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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$36,402
Monthly savings required$162

How much will it cost to send your child to Southwest Texas Junior College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $72,804.68 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $161.79 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$14,757.00
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 $161.79 $0.00 $0.00 $161.79
2 $161.79 $161.79 $0.00 $0.91 $324.49
3 $324.49 $161.79 $0.00 $1.83 $488.11
4 $488.11 $161.79 $0.00 $2.76 $652.66
5 $652.66 $161.79 $0.00 $3.69 $818.14
6 $818.14 $161.79 $0.00 $4.63 $984.56
7 $984.56 $161.79 $0.00 $5.57 $1,151.92
8 $1,151.92 $161.79 $0.00 $6.51 $1,320.22
9 $1,320.22 $161.79 $0.00 $7.46 $1,489.47
10 $1,489.47 $161.79 $0.00 $8.42 $1,659.68
11 $1,659.68 $161.79 $0.00 $9.38 $1,830.85
12 $1,830.85 $161.79 $0.00 $10.35 $2,002.99
13 $2,002.99 $161.79 $0.00 $11.33 $2,176.11
14 $2,176.11 $161.79 $0.00 $12.30 $2,350.20
15 $2,350.20 $161.79 $0.00 $13.29 $2,525.28
16 $2,525.28 $161.79 $0.00 $14.28 $2,701.35
17 $2,701.35 $161.79 $0.00 $15.27 $2,878.41
18 $2,878.41 $161.79 $0.00 $16.27 $3,056.47
19 $3,056.47 $161.79 $0.00 $17.28 $3,235.54
20 $3,235.54 $161.79 $0.00 $18.29 $3,415.62
21 $3,415.62 $161.79 $0.00 $19.31 $3,596.72
22 $3,596.72 $161.79 $0.00 $20.34 $3,778.85
23 $3,778.85 $161.79 $0.00 $21.37 $3,962.01
24 $3,962.01 $161.79 $0.00 $22.40 $4,146.20
25 $4,146.20 $161.79 $0.00 $23.44 $4,331.43
26 $4,331.43 $161.79 $0.00 $24.49 $4,517.71
27 $4,517.71 $161.79 $0.00 $25.54 $4,705.04
28 $4,705.04 $161.79 $0.00 $26.60 $4,893.43
29 $4,893.43 $161.79 $0.00 $27.67 $5,082.89
30 $5,082.89 $161.79 $0.00 $28.74 $5,273.42
31 $5,273.42 $161.79 $0.00 $29.82 $5,465.03
32 $5,465.03 $161.79 $0.00 $30.90 $5,657.72
33 $5,657.72 $161.79 $0.00 $31.99 $5,851.50
34 $5,851.50 $161.79 $0.00 $33.09 $6,046.38
35 $6,046.38 $161.79 $0.00 $34.19 $6,242.36
36 $6,242.36 $161.79 $0.00 $35.30 $6,439.45
37 $6,439.45 $161.79 $0.00 $36.41 $6,637.65
38 $6,637.65 $161.79 $0.00 $37.53 $6,836.97
39 $6,836.97 $161.79 $0.00 $38.66 $7,037.42
40 $7,037.42 $161.79 $0.00 $39.79 $7,239.00
41 $7,239.00 $161.79 $0.00 $40.93 $7,441.72
42 $7,441.72 $161.79 $0.00 $42.08 $7,645.59
43 $7,645.59 $161.79 $0.00 $43.23 $7,850.61
44 $7,850.61 $161.79 $0.00 $44.39 $8,056.79
45 $8,056.79 $161.79 $0.00 $45.55 $8,264.13
46 $8,264.13 $161.79 $0.00 $46.73 $8,472.65
47 $8,472.65 $161.79 $0.00 $47.91 $8,682.35
48 $8,682.35 $161.79 $0.00 $49.09 $8,893.23
49 $8,893.23 $161.79 $0.00 $50.28 $9,105.30
50 $9,105.30 $161.79 $0.00 $51.48 $9,318.57
51 $9,318.57 $161.79 $0.00 $52.69 $9,533.05
52 $9,533.05 $161.79 $0.00 $53.90 $9,748.74
53 $9,748.74 $161.79 $0.00 $55.12 $9,965.65
54 $9,965.65 $161.79 $0.00 $56.35 $10,183.79
55 $10,183.79 $161.79 $0.00 $57.58 $10,403.16
56 $10,403.16 $161.79 $0.00 $58.82 $10,623.77
57 $10,623.77 $161.79 $0.00 $60.07 $10,845.63
58 $10,845.63 $161.79 $0.00 $61.32 $11,068.74
59 $11,068.74 $161.79 $0.00 $62.58 $11,293.11
60 $11,293.11 $161.79 $0.00 $63.85 $11,518.75
61 $11,518.75 $161.79 $0.00 $65.13 $11,745.67
62 $11,745.67 $161.79 $0.00 $66.41 $11,973.87
63 $11,973.87 $161.79 $0.00 $67.70 $12,203.36
64 $12,203.36 $161.79 $0.00 $69.00 $12,434.15
65 $12,434.15 $161.79 $0.00 $70.30 $12,666.24
66 $12,666.24 $161.79 $0.00 $71.62 $12,899.65
67 $12,899.65 $161.79 $0.00 $72.94 $13,134.38
68 $13,134.38 $161.79 $0.00 $74.26 $13,370.43
69 $13,370.43 $161.79 $0.00 $75.60 $13,607.82
70 $13,607.82 $161.79 $0.00 $76.94 $13,846.55
71 $13,846.55 $161.79 $0.00 $78.29 $14,086.63
72 $14,086.63 $161.79 $0.00 $79.65 $14,328.07
73 $14,328.07 $161.79 $0.00 $81.01 $14,570.87
74 $14,570.87 $161.79 $0.00 $82.39 $14,815.05
75 $14,815.05 $161.79 $0.00 $83.77 $15,060.61
76 $15,060.61 $161.79 $0.00 $85.15 $15,307.55
77 $15,307.55 $161.79 $0.00 $86.55 $15,555.89
78 $15,555.89 $161.79 $0.00 $87.96 $15,805.64
79 $15,805.64 $161.79 $0.00 $89.37 $16,056.80
80 $16,056.80 $161.79 $0.00 $90.79 $16,309.38
81 $16,309.38 $161.79 $0.00 $92.22 $16,563.39
82 $16,563.39 $161.79 $0.00 $93.65 $16,818.83
83 $16,818.83 $161.79 $0.00 $95.10 $17,075.72
84 $17,075.72 $161.79 $0.00 $96.55 $17,334.06
85 $17,334.06 $161.79 $0.00 $98.01 $17,593.86
86 $17,593.86 $161.79 $0.00 $99.48 $17,855.13
87 $17,855.13 $161.79 $0.00 $100.96 $18,117.88
88 $18,117.88 $161.79 $0.00 $102.44 $18,382.11
89 $18,382.11 $161.79 $0.00 $103.94 $18,647.84
90 $18,647.84 $161.79 $0.00 $105.44 $18,915.07
91 $18,915.07 $161.79 $0.00 $106.95 $19,183.81
92 $19,183.81 $161.79 $0.00 $108.47 $19,454.07
93 $19,454.07 $161.79 $0.00 $110.00 $19,725.86
94 $19,725.86 $161.79 $0.00 $111.53 $19,999.18
95 $19,999.18 $161.79 $0.00 $113.08 $20,274.05
96 $20,274.05 $161.79 $0.00 $114.63 $20,550.47
97 $20,550.47 $161.79 $0.00 $116.20 $20,828.46
98 $20,828.46 $161.79 $0.00 $117.77 $21,108.02
99 $21,108.02 $161.79 $0.00 $119.35 $21,389.16
100 $21,389.16 $161.79 $0.00 $120.94 $21,671.89
101 $21,671.89 $161.79 $0.00 $122.54 $21,956.22
102 $21,956.22 $161.79 $0.00 $124.14 $22,242.15
103 $22,242.15 $161.79 $0.00 $125.76 $22,529.70
104 $22,529.70 $161.79 $0.00 $127.39 $22,818.88
105 $22,818.88 $161.79 $0.00 $129.02 $23,109.69
106 $23,109.69 $161.79 $0.00 $130.67 $23,402.15
107 $23,402.15 $161.79 $0.00 $132.32 $23,696.26
108 $23,696.26 $161.79 $0.00 $133.98 $23,992.03
109 $23,992.03 $161.79 $0.00 $135.65 $24,289.47
110 $24,289.47 $161.79 $0.00 $137.34 $24,588.60
111 $24,588.60 $161.79 $0.00 $139.03 $24,889.42
112 $24,889.42 $161.79 $0.00 $140.73 $25,191.94
113 $25,191.94 $161.79 $0.00 $142.44 $25,496.17
114 $25,496.17 $161.79 $0.00 $144.16 $25,802.12
115 $25,802.12 $161.79 $0.00 $145.89 $26,109.80
116 $26,109.80 $161.79 $0.00 $147.63 $26,419.22
117 $26,419.22 $161.79 $0.00 $149.38 $26,730.39
118 $26,730.39 $161.79 $0.00 $151.14 $27,043.32
119 $27,043.32 $161.79 $0.00 $152.91 $27,358.02
120 $27,358.02 $161.79 $0.00 $154.69 $27,674.50
121 $27,674.50 $161.79 $0.00 $156.48 $27,992.77
122 $27,992.77 $161.79 $0.00 $158.28 $28,312.84
123 $28,312.84 $161.79 $0.00 $160.08 $28,634.71
124 $28,634.71 $161.79 $0.00 $161.90 $28,958.40
125 $28,958.40 $161.79 $0.00 $163.74 $29,283.93
126 $29,283.93 $161.79 $0.00 $165.58 $29,611.30
127 $29,611.30 $161.79 $0.00 $167.43 $29,940.52
128 $29,940.52 $161.79 $0.00 $169.29 $30,271.60
129 $30,271.60 $161.79 $0.00 $171.16 $30,604.55
130 $30,604.55 $161.79 $0.00 $173.04 $30,939.38
131 $30,939.38 $161.79 $0.00 $174.94 $31,276.11
132 $31,276.11 $161.79 $0.00 $176.84 $31,614.74
133 $31,614.74 $161.79 $0.00 $178.75 $31,955.28
134 $31,955.28 $161.79 $0.00 $180.68 $32,297.75
135 $32,297.75 $161.79 $0.00 $182.62 $32,642.16
136 $32,642.16 $161.79 $0.00 $184.56 $32,988.51
137 $32,988.51 $161.79 $0.00 $186.52 $33,336.82
138 $33,336.82 $161.79 $0.00 $188.49 $33,687.10
139 $33,687.10 $161.79 $0.00 $190.47 $34,039.36
140 $34,039.36 $161.79 $0.00 $192.46 $34,393.61
141 $34,393.61 $161.79 $0.00 $194.47 $34,749.87
142 $34,749.87 $161.79 $0.00 $196.48 $35,108.14
143 $35,108.14 $161.79 $0.00 $198.51 $35,468.44
144 $35,468.44 $161.79 $0.00 $200.54 $35,830.77
145 $35,830.77 $161.79 $0.00 $202.59 $36,195.15
146 $36,195.15 $161.79 $0.00 $204.65 $36,561.59
147 $36,561.59 $161.79 $0.00 $206.72 $36,930.10
148 $36,930.10 $161.79 $0.00 $208.81 $37,300.70
149 $37,300.70 $161.79 $0.00 $210.90 $37,673.39
150 $37,673.39 $161.79 $0.00 $213.01 $38,048.19
151 $38,048.19 $161.79 $0.00 $215.13 $38,425.11
152 $38,425.11 $161.79 $0.00 $217.26 $38,804.16
153 $38,804.16 $161.79 $0.00 $219.40 $39,185.35
154 $39,185.35 $161.79 $0.00 $221.56 $39,568.70
155 $39,568.70 $161.79 $0.00 $223.73 $39,954.22
156 $39,954.22 $161.79 $0.00 $225.91 $40,341.92
157 $40,341.92 $161.79 $0.00 $228.10 $40,731.81
158 $40,731.81 $161.79 $0.00 $230.30 $41,123.90
159 $41,123.90 $161.79 $0.00 $232.52 $41,518.21
160 $41,518.21 $161.79 $0.00 $234.75 $41,914.75
161 $41,914.75 $161.79 $0.00 $236.99 $42,313.53
162 $42,313.53 $161.79 $0.00 $239.25 $42,714.57
163 $42,714.57 $161.79 $0.00 $241.51 $43,117.87
164 $43,117.87 $161.79 $0.00 $243.79 $43,523.45
165 $43,523.45 $161.79 $0.00 $246.09 $43,931.33
166 $43,931.33 $161.79 $0.00 $248.39 $44,341.51
167 $44,341.51 $161.79 $0.00 $250.71 $44,754.01
168 $44,754.01 $161.79 $0.00 $253.05 $45,168.85
169 $45,168.85 $161.79 $0.00 $255.39 $45,586.03
170 $45,586.03 $161.79 $0.00 $257.75 $46,005.57
171 $46,005.57 $161.79 $0.00 $260.12 $46,427.48
172 $46,427.48 $161.79 $0.00 $262.51 $46,851.78
173 $46,851.78 $161.79 $0.00 $264.91 $47,278.48
174 $47,278.48 $161.79 $0.00 $267.32 $47,707.59
175 $47,707.59 $161.79 $0.00 $269.75 $48,139.13
176 $48,139.13 $161.79 $0.00 $272.19 $48,573.11
177 $48,573.11 $161.79 $0.00 $274.64 $49,009.54
178 $49,009.54 $161.79 $0.00 $277.11 $49,448.44
179 $49,448.44 $161.79 $0.00 $279.59 $49,889.82
180 $49,889.82 $161.79 $0.00 $282.08 $50,333.69
181 $50,333.69 $161.79 $0.00 $284.59 $50,780.07
182 $50,780.07 $161.79 $0.00 $287.12 $51,228.98
183 $51,228.98 $161.79 $0.00 $289.66 $51,680.43
184 $51,680.43 $161.79 $0.00 $292.21 $52,134.43
185 $52,134.43 $161.79 $0.00 $294.78 $52,591.00
186 $52,591.00 $161.79 $0.00 $297.36 $53,050.15
187 $53,050.15 $161.79 $0.00 $299.95 $53,511.89
188 $53,511.89 $161.79 $0.00 $302.56 $53,976.24
189 $53,976.24 $161.79 $0.00 $305.19 $54,443.22
190 $54,443.22 $161.79 $0.00 $307.83 $54,912.84
191 $54,912.84 $161.79 $0.00 $310.49 $55,385.12
192 $55,385.12 $161.79 $0.00 $313.16 $55,860.07
193 $55,860.07 $161.79 $0.00 $315.84 $56,337.70
194 $56,337.70 $161.79 $0.00 $318.54 $56,818.03
195 $56,818.03 $161.79 $0.00 $321.26 $57,301.08
196 $57,301.08 $161.79 $0.00 $323.99 $57,786.86
197 $57,786.86 $161.79 $0.00 $326.74 $58,275.39
198 $58,275.39 $161.79 $0.00 $329.50 $58,766.68
199 $58,766.68 $161.79 $0.00 $332.28 $59,260.75
200 $59,260.75 $161.79 $0.00 $335.07 $59,757.61
201 $59,757.61 $161.79 $0.00 $337.88 $60,257.28
202 $60,257.28 $161.79 $0.00 $340.70 $60,759.77
203 $60,759.77 $161.79 $0.00 $343.54 $61,265.10
204 $61,265.10 $161.79 $0.00 $346.40 $61,773.29
205 $61,773.29 $161.79 $0.00 $349.28 $62,284.36
206 $62,284.36 $161.79 $0.00 $352.16 $62,798.31
207 $62,798.31 $161.79 $0.00 $355.07 $63,315.17
208 $63,315.17 $161.79 $0.00 $357.99 $63,834.95
209 $63,834.95 $161.79 $0.00 $360.93 $64,357.67
210 $64,357.67 $161.79 $0.00 $363.89 $64,883.35
211 $64,883.35 $161.79 $0.00 $366.86 $65,412.00
212 $65,412.00 $161.79 $0.00 $369.85 $65,943.64
213 $65,943.64 $161.79 $0.00 $372.85 $66,478.28
214 $66,478.28 $161.79 $0.00 $375.88 $67,015.95
215 $67,015.95 $161.79 $0.00 $378.92 $67,556.66
216 $67,556.66 $161.79 $0.00 $381.98 $68,100.43
217 $68,100.43 $161.79 $35,514.48 $385.05 $33,132.79
218 $33,132.79 $161.79 $0.00 $187.34 $33,481.92
219 $33,481.92 $161.79 $0.00 $189.31 $33,833.02
220 $33,833.02 $161.79 $0.00 $191.30 $34,186.11
221 $34,186.11 $161.79 $0.00 $193.29 $34,541.19
222 $34,541.19 $161.79 $0.00 $195.30 $34,898.28
223 $34,898.28 $161.79 $0.00 $197.32 $35,257.39
224 $35,257.39 $161.79 $0.00 $199.35 $35,618.53
225 $35,618.53 $161.79 $0.00 $201.39 $35,981.71
226 $35,981.71 $161.79 $0.00 $203.45 $36,346.95
227 $36,346.95 $161.79 $0.00 $205.51 $36,714.25
228 $36,714.25 $161.79 $0.00 $207.59 $37,083.63
229 $37,083.63 $0.00 $37,290.20 $209.68 $3.11