Savings Plan and Future Cost Estimation for Daymar College Lancaster

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$115,662
Monthly savings required$514

How much will it cost to send your child to Daymar College Lancaster in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $231,323.95 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $513.88 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$33,063.00
Years until enrollment18
Annual Tuition Increase7%
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 $513.88 $0.00 $0.00 $513.88
2 $513.88 $513.88 $0.00 $2.91 $1,030.67
3 $1,030.67 $513.88 $0.00 $5.83 $1,550.38
4 $1,550.38 $513.88 $0.00 $8.77 $2,073.03
5 $2,073.03 $513.88 $0.00 $11.72 $2,598.63
6 $2,598.63 $513.88 $0.00 $14.69 $3,127.20
7 $3,127.20 $513.88 $0.00 $17.68 $3,658.76
8 $3,658.76 $513.88 $0.00 $20.69 $4,193.33
9 $4,193.33 $513.88 $0.00 $23.71 $4,730.92
10 $4,730.92 $513.88 $0.00 $26.75 $5,271.55
11 $5,271.55 $513.88 $0.00 $29.81 $5,815.24
12 $5,815.24 $513.88 $0.00 $32.88 $6,362.00
13 $6,362.00 $513.88 $0.00 $35.97 $6,911.85
14 $6,911.85 $513.88 $0.00 $39.08 $7,464.81
15 $7,464.81 $513.88 $0.00 $42.21 $8,020.90
16 $8,020.90 $513.88 $0.00 $45.35 $8,580.13
17 $8,580.13 $513.88 $0.00 $48.51 $9,142.52
18 $9,142.52 $513.88 $0.00 $51.69 $9,708.09
19 $9,708.09 $513.88 $0.00 $54.89 $10,276.86
20 $10,276.86 $513.88 $0.00 $58.11 $10,848.85
21 $10,848.85 $513.88 $0.00 $61.34 $11,424.07
22 $11,424.07 $513.88 $0.00 $64.59 $12,002.54
23 $12,002.54 $513.88 $0.00 $67.86 $12,584.28
24 $12,584.28 $513.88 $0.00 $71.15 $13,169.31
25 $13,169.31 $513.88 $0.00 $74.46 $13,757.65
26 $13,757.65 $513.88 $0.00 $77.79 $14,349.32
27 $14,349.32 $513.88 $0.00 $81.13 $14,944.33
28 $14,944.33 $513.88 $0.00 $84.50 $15,542.71
29 $15,542.71 $513.88 $0.00 $87.88 $16,144.47
30 $16,144.47 $513.88 $0.00 $91.28 $16,749.63
31 $16,749.63 $513.88 $0.00 $94.70 $17,358.21
32 $17,358.21 $513.88 $0.00 $98.15 $17,970.24
33 $17,970.24 $513.88 $0.00 $101.61 $18,585.73
34 $18,585.73 $513.88 $0.00 $105.09 $19,204.70
35 $19,204.70 $513.88 $0.00 $108.59 $19,827.17
36 $19,827.17 $513.88 $0.00 $112.11 $20,453.16
37 $20,453.16 $513.88 $0.00 $115.65 $21,082.69
38 $21,082.69 $513.88 $0.00 $119.20 $21,715.77
39 $21,715.77 $513.88 $0.00 $122.78 $22,352.43
40 $22,352.43 $513.88 $0.00 $126.38 $22,992.69
41 $22,992.69 $513.88 $0.00 $130.00 $23,636.57
42 $23,636.57 $513.88 $0.00 $133.64 $24,284.09
43 $24,284.09 $513.88 $0.00 $137.31 $24,935.28
44 $24,935.28 $513.88 $0.00 $140.99 $25,590.15
45 $25,590.15 $513.88 $0.00 $144.69 $26,248.72
46 $26,248.72 $513.88 $0.00 $148.41 $26,911.01
47 $26,911.01 $513.88 $0.00 $152.16 $27,577.05
48 $27,577.05 $513.88 $0.00 $155.92 $28,246.85
49 $28,246.85 $513.88 $0.00 $159.71 $28,920.44
50 $28,920.44 $513.88 $0.00 $163.52 $29,597.84
51 $29,597.84 $513.88 $0.00 $167.35 $30,279.07
52 $30,279.07 $513.88 $0.00 $171.20 $30,964.15
53 $30,964.15 $513.88 $0.00 $175.08 $31,653.11
54 $31,653.11 $513.88 $0.00 $178.97 $32,345.96
55 $32,345.96 $513.88 $0.00 $182.89 $33,042.73
56 $33,042.73 $513.88 $0.00 $186.83 $33,743.44
57 $33,743.44 $513.88 $0.00 $190.79 $34,448.11
58 $34,448.11 $513.88 $0.00 $194.77 $35,156.76
59 $35,156.76 $513.88 $0.00 $198.78 $35,869.42
60 $35,869.42 $513.88 $0.00 $202.81 $36,586.11
61 $36,586.11 $513.88 $0.00 $206.86 $37,306.85
62 $37,306.85 $513.88 $0.00 $210.94 $38,031.67
63 $38,031.67 $513.88 $0.00 $215.04 $38,760.59
64 $38,760.59 $513.88 $0.00 $219.16 $39,493.63
65 $39,493.63 $513.88 $0.00 $223.30 $40,230.81
66 $40,230.81 $513.88 $0.00 $227.47 $40,972.16
67 $40,972.16 $513.88 $0.00 $231.66 $41,717.70
68 $41,717.70 $513.88 $0.00 $235.88 $42,467.46
69 $42,467.46 $513.88 $0.00 $240.12 $43,221.46
70 $43,221.46 $513.88 $0.00 $244.38 $43,979.72
71 $43,979.72 $513.88 $0.00 $248.67 $44,742.27
72 $44,742.27 $513.88 $0.00 $252.98 $45,509.13
73 $45,509.13 $513.88 $0.00 $257.32 $46,280.33
74 $46,280.33 $513.88 $0.00 $261.68 $47,055.89
75 $47,055.89 $513.88 $0.00 $266.06 $47,835.83
76 $47,835.83 $513.88 $0.00 $270.47 $48,620.18
77 $48,620.18 $513.88 $0.00 $274.91 $49,408.97
78 $49,408.97 $513.88 $0.00 $279.37 $50,202.22
79 $50,202.22 $513.88 $0.00 $283.85 $50,999.95
80 $50,999.95 $513.88 $0.00 $288.36 $51,802.19
81 $51,802.19 $513.88 $0.00 $292.90 $52,608.97
82 $52,608.97 $513.88 $0.00 $297.46 $53,420.31
83 $53,420.31 $513.88 $0.00 $302.05 $54,236.24
84 $54,236.24 $513.88 $0.00 $306.66 $55,056.78
85 $55,056.78 $513.88 $0.00 $311.30 $55,881.96
86 $55,881.96 $513.88 $0.00 $315.96 $56,711.80
87 $56,711.80 $513.88 $0.00 $320.66 $57,546.34
88 $57,546.34 $513.88 $0.00 $325.38 $58,385.60
89 $58,385.60 $513.88 $0.00 $330.12 $59,229.60
90 $59,229.60 $513.88 $0.00 $334.89 $60,078.37
91 $60,078.37 $513.88 $0.00 $339.69 $60,931.94
92 $60,931.94 $513.88 $0.00 $344.52 $61,790.34
93 $61,790.34 $513.88 $0.00 $349.37 $62,653.59
94 $62,653.59 $513.88 $0.00 $354.25 $63,521.72
95 $63,521.72 $513.88 $0.00 $359.16 $64,394.76
96 $64,394.76 $513.88 $0.00 $364.10 $65,272.74
97 $65,272.74 $513.88 $0.00 $369.06 $66,155.68
98 $66,155.68 $513.88 $0.00 $374.05 $67,043.61
99 $67,043.61 $513.88 $0.00 $379.07 $67,936.56
100 $67,936.56 $513.88 $0.00 $384.12 $68,834.56
101 $68,834.56 $513.88 $0.00 $389.20 $69,737.64
102 $69,737.64 $513.88 $0.00 $394.31 $70,645.83
103 $70,645.83 $513.88 $0.00 $399.44 $71,559.15
104 $71,559.15 $513.88 $0.00 $404.61 $72,477.64
105 $72,477.64 $513.88 $0.00 $409.80 $73,401.32
106 $73,401.32 $513.88 $0.00 $415.02 $74,330.22
107 $74,330.22 $513.88 $0.00 $420.27 $75,264.37
108 $75,264.37 $513.88 $0.00 $425.56 $76,203.81
109 $76,203.81 $513.88 $0.00 $430.87 $77,148.56
110 $77,148.56 $513.88 $0.00 $436.21 $78,098.65
111 $78,098.65 $513.88 $0.00 $441.58 $79,054.11
112 $79,054.11 $513.88 $0.00 $446.98 $80,014.97
113 $80,014.97 $513.88 $0.00 $452.42 $80,981.27
114 $80,981.27 $513.88 $0.00 $457.88 $81,953.03
115 $81,953.03 $513.88 $0.00 $463.37 $82,930.28
116 $82,930.28 $513.88 $0.00 $468.90 $83,913.06
117 $83,913.06 $513.88 $0.00 $474.46 $84,901.40
118 $84,901.40 $513.88 $0.00 $480.04 $85,895.32
119 $85,895.32 $513.88 $0.00 $485.66 $86,894.86
120 $86,894.86 $513.88 $0.00 $491.32 $87,900.06
121 $87,900.06 $513.88 $0.00 $497.00 $88,910.94
122 $88,910.94 $513.88 $0.00 $502.72 $89,927.54
123 $89,927.54 $513.88 $0.00 $508.46 $90,949.88
124 $90,949.88 $513.88 $0.00 $514.24 $91,978.00
125 $91,978.00 $513.88 $0.00 $520.06 $93,011.94
126 $93,011.94 $513.88 $0.00 $525.90 $94,051.72
127 $94,051.72 $513.88 $0.00 $531.78 $95,097.38
128 $95,097.38 $513.88 $0.00 $537.69 $96,148.95
129 $96,148.95 $513.88 $0.00 $543.64 $97,206.47
130 $97,206.47 $513.88 $0.00 $549.62 $98,269.97
131 $98,269.97 $513.88 $0.00 $555.63 $99,339.48
132 $99,339.48 $513.88 $0.00 $561.68 $100,415.04
133 $100,415.04 $513.88 $0.00 $567.76 $101,496.68
134 $101,496.68 $513.88 $0.00 $573.88 $102,584.44
135 $102,584.44 $513.88 $0.00 $580.03 $103,678.35
136 $103,678.35 $513.88 $0.00 $586.21 $104,778.44
137 $104,778.44 $513.88 $0.00 $592.43 $105,884.75
138 $105,884.75 $513.88 $0.00 $598.69 $106,997.32
139 $106,997.32 $513.88 $0.00 $604.98 $108,116.18
140 $108,116.18 $513.88 $0.00 $611.30 $109,241.36
141 $109,241.36 $513.88 $0.00 $617.67 $110,372.91
142 $110,372.91 $513.88 $0.00 $624.06 $111,510.85
143 $111,510.85 $513.88 $0.00 $630.50 $112,655.23
144 $112,655.23 $513.88 $0.00 $636.97 $113,806.08
145 $113,806.08 $513.88 $0.00 $643.48 $114,963.44
146 $114,963.44 $513.88 $0.00 $650.02 $116,127.34
147 $116,127.34 $513.88 $0.00 $656.60 $117,297.82
148 $117,297.82 $513.88 $0.00 $663.22 $118,474.92
149 $118,474.92 $513.88 $0.00 $669.87 $119,658.67
150 $119,658.67 $513.88 $0.00 $676.57 $120,849.12
151 $120,849.12 $513.88 $0.00 $683.30 $122,046.30
152 $122,046.30 $513.88 $0.00 $690.07 $123,250.25
153 $123,250.25 $513.88 $0.00 $696.87 $124,461.00
154 $124,461.00 $513.88 $0.00 $703.72 $125,678.60
155 $125,678.60 $513.88 $0.00 $710.61 $126,903.09
156 $126,903.09 $513.88 $0.00 $717.53 $128,134.50
157 $128,134.50 $513.88 $0.00 $724.49 $129,372.87
158 $129,372.87 $513.88 $0.00 $731.49 $130,618.24
159 $130,618.24 $513.88 $0.00 $738.53 $131,870.65
160 $131,870.65 $513.88 $0.00 $745.62 $133,130.15
161 $133,130.15 $513.88 $0.00 $752.74 $134,396.77
162 $134,396.77 $513.88 $0.00 $759.90 $135,670.55
163 $135,670.55 $513.88 $0.00 $767.10 $136,951.53
164 $136,951.53 $513.88 $0.00 $774.34 $138,239.75
165 $138,239.75 $513.88 $0.00 $781.63 $139,535.26
166 $139,535.26 $513.88 $0.00 $788.95 $140,838.09
167 $140,838.09 $513.88 $0.00 $796.32 $142,148.29
168 $142,148.29 $513.88 $0.00 $803.73 $143,465.90
169 $143,465.90 $513.88 $0.00 $811.18 $144,790.96
170 $144,790.96 $513.88 $0.00 $818.67 $146,123.51
171 $146,123.51 $513.88 $0.00 $826.20 $147,463.59
172 $147,463.59 $513.88 $0.00 $833.78 $148,811.25
173 $148,811.25 $513.88 $0.00 $841.40 $150,166.53
174 $150,166.53 $513.88 $0.00 $849.06 $151,529.47
175 $151,529.47 $513.88 $0.00 $856.77 $152,900.12
176 $152,900.12 $513.88 $0.00 $864.52 $154,278.52
177 $154,278.52 $513.88 $0.00 $872.31 $155,664.71
178 $155,664.71 $513.88 $0.00 $880.15 $157,058.74
179 $157,058.74 $513.88 $0.00 $888.03 $158,460.65
180 $158,460.65 $513.88 $0.00 $895.96 $159,870.49
181 $159,870.49 $513.88 $0.00 $903.93 $161,288.30
182 $161,288.30 $513.88 $0.00 $911.95 $162,714.13
183 $162,714.13 $513.88 $0.00 $920.01 $164,148.02
184 $164,148.02 $513.88 $0.00 $928.12 $165,590.02
185 $165,590.02 $513.88 $0.00 $936.27 $167,040.17
186 $167,040.17 $513.88 $0.00 $944.47 $168,498.52
187 $168,498.52 $513.88 $0.00 $952.72 $169,965.12
188 $169,965.12 $513.88 $0.00 $961.01 $171,440.01
189 $171,440.01 $513.88 $0.00 $969.35 $172,923.24
190 $172,923.24 $513.88 $0.00 $977.73 $174,414.85
191 $174,414.85 $513.88 $0.00 $986.17 $175,914.90
192 $175,914.90 $513.88 $0.00 $994.65 $177,423.43
193 $177,423.43 $513.88 $0.00 $1,003.18 $178,940.49
194 $178,940.49 $513.88 $0.00 $1,011.76 $180,466.13
195 $180,466.13 $513.88 $0.00 $1,020.38 $182,000.39
196 $182,000.39 $513.88 $0.00 $1,029.06 $183,543.33
197 $183,543.33 $513.88 $0.00 $1,037.78 $185,094.99
198 $185,094.99 $513.88 $0.00 $1,046.55 $186,655.42
199 $186,655.42 $513.88 $0.00 $1,055.38 $188,224.68
200 $188,224.68 $513.88 $0.00 $1,064.25 $189,802.81
201 $189,802.81 $513.88 $0.00 $1,073.17 $191,389.86
202 $191,389.86 $513.88 $0.00 $1,082.15 $192,985.89
203 $192,985.89 $513.88 $0.00 $1,091.17 $194,590.94
204 $194,590.94 $513.88 $0.00 $1,100.25 $196,205.07
205 $196,205.07 $513.88 $0.00 $1,109.37 $197,828.32
206 $197,828.32 $513.88 $0.00 $1,118.55 $199,460.75
207 $199,460.75 $513.88 $0.00 $1,127.78 $201,102.41
208 $201,102.41 $513.88 $0.00 $1,137.06 $202,753.35
209 $202,753.35 $513.88 $0.00 $1,146.40 $204,413.63
210 $204,413.63 $513.88 $0.00 $1,155.78 $206,083.29
211 $206,083.29 $513.88 $0.00 $1,165.22 $207,762.39
212 $207,762.39 $513.88 $0.00 $1,174.72 $209,450.99
213 $209,450.99 $513.88 $0.00 $1,184.27 $211,149.14
214 $211,149.14 $513.88 $0.00 $1,193.87 $212,856.89
215 $212,856.89 $513.88 $0.00 $1,203.52 $214,574.29
216 $214,574.29 $513.88 $0.00 $1,213.23 $216,301.40
217 $216,301.40 $513.88 $111,750.70 $1,223.00 $106,287.58
218 $106,287.58 $513.88 $0.00 $600.97 $107,402.43
219 $107,402.43 $513.88 $0.00 $607.27 $108,523.58
220 $108,523.58 $513.88 $0.00 $613.61 $109,651.07
221 $109,651.07 $513.88 $0.00 $619.98 $110,784.93
222 $110,784.93 $513.88 $0.00 $626.39 $111,925.20
223 $111,925.20 $513.88 $0.00 $632.84 $113,071.92
224 $113,071.92 $513.88 $0.00 $639.33 $114,225.13
225 $114,225.13 $513.88 $0.00 $645.85 $115,384.86
226 $115,384.86 $513.88 $0.00 $652.40 $116,551.14
227 $116,551.14 $513.88 $0.00 $659.00 $117,724.02
228 $117,724.02 $513.88 $0.00 $665.63 $118,903.53
229 $118,903.53 $0.00 $119,573.25 $672.30 $2.58