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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$71,371
Monthly savings required$317

How much will it cost to send your child to Remington College Dallas Campus in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $142,742.96 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $317.20 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$28,933.00
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 $317.20 $0.00 $0.00 $317.20
2 $317.20 $317.20 $0.00 $1.79 $636.19
3 $636.19 $317.20 $0.00 $3.60 $956.99
4 $956.99 $317.20 $0.00 $5.41 $1,279.60
5 $1,279.60 $317.20 $0.00 $7.24 $1,604.04
6 $1,604.04 $317.20 $0.00 $9.07 $1,930.31
7 $1,930.31 $317.20 $0.00 $10.91 $2,258.42
8 $2,258.42 $317.20 $0.00 $12.77 $2,588.39
9 $2,588.39 $317.20 $0.00 $14.64 $2,920.23
10 $2,920.23 $317.20 $0.00 $16.51 $3,253.94
11 $3,253.94 $317.20 $0.00 $18.40 $3,589.54
12 $3,589.54 $317.20 $0.00 $20.30 $3,927.04
13 $3,927.04 $317.20 $0.00 $22.20 $4,266.44
14 $4,266.44 $317.20 $0.00 $24.12 $4,607.76
15 $4,607.76 $317.20 $0.00 $26.05 $4,951.01
16 $4,951.01 $317.20 $0.00 $27.99 $5,296.20
17 $5,296.20 $317.20 $0.00 $29.95 $5,643.35
18 $5,643.35 $317.20 $0.00 $31.91 $5,992.46
19 $5,992.46 $317.20 $0.00 $33.88 $6,343.54
20 $6,343.54 $317.20 $0.00 $35.87 $6,696.61
21 $6,696.61 $317.20 $0.00 $37.86 $7,051.67
22 $7,051.67 $317.20 $0.00 $39.87 $7,408.74
23 $7,408.74 $317.20 $0.00 $41.89 $7,767.83
24 $7,767.83 $317.20 $0.00 $43.92 $8,128.95
25 $8,128.95 $317.20 $0.00 $45.96 $8,492.11
26 $8,492.11 $317.20 $0.00 $48.02 $8,857.33
27 $8,857.33 $317.20 $0.00 $50.08 $9,224.61
28 $9,224.61 $317.20 $0.00 $52.16 $9,593.97
29 $9,593.97 $317.20 $0.00 $54.25 $9,965.42
30 $9,965.42 $317.20 $0.00 $56.35 $10,338.97
31 $10,338.97 $317.20 $0.00 $58.46 $10,714.63
32 $10,714.63 $317.20 $0.00 $60.58 $11,092.41
33 $11,092.41 $317.20 $0.00 $62.72 $11,472.33
34 $11,472.33 $317.20 $0.00 $64.87 $11,854.40
35 $11,854.40 $317.20 $0.00 $67.03 $12,238.63
36 $12,238.63 $317.20 $0.00 $69.20 $12,625.03
37 $12,625.03 $317.20 $0.00 $71.38 $13,013.61
38 $13,013.61 $317.20 $0.00 $73.58 $13,404.39
39 $13,404.39 $317.20 $0.00 $75.79 $13,797.38
40 $13,797.38 $317.20 $0.00 $78.01 $14,192.59
41 $14,192.59 $317.20 $0.00 $80.25 $14,590.04
42 $14,590.04 $317.20 $0.00 $82.49 $14,989.73
43 $14,989.73 $317.20 $0.00 $84.75 $15,391.68
44 $15,391.68 $317.20 $0.00 $87.03 $15,795.91
45 $15,795.91 $317.20 $0.00 $89.31 $16,202.42
46 $16,202.42 $317.20 $0.00 $91.61 $16,611.23
47 $16,611.23 $317.20 $0.00 $93.92 $17,022.35
48 $17,022.35 $317.20 $0.00 $96.25 $17,435.80
49 $17,435.80 $317.20 $0.00 $98.58 $17,851.58
50 $17,851.58 $317.20 $0.00 $100.94 $18,269.72
51 $18,269.72 $317.20 $0.00 $103.30 $18,690.22
52 $18,690.22 $317.20 $0.00 $105.68 $19,113.10
53 $19,113.10 $317.20 $0.00 $108.07 $19,538.37
54 $19,538.37 $317.20 $0.00 $110.47 $19,966.04
55 $19,966.04 $317.20 $0.00 $112.89 $20,396.13
56 $20,396.13 $317.20 $0.00 $115.32 $20,828.65
57 $20,828.65 $317.20 $0.00 $117.77 $21,263.62
58 $21,263.62 $317.20 $0.00 $120.23 $21,701.05
59 $21,701.05 $317.20 $0.00 $122.70 $22,140.95
60 $22,140.95 $317.20 $0.00 $125.19 $22,583.34
61 $22,583.34 $317.20 $0.00 $127.69 $23,028.23
62 $23,028.23 $317.20 $0.00 $130.20 $23,475.63
63 $23,475.63 $317.20 $0.00 $132.73 $23,925.56
64 $23,925.56 $317.20 $0.00 $135.28 $24,378.04
65 $24,378.04 $317.20 $0.00 $137.84 $24,833.08
66 $24,833.08 $317.20 $0.00 $140.41 $25,290.69
67 $25,290.69 $317.20 $0.00 $143.00 $25,750.89
68 $25,750.89 $317.20 $0.00 $145.60 $26,213.69
69 $26,213.69 $317.20 $0.00 $148.22 $26,679.11
70 $26,679.11 $317.20 $0.00 $150.85 $27,147.16
71 $27,147.16 $317.20 $0.00 $153.49 $27,617.85
72 $27,617.85 $317.20 $0.00 $156.16 $28,091.21
73 $28,091.21 $317.20 $0.00 $158.83 $28,567.24
74 $28,567.24 $317.20 $0.00 $161.52 $29,045.96
75 $29,045.96 $317.20 $0.00 $164.23 $29,527.39
76 $29,527.39 $317.20 $0.00 $166.95 $30,011.54
77 $30,011.54 $317.20 $0.00 $169.69 $30,498.43
78 $30,498.43 $317.20 $0.00 $172.44 $30,988.07
79 $30,988.07 $317.20 $0.00 $175.21 $31,480.48
80 $31,480.48 $317.20 $0.00 $178.00 $31,975.68
81 $31,975.68 $317.20 $0.00 $180.80 $32,473.68
82 $32,473.68 $317.20 $0.00 $183.61 $32,974.49
83 $32,974.49 $317.20 $0.00 $186.44 $33,478.13
84 $33,478.13 $317.20 $0.00 $189.29 $33,984.62
85 $33,984.62 $317.20 $0.00 $192.15 $34,493.97
86 $34,493.97 $317.20 $0.00 $195.03 $35,006.20
87 $35,006.20 $317.20 $0.00 $197.93 $35,521.33
88 $35,521.33 $317.20 $0.00 $200.84 $36,039.37
89 $36,039.37 $317.20 $0.00 $203.77 $36,560.34
90 $36,560.34 $317.20 $0.00 $206.72 $37,084.26
91 $37,084.26 $317.20 $0.00 $209.68 $37,611.14
92 $37,611.14 $317.20 $0.00 $212.66 $38,141.00
93 $38,141.00 $317.20 $0.00 $215.65 $38,673.85
94 $38,673.85 $317.20 $0.00 $218.67 $39,209.72
95 $39,209.72 $317.20 $0.00 $221.70 $39,748.62
96 $39,748.62 $317.20 $0.00 $224.74 $40,290.56
97 $40,290.56 $317.20 $0.00 $227.81 $40,835.57
98 $40,835.57 $317.20 $0.00 $230.89 $41,383.66
99 $41,383.66 $317.20 $0.00 $233.99 $41,934.85
100 $41,934.85 $317.20 $0.00 $237.11 $42,489.16
101 $42,489.16 $317.20 $0.00 $240.24 $43,046.60
102 $43,046.60 $317.20 $0.00 $243.39 $43,607.19
103 $43,607.19 $317.20 $0.00 $246.56 $44,170.95
104 $44,170.95 $317.20 $0.00 $249.75 $44,737.90
105 $44,737.90 $317.20 $0.00 $252.95 $45,308.05
106 $45,308.05 $317.20 $0.00 $256.18 $45,881.43
107 $45,881.43 $317.20 $0.00 $259.42 $46,458.05
108 $46,458.05 $317.20 $0.00 $262.68 $47,037.93
109 $47,037.93 $317.20 $0.00 $265.96 $47,621.09
110 $47,621.09 $317.20 $0.00 $269.26 $48,207.55
111 $48,207.55 $317.20 $0.00 $272.57 $48,797.32
112 $48,797.32 $317.20 $0.00 $275.91 $49,390.43
113 $49,390.43 $317.20 $0.00 $279.26 $49,986.89
114 $49,986.89 $317.20 $0.00 $282.63 $50,586.72
115 $50,586.72 $317.20 $0.00 $286.02 $51,189.94
116 $51,189.94 $317.20 $0.00 $289.44 $51,796.58
117 $51,796.58 $317.20 $0.00 $292.87 $52,406.65
118 $52,406.65 $317.20 $0.00 $296.31 $53,020.16
119 $53,020.16 $317.20 $0.00 $299.78 $53,637.14
120 $53,637.14 $317.20 $0.00 $303.27 $54,257.61
121 $54,257.61 $317.20 $0.00 $306.78 $54,881.59
122 $54,881.59 $317.20 $0.00 $310.31 $55,509.10
123 $55,509.10 $317.20 $0.00 $313.86 $56,140.16
124 $56,140.16 $317.20 $0.00 $317.42 $56,774.78
125 $56,774.78 $317.20 $0.00 $321.01 $57,412.99
126 $57,412.99 $317.20 $0.00 $324.62 $58,054.81
127 $58,054.81 $317.20 $0.00 $328.25 $58,700.26
128 $58,700.26 $317.20 $0.00 $331.90 $59,349.36
129 $59,349.36 $317.20 $0.00 $335.57 $60,002.13
130 $60,002.13 $317.20 $0.00 $339.26 $60,658.59
131 $60,658.59 $317.20 $0.00 $342.97 $61,318.76
132 $61,318.76 $317.20 $0.00 $346.71 $61,982.67
133 $61,982.67 $317.20 $0.00 $350.46 $62,650.33
134 $62,650.33 $317.20 $0.00 $354.23 $63,321.76
135 $63,321.76 $317.20 $0.00 $358.03 $63,996.99
136 $63,996.99 $317.20 $0.00 $361.85 $64,676.04
137 $64,676.04 $317.20 $0.00 $365.69 $65,358.93
138 $65,358.93 $317.20 $0.00 $369.55 $66,045.68
139 $66,045.68 $317.20 $0.00 $373.43 $66,736.31
140 $66,736.31 $317.20 $0.00 $377.34 $67,430.85
141 $67,430.85 $317.20 $0.00 $381.26 $68,129.31
142 $68,129.31 $317.20 $0.00 $385.21 $68,831.72
143 $68,831.72 $317.20 $0.00 $389.18 $69,538.10
144 $69,538.10 $317.20 $0.00 $393.18 $70,248.48
145 $70,248.48 $317.20 $0.00 $397.20 $70,962.88
146 $70,962.88 $317.20 $0.00 $401.23 $71,681.31
147 $71,681.31 $317.20 $0.00 $405.30 $72,403.81
148 $72,403.81 $317.20 $0.00 $409.38 $73,130.39
149 $73,130.39 $317.20 $0.00 $413.49 $73,861.08
150 $73,861.08 $317.20 $0.00 $417.62 $74,595.90
151 $74,595.90 $317.20 $0.00 $421.78 $75,334.88
152 $75,334.88 $317.20 $0.00 $425.95 $76,078.03
153 $76,078.03 $317.20 $0.00 $430.16 $76,825.39
154 $76,825.39 $317.20 $0.00 $434.38 $77,576.97
155 $77,576.97 $317.20 $0.00 $438.63 $78,332.80
156 $78,332.80 $317.20 $0.00 $442.91 $79,092.91
157 $79,092.91 $317.20 $0.00 $447.20 $79,857.31
158 $79,857.31 $317.20 $0.00 $451.52 $80,626.03
159 $80,626.03 $317.20 $0.00 $455.87 $81,399.10
160 $81,399.10 $317.20 $0.00 $460.24 $82,176.54
161 $82,176.54 $317.20 $0.00 $464.64 $82,958.38
162 $82,958.38 $317.20 $0.00 $469.06 $83,744.64
163 $83,744.64 $317.20 $0.00 $473.50 $84,535.34
164 $84,535.34 $317.20 $0.00 $477.98 $85,330.52
165 $85,330.52 $317.20 $0.00 $482.47 $86,130.19
166 $86,130.19 $317.20 $0.00 $486.99 $86,934.38
167 $86,934.38 $317.20 $0.00 $491.54 $87,743.12
168 $87,743.12 $317.20 $0.00 $496.11 $88,556.43
169 $88,556.43 $317.20 $0.00 $500.71 $89,374.34
170 $89,374.34 $317.20 $0.00 $505.34 $90,196.88
171 $90,196.88 $317.20 $0.00 $509.99 $91,024.07
172 $91,024.07 $317.20 $0.00 $514.66 $91,855.93
173 $91,855.93 $317.20 $0.00 $519.37 $92,692.50
174 $92,692.50 $317.20 $0.00 $524.10 $93,533.80
175 $93,533.80 $317.20 $0.00 $528.85 $94,379.85
176 $94,379.85 $317.20 $0.00 $533.64 $95,230.69
177 $95,230.69 $317.20 $0.00 $538.45 $96,086.34
178 $96,086.34 $317.20 $0.00 $543.29 $96,946.83
179 $96,946.83 $317.20 $0.00 $548.15 $97,812.18
180 $97,812.18 $317.20 $0.00 $553.04 $98,682.42
181 $98,682.42 $317.20 $0.00 $557.96 $99,557.58
182 $99,557.58 $317.20 $0.00 $562.91 $100,437.69
183 $100,437.69 $317.20 $0.00 $567.89 $101,322.78
184 $101,322.78 $317.20 $0.00 $572.89 $102,212.87
185 $102,212.87 $317.20 $0.00 $577.93 $103,108.00
186 $103,108.00 $317.20 $0.00 $582.99 $104,008.19
187 $104,008.19 $317.20 $0.00 $588.08 $104,913.47
188 $104,913.47 $317.20 $0.00 $593.20 $105,823.87
189 $105,823.87 $317.20 $0.00 $598.34 $106,739.41
190 $106,739.41 $317.20 $0.00 $603.52 $107,660.13
191 $107,660.13 $317.20 $0.00 $608.73 $108,586.06
192 $108,586.06 $317.20 $0.00 $613.96 $109,517.22
193 $109,517.22 $317.20 $0.00 $619.23 $110,453.65
194 $110,453.65 $317.20 $0.00 $624.52 $111,395.37
195 $111,395.37 $317.20 $0.00 $629.85 $112,342.42
196 $112,342.42 $317.20 $0.00 $635.20 $113,294.82
197 $113,294.82 $317.20 $0.00 $640.59 $114,252.61
198 $114,252.61 $317.20 $0.00 $646.00 $115,215.81
199 $115,215.81 $317.20 $0.00 $651.45 $116,184.46
200 $116,184.46 $317.20 $0.00 $656.92 $117,158.58
201 $117,158.58 $317.20 $0.00 $662.43 $118,138.21
202 $118,138.21 $317.20 $0.00 $667.97 $119,123.38
203 $119,123.38 $317.20 $0.00 $673.54 $120,114.12
204 $120,114.12 $317.20 $0.00 $679.14 $121,110.46
205 $121,110.46 $317.20 $0.00 $684.78 $122,112.44
206 $122,112.44 $317.20 $0.00 $690.44 $123,120.08
207 $123,120.08 $317.20 $0.00 $696.14 $124,133.42
208 $124,133.42 $317.20 $0.00 $701.87 $125,152.49
209 $125,152.49 $317.20 $0.00 $707.63 $126,177.32
210 $126,177.32 $317.20 $0.00 $713.42 $127,207.94
211 $127,207.94 $317.20 $0.00 $719.25 $128,244.39
212 $128,244.39 $317.20 $0.00 $725.11 $129,286.70
213 $129,286.70 $317.20 $0.00 $731.01 $130,334.91
214 $130,334.91 $317.20 $0.00 $736.93 $131,389.04
215 $131,389.04 $317.20 $0.00 $742.89 $132,449.13
216 $132,449.13 $317.20 $0.00 $748.89 $133,515.22
217 $133,515.22 $317.20 $69,630.71 $754.91 $64,956.62
218 $64,956.62 $317.20 $0.00 $367.27 $65,641.09
219 $65,641.09 $317.20 $0.00 $371.14 $66,329.43
220 $66,329.43 $317.20 $0.00 $375.04 $67,021.67
221 $67,021.67 $317.20 $0.00 $378.95 $67,717.82
222 $67,717.82 $317.20 $0.00 $382.89 $68,417.91
223 $68,417.91 $317.20 $0.00 $386.84 $69,121.95
224 $69,121.95 $317.20 $0.00 $390.83 $69,829.98
225 $69,829.98 $317.20 $0.00 $394.83 $70,542.01
226 $70,542.01 $317.20 $0.00 $398.85 $71,258.06
227 $71,258.06 $317.20 $0.00 $402.90 $71,978.16
228 $71,978.16 $317.20 $0.00 $406.97 $72,702.33
229 $72,702.33 $0.00 $73,112.25 $411.07 $1.15