Quantcast

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$47,624
Monthly savings required$212

How much will it cost to send your child to College of Lake County in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $95,247.49 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $211.65 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$19,306.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford College of Lake County in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $211.65 $0.00 $0.00 $211.65
2 $211.65 $211.65 $0.00 $1.20 $424.50
3 $424.50 $211.65 $0.00 $2.40 $638.55
4 $638.55 $211.65 $0.00 $3.61 $853.81
5 $853.81 $211.65 $0.00 $4.83 $1,070.29
6 $1,070.29 $211.65 $0.00 $6.05 $1,287.99
7 $1,287.99 $211.65 $0.00 $7.28 $1,506.92
8 $1,506.92 $211.65 $0.00 $8.52 $1,727.09
9 $1,727.09 $211.65 $0.00 $9.77 $1,948.51
10 $1,948.51 $211.65 $0.00 $11.02 $2,171.18
11 $2,171.18 $211.65 $0.00 $12.28 $2,395.11
12 $2,395.11 $211.65 $0.00 $13.54 $2,620.30
13 $2,620.30 $211.65 $0.00 $14.82 $2,846.77
14 $2,846.77 $211.65 $0.00 $16.10 $3,074.52
15 $3,074.52 $211.65 $0.00 $17.38 $3,303.55
16 $3,303.55 $211.65 $0.00 $18.68 $3,533.88
17 $3,533.88 $211.65 $0.00 $19.98 $3,765.51
18 $3,765.51 $211.65 $0.00 $21.29 $3,998.45
19 $3,998.45 $211.65 $0.00 $22.61 $4,232.71
20 $4,232.71 $211.65 $0.00 $23.93 $4,468.29
21 $4,468.29 $211.65 $0.00 $25.26 $4,705.20
22 $4,705.20 $211.65 $0.00 $26.60 $4,943.45
23 $4,943.45 $211.65 $0.00 $27.95 $5,183.05
24 $5,183.05 $211.65 $0.00 $29.31 $5,424.01
25 $5,424.01 $211.65 $0.00 $30.67 $5,666.33
26 $5,666.33 $211.65 $0.00 $32.04 $5,910.02
27 $5,910.02 $211.65 $0.00 $33.42 $6,155.09
28 $6,155.09 $211.65 $0.00 $34.80 $6,401.54
29 $6,401.54 $211.65 $0.00 $36.20 $6,649.39
30 $6,649.39 $211.65 $0.00 $37.60 $6,898.64
31 $6,898.64 $211.65 $0.00 $39.01 $7,149.30
32 $7,149.30 $211.65 $0.00 $40.42 $7,401.37
33 $7,401.37 $211.65 $0.00 $41.85 $7,654.87
34 $7,654.87 $211.65 $0.00 $43.28 $7,909.80
35 $7,909.80 $211.65 $0.00 $44.72 $8,166.17
36 $8,166.17 $211.65 $0.00 $46.17 $8,423.99
37 $8,423.99 $211.65 $0.00 $47.63 $8,683.27
38 $8,683.27 $211.65 $0.00 $49.10 $8,944.02
39 $8,944.02 $211.65 $0.00 $50.57 $9,206.24
40 $9,206.24 $211.65 $0.00 $52.05 $9,469.94
41 $9,469.94 $211.65 $0.00 $53.54 $9,735.13
42 $9,735.13 $211.65 $0.00 $55.04 $10,001.82
43 $10,001.82 $211.65 $0.00 $56.55 $10,270.02
44 $10,270.02 $211.65 $0.00 $58.07 $10,539.74
45 $10,539.74 $211.65 $0.00 $59.59 $10,810.98
46 $10,810.98 $211.65 $0.00 $61.13 $11,083.76
47 $11,083.76 $211.65 $0.00 $62.67 $11,358.08
48 $11,358.08 $211.65 $0.00 $64.22 $11,633.95
49 $11,633.95 $211.65 $0.00 $65.78 $11,911.38
50 $11,911.38 $211.65 $0.00 $67.35 $12,190.38
51 $12,190.38 $211.65 $0.00 $68.93 $12,470.96
52 $12,470.96 $211.65 $0.00 $70.51 $12,753.12
53 $12,753.12 $211.65 $0.00 $72.11 $13,036.88
54 $13,036.88 $211.65 $0.00 $73.71 $13,322.24
55 $13,322.24 $211.65 $0.00 $75.33 $13,609.22
56 $13,609.22 $211.65 $0.00 $76.95 $13,897.82
57 $13,897.82 $211.65 $0.00 $78.58 $14,188.05
58 $14,188.05 $211.65 $0.00 $80.22 $14,479.92
59 $14,479.92 $211.65 $0.00 $81.87 $14,773.44
60 $14,773.44 $211.65 $0.00 $83.53 $15,068.62
61 $15,068.62 $211.65 $0.00 $85.20 $15,365.47
62 $15,365.47 $211.65 $0.00 $86.88 $15,664.00
63 $15,664.00 $211.65 $0.00 $88.57 $15,964.22
64 $15,964.22 $211.65 $0.00 $90.26 $16,266.13
65 $16,266.13 $211.65 $0.00 $91.97 $16,569.75
66 $16,569.75 $211.65 $0.00 $93.69 $16,875.09
67 $16,875.09 $211.65 $0.00 $95.41 $17,182.15
68 $17,182.15 $211.65 $0.00 $97.15 $17,490.95
69 $17,490.95 $211.65 $0.00 $98.90 $17,801.50
70 $17,801.50 $211.65 $0.00 $100.65 $18,113.80
71 $18,113.80 $211.65 $0.00 $102.42 $18,427.87
72 $18,427.87 $211.65 $0.00 $104.19 $18,743.71
73 $18,743.71 $211.65 $0.00 $105.98 $19,061.34
74 $19,061.34 $211.65 $0.00 $107.78 $19,380.77
75 $19,380.77 $211.65 $0.00 $109.58 $19,702.00
76 $19,702.00 $211.65 $0.00 $111.40 $20,025.05
77 $20,025.05 $211.65 $0.00 $113.22 $20,349.92
78 $20,349.92 $211.65 $0.00 $115.06 $20,676.63
79 $20,676.63 $211.65 $0.00 $116.91 $21,005.19
80 $21,005.19 $211.65 $0.00 $118.77 $21,335.61
81 $21,335.61 $211.65 $0.00 $120.63 $21,667.89
82 $21,667.89 $211.65 $0.00 $122.51 $22,002.05
83 $22,002.05 $211.65 $0.00 $124.40 $22,338.10
84 $22,338.10 $211.65 $0.00 $126.30 $22,676.05
85 $22,676.05 $211.65 $0.00 $128.21 $23,015.91
86 $23,015.91 $211.65 $0.00 $130.14 $23,357.70
87 $23,357.70 $211.65 $0.00 $132.07 $23,701.42
88 $23,701.42 $211.65 $0.00 $134.01 $24,047.08
89 $24,047.08 $211.65 $0.00 $135.97 $24,394.70
90 $24,394.70 $211.65 $0.00 $137.93 $24,744.28
91 $24,744.28 $211.65 $0.00 $139.91 $25,095.84
92 $25,095.84 $211.65 $0.00 $141.90 $25,449.39
93 $25,449.39 $211.65 $0.00 $143.89 $25,804.93
94 $25,804.93 $211.65 $0.00 $145.90 $26,162.48
95 $26,162.48 $211.65 $0.00 $147.93 $26,522.06
96 $26,522.06 $211.65 $0.00 $149.96 $26,883.67
97 $26,883.67 $211.65 $0.00 $152.00 $27,247.32
98 $27,247.32 $211.65 $0.00 $154.06 $27,613.03
99 $27,613.03 $211.65 $0.00 $156.13 $27,980.81
100 $27,980.81 $211.65 $0.00 $158.21 $28,350.67
101 $28,350.67 $211.65 $0.00 $160.30 $28,722.62
102 $28,722.62 $211.65 $0.00 $162.40 $29,096.67
103 $29,096.67 $211.65 $0.00 $164.52 $29,472.84
104 $29,472.84 $211.65 $0.00 $166.64 $29,851.13
105 $29,851.13 $211.65 $0.00 $168.78 $30,231.56
106 $30,231.56 $211.65 $0.00 $170.93 $30,614.14
107 $30,614.14 $211.65 $0.00 $173.10 $30,998.89
108 $30,998.89 $211.65 $0.00 $175.27 $31,385.81
109 $31,385.81 $211.65 $0.00 $177.46 $31,774.92
110 $31,774.92 $211.65 $0.00 $179.66 $32,166.23
111 $32,166.23 $211.65 $0.00 $181.87 $32,559.75
112 $32,559.75 $211.65 $0.00 $184.10 $32,955.50
113 $32,955.50 $211.65 $0.00 $186.34 $33,353.49
114 $33,353.49 $211.65 $0.00 $188.59 $33,753.73
115 $33,753.73 $211.65 $0.00 $190.85 $34,156.23
116 $34,156.23 $211.65 $0.00 $193.12 $34,561.00
117 $34,561.00 $211.65 $0.00 $195.41 $34,968.06
118 $34,968.06 $211.65 $0.00 $197.71 $35,377.42
119 $35,377.42 $211.65 $0.00 $200.03 $35,789.10
120 $35,789.10 $211.65 $0.00 $202.36 $36,203.11
121 $36,203.11 $211.65 $0.00 $204.70 $36,619.46
122 $36,619.46 $211.65 $0.00 $207.05 $37,038.16
123 $37,038.16 $211.65 $0.00 $209.42 $37,459.23
124 $37,459.23 $211.65 $0.00 $211.80 $37,882.68
125 $37,882.68 $211.65 $0.00 $214.19 $38,308.52
126 $38,308.52 $211.65 $0.00 $216.60 $38,736.77
127 $38,736.77 $211.65 $0.00 $219.02 $39,167.44
128 $39,167.44 $211.65 $0.00 $221.46 $39,600.55
129 $39,600.55 $211.65 $0.00 $223.91 $40,036.11
130 $40,036.11 $211.65 $0.00 $226.37 $40,474.13
131 $40,474.13 $211.65 $0.00 $228.85 $40,914.63
132 $40,914.63 $211.65 $0.00 $231.34 $41,357.62
133 $41,357.62 $211.65 $0.00 $233.84 $41,803.11
134 $41,803.11 $211.65 $0.00 $236.36 $42,251.12
135 $42,251.12 $211.65 $0.00 $238.89 $42,701.66
136 $42,701.66 $211.65 $0.00 $241.44 $43,154.75
137 $43,154.75 $211.65 $0.00 $244.00 $43,610.40
138 $43,610.40 $211.65 $0.00 $246.58 $44,068.63
139 $44,068.63 $211.65 $0.00 $249.17 $44,529.45
140 $44,529.45 $211.65 $0.00 $251.78 $44,992.88
141 $44,992.88 $211.65 $0.00 $254.40 $45,458.93
142 $45,458.93 $211.65 $0.00 $257.03 $45,927.61
143 $45,927.61 $211.65 $0.00 $259.68 $46,398.94
144 $46,398.94 $211.65 $0.00 $262.35 $46,872.94
145 $46,872.94 $211.65 $0.00 $265.03 $47,349.62
146 $47,349.62 $211.65 $0.00 $267.72 $47,828.99
147 $47,828.99 $211.65 $0.00 $270.43 $48,311.07
148 $48,311.07 $211.65 $0.00 $273.16 $48,795.88
149 $48,795.88 $211.65 $0.00 $275.90 $49,283.43
150 $49,283.43 $211.65 $0.00 $278.66 $49,773.74
151 $49,773.74 $211.65 $0.00 $281.43 $50,266.82
152 $50,266.82 $211.65 $0.00 $284.22 $50,762.69
153 $50,762.69 $211.65 $0.00 $287.02 $51,261.36
154 $51,261.36 $211.65 $0.00 $289.84 $51,762.85
155 $51,762.85 $211.65 $0.00 $292.67 $52,267.17
156 $52,267.17 $211.65 $0.00 $295.53 $52,774.35
157 $52,774.35 $211.65 $0.00 $298.39 $53,284.39
158 $53,284.39 $211.65 $0.00 $301.28 $53,797.32
159 $53,797.32 $211.65 $0.00 $304.18 $54,313.15
160 $54,313.15 $211.65 $0.00 $307.09 $54,831.89
161 $54,831.89 $211.65 $0.00 $310.03 $55,353.57
162 $55,353.57 $211.65 $0.00 $312.98 $55,878.20
163 $55,878.20 $211.65 $0.00 $315.94 $56,405.79
164 $56,405.79 $211.65 $0.00 $318.93 $56,936.37
165 $56,936.37 $211.65 $0.00 $321.93 $57,469.95
166 $57,469.95 $211.65 $0.00 $324.94 $58,006.54
167 $58,006.54 $211.65 $0.00 $327.98 $58,546.17
168 $58,546.17 $211.65 $0.00 $331.03 $59,088.85
169 $59,088.85 $211.65 $0.00 $334.10 $59,634.60
170 $59,634.60 $211.65 $0.00 $337.18 $60,183.43
171 $60,183.43 $211.65 $0.00 $340.29 $60,735.37
172 $60,735.37 $211.65 $0.00 $343.41 $61,290.43
173 $61,290.43 $211.65 $0.00 $346.55 $61,848.63
174 $61,848.63 $211.65 $0.00 $349.70 $62,409.98
175 $62,409.98 $211.65 $0.00 $352.88 $62,974.51
176 $62,974.51 $211.65 $0.00 $356.07 $63,542.23
177 $63,542.23 $211.65 $0.00 $359.28 $64,113.16
178 $64,113.16 $211.65 $0.00 $362.51 $64,687.32
179 $64,687.32 $211.65 $0.00 $365.75 $65,264.72
180 $65,264.72 $211.65 $0.00 $369.02 $65,845.39
181 $65,845.39 $211.65 $0.00 $372.30 $66,429.34
182 $66,429.34 $211.65 $0.00 $375.60 $67,016.59
183 $67,016.59 $211.65 $0.00 $378.92 $67,607.16
184 $67,607.16 $211.65 $0.00 $382.26 $68,201.07
185 $68,201.07 $211.65 $0.00 $385.62 $68,798.34
186 $68,798.34 $211.65 $0.00 $389.00 $69,398.99
187 $69,398.99 $211.65 $0.00 $392.39 $70,003.03
188 $70,003.03 $211.65 $0.00 $395.81 $70,610.49
189 $70,610.49 $211.65 $0.00 $399.24 $71,221.38
190 $71,221.38 $211.65 $0.00 $402.70 $71,835.73
191 $71,835.73 $211.65 $0.00 $406.17 $72,453.55
192 $72,453.55 $211.65 $0.00 $409.66 $73,074.86
193 $73,074.86 $211.65 $0.00 $413.18 $73,699.69
194 $73,699.69 $211.65 $0.00 $416.71 $74,328.05
195 $74,328.05 $211.65 $0.00 $420.26 $74,959.96
196 $74,959.96 $211.65 $0.00 $423.83 $75,595.44
197 $75,595.44 $211.65 $0.00 $427.43 $76,234.52
198 $76,234.52 $211.65 $0.00 $431.04 $76,877.21
199 $76,877.21 $211.65 $0.00 $434.67 $77,523.53
200 $77,523.53 $211.65 $0.00 $438.33 $78,173.51
201 $78,173.51 $211.65 $0.00 $442.00 $78,827.16
202 $78,827.16 $211.65 $0.00 $445.70 $79,484.51
203 $79,484.51 $211.65 $0.00 $449.42 $80,145.58
204 $80,145.58 $211.65 $0.00 $453.15 $80,810.38
205 $80,810.38 $211.65 $0.00 $456.91 $81,478.94
206 $81,478.94 $211.65 $0.00 $460.69 $82,151.28
207 $82,151.28 $211.65 $0.00 $464.50 $82,827.43
208 $82,827.43 $211.65 $0.00 $468.32 $83,507.40
209 $83,507.40 $211.65 $0.00 $472.16 $84,191.21
210 $84,191.21 $211.65 $0.00 $476.03 $84,878.89
211 $84,878.89 $211.65 $0.00 $479.92 $85,570.46
212 $85,570.46 $211.65 $0.00 $483.83 $86,265.94
213 $86,265.94 $211.65 $0.00 $487.76 $86,965.35
214 $86,965.35 $211.65 $0.00 $491.71 $87,668.71
215 $87,668.71 $211.65 $0.00 $495.69 $88,376.05
216 $88,376.05 $211.65 $0.00 $499.69 $89,087.39
217 $89,087.39 $211.65 $46,462.19 $503.71 $43,340.56
218 $43,340.56 $211.65 $0.00 $245.05 $43,797.26
219 $43,797.26 $211.65 $0.00 $247.64 $44,256.55
220 $44,256.55 $211.65 $0.00 $250.23 $44,718.43
221 $44,718.43 $211.65 $0.00 $252.84 $45,182.92
222 $45,182.92 $211.65 $0.00 $255.47 $45,650.04
223 $45,650.04 $211.65 $0.00 $258.11 $46,119.80
224 $46,119.80 $211.65 $0.00 $260.77 $46,592.22
225 $46,592.22 $211.65 $0.00 $263.44 $47,067.31
226 $47,067.31 $211.65 $0.00 $266.13 $47,545.09
227 $47,545.09 $211.65 $0.00 $268.83 $48,025.57
228 $48,025.57 $211.65 $0.00 $271.54 $48,508.76
229 $48,508.76 $0.00 $48,785.30 $274.28 ($2.26)