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 2040$191,918
Monthly savings required$1,519

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 $767,672.38 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,519.19 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$74,008.00
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 $1,519.19 $0.00 $0.00 $1,519.19
2 $1,519.19 $1,519.19 $0.00 $8.59 $3,046.97
3 $3,046.97 $1,519.19 $0.00 $17.23 $4,583.39
4 $4,583.39 $1,519.19 $0.00 $25.92 $6,128.50
5 $6,128.50 $1,519.19 $0.00 $34.65 $7,682.34
6 $7,682.34 $1,519.19 $0.00 $43.44 $9,244.97
7 $9,244.97 $1,519.19 $0.00 $52.27 $10,816.43
8 $10,816.43 $1,519.19 $0.00 $61.16 $12,396.78
9 $12,396.78 $1,519.19 $0.00 $70.09 $13,986.06
10 $13,986.06 $1,519.19 $0.00 $79.08 $15,584.33
11 $15,584.33 $1,519.19 $0.00 $88.12 $17,191.64
12 $17,191.64 $1,519.19 $0.00 $97.20 $18,808.03
13 $18,808.03 $1,519.19 $0.00 $106.34 $20,433.56
14 $20,433.56 $1,519.19 $0.00 $115.53 $22,068.28
15 $22,068.28 $1,519.19 $0.00 $124.78 $23,712.25
16 $23,712.25 $1,519.19 $0.00 $134.07 $25,365.51
17 $25,365.51 $1,519.19 $0.00 $143.42 $27,028.12
18 $27,028.12 $1,519.19 $0.00 $152.82 $28,700.13
19 $28,700.13 $1,519.19 $0.00 $162.27 $30,381.59
20 $30,381.59 $1,519.19 $0.00 $171.78 $32,072.56
21 $32,072.56 $1,519.19 $0.00 $181.34 $33,773.09
22 $33,773.09 $1,519.19 $0.00 $190.96 $35,483.24
23 $35,483.24 $1,519.19 $0.00 $200.63 $37,203.06
24 $37,203.06 $1,519.19 $0.00 $210.35 $38,932.60
25 $38,932.60 $1,519.19 $0.00 $220.13 $40,671.92
26 $40,671.92 $1,519.19 $0.00 $229.96 $42,421.07
27 $42,421.07 $1,519.19 $0.00 $239.85 $44,180.11
28 $44,180.11 $1,519.19 $0.00 $249.80 $45,949.10
29 $45,949.10 $1,519.19 $0.00 $259.80 $47,728.09
30 $47,728.09 $1,519.19 $0.00 $269.86 $49,517.14
31 $49,517.14 $1,519.19 $0.00 $279.98 $51,316.31
32 $51,316.31 $1,519.19 $0.00 $290.15 $53,125.65
33 $53,125.65 $1,519.19 $0.00 $300.38 $54,945.22
34 $54,945.22 $1,519.19 $0.00 $310.67 $56,775.08
35 $56,775.08 $1,519.19 $0.00 $321.01 $58,615.28
36 $58,615.28 $1,519.19 $0.00 $331.42 $60,465.89
37 $60,465.89 $1,519.19 $0.00 $341.88 $62,326.96
38 $62,326.96 $1,519.19 $0.00 $352.41 $64,198.56
39 $64,198.56 $1,519.19 $0.00 $362.99 $66,080.74
40 $66,080.74 $1,519.19 $0.00 $373.63 $67,973.56
41 $67,973.56 $1,519.19 $0.00 $384.33 $69,877.08
42 $69,877.08 $1,519.19 $0.00 $395.10 $71,791.37
43 $71,791.37 $1,519.19 $0.00 $405.92 $73,716.48
44 $73,716.48 $1,519.19 $0.00 $416.80 $75,652.47
45 $75,652.47 $1,519.19 $0.00 $427.75 $77,599.41
46 $77,599.41 $1,519.19 $0.00 $438.76 $79,557.36
47 $79,557.36 $1,519.19 $0.00 $449.83 $81,526.38
48 $81,526.38 $1,519.19 $0.00 $460.96 $83,506.53
49 $83,506.53 $1,519.19 $0.00 $472.16 $85,497.88
50 $85,497.88 $1,519.19 $0.00 $483.42 $87,500.49
51 $87,500.49 $1,519.19 $0.00 $494.74 $89,514.42
52 $89,514.42 $1,519.19 $0.00 $506.13 $91,539.74
53 $91,539.74 $1,519.19 $0.00 $517.58 $93,576.51
54 $93,576.51 $1,519.19 $0.00 $529.10 $95,624.80
55 $95,624.80 $1,519.19 $0.00 $540.68 $97,684.67
56 $97,684.67 $1,519.19 $0.00 $552.32 $99,756.18
57 $99,756.18 $1,519.19 $0.00 $564.04 $101,839.41
58 $101,839.41 $1,519.19 $0.00 $575.81 $103,934.41
59 $103,934.41 $1,519.19 $0.00 $587.66 $106,041.26
60 $106,041.26 $1,519.19 $0.00 $599.57 $108,160.02
61 $108,160.02 $1,519.19 $0.00 $611.55 $110,290.76
62 $110,290.76 $1,519.19 $0.00 $623.60 $112,433.55
63 $112,433.55 $1,519.19 $0.00 $635.72 $114,588.46
64 $114,588.46 $1,519.19 $0.00 $647.90 $116,755.55
65 $116,755.55 $1,519.19 $0.00 $660.15 $118,934.89
66 $118,934.89 $1,519.19 $0.00 $672.48 $121,126.56
67 $121,126.56 $1,519.19 $0.00 $684.87 $123,330.62
68 $123,330.62 $1,519.19 $0.00 $697.33 $125,547.14
69 $125,547.14 $1,519.19 $0.00 $709.86 $127,776.19
70 $127,776.19 $1,519.19 $0.00 $722.47 $130,017.85
71 $130,017.85 $1,519.19 $0.00 $735.14 $132,272.18
72 $132,272.18 $1,519.19 $0.00 $747.89 $134,539.26
73 $134,539.26 $1,519.19 $0.00 $760.70 $136,819.15
74 $136,819.15 $1,519.19 $0.00 $773.60 $139,111.94
75 $139,111.94 $1,519.19 $0.00 $786.56 $141,417.69
76 $141,417.69 $1,519.19 $0.00 $799.60 $143,736.48
77 $143,736.48 $1,519.19 $0.00 $812.71 $146,068.38
78 $146,068.38 $1,519.19 $0.00 $825.89 $148,413.46
79 $148,413.46 $1,519.19 $0.00 $839.15 $150,771.80
80 $150,771.80 $1,519.19 $0.00 $852.49 $153,143.48
81 $153,143.48 $1,519.19 $0.00 $865.90 $155,528.57
82 $155,528.57 $1,519.19 $0.00 $879.38 $157,927.14
83 $157,927.14 $1,519.19 $0.00 $892.94 $160,339.27
84 $160,339.27 $1,519.19 $0.00 $906.58 $162,765.04
85 $162,765.04 $1,519.19 $0.00 $920.30 $165,204.53
86 $165,204.53 $1,519.19 $0.00 $934.09 $167,657.81
87 $167,657.81 $1,519.19 $0.00 $947.96 $170,124.96
88 $170,124.96 $1,519.19 $0.00 $961.91 $172,606.06
89 $172,606.06 $1,519.19 $0.00 $975.94 $175,101.19
90 $175,101.19 $1,519.19 $0.00 $990.05 $177,610.43
91 $177,610.43 $1,519.19 $0.00 $1,004.24 $180,133.86
92 $180,133.86 $1,519.19 $0.00 $1,018.50 $182,671.55
93 $182,671.55 $1,519.19 $0.00 $1,032.85 $185,223.59
94 $185,223.59 $1,519.19 $0.00 $1,047.28 $187,790.06
95 $187,790.06 $1,519.19 $0.00 $1,061.79 $190,371.04
96 $190,371.04 $1,519.19 $0.00 $1,076.39 $192,966.62
97 $192,966.62 $1,519.19 $0.00 $1,091.06 $195,576.87
98 $195,576.87 $1,519.19 $0.00 $1,105.82 $198,201.88
99 $198,201.88 $1,519.19 $0.00 $1,120.66 $200,841.73
100 $200,841.73 $1,519.19 $0.00 $1,135.59 $203,496.51
101 $203,496.51 $1,519.19 $0.00 $1,150.60 $206,166.30
102 $206,166.30 $1,519.19 $0.00 $1,165.69 $208,851.18
103 $208,851.18 $1,519.19 $0.00 $1,180.87 $211,551.24
104 $211,551.24 $1,519.19 $0.00 $1,196.14 $214,266.57
105 $214,266.57 $1,519.19 $0.00 $1,211.49 $216,997.25
106 $216,997.25 $1,519.19 $0.00 $1,226.93 $219,743.37
107 $219,743.37 $1,519.19 $0.00 $1,242.46 $222,505.02
108 $222,505.02 $1,519.19 $0.00 $1,258.08 $225,282.29
109 $225,282.29 $1,519.19 $0.00 $1,273.78 $228,075.26
110 $228,075.26 $1,519.19 $0.00 $1,289.57 $230,884.02
111 $230,884.02 $1,519.19 $0.00 $1,305.45 $233,708.66
112 $233,708.66 $1,519.19 $0.00 $1,321.42 $236,549.27
113 $236,549.27 $1,519.19 $0.00 $1,337.48 $239,405.94
114 $239,405.94 $1,519.19 $0.00 $1,353.64 $242,278.77
115 $242,278.77 $1,519.19 $0.00 $1,369.88 $245,167.84
116 $245,167.84 $1,519.19 $0.00 $1,386.21 $248,073.24
117 $248,073.24 $1,519.19 $0.00 $1,402.64 $250,995.07
118 $250,995.07 $1,519.19 $0.00 $1,419.16 $253,933.42
119 $253,933.42 $1,519.19 $0.00 $1,435.78 $256,888.39
120 $256,888.39 $1,519.19 $0.00 $1,452.48 $259,860.06
121 $259,860.06 $1,519.19 $0.00 $1,469.29 $262,848.54
122 $262,848.54 $1,519.19 $0.00 $1,486.18 $265,853.91
123 $265,853.91 $1,519.19 $0.00 $1,503.18 $268,876.28
124 $268,876.28 $1,519.19 $0.00 $1,520.27 $271,915.74
125 $271,915.74 $1,519.19 $0.00 $1,537.45 $274,972.38
126 $274,972.38 $1,519.19 $0.00 $1,554.73 $278,046.30
127 $278,046.30 $1,519.19 $0.00 $1,572.11 $281,137.60
128 $281,137.60 $1,519.19 $0.00 $1,589.59 $284,246.38
129 $284,246.38 $1,519.19 $0.00 $1,607.17 $287,372.74
130 $287,372.74 $1,519.19 $0.00 $1,624.85 $290,516.78
131 $290,516.78 $1,519.19 $0.00 $1,642.62 $293,678.59
132 $293,678.59 $1,519.19 $0.00 $1,660.50 $296,858.28
133 $296,858.28 $1,519.19 $0.00 $1,678.48 $300,055.95
134 $300,055.95 $1,519.19 $0.00 $1,696.56 $303,271.70
135 $303,271.70 $1,519.19 $0.00 $1,714.74 $306,505.63
136 $306,505.63 $1,519.19 $0.00 $1,733.03 $309,757.85
137 $309,757.85 $1,519.19 $0.00 $1,751.42 $313,028.46
138 $313,028.46 $1,519.19 $0.00 $1,769.91 $316,317.56
139 $316,317.56 $1,519.19 $0.00 $1,788.51 $319,625.26
140 $319,625.26 $1,519.19 $0.00 $1,807.21 $322,951.66
141 $322,951.66 $1,519.19 $0.00 $1,826.02 $326,296.87
142 $326,296.87 $1,519.19 $0.00 $1,844.93 $329,660.99
143 $329,660.99 $1,519.19 $0.00 $1,863.95 $333,044.13
144 $333,044.13 $1,519.19 $0.00 $1,883.08 $336,446.40
145 $336,446.40 $1,519.19 $0.00 $1,902.32 $339,867.91
146 $339,867.91 $1,519.19 $0.00 $1,921.66 $343,308.76
147 $343,308.76 $1,519.19 $0.00 $1,941.12 $346,769.07
148 $346,769.07 $1,519.19 $0.00 $1,960.68 $350,248.94
149 $350,248.94 $1,519.19 $0.00 $1,980.36 $353,748.49
150 $353,748.49 $1,519.19 $0.00 $2,000.15 $357,267.83
151 $357,267.83 $1,519.19 $0.00 $2,020.04 $360,807.06
152 $360,807.06 $1,519.19 $0.00 $2,040.06 $364,366.31
153 $364,366.31 $1,519.19 $0.00 $2,060.18 $367,945.68
154 $367,945.68 $1,519.19 $0.00 $2,080.42 $371,545.29
155 $371,545.29 $1,519.19 $0.00 $2,100.77 $375,165.25
156 $375,165.25 $1,519.19 $0.00 $2,121.24 $378,805.68
157 $378,805.68 $1,519.19 $0.00 $2,141.82 $382,466.69
158 $382,466.69 $1,519.19 $0.00 $2,162.52 $386,148.40
159 $386,148.40 $1,519.19 $0.00 $2,183.34 $389,850.93
160 $389,850.93 $1,519.19 $0.00 $2,204.27 $393,574.39
161 $393,574.39 $1,519.19 $0.00 $2,225.33 $397,318.91
162 $397,318.91 $1,519.19 $0.00 $2,246.50 $401,084.60
163 $401,084.60 $1,519.19 $0.00 $2,267.79 $404,871.58
164 $404,871.58 $1,519.19 $0.00 $2,289.20 $408,679.97
165 $408,679.97 $1,519.19 $0.00 $2,310.74 $412,509.90
166 $412,509.90 $1,519.19 $0.00 $2,332.39 $416,361.48
167 $416,361.48 $1,519.19 $0.00 $2,354.17 $420,234.84
168 $420,234.84 $1,519.19 $0.00 $2,376.07 $424,130.10
169 $424,130.10 $1,519.19 $0.00 $2,398.09 $428,047.38
170 $428,047.38 $1,519.19 $0.00 $2,420.24 $431,986.81
171 $431,986.81 $1,519.19 $0.00 $2,442.52 $435,948.52
172 $435,948.52 $1,519.19 $0.00 $2,464.92 $439,932.63
173 $439,932.63 $1,519.19 $0.00 $2,487.44 $443,939.26
174 $443,939.26 $1,519.19 $0.00 $2,510.10 $447,968.55
175 $447,968.55 $1,519.19 $0.00 $2,532.88 $452,020.62
176 $452,020.62 $1,519.19 $0.00 $2,555.79 $456,095.60
177 $456,095.60 $1,519.19 $0.00 $2,578.83 $460,193.62
178 $460,193.62 $1,519.19 $0.00 $2,602.00 $464,314.81
179 $464,314.81 $1,519.19 $0.00 $2,625.30 $468,459.30
180 $468,459.30 $1,519.19 $0.00 $2,648.74 $472,627.23
181 $472,627.23 $1,519.19 $0.00 $2,672.30 $476,818.72
182 $476,818.72 $1,519.19 $0.00 $2,696.00 $481,033.91
183 $481,033.91 $1,519.19 $0.00 $2,719.84 $485,272.94
184 $485,272.94 $1,519.19 $0.00 $2,743.80 $489,535.93
185 $489,535.93 $1,519.19 $0.00 $2,767.91 $493,823.03
186 $493,823.03 $1,519.19 $0.00 $2,792.15 $498,134.37
187 $498,134.37 $1,519.19 $0.00 $2,816.52 $502,470.08
188 $502,470.08 $1,519.19 $0.00 $2,841.04 $506,830.31
189 $506,830.31 $1,519.19 $0.00 $2,865.69 $511,215.19
190 $511,215.19 $1,519.19 $0.00 $2,890.49 $515,624.87
191 $515,624.87 $1,519.19 $0.00 $2,915.42 $520,059.48
192 $520,059.48 $1,519.19 $0.00 $2,940.49 $524,519.16
193 $524,519.16 $1,519.19 $0.00 $2,965.71 $529,004.06
194 $529,004.06 $1,519.19 $0.00 $2,991.07 $533,514.32
195 $533,514.32 $1,519.19 $0.00 $3,016.57 $538,050.08
196 $538,050.08 $1,519.19 $0.00 $3,042.21 $542,611.48
197 $542,611.48 $1,519.19 $0.00 $3,068.00 $547,198.67
198 $547,198.67 $1,519.19 $0.00 $3,093.94 $551,811.80
199 $551,811.80 $1,519.19 $0.00 $3,120.02 $556,451.01
200 $556,451.01 $1,519.19 $0.00 $3,146.25 $561,116.45
201 $561,116.45 $1,519.19 $0.00 $3,172.63 $565,808.27
202 $565,808.27 $1,519.19 $0.00 $3,199.16 $570,526.62
203 $570,526.62 $1,519.19 $0.00 $3,225.84 $575,271.65
204 $575,271.65 $1,519.19 $0.00 $3,252.67 $580,043.51
205 $580,043.51 $1,519.19 $0.00 $3,279.65 $584,842.35
206 $584,842.35 $1,519.19 $0.00 $3,306.78 $589,668.32
207 $589,668.32 $1,519.19 $0.00 $3,334.07 $594,521.58
208 $594,521.58 $1,519.19 $0.00 $3,361.51 $599,402.28
209 $599,402.28 $1,519.19 $0.00 $3,389.11 $604,310.58
210 $604,310.58 $1,519.19 $0.00 $3,416.86 $609,246.63
211 $609,246.63 $1,519.19 $0.00 $3,444.77 $614,210.59
212 $614,210.59 $1,519.19 $0.00 $3,472.84 $619,202.62
213 $619,202.62 $1,519.19 $0.00 $3,501.06 $624,222.87
214 $624,222.87 $1,519.19 $0.00 $3,529.45 $629,271.51
215 $629,271.51 $1,519.19 $0.00 $3,557.99 $634,348.69
216 $634,348.69 $1,519.19 $0.00 $3,586.70 $639,454.58
217 $639,454.58 $1,519.19 $178,109.08 $3,615.57 $466,480.26
218 $466,480.26 $1,519.19 $0.00 $2,637.55 $470,637.00
219 $470,637.00 $1,519.19 $0.00 $2,661.05 $474,817.24
220 $474,817.24 $1,519.19 $0.00 $2,684.69 $479,021.12
221 $479,021.12 $1,519.19 $0.00 $2,708.46 $483,248.77
222 $483,248.77 $1,519.19 $0.00 $2,732.36 $487,500.32
223 $487,500.32 $1,519.19 $0.00 $2,756.40 $491,775.91
224 $491,775.91 $1,519.19 $0.00 $2,780.57 $496,075.67
225 $496,075.67 $1,519.19 $0.00 $2,804.88 $500,399.74
226 $500,399.74 $1,519.19 $0.00 $2,829.33 $504,748.26
227 $504,748.26 $1,519.19 $0.00 $2,853.92 $509,121.37
228 $509,121.37 $1,519.19 $0.00 $2,878.65 $513,519.21
229 $513,519.21 $1,519.19 $187,014.53 $2,903.51 $330,927.38
230 $330,927.38 $1,519.19 $0.00 $1,871.11 $334,317.68
231 $334,317.68 $1,519.19 $0.00 $1,890.28 $337,727.15
232 $337,727.15 $1,519.19 $0.00 $1,909.56 $341,155.90
233 $341,155.90 $1,519.19 $0.00 $1,928.95 $344,604.04
234 $344,604.04 $1,519.19 $0.00 $1,948.44 $348,071.67
235 $348,071.67 $1,519.19 $0.00 $1,968.05 $351,558.91
236 $351,558.91 $1,519.19 $0.00 $1,987.77 $355,065.87
237 $355,065.87 $1,519.19 $0.00 $2,007.59 $358,592.65
238 $358,592.65 $1,519.19 $0.00 $2,027.53 $362,139.37
239 $362,139.37 $1,519.19 $0.00 $2,047.59 $365,706.15
240 $365,706.15 $1,519.19 $0.00 $2,067.76 $369,293.10
241 $369,293.10 $1,519.19 $196,365.26 $2,088.04 $176,535.07
242 $176,535.07 $1,519.19 $0.00 $998.15 $179,052.41
243 $179,052.41 $1,519.19 $0.00 $1,012.39 $181,583.99
244 $181,583.99 $1,519.19 $0.00 $1,026.70 $184,129.88
245 $184,129.88 $1,519.19 $0.00 $1,041.10 $186,690.17
246 $186,690.17 $1,519.19 $0.00 $1,055.57 $189,264.93
247 $189,264.93 $1,519.19 $0.00 $1,070.13 $191,854.25
248 $191,854.25 $1,519.19 $0.00 $1,084.77 $194,458.21
249 $194,458.21 $1,519.19 $0.00 $1,099.49 $197,076.89
250 $197,076.89 $1,519.19 $0.00 $1,114.30 $199,710.38
251 $199,710.38 $1,519.19 $0.00 $1,129.19 $202,358.76
252 $202,358.76 $1,519.19 $0.00 $1,144.17 $205,022.12
253 $205,022.12 $0.00 $206,183.52 $1,159.22 ($2.18)