Savings Plan and Future Cost Estimation for AmeriTech College Draper

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$72,711
Monthly savings required$323

How much will it cost to send your child to AmeriTech College Draper in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $145,421.89 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $323.15 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$29,476.00
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 $323.15 $0.00 $0.00 $323.15
2 $323.15 $323.15 $0.00 $1.83 $648.13
3 $648.13 $323.15 $0.00 $3.66 $974.94
4 $974.94 $323.15 $0.00 $5.51 $1,303.60
5 $1,303.60 $323.15 $0.00 $7.37 $1,634.12
6 $1,634.12 $323.15 $0.00 $9.24 $1,966.51
7 $1,966.51 $323.15 $0.00 $11.12 $2,300.78
8 $2,300.78 $323.15 $0.00 $13.01 $2,636.94
9 $2,636.94 $323.15 $0.00 $14.91 $2,975.00
10 $2,975.00 $323.15 $0.00 $16.82 $3,314.97
11 $3,314.97 $323.15 $0.00 $18.74 $3,656.86
12 $3,656.86 $323.15 $0.00 $20.68 $4,000.69
13 $4,000.69 $323.15 $0.00 $22.62 $4,346.46
14 $4,346.46 $323.15 $0.00 $24.58 $4,694.19
15 $4,694.19 $323.15 $0.00 $26.54 $5,043.88
16 $5,043.88 $323.15 $0.00 $28.52 $5,395.55
17 $5,395.55 $323.15 $0.00 $30.51 $5,749.21
18 $5,749.21 $323.15 $0.00 $32.51 $6,104.87
19 $6,104.87 $323.15 $0.00 $34.52 $6,462.54
20 $6,462.54 $323.15 $0.00 $36.54 $6,822.23
21 $6,822.23 $323.15 $0.00 $38.57 $7,183.95
22 $7,183.95 $323.15 $0.00 $40.62 $7,547.72
23 $7,547.72 $323.15 $0.00 $42.68 $7,913.55
24 $7,913.55 $323.15 $0.00 $44.74 $8,281.44
25 $8,281.44 $323.15 $0.00 $46.82 $8,651.41
26 $8,651.41 $323.15 $0.00 $48.92 $9,023.48
27 $9,023.48 $323.15 $0.00 $51.02 $9,397.65
28 $9,397.65 $323.15 $0.00 $53.14 $9,773.94
29 $9,773.94 $323.15 $0.00 $55.26 $10,152.35
30 $10,152.35 $323.15 $0.00 $57.40 $10,532.90
31 $10,532.90 $323.15 $0.00 $59.55 $10,915.60
32 $10,915.60 $323.15 $0.00 $61.72 $11,300.47
33 $11,300.47 $323.15 $0.00 $63.89 $11,687.51
34 $11,687.51 $323.15 $0.00 $66.08 $12,076.74
35 $12,076.74 $323.15 $0.00 $68.28 $12,468.17
36 $12,468.17 $323.15 $0.00 $70.50 $12,861.82
37 $12,861.82 $323.15 $0.00 $72.72 $13,257.69
38 $13,257.69 $323.15 $0.00 $74.96 $13,655.80
39 $13,655.80 $323.15 $0.00 $77.21 $14,056.16
40 $14,056.16 $323.15 $0.00 $79.48 $14,458.79
41 $14,458.79 $323.15 $0.00 $81.75 $14,863.69
42 $14,863.69 $323.15 $0.00 $84.04 $15,270.88
43 $15,270.88 $323.15 $0.00 $86.34 $15,680.37
44 $15,680.37 $323.15 $0.00 $88.66 $16,092.18
45 $16,092.18 $323.15 $0.00 $90.99 $16,506.32
46 $16,506.32 $323.15 $0.00 $93.33 $16,922.80
47 $16,922.80 $323.15 $0.00 $95.68 $17,341.63
48 $17,341.63 $323.15 $0.00 $98.05 $17,762.83
49 $17,762.83 $323.15 $0.00 $100.43 $18,186.41
50 $18,186.41 $323.15 $0.00 $102.83 $18,612.39
51 $18,612.39 $323.15 $0.00 $105.24 $19,040.78
52 $19,040.78 $323.15 $0.00 $107.66 $19,471.59
53 $19,471.59 $323.15 $0.00 $110.10 $19,904.84
54 $19,904.84 $323.15 $0.00 $112.54 $20,340.53
55 $20,340.53 $323.15 $0.00 $115.01 $20,778.69
56 $20,778.69 $323.15 $0.00 $117.49 $21,219.33
57 $21,219.33 $323.15 $0.00 $119.98 $21,662.46
58 $21,662.46 $323.15 $0.00 $122.48 $22,108.09
59 $22,108.09 $323.15 $0.00 $125.00 $22,556.24
60 $22,556.24 $323.15 $0.00 $127.54 $23,006.93
61 $23,006.93 $323.15 $0.00 $130.08 $23,460.16
62 $23,460.16 $323.15 $0.00 $132.65 $23,915.96
63 $23,915.96 $323.15 $0.00 $135.22 $24,374.33
64 $24,374.33 $323.15 $0.00 $137.82 $24,835.30
65 $24,835.30 $323.15 $0.00 $140.42 $25,298.87
66 $25,298.87 $323.15 $0.00 $143.04 $25,765.06
67 $25,765.06 $323.15 $0.00 $145.68 $26,233.89
68 $26,233.89 $323.15 $0.00 $148.33 $26,705.37
69 $26,705.37 $323.15 $0.00 $151.00 $27,179.52
70 $27,179.52 $323.15 $0.00 $153.68 $27,656.35
71 $27,656.35 $323.15 $0.00 $156.37 $28,135.87
72 $28,135.87 $323.15 $0.00 $159.08 $28,618.10
73 $28,618.10 $323.15 $0.00 $161.81 $29,103.06
74 $29,103.06 $323.15 $0.00 $164.55 $29,590.76
75 $29,590.76 $323.15 $0.00 $167.31 $30,081.22
76 $30,081.22 $323.15 $0.00 $170.08 $30,574.45
77 $30,574.45 $323.15 $0.00 $172.87 $31,070.47
78 $31,070.47 $323.15 $0.00 $175.68 $31,569.30
79 $31,569.30 $323.15 $0.00 $178.50 $32,070.95
80 $32,070.95 $323.15 $0.00 $181.33 $32,575.43
81 $32,575.43 $323.15 $0.00 $184.19 $33,082.77
82 $33,082.77 $323.15 $0.00 $187.05 $33,592.97
83 $33,592.97 $323.15 $0.00 $189.94 $34,106.06
84 $34,106.06 $323.15 $0.00 $192.84 $34,622.05
85 $34,622.05 $323.15 $0.00 $195.76 $35,140.96
86 $35,140.96 $323.15 $0.00 $198.69 $35,662.80
87 $35,662.80 $323.15 $0.00 $201.64 $36,187.59
88 $36,187.59 $323.15 $0.00 $204.61 $36,715.35
89 $36,715.35 $323.15 $0.00 $207.59 $37,246.09
90 $37,246.09 $323.15 $0.00 $210.59 $37,779.83
91 $37,779.83 $323.15 $0.00 $213.61 $38,316.59
92 $38,316.59 $323.15 $0.00 $216.65 $38,856.39
93 $38,856.39 $323.15 $0.00 $219.70 $39,399.24
94 $39,399.24 $323.15 $0.00 $222.77 $39,945.16
95 $39,945.16 $323.15 $0.00 $225.86 $40,494.17
96 $40,494.17 $323.15 $0.00 $228.96 $41,046.28
97 $41,046.28 $323.15 $0.00 $232.08 $41,601.51
98 $41,601.51 $323.15 $0.00 $235.22 $42,159.88
99 $42,159.88 $323.15 $0.00 $238.38 $42,721.41
100 $42,721.41 $323.15 $0.00 $241.55 $43,286.11
101 $43,286.11 $323.15 $0.00 $244.75 $43,854.01
102 $43,854.01 $323.15 $0.00 $247.96 $44,425.12
103 $44,425.12 $323.15 $0.00 $251.19 $44,999.46
104 $44,999.46 $323.15 $0.00 $254.43 $45,577.04
105 $45,577.04 $323.15 $0.00 $257.70 $46,157.89
106 $46,157.89 $323.15 $0.00 $260.98 $46,742.02
107 $46,742.02 $323.15 $0.00 $264.29 $47,329.46
108 $47,329.46 $323.15 $0.00 $267.61 $47,920.22
109 $47,920.22 $323.15 $0.00 $270.95 $48,514.32
110 $48,514.32 $323.15 $0.00 $274.31 $49,111.78
111 $49,111.78 $323.15 $0.00 $277.69 $49,712.62
112 $49,712.62 $323.15 $0.00 $281.08 $50,316.85
113 $50,316.85 $323.15 $0.00 $284.50 $50,924.50
114 $50,924.50 $323.15 $0.00 $287.93 $51,535.58
115 $51,535.58 $323.15 $0.00 $291.39 $52,150.12
116 $52,150.12 $323.15 $0.00 $294.86 $52,768.13
117 $52,768.13 $323.15 $0.00 $298.36 $53,389.64
118 $53,389.64 $323.15 $0.00 $301.87 $54,014.66
119 $54,014.66 $323.15 $0.00 $305.41 $54,643.22
120 $54,643.22 $323.15 $0.00 $308.96 $55,275.33
121 $55,275.33 $323.15 $0.00 $312.53 $55,911.01
122 $55,911.01 $323.15 $0.00 $316.13 $56,550.29
123 $56,550.29 $323.15 $0.00 $319.74 $57,193.18
124 $57,193.18 $323.15 $0.00 $323.38 $57,839.71
125 $57,839.71 $323.15 $0.00 $327.03 $58,489.89
126 $58,489.89 $323.15 $0.00 $330.71 $59,143.75
127 $59,143.75 $323.15 $0.00 $334.41 $59,801.31
128 $59,801.31 $323.15 $0.00 $338.13 $60,462.59
129 $60,462.59 $323.15 $0.00 $341.86 $61,127.60
130 $61,127.60 $323.15 $0.00 $345.62 $61,796.37
131 $61,796.37 $323.15 $0.00 $349.41 $62,468.93
132 $62,468.93 $323.15 $0.00 $353.21 $63,145.29
133 $63,145.29 $323.15 $0.00 $357.03 $63,825.47
134 $63,825.47 $323.15 $0.00 $360.88 $64,509.50
135 $64,509.50 $323.15 $0.00 $364.75 $65,197.40
136 $65,197.40 $323.15 $0.00 $368.64 $65,889.19
137 $65,889.19 $323.15 $0.00 $372.55 $66,584.89
138 $66,584.89 $323.15 $0.00 $376.48 $67,284.52
139 $67,284.52 $323.15 $0.00 $380.44 $67,988.11
140 $67,988.11 $323.15 $0.00 $384.41 $68,695.67
141 $68,695.67 $323.15 $0.00 $388.42 $69,407.24
142 $69,407.24 $323.15 $0.00 $392.44 $70,122.83
143 $70,122.83 $323.15 $0.00 $396.48 $70,842.46
144 $70,842.46 $323.15 $0.00 $400.55 $71,566.16
145 $71,566.16 $323.15 $0.00 $404.65 $72,293.96
146 $72,293.96 $323.15 $0.00 $408.76 $73,025.87
147 $73,025.87 $323.15 $0.00 $412.90 $73,761.92
148 $73,761.92 $323.15 $0.00 $417.06 $74,502.13
149 $74,502.13 $323.15 $0.00 $421.25 $75,246.53
150 $75,246.53 $323.15 $0.00 $425.45 $75,995.13
151 $75,995.13 $323.15 $0.00 $429.69 $76,747.97
152 $76,747.97 $323.15 $0.00 $433.94 $77,505.06
153 $77,505.06 $323.15 $0.00 $438.22 $78,266.43
154 $78,266.43 $323.15 $0.00 $442.53 $79,032.11
155 $79,032.11 $323.15 $0.00 $446.86 $79,802.12
156 $79,802.12 $323.15 $0.00 $451.21 $80,576.48
157 $80,576.48 $323.15 $0.00 $455.59 $81,355.22
158 $81,355.22 $323.15 $0.00 $459.99 $82,138.36
159 $82,138.36 $323.15 $0.00 $464.42 $82,925.93
160 $82,925.93 $323.15 $0.00 $468.88 $83,717.96
161 $83,717.96 $323.15 $0.00 $473.35 $84,514.46
162 $84,514.46 $323.15 $0.00 $477.86 $85,315.47
163 $85,315.47 $323.15 $0.00 $482.39 $86,121.01
164 $86,121.01 $323.15 $0.00 $486.94 $86,931.10
165 $86,931.10 $323.15 $0.00 $491.52 $87,745.77
166 $87,745.77 $323.15 $0.00 $496.13 $88,565.05
167 $88,565.05 $323.15 $0.00 $500.76 $89,388.96
168 $89,388.96 $323.15 $0.00 $505.42 $90,217.53
169 $90,217.53 $323.15 $0.00 $510.10 $91,050.78
170 $91,050.78 $323.15 $0.00 $514.81 $91,888.74
171 $91,888.74 $323.15 $0.00 $519.55 $92,731.44
172 $92,731.44 $323.15 $0.00 $524.32 $93,578.91
173 $93,578.91 $323.15 $0.00 $529.11 $94,431.17
174 $94,431.17 $323.15 $0.00 $533.93 $95,288.25
175 $95,288.25 $323.15 $0.00 $538.77 $96,150.17
176 $96,150.17 $323.15 $0.00 $543.65 $97,016.97
177 $97,016.97 $323.15 $0.00 $548.55 $97,888.67
178 $97,888.67 $323.15 $0.00 $553.48 $98,765.30
179 $98,765.30 $323.15 $0.00 $558.43 $99,646.88
180 $99,646.88 $323.15 $0.00 $563.42 $100,533.45
181 $100,533.45 $323.15 $0.00 $568.43 $101,425.03
182 $101,425.03 $323.15 $0.00 $573.47 $102,321.65
183 $102,321.65 $323.15 $0.00 $578.54 $103,223.34
184 $103,223.34 $323.15 $0.00 $583.64 $104,130.13
185 $104,130.13 $323.15 $0.00 $588.77 $105,042.05
186 $105,042.05 $323.15 $0.00 $593.92 $105,959.12
187 $105,959.12 $323.15 $0.00 $599.11 $106,881.38
188 $106,881.38 $323.15 $0.00 $604.32 $107,808.85
189 $107,808.85 $323.15 $0.00 $609.57 $108,741.57
190 $108,741.57 $323.15 $0.00 $614.84 $109,679.56
191 $109,679.56 $323.15 $0.00 $620.14 $110,622.85
192 $110,622.85 $323.15 $0.00 $625.48 $111,571.48
193 $111,571.48 $323.15 $0.00 $630.84 $112,525.47
194 $112,525.47 $323.15 $0.00 $636.24 $113,484.86
195 $113,484.86 $323.15 $0.00 $641.66 $114,449.67
196 $114,449.67 $323.15 $0.00 $647.12 $115,419.94
197 $115,419.94 $323.15 $0.00 $652.60 $116,395.69
198 $116,395.69 $323.15 $0.00 $658.12 $117,376.96
199 $117,376.96 $323.15 $0.00 $663.67 $118,363.78
200 $118,363.78 $323.15 $0.00 $669.25 $119,356.18
201 $119,356.18 $323.15 $0.00 $674.86 $120,354.19
202 $120,354.19 $323.15 $0.00 $680.50 $121,357.84
203 $121,357.84 $323.15 $0.00 $686.17 $122,367.16
204 $122,367.16 $323.15 $0.00 $691.88 $123,382.19
205 $123,382.19 $323.15 $0.00 $697.62 $124,402.96
206 $124,402.96 $323.15 $0.00 $703.39 $125,429.50
207 $125,429.50 $323.15 $0.00 $709.20 $126,461.85
208 $126,461.85 $323.15 $0.00 $715.03 $127,500.03
209 $127,500.03 $323.15 $0.00 $720.90 $128,544.08
210 $128,544.08 $323.15 $0.00 $726.81 $129,594.04
211 $129,594.04 $323.15 $0.00 $732.74 $130,649.93
212 $130,649.93 $323.15 $0.00 $738.71 $131,711.79
213 $131,711.79 $323.15 $0.00 $744.72 $132,779.66
214 $132,779.66 $323.15 $0.00 $750.76 $133,853.57
215 $133,853.57 $323.15 $0.00 $756.83 $134,933.55
216 $134,933.55 $323.15 $0.00 $762.93 $136,019.63
217 $136,019.63 $323.15 $70,937.51 $769.07 $66,174.34
218 $66,174.34 $323.15 $0.00 $374.16 $66,871.65
219 $66,871.65 $323.15 $0.00 $378.10 $67,572.90
220 $67,572.90 $323.15 $0.00 $382.07 $68,278.12
221 $68,278.12 $323.15 $0.00 $386.05 $68,987.32
222 $68,987.32 $323.15 $0.00 $390.06 $69,700.53
223 $69,700.53 $323.15 $0.00 $394.10 $70,417.78
224 $70,417.78 $323.15 $0.00 $398.15 $71,139.08
225 $71,139.08 $323.15 $0.00 $402.23 $71,864.46
226 $71,864.46 $323.15 $0.00 $406.33 $72,593.94
227 $72,593.94 $323.15 $0.00 $410.46 $73,327.55
228 $73,327.55 $323.15 $0.00 $414.60 $74,065.30
229 $74,065.30 $0.00 $74,484.38 $418.78 ($0.30)