Savings Plan and Future Cost Estimation for Clackamas Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$49,309
Monthly savings required$219

How much will it cost to send your child to Clackamas Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $98,617.12 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $219.15 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$19,989.00
Years until enrollment18
Annual Tuition Increase5%
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 $219.15 $0.00 $0.00 $219.15
2 $219.15 $219.15 $0.00 $1.24 $439.54
3 $439.54 $219.15 $0.00 $2.49 $661.18
4 $661.18 $219.15 $0.00 $3.74 $884.07
5 $884.07 $219.15 $0.00 $5.00 $1,108.22
6 $1,108.22 $219.15 $0.00 $6.27 $1,333.64
7 $1,333.64 $219.15 $0.00 $7.54 $1,560.33
8 $1,560.33 $219.15 $0.00 $8.82 $1,788.30
9 $1,788.30 $219.15 $0.00 $10.11 $2,017.56
10 $2,017.56 $219.15 $0.00 $11.41 $2,248.12
11 $2,248.12 $219.15 $0.00 $12.71 $2,479.98
12 $2,479.98 $219.15 $0.00 $14.02 $2,713.15
13 $2,713.15 $219.15 $0.00 $15.34 $2,947.64
14 $2,947.64 $219.15 $0.00 $16.67 $3,183.46
15 $3,183.46 $219.15 $0.00 $18.00 $3,420.61
16 $3,420.61 $219.15 $0.00 $19.34 $3,659.10
17 $3,659.10 $219.15 $0.00 $20.69 $3,898.94
18 $3,898.94 $219.15 $0.00 $22.05 $4,140.14
19 $4,140.14 $219.15 $0.00 $23.41 $4,382.70
20 $4,382.70 $219.15 $0.00 $24.78 $4,626.63
21 $4,626.63 $219.15 $0.00 $26.16 $4,871.94
22 $4,871.94 $219.15 $0.00 $27.55 $5,118.64
23 $5,118.64 $219.15 $0.00 $28.94 $5,366.73
24 $5,366.73 $219.15 $0.00 $30.34 $5,616.22
25 $5,616.22 $219.15 $0.00 $31.75 $5,867.12
26 $5,867.12 $219.15 $0.00 $33.17 $6,119.44
27 $6,119.44 $219.15 $0.00 $34.60 $6,373.19
28 $6,373.19 $219.15 $0.00 $36.03 $6,628.37
29 $6,628.37 $219.15 $0.00 $37.48 $6,885.00
30 $6,885.00 $219.15 $0.00 $38.93 $7,143.08
31 $7,143.08 $219.15 $0.00 $40.39 $7,402.62
32 $7,402.62 $219.15 $0.00 $41.86 $7,663.63
33 $7,663.63 $219.15 $0.00 $43.33 $7,926.11
34 $7,926.11 $219.15 $0.00 $44.82 $8,190.08
35 $8,190.08 $219.15 $0.00 $46.31 $8,455.54
36 $8,455.54 $219.15 $0.00 $47.81 $8,722.50
37 $8,722.50 $219.15 $0.00 $49.32 $8,990.97
38 $8,990.97 $219.15 $0.00 $50.84 $9,260.96
39 $9,260.96 $219.15 $0.00 $52.36 $9,532.47
40 $9,532.47 $219.15 $0.00 $53.90 $9,805.52
41 $9,805.52 $219.15 $0.00 $55.44 $10,080.11
42 $10,080.11 $219.15 $0.00 $56.99 $10,356.25
43 $10,356.25 $219.15 $0.00 $58.56 $10,633.96
44 $10,633.96 $219.15 $0.00 $60.13 $10,913.24
45 $10,913.24 $219.15 $0.00 $61.71 $11,194.10
46 $11,194.10 $219.15 $0.00 $63.29 $11,476.54
47 $11,476.54 $219.15 $0.00 $64.89 $11,760.58
48 $11,760.58 $219.15 $0.00 $66.50 $12,046.23
49 $12,046.23 $219.15 $0.00 $68.11 $12,333.49
50 $12,333.49 $219.15 $0.00 $69.74 $12,622.38
51 $12,622.38 $219.15 $0.00 $71.37 $12,912.90
52 $12,912.90 $219.15 $0.00 $73.01 $13,205.06
53 $13,205.06 $219.15 $0.00 $74.66 $13,498.87
54 $13,498.87 $219.15 $0.00 $76.32 $13,794.34
55 $13,794.34 $219.15 $0.00 $78.00 $14,091.49
56 $14,091.49 $219.15 $0.00 $79.68 $14,390.32
57 $14,390.32 $219.15 $0.00 $81.36 $14,690.83
58 $14,690.83 $219.15 $0.00 $83.06 $14,993.04
59 $14,993.04 $219.15 $0.00 $84.77 $15,296.96
60 $15,296.96 $219.15 $0.00 $86.49 $15,602.60
61 $15,602.60 $219.15 $0.00 $88.22 $15,909.97
62 $15,909.97 $219.15 $0.00 $89.96 $16,219.08
63 $16,219.08 $219.15 $0.00 $91.71 $16,529.94
64 $16,529.94 $219.15 $0.00 $93.46 $16,842.55
65 $16,842.55 $219.15 $0.00 $95.23 $17,156.93
66 $17,156.93 $219.15 $0.00 $97.01 $17,473.09
67 $17,473.09 $219.15 $0.00 $98.80 $17,791.04
68 $17,791.04 $219.15 $0.00 $100.59 $18,110.78
69 $18,110.78 $219.15 $0.00 $102.40 $18,432.33
70 $18,432.33 $219.15 $0.00 $104.22 $18,755.70
71 $18,755.70 $219.15 $0.00 $106.05 $19,080.90
72 $19,080.90 $219.15 $0.00 $107.89 $19,407.94
73 $19,407.94 $219.15 $0.00 $109.74 $19,736.83
74 $19,736.83 $219.15 $0.00 $111.59 $20,067.57
75 $20,067.57 $219.15 $0.00 $113.46 $20,400.18
76 $20,400.18 $219.15 $0.00 $115.35 $20,734.68
77 $20,734.68 $219.15 $0.00 $117.24 $21,071.07
78 $21,071.07 $219.15 $0.00 $119.14 $21,409.36
79 $21,409.36 $219.15 $0.00 $121.05 $21,749.56
80 $21,749.56 $219.15 $0.00 $122.98 $22,091.69
81 $22,091.69 $219.15 $0.00 $124.91 $22,435.75
82 $22,435.75 $219.15 $0.00 $126.85 $22,781.75
83 $22,781.75 $219.15 $0.00 $128.81 $23,129.71
84 $23,129.71 $219.15 $0.00 $130.78 $23,479.64
85 $23,479.64 $219.15 $0.00 $132.76 $23,831.55
86 $23,831.55 $219.15 $0.00 $134.75 $24,185.45
87 $24,185.45 $219.15 $0.00 $136.75 $24,541.35
88 $24,541.35 $219.15 $0.00 $138.76 $24,899.26
89 $24,899.26 $219.15 $0.00 $140.78 $25,259.19
90 $25,259.19 $219.15 $0.00 $142.82 $25,621.16
91 $25,621.16 $219.15 $0.00 $144.87 $25,985.18
92 $25,985.18 $219.15 $0.00 $146.92 $26,351.25
93 $26,351.25 $219.15 $0.00 $148.99 $26,719.39
94 $26,719.39 $219.15 $0.00 $151.08 $27,089.62
95 $27,089.62 $219.15 $0.00 $153.17 $27,461.94
96 $27,461.94 $219.15 $0.00 $155.27 $27,836.36
97 $27,836.36 $219.15 $0.00 $157.39 $28,212.90
98 $28,212.90 $219.15 $0.00 $159.52 $28,591.57
99 $28,591.57 $219.15 $0.00 $161.66 $28,972.38
100 $28,972.38 $219.15 $0.00 $163.81 $29,355.34
101 $29,355.34 $219.15 $0.00 $165.98 $29,740.47
102 $29,740.47 $219.15 $0.00 $168.16 $30,127.78
103 $30,127.78 $219.15 $0.00 $170.35 $30,517.28
104 $30,517.28 $219.15 $0.00 $172.55 $30,908.98
105 $30,908.98 $219.15 $0.00 $174.76 $31,302.89
106 $31,302.89 $219.15 $0.00 $176.99 $31,699.03
107 $31,699.03 $219.15 $0.00 $179.23 $32,097.41
108 $32,097.41 $219.15 $0.00 $181.48 $32,498.04
109 $32,498.04 $219.15 $0.00 $183.75 $32,900.94
110 $32,900.94 $219.15 $0.00 $186.03 $33,306.12
111 $33,306.12 $219.15 $0.00 $188.32 $33,713.59
112 $33,713.59 $219.15 $0.00 $190.62 $34,123.36
113 $34,123.36 $219.15 $0.00 $192.94 $34,535.45
114 $34,535.45 $219.15 $0.00 $195.27 $34,949.87
115 $34,949.87 $219.15 $0.00 $197.61 $35,366.63
116 $35,366.63 $219.15 $0.00 $199.97 $35,785.75
117 $35,785.75 $219.15 $0.00 $202.34 $36,207.24
118 $36,207.24 $219.15 $0.00 $204.72 $36,631.11
119 $36,631.11 $219.15 $0.00 $207.12 $37,057.38
120 $37,057.38 $219.15 $0.00 $209.53 $37,486.06
121 $37,486.06 $219.15 $0.00 $211.95 $37,917.16
122 $37,917.16 $219.15 $0.00 $214.39 $38,350.70
123 $38,350.70 $219.15 $0.00 $216.84 $38,786.69
124 $38,786.69 $219.15 $0.00 $219.31 $39,225.15
125 $39,225.15 $219.15 $0.00 $221.78 $39,666.08
126 $39,666.08 $219.15 $0.00 $224.28 $40,109.51
127 $40,109.51 $219.15 $0.00 $226.79 $40,555.45
128 $40,555.45 $219.15 $0.00 $229.31 $41,003.91
129 $41,003.91 $219.15 $0.00 $231.84 $41,454.90
130 $41,454.90 $219.15 $0.00 $234.39 $41,908.44
131 $41,908.44 $219.15 $0.00 $236.96 $42,364.55
132 $42,364.55 $219.15 $0.00 $239.54 $42,823.24
133 $42,823.24 $219.15 $0.00 $242.13 $43,284.52
134 $43,284.52 $219.15 $0.00 $244.74 $43,748.41
135 $43,748.41 $219.15 $0.00 $247.36 $44,214.92
136 $44,214.92 $219.15 $0.00 $250.00 $44,684.07
137 $44,684.07 $219.15 $0.00 $252.65 $45,155.87
138 $45,155.87 $219.15 $0.00 $255.32 $45,630.34
139 $45,630.34 $219.15 $0.00 $258.00 $46,107.49
140 $46,107.49 $219.15 $0.00 $260.70 $46,587.34
141 $46,587.34 $219.15 $0.00 $263.41 $47,069.90
142 $47,069.90 $219.15 $0.00 $266.14 $47,555.19
143 $47,555.19 $219.15 $0.00 $268.88 $48,043.22
144 $48,043.22 $219.15 $0.00 $271.64 $48,534.01
145 $48,534.01 $219.15 $0.00 $274.42 $49,027.58
146 $49,027.58 $219.15 $0.00 $277.21 $49,523.94
147 $49,523.94 $219.15 $0.00 $280.02 $50,023.11
148 $50,023.11 $219.15 $0.00 $282.84 $50,525.10
149 $50,525.10 $219.15 $0.00 $285.68 $51,029.93
150 $51,029.93 $219.15 $0.00 $288.53 $51,537.61
151 $51,537.61 $219.15 $0.00 $291.40 $52,048.16
152 $52,048.16 $219.15 $0.00 $294.29 $52,561.60
153 $52,561.60 $219.15 $0.00 $297.19 $53,077.94
154 $53,077.94 $219.15 $0.00 $300.11 $53,597.20
155 $53,597.20 $219.15 $0.00 $303.05 $54,119.40
156 $54,119.40 $219.15 $0.00 $306.00 $54,644.55
157 $54,644.55 $219.15 $0.00 $308.97 $55,172.67
158 $55,172.67 $219.15 $0.00 $311.95 $55,703.77
159 $55,703.77 $219.15 $0.00 $314.96 $56,237.88
160 $56,237.88 $219.15 $0.00 $317.98 $56,775.01
161 $56,775.01 $219.15 $0.00 $321.01 $57,315.17
162 $57,315.17 $219.15 $0.00 $324.07 $57,858.39
163 $57,858.39 $219.15 $0.00 $327.14 $58,404.68
164 $58,404.68 $219.15 $0.00 $330.23 $58,954.06
165 $58,954.06 $219.15 $0.00 $333.33 $59,506.54
166 $59,506.54 $219.15 $0.00 $336.46 $60,062.15
167 $60,062.15 $219.15 $0.00 $339.60 $60,620.90
168 $60,620.90 $219.15 $0.00 $342.76 $61,182.81
169 $61,182.81 $219.15 $0.00 $345.94 $61,747.90
170 $61,747.90 $219.15 $0.00 $349.13 $62,316.18
171 $62,316.18 $219.15 $0.00 $352.34 $62,887.67
172 $62,887.67 $219.15 $0.00 $355.58 $63,462.40
173 $63,462.40 $219.15 $0.00 $358.83 $64,040.38
174 $64,040.38 $219.15 $0.00 $362.09 $64,621.62
175 $64,621.62 $219.15 $0.00 $365.38 $65,206.15
176 $65,206.15 $219.15 $0.00 $368.69 $65,793.99
177 $65,793.99 $219.15 $0.00 $372.01 $66,385.15
178 $66,385.15 $219.15 $0.00 $375.35 $66,979.65
179 $66,979.65 $219.15 $0.00 $378.71 $67,577.51
180 $67,577.51 $219.15 $0.00 $382.09 $68,178.75
181 $68,178.75 $219.15 $0.00 $385.49 $68,783.39
182 $68,783.39 $219.15 $0.00 $388.91 $69,391.45
183 $69,391.45 $219.15 $0.00 $392.35 $70,002.95
184 $70,002.95 $219.15 $0.00 $395.81 $70,617.91
185 $70,617.91 $219.15 $0.00 $399.28 $71,236.34
186 $71,236.34 $219.15 $0.00 $402.78 $71,858.27
187 $71,858.27 $219.15 $0.00 $406.30 $72,483.72
188 $72,483.72 $219.15 $0.00 $409.83 $73,112.70
189 $73,112.70 $219.15 $0.00 $413.39 $73,745.24
190 $73,745.24 $219.15 $0.00 $416.97 $74,381.36
191 $74,381.36 $219.15 $0.00 $420.56 $75,021.07
192 $75,021.07 $219.15 $0.00 $424.18 $75,664.40
193 $75,664.40 $219.15 $0.00 $427.82 $76,311.37
194 $76,311.37 $219.15 $0.00 $431.48 $76,962.00
195 $76,962.00 $219.15 $0.00 $435.15 $77,616.30
196 $77,616.30 $219.15 $0.00 $438.85 $78,274.30
197 $78,274.30 $219.15 $0.00 $442.57 $78,936.02
198 $78,936.02 $219.15 $0.00 $446.32 $79,601.49
199 $79,601.49 $219.15 $0.00 $450.08 $80,270.72
200 $80,270.72 $219.15 $0.00 $453.86 $80,943.73
201 $80,943.73 $219.15 $0.00 $457.67 $81,620.55
202 $81,620.55 $219.15 $0.00 $461.49 $82,301.19
203 $82,301.19 $219.15 $0.00 $465.34 $82,985.68
204 $82,985.68 $219.15 $0.00 $469.21 $83,674.04
205 $83,674.04 $219.15 $0.00 $473.11 $84,366.30
206 $84,366.30 $219.15 $0.00 $477.02 $85,062.47
207 $85,062.47 $219.15 $0.00 $480.96 $85,762.58
208 $85,762.58 $219.15 $0.00 $484.91 $86,466.64
209 $86,466.64 $219.15 $0.00 $488.89 $87,174.68
210 $87,174.68 $219.15 $0.00 $492.90 $87,886.73
211 $87,886.73 $219.15 $0.00 $496.92 $88,602.80
212 $88,602.80 $219.15 $0.00 $500.97 $89,322.92
213 $89,322.92 $219.15 $0.00 $505.04 $90,047.11
214 $90,047.11 $219.15 $0.00 $509.14 $90,775.40
215 $90,775.40 $219.15 $0.00 $513.26 $91,507.81
216 $91,507.81 $219.15 $0.00 $517.40 $92,244.36
217 $92,244.36 $219.15 $48,105.91 $521.56 $44,879.16
218 $44,879.16 $219.15 $0.00 $253.75 $45,352.06
219 $45,352.06 $219.15 $0.00 $256.43 $45,827.64
220 $45,827.64 $219.15 $0.00 $259.12 $46,305.91
221 $46,305.91 $219.15 $0.00 $261.82 $46,786.88
222 $46,786.88 $219.15 $0.00 $264.54 $47,270.57
223 $47,270.57 $219.15 $0.00 $267.27 $47,756.99
224 $47,756.99 $219.15 $0.00 $270.02 $48,246.16
225 $48,246.16 $219.15 $0.00 $272.79 $48,738.10
226 $48,738.10 $219.15 $0.00 $275.57 $49,232.82
227 $49,232.82 $219.15 $0.00 $278.37 $49,730.34
228 $49,730.34 $219.15 $0.00 $281.18 $50,230.67
229 $50,230.67 $0.00 $50,511.21 $284.01 $3.47