Savings Plan and Future Cost Estimation for Long Island University Brooklyn Campus

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$207,085
Monthly savings required$1,637

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 $828,340.19 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,636.64 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 Increase7%
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 $1,636.64 $0.00 $0.00 $1,636.64
2 $1,636.64 $1,636.64 $0.00 $9.25 $3,282.53
3 $3,282.53 $1,636.64 $0.00 $18.56 $4,937.73
4 $4,937.73 $1,636.64 $0.00 $27.92 $6,602.29
5 $6,602.29 $1,636.64 $0.00 $37.33 $8,276.26
6 $8,276.26 $1,636.64 $0.00 $46.80 $9,959.70
7 $9,959.70 $1,636.64 $0.00 $56.31 $11,652.65
8 $11,652.65 $1,636.64 $0.00 $65.89 $13,355.18
9 $13,355.18 $1,636.64 $0.00 $75.51 $15,067.33
10 $15,067.33 $1,636.64 $0.00 $85.19 $16,789.16
11 $16,789.16 $1,636.64 $0.00 $94.93 $18,520.73
12 $18,520.73 $1,636.64 $0.00 $104.72 $20,262.09
13 $20,262.09 $1,636.64 $0.00 $114.56 $22,013.29
14 $22,013.29 $1,636.64 $0.00 $124.47 $23,774.40
15 $23,774.40 $1,636.64 $0.00 $134.42 $25,545.46
16 $25,545.46 $1,636.64 $0.00 $144.44 $27,326.54
17 $27,326.54 $1,636.64 $0.00 $154.51 $29,117.69
18 $29,117.69 $1,636.64 $0.00 $164.64 $30,918.97
19 $30,918.97 $1,636.64 $0.00 $174.82 $32,730.43
20 $32,730.43 $1,636.64 $0.00 $185.06 $34,552.13
21 $34,552.13 $1,636.64 $0.00 $195.36 $36,384.13
22 $36,384.13 $1,636.64 $0.00 $205.72 $38,226.49
23 $38,226.49 $1,636.64 $0.00 $216.14 $40,079.27
24 $40,079.27 $1,636.64 $0.00 $226.61 $41,942.52
25 $41,942.52 $1,636.64 $0.00 $237.15 $43,816.31
26 $43,816.31 $1,636.64 $0.00 $247.74 $45,700.69
27 $45,700.69 $1,636.64 $0.00 $258.40 $47,595.73
28 $47,595.73 $1,636.64 $0.00 $269.11 $49,501.48
29 $49,501.48 $1,636.64 $0.00 $279.89 $51,418.01
30 $51,418.01 $1,636.64 $0.00 $290.72 $53,345.37
31 $53,345.37 $1,636.64 $0.00 $301.62 $55,283.63
32 $55,283.63 $1,636.64 $0.00 $312.58 $57,232.85
33 $57,232.85 $1,636.64 $0.00 $323.60 $59,193.09
34 $59,193.09 $1,636.64 $0.00 $334.69 $61,164.42
35 $61,164.42 $1,636.64 $0.00 $345.83 $63,146.89
36 $63,146.89 $1,636.64 $0.00 $357.04 $65,140.57
37 $65,140.57 $1,636.64 $0.00 $368.31 $67,145.52
38 $67,145.52 $1,636.64 $0.00 $379.65 $69,161.81
39 $69,161.81 $1,636.64 $0.00 $391.05 $71,189.50
40 $71,189.50 $1,636.64 $0.00 $402.52 $73,228.66
41 $73,228.66 $1,636.64 $0.00 $414.05 $75,279.35
42 $75,279.35 $1,636.64 $0.00 $425.64 $77,341.63
43 $77,341.63 $1,636.64 $0.00 $437.30 $79,415.57
44 $79,415.57 $1,636.64 $0.00 $449.03 $81,501.24
45 $81,501.24 $1,636.64 $0.00 $460.82 $83,598.70
46 $83,598.70 $1,636.64 $0.00 $472.68 $85,708.02
47 $85,708.02 $1,636.64 $0.00 $484.61 $87,829.27
48 $87,829.27 $1,636.64 $0.00 $496.60 $89,962.51
49 $89,962.51 $1,636.64 $0.00 $508.66 $92,107.81
50 $92,107.81 $1,636.64 $0.00 $520.79 $94,265.24
51 $94,265.24 $1,636.64 $0.00 $532.99 $96,434.87
52 $96,434.87 $1,636.64 $0.00 $545.26 $98,616.77
53 $98,616.77 $1,636.64 $0.00 $557.59 $100,811.00
54 $100,811.00 $1,636.64 $0.00 $570.00 $103,017.64
55 $103,017.64 $1,636.64 $0.00 $582.48 $105,236.76
56 $105,236.76 $1,636.64 $0.00 $595.02 $107,468.42
57 $107,468.42 $1,636.64 $0.00 $607.64 $109,712.70
58 $109,712.70 $1,636.64 $0.00 $620.33 $111,969.67
59 $111,969.67 $1,636.64 $0.00 $633.09 $114,239.40
60 $114,239.40 $1,636.64 $0.00 $645.93 $116,521.97
61 $116,521.97 $1,636.64 $0.00 $658.83 $118,817.44
62 $118,817.44 $1,636.64 $0.00 $671.81 $121,125.89
63 $121,125.89 $1,636.64 $0.00 $684.86 $123,447.39
64 $123,447.39 $1,636.64 $0.00 $697.99 $125,782.02
65 $125,782.02 $1,636.64 $0.00 $711.19 $128,129.85
66 $128,129.85 $1,636.64 $0.00 $724.46 $130,490.95
67 $130,490.95 $1,636.64 $0.00 $737.81 $132,865.40
68 $132,865.40 $1,636.64 $0.00 $751.24 $135,253.28
69 $135,253.28 $1,636.64 $0.00 $764.74 $137,654.66
70 $137,654.66 $1,636.64 $0.00 $778.32 $140,069.62
71 $140,069.62 $1,636.64 $0.00 $791.97 $142,498.23
72 $142,498.23 $1,636.64 $0.00 $805.71 $144,940.58
73 $144,940.58 $1,636.64 $0.00 $819.52 $147,396.74
74 $147,396.74 $1,636.64 $0.00 $833.40 $149,866.78
75 $149,866.78 $1,636.64 $0.00 $847.37 $152,350.79
76 $152,350.79 $1,636.64 $0.00 $861.41 $154,848.84
77 $154,848.84 $1,636.64 $0.00 $875.54 $157,361.02
78 $157,361.02 $1,636.64 $0.00 $889.74 $159,887.40
79 $159,887.40 $1,636.64 $0.00 $904.03 $162,428.07
80 $162,428.07 $1,636.64 $0.00 $918.39 $164,983.10
81 $164,983.10 $1,636.64 $0.00 $932.84 $167,552.58
82 $167,552.58 $1,636.64 $0.00 $947.37 $170,136.59
83 $170,136.59 $1,636.64 $0.00 $961.98 $172,735.21
84 $172,735.21 $1,636.64 $0.00 $976.67 $175,348.52
85 $175,348.52 $1,636.64 $0.00 $991.45 $177,976.61
86 $177,976.61 $1,636.64 $0.00 $1,006.31 $180,619.56
87 $180,619.56 $1,636.64 $0.00 $1,021.25 $183,277.45
88 $183,277.45 $1,636.64 $0.00 $1,036.28 $185,950.37
89 $185,950.37 $1,636.64 $0.00 $1,051.39 $188,638.40
90 $188,638.40 $1,636.64 $0.00 $1,066.59 $191,341.63
91 $191,341.63 $1,636.64 $0.00 $1,081.87 $194,060.14
92 $194,060.14 $1,636.64 $0.00 $1,097.24 $196,794.02
93 $196,794.02 $1,636.64 $0.00 $1,112.70 $199,543.36
94 $199,543.36 $1,636.64 $0.00 $1,128.25 $202,308.25
95 $202,308.25 $1,636.64 $0.00 $1,143.88 $205,088.77
96 $205,088.77 $1,636.64 $0.00 $1,159.60 $207,885.01
97 $207,885.01 $1,636.64 $0.00 $1,175.41 $210,697.06
98 $210,697.06 $1,636.64 $0.00 $1,191.31 $213,525.01
99 $213,525.01 $1,636.64 $0.00 $1,207.30 $216,368.95
100 $216,368.95 $1,636.64 $0.00 $1,223.38 $219,228.97
101 $219,228.97 $1,636.64 $0.00 $1,239.55 $222,105.16
102 $222,105.16 $1,636.64 $0.00 $1,255.81 $224,997.61
103 $224,997.61 $1,636.64 $0.00 $1,272.17 $227,906.42
104 $227,906.42 $1,636.64 $0.00 $1,288.62 $230,831.68
105 $230,831.68 $1,636.64 $0.00 $1,305.16 $233,773.48
106 $233,773.48 $1,636.64 $0.00 $1,321.79 $236,731.91
107 $236,731.91 $1,636.64 $0.00 $1,338.52 $239,707.07
108 $239,707.07 $1,636.64 $0.00 $1,355.34 $242,699.05
109 $242,699.05 $1,636.64 $0.00 $1,372.26 $245,707.95
110 $245,707.95 $1,636.64 $0.00 $1,389.27 $248,733.86
111 $248,733.86 $1,636.64 $0.00 $1,406.38 $251,776.88
112 $251,776.88 $1,636.64 $0.00 $1,423.58 $254,837.10
113 $254,837.10 $1,636.64 $0.00 $1,440.89 $257,914.63
114 $257,914.63 $1,636.64 $0.00 $1,458.29 $261,009.56
115 $261,009.56 $1,636.64 $0.00 $1,475.79 $264,121.99
116 $264,121.99 $1,636.64 $0.00 $1,493.38 $267,252.01
117 $267,252.01 $1,636.64 $0.00 $1,511.08 $270,399.73
118 $270,399.73 $1,636.64 $0.00 $1,528.88 $273,565.25
119 $273,565.25 $1,636.64 $0.00 $1,546.78 $276,748.67
120 $276,748.67 $1,636.64 $0.00 $1,564.78 $279,950.09
121 $279,950.09 $1,636.64 $0.00 $1,582.88 $283,169.61
122 $283,169.61 $1,636.64 $0.00 $1,601.08 $286,407.33
123 $286,407.33 $1,636.64 $0.00 $1,619.39 $289,663.36
124 $289,663.36 $1,636.64 $0.00 $1,637.80 $292,937.80
125 $292,937.80 $1,636.64 $0.00 $1,656.31 $296,230.75
126 $296,230.75 $1,636.64 $0.00 $1,674.93 $299,542.32
127 $299,542.32 $1,636.64 $0.00 $1,693.66 $302,872.62
128 $302,872.62 $1,636.64 $0.00 $1,712.49 $306,221.75
129 $306,221.75 $1,636.64 $0.00 $1,731.42 $309,589.81
130 $309,589.81 $1,636.64 $0.00 $1,750.47 $312,976.92
131 $312,976.92 $1,636.64 $0.00 $1,769.62 $316,383.18
132 $316,383.18 $1,636.64 $0.00 $1,788.88 $319,808.70
133 $319,808.70 $1,636.64 $0.00 $1,808.24 $323,253.58
134 $323,253.58 $1,636.64 $0.00 $1,827.72 $326,717.94
135 $326,717.94 $1,636.64 $0.00 $1,847.31 $330,201.89
136 $330,201.89 $1,636.64 $0.00 $1,867.01 $333,705.54
137 $333,705.54 $1,636.64 $0.00 $1,886.82 $337,229.00
138 $337,229.00 $1,636.64 $0.00 $1,906.74 $340,772.38
139 $340,772.38 $1,636.64 $0.00 $1,926.78 $344,335.80
140 $344,335.80 $1,636.64 $0.00 $1,946.92 $347,919.36
141 $347,919.36 $1,636.64 $0.00 $1,967.19 $351,523.19
142 $351,523.19 $1,636.64 $0.00 $1,987.56 $355,147.39
143 $355,147.39 $1,636.64 $0.00 $2,008.05 $358,792.08
144 $358,792.08 $1,636.64 $0.00 $2,028.66 $362,457.38
145 $362,457.38 $1,636.64 $0.00 $2,049.39 $366,143.41
146 $366,143.41 $1,636.64 $0.00 $2,070.23 $369,850.28
147 $369,850.28 $1,636.64 $0.00 $2,091.19 $373,578.11
148 $373,578.11 $1,636.64 $0.00 $2,112.26 $377,327.01
149 $377,327.01 $1,636.64 $0.00 $2,133.46 $381,097.11
150 $381,097.11 $1,636.64 $0.00 $2,154.78 $384,888.53
151 $384,888.53 $1,636.64 $0.00 $2,176.22 $388,701.39
152 $388,701.39 $1,636.64 $0.00 $2,197.77 $392,535.80
153 $392,535.80 $1,636.64 $0.00 $2,219.45 $396,391.89
154 $396,391.89 $1,636.64 $0.00 $2,241.26 $400,269.79
155 $400,269.79 $1,636.64 $0.00 $2,263.18 $404,169.61
156 $404,169.61 $1,636.64 $0.00 $2,285.23 $408,091.48
157 $408,091.48 $1,636.64 $0.00 $2,307.41 $412,035.53
158 $412,035.53 $1,636.64 $0.00 $2,329.71 $416,001.88
159 $416,001.88 $1,636.64 $0.00 $2,352.14 $419,990.66
160 $419,990.66 $1,636.64 $0.00 $2,374.69 $424,001.99
161 $424,001.99 $1,636.64 $0.00 $2,397.37 $428,036.00
162 $428,036.00 $1,636.64 $0.00 $2,420.18 $432,092.82
163 $432,092.82 $1,636.64 $0.00 $2,443.12 $436,172.58
164 $436,172.58 $1,636.64 $0.00 $2,466.18 $440,275.40
165 $440,275.40 $1,636.64 $0.00 $2,489.38 $444,401.42
166 $444,401.42 $1,636.64 $0.00 $2,512.71 $448,550.77
167 $448,550.77 $1,636.64 $0.00 $2,536.17 $452,723.58
168 $452,723.58 $1,636.64 $0.00 $2,559.76 $456,919.98
169 $456,919.98 $1,636.64 $0.00 $2,583.49 $461,140.11
170 $461,140.11 $1,636.64 $0.00 $2,607.35 $465,384.10
171 $465,384.10 $1,636.64 $0.00 $2,631.35 $469,652.09
172 $469,652.09 $1,636.64 $0.00 $2,655.48 $473,944.21
173 $473,944.21 $1,636.64 $0.00 $2,679.75 $478,260.60
174 $478,260.60 $1,636.64 $0.00 $2,704.15 $482,601.39
175 $482,601.39 $1,636.64 $0.00 $2,728.70 $486,966.73
176 $486,966.73 $1,636.64 $0.00 $2,753.38 $491,356.75
177 $491,356.75 $1,636.64 $0.00 $2,778.20 $495,771.59
178 $495,771.59 $1,636.64 $0.00 $2,803.16 $500,211.39
179 $500,211.39 $1,636.64 $0.00 $2,828.27 $504,676.30
180 $504,676.30 $1,636.64 $0.00 $2,853.51 $509,166.45
181 $509,166.45 $1,636.64 $0.00 $2,878.90 $513,681.99
182 $513,681.99 $1,636.64 $0.00 $2,904.43 $518,223.06
183 $518,223.06 $1,636.64 $0.00 $2,930.11 $522,789.81
184 $522,789.81 $1,636.64 $0.00 $2,955.93 $527,382.38
185 $527,382.38 $1,636.64 $0.00 $2,981.90 $532,000.92
186 $532,000.92 $1,636.64 $0.00 $3,008.01 $536,645.57
187 $536,645.57 $1,636.64 $0.00 $3,034.27 $541,316.48
188 $541,316.48 $1,636.64 $0.00 $3,060.68 $546,013.80
189 $546,013.80 $1,636.64 $0.00 $3,087.24 $550,737.68
190 $550,737.68 $1,636.64 $0.00 $3,113.95 $555,488.27
191 $555,488.27 $1,636.64 $0.00 $3,140.81 $560,265.72
192 $560,265.72 $1,636.64 $0.00 $3,167.82 $565,070.18
193 $565,070.18 $1,636.64 $0.00 $3,194.99 $569,901.81
194 $569,901.81 $1,636.64 $0.00 $3,222.31 $574,760.76
195 $574,760.76 $1,636.64 $0.00 $3,249.78 $579,647.18
196 $579,647.18 $1,636.64 $0.00 $3,277.41 $584,561.23
197 $584,561.23 $1,636.64 $0.00 $3,305.19 $589,503.06
198 $589,503.06 $1,636.64 $0.00 $3,333.14 $594,472.84
199 $594,472.84 $1,636.64 $0.00 $3,361.24 $599,470.72
200 $599,470.72 $1,636.64 $0.00 $3,389.49 $604,496.85
201 $604,496.85 $1,636.64 $0.00 $3,417.91 $609,551.40
202 $609,551.40 $1,636.64 $0.00 $3,446.49 $614,634.53
203 $614,634.53 $1,636.64 $0.00 $3,475.23 $619,746.40
204 $619,746.40 $1,636.64 $0.00 $3,504.14 $624,887.18
205 $624,887.18 $1,636.64 $0.00 $3,533.20 $630,057.02
206 $630,057.02 $1,636.64 $0.00 $3,562.43 $635,256.09
207 $635,256.09 $1,636.64 $0.00 $3,591.83 $640,484.56
208 $640,484.56 $1,636.64 $0.00 $3,621.39 $645,742.59
209 $645,742.59 $1,636.64 $0.00 $3,651.12 $651,030.35
210 $651,030.35 $1,636.64 $0.00 $3,681.02 $656,348.01
211 $656,348.01 $1,636.64 $0.00 $3,711.09 $661,695.74
212 $661,695.74 $1,636.64 $0.00 $3,741.32 $667,073.70
213 $667,073.70 $1,636.64 $0.00 $3,771.73 $672,482.07
214 $672,482.07 $1,636.64 $0.00 $3,802.31 $677,921.02
215 $677,921.02 $1,636.64 $0.00 $3,833.06 $683,390.72
216 $683,390.72 $1,636.64 $0.00 $3,863.99 $688,891.35
217 $688,891.35 $1,636.64 $186,565.50 $3,895.09 $507,857.58
218 $507,857.58 $1,636.64 $0.00 $2,871.50 $512,365.72
219 $512,365.72 $1,636.64 $0.00 $2,896.99 $516,899.35
220 $516,899.35 $1,636.64 $0.00 $2,922.62 $521,458.61
221 $521,458.61 $1,636.64 $0.00 $2,948.40 $526,043.65
222 $526,043.65 $1,636.64 $0.00 $2,974.33 $530,654.62
223 $530,654.62 $1,636.64 $0.00 $3,000.40 $535,291.66
224 $535,291.66 $1,636.64 $0.00 $3,026.62 $539,954.92
225 $539,954.92 $1,636.64 $0.00 $3,052.98 $544,644.54
226 $544,644.54 $1,636.64 $0.00 $3,079.50 $549,360.68
227 $549,360.68 $1,636.64 $0.00 $3,106.17 $554,103.49
228 $554,103.49 $1,636.64 $0.00 $3,132.98 $558,873.11
229 $558,873.11 $1,636.64 $199,625.09 $3,159.95 $364,044.61
230 $364,044.61 $1,636.64 $0.00 $2,058.36 $367,739.61
231 $367,739.61 $1,636.64 $0.00 $2,079.25 $371,455.50
232 $371,455.50 $1,636.64 $0.00 $2,100.26 $375,192.40
233 $375,192.40 $1,636.64 $0.00 $2,121.39 $378,950.43
234 $378,950.43 $1,636.64 $0.00 $2,142.64 $382,729.71
235 $382,729.71 $1,636.64 $0.00 $2,164.01 $386,530.36
236 $386,530.36 $1,636.64 $0.00 $2,185.50 $390,352.50
237 $390,352.50 $1,636.64 $0.00 $2,207.11 $394,196.25
238 $394,196.25 $1,636.64 $0.00 $2,228.84 $398,061.73
239 $398,061.73 $1,636.64 $0.00 $2,250.70 $401,949.07
240 $401,949.07 $1,636.64 $0.00 $2,272.68 $405,858.39
241 $405,858.39 $1,636.64 $213,598.84 $2,294.78 $196,190.97
242 $196,190.97 $1,636.64 $0.00 $1,109.29 $198,936.90
243 $198,936.90 $1,636.64 $0.00 $1,124.82 $201,698.36
244 $201,698.36 $1,636.64 $0.00 $1,140.43 $204,475.43
245 $204,475.43 $1,636.64 $0.00 $1,156.13 $207,268.20
246 $207,268.20 $1,636.64 $0.00 $1,171.92 $210,076.76
247 $210,076.76 $1,636.64 $0.00 $1,187.80 $212,901.20
248 $212,901.20 $1,636.64 $0.00 $1,203.77 $215,741.61
249 $215,741.61 $1,636.64 $0.00 $1,219.83 $218,598.08
250 $218,598.08 $1,636.64 $0.00 $1,235.99 $221,470.71
251 $221,470.71 $1,636.64 $0.00 $1,252.23 $224,359.58
252 $224,359.58 $1,636.64 $0.00 $1,268.56 $227,264.78
253 $227,264.78 $0.00 $228,550.76 $1,284.99 -$0.99