Savings Plan and Future Cost Estimation for Lee College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$58,162
Monthly savings required$258

How much will it cost to send your child to Lee College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $116,323.14 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $258.40 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$16,626.00
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 $258.40 $0.00 $0.00 $258.40
2 $258.40 $258.40 $0.00 $1.46 $518.26
3 $518.26 $258.40 $0.00 $2.93 $779.59
4 $779.59 $258.40 $0.00 $4.41 $1,042.40
5 $1,042.40 $258.40 $0.00 $5.89 $1,306.69
6 $1,306.69 $258.40 $0.00 $7.39 $1,572.48
7 $1,572.48 $258.40 $0.00 $8.89 $1,839.77
8 $1,839.77 $258.40 $0.00 $10.40 $2,108.57
9 $2,108.57 $258.40 $0.00 $11.92 $2,378.89
10 $2,378.89 $258.40 $0.00 $13.45 $2,650.74
11 $2,650.74 $258.40 $0.00 $14.99 $2,924.13
12 $2,924.13 $258.40 $0.00 $16.53 $3,199.06
13 $3,199.06 $258.40 $0.00 $18.09 $3,475.55
14 $3,475.55 $258.40 $0.00 $19.65 $3,753.60
15 $3,753.60 $258.40 $0.00 $21.22 $4,033.22
16 $4,033.22 $258.40 $0.00 $22.80 $4,314.42
17 $4,314.42 $258.40 $0.00 $24.39 $4,597.21
18 $4,597.21 $258.40 $0.00 $25.99 $4,881.60
19 $4,881.60 $258.40 $0.00 $27.60 $5,167.60
20 $5,167.60 $258.40 $0.00 $29.22 $5,455.22
21 $5,455.22 $258.40 $0.00 $30.84 $5,744.46
22 $5,744.46 $258.40 $0.00 $32.48 $6,035.34
23 $6,035.34 $258.40 $0.00 $34.12 $6,327.86
24 $6,327.86 $258.40 $0.00 $35.78 $6,622.04
25 $6,622.04 $258.40 $0.00 $37.44 $6,917.88
26 $6,917.88 $258.40 $0.00 $39.11 $7,215.39
27 $7,215.39 $258.40 $0.00 $40.80 $7,514.59
28 $7,514.59 $258.40 $0.00 $42.49 $7,815.48
29 $7,815.48 $258.40 $0.00 $44.19 $8,118.07
30 $8,118.07 $258.40 $0.00 $45.90 $8,422.37
31 $8,422.37 $258.40 $0.00 $47.62 $8,728.39
32 $8,728.39 $258.40 $0.00 $49.35 $9,036.14
33 $9,036.14 $258.40 $0.00 $51.09 $9,345.63
34 $9,345.63 $258.40 $0.00 $52.84 $9,656.87
35 $9,656.87 $258.40 $0.00 $54.60 $9,969.87
36 $9,969.87 $258.40 $0.00 $56.37 $10,284.64
37 $10,284.64 $258.40 $0.00 $58.15 $10,601.19
38 $10,601.19 $258.40 $0.00 $59.94 $10,919.53
39 $10,919.53 $258.40 $0.00 $61.74 $11,239.67
40 $11,239.67 $258.40 $0.00 $63.55 $11,561.62
41 $11,561.62 $258.40 $0.00 $65.37 $11,885.39
42 $11,885.39 $258.40 $0.00 $67.20 $12,210.99
43 $12,210.99 $258.40 $0.00 $69.04 $12,538.43
44 $12,538.43 $258.40 $0.00 $70.89 $12,867.72
45 $12,867.72 $258.40 $0.00 $72.76 $13,198.88
46 $13,198.88 $258.40 $0.00 $74.63 $13,531.91
47 $13,531.91 $258.40 $0.00 $76.51 $13,866.82
48 $13,866.82 $258.40 $0.00 $78.41 $14,203.63
49 $14,203.63 $258.40 $0.00 $80.31 $14,542.34
50 $14,542.34 $258.40 $0.00 $82.22 $14,882.96
51 $14,882.96 $258.40 $0.00 $84.15 $15,225.51
52 $15,225.51 $258.40 $0.00 $86.09 $15,570.00
53 $15,570.00 $258.40 $0.00 $88.04 $15,916.44
54 $15,916.44 $258.40 $0.00 $89.99 $16,264.83
55 $16,264.83 $258.40 $0.00 $91.96 $16,615.19
56 $16,615.19 $258.40 $0.00 $93.94 $16,967.53
57 $16,967.53 $258.40 $0.00 $95.94 $17,321.87
58 $17,321.87 $258.40 $0.00 $97.94 $17,678.21
59 $17,678.21 $258.40 $0.00 $99.96 $18,036.57
60 $18,036.57 $258.40 $0.00 $101.98 $18,396.95
61 $18,396.95 $258.40 $0.00 $104.02 $18,759.37
62 $18,759.37 $258.40 $0.00 $106.07 $19,123.84
63 $19,123.84 $258.40 $0.00 $108.13 $19,490.37
64 $19,490.37 $258.40 $0.00 $110.20 $19,858.97
65 $19,858.97 $258.40 $0.00 $112.29 $20,229.66
66 $20,229.66 $258.40 $0.00 $114.38 $20,602.44
67 $20,602.44 $258.40 $0.00 $116.49 $20,977.33
68 $20,977.33 $258.40 $0.00 $118.61 $21,354.34
69 $21,354.34 $258.40 $0.00 $120.74 $21,733.48
70 $21,733.48 $258.40 $0.00 $122.88 $22,114.76
71 $22,114.76 $258.40 $0.00 $125.04 $22,498.20
72 $22,498.20 $258.40 $0.00 $127.21 $22,883.81
73 $22,883.81 $258.40 $0.00 $129.39 $23,271.60
74 $23,271.60 $258.40 $0.00 $131.58 $23,661.58
75 $23,661.58 $258.40 $0.00 $133.79 $24,053.77
76 $24,053.77 $258.40 $0.00 $136.00 $24,448.17
77 $24,448.17 $258.40 $0.00 $138.23 $24,844.80
78 $24,844.80 $258.40 $0.00 $140.48 $25,243.68
79 $25,243.68 $258.40 $0.00 $142.73 $25,644.81
80 $25,644.81 $258.40 $0.00 $145.00 $26,048.21
81 $26,048.21 $258.40 $0.00 $147.28 $26,453.89
82 $26,453.89 $258.40 $0.00 $149.57 $26,861.86
83 $26,861.86 $258.40 $0.00 $151.88 $27,272.14
84 $27,272.14 $258.40 $0.00 $154.20 $27,684.74
85 $27,684.74 $258.40 $0.00 $156.53 $28,099.67
86 $28,099.67 $258.40 $0.00 $158.88 $28,516.95
87 $28,516.95 $258.40 $0.00 $161.24 $28,936.59
88 $28,936.59 $258.40 $0.00 $163.61 $29,358.60
89 $29,358.60 $258.40 $0.00 $166.00 $29,783.00
90 $29,783.00 $258.40 $0.00 $168.40 $30,209.80
91 $30,209.80 $258.40 $0.00 $170.81 $30,639.01
92 $30,639.01 $258.40 $0.00 $173.24 $31,070.65
93 $31,070.65 $258.40 $0.00 $175.68 $31,504.73
94 $31,504.73 $258.40 $0.00 $178.13 $31,941.26
95 $31,941.26 $258.40 $0.00 $180.60 $32,380.26
96 $32,380.26 $258.40 $0.00 $183.08 $32,821.74
97 $32,821.74 $258.40 $0.00 $185.58 $33,265.72
98 $33,265.72 $258.40 $0.00 $188.09 $33,712.21
99 $33,712.21 $258.40 $0.00 $190.61 $34,161.22
100 $34,161.22 $258.40 $0.00 $193.15 $34,612.77
101 $34,612.77 $258.40 $0.00 $195.71 $35,066.88
102 $35,066.88 $258.40 $0.00 $198.27 $35,523.55
103 $35,523.55 $258.40 $0.00 $200.86 $35,982.81
104 $35,982.81 $258.40 $0.00 $203.45 $36,444.66
105 $36,444.66 $258.40 $0.00 $206.06 $36,909.12
106 $36,909.12 $258.40 $0.00 $208.69 $37,376.21
107 $37,376.21 $258.40 $0.00 $211.33 $37,845.94
108 $37,845.94 $258.40 $0.00 $213.99 $38,318.33
109 $38,318.33 $258.40 $0.00 $216.66 $38,793.39
110 $38,793.39 $258.40 $0.00 $219.34 $39,271.13
111 $39,271.13 $258.40 $0.00 $222.04 $39,751.57
112 $39,751.57 $258.40 $0.00 $224.76 $40,234.73
113 $40,234.73 $258.40 $0.00 $227.49 $40,720.62
114 $40,720.62 $258.40 $0.00 $230.24 $41,209.26
115 $41,209.26 $258.40 $0.00 $233.00 $41,700.66
116 $41,700.66 $258.40 $0.00 $235.78 $42,194.84
117 $42,194.84 $258.40 $0.00 $238.58 $42,691.82
118 $42,691.82 $258.40 $0.00 $241.39 $43,191.61
119 $43,191.61 $258.40 $0.00 $244.21 $43,694.22
120 $43,694.22 $258.40 $0.00 $247.05 $44,199.67
121 $44,199.67 $258.40 $0.00 $249.91 $44,707.98
122 $44,707.98 $258.40 $0.00 $252.79 $45,219.17
123 $45,219.17 $258.40 $0.00 $255.68 $45,733.25
124 $45,733.25 $258.40 $0.00 $258.58 $46,250.23
125 $46,250.23 $258.40 $0.00 $261.51 $46,770.14
126 $46,770.14 $258.40 $0.00 $264.45 $47,292.99
127 $47,292.99 $258.40 $0.00 $267.40 $47,818.79
128 $47,818.79 $258.40 $0.00 $270.37 $48,347.56
129 $48,347.56 $258.40 $0.00 $273.36 $48,879.32
130 $48,879.32 $258.40 $0.00 $276.37 $49,414.09
131 $49,414.09 $258.40 $0.00 $279.39 $49,951.88
132 $49,951.88 $258.40 $0.00 $282.44 $50,492.72
133 $50,492.72 $258.40 $0.00 $285.49 $51,036.61
134 $51,036.61 $258.40 $0.00 $288.57 $51,583.58
135 $51,583.58 $258.40 $0.00 $291.66 $52,133.64
136 $52,133.64 $258.40 $0.00 $294.77 $52,686.81
137 $52,686.81 $258.40 $0.00 $297.90 $53,243.11
138 $53,243.11 $258.40 $0.00 $301.04 $53,802.55
139 $53,802.55 $258.40 $0.00 $304.21 $54,365.16
140 $54,365.16 $258.40 $0.00 $307.39 $54,930.95
141 $54,930.95 $258.40 $0.00 $310.59 $55,499.94
142 $55,499.94 $258.40 $0.00 $313.80 $56,072.14
143 $56,072.14 $258.40 $0.00 $317.04 $56,647.58
144 $56,647.58 $258.40 $0.00 $320.29 $57,226.27
145 $57,226.27 $258.40 $0.00 $323.57 $57,808.24
146 $57,808.24 $258.40 $0.00 $326.86 $58,393.50
147 $58,393.50 $258.40 $0.00 $330.17 $58,982.07
148 $58,982.07 $258.40 $0.00 $333.49 $59,573.96
149 $59,573.96 $258.40 $0.00 $336.84 $60,169.20
150 $60,169.20 $258.40 $0.00 $340.21 $60,767.81
151 $60,767.81 $258.40 $0.00 $343.59 $61,369.80
152 $61,369.80 $258.40 $0.00 $346.99 $61,975.19
153 $61,975.19 $258.40 $0.00 $350.42 $62,584.01
154 $62,584.01 $258.40 $0.00 $353.86 $63,196.27
155 $63,196.27 $258.40 $0.00 $357.32 $63,811.99
156 $63,811.99 $258.40 $0.00 $360.80 $64,431.19
157 $64,431.19 $258.40 $0.00 $364.30 $65,053.89
158 $65,053.89 $258.40 $0.00 $367.82 $65,680.11
159 $65,680.11 $258.40 $0.00 $371.36 $66,309.87
160 $66,309.87 $258.40 $0.00 $374.93 $66,943.20
161 $66,943.20 $258.40 $0.00 $378.51 $67,580.11
162 $67,580.11 $258.40 $0.00 $382.11 $68,220.62
163 $68,220.62 $258.40 $0.00 $385.73 $68,864.75
164 $68,864.75 $258.40 $0.00 $389.37 $69,512.52
165 $69,512.52 $258.40 $0.00 $393.03 $70,163.95
166 $70,163.95 $258.40 $0.00 $396.72 $70,819.07
167 $70,819.07 $258.40 $0.00 $400.42 $71,477.89
168 $71,477.89 $258.40 $0.00 $404.15 $72,140.44
169 $72,140.44 $258.40 $0.00 $407.89 $72,806.73
170 $72,806.73 $258.40 $0.00 $411.66 $73,476.79
171 $73,476.79 $258.40 $0.00 $415.45 $74,150.64
172 $74,150.64 $258.40 $0.00 $419.26 $74,828.30
173 $74,828.30 $258.40 $0.00 $423.09 $75,509.79
174 $75,509.79 $258.40 $0.00 $426.94 $76,195.13
175 $76,195.13 $258.40 $0.00 $430.82 $76,884.35
176 $76,884.35 $258.40 $0.00 $434.72 $77,577.47
177 $77,577.47 $258.40 $0.00 $438.63 $78,274.50
178 $78,274.50 $258.40 $0.00 $442.58 $78,975.48
179 $78,975.48 $258.40 $0.00 $446.54 $79,680.42
180 $79,680.42 $258.40 $0.00 $450.52 $80,389.34
181 $80,389.34 $258.40 $0.00 $454.53 $81,102.27
182 $81,102.27 $258.40 $0.00 $458.56 $81,819.23
183 $81,819.23 $258.40 $0.00 $462.62 $82,540.25
184 $82,540.25 $258.40 $0.00 $466.69 $83,265.34
185 $83,265.34 $258.40 $0.00 $470.79 $83,994.53
186 $83,994.53 $258.40 $0.00 $474.92 $84,727.85
187 $84,727.85 $258.40 $0.00 $479.06 $85,465.31
188 $85,465.31 $258.40 $0.00 $483.23 $86,206.94
189 $86,206.94 $258.40 $0.00 $487.43 $86,952.77
190 $86,952.77 $258.40 $0.00 $491.64 $87,702.81
191 $87,702.81 $258.40 $0.00 $495.88 $88,457.09
192 $88,457.09 $258.40 $0.00 $500.15 $89,215.64
193 $89,215.64 $258.40 $0.00 $504.44 $89,978.48
194 $89,978.48 $258.40 $0.00 $508.75 $90,745.63
195 $90,745.63 $258.40 $0.00 $513.09 $91,517.12
196 $91,517.12 $258.40 $0.00 $517.45 $92,292.97
197 $92,292.97 $258.40 $0.00 $521.84 $93,073.21
198 $93,073.21 $258.40 $0.00 $526.25 $93,857.86
199 $93,857.86 $258.40 $0.00 $530.69 $94,646.95
200 $94,646.95 $258.40 $0.00 $535.15 $95,440.50
201 $95,440.50 $258.40 $0.00 $539.63 $96,238.53
202 $96,238.53 $258.40 $0.00 $544.15 $97,041.08
203 $97,041.08 $258.40 $0.00 $548.68 $97,848.16
204 $97,848.16 $258.40 $0.00 $553.25 $98,659.81
205 $98,659.81 $258.40 $0.00 $557.84 $99,476.05
206 $99,476.05 $258.40 $0.00 $562.45 $100,296.90
207 $100,296.90 $258.40 $0.00 $567.09 $101,122.39
208 $101,122.39 $258.40 $0.00 $571.76 $101,952.55
209 $101,952.55 $258.40 $0.00 $576.45 $102,787.40
210 $102,787.40 $258.40 $0.00 $581.17 $103,626.97
211 $103,626.97 $258.40 $0.00 $585.92 $104,471.29
212 $104,471.29 $258.40 $0.00 $590.70 $105,320.39
213 $105,320.39 $258.40 $0.00 $595.50 $106,174.29
214 $106,174.29 $258.40 $0.00 $600.32 $107,033.01
215 $107,033.01 $258.40 $0.00 $605.18 $107,896.59
216 $107,896.59 $258.40 $0.00 $610.06 $108,765.05
217 $108,765.05 $258.40 $56,194.75 $614.97 $53,443.67
218 $53,443.67 $258.40 $0.00 $302.18 $54,004.25
219 $54,004.25 $258.40 $0.00 $305.35 $54,568.00
220 $54,568.00 $258.40 $0.00 $308.54 $55,134.94
221 $55,134.94 $258.40 $0.00 $311.74 $55,705.08
222 $55,705.08 $258.40 $0.00 $314.96 $56,278.44
223 $56,278.44 $258.40 $0.00 $318.21 $56,855.05
224 $56,855.05 $258.40 $0.00 $321.47 $57,434.92
225 $57,434.92 $258.40 $0.00 $324.75 $58,018.07
226 $58,018.07 $258.40 $0.00 $328.04 $58,604.51
227 $58,604.51 $258.40 $0.00 $331.36 $59,194.27
228 $59,194.27 $258.40 $0.00 $334.69 $59,787.36
229 $59,787.36 $0.00 $60,128.39 $338.05 -$2.98