Savings Plan and Future Cost Estimation for Lander University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$68,046
Monthly savings required$539

How much will it cost to send your child to Lander University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $272,183.05 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $538.64 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$26,240.00
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 $538.64 $0.00 $0.00 $538.64
2 $538.64 $538.64 $0.00 $3.05 $1,080.33
3 $1,080.33 $538.64 $0.00 $6.11 $1,625.08
4 $1,625.08 $538.64 $0.00 $9.19 $2,172.91
5 $2,172.91 $538.64 $0.00 $12.29 $2,723.84
6 $2,723.84 $538.64 $0.00 $15.40 $3,277.88
7 $3,277.88 $538.64 $0.00 $18.53 $3,835.05
8 $3,835.05 $538.64 $0.00 $21.68 $4,395.37
9 $4,395.37 $538.64 $0.00 $24.85 $4,958.86
10 $4,958.86 $538.64 $0.00 $28.04 $5,525.54
11 $5,525.54 $538.64 $0.00 $31.24 $6,095.42
12 $6,095.42 $538.64 $0.00 $34.46 $6,668.52
13 $6,668.52 $538.64 $0.00 $37.70 $7,244.86
14 $7,244.86 $538.64 $0.00 $40.96 $7,824.46
15 $7,824.46 $538.64 $0.00 $44.24 $8,407.34
16 $8,407.34 $538.64 $0.00 $47.54 $8,993.52
17 $8,993.52 $538.64 $0.00 $50.85 $9,583.01
18 $9,583.01 $538.64 $0.00 $54.18 $10,175.83
19 $10,175.83 $538.64 $0.00 $57.54 $10,772.01
20 $10,772.01 $538.64 $0.00 $60.91 $11,371.56
21 $11,371.56 $538.64 $0.00 $64.30 $11,974.50
22 $11,974.50 $538.64 $0.00 $67.71 $12,580.85
23 $12,580.85 $538.64 $0.00 $71.13 $13,190.62
24 $13,190.62 $538.64 $0.00 $74.58 $13,803.84
25 $13,803.84 $538.64 $0.00 $78.05 $14,420.53
26 $14,420.53 $538.64 $0.00 $81.54 $15,040.71
27 $15,040.71 $538.64 $0.00 $85.04 $15,664.39
28 $15,664.39 $538.64 $0.00 $88.57 $16,291.60
29 $16,291.60 $538.64 $0.00 $92.12 $16,922.36
30 $16,922.36 $538.64 $0.00 $95.68 $17,556.68
31 $17,556.68 $538.64 $0.00 $99.27 $18,194.59
32 $18,194.59 $538.64 $0.00 $102.87 $18,836.10
33 $18,836.10 $538.64 $0.00 $106.50 $19,481.24
34 $19,481.24 $538.64 $0.00 $110.15 $20,130.03
35 $20,130.03 $538.64 $0.00 $113.82 $20,782.49
36 $20,782.49 $538.64 $0.00 $117.51 $21,438.64
37 $21,438.64 $538.64 $0.00 $121.22 $22,098.50
38 $22,098.50 $538.64 $0.00 $124.95 $22,762.09
39 $22,762.09 $538.64 $0.00 $128.70 $23,429.43
40 $23,429.43 $538.64 $0.00 $132.47 $24,100.54
41 $24,100.54 $538.64 $0.00 $136.27 $24,775.45
42 $24,775.45 $538.64 $0.00 $140.08 $25,454.17
43 $25,454.17 $538.64 $0.00 $143.92 $26,136.73
44 $26,136.73 $538.64 $0.00 $147.78 $26,823.15
45 $26,823.15 $538.64 $0.00 $151.66 $27,513.45
46 $27,513.45 $538.64 $0.00 $155.57 $28,207.66
47 $28,207.66 $538.64 $0.00 $159.49 $28,905.79
48 $28,905.79 $538.64 $0.00 $163.44 $29,607.87
49 $29,607.87 $538.64 $0.00 $167.41 $30,313.92
50 $30,313.92 $538.64 $0.00 $171.40 $31,023.96
51 $31,023.96 $538.64 $0.00 $175.41 $31,738.01
52 $31,738.01 $538.64 $0.00 $179.45 $32,456.10
53 $32,456.10 $538.64 $0.00 $183.51 $33,178.25
54 $33,178.25 $538.64 $0.00 $187.59 $33,904.48
55 $33,904.48 $538.64 $0.00 $191.70 $34,634.82
56 $34,634.82 $538.64 $0.00 $195.83 $35,369.29
57 $35,369.29 $538.64 $0.00 $199.98 $36,107.91
58 $36,107.91 $538.64 $0.00 $204.16 $36,850.71
59 $36,850.71 $538.64 $0.00 $208.36 $37,597.71
60 $37,597.71 $538.64 $0.00 $212.58 $38,348.93
61 $38,348.93 $538.64 $0.00 $216.83 $39,104.40
62 $39,104.40 $538.64 $0.00 $221.10 $39,864.14
63 $39,864.14 $538.64 $0.00 $225.40 $40,628.18
64 $40,628.18 $538.64 $0.00 $229.72 $41,396.54
65 $41,396.54 $538.64 $0.00 $234.06 $42,169.24
66 $42,169.24 $538.64 $0.00 $238.43 $42,946.31
67 $42,946.31 $538.64 $0.00 $242.82 $43,727.77
68 $43,727.77 $538.64 $0.00 $247.24 $44,513.65
69 $44,513.65 $538.64 $0.00 $251.69 $45,303.98
70 $45,303.98 $538.64 $0.00 $256.16 $46,098.78
71 $46,098.78 $538.64 $0.00 $260.65 $46,898.07
72 $46,898.07 $538.64 $0.00 $265.17 $47,701.88
73 $47,701.88 $538.64 $0.00 $269.71 $48,510.23
74 $48,510.23 $538.64 $0.00 $274.28 $49,323.15
75 $49,323.15 $538.64 $0.00 $278.88 $50,140.67
76 $50,140.67 $538.64 $0.00 $283.50 $50,962.81
77 $50,962.81 $538.64 $0.00 $288.15 $51,789.60
78 $51,789.60 $538.64 $0.00 $292.83 $52,621.07
79 $52,621.07 $538.64 $0.00 $297.53 $53,457.24
80 $53,457.24 $538.64 $0.00 $302.26 $54,298.14
81 $54,298.14 $538.64 $0.00 $307.01 $55,143.79
82 $55,143.79 $538.64 $0.00 $311.79 $55,994.22
83 $55,994.22 $538.64 $0.00 $316.60 $56,849.46
84 $56,849.46 $538.64 $0.00 $321.44 $57,709.54
85 $57,709.54 $538.64 $0.00 $326.30 $58,574.48
86 $58,574.48 $538.64 $0.00 $331.19 $59,444.31
87 $59,444.31 $538.64 $0.00 $336.11 $60,319.06
88 $60,319.06 $538.64 $0.00 $341.05 $61,198.75
89 $61,198.75 $538.64 $0.00 $346.03 $62,083.42
90 $62,083.42 $538.64 $0.00 $351.03 $62,973.09
91 $62,973.09 $538.64 $0.00 $356.06 $63,867.79
92 $63,867.79 $538.64 $0.00 $361.12 $64,767.55
93 $64,767.55 $538.64 $0.00 $366.21 $65,672.40
94 $65,672.40 $538.64 $0.00 $371.32 $66,582.36
95 $66,582.36 $538.64 $0.00 $376.47 $67,497.47
96 $67,497.47 $538.64 $0.00 $381.64 $68,417.75
97 $68,417.75 $538.64 $0.00 $386.84 $69,343.23
98 $69,343.23 $538.64 $0.00 $392.08 $70,273.95
99 $70,273.95 $538.64 $0.00 $397.34 $71,209.93
100 $71,209.93 $538.64 $0.00 $402.63 $72,151.20
101 $72,151.20 $538.64 $0.00 $407.95 $73,097.79
102 $73,097.79 $538.64 $0.00 $413.31 $74,049.74
103 $74,049.74 $538.64 $0.00 $418.69 $75,007.07
104 $75,007.07 $538.64 $0.00 $424.10 $75,969.81
105 $75,969.81 $538.64 $0.00 $429.54 $76,937.99
106 $76,937.99 $538.64 $0.00 $435.02 $77,911.65
107 $77,911.65 $538.64 $0.00 $440.52 $78,890.81
108 $78,890.81 $538.64 $0.00 $446.06 $79,875.51
109 $79,875.51 $538.64 $0.00 $451.63 $80,865.78
110 $80,865.78 $538.64 $0.00 $457.23 $81,861.65
111 $81,861.65 $538.64 $0.00 $462.86 $82,863.15
112 $82,863.15 $538.64 $0.00 $468.52 $83,870.31
113 $83,870.31 $538.64 $0.00 $474.21 $84,883.16
114 $84,883.16 $538.64 $0.00 $479.94 $85,901.74
115 $85,901.74 $538.64 $0.00 $485.70 $86,926.08
116 $86,926.08 $538.64 $0.00 $491.49 $87,956.21
117 $87,956.21 $538.64 $0.00 $497.32 $88,992.17
118 $88,992.17 $538.64 $0.00 $503.17 $90,033.98
119 $90,033.98 $538.64 $0.00 $509.07 $91,081.69
120 $91,081.69 $538.64 $0.00 $514.99 $92,135.32
121 $92,135.32 $538.64 $0.00 $520.95 $93,194.91
122 $93,194.91 $538.64 $0.00 $526.94 $94,260.49
123 $94,260.49 $538.64 $0.00 $532.96 $95,332.09
124 $95,332.09 $538.64 $0.00 $539.02 $96,409.75
125 $96,409.75 $538.64 $0.00 $545.11 $97,493.50
126 $97,493.50 $538.64 $0.00 $551.24 $98,583.38
127 $98,583.38 $538.64 $0.00 $557.40 $99,679.42
128 $99,679.42 $538.64 $0.00 $563.60 $100,781.66
129 $100,781.66 $538.64 $0.00 $569.83 $101,890.13
130 $101,890.13 $538.64 $0.00 $576.10 $103,004.87
131 $103,004.87 $538.64 $0.00 $582.40 $104,125.91
132 $104,125.91 $538.64 $0.00 $588.74 $105,253.29
133 $105,253.29 $538.64 $0.00 $595.12 $106,387.05
134 $106,387.05 $538.64 $0.00 $601.53 $107,527.22
135 $107,527.22 $538.64 $0.00 $607.97 $108,673.83
136 $108,673.83 $538.64 $0.00 $614.46 $109,826.93
137 $109,826.93 $538.64 $0.00 $620.98 $110,986.55
138 $110,986.55 $538.64 $0.00 $627.53 $112,152.72
139 $112,152.72 $538.64 $0.00 $634.13 $113,325.49
140 $113,325.49 $538.64 $0.00 $640.76 $114,504.89
141 $114,504.89 $538.64 $0.00 $647.43 $115,690.96
142 $115,690.96 $538.64 $0.00 $654.13 $116,883.73
143 $116,883.73 $538.64 $0.00 $660.88 $118,083.25
144 $118,083.25 $538.64 $0.00 $667.66 $119,289.55
145 $119,289.55 $538.64 $0.00 $674.48 $120,502.67
146 $120,502.67 $538.64 $0.00 $681.34 $121,722.65
147 $121,722.65 $538.64 $0.00 $688.24 $122,949.53
148 $122,949.53 $538.64 $0.00 $695.17 $124,183.34
149 $124,183.34 $538.64 $0.00 $702.15 $125,424.13
150 $125,424.13 $538.64 $0.00 $709.17 $126,671.94
151 $126,671.94 $538.64 $0.00 $716.22 $127,926.80
152 $127,926.80 $538.64 $0.00 $723.32 $129,188.76
153 $129,188.76 $538.64 $0.00 $730.45 $130,457.85
154 $130,457.85 $538.64 $0.00 $737.63 $131,734.12
155 $131,734.12 $538.64 $0.00 $744.84 $133,017.60
156 $133,017.60 $538.64 $0.00 $752.10 $134,308.34
157 $134,308.34 $538.64 $0.00 $759.40 $135,606.38
158 $135,606.38 $538.64 $0.00 $766.74 $136,911.76
159 $136,911.76 $538.64 $0.00 $774.12 $138,224.52
160 $138,224.52 $538.64 $0.00 $781.54 $139,544.70
161 $139,544.70 $538.64 $0.00 $789.01 $140,872.35
162 $140,872.35 $538.64 $0.00 $796.51 $142,207.50
163 $142,207.50 $538.64 $0.00 $804.06 $143,550.20
164 $143,550.20 $538.64 $0.00 $811.65 $144,900.49
165 $144,900.49 $538.64 $0.00 $819.29 $146,258.42
166 $146,258.42 $538.64 $0.00 $826.97 $147,624.03
167 $147,624.03 $538.64 $0.00 $834.69 $148,997.36
168 $148,997.36 $538.64 $0.00 $842.45 $150,378.45
169 $150,378.45 $538.64 $0.00 $850.26 $151,767.35
170 $151,767.35 $538.64 $0.00 $858.11 $153,164.10
171 $153,164.10 $538.64 $0.00 $866.01 $154,568.75
172 $154,568.75 $538.64 $0.00 $873.95 $155,981.34
173 $155,981.34 $538.64 $0.00 $881.94 $157,401.92
174 $157,401.92 $538.64 $0.00 $889.97 $158,830.53
175 $158,830.53 $538.64 $0.00 $898.05 $160,267.22
176 $160,267.22 $538.64 $0.00 $906.17 $161,712.03
177 $161,712.03 $538.64 $0.00 $914.34 $163,165.01
178 $163,165.01 $538.64 $0.00 $922.56 $164,626.21
179 $164,626.21 $538.64 $0.00 $930.82 $166,095.67
180 $166,095.67 $538.64 $0.00 $939.13 $167,573.44
181 $167,573.44 $538.64 $0.00 $947.48 $169,059.56
182 $169,059.56 $538.64 $0.00 $955.89 $170,554.09
183 $170,554.09 $538.64 $0.00 $964.34 $172,057.07
184 $172,057.07 $538.64 $0.00 $972.84 $173,568.55
185 $173,568.55 $538.64 $0.00 $981.38 $175,088.57
186 $175,088.57 $538.64 $0.00 $989.98 $176,617.19
187 $176,617.19 $538.64 $0.00 $998.62 $178,154.45
188 $178,154.45 $538.64 $0.00 $1,007.31 $179,700.40
189 $179,700.40 $538.64 $0.00 $1,016.05 $181,255.09
190 $181,255.09 $538.64 $0.00 $1,024.84 $182,818.57
191 $182,818.57 $538.64 $0.00 $1,033.68 $184,390.89
192 $184,390.89 $538.64 $0.00 $1,042.57 $185,972.10
193 $185,972.10 $538.64 $0.00 $1,051.51 $187,562.25
194 $187,562.25 $538.64 $0.00 $1,060.50 $189,161.39
195 $189,161.39 $538.64 $0.00 $1,069.55 $190,769.58
196 $190,769.58 $538.64 $0.00 $1,078.64 $192,386.86
197 $192,386.86 $538.64 $0.00 $1,087.78 $194,013.28
198 $194,013.28 $538.64 $0.00 $1,096.98 $195,648.90
199 $195,648.90 $538.64 $0.00 $1,106.23 $197,293.77
200 $197,293.77 $538.64 $0.00 $1,115.53 $198,947.94
201 $198,947.94 $538.64 $0.00 $1,124.88 $200,611.46
202 $200,611.46 $538.64 $0.00 $1,134.29 $202,284.39
203 $202,284.39 $538.64 $0.00 $1,143.75 $203,966.78
204 $203,966.78 $538.64 $0.00 $1,153.26 $205,658.68
205 $205,658.68 $538.64 $0.00 $1,162.82 $207,360.14
206 $207,360.14 $538.64 $0.00 $1,172.44 $209,071.22
207 $209,071.22 $538.64 $0.00 $1,182.12 $210,791.98
208 $210,791.98 $538.64 $0.00 $1,191.85 $212,522.47
209 $212,522.47 $538.64 $0.00 $1,201.63 $214,262.74
210 $214,262.74 $538.64 $0.00 $1,211.47 $216,012.85
211 $216,012.85 $538.64 $0.00 $1,221.37 $217,772.86
212 $217,772.86 $538.64 $0.00 $1,231.32 $219,542.82
213 $219,542.82 $538.64 $0.00 $1,241.33 $221,322.79
214 $221,322.79 $538.64 $0.00 $1,251.39 $223,112.82
215 $223,112.82 $538.64 $0.00 $1,261.51 $224,912.97
216 $224,912.97 $538.64 $0.00 $1,271.69 $226,723.30
217 $226,723.30 $538.64 $63,149.69 $1,281.93 $165,394.18
218 $165,394.18 $538.64 $0.00 $935.16 $166,867.98
219 $166,867.98 $538.64 $0.00 $943.50 $168,350.12
220 $168,350.12 $538.64 $0.00 $951.88 $169,840.64
221 $169,840.64 $538.64 $0.00 $960.30 $171,339.58
222 $171,339.58 $538.64 $0.00 $968.78 $172,847.00
223 $172,847.00 $538.64 $0.00 $977.30 $174,362.94
224 $174,362.94 $538.64 $0.00 $985.87 $175,887.45
225 $175,887.45 $538.64 $0.00 $994.49 $177,420.58
226 $177,420.58 $538.64 $0.00 $1,003.16 $178,962.38
227 $178,962.38 $538.64 $0.00 $1,011.88 $180,512.90
228 $180,512.90 $538.64 $0.00 $1,020.65 $182,072.19
229 $182,072.19 $538.64 $66,307.17 $1,029.46 $117,333.12
230 $117,333.12 $538.64 $0.00 $663.42 $118,535.18
231 $118,535.18 $538.64 $0.00 $670.22 $119,744.04
232 $119,744.04 $538.64 $0.00 $677.05 $120,959.73
233 $120,959.73 $538.64 $0.00 $683.92 $122,182.29
234 $122,182.29 $538.64 $0.00 $690.84 $123,411.77
235 $123,411.77 $538.64 $0.00 $697.79 $124,648.20
236 $124,648.20 $538.64 $0.00 $704.78 $125,891.62
237 $125,891.62 $538.64 $0.00 $711.81 $127,142.07
238 $127,142.07 $538.64 $0.00 $718.88 $128,399.59
239 $128,399.59 $538.64 $0.00 $725.99 $129,664.22
240 $129,664.22 $538.64 $0.00 $733.14 $130,936.00
241 $130,936.00 $538.64 $69,622.53 $740.33 $62,592.44
242 $62,592.44 $538.64 $0.00 $353.91 $63,484.99
243 $63,484.99 $538.64 $0.00 $358.95 $64,382.58
244 $64,382.58 $538.64 $0.00 $364.03 $65,285.25
245 $65,285.25 $538.64 $0.00 $369.13 $66,193.02
246 $66,193.02 $538.64 $0.00 $374.26 $67,105.92
247 $67,105.92 $538.64 $0.00 $379.43 $68,023.99
248 $68,023.99 $538.64 $0.00 $384.62 $68,947.25
249 $68,947.25 $538.64 $0.00 $389.84 $69,875.73
250 $69,875.73 $538.64 $0.00 $395.09 $70,809.46
251 $70,809.46 $538.64 $0.00 $400.37 $71,748.47
252 $71,748.47 $538.64 $0.00 $405.68 $72,692.79
253 $72,692.79 $0.00 $73,103.66 $411.02 $0.15