Savings Plan and Future Cost Estimation for LeTourneau University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$121,585
Monthly savings required$962

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 $486,340.49 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $962.46 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$46,886.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Discover how much will you need to start saving now to afford LeTourneau University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $962.46 $0.00 $0.00 $962.46
2 $962.46 $962.46 $0.00 $5.44 $1,930.36
3 $1,930.36 $962.46 $0.00 $10.91 $2,903.73
4 $2,903.73 $962.46 $0.00 $16.42 $3,882.61
5 $3,882.61 $962.46 $0.00 $21.95 $4,867.02
6 $4,867.02 $962.46 $0.00 $27.52 $5,857.00
7 $5,857.00 $962.46 $0.00 $33.12 $6,852.58
8 $6,852.58 $962.46 $0.00 $38.75 $7,853.79
9 $7,853.79 $962.46 $0.00 $44.41 $8,860.66
10 $8,860.66 $962.46 $0.00 $50.10 $9,873.22
11 $9,873.22 $962.46 $0.00 $55.82 $10,891.50
12 $10,891.50 $962.46 $0.00 $61.58 $11,915.54
13 $11,915.54 $962.46 $0.00 $67.37 $12,945.37
14 $12,945.37 $962.46 $0.00 $73.20 $13,981.03
15 $13,981.03 $962.46 $0.00 $79.05 $15,022.54
16 $15,022.54 $962.46 $0.00 $84.94 $16,069.94
17 $16,069.94 $962.46 $0.00 $90.86 $17,123.26
18 $17,123.26 $962.46 $0.00 $96.82 $18,182.54
19 $18,182.54 $962.46 $0.00 $102.81 $19,247.81
20 $19,247.81 $962.46 $0.00 $108.83 $20,319.10
21 $20,319.10 $962.46 $0.00 $114.89 $21,396.45
22 $21,396.45 $962.46 $0.00 $120.98 $22,479.89
23 $22,479.89 $962.46 $0.00 $127.10 $23,569.45
24 $23,569.45 $962.46 $0.00 $133.27 $24,665.18
25 $24,665.18 $962.46 $0.00 $139.46 $25,767.10
26 $25,767.10 $962.46 $0.00 $145.69 $26,875.25
27 $26,875.25 $962.46 $0.00 $151.96 $27,989.67
28 $27,989.67 $962.46 $0.00 $158.26 $29,110.39
29 $29,110.39 $962.46 $0.00 $164.59 $30,237.44
30 $30,237.44 $962.46 $0.00 $170.97 $31,370.87
31 $31,370.87 $962.46 $0.00 $177.38 $32,510.71
32 $32,510.71 $962.46 $0.00 $183.82 $33,656.99
33 $33,656.99 $962.46 $0.00 $190.30 $34,809.75
34 $34,809.75 $962.46 $0.00 $196.82 $35,969.03
35 $35,969.03 $962.46 $0.00 $203.37 $37,134.86
36 $37,134.86 $962.46 $0.00 $209.97 $38,307.29
37 $38,307.29 $962.46 $0.00 $216.59 $39,486.34
38 $39,486.34 $962.46 $0.00 $223.26 $40,672.06
39 $40,672.06 $962.46 $0.00 $229.97 $41,864.49
40 $41,864.49 $962.46 $0.00 $236.71 $43,063.66
41 $43,063.66 $962.46 $0.00 $243.49 $44,269.61
42 $44,269.61 $962.46 $0.00 $250.31 $45,482.38
43 $45,482.38 $962.46 $0.00 $257.16 $46,702.00
44 $46,702.00 $962.46 $0.00 $264.06 $47,928.52
45 $47,928.52 $962.46 $0.00 $270.99 $49,161.97
46 $49,161.97 $962.46 $0.00 $277.97 $50,402.40
47 $50,402.40 $962.46 $0.00 $284.98 $51,649.84
48 $51,649.84 $962.46 $0.00 $292.04 $52,904.34
49 $52,904.34 $962.46 $0.00 $299.13 $54,165.93
50 $54,165.93 $962.46 $0.00 $306.26 $55,434.65
51 $55,434.65 $962.46 $0.00 $313.44 $56,710.55
52 $56,710.55 $962.46 $0.00 $320.65 $57,993.66
53 $57,993.66 $962.46 $0.00 $327.90 $59,284.02
54 $59,284.02 $962.46 $0.00 $335.20 $60,581.68
55 $60,581.68 $962.46 $0.00 $342.54 $61,886.68
56 $61,886.68 $962.46 $0.00 $349.92 $63,199.06
57 $63,199.06 $962.46 $0.00 $357.34 $64,518.86
58 $64,518.86 $962.46 $0.00 $364.80 $65,846.12
59 $65,846.12 $962.46 $0.00 $372.30 $67,180.88
60 $67,180.88 $962.46 $0.00 $379.85 $68,523.19
61 $68,523.19 $962.46 $0.00 $387.44 $69,873.09
62 $69,873.09 $962.46 $0.00 $395.07 $71,230.62
63 $71,230.62 $962.46 $0.00 $402.75 $72,595.83
64 $72,595.83 $962.46 $0.00 $410.47 $73,968.76
65 $73,968.76 $962.46 $0.00 $418.23 $75,349.45
66 $75,349.45 $962.46 $0.00 $426.04 $76,737.95
67 $76,737.95 $962.46 $0.00 $433.89 $78,134.30
68 $78,134.30 $962.46 $0.00 $441.78 $79,538.54
69 $79,538.54 $962.46 $0.00 $449.72 $80,950.72
70 $80,950.72 $962.46 $0.00 $457.71 $82,370.89
71 $82,370.89 $962.46 $0.00 $465.74 $83,799.09
72 $83,799.09 $962.46 $0.00 $473.81 $85,235.36
73 $85,235.36 $962.46 $0.00 $481.93 $86,679.75
74 $86,679.75 $962.46 $0.00 $490.10 $88,132.31
75 $88,132.31 $962.46 $0.00 $498.31 $89,593.08
76 $89,593.08 $962.46 $0.00 $506.57 $91,062.11
77 $91,062.11 $962.46 $0.00 $514.88 $92,539.45
78 $92,539.45 $962.46 $0.00 $523.23 $94,025.14
79 $94,025.14 $962.46 $0.00 $531.63 $95,519.23
80 $95,519.23 $962.46 $0.00 $540.08 $97,021.77
81 $97,021.77 $962.46 $0.00 $548.58 $98,532.81
82 $98,532.81 $962.46 $0.00 $557.12 $100,052.39
83 $100,052.39 $962.46 $0.00 $565.71 $101,580.56
84 $101,580.56 $962.46 $0.00 $574.35 $103,117.37
85 $103,117.37 $962.46 $0.00 $583.04 $104,662.87
86 $104,662.87 $962.46 $0.00 $591.78 $106,217.11
87 $106,217.11 $962.46 $0.00 $600.57 $107,780.14
88 $107,780.14 $962.46 $0.00 $609.40 $109,352.00
89 $109,352.00 $962.46 $0.00 $618.29 $110,932.75
90 $110,932.75 $962.46 $0.00 $627.23 $112,522.44
91 $112,522.44 $962.46 $0.00 $636.22 $114,121.12
92 $114,121.12 $962.46 $0.00 $645.26 $115,728.84
93 $115,728.84 $962.46 $0.00 $654.35 $117,345.65
94 $117,345.65 $962.46 $0.00 $663.49 $118,971.60
95 $118,971.60 $962.46 $0.00 $672.68 $120,606.74
96 $120,606.74 $962.46 $0.00 $681.93 $122,251.13
97 $122,251.13 $962.46 $0.00 $691.23 $123,904.82
98 $123,904.82 $962.46 $0.00 $700.58 $125,567.86
99 $125,567.86 $962.46 $0.00 $709.98 $127,240.30
100 $127,240.30 $962.46 $0.00 $719.44 $128,922.20
101 $128,922.20 $962.46 $0.00 $728.94 $130,613.60
102 $130,613.60 $962.46 $0.00 $738.51 $132,314.57
103 $132,314.57 $962.46 $0.00 $748.13 $134,025.16
104 $134,025.16 $962.46 $0.00 $757.80 $135,745.42
105 $135,745.42 $962.46 $0.00 $767.52 $137,475.40
106 $137,475.40 $962.46 $0.00 $777.31 $139,215.17
107 $139,215.17 $962.46 $0.00 $787.14 $140,964.77
108 $140,964.77 $962.46 $0.00 $797.04 $142,724.27
109 $142,724.27 $962.46 $0.00 $806.98 $144,493.71
110 $144,493.71 $962.46 $0.00 $816.99 $146,273.16
111 $146,273.16 $962.46 $0.00 $827.05 $148,062.67
112 $148,062.67 $962.46 $0.00 $837.17 $149,862.30
113 $149,862.30 $962.46 $0.00 $847.34 $151,672.10
114 $151,672.10 $962.46 $0.00 $857.58 $153,492.14
115 $153,492.14 $962.46 $0.00 $867.87 $155,322.47
116 $155,322.47 $962.46 $0.00 $878.22 $157,163.15
117 $157,163.15 $962.46 $0.00 $888.62 $159,014.23
118 $159,014.23 $962.46 $0.00 $899.09 $160,875.78
119 $160,875.78 $962.46 $0.00 $909.62 $162,747.86
120 $162,747.86 $962.46 $0.00 $920.20 $164,630.52
121 $164,630.52 $962.46 $0.00 $930.84 $166,523.82
122 $166,523.82 $962.46 $0.00 $941.55 $168,427.83
123 $168,427.83 $962.46 $0.00 $952.32 $170,342.61
124 $170,342.61 $962.46 $0.00 $963.14 $172,268.21
125 $172,268.21 $962.46 $0.00 $974.03 $174,204.70
126 $174,204.70 $962.46 $0.00 $984.98 $176,152.14
127 $176,152.14 $962.46 $0.00 $995.99 $178,110.59
128 $178,110.59 $962.46 $0.00 $1,007.06 $180,080.11
129 $180,080.11 $962.46 $0.00 $1,018.20 $182,060.77
130 $182,060.77 $962.46 $0.00 $1,029.40 $184,052.63
131 $184,052.63 $962.46 $0.00 $1,040.66 $186,055.75
132 $186,055.75 $962.46 $0.00 $1,051.99 $188,070.20
133 $188,070.20 $962.46 $0.00 $1,063.38 $190,096.04
134 $190,096.04 $962.46 $0.00 $1,074.83 $192,133.33
135 $192,133.33 $962.46 $0.00 $1,086.35 $194,182.14
136 $194,182.14 $962.46 $0.00 $1,097.93 $196,242.53
137 $196,242.53 $962.46 $0.00 $1,109.58 $198,314.57
138 $198,314.57 $962.46 $0.00 $1,121.30 $200,398.33
139 $200,398.33 $962.46 $0.00 $1,133.08 $202,493.87
140 $202,493.87 $962.46 $0.00 $1,144.93 $204,601.26
141 $204,601.26 $962.46 $0.00 $1,156.85 $206,720.57
142 $206,720.57 $962.46 $0.00 $1,168.83 $208,851.86
143 $208,851.86 $962.46 $0.00 $1,180.88 $210,995.20
144 $210,995.20 $962.46 $0.00 $1,193.00 $213,150.66
145 $213,150.66 $962.46 $0.00 $1,205.18 $215,318.30
146 $215,318.30 $962.46 $0.00 $1,217.44 $217,498.20
147 $217,498.20 $962.46 $0.00 $1,229.77 $219,690.43
148 $219,690.43 $962.46 $0.00 $1,242.16 $221,895.05
149 $221,895.05 $962.46 $0.00 $1,254.63 $224,112.14
150 $224,112.14 $962.46 $0.00 $1,267.16 $226,341.76
151 $226,341.76 $962.46 $0.00 $1,279.77 $228,583.99
152 $228,583.99 $962.46 $0.00 $1,292.45 $230,838.90
153 $230,838.90 $962.46 $0.00 $1,305.20 $233,106.56
154 $233,106.56 $962.46 $0.00 $1,318.02 $235,387.04
155 $235,387.04 $962.46 $0.00 $1,330.91 $237,680.41
156 $237,680.41 $962.46 $0.00 $1,343.88 $239,986.75
157 $239,986.75 $962.46 $0.00 $1,356.92 $242,306.13
158 $242,306.13 $962.46 $0.00 $1,370.03 $244,638.62
159 $244,638.62 $962.46 $0.00 $1,383.22 $246,984.30
160 $246,984.30 $962.46 $0.00 $1,396.49 $249,343.25
161 $249,343.25 $962.46 $0.00 $1,409.82 $251,715.53
162 $251,715.53 $962.46 $0.00 $1,423.24 $254,101.23
163 $254,101.23 $962.46 $0.00 $1,436.73 $256,500.42
164 $256,500.42 $962.46 $0.00 $1,450.29 $258,913.17
165 $258,913.17 $962.46 $0.00 $1,463.93 $261,339.56
166 $261,339.56 $962.46 $0.00 $1,477.65 $263,779.67
167 $263,779.67 $962.46 $0.00 $1,491.45 $266,233.58
168 $266,233.58 $962.46 $0.00 $1,505.32 $268,701.36
169 $268,701.36 $962.46 $0.00 $1,519.28 $271,183.10
170 $271,183.10 $962.46 $0.00 $1,533.31 $273,678.87
171 $273,678.87 $962.46 $0.00 $1,547.42 $276,188.75
172 $276,188.75 $962.46 $0.00 $1,561.61 $278,712.82
173 $278,712.82 $962.46 $0.00 $1,575.88 $281,251.16
174 $281,251.16 $962.46 $0.00 $1,590.23 $283,803.85
175 $283,803.85 $962.46 $0.00 $1,604.67 $286,370.98
176 $286,370.98 $962.46 $0.00 $1,619.18 $288,952.62
177 $288,952.62 $962.46 $0.00 $1,633.78 $291,548.86
178 $291,548.86 $962.46 $0.00 $1,648.46 $294,159.78
179 $294,159.78 $962.46 $0.00 $1,663.22 $296,785.46
180 $296,785.46 $962.46 $0.00 $1,678.07 $299,425.99
181 $299,425.99 $962.46 $0.00 $1,693.00 $302,081.45
182 $302,081.45 $962.46 $0.00 $1,708.01 $304,751.92
183 $304,751.92 $962.46 $0.00 $1,723.11 $307,437.49
184 $307,437.49 $962.46 $0.00 $1,738.30 $310,138.25
185 $310,138.25 $962.46 $0.00 $1,753.57 $312,854.28
186 $312,854.28 $962.46 $0.00 $1,768.92 $315,585.66
187 $315,585.66 $962.46 $0.00 $1,784.37 $318,332.49
188 $318,332.49 $962.46 $0.00 $1,799.90 $321,094.85
189 $321,094.85 $962.46 $0.00 $1,815.52 $323,872.83
190 $323,872.83 $962.46 $0.00 $1,831.22 $326,666.51
191 $326,666.51 $962.46 $0.00 $1,847.02 $329,475.99
192 $329,475.99 $962.46 $0.00 $1,862.91 $332,301.36
193 $332,301.36 $962.46 $0.00 $1,878.88 $335,142.70
194 $335,142.70 $962.46 $0.00 $1,894.95 $338,000.11
195 $338,000.11 $962.46 $0.00 $1,911.10 $340,873.67
196 $340,873.67 $962.46 $0.00 $1,927.35 $343,763.48
197 $343,763.48 $962.46 $0.00 $1,943.69 $346,669.63
198 $346,669.63 $962.46 $0.00 $1,960.12 $349,592.21
199 $349,592.21 $962.46 $0.00 $1,976.65 $352,531.32
200 $352,531.32 $962.46 $0.00 $1,993.26 $355,487.04
201 $355,487.04 $962.46 $0.00 $2,009.98 $358,459.48
202 $358,459.48 $962.46 $0.00 $2,026.78 $361,448.72
203 $361,448.72 $962.46 $0.00 $2,043.68 $364,454.86
204 $364,454.86 $962.46 $0.00 $2,060.68 $367,478.00
205 $367,478.00 $962.46 $0.00 $2,077.77 $370,518.23
206 $370,518.23 $962.46 $0.00 $2,094.96 $373,575.65
207 $373,575.65 $962.46 $0.00 $2,112.25 $376,650.36
208 $376,650.36 $962.46 $0.00 $2,129.64 $379,742.46
209 $379,742.46 $962.46 $0.00 $2,147.12 $382,852.04
210 $382,852.04 $962.46 $0.00 $2,164.70 $385,979.20
211 $385,979.20 $962.46 $0.00 $2,182.38 $389,124.04
212 $389,124.04 $962.46 $0.00 $2,200.16 $392,286.66
213 $392,286.66 $962.46 $0.00 $2,218.05 $395,467.17
214 $395,467.17 $962.46 $0.00 $2,236.03 $398,665.66
215 $398,665.66 $962.46 $0.00 $2,254.11 $401,882.23
216 $401,882.23 $962.46 $0.00 $2,272.30 $405,116.99
217 $405,116.99 $962.46 $112,836.75 $2,290.59 $295,533.29
218 $295,533.29 $962.46 $0.00 $1,670.99 $298,166.74
219 $298,166.74 $962.46 $0.00 $1,685.88 $300,815.08
220 $300,815.08 $962.46 $0.00 $1,700.85 $303,478.39
221 $303,478.39 $962.46 $0.00 $1,715.91 $306,156.76
222 $306,156.76 $962.46 $0.00 $1,731.05 $308,850.27
223 $308,850.27 $962.46 $0.00 $1,746.28 $311,559.01
224 $311,559.01 $962.46 $0.00 $1,761.60 $314,283.07
225 $314,283.07 $962.46 $0.00 $1,777.00 $317,022.53
226 $317,022.53 $962.46 $0.00 $1,792.49 $319,777.48
227 $319,777.48 $962.46 $0.00 $1,808.07 $322,548.01
228 $322,548.01 $962.46 $0.00 $1,823.73 $325,334.20
229 $325,334.20 $962.46 $118,478.59 $1,839.49 $209,657.56
230 $209,657.56 $962.46 $0.00 $1,185.43 $211,805.45
231 $211,805.45 $962.46 $0.00 $1,197.58 $213,965.49
232 $213,965.49 $962.46 $0.00 $1,209.79 $216,137.74
233 $216,137.74 $962.46 $0.00 $1,222.07 $218,322.27
234 $218,322.27 $962.46 $0.00 $1,234.43 $220,519.16
235 $220,519.16 $962.46 $0.00 $1,246.85 $222,728.47
236 $222,728.47 $962.46 $0.00 $1,259.34 $224,950.27
237 $224,950.27 $962.46 $0.00 $1,271.90 $227,184.63
238 $227,184.63 $962.46 $0.00 $1,284.53 $229,431.62
239 $229,431.62 $962.46 $0.00 $1,297.24 $231,691.32
240 $231,691.32 $962.46 $0.00 $1,310.02 $233,963.80
241 $233,963.80 $962.46 $124,402.52 $1,322.87 $111,846.61
242 $111,846.61 $962.46 $0.00 $632.40 $113,441.47
243 $113,441.47 $962.46 $0.00 $641.41 $115,045.34
244 $115,045.34 $962.46 $0.00 $650.48 $116,658.28
245 $116,658.28 $962.46 $0.00 $659.60 $118,280.34
246 $118,280.34 $962.46 $0.00 $668.77 $119,911.57
247 $119,911.57 $962.46 $0.00 $678.00 $121,552.03
248 $121,552.03 $962.46 $0.00 $687.27 $123,201.76
249 $123,201.76 $962.46 $0.00 $696.60 $124,860.82
250 $124,860.82 $962.46 $0.00 $705.98 $126,529.26
251 $126,529.26 $962.46 $0.00 $715.41 $128,207.13
252 $128,207.13 $962.46 $0.00 $724.90 $129,894.49
253 $129,894.49 $0.00 $130,622.64 $734.44 $6.29