The amount needed to meet your college goals is $409,340. It appears that you need to save $1,840 per month. Alternatively, you can invest a lump sum of $214,794. <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='0' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='College Need and Accumulated Savings' xAxisName='Year' numberPrefix='$' 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='' /><category label='9' /><category label='' /><category label='11' /><category label='' /><category label='13' /><category label='' /></categories><dataset seriesName='Accumulated Savings' color='004969'><set value='22076.0' /><set value='45529.0' /><set value='70446.0' /><set value='96917.0' /><set value='125041.0' /><set value='154919.0' /><set value='186662.0' /><set value='220385.0' /><set value='256213.0' /><set value='251944.0' /><set value='244868.0' /><set value='177581.0' /><set value='99816.0' /><set value='63988.0' /></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='0.0' /><set value='0.0' /><set value='0.0' /><set value='0.0' /><set value='39846.0' /><set value='42237.0' /><set value='98497.0' /><set value='104406.0' /><set value='60366.0' /><set value='63988.0' /></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>$22,076</td><td>$0</td><td>$22,076</td><td>$1,378</td><td>$23,453</td></tr><tr><td role="rowheader" scope="row">2</td><td>23,453</td><td>22,076</td><td>0</td><td>45,529</td><td>2,841</td><td>48,370</td></tr><tr><td role="rowheader" scope="row">3</td><td>48,370</td><td>22,076</td><td>0</td><td>70,446</td><td>4,396</td><td>74,842</td></tr><tr><td role="rowheader" scope="row">4</td><td>74,842</td><td>22,076</td><td>0</td><td>96,917</td><td>6,048</td><td>102,965</td></tr><tr><td role="rowheader" scope="row">5</td><td>102,965</td><td>22,076</td><td>0</td><td>125,041</td><td>7,803</td><td>132,843</td></tr><tr><td role="rowheader" scope="row">6</td><td>132,843</td><td>22,076</td><td>0</td><td>154,919</td><td>9,667</td><td>164,586</td></tr><tr><td role="rowheader" scope="row">7</td><td>164,586</td><td>22,076</td><td>0</td><td>186,662</td><td>11,648</td><td>198,309</td></tr><tr><td role="rowheader" scope="row">8</td><td>198,309</td><td>22,076</td><td>0</td><td>220,385</td><td>13,752</td><td>234,137</td></tr><tr><td role="rowheader" scope="row">9</td><td>234,137</td><td>22,076</td><td>39,846</td><td>216,367</td><td>13,501</td><td>229,868</td></tr><tr><td role="rowheader" scope="row">10</td><td>229,868</td><td>22,076</td><td>42,237</td><td>209,707</td><td>13,086</td><td>222,792</td></tr><tr><td role="rowheader" scope="row">11</td><td>222,792</td><td>22,076</td><td>98,497</td><td>146,372</td><td>9,134</td><td>155,505</td></tr><tr><td role="rowheader" scope="row">12</td><td>155,505</td><td>22,076</td><td>104,406</td><td>73,174</td><td>4,566</td><td>77,741</td></tr><tr><td role="rowheader" scope="row">13</td><td>77,741</td><td>22,076</td><td>60,366</td><td>39,450</td><td>2,462</td><td>41,912</td></tr><tr><td role="rowheader" scope="row">14</td><td>41,912</td><td>22,076</td><td>63,988</td><td>0</td><td>0</td><td>0</td></tr></table>