Savings Plan and Future Cost Estimation for Portland 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$55,254
Monthly savings required$246

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 $110,507.02 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $245.56 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$22,399.00
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 $245.56 $0.00 $0.00 $245.56
2 $245.56 $245.56 $0.00 $1.39 $492.51
3 $492.51 $245.56 $0.00 $2.78 $740.85
4 $740.85 $245.56 $0.00 $4.19 $990.60
5 $990.60 $245.56 $0.00 $5.60 $1,241.76
6 $1,241.76 $245.56 $0.00 $7.02 $1,494.34
7 $1,494.34 $245.56 $0.00 $8.45 $1,748.35
8 $1,748.35 $245.56 $0.00 $9.89 $2,003.80
9 $2,003.80 $245.56 $0.00 $11.33 $2,260.69
10 $2,260.69 $245.56 $0.00 $12.78 $2,519.03
11 $2,519.03 $245.56 $0.00 $14.24 $2,778.83
12 $2,778.83 $245.56 $0.00 $15.71 $3,040.10
13 $3,040.10 $245.56 $0.00 $17.19 $3,302.85
14 $3,302.85 $245.56 $0.00 $18.67 $3,567.08
15 $3,567.08 $245.56 $0.00 $20.17 $3,832.81
16 $3,832.81 $245.56 $0.00 $21.67 $4,100.04
17 $4,100.04 $245.56 $0.00 $23.18 $4,368.78
18 $4,368.78 $245.56 $0.00 $24.70 $4,639.04
19 $4,639.04 $245.56 $0.00 $26.23 $4,910.83
20 $4,910.83 $245.56 $0.00 $27.77 $5,184.16
21 $5,184.16 $245.56 $0.00 $29.31 $5,459.03
22 $5,459.03 $245.56 $0.00 $30.87 $5,735.46
23 $5,735.46 $245.56 $0.00 $32.43 $6,013.45
24 $6,013.45 $245.56 $0.00 $34.00 $6,293.01
25 $6,293.01 $245.56 $0.00 $35.58 $6,574.15
26 $6,574.15 $245.56 $0.00 $37.17 $6,856.88
27 $6,856.88 $245.56 $0.00 $38.77 $7,141.21
28 $7,141.21 $245.56 $0.00 $40.38 $7,427.15
29 $7,427.15 $245.56 $0.00 $41.99 $7,714.70
30 $7,714.70 $245.56 $0.00 $43.62 $8,003.88
31 $8,003.88 $245.56 $0.00 $45.26 $8,294.70
32 $8,294.70 $245.56 $0.00 $46.90 $8,587.16
33 $8,587.16 $245.56 $0.00 $48.55 $8,881.27
34 $8,881.27 $245.56 $0.00 $50.22 $9,177.05
35 $9,177.05 $245.56 $0.00 $51.89 $9,474.50
36 $9,474.50 $245.56 $0.00 $53.57 $9,773.63
37 $9,773.63 $245.56 $0.00 $55.26 $10,074.45
38 $10,074.45 $245.56 $0.00 $56.96 $10,376.97
39 $10,376.97 $245.56 $0.00 $58.67 $10,681.20
40 $10,681.20 $245.56 $0.00 $60.39 $10,987.15
41 $10,987.15 $245.56 $0.00 $62.12 $11,294.83
42 $11,294.83 $245.56 $0.00 $63.86 $11,604.25
43 $11,604.25 $245.56 $0.00 $65.61 $11,915.42
44 $11,915.42 $245.56 $0.00 $67.37 $12,228.35
45 $12,228.35 $245.56 $0.00 $69.14 $12,543.05
46 $12,543.05 $245.56 $0.00 $70.92 $12,859.53
47 $12,859.53 $245.56 $0.00 $72.71 $13,177.80
48 $13,177.80 $245.56 $0.00 $74.51 $13,497.87
49 $13,497.87 $245.56 $0.00 $76.32 $13,819.75
50 $13,819.75 $245.56 $0.00 $78.14 $14,143.45
51 $14,143.45 $245.56 $0.00 $79.97 $14,468.98
52 $14,468.98 $245.56 $0.00 $81.81 $14,796.35
53 $14,796.35 $245.56 $0.00 $83.66 $15,125.57
54 $15,125.57 $245.56 $0.00 $85.52 $15,456.65
55 $15,456.65 $245.56 $0.00 $87.39 $15,789.60
56 $15,789.60 $245.56 $0.00 $89.28 $16,124.44
57 $16,124.44 $245.56 $0.00 $91.17 $16,461.17
58 $16,461.17 $245.56 $0.00 $93.07 $16,799.80
59 $16,799.80 $245.56 $0.00 $94.99 $17,140.35
60 $17,140.35 $245.56 $0.00 $96.91 $17,482.82
61 $17,482.82 $245.56 $0.00 $98.85 $17,827.23
62 $17,827.23 $245.56 $0.00 $100.80 $18,173.59
63 $18,173.59 $245.56 $0.00 $102.76 $18,521.91
64 $18,521.91 $245.56 $0.00 $104.73 $18,872.20
65 $18,872.20 $245.56 $0.00 $106.71 $19,224.47
66 $19,224.47 $245.56 $0.00 $108.70 $19,578.73
67 $19,578.73 $245.56 $0.00 $110.70 $19,934.99
68 $19,934.99 $245.56 $0.00 $112.72 $20,293.27
69 $20,293.27 $245.56 $0.00 $114.74 $20,653.57
70 $20,653.57 $245.56 $0.00 $116.78 $21,015.91
71 $21,015.91 $245.56 $0.00 $118.83 $21,380.30
72 $21,380.30 $245.56 $0.00 $120.89 $21,746.75
73 $21,746.75 $245.56 $0.00 $122.96 $22,115.27
74 $22,115.27 $245.56 $0.00 $125.04 $22,485.87
75 $22,485.87 $245.56 $0.00 $127.14 $22,858.57
76 $22,858.57 $245.56 $0.00 $129.25 $23,233.38
77 $23,233.38 $245.56 $0.00 $131.36 $23,610.30
78 $23,610.30 $245.56 $0.00 $133.50 $23,989.36
79 $23,989.36 $245.56 $0.00 $135.64 $24,370.56
80 $24,370.56 $245.56 $0.00 $137.79 $24,753.91
81 $24,753.91 $245.56 $0.00 $139.96 $25,139.43
82 $25,139.43 $245.56 $0.00 $142.14 $25,527.13
83 $25,527.13 $245.56 $0.00 $144.33 $25,917.02
84 $25,917.02 $245.56 $0.00 $146.54 $26,309.12
85 $26,309.12 $245.56 $0.00 $148.76 $26,703.44
86 $26,703.44 $245.56 $0.00 $150.99 $27,099.99
87 $27,099.99 $245.56 $0.00 $153.23 $27,498.78
88 $27,498.78 $245.56 $0.00 $155.48 $27,899.82
89 $27,899.82 $245.56 $0.00 $157.75 $28,303.13
90 $28,303.13 $245.56 $0.00 $160.03 $28,708.72
91 $28,708.72 $245.56 $0.00 $162.32 $29,116.60
92 $29,116.60 $245.56 $0.00 $164.63 $29,526.79
93 $29,526.79 $245.56 $0.00 $166.95 $29,939.30
94 $29,939.30 $245.56 $0.00 $169.28 $30,354.14
95 $30,354.14 $245.56 $0.00 $171.63 $30,771.33
96 $30,771.33 $245.56 $0.00 $173.99 $31,190.88
97 $31,190.88 $245.56 $0.00 $176.36 $31,612.80
98 $31,612.80 $245.56 $0.00 $178.74 $32,037.10
99 $32,037.10 $245.56 $0.00 $181.14 $32,463.80
100 $32,463.80 $245.56 $0.00 $183.56 $32,892.92
101 $32,892.92 $245.56 $0.00 $185.98 $33,324.46
102 $33,324.46 $245.56 $0.00 $188.42 $33,758.44
103 $33,758.44 $245.56 $0.00 $190.88 $34,194.88
104 $34,194.88 $245.56 $0.00 $193.34 $34,633.78
105 $34,633.78 $245.56 $0.00 $195.82 $35,075.16
106 $35,075.16 $245.56 $0.00 $198.32 $35,519.04
107 $35,519.04 $245.56 $0.00 $200.83 $35,965.43
108 $35,965.43 $245.56 $0.00 $203.35 $36,414.34
109 $36,414.34 $245.56 $0.00 $205.89 $36,865.79
110 $36,865.79 $245.56 $0.00 $208.44 $37,319.79
111 $37,319.79 $245.56 $0.00 $211.01 $37,776.36
112 $37,776.36 $245.56 $0.00 $213.59 $38,235.51
113 $38,235.51 $245.56 $0.00 $216.19 $38,697.26
114 $38,697.26 $245.56 $0.00 $218.80 $39,161.62
115 $39,161.62 $245.56 $0.00 $221.43 $39,628.61
116 $39,628.61 $245.56 $0.00 $224.07 $40,098.24
117 $40,098.24 $245.56 $0.00 $226.72 $40,570.52
118 $40,570.52 $245.56 $0.00 $229.39 $41,045.47
119 $41,045.47 $245.56 $0.00 $232.08 $41,523.11
120 $41,523.11 $245.56 $0.00 $234.78 $42,003.45
121 $42,003.45 $245.56 $0.00 $237.49 $42,486.50
122 $42,486.50 $245.56 $0.00 $240.22 $42,972.28
123 $42,972.28 $245.56 $0.00 $242.97 $43,460.81
124 $43,460.81 $245.56 $0.00 $245.73 $43,952.10
125 $43,952.10 $245.56 $0.00 $248.51 $44,446.17
126 $44,446.17 $245.56 $0.00 $251.31 $44,943.04
127 $44,943.04 $245.56 $0.00 $254.11 $45,442.71
128 $45,442.71 $245.56 $0.00 $256.94 $45,945.21
129 $45,945.21 $245.56 $0.00 $259.78 $46,450.55
130 $46,450.55 $245.56 $0.00 $262.64 $46,958.75
131 $46,958.75 $245.56 $0.00 $265.51 $47,469.82
132 $47,469.82 $245.56 $0.00 $268.40 $47,983.78
133 $47,983.78 $245.56 $0.00 $271.31 $48,500.65
134 $48,500.65 $245.56 $0.00 $274.23 $49,020.44
135 $49,020.44 $245.56 $0.00 $277.17 $49,543.17
136 $49,543.17 $245.56 $0.00 $280.12 $50,068.85
137 $50,068.85 $245.56 $0.00 $283.10 $50,597.51
138 $50,597.51 $245.56 $0.00 $286.09 $51,129.16
139 $51,129.16 $245.56 $0.00 $289.09 $51,663.81
140 $51,663.81 $245.56 $0.00 $292.11 $52,201.48
141 $52,201.48 $245.56 $0.00 $295.15 $52,742.19
142 $52,742.19 $245.56 $0.00 $298.21 $53,285.96
143 $53,285.96 $245.56 $0.00 $301.29 $53,832.81
144 $53,832.81 $245.56 $0.00 $304.38 $54,382.75
145 $54,382.75 $245.56 $0.00 $307.49 $54,935.80
146 $54,935.80 $245.56 $0.00 $310.62 $55,491.98
147 $55,491.98 $245.56 $0.00 $313.76 $56,051.30
148 $56,051.30 $245.56 $0.00 $316.92 $56,613.78
149 $56,613.78 $245.56 $0.00 $320.10 $57,179.44
150 $57,179.44 $245.56 $0.00 $323.30 $57,748.30
151 $57,748.30 $245.56 $0.00 $326.52 $58,320.38
152 $58,320.38 $245.56 $0.00 $329.75 $58,895.69
153 $58,895.69 $245.56 $0.00 $333.00 $59,474.25
154 $59,474.25 $245.56 $0.00 $336.28 $60,056.09
155 $60,056.09 $245.56 $0.00 $339.57 $60,641.22
156 $60,641.22 $245.56 $0.00 $342.87 $61,229.65
157 $61,229.65 $245.56 $0.00 $346.20 $61,821.41
158 $61,821.41 $245.56 $0.00 $349.55 $62,416.52
159 $62,416.52 $245.56 $0.00 $352.91 $63,014.99
160 $63,014.99 $245.56 $0.00 $356.30 $63,616.85
161 $63,616.85 $245.56 $0.00 $359.70 $64,222.11
162 $64,222.11 $245.56 $0.00 $363.12 $64,830.79
163 $64,830.79 $245.56 $0.00 $366.56 $65,442.91
164 $65,442.91 $245.56 $0.00 $370.02 $66,058.49
165 $66,058.49 $245.56 $0.00 $373.50 $66,677.55
166 $66,677.55 $245.56 $0.00 $377.00 $67,300.11
167 $67,300.11 $245.56 $0.00 $380.52 $67,926.19
168 $67,926.19 $245.56 $0.00 $384.06 $68,555.81
169 $68,555.81 $245.56 $0.00 $387.62 $69,188.99
170 $69,188.99 $245.56 $0.00 $391.20 $69,825.75
171 $69,825.75 $245.56 $0.00 $394.80 $70,466.11
172 $70,466.11 $245.56 $0.00 $398.43 $71,110.10
173 $71,110.10 $245.56 $0.00 $402.07 $71,757.73
174 $71,757.73 $245.56 $0.00 $405.73 $72,409.02
175 $72,409.02 $245.56 $0.00 $409.41 $73,063.99
176 $73,063.99 $245.56 $0.00 $413.11 $73,722.66
177 $73,722.66 $245.56 $0.00 $416.84 $74,385.06
178 $74,385.06 $245.56 $0.00 $420.58 $75,051.20
179 $75,051.20 $245.56 $0.00 $424.35 $75,721.11
180 $75,721.11 $245.56 $0.00 $428.14 $76,394.81
181 $76,394.81 $245.56 $0.00 $431.95 $77,072.32
182 $77,072.32 $245.56 $0.00 $435.78 $77,753.66
183 $77,753.66 $245.56 $0.00 $439.63 $78,438.85
184 $78,438.85 $245.56 $0.00 $443.50 $79,127.91
185 $79,127.91 $245.56 $0.00 $447.40 $79,820.87
186 $79,820.87 $245.56 $0.00 $451.32 $80,517.75
187 $80,517.75 $245.56 $0.00 $455.26 $81,218.57
188 $81,218.57 $245.56 $0.00 $459.22 $81,923.35
189 $81,923.35 $245.56 $0.00 $463.21 $82,632.12
190 $82,632.12 $245.56 $0.00 $467.21 $83,344.89
191 $83,344.89 $245.56 $0.00 $471.24 $84,061.69
192 $84,061.69 $245.56 $0.00 $475.30 $84,782.55
193 $84,782.55 $245.56 $0.00 $479.37 $85,507.48
194 $85,507.48 $245.56 $0.00 $483.47 $86,236.51
195 $86,236.51 $245.56 $0.00 $487.59 $86,969.66
196 $86,969.66 $245.56 $0.00 $491.74 $87,706.96
197 $87,706.96 $245.56 $0.00 $495.91 $88,448.43
198 $88,448.43 $245.56 $0.00 $500.10 $89,194.09
199 $89,194.09 $245.56 $0.00 $504.32 $89,943.97
200 $89,943.97 $245.56 $0.00 $508.56 $90,698.09
201 $90,698.09 $245.56 $0.00 $512.82 $91,456.47
202 $91,456.47 $245.56 $0.00 $517.11 $92,219.14
203 $92,219.14 $245.56 $0.00 $521.42 $92,986.12
204 $92,986.12 $245.56 $0.00 $525.76 $93,757.44
205 $93,757.44 $245.56 $0.00 $530.12 $94,533.12
206 $94,533.12 $245.56 $0.00 $534.50 $95,313.18
207 $95,313.18 $245.56 $0.00 $538.91 $96,097.65
208 $96,097.65 $245.56 $0.00 $543.35 $96,886.56
209 $96,886.56 $245.56 $0.00 $547.81 $97,679.93
210 $97,679.93 $245.56 $0.00 $552.30 $98,477.79
211 $98,477.79 $245.56 $0.00 $556.81 $99,280.16
212 $99,280.16 $245.56 $0.00 $561.34 $100,087.06
213 $100,087.06 $245.56 $0.00 $565.91 $100,898.53
214 $100,898.53 $245.56 $0.00 $570.49 $101,714.58
215 $101,714.58 $245.56 $0.00 $575.11 $102,535.25
216 $102,535.25 $245.56 $0.00 $579.75 $103,360.56
217 $103,360.56 $245.56 $53,905.86 $584.42 $50,284.68
218 $50,284.68 $245.56 $0.00 $284.32 $50,814.56
219 $50,814.56 $245.56 $0.00 $287.31 $51,347.43
220 $51,347.43 $245.56 $0.00 $290.33 $51,883.32
221 $51,883.32 $245.56 $0.00 $293.36 $52,422.24
222 $52,422.24 $245.56 $0.00 $296.40 $52,964.20
223 $52,964.20 $245.56 $0.00 $299.47 $53,509.23
224 $53,509.23 $245.56 $0.00 $302.55 $54,057.34
225 $54,057.34 $245.56 $0.00 $305.65 $54,608.55
226 $54,608.55 $245.56 $0.00 $308.76 $55,162.87
227 $55,162.87 $245.56 $0.00 $311.90 $55,720.33
228 $55,720.33 $245.56 $0.00 $315.05 $56,280.94
229 $56,280.94 $0.00 $56,601.16 $318.22 ($2.00)