| Estimated Annual Cost in 2042 | $84,608 |
| Monthly savings required | $376 |
How much will it cost to send your child to Lake Superior College in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $169,216.38 for students enrolling in 2042 if tuition increases average 7% per year until then. Assuming you have no current college savings, monthly deposits of $375.90 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.
| Current Annual Cost | $24,186.00 |
| Years until enrollment | 18 |
| Annual Tuition Increase | 7% |
| Current Savings | $0.00 |
| After Tax Return on Savings | 7% |
| Years of enrollment | 2 |
Discover how much will you need to start saving now to afford Lake Superior College in the future.
| Month | Begin | Deposit | Withdraw | Interest | End |
|---|---|---|---|---|---|
| 1 | $0.00 | $375.90 | $0.00 | $0.00 | $375.90 |
| 2 | $375.90 | $375.90 | $0.00 | $2.13 | $753.93 |
| 3 | $753.93 | $375.90 | $0.00 | $4.26 | $1,134.09 |
| 4 | $1,134.09 | $375.90 | $0.00 | $6.41 | $1,516.40 |
| 5 | $1,516.40 | $375.90 | $0.00 | $8.57 | $1,900.87 |
| 6 | $1,900.87 | $375.90 | $0.00 | $10.75 | $2,287.52 |
| 7 | $2,287.52 | $375.90 | $0.00 | $12.93 | $2,676.35 |
| 8 | $2,676.35 | $375.90 | $0.00 | $15.13 | $3,067.38 |
| 9 | $3,067.38 | $375.90 | $0.00 | $17.34 | $3,460.62 |
| 10 | $3,460.62 | $375.90 | $0.00 | $19.57 | $3,856.09 |
| 11 | $3,856.09 | $375.90 | $0.00 | $21.80 | $4,253.79 |
| 12 | $4,253.79 | $375.90 | $0.00 | $24.05 | $4,653.74 |
| 13 | $4,653.74 | $375.90 | $0.00 | $26.31 | $5,055.95 |
| 14 | $5,055.95 | $375.90 | $0.00 | $28.59 | $5,460.44 |
| 15 | $5,460.44 | $375.90 | $0.00 | $30.87 | $5,867.21 |
| 16 | $5,867.21 | $375.90 | $0.00 | $33.17 | $6,276.28 |
| 17 | $6,276.28 | $375.90 | $0.00 | $35.49 | $6,687.67 |
| 18 | $6,687.67 | $375.90 | $0.00 | $37.81 | $7,101.38 |
| 19 | $7,101.38 | $375.90 | $0.00 | $40.15 | $7,517.43 |
| 20 | $7,517.43 | $375.90 | $0.00 | $42.50 | $7,935.83 |
| 21 | $7,935.83 | $375.90 | $0.00 | $44.87 | $8,356.60 |
| 22 | $8,356.60 | $375.90 | $0.00 | $47.25 | $8,779.75 |
| 23 | $8,779.75 | $375.90 | $0.00 | $49.64 | $9,205.29 |
| 24 | $9,205.29 | $375.90 | $0.00 | $52.05 | $9,633.24 |
| 25 | $9,633.24 | $375.90 | $0.00 | $54.47 | $10,063.61 |
| 26 | $10,063.61 | $375.90 | $0.00 | $56.90 | $10,496.41 |
| 27 | $10,496.41 | $375.90 | $0.00 | $59.35 | $10,931.66 |
| 28 | $10,931.66 | $375.90 | $0.00 | $61.81 | $11,369.37 |
| 29 | $11,369.37 | $375.90 | $0.00 | $64.28 | $11,809.55 |
| 30 | $11,809.55 | $375.90 | $0.00 | $66.77 | $12,252.22 |
| 31 | $12,252.22 | $375.90 | $0.00 | $69.28 | $12,697.40 |
| 32 | $12,697.40 | $375.90 | $0.00 | $71.79 | $13,145.09 |
| 33 | $13,145.09 | $375.90 | $0.00 | $74.32 | $13,595.31 |
| 34 | $13,595.31 | $375.90 | $0.00 | $76.87 | $14,048.08 |
| 35 | $14,048.08 | $375.90 | $0.00 | $79.43 | $14,503.41 |
| 36 | $14,503.41 | $375.90 | $0.00 | $82.00 | $14,961.31 |
| 37 | $14,961.31 | $375.90 | $0.00 | $84.59 | $15,421.80 |
| 38 | $15,421.80 | $375.90 | $0.00 | $87.20 | $15,884.90 |
| 39 | $15,884.90 | $375.90 | $0.00 | $89.82 | $16,350.62 |
| 40 | $16,350.62 | $375.90 | $0.00 | $92.45 | $16,818.97 |
| 41 | $16,818.97 | $375.90 | $0.00 | $95.10 | $17,289.97 |
| 42 | $17,289.97 | $375.90 | $0.00 | $97.76 | $17,763.63 |
| 43 | $17,763.63 | $375.90 | $0.00 | $100.44 | $18,239.97 |
| 44 | $18,239.97 | $375.90 | $0.00 | $103.13 | $18,719.00 |
| 45 | $18,719.00 | $375.90 | $0.00 | $105.84 | $19,200.74 |
| 46 | $19,200.74 | $375.90 | $0.00 | $108.56 | $19,685.20 |
| 47 | $19,685.20 | $375.90 | $0.00 | $111.30 | $20,172.40 |
| 48 | $20,172.40 | $375.90 | $0.00 | $114.06 | $20,662.36 |
| 49 | $20,662.36 | $375.90 | $0.00 | $116.83 | $21,155.09 |
| 50 | $21,155.09 | $375.90 | $0.00 | $119.61 | $21,650.60 |
| 51 | $21,650.60 | $375.90 | $0.00 | $122.42 | $22,148.92 |
| 52 | $22,148.92 | $375.90 | $0.00 | $125.23 | $22,650.05 |
| 53 | $22,650.05 | $375.90 | $0.00 | $128.07 | $23,154.02 |
| 54 | $23,154.02 | $375.90 | $0.00 | $130.92 | $23,660.84 |
| 55 | $23,660.84 | $375.90 | $0.00 | $133.78 | $24,170.52 |
| 56 | $24,170.52 | $375.90 | $0.00 | $136.66 | $24,683.08 |
| 57 | $24,683.08 | $375.90 | $0.00 | $139.56 | $25,198.54 |
| 58 | $25,198.54 | $375.90 | $0.00 | $142.48 | $25,716.92 |
| 59 | $25,716.92 | $375.90 | $0.00 | $145.41 | $26,238.23 |
| 60 | $26,238.23 | $375.90 | $0.00 | $148.35 | $26,762.48 |
| 61 | $26,762.48 | $375.90 | $0.00 | $151.32 | $27,289.70 |
| 62 | $27,289.70 | $375.90 | $0.00 | $154.30 | $27,819.90 |
| 63 | $27,819.90 | $375.90 | $0.00 | $157.30 | $28,353.10 |
| 64 | $28,353.10 | $375.90 | $0.00 | $160.31 | $28,889.31 |
| 65 | $28,889.31 | $375.90 | $0.00 | $163.34 | $29,428.55 |
| 66 | $29,428.55 | $375.90 | $0.00 | $166.39 | $29,970.84 |
| 67 | $29,970.84 | $375.90 | $0.00 | $169.46 | $30,516.20 |
| 68 | $30,516.20 | $375.90 | $0.00 | $172.54 | $31,064.64 |
| 69 | $31,064.64 | $375.90 | $0.00 | $175.64 | $31,616.18 |
| 70 | $31,616.18 | $375.90 | $0.00 | $178.76 | $32,170.84 |
| 71 | $32,170.84 | $375.90 | $0.00 | $181.90 | $32,728.64 |
| 72 | $32,728.64 | $375.90 | $0.00 | $185.05 | $33,289.59 |
| 73 | $33,289.59 | $375.90 | $0.00 | $188.22 | $33,853.71 |
| 74 | $33,853.71 | $375.90 | $0.00 | $191.41 | $34,421.02 |
| 75 | $34,421.02 | $375.90 | $0.00 | $194.62 | $34,991.54 |
| 76 | $34,991.54 | $375.90 | $0.00 | $197.85 | $35,565.29 |
| 77 | $35,565.29 | $375.90 | $0.00 | $201.09 | $36,142.28 |
| 78 | $36,142.28 | $375.90 | $0.00 | $204.35 | $36,722.53 |
| 79 | $36,722.53 | $375.90 | $0.00 | $207.63 | $37,306.06 |
| 80 | $37,306.06 | $375.90 | $0.00 | $210.93 | $37,892.89 |
| 81 | $37,892.89 | $375.90 | $0.00 | $214.25 | $38,483.04 |
| 82 | $38,483.04 | $375.90 | $0.00 | $217.59 | $39,076.53 |
| 83 | $39,076.53 | $375.90 | $0.00 | $220.94 | $39,673.37 |
| 84 | $39,673.37 | $375.90 | $0.00 | $224.32 | $40,273.59 |
| 85 | $40,273.59 | $375.90 | $0.00 | $227.71 | $40,877.20 |
| 86 | $40,877.20 | $375.90 | $0.00 | $231.13 | $41,484.23 |
| 87 | $41,484.23 | $375.90 | $0.00 | $234.56 | $42,094.69 |
| 88 | $42,094.69 | $375.90 | $0.00 | $238.01 | $42,708.60 |
| 89 | $42,708.60 | $375.90 | $0.00 | $241.48 | $43,325.98 |
| 90 | $43,325.98 | $375.90 | $0.00 | $244.97 | $43,946.85 |
| 91 | $43,946.85 | $375.90 | $0.00 | $248.48 | $44,571.23 |
| 92 | $44,571.23 | $375.90 | $0.00 | $252.01 | $45,199.14 |
| 93 | $45,199.14 | $375.90 | $0.00 | $255.56 | $45,830.60 |
| 94 | $45,830.60 | $375.90 | $0.00 | $259.13 | $46,465.63 |
| 95 | $46,465.63 | $375.90 | $0.00 | $262.72 | $47,104.25 |
| 96 | $47,104.25 | $375.90 | $0.00 | $266.33 | $47,746.48 |
| 97 | $47,746.48 | $375.90 | $0.00 | $269.97 | $48,392.35 |
| 98 | $48,392.35 | $375.90 | $0.00 | $273.62 | $49,041.87 |
| 99 | $49,041.87 | $375.90 | $0.00 | $277.29 | $49,695.06 |
| 100 | $49,695.06 | $375.90 | $0.00 | $280.98 | $50,351.94 |
| 101 | $50,351.94 | $375.90 | $0.00 | $284.70 | $51,012.54 |
| 102 | $51,012.54 | $375.90 | $0.00 | $288.43 | $51,676.87 |
| 103 | $51,676.87 | $375.90 | $0.00 | $292.19 | $52,344.96 |
| 104 | $52,344.96 | $375.90 | $0.00 | $295.97 | $53,016.83 |
| 105 | $53,016.83 | $375.90 | $0.00 | $299.76 | $53,692.49 |
| 106 | $53,692.49 | $375.90 | $0.00 | $303.59 | $54,371.98 |
| 107 | $54,371.98 | $375.90 | $0.00 | $307.43 | $55,055.31 |
| 108 | $55,055.31 | $375.90 | $0.00 | $311.29 | $55,742.50 |
| 109 | $55,742.50 | $375.90 | $0.00 | $315.18 | $56,433.58 |
| 110 | $56,433.58 | $375.90 | $0.00 | $319.08 | $57,128.56 |
| 111 | $57,128.56 | $375.90 | $0.00 | $323.01 | $57,827.47 |
| 112 | $57,827.47 | $375.90 | $0.00 | $326.96 | $58,530.33 |
| 113 | $58,530.33 | $375.90 | $0.00 | $330.94 | $59,237.17 |
| 114 | $59,237.17 | $375.90 | $0.00 | $334.94 | $59,948.01 |
| 115 | $59,948.01 | $375.90 | $0.00 | $338.95 | $60,662.86 |
| 116 | $60,662.86 | $375.90 | $0.00 | $343.00 | $61,381.76 |
| 117 | $61,381.76 | $375.90 | $0.00 | $347.06 | $62,104.72 |
| 118 | $62,104.72 | $375.90 | $0.00 | $351.15 | $62,831.77 |
| 119 | $62,831.77 | $375.90 | $0.00 | $355.26 | $63,562.93 |
| 120 | $63,562.93 | $375.90 | $0.00 | $359.39 | $64,298.22 |
| 121 | $64,298.22 | $375.90 | $0.00 | $363.55 | $65,037.67 |
| 122 | $65,037.67 | $375.90 | $0.00 | $367.73 | $65,781.30 |
| 123 | $65,781.30 | $375.90 | $0.00 | $371.94 | $66,529.14 |
| 124 | $66,529.14 | $375.90 | $0.00 | $376.17 | $67,281.21 |
| 125 | $67,281.21 | $375.90 | $0.00 | $380.42 | $68,037.53 |
| 126 | $68,037.53 | $375.90 | $0.00 | $384.69 | $68,798.12 |
| 127 | $68,798.12 | $375.90 | $0.00 | $388.99 | $69,563.01 |
| 128 | $69,563.01 | $375.90 | $0.00 | $393.32 | $70,332.23 |
| 129 | $70,332.23 | $375.90 | $0.00 | $397.67 | $71,105.80 |
| 130 | $71,105.80 | $375.90 | $0.00 | $402.04 | $71,883.74 |
| 131 | $71,883.74 | $375.90 | $0.00 | $406.44 | $72,666.08 |
| 132 | $72,666.08 | $375.90 | $0.00 | $410.86 | $73,452.84 |
| 133 | $73,452.84 | $375.90 | $0.00 | $415.31 | $74,244.05 |
| 134 | $74,244.05 | $375.90 | $0.00 | $419.79 | $75,039.74 |
| 135 | $75,039.74 | $375.90 | $0.00 | $424.29 | $75,839.93 |
| 136 | $75,839.93 | $375.90 | $0.00 | $428.81 | $76,644.64 |
| 137 | $76,644.64 | $375.90 | $0.00 | $433.36 | $77,453.90 |
| 138 | $77,453.90 | $375.90 | $0.00 | $437.94 | $78,267.74 |
| 139 | $78,267.74 | $375.90 | $0.00 | $442.54 | $79,086.18 |
| 140 | $79,086.18 | $375.90 | $0.00 | $447.16 | $79,909.24 |
| 141 | $79,909.24 | $375.90 | $0.00 | $451.82 | $80,736.96 |
| 142 | $80,736.96 | $375.90 | $0.00 | $456.50 | $81,569.36 |
| 143 | $81,569.36 | $375.90 | $0.00 | $461.21 | $82,406.47 |
| 144 | $82,406.47 | $375.90 | $0.00 | $465.94 | $83,248.31 |
| 145 | $83,248.31 | $375.90 | $0.00 | $470.70 | $84,094.91 |
| 146 | $84,094.91 | $375.90 | $0.00 | $475.48 | $84,946.29 |
| 147 | $84,946.29 | $375.90 | $0.00 | $480.30 | $85,802.49 |
| 148 | $85,802.49 | $375.90 | $0.00 | $485.14 | $86,663.53 |
| 149 | $86,663.53 | $375.90 | $0.00 | $490.01 | $87,529.44 |
| 150 | $87,529.44 | $375.90 | $0.00 | $494.90 | $88,400.24 |
| 151 | $88,400.24 | $375.90 | $0.00 | $499.83 | $89,275.97 |
| 152 | $89,275.97 | $375.90 | $0.00 | $504.78 | $90,156.65 |
| 153 | $90,156.65 | $375.90 | $0.00 | $509.76 | $91,042.31 |
| 154 | $91,042.31 | $375.90 | $0.00 | $514.77 | $91,932.98 |
| 155 | $91,932.98 | $375.90 | $0.00 | $519.80 | $92,828.68 |
| 156 | $92,828.68 | $375.90 | $0.00 | $524.87 | $93,729.45 |
| 157 | $93,729.45 | $375.90 | $0.00 | $529.96 | $94,635.31 |
| 158 | $94,635.31 | $375.90 | $0.00 | $535.08 | $95,546.29 |
| 159 | $95,546.29 | $375.90 | $0.00 | $540.23 | $96,462.42 |
| 160 | $96,462.42 | $375.90 | $0.00 | $545.41 | $97,383.73 |
| 161 | $97,383.73 | $375.90 | $0.00 | $550.62 | $98,310.25 |
| 162 | $98,310.25 | $375.90 | $0.00 | $555.86 | $99,242.01 |
| 163 | $99,242.01 | $375.90 | $0.00 | $561.13 | $100,179.04 |
| 164 | $100,179.04 | $375.90 | $0.00 | $566.43 | $101,121.37 |
| 165 | $101,121.37 | $375.90 | $0.00 | $571.75 | $102,069.02 |
| 166 | $102,069.02 | $375.90 | $0.00 | $577.11 | $103,022.03 |
| 167 | $103,022.03 | $375.90 | $0.00 | $582.50 | $103,980.43 |
| 168 | $103,980.43 | $375.90 | $0.00 | $587.92 | $104,944.25 |
| 169 | $104,944.25 | $375.90 | $0.00 | $593.37 | $105,913.52 |
| 170 | $105,913.52 | $375.90 | $0.00 | $598.85 | $106,888.27 |
| 171 | $106,888.27 | $375.90 | $0.00 | $604.36 | $107,868.53 |
| 172 | $107,868.53 | $375.90 | $0.00 | $609.90 | $108,854.33 |
| 173 | $108,854.33 | $375.90 | $0.00 | $615.48 | $109,845.71 |
| 174 | $109,845.71 | $375.90 | $0.00 | $621.08 | $110,842.69 |
| 175 | $110,842.69 | $375.90 | $0.00 | $626.72 | $111,845.31 |
| 176 | $111,845.31 | $375.90 | $0.00 | $632.39 | $112,853.60 |
| 177 | $112,853.60 | $375.90 | $0.00 | $638.09 | $113,867.59 |
| 178 | $113,867.59 | $375.90 | $0.00 | $643.82 | $114,887.31 |
| 179 | $114,887.31 | $375.90 | $0.00 | $649.59 | $115,912.80 |
| 180 | $115,912.80 | $375.90 | $0.00 | $655.39 | $116,944.09 |
| 181 | $116,944.09 | $375.90 | $0.00 | $661.22 | $117,981.21 |
| 182 | $117,981.21 | $375.90 | $0.00 | $667.08 | $119,024.19 |
| 183 | $119,024.19 | $375.90 | $0.00 | $672.98 | $120,073.07 |
| 184 | $120,073.07 | $375.90 | $0.00 | $678.91 | $121,127.88 |
| 185 | $121,127.88 | $375.90 | $0.00 | $684.87 | $122,188.65 |
| 186 | $122,188.65 | $375.90 | $0.00 | $690.87 | $123,255.42 |
| 187 | $123,255.42 | $375.90 | $0.00 | $696.90 | $124,328.22 |
| 188 | $124,328.22 | $375.90 | $0.00 | $702.97 | $125,407.09 |
| 189 | $125,407.09 | $375.90 | $0.00 | $709.07 | $126,492.06 |
| 190 | $126,492.06 | $375.90 | $0.00 | $715.20 | $127,583.16 |
| 191 | $127,583.16 | $375.90 | $0.00 | $721.37 | $128,680.43 |
| 192 | $128,680.43 | $375.90 | $0.00 | $727.58 | $129,783.91 |
| 193 | $129,783.91 | $375.90 | $0.00 | $733.82 | $130,893.63 |
| 194 | $130,893.63 | $375.90 | $0.00 | $740.09 | $132,009.62 |
| 195 | $132,009.62 | $375.90 | $0.00 | $746.40 | $133,131.92 |
| 196 | $133,131.92 | $375.90 | $0.00 | $752.75 | $134,260.57 |
| 197 | $134,260.57 | $375.90 | $0.00 | $759.13 | $135,395.60 |
| 198 | $135,395.60 | $375.90 | $0.00 | $765.55 | $136,537.05 |
| 199 | $136,537.05 | $375.90 | $0.00 | $772.00 | $137,684.95 |
| 200 | $137,684.95 | $375.90 | $0.00 | $778.49 | $138,839.34 |
| 201 | $138,839.34 | $375.90 | $0.00 | $785.02 | $140,000.26 |
| 202 | $140,000.26 | $375.90 | $0.00 | $791.58 | $141,167.74 |
| 203 | $141,167.74 | $375.90 | $0.00 | $798.18 | $142,341.82 |
| 204 | $142,341.82 | $375.90 | $0.00 | $804.82 | $143,522.54 |
| 205 | $143,522.54 | $375.90 | $0.00 | $811.50 | $144,709.94 |
| 206 | $144,709.94 | $375.90 | $0.00 | $818.21 | $145,904.05 |
| 207 | $145,904.05 | $375.90 | $0.00 | $824.96 | $147,104.91 |
| 208 | $147,104.91 | $375.90 | $0.00 | $831.75 | $148,312.56 |
| 209 | $148,312.56 | $375.90 | $0.00 | $838.58 | $149,527.04 |
| 210 | $149,527.04 | $375.90 | $0.00 | $845.45 | $150,748.39 |
| 211 | $150,748.39 | $375.90 | $0.00 | $852.35 | $151,976.64 |
| 212 | $151,976.64 | $375.90 | $0.00 | $859.30 | $153,211.84 |
| 213 | $153,211.84 | $375.90 | $0.00 | $866.28 | $154,454.02 |
| 214 | $154,454.02 | $375.90 | $0.00 | $873.31 | $155,703.23 |
| 215 | $155,703.23 | $375.90 | $0.00 | $880.37 | $156,959.50 |
| 216 | $156,959.50 | $375.90 | $0.00 | $887.47 | $158,222.87 |
| 217 | $158,222.87 | $375.90 | $81,747.04 | $894.62 | $77,746.35 |
| 218 | $77,746.35 | $375.90 | $0.00 | $439.59 | $78,561.84 |
| 219 | $78,561.84 | $375.90 | $0.00 | $444.20 | $79,381.94 |
| 220 | $79,381.94 | $375.90 | $0.00 | $448.84 | $80,206.68 |
| 221 | $80,206.68 | $375.90 | $0.00 | $453.50 | $81,036.08 |
| 222 | $81,036.08 | $375.90 | $0.00 | $458.19 | $81,870.17 |
| 223 | $81,870.17 | $375.90 | $0.00 | $462.91 | $82,708.98 |
| 224 | $82,708.98 | $375.90 | $0.00 | $467.65 | $83,552.53 |
| 225 | $83,552.53 | $375.90 | $0.00 | $472.42 | $84,400.85 |
| 226 | $84,400.85 | $375.90 | $0.00 | $477.21 | $85,253.96 |
| 227 | $85,253.96 | $375.90 | $0.00 | $482.04 | $86,111.90 |
| 228 | $86,111.90 | $375.90 | $0.00 | $486.89 | $86,974.69 |
| 229 | $86,974.69 | $0.00 | $87,469.33 | $491.77 | -$2.87 |