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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$143,140
Monthly savings required$1,133

How much will it cost to send your child to Long Island University Brooklyn Campus in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $572,559.46 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,133.07 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$55,198.00
Years until enrollment18
Annual Tuition Increase5%
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 $1,133.07 $0.00 $0.00 $1,133.07
2 $1,133.07 $1,133.07 $0.00 $6.41 $2,272.55
3 $2,272.55 $1,133.07 $0.00 $12.85 $3,418.47
4 $3,418.47 $1,133.07 $0.00 $19.33 $4,570.87
5 $4,570.87 $1,133.07 $0.00 $25.84 $5,729.78
6 $5,729.78 $1,133.07 $0.00 $32.40 $6,895.25
7 $6,895.25 $1,133.07 $0.00 $38.99 $8,067.31
8 $8,067.31 $1,133.07 $0.00 $45.61 $9,245.99
9 $9,245.99 $1,133.07 $0.00 $52.28 $10,431.34
10 $10,431.34 $1,133.07 $0.00 $58.98 $11,623.39
11 $11,623.39 $1,133.07 $0.00 $65.72 $12,822.18
12 $12,822.18 $1,133.07 $0.00 $72.50 $14,027.75
13 $14,027.75 $1,133.07 $0.00 $79.31 $15,240.13
14 $15,240.13 $1,133.07 $0.00 $86.17 $16,459.37
15 $16,459.37 $1,133.07 $0.00 $93.06 $17,685.50
16 $17,685.50 $1,133.07 $0.00 $100.00 $18,918.57
17 $18,918.57 $1,133.07 $0.00 $106.97 $20,158.61
18 $20,158.61 $1,133.07 $0.00 $113.98 $21,405.66
19 $21,405.66 $1,133.07 $0.00 $121.03 $22,659.76
20 $22,659.76 $1,133.07 $0.00 $128.12 $23,920.95
21 $23,920.95 $1,133.07 $0.00 $135.25 $25,189.27
22 $25,189.27 $1,133.07 $0.00 $142.42 $26,464.76
23 $26,464.76 $1,133.07 $0.00 $149.64 $27,747.47
24 $27,747.47 $1,133.07 $0.00 $156.89 $29,037.43
25 $29,037.43 $1,133.07 $0.00 $164.18 $30,334.68
26 $30,334.68 $1,133.07 $0.00 $171.52 $31,639.27
27 $31,639.27 $1,133.07 $0.00 $178.89 $32,951.23
28 $32,951.23 $1,133.07 $0.00 $186.31 $34,270.61
29 $34,270.61 $1,133.07 $0.00 $193.77 $35,597.45
30 $35,597.45 $1,133.07 $0.00 $201.27 $36,931.79
31 $36,931.79 $1,133.07 $0.00 $208.82 $38,273.68
32 $38,273.68 $1,133.07 $0.00 $216.40 $39,623.15
33 $39,623.15 $1,133.07 $0.00 $224.04 $40,980.26
34 $40,980.26 $1,133.07 $0.00 $231.71 $42,345.04
35 $42,345.04 $1,133.07 $0.00 $239.43 $43,717.54
36 $43,717.54 $1,133.07 $0.00 $247.19 $45,097.80
37 $45,097.80 $1,133.07 $0.00 $254.99 $46,485.86
38 $46,485.86 $1,133.07 $0.00 $262.84 $47,881.77
39 $47,881.77 $1,133.07 $0.00 $270.73 $49,285.57
40 $49,285.57 $1,133.07 $0.00 $278.67 $50,697.31
41 $50,697.31 $1,133.07 $0.00 $286.65 $52,117.03
42 $52,117.03 $1,133.07 $0.00 $294.68 $53,544.78
43 $53,544.78 $1,133.07 $0.00 $302.75 $54,980.60
44 $54,980.60 $1,133.07 $0.00 $310.87 $56,424.54
45 $56,424.54 $1,133.07 $0.00 $319.03 $57,876.64
46 $57,876.64 $1,133.07 $0.00 $327.24 $59,336.95
47 $59,336.95 $1,133.07 $0.00 $335.50 $60,805.52
48 $60,805.52 $1,133.07 $0.00 $343.80 $62,282.39
49 $62,282.39 $1,133.07 $0.00 $352.15 $63,767.61
50 $63,767.61 $1,133.07 $0.00 $360.55 $65,261.23
51 $65,261.23 $1,133.07 $0.00 $369.00 $66,763.30
52 $66,763.30 $1,133.07 $0.00 $377.49 $68,273.86
53 $68,273.86 $1,133.07 $0.00 $386.03 $69,792.96
54 $69,792.96 $1,133.07 $0.00 $394.62 $71,320.65
55 $71,320.65 $1,133.07 $0.00 $403.26 $72,856.98
56 $72,856.98 $1,133.07 $0.00 $411.94 $74,401.99
57 $74,401.99 $1,133.07 $0.00 $420.68 $75,955.74
58 $75,955.74 $1,133.07 $0.00 $429.46 $77,518.27
59 $77,518.27 $1,133.07 $0.00 $438.30 $79,089.64
60 $79,089.64 $1,133.07 $0.00 $447.18 $80,669.89
61 $80,669.89 $1,133.07 $0.00 $456.12 $82,259.08
62 $82,259.08 $1,133.07 $0.00 $465.10 $83,857.25
63 $83,857.25 $1,133.07 $0.00 $474.14 $85,464.46
64 $85,464.46 $1,133.07 $0.00 $483.23 $87,080.76
65 $87,080.76 $1,133.07 $0.00 $492.37 $88,706.20
66 $88,706.20 $1,133.07 $0.00 $501.56 $90,340.83
67 $90,340.83 $1,133.07 $0.00 $510.80 $91,984.70
68 $91,984.70 $1,133.07 $0.00 $520.09 $93,637.86
69 $93,637.86 $1,133.07 $0.00 $529.44 $95,300.37
70 $95,300.37 $1,133.07 $0.00 $538.84 $96,972.28
71 $96,972.28 $1,133.07 $0.00 $548.30 $98,653.65
72 $98,653.65 $1,133.07 $0.00 $557.80 $100,344.52
73 $100,344.52 $1,133.07 $0.00 $567.36 $102,044.95
74 $102,044.95 $1,133.07 $0.00 $576.98 $103,755.00
75 $103,755.00 $1,133.07 $0.00 $586.65 $105,474.72
76 $105,474.72 $1,133.07 $0.00 $596.37 $107,204.16
77 $107,204.16 $1,133.07 $0.00 $606.15 $108,943.38
78 $108,943.38 $1,133.07 $0.00 $615.98 $110,692.43
79 $110,692.43 $1,133.07 $0.00 $625.87 $112,451.37
80 $112,451.37 $1,133.07 $0.00 $635.82 $114,220.26
81 $114,220.26 $1,133.07 $0.00 $645.82 $115,999.15
82 $115,999.15 $1,133.07 $0.00 $655.88 $117,788.10
83 $117,788.10 $1,133.07 $0.00 $665.99 $119,587.16
84 $119,587.16 $1,133.07 $0.00 $676.16 $121,396.39
85 $121,396.39 $1,133.07 $0.00 $686.39 $123,215.85
86 $123,215.85 $1,133.07 $0.00 $696.68 $125,045.60
87 $125,045.60 $1,133.07 $0.00 $707.03 $126,885.70
88 $126,885.70 $1,133.07 $0.00 $717.43 $128,736.20
89 $128,736.20 $1,133.07 $0.00 $727.89 $130,597.16
90 $130,597.16 $1,133.07 $0.00 $738.42 $132,468.65
91 $132,468.65 $1,133.07 $0.00 $749.00 $134,350.72
92 $134,350.72 $1,133.07 $0.00 $759.64 $136,243.43
93 $136,243.43 $1,133.07 $0.00 $770.34 $138,146.84
94 $138,146.84 $1,133.07 $0.00 $781.10 $140,061.01
95 $140,061.01 $1,133.07 $0.00 $791.93 $141,986.01
96 $141,986.01 $1,133.07 $0.00 $802.81 $143,921.89
97 $143,921.89 $1,133.07 $0.00 $813.76 $145,868.72
98 $145,868.72 $1,133.07 $0.00 $824.76 $147,826.55
99 $147,826.55 $1,133.07 $0.00 $835.83 $149,795.45
100 $149,795.45 $1,133.07 $0.00 $846.97 $151,775.49
101 $151,775.49 $1,133.07 $0.00 $858.16 $153,766.72
102 $153,766.72 $1,133.07 $0.00 $869.42 $155,769.21
103 $155,769.21 $1,133.07 $0.00 $880.74 $157,783.02
104 $157,783.02 $1,133.07 $0.00 $892.13 $159,808.22
105 $159,808.22 $1,133.07 $0.00 $903.58 $161,844.87
106 $161,844.87 $1,133.07 $0.00 $915.09 $163,893.03
107 $163,893.03 $1,133.07 $0.00 $926.68 $165,952.78
108 $165,952.78 $1,133.07 $0.00 $938.32 $168,024.17
109 $168,024.17 $1,133.07 $0.00 $950.03 $170,107.27
110 $170,107.27 $1,133.07 $0.00 $961.81 $172,202.15
111 $172,202.15 $1,133.07 $0.00 $973.66 $174,308.88
112 $174,308.88 $1,133.07 $0.00 $985.57 $176,427.52
113 $176,427.52 $1,133.07 $0.00 $997.55 $178,558.14
114 $178,558.14 $1,133.07 $0.00 $1,009.59 $180,700.80
115 $180,700.80 $1,133.07 $0.00 $1,021.71 $182,855.58
116 $182,855.58 $1,133.07 $0.00 $1,033.89 $185,022.54
117 $185,022.54 $1,133.07 $0.00 $1,046.14 $187,201.75
118 $187,201.75 $1,133.07 $0.00 $1,058.47 $189,393.29
119 $189,393.29 $1,133.07 $0.00 $1,070.86 $191,597.22
120 $191,597.22 $1,133.07 $0.00 $1,083.32 $193,813.61
121 $193,813.61 $1,133.07 $0.00 $1,095.85 $196,042.53
122 $196,042.53 $1,133.07 $0.00 $1,108.45 $198,284.05
123 $198,284.05 $1,133.07 $0.00 $1,121.13 $200,538.25
124 $200,538.25 $1,133.07 $0.00 $1,133.87 $202,805.19
125 $202,805.19 $1,133.07 $0.00 $1,146.69 $205,084.95
126 $205,084.95 $1,133.07 $0.00 $1,159.58 $207,377.60
127 $207,377.60 $1,133.07 $0.00 $1,172.54 $209,683.21
128 $209,683.21 $1,133.07 $0.00 $1,185.58 $212,001.86
129 $212,001.86 $1,133.07 $0.00 $1,198.69 $214,333.62
130 $214,333.62 $1,133.07 $0.00 $1,211.87 $216,678.56
131 $216,678.56 $1,133.07 $0.00 $1,225.13 $219,036.76
132 $219,036.76 $1,133.07 $0.00 $1,238.47 $221,408.30
133 $221,408.30 $1,133.07 $0.00 $1,251.87 $223,793.24
134 $223,793.24 $1,133.07 $0.00 $1,265.36 $226,191.67
135 $226,191.67 $1,133.07 $0.00 $1,278.92 $228,603.66
136 $228,603.66 $1,133.07 $0.00 $1,292.56 $231,029.29
137 $231,029.29 $1,133.07 $0.00 $1,306.27 $233,468.63
138 $233,468.63 $1,133.07 $0.00 $1,320.07 $235,921.77
139 $235,921.77 $1,133.07 $0.00 $1,333.94 $238,388.78
140 $238,388.78 $1,133.07 $0.00 $1,347.88 $240,869.73
141 $240,869.73 $1,133.07 $0.00 $1,361.91 $243,364.71
142 $243,364.71 $1,133.07 $0.00 $1,376.02 $245,873.80
143 $245,873.80 $1,133.07 $0.00 $1,390.21 $248,397.08
144 $248,397.08 $1,133.07 $0.00 $1,404.47 $250,934.62
145 $250,934.62 $1,133.07 $0.00 $1,418.82 $253,486.51
146 $253,486.51 $1,133.07 $0.00 $1,433.25 $256,052.83
147 $256,052.83 $1,133.07 $0.00 $1,447.76 $258,633.66
148 $258,633.66 $1,133.07 $0.00 $1,462.35 $261,229.08
149 $261,229.08 $1,133.07 $0.00 $1,477.03 $263,839.18
150 $263,839.18 $1,133.07 $0.00 $1,491.79 $266,464.04
151 $266,464.04 $1,133.07 $0.00 $1,506.63 $269,103.74
152 $269,103.74 $1,133.07 $0.00 $1,521.55 $271,758.36
153 $271,758.36 $1,133.07 $0.00 $1,536.56 $274,427.99
154 $274,427.99 $1,133.07 $0.00 $1,551.66 $277,112.72
155 $277,112.72 $1,133.07 $0.00 $1,566.84 $279,812.63
156 $279,812.63 $1,133.07 $0.00 $1,582.10 $282,527.80
157 $282,527.80 $1,133.07 $0.00 $1,597.45 $285,258.32
158 $285,258.32 $1,133.07 $0.00 $1,612.89 $288,004.28
159 $288,004.28 $1,133.07 $0.00 $1,628.42 $290,765.77
160 $290,765.77 $1,133.07 $0.00 $1,644.03 $293,542.87
161 $293,542.87 $1,133.07 $0.00 $1,659.73 $296,335.67
162 $296,335.67 $1,133.07 $0.00 $1,675.52 $299,144.26
163 $299,144.26 $1,133.07 $0.00 $1,691.41 $301,968.74
164 $301,968.74 $1,133.07 $0.00 $1,707.38 $304,809.19
165 $304,809.19 $1,133.07 $0.00 $1,723.44 $307,665.70
166 $307,665.70 $1,133.07 $0.00 $1,739.59 $310,538.36
167 $310,538.36 $1,133.07 $0.00 $1,755.83 $313,427.26
168 $313,427.26 $1,133.07 $0.00 $1,772.16 $316,332.49
169 $316,332.49 $1,133.07 $0.00 $1,788.59 $319,254.15
170 $319,254.15 $1,133.07 $0.00 $1,805.11 $322,192.33
171 $322,192.33 $1,133.07 $0.00 $1,821.72 $325,147.12
172 $325,147.12 $1,133.07 $0.00 $1,838.43 $328,118.62
173 $328,118.62 $1,133.07 $0.00 $1,855.23 $331,106.92
174 $331,106.92 $1,133.07 $0.00 $1,872.13 $334,112.12
175 $334,112.12 $1,133.07 $0.00 $1,889.12 $337,134.31
176 $337,134.31 $1,133.07 $0.00 $1,906.21 $340,173.59
177 $340,173.59 $1,133.07 $0.00 $1,923.39 $343,230.05
178 $343,230.05 $1,133.07 $0.00 $1,940.67 $346,303.79
179 $346,303.79 $1,133.07 $0.00 $1,958.05 $349,394.91
180 $349,394.91 $1,133.07 $0.00 $1,975.53 $352,503.51
181 $352,503.51 $1,133.07 $0.00 $1,993.11 $355,629.69
182 $355,629.69 $1,133.07 $0.00 $2,010.78 $358,773.54
183 $358,773.54 $1,133.07 $0.00 $2,028.56 $361,935.17
184 $361,935.17 $1,133.07 $0.00 $2,046.43 $365,114.67
185 $365,114.67 $1,133.07 $0.00 $2,064.41 $368,312.15
186 $368,312.15 $1,133.07 $0.00 $2,082.49 $371,527.71
187 $371,527.71 $1,133.07 $0.00 $2,100.67 $374,761.45
188 $374,761.45 $1,133.07 $0.00 $2,118.96 $378,013.48
189 $378,013.48 $1,133.07 $0.00 $2,137.34 $381,283.89
190 $381,283.89 $1,133.07 $0.00 $2,155.83 $384,572.79
191 $384,572.79 $1,133.07 $0.00 $2,174.43 $387,880.29
192 $387,880.29 $1,133.07 $0.00 $2,193.13 $391,206.49
193 $391,206.49 $1,133.07 $0.00 $2,211.94 $394,551.50
194 $394,551.50 $1,133.07 $0.00 $2,230.85 $397,915.42
195 $397,915.42 $1,133.07 $0.00 $2,249.87 $401,298.36
196 $401,298.36 $1,133.07 $0.00 $2,269.00 $404,700.43
197 $404,700.43 $1,133.07 $0.00 $2,288.24 $408,121.74
198 $408,121.74 $1,133.07 $0.00 $2,307.58 $411,562.39
199 $411,562.39 $1,133.07 $0.00 $2,327.03 $415,022.49
200 $415,022.49 $1,133.07 $0.00 $2,346.60 $418,502.16
201 $418,502.16 $1,133.07 $0.00 $2,366.27 $422,001.50
202 $422,001.50 $1,133.07 $0.00 $2,386.06 $425,520.63
203 $425,520.63 $1,133.07 $0.00 $2,405.96 $429,059.66
204 $429,059.66 $1,133.07 $0.00 $2,425.97 $432,618.70
205 $432,618.70 $1,133.07 $0.00 $2,446.09 $436,197.86
206 $436,197.86 $1,133.07 $0.00 $2,466.33 $439,797.26
207 $439,797.26 $1,133.07 $0.00 $2,486.68 $443,417.01
208 $443,417.01 $1,133.07 $0.00 $2,507.14 $447,057.22
209 $447,057.22 $1,133.07 $0.00 $2,527.73 $450,718.02
210 $450,718.02 $1,133.07 $0.00 $2,548.43 $454,399.52
211 $454,399.52 $1,133.07 $0.00 $2,569.24 $458,101.83
212 $458,101.83 $1,133.07 $0.00 $2,590.17 $461,825.07
213 $461,825.07 $1,133.07 $0.00 $2,611.23 $465,569.37
214 $465,569.37 $1,133.07 $0.00 $2,632.40 $469,334.84
215 $469,334.84 $1,133.07 $0.00 $2,653.69 $473,121.60
216 $473,121.60 $1,133.07 $0.00 $2,675.10 $476,929.77
217 $476,929.77 $1,133.07 $132,840.57 $2,696.63 $347,918.90
218 $347,918.90 $1,133.07 $0.00 $1,967.18 $351,019.15
219 $351,019.15 $1,133.07 $0.00 $1,984.71 $354,136.93
220 $354,136.93 $1,133.07 $0.00 $2,002.34 $357,272.34
221 $357,272.34 $1,133.07 $0.00 $2,020.07 $360,425.48
222 $360,425.48 $1,133.07 $0.00 $2,037.90 $363,596.45
223 $363,596.45 $1,133.07 $0.00 $2,055.83 $366,785.35
224 $366,785.35 $1,133.07 $0.00 $2,073.86 $369,992.28
225 $369,992.28 $1,133.07 $0.00 $2,091.99 $373,217.34
226 $373,217.34 $1,133.07 $0.00 $2,110.23 $376,460.64
227 $376,460.64 $1,133.07 $0.00 $2,128.56 $379,722.27
228 $379,722.27 $1,133.07 $0.00 $2,147.00 $383,002.34
229 $383,002.34 $1,133.07 $139,482.60 $2,165.55 $246,818.36
230 $246,818.36 $1,133.07 $0.00 $1,395.55 $249,346.98
231 $249,346.98 $1,133.07 $0.00 $1,409.84 $251,889.89
232 $251,889.89 $1,133.07 $0.00 $1,424.22 $254,447.18
233 $254,447.18 $1,133.07 $0.00 $1,438.68 $257,018.93
234 $257,018.93 $1,133.07 $0.00 $1,453.22 $259,605.22
235 $259,605.22 $1,133.07 $0.00 $1,467.85 $262,206.14
236 $262,206.14 $1,133.07 $0.00 $1,482.55 $264,821.76
237 $264,821.76 $1,133.07 $0.00 $1,497.34 $267,452.17
238 $267,452.17 $1,133.07 $0.00 $1,512.21 $270,097.45
239 $270,097.45 $1,133.07 $0.00 $1,527.17 $272,757.69
240 $272,757.69 $1,133.07 $0.00 $1,542.21 $275,432.97
241 $275,432.97 $1,133.07 $146,456.73 $1,557.34 $131,666.65
242 $131,666.65 $1,133.07 $0.00 $744.46 $133,544.18
243 $133,544.18 $1,133.07 $0.00 $755.08 $135,432.33
244 $135,432.33 $1,133.07 $0.00 $765.75 $137,331.15
245 $137,331.15 $1,133.07 $0.00 $776.49 $139,240.71
246 $139,240.71 $1,133.07 $0.00 $787.29 $141,161.07
247 $141,161.07 $1,133.07 $0.00 $798.15 $143,092.29
248 $143,092.29 $1,133.07 $0.00 $809.06 $145,034.42
249 $145,034.42 $1,133.07 $0.00 $820.05 $146,987.54
250 $146,987.54 $1,133.07 $0.00 $831.09 $148,951.70
251 $148,951.70 $1,133.07 $0.00 $842.19 $150,926.96
252 $150,926.96 $1,133.07 $0.00 $853.36 $152,913.39
253 $152,913.39 $0.00 $153,779.56 $864.59 ($1.58)