Savings Plan and Future Cost Estimation for Lawrence Technological University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$142,634
Monthly savings required$1,129

How much will it cost to send your child to Lawrence Technological University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $570,536.75 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,129.07 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$55,003.00
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 $1,129.07 $0.00 $0.00 $1,129.07
2 $1,129.07 $1,129.07 $0.00 $6.38 $2,264.52
3 $2,264.52 $1,129.07 $0.00 $12.80 $3,406.39
4 $3,406.39 $1,129.07 $0.00 $19.26 $4,554.72
5 $4,554.72 $1,129.07 $0.00 $25.75 $5,709.54
6 $5,709.54 $1,129.07 $0.00 $32.28 $6,870.89
7 $6,870.89 $1,129.07 $0.00 $38.85 $8,038.81
8 $8,038.81 $1,129.07 $0.00 $45.45 $9,213.33
9 $9,213.33 $1,129.07 $0.00 $52.09 $10,394.49
10 $10,394.49 $1,129.07 $0.00 $58.77 $11,582.33
11 $11,582.33 $1,129.07 $0.00 $65.49 $12,776.89
12 $12,776.89 $1,129.07 $0.00 $72.24 $13,978.20
13 $13,978.20 $1,129.07 $0.00 $79.03 $15,186.30
14 $15,186.30 $1,129.07 $0.00 $85.87 $16,401.24
15 $16,401.24 $1,129.07 $0.00 $92.73 $17,623.04
16 $17,623.04 $1,129.07 $0.00 $99.64 $18,851.75
17 $18,851.75 $1,129.07 $0.00 $106.59 $20,087.41
18 $20,087.41 $1,129.07 $0.00 $113.58 $21,330.06
19 $21,330.06 $1,129.07 $0.00 $120.60 $22,579.73
20 $22,579.73 $1,129.07 $0.00 $127.67 $23,836.47
21 $23,836.47 $1,129.07 $0.00 $134.77 $25,100.31
22 $25,100.31 $1,129.07 $0.00 $141.92 $26,371.30
23 $26,371.30 $1,129.07 $0.00 $149.11 $27,649.48
24 $27,649.48 $1,129.07 $0.00 $156.33 $28,934.88
25 $28,934.88 $1,129.07 $0.00 $163.60 $30,227.55
26 $30,227.55 $1,129.07 $0.00 $170.91 $31,527.53
27 $31,527.53 $1,129.07 $0.00 $178.26 $32,834.86
28 $32,834.86 $1,129.07 $0.00 $185.65 $34,149.58
29 $34,149.58 $1,129.07 $0.00 $193.09 $35,471.74
30 $35,471.74 $1,129.07 $0.00 $200.56 $36,801.37
31 $36,801.37 $1,129.07 $0.00 $208.08 $38,138.52
32 $38,138.52 $1,129.07 $0.00 $215.64 $39,483.23
33 $39,483.23 $1,129.07 $0.00 $223.24 $40,835.54
34 $40,835.54 $1,129.07 $0.00 $230.89 $42,195.50
35 $42,195.50 $1,129.07 $0.00 $238.58 $43,563.15
36 $43,563.15 $1,129.07 $0.00 $246.31 $44,938.53
37 $44,938.53 $1,129.07 $0.00 $254.09 $46,321.69
38 $46,321.69 $1,129.07 $0.00 $261.91 $47,712.67
39 $47,712.67 $1,129.07 $0.00 $269.77 $49,111.51
40 $49,111.51 $1,129.07 $0.00 $277.68 $50,518.26
41 $50,518.26 $1,129.07 $0.00 $285.64 $51,932.97
42 $51,932.97 $1,129.07 $0.00 $293.64 $53,355.68
43 $53,355.68 $1,129.07 $0.00 $301.68 $54,786.43
44 $54,786.43 $1,129.07 $0.00 $309.77 $56,225.27
45 $56,225.27 $1,129.07 $0.00 $317.91 $57,672.25
46 $57,672.25 $1,129.07 $0.00 $326.09 $59,127.41
47 $59,127.41 $1,129.07 $0.00 $334.31 $60,590.79
48 $60,590.79 $1,129.07 $0.00 $342.59 $62,062.45
49 $62,062.45 $1,129.07 $0.00 $350.91 $63,542.43
50 $63,542.43 $1,129.07 $0.00 $359.28 $65,030.78
51 $65,030.78 $1,129.07 $0.00 $367.69 $66,527.54
52 $66,527.54 $1,129.07 $0.00 $376.16 $68,032.77
53 $68,032.77 $1,129.07 $0.00 $384.67 $69,546.51
54 $69,546.51 $1,129.07 $0.00 $393.23 $71,068.81
55 $71,068.81 $1,129.07 $0.00 $401.83 $72,599.71
56 $72,599.71 $1,129.07 $0.00 $410.49 $74,139.27
57 $74,139.27 $1,129.07 $0.00 $419.19 $75,687.53
58 $75,687.53 $1,129.07 $0.00 $427.95 $77,244.55
59 $77,244.55 $1,129.07 $0.00 $436.75 $78,810.37
60 $78,810.37 $1,129.07 $0.00 $445.61 $80,385.05
61 $80,385.05 $1,129.07 $0.00 $454.51 $81,968.63
62 $81,968.63 $1,129.07 $0.00 $463.46 $83,561.16
63 $83,561.16 $1,129.07 $0.00 $472.47 $85,162.70
64 $85,162.70 $1,129.07 $0.00 $481.52 $86,773.29
65 $86,773.29 $1,129.07 $0.00 $490.63 $88,392.99
66 $88,392.99 $1,129.07 $0.00 $499.79 $90,021.85
67 $90,021.85 $1,129.07 $0.00 $509.00 $91,659.92
68 $91,659.92 $1,129.07 $0.00 $518.26 $93,307.25
69 $93,307.25 $1,129.07 $0.00 $527.57 $94,963.89
70 $94,963.89 $1,129.07 $0.00 $536.94 $96,629.90
71 $96,629.90 $1,129.07 $0.00 $546.36 $98,305.33
72 $98,305.33 $1,129.07 $0.00 $555.83 $99,990.23
73 $99,990.23 $1,129.07 $0.00 $565.36 $101,684.66
74 $101,684.66 $1,129.07 $0.00 $574.94 $103,388.67
75 $103,388.67 $1,129.07 $0.00 $584.57 $105,102.31
76 $105,102.31 $1,129.07 $0.00 $594.26 $106,825.64
77 $106,825.64 $1,129.07 $0.00 $604.01 $108,558.72
78 $108,558.72 $1,129.07 $0.00 $613.81 $110,301.60
79 $110,301.60 $1,129.07 $0.00 $623.66 $112,054.33
80 $112,054.33 $1,129.07 $0.00 $633.57 $113,816.97
81 $113,816.97 $1,129.07 $0.00 $643.54 $115,589.58
82 $115,589.58 $1,129.07 $0.00 $653.56 $117,372.21
83 $117,372.21 $1,129.07 $0.00 $663.64 $119,164.92
84 $119,164.92 $1,129.07 $0.00 $673.78 $120,967.77
85 $120,967.77 $1,129.07 $0.00 $683.97 $122,780.81
86 $122,780.81 $1,129.07 $0.00 $694.22 $124,604.10
87 $124,604.10 $1,129.07 $0.00 $704.53 $126,437.70
88 $126,437.70 $1,129.07 $0.00 $714.90 $128,281.67
89 $128,281.67 $1,129.07 $0.00 $725.32 $130,136.06
90 $130,136.06 $1,129.07 $0.00 $735.81 $132,000.94
91 $132,000.94 $1,129.07 $0.00 $746.35 $133,876.36
92 $133,876.36 $1,129.07 $0.00 $756.96 $135,762.39
93 $135,762.39 $1,129.07 $0.00 $767.62 $137,659.08
94 $137,659.08 $1,129.07 $0.00 $778.34 $139,566.49
95 $139,566.49 $1,129.07 $0.00 $789.13 $141,484.69
96 $141,484.69 $1,129.07 $0.00 $799.98 $143,413.74
97 $143,413.74 $1,129.07 $0.00 $810.88 $145,353.69
98 $145,353.69 $1,129.07 $0.00 $821.85 $147,304.61
99 $147,304.61 $1,129.07 $0.00 $832.88 $149,266.56
100 $149,266.56 $1,129.07 $0.00 $843.97 $151,239.60
101 $151,239.60 $1,129.07 $0.00 $855.13 $153,223.80
102 $153,223.80 $1,129.07 $0.00 $866.35 $155,219.22
103 $155,219.22 $1,129.07 $0.00 $877.63 $157,225.92
104 $157,225.92 $1,129.07 $0.00 $888.98 $159,243.97
105 $159,243.97 $1,129.07 $0.00 $900.39 $161,273.43
106 $161,273.43 $1,129.07 $0.00 $911.86 $163,314.36
107 $163,314.36 $1,129.07 $0.00 $923.40 $165,366.83
108 $165,366.83 $1,129.07 $0.00 $935.01 $167,430.91
109 $167,430.91 $1,129.07 $0.00 $946.68 $169,506.66
110 $169,506.66 $1,129.07 $0.00 $958.42 $171,594.15
111 $171,594.15 $1,129.07 $0.00 $970.22 $173,693.44
112 $173,693.44 $1,129.07 $0.00 $982.09 $175,804.60
113 $175,804.60 $1,129.07 $0.00 $994.02 $177,927.69
114 $177,927.69 $1,129.07 $0.00 $1,006.03 $180,062.79
115 $180,062.79 $1,129.07 $0.00 $1,018.10 $182,209.96
116 $182,209.96 $1,129.07 $0.00 $1,030.24 $184,369.27
117 $184,369.27 $1,129.07 $0.00 $1,042.45 $186,540.79
118 $186,540.79 $1,129.07 $0.00 $1,054.73 $188,724.59
119 $188,724.59 $1,129.07 $0.00 $1,067.08 $190,920.74
120 $190,920.74 $1,129.07 $0.00 $1,079.49 $193,129.30
121 $193,129.30 $1,129.07 $0.00 $1,091.98 $195,350.35
122 $195,350.35 $1,129.07 $0.00 $1,104.54 $197,583.96
123 $197,583.96 $1,129.07 $0.00 $1,117.17 $199,830.20
124 $199,830.20 $1,129.07 $0.00 $1,129.87 $202,089.14
125 $202,089.14 $1,129.07 $0.00 $1,142.64 $204,360.85
126 $204,360.85 $1,129.07 $0.00 $1,155.49 $206,645.41
127 $206,645.41 $1,129.07 $0.00 $1,168.40 $208,942.88
128 $208,942.88 $1,129.07 $0.00 $1,181.39 $211,253.34
129 $211,253.34 $1,129.07 $0.00 $1,194.46 $213,576.87
130 $213,576.87 $1,129.07 $0.00 $1,207.59 $215,913.53
131 $215,913.53 $1,129.07 $0.00 $1,220.81 $218,263.41
132 $218,263.41 $1,129.07 $0.00 $1,234.09 $220,626.57
133 $220,626.57 $1,129.07 $0.00 $1,247.45 $223,003.09
134 $223,003.09 $1,129.07 $0.00 $1,260.89 $225,393.05
135 $225,393.05 $1,129.07 $0.00 $1,274.41 $227,796.53
136 $227,796.53 $1,129.07 $0.00 $1,287.99 $230,213.59
137 $230,213.59 $1,129.07 $0.00 $1,301.66 $232,644.32
138 $232,644.32 $1,129.07 $0.00 $1,315.40 $235,088.79
139 $235,088.79 $1,129.07 $0.00 $1,329.23 $237,547.09
140 $237,547.09 $1,129.07 $0.00 $1,343.13 $240,019.29
141 $240,019.29 $1,129.07 $0.00 $1,357.10 $242,505.46
142 $242,505.46 $1,129.07 $0.00 $1,371.16 $245,005.69
143 $245,005.69 $1,129.07 $0.00 $1,385.30 $247,520.06
144 $247,520.06 $1,129.07 $0.00 $1,399.51 $250,048.64
145 $250,048.64 $1,129.07 $0.00 $1,413.81 $252,591.52
146 $252,591.52 $1,129.07 $0.00 $1,428.19 $255,148.78
147 $255,148.78 $1,129.07 $0.00 $1,442.65 $257,720.50
148 $257,720.50 $1,129.07 $0.00 $1,457.19 $260,306.76
149 $260,306.76 $1,129.07 $0.00 $1,471.81 $262,907.64
150 $262,907.64 $1,129.07 $0.00 $1,486.52 $265,523.23
151 $265,523.23 $1,129.07 $0.00 $1,501.31 $268,153.61
152 $268,153.61 $1,129.07 $0.00 $1,516.18 $270,798.86
153 $270,798.86 $1,129.07 $0.00 $1,531.14 $273,459.07
154 $273,459.07 $1,129.07 $0.00 $1,546.18 $276,134.32
155 $276,134.32 $1,129.07 $0.00 $1,561.30 $278,824.69
156 $278,824.69 $1,129.07 $0.00 $1,576.52 $281,530.28
157 $281,530.28 $1,129.07 $0.00 $1,591.81 $284,251.16
158 $284,251.16 $1,129.07 $0.00 $1,607.20 $286,987.43
159 $286,987.43 $1,129.07 $0.00 $1,622.67 $289,739.17
160 $289,739.17 $1,129.07 $0.00 $1,638.23 $292,506.47
161 $292,506.47 $1,129.07 $0.00 $1,653.87 $295,289.41
162 $295,289.41 $1,129.07 $0.00 $1,669.61 $298,088.09
163 $298,088.09 $1,129.07 $0.00 $1,685.43 $300,902.59
164 $300,902.59 $1,129.07 $0.00 $1,701.35 $303,733.01
165 $303,733.01 $1,129.07 $0.00 $1,717.35 $306,579.43
166 $306,579.43 $1,129.07 $0.00 $1,733.44 $309,441.94
167 $309,441.94 $1,129.07 $0.00 $1,749.63 $312,320.64
168 $312,320.64 $1,129.07 $0.00 $1,765.91 $315,215.62
169 $315,215.62 $1,129.07 $0.00 $1,782.27 $318,126.96
170 $318,126.96 $1,129.07 $0.00 $1,798.74 $321,054.77
171 $321,054.77 $1,129.07 $0.00 $1,815.29 $323,999.13
172 $323,999.13 $1,129.07 $0.00 $1,831.94 $326,960.14
173 $326,960.14 $1,129.07 $0.00 $1,848.68 $329,937.89
174 $329,937.89 $1,129.07 $0.00 $1,865.52 $332,932.48
175 $332,932.48 $1,129.07 $0.00 $1,882.45 $335,944.00
176 $335,944.00 $1,129.07 $0.00 $1,899.48 $338,972.55
177 $338,972.55 $1,129.07 $0.00 $1,916.60 $342,018.22
178 $342,018.22 $1,129.07 $0.00 $1,933.82 $345,081.11
179 $345,081.11 $1,129.07 $0.00 $1,951.14 $348,161.32
180 $348,161.32 $1,129.07 $0.00 $1,968.55 $351,258.94
181 $351,258.94 $1,129.07 $0.00 $1,986.07 $354,374.08
182 $354,374.08 $1,129.07 $0.00 $2,003.68 $357,506.83
183 $357,506.83 $1,129.07 $0.00 $2,021.40 $360,657.30
184 $360,657.30 $1,129.07 $0.00 $2,039.21 $363,825.58
185 $363,825.58 $1,129.07 $0.00 $2,057.12 $367,011.77
186 $367,011.77 $1,129.07 $0.00 $2,075.14 $370,215.98
187 $370,215.98 $1,129.07 $0.00 $2,093.25 $373,438.30
188 $373,438.30 $1,129.07 $0.00 $2,111.47 $376,678.84
189 $376,678.84 $1,129.07 $0.00 $2,129.80 $379,937.71
190 $379,937.71 $1,129.07 $0.00 $2,148.22 $383,215.00
191 $383,215.00 $1,129.07 $0.00 $2,166.75 $386,510.82
192 $386,510.82 $1,129.07 $0.00 $2,185.39 $389,825.28
193 $389,825.28 $1,129.07 $0.00 $2,204.13 $393,158.48
194 $393,158.48 $1,129.07 $0.00 $2,222.98 $396,510.53
195 $396,510.53 $1,129.07 $0.00 $2,241.93 $399,881.53
196 $399,881.53 $1,129.07 $0.00 $2,260.99 $403,271.59
197 $403,271.59 $1,129.07 $0.00 $2,280.16 $406,680.82
198 $406,680.82 $1,129.07 $0.00 $2,299.43 $410,109.32
199 $410,109.32 $1,129.07 $0.00 $2,318.82 $413,557.21
200 $413,557.21 $1,129.07 $0.00 $2,338.31 $417,024.59
201 $417,024.59 $1,129.07 $0.00 $2,357.92 $420,511.58
202 $420,511.58 $1,129.07 $0.00 $2,377.63 $424,018.28
203 $424,018.28 $1,129.07 $0.00 $2,397.46 $427,544.81
204 $427,544.81 $1,129.07 $0.00 $2,417.40 $431,091.28
205 $431,091.28 $1,129.07 $0.00 $2,437.45 $434,657.80
206 $434,657.80 $1,129.07 $0.00 $2,457.62 $438,244.49
207 $438,244.49 $1,129.07 $0.00 $2,477.90 $441,851.46
208 $441,851.46 $1,129.07 $0.00 $2,498.29 $445,478.82
209 $445,478.82 $1,129.07 $0.00 $2,518.80 $449,126.69
210 $449,126.69 $1,129.07 $0.00 $2,539.43 $452,795.19
211 $452,795.19 $1,129.07 $0.00 $2,560.17 $456,484.43
212 $456,484.43 $1,129.07 $0.00 $2,581.03 $460,194.53
213 $460,194.53 $1,129.07 $0.00 $2,602.01 $463,925.61
214 $463,925.61 $1,129.07 $0.00 $2,623.10 $467,677.78
215 $467,677.78 $1,129.07 $0.00 $2,644.32 $471,451.17
216 $471,451.17 $1,129.07 $0.00 $2,665.65 $475,245.89
217 $475,245.89 $1,129.07 $132,371.28 $2,687.11 $346,690.79
218 $346,690.79 $1,129.07 $0.00 $1,960.24 $349,780.10
219 $349,780.10 $1,129.07 $0.00 $1,977.71 $352,886.88
220 $352,886.88 $1,129.07 $0.00 $1,995.27 $356,011.22
221 $356,011.22 $1,129.07 $0.00 $2,012.94 $359,153.23
222 $359,153.23 $1,129.07 $0.00 $2,030.70 $362,313.00
223 $362,313.00 $1,129.07 $0.00 $2,048.57 $365,490.64
224 $365,490.64 $1,129.07 $0.00 $2,066.54 $368,686.25
225 $368,686.25 $1,129.07 $0.00 $2,084.61 $371,899.93
226 $371,899.93 $1,129.07 $0.00 $2,102.78 $375,131.78
227 $375,131.78 $1,129.07 $0.00 $2,121.05 $378,381.90
228 $378,381.90 $1,129.07 $0.00 $2,139.43 $381,650.40
229 $381,650.40 $1,129.07 $138,989.84 $2,157.91 $245,947.54
230 $245,947.54 $1,129.07 $0.00 $1,390.62 $248,467.23
231 $248,467.23 $1,129.07 $0.00 $1,404.87 $251,001.17
232 $251,001.17 $1,129.07 $0.00 $1,419.20 $253,549.44
233 $253,549.44 $1,129.07 $0.00 $1,433.61 $256,112.12
234 $256,112.12 $1,129.07 $0.00 $1,448.10 $258,689.29
235 $258,689.29 $1,129.07 $0.00 $1,462.67 $261,281.03
236 $261,281.03 $1,129.07 $0.00 $1,477.32 $263,887.42
237 $263,887.42 $1,129.07 $0.00 $1,492.06 $266,508.55
238 $266,508.55 $1,129.07 $0.00 $1,506.88 $269,144.50
239 $269,144.50 $1,129.07 $0.00 $1,521.78 $271,795.35
240 $271,795.35 $1,129.07 $0.00 $1,536.77 $274,461.19
241 $274,461.19 $1,129.07 $145,939.33 $1,551.84 $131,202.77
242 $131,202.77 $1,129.07 $0.00 $741.84 $133,073.68
243 $133,073.68 $1,129.07 $0.00 $752.42 $134,955.17
244 $134,955.17 $1,129.07 $0.00 $763.06 $136,847.30
245 $136,847.30 $1,129.07 $0.00 $773.75 $138,750.12
246 $138,750.12 $1,129.07 $0.00 $784.51 $140,663.70
247 $140,663.70 $1,129.07 $0.00 $795.33 $142,588.10
248 $142,588.10 $1,129.07 $0.00 $806.21 $144,523.38
249 $144,523.38 $1,129.07 $0.00 $817.16 $146,469.61
250 $146,469.61 $1,129.07 $0.00 $828.16 $148,426.84
251 $148,426.84 $1,129.07 $0.00 $839.23 $150,395.14
252 $150,395.14 $1,129.07 $0.00 $850.36 $152,374.57
253 $152,374.57 $0.00 $153,236.30 $861.55 ($0.18)