Savings Plan and Future Cost Estimation for Wiregrass Georgia 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$51,302
Monthly savings required$228

How much will it cost to send your child to Wiregrass Georgia Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $102,603.08 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $227.93 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$14,665.00
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 $227.93 $0.00 $0.00 $227.93
2 $227.93 $227.93 $0.00 $1.29 $457.15
3 $457.15 $227.93 $0.00 $2.58 $687.66
4 $687.66 $227.93 $0.00 $3.89 $919.48
5 $919.48 $227.93 $0.00 $5.20 $1,152.61
6 $1,152.61 $227.93 $0.00 $6.52 $1,387.06
7 $1,387.06 $227.93 $0.00 $7.84 $1,622.83
8 $1,622.83 $227.93 $0.00 $9.18 $1,859.94
9 $1,859.94 $227.93 $0.00 $10.52 $2,098.39
10 $2,098.39 $227.93 $0.00 $11.86 $2,338.18
11 $2,338.18 $227.93 $0.00 $13.22 $2,579.33
12 $2,579.33 $227.93 $0.00 $14.58 $2,821.84
13 $2,821.84 $227.93 $0.00 $15.96 $3,065.73
14 $3,065.73 $227.93 $0.00 $17.33 $3,310.99
15 $3,310.99 $227.93 $0.00 $18.72 $3,557.64
16 $3,557.64 $227.93 $0.00 $20.12 $3,805.69
17 $3,805.69 $227.93 $0.00 $21.52 $4,055.14
18 $4,055.14 $227.93 $0.00 $22.93 $4,306.00
19 $4,306.00 $227.93 $0.00 $24.35 $4,558.28
20 $4,558.28 $227.93 $0.00 $25.77 $4,811.98
21 $4,811.98 $227.93 $0.00 $27.21 $5,067.12
22 $5,067.12 $227.93 $0.00 $28.65 $5,323.70
23 $5,323.70 $227.93 $0.00 $30.10 $5,581.73
24 $5,581.73 $227.93 $0.00 $31.56 $5,841.22
25 $5,841.22 $227.93 $0.00 $33.03 $6,102.18
26 $6,102.18 $227.93 $0.00 $34.50 $6,364.61
27 $6,364.61 $227.93 $0.00 $35.99 $6,628.53
28 $6,628.53 $227.93 $0.00 $37.48 $6,893.94
29 $6,893.94 $227.93 $0.00 $38.98 $7,160.85
30 $7,160.85 $227.93 $0.00 $40.49 $7,429.27
31 $7,429.27 $227.93 $0.00 $42.01 $7,699.21
32 $7,699.21 $227.93 $0.00 $43.53 $7,970.67
33 $7,970.67 $227.93 $0.00 $45.07 $8,243.67
34 $8,243.67 $227.93 $0.00 $46.61 $8,518.21
35 $8,518.21 $227.93 $0.00 $48.16 $8,794.30
36 $8,794.30 $227.93 $0.00 $49.72 $9,071.95
37 $9,071.95 $227.93 $0.00 $51.29 $9,351.17
38 $9,351.17 $227.93 $0.00 $52.87 $9,631.97
39 $9,631.97 $227.93 $0.00 $54.46 $9,914.36
40 $9,914.36 $227.93 $0.00 $56.06 $10,198.35
41 $10,198.35 $227.93 $0.00 $57.66 $10,483.94
42 $10,483.94 $227.93 $0.00 $59.28 $10,771.15
43 $10,771.15 $227.93 $0.00 $60.90 $11,059.98
44 $11,059.98 $227.93 $0.00 $62.53 $11,350.44
45 $11,350.44 $227.93 $0.00 $64.18 $11,642.55
46 $11,642.55 $227.93 $0.00 $65.83 $11,936.31
47 $11,936.31 $227.93 $0.00 $67.49 $12,231.73
48 $12,231.73 $227.93 $0.00 $69.16 $12,528.82
49 $12,528.82 $227.93 $0.00 $70.84 $12,827.59
50 $12,827.59 $227.93 $0.00 $72.53 $13,128.05
51 $13,128.05 $227.93 $0.00 $74.23 $13,430.21
52 $13,430.21 $227.93 $0.00 $75.94 $13,734.08
53 $13,734.08 $227.93 $0.00 $77.65 $14,039.66
54 $14,039.66 $227.93 $0.00 $79.38 $14,346.97
55 $14,346.97 $227.93 $0.00 $81.12 $14,656.02
56 $14,656.02 $227.93 $0.00 $82.87 $14,966.82
57 $14,966.82 $227.93 $0.00 $84.62 $15,279.37
58 $15,279.37 $227.93 $0.00 $86.39 $15,593.69
59 $15,593.69 $227.93 $0.00 $88.17 $15,909.79
60 $15,909.79 $227.93 $0.00 $89.96 $16,227.68
61 $16,227.68 $227.93 $0.00 $91.75 $16,547.36
62 $16,547.36 $227.93 $0.00 $93.56 $16,868.85
63 $16,868.85 $227.93 $0.00 $95.38 $17,192.16
64 $17,192.16 $227.93 $0.00 $97.21 $17,517.30
65 $17,517.30 $227.93 $0.00 $99.05 $17,844.28
66 $17,844.28 $227.93 $0.00 $100.89 $18,173.10
67 $18,173.10 $227.93 $0.00 $102.75 $18,503.78
68 $18,503.78 $227.93 $0.00 $104.62 $18,836.33
69 $18,836.33 $227.93 $0.00 $106.50 $19,170.76
70 $19,170.76 $227.93 $0.00 $108.39 $19,507.08
71 $19,507.08 $227.93 $0.00 $110.30 $19,845.31
72 $19,845.31 $227.93 $0.00 $112.21 $20,185.45
73 $20,185.45 $227.93 $0.00 $114.13 $20,527.51
74 $20,527.51 $227.93 $0.00 $116.07 $20,871.51
75 $20,871.51 $227.93 $0.00 $118.01 $21,217.45
76 $21,217.45 $227.93 $0.00 $119.97 $21,565.35
77 $21,565.35 $227.93 $0.00 $121.93 $21,915.21
78 $21,915.21 $227.93 $0.00 $123.91 $22,267.05
79 $22,267.05 $227.93 $0.00 $125.90 $22,620.88
80 $22,620.88 $227.93 $0.00 $127.90 $22,976.71
81 $22,976.71 $227.93 $0.00 $129.91 $23,334.55
82 $23,334.55 $227.93 $0.00 $131.94 $23,694.42
83 $23,694.42 $227.93 $0.00 $133.97 $24,056.32
84 $24,056.32 $227.93 $0.00 $136.02 $24,420.27
85 $24,420.27 $227.93 $0.00 $138.08 $24,786.28
86 $24,786.28 $227.93 $0.00 $140.15 $25,154.36
87 $25,154.36 $227.93 $0.00 $142.23 $25,524.52
88 $25,524.52 $227.93 $0.00 $144.32 $25,896.77
89 $25,896.77 $227.93 $0.00 $146.42 $26,271.12
90 $26,271.12 $227.93 $0.00 $148.54 $26,647.59
91 $26,647.59 $227.93 $0.00 $150.67 $27,026.19
92 $27,026.19 $227.93 $0.00 $152.81 $27,406.93
93 $27,406.93 $227.93 $0.00 $154.96 $27,789.82
94 $27,789.82 $227.93 $0.00 $157.13 $28,174.88
95 $28,174.88 $227.93 $0.00 $159.30 $28,562.11
96 $28,562.11 $227.93 $0.00 $161.49 $28,951.53
97 $28,951.53 $227.93 $0.00 $163.70 $29,343.16
98 $29,343.16 $227.93 $0.00 $165.91 $29,737.00
99 $29,737.00 $227.93 $0.00 $168.14 $30,133.07
100 $30,133.07 $227.93 $0.00 $170.38 $30,531.38
101 $30,531.38 $227.93 $0.00 $172.63 $30,931.94
102 $30,931.94 $227.93 $0.00 $174.89 $31,334.76
103 $31,334.76 $227.93 $0.00 $177.17 $31,739.86
104 $31,739.86 $227.93 $0.00 $179.46 $32,147.25
105 $32,147.25 $227.93 $0.00 $181.77 $32,556.95
106 $32,556.95 $227.93 $0.00 $184.08 $32,968.96
107 $32,968.96 $227.93 $0.00 $186.41 $33,383.30
108 $33,383.30 $227.93 $0.00 $188.75 $33,799.98
109 $33,799.98 $227.93 $0.00 $191.11 $34,219.02
110 $34,219.02 $227.93 $0.00 $193.48 $34,640.43
111 $34,640.43 $227.93 $0.00 $195.86 $35,064.22
112 $35,064.22 $227.93 $0.00 $198.26 $35,490.41
113 $35,490.41 $227.93 $0.00 $200.67 $35,919.01
114 $35,919.01 $227.93 $0.00 $203.09 $36,350.03
115 $36,350.03 $227.93 $0.00 $205.53 $36,783.49
116 $36,783.49 $227.93 $0.00 $207.98 $37,219.40
117 $37,219.40 $227.93 $0.00 $210.44 $37,657.77
118 $37,657.77 $227.93 $0.00 $212.92 $38,098.62
119 $38,098.62 $227.93 $0.00 $215.42 $38,541.97
120 $38,541.97 $227.93 $0.00 $217.92 $38,987.82
121 $38,987.82 $227.93 $0.00 $220.44 $39,436.19
122 $39,436.19 $227.93 $0.00 $222.98 $39,887.10
123 $39,887.10 $227.93 $0.00 $225.53 $40,340.56
124 $40,340.56 $227.93 $0.00 $228.09 $40,796.58
125 $40,796.58 $227.93 $0.00 $230.67 $41,255.18
126 $41,255.18 $227.93 $0.00 $233.26 $41,716.37
127 $41,716.37 $227.93 $0.00 $235.87 $42,180.17
128 $42,180.17 $227.93 $0.00 $238.49 $42,646.59
129 $42,646.59 $227.93 $0.00 $241.13 $43,115.65
130 $43,115.65 $227.93 $0.00 $243.78 $43,587.36
131 $43,587.36 $227.93 $0.00 $246.45 $44,061.74
132 $44,061.74 $227.93 $0.00 $249.13 $44,538.80
133 $44,538.80 $227.93 $0.00 $251.83 $45,018.56
134 $45,018.56 $227.93 $0.00 $254.54 $45,501.03
135 $45,501.03 $227.93 $0.00 $257.27 $45,986.23
136 $45,986.23 $227.93 $0.00 $260.01 $46,474.17
137 $46,474.17 $227.93 $0.00 $262.77 $46,964.87
138 $46,964.87 $227.93 $0.00 $265.55 $47,458.35
139 $47,458.35 $227.93 $0.00 $268.34 $47,954.62
140 $47,954.62 $227.93 $0.00 $271.14 $48,453.69
141 $48,453.69 $227.93 $0.00 $273.96 $48,955.58
142 $48,955.58 $227.93 $0.00 $276.80 $49,460.31
143 $49,460.31 $227.93 $0.00 $279.66 $49,967.90
144 $49,967.90 $227.93 $0.00 $282.53 $50,478.36
145 $50,478.36 $227.93 $0.00 $285.41 $50,991.70
146 $50,991.70 $227.93 $0.00 $288.31 $51,507.94
147 $51,507.94 $227.93 $0.00 $291.23 $52,027.10
148 $52,027.10 $227.93 $0.00 $294.17 $52,549.20
149 $52,549.20 $227.93 $0.00 $297.12 $53,074.25
150 $53,074.25 $227.93 $0.00 $300.09 $53,602.27
151 $53,602.27 $227.93 $0.00 $303.08 $54,133.28
152 $54,133.28 $227.93 $0.00 $306.08 $54,667.29
153 $54,667.29 $227.93 $0.00 $309.10 $55,204.32
154 $55,204.32 $227.93 $0.00 $312.13 $55,744.38
155 $55,744.38 $227.93 $0.00 $315.19 $56,287.50
156 $56,287.50 $227.93 $0.00 $318.26 $56,833.69
157 $56,833.69 $227.93 $0.00 $321.35 $57,382.97
158 $57,382.97 $227.93 $0.00 $324.45 $57,935.35
159 $57,935.35 $227.93 $0.00 $327.57 $58,490.85
160 $58,490.85 $227.93 $0.00 $330.72 $59,049.50
161 $59,049.50 $227.93 $0.00 $333.87 $59,611.30
162 $59,611.30 $227.93 $0.00 $337.05 $60,176.28
163 $60,176.28 $227.93 $0.00 $340.25 $60,744.46
164 $60,744.46 $227.93 $0.00 $343.46 $61,315.85
165 $61,315.85 $227.93 $0.00 $346.69 $61,890.47
166 $61,890.47 $227.93 $0.00 $349.94 $62,468.34
167 $62,468.34 $227.93 $0.00 $353.21 $63,049.48
168 $63,049.48 $227.93 $0.00 $356.49 $63,633.90
169 $63,633.90 $227.93 $0.00 $359.80 $64,221.63
170 $64,221.63 $227.93 $0.00 $363.12 $64,812.68
171 $64,812.68 $227.93 $0.00 $366.46 $65,407.07
172 $65,407.07 $227.93 $0.00 $369.82 $66,004.82
173 $66,004.82 $227.93 $0.00 $373.20 $66,605.95
174 $66,605.95 $227.93 $0.00 $376.60 $67,210.48
175 $67,210.48 $227.93 $0.00 $380.02 $67,818.43
176 $67,818.43 $227.93 $0.00 $383.46 $68,429.82
177 $68,429.82 $227.93 $0.00 $386.91 $69,044.66
178 $69,044.66 $227.93 $0.00 $390.39 $69,662.98
179 $69,662.98 $227.93 $0.00 $393.88 $70,284.79
180 $70,284.79 $227.93 $0.00 $397.40 $70,910.12
181 $70,910.12 $227.93 $0.00 $400.94 $71,538.99
182 $71,538.99 $227.93 $0.00 $404.49 $72,171.41
183 $72,171.41 $227.93 $0.00 $408.07 $72,807.41
184 $72,807.41 $227.93 $0.00 $411.66 $73,447.00
185 $73,447.00 $227.93 $0.00 $415.28 $74,090.21
186 $74,090.21 $227.93 $0.00 $418.92 $74,737.06
187 $74,737.06 $227.93 $0.00 $422.57 $75,387.56
188 $75,387.56 $227.93 $0.00 $426.25 $76,041.74
189 $76,041.74 $227.93 $0.00 $429.95 $76,699.62
190 $76,699.62 $227.93 $0.00 $433.67 $77,361.22
191 $77,361.22 $227.93 $0.00 $437.41 $78,026.56
192 $78,026.56 $227.93 $0.00 $441.17 $78,695.66
193 $78,695.66 $227.93 $0.00 $444.96 $79,368.55
194 $79,368.55 $227.93 $0.00 $448.76 $80,045.24
195 $80,045.24 $227.93 $0.00 $452.59 $80,725.76
196 $80,725.76 $227.93 $0.00 $456.44 $81,410.13
197 $81,410.13 $227.93 $0.00 $460.30 $82,098.36
198 $82,098.36 $227.93 $0.00 $464.20 $82,790.49
199 $82,790.49 $227.93 $0.00 $468.11 $83,486.53
200 $83,486.53 $227.93 $0.00 $472.04 $84,186.50
201 $84,186.50 $227.93 $0.00 $476.00 $84,890.43
202 $84,890.43 $227.93 $0.00 $479.98 $85,598.34
203 $85,598.34 $227.93 $0.00 $483.99 $86,310.26
204 $86,310.26 $227.93 $0.00 $488.01 $87,026.20
205 $87,026.20 $227.93 $0.00 $492.06 $87,746.19
206 $87,746.19 $227.93 $0.00 $496.13 $88,470.25
207 $88,470.25 $227.93 $0.00 $500.22 $89,198.40
208 $89,198.40 $227.93 $0.00 $504.34 $89,930.67
209 $89,930.67 $227.93 $0.00 $508.48 $90,667.08
210 $90,667.08 $227.93 $0.00 $512.64 $91,407.65
211 $91,407.65 $227.93 $0.00 $516.83 $92,152.41
212 $92,152.41 $227.93 $0.00 $521.04 $92,901.38
213 $92,901.38 $227.93 $0.00 $525.28 $93,654.59
214 $93,654.59 $227.93 $0.00 $529.54 $94,412.06
215 $94,412.06 $227.93 $0.00 $533.82 $95,173.81
216 $95,173.81 $227.93 $0.00 $538.13 $95,939.87
217 $95,939.87 $227.93 $49,566.71 $542.46 $47,143.55
218 $47,143.55 $227.93 $0.00 $266.56 $47,638.04
219 $47,638.04 $227.93 $0.00 $269.35 $48,135.32
220 $48,135.32 $227.93 $0.00 $272.16 $48,635.41
221 $48,635.41 $227.93 $0.00 $274.99 $49,138.33
222 $49,138.33 $227.93 $0.00 $277.84 $49,644.10
223 $49,644.10 $227.93 $0.00 $280.69 $50,152.72
224 $50,152.72 $227.93 $0.00 $283.57 $50,664.22
225 $50,664.22 $227.93 $0.00 $286.46 $51,178.61
226 $51,178.61 $227.93 $0.00 $289.37 $51,695.91
227 $51,695.91 $227.93 $0.00 $292.30 $52,216.14
228 $52,216.14 $227.93 $0.00 $295.24 $52,739.31
229 $52,739.31 $0.00 $53,036.38 $298.20 $1.13