Savings Plan and Future Cost Estimation for Lake Washington Institute of Technology

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$53,270
Monthly savings required$422

How much will it cost to send your child to Lake Washington Institute of Technology in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $213,078.67 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $421.67 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$20,542.00
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 $421.67 $0.00 $0.00 $421.67
2 $421.67 $421.67 $0.00 $2.38 $845.72
3 $845.72 $421.67 $0.00 $4.78 $1,272.17
4 $1,272.17 $421.67 $0.00 $7.19 $1,701.03
5 $1,701.03 $421.67 $0.00 $9.62 $2,132.32
6 $2,132.32 $421.67 $0.00 $12.06 $2,566.05
7 $2,566.05 $421.67 $0.00 $14.51 $3,002.23
8 $3,002.23 $421.67 $0.00 $16.98 $3,440.88
9 $3,440.88 $421.67 $0.00 $19.46 $3,882.01
10 $3,882.01 $421.67 $0.00 $21.95 $4,325.63
11 $4,325.63 $421.67 $0.00 $24.46 $4,771.76
12 $4,771.76 $421.67 $0.00 $26.98 $5,220.41
13 $5,220.41 $421.67 $0.00 $29.52 $5,671.60
14 $5,671.60 $421.67 $0.00 $32.07 $6,125.34
15 $6,125.34 $421.67 $0.00 $34.63 $6,581.64
16 $6,581.64 $421.67 $0.00 $37.21 $7,040.52
17 $7,040.52 $421.67 $0.00 $39.81 $7,502.00
18 $7,502.00 $421.67 $0.00 $42.42 $7,966.09
19 $7,966.09 $421.67 $0.00 $45.04 $8,432.80
20 $8,432.80 $421.67 $0.00 $47.68 $8,902.15
21 $8,902.15 $421.67 $0.00 $50.33 $9,374.15
22 $9,374.15 $421.67 $0.00 $53.00 $9,848.82
23 $9,848.82 $421.67 $0.00 $55.69 $10,326.18
24 $10,326.18 $421.67 $0.00 $58.39 $10,806.24
25 $10,806.24 $421.67 $0.00 $61.10 $11,289.01
26 $11,289.01 $421.67 $0.00 $63.83 $11,774.51
27 $11,774.51 $421.67 $0.00 $66.57 $12,262.75
28 $12,262.75 $421.67 $0.00 $69.34 $12,753.76
29 $12,753.76 $421.67 $0.00 $72.11 $13,247.54
30 $13,247.54 $421.67 $0.00 $74.90 $13,744.11
31 $13,744.11 $421.67 $0.00 $77.71 $14,243.49
32 $14,243.49 $421.67 $0.00 $80.53 $14,745.69
33 $14,745.69 $421.67 $0.00 $83.37 $15,250.73
34 $15,250.73 $421.67 $0.00 $86.23 $15,758.63
35 $15,758.63 $421.67 $0.00 $89.10 $16,269.40
36 $16,269.40 $421.67 $0.00 $91.99 $16,783.06
37 $16,783.06 $421.67 $0.00 $94.89 $17,299.62
38 $17,299.62 $421.67 $0.00 $97.81 $17,819.10
39 $17,819.10 $421.67 $0.00 $100.75 $18,341.52
40 $18,341.52 $421.67 $0.00 $103.71 $18,866.90
41 $18,866.90 $421.67 $0.00 $106.68 $19,395.25
42 $19,395.25 $421.67 $0.00 $109.66 $19,926.58
43 $19,926.58 $421.67 $0.00 $112.67 $20,460.92
44 $20,460.92 $421.67 $0.00 $115.69 $20,998.28
45 $20,998.28 $421.67 $0.00 $118.73 $21,538.68
46 $21,538.68 $421.67 $0.00 $121.78 $22,082.13
47 $22,082.13 $421.67 $0.00 $124.86 $22,628.66
48 $22,628.66 $421.67 $0.00 $127.95 $23,178.28
49 $23,178.28 $421.67 $0.00 $131.05 $23,731.00
50 $23,731.00 $421.67 $0.00 $134.18 $24,286.85
51 $24,286.85 $421.67 $0.00 $137.32 $24,845.84
52 $24,845.84 $421.67 $0.00 $140.48 $25,407.99
53 $25,407.99 $421.67 $0.00 $143.66 $25,973.32
54 $25,973.32 $421.67 $0.00 $146.86 $26,541.85
55 $26,541.85 $421.67 $0.00 $150.07 $27,113.59
56 $27,113.59 $421.67 $0.00 $153.30 $27,688.56
57 $27,688.56 $421.67 $0.00 $156.56 $28,266.79
58 $28,266.79 $421.67 $0.00 $159.82 $28,848.28
59 $28,848.28 $421.67 $0.00 $163.11 $29,433.06
60 $29,433.06 $421.67 $0.00 $166.42 $30,021.15
61 $30,021.15 $421.67 $0.00 $169.74 $30,612.56
62 $30,612.56 $421.67 $0.00 $173.09 $31,207.32
63 $31,207.32 $421.67 $0.00 $176.45 $31,805.44
64 $31,805.44 $421.67 $0.00 $179.83 $32,406.94
65 $32,406.94 $421.67 $0.00 $183.23 $33,011.84
66 $33,011.84 $421.67 $0.00 $186.65 $33,620.16
67 $33,620.16 $421.67 $0.00 $190.09 $34,231.92
68 $34,231.92 $421.67 $0.00 $193.55 $34,847.14
69 $34,847.14 $421.67 $0.00 $197.03 $35,465.84
70 $35,465.84 $421.67 $0.00 $200.53 $36,088.04
71 $36,088.04 $421.67 $0.00 $204.05 $36,713.76
72 $36,713.76 $421.67 $0.00 $207.58 $37,343.01
73 $37,343.01 $421.67 $0.00 $211.14 $37,975.82
74 $37,975.82 $421.67 $0.00 $214.72 $38,612.21
75 $38,612.21 $421.67 $0.00 $218.32 $39,252.20
76 $39,252.20 $421.67 $0.00 $221.94 $39,895.81
77 $39,895.81 $421.67 $0.00 $225.58 $40,543.06
78 $40,543.06 $421.67 $0.00 $229.24 $41,193.97
79 $41,193.97 $421.67 $0.00 $232.92 $41,848.56
80 $41,848.56 $421.67 $0.00 $236.62 $42,506.85
81 $42,506.85 $421.67 $0.00 $240.34 $43,168.86
82 $43,168.86 $421.67 $0.00 $244.08 $43,834.61
83 $43,834.61 $421.67 $0.00 $247.85 $44,504.13
84 $44,504.13 $421.67 $0.00 $251.63 $45,177.43
85 $45,177.43 $421.67 $0.00 $255.44 $45,854.54
86 $45,854.54 $421.67 $0.00 $259.27 $46,535.48
87 $46,535.48 $421.67 $0.00 $263.12 $47,220.27
88 $47,220.27 $421.67 $0.00 $266.99 $47,908.93
89 $47,908.93 $421.67 $0.00 $270.88 $48,601.48
90 $48,601.48 $421.67 $0.00 $274.80 $49,297.95
91 $49,297.95 $421.67 $0.00 $278.74 $49,998.36
92 $49,998.36 $421.67 $0.00 $282.70 $50,702.73
93 $50,702.73 $421.67 $0.00 $286.68 $51,411.08
94 $51,411.08 $421.67 $0.00 $290.69 $52,123.44
95 $52,123.44 $421.67 $0.00 $294.71 $52,839.82
96 $52,839.82 $421.67 $0.00 $298.76 $53,560.25
97 $53,560.25 $421.67 $0.00 $302.84 $54,284.76
98 $54,284.76 $421.67 $0.00 $306.93 $55,013.36
99 $55,013.36 $421.67 $0.00 $311.05 $55,746.08
100 $55,746.08 $421.67 $0.00 $315.20 $56,482.95
101 $56,482.95 $421.67 $0.00 $319.36 $57,223.98
102 $57,223.98 $421.67 $0.00 $323.55 $57,969.20
103 $57,969.20 $421.67 $0.00 $327.77 $58,718.64
104 $58,718.64 $421.67 $0.00 $332.00 $59,472.31
105 $59,472.31 $421.67 $0.00 $336.27 $60,230.25
106 $60,230.25 $421.67 $0.00 $340.55 $60,992.47
107 $60,992.47 $421.67 $0.00 $344.86 $61,759.00
108 $61,759.00 $421.67 $0.00 $349.19 $62,529.86
109 $62,529.86 $421.67 $0.00 $353.55 $63,305.08
110 $63,305.08 $421.67 $0.00 $357.94 $64,084.69
111 $64,084.69 $421.67 $0.00 $362.34 $64,868.70
112 $64,868.70 $421.67 $0.00 $366.78 $65,657.15
113 $65,657.15 $421.67 $0.00 $371.24 $66,450.06
114 $66,450.06 $421.67 $0.00 $375.72 $67,247.45
115 $67,247.45 $421.67 $0.00 $380.23 $68,049.35
116 $68,049.35 $421.67 $0.00 $384.76 $68,855.78
117 $68,855.78 $421.67 $0.00 $389.32 $69,666.77
118 $69,666.77 $421.67 $0.00 $393.91 $70,482.35
119 $70,482.35 $421.67 $0.00 $398.52 $71,302.54
120 $71,302.54 $421.67 $0.00 $403.15 $72,127.36
121 $72,127.36 $421.67 $0.00 $407.82 $72,956.85
122 $72,956.85 $421.67 $0.00 $412.51 $73,791.03
123 $73,791.03 $421.67 $0.00 $417.23 $74,629.93
124 $74,629.93 $421.67 $0.00 $421.97 $75,473.57
125 $75,473.57 $421.67 $0.00 $426.74 $76,321.98
126 $76,321.98 $421.67 $0.00 $431.54 $77,175.19
127 $77,175.19 $421.67 $0.00 $436.36 $78,033.22
128 $78,033.22 $421.67 $0.00 $441.21 $78,896.10
129 $78,896.10 $421.67 $0.00 $446.09 $79,763.86
130 $79,763.86 $421.67 $0.00 $451.00 $80,636.53
131 $80,636.53 $421.67 $0.00 $455.93 $81,514.13
132 $81,514.13 $421.67 $0.00 $460.89 $82,396.69
133 $82,396.69 $421.67 $0.00 $465.88 $83,284.24
134 $83,284.24 $421.67 $0.00 $470.90 $84,176.81
135 $84,176.81 $421.67 $0.00 $475.95 $85,074.43
136 $85,074.43 $421.67 $0.00 $481.02 $85,977.12
137 $85,977.12 $421.67 $0.00 $486.13 $86,884.92
138 $86,884.92 $421.67 $0.00 $491.26 $87,797.85
139 $87,797.85 $421.67 $0.00 $496.42 $88,715.94
140 $88,715.94 $421.67 $0.00 $501.61 $89,639.22
141 $89,639.22 $421.67 $0.00 $506.83 $90,567.72
142 $90,567.72 $421.67 $0.00 $512.08 $91,501.47
143 $91,501.47 $421.67 $0.00 $517.36 $92,440.50
144 $92,440.50 $421.67 $0.00 $522.67 $93,384.84
145 $93,384.84 $421.67 $0.00 $528.01 $94,334.52
146 $94,334.52 $421.67 $0.00 $533.38 $95,289.57
147 $95,289.57 $421.67 $0.00 $538.78 $96,250.02
148 $96,250.02 $421.67 $0.00 $544.21 $97,215.90
149 $97,215.90 $421.67 $0.00 $549.67 $98,187.24
150 $98,187.24 $421.67 $0.00 $555.16 $99,164.07
151 $99,164.07 $421.67 $0.00 $560.69 $100,146.43
152 $100,146.43 $421.67 $0.00 $566.24 $101,134.34
153 $101,134.34 $421.67 $0.00 $571.83 $102,127.84
154 $102,127.84 $421.67 $0.00 $577.45 $103,126.96
155 $103,126.96 $421.67 $0.00 $583.09 $104,131.72
156 $104,131.72 $421.67 $0.00 $588.78 $105,142.17
157 $105,142.17 $421.67 $0.00 $594.49 $106,158.33
158 $106,158.33 $421.67 $0.00 $600.23 $107,180.23
159 $107,180.23 $421.67 $0.00 $606.01 $108,207.91
160 $108,207.91 $421.67 $0.00 $611.82 $109,241.40
161 $109,241.40 $421.67 $0.00 $617.67 $110,280.74
162 $110,280.74 $421.67 $0.00 $623.54 $111,325.95
163 $111,325.95 $421.67 $0.00 $629.45 $112,377.07
164 $112,377.07 $421.67 $0.00 $635.40 $113,434.14
165 $113,434.14 $421.67 $0.00 $641.37 $114,497.18
166 $114,497.18 $421.67 $0.00 $647.38 $115,566.23
167 $115,566.23 $421.67 $0.00 $653.43 $116,641.33
168 $116,641.33 $421.67 $0.00 $659.51 $117,722.51
169 $117,722.51 $421.67 $0.00 $665.62 $118,809.80
170 $118,809.80 $421.67 $0.00 $671.77 $119,903.24
171 $119,903.24 $421.67 $0.00 $677.95 $121,002.86
172 $121,002.86 $421.67 $0.00 $684.17 $122,108.70
173 $122,108.70 $421.67 $0.00 $690.42 $123,220.79
174 $123,220.79 $421.67 $0.00 $696.71 $124,339.17
175 $124,339.17 $421.67 $0.00 $703.03 $125,463.87
176 $125,463.87 $421.67 $0.00 $709.39 $126,594.93
177 $126,594.93 $421.67 $0.00 $715.79 $127,732.39
178 $127,732.39 $421.67 $0.00 $722.22 $128,876.28
179 $128,876.28 $421.67 $0.00 $728.69 $130,026.64
180 $130,026.64 $421.67 $0.00 $735.19 $131,183.50
181 $131,183.50 $421.67 $0.00 $741.73 $132,346.90
182 $132,346.90 $421.67 $0.00 $748.31 $133,516.88
183 $133,516.88 $421.67 $0.00 $754.92 $134,693.47
184 $134,693.47 $421.67 $0.00 $761.58 $135,876.72
185 $135,876.72 $421.67 $0.00 $768.27 $137,066.66
186 $137,066.66 $421.67 $0.00 $774.99 $138,263.32
187 $138,263.32 $421.67 $0.00 $781.76 $139,466.75
188 $139,466.75 $421.67 $0.00 $788.57 $140,676.99
189 $140,676.99 $421.67 $0.00 $795.41 $141,894.07
190 $141,894.07 $421.67 $0.00 $802.29 $143,118.03
191 $143,118.03 $421.67 $0.00 $809.21 $144,348.91
192 $144,348.91 $421.67 $0.00 $816.17 $145,586.75
193 $145,586.75 $421.67 $0.00 $823.17 $146,831.59
194 $146,831.59 $421.67 $0.00 $830.21 $148,083.47
195 $148,083.47 $421.67 $0.00 $837.29 $149,342.43
196 $149,342.43 $421.67 $0.00 $844.40 $150,608.50
197 $150,608.50 $421.67 $0.00 $851.56 $151,881.73
198 $151,881.73 $421.67 $0.00 $858.76 $153,162.16
199 $153,162.16 $421.67 $0.00 $866.00 $154,449.83
200 $154,449.83 $421.67 $0.00 $873.28 $155,744.78
201 $155,744.78 $421.67 $0.00 $880.60 $157,047.05
202 $157,047.05 $421.67 $0.00 $887.97 $158,356.69
203 $158,356.69 $421.67 $0.00 $895.37 $159,673.73
204 $159,673.73 $421.67 $0.00 $902.82 $160,998.22
205 $160,998.22 $421.67 $0.00 $910.31 $162,330.20
206 $162,330.20 $421.67 $0.00 $917.84 $163,669.71
207 $163,669.71 $421.67 $0.00 $925.41 $165,016.79
208 $165,016.79 $421.67 $0.00 $933.03 $166,371.49
209 $166,371.49 $421.67 $0.00 $940.69 $167,733.85
210 $167,733.85 $421.67 $0.00 $948.39 $169,103.91
211 $169,103.91 $421.67 $0.00 $956.14 $170,481.72
212 $170,481.72 $421.67 $0.00 $963.93 $171,867.32
213 $171,867.32 $421.67 $0.00 $971.76 $173,260.75
214 $173,260.75 $421.67 $0.00 $979.64 $174,662.06
215 $174,662.06 $421.67 $0.00 $987.56 $176,071.29
216 $176,071.29 $421.67 $0.00 $995.53 $177,488.49
217 $177,488.49 $421.67 $49,436.77 $1,003.55 $129,476.94
218 $129,476.94 $421.67 $0.00 $732.08 $130,630.69
219 $130,630.69 $421.67 $0.00 $738.60 $131,790.96
220 $131,790.96 $421.67 $0.00 $745.17 $132,957.80
221 $132,957.80 $421.67 $0.00 $751.76 $134,131.23
222 $134,131.23 $421.67 $0.00 $758.40 $135,311.30
223 $135,311.30 $421.67 $0.00 $765.07 $136,498.04
224 $136,498.04 $421.67 $0.00 $771.78 $137,691.49
225 $137,691.49 $421.67 $0.00 $778.53 $138,891.69
226 $138,891.69 $421.67 $0.00 $785.31 $140,098.67
227 $140,098.67 $421.67 $0.00 $792.14 $141,312.48
228 $141,312.48 $421.67 $0.00 $799.00 $142,533.15
229 $142,533.15 $421.67 $51,908.61 $805.90 $91,852.11
230 $91,852.11 $421.67 $0.00 $519.35 $92,793.13
231 $92,793.13 $421.67 $0.00 $524.67 $93,739.47
232 $93,739.47 $421.67 $0.00 $530.02 $94,691.16
233 $94,691.16 $421.67 $0.00 $535.40 $95,648.23
234 $95,648.23 $421.67 $0.00 $540.81 $96,610.71
235 $96,610.71 $421.67 $0.00 $546.25 $97,578.63
236 $97,578.63 $421.67 $0.00 $551.72 $98,552.02
237 $98,552.02 $421.67 $0.00 $557.23 $99,530.92
238 $99,530.92 $421.67 $0.00 $562.76 $100,515.35
239 $100,515.35 $421.67 $0.00 $568.33 $101,505.35
240 $101,505.35 $421.67 $0.00 $573.93 $102,500.95
241 $102,500.95 $421.67 $54,504.04 $579.56 $48,998.14
242 $48,998.14 $421.67 $0.00 $277.04 $49,696.85
243 $49,696.85 $421.67 $0.00 $280.99 $50,399.51
244 $50,399.51 $421.67 $0.00 $284.97 $51,106.15
245 $51,106.15 $421.67 $0.00 $288.96 $51,816.78
246 $51,816.78 $421.67 $0.00 $292.98 $52,531.43
247 $52,531.43 $421.67 $0.00 $297.02 $53,250.12
248 $53,250.12 $421.67 $0.00 $301.08 $53,972.87
249 $53,972.87 $421.67 $0.00 $305.17 $54,699.71
250 $54,699.71 $421.67 $0.00 $309.28 $55,430.66
251 $55,430.66 $421.67 $0.00 $313.41 $56,165.74
252 $56,165.74 $421.67 $0.00 $317.57 $56,904.98
253 $56,904.98 $0.00 $57,229.24 $321.75 ($2.51)