Savings Plan and Future Cost Estimation for Fortis College Salt Lake City

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$88,891
Monthly savings required$395

How much will it cost to send your child to Fortis College Salt Lake City in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $177,781.17 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $395.06 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$36,035.00
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 $395.06 $0.00 $0.00 $395.06
2 $395.06 $395.06 $0.00 $2.23 $792.35
3 $792.35 $395.06 $0.00 $4.48 $1,191.89
4 $1,191.89 $395.06 $0.00 $6.74 $1,593.69
5 $1,593.69 $395.06 $0.00 $9.01 $1,997.76
6 $1,997.76 $395.06 $0.00 $11.30 $2,404.12
7 $2,404.12 $395.06 $0.00 $13.59 $2,812.77
8 $2,812.77 $395.06 $0.00 $15.90 $3,223.73
9 $3,223.73 $395.06 $0.00 $18.23 $3,637.02
10 $3,637.02 $395.06 $0.00 $20.56 $4,052.64
11 $4,052.64 $395.06 $0.00 $22.91 $4,470.61
12 $4,470.61 $395.06 $0.00 $25.28 $4,890.95
13 $4,890.95 $395.06 $0.00 $27.65 $5,313.66
14 $5,313.66 $395.06 $0.00 $30.04 $5,738.76
15 $5,738.76 $395.06 $0.00 $32.45 $6,166.27
16 $6,166.27 $395.06 $0.00 $34.86 $6,596.19
17 $6,596.19 $395.06 $0.00 $37.30 $7,028.55
18 $7,028.55 $395.06 $0.00 $39.74 $7,463.35
19 $7,463.35 $395.06 $0.00 $42.20 $7,900.61
20 $7,900.61 $395.06 $0.00 $44.67 $8,340.34
21 $8,340.34 $395.06 $0.00 $47.16 $8,782.56
22 $8,782.56 $395.06 $0.00 $49.66 $9,227.28
23 $9,227.28 $395.06 $0.00 $52.17 $9,674.51
24 $9,674.51 $395.06 $0.00 $54.70 $10,124.27
25 $10,124.27 $395.06 $0.00 $57.24 $10,576.57
26 $10,576.57 $395.06 $0.00 $59.80 $11,031.43
27 $11,031.43 $395.06 $0.00 $62.37 $11,488.86
28 $11,488.86 $395.06 $0.00 $64.96 $11,948.88
29 $11,948.88 $395.06 $0.00 $67.56 $12,411.50
30 $12,411.50 $395.06 $0.00 $70.18 $12,876.74
31 $12,876.74 $395.06 $0.00 $72.81 $13,344.61
32 $13,344.61 $395.06 $0.00 $75.45 $13,815.12
33 $13,815.12 $395.06 $0.00 $78.11 $14,288.29
34 $14,288.29 $395.06 $0.00 $80.79 $14,764.14
35 $14,764.14 $395.06 $0.00 $83.48 $15,242.68
36 $15,242.68 $395.06 $0.00 $86.18 $15,723.92
37 $15,723.92 $395.06 $0.00 $88.91 $16,207.89
38 $16,207.89 $395.06 $0.00 $91.64 $16,694.59
39 $16,694.59 $395.06 $0.00 $94.39 $17,184.04
40 $17,184.04 $395.06 $0.00 $97.16 $17,676.26
41 $17,676.26 $395.06 $0.00 $99.94 $18,171.26
42 $18,171.26 $395.06 $0.00 $102.74 $18,669.06
43 $18,669.06 $395.06 $0.00 $105.56 $19,169.68
44 $19,169.68 $395.06 $0.00 $108.39 $19,673.13
45 $19,673.13 $395.06 $0.00 $111.23 $20,179.42
46 $20,179.42 $395.06 $0.00 $114.10 $20,688.58
47 $20,688.58 $395.06 $0.00 $116.98 $21,200.62
48 $21,200.62 $395.06 $0.00 $119.87 $21,715.55
49 $21,715.55 $395.06 $0.00 $122.78 $22,233.39
50 $22,233.39 $395.06 $0.00 $125.71 $22,754.16
51 $22,754.16 $395.06 $0.00 $128.66 $23,277.88
52 $23,277.88 $395.06 $0.00 $131.62 $23,804.56
53 $23,804.56 $395.06 $0.00 $134.59 $24,334.21
54 $24,334.21 $395.06 $0.00 $137.59 $24,866.86
55 $24,866.86 $395.06 $0.00 $140.60 $25,402.52
56 $25,402.52 $395.06 $0.00 $143.63 $25,941.21
57 $25,941.21 $395.06 $0.00 $146.68 $26,482.95
58 $26,482.95 $395.06 $0.00 $149.74 $27,027.75
59 $27,027.75 $395.06 $0.00 $152.82 $27,575.63
60 $27,575.63 $395.06 $0.00 $155.92 $28,126.61
61 $28,126.61 $395.06 $0.00 $159.03 $28,680.70
62 $28,680.70 $395.06 $0.00 $162.16 $29,237.92
63 $29,237.92 $395.06 $0.00 $165.32 $29,798.30
64 $29,798.30 $395.06 $0.00 $168.48 $30,361.84
65 $30,361.84 $395.06 $0.00 $171.67 $30,928.57
66 $30,928.57 $395.06 $0.00 $174.87 $31,498.50
67 $31,498.50 $395.06 $0.00 $178.10 $32,071.66
68 $32,071.66 $395.06 $0.00 $181.34 $32,648.06
69 $32,648.06 $395.06 $0.00 $184.60 $33,227.72
70 $33,227.72 $395.06 $0.00 $187.87 $33,810.65
71 $33,810.65 $395.06 $0.00 $191.17 $34,396.88
72 $34,396.88 $395.06 $0.00 $194.48 $34,986.42
73 $34,986.42 $395.06 $0.00 $197.82 $35,579.30
74 $35,579.30 $395.06 $0.00 $201.17 $36,175.53
75 $36,175.53 $395.06 $0.00 $204.54 $36,775.13
76 $36,775.13 $395.06 $0.00 $207.93 $37,378.12
77 $37,378.12 $395.06 $0.00 $211.34 $37,984.52
78 $37,984.52 $395.06 $0.00 $214.77 $38,594.35
79 $38,594.35 $395.06 $0.00 $218.22 $39,207.63
80 $39,207.63 $395.06 $0.00 $221.69 $39,824.38
81 $39,824.38 $395.06 $0.00 $225.17 $40,444.61
82 $40,444.61 $395.06 $0.00 $228.68 $41,068.35
83 $41,068.35 $395.06 $0.00 $232.21 $41,695.62
84 $41,695.62 $395.06 $0.00 $235.75 $42,326.43
85 $42,326.43 $395.06 $0.00 $239.32 $42,960.81
86 $42,960.81 $395.06 $0.00 $242.91 $43,598.78
87 $43,598.78 $395.06 $0.00 $246.51 $44,240.35
88 $44,240.35 $395.06 $0.00 $250.14 $44,885.55
89 $44,885.55 $395.06 $0.00 $253.79 $45,534.40
90 $45,534.40 $395.06 $0.00 $257.46 $46,186.92
91 $46,186.92 $395.06 $0.00 $261.15 $46,843.13
92 $46,843.13 $395.06 $0.00 $264.86 $47,503.05
93 $47,503.05 $395.06 $0.00 $268.59 $48,166.70
94 $48,166.70 $395.06 $0.00 $272.34 $48,834.10
95 $48,834.10 $395.06 $0.00 $276.12 $49,505.28
96 $49,505.28 $395.06 $0.00 $279.91 $50,180.25
97 $50,180.25 $395.06 $0.00 $283.73 $50,859.04
98 $50,859.04 $395.06 $0.00 $287.56 $51,541.66
99 $51,541.66 $395.06 $0.00 $291.42 $52,228.14
100 $52,228.14 $395.06 $0.00 $295.31 $52,918.51
101 $52,918.51 $395.06 $0.00 $299.21 $53,612.78
102 $53,612.78 $395.06 $0.00 $303.13 $54,310.97
103 $54,310.97 $395.06 $0.00 $307.08 $55,013.11
104 $55,013.11 $395.06 $0.00 $311.05 $55,719.22
105 $55,719.22 $395.06 $0.00 $315.04 $56,429.32
106 $56,429.32 $395.06 $0.00 $319.06 $57,143.44
107 $57,143.44 $395.06 $0.00 $323.10 $57,861.60
108 $57,861.60 $395.06 $0.00 $327.16 $58,583.82
109 $58,583.82 $395.06 $0.00 $331.24 $59,310.12
110 $59,310.12 $395.06 $0.00 $335.35 $60,040.53
111 $60,040.53 $395.06 $0.00 $339.48 $60,775.07
112 $60,775.07 $395.06 $0.00 $343.63 $61,513.76
113 $61,513.76 $395.06 $0.00 $347.81 $62,256.63
114 $62,256.63 $395.06 $0.00 $352.01 $63,003.70
115 $63,003.70 $395.06 $0.00 $356.23 $63,754.99
116 $63,754.99 $395.06 $0.00 $360.48 $64,510.53
117 $64,510.53 $395.06 $0.00 $364.75 $65,270.34
118 $65,270.34 $395.06 $0.00 $369.05 $66,034.45
119 $66,034.45 $395.06 $0.00 $373.37 $66,802.88
120 $66,802.88 $395.06 $0.00 $377.71 $67,575.65
121 $67,575.65 $395.06 $0.00 $382.08 $68,352.79
122 $68,352.79 $395.06 $0.00 $386.48 $69,134.33
123 $69,134.33 $395.06 $0.00 $390.90 $69,920.29
124 $69,920.29 $395.06 $0.00 $395.34 $70,710.69
125 $70,710.69 $395.06 $0.00 $399.81 $71,505.56
126 $71,505.56 $395.06 $0.00 $404.30 $72,304.92
127 $72,304.92 $395.06 $0.00 $408.82 $73,108.80
128 $73,108.80 $395.06 $0.00 $413.37 $73,917.23
129 $73,917.23 $395.06 $0.00 $417.94 $74,730.23
130 $74,730.23 $395.06 $0.00 $422.54 $75,547.83
131 $75,547.83 $395.06 $0.00 $427.16 $76,370.05
132 $76,370.05 $395.06 $0.00 $431.81 $77,196.92
133 $77,196.92 $395.06 $0.00 $436.48 $78,028.46
134 $78,028.46 $395.06 $0.00 $441.18 $78,864.70
135 $78,864.70 $395.06 $0.00 $445.91 $79,705.67
136 $79,705.67 $395.06 $0.00 $450.67 $80,551.40
137 $80,551.40 $395.06 $0.00 $455.45 $81,401.91
138 $81,401.91 $395.06 $0.00 $460.26 $82,257.23
139 $82,257.23 $395.06 $0.00 $465.09 $83,117.38
140 $83,117.38 $395.06 $0.00 $469.96 $83,982.40
141 $83,982.40 $395.06 $0.00 $474.85 $84,852.31
142 $84,852.31 $395.06 $0.00 $479.77 $85,727.14
143 $85,727.14 $395.06 $0.00 $484.71 $86,606.91
144 $86,606.91 $395.06 $0.00 $489.69 $87,491.66
145 $87,491.66 $395.06 $0.00 $494.69 $88,381.41
146 $88,381.41 $395.06 $0.00 $499.72 $89,276.19
147 $89,276.19 $395.06 $0.00 $504.78 $90,176.03
148 $90,176.03 $395.06 $0.00 $509.87 $91,080.96
149 $91,080.96 $395.06 $0.00 $514.98 $91,991.00
150 $91,991.00 $395.06 $0.00 $520.13 $92,906.19
151 $92,906.19 $395.06 $0.00 $525.31 $93,826.56
152 $93,826.56 $395.06 $0.00 $530.51 $94,752.13
153 $94,752.13 $395.06 $0.00 $535.74 $95,682.93
154 $95,682.93 $395.06 $0.00 $541.01 $96,619.00
155 $96,619.00 $395.06 $0.00 $546.30 $97,560.36
156 $97,560.36 $395.06 $0.00 $551.62 $98,507.04
157 $98,507.04 $395.06 $0.00 $556.97 $99,459.07
158 $99,459.07 $395.06 $0.00 $562.36 $100,416.49
159 $100,416.49 $395.06 $0.00 $567.77 $101,379.32
160 $101,379.32 $395.06 $0.00 $573.21 $102,347.59
161 $102,347.59 $395.06 $0.00 $578.69 $103,321.34
162 $103,321.34 $395.06 $0.00 $584.19 $104,300.59
163 $104,300.59 $395.06 $0.00 $589.73 $105,285.38
164 $105,285.38 $395.06 $0.00 $595.30 $106,275.74
165 $106,275.74 $395.06 $0.00 $600.90 $107,271.70
166 $107,271.70 $395.06 $0.00 $606.53 $108,273.29
167 $108,273.29 $395.06 $0.00 $612.19 $109,280.54
168 $109,280.54 $395.06 $0.00 $617.89 $110,293.49
169 $110,293.49 $395.06 $0.00 $623.62 $111,312.17
170 $111,312.17 $395.06 $0.00 $629.38 $112,336.61
171 $112,336.61 $395.06 $0.00 $635.17 $113,366.84
172 $113,366.84 $395.06 $0.00 $640.99 $114,402.89
173 $114,402.89 $395.06 $0.00 $646.85 $115,444.80
174 $115,444.80 $395.06 $0.00 $652.74 $116,492.60
175 $116,492.60 $395.06 $0.00 $658.67 $117,546.33
176 $117,546.33 $395.06 $0.00 $664.62 $118,606.01
177 $118,606.01 $395.06 $0.00 $670.62 $119,671.69
178 $119,671.69 $395.06 $0.00 $676.64 $120,743.39
179 $120,743.39 $395.06 $0.00 $682.70 $121,821.15
180 $121,821.15 $395.06 $0.00 $688.79 $122,905.00
181 $122,905.00 $395.06 $0.00 $694.92 $123,994.98
182 $123,994.98 $395.06 $0.00 $701.09 $125,091.13
183 $125,091.13 $395.06 $0.00 $707.28 $126,193.47
184 $126,193.47 $395.06 $0.00 $713.52 $127,302.05
185 $127,302.05 $395.06 $0.00 $719.78 $128,416.89
186 $128,416.89 $395.06 $0.00 $726.09 $129,538.04
187 $129,538.04 $395.06 $0.00 $732.43 $130,665.53
188 $130,665.53 $395.06 $0.00 $738.80 $131,799.39
189 $131,799.39 $395.06 $0.00 $745.21 $132,939.66
190 $132,939.66 $395.06 $0.00 $751.66 $134,086.38
191 $134,086.38 $395.06 $0.00 $758.14 $135,239.58
192 $135,239.58 $395.06 $0.00 $764.66 $136,399.30
193 $136,399.30 $395.06 $0.00 $771.22 $137,565.58
194 $137,565.58 $395.06 $0.00 $777.82 $138,738.46
195 $138,738.46 $395.06 $0.00 $784.45 $139,917.97
196 $139,917.97 $395.06 $0.00 $791.12 $141,104.15
197 $141,104.15 $395.06 $0.00 $797.82 $142,297.03
198 $142,297.03 $395.06 $0.00 $804.57 $143,496.66
199 $143,496.66 $395.06 $0.00 $811.35 $144,703.07
200 $144,703.07 $395.06 $0.00 $818.17 $145,916.30
201 $145,916.30 $395.06 $0.00 $825.03 $147,136.39
202 $147,136.39 $395.06 $0.00 $831.93 $148,363.38
203 $148,363.38 $395.06 $0.00 $838.87 $149,597.31
204 $149,597.31 $395.06 $0.00 $845.84 $150,838.21
205 $150,838.21 $395.06 $0.00 $852.86 $152,086.13
206 $152,086.13 $395.06 $0.00 $859.92 $153,341.11
207 $153,341.11 $395.06 $0.00 $867.01 $154,603.18
208 $154,603.18 $395.06 $0.00 $874.15 $155,872.39
209 $155,872.39 $395.06 $0.00 $881.33 $157,148.78
210 $157,148.78 $395.06 $0.00 $888.54 $158,432.38
211 $158,432.38 $395.06 $0.00 $895.80 $159,723.24
212 $159,723.24 $395.06 $0.00 $903.10 $161,021.40
213 $161,021.40 $395.06 $0.00 $910.44 $162,326.90
214 $162,326.90 $395.06 $0.00 $917.82 $163,639.78
215 $163,639.78 $395.06 $0.00 $925.24 $164,960.08
216 $164,960.08 $395.06 $0.00 $932.71 $166,287.85
217 $166,287.85 $395.06 $86,722.52 $940.22 $80,900.61
218 $80,900.61 $395.06 $0.00 $457.42 $81,753.09
219 $81,753.09 $395.06 $0.00 $462.24 $82,610.39
220 $82,610.39 $395.06 $0.00 $467.09 $83,472.54
221 $83,472.54 $395.06 $0.00 $471.97 $84,339.57
222 $84,339.57 $395.06 $0.00 $476.87 $85,211.50
223 $85,211.50 $395.06 $0.00 $481.80 $86,088.36
224 $86,088.36 $395.06 $0.00 $486.76 $86,970.18
225 $86,970.18 $395.06 $0.00 $491.74 $87,856.98
226 $87,856.98 $395.06 $0.00 $496.76 $88,748.80
227 $88,748.80 $395.06 $0.00 $501.80 $89,645.66
228 $89,645.66 $395.06 $0.00 $506.87 $90,547.59
229 $90,547.59 $0.00 $91,058.65 $511.97 $0.91