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 2041$80,498
Monthly savings required$637

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 $321,993.38 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $637.21 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$31,042.00
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 $637.21 $0.00 $0.00 $637.21
2 $637.21 $637.21 $0.00 $3.60 $1,278.02
3 $1,278.02 $637.21 $0.00 $7.23 $1,922.46
4 $1,922.46 $637.21 $0.00 $10.87 $2,570.54
5 $2,570.54 $637.21 $0.00 $14.53 $3,222.28
6 $3,222.28 $637.21 $0.00 $18.22 $3,877.71
7 $3,877.71 $637.21 $0.00 $21.93 $4,536.85
8 $4,536.85 $637.21 $0.00 $25.65 $5,199.71
9 $5,199.71 $637.21 $0.00 $29.40 $5,866.32
10 $5,866.32 $637.21 $0.00 $33.17 $6,536.70
11 $6,536.70 $637.21 $0.00 $36.96 $7,210.87
12 $7,210.87 $637.21 $0.00 $40.77 $7,888.85
13 $7,888.85 $637.21 $0.00 $44.60 $8,570.66
14 $8,570.66 $637.21 $0.00 $48.46 $9,256.33
15 $9,256.33 $637.21 $0.00 $52.34 $9,945.88
16 $9,945.88 $637.21 $0.00 $56.24 $10,639.33
17 $10,639.33 $637.21 $0.00 $60.16 $11,336.70
18 $11,336.70 $637.21 $0.00 $64.10 $12,038.01
19 $12,038.01 $637.21 $0.00 $68.06 $12,743.28
20 $12,743.28 $637.21 $0.00 $72.05 $13,452.54
21 $13,452.54 $637.21 $0.00 $76.06 $14,165.81
22 $14,165.81 $637.21 $0.00 $80.10 $14,883.12
23 $14,883.12 $637.21 $0.00 $84.15 $15,604.48
24 $15,604.48 $637.21 $0.00 $88.23 $16,329.92
25 $16,329.92 $637.21 $0.00 $92.33 $17,059.46
26 $17,059.46 $637.21 $0.00 $96.46 $17,793.13
27 $17,793.13 $637.21 $0.00 $100.60 $18,530.94
28 $18,530.94 $637.21 $0.00 $104.78 $19,272.93
29 $19,272.93 $637.21 $0.00 $108.97 $20,019.11
30 $20,019.11 $637.21 $0.00 $113.19 $20,769.51
31 $20,769.51 $637.21 $0.00 $117.43 $21,524.15
32 $21,524.15 $637.21 $0.00 $121.70 $22,283.06
33 $22,283.06 $637.21 $0.00 $125.99 $23,046.26
34 $23,046.26 $637.21 $0.00 $130.31 $23,813.78
35 $23,813.78 $637.21 $0.00 $134.65 $24,585.64
36 $24,585.64 $637.21 $0.00 $139.01 $25,361.86
37 $25,361.86 $637.21 $0.00 $143.40 $26,142.47
38 $26,142.47 $637.21 $0.00 $147.81 $26,927.49
39 $26,927.49 $637.21 $0.00 $152.25 $27,716.95
40 $27,716.95 $637.21 $0.00 $156.72 $28,510.88
41 $28,510.88 $637.21 $0.00 $161.20 $29,309.29
42 $29,309.29 $637.21 $0.00 $165.72 $30,112.22
43 $30,112.22 $637.21 $0.00 $170.26 $30,919.69
44 $30,919.69 $637.21 $0.00 $174.82 $31,731.72
45 $31,731.72 $637.21 $0.00 $179.42 $32,548.35
46 $32,548.35 $637.21 $0.00 $184.03 $33,369.59
47 $33,369.59 $637.21 $0.00 $188.68 $34,195.48
48 $34,195.48 $637.21 $0.00 $193.35 $35,026.04
49 $35,026.04 $637.21 $0.00 $198.04 $35,861.29
50 $35,861.29 $637.21 $0.00 $202.76 $36,701.26
51 $36,701.26 $637.21 $0.00 $207.51 $37,545.98
52 $37,545.98 $637.21 $0.00 $212.29 $38,395.48
53 $38,395.48 $637.21 $0.00 $217.09 $39,249.78
54 $39,249.78 $637.21 $0.00 $221.92 $40,108.91
55 $40,108.91 $637.21 $0.00 $226.78 $40,972.90
56 $40,972.90 $637.21 $0.00 $231.67 $41,841.78
57 $41,841.78 $637.21 $0.00 $236.58 $42,715.57
58 $42,715.57 $637.21 $0.00 $241.52 $43,594.30
59 $43,594.30 $637.21 $0.00 $246.49 $44,478.00
60 $44,478.00 $637.21 $0.00 $251.49 $45,366.70
61 $45,366.70 $637.21 $0.00 $256.51 $46,260.42
62 $46,260.42 $637.21 $0.00 $261.56 $47,159.19
63 $47,159.19 $637.21 $0.00 $266.64 $48,063.04
64 $48,063.04 $637.21 $0.00 $271.76 $48,972.01
65 $48,972.01 $637.21 $0.00 $276.89 $49,886.11
66 $49,886.11 $637.21 $0.00 $282.06 $50,805.38
67 $50,805.38 $637.21 $0.00 $287.26 $51,729.85
68 $51,729.85 $637.21 $0.00 $292.49 $52,659.55
69 $52,659.55 $637.21 $0.00 $297.74 $53,594.50
70 $53,594.50 $637.21 $0.00 $303.03 $54,534.74
71 $54,534.74 $637.21 $0.00 $308.35 $55,480.30
72 $55,480.30 $637.21 $0.00 $313.69 $56,431.20
73 $56,431.20 $637.21 $0.00 $319.07 $57,387.48
74 $57,387.48 $637.21 $0.00 $324.48 $58,349.17
75 $58,349.17 $637.21 $0.00 $329.91 $59,316.29
76 $59,316.29 $637.21 $0.00 $335.38 $60,288.88
77 $60,288.88 $637.21 $0.00 $340.88 $61,266.97
78 $61,266.97 $637.21 $0.00 $346.41 $62,250.59
79 $62,250.59 $637.21 $0.00 $351.97 $63,239.77
80 $63,239.77 $637.21 $0.00 $357.57 $64,234.55
81 $64,234.55 $637.21 $0.00 $363.19 $65,234.95
82 $65,234.95 $637.21 $0.00 $368.85 $66,241.01
83 $66,241.01 $637.21 $0.00 $374.54 $67,252.76
84 $67,252.76 $637.21 $0.00 $380.26 $68,270.23
85 $68,270.23 $637.21 $0.00 $386.01 $69,293.45
86 $69,293.45 $637.21 $0.00 $391.80 $70,322.46
87 $70,322.46 $637.21 $0.00 $397.61 $71,357.28
88 $71,357.28 $637.21 $0.00 $403.46 $72,397.95
89 $72,397.95 $637.21 $0.00 $409.35 $73,444.51
90 $73,444.51 $637.21 $0.00 $415.27 $74,496.99
91 $74,496.99 $637.21 $0.00 $421.22 $75,555.42
92 $75,555.42 $637.21 $0.00 $427.20 $76,619.83
93 $76,619.83 $637.21 $0.00 $433.22 $77,690.26
94 $77,690.26 $637.21 $0.00 $439.27 $78,766.74
95 $78,766.74 $637.21 $0.00 $445.36 $79,849.31
96 $79,849.31 $637.21 $0.00 $451.48 $80,938.00
97 $80,938.00 $637.21 $0.00 $457.64 $82,032.85
98 $82,032.85 $637.21 $0.00 $463.83 $83,133.89
99 $83,133.89 $637.21 $0.00 $470.05 $84,241.15
100 $84,241.15 $637.21 $0.00 $476.31 $85,354.67
101 $85,354.67 $637.21 $0.00 $482.61 $86,474.49
102 $86,474.49 $637.21 $0.00 $488.94 $87,600.64
103 $87,600.64 $637.21 $0.00 $495.31 $88,733.16
104 $88,733.16 $637.21 $0.00 $501.71 $89,872.08
105 $89,872.08 $637.21 $0.00 $508.15 $91,017.44
106 $91,017.44 $637.21 $0.00 $514.63 $92,169.28
107 $92,169.28 $637.21 $0.00 $521.14 $93,327.63
108 $93,327.63 $637.21 $0.00 $527.69 $94,492.53
109 $94,492.53 $637.21 $0.00 $534.27 $95,664.01
110 $95,664.01 $637.21 $0.00 $540.90 $96,842.12
111 $96,842.12 $637.21 $0.00 $547.56 $98,026.89
112 $98,026.89 $637.21 $0.00 $554.26 $99,218.36
113 $99,218.36 $637.21 $0.00 $561.00 $100,416.57
114 $100,416.57 $637.21 $0.00 $567.77 $101,621.55
115 $101,621.55 $637.21 $0.00 $574.58 $102,833.34
116 $102,833.34 $637.21 $0.00 $581.43 $104,051.98
117 $104,051.98 $637.21 $0.00 $588.33 $105,277.52
118 $105,277.52 $637.21 $0.00 $595.25 $106,509.98
119 $106,509.98 $637.21 $0.00 $602.22 $107,749.41
120 $107,749.41 $637.21 $0.00 $609.23 $108,995.85
121 $108,995.85 $637.21 $0.00 $616.28 $110,249.34
122 $110,249.34 $637.21 $0.00 $623.37 $111,509.92
123 $111,509.92 $637.21 $0.00 $630.49 $112,777.62
124 $112,777.62 $637.21 $0.00 $637.66 $114,052.49
125 $114,052.49 $637.21 $0.00 $644.87 $115,334.57
126 $115,334.57 $637.21 $0.00 $652.12 $116,623.90
127 $116,623.90 $637.21 $0.00 $659.41 $117,920.52
128 $117,920.52 $637.21 $0.00 $666.74 $119,224.47
129 $119,224.47 $637.21 $0.00 $674.11 $120,535.79
130 $120,535.79 $637.21 $0.00 $681.53 $121,854.53
131 $121,854.53 $637.21 $0.00 $688.98 $123,180.72
132 $123,180.72 $637.21 $0.00 $696.48 $124,514.41
133 $124,514.41 $637.21 $0.00 $704.02 $125,855.64
134 $125,855.64 $637.21 $0.00 $711.61 $127,204.46
135 $127,204.46 $637.21 $0.00 $719.23 $128,560.90
136 $128,560.90 $637.21 $0.00 $726.90 $129,925.01
137 $129,925.01 $637.21 $0.00 $734.61 $131,296.83
138 $131,296.83 $637.21 $0.00 $742.37 $132,676.41
139 $132,676.41 $637.21 $0.00 $750.17 $134,063.79
140 $134,063.79 $637.21 $0.00 $758.02 $135,459.02
141 $135,459.02 $637.21 $0.00 $765.90 $136,862.13
142 $136,862.13 $637.21 $0.00 $773.84 $138,273.18
143 $138,273.18 $637.21 $0.00 $781.82 $139,692.21
144 $139,692.21 $637.21 $0.00 $789.84 $141,119.26
145 $141,119.26 $637.21 $0.00 $797.91 $142,554.38
146 $142,554.38 $637.21 $0.00 $806.02 $143,997.61
147 $143,997.61 $637.21 $0.00 $814.18 $145,449.00
148 $145,449.00 $637.21 $0.00 $822.39 $146,908.60
149 $146,908.60 $637.21 $0.00 $830.64 $148,376.45
150 $148,376.45 $637.21 $0.00 $838.94 $149,852.60
151 $149,852.60 $637.21 $0.00 $847.29 $151,337.10
152 $151,337.10 $637.21 $0.00 $855.68 $152,829.99
153 $152,829.99 $637.21 $0.00 $864.12 $154,331.32
154 $154,331.32 $637.21 $0.00 $872.61 $155,841.14
155 $155,841.14 $637.21 $0.00 $881.15 $157,359.50
156 $157,359.50 $637.21 $0.00 $889.73 $158,886.44
157 $158,886.44 $637.21 $0.00 $898.37 $160,422.02
158 $160,422.02 $637.21 $0.00 $907.05 $161,966.28
159 $161,966.28 $637.21 $0.00 $915.78 $163,519.27
160 $163,519.27 $637.21 $0.00 $924.56 $165,081.04
161 $165,081.04 $637.21 $0.00 $933.39 $166,651.64
162 $166,651.64 $637.21 $0.00 $942.27 $168,231.12
163 $168,231.12 $637.21 $0.00 $951.20 $169,819.53
164 $169,819.53 $637.21 $0.00 $960.18 $171,416.92
165 $171,416.92 $637.21 $0.00 $969.22 $173,023.35
166 $173,023.35 $637.21 $0.00 $978.30 $174,638.86
167 $174,638.86 $637.21 $0.00 $987.43 $176,263.50
168 $176,263.50 $637.21 $0.00 $996.62 $177,897.33
169 $177,897.33 $637.21 $0.00 $1,005.86 $179,540.40
170 $179,540.40 $637.21 $0.00 $1,015.15 $181,192.76
171 $181,192.76 $637.21 $0.00 $1,024.49 $182,854.46
172 $182,854.46 $637.21 $0.00 $1,033.89 $184,525.56
173 $184,525.56 $637.21 $0.00 $1,043.33 $186,206.10
174 $186,206.10 $637.21 $0.00 $1,052.84 $187,896.15
175 $187,896.15 $637.21 $0.00 $1,062.39 $189,595.75
176 $189,595.75 $637.21 $0.00 $1,072.00 $191,304.96
177 $191,304.96 $637.21 $0.00 $1,081.67 $193,023.84
178 $193,023.84 $637.21 $0.00 $1,091.38 $194,752.43
179 $194,752.43 $637.21 $0.00 $1,101.16 $196,490.80
180 $196,490.80 $637.21 $0.00 $1,110.99 $198,239.00
181 $198,239.00 $637.21 $0.00 $1,120.87 $199,997.08
182 $199,997.08 $637.21 $0.00 $1,130.81 $201,765.10
183 $201,765.10 $637.21 $0.00 $1,140.81 $203,543.12
184 $203,543.12 $637.21 $0.00 $1,150.86 $205,331.19
185 $205,331.19 $637.21 $0.00 $1,160.97 $207,129.37
186 $207,129.37 $637.21 $0.00 $1,171.14 $208,937.72
187 $208,937.72 $637.21 $0.00 $1,181.36 $210,756.29
188 $210,756.29 $637.21 $0.00 $1,191.65 $212,585.15
189 $212,585.15 $637.21 $0.00 $1,201.99 $214,424.35
190 $214,424.35 $637.21 $0.00 $1,212.39 $216,273.95
191 $216,273.95 $637.21 $0.00 $1,222.84 $218,134.00
192 $218,134.00 $637.21 $0.00 $1,233.36 $220,004.57
193 $220,004.57 $637.21 $0.00 $1,243.94 $221,885.72
194 $221,885.72 $637.21 $0.00 $1,254.57 $223,777.50
195 $223,777.50 $637.21 $0.00 $1,265.27 $225,679.98
196 $225,679.98 $637.21 $0.00 $1,276.03 $227,593.22
197 $227,593.22 $637.21 $0.00 $1,286.85 $229,517.28
198 $229,517.28 $637.21 $0.00 $1,297.72 $231,452.21
199 $231,452.21 $637.21 $0.00 $1,308.66 $233,398.08
200 $233,398.08 $637.21 $0.00 $1,319.67 $235,354.96
201 $235,354.96 $637.21 $0.00 $1,330.73 $237,322.90
202 $237,322.90 $637.21 $0.00 $1,341.86 $239,301.97
203 $239,301.97 $637.21 $0.00 $1,353.05 $241,292.23
204 $241,292.23 $637.21 $0.00 $1,364.30 $243,293.74
205 $243,293.74 $637.21 $0.00 $1,375.62 $245,306.57
206 $245,306.57 $637.21 $0.00 $1,387.00 $247,330.78
207 $247,330.78 $637.21 $0.00 $1,398.44 $249,366.43
208 $249,366.43 $637.21 $0.00 $1,409.95 $251,413.59
209 $251,413.59 $637.21 $0.00 $1,421.53 $253,472.33
210 $253,472.33 $637.21 $0.00 $1,433.17 $255,542.71
211 $255,542.71 $637.21 $0.00 $1,444.88 $257,624.80
212 $257,624.80 $637.21 $0.00 $1,456.65 $259,718.66
213 $259,718.66 $637.21 $0.00 $1,468.49 $261,824.36
214 $261,824.36 $637.21 $0.00 $1,480.39 $263,941.96
215 $263,941.96 $637.21 $0.00 $1,492.37 $266,071.54
216 $266,071.54 $637.21 $0.00 $1,504.41 $268,213.16
217 $268,213.16 $637.21 $74,706.27 $1,516.52 $195,660.62
218 $195,660.62 $637.21 $0.00 $1,106.29 $197,404.12
219 $197,404.12 $637.21 $0.00 $1,116.15 $199,157.48
220 $199,157.48 $637.21 $0.00 $1,126.07 $200,920.76
221 $200,920.76 $637.21 $0.00 $1,136.04 $202,694.01
222 $202,694.01 $637.21 $0.00 $1,146.06 $204,477.28
223 $204,477.28 $637.21 $0.00 $1,156.14 $206,270.63
224 $206,270.63 $637.21 $0.00 $1,166.28 $208,074.12
225 $208,074.12 $637.21 $0.00 $1,176.48 $209,887.81
226 $209,887.81 $637.21 $0.00 $1,186.74 $211,711.76
227 $211,711.76 $637.21 $0.00 $1,197.05 $213,546.02
228 $213,546.02 $637.21 $0.00 $1,207.42 $215,390.65
229 $215,390.65 $637.21 $78,441.59 $1,217.85 $138,804.12
230 $138,804.12 $637.21 $0.00 $784.82 $140,226.15
231 $140,226.15 $637.21 $0.00 $792.86 $141,656.22
232 $141,656.22 $637.21 $0.00 $800.94 $143,094.37
233 $143,094.37 $637.21 $0.00 $809.08 $144,540.66
234 $144,540.66 $637.21 $0.00 $817.25 $145,995.12
235 $145,995.12 $637.21 $0.00 $825.48 $147,457.81
236 $147,457.81 $637.21 $0.00 $833.75 $148,928.77
237 $148,928.77 $637.21 $0.00 $842.06 $150,408.04
238 $150,408.04 $637.21 $0.00 $850.43 $151,895.68
239 $151,895.68 $637.21 $0.00 $858.84 $153,391.73
240 $153,391.73 $637.21 $0.00 $867.30 $154,896.24
241 $154,896.24 $637.21 $82,363.67 $875.81 $74,045.59
242 $74,045.59 $637.21 $0.00 $418.66 $75,101.46
243 $75,101.46 $637.21 $0.00 $424.63 $76,163.30
244 $76,163.30 $637.21 $0.00 $430.64 $77,231.15
245 $77,231.15 $637.21 $0.00 $436.68 $78,305.04
246 $78,305.04 $637.21 $0.00 $442.75 $79,385.00
247 $79,385.00 $637.21 $0.00 $448.85 $80,471.06
248 $80,471.06 $637.21 $0.00 $455.00 $81,563.27
249 $81,563.27 $637.21 $0.00 $461.17 $82,661.65
250 $82,661.65 $637.21 $0.00 $467.38 $83,766.24
251 $83,766.24 $637.21 $0.00 $473.63 $84,877.08
252 $84,877.08 $637.21 $0.00 $479.91 $85,994.20
253 $85,994.20 $0.00 $86,481.85 $486.22 ($1.43)