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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$34,885
Monthly savings required$155

How much will it cost to send your child to Grayson County College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $69,770.54 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $155.04 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$14,142.00
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 $155.04 $0.00 $0.00 $155.04
2 $155.04 $155.04 $0.00 $0.88 $310.96
3 $310.96 $155.04 $0.00 $1.76 $467.76
4 $467.76 $155.04 $0.00 $2.64 $625.44
5 $625.44 $155.04 $0.00 $3.54 $784.02
6 $784.02 $155.04 $0.00 $4.43 $943.49
7 $943.49 $155.04 $0.00 $5.33 $1,103.86
8 $1,103.86 $155.04 $0.00 $6.24 $1,265.14
9 $1,265.14 $155.04 $0.00 $7.15 $1,427.33
10 $1,427.33 $155.04 $0.00 $8.07 $1,590.44
11 $1,590.44 $155.04 $0.00 $8.99 $1,754.47
12 $1,754.47 $155.04 $0.00 $9.92 $1,919.43
13 $1,919.43 $155.04 $0.00 $10.85 $2,085.32
14 $2,085.32 $155.04 $0.00 $11.79 $2,252.15
15 $2,252.15 $155.04 $0.00 $12.73 $2,419.92
16 $2,419.92 $155.04 $0.00 $13.68 $2,588.64
17 $2,588.64 $155.04 $0.00 $14.64 $2,758.32
18 $2,758.32 $155.04 $0.00 $15.60 $2,928.96
19 $2,928.96 $155.04 $0.00 $16.56 $3,100.56
20 $3,100.56 $155.04 $0.00 $17.53 $3,273.13
21 $3,273.13 $155.04 $0.00 $18.51 $3,446.68
22 $3,446.68 $155.04 $0.00 $19.49 $3,621.21
23 $3,621.21 $155.04 $0.00 $20.47 $3,796.72
24 $3,796.72 $155.04 $0.00 $21.47 $3,973.23
25 $3,973.23 $155.04 $0.00 $22.47 $4,150.74
26 $4,150.74 $155.04 $0.00 $23.47 $4,329.25
27 $4,329.25 $155.04 $0.00 $24.48 $4,508.77
28 $4,508.77 $155.04 $0.00 $25.49 $4,689.30
29 $4,689.30 $155.04 $0.00 $26.51 $4,870.85
30 $4,870.85 $155.04 $0.00 $27.54 $5,053.43
31 $5,053.43 $155.04 $0.00 $28.57 $5,237.04
32 $5,237.04 $155.04 $0.00 $29.61 $5,421.69
33 $5,421.69 $155.04 $0.00 $30.66 $5,607.39
34 $5,607.39 $155.04 $0.00 $31.70 $5,794.13
35 $5,794.13 $155.04 $0.00 $32.76 $5,981.93
36 $5,981.93 $155.04 $0.00 $33.82 $6,170.79
37 $6,170.79 $155.04 $0.00 $34.89 $6,360.72
38 $6,360.72 $155.04 $0.00 $35.96 $6,551.72
39 $6,551.72 $155.04 $0.00 $37.04 $6,743.80
40 $6,743.80 $155.04 $0.00 $38.13 $6,936.97
41 $6,936.97 $155.04 $0.00 $39.22 $7,131.23
42 $7,131.23 $155.04 $0.00 $40.32 $7,326.59
43 $7,326.59 $155.04 $0.00 $41.43 $7,523.06
44 $7,523.06 $155.04 $0.00 $42.54 $7,720.64
45 $7,720.64 $155.04 $0.00 $43.65 $7,919.33
46 $7,919.33 $155.04 $0.00 $44.78 $8,119.15
47 $8,119.15 $155.04 $0.00 $45.91 $8,320.10
48 $8,320.10 $155.04 $0.00 $47.04 $8,522.18
49 $8,522.18 $155.04 $0.00 $48.19 $8,725.41
50 $8,725.41 $155.04 $0.00 $49.33 $8,929.78
51 $8,929.78 $155.04 $0.00 $50.49 $9,135.31
52 $9,135.31 $155.04 $0.00 $51.65 $9,342.00
53 $9,342.00 $155.04 $0.00 $52.82 $9,549.86
54 $9,549.86 $155.04 $0.00 $54.00 $9,758.90
55 $9,758.90 $155.04 $0.00 $55.18 $9,969.12
56 $9,969.12 $155.04 $0.00 $56.37 $10,180.53
57 $10,180.53 $155.04 $0.00 $57.56 $10,393.13
58 $10,393.13 $155.04 $0.00 $58.76 $10,606.93
59 $10,606.93 $155.04 $0.00 $59.97 $10,821.94
60 $10,821.94 $155.04 $0.00 $61.19 $11,038.17
61 $11,038.17 $155.04 $0.00 $62.41 $11,255.62
62 $11,255.62 $155.04 $0.00 $63.64 $11,474.30
63 $11,474.30 $155.04 $0.00 $64.88 $11,694.22
64 $11,694.22 $155.04 $0.00 $66.12 $11,915.38
65 $11,915.38 $155.04 $0.00 $67.37 $12,137.79
66 $12,137.79 $155.04 $0.00 $68.63 $12,361.46
67 $12,361.46 $155.04 $0.00 $69.89 $12,586.39
68 $12,586.39 $155.04 $0.00 $71.17 $12,812.60
69 $12,812.60 $155.04 $0.00 $72.44 $13,040.08
70 $13,040.08 $155.04 $0.00 $73.73 $13,268.85
71 $13,268.85 $155.04 $0.00 $75.02 $13,498.91
72 $13,498.91 $155.04 $0.00 $76.32 $13,730.27
73 $13,730.27 $155.04 $0.00 $77.63 $13,962.94
74 $13,962.94 $155.04 $0.00 $78.95 $14,196.93
75 $14,196.93 $155.04 $0.00 $80.27 $14,432.24
76 $14,432.24 $155.04 $0.00 $81.60 $14,668.88
77 $14,668.88 $155.04 $0.00 $82.94 $14,906.86
78 $14,906.86 $155.04 $0.00 $84.29 $15,146.19
79 $15,146.19 $155.04 $0.00 $85.64 $15,386.87
80 $15,386.87 $155.04 $0.00 $87.00 $15,628.91
81 $15,628.91 $155.04 $0.00 $88.37 $15,872.32
82 $15,872.32 $155.04 $0.00 $89.74 $16,117.10
83 $16,117.10 $155.04 $0.00 $91.13 $16,363.27
84 $16,363.27 $155.04 $0.00 $92.52 $16,610.83
85 $16,610.83 $155.04 $0.00 $93.92 $16,859.79
86 $16,859.79 $155.04 $0.00 $95.33 $17,110.16
87 $17,110.16 $155.04 $0.00 $96.74 $17,361.94
88 $17,361.94 $155.04 $0.00 $98.17 $17,615.15
89 $17,615.15 $155.04 $0.00 $99.60 $17,869.79
90 $17,869.79 $155.04 $0.00 $101.04 $18,125.87
91 $18,125.87 $155.04 $0.00 $102.49 $18,383.40
92 $18,383.40 $155.04 $0.00 $103.94 $18,642.38
93 $18,642.38 $155.04 $0.00 $105.41 $18,902.83
94 $18,902.83 $155.04 $0.00 $106.88 $19,164.75
95 $19,164.75 $155.04 $0.00 $108.36 $19,428.15
96 $19,428.15 $155.04 $0.00 $109.85 $19,693.04
97 $19,693.04 $155.04 $0.00 $111.35 $19,959.43
98 $19,959.43 $155.04 $0.00 $112.85 $20,227.32
99 $20,227.32 $155.04 $0.00 $114.37 $20,496.73
100 $20,496.73 $155.04 $0.00 $115.89 $20,767.66
101 $20,767.66 $155.04 $0.00 $117.42 $21,040.12
102 $21,040.12 $155.04 $0.00 $118.96 $21,314.12
103 $21,314.12 $155.04 $0.00 $120.51 $21,589.67
104 $21,589.67 $155.04 $0.00 $122.07 $21,866.78
105 $21,866.78 $155.04 $0.00 $123.64 $22,145.46
106 $22,145.46 $155.04 $0.00 $125.21 $22,425.71
107 $22,425.71 $155.04 $0.00 $126.80 $22,707.55
108 $22,707.55 $155.04 $0.00 $128.39 $22,990.98
109 $22,990.98 $155.04 $0.00 $129.99 $23,276.01
110 $23,276.01 $155.04 $0.00 $131.61 $23,562.66
111 $23,562.66 $155.04 $0.00 $133.23 $23,850.93
112 $23,850.93 $155.04 $0.00 $134.86 $24,140.83
113 $24,140.83 $155.04 $0.00 $136.50 $24,432.37
114 $24,432.37 $155.04 $0.00 $138.14 $24,725.55
115 $24,725.55 $155.04 $0.00 $139.80 $25,020.39
116 $25,020.39 $155.04 $0.00 $141.47 $25,316.90
117 $25,316.90 $155.04 $0.00 $143.15 $25,615.09
118 $25,615.09 $155.04 $0.00 $144.83 $25,914.96
119 $25,914.96 $155.04 $0.00 $146.53 $26,216.53
120 $26,216.53 $155.04 $0.00 $148.23 $26,519.80
121 $26,519.80 $155.04 $0.00 $149.95 $26,824.79
122 $26,824.79 $155.04 $0.00 $151.67 $27,131.50
123 $27,131.50 $155.04 $0.00 $153.41 $27,439.95
124 $27,439.95 $155.04 $0.00 $155.15 $27,750.14
125 $27,750.14 $155.04 $0.00 $156.90 $28,062.08
126 $28,062.08 $155.04 $0.00 $158.67 $28,375.79
127 $28,375.79 $155.04 $0.00 $160.44 $28,691.27
128 $28,691.27 $155.04 $0.00 $162.22 $29,008.53
129 $29,008.53 $155.04 $0.00 $164.02 $29,327.59
130 $29,327.59 $155.04 $0.00 $165.82 $29,648.45
131 $29,648.45 $155.04 $0.00 $167.64 $29,971.13
132 $29,971.13 $155.04 $0.00 $169.46 $30,295.63
133 $30,295.63 $155.04 $0.00 $171.30 $30,621.97
134 $30,621.97 $155.04 $0.00 $173.14 $30,950.15
135 $30,950.15 $155.04 $0.00 $175.00 $31,280.19
136 $31,280.19 $155.04 $0.00 $176.86 $31,612.09
137 $31,612.09 $155.04 $0.00 $178.74 $31,945.87
138 $31,945.87 $155.04 $0.00 $180.63 $32,281.54
139 $32,281.54 $155.04 $0.00 $182.52 $32,619.10
140 $32,619.10 $155.04 $0.00 $184.43 $32,958.57
141 $32,958.57 $155.04 $0.00 $186.35 $33,299.96
142 $33,299.96 $155.04 $0.00 $188.28 $33,643.28
143 $33,643.28 $155.04 $0.00 $190.22 $33,988.54
144 $33,988.54 $155.04 $0.00 $192.18 $34,335.76
145 $34,335.76 $155.04 $0.00 $194.14 $34,684.94
146 $34,684.94 $155.04 $0.00 $196.11 $35,036.09
147 $35,036.09 $155.04 $0.00 $198.10 $35,389.23
148 $35,389.23 $155.04 $0.00 $200.10 $35,744.37
149 $35,744.37 $155.04 $0.00 $202.10 $36,101.51
150 $36,101.51 $155.04 $0.00 $204.12 $36,460.67
151 $36,460.67 $155.04 $0.00 $206.15 $36,821.86
152 $36,821.86 $155.04 $0.00 $208.20 $37,185.10
153 $37,185.10 $155.04 $0.00 $210.25 $37,550.39
154 $37,550.39 $155.04 $0.00 $212.32 $37,917.75
155 $37,917.75 $155.04 $0.00 $214.39 $38,287.18
156 $38,287.18 $155.04 $0.00 $216.48 $38,658.70
157 $38,658.70 $155.04 $0.00 $218.58 $39,032.32
158 $39,032.32 $155.04 $0.00 $220.69 $39,408.05
159 $39,408.05 $155.04 $0.00 $222.82 $39,785.91
160 $39,785.91 $155.04 $0.00 $224.96 $40,165.91
161 $40,165.91 $155.04 $0.00 $227.10 $40,548.05
162 $40,548.05 $155.04 $0.00 $229.26 $40,932.35
163 $40,932.35 $155.04 $0.00 $231.44 $41,318.83
164 $41,318.83 $155.04 $0.00 $233.62 $41,707.49
165 $41,707.49 $155.04 $0.00 $235.82 $42,098.35
166 $42,098.35 $155.04 $0.00 $238.03 $42,491.42
167 $42,491.42 $155.04 $0.00 $240.25 $42,886.71
168 $42,886.71 $155.04 $0.00 $242.49 $43,284.24
169 $43,284.24 $155.04 $0.00 $244.74 $43,684.02
170 $43,684.02 $155.04 $0.00 $247.00 $44,086.06
171 $44,086.06 $155.04 $0.00 $249.27 $44,490.37
172 $44,490.37 $155.04 $0.00 $251.56 $44,896.97
173 $44,896.97 $155.04 $0.00 $253.85 $45,305.86
174 $45,305.86 $155.04 $0.00 $256.17 $45,717.07
175 $45,717.07 $155.04 $0.00 $258.49 $46,130.60
176 $46,130.60 $155.04 $0.00 $260.83 $46,546.47
177 $46,546.47 $155.04 $0.00 $263.18 $46,964.69
178 $46,964.69 $155.04 $0.00 $265.55 $47,385.28
179 $47,385.28 $155.04 $0.00 $267.92 $47,808.24
180 $47,808.24 $155.04 $0.00 $270.31 $48,233.59
181 $48,233.59 $155.04 $0.00 $272.72 $48,661.35
182 $48,661.35 $155.04 $0.00 $275.14 $49,091.53
183 $49,091.53 $155.04 $0.00 $277.57 $49,524.14
184 $49,524.14 $155.04 $0.00 $280.02 $49,959.20
185 $49,959.20 $155.04 $0.00 $282.48 $50,396.72
186 $50,396.72 $155.04 $0.00 $284.95 $50,836.71
187 $50,836.71 $155.04 $0.00 $287.44 $51,279.19
188 $51,279.19 $155.04 $0.00 $289.94 $51,724.17
189 $51,724.17 $155.04 $0.00 $292.46 $52,171.67
190 $52,171.67 $155.04 $0.00 $294.99 $52,621.70
191 $52,621.70 $155.04 $0.00 $297.53 $53,074.27
192 $53,074.27 $155.04 $0.00 $300.09 $53,529.40
193 $53,529.40 $155.04 $0.00 $302.66 $53,987.10
194 $53,987.10 $155.04 $0.00 $305.25 $54,447.39
195 $54,447.39 $155.04 $0.00 $307.85 $54,910.28
196 $54,910.28 $155.04 $0.00 $310.47 $55,375.79
197 $55,375.79 $155.04 $0.00 $313.10 $55,843.93
198 $55,843.93 $155.04 $0.00 $315.75 $56,314.72
199 $56,314.72 $155.04 $0.00 $318.41 $56,788.17
200 $56,788.17 $155.04 $0.00 $321.09 $57,264.30
201 $57,264.30 $155.04 $0.00 $323.78 $57,743.12
202 $57,743.12 $155.04 $0.00 $326.49 $58,224.65
203 $58,224.65 $155.04 $0.00 $329.21 $58,708.90
204 $58,708.90 $155.04 $0.00 $331.95 $59,195.89
205 $59,195.89 $155.04 $0.00 $334.70 $59,685.63
206 $59,685.63 $155.04 $0.00 $337.47 $60,178.14
207 $60,178.14 $155.04 $0.00 $340.26 $60,673.44
208 $60,673.44 $155.04 $0.00 $343.06 $61,171.54
209 $61,171.54 $155.04 $0.00 $345.87 $61,672.45
210 $61,672.45 $155.04 $0.00 $348.70 $62,176.19
211 $62,176.19 $155.04 $0.00 $351.55 $62,682.78
212 $62,682.78 $155.04 $0.00 $354.42 $63,192.24
213 $63,192.24 $155.04 $0.00 $357.30 $63,704.58
214 $63,704.58 $155.04 $0.00 $360.19 $64,219.81
215 $64,219.81 $155.04 $0.00 $363.11 $64,737.96
216 $64,737.96 $155.04 $0.00 $366.04 $65,259.04
217 $65,259.04 $155.04 $34,034.41 $368.98 $31,748.65
218 $31,748.65 $155.04 $0.00 $179.51 $32,083.20
219 $32,083.20 $155.04 $0.00 $181.40 $32,419.64
220 $32,419.64 $155.04 $0.00 $183.31 $32,757.99
221 $32,757.99 $155.04 $0.00 $185.22 $33,098.25
222 $33,098.25 $155.04 $0.00 $187.14 $33,440.43
223 $33,440.43 $155.04 $0.00 $189.08 $33,784.55
224 $33,784.55 $155.04 $0.00 $191.02 $34,130.61
225 $34,130.61 $155.04 $0.00 $192.98 $34,478.63
226 $34,478.63 $155.04 $0.00 $194.95 $34,828.62
227 $34,828.62 $155.04 $0.00 $196.93 $35,180.59
228 $35,180.59 $155.04 $0.00 $198.92 $35,534.55
229 $35,534.55 $0.00 $35,736.13 $200.92 ($0.66)