Savings Plan and Future Cost Estimation for New College of Florida

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$81,325
Monthly savings required$643

How much will it cost to send your child to New College of Florida in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $325,300.38 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $642.74 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$21,677.00
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 $642.74 $0.00 $0.00 $642.74
2 $642.74 $642.74 $0.00 $3.63 $1,289.11
3 $1,289.11 $642.74 $0.00 $7.29 $1,939.14
4 $1,939.14 $642.74 $0.00 $10.96 $2,592.84
5 $2,592.84 $642.74 $0.00 $14.66 $3,250.24
6 $3,250.24 $642.74 $0.00 $18.38 $3,911.36
7 $3,911.36 $642.74 $0.00 $22.12 $4,576.22
8 $4,576.22 $642.74 $0.00 $25.87 $5,244.83
9 $5,244.83 $642.74 $0.00 $29.66 $5,917.23
10 $5,917.23 $642.74 $0.00 $33.46 $6,593.43
11 $6,593.43 $642.74 $0.00 $37.28 $7,273.45
12 $7,273.45 $642.74 $0.00 $41.13 $7,957.32
13 $7,957.32 $642.74 $0.00 $44.99 $8,645.05
14 $8,645.05 $642.74 $0.00 $48.88 $9,336.67
15 $9,336.67 $642.74 $0.00 $52.79 $10,032.20
16 $10,032.20 $642.74 $0.00 $56.72 $10,731.66
17 $10,731.66 $642.74 $0.00 $60.68 $11,435.08
18 $11,435.08 $642.74 $0.00 $64.66 $12,142.48
19 $12,142.48 $642.74 $0.00 $68.66 $12,853.88
20 $12,853.88 $642.74 $0.00 $72.68 $13,569.30
21 $13,569.30 $642.74 $0.00 $76.72 $14,288.76
22 $14,288.76 $642.74 $0.00 $80.79 $15,012.29
23 $15,012.29 $642.74 $0.00 $84.88 $15,739.91
24 $15,739.91 $642.74 $0.00 $89.00 $16,471.65
25 $16,471.65 $642.74 $0.00 $93.13 $17,207.52
26 $17,207.52 $642.74 $0.00 $97.29 $17,947.55
27 $17,947.55 $642.74 $0.00 $101.48 $18,691.77
28 $18,691.77 $642.74 $0.00 $105.69 $19,440.20
29 $19,440.20 $642.74 $0.00 $109.92 $20,192.86
30 $20,192.86 $642.74 $0.00 $114.17 $20,949.77
31 $20,949.77 $642.74 $0.00 $118.45 $21,710.96
32 $21,710.96 $642.74 $0.00 $122.76 $22,476.46
33 $22,476.46 $642.74 $0.00 $127.09 $23,246.29
34 $23,246.29 $642.74 $0.00 $131.44 $24,020.47
35 $24,020.47 $642.74 $0.00 $135.82 $24,799.03
36 $24,799.03 $642.74 $0.00 $140.22 $25,581.99
37 $25,581.99 $642.74 $0.00 $144.64 $26,369.37
38 $26,369.37 $642.74 $0.00 $149.10 $27,161.21
39 $27,161.21 $642.74 $0.00 $153.57 $27,957.52
40 $27,957.52 $642.74 $0.00 $158.08 $28,758.34
41 $28,758.34 $642.74 $0.00 $162.60 $29,563.68
42 $29,563.68 $642.74 $0.00 $167.16 $30,373.58
43 $30,373.58 $642.74 $0.00 $171.74 $31,188.06
44 $31,188.06 $642.74 $0.00 $176.34 $32,007.14
45 $32,007.14 $642.74 $0.00 $180.97 $32,830.85
46 $32,830.85 $642.74 $0.00 $185.63 $33,659.22
47 $33,659.22 $642.74 $0.00 $190.31 $34,492.27
48 $34,492.27 $642.74 $0.00 $195.02 $35,330.03
49 $35,330.03 $642.74 $0.00 $199.76 $36,172.53
50 $36,172.53 $642.74 $0.00 $204.52 $37,019.79
51 $37,019.79 $642.74 $0.00 $209.32 $37,871.85
52 $37,871.85 $642.74 $0.00 $214.13 $38,728.72
53 $38,728.72 $642.74 $0.00 $218.98 $39,590.44
54 $39,590.44 $642.74 $0.00 $223.85 $40,457.03
55 $40,457.03 $642.74 $0.00 $228.75 $41,328.52
56 $41,328.52 $642.74 $0.00 $233.68 $42,204.94
57 $42,204.94 $642.74 $0.00 $238.63 $43,086.31
58 $43,086.31 $642.74 $0.00 $243.62 $43,972.67
59 $43,972.67 $642.74 $0.00 $248.63 $44,864.04
60 $44,864.04 $642.74 $0.00 $253.67 $45,760.45
61 $45,760.45 $642.74 $0.00 $258.74 $46,661.93
62 $46,661.93 $642.74 $0.00 $263.83 $47,568.50
63 $47,568.50 $642.74 $0.00 $268.96 $48,480.20
64 $48,480.20 $642.74 $0.00 $274.11 $49,397.05
65 $49,397.05 $642.74 $0.00 $279.30 $50,319.09
66 $50,319.09 $642.74 $0.00 $284.51 $51,246.34
67 $51,246.34 $642.74 $0.00 $289.75 $52,178.83
68 $52,178.83 $642.74 $0.00 $295.03 $53,116.60
69 $53,116.60 $642.74 $0.00 $300.33 $54,059.67
70 $54,059.67 $642.74 $0.00 $305.66 $55,008.07
71 $55,008.07 $642.74 $0.00 $311.02 $55,961.83
72 $55,961.83 $642.74 $0.00 $316.42 $56,920.99
73 $56,920.99 $642.74 $0.00 $321.84 $57,885.57
74 $57,885.57 $642.74 $0.00 $327.29 $58,855.60
75 $58,855.60 $642.74 $0.00 $332.78 $59,831.12
76 $59,831.12 $642.74 $0.00 $338.29 $60,812.15
77 $60,812.15 $642.74 $0.00 $343.84 $61,798.73
78 $61,798.73 $642.74 $0.00 $349.42 $62,790.89
79 $62,790.89 $642.74 $0.00 $355.03 $63,788.66
80 $63,788.66 $642.74 $0.00 $360.67 $64,792.07
81 $64,792.07 $642.74 $0.00 $366.34 $65,801.15
82 $65,801.15 $642.74 $0.00 $372.05 $66,815.94
83 $66,815.94 $642.74 $0.00 $377.79 $67,836.47
84 $67,836.47 $642.74 $0.00 $383.56 $68,862.77
85 $68,862.77 $642.74 $0.00 $389.36 $69,894.87
86 $69,894.87 $642.74 $0.00 $395.20 $70,932.81
87 $70,932.81 $642.74 $0.00 $401.06 $71,976.61
88 $71,976.61 $642.74 $0.00 $406.97 $73,026.32
89 $73,026.32 $642.74 $0.00 $412.90 $74,081.96
90 $74,081.96 $642.74 $0.00 $418.87 $75,143.57
91 $75,143.57 $642.74 $0.00 $424.87 $76,211.18
92 $76,211.18 $642.74 $0.00 $430.91 $77,284.83
93 $77,284.83 $642.74 $0.00 $436.98 $78,364.55
94 $78,364.55 $642.74 $0.00 $443.08 $79,450.37
95 $79,450.37 $642.74 $0.00 $449.22 $80,542.33
96 $80,542.33 $642.74 $0.00 $455.40 $81,640.47
97 $81,640.47 $642.74 $0.00 $461.61 $82,744.82
98 $82,744.82 $642.74 $0.00 $467.85 $83,855.41
99 $83,855.41 $642.74 $0.00 $474.13 $84,972.28
100 $84,972.28 $642.74 $0.00 $480.45 $86,095.47
101 $86,095.47 $642.74 $0.00 $486.80 $87,225.01
102 $87,225.01 $642.74 $0.00 $493.18 $88,360.93
103 $88,360.93 $642.74 $0.00 $499.61 $89,503.28
104 $89,503.28 $642.74 $0.00 $506.06 $90,652.08
105 $90,652.08 $642.74 $0.00 $512.56 $91,807.38
106 $91,807.38 $642.74 $0.00 $519.09 $92,969.21
107 $92,969.21 $642.74 $0.00 $525.66 $94,137.61
108 $94,137.61 $642.74 $0.00 $532.27 $95,312.62
109 $95,312.62 $642.74 $0.00 $538.91 $96,494.27
110 $96,494.27 $642.74 $0.00 $545.59 $97,682.60
111 $97,682.60 $642.74 $0.00 $552.31 $98,877.65
112 $98,877.65 $642.74 $0.00 $559.07 $100,079.46
113 $100,079.46 $642.74 $0.00 $565.86 $101,288.06
114 $101,288.06 $642.74 $0.00 $572.70 $102,503.50
115 $102,503.50 $642.74 $0.00 $579.57 $103,725.81
116 $103,725.81 $642.74 $0.00 $586.48 $104,955.03
117 $104,955.03 $642.74 $0.00 $593.43 $106,191.20
118 $106,191.20 $642.74 $0.00 $600.42 $107,434.36
119 $107,434.36 $642.74 $0.00 $607.45 $108,684.55
120 $108,684.55 $642.74 $0.00 $614.52 $109,941.81
121 $109,941.81 $642.74 $0.00 $621.63 $111,206.18
122 $111,206.18 $642.74 $0.00 $628.78 $112,477.70
123 $112,477.70 $642.74 $0.00 $635.97 $113,756.41
124 $113,756.41 $642.74 $0.00 $643.20 $115,042.35
125 $115,042.35 $642.74 $0.00 $650.47 $116,335.56
126 $116,335.56 $642.74 $0.00 $657.78 $117,636.08
127 $117,636.08 $642.74 $0.00 $665.13 $118,943.95
128 $118,943.95 $642.74 $0.00 $672.53 $120,259.22
129 $120,259.22 $642.74 $0.00 $679.96 $121,581.92
130 $121,581.92 $642.74 $0.00 $687.44 $122,912.10
131 $122,912.10 $642.74 $0.00 $694.96 $124,249.80
132 $124,249.80 $642.74 $0.00 $702.53 $125,595.07
133 $125,595.07 $642.74 $0.00 $710.13 $126,947.94
134 $126,947.94 $642.74 $0.00 $717.78 $128,308.46
135 $128,308.46 $642.74 $0.00 $725.47 $129,676.67
136 $129,676.67 $642.74 $0.00 $733.21 $131,052.62
137 $131,052.62 $642.74 $0.00 $740.99 $132,436.35
138 $132,436.35 $642.74 $0.00 $748.81 $133,827.90
139 $133,827.90 $642.74 $0.00 $756.68 $135,227.32
140 $135,227.32 $642.74 $0.00 $764.59 $136,634.65
141 $136,634.65 $642.74 $0.00 $772.55 $138,049.94
142 $138,049.94 $642.74 $0.00 $780.55 $139,473.23
143 $139,473.23 $642.74 $0.00 $788.60 $140,904.57
144 $140,904.57 $642.74 $0.00 $796.69 $142,344.00
145 $142,344.00 $642.74 $0.00 $804.83 $143,791.57
146 $143,791.57 $642.74 $0.00 $813.02 $145,247.33
147 $145,247.33 $642.74 $0.00 $821.25 $146,711.32
148 $146,711.32 $642.74 $0.00 $829.53 $148,183.59
149 $148,183.59 $642.74 $0.00 $837.85 $149,664.18
150 $149,664.18 $642.74 $0.00 $846.22 $151,153.14
151 $151,153.14 $642.74 $0.00 $854.64 $152,650.52
152 $152,650.52 $642.74 $0.00 $863.11 $154,156.37
153 $154,156.37 $642.74 $0.00 $871.62 $155,670.73
154 $155,670.73 $642.74 $0.00 $880.18 $157,193.65
155 $157,193.65 $642.74 $0.00 $888.80 $158,725.19
156 $158,725.19 $642.74 $0.00 $897.46 $160,265.39
157 $160,265.39 $642.74 $0.00 $906.16 $161,814.29
158 $161,814.29 $642.74 $0.00 $914.92 $163,371.95
159 $163,371.95 $642.74 $0.00 $923.73 $164,938.42
160 $164,938.42 $642.74 $0.00 $932.59 $166,513.75
161 $166,513.75 $642.74 $0.00 $941.49 $168,097.98
162 $168,097.98 $642.74 $0.00 $950.45 $169,691.17
163 $169,691.17 $642.74 $0.00 $959.46 $171,293.37
164 $171,293.37 $642.74 $0.00 $968.52 $172,904.63
165 $172,904.63 $642.74 $0.00 $977.63 $174,525.00
166 $174,525.00 $642.74 $0.00 $986.79 $176,154.53
167 $176,154.53 $642.74 $0.00 $996.00 $177,793.27
168 $177,793.27 $642.74 $0.00 $1,005.27 $179,441.28
169 $179,441.28 $642.74 $0.00 $1,014.59 $181,098.61
170 $181,098.61 $642.74 $0.00 $1,023.96 $182,765.31
171 $182,765.31 $642.74 $0.00 $1,033.38 $184,441.43
172 $184,441.43 $642.74 $0.00 $1,042.86 $186,127.03
173 $186,127.03 $642.74 $0.00 $1,052.39 $187,822.16
174 $187,822.16 $642.74 $0.00 $1,061.97 $189,526.87
175 $189,526.87 $642.74 $0.00 $1,071.61 $191,241.22
176 $191,241.22 $642.74 $0.00 $1,081.31 $192,965.27
177 $192,965.27 $642.74 $0.00 $1,091.05 $194,699.06
178 $194,699.06 $642.74 $0.00 $1,100.86 $196,442.66
179 $196,442.66 $642.74 $0.00 $1,110.72 $198,196.12
180 $198,196.12 $642.74 $0.00 $1,120.63 $199,959.49
181 $199,959.49 $642.74 $0.00 $1,130.60 $201,732.83
182 $201,732.83 $642.74 $0.00 $1,140.63 $203,516.20
183 $203,516.20 $642.74 $0.00 $1,150.71 $205,309.65
184 $205,309.65 $642.74 $0.00 $1,160.85 $207,113.24
185 $207,113.24 $642.74 $0.00 $1,171.05 $208,927.03
186 $208,927.03 $642.74 $0.00 $1,181.30 $210,751.07
187 $210,751.07 $642.74 $0.00 $1,191.62 $212,585.43
188 $212,585.43 $642.74 $0.00 $1,201.99 $214,430.16
189 $214,430.16 $642.74 $0.00 $1,212.42 $216,285.32
190 $216,285.32 $642.74 $0.00 $1,222.91 $218,150.97
191 $218,150.97 $642.74 $0.00 $1,233.46 $220,027.17
192 $220,027.17 $642.74 $0.00 $1,244.07 $221,913.98
193 $221,913.98 $642.74 $0.00 $1,254.73 $223,811.45
194 $223,811.45 $642.74 $0.00 $1,265.46 $225,719.65
195 $225,719.65 $642.74 $0.00 $1,276.25 $227,638.64
196 $227,638.64 $642.74 $0.00 $1,287.10 $229,568.48
197 $229,568.48 $642.74 $0.00 $1,298.01 $231,509.23
198 $231,509.23 $642.74 $0.00 $1,308.99 $233,460.96
199 $233,460.96 $642.74 $0.00 $1,320.02 $235,423.72
200 $235,423.72 $642.74 $0.00 $1,331.12 $237,397.58
201 $237,397.58 $642.74 $0.00 $1,342.28 $239,382.60
202 $239,382.60 $642.74 $0.00 $1,353.50 $241,378.84
203 $241,378.84 $642.74 $0.00 $1,364.79 $243,386.37
204 $243,386.37 $642.74 $0.00 $1,376.14 $245,405.25
205 $245,405.25 $642.74 $0.00 $1,387.56 $247,435.55
206 $247,435.55 $642.74 $0.00 $1,399.04 $249,477.33
207 $249,477.33 $642.74 $0.00 $1,410.58 $251,530.65
208 $251,530.65 $642.74 $0.00 $1,422.19 $253,595.58
209 $253,595.58 $642.74 $0.00 $1,433.87 $255,672.19
210 $255,672.19 $642.74 $0.00 $1,445.61 $257,760.54
211 $257,760.54 $642.74 $0.00 $1,457.42 $259,860.70
212 $259,860.70 $642.74 $0.00 $1,469.29 $261,972.73
213 $261,972.73 $642.74 $0.00 $1,481.23 $264,096.70
214 $264,096.70 $642.74 $0.00 $1,493.24 $266,232.68
215 $266,232.68 $642.74 $0.00 $1,505.32 $268,380.74
216 $268,380.74 $642.74 $0.00 $1,517.46 $270,540.94
217 $270,540.94 $642.74 $73,266.79 $1,529.68 $199,446.57
218 $199,446.57 $642.74 $0.00 $1,127.70 $201,217.01
219 $201,217.01 $642.74 $0.00 $1,137.71 $202,997.46
220 $202,997.46 $642.74 $0.00 $1,147.78 $204,787.98
221 $204,787.98 $642.74 $0.00 $1,157.90 $206,588.62
222 $206,588.62 $642.74 $0.00 $1,168.08 $208,399.44
223 $208,399.44 $642.74 $0.00 $1,178.32 $210,220.50
224 $210,220.50 $642.74 $0.00 $1,188.62 $212,051.86
225 $212,051.86 $642.74 $0.00 $1,198.97 $213,893.57
226 $213,893.57 $642.74 $0.00 $1,209.39 $215,745.70
227 $215,745.70 $642.74 $0.00 $1,219.86 $217,608.30
228 $217,608.30 $642.74 $0.00 $1,230.39 $219,481.43
229 $219,481.43 $642.74 $78,395.47 $1,240.98 $142,969.68
230 $142,969.68 $642.74 $0.00 $808.37 $144,420.79
231 $144,420.79 $642.74 $0.00 $816.58 $145,880.11
232 $145,880.11 $642.74 $0.00 $824.83 $147,347.68
233 $147,347.68 $642.74 $0.00 $833.13 $148,823.55
234 $148,823.55 $642.74 $0.00 $841.47 $150,307.76
235 $150,307.76 $642.74 $0.00 $849.86 $151,800.36
236 $151,800.36 $642.74 $0.00 $858.30 $153,301.40
237 $153,301.40 $642.74 $0.00 $866.79 $154,810.93
238 $154,810.93 $642.74 $0.00 $875.32 $156,328.99
239 $156,328.99 $642.74 $0.00 $883.91 $157,855.64
240 $157,855.64 $642.74 $0.00 $892.54 $159,390.92
241 $159,390.92 $642.74 $83,883.15 $901.22 $77,051.73
242 $77,051.73 $642.74 $0.00 $435.66 $78,130.13
243 $78,130.13 $642.74 $0.00 $441.76 $79,214.63
244 $79,214.63 $642.74 $0.00 $447.89 $80,305.26
245 $80,305.26 $642.74 $0.00 $454.06 $81,402.06
246 $81,402.06 $642.74 $0.00 $460.26 $82,505.06
247 $82,505.06 $642.74 $0.00 $466.50 $83,614.30
248 $83,614.30 $642.74 $0.00 $472.77 $84,729.81
249 $84,729.81 $642.74 $0.00 $479.07 $85,851.62
250 $85,851.62 $642.74 $0.00 $485.42 $86,979.78
251 $86,979.78 $642.74 $0.00 $491.80 $88,114.32
252 $88,114.32 $642.74 $0.00 $498.21 $89,255.27
253 $89,255.27 $0.00 $89,754.97 $504.66 $4.96