Savings Plan and Future Cost Estimation for Fortis College Columbus

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$133,503
Monthly savings required$593

How much will it cost to send your child to Fortis College Columbus in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $267,005.90 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $593.14 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$38,163.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Fortis College Columbus in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $593.14 $0.00 $0.00 $593.14
2 $593.14 $593.14 $0.00 $3.35 $1,189.63
3 $1,189.63 $593.14 $0.00 $6.73 $1,789.50
4 $1,789.50 $593.14 $0.00 $10.12 $2,392.76
5 $2,392.76 $593.14 $0.00 $13.53 $2,999.43
6 $2,999.43 $593.14 $0.00 $16.96 $3,609.53
7 $3,609.53 $593.14 $0.00 $20.41 $4,223.08
8 $4,223.08 $593.14 $0.00 $23.88 $4,840.10
9 $4,840.10 $593.14 $0.00 $27.37 $5,460.61
10 $5,460.61 $593.14 $0.00 $30.88 $6,084.63
11 $6,084.63 $593.14 $0.00 $34.40 $6,712.17
12 $6,712.17 $593.14 $0.00 $37.95 $7,343.26
13 $7,343.26 $593.14 $0.00 $41.52 $7,977.92
14 $7,977.92 $593.14 $0.00 $45.11 $8,616.17
15 $8,616.17 $593.14 $0.00 $48.72 $9,258.03
16 $9,258.03 $593.14 $0.00 $52.35 $9,903.52
17 $9,903.52 $593.14 $0.00 $56.00 $10,552.66
18 $10,552.66 $593.14 $0.00 $59.67 $11,205.47
19 $11,205.47 $593.14 $0.00 $63.36 $11,861.97
20 $11,861.97 $593.14 $0.00 $67.07 $12,522.18
21 $12,522.18 $593.14 $0.00 $70.80 $13,186.12
22 $13,186.12 $593.14 $0.00 $74.56 $13,853.82
23 $13,853.82 $593.14 $0.00 $78.33 $14,525.29
24 $14,525.29 $593.14 $0.00 $82.13 $15,200.56
25 $15,200.56 $593.14 $0.00 $85.95 $15,879.65
26 $15,879.65 $593.14 $0.00 $89.79 $16,562.58
27 $16,562.58 $593.14 $0.00 $93.65 $17,249.37
28 $17,249.37 $593.14 $0.00 $97.53 $17,940.04
29 $17,940.04 $593.14 $0.00 $101.44 $18,634.62
30 $18,634.62 $593.14 $0.00 $105.36 $19,333.12
31 $19,333.12 $593.14 $0.00 $109.31 $20,035.57
32 $20,035.57 $593.14 $0.00 $113.28 $20,741.99
33 $20,741.99 $593.14 $0.00 $117.28 $21,452.41
34 $21,452.41 $593.14 $0.00 $121.30 $22,166.85
35 $22,166.85 $593.14 $0.00 $125.33 $22,885.32
36 $22,885.32 $593.14 $0.00 $129.40 $23,607.86
37 $23,607.86 $593.14 $0.00 $133.48 $24,334.48
38 $24,334.48 $593.14 $0.00 $137.59 $25,065.21
39 $25,065.21 $593.14 $0.00 $141.72 $25,800.07
40 $25,800.07 $593.14 $0.00 $145.88 $26,539.09
41 $26,539.09 $593.14 $0.00 $150.06 $27,282.29
42 $27,282.29 $593.14 $0.00 $154.26 $28,029.69
43 $28,029.69 $593.14 $0.00 $158.48 $28,781.31
44 $28,781.31 $593.14 $0.00 $162.73 $29,537.18
45 $29,537.18 $593.14 $0.00 $167.01 $30,297.33
46 $30,297.33 $593.14 $0.00 $171.31 $31,061.78
47 $31,061.78 $593.14 $0.00 $175.63 $31,830.55
48 $31,830.55 $593.14 $0.00 $179.97 $32,603.66
49 $32,603.66 $593.14 $0.00 $184.35 $33,381.15
50 $33,381.15 $593.14 $0.00 $188.74 $34,163.03
51 $34,163.03 $593.14 $0.00 $193.16 $34,949.33
52 $34,949.33 $593.14 $0.00 $197.61 $35,740.08
53 $35,740.08 $593.14 $0.00 $202.08 $36,535.30
54 $36,535.30 $593.14 $0.00 $206.58 $37,335.02
55 $37,335.02 $593.14 $0.00 $211.10 $38,139.26
56 $38,139.26 $593.14 $0.00 $215.64 $38,948.04
57 $38,948.04 $593.14 $0.00 $220.22 $39,761.40
58 $39,761.40 $593.14 $0.00 $224.82 $40,579.36
59 $40,579.36 $593.14 $0.00 $229.44 $41,401.94
60 $41,401.94 $593.14 $0.00 $234.09 $42,229.17
61 $42,229.17 $593.14 $0.00 $238.77 $43,061.08
62 $43,061.08 $593.14 $0.00 $243.47 $43,897.69
63 $43,897.69 $593.14 $0.00 $248.20 $44,739.03
64 $44,739.03 $593.14 $0.00 $252.96 $45,585.13
65 $45,585.13 $593.14 $0.00 $257.74 $46,436.01
66 $46,436.01 $593.14 $0.00 $262.56 $47,291.71
67 $47,291.71 $593.14 $0.00 $267.39 $48,152.24
68 $48,152.24 $593.14 $0.00 $272.26 $49,017.64
69 $49,017.64 $593.14 $0.00 $277.15 $49,887.93
70 $49,887.93 $593.14 $0.00 $282.07 $50,763.14
71 $50,763.14 $593.14 $0.00 $287.02 $51,643.30
72 $51,643.30 $593.14 $0.00 $292.00 $52,528.44
73 $52,528.44 $593.14 $0.00 $297.00 $53,418.58
74 $53,418.58 $593.14 $0.00 $302.04 $54,313.76
75 $54,313.76 $593.14 $0.00 $307.10 $55,214.00
76 $55,214.00 $593.14 $0.00 $312.19 $56,119.33
77 $56,119.33 $593.14 $0.00 $317.31 $57,029.78
78 $57,029.78 $593.14 $0.00 $322.45 $57,945.37
79 $57,945.37 $593.14 $0.00 $327.63 $58,866.14
80 $58,866.14 $593.14 $0.00 $332.84 $59,792.12
81 $59,792.12 $593.14 $0.00 $338.07 $60,723.33
82 $60,723.33 $593.14 $0.00 $343.34 $61,659.81
83 $61,659.81 $593.14 $0.00 $348.63 $62,601.58
84 $62,601.58 $593.14 $0.00 $353.96 $63,548.68
85 $63,548.68 $593.14 $0.00 $359.31 $64,501.13
86 $64,501.13 $593.14 $0.00 $364.70 $65,458.97
87 $65,458.97 $593.14 $0.00 $370.11 $66,422.22
88 $66,422.22 $593.14 $0.00 $375.56 $67,390.92
89 $67,390.92 $593.14 $0.00 $381.04 $68,365.10
90 $68,365.10 $593.14 $0.00 $386.55 $69,344.79
91 $69,344.79 $593.14 $0.00 $392.09 $70,330.02
92 $70,330.02 $593.14 $0.00 $397.66 $71,320.82
93 $71,320.82 $593.14 $0.00 $403.26 $72,317.22
94 $72,317.22 $593.14 $0.00 $408.89 $73,319.25
95 $73,319.25 $593.14 $0.00 $414.56 $74,326.95
96 $74,326.95 $593.14 $0.00 $420.26 $75,340.35
97 $75,340.35 $593.14 $0.00 $425.99 $76,359.48
98 $76,359.48 $593.14 $0.00 $431.75 $77,384.37
99 $77,384.37 $593.14 $0.00 $437.54 $78,415.05
100 $78,415.05 $593.14 $0.00 $443.37 $79,451.56
101 $79,451.56 $593.14 $0.00 $449.23 $80,493.93
102 $80,493.93 $593.14 $0.00 $455.12 $81,542.19
103 $81,542.19 $593.14 $0.00 $461.05 $82,596.38
104 $82,596.38 $593.14 $0.00 $467.01 $83,656.53
105 $83,656.53 $593.14 $0.00 $473.01 $84,722.68
106 $84,722.68 $593.14 $0.00 $479.03 $85,794.85
107 $85,794.85 $593.14 $0.00 $485.10 $86,873.09
108 $86,873.09 $593.14 $0.00 $491.19 $87,957.42
109 $87,957.42 $593.14 $0.00 $497.32 $89,047.88
110 $89,047.88 $593.14 $0.00 $503.49 $90,144.51
111 $90,144.51 $593.14 $0.00 $509.69 $91,247.34
112 $91,247.34 $593.14 $0.00 $515.93 $92,356.41
113 $92,356.41 $593.14 $0.00 $522.20 $93,471.75
114 $93,471.75 $593.14 $0.00 $528.50 $94,593.39
115 $94,593.39 $593.14 $0.00 $534.84 $95,721.37
116 $95,721.37 $593.14 $0.00 $541.22 $96,855.73
117 $96,855.73 $593.14 $0.00 $547.64 $97,996.51
118 $97,996.51 $593.14 $0.00 $554.09 $99,143.74
119 $99,143.74 $593.14 $0.00 $560.57 $100,297.45
120 $100,297.45 $593.14 $0.00 $567.10 $101,457.69
121 $101,457.69 $593.14 $0.00 $573.66 $102,624.49
122 $102,624.49 $593.14 $0.00 $580.25 $103,797.88
123 $103,797.88 $593.14 $0.00 $586.89 $104,977.91
124 $104,977.91 $593.14 $0.00 $593.56 $106,164.61
125 $106,164.61 $593.14 $0.00 $600.27 $107,358.02
126 $107,358.02 $593.14 $0.00 $607.02 $108,558.18
127 $108,558.18 $593.14 $0.00 $613.80 $109,765.12
128 $109,765.12 $593.14 $0.00 $620.63 $110,978.89
129 $110,978.89 $593.14 $0.00 $627.49 $112,199.52
130 $112,199.52 $593.14 $0.00 $634.39 $113,427.05
131 $113,427.05 $593.14 $0.00 $641.33 $114,661.52
132 $114,661.52 $593.14 $0.00 $648.31 $115,902.97
133 $115,902.97 $593.14 $0.00 $655.33 $117,151.44
134 $117,151.44 $593.14 $0.00 $662.39 $118,406.97
135 $118,406.97 $593.14 $0.00 $669.49 $119,669.60
136 $119,669.60 $593.14 $0.00 $676.63 $120,939.37
137 $120,939.37 $593.14 $0.00 $683.81 $122,216.32
138 $122,216.32 $593.14 $0.00 $691.03 $123,500.49
139 $123,500.49 $593.14 $0.00 $698.29 $124,791.92
140 $124,791.92 $593.14 $0.00 $705.59 $126,090.65
141 $126,090.65 $593.14 $0.00 $712.93 $127,396.72
142 $127,396.72 $593.14 $0.00 $720.32 $128,710.18
143 $128,710.18 $593.14 $0.00 $727.75 $130,031.07
144 $130,031.07 $593.14 $0.00 $735.21 $131,359.42
145 $131,359.42 $593.14 $0.00 $742.73 $132,695.29
146 $132,695.29 $593.14 $0.00 $750.28 $134,038.71
147 $134,038.71 $593.14 $0.00 $757.87 $135,389.72
148 $135,389.72 $593.14 $0.00 $765.51 $136,748.37
149 $136,748.37 $593.14 $0.00 $773.20 $138,114.71
150 $138,114.71 $593.14 $0.00 $780.92 $139,488.77
151 $139,488.77 $593.14 $0.00 $788.69 $140,870.60
152 $140,870.60 $593.14 $0.00 $796.50 $142,260.24
153 $142,260.24 $593.14 $0.00 $804.36 $143,657.74
154 $143,657.74 $593.14 $0.00 $812.26 $145,063.14
155 $145,063.14 $593.14 $0.00 $820.21 $146,476.49
156 $146,476.49 $593.14 $0.00 $828.20 $147,897.83
157 $147,897.83 $593.14 $0.00 $836.24 $149,327.21
158 $149,327.21 $593.14 $0.00 $844.32 $150,764.67
159 $150,764.67 $593.14 $0.00 $852.45 $152,210.26
160 $152,210.26 $593.14 $0.00 $860.62 $153,664.02
161 $153,664.02 $593.14 $0.00 $868.84 $155,126.00
162 $155,126.00 $593.14 $0.00 $877.10 $156,596.24
163 $156,596.24 $593.14 $0.00 $885.42 $158,074.80
164 $158,074.80 $593.14 $0.00 $893.78 $159,561.72
165 $159,561.72 $593.14 $0.00 $902.19 $161,057.05
166 $161,057.05 $593.14 $0.00 $910.64 $162,560.83
167 $162,560.83 $593.14 $0.00 $919.14 $164,073.11
168 $164,073.11 $593.14 $0.00 $927.69 $165,593.94
169 $165,593.94 $593.14 $0.00 $936.29 $167,123.37
170 $167,123.37 $593.14 $0.00 $944.94 $168,661.45
171 $168,661.45 $593.14 $0.00 $953.64 $170,208.23
172 $170,208.23 $593.14 $0.00 $962.38 $171,763.75
173 $171,763.75 $593.14 $0.00 $971.18 $173,328.07
174 $173,328.07 $593.14 $0.00 $980.02 $174,901.23
175 $174,901.23 $593.14 $0.00 $988.92 $176,483.29
176 $176,483.29 $593.14 $0.00 $997.86 $178,074.29
177 $178,074.29 $593.14 $0.00 $1,006.86 $179,674.29
178 $179,674.29 $593.14 $0.00 $1,015.90 $181,283.33
179 $181,283.33 $593.14 $0.00 $1,025.00 $182,901.47
180 $182,901.47 $593.14 $0.00 $1,034.15 $184,528.76
181 $184,528.76 $593.14 $0.00 $1,043.35 $186,165.25
182 $186,165.25 $593.14 $0.00 $1,052.61 $187,811.00
183 $187,811.00 $593.14 $0.00 $1,061.91 $189,466.05
184 $189,466.05 $593.14 $0.00 $1,071.27 $191,130.46
185 $191,130.46 $593.14 $0.00 $1,080.68 $192,804.28
186 $192,804.28 $593.14 $0.00 $1,090.14 $194,487.56
187 $194,487.56 $593.14 $0.00 $1,099.66 $196,180.36
188 $196,180.36 $593.14 $0.00 $1,109.23 $197,882.73
189 $197,882.73 $593.14 $0.00 $1,118.86 $199,594.73
190 $199,594.73 $593.14 $0.00 $1,128.54 $201,316.41
191 $201,316.41 $593.14 $0.00 $1,138.27 $203,047.82
192 $203,047.82 $593.14 $0.00 $1,148.06 $204,789.02
193 $204,789.02 $593.14 $0.00 $1,157.91 $206,540.07
194 $206,540.07 $593.14 $0.00 $1,167.81 $208,301.02
195 $208,301.02 $593.14 $0.00 $1,177.76 $210,071.92
196 $210,071.92 $593.14 $0.00 $1,187.78 $211,852.84
197 $211,852.84 $593.14 $0.00 $1,197.85 $213,643.83
198 $213,643.83 $593.14 $0.00 $1,207.97 $215,444.94
199 $215,444.94 $593.14 $0.00 $1,218.16 $217,256.24
200 $217,256.24 $593.14 $0.00 $1,228.40 $219,077.78
201 $219,077.78 $593.14 $0.00 $1,238.70 $220,909.62
202 $220,909.62 $593.14 $0.00 $1,249.06 $222,751.82
203 $222,751.82 $593.14 $0.00 $1,259.47 $224,604.43
204 $224,604.43 $593.14 $0.00 $1,269.95 $226,467.52
205 $226,467.52 $593.14 $0.00 $1,280.48 $228,341.14
206 $228,341.14 $593.14 $0.00 $1,291.07 $230,225.35
207 $230,225.35 $593.14 $0.00 $1,301.73 $232,120.22
208 $232,120.22 $593.14 $0.00 $1,312.44 $234,025.80
209 $234,025.80 $593.14 $0.00 $1,323.22 $235,942.16
210 $235,942.16 $593.14 $0.00 $1,334.05 $237,869.35
211 $237,869.35 $593.14 $0.00 $1,344.95 $239,807.44
212 $239,807.44 $593.14 $0.00 $1,355.91 $241,756.49
213 $241,756.49 $593.14 $0.00 $1,366.93 $243,716.56
214 $243,716.56 $593.14 $0.00 $1,378.01 $245,687.71
215 $245,687.71 $593.14 $0.00 $1,389.15 $247,670.00
216 $247,670.00 $593.14 $0.00 $1,400.36 $249,663.50
217 $249,663.50 $593.14 $128,988.36 $1,411.63 $122,679.91
218 $122,679.91 $593.14 $0.00 $693.65 $123,966.70
219 $123,966.70 $593.14 $0.00 $700.93 $125,260.77
220 $125,260.77 $593.14 $0.00 $708.24 $126,562.15
221 $126,562.15 $593.14 $0.00 $715.60 $127,870.89
222 $127,870.89 $593.14 $0.00 $723.00 $129,187.03
223 $129,187.03 $593.14 $0.00 $730.44 $130,510.61
224 $130,510.61 $593.14 $0.00 $737.93 $131,841.68
225 $131,841.68 $593.14 $0.00 $745.45 $133,180.27
226 $133,180.27 $593.14 $0.00 $753.02 $134,526.43
227 $134,526.43 $593.14 $0.00 $760.63 $135,880.20
228 $135,880.20 $593.14 $0.00 $768.29 $137,241.63
229 $137,241.63 $0.00 $138,017.54 $775.98 $0.07