Savings Plan and Future Cost Estimation for Lee University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$84,279
Monthly savings required$667

How much will it cost to send your child to Lee University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $337,116.97 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $667.14 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$32,500.00
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 $667.14 $0.00 $0.00 $667.14
2 $667.14 $667.14 $0.00 $3.77 $1,338.05
3 $1,338.05 $667.14 $0.00 $7.57 $2,012.76
4 $2,012.76 $667.14 $0.00 $11.38 $2,691.28
5 $2,691.28 $667.14 $0.00 $15.22 $3,373.64
6 $3,373.64 $667.14 $0.00 $19.08 $4,059.86
7 $4,059.86 $667.14 $0.00 $22.96 $4,749.96
8 $4,749.96 $667.14 $0.00 $26.86 $5,443.96
9 $5,443.96 $667.14 $0.00 $30.78 $6,141.88
10 $6,141.88 $667.14 $0.00 $34.73 $6,843.75
11 $6,843.75 $667.14 $0.00 $38.70 $7,549.59
12 $7,549.59 $667.14 $0.00 $42.69 $8,259.42
13 $8,259.42 $667.14 $0.00 $46.70 $8,973.26
14 $8,973.26 $667.14 $0.00 $50.74 $9,691.14
15 $9,691.14 $667.14 $0.00 $54.80 $10,413.08
16 $10,413.08 $667.14 $0.00 $58.88 $11,139.10
17 $11,139.10 $667.14 $0.00 $62.98 $11,869.22
18 $11,869.22 $667.14 $0.00 $67.11 $12,603.47
19 $12,603.47 $667.14 $0.00 $71.26 $13,341.87
20 $13,341.87 $667.14 $0.00 $75.44 $14,084.45
21 $14,084.45 $667.14 $0.00 $79.64 $14,831.23
22 $14,831.23 $667.14 $0.00 $83.86 $15,582.23
23 $15,582.23 $667.14 $0.00 $88.10 $16,337.47
24 $16,337.47 $667.14 $0.00 $92.37 $17,096.98
25 $17,096.98 $667.14 $0.00 $96.67 $17,860.79
26 $17,860.79 $667.14 $0.00 $100.99 $18,628.92
27 $18,628.92 $667.14 $0.00 $105.33 $19,401.39
28 $19,401.39 $667.14 $0.00 $109.70 $20,178.23
29 $20,178.23 $667.14 $0.00 $114.09 $20,959.46
30 $20,959.46 $667.14 $0.00 $118.51 $21,745.11
31 $21,745.11 $667.14 $0.00 $122.95 $22,535.20
32 $22,535.20 $667.14 $0.00 $127.42 $23,329.76
33 $23,329.76 $667.14 $0.00 $131.91 $24,128.81
34 $24,128.81 $667.14 $0.00 $136.43 $24,932.38
35 $24,932.38 $667.14 $0.00 $140.97 $25,740.49
36 $25,740.49 $667.14 $0.00 $145.54 $26,553.17
37 $26,553.17 $667.14 $0.00 $150.14 $27,370.45
38 $27,370.45 $667.14 $0.00 $154.76 $28,192.35
39 $28,192.35 $667.14 $0.00 $159.40 $29,018.89
40 $29,018.89 $667.14 $0.00 $164.08 $29,850.11
41 $29,850.11 $667.14 $0.00 $168.78 $30,686.03
42 $30,686.03 $667.14 $0.00 $173.50 $31,526.67
43 $31,526.67 $667.14 $0.00 $178.26 $32,372.07
44 $32,372.07 $667.14 $0.00 $183.04 $33,222.25
45 $33,222.25 $667.14 $0.00 $187.84 $34,077.23
46 $34,077.23 $667.14 $0.00 $192.68 $34,937.05
47 $34,937.05 $667.14 $0.00 $197.54 $35,801.73
48 $35,801.73 $667.14 $0.00 $202.43 $36,671.30
49 $36,671.30 $667.14 $0.00 $207.34 $37,545.78
50 $37,545.78 $667.14 $0.00 $212.29 $38,425.21
51 $38,425.21 $667.14 $0.00 $217.26 $39,309.61
52 $39,309.61 $667.14 $0.00 $222.26 $40,199.01
53 $40,199.01 $667.14 $0.00 $227.29 $41,093.44
54 $41,093.44 $667.14 $0.00 $232.35 $41,992.93
55 $41,992.93 $667.14 $0.00 $237.43 $42,897.50
56 $42,897.50 $667.14 $0.00 $242.55 $43,807.19
57 $43,807.19 $667.14 $0.00 $247.69 $44,722.02
58 $44,722.02 $667.14 $0.00 $252.86 $45,642.02
59 $45,642.02 $667.14 $0.00 $258.07 $46,567.23
60 $46,567.23 $667.14 $0.00 $263.30 $47,497.67
61 $47,497.67 $667.14 $0.00 $268.56 $48,433.37
62 $48,433.37 $667.14 $0.00 $273.85 $49,374.36
63 $49,374.36 $667.14 $0.00 $279.17 $50,320.67
64 $50,320.67 $667.14 $0.00 $284.52 $51,272.33
65 $51,272.33 $667.14 $0.00 $289.90 $52,229.37
66 $52,229.37 $667.14 $0.00 $295.31 $53,191.82
67 $53,191.82 $667.14 $0.00 $300.75 $54,159.71
68 $54,159.71 $667.14 $0.00 $306.23 $55,133.08
69 $55,133.08 $667.14 $0.00 $311.73 $56,111.95
70 $56,111.95 $667.14 $0.00 $317.27 $57,096.36
71 $57,096.36 $667.14 $0.00 $322.83 $58,086.33
72 $58,086.33 $667.14 $0.00 $328.43 $59,081.90
73 $59,081.90 $667.14 $0.00 $334.06 $60,083.10
74 $60,083.10 $667.14 $0.00 $339.72 $61,089.96
75 $61,089.96 $667.14 $0.00 $345.41 $62,102.51
76 $62,102.51 $667.14 $0.00 $351.14 $63,120.79
77 $63,120.79 $667.14 $0.00 $356.89 $64,144.82
78 $64,144.82 $667.14 $0.00 $362.68 $65,174.64
79 $65,174.64 $667.14 $0.00 $368.51 $66,210.29
80 $66,210.29 $667.14 $0.00 $374.36 $67,251.79
81 $67,251.79 $667.14 $0.00 $380.25 $68,299.18
82 $68,299.18 $667.14 $0.00 $386.17 $69,352.49
83 $69,352.49 $667.14 $0.00 $392.13 $70,411.76
84 $70,411.76 $667.14 $0.00 $398.12 $71,477.02
85 $71,477.02 $667.14 $0.00 $404.14 $72,548.30
86 $72,548.30 $667.14 $0.00 $410.20 $73,625.64
87 $73,625.64 $667.14 $0.00 $416.29 $74,709.07
88 $74,709.07 $667.14 $0.00 $422.42 $75,798.63
89 $75,798.63 $667.14 $0.00 $428.58 $76,894.35
90 $76,894.35 $667.14 $0.00 $434.77 $77,996.26
91 $77,996.26 $667.14 $0.00 $441.00 $79,104.40
92 $79,104.40 $667.14 $0.00 $447.27 $80,218.81
93 $80,218.81 $667.14 $0.00 $453.57 $81,339.52
94 $81,339.52 $667.14 $0.00 $459.91 $82,466.57
95 $82,466.57 $667.14 $0.00 $466.28 $83,599.99
96 $83,599.99 $667.14 $0.00 $472.69 $84,739.82
97 $84,739.82 $667.14 $0.00 $479.13 $85,886.09
98 $85,886.09 $667.14 $0.00 $485.61 $87,038.84
99 $87,038.84 $667.14 $0.00 $492.13 $88,198.11
100 $88,198.11 $667.14 $0.00 $498.68 $89,363.93
101 $89,363.93 $667.14 $0.00 $505.28 $90,536.35
102 $90,536.35 $667.14 $0.00 $511.91 $91,715.40
103 $91,715.40 $667.14 $0.00 $518.57 $92,901.11
104 $92,901.11 $667.14 $0.00 $525.28 $94,093.53
105 $94,093.53 $667.14 $0.00 $532.02 $95,292.69
106 $95,292.69 $667.14 $0.00 $538.80 $96,498.63
107 $96,498.63 $667.14 $0.00 $545.62 $97,711.39
108 $97,711.39 $667.14 $0.00 $552.47 $98,931.00
109 $98,931.00 $667.14 $0.00 $559.37 $100,157.51
110 $100,157.51 $667.14 $0.00 $566.31 $101,390.96
111 $101,390.96 $667.14 $0.00 $573.28 $102,631.38
112 $102,631.38 $667.14 $0.00 $580.29 $103,878.81
113 $103,878.81 $667.14 $0.00 $587.35 $105,133.30
114 $105,133.30 $667.14 $0.00 $594.44 $106,394.88
115 $106,394.88 $667.14 $0.00 $601.57 $107,663.59
116 $107,663.59 $667.14 $0.00 $608.75 $108,939.48
117 $108,939.48 $667.14 $0.00 $615.96 $110,222.58
118 $110,222.58 $667.14 $0.00 $623.21 $111,512.93
119 $111,512.93 $667.14 $0.00 $630.51 $112,810.58
120 $112,810.58 $667.14 $0.00 $637.85 $114,115.57
121 $114,115.57 $667.14 $0.00 $645.23 $115,427.94
122 $115,427.94 $667.14 $0.00 $652.65 $116,747.73
123 $116,747.73 $667.14 $0.00 $660.11 $118,074.98
124 $118,074.98 $667.14 $0.00 $667.61 $119,409.73
125 $119,409.73 $667.14 $0.00 $675.16 $120,752.03
126 $120,752.03 $667.14 $0.00 $682.75 $122,101.92
127 $122,101.92 $667.14 $0.00 $690.38 $123,459.44
128 $123,459.44 $667.14 $0.00 $698.06 $124,824.64
129 $124,824.64 $667.14 $0.00 $705.78 $126,197.56
130 $126,197.56 $667.14 $0.00 $713.54 $127,578.24
131 $127,578.24 $667.14 $0.00 $721.35 $128,966.73
132 $128,966.73 $667.14 $0.00 $729.20 $130,363.07
133 $130,363.07 $667.14 $0.00 $737.09 $131,767.30
134 $131,767.30 $667.14 $0.00 $745.03 $133,179.47
135 $133,179.47 $667.14 $0.00 $753.02 $134,599.63
136 $134,599.63 $667.14 $0.00 $761.05 $136,027.82
137 $136,027.82 $667.14 $0.00 $769.12 $137,464.08
138 $137,464.08 $667.14 $0.00 $777.24 $138,908.46
139 $138,908.46 $667.14 $0.00 $785.41 $140,361.01
140 $140,361.01 $667.14 $0.00 $793.62 $141,821.77
141 $141,821.77 $667.14 $0.00 $801.88 $143,290.79
142 $143,290.79 $667.14 $0.00 $810.19 $144,768.12
143 $144,768.12 $667.14 $0.00 $818.54 $146,253.80
144 $146,253.80 $667.14 $0.00 $826.94 $147,747.88
145 $147,747.88 $667.14 $0.00 $835.39 $149,250.41
146 $149,250.41 $667.14 $0.00 $843.88 $150,761.43
147 $150,761.43 $667.14 $0.00 $852.43 $152,281.00
148 $152,281.00 $667.14 $0.00 $861.02 $153,809.16
149 $153,809.16 $667.14 $0.00 $869.66 $155,345.96
150 $155,345.96 $667.14 $0.00 $878.35 $156,891.45
151 $156,891.45 $667.14 $0.00 $887.09 $158,445.68
152 $158,445.68 $667.14 $0.00 $895.87 $160,008.69
153 $160,008.69 $667.14 $0.00 $904.71 $161,580.54
154 $161,580.54 $667.14 $0.00 $913.60 $163,161.28
155 $163,161.28 $667.14 $0.00 $922.54 $164,750.96
156 $164,750.96 $667.14 $0.00 $931.53 $166,349.63
157 $166,349.63 $667.14 $0.00 $940.56 $167,957.33
158 $167,957.33 $667.14 $0.00 $949.66 $169,574.13
159 $169,574.13 $667.14 $0.00 $958.80 $171,200.07
160 $171,200.07 $667.14 $0.00 $967.99 $172,835.20
161 $172,835.20 $667.14 $0.00 $977.24 $174,479.58
162 $174,479.58 $667.14 $0.00 $986.53 $176,133.25
163 $176,133.25 $667.14 $0.00 $995.88 $177,796.27
164 $177,796.27 $667.14 $0.00 $1,005.29 $179,468.70
165 $179,468.70 $667.14 $0.00 $1,014.74 $181,150.58
166 $181,150.58 $667.14 $0.00 $1,024.25 $182,841.97
167 $182,841.97 $667.14 $0.00 $1,033.82 $184,542.93
168 $184,542.93 $667.14 $0.00 $1,043.43 $186,253.50
169 $186,253.50 $667.14 $0.00 $1,053.10 $187,973.74
170 $187,973.74 $667.14 $0.00 $1,062.83 $189,703.71
171 $189,703.71 $667.14 $0.00 $1,072.61 $191,443.46
172 $191,443.46 $667.14 $0.00 $1,082.45 $193,193.05
173 $193,193.05 $667.14 $0.00 $1,092.34 $194,952.53
174 $194,952.53 $667.14 $0.00 $1,102.29 $196,721.96
175 $196,721.96 $667.14 $0.00 $1,112.29 $198,501.39
176 $198,501.39 $667.14 $0.00 $1,122.36 $200,290.89
177 $200,290.89 $667.14 $0.00 $1,132.47 $202,090.50
178 $202,090.50 $667.14 $0.00 $1,142.65 $203,900.29
179 $203,900.29 $667.14 $0.00 $1,152.88 $205,720.31
180 $205,720.31 $667.14 $0.00 $1,163.17 $207,550.62
181 $207,550.62 $667.14 $0.00 $1,173.52 $209,391.28
182 $209,391.28 $667.14 $0.00 $1,183.93 $211,242.35
183 $211,242.35 $667.14 $0.00 $1,194.39 $213,103.88
184 $213,103.88 $667.14 $0.00 $1,204.92 $214,975.94
185 $214,975.94 $667.14 $0.00 $1,215.51 $216,858.59
186 $216,858.59 $667.14 $0.00 $1,226.15 $218,751.88
187 $218,751.88 $667.14 $0.00 $1,236.85 $220,655.87
188 $220,655.87 $667.14 $0.00 $1,247.62 $222,570.63
189 $222,570.63 $667.14 $0.00 $1,258.45 $224,496.22
190 $224,496.22 $667.14 $0.00 $1,269.33 $226,432.69
191 $226,432.69 $667.14 $0.00 $1,280.28 $228,380.11
192 $228,380.11 $667.14 $0.00 $1,291.29 $230,338.54
193 $230,338.54 $667.14 $0.00 $1,302.37 $232,308.05
194 $232,308.05 $667.14 $0.00 $1,313.50 $234,288.69
195 $234,288.69 $667.14 $0.00 $1,324.70 $236,280.53
196 $236,280.53 $667.14 $0.00 $1,335.96 $238,283.63
197 $238,283.63 $667.14 $0.00 $1,347.29 $240,298.06
198 $240,298.06 $667.14 $0.00 $1,358.68 $242,323.88
199 $242,323.88 $667.14 $0.00 $1,370.13 $244,361.15
200 $244,361.15 $667.14 $0.00 $1,381.65 $246,409.94
201 $246,409.94 $667.14 $0.00 $1,393.24 $248,470.32
202 $248,470.32 $667.14 $0.00 $1,404.89 $250,542.35
203 $250,542.35 $667.14 $0.00 $1,416.60 $252,626.09
204 $252,626.09 $667.14 $0.00 $1,428.38 $254,721.61
205 $254,721.61 $667.14 $0.00 $1,440.23 $256,828.98
206 $256,828.98 $667.14 $0.00 $1,452.15 $258,948.27
207 $258,948.27 $667.14 $0.00 $1,464.13 $261,079.54
208 $261,079.54 $667.14 $0.00 $1,476.18 $263,222.86
209 $263,222.86 $667.14 $0.00 $1,488.30 $265,378.30
210 $265,378.30 $667.14 $0.00 $1,500.49 $267,545.93
211 $267,545.93 $667.14 $0.00 $1,512.74 $269,725.81
212 $269,725.81 $667.14 $0.00 $1,525.07 $271,918.02
213 $271,918.02 $667.14 $0.00 $1,537.46 $274,122.62
214 $274,122.62 $667.14 $0.00 $1,549.93 $276,339.69
215 $276,339.69 $667.14 $0.00 $1,562.46 $278,569.29
216 $278,569.29 $667.14 $0.00 $1,575.07 $280,811.50
217 $280,811.50 $667.14 $78,215.13 $1,587.75 $204,851.26
218 $204,851.26 $667.14 $0.00 $1,158.26 $206,676.66
219 $206,676.66 $667.14 $0.00 $1,168.58 $208,512.38
220 $208,512.38 $667.14 $0.00 $1,178.96 $210,358.48
221 $210,358.48 $667.14 $0.00 $1,189.40 $212,215.02
222 $212,215.02 $667.14 $0.00 $1,199.89 $214,082.05
223 $214,082.05 $667.14 $0.00 $1,210.45 $215,959.64
224 $215,959.64 $667.14 $0.00 $1,221.07 $217,847.85
225 $217,847.85 $667.14 $0.00 $1,231.74 $219,746.73
226 $219,746.73 $667.14 $0.00 $1,242.48 $221,656.35
227 $221,656.35 $667.14 $0.00 $1,253.28 $223,576.77
228 $223,576.77 $667.14 $0.00 $1,264.14 $225,508.05
229 $225,508.05 $667.14 $82,125.88 $1,275.06 $145,324.37
230 $145,324.37 $667.14 $0.00 $821.69 $146,813.20
231 $146,813.20 $667.14 $0.00 $830.10 $148,310.44
232 $148,310.44 $667.14 $0.00 $838.57 $149,816.15
233 $149,816.15 $667.14 $0.00 $847.08 $151,330.37
234 $151,330.37 $667.14 $0.00 $855.64 $152,853.15
235 $152,853.15 $667.14 $0.00 $864.25 $154,384.54
236 $154,384.54 $667.14 $0.00 $872.91 $155,924.59
237 $155,924.59 $667.14 $0.00 $881.62 $157,473.35
238 $157,473.35 $667.14 $0.00 $890.38 $159,030.87
239 $159,030.87 $667.14 $0.00 $899.18 $160,597.19
240 $160,597.19 $667.14 $0.00 $908.04 $162,172.37
241 $162,172.37 $667.14 $86,232.18 $916.95 $77,524.28
242 $77,524.28 $667.14 $0.00 $438.33 $78,629.75
243 $78,629.75 $667.14 $0.00 $444.58 $79,741.47
244 $79,741.47 $667.14 $0.00 $450.87 $80,859.48
245 $80,859.48 $667.14 $0.00 $457.19 $81,983.81
246 $81,983.81 $667.14 $0.00 $463.55 $83,114.50
247 $83,114.50 $667.14 $0.00 $469.94 $84,251.58
248 $84,251.58 $667.14 $0.00 $476.37 $85,395.09
249 $85,395.09 $667.14 $0.00 $482.84 $86,545.07
250 $86,545.07 $667.14 $0.00 $489.34 $87,701.55
251 $87,701.55 $667.14 $0.00 $495.88 $88,864.57
252 $88,864.57 $667.14 $0.00 $502.45 $90,034.16
253 $90,034.16 $0.00 $90,543.78 $509.07 ($0.55)