Savings Plan and Future Cost Estimation for Colorado Technical University Sioux Falls

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$49,359
Monthly savings required$391

How much will it cost to send your child to Colorado Technical University Sioux Falls in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $197,436.44 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $390.72 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$19,034.00
Years until enrollment18
Annual Tuition Increase5%
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 $390.72 $0.00 $0.00 $390.72
2 $390.72 $390.72 $0.00 $2.21 $783.65
3 $783.65 $390.72 $0.00 $4.43 $1,178.80
4 $1,178.80 $390.72 $0.00 $6.67 $1,576.19
5 $1,576.19 $390.72 $0.00 $8.91 $1,975.82
6 $1,975.82 $390.72 $0.00 $11.17 $2,377.71
7 $2,377.71 $390.72 $0.00 $13.44 $2,781.87
8 $2,781.87 $390.72 $0.00 $15.73 $3,188.32
9 $3,188.32 $390.72 $0.00 $18.03 $3,597.07
10 $3,597.07 $390.72 $0.00 $20.34 $4,008.13
11 $4,008.13 $390.72 $0.00 $22.66 $4,421.51
12 $4,421.51 $390.72 $0.00 $25.00 $4,837.23
13 $4,837.23 $390.72 $0.00 $27.35 $5,255.30
14 $5,255.30 $390.72 $0.00 $29.71 $5,675.73
15 $5,675.73 $390.72 $0.00 $32.09 $6,098.54
16 $6,098.54 $390.72 $0.00 $34.48 $6,523.74
17 $6,523.74 $390.72 $0.00 $36.89 $6,951.35
18 $6,951.35 $390.72 $0.00 $39.30 $7,381.37
19 $7,381.37 $390.72 $0.00 $41.74 $7,813.83
20 $7,813.83 $390.72 $0.00 $44.18 $8,248.73
21 $8,248.73 $390.72 $0.00 $46.64 $8,686.09
22 $8,686.09 $390.72 $0.00 $49.11 $9,125.92
23 $9,125.92 $390.72 $0.00 $51.60 $9,568.24
24 $9,568.24 $390.72 $0.00 $54.10 $10,013.06
25 $10,013.06 $390.72 $0.00 $56.62 $10,460.40
26 $10,460.40 $390.72 $0.00 $59.14 $10,910.26
27 $10,910.26 $390.72 $0.00 $61.69 $11,362.67
28 $11,362.67 $390.72 $0.00 $64.25 $11,817.64
29 $11,817.64 $390.72 $0.00 $66.82 $12,275.18
30 $12,275.18 $390.72 $0.00 $69.41 $12,735.31
31 $12,735.31 $390.72 $0.00 $72.01 $13,198.04
32 $13,198.04 $390.72 $0.00 $74.62 $13,663.38
33 $13,663.38 $390.72 $0.00 $77.25 $14,131.35
34 $14,131.35 $390.72 $0.00 $79.90 $14,601.97
35 $14,601.97 $390.72 $0.00 $82.56 $15,075.25
36 $15,075.25 $390.72 $0.00 $85.24 $15,551.21
37 $15,551.21 $390.72 $0.00 $87.93 $16,029.86
38 $16,029.86 $390.72 $0.00 $90.64 $16,511.22
39 $16,511.22 $390.72 $0.00 $93.36 $16,995.30
40 $16,995.30 $390.72 $0.00 $96.09 $17,482.11
41 $17,482.11 $390.72 $0.00 $98.85 $17,971.68
42 $17,971.68 $390.72 $0.00 $101.61 $18,464.01
43 $18,464.01 $390.72 $0.00 $104.40 $18,959.13
44 $18,959.13 $390.72 $0.00 $107.20 $19,457.05
45 $19,457.05 $390.72 $0.00 $110.01 $19,957.78
46 $19,957.78 $390.72 $0.00 $112.84 $20,461.34
47 $20,461.34 $390.72 $0.00 $115.69 $20,967.75
48 $20,967.75 $390.72 $0.00 $118.55 $21,477.02
49 $21,477.02 $390.72 $0.00 $121.43 $21,989.17
50 $21,989.17 $390.72 $0.00 $124.33 $22,504.22
51 $22,504.22 $390.72 $0.00 $127.24 $23,022.18
52 $23,022.18 $390.72 $0.00 $130.17 $23,543.07
53 $23,543.07 $390.72 $0.00 $133.12 $24,066.91
54 $24,066.91 $390.72 $0.00 $136.08 $24,593.71
55 $24,593.71 $390.72 $0.00 $139.06 $25,123.49
56 $25,123.49 $390.72 $0.00 $142.05 $25,656.26
57 $25,656.26 $390.72 $0.00 $145.06 $26,192.04
58 $26,192.04 $390.72 $0.00 $148.09 $26,730.85
59 $26,730.85 $390.72 $0.00 $151.14 $27,272.71
60 $27,272.71 $390.72 $0.00 $154.20 $27,817.63
61 $27,817.63 $390.72 $0.00 $157.28 $28,365.63
62 $28,365.63 $390.72 $0.00 $160.38 $28,916.73
63 $28,916.73 $390.72 $0.00 $163.50 $29,470.95
64 $29,470.95 $390.72 $0.00 $166.63 $30,028.30
65 $30,028.30 $390.72 $0.00 $169.78 $30,588.80
66 $30,588.80 $390.72 $0.00 $172.95 $31,152.47
67 $31,152.47 $390.72 $0.00 $176.14 $31,719.33
68 $31,719.33 $390.72 $0.00 $179.35 $32,289.40
69 $32,289.40 $390.72 $0.00 $182.57 $32,862.69
70 $32,862.69 $390.72 $0.00 $185.81 $33,439.22
71 $33,439.22 $390.72 $0.00 $189.07 $34,019.01
72 $34,019.01 $390.72 $0.00 $192.35 $34,602.08
73 $34,602.08 $390.72 $0.00 $195.65 $35,188.45
74 $35,188.45 $390.72 $0.00 $198.96 $35,778.13
75 $35,778.13 $390.72 $0.00 $202.29 $36,371.14
76 $36,371.14 $390.72 $0.00 $205.65 $36,967.51
77 $36,967.51 $390.72 $0.00 $209.02 $37,567.25
78 $37,567.25 $390.72 $0.00 $212.41 $38,170.38
79 $38,170.38 $390.72 $0.00 $215.82 $38,776.92
80 $38,776.92 $390.72 $0.00 $219.25 $39,386.89
81 $39,386.89 $390.72 $0.00 $222.70 $40,000.31
82 $40,000.31 $390.72 $0.00 $226.17 $40,617.20
83 $40,617.20 $390.72 $0.00 $229.66 $41,237.58
84 $41,237.58 $390.72 $0.00 $233.16 $41,861.46
85 $41,861.46 $390.72 $0.00 $236.69 $42,488.87
86 $42,488.87 $390.72 $0.00 $240.24 $43,119.83
87 $43,119.83 $390.72 $0.00 $243.81 $43,754.36
88 $43,754.36 $390.72 $0.00 $247.39 $44,392.47
89 $44,392.47 $390.72 $0.00 $251.00 $45,034.19
90 $45,034.19 $390.72 $0.00 $254.63 $45,679.54
91 $45,679.54 $390.72 $0.00 $258.28 $46,328.54
92 $46,328.54 $390.72 $0.00 $261.95 $46,981.21
93 $46,981.21 $390.72 $0.00 $265.64 $47,637.57
94 $47,637.57 $390.72 $0.00 $269.35 $48,297.64
95 $48,297.64 $390.72 $0.00 $273.08 $48,961.44
96 $48,961.44 $390.72 $0.00 $276.84 $49,629.00
97 $49,629.00 $390.72 $0.00 $280.61 $50,300.33
98 $50,300.33 $390.72 $0.00 $284.41 $50,975.46
99 $50,975.46 $390.72 $0.00 $288.22 $51,654.40
100 $51,654.40 $390.72 $0.00 $292.06 $52,337.18
101 $52,337.18 $390.72 $0.00 $295.92 $53,023.82
102 $53,023.82 $390.72 $0.00 $299.80 $53,714.34
103 $53,714.34 $390.72 $0.00 $303.71 $54,408.77
104 $54,408.77 $390.72 $0.00 $307.64 $55,107.13
105 $55,107.13 $390.72 $0.00 $311.58 $55,809.43
106 $55,809.43 $390.72 $0.00 $315.55 $56,515.70
107 $56,515.70 $390.72 $0.00 $319.55 $57,225.97
108 $57,225.97 $390.72 $0.00 $323.56 $57,940.25
109 $57,940.25 $390.72 $0.00 $327.60 $58,658.57
110 $58,658.57 $390.72 $0.00 $331.66 $59,380.95
111 $59,380.95 $390.72 $0.00 $335.75 $60,107.42
112 $60,107.42 $390.72 $0.00 $339.86 $60,838.00
113 $60,838.00 $390.72 $0.00 $343.99 $61,572.71
114 $61,572.71 $390.72 $0.00 $348.14 $62,311.57
115 $62,311.57 $390.72 $0.00 $352.32 $63,054.61
116 $63,054.61 $390.72 $0.00 $356.52 $63,801.85
117 $63,801.85 $390.72 $0.00 $360.74 $64,553.31
118 $64,553.31 $390.72 $0.00 $364.99 $65,309.02
119 $65,309.02 $390.72 $0.00 $369.27 $66,069.01
120 $66,069.01 $390.72 $0.00 $373.56 $66,833.29
121 $66,833.29 $390.72 $0.00 $377.89 $67,601.90
122 $67,601.90 $390.72 $0.00 $382.23 $68,374.85
123 $68,374.85 $390.72 $0.00 $386.60 $69,152.17
124 $69,152.17 $390.72 $0.00 $391.00 $69,933.89
125 $69,933.89 $390.72 $0.00 $395.42 $70,720.03
126 $70,720.03 $390.72 $0.00 $399.86 $71,510.61
127 $71,510.61 $390.72 $0.00 $404.33 $72,305.66
128 $72,305.66 $390.72 $0.00 $408.83 $73,105.21
129 $73,105.21 $390.72 $0.00 $413.35 $73,909.28
130 $73,909.28 $390.72 $0.00 $417.89 $74,717.89
131 $74,717.89 $390.72 $0.00 $422.47 $75,531.08
132 $75,531.08 $390.72 $0.00 $427.06 $76,348.86
133 $76,348.86 $390.72 $0.00 $431.69 $77,171.27
134 $77,171.27 $390.72 $0.00 $436.34 $77,998.33
135 $77,998.33 $390.72 $0.00 $441.01 $78,830.06
136 $78,830.06 $390.72 $0.00 $445.72 $79,666.50
137 $79,666.50 $390.72 $0.00 $450.45 $80,507.67
138 $80,507.67 $390.72 $0.00 $455.20 $81,353.59
139 $81,353.59 $390.72 $0.00 $459.99 $82,204.30
140 $82,204.30 $390.72 $0.00 $464.80 $83,059.82
141 $83,059.82 $390.72 $0.00 $469.63 $83,920.17
142 $83,920.17 $390.72 $0.00 $474.50 $84,785.39
143 $84,785.39 $390.72 $0.00 $479.39 $85,655.50
144 $85,655.50 $390.72 $0.00 $484.31 $86,530.53
145 $86,530.53 $390.72 $0.00 $489.26 $87,410.51
146 $87,410.51 $390.72 $0.00 $494.23 $88,295.46
147 $88,295.46 $390.72 $0.00 $499.24 $89,185.42
148 $89,185.42 $390.72 $0.00 $504.27 $90,080.41
149 $90,080.41 $390.72 $0.00 $509.33 $90,980.46
150 $90,980.46 $390.72 $0.00 $514.42 $91,885.60
151 $91,885.60 $390.72 $0.00 $519.53 $92,795.85
152 $92,795.85 $390.72 $0.00 $524.68 $93,711.25
153 $93,711.25 $390.72 $0.00 $529.86 $94,631.83
154 $94,631.83 $390.72 $0.00 $535.06 $95,557.61
155 $95,557.61 $390.72 $0.00 $540.30 $96,488.63
156 $96,488.63 $390.72 $0.00 $545.56 $97,424.91
157 $97,424.91 $390.72 $0.00 $550.85 $98,366.48
158 $98,366.48 $390.72 $0.00 $556.18 $99,313.38
159 $99,313.38 $390.72 $0.00 $561.53 $100,265.63
160 $100,265.63 $390.72 $0.00 $566.92 $101,223.27
161 $101,223.27 $390.72 $0.00 $572.33 $102,186.32
162 $102,186.32 $390.72 $0.00 $577.78 $103,154.82
163 $103,154.82 $390.72 $0.00 $583.25 $104,128.79
164 $104,128.79 $390.72 $0.00 $588.76 $105,108.27
165 $105,108.27 $390.72 $0.00 $594.30 $106,093.29
166 $106,093.29 $390.72 $0.00 $599.87 $107,083.88
167 $107,083.88 $390.72 $0.00 $605.47 $108,080.07
168 $108,080.07 $390.72 $0.00 $611.10 $109,081.89
169 $109,081.89 $390.72 $0.00 $616.76 $110,089.37
170 $110,089.37 $390.72 $0.00 $622.46 $111,102.55
171 $111,102.55 $390.72 $0.00 $628.19 $112,121.46
172 $112,121.46 $390.72 $0.00 $633.95 $113,146.13
173 $113,146.13 $390.72 $0.00 $639.74 $114,176.59
174 $114,176.59 $390.72 $0.00 $645.57 $115,212.88
175 $115,212.88 $390.72 $0.00 $651.43 $116,255.03
176 $116,255.03 $390.72 $0.00 $657.32 $117,303.07
177 $117,303.07 $390.72 $0.00 $663.25 $118,357.04
178 $118,357.04 $390.72 $0.00 $669.21 $119,416.97
179 $119,416.97 $390.72 $0.00 $675.20 $120,482.89
180 $120,482.89 $390.72 $0.00 $681.23 $121,554.84
181 $121,554.84 $390.72 $0.00 $687.29 $122,632.85
182 $122,632.85 $390.72 $0.00 $693.38 $123,716.95
183 $123,716.95 $390.72 $0.00 $699.51 $124,807.18
184 $124,807.18 $390.72 $0.00 $705.68 $125,903.58
185 $125,903.58 $390.72 $0.00 $711.88 $127,006.18
186 $127,006.18 $390.72 $0.00 $718.11 $128,115.01
187 $128,115.01 $390.72 $0.00 $724.38 $129,230.11
188 $129,230.11 $390.72 $0.00 $730.69 $130,351.52
189 $130,351.52 $390.72 $0.00 $737.03 $131,479.27
190 $131,479.27 $390.72 $0.00 $743.40 $132,613.39
191 $132,613.39 $390.72 $0.00 $749.82 $133,753.93
192 $133,753.93 $390.72 $0.00 $756.26 $134,900.91
193 $134,900.91 $390.72 $0.00 $762.75 $136,054.38
194 $136,054.38 $390.72 $0.00 $769.27 $137,214.37
195 $137,214.37 $390.72 $0.00 $775.83 $138,380.92
196 $138,380.92 $390.72 $0.00 $782.43 $139,554.07
197 $139,554.07 $390.72 $0.00 $789.06 $140,733.85
198 $140,733.85 $390.72 $0.00 $795.73 $141,920.30
199 $141,920.30 $390.72 $0.00 $802.44 $143,113.46
200 $143,113.46 $390.72 $0.00 $809.18 $144,313.36
201 $144,313.36 $390.72 $0.00 $815.97 $145,520.05
202 $145,520.05 $390.72 $0.00 $822.79 $146,733.56
203 $146,733.56 $390.72 $0.00 $829.65 $147,953.93
204 $147,953.93 $390.72 $0.00 $836.55 $149,181.20
205 $149,181.20 $390.72 $0.00 $843.49 $150,415.41
206 $150,415.41 $390.72 $0.00 $850.47 $151,656.60
207 $151,656.60 $390.72 $0.00 $857.49 $152,904.81
208 $152,904.81 $390.72 $0.00 $864.55 $154,160.08
209 $154,160.08 $390.72 $0.00 $871.64 $155,422.44
210 $155,422.44 $390.72 $0.00 $878.78 $156,691.94
211 $156,691.94 $390.72 $0.00 $885.96 $157,968.62
212 $157,968.62 $390.72 $0.00 $893.18 $159,252.52
213 $159,252.52 $390.72 $0.00 $900.44 $160,543.68
214 $160,543.68 $390.72 $0.00 $907.74 $161,842.14
215 $161,842.14 $390.72 $0.00 $915.08 $163,147.94
216 $163,147.94 $390.72 $0.00 $922.46 $164,461.12
217 $164,461.12 $390.72 $45,807.59 $929.89 $119,974.14
218 $119,974.14 $390.72 $0.00 $678.35 $121,043.21
219 $121,043.21 $390.72 $0.00 $684.40 $122,118.33
220 $122,118.33 $390.72 $0.00 $690.47 $123,199.52
221 $123,199.52 $390.72 $0.00 $696.59 $124,286.83
222 $124,286.83 $390.72 $0.00 $702.74 $125,380.29
223 $125,380.29 $390.72 $0.00 $708.92 $126,479.93
224 $126,479.93 $390.72 $0.00 $715.14 $127,585.79
225 $127,585.79 $390.72 $0.00 $721.39 $128,697.90
226 $128,697.90 $390.72 $0.00 $727.68 $129,816.30
227 $129,816.30 $390.72 $0.00 $734.00 $130,941.02
228 $130,941.02 $390.72 $0.00 $740.36 $132,072.10
229 $132,072.10 $390.72 $48,097.97 $746.75 $85,111.60
230 $85,111.60 $390.72 $0.00 $481.23 $85,983.55
231 $85,983.55 $390.72 $0.00 $486.16 $86,860.43
232 $86,860.43 $390.72 $0.00 $491.12 $87,742.27
233 $87,742.27 $390.72 $0.00 $496.11 $88,629.10
234 $88,629.10 $390.72 $0.00 $501.12 $89,520.94
235 $89,520.94 $390.72 $0.00 $506.16 $90,417.82
236 $90,417.82 $390.72 $0.00 $511.24 $91,319.78
237 $91,319.78 $390.72 $0.00 $516.34 $92,226.84
238 $92,226.84 $390.72 $0.00 $521.46 $93,139.02
239 $93,139.02 $390.72 $0.00 $526.62 $94,056.36
240 $94,056.36 $390.72 $0.00 $531.81 $94,978.89
241 $94,978.89 $390.72 $50,502.87 $537.02 $45,403.76
242 $45,403.76 $390.72 $0.00 $256.72 $46,051.20
243 $46,051.20 $390.72 $0.00 $260.38 $46,702.30
244 $46,702.30 $390.72 $0.00 $264.06 $47,357.08
245 $47,357.08 $390.72 $0.00 $267.76 $48,015.56
246 $48,015.56 $390.72 $0.00 $271.49 $48,677.77
247 $48,677.77 $390.72 $0.00 $275.23 $49,343.72
248 $49,343.72 $390.72 $0.00 $279.00 $50,013.44
249 $50,013.44 $390.72 $0.00 $282.78 $50,686.94
250 $50,686.94 $390.72 $0.00 $286.59 $51,364.25
251 $51,364.25 $390.72 $0.00 $290.42 $52,045.39
252 $52,045.39 $390.72 $0.00 $294.27 $52,730.38
253 $52,730.38 $0.00 $53,028.01 $298.15 $0.52