Savings Plan and Future Cost Estimation for College of Lake County

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$101,050
Monthly savings required$449

How much will it cost to send your child to College of Lake County in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $202,099.74 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $448.96 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$28,886.00
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 $448.96 $0.00 $0.00 $448.96
2 $448.96 $448.96 $0.00 $2.54 $900.46
3 $900.46 $448.96 $0.00 $5.09 $1,354.51
4 $1,354.51 $448.96 $0.00 $7.66 $1,811.13
5 $1,811.13 $448.96 $0.00 $10.24 $2,270.33
6 $2,270.33 $448.96 $0.00 $12.84 $2,732.13
7 $2,732.13 $448.96 $0.00 $15.45 $3,196.54
8 $3,196.54 $448.96 $0.00 $18.07 $3,663.57
9 $3,663.57 $448.96 $0.00 $20.71 $4,133.24
10 $4,133.24 $448.96 $0.00 $23.37 $4,605.57
11 $4,605.57 $448.96 $0.00 $26.04 $5,080.57
12 $5,080.57 $448.96 $0.00 $28.73 $5,558.26
13 $5,558.26 $448.96 $0.00 $31.43 $6,038.65
14 $6,038.65 $448.96 $0.00 $34.14 $6,521.75
15 $6,521.75 $448.96 $0.00 $36.87 $7,007.58
16 $7,007.58 $448.96 $0.00 $39.62 $7,496.16
17 $7,496.16 $448.96 $0.00 $42.38 $7,987.50
18 $7,987.50 $448.96 $0.00 $45.16 $8,481.62
19 $8,481.62 $448.96 $0.00 $47.96 $8,978.54
20 $8,978.54 $448.96 $0.00 $50.77 $9,478.27
21 $9,478.27 $448.96 $0.00 $53.59 $9,980.82
22 $9,980.82 $448.96 $0.00 $56.43 $10,486.21
23 $10,486.21 $448.96 $0.00 $59.29 $10,994.46
24 $10,994.46 $448.96 $0.00 $62.16 $11,505.58
25 $11,505.58 $448.96 $0.00 $65.05 $12,019.59
26 $12,019.59 $448.96 $0.00 $67.96 $12,536.51
27 $12,536.51 $448.96 $0.00 $70.88 $13,056.35
28 $13,056.35 $448.96 $0.00 $73.82 $13,579.13
29 $13,579.13 $448.96 $0.00 $76.78 $14,104.87
30 $14,104.87 $448.96 $0.00 $79.75 $14,633.58
31 $14,633.58 $448.96 $0.00 $82.74 $15,165.28
32 $15,165.28 $448.96 $0.00 $85.75 $15,699.99
33 $15,699.99 $448.96 $0.00 $88.77 $16,237.72
34 $16,237.72 $448.96 $0.00 $91.81 $16,778.49
35 $16,778.49 $448.96 $0.00 $94.87 $17,322.32
36 $17,322.32 $448.96 $0.00 $97.94 $17,869.22
37 $17,869.22 $448.96 $0.00 $101.04 $18,419.22
38 $18,419.22 $448.96 $0.00 $104.14 $18,972.32
39 $18,972.32 $448.96 $0.00 $107.27 $19,528.55
40 $19,528.55 $448.96 $0.00 $110.42 $20,087.93
41 $20,087.93 $448.96 $0.00 $113.58 $20,650.47
42 $20,650.47 $448.96 $0.00 $116.76 $21,216.19
43 $21,216.19 $448.96 $0.00 $119.96 $21,785.11
44 $21,785.11 $448.96 $0.00 $123.18 $22,357.25
45 $22,357.25 $448.96 $0.00 $126.41 $22,932.62
46 $22,932.62 $448.96 $0.00 $129.66 $23,511.24
47 $23,511.24 $448.96 $0.00 $132.94 $24,093.14
48 $24,093.14 $448.96 $0.00 $136.23 $24,678.33
49 $24,678.33 $448.96 $0.00 $139.53 $25,266.82
50 $25,266.82 $448.96 $0.00 $142.86 $25,858.64
51 $25,858.64 $448.96 $0.00 $146.21 $26,453.81
52 $26,453.81 $448.96 $0.00 $149.57 $27,052.34
53 $27,052.34 $448.96 $0.00 $152.96 $27,654.26
54 $27,654.26 $448.96 $0.00 $156.36 $28,259.58
55 $28,259.58 $448.96 $0.00 $159.78 $28,868.32
56 $28,868.32 $448.96 $0.00 $163.23 $29,480.51
57 $29,480.51 $448.96 $0.00 $166.69 $30,096.16
58 $30,096.16 $448.96 $0.00 $170.17 $30,715.29
59 $30,715.29 $448.96 $0.00 $173.67 $31,337.92
60 $31,337.92 $448.96 $0.00 $177.19 $31,964.07
61 $31,964.07 $448.96 $0.00 $180.73 $32,593.76
62 $32,593.76 $448.96 $0.00 $184.29 $33,227.01
63 $33,227.01 $448.96 $0.00 $187.87 $33,863.84
64 $33,863.84 $448.96 $0.00 $191.47 $34,504.27
65 $34,504.27 $448.96 $0.00 $195.09 $35,148.32
66 $35,148.32 $448.96 $0.00 $198.73 $35,796.01
67 $35,796.01 $448.96 $0.00 $202.40 $36,447.37
68 $36,447.37 $448.96 $0.00 $206.08 $37,102.41
69 $37,102.41 $448.96 $0.00 $209.78 $37,761.15
70 $37,761.15 $448.96 $0.00 $213.51 $38,423.62
71 $38,423.62 $448.96 $0.00 $217.25 $39,089.83
72 $39,089.83 $448.96 $0.00 $221.02 $39,759.81
73 $39,759.81 $448.96 $0.00 $224.81 $40,433.58
74 $40,433.58 $448.96 $0.00 $228.62 $41,111.16
75 $41,111.16 $448.96 $0.00 $232.45 $41,792.57
76 $41,792.57 $448.96 $0.00 $236.30 $42,477.83
77 $42,477.83 $448.96 $0.00 $240.18 $43,166.97
78 $43,166.97 $448.96 $0.00 $244.07 $43,860.00
79 $43,860.00 $448.96 $0.00 $247.99 $44,556.95
80 $44,556.95 $448.96 $0.00 $251.93 $45,257.84
81 $45,257.84 $448.96 $0.00 $255.89 $45,962.69
82 $45,962.69 $448.96 $0.00 $259.88 $46,671.53
83 $46,671.53 $448.96 $0.00 $263.89 $47,384.38
84 $47,384.38 $448.96 $0.00 $267.92 $48,101.26
85 $48,101.26 $448.96 $0.00 $271.97 $48,822.19
86 $48,822.19 $448.96 $0.00 $276.05 $49,547.20
87 $49,547.20 $448.96 $0.00 $280.15 $50,276.31
88 $50,276.31 $448.96 $0.00 $284.27 $51,009.54
89 $51,009.54 $448.96 $0.00 $288.42 $51,746.92
90 $51,746.92 $448.96 $0.00 $292.58 $52,488.46
91 $52,488.46 $448.96 $0.00 $296.78 $53,234.20
92 $53,234.20 $448.96 $0.00 $300.99 $53,984.15
93 $53,984.15 $448.96 $0.00 $305.23 $54,738.34
94 $54,738.34 $448.96 $0.00 $309.50 $55,496.80
95 $55,496.80 $448.96 $0.00 $313.79 $56,259.55
96 $56,259.55 $448.96 $0.00 $318.10 $57,026.61
97 $57,026.61 $448.96 $0.00 $322.44 $57,798.01
98 $57,798.01 $448.96 $0.00 $326.80 $58,573.77
99 $58,573.77 $448.96 $0.00 $331.18 $59,353.91
100 $59,353.91 $448.96 $0.00 $335.60 $60,138.47
101 $60,138.47 $448.96 $0.00 $340.03 $60,927.46
102 $60,927.46 $448.96 $0.00 $344.49 $61,720.91
103 $61,720.91 $448.96 $0.00 $348.98 $62,518.85
104 $62,518.85 $448.96 $0.00 $353.49 $63,321.30
105 $63,321.30 $448.96 $0.00 $358.03 $64,128.29
106 $64,128.29 $448.96 $0.00 $362.59 $64,939.84
107 $64,939.84 $448.96 $0.00 $367.18 $65,755.98
108 $65,755.98 $448.96 $0.00 $371.79 $66,576.73
109 $66,576.73 $448.96 $0.00 $376.43 $67,402.12
110 $67,402.12 $448.96 $0.00 $381.10 $68,232.18
111 $68,232.18 $448.96 $0.00 $385.79 $69,066.93
112 $69,066.93 $448.96 $0.00 $390.51 $69,906.40
113 $69,906.40 $448.96 $0.00 $395.26 $70,750.62
114 $70,750.62 $448.96 $0.00 $400.03 $71,599.61
115 $71,599.61 $448.96 $0.00 $404.83 $72,453.40
116 $72,453.40 $448.96 $0.00 $409.66 $73,312.02
117 $73,312.02 $448.96 $0.00 $414.52 $74,175.50
118 $74,175.50 $448.96 $0.00 $419.40 $75,043.86
119 $75,043.86 $448.96 $0.00 $424.31 $75,917.13
120 $75,917.13 $448.96 $0.00 $429.25 $76,795.34
121 $76,795.34 $448.96 $0.00 $434.21 $77,678.51
122 $77,678.51 $448.96 $0.00 $439.21 $78,566.68
123 $78,566.68 $448.96 $0.00 $444.23 $79,459.87
124 $79,459.87 $448.96 $0.00 $449.28 $80,358.11
125 $80,358.11 $448.96 $0.00 $454.36 $81,261.43
126 $81,261.43 $448.96 $0.00 $459.46 $82,169.85
127 $82,169.85 $448.96 $0.00 $464.60 $83,083.41
128 $83,083.41 $448.96 $0.00 $469.77 $84,002.14
129 $84,002.14 $448.96 $0.00 $474.96 $84,926.06
130 $84,926.06 $448.96 $0.00 $480.18 $85,855.20
131 $85,855.20 $448.96 $0.00 $485.44 $86,789.60
132 $86,789.60 $448.96 $0.00 $490.72 $87,729.28
133 $87,729.28 $448.96 $0.00 $496.03 $88,674.27
134 $88,674.27 $448.96 $0.00 $501.38 $89,624.61
135 $89,624.61 $448.96 $0.00 $506.75 $90,580.32
136 $90,580.32 $448.96 $0.00 $512.15 $91,541.43
137 $91,541.43 $448.96 $0.00 $517.59 $92,507.98
138 $92,507.98 $448.96 $0.00 $523.05 $93,479.99
139 $93,479.99 $448.96 $0.00 $528.55 $94,457.50
140 $94,457.50 $448.96 $0.00 $534.08 $95,440.54
141 $95,440.54 $448.96 $0.00 $539.63 $96,429.13
142 $96,429.13 $448.96 $0.00 $545.22 $97,423.31
143 $97,423.31 $448.96 $0.00 $550.85 $98,423.12
144 $98,423.12 $448.96 $0.00 $556.50 $99,428.58
145 $99,428.58 $448.96 $0.00 $562.18 $100,439.72
146 $100,439.72 $448.96 $0.00 $567.90 $101,456.58
147 $101,456.58 $448.96 $0.00 $573.65 $102,479.19
148 $102,479.19 $448.96 $0.00 $579.43 $103,507.58
149 $103,507.58 $448.96 $0.00 $585.25 $104,541.79
150 $104,541.79 $448.96 $0.00 $591.09 $105,581.84
151 $105,581.84 $448.96 $0.00 $596.98 $106,627.78
152 $106,627.78 $448.96 $0.00 $602.89 $107,679.63
153 $107,679.63 $448.96 $0.00 $608.84 $108,737.43
154 $108,737.43 $448.96 $0.00 $614.82 $109,801.21
155 $109,801.21 $448.96 $0.00 $620.83 $110,871.00
156 $110,871.00 $448.96 $0.00 $626.88 $111,946.84
157 $111,946.84 $448.96 $0.00 $632.96 $113,028.76
158 $113,028.76 $448.96 $0.00 $639.08 $114,116.80
159 $114,116.80 $448.96 $0.00 $645.23 $115,210.99
160 $115,210.99 $448.96 $0.00 $651.42 $116,311.37
161 $116,311.37 $448.96 $0.00 $657.64 $117,417.97
162 $117,417.97 $448.96 $0.00 $663.90 $118,530.83
163 $118,530.83 $448.96 $0.00 $670.19 $119,649.98
164 $119,649.98 $448.96 $0.00 $676.52 $120,775.46
165 $120,775.46 $448.96 $0.00 $682.88 $121,907.30
166 $121,907.30 $448.96 $0.00 $689.28 $123,045.54
167 $123,045.54 $448.96 $0.00 $695.72 $124,190.22
168 $124,190.22 $448.96 $0.00 $702.19 $125,341.37
169 $125,341.37 $448.96 $0.00 $708.70 $126,499.03
170 $126,499.03 $448.96 $0.00 $715.24 $127,663.23
171 $127,663.23 $448.96 $0.00 $721.83 $128,834.02
172 $128,834.02 $448.96 $0.00 $728.45 $130,011.43
173 $130,011.43 $448.96 $0.00 $735.10 $131,195.49
174 $131,195.49 $448.96 $0.00 $741.80 $132,386.25
175 $132,386.25 $448.96 $0.00 $748.53 $133,583.74
176 $133,583.74 $448.96 $0.00 $755.30 $134,788.00
177 $134,788.00 $448.96 $0.00 $762.11 $135,999.07
178 $135,999.07 $448.96 $0.00 $768.96 $137,216.99
179 $137,216.99 $448.96 $0.00 $775.84 $138,441.79
180 $138,441.79 $448.96 $0.00 $782.77 $139,673.52
181 $139,673.52 $448.96 $0.00 $789.73 $140,912.21
182 $140,912.21 $448.96 $0.00 $796.74 $142,157.91
183 $142,157.91 $448.96 $0.00 $803.78 $143,410.65
184 $143,410.65 $448.96 $0.00 $810.86 $144,670.47
185 $144,670.47 $448.96 $0.00 $817.99 $145,937.42
186 $145,937.42 $448.96 $0.00 $825.15 $147,211.53
187 $147,211.53 $448.96 $0.00 $832.36 $148,492.85
188 $148,492.85 $448.96 $0.00 $839.60 $149,781.41
189 $149,781.41 $448.96 $0.00 $846.89 $151,077.26
190 $151,077.26 $448.96 $0.00 $854.21 $152,380.43
191 $152,380.43 $448.96 $0.00 $861.58 $153,690.97
192 $153,690.97 $448.96 $0.00 $868.99 $155,008.92
193 $155,008.92 $448.96 $0.00 $876.44 $156,334.32
194 $156,334.32 $448.96 $0.00 $883.94 $157,667.22
195 $157,667.22 $448.96 $0.00 $891.47 $159,007.65
196 $159,007.65 $448.96 $0.00 $899.05 $160,355.66
197 $160,355.66 $448.96 $0.00 $906.67 $161,711.29
198 $161,711.29 $448.96 $0.00 $914.34 $163,074.59
199 $163,074.59 $448.96 $0.00 $922.05 $164,445.60
200 $164,445.60 $448.96 $0.00 $929.80 $165,824.36
201 $165,824.36 $448.96 $0.00 $937.60 $167,210.92
202 $167,210.92 $448.96 $0.00 $945.43 $168,605.31
203 $168,605.31 $448.96 $0.00 $953.32 $170,007.59
204 $170,007.59 $448.96 $0.00 $961.25 $171,417.80
205 $171,417.80 $448.96 $0.00 $969.22 $172,835.98
206 $172,835.98 $448.96 $0.00 $977.24 $174,262.18
207 $174,262.18 $448.96 $0.00 $985.30 $175,696.44
208 $175,696.44 $448.96 $0.00 $993.41 $177,138.81
209 $177,138.81 $448.96 $0.00 $1,001.57 $178,589.34
210 $178,589.34 $448.96 $0.00 $1,009.77 $180,048.07
211 $180,048.07 $448.96 $0.00 $1,018.02 $181,515.05
212 $181,515.05 $448.96 $0.00 $1,026.31 $182,990.32
213 $182,990.32 $448.96 $0.00 $1,034.65 $184,473.93
214 $184,473.93 $448.96 $0.00 $1,043.04 $185,965.93
215 $185,965.93 $448.96 $0.00 $1,051.48 $187,466.37
216 $187,466.37 $448.96 $0.00 $1,059.96 $188,975.29
217 $188,975.29 $448.96 $97,632.72 $1,068.49 $92,860.02
218 $92,860.02 $448.96 $0.00 $525.04 $93,834.02
219 $93,834.02 $448.96 $0.00 $530.55 $94,813.53
220 $94,813.53 $448.96 $0.00 $536.09 $95,798.58
221 $95,798.58 $448.96 $0.00 $541.66 $96,789.20
222 $96,789.20 $448.96 $0.00 $547.26 $97,785.42
223 $97,785.42 $448.96 $0.00 $552.89 $98,787.27
224 $98,787.27 $448.96 $0.00 $558.56 $99,794.79
225 $99,794.79 $448.96 $0.00 $564.25 $100,808.00
226 $100,808.00 $448.96 $0.00 $569.98 $101,826.94
227 $101,826.94 $448.96 $0.00 $575.74 $102,851.64
228 $102,851.64 $448.96 $0.00 $581.54 $103,882.14
229 $103,882.14 $0.00 $104,467.01 $587.36 $2.49