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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$71,650
Monthly savings required$567

How much will it cost to send your child to Vermont Technical College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $286,601.29 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $567.18 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$27,630.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $567.18 $0.00 $0.00 $567.18
2 $567.18 $567.18 $0.00 $3.21 $1,137.57
3 $1,137.57 $567.18 $0.00 $6.43 $1,711.18
4 $1,711.18 $567.18 $0.00 $9.68 $2,288.04
5 $2,288.04 $567.18 $0.00 $12.94 $2,868.16
6 $2,868.16 $567.18 $0.00 $16.22 $3,451.56
7 $3,451.56 $567.18 $0.00 $19.52 $4,038.26
8 $4,038.26 $567.18 $0.00 $22.83 $4,628.27
9 $4,628.27 $567.18 $0.00 $26.17 $5,221.62
10 $5,221.62 $567.18 $0.00 $29.52 $5,818.32
11 $5,818.32 $567.18 $0.00 $32.90 $6,418.40
12 $6,418.40 $567.18 $0.00 $36.29 $7,021.87
13 $7,021.87 $567.18 $0.00 $39.70 $7,628.75
14 $7,628.75 $567.18 $0.00 $43.13 $8,239.06
15 $8,239.06 $567.18 $0.00 $46.58 $8,852.82
16 $8,852.82 $567.18 $0.00 $50.06 $9,470.06
17 $9,470.06 $567.18 $0.00 $53.55 $10,090.79
18 $10,090.79 $567.18 $0.00 $57.05 $10,715.02
19 $10,715.02 $567.18 $0.00 $60.58 $11,342.78
20 $11,342.78 $567.18 $0.00 $64.13 $11,974.09
21 $11,974.09 $567.18 $0.00 $67.70 $12,608.97
22 $12,608.97 $567.18 $0.00 $71.29 $13,247.44
23 $13,247.44 $567.18 $0.00 $74.90 $13,889.52
24 $13,889.52 $567.18 $0.00 $78.53 $14,535.23
25 $14,535.23 $567.18 $0.00 $82.18 $15,184.59
26 $15,184.59 $567.18 $0.00 $85.86 $15,837.63
27 $15,837.63 $567.18 $0.00 $89.55 $16,494.36
28 $16,494.36 $567.18 $0.00 $93.26 $17,154.80
29 $17,154.80 $567.18 $0.00 $97.00 $17,818.98
30 $17,818.98 $567.18 $0.00 $100.75 $18,486.91
31 $18,486.91 $567.18 $0.00 $104.53 $19,158.62
32 $19,158.62 $567.18 $0.00 $108.33 $19,834.13
33 $19,834.13 $567.18 $0.00 $112.15 $20,513.46
34 $20,513.46 $567.18 $0.00 $115.99 $21,196.63
35 $21,196.63 $567.18 $0.00 $119.85 $21,883.66
36 $21,883.66 $567.18 $0.00 $123.73 $22,574.57
37 $22,574.57 $567.18 $0.00 $127.64 $23,269.39
38 $23,269.39 $567.18 $0.00 $131.57 $23,968.14
39 $23,968.14 $567.18 $0.00 $135.52 $24,670.84
40 $24,670.84 $567.18 $0.00 $139.49 $25,377.51
41 $25,377.51 $567.18 $0.00 $143.49 $26,088.18
42 $26,088.18 $567.18 $0.00 $147.51 $26,802.87
43 $26,802.87 $567.18 $0.00 $151.55 $27,521.60
44 $27,521.60 $567.18 $0.00 $155.61 $28,244.39
45 $28,244.39 $567.18 $0.00 $159.70 $28,971.27
46 $28,971.27 $567.18 $0.00 $163.81 $29,702.26
47 $29,702.26 $567.18 $0.00 $167.94 $30,437.38
48 $30,437.38 $567.18 $0.00 $172.10 $31,176.66
49 $31,176.66 $567.18 $0.00 $176.28 $31,920.12
50 $31,920.12 $567.18 $0.00 $180.48 $32,667.78
51 $32,667.78 $567.18 $0.00 $184.71 $33,419.67
52 $33,419.67 $567.18 $0.00 $188.96 $34,175.81
53 $34,175.81 $567.18 $0.00 $193.23 $34,936.22
54 $34,936.22 $567.18 $0.00 $197.53 $35,700.93
55 $35,700.93 $567.18 $0.00 $201.86 $36,469.97
56 $36,469.97 $567.18 $0.00 $206.21 $37,243.36
57 $37,243.36 $567.18 $0.00 $210.58 $38,021.12
58 $38,021.12 $567.18 $0.00 $214.98 $38,803.28
59 $38,803.28 $567.18 $0.00 $219.40 $39,589.86
60 $39,589.86 $567.18 $0.00 $223.85 $40,380.89
61 $40,380.89 $567.18 $0.00 $228.32 $41,176.39
62 $41,176.39 $567.18 $0.00 $232.82 $41,976.39
63 $41,976.39 $567.18 $0.00 $237.34 $42,780.91
64 $42,780.91 $567.18 $0.00 $241.89 $43,589.98
65 $43,589.98 $567.18 $0.00 $246.46 $44,403.62
66 $44,403.62 $567.18 $0.00 $251.06 $45,221.86
67 $45,221.86 $567.18 $0.00 $255.69 $46,044.73
68 $46,044.73 $567.18 $0.00 $260.34 $46,872.25
69 $46,872.25 $567.18 $0.00 $265.02 $47,704.45
70 $47,704.45 $567.18 $0.00 $269.73 $48,541.36
71 $48,541.36 $567.18 $0.00 $274.46 $49,383.00
72 $49,383.00 $567.18 $0.00 $279.22 $50,229.40
73 $50,229.40 $567.18 $0.00 $284.00 $51,080.58
74 $51,080.58 $567.18 $0.00 $288.82 $51,936.58
75 $51,936.58 $567.18 $0.00 $293.66 $52,797.42
76 $52,797.42 $567.18 $0.00 $298.52 $53,663.12
77 $53,663.12 $567.18 $0.00 $303.42 $54,533.72
78 $54,533.72 $567.18 $0.00 $308.34 $55,409.24
79 $55,409.24 $567.18 $0.00 $313.29 $56,289.71
80 $56,289.71 $567.18 $0.00 $318.27 $57,175.16
81 $57,175.16 $567.18 $0.00 $323.28 $58,065.62
82 $58,065.62 $567.18 $0.00 $328.31 $58,961.11
83 $58,961.11 $567.18 $0.00 $333.37 $59,861.66
84 $59,861.66 $567.18 $0.00 $338.47 $60,767.31
85 $60,767.31 $567.18 $0.00 $343.59 $61,678.08
86 $61,678.08 $567.18 $0.00 $348.74 $62,594.00
87 $62,594.00 $567.18 $0.00 $353.92 $63,515.10
88 $63,515.10 $567.18 $0.00 $359.12 $64,441.40
89 $64,441.40 $567.18 $0.00 $364.36 $65,372.94
90 $65,372.94 $567.18 $0.00 $369.63 $66,309.75
91 $66,309.75 $567.18 $0.00 $374.92 $67,251.85
92 $67,251.85 $567.18 $0.00 $380.25 $68,199.28
93 $68,199.28 $567.18 $0.00 $385.61 $69,152.07
94 $69,152.07 $567.18 $0.00 $391.00 $70,110.25
95 $70,110.25 $567.18 $0.00 $396.41 $71,073.84
96 $71,073.84 $567.18 $0.00 $401.86 $72,042.88
97 $72,042.88 $567.18 $0.00 $407.34 $73,017.40
98 $73,017.40 $567.18 $0.00 $412.85 $73,997.43
99 $73,997.43 $567.18 $0.00 $418.39 $74,983.00
100 $74,983.00 $567.18 $0.00 $423.96 $75,974.14
101 $75,974.14 $567.18 $0.00 $429.57 $76,970.89
102 $76,970.89 $567.18 $0.00 $435.20 $77,973.27
103 $77,973.27 $567.18 $0.00 $440.87 $78,981.32
104 $78,981.32 $567.18 $0.00 $446.57 $79,995.07
105 $79,995.07 $567.18 $0.00 $452.30 $81,014.55
106 $81,014.55 $567.18 $0.00 $458.07 $82,039.80
107 $82,039.80 $567.18 $0.00 $463.86 $83,070.84
108 $83,070.84 $567.18 $0.00 $469.69 $84,107.71
109 $84,107.71 $567.18 $0.00 $475.56 $85,150.45
110 $85,150.45 $567.18 $0.00 $481.45 $86,199.08
111 $86,199.08 $567.18 $0.00 $487.38 $87,253.64
112 $87,253.64 $567.18 $0.00 $493.34 $88,314.16
113 $88,314.16 $567.18 $0.00 $499.34 $89,380.68
114 $89,380.68 $567.18 $0.00 $505.37 $90,453.23
115 $90,453.23 $567.18 $0.00 $511.44 $91,531.85
116 $91,531.85 $567.18 $0.00 $517.53 $92,616.56
117 $92,616.56 $567.18 $0.00 $523.67 $93,707.41
118 $93,707.41 $567.18 $0.00 $529.84 $94,804.43
119 $94,804.43 $567.18 $0.00 $536.04 $95,907.65
120 $95,907.65 $567.18 $0.00 $542.28 $97,017.11
121 $97,017.11 $567.18 $0.00 $548.55 $98,132.84
122 $98,132.84 $567.18 $0.00 $554.86 $99,254.88
123 $99,254.88 $567.18 $0.00 $561.20 $100,383.26
124 $100,383.26 $567.18 $0.00 $567.58 $101,518.02
125 $101,518.02 $567.18 $0.00 $574.00 $102,659.20
126 $102,659.20 $567.18 $0.00 $580.45 $103,806.83
127 $103,806.83 $567.18 $0.00 $586.94 $104,960.95
128 $104,960.95 $567.18 $0.00 $593.46 $106,121.59
129 $106,121.59 $567.18 $0.00 $600.03 $107,288.80
130 $107,288.80 $567.18 $0.00 $606.63 $108,462.61
131 $108,462.61 $567.18 $0.00 $613.26 $109,643.05
132 $109,643.05 $567.18 $0.00 $619.94 $110,830.17
133 $110,830.17 $567.18 $0.00 $626.65 $112,024.00
134 $112,024.00 $567.18 $0.00 $633.40 $113,224.58
135 $113,224.58 $567.18 $0.00 $640.19 $114,431.95
136 $114,431.95 $567.18 $0.00 $647.01 $115,646.14
137 $115,646.14 $567.18 $0.00 $653.88 $116,867.20
138 $116,867.20 $567.18 $0.00 $660.78 $118,095.16
139 $118,095.16 $567.18 $0.00 $667.73 $119,330.07
140 $119,330.07 $567.18 $0.00 $674.71 $120,571.96
141 $120,571.96 $567.18 $0.00 $681.73 $121,820.87
142 $121,820.87 $567.18 $0.00 $688.79 $123,076.84
143 $123,076.84 $567.18 $0.00 $695.89 $124,339.91
144 $124,339.91 $567.18 $0.00 $703.04 $125,610.13
145 $125,610.13 $567.18 $0.00 $710.22 $126,887.53
146 $126,887.53 $567.18 $0.00 $717.44 $128,172.15
147 $128,172.15 $567.18 $0.00 $724.70 $129,464.03
148 $129,464.03 $567.18 $0.00 $732.01 $130,763.22
149 $130,763.22 $567.18 $0.00 $739.35 $132,069.75
150 $132,069.75 $567.18 $0.00 $746.74 $133,383.67
151 $133,383.67 $567.18 $0.00 $754.17 $134,705.02
152 $134,705.02 $567.18 $0.00 $761.64 $136,033.84
153 $136,033.84 $567.18 $0.00 $769.16 $137,370.18
154 $137,370.18 $567.18 $0.00 $776.71 $138,714.07
155 $138,714.07 $567.18 $0.00 $784.31 $140,065.56
156 $140,065.56 $567.18 $0.00 $791.95 $141,424.69
157 $141,424.69 $567.18 $0.00 $799.64 $142,791.51
158 $142,791.51 $567.18 $0.00 $807.36 $144,166.05
159 $144,166.05 $567.18 $0.00 $815.14 $145,548.37
160 $145,548.37 $567.18 $0.00 $822.95 $146,938.50
161 $146,938.50 $567.18 $0.00 $830.81 $148,336.49
162 $148,336.49 $567.18 $0.00 $838.72 $149,742.39
163 $149,742.39 $567.18 $0.00 $846.67 $151,156.24
164 $151,156.24 $567.18 $0.00 $854.66 $152,578.08
165 $152,578.08 $567.18 $0.00 $862.70 $154,007.96
166 $154,007.96 $567.18 $0.00 $870.78 $155,445.92
167 $155,445.92 $567.18 $0.00 $878.91 $156,892.01
168 $156,892.01 $567.18 $0.00 $887.09 $158,346.28
169 $158,346.28 $567.18 $0.00 $895.31 $159,808.77
170 $159,808.77 $567.18 $0.00 $903.58 $161,279.53
171 $161,279.53 $567.18 $0.00 $911.90 $162,758.61
172 $162,758.61 $567.18 $0.00 $920.26 $164,246.05
173 $164,246.05 $567.18 $0.00 $928.67 $165,741.90
174 $165,741.90 $567.18 $0.00 $937.13 $167,246.21
175 $167,246.21 $567.18 $0.00 $945.63 $168,759.02
176 $168,759.02 $567.18 $0.00 $954.19 $170,280.39
177 $170,280.39 $567.18 $0.00 $962.79 $171,810.36
178 $171,810.36 $567.18 $0.00 $971.44 $173,348.98
179 $173,348.98 $567.18 $0.00 $980.14 $174,896.30
180 $174,896.30 $567.18 $0.00 $988.89 $176,452.37
181 $176,452.37 $567.18 $0.00 $997.69 $178,017.24
182 $178,017.24 $567.18 $0.00 $1,006.54 $179,590.96
183 $179,590.96 $567.18 $0.00 $1,015.43 $181,173.57
184 $181,173.57 $567.18 $0.00 $1,024.38 $182,765.13
185 $182,765.13 $567.18 $0.00 $1,033.38 $184,365.69
186 $184,365.69 $567.18 $0.00 $1,042.43 $185,975.30
187 $185,975.30 $567.18 $0.00 $1,051.53 $187,594.01
188 $187,594.01 $567.18 $0.00 $1,060.68 $189,221.87
189 $189,221.87 $567.18 $0.00 $1,069.89 $190,858.94
190 $190,858.94 $567.18 $0.00 $1,079.14 $192,505.26
191 $192,505.26 $567.18 $0.00 $1,088.45 $194,160.89
192 $194,160.89 $567.18 $0.00 $1,097.81 $195,825.88
193 $195,825.88 $567.18 $0.00 $1,107.23 $197,500.29
194 $197,500.29 $567.18 $0.00 $1,116.70 $199,184.17
195 $199,184.17 $567.18 $0.00 $1,126.22 $200,877.57
196 $200,877.57 $567.18 $0.00 $1,135.79 $202,580.54
197 $202,580.54 $567.18 $0.00 $1,145.42 $204,293.14
198 $204,293.14 $567.18 $0.00 $1,155.10 $206,015.42
199 $206,015.42 $567.18 $0.00 $1,164.84 $207,747.44
200 $207,747.44 $567.18 $0.00 $1,174.63 $209,489.25
201 $209,489.25 $567.18 $0.00 $1,184.48 $211,240.91
202 $211,240.91 $567.18 $0.00 $1,194.39 $213,002.48
203 $213,002.48 $567.18 $0.00 $1,204.35 $214,774.01
204 $214,774.01 $567.18 $0.00 $1,214.36 $216,555.55
205 $216,555.55 $567.18 $0.00 $1,224.44 $218,347.17
206 $218,347.17 $567.18 $0.00 $1,234.57 $220,148.92
207 $220,148.92 $567.18 $0.00 $1,244.75 $221,960.85
208 $221,960.85 $567.18 $0.00 $1,255.00 $223,783.03
209 $223,783.03 $567.18 $0.00 $1,265.30 $225,615.51
210 $225,615.51 $567.18 $0.00 $1,275.66 $227,458.35
211 $227,458.35 $567.18 $0.00 $1,286.08 $229,311.61
212 $229,311.61 $567.18 $0.00 $1,296.56 $231,175.35
213 $231,175.35 $567.18 $0.00 $1,307.10 $233,049.63
214 $233,049.63 $567.18 $0.00 $1,317.70 $234,934.51
215 $234,934.51 $567.18 $0.00 $1,328.35 $236,830.04
216 $236,830.04 $567.18 $0.00 $1,339.07 $238,736.29
217 $238,736.29 $567.18 $66,494.89 $1,349.85 $174,158.43
218 $174,158.43 $567.18 $0.00 $984.72 $175,710.33
219 $175,710.33 $567.18 $0.00 $993.49 $177,271.00
220 $177,271.00 $567.18 $0.00 $1,002.32 $178,840.50
221 $178,840.50 $567.18 $0.00 $1,011.19 $180,418.87
222 $180,418.87 $567.18 $0.00 $1,020.11 $182,006.16
223 $182,006.16 $567.18 $0.00 $1,029.09 $183,602.43
224 $183,602.43 $567.18 $0.00 $1,038.11 $185,207.72
225 $185,207.72 $567.18 $0.00 $1,047.19 $186,822.09
226 $186,822.09 $567.18 $0.00 $1,056.32 $188,445.59
227 $188,445.59 $567.18 $0.00 $1,065.50 $190,078.27
228 $190,078.27 $567.18 $0.00 $1,074.73 $191,720.18
229 $191,720.18 $567.18 $69,819.63 $1,084.01 $123,551.74
230 $123,551.74 $567.18 $0.00 $698.58 $124,817.50
231 $124,817.50 $567.18 $0.00 $705.74 $126,090.42
232 $126,090.42 $567.18 $0.00 $712.93 $127,370.53
233 $127,370.53 $567.18 $0.00 $720.17 $128,657.88
234 $128,657.88 $567.18 $0.00 $727.45 $129,952.51
235 $129,952.51 $567.18 $0.00 $734.77 $131,254.46
236 $131,254.46 $567.18 $0.00 $742.13 $132,563.77
237 $132,563.77 $567.18 $0.00 $749.53 $133,880.48
238 $133,880.48 $567.18 $0.00 $756.98 $135,204.64
239 $135,204.64 $567.18 $0.00 $764.47 $136,536.29
240 $136,536.29 $567.18 $0.00 $772.00 $137,875.47
241 $137,875.47 $567.18 $73,310.62 $779.57 $65,911.60
242 $65,911.60 $567.18 $0.00 $372.67 $66,851.45
243 $66,851.45 $567.18 $0.00 $377.99 $67,796.62
244 $67,796.62 $567.18 $0.00 $383.33 $68,747.13
245 $68,747.13 $567.18 $0.00 $388.71 $69,703.02
246 $69,703.02 $567.18 $0.00 $394.11 $70,664.31
247 $70,664.31 $567.18 $0.00 $399.55 $71,631.04
248 $71,631.04 $567.18 $0.00 $405.01 $72,603.23
249 $72,603.23 $567.18 $0.00 $410.51 $73,580.92
250 $73,580.92 $567.18 $0.00 $416.04 $74,564.14
251 $74,564.14 $567.18 $0.00 $421.60 $75,552.92
252 $75,552.92 $567.18 $0.00 $427.19 $76,547.29
253 $76,547.29 $0.00 $76,976.15 $432.81 $3.95