.52 $0.00 $246.06 $44,077.88
105 $44,077.88 $312.52 $0.00 $249.22 $44,639.62
106 $44,639.62 $312.52 $0.00 $252.40 $45,204.54
107 $45,204.54 $312.52 $0.00 $255.59 $45,772.65
108 $45,772.65 $312.52 $0.00 $258.81 $46,343.98
109 $46,343.98 $312.52 $0.00 $262.04 $46,918.54
110 $46,918.54 $312.52 $0.00 $265.28 $47,496.34
111 $47,496.34 $312.52 $0.00 $268.55 $48,077.41
112 $48,077.41 $312.52 $0.00 $271.84 $48,661.77
113 $48,661.77 $312.52 $0.00 $275.14 $49,249.43
114 $49,249.43 $312.52 $0.00 $278.46 $49,840.41
115 $49,840.41 $312.52 $0.00 $281.80 $50,434.73
116 $50,434.73 $312.52 $0.00 $285.17 $51,032.42
117 $51,032.42 $312.52 $0.00 $288.54 $51,633.48
118 $51,633.48 $312.52 $0.00 $291.94 $52,237.94
119 $52,237.94 $312.52 $0.00 $295.36 $52,845.82
120 $52,845.82 $312.52 $0.00 $298.80 $53,457.14
121 $53,457.14 $312.52 $0.00 $302.25 $54,071.91
122 $54,071.91 $312.52 $0.00 $305.73 $54,690.16
123 $54,690.16 $312.52 $0.00 $309.23 $55,311.91
124 $55,311.91 $312.52 $0.00 $312.74 $55,937.17
125 $55,937.17 $312.52 $0.00 $316.28 $56,565.97
126 $56,565.97 $312.52 $0.00 $319.83 $57,198.32
127 $57,198.32 $312.52 $0.00 $323.41 $57,834.25
128 $57,834.25 $312.52 $0.00 $327.00 $58,473.77
129 $58,473.77 $312.52 $0.00 $330.62 $59,116.91
130 $59,116.91 $312.52 $0.00 $334.26 $59,763.69
131 $59,763.69 $312.52 $0.00 $337.91 $60,414.12
132 $60,414.12 $312.52 $0.00 $341.59 $61,068.23
133 $61,068.23 $312.52 $0.00 $345.29 $61,726.04
134 $61,726.04 $312.52 $0.00 $349.01 $62,387.57
135 $62,387.57 $312.52 $0.00 $352.75 $63,052.84
136 $63,052.84 $312.52 $0.00 $356.51 $63,721.87
137 $63,721.87 $312.52 $0.00 $360.29 $64,394.68
138 $64,394.68 $312.52 $0.00 $364.10 $65,071.30
139 $65,071.30 $312.52 $0.00 $367.92 $65,751.74
140 $65,751.74 $312.52 $0.00 $371.77 $66,436.03
141 $66,436.03 $312.52 $0.00 $375.64 $67,124.19
142 $67,124.19 $312.52 $0.00 $379.53 $67,816.24
143 $67,816.24 $312.52 $0.00 $383.44 $68,512.20
144 $68,512.20 $312.52 $0.00 $387.38 $69,212.10
145 $69,212.10 $312.52 $0.00 $391.34 $69,915.96
146 $69,915.96 $312.52 $0.00 $395.32 $70,623.80
147 $70,623.80 $312.52 $0.00 $399.32 $71,335.64
148 $71,335.64 $312.52 $0.00 $403.34 $72,051.50
149 $72,051.50 $312.52 $0.00 $407.39 $72,771.41
150 $72,771.41 $312.52 $0.00 $411.46 $73,495.39
151 $73,495.39 $312.52 $0.00 $415.55 $74,223.46
152 $74,223.46 $312.52 $0.00 $419.67 $74,955.65
153 $74,955.65 $312.52 $0.00 $423.81 $75,691.98
154 $75,691.98 $312.52 $0.00 $427.97 $76,432.47
155 $76,432.47 $312.52 $0.00 $432.16 $77,177.15
156 $77,177.15 $312.52 $0.00 $436.37 $77,926.04
157 $77,926.04 $312.52 $0.00 $440.61 $78,679.17
158 $78,679.17 $312.52 $0.00 $444.86 $79,436.55
159 $79,436.55 $312.52 $0.00 $449.15 $80,198.22
160 $80,198.22 $312.52 $0.00 $453.45 $80,964.19
161 $80,964.19 $312.52 $0.00 $457.78 $81,734.49
162 $81,734.49 $312.52 $0.00 $462.14 $82,509.15
163 $82,509.15 $312.52 $0.00 $466.52 $83,288.19
164 $83,288.19 $312.52 $0.00 $470.92 $84,071.63
165 $84,071.63 $312.52 $0.00 $475.35 $84,859.50
166 $84,859.50 $312.52 $0.00 $479.81 $85,651.83
167 $85,651.83 $312.52 $0.00 $484.29 $86,448.64
168 $86,448.64 $312.52 $0.00 $488.79 $87,249.95
169 $87,249.95 $312.52 $0.00 $493.32 $88,055.79
170 $88,055.79 $312.52 $0.00 $497.88 $88,866.19
171 $88,866.19 $312.52 $0.00 $502.46 $89,681.17
172 $89,681.17 $312.52 $0.00 $507.07 $90,500.76
173 $90,500.76 $312.52 $0.00 $511.70 $91,324.98
174 $91,324.98 $312.52 $0.00 $516.36 $92,153.86
175 $92,153.86 $312.52 $0.00 $521.05 $92,987.43
176 $92,987.43 $312.52 $0.00 $525.76 $93,825.71
177 $93,825.71 $312.52 $0.00 $530.50 $94,668.73
178 $94,668.73 $312.52 $0.00 $535.27 $95,516.52
179 $95,516.52 $312.52 $0.00 $540.06 $96,369.10
180 $96,369.10 $312.52 $0.00 $544.88 $97,226.50
181 $97,226.50 $312.52 $0.00 $549.73 $98,088.75
182 $98,088.75 $312.52 $0.00 $554.61 $98,955.88
183 $98,955.88 $312.52 $0.00 $559.51 $99,827.91
184 $99,827.91 $312.52 $0.00 $564.44 $100,704.87
185 $100,704.87 $312.52 $0.00 $569.40 $101,586.79
186 $101,586.79 $312.52 $0.00 $574.39 $102,473.70
187 $102,473.70 $312.52 $0.00 $579.40 $103,365.62
188 $103,365.62 $312.52 $0.00 $584.44 $104,262.58
189 $104,262.58 $312.52 $0.00 $589.52 $105,164.62
190 $105,164.62 $312.52 $0.00 $594.62 $106,071.76
191 $106,071.76 $312.52 $0.00 $599.75 $106,984.03
192 $106,984.03 $312.52 $0.00 $604.90 $107,901.45
193 $107,901.45 $312.52 $0.00 $610.09 $108,824.06
194 $108,824.06 $312.52 $0.00 $615.31 $109,751.89
195 $109,751.89 $312.52 $0.00 $620.55 $110,684.96
196 $110,684.96 $312.52 $0.00 $625.83 $111,623.31
197 $111,623.31 $312.52 $0.00 $631.13 $112,566.96
198 $112,566.96 $312.52 $0.00 $636.47 $113,515.95
199 $113,515.95 $312.52 $0.00 $641.84 $114,470.31
200 $114,470.31 $312.52 $0.00 $647.23 $115,430.06
201 $115,430.06 $312.52 $0.00 $652.66 $116,395.24
202 $116,395.24 $312.52 $0.00 $658.12 $117,365.88
203 $117,365.88 $312.52 $0.00 $663.60 $118,342.00
204 $118,342.00 $312.52 $0.00 $669.12 $119,323.64
205 $119,323.64 $312.52 $0.00 $674.67 $120,310.83
206 $120,310.83 $312.52 $0.00 $680.25 $121,303.60
207 $121,303.60 $312.52 $0.00 $685.87 $122,301.99
208 $122,301.99 $312.52 $0.00 $691.51 $123,306.02
209 $123,306.02 $312.52 $0.00 $697.19 $124,315.73
210 $124,315.73 $312.52 $0.00 $702.90 $125,331.15
211 $125,331.15 $312.52 $0.00 $708.64 $126,352.31
212 $126,352.31 $312.52 $0.00 $714.41 $127,379.24
213 $127,379.24 $312.52 $0.00 $720.22 $128,411.98
214 $128,411.98 $312.52 $0.00 $726.06 $129,450.56
215 $129,450.56 $312.52 $0.00 $731.93 $130,495.01
216 $130,495.01 $312.52 $0.00 $737.84 $131,545.37
217 $131,545.37 $312.52 $67,963.68 $743.78 $64,637.99
218 $64,637.99 $312.52 $0.00 $365.47 $65,315.98
219 $65,315.98 $312.52 $0.00 $369.31 $65,997.81
220 $65,997.81 $312.52 $0.00 $373.16 $66,683.49
221 $66,683.49 $312.52 $0.00 $377.04 $67,373.05
222 $67,373.05 $312.52 $0.00 $380.94 $68,066.51
223 $68,066.51 $312.52 $0.00 $384.86 $68,763.89
224 $68,763.89 $312.52 $0.00 $388.80 $69,465.21
225 $69,465.21 $312.52 $0.00 $392.77 $70,170.50
226 $70,170.50 $312.52 $0.00 $396.75 $70,879.77
227 $70,879.77 $312.52 $0.00 $400.76 $71,593.05
228 $71,593.05 $312.52 $0.00 $404.80 $72,310.37
229 $72,310.37 $0.00 $72,721.14 $408.85 -$1.92