Savings Plan and Future Cost Estimation for Brewton Parker College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$132,648
Monthly savings required$1,048

How much will it cost to send your child to Brewton Parker College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $530,592.13 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,048.35 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$35,357.00
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 $1,048.35 $0.00 $0.00 $1,048.35
2 $1,048.35 $1,048.35 $0.00 $5.93 $2,102.63
3 $2,102.63 $1,048.35 $0.00 $11.89 $3,162.87
4 $3,162.87 $1,048.35 $0.00 $17.88 $4,229.10
5 $4,229.10 $1,048.35 $0.00 $23.91 $5,301.36
6 $5,301.36 $1,048.35 $0.00 $29.97 $6,379.68
7 $6,379.68 $1,048.35 $0.00 $36.07 $7,464.10
8 $7,464.10 $1,048.35 $0.00 $42.20 $8,554.65
9 $8,554.65 $1,048.35 $0.00 $48.37 $9,651.37
10 $9,651.37 $1,048.35 $0.00 $54.57 $10,754.29
11 $10,754.29 $1,048.35 $0.00 $60.81 $11,863.45
12 $11,863.45 $1,048.35 $0.00 $67.08 $12,978.88
13 $12,978.88 $1,048.35 $0.00 $73.38 $14,100.61
14 $14,100.61 $1,048.35 $0.00 $79.73 $15,228.69
15 $15,228.69 $1,048.35 $0.00 $86.11 $16,363.15
16 $16,363.15 $1,048.35 $0.00 $92.52 $17,504.02
17 $17,504.02 $1,048.35 $0.00 $98.97 $18,651.34
18 $18,651.34 $1,048.35 $0.00 $105.46 $19,805.15
19 $19,805.15 $1,048.35 $0.00 $111.98 $20,965.48
20 $20,965.48 $1,048.35 $0.00 $118.54 $22,132.37
21 $22,132.37 $1,048.35 $0.00 $125.14 $23,305.86
22 $23,305.86 $1,048.35 $0.00 $131.77 $24,485.98
23 $24,485.98 $1,048.35 $0.00 $138.45 $25,672.78
24 $25,672.78 $1,048.35 $0.00 $145.16 $26,866.29
25 $26,866.29 $1,048.35 $0.00 $151.91 $28,066.55
26 $28,066.55 $1,048.35 $0.00 $158.69 $29,273.59
27 $29,273.59 $1,048.35 $0.00 $165.52 $30,487.46
28 $30,487.46 $1,048.35 $0.00 $172.38 $31,708.19
29 $31,708.19 $1,048.35 $0.00 $179.28 $32,935.82
30 $32,935.82 $1,048.35 $0.00 $186.22 $34,170.39
31 $34,170.39 $1,048.35 $0.00 $193.20 $35,411.94
32 $35,411.94 $1,048.35 $0.00 $200.22 $36,660.51
33 $36,660.51 $1,048.35 $0.00 $207.28 $37,916.14
34 $37,916.14 $1,048.35 $0.00 $214.38 $39,178.87
35 $39,178.87 $1,048.35 $0.00 $221.52 $40,448.74
36 $40,448.74 $1,048.35 $0.00 $228.70 $41,725.79
37 $41,725.79 $1,048.35 $0.00 $235.92 $43,010.06
38 $43,010.06 $1,048.35 $0.00 $243.19 $44,301.60
39 $44,301.60 $1,048.35 $0.00 $250.49 $45,600.44
40 $45,600.44 $1,048.35 $0.00 $257.83 $46,906.62
41 $46,906.62 $1,048.35 $0.00 $265.22 $48,220.19
42 $48,220.19 $1,048.35 $0.00 $272.64 $49,541.18
43 $49,541.18 $1,048.35 $0.00 $280.11 $50,869.64
44 $50,869.64 $1,048.35 $0.00 $287.62 $52,205.61
45 $52,205.61 $1,048.35 $0.00 $295.18 $53,549.14
46 $53,549.14 $1,048.35 $0.00 $302.77 $54,900.26
47 $54,900.26 $1,048.35 $0.00 $310.41 $56,259.02
48 $56,259.02 $1,048.35 $0.00 $318.10 $57,625.47
49 $57,625.47 $1,048.35 $0.00 $325.82 $58,999.64
50 $58,999.64 $1,048.35 $0.00 $333.59 $60,381.58
51 $60,381.58 $1,048.35 $0.00 $341.41 $61,771.34
52 $61,771.34 $1,048.35 $0.00 $349.26 $63,168.95
53 $63,168.95 $1,048.35 $0.00 $357.17 $64,574.47
54 $64,574.47 $1,048.35 $0.00 $365.11 $65,987.93
55 $65,987.93 $1,048.35 $0.00 $373.11 $67,409.39
56 $67,409.39 $1,048.35 $0.00 $381.14 $68,838.88
57 $68,838.88 $1,048.35 $0.00 $389.23 $70,276.46
58 $70,276.46 $1,048.35 $0.00 $397.35 $71,722.16
59 $71,722.16 $1,048.35 $0.00 $405.53 $73,176.04
60 $73,176.04 $1,048.35 $0.00 $413.75 $74,638.14
61 $74,638.14 $1,048.35 $0.00 $422.01 $76,108.50
62 $76,108.50 $1,048.35 $0.00 $430.33 $77,587.18
63 $77,587.18 $1,048.35 $0.00 $438.69 $79,074.22
64 $79,074.22 $1,048.35 $0.00 $447.10 $80,569.67
65 $80,569.67 $1,048.35 $0.00 $455.55 $82,073.57
66 $82,073.57 $1,048.35 $0.00 $464.06 $83,585.98
67 $83,585.98 $1,048.35 $0.00 $472.61 $85,106.94
68 $85,106.94 $1,048.35 $0.00 $481.21 $86,636.50
69 $86,636.50 $1,048.35 $0.00 $489.86 $88,174.71
70 $88,174.71 $1,048.35 $0.00 $498.55 $89,721.61
71 $89,721.61 $1,048.35 $0.00 $507.30 $91,277.26
72 $91,277.26 $1,048.35 $0.00 $516.09 $92,841.70
73 $92,841.70 $1,048.35 $0.00 $524.94 $94,414.99
74 $94,414.99 $1,048.35 $0.00 $533.84 $95,997.18
75 $95,997.18 $1,048.35 $0.00 $542.78 $97,588.31
76 $97,588.31 $1,048.35 $0.00 $551.78 $99,188.44
77 $99,188.44 $1,048.35 $0.00 $560.83 $100,797.62
78 $100,797.62 $1,048.35 $0.00 $569.92 $102,415.89
79 $102,415.89 $1,048.35 $0.00 $579.07 $104,043.31
80 $104,043.31 $1,048.35 $0.00 $588.28 $105,679.94
81 $105,679.94 $1,048.35 $0.00 $597.53 $107,325.82
82 $107,325.82 $1,048.35 $0.00 $606.84 $108,981.01
83 $108,981.01 $1,048.35 $0.00 $616.19 $110,645.55
84 $110,645.55 $1,048.35 $0.00 $625.61 $112,319.51
85 $112,319.51 $1,048.35 $0.00 $635.07 $114,002.93
86 $114,002.93 $1,048.35 $0.00 $644.59 $115,695.87
87 $115,695.87 $1,048.35 $0.00 $654.16 $117,398.38
88 $117,398.38 $1,048.35 $0.00 $663.79 $119,110.52
89 $119,110.52 $1,048.35 $0.00 $673.47 $120,832.34
90 $120,832.34 $1,048.35 $0.00 $683.20 $122,563.89
91 $122,563.89 $1,048.35 $0.00 $692.99 $124,305.23
92 $124,305.23 $1,048.35 $0.00 $702.84 $126,056.42
93 $126,056.42 $1,048.35 $0.00 $712.74 $127,817.51
94 $127,817.51 $1,048.35 $0.00 $722.70 $129,588.56
95 $129,588.56 $1,048.35 $0.00 $732.71 $131,369.62
96 $131,369.62 $1,048.35 $0.00 $742.78 $133,160.75
97 $133,160.75 $1,048.35 $0.00 $752.91 $134,962.01
98 $134,962.01 $1,048.35 $0.00 $763.09 $136,773.45
99 $136,773.45 $1,048.35 $0.00 $773.34 $138,595.14
100 $138,595.14 $1,048.35 $0.00 $783.64 $140,427.13
101 $140,427.13 $1,048.35 $0.00 $794.00 $142,269.48
102 $142,269.48 $1,048.35 $0.00 $804.41 $144,122.24
103 $144,122.24 $1,048.35 $0.00 $814.89 $145,985.48
104 $145,985.48 $1,048.35 $0.00 $825.42 $147,859.25
105 $147,859.25 $1,048.35 $0.00 $836.02 $149,743.62
106 $149,743.62 $1,048.35 $0.00 $846.67 $151,638.64
107 $151,638.64 $1,048.35 $0.00 $857.39 $153,544.38
108 $153,544.38 $1,048.35 $0.00 $868.16 $155,460.89
109 $155,460.89 $1,048.35 $0.00 $879.00 $157,388.24
110 $157,388.24 $1,048.35 $0.00 $889.90 $159,326.49
111 $159,326.49 $1,048.35 $0.00 $900.86 $161,275.70
112 $161,275.70 $1,048.35 $0.00 $911.88 $163,235.93
113 $163,235.93 $1,048.35 $0.00 $922.96 $165,207.24
114 $165,207.24 $1,048.35 $0.00 $934.11 $167,189.70
115 $167,189.70 $1,048.35 $0.00 $945.31 $169,183.36
116 $169,183.36 $1,048.35 $0.00 $956.59 $171,188.30
117 $171,188.30 $1,048.35 $0.00 $967.92 $173,204.57
118 $173,204.57 $1,048.35 $0.00 $979.32 $175,232.24
119 $175,232.24 $1,048.35 $0.00 $990.79 $177,271.38
120 $177,271.38 $1,048.35 $0.00 $1,002.32 $179,322.05
121 $179,322.05 $1,048.35 $0.00 $1,013.91 $181,384.31
122 $181,384.31 $1,048.35 $0.00 $1,025.57 $183,458.23
123 $183,458.23 $1,048.35 $0.00 $1,037.30 $185,543.88
124 $185,543.88 $1,048.35 $0.00 $1,049.09 $187,641.32
125 $187,641.32 $1,048.35 $0.00 $1,060.95 $189,750.62
126 $189,750.62 $1,048.35 $0.00 $1,072.88 $191,871.85
127 $191,871.85 $1,048.35 $0.00 $1,084.87 $194,005.07
128 $194,005.07 $1,048.35 $0.00 $1,096.93 $196,150.35
129 $196,150.35 $1,048.35 $0.00 $1,109.06 $198,307.76
130 $198,307.76 $1,048.35 $0.00 $1,121.26 $200,477.37
131 $200,477.37 $1,048.35 $0.00 $1,133.53 $202,659.25
132 $202,659.25 $1,048.35 $0.00 $1,145.86 $204,853.46
133 $204,853.46 $1,048.35 $0.00 $1,158.27 $207,060.08
134 $207,060.08 $1,048.35 $0.00 $1,170.75 $209,279.18
135 $209,279.18 $1,048.35 $0.00 $1,183.29 $211,510.82
136 $211,510.82 $1,048.35 $0.00 $1,195.91 $213,755.08
137 $213,755.08 $1,048.35 $0.00 $1,208.60 $216,012.03
138 $216,012.03 $1,048.35 $0.00 $1,221.36 $218,281.74
139 $218,281.74 $1,048.35 $0.00 $1,234.20 $220,564.29
140 $220,564.29 $1,048.35 $0.00 $1,247.10 $222,859.74
141 $222,859.74 $1,048.35 $0.00 $1,260.08 $225,168.17
142 $225,168.17 $1,048.35 $0.00 $1,273.13 $227,489.65
143 $227,489.65 $1,048.35 $0.00 $1,286.26 $229,824.26
144 $229,824.26 $1,048.35 $0.00 $1,299.46 $232,172.07
145 $232,172.07 $1,048.35 $0.00 $1,312.73 $234,533.15
146 $234,533.15 $1,048.35 $0.00 $1,326.08 $236,907.58
147 $236,907.58 $1,048.35 $0.00 $1,339.51 $239,295.44
148 $239,295.44 $1,048.35 $0.00 $1,353.01 $241,696.80
149 $241,696.80 $1,048.35 $0.00 $1,366.59 $244,111.74
150 $244,111.74 $1,048.35 $0.00 $1,380.24 $246,540.33
151 $246,540.33 $1,048.35 $0.00 $1,393.97 $248,982.65
152 $248,982.65 $1,048.35 $0.00 $1,407.78 $251,438.78
153 $251,438.78 $1,048.35 $0.00 $1,421.67 $253,908.80
154 $253,908.80 $1,048.35 $0.00 $1,435.64 $256,392.79
155 $256,392.79 $1,048.35 $0.00 $1,449.68 $258,890.82
156 $258,890.82 $1,048.35 $0.00 $1,463.81 $261,402.98
157 $261,402.98 $1,048.35 $0.00 $1,478.01 $263,929.34
158 $263,929.34 $1,048.35 $0.00 $1,492.29 $266,469.98
159 $266,469.98 $1,048.35 $0.00 $1,506.66 $269,024.99
160 $269,024.99 $1,048.35 $0.00 $1,521.11 $271,594.45
161 $271,594.45 $1,048.35 $0.00 $1,535.63 $274,178.43
162 $274,178.43 $1,048.35 $0.00 $1,550.24 $276,777.02
163 $276,777.02 $1,048.35 $0.00 $1,564.94 $279,390.31
164 $279,390.31 $1,048.35 $0.00 $1,579.71 $282,018.37
165 $282,018.37 $1,048.35 $0.00 $1,594.57 $284,661.29
166 $284,661.29 $1,048.35 $0.00 $1,609.52 $287,319.16
167 $287,319.16 $1,048.35 $0.00 $1,624.54 $289,992.05
168 $289,992.05 $1,048.35 $0.00 $1,639.66 $292,680.06
169 $292,680.06 $1,048.35 $0.00 $1,654.86 $295,383.27
170 $295,383.27 $1,048.35 $0.00 $1,670.14 $298,101.76
171 $298,101.76 $1,048.35 $0.00 $1,685.51 $300,835.62
172 $300,835.62 $1,048.35 $0.00 $1,700.97 $303,584.94
173 $303,584.94 $1,048.35 $0.00 $1,716.51 $306,349.80
174 $306,349.80 $1,048.35 $0.00 $1,732.15 $309,130.30
175 $309,130.30 $1,048.35 $0.00 $1,747.87 $311,926.52
176 $311,926.52 $1,048.35 $0.00 $1,763.68 $314,738.55
177 $314,738.55 $1,048.35 $0.00 $1,779.58 $317,566.48
178 $317,566.48 $1,048.35 $0.00 $1,795.57 $320,410.40
179 $320,410.40 $1,048.35 $0.00 $1,811.65 $323,270.40
180 $323,270.40 $1,048.35 $0.00 $1,827.82 $326,146.57
181 $326,146.57 $1,048.35 $0.00 $1,844.08 $329,039.00
182 $329,039.00 $1,048.35 $0.00 $1,860.43 $331,947.78
183 $331,947.78 $1,048.35 $0.00 $1,876.88 $334,873.01
184 $334,873.01 $1,048.35 $0.00 $1,893.42 $337,814.78
185 $337,814.78 $1,048.35 $0.00 $1,910.05 $340,773.18
186 $340,773.18 $1,048.35 $0.00 $1,926.78 $343,748.31
187 $343,748.31 $1,048.35 $0.00 $1,943.60 $346,740.26
188 $346,740.26 $1,048.35 $0.00 $1,960.52 $349,749.13
189 $349,749.13 $1,048.35 $0.00 $1,977.53 $352,775.01
190 $352,775.01 $1,048.35 $0.00 $1,994.64 $355,818.00
191 $355,818.00 $1,048.35 $0.00 $2,011.85 $358,878.20
192 $358,878.20 $1,048.35 $0.00 $2,029.15 $361,955.70
193 $361,955.70 $1,048.35 $0.00 $2,046.55 $365,050.60
194 $365,050.60 $1,048.35 $0.00 $2,064.05 $368,163.00
195 $368,163.00 $1,048.35 $0.00 $2,081.65 $371,293.00
196 $371,293.00 $1,048.35 $0.00 $2,099.34 $374,440.69
197 $374,440.69 $1,048.35 $0.00 $2,117.14 $377,606.18
198 $377,606.18 $1,048.35 $0.00 $2,135.04 $380,789.57
199 $380,789.57 $1,048.35 $0.00 $2,153.04 $383,990.96
200 $383,990.96 $1,048.35 $0.00 $2,171.14 $387,210.45
201 $387,210.45 $1,048.35 $0.00 $2,189.34 $390,448.14
202 $390,448.14 $1,048.35 $0.00 $2,207.65 $393,704.14
203 $393,704.14 $1,048.35 $0.00 $2,226.06 $396,978.55
204 $396,978.55 $1,048.35 $0.00 $2,244.57 $400,271.47
205 $400,271.47 $1,048.35 $0.00 $2,263.19 $403,583.01
206 $403,583.01 $1,048.35 $0.00 $2,281.92 $406,913.28
207 $406,913.28 $1,048.35 $0.00 $2,300.75 $410,262.38
208 $410,262.38 $1,048.35 $0.00 $2,319.68 $413,630.41
209 $413,630.41 $1,048.35 $0.00 $2,338.73 $417,017.49
210 $417,017.49 $1,048.35 $0.00 $2,357.88 $420,423.72
211 $420,423.72 $1,048.35 $0.00 $2,377.14 $423,849.21
212 $423,849.21 $1,048.35 $0.00 $2,396.51 $427,294.07
213 $427,294.07 $1,048.35 $0.00 $2,415.98 $430,758.40
214 $430,758.40 $1,048.35 $0.00 $2,435.57 $434,242.32
215 $434,242.32 $1,048.35 $0.00 $2,455.27 $437,745.94
216 $437,745.94 $1,048.35 $0.00 $2,475.08 $441,269.37
217 $441,269.37 $1,048.35 $119,504.27 $2,495.00 $325,308.45
218 $325,308.45 $1,048.35 $0.00 $1,839.34 $328,196.14
219 $328,196.14 $1,048.35 $0.00 $1,855.67 $331,100.16
220 $331,100.16 $1,048.35 $0.00 $1,872.09 $334,020.60
221 $334,020.60 $1,048.35 $0.00 $1,888.60 $336,957.55
222 $336,957.55 $1,048.35 $0.00 $1,905.21 $339,911.11
223 $339,911.11 $1,048.35 $0.00 $1,921.91 $342,881.37
224 $342,881.37 $1,048.35 $0.00 $1,938.70 $345,868.42
225 $345,868.42 $1,048.35 $0.00 $1,955.59 $348,872.36
226 $348,872.36 $1,048.35 $0.00 $1,972.58 $351,893.29
227 $351,893.29 $1,048.35 $0.00 $1,989.66 $354,931.30
228 $354,931.30 $1,048.35 $0.00 $2,006.83 $357,986.48
229 $357,986.48 $1,048.35 $127,869.56 $2,024.11 $233,189.38
230 $233,189.38 $1,048.35 $0.00 $1,318.49 $235,556.22
231 $235,556.22 $1,048.35 $0.00 $1,331.87 $237,936.44
232 $237,936.44 $1,048.35 $0.00 $1,345.33 $240,330.12
233 $240,330.12 $1,048.35 $0.00 $1,358.86 $242,737.33
234 $242,737.33 $1,048.35 $0.00 $1,372.47 $245,158.15
235 $245,158.15 $1,048.35 $0.00 $1,386.16 $247,592.66
236 $247,592.66 $1,048.35 $0.00 $1,399.92 $250,040.93
237 $250,040.93 $1,048.35 $0.00 $1,413.77 $252,503.05
238 $252,503.05 $1,048.35 $0.00 $1,427.69 $254,979.09
239 $254,979.09 $1,048.35 $0.00 $1,441.69 $257,469.13
240 $257,469.13 $1,048.35 $0.00 $1,455.77 $259,973.25
241 $259,973.25 $1,048.35 $136,820.43 $1,469.93 $125,671.10
242 $125,671.10 $1,048.35 $0.00 $710.56 $127,430.01
243 $127,430.01 $1,048.35 $0.00 $720.51 $129,198.87
244 $129,198.87 $1,048.35 $0.00 $730.51 $130,977.73
245 $130,977.73 $1,048.35 $0.00 $740.57 $132,766.65
246 $132,766.65 $1,048.35 $0.00 $750.68 $134,565.68
247 $134,565.68 $1,048.35 $0.00 $760.85 $136,374.88
248 $136,374.88 $1,048.35 $0.00 $771.08 $138,194.31
249 $138,194.31 $1,048.35 $0.00 $781.37 $140,024.03
250 $140,024.03 $1,048.35 $0.00 $791.72 $141,864.10
251 $141,864.10 $1,048.35 $0.00 $802.12 $143,714.57
252 $143,714.57 $1,048.35 $0.00 $812.58 $145,575.50
253 $145,575.50 $0.00 $146,397.86 $823.11 $0.75