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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$44,989
Monthly savings required$200

How much will it cost to send your child to Milwaukee Area Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $89,978.44 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $199.95 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$18,238.00
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 $199.95 $0.00 $0.00 $199.95
2 $199.95 $199.95 $0.00 $1.13 $401.03
3 $401.03 $199.95 $0.00 $2.27 $603.25
4 $603.25 $199.95 $0.00 $3.41 $806.61
5 $806.61 $199.95 $0.00 $4.56 $1,011.12
6 $1,011.12 $199.95 $0.00 $5.72 $1,216.79
7 $1,216.79 $199.95 $0.00 $6.88 $1,423.62
8 $1,423.62 $199.95 $0.00 $8.05 $1,631.62
9 $1,631.62 $199.95 $0.00 $9.23 $1,840.80
10 $1,840.80 $199.95 $0.00 $10.41 $2,051.16
11 $2,051.16 $199.95 $0.00 $11.60 $2,262.71
12 $2,262.71 $199.95 $0.00 $12.79 $2,475.45
13 $2,475.45 $199.95 $0.00 $14.00 $2,689.40
14 $2,689.40 $199.95 $0.00 $15.21 $2,904.56
15 $2,904.56 $199.95 $0.00 $16.42 $3,120.93
16 $3,120.93 $199.95 $0.00 $17.65 $3,338.53
17 $3,338.53 $199.95 $0.00 $18.88 $3,557.36
18 $3,557.36 $199.95 $0.00 $20.11 $3,777.42
19 $3,777.42 $199.95 $0.00 $21.36 $3,998.73
20 $3,998.73 $199.95 $0.00 $22.61 $4,221.29
21 $4,221.29 $199.95 $0.00 $23.87 $4,445.11
22 $4,445.11 $199.95 $0.00 $25.13 $4,670.19
23 $4,670.19 $199.95 $0.00 $26.41 $4,896.55
24 $4,896.55 $199.95 $0.00 $27.69 $5,124.19
25 $5,124.19 $199.95 $0.00 $28.97 $5,353.11
26 $5,353.11 $199.95 $0.00 $30.27 $5,583.33
27 $5,583.33 $199.95 $0.00 $31.57 $5,814.85
28 $5,814.85 $199.95 $0.00 $32.88 $6,047.68
29 $6,047.68 $199.95 $0.00 $34.19 $6,281.82
30 $6,281.82 $199.95 $0.00 $35.52 $6,517.29
31 $6,517.29 $199.95 $0.00 $36.85 $6,754.09
32 $6,754.09 $199.95 $0.00 $38.19 $6,992.23
33 $6,992.23 $199.95 $0.00 $39.54 $7,231.72
34 $7,231.72 $199.95 $0.00 $40.89 $7,472.56
35 $7,472.56 $199.95 $0.00 $42.25 $7,714.76
36 $7,714.76 $199.95 $0.00 $43.62 $7,958.33
37 $7,958.33 $199.95 $0.00 $45.00 $8,203.28
38 $8,203.28 $199.95 $0.00 $46.38 $8,449.61
39 $8,449.61 $199.95 $0.00 $47.78 $8,697.34
40 $8,697.34 $199.95 $0.00 $49.18 $8,946.47
41 $8,946.47 $199.95 $0.00 $50.58 $9,197.00
42 $9,197.00 $199.95 $0.00 $52.00 $9,448.95
43 $9,448.95 $199.95 $0.00 $53.43 $9,702.33
44 $9,702.33 $199.95 $0.00 $54.86 $9,957.14
45 $9,957.14 $199.95 $0.00 $56.30 $10,213.39
46 $10,213.39 $199.95 $0.00 $57.75 $10,471.09
47 $10,471.09 $199.95 $0.00 $59.21 $10,730.25
48 $10,730.25 $199.95 $0.00 $60.67 $10,990.87
49 $10,990.87 $199.95 $0.00 $62.14 $11,252.96
50 $11,252.96 $199.95 $0.00 $63.63 $11,516.54
51 $11,516.54 $199.95 $0.00 $65.12 $11,781.61
52 $11,781.61 $199.95 $0.00 $66.61 $12,048.17
53 $12,048.17 $199.95 $0.00 $68.12 $12,316.24
54 $12,316.24 $199.95 $0.00 $69.64 $12,585.83
55 $12,585.83 $199.95 $0.00 $71.16 $12,856.94
56 $12,856.94 $199.95 $0.00 $72.70 $13,129.59
57 $13,129.59 $199.95 $0.00 $74.24 $13,403.78
58 $13,403.78 $199.95 $0.00 $75.79 $13,679.52
59 $13,679.52 $199.95 $0.00 $77.35 $13,956.82
60 $13,956.82 $199.95 $0.00 $78.91 $14,235.68
61 $14,235.68 $199.95 $0.00 $80.49 $14,516.12
62 $14,516.12 $199.95 $0.00 $82.08 $14,798.15
63 $14,798.15 $199.95 $0.00 $83.67 $15,081.77
64 $15,081.77 $199.95 $0.00 $85.27 $15,366.99
65 $15,366.99 $199.95 $0.00 $86.89 $15,653.83
66 $15,653.83 $199.95 $0.00 $88.51 $15,942.29
67 $15,942.29 $199.95 $0.00 $90.14 $16,232.38
68 $16,232.38 $199.95 $0.00 $91.78 $16,524.11
69 $16,524.11 $199.95 $0.00 $93.43 $16,817.49
70 $16,817.49 $199.95 $0.00 $95.09 $17,112.53
71 $17,112.53 $199.95 $0.00 $96.76 $17,409.24
72 $17,409.24 $199.95 $0.00 $98.43 $17,707.62
73 $17,707.62 $199.95 $0.00 $100.12 $18,007.69
74 $18,007.69 $199.95 $0.00 $101.82 $18,309.46
75 $18,309.46 $199.95 $0.00 $103.52 $18,612.93
76 $18,612.93 $199.95 $0.00 $105.24 $18,918.12
77 $18,918.12 $199.95 $0.00 $106.97 $19,225.04
78 $19,225.04 $199.95 $0.00 $108.70 $19,533.69
79 $19,533.69 $199.95 $0.00 $110.45 $19,844.09
80 $19,844.09 $199.95 $0.00 $112.20 $20,156.24
81 $20,156.24 $199.95 $0.00 $113.97 $20,470.16
82 $20,470.16 $199.95 $0.00 $115.74 $20,785.85
83 $20,785.85 $199.95 $0.00 $117.53 $21,103.33
84 $21,103.33 $199.95 $0.00 $119.32 $21,422.60
85 $21,422.60 $199.95 $0.00 $121.13 $21,743.68
86 $21,743.68 $199.95 $0.00 $122.94 $22,066.57
87 $22,066.57 $199.95 $0.00 $124.77 $22,391.29
88 $22,391.29 $199.95 $0.00 $126.60 $22,717.84
89 $22,717.84 $199.95 $0.00 $128.45 $23,046.24
90 $23,046.24 $199.95 $0.00 $130.31 $23,376.50
91 $23,376.50 $199.95 $0.00 $132.17 $23,708.62
92 $23,708.62 $199.95 $0.00 $134.05 $24,042.62
93 $24,042.62 $199.95 $0.00 $135.94 $24,378.51
94 $24,378.51 $199.95 $0.00 $137.84 $24,716.30
95 $24,716.30 $199.95 $0.00 $139.75 $25,056.00
96 $25,056.00 $199.95 $0.00 $141.67 $25,397.62
97 $25,397.62 $199.95 $0.00 $143.60 $25,741.17
98 $25,741.17 $199.95 $0.00 $145.54 $26,086.66
99 $26,086.66 $199.95 $0.00 $147.50 $26,434.11
100 $26,434.11 $199.95 $0.00 $149.46 $26,783.52
101 $26,783.52 $199.95 $0.00 $151.44 $27,134.91
102 $27,134.91 $199.95 $0.00 $153.42 $27,488.28
103 $27,488.28 $199.95 $0.00 $155.42 $27,843.65
104 $27,843.65 $199.95 $0.00 $157.43 $28,201.03
105 $28,201.03 $199.95 $0.00 $159.45 $28,560.43
106 $28,560.43 $199.95 $0.00 $161.48 $28,921.86
107 $28,921.86 $199.95 $0.00 $163.53 $29,285.34
108 $29,285.34 $199.95 $0.00 $165.58 $29,650.87
109 $29,650.87 $199.95 $0.00 $167.65 $30,018.47
110 $30,018.47 $199.95 $0.00 $169.73 $30,388.15
111 $30,388.15 $199.95 $0.00 $171.82 $30,759.92
112 $30,759.92 $199.95 $0.00 $173.92 $31,133.79
113 $31,133.79 $199.95 $0.00 $176.03 $31,509.77
114 $31,509.77 $199.95 $0.00 $178.16 $31,887.88
115 $31,887.88 $199.95 $0.00 $180.30 $32,268.13
116 $32,268.13 $199.95 $0.00 $182.45 $32,650.53
117 $32,650.53 $199.95 $0.00 $184.61 $33,035.09
118 $33,035.09 $199.95 $0.00 $186.79 $33,421.83
119 $33,421.83 $199.95 $0.00 $188.97 $33,810.75
120 $33,810.75 $199.95 $0.00 $191.17 $34,201.87
121 $34,201.87 $199.95 $0.00 $193.38 $34,595.20
122 $34,595.20 $199.95 $0.00 $195.61 $34,990.76
123 $34,990.76 $199.95 $0.00 $197.84 $35,388.55
124 $35,388.55 $199.95 $0.00 $200.09 $35,788.59
125 $35,788.59 $199.95 $0.00 $202.35 $36,190.89
126 $36,190.89 $199.95 $0.00 $204.63 $36,595.47
127 $36,595.47 $199.95 $0.00 $206.92 $37,002.34
128 $37,002.34 $199.95 $0.00 $209.22 $37,411.51
129 $37,411.51 $199.95 $0.00 $211.53 $37,822.99
130 $37,822.99 $199.95 $0.00 $213.86 $38,236.80
131 $38,236.80 $199.95 $0.00 $216.20 $38,652.95
132 $38,652.95 $199.95 $0.00 $218.55 $39,071.45
133 $39,071.45 $199.95 $0.00 $220.92 $39,492.32
134 $39,492.32 $199.95 $0.00 $223.30 $39,915.57
135 $39,915.57 $199.95 $0.00 $225.69 $40,341.21
136 $40,341.21 $199.95 $0.00 $228.10 $40,769.26
137 $40,769.26 $199.95 $0.00 $230.52 $41,199.73
138 $41,199.73 $199.95 $0.00 $232.95 $41,632.63
139 $41,632.63 $199.95 $0.00 $235.40 $42,067.98
140 $42,067.98 $199.95 $0.00 $237.86 $42,505.79
141 $42,505.79 $199.95 $0.00 $240.33 $42,946.07
142 $42,946.07 $199.95 $0.00 $242.82 $43,388.84
143 $43,388.84 $199.95 $0.00 $245.33 $43,834.12
144 $43,834.12 $199.95 $0.00 $247.84 $44,281.91
145 $44,281.91 $199.95 $0.00 $250.38 $44,732.24
146 $44,732.24 $199.95 $0.00 $252.92 $45,185.11
147 $45,185.11 $199.95 $0.00 $255.48 $45,640.54
148 $45,640.54 $199.95 $0.00 $258.06 $46,098.55
149 $46,098.55 $199.95 $0.00 $260.65 $46,559.15
150 $46,559.15 $199.95 $0.00 $263.25 $47,022.35
151 $47,022.35 $199.95 $0.00 $265.87 $47,488.17
152 $47,488.17 $199.95 $0.00 $268.51 $47,956.63
153 $47,956.63 $199.95 $0.00 $271.15 $48,427.73
154 $48,427.73 $199.95 $0.00 $273.82 $48,901.50
155 $48,901.50 $199.95 $0.00 $276.50 $49,377.95
156 $49,377.95 $199.95 $0.00 $279.19 $49,857.09
157 $49,857.09 $199.95 $0.00 $281.90 $50,338.94
158 $50,338.94 $199.95 $0.00 $284.62 $50,823.51
159 $50,823.51 $199.95 $0.00 $287.36 $51,310.82
160 $51,310.82 $199.95 $0.00 $290.12 $51,800.89
161 $51,800.89 $199.95 $0.00 $292.89 $52,293.73
162 $52,293.73 $199.95 $0.00 $295.68 $52,789.36
163 $52,789.36 $199.95 $0.00 $298.48 $53,287.79
164 $53,287.79 $199.95 $0.00 $301.30 $53,789.04
165 $53,789.04 $199.95 $0.00 $304.13 $54,293.12
166 $54,293.12 $199.95 $0.00 $306.98 $54,800.05
167 $54,800.05 $199.95 $0.00 $309.85 $55,309.85
168 $55,309.85 $199.95 $0.00 $312.73 $55,822.53
169 $55,822.53 $199.95 $0.00 $315.63 $56,338.11
170 $56,338.11 $199.95 $0.00 $318.54 $56,856.60
171 $56,856.60 $199.95 $0.00 $321.48 $57,378.03
172 $57,378.03 $199.95 $0.00 $324.42 $57,902.40
173 $57,902.40 $199.95 $0.00 $327.39 $58,429.74
174 $58,429.74 $199.95 $0.00 $330.37 $58,960.06
175 $58,960.06 $199.95 $0.00 $333.37 $59,493.38
176 $59,493.38 $199.95 $0.00 $336.38 $60,029.71
177 $60,029.71 $199.95 $0.00 $339.42 $60,569.08
178 $60,569.08 $199.95 $0.00 $342.47 $61,111.50
179 $61,111.50 $199.95 $0.00 $345.53 $61,656.98
180 $61,656.98 $199.95 $0.00 $348.62 $62,205.55
181 $62,205.55 $199.95 $0.00 $351.72 $62,757.22
182 $62,757.22 $199.95 $0.00 $354.84 $63,312.01
183 $63,312.01 $199.95 $0.00 $357.98 $63,869.94
184 $63,869.94 $199.95 $0.00 $361.13 $64,431.02
185 $64,431.02 $199.95 $0.00 $364.30 $64,995.27
186 $64,995.27 $199.95 $0.00 $367.49 $65,562.71
187 $65,562.71 $199.95 $0.00 $370.70 $66,133.36
188 $66,133.36 $199.95 $0.00 $373.93 $66,707.24
189 $66,707.24 $199.95 $0.00 $377.17 $67,284.36
190 $67,284.36 $199.95 $0.00 $380.44 $67,864.75
191 $67,864.75 $199.95 $0.00 $383.72 $68,448.42
192 $68,448.42 $199.95 $0.00 $387.02 $69,035.39
193 $69,035.39 $199.95 $0.00 $390.34 $69,625.68
194 $69,625.68 $199.95 $0.00 $393.67 $70,219.30
195 $70,219.30 $199.95 $0.00 $397.03 $70,816.28
196 $70,816.28 $199.95 $0.00 $400.41 $71,416.64
197 $71,416.64 $199.95 $0.00 $403.80 $72,020.39
198 $72,020.39 $199.95 $0.00 $407.21 $72,627.55
199 $72,627.55 $199.95 $0.00 $410.65 $73,238.15
200 $73,238.15 $199.95 $0.00 $414.10 $73,852.20
201 $73,852.20 $199.95 $0.00 $417.57 $74,469.72
202 $74,469.72 $199.95 $0.00 $421.06 $75,090.73
203 $75,090.73 $199.95 $0.00 $424.57 $75,715.25
204 $75,715.25 $199.95 $0.00 $428.11 $76,343.31
205 $76,343.31 $199.95 $0.00 $431.66 $76,974.92
206 $76,974.92 $199.95 $0.00 $435.23 $77,610.10
207 $77,610.10 $199.95 $0.00 $438.82 $78,248.87
208 $78,248.87 $199.95 $0.00 $442.43 $78,891.25
209 $78,891.25 $199.95 $0.00 $446.06 $79,537.26
210 $79,537.26 $199.95 $0.00 $449.72 $80,186.93
211 $80,186.93 $199.95 $0.00 $453.39 $80,840.27
212 $80,840.27 $199.95 $0.00 $457.08 $81,497.30
213 $81,497.30 $199.95 $0.00 $460.80 $82,158.05
214 $82,158.05 $199.95 $0.00 $464.53 $82,822.53
215 $82,822.53 $199.95 $0.00 $468.29 $83,490.77
216 $83,490.77 $199.95 $0.00 $472.07 $84,162.79
217 $84,162.79 $199.95 $43,891.92 $475.87 $40,946.69
218 $40,946.69 $199.95 $0.00 $231.52 $41,378.16
219 $41,378.16 $199.95 $0.00 $233.96 $41,812.07
220 $41,812.07 $199.95 $0.00 $236.41 $42,248.43
221 $42,248.43 $199.95 $0.00 $238.88 $42,687.26
222 $42,687.26 $199.95 $0.00 $241.36 $43,128.57
223 $43,128.57 $199.95 $0.00 $243.86 $43,572.38
224 $43,572.38 $199.95 $0.00 $246.36 $44,018.69
225 $44,018.69 $199.95 $0.00 $248.89 $44,467.53
226 $44,467.53 $199.95 $0.00 $251.43 $44,918.91
227 $44,918.91 $199.95 $0.00 $253.98 $45,372.84
228 $45,372.84 $199.95 $0.00 $256.54 $45,829.33
229 $45,829.33 $0.00 $46,086.52 $259.13 $1.94