Savings Plan and Future Cost Estimation for Salish Kootenai College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$64,975
Monthly savings required$514

How much will it cost to send your child to Salish Kootenai College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $259,901.15 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $513.52 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$17,319.00
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 $513.52 $0.00 $0.00 $513.52
2 $513.52 $513.52 $0.00 $2.90 $1,029.94
3 $1,029.94 $513.52 $0.00 $5.82 $1,549.28
4 $1,549.28 $513.52 $0.00 $8.76 $2,071.56
5 $2,071.56 $513.52 $0.00 $11.71 $2,596.79
6 $2,596.79 $513.52 $0.00 $14.68 $3,124.99
7 $3,124.99 $513.52 $0.00 $17.67 $3,656.18
8 $3,656.18 $513.52 $0.00 $20.67 $4,190.37
9 $4,190.37 $513.52 $0.00 $23.69 $4,727.58
10 $4,727.58 $513.52 $0.00 $26.73 $5,267.83
11 $5,267.83 $513.52 $0.00 $29.79 $5,811.14
12 $5,811.14 $513.52 $0.00 $32.86 $6,357.52
13 $6,357.52 $513.52 $0.00 $35.95 $6,906.99
14 $6,906.99 $513.52 $0.00 $39.05 $7,459.56
15 $7,459.56 $513.52 $0.00 $42.18 $8,015.26
16 $8,015.26 $513.52 $0.00 $45.32 $8,574.10
17 $8,574.10 $513.52 $0.00 $48.48 $9,136.10
18 $9,136.10 $513.52 $0.00 $51.66 $9,701.28
19 $9,701.28 $513.52 $0.00 $54.85 $10,269.65
20 $10,269.65 $513.52 $0.00 $58.07 $10,841.24
21 $10,841.24 $513.52 $0.00 $61.30 $11,416.06
22 $11,416.06 $513.52 $0.00 $64.55 $11,994.13
23 $11,994.13 $513.52 $0.00 $67.82 $12,575.47
24 $12,575.47 $513.52 $0.00 $71.10 $13,160.09
25 $13,160.09 $513.52 $0.00 $74.41 $13,748.02
26 $13,748.02 $513.52 $0.00 $77.73 $14,339.27
27 $14,339.27 $513.52 $0.00 $81.08 $14,933.87
28 $14,933.87 $513.52 $0.00 $84.44 $15,531.83
29 $15,531.83 $513.52 $0.00 $87.82 $16,133.17
30 $16,133.17 $513.52 $0.00 $91.22 $16,737.91
31 $16,737.91 $513.52 $0.00 $94.64 $17,346.07
32 $17,346.07 $513.52 $0.00 $98.08 $17,957.67
33 $17,957.67 $513.52 $0.00 $101.54 $18,572.73
34 $18,572.73 $513.52 $0.00 $105.01 $19,191.26
35 $19,191.26 $513.52 $0.00 $108.51 $19,813.29
36 $19,813.29 $513.52 $0.00 $112.03 $20,438.84
37 $20,438.84 $513.52 $0.00 $115.56 $21,067.92
38 $21,067.92 $513.52 $0.00 $119.12 $21,700.56
39 $21,700.56 $513.52 $0.00 $122.70 $22,336.78
40 $22,336.78 $513.52 $0.00 $126.30 $22,976.60
41 $22,976.60 $513.52 $0.00 $129.91 $23,620.03
42 $23,620.03 $513.52 $0.00 $133.55 $24,267.10
43 $24,267.10 $513.52 $0.00 $137.21 $24,917.83
44 $24,917.83 $513.52 $0.00 $140.89 $25,572.24
45 $25,572.24 $513.52 $0.00 $144.59 $26,230.35
46 $26,230.35 $513.52 $0.00 $148.31 $26,892.18
47 $26,892.18 $513.52 $0.00 $152.05 $27,557.75
48 $27,557.75 $513.52 $0.00 $155.82 $28,227.09
49 $28,227.09 $513.52 $0.00 $159.60 $28,900.21
50 $28,900.21 $513.52 $0.00 $163.41 $29,577.14
51 $29,577.14 $513.52 $0.00 $167.23 $30,257.89
52 $30,257.89 $513.52 $0.00 $171.08 $30,942.49
53 $30,942.49 $513.52 $0.00 $174.95 $31,630.96
54 $31,630.96 $513.52 $0.00 $178.85 $32,323.33
55 $32,323.33 $513.52 $0.00 $182.76 $33,019.61
56 $33,019.61 $513.52 $0.00 $186.70 $33,719.83
57 $33,719.83 $513.52 $0.00 $190.66 $34,424.01
58 $34,424.01 $513.52 $0.00 $194.64 $35,132.17
59 $35,132.17 $513.52 $0.00 $198.64 $35,844.33
60 $35,844.33 $513.52 $0.00 $202.67 $36,560.52
61 $36,560.52 $513.52 $0.00 $206.72 $37,280.76
62 $37,280.76 $513.52 $0.00 $210.79 $38,005.07
63 $38,005.07 $513.52 $0.00 $214.89 $38,733.48
64 $38,733.48 $513.52 $0.00 $219.00 $39,466.00
65 $39,466.00 $513.52 $0.00 $223.15 $40,202.67
66 $40,202.67 $513.52 $0.00 $227.31 $40,943.50
67 $40,943.50 $513.52 $0.00 $231.50 $41,688.52
68 $41,688.52 $513.52 $0.00 $235.71 $42,437.75
69 $42,437.75 $513.52 $0.00 $239.95 $43,191.22
70 $43,191.22 $513.52 $0.00 $244.21 $43,948.95
71 $43,948.95 $513.52 $0.00 $248.49 $44,710.96
72 $44,710.96 $513.52 $0.00 $252.80 $45,477.28
73 $45,477.28 $513.52 $0.00 $257.14 $46,247.94
74 $46,247.94 $513.52 $0.00 $261.49 $47,022.95
75 $47,022.95 $513.52 $0.00 $265.87 $47,802.34
76 $47,802.34 $513.52 $0.00 $270.28 $48,586.14
77 $48,586.14 $513.52 $0.00 $274.71 $49,374.37
78 $49,374.37 $513.52 $0.00 $279.17 $50,167.06
79 $50,167.06 $513.52 $0.00 $283.65 $50,964.23
80 $50,964.23 $513.52 $0.00 $288.16 $51,765.91
81 $51,765.91 $513.52 $0.00 $292.69 $52,572.12
82 $52,572.12 $513.52 $0.00 $297.25 $53,382.89
83 $53,382.89 $513.52 $0.00 $301.83 $54,198.24
84 $54,198.24 $513.52 $0.00 $306.44 $55,018.20
85 $55,018.20 $513.52 $0.00 $311.08 $55,842.80
86 $55,842.80 $513.52 $0.00 $315.74 $56,672.06
87 $56,672.06 $513.52 $0.00 $320.43 $57,506.01
88 $57,506.01 $513.52 $0.00 $325.15 $58,344.68
89 $58,344.68 $513.52 $0.00 $329.89 $59,188.09
90 $59,188.09 $513.52 $0.00 $334.66 $60,036.27
91 $60,036.27 $513.52 $0.00 $339.45 $60,889.24
92 $60,889.24 $513.52 $0.00 $344.28 $61,747.04
93 $61,747.04 $513.52 $0.00 $349.13 $62,609.69
94 $62,609.69 $513.52 $0.00 $354.00 $63,477.21
95 $63,477.21 $513.52 $0.00 $358.91 $64,349.64
96 $64,349.64 $513.52 $0.00 $363.84 $65,227.00
97 $65,227.00 $513.52 $0.00 $368.80 $66,109.32
98 $66,109.32 $513.52 $0.00 $373.79 $66,996.63
99 $66,996.63 $513.52 $0.00 $378.81 $67,888.96
100 $67,888.96 $513.52 $0.00 $383.85 $68,786.33
101 $68,786.33 $513.52 $0.00 $388.93 $69,688.78
102 $69,688.78 $513.52 $0.00 $394.03 $70,596.33
103 $70,596.33 $513.52 $0.00 $399.16 $71,509.01
104 $71,509.01 $513.52 $0.00 $404.32 $72,426.85
105 $72,426.85 $513.52 $0.00 $409.51 $73,349.88
106 $73,349.88 $513.52 $0.00 $414.73 $74,278.13
107 $74,278.13 $513.52 $0.00 $419.98 $75,211.63
108 $75,211.63 $513.52 $0.00 $425.26 $76,150.41
109 $76,150.41 $513.52 $0.00 $430.57 $77,094.50
110 $77,094.50 $513.52 $0.00 $435.90 $78,043.92
111 $78,043.92 $513.52 $0.00 $441.27 $78,998.71
112 $78,998.71 $513.52 $0.00 $446.67 $79,958.90
113 $79,958.90 $513.52 $0.00 $452.10 $80,924.52
114 $80,924.52 $513.52 $0.00 $457.56 $81,895.60
115 $81,895.60 $513.52 $0.00 $463.05 $82,872.17
116 $82,872.17 $513.52 $0.00 $468.57 $83,854.26
117 $83,854.26 $513.52 $0.00 $474.12 $84,841.90
118 $84,841.90 $513.52 $0.00 $479.71 $85,835.13
119 $85,835.13 $513.52 $0.00 $485.32 $86,833.97
120 $86,833.97 $513.52 $0.00 $490.97 $87,838.46
121 $87,838.46 $513.52 $0.00 $496.65 $88,848.63
122 $88,848.63 $513.52 $0.00 $502.36 $89,864.51
123 $89,864.51 $513.52 $0.00 $508.11 $90,886.14
124 $90,886.14 $513.52 $0.00 $513.88 $91,913.54
125 $91,913.54 $513.52 $0.00 $519.69 $92,946.75
126 $92,946.75 $513.52 $0.00 $525.53 $93,985.80
127 $93,985.80 $513.52 $0.00 $531.41 $95,030.73
128 $95,030.73 $513.52 $0.00 $537.32 $96,081.57
129 $96,081.57 $513.52 $0.00 $543.26 $97,138.35
130 $97,138.35 $513.52 $0.00 $549.23 $98,201.10
131 $98,201.10 $513.52 $0.00 $555.24 $99,269.86
132 $99,269.86 $513.52 $0.00 $561.29 $100,344.67
133 $100,344.67 $513.52 $0.00 $567.36 $101,425.55
134 $101,425.55 $513.52 $0.00 $573.47 $102,512.54
135 $102,512.54 $513.52 $0.00 $579.62 $103,605.68
136 $103,605.68 $513.52 $0.00 $585.80 $104,705.00
137 $104,705.00 $513.52 $0.00 $592.02 $105,810.54
138 $105,810.54 $513.52 $0.00 $598.27 $106,922.33
139 $106,922.33 $513.52 $0.00 $604.55 $108,040.40
140 $108,040.40 $513.52 $0.00 $610.88 $109,164.80
141 $109,164.80 $513.52 $0.00 $617.23 $110,295.55
142 $110,295.55 $513.52 $0.00 $623.63 $111,432.70
143 $111,432.70 $513.52 $0.00 $630.06 $112,576.28
144 $112,576.28 $513.52 $0.00 $636.52 $113,726.32
145 $113,726.32 $513.52 $0.00 $643.03 $114,882.87
146 $114,882.87 $513.52 $0.00 $649.56 $116,045.95
147 $116,045.95 $513.52 $0.00 $656.14 $117,215.61
148 $117,215.61 $513.52 $0.00 $662.75 $118,391.88
149 $118,391.88 $513.52 $0.00 $669.40 $119,574.80
150 $119,574.80 $513.52 $0.00 $676.09 $120,764.41
151 $120,764.41 $513.52 $0.00 $682.82 $121,960.75
152 $121,960.75 $513.52 $0.00 $689.58 $123,163.85
153 $123,163.85 $513.52 $0.00 $696.39 $124,373.76
154 $124,373.76 $513.52 $0.00 $703.23 $125,590.51
155 $125,590.51 $513.52 $0.00 $710.11 $126,814.14
156 $126,814.14 $513.52 $0.00 $717.03 $128,044.69
157 $128,044.69 $513.52 $0.00 $723.98 $129,282.19
158 $129,282.19 $513.52 $0.00 $730.98 $130,526.69
159 $130,526.69 $513.52 $0.00 $738.02 $131,778.23
160 $131,778.23 $513.52 $0.00 $745.09 $133,036.84
161 $133,036.84 $513.52 $0.00 $752.21 $134,302.57
162 $134,302.57 $513.52 $0.00 $759.37 $135,575.46
163 $135,575.46 $513.52 $0.00 $766.56 $136,855.54
164 $136,855.54 $513.52 $0.00 $773.80 $138,142.86
165 $138,142.86 $513.52 $0.00 $781.08 $139,437.46
166 $139,437.46 $513.52 $0.00 $788.40 $140,739.38
167 $140,739.38 $513.52 $0.00 $795.76 $142,048.66
168 $142,048.66 $513.52 $0.00 $803.16 $143,365.34
169 $143,365.34 $513.52 $0.00 $810.61 $144,689.47
170 $144,689.47 $513.52 $0.00 $818.10 $146,021.09
171 $146,021.09 $513.52 $0.00 $825.62 $147,360.23
172 $147,360.23 $513.52 $0.00 $833.20 $148,706.95
173 $148,706.95 $513.52 $0.00 $840.81 $150,061.28
174 $150,061.28 $513.52 $0.00 $848.47 $151,423.27
175 $151,423.27 $513.52 $0.00 $856.17 $152,792.96
176 $152,792.96 $513.52 $0.00 $863.91 $154,170.39
177 $154,170.39 $513.52 $0.00 $871.70 $155,555.61
178 $155,555.61 $513.52 $0.00 $879.53 $156,948.66
179 $156,948.66 $513.52 $0.00 $887.41 $158,349.59
180 $158,349.59 $513.52 $0.00 $895.33 $159,758.44
181 $159,758.44 $513.52 $0.00 $903.30 $161,175.26
182 $161,175.26 $513.52 $0.00 $911.31 $162,600.09
183 $162,600.09 $513.52 $0.00 $919.36 $164,032.97
184 $164,032.97 $513.52 $0.00 $927.47 $165,473.96
185 $165,473.96 $513.52 $0.00 $935.61 $166,923.09
186 $166,923.09 $513.52 $0.00 $943.81 $168,380.42
187 $168,380.42 $513.52 $0.00 $952.05 $169,845.99
188 $169,845.99 $513.52 $0.00 $960.33 $171,319.84
189 $171,319.84 $513.52 $0.00 $968.67 $172,802.03
190 $172,802.03 $513.52 $0.00 $977.05 $174,292.60
191 $174,292.60 $513.52 $0.00 $985.48 $175,791.60
192 $175,791.60 $513.52 $0.00 $993.95 $177,299.07
193 $177,299.07 $513.52 $0.00 $1,002.47 $178,815.06
194 $178,815.06 $513.52 $0.00 $1,011.05 $180,339.63
195 $180,339.63 $513.52 $0.00 $1,019.67 $181,872.82
196 $181,872.82 $513.52 $0.00 $1,028.34 $183,414.68
197 $183,414.68 $513.52 $0.00 $1,037.05 $184,965.25
198 $184,965.25 $513.52 $0.00 $1,045.82 $186,524.59
199 $186,524.59 $513.52 $0.00 $1,054.64 $188,092.75
200 $188,092.75 $513.52 $0.00 $1,063.50 $189,669.77
201 $189,669.77 $513.52 $0.00 $1,072.42 $191,255.71
202 $191,255.71 $513.52 $0.00 $1,081.39 $192,850.62
203 $192,850.62 $513.52 $0.00 $1,090.41 $194,454.55
204 $194,454.55 $513.52 $0.00 $1,099.47 $196,067.54
205 $196,067.54 $513.52 $0.00 $1,108.59 $197,689.65
206 $197,689.65 $513.52 $0.00 $1,117.77 $199,320.94
207 $199,320.94 $513.52 $0.00 $1,126.99 $200,961.45
208 $200,961.45 $513.52 $0.00 $1,136.27 $202,611.24
209 $202,611.24 $513.52 $0.00 $1,145.59 $204,270.35
210 $204,270.35 $513.52 $0.00 $1,154.97 $205,938.84
211 $205,938.84 $513.52 $0.00 $1,164.41 $207,616.77
212 $207,616.77 $513.52 $0.00 $1,173.90 $209,304.19
213 $209,304.19 $513.52 $0.00 $1,183.44 $211,001.15
214 $211,001.15 $513.52 $0.00 $1,193.03 $212,707.70
215 $212,707.70 $513.52 $0.00 $1,202.68 $214,423.90
216 $214,423.90 $513.52 $0.00 $1,212.38 $216,149.80
217 $216,149.80 $513.52 $58,537.05 $1,222.14 $159,348.41
218 $159,348.41 $513.52 $0.00 $900.98 $160,762.91
219 $160,762.91 $513.52 $0.00 $908.98 $162,185.41
220 $162,185.41 $513.52 $0.00 $917.02 $163,615.95
221 $163,615.95 $513.52 $0.00 $925.11 $165,054.58
222 $165,054.58 $513.52 $0.00 $933.24 $166,501.34
223 $166,501.34 $513.52 $0.00 $941.42 $167,956.28
224 $167,956.28 $513.52 $0.00 $949.65 $169,419.45
225 $169,419.45 $513.52 $0.00 $957.92 $170,890.89
226 $170,890.89 $513.52 $0.00 $966.24 $172,370.65
227 $172,370.65 $513.52 $0.00 $974.61 $173,858.78
228 $173,858.78 $513.52 $0.00 $983.02 $175,355.32
229 $175,355.32 $513.52 $62,634.64 $991.48 $114,225.68
230 $114,225.68 $513.52 $0.00 $645.85 $115,385.05
231 $115,385.05 $513.52 $0.00 $652.40 $116,550.97
232 $116,550.97 $513.52 $0.00 $659.00 $117,723.49
233 $117,723.49 $513.52 $0.00 $665.63 $118,902.64
234 $118,902.64 $513.52 $0.00 $672.29 $120,088.45
235 $120,088.45 $513.52 $0.00 $679.00 $121,280.97
236 $121,280.97 $513.52 $0.00 $685.74 $122,480.23
237 $122,480.23 $513.52 $0.00 $692.52 $123,686.27
238 $123,686.27 $513.52 $0.00 $699.34 $124,899.13
239 $124,899.13 $513.52 $0.00 $706.20 $126,118.85
240 $126,118.85 $513.52 $0.00 $713.09 $127,345.46
241 $127,345.46 $513.52 $67,019.07 $720.03 $61,559.94
242 $61,559.94 $513.52 $0.00 $348.07 $62,421.53
243 $62,421.53 $513.52 $0.00 $352.94 $63,287.99
244 $63,287.99 $513.52 $0.00 $357.84 $64,159.35
245 $64,159.35 $513.52 $0.00 $362.77 $65,035.64
246 $65,035.64 $513.52 $0.00 $367.72 $65,916.88
247 $65,916.88 $513.52 $0.00 $372.70 $66,803.10
248 $66,803.10 $513.52 $0.00 $377.71 $67,694.33
249 $67,694.33 $513.52 $0.00 $382.75 $68,590.60
250 $68,590.60 $513.52 $0.00 $387.82 $69,491.94
251 $69,491.94 $513.52 $0.00 $392.92 $70,398.38
252 $70,398.38 $513.52 $0.00 $398.04 $71,309.94
253 $71,309.94 $0.00 $71,710.40 $403.20 $2.74