Savings Plan and Future Cost Estimation for Career Point College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$116,339
Monthly savings required$919

How much will it cost to send your child to Career Point College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $465,357.97 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $919.45 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$31,010.00
Years until enrollment18
Annual Tuition Increase7%
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 $919.45 $0.00 $0.00 $919.45
2 $919.45 $919.45 $0.00 $5.20 $1,844.10
3 $1,844.10 $919.45 $0.00 $10.43 $2,773.98
4 $2,773.98 $919.45 $0.00 $15.68 $3,709.11
5 $3,709.11 $919.45 $0.00 $20.97 $4,649.53
6 $4,649.53 $919.45 $0.00 $26.29 $5,595.27
7 $5,595.27 $919.45 $0.00 $31.64 $6,546.36
8 $6,546.36 $919.45 $0.00 $37.01 $7,502.82
9 $7,502.82 $919.45 $0.00 $42.42 $8,464.69
10 $8,464.69 $919.45 $0.00 $47.86 $9,432.00
11 $9,432.00 $919.45 $0.00 $53.33 $10,404.78
12 $10,404.78 $919.45 $0.00 $58.83 $11,383.06
13 $11,383.06 $919.45 $0.00 $64.36 $12,366.87
14 $12,366.87 $919.45 $0.00 $69.92 $13,356.24
15 $13,356.24 $919.45 $0.00 $75.52 $14,351.21
16 $14,351.21 $919.45 $0.00 $81.14 $15,351.80
17 $15,351.80 $919.45 $0.00 $86.80 $16,358.05
18 $16,358.05 $919.45 $0.00 $92.49 $17,369.99
19 $17,369.99 $919.45 $0.00 $98.21 $18,387.65
20 $18,387.65 $919.45 $0.00 $103.97 $19,411.07
21 $19,411.07 $919.45 $0.00 $109.75 $20,440.27
22 $20,440.27 $919.45 $0.00 $115.57 $21,475.29
23 $21,475.29 $919.45 $0.00 $121.42 $22,516.16
24 $22,516.16 $919.45 $0.00 $127.31 $23,562.92
25 $23,562.92 $919.45 $0.00 $133.23 $24,615.60
26 $24,615.60 $919.45 $0.00 $139.18 $25,674.23
27 $25,674.23 $919.45 $0.00 $145.17 $26,738.85
28 $26,738.85 $919.45 $0.00 $151.19 $27,809.49
29 $27,809.49 $919.45 $0.00 $157.24 $28,886.18
30 $28,886.18 $919.45 $0.00 $163.33 $29,968.96
31 $29,968.96 $919.45 $0.00 $169.45 $31,057.86
32 $31,057.86 $919.45 $0.00 $175.61 $32,152.92
33 $32,152.92 $919.45 $0.00 $181.80 $33,254.17
34 $33,254.17 $919.45 $0.00 $188.02 $34,361.64
35 $34,361.64 $919.45 $0.00 $194.29 $35,475.38
36 $35,475.38 $919.45 $0.00 $200.58 $36,595.41
37 $36,595.41 $919.45 $0.00 $206.92 $37,721.78
38 $37,721.78 $919.45 $0.00 $213.28 $38,854.51
39 $38,854.51 $919.45 $0.00 $219.69 $39,993.65
40 $39,993.65 $919.45 $0.00 $226.13 $41,139.23
41 $41,139.23 $919.45 $0.00 $232.61 $42,291.29
42 $42,291.29 $919.45 $0.00 $239.12 $43,449.86
43 $43,449.86 $919.45 $0.00 $245.67 $44,614.98
44 $44,614.98 $919.45 $0.00 $252.26 $45,786.69
45 $45,786.69 $919.45 $0.00 $258.88 $46,965.02
46 $46,965.02 $919.45 $0.00 $265.55 $48,150.02
47 $48,150.02 $919.45 $0.00 $272.25 $49,341.72
48 $49,341.72 $919.45 $0.00 $278.99 $50,540.16
49 $50,540.16 $919.45 $0.00 $285.76 $51,745.37
50 $51,745.37 $919.45 $0.00 $292.58 $52,957.40
51 $52,957.40 $919.45 $0.00 $299.43 $54,176.28
52 $54,176.28 $919.45 $0.00 $306.32 $55,402.05
53 $55,402.05 $919.45 $0.00 $313.25 $56,634.75
54 $56,634.75 $919.45 $0.00 $320.22 $57,874.42
55 $57,874.42 $919.45 $0.00 $327.23 $59,121.10
56 $59,121.10 $919.45 $0.00 $334.28 $60,374.83
57 $60,374.83 $919.45 $0.00 $341.37 $61,635.65
58 $61,635.65 $919.45 $0.00 $348.50 $62,903.60
59 $62,903.60 $919.45 $0.00 $355.67 $64,178.72
60 $64,178.72 $919.45 $0.00 $362.88 $65,461.05
61 $65,461.05 $919.45 $0.00 $370.13 $66,750.63
62 $66,750.63 $919.45 $0.00 $377.42 $68,047.50
63 $68,047.50 $919.45 $0.00 $384.75 $69,351.70
64 $69,351.70 $919.45 $0.00 $392.12 $70,663.27
65 $70,663.27 $919.45 $0.00 $399.54 $71,982.26
66 $71,982.26 $919.45 $0.00 $407.00 $73,308.71
67 $73,308.71 $919.45 $0.00 $414.50 $74,642.66
68 $74,642.66 $919.45 $0.00 $422.04 $75,984.15
69 $75,984.15 $919.45 $0.00 $429.63 $77,333.23
70 $77,333.23 $919.45 $0.00 $437.25 $78,689.93
71 $78,689.93 $919.45 $0.00 $444.92 $80,054.30
72 $80,054.30 $919.45 $0.00 $452.64 $81,426.39
73 $81,426.39 $919.45 $0.00 $460.40 $82,806.24
74 $82,806.24 $919.45 $0.00 $468.20 $84,193.89
75 $84,193.89 $919.45 $0.00 $476.04 $85,589.38
76 $85,589.38 $919.45 $0.00 $483.93 $86,992.76
77 $86,992.76 $919.45 $0.00 $491.87 $88,404.08
78 $88,404.08 $919.45 $0.00 $499.85 $89,823.38
79 $89,823.38 $919.45 $0.00 $507.87 $91,250.70
80 $91,250.70 $919.45 $0.00 $515.94 $92,686.09
81 $92,686.09 $919.45 $0.00 $524.06 $94,129.60
82 $94,129.60 $919.45 $0.00 $532.22 $95,581.27
83 $95,581.27 $919.45 $0.00 $540.43 $97,041.15
84 $97,041.15 $919.45 $0.00 $548.68 $98,509.28
85 $98,509.28 $919.45 $0.00 $556.99 $99,985.72
86 $99,985.72 $919.45 $0.00 $565.33 $101,470.50
87 $101,470.50 $919.45 $0.00 $573.73 $102,963.68
88 $102,963.68 $919.45 $0.00 $582.17 $104,465.30
89 $104,465.30 $919.45 $0.00 $590.66 $105,975.41
90 $105,975.41 $919.45 $0.00 $599.20 $107,494.06
91 $107,494.06 $919.45 $0.00 $607.79 $109,021.30
92 $109,021.30 $919.45 $0.00 $616.42 $110,557.17
93 $110,557.17 $919.45 $0.00 $625.11 $112,101.73
94 $112,101.73 $919.45 $0.00 $633.84 $113,655.02
95 $113,655.02 $919.45 $0.00 $642.62 $115,217.09
96 $115,217.09 $919.45 $0.00 $651.45 $116,787.99
97 $116,787.99 $919.45 $0.00 $660.34 $118,367.78
98 $118,367.78 $919.45 $0.00 $669.27 $119,956.50
99 $119,956.50 $919.45 $0.00 $678.25 $121,554.20
100 $121,554.20 $919.45 $0.00 $687.29 $123,160.94
101 $123,160.94 $919.45 $0.00 $696.37 $124,776.76
102 $124,776.76 $919.45 $0.00 $705.51 $126,401.72
103 $126,401.72 $919.45 $0.00 $714.69 $128,035.86
104 $128,035.86 $919.45 $0.00 $723.93 $129,679.24
105 $129,679.24 $919.45 $0.00 $733.23 $131,331.92
106 $131,331.92 $919.45 $0.00 $742.57 $132,993.94
107 $132,993.94 $919.45 $0.00 $751.97 $134,665.36
108 $134,665.36 $919.45 $0.00 $761.42 $136,346.23
109 $136,346.23 $919.45 $0.00 $770.92 $138,036.60
110 $138,036.60 $919.45 $0.00 $780.48 $139,736.53
111 $139,736.53 $919.45 $0.00 $790.09 $141,446.07
112 $141,446.07 $919.45 $0.00 $799.76 $143,165.28
113 $143,165.28 $919.45 $0.00 $809.48 $144,894.21
114 $144,894.21 $919.45 $0.00 $819.25 $146,632.91
115 $146,632.91 $919.45 $0.00 $829.08 $148,381.44
116 $148,381.44 $919.45 $0.00 $838.97 $150,139.86
117 $150,139.86 $919.45 $0.00 $848.91 $151,908.22
118 $151,908.22 $919.45 $0.00 $858.91 $153,686.58
119 $153,686.58 $919.45 $0.00 $868.97 $155,475.00
120 $155,475.00 $919.45 $0.00 $879.08 $157,273.53
121 $157,273.53 $919.45 $0.00 $889.25 $159,082.23
122 $159,082.23 $919.45 $0.00 $899.47 $160,901.15
123 $160,901.15 $919.45 $0.00 $909.76 $162,730.36
124 $162,730.36 $919.45 $0.00 $920.10 $164,569.91
125 $164,569.91 $919.45 $0.00 $930.50 $166,419.86
126 $166,419.86 $919.45 $0.00 $940.96 $168,280.27
127 $168,280.27 $919.45 $0.00 $951.48 $170,151.20
128 $170,151.20 $919.45 $0.00 $962.06 $172,032.71
129 $172,032.71 $919.45 $0.00 $972.70 $173,924.86
130 $173,924.86 $919.45 $0.00 $983.40 $175,827.71
131 $175,827.71 $919.45 $0.00 $994.16 $177,741.32
132 $177,741.32 $919.45 $0.00 $1,004.98 $179,665.75
133 $179,665.75 $919.45 $0.00 $1,015.86 $181,601.06
134 $181,601.06 $919.45 $0.00 $1,026.80 $183,547.31
135 $183,547.31 $919.45 $0.00 $1,037.80 $185,504.56
136 $185,504.56 $919.45 $0.00 $1,048.87 $187,472.88
137 $187,472.88 $919.45 $0.00 $1,060.00 $189,452.33
138 $189,452.33 $919.45 $0.00 $1,071.19 $191,442.97
139 $191,442.97 $919.45 $0.00 $1,082.45 $193,444.87
140 $193,444.87 $919.45 $0.00 $1,093.77 $195,458.09
141 $195,458.09 $919.45 $0.00 $1,105.15 $197,482.69
142 $197,482.69 $919.45 $0.00 $1,116.60 $199,518.74
143 $199,518.74 $919.45 $0.00 $1,128.11 $201,566.30
144 $201,566.30 $919.45 $0.00 $1,139.69 $203,625.44
145 $203,625.44 $919.45 $0.00 $1,151.33 $205,696.22
146 $205,696.22 $919.45 $0.00 $1,163.04 $207,778.71
147 $207,778.71 $919.45 $0.00 $1,174.81 $209,872.97
148 $209,872.97 $919.45 $0.00 $1,186.65 $211,979.07
149 $211,979.07 $919.45 $0.00 $1,198.56 $214,097.08
150 $214,097.08 $919.45 $0.00 $1,210.54 $216,227.07
151 $216,227.07 $919.45 $0.00 $1,222.58 $218,369.10
152 $218,369.10 $919.45 $0.00 $1,234.69 $220,523.24
153 $220,523.24 $919.45 $0.00 $1,246.87 $222,689.56
154 $222,689.56 $919.45 $0.00 $1,259.12 $224,868.13
155 $224,868.13 $919.45 $0.00 $1,271.44 $227,059.02
156 $227,059.02 $919.45 $0.00 $1,283.82 $229,262.29
157 $229,262.29 $919.45 $0.00 $1,296.28 $231,478.02
158 $231,478.02 $919.45 $0.00 $1,308.81 $233,706.28
159 $233,706.28 $919.45 $0.00 $1,321.41 $235,947.14
160 $235,947.14 $919.45 $0.00 $1,334.08 $238,200.67
161 $238,200.67 $919.45 $0.00 $1,346.82 $240,466.94
162 $240,466.94 $919.45 $0.00 $1,359.64 $242,746.03
163 $242,746.03 $919.45 $0.00 $1,372.52 $245,038.00
164 $245,038.00 $919.45 $0.00 $1,385.48 $247,342.93
165 $247,342.93 $919.45 $0.00 $1,398.51 $249,660.89
166 $249,660.89 $919.45 $0.00 $1,411.62 $251,991.96
167 $251,991.96 $919.45 $0.00 $1,424.80 $254,336.21
168 $254,336.21 $919.45 $0.00 $1,438.05 $256,693.71
169 $256,693.71 $919.45 $0.00 $1,451.38 $259,064.54
170 $259,064.54 $919.45 $0.00 $1,464.79 $261,448.78
171 $261,448.78 $919.45 $0.00 $1,478.27 $263,846.50
172 $263,846.50 $919.45 $0.00 $1,491.83 $266,257.78
173 $266,257.78 $919.45 $0.00 $1,505.46 $268,682.69
174 $268,682.69 $919.45 $0.00 $1,519.17 $271,121.31
175 $271,121.31 $919.45 $0.00 $1,532.96 $273,573.72
176 $273,573.72 $919.45 $0.00 $1,546.83 $276,040.00
177 $276,040.00 $919.45 $0.00 $1,560.77 $278,520.22
178 $278,520.22 $919.45 $0.00 $1,574.79 $281,014.46
179 $281,014.46 $919.45 $0.00 $1,588.90 $283,522.81
180 $283,522.81 $919.45 $0.00 $1,603.08 $286,045.34
181 $286,045.34 $919.45 $0.00 $1,617.34 $288,582.13
182 $288,582.13 $919.45 $0.00 $1,631.69 $291,133.27
183 $291,133.27 $919.45 $0.00 $1,646.11 $293,698.83
184 $293,698.83 $919.45 $0.00 $1,660.62 $296,278.90
185 $296,278.90 $919.45 $0.00 $1,675.20 $298,873.55
186 $298,873.55 $919.45 $0.00 $1,689.87 $301,482.87
187 $301,482.87 $919.45 $0.00 $1,704.63 $304,106.95
188 $304,106.95 $919.45 $0.00 $1,719.46 $306,745.86
189 $306,745.86 $919.45 $0.00 $1,734.39 $309,399.70
190 $309,399.70 $919.45 $0.00 $1,749.39 $312,068.54
191 $312,068.54 $919.45 $0.00 $1,764.48 $314,752.47
192 $314,752.47 $919.45 $0.00 $1,779.66 $317,451.58
193 $317,451.58 $919.45 $0.00 $1,794.92 $320,165.95
194 $320,165.95 $919.45 $0.00 $1,810.26 $322,895.66
195 $322,895.66 $919.45 $0.00 $1,825.70 $325,640.81
196 $325,640.81 $919.45 $0.00 $1,841.22 $328,401.48
197 $328,401.48 $919.45 $0.00 $1,856.83 $331,177.76
198 $331,177.76 $919.45 $0.00 $1,872.53 $333,969.74
199 $333,969.74 $919.45 $0.00 $1,888.31 $336,777.50
200 $336,777.50 $919.45 $0.00 $1,904.19 $339,601.14
201 $339,601.14 $919.45 $0.00 $1,920.15 $342,440.74
202 $342,440.74 $919.45 $0.00 $1,936.21 $345,296.40
203 $345,296.40 $919.45 $0.00 $1,952.36 $348,168.21
204 $348,168.21 $919.45 $0.00 $1,968.59 $351,056.25
205 $351,056.25 $919.45 $0.00 $1,984.92 $353,960.62
206 $353,960.62 $919.45 $0.00 $2,001.34 $356,881.41
207 $356,881.41 $919.45 $0.00 $2,017.86 $359,818.72
208 $359,818.72 $919.45 $0.00 $2,034.47 $362,772.64
209 $362,772.64 $919.45 $0.00 $2,051.17 $365,743.26
210 $365,743.26 $919.45 $0.00 $2,067.97 $368,730.68
211 $368,730.68 $919.45 $0.00 $2,084.86 $371,734.99
212 $371,734.99 $919.45 $0.00 $2,101.84 $374,756.28
213 $374,756.28 $919.45 $0.00 $2,118.93 $377,794.66
214 $377,794.66 $919.45 $0.00 $2,136.11 $380,850.22
215 $380,850.22 $919.45 $0.00 $2,153.38 $383,923.05
216 $383,923.05 $919.45 $0.00 $2,170.76 $387,013.26
217 $387,013.26 $919.45 $104,811.70 $2,188.23 $285,309.24
218 $285,309.24 $919.45 $0.00 $1,613.18 $287,841.87
219 $287,841.87 $919.45 $0.00 $1,627.50 $290,388.82
220 $290,388.82 $919.45 $0.00 $1,641.90 $292,950.17
221 $292,950.17 $919.45 $0.00 $1,656.38 $295,526.00
222 $295,526.00 $919.45 $0.00 $1,670.95 $298,116.40
223 $298,116.40 $919.45 $0.00 $1,685.59 $300,721.44
224 $300,721.44 $919.45 $0.00 $1,700.32 $303,341.21
225 $303,341.21 $919.45 $0.00 $1,715.14 $305,975.80
226 $305,975.80 $919.45 $0.00 $1,730.03 $308,625.28
227 $308,625.28 $919.45 $0.00 $1,745.01 $311,289.74
228 $311,289.74 $919.45 $0.00 $1,760.08 $313,969.27
229 $313,969.27 $919.45 $112,148.52 $1,775.23 $204,515.43
230 $204,515.43 $919.45 $0.00 $1,156.36 $206,591.24
231 $206,591.24 $919.45 $0.00 $1,168.10 $208,678.79
232 $208,678.79 $919.45 $0.00 $1,179.90 $210,778.14
233 $210,778.14 $919.45 $0.00 $1,191.77 $212,889.36
234 $212,889.36 $919.45 $0.00 $1,203.71 $215,012.52
235 $215,012.52 $919.45 $0.00 $1,215.71 $217,147.68
236 $217,147.68 $919.45 $0.00 $1,227.78 $219,294.91
237 $219,294.91 $919.45 $0.00 $1,239.93 $221,454.29
238 $221,454.29 $919.45 $0.00 $1,252.13 $223,625.87
239 $223,625.87 $919.45 $0.00 $1,264.41 $225,809.73
240 $225,809.73 $919.45 $0.00 $1,276.76 $228,005.94
241 $228,005.94 $919.45 $119,998.92 $1,289.18 $110,215.65
242 $110,215.65 $919.45 $0.00 $623.18 $111,758.28
243 $111,758.28 $919.45 $0.00 $631.90 $113,309.63
244 $113,309.63 $919.45 $0.00 $640.67 $114,869.75
245 $114,869.75 $919.45 $0.00 $649.49 $116,438.69
246 $116,438.69 $919.45 $0.00 $658.36 $118,016.50
247 $118,016.50 $919.45 $0.00 $667.28 $119,603.23
248 $119,603.23 $919.45 $0.00 $676.25 $121,198.93
249 $121,198.93 $919.45 $0.00 $685.28 $122,803.66
250 $122,803.66 $919.45 $0.00 $694.35 $124,417.46
251 $124,417.46 $919.45 $0.00 $703.47 $126,040.38
252 $126,040.38 $919.45 $0.00 $712.65 $127,672.48
253 $127,672.48 $0.00 $128,398.84 $721.88 -$4.48