Savings Plan and Future Cost Estimation for Wilkes 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$51,697
Monthly savings required$230

How much will it cost to send your child to Wilkes Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $103,393.68 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $229.68 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$14,778.00
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 $229.68 $0.00 $0.00 $229.68
2 $229.68 $229.68 $0.00 $1.30 $460.66
3 $460.66 $229.68 $0.00 $2.60 $692.94
4 $692.94 $229.68 $0.00 $3.92 $926.54
5 $926.54 $229.68 $0.00 $5.24 $1,161.46
6 $1,161.46 $229.68 $0.00 $6.57 $1,397.71
7 $1,397.71 $229.68 $0.00 $7.90 $1,635.29
8 $1,635.29 $229.68 $0.00 $9.25 $1,874.22
9 $1,874.22 $229.68 $0.00 $10.60 $2,114.50
10 $2,114.50 $229.68 $0.00 $11.96 $2,356.14
11 $2,356.14 $229.68 $0.00 $13.32 $2,599.14
12 $2,599.14 $229.68 $0.00 $14.70 $2,843.52
13 $2,843.52 $229.68 $0.00 $16.08 $3,089.28
14 $3,089.28 $229.68 $0.00 $17.47 $3,336.43
15 $3,336.43 $229.68 $0.00 $18.86 $3,584.97
16 $3,584.97 $229.68 $0.00 $20.27 $3,834.92
17 $3,834.92 $229.68 $0.00 $21.68 $4,086.28
18 $4,086.28 $229.68 $0.00 $23.10 $4,339.06
19 $4,339.06 $229.68 $0.00 $24.53 $4,593.27
20 $4,593.27 $229.68 $0.00 $25.97 $4,848.92
21 $4,848.92 $229.68 $0.00 $27.42 $5,106.02
22 $5,106.02 $229.68 $0.00 $28.87 $5,364.57
23 $5,364.57 $229.68 $0.00 $30.33 $5,624.58
24 $5,624.58 $229.68 $0.00 $31.80 $5,886.06
25 $5,886.06 $229.68 $0.00 $33.28 $6,149.02
26 $6,149.02 $229.68 $0.00 $34.77 $6,413.47
27 $6,413.47 $229.68 $0.00 $36.26 $6,679.41
28 $6,679.41 $229.68 $0.00 $37.77 $6,946.86
29 $6,946.86 $229.68 $0.00 $39.28 $7,215.82
30 $7,215.82 $229.68 $0.00 $40.80 $7,486.30
31 $7,486.30 $229.68 $0.00 $42.33 $7,758.31
32 $7,758.31 $229.68 $0.00 $43.87 $8,031.86
33 $8,031.86 $229.68 $0.00 $45.41 $8,306.95
34 $8,306.95 $229.68 $0.00 $46.97 $8,583.60
35 $8,583.60 $229.68 $0.00 $48.53 $8,861.81
36 $8,861.81 $229.68 $0.00 $50.11 $9,141.60
37 $9,141.60 $229.68 $0.00 $51.69 $9,422.97
38 $9,422.97 $229.68 $0.00 $53.28 $9,705.93
39 $9,705.93 $229.68 $0.00 $54.88 $9,990.49
40 $9,990.49 $229.68 $0.00 $56.49 $10,276.66
41 $10,276.66 $229.68 $0.00 $58.11 $10,564.45
42 $10,564.45 $229.68 $0.00 $59.73 $10,853.86
43 $10,853.86 $229.68 $0.00 $61.37 $11,144.91
44 $11,144.91 $229.68 $0.00 $63.01 $11,437.60
45 $11,437.60 $229.68 $0.00 $64.67 $11,731.95
46 $11,731.95 $229.68 $0.00 $66.33 $12,027.96
47 $12,027.96 $229.68 $0.00 $68.01 $12,325.65
48 $12,325.65 $229.68 $0.00 $69.69 $12,625.02
49 $12,625.02 $229.68 $0.00 $71.38 $12,926.08
50 $12,926.08 $229.68 $0.00 $73.09 $13,228.85
51 $13,228.85 $229.68 $0.00 $74.80 $13,533.33
52 $13,533.33 $229.68 $0.00 $76.52 $13,839.53
53 $13,839.53 $229.68 $0.00 $78.25 $14,147.46
54 $14,147.46 $229.68 $0.00 $79.99 $14,457.13
55 $14,457.13 $229.68 $0.00 $81.74 $14,768.55
56 $14,768.55 $229.68 $0.00 $83.50 $15,081.73
57 $15,081.73 $229.68 $0.00 $85.27 $15,396.68
58 $15,396.68 $229.68 $0.00 $87.06 $15,713.42
59 $15,713.42 $229.68 $0.00 $88.85 $16,031.95
60 $16,031.95 $229.68 $0.00 $90.65 $16,352.28
61 $16,352.28 $229.68 $0.00 $92.46 $16,674.42
62 $16,674.42 $229.68 $0.00 $94.28 $16,998.38
63 $16,998.38 $229.68 $0.00 $96.11 $17,324.17
64 $17,324.17 $229.68 $0.00 $97.95 $17,651.80
65 $17,651.80 $229.68 $0.00 $99.81 $17,981.29
66 $17,981.29 $229.68 $0.00 $101.67 $18,312.64
67 $18,312.64 $229.68 $0.00 $103.54 $18,645.86
68 $18,645.86 $229.68 $0.00 $105.43 $18,980.97
69 $18,980.97 $229.68 $0.00 $107.32 $19,317.97
70 $19,317.97 $229.68 $0.00 $109.23 $19,656.88
71 $19,656.88 $229.68 $0.00 $111.14 $19,997.70
72 $19,997.70 $229.68 $0.00 $113.07 $20,340.45
73 $20,340.45 $229.68 $0.00 $115.01 $20,685.14
74 $20,685.14 $229.68 $0.00 $116.96 $21,031.78
75 $21,031.78 $229.68 $0.00 $118.92 $21,380.38
76 $21,380.38 $229.68 $0.00 $120.89 $21,730.95
77 $21,730.95 $229.68 $0.00 $122.87 $22,083.50
78 $22,083.50 $229.68 $0.00 $124.86 $22,438.04
79 $22,438.04 $229.68 $0.00 $126.87 $22,794.59
80 $22,794.59 $229.68 $0.00 $128.88 $23,153.15
81 $23,153.15 $229.68 $0.00 $130.91 $23,513.74
82 $23,513.74 $229.68 $0.00 $132.95 $23,876.37
83 $23,876.37 $229.68 $0.00 $135.00 $24,241.05
84 $24,241.05 $229.68 $0.00 $137.06 $24,607.79
85 $24,607.79 $229.68 $0.00 $139.14 $24,976.61
86 $24,976.61 $229.68 $0.00 $141.22 $25,347.51
87 $25,347.51 $229.68 $0.00 $143.32 $25,720.51
88 $25,720.51 $229.68 $0.00 $145.43 $26,095.62
89 $26,095.62 $229.68 $0.00 $147.55 $26,472.85
90 $26,472.85 $229.68 $0.00 $149.68 $26,852.21
91 $26,852.21 $229.68 $0.00 $151.83 $27,233.72
92 $27,233.72 $229.68 $0.00 $153.98 $27,617.38
93 $27,617.38 $229.68 $0.00 $156.15 $28,003.21
94 $28,003.21 $229.68 $0.00 $158.33 $28,391.22
95 $28,391.22 $229.68 $0.00 $160.53 $28,781.43
96 $28,781.43 $229.68 $0.00 $162.73 $29,173.84
97 $29,173.84 $229.68 $0.00 $164.95 $29,568.47
98 $29,568.47 $229.68 $0.00 $167.18 $29,965.33
99 $29,965.33 $229.68 $0.00 $169.43 $30,364.44
100 $30,364.44 $229.68 $0.00 $171.68 $30,765.80
101 $30,765.80 $229.68 $0.00 $173.95 $31,169.43
102 $31,169.43 $229.68 $0.00 $176.24 $31,575.35
103 $31,575.35 $229.68 $0.00 $178.53 $31,983.56
104 $31,983.56 $229.68 $0.00 $180.84 $32,394.08
105 $32,394.08 $229.68 $0.00 $183.16 $32,806.92
106 $32,806.92 $229.68 $0.00 $185.50 $33,222.10
107 $33,222.10 $229.68 $0.00 $187.84 $33,639.62
108 $33,639.62 $229.68 $0.00 $190.20 $34,059.50
109 $34,059.50 $229.68 $0.00 $192.58 $34,481.76
110 $34,481.76 $229.68 $0.00 $194.96 $34,906.40
111 $34,906.40 $229.68 $0.00 $197.37 $35,333.45
112 $35,333.45 $229.68 $0.00 $199.78 $35,762.91
113 $35,762.91 $229.68 $0.00 $202.21 $36,194.80
114 $36,194.80 $229.68 $0.00 $204.65 $36,629.13
115 $36,629.13 $229.68 $0.00 $207.11 $37,065.92
116 $37,065.92 $229.68 $0.00 $209.58 $37,505.18
117 $37,505.18 $229.68 $0.00 $212.06 $37,946.92
118 $37,946.92 $229.68 $0.00 $214.56 $38,391.16
119 $38,391.16 $229.68 $0.00 $217.07 $38,837.91
120 $38,837.91 $229.68 $0.00 $219.60 $39,287.19
121 $39,287.19 $229.68 $0.00 $222.14 $39,739.01
122 $39,739.01 $229.68 $0.00 $224.69 $40,193.38
123 $40,193.38 $229.68 $0.00 $227.26 $40,650.32
124 $40,650.32 $229.68 $0.00 $229.84 $41,109.84
125 $41,109.84 $229.68 $0.00 $232.44 $41,571.96
126 $41,571.96 $229.68 $0.00 $235.05 $42,036.69
127 $42,036.69 $229.68 $0.00 $237.68 $42,504.05
128 $42,504.05 $229.68 $0.00 $240.32 $42,974.05
129 $42,974.05 $229.68 $0.00 $242.98 $43,446.71
130 $43,446.71 $229.68 $0.00 $245.65 $43,922.04
131 $43,922.04 $229.68 $0.00 $248.34 $44,400.06
132 $44,400.06 $229.68 $0.00 $251.04 $44,880.78
133 $44,880.78 $229.68 $0.00 $253.76 $45,364.22
134 $45,364.22 $229.68 $0.00 $256.50 $45,850.40
135 $45,850.40 $229.68 $0.00 $259.24 $46,339.32
136 $46,339.32 $229.68 $0.00 $262.01 $46,831.01
137 $46,831.01 $229.68 $0.00 $264.79 $47,325.48
138 $47,325.48 $229.68 $0.00 $267.59 $47,822.75
139 $47,822.75 $229.68 $0.00 $270.40 $48,322.83
140 $48,322.83 $229.68 $0.00 $273.22 $48,825.73
141 $48,825.73 $229.68 $0.00 $276.07 $49,331.48
142 $49,331.48 $229.68 $0.00 $278.93 $49,840.09
143 $49,840.09 $229.68 $0.00 $281.80 $50,351.57
144 $50,351.57 $229.68 $0.00 $284.70 $50,865.95
145 $50,865.95 $229.68 $0.00 $287.60 $51,383.23
146 $51,383.23 $229.68 $0.00 $290.53 $51,903.44
147 $51,903.44 $229.68 $0.00 $293.47 $52,426.59
148 $52,426.59 $229.68 $0.00 $296.43 $52,952.70
149 $52,952.70 $229.68 $0.00 $299.40 $53,481.78
150 $53,481.78 $229.68 $0.00 $302.39 $54,013.85
151 $54,013.85 $229.68 $0.00 $305.40 $54,548.93
152 $54,548.93 $229.68 $0.00 $308.43 $55,087.04
153 $55,087.04 $229.68 $0.00 $311.47 $55,628.19
154 $55,628.19 $229.68 $0.00 $314.53 $56,172.40
155 $56,172.40 $229.68 $0.00 $317.61 $56,719.69
156 $56,719.69 $229.68 $0.00 $320.70 $57,270.07
157 $57,270.07 $229.68 $0.00 $323.81 $57,823.56
158 $57,823.56 $229.68 $0.00 $326.94 $58,380.18
159 $58,380.18 $229.68 $0.00 $330.09 $58,939.95
160 $58,939.95 $229.68 $0.00 $333.26 $59,502.89
161 $59,502.89 $229.68 $0.00 $336.44 $60,069.01
162 $60,069.01 $229.68 $0.00 $339.64 $60,638.33
163 $60,638.33 $229.68 $0.00 $342.86 $61,210.87
164 $61,210.87 $229.68 $0.00 $346.10 $61,786.65
165 $61,786.65 $229.68 $0.00 $349.35 $62,365.68
166 $62,365.68 $229.68 $0.00 $352.62 $62,947.98
167 $62,947.98 $229.68 $0.00 $355.92 $63,533.58
168 $63,533.58 $229.68 $0.00 $359.23 $64,122.49
169 $64,122.49 $229.68 $0.00 $362.56 $64,714.73
170 $64,714.73 $229.68 $0.00 $365.91 $65,310.32
171 $65,310.32 $229.68 $0.00 $369.27 $65,909.27
172 $65,909.27 $229.68 $0.00 $372.66 $66,511.61
173 $66,511.61 $229.68 $0.00 $376.07 $67,117.36
174 $67,117.36 $229.68 $0.00 $379.49 $67,726.53
175 $67,726.53 $229.68 $0.00 $382.94 $68,339.15
176 $68,339.15 $229.68 $0.00 $386.40 $68,955.23
177 $68,955.23 $229.68 $0.00 $389.88 $69,574.79
178 $69,574.79 $229.68 $0.00 $393.39 $70,197.86
179 $70,197.86 $229.68 $0.00 $396.91 $70,824.45
180 $70,824.45 $229.68 $0.00 $400.45 $71,454.58
181 $71,454.58 $229.68 $0.00 $404.01 $72,088.27
182 $72,088.27 $229.68 $0.00 $407.60 $72,725.55
183 $72,725.55 $229.68 $0.00 $411.20 $73,366.43
184 $73,366.43 $229.68 $0.00 $414.82 $74,010.93
185 $74,010.93 $229.68 $0.00 $418.47 $74,659.08
186 $74,659.08 $229.68 $0.00 $422.13 $75,310.89
187 $75,310.89 $229.68 $0.00 $425.82 $75,966.39
188 $75,966.39 $229.68 $0.00 $429.53 $76,625.60
189 $76,625.60 $229.68 $0.00 $433.25 $77,288.53
190 $77,288.53 $229.68 $0.00 $437.00 $77,955.21
191 $77,955.21 $229.68 $0.00 $440.77 $78,625.66
192 $78,625.66 $229.68 $0.00 $444.56 $79,299.90
193 $79,299.90 $229.68 $0.00 $448.37 $79,977.95
194 $79,977.95 $229.68 $0.00 $452.21 $80,659.84
195 $80,659.84 $229.68 $0.00 $456.06 $81,345.58
196 $81,345.58 $229.68 $0.00 $459.94 $82,035.20
197 $82,035.20 $229.68 $0.00 $463.84 $82,728.72
198 $82,728.72 $229.68 $0.00 $467.76 $83,426.16
199 $83,426.16 $229.68 $0.00 $471.70 $84,127.54
200 $84,127.54 $229.68 $0.00 $475.67 $84,832.89
201 $84,832.89 $229.68 $0.00 $479.66 $85,542.23
202 $85,542.23 $229.68 $0.00 $483.67 $86,255.58
203 $86,255.58 $229.68 $0.00 $487.70 $86,972.96
204 $86,972.96 $229.68 $0.00 $491.76 $87,694.40
205 $87,694.40 $229.68 $0.00 $495.84 $88,419.92
206 $88,419.92 $229.68 $0.00 $499.94 $89,149.54
207 $89,149.54 $229.68 $0.00 $504.06 $89,883.28
208 $89,883.28 $229.68 $0.00 $508.21 $90,621.17
209 $90,621.17 $229.68 $0.00 $512.39 $91,363.24
210 $91,363.24 $229.68 $0.00 $516.58 $92,109.50
211 $92,109.50 $229.68 $0.00 $520.80 $92,859.98
212 $92,859.98 $229.68 $0.00 $525.04 $93,614.70
213 $93,614.70 $229.68 $0.00 $529.31 $94,373.69
214 $94,373.69 $229.68 $0.00 $533.60 $95,136.97
215 $95,136.97 $229.68 $0.00 $537.92 $95,904.57
216 $95,904.57 $229.68 $0.00 $542.26 $96,676.51
217 $96,676.51 $229.68 $49,948.64 $546.62 $47,504.17
218 $47,504.17 $229.68 $0.00 $268.60 $48,002.45
219 $48,002.45 $229.68 $0.00 $271.41 $48,503.54
220 $48,503.54 $229.68 $0.00 $274.25 $49,007.47
221 $49,007.47 $229.68 $0.00 $277.10 $49,514.25
222 $49,514.25 $229.68 $0.00 $279.96 $50,023.89
223 $50,023.89 $229.68 $0.00 $282.84 $50,536.41
224 $50,536.41 $229.68 $0.00 $285.74 $51,051.83
225 $51,051.83 $229.68 $0.00 $288.65 $51,570.16
226 $51,570.16 $229.68 $0.00 $291.59 $52,091.43
227 $52,091.43 $229.68 $0.00 $294.53 $52,615.64
228 $52,615.64 $229.68 $0.00 $297.50 $53,142.82
229 $53,142.82 $0.00 $53,445.04 $300.48 -$1.74