Savings Plan and Future Cost Estimation for Lycoming College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$236,191
Monthly savings required$1,867

How much will it cost to send your child to Lycoming College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $944,762.22 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,866.68 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$62,956.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,866.68 $0.00 $0.00 $1,866.68
2 $1,866.68 $1,866.68 $0.00 $10.55 $3,743.91
3 $3,743.91 $1,866.68 $0.00 $21.17 $5,631.76
4 $5,631.76 $1,866.68 $0.00 $31.84 $7,530.28
5 $7,530.28 $1,866.68 $0.00 $42.58 $9,439.54
6 $9,439.54 $1,866.68 $0.00 $53.37 $11,359.59
7 $11,359.59 $1,866.68 $0.00 $64.23 $13,290.50
8 $13,290.50 $1,866.68 $0.00 $75.15 $15,232.33
9 $15,232.33 $1,866.68 $0.00 $86.13 $17,185.14
10 $17,185.14 $1,866.68 $0.00 $97.17 $19,148.99
11 $19,148.99 $1,866.68 $0.00 $108.27 $21,123.94
12 $21,123.94 $1,866.68 $0.00 $119.44 $23,110.06
13 $23,110.06 $1,866.68 $0.00 $130.67 $25,107.41
14 $25,107.41 $1,866.68 $0.00 $141.96 $27,116.05
15 $27,116.05 $1,866.68 $0.00 $153.32 $29,136.05
16 $29,136.05 $1,866.68 $0.00 $164.74 $31,167.47
17 $31,167.47 $1,866.68 $0.00 $176.23 $33,210.38
18 $33,210.38 $1,866.68 $0.00 $187.78 $35,264.84
19 $35,264.84 $1,866.68 $0.00 $199.39 $37,330.91
20 $37,330.91 $1,866.68 $0.00 $211.07 $39,408.66
21 $39,408.66 $1,866.68 $0.00 $222.82 $41,498.16
22 $41,498.16 $1,866.68 $0.00 $234.64 $43,599.48
23 $43,599.48 $1,866.68 $0.00 $246.52 $45,712.68
24 $45,712.68 $1,866.68 $0.00 $258.47 $47,837.83
25 $47,837.83 $1,866.68 $0.00 $270.48 $49,974.99
26 $49,974.99 $1,866.68 $0.00 $282.57 $52,124.24
27 $52,124.24 $1,866.68 $0.00 $294.72 $54,285.64
28 $54,285.64 $1,866.68 $0.00 $306.94 $56,459.26
29 $56,459.26 $1,866.68 $0.00 $319.23 $58,645.17
30 $58,645.17 $1,866.68 $0.00 $331.59 $60,843.44
31 $60,843.44 $1,866.68 $0.00 $344.02 $63,054.14
32 $63,054.14 $1,866.68 $0.00 $356.52 $65,277.34
33 $65,277.34 $1,866.68 $0.00 $369.09 $67,513.11
34 $67,513.11 $1,866.68 $0.00 $381.73 $69,761.52
35 $69,761.52 $1,866.68 $0.00 $394.44 $72,022.64
36 $72,022.64 $1,866.68 $0.00 $407.23 $74,296.55
37 $74,296.55 $1,866.68 $0.00 $420.08 $76,583.31
38 $76,583.31 $1,866.68 $0.00 $433.01 $78,883.00
39 $78,883.00 $1,866.68 $0.00 $446.02 $81,195.70
40 $81,195.70 $1,866.68 $0.00 $459.09 $83,521.47
41 $83,521.47 $1,866.68 $0.00 $472.24 $85,860.39
42 $85,860.39 $1,866.68 $0.00 $485.47 $88,212.54
43 $88,212.54 $1,866.68 $0.00 $498.77 $90,577.99
44 $90,577.99 $1,866.68 $0.00 $512.14 $92,956.81
45 $92,956.81 $1,866.68 $0.00 $525.59 $95,349.08
46 $95,349.08 $1,866.68 $0.00 $539.12 $97,754.88
47 $97,754.88 $1,866.68 $0.00 $552.72 $100,174.28
48 $100,174.28 $1,866.68 $0.00 $566.40 $102,607.36
49 $102,607.36 $1,866.68 $0.00 $580.16 $105,054.20
50 $105,054.20 $1,866.68 $0.00 $593.99 $107,514.87
51 $107,514.87 $1,866.68 $0.00 $607.90 $109,989.45
52 $109,989.45 $1,866.68 $0.00 $621.90 $112,478.03
53 $112,478.03 $1,866.68 $0.00 $635.97 $114,980.68
54 $114,980.68 $1,866.68 $0.00 $650.12 $117,497.48
55 $117,497.48 $1,866.68 $0.00 $664.35 $120,028.51
56 $120,028.51 $1,866.68 $0.00 $678.66 $122,573.85
57 $122,573.85 $1,866.68 $0.00 $693.05 $125,133.58
58 $125,133.58 $1,866.68 $0.00 $707.52 $127,707.78
59 $127,707.78 $1,866.68 $0.00 $722.08 $130,296.54
60 $130,296.54 $1,866.68 $0.00 $736.72 $132,899.94
61 $132,899.94 $1,866.68 $0.00 $751.44 $135,518.06
62 $135,518.06 $1,866.68 $0.00 $766.24 $138,150.98
63 $138,150.98 $1,866.68 $0.00 $781.13 $140,798.79
64 $140,798.79 $1,866.68 $0.00 $796.10 $143,461.57
65 $143,461.57 $1,866.68 $0.00 $811.15 $146,139.40
66 $146,139.40 $1,866.68 $0.00 $826.29 $148,832.37
67 $148,832.37 $1,866.68 $0.00 $841.52 $151,540.57
68 $151,540.57 $1,866.68 $0.00 $856.83 $154,264.08
69 $154,264.08 $1,866.68 $0.00 $872.23 $157,002.99
70 $157,002.99 $1,866.68 $0.00 $887.72 $159,757.39
71 $159,757.39 $1,866.68 $0.00 $903.29 $162,527.36
72 $162,527.36 $1,866.68 $0.00 $918.95 $165,312.99
73 $165,312.99 $1,866.68 $0.00 $934.70 $168,114.37
74 $168,114.37 $1,866.68 $0.00 $950.54 $170,931.59
75 $170,931.59 $1,866.68 $0.00 $966.47 $173,764.74
76 $173,764.74 $1,866.68 $0.00 $982.49 $176,613.91
77 $176,613.91 $1,866.68 $0.00 $998.60 $179,479.19
78 $179,479.19 $1,866.68 $0.00 $1,014.80 $182,360.67
79 $182,360.67 $1,866.68 $0.00 $1,031.09 $185,258.44
80 $185,258.44 $1,866.68 $0.00 $1,047.48 $188,172.60
81 $188,172.60 $1,866.68 $0.00 $1,063.96 $191,103.24
82 $191,103.24 $1,866.68 $0.00 $1,080.53 $194,050.45
83 $194,050.45 $1,866.68 $0.00 $1,097.19 $197,014.32
84 $197,014.32 $1,866.68 $0.00 $1,113.95 $199,994.95
85 $199,994.95 $1,866.68 $0.00 $1,130.80 $202,992.43
86 $202,992.43 $1,866.68 $0.00 $1,147.75 $206,006.86
87 $206,006.86 $1,866.68 $0.00 $1,164.79 $209,038.33
88 $209,038.33 $1,866.68 $0.00 $1,181.93 $212,086.94
89 $212,086.94 $1,866.68 $0.00 $1,199.17 $215,152.79
90 $215,152.79 $1,866.68 $0.00 $1,216.51 $218,235.98
91 $218,235.98 $1,866.68 $0.00 $1,233.94 $221,336.60
92 $221,336.60 $1,866.68 $0.00 $1,251.47 $224,454.75
93 $224,454.75 $1,866.68 $0.00 $1,269.10 $227,590.53
94 $227,590.53 $1,866.68 $0.00 $1,286.83 $230,744.04
95 $230,744.04 $1,866.68 $0.00 $1,304.66 $233,915.38
96 $233,915.38 $1,866.68 $0.00 $1,322.59 $237,104.65
97 $237,104.65 $1,866.68 $0.00 $1,340.62 $240,311.95
98 $240,311.95 $1,866.68 $0.00 $1,358.76 $243,537.39
99 $243,537.39 $1,866.68 $0.00 $1,377.00 $246,781.07
100 $246,781.07 $1,866.68 $0.00 $1,395.34 $250,043.09
101 $250,043.09 $1,866.68 $0.00 $1,413.78 $253,323.55
102 $253,323.55 $1,866.68 $0.00 $1,432.33 $256,622.56
103 $256,622.56 $1,866.68 $0.00 $1,450.98 $259,940.22
104 $259,940.22 $1,866.68 $0.00 $1,469.74 $263,276.64
105 $263,276.64 $1,866.68 $0.00 $1,488.60 $266,631.92
106 $266,631.92 $1,866.68 $0.00 $1,507.58 $270,006.18
107 $270,006.18 $1,866.68 $0.00 $1,526.65 $273,399.51
108 $273,399.51 $1,866.68 $0.00 $1,545.84 $276,812.03
109 $276,812.03 $1,866.68 $0.00 $1,565.14 $280,243.85
110 $280,243.85 $1,866.68 $0.00 $1,584.54 $283,695.07
111 $283,695.07 $1,866.68 $0.00 $1,604.05 $287,165.80
112 $287,165.80 $1,866.68 $0.00 $1,623.68 $290,656.16
113 $290,656.16 $1,866.68 $0.00 $1,643.41 $294,166.25
114 $294,166.25 $1,866.68 $0.00 $1,663.26 $297,696.19
115 $297,696.19 $1,866.68 $0.00 $1,683.22 $301,246.09
116 $301,246.09 $1,866.68 $0.00 $1,703.29 $304,816.06
117 $304,816.06 $1,866.68 $0.00 $1,723.47 $308,406.21
118 $308,406.21 $1,866.68 $0.00 $1,743.77 $312,016.66
119 $312,016.66 $1,866.68 $0.00 $1,764.19 $315,647.53
120 $315,647.53 $1,866.68 $0.00 $1,784.72 $319,298.93
121 $319,298.93 $1,866.68 $0.00 $1,805.36 $322,970.97
122 $322,970.97 $1,866.68 $0.00 $1,826.12 $326,663.77
123 $326,663.77 $1,866.68 $0.00 $1,847.00 $330,377.45
124 $330,377.45 $1,866.68 $0.00 $1,868.00 $334,112.13
125 $334,112.13 $1,866.68 $0.00 $1,889.12 $337,867.93
126 $337,867.93 $1,866.68 $0.00 $1,910.35 $341,644.96
127 $341,644.96 $1,866.68 $0.00 $1,931.71 $345,443.35
128 $345,443.35 $1,866.68 $0.00 $1,953.19 $349,263.22
129 $349,263.22 $1,866.68 $0.00 $1,974.79 $353,104.69
130 $353,104.69 $1,866.68 $0.00 $1,996.51 $356,967.88
131 $356,967.88 $1,866.68 $0.00 $2,018.35 $360,852.91
132 $360,852.91 $1,866.68 $0.00 $2,040.31 $364,759.90
133 $364,759.90 $1,866.68 $0.00 $2,062.41 $368,688.99
134 $368,688.99 $1,866.68 $0.00 $2,084.62 $372,640.29
135 $372,640.29 $1,866.68 $0.00 $2,106.96 $376,613.93
136 $376,613.93 $1,866.68 $0.00 $2,129.43 $380,610.04
137 $380,610.04 $1,866.68 $0.00 $2,152.02 $384,628.74
138 $384,628.74 $1,866.68 $0.00 $2,174.75 $388,670.17
139 $388,670.17 $1,866.68 $0.00 $2,197.60 $392,734.45
140 $392,734.45 $1,866.68 $0.00 $2,220.58 $396,821.71
141 $396,821.71 $1,866.68 $0.00 $2,243.69 $400,932.08
142 $400,932.08 $1,866.68 $0.00 $2,266.93 $405,065.69
143 $405,065.69 $1,866.68 $0.00 $2,290.30 $409,222.67
144 $409,222.67 $1,866.68 $0.00 $2,313.80 $413,403.15
145 $413,403.15 $1,866.68 $0.00 $2,337.44 $417,607.27
146 $417,607.27 $1,866.68 $0.00 $2,361.21 $421,835.16
147 $421,835.16 $1,866.68 $0.00 $2,385.12 $426,086.96
148 $426,086.96 $1,866.68 $0.00 $2,409.16 $430,362.80
149 $430,362.80 $1,866.68 $0.00 $2,433.33 $434,662.81
150 $434,662.81 $1,866.68 $0.00 $2,457.65 $438,987.14
151 $438,987.14 $1,866.68 $0.00 $2,482.10 $443,335.92
152 $443,335.92 $1,866.68 $0.00 $2,506.69 $447,709.29
153 $447,709.29 $1,866.68 $0.00 $2,531.41 $452,107.38
154 $452,107.38 $1,866.68 $0.00 $2,556.28 $456,530.34
155 $456,530.34 $1,866.68 $0.00 $2,581.29 $460,978.31
156 $460,978.31 $1,866.68 $0.00 $2,606.44 $465,451.43
157 $465,451.43 $1,866.68 $0.00 $2,631.73 $469,949.84
158 $469,949.84 $1,866.68 $0.00 $2,657.16 $474,473.68
159 $474,473.68 $1,866.68 $0.00 $2,682.74 $479,023.10
160 $479,023.10 $1,866.68 $0.00 $2,708.47 $483,598.25
161 $483,598.25 $1,866.68 $0.00 $2,734.33 $488,199.26
162 $488,199.26 $1,866.68 $0.00 $2,760.35 $492,826.29
163 $492,826.29 $1,866.68 $0.00 $2,786.51 $497,479.48
164 $497,479.48 $1,866.68 $0.00 $2,812.82 $502,158.98
165 $502,158.98 $1,866.68 $0.00 $2,839.28 $506,864.94
166 $506,864.94 $1,866.68 $0.00 $2,865.89 $511,597.51
167 $511,597.51 $1,866.68 $0.00 $2,892.65 $516,356.84
168 $516,356.84 $1,866.68 $0.00 $2,919.56 $521,143.08
169 $521,143.08 $1,866.68 $0.00 $2,946.62 $525,956.38
170 $525,956.38 $1,866.68 $0.00 $2,973.83 $530,796.89
171 $530,796.89 $1,866.68 $0.00 $3,001.20 $535,664.77
172 $535,664.77 $1,866.68 $0.00 $3,028.73 $540,560.18
173 $540,560.18 $1,866.68 $0.00 $3,056.41 $545,483.27
174 $545,483.27 $1,866.68 $0.00 $3,084.24 $550,434.19
175 $550,434.19 $1,866.68 $0.00 $3,112.23 $555,413.10
176 $555,413.10 $1,866.68 $0.00 $3,140.39 $560,420.17
177 $560,420.17 $1,866.68 $0.00 $3,168.70 $565,455.55
178 $565,455.55 $1,866.68 $0.00 $3,197.17 $570,519.40
179 $570,519.40 $1,866.68 $0.00 $3,225.80 $575,611.88
180 $575,611.88 $1,866.68 $0.00 $3,254.59 $580,733.15
181 $580,733.15 $1,866.68 $0.00 $3,283.55 $585,883.38
182 $585,883.38 $1,866.68 $0.00 $3,312.67 $591,062.73
183 $591,062.73 $1,866.68 $0.00 $3,341.95 $596,271.36
184 $596,271.36 $1,866.68 $0.00 $3,371.40 $601,509.44
185 $601,509.44 $1,866.68 $0.00 $3,401.02 $606,777.14
186 $606,777.14 $1,866.68 $0.00 $3,430.81 $612,074.63
187 $612,074.63 $1,866.68 $0.00 $3,460.76 $617,402.07
188 $617,402.07 $1,866.68 $0.00 $3,490.88 $622,759.63
189 $622,759.63 $1,866.68 $0.00 $3,521.17 $628,147.48
190 $628,147.48 $1,866.68 $0.00 $3,551.64 $633,565.80
191 $633,565.80 $1,866.68 $0.00 $3,582.27 $639,014.75
192 $639,014.75 $1,866.68 $0.00 $3,613.08 $644,494.51
193 $644,494.51 $1,866.68 $0.00 $3,644.07 $650,005.26
194 $650,005.26 $1,866.68 $0.00 $3,675.22 $655,547.16
195 $655,547.16 $1,866.68 $0.00 $3,706.56 $661,120.40
196 $661,120.40 $1,866.68 $0.00 $3,738.07 $666,725.15
197 $666,725.15 $1,866.68 $0.00 $3,769.76 $672,361.59
198 $672,361.59 $1,866.68 $0.00 $3,801.63 $678,029.90
199 $678,029.90 $1,866.68 $0.00 $3,833.68 $683,730.26
200 $683,730.26 $1,866.68 $0.00 $3,865.91 $689,462.85
201 $689,462.85 $1,866.68 $0.00 $3,898.32 $695,227.85
202 $695,227.85 $1,866.68 $0.00 $3,930.92 $701,025.45
203 $701,025.45 $1,866.68 $0.00 $3,963.70 $706,855.83
204 $706,855.83 $1,866.68 $0.00 $3,996.67 $712,719.18
205 $712,719.18 $1,866.68 $0.00 $4,029.82 $718,615.68
206 $718,615.68 $1,866.68 $0.00 $4,063.16 $724,545.52
207 $724,545.52 $1,866.68 $0.00 $4,096.69 $730,508.89
208 $730,508.89 $1,866.68 $0.00 $4,130.40 $736,505.97
209 $736,505.97 $1,866.68 $0.00 $4,164.31 $742,536.96
210 $742,536.96 $1,866.68 $0.00 $4,198.41 $748,602.05
211 $748,602.05 $1,866.68 $0.00 $4,232.70 $754,701.43
212 $754,701.43 $1,866.68 $0.00 $4,267.19 $760,835.30
213 $760,835.30 $1,866.68 $0.00 $4,301.87 $767,003.85
214 $767,003.85 $1,866.68 $0.00 $4,336.75 $773,207.28
215 $773,207.28 $1,866.68 $0.00 $4,371.83 $779,445.79
216 $779,445.79 $1,866.68 $0.00 $4,407.10 $785,719.57
217 $785,719.57 $1,866.68 $212,787.02 $4,442.57 $579,241.80
218 $579,241.80 $1,866.68 $0.00 $3,275.12 $584,383.60
219 $584,383.60 $1,866.68 $0.00 $3,304.19 $589,554.47
220 $589,554.47 $1,866.68 $0.00 $3,333.43 $594,754.58
221 $594,754.58 $1,866.68 $0.00 $3,362.83 $599,984.09
222 $599,984.09 $1,866.68 $0.00 $3,392.40 $605,243.17
223 $605,243.17 $1,866.68 $0.00 $3,422.13 $610,531.98
224 $610,531.98 $1,866.68 $0.00 $3,452.04 $615,850.70
225 $615,850.70 $1,866.68 $0.00 $3,482.11 $621,199.49
226 $621,199.49 $1,866.68 $0.00 $3,512.35 $626,578.52
227 $626,578.52 $1,866.68 $0.00 $3,542.77 $631,987.97
228 $631,987.97 $1,866.68 $0.00 $3,573.35 $637,428.00
229 $637,428.00 $1,866.68 $227,682.11 $3,604.11 $415,216.68
230 $415,216.68 $1,866.68 $0.00 $2,347.70 $419,431.06
231 $419,431.06 $1,866.68 $0.00 $2,371.52 $423,669.26
232 $423,669.26 $1,866.68 $0.00 $2,395.49 $427,931.43
233 $427,931.43 $1,866.68 $0.00 $2,419.59 $432,217.70
234 $432,217.70 $1,866.68 $0.00 $2,443.82 $436,528.20
235 $436,528.20 $1,866.68 $0.00 $2,468.19 $440,863.07
236 $440,863.07 $1,866.68 $0.00 $2,492.70 $445,222.45
237 $445,222.45 $1,866.68 $0.00 $2,517.35 $449,606.48
238 $449,606.48 $1,866.68 $0.00 $2,542.14 $454,015.30
239 $454,015.30 $1,866.68 $0.00 $2,567.07 $458,449.05
240 $458,449.05 $1,866.68 $0.00 $2,592.14 $462,907.87
241 $462,907.87 $1,866.68 $243,619.86 $2,617.35 $223,772.04
242 $223,772.04 $1,866.68 $0.00 $1,265.24 $226,903.96
243 $226,903.96 $1,866.68 $0.00 $1,282.95 $230,053.59
244 $230,053.59 $1,866.68 $0.00 $1,300.76 $233,221.03
245 $233,221.03 $1,866.68 $0.00 $1,318.67 $236,406.38
246 $236,406.38 $1,866.68 $0.00 $1,336.68 $239,609.74
247 $239,609.74 $1,866.68 $0.00 $1,354.79 $242,831.21
248 $242,831.21 $1,866.68 $0.00 $1,373.00 $246,070.89
249 $246,070.89 $1,866.68 $0.00 $1,391.32 $249,328.89
250 $249,328.89 $1,866.68 $0.00 $1,409.74 $252,605.31
251 $252,605.31 $1,866.68 $0.00 $1,428.27 $255,900.26
252 $255,900.26 $1,866.68 $0.00 $1,446.90 $259,213.84
253 $259,213.84 $0.00 $260,673.24 $1,465.63 $6.23