Savings Plan and Future Cost Estimation for Galveston College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$61,041
Monthly savings required$271

How much will it cost to send your child to Galveston College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $122,081.23 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $271.20 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$17,449.00
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 $271.20 $0.00 $0.00 $271.20
2 $271.20 $271.20 $0.00 $1.53 $543.93
3 $543.93 $271.20 $0.00 $3.08 $818.21
4 $818.21 $271.20 $0.00 $4.63 $1,094.04
5 $1,094.04 $271.20 $0.00 $6.19 $1,371.43
6 $1,371.43 $271.20 $0.00 $7.75 $1,650.38
7 $1,650.38 $271.20 $0.00 $9.33 $1,930.91
8 $1,930.91 $271.20 $0.00 $10.92 $2,213.03
9 $2,213.03 $271.20 $0.00 $12.51 $2,496.74
10 $2,496.74 $271.20 $0.00 $14.12 $2,782.06
11 $2,782.06 $271.20 $0.00 $15.73 $3,068.99
12 $3,068.99 $271.20 $0.00 $17.35 $3,357.54
13 $3,357.54 $271.20 $0.00 $18.98 $3,647.72
14 $3,647.72 $271.20 $0.00 $20.62 $3,939.54
15 $3,939.54 $271.20 $0.00 $22.27 $4,233.01
16 $4,233.01 $271.20 $0.00 $23.93 $4,528.14
17 $4,528.14 $271.20 $0.00 $25.60 $4,824.94
18 $4,824.94 $271.20 $0.00 $27.28 $5,123.42
19 $5,123.42 $271.20 $0.00 $28.97 $5,423.59
20 $5,423.59 $271.20 $0.00 $30.67 $5,725.46
21 $5,725.46 $271.20 $0.00 $32.37 $6,029.03
22 $6,029.03 $271.20 $0.00 $34.09 $6,334.32
23 $6,334.32 $271.20 $0.00 $35.82 $6,641.34
24 $6,641.34 $271.20 $0.00 $37.55 $6,950.09
25 $6,950.09 $271.20 $0.00 $39.30 $7,260.59
26 $7,260.59 $271.20 $0.00 $41.05 $7,572.84
27 $7,572.84 $271.20 $0.00 $42.82 $7,886.86
28 $7,886.86 $271.20 $0.00 $44.59 $8,202.65
29 $8,202.65 $271.20 $0.00 $46.38 $8,520.23
30 $8,520.23 $271.20 $0.00 $48.17 $8,839.60
31 $8,839.60 $271.20 $0.00 $49.98 $9,160.78
32 $9,160.78 $271.20 $0.00 $51.80 $9,483.78
33 $9,483.78 $271.20 $0.00 $53.62 $9,808.60
34 $9,808.60 $271.20 $0.00 $55.46 $10,135.26
35 $10,135.26 $271.20 $0.00 $57.31 $10,463.77
36 $10,463.77 $271.20 $0.00 $59.16 $10,794.13
37 $10,794.13 $271.20 $0.00 $61.03 $11,126.36
38 $11,126.36 $271.20 $0.00 $62.91 $11,460.47
39 $11,460.47 $271.20 $0.00 $64.80 $11,796.47
40 $11,796.47 $271.20 $0.00 $66.70 $12,134.37
41 $12,134.37 $271.20 $0.00 $68.61 $12,474.18
42 $12,474.18 $271.20 $0.00 $70.53 $12,815.91
43 $12,815.91 $271.20 $0.00 $72.46 $13,159.57
44 $13,159.57 $271.20 $0.00 $74.41 $13,505.18
45 $13,505.18 $271.20 $0.00 $76.36 $13,852.74
46 $13,852.74 $271.20 $0.00 $78.33 $14,202.27
47 $14,202.27 $271.20 $0.00 $80.30 $14,553.77
48 $14,553.77 $271.20 $0.00 $82.29 $14,907.26
49 $14,907.26 $271.20 $0.00 $84.29 $15,262.75
50 $15,262.75 $271.20 $0.00 $86.30 $15,620.25
51 $15,620.25 $271.20 $0.00 $88.32 $15,979.77
52 $15,979.77 $271.20 $0.00 $90.35 $16,341.32
53 $16,341.32 $271.20 $0.00 $92.40 $16,704.92
54 $16,704.92 $271.20 $0.00 $94.45 $17,070.57
55 $17,070.57 $271.20 $0.00 $96.52 $17,438.29
56 $17,438.29 $271.20 $0.00 $98.60 $17,808.09
57 $17,808.09 $271.20 $0.00 $100.69 $18,179.98
58 $18,179.98 $271.20 $0.00 $102.79 $18,553.97
59 $18,553.97 $271.20 $0.00 $104.91 $18,930.08
60 $18,930.08 $271.20 $0.00 $107.03 $19,308.31
61 $19,308.31 $271.20 $0.00 $109.17 $19,688.68
62 $19,688.68 $271.20 $0.00 $111.32 $20,071.20
63 $20,071.20 $271.20 $0.00 $113.49 $20,455.89
64 $20,455.89 $271.20 $0.00 $115.66 $20,842.75
65 $20,842.75 $271.20 $0.00 $117.85 $21,231.80
66 $21,231.80 $271.20 $0.00 $120.05 $21,623.05
67 $21,623.05 $271.20 $0.00 $122.26 $22,016.51
68 $22,016.51 $271.20 $0.00 $124.48 $22,412.19
69 $22,412.19 $271.20 $0.00 $126.72 $22,810.11
70 $22,810.11 $271.20 $0.00 $128.97 $23,210.28
71 $23,210.28 $271.20 $0.00 $131.23 $23,612.71
72 $23,612.71 $271.20 $0.00 $133.51 $24,017.42
73 $24,017.42 $271.20 $0.00 $135.80 $24,424.42
74 $24,424.42 $271.20 $0.00 $138.10 $24,833.72
75 $24,833.72 $271.20 $0.00 $140.41 $25,245.33
76 $25,245.33 $271.20 $0.00 $142.74 $25,659.27
77 $25,659.27 $271.20 $0.00 $145.08 $26,075.55
78 $26,075.55 $271.20 $0.00 $147.43 $26,494.18
79 $26,494.18 $271.20 $0.00 $149.80 $26,915.18
80 $26,915.18 $271.20 $0.00 $152.18 $27,338.56
81 $27,338.56 $271.20 $0.00 $154.58 $27,764.34
82 $27,764.34 $271.20 $0.00 $156.98 $28,192.52
83 $28,192.52 $271.20 $0.00 $159.40 $28,623.12
84 $28,623.12 $271.20 $0.00 $161.84 $29,056.16
85 $29,056.16 $271.20 $0.00 $164.29 $29,491.65
86 $29,491.65 $271.20 $0.00 $166.75 $29,929.60
87 $29,929.60 $271.20 $0.00 $169.23 $30,370.03
88 $30,370.03 $271.20 $0.00 $171.72 $30,812.95
89 $30,812.95 $271.20 $0.00 $174.22 $31,258.37
90 $31,258.37 $271.20 $0.00 $176.74 $31,706.31
91 $31,706.31 $271.20 $0.00 $179.27 $32,156.78
92 $32,156.78 $271.20 $0.00 $181.82 $32,609.80
93 $32,609.80 $271.20 $0.00 $184.38 $33,065.38
94 $33,065.38 $271.20 $0.00 $186.96 $33,523.54
95 $33,523.54 $271.20 $0.00 $189.55 $33,984.29
96 $33,984.29 $271.20 $0.00 $192.15 $34,447.64
97 $34,447.64 $271.20 $0.00 $194.77 $34,913.61
98 $34,913.61 $271.20 $0.00 $197.41 $35,382.22
99 $35,382.22 $271.20 $0.00 $200.06 $35,853.48
100 $35,853.48 $271.20 $0.00 $202.72 $36,327.40
101 $36,327.40 $271.20 $0.00 $205.40 $36,804.00
102 $36,804.00 $271.20 $0.00 $208.10 $37,283.30
103 $37,283.30 $271.20 $0.00 $210.81 $37,765.31
104 $37,765.31 $271.20 $0.00 $213.53 $38,250.04
105 $38,250.04 $271.20 $0.00 $216.27 $38,737.51
106 $38,737.51 $271.20 $0.00 $219.03 $39,227.74
107 $39,227.74 $271.20 $0.00 $221.80 $39,720.74
108 $39,720.74 $271.20 $0.00 $224.59 $40,216.53
109 $40,216.53 $271.20 $0.00 $227.39 $40,715.12
110 $40,715.12 $271.20 $0.00 $230.21 $41,216.53
111 $41,216.53 $271.20 $0.00 $233.04 $41,720.77
112 $41,720.77 $271.20 $0.00 $235.90 $42,227.87
113 $42,227.87 $271.20 $0.00 $238.76 $42,737.83
114 $42,737.83 $271.20 $0.00 $241.65 $43,250.68
115 $43,250.68 $271.20 $0.00 $244.55 $43,766.43
116 $43,766.43 $271.20 $0.00 $247.46 $44,285.09
117 $44,285.09 $271.20 $0.00 $250.39 $44,806.68
118 $44,806.68 $271.20 $0.00 $253.34 $45,331.22
119 $45,331.22 $271.20 $0.00 $256.31 $45,858.73
120 $45,858.73 $271.20 $0.00 $259.29 $46,389.22
121 $46,389.22 $271.20 $0.00 $262.29 $46,922.71
122 $46,922.71 $271.20 $0.00 $265.31 $47,459.22
123 $47,459.22 $271.20 $0.00 $268.34 $47,998.76
124 $47,998.76 $271.20 $0.00 $271.39 $48,541.35
125 $48,541.35 $271.20 $0.00 $274.46 $49,087.01
126 $49,087.01 $271.20 $0.00 $277.55 $49,635.76
127 $49,635.76 $271.20 $0.00 $280.65 $50,187.61
128 $50,187.61 $271.20 $0.00 $283.77 $50,742.58
129 $50,742.58 $271.20 $0.00 $286.91 $51,300.69
130 $51,300.69 $271.20 $0.00 $290.06 $51,861.95
131 $51,861.95 $271.20 $0.00 $293.24 $52,426.39
132 $52,426.39 $271.20 $0.00 $296.43 $52,994.02
133 $52,994.02 $271.20 $0.00 $299.64 $53,564.86
134 $53,564.86 $271.20 $0.00 $302.86 $54,138.92
135 $54,138.92 $271.20 $0.00 $306.11 $54,716.23
136 $54,716.23 $271.20 $0.00 $309.37 $55,296.80
137 $55,296.80 $271.20 $0.00 $312.66 $55,880.66
138 $55,880.66 $271.20 $0.00 $315.96 $56,467.82
139 $56,467.82 $271.20 $0.00 $319.28 $57,058.30
140 $57,058.30 $271.20 $0.00 $322.62 $57,652.12
141 $57,652.12 $271.20 $0.00 $325.97 $58,249.29
142 $58,249.29 $271.20 $0.00 $329.35 $58,849.84
143 $58,849.84 $271.20 $0.00 $332.75 $59,453.79
144 $59,453.79 $271.20 $0.00 $336.16 $60,061.15
145 $60,061.15 $271.20 $0.00 $339.59 $60,671.94
146 $60,671.94 $271.20 $0.00 $343.05 $61,286.19
147 $61,286.19 $271.20 $0.00 $346.52 $61,903.91
148 $61,903.91 $271.20 $0.00 $350.01 $62,525.12
149 $62,525.12 $271.20 $0.00 $353.53 $63,149.85
150 $63,149.85 $271.20 $0.00 $357.06 $63,778.11
151 $63,778.11 $271.20 $0.00 $360.61 $64,409.92
152 $64,409.92 $271.20 $0.00 $364.18 $65,045.30
153 $65,045.30 $271.20 $0.00 $367.78 $65,684.28
154 $65,684.28 $271.20 $0.00 $371.39 $66,326.87
155 $66,326.87 $271.20 $0.00 $375.02 $66,973.09
156 $66,973.09 $271.20 $0.00 $378.68 $67,622.97
157 $67,622.97 $271.20 $0.00 $382.35 $68,276.52
158 $68,276.52 $271.20 $0.00 $386.05 $68,933.77
159 $68,933.77 $271.20 $0.00 $389.76 $69,594.73
160 $69,594.73 $271.20 $0.00 $393.50 $70,259.43
161 $70,259.43 $271.20 $0.00 $397.26 $70,927.89
162 $70,927.89 $271.20 $0.00 $401.04 $71,600.13
163 $71,600.13 $271.20 $0.00 $404.84 $72,276.17
164 $72,276.17 $271.20 $0.00 $408.66 $72,956.03
165 $72,956.03 $271.20 $0.00 $412.50 $73,639.73
166 $73,639.73 $271.20 $0.00 $416.37 $74,327.30
167 $74,327.30 $271.20 $0.00 $420.26 $75,018.76
168 $75,018.76 $271.20 $0.00 $424.17 $75,714.13
169 $75,714.13 $271.20 $0.00 $428.10 $76,413.43
170 $76,413.43 $271.20 $0.00 $432.05 $77,116.68
171 $77,116.68 $271.20 $0.00 $436.03 $77,823.91
172 $77,823.91 $271.20 $0.00 $440.03 $78,535.14
173 $78,535.14 $271.20 $0.00 $444.05 $79,250.39
174 $79,250.39 $271.20 $0.00 $448.09 $79,969.68
175 $79,969.68 $271.20 $0.00 $452.16 $80,693.04
176 $80,693.04 $271.20 $0.00 $456.25 $81,420.49
177 $81,420.49 $271.20 $0.00 $460.36 $82,152.05
178 $82,152.05 $271.20 $0.00 $464.50 $82,887.75
179 $82,887.75 $271.20 $0.00 $468.66 $83,627.61
180 $83,627.61 $271.20 $0.00 $472.84 $84,371.65
181 $84,371.65 $271.20 $0.00 $477.05 $85,119.90
182 $85,119.90 $271.20 $0.00 $481.28 $85,872.38
183 $85,872.38 $271.20 $0.00 $485.53 $86,629.11
184 $86,629.11 $271.20 $0.00 $489.81 $87,390.12
185 $87,390.12 $271.20 $0.00 $494.12 $88,155.44
186 $88,155.44 $271.20 $0.00 $498.44 $88,925.08
187 $88,925.08 $271.20 $0.00 $502.80 $89,699.08
188 $89,699.08 $271.20 $0.00 $507.17 $90,477.45
189 $90,477.45 $271.20 $0.00 $511.57 $91,260.22
190 $91,260.22 $271.20 $0.00 $516.00 $92,047.42
191 $92,047.42 $271.20 $0.00 $520.45 $92,839.07
192 $92,839.07 $271.20 $0.00 $524.93 $93,635.20
193 $93,635.20 $271.20 $0.00 $529.43 $94,435.83
194 $94,435.83 $271.20 $0.00 $533.95 $95,240.98
195 $95,240.98 $271.20 $0.00 $538.51 $96,050.69
196 $96,050.69 $271.20 $0.00 $543.08 $96,864.97
197 $96,864.97 $271.20 $0.00 $547.69 $97,683.86
198 $97,683.86 $271.20 $0.00 $552.32 $98,507.38
199 $98,507.38 $271.20 $0.00 $556.98 $99,335.56
200 $99,335.56 $271.20 $0.00 $561.66 $100,168.42
201 $100,168.42 $271.20 $0.00 $566.37 $101,005.99
202 $101,005.99 $271.20 $0.00 $571.10 $101,848.29
203 $101,848.29 $271.20 $0.00 $575.87 $102,695.36
204 $102,695.36 $271.20 $0.00 $580.65 $103,547.21
205 $103,547.21 $271.20 $0.00 $585.47 $104,403.88
206 $104,403.88 $271.20 $0.00 $590.31 $105,265.39
207 $105,265.39 $271.20 $0.00 $595.19 $106,131.78
208 $106,131.78 $271.20 $0.00 $600.08 $107,003.06
209 $107,003.06 $271.20 $0.00 $605.01 $107,879.27
210 $107,879.27 $271.20 $0.00 $609.97 $108,760.44
211 $108,760.44 $271.20 $0.00 $614.95 $109,646.59
212 $109,646.59 $271.20 $0.00 $619.96 $110,537.75
213 $110,537.75 $271.20 $0.00 $625.00 $111,433.95
214 $111,433.95 $271.20 $0.00 $630.06 $112,335.21
215 $112,335.21 $271.20 $0.00 $635.16 $113,241.57
216 $113,241.57 $271.20 $0.00 $640.28 $114,153.05
217 $114,153.05 $271.20 $58,976.44 $645.44 $56,093.25
218 $56,093.25 $271.20 $0.00 $317.16 $56,681.61
219 $56,681.61 $271.20 $0.00 $320.49 $57,273.30
220 $57,273.30 $271.20 $0.00 $323.83 $57,868.33
221 $57,868.33 $271.20 $0.00 $327.20 $58,466.73
222 $58,466.73 $271.20 $0.00 $330.58 $59,068.51
223 $59,068.51 $271.20 $0.00 $333.98 $59,673.69
224 $59,673.69 $271.20 $0.00 $337.40 $60,282.29
225 $60,282.29 $271.20 $0.00 $340.84 $60,894.33
226 $60,894.33 $271.20 $0.00 $344.31 $61,509.84
227 $61,509.84 $271.20 $0.00 $347.79 $62,128.83
228 $62,128.83 $271.20 $0.00 $351.29 $62,751.32
229 $62,751.32 $0.00 $63,104.79 $354.81 $1.34