Savings Plan and Future Cost Estimation for Lynn University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$230,345
Monthly savings required$1,820

How much will it cost to send your child to Lynn University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $921,381.77 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,820.47 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$61,398.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,820.47 $0.00 $0.00 $1,820.47
2 $1,820.47 $1,820.47 $0.00 $10.29 $3,651.23
3 $3,651.23 $1,820.47 $0.00 $20.64 $5,492.34
4 $5,492.34 $1,820.47 $0.00 $31.05 $7,343.86
5 $7,343.86 $1,820.47 $0.00 $41.52 $9,205.85
6 $9,205.85 $1,820.47 $0.00 $52.05 $11,078.37
7 $11,078.37 $1,820.47 $0.00 $62.64 $12,961.48
8 $12,961.48 $1,820.47 $0.00 $73.29 $14,855.24
9 $14,855.24 $1,820.47 $0.00 $83.99 $16,759.70
10 $16,759.70 $1,820.47 $0.00 $94.76 $18,674.93
11 $18,674.93 $1,820.47 $0.00 $105.59 $20,600.99
12 $20,600.99 $1,820.47 $0.00 $116.48 $22,537.94
13 $22,537.94 $1,820.47 $0.00 $127.43 $24,485.84
14 $24,485.84 $1,820.47 $0.00 $138.45 $26,444.76
15 $26,444.76 $1,820.47 $0.00 $149.52 $28,414.75
16 $28,414.75 $1,820.47 $0.00 $160.66 $30,395.88
17 $30,395.88 $1,820.47 $0.00 $171.86 $32,388.21
18 $32,388.21 $1,820.47 $0.00 $183.13 $34,391.81
19 $34,391.81 $1,820.47 $0.00 $194.46 $36,406.74
20 $36,406.74 $1,820.47 $0.00 $205.85 $38,433.06
21 $38,433.06 $1,820.47 $0.00 $217.31 $40,470.84
22 $40,470.84 $1,820.47 $0.00 $228.83 $42,520.14
23 $42,520.14 $1,820.47 $0.00 $240.42 $44,581.03
24 $44,581.03 $1,820.47 $0.00 $252.07 $46,653.57
25 $46,653.57 $1,820.47 $0.00 $263.79 $48,737.83
26 $48,737.83 $1,820.47 $0.00 $275.57 $50,833.87
27 $50,833.87 $1,820.47 $0.00 $287.42 $52,941.76
28 $52,941.76 $1,820.47 $0.00 $299.34 $55,061.57
29 $55,061.57 $1,820.47 $0.00 $311.33 $57,193.37
30 $57,193.37 $1,820.47 $0.00 $323.38 $59,337.22
31 $59,337.22 $1,820.47 $0.00 $335.50 $61,493.19
32 $61,493.19 $1,820.47 $0.00 $347.69 $63,661.35
33 $63,661.35 $1,820.47 $0.00 $359.95 $65,841.77
34 $65,841.77 $1,820.47 $0.00 $372.28 $68,034.52
35 $68,034.52 $1,820.47 $0.00 $384.68 $70,239.67
36 $70,239.67 $1,820.47 $0.00 $397.15 $72,457.29
37 $72,457.29 $1,820.47 $0.00 $409.68 $74,687.44
38 $74,687.44 $1,820.47 $0.00 $422.29 $76,930.20
39 $76,930.20 $1,820.47 $0.00 $434.97 $79,185.64
40 $79,185.64 $1,820.47 $0.00 $447.73 $81,453.84
41 $81,453.84 $1,820.47 $0.00 $460.55 $83,734.86
42 $83,734.86 $1,820.47 $0.00 $473.45 $86,028.78
43 $86,028.78 $1,820.47 $0.00 $486.42 $88,335.67
44 $88,335.67 $1,820.47 $0.00 $499.46 $90,655.60
45 $90,655.60 $1,820.47 $0.00 $512.58 $92,988.65
46 $92,988.65 $1,820.47 $0.00 $525.77 $95,334.89
47 $95,334.89 $1,820.47 $0.00 $539.04 $97,694.40
48 $97,694.40 $1,820.47 $0.00 $552.38 $100,067.25
49 $100,067.25 $1,820.47 $0.00 $565.79 $102,453.51
50 $102,453.51 $1,820.47 $0.00 $579.29 $104,853.27
51 $104,853.27 $1,820.47 $0.00 $592.86 $107,266.60
52 $107,266.60 $1,820.47 $0.00 $606.50 $109,693.57
53 $109,693.57 $1,820.47 $0.00 $620.22 $112,134.26
54 $112,134.26 $1,820.47 $0.00 $634.02 $114,588.75
55 $114,588.75 $1,820.47 $0.00 $647.90 $117,057.12
56 $117,057.12 $1,820.47 $0.00 $661.86 $119,539.45
57 $119,539.45 $1,820.47 $0.00 $675.89 $122,035.81
58 $122,035.81 $1,820.47 $0.00 $690.01 $124,546.29
59 $124,546.29 $1,820.47 $0.00 $704.20 $127,070.96
60 $127,070.96 $1,820.47 $0.00 $718.48 $129,609.91
61 $129,609.91 $1,820.47 $0.00 $732.83 $132,163.21
62 $132,163.21 $1,820.47 $0.00 $747.27 $134,730.95
63 $134,730.95 $1,820.47 $0.00 $761.79 $137,313.21
64 $137,313.21 $1,820.47 $0.00 $776.39 $139,910.07
65 $139,910.07 $1,820.47 $0.00 $791.07 $142,521.61
66 $142,521.61 $1,820.47 $0.00 $805.84 $145,147.92
67 $145,147.92 $1,820.47 $0.00 $820.69 $147,789.08
68 $147,789.08 $1,820.47 $0.00 $835.62 $150,445.17
69 $150,445.17 $1,820.47 $0.00 $850.64 $153,116.28
70 $153,116.28 $1,820.47 $0.00 $865.74 $155,802.49
71 $155,802.49 $1,820.47 $0.00 $880.93 $158,503.89
72 $158,503.89 $1,820.47 $0.00 $896.20 $161,220.56
73 $161,220.56 $1,820.47 $0.00 $911.56 $163,952.59
74 $163,952.59 $1,820.47 $0.00 $927.01 $166,700.07
75 $166,700.07 $1,820.47 $0.00 $942.55 $169,463.09
76 $169,463.09 $1,820.47 $0.00 $958.17 $172,241.73
77 $172,241.73 $1,820.47 $0.00 $973.88 $175,036.08
78 $175,036.08 $1,820.47 $0.00 $989.68 $177,846.23
79 $177,846.23 $1,820.47 $0.00 $1,005.57 $180,672.27
80 $180,672.27 $1,820.47 $0.00 $1,021.55 $183,514.29
81 $183,514.29 $1,820.47 $0.00 $1,037.62 $186,372.38
82 $186,372.38 $1,820.47 $0.00 $1,053.78 $189,246.63
83 $189,246.63 $1,820.47 $0.00 $1,070.03 $192,137.13
84 $192,137.13 $1,820.47 $0.00 $1,086.37 $195,043.97
85 $195,043.97 $1,820.47 $0.00 $1,102.81 $197,967.25
86 $197,967.25 $1,820.47 $0.00 $1,119.34 $200,907.06
87 $200,907.06 $1,820.47 $0.00 $1,135.96 $203,863.49
88 $203,863.49 $1,820.47 $0.00 $1,152.67 $206,836.63
89 $206,836.63 $1,820.47 $0.00 $1,169.48 $209,826.58
90 $209,826.58 $1,820.47 $0.00 $1,186.39 $212,833.44
91 $212,833.44 $1,820.47 $0.00 $1,203.39 $215,857.30
92 $215,857.30 $1,820.47 $0.00 $1,220.49 $218,898.26
93 $218,898.26 $1,820.47 $0.00 $1,237.68 $221,956.41
94 $221,956.41 $1,820.47 $0.00 $1,254.97 $225,031.85
95 $225,031.85 $1,820.47 $0.00 $1,272.36 $228,124.68
96 $228,124.68 $1,820.47 $0.00 $1,289.85 $231,235.00
97 $231,235.00 $1,820.47 $0.00 $1,307.44 $234,362.91
98 $234,362.91 $1,820.47 $0.00 $1,325.12 $237,508.50
99 $237,508.50 $1,820.47 $0.00 $1,342.91 $240,671.88
100 $240,671.88 $1,820.47 $0.00 $1,360.79 $243,853.14
101 $243,853.14 $1,820.47 $0.00 $1,378.78 $247,052.39
102 $247,052.39 $1,820.47 $0.00 $1,396.87 $250,269.73
103 $250,269.73 $1,820.47 $0.00 $1,415.06 $253,505.26
104 $253,505.26 $1,820.47 $0.00 $1,433.36 $256,759.09
105 $256,759.09 $1,820.47 $0.00 $1,451.75 $260,031.31
106 $260,031.31 $1,820.47 $0.00 $1,470.25 $263,322.03
107 $263,322.03 $1,820.47 $0.00 $1,488.86 $266,631.36
108 $266,631.36 $1,820.47 $0.00 $1,507.57 $269,959.40
109 $269,959.40 $1,820.47 $0.00 $1,526.39 $273,306.26
110 $273,306.26 $1,820.47 $0.00 $1,545.31 $276,672.04
111 $276,672.04 $1,820.47 $0.00 $1,564.34 $280,056.85
112 $280,056.85 $1,820.47 $0.00 $1,583.48 $283,460.80
113 $283,460.80 $1,820.47 $0.00 $1,602.73 $286,884.00
114 $286,884.00 $1,820.47 $0.00 $1,622.08 $290,326.55
115 $290,326.55 $1,820.47 $0.00 $1,641.55 $293,788.57
116 $293,788.57 $1,820.47 $0.00 $1,661.12 $297,270.16
117 $297,270.16 $1,820.47 $0.00 $1,680.81 $300,771.44
118 $300,771.44 $1,820.47 $0.00 $1,700.61 $304,292.52
119 $304,292.52 $1,820.47 $0.00 $1,720.51 $307,833.50
120 $307,833.50 $1,820.47 $0.00 $1,740.54 $311,394.51
121 $311,394.51 $1,820.47 $0.00 $1,760.67 $314,975.65
122 $314,975.65 $1,820.47 $0.00 $1,780.92 $318,577.04
123 $318,577.04 $1,820.47 $0.00 $1,801.28 $322,198.79
124 $322,198.79 $1,820.47 $0.00 $1,821.76 $325,841.02
125 $325,841.02 $1,820.47 $0.00 $1,842.35 $329,503.84
126 $329,503.84 $1,820.47 $0.00 $1,863.06 $333,187.37
127 $333,187.37 $1,820.47 $0.00 $1,883.89 $336,891.73
128 $336,891.73 $1,820.47 $0.00 $1,904.83 $340,617.03
129 $340,617.03 $1,820.47 $0.00 $1,925.90 $344,363.40
130 $344,363.40 $1,820.47 $0.00 $1,947.08 $348,130.95
131 $348,130.95 $1,820.47 $0.00 $1,968.38 $351,919.80
132 $351,919.80 $1,820.47 $0.00 $1,989.81 $355,730.08
133 $355,730.08 $1,820.47 $0.00 $2,011.35 $359,561.90
134 $359,561.90 $1,820.47 $0.00 $2,033.02 $363,415.39
135 $363,415.39 $1,820.47 $0.00 $2,054.80 $367,290.66
136 $367,290.66 $1,820.47 $0.00 $2,076.71 $371,187.84
137 $371,187.84 $1,820.47 $0.00 $2,098.75 $375,107.06
138 $375,107.06 $1,820.47 $0.00 $2,120.91 $379,048.44
139 $379,048.44 $1,820.47 $0.00 $2,143.19 $383,012.10
140 $383,012.10 $1,820.47 $0.00 $2,165.61 $386,998.18
141 $386,998.18 $1,820.47 $0.00 $2,188.14 $391,006.79
142 $391,006.79 $1,820.47 $0.00 $2,210.81 $395,038.07
143 $395,038.07 $1,820.47 $0.00 $2,233.60 $399,092.14
144 $399,092.14 $1,820.47 $0.00 $2,256.52 $403,169.13
145 $403,169.13 $1,820.47 $0.00 $2,279.58 $407,269.18
146 $407,269.18 $1,820.47 $0.00 $2,302.76 $411,392.41
147 $411,392.41 $1,820.47 $0.00 $2,326.07 $415,538.95
148 $415,538.95 $1,820.47 $0.00 $2,349.52 $419,708.94
149 $419,708.94 $1,820.47 $0.00 $2,373.10 $423,902.51
150 $423,902.51 $1,820.47 $0.00 $2,396.81 $428,119.79
151 $428,119.79 $1,820.47 $0.00 $2,420.65 $432,360.91
152 $432,360.91 $1,820.47 $0.00 $2,444.63 $436,626.01
153 $436,626.01 $1,820.47 $0.00 $2,468.75 $440,915.23
154 $440,915.23 $1,820.47 $0.00 $2,493.00 $445,228.70
155 $445,228.70 $1,820.47 $0.00 $2,517.39 $449,566.56
156 $449,566.56 $1,820.47 $0.00 $2,541.91 $453,928.94
157 $453,928.94 $1,820.47 $0.00 $2,566.58 $458,315.99
158 $458,315.99 $1,820.47 $0.00 $2,591.39 $462,727.85
159 $462,727.85 $1,820.47 $0.00 $2,616.33 $467,164.65
160 $467,164.65 $1,820.47 $0.00 $2,641.42 $471,626.54
161 $471,626.54 $1,820.47 $0.00 $2,666.65 $476,113.66
162 $476,113.66 $1,820.47 $0.00 $2,692.02 $480,626.15
163 $480,626.15 $1,820.47 $0.00 $2,717.53 $485,164.15
164 $485,164.15 $1,820.47 $0.00 $2,743.19 $489,727.81
165 $489,727.81 $1,820.47 $0.00 $2,768.99 $494,317.27
166 $494,317.27 $1,820.47 $0.00 $2,794.94 $498,932.68
167 $498,932.68 $1,820.47 $0.00 $2,821.04 $503,574.19
168 $503,574.19 $1,820.47 $0.00 $2,847.28 $508,241.94
169 $508,241.94 $1,820.47 $0.00 $2,873.67 $512,936.08
170 $512,936.08 $1,820.47 $0.00 $2,900.22 $517,656.77
171 $517,656.77 $1,820.47 $0.00 $2,926.91 $522,404.15
172 $522,404.15 $1,820.47 $0.00 $2,953.75 $527,178.37
173 $527,178.37 $1,820.47 $0.00 $2,980.74 $531,979.58
174 $531,979.58 $1,820.47 $0.00 $3,007.89 $536,807.94
175 $536,807.94 $1,820.47 $0.00 $3,035.19 $541,663.60
176 $541,663.60 $1,820.47 $0.00 $3,062.64 $546,546.71
177 $546,546.71 $1,820.47 $0.00 $3,090.25 $551,457.43
178 $551,457.43 $1,820.47 $0.00 $3,118.02 $556,395.92
179 $556,395.92 $1,820.47 $0.00 $3,145.94 $561,362.33
180 $561,362.33 $1,820.47 $0.00 $3,174.02 $566,356.82
181 $566,356.82 $1,820.47 $0.00 $3,202.26 $571,379.55
182 $571,379.55 $1,820.47 $0.00 $3,230.66 $576,430.68
183 $576,430.68 $1,820.47 $0.00 $3,259.22 $581,510.37
184 $581,510.37 $1,820.47 $0.00 $3,287.94 $586,618.78
185 $586,618.78 $1,820.47 $0.00 $3,316.83 $591,756.08
186 $591,756.08 $1,820.47 $0.00 $3,345.87 $596,922.42
187 $596,922.42 $1,820.47 $0.00 $3,375.09 $602,117.98
188 $602,117.98 $1,820.47 $0.00 $3,404.46 $607,342.91
189 $607,342.91 $1,820.47 $0.00 $3,434.01 $612,597.39
190 $612,597.39 $1,820.47 $0.00 $3,463.71 $617,881.57
191 $617,881.57 $1,820.47 $0.00 $3,493.59 $623,195.63
192 $623,195.63 $1,820.47 $0.00 $3,523.64 $628,539.74
193 $628,539.74 $1,820.47 $0.00 $3,553.86 $633,914.07
194 $633,914.07 $1,820.47 $0.00 $3,584.24 $639,318.78
195 $639,318.78 $1,820.47 $0.00 $3,614.80 $644,754.05
196 $644,754.05 $1,820.47 $0.00 $3,645.53 $650,220.05
197 $650,220.05 $1,820.47 $0.00 $3,676.44 $655,716.96
198 $655,716.96 $1,820.47 $0.00 $3,707.52 $661,244.95
199 $661,244.95 $1,820.47 $0.00 $3,738.78 $666,804.20
200 $666,804.20 $1,820.47 $0.00 $3,770.21 $672,394.88
201 $672,394.88 $1,820.47 $0.00 $3,801.82 $678,017.17
202 $678,017.17 $1,820.47 $0.00 $3,833.61 $683,671.25
203 $683,671.25 $1,820.47 $0.00 $3,865.58 $689,357.30
204 $689,357.30 $1,820.47 $0.00 $3,897.73 $695,075.50
205 $695,075.50 $1,820.47 $0.00 $3,930.06 $700,826.03
206 $700,826.03 $1,820.47 $0.00 $3,962.57 $706,609.07
207 $706,609.07 $1,820.47 $0.00 $3,995.27 $712,424.81
208 $712,424.81 $1,820.47 $0.00 $4,028.15 $718,273.43
209 $718,273.43 $1,820.47 $0.00 $4,061.22 $724,155.12
210 $724,155.12 $1,820.47 $0.00 $4,094.48 $730,070.07
211 $730,070.07 $1,820.47 $0.00 $4,127.92 $736,018.46
212 $736,018.46 $1,820.47 $0.00 $4,161.56 $742,000.49
213 $742,000.49 $1,820.47 $0.00 $4,195.38 $748,016.34
214 $748,016.34 $1,820.47 $0.00 $4,229.39 $754,066.20
215 $754,066.20 $1,820.47 $0.00 $4,263.60 $760,150.27
216 $760,150.27 $1,820.47 $0.00 $4,298.00 $766,268.74
217 $766,268.74 $1,820.47 $207,521.08 $4,332.59 $564,900.72
218 $564,900.72 $1,820.47 $0.00 $3,194.03 $569,915.22
219 $569,915.22 $1,820.47 $0.00 $3,222.38 $574,958.07
220 $574,958.07 $1,820.47 $0.00 $3,250.90 $580,029.44
221 $580,029.44 $1,820.47 $0.00 $3,279.57 $585,129.48
222 $585,129.48 $1,820.47 $0.00 $3,308.41 $590,258.36
223 $590,258.36 $1,820.47 $0.00 $3,337.41 $595,416.24
224 $595,416.24 $1,820.47 $0.00 $3,366.57 $600,603.28
225 $600,603.28 $1,820.47 $0.00 $3,395.90 $605,819.65
226 $605,819.65 $1,820.47 $0.00 $3,425.39 $611,065.51
227 $611,065.51 $1,820.47 $0.00 $3,455.05 $616,341.03
228 $616,341.03 $1,820.47 $0.00 $3,484.88 $621,646.38
229 $621,646.38 $1,820.47 $222,047.56 $3,514.88 $404,934.17
230 $404,934.17 $1,820.47 $0.00 $2,289.56 $409,044.20
231 $409,044.20 $1,820.47 $0.00 $2,312.80 $413,177.47
232 $413,177.47 $1,820.47 $0.00 $2,336.17 $417,334.11
233 $417,334.11 $1,820.47 $0.00 $2,359.67 $421,514.25
234 $421,514.25 $1,820.47 $0.00 $2,383.30 $425,718.02
235 $425,718.02 $1,820.47 $0.00 $2,407.07 $429,945.56
236 $429,945.56 $1,820.47 $0.00 $2,430.97 $434,197.00
237 $434,197.00 $1,820.47 $0.00 $2,455.01 $438,472.48
238 $438,472.48 $1,820.47 $0.00 $2,479.19 $442,772.14
239 $442,772.14 $1,820.47 $0.00 $2,503.50 $447,096.11
240 $447,096.11 $1,820.47 $0.00 $2,527.95 $451,444.53
241 $451,444.53 $1,820.47 $237,590.89 $2,552.53 $218,226.64
242 $218,226.64 $1,820.47 $0.00 $1,233.89 $221,281.00
243 $221,281.00 $1,820.47 $0.00 $1,251.15 $224,352.62
244 $224,352.62 $1,820.47 $0.00 $1,268.52 $227,441.61
245 $227,441.61 $1,820.47 $0.00 $1,285.99 $230,548.07
246 $230,548.07 $1,820.47 $0.00 $1,303.55 $233,672.09
247 $233,672.09 $1,820.47 $0.00 $1,321.22 $236,813.78
248 $236,813.78 $1,820.47 $0.00 $1,338.98 $239,973.23
249 $239,973.23 $1,820.47 $0.00 $1,356.84 $243,150.54
250 $243,150.54 $1,820.47 $0.00 $1,374.81 $246,345.82
251 $246,345.82 $1,820.47 $0.00 $1,392.88 $249,559.17
252 $249,559.17 $1,820.47 $0.00 $1,411.04 $252,790.68
253 $252,790.68 $0.00 $254,222.25 $1,429.32 -$2.25