Savings Plan and Future Cost Estimation for Golf Academy of America Myrtle Beach

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$98,727
Monthly savings required$439

How much will it cost to send your child to Golf Academy of America Myrtle Beach in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $197,454.09 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $438.64 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$28,222.00
Years until enrollment18
Annual Tuition Increase7%
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 $438.64 $0.00 $0.00 $438.64
2 $438.64 $438.64 $0.00 $2.48 $879.76
3 $879.76 $438.64 $0.00 $4.97 $1,323.37
4 $1,323.37 $438.64 $0.00 $7.48 $1,769.49
5 $1,769.49 $438.64 $0.00 $10.00 $2,218.13
6 $2,218.13 $438.64 $0.00 $12.54 $2,669.31
7 $2,669.31 $438.64 $0.00 $15.09 $3,123.04
8 $3,123.04 $438.64 $0.00 $17.66 $3,579.34
9 $3,579.34 $438.64 $0.00 $20.24 $4,038.22
10 $4,038.22 $438.64 $0.00 $22.83 $4,499.69
11 $4,499.69 $438.64 $0.00 $25.44 $4,963.77
12 $4,963.77 $438.64 $0.00 $28.07 $5,430.48
13 $5,430.48 $438.64 $0.00 $30.70 $5,899.82
14 $5,899.82 $438.64 $0.00 $33.36 $6,371.82
15 $6,371.82 $438.64 $0.00 $36.03 $6,846.49
16 $6,846.49 $438.64 $0.00 $38.71 $7,323.84
17 $7,323.84 $438.64 $0.00 $41.41 $7,803.89
18 $7,803.89 $438.64 $0.00 $44.12 $8,286.65
19 $8,286.65 $438.64 $0.00 $46.85 $8,772.14
20 $8,772.14 $438.64 $0.00 $49.60 $9,260.38
21 $9,260.38 $438.64 $0.00 $52.36 $9,751.38
22 $9,751.38 $438.64 $0.00 $55.14 $10,245.16
23 $10,245.16 $438.64 $0.00 $57.93 $10,741.73
24 $10,741.73 $438.64 $0.00 $60.74 $11,241.11
25 $11,241.11 $438.64 $0.00 $63.56 $11,743.31
26 $11,743.31 $438.64 $0.00 $66.40 $12,248.35
27 $12,248.35 $438.64 $0.00 $69.25 $12,756.24
28 $12,756.24 $438.64 $0.00 $72.13 $13,267.01
29 $13,267.01 $438.64 $0.00 $75.01 $13,780.66
30 $13,780.66 $438.64 $0.00 $77.92 $14,297.22
31 $14,297.22 $438.64 $0.00 $80.84 $14,816.70
32 $14,816.70 $438.64 $0.00 $83.78 $15,339.12
33 $15,339.12 $438.64 $0.00 $86.73 $15,864.49
34 $15,864.49 $438.64 $0.00 $89.70 $16,392.83
35 $16,392.83 $438.64 $0.00 $92.69 $16,924.16
36 $16,924.16 $438.64 $0.00 $95.69 $17,458.49
37 $17,458.49 $438.64 $0.00 $98.71 $17,995.84
38 $17,995.84 $438.64 $0.00 $101.75 $18,536.23
39 $18,536.23 $438.64 $0.00 $104.81 $19,079.68
40 $19,079.68 $438.64 $0.00 $107.88 $19,626.20
41 $19,626.20 $438.64 $0.00 $110.97 $20,175.81
42 $20,175.81 $438.64 $0.00 $114.08 $20,728.53
43 $20,728.53 $438.64 $0.00 $117.20 $21,284.37
44 $21,284.37 $438.64 $0.00 $120.34 $21,843.35
45 $21,843.35 $438.64 $0.00 $123.51 $22,405.50
46 $22,405.50 $438.64 $0.00 $126.68 $22,970.82
47 $22,970.82 $438.64 $0.00 $129.88 $23,539.34
48 $23,539.34 $438.64 $0.00 $133.09 $24,111.07
49 $24,111.07 $438.64 $0.00 $136.33 $24,686.04
50 $24,686.04 $438.64 $0.00 $139.58 $25,264.26
51 $25,264.26 $438.64 $0.00 $142.85 $25,845.75
52 $25,845.75 $438.64 $0.00 $146.14 $26,430.53
53 $26,430.53 $438.64 $0.00 $149.44 $27,018.61
54 $27,018.61 $438.64 $0.00 $152.77 $27,610.02
55 $27,610.02 $438.64 $0.00 $156.11 $28,204.77
56 $28,204.77 $438.64 $0.00 $159.47 $28,802.88
57 $28,802.88 $438.64 $0.00 $162.86 $29,404.38
58 $29,404.38 $438.64 $0.00 $166.26 $30,009.28
59 $30,009.28 $438.64 $0.00 $169.68 $30,617.60
60 $30,617.60 $438.64 $0.00 $173.12 $31,229.36
61 $31,229.36 $438.64 $0.00 $176.58 $31,844.58
62 $31,844.58 $438.64 $0.00 $180.05 $32,463.27
63 $32,463.27 $438.64 $0.00 $183.55 $33,085.46
64 $33,085.46 $438.64 $0.00 $187.07 $33,711.17
65 $33,711.17 $438.64 $0.00 $190.61 $34,340.42
66 $34,340.42 $438.64 $0.00 $194.17 $34,973.23
67 $34,973.23 $438.64 $0.00 $197.74 $35,609.61
68 $35,609.61 $438.64 $0.00 $201.34 $36,249.59
69 $36,249.59 $438.64 $0.00 $204.96 $36,893.19
70 $36,893.19 $438.64 $0.00 $208.60 $37,540.43
71 $37,540.43 $438.64 $0.00 $212.26 $38,191.33
72 $38,191.33 $438.64 $0.00 $215.94 $38,845.91
73 $38,845.91 $438.64 $0.00 $219.64 $39,504.19
74 $39,504.19 $438.64 $0.00 $223.36 $40,166.19
75 $40,166.19 $438.64 $0.00 $227.11 $40,831.94
76 $40,831.94 $438.64 $0.00 $230.87 $41,501.45
77 $41,501.45 $438.64 $0.00 $234.66 $42,174.75
78 $42,174.75 $438.64 $0.00 $238.46 $42,851.85
79 $42,851.85 $438.64 $0.00 $242.29 $43,532.78
80 $43,532.78 $438.64 $0.00 $246.14 $44,217.56
81 $44,217.56 $438.64 $0.00 $250.01 $44,906.21
82 $44,906.21 $438.64 $0.00 $253.91 $45,598.76
83 $45,598.76 $438.64 $0.00 $257.82 $46,295.22
84 $46,295.22 $438.64 $0.00 $261.76 $46,995.62
85 $46,995.62 $438.64 $0.00 $265.72 $47,699.98
86 $47,699.98 $438.64 $0.00 $269.70 $48,408.32
87 $48,408.32 $438.64 $0.00 $273.71 $49,120.67
88 $49,120.67 $438.64 $0.00 $277.74 $49,837.05
89 $49,837.05 $438.64 $0.00 $281.79 $50,557.48
90 $50,557.48 $438.64 $0.00 $285.86 $51,281.98
91 $51,281.98 $438.64 $0.00 $289.96 $52,010.58
92 $52,010.58 $438.64 $0.00 $294.08 $52,743.30
93 $52,743.30 $438.64 $0.00 $298.22 $53,480.16
94 $53,480.16 $438.64 $0.00 $302.38 $54,221.18
95 $54,221.18 $438.64 $0.00 $306.57 $54,966.39
96 $54,966.39 $438.64 $0.00 $310.79 $55,715.82
97 $55,715.82 $438.64 $0.00 $315.03 $56,469.49
98 $56,469.49 $438.64 $0.00 $319.29 $57,227.42
99 $57,227.42 $438.64 $0.00 $323.57 $57,989.63
100 $57,989.63 $438.64 $0.00 $327.88 $58,756.15
101 $58,756.15 $438.64 $0.00 $332.22 $59,527.01
102 $59,527.01 $438.64 $0.00 $336.57 $60,302.22
103 $60,302.22 $438.64 $0.00 $340.96 $61,081.82
104 $61,081.82 $438.64 $0.00 $345.37 $61,865.83
105 $61,865.83 $438.64 $0.00 $349.80 $62,654.27
106 $62,654.27 $438.64 $0.00 $354.26 $63,447.17
107 $63,447.17 $438.64 $0.00 $358.74 $64,244.55
108 $64,244.55 $438.64 $0.00 $363.25 $65,046.44
109 $65,046.44 $438.64 $0.00 $367.78 $65,852.86
110 $65,852.86 $438.64 $0.00 $372.34 $66,663.84
111 $66,663.84 $438.64 $0.00 $376.93 $67,479.41
112 $67,479.41 $438.64 $0.00 $381.54 $68,299.59
113 $68,299.59 $438.64 $0.00 $386.18 $69,124.41
114 $69,124.41 $438.64 $0.00 $390.84 $69,953.89
115 $69,953.89 $438.64 $0.00 $395.53 $70,788.06
116 $70,788.06 $438.64 $0.00 $400.25 $71,626.95
117 $71,626.95 $438.64 $0.00 $404.99 $72,470.58
118 $72,470.58 $438.64 $0.00 $409.76 $73,318.98
119 $73,318.98 $438.64 $0.00 $414.56 $74,172.18
120 $74,172.18 $438.64 $0.00 $419.38 $75,030.20
121 $75,030.20 $438.64 $0.00 $424.23 $75,893.07
122 $75,893.07 $438.64 $0.00 $429.11 $76,760.82
123 $76,760.82 $438.64 $0.00 $434.02 $77,633.48
124 $77,633.48 $438.64 $0.00 $438.95 $78,511.07
125 $78,511.07 $438.64 $0.00 $443.91 $79,393.62
126 $79,393.62 $438.64 $0.00 $448.90 $80,281.16
127 $80,281.16 $438.64 $0.00 $453.92 $81,173.72
128 $81,173.72 $438.64 $0.00 $458.97 $82,071.33
129 $82,071.33 $438.64 $0.00 $464.04 $82,974.01
130 $82,974.01 $438.64 $0.00 $469.15 $83,881.80
131 $83,881.80 $438.64 $0.00 $474.28 $84,794.72
132 $84,794.72 $438.64 $0.00 $479.44 $85,712.80
133 $85,712.80 $438.64 $0.00 $484.63 $86,636.07
134 $86,636.07 $438.64 $0.00 $489.85 $87,564.56
135 $87,564.56 $438.64 $0.00 $495.10 $88,498.30
136 $88,498.30 $438.64 $0.00 $500.38 $89,437.32
137 $89,437.32 $438.64 $0.00 $505.69 $90,381.65
138 $90,381.65 $438.64 $0.00 $511.03 $91,331.32
139 $91,331.32 $438.64 $0.00 $516.40 $92,286.36
140 $92,286.36 $438.64 $0.00 $521.80 $93,246.80
141 $93,246.80 $438.64 $0.00 $527.23 $94,212.67
142 $94,212.67 $438.64 $0.00 $532.69 $95,184.00
143 $95,184.00 $438.64 $0.00 $538.18 $96,160.82
144 $96,160.82 $438.64 $0.00 $543.71 $97,143.17
145 $97,143.17 $438.64 $0.00 $549.26 $98,131.07
146 $98,131.07 $438.64 $0.00 $554.85 $99,124.56
147 $99,124.56 $438.64 $0.00 $560.46 $100,123.66
148 $100,123.66 $438.64 $0.00 $566.11 $101,128.41
149 $101,128.41 $438.64 $0.00 $571.79 $102,138.84
150 $102,138.84 $438.64 $0.00 $577.51 $103,154.99
151 $103,154.99 $438.64 $0.00 $583.25 $104,176.88
152 $104,176.88 $438.64 $0.00 $589.03 $105,204.55
153 $105,204.55 $438.64 $0.00 $594.84 $106,238.03
154 $106,238.03 $438.64 $0.00 $600.69 $107,277.36
155 $107,277.36 $438.64 $0.00 $606.56 $108,322.56
156 $108,322.56 $438.64 $0.00 $612.47 $109,373.67
157 $109,373.67 $438.64 $0.00 $618.41 $110,430.72
158 $110,430.72 $438.64 $0.00 $624.39 $111,493.75
159 $111,493.75 $438.64 $0.00 $630.40 $112,562.79
160 $112,562.79 $438.64 $0.00 $636.45 $113,637.88
161 $113,637.88 $438.64 $0.00 $642.53 $114,719.05
162 $114,719.05 $438.64 $0.00 $648.64 $115,806.33
163 $115,806.33 $438.64 $0.00 $654.79 $116,899.76
164 $116,899.76 $438.64 $0.00 $660.97 $117,999.37
165 $117,999.37 $438.64 $0.00 $667.19 $119,105.20
166 $119,105.20 $438.64 $0.00 $673.44 $120,217.28
167 $120,217.28 $438.64 $0.00 $679.73 $121,335.65
168 $121,335.65 $438.64 $0.00 $686.05 $122,460.34
169 $122,460.34 $438.64 $0.00 $692.41 $123,591.39
170 $123,591.39 $438.64 $0.00 $698.80 $124,728.83
171 $124,728.83 $438.64 $0.00 $705.23 $125,872.70
172 $125,872.70 $438.64 $0.00 $711.70 $127,023.04
173 $127,023.04 $438.64 $0.00 $718.21 $128,179.89
174 $128,179.89 $438.64 $0.00 $724.75 $129,343.28
175 $129,343.28 $438.64 $0.00 $731.33 $130,513.25
176 $130,513.25 $438.64 $0.00 $737.94 $131,689.83
177 $131,689.83 $438.64 $0.00 $744.59 $132,873.06
178 $132,873.06 $438.64 $0.00 $751.28 $134,062.98
179 $134,062.98 $438.64 $0.00 $758.01 $135,259.63
180 $135,259.63 $438.64 $0.00 $764.78 $136,463.05
181 $136,463.05 $438.64 $0.00 $771.58 $137,673.27
182 $137,673.27 $438.64 $0.00 $778.42 $138,890.33
183 $138,890.33 $438.64 $0.00 $785.31 $140,114.28
184 $140,114.28 $438.64 $0.00 $792.23 $141,345.15
185 $141,345.15 $438.64 $0.00 $799.19 $142,582.98
186 $142,582.98 $438.64 $0.00 $806.18 $143,827.80
187 $143,827.80 $438.64 $0.00 $813.22 $145,079.66
188 $145,079.66 $438.64 $0.00 $820.30 $146,338.60
189 $146,338.60 $438.64 $0.00 $827.42 $147,604.66
190 $147,604.66 $438.64 $0.00 $834.58 $148,877.88
191 $148,877.88 $438.64 $0.00 $841.78 $150,158.30
192 $150,158.30 $438.64 $0.00 $849.02 $151,445.96
193 $151,445.96 $438.64 $0.00 $856.30 $152,740.90
194 $152,740.90 $438.64 $0.00 $863.62 $154,043.16
195 $154,043.16 $438.64 $0.00 $870.98 $155,352.78
196 $155,352.78 $438.64 $0.00 $878.39 $156,669.81
197 $156,669.81 $438.64 $0.00 $885.83 $157,994.28
198 $157,994.28 $438.64 $0.00 $893.32 $159,326.24
199 $159,326.24 $438.64 $0.00 $900.85 $160,665.73
200 $160,665.73 $438.64 $0.00 $908.43 $162,012.80
201 $162,012.80 $438.64 $0.00 $916.04 $163,367.48
202 $163,367.48 $438.64 $0.00 $923.70 $164,729.82
203 $164,729.82 $438.64 $0.00 $931.41 $166,099.87
204 $166,099.87 $438.64 $0.00 $939.15 $167,477.66
205 $167,477.66 $438.64 $0.00 $946.94 $168,863.24
206 $168,863.24 $438.64 $0.00 $954.78 $170,256.66
207 $170,256.66 $438.64 $0.00 $962.66 $171,657.96
208 $171,657.96 $438.64 $0.00 $970.58 $173,067.18
209 $173,067.18 $438.64 $0.00 $978.55 $174,484.37
210 $174,484.37 $438.64 $0.00 $986.56 $175,909.57
211 $175,909.57 $438.64 $0.00 $994.62 $177,342.83
212 $177,342.83 $438.64 $0.00 $1,002.72 $178,784.19
213 $178,784.19 $438.64 $0.00 $1,010.87 $180,233.70
214 $180,233.70 $438.64 $0.00 $1,019.07 $181,691.41
215 $181,691.41 $438.64 $0.00 $1,027.31 $183,157.36
216 $183,157.36 $438.64 $0.00 $1,035.60 $184,631.60
217 $184,631.60 $438.64 $95,388.45 $1,043.93 $90,725.72
218 $90,725.72 $438.64 $0.00 $512.98 $91,677.34
219 $91,677.34 $438.64 $0.00 $518.36 $92,634.34
220 $92,634.34 $438.64 $0.00 $523.77 $93,596.75
221 $93,596.75 $438.64 $0.00 $529.21 $94,564.60
222 $94,564.60 $438.64 $0.00 $534.68 $95,537.92
223 $95,537.92 $438.64 $0.00 $540.19 $96,516.75
224 $96,516.75 $438.64 $0.00 $545.72 $97,501.11
225 $97,501.11 $438.64 $0.00 $551.29 $98,491.04
226 $98,491.04 $438.64 $0.00 $556.88 $99,486.56
227 $99,486.56 $438.64 $0.00 $562.51 $100,487.71
228 $100,487.71 $438.64 $0.00 $568.17 $101,494.52
229 $101,494.52 $0.00 $102,065.64 $573.86 $2.74