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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$55,150
Monthly savings required$437

How much will it cost to send your child to Louisiana Tech University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $220,598.97 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $436.55 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$21,267.00
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 $436.55 $0.00 $0.00 $436.55
2 $436.55 $436.55 $0.00 $2.47 $875.57
3 $875.57 $436.55 $0.00 $4.95 $1,317.07
4 $1,317.07 $436.55 $0.00 $7.45 $1,761.07
5 $1,761.07 $436.55 $0.00 $9.96 $2,207.58
6 $2,207.58 $436.55 $0.00 $12.48 $2,656.61
7 $2,656.61 $436.55 $0.00 $15.02 $3,108.18
8 $3,108.18 $436.55 $0.00 $17.57 $3,562.30
9 $3,562.30 $436.55 $0.00 $20.14 $4,018.99
10 $4,018.99 $436.55 $0.00 $22.72 $4,478.26
11 $4,478.26 $436.55 $0.00 $25.32 $4,940.13
12 $4,940.13 $436.55 $0.00 $27.93 $5,404.61
13 $5,404.61 $436.55 $0.00 $30.56 $5,871.72
14 $5,871.72 $436.55 $0.00 $33.20 $6,341.47
15 $6,341.47 $436.55 $0.00 $35.86 $6,813.88
16 $6,813.88 $436.55 $0.00 $38.53 $7,288.96
17 $7,288.96 $436.55 $0.00 $41.21 $7,766.72
18 $7,766.72 $436.55 $0.00 $43.91 $8,247.18
19 $8,247.18 $436.55 $0.00 $46.63 $8,730.36
20 $8,730.36 $436.55 $0.00 $49.36 $9,216.27
21 $9,216.27 $436.55 $0.00 $52.11 $9,704.93
22 $9,704.93 $436.55 $0.00 $54.87 $10,196.35
23 $10,196.35 $436.55 $0.00 $57.65 $10,690.55
24 $10,690.55 $436.55 $0.00 $60.45 $11,187.55
25 $11,187.55 $436.55 $0.00 $63.26 $11,687.36
26 $11,687.36 $436.55 $0.00 $66.08 $12,189.99
27 $12,189.99 $436.55 $0.00 $68.92 $12,695.46
28 $12,695.46 $436.55 $0.00 $71.78 $13,203.79
29 $13,203.79 $436.55 $0.00 $74.66 $13,715.00
30 $13,715.00 $436.55 $0.00 $77.55 $14,229.10
31 $14,229.10 $436.55 $0.00 $80.45 $14,746.10
32 $14,746.10 $436.55 $0.00 $83.38 $15,266.03
33 $15,266.03 $436.55 $0.00 $86.32 $15,788.90
34 $15,788.90 $436.55 $0.00 $89.27 $16,314.72
35 $16,314.72 $436.55 $0.00 $92.25 $16,843.52
36 $16,843.52 $436.55 $0.00 $95.24 $17,375.31
37 $17,375.31 $436.55 $0.00 $98.24 $17,910.10
38 $17,910.10 $436.55 $0.00 $101.27 $18,447.92
39 $18,447.92 $436.55 $0.00 $104.31 $18,988.78
40 $18,988.78 $436.55 $0.00 $107.37 $19,532.70
41 $19,532.70 $436.55 $0.00 $110.44 $20,079.69
42 $20,079.69 $436.55 $0.00 $113.53 $20,629.77
43 $20,629.77 $436.55 $0.00 $116.64 $21,182.96
44 $21,182.96 $436.55 $0.00 $119.77 $21,739.28
45 $21,739.28 $436.55 $0.00 $122.92 $22,298.75
46 $22,298.75 $436.55 $0.00 $126.08 $22,861.38
47 $22,861.38 $436.55 $0.00 $129.26 $23,427.19
48 $23,427.19 $436.55 $0.00 $132.46 $23,996.20
49 $23,996.20 $436.55 $0.00 $135.68 $24,568.43
50 $24,568.43 $436.55 $0.00 $138.91 $25,143.89
51 $25,143.89 $436.55 $0.00 $142.17 $25,722.61
52 $25,722.61 $436.55 $0.00 $145.44 $26,304.60
53 $26,304.60 $436.55 $0.00 $148.73 $26,889.88
54 $26,889.88 $436.55 $0.00 $152.04 $27,478.47
55 $27,478.47 $436.55 $0.00 $155.37 $28,070.39
56 $28,070.39 $436.55 $0.00 $158.71 $28,665.65
57 $28,665.65 $436.55 $0.00 $162.08 $29,264.28
58 $29,264.28 $436.55 $0.00 $165.46 $29,866.29
59 $29,866.29 $436.55 $0.00 $168.87 $30,471.71
60 $30,471.71 $436.55 $0.00 $172.29 $31,080.55
61 $31,080.55 $436.55 $0.00 $175.73 $31,692.83
62 $31,692.83 $436.55 $0.00 $179.20 $32,308.58
63 $32,308.58 $436.55 $0.00 $182.68 $32,927.81
64 $32,927.81 $436.55 $0.00 $186.18 $33,550.54
65 $33,550.54 $436.55 $0.00 $189.70 $34,176.79
66 $34,176.79 $436.55 $0.00 $193.24 $34,806.58
67 $34,806.58 $436.55 $0.00 $196.80 $35,439.93
68 $35,439.93 $436.55 $0.00 $200.38 $36,076.86
69 $36,076.86 $436.55 $0.00 $203.98 $36,717.39
70 $36,717.39 $436.55 $0.00 $207.61 $37,361.55
71 $37,361.55 $436.55 $0.00 $211.25 $38,009.35
72 $38,009.35 $436.55 $0.00 $214.91 $38,660.81
73 $38,660.81 $436.55 $0.00 $218.59 $39,315.95
74 $39,315.95 $436.55 $0.00 $222.30 $39,974.80
75 $39,974.80 $436.55 $0.00 $226.02 $40,637.37
76 $40,637.37 $436.55 $0.00 $229.77 $41,303.69
77 $41,303.69 $436.55 $0.00 $233.54 $41,973.78
78 $41,973.78 $436.55 $0.00 $237.33 $42,647.66
79 $42,647.66 $436.55 $0.00 $241.14 $43,325.35
80 $43,325.35 $436.55 $0.00 $244.97 $44,006.87
81 $44,006.87 $436.55 $0.00 $248.82 $44,692.24
82 $44,692.24 $436.55 $0.00 $252.70 $45,381.49
83 $45,381.49 $436.55 $0.00 $256.59 $46,074.63
84 $46,074.63 $436.55 $0.00 $260.51 $46,771.69
85 $46,771.69 $436.55 $0.00 $264.45 $47,472.69
86 $47,472.69 $436.55 $0.00 $268.42 $48,177.66
87 $48,177.66 $436.55 $0.00 $272.40 $48,886.61
88 $48,886.61 $436.55 $0.00 $276.41 $49,599.57
89 $49,599.57 $436.55 $0.00 $280.44 $50,316.56
90 $50,316.56 $436.55 $0.00 $284.50 $51,037.61
91 $51,037.61 $436.55 $0.00 $288.57 $51,762.73
92 $51,762.73 $436.55 $0.00 $292.67 $52,491.95
93 $52,491.95 $436.55 $0.00 $296.80 $53,225.30
94 $53,225.30 $436.55 $0.00 $300.94 $53,962.79
95 $53,962.79 $436.55 $0.00 $305.11 $54,704.45
96 $54,704.45 $436.55 $0.00 $309.31 $55,450.31
97 $55,450.31 $436.55 $0.00 $313.52 $56,200.38
98 $56,200.38 $436.55 $0.00 $317.77 $56,954.70
99 $56,954.70 $436.55 $0.00 $322.03 $57,713.28
100 $57,713.28 $436.55 $0.00 $326.32 $58,476.15
101 $58,476.15 $436.55 $0.00 $330.63 $59,243.33
102 $59,243.33 $436.55 $0.00 $334.97 $60,014.85
103 $60,014.85 $436.55 $0.00 $339.33 $60,790.73
104 $60,790.73 $436.55 $0.00 $343.72 $61,571.00
105 $61,571.00 $436.55 $0.00 $348.13 $62,355.68
106 $62,355.68 $436.55 $0.00 $352.57 $63,144.80
107 $63,144.80 $436.55 $0.00 $357.03 $63,938.38
108 $63,938.38 $436.55 $0.00 $361.52 $64,736.45
109 $64,736.45 $436.55 $0.00 $366.03 $65,539.03
110 $65,539.03 $436.55 $0.00 $370.57 $66,346.15
111 $66,346.15 $436.55 $0.00 $375.13 $67,157.83
112 $67,157.83 $436.55 $0.00 $379.72 $67,974.10
113 $67,974.10 $436.55 $0.00 $384.34 $68,794.99
114 $68,794.99 $436.55 $0.00 $388.98 $69,620.52
115 $69,620.52 $436.55 $0.00 $393.64 $70,450.71
116 $70,450.71 $436.55 $0.00 $398.34 $71,285.60
117 $71,285.60 $436.55 $0.00 $403.06 $72,125.21
118 $72,125.21 $436.55 $0.00 $407.81 $72,969.57
119 $72,969.57 $436.55 $0.00 $412.58 $73,818.70
120 $73,818.70 $436.55 $0.00 $417.38 $74,672.63
121 $74,672.63 $436.55 $0.00 $422.21 $75,531.39
122 $75,531.39 $436.55 $0.00 $427.07 $76,395.01
123 $76,395.01 $436.55 $0.00 $431.95 $77,263.51
124 $77,263.51 $436.55 $0.00 $436.86 $78,136.92
125 $78,136.92 $436.55 $0.00 $441.80 $79,015.27
126 $79,015.27 $436.55 $0.00 $446.76 $79,898.58
127 $79,898.58 $436.55 $0.00 $451.76 $80,786.89
128 $80,786.89 $436.55 $0.00 $456.78 $81,680.22
129 $81,680.22 $436.55 $0.00 $461.83 $82,578.60
130 $82,578.60 $436.55 $0.00 $466.91 $83,482.06
131 $83,482.06 $436.55 $0.00 $472.02 $84,390.63
132 $84,390.63 $436.55 $0.00 $477.16 $85,304.34
133 $85,304.34 $436.55 $0.00 $482.32 $86,223.21
134 $86,223.21 $436.55 $0.00 $487.52 $87,147.28
135 $87,147.28 $436.55 $0.00 $492.74 $88,076.57
136 $88,076.57 $436.55 $0.00 $498.00 $89,011.12
137 $89,011.12 $436.55 $0.00 $503.28 $89,950.95
138 $89,950.95 $436.55 $0.00 $508.60 $90,896.10
139 $90,896.10 $436.55 $0.00 $513.94 $91,846.59
140 $91,846.59 $436.55 $0.00 $519.31 $92,802.45
141 $92,802.45 $436.55 $0.00 $524.72 $93,763.72
142 $93,763.72 $436.55 $0.00 $530.15 $94,730.42
143 $94,730.42 $436.55 $0.00 $535.62 $95,702.59
144 $95,702.59 $436.55 $0.00 $541.12 $96,680.26
145 $96,680.26 $436.55 $0.00 $546.64 $97,663.45
146 $97,663.45 $436.55 $0.00 $552.20 $98,652.20
147 $98,652.20 $436.55 $0.00 $557.79 $99,646.54
148 $99,646.54 $436.55 $0.00 $563.42 $100,646.51
149 $100,646.51 $436.55 $0.00 $569.07 $101,652.13
150 $101,652.13 $436.55 $0.00 $574.76 $102,663.44
151 $102,663.44 $436.55 $0.00 $580.47 $103,680.46
152 $103,680.46 $436.55 $0.00 $586.22 $104,703.23
153 $104,703.23 $436.55 $0.00 $592.01 $105,731.79
154 $105,731.79 $436.55 $0.00 $597.82 $106,766.16
155 $106,766.16 $436.55 $0.00 $603.67 $107,806.38
156 $107,806.38 $436.55 $0.00 $609.55 $108,852.48
157 $108,852.48 $436.55 $0.00 $615.47 $109,904.50
158 $109,904.50 $436.55 $0.00 $621.42 $110,962.47
159 $110,962.47 $436.55 $0.00 $627.40 $112,026.42
160 $112,026.42 $436.55 $0.00 $633.41 $113,096.38
161 $113,096.38 $436.55 $0.00 $639.46 $114,172.39
162 $114,172.39 $436.55 $0.00 $645.55 $115,254.49
163 $115,254.49 $436.55 $0.00 $651.67 $116,342.71
164 $116,342.71 $436.55 $0.00 $657.82 $117,437.08
165 $117,437.08 $436.55 $0.00 $664.01 $118,537.64
166 $118,537.64 $436.55 $0.00 $670.23 $119,644.42
167 $119,644.42 $436.55 $0.00 $676.49 $120,757.46
168 $120,757.46 $436.55 $0.00 $682.78 $121,876.79
169 $121,876.79 $436.55 $0.00 $689.11 $123,002.45
170 $123,002.45 $436.55 $0.00 $695.47 $124,134.47
171 $124,134.47 $436.55 $0.00 $701.87 $125,272.89
172 $125,272.89 $436.55 $0.00 $708.31 $126,417.75
173 $126,417.75 $436.55 $0.00 $714.78 $127,569.08
174 $127,569.08 $436.55 $0.00 $721.29 $128,726.92
175 $128,726.92 $436.55 $0.00 $727.84 $129,891.31
176 $129,891.31 $436.55 $0.00 $734.42 $131,062.28
177 $131,062.28 $436.55 $0.00 $741.05 $132,239.88
178 $132,239.88 $436.55 $0.00 $747.70 $133,424.13
179 $133,424.13 $436.55 $0.00 $754.40 $134,615.08
180 $134,615.08 $436.55 $0.00 $761.13 $135,812.76
181 $135,812.76 $436.55 $0.00 $767.91 $137,017.22
182 $137,017.22 $436.55 $0.00 $774.72 $138,228.49
183 $138,228.49 $436.55 $0.00 $781.56 $139,446.60
184 $139,446.60 $436.55 $0.00 $788.45 $140,671.60
185 $140,671.60 $436.55 $0.00 $795.38 $141,903.53
186 $141,903.53 $436.55 $0.00 $802.34 $143,142.42
187 $143,142.42 $436.55 $0.00 $809.35 $144,388.32
188 $144,388.32 $436.55 $0.00 $816.39 $145,641.26
189 $145,641.26 $436.55 $0.00 $823.48 $146,901.29
190 $146,901.29 $436.55 $0.00 $830.60 $148,168.44
191 $148,168.44 $436.55 $0.00 $837.77 $149,442.76
192 $149,442.76 $436.55 $0.00 $844.97 $150,724.28
193 $150,724.28 $436.55 $0.00 $852.22 $152,013.05
194 $152,013.05 $436.55 $0.00 $859.50 $153,309.10
195 $153,309.10 $436.55 $0.00 $866.83 $154,612.48
196 $154,612.48 $436.55 $0.00 $874.20 $155,923.23
197 $155,923.23 $436.55 $0.00 $881.61 $157,241.39
198 $157,241.39 $436.55 $0.00 $889.07 $158,567.01
199 $158,567.01 $436.55 $0.00 $896.56 $159,900.12
200 $159,900.12 $436.55 $0.00 $904.10 $161,240.77
201 $161,240.77 $436.55 $0.00 $911.68 $162,589.00
202 $162,589.00 $436.55 $0.00 $919.30 $163,944.85
203 $163,944.85 $436.55 $0.00 $926.97 $165,308.37
204 $165,308.37 $436.55 $0.00 $934.68 $166,679.60
205 $166,679.60 $436.55 $0.00 $942.43 $168,058.58
206 $168,058.58 $436.55 $0.00 $950.23 $169,445.36
207 $169,445.36 $436.55 $0.00 $958.07 $170,839.98
208 $170,839.98 $436.55 $0.00 $965.95 $172,242.48
209 $172,242.48 $436.55 $0.00 $973.88 $173,652.91
210 $173,652.91 $436.55 $0.00 $981.86 $175,071.32
211 $175,071.32 $436.55 $0.00 $989.88 $176,497.75
212 $176,497.75 $436.55 $0.00 $997.94 $177,932.24
213 $177,932.24 $436.55 $0.00 $1,006.05 $179,374.84
214 $179,374.84 $436.55 $0.00 $1,014.21 $180,825.60
215 $180,825.60 $436.55 $0.00 $1,022.41 $182,284.56
216 $182,284.56 $436.55 $0.00 $1,030.66 $183,751.77
217 $183,751.77 $436.55 $51,181.57 $1,038.96 $134,045.71
218 $134,045.71 $436.55 $0.00 $757.91 $135,240.17
219 $135,240.17 $436.55 $0.00 $764.67 $136,441.39
220 $136,441.39 $436.55 $0.00 $771.46 $137,649.40
221 $137,649.40 $436.55 $0.00 $778.29 $138,864.24
222 $138,864.24 $436.55 $0.00 $785.16 $140,085.95
223 $140,085.95 $436.55 $0.00 $792.07 $141,314.57
224 $141,314.57 $436.55 $0.00 $799.01 $142,550.13
225 $142,550.13 $436.55 $0.00 $806.00 $143,792.68
226 $143,792.68 $436.55 $0.00 $813.02 $145,042.25
227 $145,042.25 $436.55 $0.00 $820.09 $146,298.89
228 $146,298.89 $436.55 $0.00 $827.20 $147,562.64
229 $147,562.64 $436.55 $53,740.65 $834.34 $95,092.88
230 $95,092.88 $436.55 $0.00 $537.67 $96,067.10
231 $96,067.10 $436.55 $0.00 $543.18 $97,046.83
232 $97,046.83 $436.55 $0.00 $548.72 $98,032.10
233 $98,032.10 $436.55 $0.00 $554.29 $99,022.94
234 $99,022.94 $436.55 $0.00 $559.89 $100,019.38
235 $100,019.38 $436.55 $0.00 $565.52 $101,021.45
236 $101,021.45 $436.55 $0.00 $571.19 $102,029.19
237 $102,029.19 $436.55 $0.00 $576.89 $103,042.63
238 $103,042.63 $436.55 $0.00 $582.62 $104,061.80
239 $104,061.80 $436.55 $0.00 $588.38 $105,086.73
240 $105,086.73 $436.55 $0.00 $594.18 $106,117.46
241 $106,117.46 $436.55 $56,427.68 $600.00 $50,726.33
242 $50,726.33 $436.55 $0.00 $286.81 $51,449.69
243 $51,449.69 $436.55 $0.00 $290.90 $52,177.14
244 $52,177.14 $436.55 $0.00 $295.02 $52,908.71
245 $52,908.71 $436.55 $0.00 $299.15 $53,644.41
246 $53,644.41 $436.55 $0.00 $303.31 $54,384.27
247 $54,384.27 $436.55 $0.00 $307.50 $55,128.32
248 $55,128.32 $436.55 $0.00 $311.70 $55,876.57
249 $55,876.57 $436.55 $0.00 $315.93 $56,629.05
250 $56,629.05 $436.55 $0.00 $320.19 $57,385.79
251 $57,385.79 $436.55 $0.00 $324.47 $58,146.81
252 $58,146.81 $436.55 $0.00 $328.77 $58,912.13
253 $58,912.13 $0.00 $59,249.07 $333.10 ($3.84)