Savings Plan and Future Cost Estimation for Fortis College Landover

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$120,315
Monthly savings required$535

How much will it cost to send your child to Fortis College Landover in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $240,629.24 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $534.54 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$34,393.00
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 $534.54 $0.00 $0.00 $534.54
2 $534.54 $534.54 $0.00 $3.02 $1,072.10
3 $1,072.10 $534.54 $0.00 $6.06 $1,612.70
4 $1,612.70 $534.54 $0.00 $9.12 $2,156.36
5 $2,156.36 $534.54 $0.00 $12.19 $2,703.09
6 $2,703.09 $534.54 $0.00 $15.28 $3,252.91
7 $3,252.91 $534.54 $0.00 $18.39 $3,805.84
8 $3,805.84 $534.54 $0.00 $21.52 $4,361.90
9 $4,361.90 $534.54 $0.00 $24.66 $4,921.10
10 $4,921.10 $534.54 $0.00 $27.82 $5,483.46
11 $5,483.46 $534.54 $0.00 $31.00 $6,049.00
12 $6,049.00 $534.54 $0.00 $34.20 $6,617.74
13 $6,617.74 $534.54 $0.00 $37.42 $7,189.70
14 $7,189.70 $534.54 $0.00 $40.65 $7,764.89
15 $7,764.89 $534.54 $0.00 $43.90 $8,343.33
16 $8,343.33 $534.54 $0.00 $47.17 $8,925.04
17 $8,925.04 $534.54 $0.00 $50.46 $9,510.04
18 $9,510.04 $534.54 $0.00 $53.77 $10,098.35
19 $10,098.35 $534.54 $0.00 $57.10 $10,689.99
20 $10,689.99 $534.54 $0.00 $60.44 $11,284.97
21 $11,284.97 $534.54 $0.00 $63.81 $11,883.32
22 $11,883.32 $534.54 $0.00 $67.19 $12,485.05
23 $12,485.05 $534.54 $0.00 $70.59 $13,090.18
24 $13,090.18 $534.54 $0.00 $74.01 $13,698.73
25 $13,698.73 $534.54 $0.00 $77.45 $14,310.72
26 $14,310.72 $534.54 $0.00 $80.91 $14,926.17
27 $14,926.17 $534.54 $0.00 $84.39 $15,545.10
28 $15,545.10 $534.54 $0.00 $87.89 $16,167.53
29 $16,167.53 $534.54 $0.00 $91.41 $16,793.48
30 $16,793.48 $534.54 $0.00 $94.95 $17,422.97
31 $17,422.97 $534.54 $0.00 $98.51 $18,056.02
32 $18,056.02 $534.54 $0.00 $102.09 $18,692.65
33 $18,692.65 $534.54 $0.00 $105.69 $19,332.88
34 $19,332.88 $534.54 $0.00 $109.31 $19,976.73
35 $19,976.73 $534.54 $0.00 $112.95 $20,624.22
36 $20,624.22 $534.54 $0.00 $116.61 $21,275.37
37 $21,275.37 $534.54 $0.00 $120.29 $21,930.20
38 $21,930.20 $534.54 $0.00 $124.00 $22,588.74
39 $22,588.74 $534.54 $0.00 $127.72 $23,251.00
40 $23,251.00 $534.54 $0.00 $131.46 $23,917.00
41 $23,917.00 $534.54 $0.00 $135.23 $24,586.77
42 $24,586.77 $534.54 $0.00 $139.02 $25,260.33
43 $25,260.33 $534.54 $0.00 $142.83 $25,937.70
44 $25,937.70 $534.54 $0.00 $146.66 $26,618.90
45 $26,618.90 $534.54 $0.00 $150.51 $27,303.95
46 $27,303.95 $534.54 $0.00 $154.38 $27,992.87
47 $27,992.87 $534.54 $0.00 $158.28 $28,685.69
48 $28,685.69 $534.54 $0.00 $162.19 $29,382.42
49 $29,382.42 $534.54 $0.00 $166.13 $30,083.09
50 $30,083.09 $534.54 $0.00 $170.09 $30,787.72
51 $30,787.72 $534.54 $0.00 $174.08 $31,496.34
52 $31,496.34 $534.54 $0.00 $178.08 $32,208.96
53 $32,208.96 $534.54 $0.00 $182.11 $32,925.61
54 $32,925.61 $534.54 $0.00 $186.17 $33,646.32
55 $33,646.32 $534.54 $0.00 $190.24 $34,371.10
56 $34,371.10 $534.54 $0.00 $194.34 $35,099.98
57 $35,099.98 $534.54 $0.00 $198.46 $35,832.98
58 $35,832.98 $534.54 $0.00 $202.60 $36,570.12
59 $36,570.12 $534.54 $0.00 $206.77 $37,311.43
60 $37,311.43 $534.54 $0.00 $210.96 $38,056.93
61 $38,056.93 $534.54 $0.00 $215.18 $38,806.65
62 $38,806.65 $534.54 $0.00 $219.42 $39,560.61
63 $39,560.61 $534.54 $0.00 $223.68 $40,318.83
64 $40,318.83 $534.54 $0.00 $227.97 $41,081.34
65 $41,081.34 $534.54 $0.00 $232.28 $41,848.16
66 $41,848.16 $534.54 $0.00 $236.62 $42,619.32
67 $42,619.32 $534.54 $0.00 $240.98 $43,394.84
68 $43,394.84 $534.54 $0.00 $245.36 $44,174.74
69 $44,174.74 $534.54 $0.00 $249.77 $44,959.05
70 $44,959.05 $534.54 $0.00 $254.21 $45,747.80
71 $45,747.80 $534.54 $0.00 $258.66 $46,541.00
72 $46,541.00 $534.54 $0.00 $263.15 $47,338.69
73 $47,338.69 $534.54 $0.00 $267.66 $48,140.89
74 $48,140.89 $534.54 $0.00 $272.20 $48,947.63
75 $48,947.63 $534.54 $0.00 $276.76 $49,758.93
76 $49,758.93 $534.54 $0.00 $281.34 $50,574.81
77 $50,574.81 $534.54 $0.00 $285.96 $51,395.31
78 $51,395.31 $534.54 $0.00 $290.60 $52,220.45
79 $52,220.45 $534.54 $0.00 $295.26 $53,050.25
80 $53,050.25 $534.54 $0.00 $299.95 $53,884.74
81 $53,884.74 $534.54 $0.00 $304.67 $54,723.95
82 $54,723.95 $534.54 $0.00 $309.42 $55,567.91
83 $55,567.91 $534.54 $0.00 $314.19 $56,416.64
84 $56,416.64 $534.54 $0.00 $318.99 $57,270.17
85 $57,270.17 $534.54 $0.00 $323.81 $58,128.52
86 $58,128.52 $534.54 $0.00 $328.67 $58,991.73
87 $58,991.73 $534.54 $0.00 $333.55 $59,859.82
88 $59,859.82 $534.54 $0.00 $338.46 $60,732.82
89 $60,732.82 $534.54 $0.00 $343.39 $61,610.75
90 $61,610.75 $534.54 $0.00 $348.36 $62,493.65
91 $62,493.65 $534.54 $0.00 $353.35 $63,381.54
92 $63,381.54 $534.54 $0.00 $358.37 $64,274.45
93 $64,274.45 $534.54 $0.00 $363.42 $65,172.41
94 $65,172.41 $534.54 $0.00 $368.49 $66,075.44
95 $66,075.44 $534.54 $0.00 $373.60 $66,983.58
96 $66,983.58 $534.54 $0.00 $378.73 $67,896.85
97 $67,896.85 $534.54 $0.00 $383.90 $68,815.29
98 $68,815.29 $534.54 $0.00 $389.09 $69,738.92
99 $69,738.92 $534.54 $0.00 $394.31 $70,667.77
100 $70,667.77 $534.54 $0.00 $399.57 $71,601.88
101 $71,601.88 $534.54 $0.00 $404.85 $72,541.27
102 $72,541.27 $534.54 $0.00 $410.16 $73,485.97
103 $73,485.97 $534.54 $0.00 $415.50 $74,436.01
104 $74,436.01 $534.54 $0.00 $420.87 $75,391.42
105 $75,391.42 $534.54 $0.00 $426.27 $76,352.23
106 $76,352.23 $534.54 $0.00 $431.71 $77,318.48
107 $77,318.48 $534.54 $0.00 $437.17 $78,290.19
108 $78,290.19 $534.54 $0.00 $442.66 $79,267.39
109 $79,267.39 $534.54 $0.00 $448.19 $80,250.12
110 $80,250.12 $534.54 $0.00 $453.75 $81,238.41
111 $81,238.41 $534.54 $0.00 $459.33 $82,232.28
112 $82,232.28 $534.54 $0.00 $464.95 $83,231.77
113 $83,231.77 $534.54 $0.00 $470.60 $84,236.91
114 $84,236.91 $534.54 $0.00 $476.29 $85,247.74
115 $85,247.74 $534.54 $0.00 $482.00 $86,264.28
116 $86,264.28 $534.54 $0.00 $487.75 $87,286.57
117 $87,286.57 $534.54 $0.00 $493.53 $88,314.64
118 $88,314.64 $534.54 $0.00 $499.34 $89,348.52
119 $89,348.52 $534.54 $0.00 $505.19 $90,388.25
120 $90,388.25 $534.54 $0.00 $511.07 $91,433.86
121 $91,433.86 $534.54 $0.00 $516.98 $92,485.38
122 $92,485.38 $534.54 $0.00 $522.93 $93,542.85
123 $93,542.85 $534.54 $0.00 $528.90 $94,606.29
124 $94,606.29 $534.54 $0.00 $534.92 $95,675.75
125 $95,675.75 $534.54 $0.00 $540.96 $96,751.25
126 $96,751.25 $534.54 $0.00 $547.05 $97,832.84
127 $97,832.84 $534.54 $0.00 $553.16 $98,920.54
128 $98,920.54 $534.54 $0.00 $559.31 $100,014.39
129 $100,014.39 $534.54 $0.00 $565.50 $101,114.43
130 $101,114.43 $534.54 $0.00 $571.72 $102,220.69
131 $102,220.69 $534.54 $0.00 $577.97 $103,333.20
132 $103,333.20 $534.54 $0.00 $584.26 $104,452.00
133 $104,452.00 $534.54 $0.00 $590.59 $105,577.13
134 $105,577.13 $534.54 $0.00 $596.95 $106,708.62
135 $106,708.62 $534.54 $0.00 $603.35 $107,846.51
136 $107,846.51 $534.54 $0.00 $609.78 $108,990.83
137 $108,990.83 $534.54 $0.00 $616.25 $110,141.62
138 $110,141.62 $534.54 $0.00 $622.76 $111,298.92
139 $111,298.92 $534.54 $0.00 $629.30 $112,462.76
140 $112,462.76 $534.54 $0.00 $635.88 $113,633.18
141 $113,633.18 $534.54 $0.00 $642.50 $114,810.22
142 $114,810.22 $534.54 $0.00 $649.15 $115,993.91
143 $115,993.91 $534.54 $0.00 $655.85 $117,184.30
144 $117,184.30 $534.54 $0.00 $662.58 $118,381.42
145 $118,381.42 $534.54 $0.00 $669.35 $119,585.31
146 $119,585.31 $534.54 $0.00 $676.15 $120,796.00
147 $120,796.00 $534.54 $0.00 $683.00 $122,013.54
148 $122,013.54 $534.54 $0.00 $689.88 $123,237.96
149 $123,237.96 $534.54 $0.00 $696.81 $124,469.31
150 $124,469.31 $534.54 $0.00 $703.77 $125,707.62
151 $125,707.62 $534.54 $0.00 $710.77 $126,952.93
152 $126,952.93 $534.54 $0.00 $717.81 $128,205.28
153 $128,205.28 $534.54 $0.00 $724.89 $129,464.71
154 $129,464.71 $534.54 $0.00 $732.01 $130,731.26
155 $130,731.26 $534.54 $0.00 $739.17 $132,004.97
156 $132,004.97 $534.54 $0.00 $746.38 $133,285.89
157 $133,285.89 $534.54 $0.00 $753.62 $134,574.05
158 $134,574.05 $534.54 $0.00 $760.90 $135,869.49
159 $135,869.49 $534.54 $0.00 $768.23 $137,172.26
160 $137,172.26 $534.54 $0.00 $775.59 $138,482.39
161 $138,482.39 $534.54 $0.00 $783.00 $139,799.93
162 $139,799.93 $534.54 $0.00 $790.45 $141,124.92
163 $141,124.92 $534.54 $0.00 $797.94 $142,457.40
164 $142,457.40 $534.54 $0.00 $805.47 $143,797.41
165 $143,797.41 $534.54 $0.00 $813.05 $145,145.00
166 $145,145.00 $534.54 $0.00 $820.67 $146,500.21
167 $146,500.21 $534.54 $0.00 $828.33 $147,863.08
168 $147,863.08 $534.54 $0.00 $836.04 $149,233.66
169 $149,233.66 $534.54 $0.00 $843.79 $150,611.99
170 $150,611.99 $534.54 $0.00 $851.58 $151,998.11
171 $151,998.11 $534.54 $0.00 $859.42 $153,392.07
172 $153,392.07 $534.54 $0.00 $867.30 $154,793.91
173 $154,793.91 $534.54 $0.00 $875.23 $156,203.68
174 $156,203.68 $534.54 $0.00 $883.20 $157,621.42
175 $157,621.42 $534.54 $0.00 $891.21 $159,047.17
176 $159,047.17 $534.54 $0.00 $899.28 $160,480.99
177 $160,480.99 $534.54 $0.00 $907.38 $161,922.91
178 $161,922.91 $534.54 $0.00 $915.54 $163,372.99
179 $163,372.99 $534.54 $0.00 $923.73 $164,831.26
180 $164,831.26 $534.54 $0.00 $931.98 $166,297.78
181 $166,297.78 $534.54 $0.00 $940.27 $167,772.59
182 $167,772.59 $534.54 $0.00 $948.61 $169,255.74
183 $169,255.74 $534.54 $0.00 $957.00 $170,747.28
184 $170,747.28 $534.54 $0.00 $965.43 $172,247.25
185 $172,247.25 $534.54 $0.00 $973.91 $173,755.70
186 $173,755.70 $534.54 $0.00 $982.44 $175,272.68
187 $175,272.68 $534.54 $0.00 $991.02 $176,798.24
188 $176,798.24 $534.54 $0.00 $999.64 $178,332.42
189 $178,332.42 $534.54 $0.00 $1,008.32 $179,875.28
190 $179,875.28 $534.54 $0.00 $1,017.04 $181,426.86
191 $181,426.86 $534.54 $0.00 $1,025.81 $182,987.21
192 $182,987.21 $534.54 $0.00 $1,034.64 $184,556.39
193 $184,556.39 $534.54 $0.00 $1,043.51 $186,134.44
194 $186,134.44 $534.54 $0.00 $1,052.43 $187,721.41
195 $187,721.41 $534.54 $0.00 $1,061.40 $189,317.35
196 $189,317.35 $534.54 $0.00 $1,070.43 $190,922.32
197 $190,922.32 $534.54 $0.00 $1,079.50 $192,536.36
198 $192,536.36 $534.54 $0.00 $1,088.63 $194,159.53
199 $194,159.53 $534.54 $0.00 $1,097.81 $195,791.88
200 $195,791.88 $534.54 $0.00 $1,107.04 $197,433.46
201 $197,433.46 $534.54 $0.00 $1,116.32 $199,084.32
202 $199,084.32 $534.54 $0.00 $1,125.65 $200,744.51
203 $200,744.51 $534.54 $0.00 $1,135.04 $202,414.09
204 $202,414.09 $534.54 $0.00 $1,144.48 $204,093.11
205 $204,093.11 $534.54 $0.00 $1,153.97 $205,781.62
206 $205,781.62 $534.54 $0.00 $1,163.52 $207,479.68
207 $207,479.68 $534.54 $0.00 $1,173.12 $209,187.34
208 $209,187.34 $534.54 $0.00 $1,182.78 $210,904.66
209 $210,904.66 $534.54 $0.00 $1,192.49 $212,631.69
210 $212,631.69 $534.54 $0.00 $1,202.25 $214,368.48
211 $214,368.48 $534.54 $0.00 $1,212.07 $216,115.09
212 $216,115.09 $534.54 $0.00 $1,221.95 $217,871.58
213 $217,871.58 $534.54 $0.00 $1,231.88 $219,638.00
214 $219,638.00 $534.54 $0.00 $1,241.87 $221,414.41
215 $221,414.41 $534.54 $0.00 $1,251.91 $223,200.86
216 $223,200.86 $534.54 $0.00 $1,262.01 $224,997.41
217 $224,997.41 $534.54 $116,246.01 $1,272.17 $110,558.11
218 $110,558.11 $534.54 $0.00 $625.11 $111,717.76
219 $111,717.76 $534.54 $0.00 $631.67 $112,883.97
220 $112,883.97 $534.54 $0.00 $638.26 $114,056.77
221 $114,056.77 $534.54 $0.00 $644.89 $115,236.20
222 $115,236.20 $534.54 $0.00 $651.56 $116,422.30
223 $116,422.30 $534.54 $0.00 $658.27 $117,615.11
224 $117,615.11 $534.54 $0.00 $665.01 $118,814.66
225 $118,814.66 $534.54 $0.00 $671.80 $120,021.00
226 $120,021.00 $534.54 $0.00 $678.62 $121,234.16
227 $121,234.16 $534.54 $0.00 $685.48 $122,454.18
228 $122,454.18 $534.54 $0.00 $692.37 $123,681.09
229 $123,681.09 $0.00 $124,383.23 $699.31 -$2.83