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 2039$134,447
Monthly savings required$1,064

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 $537,789.73 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,064.27 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$51,846.00
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 $1,064.27 $0.00 $0.00 $1,064.27
2 $1,064.27 $1,064.27 $0.00 $6.02 $2,134.56
3 $2,134.56 $1,064.27 $0.00 $12.07 $3,210.90
4 $3,210.90 $1,064.27 $0.00 $18.15 $4,293.32
5 $4,293.32 $1,064.27 $0.00 $24.28 $5,381.87
6 $5,381.87 $1,064.27 $0.00 $30.43 $6,476.57
7 $6,476.57 $1,064.27 $0.00 $36.62 $7,577.46
8 $7,577.46 $1,064.27 $0.00 $42.84 $8,684.57
9 $8,684.57 $1,064.27 $0.00 $49.10 $9,797.94
10 $9,797.94 $1,064.27 $0.00 $55.40 $10,917.61
11 $10,917.61 $1,064.27 $0.00 $61.73 $12,043.61
12 $12,043.61 $1,064.27 $0.00 $68.10 $13,175.98
13 $13,175.98 $1,064.27 $0.00 $74.50 $14,314.75
14 $14,314.75 $1,064.27 $0.00 $80.94 $15,459.96
15 $15,459.96 $1,064.27 $0.00 $87.41 $16,611.64
16 $16,611.64 $1,064.27 $0.00 $93.92 $17,769.83
17 $17,769.83 $1,064.27 $0.00 $100.47 $18,934.57
18 $18,934.57 $1,064.27 $0.00 $107.06 $20,105.90
19 $20,105.90 $1,064.27 $0.00 $113.68 $21,283.85
20 $21,283.85 $1,064.27 $0.00 $120.34 $22,468.46
21 $22,468.46 $1,064.27 $0.00 $127.04 $23,659.77
22 $23,659.77 $1,064.27 $0.00 $133.78 $24,857.82
23 $24,857.82 $1,064.27 $0.00 $140.55 $26,062.64
24 $26,062.64 $1,064.27 $0.00 $147.36 $27,274.27
25 $27,274.27 $1,064.27 $0.00 $154.21 $28,492.75
26 $28,492.75 $1,064.27 $0.00 $161.10 $29,718.12
27 $29,718.12 $1,064.27 $0.00 $168.03 $30,950.42
28 $30,950.42 $1,064.27 $0.00 $175.00 $32,189.69
29 $32,189.69 $1,064.27 $0.00 $182.01 $33,435.97
30 $33,435.97 $1,064.27 $0.00 $189.05 $34,689.29
31 $34,689.29 $1,064.27 $0.00 $196.14 $35,949.70
32 $35,949.70 $1,064.27 $0.00 $203.26 $37,217.23
33 $37,217.23 $1,064.27 $0.00 $210.43 $38,491.93
34 $38,491.93 $1,064.27 $0.00 $217.64 $39,773.84
35 $39,773.84 $1,064.27 $0.00 $224.89 $41,063.00
36 $41,063.00 $1,064.27 $0.00 $232.18 $42,359.45
37 $42,359.45 $1,064.27 $0.00 $239.51 $43,663.23
38 $43,663.23 $1,064.27 $0.00 $246.88 $44,974.38
39 $44,974.38 $1,064.27 $0.00 $254.29 $46,292.94
40 $46,292.94 $1,064.27 $0.00 $261.75 $47,618.96
41 $47,618.96 $1,064.27 $0.00 $269.24 $48,952.47
42 $48,952.47 $1,064.27 $0.00 $276.78 $50,293.52
43 $50,293.52 $1,064.27 $0.00 $284.37 $51,642.16
44 $51,642.16 $1,064.27 $0.00 $291.99 $52,998.42
45 $52,998.42 $1,064.27 $0.00 $299.66 $54,362.35
46 $54,362.35 $1,064.27 $0.00 $307.37 $55,733.99
47 $55,733.99 $1,064.27 $0.00 $315.13 $57,113.39
48 $57,113.39 $1,064.27 $0.00 $322.93 $58,500.59
49 $58,500.59 $1,064.27 $0.00 $330.77 $59,895.63
50 $59,895.63 $1,064.27 $0.00 $338.66 $61,298.56
51 $61,298.56 $1,064.27 $0.00 $346.59 $62,709.42
52 $62,709.42 $1,064.27 $0.00 $354.57 $64,128.26
53 $64,128.26 $1,064.27 $0.00 $362.59 $65,555.12
54 $65,555.12 $1,064.27 $0.00 $370.66 $66,990.05
55 $66,990.05 $1,064.27 $0.00 $378.77 $68,433.09
56 $68,433.09 $1,064.27 $0.00 $386.93 $69,884.29
57 $69,884.29 $1,064.27 $0.00 $395.14 $71,343.70
58 $71,343.70 $1,064.27 $0.00 $403.39 $72,811.36
59 $72,811.36 $1,064.27 $0.00 $411.69 $74,287.32
60 $74,287.32 $1,064.27 $0.00 $420.03 $75,771.62
61 $75,771.62 $1,064.27 $0.00 $428.42 $77,264.31
62 $77,264.31 $1,064.27 $0.00 $436.86 $78,765.44
63 $78,765.44 $1,064.27 $0.00 $445.35 $80,275.06
64 $80,275.06 $1,064.27 $0.00 $453.89 $81,793.22
65 $81,793.22 $1,064.27 $0.00 $462.47 $83,319.96
66 $83,319.96 $1,064.27 $0.00 $471.10 $84,855.33
67 $84,855.33 $1,064.27 $0.00 $479.78 $86,399.38
68 $86,399.38 $1,064.27 $0.00 $488.51 $87,952.16
69 $87,952.16 $1,064.27 $0.00 $497.29 $89,513.72
70 $89,513.72 $1,064.27 $0.00 $506.12 $91,084.11
71 $91,084.11 $1,064.27 $0.00 $515.00 $92,663.38
72 $92,663.38 $1,064.27 $0.00 $523.93 $94,251.58
73 $94,251.58 $1,064.27 $0.00 $532.91 $95,848.76
74 $95,848.76 $1,064.27 $0.00 $541.94 $97,454.97
75 $97,454.97 $1,064.27 $0.00 $551.02 $99,070.26
76 $99,070.26 $1,064.27 $0.00 $560.16 $100,694.69
77 $100,694.69 $1,064.27 $0.00 $569.34 $102,328.30
78 $102,328.30 $1,064.27 $0.00 $578.58 $103,971.15
79 $103,971.15 $1,064.27 $0.00 $587.87 $105,623.29
80 $105,623.29 $1,064.27 $0.00 $597.21 $107,284.77
81 $107,284.77 $1,064.27 $0.00 $606.60 $108,955.64
82 $108,955.64 $1,064.27 $0.00 $616.05 $110,635.96
83 $110,635.96 $1,064.27 $0.00 $625.55 $112,325.78
84 $112,325.78 $1,064.27 $0.00 $635.11 $114,025.16
85 $114,025.16 $1,064.27 $0.00 $644.71 $115,734.14
86 $115,734.14 $1,064.27 $0.00 $654.38 $117,452.79
87 $117,452.79 $1,064.27 $0.00 $664.10 $119,181.16
88 $119,181.16 $1,064.27 $0.00 $673.87 $120,919.30
89 $120,919.30 $1,064.27 $0.00 $683.70 $122,667.27
90 $122,667.27 $1,064.27 $0.00 $693.58 $124,425.12
91 $124,425.12 $1,064.27 $0.00 $703.52 $126,192.91
92 $126,192.91 $1,064.27 $0.00 $713.51 $127,970.69
93 $127,970.69 $1,064.27 $0.00 $723.56 $129,758.52
94 $129,758.52 $1,064.27 $0.00 $733.67 $131,556.46
95 $131,556.46 $1,064.27 $0.00 $743.84 $133,364.57
96 $133,364.57 $1,064.27 $0.00 $754.06 $135,182.90
97 $135,182.90 $1,064.27 $0.00 $764.34 $137,011.51
98 $137,011.51 $1,064.27 $0.00 $774.68 $138,850.46
99 $138,850.46 $1,064.27 $0.00 $785.08 $140,699.81
100 $140,699.81 $1,064.27 $0.00 $795.54 $142,559.62
101 $142,559.62 $1,064.27 $0.00 $806.05 $144,429.94
102 $144,429.94 $1,064.27 $0.00 $816.63 $146,310.84
103 $146,310.84 $1,064.27 $0.00 $827.26 $148,202.37
104 $148,202.37 $1,064.27 $0.00 $837.96 $150,104.60
105 $150,104.60 $1,064.27 $0.00 $848.71 $152,017.58
106 $152,017.58 $1,064.27 $0.00 $859.53 $153,941.38
107 $153,941.38 $1,064.27 $0.00 $870.41 $155,876.06
108 $155,876.06 $1,064.27 $0.00 $881.35 $157,821.68
109 $157,821.68 $1,064.27 $0.00 $892.35 $159,778.30
110 $159,778.30 $1,064.27 $0.00 $903.41 $161,745.98
111 $161,745.98 $1,064.27 $0.00 $914.54 $163,724.79
112 $163,724.79 $1,064.27 $0.00 $925.72 $165,714.78
113 $165,714.78 $1,064.27 $0.00 $936.98 $167,716.03
114 $167,716.03 $1,064.27 $0.00 $948.29 $169,728.59
115 $169,728.59 $1,064.27 $0.00 $959.67 $171,752.53
116 $171,752.53 $1,064.27 $0.00 $971.11 $173,787.91
117 $173,787.91 $1,064.27 $0.00 $982.62 $175,834.80
118 $175,834.80 $1,064.27 $0.00 $994.20 $177,893.27
119 $177,893.27 $1,064.27 $0.00 $1,005.83 $179,963.37
120 $179,963.37 $1,064.27 $0.00 $1,017.54 $182,045.18
121 $182,045.18 $1,064.27 $0.00 $1,029.31 $184,138.76
122 $184,138.76 $1,064.27 $0.00 $1,041.15 $186,244.18
123 $186,244.18 $1,064.27 $0.00 $1,053.05 $188,361.50
124 $188,361.50 $1,064.27 $0.00 $1,065.02 $190,490.79
125 $190,490.79 $1,064.27 $0.00 $1,077.06 $192,632.12
126 $192,632.12 $1,064.27 $0.00 $1,089.17 $194,785.56
127 $194,785.56 $1,064.27 $0.00 $1,101.35 $196,951.18
128 $196,951.18 $1,064.27 $0.00 $1,113.59 $199,129.04
129 $199,129.04 $1,064.27 $0.00 $1,125.90 $201,319.21
130 $201,319.21 $1,064.27 $0.00 $1,138.29 $203,521.77
131 $203,521.77 $1,064.27 $0.00 $1,150.74 $205,736.78
132 $205,736.78 $1,064.27 $0.00 $1,163.27 $207,964.32
133 $207,964.32 $1,064.27 $0.00 $1,175.86 $210,204.45
134 $210,204.45 $1,064.27 $0.00 $1,188.53 $212,457.25
135 $212,457.25 $1,064.27 $0.00 $1,201.26 $214,722.78
136 $214,722.78 $1,064.27 $0.00 $1,214.07 $217,001.12
137 $217,001.12 $1,064.27 $0.00 $1,226.96 $219,292.35
138 $219,292.35 $1,064.27 $0.00 $1,239.91 $221,596.53
139 $221,596.53 $1,064.27 $0.00 $1,252.94 $223,913.74
140 $223,913.74 $1,064.27 $0.00 $1,266.04 $226,244.05
141 $226,244.05 $1,064.27 $0.00 $1,279.22 $228,587.54
142 $228,587.54 $1,064.27 $0.00 $1,292.47 $230,944.28
143 $230,944.28 $1,064.27 $0.00 $1,305.79 $233,314.34
144 $233,314.34 $1,064.27 $0.00 $1,319.19 $235,697.80
145 $235,697.80 $1,064.27 $0.00 $1,332.67 $238,094.74
146 $238,094.74 $1,064.27 $0.00 $1,346.22 $240,505.23
147 $240,505.23 $1,064.27 $0.00 $1,359.85 $242,929.35
148 $242,929.35 $1,064.27 $0.00 $1,373.56 $245,367.18
149 $245,367.18 $1,064.27 $0.00 $1,387.34 $247,818.79
150 $247,818.79 $1,064.27 $0.00 $1,401.20 $250,284.26
151 $250,284.26 $1,064.27 $0.00 $1,415.14 $252,763.67
152 $252,763.67 $1,064.27 $0.00 $1,429.16 $255,257.10
153 $255,257.10 $1,064.27 $0.00 $1,443.26 $257,764.63
154 $257,764.63 $1,064.27 $0.00 $1,457.44 $260,286.34
155 $260,286.34 $1,064.27 $0.00 $1,471.70 $262,822.31
156 $262,822.31 $1,064.27 $0.00 $1,486.04 $265,372.62
157 $265,372.62 $1,064.27 $0.00 $1,500.46 $267,937.35
158 $267,937.35 $1,064.27 $0.00 $1,514.96 $270,516.58
159 $270,516.58 $1,064.27 $0.00 $1,529.54 $273,110.39
160 $273,110.39 $1,064.27 $0.00 $1,544.21 $275,718.87
161 $275,718.87 $1,064.27 $0.00 $1,558.95 $278,342.09
162 $278,342.09 $1,064.27 $0.00 $1,573.79 $280,980.15
163 $280,980.15 $1,064.27 $0.00 $1,588.70 $283,633.12
164 $283,633.12 $1,064.27 $0.00 $1,603.70 $286,301.09
165 $286,301.09 $1,064.27 $0.00 $1,618.79 $288,984.15
166 $288,984.15 $1,064.27 $0.00 $1,633.96 $291,682.38
167 $291,682.38 $1,064.27 $0.00 $1,649.21 $294,395.86
168 $294,395.86 $1,064.27 $0.00 $1,664.56 $297,124.69
169 $297,124.69 $1,064.27 $0.00 $1,679.99 $299,868.95
170 $299,868.95 $1,064.27 $0.00 $1,695.50 $302,628.72
171 $302,628.72 $1,064.27 $0.00 $1,711.11 $305,404.10
172 $305,404.10 $1,064.27 $0.00 $1,726.80 $308,195.17
173 $308,195.17 $1,064.27 $0.00 $1,742.58 $311,002.02
174 $311,002.02 $1,064.27 $0.00 $1,758.45 $313,824.74
175 $313,824.74 $1,064.27 $0.00 $1,774.41 $316,663.42
176 $316,663.42 $1,064.27 $0.00 $1,790.46 $319,518.15
177 $319,518.15 $1,064.27 $0.00 $1,806.60 $322,389.02
178 $322,389.02 $1,064.27 $0.00 $1,822.83 $325,276.12
179 $325,276.12 $1,064.27 $0.00 $1,839.16 $328,179.55
180 $328,179.55 $1,064.27 $0.00 $1,855.57 $331,099.39
181 $331,099.39 $1,064.27 $0.00 $1,872.08 $334,035.74
182 $334,035.74 $1,064.27 $0.00 $1,888.69 $336,988.70
183 $336,988.70 $1,064.27 $0.00 $1,905.38 $339,958.35
184 $339,958.35 $1,064.27 $0.00 $1,922.17 $342,944.79
185 $342,944.79 $1,064.27 $0.00 $1,939.06 $345,948.12
186 $345,948.12 $1,064.27 $0.00 $1,956.04 $348,968.43
187 $348,968.43 $1,064.27 $0.00 $1,973.12 $352,005.82
188 $352,005.82 $1,064.27 $0.00 $1,990.29 $355,060.38
189 $355,060.38 $1,064.27 $0.00 $2,007.56 $358,132.21
190 $358,132.21 $1,064.27 $0.00 $2,024.93 $361,221.41
191 $361,221.41 $1,064.27 $0.00 $2,042.40 $364,328.08
192 $364,328.08 $1,064.27 $0.00 $2,059.96 $367,452.31
193 $367,452.31 $1,064.27 $0.00 $2,077.63 $370,594.21
194 $370,594.21 $1,064.27 $0.00 $2,095.39 $373,753.87
195 $373,753.87 $1,064.27 $0.00 $2,113.26 $376,931.40
196 $376,931.40 $1,064.27 $0.00 $2,131.22 $380,126.89
197 $380,126.89 $1,064.27 $0.00 $2,149.29 $383,340.45
198 $383,340.45 $1,064.27 $0.00 $2,167.46 $386,572.18
199 $386,572.18 $1,064.27 $0.00 $2,185.74 $389,822.19
200 $389,822.19 $1,064.27 $0.00 $2,204.11 $393,090.57
201 $393,090.57 $1,064.27 $0.00 $2,222.59 $396,377.43
202 $396,377.43 $1,064.27 $0.00 $2,241.18 $399,682.88
203 $399,682.88 $1,064.27 $0.00 $2,259.87 $403,007.02
204 $403,007.02 $1,064.27 $0.00 $2,278.66 $406,349.95
205 $406,349.95 $1,064.27 $0.00 $2,297.56 $409,711.78
206 $409,711.78 $1,064.27 $0.00 $2,316.57 $413,092.62
207 $413,092.62 $1,064.27 $0.00 $2,335.69 $416,492.58
208 $416,492.58 $1,064.27 $0.00 $2,354.91 $419,911.76
209 $419,911.76 $1,064.27 $0.00 $2,374.24 $423,350.27
210 $423,350.27 $1,064.27 $0.00 $2,393.68 $426,808.22
211 $426,808.22 $1,064.27 $0.00 $2,413.24 $430,285.73
212 $430,285.73 $1,064.27 $0.00 $2,432.90 $433,782.90
213 $433,782.90 $1,064.27 $0.00 $2,452.67 $437,299.84
214 $437,299.84 $1,064.27 $0.00 $2,472.56 $440,836.67
215 $440,836.67 $1,064.27 $0.00 $2,492.55 $444,393.49
216 $444,393.49 $1,064.27 $0.00 $2,512.67 $447,970.43
217 $447,970.43 $1,064.27 $124,773.58 $2,532.89 $326,794.01
218 $326,794.01 $1,064.27 $0.00 $1,847.74 $329,706.02
219 $329,706.02 $1,064.27 $0.00 $1,864.21 $332,634.50
220 $332,634.50 $1,064.27 $0.00 $1,880.76 $335,579.53
221 $335,579.53 $1,064.27 $0.00 $1,897.42 $338,541.22
222 $338,541.22 $1,064.27 $0.00 $1,914.16 $341,519.65
223 $341,519.65 $1,064.27 $0.00 $1,931.00 $344,514.92
224 $344,514.92 $1,064.27 $0.00 $1,947.94 $347,527.13
225 $347,527.13 $1,064.27 $0.00 $1,964.97 $350,556.37
226 $350,556.37 $1,064.27 $0.00 $1,982.10 $353,602.74
227 $353,602.74 $1,064.27 $0.00 $1,999.32 $356,666.33
228 $356,666.33 $1,064.27 $0.00 $2,016.64 $359,747.24
229 $359,747.24 $1,064.27 $131,012.26 $2,034.06 $231,833.31
230 $231,833.31 $1,064.27 $0.00 $1,310.82 $234,208.40
231 $234,208.40 $1,064.27 $0.00 $1,324.25 $236,596.92
232 $236,596.92 $1,064.27 $0.00 $1,337.75 $238,998.94
233 $238,998.94 $1,064.27 $0.00 $1,351.33 $241,414.54
234 $241,414.54 $1,064.27 $0.00 $1,364.99 $243,843.80
235 $243,843.80 $1,064.27 $0.00 $1,378.73 $246,286.80
236 $246,286.80 $1,064.27 $0.00 $1,392.54 $248,743.61
237 $248,743.61 $1,064.27 $0.00 $1,406.43 $251,214.31
238 $251,214.31 $1,064.27 $0.00 $1,420.40 $253,698.98
239 $253,698.98 $1,064.27 $0.00 $1,434.45 $256,197.70
240 $256,197.70 $1,064.27 $0.00 $1,448.58 $258,710.55
241 $258,710.55 $1,064.27 $137,562.87 $1,462.79 $123,674.74
242 $123,674.74 $1,064.27 $0.00 $699.27 $125,438.28
243 $125,438.28 $1,064.27 $0.00 $709.25 $127,211.80
244 $127,211.80 $1,064.27 $0.00 $719.27 $128,995.34
245 $128,995.34 $1,064.27 $0.00 $729.36 $130,788.97
246 $130,788.97 $1,064.27 $0.00 $739.50 $132,592.74
247 $132,592.74 $1,064.27 $0.00 $749.70 $134,406.71
248 $134,406.71 $1,064.27 $0.00 $759.96 $136,230.94
249 $136,230.94 $1,064.27 $0.00 $770.27 $138,065.48
250 $138,065.48 $1,064.27 $0.00 $780.64 $139,910.39
251 $139,910.39 $1,064.27 $0.00 $791.07 $141,765.73
252 $141,765.73 $1,064.27 $0.00 $801.56 $143,631.56
253 $143,631.56 $0.00 $144,441.02 $812.11 $2.65