Savings Plan and Future Cost Estimation for Lansing Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$61,359
Monthly savings required$273

How much will it cost to send your child to Lansing Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $122,717.91 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $272.61 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$17,540.00
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 $272.61 $0.00 $0.00 $272.61
2 $272.61 $272.61 $0.00 $1.54 $546.76
3 $546.76 $272.61 $0.00 $3.09 $822.46
4 $822.46 $272.61 $0.00 $4.65 $1,099.72
5 $1,099.72 $272.61 $0.00 $6.22 $1,378.55
6 $1,378.55 $272.61 $0.00 $7.79 $1,658.95
7 $1,658.95 $272.61 $0.00 $9.38 $1,940.94
8 $1,940.94 $272.61 $0.00 $10.97 $2,224.52
9 $2,224.52 $272.61 $0.00 $12.58 $2,509.71
10 $2,509.71 $272.61 $0.00 $14.19 $2,796.51
11 $2,796.51 $272.61 $0.00 $15.81 $3,084.93
12 $3,084.93 $272.61 $0.00 $17.44 $3,374.98
13 $3,374.98 $272.61 $0.00 $19.08 $3,666.67
14 $3,666.67 $272.61 $0.00 $20.73 $3,960.01
15 $3,960.01 $272.61 $0.00 $22.39 $4,255.01
16 $4,255.01 $272.61 $0.00 $24.06 $4,551.68
17 $4,551.68 $272.61 $0.00 $25.74 $4,850.03
18 $4,850.03 $272.61 $0.00 $27.42 $5,150.06
19 $5,150.06 $272.61 $0.00 $29.12 $5,451.79
20 $5,451.79 $272.61 $0.00 $30.83 $5,755.23
21 $5,755.23 $272.61 $0.00 $32.54 $6,060.38
22 $6,060.38 $272.61 $0.00 $34.27 $6,367.26
23 $6,367.26 $272.61 $0.00 $36.00 $6,675.87
24 $6,675.87 $272.61 $0.00 $37.75 $6,986.23
25 $6,986.23 $272.61 $0.00 $39.50 $7,298.34
26 $7,298.34 $272.61 $0.00 $41.27 $7,612.22
27 $7,612.22 $272.61 $0.00 $43.04 $7,927.87
28 $7,927.87 $272.61 $0.00 $44.83 $8,245.31
29 $8,245.31 $272.61 $0.00 $46.62 $8,564.54
30 $8,564.54 $272.61 $0.00 $48.43 $8,885.58
31 $8,885.58 $272.61 $0.00 $50.24 $9,208.43
32 $9,208.43 $272.61 $0.00 $52.07 $9,533.11
33 $9,533.11 $272.61 $0.00 $53.90 $9,859.62
34 $9,859.62 $272.61 $0.00 $55.75 $10,187.98
35 $10,187.98 $272.61 $0.00 $57.60 $10,518.19
36 $10,518.19 $272.61 $0.00 $59.47 $10,850.27
37 $10,850.27 $272.61 $0.00 $61.35 $11,184.23
38 $11,184.23 $272.61 $0.00 $63.24 $11,520.08
39 $11,520.08 $272.61 $0.00 $65.14 $11,857.83
40 $11,857.83 $272.61 $0.00 $67.05 $12,197.49
41 $12,197.49 $272.61 $0.00 $68.97 $12,539.07
42 $12,539.07 $272.61 $0.00 $70.90 $12,882.58
43 $12,882.58 $272.61 $0.00 $72.84 $13,228.03
44 $13,228.03 $272.61 $0.00 $74.79 $13,575.43
45 $13,575.43 $272.61 $0.00 $76.76 $13,924.80
46 $13,924.80 $272.61 $0.00 $78.73 $14,276.14
47 $14,276.14 $272.61 $0.00 $80.72 $14,629.47
48 $14,629.47 $272.61 $0.00 $82.72 $14,984.80
49 $14,984.80 $272.61 $0.00 $84.73 $15,342.14
50 $15,342.14 $272.61 $0.00 $86.75 $15,701.50
51 $15,701.50 $272.61 $0.00 $88.78 $16,062.89
52 $16,062.89 $272.61 $0.00 $90.82 $16,426.32
53 $16,426.32 $272.61 $0.00 $92.88 $16,791.81
54 $16,791.81 $272.61 $0.00 $94.94 $17,159.36
55 $17,159.36 $272.61 $0.00 $97.02 $17,528.99
56 $17,528.99 $272.61 $0.00 $99.11 $17,900.71
57 $17,900.71 $272.61 $0.00 $101.21 $18,274.53
58 $18,274.53 $272.61 $0.00 $103.33 $18,650.47
59 $18,650.47 $272.61 $0.00 $105.45 $19,028.53
60 $19,028.53 $272.61 $0.00 $107.59 $19,408.73
61 $19,408.73 $272.61 $0.00 $109.74 $19,791.08
62 $19,791.08 $272.61 $0.00 $111.90 $20,175.59
63 $20,175.59 $272.61 $0.00 $114.08 $20,562.28
64 $20,562.28 $272.61 $0.00 $116.26 $20,951.15
65 $20,951.15 $272.61 $0.00 $118.46 $21,342.22
66 $21,342.22 $272.61 $0.00 $120.67 $21,735.50
67 $21,735.50 $272.61 $0.00 $122.90 $22,131.01
68 $22,131.01 $272.61 $0.00 $125.13 $22,528.75
69 $22,528.75 $272.61 $0.00 $127.38 $22,928.74
70 $22,928.74 $272.61 $0.00 $129.64 $23,330.99
71 $23,330.99 $272.61 $0.00 $131.92 $23,735.52
72 $23,735.52 $272.61 $0.00 $134.20 $24,142.33
73 $24,142.33 $272.61 $0.00 $136.50 $24,551.44
74 $24,551.44 $272.61 $0.00 $138.82 $24,962.87
75 $24,962.87 $272.61 $0.00 $141.14 $25,376.62
76 $25,376.62 $272.61 $0.00 $143.48 $25,792.71
77 $25,792.71 $272.61 $0.00 $145.84 $26,211.16
78 $26,211.16 $272.61 $0.00 $148.20 $26,631.97
79 $26,631.97 $272.61 $0.00 $150.58 $27,055.16
80 $27,055.16 $272.61 $0.00 $152.97 $27,480.74
81 $27,480.74 $272.61 $0.00 $155.38 $27,908.73
82 $27,908.73 $272.61 $0.00 $157.80 $28,339.14
83 $28,339.14 $272.61 $0.00 $160.23 $28,771.98
84 $28,771.98 $272.61 $0.00 $162.68 $29,207.27
85 $29,207.27 $272.61 $0.00 $165.14 $29,645.02
86 $29,645.02 $272.61 $0.00 $167.62 $30,085.25
87 $30,085.25 $272.61 $0.00 $170.11 $30,527.97
88 $30,527.97 $272.61 $0.00 $172.61 $30,973.19
89 $30,973.19 $272.61 $0.00 $175.13 $31,420.93
90 $31,420.93 $272.61 $0.00 $177.66 $31,871.20
91 $31,871.20 $272.61 $0.00 $180.20 $32,324.01
92 $32,324.01 $272.61 $0.00 $182.76 $32,779.38
93 $32,779.38 $272.61 $0.00 $185.34 $33,237.33
94 $33,237.33 $272.61 $0.00 $187.93 $33,697.87
95 $33,697.87 $272.61 $0.00 $190.53 $34,161.01
96 $34,161.01 $272.61 $0.00 $193.15 $34,626.77
97 $34,626.77 $272.61 $0.00 $195.78 $35,095.16
98 $35,095.16 $272.61 $0.00 $198.43 $35,566.20
99 $35,566.20 $272.61 $0.00 $201.10 $36,039.91
100 $36,039.91 $272.61 $0.00 $203.77 $36,516.29
101 $36,516.29 $272.61 $0.00 $206.47 $36,995.37
102 $36,995.37 $272.61 $0.00 $209.18 $37,477.16
103 $37,477.16 $272.61 $0.00 $211.90 $37,961.67
104 $37,961.67 $272.61 $0.00 $214.64 $38,448.92
105 $38,448.92 $272.61 $0.00 $217.40 $38,938.93
106 $38,938.93 $272.61 $0.00 $220.17 $39,431.71
107 $39,431.71 $272.61 $0.00 $222.95 $39,927.27
108 $39,927.27 $272.61 $0.00 $225.75 $40,425.63
109 $40,425.63 $272.61 $0.00 $228.57 $40,926.81
110 $40,926.81 $272.61 $0.00 $231.41 $41,430.83
111 $41,430.83 $272.61 $0.00 $234.26 $41,937.70
112 $41,937.70 $272.61 $0.00 $237.12 $42,447.43
113 $42,447.43 $272.61 $0.00 $240.00 $42,960.04
114 $42,960.04 $272.61 $0.00 $242.90 $43,475.55
115 $43,475.55 $272.61 $0.00 $245.82 $43,993.98
116 $43,993.98 $272.61 $0.00 $248.75 $44,515.34
117 $44,515.34 $272.61 $0.00 $251.70 $45,039.65
118 $45,039.65 $272.61 $0.00 $254.66 $45,566.92
119 $45,566.92 $272.61 $0.00 $257.64 $46,097.17
120 $46,097.17 $272.61 $0.00 $260.64 $46,630.42
121 $46,630.42 $272.61 $0.00 $263.66 $47,166.69
122 $47,166.69 $272.61 $0.00 $266.69 $47,705.99
123 $47,705.99 $272.61 $0.00 $269.74 $48,248.34
124 $48,248.34 $272.61 $0.00 $272.80 $48,793.75
125 $48,793.75 $272.61 $0.00 $275.89 $49,342.25
126 $49,342.25 $272.61 $0.00 $278.99 $49,893.85
127 $49,893.85 $272.61 $0.00 $282.11 $50,448.57
128 $50,448.57 $272.61 $0.00 $285.24 $51,006.42
129 $51,006.42 $272.61 $0.00 $288.40 $51,567.43
130 $51,567.43 $272.61 $0.00 $291.57 $52,131.61
131 $52,131.61 $272.61 $0.00 $294.76 $52,698.98
132 $52,698.98 $272.61 $0.00 $297.97 $53,269.56
133 $53,269.56 $272.61 $0.00 $301.19 $53,843.36
134 $53,843.36 $272.61 $0.00 $304.44 $54,420.41
135 $54,420.41 $272.61 $0.00 $307.70 $55,000.72
136 $55,000.72 $272.61 $0.00 $310.98 $55,584.31
137 $55,584.31 $272.61 $0.00 $314.28 $56,171.20
138 $56,171.20 $272.61 $0.00 $317.60 $56,761.41
139 $56,761.41 $272.61 $0.00 $320.94 $57,354.96
140 $57,354.96 $272.61 $0.00 $324.29 $57,951.86
141 $57,951.86 $272.61 $0.00 $327.67 $58,552.14
142 $58,552.14 $272.61 $0.00 $331.06 $59,155.81
143 $59,155.81 $272.61 $0.00 $334.48 $59,762.90
144 $59,762.90 $272.61 $0.00 $337.91 $60,373.42
145 $60,373.42 $272.61 $0.00 $341.36 $60,987.39
146 $60,987.39 $272.61 $0.00 $344.83 $61,604.83
147 $61,604.83 $272.61 $0.00 $348.32 $62,225.76
148 $62,225.76 $272.61 $0.00 $351.83 $62,850.20
149 $62,850.20 $272.61 $0.00 $355.36 $63,478.17
150 $63,478.17 $272.61 $0.00 $358.91 $64,109.69
151 $64,109.69 $272.61 $0.00 $362.49 $64,744.79
152 $64,744.79 $272.61 $0.00 $366.08 $65,383.48
153 $65,383.48 $272.61 $0.00 $369.69 $66,025.78
154 $66,025.78 $272.61 $0.00 $373.32 $66,671.71
155 $66,671.71 $272.61 $0.00 $376.97 $67,321.29
156 $67,321.29 $272.61 $0.00 $380.64 $67,974.54
157 $67,974.54 $272.61 $0.00 $384.34 $68,631.49
158 $68,631.49 $272.61 $0.00 $388.05 $69,292.15
159 $69,292.15 $272.61 $0.00 $391.79 $69,956.55
160 $69,956.55 $272.61 $0.00 $395.54 $70,624.70
161 $70,624.70 $272.61 $0.00 $399.32 $71,296.63
162 $71,296.63 $272.61 $0.00 $403.12 $71,972.36
163 $71,972.36 $272.61 $0.00 $406.94 $72,651.91
164 $72,651.91 $272.61 $0.00 $410.78 $73,335.30
165 $73,335.30 $272.61 $0.00 $414.65 $74,022.56
166 $74,022.56 $272.61 $0.00 $418.53 $74,713.70
167 $74,713.70 $272.61 $0.00 $422.44 $75,408.75
168 $75,408.75 $272.61 $0.00 $426.37 $76,107.73
169 $76,107.73 $272.61 $0.00 $430.32 $76,810.66
170 $76,810.66 $272.61 $0.00 $434.30 $77,517.57
171 $77,517.57 $272.61 $0.00 $438.30 $78,228.48
172 $78,228.48 $272.61 $0.00 $442.32 $78,943.41
173 $78,943.41 $272.61 $0.00 $446.36 $79,662.38
174 $79,662.38 $272.61 $0.00 $450.42 $80,385.41
175 $80,385.41 $272.61 $0.00 $454.51 $81,112.53
176 $81,112.53 $272.61 $0.00 $458.62 $81,843.76
177 $81,843.76 $272.61 $0.00 $462.76 $82,579.13
178 $82,579.13 $272.61 $0.00 $466.91 $83,318.65
179 $83,318.65 $272.61 $0.00 $471.10 $84,062.36
180 $84,062.36 $272.61 $0.00 $475.30 $84,810.27
181 $84,810.27 $272.61 $0.00 $479.53 $85,562.41
182 $85,562.41 $272.61 $0.00 $483.78 $86,318.80
183 $86,318.80 $272.61 $0.00 $488.06 $87,079.47
184 $87,079.47 $272.61 $0.00 $492.36 $87,844.44
185 $87,844.44 $272.61 $0.00 $496.69 $88,613.74
186 $88,613.74 $272.61 $0.00 $501.03 $89,387.38
187 $89,387.38 $272.61 $0.00 $505.41 $90,165.40
188 $90,165.40 $272.61 $0.00 $509.81 $90,947.82
189 $90,947.82 $272.61 $0.00 $514.23 $91,734.66
190 $91,734.66 $272.61 $0.00 $518.68 $92,525.95
191 $92,525.95 $272.61 $0.00 $523.16 $93,321.72
192 $93,321.72 $272.61 $0.00 $527.65 $94,121.98
193 $94,121.98 $272.61 $0.00 $532.18 $94,926.77
194 $94,926.77 $272.61 $0.00 $536.73 $95,736.11
195 $95,736.11 $272.61 $0.00 $541.31 $96,550.03
196 $96,550.03 $272.61 $0.00 $545.91 $97,368.55
197 $97,368.55 $272.61 $0.00 $550.54 $98,191.70
198 $98,191.70 $272.61 $0.00 $555.19 $99,019.50
199 $99,019.50 $272.61 $0.00 $559.87 $99,851.98
200 $99,851.98 $272.61 $0.00 $564.58 $100,689.17
201 $100,689.17 $272.61 $0.00 $569.31 $101,531.09
202 $101,531.09 $272.61 $0.00 $574.07 $102,377.77
203 $102,377.77 $272.61 $0.00 $578.86 $103,229.24
204 $103,229.24 $272.61 $0.00 $583.67 $104,085.52
205 $104,085.52 $272.61 $0.00 $588.51 $104,946.64
206 $104,946.64 $272.61 $0.00 $593.38 $105,812.63
207 $105,812.63 $272.61 $0.00 $598.28 $106,683.52
208 $106,683.52 $272.61 $0.00 $603.20 $107,559.33
209 $107,559.33 $272.61 $0.00 $608.16 $108,440.10
210 $108,440.10 $272.61 $0.00 $613.14 $109,325.85
211 $109,325.85 $272.61 $0.00 $618.14 $110,216.60
212 $110,216.60 $272.61 $0.00 $623.18 $111,112.39
213 $111,112.39 $272.61 $0.00 $628.25 $112,013.25
214 $112,013.25 $272.61 $0.00 $633.34 $112,919.20
215 $112,919.20 $272.61 $0.00 $638.46 $113,830.27
216 $113,830.27 $272.61 $0.00 $643.61 $114,746.49
217 $114,746.49 $272.61 $59,284.01 $648.79 $56,383.88
218 $56,383.88 $272.61 $0.00 $318.80 $56,975.29
219 $56,975.29 $272.61 $0.00 $322.15 $57,570.05
220 $57,570.05 $272.61 $0.00 $325.51 $58,168.17
221 $58,168.17 $272.61 $0.00 $328.89 $58,769.67
222 $58,769.67 $272.61 $0.00 $332.29 $59,374.57
223 $59,374.57 $272.61 $0.00 $335.71 $59,982.89
224 $59,982.89 $272.61 $0.00 $339.15 $60,594.65
225 $60,594.65 $272.61 $0.00 $342.61 $61,209.87
226 $61,209.87 $272.61 $0.00 $346.09 $61,828.57
227 $61,828.57 $272.61 $0.00 $349.59 $62,450.77
228 $62,450.77 $272.61 $0.00 $353.11 $63,076.49
229 $63,076.49 $0.00 $63,433.89 $356.64 -$0.76