Savings Plan and Future Cost Estimation for Latter day Saints Business College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$53,061
Monthly savings required$236

How much will it cost to send your child to Latter day Saints Business College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $106,122.30 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $235.74 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$15,168.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $235.74 $0.00 $0.00 $235.74
2 $235.74 $235.74 $0.00 $1.33 $472.81
3 $472.81 $235.74 $0.00 $2.67 $711.22
4 $711.22 $235.74 $0.00 $4.02 $950.98
5 $950.98 $235.74 $0.00 $5.38 $1,192.10
6 $1,192.10 $235.74 $0.00 $6.74 $1,434.58
7 $1,434.58 $235.74 $0.00 $8.11 $1,678.43
8 $1,678.43 $235.74 $0.00 $9.49 $1,923.66
9 $1,923.66 $235.74 $0.00 $10.88 $2,170.28
10 $2,170.28 $235.74 $0.00 $12.27 $2,418.29
11 $2,418.29 $235.74 $0.00 $13.67 $2,667.70
12 $2,667.70 $235.74 $0.00 $15.08 $2,918.52
13 $2,918.52 $235.74 $0.00 $16.50 $3,170.76
14 $3,170.76 $235.74 $0.00 $17.93 $3,424.43
15 $3,424.43 $235.74 $0.00 $19.36 $3,679.53
16 $3,679.53 $235.74 $0.00 $20.80 $3,936.07
17 $3,936.07 $235.74 $0.00 $22.26 $4,194.07
18 $4,194.07 $235.74 $0.00 $23.71 $4,453.52
19 $4,453.52 $235.74 $0.00 $25.18 $4,714.44
20 $4,714.44 $235.74 $0.00 $26.66 $4,976.84
21 $4,976.84 $235.74 $0.00 $28.14 $5,240.72
22 $5,240.72 $235.74 $0.00 $29.63 $5,506.09
23 $5,506.09 $235.74 $0.00 $31.13 $5,772.96
24 $5,772.96 $235.74 $0.00 $32.64 $6,041.34
25 $6,041.34 $235.74 $0.00 $34.16 $6,311.24
26 $6,311.24 $235.74 $0.00 $35.68 $6,582.66
27 $6,582.66 $235.74 $0.00 $37.22 $6,855.62
28 $6,855.62 $235.74 $0.00 $38.76 $7,130.12
29 $7,130.12 $235.74 $0.00 $40.31 $7,406.17
30 $7,406.17 $235.74 $0.00 $41.88 $7,683.79
31 $7,683.79 $235.74 $0.00 $43.45 $7,962.98
32 $7,962.98 $235.74 $0.00 $45.02 $8,243.74
33 $8,243.74 $235.74 $0.00 $46.61 $8,526.09
34 $8,526.09 $235.74 $0.00 $48.21 $8,810.04
35 $8,810.04 $235.74 $0.00 $49.81 $9,095.59
36 $9,095.59 $235.74 $0.00 $51.43 $9,382.76
37 $9,382.76 $235.74 $0.00 $53.05 $9,671.55
38 $9,671.55 $235.74 $0.00 $54.68 $9,961.97
39 $9,961.97 $235.74 $0.00 $56.33 $10,254.04
40 $10,254.04 $235.74 $0.00 $57.98 $10,547.76
41 $10,547.76 $235.74 $0.00 $59.64 $10,843.14
42 $10,843.14 $235.74 $0.00 $61.31 $11,140.19
43 $11,140.19 $235.74 $0.00 $62.99 $11,438.92
44 $11,438.92 $235.74 $0.00 $64.68 $11,739.34
45 $11,739.34 $235.74 $0.00 $66.38 $12,041.46
46 $12,041.46 $235.74 $0.00 $68.08 $12,345.28
47 $12,345.28 $235.74 $0.00 $69.80 $12,650.82
48 $12,650.82 $235.74 $0.00 $71.53 $12,958.09
49 $12,958.09 $235.74 $0.00 $73.27 $13,267.10
50 $13,267.10 $235.74 $0.00 $75.01 $13,577.85
51 $13,577.85 $235.74 $0.00 $76.77 $13,890.36
52 $13,890.36 $235.74 $0.00 $78.54 $14,204.64
53 $14,204.64 $235.74 $0.00 $80.32 $14,520.70
54 $14,520.70 $235.74 $0.00 $82.10 $14,838.54
55 $14,838.54 $235.74 $0.00 $83.90 $15,158.18
56 $15,158.18 $235.74 $0.00 $85.71 $15,479.63
57 $15,479.63 $235.74 $0.00 $87.52 $15,802.89
58 $15,802.89 $235.74 $0.00 $89.35 $16,127.98
59 $16,127.98 $235.74 $0.00 $91.19 $16,454.91
60 $16,454.91 $235.74 $0.00 $93.04 $16,783.69
61 $16,783.69 $235.74 $0.00 $94.90 $17,114.33
62 $17,114.33 $235.74 $0.00 $96.77 $17,446.84
63 $17,446.84 $235.74 $0.00 $98.65 $17,781.23
64 $17,781.23 $235.74 $0.00 $100.54 $18,117.51
65 $18,117.51 $235.74 $0.00 $102.44 $18,455.69
66 $18,455.69 $235.74 $0.00 $104.35 $18,795.78
67 $18,795.78 $235.74 $0.00 $106.27 $19,137.79
68 $19,137.79 $235.74 $0.00 $108.21 $19,481.74
69 $19,481.74 $235.74 $0.00 $110.15 $19,827.63
70 $19,827.63 $235.74 $0.00 $112.11 $20,175.48
71 $20,175.48 $235.74 $0.00 $114.08 $20,525.30
72 $20,525.30 $235.74 $0.00 $116.05 $20,877.09
73 $20,877.09 $235.74 $0.00 $118.04 $21,230.87
74 $21,230.87 $235.74 $0.00 $120.04 $21,586.65
75 $21,586.65 $235.74 $0.00 $122.05 $21,944.44
76 $21,944.44 $235.74 $0.00 $124.08 $22,304.26
77 $22,304.26 $235.74 $0.00 $126.11 $22,666.11
78 $22,666.11 $235.74 $0.00 $128.16 $23,030.01
79 $23,030.01 $235.74 $0.00 $130.22 $23,395.97
80 $23,395.97 $235.74 $0.00 $132.28 $23,763.99
81 $23,763.99 $235.74 $0.00 $134.37 $24,134.10
82 $24,134.10 $235.74 $0.00 $136.46 $24,506.30
83 $24,506.30 $235.74 $0.00 $138.56 $24,880.60
84 $24,880.60 $235.74 $0.00 $140.68 $25,257.02
85 $25,257.02 $235.74 $0.00 $142.81 $25,635.57
86 $25,635.57 $235.74 $0.00 $144.95 $26,016.26
87 $26,016.26 $235.74 $0.00 $147.10 $26,399.10
88 $26,399.10 $235.74 $0.00 $149.26 $26,784.10
89 $26,784.10 $235.74 $0.00 $151.44 $27,171.28
90 $27,171.28 $235.74 $0.00 $153.63 $27,560.65
91 $27,560.65 $235.74 $0.00 $155.83 $27,952.22
92 $27,952.22 $235.74 $0.00 $158.05 $28,346.01
93 $28,346.01 $235.74 $0.00 $160.27 $28,742.02
94 $28,742.02 $235.74 $0.00 $162.51 $29,140.27
95 $29,140.27 $235.74 $0.00 $164.76 $29,540.77
96 $29,540.77 $235.74 $0.00 $167.03 $29,943.54
97 $29,943.54 $235.74 $0.00 $169.31 $30,348.59
98 $30,348.59 $235.74 $0.00 $171.60 $30,755.93
99 $30,755.93 $235.74 $0.00 $173.90 $31,165.57
100 $31,165.57 $235.74 $0.00 $176.21 $31,577.52
101 $31,577.52 $235.74 $0.00 $178.54 $31,991.80
102 $31,991.80 $235.74 $0.00 $180.89 $32,408.43
103 $32,408.43 $235.74 $0.00 $183.24 $32,827.41
104 $32,827.41 $235.74 $0.00 $185.61 $33,248.76
105 $33,248.76 $235.74 $0.00 $187.99 $33,672.49
106 $33,672.49 $235.74 $0.00 $190.39 $34,098.62
107 $34,098.62 $235.74 $0.00 $192.80 $34,527.16
108 $34,527.16 $235.74 $0.00 $195.22 $34,958.12
109 $34,958.12 $235.74 $0.00 $197.66 $35,391.52
110 $35,391.52 $235.74 $0.00 $200.11 $35,827.37
111 $35,827.37 $235.74 $0.00 $202.57 $36,265.68
112 $36,265.68 $235.74 $0.00 $205.05 $36,706.47
113 $36,706.47 $235.74 $0.00 $207.54 $37,149.75
114 $37,149.75 $235.74 $0.00 $210.05 $37,595.54
115 $37,595.54 $235.74 $0.00 $212.57 $38,043.85
116 $38,043.85 $235.74 $0.00 $215.11 $38,494.70
117 $38,494.70 $235.74 $0.00 $217.65 $38,948.09
118 $38,948.09 $235.74 $0.00 $220.22 $39,404.05
119 $39,404.05 $235.74 $0.00 $222.80 $39,862.59
120 $39,862.59 $235.74 $0.00 $225.39 $40,323.72
121 $40,323.72 $235.74 $0.00 $228.00 $40,787.46
122 $40,787.46 $235.74 $0.00 $230.62 $41,253.82
123 $41,253.82 $235.74 $0.00 $233.26 $41,722.82
124 $41,722.82 $235.74 $0.00 $235.91 $42,194.47
125 $42,194.47 $235.74 $0.00 $238.57 $42,668.78
126 $42,668.78 $235.74 $0.00 $241.26 $43,145.78
127 $43,145.78 $235.74 $0.00 $243.95 $43,625.47
128 $43,625.47 $235.74 $0.00 $246.66 $44,107.87
129 $44,107.87 $235.74 $0.00 $249.39 $44,593.00
130 $44,593.00 $235.74 $0.00 $252.14 $45,080.88
131 $45,080.88 $235.74 $0.00 $254.89 $45,571.51
132 $45,571.51 $235.74 $0.00 $257.67 $46,064.92
133 $46,064.92 $235.74 $0.00 $260.46 $46,561.12
134 $46,561.12 $235.74 $0.00 $263.26 $47,060.12
135 $47,060.12 $235.74 $0.00 $266.08 $47,561.94
136 $47,561.94 $235.74 $0.00 $268.92 $48,066.60
137 $48,066.60 $235.74 $0.00 $271.78 $48,574.12
138 $48,574.12 $235.74 $0.00 $274.65 $49,084.51
139 $49,084.51 $235.74 $0.00 $277.53 $49,597.78
140 $49,597.78 $235.74 $0.00 $280.43 $50,113.95
141 $50,113.95 $235.74 $0.00 $283.35 $50,633.04
142 $50,633.04 $235.74 $0.00 $286.29 $51,155.07
143 $51,155.07 $235.74 $0.00 $289.24 $51,680.05
144 $51,680.05 $235.74 $0.00 $292.21 $52,208.00
145 $52,208.00 $235.74 $0.00 $295.19 $52,738.93
146 $52,738.93 $235.74 $0.00 $298.19 $53,272.86
147 $53,272.86 $235.74 $0.00 $301.21 $53,809.81
148 $53,809.81 $235.74 $0.00 $304.25 $54,349.80
149 $54,349.80 $235.74 $0.00 $307.30 $54,892.84
150 $54,892.84 $235.74 $0.00 $310.37 $55,438.95
151 $55,438.95 $235.74 $0.00 $313.46 $55,988.15
152 $55,988.15 $235.74 $0.00 $316.57 $56,540.46
153 $56,540.46 $235.74 $0.00 $319.69 $57,095.89
154 $57,095.89 $235.74 $0.00 $322.83 $57,654.46
155 $57,654.46 $235.74 $0.00 $325.99 $58,216.19
156 $58,216.19 $235.74 $0.00 $329.16 $58,781.09
157 $58,781.09 $235.74 $0.00 $332.36 $59,349.19
158 $59,349.19 $235.74 $0.00 $335.57 $59,920.50
159 $59,920.50 $235.74 $0.00 $338.80 $60,495.04
160 $60,495.04 $235.74 $0.00 $342.05 $61,072.83
161 $61,072.83 $235.74 $0.00 $345.31 $61,653.88
162 $61,653.88 $235.74 $0.00 $348.60 $62,238.22
163 $62,238.22 $235.74 $0.00 $351.90 $62,825.86
164 $62,825.86 $235.74 $0.00 $355.23 $63,416.83
165 $63,416.83 $235.74 $0.00 $358.57 $64,011.14
166 $64,011.14 $235.74 $0.00 $361.93 $64,608.81
167 $64,608.81 $235.74 $0.00 $365.31 $65,209.86
168 $65,209.86 $235.74 $0.00 $368.71 $65,814.31
169 $65,814.31 $235.74 $0.00 $372.12 $66,422.17
170 $66,422.17 $235.74 $0.00 $375.56 $67,033.47
171 $67,033.47 $235.74 $0.00 $379.02 $67,648.23
172 $67,648.23 $235.74 $0.00 $382.49 $68,266.46
173 $68,266.46 $235.74 $0.00 $385.99 $68,888.19
174 $68,888.19 $235.74 $0.00 $389.50 $69,513.43
175 $69,513.43 $235.74 $0.00 $393.04 $70,142.21
176 $70,142.21 $235.74 $0.00 $396.59 $70,774.54
177 $70,774.54 $235.74 $0.00 $400.17 $71,410.45
178 $71,410.45 $235.74 $0.00 $403.77 $72,049.96
179 $72,049.96 $235.74 $0.00 $407.38 $72,693.08
180 $72,693.08 $235.74 $0.00 $411.02 $73,339.84
181 $73,339.84 $235.74 $0.00 $414.67 $73,990.25
182 $73,990.25 $235.74 $0.00 $418.35 $74,644.34
183 $74,644.34 $235.74 $0.00 $422.05 $75,302.13
184 $75,302.13 $235.74 $0.00 $425.77 $75,963.64
185 $75,963.64 $235.74 $0.00 $429.51 $76,628.89
186 $76,628.89 $235.74 $0.00 $433.27 $77,297.90
187 $77,297.90 $235.74 $0.00 $437.05 $77,970.69
188 $77,970.69 $235.74 $0.00 $440.86 $78,647.29
189 $78,647.29 $235.74 $0.00 $444.68 $79,327.71
190 $79,327.71 $235.74 $0.00 $448.53 $80,011.98
191 $80,011.98 $235.74 $0.00 $452.40 $80,700.12
192 $80,700.12 $235.74 $0.00 $456.29 $81,392.15
193 $81,392.15 $235.74 $0.00 $460.20 $82,088.09
194 $82,088.09 $235.74 $0.00 $464.14 $82,787.97
195 $82,787.97 $235.74 $0.00 $468.10 $83,491.81
196 $83,491.81 $235.74 $0.00 $472.07 $84,199.62
197 $84,199.62 $235.74 $0.00 $476.08 $84,911.44
198 $84,911.44 $235.74 $0.00 $480.10 $85,627.28
199 $85,627.28 $235.74 $0.00 $484.15 $86,347.17
200 $86,347.17 $235.74 $0.00 $488.22 $87,071.13
201 $87,071.13 $235.74 $0.00 $492.31 $87,799.18
202 $87,799.18 $235.74 $0.00 $496.43 $88,531.35
203 $88,531.35 $235.74 $0.00 $500.57 $89,267.66
204 $89,267.66 $235.74 $0.00 $504.73 $90,008.13
205 $90,008.13 $235.74 $0.00 $508.92 $90,752.79
206 $90,752.79 $235.74 $0.00 $513.13 $91,501.66
207 $91,501.66 $235.74 $0.00 $517.36 $92,254.76
208 $92,254.76 $235.74 $0.00 $521.62 $93,012.12
209 $93,012.12 $235.74 $0.00 $525.90 $93,773.76
210 $93,773.76 $235.74 $0.00 $530.21 $94,539.71
211 $94,539.71 $235.74 $0.00 $534.54 $95,309.99
212 $95,309.99 $235.74 $0.00 $538.90 $96,084.63
213 $96,084.63 $235.74 $0.00 $543.28 $96,863.65
214 $96,863.65 $235.74 $0.00 $547.68 $97,647.07
215 $97,647.07 $235.74 $0.00 $552.11 $98,434.92
216 $98,434.92 $235.74 $0.00 $556.57 $99,227.23
217 $99,227.23 $235.74 $51,266.81 $561.05 $48,757.21
218 $48,757.21 $235.74 $0.00 $275.68 $49,268.63
219 $49,268.63 $235.74 $0.00 $278.57 $49,782.94
220 $49,782.94 $235.74 $0.00 $281.48 $50,300.16
221 $50,300.16 $235.74 $0.00 $284.40 $50,820.30
222 $50,820.30 $235.74 $0.00 $287.35 $51,343.39
223 $51,343.39 $235.74 $0.00 $290.30 $51,869.43
224 $51,869.43 $235.74 $0.00 $293.28 $52,398.45
225 $52,398.45 $235.74 $0.00 $296.27 $52,930.46
226 $52,930.46 $235.74 $0.00 $299.28 $53,465.48
227 $53,465.48 $235.74 $0.00 $302.30 $54,003.52
228 $54,003.52 $235.74 $0.00 $305.34 $54,544.60
229 $54,544.60 $0.00 $54,855.49 $308.40 -$2.49