Savings Plan and Future Cost Estimation for LaGrange College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$188,090
Monthly savings required$1,487

How much will it cost to send your child to LaGrange College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $752,361.24 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,486.53 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$50,135.00
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 $1,486.53 $0.00 $0.00 $1,486.53
2 $1,486.53 $1,486.53 $0.00 $8.41 $2,981.47
3 $2,981.47 $1,486.53 $0.00 $16.86 $4,484.86
4 $4,484.86 $1,486.53 $0.00 $25.36 $5,996.75
5 $5,996.75 $1,486.53 $0.00 $33.91 $7,517.19
6 $7,517.19 $1,486.53 $0.00 $42.50 $9,046.22
7 $9,046.22 $1,486.53 $0.00 $51.15 $10,583.90
8 $10,583.90 $1,486.53 $0.00 $59.84 $12,130.27
9 $12,130.27 $1,486.53 $0.00 $68.59 $13,685.39
10 $13,685.39 $1,486.53 $0.00 $77.38 $15,249.30
11 $15,249.30 $1,486.53 $0.00 $86.22 $16,822.05
12 $16,822.05 $1,486.53 $0.00 $95.11 $18,403.69
13 $18,403.69 $1,486.53 $0.00 $104.06 $19,994.28
14 $19,994.28 $1,486.53 $0.00 $113.05 $21,593.86
15 $21,593.86 $1,486.53 $0.00 $122.09 $23,202.48
16 $23,202.48 $1,486.53 $0.00 $131.19 $24,820.20
17 $24,820.20 $1,486.53 $0.00 $140.34 $26,447.07
18 $26,447.07 $1,486.53 $0.00 $149.54 $28,083.14
19 $28,083.14 $1,486.53 $0.00 $158.79 $29,728.46
20 $29,728.46 $1,486.53 $0.00 $168.09 $31,383.08
21 $31,383.08 $1,486.53 $0.00 $177.44 $33,047.05
22 $33,047.05 $1,486.53 $0.00 $186.85 $34,720.43
23 $34,720.43 $1,486.53 $0.00 $196.31 $36,403.27
24 $36,403.27 $1,486.53 $0.00 $205.83 $38,095.63
25 $38,095.63 $1,486.53 $0.00 $215.40 $39,797.56
26 $39,797.56 $1,486.53 $0.00 $225.02 $41,509.11
27 $41,509.11 $1,486.53 $0.00 $234.70 $43,230.34
28 $43,230.34 $1,486.53 $0.00 $244.43 $44,961.30
29 $44,961.30 $1,486.53 $0.00 $254.22 $46,702.05
30 $46,702.05 $1,486.53 $0.00 $264.06 $48,452.64
31 $48,452.64 $1,486.53 $0.00 $273.96 $50,213.13
32 $50,213.13 $1,486.53 $0.00 $283.91 $51,983.57
33 $51,983.57 $1,486.53 $0.00 $293.92 $53,764.02
34 $53,764.02 $1,486.53 $0.00 $303.99 $55,554.54
35 $55,554.54 $1,486.53 $0.00 $314.11 $57,355.18
36 $57,355.18 $1,486.53 $0.00 $324.29 $59,166.00
37 $59,166.00 $1,486.53 $0.00 $334.53 $60,987.06
38 $60,987.06 $1,486.53 $0.00 $344.83 $62,818.42
39 $62,818.42 $1,486.53 $0.00 $355.18 $64,660.13
40 $64,660.13 $1,486.53 $0.00 $365.60 $66,512.26
41 $66,512.26 $1,486.53 $0.00 $376.07 $68,374.86
42 $68,374.86 $1,486.53 $0.00 $386.60 $70,247.99
43 $70,247.99 $1,486.53 $0.00 $397.19 $72,131.71
44 $72,131.71 $1,486.53 $0.00 $407.84 $74,026.08
45 $74,026.08 $1,486.53 $0.00 $418.55 $75,931.16
46 $75,931.16 $1,486.53 $0.00 $429.33 $77,847.02
47 $77,847.02 $1,486.53 $0.00 $440.16 $79,773.71
48 $79,773.71 $1,486.53 $0.00 $451.05 $81,711.29
49 $81,711.29 $1,486.53 $0.00 $462.01 $83,659.83
50 $83,659.83 $1,486.53 $0.00 $473.02 $85,619.38
51 $85,619.38 $1,486.53 $0.00 $484.10 $87,590.01
52 $87,590.01 $1,486.53 $0.00 $495.25 $89,571.79
53 $89,571.79 $1,486.53 $0.00 $506.45 $91,564.77
54 $91,564.77 $1,486.53 $0.00 $517.72 $93,569.02
55 $93,569.02 $1,486.53 $0.00 $529.05 $95,584.60
56 $95,584.60 $1,486.53 $0.00 $540.45 $97,611.58
57 $97,611.58 $1,486.53 $0.00 $551.91 $99,650.02
58 $99,650.02 $1,486.53 $0.00 $563.44 $101,699.99
59 $101,699.99 $1,486.53 $0.00 $575.03 $103,761.55
60 $103,761.55 $1,486.53 $0.00 $586.68 $105,834.76
61 $105,834.76 $1,486.53 $0.00 $598.41 $107,919.70
62 $107,919.70 $1,486.53 $0.00 $610.19 $110,016.42
63 $110,016.42 $1,486.53 $0.00 $622.05 $112,125.00
64 $112,125.00 $1,486.53 $0.00 $633.97 $114,245.50
65 $114,245.50 $1,486.53 $0.00 $645.96 $116,377.99
66 $116,377.99 $1,486.53 $0.00 $658.02 $118,522.54
67 $118,522.54 $1,486.53 $0.00 $670.14 $120,679.21
68 $120,679.21 $1,486.53 $0.00 $682.34 $122,848.08
69 $122,848.08 $1,486.53 $0.00 $694.60 $125,029.21
70 $125,029.21 $1,486.53 $0.00 $706.93 $127,222.67
71 $127,222.67 $1,486.53 $0.00 $719.34 $129,428.54
72 $129,428.54 $1,486.53 $0.00 $731.81 $131,646.88
73 $131,646.88 $1,486.53 $0.00 $744.35 $133,877.76
74 $133,877.76 $1,486.53 $0.00 $756.96 $136,121.25
75 $136,121.25 $1,486.53 $0.00 $769.65 $138,377.43
76 $138,377.43 $1,486.53 $0.00 $782.41 $140,646.37
77 $140,646.37 $1,486.53 $0.00 $795.24 $142,928.14
78 $142,928.14 $1,486.53 $0.00 $808.14 $145,222.81
79 $145,222.81 $1,486.53 $0.00 $821.11 $147,530.45
80 $147,530.45 $1,486.53 $0.00 $834.16 $149,851.14
81 $149,851.14 $1,486.53 $0.00 $847.28 $152,184.95
82 $152,184.95 $1,486.53 $0.00 $860.48 $154,531.96
83 $154,531.96 $1,486.53 $0.00 $873.75 $156,892.24
84 $156,892.24 $1,486.53 $0.00 $887.09 $159,265.86
85 $159,265.86 $1,486.53 $0.00 $900.51 $161,652.90
86 $161,652.90 $1,486.53 $0.00 $914.01 $164,053.44
87 $164,053.44 $1,486.53 $0.00 $927.58 $166,467.55
88 $166,467.55 $1,486.53 $0.00 $941.23 $168,895.31
89 $168,895.31 $1,486.53 $0.00 $954.96 $171,336.80
90 $171,336.80 $1,486.53 $0.00 $968.76 $173,792.09
91 $173,792.09 $1,486.53 $0.00 $982.65 $176,261.27
92 $176,261.27 $1,486.53 $0.00 $996.61 $178,744.41
93 $178,744.41 $1,486.53 $0.00 $1,010.65 $181,241.59
94 $181,241.59 $1,486.53 $0.00 $1,024.77 $183,752.89
95 $183,752.89 $1,486.53 $0.00 $1,038.97 $186,278.39
96 $186,278.39 $1,486.53 $0.00 $1,053.25 $188,818.17
97 $188,818.17 $1,486.53 $0.00 $1,067.61 $191,372.31
98 $191,372.31 $1,486.53 $0.00 $1,082.05 $193,940.89
99 $193,940.89 $1,486.53 $0.00 $1,096.57 $196,523.99
100 $196,523.99 $1,486.53 $0.00 $1,111.18 $199,121.70
101 $199,121.70 $1,486.53 $0.00 $1,125.86 $201,734.09
102 $201,734.09 $1,486.53 $0.00 $1,140.63 $204,361.25
103 $204,361.25 $1,486.53 $0.00 $1,155.49 $207,003.27
104 $207,003.27 $1,486.53 $0.00 $1,170.43 $209,660.23
105 $209,660.23 $1,486.53 $0.00 $1,185.45 $212,332.21
106 $212,332.21 $1,486.53 $0.00 $1,200.56 $215,019.30
107 $215,019.30 $1,486.53 $0.00 $1,215.75 $217,721.58
108 $217,721.58 $1,486.53 $0.00 $1,231.03 $220,439.14
109 $220,439.14 $1,486.53 $0.00 $1,246.39 $223,172.06
110 $223,172.06 $1,486.53 $0.00 $1,261.85 $225,920.44
111 $225,920.44 $1,486.53 $0.00 $1,277.39 $228,684.36
112 $228,684.36 $1,486.53 $0.00 $1,293.01 $231,463.90
113 $231,463.90 $1,486.53 $0.00 $1,308.73 $234,259.16
114 $234,259.16 $1,486.53 $0.00 $1,324.54 $237,070.23
115 $237,070.23 $1,486.53 $0.00 $1,340.43 $239,897.19
116 $239,897.19 $1,486.53 $0.00 $1,356.41 $242,740.13
117 $242,740.13 $1,486.53 $0.00 $1,372.49 $245,599.15
118 $245,599.15 $1,486.53 $0.00 $1,388.65 $248,474.33
119 $248,474.33 $1,486.53 $0.00 $1,404.91 $251,365.77
120 $251,365.77 $1,486.53 $0.00 $1,421.26 $254,273.56
121 $254,273.56 $1,486.53 $0.00 $1,437.70 $257,197.79
122 $257,197.79 $1,486.53 $0.00 $1,454.23 $260,138.55
123 $260,138.55 $1,486.53 $0.00 $1,470.86 $263,095.94
124 $263,095.94 $1,486.53 $0.00 $1,487.58 $266,070.05
125 $266,070.05 $1,486.53 $0.00 $1,504.40 $269,060.98
126 $269,060.98 $1,486.53 $0.00 $1,521.31 $272,068.82
127 $272,068.82 $1,486.53 $0.00 $1,538.32 $275,093.67
128 $275,093.67 $1,486.53 $0.00 $1,555.42 $278,135.62
129 $278,135.62 $1,486.53 $0.00 $1,572.62 $281,194.77
130 $281,194.77 $1,486.53 $0.00 $1,589.92 $284,271.22
131 $284,271.22 $1,486.53 $0.00 $1,607.31 $287,365.06
132 $287,365.06 $1,486.53 $0.00 $1,624.80 $290,476.39
133 $290,476.39 $1,486.53 $0.00 $1,642.40 $293,605.32
134 $293,605.32 $1,486.53 $0.00 $1,660.09 $296,751.94
135 $296,751.94 $1,486.53 $0.00 $1,677.88 $299,916.35
136 $299,916.35 $1,486.53 $0.00 $1,695.77 $303,098.65
137 $303,098.65 $1,486.53 $0.00 $1,713.76 $306,298.94
138 $306,298.94 $1,486.53 $0.00 $1,731.86 $309,517.33
139 $309,517.33 $1,486.53 $0.00 $1,750.06 $312,753.92
140 $312,753.92 $1,486.53 $0.00 $1,768.36 $316,008.81
141 $316,008.81 $1,486.53 $0.00 $1,786.76 $319,282.10
142 $319,282.10 $1,486.53 $0.00 $1,805.27 $322,573.90
143 $322,573.90 $1,486.53 $0.00 $1,823.88 $325,884.31
144 $325,884.31 $1,486.53 $0.00 $1,842.60 $329,213.44
145 $329,213.44 $1,486.53 $0.00 $1,861.42 $332,561.39
146 $332,561.39 $1,486.53 $0.00 $1,880.35 $335,928.27
147 $335,928.27 $1,486.53 $0.00 $1,899.39 $339,314.19
148 $339,314.19 $1,486.53 $0.00 $1,918.53 $342,719.25
149 $342,719.25 $1,486.53 $0.00 $1,937.78 $346,143.56
150 $346,143.56 $1,486.53 $0.00 $1,957.15 $349,587.24
151 $349,587.24 $1,486.53 $0.00 $1,976.62 $353,050.39
152 $353,050.39 $1,486.53 $0.00 $1,996.20 $356,533.12
153 $356,533.12 $1,486.53 $0.00 $2,015.89 $360,035.54
154 $360,035.54 $1,486.53 $0.00 $2,035.69 $363,557.76
155 $363,557.76 $1,486.53 $0.00 $2,055.61 $367,099.90
156 $367,099.90 $1,486.53 $0.00 $2,075.64 $370,662.07
157 $370,662.07 $1,486.53 $0.00 $2,095.78 $374,244.38
158 $374,244.38 $1,486.53 $0.00 $2,116.03 $377,846.94
159 $377,846.94 $1,486.53 $0.00 $2,136.40 $381,469.87
160 $381,469.87 $1,486.53 $0.00 $2,156.89 $385,113.29
161 $385,113.29 $1,486.53 $0.00 $2,177.49 $388,777.31
162 $388,777.31 $1,486.53 $0.00 $2,198.20 $392,462.04
163 $392,462.04 $1,486.53 $0.00 $2,219.04 $396,167.61
164 $396,167.61 $1,486.53 $0.00 $2,239.99 $399,894.13
165 $399,894.13 $1,486.53 $0.00 $2,261.06 $403,641.72
166 $403,641.72 $1,486.53 $0.00 $2,282.25 $407,410.50
167 $407,410.50 $1,486.53 $0.00 $2,303.56 $411,200.59
168 $411,200.59 $1,486.53 $0.00 $2,324.99 $415,012.11
169 $415,012.11 $1,486.53 $0.00 $2,346.54 $418,845.18
170 $418,845.18 $1,486.53 $0.00 $2,368.21 $422,699.92
171 $422,699.92 $1,486.53 $0.00 $2,390.01 $426,576.46
172 $426,576.46 $1,486.53 $0.00 $2,411.93 $430,474.92
173 $430,474.92 $1,486.53 $0.00 $2,433.97 $434,395.42
174 $434,395.42 $1,486.53 $0.00 $2,456.13 $438,338.08
175 $438,338.08 $1,486.53 $0.00 $2,478.43 $442,303.04
176 $442,303.04 $1,486.53 $0.00 $2,500.85 $446,290.42
177 $446,290.42 $1,486.53 $0.00 $2,523.39 $450,300.34
178 $450,300.34 $1,486.53 $0.00 $2,546.06 $454,332.93
179 $454,332.93 $1,486.53 $0.00 $2,568.86 $458,388.32
180 $458,388.32 $1,486.53 $0.00 $2,591.79 $462,466.64
181 $462,466.64 $1,486.53 $0.00 $2,614.85 $466,568.02
182 $466,568.02 $1,486.53 $0.00 $2,638.04 $470,692.59
183 $470,692.59 $1,486.53 $0.00 $2,661.36 $474,840.48
184 $474,840.48 $1,486.53 $0.00 $2,684.82 $479,011.83
185 $479,011.83 $1,486.53 $0.00 $2,708.40 $483,206.76
186 $483,206.76 $1,486.53 $0.00 $2,732.12 $487,425.41
187 $487,425.41 $1,486.53 $0.00 $2,755.97 $491,667.91
188 $491,667.91 $1,486.53 $0.00 $2,779.96 $495,934.40
189 $495,934.40 $1,486.53 $0.00 $2,804.09 $500,225.02
190 $500,225.02 $1,486.53 $0.00 $2,828.34 $504,539.89
191 $504,539.89 $1,486.53 $0.00 $2,852.74 $508,879.16
192 $508,879.16 $1,486.53 $0.00 $2,877.28 $513,242.97
193 $513,242.97 $1,486.53 $0.00 $2,901.95 $517,631.45
194 $517,631.45 $1,486.53 $0.00 $2,926.76 $522,044.74
195 $522,044.74 $1,486.53 $0.00 $2,951.72 $526,482.99
196 $526,482.99 $1,486.53 $0.00 $2,976.81 $530,946.33
197 $530,946.33 $1,486.53 $0.00 $3,002.05 $535,434.91
198 $535,434.91 $1,486.53 $0.00 $3,027.43 $539,948.87
199 $539,948.87 $1,486.53 $0.00 $3,052.95 $544,488.35
200 $544,488.35 $1,486.53 $0.00 $3,078.62 $549,053.50
201 $549,053.50 $1,486.53 $0.00 $3,104.43 $553,644.46
202 $553,644.46 $1,486.53 $0.00 $3,130.39 $558,261.38
203 $558,261.38 $1,486.53 $0.00 $3,156.49 $562,904.40
204 $562,904.40 $1,486.53 $0.00 $3,182.74 $567,573.67
205 $567,573.67 $1,486.53 $0.00 $3,209.14 $572,269.34
206 $572,269.34 $1,486.53 $0.00 $3,235.69 $576,991.56
207 $576,991.56 $1,486.53 $0.00 $3,262.39 $581,740.48
208 $581,740.48 $1,486.53 $0.00 $3,289.25 $586,516.26
209 $586,516.26 $1,486.53 $0.00 $3,316.25 $591,319.04
210 $591,319.04 $1,486.53 $0.00 $3,343.40 $596,148.97
211 $596,148.97 $1,486.53 $0.00 $3,370.71 $601,006.21
212 $601,006.21 $1,486.53 $0.00 $3,398.18 $605,890.92
213 $605,890.92 $1,486.53 $0.00 $3,425.80 $610,803.25
214 $610,803.25 $1,486.53 $0.00 $3,453.57 $615,743.35
215 $615,743.35 $1,486.53 $0.00 $3,481.50 $620,711.38
216 $620,711.38 $1,486.53 $0.00 $3,509.59 $625,707.50
217 $625,707.50 $1,486.53 $169,452.90 $3,537.84 $461,278.97
218 $461,278.97 $1,486.53 $0.00 $2,608.14 $465,373.64
219 $465,373.64 $1,486.53 $0.00 $2,631.29 $469,491.46
220 $469,491.46 $1,486.53 $0.00 $2,654.57 $473,632.56
221 $473,632.56 $1,486.53 $0.00 $2,677.99 $477,797.08
222 $477,797.08 $1,486.53 $0.00 $2,701.53 $481,985.14
223 $481,985.14 $1,486.53 $0.00 $2,725.21 $486,196.88
224 $486,196.88 $1,486.53 $0.00 $2,749.03 $490,432.44
225 $490,432.44 $1,486.53 $0.00 $2,772.98 $494,691.95
226 $494,691.95 $1,486.53 $0.00 $2,797.06 $498,975.54
227 $498,975.54 $1,486.53 $0.00 $2,821.28 $503,283.35
228 $503,283.35 $1,486.53 $0.00 $2,845.64 $507,615.52
229 $507,615.52 $1,486.53 $181,314.61 $2,870.13 $330,657.57
230 $330,657.57 $1,486.53 $0.00 $1,869.59 $334,013.69
231 $334,013.69 $1,486.53 $0.00 $1,888.56 $337,388.78
232 $337,388.78 $1,486.53 $0.00 $1,907.65 $340,782.96
233 $340,782.96 $1,486.53 $0.00 $1,926.84 $344,196.33
234 $344,196.33 $1,486.53 $0.00 $1,946.14 $347,629.00
235 $347,629.00 $1,486.53 $0.00 $1,965.54 $351,081.07
236 $351,081.07 $1,486.53 $0.00 $1,985.06 $354,552.66
237 $354,552.66 $1,486.53 $0.00 $2,004.69 $358,043.88
238 $358,043.88 $1,486.53 $0.00 $2,024.43 $361,554.84
239 $361,554.84 $1,486.53 $0.00 $2,044.28 $365,085.65
240 $365,085.65 $1,486.53 $0.00 $2,064.25 $368,636.43
241 $368,636.43 $1,486.53 $194,006.63 $2,084.32 $178,200.65
242 $178,200.65 $1,486.53 $0.00 $1,007.57 $180,694.75
243 $180,694.75 $1,486.53 $0.00 $1,021.67 $183,202.95
244 $183,202.95 $1,486.53 $0.00 $1,035.86 $185,725.34
245 $185,725.34 $1,486.53 $0.00 $1,050.12 $188,261.99
246 $188,261.99 $1,486.53 $0.00 $1,064.46 $190,812.98
247 $190,812.98 $1,486.53 $0.00 $1,078.88 $193,378.39
248 $193,378.39 $1,486.53 $0.00 $1,093.39 $195,958.31
249 $195,958.31 $1,486.53 $0.00 $1,107.98 $198,552.82
250 $198,552.82 $1,486.53 $0.00 $1,122.65 $201,162.00
251 $201,162.00 $1,486.53 $0.00 $1,137.40 $203,785.93
252 $203,785.93 $1,486.53 $0.00 $1,152.24 $206,424.70
253 $206,424.70 $0.00 $207,587.09 $1,167.16 $4.77