Savings Plan and Future Cost Estimation for LIM College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$94,279
Monthly savings required$746

How much will it cost to send your child to LIM College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $377,114.60 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $746.30 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$36,356.00
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 $746.30 $0.00 $0.00 $746.30
2 $746.30 $746.30 $0.00 $4.22 $1,496.82
3 $1,496.82 $746.30 $0.00 $8.46 $2,251.58
4 $2,251.58 $746.30 $0.00 $12.73 $3,010.61
5 $3,010.61 $746.30 $0.00 $17.02 $3,773.93
6 $3,773.93 $746.30 $0.00 $21.34 $4,541.57
7 $4,541.57 $746.30 $0.00 $25.68 $5,313.55
8 $5,313.55 $746.30 $0.00 $30.04 $6,089.89
9 $6,089.89 $746.30 $0.00 $34.43 $6,870.62
10 $6,870.62 $746.30 $0.00 $38.85 $7,655.77
11 $7,655.77 $746.30 $0.00 $43.29 $8,445.36
12 $8,445.36 $746.30 $0.00 $47.75 $9,239.41
13 $9,239.41 $746.30 $0.00 $52.24 $10,037.95
14 $10,037.95 $746.30 $0.00 $56.76 $10,841.01
15 $10,841.01 $746.30 $0.00 $61.30 $11,648.61
16 $11,648.61 $746.30 $0.00 $65.86 $12,460.77
17 $12,460.77 $746.30 $0.00 $70.46 $13,277.53
18 $13,277.53 $746.30 $0.00 $75.07 $14,098.90
19 $14,098.90 $746.30 $0.00 $79.72 $14,924.92
20 $14,924.92 $746.30 $0.00 $84.39 $15,755.61
21 $15,755.61 $746.30 $0.00 $89.08 $16,590.99
22 $16,590.99 $746.30 $0.00 $93.81 $17,431.10
23 $17,431.10 $746.30 $0.00 $98.56 $18,275.96
24 $18,275.96 $746.30 $0.00 $103.33 $19,125.59
25 $19,125.59 $746.30 $0.00 $108.14 $19,980.03
26 $19,980.03 $746.30 $0.00 $112.97 $20,839.30
27 $20,839.30 $746.30 $0.00 $117.83 $21,703.43
28 $21,703.43 $746.30 $0.00 $122.71 $22,572.44
29 $22,572.44 $746.30 $0.00 $127.63 $23,446.37
30 $23,446.37 $746.30 $0.00 $132.57 $24,325.24
31 $24,325.24 $746.30 $0.00 $137.54 $25,209.08
32 $25,209.08 $746.30 $0.00 $142.54 $26,097.92
33 $26,097.92 $746.30 $0.00 $147.56 $26,991.78
34 $26,991.78 $746.30 $0.00 $152.62 $27,890.70
35 $27,890.70 $746.30 $0.00 $157.70 $28,794.70
36 $28,794.70 $746.30 $0.00 $162.81 $29,703.81
37 $29,703.81 $746.30 $0.00 $167.95 $30,618.06
38 $30,618.06 $746.30 $0.00 $173.12 $31,537.48
39 $31,537.48 $746.30 $0.00 $178.32 $32,462.10
40 $32,462.10 $746.30 $0.00 $183.55 $33,391.95
41 $33,391.95 $746.30 $0.00 $188.80 $34,327.05
42 $34,327.05 $746.30 $0.00 $194.09 $35,267.44
43 $35,267.44 $746.30 $0.00 $199.41 $36,213.15
44 $36,213.15 $746.30 $0.00 $204.75 $37,164.20
45 $37,164.20 $746.30 $0.00 $210.13 $38,120.63
46 $38,120.63 $746.30 $0.00 $215.54 $39,082.47
47 $39,082.47 $746.30 $0.00 $220.98 $40,049.75
48 $40,049.75 $746.30 $0.00 $226.45 $41,022.50
49 $41,022.50 $746.30 $0.00 $231.95 $42,000.75
50 $42,000.75 $746.30 $0.00 $237.48 $42,984.53
51 $42,984.53 $746.30 $0.00 $243.04 $43,973.87
52 $43,973.87 $746.30 $0.00 $248.63 $44,968.80
53 $44,968.80 $746.30 $0.00 $254.26 $45,969.36
54 $45,969.36 $746.30 $0.00 $259.92 $46,975.58
55 $46,975.58 $746.30 $0.00 $265.61 $47,987.49
56 $47,987.49 $746.30 $0.00 $271.33 $49,005.12
57 $49,005.12 $746.30 $0.00 $277.08 $50,028.50
58 $50,028.50 $746.30 $0.00 $282.87 $51,057.67
59 $51,057.67 $746.30 $0.00 $288.69 $52,092.66
60 $52,092.66 $746.30 $0.00 $294.54 $53,133.50
61 $53,133.50 $746.30 $0.00 $300.42 $54,180.22
62 $54,180.22 $746.30 $0.00 $306.34 $55,232.86
63 $55,232.86 $746.30 $0.00 $312.29 $56,291.45
64 $56,291.45 $746.30 $0.00 $318.28 $57,356.03
65 $57,356.03 $746.30 $0.00 $324.30 $58,426.63
66 $58,426.63 $746.30 $0.00 $330.35 $59,503.28
67 $59,503.28 $746.30 $0.00 $336.44 $60,586.02
68 $60,586.02 $746.30 $0.00 $342.56 $61,674.88
69 $61,674.88 $746.30 $0.00 $348.72 $62,769.90
70 $62,769.90 $746.30 $0.00 $354.91 $63,871.11
71 $63,871.11 $746.30 $0.00 $361.14 $64,978.55
72 $64,978.55 $746.30 $0.00 $367.40 $66,092.25
73 $66,092.25 $746.30 $0.00 $373.70 $67,212.25
74 $67,212.25 $746.30 $0.00 $380.03 $68,338.58
75 $68,338.58 $746.30 $0.00 $386.40 $69,471.28
76 $69,471.28 $746.30 $0.00 $392.80 $70,610.38
77 $70,610.38 $746.30 $0.00 $399.24 $71,755.92
78 $71,755.92 $746.30 $0.00 $405.72 $72,907.94
79 $72,907.94 $746.30 $0.00 $412.23 $74,066.47
80 $74,066.47 $746.30 $0.00 $418.78 $75,231.55
81 $75,231.55 $746.30 $0.00 $425.37 $76,403.22
82 $76,403.22 $746.30 $0.00 $431.99 $77,581.51
83 $77,581.51 $746.30 $0.00 $438.66 $78,766.47
84 $78,766.47 $746.30 $0.00 $445.36 $79,958.13
85 $79,958.13 $746.30 $0.00 $452.09 $81,156.52
86 $81,156.52 $746.30 $0.00 $458.87 $82,361.69
87 $82,361.69 $746.30 $0.00 $465.68 $83,573.67
88 $83,573.67 $746.30 $0.00 $472.54 $84,792.51
89 $84,792.51 $746.30 $0.00 $479.43 $86,018.24
90 $86,018.24 $746.30 $0.00 $486.36 $87,250.90
91 $87,250.90 $746.30 $0.00 $493.33 $88,490.53
92 $88,490.53 $746.30 $0.00 $500.34 $89,737.17
93 $89,737.17 $746.30 $0.00 $507.39 $90,990.86
94 $90,990.86 $746.30 $0.00 $514.48 $92,251.64
95 $92,251.64 $746.30 $0.00 $521.60 $93,519.54
96 $93,519.54 $746.30 $0.00 $528.77 $94,794.61
97 $94,794.61 $746.30 $0.00 $535.98 $96,076.89
98 $96,076.89 $746.30 $0.00 $543.23 $97,366.42
99 $97,366.42 $746.30 $0.00 $550.52 $98,663.24
100 $98,663.24 $746.30 $0.00 $557.86 $99,967.40
101 $99,967.40 $746.30 $0.00 $565.23 $101,278.93
102 $101,278.93 $746.30 $0.00 $572.65 $102,597.88
103 $102,597.88 $746.30 $0.00 $580.10 $103,924.28
104 $103,924.28 $746.30 $0.00 $587.60 $105,258.18
105 $105,258.18 $746.30 $0.00 $595.15 $106,599.63
106 $106,599.63 $746.30 $0.00 $602.73 $107,948.66
107 $107,948.66 $746.30 $0.00 $610.36 $109,305.32
108 $109,305.32 $746.30 $0.00 $618.03 $110,669.65
109 $110,669.65 $746.30 $0.00 $625.74 $112,041.69
110 $112,041.69 $746.30 $0.00 $633.50 $113,421.49
111 $113,421.49 $746.30 $0.00 $641.30 $114,809.09
112 $114,809.09 $746.30 $0.00 $649.15 $116,204.54
113 $116,204.54 $746.30 $0.00 $657.04 $117,607.88
114 $117,607.88 $746.30 $0.00 $664.97 $119,019.15
115 $119,019.15 $746.30 $0.00 $672.95 $120,438.40
116 $120,438.40 $746.30 $0.00 $680.98 $121,865.68
117 $121,865.68 $746.30 $0.00 $689.05 $123,301.03
118 $123,301.03 $746.30 $0.00 $697.16 $124,744.49
119 $124,744.49 $746.30 $0.00 $705.32 $126,196.11
120 $126,196.11 $746.30 $0.00 $713.53 $127,655.94
121 $127,655.94 $746.30 $0.00 $721.79 $129,124.03
122 $129,124.03 $746.30 $0.00 $730.09 $130,600.42
123 $130,600.42 $746.30 $0.00 $738.43 $132,085.15
124 $132,085.15 $746.30 $0.00 $746.83 $133,578.28
125 $133,578.28 $746.30 $0.00 $755.27 $135,079.85
126 $135,079.85 $746.30 $0.00 $763.76 $136,589.91
127 $136,589.91 $746.30 $0.00 $772.30 $138,108.51
128 $138,108.51 $746.30 $0.00 $780.89 $139,635.70
129 $139,635.70 $746.30 $0.00 $789.52 $141,171.52
130 $141,171.52 $746.30 $0.00 $798.20 $142,716.02
131 $142,716.02 $746.30 $0.00 $806.94 $144,269.26
132 $144,269.26 $746.30 $0.00 $815.72 $145,831.28
133 $145,831.28 $746.30 $0.00 $824.55 $147,402.13
134 $147,402.13 $746.30 $0.00 $833.43 $148,981.86
135 $148,981.86 $746.30 $0.00 $842.37 $150,570.53
136 $150,570.53 $746.30 $0.00 $851.35 $152,168.18
137 $152,168.18 $746.30 $0.00 $860.38 $153,774.86
138 $153,774.86 $746.30 $0.00 $869.47 $155,390.63
139 $155,390.63 $746.30 $0.00 $878.60 $157,015.53
140 $157,015.53 $746.30 $0.00 $887.79 $158,649.62
141 $158,649.62 $746.30 $0.00 $897.03 $160,292.95
142 $160,292.95 $746.30 $0.00 $906.32 $161,945.57
143 $161,945.57 $746.30 $0.00 $915.66 $163,607.53
144 $163,607.53 $746.30 $0.00 $925.06 $165,278.89
145 $165,278.89 $746.30 $0.00 $934.51 $166,959.70
146 $166,959.70 $746.30 $0.00 $944.01 $168,650.01
147 $168,650.01 $746.30 $0.00 $953.57 $170,349.88
148 $170,349.88 $746.30 $0.00 $963.18 $172,059.36
149 $172,059.36 $746.30 $0.00 $972.85 $173,778.51
150 $173,778.51 $746.30 $0.00 $982.57 $175,507.38
151 $175,507.38 $746.30 $0.00 $992.34 $177,246.02
152 $177,246.02 $746.30 $0.00 $1,002.17 $178,994.49
153 $178,994.49 $746.30 $0.00 $1,012.06 $180,752.85
154 $180,752.85 $746.30 $0.00 $1,022.00 $182,521.15
155 $182,521.15 $746.30 $0.00 $1,032.00 $184,299.45
156 $184,299.45 $746.30 $0.00 $1,042.06 $186,087.81
157 $186,087.81 $746.30 $0.00 $1,052.17 $187,886.28
158 $187,886.28 $746.30 $0.00 $1,062.34 $189,694.92
159 $189,694.92 $746.30 $0.00 $1,072.56 $191,513.78
160 $191,513.78 $746.30 $0.00 $1,082.85 $193,342.93
161 $193,342.93 $746.30 $0.00 $1,093.19 $195,182.42
162 $195,182.42 $746.30 $0.00 $1,103.59 $197,032.31
163 $197,032.31 $746.30 $0.00 $1,114.05 $198,892.66
164 $198,892.66 $746.30 $0.00 $1,124.57 $200,763.53
165 $200,763.53 $746.30 $0.00 $1,135.15 $202,644.98
166 $202,644.98 $746.30 $0.00 $1,145.78 $204,537.06
167 $204,537.06 $746.30 $0.00 $1,156.48 $206,439.84
168 $206,439.84 $746.30 $0.00 $1,167.24 $208,353.38
169 $208,353.38 $746.30 $0.00 $1,178.06 $210,277.74
170 $210,277.74 $746.30 $0.00 $1,188.94 $212,212.98
171 $212,212.98 $746.30 $0.00 $1,199.88 $214,159.16
172 $214,159.16 $746.30 $0.00 $1,210.89 $216,116.35
173 $216,116.35 $746.30 $0.00 $1,221.95 $218,084.60
174 $218,084.60 $746.30 $0.00 $1,233.08 $220,063.98
175 $220,063.98 $746.30 $0.00 $1,244.27 $222,054.55
176 $222,054.55 $746.30 $0.00 $1,255.53 $224,056.38
177 $224,056.38 $746.30 $0.00 $1,266.85 $226,069.53
178 $226,069.53 $746.30 $0.00 $1,278.23 $228,094.06
179 $228,094.06 $746.30 $0.00 $1,289.68 $230,130.04
180 $230,130.04 $746.30 $0.00 $1,301.19 $232,177.53
181 $232,177.53 $746.30 $0.00 $1,312.77 $234,236.60
182 $234,236.60 $746.30 $0.00 $1,324.41 $236,307.31
183 $236,307.31 $746.30 $0.00 $1,336.12 $238,389.73
184 $238,389.73 $746.30 $0.00 $1,347.89 $240,483.92
185 $240,483.92 $746.30 $0.00 $1,359.73 $242,589.95
186 $242,589.95 $746.30 $0.00 $1,371.64 $244,707.89
187 $244,707.89 $746.30 $0.00 $1,383.61 $246,837.80
188 $246,837.80 $746.30 $0.00 $1,395.66 $248,979.76
189 $248,979.76 $746.30 $0.00 $1,407.77 $251,133.83
190 $251,133.83 $746.30 $0.00 $1,419.95 $253,300.08
191 $253,300.08 $746.30 $0.00 $1,432.20 $255,478.58
192 $255,478.58 $746.30 $0.00 $1,444.51 $257,669.39
193 $257,669.39 $746.30 $0.00 $1,456.90 $259,872.59
194 $259,872.59 $746.30 $0.00 $1,469.36 $262,088.25
195 $262,088.25 $746.30 $0.00 $1,481.89 $264,316.44
196 $264,316.44 $746.30 $0.00 $1,494.48 $266,557.22
197 $266,557.22 $746.30 $0.00 $1,507.15 $268,810.67
198 $268,810.67 $746.30 $0.00 $1,519.89 $271,076.86
199 $271,076.86 $746.30 $0.00 $1,532.71 $273,355.87
200 $273,355.87 $746.30 $0.00 $1,545.59 $275,647.76
201 $275,647.76 $746.30 $0.00 $1,558.55 $277,952.61
202 $277,952.61 $746.30 $0.00 $1,571.58 $280,270.49
203 $280,270.49 $746.30 $0.00 $1,584.69 $282,601.48
204 $282,601.48 $746.30 $0.00 $1,597.87 $284,945.65
205 $284,945.65 $746.30 $0.00 $1,611.12 $287,303.07
206 $287,303.07 $746.30 $0.00 $1,624.45 $289,673.82
207 $289,673.82 $746.30 $0.00 $1,637.86 $292,057.98
208 $292,057.98 $746.30 $0.00 $1,651.34 $294,455.62
209 $294,455.62 $746.30 $0.00 $1,664.89 $296,866.81
210 $296,866.81 $746.30 $0.00 $1,678.53 $299,291.64
211 $299,291.64 $746.30 $0.00 $1,692.24 $301,730.18
212 $301,730.18 $746.30 $0.00 $1,706.03 $304,182.51
213 $304,182.51 $746.30 $0.00 $1,719.89 $306,648.70
214 $306,648.70 $746.30 $0.00 $1,733.84 $309,128.84
215 $309,128.84 $746.30 $0.00 $1,747.86 $311,623.00
216 $311,623.00 $746.30 $0.00 $1,761.96 $314,131.26
217 $314,131.26 $746.30 $87,495.05 $1,776.14 $229,158.65
218 $229,158.65 $746.30 $0.00 $1,295.70 $231,200.65
219 $231,200.65 $746.30 $0.00 $1,307.24 $233,254.19
220 $233,254.19 $746.30 $0.00 $1,318.85 $235,319.34
221 $235,319.34 $746.30 $0.00 $1,330.53 $237,396.17
222 $237,396.17 $746.30 $0.00 $1,342.27 $239,484.74
223 $239,484.74 $746.30 $0.00 $1,354.08 $241,585.12
224 $241,585.12 $746.30 $0.00 $1,365.96 $243,697.38
225 $243,697.38 $746.30 $0.00 $1,377.90 $245,821.58
226 $245,821.58 $746.30 $0.00 $1,389.91 $247,957.79
227 $247,957.79 $746.30 $0.00 $1,401.99 $250,106.08
228 $250,106.08 $746.30 $0.00 $1,414.14 $252,266.52
229 $252,266.52 $746.30 $91,869.80 $1,426.35 $162,569.37
230 $162,569.37 $746.30 $0.00 $919.19 $164,234.86
231 $164,234.86 $746.30 $0.00 $928.61 $165,909.77
232 $165,909.77 $746.30 $0.00 $938.08 $167,594.15
233 $167,594.15 $746.30 $0.00 $947.60 $169,288.05
234 $169,288.05 $746.30 $0.00 $957.18 $170,991.53
235 $170,991.53 $746.30 $0.00 $966.81 $172,704.64
236 $172,704.64 $746.30 $0.00 $976.50 $174,427.44
237 $174,427.44 $746.30 $0.00 $986.24 $176,159.98
238 $176,159.98 $746.30 $0.00 $996.03 $177,902.31
239 $177,902.31 $746.30 $0.00 $1,005.89 $179,654.50
240 $179,654.50 $746.30 $0.00 $1,015.79 $181,416.59
241 $181,416.59 $746.30 $96,463.29 $1,025.76 $86,725.36
242 $86,725.36 $746.30 $0.00 $490.36 $87,962.02
243 $87,962.02 $746.30 $0.00 $497.35 $89,205.67
244 $89,205.67 $746.30 $0.00 $504.38 $90,456.35
245 $90,456.35 $746.30 $0.00 $511.45 $91,714.10
246 $91,714.10 $746.30 $0.00 $518.56 $92,978.96
247 $92,978.96 $746.30 $0.00 $525.72 $94,250.98
248 $94,250.98 $746.30 $0.00 $532.91 $95,530.19
249 $95,530.19 $746.30 $0.00 $540.14 $96,816.63
250 $96,816.63 $746.30 $0.00 $547.42 $98,110.35
251 $98,110.35 $746.30 $0.00 $554.73 $99,411.38
252 $99,411.38 $746.30 $0.00 $562.09 $100,719.77
253 $100,719.77 $0.00 $101,286.46 $569.48 $2.79