Savings Plan and Future Cost Estimation for El Paso Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$46,738
Monthly savings required$208

How much will it cost to send your child to El Paso Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $93,476.34 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $207.72 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$18,947.00
Years until enrollment18
Annual Tuition Increase5%
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 $207.72 $0.00 $0.00 $207.72
2 $207.72 $207.72 $0.00 $1.17 $416.61
3 $416.61 $207.72 $0.00 $2.36 $626.69
4 $626.69 $207.72 $0.00 $3.54 $837.95
5 $837.95 $207.72 $0.00 $4.74 $1,050.41
6 $1,050.41 $207.72 $0.00 $5.94 $1,264.07
7 $1,264.07 $207.72 $0.00 $7.15 $1,478.94
8 $1,478.94 $207.72 $0.00 $8.36 $1,695.02
9 $1,695.02 $207.72 $0.00 $9.58 $1,912.32
10 $1,912.32 $207.72 $0.00 $10.81 $2,130.85
11 $2,130.85 $207.72 $0.00 $12.05 $2,350.62
12 $2,350.62 $207.72 $0.00 $13.29 $2,571.63
13 $2,571.63 $207.72 $0.00 $14.54 $2,793.89
14 $2,793.89 $207.72 $0.00 $15.80 $3,017.41
15 $3,017.41 $207.72 $0.00 $17.06 $3,242.19
16 $3,242.19 $207.72 $0.00 $18.33 $3,468.24
17 $3,468.24 $207.72 $0.00 $19.61 $3,695.57
18 $3,695.57 $207.72 $0.00 $20.90 $3,924.19
19 $3,924.19 $207.72 $0.00 $22.19 $4,154.10
20 $4,154.10 $207.72 $0.00 $23.49 $4,385.31
21 $4,385.31 $207.72 $0.00 $24.80 $4,617.83
22 $4,617.83 $207.72 $0.00 $26.11 $4,851.66
23 $4,851.66 $207.72 $0.00 $27.43 $5,086.81
24 $5,086.81 $207.72 $0.00 $28.76 $5,323.29
25 $5,323.29 $207.72 $0.00 $30.10 $5,561.11
26 $5,561.11 $207.72 $0.00 $31.44 $5,800.27
27 $5,800.27 $207.72 $0.00 $32.80 $6,040.79
28 $6,040.79 $207.72 $0.00 $34.16 $6,282.67
29 $6,282.67 $207.72 $0.00 $35.52 $6,525.91
30 $6,525.91 $207.72 $0.00 $36.90 $6,770.53
31 $6,770.53 $207.72 $0.00 $38.28 $7,016.53
32 $7,016.53 $207.72 $0.00 $39.67 $7,263.92
33 $7,263.92 $207.72 $0.00 $41.07 $7,512.71
34 $7,512.71 $207.72 $0.00 $42.48 $7,762.91
35 $7,762.91 $207.72 $0.00 $43.89 $8,014.52
36 $8,014.52 $207.72 $0.00 $45.32 $8,267.56
37 $8,267.56 $207.72 $0.00 $46.75 $8,522.03
38 $8,522.03 $207.72 $0.00 $48.18 $8,777.93
39 $8,777.93 $207.72 $0.00 $49.63 $9,035.28
40 $9,035.28 $207.72 $0.00 $51.09 $9,294.09
41 $9,294.09 $207.72 $0.00 $52.55 $9,554.36
42 $9,554.36 $207.72 $0.00 $54.02 $9,816.10
43 $9,816.10 $207.72 $0.00 $55.50 $10,079.32
44 $10,079.32 $207.72 $0.00 $56.99 $10,344.03
45 $10,344.03 $207.72 $0.00 $58.49 $10,610.24
46 $10,610.24 $207.72 $0.00 $59.99 $10,877.95
47 $10,877.95 $207.72 $0.00 $61.51 $11,147.18
48 $11,147.18 $207.72 $0.00 $63.03 $11,417.93
49 $11,417.93 $207.72 $0.00 $64.56 $11,690.21
50 $11,690.21 $207.72 $0.00 $66.10 $11,964.03
51 $11,964.03 $207.72 $0.00 $67.65 $12,239.40
52 $12,239.40 $207.72 $0.00 $69.20 $12,516.32
53 $12,516.32 $207.72 $0.00 $70.77 $12,794.81
54 $12,794.81 $207.72 $0.00 $72.34 $13,074.87
55 $13,074.87 $207.72 $0.00 $73.93 $13,356.52
56 $13,356.52 $207.72 $0.00 $75.52 $13,639.76
57 $13,639.76 $207.72 $0.00 $77.12 $13,924.60
58 $13,924.60 $207.72 $0.00 $78.73 $14,211.05
59 $14,211.05 $207.72 $0.00 $80.35 $14,499.12
60 $14,499.12 $207.72 $0.00 $81.98 $14,788.82
61 $14,788.82 $207.72 $0.00 $83.62 $15,080.16
62 $15,080.16 $207.72 $0.00 $85.27 $15,373.15
63 $15,373.15 $207.72 $0.00 $86.92 $15,667.79
64 $15,667.79 $207.72 $0.00 $88.59 $15,964.10
65 $15,964.10 $207.72 $0.00 $90.26 $16,262.08
66 $16,262.08 $207.72 $0.00 $91.95 $16,561.75
67 $16,561.75 $207.72 $0.00 $93.64 $16,863.11
68 $16,863.11 $207.72 $0.00 $95.35 $17,166.18
69 $17,166.18 $207.72 $0.00 $97.06 $17,470.96
70 $17,470.96 $207.72 $0.00 $98.78 $17,777.46
71 $17,777.46 $207.72 $0.00 $100.52 $18,085.70
72 $18,085.70 $207.72 $0.00 $102.26 $18,395.68
73 $18,395.68 $207.72 $0.00 $104.01 $18,707.41
74 $18,707.41 $207.72 $0.00 $105.77 $19,020.90
75 $19,020.90 $207.72 $0.00 $107.55 $19,336.17
76 $19,336.17 $207.72 $0.00 $109.33 $19,653.22
77 $19,653.22 $207.72 $0.00 $111.12 $19,972.06
78 $19,972.06 $207.72 $0.00 $112.92 $20,292.70
79 $20,292.70 $207.72 $0.00 $114.74 $20,615.16
80 $20,615.16 $207.72 $0.00 $116.56 $20,939.44
81 $20,939.44 $207.72 $0.00 $118.39 $21,265.55
82 $21,265.55 $207.72 $0.00 $120.24 $21,593.51
83 $21,593.51 $207.72 $0.00 $122.09 $21,923.32
84 $21,923.32 $207.72 $0.00 $123.96 $22,255.00
85 $22,255.00 $207.72 $0.00 $125.83 $22,588.55
86 $22,588.55 $207.72 $0.00 $127.72 $22,923.99
87 $22,923.99 $207.72 $0.00 $129.62 $23,261.33
88 $23,261.33 $207.72 $0.00 $131.52 $23,600.57
89 $23,600.57 $207.72 $0.00 $133.44 $23,941.73
90 $23,941.73 $207.72 $0.00 $135.37 $24,284.82
91 $24,284.82 $207.72 $0.00 $137.31 $24,629.85
92 $24,629.85 $207.72 $0.00 $139.26 $24,976.83
93 $24,976.83 $207.72 $0.00 $141.22 $25,325.77
94 $25,325.77 $207.72 $0.00 $143.20 $25,676.69
95 $25,676.69 $207.72 $0.00 $145.18 $26,029.59
96 $26,029.59 $207.72 $0.00 $147.18 $26,384.49
97 $26,384.49 $207.72 $0.00 $149.18 $26,741.39
98 $26,741.39 $207.72 $0.00 $151.20 $27,100.31
99 $27,100.31 $207.72 $0.00 $153.23 $27,461.26
100 $27,461.26 $207.72 $0.00 $155.27 $27,824.25
101 $27,824.25 $207.72 $0.00 $157.32 $28,189.29
102 $28,189.29 $207.72 $0.00 $159.39 $28,556.40
103 $28,556.40 $207.72 $0.00 $161.46 $28,925.58
104 $28,925.58 $207.72 $0.00 $163.55 $29,296.85
105 $29,296.85 $207.72 $0.00 $165.65 $29,670.22
106 $29,670.22 $207.72 $0.00 $167.76 $30,045.70
107 $30,045.70 $207.72 $0.00 $169.88 $30,423.30
108 $30,423.30 $207.72 $0.00 $172.02 $30,803.04
109 $30,803.04 $207.72 $0.00 $174.16 $31,184.92
110 $31,184.92 $207.72 $0.00 $176.32 $31,568.96
111 $31,568.96 $207.72 $0.00 $178.50 $31,955.18
112 $31,955.18 $207.72 $0.00 $180.68 $32,343.58
113 $32,343.58 $207.72 $0.00 $182.88 $32,734.18
114 $32,734.18 $207.72 $0.00 $185.08 $33,126.98
115 $33,126.98 $207.72 $0.00 $187.30 $33,522.00
116 $33,522.00 $207.72 $0.00 $189.54 $33,919.26
117 $33,919.26 $207.72 $0.00 $191.78 $34,318.76
118 $34,318.76 $207.72 $0.00 $194.04 $34,720.52
119 $34,720.52 $207.72 $0.00 $196.31 $35,124.55
120 $35,124.55 $207.72 $0.00 $198.60 $35,530.87
121 $35,530.87 $207.72 $0.00 $200.90 $35,939.49
122 $35,939.49 $207.72 $0.00 $203.21 $36,350.42
123 $36,350.42 $207.72 $0.00 $205.53 $36,763.67
124 $36,763.67 $207.72 $0.00 $207.87 $37,179.26
125 $37,179.26 $207.72 $0.00 $210.22 $37,597.20
126 $37,597.20 $207.72 $0.00 $212.58 $38,017.50
127 $38,017.50 $207.72 $0.00 $214.96 $38,440.18
128 $38,440.18 $207.72 $0.00 $217.35 $38,865.25
129 $38,865.25 $207.72 $0.00 $219.75 $39,292.72
130 $39,292.72 $207.72 $0.00 $222.17 $39,722.61
131 $39,722.61 $207.72 $0.00 $224.60 $40,154.93
132 $40,154.93 $207.72 $0.00 $227.04 $40,589.69
133 $40,589.69 $207.72 $0.00 $229.50 $41,026.91
134 $41,026.91 $207.72 $0.00 $231.97 $41,466.60
135 $41,466.60 $207.72 $0.00 $234.46 $41,908.78
136 $41,908.78 $207.72 $0.00 $236.96 $42,353.46
137 $42,353.46 $207.72 $0.00 $239.47 $42,800.65
138 $42,800.65 $207.72 $0.00 $242.00 $43,250.37
139 $43,250.37 $207.72 $0.00 $244.54 $43,702.63
140 $43,702.63 $207.72 $0.00 $247.10 $44,157.45
141 $44,157.45 $207.72 $0.00 $249.67 $44,614.84
142 $44,614.84 $207.72 $0.00 $252.26 $45,074.82
143 $45,074.82 $207.72 $0.00 $254.86 $45,537.40
144 $45,537.40 $207.72 $0.00 $257.48 $46,002.60
145 $46,002.60 $207.72 $0.00 $260.11 $46,470.43
146 $46,470.43 $207.72 $0.00 $262.75 $46,940.90
147 $46,940.90 $207.72 $0.00 $265.41 $47,414.03
148 $47,414.03 $207.72 $0.00 $268.09 $47,889.84
149 $47,889.84 $207.72 $0.00 $270.78 $48,368.34
150 $48,368.34 $207.72 $0.00 $273.48 $48,849.54
151 $48,849.54 $207.72 $0.00 $276.20 $49,333.46
152 $49,333.46 $207.72 $0.00 $278.94 $49,820.12
153 $49,820.12 $207.72 $0.00 $281.69 $50,309.53
154 $50,309.53 $207.72 $0.00 $284.46 $50,801.71
155 $50,801.71 $207.72 $0.00 $287.24 $51,296.67
156 $51,296.67 $207.72 $0.00 $290.04 $51,794.43
157 $51,794.43 $207.72 $0.00 $292.85 $52,295.00
158 $52,295.00 $207.72 $0.00 $295.68 $52,798.40
159 $52,798.40 $207.72 $0.00 $298.53 $53,304.65
160 $53,304.65 $207.72 $0.00 $301.39 $53,813.76
161 $53,813.76 $207.72 $0.00 $304.27 $54,325.75
162 $54,325.75 $207.72 $0.00 $307.17 $54,840.64
163 $54,840.64 $207.72 $0.00 $310.08 $55,358.44
164 $55,358.44 $207.72 $0.00 $313.00 $55,879.16
165 $55,879.16 $207.72 $0.00 $315.95 $56,402.83
166 $56,402.83 $207.72 $0.00 $318.91 $56,929.46
167 $56,929.46 $207.72 $0.00 $321.89 $57,459.07
168 $57,459.07 $207.72 $0.00 $324.88 $57,991.67
169 $57,991.67 $207.72 $0.00 $327.89 $58,527.28
170 $58,527.28 $207.72 $0.00 $330.92 $59,065.92
171 $59,065.92 $207.72 $0.00 $333.97 $59,607.61
172 $59,607.61 $207.72 $0.00 $337.03 $60,152.36
173 $60,152.36 $207.72 $0.00 $340.11 $60,700.19
174 $60,700.19 $207.72 $0.00 $343.21 $61,251.12
175 $61,251.12 $207.72 $0.00 $346.32 $61,805.16
176 $61,805.16 $207.72 $0.00 $349.46 $62,362.34
177 $62,362.34 $207.72 $0.00 $352.61 $62,922.67
178 $62,922.67 $207.72 $0.00 $355.77 $63,486.16
179 $63,486.16 $207.72 $0.00 $358.96 $64,052.84
180 $64,052.84 $207.72 $0.00 $362.16 $64,622.72
181 $64,622.72 $207.72 $0.00 $365.39 $65,195.83
182 $65,195.83 $207.72 $0.00 $368.63 $65,772.18
183 $65,772.18 $207.72 $0.00 $371.89 $66,351.79
184 $66,351.79 $207.72 $0.00 $375.16 $66,934.67
185 $66,934.67 $207.72 $0.00 $378.46 $67,520.85
186 $67,520.85 $207.72 $0.00 $381.77 $68,110.34
187 $68,110.34 $207.72 $0.00 $385.11 $68,703.17
188 $68,703.17 $207.72 $0.00 $388.46 $69,299.35
189 $69,299.35 $207.72 $0.00 $391.83 $69,898.90
190 $69,898.90 $207.72 $0.00 $395.22 $70,501.84
191 $70,501.84 $207.72 $0.00 $398.63 $71,108.19
192 $71,108.19 $207.72 $0.00 $402.06 $71,717.97
193 $71,717.97 $207.72 $0.00 $405.50 $72,331.19
194 $72,331.19 $207.72 $0.00 $408.97 $72,947.88
195 $72,947.88 $207.72 $0.00 $412.46 $73,568.06
196 $73,568.06 $207.72 $0.00 $415.96 $74,191.74
197 $74,191.74 $207.72 $0.00 $419.49 $74,818.95
198 $74,818.95 $207.72 $0.00 $423.04 $75,449.71
199 $75,449.71 $207.72 $0.00 $426.60 $76,084.03
200 $76,084.03 $207.72 $0.00 $430.19 $76,721.94
201 $76,721.94 $207.72 $0.00 $433.80 $77,363.46
202 $77,363.46 $207.72 $0.00 $437.42 $78,008.60
203 $78,008.60 $207.72 $0.00 $441.07 $78,657.39
204 $78,657.39 $207.72 $0.00 $444.74 $79,309.85
205 $79,309.85 $207.72 $0.00 $448.43 $79,966.00
206 $79,966.00 $207.72 $0.00 $452.14 $80,625.86
207 $80,625.86 $207.72 $0.00 $455.87 $81,289.45
208 $81,289.45 $207.72 $0.00 $459.62 $81,956.79
209 $81,956.79 $207.72 $0.00 $463.40 $82,627.91
210 $82,627.91 $207.72 $0.00 $467.19 $83,302.82
211 $83,302.82 $207.72 $0.00 $471.01 $83,981.55
212 $83,981.55 $207.72 $0.00 $474.84 $84,664.11
213 $84,664.11 $207.72 $0.00 $478.70 $85,350.53
214 $85,350.53 $207.72 $0.00 $482.58 $86,040.83
215 $86,040.83 $207.72 $0.00 $486.49 $86,735.04
216 $86,735.04 $207.72 $0.00 $490.41 $87,433.17
217 $87,433.17 $207.72 $45,598.21 $494.36 $42,537.04
218 $42,537.04 $207.72 $0.00 $240.51 $42,985.27
219 $42,985.27 $207.72 $0.00 $243.04 $43,436.03
220 $43,436.03 $207.72 $0.00 $245.59 $43,889.34
221 $43,889.34 $207.72 $0.00 $248.16 $44,345.22
222 $44,345.22 $207.72 $0.00 $250.73 $44,803.67
223 $44,803.67 $207.72 $0.00 $253.33 $45,264.72
224 $45,264.72 $207.72 $0.00 $255.93 $45,728.37
225 $45,728.37 $207.72 $0.00 $258.55 $46,194.64
226 $46,194.64 $207.72 $0.00 $261.19 $46,663.55
227 $46,663.55 $207.72 $0.00 $263.84 $47,135.11
228 $47,135.11 $207.72 $0.00 $266.51 $47,609.34
229 $47,609.34 $0.00 $47,878.13 $269.19 $0.40