Savings Plan and Future Cost Estimation for Amarillo College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$58,704
Monthly savings required$261

How much will it cost to send your child to Amarillo College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $117,407.59 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $260.82 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$16,781.00
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 $260.82 $0.00 $0.00 $260.82
2 $260.82 $260.82 $0.00 $1.47 $523.11
3 $523.11 $260.82 $0.00 $2.96 $786.89
4 $786.89 $260.82 $0.00 $4.45 $1,052.16
5 $1,052.16 $260.82 $0.00 $5.95 $1,318.93
6 $1,318.93 $260.82 $0.00 $7.46 $1,587.21
7 $1,587.21 $260.82 $0.00 $8.97 $1,857.00
8 $1,857.00 $260.82 $0.00 $10.50 $2,128.32
9 $2,128.32 $260.82 $0.00 $12.03 $2,401.17
10 $2,401.17 $260.82 $0.00 $13.58 $2,675.57
11 $2,675.57 $260.82 $0.00 $15.13 $2,951.52
12 $2,951.52 $260.82 $0.00 $16.69 $3,229.03
13 $3,229.03 $260.82 $0.00 $18.26 $3,508.11
14 $3,508.11 $260.82 $0.00 $19.84 $3,788.77
15 $3,788.77 $260.82 $0.00 $21.42 $4,071.01
16 $4,071.01 $260.82 $0.00 $23.02 $4,354.85
17 $4,354.85 $260.82 $0.00 $24.62 $4,640.29
18 $4,640.29 $260.82 $0.00 $26.24 $4,927.35
19 $4,927.35 $260.82 $0.00 $27.86 $5,216.03
20 $5,216.03 $260.82 $0.00 $29.49 $5,506.34
21 $5,506.34 $260.82 $0.00 $31.13 $5,798.29
22 $5,798.29 $260.82 $0.00 $32.78 $6,091.89
23 $6,091.89 $260.82 $0.00 $34.44 $6,387.15
24 $6,387.15 $260.82 $0.00 $36.11 $6,684.08
25 $6,684.08 $260.82 $0.00 $37.79 $6,982.69
26 $6,982.69 $260.82 $0.00 $39.48 $7,282.99
27 $7,282.99 $260.82 $0.00 $41.18 $7,584.99
28 $7,584.99 $260.82 $0.00 $42.89 $7,888.70
29 $7,888.70 $260.82 $0.00 $44.60 $8,194.12
30 $8,194.12 $260.82 $0.00 $46.33 $8,501.27
31 $8,501.27 $260.82 $0.00 $48.07 $8,810.16
32 $8,810.16 $260.82 $0.00 $49.81 $9,120.79
33 $9,120.79 $260.82 $0.00 $51.57 $9,433.18
34 $9,433.18 $260.82 $0.00 $53.34 $9,747.34
35 $9,747.34 $260.82 $0.00 $55.11 $10,063.27
36 $10,063.27 $260.82 $0.00 $56.90 $10,380.99
37 $10,380.99 $260.82 $0.00 $58.70 $10,700.51
38 $10,700.51 $260.82 $0.00 $60.50 $11,021.83
39 $11,021.83 $260.82 $0.00 $62.32 $11,344.97
40 $11,344.97 $260.82 $0.00 $64.15 $11,669.94
41 $11,669.94 $260.82 $0.00 $65.98 $11,996.74
42 $11,996.74 $260.82 $0.00 $67.83 $12,325.39
43 $12,325.39 $260.82 $0.00 $69.69 $12,655.90
44 $12,655.90 $260.82 $0.00 $71.56 $12,988.28
45 $12,988.28 $260.82 $0.00 $73.44 $13,322.54
46 $13,322.54 $260.82 $0.00 $75.33 $13,658.69
47 $13,658.69 $260.82 $0.00 $77.23 $13,996.74
48 $13,996.74 $260.82 $0.00 $79.14 $14,336.70
49 $14,336.70 $260.82 $0.00 $81.06 $14,678.58
50 $14,678.58 $260.82 $0.00 $82.99 $15,022.39
51 $15,022.39 $260.82 $0.00 $84.94 $15,368.15
52 $15,368.15 $260.82 $0.00 $86.89 $15,715.86
53 $15,715.86 $260.82 $0.00 $88.86 $16,065.54
54 $16,065.54 $260.82 $0.00 $90.84 $16,417.20
55 $16,417.20 $260.82 $0.00 $92.83 $16,770.85
56 $16,770.85 $260.82 $0.00 $94.82 $17,126.49
57 $17,126.49 $260.82 $0.00 $96.84 $17,484.15
58 $17,484.15 $260.82 $0.00 $98.86 $17,843.83
59 $17,843.83 $260.82 $0.00 $100.89 $18,205.54
60 $18,205.54 $260.82 $0.00 $102.94 $18,569.30
61 $18,569.30 $260.82 $0.00 $104.99 $18,935.11
62 $18,935.11 $260.82 $0.00 $107.06 $19,302.99
63 $19,302.99 $260.82 $0.00 $109.14 $19,672.95
64 $19,672.95 $260.82 $0.00 $111.23 $20,045.00
65 $20,045.00 $260.82 $0.00 $113.34 $20,419.16
66 $20,419.16 $260.82 $0.00 $115.45 $20,795.43
67 $20,795.43 $260.82 $0.00 $117.58 $21,173.83
68 $21,173.83 $260.82 $0.00 $119.72 $21,554.37
69 $21,554.37 $260.82 $0.00 $121.87 $21,937.06
70 $21,937.06 $260.82 $0.00 $124.04 $22,321.92
71 $22,321.92 $260.82 $0.00 $126.21 $22,708.95
72 $22,708.95 $260.82 $0.00 $128.40 $23,098.17
73 $23,098.17 $260.82 $0.00 $130.60 $23,489.59
74 $23,489.59 $260.82 $0.00 $132.81 $23,883.22
75 $23,883.22 $260.82 $0.00 $135.04 $24,279.08
76 $24,279.08 $260.82 $0.00 $137.28 $24,677.18
77 $24,677.18 $260.82 $0.00 $139.53 $25,077.53
78 $25,077.53 $260.82 $0.00 $141.79 $25,480.14
79 $25,480.14 $260.82 $0.00 $144.07 $25,885.03
80 $25,885.03 $260.82 $0.00 $146.36 $26,292.21
81 $26,292.21 $260.82 $0.00 $148.66 $26,701.69
82 $26,701.69 $260.82 $0.00 $150.98 $27,113.49
83 $27,113.49 $260.82 $0.00 $153.30 $27,527.61
84 $27,527.61 $260.82 $0.00 $155.65 $27,944.08
85 $27,944.08 $260.82 $0.00 $158.00 $28,362.90
86 $28,362.90 $260.82 $0.00 $160.37 $28,784.09
87 $28,784.09 $260.82 $0.00 $162.75 $29,207.66
88 $29,207.66 $260.82 $0.00 $165.14 $29,633.62
89 $29,633.62 $260.82 $0.00 $167.55 $30,061.99
90 $30,061.99 $260.82 $0.00 $169.97 $30,492.78
91 $30,492.78 $260.82 $0.00 $172.41 $30,926.01
92 $30,926.01 $260.82 $0.00 $174.86 $31,361.69
93 $31,361.69 $260.82 $0.00 $177.32 $31,799.83
94 $31,799.83 $260.82 $0.00 $179.80 $32,240.45
95 $32,240.45 $260.82 $0.00 $182.29 $32,683.56
96 $32,683.56 $260.82 $0.00 $184.80 $33,129.18
97 $33,129.18 $260.82 $0.00 $187.32 $33,577.32
98 $33,577.32 $260.82 $0.00 $189.85 $34,027.99
99 $34,027.99 $260.82 $0.00 $192.40 $34,481.21
100 $34,481.21 $260.82 $0.00 $194.96 $34,936.99
101 $34,936.99 $260.82 $0.00 $197.54 $35,395.35
102 $35,395.35 $260.82 $0.00 $200.13 $35,856.30
103 $35,856.30 $260.82 $0.00 $202.74 $36,319.86
104 $36,319.86 $260.82 $0.00 $205.36 $36,786.04
105 $36,786.04 $260.82 $0.00 $207.99 $37,254.85
106 $37,254.85 $260.82 $0.00 $210.64 $37,726.31
107 $37,726.31 $260.82 $0.00 $213.31 $38,200.44
108 $38,200.44 $260.82 $0.00 $215.99 $38,677.25
109 $38,677.25 $260.82 $0.00 $218.69 $39,156.76
110 $39,156.76 $260.82 $0.00 $221.40 $39,638.98
111 $39,638.98 $260.82 $0.00 $224.12 $40,123.92
112 $40,123.92 $260.82 $0.00 $226.87 $40,611.61
113 $40,611.61 $260.82 $0.00 $229.62 $41,102.05
114 $41,102.05 $260.82 $0.00 $232.40 $41,595.27
115 $41,595.27 $260.82 $0.00 $235.19 $42,091.28
116 $42,091.28 $260.82 $0.00 $237.99 $42,590.09
117 $42,590.09 $260.82 $0.00 $240.81 $43,091.72
118 $43,091.72 $260.82 $0.00 $243.65 $43,596.19
119 $43,596.19 $260.82 $0.00 $246.50 $44,103.51
120 $44,103.51 $260.82 $0.00 $249.37 $44,613.70
121 $44,613.70 $260.82 $0.00 $252.25 $45,126.77
122 $45,126.77 $260.82 $0.00 $255.15 $45,642.74
123 $45,642.74 $260.82 $0.00 $258.07 $46,161.63
124 $46,161.63 $260.82 $0.00 $261.00 $46,683.45
125 $46,683.45 $260.82 $0.00 $263.96 $47,208.23
126 $47,208.23 $260.82 $0.00 $266.92 $47,735.97
127 $47,735.97 $260.82 $0.00 $269.91 $48,266.70
128 $48,266.70 $260.82 $0.00 $272.91 $48,800.43
129 $48,800.43 $260.82 $0.00 $275.92 $49,337.17
130 $49,337.17 $260.82 $0.00 $278.96 $49,876.95
131 $49,876.95 $260.82 $0.00 $282.01 $50,419.78
132 $50,419.78 $260.82 $0.00 $285.08 $50,965.68
133 $50,965.68 $260.82 $0.00 $288.17 $51,514.67
134 $51,514.67 $260.82 $0.00 $291.27 $52,066.76
135 $52,066.76 $260.82 $0.00 $294.39 $52,621.97
136 $52,621.97 $260.82 $0.00 $297.53 $53,180.32
137 $53,180.32 $260.82 $0.00 $300.69 $53,741.83
138 $53,741.83 $260.82 $0.00 $303.86 $54,306.51
139 $54,306.51 $260.82 $0.00 $307.06 $54,874.39
140 $54,874.39 $260.82 $0.00 $310.27 $55,445.48
141 $55,445.48 $260.82 $0.00 $313.50 $56,019.80
142 $56,019.80 $260.82 $0.00 $316.74 $56,597.36
143 $56,597.36 $260.82 $0.00 $320.01 $57,178.19
144 $57,178.19 $260.82 $0.00 $323.29 $57,762.30
145 $57,762.30 $260.82 $0.00 $326.60 $58,349.72
146 $58,349.72 $260.82 $0.00 $329.92 $58,940.46
147 $58,940.46 $260.82 $0.00 $333.26 $59,534.54
148 $59,534.54 $260.82 $0.00 $336.62 $60,131.98
149 $60,131.98 $260.82 $0.00 $339.99 $60,732.79
150 $60,732.79 $260.82 $0.00 $343.39 $61,337.00
151 $61,337.00 $260.82 $0.00 $346.81 $61,944.63
152 $61,944.63 $260.82 $0.00 $350.24 $62,555.69
153 $62,555.69 $260.82 $0.00 $353.70 $63,170.21
154 $63,170.21 $260.82 $0.00 $357.17 $63,788.20
155 $63,788.20 $260.82 $0.00 $360.67 $64,409.69
156 $64,409.69 $260.82 $0.00 $364.18 $65,034.69
157 $65,034.69 $260.82 $0.00 $367.72 $65,663.23
158 $65,663.23 $260.82 $0.00 $371.27 $66,295.32
159 $66,295.32 $260.82 $0.00 $374.84 $66,930.98
160 $66,930.98 $260.82 $0.00 $378.44 $67,570.24
161 $67,570.24 $260.82 $0.00 $382.05 $68,213.11
162 $68,213.11 $260.82 $0.00 $385.69 $68,859.62
163 $68,859.62 $260.82 $0.00 $389.34 $69,509.78
164 $69,509.78 $260.82 $0.00 $393.02 $70,163.62
165 $70,163.62 $260.82 $0.00 $396.72 $70,821.16
166 $70,821.16 $260.82 $0.00 $400.43 $71,482.41
167 $71,482.41 $260.82 $0.00 $404.17 $72,147.40
168 $72,147.40 $260.82 $0.00 $407.93 $72,816.15
169 $72,816.15 $260.82 $0.00 $411.71 $73,488.68
170 $73,488.68 $260.82 $0.00 $415.52 $74,165.02
171 $74,165.02 $260.82 $0.00 $419.34 $74,845.18
172 $74,845.18 $260.82 $0.00 $423.19 $75,529.19
173 $75,529.19 $260.82 $0.00 $427.05 $76,217.06
174 $76,217.06 $260.82 $0.00 $430.94 $76,908.82
175 $76,908.82 $260.82 $0.00 $434.85 $77,604.49
176 $77,604.49 $260.82 $0.00 $438.79 $78,304.10
177 $78,304.10 $260.82 $0.00 $442.74 $79,007.66
178 $79,007.66 $260.82 $0.00 $446.72 $79,715.20
179 $79,715.20 $260.82 $0.00 $450.72 $80,426.74
180 $80,426.74 $260.82 $0.00 $454.74 $81,142.30
181 $81,142.30 $260.82 $0.00 $458.79 $81,861.91
182 $81,861.91 $260.82 $0.00 $462.86 $82,585.59
183 $82,585.59 $260.82 $0.00 $466.95 $83,313.36
184 $83,313.36 $260.82 $0.00 $471.07 $84,045.25
185 $84,045.25 $260.82 $0.00 $475.20 $84,781.27
186 $84,781.27 $260.82 $0.00 $479.37 $85,521.46
187 $85,521.46 $260.82 $0.00 $483.55 $86,265.83
188 $86,265.83 $260.82 $0.00 $487.76 $87,014.41
189 $87,014.41 $260.82 $0.00 $491.99 $87,767.22
190 $87,767.22 $260.82 $0.00 $496.25 $88,524.29
191 $88,524.29 $260.82 $0.00 $500.53 $89,285.64
192 $89,285.64 $260.82 $0.00 $504.83 $90,051.29
193 $90,051.29 $260.82 $0.00 $509.16 $90,821.27
194 $90,821.27 $260.82 $0.00 $513.52 $91,595.61
195 $91,595.61 $260.82 $0.00 $517.89 $92,374.32
196 $92,374.32 $260.82 $0.00 $522.30 $93,157.44
197 $93,157.44 $260.82 $0.00 $526.73 $93,944.99
198 $93,944.99 $260.82 $0.00 $531.18 $94,736.99
199 $94,736.99 $260.82 $0.00 $535.66 $95,533.47
200 $95,533.47 $260.82 $0.00 $540.16 $96,334.45
201 $96,334.45 $260.82 $0.00 $544.69 $97,139.96
202 $97,139.96 $260.82 $0.00 $549.24 $97,950.02
203 $97,950.02 $260.82 $0.00 $553.82 $98,764.66
204 $98,764.66 $260.82 $0.00 $558.43 $99,583.91
205 $99,583.91 $260.82 $0.00 $563.06 $100,407.79
206 $100,407.79 $260.82 $0.00 $567.72 $101,236.33
207 $101,236.33 $260.82 $0.00 $572.40 $102,069.55
208 $102,069.55 $260.82 $0.00 $577.12 $102,907.49
209 $102,907.49 $260.82 $0.00 $581.85 $103,750.16
210 $103,750.16 $260.82 $0.00 $586.62 $104,597.60
211 $104,597.60 $260.82 $0.00 $591.41 $105,449.83
212 $105,449.83 $260.82 $0.00 $596.23 $106,306.88
213 $106,306.88 $260.82 $0.00 $601.07 $107,168.77
214 $107,168.77 $260.82 $0.00 $605.95 $108,035.54
215 $108,035.54 $260.82 $0.00 $610.85 $108,907.21
216 $108,907.21 $260.82 $0.00 $615.78 $109,783.81
217 $109,783.81 $260.82 $56,718.64 $620.73 $53,946.72
218 $53,946.72 $260.82 $0.00 $305.02 $54,512.56
219 $54,512.56 $260.82 $0.00 $308.22 $55,081.60
220 $55,081.60 $260.82 $0.00 $311.44 $55,653.86
221 $55,653.86 $260.82 $0.00 $314.68 $56,229.36
222 $56,229.36 $260.82 $0.00 $317.93 $56,808.11
223 $56,808.11 $260.82 $0.00 $321.20 $57,390.13
224 $57,390.13 $260.82 $0.00 $324.49 $57,975.44
225 $57,975.44 $260.82 $0.00 $327.80 $58,564.06
226 $58,564.06 $260.82 $0.00 $331.13 $59,156.01
227 $59,156.01 $260.82 $0.00 $334.48 $59,751.31
228 $59,751.31 $260.82 $0.00 $337.84 $60,349.97
229 $60,349.97 $0.00 $60,688.95 $341.23 $2.25