Estimated Annual Cost in 2042 | $118,251 |
Monthly savings required | $525 |
How much will it cost to send your child to St Luke's College in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $236,501.33 for students enrolling in 2042 if tuition increases average 7% per year until then. Assuming you have no current college savings, monthly deposits of $525.38 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.
Current Annual Cost | $33,803.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 7% |
Current Savings | $0.00 |
After Tax Return on Savings | 7% |
Years of enrollment | 2 |
Discover how much will you need to start saving now to afford St Luke's College in the future.
Month | Begin | Deposit | Withdraw | Interest | End |
---|---|---|---|---|---|
1 | $0.00 | $525.38 | $0.00 | $0.00 | $525.38 |
2 | $525.38 | $525.38 | $0.00 | $2.97 | $1,053.73 |
3 | $1,053.73 | $525.38 | $0.00 | $5.96 | $1,585.07 |
4 | $1,585.07 | $525.38 | $0.00 | $8.96 | $2,119.41 |
5 | $2,119.41 | $525.38 | $0.00 | $11.98 | $2,656.77 |
6 | $2,656.77 | $525.38 | $0.00 | $15.02 | $3,197.17 |
7 | $3,197.17 | $525.38 | $0.00 | $18.08 | $3,740.63 |
8 | $3,740.63 | $525.38 | $0.00 | $21.15 | $4,287.16 |
9 | $4,287.16 | $525.38 | $0.00 | $24.24 | $4,836.78 |
10 | $4,836.78 | $525.38 | $0.00 | $27.35 | $5,389.51 |
11 | $5,389.51 | $525.38 | $0.00 | $30.47 | $5,945.36 |
12 | $5,945.36 | $525.38 | $0.00 | $33.62 | $6,504.36 |
13 | $6,504.36 | $525.38 | $0.00 | $36.78 | $7,066.52 |
14 | $7,066.52 | $525.38 | $0.00 | $39.96 | $7,631.86 |
15 | $7,631.86 | $525.38 | $0.00 | $43.15 | $8,200.39 |
16 | $8,200.39 | $525.38 | $0.00 | $46.37 | $8,772.14 |
17 | $8,772.14 | $525.38 | $0.00 | $49.60 | $9,347.12 |
18 | $9,347.12 | $525.38 | $0.00 | $52.85 | $9,925.35 |
19 | $9,925.35 | $525.38 | $0.00 | $56.12 | $10,506.85 |
20 | $10,506.85 | $525.38 | $0.00 | $59.41 | $11,091.64 |
21 | $11,091.64 | $525.38 | $0.00 | $62.71 | $11,679.73 |
22 | $11,679.73 | $525.38 | $0.00 | $66.04 | $12,271.15 |
23 | $12,271.15 | $525.38 | $0.00 | $69.38 | $12,865.91 |
24 | $12,865.91 | $525.38 | $0.00 | $72.75 | $13,464.04 |
25 | $13,464.04 | $525.38 | $0.00 | $76.13 | $14,065.55 |
26 | $14,065.55 | $525.38 | $0.00 | $79.53 | $14,670.46 |
27 | $14,670.46 | $525.38 | $0.00 | $82.95 | $15,278.79 |
28 | $15,278.79 | $525.38 | $0.00 | $86.39 | $15,890.56 |
29 | $15,890.56 | $525.38 | $0.00 | $89.85 | $16,505.79 |
30 | $16,505.79 | $525.38 | $0.00 | $93.33 | $17,124.50 |
31 | $17,124.50 | $525.38 | $0.00 | $96.82 | $17,746.70 |
32 | $17,746.70 | $525.38 | $0.00 | $100.34 | $18,372.42 |
33 | $18,372.42 | $525.38 | $0.00 | $103.88 | $19,001.68 |
34 | $19,001.68 | $525.38 | $0.00 | $107.44 | $19,634.50 |
35 | $19,634.50 | $525.38 | $0.00 | $111.02 | $20,270.90 |
36 | $20,270.90 | $525.38 | $0.00 | $114.61 | $20,910.89 |
37 | $20,910.89 | $525.38 | $0.00 | $118.23 | $21,554.50 |
38 | $21,554.50 | $525.38 | $0.00 | $121.87 | $22,201.75 |
39 | $22,201.75 | $525.38 | $0.00 | $125.53 | $22,852.66 |
40 | $22,852.66 | $525.38 | $0.00 | $129.21 | $23,507.25 |
41 | $23,507.25 | $525.38 | $0.00 | $132.91 | $24,165.54 |
42 | $24,165.54 | $525.38 | $0.00 | $136.64 | $24,827.56 |
43 | $24,827.56 | $525.38 | $0.00 | $140.38 | $25,493.32 |
44 | $25,493.32 | $525.38 | $0.00 | $144.14 | $26,162.84 |
45 | $26,162.84 | $525.38 | $0.00 | $147.93 | $26,836.15 |
46 | $26,836.15 | $525.38 | $0.00 | $151.74 | $27,513.27 |
47 | $27,513.27 | $525.38 | $0.00 | $155.56 | $28,194.21 |
48 | $28,194.21 | $525.38 | $0.00 | $159.41 | $28,879.00 |
49 | $28,879.00 | $525.38 | $0.00 | $163.29 | $29,567.67 |
50 | $29,567.67 | $525.38 | $0.00 | $167.18 | $30,260.23 |
51 | $30,260.23 | $525.38 | $0.00 | $171.10 | $30,956.71 |
52 | $30,956.71 | $525.38 | $0.00 | $175.03 | $31,657.12 |
53 | $31,657.12 | $525.38 | $0.00 | $178.99 | $32,361.49 |
54 | $32,361.49 | $525.38 | $0.00 | $182.98 | $33,069.85 |
55 | $33,069.85 | $525.38 | $0.00 | $186.98 | $33,782.21 |
56 | $33,782.21 | $525.38 | $0.00 | $191.01 | $34,498.60 |
57 | $34,498.60 | $525.38 | $0.00 | $195.06 | $35,219.04 |
58 | $35,219.04 | $525.38 | $0.00 | $199.13 | $35,943.55 |
59 | $35,943.55 | $525.38 | $0.00 | $203.23 | $36,672.16 |
60 | $36,672.16 | $525.38 | $0.00 | $207.35 | $37,404.89 |
61 | $37,404.89 | $525.38 | $0.00 | $211.49 | $38,141.76 |
62 | $38,141.76 | $525.38 | $0.00 | $215.66 | $38,882.80 |
63 | $38,882.80 | $525.38 | $0.00 | $219.85 | $39,628.03 |
64 | $39,628.03 | $525.38 | $0.00 | $224.06 | $40,377.47 |
65 | $40,377.47 | $525.38 | $0.00 | $228.30 | $41,131.15 |
66 | $41,131.15 | $525.38 | $0.00 | $232.56 | $41,889.09 |
67 | $41,889.09 | $525.38 | $0.00 | $236.85 | $42,651.32 |
68 | $42,651.32 | $525.38 | $0.00 | $241.16 | $43,417.86 |
69 | $43,417.86 | $525.38 | $0.00 | $245.49 | $44,188.73 |
70 | $44,188.73 | $525.38 | $0.00 | $249.85 | $44,963.96 |
71 | $44,963.96 | $525.38 | $0.00 | $254.23 | $45,743.57 |
72 | $45,743.57 | $525.38 | $0.00 | $258.64 | $46,527.59 |
73 | $46,527.59 | $525.38 | $0.00 | $263.07 | $47,316.04 |
74 | $47,316.04 | $525.38 | $0.00 | $267.53 | $48,108.95 |
75 | $48,108.95 | $525.38 | $0.00 | $272.01 | $48,906.34 |
76 | $48,906.34 | $525.38 | $0.00 | $276.52 | $49,708.24 |
77 | $49,708.24 | $525.38 | $0.00 | $281.06 | $50,514.68 |
78 | $50,514.68 | $525.38 | $0.00 | $285.62 | $51,325.68 |
79 | $51,325.68 | $525.38 | $0.00 | $290.20 | $52,141.26 |
80 | $52,141.26 | $525.38 | $0.00 | $294.81 | $52,961.45 |
81 | $52,961.45 | $525.38 | $0.00 | $299.45 | $53,786.28 |
82 | $53,786.28 | $525.38 | $0.00 | $304.12 | $54,615.78 |
83 | $54,615.78 | $525.38 | $0.00 | $308.81 | $55,449.97 |
84 | $55,449.97 | $525.38 | $0.00 | $313.52 | $56,288.87 |
85 | $56,288.87 | $525.38 | $0.00 | $318.27 | $57,132.52 |
86 | $57,132.52 | $525.38 | $0.00 | $323.04 | $57,980.94 |
87 | $57,980.94 | $525.38 | $0.00 | $327.83 | $58,834.15 |
88 | $58,834.15 | $525.38 | $0.00 | $332.66 | $59,692.19 |
89 | $59,692.19 | $525.38 | $0.00 | $337.51 | $60,555.08 |
90 | $60,555.08 | $525.38 | $0.00 | $342.39 | $61,422.85 |
91 | $61,422.85 | $525.38 | $0.00 | $347.29 | $62,295.52 |
92 | $62,295.52 | $525.38 | $0.00 | $352.23 | $63,173.13 |
93 | $63,173.13 | $525.38 | $0.00 | $357.19 | $64,055.70 |
94 | $64,055.70 | $525.38 | $0.00 | $362.18 | $64,943.26 |
95 | $64,943.26 | $525.38 | $0.00 | $367.20 | $65,835.84 |
96 | $65,835.84 | $525.38 | $0.00 | $372.25 | $66,733.47 |
97 | $66,733.47 | $525.38 | $0.00 | $377.32 | $67,636.17 |
98 | $67,636.17 | $525.38 | $0.00 | $382.42 | $68,543.97 |
99 | $68,543.97 | $525.38 | $0.00 | $387.56 | $69,456.91 |
100 | $69,456.91 | $525.38 | $0.00 | $392.72 | $70,375.01 |
101 | $70,375.01 | $525.38 | $0.00 | $397.91 | $71,298.30 |
102 | $71,298.30 | $525.38 | $0.00 | $403.13 | $72,226.81 |
103 | $72,226.81 | $525.38 | $0.00 | $408.38 | $73,160.57 |
104 | $73,160.57 | $525.38 | $0.00 | $413.66 | $74,099.61 |
105 | $74,099.61 | $525.38 | $0.00 | $418.97 | $75,043.96 |
106 | $75,043.96 | $525.38 | $0.00 | $424.31 | $75,993.65 |
107 | $75,993.65 | $525.38 | $0.00 | $429.68 | $76,948.71 |
108 | $76,948.71 | $525.38 | $0.00 | $435.08 | $77,909.17 |
109 | $77,909.17 | $525.38 | $0.00 | $440.51 | $78,875.06 |
110 | $78,875.06 | $525.38 | $0.00 | $445.97 | $79,846.41 |
111 | $79,846.41 | $525.38 | $0.00 | $451.46 | $80,823.25 |
112 | $80,823.25 | $525.38 | $0.00 | $456.99 | $81,805.62 |
113 | $81,805.62 | $525.38 | $0.00 | $462.54 | $82,793.54 |
114 | $82,793.54 | $525.38 | $0.00 | $468.13 | $83,787.05 |
115 | $83,787.05 | $525.38 | $0.00 | $473.74 | $84,786.17 |
116 | $84,786.17 | $525.38 | $0.00 | $479.39 | $85,790.94 |
117 | $85,790.94 | $525.38 | $0.00 | $485.07 | $86,801.39 |
118 | $86,801.39 | $525.38 | $0.00 | $490.79 | $87,817.56 |
119 | $87,817.56 | $525.38 | $0.00 | $496.53 | $88,839.47 |
120 | $88,839.47 | $525.38 | $0.00 | $502.31 | $89,867.16 |
121 | $89,867.16 | $525.38 | $0.00 | $508.12 | $90,900.66 |
122 | $90,900.66 | $525.38 | $0.00 | $513.97 | $91,940.01 |
123 | $91,940.01 | $525.38 | $0.00 | $519.84 | $92,985.23 |
124 | $92,985.23 | $525.38 | $0.00 | $525.75 | $94,036.36 |
125 | $94,036.36 | $525.38 | $0.00 | $531.70 | $95,093.44 |
126 | $95,093.44 | $525.38 | $0.00 | $537.67 | $96,156.49 |
127 | $96,156.49 | $525.38 | $0.00 | $543.68 | $97,225.55 |
128 | $97,225.55 | $525.38 | $0.00 | $549.73 | $98,300.66 |
129 | $98,300.66 | $525.38 | $0.00 | $555.81 | $99,381.85 |
130 | $99,381.85 | $525.38 | $0.00 | $561.92 | $100,469.15 |
131 | $100,469.15 | $525.38 | $0.00 | $568.07 | $101,562.60 |
132 | $101,562.60 | $525.38 | $0.00 | $574.25 | $102,662.23 |
133 | $102,662.23 | $525.38 | $0.00 | $580.47 | $103,768.08 |
134 | $103,768.08 | $525.38 | $0.00 | $586.72 | $104,880.18 |
135 | $104,880.18 | $525.38 | $0.00 | $593.01 | $105,998.57 |
136 | $105,998.57 | $525.38 | $0.00 | $599.33 | $107,123.28 |
137 | $107,123.28 | $525.38 | $0.00 | $605.69 | $108,254.35 |
138 | $108,254.35 | $525.38 | $0.00 | $612.09 | $109,391.82 |
139 | $109,391.82 | $525.38 | $0.00 | $618.52 | $110,535.72 |
140 | $110,535.72 | $525.38 | $0.00 | $624.99 | $111,686.09 |
141 | $111,686.09 | $525.38 | $0.00 | $631.49 | $112,842.96 |
142 | $112,842.96 | $525.38 | $0.00 | $638.03 | $114,006.37 |
143 | $114,006.37 | $525.38 | $0.00 | $644.61 | $115,176.36 |
144 | $115,176.36 | $525.38 | $0.00 | $651.22 | $116,352.96 |
145 | $116,352.96 | $525.38 | $0.00 | $657.88 | $117,536.22 |
146 | $117,536.22 | $525.38 | $0.00 | $664.57 | $118,726.17 |
147 | $118,726.17 | $525.38 | $0.00 | $671.30 | $119,922.85 |
148 | $119,922.85 | $525.38 | $0.00 | $678.06 | $121,126.29 |
149 | $121,126.29 | $525.38 | $0.00 | $684.87 | $122,336.54 |
150 | $122,336.54 | $525.38 | $0.00 | $691.71 | $123,553.63 |
151 | $123,553.63 | $525.38 | $0.00 | $698.59 | $124,777.60 |
152 | $124,777.60 | $525.38 | $0.00 | $705.51 | $126,008.49 |
153 | $126,008.49 | $525.38 | $0.00 | $712.47 | $127,246.34 |
154 | $127,246.34 | $525.38 | $0.00 | $719.47 | $128,491.19 |
155 | $128,491.19 | $525.38 | $0.00 | $726.51 | $129,743.08 |
156 | $129,743.08 | $525.38 | $0.00 | $733.59 | $131,002.05 |
157 | $131,002.05 | $525.38 | $0.00 | $740.70 | $132,268.13 |
158 | $132,268.13 | $525.38 | $0.00 | $747.86 | $133,541.37 |
159 | $133,541.37 | $525.38 | $0.00 | $755.06 | $134,821.81 |
160 | $134,821.81 | $525.38 | $0.00 | $762.30 | $136,109.49 |
161 | $136,109.49 | $525.38 | $0.00 | $769.58 | $137,404.45 |
162 | $137,404.45 | $525.38 | $0.00 | $776.90 | $138,706.73 |
163 | $138,706.73 | $525.38 | $0.00 | $784.27 | $140,016.38 |
164 | $140,016.38 | $525.38 | $0.00 | $791.67 | $141,333.43 |
165 | $141,333.43 | $525.38 | $0.00 | $799.12 | $142,657.93 |
166 | $142,657.93 | $525.38 | $0.00 | $806.61 | $143,989.92 |
167 | $143,989.92 | $525.38 | $0.00 | $814.14 | $145,329.44 |
168 | $145,329.44 | $525.38 | $0.00 | $821.71 | $146,676.53 |
169 | $146,676.53 | $525.38 | $0.00 | $829.33 | $148,031.24 |
170 | $148,031.24 | $525.38 | $0.00 | $836.99 | $149,393.61 |
171 | $149,393.61 | $525.38 | $0.00 | $844.69 | $150,763.68 |
172 | $150,763.68 | $525.38 | $0.00 | $852.44 | $152,141.50 |
173 | $152,141.50 | $525.38 | $0.00 | $860.23 | $153,527.11 |
174 | $153,527.11 | $525.38 | $0.00 | $868.06 | $154,920.55 |
175 | $154,920.55 | $525.38 | $0.00 | $875.94 | $156,321.87 |
176 | $156,321.87 | $525.38 | $0.00 | $883.87 | $157,731.12 |
177 | $157,731.12 | $525.38 | $0.00 | $891.83 | $159,148.33 |
178 | $159,148.33 | $525.38 | $0.00 | $899.85 | $160,573.56 |
179 | $160,573.56 | $525.38 | $0.00 | $907.91 | $162,006.85 |
180 | $162,006.85 | $525.38 | $0.00 | $916.01 | $163,448.24 |
181 | $163,448.24 | $525.38 | $0.00 | $924.16 | $164,897.78 |
182 | $164,897.78 | $525.38 | $0.00 | $932.36 | $166,355.52 |
183 | $166,355.52 | $525.38 | $0.00 | $940.60 | $167,821.50 |
184 | $167,821.50 | $525.38 | $0.00 | $948.89 | $169,295.77 |
185 | $169,295.77 | $525.38 | $0.00 | $957.22 | $170,778.37 |
186 | $170,778.37 | $525.38 | $0.00 | $965.61 | $172,269.36 |
187 | $172,269.36 | $525.38 | $0.00 | $974.04 | $173,768.78 |
188 | $173,768.78 | $525.38 | $0.00 | $982.51 | $175,276.67 |
189 | $175,276.67 | $525.38 | $0.00 | $991.04 | $176,793.09 |
190 | $176,793.09 | $525.38 | $0.00 | $999.61 | $178,318.08 |
191 | $178,318.08 | $525.38 | $0.00 | $1,008.24 | $179,851.70 |
192 | $179,851.70 | $525.38 | $0.00 | $1,016.91 | $181,393.99 |
193 | $181,393.99 | $525.38 | $0.00 | $1,025.63 | $182,945.00 |
194 | $182,945.00 | $525.38 | $0.00 | $1,034.40 | $184,504.78 |
195 | $184,504.78 | $525.38 | $0.00 | $1,043.22 | $186,073.38 |
196 | $186,073.38 | $525.38 | $0.00 | $1,052.09 | $187,650.85 |
197 | $187,650.85 | $525.38 | $0.00 | $1,061.01 | $189,237.24 |
198 | $189,237.24 | $525.38 | $0.00 | $1,069.97 | $190,832.59 |
199 | $190,832.59 | $525.38 | $0.00 | $1,079.00 | $192,436.97 |
200 | $192,436.97 | $525.38 | $0.00 | $1,088.07 | $194,050.42 |
201 | $194,050.42 | $525.38 | $0.00 | $1,097.19 | $195,672.99 |
202 | $195,672.99 | $525.38 | $0.00 | $1,106.36 | $197,304.73 |
203 | $197,304.73 | $525.38 | $0.00 | $1,115.59 | $198,945.70 |
204 | $198,945.70 | $525.38 | $0.00 | $1,124.87 | $200,595.95 |
205 | $200,595.95 | $525.38 | $0.00 | $1,134.20 | $202,255.53 |
206 | $202,255.53 | $525.38 | $0.00 | $1,143.58 | $203,924.49 |
207 | $203,924.49 | $525.38 | $0.00 | $1,153.02 | $205,602.89 |
208 | $205,602.89 | $525.38 | $0.00 | $1,162.51 | $207,290.78 |
209 | $207,290.78 | $525.38 | $0.00 | $1,172.05 | $208,988.21 |
210 | $208,988.21 | $525.38 | $0.00 | $1,181.65 | $210,695.24 |
211 | $210,695.24 | $525.38 | $0.00 | $1,191.30 | $212,411.92 |
212 | $212,411.92 | $525.38 | $0.00 | $1,201.01 | $214,138.31 |
213 | $214,138.31 | $525.38 | $0.00 | $1,210.77 | $215,874.46 |
214 | $215,874.46 | $525.38 | $0.00 | $1,220.59 | $217,620.43 |
215 | $217,620.43 | $525.38 | $0.00 | $1,230.46 | $219,376.27 |
216 | $219,376.27 | $525.38 | $0.00 | $1,240.39 | $221,142.04 |
217 | $221,142.04 | $525.38 | $114,251.85 | $1,250.37 | $108,665.94 |
218 | $108,665.94 | $525.38 | $0.00 | $614.41 | $109,805.73 |
219 | $109,805.73 | $525.38 | $0.00 | $620.86 | $110,951.97 |
220 | $110,951.97 | $525.38 | $0.00 | $627.34 | $112,104.69 |
221 | $112,104.69 | $525.38 | $0.00 | $633.86 | $113,263.93 |
222 | $113,263.93 | $525.38 | $0.00 | $640.41 | $114,429.72 |
223 | $114,429.72 | $525.38 | $0.00 | $647.00 | $115,602.10 |
224 | $115,602.10 | $525.38 | $0.00 | $653.63 | $116,781.11 |
225 | $116,781.11 | $525.38 | $0.00 | $660.30 | $117,966.79 |
226 | $117,966.79 | $525.38 | $0.00 | $667.00 | $119,159.17 |
227 | $119,159.17 | $525.38 | $0.00 | $673.74 | $120,358.29 |
228 | $120,358.29 | $525.38 | $0.00 | $680.52 | $121,564.19 |
229 | $121,564.19 | $0.00 | $122,249.48 | $687.34 | $2.05 |