Savings Plan and Future Cost Estimation for Peninsula College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$49,898
Monthly savings required$395

How much will it cost to send your child to Peninsula College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $199,593.99 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $394.99 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$19,242.00
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 $394.99 $0.00 $0.00 $394.99
2 $394.99 $394.99 $0.00 $2.23 $792.21
3 $792.21 $394.99 $0.00 $4.48 $1,191.68
4 $1,191.68 $394.99 $0.00 $6.74 $1,593.41
5 $1,593.41 $394.99 $0.00 $9.01 $1,997.41
6 $1,997.41 $394.99 $0.00 $11.29 $2,403.69
7 $2,403.69 $394.99 $0.00 $13.59 $2,812.27
8 $2,812.27 $394.99 $0.00 $15.90 $3,223.16
9 $3,223.16 $394.99 $0.00 $18.22 $3,636.37
10 $3,636.37 $394.99 $0.00 $20.56 $4,051.92
11 $4,051.92 $394.99 $0.00 $22.91 $4,469.82
12 $4,469.82 $394.99 $0.00 $25.27 $4,890.08
13 $4,890.08 $394.99 $0.00 $27.65 $5,312.72
14 $5,312.72 $394.99 $0.00 $30.04 $5,737.75
15 $5,737.75 $394.99 $0.00 $32.44 $6,165.18
16 $6,165.18 $394.99 $0.00 $34.86 $6,595.03
17 $6,595.03 $394.99 $0.00 $37.29 $7,027.31
18 $7,027.31 $394.99 $0.00 $39.73 $7,462.03
19 $7,462.03 $394.99 $0.00 $42.19 $7,899.21
20 $7,899.21 $394.99 $0.00 $44.66 $8,338.86
21 $8,338.86 $394.99 $0.00 $47.15 $8,781.00
22 $8,781.00 $394.99 $0.00 $49.65 $9,225.64
23 $9,225.64 $394.99 $0.00 $52.16 $9,672.79
24 $9,672.79 $394.99 $0.00 $54.69 $10,122.47
25 $10,122.47 $394.99 $0.00 $57.23 $10,574.69
26 $10,574.69 $394.99 $0.00 $59.79 $11,029.47
27 $11,029.47 $394.99 $0.00 $62.36 $11,486.82
28 $11,486.82 $394.99 $0.00 $64.95 $11,946.76
29 $11,946.76 $394.99 $0.00 $67.55 $12,409.30
30 $12,409.30 $394.99 $0.00 $70.16 $12,874.45
31 $12,874.45 $394.99 $0.00 $72.79 $13,342.23
32 $13,342.23 $394.99 $0.00 $75.44 $13,812.66
33 $13,812.66 $394.99 $0.00 $78.10 $14,285.75
34 $14,285.75 $394.99 $0.00 $80.77 $14,761.51
35 $14,761.51 $394.99 $0.00 $83.46 $15,239.96
36 $15,239.96 $394.99 $0.00 $86.17 $15,721.12
37 $15,721.12 $394.99 $0.00 $88.89 $16,205.00
38 $16,205.00 $394.99 $0.00 $91.63 $16,691.62
39 $16,691.62 $394.99 $0.00 $94.38 $17,180.99
40 $17,180.99 $394.99 $0.00 $97.14 $17,673.12
41 $17,673.12 $394.99 $0.00 $99.93 $18,168.04
42 $18,168.04 $394.99 $0.00 $102.72 $18,665.75
43 $18,665.75 $394.99 $0.00 $105.54 $19,166.28
44 $19,166.28 $394.99 $0.00 $108.37 $19,669.64
45 $19,669.64 $394.99 $0.00 $111.22 $20,175.85
46 $20,175.85 $394.99 $0.00 $114.08 $20,684.92
47 $20,684.92 $394.99 $0.00 $116.96 $21,196.87
48 $21,196.87 $394.99 $0.00 $119.85 $21,711.71
49 $21,711.71 $394.99 $0.00 $122.76 $22,229.46
50 $22,229.46 $394.99 $0.00 $125.69 $22,750.14
51 $22,750.14 $394.99 $0.00 $128.63 $23,273.76
52 $23,273.76 $394.99 $0.00 $131.59 $23,800.34
53 $23,800.34 $394.99 $0.00 $134.57 $24,329.90
54 $24,329.90 $394.99 $0.00 $137.56 $24,862.45
55 $24,862.45 $394.99 $0.00 $140.58 $25,398.02
56 $25,398.02 $394.99 $0.00 $143.60 $25,936.61
57 $25,936.61 $394.99 $0.00 $146.65 $26,478.25
58 $26,478.25 $394.99 $0.00 $149.71 $27,022.95
59 $27,022.95 $394.99 $0.00 $152.79 $27,570.73
60 $27,570.73 $394.99 $0.00 $155.89 $28,121.61
61 $28,121.61 $394.99 $0.00 $159.00 $28,675.60
62 $28,675.60 $394.99 $0.00 $162.14 $29,232.73
63 $29,232.73 $394.99 $0.00 $165.29 $29,793.01
64 $29,793.01 $394.99 $0.00 $168.45 $30,356.45
65 $30,356.45 $394.99 $0.00 $171.64 $30,923.08
66 $30,923.08 $394.99 $0.00 $174.84 $31,492.91
67 $31,492.91 $394.99 $0.00 $178.07 $32,065.97
68 $32,065.97 $394.99 $0.00 $181.31 $32,642.27
69 $32,642.27 $394.99 $0.00 $184.56 $33,221.82
70 $33,221.82 $394.99 $0.00 $187.84 $33,804.65
71 $33,804.65 $394.99 $0.00 $191.14 $34,390.78
72 $34,390.78 $394.99 $0.00 $194.45 $34,980.22
73 $34,980.22 $394.99 $0.00 $197.78 $35,572.99
74 $35,572.99 $394.99 $0.00 $201.13 $36,169.11
75 $36,169.11 $394.99 $0.00 $204.51 $36,768.61
76 $36,768.61 $394.99 $0.00 $207.90 $37,371.50
77 $37,371.50 $394.99 $0.00 $211.30 $37,977.79
78 $37,977.79 $394.99 $0.00 $214.73 $38,587.51
79 $38,587.51 $394.99 $0.00 $218.18 $39,200.68
80 $39,200.68 $394.99 $0.00 $221.65 $39,817.32
81 $39,817.32 $394.99 $0.00 $225.13 $40,437.44
82 $40,437.44 $394.99 $0.00 $228.64 $41,061.07
83 $41,061.07 $394.99 $0.00 $232.17 $41,688.23
84 $41,688.23 $394.99 $0.00 $235.71 $42,318.93
85 $42,318.93 $394.99 $0.00 $239.28 $42,953.20
86 $42,953.20 $394.99 $0.00 $242.86 $43,591.05
87 $43,591.05 $394.99 $0.00 $246.47 $44,232.51
88 $44,232.51 $394.99 $0.00 $250.10 $44,877.60
89 $44,877.60 $394.99 $0.00 $253.74 $45,526.33
90 $45,526.33 $394.99 $0.00 $257.41 $46,178.73
91 $46,178.73 $394.99 $0.00 $261.10 $46,834.82
92 $46,834.82 $394.99 $0.00 $264.81 $47,494.62
93 $47,494.62 $394.99 $0.00 $268.54 $48,158.15
94 $48,158.15 $394.99 $0.00 $272.29 $48,825.43
95 $48,825.43 $394.99 $0.00 $276.07 $49,496.49
96 $49,496.49 $394.99 $0.00 $279.86 $50,171.34
97 $50,171.34 $394.99 $0.00 $283.68 $50,850.01
98 $50,850.01 $394.99 $0.00 $287.51 $51,532.51
99 $51,532.51 $394.99 $0.00 $291.37 $52,218.87
100 $52,218.87 $394.99 $0.00 $295.25 $52,909.11
101 $52,909.11 $394.99 $0.00 $299.16 $53,603.26
102 $53,603.26 $394.99 $0.00 $303.08 $54,301.33
103 $54,301.33 $394.99 $0.00 $307.03 $55,003.35
104 $55,003.35 $394.99 $0.00 $311.00 $55,709.34
105 $55,709.34 $394.99 $0.00 $314.99 $56,419.32
106 $56,419.32 $394.99 $0.00 $319.00 $57,133.31
107 $57,133.31 $394.99 $0.00 $323.04 $57,851.34
108 $57,851.34 $394.99 $0.00 $327.10 $58,573.43
109 $58,573.43 $394.99 $0.00 $331.18 $59,299.60
110 $59,299.60 $394.99 $0.00 $335.29 $60,029.88
111 $60,029.88 $394.99 $0.00 $339.42 $60,764.29
112 $60,764.29 $394.99 $0.00 $343.57 $61,502.85
113 $61,502.85 $394.99 $0.00 $347.75 $62,245.59
114 $62,245.59 $394.99 $0.00 $351.95 $62,992.53
115 $62,992.53 $394.99 $0.00 $356.17 $63,743.69
116 $63,743.69 $394.99 $0.00 $360.42 $64,499.10
117 $64,499.10 $394.99 $0.00 $364.69 $65,258.78
118 $65,258.78 $394.99 $0.00 $368.98 $66,022.75
119 $66,022.75 $394.99 $0.00 $373.30 $66,791.04
120 $66,791.04 $394.99 $0.00 $377.65 $67,563.68
121 $67,563.68 $394.99 $0.00 $382.01 $68,340.68
122 $68,340.68 $394.99 $0.00 $386.41 $69,122.08
123 $69,122.08 $394.99 $0.00 $390.83 $69,907.90
124 $69,907.90 $394.99 $0.00 $395.27 $70,698.16
125 $70,698.16 $394.99 $0.00 $399.74 $71,492.89
126 $71,492.89 $394.99 $0.00 $404.23 $72,292.11
127 $72,292.11 $394.99 $0.00 $408.75 $73,095.85
128 $73,095.85 $394.99 $0.00 $413.29 $73,904.13
129 $73,904.13 $394.99 $0.00 $417.86 $74,716.98
130 $74,716.98 $394.99 $0.00 $422.46 $75,534.43
131 $75,534.43 $394.99 $0.00 $427.08 $76,356.50
132 $76,356.50 $394.99 $0.00 $431.73 $77,183.22
133 $77,183.22 $394.99 $0.00 $436.41 $78,014.62
134 $78,014.62 $394.99 $0.00 $441.11 $78,850.72
135 $78,850.72 $394.99 $0.00 $445.83 $79,691.54
136 $79,691.54 $394.99 $0.00 $450.59 $80,537.12
137 $80,537.12 $394.99 $0.00 $455.37 $81,387.48
138 $81,387.48 $394.99 $0.00 $460.18 $82,242.65
139 $82,242.65 $394.99 $0.00 $465.01 $83,102.65
140 $83,102.65 $394.99 $0.00 $469.87 $83,967.51
141 $83,967.51 $394.99 $0.00 $474.76 $84,837.26
142 $84,837.26 $394.99 $0.00 $479.68 $85,711.93
143 $85,711.93 $394.99 $0.00 $484.63 $86,591.55
144 $86,591.55 $394.99 $0.00 $489.60 $87,476.14
145 $87,476.14 $394.99 $0.00 $494.60 $88,365.73
146 $88,365.73 $394.99 $0.00 $499.63 $89,260.35
147 $89,260.35 $394.99 $0.00 $504.69 $90,160.03
148 $90,160.03 $394.99 $0.00 $509.78 $91,064.80
149 $91,064.80 $394.99 $0.00 $514.89 $91,974.68
150 $91,974.68 $394.99 $0.00 $520.04 $92,889.71
151 $92,889.71 $394.99 $0.00 $525.21 $93,809.91
152 $93,809.91 $394.99 $0.00 $530.41 $94,735.31
153 $94,735.31 $394.99 $0.00 $535.65 $95,665.95
154 $95,665.95 $394.99 $0.00 $540.91 $96,601.85
155 $96,601.85 $394.99 $0.00 $546.20 $97,543.04
156 $97,543.04 $394.99 $0.00 $551.52 $98,489.55
157 $98,489.55 $394.99 $0.00 $556.87 $99,441.41
158 $99,441.41 $394.99 $0.00 $562.26 $100,398.66
159 $100,398.66 $394.99 $0.00 $567.67 $101,361.32
160 $101,361.32 $394.99 $0.00 $573.11 $102,329.42
161 $102,329.42 $394.99 $0.00 $578.59 $103,303.00
162 $103,303.00 $394.99 $0.00 $584.09 $104,282.08
163 $104,282.08 $394.99 $0.00 $589.63 $105,266.70
164 $105,266.70 $394.99 $0.00 $595.19 $106,256.88
165 $106,256.88 $394.99 $0.00 $600.79 $107,252.66
166 $107,252.66 $394.99 $0.00 $606.42 $108,254.07
167 $108,254.07 $394.99 $0.00 $612.08 $109,261.14
168 $109,261.14 $394.99 $0.00 $617.78 $110,273.91
169 $110,273.91 $394.99 $0.00 $623.50 $111,292.40
170 $111,292.40 $394.99 $0.00 $629.26 $112,316.65
171 $112,316.65 $394.99 $0.00 $635.05 $113,346.69
172 $113,346.69 $394.99 $0.00 $640.88 $114,382.56
173 $114,382.56 $394.99 $0.00 $646.74 $115,424.29
174 $115,424.29 $394.99 $0.00 $652.63 $116,471.91
175 $116,471.91 $394.99 $0.00 $658.55 $117,525.45
176 $117,525.45 $394.99 $0.00 $664.51 $118,584.95
177 $118,584.95 $394.99 $0.00 $670.50 $119,650.44
178 $119,650.44 $394.99 $0.00 $676.52 $120,721.95
179 $120,721.95 $394.99 $0.00 $682.58 $121,799.52
180 $121,799.52 $394.99 $0.00 $688.67 $122,883.18
181 $122,883.18 $394.99 $0.00 $694.80 $123,972.97
182 $123,972.97 $394.99 $0.00 $700.96 $125,068.92
183 $125,068.92 $394.99 $0.00 $707.16 $126,171.07
184 $126,171.07 $394.99 $0.00 $713.39 $127,279.45
185 $127,279.45 $394.99 $0.00 $719.66 $128,394.10
186 $128,394.10 $394.99 $0.00 $725.96 $129,515.05
187 $129,515.05 $394.99 $0.00 $732.30 $130,642.34
188 $130,642.34 $394.99 $0.00 $738.67 $131,776.00
189 $131,776.00 $394.99 $0.00 $745.08 $132,916.07
190 $132,916.07 $394.99 $0.00 $751.53 $134,062.59
191 $134,062.59 $394.99 $0.00 $758.01 $135,215.59
192 $135,215.59 $394.99 $0.00 $764.53 $136,375.11
193 $136,375.11 $394.99 $0.00 $771.08 $137,541.18
194 $137,541.18 $394.99 $0.00 $777.68 $138,713.85
195 $138,713.85 $394.99 $0.00 $784.31 $139,893.15
196 $139,893.15 $394.99 $0.00 $790.98 $141,079.12
197 $141,079.12 $394.99 $0.00 $797.68 $142,271.79
198 $142,271.79 $394.99 $0.00 $804.43 $143,471.21
199 $143,471.21 $394.99 $0.00 $811.21 $144,677.41
200 $144,677.41 $394.99 $0.00 $818.03 $145,890.43
201 $145,890.43 $394.99 $0.00 $824.89 $147,110.31
202 $147,110.31 $394.99 $0.00 $831.78 $148,337.08
203 $148,337.08 $394.99 $0.00 $838.72 $149,570.79
204 $149,570.79 $394.99 $0.00 $845.69 $150,811.47
205 $150,811.47 $394.99 $0.00 $852.71 $152,059.17
206 $152,059.17 $394.99 $0.00 $859.76 $153,313.92
207 $153,313.92 $394.99 $0.00 $866.86 $154,575.77
208 $154,575.77 $394.99 $0.00 $873.99 $155,844.75
209 $155,844.75 $394.99 $0.00 $881.17 $157,120.91
210 $157,120.91 $394.99 $0.00 $888.38 $158,404.28
211 $158,404.28 $394.99 $0.00 $895.64 $159,694.91
212 $159,694.91 $394.99 $0.00 $902.94 $160,992.84
213 $160,992.84 $394.99 $0.00 $910.28 $162,298.11
214 $162,298.11 $394.99 $0.00 $917.66 $163,610.76
215 $163,610.76 $394.99 $0.00 $925.08 $164,930.83
216 $164,930.83 $394.99 $0.00 $932.54 $166,258.36
217 $166,258.36 $394.99 $46,308.17 $940.05 $121,285.23
218 $121,285.23 $394.99 $0.00 $685.76 $122,365.98
219 $122,365.98 $394.99 $0.00 $691.88 $123,452.85
220 $123,452.85 $394.99 $0.00 $698.02 $124,545.86
221 $124,545.86 $394.99 $0.00 $704.20 $125,645.05
222 $125,645.05 $394.99 $0.00 $710.42 $126,750.46
223 $126,750.46 $394.99 $0.00 $716.67 $127,862.12
224 $127,862.12 $394.99 $0.00 $722.95 $128,980.06
225 $128,980.06 $394.99 $0.00 $729.27 $130,104.32
226 $130,104.32 $394.99 $0.00 $735.63 $131,234.94
227 $131,234.94 $394.99 $0.00 $742.02 $132,371.95
228 $132,371.95 $394.99 $0.00 $748.45 $133,515.39
229 $133,515.39 $394.99 $48,623.58 $754.92 $86,041.72
230 $86,041.72 $394.99 $0.00 $486.49 $86,923.20
231 $86,923.20 $394.99 $0.00 $491.48 $87,809.67
232 $87,809.67 $394.99 $0.00 $496.49 $88,701.15
233 $88,701.15 $394.99 $0.00 $501.53 $89,597.67
234 $89,597.67 $394.99 $0.00 $506.60 $90,499.26
235 $90,499.26 $394.99 $0.00 $511.70 $91,405.95
236 $91,405.95 $394.99 $0.00 $516.82 $92,317.76
237 $92,317.76 $394.99 $0.00 $521.98 $93,234.73
238 $93,234.73 $394.99 $0.00 $527.16 $94,156.88
239 $94,156.88 $394.99 $0.00 $532.38 $95,084.25
240 $95,084.25 $394.99 $0.00 $537.62 $96,016.86
241 $96,016.86 $394.99 $51,054.75 $542.89 $45,899.99
242 $45,899.99 $394.99 $0.00 $259.53 $46,554.51
243 $46,554.51 $394.99 $0.00 $263.23 $47,212.73
244 $47,212.73 $394.99 $0.00 $266.95 $47,874.67
245 $47,874.67 $394.99 $0.00 $270.69 $48,540.35
246 $48,540.35 $394.99 $0.00 $274.45 $49,209.79
247 $49,209.79 $394.99 $0.00 $278.24 $49,883.02
248 $49,883.02 $394.99 $0.00 $282.05 $50,560.06
249 $50,560.06 $394.99 $0.00 $285.87 $51,240.92
250 $51,240.92 $394.99 $0.00 $289.72 $51,925.63
251 $51,925.63 $394.99 $0.00 $293.60 $52,614.22
252 $52,614.22 $394.99 $0.00 $297.49 $53,306.70
253 $53,306.70 $0.00 $53,607.49 $301.40 $0.61