Savings Plan and Future Cost Estimation for Technical College of the Lowcountry

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$66,417
Monthly savings required$295

How much will it cost to send your child to Technical College of the Lowcountry in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $132,834.79 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $295.08 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$18,986.00
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 $295.08 $0.00 $0.00 $295.08
2 $295.08 $295.08 $0.00 $1.67 $591.83
3 $591.83 $295.08 $0.00 $3.35 $890.26
4 $890.26 $295.08 $0.00 $5.03 $1,190.37
5 $1,190.37 $295.08 $0.00 $6.73 $1,492.18
6 $1,492.18 $295.08 $0.00 $8.44 $1,795.70
7 $1,795.70 $295.08 $0.00 $10.15 $2,100.93
8 $2,100.93 $295.08 $0.00 $11.88 $2,407.89
9 $2,407.89 $295.08 $0.00 $13.61 $2,716.58
10 $2,716.58 $295.08 $0.00 $15.36 $3,027.02
11 $3,027.02 $295.08 $0.00 $17.12 $3,339.22
12 $3,339.22 $295.08 $0.00 $18.88 $3,653.18
13 $3,653.18 $295.08 $0.00 $20.66 $3,968.92
14 $3,968.92 $295.08 $0.00 $22.44 $4,286.44
15 $4,286.44 $295.08 $0.00 $24.24 $4,605.76
16 $4,605.76 $295.08 $0.00 $26.04 $4,926.88
17 $4,926.88 $295.08 $0.00 $27.86 $5,249.82
18 $5,249.82 $295.08 $0.00 $29.68 $5,574.58
19 $5,574.58 $295.08 $0.00 $31.52 $5,901.18
20 $5,901.18 $295.08 $0.00 $33.37 $6,229.63
21 $6,229.63 $295.08 $0.00 $35.22 $6,559.93
22 $6,559.93 $295.08 $0.00 $37.09 $6,892.10
23 $6,892.10 $295.08 $0.00 $38.97 $7,226.15
24 $7,226.15 $295.08 $0.00 $40.86 $7,562.09
25 $7,562.09 $295.08 $0.00 $42.76 $7,899.93
26 $7,899.93 $295.08 $0.00 $44.67 $8,239.68
27 $8,239.68 $295.08 $0.00 $46.59 $8,581.35
28 $8,581.35 $295.08 $0.00 $48.52 $8,924.95
29 $8,924.95 $295.08 $0.00 $50.46 $9,270.49
30 $9,270.49 $295.08 $0.00 $52.42 $9,617.99
31 $9,617.99 $295.08 $0.00 $54.38 $9,967.45
32 $9,967.45 $295.08 $0.00 $56.36 $10,318.89
33 $10,318.89 $295.08 $0.00 $58.34 $10,672.31
34 $10,672.31 $295.08 $0.00 $60.34 $11,027.73
35 $11,027.73 $295.08 $0.00 $62.35 $11,385.16
36 $11,385.16 $295.08 $0.00 $64.37 $11,744.61
37 $11,744.61 $295.08 $0.00 $66.41 $12,106.10
38 $12,106.10 $295.08 $0.00 $68.45 $12,469.63
39 $12,469.63 $295.08 $0.00 $70.51 $12,835.22
40 $12,835.22 $295.08 $0.00 $72.57 $13,202.87
41 $13,202.87 $295.08 $0.00 $74.65 $13,572.60
42 $13,572.60 $295.08 $0.00 $76.74 $13,944.42
43 $13,944.42 $295.08 $0.00 $78.84 $14,318.34
44 $14,318.34 $295.08 $0.00 $80.96 $14,694.38
45 $14,694.38 $295.08 $0.00 $83.08 $15,072.54
46 $15,072.54 $295.08 $0.00 $85.22 $15,452.84
47 $15,452.84 $295.08 $0.00 $87.37 $15,835.29
48 $15,835.29 $295.08 $0.00 $89.54 $16,219.91
49 $16,219.91 $295.08 $0.00 $91.71 $16,606.70
50 $16,606.70 $295.08 $0.00 $93.90 $16,995.68
51 $16,995.68 $295.08 $0.00 $96.10 $17,386.86
52 $17,386.86 $295.08 $0.00 $98.31 $17,780.25
53 $17,780.25 $295.08 $0.00 $100.53 $18,175.86
54 $18,175.86 $295.08 $0.00 $102.77 $18,573.71
55 $18,573.71 $295.08 $0.00 $105.02 $18,973.81
56 $18,973.81 $295.08 $0.00 $107.28 $19,376.17
57 $19,376.17 $295.08 $0.00 $109.56 $19,780.81
58 $19,780.81 $295.08 $0.00 $111.84 $20,187.73
59 $20,187.73 $295.08 $0.00 $114.14 $20,596.95
60 $20,596.95 $295.08 $0.00 $116.46 $21,008.49
61 $21,008.49 $295.08 $0.00 $118.79 $21,422.36
62 $21,422.36 $295.08 $0.00 $121.13 $21,838.57
63 $21,838.57 $295.08 $0.00 $123.48 $22,257.13
64 $22,257.13 $295.08 $0.00 $125.85 $22,678.06
65 $22,678.06 $295.08 $0.00 $128.23 $23,101.37
66 $23,101.37 $295.08 $0.00 $130.62 $23,527.07
67 $23,527.07 $295.08 $0.00 $133.03 $23,955.18
68 $23,955.18 $295.08 $0.00 $135.45 $24,385.71
69 $24,385.71 $295.08 $0.00 $137.88 $24,818.67
70 $24,818.67 $295.08 $0.00 $140.33 $25,254.08
71 $25,254.08 $295.08 $0.00 $142.79 $25,691.95
72 $25,691.95 $295.08 $0.00 $145.27 $26,132.30
73 $26,132.30 $295.08 $0.00 $147.76 $26,575.14
74 $26,575.14 $295.08 $0.00 $150.26 $27,020.48
75 $27,020.48 $295.08 $0.00 $152.78 $27,468.34
76 $27,468.34 $295.08 $0.00 $155.31 $27,918.73
77 $27,918.73 $295.08 $0.00 $157.86 $28,371.67
78 $28,371.67 $295.08 $0.00 $160.42 $28,827.17
79 $28,827.17 $295.08 $0.00 $162.99 $29,285.24
80 $29,285.24 $295.08 $0.00 $165.58 $29,745.90
81 $29,745.90 $295.08 $0.00 $168.19 $30,209.17
82 $30,209.17 $295.08 $0.00 $170.81 $30,675.06
83 $30,675.06 $295.08 $0.00 $173.44 $31,143.58
84 $31,143.58 $295.08 $0.00 $176.09 $31,614.75
85 $31,614.75 $295.08 $0.00 $178.75 $32,088.58
86 $32,088.58 $295.08 $0.00 $181.43 $32,565.09
87 $32,565.09 $295.08 $0.00 $184.13 $33,044.30
88 $33,044.30 $295.08 $0.00 $186.84 $33,526.22
89 $33,526.22 $295.08 $0.00 $189.56 $34,010.86
90 $34,010.86 $295.08 $0.00 $192.30 $34,498.24
91 $34,498.24 $295.08 $0.00 $195.06 $34,988.38
92 $34,988.38 $295.08 $0.00 $197.83 $35,481.29
93 $35,481.29 $295.08 $0.00 $200.62 $35,976.99
94 $35,976.99 $295.08 $0.00 $203.42 $36,475.49
95 $36,475.49 $295.08 $0.00 $206.24 $36,976.81
96 $36,976.81 $295.08 $0.00 $209.07 $37,480.96
97 $37,480.96 $295.08 $0.00 $211.92 $37,987.96
98 $37,987.96 $295.08 $0.00 $214.79 $38,497.83
99 $38,497.83 $295.08 $0.00 $217.67 $39,010.58
100 $39,010.58 $295.08 $0.00 $220.57 $39,526.23
101 $39,526.23 $295.08 $0.00 $223.49 $40,044.80
102 $40,044.80 $295.08 $0.00 $226.42 $40,566.30
103 $40,566.30 $295.08 $0.00 $229.37 $41,090.75
104 $41,090.75 $295.08 $0.00 $232.33 $41,618.16
105 $41,618.16 $295.08 $0.00 $235.32 $42,148.56
106 $42,148.56 $295.08 $0.00 $238.31 $42,681.95
107 $42,681.95 $295.08 $0.00 $241.33 $43,218.36
108 $43,218.36 $295.08 $0.00 $244.36 $43,757.80
109 $43,757.80 $295.08 $0.00 $247.41 $44,300.29
110 $44,300.29 $295.08 $0.00 $250.48 $44,845.85
111 $44,845.85 $295.08 $0.00 $253.56 $45,394.49
112 $45,394.49 $295.08 $0.00 $256.67 $45,946.24
113 $45,946.24 $295.08 $0.00 $259.79 $46,501.11
114 $46,501.11 $295.08 $0.00 $262.92 $47,059.11
115 $47,059.11 $295.08 $0.00 $266.08 $47,620.27
116 $47,620.27 $295.08 $0.00 $269.25 $48,184.60
117 $48,184.60 $295.08 $0.00 $272.44 $48,752.12
118 $48,752.12 $295.08 $0.00 $275.65 $49,322.85
119 $49,322.85 $295.08 $0.00 $278.88 $49,896.81
120 $49,896.81 $295.08 $0.00 $282.12 $50,474.01
121 $50,474.01 $295.08 $0.00 $285.39 $51,054.48
122 $51,054.48 $295.08 $0.00 $288.67 $51,638.23
123 $51,638.23 $295.08 $0.00 $291.97 $52,225.28
124 $52,225.28 $295.08 $0.00 $295.29 $52,815.65
125 $52,815.65 $295.08 $0.00 $298.63 $53,409.36
126 $53,409.36 $295.08 $0.00 $301.98 $54,006.42
127 $54,006.42 $295.08 $0.00 $305.36 $54,606.86
128 $54,606.86 $295.08 $0.00 $308.76 $55,210.70
129 $55,210.70 $295.08 $0.00 $312.17 $55,817.95
130 $55,817.95 $295.08 $0.00 $315.60 $56,428.63
131 $56,428.63 $295.08 $0.00 $319.06 $57,042.77
132 $57,042.77 $295.08 $0.00 $322.53 $57,660.38
133 $57,660.38 $295.08 $0.00 $326.02 $58,281.48
134 $58,281.48 $295.08 $0.00 $329.53 $58,906.09
135 $58,906.09 $295.08 $0.00 $333.06 $59,534.23
136 $59,534.23 $295.08 $0.00 $336.62 $60,165.93
137 $60,165.93 $295.08 $0.00 $340.19 $60,801.20
138 $60,801.20 $295.08 $0.00 $343.78 $61,440.06
139 $61,440.06 $295.08 $0.00 $347.39 $62,082.53
140 $62,082.53 $295.08 $0.00 $351.02 $62,728.63
141 $62,728.63 $295.08 $0.00 $354.68 $63,378.39
142 $63,378.39 $295.08 $0.00 $358.35 $64,031.82
143 $64,031.82 $295.08 $0.00 $362.05 $64,688.95
144 $64,688.95 $295.08 $0.00 $365.76 $65,349.79
145 $65,349.79 $295.08 $0.00 $369.50 $66,014.37
146 $66,014.37 $295.08 $0.00 $373.25 $66,682.70
147 $66,682.70 $295.08 $0.00 $377.03 $67,354.81
148 $67,354.81 $295.08 $0.00 $380.83 $68,030.72
149 $68,030.72 $295.08 $0.00 $384.66 $68,710.46
150 $68,710.46 $295.08 $0.00 $388.50 $69,394.04
151 $69,394.04 $295.08 $0.00 $392.36 $70,081.48
152 $70,081.48 $295.08 $0.00 $396.25 $70,772.81
153 $70,772.81 $295.08 $0.00 $400.16 $71,468.05
154 $71,468.05 $295.08 $0.00 $404.09 $72,167.22
155 $72,167.22 $295.08 $0.00 $408.04 $72,870.34
156 $72,870.34 $295.08 $0.00 $412.02 $73,577.44
157 $73,577.44 $295.08 $0.00 $416.02 $74,288.54
158 $74,288.54 $295.08 $0.00 $420.04 $75,003.66
159 $75,003.66 $295.08 $0.00 $424.08 $75,722.82
160 $75,722.82 $295.08 $0.00 $428.15 $76,446.05
161 $76,446.05 $295.08 $0.00 $432.24 $77,173.37
162 $77,173.37 $295.08 $0.00 $436.35 $77,904.80
163 $77,904.80 $295.08 $0.00 $440.49 $78,640.37
164 $78,640.37 $295.08 $0.00 $444.64 $79,380.09
165 $79,380.09 $295.08 $0.00 $448.83 $80,124.00
166 $80,124.00 $295.08 $0.00 $453.03 $80,872.11
167 $80,872.11 $295.08 $0.00 $457.26 $81,624.45
168 $81,624.45 $295.08 $0.00 $461.52 $82,381.05
169 $82,381.05 $295.08 $0.00 $465.79 $83,141.92
170 $83,141.92 $295.08 $0.00 $470.10 $83,907.10
171 $83,907.10 $295.08 $0.00 $474.42 $84,676.60
172 $84,676.60 $295.08 $0.00 $478.77 $85,450.45
173 $85,450.45 $295.08 $0.00 $483.15 $86,228.68
174 $86,228.68 $295.08 $0.00 $487.55 $87,011.31
175 $87,011.31 $295.08 $0.00 $491.97 $87,798.36
176 $87,798.36 $295.08 $0.00 $496.42 $88,589.86
177 $88,589.86 $295.08 $0.00 $500.90 $89,385.84
178 $89,385.84 $295.08 $0.00 $505.40 $90,186.32
179 $90,186.32 $295.08 $0.00 $509.93 $90,991.33
180 $90,991.33 $295.08 $0.00 $514.48 $91,800.89
181 $91,800.89 $295.08 $0.00 $519.06 $92,615.03
182 $92,615.03 $295.08 $0.00 $523.66 $93,433.77
183 $93,433.77 $295.08 $0.00 $528.29 $94,257.14
184 $94,257.14 $295.08 $0.00 $532.94 $95,085.16
185 $95,085.16 $295.08 $0.00 $537.63 $95,917.87
186 $95,917.87 $295.08 $0.00 $542.33 $96,755.28
187 $96,755.28 $295.08 $0.00 $547.07 $97,597.43
188 $97,597.43 $295.08 $0.00 $551.83 $98,444.34
189 $98,444.34 $295.08 $0.00 $556.62 $99,296.04
190 $99,296.04 $295.08 $0.00 $561.43 $100,152.55
191 $100,152.55 $295.08 $0.00 $566.28 $101,013.91
192 $101,013.91 $295.08 $0.00 $571.15 $101,880.14
193 $101,880.14 $295.08 $0.00 $576.05 $102,751.27
194 $102,751.27 $295.08 $0.00 $580.97 $103,627.32
195 $103,627.32 $295.08 $0.00 $585.92 $104,508.32
196 $104,508.32 $295.08 $0.00 $590.91 $105,394.31
197 $105,394.31 $295.08 $0.00 $595.91 $106,285.30
198 $106,285.30 $295.08 $0.00 $600.95 $107,181.33
199 $107,181.33 $295.08 $0.00 $606.02 $108,082.43
200 $108,082.43 $295.08 $0.00 $611.11 $108,988.62
201 $108,988.62 $295.08 $0.00 $616.24 $109,899.94
202 $109,899.94 $295.08 $0.00 $621.39 $110,816.41
203 $110,816.41 $295.08 $0.00 $626.57 $111,738.06
204 $111,738.06 $295.08 $0.00 $631.78 $112,664.92
205 $112,664.92 $295.08 $0.00 $637.02 $113,597.02
206 $113,597.02 $295.08 $0.00 $642.29 $114,534.39
207 $114,534.39 $295.08 $0.00 $647.59 $115,477.06
208 $115,477.06 $295.08 $0.00 $652.92 $116,425.06
209 $116,425.06 $295.08 $0.00 $658.28 $117,378.42
210 $117,378.42 $295.08 $0.00 $663.67 $118,337.17
211 $118,337.17 $295.08 $0.00 $669.10 $119,301.35
212 $119,301.35 $295.08 $0.00 $674.55 $120,270.98
213 $120,270.98 $295.08 $0.00 $680.03 $121,246.09
214 $121,246.09 $295.08 $0.00 $685.54 $122,226.71
215 $122,226.71 $295.08 $0.00 $691.09 $123,212.88
216 $123,212.88 $295.08 $0.00 $696.66 $124,204.62
217 $124,204.62 $295.08 $64,171.39 $702.27 $61,030.58
218 $61,030.58 $295.08 $0.00 $345.08 $61,670.74
219 $61,670.74 $295.08 $0.00 $348.70 $62,314.52
220 $62,314.52 $295.08 $0.00 $352.34 $62,961.94
221 $62,961.94 $295.08 $0.00 $356.00 $63,613.02
222 $63,613.02 $295.08 $0.00 $359.68 $64,267.78
223 $64,267.78 $295.08 $0.00 $363.38 $64,926.24
224 $64,926.24 $295.08 $0.00 $367.10 $65,588.42
225 $65,588.42 $295.08 $0.00 $370.85 $66,254.35
226 $66,254.35 $295.08 $0.00 $374.61 $66,924.04
227 $66,924.04 $295.08 $0.00 $378.40 $67,597.52
228 $67,597.52 $295.08 $0.00 $382.21 $68,274.81
229 $68,274.81 $0.00 $68,663.39 $386.04 -$2.54