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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$39,224
Monthly savings required$174

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 $78,448.69 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $174.32 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$15,901.00
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 $174.32 $0.00 $0.00 $174.32
2 $174.32 $174.32 $0.00 $0.99 $349.63
3 $349.63 $174.32 $0.00 $1.98 $525.93
4 $525.93 $174.32 $0.00 $2.97 $703.22
5 $703.22 $174.32 $0.00 $3.98 $881.52
6 $881.52 $174.32 $0.00 $4.98 $1,060.82
7 $1,060.82 $174.32 $0.00 $6.00 $1,241.14
8 $1,241.14 $174.32 $0.00 $7.02 $1,422.48
9 $1,422.48 $174.32 $0.00 $8.04 $1,604.84
10 $1,604.84 $174.32 $0.00 $9.07 $1,788.23
11 $1,788.23 $174.32 $0.00 $10.11 $1,972.66
12 $1,972.66 $174.32 $0.00 $11.15 $2,158.13
13 $2,158.13 $174.32 $0.00 $12.20 $2,344.65
14 $2,344.65 $174.32 $0.00 $13.26 $2,532.23
15 $2,532.23 $174.32 $0.00 $14.32 $2,720.87
16 $2,720.87 $174.32 $0.00 $15.38 $2,910.57
17 $2,910.57 $174.32 $0.00 $16.46 $3,101.35
18 $3,101.35 $174.32 $0.00 $17.54 $3,293.21
19 $3,293.21 $174.32 $0.00 $18.62 $3,486.15
20 $3,486.15 $174.32 $0.00 $19.71 $3,680.18
21 $3,680.18 $174.32 $0.00 $20.81 $3,875.31
22 $3,875.31 $174.32 $0.00 $21.91 $4,071.54
23 $4,071.54 $174.32 $0.00 $23.02 $4,268.88
24 $4,268.88 $174.32 $0.00 $24.14 $4,467.34
25 $4,467.34 $174.32 $0.00 $25.26 $4,666.92
26 $4,666.92 $174.32 $0.00 $26.39 $4,867.63
27 $4,867.63 $174.32 $0.00 $27.52 $5,069.47
28 $5,069.47 $174.32 $0.00 $28.66 $5,272.45
29 $5,272.45 $174.32 $0.00 $29.81 $5,476.58
30 $5,476.58 $174.32 $0.00 $30.97 $5,681.87
31 $5,681.87 $174.32 $0.00 $32.13 $5,888.32
32 $5,888.32 $174.32 $0.00 $33.29 $6,095.93
33 $6,095.93 $174.32 $0.00 $34.47 $6,304.72
34 $6,304.72 $174.32 $0.00 $35.65 $6,514.69
35 $6,514.69 $174.32 $0.00 $36.84 $6,725.85
36 $6,725.85 $174.32 $0.00 $38.03 $6,938.20
37 $6,938.20 $174.32 $0.00 $39.23 $7,151.75
38 $7,151.75 $174.32 $0.00 $40.44 $7,366.51
39 $7,366.51 $174.32 $0.00 $41.65 $7,582.48
40 $7,582.48 $174.32 $0.00 $42.87 $7,799.67
41 $7,799.67 $174.32 $0.00 $44.10 $8,018.09
42 $8,018.09 $174.32 $0.00 $45.34 $8,237.75
43 $8,237.75 $174.32 $0.00 $46.58 $8,458.65
44 $8,458.65 $174.32 $0.00 $47.83 $8,680.80
45 $8,680.80 $174.32 $0.00 $49.08 $8,904.20
46 $8,904.20 $174.32 $0.00 $50.35 $9,128.87
47 $9,128.87 $174.32 $0.00 $51.62 $9,354.81
48 $9,354.81 $174.32 $0.00 $52.89 $9,582.02
49 $9,582.02 $174.32 $0.00 $54.18 $9,810.52
50 $9,810.52 $174.32 $0.00 $55.47 $10,040.31
51 $10,040.31 $174.32 $0.00 $56.77 $10,271.40
52 $10,271.40 $174.32 $0.00 $58.08 $10,503.80
53 $10,503.80 $174.32 $0.00 $59.39 $10,737.51
54 $10,737.51 $174.32 $0.00 $60.71 $10,972.54
55 $10,972.54 $174.32 $0.00 $62.04 $11,208.90
56 $11,208.90 $174.32 $0.00 $63.38 $11,446.60
57 $11,446.60 $174.32 $0.00 $64.72 $11,685.64
58 $11,685.64 $174.32 $0.00 $66.07 $11,926.03
59 $11,926.03 $174.32 $0.00 $67.43 $12,167.78
60 $12,167.78 $174.32 $0.00 $68.80 $12,410.90
61 $12,410.90 $174.32 $0.00 $70.17 $12,655.39
62 $12,655.39 $174.32 $0.00 $71.56 $12,901.27
63 $12,901.27 $174.32 $0.00 $72.95 $13,148.54
64 $13,148.54 $174.32 $0.00 $74.34 $13,397.20
65 $13,397.20 $174.32 $0.00 $75.75 $13,647.27
66 $13,647.27 $174.32 $0.00 $77.16 $13,898.75
67 $13,898.75 $174.32 $0.00 $78.59 $14,151.66
68 $14,151.66 $174.32 $0.00 $80.02 $14,406.00
69 $14,406.00 $174.32 $0.00 $81.45 $14,661.77
70 $14,661.77 $174.32 $0.00 $82.90 $14,918.99
71 $14,918.99 $174.32 $0.00 $84.35 $15,177.66
72 $15,177.66 $174.32 $0.00 $85.82 $15,437.80
73 $15,437.80 $174.32 $0.00 $87.29 $15,699.41
74 $15,699.41 $174.32 $0.00 $88.77 $15,962.50
75 $15,962.50 $174.32 $0.00 $90.25 $16,227.07
76 $16,227.07 $174.32 $0.00 $91.75 $16,493.14
77 $16,493.14 $174.32 $0.00 $93.25 $16,760.71
78 $16,760.71 $174.32 $0.00 $94.77 $17,029.80
79 $17,029.80 $174.32 $0.00 $96.29 $17,300.41
80 $17,300.41 $174.32 $0.00 $97.82 $17,572.55
81 $17,572.55 $174.32 $0.00 $99.36 $17,846.23
82 $17,846.23 $174.32 $0.00 $100.91 $18,121.46
83 $18,121.46 $174.32 $0.00 $102.46 $18,398.24
84 $18,398.24 $174.32 $0.00 $104.03 $18,676.59
85 $18,676.59 $174.32 $0.00 $105.60 $18,956.51
86 $18,956.51 $174.32 $0.00 $107.18 $19,238.01
87 $19,238.01 $174.32 $0.00 $108.77 $19,521.10
88 $19,521.10 $174.32 $0.00 $110.38 $19,805.80
89 $19,805.80 $174.32 $0.00 $111.98 $20,092.10
90 $20,092.10 $174.32 $0.00 $113.60 $20,380.02
91 $20,380.02 $174.32 $0.00 $115.23 $20,669.57
92 $20,669.57 $174.32 $0.00 $116.87 $20,960.76
93 $20,960.76 $174.32 $0.00 $118.52 $21,253.60
94 $21,253.60 $174.32 $0.00 $120.17 $21,548.09
95 $21,548.09 $174.32 $0.00 $121.84 $21,844.25
96 $21,844.25 $174.32 $0.00 $123.51 $22,142.08
97 $22,142.08 $174.32 $0.00 $125.19 $22,441.59
98 $22,441.59 $174.32 $0.00 $126.89 $22,742.80
99 $22,742.80 $174.32 $0.00 $128.59 $23,045.71
100 $23,045.71 $174.32 $0.00 $130.30 $23,350.33
101 $23,350.33 $174.32 $0.00 $132.03 $23,656.68
102 $23,656.68 $174.32 $0.00 $133.76 $23,964.76
103 $23,964.76 $174.32 $0.00 $135.50 $24,274.58
104 $24,274.58 $174.32 $0.00 $137.25 $24,586.15
105 $24,586.15 $174.32 $0.00 $139.01 $24,899.48
106 $24,899.48 $174.32 $0.00 $140.79 $25,214.59
107 $25,214.59 $174.32 $0.00 $142.57 $25,531.48
108 $25,531.48 $174.32 $0.00 $144.36 $25,850.16
109 $25,850.16 $174.32 $0.00 $146.16 $26,170.64
110 $26,170.64 $174.32 $0.00 $147.97 $26,492.93
111 $26,492.93 $174.32 $0.00 $149.79 $26,817.04
112 $26,817.04 $174.32 $0.00 $151.63 $27,142.99
113 $27,142.99 $174.32 $0.00 $153.47 $27,470.78
114 $27,470.78 $174.32 $0.00 $155.32 $27,800.42
115 $27,800.42 $174.32 $0.00 $157.19 $28,131.93
116 $28,131.93 $174.32 $0.00 $159.06 $28,465.31
117 $28,465.31 $174.32 $0.00 $160.95 $28,800.58
118 $28,800.58 $174.32 $0.00 $162.84 $29,137.74
119 $29,137.74 $174.32 $0.00 $164.75 $29,476.81
120 $29,476.81 $174.32 $0.00 $166.67 $29,817.80
121 $29,817.80 $174.32 $0.00 $168.59 $30,160.71
122 $30,160.71 $174.32 $0.00 $170.53 $30,505.56
123 $30,505.56 $174.32 $0.00 $172.48 $30,852.36
124 $30,852.36 $174.32 $0.00 $174.44 $31,201.12
125 $31,201.12 $174.32 $0.00 $176.42 $31,551.86
126 $31,551.86 $174.32 $0.00 $178.40 $31,904.58
127 $31,904.58 $174.32 $0.00 $180.39 $32,259.29
128 $32,259.29 $174.32 $0.00 $182.40 $32,616.01
129 $32,616.01 $174.32 $0.00 $184.42 $32,974.75
130 $32,974.75 $174.32 $0.00 $186.44 $33,335.51
131 $33,335.51 $174.32 $0.00 $188.48 $33,698.31
132 $33,698.31 $174.32 $0.00 $190.54 $34,063.17
133 $34,063.17 $174.32 $0.00 $192.60 $34,430.09
134 $34,430.09 $174.32 $0.00 $194.67 $34,799.08
135 $34,799.08 $174.32 $0.00 $196.76 $35,170.16
136 $35,170.16 $174.32 $0.00 $198.86 $35,543.34
137 $35,543.34 $174.32 $0.00 $200.97 $35,918.63
138 $35,918.63 $174.32 $0.00 $203.09 $36,296.04
139 $36,296.04 $174.32 $0.00 $205.22 $36,675.58
140 $36,675.58 $174.32 $0.00 $207.37 $37,057.27
141 $37,057.27 $174.32 $0.00 $209.53 $37,441.12
142 $37,441.12 $174.32 $0.00 $211.70 $37,827.14
143 $37,827.14 $174.32 $0.00 $213.88 $38,215.34
144 $38,215.34 $174.32 $0.00 $216.08 $38,605.74
145 $38,605.74 $174.32 $0.00 $218.28 $38,998.34
146 $38,998.34 $174.32 $0.00 $220.50 $39,393.16
147 $39,393.16 $174.32 $0.00 $222.73 $39,790.21
148 $39,790.21 $174.32 $0.00 $224.98 $40,189.51
149 $40,189.51 $174.32 $0.00 $227.24 $40,591.07
150 $40,591.07 $174.32 $0.00 $229.51 $40,994.90
151 $40,994.90 $174.32 $0.00 $231.79 $41,401.01
152 $41,401.01 $174.32 $0.00 $234.09 $41,809.42
153 $41,809.42 $174.32 $0.00 $236.40 $42,220.14
154 $42,220.14 $174.32 $0.00 $238.72 $42,633.18
155 $42,633.18 $174.32 $0.00 $241.05 $43,048.55
156 $43,048.55 $174.32 $0.00 $243.40 $43,466.27
157 $43,466.27 $174.32 $0.00 $245.76 $43,886.35
158 $43,886.35 $174.32 $0.00 $248.14 $44,308.81
159 $44,308.81 $174.32 $0.00 $250.53 $44,733.66
160 $44,733.66 $174.32 $0.00 $252.93 $45,160.91
161 $45,160.91 $174.32 $0.00 $255.35 $45,590.58
162 $45,590.58 $174.32 $0.00 $257.78 $46,022.68
163 $46,022.68 $174.32 $0.00 $260.22 $46,457.22
164 $46,457.22 $174.32 $0.00 $262.68 $46,894.22
165 $46,894.22 $174.32 $0.00 $265.15 $47,333.69
166 $47,333.69 $174.32 $0.00 $267.63 $47,775.64
167 $47,775.64 $174.32 $0.00 $270.13 $48,220.09
168 $48,220.09 $174.32 $0.00 $272.64 $48,667.05
169 $48,667.05 $174.32 $0.00 $275.17 $49,116.54
170 $49,116.54 $174.32 $0.00 $277.71 $49,568.57
171 $49,568.57 $174.32 $0.00 $280.27 $50,023.16
172 $50,023.16 $174.32 $0.00 $282.84 $50,480.32
173 $50,480.32 $174.32 $0.00 $285.42 $50,940.06
174 $50,940.06 $174.32 $0.00 $288.02 $51,402.40
175 $51,402.40 $174.32 $0.00 $290.64 $51,867.36
176 $51,867.36 $174.32 $0.00 $293.27 $52,334.95
177 $52,334.95 $174.32 $0.00 $295.91 $52,805.18
178 $52,805.18 $174.32 $0.00 $298.57 $53,278.07
179 $53,278.07 $174.32 $0.00 $301.24 $53,753.63
180 $53,753.63 $174.32 $0.00 $303.93 $54,231.88
181 $54,231.88 $174.32 $0.00 $306.63 $54,712.83
182 $54,712.83 $174.32 $0.00 $309.35 $55,196.50
183 $55,196.50 $174.32 $0.00 $312.09 $55,682.91
184 $55,682.91 $174.32 $0.00 $314.84 $56,172.07
185 $56,172.07 $174.32 $0.00 $317.61 $56,664.00
186 $56,664.00 $174.32 $0.00 $320.39 $57,158.71
187 $57,158.71 $174.32 $0.00 $323.18 $57,656.21
188 $57,656.21 $174.32 $0.00 $326.00 $58,156.53
189 $58,156.53 $174.32 $0.00 $328.83 $58,659.68
190 $58,659.68 $174.32 $0.00 $331.67 $59,165.67
191 $59,165.67 $174.32 $0.00 $334.53 $59,674.52
192 $59,674.52 $174.32 $0.00 $337.41 $60,186.25
193 $60,186.25 $174.32 $0.00 $340.30 $60,700.87
194 $60,700.87 $174.32 $0.00 $343.21 $61,218.40
195 $61,218.40 $174.32 $0.00 $346.14 $61,738.86
196 $61,738.86 $174.32 $0.00 $349.08 $62,262.26
197 $62,262.26 $174.32 $0.00 $352.04 $62,788.62
198 $62,788.62 $174.32 $0.00 $355.02 $63,317.96
199 $63,317.96 $174.32 $0.00 $358.01 $63,850.29
200 $63,850.29 $174.32 $0.00 $361.02 $64,385.63
201 $64,385.63 $174.32 $0.00 $364.05 $64,924.00
202 $64,924.00 $174.32 $0.00 $367.09 $65,465.41
203 $65,465.41 $174.32 $0.00 $370.15 $66,009.88
204 $66,009.88 $174.32 $0.00 $373.23 $66,557.43
205 $66,557.43 $174.32 $0.00 $376.33 $67,108.08
206 $67,108.08 $174.32 $0.00 $379.44 $67,661.84
207 $67,661.84 $174.32 $0.00 $382.57 $68,218.73
208 $68,218.73 $174.32 $0.00 $385.72 $68,778.77
209 $68,778.77 $174.32 $0.00 $388.89 $69,341.98
210 $69,341.98 $174.32 $0.00 $392.07 $69,908.37
211 $69,908.37 $174.32 $0.00 $395.27 $70,477.96
212 $70,477.96 $174.32 $0.00 $398.49 $71,050.77
213 $71,050.77 $174.32 $0.00 $401.73 $71,626.82
214 $71,626.82 $174.32 $0.00 $404.99 $72,206.13
215 $72,206.13 $174.32 $0.00 $408.26 $72,788.71
216 $72,788.71 $174.32 $0.00 $411.56 $73,374.59
217 $73,374.59 $174.32 $38,267.65 $414.87 $35,696.13
218 $35,696.13 $174.32 $0.00 $201.83 $36,072.28
219 $36,072.28 $174.32 $0.00 $203.96 $36,450.56
220 $36,450.56 $174.32 $0.00 $206.10 $36,830.98
221 $36,830.98 $174.32 $0.00 $208.25 $37,213.55
222 $37,213.55 $174.32 $0.00 $210.41 $37,598.28
223 $37,598.28 $174.32 $0.00 $212.59 $37,985.19
224 $37,985.19 $174.32 $0.00 $214.77 $38,374.28
225 $38,374.28 $174.32 $0.00 $216.97 $38,765.57
226 $38,765.57 $174.32 $0.00 $219.19 $39,159.08
227 $39,159.08 $174.32 $0.00 $221.41 $39,554.81
228 $39,554.81 $174.32 $0.00 $223.65 $39,952.78
229 $39,952.78 $0.00 $40,181.04 $225.90 ($2.36)