Savings Plan and Future Cost Estimation for Potomac College Herndon

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$64,363
Monthly savings required$509

How much will it cost to send your child to Potomac College Herndon in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $257,453.63 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $509.48 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$24,820.00
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 $509.48 $0.00 $0.00 $509.48
2 $509.48 $509.48 $0.00 $2.88 $1,021.84
3 $1,021.84 $509.48 $0.00 $5.78 $1,537.10
4 $1,537.10 $509.48 $0.00 $8.69 $2,055.27
5 $2,055.27 $509.48 $0.00 $11.62 $2,576.37
6 $2,576.37 $509.48 $0.00 $14.57 $3,100.42
7 $3,100.42 $509.48 $0.00 $17.53 $3,627.43
8 $3,627.43 $509.48 $0.00 $20.51 $4,157.42
9 $4,157.42 $509.48 $0.00 $23.51 $4,690.41
10 $4,690.41 $509.48 $0.00 $26.52 $5,226.41
11 $5,226.41 $509.48 $0.00 $29.55 $5,765.44
12 $5,765.44 $509.48 $0.00 $32.60 $6,307.52
13 $6,307.52 $509.48 $0.00 $35.66 $6,852.66
14 $6,852.66 $509.48 $0.00 $38.75 $7,400.89
15 $7,400.89 $509.48 $0.00 $41.85 $7,952.22
16 $7,952.22 $509.48 $0.00 $44.96 $8,506.66
17 $8,506.66 $509.48 $0.00 $48.10 $9,064.24
18 $9,064.24 $509.48 $0.00 $51.25 $9,624.97
19 $9,624.97 $509.48 $0.00 $54.42 $10,188.87
20 $10,188.87 $509.48 $0.00 $57.61 $10,755.96
21 $10,755.96 $509.48 $0.00 $60.82 $11,326.26
22 $11,326.26 $509.48 $0.00 $64.04 $11,899.78
23 $11,899.78 $509.48 $0.00 $67.28 $12,476.54
24 $12,476.54 $509.48 $0.00 $70.54 $13,056.56
25 $13,056.56 $509.48 $0.00 $73.82 $13,639.86
26 $13,639.86 $509.48 $0.00 $77.12 $14,226.46
27 $14,226.46 $509.48 $0.00 $80.44 $14,816.38
28 $14,816.38 $509.48 $0.00 $83.77 $15,409.63
29 $15,409.63 $509.48 $0.00 $87.13 $16,006.24
30 $16,006.24 $509.48 $0.00 $90.50 $16,606.22
31 $16,606.22 $509.48 $0.00 $93.89 $17,209.59
32 $17,209.59 $509.48 $0.00 $97.31 $17,816.38
33 $17,816.38 $509.48 $0.00 $100.74 $18,426.60
34 $18,426.60 $509.48 $0.00 $104.19 $19,040.27
35 $19,040.27 $509.48 $0.00 $107.66 $19,657.41
36 $19,657.41 $509.48 $0.00 $111.15 $20,278.04
37 $20,278.04 $509.48 $0.00 $114.65 $20,902.17
38 $20,902.17 $509.48 $0.00 $118.18 $21,529.83
39 $21,529.83 $509.48 $0.00 $121.73 $22,161.04
40 $22,161.04 $509.48 $0.00 $125.30 $22,795.82
41 $22,795.82 $509.48 $0.00 $128.89 $23,434.19
42 $23,434.19 $509.48 $0.00 $132.50 $24,076.17
43 $24,076.17 $509.48 $0.00 $136.13 $24,721.78
44 $24,721.78 $509.48 $0.00 $139.78 $25,371.04
45 $25,371.04 $509.48 $0.00 $143.45 $26,023.97
46 $26,023.97 $509.48 $0.00 $147.14 $26,680.59
47 $26,680.59 $509.48 $0.00 $150.86 $27,340.93
48 $27,340.93 $509.48 $0.00 $154.59 $28,005.00
49 $28,005.00 $509.48 $0.00 $158.34 $28,672.82
50 $28,672.82 $509.48 $0.00 $162.12 $29,344.42
51 $29,344.42 $509.48 $0.00 $165.92 $30,019.82
52 $30,019.82 $509.48 $0.00 $169.74 $30,699.04
53 $30,699.04 $509.48 $0.00 $173.58 $31,382.10
54 $31,382.10 $509.48 $0.00 $177.44 $32,069.02
55 $32,069.02 $509.48 $0.00 $181.32 $32,759.82
56 $32,759.82 $509.48 $0.00 $185.23 $33,454.53
57 $33,454.53 $509.48 $0.00 $189.16 $34,153.17
58 $34,153.17 $509.48 $0.00 $193.11 $34,855.76
59 $34,855.76 $509.48 $0.00 $197.08 $35,562.32
60 $35,562.32 $509.48 $0.00 $201.07 $36,272.87
61 $36,272.87 $509.48 $0.00 $205.09 $36,987.44
62 $36,987.44 $509.48 $0.00 $209.13 $37,706.05
63 $37,706.05 $509.48 $0.00 $213.20 $38,428.73
64 $38,428.73 $509.48 $0.00 $217.28 $39,155.49
65 $39,155.49 $509.48 $0.00 $221.39 $39,886.36
66 $39,886.36 $509.48 $0.00 $225.52 $40,621.36
67 $40,621.36 $509.48 $0.00 $229.68 $41,360.52
68 $41,360.52 $509.48 $0.00 $233.86 $42,103.86
69 $42,103.86 $509.48 $0.00 $238.06 $42,851.40
70 $42,851.40 $509.48 $0.00 $242.29 $43,603.17
71 $43,603.17 $509.48 $0.00 $246.54 $44,359.19
72 $44,359.19 $509.48 $0.00 $250.81 $45,119.48
73 $45,119.48 $509.48 $0.00 $255.11 $45,884.07
74 $45,884.07 $509.48 $0.00 $259.44 $46,652.99
75 $46,652.99 $509.48 $0.00 $263.78 $47,426.25
76 $47,426.25 $509.48 $0.00 $268.15 $48,203.88
77 $48,203.88 $509.48 $0.00 $272.55 $48,985.91
78 $48,985.91 $509.48 $0.00 $276.97 $49,772.36
79 $49,772.36 $509.48 $0.00 $281.42 $50,563.26
80 $50,563.26 $509.48 $0.00 $285.89 $51,358.63
81 $51,358.63 $509.48 $0.00 $290.39 $52,158.50
82 $52,158.50 $509.48 $0.00 $294.91 $52,962.89
83 $52,962.89 $509.48 $0.00 $299.46 $53,771.83
84 $53,771.83 $509.48 $0.00 $304.03 $54,585.34
85 $54,585.34 $509.48 $0.00 $308.63 $55,403.45
86 $55,403.45 $509.48 $0.00 $313.26 $56,226.19
87 $56,226.19 $509.48 $0.00 $317.91 $57,053.58
88 $57,053.58 $509.48 $0.00 $322.59 $57,885.65
89 $57,885.65 $509.48 $0.00 $327.29 $58,722.42
90 $58,722.42 $509.48 $0.00 $332.03 $59,563.93
91 $59,563.93 $509.48 $0.00 $336.78 $60,410.19
92 $60,410.19 $509.48 $0.00 $341.57 $61,261.24
93 $61,261.24 $509.48 $0.00 $346.38 $62,117.10
94 $62,117.10 $509.48 $0.00 $351.22 $62,977.80
95 $62,977.80 $509.48 $0.00 $356.09 $63,843.37
96 $63,843.37 $509.48 $0.00 $360.98 $64,713.83
97 $64,713.83 $509.48 $0.00 $365.90 $65,589.21
98 $65,589.21 $509.48 $0.00 $370.85 $66,469.54
99 $66,469.54 $509.48 $0.00 $375.83 $67,354.85
100 $67,354.85 $509.48 $0.00 $380.83 $68,245.16
101 $68,245.16 $509.48 $0.00 $385.87 $69,140.51
102 $69,140.51 $509.48 $0.00 $390.93 $70,040.92
103 $70,040.92 $509.48 $0.00 $396.02 $70,946.42
104 $70,946.42 $509.48 $0.00 $401.14 $71,857.04
105 $71,857.04 $509.48 $0.00 $406.29 $72,772.81
106 $72,772.81 $509.48 $0.00 $411.47 $73,693.76
107 $73,693.76 $509.48 $0.00 $416.68 $74,619.92
108 $74,619.92 $509.48 $0.00 $421.91 $75,551.31
109 $75,551.31 $509.48 $0.00 $427.18 $76,487.97
110 $76,487.97 $509.48 $0.00 $432.47 $77,429.92
111 $77,429.92 $509.48 $0.00 $437.80 $78,377.20
112 $78,377.20 $509.48 $0.00 $443.16 $79,329.84
113 $79,329.84 $509.48 $0.00 $448.54 $80,287.86
114 $80,287.86 $509.48 $0.00 $453.96 $81,251.30
115 $81,251.30 $509.48 $0.00 $459.41 $82,220.19
116 $82,220.19 $509.48 $0.00 $464.88 $83,194.55
117 $83,194.55 $509.48 $0.00 $470.39 $84,174.42
118 $84,174.42 $509.48 $0.00 $475.93 $85,159.83
119 $85,159.83 $509.48 $0.00 $481.51 $86,150.82
120 $86,150.82 $509.48 $0.00 $487.11 $87,147.41
121 $87,147.41 $509.48 $0.00 $492.74 $88,149.63
122 $88,149.63 $509.48 $0.00 $498.41 $89,157.52
123 $89,157.52 $509.48 $0.00 $504.11 $90,171.11
124 $90,171.11 $509.48 $0.00 $509.84 $91,190.43
125 $91,190.43 $509.48 $0.00 $515.60 $92,215.51
126 $92,215.51 $509.48 $0.00 $521.40 $93,246.39
127 $93,246.39 $509.48 $0.00 $527.23 $94,283.10
128 $94,283.10 $509.48 $0.00 $533.09 $95,325.67
129 $95,325.67 $509.48 $0.00 $538.99 $96,374.14
130 $96,374.14 $509.48 $0.00 $544.91 $97,428.53
131 $97,428.53 $509.48 $0.00 $550.88 $98,488.89
132 $98,488.89 $509.48 $0.00 $556.87 $99,555.24
133 $99,555.24 $509.48 $0.00 $562.90 $100,627.62
134 $100,627.62 $509.48 $0.00 $568.96 $101,706.06
135 $101,706.06 $509.48 $0.00 $575.06 $102,790.60
136 $102,790.60 $509.48 $0.00 $581.19 $103,881.27
137 $103,881.27 $509.48 $0.00 $587.36 $104,978.11
138 $104,978.11 $509.48 $0.00 $593.56 $106,081.15
139 $106,081.15 $509.48 $0.00 $599.80 $107,190.43
140 $107,190.43 $509.48 $0.00 $606.07 $108,305.98
141 $108,305.98 $509.48 $0.00 $612.38 $109,427.84
142 $109,427.84 $509.48 $0.00 $618.72 $110,556.04
143 $110,556.04 $509.48 $0.00 $625.10 $111,690.62
144 $111,690.62 $509.48 $0.00 $631.52 $112,831.62
145 $112,831.62 $509.48 $0.00 $637.97 $113,979.07
146 $113,979.07 $509.48 $0.00 $644.45 $115,133.00
147 $115,133.00 $509.48 $0.00 $650.98 $116,293.46
148 $116,293.46 $509.48 $0.00 $657.54 $117,460.48
149 $117,460.48 $509.48 $0.00 $664.14 $118,634.10
150 $118,634.10 $509.48 $0.00 $670.77 $119,814.35
151 $119,814.35 $509.48 $0.00 $677.45 $121,001.28
152 $121,001.28 $509.48 $0.00 $684.16 $122,194.92
153 $122,194.92 $509.48 $0.00 $690.91 $123,395.31
154 $123,395.31 $509.48 $0.00 $697.70 $124,602.49
155 $124,602.49 $509.48 $0.00 $704.52 $125,816.49
156 $125,816.49 $509.48 $0.00 $711.38 $127,037.35
157 $127,037.35 $509.48 $0.00 $718.29 $128,265.12
158 $128,265.12 $509.48 $0.00 $725.23 $129,499.83
159 $129,499.83 $509.48 $0.00 $732.21 $130,741.52
160 $130,741.52 $509.48 $0.00 $739.23 $131,990.23
161 $131,990.23 $509.48 $0.00 $746.29 $133,246.00
162 $133,246.00 $509.48 $0.00 $753.39 $134,508.87
163 $134,508.87 $509.48 $0.00 $760.53 $135,778.88
164 $135,778.88 $509.48 $0.00 $767.71 $137,056.07
165 $137,056.07 $509.48 $0.00 $774.93 $138,340.48
166 $138,340.48 $509.48 $0.00 $782.20 $139,632.16
167 $139,632.16 $509.48 $0.00 $789.50 $140,931.14
168 $140,931.14 $509.48 $0.00 $796.85 $142,237.47
169 $142,237.47 $509.48 $0.00 $804.23 $143,551.18
170 $143,551.18 $509.48 $0.00 $811.66 $144,872.32
171 $144,872.32 $509.48 $0.00 $819.13 $146,200.93
172 $146,200.93 $509.48 $0.00 $826.64 $147,537.05
173 $147,537.05 $509.48 $0.00 $834.20 $148,880.73
174 $148,880.73 $509.48 $0.00 $841.79 $150,232.00
175 $150,232.00 $509.48 $0.00 $849.43 $151,590.91
176 $151,590.91 $509.48 $0.00 $857.12 $152,957.51
177 $152,957.51 $509.48 $0.00 $864.84 $154,331.83
178 $154,331.83 $509.48 $0.00 $872.61 $155,713.92
179 $155,713.92 $509.48 $0.00 $880.43 $157,103.83
180 $157,103.83 $509.48 $0.00 $888.29 $158,501.60
181 $158,501.60 $509.48 $0.00 $896.19 $159,907.27
182 $159,907.27 $509.48 $0.00 $904.14 $161,320.89
183 $161,320.89 $509.48 $0.00 $912.13 $162,742.50
184 $162,742.50 $509.48 $0.00 $920.17 $164,172.15
185 $164,172.15 $509.48 $0.00 $928.25 $165,609.88
186 $165,609.88 $509.48 $0.00 $936.38 $167,055.74
187 $167,055.74 $509.48 $0.00 $944.56 $168,509.78
188 $168,509.78 $509.48 $0.00 $952.78 $169,972.04
189 $169,972.04 $509.48 $0.00 $961.05 $171,442.57
190 $171,442.57 $509.48 $0.00 $969.36 $172,921.41
191 $172,921.41 $509.48 $0.00 $977.72 $174,408.61
192 $174,408.61 $509.48 $0.00 $986.13 $175,904.22
193 $175,904.22 $509.48 $0.00 $994.59 $177,408.29
194 $177,408.29 $509.48 $0.00 $1,003.09 $178,920.86
195 $178,920.86 $509.48 $0.00 $1,011.64 $180,441.98
196 $180,441.98 $509.48 $0.00 $1,020.25 $181,971.71
197 $181,971.71 $509.48 $0.00 $1,028.89 $183,510.08
198 $183,510.08 $509.48 $0.00 $1,037.59 $185,057.15
199 $185,057.15 $509.48 $0.00 $1,046.34 $186,612.97
200 $186,612.97 $509.48 $0.00 $1,055.14 $188,177.59
201 $188,177.59 $509.48 $0.00 $1,063.98 $189,751.05
202 $189,751.05 $509.48 $0.00 $1,072.88 $191,333.41
203 $191,333.41 $509.48 $0.00 $1,081.83 $192,924.72
204 $192,924.72 $509.48 $0.00 $1,090.82 $194,525.02
205 $194,525.02 $509.48 $0.00 $1,099.87 $196,134.37
206 $196,134.37 $509.48 $0.00 $1,108.97 $197,752.82
207 $197,752.82 $509.48 $0.00 $1,118.12 $199,380.42
208 $199,380.42 $509.48 $0.00 $1,127.33 $201,017.23
209 $201,017.23 $509.48 $0.00 $1,136.58 $202,663.29
210 $202,663.29 $509.48 $0.00 $1,145.89 $204,318.66
211 $204,318.66 $509.48 $0.00 $1,155.25 $205,983.39
212 $205,983.39 $509.48 $0.00 $1,164.66 $207,657.53
213 $207,657.53 $509.48 $0.00 $1,174.13 $209,341.14
214 $209,341.14 $509.48 $0.00 $1,183.65 $211,034.27
215 $211,034.27 $509.48 $0.00 $1,193.22 $212,736.97
216 $212,736.97 $509.48 $0.00 $1,202.85 $214,449.30
217 $214,449.30 $509.48 $59,732.29 $1,212.53 $156,439.02
218 $156,439.02 $509.48 $0.00 $884.53 $157,833.03
219 $157,833.03 $509.48 $0.00 $892.41 $159,234.92
220 $159,234.92 $509.48 $0.00 $900.34 $160,644.74
221 $160,644.74 $509.48 $0.00 $908.31 $162,062.53
222 $162,062.53 $509.48 $0.00 $916.33 $163,488.34
223 $163,488.34 $509.48 $0.00 $924.39 $164,922.21
224 $164,922.21 $509.48 $0.00 $932.49 $166,364.18
225 $166,364.18 $509.48 $0.00 $940.65 $167,814.31
226 $167,814.31 $509.48 $0.00 $948.85 $169,272.64
227 $169,272.64 $509.48 $0.00 $957.09 $170,739.21
228 $170,739.21 $509.48 $0.00 $965.38 $172,214.07
229 $172,214.07 $509.48 $62,718.90 $973.72 $110,978.37
230 $110,978.37 $509.48 $0.00 $627.49 $112,115.34
231 $112,115.34 $509.48 $0.00 $633.92 $113,258.74
232 $113,258.74 $509.48 $0.00 $640.38 $114,408.60
233 $114,408.60 $509.48 $0.00 $646.88 $115,564.96
234 $115,564.96 $509.48 $0.00 $653.42 $116,727.86
235 $116,727.86 $509.48 $0.00 $660.00 $117,897.34
236 $117,897.34 $509.48 $0.00 $666.61 $119,073.43
237 $119,073.43 $509.48 $0.00 $673.26 $120,256.17
238 $120,256.17 $509.48 $0.00 $679.95 $121,445.60
239 $121,445.60 $509.48 $0.00 $686.67 $122,641.75
240 $122,641.75 $509.48 $0.00 $693.43 $123,844.66
241 $123,844.66 $509.48 $65,854.85 $700.24 $59,199.53
242 $59,199.53 $509.48 $0.00 $334.72 $60,043.73
243 $60,043.73 $509.48 $0.00 $339.50 $60,892.71
244 $60,892.71 $509.48 $0.00 $344.30 $61,746.49
245 $61,746.49 $509.48 $0.00 $349.12 $62,605.09
246 $62,605.09 $509.48 $0.00 $353.98 $63,468.55
247 $63,468.55 $509.48 $0.00 $358.86 $64,336.89
248 $64,336.89 $509.48 $0.00 $363.77 $65,210.14
249 $65,210.14 $509.48 $0.00 $368.71 $66,088.33
250 $66,088.33 $509.48 $0.00 $373.67 $66,971.48
251 $66,971.48 $509.48 $0.00 $378.67 $67,859.63
252 $67,859.63 $509.48 $0.00 $383.69 $68,752.80
253 $68,752.80 $0.00 $69,147.59 $388.74 ($6.05)