Savings Plan and Future Cost Estimation for Ozarka College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$56,182
Monthly savings required$250

How much will it cost to send your child to Ozarka College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $112,363.14 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $249.61 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$16,060.00
Years until enrollment18
Annual Tuition Increase7%
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 $249.61 $0.00 $0.00 $249.61
2 $249.61 $249.61 $0.00 $1.41 $500.63
3 $500.63 $249.61 $0.00 $2.83 $753.07
4 $753.07 $249.61 $0.00 $4.26 $1,006.94
5 $1,006.94 $249.61 $0.00 $5.69 $1,262.24
6 $1,262.24 $249.61 $0.00 $7.14 $1,518.99
7 $1,518.99 $249.61 $0.00 $8.59 $1,777.19
8 $1,777.19 $249.61 $0.00 $10.05 $2,036.85
9 $2,036.85 $249.61 $0.00 $11.52 $2,297.98
10 $2,297.98 $249.61 $0.00 $12.99 $2,560.58
11 $2,560.58 $249.61 $0.00 $14.48 $2,824.67
12 $2,824.67 $249.61 $0.00 $15.97 $3,090.25
13 $3,090.25 $249.61 $0.00 $17.47 $3,357.33
14 $3,357.33 $249.61 $0.00 $18.98 $3,625.92
15 $3,625.92 $249.61 $0.00 $20.50 $3,896.03
16 $3,896.03 $249.61 $0.00 $22.03 $4,167.67
17 $4,167.67 $249.61 $0.00 $23.56 $4,440.84
18 $4,440.84 $249.61 $0.00 $25.11 $4,715.56
19 $4,715.56 $249.61 $0.00 $26.66 $4,991.83
20 $4,991.83 $249.61 $0.00 $28.22 $5,269.66
21 $5,269.66 $249.61 $0.00 $29.80 $5,549.07
22 $5,549.07 $249.61 $0.00 $31.38 $5,830.06
23 $5,830.06 $249.61 $0.00 $32.96 $6,112.63
24 $6,112.63 $249.61 $0.00 $34.56 $6,396.80
25 $6,396.80 $249.61 $0.00 $36.17 $6,682.58
26 $6,682.58 $249.61 $0.00 $37.78 $6,969.97
27 $6,969.97 $249.61 $0.00 $39.41 $7,258.99
28 $7,258.99 $249.61 $0.00 $41.04 $7,549.64
29 $7,549.64 $249.61 $0.00 $42.69 $7,841.94
30 $7,841.94 $249.61 $0.00 $44.34 $8,135.89
31 $8,135.89 $249.61 $0.00 $46.00 $8,431.50
32 $8,431.50 $249.61 $0.00 $47.67 $8,728.78
33 $8,728.78 $249.61 $0.00 $49.35 $9,027.74
34 $9,027.74 $249.61 $0.00 $51.04 $9,328.39
35 $9,328.39 $249.61 $0.00 $52.74 $9,630.74
36 $9,630.74 $249.61 $0.00 $54.45 $9,934.80
37 $9,934.80 $249.61 $0.00 $56.17 $10,240.58
38 $10,240.58 $249.61 $0.00 $57.90 $10,548.09
39 $10,548.09 $249.61 $0.00 $59.64 $10,857.34
40 $10,857.34 $249.61 $0.00 $61.39 $11,168.34
41 $11,168.34 $249.61 $0.00 $63.15 $11,481.10
42 $11,481.10 $249.61 $0.00 $64.92 $11,795.63
43 $11,795.63 $249.61 $0.00 $66.69 $12,111.93
44 $12,111.93 $249.61 $0.00 $68.48 $12,430.02
45 $12,430.02 $249.61 $0.00 $70.28 $12,749.91
46 $12,749.91 $249.61 $0.00 $72.09 $13,071.61
47 $13,071.61 $249.61 $0.00 $73.91 $13,395.13
48 $13,395.13 $249.61 $0.00 $75.74 $13,720.48
49 $13,720.48 $249.61 $0.00 $77.58 $14,047.67
50 $14,047.67 $249.61 $0.00 $79.43 $14,376.71
51 $14,376.71 $249.61 $0.00 $81.29 $14,707.61
52 $14,707.61 $249.61 $0.00 $83.16 $15,040.38
53 $15,040.38 $249.61 $0.00 $85.04 $15,375.03
54 $15,375.03 $249.61 $0.00 $86.93 $15,711.57
55 $15,711.57 $249.61 $0.00 $88.84 $16,050.02
56 $16,050.02 $249.61 $0.00 $90.75 $16,390.38
57 $16,390.38 $249.61 $0.00 $92.67 $16,732.66
58 $16,732.66 $249.61 $0.00 $94.61 $17,076.88
59 $17,076.88 $249.61 $0.00 $96.56 $17,423.05
60 $17,423.05 $249.61 $0.00 $98.51 $17,771.17
61 $17,771.17 $249.61 $0.00 $100.48 $18,121.26
62 $18,121.26 $249.61 $0.00 $102.46 $18,473.33
63 $18,473.33 $249.61 $0.00 $104.45 $18,827.39
64 $18,827.39 $249.61 $0.00 $106.45 $19,183.45
65 $19,183.45 $249.61 $0.00 $108.47 $19,541.53
66 $19,541.53 $249.61 $0.00 $110.49 $19,901.63
67 $19,901.63 $249.61 $0.00 $112.53 $20,263.77
68 $20,263.77 $249.61 $0.00 $114.57 $20,627.95
69 $20,627.95 $249.61 $0.00 $116.63 $20,994.19
70 $20,994.19 $249.61 $0.00 $118.70 $21,362.50
71 $21,362.50 $249.61 $0.00 $120.79 $21,732.90
72 $21,732.90 $249.61 $0.00 $122.88 $22,105.39
73 $22,105.39 $249.61 $0.00 $124.99 $22,479.99
74 $22,479.99 $249.61 $0.00 $127.11 $22,856.71
75 $22,856.71 $249.61 $0.00 $129.24 $23,235.56
76 $23,235.56 $249.61 $0.00 $131.38 $23,616.55
77 $23,616.55 $249.61 $0.00 $133.53 $23,999.69
78 $23,999.69 $249.61 $0.00 $135.70 $24,385.00
79 $24,385.00 $249.61 $0.00 $137.88 $24,772.49
80 $24,772.49 $249.61 $0.00 $140.07 $25,162.17
81 $25,162.17 $249.61 $0.00 $142.27 $25,554.05
82 $25,554.05 $249.61 $0.00 $144.49 $25,948.15
83 $25,948.15 $249.61 $0.00 $146.71 $26,344.47
84 $26,344.47 $249.61 $0.00 $148.96 $26,743.04
85 $26,743.04 $249.61 $0.00 $151.21 $27,143.86
86 $27,143.86 $249.61 $0.00 $153.48 $27,546.95
87 $27,546.95 $249.61 $0.00 $155.75 $27,952.31
88 $27,952.31 $249.61 $0.00 $158.05 $28,359.97
89 $28,359.97 $249.61 $0.00 $160.35 $28,769.93
90 $28,769.93 $249.61 $0.00 $162.67 $29,182.21
91 $29,182.21 $249.61 $0.00 $165.00 $29,596.82
92 $29,596.82 $249.61 $0.00 $167.34 $30,013.77
93 $30,013.77 $249.61 $0.00 $169.70 $30,433.08
94 $30,433.08 $249.61 $0.00 $172.07 $30,854.76
95 $30,854.76 $249.61 $0.00 $174.46 $31,278.83
96 $31,278.83 $249.61 $0.00 $176.86 $31,705.30
97 $31,705.30 $249.61 $0.00 $179.27 $32,134.18
98 $32,134.18 $249.61 $0.00 $181.69 $32,565.48
99 $32,565.48 $249.61 $0.00 $184.13 $32,999.22
100 $32,999.22 $249.61 $0.00 $186.58 $33,435.41
101 $33,435.41 $249.61 $0.00 $189.05 $33,874.07
102 $33,874.07 $249.61 $0.00 $191.53 $34,315.21
103 $34,315.21 $249.61 $0.00 $194.02 $34,758.84
104 $34,758.84 $249.61 $0.00 $196.53 $35,204.98
105 $35,204.98 $249.61 $0.00 $199.05 $35,653.64
106 $35,653.64 $249.61 $0.00 $201.59 $36,104.84
107 $36,104.84 $249.61 $0.00 $204.14 $36,558.59
108 $36,558.59 $249.61 $0.00 $206.71 $37,014.91
109 $37,014.91 $249.61 $0.00 $209.29 $37,473.81
110 $37,473.81 $249.61 $0.00 $211.88 $37,935.30
111 $37,935.30 $249.61 $0.00 $214.49 $38,399.40
112 $38,399.40 $249.61 $0.00 $217.12 $38,866.13
113 $38,866.13 $249.61 $0.00 $219.75 $39,335.49
114 $39,335.49 $249.61 $0.00 $222.41 $39,807.51
115 $39,807.51 $249.61 $0.00 $225.08 $40,282.20
116 $40,282.20 $249.61 $0.00 $227.76 $40,759.57
117 $40,759.57 $249.61 $0.00 $230.46 $41,239.64
118 $41,239.64 $249.61 $0.00 $233.17 $41,722.42
119 $41,722.42 $249.61 $0.00 $235.90 $42,207.93
120 $42,207.93 $249.61 $0.00 $238.65 $42,696.19
121 $42,696.19 $249.61 $0.00 $241.41 $43,187.21
122 $43,187.21 $249.61 $0.00 $244.19 $43,681.01
123 $43,681.01 $249.61 $0.00 $246.98 $44,177.60
124 $44,177.60 $249.61 $0.00 $249.79 $44,677.00
125 $44,677.00 $249.61 $0.00 $252.61 $45,179.22
126 $45,179.22 $249.61 $0.00 $255.45 $45,684.28
127 $45,684.28 $249.61 $0.00 $258.31 $46,192.20
128 $46,192.20 $249.61 $0.00 $261.18 $46,702.99
129 $46,702.99 $249.61 $0.00 $264.07 $47,216.67
130 $47,216.67 $249.61 $0.00 $266.97 $47,733.25
131 $47,733.25 $249.61 $0.00 $269.89 $48,252.75
132 $48,252.75 $249.61 $0.00 $272.83 $48,775.19
133 $48,775.19 $249.61 $0.00 $275.78 $49,300.58
134 $49,300.58 $249.61 $0.00 $278.75 $49,828.94
135 $49,828.94 $249.61 $0.00 $281.74 $50,360.29
136 $50,360.29 $249.61 $0.00 $284.74 $50,894.64
137 $50,894.64 $249.61 $0.00 $287.77 $51,432.02
138 $51,432.02 $249.61 $0.00 $290.80 $51,972.43
139 $51,972.43 $249.61 $0.00 $293.86 $52,515.90
140 $52,515.90 $249.61 $0.00 $296.93 $53,062.44
141 $53,062.44 $249.61 $0.00 $300.02 $53,612.07
142 $53,612.07 $249.61 $0.00 $303.13 $54,164.81
143 $54,164.81 $249.61 $0.00 $306.26 $54,720.68
144 $54,720.68 $249.61 $0.00 $309.40 $55,279.69
145 $55,279.69 $249.61 $0.00 $312.56 $55,841.86
146 $55,841.86 $249.61 $0.00 $315.74 $56,407.21
147 $56,407.21 $249.61 $0.00 $318.93 $56,975.75
148 $56,975.75 $249.61 $0.00 $322.15 $57,547.51
149 $57,547.51 $249.61 $0.00 $325.38 $58,122.50
150 $58,122.50 $249.61 $0.00 $328.63 $58,700.74
151 $58,700.74 $249.61 $0.00 $331.90 $59,282.25
152 $59,282.25 $249.61 $0.00 $335.19 $59,867.05
153 $59,867.05 $249.61 $0.00 $338.50 $60,455.16
154 $60,455.16 $249.61 $0.00 $341.82 $61,046.59
155 $61,046.59 $249.61 $0.00 $345.17 $61,641.37
156 $61,641.37 $249.61 $0.00 $348.53 $62,239.51
157 $62,239.51 $249.61 $0.00 $351.91 $62,841.03
158 $62,841.03 $249.61 $0.00 $355.31 $63,445.95
159 $63,445.95 $249.61 $0.00 $358.73 $64,054.29
160 $64,054.29 $249.61 $0.00 $362.17 $64,666.07
161 $64,666.07 $249.61 $0.00 $365.63 $65,281.31
162 $65,281.31 $249.61 $0.00 $369.11 $65,900.03
163 $65,900.03 $249.61 $0.00 $372.61 $66,522.25
164 $66,522.25 $249.61 $0.00 $376.13 $67,147.99
165 $67,147.99 $249.61 $0.00 $379.66 $67,777.26
166 $67,777.26 $249.61 $0.00 $383.22 $68,410.09
167 $68,410.09 $249.61 $0.00 $386.80 $69,046.50
168 $69,046.50 $249.61 $0.00 $390.40 $69,686.51
169 $69,686.51 $249.61 $0.00 $394.02 $70,330.14
170 $70,330.14 $249.61 $0.00 $397.66 $70,977.41
171 $70,977.41 $249.61 $0.00 $401.32 $71,628.34
172 $71,628.34 $249.61 $0.00 $405.00 $72,282.95
173 $72,282.95 $249.61 $0.00 $408.70 $72,941.26
174 $72,941.26 $249.61 $0.00 $412.42 $73,603.29
175 $73,603.29 $249.61 $0.00 $416.16 $74,269.06
176 $74,269.06 $249.61 $0.00 $419.93 $74,938.60
177 $74,938.60 $249.61 $0.00 $423.71 $75,611.92
178 $75,611.92 $249.61 $0.00 $427.52 $76,289.05
179 $76,289.05 $249.61 $0.00 $431.35 $76,970.01
180 $76,970.01 $249.61 $0.00 $435.20 $77,654.82
181 $77,654.82 $249.61 $0.00 $439.07 $78,343.50
182 $78,343.50 $249.61 $0.00 $442.97 $79,036.08
183 $79,036.08 $249.61 $0.00 $446.88 $79,732.57
184 $79,732.57 $249.61 $0.00 $450.82 $80,433.00
185 $80,433.00 $249.61 $0.00 $454.78 $81,137.39
186 $81,137.39 $249.61 $0.00 $458.76 $81,845.76
187 $81,845.76 $249.61 $0.00 $462.77 $82,558.14
188 $82,558.14 $249.61 $0.00 $466.80 $83,274.55
189 $83,274.55 $249.61 $0.00 $470.85 $83,995.01
190 $83,995.01 $249.61 $0.00 $474.92 $84,719.54
191 $84,719.54 $249.61 $0.00 $479.02 $85,448.17
192 $85,448.17 $249.61 $0.00 $483.14 $86,180.92
193 $86,180.92 $249.61 $0.00 $487.28 $86,917.81
194 $86,917.81 $249.61 $0.00 $491.45 $87,658.87
195 $87,658.87 $249.61 $0.00 $495.64 $88,404.12
196 $88,404.12 $249.61 $0.00 $499.85 $89,153.58
197 $89,153.58 $249.61 $0.00 $504.09 $89,907.28
198 $89,907.28 $249.61 $0.00 $508.35 $90,665.24
199 $90,665.24 $249.61 $0.00 $512.63 $91,427.48
200 $91,427.48 $249.61 $0.00 $516.94 $92,194.03
201 $92,194.03 $249.61 $0.00 $521.28 $92,964.92
202 $92,964.92 $249.61 $0.00 $525.64 $93,740.17
203 $93,740.17 $249.61 $0.00 $530.02 $94,519.80
204 $94,519.80 $249.61 $0.00 $534.43 $95,303.84
205 $95,303.84 $249.61 $0.00 $538.86 $96,092.31
206 $96,092.31 $249.61 $0.00 $543.32 $96,885.24
207 $96,885.24 $249.61 $0.00 $547.80 $97,682.65
208 $97,682.65 $249.61 $0.00 $552.31 $98,484.57
209 $98,484.57 $249.61 $0.00 $556.85 $99,291.03
210 $99,291.03 $249.61 $0.00 $561.41 $100,102.05
211 $100,102.05 $249.61 $0.00 $565.99 $100,917.65
212 $100,917.65 $249.61 $0.00 $570.60 $101,737.86
213 $101,737.86 $249.61 $0.00 $575.24 $102,562.71
214 $102,562.71 $249.61 $0.00 $579.90 $103,392.22
215 $103,392.22 $249.61 $0.00 $584.59 $104,226.42
216 $104,226.42 $249.61 $0.00 $589.31 $105,065.34
217 $105,065.34 $249.61 $54,281.71 $594.05 $51,627.29
218 $51,627.29 $249.61 $0.00 $291.91 $52,168.81
219 $52,168.81 $249.61 $0.00 $294.97 $52,713.39
220 $52,713.39 $249.61 $0.00 $298.05 $53,261.05
221 $53,261.05 $249.61 $0.00 $301.15 $53,811.81
222 $53,811.81 $249.61 $0.00 $304.26 $54,365.68
223 $54,365.68 $249.61 $0.00 $307.39 $54,922.68
224 $54,922.68 $249.61 $0.00 $310.54 $55,482.83
225 $55,482.83 $249.61 $0.00 $313.71 $56,046.15
226 $56,046.15 $249.61 $0.00 $316.89 $56,612.65
227 $56,612.65 $249.61 $0.00 $320.10 $57,182.36
228 $57,182.36 $249.61 $0.00 $323.32 $57,755.29
229 $57,755.29 $0.00 $58,081.43 $326.56 $0.42