Savings Plan and Future Cost Estimation for Luther Rice University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$70,369
Monthly savings required$557

How much will it cost to send your child to Luther Rice University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $281,477.11 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $557.03 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$27,136.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

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

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $557.03 $0.00 $0.00 $557.03
2 $557.03 $557.03 $0.00 $3.15 $1,117.21
3 $1,117.21 $557.03 $0.00 $6.32 $1,680.56
4 $1,680.56 $557.03 $0.00 $9.50 $2,247.09
5 $2,247.09 $557.03 $0.00 $12.71 $2,816.83
6 $2,816.83 $557.03 $0.00 $15.93 $3,389.79
7 $3,389.79 $557.03 $0.00 $19.17 $3,965.99
8 $3,965.99 $557.03 $0.00 $22.42 $4,545.44
9 $4,545.44 $557.03 $0.00 $25.70 $5,128.17
10 $5,128.17 $557.03 $0.00 $29.00 $5,714.20
11 $5,714.20 $557.03 $0.00 $32.31 $6,303.54
12 $6,303.54 $557.03 $0.00 $35.64 $6,896.21
13 $6,896.21 $557.03 $0.00 $38.99 $7,492.23
14 $7,492.23 $557.03 $0.00 $42.36 $8,091.62
15 $8,091.62 $557.03 $0.00 $45.75 $8,694.40
16 $8,694.40 $557.03 $0.00 $49.16 $9,300.59
17 $9,300.59 $557.03 $0.00 $52.59 $9,910.21
18 $9,910.21 $557.03 $0.00 $56.03 $10,523.27
19 $10,523.27 $557.03 $0.00 $59.50 $11,139.80
20 $11,139.80 $557.03 $0.00 $62.99 $11,759.82
21 $11,759.82 $557.03 $0.00 $66.49 $12,383.34
22 $12,383.34 $557.03 $0.00 $70.02 $13,010.39
23 $13,010.39 $557.03 $0.00 $73.56 $13,640.98
24 $13,640.98 $557.03 $0.00 $77.13 $14,275.14
25 $14,275.14 $557.03 $0.00 $80.71 $14,912.88
26 $14,912.88 $557.03 $0.00 $84.32 $15,554.23
27 $15,554.23 $557.03 $0.00 $87.95 $16,199.21
28 $16,199.21 $557.03 $0.00 $91.59 $16,847.83
29 $16,847.83 $557.03 $0.00 $95.26 $17,500.12
30 $17,500.12 $557.03 $0.00 $98.95 $18,156.10
31 $18,156.10 $557.03 $0.00 $102.66 $18,815.79
32 $18,815.79 $557.03 $0.00 $106.39 $19,479.21
33 $19,479.21 $557.03 $0.00 $110.14 $20,146.38
34 $20,146.38 $557.03 $0.00 $113.91 $20,817.32
35 $20,817.32 $557.03 $0.00 $117.70 $21,492.05
36 $21,492.05 $557.03 $0.00 $121.52 $22,170.60
37 $22,170.60 $557.03 $0.00 $125.36 $22,852.99
38 $22,852.99 $557.03 $0.00 $129.21 $23,539.23
39 $23,539.23 $557.03 $0.00 $133.09 $24,229.35
40 $24,229.35 $557.03 $0.00 $137.00 $24,923.38
41 $24,923.38 $557.03 $0.00 $140.92 $25,621.33
42 $25,621.33 $557.03 $0.00 $144.87 $26,323.23
43 $26,323.23 $557.03 $0.00 $148.84 $27,029.10
44 $27,029.10 $557.03 $0.00 $152.83 $27,738.96
45 $27,738.96 $557.03 $0.00 $156.84 $28,452.83
46 $28,452.83 $557.03 $0.00 $160.88 $29,170.74
47 $29,170.74 $557.03 $0.00 $164.94 $29,892.71
48 $29,892.71 $557.03 $0.00 $169.02 $30,618.76
49 $30,618.76 $557.03 $0.00 $173.12 $31,348.91
50 $31,348.91 $557.03 $0.00 $177.25 $32,083.19
51 $32,083.19 $557.03 $0.00 $181.40 $32,821.62
52 $32,821.62 $557.03 $0.00 $185.58 $33,564.23
53 $33,564.23 $557.03 $0.00 $189.78 $34,311.04
54 $34,311.04 $557.03 $0.00 $194.00 $35,062.07
55 $35,062.07 $557.03 $0.00 $198.25 $35,817.35
56 $35,817.35 $557.03 $0.00 $202.52 $36,576.90
57 $36,576.90 $557.03 $0.00 $206.81 $37,340.74
58 $37,340.74 $557.03 $0.00 $211.13 $38,108.90
59 $38,108.90 $557.03 $0.00 $215.47 $38,881.40
60 $38,881.40 $557.03 $0.00 $219.84 $39,658.27
61 $39,658.27 $557.03 $0.00 $224.23 $40,439.53
62 $40,439.53 $557.03 $0.00 $228.65 $41,225.21
63 $41,225.21 $557.03 $0.00 $233.09 $42,015.33
64 $42,015.33 $557.03 $0.00 $237.56 $42,809.92
65 $42,809.92 $557.03 $0.00 $242.05 $43,609.00
66 $43,609.00 $557.03 $0.00 $246.57 $44,412.60
67 $44,412.60 $557.03 $0.00 $251.12 $45,220.75
68 $45,220.75 $557.03 $0.00 $255.68 $46,033.46
69 $46,033.46 $557.03 $0.00 $260.28 $46,850.77
70 $46,850.77 $557.03 $0.00 $264.90 $47,672.70
71 $47,672.70 $557.03 $0.00 $269.55 $48,499.28
72 $48,499.28 $557.03 $0.00 $274.22 $49,330.53
73 $49,330.53 $557.03 $0.00 $278.92 $50,166.48
74 $50,166.48 $557.03 $0.00 $283.65 $51,007.16
75 $51,007.16 $557.03 $0.00 $288.40 $51,852.59
76 $51,852.59 $557.03 $0.00 $293.18 $52,702.80
77 $52,702.80 $557.03 $0.00 $297.99 $53,557.82
78 $53,557.82 $557.03 $0.00 $302.82 $54,417.67
79 $54,417.67 $557.03 $0.00 $307.69 $55,282.39
80 $55,282.39 $557.03 $0.00 $312.57 $56,151.99
81 $56,151.99 $557.03 $0.00 $317.49 $57,026.51
82 $57,026.51 $557.03 $0.00 $322.44 $57,905.98
83 $57,905.98 $557.03 $0.00 $327.41 $58,790.42
84 $58,790.42 $557.03 $0.00 $332.41 $59,679.86
85 $59,679.86 $557.03 $0.00 $337.44 $60,574.33
86 $60,574.33 $557.03 $0.00 $342.50 $61,473.86
87 $61,473.86 $557.03 $0.00 $347.58 $62,378.47
88 $62,378.47 $557.03 $0.00 $352.70 $63,288.20
89 $63,288.20 $557.03 $0.00 $357.84 $64,203.07
90 $64,203.07 $557.03 $0.00 $363.01 $65,123.11
91 $65,123.11 $557.03 $0.00 $368.22 $66,048.36
92 $66,048.36 $557.03 $0.00 $373.45 $66,978.84
93 $66,978.84 $557.03 $0.00 $378.71 $67,914.58
94 $67,914.58 $557.03 $0.00 $384.00 $68,855.61
95 $68,855.61 $557.03 $0.00 $389.32 $69,801.96
96 $69,801.96 $557.03 $0.00 $394.67 $70,753.66
97 $70,753.66 $557.03 $0.00 $400.05 $71,710.74
98 $71,710.74 $557.03 $0.00 $405.46 $72,673.23
99 $72,673.23 $557.03 $0.00 $410.91 $73,641.17
100 $73,641.17 $557.03 $0.00 $416.38 $74,614.58
101 $74,614.58 $557.03 $0.00 $421.88 $75,593.49
102 $75,593.49 $557.03 $0.00 $427.42 $76,577.94
103 $76,577.94 $557.03 $0.00 $432.98 $77,567.95
104 $77,567.95 $557.03 $0.00 $438.58 $78,563.56
105 $78,563.56 $557.03 $0.00 $444.21 $79,564.80
106 $79,564.80 $557.03 $0.00 $449.87 $80,571.70
107 $80,571.70 $557.03 $0.00 $455.56 $81,584.29
108 $81,584.29 $557.03 $0.00 $461.29 $82,602.61
109 $82,602.61 $557.03 $0.00 $467.05 $83,626.69
110 $83,626.69 $557.03 $0.00 $472.84 $84,656.56
111 $84,656.56 $557.03 $0.00 $478.66 $85,692.25
112 $85,692.25 $557.03 $0.00 $484.52 $86,733.80
113 $86,733.80 $557.03 $0.00 $490.41 $87,781.24
114 $87,781.24 $557.03 $0.00 $496.33 $88,834.60
115 $88,834.60 $557.03 $0.00 $502.28 $89,893.91
116 $89,893.91 $557.03 $0.00 $508.27 $90,959.21
117 $90,959.21 $557.03 $0.00 $514.30 $92,030.54
118 $92,030.54 $557.03 $0.00 $520.35 $93,107.92
119 $93,107.92 $557.03 $0.00 $526.45 $94,191.40
120 $94,191.40 $557.03 $0.00 $532.57 $95,281.00
121 $95,281.00 $557.03 $0.00 $538.73 $96,376.76
122 $96,376.76 $557.03 $0.00 $544.93 $97,478.72
123 $97,478.72 $557.03 $0.00 $551.16 $98,586.91
124 $98,586.91 $557.03 $0.00 $557.42 $99,701.36
125 $99,701.36 $557.03 $0.00 $563.73 $100,822.12
126 $100,822.12 $557.03 $0.00 $570.06 $101,949.21
127 $101,949.21 $557.03 $0.00 $576.44 $103,082.68
128 $103,082.68 $557.03 $0.00 $582.84 $104,222.55
129 $104,222.55 $557.03 $0.00 $589.29 $105,368.87
130 $105,368.87 $557.03 $0.00 $595.77 $106,521.67
131 $106,521.67 $557.03 $0.00 $602.29 $107,680.99
132 $107,680.99 $557.03 $0.00 $608.84 $108,846.86
133 $108,846.86 $557.03 $0.00 $615.44 $110,019.33
134 $110,019.33 $557.03 $0.00 $622.07 $111,198.43
135 $111,198.43 $557.03 $0.00 $628.73 $112,384.19
136 $112,384.19 $557.03 $0.00 $635.44 $113,576.66
137 $113,576.66 $557.03 $0.00 $642.18 $114,775.87
138 $114,775.87 $557.03 $0.00 $648.96 $115,981.86
139 $115,981.86 $557.03 $0.00 $655.78 $117,194.67
140 $117,194.67 $557.03 $0.00 $662.64 $118,414.34
141 $118,414.34 $557.03 $0.00 $669.53 $119,640.90
142 $119,640.90 $557.03 $0.00 $676.47 $120,874.40
143 $120,874.40 $557.03 $0.00 $683.44 $122,114.87
144 $122,114.87 $557.03 $0.00 $690.46 $123,362.36
145 $123,362.36 $557.03 $0.00 $697.51 $124,616.90
146 $124,616.90 $557.03 $0.00 $704.60 $125,878.53
147 $125,878.53 $557.03 $0.00 $711.74 $127,147.30
148 $127,147.30 $557.03 $0.00 $718.91 $128,423.24
149 $128,423.24 $557.03 $0.00 $726.12 $129,706.39
150 $129,706.39 $557.03 $0.00 $733.38 $130,996.80
151 $130,996.80 $557.03 $0.00 $740.67 $132,294.50
152 $132,294.50 $557.03 $0.00 $748.01 $133,599.54
153 $133,599.54 $557.03 $0.00 $755.39 $134,911.96
154 $134,911.96 $557.03 $0.00 $762.81 $136,231.80
155 $136,231.80 $557.03 $0.00 $770.27 $137,559.10
156 $137,559.10 $557.03 $0.00 $777.78 $138,893.91
157 $138,893.91 $557.03 $0.00 $785.33 $140,236.27
158 $140,236.27 $557.03 $0.00 $792.92 $141,586.22
159 $141,586.22 $557.03 $0.00 $800.55 $142,943.80
160 $142,943.80 $557.03 $0.00 $808.23 $144,309.06
161 $144,309.06 $557.03 $0.00 $815.94 $145,682.03
162 $145,682.03 $557.03 $0.00 $823.71 $147,062.77
163 $147,062.77 $557.03 $0.00 $831.51 $148,451.31
164 $148,451.31 $557.03 $0.00 $839.37 $149,847.71
165 $149,847.71 $557.03 $0.00 $847.26 $151,252.00
166 $151,252.00 $557.03 $0.00 $855.20 $152,664.23
167 $152,664.23 $557.03 $0.00 $863.19 $154,084.45
168 $154,084.45 $557.03 $0.00 $871.22 $155,512.70
169 $155,512.70 $557.03 $0.00 $879.29 $156,949.02
170 $156,949.02 $557.03 $0.00 $887.41 $158,393.46
171 $158,393.46 $557.03 $0.00 $895.58 $159,846.07
172 $159,846.07 $557.03 $0.00 $903.79 $161,306.89
173 $161,306.89 $557.03 $0.00 $912.05 $162,775.97
174 $162,775.97 $557.03 $0.00 $920.36 $164,253.36
175 $164,253.36 $557.03 $0.00 $928.71 $165,739.10
176 $165,739.10 $557.03 $0.00 $937.11 $167,233.24
177 $167,233.24 $557.03 $0.00 $945.56 $168,735.83
178 $168,735.83 $557.03 $0.00 $954.06 $170,246.92
179 $170,246.92 $557.03 $0.00 $962.60 $171,766.55
180 $171,766.55 $557.03 $0.00 $971.19 $173,294.77
181 $173,294.77 $557.03 $0.00 $979.83 $174,831.63
182 $174,831.63 $557.03 $0.00 $988.52 $176,377.18
183 $176,377.18 $557.03 $0.00 $997.26 $177,931.47
184 $177,931.47 $557.03 $0.00 $1,006.05 $179,494.55
185 $179,494.55 $557.03 $0.00 $1,014.89 $181,066.47
186 $181,066.47 $557.03 $0.00 $1,023.78 $182,647.28
187 $182,647.28 $557.03 $0.00 $1,032.71 $184,237.02
188 $184,237.02 $557.03 $0.00 $1,041.70 $185,835.75
189 $185,835.75 $557.03 $0.00 $1,050.74 $187,443.52
190 $187,443.52 $557.03 $0.00 $1,059.83 $189,060.38
191 $189,060.38 $557.03 $0.00 $1,068.97 $190,686.38
192 $190,686.38 $557.03 $0.00 $1,078.17 $192,321.58
193 $192,321.58 $557.03 $0.00 $1,087.41 $193,966.02
194 $193,966.02 $557.03 $0.00 $1,096.71 $195,619.76
195 $195,619.76 $557.03 $0.00 $1,106.06 $197,282.85
196 $197,282.85 $557.03 $0.00 $1,115.47 $198,955.35
197 $198,955.35 $557.03 $0.00 $1,124.92 $200,637.30
198 $200,637.30 $557.03 $0.00 $1,134.43 $202,328.76
199 $202,328.76 $557.03 $0.00 $1,144.00 $204,029.79
200 $204,029.79 $557.03 $0.00 $1,153.61 $205,740.43
201 $205,740.43 $557.03 $0.00 $1,163.29 $207,460.75
202 $207,460.75 $557.03 $0.00 $1,173.01 $209,190.79
203 $209,190.79 $557.03 $0.00 $1,182.80 $210,930.62
204 $210,930.62 $557.03 $0.00 $1,192.63 $212,680.28
205 $212,680.28 $557.03 $0.00 $1,202.53 $214,439.84
206 $214,439.84 $557.03 $0.00 $1,212.47 $216,209.34
207 $216,209.34 $557.03 $0.00 $1,222.48 $217,988.85
208 $217,988.85 $557.03 $0.00 $1,232.54 $219,778.42
209 $219,778.42 $557.03 $0.00 $1,242.66 $221,578.11
210 $221,578.11 $557.03 $0.00 $1,252.83 $223,387.97
211 $223,387.97 $557.03 $0.00 $1,263.07 $225,208.07
212 $225,208.07 $557.03 $0.00 $1,273.36 $227,038.46
213 $227,038.46 $557.03 $0.00 $1,283.71 $228,879.20
214 $228,879.20 $557.03 $0.00 $1,294.12 $230,730.35
215 $230,730.35 $557.03 $0.00 $1,304.58 $232,591.96
216 $232,591.96 $557.03 $0.00 $1,315.11 $234,464.10
217 $234,464.10 $557.03 $65,306.02 $1,325.69 $171,040.80
218 $171,040.80 $557.03 $0.00 $967.09 $172,564.92
219 $172,564.92 $557.03 $0.00 $975.71 $174,097.66
220 $174,097.66 $557.03 $0.00 $984.37 $175,639.06
221 $175,639.06 $557.03 $0.00 $993.09 $177,189.18
222 $177,189.18 $557.03 $0.00 $1,001.85 $178,748.06
223 $178,748.06 $557.03 $0.00 $1,010.67 $180,315.76
224 $180,315.76 $557.03 $0.00 $1,019.53 $181,892.32
225 $181,892.32 $557.03 $0.00 $1,028.45 $183,477.80
226 $183,477.80 $557.03 $0.00 $1,037.41 $185,072.24
227 $185,072.24 $557.03 $0.00 $1,046.43 $186,675.70
228 $186,675.70 $557.03 $0.00 $1,055.49 $188,288.22
229 $188,288.22 $557.03 $68,571.32 $1,064.61 $121,338.54
230 $121,338.54 $557.03 $0.00 $686.07 $122,581.64
231 $122,581.64 $557.03 $0.00 $693.09 $123,831.76
232 $123,831.76 $557.03 $0.00 $700.16 $125,088.95
233 $125,088.95 $557.03 $0.00 $707.27 $126,353.25
234 $126,353.25 $557.03 $0.00 $714.42 $127,624.70
235 $127,624.70 $557.03 $0.00 $721.61 $128,903.34
236 $128,903.34 $557.03 $0.00 $728.84 $130,189.21
237 $130,189.21 $557.03 $0.00 $736.11 $131,482.35
238 $131,482.35 $557.03 $0.00 $743.42 $132,782.80
239 $132,782.80 $557.03 $0.00 $750.77 $134,090.60
240 $134,090.60 $557.03 $0.00 $758.17 $135,405.80
241 $135,405.80 $557.03 $71,999.89 $765.60 $64,728.54
242 $64,728.54 $557.03 $0.00 $365.98 $65,651.55
243 $65,651.55 $557.03 $0.00 $371.20 $66,579.78
244 $66,579.78 $557.03 $0.00 $376.45 $67,513.26
245 $67,513.26 $557.03 $0.00 $381.73 $68,452.02
246 $68,452.02 $557.03 $0.00 $387.04 $69,396.09
247 $69,396.09 $557.03 $0.00 $392.38 $70,345.50
248 $70,345.50 $557.03 $0.00 $397.74 $71,300.27
249 $71,300.27 $557.03 $0.00 $403.14 $72,260.44
250 $72,260.44 $557.03 $0.00 $408.57 $73,226.04
251 $73,226.04 $557.03 $0.00 $414.03 $74,197.10
252 $74,197.10 $557.03 $0.00 $419.52 $75,173.65
253 $75,173.65 $0.00 $75,599.88 $425.04 ($1.19)