The amount needed to meet your college goals is $27,614. It appears that you need to save $252 per month. Alternatively, you can invest a lump sum of $19,753. <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='0' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='College Need and Accumulated Savings' xAxisName='Year' numberPrefix='$' bgColor='FFFFFF' showBorder='0' borderColor='FFFFFF' borderThickness='0' drawCustomLegend='1' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor='' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><categories><category label='1' /><category label='' /><category label='3' /><category label='' /><category label='5' /><category label='' /><category label='7' /><category label='' /></categories><dataset seriesName='Accumulated Savings' color='004969'><set value='3023.0' /><set value='6234.0' /><set value='9645.0' /><set value='13270.0' /><set value='17120.0' /><set value='14505.0' /><set value='11324.0' /><set value='7518.0' /></dataset><dataset seriesName='College Need' color='36CAF3'><set value='0.0' /><set value='0.0' /><set value='0.0' /><set value='0.0' /><set value='6312.0' /><set value='6691.0' /><set value='7093.0' /><set value='7518.0' /></dataset></chart>"); // --> </script> <table class='pure-table pure-table-bordered' role='grid'><tr><th scope="col">Year</th><th scope="col">Beginning Capital</th><th scope="col">Annual Savings</th><th scope="col">College Need</th><th scope="col">Net Capital</th><th scope="col">After-Tax Earnings</th><th scope="col">Ending Capital</th></tr><tr><td role="rowheader" scope="row">1</td><td>$0</td><td>$3,023</td><td>$0</td><td>$3,023</td><td>$189</td><td>$3,211</td></tr><tr><td role="rowheader" scope="row">2</td><td>3,211</td><td>3,023</td><td>0</td><td>6,234</td><td>389</td><td>6,623</td></tr><tr><td role="rowheader" scope="row">3</td><td>6,623</td><td>3,023</td><td>0</td><td>9,645</td><td>602</td><td>10,247</td></tr><tr><td role="rowheader" scope="row">4</td><td>10,247</td><td>3,023</td><td>0</td><td>13,270</td><td>828</td><td>14,098</td></tr><tr><td role="rowheader" scope="row">5</td><td>14,098</td><td>3,023</td><td>6,312</td><td>10,808</td><td>674</td><td>11,482</td></tr><tr><td role="rowheader" scope="row">6</td><td>11,482</td><td>3,023</td><td>6,691</td><td>7,814</td><td>488</td><td>8,302</td></tr><tr><td role="rowheader" scope="row">7</td><td>8,302</td><td>3,023</td><td>7,093</td><td>4,232</td><td>264</td><td>4,496</td></tr><tr><td role="rowheader" scope="row">8</td><td>4,496</td><td>3,023</td><td>7,518</td><td>0</td><td>0</td><td>0</td></tr></table>