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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$115,190
Monthly savings required$912

How much will it cost to send your child to LeTourneau University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $460,761.10 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $911.83 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$44,420.00
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 $911.83 $0.00 $0.00 $911.83
2 $911.83 $911.83 $0.00 $5.16 $1,828.82
3 $1,828.82 $911.83 $0.00 $10.34 $2,750.99
4 $2,750.99 $911.83 $0.00 $15.55 $3,678.37
5 $3,678.37 $911.83 $0.00 $20.80 $4,611.00
6 $4,611.00 $911.83 $0.00 $26.07 $5,548.90
7 $5,548.90 $911.83 $0.00 $31.37 $6,492.10
8 $6,492.10 $911.83 $0.00 $36.71 $7,440.64
9 $7,440.64 $911.83 $0.00 $42.07 $8,394.54
10 $8,394.54 $911.83 $0.00 $47.46 $9,353.83
11 $9,353.83 $911.83 $0.00 $52.89 $10,318.55
12 $10,318.55 $911.83 $0.00 $58.34 $11,288.72
13 $11,288.72 $911.83 $0.00 $63.83 $12,264.38
14 $12,264.38 $911.83 $0.00 $69.34 $13,245.55
15 $13,245.55 $911.83 $0.00 $74.89 $14,232.27
16 $14,232.27 $911.83 $0.00 $80.47 $15,224.57
17 $15,224.57 $911.83 $0.00 $86.08 $16,222.48
18 $16,222.48 $911.83 $0.00 $91.72 $17,226.03
19 $17,226.03 $911.83 $0.00 $97.40 $18,235.26
20 $18,235.26 $911.83 $0.00 $103.10 $19,250.19
21 $19,250.19 $911.83 $0.00 $108.84 $20,270.86
22 $20,270.86 $911.83 $0.00 $114.61 $21,297.30
23 $21,297.30 $911.83 $0.00 $120.42 $22,329.55
24 $22,329.55 $911.83 $0.00 $126.25 $23,367.63
25 $23,367.63 $911.83 $0.00 $132.12 $24,411.58
26 $24,411.58 $911.83 $0.00 $138.03 $25,461.44
27 $25,461.44 $911.83 $0.00 $143.96 $26,517.23
28 $26,517.23 $911.83 $0.00 $149.93 $27,578.99
29 $27,578.99 $911.83 $0.00 $155.94 $28,646.76
30 $28,646.76 $911.83 $0.00 $161.97 $29,720.56
31 $29,720.56 $911.83 $0.00 $168.04 $30,800.43
32 $30,800.43 $911.83 $0.00 $174.15 $31,886.41
33 $31,886.41 $911.83 $0.00 $180.29 $32,978.53
34 $32,978.53 $911.83 $0.00 $186.47 $34,076.83
35 $34,076.83 $911.83 $0.00 $192.68 $35,181.34
36 $35,181.34 $911.83 $0.00 $198.92 $36,292.09
37 $36,292.09 $911.83 $0.00 $205.20 $37,409.12
38 $37,409.12 $911.83 $0.00 $211.52 $38,532.47
39 $38,532.47 $911.83 $0.00 $217.87 $39,662.17
40 $39,662.17 $911.83 $0.00 $224.26 $40,798.26
41 $40,798.26 $911.83 $0.00 $230.68 $41,940.77
42 $41,940.77 $911.83 $0.00 $237.14 $43,089.74
43 $43,089.74 $911.83 $0.00 $243.64 $44,245.21
44 $44,245.21 $911.83 $0.00 $250.17 $45,407.21
45 $45,407.21 $911.83 $0.00 $256.74 $46,575.78
46 $46,575.78 $911.83 $0.00 $263.35 $47,750.96
47 $47,750.96 $911.83 $0.00 $269.99 $48,932.78
48 $48,932.78 $911.83 $0.00 $276.67 $50,121.28
49 $50,121.28 $911.83 $0.00 $283.39 $51,316.50
50 $51,316.50 $911.83 $0.00 $290.15 $52,518.48
51 $52,518.48 $911.83 $0.00 $296.95 $53,727.26
52 $53,727.26 $911.83 $0.00 $303.78 $54,942.87
53 $54,942.87 $911.83 $0.00 $310.65 $56,165.35
54 $56,165.35 $911.83 $0.00 $317.57 $57,394.75
55 $57,394.75 $911.83 $0.00 $324.52 $58,631.10
56 $58,631.10 $911.83 $0.00 $331.51 $59,874.44
57 $59,874.44 $911.83 $0.00 $338.54 $61,124.81
58 $61,124.81 $911.83 $0.00 $345.61 $62,382.25
59 $62,382.25 $911.83 $0.00 $352.72 $63,646.80
60 $63,646.80 $911.83 $0.00 $359.87 $64,918.50
61 $64,918.50 $911.83 $0.00 $367.06 $66,197.39
62 $66,197.39 $911.83 $0.00 $374.29 $67,483.51
63 $67,483.51 $911.83 $0.00 $381.56 $68,776.90
64 $68,776.90 $911.83 $0.00 $388.87 $70,077.60
65 $70,077.60 $911.83 $0.00 $396.23 $71,385.66
66 $71,385.66 $911.83 $0.00 $403.62 $72,701.11
67 $72,701.11 $911.83 $0.00 $411.06 $74,024.00
68 $74,024.00 $911.83 $0.00 $418.54 $75,354.37
69 $75,354.37 $911.83 $0.00 $426.06 $76,692.26
70 $76,692.26 $911.83 $0.00 $433.63 $78,037.72
71 $78,037.72 $911.83 $0.00 $441.24 $79,390.79
72 $79,390.79 $911.83 $0.00 $448.89 $80,751.51
73 $80,751.51 $911.83 $0.00 $456.58 $82,119.92
74 $82,119.92 $911.83 $0.00 $464.32 $83,496.07
75 $83,496.07 $911.83 $0.00 $472.10 $84,880.00
76 $84,880.00 $911.83 $0.00 $479.92 $86,271.75
77 $86,271.75 $911.83 $0.00 $487.79 $87,671.37
78 $87,671.37 $911.83 $0.00 $495.71 $89,078.91
79 $89,078.91 $911.83 $0.00 $503.67 $90,494.41
80 $90,494.41 $911.83 $0.00 $511.67 $91,917.91
81 $91,917.91 $911.83 $0.00 $519.72 $93,349.46
82 $93,349.46 $911.83 $0.00 $527.81 $94,789.10
83 $94,789.10 $911.83 $0.00 $535.95 $96,236.88
84 $96,236.88 $911.83 $0.00 $544.14 $97,692.85
85 $97,692.85 $911.83 $0.00 $552.37 $99,157.05
86 $99,157.05 $911.83 $0.00 $560.65 $100,629.53
87 $100,629.53 $911.83 $0.00 $568.97 $102,110.33
88 $102,110.33 $911.83 $0.00 $577.35 $103,599.51
89 $103,599.51 $911.83 $0.00 $585.77 $105,097.11
90 $105,097.11 $911.83 $0.00 $594.23 $106,603.17
91 $106,603.17 $911.83 $0.00 $602.75 $108,117.75
92 $108,117.75 $911.83 $0.00 $611.31 $109,640.89
93 $109,640.89 $911.83 $0.00 $619.93 $111,172.65
94 $111,172.65 $911.83 $0.00 $628.59 $112,713.07
95 $112,713.07 $911.83 $0.00 $637.30 $114,262.20
96 $114,262.20 $911.83 $0.00 $646.06 $115,820.09
97 $115,820.09 $911.83 $0.00 $654.86 $117,386.78
98 $117,386.78 $911.83 $0.00 $663.72 $118,962.33
99 $118,962.33 $911.83 $0.00 $672.63 $120,546.79
100 $120,546.79 $911.83 $0.00 $681.59 $122,140.21
101 $122,140.21 $911.83 $0.00 $690.60 $123,742.64
102 $123,742.64 $911.83 $0.00 $699.66 $125,354.13
103 $125,354.13 $911.83 $0.00 $708.77 $126,974.73
104 $126,974.73 $911.83 $0.00 $717.93 $128,604.49
105 $128,604.49 $911.83 $0.00 $727.15 $130,243.47
106 $130,243.47 $911.83 $0.00 $736.42 $131,891.72
107 $131,891.72 $911.83 $0.00 $745.73 $133,549.28
108 $133,549.28 $911.83 $0.00 $755.11 $135,216.22
109 $135,216.22 $911.83 $0.00 $764.53 $136,892.58
110 $136,892.58 $911.83 $0.00 $774.01 $138,578.42
111 $138,578.42 $911.83 $0.00 $783.54 $140,273.79
112 $140,273.79 $911.83 $0.00 $793.13 $141,978.75
113 $141,978.75 $911.83 $0.00 $802.77 $143,693.35
114 $143,693.35 $911.83 $0.00 $812.46 $145,417.64
115 $145,417.64 $911.83 $0.00 $822.21 $147,151.68
116 $147,151.68 $911.83 $0.00 $832.02 $148,895.53
117 $148,895.53 $911.83 $0.00 $841.88 $150,649.24
118 $150,649.24 $911.83 $0.00 $851.79 $152,412.86
119 $152,412.86 $911.83 $0.00 $861.76 $154,186.45
120 $154,186.45 $911.83 $0.00 $871.79 $155,970.07
121 $155,970.07 $911.83 $0.00 $881.88 $157,763.78
122 $157,763.78 $911.83 $0.00 $892.02 $159,567.63
123 $159,567.63 $911.83 $0.00 $902.22 $161,381.68
124 $161,381.68 $911.83 $0.00 $912.48 $163,205.99
125 $163,205.99 $911.83 $0.00 $922.79 $165,040.61
126 $165,040.61 $911.83 $0.00 $933.16 $166,885.60
127 $166,885.60 $911.83 $0.00 $943.60 $168,741.03
128 $168,741.03 $911.83 $0.00 $954.09 $170,606.95
129 $170,606.95 $911.83 $0.00 $964.64 $172,483.42
130 $172,483.42 $911.83 $0.00 $975.25 $174,370.50
131 $174,370.50 $911.83 $0.00 $985.92 $176,268.25
132 $176,268.25 $911.83 $0.00 $996.65 $178,176.73
133 $178,176.73 $911.83 $0.00 $1,007.44 $180,096.00
134 $180,096.00 $911.83 $0.00 $1,018.29 $182,026.12
135 $182,026.12 $911.83 $0.00 $1,029.20 $183,967.15
136 $183,967.15 $911.83 $0.00 $1,040.18 $185,919.16
137 $185,919.16 $911.83 $0.00 $1,051.21 $187,882.20
138 $187,882.20 $911.83 $0.00 $1,062.31 $189,856.34
139 $189,856.34 $911.83 $0.00 $1,073.48 $191,841.65
140 $191,841.65 $911.83 $0.00 $1,084.70 $193,838.18
141 $193,838.18 $911.83 $0.00 $1,095.99 $195,846.00
142 $195,846.00 $911.83 $0.00 $1,107.34 $197,865.17
143 $197,865.17 $911.83 $0.00 $1,118.76 $199,895.76
144 $199,895.76 $911.83 $0.00 $1,130.24 $201,937.83
145 $201,937.83 $911.83 $0.00 $1,141.79 $203,991.45
146 $203,991.45 $911.83 $0.00 $1,153.40 $206,056.68
147 $206,056.68 $911.83 $0.00 $1,165.07 $208,133.58
148 $208,133.58 $911.83 $0.00 $1,176.82 $210,222.23
149 $210,222.23 $911.83 $0.00 $1,188.63 $212,322.69
150 $212,322.69 $911.83 $0.00 $1,200.50 $214,435.02
151 $214,435.02 $911.83 $0.00 $1,212.45 $216,559.30
152 $216,559.30 $911.83 $0.00 $1,224.46 $218,695.59
153 $218,695.59 $911.83 $0.00 $1,236.54 $220,843.96
154 $220,843.96 $911.83 $0.00 $1,248.68 $223,004.47
155 $223,004.47 $911.83 $0.00 $1,260.90 $225,177.20
156 $225,177.20 $911.83 $0.00 $1,273.18 $227,362.21
157 $227,362.21 $911.83 $0.00 $1,285.54 $229,559.58
158 $229,559.58 $911.83 $0.00 $1,297.96 $231,769.37
159 $231,769.37 $911.83 $0.00 $1,310.46 $233,991.66
160 $233,991.66 $911.83 $0.00 $1,323.02 $236,226.51
161 $236,226.51 $911.83 $0.00 $1,335.66 $238,474.00
162 $238,474.00 $911.83 $0.00 $1,348.37 $240,734.20
163 $240,734.20 $911.83 $0.00 $1,361.15 $243,007.18
164 $243,007.18 $911.83 $0.00 $1,374.00 $245,293.01
165 $245,293.01 $911.83 $0.00 $1,386.92 $247,591.76
166 $247,591.76 $911.83 $0.00 $1,399.92 $249,903.51
167 $249,903.51 $911.83 $0.00 $1,412.99 $252,228.33
168 $252,228.33 $911.83 $0.00 $1,426.14 $254,566.30
169 $254,566.30 $911.83 $0.00 $1,439.35 $256,917.48
170 $256,917.48 $911.83 $0.00 $1,452.65 $259,281.96
171 $259,281.96 $911.83 $0.00 $1,466.02 $261,659.81
172 $261,659.81 $911.83 $0.00 $1,479.46 $264,051.10
173 $264,051.10 $911.83 $0.00 $1,492.98 $266,455.91
174 $266,455.91 $911.83 $0.00 $1,506.58 $268,874.32
175 $268,874.32 $911.83 $0.00 $1,520.25 $271,306.40
176 $271,306.40 $911.83 $0.00 $1,534.01 $273,752.24
177 $273,752.24 $911.83 $0.00 $1,547.83 $276,211.90
178 $276,211.90 $911.83 $0.00 $1,561.74 $278,685.47
179 $278,685.47 $911.83 $0.00 $1,575.73 $281,173.03
180 $281,173.03 $911.83 $0.00 $1,589.79 $283,674.65
181 $283,674.65 $911.83 $0.00 $1,603.94 $286,190.42
182 $286,190.42 $911.83 $0.00 $1,618.16 $288,720.41
183 $288,720.41 $911.83 $0.00 $1,632.47 $291,264.71
184 $291,264.71 $911.83 $0.00 $1,646.85 $293,823.39
185 $293,823.39 $911.83 $0.00 $1,661.32 $296,396.54
186 $296,396.54 $911.83 $0.00 $1,675.87 $298,984.24
187 $298,984.24 $911.83 $0.00 $1,690.50 $301,586.57
188 $301,586.57 $911.83 $0.00 $1,705.21 $304,203.61
189 $304,203.61 $911.83 $0.00 $1,720.01 $306,835.45
190 $306,835.45 $911.83 $0.00 $1,734.89 $309,482.17
191 $309,482.17 $911.83 $0.00 $1,749.86 $312,143.86
192 $312,143.86 $911.83 $0.00 $1,764.91 $314,820.60
193 $314,820.60 $911.83 $0.00 $1,780.04 $317,512.47
194 $317,512.47 $911.83 $0.00 $1,795.26 $320,219.56
195 $320,219.56 $911.83 $0.00 $1,810.57 $322,941.96
196 $322,941.96 $911.83 $0.00 $1,825.96 $325,679.75
197 $325,679.75 $911.83 $0.00 $1,841.44 $328,433.02
198 $328,433.02 $911.83 $0.00 $1,857.01 $331,201.86
199 $331,201.86 $911.83 $0.00 $1,872.66 $333,986.35
200 $333,986.35 $911.83 $0.00 $1,888.41 $336,786.59
201 $336,786.59 $911.83 $0.00 $1,904.24 $339,602.66
202 $339,602.66 $911.83 $0.00 $1,920.16 $342,434.65
203 $342,434.65 $911.83 $0.00 $1,936.18 $345,282.66
204 $345,282.66 $911.83 $0.00 $1,952.28 $348,146.77
205 $348,146.77 $911.83 $0.00 $1,968.47 $351,027.07
206 $351,027.07 $911.83 $0.00 $1,984.76 $353,923.66
207 $353,923.66 $911.83 $0.00 $2,001.14 $356,836.63
208 $356,836.63 $911.83 $0.00 $2,017.61 $359,766.07
209 $359,766.07 $911.83 $0.00 $2,034.17 $362,712.07
210 $362,712.07 $911.83 $0.00 $2,050.83 $365,674.73
211 $365,674.73 $911.83 $0.00 $2,067.58 $368,654.14
212 $368,654.14 $911.83 $0.00 $2,084.42 $371,650.39
213 $371,650.39 $911.83 $0.00 $2,101.37 $374,663.59
214 $374,663.59 $911.83 $0.00 $2,118.40 $377,693.82
215 $377,693.82 $911.83 $0.00 $2,135.54 $380,741.19
216 $380,741.19 $911.83 $0.00 $2,152.77 $383,805.79
217 $383,805.79 $911.83 $106,902.03 $2,170.09 $279,985.68
218 $279,985.68 $911.83 $0.00 $1,583.08 $282,480.59
219 $282,480.59 $911.83 $0.00 $1,597.19 $284,989.61
220 $284,989.61 $911.83 $0.00 $1,611.37 $287,512.81
221 $287,512.81 $911.83 $0.00 $1,625.64 $290,050.28
222 $290,050.28 $911.83 $0.00 $1,639.99 $292,602.10
223 $292,602.10 $911.83 $0.00 $1,654.41 $295,168.34
224 $295,168.34 $911.83 $0.00 $1,668.92 $297,749.09
225 $297,749.09 $911.83 $0.00 $1,683.52 $300,344.44
226 $300,344.44 $911.83 $0.00 $1,698.19 $302,954.46
227 $302,954.46 $911.83 $0.00 $1,712.95 $305,579.24
228 $305,579.24 $911.83 $0.00 $1,727.79 $308,218.86
229 $308,218.86 $911.83 $112,247.13 $1,742.71 $198,626.27
230 $198,626.27 $911.83 $0.00 $1,123.06 $200,661.16
231 $200,661.16 $911.83 $0.00 $1,134.57 $202,707.56
232 $202,707.56 $911.83 $0.00 $1,146.14 $204,765.53
233 $204,765.53 $911.83 $0.00 $1,157.77 $206,835.13
234 $206,835.13 $911.83 $0.00 $1,169.48 $208,916.44
235 $208,916.44 $911.83 $0.00 $1,181.24 $211,009.51
236 $211,009.51 $911.83 $0.00 $1,193.08 $213,114.42
237 $213,114.42 $911.83 $0.00 $1,204.98 $215,231.23
238 $215,231.23 $911.83 $0.00 $1,216.95 $217,360.01
239 $217,360.01 $911.83 $0.00 $1,228.99 $219,500.83
240 $219,500.83 $911.83 $0.00 $1,241.09 $221,653.75
241 $221,653.75 $911.83 $117,859.48 $1,253.26 $105,959.36
242 $105,959.36 $911.83 $0.00 $599.11 $107,470.30
243 $107,470.30 $911.83 $0.00 $607.65 $108,989.78
244 $108,989.78 $911.83 $0.00 $616.24 $110,517.85
245 $110,517.85 $911.83 $0.00 $624.88 $112,054.56
246 $112,054.56 $911.83 $0.00 $633.57 $113,599.96
247 $113,599.96 $911.83 $0.00 $642.31 $115,154.10
248 $115,154.10 $911.83 $0.00 $651.10 $116,717.03
249 $116,717.03 $911.83 $0.00 $659.94 $118,288.80
250 $118,288.80 $911.83 $0.00 $668.82 $119,869.45
251 $119,869.45 $911.83 $0.00 $677.76 $121,459.04
252 $121,459.04 $911.83 $0.00 $686.75 $123,057.62
253 $123,057.62 $0.00 $123,752.46 $695.79 $0.95