Savings Plan and Future Cost Estimation for Lynn University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$151,088
Monthly savings required$1,196

How much will it cost to send your child to Lynn University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $604,352.18 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,195.99 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$58,263.00
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 $1,195.99 $0.00 $0.00 $1,195.99
2 $1,195.99 $1,195.99 $0.00 $6.76 $2,398.74
3 $2,398.74 $1,195.99 $0.00 $13.56 $3,608.29
4 $3,608.29 $1,195.99 $0.00 $20.40 $4,824.68
5 $4,824.68 $1,195.99 $0.00 $27.28 $6,047.95
6 $6,047.95 $1,195.99 $0.00 $34.20 $7,278.14
7 $7,278.14 $1,195.99 $0.00 $41.15 $8,515.28
8 $8,515.28 $1,195.99 $0.00 $48.15 $9,759.42
9 $9,759.42 $1,195.99 $0.00 $55.18 $11,010.59
10 $11,010.59 $1,195.99 $0.00 $62.26 $12,268.84
11 $12,268.84 $1,195.99 $0.00 $69.37 $13,534.20
12 $13,534.20 $1,195.99 $0.00 $76.52 $14,806.71
13 $14,806.71 $1,195.99 $0.00 $83.72 $16,086.42
14 $16,086.42 $1,195.99 $0.00 $90.95 $17,373.36
15 $17,373.36 $1,195.99 $0.00 $98.23 $18,667.58
16 $18,667.58 $1,195.99 $0.00 $105.55 $19,969.12
17 $19,969.12 $1,195.99 $0.00 $112.91 $21,278.02
18 $21,278.02 $1,195.99 $0.00 $120.31 $22,594.32
19 $22,594.32 $1,195.99 $0.00 $127.75 $23,918.06
20 $23,918.06 $1,195.99 $0.00 $135.24 $25,249.29
21 $25,249.29 $1,195.99 $0.00 $142.76 $26,588.04
22 $26,588.04 $1,195.99 $0.00 $150.33 $27,934.36
23 $27,934.36 $1,195.99 $0.00 $157.94 $29,288.29
24 $29,288.29 $1,195.99 $0.00 $165.60 $30,649.88
25 $30,649.88 $1,195.99 $0.00 $173.30 $32,019.17
26 $32,019.17 $1,195.99 $0.00 $181.04 $33,396.20
27 $33,396.20 $1,195.99 $0.00 $188.83 $34,781.02
28 $34,781.02 $1,195.99 $0.00 $196.66 $36,173.67
29 $36,173.67 $1,195.99 $0.00 $204.53 $37,574.19
30 $37,574.19 $1,195.99 $0.00 $212.45 $38,982.63
31 $38,982.63 $1,195.99 $0.00 $220.41 $40,399.03
32 $40,399.03 $1,195.99 $0.00 $228.42 $41,823.44
33 $41,823.44 $1,195.99 $0.00 $236.48 $43,255.91
34 $43,255.91 $1,195.99 $0.00 $244.58 $44,696.48
35 $44,696.48 $1,195.99 $0.00 $252.72 $46,145.19
36 $46,145.19 $1,195.99 $0.00 $260.91 $47,602.09
37 $47,602.09 $1,195.99 $0.00 $269.15 $49,067.23
38 $49,067.23 $1,195.99 $0.00 $277.43 $50,540.65
39 $50,540.65 $1,195.99 $0.00 $285.76 $52,022.40
40 $52,022.40 $1,195.99 $0.00 $294.14 $53,512.53
41 $53,512.53 $1,195.99 $0.00 $302.57 $55,011.09
42 $55,011.09 $1,195.99 $0.00 $311.04 $56,518.12
43 $56,518.12 $1,195.99 $0.00 $319.56 $58,033.67
44 $58,033.67 $1,195.99 $0.00 $328.13 $59,557.79
45 $59,557.79 $1,195.99 $0.00 $336.75 $61,090.53
46 $61,090.53 $1,195.99 $0.00 $345.41 $62,631.93
47 $62,631.93 $1,195.99 $0.00 $354.13 $64,182.05
48 $64,182.05 $1,195.99 $0.00 $362.89 $65,740.93
49 $65,740.93 $1,195.99 $0.00 $371.71 $67,308.63
50 $67,308.63 $1,195.99 $0.00 $380.57 $68,885.19
51 $68,885.19 $1,195.99 $0.00 $389.49 $70,470.67
52 $70,470.67 $1,195.99 $0.00 $398.45 $72,065.11
53 $72,065.11 $1,195.99 $0.00 $407.47 $73,668.57
54 $73,668.57 $1,195.99 $0.00 $416.53 $75,281.09
55 $75,281.09 $1,195.99 $0.00 $425.65 $76,902.73
56 $76,902.73 $1,195.99 $0.00 $434.82 $78,533.54
57 $78,533.54 $1,195.99 $0.00 $444.04 $80,173.57
58 $80,173.57 $1,195.99 $0.00 $453.31 $81,822.87
59 $81,822.87 $1,195.99 $0.00 $462.64 $83,481.50
60 $83,481.50 $1,195.99 $0.00 $472.02 $85,149.51
61 $85,149.51 $1,195.99 $0.00 $481.45 $86,826.95
62 $86,826.95 $1,195.99 $0.00 $490.93 $88,513.87
63 $88,513.87 $1,195.99 $0.00 $500.47 $90,210.33
64 $90,210.33 $1,195.99 $0.00 $510.06 $91,916.38
65 $91,916.38 $1,195.99 $0.00 $519.71 $93,632.08
66 $93,632.08 $1,195.99 $0.00 $529.41 $95,357.48
67 $95,357.48 $1,195.99 $0.00 $539.17 $97,092.64
68 $97,092.64 $1,195.99 $0.00 $548.98 $98,837.61
69 $98,837.61 $1,195.99 $0.00 $558.84 $100,592.44
70 $100,592.44 $1,195.99 $0.00 $568.76 $102,357.19
71 $102,357.19 $1,195.99 $0.00 $578.74 $104,131.92
72 $104,131.92 $1,195.99 $0.00 $588.78 $105,916.69
73 $105,916.69 $1,195.99 $0.00 $598.87 $107,711.55
74 $107,711.55 $1,195.99 $0.00 $609.02 $109,516.56
75 $109,516.56 $1,195.99 $0.00 $619.22 $111,331.77
76 $111,331.77 $1,195.99 $0.00 $629.49 $113,157.25
77 $113,157.25 $1,195.99 $0.00 $639.81 $114,993.05
78 $114,993.05 $1,195.99 $0.00 $650.19 $116,839.23
79 $116,839.23 $1,195.99 $0.00 $660.63 $118,695.85
80 $118,695.85 $1,195.99 $0.00 $671.12 $120,562.96
81 $120,562.96 $1,195.99 $0.00 $681.68 $122,440.63
82 $122,440.63 $1,195.99 $0.00 $692.30 $124,328.92
83 $124,328.92 $1,195.99 $0.00 $702.97 $126,227.88
84 $126,227.88 $1,195.99 $0.00 $713.71 $128,137.58
85 $128,137.58 $1,195.99 $0.00 $724.51 $130,058.08
86 $130,058.08 $1,195.99 $0.00 $735.37 $131,989.44
87 $131,989.44 $1,195.99 $0.00 $746.29 $133,931.72
88 $133,931.72 $1,195.99 $0.00 $757.27 $135,884.98
89 $135,884.98 $1,195.99 $0.00 $768.31 $137,849.28
90 $137,849.28 $1,195.99 $0.00 $779.42 $139,824.69
91 $139,824.69 $1,195.99 $0.00 $790.59 $141,811.27
92 $141,811.27 $1,195.99 $0.00 $801.82 $143,809.08
93 $143,809.08 $1,195.99 $0.00 $813.12 $145,818.19
94 $145,818.19 $1,195.99 $0.00 $824.48 $147,838.66
95 $147,838.66 $1,195.99 $0.00 $835.90 $149,870.55
96 $149,870.55 $1,195.99 $0.00 $847.39 $151,913.93
97 $151,913.93 $1,195.99 $0.00 $858.94 $153,968.86
98 $153,968.86 $1,195.99 $0.00 $870.56 $156,035.41
99 $156,035.41 $1,195.99 $0.00 $882.25 $158,113.65
100 $158,113.65 $1,195.99 $0.00 $894.00 $160,203.64
101 $160,203.64 $1,195.99 $0.00 $905.81 $162,305.44
102 $162,305.44 $1,195.99 $0.00 $917.70 $164,419.13
103 $164,419.13 $1,195.99 $0.00 $929.65 $166,544.77
104 $166,544.77 $1,195.99 $0.00 $941.67 $168,682.43
105 $168,682.43 $1,195.99 $0.00 $953.75 $170,832.17
106 $170,832.17 $1,195.99 $0.00 $965.91 $172,994.07
107 $172,994.07 $1,195.99 $0.00 $978.13 $175,168.19
108 $175,168.19 $1,195.99 $0.00 $990.43 $177,354.61
109 $177,354.61 $1,195.99 $0.00 $1,002.79 $179,553.39
110 $179,553.39 $1,195.99 $0.00 $1,015.22 $181,764.60
111 $181,764.60 $1,195.99 $0.00 $1,027.72 $183,988.31
112 $183,988.31 $1,195.99 $0.00 $1,040.30 $186,224.60
113 $186,224.60 $1,195.99 $0.00 $1,052.94 $188,473.53
114 $188,473.53 $1,195.99 $0.00 $1,065.66 $190,735.18
115 $190,735.18 $1,195.99 $0.00 $1,078.44 $193,009.61
116 $193,009.61 $1,195.99 $0.00 $1,091.30 $195,296.90
117 $195,296.90 $1,195.99 $0.00 $1,104.24 $197,597.13
118 $197,597.13 $1,195.99 $0.00 $1,117.24 $199,910.36
119 $199,910.36 $1,195.99 $0.00 $1,130.32 $202,236.67
120 $202,236.67 $1,195.99 $0.00 $1,143.48 $204,576.14
121 $204,576.14 $1,195.99 $0.00 $1,156.70 $206,928.83
122 $206,928.83 $1,195.99 $0.00 $1,170.01 $209,294.83
123 $209,294.83 $1,195.99 $0.00 $1,183.38 $211,674.20
124 $211,674.20 $1,195.99 $0.00 $1,196.84 $214,067.03
125 $214,067.03 $1,195.99 $0.00 $1,210.37 $216,473.39
126 $216,473.39 $1,195.99 $0.00 $1,223.97 $218,893.35
127 $218,893.35 $1,195.99 $0.00 $1,237.65 $221,326.99
128 $221,326.99 $1,195.99 $0.00 $1,251.41 $223,774.39
129 $223,774.39 $1,195.99 $0.00 $1,265.25 $226,235.63
130 $226,235.63 $1,195.99 $0.00 $1,279.17 $228,710.79
131 $228,710.79 $1,195.99 $0.00 $1,293.16 $231,199.94
132 $231,199.94 $1,195.99 $0.00 $1,307.24 $233,703.17
133 $233,703.17 $1,195.99 $0.00 $1,321.39 $236,220.55
134 $236,220.55 $1,195.99 $0.00 $1,335.63 $238,752.17
135 $238,752.17 $1,195.99 $0.00 $1,349.94 $241,298.10
136 $241,298.10 $1,195.99 $0.00 $1,364.33 $243,858.42
137 $243,858.42 $1,195.99 $0.00 $1,378.81 $246,433.22
138 $246,433.22 $1,195.99 $0.00 $1,393.37 $249,022.58
139 $249,022.58 $1,195.99 $0.00 $1,408.01 $251,626.58
140 $251,626.58 $1,195.99 $0.00 $1,422.73 $254,245.30
141 $254,245.30 $1,195.99 $0.00 $1,437.54 $256,878.83
142 $256,878.83 $1,195.99 $0.00 $1,452.43 $259,527.25
143 $259,527.25 $1,195.99 $0.00 $1,467.40 $262,190.64
144 $262,190.64 $1,195.99 $0.00 $1,482.46 $264,869.09
145 $264,869.09 $1,195.99 $0.00 $1,497.61 $267,562.69
146 $267,562.69 $1,195.99 $0.00 $1,512.84 $270,271.52
147 $270,271.52 $1,195.99 $0.00 $1,528.15 $272,995.66
148 $272,995.66 $1,195.99 $0.00 $1,543.56 $275,735.21
149 $275,735.21 $1,195.99 $0.00 $1,559.05 $278,490.25
150 $278,490.25 $1,195.99 $0.00 $1,574.62 $281,260.86
151 $281,260.86 $1,195.99 $0.00 $1,590.29 $284,047.14
152 $284,047.14 $1,195.99 $0.00 $1,606.04 $286,849.17
153 $286,849.17 $1,195.99 $0.00 $1,621.89 $289,667.05
154 $289,667.05 $1,195.99 $0.00 $1,637.82 $292,500.86
155 $292,500.86 $1,195.99 $0.00 $1,653.84 $295,350.69
156 $295,350.69 $1,195.99 $0.00 $1,669.96 $298,216.64
157 $298,216.64 $1,195.99 $0.00 $1,686.16 $301,098.79
158 $301,098.79 $1,195.99 $0.00 $1,702.46 $303,997.24
159 $303,997.24 $1,195.99 $0.00 $1,718.84 $306,912.07
160 $306,912.07 $1,195.99 $0.00 $1,735.33 $309,843.39
161 $309,843.39 $1,195.99 $0.00 $1,751.90 $312,791.28
162 $312,791.28 $1,195.99 $0.00 $1,768.57 $315,755.84
163 $315,755.84 $1,195.99 $0.00 $1,785.33 $318,737.16
164 $318,737.16 $1,195.99 $0.00 $1,802.19 $321,735.34
165 $321,735.34 $1,195.99 $0.00 $1,819.14 $324,750.47
166 $324,750.47 $1,195.99 $0.00 $1,836.19 $327,782.65
167 $327,782.65 $1,195.99 $0.00 $1,853.33 $330,831.97
168 $330,831.97 $1,195.99 $0.00 $1,870.57 $333,898.53
169 $333,898.53 $1,195.99 $0.00 $1,887.91 $336,982.43
170 $336,982.43 $1,195.99 $0.00 $1,905.35 $340,083.77
171 $340,083.77 $1,195.99 $0.00 $1,922.88 $343,202.64
172 $343,202.64 $1,195.99 $0.00 $1,940.52 $346,339.15
173 $346,339.15 $1,195.99 $0.00 $1,958.25 $349,493.39
174 $349,493.39 $1,195.99 $0.00 $1,976.09 $352,665.47
175 $352,665.47 $1,195.99 $0.00 $1,994.02 $355,855.48
176 $355,855.48 $1,195.99 $0.00 $2,012.06 $359,063.53
177 $359,063.53 $1,195.99 $0.00 $2,030.20 $362,289.72
178 $362,289.72 $1,195.99 $0.00 $2,048.44 $365,534.15
179 $365,534.15 $1,195.99 $0.00 $2,066.78 $368,796.92
180 $368,796.92 $1,195.99 $0.00 $2,085.23 $372,078.14
181 $372,078.14 $1,195.99 $0.00 $2,103.78 $375,377.91
182 $375,377.91 $1,195.99 $0.00 $2,122.44 $378,696.34
183 $378,696.34 $1,195.99 $0.00 $2,141.20 $382,033.53
184 $382,033.53 $1,195.99 $0.00 $2,160.07 $385,389.59
185 $385,389.59 $1,195.99 $0.00 $2,179.05 $388,764.63
186 $388,764.63 $1,195.99 $0.00 $2,198.13 $392,158.75
187 $392,158.75 $1,195.99 $0.00 $2,217.32 $395,572.06
188 $395,572.06 $1,195.99 $0.00 $2,236.62 $399,004.67
189 $399,004.67 $1,195.99 $0.00 $2,256.03 $402,456.69
190 $402,456.69 $1,195.99 $0.00 $2,275.55 $405,928.23
191 $405,928.23 $1,195.99 $0.00 $2,295.18 $409,419.40
192 $409,419.40 $1,195.99 $0.00 $2,314.92 $412,930.31
193 $412,930.31 $1,195.99 $0.00 $2,334.77 $416,461.07
194 $416,461.07 $1,195.99 $0.00 $2,354.73 $420,011.79
195 $420,011.79 $1,195.99 $0.00 $2,374.81 $423,582.59
196 $423,582.59 $1,195.99 $0.00 $2,395.00 $427,173.58
197 $427,173.58 $1,195.99 $0.00 $2,415.30 $430,784.87
198 $430,784.87 $1,195.99 $0.00 $2,435.72 $434,416.58
199 $434,416.58 $1,195.99 $0.00 $2,456.25 $438,068.82
200 $438,068.82 $1,195.99 $0.00 $2,476.90 $441,741.71
201 $441,741.71 $1,195.99 $0.00 $2,497.67 $445,435.37
202 $445,435.37 $1,195.99 $0.00 $2,518.56 $449,149.92
203 $449,149.92 $1,195.99 $0.00 $2,539.56 $452,885.47
204 $452,885.47 $1,195.99 $0.00 $2,560.68 $456,642.14
205 $456,642.14 $1,195.99 $0.00 $2,581.92 $460,420.05
206 $460,420.05 $1,195.99 $0.00 $2,603.28 $464,219.32
207 $464,219.32 $1,195.99 $0.00 $2,624.76 $468,040.07
208 $468,040.07 $1,195.99 $0.00 $2,646.37 $471,882.43
209 $471,882.43 $1,195.99 $0.00 $2,668.09 $475,746.51
210 $475,746.51 $1,195.99 $0.00 $2,689.94 $479,632.44
211 $479,632.44 $1,195.99 $0.00 $2,711.91 $483,540.34
212 $483,540.34 $1,195.99 $0.00 $2,734.01 $487,470.34
213 $487,470.34 $1,195.99 $0.00 $2,756.23 $491,422.56
214 $491,422.56 $1,195.99 $0.00 $2,778.57 $495,397.12
215 $495,397.12 $1,195.99 $0.00 $2,801.05 $499,394.16
216 $499,394.16 $1,195.99 $0.00 $2,823.65 $503,413.80
217 $503,413.80 $1,195.99 $140,216.86 $2,846.37 $367,239.30
218 $367,239.30 $1,195.99 $0.00 $2,076.42 $370,511.71
219 $370,511.71 $1,195.99 $0.00 $2,094.93 $373,802.63
220 $373,802.63 $1,195.99 $0.00 $2,113.53 $377,112.15
221 $377,112.15 $1,195.99 $0.00 $2,132.25 $380,440.39
222 $380,440.39 $1,195.99 $0.00 $2,151.07 $383,787.45
223 $383,787.45 $1,195.99 $0.00 $2,169.99 $387,153.43
224 $387,153.43 $1,195.99 $0.00 $2,189.02 $390,538.44
225 $390,538.44 $1,195.99 $0.00 $2,208.16 $393,942.59
226 $393,942.59 $1,195.99 $0.00 $2,227.41 $397,365.99
227 $397,365.99 $1,195.99 $0.00 $2,246.77 $400,808.75
228 $400,808.75 $1,195.99 $0.00 $2,266.23 $404,270.97
229 $404,270.97 $1,195.99 $147,227.70 $2,285.81 $260,525.07
230 $260,525.07 $1,195.99 $0.00 $1,473.05 $263,194.11
231 $263,194.11 $1,195.99 $0.00 $1,488.14 $265,878.24
232 $265,878.24 $1,195.99 $0.00 $1,503.31 $268,577.54
233 $268,577.54 $1,195.99 $0.00 $1,518.58 $271,292.11
234 $271,292.11 $1,195.99 $0.00 $1,533.93 $274,022.03
235 $274,022.03 $1,195.99 $0.00 $1,549.36 $276,767.38
236 $276,767.38 $1,195.99 $0.00 $1,564.88 $279,528.25
237 $279,528.25 $1,195.99 $0.00 $1,580.49 $282,304.73
238 $282,304.73 $1,195.99 $0.00 $1,596.19 $285,096.91
239 $285,096.91 $1,195.99 $0.00 $1,611.98 $287,904.88
240 $287,904.88 $1,195.99 $0.00 $1,627.86 $290,728.73
241 $290,728.73 $1,195.99 $154,589.08 $1,643.82 $138,979.46
242 $138,979.46 $1,195.99 $0.00 $785.81 $140,961.26
243 $140,961.26 $1,195.99 $0.00 $797.02 $142,954.27
244 $142,954.27 $1,195.99 $0.00 $808.28 $144,958.54
245 $144,958.54 $1,195.99 $0.00 $819.62 $146,974.15
246 $146,974.15 $1,195.99 $0.00 $831.01 $149,001.15
247 $149,001.15 $1,195.99 $0.00 $842.47 $151,039.61
248 $151,039.61 $1,195.99 $0.00 $854.00 $153,089.60
249 $153,089.60 $1,195.99 $0.00 $865.59 $155,151.18
250 $155,151.18 $1,195.99 $0.00 $877.25 $157,224.42
251 $157,224.42 $1,195.99 $0.00 $888.97 $159,309.38
252 $159,309.38 $1,195.99 $0.00 $900.76 $161,406.13
253 $161,406.13 $0.00 $162,318.54 $912.61 $0.20