Savings Plan and Future Cost Estimation for Baltimore City Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$58,172
Monthly savings required$258

How much will it cost to send your child to Baltimore City Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $116,344.13 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $258.46 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$16,629.00
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 $258.46 $0.00 $0.00 $258.46
2 $258.46 $258.46 $0.00 $1.46 $518.38
3 $518.38 $258.46 $0.00 $2.93 $779.77
4 $779.77 $258.46 $0.00 $4.41 $1,042.64
5 $1,042.64 $258.46 $0.00 $5.90 $1,307.00
6 $1,307.00 $258.46 $0.00 $7.39 $1,572.85
7 $1,572.85 $258.46 $0.00 $8.89 $1,840.20
8 $1,840.20 $258.46 $0.00 $10.40 $2,109.06
9 $2,109.06 $258.46 $0.00 $11.92 $2,379.44
10 $2,379.44 $258.46 $0.00 $13.45 $2,651.35
11 $2,651.35 $258.46 $0.00 $14.99 $2,924.80
12 $2,924.80 $258.46 $0.00 $16.54 $3,199.80
13 $3,199.80 $258.46 $0.00 $18.09 $3,476.35
14 $3,476.35 $258.46 $0.00 $19.66 $3,754.47
15 $3,754.47 $258.46 $0.00 $21.23 $4,034.16
16 $4,034.16 $258.46 $0.00 $22.81 $4,315.43
17 $4,315.43 $258.46 $0.00 $24.40 $4,598.29
18 $4,598.29 $258.46 $0.00 $26.00 $4,882.75
19 $4,882.75 $258.46 $0.00 $27.61 $5,168.82
20 $5,168.82 $258.46 $0.00 $29.23 $5,456.51
21 $5,456.51 $258.46 $0.00 $30.85 $5,745.82
22 $5,745.82 $258.46 $0.00 $32.49 $6,036.77
23 $6,036.77 $258.46 $0.00 $34.13 $6,329.36
24 $6,329.36 $258.46 $0.00 $35.79 $6,623.61
25 $6,623.61 $258.46 $0.00 $37.45 $6,919.52
26 $6,919.52 $258.46 $0.00 $39.12 $7,217.10
27 $7,217.10 $258.46 $0.00 $40.81 $7,516.37
28 $7,516.37 $258.46 $0.00 $42.50 $7,817.33
29 $7,817.33 $258.46 $0.00 $44.20 $8,119.99
30 $8,119.99 $258.46 $0.00 $45.91 $8,424.36
31 $8,424.36 $258.46 $0.00 $47.63 $8,730.45
32 $8,730.45 $258.46 $0.00 $49.36 $9,038.27
33 $9,038.27 $258.46 $0.00 $51.10 $9,347.83
34 $9,347.83 $258.46 $0.00 $52.85 $9,659.14
35 $9,659.14 $258.46 $0.00 $54.61 $9,972.21
36 $9,972.21 $258.46 $0.00 $56.38 $10,287.05
37 $10,287.05 $258.46 $0.00 $58.16 $10,603.67
38 $10,603.67 $258.46 $0.00 $59.95 $10,922.08
39 $10,922.08 $258.46 $0.00 $61.76 $11,242.30
40 $11,242.30 $258.46 $0.00 $63.57 $11,564.33
41 $11,564.33 $258.46 $0.00 $65.39 $11,888.18
42 $11,888.18 $258.46 $0.00 $67.22 $12,213.86
43 $12,213.86 $258.46 $0.00 $69.06 $12,541.38
44 $12,541.38 $258.46 $0.00 $70.91 $12,870.75
45 $12,870.75 $258.46 $0.00 $72.77 $13,201.98
46 $13,201.98 $258.46 $0.00 $74.65 $13,535.09
47 $13,535.09 $258.46 $0.00 $76.53 $13,870.08
48 $13,870.08 $258.46 $0.00 $78.42 $14,206.96
49 $14,206.96 $258.46 $0.00 $80.33 $14,545.75
50 $14,545.75 $258.46 $0.00 $82.24 $14,886.45
51 $14,886.45 $258.46 $0.00 $84.17 $15,229.08
52 $15,229.08 $258.46 $0.00 $86.11 $15,573.65
53 $15,573.65 $258.46 $0.00 $88.06 $15,920.17
54 $15,920.17 $258.46 $0.00 $90.01 $16,268.64
55 $16,268.64 $258.46 $0.00 $91.99 $16,619.09
56 $16,619.09 $258.46 $0.00 $93.97 $16,971.52
57 $16,971.52 $258.46 $0.00 $95.96 $17,325.94
58 $17,325.94 $258.46 $0.00 $97.96 $17,682.36
59 $17,682.36 $258.46 $0.00 $99.98 $18,040.80
60 $18,040.80 $258.46 $0.00 $102.01 $18,401.27
61 $18,401.27 $258.46 $0.00 $104.04 $18,763.77
62 $18,763.77 $258.46 $0.00 $106.09 $19,128.32
63 $19,128.32 $258.46 $0.00 $108.15 $19,494.93
64 $19,494.93 $258.46 $0.00 $110.23 $19,863.62
65 $19,863.62 $258.46 $0.00 $112.31 $20,234.39
66 $20,234.39 $258.46 $0.00 $114.41 $20,607.26
67 $20,607.26 $258.46 $0.00 $116.52 $20,982.24
68 $20,982.24 $258.46 $0.00 $118.64 $21,359.34
69 $21,359.34 $258.46 $0.00 $120.77 $21,738.57
70 $21,738.57 $258.46 $0.00 $122.91 $22,119.94
71 $22,119.94 $258.46 $0.00 $125.07 $22,503.47
72 $22,503.47 $258.46 $0.00 $127.24 $22,889.17
73 $22,889.17 $258.46 $0.00 $129.42 $23,277.05
74 $23,277.05 $258.46 $0.00 $131.61 $23,667.12
75 $23,667.12 $258.46 $0.00 $133.82 $24,059.40
76 $24,059.40 $258.46 $0.00 $136.04 $24,453.90
77 $24,453.90 $258.46 $0.00 $138.27 $24,850.63
78 $24,850.63 $258.46 $0.00 $140.51 $25,249.60
79 $25,249.60 $258.46 $0.00 $142.76 $25,650.82
80 $25,650.82 $258.46 $0.00 $145.03 $26,054.31
81 $26,054.31 $258.46 $0.00 $147.31 $26,460.08
82 $26,460.08 $258.46 $0.00 $149.61 $26,868.15
83 $26,868.15 $258.46 $0.00 $151.92 $27,278.53
84 $27,278.53 $258.46 $0.00 $154.24 $27,691.23
85 $27,691.23 $258.46 $0.00 $156.57 $28,106.26
86 $28,106.26 $258.46 $0.00 $158.92 $28,523.64
87 $28,523.64 $258.46 $0.00 $161.28 $28,943.38
88 $28,943.38 $258.46 $0.00 $163.65 $29,365.49
89 $29,365.49 $258.46 $0.00 $166.04 $29,789.99
90 $29,789.99 $258.46 $0.00 $168.44 $30,216.89
91 $30,216.89 $258.46 $0.00 $170.85 $30,646.20
92 $30,646.20 $258.46 $0.00 $173.28 $31,077.94
93 $31,077.94 $258.46 $0.00 $175.72 $31,512.12
94 $31,512.12 $258.46 $0.00 $178.17 $31,948.75
95 $31,948.75 $258.46 $0.00 $180.64 $32,387.85
96 $32,387.85 $258.46 $0.00 $183.13 $32,829.44
97 $32,829.44 $258.46 $0.00 $185.62 $33,273.52
98 $33,273.52 $258.46 $0.00 $188.13 $33,720.11
99 $33,720.11 $258.46 $0.00 $190.66 $34,169.23
100 $34,169.23 $258.46 $0.00 $193.20 $34,620.89
101 $34,620.89 $258.46 $0.00 $195.75 $35,075.10
102 $35,075.10 $258.46 $0.00 $198.32 $35,531.88
103 $35,531.88 $258.46 $0.00 $200.90 $35,991.24
104 $35,991.24 $258.46 $0.00 $203.50 $36,453.20
105 $36,453.20 $258.46 $0.00 $206.11 $36,917.77
106 $36,917.77 $258.46 $0.00 $208.74 $37,384.97
107 $37,384.97 $258.46 $0.00 $211.38 $37,854.81
108 $37,854.81 $258.46 $0.00 $214.04 $38,327.31
109 $38,327.31 $258.46 $0.00 $216.71 $38,802.48
110 $38,802.48 $258.46 $0.00 $219.39 $39,280.33
111 $39,280.33 $258.46 $0.00 $222.10 $39,760.89
112 $39,760.89 $258.46 $0.00 $224.81 $40,244.16
113 $40,244.16 $258.46 $0.00 $227.55 $40,730.17
114 $40,730.17 $258.46 $0.00 $230.29 $41,218.92
115 $41,218.92 $258.46 $0.00 $233.06 $41,710.44
116 $41,710.44 $258.46 $0.00 $235.84 $42,204.74
117 $42,204.74 $258.46 $0.00 $238.63 $42,701.83
118 $42,701.83 $258.46 $0.00 $241.44 $43,201.73
119 $43,201.73 $258.46 $0.00 $244.27 $43,704.46
120 $43,704.46 $258.46 $0.00 $247.11 $44,210.03
121 $44,210.03 $258.46 $0.00 $249.97 $44,718.46
122 $44,718.46 $258.46 $0.00 $252.84 $45,229.76
123 $45,229.76 $258.46 $0.00 $255.74 $45,743.96
124 $45,743.96 $258.46 $0.00 $258.64 $46,261.06
125 $46,261.06 $258.46 $0.00 $261.57 $46,781.09
126 $46,781.09 $258.46 $0.00 $264.51 $47,304.06
127 $47,304.06 $258.46 $0.00 $267.46 $47,829.98
128 $47,829.98 $258.46 $0.00 $270.44 $48,358.88
129 $48,358.88 $258.46 $0.00 $273.43 $48,890.77
130 $48,890.77 $258.46 $0.00 $276.44 $49,425.67
131 $49,425.67 $258.46 $0.00 $279.46 $49,963.59
132 $49,963.59 $258.46 $0.00 $282.50 $50,504.55
133 $50,504.55 $258.46 $0.00 $285.56 $51,048.57
134 $51,048.57 $258.46 $0.00 $288.64 $51,595.67
135 $51,595.67 $258.46 $0.00 $291.73 $52,145.86
136 $52,145.86 $258.46 $0.00 $294.84 $52,699.16
137 $52,699.16 $258.46 $0.00 $297.97 $53,255.59
138 $53,255.59 $258.46 $0.00 $301.11 $53,815.16
139 $53,815.16 $258.46 $0.00 $304.28 $54,377.90
140 $54,377.90 $258.46 $0.00 $307.46 $54,943.82
141 $54,943.82 $258.46 $0.00 $310.66 $55,512.94
142 $55,512.94 $258.46 $0.00 $313.88 $56,085.28
143 $56,085.28 $258.46 $0.00 $317.11 $56,660.85
144 $56,660.85 $258.46 $0.00 $320.37 $57,239.68
145 $57,239.68 $258.46 $0.00 $323.64 $57,821.78
146 $57,821.78 $258.46 $0.00 $326.93 $58,407.17
147 $58,407.17 $258.46 $0.00 $330.24 $58,995.87
148 $58,995.87 $258.46 $0.00 $333.57 $59,587.90
149 $59,587.90 $258.46 $0.00 $336.92 $60,183.28
150 $60,183.28 $258.46 $0.00 $340.29 $60,782.03
151 $60,782.03 $258.46 $0.00 $343.67 $61,384.16
152 $61,384.16 $258.46 $0.00 $347.07 $61,989.69
153 $61,989.69 $258.46 $0.00 $350.50 $62,598.65
154 $62,598.65 $258.46 $0.00 $353.94 $63,211.05
155 $63,211.05 $258.46 $0.00 $357.40 $63,826.91
156 $63,826.91 $258.46 $0.00 $360.89 $64,446.26
157 $64,446.26 $258.46 $0.00 $364.39 $65,069.11
158 $65,069.11 $258.46 $0.00 $367.91 $65,695.48
159 $65,695.48 $258.46 $0.00 $371.45 $66,325.39
160 $66,325.39 $258.46 $0.00 $375.01 $66,958.86
161 $66,958.86 $258.46 $0.00 $378.60 $67,595.92
162 $67,595.92 $258.46 $0.00 $382.20 $68,236.58
163 $68,236.58 $258.46 $0.00 $385.82 $68,880.86
164 $68,880.86 $258.46 $0.00 $389.46 $69,528.78
165 $69,528.78 $258.46 $0.00 $393.13 $70,180.37
166 $70,180.37 $258.46 $0.00 $396.81 $70,835.64
167 $70,835.64 $258.46 $0.00 $400.52 $71,494.62
168 $71,494.62 $258.46 $0.00 $404.24 $72,157.32
169 $72,157.32 $258.46 $0.00 $407.99 $72,823.77
170 $72,823.77 $258.46 $0.00 $411.76 $73,493.99
171 $73,493.99 $258.46 $0.00 $415.55 $74,168.00
172 $74,168.00 $258.46 $0.00 $419.36 $74,845.82
173 $74,845.82 $258.46 $0.00 $423.19 $75,527.47
174 $75,527.47 $258.46 $0.00 $427.04 $76,212.97
175 $76,212.97 $258.46 $0.00 $430.92 $76,902.35
176 $76,902.35 $258.46 $0.00 $434.82 $77,595.63
177 $77,595.63 $258.46 $0.00 $438.74 $78,292.83
178 $78,292.83 $258.46 $0.00 $442.68 $78,993.97
179 $78,993.97 $258.46 $0.00 $446.64 $79,699.07
180 $79,699.07 $258.46 $0.00 $450.63 $80,408.16
181 $80,408.16 $258.46 $0.00 $454.64 $81,121.26
182 $81,121.26 $258.46 $0.00 $458.67 $81,838.39
183 $81,838.39 $258.46 $0.00 $462.73 $82,559.58
184 $82,559.58 $258.46 $0.00 $466.80 $83,284.84
185 $83,284.84 $258.46 $0.00 $470.90 $84,014.20
186 $84,014.20 $258.46 $0.00 $475.03 $84,747.69
187 $84,747.69 $258.46 $0.00 $479.18 $85,485.33
188 $85,485.33 $258.46 $0.00 $483.35 $86,227.14
189 $86,227.14 $258.46 $0.00 $487.54 $86,973.14
190 $86,973.14 $258.46 $0.00 $491.76 $87,723.36
191 $87,723.36 $258.46 $0.00 $496.00 $88,477.82
192 $88,477.82 $258.46 $0.00 $500.27 $89,236.55
193 $89,236.55 $258.46 $0.00 $504.56 $89,999.57
194 $89,999.57 $258.46 $0.00 $508.87 $90,766.90
195 $90,766.90 $258.46 $0.00 $513.21 $91,538.57
196 $91,538.57 $258.46 $0.00 $517.57 $92,314.60
197 $92,314.60 $258.46 $0.00 $521.96 $93,095.02
198 $93,095.02 $258.46 $0.00 $526.37 $93,879.85
199 $93,879.85 $258.46 $0.00 $530.81 $94,669.12
200 $94,669.12 $258.46 $0.00 $535.27 $95,462.85
201 $95,462.85 $258.46 $0.00 $539.76 $96,261.07
202 $96,261.07 $258.46 $0.00 $544.27 $97,063.80
203 $97,063.80 $258.46 $0.00 $548.81 $97,871.07
204 $97,871.07 $258.46 $0.00 $553.38 $98,682.91
205 $98,682.91 $258.46 $0.00 $557.97 $99,499.34
206 $99,499.34 $258.46 $0.00 $562.58 $100,320.38
207 $100,320.38 $258.46 $0.00 $567.23 $101,146.07
208 $101,146.07 $258.46 $0.00 $571.89 $101,976.42
209 $101,976.42 $258.46 $0.00 $576.59 $102,811.47
210 $102,811.47 $258.46 $0.00 $581.31 $103,651.24
211 $103,651.24 $258.46 $0.00 $586.06 $104,495.76
212 $104,495.76 $258.46 $0.00 $590.83 $105,345.05
213 $105,345.05 $258.46 $0.00 $595.64 $106,199.15
214 $106,199.15 $258.46 $0.00 $600.47 $107,058.08
215 $107,058.08 $258.46 $0.00 $605.32 $107,921.86
216 $107,921.86 $258.46 $0.00 $610.21 $108,790.53
217 $108,790.53 $258.46 $56,204.89 $615.12 $53,459.22
218 $53,459.22 $258.46 $0.00 $302.27 $54,019.95
219 $54,019.95 $258.46 $0.00 $305.44 $54,583.85
220 $54,583.85 $258.46 $0.00 $308.63 $55,150.94
221 $55,150.94 $258.46 $0.00 $311.83 $55,721.23
222 $55,721.23 $258.46 $0.00 $315.06 $56,294.75
223 $56,294.75 $258.46 $0.00 $318.30 $56,871.51
224 $56,871.51 $258.46 $0.00 $321.56 $57,451.53
225 $57,451.53 $258.46 $0.00 $324.84 $58,034.83
226 $58,034.83 $258.46 $0.00 $328.14 $58,621.43
227 $58,621.43 $258.46 $0.00 $331.45 $59,211.34
228 $59,211.34 $258.46 $0.00 $334.79 $59,804.59
229 $59,804.59 $0.00 $60,139.24 $338.14 $3.49