Savings Plan and Future Cost Estimation for Western Texas College

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$52,211
Monthly savings required$232

How much will it cost to send your child to Western Texas College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $104,422.16 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $231.96 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$14,925.00
Years until enrollment18
Annual Tuition Increase7%
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 $231.96 $0.00 $0.00 $231.96
2 $231.96 $231.96 $0.00 $1.31 $465.23
3 $465.23 $231.96 $0.00 $2.63 $699.82
4 $699.82 $231.96 $0.00 $3.96 $935.74
5 $935.74 $231.96 $0.00 $5.29 $1,172.99
6 $1,172.99 $231.96 $0.00 $6.63 $1,411.58
7 $1,411.58 $231.96 $0.00 $7.98 $1,651.52
8 $1,651.52 $231.96 $0.00 $9.34 $1,892.82
9 $1,892.82 $231.96 $0.00 $10.70 $2,135.48
10 $2,135.48 $231.96 $0.00 $12.07 $2,379.51
11 $2,379.51 $231.96 $0.00 $13.45 $2,624.92
12 $2,624.92 $231.96 $0.00 $14.84 $2,871.72
13 $2,871.72 $231.96 $0.00 $16.24 $3,119.92
14 $3,119.92 $231.96 $0.00 $17.64 $3,369.52
15 $3,369.52 $231.96 $0.00 $19.05 $3,620.53
16 $3,620.53 $231.96 $0.00 $20.47 $3,872.96
17 $3,872.96 $231.96 $0.00 $21.90 $4,126.82
18 $4,126.82 $231.96 $0.00 $23.33 $4,382.11
19 $4,382.11 $231.96 $0.00 $24.78 $4,638.85
20 $4,638.85 $231.96 $0.00 $26.23 $4,897.04
21 $4,897.04 $231.96 $0.00 $27.69 $5,156.69
22 $5,156.69 $231.96 $0.00 $29.16 $5,417.81
23 $5,417.81 $231.96 $0.00 $30.63 $5,680.40
24 $5,680.40 $231.96 $0.00 $32.12 $5,944.48
25 $5,944.48 $231.96 $0.00 $33.61 $6,210.05
26 $6,210.05 $231.96 $0.00 $35.11 $6,477.12
27 $6,477.12 $231.96 $0.00 $36.62 $6,745.70
28 $6,745.70 $231.96 $0.00 $38.14 $7,015.80
29 $7,015.80 $231.96 $0.00 $39.67 $7,287.43
30 $7,287.43 $231.96 $0.00 $41.20 $7,560.59
31 $7,560.59 $231.96 $0.00 $42.75 $7,835.30
32 $7,835.30 $231.96 $0.00 $44.30 $8,111.56
33 $8,111.56 $231.96 $0.00 $45.86 $8,389.38
34 $8,389.38 $231.96 $0.00 $47.43 $8,668.77
35 $8,668.77 $231.96 $0.00 $49.01 $8,949.74
36 $8,949.74 $231.96 $0.00 $50.60 $9,232.30
37 $9,232.30 $231.96 $0.00 $52.20 $9,516.46
38 $9,516.46 $231.96 $0.00 $53.81 $9,802.23
39 $9,802.23 $231.96 $0.00 $55.42 $10,089.61
40 $10,089.61 $231.96 $0.00 $57.05 $10,378.62
41 $10,378.62 $231.96 $0.00 $58.68 $10,669.26
42 $10,669.26 $231.96 $0.00 $60.33 $10,961.55
43 $10,961.55 $231.96 $0.00 $61.98 $11,255.49
44 $11,255.49 $231.96 $0.00 $63.64 $11,551.09
45 $11,551.09 $231.96 $0.00 $65.31 $11,848.36
46 $11,848.36 $231.96 $0.00 $66.99 $12,147.31
47 $12,147.31 $231.96 $0.00 $68.68 $12,447.95
48 $12,447.95 $231.96 $0.00 $70.38 $12,750.29
49 $12,750.29 $231.96 $0.00 $72.09 $13,054.34
50 $13,054.34 $231.96 $0.00 $73.81 $13,360.11
51 $13,360.11 $231.96 $0.00 $75.54 $13,667.61
52 $13,667.61 $231.96 $0.00 $77.28 $13,976.85
53 $13,976.85 $231.96 $0.00 $79.03 $14,287.84
54 $14,287.84 $231.96 $0.00 $80.79 $14,600.59
55 $14,600.59 $231.96 $0.00 $82.55 $14,915.10
56 $14,915.10 $231.96 $0.00 $84.33 $15,231.39
57 $15,231.39 $231.96 $0.00 $86.12 $15,549.47
58 $15,549.47 $231.96 $0.00 $87.92 $15,869.35
59 $15,869.35 $231.96 $0.00 $89.73 $16,191.04
60 $16,191.04 $231.96 $0.00 $91.55 $16,514.55
61 $16,514.55 $231.96 $0.00 $93.38 $16,839.89
62 $16,839.89 $231.96 $0.00 $95.22 $17,167.07
63 $17,167.07 $231.96 $0.00 $97.07 $17,496.10
64 $17,496.10 $231.96 $0.00 $98.93 $17,826.99
65 $17,826.99 $231.96 $0.00 $100.80 $18,159.75
66 $18,159.75 $231.96 $0.00 $102.68 $18,494.39
67 $18,494.39 $231.96 $0.00 $104.57 $18,830.92
68 $18,830.92 $231.96 $0.00 $106.47 $19,169.35
69 $19,169.35 $231.96 $0.00 $108.39 $19,509.70
70 $19,509.70 $231.96 $0.00 $110.31 $19,851.97
71 $19,851.97 $231.96 $0.00 $112.25 $20,196.18
72 $20,196.18 $231.96 $0.00 $114.19 $20,542.33
73 $20,542.33 $231.96 $0.00 $116.15 $20,890.44
74 $20,890.44 $231.96 $0.00 $118.12 $21,240.52
75 $21,240.52 $231.96 $0.00 $120.10 $21,592.58
76 $21,592.58 $231.96 $0.00 $122.09 $21,946.63
77 $21,946.63 $231.96 $0.00 $124.09 $22,302.68
78 $22,302.68 $231.96 $0.00 $126.10 $22,660.74
79 $22,660.74 $231.96 $0.00 $128.13 $23,020.83
80 $23,020.83 $231.96 $0.00 $130.16 $23,382.95
81 $23,382.95 $231.96 $0.00 $132.21 $23,747.12
82 $23,747.12 $231.96 $0.00 $134.27 $24,113.35
83 $24,113.35 $231.96 $0.00 $136.34 $24,481.65
84 $24,481.65 $231.96 $0.00 $138.42 $24,852.03
85 $24,852.03 $231.96 $0.00 $140.52 $25,224.51
86 $25,224.51 $231.96 $0.00 $142.62 $25,599.09
87 $25,599.09 $231.96 $0.00 $144.74 $25,975.79
88 $25,975.79 $231.96 $0.00 $146.87 $26,354.62
89 $26,354.62 $231.96 $0.00 $149.01 $26,735.59
90 $26,735.59 $231.96 $0.00 $151.17 $27,118.72
91 $27,118.72 $231.96 $0.00 $153.33 $27,504.01
92 $27,504.01 $231.96 $0.00 $155.51 $27,891.48
93 $27,891.48 $231.96 $0.00 $157.70 $28,281.14
94 $28,281.14 $231.96 $0.00 $159.91 $28,673.01
95 $28,673.01 $231.96 $0.00 $162.12 $29,067.09
96 $29,067.09 $231.96 $0.00 $164.35 $29,463.40
97 $29,463.40 $231.96 $0.00 $166.59 $29,861.95
98 $29,861.95 $231.96 $0.00 $168.84 $30,262.75
99 $30,262.75 $231.96 $0.00 $171.11 $30,665.82
100 $30,665.82 $231.96 $0.00 $173.39 $31,071.17
101 $31,071.17 $231.96 $0.00 $175.68 $31,478.81
102 $31,478.81 $231.96 $0.00 $177.99 $31,888.76
103 $31,888.76 $231.96 $0.00 $180.30 $32,301.02
104 $32,301.02 $231.96 $0.00 $182.63 $32,715.61
105 $32,715.61 $231.96 $0.00 $184.98 $33,132.55
106 $33,132.55 $231.96 $0.00 $187.34 $33,551.85
107 $33,551.85 $231.96 $0.00 $189.71 $33,973.52
108 $33,973.52 $231.96 $0.00 $192.09 $34,397.57
109 $34,397.57 $231.96 $0.00 $194.49 $34,824.02
110 $34,824.02 $231.96 $0.00 $196.90 $35,252.88
111 $35,252.88 $231.96 $0.00 $199.32 $35,684.16
112 $35,684.16 $231.96 $0.00 $201.76 $36,117.88
113 $36,117.88 $231.96 $0.00 $204.22 $36,554.06
114 $36,554.06 $231.96 $0.00 $206.68 $36,992.70
115 $36,992.70 $231.96 $0.00 $209.16 $37,433.82
116 $37,433.82 $231.96 $0.00 $211.66 $37,877.44
117 $37,877.44 $231.96 $0.00 $214.16 $38,323.56
118 $38,323.56 $231.96 $0.00 $216.69 $38,772.21
119 $38,772.21 $231.96 $0.00 $219.22 $39,223.39
120 $39,223.39 $231.96 $0.00 $221.77 $39,677.12
121 $39,677.12 $231.96 $0.00 $224.34 $40,133.42
122 $40,133.42 $231.96 $0.00 $226.92 $40,592.30
123 $40,592.30 $231.96 $0.00 $229.51 $41,053.77
124 $41,053.77 $231.96 $0.00 $232.12 $41,517.85
125 $41,517.85 $231.96 $0.00 $234.75 $41,984.56
126 $41,984.56 $231.96 $0.00 $237.39 $42,453.91
127 $42,453.91 $231.96 $0.00 $240.04 $42,925.91
128 $42,925.91 $231.96 $0.00 $242.71 $43,400.58
129 $43,400.58 $231.96 $0.00 $245.39 $43,877.93
130 $43,877.93 $231.96 $0.00 $248.09 $44,357.98
131 $44,357.98 $231.96 $0.00 $250.81 $44,840.75
132 $44,840.75 $231.96 $0.00 $253.54 $45,326.25
133 $45,326.25 $231.96 $0.00 $256.28 $45,814.49
134 $45,814.49 $231.96 $0.00 $259.04 $46,305.49
135 $46,305.49 $231.96 $0.00 $261.82 $46,799.27
136 $46,799.27 $231.96 $0.00 $264.61 $47,295.84
137 $47,295.84 $231.96 $0.00 $267.42 $47,795.22
138 $47,795.22 $231.96 $0.00 $270.24 $48,297.42
139 $48,297.42 $231.96 $0.00 $273.08 $48,802.46
140 $48,802.46 $231.96 $0.00 $275.94 $49,310.36
141 $49,310.36 $231.96 $0.00 $278.81 $49,821.13
142 $49,821.13 $231.96 $0.00 $281.70 $50,334.79
143 $50,334.79 $231.96 $0.00 $284.60 $50,851.35
144 $50,851.35 $231.96 $0.00 $287.52 $51,370.83
145 $51,370.83 $231.96 $0.00 $290.46 $51,893.25
146 $51,893.25 $231.96 $0.00 $293.41 $52,418.62
147 $52,418.62 $231.96 $0.00 $296.38 $52,946.96
148 $52,946.96 $231.96 $0.00 $299.37 $53,478.29
149 $53,478.29 $231.96 $0.00 $302.37 $54,012.62
150 $54,012.62 $231.96 $0.00 $305.40 $54,549.98
151 $54,549.98 $231.96 $0.00 $308.43 $55,090.37
152 $55,090.37 $231.96 $0.00 $311.49 $55,633.82
153 $55,633.82 $231.96 $0.00 $314.56 $56,180.34
154 $56,180.34 $231.96 $0.00 $317.65 $56,729.95
155 $56,729.95 $231.96 $0.00 $320.76 $57,282.67
156 $57,282.67 $231.96 $0.00 $323.88 $57,838.51
157 $57,838.51 $231.96 $0.00 $327.03 $58,397.50
158 $58,397.50 $231.96 $0.00 $330.19 $58,959.65
159 $58,959.65 $231.96 $0.00 $333.37 $59,524.98
160 $59,524.98 $231.96 $0.00 $336.56 $60,093.50
161 $60,093.50 $231.96 $0.00 $339.78 $60,665.24
162 $60,665.24 $231.96 $0.00 $343.01 $61,240.21
163 $61,240.21 $231.96 $0.00 $346.26 $61,818.43
164 $61,818.43 $231.96 $0.00 $349.53 $62,399.92
165 $62,399.92 $231.96 $0.00 $352.82 $62,984.70
166 $62,984.70 $231.96 $0.00 $356.12 $63,572.78
167 $63,572.78 $231.96 $0.00 $359.45 $64,164.19
168 $64,164.19 $231.96 $0.00 $362.79 $64,758.94
169 $64,758.94 $231.96 $0.00 $366.16 $65,357.06
170 $65,357.06 $231.96 $0.00 $369.54 $65,958.56
171 $65,958.56 $231.96 $0.00 $372.94 $66,563.46
172 $66,563.46 $231.96 $0.00 $376.36 $67,171.78
173 $67,171.78 $231.96 $0.00 $379.80 $67,783.54
174 $67,783.54 $231.96 $0.00 $383.26 $68,398.76
175 $68,398.76 $231.96 $0.00 $386.74 $69,017.46
176 $69,017.46 $231.96 $0.00 $390.23 $69,639.65
177 $69,639.65 $231.96 $0.00 $393.75 $70,265.36
178 $70,265.36 $231.96 $0.00 $397.29 $70,894.61
179 $70,894.61 $231.96 $0.00 $400.85 $71,527.42
180 $71,527.42 $231.96 $0.00 $404.43 $72,163.81
181 $72,163.81 $231.96 $0.00 $408.02 $72,803.79
182 $72,803.79 $231.96 $0.00 $411.64 $73,447.39
183 $73,447.39 $231.96 $0.00 $415.28 $74,094.63
184 $74,094.63 $231.96 $0.00 $418.94 $74,745.53
185 $74,745.53 $231.96 $0.00 $422.62 $75,400.11
186 $75,400.11 $231.96 $0.00 $426.32 $76,058.39
187 $76,058.39 $231.96 $0.00 $430.05 $76,720.40
188 $76,720.40 $231.96 $0.00 $433.79 $77,386.15
189 $77,386.15 $231.96 $0.00 $437.55 $78,055.66
190 $78,055.66 $231.96 $0.00 $441.34 $78,728.96
191 $78,728.96 $231.96 $0.00 $445.14 $79,406.06
192 $79,406.06 $231.96 $0.00 $448.97 $80,086.99
193 $80,086.99 $231.96 $0.00 $452.82 $80,771.77
194 $80,771.77 $231.96 $0.00 $456.70 $81,460.43
195 $81,460.43 $231.96 $0.00 $460.59 $82,152.98
196 $82,152.98 $231.96 $0.00 $464.50 $82,849.44
197 $82,849.44 $231.96 $0.00 $468.44 $83,549.84
198 $83,549.84 $231.96 $0.00 $472.40 $84,254.20
199 $84,254.20 $231.96 $0.00 $476.39 $84,962.55
200 $84,962.55 $231.96 $0.00 $480.39 $85,674.90
201 $85,674.90 $231.96 $0.00 $484.42 $86,391.28
202 $86,391.28 $231.96 $0.00 $488.47 $87,111.71
203 $87,111.71 $231.96 $0.00 $492.54 $87,836.21
204 $87,836.21 $231.96 $0.00 $496.64 $88,564.81
205 $88,564.81 $231.96 $0.00 $500.76 $89,297.53
206 $89,297.53 $231.96 $0.00 $504.90 $90,034.39
207 $90,034.39 $231.96 $0.00 $509.07 $90,775.42
208 $90,775.42 $231.96 $0.00 $513.26 $91,520.64
209 $91,520.64 $231.96 $0.00 $517.47 $92,270.07
210 $92,270.07 $231.96 $0.00 $521.71 $93,023.74
211 $93,023.74 $231.96 $0.00 $525.97 $93,781.67
212 $93,781.67 $231.96 $0.00 $530.26 $94,543.89
213 $94,543.89 $231.96 $0.00 $534.56 $95,310.41
214 $95,310.41 $231.96 $0.00 $538.90 $96,081.27
215 $96,081.27 $231.96 $0.00 $543.26 $96,856.49
216 $96,856.49 $231.96 $0.00 $547.64 $97,636.09
217 $97,636.09 $231.96 $50,445.49 $552.05 $47,974.61
218 $47,974.61 $231.96 $0.00 $271.26 $48,477.83
219 $48,477.83 $231.96 $0.00 $274.10 $48,983.89
220 $48,983.89 $231.96 $0.00 $276.96 $49,492.81
221 $49,492.81 $231.96 $0.00 $279.84 $50,004.61
222 $50,004.61 $231.96 $0.00 $282.73 $50,519.30
223 $50,519.30 $231.96 $0.00 $285.64 $51,036.90
224 $51,036.90 $231.96 $0.00 $288.57 $51,557.43
225 $51,557.43 $231.96 $0.00 $291.51 $52,080.90
226 $52,080.90 $231.96 $0.00 $294.47 $52,607.33
227 $52,607.33 $231.96 $0.00 $297.45 $53,136.74
228 $53,136.74 $231.96 $0.00 $300.44 $53,669.14
229 $53,669.14 $0.00 $53,976.67 $303.45 -$4.08