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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$40,551
Monthly savings required$180

How much will it cost to send your child to Blue Ridge Community and Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $81,102.95 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $180.22 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$16,439.00
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 $180.22 $0.00 $0.00 $180.22
2 $180.22 $180.22 $0.00 $1.02 $361.46
3 $361.46 $180.22 $0.00 $2.04 $543.72
4 $543.72 $180.22 $0.00 $3.07 $727.01
5 $727.01 $180.22 $0.00 $4.11 $911.34
6 $911.34 $180.22 $0.00 $5.15 $1,096.71
7 $1,096.71 $180.22 $0.00 $6.20 $1,283.13
8 $1,283.13 $180.22 $0.00 $7.26 $1,470.61
9 $1,470.61 $180.22 $0.00 $8.32 $1,659.15
10 $1,659.15 $180.22 $0.00 $9.38 $1,848.75
11 $1,848.75 $180.22 $0.00 $10.45 $2,039.42
12 $2,039.42 $180.22 $0.00 $11.53 $2,231.17
13 $2,231.17 $180.22 $0.00 $12.62 $2,424.01
14 $2,424.01 $180.22 $0.00 $13.71 $2,617.94
15 $2,617.94 $180.22 $0.00 $14.80 $2,812.96
16 $2,812.96 $180.22 $0.00 $15.90 $3,009.08
17 $3,009.08 $180.22 $0.00 $17.01 $3,206.31
18 $3,206.31 $180.22 $0.00 $18.13 $3,404.66
19 $3,404.66 $180.22 $0.00 $19.25 $3,604.13
20 $3,604.13 $180.22 $0.00 $20.38 $3,804.73
21 $3,804.73 $180.22 $0.00 $21.51 $4,006.46
22 $4,006.46 $180.22 $0.00 $22.65 $4,209.33
23 $4,209.33 $180.22 $0.00 $23.80 $4,413.35
24 $4,413.35 $180.22 $0.00 $24.95 $4,618.52
25 $4,618.52 $180.22 $0.00 $26.11 $4,824.85
26 $4,824.85 $180.22 $0.00 $27.28 $5,032.35
27 $5,032.35 $180.22 $0.00 $28.45 $5,241.02
28 $5,241.02 $180.22 $0.00 $29.63 $5,450.87
29 $5,450.87 $180.22 $0.00 $30.82 $5,661.91
30 $5,661.91 $180.22 $0.00 $32.01 $5,874.14
31 $5,874.14 $180.22 $0.00 $33.21 $6,087.57
32 $6,087.57 $180.22 $0.00 $34.42 $6,302.21
33 $6,302.21 $180.22 $0.00 $35.63 $6,518.06
34 $6,518.06 $180.22 $0.00 $36.85 $6,735.13
35 $6,735.13 $180.22 $0.00 $38.08 $6,953.43
36 $6,953.43 $180.22 $0.00 $39.32 $7,172.97
37 $7,172.97 $180.22 $0.00 $40.56 $7,393.75
38 $7,393.75 $180.22 $0.00 $41.81 $7,615.78
39 $7,615.78 $180.22 $0.00 $43.06 $7,839.06
40 $7,839.06 $180.22 $0.00 $44.32 $8,063.60
41 $8,063.60 $180.22 $0.00 $45.59 $8,289.41
42 $8,289.41 $180.22 $0.00 $46.87 $8,516.50
43 $8,516.50 $180.22 $0.00 $48.15 $8,744.87
44 $8,744.87 $180.22 $0.00 $49.44 $8,974.53
45 $8,974.53 $180.22 $0.00 $50.74 $9,205.49
46 $9,205.49 $180.22 $0.00 $52.05 $9,437.76
47 $9,437.76 $180.22 $0.00 $53.36 $9,671.34
48 $9,671.34 $180.22 $0.00 $54.68 $9,906.24
49 $9,906.24 $180.22 $0.00 $56.01 $10,142.47
50 $10,142.47 $180.22 $0.00 $57.35 $10,380.04
51 $10,380.04 $180.22 $0.00 $58.69 $10,618.95
52 $10,618.95 $180.22 $0.00 $60.04 $10,859.21
53 $10,859.21 $180.22 $0.00 $61.40 $11,100.83
54 $11,100.83 $180.22 $0.00 $62.77 $11,343.82
55 $11,343.82 $180.22 $0.00 $64.14 $11,588.18
56 $11,588.18 $180.22 $0.00 $65.52 $11,833.92
57 $11,833.92 $180.22 $0.00 $66.91 $12,081.05
58 $12,081.05 $180.22 $0.00 $68.31 $12,329.58
59 $12,329.58 $180.22 $0.00 $69.71 $12,579.51
60 $12,579.51 $180.22 $0.00 $71.13 $12,830.86
61 $12,830.86 $180.22 $0.00 $72.55 $13,083.63
62 $13,083.63 $180.22 $0.00 $73.98 $13,337.83
63 $13,337.83 $180.22 $0.00 $75.41 $13,593.46
64 $13,593.46 $180.22 $0.00 $76.86 $13,850.54
65 $13,850.54 $180.22 $0.00 $78.31 $14,109.07
66 $14,109.07 $180.22 $0.00 $79.77 $14,369.06
67 $14,369.06 $180.22 $0.00 $81.24 $14,630.52
68 $14,630.52 $180.22 $0.00 $82.72 $14,893.46
69 $14,893.46 $180.22 $0.00 $84.21 $15,157.89
70 $15,157.89 $180.22 $0.00 $85.70 $15,423.81
71 $15,423.81 $180.22 $0.00 $87.21 $15,691.24
72 $15,691.24 $180.22 $0.00 $88.72 $15,960.18
73 $15,960.18 $180.22 $0.00 $90.24 $16,230.64
74 $16,230.64 $180.22 $0.00 $91.77 $16,502.63
75 $16,502.63 $180.22 $0.00 $93.31 $16,776.16
76 $16,776.16 $180.22 $0.00 $94.85 $17,051.23
77 $17,051.23 $180.22 $0.00 $96.41 $17,327.86
78 $17,327.86 $180.22 $0.00 $97.97 $17,606.05
79 $17,606.05 $180.22 $0.00 $99.55 $17,885.82
80 $17,885.82 $180.22 $0.00 $101.13 $18,167.17
81 $18,167.17 $180.22 $0.00 $102.72 $18,450.11
82 $18,450.11 $180.22 $0.00 $104.32 $18,734.65
83 $18,734.65 $180.22 $0.00 $105.93 $19,020.80
84 $19,020.80 $180.22 $0.00 $107.55 $19,308.57
85 $19,308.57 $180.22 $0.00 $109.17 $19,597.96
86 $19,597.96 $180.22 $0.00 $110.81 $19,888.99
87 $19,888.99 $180.22 $0.00 $112.46 $20,181.67
88 $20,181.67 $180.22 $0.00 $114.11 $20,476.00
89 $20,476.00 $180.22 $0.00 $115.77 $20,771.99
90 $20,771.99 $180.22 $0.00 $117.45 $21,069.66
91 $21,069.66 $180.22 $0.00 $119.13 $21,369.01
92 $21,369.01 $180.22 $0.00 $120.82 $21,670.05
93 $21,670.05 $180.22 $0.00 $122.53 $21,972.80
94 $21,972.80 $180.22 $0.00 $124.24 $22,277.26
95 $22,277.26 $180.22 $0.00 $125.96 $22,583.44
96 $22,583.44 $180.22 $0.00 $127.69 $22,891.35
97 $22,891.35 $180.22 $0.00 $129.43 $23,201.00
98 $23,201.00 $180.22 $0.00 $131.18 $23,512.40
99 $23,512.40 $180.22 $0.00 $132.94 $23,825.56
100 $23,825.56 $180.22 $0.00 $134.71 $24,140.49
101 $24,140.49 $180.22 $0.00 $136.49 $24,457.20
102 $24,457.20 $180.22 $0.00 $138.28 $24,775.70
103 $24,775.70 $180.22 $0.00 $140.09 $25,096.01
104 $25,096.01 $180.22 $0.00 $141.90 $25,418.13
105 $25,418.13 $180.22 $0.00 $143.72 $25,742.07
106 $25,742.07 $180.22 $0.00 $145.55 $26,067.84
107 $26,067.84 $180.22 $0.00 $147.39 $26,395.45
108 $26,395.45 $180.22 $0.00 $149.24 $26,724.91
109 $26,724.91 $180.22 $0.00 $151.11 $27,056.24
110 $27,056.24 $180.22 $0.00 $152.98 $27,389.44
111 $27,389.44 $180.22 $0.00 $154.86 $27,724.52
112 $27,724.52 $180.22 $0.00 $156.76 $28,061.50
113 $28,061.50 $180.22 $0.00 $158.66 $28,400.38
114 $28,400.38 $180.22 $0.00 $160.58 $28,741.18
115 $28,741.18 $180.22 $0.00 $162.51 $29,083.91
116 $29,083.91 $180.22 $0.00 $164.44 $29,428.57
117 $29,428.57 $180.22 $0.00 $166.39 $29,775.18
118 $29,775.18 $180.22 $0.00 $168.35 $30,123.75
119 $30,123.75 $180.22 $0.00 $170.32 $30,474.29
120 $30,474.29 $180.22 $0.00 $172.31 $30,826.82
121 $30,826.82 $180.22 $0.00 $174.30 $31,181.34
122 $31,181.34 $180.22 $0.00 $176.30 $31,537.86
123 $31,537.86 $180.22 $0.00 $178.32 $31,896.40
124 $31,896.40 $180.22 $0.00 $180.35 $32,256.97
125 $32,256.97 $180.22 $0.00 $182.39 $32,619.58
126 $32,619.58 $180.22 $0.00 $184.44 $32,984.24
127 $32,984.24 $180.22 $0.00 $186.50 $33,350.96
128 $33,350.96 $180.22 $0.00 $188.57 $33,719.75
129 $33,719.75 $180.22 $0.00 $190.66 $34,090.63
130 $34,090.63 $180.22 $0.00 $192.75 $34,463.60
131 $34,463.60 $180.22 $0.00 $194.86 $34,838.68
132 $34,838.68 $180.22 $0.00 $196.98 $35,215.88
133 $35,215.88 $180.22 $0.00 $199.12 $35,595.22
134 $35,595.22 $180.22 $0.00 $201.26 $35,976.70
135 $35,976.70 $180.22 $0.00 $203.42 $36,360.34
136 $36,360.34 $180.22 $0.00 $205.59 $36,746.15
137 $36,746.15 $180.22 $0.00 $207.77 $37,134.14
138 $37,134.14 $180.22 $0.00 $209.96 $37,524.32
139 $37,524.32 $180.22 $0.00 $212.17 $37,916.71
140 $37,916.71 $180.22 $0.00 $214.39 $38,311.32
141 $38,311.32 $180.22 $0.00 $216.62 $38,708.16
142 $38,708.16 $180.22 $0.00 $218.86 $39,107.24
143 $39,107.24 $180.22 $0.00 $221.12 $39,508.58
144 $39,508.58 $180.22 $0.00 $223.39 $39,912.19
145 $39,912.19 $180.22 $0.00 $225.67 $40,318.08
146 $40,318.08 $180.22 $0.00 $227.96 $40,726.26
147 $40,726.26 $180.22 $0.00 $230.27 $41,136.75
148 $41,136.75 $180.22 $0.00 $232.59 $41,549.56
149 $41,549.56 $180.22 $0.00 $234.93 $41,964.71
150 $41,964.71 $180.22 $0.00 $237.27 $42,382.20
151 $42,382.20 $180.22 $0.00 $239.64 $42,802.06
152 $42,802.06 $180.22 $0.00 $242.01 $43,224.29
153 $43,224.29 $180.22 $0.00 $244.40 $43,648.91
154 $43,648.91 $180.22 $0.00 $246.80 $44,075.93
155 $44,075.93 $180.22 $0.00 $249.21 $44,505.36
156 $44,505.36 $180.22 $0.00 $251.64 $44,937.22
157 $44,937.22 $180.22 $0.00 $254.08 $45,371.52
158 $45,371.52 $180.22 $0.00 $256.54 $45,808.28
159 $45,808.28 $180.22 $0.00 $259.01 $46,247.51
160 $46,247.51 $180.22 $0.00 $261.49 $46,689.22
161 $46,689.22 $180.22 $0.00 $263.99 $47,133.43
162 $47,133.43 $180.22 $0.00 $266.50 $47,580.15
163 $47,580.15 $180.22 $0.00 $269.03 $48,029.40
164 $48,029.40 $180.22 $0.00 $271.57 $48,481.19
165 $48,481.19 $180.22 $0.00 $274.12 $48,935.53
166 $48,935.53 $180.22 $0.00 $276.69 $49,392.44
167 $49,392.44 $180.22 $0.00 $279.27 $49,851.93
168 $49,851.93 $180.22 $0.00 $281.87 $50,314.02
169 $50,314.02 $180.22 $0.00 $284.48 $50,778.72
170 $50,778.72 $180.22 $0.00 $287.11 $51,246.05
171 $51,246.05 $180.22 $0.00 $289.75 $51,716.02
172 $51,716.02 $180.22 $0.00 $292.41 $52,188.65
173 $52,188.65 $180.22 $0.00 $295.08 $52,663.95
174 $52,663.95 $180.22 $0.00 $297.77 $53,141.94
175 $53,141.94 $180.22 $0.00 $300.47 $53,622.63
176 $53,622.63 $180.22 $0.00 $303.19 $54,106.04
177 $54,106.04 $180.22 $0.00 $305.92 $54,592.18
178 $54,592.18 $180.22 $0.00 $308.67 $55,081.07
179 $55,081.07 $180.22 $0.00 $311.44 $55,572.73
180 $55,572.73 $180.22 $0.00 $314.22 $56,067.17
181 $56,067.17 $180.22 $0.00 $317.01 $56,564.40
182 $56,564.40 $180.22 $0.00 $319.82 $57,064.44
183 $57,064.44 $180.22 $0.00 $322.65 $57,567.31
184 $57,567.31 $180.22 $0.00 $325.49 $58,073.02
185 $58,073.02 $180.22 $0.00 $328.35 $58,581.59
186 $58,581.59 $180.22 $0.00 $331.23 $59,093.04
187 $59,093.04 $180.22 $0.00 $334.12 $59,607.38
188 $59,607.38 $180.22 $0.00 $337.03 $60,124.63
189 $60,124.63 $180.22 $0.00 $339.95 $60,644.80
190 $60,644.80 $180.22 $0.00 $342.89 $61,167.91
191 $61,167.91 $180.22 $0.00 $345.85 $61,693.98
192 $61,693.98 $180.22 $0.00 $348.83 $62,223.03
193 $62,223.03 $180.22 $0.00 $351.82 $62,755.07
194 $62,755.07 $180.22 $0.00 $354.83 $63,290.12
195 $63,290.12 $180.22 $0.00 $357.85 $63,828.19
196 $63,828.19 $180.22 $0.00 $360.89 $64,369.30
197 $64,369.30 $180.22 $0.00 $363.95 $64,913.47
198 $64,913.47 $180.22 $0.00 $367.03 $65,460.72
199 $65,460.72 $180.22 $0.00 $370.12 $66,011.06
200 $66,011.06 $180.22 $0.00 $373.24 $66,564.52
201 $66,564.52 $180.22 $0.00 $376.37 $67,121.11
202 $67,121.11 $180.22 $0.00 $379.51 $67,680.84
203 $67,680.84 $180.22 $0.00 $382.68 $68,243.74
204 $68,243.74 $180.22 $0.00 $385.86 $68,809.82
205 $68,809.82 $180.22 $0.00 $389.06 $69,379.10
206 $69,379.10 $180.22 $0.00 $392.28 $69,951.60
207 $69,951.60 $180.22 $0.00 $395.52 $70,527.34
208 $70,527.34 $180.22 $0.00 $398.77 $71,106.33
209 $71,106.33 $180.22 $0.00 $402.05 $71,688.60
210 $71,688.60 $180.22 $0.00 $405.34 $72,274.16
211 $72,274.16 $180.22 $0.00 $408.65 $72,863.03
212 $72,863.03 $180.22 $0.00 $411.98 $73,455.23
213 $73,455.23 $180.22 $0.00 $415.33 $74,050.78
214 $74,050.78 $180.22 $0.00 $418.69 $74,649.69
215 $74,649.69 $180.22 $0.00 $422.08 $75,251.99
216 $75,251.99 $180.22 $0.00 $425.49 $75,857.70
217 $75,857.70 $180.22 $39,562.41 $428.91 $36,904.42
218 $36,904.42 $180.22 $0.00 $208.66 $37,293.30
219 $37,293.30 $180.22 $0.00 $210.86 $37,684.38
220 $37,684.38 $180.22 $0.00 $213.07 $38,077.67
221 $38,077.67 $180.22 $0.00 $215.30 $38,473.19
222 $38,473.19 $180.22 $0.00 $217.53 $38,870.94
223 $38,870.94 $180.22 $0.00 $219.78 $39,270.94
224 $39,270.94 $180.22 $0.00 $222.04 $39,673.20
225 $39,673.20 $180.22 $0.00 $224.32 $40,077.74
226 $40,077.74 $180.22 $0.00 $226.61 $40,484.57
227 $40,484.57 $180.22 $0.00 $228.91 $40,893.70
228 $40,893.70 $180.22 $0.00 $231.22 $41,305.14
229 $41,305.14 $0.00 $41,540.53 $233.55 ($1.84)