Savings Plan and Future Cost Estimation for AmeriTech College Draper

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$124,254
Monthly savings required$552

How much will it cost to send your child to AmeriTech College Draper in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $248,507.26 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $552.04 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$35,519.00
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 $552.04 $0.00 $0.00 $552.04
2 $552.04 $552.04 $0.00 $3.12 $1,107.20
3 $1,107.20 $552.04 $0.00 $6.26 $1,665.50
4 $1,665.50 $552.04 $0.00 $9.42 $2,226.96
5 $2,226.96 $552.04 $0.00 $12.59 $2,791.59
6 $2,791.59 $552.04 $0.00 $15.78 $3,359.41
7 $3,359.41 $552.04 $0.00 $18.99 $3,930.44
8 $3,930.44 $552.04 $0.00 $22.22 $4,504.70
9 $4,504.70 $552.04 $0.00 $25.47 $5,082.21
10 $5,082.21 $552.04 $0.00 $28.74 $5,662.99
11 $5,662.99 $552.04 $0.00 $32.02 $6,247.05
12 $6,247.05 $552.04 $0.00 $35.32 $6,834.41
13 $6,834.41 $552.04 $0.00 $38.64 $7,425.09
14 $7,425.09 $552.04 $0.00 $41.98 $8,019.11
15 $8,019.11 $552.04 $0.00 $45.34 $8,616.49
16 $8,616.49 $552.04 $0.00 $48.72 $9,217.25
17 $9,217.25 $552.04 $0.00 $52.12 $9,821.41
18 $9,821.41 $552.04 $0.00 $55.53 $10,428.98
19 $10,428.98 $552.04 $0.00 $58.97 $11,039.99
20 $11,039.99 $552.04 $0.00 $62.42 $11,654.45
21 $11,654.45 $552.04 $0.00 $65.90 $12,272.39
22 $12,272.39 $552.04 $0.00 $69.39 $12,893.82
23 $12,893.82 $552.04 $0.00 $72.90 $13,518.76
24 $13,518.76 $552.04 $0.00 $76.44 $14,147.24
25 $14,147.24 $552.04 $0.00 $79.99 $14,779.27
26 $14,779.27 $552.04 $0.00 $83.56 $15,414.87
27 $15,414.87 $552.04 $0.00 $87.16 $16,054.07
28 $16,054.07 $552.04 $0.00 $90.77 $16,696.88
29 $16,696.88 $552.04 $0.00 $94.41 $17,343.33
30 $17,343.33 $552.04 $0.00 $98.06 $17,993.43
31 $17,993.43 $552.04 $0.00 $101.74 $18,647.21
32 $18,647.21 $552.04 $0.00 $105.43 $19,304.68
33 $19,304.68 $552.04 $0.00 $109.15 $19,965.87
34 $19,965.87 $552.04 $0.00 $112.89 $20,630.80
35 $20,630.80 $552.04 $0.00 $116.65 $21,299.49
36 $21,299.49 $552.04 $0.00 $120.43 $21,971.96
37 $21,971.96 $552.04 $0.00 $124.23 $22,648.23
38 $22,648.23 $552.04 $0.00 $128.06 $23,328.33
39 $23,328.33 $552.04 $0.00 $131.90 $24,012.27
40 $24,012.27 $552.04 $0.00 $135.77 $24,700.08
41 $24,700.08 $552.04 $0.00 $139.66 $25,391.78
42 $25,391.78 $552.04 $0.00 $143.57 $26,087.39
43 $26,087.39 $552.04 $0.00 $147.50 $26,786.93
44 $26,786.93 $552.04 $0.00 $151.46 $27,490.43
45 $27,490.43 $552.04 $0.00 $155.43 $28,197.90
46 $28,197.90 $552.04 $0.00 $159.44 $28,909.38
47 $28,909.38 $552.04 $0.00 $163.46 $29,624.88
48 $29,624.88 $552.04 $0.00 $167.50 $30,344.42
49 $30,344.42 $552.04 $0.00 $171.57 $31,068.03
50 $31,068.03 $552.04 $0.00 $175.66 $31,795.73
51 $31,795.73 $552.04 $0.00 $179.78 $32,527.55
52 $32,527.55 $552.04 $0.00 $183.92 $33,263.51
53 $33,263.51 $552.04 $0.00 $188.08 $34,003.63
54 $34,003.63 $552.04 $0.00 $192.26 $34,747.93
55 $34,747.93 $552.04 $0.00 $196.47 $35,496.44
56 $35,496.44 $552.04 $0.00 $200.70 $36,249.18
57 $36,249.18 $552.04 $0.00 $204.96 $37,006.18
58 $37,006.18 $552.04 $0.00 $209.24 $37,767.46
59 $37,767.46 $552.04 $0.00 $213.54 $38,533.04
60 $38,533.04 $552.04 $0.00 $217.87 $39,302.95
61 $39,302.95 $552.04 $0.00 $222.22 $40,077.21
62 $40,077.21 $552.04 $0.00 $226.60 $40,855.85
63 $40,855.85 $552.04 $0.00 $231.00 $41,638.89
64 $41,638.89 $552.04 $0.00 $235.43 $42,426.36
65 $42,426.36 $552.04 $0.00 $239.88 $43,218.28
66 $43,218.28 $552.04 $0.00 $244.36 $44,014.68
67 $44,014.68 $552.04 $0.00 $248.87 $44,815.59
68 $44,815.59 $552.04 $0.00 $253.39 $45,621.02
69 $45,621.02 $552.04 $0.00 $257.95 $46,431.01
70 $46,431.01 $552.04 $0.00 $262.53 $47,245.58
71 $47,245.58 $552.04 $0.00 $267.13 $48,064.75
72 $48,064.75 $552.04 $0.00 $271.77 $48,888.56
73 $48,888.56 $552.04 $0.00 $276.42 $49,717.02
74 $49,717.02 $552.04 $0.00 $281.11 $50,550.17
75 $50,550.17 $552.04 $0.00 $285.82 $51,388.03
76 $51,388.03 $552.04 $0.00 $290.56 $52,230.63
77 $52,230.63 $552.04 $0.00 $295.32 $53,077.99
78 $53,077.99 $552.04 $0.00 $300.11 $53,930.14
79 $53,930.14 $552.04 $0.00 $304.93 $54,787.11
80 $54,787.11 $552.04 $0.00 $309.77 $55,648.92
81 $55,648.92 $552.04 $0.00 $314.65 $56,515.61
82 $56,515.61 $552.04 $0.00 $319.55 $57,387.20
83 $57,387.20 $552.04 $0.00 $324.48 $58,263.72
84 $58,263.72 $552.04 $0.00 $329.43 $59,145.19
85 $59,145.19 $552.04 $0.00 $334.42 $60,031.65
86 $60,031.65 $552.04 $0.00 $339.43 $60,923.12
87 $60,923.12 $552.04 $0.00 $344.47 $61,819.63
88 $61,819.63 $552.04 $0.00 $349.54 $62,721.21
89 $62,721.21 $552.04 $0.00 $354.63 $63,627.88
90 $63,627.88 $552.04 $0.00 $359.76 $64,539.68
91 $64,539.68 $552.04 $0.00 $364.92 $65,456.64
92 $65,456.64 $552.04 $0.00 $370.10 $66,378.78
93 $66,378.78 $552.04 $0.00 $375.32 $67,306.14
94 $67,306.14 $552.04 $0.00 $380.56 $68,238.74
95 $68,238.74 $552.04 $0.00 $385.83 $69,176.61
96 $69,176.61 $552.04 $0.00 $391.13 $70,119.78
97 $70,119.78 $552.04 $0.00 $396.47 $71,068.29
98 $71,068.29 $552.04 $0.00 $401.83 $72,022.16
99 $72,022.16 $552.04 $0.00 $407.22 $72,981.42
100 $72,981.42 $552.04 $0.00 $412.65 $73,946.11
101 $73,946.11 $552.04 $0.00 $418.10 $74,916.25
102 $74,916.25 $552.04 $0.00 $423.59 $75,891.88
103 $75,891.88 $552.04 $0.00 $429.10 $76,873.02
104 $76,873.02 $552.04 $0.00 $434.65 $77,859.71
105 $77,859.71 $552.04 $0.00 $440.23 $78,851.98
106 $78,851.98 $552.04 $0.00 $445.84 $79,849.86
107 $79,849.86 $552.04 $0.00 $451.48 $80,853.38
108 $80,853.38 $552.04 $0.00 $457.16 $81,862.58
109 $81,862.58 $552.04 $0.00 $462.86 $82,877.48
110 $82,877.48 $552.04 $0.00 $468.60 $83,898.12
111 $83,898.12 $552.04 $0.00 $474.37 $84,924.53
112 $84,924.53 $552.04 $0.00 $480.18 $85,956.75
113 $85,956.75 $552.04 $0.00 $486.01 $86,994.80
114 $86,994.80 $552.04 $0.00 $491.88 $88,038.72
115 $88,038.72 $552.04 $0.00 $497.78 $89,088.54
116 $89,088.54 $552.04 $0.00 $503.72 $90,144.30
117 $90,144.30 $552.04 $0.00 $509.69 $91,206.03
118 $91,206.03 $552.04 $0.00 $515.69 $92,273.76
119 $92,273.76 $552.04 $0.00 $521.73 $93,347.53
120 $93,347.53 $552.04 $0.00 $527.80 $94,427.37
121 $94,427.37 $552.04 $0.00 $533.91 $95,513.32
122 $95,513.32 $552.04 $0.00 $540.05 $96,605.41
123 $96,605.41 $552.04 $0.00 $546.22 $97,703.67
124 $97,703.67 $552.04 $0.00 $552.43 $98,808.14
125 $98,808.14 $552.04 $0.00 $558.68 $99,918.86
126 $99,918.86 $552.04 $0.00 $564.96 $101,035.86
127 $101,035.86 $552.04 $0.00 $571.27 $102,159.17
128 $102,159.17 $552.04 $0.00 $577.62 $103,288.83
129 $103,288.83 $552.04 $0.00 $584.01 $104,424.88
130 $104,424.88 $552.04 $0.00 $590.43 $105,567.35
131 $105,567.35 $552.04 $0.00 $596.89 $106,716.28
132 $106,716.28 $552.04 $0.00 $603.39 $107,871.71
133 $107,871.71 $552.04 $0.00 $609.92 $109,033.67
134 $109,033.67 $552.04 $0.00 $616.49 $110,202.20
135 $110,202.20 $552.04 $0.00 $623.10 $111,377.34
136 $111,377.34 $552.04 $0.00 $629.74 $112,559.12
137 $112,559.12 $552.04 $0.00 $636.43 $113,747.59
138 $113,747.59 $552.04 $0.00 $643.15 $114,942.78
139 $114,942.78 $552.04 $0.00 $649.90 $116,144.72
140 $116,144.72 $552.04 $0.00 $656.70 $117,353.46
141 $117,353.46 $552.04 $0.00 $663.53 $118,569.03
142 $118,569.03 $552.04 $0.00 $670.41 $119,791.48
143 $119,791.48 $552.04 $0.00 $677.32 $121,020.84
144 $121,020.84 $552.04 $0.00 $684.27 $122,257.15
145 $122,257.15 $552.04 $0.00 $691.26 $123,500.45
146 $123,500.45 $552.04 $0.00 $698.29 $124,750.78
147 $124,750.78 $552.04 $0.00 $705.36 $126,008.18
148 $126,008.18 $552.04 $0.00 $712.47 $127,272.69
149 $127,272.69 $552.04 $0.00 $719.62 $128,544.35
150 $128,544.35 $552.04 $0.00 $726.81 $129,823.20
151 $129,823.20 $552.04 $0.00 $734.04 $131,109.28
152 $131,109.28 $552.04 $0.00 $741.31 $132,402.63
153 $132,402.63 $552.04 $0.00 $748.62 $133,703.29
154 $133,703.29 $552.04 $0.00 $755.98 $135,011.31
155 $135,011.31 $552.04 $0.00 $763.37 $136,326.72
156 $136,326.72 $552.04 $0.00 $770.81 $137,649.57
157 $137,649.57 $552.04 $0.00 $778.29 $138,979.90
158 $138,979.90 $552.04 $0.00 $785.81 $140,317.75
159 $140,317.75 $552.04 $0.00 $793.38 $141,663.17
160 $141,663.17 $552.04 $0.00 $800.98 $143,016.19
161 $143,016.19 $552.04 $0.00 $808.63 $144,376.86
162 $144,376.86 $552.04 $0.00 $816.33 $145,745.23
163 $145,745.23 $552.04 $0.00 $824.06 $147,121.33
164 $147,121.33 $552.04 $0.00 $831.85 $148,505.22
165 $148,505.22 $552.04 $0.00 $839.67 $149,896.93
166 $149,896.93 $552.04 $0.00 $847.54 $151,296.51
167 $151,296.51 $552.04 $0.00 $855.45 $152,704.00
168 $152,704.00 $552.04 $0.00 $863.41 $154,119.45
169 $154,119.45 $552.04 $0.00 $871.41 $155,542.90
170 $155,542.90 $552.04 $0.00 $879.46 $156,974.40
171 $156,974.40 $552.04 $0.00 $887.56 $158,414.00
172 $158,414.00 $552.04 $0.00 $895.70 $159,861.74
173 $159,861.74 $552.04 $0.00 $903.88 $161,317.66
174 $161,317.66 $552.04 $0.00 $912.11 $162,781.81
175 $162,781.81 $552.04 $0.00 $920.39 $164,254.24
176 $164,254.24 $552.04 $0.00 $928.72 $165,735.00
177 $165,735.00 $552.04 $0.00 $937.09 $167,224.13
178 $167,224.13 $552.04 $0.00 $945.51 $168,721.68
179 $168,721.68 $552.04 $0.00 $953.98 $170,227.70
180 $170,227.70 $552.04 $0.00 $962.49 $171,742.23
181 $171,742.23 $552.04 $0.00 $971.06 $173,265.33
182 $173,265.33 $552.04 $0.00 $979.67 $174,797.04
183 $174,797.04 $552.04 $0.00 $988.33 $176,337.41
184 $176,337.41 $552.04 $0.00 $997.04 $177,886.49
185 $177,886.49 $552.04 $0.00 $1,005.80 $179,444.33
186 $179,444.33 $552.04 $0.00 $1,014.60 $181,010.97
187 $181,010.97 $552.04 $0.00 $1,023.46 $182,586.47
188 $182,586.47 $552.04 $0.00 $1,032.37 $184,170.88
189 $184,170.88 $552.04 $0.00 $1,041.33 $185,764.25
190 $185,764.25 $552.04 $0.00 $1,050.34 $187,366.63
191 $187,366.63 $552.04 $0.00 $1,059.40 $188,978.07
192 $188,978.07 $552.04 $0.00 $1,068.51 $190,598.62
193 $190,598.62 $552.04 $0.00 $1,077.67 $192,228.33
194 $192,228.33 $552.04 $0.00 $1,086.89 $193,867.26
195 $193,867.26 $552.04 $0.00 $1,096.15 $195,515.45
196 $195,515.45 $552.04 $0.00 $1,105.47 $197,172.96
197 $197,172.96 $552.04 $0.00 $1,114.84 $198,839.84
198 $198,839.84 $552.04 $0.00 $1,124.27 $200,516.15
199 $200,516.15 $552.04 $0.00 $1,133.75 $202,201.94
200 $202,201.94 $552.04 $0.00 $1,143.28 $203,897.26
201 $203,897.26 $552.04 $0.00 $1,152.86 $205,602.16
202 $205,602.16 $552.04 $0.00 $1,162.50 $207,316.70
203 $207,316.70 $552.04 $0.00 $1,172.20 $209,040.94
204 $209,040.94 $552.04 $0.00 $1,181.95 $210,774.93
205 $210,774.93 $552.04 $0.00 $1,191.75 $212,518.72
206 $212,518.72 $552.04 $0.00 $1,201.61 $214,272.37
207 $214,272.37 $552.04 $0.00 $1,211.53 $216,035.94
208 $216,035.94 $552.04 $0.00 $1,221.50 $217,809.48
209 $217,809.48 $552.04 $0.00 $1,231.53 $219,593.05
210 $219,593.05 $552.04 $0.00 $1,241.61 $221,386.70
211 $221,386.70 $552.04 $0.00 $1,251.75 $223,190.49
212 $223,190.49 $552.04 $0.00 $1,261.95 $225,004.48
213 $225,004.48 $552.04 $0.00 $1,272.21 $226,828.73
214 $226,828.73 $552.04 $0.00 $1,282.52 $228,663.29
215 $228,663.29 $552.04 $0.00 $1,292.90 $230,508.23
216 $230,508.23 $552.04 $0.00 $1,303.33 $232,363.60
217 $232,363.60 $552.04 $120,051.81 $1,313.82 $114,177.65
218 $114,177.65 $552.04 $0.00 $645.58 $115,375.27
219 $115,375.27 $552.04 $0.00 $652.35 $116,579.66
220 $116,579.66 $552.04 $0.00 $659.16 $117,790.86
221 $117,790.86 $552.04 $0.00 $666.01 $119,008.91
222 $119,008.91 $552.04 $0.00 $672.89 $120,233.84
223 $120,233.84 $552.04 $0.00 $679.82 $121,465.70
224 $121,465.70 $552.04 $0.00 $686.78 $122,704.52
225 $122,704.52 $552.04 $0.00 $693.79 $123,950.35
226 $123,950.35 $552.04 $0.00 $700.83 $125,203.22
227 $125,203.22 $552.04 $0.00 $707.92 $126,463.18
228 $126,463.18 $552.04 $0.00 $715.04 $127,730.26
229 $127,730.26 $0.00 $128,455.44 $722.21 -$2.97