Savings Plan and Future Cost Estimation for CUNY Lehman College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$75,735
Monthly savings required$600

How much will it cost to send your child to CUNY Lehman College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $302,938.49 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $599.50 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$29,205.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $599.50 $0.00 $0.00 $599.50
2 $599.50 $599.50 $0.00 $3.39 $1,202.39
3 $1,202.39 $599.50 $0.00 $6.80 $1,808.69
4 $1,808.69 $599.50 $0.00 $10.23 $2,418.42
5 $2,418.42 $599.50 $0.00 $13.67 $3,031.59
6 $3,031.59 $599.50 $0.00 $17.14 $3,648.23
7 $3,648.23 $599.50 $0.00 $20.63 $4,268.36
8 $4,268.36 $599.50 $0.00 $24.13 $4,891.99
9 $4,891.99 $599.50 $0.00 $27.66 $5,519.15
10 $5,519.15 $599.50 $0.00 $31.21 $6,149.86
11 $6,149.86 $599.50 $0.00 $34.77 $6,784.13
12 $6,784.13 $599.50 $0.00 $38.36 $7,421.99
13 $7,421.99 $599.50 $0.00 $41.97 $8,063.46
14 $8,063.46 $599.50 $0.00 $45.59 $8,708.55
15 $8,708.55 $599.50 $0.00 $49.24 $9,357.29
16 $9,357.29 $599.50 $0.00 $52.91 $10,009.70
17 $10,009.70 $599.50 $0.00 $56.60 $10,665.80
18 $10,665.80 $599.50 $0.00 $60.31 $11,325.61
19 $11,325.61 $599.50 $0.00 $64.04 $11,989.15
20 $11,989.15 $599.50 $0.00 $67.79 $12,656.44
21 $12,656.44 $599.50 $0.00 $71.56 $13,327.50
22 $13,327.50 $599.50 $0.00 $75.36 $14,002.36
23 $14,002.36 $599.50 $0.00 $79.17 $14,681.03
24 $14,681.03 $599.50 $0.00 $83.01 $15,363.54
25 $15,363.54 $599.50 $0.00 $86.87 $16,049.91
26 $16,049.91 $599.50 $0.00 $90.75 $16,740.16
27 $16,740.16 $599.50 $0.00 $94.65 $17,434.31
28 $17,434.31 $599.50 $0.00 $98.58 $18,132.39
29 $18,132.39 $599.50 $0.00 $102.52 $18,834.41
30 $18,834.41 $599.50 $0.00 $106.49 $19,540.40
31 $19,540.40 $599.50 $0.00 $110.48 $20,250.38
32 $20,250.38 $599.50 $0.00 $114.50 $20,964.38
33 $20,964.38 $599.50 $0.00 $118.54 $21,682.42
34 $21,682.42 $599.50 $0.00 $122.60 $22,404.52
35 $22,404.52 $599.50 $0.00 $126.68 $23,130.70
36 $23,130.70 $599.50 $0.00 $130.78 $23,860.98
37 $23,860.98 $599.50 $0.00 $134.91 $24,595.39
38 $24,595.39 $599.50 $0.00 $139.07 $25,333.96
39 $25,333.96 $599.50 $0.00 $143.24 $26,076.70
40 $26,076.70 $599.50 $0.00 $147.44 $26,823.64
41 $26,823.64 $599.50 $0.00 $151.66 $27,574.80
42 $27,574.80 $599.50 $0.00 $155.91 $28,330.21
43 $28,330.21 $599.50 $0.00 $160.18 $29,089.89
44 $29,089.89 $599.50 $0.00 $164.48 $29,853.87
45 $29,853.87 $599.50 $0.00 $168.80 $30,622.17
46 $30,622.17 $599.50 $0.00 $173.14 $31,394.81
47 $31,394.81 $599.50 $0.00 $177.51 $32,171.82
48 $32,171.82 $599.50 $0.00 $181.90 $32,953.22
49 $32,953.22 $599.50 $0.00 $186.32 $33,739.04
50 $33,739.04 $599.50 $0.00 $190.77 $34,529.31
51 $34,529.31 $599.50 $0.00 $195.23 $35,324.04
52 $35,324.04 $599.50 $0.00 $199.73 $36,123.27
53 $36,123.27 $599.50 $0.00 $204.25 $36,927.02
54 $36,927.02 $599.50 $0.00 $208.79 $37,735.31
55 $37,735.31 $599.50 $0.00 $213.36 $38,548.17
56 $38,548.17 $599.50 $0.00 $217.96 $39,365.63
57 $39,365.63 $599.50 $0.00 $222.58 $40,187.71
58 $40,187.71 $599.50 $0.00 $227.23 $41,014.44
59 $41,014.44 $599.50 $0.00 $231.90 $41,845.84
60 $41,845.84 $599.50 $0.00 $236.60 $42,681.94
61 $42,681.94 $599.50 $0.00 $241.33 $43,522.77
62 $43,522.77 $599.50 $0.00 $246.08 $44,368.35
63 $44,368.35 $599.50 $0.00 $250.87 $45,218.72
64 $45,218.72 $599.50 $0.00 $255.67 $46,073.89
65 $46,073.89 $599.50 $0.00 $260.51 $46,933.90
66 $46,933.90 $599.50 $0.00 $265.37 $47,798.77
67 $47,798.77 $599.50 $0.00 $270.26 $48,668.53
68 $48,668.53 $599.50 $0.00 $275.18 $49,543.21
69 $49,543.21 $599.50 $0.00 $280.12 $50,422.83
70 $50,422.83 $599.50 $0.00 $285.10 $51,307.43
71 $51,307.43 $599.50 $0.00 $290.10 $52,197.03
72 $52,197.03 $599.50 $0.00 $295.13 $53,091.66
73 $53,091.66 $599.50 $0.00 $300.19 $53,991.35
74 $53,991.35 $599.50 $0.00 $305.27 $54,896.12
75 $54,896.12 $599.50 $0.00 $310.39 $55,806.01
76 $55,806.01 $599.50 $0.00 $315.54 $56,721.05
77 $56,721.05 $599.50 $0.00 $320.71 $57,641.26
78 $57,641.26 $599.50 $0.00 $325.91 $58,566.67
79 $58,566.67 $599.50 $0.00 $331.14 $59,497.31
80 $59,497.31 $599.50 $0.00 $336.41 $60,433.22
81 $60,433.22 $599.50 $0.00 $341.70 $61,374.42
82 $61,374.42 $599.50 $0.00 $347.02 $62,320.94
83 $62,320.94 $599.50 $0.00 $352.37 $63,272.81
84 $63,272.81 $599.50 $0.00 $357.75 $64,230.06
85 $64,230.06 $599.50 $0.00 $363.17 $65,192.73
86 $65,192.73 $599.50 $0.00 $368.61 $66,160.84
87 $66,160.84 $599.50 $0.00 $374.08 $67,134.42
88 $67,134.42 $599.50 $0.00 $379.59 $68,113.51
89 $68,113.51 $599.50 $0.00 $385.12 $69,098.13
90 $69,098.13 $599.50 $0.00 $390.69 $70,088.32
91 $70,088.32 $599.50 $0.00 $396.29 $71,084.11
92 $71,084.11 $599.50 $0.00 $401.92 $72,085.53
93 $72,085.53 $599.50 $0.00 $407.58 $73,092.61
94 $73,092.61 $599.50 $0.00 $413.28 $74,105.39
95 $74,105.39 $599.50 $0.00 $419.00 $75,123.89
96 $75,123.89 $599.50 $0.00 $424.76 $76,148.15
97 $76,148.15 $599.50 $0.00 $430.55 $77,178.20
98 $77,178.20 $599.50 $0.00 $436.38 $78,214.08
99 $78,214.08 $599.50 $0.00 $442.23 $79,255.81
100 $79,255.81 $599.50 $0.00 $448.12 $80,303.43
101 $80,303.43 $599.50 $0.00 $454.05 $81,356.98
102 $81,356.98 $599.50 $0.00 $460.00 $82,416.48
103 $82,416.48 $599.50 $0.00 $465.99 $83,481.97
104 $83,481.97 $599.50 $0.00 $472.02 $84,553.49
105 $84,553.49 $599.50 $0.00 $478.08 $85,631.07
106 $85,631.07 $599.50 $0.00 $484.17 $86,714.74
107 $86,714.74 $599.50 $0.00 $490.30 $87,804.54
108 $87,804.54 $599.50 $0.00 $496.46 $88,900.50
109 $88,900.50 $599.50 $0.00 $502.66 $90,002.66
110 $90,002.66 $599.50 $0.00 $508.89 $91,111.05
111 $91,111.05 $599.50 $0.00 $515.16 $92,225.71
112 $92,225.71 $599.50 $0.00 $521.46 $93,346.67
113 $93,346.67 $599.50 $0.00 $527.80 $94,473.97
114 $94,473.97 $599.50 $0.00 $534.17 $95,607.64
115 $95,607.64 $599.50 $0.00 $540.58 $96,747.72
116 $96,747.72 $599.50 $0.00 $547.03 $97,894.25
117 $97,894.25 $599.50 $0.00 $553.51 $99,047.26
118 $99,047.26 $599.50 $0.00 $560.03 $100,206.79
119 $100,206.79 $599.50 $0.00 $566.58 $101,372.87
120 $101,372.87 $599.50 $0.00 $573.18 $102,545.55
121 $102,545.55 $599.50 $0.00 $579.81 $103,724.86
122 $103,724.86 $599.50 $0.00 $586.48 $104,910.84
123 $104,910.84 $599.50 $0.00 $593.18 $106,103.52
124 $106,103.52 $599.50 $0.00 $599.92 $107,302.94
125 $107,302.94 $599.50 $0.00 $606.71 $108,509.15
126 $108,509.15 $599.50 $0.00 $613.53 $109,722.18
127 $109,722.18 $599.50 $0.00 $620.39 $110,942.07
128 $110,942.07 $599.50 $0.00 $627.28 $112,168.85
129 $112,168.85 $599.50 $0.00 $634.22 $113,402.57
130 $113,402.57 $599.50 $0.00 $641.19 $114,643.26
131 $114,643.26 $599.50 $0.00 $648.21 $115,890.97
132 $115,890.97 $599.50 $0.00 $655.26 $117,145.73
133 $117,145.73 $599.50 $0.00 $662.36 $118,407.59
134 $118,407.59 $599.50 $0.00 $669.49 $119,676.58
135 $119,676.58 $599.50 $0.00 $676.67 $120,952.75
136 $120,952.75 $599.50 $0.00 $683.88 $122,236.13
137 $122,236.13 $599.50 $0.00 $691.14 $123,526.77
138 $123,526.77 $599.50 $0.00 $698.44 $124,824.71
139 $124,824.71 $599.50 $0.00 $705.78 $126,129.99
140 $126,129.99 $599.50 $0.00 $713.16 $127,442.65
141 $127,442.65 $599.50 $0.00 $720.58 $128,762.73
142 $128,762.73 $599.50 $0.00 $728.04 $130,090.27
143 $130,090.27 $599.50 $0.00 $735.55 $131,425.32
144 $131,425.32 $599.50 $0.00 $743.10 $132,767.92
145 $132,767.92 $599.50 $0.00 $750.69 $134,118.11
146 $134,118.11 $599.50 $0.00 $758.32 $135,475.93
147 $135,475.93 $599.50 $0.00 $766.00 $136,841.43
148 $136,841.43 $599.50 $0.00 $773.72 $138,214.65
149 $138,214.65 $599.50 $0.00 $781.49 $139,595.64
150 $139,595.64 $599.50 $0.00 $789.29 $140,984.43
151 $140,984.43 $599.50 $0.00 $797.15 $142,381.08
152 $142,381.08 $599.50 $0.00 $805.04 $143,785.62
153 $143,785.62 $599.50 $0.00 $812.98 $145,198.10
154 $145,198.10 $599.50 $0.00 $820.97 $146,618.57
155 $146,618.57 $599.50 $0.00 $829.00 $148,047.07
156 $148,047.07 $599.50 $0.00 $837.08 $149,483.65
157 $149,483.65 $599.50 $0.00 $845.20 $150,928.35
158 $150,928.35 $599.50 $0.00 $853.37 $152,381.22
159 $152,381.22 $599.50 $0.00 $861.59 $153,842.31
160 $153,842.31 $599.50 $0.00 $869.85 $155,311.66
161 $155,311.66 $599.50 $0.00 $878.15 $156,789.31
162 $156,789.31 $599.50 $0.00 $886.51 $158,275.32
163 $158,275.32 $599.50 $0.00 $894.91 $159,769.73
164 $159,769.73 $599.50 $0.00 $903.36 $161,272.59
165 $161,272.59 $599.50 $0.00 $911.86 $162,783.95
166 $162,783.95 $599.50 $0.00 $920.40 $164,303.85
167 $164,303.85 $599.50 $0.00 $929.00 $165,832.35
168 $165,832.35 $599.50 $0.00 $937.64 $167,369.49
169 $167,369.49 $599.50 $0.00 $946.33 $168,915.32
170 $168,915.32 $599.50 $0.00 $955.07 $170,469.89
171 $170,469.89 $599.50 $0.00 $963.86 $172,033.25
172 $172,033.25 $599.50 $0.00 $972.70 $173,605.45
173 $173,605.45 $599.50 $0.00 $981.59 $175,186.54
174 $175,186.54 $599.50 $0.00 $990.53 $176,776.57
175 $176,776.57 $599.50 $0.00 $999.52 $178,375.59
176 $178,375.59 $599.50 $0.00 $1,008.56 $179,983.65
177 $179,983.65 $599.50 $0.00 $1,017.65 $181,600.80
178 $181,600.80 $599.50 $0.00 $1,026.80 $183,227.10
179 $183,227.10 $599.50 $0.00 $1,035.99 $184,862.59
180 $184,862.59 $599.50 $0.00 $1,045.24 $186,507.33
181 $186,507.33 $599.50 $0.00 $1,054.54 $188,161.37
182 $188,161.37 $599.50 $0.00 $1,063.89 $189,824.76
183 $189,824.76 $599.50 $0.00 $1,073.30 $191,497.56
184 $191,497.56 $599.50 $0.00 $1,082.76 $193,179.82
185 $193,179.82 $599.50 $0.00 $1,092.27 $194,871.59
186 $194,871.59 $599.50 $0.00 $1,101.83 $196,572.92
187 $196,572.92 $599.50 $0.00 $1,111.45 $198,283.87
188 $198,283.87 $599.50 $0.00 $1,121.13 $200,004.50
189 $200,004.50 $599.50 $0.00 $1,130.85 $201,734.85
190 $201,734.85 $599.50 $0.00 $1,140.64 $203,474.99
191 $203,474.99 $599.50 $0.00 $1,150.48 $205,224.97
192 $205,224.97 $599.50 $0.00 $1,160.37 $206,984.84
193 $206,984.84 $599.50 $0.00 $1,170.32 $208,754.66
194 $208,754.66 $599.50 $0.00 $1,180.33 $210,534.49
195 $210,534.49 $599.50 $0.00 $1,190.39 $212,324.38
196 $212,324.38 $599.50 $0.00 $1,200.51 $214,124.39
197 $214,124.39 $599.50 $0.00 $1,210.69 $215,934.58
198 $215,934.58 $599.50 $0.00 $1,220.93 $217,755.01
199 $217,755.01 $599.50 $0.00 $1,231.22 $219,585.73
200 $219,585.73 $599.50 $0.00 $1,241.57 $221,426.80
201 $221,426.80 $599.50 $0.00 $1,251.98 $223,278.28
202 $223,278.28 $599.50 $0.00 $1,262.45 $225,140.23
203 $225,140.23 $599.50 $0.00 $1,272.98 $227,012.71
204 $227,012.71 $599.50 $0.00 $1,283.56 $228,895.77
205 $228,895.77 $599.50 $0.00 $1,294.21 $230,789.48
206 $230,789.48 $599.50 $0.00 $1,304.92 $232,693.90
207 $232,693.90 $599.50 $0.00 $1,315.69 $234,609.09
208 $234,609.09 $599.50 $0.00 $1,326.51 $236,535.10
209 $236,535.10 $599.50 $0.00 $1,337.40 $238,472.00
210 $238,472.00 $599.50 $0.00 $1,348.36 $240,419.86
211 $240,419.86 $599.50 $0.00 $1,359.37 $242,378.73
212 $242,378.73 $599.50 $0.00 $1,370.44 $244,348.67
213 $244,348.67 $599.50 $0.00 $1,381.58 $246,329.75
214 $246,329.75 $599.50 $0.00 $1,392.78 $248,322.03
215 $248,322.03 $599.50 $0.00 $1,404.05 $250,325.58
216 $250,325.58 $599.50 $0.00 $1,415.38 $252,340.46
217 $252,340.46 $599.50 $70,285.31 $1,426.77 $184,081.42
218 $184,081.42 $599.50 $0.00 $1,040.82 $185,721.74
219 $185,721.74 $599.50 $0.00 $1,050.10 $187,371.34
220 $187,371.34 $599.50 $0.00 $1,059.42 $189,030.26
221 $189,030.26 $599.50 $0.00 $1,068.80 $190,698.56
222 $190,698.56 $599.50 $0.00 $1,078.24 $192,376.30
223 $192,376.30 $599.50 $0.00 $1,087.72 $194,063.52
224 $194,063.52 $599.50 $0.00 $1,097.26 $195,760.28
225 $195,760.28 $599.50 $0.00 $1,106.86 $197,466.64
226 $197,466.64 $599.50 $0.00 $1,116.51 $199,182.65
227 $199,182.65 $599.50 $0.00 $1,126.21 $200,908.36
228 $200,908.36 $599.50 $0.00 $1,135.97 $202,643.83
229 $202,643.83 $599.50 $73,799.58 $1,145.78 $130,589.53
230 $130,589.53 $599.50 $0.00 $738.37 $131,927.40
231 $131,927.40 $599.50 $0.00 $745.94 $133,272.84
232 $133,272.84 $599.50 $0.00 $753.54 $134,625.88
233 $134,625.88 $599.50 $0.00 $761.19 $135,986.57
234 $135,986.57 $599.50 $0.00 $768.89 $137,354.96
235 $137,354.96 $599.50 $0.00 $776.62 $138,731.08
236 $138,731.08 $599.50 $0.00 $784.41 $140,114.99
237 $140,114.99 $599.50 $0.00 $792.23 $141,506.72
238 $141,506.72 $599.50 $0.00 $800.10 $142,906.32
239 $142,906.32 $599.50 $0.00 $808.01 $144,313.83
240 $144,313.83 $599.50 $0.00 $815.97 $145,729.30
241 $145,729.30 $599.50 $77,489.56 $823.97 $69,663.21
242 $69,663.21 $599.50 $0.00 $393.89 $70,656.60
243 $70,656.60 $599.50 $0.00 $399.50 $71,655.60
244 $71,655.60 $599.50 $0.00 $405.15 $72,660.25
245 $72,660.25 $599.50 $0.00 $410.83 $73,670.58
246 $73,670.58 $599.50 $0.00 $416.54 $74,686.62
247 $74,686.62 $599.50 $0.00 $422.29 $75,708.41
248 $75,708.41 $599.50 $0.00 $428.07 $76,735.98
249 $76,735.98 $599.50 $0.00 $433.88 $77,769.36
250 $77,769.36 $599.50 $0.00 $439.72 $78,808.58
251 $78,808.58 $599.50 $0.00 $445.60 $79,853.68
252 $79,853.68 $599.50 $0.00 $451.50 $80,904.68
253 $80,904.68 $0.00 $81,364.04 $457.45 ($1.91)