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 2040$53,013
Monthly savings required$420

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 $212,051.76 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $419.64 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$20,443.00
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 $419.64 $0.00 $0.00 $419.64
2 $419.64 $419.64 $0.00 $2.37 $841.65
3 $841.65 $419.64 $0.00 $4.76 $1,266.05
4 $1,266.05 $419.64 $0.00 $7.16 $1,692.85
5 $1,692.85 $419.64 $0.00 $9.57 $2,122.06
6 $2,122.06 $419.64 $0.00 $12.00 $2,553.70
7 $2,553.70 $419.64 $0.00 $14.44 $2,987.78
8 $2,987.78 $419.64 $0.00 $16.89 $3,424.31
9 $3,424.31 $419.64 $0.00 $19.36 $3,863.31
10 $3,863.31 $419.64 $0.00 $21.84 $4,304.79
11 $4,304.79 $419.64 $0.00 $24.34 $4,748.77
12 $4,748.77 $419.64 $0.00 $26.85 $5,195.26
13 $5,195.26 $419.64 $0.00 $29.37 $5,644.27
14 $5,644.27 $419.64 $0.00 $31.91 $6,095.82
15 $6,095.82 $419.64 $0.00 $34.47 $6,549.93
16 $6,549.93 $419.64 $0.00 $37.03 $7,006.60
17 $7,006.60 $419.64 $0.00 $39.62 $7,465.86
18 $7,465.86 $419.64 $0.00 $42.21 $7,927.71
19 $7,927.71 $419.64 $0.00 $44.82 $8,392.17
20 $8,392.17 $419.64 $0.00 $47.45 $8,859.26
21 $8,859.26 $419.64 $0.00 $50.09 $9,328.99
22 $9,328.99 $419.64 $0.00 $52.75 $9,801.38
23 $9,801.38 $419.64 $0.00 $55.42 $10,276.44
24 $10,276.44 $419.64 $0.00 $58.10 $10,754.18
25 $10,754.18 $419.64 $0.00 $60.81 $11,234.63
26 $11,234.63 $419.64 $0.00 $63.52 $11,717.79
27 $11,717.79 $419.64 $0.00 $66.25 $12,203.68
28 $12,203.68 $419.64 $0.00 $69.00 $12,692.32
29 $12,692.32 $419.64 $0.00 $71.76 $13,183.72
30 $13,183.72 $419.64 $0.00 $74.54 $13,677.90
31 $13,677.90 $419.64 $0.00 $77.34 $14,174.88
32 $14,174.88 $419.64 $0.00 $80.15 $14,674.67
33 $14,674.67 $419.64 $0.00 $82.97 $15,177.28
34 $15,177.28 $419.64 $0.00 $85.81 $15,682.73
35 $15,682.73 $419.64 $0.00 $88.67 $16,191.04
36 $16,191.04 $419.64 $0.00 $91.55 $16,702.23
37 $16,702.23 $419.64 $0.00 $94.44 $17,216.31
38 $17,216.31 $419.64 $0.00 $97.34 $17,733.29
39 $17,733.29 $419.64 $0.00 $100.27 $18,253.20
40 $18,253.20 $419.64 $0.00 $103.21 $18,776.05
41 $18,776.05 $419.64 $0.00 $106.16 $19,301.85
42 $19,301.85 $419.64 $0.00 $109.14 $19,830.63
43 $19,830.63 $419.64 $0.00 $112.13 $20,362.40
44 $20,362.40 $419.64 $0.00 $115.13 $20,897.17
45 $20,897.17 $419.64 $0.00 $118.16 $21,434.97
46 $21,434.97 $419.64 $0.00 $121.20 $21,975.81
47 $21,975.81 $419.64 $0.00 $124.25 $22,519.70
48 $22,519.70 $419.64 $0.00 $127.33 $23,066.67
49 $23,066.67 $419.64 $0.00 $130.42 $23,616.73
50 $23,616.73 $419.64 $0.00 $133.53 $24,169.90
51 $24,169.90 $419.64 $0.00 $136.66 $24,726.20
52 $24,726.20 $419.64 $0.00 $139.81 $25,285.65
53 $25,285.65 $419.64 $0.00 $142.97 $25,848.26
54 $25,848.26 $419.64 $0.00 $146.15 $26,414.05
55 $26,414.05 $419.64 $0.00 $149.35 $26,983.04
56 $26,983.04 $419.64 $0.00 $152.57 $27,555.25
57 $27,555.25 $419.64 $0.00 $155.80 $28,130.69
58 $28,130.69 $419.64 $0.00 $159.06 $28,709.39
59 $28,709.39 $419.64 $0.00 $162.33 $29,291.36
60 $29,291.36 $419.64 $0.00 $165.62 $29,876.62
61 $29,876.62 $419.64 $0.00 $168.93 $30,465.19
62 $30,465.19 $419.64 $0.00 $172.25 $31,057.08
63 $31,057.08 $419.64 $0.00 $175.60 $31,652.32
64 $31,652.32 $419.64 $0.00 $178.97 $32,250.93
65 $32,250.93 $419.64 $0.00 $182.35 $32,852.92
66 $32,852.92 $419.64 $0.00 $185.76 $33,458.32
67 $33,458.32 $419.64 $0.00 $189.18 $34,067.14
68 $34,067.14 $419.64 $0.00 $192.62 $34,679.40
69 $34,679.40 $419.64 $0.00 $196.08 $35,295.12
70 $35,295.12 $419.64 $0.00 $199.56 $35,914.32
71 $35,914.32 $419.64 $0.00 $203.06 $36,537.02
72 $36,537.02 $419.64 $0.00 $206.59 $37,163.25
73 $37,163.25 $419.64 $0.00 $210.13 $37,793.02
74 $37,793.02 $419.64 $0.00 $213.69 $38,426.35
75 $38,426.35 $419.64 $0.00 $217.27 $39,063.26
76 $39,063.26 $419.64 $0.00 $220.87 $39,703.77
77 $39,703.77 $419.64 $0.00 $224.49 $40,347.90
78 $40,347.90 $419.64 $0.00 $228.13 $40,995.67
79 $40,995.67 $419.64 $0.00 $231.80 $41,647.11
80 $41,647.11 $419.64 $0.00 $235.48 $42,302.23
81 $42,302.23 $419.64 $0.00 $239.18 $42,961.05
82 $42,961.05 $419.64 $0.00 $242.91 $43,623.60
83 $43,623.60 $419.64 $0.00 $246.65 $44,289.89
84 $44,289.89 $419.64 $0.00 $250.42 $44,959.95
85 $44,959.95 $419.64 $0.00 $254.21 $45,633.80
86 $45,633.80 $419.64 $0.00 $258.02 $46,311.46
87 $46,311.46 $419.64 $0.00 $261.85 $46,992.95
88 $46,992.95 $419.64 $0.00 $265.70 $47,678.29
89 $47,678.29 $419.64 $0.00 $269.58 $48,367.51
90 $48,367.51 $419.64 $0.00 $273.48 $49,060.63
91 $49,060.63 $419.64 $0.00 $277.40 $49,757.67
92 $49,757.67 $419.64 $0.00 $281.34 $50,458.65
93 $50,458.65 $419.64 $0.00 $285.30 $51,163.59
94 $51,163.59 $419.64 $0.00 $289.29 $51,872.52
95 $51,872.52 $419.64 $0.00 $293.29 $52,585.45
96 $52,585.45 $419.64 $0.00 $297.33 $53,302.42
97 $53,302.42 $419.64 $0.00 $301.38 $54,023.44
98 $54,023.44 $419.64 $0.00 $305.46 $54,748.54
99 $54,748.54 $419.64 $0.00 $309.56 $55,477.74
100 $55,477.74 $419.64 $0.00 $313.68 $56,211.06
101 $56,211.06 $419.64 $0.00 $317.83 $56,948.53
102 $56,948.53 $419.64 $0.00 $322.00 $57,690.17
103 $57,690.17 $419.64 $0.00 $326.19 $58,436.00
104 $58,436.00 $419.64 $0.00 $330.41 $59,186.05
105 $59,186.05 $419.64 $0.00 $334.65 $59,940.34
106 $59,940.34 $419.64 $0.00 $338.91 $60,698.89
107 $60,698.89 $419.64 $0.00 $343.20 $61,461.73
108 $61,461.73 $419.64 $0.00 $347.51 $62,228.88
109 $62,228.88 $419.64 $0.00 $351.85 $63,000.37
110 $63,000.37 $419.64 $0.00 $356.21 $63,776.22
111 $63,776.22 $419.64 $0.00 $360.60 $64,556.46
112 $64,556.46 $419.64 $0.00 $365.01 $65,341.11
113 $65,341.11 $419.64 $0.00 $369.45 $66,130.20
114 $66,130.20 $419.64 $0.00 $373.91 $66,923.75
115 $66,923.75 $419.64 $0.00 $378.40 $67,721.79
116 $67,721.79 $419.64 $0.00 $382.91 $68,524.34
117 $68,524.34 $419.64 $0.00 $387.45 $69,331.43
118 $69,331.43 $419.64 $0.00 $392.01 $70,143.08
119 $70,143.08 $419.64 $0.00 $396.60 $70,959.32
120 $70,959.32 $419.64 $0.00 $401.21 $71,780.17
121 $71,780.17 $419.64 $0.00 $405.86 $72,605.67
122 $72,605.67 $419.64 $0.00 $410.52 $73,435.83
123 $73,435.83 $419.64 $0.00 $415.22 $74,270.69
124 $74,270.69 $419.64 $0.00 $419.94 $75,110.27
125 $75,110.27 $419.64 $0.00 $424.68 $75,954.59
126 $75,954.59 $419.64 $0.00 $429.46 $76,803.69
127 $76,803.69 $419.64 $0.00 $434.26 $77,657.59
128 $77,657.59 $419.64 $0.00 $439.09 $78,516.32
129 $78,516.32 $419.64 $0.00 $443.94 $79,379.90
130 $79,379.90 $419.64 $0.00 $448.83 $80,248.37
131 $80,248.37 $419.64 $0.00 $453.74 $81,121.75
132 $81,121.75 $419.64 $0.00 $458.67 $82,000.06
133 $82,000.06 $419.64 $0.00 $463.64 $82,883.34
134 $82,883.34 $419.64 $0.00 $468.63 $83,771.61
135 $83,771.61 $419.64 $0.00 $473.66 $84,664.91
136 $84,664.91 $419.64 $0.00 $478.71 $85,563.26
137 $85,563.26 $419.64 $0.00 $483.79 $86,466.69
138 $86,466.69 $419.64 $0.00 $488.90 $87,375.23
139 $87,375.23 $419.64 $0.00 $494.03 $88,288.90
140 $88,288.90 $419.64 $0.00 $499.20 $89,207.74
141 $89,207.74 $419.64 $0.00 $504.39 $90,131.77
142 $90,131.77 $419.64 $0.00 $509.62 $91,061.03
143 $91,061.03 $419.64 $0.00 $514.87 $91,995.54
144 $91,995.54 $419.64 $0.00 $520.16 $92,935.34
145 $92,935.34 $419.64 $0.00 $525.47 $93,880.45
146 $93,880.45 $419.64 $0.00 $530.81 $94,830.90
147 $94,830.90 $419.64 $0.00 $536.19 $95,786.73
148 $95,786.73 $419.64 $0.00 $541.59 $96,747.96
149 $96,747.96 $419.64 $0.00 $547.03 $97,714.63
150 $97,714.63 $419.64 $0.00 $552.49 $98,686.76
151 $98,686.76 $419.64 $0.00 $557.99 $99,664.39
152 $99,664.39 $419.64 $0.00 $563.52 $100,647.55
153 $100,647.55 $419.64 $0.00 $569.08 $101,636.27
154 $101,636.27 $419.64 $0.00 $574.67 $102,630.58
155 $102,630.58 $419.64 $0.00 $580.29 $103,630.51
156 $103,630.51 $419.64 $0.00 $585.94 $104,636.09
157 $104,636.09 $419.64 $0.00 $591.63 $105,647.36
158 $105,647.36 $419.64 $0.00 $597.35 $106,664.35
159 $106,664.35 $419.64 $0.00 $603.10 $107,687.09
160 $107,687.09 $419.64 $0.00 $608.88 $108,715.61
161 $108,715.61 $419.64 $0.00 $614.69 $109,749.94
162 $109,749.94 $419.64 $0.00 $620.54 $110,790.12
163 $110,790.12 $419.64 $0.00 $626.42 $111,836.18
164 $111,836.18 $419.64 $0.00 $632.34 $112,888.16
165 $112,888.16 $419.64 $0.00 $638.29 $113,946.09
166 $113,946.09 $419.64 $0.00 $644.27 $115,010.00
167 $115,010.00 $419.64 $0.00 $650.28 $116,079.92
168 $116,079.92 $419.64 $0.00 $656.33 $117,155.89
169 $117,155.89 $419.64 $0.00 $662.42 $118,237.95
170 $118,237.95 $419.64 $0.00 $668.53 $119,326.12
171 $119,326.12 $419.64 $0.00 $674.69 $120,420.45
172 $120,420.45 $419.64 $0.00 $680.87 $121,520.96
173 $121,520.96 $419.64 $0.00 $687.10 $122,627.70
174 $122,627.70 $419.64 $0.00 $693.35 $123,740.69
175 $123,740.69 $419.64 $0.00 $699.65 $124,859.98
176 $124,859.98 $419.64 $0.00 $705.98 $125,985.60
177 $125,985.60 $419.64 $0.00 $712.34 $127,117.58
178 $127,117.58 $419.64 $0.00 $718.74 $128,255.96
179 $128,255.96 $419.64 $0.00 $725.18 $129,400.78
180 $129,400.78 $419.64 $0.00 $731.65 $130,552.07
181 $130,552.07 $419.64 $0.00 $738.16 $131,709.87
182 $131,709.87 $419.64 $0.00 $744.71 $132,874.22
183 $132,874.22 $419.64 $0.00 $751.29 $134,045.15
184 $134,045.15 $419.64 $0.00 $757.91 $135,222.70
185 $135,222.70 $419.64 $0.00 $764.57 $136,406.91
186 $136,406.91 $419.64 $0.00 $771.26 $137,597.81
187 $137,597.81 $419.64 $0.00 $778.00 $138,795.45
188 $138,795.45 $419.64 $0.00 $784.77 $139,999.86
189 $139,999.86 $419.64 $0.00 $791.58 $141,211.08
190 $141,211.08 $419.64 $0.00 $798.43 $142,429.15
191 $142,429.15 $419.64 $0.00 $805.32 $143,654.11
192 $143,654.11 $419.64 $0.00 $812.24 $144,885.99
193 $144,885.99 $419.64 $0.00 $819.21 $146,124.84
194 $146,124.84 $419.64 $0.00 $826.21 $147,370.69
195 $147,370.69 $419.64 $0.00 $833.26 $148,623.59
196 $148,623.59 $419.64 $0.00 $840.34 $149,883.57
197 $149,883.57 $419.64 $0.00 $847.46 $151,150.67
198 $151,150.67 $419.64 $0.00 $854.63 $152,424.94
199 $152,424.94 $419.64 $0.00 $861.83 $153,706.41
200 $153,706.41 $419.64 $0.00 $869.08 $154,995.13
201 $154,995.13 $419.64 $0.00 $876.36 $156,291.13
202 $156,291.13 $419.64 $0.00 $883.69 $157,594.46
203 $157,594.46 $419.64 $0.00 $891.06 $158,905.16
204 $158,905.16 $419.64 $0.00 $898.47 $160,223.27
205 $160,223.27 $419.64 $0.00 $905.93 $161,548.84
206 $161,548.84 $419.64 $0.00 $913.42 $162,881.90
207 $162,881.90 $419.64 $0.00 $920.96 $164,222.50
208 $164,222.50 $419.64 $0.00 $928.54 $165,570.68
209 $165,570.68 $419.64 $0.00 $936.16 $166,926.48
210 $166,926.48 $419.64 $0.00 $943.83 $168,289.95
211 $168,289.95 $419.64 $0.00 $951.54 $169,661.13
212 $169,661.13 $419.64 $0.00 $959.29 $171,040.06
213 $171,040.06 $419.64 $0.00 $967.09 $172,426.79
214 $172,426.79 $419.64 $0.00 $974.93 $173,821.36
215 $173,821.36 $419.64 $0.00 $982.81 $175,223.81
216 $175,223.81 $419.64 $0.00 $990.74 $176,634.19
217 $176,634.19 $419.64 $49,198.52 $998.72 $128,854.03
218 $128,854.03 $419.64 $0.00 $728.56 $130,002.23
219 $130,002.23 $419.64 $0.00 $735.05 $131,156.92
220 $131,156.92 $419.64 $0.00 $741.58 $132,318.14
221 $132,318.14 $419.64 $0.00 $748.15 $133,485.93
222 $133,485.93 $419.64 $0.00 $754.75 $134,660.32
223 $134,660.32 $419.64 $0.00 $761.39 $135,841.35
224 $135,841.35 $419.64 $0.00 $768.07 $137,029.06
225 $137,029.06 $419.64 $0.00 $774.78 $138,223.48
226 $138,223.48 $419.64 $0.00 $781.54 $139,424.66
227 $139,424.66 $419.64 $0.00 $788.33 $140,632.63
228 $140,632.63 $419.64 $0.00 $795.16 $141,847.43
229 $141,847.43 $419.64 $51,658.44 $802.03 $91,410.66
230 $91,410.66 $419.64 $0.00 $516.85 $92,347.15
231 $92,347.15 $419.64 $0.00 $522.14 $93,288.93
232 $93,288.93 $419.64 $0.00 $527.47 $94,236.04
233 $94,236.04 $419.64 $0.00 $532.82 $95,188.50
234 $95,188.50 $419.64 $0.00 $538.21 $96,146.35
235 $96,146.35 $419.64 $0.00 $543.63 $97,109.62
236 $97,109.62 $419.64 $0.00 $549.07 $98,078.33
237 $98,078.33 $419.64 $0.00 $554.55 $99,052.52
238 $99,052.52 $419.64 $0.00 $560.06 $100,032.22
239 $100,032.22 $419.64 $0.00 $565.60 $101,017.46
240 $101,017.46 $419.64 $0.00 $571.17 $102,008.27
241 $102,008.27 $419.64 $54,241.36 $576.77 $48,763.32
242 $48,763.32 $419.64 $0.00 $275.71 $49,458.67
243 $49,458.67 $419.64 $0.00 $279.65 $50,157.96
244 $50,157.96 $419.64 $0.00 $283.60 $50,861.20
245 $50,861.20 $419.64 $0.00 $287.58 $51,568.42
246 $51,568.42 $419.64 $0.00 $291.58 $52,279.64
247 $52,279.64 $419.64 $0.00 $295.60 $52,994.88
248 $52,994.88 $419.64 $0.00 $299.64 $53,714.16
249 $53,714.16 $419.64 $0.00 $303.71 $54,437.51
250 $54,437.51 $419.64 $0.00 $307.80 $55,164.95
251 $55,164.95 $419.64 $0.00 $311.91 $55,896.50
252 $55,896.50 $419.64 $0.00 $316.05 $56,632.19
253 $56,632.19 $0.00 $56,953.43 $320.21 ($1.03)