Savings Plan and Future Cost Estimation for Texas Lutheran University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$119,210
Monthly savings required$944

How much will it cost to send your child to Texas Lutheran University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $476,838.98 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $943.65 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$45,970.00
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 $943.65 $0.00 $0.00 $943.65
2 $943.65 $943.65 $0.00 $5.34 $1,892.64
3 $1,892.64 $943.65 $0.00 $10.70 $2,846.99
4 $2,846.99 $943.65 $0.00 $16.10 $3,806.74
5 $3,806.74 $943.65 $0.00 $21.52 $4,771.91
6 $4,771.91 $943.65 $0.00 $26.98 $5,742.54
7 $5,742.54 $943.65 $0.00 $32.47 $6,718.66
8 $6,718.66 $943.65 $0.00 $37.99 $7,700.30
9 $7,700.30 $943.65 $0.00 $43.54 $8,687.49
10 $8,687.49 $943.65 $0.00 $49.12 $9,680.26
11 $9,680.26 $943.65 $0.00 $54.73 $10,678.64
12 $10,678.64 $943.65 $0.00 $60.38 $11,682.67
13 $11,682.67 $943.65 $0.00 $66.06 $12,692.38
14 $12,692.38 $943.65 $0.00 $71.76 $13,707.79
15 $13,707.79 $943.65 $0.00 $77.51 $14,728.95
16 $14,728.95 $943.65 $0.00 $83.28 $15,755.88
17 $15,755.88 $943.65 $0.00 $89.09 $16,788.62
18 $16,788.62 $943.65 $0.00 $94.93 $17,827.20
19 $17,827.20 $943.65 $0.00 $100.80 $18,871.65
20 $18,871.65 $943.65 $0.00 $106.70 $19,922.00
21 $19,922.00 $943.65 $0.00 $112.64 $20,978.29
22 $20,978.29 $943.65 $0.00 $118.61 $22,040.55
23 $22,040.55 $943.65 $0.00 $124.62 $23,108.82
24 $23,108.82 $943.65 $0.00 $130.66 $24,183.13
25 $24,183.13 $943.65 $0.00 $136.73 $25,263.51
26 $25,263.51 $943.65 $0.00 $142.84 $26,350.00
27 $26,350.00 $943.65 $0.00 $148.99 $27,442.64
28 $27,442.64 $943.65 $0.00 $155.16 $28,541.45
29 $28,541.45 $943.65 $0.00 $161.38 $29,646.48
30 $29,646.48 $943.65 $0.00 $167.63 $30,757.76
31 $30,757.76 $943.65 $0.00 $173.91 $31,875.32
32 $31,875.32 $943.65 $0.00 $180.23 $32,999.20
33 $32,999.20 $943.65 $0.00 $186.58 $34,129.43
34 $34,129.43 $943.65 $0.00 $192.97 $35,266.05
35 $35,266.05 $943.65 $0.00 $199.40 $36,409.10
36 $36,409.10 $943.65 $0.00 $205.86 $37,558.61
37 $37,558.61 $943.65 $0.00 $212.36 $38,714.62
38 $38,714.62 $943.65 $0.00 $218.90 $39,877.17
39 $39,877.17 $943.65 $0.00 $225.47 $41,046.29
40 $41,046.29 $943.65 $0.00 $232.08 $42,222.02
41 $42,222.02 $943.65 $0.00 $238.73 $43,404.40
42 $43,404.40 $943.65 $0.00 $245.41 $44,593.46
43 $44,593.46 $943.65 $0.00 $252.14 $45,789.25
44 $45,789.25 $943.65 $0.00 $258.90 $46,991.80
45 $46,991.80 $943.65 $0.00 $265.70 $48,201.15
46 $48,201.15 $943.65 $0.00 $272.54 $49,417.34
47 $49,417.34 $943.65 $0.00 $279.41 $50,640.40
48 $50,640.40 $943.65 $0.00 $286.33 $51,870.38
49 $51,870.38 $943.65 $0.00 $293.28 $53,107.31
50 $53,107.31 $943.65 $0.00 $300.28 $54,351.24
51 $54,351.24 $943.65 $0.00 $307.31 $55,602.20
52 $55,602.20 $943.65 $0.00 $314.38 $56,860.23
53 $56,860.23 $943.65 $0.00 $321.50 $58,125.38
54 $58,125.38 $943.65 $0.00 $328.65 $59,397.68
55 $59,397.68 $943.65 $0.00 $335.84 $60,677.17
56 $60,677.17 $943.65 $0.00 $343.08 $61,963.90
57 $61,963.90 $943.65 $0.00 $350.35 $63,257.90
58 $63,257.90 $943.65 $0.00 $357.67 $64,559.22
59 $64,559.22 $943.65 $0.00 $365.03 $65,867.90
60 $65,867.90 $943.65 $0.00 $372.43 $67,183.98
61 $67,183.98 $943.65 $0.00 $379.87 $68,507.50
62 $68,507.50 $943.65 $0.00 $387.35 $69,838.50
63 $69,838.50 $943.65 $0.00 $394.88 $71,177.03
64 $71,177.03 $943.65 $0.00 $402.45 $72,523.13
65 $72,523.13 $943.65 $0.00 $410.06 $73,876.84
66 $73,876.84 $943.65 $0.00 $417.71 $75,238.20
67 $75,238.20 $943.65 $0.00 $425.41 $76,607.26
68 $76,607.26 $943.65 $0.00 $433.15 $77,984.06
69 $77,984.06 $943.65 $0.00 $440.93 $79,368.64
70 $79,368.64 $943.65 $0.00 $448.76 $80,761.05
71 $80,761.05 $943.65 $0.00 $456.63 $82,161.33
72 $82,161.33 $943.65 $0.00 $464.55 $83,569.53
73 $83,569.53 $943.65 $0.00 $472.51 $84,985.69
74 $84,985.69 $943.65 $0.00 $480.52 $86,409.86
75 $86,409.86 $943.65 $0.00 $488.57 $87,842.08
76 $87,842.08 $943.65 $0.00 $496.67 $89,282.40
77 $89,282.40 $943.65 $0.00 $504.82 $90,730.87
78 $90,730.87 $943.65 $0.00 $513.01 $92,187.53
79 $92,187.53 $943.65 $0.00 $521.24 $93,652.42
80 $93,652.42 $943.65 $0.00 $529.52 $95,125.59
81 $95,125.59 $943.65 $0.00 $537.85 $96,607.09
82 $96,607.09 $943.65 $0.00 $546.23 $98,096.97
83 $98,096.97 $943.65 $0.00 $554.65 $99,595.27
84 $99,595.27 $943.65 $0.00 $563.13 $101,102.05
85 $101,102.05 $943.65 $0.00 $571.65 $102,617.35
86 $102,617.35 $943.65 $0.00 $580.21 $104,141.21
87 $104,141.21 $943.65 $0.00 $588.83 $105,673.69
88 $105,673.69 $943.65 $0.00 $597.49 $107,214.83
89 $107,214.83 $943.65 $0.00 $606.21 $108,764.69
90 $108,764.69 $943.65 $0.00 $614.97 $110,323.31
91 $110,323.31 $943.65 $0.00 $623.78 $111,890.74
92 $111,890.74 $943.65 $0.00 $632.65 $113,467.04
93 $113,467.04 $943.65 $0.00 $641.56 $115,052.25
94 $115,052.25 $943.65 $0.00 $650.52 $116,646.42
95 $116,646.42 $943.65 $0.00 $659.54 $118,249.61
96 $118,249.61 $943.65 $0.00 $668.60 $119,861.86
97 $119,861.86 $943.65 $0.00 $677.72 $121,483.23
98 $121,483.23 $943.65 $0.00 $686.88 $123,113.76
99 $123,113.76 $943.65 $0.00 $696.10 $124,753.51
100 $124,753.51 $943.65 $0.00 $705.37 $126,402.53
101 $126,402.53 $943.65 $0.00 $714.70 $128,060.88
102 $128,060.88 $943.65 $0.00 $724.07 $129,728.60
103 $129,728.60 $943.65 $0.00 $733.50 $131,405.75
104 $131,405.75 $943.65 $0.00 $742.99 $133,092.39
105 $133,092.39 $943.65 $0.00 $752.52 $134,788.56
106 $134,788.56 $943.65 $0.00 $762.11 $136,494.32
107 $136,494.32 $943.65 $0.00 $771.76 $138,209.73
108 $138,209.73 $943.65 $0.00 $781.46 $139,934.84
109 $139,934.84 $943.65 $0.00 $791.21 $141,669.70
110 $141,669.70 $943.65 $0.00 $801.02 $143,414.37
111 $143,414.37 $943.65 $0.00 $810.89 $145,168.91
112 $145,168.91 $943.65 $0.00 $820.81 $146,933.37
113 $146,933.37 $943.65 $0.00 $830.78 $148,707.80
114 $148,707.80 $943.65 $0.00 $840.82 $150,492.27
115 $150,492.27 $943.65 $0.00 $850.91 $152,286.83
116 $152,286.83 $943.65 $0.00 $861.05 $154,091.53
117 $154,091.53 $943.65 $0.00 $871.26 $155,906.44
118 $155,906.44 $943.65 $0.00 $881.52 $157,731.61
119 $157,731.61 $943.65 $0.00 $891.84 $159,567.10
120 $159,567.10 $943.65 $0.00 $902.22 $161,412.97
121 $161,412.97 $943.65 $0.00 $912.65 $163,269.27
122 $163,269.27 $943.65 $0.00 $923.15 $165,136.07
123 $165,136.07 $943.65 $0.00 $933.70 $167,013.42
124 $167,013.42 $943.65 $0.00 $944.32 $168,901.39
125 $168,901.39 $943.65 $0.00 $954.99 $170,800.03
126 $170,800.03 $943.65 $0.00 $965.73 $172,709.41
127 $172,709.41 $943.65 $0.00 $976.52 $174,629.58
128 $174,629.58 $943.65 $0.00 $987.38 $176,560.61
129 $176,560.61 $943.65 $0.00 $998.30 $178,502.56
130 $178,502.56 $943.65 $0.00 $1,009.28 $180,455.49
131 $180,455.49 $943.65 $0.00 $1,020.32 $182,419.46
132 $182,419.46 $943.65 $0.00 $1,031.43 $184,394.54
133 $184,394.54 $943.65 $0.00 $1,042.59 $186,380.78
134 $186,380.78 $943.65 $0.00 $1,053.82 $188,378.25
135 $188,378.25 $943.65 $0.00 $1,065.12 $190,387.02
136 $190,387.02 $943.65 $0.00 $1,076.48 $192,407.15
137 $192,407.15 $943.65 $0.00 $1,087.90 $194,438.70
138 $194,438.70 $943.65 $0.00 $1,099.38 $196,481.73
139 $196,481.73 $943.65 $0.00 $1,110.94 $198,536.32
140 $198,536.32 $943.65 $0.00 $1,122.55 $200,602.52
141 $200,602.52 $943.65 $0.00 $1,134.24 $202,680.41
142 $202,680.41 $943.65 $0.00 $1,145.98 $204,770.04
143 $204,770.04 $943.65 $0.00 $1,157.80 $206,871.49
144 $206,871.49 $943.65 $0.00 $1,169.68 $208,984.82
145 $208,984.82 $943.65 $0.00 $1,181.63 $211,110.10
146 $211,110.10 $943.65 $0.00 $1,193.65 $213,247.40
147 $213,247.40 $943.65 $0.00 $1,205.73 $215,396.78
148 $215,396.78 $943.65 $0.00 $1,217.88 $217,558.31
149 $217,558.31 $943.65 $0.00 $1,230.11 $219,732.07
150 $219,732.07 $943.65 $0.00 $1,242.40 $221,918.12
151 $221,918.12 $943.65 $0.00 $1,254.76 $224,116.53
152 $224,116.53 $943.65 $0.00 $1,267.19 $226,327.37
153 $226,327.37 $943.65 $0.00 $1,279.69 $228,550.71
154 $228,550.71 $943.65 $0.00 $1,292.26 $230,786.62
155 $230,786.62 $943.65 $0.00 $1,304.90 $233,035.17
156 $233,035.17 $943.65 $0.00 $1,317.61 $235,296.43
157 $235,296.43 $943.65 $0.00 $1,330.40 $237,570.48
158 $237,570.48 $943.65 $0.00 $1,343.26 $239,857.39
159 $239,857.39 $943.65 $0.00 $1,356.19 $242,157.23
160 $242,157.23 $943.65 $0.00 $1,369.19 $244,470.07
161 $244,470.07 $943.65 $0.00 $1,382.27 $246,795.99
162 $246,795.99 $943.65 $0.00 $1,395.42 $249,135.06
163 $249,135.06 $943.65 $0.00 $1,408.65 $251,487.36
164 $251,487.36 $943.65 $0.00 $1,421.95 $253,852.96
165 $253,852.96 $943.65 $0.00 $1,435.32 $256,231.93
166 $256,231.93 $943.65 $0.00 $1,448.77 $258,624.35
167 $258,624.35 $943.65 $0.00 $1,462.30 $261,030.30
168 $261,030.30 $943.65 $0.00 $1,475.90 $263,449.85
169 $263,449.85 $943.65 $0.00 $1,489.58 $265,883.08
170 $265,883.08 $943.65 $0.00 $1,503.34 $268,330.07
171 $268,330.07 $943.65 $0.00 $1,517.18 $270,790.90
172 $270,790.90 $943.65 $0.00 $1,531.09 $273,265.64
173 $273,265.64 $943.65 $0.00 $1,545.08 $275,754.37
174 $275,754.37 $943.65 $0.00 $1,559.16 $278,257.18
175 $278,257.18 $943.65 $0.00 $1,573.31 $280,774.14
176 $280,774.14 $943.65 $0.00 $1,587.54 $283,305.33
177 $283,305.33 $943.65 $0.00 $1,601.85 $285,850.83
178 $285,850.83 $943.65 $0.00 $1,616.24 $288,410.72
179 $288,410.72 $943.65 $0.00 $1,630.72 $290,985.09
180 $290,985.09 $943.65 $0.00 $1,645.27 $293,574.01
181 $293,574.01 $943.65 $0.00 $1,659.91 $296,177.57
182 $296,177.57 $943.65 $0.00 $1,674.63 $298,795.85
183 $298,795.85 $943.65 $0.00 $1,689.44 $301,428.94
184 $301,428.94 $943.65 $0.00 $1,704.32 $304,076.91
185 $304,076.91 $943.65 $0.00 $1,719.30 $306,739.86
186 $306,739.86 $943.65 $0.00 $1,734.35 $309,417.86
187 $309,417.86 $943.65 $0.00 $1,749.49 $312,111.00
188 $312,111.00 $943.65 $0.00 $1,764.72 $314,819.37
189 $314,819.37 $943.65 $0.00 $1,780.03 $317,543.05
190 $317,543.05 $943.65 $0.00 $1,795.43 $320,282.13
191 $320,282.13 $943.65 $0.00 $1,810.92 $323,036.70
192 $323,036.70 $943.65 $0.00 $1,826.50 $325,806.85
193 $325,806.85 $943.65 $0.00 $1,842.16 $328,592.66
194 $328,592.66 $943.65 $0.00 $1,857.91 $331,394.22
195 $331,394.22 $943.65 $0.00 $1,873.75 $334,211.62
196 $334,211.62 $943.65 $0.00 $1,889.68 $337,044.95
197 $337,044.95 $943.65 $0.00 $1,905.70 $339,894.30
198 $339,894.30 $943.65 $0.00 $1,921.81 $342,759.76
199 $342,759.76 $943.65 $0.00 $1,938.01 $345,641.42
200 $345,641.42 $943.65 $0.00 $1,954.31 $348,539.38
201 $348,539.38 $943.65 $0.00 $1,970.69 $351,453.72
202 $351,453.72 $943.65 $0.00 $1,987.17 $354,384.54
203 $354,384.54 $943.65 $0.00 $2,003.74 $357,331.93
204 $357,331.93 $943.65 $0.00 $2,020.41 $360,295.99
205 $360,295.99 $943.65 $0.00 $2,037.17 $363,276.81
206 $363,276.81 $943.65 $0.00 $2,054.02 $366,274.48
207 $366,274.48 $943.65 $0.00 $2,070.97 $369,289.10
208 $369,289.10 $943.65 $0.00 $2,088.01 $372,320.76
209 $372,320.76 $943.65 $0.00 $2,105.16 $375,369.57
210 $375,369.57 $943.65 $0.00 $2,122.39 $378,435.61
211 $378,435.61 $943.65 $0.00 $2,139.73 $381,518.99
212 $381,518.99 $943.65 $0.00 $2,157.16 $384,619.80
213 $384,619.80 $943.65 $0.00 $2,174.70 $387,738.15
214 $387,738.15 $943.65 $0.00 $2,192.33 $390,874.13
215 $390,874.13 $943.65 $0.00 $2,210.06 $394,027.84
216 $394,027.84 $943.65 $0.00 $2,227.89 $397,199.38
217 $397,199.38 $943.65 $110,632.29 $2,245.82 $289,756.56
218 $289,756.56 $943.65 $0.00 $1,638.33 $292,338.54
219 $292,338.54 $943.65 $0.00 $1,652.92 $294,935.11
220 $294,935.11 $943.65 $0.00 $1,667.61 $297,546.37
221 $297,546.37 $943.65 $0.00 $1,682.37 $300,172.39
222 $300,172.39 $943.65 $0.00 $1,697.22 $302,813.26
223 $302,813.26 $943.65 $0.00 $1,712.15 $305,469.06
224 $305,469.06 $943.65 $0.00 $1,727.17 $308,139.88
225 $308,139.88 $943.65 $0.00 $1,742.27 $310,825.80
226 $310,825.80 $943.65 $0.00 $1,757.45 $313,526.90
227 $313,526.90 $943.65 $0.00 $1,772.73 $316,243.28
228 $316,243.28 $943.65 $0.00 $1,788.09 $318,975.02
229 $318,975.02 $943.65 $116,163.90 $1,803.53 $205,558.30
230 $205,558.30 $943.65 $0.00 $1,162.26 $207,664.21
231 $207,664.21 $943.65 $0.00 $1,174.16 $209,782.02
232 $209,782.02 $943.65 $0.00 $1,186.14 $211,911.81
233 $211,911.81 $943.65 $0.00 $1,198.18 $214,053.64
234 $214,053.64 $943.65 $0.00 $1,210.29 $216,207.58
235 $216,207.58 $943.65 $0.00 $1,222.47 $218,373.70
236 $218,373.70 $943.65 $0.00 $1,234.72 $220,552.07
237 $220,552.07 $943.65 $0.00 $1,247.03 $222,742.75
238 $222,742.75 $943.65 $0.00 $1,259.42 $224,945.82
239 $224,945.82 $943.65 $0.00 $1,271.88 $227,161.35
240 $227,161.35 $943.65 $0.00 $1,284.40 $229,389.40
241 $229,389.40 $943.65 $121,972.10 $1,297.00 $109,657.95
242 $109,657.95 $943.65 $0.00 $620.02 $111,221.62
243 $111,221.62 $943.65 $0.00 $628.86 $112,794.13
244 $112,794.13 $943.65 $0.00 $637.75 $114,375.53
245 $114,375.53 $943.65 $0.00 $646.70 $115,965.88
246 $115,965.88 $943.65 $0.00 $655.69 $117,565.22
247 $117,565.22 $943.65 $0.00 $664.73 $119,173.60
248 $119,173.60 $943.65 $0.00 $673.82 $120,791.07
249 $120,791.07 $943.65 $0.00 $682.97 $122,417.69
250 $122,417.69 $943.65 $0.00 $692.17 $124,053.51
251 $124,053.51 $943.65 $0.00 $701.42 $125,698.58
252 $125,698.58 $943.65 $0.00 $710.72 $127,352.95
253 $127,352.95 $0.00 $128,070.70 $720.07 $2.32