How much will it cost and what do you need to save?
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.
Current Annual Cost | $45,970.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 5% |
Current Savings | $0.00 |
After Tax Return on Savings | 7% |
Years of enrollment | 4 |
Discover how much will you need to start saving now to afford Texas Lutheran University in the future.
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 |