Savings Plan and Future Cost Estimation for Lake Superior State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$103,899
Monthly savings required$821

How much will it cost to send your child to Lake Superior State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $415,595.73 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $821.13 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$27,694.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Discover how much will you need to start saving now to afford Lake Superior State University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $821.13 $0.00 $0.00 $821.13
2 $821.13 $821.13 $0.00 $4.64 $1,646.90
3 $1,646.90 $821.13 $0.00 $9.31 $2,477.34
4 $2,477.34 $821.13 $0.00 $14.01 $3,312.48
5 $3,312.48 $821.13 $0.00 $18.73 $4,152.34
6 $4,152.34 $821.13 $0.00 $23.48 $4,996.95
7 $4,996.95 $821.13 $0.00 $28.25 $5,846.33
8 $5,846.33 $821.13 $0.00 $33.06 $6,700.52
9 $6,700.52 $821.13 $0.00 $37.89 $7,559.54
10 $7,559.54 $821.13 $0.00 $42.74 $8,423.41
11 $8,423.41 $821.13 $0.00 $47.63 $9,292.17
12 $9,292.17 $821.13 $0.00 $52.54 $10,165.84
13 $10,165.84 $821.13 $0.00 $57.48 $11,044.45
14 $11,044.45 $821.13 $0.00 $62.45 $11,928.03
15 $11,928.03 $821.13 $0.00 $67.44 $12,816.60
16 $12,816.60 $821.13 $0.00 $72.47 $13,710.20
17 $13,710.20 $821.13 $0.00 $77.52 $14,608.85
18 $14,608.85 $821.13 $0.00 $82.60 $15,512.58
19 $15,512.58 $821.13 $0.00 $87.71 $16,421.42
20 $16,421.42 $821.13 $0.00 $92.85 $17,335.40
21 $17,335.40 $821.13 $0.00 $98.02 $18,254.55
22 $18,254.55 $821.13 $0.00 $103.21 $19,178.89
23 $19,178.89 $821.13 $0.00 $108.44 $20,108.46
24 $20,108.46 $821.13 $0.00 $113.70 $21,043.29
25 $21,043.29 $821.13 $0.00 $118.98 $21,983.40
26 $21,983.40 $821.13 $0.00 $124.30 $22,928.83
27 $22,928.83 $821.13 $0.00 $129.64 $23,879.60
28 $23,879.60 $821.13 $0.00 $135.02 $24,835.75
29 $24,835.75 $821.13 $0.00 $140.42 $25,797.30
30 $25,797.30 $821.13 $0.00 $145.86 $26,764.29
31 $26,764.29 $821.13 $0.00 $151.33 $27,736.75
32 $27,736.75 $821.13 $0.00 $156.83 $28,714.71
33 $28,714.71 $821.13 $0.00 $162.36 $29,698.20
34 $29,698.20 $821.13 $0.00 $167.92 $30,687.25
35 $30,687.25 $821.13 $0.00 $173.51 $31,681.89
36 $31,681.89 $821.13 $0.00 $179.13 $32,682.15
37 $32,682.15 $821.13 $0.00 $184.79 $33,688.07
38 $33,688.07 $821.13 $0.00 $190.48 $34,699.68
39 $34,699.68 $821.13 $0.00 $196.20 $35,717.01
40 $35,717.01 $821.13 $0.00 $201.95 $36,740.09
41 $36,740.09 $821.13 $0.00 $207.73 $37,768.95
42 $37,768.95 $821.13 $0.00 $213.55 $38,803.63
43 $38,803.63 $821.13 $0.00 $219.40 $39,844.16
44 $39,844.16 $821.13 $0.00 $225.28 $40,890.57
45 $40,890.57 $821.13 $0.00 $231.20 $41,942.90
46 $41,942.90 $821.13 $0.00 $237.15 $43,001.18
47 $43,001.18 $821.13 $0.00 $243.13 $44,065.44
48 $44,065.44 $821.13 $0.00 $249.15 $45,135.72
49 $45,135.72 $821.13 $0.00 $255.20 $46,212.05
50 $46,212.05 $821.13 $0.00 $261.29 $47,294.47
51 $47,294.47 $821.13 $0.00 $267.41 $48,383.01
52 $48,383.01 $821.13 $0.00 $273.56 $49,477.70
53 $49,477.70 $821.13 $0.00 $279.75 $50,578.58
54 $50,578.58 $821.13 $0.00 $285.98 $51,685.69
55 $51,685.69 $821.13 $0.00 $292.24 $52,799.06
56 $52,799.06 $821.13 $0.00 $298.53 $53,918.72
57 $53,918.72 $821.13 $0.00 $304.86 $55,044.71
58 $55,044.71 $821.13 $0.00 $311.23 $56,177.07
59 $56,177.07 $821.13 $0.00 $317.63 $57,315.83
60 $57,315.83 $821.13 $0.00 $324.07 $58,461.03
61 $58,461.03 $821.13 $0.00 $330.55 $59,612.71
62 $59,612.71 $821.13 $0.00 $337.06 $60,770.90
63 $60,770.90 $821.13 $0.00 $343.61 $61,935.64
64 $61,935.64 $821.13 $0.00 $350.19 $63,106.96
65 $63,106.96 $821.13 $0.00 $356.82 $64,284.91
66 $64,284.91 $821.13 $0.00 $363.48 $65,469.52
67 $65,469.52 $821.13 $0.00 $370.17 $66,660.82
68 $66,660.82 $821.13 $0.00 $376.91 $67,858.86
69 $67,858.86 $821.13 $0.00 $383.68 $69,063.67
70 $69,063.67 $821.13 $0.00 $390.50 $70,275.30
71 $70,275.30 $821.13 $0.00 $397.35 $71,493.78
72 $71,493.78 $821.13 $0.00 $404.24 $72,719.15
73 $72,719.15 $821.13 $0.00 $411.16 $73,951.44
74 $73,951.44 $821.13 $0.00 $418.13 $75,190.70
75 $75,190.70 $821.13 $0.00 $425.14 $76,436.97
76 $76,436.97 $821.13 $0.00 $432.19 $77,690.29
77 $77,690.29 $821.13 $0.00 $439.27 $78,950.69
78 $78,950.69 $821.13 $0.00 $446.40 $80,218.22
79 $80,218.22 $821.13 $0.00 $453.57 $81,492.92
80 $81,492.92 $821.13 $0.00 $460.77 $82,774.82
81 $82,774.82 $821.13 $0.00 $468.02 $84,063.97
82 $84,063.97 $821.13 $0.00 $475.31 $85,360.41
83 $85,360.41 $821.13 $0.00 $482.64 $86,664.18
84 $86,664.18 $821.13 $0.00 $490.01 $87,975.32
85 $87,975.32 $821.13 $0.00 $497.43 $89,293.88
86 $89,293.88 $821.13 $0.00 $504.88 $90,619.89
87 $90,619.89 $821.13 $0.00 $512.38 $91,953.40
88 $91,953.40 $821.13 $0.00 $519.92 $93,294.45
89 $93,294.45 $821.13 $0.00 $527.50 $94,643.08
90 $94,643.08 $821.13 $0.00 $535.13 $95,999.34
91 $95,999.34 $821.13 $0.00 $542.79 $97,363.26
92 $97,363.26 $821.13 $0.00 $550.51 $98,734.90
93 $98,734.90 $821.13 $0.00 $558.26 $100,114.29
94 $100,114.29 $821.13 $0.00 $566.06 $101,501.48
95 $101,501.48 $821.13 $0.00 $573.90 $102,896.51
96 $102,896.51 $821.13 $0.00 $581.79 $104,299.43
97 $104,299.43 $821.13 $0.00 $589.72 $105,710.28
98 $105,710.28 $821.13 $0.00 $597.70 $107,129.11
99 $107,129.11 $821.13 $0.00 $605.72 $108,555.96
100 $108,555.96 $821.13 $0.00 $613.79 $109,990.88
101 $109,990.88 $821.13 $0.00 $621.90 $111,433.91
102 $111,433.91 $821.13 $0.00 $630.06 $112,885.10
103 $112,885.10 $821.13 $0.00 $638.27 $114,344.50
104 $114,344.50 $821.13 $0.00 $646.52 $115,812.15
105 $115,812.15 $821.13 $0.00 $654.82 $117,288.10
106 $117,288.10 $821.13 $0.00 $663.16 $118,772.39
107 $118,772.39 $821.13 $0.00 $671.56 $120,265.08
108 $120,265.08 $821.13 $0.00 $680.00 $121,766.21
109 $121,766.21 $821.13 $0.00 $688.48 $123,275.82
110 $123,275.82 $821.13 $0.00 $697.02 $124,793.97
111 $124,793.97 $821.13 $0.00 $705.60 $126,320.70
112 $126,320.70 $821.13 $0.00 $714.24 $127,856.07
113 $127,856.07 $821.13 $0.00 $722.92 $129,400.12
114 $129,400.12 $821.13 $0.00 $731.65 $130,952.90
115 $130,952.90 $821.13 $0.00 $740.43 $132,514.46
116 $132,514.46 $821.13 $0.00 $749.26 $134,084.85
117 $134,084.85 $821.13 $0.00 $758.14 $135,664.12
118 $135,664.12 $821.13 $0.00 $767.06 $137,252.31
119 $137,252.31 $821.13 $0.00 $776.04 $138,849.48
120 $138,849.48 $821.13 $0.00 $785.08 $140,455.69
121 $140,455.69 $821.13 $0.00 $794.16 $142,070.98
122 $142,070.98 $821.13 $0.00 $803.29 $143,695.40
123 $143,695.40 $821.13 $0.00 $812.47 $145,329.00
124 $145,329.00 $821.13 $0.00 $821.71 $146,971.84
125 $146,971.84 $821.13 $0.00 $831.00 $148,623.97
126 $148,623.97 $821.13 $0.00 $840.34 $150,285.44
127 $150,285.44 $821.13 $0.00 $849.74 $151,956.31
128 $151,956.31 $821.13 $0.00 $859.18 $153,636.62
129 $153,636.62 $821.13 $0.00 $868.68 $155,326.43
130 $155,326.43 $821.13 $0.00 $878.24 $157,025.80
131 $157,025.80 $821.13 $0.00 $887.85 $158,734.78
132 $158,734.78 $821.13 $0.00 $897.51 $160,453.42
133 $160,453.42 $821.13 $0.00 $907.23 $162,181.78
134 $162,181.78 $821.13 $0.00 $917.00 $163,919.91
135 $163,919.91 $821.13 $0.00 $926.83 $165,667.87
136 $165,667.87 $821.13 $0.00 $936.71 $167,425.71
137 $167,425.71 $821.13 $0.00 $946.65 $169,193.49
138 $169,193.49 $821.13 $0.00 $956.64 $170,971.26
139 $170,971.26 $821.13 $0.00 $966.70 $172,759.09
140 $172,759.09 $821.13 $0.00 $976.81 $174,557.03
141 $174,557.03 $821.13 $0.00 $986.97 $176,365.13
142 $176,365.13 $821.13 $0.00 $997.19 $178,183.45
143 $178,183.45 $821.13 $0.00 $1,007.48 $180,012.06
144 $180,012.06 $821.13 $0.00 $1,017.81 $181,851.00
145 $181,851.00 $821.13 $0.00 $1,028.21 $183,700.34
146 $183,700.34 $821.13 $0.00 $1,038.67 $185,560.14
147 $185,560.14 $821.13 $0.00 $1,049.18 $187,430.45
148 $187,430.45 $821.13 $0.00 $1,059.76 $189,311.34
149 $189,311.34 $821.13 $0.00 $1,070.39 $191,202.86
150 $191,202.86 $821.13 $0.00 $1,081.09 $193,105.08
151 $193,105.08 $821.13 $0.00 $1,091.84 $195,018.05
152 $195,018.05 $821.13 $0.00 $1,102.66 $196,941.84
153 $196,941.84 $821.13 $0.00 $1,113.54 $198,876.51
154 $198,876.51 $821.13 $0.00 $1,124.48 $200,822.12
155 $200,822.12 $821.13 $0.00 $1,135.48 $202,778.73
156 $202,778.73 $821.13 $0.00 $1,146.54 $204,746.40
157 $204,746.40 $821.13 $0.00 $1,157.67 $206,725.20
158 $206,725.20 $821.13 $0.00 $1,168.85 $208,715.18
159 $208,715.18 $821.13 $0.00 $1,180.11 $210,716.42
160 $210,716.42 $821.13 $0.00 $1,191.42 $212,728.97
161 $212,728.97 $821.13 $0.00 $1,202.80 $214,752.90
162 $214,752.90 $821.13 $0.00 $1,214.24 $216,788.27
163 $216,788.27 $821.13 $0.00 $1,225.75 $218,835.15
164 $218,835.15 $821.13 $0.00 $1,237.33 $220,893.61
165 $220,893.61 $821.13 $0.00 $1,248.96 $222,963.70
166 $222,963.70 $821.13 $0.00 $1,260.67 $225,045.50
167 $225,045.50 $821.13 $0.00 $1,272.44 $227,139.07
168 $227,139.07 $821.13 $0.00 $1,284.28 $229,244.48
169 $229,244.48 $821.13 $0.00 $1,296.18 $231,361.79
170 $231,361.79 $821.13 $0.00 $1,308.15 $233,491.07
171 $233,491.07 $821.13 $0.00 $1,320.19 $235,632.39
172 $235,632.39 $821.13 $0.00 $1,332.30 $237,785.82
173 $237,785.82 $821.13 $0.00 $1,344.48 $239,951.43
174 $239,951.43 $821.13 $0.00 $1,356.72 $242,129.28
175 $242,129.28 $821.13 $0.00 $1,369.03 $244,319.44
176 $244,319.44 $821.13 $0.00 $1,381.42 $246,521.99
177 $246,521.99 $821.13 $0.00 $1,393.87 $248,736.99
178 $248,736.99 $821.13 $0.00 $1,406.40 $250,964.52
179 $250,964.52 $821.13 $0.00 $1,418.99 $253,204.64
180 $253,204.64 $821.13 $0.00 $1,431.66 $255,457.43
181 $255,457.43 $821.13 $0.00 $1,444.39 $257,722.95
182 $257,722.95 $821.13 $0.00 $1,457.20 $260,001.28
183 $260,001.28 $821.13 $0.00 $1,470.09 $262,292.50
184 $262,292.50 $821.13 $0.00 $1,483.04 $264,596.67
185 $264,596.67 $821.13 $0.00 $1,496.07 $266,913.87
186 $266,913.87 $821.13 $0.00 $1,509.17 $269,244.17
187 $269,244.17 $821.13 $0.00 $1,522.35 $271,587.65
188 $271,587.65 $821.13 $0.00 $1,535.60 $273,944.38
189 $273,944.38 $821.13 $0.00 $1,548.92 $276,314.43
190 $276,314.43 $821.13 $0.00 $1,562.32 $278,697.88
191 $278,697.88 $821.13 $0.00 $1,575.80 $281,094.81
192 $281,094.81 $821.13 $0.00 $1,589.35 $283,505.29
193 $283,505.29 $821.13 $0.00 $1,602.98 $285,929.40
194 $285,929.40 $821.13 $0.00 $1,616.69 $288,367.22
195 $288,367.22 $821.13 $0.00 $1,630.47 $290,818.82
196 $290,818.82 $821.13 $0.00 $1,644.33 $293,284.28
197 $293,284.28 $821.13 $0.00 $1,658.27 $295,763.68
198 $295,763.68 $821.13 $0.00 $1,672.29 $298,257.10
199 $298,257.10 $821.13 $0.00 $1,686.39 $300,764.62
200 $300,764.62 $821.13 $0.00 $1,700.57 $303,286.32
201 $303,286.32 $821.13 $0.00 $1,714.82 $305,822.27
202 $305,822.27 $821.13 $0.00 $1,729.16 $308,372.56
203 $308,372.56 $821.13 $0.00 $1,743.58 $310,937.27
204 $310,937.27 $821.13 $0.00 $1,758.08 $313,516.48
205 $313,516.48 $821.13 $0.00 $1,772.67 $316,110.28
206 $316,110.28 $821.13 $0.00 $1,787.33 $318,718.74
207 $318,718.74 $821.13 $0.00 $1,802.08 $321,341.95
208 $321,341.95 $821.13 $0.00 $1,816.91 $323,979.99
209 $323,979.99 $821.13 $0.00 $1,831.83 $326,632.95
210 $326,632.95 $821.13 $0.00 $1,846.83 $329,300.91
211 $329,300.91 $821.13 $0.00 $1,861.92 $331,983.96
212 $331,983.96 $821.13 $0.00 $1,877.09 $334,682.18
213 $334,682.18 $821.13 $0.00 $1,892.34 $337,395.65
214 $337,395.65 $821.13 $0.00 $1,907.68 $340,124.46
215 $340,124.46 $821.13 $0.00 $1,923.11 $342,868.70
216 $342,868.70 $821.13 $0.00 $1,938.63 $345,628.46
217 $345,628.46 $821.13 $93,603.84 $1,954.23 $254,799.98
218 $254,799.98 $821.13 $0.00 $1,440.68 $257,061.79
219 $257,061.79 $821.13 $0.00 $1,453.46 $259,336.38
220 $259,336.38 $821.13 $0.00 $1,466.33 $261,623.84
221 $261,623.84 $821.13 $0.00 $1,479.26 $263,924.23
222 $263,924.23 $821.13 $0.00 $1,492.27 $266,237.63
223 $266,237.63 $821.13 $0.00 $1,505.35 $268,564.11
224 $268,564.11 $821.13 $0.00 $1,518.50 $270,903.74
225 $270,903.74 $821.13 $0.00 $1,531.73 $273,256.60
226 $273,256.60 $821.13 $0.00 $1,545.03 $275,622.76
227 $275,622.76 $821.13 $0.00 $1,558.41 $278,002.30
228 $278,002.30 $821.13 $0.00 $1,571.87 $280,395.30
229 $280,395.30 $821.13 $100,156.11 $1,585.40 $182,645.72
230 $182,645.72 $821.13 $0.00 $1,032.71 $184,499.56
231 $184,499.56 $821.13 $0.00 $1,043.19 $186,363.88
232 $186,363.88 $821.13 $0.00 $1,053.73 $188,238.74
233 $188,238.74 $821.13 $0.00 $1,064.33 $190,124.20
234 $190,124.20 $821.13 $0.00 $1,074.99 $192,020.32
235 $192,020.32 $821.13 $0.00 $1,085.71 $193,927.16
236 $193,927.16 $821.13 $0.00 $1,096.49 $195,844.78
237 $195,844.78 $821.13 $0.00 $1,107.33 $197,773.24
238 $197,773.24 $821.13 $0.00 $1,118.24 $199,712.61
239 $199,712.61 $821.13 $0.00 $1,129.20 $201,662.94
240 $201,662.94 $821.13 $0.00 $1,140.23 $203,624.30
241 $203,624.30 $821.13 $107,167.04 $1,151.32 $98,429.71
242 $98,429.71 $821.13 $0.00 $556.54 $99,807.38
243 $99,807.38 $821.13 $0.00 $564.33 $101,192.84
244 $101,192.84 $821.13 $0.00 $572.16 $102,586.13
245 $102,586.13 $821.13 $0.00 $580.04 $103,987.30
246 $103,987.30 $821.13 $0.00 $587.96 $105,396.39
247 $105,396.39 $821.13 $0.00 $595.93 $106,813.45
248 $106,813.45 $821.13 $0.00 $603.94 $108,238.52
249 $108,238.52 $821.13 $0.00 $612.00 $109,671.65
250 $109,671.65 $821.13 $0.00 $620.10 $111,112.88
251 $111,112.88 $821.13 $0.00 $628.25 $112,562.26
252 $112,562.26 $821.13 $0.00 $636.44 $114,019.83
253 $114,019.83 $0.00 $114,668.73 $644.68 -$4.22