Savings Plan and Future Cost Estimation for Lafayette College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$295,835
Monthly savings required$2,338

How much will it cost to send your child to Lafayette College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,183,338.85 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,338.05 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$78,854.00
Years until enrollment18
Annual Tuition Increase7%
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 $2,338.05 $0.00 $0.00 $2,338.05
2 $2,338.05 $2,338.05 $0.00 $13.22 $4,689.32
3 $4,689.32 $2,338.05 $0.00 $26.51 $7,053.88
4 $7,053.88 $2,338.05 $0.00 $39.88 $9,431.81
5 $9,431.81 $2,338.05 $0.00 $53.33 $11,823.19
6 $11,823.19 $2,338.05 $0.00 $66.85 $14,228.09
7 $14,228.09 $2,338.05 $0.00 $80.45 $16,646.59
8 $16,646.59 $2,338.05 $0.00 $94.12 $19,078.76
9 $19,078.76 $2,338.05 $0.00 $107.87 $21,524.68
10 $21,524.68 $2,338.05 $0.00 $121.70 $23,984.43
11 $23,984.43 $2,338.05 $0.00 $135.61 $26,458.09
12 $26,458.09 $2,338.05 $0.00 $149.60 $28,945.74
13 $28,945.74 $2,338.05 $0.00 $163.66 $31,447.45
14 $31,447.45 $2,338.05 $0.00 $177.81 $33,963.31
15 $33,963.31 $2,338.05 $0.00 $192.03 $36,493.39
16 $36,493.39 $2,338.05 $0.00 $206.34 $39,037.78
17 $39,037.78 $2,338.05 $0.00 $220.73 $41,596.56
18 $41,596.56 $2,338.05 $0.00 $235.19 $44,169.80
19 $44,169.80 $2,338.05 $0.00 $249.74 $46,757.59
20 $46,757.59 $2,338.05 $0.00 $264.37 $49,360.01
21 $49,360.01 $2,338.05 $0.00 $279.09 $51,977.15
22 $51,977.15 $2,338.05 $0.00 $293.89 $54,609.09
23 $54,609.09 $2,338.05 $0.00 $308.77 $57,255.91
24 $57,255.91 $2,338.05 $0.00 $323.73 $59,917.69
25 $59,917.69 $2,338.05 $0.00 $338.78 $62,594.52
26 $62,594.52 $2,338.05 $0.00 $353.92 $65,286.49
27 $65,286.49 $2,338.05 $0.00 $369.14 $67,993.68
28 $67,993.68 $2,338.05 $0.00 $384.45 $70,716.18
29 $70,716.18 $2,338.05 $0.00 $399.84 $73,454.07
30 $73,454.07 $2,338.05 $0.00 $415.32 $76,207.44
31 $76,207.44 $2,338.05 $0.00 $430.89 $78,976.38
32 $78,976.38 $2,338.05 $0.00 $446.54 $81,760.97
33 $81,760.97 $2,338.05 $0.00 $462.29 $84,561.31
34 $84,561.31 $2,338.05 $0.00 $478.12 $87,377.48
35 $87,377.48 $2,338.05 $0.00 $494.04 $90,209.57
36 $90,209.57 $2,338.05 $0.00 $510.06 $93,057.68
37 $93,057.68 $2,338.05 $0.00 $526.16 $95,921.89
38 $95,921.89 $2,338.05 $0.00 $542.36 $98,802.30
39 $98,802.30 $2,338.05 $0.00 $558.64 $101,698.99
40 $101,698.99 $2,338.05 $0.00 $575.02 $104,612.06
41 $104,612.06 $2,338.05 $0.00 $591.49 $107,541.60
42 $107,541.60 $2,338.05 $0.00 $608.06 $110,487.71
43 $110,487.71 $2,338.05 $0.00 $624.71 $113,450.47
44 $113,450.47 $2,338.05 $0.00 $641.47 $116,429.99
45 $116,429.99 $2,338.05 $0.00 $658.31 $119,426.35
46 $119,426.35 $2,338.05 $0.00 $675.25 $122,439.65
47 $122,439.65 $2,338.05 $0.00 $692.29 $125,469.99
48 $125,469.99 $2,338.05 $0.00 $709.43 $128,517.47
49 $128,517.47 $2,338.05 $0.00 $726.66 $131,582.18
50 $131,582.18 $2,338.05 $0.00 $743.98 $134,664.21
51 $134,664.21 $2,338.05 $0.00 $761.41 $137,763.67
52 $137,763.67 $2,338.05 $0.00 $778.94 $140,880.66
53 $140,880.66 $2,338.05 $0.00 $796.56 $144,015.27
54 $144,015.27 $2,338.05 $0.00 $814.28 $147,167.60
55 $147,167.60 $2,338.05 $0.00 $832.11 $150,337.76
56 $150,337.76 $2,338.05 $0.00 $850.03 $153,525.84
57 $153,525.84 $2,338.05 $0.00 $868.06 $156,731.95
58 $156,731.95 $2,338.05 $0.00 $886.19 $159,956.19
59 $159,956.19 $2,338.05 $0.00 $904.42 $163,198.66
60 $163,198.66 $2,338.05 $0.00 $922.75 $166,459.46
61 $166,459.46 $2,338.05 $0.00 $941.19 $169,738.70
62 $169,738.70 $2,338.05 $0.00 $959.73 $173,036.48
63 $173,036.48 $2,338.05 $0.00 $978.37 $176,352.90
64 $176,352.90 $2,338.05 $0.00 $997.12 $179,688.07
65 $179,688.07 $2,338.05 $0.00 $1,015.98 $183,042.10
66 $183,042.10 $2,338.05 $0.00 $1,034.95 $186,415.10
67 $186,415.10 $2,338.05 $0.00 $1,054.02 $189,807.17
68 $189,807.17 $2,338.05 $0.00 $1,073.20 $193,218.42
69 $193,218.42 $2,338.05 $0.00 $1,092.49 $196,648.96
70 $196,648.96 $2,338.05 $0.00 $1,111.88 $200,098.89
71 $200,098.89 $2,338.05 $0.00 $1,131.39 $203,568.33
72 $203,568.33 $2,338.05 $0.00 $1,151.00 $207,057.38
73 $207,057.38 $2,338.05 $0.00 $1,170.73 $210,566.16
74 $210,566.16 $2,338.05 $0.00 $1,190.57 $214,094.78
75 $214,094.78 $2,338.05 $0.00 $1,210.52 $217,643.35
76 $217,643.35 $2,338.05 $0.00 $1,230.59 $221,211.99
77 $221,211.99 $2,338.05 $0.00 $1,250.76 $224,800.80
78 $224,800.80 $2,338.05 $0.00 $1,271.06 $228,409.91
79 $228,409.91 $2,338.05 $0.00 $1,291.46 $232,039.42
80 $232,039.42 $2,338.05 $0.00 $1,311.98 $235,689.45
81 $235,689.45 $2,338.05 $0.00 $1,332.62 $239,360.12
82 $239,360.12 $2,338.05 $0.00 $1,353.38 $243,051.55
83 $243,051.55 $2,338.05 $0.00 $1,374.25 $246,763.85
84 $246,763.85 $2,338.05 $0.00 $1,395.24 $250,497.14
85 $250,497.14 $2,338.05 $0.00 $1,416.35 $254,251.54
86 $254,251.54 $2,338.05 $0.00 $1,437.58 $258,027.17
87 $258,027.17 $2,338.05 $0.00 $1,458.92 $261,824.14
88 $261,824.14 $2,338.05 $0.00 $1,480.39 $265,642.58
89 $265,642.58 $2,338.05 $0.00 $1,501.98 $269,482.61
90 $269,482.61 $2,338.05 $0.00 $1,523.69 $273,344.35
91 $273,344.35 $2,338.05 $0.00 $1,545.53 $277,227.93
92 $277,227.93 $2,338.05 $0.00 $1,567.49 $281,133.47
93 $281,133.47 $2,338.05 $0.00 $1,589.57 $285,061.09
94 $285,061.09 $2,338.05 $0.00 $1,611.78 $289,010.92
95 $289,010.92 $2,338.05 $0.00 $1,634.11 $292,983.08
96 $292,983.08 $2,338.05 $0.00 $1,656.57 $296,977.70
97 $296,977.70 $2,338.05 $0.00 $1,679.16 $300,994.91
98 $300,994.91 $2,338.05 $0.00 $1,701.87 $305,034.83
99 $305,034.83 $2,338.05 $0.00 $1,724.71 $309,097.59
100 $309,097.59 $2,338.05 $0.00 $1,747.68 $313,183.32
101 $313,183.32 $2,338.05 $0.00 $1,770.78 $317,292.15
102 $317,292.15 $2,338.05 $0.00 $1,794.02 $321,424.22
103 $321,424.22 $2,338.05 $0.00 $1,817.38 $325,579.65
104 $325,579.65 $2,338.05 $0.00 $1,840.87 $329,758.57
105 $329,758.57 $2,338.05 $0.00 $1,864.50 $333,961.12
106 $333,961.12 $2,338.05 $0.00 $1,888.26 $338,187.43
107 $338,187.43 $2,338.05 $0.00 $1,912.16 $342,437.64
108 $342,437.64 $2,338.05 $0.00 $1,936.19 $346,711.88
109 $346,711.88 $2,338.05 $0.00 $1,960.36 $351,010.29
110 $351,010.29 $2,338.05 $0.00 $1,984.66 $355,333.00
111 $355,333.00 $2,338.05 $0.00 $2,009.10 $359,680.15
112 $359,680.15 $2,338.05 $0.00 $2,033.68 $364,051.88
113 $364,051.88 $2,338.05 $0.00 $2,058.40 $368,448.33
114 $368,448.33 $2,338.05 $0.00 $2,083.26 $372,869.64
115 $372,869.64 $2,338.05 $0.00 $2,108.26 $377,315.95
116 $377,315.95 $2,338.05 $0.00 $2,133.40 $381,787.40
117 $381,787.40 $2,338.05 $0.00 $2,158.68 $386,284.13
118 $386,284.13 $2,338.05 $0.00 $2,184.11 $390,806.29
119 $390,806.29 $2,338.05 $0.00 $2,209.68 $395,354.02
120 $395,354.02 $2,338.05 $0.00 $2,235.39 $399,927.46
121 $399,927.46 $2,338.05 $0.00 $2,261.25 $404,526.76
122 $404,526.76 $2,338.05 $0.00 $2,287.25 $409,152.06
123 $409,152.06 $2,338.05 $0.00 $2,313.41 $413,803.52
124 $413,803.52 $2,338.05 $0.00 $2,339.71 $418,481.28
125 $418,481.28 $2,338.05 $0.00 $2,366.15 $423,185.48
126 $423,185.48 $2,338.05 $0.00 $2,392.75 $427,916.28
127 $427,916.28 $2,338.05 $0.00 $2,419.50 $432,673.83
128 $432,673.83 $2,338.05 $0.00 $2,446.40 $437,458.28
129 $437,458.28 $2,338.05 $0.00 $2,473.45 $442,269.78
130 $442,269.78 $2,338.05 $0.00 $2,500.66 $447,108.49
131 $447,108.49 $2,338.05 $0.00 $2,528.02 $451,974.56
132 $451,974.56 $2,338.05 $0.00 $2,555.53 $456,868.14
133 $456,868.14 $2,338.05 $0.00 $2,583.20 $461,789.39
134 $461,789.39 $2,338.05 $0.00 $2,611.02 $466,738.46
135 $466,738.46 $2,338.05 $0.00 $2,639.01 $471,715.52
136 $471,715.52 $2,338.05 $0.00 $2,667.15 $476,720.72
137 $476,720.72 $2,338.05 $0.00 $2,695.45 $481,754.22
138 $481,754.22 $2,338.05 $0.00 $2,723.91 $486,816.18
139 $486,816.18 $2,338.05 $0.00 $2,752.53 $491,906.76
140 $491,906.76 $2,338.05 $0.00 $2,781.31 $497,026.12
141 $497,026.12 $2,338.05 $0.00 $2,810.26 $502,174.43
142 $502,174.43 $2,338.05 $0.00 $2,839.37 $507,351.85
143 $507,351.85 $2,338.05 $0.00 $2,868.64 $512,558.54
144 $512,558.54 $2,338.05 $0.00 $2,898.08 $517,794.67
145 $517,794.67 $2,338.05 $0.00 $2,927.69 $523,060.41
146 $523,060.41 $2,338.05 $0.00 $2,957.46 $528,355.92
147 $528,355.92 $2,338.05 $0.00 $2,987.40 $533,681.37
148 $533,681.37 $2,338.05 $0.00 $3,017.51 $539,036.93
149 $539,036.93 $2,338.05 $0.00 $3,047.79 $544,422.77
150 $544,422.77 $2,338.05 $0.00 $3,078.25 $549,839.07
151 $549,839.07 $2,338.05 $0.00 $3,108.87 $555,285.99
152 $555,285.99 $2,338.05 $0.00 $3,139.67 $560,763.71
153 $560,763.71 $2,338.05 $0.00 $3,170.64 $566,272.40
154 $566,272.40 $2,338.05 $0.00 $3,201.79 $571,812.24
155 $571,812.24 $2,338.05 $0.00 $3,233.11 $577,383.40
156 $577,383.40 $2,338.05 $0.00 $3,264.61 $582,986.06
157 $582,986.06 $2,338.05 $0.00 $3,296.29 $588,620.40
158 $588,620.40 $2,338.05 $0.00 $3,328.15 $594,286.60
159 $594,286.60 $2,338.05 $0.00 $3,360.18 $599,984.83
160 $599,984.83 $2,338.05 $0.00 $3,392.40 $605,715.28
161 $605,715.28 $2,338.05 $0.00 $3,424.80 $611,478.13
162 $611,478.13 $2,338.05 $0.00 $3,457.39 $617,273.57
163 $617,273.57 $2,338.05 $0.00 $3,490.15 $623,101.77
164 $623,101.77 $2,338.05 $0.00 $3,523.11 $628,962.93
165 $628,962.93 $2,338.05 $0.00 $3,556.25 $634,857.23
166 $634,857.23 $2,338.05 $0.00 $3,589.58 $640,784.86
167 $640,784.86 $2,338.05 $0.00 $3,623.09 $646,746.00
168 $646,746.00 $2,338.05 $0.00 $3,656.80 $652,740.85
169 $652,740.85 $2,338.05 $0.00 $3,690.69 $658,769.59
170 $658,769.59 $2,338.05 $0.00 $3,724.78 $664,832.42
171 $664,832.42 $2,338.05 $0.00 $3,759.06 $670,929.53
172 $670,929.53 $2,338.05 $0.00 $3,793.53 $677,061.11
173 $677,061.11 $2,338.05 $0.00 $3,828.20 $683,227.36
174 $683,227.36 $2,338.05 $0.00 $3,863.07 $689,428.48
175 $689,428.48 $2,338.05 $0.00 $3,898.13 $695,664.66
176 $695,664.66 $2,338.05 $0.00 $3,933.39 $701,936.10
177 $701,936.10 $2,338.05 $0.00 $3,968.85 $708,243.00
178 $708,243.00 $2,338.05 $0.00 $4,004.51 $714,585.56
179 $714,585.56 $2,338.05 $0.00 $4,040.37 $720,963.98
180 $720,963.98 $2,338.05 $0.00 $4,076.44 $727,378.47
181 $727,378.47 $2,338.05 $0.00 $4,112.70 $733,829.22
182 $733,829.22 $2,338.05 $0.00 $4,149.18 $740,316.45
183 $740,316.45 $2,338.05 $0.00 $4,185.86 $746,840.36
184 $746,840.36 $2,338.05 $0.00 $4,222.74 $753,401.15
185 $753,401.15 $2,338.05 $0.00 $4,259.84 $759,999.04
186 $759,999.04 $2,338.05 $0.00 $4,297.15 $766,634.24
187 $766,634.24 $2,338.05 $0.00 $4,334.66 $773,306.95
188 $773,306.95 $2,338.05 $0.00 $4,372.39 $780,017.39
189 $780,017.39 $2,338.05 $0.00 $4,410.33 $786,765.77
190 $786,765.77 $2,338.05 $0.00 $4,448.49 $793,552.31
191 $793,552.31 $2,338.05 $0.00 $4,486.86 $800,377.22
192 $800,377.22 $2,338.05 $0.00 $4,525.45 $807,240.72
193 $807,240.72 $2,338.05 $0.00 $4,564.26 $814,143.03
194 $814,143.03 $2,338.05 $0.00 $4,603.28 $821,084.36
195 $821,084.36 $2,338.05 $0.00 $4,642.53 $828,064.94
196 $828,064.94 $2,338.05 $0.00 $4,682.00 $835,084.99
197 $835,084.99 $2,338.05 $0.00 $4,721.69 $842,144.73
198 $842,144.73 $2,338.05 $0.00 $4,761.61 $849,244.39
199 $849,244.39 $2,338.05 $0.00 $4,801.75 $856,384.19
200 $856,384.19 $2,338.05 $0.00 $4,842.12 $863,564.36
201 $863,564.36 $2,338.05 $0.00 $4,882.72 $870,785.13
202 $870,785.13 $2,338.05 $0.00 $4,923.55 $878,046.73
203 $878,046.73 $2,338.05 $0.00 $4,964.60 $885,349.38
204 $885,349.38 $2,338.05 $0.00 $5,005.89 $892,693.32
205 $892,693.32 $2,338.05 $0.00 $5,047.42 $900,078.79
206 $900,078.79 $2,338.05 $0.00 $5,089.18 $907,506.02
207 $907,506.02 $2,338.05 $0.00 $5,131.17 $914,975.24
208 $914,975.24 $2,338.05 $0.00 $5,173.40 $922,486.69
209 $922,486.69 $2,338.05 $0.00 $5,215.87 $930,040.61
210 $930,040.61 $2,338.05 $0.00 $5,258.58 $937,637.24
211 $937,637.24 $2,338.05 $0.00 $5,301.54 $945,276.83
212 $945,276.83 $2,338.05 $0.00 $5,344.73 $952,959.61
213 $952,959.61 $2,338.05 $0.00 $5,388.17 $960,685.83
214 $960,685.83 $2,338.05 $0.00 $5,431.86 $968,455.74
215 $968,455.74 $2,338.05 $0.00 $5,475.79 $976,269.58
216 $976,269.58 $2,338.05 $0.00 $5,519.97 $984,127.60
217 $984,127.60 $2,338.05 $266,521.18 $5,564.40 $725,508.87
218 $725,508.87 $2,338.05 $0.00 $4,102.13 $731,949.05
219 $731,949.05 $2,338.05 $0.00 $4,138.55 $738,425.65
220 $738,425.65 $2,338.05 $0.00 $4,175.17 $744,938.87
221 $744,938.87 $2,338.05 $0.00 $4,211.99 $751,488.91
222 $751,488.91 $2,338.05 $0.00 $4,249.03 $758,075.99
223 $758,075.99 $2,338.05 $0.00 $4,286.27 $764,700.31
224 $764,700.31 $2,338.05 $0.00 $4,323.73 $771,362.09
225 $771,362.09 $2,338.05 $0.00 $4,361.39 $778,061.53
226 $778,061.53 $2,338.05 $0.00 $4,399.27 $784,798.85
227 $784,798.85 $2,338.05 $0.00 $4,437.37 $791,574.27
228 $791,574.27 $2,338.05 $0.00 $4,475.68 $798,388.00
229 $798,388.00 $2,338.05 $285,177.66 $4,514.20 $520,062.59
230 $520,062.59 $2,338.05 $0.00 $2,940.51 $525,341.15
231 $525,341.15 $2,338.05 $0.00 $2,970.36 $530,649.56
232 $530,649.56 $2,338.05 $0.00 $3,000.37 $535,987.98
233 $535,987.98 $2,338.05 $0.00 $3,030.55 $541,356.58
234 $541,356.58 $2,338.05 $0.00 $3,060.91 $546,755.54
235 $546,755.54 $2,338.05 $0.00 $3,091.44 $552,185.03
236 $552,185.03 $2,338.05 $0.00 $3,122.13 $557,645.21
237 $557,645.21 $2,338.05 $0.00 $3,153.01 $563,136.27
238 $563,136.27 $2,338.05 $0.00 $3,184.05 $568,658.37
239 $568,658.37 $2,338.05 $0.00 $3,215.28 $574,211.70
240 $574,211.70 $2,338.05 $0.00 $3,246.68 $579,796.43
241 $579,796.43 $2,338.05 $305,140.10 $3,278.25 $280,272.63
242 $280,272.63 $2,338.05 $0.00 $1,584.70 $284,195.38
243 $284,195.38 $2,338.05 $0.00 $1,606.88 $288,140.31
244 $288,140.31 $2,338.05 $0.00 $1,629.19 $292,107.55
245 $292,107.55 $2,338.05 $0.00 $1,651.62 $296,097.22
246 $296,097.22 $2,338.05 $0.00 $1,674.18 $300,109.45
247 $300,109.45 $2,338.05 $0.00 $1,696.86 $304,144.36
248 $304,144.36 $2,338.05 $0.00 $1,719.68 $308,202.09
249 $308,202.09 $2,338.05 $0.00 $1,742.62 $312,282.76
250 $312,282.76 $2,338.05 $0.00 $1,765.69 $316,386.50
251 $316,386.50 $2,338.05 $0.00 $1,788.90 $320,513.45
252 $320,513.45 $2,338.05 $0.00 $1,812.23 $324,663.73
253 $324,663.73 $0.00 $326,499.91 $1,835.70 -$0.48