Savings Plan and Future Cost Estimation for Pennsylvania College of Technology

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$131,635
Monthly savings required$1,040

How much will it cost to send your child to Pennsylvania College of Technology in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $526,540.32 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,040.35 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$35,087.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,040.35 $0.00 $0.00 $1,040.35
2 $1,040.35 $1,040.35 $0.00 $5.88 $2,086.58
3 $2,086.58 $1,040.35 $0.00 $11.80 $3,138.73
4 $3,138.73 $1,040.35 $0.00 $17.75 $4,196.83
5 $4,196.83 $1,040.35 $0.00 $23.73 $5,260.91
6 $5,260.91 $1,040.35 $0.00 $29.75 $6,331.01
7 $6,331.01 $1,040.35 $0.00 $35.80 $7,407.16
8 $7,407.16 $1,040.35 $0.00 $41.88 $8,489.39
9 $8,489.39 $1,040.35 $0.00 $48.00 $9,577.74
10 $9,577.74 $1,040.35 $0.00 $54.15 $10,672.24
11 $10,672.24 $1,040.35 $0.00 $60.34 $11,772.93
12 $11,772.93 $1,040.35 $0.00 $66.57 $12,879.85
13 $12,879.85 $1,040.35 $0.00 $72.82 $13,993.02
14 $13,993.02 $1,040.35 $0.00 $79.12 $15,112.49
15 $15,112.49 $1,040.35 $0.00 $85.45 $16,238.29
16 $16,238.29 $1,040.35 $0.00 $91.81 $17,370.45
17 $17,370.45 $1,040.35 $0.00 $98.22 $18,509.02
18 $18,509.02 $1,040.35 $0.00 $104.65 $19,654.02
19 $19,654.02 $1,040.35 $0.00 $111.13 $20,805.50
20 $20,805.50 $1,040.35 $0.00 $117.64 $21,963.49
21 $21,963.49 $1,040.35 $0.00 $124.18 $23,128.02
22 $23,128.02 $1,040.35 $0.00 $130.77 $24,299.14
23 $24,299.14 $1,040.35 $0.00 $137.39 $25,476.88
24 $25,476.88 $1,040.35 $0.00 $144.05 $26,661.28
25 $26,661.28 $1,040.35 $0.00 $150.75 $27,852.38
26 $27,852.38 $1,040.35 $0.00 $157.48 $29,050.21
27 $29,050.21 $1,040.35 $0.00 $164.25 $30,254.81
28 $30,254.81 $1,040.35 $0.00 $171.07 $31,466.23
29 $31,466.23 $1,040.35 $0.00 $177.91 $32,684.49
30 $32,684.49 $1,040.35 $0.00 $184.80 $33,909.64
31 $33,909.64 $1,040.35 $0.00 $191.73 $35,141.72
32 $35,141.72 $1,040.35 $0.00 $198.70 $36,380.77
33 $36,380.77 $1,040.35 $0.00 $205.70 $37,626.82
34 $37,626.82 $1,040.35 $0.00 $212.75 $38,879.92
35 $38,879.92 $1,040.35 $0.00 $219.83 $40,140.10
36 $40,140.10 $1,040.35 $0.00 $226.96 $41,407.41
37 $41,407.41 $1,040.35 $0.00 $234.12 $42,681.88
38 $42,681.88 $1,040.35 $0.00 $241.33 $43,963.56
39 $43,963.56 $1,040.35 $0.00 $248.58 $45,252.49
40 $45,252.49 $1,040.35 $0.00 $255.86 $46,548.70
41 $46,548.70 $1,040.35 $0.00 $263.19 $47,852.24
42 $47,852.24 $1,040.35 $0.00 $270.56 $49,163.15
43 $49,163.15 $1,040.35 $0.00 $277.98 $50,481.48
44 $50,481.48 $1,040.35 $0.00 $285.43 $51,807.26
45 $51,807.26 $1,040.35 $0.00 $292.93 $53,140.54
46 $53,140.54 $1,040.35 $0.00 $300.46 $54,481.35
47 $54,481.35 $1,040.35 $0.00 $308.05 $55,829.75
48 $55,829.75 $1,040.35 $0.00 $315.67 $57,185.77
49 $57,185.77 $1,040.35 $0.00 $323.34 $58,549.46
50 $58,549.46 $1,040.35 $0.00 $331.05 $59,920.86
51 $59,920.86 $1,040.35 $0.00 $338.80 $61,300.01
52 $61,300.01 $1,040.35 $0.00 $346.60 $62,686.96
53 $62,686.96 $1,040.35 $0.00 $354.44 $64,081.75
54 $64,081.75 $1,040.35 $0.00 $362.33 $65,484.43
55 $65,484.43 $1,040.35 $0.00 $370.26 $66,895.04
56 $66,895.04 $1,040.35 $0.00 $378.23 $68,313.62
57 $68,313.62 $1,040.35 $0.00 $386.26 $69,740.23
58 $69,740.23 $1,040.35 $0.00 $394.32 $71,174.90
59 $71,174.90 $1,040.35 $0.00 $402.43 $72,617.68
60 $72,617.68 $1,040.35 $0.00 $410.59 $74,068.62
61 $74,068.62 $1,040.35 $0.00 $418.79 $75,527.76
62 $75,527.76 $1,040.35 $0.00 $427.04 $76,995.15
63 $76,995.15 $1,040.35 $0.00 $435.34 $78,470.84
64 $78,470.84 $1,040.35 $0.00 $443.69 $79,954.88
65 $79,954.88 $1,040.35 $0.00 $452.08 $81,447.31
66 $81,447.31 $1,040.35 $0.00 $460.51 $82,948.17
67 $82,948.17 $1,040.35 $0.00 $469.00 $84,457.52
68 $84,457.52 $1,040.35 $0.00 $477.54 $85,975.41
69 $85,975.41 $1,040.35 $0.00 $486.12 $87,501.88
70 $87,501.88 $1,040.35 $0.00 $494.75 $89,036.98
71 $89,036.98 $1,040.35 $0.00 $503.43 $90,580.76
72 $90,580.76 $1,040.35 $0.00 $512.16 $92,133.27
73 $92,133.27 $1,040.35 $0.00 $520.93 $93,694.55
74 $93,694.55 $1,040.35 $0.00 $529.76 $95,264.66
75 $95,264.66 $1,040.35 $0.00 $538.64 $96,843.65
76 $96,843.65 $1,040.35 $0.00 $547.57 $98,431.57
77 $98,431.57 $1,040.35 $0.00 $556.55 $100,028.47
78 $100,028.47 $1,040.35 $0.00 $565.58 $101,634.40
79 $101,634.40 $1,040.35 $0.00 $574.66 $103,249.41
80 $103,249.41 $1,040.35 $0.00 $583.79 $104,873.55
81 $104,873.55 $1,040.35 $0.00 $592.97 $106,506.87
82 $106,506.87 $1,040.35 $0.00 $602.21 $108,149.43
83 $108,149.43 $1,040.35 $0.00 $611.49 $109,801.27
84 $109,801.27 $1,040.35 $0.00 $620.83 $111,462.45
85 $111,462.45 $1,040.35 $0.00 $630.22 $113,133.02
86 $113,133.02 $1,040.35 $0.00 $639.67 $114,813.04
87 $114,813.04 $1,040.35 $0.00 $649.17 $116,502.56
88 $116,502.56 $1,040.35 $0.00 $658.72 $118,201.63
89 $118,201.63 $1,040.35 $0.00 $668.33 $119,910.31
90 $119,910.31 $1,040.35 $0.00 $677.99 $121,628.65
91 $121,628.65 $1,040.35 $0.00 $687.71 $123,356.71
92 $123,356.71 $1,040.35 $0.00 $697.48 $125,094.54
93 $125,094.54 $1,040.35 $0.00 $707.30 $126,842.19
94 $126,842.19 $1,040.35 $0.00 $717.18 $128,599.72
95 $128,599.72 $1,040.35 $0.00 $727.12 $130,367.19
96 $130,367.19 $1,040.35 $0.00 $737.12 $132,144.66
97 $132,144.66 $1,040.35 $0.00 $747.17 $133,932.18
98 $133,932.18 $1,040.35 $0.00 $757.27 $135,729.80
99 $135,729.80 $1,040.35 $0.00 $767.44 $137,537.59
100 $137,537.59 $1,040.35 $0.00 $777.66 $139,355.60
101 $139,355.60 $1,040.35 $0.00 $787.94 $141,183.89
102 $141,183.89 $1,040.35 $0.00 $798.27 $143,022.51
103 $143,022.51 $1,040.35 $0.00 $808.67 $144,871.53
104 $144,871.53 $1,040.35 $0.00 $819.12 $146,731.00
105 $146,731.00 $1,040.35 $0.00 $829.64 $148,600.99
106 $148,600.99 $1,040.35 $0.00 $840.21 $150,481.55
107 $150,481.55 $1,040.35 $0.00 $850.84 $152,372.74
108 $152,372.74 $1,040.35 $0.00 $861.54 $154,274.63
109 $154,274.63 $1,040.35 $0.00 $872.29 $156,187.27
110 $156,187.27 $1,040.35 $0.00 $883.11 $158,110.73
111 $158,110.73 $1,040.35 $0.00 $893.98 $160,045.06
112 $160,045.06 $1,040.35 $0.00 $904.92 $161,990.33
113 $161,990.33 $1,040.35 $0.00 $915.92 $163,946.60
114 $163,946.60 $1,040.35 $0.00 $926.98 $165,913.93
115 $165,913.93 $1,040.35 $0.00 $938.10 $167,892.38
116 $167,892.38 $1,040.35 $0.00 $949.29 $169,882.02
117 $169,882.02 $1,040.35 $0.00 $960.54 $171,882.91
118 $171,882.91 $1,040.35 $0.00 $971.85 $173,895.11
119 $173,895.11 $1,040.35 $0.00 $983.23 $175,918.69
120 $175,918.69 $1,040.35 $0.00 $994.67 $177,953.71
121 $177,953.71 $1,040.35 $0.00 $1,006.18 $180,000.24
122 $180,000.24 $1,040.35 $0.00 $1,017.75 $182,058.34
123 $182,058.34 $1,040.35 $0.00 $1,029.38 $184,128.07
124 $184,128.07 $1,040.35 $0.00 $1,041.09 $186,209.51
125 $186,209.51 $1,040.35 $0.00 $1,052.86 $188,302.72
126 $188,302.72 $1,040.35 $0.00 $1,064.69 $190,407.76
127 $190,407.76 $1,040.35 $0.00 $1,076.59 $192,524.70
128 $192,524.70 $1,040.35 $0.00 $1,088.56 $194,653.61
129 $194,653.61 $1,040.35 $0.00 $1,100.60 $196,794.56
130 $196,794.56 $1,040.35 $0.00 $1,112.71 $198,947.62
131 $198,947.62 $1,040.35 $0.00 $1,124.88 $201,112.85
132 $201,112.85 $1,040.35 $0.00 $1,137.12 $203,290.32
133 $203,290.32 $1,040.35 $0.00 $1,149.43 $205,480.10
134 $205,480.10 $1,040.35 $0.00 $1,161.81 $207,682.26
135 $207,682.26 $1,040.35 $0.00 $1,174.27 $209,896.88
136 $209,896.88 $1,040.35 $0.00 $1,186.79 $212,124.02
137 $212,124.02 $1,040.35 $0.00 $1,199.38 $214,363.75
138 $214,363.75 $1,040.35 $0.00 $1,212.04 $216,616.14
139 $216,616.14 $1,040.35 $0.00 $1,224.78 $218,881.27
140 $218,881.27 $1,040.35 $0.00 $1,237.59 $221,159.21
141 $221,159.21 $1,040.35 $0.00 $1,250.47 $223,450.03
142 $223,450.03 $1,040.35 $0.00 $1,263.42 $225,753.80
143 $225,753.80 $1,040.35 $0.00 $1,276.44 $228,070.59
144 $228,070.59 $1,040.35 $0.00 $1,289.54 $230,400.48
145 $230,400.48 $1,040.35 $0.00 $1,302.72 $232,743.55
146 $232,743.55 $1,040.35 $0.00 $1,315.97 $235,099.87
147 $235,099.87 $1,040.35 $0.00 $1,329.29 $237,469.51
148 $237,469.51 $1,040.35 $0.00 $1,342.69 $239,852.55
149 $239,852.55 $1,040.35 $0.00 $1,356.16 $242,249.06
150 $242,249.06 $1,040.35 $0.00 $1,369.71 $244,659.12
151 $244,659.12 $1,040.35 $0.00 $1,383.34 $247,082.81
152 $247,082.81 $1,040.35 $0.00 $1,397.04 $249,520.20
153 $249,520.20 $1,040.35 $0.00 $1,410.82 $251,971.37
154 $251,971.37 $1,040.35 $0.00 $1,424.68 $254,436.40
155 $254,436.40 $1,040.35 $0.00 $1,438.62 $256,915.37
156 $256,915.37 $1,040.35 $0.00 $1,452.64 $259,408.36
157 $259,408.36 $1,040.35 $0.00 $1,466.73 $261,915.44
158 $261,915.44 $1,040.35 $0.00 $1,480.91 $264,436.70
159 $264,436.70 $1,040.35 $0.00 $1,495.16 $266,972.21
160 $266,972.21 $1,040.35 $0.00 $1,509.50 $269,522.06
161 $269,522.06 $1,040.35 $0.00 $1,523.92 $272,086.33
162 $272,086.33 $1,040.35 $0.00 $1,538.42 $274,665.10
163 $274,665.10 $1,040.35 $0.00 $1,553.00 $277,258.45
164 $277,258.45 $1,040.35 $0.00 $1,567.66 $279,866.46
165 $279,866.46 $1,040.35 $0.00 $1,582.41 $282,489.22
166 $282,489.22 $1,040.35 $0.00 $1,597.24 $285,126.81
167 $285,126.81 $1,040.35 $0.00 $1,612.15 $287,779.31
168 $287,779.31 $1,040.35 $0.00 $1,627.15 $290,446.81
169 $290,446.81 $1,040.35 $0.00 $1,642.23 $293,129.39
170 $293,129.39 $1,040.35 $0.00 $1,657.40 $295,827.14
171 $295,827.14 $1,040.35 $0.00 $1,672.65 $298,540.14
172 $298,540.14 $1,040.35 $0.00 $1,687.99 $301,268.48
173 $301,268.48 $1,040.35 $0.00 $1,703.42 $304,012.25
174 $304,012.25 $1,040.35 $0.00 $1,718.93 $306,771.53
175 $306,771.53 $1,040.35 $0.00 $1,734.53 $309,546.41
176 $309,546.41 $1,040.35 $0.00 $1,750.22 $312,336.98
177 $312,336.98 $1,040.35 $0.00 $1,766.00 $315,143.33
178 $315,143.33 $1,040.35 $0.00 $1,781.87 $317,965.55
179 $317,965.55 $1,040.35 $0.00 $1,797.82 $320,803.72
180 $320,803.72 $1,040.35 $0.00 $1,813.87 $323,657.94
181 $323,657.94 $1,040.35 $0.00 $1,830.01 $326,528.30
182 $326,528.30 $1,040.35 $0.00 $1,846.24 $329,414.89
183 $329,414.89 $1,040.35 $0.00 $1,862.56 $332,317.80
184 $332,317.80 $1,040.35 $0.00 $1,878.97 $335,237.12
185 $335,237.12 $1,040.35 $0.00 $1,895.48 $338,172.95
186 $338,172.95 $1,040.35 $0.00 $1,912.08 $341,125.38
187 $341,125.38 $1,040.35 $0.00 $1,928.77 $344,094.50
188 $344,094.50 $1,040.35 $0.00 $1,945.56 $347,080.41
189 $347,080.41 $1,040.35 $0.00 $1,962.44 $350,083.20
190 $350,083.20 $1,040.35 $0.00 $1,979.42 $353,102.97
191 $353,102.97 $1,040.35 $0.00 $1,996.50 $356,139.82
192 $356,139.82 $1,040.35 $0.00 $2,013.67 $359,193.84
193 $359,193.84 $1,040.35 $0.00 $2,030.93 $362,265.12
194 $362,265.12 $1,040.35 $0.00 $2,048.30 $365,353.77
195 $365,353.77 $1,040.35 $0.00 $2,065.76 $368,459.88
196 $368,459.88 $1,040.35 $0.00 $2,083.33 $371,583.56
197 $371,583.56 $1,040.35 $0.00 $2,100.99 $374,724.90
198 $374,724.90 $1,040.35 $0.00 $2,118.75 $377,884.00
199 $377,884.00 $1,040.35 $0.00 $2,136.61 $381,060.96
200 $381,060.96 $1,040.35 $0.00 $2,154.57 $384,255.88
201 $384,255.88 $1,040.35 $0.00 $2,172.64 $387,468.87
202 $387,468.87 $1,040.35 $0.00 $2,190.81 $390,700.03
203 $390,700.03 $1,040.35 $0.00 $2,209.07 $393,949.45
204 $393,949.45 $1,040.35 $0.00 $2,227.45 $397,217.25
205 $397,217.25 $1,040.35 $0.00 $2,245.92 $400,503.52
206 $400,503.52 $1,040.35 $0.00 $2,264.51 $403,808.38
207 $403,808.38 $1,040.35 $0.00 $2,283.19 $407,131.92
208 $407,131.92 $1,040.35 $0.00 $2,301.98 $410,474.25
209 $410,474.25 $1,040.35 $0.00 $2,320.88 $413,835.48
210 $413,835.48 $1,040.35 $0.00 $2,339.89 $417,215.72
211 $417,215.72 $1,040.35 $0.00 $2,359.00 $420,615.07
212 $420,615.07 $1,040.35 $0.00 $2,378.22 $424,033.64
213 $424,033.64 $1,040.35 $0.00 $2,397.55 $427,471.54
214 $427,471.54 $1,040.35 $0.00 $2,416.99 $430,928.88
215 $430,928.88 $1,040.35 $0.00 $2,436.53 $434,405.76
216 $434,405.76 $1,040.35 $0.00 $2,456.19 $437,902.30
217 $437,902.30 $1,040.35 $118,591.68 $2,475.96 $322,826.93
218 $322,826.93 $1,040.35 $0.00 $1,825.31 $325,692.59
219 $325,692.59 $1,040.35 $0.00 $1,841.51 $328,574.45
220 $328,574.45 $1,040.35 $0.00 $1,857.81 $331,472.61
221 $331,472.61 $1,040.35 $0.00 $1,874.19 $334,387.15
222 $334,387.15 $1,040.35 $0.00 $1,890.67 $337,318.17
223 $337,318.17 $1,040.35 $0.00 $1,907.25 $340,265.77
224 $340,265.77 $1,040.35 $0.00 $1,923.91 $343,230.03
225 $343,230.03 $1,040.35 $0.00 $1,940.67 $346,211.05
226 $346,211.05 $1,040.35 $0.00 $1,957.53 $349,208.93
227 $349,208.93 $1,040.35 $0.00 $1,974.48 $352,223.76
228 $352,223.76 $1,040.35 $0.00 $1,991.52 $355,255.63
229 $355,255.63 $1,040.35 $126,893.10 $2,008.67 $231,411.55
230 $231,411.55 $1,040.35 $0.00 $1,308.43 $233,760.33
231 $233,760.33 $1,040.35 $0.00 $1,321.71 $236,122.39
232 $236,122.39 $1,040.35 $0.00 $1,335.07 $238,497.81
233 $238,497.81 $1,040.35 $0.00 $1,348.50 $240,886.66
234 $240,886.66 $1,040.35 $0.00 $1,362.01 $243,289.02
235 $243,289.02 $1,040.35 $0.00 $1,375.59 $245,704.96
236 $245,704.96 $1,040.35 $0.00 $1,389.25 $248,134.56
237 $248,134.56 $1,040.35 $0.00 $1,402.99 $250,577.90
238 $250,577.90 $1,040.35 $0.00 $1,416.80 $253,035.05
239 $253,035.05 $1,040.35 $0.00 $1,430.70 $255,506.10
240 $255,506.10 $1,040.35 $0.00 $1,444.67 $257,991.12
241 $257,991.12 $1,040.35 $135,775.62 $1,458.72 $124,714.57
242 $124,714.57 $1,040.35 $0.00 $705.15 $126,460.07
243 $126,460.07 $1,040.35 $0.00 $715.02 $128,215.44
244 $128,215.44 $1,040.35 $0.00 $724.95 $129,980.74
245 $129,980.74 $1,040.35 $0.00 $734.93 $131,756.02
246 $131,756.02 $1,040.35 $0.00 $744.97 $133,541.34
247 $133,541.34 $1,040.35 $0.00 $755.06 $135,336.75
248 $135,336.75 $1,040.35 $0.00 $765.21 $137,142.31
249 $137,142.31 $1,040.35 $0.00 $775.42 $138,958.08
250 $138,958.08 $1,040.35 $0.00 $785.69 $140,784.12
251 $140,784.12 $1,040.35 $0.00 $796.01 $142,620.48
252 $142,620.48 $1,040.35 $0.00 $806.40 $144,467.23
253 $144,467.23 $0.00 $145,279.91 $816.84 $4.16