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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$53,477
Monthly savings required$238

How much will it cost to send your child to Portland Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $106,954.85 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $237.66 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$21,679.00
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 $237.66 $0.00 $0.00 $237.66
2 $237.66 $237.66 $0.00 $1.34 $476.66
3 $476.66 $237.66 $0.00 $2.70 $717.02
4 $717.02 $237.66 $0.00 $4.05 $958.73
5 $958.73 $237.66 $0.00 $5.42 $1,201.81
6 $1,201.81 $237.66 $0.00 $6.80 $1,446.27
7 $1,446.27 $237.66 $0.00 $8.18 $1,692.11
8 $1,692.11 $237.66 $0.00 $9.57 $1,939.34
9 $1,939.34 $237.66 $0.00 $10.97 $2,187.97
10 $2,187.97 $237.66 $0.00 $12.37 $2,438.00
11 $2,438.00 $237.66 $0.00 $13.78 $2,689.44
12 $2,689.44 $237.66 $0.00 $15.21 $2,942.31
13 $2,942.31 $237.66 $0.00 $16.64 $3,196.61
14 $3,196.61 $237.66 $0.00 $18.07 $3,452.34
15 $3,452.34 $237.66 $0.00 $19.52 $3,709.52
16 $3,709.52 $237.66 $0.00 $20.97 $3,968.15
17 $3,968.15 $237.66 $0.00 $22.44 $4,228.25
18 $4,228.25 $237.66 $0.00 $23.91 $4,489.82
19 $4,489.82 $237.66 $0.00 $25.39 $4,752.87
20 $4,752.87 $237.66 $0.00 $26.87 $5,017.40
21 $5,017.40 $237.66 $0.00 $28.37 $5,283.43
22 $5,283.43 $237.66 $0.00 $29.87 $5,550.96
23 $5,550.96 $237.66 $0.00 $31.39 $5,820.01
24 $5,820.01 $237.66 $0.00 $32.91 $6,090.58
25 $6,090.58 $237.66 $0.00 $34.44 $6,362.68
26 $6,362.68 $237.66 $0.00 $35.98 $6,636.32
27 $6,636.32 $237.66 $0.00 $37.52 $6,911.50
28 $6,911.50 $237.66 $0.00 $39.08 $7,188.24
29 $7,188.24 $237.66 $0.00 $40.64 $7,466.54
30 $7,466.54 $237.66 $0.00 $42.22 $7,746.42
31 $7,746.42 $237.66 $0.00 $43.80 $8,027.88
32 $8,027.88 $237.66 $0.00 $45.39 $8,310.93
33 $8,310.93 $237.66 $0.00 $46.99 $8,595.58
34 $8,595.58 $237.66 $0.00 $48.60 $8,881.84
35 $8,881.84 $237.66 $0.00 $50.22 $9,169.72
36 $9,169.72 $237.66 $0.00 $51.85 $9,459.23
37 $9,459.23 $237.66 $0.00 $53.48 $9,750.37
38 $9,750.37 $237.66 $0.00 $55.13 $10,043.16
39 $10,043.16 $237.66 $0.00 $56.79 $10,337.61
40 $10,337.61 $237.66 $0.00 $58.45 $10,633.72
41 $10,633.72 $237.66 $0.00 $60.12 $10,931.50
42 $10,931.50 $237.66 $0.00 $61.81 $11,230.97
43 $11,230.97 $237.66 $0.00 $63.50 $11,532.13
44 $11,532.13 $237.66 $0.00 $65.20 $11,834.99
45 $11,834.99 $237.66 $0.00 $66.92 $12,139.57
46 $12,139.57 $237.66 $0.00 $68.64 $12,445.87
47 $12,445.87 $237.66 $0.00 $70.37 $12,753.90
48 $12,753.90 $237.66 $0.00 $72.11 $13,063.67
49 $13,063.67 $237.66 $0.00 $73.86 $13,375.19
50 $13,375.19 $237.66 $0.00 $75.63 $13,688.48
51 $13,688.48 $237.66 $0.00 $77.40 $14,003.54
52 $14,003.54 $237.66 $0.00 $79.18 $14,320.38
53 $14,320.38 $237.66 $0.00 $80.97 $14,639.01
54 $14,639.01 $237.66 $0.00 $82.77 $14,959.44
55 $14,959.44 $237.66 $0.00 $84.58 $15,281.68
56 $15,281.68 $237.66 $0.00 $86.40 $15,605.74
57 $15,605.74 $237.66 $0.00 $88.24 $15,931.64
58 $15,931.64 $237.66 $0.00 $90.08 $16,259.38
59 $16,259.38 $237.66 $0.00 $91.93 $16,588.97
60 $16,588.97 $237.66 $0.00 $93.80 $16,920.43
61 $16,920.43 $237.66 $0.00 $95.67 $17,253.76
62 $17,253.76 $237.66 $0.00 $97.56 $17,588.98
63 $17,588.98 $237.66 $0.00 $99.45 $17,926.09
64 $17,926.09 $237.66 $0.00 $101.36 $18,265.11
65 $18,265.11 $237.66 $0.00 $103.27 $18,606.04
66 $18,606.04 $237.66 $0.00 $105.20 $18,948.90
67 $18,948.90 $237.66 $0.00 $107.14 $19,293.70
68 $19,293.70 $237.66 $0.00 $109.09 $19,640.45
69 $19,640.45 $237.66 $0.00 $111.05 $19,989.16
70 $19,989.16 $237.66 $0.00 $113.02 $20,339.84
71 $20,339.84 $237.66 $0.00 $115.00 $20,692.50
72 $20,692.50 $237.66 $0.00 $117.00 $21,047.16
73 $21,047.16 $237.66 $0.00 $119.00 $21,403.82
74 $21,403.82 $237.66 $0.00 $121.02 $21,762.50
75 $21,762.50 $237.66 $0.00 $123.05 $22,123.21
76 $22,123.21 $237.66 $0.00 $125.09 $22,485.96
77 $22,485.96 $237.66 $0.00 $127.14 $22,850.76
78 $22,850.76 $237.66 $0.00 $129.20 $23,217.62
79 $23,217.62 $237.66 $0.00 $131.28 $23,586.56
80 $23,586.56 $237.66 $0.00 $133.36 $23,957.58
81 $23,957.58 $237.66 $0.00 $135.46 $24,330.70
82 $24,330.70 $237.66 $0.00 $137.57 $24,705.93
83 $24,705.93 $237.66 $0.00 $139.69 $25,083.28
84 $25,083.28 $237.66 $0.00 $141.82 $25,462.76
85 $25,462.76 $237.66 $0.00 $143.97 $25,844.39
86 $25,844.39 $237.66 $0.00 $146.13 $26,228.18
87 $26,228.18 $237.66 $0.00 $148.30 $26,614.14
88 $26,614.14 $237.66 $0.00 $150.48 $27,002.28
89 $27,002.28 $237.66 $0.00 $152.67 $27,392.61
90 $27,392.61 $237.66 $0.00 $154.88 $27,785.15
91 $27,785.15 $237.66 $0.00 $157.10 $28,179.91
92 $28,179.91 $237.66 $0.00 $159.33 $28,576.90
93 $28,576.90 $237.66 $0.00 $161.58 $28,976.14
94 $28,976.14 $237.66 $0.00 $163.84 $29,377.64
95 $29,377.64 $237.66 $0.00 $166.11 $29,781.41
96 $29,781.41 $237.66 $0.00 $168.39 $30,187.46
97 $30,187.46 $237.66 $0.00 $170.68 $30,595.80
98 $30,595.80 $237.66 $0.00 $172.99 $31,006.45
99 $31,006.45 $237.66 $0.00 $175.31 $31,419.42
100 $31,419.42 $237.66 $0.00 $177.65 $31,834.73
101 $31,834.73 $237.66 $0.00 $180.00 $32,252.39
102 $32,252.39 $237.66 $0.00 $182.36 $32,672.41
103 $32,672.41 $237.66 $0.00 $184.73 $33,094.80
104 $33,094.80 $237.66 $0.00 $187.12 $33,519.58
105 $33,519.58 $237.66 $0.00 $189.52 $33,946.76
106 $33,946.76 $237.66 $0.00 $191.94 $34,376.36
107 $34,376.36 $237.66 $0.00 $194.37 $34,808.39
108 $34,808.39 $237.66 $0.00 $196.81 $35,242.86
109 $35,242.86 $237.66 $0.00 $199.27 $35,679.79
110 $35,679.79 $237.66 $0.00 $201.74 $36,119.19
111 $36,119.19 $237.66 $0.00 $204.22 $36,561.07
112 $36,561.07 $237.66 $0.00 $206.72 $37,005.45
113 $37,005.45 $237.66 $0.00 $209.23 $37,452.34
114 $37,452.34 $237.66 $0.00 $211.76 $37,901.76
115 $37,901.76 $237.66 $0.00 $214.30 $38,353.72
116 $38,353.72 $237.66 $0.00 $216.86 $38,808.24
117 $38,808.24 $237.66 $0.00 $219.43 $39,265.33
118 $39,265.33 $237.66 $0.00 $222.01 $39,725.00
119 $39,725.00 $237.66 $0.00 $224.61 $40,187.27
120 $40,187.27 $237.66 $0.00 $227.22 $40,652.15
121 $40,652.15 $237.66 $0.00 $229.85 $41,119.66
122 $41,119.66 $237.66 $0.00 $232.50 $41,589.82
123 $41,589.82 $237.66 $0.00 $235.15 $42,062.63
124 $42,062.63 $237.66 $0.00 $237.83 $42,538.12
125 $42,538.12 $237.66 $0.00 $240.52 $43,016.30
126 $43,016.30 $237.66 $0.00 $243.22 $43,497.18
127 $43,497.18 $237.66 $0.00 $245.94 $43,980.78
128 $43,980.78 $237.66 $0.00 $248.67 $44,467.11
129 $44,467.11 $237.66 $0.00 $251.42 $44,956.19
130 $44,956.19 $237.66 $0.00 $254.19 $45,448.04
131 $45,448.04 $237.66 $0.00 $256.97 $45,942.67
132 $45,942.67 $237.66 $0.00 $259.77 $46,440.10
133 $46,440.10 $237.66 $0.00 $262.58 $46,940.34
134 $46,940.34 $237.66 $0.00 $265.41 $47,443.41
135 $47,443.41 $237.66 $0.00 $268.25 $47,949.32
136 $47,949.32 $237.66 $0.00 $271.11 $48,458.09
137 $48,458.09 $237.66 $0.00 $273.99 $48,969.74
138 $48,969.74 $237.66 $0.00 $276.88 $49,484.28
139 $49,484.28 $237.66 $0.00 $279.79 $50,001.73
140 $50,001.73 $237.66 $0.00 $282.72 $50,522.11
141 $50,522.11 $237.66 $0.00 $285.66 $51,045.43
142 $51,045.43 $237.66 $0.00 $288.62 $51,571.71
143 $51,571.71 $237.66 $0.00 $291.59 $52,100.96
144 $52,100.96 $237.66 $0.00 $294.59 $52,633.21
145 $52,633.21 $237.66 $0.00 $297.60 $53,168.47
146 $53,168.47 $237.66 $0.00 $300.62 $53,706.75
147 $53,706.75 $237.66 $0.00 $303.67 $54,248.08
148 $54,248.08 $237.66 $0.00 $306.73 $54,792.47
149 $54,792.47 $237.66 $0.00 $309.80 $55,339.93
150 $55,339.93 $237.66 $0.00 $312.90 $55,890.49
151 $55,890.49 $237.66 $0.00 $316.01 $56,444.16
152 $56,444.16 $237.66 $0.00 $319.14 $57,000.96
153 $57,000.96 $237.66 $0.00 $322.29 $57,560.91
154 $57,560.91 $237.66 $0.00 $325.46 $58,124.03
155 $58,124.03 $237.66 $0.00 $328.64 $58,690.33
156 $58,690.33 $237.66 $0.00 $331.84 $59,259.83
157 $59,259.83 $237.66 $0.00 $335.06 $59,832.55
158 $59,832.55 $237.66 $0.00 $338.30 $60,408.51
159 $60,408.51 $237.66 $0.00 $341.56 $60,987.73
160 $60,987.73 $237.66 $0.00 $344.83 $61,570.22
161 $61,570.22 $237.66 $0.00 $348.13 $62,156.01
162 $62,156.01 $237.66 $0.00 $351.44 $62,745.11
163 $62,745.11 $237.66 $0.00 $354.77 $63,337.54
164 $63,337.54 $237.66 $0.00 $358.12 $63,933.32
165 $63,933.32 $237.66 $0.00 $361.49 $64,532.47
166 $64,532.47 $237.66 $0.00 $364.88 $65,135.01
167 $65,135.01 $237.66 $0.00 $368.28 $65,740.95
168 $65,740.95 $237.66 $0.00 $371.71 $66,350.32
169 $66,350.32 $237.66 $0.00 $375.15 $66,963.13
170 $66,963.13 $237.66 $0.00 $378.62 $67,579.41
171 $67,579.41 $237.66 $0.00 $382.10 $68,199.17
172 $68,199.17 $237.66 $0.00 $385.61 $68,822.44
173 $68,822.44 $237.66 $0.00 $389.13 $69,449.23
174 $69,449.23 $237.66 $0.00 $392.68 $70,079.57
175 $70,079.57 $237.66 $0.00 $396.24 $70,713.47
176 $70,713.47 $237.66 $0.00 $399.82 $71,350.95
177 $71,350.95 $237.66 $0.00 $403.43 $71,992.04
178 $71,992.04 $237.66 $0.00 $407.05 $72,636.75
179 $72,636.75 $237.66 $0.00 $410.70 $73,285.11
180 $73,285.11 $237.66 $0.00 $414.36 $73,937.13
181 $73,937.13 $237.66 $0.00 $418.05 $74,592.84
182 $74,592.84 $237.66 $0.00 $421.76 $75,252.26
183 $75,252.26 $237.66 $0.00 $425.49 $75,915.41
184 $75,915.41 $237.66 $0.00 $429.24 $76,582.31
185 $76,582.31 $237.66 $0.00 $433.01 $77,252.98
186 $77,252.98 $237.66 $0.00 $436.80 $77,927.44
187 $77,927.44 $237.66 $0.00 $440.61 $78,605.71
188 $78,605.71 $237.66 $0.00 $444.45 $79,287.82
189 $79,287.82 $237.66 $0.00 $448.30 $79,973.78
190 $79,973.78 $237.66 $0.00 $452.18 $80,663.62
191 $80,663.62 $237.66 $0.00 $456.08 $81,357.36
192 $81,357.36 $237.66 $0.00 $460.01 $82,055.03
193 $82,055.03 $237.66 $0.00 $463.95 $82,756.64
194 $82,756.64 $237.66 $0.00 $467.92 $83,462.22
195 $83,462.22 $237.66 $0.00 $471.91 $84,171.79
196 $84,171.79 $237.66 $0.00 $475.92 $84,885.37
197 $84,885.37 $237.66 $0.00 $479.95 $85,602.98
198 $85,602.98 $237.66 $0.00 $484.01 $86,324.65
199 $86,324.65 $237.66 $0.00 $488.09 $87,050.40
200 $87,050.40 $237.66 $0.00 $492.20 $87,780.26
201 $87,780.26 $237.66 $0.00 $496.32 $88,514.24
202 $88,514.24 $237.66 $0.00 $500.47 $89,252.37
203 $89,252.37 $237.66 $0.00 $504.65 $89,994.68
204 $89,994.68 $237.66 $0.00 $508.84 $90,741.18
205 $90,741.18 $237.66 $0.00 $513.06 $91,491.90
206 $91,491.90 $237.66 $0.00 $517.31 $92,246.87
207 $92,246.87 $237.66 $0.00 $521.58 $93,006.11
208 $93,006.11 $237.66 $0.00 $525.87 $93,769.64
209 $93,769.64 $237.66 $0.00 $530.19 $94,537.49
210 $94,537.49 $237.66 $0.00 $534.53 $95,309.68
211 $95,309.68 $237.66 $0.00 $538.89 $96,086.23
212 $96,086.23 $237.66 $0.00 $543.29 $96,867.18
213 $96,867.18 $237.66 $0.00 $547.70 $97,652.54
214 $97,652.54 $237.66 $0.00 $552.14 $98,442.34
215 $98,442.34 $237.66 $0.00 $556.61 $99,236.61
216 $99,236.61 $237.66 $0.00 $561.10 $100,035.37
217 $100,035.37 $237.66 $52,173.10 $565.61 $48,665.54
218 $48,665.54 $237.66 $0.00 $275.16 $49,178.36
219 $49,178.36 $237.66 $0.00 $278.06 $49,694.08
220 $49,694.08 $237.66 $0.00 $280.98 $50,212.72
221 $50,212.72 $237.66 $0.00 $283.91 $50,734.29
222 $50,734.29 $237.66 $0.00 $286.86 $51,258.81
223 $51,258.81 $237.66 $0.00 $289.82 $51,786.29
224 $51,786.29 $237.66 $0.00 $292.81 $52,316.76
225 $52,316.76 $237.66 $0.00 $295.81 $52,850.23
226 $52,850.23 $237.66 $0.00 $298.82 $53,386.71
227 $53,386.71 $237.66 $0.00 $301.86 $53,926.23
228 $53,926.23 $237.66 $0.00 $304.91 $54,468.80
229 $54,468.80 $0.00 $54,781.75 $307.97 ($4.98)