Savings Plan and Future Cost Estimation for Miami Dade College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$129,185
Monthly savings required$1,021

How much will it cost to send your child to Miami Dade College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $516,740.94 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,020.98 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$34,434.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,020.98 $0.00 $0.00 $1,020.98
2 $1,020.98 $1,020.98 $0.00 $5.77 $2,047.73
3 $2,047.73 $1,020.98 $0.00 $11.58 $3,080.29
4 $3,080.29 $1,020.98 $0.00 $17.42 $4,118.69
5 $4,118.69 $1,020.98 $0.00 $23.29 $5,162.96
6 $5,162.96 $1,020.98 $0.00 $29.19 $6,213.13
7 $6,213.13 $1,020.98 $0.00 $35.13 $7,269.24
8 $7,269.24 $1,020.98 $0.00 $41.10 $8,331.32
9 $8,331.32 $1,020.98 $0.00 $47.11 $9,399.41
10 $9,399.41 $1,020.98 $0.00 $53.15 $10,473.54
11 $10,473.54 $1,020.98 $0.00 $59.22 $11,553.74
12 $11,553.74 $1,020.98 $0.00 $65.33 $12,640.05
13 $12,640.05 $1,020.98 $0.00 $71.47 $13,732.50
14 $13,732.50 $1,020.98 $0.00 $77.65 $14,831.13
15 $14,831.13 $1,020.98 $0.00 $83.86 $15,935.97
16 $15,935.97 $1,020.98 $0.00 $90.10 $17,047.05
17 $17,047.05 $1,020.98 $0.00 $96.39 $18,164.42
18 $18,164.42 $1,020.98 $0.00 $102.70 $19,288.10
19 $19,288.10 $1,020.98 $0.00 $109.06 $20,418.14
20 $20,418.14 $1,020.98 $0.00 $115.45 $21,554.57
21 $21,554.57 $1,020.98 $0.00 $121.87 $22,697.42
22 $22,697.42 $1,020.98 $0.00 $128.33 $23,846.73
23 $23,846.73 $1,020.98 $0.00 $134.83 $25,002.54
24 $25,002.54 $1,020.98 $0.00 $141.37 $26,164.89
25 $26,164.89 $1,020.98 $0.00 $147.94 $27,333.81
26 $27,333.81 $1,020.98 $0.00 $154.55 $28,509.34
27 $28,509.34 $1,020.98 $0.00 $161.20 $29,691.52
28 $29,691.52 $1,020.98 $0.00 $167.88 $30,880.38
29 $30,880.38 $1,020.98 $0.00 $174.60 $32,075.96
30 $32,075.96 $1,020.98 $0.00 $181.36 $33,278.30
31 $33,278.30 $1,020.98 $0.00 $188.16 $34,487.44
32 $34,487.44 $1,020.98 $0.00 $195.00 $35,703.42
33 $35,703.42 $1,020.98 $0.00 $201.87 $36,926.27
34 $36,926.27 $1,020.98 $0.00 $208.79 $38,156.04
35 $38,156.04 $1,020.98 $0.00 $215.74 $39,392.76
36 $39,392.76 $1,020.98 $0.00 $222.73 $40,636.47
37 $40,636.47 $1,020.98 $0.00 $229.76 $41,887.21
38 $41,887.21 $1,020.98 $0.00 $236.84 $43,145.03
39 $43,145.03 $1,020.98 $0.00 $243.95 $44,409.96
40 $44,409.96 $1,020.98 $0.00 $251.10 $45,682.04
41 $45,682.04 $1,020.98 $0.00 $258.29 $46,961.31
42 $46,961.31 $1,020.98 $0.00 $265.53 $48,247.82
43 $48,247.82 $1,020.98 $0.00 $272.80 $49,541.60
44 $49,541.60 $1,020.98 $0.00 $280.12 $50,842.70
45 $50,842.70 $1,020.98 $0.00 $287.47 $52,151.15
46 $52,151.15 $1,020.98 $0.00 $294.87 $53,467.00
47 $53,467.00 $1,020.98 $0.00 $302.31 $54,790.29
48 $54,790.29 $1,020.98 $0.00 $309.79 $56,121.06
49 $56,121.06 $1,020.98 $0.00 $317.32 $57,459.36
50 $57,459.36 $1,020.98 $0.00 $324.88 $58,805.22
51 $58,805.22 $1,020.98 $0.00 $332.49 $60,158.69
52 $60,158.69 $1,020.98 $0.00 $340.15 $61,519.82
53 $61,519.82 $1,020.98 $0.00 $347.84 $62,888.64
54 $62,888.64 $1,020.98 $0.00 $355.58 $64,265.20
55 $64,265.20 $1,020.98 $0.00 $363.36 $65,649.54
56 $65,649.54 $1,020.98 $0.00 $371.19 $67,041.71
57 $67,041.71 $1,020.98 $0.00 $379.06 $68,441.75
58 $68,441.75 $1,020.98 $0.00 $386.98 $69,849.71
59 $69,849.71 $1,020.98 $0.00 $394.94 $71,265.63
60 $71,265.63 $1,020.98 $0.00 $402.95 $72,689.56
61 $72,689.56 $1,020.98 $0.00 $411.00 $74,121.54
62 $74,121.54 $1,020.98 $0.00 $419.09 $75,561.61
63 $75,561.61 $1,020.98 $0.00 $427.24 $77,009.83
64 $77,009.83 $1,020.98 $0.00 $435.42 $78,466.23
65 $78,466.23 $1,020.98 $0.00 $443.66 $79,930.87
66 $79,930.87 $1,020.98 $0.00 $451.94 $81,403.79
67 $81,403.79 $1,020.98 $0.00 $460.27 $82,885.04
68 $82,885.04 $1,020.98 $0.00 $468.64 $84,374.66
69 $84,374.66 $1,020.98 $0.00 $477.07 $85,872.71
70 $85,872.71 $1,020.98 $0.00 $485.54 $87,379.23
71 $87,379.23 $1,020.98 $0.00 $494.05 $88,894.26
72 $88,894.26 $1,020.98 $0.00 $502.62 $90,417.86
73 $90,417.86 $1,020.98 $0.00 $511.24 $91,950.08
74 $91,950.08 $1,020.98 $0.00 $519.90 $93,490.96
75 $93,490.96 $1,020.98 $0.00 $528.61 $95,040.55
76 $95,040.55 $1,020.98 $0.00 $537.37 $96,598.90
77 $96,598.90 $1,020.98 $0.00 $546.18 $98,166.06
78 $98,166.06 $1,020.98 $0.00 $555.05 $99,742.09
79 $99,742.09 $1,020.98 $0.00 $563.96 $101,327.03
80 $101,327.03 $1,020.98 $0.00 $572.92 $102,920.93
81 $102,920.93 $1,020.98 $0.00 $581.93 $104,523.84
82 $104,523.84 $1,020.98 $0.00 $590.99 $106,135.81
83 $106,135.81 $1,020.98 $0.00 $600.11 $107,756.90
84 $107,756.90 $1,020.98 $0.00 $609.27 $109,387.15
85 $109,387.15 $1,020.98 $0.00 $618.49 $111,026.62
86 $111,026.62 $1,020.98 $0.00 $627.76 $112,675.36
87 $112,675.36 $1,020.98 $0.00 $637.08 $114,333.42
88 $114,333.42 $1,020.98 $0.00 $646.46 $116,000.86
89 $116,000.86 $1,020.98 $0.00 $655.89 $117,677.73
90 $117,677.73 $1,020.98 $0.00 $665.37 $119,364.08
91 $119,364.08 $1,020.98 $0.00 $674.90 $121,059.96
92 $121,059.96 $1,020.98 $0.00 $684.49 $122,765.43
93 $122,765.43 $1,020.98 $0.00 $694.13 $124,480.54
94 $124,480.54 $1,020.98 $0.00 $703.83 $126,205.35
95 $126,205.35 $1,020.98 $0.00 $713.58 $127,939.91
96 $127,939.91 $1,020.98 $0.00 $723.39 $129,684.28
97 $129,684.28 $1,020.98 $0.00 $733.25 $131,438.51
98 $131,438.51 $1,020.98 $0.00 $743.17 $133,202.66
99 $133,202.66 $1,020.98 $0.00 $753.15 $134,976.79
100 $134,976.79 $1,020.98 $0.00 $763.18 $136,760.95
101 $136,760.95 $1,020.98 $0.00 $773.27 $138,555.20
102 $138,555.20 $1,020.98 $0.00 $783.41 $140,359.59
103 $140,359.59 $1,020.98 $0.00 $793.61 $142,174.18
104 $142,174.18 $1,020.98 $0.00 $803.87 $143,999.03
105 $143,999.03 $1,020.98 $0.00 $814.19 $145,834.20
106 $145,834.20 $1,020.98 $0.00 $824.57 $147,679.75
107 $147,679.75 $1,020.98 $0.00 $835.00 $149,535.73
108 $149,535.73 $1,020.98 $0.00 $845.50 $151,402.21
109 $151,402.21 $1,020.98 $0.00 $856.05 $153,279.24
110 $153,279.24 $1,020.98 $0.00 $866.66 $155,166.88
111 $155,166.88 $1,020.98 $0.00 $877.34 $157,065.20
112 $157,065.20 $1,020.98 $0.00 $888.07 $158,974.25
113 $158,974.25 $1,020.98 $0.00 $898.86 $160,894.09
114 $160,894.09 $1,020.98 $0.00 $909.72 $162,824.79
115 $162,824.79 $1,020.98 $0.00 $920.64 $164,766.41
116 $164,766.41 $1,020.98 $0.00 $931.61 $166,719.00
117 $166,719.00 $1,020.98 $0.00 $942.65 $168,682.63
118 $168,682.63 $1,020.98 $0.00 $953.76 $170,657.37
119 $170,657.37 $1,020.98 $0.00 $964.92 $172,643.27
120 $172,643.27 $1,020.98 $0.00 $976.15 $174,640.40
121 $174,640.40 $1,020.98 $0.00 $987.44 $176,648.82
122 $176,648.82 $1,020.98 $0.00 $998.80 $178,668.60
123 $178,668.60 $1,020.98 $0.00 $1,010.22 $180,699.80
124 $180,699.80 $1,020.98 $0.00 $1,021.70 $182,742.48
125 $182,742.48 $1,020.98 $0.00 $1,033.25 $184,796.71
126 $184,796.71 $1,020.98 $0.00 $1,044.87 $186,862.56
127 $186,862.56 $1,020.98 $0.00 $1,056.55 $188,940.09
128 $188,940.09 $1,020.98 $0.00 $1,068.29 $191,029.36
129 $191,029.36 $1,020.98 $0.00 $1,080.11 $193,130.45
130 $193,130.45 $1,020.98 $0.00 $1,091.99 $195,243.42
131 $195,243.42 $1,020.98 $0.00 $1,103.93 $197,368.33
132 $197,368.33 $1,020.98 $0.00 $1,115.95 $199,505.26
133 $199,505.26 $1,020.98 $0.00 $1,128.03 $201,654.27
134 $201,654.27 $1,020.98 $0.00 $1,140.18 $203,815.43
135 $203,815.43 $1,020.98 $0.00 $1,152.40 $205,988.81
136 $205,988.81 $1,020.98 $0.00 $1,164.69 $208,174.48
137 $208,174.48 $1,020.98 $0.00 $1,177.05 $210,372.51
138 $210,372.51 $1,020.98 $0.00 $1,189.48 $212,582.97
139 $212,582.97 $1,020.98 $0.00 $1,201.98 $214,805.93
140 $214,805.93 $1,020.98 $0.00 $1,214.54 $217,041.45
141 $217,041.45 $1,020.98 $0.00 $1,227.18 $219,289.61
142 $219,289.61 $1,020.98 $0.00 $1,239.90 $221,550.49
143 $221,550.49 $1,020.98 $0.00 $1,252.68 $223,824.15
144 $223,824.15 $1,020.98 $0.00 $1,265.53 $226,110.66
145 $226,110.66 $1,020.98 $0.00 $1,278.46 $228,410.10
146 $228,410.10 $1,020.98 $0.00 $1,291.46 $230,722.54
147 $230,722.54 $1,020.98 $0.00 $1,304.54 $233,048.06
148 $233,048.06 $1,020.98 $0.00 $1,317.69 $235,386.73
149 $235,386.73 $1,020.98 $0.00 $1,330.91 $237,738.62
150 $237,738.62 $1,020.98 $0.00 $1,344.21 $240,103.81
151 $240,103.81 $1,020.98 $0.00 $1,357.58 $242,482.37
152 $242,482.37 $1,020.98 $0.00 $1,371.03 $244,874.38
153 $244,874.38 $1,020.98 $0.00 $1,384.56 $247,279.92
154 $247,279.92 $1,020.98 $0.00 $1,398.16 $249,699.06
155 $249,699.06 $1,020.98 $0.00 $1,411.83 $252,131.87
156 $252,131.87 $1,020.98 $0.00 $1,425.59 $254,578.44
157 $254,578.44 $1,020.98 $0.00 $1,439.42 $257,038.84
158 $257,038.84 $1,020.98 $0.00 $1,453.33 $259,513.15
159 $259,513.15 $1,020.98 $0.00 $1,467.33 $262,001.46
160 $262,001.46 $1,020.98 $0.00 $1,481.39 $264,503.83
161 $264,503.83 $1,020.98 $0.00 $1,495.54 $267,020.35
162 $267,020.35 $1,020.98 $0.00 $1,509.77 $269,551.10
163 $269,551.10 $1,020.98 $0.00 $1,524.08 $272,096.16
164 $272,096.16 $1,020.98 $0.00 $1,538.47 $274,655.61
165 $274,655.61 $1,020.98 $0.00 $1,552.94 $277,229.53
166 $277,229.53 $1,020.98 $0.00 $1,567.50 $279,818.01
167 $279,818.01 $1,020.98 $0.00 $1,582.13 $282,421.12
168 $282,421.12 $1,020.98 $0.00 $1,596.85 $285,038.95
169 $285,038.95 $1,020.98 $0.00 $1,611.65 $287,671.58
170 $287,671.58 $1,020.98 $0.00 $1,626.54 $290,319.10
171 $290,319.10 $1,020.98 $0.00 $1,641.51 $292,981.59
172 $292,981.59 $1,020.98 $0.00 $1,656.56 $295,659.13
173 $295,659.13 $1,020.98 $0.00 $1,671.70 $298,351.81
174 $298,351.81 $1,020.98 $0.00 $1,686.92 $301,059.71
175 $301,059.71 $1,020.98 $0.00 $1,702.24 $303,782.93
176 $303,782.93 $1,020.98 $0.00 $1,717.63 $306,521.54
177 $306,521.54 $1,020.98 $0.00 $1,733.12 $309,275.64
178 $309,275.64 $1,020.98 $0.00 $1,748.69 $312,045.31
179 $312,045.31 $1,020.98 $0.00 $1,764.35 $314,830.64
180 $314,830.64 $1,020.98 $0.00 $1,780.10 $317,631.72
181 $317,631.72 $1,020.98 $0.00 $1,795.94 $320,448.64
182 $320,448.64 $1,020.98 $0.00 $1,811.86 $323,281.48
183 $323,281.48 $1,020.98 $0.00 $1,827.88 $326,130.34
184 $326,130.34 $1,020.98 $0.00 $1,843.99 $328,995.31
185 $328,995.31 $1,020.98 $0.00 $1,860.19 $331,876.48
186 $331,876.48 $1,020.98 $0.00 $1,876.48 $334,773.94
187 $334,773.94 $1,020.98 $0.00 $1,892.86 $337,687.78
188 $337,687.78 $1,020.98 $0.00 $1,909.34 $340,618.10
189 $340,618.10 $1,020.98 $0.00 $1,925.90 $343,564.98
190 $343,564.98 $1,020.98 $0.00 $1,942.57 $346,528.53
191 $346,528.53 $1,020.98 $0.00 $1,959.32 $349,508.83
192 $349,508.83 $1,020.98 $0.00 $1,976.17 $352,505.98
193 $352,505.98 $1,020.98 $0.00 $1,993.12 $355,520.08
194 $355,520.08 $1,020.98 $0.00 $2,010.16 $358,551.22
195 $358,551.22 $1,020.98 $0.00 $2,027.30 $361,599.50
196 $361,599.50 $1,020.98 $0.00 $2,044.54 $364,665.02
197 $364,665.02 $1,020.98 $0.00 $2,061.87 $367,747.87
198 $367,747.87 $1,020.98 $0.00 $2,079.30 $370,848.15
199 $370,848.15 $1,020.98 $0.00 $2,096.83 $373,965.96
200 $373,965.96 $1,020.98 $0.00 $2,114.46 $377,101.40
201 $377,101.40 $1,020.98 $0.00 $2,132.19 $380,254.57
202 $380,254.57 $1,020.98 $0.00 $2,150.01 $383,425.56
203 $383,425.56 $1,020.98 $0.00 $2,167.94 $386,614.48
204 $386,614.48 $1,020.98 $0.00 $2,185.97 $389,821.43
205 $389,821.43 $1,020.98 $0.00 $2,204.11 $393,046.52
206 $393,046.52 $1,020.98 $0.00 $2,222.34 $396,289.84
207 $396,289.84 $1,020.98 $0.00 $2,240.68 $399,551.50
208 $399,551.50 $1,020.98 $0.00 $2,259.12 $402,831.60
209 $402,831.60 $1,020.98 $0.00 $2,277.67 $406,130.25
210 $406,130.25 $1,020.98 $0.00 $2,296.32 $409,447.55
211 $409,447.55 $1,020.98 $0.00 $2,315.08 $412,783.61
212 $412,783.61 $1,020.98 $0.00 $2,333.94 $416,138.53
213 $416,138.53 $1,020.98 $0.00 $2,352.91 $419,512.42
214 $419,512.42 $1,020.98 $0.00 $2,371.98 $422,905.38
215 $422,905.38 $1,020.98 $0.00 $2,391.17 $426,317.53
216 $426,317.53 $1,020.98 $0.00 $2,410.46 $429,748.97
217 $429,748.97 $1,020.98 $116,384.59 $2,429.86 $316,815.22
218 $316,815.22 $1,020.98 $0.00 $1,791.32 $319,627.52
219 $319,627.52 $1,020.98 $0.00 $1,807.22 $322,455.72
220 $322,455.72 $1,020.98 $0.00 $1,823.21 $325,299.91
221 $325,299.91 $1,020.98 $0.00 $1,839.29 $328,160.18
222 $328,160.18 $1,020.98 $0.00 $1,855.47 $331,036.63
223 $331,036.63 $1,020.98 $0.00 $1,871.73 $333,929.34
224 $333,929.34 $1,020.98 $0.00 $1,888.09 $336,838.41
225 $336,838.41 $1,020.98 $0.00 $1,904.53 $339,763.92
226 $339,763.92 $1,020.98 $0.00 $1,921.07 $342,705.97
227 $342,705.97 $1,020.98 $0.00 $1,937.71 $345,664.66
228 $345,664.66 $1,020.98 $0.00 $1,954.44 $348,640.08
229 $348,640.08 $1,020.98 $124,531.51 $1,971.26 $227,100.81
230 $227,100.81 $1,020.98 $0.00 $1,284.06 $229,405.85
231 $229,405.85 $1,020.98 $0.00 $1,297.09 $231,723.92
232 $231,723.92 $1,020.98 $0.00 $1,310.20 $234,055.10
233 $234,055.10 $1,020.98 $0.00 $1,323.38 $236,399.46
234 $236,399.46 $1,020.98 $0.00 $1,336.64 $238,757.08
235 $238,757.08 $1,020.98 $0.00 $1,349.97 $241,128.03
236 $241,128.03 $1,020.98 $0.00 $1,363.37 $243,512.38
237 $243,512.38 $1,020.98 $0.00 $1,376.85 $245,910.21
238 $245,910.21 $1,020.98 $0.00 $1,390.41 $248,321.60
239 $248,321.60 $1,020.98 $0.00 $1,404.05 $250,746.63
240 $250,746.63 $1,020.98 $0.00 $1,417.76 $253,185.37
241 $253,185.37 $1,020.98 $133,248.71 $1,431.55 $122,389.19
242 $122,389.19 $1,020.98 $0.00 $692.01 $124,102.18
243 $124,102.18 $1,020.98 $0.00 $701.69 $125,824.85
244 $125,824.85 $1,020.98 $0.00 $711.43 $127,557.26
245 $127,557.26 $1,020.98 $0.00 $721.23 $129,299.47
246 $129,299.47 $1,020.98 $0.00 $731.08 $131,051.53
247 $131,051.53 $1,020.98 $0.00 $740.98 $132,813.49
248 $132,813.49 $1,020.98 $0.00 $750.95 $134,585.42
249 $134,585.42 $1,020.98 $0.00 $760.97 $136,367.37
250 $136,367.37 $1,020.98 $0.00 $771.04 $138,159.39
251 $138,159.39 $1,020.98 $0.00 $781.17 $139,961.54
252 $139,961.54 $1,020.98 $0.00 $791.36 $141,773.88
253 $141,773.88 $0.00 $142,576.12 $801.61 -$0.63