Savings Plan and Future Cost Estimation for Eastern Wyoming College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$37,937
Monthly savings required$169

How much will it cost to send your child to Eastern Wyoming College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $75,873.36 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $168.61 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$15,379.00
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 $168.61 $0.00 $0.00 $168.61
2 $168.61 $168.61 $0.00 $0.95 $338.17
3 $338.17 $168.61 $0.00 $1.91 $508.69
4 $508.69 $168.61 $0.00 $2.88 $680.18
5 $680.18 $168.61 $0.00 $3.85 $852.64
6 $852.64 $168.61 $0.00 $4.82 $1,026.07
7 $1,026.07 $168.61 $0.00 $5.80 $1,200.48
8 $1,200.48 $168.61 $0.00 $6.79 $1,375.88
9 $1,375.88 $168.61 $0.00 $7.78 $1,552.27
10 $1,552.27 $168.61 $0.00 $8.78 $1,729.66
11 $1,729.66 $168.61 $0.00 $9.78 $1,908.05
12 $1,908.05 $168.61 $0.00 $10.79 $2,087.45
13 $2,087.45 $168.61 $0.00 $11.80 $2,267.86
14 $2,267.86 $168.61 $0.00 $12.82 $2,449.29
15 $2,449.29 $168.61 $0.00 $13.85 $2,631.75
16 $2,631.75 $168.61 $0.00 $14.88 $2,815.24
17 $2,815.24 $168.61 $0.00 $15.92 $2,999.77
18 $2,999.77 $168.61 $0.00 $16.96 $3,185.34
19 $3,185.34 $168.61 $0.00 $18.01 $3,371.96
20 $3,371.96 $168.61 $0.00 $19.07 $3,559.64
21 $3,559.64 $168.61 $0.00 $20.13 $3,748.38
22 $3,748.38 $168.61 $0.00 $21.19 $3,938.18
23 $3,938.18 $168.61 $0.00 $22.27 $4,129.06
24 $4,129.06 $168.61 $0.00 $23.35 $4,321.02
25 $4,321.02 $168.61 $0.00 $24.43 $4,514.06
26 $4,514.06 $168.61 $0.00 $25.52 $4,708.19
27 $4,708.19 $168.61 $0.00 $26.62 $4,903.42
28 $4,903.42 $168.61 $0.00 $27.72 $5,099.75
29 $5,099.75 $168.61 $0.00 $28.83 $5,297.19
30 $5,297.19 $168.61 $0.00 $29.95 $5,495.75
31 $5,495.75 $168.61 $0.00 $31.07 $5,695.43
32 $5,695.43 $168.61 $0.00 $32.20 $5,896.24
33 $5,896.24 $168.61 $0.00 $33.34 $6,098.19
34 $6,098.19 $168.61 $0.00 $34.48 $6,301.28
35 $6,301.28 $168.61 $0.00 $35.63 $6,505.52
36 $6,505.52 $168.61 $0.00 $36.78 $6,710.91
37 $6,710.91 $168.61 $0.00 $37.94 $6,917.46
38 $6,917.46 $168.61 $0.00 $39.11 $7,125.18
39 $7,125.18 $168.61 $0.00 $40.29 $7,334.08
40 $7,334.08 $168.61 $0.00 $41.47 $7,544.16
41 $7,544.16 $168.61 $0.00 $42.66 $7,755.43
42 $7,755.43 $168.61 $0.00 $43.85 $7,967.89
43 $7,967.89 $168.61 $0.00 $45.05 $8,181.55
44 $8,181.55 $168.61 $0.00 $46.26 $8,396.42
45 $8,396.42 $168.61 $0.00 $47.47 $8,612.50
46 $8,612.50 $168.61 $0.00 $48.70 $8,829.81
47 $8,829.81 $168.61 $0.00 $49.93 $9,048.35
48 $9,048.35 $168.61 $0.00 $51.16 $9,268.12
49 $9,268.12 $168.61 $0.00 $52.40 $9,489.13
50 $9,489.13 $168.61 $0.00 $53.65 $9,711.39
51 $9,711.39 $168.61 $0.00 $54.91 $9,934.91
52 $9,934.91 $168.61 $0.00 $56.17 $10,159.69
53 $10,159.69 $168.61 $0.00 $57.44 $10,385.74
54 $10,385.74 $168.61 $0.00 $58.72 $10,613.07
55 $10,613.07 $168.61 $0.00 $60.01 $10,841.69
56 $10,841.69 $168.61 $0.00 $61.30 $11,071.60
57 $11,071.60 $168.61 $0.00 $62.60 $11,302.81
58 $11,302.81 $168.61 $0.00 $63.91 $11,535.33
59 $11,535.33 $168.61 $0.00 $65.22 $11,769.16
60 $11,769.16 $168.61 $0.00 $66.54 $12,004.31
61 $12,004.31 $168.61 $0.00 $67.87 $12,240.79
62 $12,240.79 $168.61 $0.00 $69.21 $12,478.61
63 $12,478.61 $168.61 $0.00 $70.56 $12,717.78
64 $12,717.78 $168.61 $0.00 $71.91 $12,958.30
65 $12,958.30 $168.61 $0.00 $73.27 $13,200.18
66 $13,200.18 $168.61 $0.00 $74.64 $13,443.43
67 $13,443.43 $168.61 $0.00 $76.01 $13,688.05
68 $13,688.05 $168.61 $0.00 $77.39 $13,934.05
69 $13,934.05 $168.61 $0.00 $78.79 $14,181.45
70 $14,181.45 $168.61 $0.00 $80.18 $14,430.24
71 $14,430.24 $168.61 $0.00 $81.59 $14,680.44
72 $14,680.44 $168.61 $0.00 $83.01 $14,932.06
73 $14,932.06 $168.61 $0.00 $84.43 $15,185.10
74 $15,185.10 $168.61 $0.00 $85.86 $15,439.57
75 $15,439.57 $168.61 $0.00 $87.30 $15,695.48
76 $15,695.48 $168.61 $0.00 $88.74 $15,952.83
77 $15,952.83 $168.61 $0.00 $90.20 $16,211.64
78 $16,211.64 $168.61 $0.00 $91.66 $16,471.91
79 $16,471.91 $168.61 $0.00 $93.13 $16,733.65
80 $16,733.65 $168.61 $0.00 $94.61 $16,996.87
81 $16,996.87 $168.61 $0.00 $96.10 $17,261.58
82 $17,261.58 $168.61 $0.00 $97.60 $17,527.79
83 $17,527.79 $168.61 $0.00 $99.10 $17,795.50
84 $17,795.50 $168.61 $0.00 $100.62 $18,064.73
85 $18,064.73 $168.61 $0.00 $102.14 $18,335.48
86 $18,335.48 $168.61 $0.00 $103.67 $18,607.76
87 $18,607.76 $168.61 $0.00 $105.21 $18,881.58
88 $18,881.58 $168.61 $0.00 $106.76 $19,156.95
89 $19,156.95 $168.61 $0.00 $108.32 $19,433.88
90 $19,433.88 $168.61 $0.00 $109.88 $19,712.37
91 $19,712.37 $168.61 $0.00 $111.46 $19,992.44
92 $19,992.44 $168.61 $0.00 $113.04 $20,274.09
93 $20,274.09 $168.61 $0.00 $114.63 $20,557.33
94 $20,557.33 $168.61 $0.00 $116.23 $20,842.17
95 $20,842.17 $168.61 $0.00 $117.84 $21,128.62
96 $21,128.62 $168.61 $0.00 $119.46 $21,416.69
97 $21,416.69 $168.61 $0.00 $121.09 $21,706.39
98 $21,706.39 $168.61 $0.00 $122.73 $21,997.73
99 $21,997.73 $168.61 $0.00 $124.38 $22,290.72
100 $22,290.72 $168.61 $0.00 $126.03 $22,585.36
101 $22,585.36 $168.61 $0.00 $127.70 $22,881.67
102 $22,881.67 $168.61 $0.00 $129.38 $23,179.66
103 $23,179.66 $168.61 $0.00 $131.06 $23,479.33
104 $23,479.33 $168.61 $0.00 $132.76 $23,780.70
105 $23,780.70 $168.61 $0.00 $134.46 $24,083.77
106 $24,083.77 $168.61 $0.00 $136.17 $24,388.55
107 $24,388.55 $168.61 $0.00 $137.90 $24,695.06
108 $24,695.06 $168.61 $0.00 $139.63 $25,003.30
109 $25,003.30 $168.61 $0.00 $141.37 $25,313.28
110 $25,313.28 $168.61 $0.00 $143.12 $25,625.01
111 $25,625.01 $168.61 $0.00 $144.89 $25,938.51
112 $25,938.51 $168.61 $0.00 $146.66 $26,253.78
113 $26,253.78 $168.61 $0.00 $148.44 $26,570.83
114 $26,570.83 $168.61 $0.00 $150.24 $26,889.68
115 $26,889.68 $168.61 $0.00 $152.04 $27,210.33
116 $27,210.33 $168.61 $0.00 $153.85 $27,532.79
117 $27,532.79 $168.61 $0.00 $155.67 $27,857.07
118 $27,857.07 $168.61 $0.00 $157.51 $28,183.19
119 $28,183.19 $168.61 $0.00 $159.35 $28,511.15
120 $28,511.15 $168.61 $0.00 $161.21 $28,840.97
121 $28,840.97 $168.61 $0.00 $163.07 $29,172.65
122 $29,172.65 $168.61 $0.00 $164.95 $29,506.21
123 $29,506.21 $168.61 $0.00 $166.83 $29,841.65
124 $29,841.65 $168.61 $0.00 $168.73 $30,178.99
125 $30,178.99 $168.61 $0.00 $170.64 $30,518.24
126 $30,518.24 $168.61 $0.00 $172.55 $30,859.40
127 $30,859.40 $168.61 $0.00 $174.48 $31,202.49
128 $31,202.49 $168.61 $0.00 $176.42 $31,547.52
129 $31,547.52 $168.61 $0.00 $178.37 $31,894.50
130 $31,894.50 $168.61 $0.00 $180.34 $32,243.45
131 $32,243.45 $168.61 $0.00 $182.31 $32,594.37
132 $32,594.37 $168.61 $0.00 $184.29 $32,947.27
133 $32,947.27 $168.61 $0.00 $186.29 $33,302.17
134 $33,302.17 $168.61 $0.00 $188.30 $33,659.08
135 $33,659.08 $168.61 $0.00 $190.31 $34,018.00
136 $34,018.00 $168.61 $0.00 $192.34 $34,378.95
137 $34,378.95 $168.61 $0.00 $194.38 $34,741.94
138 $34,741.94 $168.61 $0.00 $196.44 $35,106.99
139 $35,106.99 $168.61 $0.00 $198.50 $35,474.10
140 $35,474.10 $168.61 $0.00 $200.58 $35,843.29
141 $35,843.29 $168.61 $0.00 $202.66 $36,214.56
142 $36,214.56 $168.61 $0.00 $204.76 $36,587.93
143 $36,587.93 $168.61 $0.00 $206.87 $36,963.41
144 $36,963.41 $168.61 $0.00 $209.00 $37,341.02
145 $37,341.02 $168.61 $0.00 $211.13 $37,720.76
146 $37,720.76 $168.61 $0.00 $213.28 $38,102.65
147 $38,102.65 $168.61 $0.00 $215.44 $38,486.70
148 $38,486.70 $168.61 $0.00 $217.61 $38,872.92
149 $38,872.92 $168.61 $0.00 $219.79 $39,261.32
150 $39,261.32 $168.61 $0.00 $221.99 $39,651.92
151 $39,651.92 $168.61 $0.00 $224.20 $40,044.73
152 $40,044.73 $168.61 $0.00 $226.42 $40,439.76
153 $40,439.76 $168.61 $0.00 $228.65 $40,837.02
154 $40,837.02 $168.61 $0.00 $230.90 $41,236.53
155 $41,236.53 $168.61 $0.00 $233.16 $41,638.30
156 $41,638.30 $168.61 $0.00 $235.43 $42,042.34
157 $42,042.34 $168.61 $0.00 $237.71 $42,448.66
158 $42,448.66 $168.61 $0.00 $240.01 $42,857.28
159 $42,857.28 $168.61 $0.00 $242.32 $43,268.21
160 $43,268.21 $168.61 $0.00 $244.64 $43,681.46
161 $43,681.46 $168.61 $0.00 $246.98 $44,097.05
162 $44,097.05 $168.61 $0.00 $249.33 $44,514.99
163 $44,514.99 $168.61 $0.00 $251.69 $44,935.29
164 $44,935.29 $168.61 $0.00 $254.07 $45,357.97
165 $45,357.97 $168.61 $0.00 $256.46 $45,783.04
166 $45,783.04 $168.61 $0.00 $258.86 $46,210.51
167 $46,210.51 $168.61 $0.00 $261.28 $46,640.40
168 $46,640.40 $168.61 $0.00 $263.71 $47,072.72
169 $47,072.72 $168.61 $0.00 $266.16 $47,507.49
170 $47,507.49 $168.61 $0.00 $268.61 $47,944.71
171 $47,944.71 $168.61 $0.00 $271.09 $48,384.41
172 $48,384.41 $168.61 $0.00 $273.57 $48,826.59
173 $48,826.59 $168.61 $0.00 $276.07 $49,271.27
174 $49,271.27 $168.61 $0.00 $278.59 $49,718.47
175 $49,718.47 $168.61 $0.00 $281.12 $50,168.20
176 $50,168.20 $168.61 $0.00 $283.66 $50,620.47
177 $50,620.47 $168.61 $0.00 $286.22 $51,075.30
178 $51,075.30 $168.61 $0.00 $288.79 $51,532.70
179 $51,532.70 $168.61 $0.00 $291.37 $51,992.68
180 $51,992.68 $168.61 $0.00 $293.97 $52,455.26
181 $52,455.26 $168.61 $0.00 $296.59 $52,920.46
182 $52,920.46 $168.61 $0.00 $299.22 $53,388.29
183 $53,388.29 $168.61 $0.00 $301.87 $53,858.77
184 $53,858.77 $168.61 $0.00 $304.53 $54,331.91
185 $54,331.91 $168.61 $0.00 $307.20 $54,807.72
186 $54,807.72 $168.61 $0.00 $309.89 $55,286.22
187 $55,286.22 $168.61 $0.00 $312.60 $55,767.43
188 $55,767.43 $168.61 $0.00 $315.32 $56,251.36
189 $56,251.36 $168.61 $0.00 $318.05 $56,738.02
190 $56,738.02 $168.61 $0.00 $320.81 $57,227.44
191 $57,227.44 $168.61 $0.00 $323.57 $57,719.62
192 $57,719.62 $168.61 $0.00 $326.36 $58,214.59
193 $58,214.59 $168.61 $0.00 $329.15 $58,712.35
194 $58,712.35 $168.61 $0.00 $331.97 $59,212.93
195 $59,212.93 $168.61 $0.00 $334.80 $59,716.34
196 $59,716.34 $168.61 $0.00 $337.64 $60,222.59
197 $60,222.59 $168.61 $0.00 $340.51 $60,731.71
198 $60,731.71 $168.61 $0.00 $343.39 $61,243.71
199 $61,243.71 $168.61 $0.00 $346.28 $61,758.60
200 $61,758.60 $168.61 $0.00 $349.19 $62,276.40
201 $62,276.40 $168.61 $0.00 $352.12 $62,797.13
202 $62,797.13 $168.61 $0.00 $355.06 $63,320.80
203 $63,320.80 $168.61 $0.00 $358.03 $63,847.44
204 $63,847.44 $168.61 $0.00 $361.00 $64,377.05
205 $64,377.05 $168.61 $0.00 $364.00 $64,909.66
206 $64,909.66 $168.61 $0.00 $367.01 $65,445.28
207 $65,445.28 $168.61 $0.00 $370.04 $65,983.93
208 $65,983.93 $168.61 $0.00 $373.08 $66,525.62
209 $66,525.62 $168.61 $0.00 $376.15 $67,070.38
210 $67,070.38 $168.61 $0.00 $379.23 $67,618.22
211 $67,618.22 $168.61 $0.00 $382.32 $68,169.15
212 $68,169.15 $168.61 $0.00 $385.44 $68,723.20
213 $68,723.20 $168.61 $0.00 $388.57 $69,280.38
214 $69,280.38 $168.61 $0.00 $391.72 $69,840.71
215 $69,840.71 $168.61 $0.00 $394.89 $70,404.21
216 $70,404.21 $168.61 $0.00 $398.08 $70,970.90
217 $70,970.90 $168.61 $37,011.40 $401.28 $34,529.39
218 $34,529.39 $168.61 $0.00 $195.23 $34,893.23
219 $34,893.23 $168.61 $0.00 $197.29 $35,259.13
220 $35,259.13 $168.61 $0.00 $199.36 $35,627.10
221 $35,627.10 $168.61 $0.00 $201.44 $35,997.15
222 $35,997.15 $168.61 $0.00 $203.53 $36,369.29
223 $36,369.29 $168.61 $0.00 $205.64 $36,743.54
224 $36,743.54 $168.61 $0.00 $207.75 $37,119.90
225 $37,119.90 $168.61 $0.00 $209.88 $37,498.39
226 $37,498.39 $168.61 $0.00 $212.02 $37,879.02
227 $37,879.02 $168.61 $0.00 $214.17 $38,261.80
228 $38,261.80 $168.61 $0.00 $216.34 $38,646.75
229 $38,646.75 $0.00 $38,861.97 $218.51 $3.29