Savings Plan and Future Cost Estimation for Moraine Park Technical College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$44,883
Monthly savings required$199

How much will it cost to send your child to Moraine Park Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $89,766.30 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $199.48 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$18,195.00
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 $199.48 $0.00 $0.00 $199.48
2 $199.48 $199.48 $0.00 $1.13 $400.09
3 $400.09 $199.48 $0.00 $2.26 $601.83
4 $601.83 $199.48 $0.00 $3.40 $804.71
5 $804.71 $199.48 $0.00 $4.55 $1,008.74
6 $1,008.74 $199.48 $0.00 $5.70 $1,213.92
7 $1,213.92 $199.48 $0.00 $6.86 $1,420.26
8 $1,420.26 $199.48 $0.00 $8.03 $1,627.77
9 $1,627.77 $199.48 $0.00 $9.20 $1,836.45
10 $1,836.45 $199.48 $0.00 $10.38 $2,046.31
11 $2,046.31 $199.48 $0.00 $11.57 $2,257.36
12 $2,257.36 $199.48 $0.00 $12.76 $2,469.60
13 $2,469.60 $199.48 $0.00 $13.96 $2,683.04
14 $2,683.04 $199.48 $0.00 $15.17 $2,897.69
15 $2,897.69 $199.48 $0.00 $16.38 $3,113.55
16 $3,113.55 $199.48 $0.00 $17.60 $3,330.63
17 $3,330.63 $199.48 $0.00 $18.83 $3,548.94
18 $3,548.94 $199.48 $0.00 $20.07 $3,768.49
19 $3,768.49 $199.48 $0.00 $21.31 $3,989.28
20 $3,989.28 $199.48 $0.00 $22.56 $4,211.32
21 $4,211.32 $199.48 $0.00 $23.81 $4,434.61
22 $4,434.61 $199.48 $0.00 $25.07 $4,659.16
23 $4,659.16 $199.48 $0.00 $26.34 $4,884.98
24 $4,884.98 $199.48 $0.00 $27.62 $5,112.08
25 $5,112.08 $199.48 $0.00 $28.90 $5,340.46
26 $5,340.46 $199.48 $0.00 $30.20 $5,570.14
27 $5,570.14 $199.48 $0.00 $31.49 $5,801.11
28 $5,801.11 $199.48 $0.00 $32.80 $6,033.39
29 $6,033.39 $199.48 $0.00 $34.11 $6,266.98
30 $6,266.98 $199.48 $0.00 $35.43 $6,501.89
31 $6,501.89 $199.48 $0.00 $36.76 $6,738.13
32 $6,738.13 $199.48 $0.00 $38.10 $6,975.71
33 $6,975.71 $199.48 $0.00 $39.44 $7,214.63
34 $7,214.63 $199.48 $0.00 $40.79 $7,454.90
35 $7,454.90 $199.48 $0.00 $42.15 $7,696.53
36 $7,696.53 $199.48 $0.00 $43.52 $7,939.53
37 $7,939.53 $199.48 $0.00 $44.89 $8,183.90
38 $8,183.90 $199.48 $0.00 $46.27 $8,429.65
39 $8,429.65 $199.48 $0.00 $47.66 $8,676.79
40 $8,676.79 $199.48 $0.00 $49.06 $8,925.33
41 $8,925.33 $199.48 $0.00 $50.47 $9,175.28
42 $9,175.28 $199.48 $0.00 $51.88 $9,426.64
43 $9,426.64 $199.48 $0.00 $53.30 $9,679.42
44 $9,679.42 $199.48 $0.00 $54.73 $9,933.63
45 $9,933.63 $199.48 $0.00 $56.17 $10,189.28
46 $10,189.28 $199.48 $0.00 $57.61 $10,446.37
47 $10,446.37 $199.48 $0.00 $59.07 $10,704.92
48 $10,704.92 $199.48 $0.00 $60.53 $10,964.93
49 $10,964.93 $199.48 $0.00 $62.00 $11,226.41
50 $11,226.41 $199.48 $0.00 $63.48 $11,489.37
51 $11,489.37 $199.48 $0.00 $64.96 $11,753.81
52 $11,753.81 $199.48 $0.00 $66.46 $12,019.75
53 $12,019.75 $199.48 $0.00 $67.96 $12,287.19
54 $12,287.19 $199.48 $0.00 $69.47 $12,556.14
55 $12,556.14 $199.48 $0.00 $70.99 $12,826.61
56 $12,826.61 $199.48 $0.00 $72.52 $13,098.61
57 $13,098.61 $199.48 $0.00 $74.06 $13,372.15
58 $13,372.15 $199.48 $0.00 $75.61 $13,647.24
59 $13,647.24 $199.48 $0.00 $77.16 $13,923.88
60 $13,923.88 $199.48 $0.00 $78.73 $14,202.09
61 $14,202.09 $199.48 $0.00 $80.30 $14,481.87
62 $14,481.87 $199.48 $0.00 $81.88 $14,763.23
63 $14,763.23 $199.48 $0.00 $83.47 $15,046.18
64 $15,046.18 $199.48 $0.00 $85.07 $15,330.73
65 $15,330.73 $199.48 $0.00 $86.68 $15,616.89
66 $15,616.89 $199.48 $0.00 $88.30 $15,904.67
67 $15,904.67 $199.48 $0.00 $89.93 $16,194.08
68 $16,194.08 $199.48 $0.00 $91.56 $16,485.12
69 $16,485.12 $199.48 $0.00 $93.21 $16,777.81
70 $16,777.81 $199.48 $0.00 $94.86 $17,072.15
71 $17,072.15 $199.48 $0.00 $96.53 $17,368.16
72 $17,368.16 $199.48 $0.00 $98.20 $17,665.84
73 $17,665.84 $199.48 $0.00 $99.89 $17,965.21
74 $17,965.21 $199.48 $0.00 $101.58 $18,266.27
75 $18,266.27 $199.48 $0.00 $103.28 $18,569.03
76 $18,569.03 $199.48 $0.00 $104.99 $18,873.50
77 $18,873.50 $199.48 $0.00 $106.71 $19,179.69
78 $19,179.69 $199.48 $0.00 $108.44 $19,487.61
79 $19,487.61 $199.48 $0.00 $110.19 $19,797.28
80 $19,797.28 $199.48 $0.00 $111.94 $20,108.70
81 $20,108.70 $199.48 $0.00 $113.70 $20,421.88
82 $20,421.88 $199.48 $0.00 $115.47 $20,736.83
83 $20,736.83 $199.48 $0.00 $117.25 $21,053.56
84 $21,053.56 $199.48 $0.00 $119.04 $21,372.08
85 $21,372.08 $199.48 $0.00 $120.84 $21,692.40
86 $21,692.40 $199.48 $0.00 $122.65 $22,014.53
87 $22,014.53 $199.48 $0.00 $124.47 $22,338.48
88 $22,338.48 $199.48 $0.00 $126.31 $22,664.27
89 $22,664.27 $199.48 $0.00 $128.15 $22,991.90
90 $22,991.90 $199.48 $0.00 $130.00 $23,321.38
91 $23,321.38 $199.48 $0.00 $131.86 $23,652.72
92 $23,652.72 $199.48 $0.00 $133.74 $23,985.94
93 $23,985.94 $199.48 $0.00 $135.62 $24,321.04
94 $24,321.04 $199.48 $0.00 $137.51 $24,658.03
95 $24,658.03 $199.48 $0.00 $139.42 $24,996.93
96 $24,996.93 $199.48 $0.00 $141.34 $25,337.75
97 $25,337.75 $199.48 $0.00 $143.26 $25,680.49
98 $25,680.49 $199.48 $0.00 $145.20 $26,025.17
99 $26,025.17 $199.48 $0.00 $147.15 $26,371.80
100 $26,371.80 $199.48 $0.00 $149.11 $26,720.39
101 $26,720.39 $199.48 $0.00 $151.08 $27,070.95
102 $27,070.95 $199.48 $0.00 $153.06 $27,423.49
103 $27,423.49 $199.48 $0.00 $155.06 $27,778.03
104 $27,778.03 $199.48 $0.00 $157.06 $28,134.57
105 $28,134.57 $199.48 $0.00 $159.08 $28,493.13
106 $28,493.13 $199.48 $0.00 $161.10 $28,853.71
107 $28,853.71 $199.48 $0.00 $163.14 $29,216.33
108 $29,216.33 $199.48 $0.00 $165.19 $29,581.00
109 $29,581.00 $199.48 $0.00 $167.26 $29,947.74
110 $29,947.74 $199.48 $0.00 $169.33 $30,316.55
111 $30,316.55 $199.48 $0.00 $171.41 $30,687.44
112 $30,687.44 $199.48 $0.00 $173.51 $31,060.43
113 $31,060.43 $199.48 $0.00 $175.62 $31,435.53
114 $31,435.53 $199.48 $0.00 $177.74 $31,812.75
115 $31,812.75 $199.48 $0.00 $179.87 $32,192.10
116 $32,192.10 $199.48 $0.00 $182.02 $32,573.60
117 $32,573.60 $199.48 $0.00 $184.18 $32,957.26
118 $32,957.26 $199.48 $0.00 $186.35 $33,343.09
119 $33,343.09 $199.48 $0.00 $188.53 $33,731.10
120 $33,731.10 $199.48 $0.00 $190.72 $34,121.30
121 $34,121.30 $199.48 $0.00 $192.93 $34,513.71
122 $34,513.71 $199.48 $0.00 $195.15 $34,908.34
123 $34,908.34 $199.48 $0.00 $197.38 $35,305.20
124 $35,305.20 $199.48 $0.00 $199.62 $35,704.30
125 $35,704.30 $199.48 $0.00 $201.88 $36,105.66
126 $36,105.66 $199.48 $0.00 $204.15 $36,509.29
127 $36,509.29 $199.48 $0.00 $206.43 $36,915.20
128 $36,915.20 $199.48 $0.00 $208.72 $37,323.40
129 $37,323.40 $199.48 $0.00 $211.03 $37,733.91
130 $37,733.91 $199.48 $0.00 $213.35 $38,146.74
131 $38,146.74 $199.48 $0.00 $215.69 $38,561.91
132 $38,561.91 $199.48 $0.00 $218.03 $38,979.42
133 $38,979.42 $199.48 $0.00 $220.40 $39,399.30
134 $39,399.30 $199.48 $0.00 $222.77 $39,821.55
135 $39,821.55 $199.48 $0.00 $225.16 $40,246.19
136 $40,246.19 $199.48 $0.00 $227.56 $40,673.23
137 $40,673.23 $199.48 $0.00 $229.97 $41,102.68
138 $41,102.68 $199.48 $0.00 $232.40 $41,534.56
139 $41,534.56 $199.48 $0.00 $234.84 $41,968.88
140 $41,968.88 $199.48 $0.00 $237.30 $42,405.66
141 $42,405.66 $199.48 $0.00 $239.77 $42,844.91
142 $42,844.91 $199.48 $0.00 $242.25 $43,286.64
143 $43,286.64 $199.48 $0.00 $244.75 $43,730.87
144 $43,730.87 $199.48 $0.00 $247.26 $44,177.61
145 $44,177.61 $199.48 $0.00 $249.79 $44,626.88
146 $44,626.88 $199.48 $0.00 $252.33 $45,078.69
147 $45,078.69 $199.48 $0.00 $254.88 $45,533.05
148 $45,533.05 $199.48 $0.00 $257.45 $45,989.98
149 $45,989.98 $199.48 $0.00 $260.03 $46,449.49
150 $46,449.49 $199.48 $0.00 $262.63 $46,911.60
151 $46,911.60 $199.48 $0.00 $265.25 $47,376.33
152 $47,376.33 $199.48 $0.00 $267.87 $47,843.68
153 $47,843.68 $199.48 $0.00 $270.52 $48,313.68
154 $48,313.68 $199.48 $0.00 $273.17 $48,786.33
155 $48,786.33 $199.48 $0.00 $275.85 $49,261.66
156 $49,261.66 $199.48 $0.00 $278.53 $49,739.67
157 $49,739.67 $199.48 $0.00 $281.24 $50,220.39
158 $50,220.39 $199.48 $0.00 $283.95 $50,703.82
159 $50,703.82 $199.48 $0.00 $286.69 $51,189.99
160 $51,189.99 $199.48 $0.00 $289.44 $51,678.91
161 $51,678.91 $199.48 $0.00 $292.20 $52,170.59
162 $52,170.59 $199.48 $0.00 $294.98 $52,665.05
163 $52,665.05 $199.48 $0.00 $297.78 $53,162.31
164 $53,162.31 $199.48 $0.00 $300.59 $53,662.38
165 $53,662.38 $199.48 $0.00 $303.41 $54,165.27
166 $54,165.27 $199.48 $0.00 $306.26 $54,671.01
167 $54,671.01 $199.48 $0.00 $309.12 $55,179.61
168 $55,179.61 $199.48 $0.00 $311.99 $55,691.08
169 $55,691.08 $199.48 $0.00 $314.89 $56,205.45
170 $56,205.45 $199.48 $0.00 $317.79 $56,722.72
171 $56,722.72 $199.48 $0.00 $320.72 $57,242.92
172 $57,242.92 $199.48 $0.00 $323.66 $57,766.06
173 $57,766.06 $199.48 $0.00 $326.62 $58,292.16
174 $58,292.16 $199.48 $0.00 $329.59 $58,821.23
175 $58,821.23 $199.48 $0.00 $332.58 $59,353.29
176 $59,353.29 $199.48 $0.00 $335.59 $59,888.36
177 $59,888.36 $199.48 $0.00 $338.62 $60,426.46
178 $60,426.46 $199.48 $0.00 $341.66 $60,967.60
179 $60,967.60 $199.48 $0.00 $344.72 $61,511.80
180 $61,511.80 $199.48 $0.00 $347.80 $62,059.08
181 $62,059.08 $199.48 $0.00 $350.89 $62,609.45
182 $62,609.45 $199.48 $0.00 $354.00 $63,162.93
183 $63,162.93 $199.48 $0.00 $357.13 $63,719.54
184 $63,719.54 $199.48 $0.00 $360.28 $64,279.30
185 $64,279.30 $199.48 $0.00 $363.44 $64,842.22
186 $64,842.22 $199.48 $0.00 $366.63 $65,408.33
187 $65,408.33 $199.48 $0.00 $369.83 $65,977.64
188 $65,977.64 $199.48 $0.00 $373.05 $66,550.17
189 $66,550.17 $199.48 $0.00 $376.28 $67,125.93
190 $67,125.93 $199.48 $0.00 $379.54 $67,704.95
191 $67,704.95 $199.48 $0.00 $382.81 $68,287.24
192 $68,287.24 $199.48 $0.00 $386.11 $68,872.83
193 $68,872.83 $199.48 $0.00 $389.42 $69,461.73
194 $69,461.73 $199.48 $0.00 $392.75 $70,053.96
195 $70,053.96 $199.48 $0.00 $396.10 $70,649.54
196 $70,649.54 $199.48 $0.00 $399.46 $71,248.48
197 $71,248.48 $199.48 $0.00 $402.85 $71,850.81
198 $71,850.81 $199.48 $0.00 $406.25 $72,456.54
199 $72,456.54 $199.48 $0.00 $409.68 $73,065.70
200 $73,065.70 $199.48 $0.00 $413.12 $73,678.30
201 $73,678.30 $199.48 $0.00 $416.59 $74,294.37
202 $74,294.37 $199.48 $0.00 $420.07 $74,913.92
203 $74,913.92 $199.48 $0.00 $423.57 $75,536.97
204 $75,536.97 $199.48 $0.00 $427.10 $76,163.55
205 $76,163.55 $199.48 $0.00 $430.64 $76,793.67
206 $76,793.67 $199.48 $0.00 $434.20 $77,427.35
207 $77,427.35 $199.48 $0.00 $437.79 $78,064.62
208 $78,064.62 $199.48 $0.00 $441.39 $78,705.49
209 $78,705.49 $199.48 $0.00 $445.01 $79,349.98
210 $79,349.98 $199.48 $0.00 $448.66 $79,998.12
211 $79,998.12 $199.48 $0.00 $452.32 $80,649.92
212 $80,649.92 $199.48 $0.00 $456.01 $81,305.41
213 $81,305.41 $199.48 $0.00 $459.71 $81,964.60
214 $81,964.60 $199.48 $0.00 $463.44 $82,627.52
215 $82,627.52 $199.48 $0.00 $467.19 $83,294.19
216 $83,294.19 $199.48 $0.00 $470.96 $83,964.63
217 $83,964.63 $199.48 $43,788.44 $474.75 $40,850.42
218 $40,850.42 $199.48 $0.00 $230.97 $41,280.87
219 $41,280.87 $199.48 $0.00 $233.41 $41,713.76
220 $41,713.76 $199.48 $0.00 $235.86 $42,149.10
221 $42,149.10 $199.48 $0.00 $238.32 $42,586.90
222 $42,586.90 $199.48 $0.00 $240.79 $43,027.17
223 $43,027.17 $199.48 $0.00 $243.28 $43,469.93
224 $43,469.93 $199.48 $0.00 $245.79 $43,915.20
225 $43,915.20 $199.48 $0.00 $248.30 $44,362.98
226 $44,362.98 $199.48 $0.00 $250.83 $44,813.29
227 $44,813.29 $199.48 $0.00 $253.38 $45,266.15
228 $45,266.15 $199.48 $0.00 $255.94 $45,721.57
229 $45,721.57 $0.00 $45,977.86 $258.52 $2.23