# Savings Plan and Future Cost Estimation for Life University

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

## Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2039 \$102,434 Monthly savings required \$811

How much will it cost to send your child to Life University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at \$409,737.15 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of \$810.85 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 \$39,501.00 Years until enrollment 18 Annual Tuition Increase 5% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 4

## Current Savings Shortfall

### College Savings Calculator

Discover how much will you need to start saving now to afford Life University in the future.

## College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$810.85 \$0.00 \$0.00 \$810.85
2 \$810.85 \$810.85 \$0.00 \$4.58 \$1,626.28
3 \$1,626.28 \$810.85 \$0.00 \$9.20 \$2,446.33
4 \$2,446.33 \$810.85 \$0.00 \$13.83 \$3,271.01
5 \$3,271.01 \$810.85 \$0.00 \$18.49 \$4,100.35
6 \$4,100.35 \$810.85 \$0.00 \$23.18 \$4,934.38
7 \$4,934.38 \$810.85 \$0.00 \$27.90 \$5,773.13
8 \$5,773.13 \$810.85 \$0.00 \$32.64 \$6,616.62
9 \$6,616.62 \$810.85 \$0.00 \$37.41 \$7,464.88
10 \$7,464.88 \$810.85 \$0.00 \$42.21 \$8,317.94
11 \$8,317.94 \$810.85 \$0.00 \$47.03 \$9,175.82
12 \$9,175.82 \$810.85 \$0.00 \$51.88 \$10,038.55
13 \$10,038.55 \$810.85 \$0.00 \$56.76 \$10,906.16
14 \$10,906.16 \$810.85 \$0.00 \$61.67 \$11,778.68
15 \$11,778.68 \$810.85 \$0.00 \$66.60 \$12,656.13
16 \$12,656.13 \$810.85 \$0.00 \$71.56 \$13,538.54
17 \$13,538.54 \$810.85 \$0.00 \$76.55 \$14,425.94
18 \$14,425.94 \$810.85 \$0.00 \$81.57 \$15,318.36
19 \$15,318.36 \$810.85 \$0.00 \$86.61 \$16,215.82
20 \$16,215.82 \$810.85 \$0.00 \$91.69 \$17,118.36
21 \$17,118.36 \$810.85 \$0.00 \$96.79 \$18,026.00
22 \$18,026.00 \$810.85 \$0.00 \$101.92 \$18,938.77
23 \$18,938.77 \$810.85 \$0.00 \$107.08 \$19,856.70
24 \$19,856.70 \$810.85 \$0.00 \$112.27 \$20,779.82
25 \$20,779.82 \$810.85 \$0.00 \$117.49 \$21,708.16
26 \$21,708.16 \$810.85 \$0.00 \$122.74 \$22,641.75
27 \$22,641.75 \$810.85 \$0.00 \$128.02 \$23,580.62
28 \$23,580.62 \$810.85 \$0.00 \$133.33 \$24,524.80
29 \$24,524.80 \$810.85 \$0.00 \$138.67 \$25,474.32
30 \$25,474.32 \$810.85 \$0.00 \$144.04 \$26,429.21
31 \$26,429.21 \$810.85 \$0.00 \$149.43 \$27,389.49
32 \$27,389.49 \$810.85 \$0.00 \$154.86 \$28,355.20
33 \$28,355.20 \$810.85 \$0.00 \$160.32 \$29,326.37
34 \$29,326.37 \$810.85 \$0.00 \$165.82 \$30,303.04
35 \$30,303.04 \$810.85 \$0.00 \$171.34 \$31,285.23
36 \$31,285.23 \$810.85 \$0.00 \$176.89 \$32,272.97
37 \$32,272.97 \$810.85 \$0.00 \$182.48 \$33,266.30
38 \$33,266.30 \$810.85 \$0.00 \$188.09 \$34,265.24
39 \$34,265.24 \$810.85 \$0.00 \$193.74 \$35,269.83
40 \$35,269.83 \$810.85 \$0.00 \$199.42 \$36,280.10
41 \$36,280.10 \$810.85 \$0.00 \$205.13 \$37,296.08
42 \$37,296.08 \$810.85 \$0.00 \$210.88 \$38,317.81
43 \$38,317.81 \$810.85 \$0.00 \$216.65 \$39,345.31
44 \$39,345.31 \$810.85 \$0.00 \$222.46 \$40,378.62
45 \$40,378.62 \$810.85 \$0.00 \$228.31 \$41,417.78
46 \$41,417.78 \$810.85 \$0.00 \$234.18 \$42,462.81
47 \$42,462.81 \$810.85 \$0.00 \$240.09 \$43,513.75
48 \$43,513.75 \$810.85 \$0.00 \$246.03 \$44,570.63
49 \$44,570.63 \$810.85 \$0.00 \$252.01 \$45,633.49
50 \$45,633.49 \$810.85 \$0.00 \$258.02 \$46,702.36
51 \$46,702.36 \$810.85 \$0.00 \$264.06 \$47,777.27
52 \$47,777.27 \$810.85 \$0.00 \$270.14 \$48,858.26
53 \$48,858.26 \$810.85 \$0.00 \$276.25 \$49,945.36
54 \$49,945.36 \$810.85 \$0.00 \$282.40 \$51,038.61
55 \$51,038.61 \$810.85 \$0.00 \$288.58 \$52,138.04
56 \$52,138.04 \$810.85 \$0.00 \$294.80 \$53,243.69
57 \$53,243.69 \$810.85 \$0.00 \$301.05 \$54,355.59
58 \$54,355.59 \$810.85 \$0.00 \$307.33 \$55,473.77
59 \$55,473.77 \$810.85 \$0.00 \$313.66 \$56,598.28
60 \$56,598.28 \$810.85 \$0.00 \$320.01 \$57,729.14
61 \$57,729.14 \$810.85 \$0.00 \$326.41 \$58,866.40
62 \$58,866.40 \$810.85 \$0.00 \$332.84 \$60,010.09
63 \$60,010.09 \$810.85 \$0.00 \$339.31 \$61,160.25
64 \$61,160.25 \$810.85 \$0.00 \$345.81 \$62,316.91
65 \$62,316.91 \$810.85 \$0.00 \$352.35 \$63,480.11
66 \$63,480.11 \$810.85 \$0.00 \$358.93 \$64,649.89
67 \$64,649.89 \$810.85 \$0.00 \$365.54 \$65,826.28
68 \$65,826.28 \$810.85 \$0.00 \$372.19 \$67,009.32
69 \$67,009.32 \$810.85 \$0.00 \$378.88 \$68,199.05
70 \$68,199.05 \$810.85 \$0.00 \$385.61 \$69,395.51
71 \$69,395.51 \$810.85 \$0.00 \$392.37 \$70,598.73
72 \$70,598.73 \$810.85 \$0.00 \$399.18 \$71,808.76
73 \$71,808.76 \$810.85 \$0.00 \$406.02 \$73,025.63
74 \$73,025.63 \$810.85 \$0.00 \$412.90 \$74,249.38
75 \$74,249.38 \$810.85 \$0.00 \$419.82 \$75,480.05
76 \$75,480.05 \$810.85 \$0.00 \$426.78 \$76,717.68
77 \$76,717.68 \$810.85 \$0.00 \$433.77 \$77,962.30
78 \$77,962.30 \$810.85 \$0.00 \$440.81 \$79,213.96
79 \$79,213.96 \$810.85 \$0.00 \$447.89 \$80,472.70
80 \$80,472.70 \$810.85 \$0.00 \$455.00 \$81,738.55
81 \$81,738.55 \$810.85 \$0.00 \$462.16 \$83,011.56
82 \$83,011.56 \$810.85 \$0.00 \$469.36 \$84,291.77
83 \$84,291.77 \$810.85 \$0.00 \$476.60 \$85,579.22
84 \$85,579.22 \$810.85 \$0.00 \$483.88 \$86,873.95
85 \$86,873.95 \$810.85 \$0.00 \$491.20 \$88,176.00
86 \$88,176.00 \$810.85 \$0.00 \$498.56 \$89,485.41
87 \$89,485.41 \$810.85 \$0.00 \$505.96 \$90,802.22
88 \$90,802.22 \$810.85 \$0.00 \$513.41 \$92,126.48
89 \$92,126.48 \$810.85 \$0.00 \$520.90 \$93,458.23
90 \$93,458.23 \$810.85 \$0.00 \$528.43 \$94,797.51
91 \$94,797.51 \$810.85 \$0.00 \$536.00 \$96,144.36
92 \$96,144.36 \$810.85 \$0.00 \$543.61 \$97,498.82
93 \$97,498.82 \$810.85 \$0.00 \$551.27 \$98,860.94
94 \$98,860.94 \$810.85 \$0.00 \$558.97 \$100,230.76
95 \$100,230.76 \$810.85 \$0.00 \$566.72 \$101,608.33
96 \$101,608.33 \$810.85 \$0.00 \$574.51 \$102,993.69
97 \$102,993.69 \$810.85 \$0.00 \$582.34 \$104,386.88
98 \$104,386.88 \$810.85 \$0.00 \$590.22 \$105,787.95
99 \$105,787.95 \$810.85 \$0.00 \$598.14 \$107,196.94
100 \$107,196.94 \$810.85 \$0.00 \$606.11 \$108,613.90
101 \$108,613.90 \$810.85 \$0.00 \$614.12 \$110,038.87
102 \$110,038.87 \$810.85 \$0.00 \$622.18 \$111,471.90
103 \$111,471.90 \$810.85 \$0.00 \$630.28 \$112,913.03
104 \$112,913.03 \$810.85 \$0.00 \$638.43 \$114,362.31
105 \$114,362.31 \$810.85 \$0.00 \$646.62 \$115,819.78
106 \$115,819.78 \$810.85 \$0.00 \$654.86 \$117,285.49
107 \$117,285.49 \$810.85 \$0.00 \$663.15 \$118,759.49
108 \$118,759.49 \$810.85 \$0.00 \$671.48 \$120,241.82
109 \$120,241.82 \$810.85 \$0.00 \$679.86 \$121,732.53
110 \$121,732.53 \$810.85 \$0.00 \$688.29 \$123,231.67
111 \$123,231.67 \$810.85 \$0.00 \$696.77 \$124,739.29
112 \$124,739.29 \$810.85 \$0.00 \$705.29 \$126,255.43
113 \$126,255.43 \$810.85 \$0.00 \$713.87 \$127,780.15
114 \$127,780.15 \$810.85 \$0.00 \$722.49 \$129,313.49
115 \$129,313.49 \$810.85 \$0.00 \$731.16 \$130,855.50
116 \$130,855.50 \$810.85 \$0.00 \$739.88 \$132,406.23
117 \$132,406.23 \$810.85 \$0.00 \$748.64 \$133,965.72
118 \$133,965.72 \$810.85 \$0.00 \$757.46 \$135,534.03
119 \$135,534.03 \$810.85 \$0.00 \$766.33 \$137,111.21
120 \$137,111.21 \$810.85 \$0.00 \$775.25 \$138,697.31
121 \$138,697.31 \$810.85 \$0.00 \$784.21 \$140,292.37
122 \$140,292.37 \$810.85 \$0.00 \$793.23 \$141,896.45
123 \$141,896.45 \$810.85 \$0.00 \$802.30 \$143,509.60
124 \$143,509.60 \$810.85 \$0.00 \$811.42 \$145,131.87
125 \$145,131.87 \$810.85 \$0.00 \$820.60 \$146,763.32
126 \$146,763.32 \$810.85 \$0.00 \$829.82 \$148,403.99
127 \$148,403.99 \$810.85 \$0.00 \$839.10 \$150,053.94
128 \$150,053.94 \$810.85 \$0.00 \$848.43 \$151,713.22
129 \$151,713.22 \$810.85 \$0.00 \$857.81 \$153,381.88
130 \$153,381.88 \$810.85 \$0.00 \$867.24 \$155,059.97
131 \$155,059.97 \$810.85 \$0.00 \$876.73 \$156,747.55
132 \$156,747.55 \$810.85 \$0.00 \$886.27 \$158,444.67
133 \$158,444.67 \$810.85 \$0.00 \$895.87 \$160,151.39
134 \$160,151.39 \$810.85 \$0.00 \$905.52 \$161,867.76
135 \$161,867.76 \$810.85 \$0.00 \$915.22 \$163,593.83
136 \$163,593.83 \$810.85 \$0.00 \$924.98 \$165,329.66
137 \$165,329.66 \$810.85 \$0.00 \$934.80 \$167,075.31
138 \$167,075.31 \$810.85 \$0.00 \$944.67 \$168,830.83
139 \$168,830.83 \$810.85 \$0.00 \$954.59 \$170,596.27
140 \$170,596.27 \$810.85 \$0.00 \$964.58 \$172,371.70
141 \$172,371.70 \$810.85 \$0.00 \$974.61 \$174,157.16
142 \$174,157.16 \$810.85 \$0.00 \$984.71 \$175,952.72
143 \$175,952.72 \$810.85 \$0.00 \$994.86 \$177,758.43
144 \$177,758.43 \$810.85 \$0.00 \$1,005.07 \$179,574.35
145 \$179,574.35 \$810.85 \$0.00 \$1,015.34 \$181,400.54
146 \$181,400.54 \$810.85 \$0.00 \$1,025.67 \$183,237.06
147 \$183,237.06 \$810.85 \$0.00 \$1,036.05 \$185,083.96
148 \$185,083.96 \$810.85 \$0.00 \$1,046.49 \$186,941.30
149 \$186,941.30 \$810.85 \$0.00 \$1,056.99 \$188,809.14
150 \$188,809.14 \$810.85 \$0.00 \$1,067.55 \$190,687.54
151 \$190,687.54 \$810.85 \$0.00 \$1,078.18 \$192,576.57
152 \$192,576.57 \$810.85 \$0.00 \$1,088.86 \$194,476.28
153 \$194,476.28 \$810.85 \$0.00 \$1,099.60 \$196,386.73
154 \$196,386.73 \$810.85 \$0.00 \$1,110.40 \$198,307.98
155 \$198,307.98 \$810.85 \$0.00 \$1,121.26 \$200,240.09
156 \$200,240.09 \$810.85 \$0.00 \$1,132.19 \$202,183.13
157 \$202,183.13 \$810.85 \$0.00 \$1,143.17 \$204,137.15
158 \$204,137.15 \$810.85 \$0.00 \$1,154.22 \$206,102.22
159 \$206,102.22 \$810.85 \$0.00 \$1,165.33 \$208,078.40
160 \$208,078.40 \$810.85 \$0.00 \$1,176.51 \$210,065.76
161 \$210,065.76 \$810.85 \$0.00 \$1,187.74 \$212,064.35
162 \$212,064.35 \$810.85 \$0.00 \$1,199.04 \$214,074.24
163 \$214,074.24 \$810.85 \$0.00 \$1,210.41 \$216,095.50
164 \$216,095.50 \$810.85 \$0.00 \$1,221.84 \$218,128.19
165 \$218,128.19 \$810.85 \$0.00 \$1,233.33 \$220,172.37
166 \$220,172.37 \$810.85 \$0.00 \$1,244.89 \$222,228.11
167 \$222,228.11 \$810.85 \$0.00 \$1,256.51 \$224,295.47
168 \$224,295.47 \$810.85 \$0.00 \$1,268.20 \$226,374.52
169 \$226,374.52 \$810.85 \$0.00 \$1,279.95 \$228,465.32
170 \$228,465.32 \$810.85 \$0.00 \$1,291.78 \$230,567.95
171 \$230,567.95 \$810.85 \$0.00 \$1,303.66 \$232,682.46
172 \$232,682.46 \$810.85 \$0.00 \$1,315.62 \$234,808.93
173 \$234,808.93 \$810.85 \$0.00 \$1,327.64 \$236,947.42
174 \$236,947.42 \$810.85 \$0.00 \$1,339.74 \$239,098.01
175 \$239,098.01 \$810.85 \$0.00 \$1,351.89 \$241,260.75
176 \$241,260.75 \$810.85 \$0.00 \$1,364.12 \$243,435.72
177 \$243,435.72 \$810.85 \$0.00 \$1,376.42 \$245,622.99
178 \$245,622.99 \$810.85 \$0.00 \$1,388.79 \$247,822.63
179 \$247,822.63 \$810.85 \$0.00 \$1,401.23 \$250,034.71
180 \$250,034.71 \$810.85 \$0.00 \$1,413.73 \$252,259.29
181 \$252,259.29 \$810.85 \$0.00 \$1,426.31 \$254,496.45
182 \$254,496.45 \$810.85 \$0.00 \$1,438.96 \$256,746.26
183 \$256,746.26 \$810.85 \$0.00 \$1,451.68 \$259,008.79
184 \$259,008.79 \$810.85 \$0.00 \$1,464.47 \$261,284.11
185 \$261,284.11 \$810.85 \$0.00 \$1,477.34 \$263,572.30
186 \$263,572.30 \$810.85 \$0.00 \$1,490.28 \$265,873.43
187 \$265,873.43 \$810.85 \$0.00 \$1,503.29 \$268,187.57
188 \$268,187.57 \$810.85 \$0.00 \$1,516.37 \$270,514.79
189 \$270,514.79 \$810.85 \$0.00 \$1,529.53 \$272,855.17
190 \$272,855.17 \$810.85 \$0.00 \$1,542.76 \$275,208.78
191 \$275,208.78 \$810.85 \$0.00 \$1,556.07 \$277,575.70
192 \$277,575.70 \$810.85 \$0.00 \$1,569.45 \$279,956.00
193 \$279,956.00 \$810.85 \$0.00 \$1,582.91 \$282,349.76
194 \$282,349.76 \$810.85 \$0.00 \$1,596.45 \$284,757.06
195 \$284,757.06 \$810.85 \$0.00 \$1,610.06 \$287,177.97
196 \$287,177.97 \$810.85 \$0.00 \$1,623.75 \$289,612.57
197 \$289,612.57 \$810.85 \$0.00 \$1,637.51 \$292,060.93
198 \$292,060.93 \$810.85 \$0.00 \$1,651.35 \$294,523.13
199 \$294,523.13 \$810.85 \$0.00 \$1,665.28 \$296,999.26
200 \$296,999.26 \$810.85 \$0.00 \$1,679.28 \$299,489.39
201 \$299,489.39 \$810.85 \$0.00 \$1,693.36 \$301,993.60
202 \$301,993.60 \$810.85 \$0.00 \$1,707.52 \$304,511.97
203 \$304,511.97 \$810.85 \$0.00 \$1,721.75 \$307,044.57
204 \$307,044.57 \$810.85 \$0.00 \$1,736.07 \$309,591.49
205 \$309,591.49 \$810.85 \$0.00 \$1,750.48 \$312,152.82
206 \$312,152.82 \$810.85 \$0.00 \$1,764.96 \$314,728.63
207 \$314,728.63 \$810.85 \$0.00 \$1,779.52 \$317,319.00
208 \$317,319.00 \$810.85 \$0.00 \$1,794.17 \$319,924.02
209 \$319,924.02 \$810.85 \$0.00 \$1,808.90 \$322,543.77
210 \$322,543.77 \$810.85 \$0.00 \$1,823.71 \$325,178.33
211 \$325,178.33 \$810.85 \$0.00 \$1,838.61 \$327,827.79
212 \$327,827.79 \$810.85 \$0.00 \$1,853.59 \$330,492.23
213 \$330,492.23 \$810.85 \$0.00 \$1,868.65 \$333,171.73
214 \$333,171.73 \$810.85 \$0.00 \$1,883.80 \$335,866.38
215 \$335,866.38 \$810.85 \$0.00 \$1,899.04 \$338,576.27
216 \$338,576.27 \$810.85 \$0.00 \$1,914.36 \$341,301.48
217 \$341,301.48 \$810.85 \$95,063.87 \$1,929.77 \$248,978.23
218 \$248,978.23 \$810.85 \$0.00 \$1,407.76 \$251,196.84
219 \$251,196.84 \$810.85 \$0.00 \$1,420.30 \$253,427.99
220 \$253,427.99 \$810.85 \$0.00 \$1,432.92 \$255,671.76
221 \$255,671.76 \$810.85 \$0.00 \$1,445.61 \$257,928.22
222 \$257,928.22 \$810.85 \$0.00 \$1,458.36 \$260,197.43
223 \$260,197.43 \$810.85 \$0.00 \$1,471.19 \$262,479.47
224 \$262,479.47 \$810.85 \$0.00 \$1,484.10 \$264,774.42
225 \$264,774.42 \$810.85 \$0.00 \$1,497.07 \$267,082.34
226 \$267,082.34 \$810.85 \$0.00 \$1,510.12 \$269,403.31
227 \$269,403.31 \$810.85 \$0.00 \$1,523.25 \$271,737.41
228 \$271,737.41 \$810.85 \$0.00 \$1,536.44 \$274,084.70
229 \$274,084.70 \$810.85 \$99,817.06 \$1,549.71 \$176,628.20
230 \$176,628.20 \$810.85 \$0.00 \$998.68 \$178,437.73
231 \$178,437.73 \$810.85 \$0.00 \$1,008.91 \$180,257.49
232 \$180,257.49 \$810.85 \$0.00 \$1,019.20 \$182,087.54
233 \$182,087.54 \$810.85 \$0.00 \$1,029.55 \$183,927.94
234 \$183,927.94 \$810.85 \$0.00 \$1,039.96 \$185,778.75
235 \$185,778.75 \$810.85 \$0.00 \$1,050.42 \$187,640.02
236 \$187,640.02 \$810.85 \$0.00 \$1,060.94 \$189,511.81
237 \$189,511.81 \$810.85 \$0.00 \$1,071.53 \$191,394.19
238 \$191,394.19 \$810.85 \$0.00 \$1,082.17 \$193,287.21
239 \$193,287.21 \$810.85 \$0.00 \$1,092.87 \$195,190.93
240 \$195,190.93 \$810.85 \$0.00 \$1,103.64 \$197,105.42
241 \$197,105.42 \$810.85 \$104,807.91 \$1,114.46 \$94,222.82
242 \$94,222.82 \$810.85 \$0.00 \$532.75 \$95,566.42
243 \$95,566.42 \$810.85 \$0.00 \$540.35 \$96,917.62
244 \$96,917.62 \$810.85 \$0.00 \$547.99 \$98,276.46
245 \$98,276.46 \$810.85 \$0.00 \$555.67 \$99,642.98
246 \$99,642.98 \$810.85 \$0.00 \$563.40 \$101,017.23
247 \$101,017.23 \$810.85 \$0.00 \$571.17 \$102,399.25
248 \$102,399.25 \$810.85 \$0.00 \$578.98 \$103,789.08
249 \$103,789.08 \$810.85 \$0.00 \$586.84 \$105,186.77
250 \$105,186.77 \$810.85 \$0.00 \$594.74 \$106,592.36
251 \$106,592.36 \$810.85 \$0.00 \$602.69 \$108,005.90
252 \$108,005.90 \$810.85 \$0.00 \$610.68 \$109,427.43
253 \$109,427.43 \$0.00 \$110,048.31 \$618.72 (\$2.16)