Savings Plan and Future Cost Estimation for Lincoln Memorial University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$98,179
Monthly savings required$777

How much will it cost to send your child to Lincoln Memorial University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $392,715.33 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $777.17 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$37,860.00
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 $777.17 $0.00 $0.00 $777.17
2 $777.17 $777.17 $0.00 $4.39 $1,558.73
3 $1,558.73 $777.17 $0.00 $8.81 $2,344.71
4 $2,344.71 $777.17 $0.00 $13.26 $3,135.14
5 $3,135.14 $777.17 $0.00 $17.73 $3,930.04
6 $3,930.04 $777.17 $0.00 $22.22 $4,729.43
7 $4,729.43 $777.17 $0.00 $26.74 $5,533.34
8 $5,533.34 $777.17 $0.00 $31.29 $6,341.80
9 $6,341.80 $777.17 $0.00 $35.86 $7,154.83
10 $7,154.83 $777.17 $0.00 $40.45 $7,972.45
11 $7,972.45 $777.17 $0.00 $45.08 $8,794.70
12 $8,794.70 $777.17 $0.00 $49.73 $9,621.60
13 $9,621.60 $777.17 $0.00 $54.40 $10,453.17
14 $10,453.17 $777.17 $0.00 $59.10 $11,289.44
15 $11,289.44 $777.17 $0.00 $63.83 $12,130.44
16 $12,130.44 $777.17 $0.00 $68.59 $12,976.20
17 $12,976.20 $777.17 $0.00 $73.37 $13,826.74
18 $13,826.74 $777.17 $0.00 $78.18 $14,682.09
19 $14,682.09 $777.17 $0.00 $83.01 $15,542.27
20 $15,542.27 $777.17 $0.00 $87.88 $16,407.32
21 $16,407.32 $777.17 $0.00 $92.77 $17,277.26
22 $17,277.26 $777.17 $0.00 $97.69 $18,152.12
23 $18,152.12 $777.17 $0.00 $102.63 $19,031.92
24 $19,031.92 $777.17 $0.00 $107.61 $19,916.70
25 $19,916.70 $777.17 $0.00 $112.61 $20,806.48
26 $20,806.48 $777.17 $0.00 $117.64 $21,701.29
27 $21,701.29 $777.17 $0.00 $122.70 $22,601.16
28 $22,601.16 $777.17 $0.00 $127.79 $23,506.12
29 $23,506.12 $777.17 $0.00 $132.91 $24,416.20
30 $24,416.20 $777.17 $0.00 $138.05 $25,331.42
31 $25,331.42 $777.17 $0.00 $143.23 $26,251.82
32 $26,251.82 $777.17 $0.00 $148.43 $27,177.42
33 $27,177.42 $777.17 $0.00 $153.67 $28,108.26
34 $28,108.26 $777.17 $0.00 $158.93 $29,044.36
35 $29,044.36 $777.17 $0.00 $164.22 $29,985.75
36 $29,985.75 $777.17 $0.00 $169.54 $30,932.46
37 $30,932.46 $777.17 $0.00 $174.90 $31,884.53
38 $31,884.53 $777.17 $0.00 $180.28 $32,841.98
39 $32,841.98 $777.17 $0.00 $185.69 $33,804.84
40 $33,804.84 $777.17 $0.00 $191.14 $34,773.15
41 $34,773.15 $777.17 $0.00 $196.61 $35,746.93
42 $35,746.93 $777.17 $0.00 $202.12 $36,726.22
43 $36,726.22 $777.17 $0.00 $207.66 $37,711.05
44 $37,711.05 $777.17 $0.00 $213.22 $38,701.44
45 $38,701.44 $777.17 $0.00 $218.82 $39,697.43
46 $39,697.43 $777.17 $0.00 $224.46 $40,699.06
47 $40,699.06 $777.17 $0.00 $230.12 $41,706.35
48 $41,706.35 $777.17 $0.00 $235.81 $42,719.33
49 $42,719.33 $777.17 $0.00 $241.54 $43,738.04
50 $43,738.04 $777.17 $0.00 $247.30 $44,762.51
51 $44,762.51 $777.17 $0.00 $253.09 $45,792.77
52 $45,792.77 $777.17 $0.00 $258.92 $46,828.86
53 $46,828.86 $777.17 $0.00 $264.78 $47,870.81
54 $47,870.81 $777.17 $0.00 $270.67 $48,918.65
55 $48,918.65 $777.17 $0.00 $276.59 $49,972.41
56 $49,972.41 $777.17 $0.00 $282.55 $51,032.13
57 $51,032.13 $777.17 $0.00 $288.54 $52,097.84
58 $52,097.84 $777.17 $0.00 $294.57 $53,169.58
59 $53,169.58 $777.17 $0.00 $300.63 $54,247.38
60 $54,247.38 $777.17 $0.00 $306.72 $55,331.27
61 $55,331.27 $777.17 $0.00 $312.85 $56,421.29
62 $56,421.29 $777.17 $0.00 $319.01 $57,517.47
63 $57,517.47 $777.17 $0.00 $325.21 $58,619.85
64 $58,619.85 $777.17 $0.00 $331.45 $59,728.47
65 $59,728.47 $777.17 $0.00 $337.71 $60,843.35
66 $60,843.35 $777.17 $0.00 $344.02 $61,964.54
67 $61,964.54 $777.17 $0.00 $350.36 $63,092.07
68 $63,092.07 $777.17 $0.00 $356.73 $64,225.97
69 $64,225.97 $777.17 $0.00 $363.14 $65,366.28
70 $65,366.28 $777.17 $0.00 $369.59 $66,513.04
71 $66,513.04 $777.17 $0.00 $376.07 $67,666.28
72 $67,666.28 $777.17 $0.00 $382.59 $68,826.04
73 $68,826.04 $777.17 $0.00 $389.15 $69,992.36
74 $69,992.36 $777.17 $0.00 $395.75 $71,165.28
75 $71,165.28 $777.17 $0.00 $402.38 $72,344.83
76 $72,344.83 $777.17 $0.00 $409.05 $73,531.05
77 $73,531.05 $777.17 $0.00 $415.76 $74,723.98
78 $74,723.98 $777.17 $0.00 $422.50 $75,923.65
79 $75,923.65 $777.17 $0.00 $429.28 $77,130.10
80 $77,130.10 $777.17 $0.00 $436.10 $78,343.37
81 $78,343.37 $777.17 $0.00 $442.96 $79,563.50
82 $79,563.50 $777.17 $0.00 $449.86 $80,790.53
83 $80,790.53 $777.17 $0.00 $456.80 $82,024.50
84 $82,024.50 $777.17 $0.00 $463.78 $83,265.45
85 $83,265.45 $777.17 $0.00 $470.79 $84,513.41
86 $84,513.41 $777.17 $0.00 $477.85 $85,768.43
87 $85,768.43 $777.17 $0.00 $484.95 $87,030.55
88 $87,030.55 $777.17 $0.00 $492.08 $88,299.80
89 $88,299.80 $777.17 $0.00 $499.26 $89,576.23
90 $89,576.23 $777.17 $0.00 $506.48 $90,859.88
91 $90,859.88 $777.17 $0.00 $513.73 $92,150.78
92 $92,150.78 $777.17 $0.00 $521.03 $93,448.98
93 $93,448.98 $777.17 $0.00 $528.37 $94,754.52
94 $94,754.52 $777.17 $0.00 $535.76 $96,067.45
95 $96,067.45 $777.17 $0.00 $543.18 $97,387.80
96 $97,387.80 $777.17 $0.00 $550.64 $98,715.61
97 $98,715.61 $777.17 $0.00 $558.15 $100,050.93
98 $100,050.93 $777.17 $0.00 $565.70 $101,393.80
99 $101,393.80 $777.17 $0.00 $573.30 $102,744.27
100 $102,744.27 $777.17 $0.00 $580.93 $104,102.37
101 $104,102.37 $777.17 $0.00 $588.61 $105,468.15
102 $105,468.15 $777.17 $0.00 $596.33 $106,841.65
103 $106,841.65 $777.17 $0.00 $604.10 $108,222.92
104 $108,222.92 $777.17 $0.00 $611.91 $109,612.00
105 $109,612.00 $777.17 $0.00 $619.76 $111,008.93
106 $111,008.93 $777.17 $0.00 $627.66 $112,413.76
107 $112,413.76 $777.17 $0.00 $635.60 $113,826.53
108 $113,826.53 $777.17 $0.00 $643.59 $115,247.29
109 $115,247.29 $777.17 $0.00 $651.62 $116,676.08
110 $116,676.08 $777.17 $0.00 $659.70 $118,112.95
111 $118,112.95 $777.17 $0.00 $667.83 $119,557.95
112 $119,557.95 $777.17 $0.00 $676.00 $121,011.12
113 $121,011.12 $777.17 $0.00 $684.21 $122,472.50
114 $122,472.50 $777.17 $0.00 $692.48 $123,942.15
115 $123,942.15 $777.17 $0.00 $700.79 $125,420.11
116 $125,420.11 $777.17 $0.00 $709.14 $126,906.42
117 $126,906.42 $777.17 $0.00 $717.55 $128,401.14
118 $128,401.14 $777.17 $0.00 $726.00 $129,904.31
119 $129,904.31 $777.17 $0.00 $734.50 $131,415.98
120 $131,415.98 $777.17 $0.00 $743.05 $132,936.20
121 $132,936.20 $777.17 $0.00 $751.64 $134,465.01
122 $134,465.01 $777.17 $0.00 $760.28 $136,002.46
123 $136,002.46 $777.17 $0.00 $768.98 $137,548.61
124 $137,548.61 $777.17 $0.00 $777.72 $139,103.50
125 $139,103.50 $777.17 $0.00 $786.51 $140,667.18
126 $140,667.18 $777.17 $0.00 $795.35 $142,239.70
127 $142,239.70 $777.17 $0.00 $804.24 $143,821.11
128 $143,821.11 $777.17 $0.00 $813.19 $145,411.47
129 $145,411.47 $777.17 $0.00 $822.18 $147,010.82
130 $147,010.82 $777.17 $0.00 $831.22 $148,619.21
131 $148,619.21 $777.17 $0.00 $840.31 $150,236.69
132 $150,236.69 $777.17 $0.00 $849.46 $151,863.32
133 $151,863.32 $777.17 $0.00 $858.66 $153,499.15
134 $153,499.15 $777.17 $0.00 $867.91 $155,144.23
135 $155,144.23 $777.17 $0.00 $877.21 $156,798.61
136 $156,798.61 $777.17 $0.00 $886.56 $158,462.34
137 $158,462.34 $777.17 $0.00 $895.97 $160,135.48
138 $160,135.48 $777.17 $0.00 $905.43 $161,818.08
139 $161,818.08 $777.17 $0.00 $914.94 $163,510.19
140 $163,510.19 $777.17 $0.00 $924.51 $165,211.87
141 $165,211.87 $777.17 $0.00 $934.13 $166,923.17
142 $166,923.17 $777.17 $0.00 $943.81 $168,644.15
143 $168,644.15 $777.17 $0.00 $953.54 $170,374.86
144 $170,374.86 $777.17 $0.00 $963.32 $172,115.35
145 $172,115.35 $777.17 $0.00 $973.17 $173,865.69
146 $173,865.69 $777.17 $0.00 $983.06 $175,625.92
147 $175,625.92 $777.17 $0.00 $993.01 $177,396.10
148 $177,396.10 $777.17 $0.00 $1,003.02 $179,176.29
149 $179,176.29 $777.17 $0.00 $1,013.09 $180,966.55
150 $180,966.55 $777.17 $0.00 $1,023.21 $182,766.93
151 $182,766.93 $777.17 $0.00 $1,033.39 $184,577.49
152 $184,577.49 $777.17 $0.00 $1,043.63 $186,398.29
153 $186,398.29 $777.17 $0.00 $1,053.92 $188,229.38
154 $188,229.38 $777.17 $0.00 $1,064.28 $190,070.83
155 $190,070.83 $777.17 $0.00 $1,074.69 $191,922.69
156 $191,922.69 $777.17 $0.00 $1,085.16 $193,785.02
157 $193,785.02 $777.17 $0.00 $1,095.69 $195,657.88
158 $195,657.88 $777.17 $0.00 $1,106.28 $197,541.33
159 $197,541.33 $777.17 $0.00 $1,116.93 $199,435.43
160 $199,435.43 $777.17 $0.00 $1,127.64 $201,340.24
161 $201,340.24 $777.17 $0.00 $1,138.41 $203,255.82
162 $203,255.82 $777.17 $0.00 $1,149.24 $205,182.23
163 $205,182.23 $777.17 $0.00 $1,160.13 $207,119.53
164 $207,119.53 $777.17 $0.00 $1,171.08 $209,067.78
165 $209,067.78 $777.17 $0.00 $1,182.10 $211,027.05
166 $211,027.05 $777.17 $0.00 $1,193.18 $212,997.40
167 $212,997.40 $777.17 $0.00 $1,204.32 $214,978.89
168 $214,978.89 $777.17 $0.00 $1,215.52 $216,971.58
169 $216,971.58 $777.17 $0.00 $1,226.79 $218,975.54
170 $218,975.54 $777.17 $0.00 $1,238.12 $220,990.83
171 $220,990.83 $777.17 $0.00 $1,249.51 $223,017.51
172 $223,017.51 $777.17 $0.00 $1,260.97 $225,055.65
173 $225,055.65 $777.17 $0.00 $1,272.50 $227,105.32
174 $227,105.32 $777.17 $0.00 $1,284.09 $229,166.58
175 $229,166.58 $777.17 $0.00 $1,295.74 $231,239.49
176 $231,239.49 $777.17 $0.00 $1,307.46 $233,324.12
177 $233,324.12 $777.17 $0.00 $1,319.25 $235,420.54
178 $235,420.54 $777.17 $0.00 $1,331.10 $237,528.81
179 $237,528.81 $777.17 $0.00 $1,343.02 $239,649.00
180 $239,649.00 $777.17 $0.00 $1,355.01 $241,781.18
181 $241,781.18 $777.17 $0.00 $1,367.07 $243,925.42
182 $243,925.42 $777.17 $0.00 $1,379.19 $246,081.78
183 $246,081.78 $777.17 $0.00 $1,391.38 $248,250.33
184 $248,250.33 $777.17 $0.00 $1,403.64 $250,431.14
185 $250,431.14 $777.17 $0.00 $1,415.97 $252,624.28
186 $252,624.28 $777.17 $0.00 $1,428.37 $254,829.82
187 $254,829.82 $777.17 $0.00 $1,440.84 $257,047.83
188 $257,047.83 $777.17 $0.00 $1,453.39 $259,278.39
189 $259,278.39 $777.17 $0.00 $1,466.00 $261,521.56
190 $261,521.56 $777.17 $0.00 $1,478.68 $263,777.41
191 $263,777.41 $777.17 $0.00 $1,491.44 $266,046.02
192 $266,046.02 $777.17 $0.00 $1,504.26 $268,327.45
193 $268,327.45 $777.17 $0.00 $1,517.16 $270,621.78
194 $270,621.78 $777.17 $0.00 $1,530.13 $272,929.08
195 $272,929.08 $777.17 $0.00 $1,543.18 $275,249.43
196 $275,249.43 $777.17 $0.00 $1,556.30 $277,582.90
197 $277,582.90 $777.17 $0.00 $1,569.49 $279,929.56
198 $279,929.56 $777.17 $0.00 $1,582.76 $282,289.49
199 $282,289.49 $777.17 $0.00 $1,596.11 $284,662.77
200 $284,662.77 $777.17 $0.00 $1,609.52 $287,049.46
201 $287,049.46 $777.17 $0.00 $1,623.02 $289,449.65
202 $289,449.65 $777.17 $0.00 $1,636.59 $291,863.41
203 $291,863.41 $777.17 $0.00 $1,650.24 $294,290.82
204 $294,290.82 $777.17 $0.00 $1,663.96 $296,731.95
205 $296,731.95 $777.17 $0.00 $1,677.77 $299,186.89
206 $299,186.89 $777.17 $0.00 $1,691.65 $301,655.71
207 $301,655.71 $777.17 $0.00 $1,705.61 $304,138.49
208 $304,138.49 $777.17 $0.00 $1,719.64 $306,635.30
209 $306,635.30 $777.17 $0.00 $1,733.76 $309,146.23
210 $309,146.23 $777.17 $0.00 $1,747.96 $311,671.36
211 $311,671.36 $777.17 $0.00 $1,762.24 $314,210.77
212 $314,210.77 $777.17 $0.00 $1,776.59 $316,764.53
213 $316,764.53 $777.17 $0.00 $1,791.03 $319,332.73
214 $319,332.73 $777.17 $0.00 $1,805.55 $321,915.45
215 $321,915.45 $777.17 $0.00 $1,820.16 $324,512.78
216 $324,512.78 $777.17 $0.00 $1,834.84 $327,124.79
217 $327,124.79 $777.17 $91,114.60 $1,849.61 $238,636.97
218 $238,636.97 $777.17 $0.00 $1,349.29 $240,763.43
219 $240,763.43 $777.17 $0.00 $1,361.31 $242,901.91
220 $242,901.91 $777.17 $0.00 $1,373.40 $245,052.48
221 $245,052.48 $777.17 $0.00 $1,385.56 $247,215.21
222 $247,215.21 $777.17 $0.00 $1,397.79 $249,390.17
223 $249,390.17 $777.17 $0.00 $1,410.09 $251,577.43
224 $251,577.43 $777.17 $0.00 $1,422.46 $253,777.06
225 $253,777.06 $777.17 $0.00 $1,434.89 $255,989.12
226 $255,989.12 $777.17 $0.00 $1,447.40 $258,213.69
227 $258,213.69 $777.17 $0.00 $1,459.98 $260,450.84
228 $260,450.84 $777.17 $0.00 $1,472.63 $262,700.64
229 $262,700.64 $777.17 $95,670.33 $1,485.35 $169,292.83
230 $169,292.83 $777.17 $0.00 $957.21 $171,027.21
231 $171,027.21 $777.17 $0.00 $967.01 $172,771.39
232 $172,771.39 $777.17 $0.00 $976.87 $174,525.43
233 $174,525.43 $777.17 $0.00 $986.79 $176,289.39
234 $176,289.39 $777.17 $0.00 $996.77 $178,063.33
235 $178,063.33 $777.17 $0.00 $1,006.80 $179,847.30
236 $179,847.30 $777.17 $0.00 $1,016.88 $181,641.35
237 $181,641.35 $777.17 $0.00 $1,027.03 $183,445.55
238 $183,445.55 $777.17 $0.00 $1,037.23 $185,259.95
239 $185,259.95 $777.17 $0.00 $1,047.49 $187,084.61
240 $187,084.61 $777.17 $0.00 $1,057.80 $188,919.58
241 $188,919.58 $777.17 $100,453.85 $1,068.18 $90,311.08
242 $90,311.08 $777.17 $0.00 $510.63 $91,598.88
243 $91,598.88 $777.17 $0.00 $517.91 $92,893.96
244 $92,893.96 $777.17 $0.00 $525.24 $94,196.37
245 $94,196.37 $777.17 $0.00 $532.60 $95,506.14
246 $95,506.14 $777.17 $0.00 $540.01 $96,823.32
247 $96,823.32 $777.17 $0.00 $547.45 $98,147.94
248 $98,147.94 $777.17 $0.00 $554.94 $99,480.05
249 $99,480.05 $777.17 $0.00 $562.47 $100,819.69
250 $100,819.69 $777.17 $0.00 $570.05 $102,166.91
251 $102,166.91 $777.17 $0.00 $577.67 $103,521.75
252 $103,521.75 $777.17 $0.00 $585.33 $104,884.25
253 $104,884.25 $0.00 $105,476.54 $593.03 $0.74