Savings Plan and Future Cost Estimation for Lamar Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$47,283
Monthly savings required$210

How much will it cost to send your child to Lamar Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $94,566.66 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $210.14 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$19,168.00
Years until enrollment18
Annual Tuition Increase5%
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 $210.14 $0.00 $0.00 $210.14
2 $210.14 $210.14 $0.00 $1.19 $421.47
3 $421.47 $210.14 $0.00 $2.38 $633.99
4 $633.99 $210.14 $0.00 $3.58 $847.71
5 $847.71 $210.14 $0.00 $4.79 $1,062.64
6 $1,062.64 $210.14 $0.00 $6.01 $1,278.79
7 $1,278.79 $210.14 $0.00 $7.23 $1,496.16
8 $1,496.16 $210.14 $0.00 $8.46 $1,714.76
9 $1,714.76 $210.14 $0.00 $9.70 $1,934.60
10 $1,934.60 $210.14 $0.00 $10.94 $2,155.68
11 $2,155.68 $210.14 $0.00 $12.19 $2,378.01
12 $2,378.01 $210.14 $0.00 $13.45 $2,601.60
13 $2,601.60 $210.14 $0.00 $14.71 $2,826.45
14 $2,826.45 $210.14 $0.00 $15.98 $3,052.57
15 $3,052.57 $210.14 $0.00 $17.26 $3,279.97
16 $3,279.97 $210.14 $0.00 $18.55 $3,508.66
17 $3,508.66 $210.14 $0.00 $19.84 $3,738.64
18 $3,738.64 $210.14 $0.00 $21.14 $3,969.92
19 $3,969.92 $210.14 $0.00 $22.45 $4,202.51
20 $4,202.51 $210.14 $0.00 $23.76 $4,436.41
21 $4,436.41 $210.14 $0.00 $25.08 $4,671.63
22 $4,671.63 $210.14 $0.00 $26.41 $4,908.18
23 $4,908.18 $210.14 $0.00 $27.75 $5,146.07
24 $5,146.07 $210.14 $0.00 $29.10 $5,385.31
25 $5,385.31 $210.14 $0.00 $30.45 $5,625.90
26 $5,625.90 $210.14 $0.00 $31.81 $5,867.85
27 $5,867.85 $210.14 $0.00 $33.18 $6,111.17
28 $6,111.17 $210.14 $0.00 $34.55 $6,355.86
29 $6,355.86 $210.14 $0.00 $35.94 $6,601.94
30 $6,601.94 $210.14 $0.00 $37.33 $6,849.41
31 $6,849.41 $210.14 $0.00 $38.73 $7,098.28
32 $7,098.28 $210.14 $0.00 $40.13 $7,348.55
33 $7,348.55 $210.14 $0.00 $41.55 $7,600.24
34 $7,600.24 $210.14 $0.00 $42.97 $7,853.35
35 $7,853.35 $210.14 $0.00 $44.40 $8,107.89
36 $8,107.89 $210.14 $0.00 $45.84 $8,363.87
37 $8,363.87 $210.14 $0.00 $47.29 $8,621.30
38 $8,621.30 $210.14 $0.00 $48.75 $8,880.19
39 $8,880.19 $210.14 $0.00 $50.21 $9,140.54
40 $9,140.54 $210.14 $0.00 $51.68 $9,402.36
41 $9,402.36 $210.14 $0.00 $53.16 $9,665.66
42 $9,665.66 $210.14 $0.00 $54.65 $9,930.45
43 $9,930.45 $210.14 $0.00 $56.15 $10,196.74
44 $10,196.74 $210.14 $0.00 $57.65 $10,464.53
45 $10,464.53 $210.14 $0.00 $59.17 $10,733.84
46 $10,733.84 $210.14 $0.00 $60.69 $11,004.67
47 $11,004.67 $210.14 $0.00 $62.22 $11,277.03
48 $11,277.03 $210.14 $0.00 $63.76 $11,550.93
49 $11,550.93 $210.14 $0.00 $65.31 $11,826.38
50 $11,826.38 $210.14 $0.00 $66.87 $12,103.39
51 $12,103.39 $210.14 $0.00 $68.43 $12,381.96
52 $12,381.96 $210.14 $0.00 $70.01 $12,662.11
53 $12,662.11 $210.14 $0.00 $71.59 $12,943.84
54 $12,943.84 $210.14 $0.00 $73.19 $13,227.17
55 $13,227.17 $210.14 $0.00 $74.79 $13,512.10
56 $13,512.10 $210.14 $0.00 $76.40 $13,798.64
57 $13,798.64 $210.14 $0.00 $78.02 $14,086.80
58 $14,086.80 $210.14 $0.00 $79.65 $14,376.59
59 $14,376.59 $210.14 $0.00 $81.29 $14,668.02
60 $14,668.02 $210.14 $0.00 $82.94 $14,961.10
61 $14,961.10 $210.14 $0.00 $84.59 $15,255.83
62 $15,255.83 $210.14 $0.00 $86.26 $15,552.23
63 $15,552.23 $210.14 $0.00 $87.93 $15,850.30
64 $15,850.30 $210.14 $0.00 $89.62 $16,150.06
65 $16,150.06 $210.14 $0.00 $91.31 $16,451.51
66 $16,451.51 $210.14 $0.00 $93.02 $16,754.67
67 $16,754.67 $210.14 $0.00 $94.73 $17,059.54
68 $17,059.54 $210.14 $0.00 $96.46 $17,366.14
69 $17,366.14 $210.14 $0.00 $98.19 $17,674.47
70 $17,674.47 $210.14 $0.00 $99.93 $17,984.54
71 $17,984.54 $210.14 $0.00 $101.69 $18,296.37
72 $18,296.37 $210.14 $0.00 $103.45 $18,609.96
73 $18,609.96 $210.14 $0.00 $105.22 $18,925.32
74 $18,925.32 $210.14 $0.00 $107.01 $19,242.47
75 $19,242.47 $210.14 $0.00 $108.80 $19,561.41
76 $19,561.41 $210.14 $0.00 $110.60 $19,882.15
77 $19,882.15 $210.14 $0.00 $112.42 $20,204.71
78 $20,204.71 $210.14 $0.00 $114.24 $20,529.09
79 $20,529.09 $210.14 $0.00 $116.07 $20,855.30
80 $20,855.30 $210.14 $0.00 $117.92 $21,183.36
81 $21,183.36 $210.14 $0.00 $119.77 $21,513.27
82 $21,513.27 $210.14 $0.00 $121.64 $21,845.05
83 $21,845.05 $210.14 $0.00 $123.52 $22,178.71
84 $22,178.71 $210.14 $0.00 $125.40 $22,514.25
85 $22,514.25 $210.14 $0.00 $127.30 $22,851.69
86 $22,851.69 $210.14 $0.00 $129.21 $23,191.04
87 $23,191.04 $210.14 $0.00 $131.13 $23,532.31
88 $23,532.31 $210.14 $0.00 $133.06 $23,875.51
89 $23,875.51 $210.14 $0.00 $135.00 $24,220.65
90 $24,220.65 $210.14 $0.00 $136.95 $24,567.74
91 $24,567.74 $210.14 $0.00 $138.91 $24,916.79
92 $24,916.79 $210.14 $0.00 $140.88 $25,267.81
93 $25,267.81 $210.14 $0.00 $142.87 $25,620.82
94 $25,620.82 $210.14 $0.00 $144.86 $25,975.82
95 $25,975.82 $210.14 $0.00 $146.87 $26,332.83
96 $26,332.83 $210.14 $0.00 $148.89 $26,691.86
97 $26,691.86 $210.14 $0.00 $150.92 $27,052.92
98 $27,052.92 $210.14 $0.00 $152.96 $27,416.02
99 $27,416.02 $210.14 $0.00 $155.01 $27,781.17
100 $27,781.17 $210.14 $0.00 $157.08 $28,148.39
101 $28,148.39 $210.14 $0.00 $159.16 $28,517.69
102 $28,517.69 $210.14 $0.00 $161.24 $28,889.07
103 $28,889.07 $210.14 $0.00 $163.34 $29,262.55
104 $29,262.55 $210.14 $0.00 $165.45 $29,638.14
105 $29,638.14 $210.14 $0.00 $167.58 $30,015.86
106 $30,015.86 $210.14 $0.00 $169.71 $30,395.71
107 $30,395.71 $210.14 $0.00 $171.86 $30,777.71
108 $30,777.71 $210.14 $0.00 $174.02 $31,161.87
109 $31,161.87 $210.14 $0.00 $176.19 $31,548.20
110 $31,548.20 $210.14 $0.00 $178.38 $31,936.72
111 $31,936.72 $210.14 $0.00 $180.57 $32,327.43
112 $32,327.43 $210.14 $0.00 $182.78 $32,720.35
113 $32,720.35 $210.14 $0.00 $185.01 $33,115.50
114 $33,115.50 $210.14 $0.00 $187.24 $33,512.88
115 $33,512.88 $210.14 $0.00 $189.49 $33,912.51
116 $33,912.51 $210.14 $0.00 $191.75 $34,314.40
117 $34,314.40 $210.14 $0.00 $194.02 $34,718.56
118 $34,718.56 $210.14 $0.00 $196.30 $35,125.00
119 $35,125.00 $210.14 $0.00 $198.60 $35,533.74
120 $35,533.74 $210.14 $0.00 $200.91 $35,944.79
121 $35,944.79 $210.14 $0.00 $203.24 $36,358.17
122 $36,358.17 $210.14 $0.00 $205.57 $36,773.88
123 $36,773.88 $210.14 $0.00 $207.92 $37,191.94
124 $37,191.94 $210.14 $0.00 $210.29 $37,612.37
125 $37,612.37 $210.14 $0.00 $212.67 $38,035.18
126 $38,035.18 $210.14 $0.00 $215.06 $38,460.38
127 $38,460.38 $210.14 $0.00 $217.46 $38,887.98
128 $38,887.98 $210.14 $0.00 $219.88 $39,318.00
129 $39,318.00 $210.14 $0.00 $222.31 $39,750.45
130 $39,750.45 $210.14 $0.00 $224.75 $40,185.34
131 $40,185.34 $210.14 $0.00 $227.21 $40,622.69
132 $40,622.69 $210.14 $0.00 $229.69 $41,062.52
133 $41,062.52 $210.14 $0.00 $232.17 $41,504.83
134 $41,504.83 $210.14 $0.00 $234.67 $41,949.64
135 $41,949.64 $210.14 $0.00 $237.19 $42,396.97
136 $42,396.97 $210.14 $0.00 $239.72 $42,846.83
137 $42,846.83 $210.14 $0.00 $242.26 $43,299.23
138 $43,299.23 $210.14 $0.00 $244.82 $43,754.19
139 $43,754.19 $210.14 $0.00 $247.39 $44,211.72
140 $44,211.72 $210.14 $0.00 $249.98 $44,671.84
141 $44,671.84 $210.14 $0.00 $252.58 $45,134.56
142 $45,134.56 $210.14 $0.00 $255.20 $45,599.90
143 $45,599.90 $210.14 $0.00 $257.83 $46,067.87
144 $46,067.87 $210.14 $0.00 $260.47 $46,538.48
145 $46,538.48 $210.14 $0.00 $263.14 $47,011.76
146 $47,011.76 $210.14 $0.00 $265.81 $47,487.71
147 $47,487.71 $210.14 $0.00 $268.50 $47,966.35
148 $47,966.35 $210.14 $0.00 $271.21 $48,447.70
149 $48,447.70 $210.14 $0.00 $273.93 $48,931.77
150 $48,931.77 $210.14 $0.00 $276.67 $49,418.58
151 $49,418.58 $210.14 $0.00 $279.42 $49,908.14
152 $49,908.14 $210.14 $0.00 $282.19 $50,400.47
153 $50,400.47 $210.14 $0.00 $284.97 $50,895.58
154 $50,895.58 $210.14 $0.00 $287.77 $51,393.49
155 $51,393.49 $210.14 $0.00 $290.59 $51,894.22
156 $51,894.22 $210.14 $0.00 $293.42 $52,397.78
157 $52,397.78 $210.14 $0.00 $296.26 $52,904.18
158 $52,904.18 $210.14 $0.00 $299.13 $53,413.45
159 $53,413.45 $210.14 $0.00 $302.01 $53,925.60
160 $53,925.60 $210.14 $0.00 $304.90 $54,440.64
161 $54,440.64 $210.14 $0.00 $307.82 $54,958.60
162 $54,958.60 $210.14 $0.00 $310.74 $55,479.48
163 $55,479.48 $210.14 $0.00 $313.69 $56,003.31
164 $56,003.31 $210.14 $0.00 $316.65 $56,530.10
165 $56,530.10 $210.14 $0.00 $319.63 $57,059.87
166 $57,059.87 $210.14 $0.00 $322.62 $57,592.63
167 $57,592.63 $210.14 $0.00 $325.64 $58,128.41
168 $58,128.41 $210.14 $0.00 $328.67 $58,667.22
169 $58,667.22 $210.14 $0.00 $331.71 $59,209.07
170 $59,209.07 $210.14 $0.00 $334.78 $59,753.99
171 $59,753.99 $210.14 $0.00 $337.86 $60,301.99
172 $60,301.99 $210.14 $0.00 $340.96 $60,853.09
173 $60,853.09 $210.14 $0.00 $344.07 $61,407.30
174 $61,407.30 $210.14 $0.00 $347.21 $61,964.65
175 $61,964.65 $210.14 $0.00 $350.36 $62,525.15
176 $62,525.15 $210.14 $0.00 $353.53 $63,088.82
177 $63,088.82 $210.14 $0.00 $356.71 $63,655.67
178 $63,655.67 $210.14 $0.00 $359.92 $64,225.73
179 $64,225.73 $210.14 $0.00 $363.14 $64,799.01
180 $64,799.01 $210.14 $0.00 $366.38 $65,375.53
181 $65,375.53 $210.14 $0.00 $369.64 $65,955.31
182 $65,955.31 $210.14 $0.00 $372.92 $66,538.37
183 $66,538.37 $210.14 $0.00 $376.22 $67,124.73
184 $67,124.73 $210.14 $0.00 $379.53 $67,714.40
185 $67,714.40 $210.14 $0.00 $382.87 $68,307.41
186 $68,307.41 $210.14 $0.00 $386.22 $68,903.77
187 $68,903.77 $210.14 $0.00 $389.59 $69,503.50
188 $69,503.50 $210.14 $0.00 $392.98 $70,106.62
189 $70,106.62 $210.14 $0.00 $396.39 $70,713.15
190 $70,713.15 $210.14 $0.00 $399.82 $71,323.11
191 $71,323.11 $210.14 $0.00 $403.27 $71,936.52
192 $71,936.52 $210.14 $0.00 $406.74 $72,553.40
193 $72,553.40 $210.14 $0.00 $410.23 $73,173.77
194 $73,173.77 $210.14 $0.00 $413.74 $73,797.65
195 $73,797.65 $210.14 $0.00 $417.26 $74,425.05
196 $74,425.05 $210.14 $0.00 $420.81 $75,056.00
197 $75,056.00 $210.14 $0.00 $424.38 $75,690.52
198 $75,690.52 $210.14 $0.00 $427.97 $76,328.63
199 $76,328.63 $210.14 $0.00 $431.57 $76,970.34
200 $76,970.34 $210.14 $0.00 $435.20 $77,615.68
201 $77,615.68 $210.14 $0.00 $438.85 $78,264.67
202 $78,264.67 $210.14 $0.00 $442.52 $78,917.33
203 $78,917.33 $210.14 $0.00 $446.21 $79,573.68
204 $79,573.68 $210.14 $0.00 $449.92 $80,233.74
205 $80,233.74 $210.14 $0.00 $453.65 $80,897.53
206 $80,897.53 $210.14 $0.00 $457.41 $81,565.08
207 $81,565.08 $210.14 $0.00 $461.18 $82,236.40
208 $82,236.40 $210.14 $0.00 $464.98 $82,911.52
209 $82,911.52 $210.14 $0.00 $468.79 $83,590.45
210 $83,590.45 $210.14 $0.00 $472.63 $84,273.22
211 $84,273.22 $210.14 $0.00 $476.49 $84,959.85
212 $84,959.85 $210.14 $0.00 $480.38 $85,650.37
213 $85,650.37 $210.14 $0.00 $484.28 $86,344.79
214 $86,344.79 $210.14 $0.00 $488.21 $87,043.14
215 $87,043.14 $210.14 $0.00 $492.15 $87,745.43
216 $87,745.43 $210.14 $0.00 $496.13 $88,451.70
217 $88,451.70 $210.14 $46,130.08 $500.12 $43,031.88
218 $43,031.88 $210.14 $0.00 $243.31 $43,485.33
219 $43,485.33 $210.14 $0.00 $245.87 $43,941.34
220 $43,941.34 $210.14 $0.00 $248.45 $44,399.93
221 $44,399.93 $210.14 $0.00 $251.04 $44,861.11
222 $44,861.11 $210.14 $0.00 $253.65 $45,324.90
223 $45,324.90 $210.14 $0.00 $256.27 $45,791.31
224 $45,791.31 $210.14 $0.00 $258.91 $46,260.36
225 $46,260.36 $210.14 $0.00 $261.56 $46,732.06
226 $46,732.06 $210.14 $0.00 $264.23 $47,206.43
227 $47,206.43 $210.14 $0.00 $266.91 $47,683.48
228 $47,683.48 $210.14 $0.00 $269.61 $48,163.23
229 $48,163.23 $0.00 $48,436.58 $272.32 ($1.03)