Savings Plan and Future Cost Estimation for Boulder College of Massage Therapy

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$87,792
Monthly savings required$390

How much will it cost to send your child to Boulder College of Massage Therapy in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $175,583.16 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $390.05 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$25,096.00
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 $390.05 $0.00 $0.00 $390.05
2 $390.05 $390.05 $0.00 $2.21 $782.31
3 $782.31 $390.05 $0.00 $4.42 $1,176.78
4 $1,176.78 $390.05 $0.00 $6.65 $1,573.48
5 $1,573.48 $390.05 $0.00 $8.90 $1,972.43
6 $1,972.43 $390.05 $0.00 $11.15 $2,373.63
7 $2,373.63 $390.05 $0.00 $13.42 $2,777.10
8 $2,777.10 $390.05 $0.00 $15.70 $3,182.85
9 $3,182.85 $390.05 $0.00 $18.00 $3,590.90
10 $3,590.90 $390.05 $0.00 $20.30 $4,001.25
11 $4,001.25 $390.05 $0.00 $22.62 $4,413.92
12 $4,413.92 $390.05 $0.00 $24.96 $4,828.93
13 $4,828.93 $390.05 $0.00 $27.30 $5,246.28
14 $5,246.28 $390.05 $0.00 $29.66 $5,665.99
15 $5,665.99 $390.05 $0.00 $32.04 $6,088.08
16 $6,088.08 $390.05 $0.00 $34.42 $6,512.55
17 $6,512.55 $390.05 $0.00 $36.82 $6,939.42
18 $6,939.42 $390.05 $0.00 $39.24 $7,368.71
19 $7,368.71 $390.05 $0.00 $41.66 $7,800.42
20 $7,800.42 $390.05 $0.00 $44.10 $8,234.57
21 $8,234.57 $390.05 $0.00 $46.56 $8,671.18
22 $8,671.18 $390.05 $0.00 $49.03 $9,110.26
23 $9,110.26 $390.05 $0.00 $51.51 $9,551.82
24 $9,551.82 $390.05 $0.00 $54.01 $9,995.88
25 $9,995.88 $390.05 $0.00 $56.52 $10,442.45
26 $10,442.45 $390.05 $0.00 $59.04 $10,891.54
27 $10,891.54 $390.05 $0.00 $61.58 $11,343.17
28 $11,343.17 $390.05 $0.00 $64.14 $11,797.36
29 $11,797.36 $390.05 $0.00 $66.70 $12,254.11
30 $12,254.11 $390.05 $0.00 $69.29 $12,713.45
31 $12,713.45 $390.05 $0.00 $71.88 $13,175.38
32 $13,175.38 $390.05 $0.00 $74.50 $13,639.93
33 $13,639.93 $390.05 $0.00 $77.12 $14,107.10
34 $14,107.10 $390.05 $0.00 $79.76 $14,576.91
35 $14,576.91 $390.05 $0.00 $82.42 $15,049.38
36 $15,049.38 $390.05 $0.00 $85.09 $15,524.52
37 $15,524.52 $390.05 $0.00 $87.78 $16,002.35
38 $16,002.35 $390.05 $0.00 $90.48 $16,482.88
39 $16,482.88 $390.05 $0.00 $93.20 $16,966.13
40 $16,966.13 $390.05 $0.00 $95.93 $17,452.11
41 $17,452.11 $390.05 $0.00 $98.68 $17,940.84
42 $17,940.84 $390.05 $0.00 $101.44 $18,432.33
43 $18,432.33 $390.05 $0.00 $104.22 $18,926.60
44 $18,926.60 $390.05 $0.00 $107.01 $19,423.66
45 $19,423.66 $390.05 $0.00 $109.82 $19,923.53
46 $19,923.53 $390.05 $0.00 $112.65 $20,426.23
47 $20,426.23 $390.05 $0.00 $115.49 $20,931.77
48 $20,931.77 $390.05 $0.00 $118.35 $21,440.17
49 $21,440.17 $390.05 $0.00 $121.23 $21,951.45
50 $21,951.45 $390.05 $0.00 $124.12 $22,465.62
51 $22,465.62 $390.05 $0.00 $127.02 $22,982.69
52 $22,982.69 $390.05 $0.00 $129.95 $23,502.69
53 $23,502.69 $390.05 $0.00 $132.89 $24,025.63
54 $24,025.63 $390.05 $0.00 $135.84 $24,551.52
55 $24,551.52 $390.05 $0.00 $138.82 $25,080.39
56 $25,080.39 $390.05 $0.00 $141.81 $25,612.25
57 $25,612.25 $390.05 $0.00 $144.82 $26,147.12
58 $26,147.12 $390.05 $0.00 $147.84 $26,685.01
59 $26,685.01 $390.05 $0.00 $150.88 $27,225.94
60 $27,225.94 $390.05 $0.00 $153.94 $27,769.93
61 $27,769.93 $390.05 $0.00 $157.02 $28,317.00
62 $28,317.00 $390.05 $0.00 $160.11 $28,867.16
63 $28,867.16 $390.05 $0.00 $163.22 $29,420.43
64 $29,420.43 $390.05 $0.00 $166.35 $29,976.83
65 $29,976.83 $390.05 $0.00 $169.49 $30,536.37
66 $30,536.37 $390.05 $0.00 $172.66 $31,099.08
67 $31,099.08 $390.05 $0.00 $175.84 $31,664.97
68 $31,664.97 $390.05 $0.00 $179.04 $32,234.06
69 $32,234.06 $390.05 $0.00 $182.26 $32,806.37
70 $32,806.37 $390.05 $0.00 $185.49 $33,381.91
71 $33,381.91 $390.05 $0.00 $188.75 $33,960.71
72 $33,960.71 $390.05 $0.00 $192.02 $34,542.78
73 $34,542.78 $390.05 $0.00 $195.31 $35,128.14
74 $35,128.14 $390.05 $0.00 $198.62 $35,716.81
75 $35,716.81 $390.05 $0.00 $201.95 $36,308.81
76 $36,308.81 $390.05 $0.00 $205.30 $36,904.16
77 $36,904.16 $390.05 $0.00 $208.66 $37,502.87
78 $37,502.87 $390.05 $0.00 $212.05 $38,104.97
79 $38,104.97 $390.05 $0.00 $215.45 $38,710.47
80 $38,710.47 $390.05 $0.00 $218.87 $39,319.39
81 $39,319.39 $390.05 $0.00 $222.32 $39,931.76
82 $39,931.76 $390.05 $0.00 $225.78 $40,547.59
83 $40,547.59 $390.05 $0.00 $229.26 $41,166.90
84 $41,166.90 $390.05 $0.00 $232.76 $41,789.71
85 $41,789.71 $390.05 $0.00 $236.29 $42,416.05
86 $42,416.05 $390.05 $0.00 $239.83 $43,045.93
87 $43,045.93 $390.05 $0.00 $243.39 $43,679.37
88 $43,679.37 $390.05 $0.00 $246.97 $44,316.39
89 $44,316.39 $390.05 $0.00 $250.57 $44,957.01
90 $44,957.01 $390.05 $0.00 $254.19 $45,601.25
91 $45,601.25 $390.05 $0.00 $257.84 $46,249.14
92 $46,249.14 $390.05 $0.00 $261.50 $46,900.69
93 $46,900.69 $390.05 $0.00 $265.18 $47,555.92
94 $47,555.92 $390.05 $0.00 $268.89 $48,214.86
95 $48,214.86 $390.05 $0.00 $272.61 $48,877.52
96 $48,877.52 $390.05 $0.00 $276.36 $49,543.93
97 $49,543.93 $390.05 $0.00 $280.13 $50,214.11
98 $50,214.11 $390.05 $0.00 $283.92 $50,888.08
99 $50,888.08 $390.05 $0.00 $287.73 $51,565.86
100 $51,565.86 $390.05 $0.00 $291.56 $52,247.47
101 $52,247.47 $390.05 $0.00 $295.41 $52,932.93
102 $52,932.93 $390.05 $0.00 $299.29 $53,622.27
103 $53,622.27 $390.05 $0.00 $303.19 $54,315.51
104 $54,315.51 $390.05 $0.00 $307.11 $55,012.67
105 $55,012.67 $390.05 $0.00 $311.05 $55,713.77
106 $55,713.77 $390.05 $0.00 $315.01 $56,418.83
107 $56,418.83 $390.05 $0.00 $319.00 $57,127.88
108 $57,127.88 $390.05 $0.00 $323.01 $57,840.94
109 $57,840.94 $390.05 $0.00 $327.04 $58,558.03
110 $58,558.03 $390.05 $0.00 $331.10 $59,279.18
111 $59,279.18 $390.05 $0.00 $335.17 $60,004.40
112 $60,004.40 $390.05 $0.00 $339.27 $60,733.72
113 $60,733.72 $390.05 $0.00 $343.40 $61,467.17
114 $61,467.17 $390.05 $0.00 $347.54 $62,204.76
115 $62,204.76 $390.05 $0.00 $351.71 $62,946.52
116 $62,946.52 $390.05 $0.00 $355.91 $63,692.48
117 $63,692.48 $390.05 $0.00 $360.13 $64,442.66
118 $64,442.66 $390.05 $0.00 $364.37 $65,197.08
119 $65,197.08 $390.05 $0.00 $368.63 $65,955.76
120 $65,955.76 $390.05 $0.00 $372.92 $66,718.73
121 $66,718.73 $390.05 $0.00 $377.24 $67,486.02
122 $67,486.02 $390.05 $0.00 $381.58 $68,257.65
123 $68,257.65 $390.05 $0.00 $385.94 $69,033.64
124 $69,033.64 $390.05 $0.00 $390.33 $69,814.02
125 $69,814.02 $390.05 $0.00 $394.74 $70,598.81
126 $70,598.81 $390.05 $0.00 $399.18 $71,388.04
127 $71,388.04 $390.05 $0.00 $403.64 $72,181.73
128 $72,181.73 $390.05 $0.00 $408.13 $72,979.91
129 $72,979.91 $390.05 $0.00 $412.64 $73,782.60
130 $73,782.60 $390.05 $0.00 $417.18 $74,589.83
131 $74,589.83 $390.05 $0.00 $421.74 $75,401.62
132 $75,401.62 $390.05 $0.00 $426.33 $76,218.00
133 $76,218.00 $390.05 $0.00 $430.95 $77,039.00
134 $77,039.00 $390.05 $0.00 $435.59 $77,864.64
135 $77,864.64 $390.05 $0.00 $440.26 $78,694.95
136 $78,694.95 $390.05 $0.00 $444.95 $79,529.95
137 $79,529.95 $390.05 $0.00 $449.67 $80,369.67
138 $80,369.67 $390.05 $0.00 $454.42 $81,214.14
139 $81,214.14 $390.05 $0.00 $459.20 $82,063.39
140 $82,063.39 $390.05 $0.00 $464.00 $82,917.44
141 $82,917.44 $390.05 $0.00 $468.83 $83,776.32
142 $83,776.32 $390.05 $0.00 $473.68 $84,640.05
143 $84,640.05 $390.05 $0.00 $478.57 $85,508.67
144 $85,508.67 $390.05 $0.00 $483.48 $86,382.20
145 $86,382.20 $390.05 $0.00 $488.42 $87,260.67
146 $87,260.67 $390.05 $0.00 $493.38 $88,144.10
147 $88,144.10 $390.05 $0.00 $498.38 $89,032.53
148 $89,032.53 $390.05 $0.00 $503.40 $89,925.98
149 $89,925.98 $390.05 $0.00 $508.45 $90,824.48
150 $90,824.48 $390.05 $0.00 $513.53 $91,728.06
151 $91,728.06 $390.05 $0.00 $518.64 $92,636.75
152 $92,636.75 $390.05 $0.00 $523.78 $93,550.58
153 $93,550.58 $390.05 $0.00 $528.95 $94,469.58
154 $94,469.58 $390.05 $0.00 $534.14 $95,393.77
155 $95,393.77 $390.05 $0.00 $539.37 $96,323.19
156 $96,323.19 $390.05 $0.00 $544.63 $97,257.87
157 $97,257.87 $390.05 $0.00 $549.91 $98,197.83
158 $98,197.83 $390.05 $0.00 $555.22 $99,143.10
159 $99,143.10 $390.05 $0.00 $560.57 $100,093.72
160 $100,093.72 $390.05 $0.00 $565.94 $101,049.71
161 $101,049.71 $390.05 $0.00 $571.35 $102,011.11
162 $102,011.11 $390.05 $0.00 $576.79 $102,977.95
163 $102,977.95 $390.05 $0.00 $582.25 $103,950.25
164 $103,950.25 $390.05 $0.00 $587.75 $104,928.05
165 $104,928.05 $390.05 $0.00 $593.28 $105,911.38
166 $105,911.38 $390.05 $0.00 $598.84 $106,900.27
167 $106,900.27 $390.05 $0.00 $604.43 $107,894.75
168 $107,894.75 $390.05 $0.00 $610.05 $108,894.85
169 $108,894.85 $390.05 $0.00 $615.71 $109,900.61
170 $109,900.61 $390.05 $0.00 $621.39 $110,912.05
171 $110,912.05 $390.05 $0.00 $627.11 $111,929.21
172 $111,929.21 $390.05 $0.00 $632.86 $112,952.12
173 $112,952.12 $390.05 $0.00 $638.65 $113,980.82
174 $113,980.82 $390.05 $0.00 $644.46 $115,015.33
175 $115,015.33 $390.05 $0.00 $650.31 $116,055.69
176 $116,055.69 $390.05 $0.00 $656.20 $117,101.94
177 $117,101.94 $390.05 $0.00 $662.11 $118,154.10
178 $118,154.10 $390.05 $0.00 $668.06 $119,212.21
179 $119,212.21 $390.05 $0.00 $674.04 $120,276.30
180 $120,276.30 $390.05 $0.00 $680.06 $121,346.41
181 $121,346.41 $390.05 $0.00 $686.11 $122,422.57
182 $122,422.57 $390.05 $0.00 $692.20 $123,504.82
183 $123,504.82 $390.05 $0.00 $698.31 $124,593.18
184 $124,593.18 $390.05 $0.00 $704.47 $125,687.70
185 $125,687.70 $390.05 $0.00 $710.66 $126,788.41
186 $126,788.41 $390.05 $0.00 $716.88 $127,895.34
187 $127,895.34 $390.05 $0.00 $723.14 $129,008.53
188 $129,008.53 $390.05 $0.00 $729.43 $130,128.01
189 $130,128.01 $390.05 $0.00 $735.76 $131,253.82
190 $131,253.82 $390.05 $0.00 $742.13 $132,386.00
191 $132,386.00 $390.05 $0.00 $748.53 $133,524.58
192 $133,524.58 $390.05 $0.00 $754.97 $134,669.60
193 $134,669.60 $390.05 $0.00 $761.44 $135,821.09
194 $135,821.09 $390.05 $0.00 $767.95 $136,979.09
195 $136,979.09 $390.05 $0.00 $774.50 $138,143.64
196 $138,143.64 $390.05 $0.00 $781.08 $139,314.77
197 $139,314.77 $390.05 $0.00 $787.71 $140,492.53
198 $140,492.53 $390.05 $0.00 $794.37 $141,676.95
199 $141,676.95 $390.05 $0.00 $801.06 $142,868.06
200 $142,868.06 $390.05 $0.00 $807.80 $144,065.91
201 $144,065.91 $390.05 $0.00 $814.57 $145,270.53
202 $145,270.53 $390.05 $0.00 $821.38 $146,481.96
203 $146,481.96 $390.05 $0.00 $828.23 $147,700.24
204 $147,700.24 $390.05 $0.00 $835.12 $148,925.41
205 $148,925.41 $390.05 $0.00 $842.05 $150,157.51
206 $150,157.51 $390.05 $0.00 $849.01 $151,396.57
207 $151,396.57 $390.05 $0.00 $856.02 $152,642.64
208 $152,642.64 $390.05 $0.00 $863.06 $153,895.75
209 $153,895.75 $390.05 $0.00 $870.15 $155,155.95
210 $155,155.95 $390.05 $0.00 $877.27 $156,423.27
211 $156,423.27 $390.05 $0.00 $884.44 $157,697.76
212 $157,697.76 $390.05 $0.00 $891.65 $158,979.46
213 $158,979.46 $390.05 $0.00 $898.89 $160,268.40
214 $160,268.40 $390.05 $0.00 $906.18 $161,564.63
215 $161,564.63 $390.05 $0.00 $913.51 $162,868.19
216 $162,868.19 $390.05 $0.00 $920.88 $164,179.12
217 $164,179.12 $390.05 $84,822.78 $928.29 $80,674.68
218 $80,674.68 $390.05 $0.00 $456.15 $81,520.88
219 $81,520.88 $390.05 $0.00 $460.93 $82,371.86
220 $82,371.86 $390.05 $0.00 $465.74 $83,227.65
221 $83,227.65 $390.05 $0.00 $470.58 $84,088.28
222 $84,088.28 $390.05 $0.00 $475.45 $84,953.78
223 $84,953.78 $390.05 $0.00 $480.34 $85,824.17
224 $85,824.17 $390.05 $0.00 $485.26 $86,699.48
225 $86,699.48 $390.05 $0.00 $490.21 $87,579.74
226 $87,579.74 $390.05 $0.00 $495.19 $88,464.98
227 $88,464.98 $390.05 $0.00 $500.19 $89,355.22
228 $89,355.22 $390.05 $0.00 $505.23 $90,250.50
229 $90,250.50 $0.00 $90,760.38 $510.29 $0.41