Savings Plan and Future Cost Estimation for Motlow State Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$63,920
Monthly savings required$284

How much will it cost to send your child to Motlow State Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $127,839.31 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $283.99 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$18,272.00
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 $283.99 $0.00 $0.00 $283.99
2 $283.99 $283.99 $0.00 $1.61 $569.59
3 $569.59 $283.99 $0.00 $3.22 $856.80
4 $856.80 $283.99 $0.00 $4.84 $1,145.63
5 $1,145.63 $283.99 $0.00 $6.48 $1,436.10
6 $1,436.10 $283.99 $0.00 $8.12 $1,728.21
7 $1,728.21 $283.99 $0.00 $9.77 $2,021.97
8 $2,021.97 $283.99 $0.00 $11.43 $2,317.39
9 $2,317.39 $283.99 $0.00 $13.10 $2,614.48
10 $2,614.48 $283.99 $0.00 $14.78 $2,913.25
11 $2,913.25 $283.99 $0.00 $16.47 $3,213.71
12 $3,213.71 $283.99 $0.00 $18.17 $3,515.87
13 $3,515.87 $283.99 $0.00 $19.88 $3,819.74
14 $3,819.74 $283.99 $0.00 $21.60 $4,125.33
15 $4,125.33 $283.99 $0.00 $23.33 $4,432.65
16 $4,432.65 $283.99 $0.00 $25.06 $4,741.70
17 $4,741.70 $283.99 $0.00 $26.81 $5,052.50
18 $5,052.50 $283.99 $0.00 $28.57 $5,365.06
19 $5,365.06 $283.99 $0.00 $30.33 $5,679.38
20 $5,679.38 $283.99 $0.00 $32.11 $5,995.48
21 $5,995.48 $283.99 $0.00 $33.90 $6,313.37
22 $6,313.37 $283.99 $0.00 $35.70 $6,633.06
23 $6,633.06 $283.99 $0.00 $37.50 $6,954.55
24 $6,954.55 $283.99 $0.00 $39.32 $7,277.86
25 $7,277.86 $283.99 $0.00 $41.15 $7,603.00
26 $7,603.00 $283.99 $0.00 $42.99 $7,929.98
27 $7,929.98 $283.99 $0.00 $44.84 $8,258.81
28 $8,258.81 $283.99 $0.00 $46.70 $8,589.50
29 $8,589.50 $283.99 $0.00 $48.57 $8,922.06
30 $8,922.06 $283.99 $0.00 $50.45 $9,256.50
31 $9,256.50 $283.99 $0.00 $52.34 $9,592.83
32 $9,592.83 $283.99 $0.00 $54.24 $9,931.06
33 $9,931.06 $283.99 $0.00 $56.15 $10,271.20
34 $10,271.20 $283.99 $0.00 $58.07 $10,613.26
35 $10,613.26 $283.99 $0.00 $60.01 $10,957.26
36 $10,957.26 $283.99 $0.00 $61.95 $11,303.20
37 $11,303.20 $283.99 $0.00 $63.91 $11,651.10
38 $11,651.10 $283.99 $0.00 $65.88 $12,000.97
39 $12,000.97 $283.99 $0.00 $67.86 $12,352.82
40 $12,352.82 $283.99 $0.00 $69.84 $12,706.65
41 $12,706.65 $283.99 $0.00 $71.85 $13,062.49
42 $13,062.49 $283.99 $0.00 $73.86 $13,420.34
43 $13,420.34 $283.99 $0.00 $75.88 $13,780.21
44 $13,780.21 $283.99 $0.00 $77.92 $14,142.12
45 $14,142.12 $283.99 $0.00 $79.96 $14,506.07
46 $14,506.07 $283.99 $0.00 $82.02 $14,872.08
47 $14,872.08 $283.99 $0.00 $84.09 $15,240.16
48 $15,240.16 $283.99 $0.00 $86.17 $15,610.32
49 $15,610.32 $283.99 $0.00 $88.26 $15,982.57
50 $15,982.57 $283.99 $0.00 $90.37 $16,356.93
51 $16,356.93 $283.99 $0.00 $92.48 $16,733.40
52 $16,733.40 $283.99 $0.00 $94.61 $17,112.00
53 $17,112.00 $283.99 $0.00 $96.75 $17,492.74
54 $17,492.74 $283.99 $0.00 $98.91 $17,875.64
55 $17,875.64 $283.99 $0.00 $101.07 $18,260.70
56 $18,260.70 $283.99 $0.00 $103.25 $18,647.94
57 $18,647.94 $283.99 $0.00 $105.44 $19,037.37
58 $19,037.37 $283.99 $0.00 $107.64 $19,429.00
59 $19,429.00 $283.99 $0.00 $109.85 $19,822.84
60 $19,822.84 $283.99 $0.00 $112.08 $20,218.91
61 $20,218.91 $283.99 $0.00 $114.32 $20,617.22
62 $20,617.22 $283.99 $0.00 $116.57 $21,017.78
63 $21,017.78 $283.99 $0.00 $118.84 $21,420.61
64 $21,420.61 $283.99 $0.00 $121.12 $21,825.72
65 $21,825.72 $283.99 $0.00 $123.41 $22,233.12
66 $22,233.12 $283.99 $0.00 $125.71 $22,642.82
67 $22,642.82 $283.99 $0.00 $128.03 $23,054.84
68 $23,054.84 $283.99 $0.00 $130.36 $23,469.19
69 $23,469.19 $283.99 $0.00 $132.70 $23,885.88
70 $23,885.88 $283.99 $0.00 $135.05 $24,304.92
71 $24,304.92 $283.99 $0.00 $137.42 $24,726.33
72 $24,726.33 $283.99 $0.00 $139.81 $25,150.13
73 $25,150.13 $283.99 $0.00 $142.20 $25,576.32
74 $25,576.32 $283.99 $0.00 $144.61 $26,004.92
75 $26,004.92 $283.99 $0.00 $147.04 $26,435.95
76 $26,435.95 $283.99 $0.00 $149.47 $26,869.41
77 $26,869.41 $283.99 $0.00 $151.92 $27,305.32
78 $27,305.32 $283.99 $0.00 $154.39 $27,743.70
79 $27,743.70 $283.99 $0.00 $156.87 $28,184.56
80 $28,184.56 $283.99 $0.00 $159.36 $28,627.91
81 $28,627.91 $283.99 $0.00 $161.87 $29,073.77
82 $29,073.77 $283.99 $0.00 $164.39 $29,522.15
83 $29,522.15 $283.99 $0.00 $166.92 $29,973.06
84 $29,973.06 $283.99 $0.00 $169.47 $30,426.52
85 $30,426.52 $283.99 $0.00 $172.04 $30,882.55
86 $30,882.55 $283.99 $0.00 $174.61 $31,341.15
87 $31,341.15 $283.99 $0.00 $177.21 $31,802.35
88 $31,802.35 $283.99 $0.00 $179.82 $32,266.16
89 $32,266.16 $283.99 $0.00 $182.44 $32,732.59
90 $32,732.59 $283.99 $0.00 $185.07 $33,201.65
91 $33,201.65 $283.99 $0.00 $187.73 $33,673.37
92 $33,673.37 $283.99 $0.00 $190.39 $34,147.75
93 $34,147.75 $283.99 $0.00 $193.08 $34,624.82
94 $34,624.82 $283.99 $0.00 $195.77 $35,104.58
95 $35,104.58 $283.99 $0.00 $198.49 $35,587.06
96 $35,587.06 $283.99 $0.00 $201.21 $36,072.26
97 $36,072.26 $283.99 $0.00 $203.96 $36,560.21
98 $36,560.21 $283.99 $0.00 $206.72 $37,050.92
99 $37,050.92 $283.99 $0.00 $209.49 $37,544.40
100 $37,544.40 $283.99 $0.00 $212.28 $38,040.67
101 $38,040.67 $283.99 $0.00 $215.09 $38,539.75
102 $38,539.75 $283.99 $0.00 $217.91 $39,041.65
103 $39,041.65 $283.99 $0.00 $220.75 $39,546.39
104 $39,546.39 $283.99 $0.00 $223.60 $40,053.98
105 $40,053.98 $283.99 $0.00 $226.47 $40,564.44
106 $40,564.44 $283.99 $0.00 $229.36 $41,077.79
107 $41,077.79 $283.99 $0.00 $232.26 $41,594.04
108 $41,594.04 $283.99 $0.00 $235.18 $42,113.21
109 $42,113.21 $283.99 $0.00 $238.11 $42,635.31
110 $42,635.31 $283.99 $0.00 $241.07 $43,160.37
111 $43,160.37 $283.99 $0.00 $244.04 $43,688.40
112 $43,688.40 $283.99 $0.00 $247.02 $44,219.41
113 $44,219.41 $283.99 $0.00 $250.02 $44,753.42
114 $44,753.42 $283.99 $0.00 $253.04 $45,290.45
115 $45,290.45 $283.99 $0.00 $256.08 $45,830.52
116 $45,830.52 $283.99 $0.00 $259.13 $46,373.64
117 $46,373.64 $283.99 $0.00 $262.20 $46,919.83
118 $46,919.83 $283.99 $0.00 $265.29 $47,469.11
119 $47,469.11 $283.99 $0.00 $268.40 $48,021.50
120 $48,021.50 $283.99 $0.00 $271.52 $48,577.01
121 $48,577.01 $283.99 $0.00 $274.66 $49,135.66
122 $49,135.66 $283.99 $0.00 $277.82 $49,697.47
123 $49,697.47 $283.99 $0.00 $281.00 $50,262.46
124 $50,262.46 $283.99 $0.00 $284.19 $50,830.64
125 $50,830.64 $283.99 $0.00 $287.40 $51,402.03
126 $51,402.03 $283.99 $0.00 $290.63 $51,976.65
127 $51,976.65 $283.99 $0.00 $293.88 $52,554.52
128 $52,554.52 $283.99 $0.00 $297.15 $53,135.66
129 $53,135.66 $283.99 $0.00 $300.44 $53,720.09
130 $53,720.09 $283.99 $0.00 $303.74 $54,307.82
131 $54,307.82 $283.99 $0.00 $307.06 $54,898.87
132 $54,898.87 $283.99 $0.00 $310.41 $55,493.27
133 $55,493.27 $283.99 $0.00 $313.77 $56,091.03
134 $56,091.03 $283.99 $0.00 $317.15 $56,692.17
135 $56,692.17 $283.99 $0.00 $320.55 $57,296.71
136 $57,296.71 $283.99 $0.00 $323.96 $57,904.66
137 $57,904.66 $283.99 $0.00 $327.40 $58,516.05
138 $58,516.05 $283.99 $0.00 $330.86 $59,130.90
139 $59,130.90 $283.99 $0.00 $334.33 $59,749.22
140 $59,749.22 $283.99 $0.00 $337.83 $60,371.04
141 $60,371.04 $283.99 $0.00 $341.35 $60,996.38
142 $60,996.38 $283.99 $0.00 $344.88 $61,625.25
143 $61,625.25 $283.99 $0.00 $348.44 $62,257.68
144 $62,257.68 $283.99 $0.00 $352.01 $62,893.68
145 $62,893.68 $283.99 $0.00 $355.61 $63,533.28
146 $63,533.28 $283.99 $0.00 $359.23 $64,176.50
147 $64,176.50 $283.99 $0.00 $362.86 $64,823.35
148 $64,823.35 $283.99 $0.00 $366.52 $65,473.86
149 $65,473.86 $283.99 $0.00 $370.20 $66,128.05
150 $66,128.05 $283.99 $0.00 $373.90 $66,785.94
151 $66,785.94 $283.99 $0.00 $377.62 $67,447.55
152 $67,447.55 $283.99 $0.00 $381.36 $68,112.90
153 $68,112.90 $283.99 $0.00 $385.12 $68,782.01
154 $68,782.01 $283.99 $0.00 $388.90 $69,454.90
155 $69,454.90 $283.99 $0.00 $392.71 $70,131.60
156 $70,131.60 $283.99 $0.00 $396.53 $70,812.12
157 $70,812.12 $283.99 $0.00 $400.38 $71,496.49
158 $71,496.49 $283.99 $0.00 $404.25 $72,184.73
159 $72,184.73 $283.99 $0.00 $408.14 $72,876.86
160 $72,876.86 $283.99 $0.00 $412.06 $73,572.91
161 $73,572.91 $283.99 $0.00 $415.99 $74,272.89
162 $74,272.89 $283.99 $0.00 $419.95 $74,976.83
163 $74,976.83 $283.99 $0.00 $423.93 $75,684.75
164 $75,684.75 $283.99 $0.00 $427.93 $76,396.67
165 $76,396.67 $283.99 $0.00 $431.96 $77,112.62
166 $77,112.62 $283.99 $0.00 $436.01 $77,832.62
167 $77,832.62 $283.99 $0.00 $440.08 $78,556.69
168 $78,556.69 $283.99 $0.00 $444.17 $79,284.85
169 $79,284.85 $283.99 $0.00 $448.29 $80,017.13
170 $80,017.13 $283.99 $0.00 $452.43 $80,753.55
171 $80,753.55 $283.99 $0.00 $456.59 $81,494.13
172 $81,494.13 $283.99 $0.00 $460.78 $82,238.90
173 $82,238.90 $283.99 $0.00 $464.99 $82,987.88
174 $82,987.88 $283.99 $0.00 $469.23 $83,741.10
175 $83,741.10 $283.99 $0.00 $473.48 $84,498.57
176 $84,498.57 $283.99 $0.00 $477.77 $85,260.33
177 $85,260.33 $283.99 $0.00 $482.07 $86,026.39
178 $86,026.39 $283.99 $0.00 $486.41 $86,796.79
179 $86,796.79 $283.99 $0.00 $490.76 $87,571.54
180 $87,571.54 $283.99 $0.00 $495.14 $88,350.67
181 $88,350.67 $283.99 $0.00 $499.55 $89,134.21
182 $89,134.21 $283.99 $0.00 $503.98 $89,922.18
183 $89,922.18 $283.99 $0.00 $508.43 $90,714.60
184 $90,714.60 $283.99 $0.00 $512.91 $91,511.50
185 $91,511.50 $283.99 $0.00 $517.42 $92,312.91
186 $92,312.91 $283.99 $0.00 $521.95 $93,118.85
187 $93,118.85 $283.99 $0.00 $526.51 $93,929.35
188 $93,929.35 $283.99 $0.00 $531.09 $94,744.43
189 $94,744.43 $283.99 $0.00 $535.70 $95,564.12
190 $95,564.12 $283.99 $0.00 $540.33 $96,388.44
191 $96,388.44 $283.99 $0.00 $544.99 $97,217.42
192 $97,217.42 $283.99 $0.00 $549.68 $98,051.09
193 $98,051.09 $283.99 $0.00 $554.40 $98,889.48
194 $98,889.48 $283.99 $0.00 $559.14 $99,732.61
195 $99,732.61 $283.99 $0.00 $563.90 $100,580.50
196 $100,580.50 $283.99 $0.00 $568.70 $101,433.19
197 $101,433.19 $283.99 $0.00 $573.52 $102,290.70
198 $102,290.70 $283.99 $0.00 $578.37 $103,153.06
199 $103,153.06 $283.99 $0.00 $583.24 $104,020.29
200 $104,020.29 $283.99 $0.00 $588.15 $104,892.43
201 $104,892.43 $283.99 $0.00 $593.08 $105,769.50
202 $105,769.50 $283.99 $0.00 $598.04 $106,651.53
203 $106,651.53 $283.99 $0.00 $603.02 $107,538.54
204 $107,538.54 $283.99 $0.00 $608.04 $108,430.57
205 $108,430.57 $283.99 $0.00 $613.08 $109,327.64
206 $109,327.64 $283.99 $0.00 $618.15 $110,229.78
207 $110,229.78 $283.99 $0.00 $623.26 $111,137.03
208 $111,137.03 $283.99 $0.00 $628.38 $112,049.40
209 $112,049.40 $283.99 $0.00 $633.54 $112,966.93
210 $112,966.93 $283.99 $0.00 $638.73 $113,889.65
211 $113,889.65 $283.99 $0.00 $643.95 $114,817.59
212 $114,817.59 $283.99 $0.00 $649.20 $115,750.78
213 $115,750.78 $283.99 $0.00 $654.47 $116,689.24
214 $116,689.24 $283.99 $0.00 $659.78 $117,633.01
215 $117,633.01 $283.99 $0.00 $665.11 $118,582.11
216 $118,582.11 $283.99 $0.00 $670.48 $119,536.58
217 $119,536.58 $283.99 $61,758.12 $675.88 $58,738.33
218 $58,738.33 $283.99 $0.00 $332.12 $59,354.44
219 $59,354.44 $283.99 $0.00 $335.60 $59,974.03
220 $59,974.03 $283.99 $0.00 $339.10 $60,597.12
221 $60,597.12 $283.99 $0.00 $342.62 $61,223.73
222 $61,223.73 $283.99 $0.00 $346.17 $61,853.89
223 $61,853.89 $283.99 $0.00 $349.73 $62,487.61
224 $62,487.61 $283.99 $0.00 $353.31 $63,124.91
225 $63,124.91 $283.99 $0.00 $356.92 $63,765.82
226 $63,765.82 $283.99 $0.00 $360.54 $64,410.35
227 $64,410.35 $283.99 $0.00 $364.19 $65,058.53
228 $65,058.53 $283.99 $0.00 $367.85 $65,710.37
229 $65,710.37 $0.00 $66,081.19 $371.54 $0.72