Savings Plan and Future Cost Estimation for Altamaha Technical College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$36,252
Monthly savings required$161

How much will it cost to send your child to Altamaha Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $72,504.31 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $161.07 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$10,363.00
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 $161.07 $0.00 $0.00 $161.07
2 $161.07 $161.07 $0.00 $0.91 $323.05
3 $323.05 $161.07 $0.00 $1.83 $485.95
4 $485.95 $161.07 $0.00 $2.75 $649.77
5 $649.77 $161.07 $0.00 $3.67 $814.51
6 $814.51 $161.07 $0.00 $4.61 $980.19
7 $980.19 $161.07 $0.00 $5.54 $1,146.80
8 $1,146.80 $161.07 $0.00 $6.48 $1,314.35
9 $1,314.35 $161.07 $0.00 $7.43 $1,482.85
10 $1,482.85 $161.07 $0.00 $8.38 $1,652.30
11 $1,652.30 $161.07 $0.00 $9.34 $1,822.71
12 $1,822.71 $161.07 $0.00 $10.31 $1,994.09
13 $1,994.09 $161.07 $0.00 $11.27 $2,166.43
14 $2,166.43 $161.07 $0.00 $12.25 $2,339.75
15 $2,339.75 $161.07 $0.00 $13.23 $2,514.05
16 $2,514.05 $161.07 $0.00 $14.21 $2,689.33
17 $2,689.33 $161.07 $0.00 $15.21 $2,865.61
18 $2,865.61 $161.07 $0.00 $16.20 $3,042.88
19 $3,042.88 $161.07 $0.00 $17.20 $3,221.15
20 $3,221.15 $161.07 $0.00 $18.21 $3,400.43
21 $3,400.43 $161.07 $0.00 $19.23 $3,580.73
22 $3,580.73 $161.07 $0.00 $20.25 $3,762.05
23 $3,762.05 $161.07 $0.00 $21.27 $3,944.39
24 $3,944.39 $161.07 $0.00 $22.30 $4,127.76
25 $4,127.76 $161.07 $0.00 $23.34 $4,312.17
26 $4,312.17 $161.07 $0.00 $24.38 $4,497.62
27 $4,497.62 $161.07 $0.00 $25.43 $4,684.12
28 $4,684.12 $161.07 $0.00 $26.48 $4,871.67
29 $4,871.67 $161.07 $0.00 $27.55 $5,060.29
30 $5,060.29 $161.07 $0.00 $28.61 $5,249.97
31 $5,249.97 $161.07 $0.00 $29.68 $5,440.72
32 $5,440.72 $161.07 $0.00 $30.76 $5,632.55
33 $5,632.55 $161.07 $0.00 $31.85 $5,825.47
34 $5,825.47 $161.07 $0.00 $32.94 $6,019.48
35 $6,019.48 $161.07 $0.00 $34.04 $6,214.59
36 $6,214.59 $161.07 $0.00 $35.14 $6,410.80
37 $6,410.80 $161.07 $0.00 $36.25 $6,608.12
38 $6,608.12 $161.07 $0.00 $37.36 $6,806.55
39 $6,806.55 $161.07 $0.00 $38.49 $7,006.11
40 $7,006.11 $161.07 $0.00 $39.61 $7,206.79
41 $7,206.79 $161.07 $0.00 $40.75 $7,408.61
42 $7,408.61 $161.07 $0.00 $41.89 $7,611.57
43 $7,611.57 $161.07 $0.00 $43.04 $7,815.68
44 $7,815.68 $161.07 $0.00 $44.19 $8,020.94
45 $8,020.94 $161.07 $0.00 $45.35 $8,227.36
46 $8,227.36 $161.07 $0.00 $46.52 $8,434.95
47 $8,434.95 $161.07 $0.00 $47.69 $8,643.71
48 $8,643.71 $161.07 $0.00 $48.87 $8,853.65
49 $8,853.65 $161.07 $0.00 $50.06 $9,064.78
50 $9,064.78 $161.07 $0.00 $51.25 $9,277.10
51 $9,277.10 $161.07 $0.00 $52.45 $9,490.62
52 $9,490.62 $161.07 $0.00 $53.66 $9,705.35
53 $9,705.35 $161.07 $0.00 $54.88 $9,921.30
54 $9,921.30 $161.07 $0.00 $56.10 $10,138.47
55 $10,138.47 $161.07 $0.00 $57.32 $10,356.86
56 $10,356.86 $161.07 $0.00 $58.56 $10,576.49
57 $10,576.49 $161.07 $0.00 $59.80 $10,797.36
58 $10,797.36 $161.07 $0.00 $61.05 $11,019.48
59 $11,019.48 $161.07 $0.00 $62.31 $11,242.86
60 $11,242.86 $161.07 $0.00 $63.57 $11,467.50
61 $11,467.50 $161.07 $0.00 $64.84 $11,693.41
62 $11,693.41 $161.07 $0.00 $66.12 $11,920.60
63 $11,920.60 $161.07 $0.00 $67.40 $12,149.07
64 $12,149.07 $161.07 $0.00 $68.69 $12,378.83
65 $12,378.83 $161.07 $0.00 $69.99 $12,609.89
66 $12,609.89 $161.07 $0.00 $71.30 $12,842.26
67 $12,842.26 $161.07 $0.00 $72.61 $13,075.94
68 $13,075.94 $161.07 $0.00 $73.93 $13,310.94
69 $13,310.94 $161.07 $0.00 $75.26 $13,547.27
70 $13,547.27 $161.07 $0.00 $76.60 $13,784.94
71 $13,784.94 $161.07 $0.00 $77.94 $14,023.95
72 $14,023.95 $161.07 $0.00 $79.29 $14,264.31
73 $14,264.31 $161.07 $0.00 $80.65 $14,506.03
74 $14,506.03 $161.07 $0.00 $82.02 $14,749.12
75 $14,749.12 $161.07 $0.00 $83.39 $14,993.58
76 $14,993.58 $161.07 $0.00 $84.78 $15,239.43
77 $15,239.43 $161.07 $0.00 $86.17 $15,486.67
78 $15,486.67 $161.07 $0.00 $87.56 $15,735.30
79 $15,735.30 $161.07 $0.00 $88.97 $15,985.34
80 $15,985.34 $161.07 $0.00 $90.38 $16,236.79
81 $16,236.79 $161.07 $0.00 $91.81 $16,489.67
82 $16,489.67 $161.07 $0.00 $93.23 $16,743.97
83 $16,743.97 $161.07 $0.00 $94.67 $16,999.71
84 $16,999.71 $161.07 $0.00 $96.12 $17,256.90
85 $17,256.90 $161.07 $0.00 $97.57 $17,515.54
86 $17,515.54 $161.07 $0.00 $99.04 $17,775.65
87 $17,775.65 $161.07 $0.00 $100.51 $18,037.23
88 $18,037.23 $161.07 $0.00 $101.99 $18,300.29
89 $18,300.29 $161.07 $0.00 $103.47 $18,564.83
90 $18,564.83 $161.07 $0.00 $104.97 $18,830.87
91 $18,830.87 $161.07 $0.00 $106.47 $19,098.41
92 $19,098.41 $161.07 $0.00 $107.99 $19,367.47
93 $19,367.47 $161.07 $0.00 $109.51 $19,638.05
94 $19,638.05 $161.07 $0.00 $111.04 $19,910.16
95 $19,910.16 $161.07 $0.00 $112.57 $20,183.80
96 $20,183.80 $161.07 $0.00 $114.12 $20,458.99
97 $20,458.99 $161.07 $0.00 $115.68 $20,735.74
98 $20,735.74 $161.07 $0.00 $117.24 $21,014.05
99 $21,014.05 $161.07 $0.00 $118.82 $21,293.94
100 $21,293.94 $161.07 $0.00 $120.40 $21,575.41
101 $21,575.41 $161.07 $0.00 $121.99 $21,858.47
102 $21,858.47 $161.07 $0.00 $123.59 $22,143.13
103 $22,143.13 $161.07 $0.00 $125.20 $22,429.40
104 $22,429.40 $161.07 $0.00 $126.82 $22,717.29
105 $22,717.29 $161.07 $0.00 $128.45 $23,006.81
106 $23,006.81 $161.07 $0.00 $130.08 $23,297.96
107 $23,297.96 $161.07 $0.00 $131.73 $23,590.76
108 $23,590.76 $161.07 $0.00 $133.39 $23,885.22
109 $23,885.22 $161.07 $0.00 $135.05 $24,181.34
110 $24,181.34 $161.07 $0.00 $136.72 $24,479.13
111 $24,479.13 $161.07 $0.00 $138.41 $24,778.61
112 $24,778.61 $161.07 $0.00 $140.10 $25,079.78
113 $25,079.78 $161.07 $0.00 $141.80 $25,382.65
114 $25,382.65 $161.07 $0.00 $143.52 $25,687.24
115 $25,687.24 $161.07 $0.00 $145.24 $25,993.55
116 $25,993.55 $161.07 $0.00 $146.97 $26,301.59
117 $26,301.59 $161.07 $0.00 $148.71 $26,611.37
118 $26,611.37 $161.07 $0.00 $150.46 $26,922.90
119 $26,922.90 $161.07 $0.00 $152.23 $27,236.20
120 $27,236.20 $161.07 $0.00 $154.00 $27,551.27
121 $27,551.27 $161.07 $0.00 $155.78 $27,868.12
122 $27,868.12 $161.07 $0.00 $157.57 $28,186.76
123 $28,186.76 $161.07 $0.00 $159.37 $28,507.20
124 $28,507.20 $161.07 $0.00 $161.18 $28,829.45
125 $28,829.45 $161.07 $0.00 $163.01 $29,153.53
126 $29,153.53 $161.07 $0.00 $164.84 $29,479.44
127 $29,479.44 $161.07 $0.00 $166.68 $29,807.19
128 $29,807.19 $161.07 $0.00 $168.53 $30,136.79
129 $30,136.79 $161.07 $0.00 $170.40 $30,468.26
130 $30,468.26 $161.07 $0.00 $172.27 $30,801.60
131 $30,801.60 $161.07 $0.00 $174.16 $31,136.83
132 $31,136.83 $161.07 $0.00 $176.05 $31,473.95
133 $31,473.95 $161.07 $0.00 $177.96 $31,812.98
134 $31,812.98 $161.07 $0.00 $179.88 $32,153.93
135 $32,153.93 $161.07 $0.00 $181.80 $32,496.80
136 $32,496.80 $161.07 $0.00 $183.74 $32,841.61
137 $32,841.61 $161.07 $0.00 $185.69 $33,188.37
138 $33,188.37 $161.07 $0.00 $187.65 $33,537.09
139 $33,537.09 $161.07 $0.00 $189.62 $33,887.78
140 $33,887.78 $161.07 $0.00 $191.61 $34,240.46
141 $34,240.46 $161.07 $0.00 $193.60 $34,595.13
142 $34,595.13 $161.07 $0.00 $195.61 $34,951.81
143 $34,951.81 $161.07 $0.00 $197.62 $35,310.50
144 $35,310.50 $161.07 $0.00 $199.65 $35,671.22
145 $35,671.22 $161.07 $0.00 $201.69 $36,033.98
146 $36,033.98 $161.07 $0.00 $203.74 $36,398.79
147 $36,398.79 $161.07 $0.00 $205.80 $36,765.66
148 $36,765.66 $161.07 $0.00 $207.88 $37,134.61
149 $37,134.61 $161.07 $0.00 $209.96 $37,505.64
150 $37,505.64 $161.07 $0.00 $212.06 $37,878.77
151 $37,878.77 $161.07 $0.00 $214.17 $38,254.01
152 $38,254.01 $161.07 $0.00 $216.29 $38,631.37
153 $38,631.37 $161.07 $0.00 $218.43 $39,010.87
154 $39,010.87 $161.07 $0.00 $220.57 $39,392.51
155 $39,392.51 $161.07 $0.00 $222.73 $39,776.31
156 $39,776.31 $161.07 $0.00 $224.90 $40,162.28
157 $40,162.28 $161.07 $0.00 $227.08 $40,550.43
158 $40,550.43 $161.07 $0.00 $229.28 $40,940.78
159 $40,940.78 $161.07 $0.00 $231.49 $41,333.34
160 $41,333.34 $161.07 $0.00 $233.70 $41,728.11
161 $41,728.11 $161.07 $0.00 $235.94 $42,125.12
162 $42,125.12 $161.07 $0.00 $238.18 $42,524.37
163 $42,524.37 $161.07 $0.00 $240.44 $42,925.88
164 $42,925.88 $161.07 $0.00 $242.71 $43,329.66
165 $43,329.66 $161.07 $0.00 $244.99 $43,735.72
166 $43,735.72 $161.07 $0.00 $247.29 $44,144.08
167 $44,144.08 $161.07 $0.00 $249.60 $44,554.75
168 $44,554.75 $161.07 $0.00 $251.92 $44,967.74
169 $44,967.74 $161.07 $0.00 $254.25 $45,383.06
170 $45,383.06 $161.07 $0.00 $256.60 $45,800.73
171 $45,800.73 $161.07 $0.00 $258.96 $46,220.76
172 $46,220.76 $161.07 $0.00 $261.34 $46,643.17
173 $46,643.17 $161.07 $0.00 $263.73 $47,067.97
174 $47,067.97 $161.07 $0.00 $266.13 $47,495.17
175 $47,495.17 $161.07 $0.00 $268.54 $47,924.78
176 $47,924.78 $161.07 $0.00 $270.97 $48,356.82
177 $48,356.82 $161.07 $0.00 $273.42 $48,791.31
178 $48,791.31 $161.07 $0.00 $275.87 $49,228.25
179 $49,228.25 $161.07 $0.00 $278.34 $49,667.66
180 $49,667.66 $161.07 $0.00 $280.83 $50,109.56
181 $50,109.56 $161.07 $0.00 $283.33 $50,553.96
182 $50,553.96 $161.07 $0.00 $285.84 $51,000.87
183 $51,000.87 $161.07 $0.00 $288.37 $51,450.31
184 $51,450.31 $161.07 $0.00 $290.91 $51,902.29
185 $51,902.29 $161.07 $0.00 $293.46 $52,356.82
186 $52,356.82 $161.07 $0.00 $296.03 $52,813.92
187 $52,813.92 $161.07 $0.00 $298.62 $53,273.61
188 $53,273.61 $161.07 $0.00 $301.22 $53,735.90
189 $53,735.90 $161.07 $0.00 $303.83 $54,200.80
190 $54,200.80 $161.07 $0.00 $306.46 $54,668.33
191 $54,668.33 $161.07 $0.00 $309.10 $55,138.50
192 $55,138.50 $161.07 $0.00 $311.76 $55,611.33
193 $55,611.33 $161.07 $0.00 $314.43 $56,086.83
194 $56,086.83 $161.07 $0.00 $317.12 $56,565.02
195 $56,565.02 $161.07 $0.00 $319.83 $57,045.92
196 $57,045.92 $161.07 $0.00 $322.55 $57,529.54
197 $57,529.54 $161.07 $0.00 $325.28 $58,015.89
198 $58,015.89 $161.07 $0.00 $328.03 $58,504.99
199 $58,504.99 $161.07 $0.00 $330.80 $58,996.86
200 $58,996.86 $161.07 $0.00 $333.58 $59,491.51
201 $59,491.51 $161.07 $0.00 $336.37 $59,988.95
202 $59,988.95 $161.07 $0.00 $339.19 $60,489.21
203 $60,489.21 $161.07 $0.00 $342.01 $60,992.29
204 $60,992.29 $161.07 $0.00 $344.86 $61,498.22
205 $61,498.22 $161.07 $0.00 $347.72 $62,007.01
206 $62,007.01 $161.07 $0.00 $350.60 $62,518.68
207 $62,518.68 $161.07 $0.00 $353.49 $63,033.24
208 $63,033.24 $161.07 $0.00 $356.40 $63,550.71
209 $63,550.71 $161.07 $0.00 $359.32 $64,071.10
210 $64,071.10 $161.07 $0.00 $362.27 $64,594.44
211 $64,594.44 $161.07 $0.00 $365.23 $65,120.74
212 $65,120.74 $161.07 $0.00 $368.20 $65,650.01
213 $65,650.01 $161.07 $0.00 $371.19 $66,182.27
214 $66,182.27 $161.07 $0.00 $374.20 $66,717.54
215 $66,717.54 $161.07 $0.00 $377.23 $67,255.84
216 $67,255.84 $161.07 $0.00 $380.27 $67,797.18
217 $67,797.18 $161.07 $35,026.24 $383.34 $33,315.35
218 $33,315.35 $161.07 $0.00 $188.37 $33,664.79
219 $33,664.79 $161.07 $0.00 $190.35 $34,016.21
220 $34,016.21 $161.07 $0.00 $192.33 $34,369.61
221 $34,369.61 $161.07 $0.00 $194.33 $34,725.01
222 $34,725.01 $161.07 $0.00 $196.34 $35,082.42
223 $35,082.42 $161.07 $0.00 $198.36 $35,441.85
224 $35,441.85 $161.07 $0.00 $200.39 $35,803.31
225 $35,803.31 $161.07 $0.00 $202.44 $36,166.82
226 $36,166.82 $161.07 $0.00 $204.49 $36,532.38
227 $36,532.38 $161.07 $0.00 $206.56 $36,900.01
228 $36,900.01 $161.07 $0.00 $208.64 $37,269.72
229 $37,269.72 $0.00 $37,478.07 $210.73 $2.38