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 2041$124,438
Monthly savings required$985

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 $497,750.61 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $985.03 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$47,986.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

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 $985.03 $0.00 $0.00 $985.03
2 $985.03 $985.03 $0.00 $5.57 $1,975.63
3 $1,975.63 $985.03 $0.00 $11.17 $2,971.83
4 $2,971.83 $985.03 $0.00 $16.80 $3,973.66
5 $3,973.66 $985.03 $0.00 $22.47 $4,981.16
6 $4,981.16 $985.03 $0.00 $28.16 $5,994.35
7 $5,994.35 $985.03 $0.00 $33.89 $7,013.27
8 $7,013.27 $985.03 $0.00 $39.65 $8,037.95
9 $8,037.95 $985.03 $0.00 $45.45 $9,068.43
10 $9,068.43 $985.03 $0.00 $51.27 $10,104.73
11 $10,104.73 $985.03 $0.00 $57.13 $11,146.89
12 $11,146.89 $985.03 $0.00 $63.03 $12,194.95
13 $12,194.95 $985.03 $0.00 $68.95 $13,248.93
14 $13,248.93 $985.03 $0.00 $74.91 $14,308.87
15 $14,308.87 $985.03 $0.00 $80.90 $15,374.80
16 $15,374.80 $985.03 $0.00 $86.93 $16,446.76
17 $16,446.76 $985.03 $0.00 $92.99 $17,524.78
18 $17,524.78 $985.03 $0.00 $99.09 $18,608.90
19 $18,608.90 $985.03 $0.00 $105.22 $19,699.15
20 $19,699.15 $985.03 $0.00 $111.38 $20,795.56
21 $20,795.56 $985.03 $0.00 $117.58 $21,898.17
22 $21,898.17 $985.03 $0.00 $123.82 $23,007.02
23 $23,007.02 $985.03 $0.00 $130.09 $24,122.14
24 $24,122.14 $985.03 $0.00 $136.39 $25,243.56
25 $25,243.56 $985.03 $0.00 $142.73 $26,371.32
26 $26,371.32 $985.03 $0.00 $149.11 $27,505.46
27 $27,505.46 $985.03 $0.00 $155.52 $28,646.01
28 $28,646.01 $985.03 $0.00 $161.97 $29,793.01
29 $29,793.01 $985.03 $0.00 $168.45 $30,946.49
30 $30,946.49 $985.03 $0.00 $174.98 $32,106.50
31 $32,106.50 $985.03 $0.00 $181.53 $33,273.06
32 $33,273.06 $985.03 $0.00 $188.13 $34,446.22
33 $34,446.22 $985.03 $0.00 $194.76 $35,626.01
34 $35,626.01 $985.03 $0.00 $201.43 $36,812.47
35 $36,812.47 $985.03 $0.00 $208.14 $38,005.64
36 $38,005.64 $985.03 $0.00 $214.89 $39,205.56
37 $39,205.56 $985.03 $0.00 $221.67 $40,412.26
38 $40,412.26 $985.03 $0.00 $228.50 $41,625.79
39 $41,625.79 $985.03 $0.00 $235.36 $42,846.18
40 $42,846.18 $985.03 $0.00 $242.26 $44,073.47
41 $44,073.47 $985.03 $0.00 $249.20 $45,307.70
42 $45,307.70 $985.03 $0.00 $256.18 $46,548.91
43 $46,548.91 $985.03 $0.00 $263.19 $47,797.13
44 $47,797.13 $985.03 $0.00 $270.25 $49,052.41
45 $49,052.41 $985.03 $0.00 $277.35 $50,314.79
46 $50,314.79 $985.03 $0.00 $284.49 $51,584.31
47 $51,584.31 $985.03 $0.00 $291.67 $52,861.01
48 $52,861.01 $985.03 $0.00 $298.88 $54,144.92
49 $54,144.92 $985.03 $0.00 $306.14 $55,436.09
50 $55,436.09 $985.03 $0.00 $313.44 $56,734.56
51 $56,734.56 $985.03 $0.00 $320.79 $58,040.38
52 $58,040.38 $985.03 $0.00 $328.17 $59,353.58
53 $59,353.58 $985.03 $0.00 $335.59 $60,674.20
54 $60,674.20 $985.03 $0.00 $343.06 $62,002.29
55 $62,002.29 $985.03 $0.00 $350.57 $63,337.89
56 $63,337.89 $985.03 $0.00 $358.12 $64,681.04
57 $64,681.04 $985.03 $0.00 $365.72 $66,031.79
58 $66,031.79 $985.03 $0.00 $373.35 $67,390.17
59 $67,390.17 $985.03 $0.00 $381.03 $68,756.23
60 $68,756.23 $985.03 $0.00 $388.76 $70,130.02
61 $70,130.02 $985.03 $0.00 $396.53 $71,511.58
62 $71,511.58 $985.03 $0.00 $404.34 $72,900.95
63 $72,900.95 $985.03 $0.00 $412.19 $74,298.17
64 $74,298.17 $985.03 $0.00 $420.09 $75,703.29
65 $75,703.29 $985.03 $0.00 $428.04 $77,116.36
66 $77,116.36 $985.03 $0.00 $436.03 $78,537.42
67 $78,537.42 $985.03 $0.00 $444.06 $79,966.51
68 $79,966.51 $985.03 $0.00 $452.14 $81,403.68
69 $81,403.68 $985.03 $0.00 $460.27 $82,848.98
70 $82,848.98 $985.03 $0.00 $468.44 $84,302.45
71 $84,302.45 $985.03 $0.00 $476.66 $85,764.14
72 $85,764.14 $985.03 $0.00 $484.92 $87,234.09
73 $87,234.09 $985.03 $0.00 $493.23 $88,712.35
74 $88,712.35 $985.03 $0.00 $501.59 $90,198.97
75 $90,198.97 $985.03 $0.00 $510.00 $91,694.00
76 $91,694.00 $985.03 $0.00 $518.45 $93,197.48
77 $93,197.48 $985.03 $0.00 $526.95 $94,709.46
78 $94,709.46 $985.03 $0.00 $535.50 $96,229.99
79 $96,229.99 $985.03 $0.00 $544.10 $97,759.12
80 $97,759.12 $985.03 $0.00 $552.74 $99,296.89
81 $99,296.89 $985.03 $0.00 $561.44 $100,843.36
82 $100,843.36 $985.03 $0.00 $570.18 $102,398.57
83 $102,398.57 $985.03 $0.00 $578.98 $103,962.58
84 $103,962.58 $985.03 $0.00 $587.82 $105,535.43
85 $105,535.43 $985.03 $0.00 $596.71 $107,117.17
86 $107,117.17 $985.03 $0.00 $605.66 $108,707.86
87 $108,707.86 $985.03 $0.00 $614.65 $110,307.54
88 $110,307.54 $985.03 $0.00 $623.69 $111,916.26
89 $111,916.26 $985.03 $0.00 $632.79 $113,534.08
90 $113,534.08 $985.03 $0.00 $641.94 $115,161.05
91 $115,161.05 $985.03 $0.00 $651.14 $116,797.22
92 $116,797.22 $985.03 $0.00 $660.39 $118,442.64
93 $118,442.64 $985.03 $0.00 $669.69 $120,097.36
94 $120,097.36 $985.03 $0.00 $679.05 $121,761.44
95 $121,761.44 $985.03 $0.00 $688.46 $123,434.93
96 $123,434.93 $985.03 $0.00 $697.92 $125,117.88
97 $125,117.88 $985.03 $0.00 $707.43 $126,810.34
98 $126,810.34 $985.03 $0.00 $717.00 $128,512.37
99 $128,512.37 $985.03 $0.00 $726.63 $130,224.03
100 $130,224.03 $985.03 $0.00 $736.31 $131,945.37
101 $131,945.37 $985.03 $0.00 $746.04 $133,676.44
102 $133,676.44 $985.03 $0.00 $755.83 $135,417.30
103 $135,417.30 $985.03 $0.00 $765.67 $137,168.00
104 $137,168.00 $985.03 $0.00 $775.57 $138,928.60
105 $138,928.60 $985.03 $0.00 $785.52 $140,699.15
106 $140,699.15 $985.03 $0.00 $795.53 $142,479.71
107 $142,479.71 $985.03 $0.00 $805.60 $144,270.34
108 $144,270.34 $985.03 $0.00 $815.73 $146,071.10
109 $146,071.10 $985.03 $0.00 $825.91 $147,882.04
110 $147,882.04 $985.03 $0.00 $836.15 $149,703.22
111 $149,703.22 $985.03 $0.00 $846.44 $151,534.69
112 $151,534.69 $985.03 $0.00 $856.80 $153,376.52
113 $153,376.52 $985.03 $0.00 $867.21 $155,228.76
114 $155,228.76 $985.03 $0.00 $877.69 $157,091.48
115 $157,091.48 $985.03 $0.00 $888.22 $158,964.73
116 $158,964.73 $985.03 $0.00 $898.81 $160,848.57
117 $160,848.57 $985.03 $0.00 $909.46 $162,743.06
118 $162,743.06 $985.03 $0.00 $920.17 $164,648.26
119 $164,648.26 $985.03 $0.00 $930.95 $166,564.24
120 $166,564.24 $985.03 $0.00 $941.78 $168,491.05
121 $168,491.05 $985.03 $0.00 $952.67 $170,428.75
122 $170,428.75 $985.03 $0.00 $963.63 $172,377.41
123 $172,377.41 $985.03 $0.00 $974.65 $174,337.09
124 $174,337.09 $985.03 $0.00 $985.73 $176,307.85
125 $176,307.85 $985.03 $0.00 $996.87 $178,289.75
126 $178,289.75 $985.03 $0.00 $1,008.08 $180,282.86
127 $180,282.86 $985.03 $0.00 $1,019.35 $182,287.24
128 $182,287.24 $985.03 $0.00 $1,030.68 $184,302.95
129 $184,302.95 $985.03 $0.00 $1,042.08 $186,330.06
130 $186,330.06 $985.03 $0.00 $1,053.54 $188,368.63
131 $188,368.63 $985.03 $0.00 $1,065.06 $190,418.72
132 $190,418.72 $985.03 $0.00 $1,076.66 $192,480.41
133 $192,480.41 $985.03 $0.00 $1,088.31 $194,553.75
134 $194,553.75 $985.03 $0.00 $1,100.04 $196,638.82
135 $196,638.82 $985.03 $0.00 $1,111.82 $198,735.67
136 $198,735.67 $985.03 $0.00 $1,123.68 $200,844.38
137 $200,844.38 $985.03 $0.00 $1,135.60 $202,965.01
138 $202,965.01 $985.03 $0.00 $1,147.59 $205,097.63
139 $205,097.63 $985.03 $0.00 $1,159.65 $207,242.31
140 $207,242.31 $985.03 $0.00 $1,171.78 $209,399.12
141 $209,399.12 $985.03 $0.00 $1,183.97 $211,568.12
142 $211,568.12 $985.03 $0.00 $1,196.24 $213,749.39
143 $213,749.39 $985.03 $0.00 $1,208.57 $215,942.99
144 $215,942.99 $985.03 $0.00 $1,220.97 $218,148.99
145 $218,148.99 $985.03 $0.00 $1,233.45 $220,367.47
146 $220,367.47 $985.03 $0.00 $1,245.99 $222,598.49
147 $222,598.49 $985.03 $0.00 $1,258.60 $224,842.12
148 $224,842.12 $985.03 $0.00 $1,271.29 $227,098.44
149 $227,098.44 $985.03 $0.00 $1,284.05 $229,367.52
150 $229,367.52 $985.03 $0.00 $1,296.88 $231,649.43
151 $231,649.43 $985.03 $0.00 $1,309.78 $233,944.24
152 $233,944.24 $985.03 $0.00 $1,322.75 $236,252.02
153 $236,252.02 $985.03 $0.00 $1,335.80 $238,572.85
154 $238,572.85 $985.03 $0.00 $1,348.93 $240,906.81
155 $240,906.81 $985.03 $0.00 $1,362.12 $243,253.96
156 $243,253.96 $985.03 $0.00 $1,375.39 $245,614.38
157 $245,614.38 $985.03 $0.00 $1,388.74 $247,988.15
158 $247,988.15 $985.03 $0.00 $1,402.16 $250,375.34
159 $250,375.34 $985.03 $0.00 $1,415.66 $252,776.03
160 $252,776.03 $985.03 $0.00 $1,429.23 $255,190.29
161 $255,190.29 $985.03 $0.00 $1,442.88 $257,618.20
162 $257,618.20 $985.03 $0.00 $1,456.61 $260,059.84
163 $260,059.84 $985.03 $0.00 $1,470.42 $262,515.29
164 $262,515.29 $985.03 $0.00 $1,484.30 $264,984.62
165 $264,984.62 $985.03 $0.00 $1,498.26 $267,467.91
166 $267,467.91 $985.03 $0.00 $1,512.30 $269,965.24
167 $269,965.24 $985.03 $0.00 $1,526.42 $272,476.69
168 $272,476.69 $985.03 $0.00 $1,540.62 $275,002.34
169 $275,002.34 $985.03 $0.00 $1,554.90 $277,542.27
170 $277,542.27 $985.03 $0.00 $1,569.26 $280,096.56
171 $280,096.56 $985.03 $0.00 $1,583.71 $282,665.30
172 $282,665.30 $985.03 $0.00 $1,598.23 $285,248.56
173 $285,248.56 $985.03 $0.00 $1,612.84 $287,846.43
174 $287,846.43 $985.03 $0.00 $1,627.53 $290,458.99
175 $290,458.99 $985.03 $0.00 $1,642.30 $293,086.32
176 $293,086.32 $985.03 $0.00 $1,657.15 $295,728.50
177 $295,728.50 $985.03 $0.00 $1,672.09 $298,385.62
178 $298,385.62 $985.03 $0.00 $1,687.12 $301,057.77
179 $301,057.77 $985.03 $0.00 $1,702.22 $303,745.02
180 $303,745.02 $985.03 $0.00 $1,717.42 $306,447.47
181 $306,447.47 $985.03 $0.00 $1,732.70 $309,165.20
182 $309,165.20 $985.03 $0.00 $1,748.06 $311,898.29
183 $311,898.29 $985.03 $0.00 $1,763.52 $314,646.84
184 $314,646.84 $985.03 $0.00 $1,779.06 $317,410.93
185 $317,410.93 $985.03 $0.00 $1,794.69 $320,190.65
186 $320,190.65 $985.03 $0.00 $1,810.40 $322,986.08
187 $322,986.08 $985.03 $0.00 $1,826.21 $325,797.32
188 $325,797.32 $985.03 $0.00 $1,842.11 $328,624.46
189 $328,624.46 $985.03 $0.00 $1,858.09 $331,467.58
190 $331,467.58 $985.03 $0.00 $1,874.17 $334,326.78
191 $334,326.78 $985.03 $0.00 $1,890.33 $337,202.14
192 $337,202.14 $985.03 $0.00 $1,906.59 $340,093.76
193 $340,093.76 $985.03 $0.00 $1,922.94 $343,001.73
194 $343,001.73 $985.03 $0.00 $1,939.38 $345,926.14
195 $345,926.14 $985.03 $0.00 $1,955.92 $348,867.09
196 $348,867.09 $985.03 $0.00 $1,972.55 $351,824.67
197 $351,824.67 $985.03 $0.00 $1,989.27 $354,798.97
198 $354,798.97 $985.03 $0.00 $2,006.08 $357,790.08
199 $357,790.08 $985.03 $0.00 $2,023.00 $360,798.11
200 $360,798.11 $985.03 $0.00 $2,040.00 $363,823.14
201 $363,823.14 $985.03 $0.00 $2,057.11 $366,865.28
202 $366,865.28 $985.03 $0.00 $2,074.31 $369,924.62
203 $369,924.62 $985.03 $0.00 $2,091.61 $373,001.26
204 $373,001.26 $985.03 $0.00 $2,109.00 $376,095.29
205 $376,095.29 $985.03 $0.00 $2,126.50 $379,206.82
206 $379,206.82 $985.03 $0.00 $2,144.09 $382,335.94
207 $382,335.94 $985.03 $0.00 $2,161.78 $385,482.75
208 $385,482.75 $985.03 $0.00 $2,179.58 $388,647.36
209 $388,647.36 $985.03 $0.00 $2,197.47 $391,829.86
210 $391,829.86 $985.03 $0.00 $2,215.46 $395,030.35
211 $395,030.35 $985.03 $0.00 $2,233.56 $398,248.94
212 $398,248.94 $985.03 $0.00 $2,251.76 $401,485.73
213 $401,485.73 $985.03 $0.00 $2,270.06 $404,740.82
214 $404,740.82 $985.03 $0.00 $2,288.46 $408,014.31
215 $408,014.31 $985.03 $0.00 $2,306.97 $411,306.31
216 $411,306.31 $985.03 $0.00 $2,325.59 $414,616.93
217 $414,616.93 $985.03 $115,484.03 $2,344.30 $302,462.23
218 $302,462.23 $985.03 $0.00 $1,710.17 $305,157.43
219 $305,157.43 $985.03 $0.00 $1,725.40 $307,867.86
220 $307,867.86 $985.03 $0.00 $1,740.73 $310,593.62
221 $310,593.62 $985.03 $0.00 $1,756.14 $313,334.79
222 $313,334.79 $985.03 $0.00 $1,771.64 $316,091.46
223 $316,091.46 $985.03 $0.00 $1,787.23 $318,863.72
224 $318,863.72 $985.03 $0.00 $1,802.90 $321,651.65
225 $321,651.65 $985.03 $0.00 $1,818.67 $324,455.35
226 $324,455.35 $985.03 $0.00 $1,834.52 $327,274.90
227 $327,274.90 $985.03 $0.00 $1,850.46 $330,110.39
228 $330,110.39 $985.03 $0.00 $1,866.49 $332,961.91
229 $332,961.91 $985.03 $121,258.23 $1,882.62 $214,571.33
230 $214,571.33 $985.03 $0.00 $1,213.22 $216,769.58
231 $216,769.58 $985.03 $0.00 $1,225.65 $218,980.26
232 $218,980.26 $985.03 $0.00 $1,238.15 $221,203.44
233 $221,203.44 $985.03 $0.00 $1,250.72 $223,439.19
234 $223,439.19 $985.03 $0.00 $1,263.36 $225,687.58
235 $225,687.58 $985.03 $0.00 $1,276.07 $227,948.68
236 $227,948.68 $985.03 $0.00 $1,288.85 $230,222.56
237 $230,222.56 $985.03 $0.00 $1,301.71 $232,509.30
238 $232,509.30 $985.03 $0.00 $1,314.64 $234,808.97
239 $234,808.97 $985.03 $0.00 $1,327.64 $237,121.64
240 $237,121.64 $985.03 $0.00 $1,340.72 $239,447.39
241 $239,447.39 $985.03 $127,321.14 $1,353.87 $114,465.15
242 $114,465.15 $985.03 $0.00 $647.20 $116,097.38
243 $116,097.38 $985.03 $0.00 $656.43 $117,738.84
244 $117,738.84 $985.03 $0.00 $665.71 $119,389.58
245 $119,389.58 $985.03 $0.00 $675.05 $121,049.66
246 $121,049.66 $985.03 $0.00 $684.43 $122,719.12
247 $122,719.12 $985.03 $0.00 $693.87 $124,398.02
248 $124,398.02 $985.03 $0.00 $703.36 $126,086.41
249 $126,086.41 $985.03 $0.00 $712.91 $127,784.35
250 $127,784.35 $985.03 $0.00 $722.51 $129,491.89
251 $129,491.89 $985.03 $0.00 $732.17 $131,209.09
252 $131,209.09 $985.03 $0.00 $741.88 $132,936.00
253 $132,936.00 $0.00 $133,687.20 $751.64 $0.44