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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$32,939
Monthly savings required$261

How much will it cost to send your child to Midland College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $131,755.68 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $260.74 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$12,702.00
Years until enrollment18
Annual Tuition Increase5%
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 $260.74 $0.00 $0.00 $260.74
2 $260.74 $260.74 $0.00 $1.47 $522.95
3 $522.95 $260.74 $0.00 $2.96 $786.65
4 $786.65 $260.74 $0.00 $4.45 $1,051.84
5 $1,051.84 $260.74 $0.00 $5.95 $1,318.53
6 $1,318.53 $260.74 $0.00 $7.46 $1,586.73
7 $1,586.73 $260.74 $0.00 $8.97 $1,856.44
8 $1,856.44 $260.74 $0.00 $10.50 $2,127.68
9 $2,127.68 $260.74 $0.00 $12.03 $2,400.45
10 $2,400.45 $260.74 $0.00 $13.57 $2,674.76
11 $2,674.76 $260.74 $0.00 $15.12 $2,950.62
12 $2,950.62 $260.74 $0.00 $16.68 $3,228.04
13 $3,228.04 $260.74 $0.00 $18.25 $3,507.03
14 $3,507.03 $260.74 $0.00 $19.83 $3,787.60
15 $3,787.60 $260.74 $0.00 $21.42 $4,069.76
16 $4,069.76 $260.74 $0.00 $23.01 $4,353.51
17 $4,353.51 $260.74 $0.00 $24.62 $4,638.87
18 $4,638.87 $260.74 $0.00 $26.23 $4,925.84
19 $4,925.84 $260.74 $0.00 $27.85 $5,214.43
20 $5,214.43 $260.74 $0.00 $29.48 $5,504.65
21 $5,504.65 $260.74 $0.00 $31.12 $5,796.51
22 $5,796.51 $260.74 $0.00 $32.77 $6,090.02
23 $6,090.02 $260.74 $0.00 $34.43 $6,385.19
24 $6,385.19 $260.74 $0.00 $36.10 $6,682.03
25 $6,682.03 $260.74 $0.00 $37.78 $6,980.55
26 $6,980.55 $260.74 $0.00 $39.47 $7,280.76
27 $7,280.76 $260.74 $0.00 $41.17 $7,582.67
28 $7,582.67 $260.74 $0.00 $42.87 $7,886.28
29 $7,886.28 $260.74 $0.00 $44.59 $8,191.61
30 $8,191.61 $260.74 $0.00 $46.32 $8,498.67
31 $8,498.67 $260.74 $0.00 $48.05 $8,807.46
32 $8,807.46 $260.74 $0.00 $49.80 $9,118.00
33 $9,118.00 $260.74 $0.00 $51.55 $9,430.29
34 $9,430.29 $260.74 $0.00 $53.32 $9,744.35
35 $9,744.35 $260.74 $0.00 $55.10 $10,060.19
36 $10,060.19 $260.74 $0.00 $56.88 $10,377.81
37 $10,377.81 $260.74 $0.00 $58.68 $10,697.23
38 $10,697.23 $260.74 $0.00 $60.48 $11,018.45
39 $11,018.45 $260.74 $0.00 $62.30 $11,341.49
40 $11,341.49 $260.74 $0.00 $64.13 $11,666.36
41 $11,666.36 $260.74 $0.00 $65.96 $11,993.06
42 $11,993.06 $260.74 $0.00 $67.81 $12,321.61
43 $12,321.61 $260.74 $0.00 $69.67 $12,652.02
44 $12,652.02 $260.74 $0.00 $71.54 $12,984.30
45 $12,984.30 $260.74 $0.00 $73.42 $13,318.46
46 $13,318.46 $260.74 $0.00 $75.30 $13,654.50
47 $13,654.50 $260.74 $0.00 $77.20 $13,992.44
48 $13,992.44 $260.74 $0.00 $79.12 $14,332.30
49 $14,332.30 $260.74 $0.00 $81.04 $14,674.08
50 $14,674.08 $260.74 $0.00 $82.97 $15,017.79
51 $15,017.79 $260.74 $0.00 $84.91 $15,363.44
52 $15,363.44 $260.74 $0.00 $86.87 $15,711.05
53 $15,711.05 $260.74 $0.00 $88.83 $16,060.62
54 $16,060.62 $260.74 $0.00 $90.81 $16,412.17
55 $16,412.17 $260.74 $0.00 $92.80 $16,765.71
56 $16,765.71 $260.74 $0.00 $94.80 $17,121.25
57 $17,121.25 $260.74 $0.00 $96.81 $17,478.80
58 $17,478.80 $260.74 $0.00 $98.83 $17,838.37
59 $17,838.37 $260.74 $0.00 $100.86 $18,199.97
60 $18,199.97 $260.74 $0.00 $102.91 $18,563.62
61 $18,563.62 $260.74 $0.00 $104.96 $18,929.32
62 $18,929.32 $260.74 $0.00 $107.03 $19,297.09
63 $19,297.09 $260.74 $0.00 $109.11 $19,666.94
64 $19,666.94 $260.74 $0.00 $111.20 $20,038.88
65 $20,038.88 $260.74 $0.00 $113.30 $20,412.92
66 $20,412.92 $260.74 $0.00 $115.42 $20,789.08
67 $20,789.08 $260.74 $0.00 $117.54 $21,167.36
68 $21,167.36 $260.74 $0.00 $119.68 $21,547.78
69 $21,547.78 $260.74 $0.00 $121.83 $21,930.35
70 $21,930.35 $260.74 $0.00 $124.00 $22,315.09
71 $22,315.09 $260.74 $0.00 $126.17 $22,702.00
72 $22,702.00 $260.74 $0.00 $128.36 $23,091.10
73 $23,091.10 $260.74 $0.00 $130.56 $23,482.40
74 $23,482.40 $260.74 $0.00 $132.77 $23,875.91
75 $23,875.91 $260.74 $0.00 $135.00 $24,271.65
76 $24,271.65 $260.74 $0.00 $137.24 $24,669.63
77 $24,669.63 $260.74 $0.00 $139.49 $25,069.86
78 $25,069.86 $260.74 $0.00 $141.75 $25,472.35
79 $25,472.35 $260.74 $0.00 $144.02 $25,877.11
80 $25,877.11 $260.74 $0.00 $146.31 $26,284.16
81 $26,284.16 $260.74 $0.00 $148.61 $26,693.51
82 $26,693.51 $260.74 $0.00 $150.93 $27,105.18
83 $27,105.18 $260.74 $0.00 $153.26 $27,519.18
84 $27,519.18 $260.74 $0.00 $155.60 $27,935.52
85 $27,935.52 $260.74 $0.00 $157.95 $28,354.21
86 $28,354.21 $260.74 $0.00 $160.32 $28,775.27
87 $28,775.27 $260.74 $0.00 $162.70 $29,198.71
88 $29,198.71 $260.74 $0.00 $165.09 $29,624.54
89 $29,624.54 $260.74 $0.00 $167.50 $30,052.78
90 $30,052.78 $260.74 $0.00 $169.92 $30,483.44
91 $30,483.44 $260.74 $0.00 $172.36 $30,916.54
92 $30,916.54 $260.74 $0.00 $174.81 $31,352.09
93 $31,352.09 $260.74 $0.00 $177.27 $31,790.10
94 $31,790.10 $260.74 $0.00 $179.75 $32,230.59
95 $32,230.59 $260.74 $0.00 $182.24 $32,673.57
96 $32,673.57 $260.74 $0.00 $184.74 $33,119.05
97 $33,119.05 $260.74 $0.00 $187.26 $33,567.05
98 $33,567.05 $260.74 $0.00 $189.79 $34,017.58
99 $34,017.58 $260.74 $0.00 $192.34 $34,470.66
100 $34,470.66 $260.74 $0.00 $194.90 $34,926.30
101 $34,926.30 $260.74 $0.00 $197.48 $35,384.52
102 $35,384.52 $260.74 $0.00 $200.07 $35,845.33
103 $35,845.33 $260.74 $0.00 $202.67 $36,308.74
104 $36,308.74 $260.74 $0.00 $205.29 $36,774.77
105 $36,774.77 $260.74 $0.00 $207.93 $37,243.44
106 $37,243.44 $260.74 $0.00 $210.58 $37,714.76
107 $37,714.76 $260.74 $0.00 $213.24 $38,188.74
108 $38,188.74 $260.74 $0.00 $215.92 $38,665.40
109 $38,665.40 $260.74 $0.00 $218.62 $39,144.76
110 $39,144.76 $260.74 $0.00 $221.33 $39,626.83
111 $39,626.83 $260.74 $0.00 $224.06 $40,111.63
112 $40,111.63 $260.74 $0.00 $226.80 $40,599.17
113 $40,599.17 $260.74 $0.00 $229.55 $41,089.46
114 $41,089.46 $260.74 $0.00 $232.33 $41,582.53
115 $41,582.53 $260.74 $0.00 $235.11 $42,078.38
116 $42,078.38 $260.74 $0.00 $237.92 $42,577.04
117 $42,577.04 $260.74 $0.00 $240.74 $43,078.52
118 $43,078.52 $260.74 $0.00 $243.57 $43,582.83
119 $43,582.83 $260.74 $0.00 $246.42 $44,089.99
120 $44,089.99 $260.74 $0.00 $249.29 $44,600.02
121 $44,600.02 $260.74 $0.00 $252.17 $45,112.93
122 $45,112.93 $260.74 $0.00 $255.08 $45,628.75
123 $45,628.75 $260.74 $0.00 $257.99 $46,147.48
124 $46,147.48 $260.74 $0.00 $260.92 $46,669.14
125 $46,669.14 $260.74 $0.00 $263.87 $47,193.75
126 $47,193.75 $260.74 $0.00 $266.84 $47,721.33
127 $47,721.33 $260.74 $0.00 $269.82 $48,251.89
128 $48,251.89 $260.74 $0.00 $272.82 $48,785.45
129 $48,785.45 $260.74 $0.00 $275.84 $49,322.03
130 $49,322.03 $260.74 $0.00 $278.87 $49,861.64
131 $49,861.64 $260.74 $0.00 $281.92 $50,404.30
132 $50,404.30 $260.74 $0.00 $284.99 $50,950.03
133 $50,950.03 $260.74 $0.00 $288.08 $51,498.85
134 $51,498.85 $260.74 $0.00 $291.18 $52,050.77
135 $52,050.77 $260.74 $0.00 $294.30 $52,605.81
136 $52,605.81 $260.74 $0.00 $297.44 $53,163.99
137 $53,163.99 $260.74 $0.00 $300.60 $53,725.33
138 $53,725.33 $260.74 $0.00 $303.77 $54,289.84
139 $54,289.84 $260.74 $0.00 $306.96 $54,857.54
140 $54,857.54 $260.74 $0.00 $310.17 $55,428.45
141 $55,428.45 $260.74 $0.00 $313.40 $56,002.59
142 $56,002.59 $260.74 $0.00 $316.65 $56,579.98
143 $56,579.98 $260.74 $0.00 $319.91 $57,160.63
144 $57,160.63 $260.74 $0.00 $323.19 $57,744.56
145 $57,744.56 $260.74 $0.00 $326.50 $58,331.80
146 $58,331.80 $260.74 $0.00 $329.82 $58,922.36
147 $58,922.36 $260.74 $0.00 $333.16 $59,516.26
148 $59,516.26 $260.74 $0.00 $336.51 $60,113.51
149 $60,113.51 $260.74 $0.00 $339.89 $60,714.14
150 $60,714.14 $260.74 $0.00 $343.29 $61,318.17
151 $61,318.17 $260.74 $0.00 $346.70 $61,925.61
152 $61,925.61 $260.74 $0.00 $350.14 $62,536.49
153 $62,536.49 $260.74 $0.00 $353.59 $63,150.82
154 $63,150.82 $260.74 $0.00 $357.06 $63,768.62
155 $63,768.62 $260.74 $0.00 $360.56 $64,389.92
156 $64,389.92 $260.74 $0.00 $364.07 $65,014.73
157 $65,014.73 $260.74 $0.00 $367.60 $65,643.07
158 $65,643.07 $260.74 $0.00 $371.16 $66,274.97
159 $66,274.97 $260.74 $0.00 $374.73 $66,910.44
160 $66,910.44 $260.74 $0.00 $378.32 $67,549.50
161 $67,549.50 $260.74 $0.00 $381.93 $68,192.17
162 $68,192.17 $260.74 $0.00 $385.57 $68,838.48
163 $68,838.48 $260.74 $0.00 $389.22 $69,488.44
164 $69,488.44 $260.74 $0.00 $392.90 $70,142.08
165 $70,142.08 $260.74 $0.00 $396.59 $70,799.41
166 $70,799.41 $260.74 $0.00 $400.31 $71,460.46
167 $71,460.46 $260.74 $0.00 $404.05 $72,125.25
168 $72,125.25 $260.74 $0.00 $407.81 $72,793.80
169 $72,793.80 $260.74 $0.00 $411.59 $73,466.13
170 $73,466.13 $260.74 $0.00 $415.39 $74,142.26
171 $74,142.26 $260.74 $0.00 $419.21 $74,822.21
172 $74,822.21 $260.74 $0.00 $423.06 $75,506.01
173 $75,506.01 $260.74 $0.00 $426.92 $76,193.67
174 $76,193.67 $260.74 $0.00 $430.81 $76,885.22
175 $76,885.22 $260.74 $0.00 $434.72 $77,580.68
176 $77,580.68 $260.74 $0.00 $438.65 $78,280.07
177 $78,280.07 $260.74 $0.00 $442.61 $78,983.42
178 $78,983.42 $260.74 $0.00 $446.58 $79,690.74
179 $79,690.74 $260.74 $0.00 $450.58 $80,402.06
180 $80,402.06 $260.74 $0.00 $454.60 $81,117.40
181 $81,117.40 $260.74 $0.00 $458.65 $81,836.79
182 $81,836.79 $260.74 $0.00 $462.72 $82,560.25
183 $82,560.25 $260.74 $0.00 $466.81 $83,287.80
184 $83,287.80 $260.74 $0.00 $470.92 $84,019.46
185 $84,019.46 $260.74 $0.00 $475.06 $84,755.26
186 $84,755.26 $260.74 $0.00 $479.22 $85,495.22
187 $85,495.22 $260.74 $0.00 $483.40 $86,239.36
188 $86,239.36 $260.74 $0.00 $487.61 $86,987.71
189 $86,987.71 $260.74 $0.00 $491.84 $87,740.29
190 $87,740.29 $260.74 $0.00 $496.10 $88,497.13
191 $88,497.13 $260.74 $0.00 $500.38 $89,258.25
192 $89,258.25 $260.74 $0.00 $504.68 $90,023.67
193 $90,023.67 $260.74 $0.00 $509.01 $90,793.42
194 $90,793.42 $260.74 $0.00 $513.36 $91,567.52
195 $91,567.52 $260.74 $0.00 $517.74 $92,346.00
196 $92,346.00 $260.74 $0.00 $522.14 $93,128.88
197 $93,128.88 $260.74 $0.00 $526.56 $93,916.18
198 $93,916.18 $260.74 $0.00 $531.02 $94,707.94
199 $94,707.94 $260.74 $0.00 $535.49 $95,504.17
200 $95,504.17 $260.74 $0.00 $539.99 $96,304.90
201 $96,304.90 $260.74 $0.00 $544.52 $97,110.16
202 $97,110.16 $260.74 $0.00 $549.07 $97,919.97
203 $97,919.97 $260.74 $0.00 $553.65 $98,734.36
204 $98,734.36 $260.74 $0.00 $558.26 $99,553.36
205 $99,553.36 $260.74 $0.00 $562.89 $100,376.99
206 $100,376.99 $260.74 $0.00 $567.55 $101,205.28
207 $101,205.28 $260.74 $0.00 $572.23 $102,038.25
208 $102,038.25 $260.74 $0.00 $576.94 $102,875.93
209 $102,875.93 $260.74 $0.00 $581.68 $103,718.35
210 $103,718.35 $260.74 $0.00 $586.44 $104,565.53
211 $104,565.53 $260.74 $0.00 $591.23 $105,417.50
212 $105,417.50 $260.74 $0.00 $596.05 $106,274.29
213 $106,274.29 $260.74 $0.00 $600.89 $107,135.92
214 $107,135.92 $260.74 $0.00 $605.76 $108,002.42
215 $108,002.42 $260.74 $0.00 $610.66 $108,873.82
216 $108,873.82 $260.74 $0.00 $615.59 $109,750.15
217 $109,750.15 $260.74 $30,568.88 $620.54 $80,062.55
218 $80,062.55 $260.74 $0.00 $452.69 $80,775.98
219 $80,775.98 $260.74 $0.00 $456.72 $81,493.44
220 $81,493.44 $260.74 $0.00 $460.78 $82,214.96
221 $82,214.96 $260.74 $0.00 $464.86 $82,940.56
222 $82,940.56 $260.74 $0.00 $468.96 $83,670.26
223 $83,670.26 $260.74 $0.00 $473.08 $84,404.08
224 $84,404.08 $260.74 $0.00 $477.23 $85,142.05
225 $85,142.05 $260.74 $0.00 $481.41 $85,884.20
226 $85,884.20 $260.74 $0.00 $485.60 $86,630.54
227 $86,630.54 $260.74 $0.00 $489.82 $87,381.10
228 $87,381.10 $260.74 $0.00 $494.07 $88,135.91
229 $88,135.91 $260.74 $32,097.32 $498.33 $56,797.66
230 $56,797.66 $260.74 $0.00 $321.14 $57,379.54
231 $57,379.54 $260.74 $0.00 $324.43 $57,964.71
232 $57,964.71 $260.74 $0.00 $327.74 $58,553.19
233 $58,553.19 $260.74 $0.00 $331.07 $59,145.00
234 $59,145.00 $260.74 $0.00 $334.41 $59,740.15
235 $59,740.15 $260.74 $0.00 $337.78 $60,338.67
236 $60,338.67 $260.74 $0.00 $341.16 $60,940.57
237 $60,940.57 $260.74 $0.00 $344.57 $61,545.88
238 $61,545.88 $260.74 $0.00 $347.99 $62,154.61
239 $62,154.61 $260.74 $0.00 $351.43 $62,766.78
240 $62,766.78 $260.74 $0.00 $354.89 $63,382.41
241 $63,382.41 $260.74 $33,702.19 $358.37 $30,299.33
242 $30,299.33 $260.74 $0.00 $171.32 $30,731.39
243 $30,731.39 $260.74 $0.00 $173.76 $31,165.89
244 $31,165.89 $260.74 $0.00 $176.22 $31,602.85
245 $31,602.85 $260.74 $0.00 $178.69 $32,042.28
246 $32,042.28 $260.74 $0.00 $181.17 $32,484.19
247 $32,484.19 $260.74 $0.00 $183.67 $32,928.60
248 $32,928.60 $260.74 $0.00 $186.18 $33,375.52
249 $33,375.52 $260.74 $0.00 $188.71 $33,824.97
250 $33,824.97 $260.74 $0.00 $191.25 $34,276.96
251 $34,276.96 $260.74 $0.00 $193.81 $34,731.51
252 $34,731.51 $260.74 $0.00 $196.38 $35,188.63
253 $35,188.63 $0.00 $35,387.30 $198.96 $0.29