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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$81,332
Monthly savings required$361

How much will it cost to send your child to Johnson College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $162,664.72 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $361.47 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$32,971.00
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 $361.47 $0.00 $0.00 $361.47
2 $361.47 $361.47 $0.00 $2.04 $724.98
3 $724.98 $361.47 $0.00 $4.10 $1,090.55
4 $1,090.55 $361.47 $0.00 $6.17 $1,458.19
5 $1,458.19 $361.47 $0.00 $8.24 $1,827.90
6 $1,827.90 $361.47 $0.00 $10.34 $2,199.71
7 $2,199.71 $361.47 $0.00 $12.44 $2,573.62
8 $2,573.62 $361.47 $0.00 $14.55 $2,949.64
9 $2,949.64 $361.47 $0.00 $16.68 $3,327.79
10 $3,327.79 $361.47 $0.00 $18.82 $3,708.08
11 $3,708.08 $361.47 $0.00 $20.97 $4,090.52
12 $4,090.52 $361.47 $0.00 $23.13 $4,475.12
13 $4,475.12 $361.47 $0.00 $25.30 $4,861.89
14 $4,861.89 $361.47 $0.00 $27.49 $5,250.85
15 $5,250.85 $361.47 $0.00 $29.69 $5,642.01
16 $5,642.01 $361.47 $0.00 $31.90 $6,035.38
17 $6,035.38 $361.47 $0.00 $34.12 $6,430.97
18 $6,430.97 $361.47 $0.00 $36.36 $6,828.80
19 $6,828.80 $361.47 $0.00 $38.61 $7,228.88
20 $7,228.88 $361.47 $0.00 $40.87 $7,631.22
21 $7,631.22 $361.47 $0.00 $43.15 $8,035.84
22 $8,035.84 $361.47 $0.00 $45.44 $8,442.75
23 $8,442.75 $361.47 $0.00 $47.74 $8,851.96
24 $8,851.96 $361.47 $0.00 $50.05 $9,263.48
25 $9,263.48 $361.47 $0.00 $52.38 $9,677.33
26 $9,677.33 $361.47 $0.00 $54.72 $10,093.52
27 $10,093.52 $361.47 $0.00 $57.07 $10,512.06
28 $10,512.06 $361.47 $0.00 $59.44 $10,932.97
29 $10,932.97 $361.47 $0.00 $61.82 $11,356.26
30 $11,356.26 $361.47 $0.00 $64.21 $11,781.94
31 $11,781.94 $361.47 $0.00 $66.62 $12,210.03
32 $12,210.03 $361.47 $0.00 $69.04 $12,640.54
33 $12,640.54 $361.47 $0.00 $71.47 $13,073.48
34 $13,073.48 $361.47 $0.00 $73.92 $13,508.87
35 $13,508.87 $361.47 $0.00 $76.38 $13,946.72
36 $13,946.72 $361.47 $0.00 $78.86 $14,387.05
37 $14,387.05 $361.47 $0.00 $81.35 $14,829.87
38 $14,829.87 $361.47 $0.00 $83.85 $15,275.19
39 $15,275.19 $361.47 $0.00 $86.37 $15,723.03
40 $15,723.03 $361.47 $0.00 $88.90 $16,173.40
41 $16,173.40 $361.47 $0.00 $91.45 $16,626.32
42 $16,626.32 $361.47 $0.00 $94.01 $17,081.80
43 $17,081.80 $361.47 $0.00 $96.58 $17,539.85
44 $17,539.85 $361.47 $0.00 $99.17 $18,000.49
45 $18,000.49 $361.47 $0.00 $101.78 $18,463.74
46 $18,463.74 $361.47 $0.00 $104.40 $18,929.61
47 $18,929.61 $361.47 $0.00 $107.03 $19,398.11
48 $19,398.11 $361.47 $0.00 $109.68 $19,869.26
49 $19,869.26 $361.47 $0.00 $112.34 $20,343.07
50 $20,343.07 $361.47 $0.00 $115.02 $20,819.56
51 $20,819.56 $361.47 $0.00 $117.72 $21,298.75
52 $21,298.75 $361.47 $0.00 $120.43 $21,780.65
53 $21,780.65 $361.47 $0.00 $123.15 $22,265.27
54 $22,265.27 $361.47 $0.00 $125.89 $22,752.63
55 $22,752.63 $361.47 $0.00 $128.65 $23,242.75
56 $23,242.75 $361.47 $0.00 $131.42 $23,735.64
57 $23,735.64 $361.47 $0.00 $134.20 $24,231.31
58 $24,231.31 $361.47 $0.00 $137.01 $24,729.79
59 $24,729.79 $361.47 $0.00 $139.83 $25,231.09
60 $25,231.09 $361.47 $0.00 $142.66 $25,735.22
61 $25,735.22 $361.47 $0.00 $145.51 $26,242.20
62 $26,242.20 $361.47 $0.00 $148.38 $26,752.05
63 $26,752.05 $361.47 $0.00 $151.26 $27,264.78
64 $27,264.78 $361.47 $0.00 $154.16 $27,780.41
65 $27,780.41 $361.47 $0.00 $157.07 $28,298.95
66 $28,298.95 $361.47 $0.00 $160.01 $28,820.43
67 $28,820.43 $361.47 $0.00 $162.95 $29,344.85
68 $29,344.85 $361.47 $0.00 $165.92 $29,872.24
69 $29,872.24 $361.47 $0.00 $168.90 $30,402.61
70 $30,402.61 $361.47 $0.00 $171.90 $30,935.98
71 $30,935.98 $361.47 $0.00 $174.92 $31,472.37
72 $31,472.37 $361.47 $0.00 $177.95 $32,011.79
73 $32,011.79 $361.47 $0.00 $181.00 $32,554.26
74 $32,554.26 $361.47 $0.00 $184.07 $33,099.80
75 $33,099.80 $361.47 $0.00 $187.15 $33,648.42
76 $33,648.42 $361.47 $0.00 $190.25 $34,200.14
77 $34,200.14 $361.47 $0.00 $193.37 $34,754.98
78 $34,754.98 $361.47 $0.00 $196.51 $35,312.96
79 $35,312.96 $361.47 $0.00 $199.66 $35,874.09
80 $35,874.09 $361.47 $0.00 $202.84 $36,438.40
81 $36,438.40 $361.47 $0.00 $206.03 $37,005.90
82 $37,005.90 $361.47 $0.00 $209.24 $37,576.61
83 $37,576.61 $361.47 $0.00 $212.46 $38,150.54
84 $38,150.54 $361.47 $0.00 $215.71 $38,727.72
85 $38,727.72 $361.47 $0.00 $218.97 $39,308.16
86 $39,308.16 $361.47 $0.00 $222.25 $39,891.88
87 $39,891.88 $361.47 $0.00 $225.55 $40,478.90
88 $40,478.90 $361.47 $0.00 $228.87 $41,069.24
89 $41,069.24 $361.47 $0.00 $232.21 $41,662.92
90 $41,662.92 $361.47 $0.00 $235.57 $42,259.96
91 $42,259.96 $361.47 $0.00 $238.94 $42,860.37
92 $42,860.37 $361.47 $0.00 $242.34 $43,464.18
93 $43,464.18 $361.47 $0.00 $245.75 $44,071.40
94 $44,071.40 $361.47 $0.00 $249.19 $44,682.06
95 $44,682.06 $361.47 $0.00 $252.64 $45,296.17
96 $45,296.17 $361.47 $0.00 $256.11 $45,913.75
97 $45,913.75 $361.47 $0.00 $259.60 $46,534.82
98 $46,534.82 $361.47 $0.00 $263.11 $47,159.40
99 $47,159.40 $361.47 $0.00 $266.65 $47,787.52
100 $47,787.52 $361.47 $0.00 $270.20 $48,419.19
101 $48,419.19 $361.47 $0.00 $273.77 $49,054.43
102 $49,054.43 $361.47 $0.00 $277.36 $49,693.26
103 $49,693.26 $361.47 $0.00 $280.97 $50,335.70
104 $50,335.70 $361.47 $0.00 $284.61 $50,981.78
105 $50,981.78 $361.47 $0.00 $288.26 $51,631.51
106 $51,631.51 $361.47 $0.00 $291.93 $52,284.91
107 $52,284.91 $361.47 $0.00 $295.63 $52,942.01
108 $52,942.01 $361.47 $0.00 $299.34 $53,602.82
109 $53,602.82 $361.47 $0.00 $303.08 $54,267.37
110 $54,267.37 $361.47 $0.00 $306.84 $54,935.68
111 $54,935.68 $361.47 $0.00 $310.61 $55,607.76
112 $55,607.76 $361.47 $0.00 $314.41 $56,283.64
113 $56,283.64 $361.47 $0.00 $318.24 $56,963.35
114 $56,963.35 $361.47 $0.00 $322.08 $57,646.90
115 $57,646.90 $361.47 $0.00 $325.94 $58,334.31
116 $58,334.31 $361.47 $0.00 $329.83 $59,025.61
117 $59,025.61 $361.47 $0.00 $333.74 $59,720.82
118 $59,720.82 $361.47 $0.00 $337.67 $60,419.96
119 $60,419.96 $361.47 $0.00 $341.62 $61,123.05
120 $61,123.05 $361.47 $0.00 $345.60 $61,830.12
121 $61,830.12 $361.47 $0.00 $349.60 $62,541.19
122 $62,541.19 $361.47 $0.00 $353.62 $63,256.28
123 $63,256.28 $361.47 $0.00 $357.66 $63,975.41
124 $63,975.41 $361.47 $0.00 $361.73 $64,698.61
125 $64,698.61 $361.47 $0.00 $365.82 $65,425.90
126 $65,425.90 $361.47 $0.00 $369.93 $66,157.30
127 $66,157.30 $361.47 $0.00 $374.06 $66,892.83
128 $66,892.83 $361.47 $0.00 $378.22 $67,632.52
129 $67,632.52 $361.47 $0.00 $382.40 $68,376.39
130 $68,376.39 $361.47 $0.00 $386.61 $69,124.47
131 $69,124.47 $361.47 $0.00 $390.84 $69,876.78
132 $69,876.78 $361.47 $0.00 $395.09 $70,633.34
133 $70,633.34 $361.47 $0.00 $399.37 $71,394.18
134 $71,394.18 $361.47 $0.00 $403.67 $72,159.32
135 $72,159.32 $361.47 $0.00 $408.00 $72,928.79
136 $72,928.79 $361.47 $0.00 $412.35 $73,702.61
137 $73,702.61 $361.47 $0.00 $416.73 $74,480.81
138 $74,480.81 $361.47 $0.00 $421.13 $75,263.41
139 $75,263.41 $361.47 $0.00 $425.55 $76,050.43
140 $76,050.43 $361.47 $0.00 $430.00 $76,841.90
141 $76,841.90 $361.47 $0.00 $434.48 $77,637.85
142 $77,637.85 $361.47 $0.00 $438.98 $78,438.30
143 $78,438.30 $361.47 $0.00 $443.50 $79,243.27
144 $79,243.27 $361.47 $0.00 $448.05 $80,052.79
145 $80,052.79 $361.47 $0.00 $452.63 $80,866.89
146 $80,866.89 $361.47 $0.00 $457.23 $81,685.59
147 $81,685.59 $361.47 $0.00 $461.86 $82,508.92
148 $82,508.92 $361.47 $0.00 $466.52 $83,336.91
149 $83,336.91 $361.47 $0.00 $471.20 $84,169.58
150 $84,169.58 $361.47 $0.00 $475.91 $85,006.96
151 $85,006.96 $361.47 $0.00 $480.64 $85,849.07
152 $85,849.07 $361.47 $0.00 $485.40 $86,695.94
153 $86,695.94 $361.47 $0.00 $490.19 $87,547.60
154 $87,547.60 $361.47 $0.00 $495.01 $88,404.08
155 $88,404.08 $361.47 $0.00 $499.85 $89,265.40
156 $89,265.40 $361.47 $0.00 $504.72 $90,131.59
157 $90,131.59 $361.47 $0.00 $509.62 $91,002.68
158 $91,002.68 $361.47 $0.00 $514.54 $91,878.69
159 $91,878.69 $361.47 $0.00 $519.50 $92,759.66
160 $92,759.66 $361.47 $0.00 $524.48 $93,645.61
161 $93,645.61 $361.47 $0.00 $529.49 $94,536.57
162 $94,536.57 $361.47 $0.00 $534.52 $95,432.56
163 $95,432.56 $361.47 $0.00 $539.59 $96,333.62
164 $96,333.62 $361.47 $0.00 $544.68 $97,239.77
165 $97,239.77 $361.47 $0.00 $549.81 $98,151.05
166 $98,151.05 $361.47 $0.00 $554.96 $99,067.48
167 $99,067.48 $361.47 $0.00 $560.14 $99,989.09
168 $99,989.09 $361.47 $0.00 $565.35 $100,915.91
169 $100,915.91 $361.47 $0.00 $570.59 $101,847.97
170 $101,847.97 $361.47 $0.00 $575.86 $102,785.30
171 $102,785.30 $361.47 $0.00 $581.16 $103,727.93
172 $103,727.93 $361.47 $0.00 $586.49 $104,675.89
173 $104,675.89 $361.47 $0.00 $591.85 $105,629.21
174 $105,629.21 $361.47 $0.00 $597.24 $106,587.92
175 $106,587.92 $361.47 $0.00 $602.66 $107,552.05
176 $107,552.05 $361.47 $0.00 $608.11 $108,521.63
177 $108,521.63 $361.47 $0.00 $613.60 $109,496.70
178 $109,496.70 $361.47 $0.00 $619.11 $110,477.28
179 $110,477.28 $361.47 $0.00 $624.65 $111,463.40
180 $111,463.40 $361.47 $0.00 $630.23 $112,455.10
181 $112,455.10 $361.47 $0.00 $635.84 $113,452.41
182 $113,452.41 $361.47 $0.00 $641.48 $114,455.36
183 $114,455.36 $361.47 $0.00 $647.15 $115,463.98
184 $115,463.98 $361.47 $0.00 $652.85 $116,478.30
185 $116,478.30 $361.47 $0.00 $658.59 $117,498.36
186 $117,498.36 $361.47 $0.00 $664.35 $118,524.18
187 $118,524.18 $361.47 $0.00 $670.15 $119,555.80
188 $119,555.80 $361.47 $0.00 $675.99 $120,593.26
189 $120,593.26 $361.47 $0.00 $681.85 $121,636.58
190 $121,636.58 $361.47 $0.00 $687.75 $122,685.80
191 $122,685.80 $361.47 $0.00 $693.68 $123,740.95
192 $123,740.95 $361.47 $0.00 $699.65 $124,802.07
193 $124,802.07 $361.47 $0.00 $705.65 $125,869.19
194 $125,869.19 $361.47 $0.00 $711.68 $126,942.34
195 $126,942.34 $361.47 $0.00 $717.75 $128,021.56
196 $128,021.56 $361.47 $0.00 $723.85 $129,106.88
197 $129,106.88 $361.47 $0.00 $729.99 $130,198.34
198 $130,198.34 $361.47 $0.00 $736.16 $131,295.97
199 $131,295.97 $361.47 $0.00 $742.37 $132,399.81
200 $132,399.81 $361.47 $0.00 $748.61 $133,509.89
201 $133,509.89 $361.47 $0.00 $754.88 $134,626.24
202 $134,626.24 $361.47 $0.00 $761.20 $135,748.91
203 $135,748.91 $361.47 $0.00 $767.54 $136,877.92
204 $136,877.92 $361.47 $0.00 $773.93 $138,013.32
205 $138,013.32 $361.47 $0.00 $780.35 $139,155.14
206 $139,155.14 $361.47 $0.00 $786.80 $140,303.41
207 $140,303.41 $361.47 $0.00 $793.30 $141,458.18
208 $141,458.18 $361.47 $0.00 $799.83 $142,619.48
209 $142,619.48 $361.47 $0.00 $806.39 $143,787.34
210 $143,787.34 $361.47 $0.00 $812.99 $144,961.80
211 $144,961.80 $361.47 $0.00 $819.64 $146,142.91
212 $146,142.91 $361.47 $0.00 $826.31 $147,330.69
213 $147,330.69 $361.47 $0.00 $833.03 $148,525.19
214 $148,525.19 $361.47 $0.00 $839.78 $149,726.44
215 $149,726.44 $361.47 $0.00 $846.58 $150,934.49
216 $150,934.49 $361.47 $0.00 $853.41 $152,149.37
217 $152,149.37 $361.47 $79,348.64 $860.27 $74,022.47
218 $74,022.47 $361.47 $0.00 $418.53 $74,802.47
219 $74,802.47 $361.47 $0.00 $422.94 $75,586.88
220 $75,586.88 $361.47 $0.00 $427.38 $76,375.73
221 $76,375.73 $361.47 $0.00 $431.84 $77,169.04
222 $77,169.04 $361.47 $0.00 $436.32 $77,966.83
223 $77,966.83 $361.47 $0.00 $440.84 $78,769.14
224 $78,769.14 $361.47 $0.00 $445.37 $79,575.98
225 $79,575.98 $361.47 $0.00 $449.93 $80,387.38
226 $80,387.38 $361.47 $0.00 $454.52 $81,203.37
227 $81,203.37 $361.47 $0.00 $459.14 $82,023.98
228 $82,023.98 $361.47 $0.00 $463.78 $82,849.23
229 $82,849.23 $0.00 $83,316.07 $468.44 $1.60