Savings Plan and Future Cost Estimation for Lubbock Christian University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$156,467
Monthly savings required$1,237

How much will it cost to send your child to Lubbock Christian University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $625,869.71 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,236.60 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$41,706.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,236.60 $0.00 $0.00 $1,236.60
2 $1,236.60 $1,236.60 $0.00 $6.99 $2,480.19
3 $2,480.19 $1,236.60 $0.00 $14.02 $3,730.81
4 $3,730.81 $1,236.60 $0.00 $21.09 $4,988.50
5 $4,988.50 $1,236.60 $0.00 $28.21 $6,253.31
6 $6,253.31 $1,236.60 $0.00 $35.36 $7,525.27
7 $7,525.27 $1,236.60 $0.00 $42.55 $8,804.42
8 $8,804.42 $1,236.60 $0.00 $49.78 $10,090.80
9 $10,090.80 $1,236.60 $0.00 $57.05 $11,384.45
10 $11,384.45 $1,236.60 $0.00 $64.37 $12,685.42
11 $12,685.42 $1,236.60 $0.00 $71.73 $13,993.75
12 $13,993.75 $1,236.60 $0.00 $79.12 $15,309.47
13 $15,309.47 $1,236.60 $0.00 $86.56 $16,632.63
14 $16,632.63 $1,236.60 $0.00 $94.04 $17,963.27
15 $17,963.27 $1,236.60 $0.00 $101.57 $19,301.44
16 $19,301.44 $1,236.60 $0.00 $109.13 $20,647.17
17 $20,647.17 $1,236.60 $0.00 $116.74 $22,000.51
18 $22,000.51 $1,236.60 $0.00 $124.39 $23,361.50
19 $23,361.50 $1,236.60 $0.00 $132.09 $24,730.19
20 $24,730.19 $1,236.60 $0.00 $139.83 $26,106.62
21 $26,106.62 $1,236.60 $0.00 $147.61 $27,490.83
22 $27,490.83 $1,236.60 $0.00 $155.44 $28,882.87
23 $28,882.87 $1,236.60 $0.00 $163.31 $30,282.78
24 $30,282.78 $1,236.60 $0.00 $171.22 $31,690.60
25 $31,690.60 $1,236.60 $0.00 $179.18 $33,106.38
26 $33,106.38 $1,236.60 $0.00 $187.19 $34,530.17
27 $34,530.17 $1,236.60 $0.00 $195.24 $35,962.01
28 $35,962.01 $1,236.60 $0.00 $203.33 $37,401.94
29 $37,401.94 $1,236.60 $0.00 $211.48 $38,850.02
30 $38,850.02 $1,236.60 $0.00 $219.66 $40,306.28
31 $40,306.28 $1,236.60 $0.00 $227.90 $41,770.78
32 $41,770.78 $1,236.60 $0.00 $236.18 $43,243.56
33 $43,243.56 $1,236.60 $0.00 $244.51 $44,724.67
34 $44,724.67 $1,236.60 $0.00 $252.88 $46,214.15
35 $46,214.15 $1,236.60 $0.00 $261.30 $47,712.05
36 $47,712.05 $1,236.60 $0.00 $269.77 $49,218.42
37 $49,218.42 $1,236.60 $0.00 $278.29 $50,733.31
38 $50,733.31 $1,236.60 $0.00 $286.85 $52,256.76
39 $52,256.76 $1,236.60 $0.00 $295.47 $53,788.83
40 $53,788.83 $1,236.60 $0.00 $304.13 $55,329.56
41 $55,329.56 $1,236.60 $0.00 $312.84 $56,879.00
42 $56,879.00 $1,236.60 $0.00 $321.60 $58,437.20
43 $58,437.20 $1,236.60 $0.00 $330.41 $60,004.21
44 $60,004.21 $1,236.60 $0.00 $339.27 $61,580.08
45 $61,580.08 $1,236.60 $0.00 $348.18 $63,164.86
46 $63,164.86 $1,236.60 $0.00 $357.14 $64,758.60
47 $64,758.60 $1,236.60 $0.00 $366.15 $66,361.35
48 $66,361.35 $1,236.60 $0.00 $375.22 $67,973.17
49 $67,973.17 $1,236.60 $0.00 $384.33 $69,594.10
50 $69,594.10 $1,236.60 $0.00 $393.50 $71,224.20
51 $71,224.20 $1,236.60 $0.00 $402.71 $72,863.51
52 $72,863.51 $1,236.60 $0.00 $411.98 $74,512.09
53 $74,512.09 $1,236.60 $0.00 $421.30 $76,169.99
54 $76,169.99 $1,236.60 $0.00 $430.68 $77,837.27
55 $77,837.27 $1,236.60 $0.00 $440.10 $79,513.97
56 $79,513.97 $1,236.60 $0.00 $449.58 $81,200.15
57 $81,200.15 $1,236.60 $0.00 $459.12 $82,895.87
58 $82,895.87 $1,236.60 $0.00 $468.71 $84,601.18
59 $84,601.18 $1,236.60 $0.00 $478.35 $86,316.13
60 $86,316.13 $1,236.60 $0.00 $488.04 $88,040.77
61 $88,040.77 $1,236.60 $0.00 $497.80 $89,775.17
62 $89,775.17 $1,236.60 $0.00 $507.60 $91,519.37
63 $91,519.37 $1,236.60 $0.00 $517.46 $93,273.43
64 $93,273.43 $1,236.60 $0.00 $527.38 $95,037.41
65 $95,037.41 $1,236.60 $0.00 $537.36 $96,811.37
66 $96,811.37 $1,236.60 $0.00 $547.39 $98,595.36
67 $98,595.36 $1,236.60 $0.00 $557.47 $100,389.43
68 $100,389.43 $1,236.60 $0.00 $567.62 $102,193.65
69 $102,193.65 $1,236.60 $0.00 $577.82 $104,008.07
70 $104,008.07 $1,236.60 $0.00 $588.08 $105,832.75
71 $105,832.75 $1,236.60 $0.00 $598.39 $107,667.74
72 $107,667.74 $1,236.60 $0.00 $608.77 $109,513.11
73 $109,513.11 $1,236.60 $0.00 $619.20 $111,368.91
74 $111,368.91 $1,236.60 $0.00 $629.70 $113,235.21
75 $113,235.21 $1,236.60 $0.00 $640.25 $115,112.06
76 $115,112.06 $1,236.60 $0.00 $650.86 $116,999.52
77 $116,999.52 $1,236.60 $0.00 $661.53 $118,897.65
78 $118,897.65 $1,236.60 $0.00 $672.26 $120,806.51
79 $120,806.51 $1,236.60 $0.00 $683.06 $122,726.17
80 $122,726.17 $1,236.60 $0.00 $693.91 $124,656.68
81 $124,656.68 $1,236.60 $0.00 $704.83 $126,598.11
82 $126,598.11 $1,236.60 $0.00 $715.80 $128,550.51
83 $128,550.51 $1,236.60 $0.00 $726.84 $130,513.95
84 $130,513.95 $1,236.60 $0.00 $737.94 $132,488.49
85 $132,488.49 $1,236.60 $0.00 $749.11 $134,474.20
86 $134,474.20 $1,236.60 $0.00 $760.34 $136,471.14
87 $136,471.14 $1,236.60 $0.00 $771.63 $138,479.37
88 $138,479.37 $1,236.60 $0.00 $782.98 $140,498.95
89 $140,498.95 $1,236.60 $0.00 $794.40 $142,529.95
90 $142,529.95 $1,236.60 $0.00 $805.89 $144,572.44
91 $144,572.44 $1,236.60 $0.00 $817.43 $146,626.47
92 $146,626.47 $1,236.60 $0.00 $829.05 $148,692.12
93 $148,692.12 $1,236.60 $0.00 $840.73 $150,769.45
94 $150,769.45 $1,236.60 $0.00 $852.47 $152,858.52
95 $152,858.52 $1,236.60 $0.00 $864.28 $154,959.40
96 $154,959.40 $1,236.60 $0.00 $876.16 $157,072.16
97 $157,072.16 $1,236.60 $0.00 $888.11 $159,196.87
98 $159,196.87 $1,236.60 $0.00 $900.12 $161,333.59
99 $161,333.59 $1,236.60 $0.00 $912.20 $163,482.39
100 $163,482.39 $1,236.60 $0.00 $924.35 $165,643.34
101 $165,643.34 $1,236.60 $0.00 $936.57 $167,816.51
102 $167,816.51 $1,236.60 $0.00 $948.86 $170,001.97
103 $170,001.97 $1,236.60 $0.00 $961.22 $172,199.79
104 $172,199.79 $1,236.60 $0.00 $973.64 $174,410.03
105 $174,410.03 $1,236.60 $0.00 $986.14 $176,632.77
106 $176,632.77 $1,236.60 $0.00 $998.71 $178,868.08
107 $178,868.08 $1,236.60 $0.00 $1,011.35 $181,116.03
108 $181,116.03 $1,236.60 $0.00 $1,024.06 $183,376.69
109 $183,376.69 $1,236.60 $0.00 $1,036.84 $185,650.13
110 $185,650.13 $1,236.60 $0.00 $1,049.69 $187,936.42
111 $187,936.42 $1,236.60 $0.00 $1,062.62 $190,235.64
112 $190,235.64 $1,236.60 $0.00 $1,075.62 $192,547.86
113 $192,547.86 $1,236.60 $0.00 $1,088.69 $194,873.15
114 $194,873.15 $1,236.60 $0.00 $1,101.84 $197,211.59
115 $197,211.59 $1,236.60 $0.00 $1,115.06 $199,563.25
116 $199,563.25 $1,236.60 $0.00 $1,128.36 $201,928.21
117 $201,928.21 $1,236.60 $0.00 $1,141.73 $204,306.54
118 $204,306.54 $1,236.60 $0.00 $1,155.18 $206,698.32
119 $206,698.32 $1,236.60 $0.00 $1,168.70 $209,103.62
120 $209,103.62 $1,236.60 $0.00 $1,182.30 $211,522.52
121 $211,522.52 $1,236.60 $0.00 $1,195.98 $213,955.10
122 $213,955.10 $1,236.60 $0.00 $1,209.73 $216,401.43
123 $216,401.43 $1,236.60 $0.00 $1,223.57 $218,861.60
124 $218,861.60 $1,236.60 $0.00 $1,237.48 $221,335.68
125 $221,335.68 $1,236.60 $0.00 $1,251.46 $223,823.74
126 $223,823.74 $1,236.60 $0.00 $1,265.53 $226,325.87
127 $226,325.87 $1,236.60 $0.00 $1,279.68 $228,842.15
128 $228,842.15 $1,236.60 $0.00 $1,293.91 $231,372.66
129 $231,372.66 $1,236.60 $0.00 $1,308.21 $233,917.47
130 $233,917.47 $1,236.60 $0.00 $1,322.60 $236,476.67
131 $236,476.67 $1,236.60 $0.00 $1,337.07 $239,050.34
132 $239,050.34 $1,236.60 $0.00 $1,351.63 $241,638.57
133 $241,638.57 $1,236.60 $0.00 $1,366.26 $244,241.43
134 $244,241.43 $1,236.60 $0.00 $1,380.98 $246,859.01
135 $246,859.01 $1,236.60 $0.00 $1,395.78 $249,491.39
136 $249,491.39 $1,236.60 $0.00 $1,410.66 $252,138.65
137 $252,138.65 $1,236.60 $0.00 $1,425.63 $254,800.88
138 $254,800.88 $1,236.60 $0.00 $1,440.68 $257,478.16
139 $257,478.16 $1,236.60 $0.00 $1,455.82 $260,170.58
140 $260,170.58 $1,236.60 $0.00 $1,471.04 $262,878.22
141 $262,878.22 $1,236.60 $0.00 $1,486.35 $265,601.17
142 $265,601.17 $1,236.60 $0.00 $1,501.75 $268,339.52
143 $268,339.52 $1,236.60 $0.00 $1,517.23 $271,093.35
144 $271,093.35 $1,236.60 $0.00 $1,532.80 $273,862.75
145 $273,862.75 $1,236.60 $0.00 $1,548.46 $276,647.81
146 $276,647.81 $1,236.60 $0.00 $1,564.21 $279,448.62
147 $279,448.62 $1,236.60 $0.00 $1,580.04 $282,265.26
148 $282,265.26 $1,236.60 $0.00 $1,595.97 $285,097.83
149 $285,097.83 $1,236.60 $0.00 $1,611.98 $287,946.41
150 $287,946.41 $1,236.60 $0.00 $1,628.09 $290,811.10
151 $290,811.10 $1,236.60 $0.00 $1,644.29 $293,691.99
152 $293,691.99 $1,236.60 $0.00 $1,660.58 $296,589.17
153 $296,589.17 $1,236.60 $0.00 $1,676.96 $299,502.73
154 $299,502.73 $1,236.60 $0.00 $1,693.43 $302,432.76
155 $302,432.76 $1,236.60 $0.00 $1,710.00 $305,379.36
156 $305,379.36 $1,236.60 $0.00 $1,726.66 $308,342.62
157 $308,342.62 $1,236.60 $0.00 $1,743.41 $311,322.63
158 $311,322.63 $1,236.60 $0.00 $1,760.26 $314,319.49
159 $314,319.49 $1,236.60 $0.00 $1,777.21 $317,333.30
160 $317,333.30 $1,236.60 $0.00 $1,794.25 $320,364.15
161 $320,364.15 $1,236.60 $0.00 $1,811.39 $323,412.14
162 $323,412.14 $1,236.60 $0.00 $1,828.62 $326,477.36
163 $326,477.36 $1,236.60 $0.00 $1,845.95 $329,559.91
164 $329,559.91 $1,236.60 $0.00 $1,863.38 $332,659.89
165 $332,659.89 $1,236.60 $0.00 $1,880.91 $335,777.40
166 $335,777.40 $1,236.60 $0.00 $1,898.53 $338,912.53
167 $338,912.53 $1,236.60 $0.00 $1,916.26 $342,065.39
168 $342,065.39 $1,236.60 $0.00 $1,934.09 $345,236.08
169 $345,236.08 $1,236.60 $0.00 $1,952.01 $348,424.69
170 $348,424.69 $1,236.60 $0.00 $1,970.04 $351,631.33
171 $351,631.33 $1,236.60 $0.00 $1,988.17 $354,856.10
172 $354,856.10 $1,236.60 $0.00 $2,006.41 $358,099.11
173 $358,099.11 $1,236.60 $0.00 $2,024.74 $361,360.45
174 $361,360.45 $1,236.60 $0.00 $2,043.18 $364,640.23
175 $364,640.23 $1,236.60 $0.00 $2,061.73 $367,938.56
176 $367,938.56 $1,236.60 $0.00 $2,080.38 $371,255.54
177 $371,255.54 $1,236.60 $0.00 $2,099.13 $374,591.27
178 $374,591.27 $1,236.60 $0.00 $2,117.99 $377,945.86
179 $377,945.86 $1,236.60 $0.00 $2,136.96 $381,319.42
180 $381,319.42 $1,236.60 $0.00 $2,156.04 $384,712.06
181 $384,712.06 $1,236.60 $0.00 $2,175.22 $388,123.88
182 $388,123.88 $1,236.60 $0.00 $2,194.51 $391,554.99
183 $391,554.99 $1,236.60 $0.00 $2,213.91 $395,005.50
184 $395,005.50 $1,236.60 $0.00 $2,233.42 $398,475.52
185 $398,475.52 $1,236.60 $0.00 $2,253.04 $401,965.16
186 $401,965.16 $1,236.60 $0.00 $2,272.77 $405,474.53
187 $405,474.53 $1,236.60 $0.00 $2,292.61 $409,003.74
188 $409,003.74 $1,236.60 $0.00 $2,312.57 $412,552.91
189 $412,552.91 $1,236.60 $0.00 $2,332.63 $416,122.14
190 $416,122.14 $1,236.60 $0.00 $2,352.82 $419,711.56
191 $419,711.56 $1,236.60 $0.00 $2,373.11 $423,321.27
192 $423,321.27 $1,236.60 $0.00 $2,393.52 $426,951.39
193 $426,951.39 $1,236.60 $0.00 $2,414.05 $430,602.04
194 $430,602.04 $1,236.60 $0.00 $2,434.69 $434,273.33
195 $434,273.33 $1,236.60 $0.00 $2,455.44 $437,965.37
196 $437,965.37 $1,236.60 $0.00 $2,476.32 $441,678.29
197 $441,678.29 $1,236.60 $0.00 $2,497.31 $445,412.20
198 $445,412.20 $1,236.60 $0.00 $2,518.43 $449,167.23
199 $449,167.23 $1,236.60 $0.00 $2,539.66 $452,943.49
200 $452,943.49 $1,236.60 $0.00 $2,561.01 $456,741.10
201 $456,741.10 $1,236.60 $0.00 $2,582.48 $460,560.18
202 $460,560.18 $1,236.60 $0.00 $2,604.07 $464,400.85
203 $464,400.85 $1,236.60 $0.00 $2,625.79 $468,263.24
204 $468,263.24 $1,236.60 $0.00 $2,647.63 $472,147.47
205 $472,147.47 $1,236.60 $0.00 $2,669.59 $476,053.66
206 $476,053.66 $1,236.60 $0.00 $2,691.68 $479,981.94
207 $479,981.94 $1,236.60 $0.00 $2,713.89 $483,932.43
208 $483,932.43 $1,236.60 $0.00 $2,736.22 $487,905.25
209 $487,905.25 $1,236.60 $0.00 $2,758.69 $491,900.54
210 $491,900.54 $1,236.60 $0.00 $2,781.28 $495,918.42
211 $495,918.42 $1,236.60 $0.00 $2,803.99 $499,959.01
212 $499,959.01 $1,236.60 $0.00 $2,826.84 $504,022.45
213 $504,022.45 $1,236.60 $0.00 $2,849.82 $508,108.87
214 $508,108.87 $1,236.60 $0.00 $2,872.92 $512,218.39
215 $512,218.39 $1,236.60 $0.00 $2,896.16 $516,351.15
216 $516,351.15 $1,236.60 $0.00 $2,919.52 $520,507.27
217 $520,507.27 $1,236.60 $140,963.46 $2,943.02 $383,723.43
218 $383,723.43 $1,236.60 $0.00 $2,169.63 $387,129.66
219 $387,129.66 $1,236.60 $0.00 $2,188.89 $390,555.15
220 $390,555.15 $1,236.60 $0.00 $2,208.26 $394,000.01
221 $394,000.01 $1,236.60 $0.00 $2,227.73 $397,464.34
222 $397,464.34 $1,236.60 $0.00 $2,247.32 $400,948.26
223 $400,948.26 $1,236.60 $0.00 $2,267.02 $404,451.88
224 $404,451.88 $1,236.60 $0.00 $2,286.83 $407,975.31
225 $407,975.31 $1,236.60 $0.00 $2,306.75 $411,518.66
226 $411,518.66 $1,236.60 $0.00 $2,326.79 $415,082.05
227 $415,082.05 $1,236.60 $0.00 $2,346.93 $418,665.58
228 $418,665.58 $1,236.60 $0.00 $2,367.20 $422,269.38
229 $422,269.38 $1,236.60 $150,830.90 $2,387.57 $275,062.65
230 $275,062.65 $1,236.60 $0.00 $1,555.24 $277,854.49
231 $277,854.49 $1,236.60 $0.00 $1,571.03 $280,662.12
232 $280,662.12 $1,236.60 $0.00 $1,586.90 $283,485.62
233 $283,485.62 $1,236.60 $0.00 $1,602.87 $286,325.09
234 $286,325.09 $1,236.60 $0.00 $1,618.92 $289,180.61
235 $289,180.61 $1,236.60 $0.00 $1,635.07 $292,052.28
236 $292,052.28 $1,236.60 $0.00 $1,651.31 $294,940.19
237 $294,940.19 $1,236.60 $0.00 $1,667.63 $297,844.42
238 $297,844.42 $1,236.60 $0.00 $1,684.06 $300,765.08
239 $300,765.08 $1,236.60 $0.00 $1,700.57 $303,702.25
240 $303,702.25 $1,236.60 $0.00 $1,717.18 $306,656.03
241 $306,656.03 $1,236.60 $161,389.06 $1,733.88 $148,237.45
242 $148,237.45 $1,236.60 $0.00 $838.16 $150,312.21
243 $150,312.21 $1,236.60 $0.00 $849.89 $152,398.70
244 $152,398.70 $1,236.60 $0.00 $861.68 $154,496.98
245 $154,496.98 $1,236.60 $0.00 $873.55 $156,607.13
246 $156,607.13 $1,236.60 $0.00 $885.48 $158,729.21
247 $158,729.21 $1,236.60 $0.00 $897.48 $160,863.29
248 $160,863.29 $1,236.60 $0.00 $909.54 $163,009.43
249 $163,009.43 $1,236.60 $0.00 $921.68 $165,167.71
250 $165,167.71 $1,236.60 $0.00 $933.88 $167,338.19
251 $167,338.19 $1,236.60 $0.00 $946.15 $169,520.94
252 $169,520.94 $1,236.60 $0.00 $958.50 $171,716.04
253 $171,716.04 $0.00 $172,686.29 $970.91 $0.66