Savings Plan and Future Cost Estimation for Portland 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$83,247
Monthly savings required$370

How much will it cost to send your child to Portland Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $166,494.75 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $369.86 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$23,797.00
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 $369.86 $0.00 $0.00 $369.86
2 $369.86 $369.86 $0.00 $2.09 $741.81
3 $741.81 $369.86 $0.00 $4.19 $1,115.86
4 $1,115.86 $369.86 $0.00 $6.31 $1,492.03
5 $1,492.03 $369.86 $0.00 $8.44 $1,870.33
6 $1,870.33 $369.86 $0.00 $10.58 $2,250.77
7 $2,250.77 $369.86 $0.00 $12.73 $2,633.36
8 $2,633.36 $369.86 $0.00 $14.89 $3,018.11
9 $3,018.11 $369.86 $0.00 $17.06 $3,405.03
10 $3,405.03 $369.86 $0.00 $19.25 $3,794.14
11 $3,794.14 $369.86 $0.00 $21.45 $4,185.45
12 $4,185.45 $369.86 $0.00 $23.67 $4,578.98
13 $4,578.98 $369.86 $0.00 $25.89 $4,974.73
14 $4,974.73 $369.86 $0.00 $28.13 $5,372.72
15 $5,372.72 $369.86 $0.00 $30.38 $5,772.96
16 $5,772.96 $369.86 $0.00 $32.64 $6,175.46
17 $6,175.46 $369.86 $0.00 $34.92 $6,580.24
18 $6,580.24 $369.86 $0.00 $37.21 $6,987.31
19 $6,987.31 $369.86 $0.00 $39.51 $7,396.68
20 $7,396.68 $369.86 $0.00 $41.82 $7,808.36
21 $7,808.36 $369.86 $0.00 $44.15 $8,222.37
22 $8,222.37 $369.86 $0.00 $46.49 $8,638.72
23 $8,638.72 $369.86 $0.00 $48.84 $9,057.42
24 $9,057.42 $369.86 $0.00 $51.21 $9,478.49
25 $9,478.49 $369.86 $0.00 $53.59 $9,901.94
26 $9,901.94 $369.86 $0.00 $55.99 $10,327.79
27 $10,327.79 $369.86 $0.00 $58.39 $10,756.04
28 $10,756.04 $369.86 $0.00 $60.82 $11,186.72
29 $11,186.72 $369.86 $0.00 $63.25 $11,619.83
30 $11,619.83 $369.86 $0.00 $65.70 $12,055.39
31 $12,055.39 $369.86 $0.00 $68.16 $12,493.41
32 $12,493.41 $369.86 $0.00 $70.64 $12,933.91
33 $12,933.91 $369.86 $0.00 $73.13 $13,376.90
34 $13,376.90 $369.86 $0.00 $75.63 $13,822.39
35 $13,822.39 $369.86 $0.00 $78.15 $14,270.40
36 $14,270.40 $369.86 $0.00 $80.69 $14,720.95
37 $14,720.95 $369.86 $0.00 $83.23 $15,174.04
38 $15,174.04 $369.86 $0.00 $85.80 $15,629.70
39 $15,629.70 $369.86 $0.00 $88.37 $16,087.93
40 $16,087.93 $369.86 $0.00 $90.96 $16,548.75
41 $16,548.75 $369.86 $0.00 $93.57 $17,012.18
42 $17,012.18 $369.86 $0.00 $96.19 $17,478.23
43 $17,478.23 $369.86 $0.00 $98.82 $17,946.91
44 $17,946.91 $369.86 $0.00 $101.47 $18,418.24
45 $18,418.24 $369.86 $0.00 $104.14 $18,892.24
46 $18,892.24 $369.86 $0.00 $106.82 $19,368.92
47 $19,368.92 $369.86 $0.00 $109.51 $19,848.29
48 $19,848.29 $369.86 $0.00 $112.23 $20,330.38
49 $20,330.38 $369.86 $0.00 $114.95 $20,815.19
50 $20,815.19 $369.86 $0.00 $117.69 $21,302.74
51 $21,302.74 $369.86 $0.00 $120.45 $21,793.05
52 $21,793.05 $369.86 $0.00 $123.22 $22,286.13
53 $22,286.13 $369.86 $0.00 $126.01 $22,782.00
54 $22,782.00 $369.86 $0.00 $128.81 $23,280.67
55 $23,280.67 $369.86 $0.00 $131.63 $23,782.16
56 $23,782.16 $369.86 $0.00 $134.47 $24,286.49
57 $24,286.49 $369.86 $0.00 $137.32 $24,793.67
58 $24,793.67 $369.86 $0.00 $140.19 $25,303.72
59 $25,303.72 $369.86 $0.00 $143.07 $25,816.65
60 $25,816.65 $369.86 $0.00 $145.97 $26,332.48
61 $26,332.48 $369.86 $0.00 $148.89 $26,851.23
62 $26,851.23 $369.86 $0.00 $151.82 $27,372.91
63 $27,372.91 $369.86 $0.00 $154.77 $27,897.54
64 $27,897.54 $369.86 $0.00 $157.74 $28,425.14
65 $28,425.14 $369.86 $0.00 $160.72 $28,955.72
66 $28,955.72 $369.86 $0.00 $163.72 $29,489.30
67 $29,489.30 $369.86 $0.00 $166.74 $30,025.90
68 $30,025.90 $369.86 $0.00 $169.77 $30,565.53
69 $30,565.53 $369.86 $0.00 $172.82 $31,108.21
70 $31,108.21 $369.86 $0.00 $175.89 $31,653.96
71 $31,653.96 $369.86 $0.00 $178.98 $32,202.80
72 $32,202.80 $369.86 $0.00 $182.08 $32,754.74
73 $32,754.74 $369.86 $0.00 $185.20 $33,309.80
74 $33,309.80 $369.86 $0.00 $188.34 $33,868.00
75 $33,868.00 $369.86 $0.00 $191.49 $34,429.35
76 $34,429.35 $369.86 $0.00 $194.67 $34,993.88
77 $34,993.88 $369.86 $0.00 $197.86 $35,561.60
78 $35,561.60 $369.86 $0.00 $201.07 $36,132.53
79 $36,132.53 $369.86 $0.00 $204.30 $36,706.69
80 $36,706.69 $369.86 $0.00 $207.54 $37,284.09
81 $37,284.09 $369.86 $0.00 $210.81 $37,864.76
82 $37,864.76 $369.86 $0.00 $214.09 $38,448.71
83 $38,448.71 $369.86 $0.00 $217.39 $39,035.96
84 $39,035.96 $369.86 $0.00 $220.71 $39,626.53
85 $39,626.53 $369.86 $0.00 $224.05 $40,220.44
86 $40,220.44 $369.86 $0.00 $227.41 $40,817.71
87 $40,817.71 $369.86 $0.00 $230.79 $41,418.36
88 $41,418.36 $369.86 $0.00 $234.19 $42,022.41
89 $42,022.41 $369.86 $0.00 $237.60 $42,629.87
90 $42,629.87 $369.86 $0.00 $241.04 $43,240.77
91 $43,240.77 $369.86 $0.00 $244.49 $43,855.12
92 $43,855.12 $369.86 $0.00 $247.96 $44,472.94
93 $44,472.94 $369.86 $0.00 $251.46 $45,094.26
94 $45,094.26 $369.86 $0.00 $254.97 $45,719.09
95 $45,719.09 $369.86 $0.00 $258.50 $46,347.45
96 $46,347.45 $369.86 $0.00 $262.06 $46,979.37
97 $46,979.37 $369.86 $0.00 $265.63 $47,614.86
98 $47,614.86 $369.86 $0.00 $269.22 $48,253.94
99 $48,253.94 $369.86 $0.00 $272.83 $48,896.63
100 $48,896.63 $369.86 $0.00 $276.47 $49,542.96
101 $49,542.96 $369.86 $0.00 $280.12 $50,192.94
102 $50,192.94 $369.86 $0.00 $283.80 $50,846.60
103 $50,846.60 $369.86 $0.00 $287.49 $51,503.95
104 $51,503.95 $369.86 $0.00 $291.21 $52,165.02
105 $52,165.02 $369.86 $0.00 $294.95 $52,829.83
106 $52,829.83 $369.86 $0.00 $298.71 $53,498.40
107 $53,498.40 $369.86 $0.00 $302.49 $54,170.75
108 $54,170.75 $369.86 $0.00 $306.29 $54,846.90
109 $54,846.90 $369.86 $0.00 $310.11 $55,526.87
110 $55,526.87 $369.86 $0.00 $313.96 $56,210.69
111 $56,210.69 $369.86 $0.00 $317.82 $56,898.37
112 $56,898.37 $369.86 $0.00 $321.71 $57,589.94
113 $57,589.94 $369.86 $0.00 $325.62 $58,285.42
114 $58,285.42 $369.86 $0.00 $329.55 $58,984.83
115 $58,984.83 $369.86 $0.00 $333.51 $59,688.20
116 $59,688.20 $369.86 $0.00 $337.49 $60,395.55
117 $60,395.55 $369.86 $0.00 $341.49 $61,106.90
118 $61,106.90 $369.86 $0.00 $345.51 $61,822.27
119 $61,822.27 $369.86 $0.00 $349.55 $62,541.68
120 $62,541.68 $369.86 $0.00 $353.62 $63,265.16
121 $63,265.16 $369.86 $0.00 $357.71 $63,992.73
122 $63,992.73 $369.86 $0.00 $361.82 $64,724.41
123 $64,724.41 $369.86 $0.00 $365.96 $65,460.23
124 $65,460.23 $369.86 $0.00 $370.12 $66,200.21
125 $66,200.21 $369.86 $0.00 $374.31 $66,944.38
126 $66,944.38 $369.86 $0.00 $378.51 $67,692.75
127 $67,692.75 $369.86 $0.00 $382.74 $68,445.35
128 $68,445.35 $369.86 $0.00 $387.00 $69,202.21
129 $69,202.21 $369.86 $0.00 $391.28 $69,963.35
130 $69,963.35 $369.86 $0.00 $395.58 $70,728.79
131 $70,728.79 $369.86 $0.00 $399.91 $71,498.56
132 $71,498.56 $369.86 $0.00 $404.26 $72,272.68
133 $72,272.68 $369.86 $0.00 $408.64 $73,051.18
134 $73,051.18 $369.86 $0.00 $413.04 $73,834.08
135 $73,834.08 $369.86 $0.00 $417.47 $74,621.41
136 $74,621.41 $369.86 $0.00 $421.92 $75,413.19
137 $75,413.19 $369.86 $0.00 $426.40 $76,209.45
138 $76,209.45 $369.86 $0.00 $430.90 $77,010.21
139 $77,010.21 $369.86 $0.00 $435.43 $77,815.50
140 $77,815.50 $369.86 $0.00 $439.98 $78,625.34
141 $78,625.34 $369.86 $0.00 $444.56 $79,439.76
142 $79,439.76 $369.86 $0.00 $449.16 $80,258.78
143 $80,258.78 $369.86 $0.00 $453.79 $81,082.43
144 $81,082.43 $369.86 $0.00 $458.45 $81,910.74
145 $81,910.74 $369.86 $0.00 $463.14 $82,743.74
146 $82,743.74 $369.86 $0.00 $467.85 $83,581.45
147 $83,581.45 $369.86 $0.00 $472.58 $84,423.89
148 $84,423.89 $369.86 $0.00 $477.34 $85,271.09
149 $85,271.09 $369.86 $0.00 $482.14 $86,123.09
150 $86,123.09 $369.86 $0.00 $486.95 $86,979.90
151 $86,979.90 $369.86 $0.00 $491.80 $87,841.56
152 $87,841.56 $369.86 $0.00 $496.67 $88,708.09
153 $88,708.09 $369.86 $0.00 $501.57 $89,579.52
154 $89,579.52 $369.86 $0.00 $506.50 $90,455.88
155 $90,455.88 $369.86 $0.00 $511.45 $91,337.19
156 $91,337.19 $369.86 $0.00 $516.43 $92,223.48
157 $92,223.48 $369.86 $0.00 $521.44 $93,114.78
158 $93,114.78 $369.86 $0.00 $526.48 $94,011.12
159 $94,011.12 $369.86 $0.00 $531.55 $94,912.53
160 $94,912.53 $369.86 $0.00 $536.65 $95,819.04
161 $95,819.04 $369.86 $0.00 $541.77 $96,730.67
162 $96,730.67 $369.86 $0.00 $546.93 $97,647.46
163 $97,647.46 $369.86 $0.00 $552.11 $98,569.43
164 $98,569.43 $369.86 $0.00 $557.33 $99,496.62
165 $99,496.62 $369.86 $0.00 $562.57 $100,429.05
166 $100,429.05 $369.86 $0.00 $567.84 $101,366.75
167 $101,366.75 $369.86 $0.00 $573.14 $102,309.75
168 $102,309.75 $369.86 $0.00 $578.47 $103,258.08
169 $103,258.08 $369.86 $0.00 $583.84 $104,211.78
170 $104,211.78 $369.86 $0.00 $589.23 $105,170.87
171 $105,170.87 $369.86 $0.00 $594.65 $106,135.38
172 $106,135.38 $369.86 $0.00 $600.10 $107,105.34
173 $107,105.34 $369.86 $0.00 $605.59 $108,080.79
174 $108,080.79 $369.86 $0.00 $611.10 $109,061.75
175 $109,061.75 $369.86 $0.00 $616.65 $110,048.26
176 $110,048.26 $369.86 $0.00 $622.23 $111,040.35
177 $111,040.35 $369.86 $0.00 $627.84 $112,038.05
178 $112,038.05 $369.86 $0.00 $633.48 $113,041.39
179 $113,041.39 $369.86 $0.00 $639.15 $114,050.40
180 $114,050.40 $369.86 $0.00 $644.86 $115,065.12
181 $115,065.12 $369.86 $0.00 $650.59 $116,085.57
182 $116,085.57 $369.86 $0.00 $656.36 $117,111.79
183 $117,111.79 $369.86 $0.00 $662.17 $118,143.82
184 $118,143.82 $369.86 $0.00 $668.00 $119,181.68
185 $119,181.68 $369.86 $0.00 $673.87 $120,225.41
186 $120,225.41 $369.86 $0.00 $679.77 $121,275.04
187 $121,275.04 $369.86 $0.00 $685.71 $122,330.61
188 $122,330.61 $369.86 $0.00 $691.68 $123,392.15
189 $123,392.15 $369.86 $0.00 $697.68 $124,459.69
190 $124,459.69 $369.86 $0.00 $703.71 $125,533.26
191 $125,533.26 $369.86 $0.00 $709.78 $126,612.90
192 $126,612.90 $369.86 $0.00 $715.89 $127,698.65
193 $127,698.65 $369.86 $0.00 $722.03 $128,790.54
194 $128,790.54 $369.86 $0.00 $728.20 $129,888.60
195 $129,888.60 $369.86 $0.00 $734.41 $130,992.87
196 $130,992.87 $369.86 $0.00 $740.65 $132,103.38
197 $132,103.38 $369.86 $0.00 $746.93 $133,220.17
198 $133,220.17 $369.86 $0.00 $753.25 $134,343.28
199 $134,343.28 $369.86 $0.00 $759.60 $135,472.74
200 $135,472.74 $369.86 $0.00 $765.98 $136,608.58
201 $136,608.58 $369.86 $0.00 $772.40 $137,750.84
202 $137,750.84 $369.86 $0.00 $778.86 $138,899.56
203 $138,899.56 $369.86 $0.00 $785.36 $140,054.78
204 $140,054.78 $369.86 $0.00 $791.89 $141,216.53
205 $141,216.53 $369.86 $0.00 $798.46 $142,384.85
206 $142,384.85 $369.86 $0.00 $805.06 $143,559.77
207 $143,559.77 $369.86 $0.00 $811.71 $144,741.34
208 $144,741.34 $369.86 $0.00 $818.39 $145,929.59
209 $145,929.59 $369.86 $0.00 $825.11 $147,124.56
210 $147,124.56 $369.86 $0.00 $831.86 $148,326.28
211 $148,326.28 $369.86 $0.00 $838.66 $149,534.80
212 $149,534.80 $369.86 $0.00 $845.49 $150,750.15
213 $150,750.15 $369.86 $0.00 $852.36 $151,972.37
214 $151,972.37 $369.86 $0.00 $859.27 $153,201.50
215 $153,201.50 $369.86 $0.00 $866.22 $154,437.58
216 $154,437.58 $369.86 $0.00 $873.21 $155,680.65
217 $155,680.65 $369.86 $80,432.25 $880.24 $76,498.50
218 $76,498.50 $369.86 $0.00 $432.53 $77,300.89
219 $77,300.89 $369.86 $0.00 $437.07 $78,107.82
220 $78,107.82 $369.86 $0.00 $441.63 $78,919.31
221 $78,919.31 $369.86 $0.00 $446.22 $79,735.39
222 $79,735.39 $369.86 $0.00 $450.84 $80,556.09
223 $80,556.09 $369.86 $0.00 $455.48 $81,381.43
224 $81,381.43 $369.86 $0.00 $460.14 $82,211.43
225 $82,211.43 $369.86 $0.00 $464.84 $83,046.13
226 $83,046.13 $369.86 $0.00 $469.55 $83,885.54
227 $83,885.54 $369.86 $0.00 $474.30 $84,729.70
228 $84,729.70 $369.86 $0.00 $479.07 $85,578.63
229 $85,578.63 $0.00 $86,062.51 $483.87 -$0.01