Savings Plan and Future Cost Estimation for Lake Region State College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$40,147
Monthly savings required$178

How much will it cost to send your child to Lake Region State College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $80,293.84 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $178.42 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$16,275.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $178.42 $0.00 $0.00 $178.42
2 $178.42 $178.42 $0.00 $1.01 $357.85
3 $357.85 $178.42 $0.00 $2.02 $538.29
4 $538.29 $178.42 $0.00 $3.04 $719.75
5 $719.75 $178.42 $0.00 $4.07 $902.24
6 $902.24 $178.42 $0.00 $5.10 $1,085.76
7 $1,085.76 $178.42 $0.00 $6.14 $1,270.32
8 $1,270.32 $178.42 $0.00 $7.18 $1,455.92
9 $1,455.92 $178.42 $0.00 $8.23 $1,642.57
10 $1,642.57 $178.42 $0.00 $9.29 $1,830.28
11 $1,830.28 $178.42 $0.00 $10.35 $2,019.05
12 $2,019.05 $178.42 $0.00 $11.42 $2,208.89
13 $2,208.89 $178.42 $0.00 $12.49 $2,399.80
14 $2,399.80 $178.42 $0.00 $13.57 $2,591.79
15 $2,591.79 $178.42 $0.00 $14.65 $2,784.86
16 $2,784.86 $178.42 $0.00 $15.75 $2,979.03
17 $2,979.03 $178.42 $0.00 $16.84 $3,174.29
18 $3,174.29 $178.42 $0.00 $17.95 $3,370.66
19 $3,370.66 $178.42 $0.00 $19.06 $3,568.14
20 $3,568.14 $178.42 $0.00 $20.17 $3,766.73
21 $3,766.73 $178.42 $0.00 $21.30 $3,966.45
22 $3,966.45 $178.42 $0.00 $22.43 $4,167.30
23 $4,167.30 $178.42 $0.00 $23.56 $4,369.28
24 $4,369.28 $178.42 $0.00 $24.70 $4,572.40
25 $4,572.40 $178.42 $0.00 $25.85 $4,776.67
26 $4,776.67 $178.42 $0.00 $27.01 $4,982.10
27 $4,982.10 $178.42 $0.00 $28.17 $5,188.69
28 $5,188.69 $178.42 $0.00 $29.34 $5,396.45
29 $5,396.45 $178.42 $0.00 $30.51 $5,605.38
30 $5,605.38 $178.42 $0.00 $31.69 $5,815.49
31 $5,815.49 $178.42 $0.00 $32.88 $6,026.79
32 $6,026.79 $178.42 $0.00 $34.08 $6,239.29
33 $6,239.29 $178.42 $0.00 $35.28 $6,452.99
34 $6,452.99 $178.42 $0.00 $36.49 $6,667.90
35 $6,667.90 $178.42 $0.00 $37.70 $6,884.02
36 $6,884.02 $178.42 $0.00 $38.92 $7,101.36
37 $7,101.36 $178.42 $0.00 $40.15 $7,319.93
38 $7,319.93 $178.42 $0.00 $41.39 $7,539.74
39 $7,539.74 $178.42 $0.00 $42.63 $7,760.79
40 $7,760.79 $178.42 $0.00 $43.88 $7,983.09
41 $7,983.09 $178.42 $0.00 $45.14 $8,206.65
42 $8,206.65 $178.42 $0.00 $46.40 $8,431.47
43 $8,431.47 $178.42 $0.00 $47.67 $8,657.56
44 $8,657.56 $178.42 $0.00 $48.95 $8,884.93
45 $8,884.93 $178.42 $0.00 $50.24 $9,113.59
46 $9,113.59 $178.42 $0.00 $51.53 $9,343.54
47 $9,343.54 $178.42 $0.00 $52.83 $9,574.79
48 $9,574.79 $178.42 $0.00 $54.14 $9,807.35
49 $9,807.35 $178.42 $0.00 $55.45 $10,041.22
50 $10,041.22 $178.42 $0.00 $56.77 $10,276.41
51 $10,276.41 $178.42 $0.00 $58.10 $10,512.93
52 $10,512.93 $178.42 $0.00 $59.44 $10,750.79
53 $10,750.79 $178.42 $0.00 $60.79 $10,990.00
54 $10,990.00 $178.42 $0.00 $62.14 $11,230.56
55 $11,230.56 $178.42 $0.00 $63.50 $11,472.48
56 $11,472.48 $178.42 $0.00 $64.87 $11,715.77
57 $11,715.77 $178.42 $0.00 $66.24 $11,960.43
58 $11,960.43 $178.42 $0.00 $67.63 $12,206.48
59 $12,206.48 $178.42 $0.00 $69.02 $12,453.92
60 $12,453.92 $178.42 $0.00 $70.42 $12,702.76
61 $12,702.76 $178.42 $0.00 $71.82 $12,953.00
62 $12,953.00 $178.42 $0.00 $73.24 $13,204.66
63 $13,204.66 $178.42 $0.00 $74.66 $13,457.74
64 $13,457.74 $178.42 $0.00 $76.09 $13,712.25
65 $13,712.25 $178.42 $0.00 $77.53 $13,968.20
66 $13,968.20 $178.42 $0.00 $78.98 $14,225.60
67 $14,225.60 $178.42 $0.00 $80.43 $14,484.45
68 $14,484.45 $178.42 $0.00 $81.90 $14,744.77
69 $14,744.77 $178.42 $0.00 $83.37 $15,006.56
70 $15,006.56 $178.42 $0.00 $84.85 $15,269.83
71 $15,269.83 $178.42 $0.00 $86.34 $15,534.59
72 $15,534.59 $178.42 $0.00 $87.83 $15,800.84
73 $15,800.84 $178.42 $0.00 $89.34 $16,068.60
74 $16,068.60 $178.42 $0.00 $90.85 $16,337.87
75 $16,337.87 $178.42 $0.00 $92.38 $16,608.67
76 $16,608.67 $178.42 $0.00 $93.91 $16,881.00
77 $16,881.00 $178.42 $0.00 $95.45 $17,154.87
78 $17,154.87 $178.42 $0.00 $97.00 $17,430.29
79 $17,430.29 $178.42 $0.00 $98.55 $17,707.26
80 $17,707.26 $178.42 $0.00 $100.12 $17,985.80
81 $17,985.80 $178.42 $0.00 $101.69 $18,265.91
82 $18,265.91 $178.42 $0.00 $103.28 $18,547.61
83 $18,547.61 $178.42 $0.00 $104.87 $18,830.90
84 $18,830.90 $178.42 $0.00 $106.47 $19,115.79
85 $19,115.79 $178.42 $0.00 $108.08 $19,402.29
86 $19,402.29 $178.42 $0.00 $109.70 $19,690.41
87 $19,690.41 $178.42 $0.00 $111.33 $19,980.16
88 $19,980.16 $178.42 $0.00 $112.97 $20,271.55
89 $20,271.55 $178.42 $0.00 $114.62 $20,564.59
90 $20,564.59 $178.42 $0.00 $116.28 $20,859.29
91 $20,859.29 $178.42 $0.00 $117.94 $21,155.65
92 $21,155.65 $178.42 $0.00 $119.62 $21,453.69
93 $21,453.69 $178.42 $0.00 $121.30 $21,753.41
94 $21,753.41 $178.42 $0.00 $123.00 $22,054.83
95 $22,054.83 $178.42 $0.00 $124.70 $22,357.95
96 $22,357.95 $178.42 $0.00 $126.42 $22,662.79
97 $22,662.79 $178.42 $0.00 $128.14 $22,969.35
98 $22,969.35 $178.42 $0.00 $129.87 $23,277.64
99 $23,277.64 $178.42 $0.00 $131.62 $23,587.68
100 $23,587.68 $178.42 $0.00 $133.37 $23,899.47
101 $23,899.47 $178.42 $0.00 $135.13 $24,213.02
102 $24,213.02 $178.42 $0.00 $136.90 $24,528.34
103 $24,528.34 $178.42 $0.00 $138.69 $24,845.45
104 $24,845.45 $178.42 $0.00 $140.48 $25,164.35
105 $25,164.35 $178.42 $0.00 $142.28 $25,485.05
106 $25,485.05 $178.42 $0.00 $144.10 $25,807.57
107 $25,807.57 $178.42 $0.00 $145.92 $26,131.91
108 $26,131.91 $178.42 $0.00 $147.75 $26,458.08
109 $26,458.08 $178.42 $0.00 $149.60 $26,786.10
110 $26,786.10 $178.42 $0.00 $151.45 $27,115.97
111 $27,115.97 $178.42 $0.00 $153.32 $27,447.71
112 $27,447.71 $178.42 $0.00 $155.19 $27,781.32
113 $27,781.32 $178.42 $0.00 $157.08 $28,116.82
114 $28,116.82 $178.42 $0.00 $158.98 $28,454.22
115 $28,454.22 $178.42 $0.00 $160.88 $28,793.52
116 $28,793.52 $178.42 $0.00 $162.80 $29,134.74
117 $29,134.74 $178.42 $0.00 $164.73 $29,477.89
118 $29,477.89 $178.42 $0.00 $166.67 $29,822.98
119 $29,822.98 $178.42 $0.00 $168.62 $30,170.02
120 $30,170.02 $178.42 $0.00 $170.59 $30,519.03
121 $30,519.03 $178.42 $0.00 $172.56 $30,870.01
122 $30,870.01 $178.42 $0.00 $174.54 $31,222.97
123 $31,222.97 $178.42 $0.00 $176.54 $31,577.93
124 $31,577.93 $178.42 $0.00 $178.55 $31,934.90
125 $31,934.90 $178.42 $0.00 $180.56 $32,293.88
126 $32,293.88 $178.42 $0.00 $182.59 $32,654.89
127 $32,654.89 $178.42 $0.00 $184.64 $33,017.95
128 $33,017.95 $178.42 $0.00 $186.69 $33,383.06
129 $33,383.06 $178.42 $0.00 $188.75 $33,750.23
130 $33,750.23 $178.42 $0.00 $190.83 $34,119.48
131 $34,119.48 $178.42 $0.00 $192.92 $34,490.82
132 $34,490.82 $178.42 $0.00 $195.02 $34,864.26
133 $34,864.26 $178.42 $0.00 $197.13 $35,239.81
134 $35,239.81 $178.42 $0.00 $199.25 $35,617.48
135 $35,617.48 $178.42 $0.00 $201.39 $35,997.29
136 $35,997.29 $178.42 $0.00 $203.53 $36,379.24
137 $36,379.24 $178.42 $0.00 $205.69 $36,763.35
138 $36,763.35 $178.42 $0.00 $207.87 $37,149.64
139 $37,149.64 $178.42 $0.00 $210.05 $37,538.11
140 $37,538.11 $178.42 $0.00 $212.25 $37,928.78
141 $37,928.78 $178.42 $0.00 $214.45 $38,321.65
142 $38,321.65 $178.42 $0.00 $216.68 $38,716.75
143 $38,716.75 $178.42 $0.00 $218.91 $39,114.08
144 $39,114.08 $178.42 $0.00 $221.16 $39,513.66
145 $39,513.66 $178.42 $0.00 $223.42 $39,915.50
146 $39,915.50 $178.42 $0.00 $225.69 $40,319.61
147 $40,319.61 $178.42 $0.00 $227.97 $40,726.00
148 $40,726.00 $178.42 $0.00 $230.27 $41,134.69
149 $41,134.69 $178.42 $0.00 $232.58 $41,545.69
150 $41,545.69 $178.42 $0.00 $234.91 $41,959.02
151 $41,959.02 $178.42 $0.00 $237.24 $42,374.68
152 $42,374.68 $178.42 $0.00 $239.59 $42,792.69
153 $42,792.69 $178.42 $0.00 $241.96 $43,213.07
154 $43,213.07 $178.42 $0.00 $244.33 $43,635.82
155 $43,635.82 $178.42 $0.00 $246.72 $44,060.96
156 $44,060.96 $178.42 $0.00 $249.13 $44,488.51
157 $44,488.51 $178.42 $0.00 $251.54 $44,918.47
158 $44,918.47 $178.42 $0.00 $253.98 $45,350.87
159 $45,350.87 $178.42 $0.00 $256.42 $45,785.71
160 $45,785.71 $178.42 $0.00 $258.88 $46,223.01
161 $46,223.01 $178.42 $0.00 $261.35 $46,662.78
162 $46,662.78 $178.42 $0.00 $263.84 $47,105.04
163 $47,105.04 $178.42 $0.00 $266.34 $47,549.80
164 $47,549.80 $178.42 $0.00 $268.85 $47,997.07
165 $47,997.07 $178.42 $0.00 $271.38 $48,446.87
166 $48,446.87 $178.42 $0.00 $273.93 $48,899.22
167 $48,899.22 $178.42 $0.00 $276.48 $49,354.12
168 $49,354.12 $178.42 $0.00 $279.06 $49,811.60
169 $49,811.60 $178.42 $0.00 $281.64 $50,271.66
170 $50,271.66 $178.42 $0.00 $284.24 $50,734.32
171 $50,734.32 $178.42 $0.00 $286.86 $51,199.60
172 $51,199.60 $178.42 $0.00 $289.49 $51,667.51
173 $51,667.51 $178.42 $0.00 $292.14 $52,138.07
174 $52,138.07 $178.42 $0.00 $294.80 $52,611.29
175 $52,611.29 $178.42 $0.00 $297.47 $53,087.18
176 $53,087.18 $178.42 $0.00 $300.16 $53,565.76
177 $53,565.76 $178.42 $0.00 $302.87 $54,047.05
178 $54,047.05 $178.42 $0.00 $305.59 $54,531.06
179 $54,531.06 $178.42 $0.00 $308.33 $55,017.81
180 $55,017.81 $178.42 $0.00 $311.08 $55,507.31
181 $55,507.31 $178.42 $0.00 $313.85 $55,999.58
182 $55,999.58 $178.42 $0.00 $316.63 $56,494.63
183 $56,494.63 $178.42 $0.00 $319.43 $56,992.48
184 $56,992.48 $178.42 $0.00 $322.24 $57,493.14
185 $57,493.14 $178.42 $0.00 $325.07 $57,996.63
186 $57,996.63 $178.42 $0.00 $327.92 $58,502.97
187 $58,502.97 $178.42 $0.00 $330.78 $59,012.17
188 $59,012.17 $178.42 $0.00 $333.66 $59,524.25
189 $59,524.25 $178.42 $0.00 $336.56 $60,039.23
190 $60,039.23 $178.42 $0.00 $339.47 $60,557.12
191 $60,557.12 $178.42 $0.00 $342.40 $61,077.94
192 $61,077.94 $178.42 $0.00 $345.34 $61,601.70
193 $61,601.70 $178.42 $0.00 $348.30 $62,128.42
194 $62,128.42 $178.42 $0.00 $351.28 $62,658.12
195 $62,658.12 $178.42 $0.00 $354.28 $63,190.82
196 $63,190.82 $178.42 $0.00 $357.29 $63,726.53
197 $63,726.53 $178.42 $0.00 $360.32 $64,265.27
198 $64,265.27 $178.42 $0.00 $363.37 $64,807.06
199 $64,807.06 $178.42 $0.00 $366.43 $65,351.91
200 $65,351.91 $178.42 $0.00 $369.51 $65,899.84
201 $65,899.84 $178.42 $0.00 $372.61 $66,450.87
202 $66,450.87 $178.42 $0.00 $375.72 $67,005.01
203 $67,005.01 $178.42 $0.00 $378.86 $67,562.29
204 $67,562.29 $178.42 $0.00 $382.01 $68,122.72
205 $68,122.72 $178.42 $0.00 $385.18 $68,686.32
206 $68,686.32 $178.42 $0.00 $388.36 $69,253.10
207 $69,253.10 $178.42 $0.00 $391.57 $69,823.09
208 $69,823.09 $178.42 $0.00 $394.79 $70,396.30
209 $70,396.30 $178.42 $0.00 $398.03 $70,972.75
210 $70,972.75 $178.42 $0.00 $401.29 $71,552.46
211 $71,552.46 $178.42 $0.00 $404.57 $72,135.45
212 $72,135.45 $178.42 $0.00 $407.86 $72,721.73
213 $72,721.73 $178.42 $0.00 $411.18 $73,311.33
214 $73,311.33 $178.42 $0.00 $414.51 $73,904.26
215 $73,904.26 $178.42 $0.00 $417.87 $74,500.55
216 $74,500.55 $178.42 $0.00 $421.24 $75,100.21
217 $75,100.21 $178.42 $39,167.73 $424.63 $36,535.53
218 $36,535.53 $178.42 $0.00 $206.58 $36,920.53
219 $36,920.53 $178.42 $0.00 $208.75 $37,307.70
220 $37,307.70 $178.42 $0.00 $210.94 $37,697.06
221 $37,697.06 $178.42 $0.00 $213.14 $38,088.62
222 $38,088.62 $178.42 $0.00 $215.36 $38,482.40
223 $38,482.40 $178.42 $0.00 $217.59 $38,878.41
224 $38,878.41 $178.42 $0.00 $219.82 $39,276.65
225 $39,276.65 $178.42 $0.00 $222.08 $39,677.15
226 $39,677.15 $178.42 $0.00 $224.34 $40,079.91
227 $40,079.91 $178.42 $0.00 $226.62 $40,484.95
228 $40,484.95 $178.42 $0.00 $228.91 $40,892.28
229 $40,892.28 $0.00 $41,126.11 $231.21 ($2.62)