Savings Plan and Future Cost Estimation for Alamance 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$116,358
Monthly savings required$517

How much will it cost to send your child to Alamance Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $232,716.25 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $516.96 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$33,262.00
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 $516.96 $0.00 $0.00 $516.96
2 $516.96 $516.96 $0.00 $2.92 $1,036.84
3 $1,036.84 $516.96 $0.00 $5.86 $1,559.66
4 $1,559.66 $516.96 $0.00 $8.82 $2,085.44
5 $2,085.44 $516.96 $0.00 $11.79 $2,614.19
6 $2,614.19 $516.96 $0.00 $14.78 $3,145.93
7 $3,145.93 $516.96 $0.00 $17.79 $3,680.68
8 $3,680.68 $516.96 $0.00 $20.81 $4,218.45
9 $4,218.45 $516.96 $0.00 $23.85 $4,759.26
10 $4,759.26 $516.96 $0.00 $26.91 $5,303.13
11 $5,303.13 $516.96 $0.00 $29.98 $5,850.07
12 $5,850.07 $516.96 $0.00 $33.08 $6,400.11
13 $6,400.11 $516.96 $0.00 $36.19 $6,953.26
14 $6,953.26 $516.96 $0.00 $39.31 $7,509.53
15 $7,509.53 $516.96 $0.00 $42.46 $8,068.95
16 $8,068.95 $516.96 $0.00 $45.62 $8,631.53
17 $8,631.53 $516.96 $0.00 $48.80 $9,197.29
18 $9,197.29 $516.96 $0.00 $52.00 $9,766.25
19 $9,766.25 $516.96 $0.00 $55.22 $10,338.43
20 $10,338.43 $516.96 $0.00 $58.45 $10,913.84
21 $10,913.84 $516.96 $0.00 $61.71 $11,492.51
22 $11,492.51 $516.96 $0.00 $64.98 $12,074.45
23 $12,074.45 $516.96 $0.00 $68.27 $12,659.68
24 $12,659.68 $516.96 $0.00 $71.58 $13,248.22
25 $13,248.22 $516.96 $0.00 $74.91 $13,840.09
26 $13,840.09 $516.96 $0.00 $78.25 $14,435.30
27 $14,435.30 $516.96 $0.00 $81.62 $15,033.88
28 $15,033.88 $516.96 $0.00 $85.00 $15,635.84
29 $15,635.84 $516.96 $0.00 $88.41 $16,241.21
30 $16,241.21 $516.96 $0.00 $91.83 $16,850.00
31 $16,850.00 $516.96 $0.00 $95.27 $17,462.23
32 $17,462.23 $516.96 $0.00 $98.73 $18,077.92
33 $18,077.92 $516.96 $0.00 $102.22 $18,697.10
34 $18,697.10 $516.96 $0.00 $105.72 $19,319.78
35 $19,319.78 $516.96 $0.00 $109.24 $19,945.98
36 $19,945.98 $516.96 $0.00 $112.78 $20,575.72
37 $20,575.72 $516.96 $0.00 $116.34 $21,209.02
38 $21,209.02 $516.96 $0.00 $119.92 $21,845.90
39 $21,845.90 $516.96 $0.00 $123.52 $22,486.38
40 $22,486.38 $516.96 $0.00 $127.14 $23,130.48
41 $23,130.48 $516.96 $0.00 $130.78 $23,778.22
42 $23,778.22 $516.96 $0.00 $134.45 $24,429.63
43 $24,429.63 $516.96 $0.00 $138.13 $25,084.72
44 $25,084.72 $516.96 $0.00 $141.83 $25,743.51
45 $25,743.51 $516.96 $0.00 $145.56 $26,406.03
46 $26,406.03 $516.96 $0.00 $149.30 $27,072.29
47 $27,072.29 $516.96 $0.00 $153.07 $27,742.32
48 $27,742.32 $516.96 $0.00 $156.86 $28,416.14
49 $28,416.14 $516.96 $0.00 $160.67 $29,093.77
50 $29,093.77 $516.96 $0.00 $164.50 $29,775.23
51 $29,775.23 $516.96 $0.00 $168.35 $30,460.54
52 $30,460.54 $516.96 $0.00 $172.23 $31,149.73
53 $31,149.73 $516.96 $0.00 $176.13 $31,842.82
54 $31,842.82 $516.96 $0.00 $180.04 $32,539.82
55 $32,539.82 $516.96 $0.00 $183.98 $33,240.76
56 $33,240.76 $516.96 $0.00 $187.95 $33,945.67
57 $33,945.67 $516.96 $0.00 $191.93 $34,654.56
58 $34,654.56 $516.96 $0.00 $195.94 $35,367.46
59 $35,367.46 $516.96 $0.00 $199.97 $36,084.39
60 $36,084.39 $516.96 $0.00 $204.03 $36,805.38
61 $36,805.38 $516.96 $0.00 $208.10 $37,530.44
62 $37,530.44 $516.96 $0.00 $212.20 $38,259.60
63 $38,259.60 $516.96 $0.00 $216.33 $38,992.89
64 $38,992.89 $516.96 $0.00 $220.47 $39,730.32
65 $39,730.32 $516.96 $0.00 $224.64 $40,471.92
66 $40,471.92 $516.96 $0.00 $228.83 $41,217.71
67 $41,217.71 $516.96 $0.00 $233.05 $41,967.72
68 $41,967.72 $516.96 $0.00 $237.29 $42,721.97
69 $42,721.97 $516.96 $0.00 $241.56 $43,480.49
70 $43,480.49 $516.96 $0.00 $245.85 $44,243.30
71 $44,243.30 $516.96 $0.00 $250.16 $45,010.42
72 $45,010.42 $516.96 $0.00 $254.50 $45,781.88
73 $45,781.88 $516.96 $0.00 $258.86 $46,557.70
74 $46,557.70 $516.96 $0.00 $263.24 $47,337.90
75 $47,337.90 $516.96 $0.00 $267.66 $48,122.52
76 $48,122.52 $516.96 $0.00 $272.09 $48,911.57
77 $48,911.57 $516.96 $0.00 $276.55 $49,705.08
78 $49,705.08 $516.96 $0.00 $281.04 $50,503.08
79 $50,503.08 $516.96 $0.00 $285.55 $51,305.59
80 $51,305.59 $516.96 $0.00 $290.09 $52,112.64
81 $52,112.64 $516.96 $0.00 $294.65 $52,924.25
82 $52,924.25 $516.96 $0.00 $299.24 $53,740.45
83 $53,740.45 $516.96 $0.00 $303.86 $54,561.27
84 $54,561.27 $516.96 $0.00 $308.50 $55,386.73
85 $55,386.73 $516.96 $0.00 $313.16 $56,216.85
86 $56,216.85 $516.96 $0.00 $317.86 $57,051.67
87 $57,051.67 $516.96 $0.00 $322.58 $57,891.21
88 $57,891.21 $516.96 $0.00 $327.33 $58,735.50
89 $58,735.50 $516.96 $0.00 $332.10 $59,584.56
90 $59,584.56 $516.96 $0.00 $336.90 $60,438.42
91 $60,438.42 $516.96 $0.00 $341.73 $61,297.11
92 $61,297.11 $516.96 $0.00 $346.58 $62,160.65
93 $62,160.65 $516.96 $0.00 $351.47 $63,029.08
94 $63,029.08 $516.96 $0.00 $356.38 $63,902.42
95 $63,902.42 $516.96 $0.00 $361.31 $64,780.69
96 $64,780.69 $516.96 $0.00 $366.28 $65,663.93
97 $65,663.93 $516.96 $0.00 $371.27 $66,552.16
98 $66,552.16 $516.96 $0.00 $376.30 $67,445.42
99 $67,445.42 $516.96 $0.00 $381.35 $68,343.73
100 $68,343.73 $516.96 $0.00 $386.43 $69,247.12
101 $69,247.12 $516.96 $0.00 $391.53 $70,155.61
102 $70,155.61 $516.96 $0.00 $396.67 $71,069.24
103 $71,069.24 $516.96 $0.00 $401.84 $71,988.04
104 $71,988.04 $516.96 $0.00 $407.03 $72,912.03
105 $72,912.03 $516.96 $0.00 $412.26 $73,841.25
106 $73,841.25 $516.96 $0.00 $417.51 $74,775.72
107 $74,775.72 $516.96 $0.00 $422.79 $75,715.47
108 $75,715.47 $516.96 $0.00 $428.11 $76,660.54
109 $76,660.54 $516.96 $0.00 $433.45 $77,610.95
110 $77,610.95 $516.96 $0.00 $438.82 $78,566.73
111 $78,566.73 $516.96 $0.00 $444.23 $79,527.92
112 $79,527.92 $516.96 $0.00 $449.66 $80,494.54
113 $80,494.54 $516.96 $0.00 $455.13 $81,466.63
114 $81,466.63 $516.96 $0.00 $460.62 $82,444.21
115 $82,444.21 $516.96 $0.00 $466.15 $83,427.32
116 $83,427.32 $516.96 $0.00 $471.71 $84,415.99
117 $84,415.99 $516.96 $0.00 $477.30 $85,410.25
118 $85,410.25 $516.96 $0.00 $482.92 $86,410.13
119 $86,410.13 $516.96 $0.00 $488.58 $87,415.67
120 $87,415.67 $516.96 $0.00 $494.26 $88,426.89
121 $88,426.89 $516.96 $0.00 $499.98 $89,443.83
122 $89,443.83 $516.96 $0.00 $505.73 $90,466.52
123 $90,466.52 $516.96 $0.00 $511.51 $91,494.99
124 $91,494.99 $516.96 $0.00 $517.33 $92,529.28
125 $92,529.28 $516.96 $0.00 $523.17 $93,569.41
126 $93,569.41 $516.96 $0.00 $529.06 $94,615.43
127 $94,615.43 $516.96 $0.00 $534.97 $95,667.36
128 $95,667.36 $516.96 $0.00 $540.92 $96,725.24
129 $96,725.24 $516.96 $0.00 $546.90 $97,789.10
130 $97,789.10 $516.96 $0.00 $552.91 $98,858.97
131 $98,858.97 $516.96 $0.00 $558.96 $99,934.89
132 $99,934.89 $516.96 $0.00 $565.05 $101,016.90
133 $101,016.90 $516.96 $0.00 $571.16 $102,105.02
134 $102,105.02 $516.96 $0.00 $577.32 $103,199.30
135 $103,199.30 $516.96 $0.00 $583.50 $104,299.76
136 $104,299.76 $516.96 $0.00 $589.73 $105,406.45
137 $105,406.45 $516.96 $0.00 $595.98 $106,519.39
138 $106,519.39 $516.96 $0.00 $602.28 $107,638.63
139 $107,638.63 $516.96 $0.00 $608.60 $108,764.19
140 $108,764.19 $516.96 $0.00 $614.97 $109,896.12
141 $109,896.12 $516.96 $0.00 $621.37 $111,034.45
142 $111,034.45 $516.96 $0.00 $627.80 $112,179.21
143 $112,179.21 $516.96 $0.00 $634.28 $113,330.45
144 $113,330.45 $516.96 $0.00 $640.79 $114,488.20
145 $114,488.20 $516.96 $0.00 $647.33 $115,652.49
146 $115,652.49 $516.96 $0.00 $653.92 $116,823.37
147 $116,823.37 $516.96 $0.00 $660.54 $118,000.87
148 $118,000.87 $516.96 $0.00 $667.19 $119,185.02
149 $119,185.02 $516.96 $0.00 $673.89 $120,375.87
150 $120,375.87 $516.96 $0.00 $680.62 $121,573.45
151 $121,573.45 $516.96 $0.00 $687.39 $122,777.80
152 $122,777.80 $516.96 $0.00 $694.20 $123,988.96
153 $123,988.96 $516.96 $0.00 $701.05 $125,206.97
154 $125,206.97 $516.96 $0.00 $707.94 $126,431.87
155 $126,431.87 $516.96 $0.00 $714.86 $127,663.69
156 $127,663.69 $516.96 $0.00 $721.83 $128,902.48
157 $128,902.48 $516.96 $0.00 $728.83 $130,148.27
158 $130,148.27 $516.96 $0.00 $735.88 $131,401.11
159 $131,401.11 $516.96 $0.00 $742.96 $132,661.03
160 $132,661.03 $516.96 $0.00 $750.08 $133,928.07
161 $133,928.07 $516.96 $0.00 $757.25 $135,202.28
162 $135,202.28 $516.96 $0.00 $764.45 $136,483.69
163 $136,483.69 $516.96 $0.00 $771.70 $137,772.35
164 $137,772.35 $516.96 $0.00 $778.98 $139,068.29
165 $139,068.29 $516.96 $0.00 $786.31 $140,371.56
166 $140,371.56 $516.96 $0.00 $793.68 $141,682.20
167 $141,682.20 $516.96 $0.00 $801.09 $143,000.25
168 $143,000.25 $516.96 $0.00 $808.54 $144,325.75
169 $144,325.75 $516.96 $0.00 $816.04 $145,658.75
170 $145,658.75 $516.96 $0.00 $823.58 $146,999.29
171 $146,999.29 $516.96 $0.00 $831.16 $148,347.41
172 $148,347.41 $516.96 $0.00 $838.78 $149,703.15
173 $149,703.15 $516.96 $0.00 $846.44 $151,066.55
174 $151,066.55 $516.96 $0.00 $854.15 $152,437.66
175 $152,437.66 $516.96 $0.00 $861.90 $153,816.52
176 $153,816.52 $516.96 $0.00 $869.70 $155,203.18
177 $155,203.18 $516.96 $0.00 $877.54 $156,597.68
178 $156,597.68 $516.96 $0.00 $885.43 $158,000.07
179 $158,000.07 $516.96 $0.00 $893.36 $159,410.39
180 $159,410.39 $516.96 $0.00 $901.33 $160,828.68
181 $160,828.68 $516.96 $0.00 $909.35 $162,254.99
182 $162,254.99 $516.96 $0.00 $917.41 $163,689.36
183 $163,689.36 $516.96 $0.00 $925.52 $165,131.84
184 $165,131.84 $516.96 $0.00 $933.68 $166,582.48
185 $166,582.48 $516.96 $0.00 $941.88 $168,041.32
186 $168,041.32 $516.96 $0.00 $950.13 $169,508.41
187 $169,508.41 $516.96 $0.00 $958.43 $170,983.80
188 $170,983.80 $516.96 $0.00 $966.77 $172,467.53
189 $172,467.53 $516.96 $0.00 $975.16 $173,959.65
190 $173,959.65 $516.96 $0.00 $983.59 $175,460.20
191 $175,460.20 $516.96 $0.00 $992.08 $176,969.24
192 $176,969.24 $516.96 $0.00 $1,000.61 $178,486.81
193 $178,486.81 $516.96 $0.00 $1,009.19 $180,012.96
194 $180,012.96 $516.96 $0.00 $1,017.82 $181,547.74
195 $181,547.74 $516.96 $0.00 $1,026.50 $183,091.20
196 $183,091.20 $516.96 $0.00 $1,035.22 $184,643.38
197 $184,643.38 $516.96 $0.00 $1,044.00 $186,204.34
198 $186,204.34 $516.96 $0.00 $1,052.83 $187,774.13
199 $187,774.13 $516.96 $0.00 $1,061.70 $189,352.79
200 $189,352.79 $516.96 $0.00 $1,070.63 $190,940.38
201 $190,940.38 $516.96 $0.00 $1,079.60 $192,536.94
202 $192,536.94 $516.96 $0.00 $1,088.63 $194,142.53
203 $194,142.53 $516.96 $0.00 $1,097.71 $195,757.20
204 $195,757.20 $516.96 $0.00 $1,106.84 $197,381.00
205 $197,381.00 $516.96 $0.00 $1,116.02 $199,013.98
206 $199,013.98 $516.96 $0.00 $1,125.25 $200,656.19
207 $200,656.19 $516.96 $0.00 $1,134.54 $202,307.69
208 $202,307.69 $516.96 $0.00 $1,143.88 $203,968.53
209 $203,968.53 $516.96 $0.00 $1,153.27 $205,638.76
210 $205,638.76 $516.96 $0.00 $1,162.71 $207,318.43
211 $207,318.43 $516.96 $0.00 $1,172.21 $209,007.60
212 $209,007.60 $516.96 $0.00 $1,181.76 $210,706.32
213 $210,706.32 $516.96 $0.00 $1,191.36 $212,414.64
214 $212,414.64 $516.96 $0.00 $1,201.02 $214,132.62
215 $214,132.62 $516.96 $0.00 $1,210.74 $215,860.32
216 $215,860.32 $516.96 $0.00 $1,220.51 $217,597.79
217 $217,597.79 $516.96 $112,423.31 $1,230.33 $106,921.77
218 $106,921.77 $516.96 $0.00 $604.55 $108,043.28
219 $108,043.28 $516.96 $0.00 $610.89 $109,171.13
220 $109,171.13 $516.96 $0.00 $617.27 $110,305.36
221 $110,305.36 $516.96 $0.00 $623.68 $111,446.00
222 $111,446.00 $516.96 $0.00 $630.13 $112,593.09
223 $112,593.09 $516.96 $0.00 $636.62 $113,746.67
224 $113,746.67 $516.96 $0.00 $643.14 $114,906.77
225 $114,906.77 $516.96 $0.00 $649.70 $116,073.43
226 $116,073.43 $516.96 $0.00 $656.30 $117,246.69
227 $117,246.69 $516.96 $0.00 $662.93 $118,426.58
228 $118,426.58 $516.96 $0.00 $669.60 $119,613.14
229 $119,613.14 $0.00 $120,292.94 $676.31 -$3.49