Savings Plan and Future Cost Estimation for Broward College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$151,320
Monthly savings required$1,196

How much will it cost to send your child to Broward College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $605,280.51 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,195.92 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$40,334.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,195.92 $0.00 $0.00 $1,195.92
2 $1,195.92 $1,195.92 $0.00 $6.76 $2,398.60
3 $2,398.60 $1,195.92 $0.00 $13.56 $3,608.08
4 $3,608.08 $1,195.92 $0.00 $20.40 $4,824.40
5 $4,824.40 $1,195.92 $0.00 $27.28 $6,047.60
6 $6,047.60 $1,195.92 $0.00 $34.19 $7,277.71
7 $7,277.71 $1,195.92 $0.00 $41.15 $8,514.78
8 $8,514.78 $1,195.92 $0.00 $48.14 $9,758.84
9 $9,758.84 $1,195.92 $0.00 $55.18 $11,009.94
10 $11,009.94 $1,195.92 $0.00 $62.25 $12,268.11
11 $12,268.11 $1,195.92 $0.00 $69.37 $13,533.40
12 $13,533.40 $1,195.92 $0.00 $76.52 $14,805.84
13 $14,805.84 $1,195.92 $0.00 $83.71 $16,085.47
14 $16,085.47 $1,195.92 $0.00 $90.95 $17,372.34
15 $17,372.34 $1,195.92 $0.00 $98.23 $18,666.49
16 $18,666.49 $1,195.92 $0.00 $105.54 $19,967.95
17 $19,967.95 $1,195.92 $0.00 $112.90 $21,276.77
18 $21,276.77 $1,195.92 $0.00 $120.30 $22,592.99
19 $22,592.99 $1,195.92 $0.00 $127.74 $23,916.65
20 $23,916.65 $1,195.92 $0.00 $135.23 $25,247.80
21 $25,247.80 $1,195.92 $0.00 $142.75 $26,586.47
22 $26,586.47 $1,195.92 $0.00 $150.32 $27,932.71
23 $27,932.71 $1,195.92 $0.00 $157.94 $29,286.57
24 $29,286.57 $1,195.92 $0.00 $165.59 $30,648.08
25 $30,648.08 $1,195.92 $0.00 $173.29 $32,017.29
26 $32,017.29 $1,195.92 $0.00 $181.03 $33,394.24
27 $33,394.24 $1,195.92 $0.00 $188.82 $34,778.98
28 $34,778.98 $1,195.92 $0.00 $196.65 $36,171.55
29 $36,171.55 $1,195.92 $0.00 $204.52 $37,571.99
30 $37,571.99 $1,195.92 $0.00 $212.44 $38,980.35
31 $38,980.35 $1,195.92 $0.00 $220.40 $40,396.67
32 $40,396.67 $1,195.92 $0.00 $228.41 $41,821.00
33 $41,821.00 $1,195.92 $0.00 $236.46 $43,253.38
34 $43,253.38 $1,195.92 $0.00 $244.56 $44,693.86
35 $44,693.86 $1,195.92 $0.00 $252.71 $46,142.49
36 $46,142.49 $1,195.92 $0.00 $260.90 $47,599.31
37 $47,599.31 $1,195.92 $0.00 $269.13 $49,064.36
38 $49,064.36 $1,195.92 $0.00 $277.42 $50,537.70
39 $50,537.70 $1,195.92 $0.00 $285.75 $52,019.37
40 $52,019.37 $1,195.92 $0.00 $294.13 $53,509.42
41 $53,509.42 $1,195.92 $0.00 $302.55 $55,007.89
42 $55,007.89 $1,195.92 $0.00 $311.02 $56,514.83
43 $56,514.83 $1,195.92 $0.00 $319.54 $58,030.29
44 $58,030.29 $1,195.92 $0.00 $328.11 $59,554.32
45 $59,554.32 $1,195.92 $0.00 $336.73 $61,086.97
46 $61,086.97 $1,195.92 $0.00 $345.39 $62,628.28
47 $62,628.28 $1,195.92 $0.00 $354.11 $64,178.31
48 $64,178.31 $1,195.92 $0.00 $362.87 $65,737.10
49 $65,737.10 $1,195.92 $0.00 $371.69 $67,304.71
50 $67,304.71 $1,195.92 $0.00 $380.55 $68,881.18
51 $68,881.18 $1,195.92 $0.00 $389.46 $70,466.56
52 $70,466.56 $1,195.92 $0.00 $398.43 $72,060.91
53 $72,060.91 $1,195.92 $0.00 $407.44 $73,664.27
54 $73,664.27 $1,195.92 $0.00 $416.51 $75,276.70
55 $75,276.70 $1,195.92 $0.00 $425.63 $76,898.25
56 $76,898.25 $1,195.92 $0.00 $434.79 $78,528.96
57 $78,528.96 $1,195.92 $0.00 $444.01 $80,168.89
58 $80,168.89 $1,195.92 $0.00 $453.29 $81,818.10
59 $81,818.10 $1,195.92 $0.00 $462.61 $83,476.63
60 $83,476.63 $1,195.92 $0.00 $471.99 $85,144.54
61 $85,144.54 $1,195.92 $0.00 $481.42 $86,821.88
62 $86,821.88 $1,195.92 $0.00 $490.90 $88,508.70
63 $88,508.70 $1,195.92 $0.00 $500.44 $90,205.06
64 $90,205.06 $1,195.92 $0.00 $510.03 $91,911.01
65 $91,911.01 $1,195.92 $0.00 $519.68 $93,626.61
66 $93,626.61 $1,195.92 $0.00 $529.38 $95,351.91
67 $95,351.91 $1,195.92 $0.00 $539.13 $97,086.96
68 $97,086.96 $1,195.92 $0.00 $548.94 $98,831.82
69 $98,831.82 $1,195.92 $0.00 $558.81 $100,586.55
70 $100,586.55 $1,195.92 $0.00 $568.73 $102,351.20
71 $102,351.20 $1,195.92 $0.00 $578.71 $104,125.83
72 $104,125.83 $1,195.92 $0.00 $588.74 $105,910.49
73 $105,910.49 $1,195.92 $0.00 $598.83 $107,705.24
74 $107,705.24 $1,195.92 $0.00 $608.98 $109,510.14
75 $109,510.14 $1,195.92 $0.00 $619.19 $111,325.25
76 $111,325.25 $1,195.92 $0.00 $629.45 $113,150.62
77 $113,150.62 $1,195.92 $0.00 $639.77 $114,986.31
78 $114,986.31 $1,195.92 $0.00 $650.15 $116,832.38
79 $116,832.38 $1,195.92 $0.00 $660.59 $118,688.89
80 $118,688.89 $1,195.92 $0.00 $671.08 $120,555.89
81 $120,555.89 $1,195.92 $0.00 $681.64 $122,433.45
82 $122,433.45 $1,195.92 $0.00 $692.26 $124,321.63
83 $124,321.63 $1,195.92 $0.00 $702.93 $126,220.48
84 $126,220.48 $1,195.92 $0.00 $713.67 $128,130.07
85 $128,130.07 $1,195.92 $0.00 $724.47 $130,050.46
86 $130,050.46 $1,195.92 $0.00 $735.32 $131,981.70
87 $131,981.70 $1,195.92 $0.00 $746.24 $133,923.86
88 $133,923.86 $1,195.92 $0.00 $757.22 $135,877.00
89 $135,877.00 $1,195.92 $0.00 $768.27 $137,841.19
90 $137,841.19 $1,195.92 $0.00 $779.37 $139,816.48
91 $139,816.48 $1,195.92 $0.00 $790.54 $141,802.94
92 $141,802.94 $1,195.92 $0.00 $801.77 $143,800.63
93 $143,800.63 $1,195.92 $0.00 $813.07 $145,809.62
94 $145,809.62 $1,195.92 $0.00 $824.43 $147,829.97
95 $147,829.97 $1,195.92 $0.00 $835.85 $149,861.74
96 $149,861.74 $1,195.92 $0.00 $847.34 $151,905.00
97 $151,905.00 $1,195.92 $0.00 $858.89 $153,959.81
98 $153,959.81 $1,195.92 $0.00 $870.51 $156,026.24
99 $156,026.24 $1,195.92 $0.00 $882.20 $158,104.36
100 $158,104.36 $1,195.92 $0.00 $893.95 $160,194.23
101 $160,194.23 $1,195.92 $0.00 $905.76 $162,295.91
102 $162,295.91 $1,195.92 $0.00 $917.64 $164,409.47
103 $164,409.47 $1,195.92 $0.00 $929.60 $166,534.99
104 $166,534.99 $1,195.92 $0.00 $941.61 $168,672.52
105 $168,672.52 $1,195.92 $0.00 $953.70 $170,822.14
106 $170,822.14 $1,195.92 $0.00 $965.85 $172,983.91
107 $172,983.91 $1,195.92 $0.00 $978.08 $175,157.91
108 $175,157.91 $1,195.92 $0.00 $990.37 $177,344.20
109 $177,344.20 $1,195.92 $0.00 $1,002.73 $179,542.85
110 $179,542.85 $1,195.92 $0.00 $1,015.16 $181,753.93
111 $181,753.93 $1,195.92 $0.00 $1,027.66 $183,977.51
112 $183,977.51 $1,195.92 $0.00 $1,040.24 $186,213.67
113 $186,213.67 $1,195.92 $0.00 $1,052.88 $188,462.47
114 $188,462.47 $1,195.92 $0.00 $1,065.59 $190,723.98
115 $190,723.98 $1,195.92 $0.00 $1,078.38 $192,998.28
116 $192,998.28 $1,195.92 $0.00 $1,091.24 $195,285.44
117 $195,285.44 $1,195.92 $0.00 $1,104.17 $197,585.53
118 $197,585.53 $1,195.92 $0.00 $1,117.18 $199,898.63
119 $199,898.63 $1,195.92 $0.00 $1,130.26 $202,224.81
120 $202,224.81 $1,195.92 $0.00 $1,143.41 $204,564.14
121 $204,564.14 $1,195.92 $0.00 $1,156.64 $206,916.70
122 $206,916.70 $1,195.92 $0.00 $1,169.94 $209,282.56
123 $209,282.56 $1,195.92 $0.00 $1,183.31 $211,661.79
124 $211,661.79 $1,195.92 $0.00 $1,196.77 $214,054.48
125 $214,054.48 $1,195.92 $0.00 $1,210.30 $216,460.70
126 $216,460.70 $1,195.92 $0.00 $1,223.90 $218,880.52
127 $218,880.52 $1,195.92 $0.00 $1,237.58 $221,314.02
128 $221,314.02 $1,195.92 $0.00 $1,251.34 $223,761.28
129 $223,761.28 $1,195.92 $0.00 $1,265.18 $226,222.38
130 $226,222.38 $1,195.92 $0.00 $1,279.09 $228,697.39
131 $228,697.39 $1,195.92 $0.00 $1,293.09 $231,186.40
132 $231,186.40 $1,195.92 $0.00 $1,307.16 $233,689.48
133 $233,689.48 $1,195.92 $0.00 $1,321.31 $236,206.71
134 $236,206.71 $1,195.92 $0.00 $1,335.55 $238,738.18
135 $238,738.18 $1,195.92 $0.00 $1,349.86 $241,283.96
136 $241,283.96 $1,195.92 $0.00 $1,364.25 $243,844.13
137 $243,844.13 $1,195.92 $0.00 $1,378.73 $246,418.78
138 $246,418.78 $1,195.92 $0.00 $1,393.29 $249,007.99
139 $249,007.99 $1,195.92 $0.00 $1,407.93 $251,611.84
140 $251,611.84 $1,195.92 $0.00 $1,422.65 $254,230.41
141 $254,230.41 $1,195.92 $0.00 $1,437.46 $256,863.79
142 $256,863.79 $1,195.92 $0.00 $1,452.35 $259,512.06
143 $259,512.06 $1,195.92 $0.00 $1,467.32 $262,175.30
144 $262,175.30 $1,195.92 $0.00 $1,482.38 $264,853.60
145 $264,853.60 $1,195.92 $0.00 $1,497.52 $267,547.04
146 $267,547.04 $1,195.92 $0.00 $1,512.75 $270,255.71
147 $270,255.71 $1,195.92 $0.00 $1,528.07 $272,979.70
148 $272,979.70 $1,195.92 $0.00 $1,543.47 $275,719.09
149 $275,719.09 $1,195.92 $0.00 $1,558.96 $278,473.97
150 $278,473.97 $1,195.92 $0.00 $1,574.53 $281,244.42
151 $281,244.42 $1,195.92 $0.00 $1,590.20 $284,030.54
152 $284,030.54 $1,195.92 $0.00 $1,605.95 $286,832.41
153 $286,832.41 $1,195.92 $0.00 $1,621.79 $289,650.12
154 $289,650.12 $1,195.92 $0.00 $1,637.72 $292,483.76
155 $292,483.76 $1,195.92 $0.00 $1,653.75 $295,333.43
156 $295,333.43 $1,195.92 $0.00 $1,669.86 $298,199.21
157 $298,199.21 $1,195.92 $0.00 $1,686.06 $301,081.19
158 $301,081.19 $1,195.92 $0.00 $1,702.36 $303,979.47
159 $303,979.47 $1,195.92 $0.00 $1,718.74 $306,894.13
160 $306,894.13 $1,195.92 $0.00 $1,735.22 $309,825.27
161 $309,825.27 $1,195.92 $0.00 $1,751.80 $312,772.99
162 $312,772.99 $1,195.92 $0.00 $1,768.46 $315,737.37
163 $315,737.37 $1,195.92 $0.00 $1,785.22 $318,718.51
164 $318,718.51 $1,195.92 $0.00 $1,802.08 $321,716.51
165 $321,716.51 $1,195.92 $0.00 $1,819.03 $324,731.46
166 $324,731.46 $1,195.92 $0.00 $1,836.08 $327,763.46
167 $327,763.46 $1,195.92 $0.00 $1,853.22 $330,812.60
168 $330,812.60 $1,195.92 $0.00 $1,870.46 $333,878.98
169 $333,878.98 $1,195.92 $0.00 $1,887.80 $336,962.70
170 $336,962.70 $1,195.92 $0.00 $1,905.24 $340,063.86
171 $340,063.86 $1,195.92 $0.00 $1,922.77 $343,182.55
172 $343,182.55 $1,195.92 $0.00 $1,940.40 $346,318.87
173 $346,318.87 $1,195.92 $0.00 $1,958.14 $349,472.93
174 $349,472.93 $1,195.92 $0.00 $1,975.97 $352,644.82
175 $352,644.82 $1,195.92 $0.00 $1,993.91 $355,834.65
176 $355,834.65 $1,195.92 $0.00 $2,011.94 $359,042.51
177 $359,042.51 $1,195.92 $0.00 $2,030.08 $362,268.51
178 $362,268.51 $1,195.92 $0.00 $2,048.32 $365,512.75
179 $365,512.75 $1,195.92 $0.00 $2,066.66 $368,775.33
180 $368,775.33 $1,195.92 $0.00 $2,085.11 $372,056.36
181 $372,056.36 $1,195.92 $0.00 $2,103.66 $375,355.94
182 $375,355.94 $1,195.92 $0.00 $2,122.32 $378,674.18
183 $378,674.18 $1,195.92 $0.00 $2,141.08 $382,011.18
184 $382,011.18 $1,195.92 $0.00 $2,159.95 $385,367.05
185 $385,367.05 $1,195.92 $0.00 $2,178.92 $388,741.89
186 $388,741.89 $1,195.92 $0.00 $2,198.00 $392,135.81
187 $392,135.81 $1,195.92 $0.00 $2,217.19 $395,548.92
188 $395,548.92 $1,195.92 $0.00 $2,236.49 $398,981.33
189 $398,981.33 $1,195.92 $0.00 $2,255.90 $402,433.15
190 $402,433.15 $1,195.92 $0.00 $2,275.42 $405,904.49
191 $405,904.49 $1,195.92 $0.00 $2,295.04 $409,395.45
192 $409,395.45 $1,195.92 $0.00 $2,314.78 $412,906.15
193 $412,906.15 $1,195.92 $0.00 $2,334.63 $416,436.70
194 $416,436.70 $1,195.92 $0.00 $2,354.59 $419,987.21
195 $419,987.21 $1,195.92 $0.00 $2,374.67 $423,557.80
196 $423,557.80 $1,195.92 $0.00 $2,394.86 $427,148.58
197 $427,148.58 $1,195.92 $0.00 $2,415.16 $430,759.66
198 $430,759.66 $1,195.92 $0.00 $2,435.58 $434,391.16
199 $434,391.16 $1,195.92 $0.00 $2,456.11 $438,043.19
200 $438,043.19 $1,195.92 $0.00 $2,476.76 $441,715.87
201 $441,715.87 $1,195.92 $0.00 $2,497.53 $445,409.32
202 $445,409.32 $1,195.92 $0.00 $2,518.41 $449,123.65
203 $449,123.65 $1,195.92 $0.00 $2,539.41 $452,858.98
204 $452,858.98 $1,195.92 $0.00 $2,560.53 $456,615.43
205 $456,615.43 $1,195.92 $0.00 $2,581.77 $460,393.12
206 $460,393.12 $1,195.92 $0.00 $2,603.13 $464,192.17
207 $464,192.17 $1,195.92 $0.00 $2,624.61 $468,012.70
208 $468,012.70 $1,195.92 $0.00 $2,646.21 $471,854.83
209 $471,854.83 $1,195.92 $0.00 $2,667.94 $475,718.69
210 $475,718.69 $1,195.92 $0.00 $2,689.78 $479,604.39
211 $479,604.39 $1,195.92 $0.00 $2,711.75 $483,512.06
212 $483,512.06 $1,195.92 $0.00 $2,733.85 $487,441.83
213 $487,441.83 $1,195.92 $0.00 $2,756.07 $491,393.82
214 $491,393.82 $1,195.92 $0.00 $2,778.41 $495,368.15
215 $495,368.15 $1,195.92 $0.00 $2,800.88 $499,364.95
216 $499,364.95 $1,195.92 $0.00 $2,823.48 $503,384.35
217 $503,384.35 $1,195.92 $136,326.19 $2,846.21 $371,100.29
218 $371,100.29 $1,195.92 $0.00 $2,098.25 $374,394.46
219 $374,394.46 $1,195.92 $0.00 $2,116.88 $377,707.26
220 $377,707.26 $1,195.92 $0.00 $2,135.61 $381,038.79
221 $381,038.79 $1,195.92 $0.00 $2,154.45 $384,389.16
222 $384,389.16 $1,195.92 $0.00 $2,173.39 $387,758.47
223 $387,758.47 $1,195.92 $0.00 $2,192.44 $391,146.83
224 $391,146.83 $1,195.92 $0.00 $2,211.60 $394,554.35
225 $394,554.35 $1,195.92 $0.00 $2,230.87 $397,981.14
226 $397,981.14 $1,195.92 $0.00 $2,250.24 $401,427.30
227 $401,427.30 $1,195.92 $0.00 $2,269.73 $404,892.95
228 $404,892.95 $1,195.92 $0.00 $2,289.32 $408,378.19
229 $408,378.19 $1,195.92 $145,869.02 $2,309.03 $266,014.12
230 $266,014.12 $1,195.92 $0.00 $1,504.08 $268,714.12
231 $268,714.12 $1,195.92 $0.00 $1,519.35 $271,429.39
232 $271,429.39 $1,195.92 $0.00 $1,534.70 $274,160.01
233 $274,160.01 $1,195.92 $0.00 $1,550.14 $276,906.07
234 $276,906.07 $1,195.92 $0.00 $1,565.67 $279,667.66
235 $279,667.66 $1,195.92 $0.00 $1,581.28 $282,444.86
236 $282,444.86 $1,195.92 $0.00 $1,596.98 $285,237.76
237 $285,237.76 $1,195.92 $0.00 $1,612.78 $288,046.46
238 $288,046.46 $1,195.92 $0.00 $1,628.66 $290,871.04
239 $290,871.04 $1,195.92 $0.00 $1,644.63 $293,711.59
240 $293,711.59 $1,195.92 $0.00 $1,660.69 $296,568.20
241 $296,568.20 $1,195.92 $156,079.85 $1,676.84 $143,361.11
242 $143,361.11 $1,195.92 $0.00 $810.58 $145,367.61
243 $145,367.61 $1,195.92 $0.00 $821.93 $147,385.46
244 $147,385.46 $1,195.92 $0.00 $833.34 $149,414.72
245 $149,414.72 $1,195.92 $0.00 $844.81 $151,455.45
246 $151,455.45 $1,195.92 $0.00 $856.35 $153,507.72
247 $153,507.72 $1,195.92 $0.00 $867.95 $155,571.59
248 $155,571.59 $1,195.92 $0.00 $879.62 $157,647.13
249 $157,647.13 $1,195.92 $0.00 $891.36 $159,734.41
250 $159,734.41 $1,195.92 $0.00 $903.16 $161,833.49
251 $161,833.49 $1,195.92 $0.00 $915.03 $163,944.44
252 $163,944.44 $1,195.92 $0.00 $926.97 $166,067.33
253 $166,067.33 $0.00 $167,005.44 $938.97 $0.86