Savings Plan and Future Cost Estimation for Lakeland University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$117,885
Monthly savings required$933

How much will it cost to send your child to Lakeland University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $471,538.47 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $933.15 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$45,459.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $933.15 $0.00 $0.00 $933.15
2 $933.15 $933.15 $0.00 $5.28 $1,871.58
3 $1,871.58 $933.15 $0.00 $10.58 $2,815.31
4 $2,815.31 $933.15 $0.00 $15.92 $3,764.38
5 $3,764.38 $933.15 $0.00 $21.28 $4,718.81
6 $4,718.81 $933.15 $0.00 $26.68 $5,678.64
7 $5,678.64 $933.15 $0.00 $32.11 $6,643.90
8 $6,643.90 $933.15 $0.00 $37.57 $7,614.62
9 $7,614.62 $933.15 $0.00 $43.05 $8,590.82
10 $8,590.82 $933.15 $0.00 $48.57 $9,572.54
11 $9,572.54 $933.15 $0.00 $54.12 $10,559.81
12 $10,559.81 $933.15 $0.00 $59.71 $11,552.67
13 $11,552.67 $933.15 $0.00 $65.32 $12,551.14
14 $12,551.14 $933.15 $0.00 $70.97 $13,555.26
15 $13,555.26 $933.15 $0.00 $76.64 $14,565.05
16 $14,565.05 $933.15 $0.00 $82.35 $15,580.55
17 $15,580.55 $933.15 $0.00 $88.09 $16,601.79
18 $16,601.79 $933.15 $0.00 $93.87 $17,628.81
19 $17,628.81 $933.15 $0.00 $99.68 $18,661.64
20 $18,661.64 $933.15 $0.00 $105.52 $19,700.31
21 $19,700.31 $933.15 $0.00 $111.39 $20,744.85
22 $20,744.85 $933.15 $0.00 $117.29 $21,795.29
23 $21,795.29 $933.15 $0.00 $123.23 $22,851.67
24 $22,851.67 $933.15 $0.00 $129.21 $23,914.03
25 $23,914.03 $933.15 $0.00 $135.21 $24,982.39
26 $24,982.39 $933.15 $0.00 $141.25 $26,056.79
27 $26,056.79 $933.15 $0.00 $147.33 $27,137.27
28 $27,137.27 $933.15 $0.00 $153.44 $28,223.86
29 $28,223.86 $933.15 $0.00 $159.58 $29,316.59
30 $29,316.59 $933.15 $0.00 $165.76 $30,415.50
31 $30,415.50 $933.15 $0.00 $171.97 $31,520.62
32 $31,520.62 $933.15 $0.00 $178.22 $32,631.99
33 $32,631.99 $933.15 $0.00 $184.51 $33,749.65
34 $33,749.65 $933.15 $0.00 $190.83 $34,873.63
35 $34,873.63 $933.15 $0.00 $197.18 $36,003.96
36 $36,003.96 $933.15 $0.00 $203.57 $37,140.68
37 $37,140.68 $933.15 $0.00 $210.00 $38,283.83
38 $38,283.83 $933.15 $0.00 $216.46 $39,433.44
39 $39,433.44 $933.15 $0.00 $222.96 $40,589.55
40 $40,589.55 $933.15 $0.00 $229.50 $41,752.20
41 $41,752.20 $933.15 $0.00 $236.07 $42,921.42
42 $42,921.42 $933.15 $0.00 $242.68 $44,097.25
43 $44,097.25 $933.15 $0.00 $249.33 $45,279.73
44 $45,279.73 $933.15 $0.00 $256.02 $46,468.90
45 $46,468.90 $933.15 $0.00 $262.74 $47,664.79
46 $47,664.79 $933.15 $0.00 $269.50 $48,867.44
47 $48,867.44 $933.15 $0.00 $276.30 $50,076.89
48 $50,076.89 $933.15 $0.00 $283.14 $51,293.18
49 $51,293.18 $933.15 $0.00 $290.02 $52,516.35
50 $52,516.35 $933.15 $0.00 $296.94 $53,746.44
51 $53,746.44 $933.15 $0.00 $303.89 $54,983.48
52 $54,983.48 $933.15 $0.00 $310.88 $56,227.51
53 $56,227.51 $933.15 $0.00 $317.92 $57,478.58
54 $57,478.58 $933.15 $0.00 $324.99 $58,736.72
55 $58,736.72 $933.15 $0.00 $332.11 $60,001.98
56 $60,001.98 $933.15 $0.00 $339.26 $61,274.39
57 $61,274.39 $933.15 $0.00 $346.45 $62,553.99
58 $62,553.99 $933.15 $0.00 $353.69 $63,840.83
59 $63,840.83 $933.15 $0.00 $360.97 $65,134.95
60 $65,134.95 $933.15 $0.00 $368.28 $66,436.38
61 $66,436.38 $933.15 $0.00 $375.64 $67,745.17
62 $67,745.17 $933.15 $0.00 $383.04 $69,061.36
63 $69,061.36 $933.15 $0.00 $390.48 $70,384.99
64 $70,384.99 $933.15 $0.00 $397.97 $71,716.11
65 $71,716.11 $933.15 $0.00 $405.49 $73,054.75
66 $73,054.75 $933.15 $0.00 $413.06 $74,400.96
67 $74,400.96 $933.15 $0.00 $420.67 $75,754.78
68 $75,754.78 $933.15 $0.00 $428.33 $77,116.26
69 $77,116.26 $933.15 $0.00 $436.03 $78,485.44
70 $78,485.44 $933.15 $0.00 $443.77 $79,862.36
71 $79,862.36 $933.15 $0.00 $451.55 $81,247.06
72 $81,247.06 $933.15 $0.00 $459.38 $82,639.59
73 $82,639.59 $933.15 $0.00 $467.26 $84,040.00
74 $84,040.00 $933.15 $0.00 $475.17 $85,448.32
75 $85,448.32 $933.15 $0.00 $483.14 $86,864.61
76 $86,864.61 $933.15 $0.00 $491.15 $88,288.91
77 $88,288.91 $933.15 $0.00 $499.20 $89,721.26
78 $89,721.26 $933.15 $0.00 $507.30 $91,161.71
79 $91,161.71 $933.15 $0.00 $515.44 $92,610.30
80 $92,610.30 $933.15 $0.00 $523.63 $94,067.08
81 $94,067.08 $933.15 $0.00 $531.87 $95,532.10
82 $95,532.10 $933.15 $0.00 $540.15 $97,005.40
83 $97,005.40 $933.15 $0.00 $548.48 $98,487.03
84 $98,487.03 $933.15 $0.00 $556.86 $99,977.04
85 $99,977.04 $933.15 $0.00 $565.28 $101,475.47
86 $101,475.47 $933.15 $0.00 $573.76 $102,982.38
87 $102,982.38 $933.15 $0.00 $582.28 $104,497.81
88 $104,497.81 $933.15 $0.00 $590.85 $106,021.81
89 $106,021.81 $933.15 $0.00 $599.46 $107,554.42
90 $107,554.42 $933.15 $0.00 $608.13 $109,095.70
91 $109,095.70 $933.15 $0.00 $616.84 $110,645.69
92 $110,645.69 $933.15 $0.00 $625.61 $112,204.45
93 $112,204.45 $933.15 $0.00 $634.42 $113,772.02
94 $113,772.02 $933.15 $0.00 $643.28 $115,348.45
95 $115,348.45 $933.15 $0.00 $652.20 $116,933.80
96 $116,933.80 $933.15 $0.00 $661.16 $118,528.11
97 $118,528.11 $933.15 $0.00 $670.18 $120,131.44
98 $120,131.44 $933.15 $0.00 $679.24 $121,743.83
99 $121,743.83 $933.15 $0.00 $688.36 $123,365.34
100 $123,365.34 $933.15 $0.00 $697.53 $124,996.02
101 $124,996.02 $933.15 $0.00 $706.75 $126,635.92
102 $126,635.92 $933.15 $0.00 $716.02 $128,285.09
103 $128,285.09 $933.15 $0.00 $725.34 $129,943.58
104 $129,943.58 $933.15 $0.00 $734.72 $131,611.45
105 $131,611.45 $933.15 $0.00 $744.15 $133,288.75
106 $133,288.75 $933.15 $0.00 $753.63 $134,975.53
107 $134,975.53 $933.15 $0.00 $763.17 $136,671.85
108 $136,671.85 $933.15 $0.00 $772.76 $138,377.76
109 $138,377.76 $933.15 $0.00 $782.41 $140,093.32
110 $140,093.32 $933.15 $0.00 $792.11 $141,818.58
111 $141,818.58 $933.15 $0.00 $801.86 $143,553.59
112 $143,553.59 $933.15 $0.00 $811.67 $145,298.41
113 $145,298.41 $933.15 $0.00 $821.54 $147,053.10
114 $147,053.10 $933.15 $0.00 $831.46 $148,817.71
115 $148,817.71 $933.15 $0.00 $841.44 $150,592.30
116 $150,592.30 $933.15 $0.00 $851.47 $152,376.92
117 $152,376.92 $933.15 $0.00 $861.56 $154,171.63
118 $154,171.63 $933.15 $0.00 $871.71 $155,976.49
119 $155,976.49 $933.15 $0.00 $881.91 $157,791.55
120 $157,791.55 $933.15 $0.00 $892.18 $159,616.88
121 $159,616.88 $933.15 $0.00 $902.50 $161,452.53
122 $161,452.53 $933.15 $0.00 $912.88 $163,298.56
123 $163,298.56 $933.15 $0.00 $923.31 $165,155.02
124 $165,155.02 $933.15 $0.00 $933.81 $167,021.98
125 $167,021.98 $933.15 $0.00 $944.37 $168,899.50
126 $168,899.50 $933.15 $0.00 $954.98 $170,787.63
127 $170,787.63 $933.15 $0.00 $965.66 $172,686.44
128 $172,686.44 $933.15 $0.00 $976.39 $174,595.98
129 $174,595.98 $933.15 $0.00 $987.19 $176,516.32
130 $176,516.32 $933.15 $0.00 $998.05 $178,447.52
131 $178,447.52 $933.15 $0.00 $1,008.97 $180,389.64
132 $180,389.64 $933.15 $0.00 $1,019.95 $182,342.74
133 $182,342.74 $933.15 $0.00 $1,030.99 $184,306.88
134 $184,306.88 $933.15 $0.00 $1,042.10 $186,282.13
135 $186,282.13 $933.15 $0.00 $1,053.27 $188,268.55
136 $188,268.55 $933.15 $0.00 $1,064.50 $190,266.20
137 $190,266.20 $933.15 $0.00 $1,075.79 $192,275.14
138 $192,275.14 $933.15 $0.00 $1,087.15 $194,295.44
139 $194,295.44 $933.15 $0.00 $1,098.57 $196,327.16
140 $196,327.16 $933.15 $0.00 $1,110.06 $198,370.37
141 $198,370.37 $933.15 $0.00 $1,121.61 $200,425.13
142 $200,425.13 $933.15 $0.00 $1,133.23 $202,491.51
143 $202,491.51 $933.15 $0.00 $1,144.92 $204,569.58
144 $204,569.58 $933.15 $0.00 $1,156.67 $206,659.40
145 $206,659.40 $933.15 $0.00 $1,168.48 $208,761.03
146 $208,761.03 $933.15 $0.00 $1,180.37 $210,874.55
147 $210,874.55 $933.15 $0.00 $1,192.32 $213,000.02
148 $213,000.02 $933.15 $0.00 $1,204.33 $215,137.50
149 $215,137.50 $933.15 $0.00 $1,216.42 $217,287.07
150 $217,287.07 $933.15 $0.00 $1,228.57 $219,448.79
151 $219,448.79 $933.15 $0.00 $1,240.80 $221,622.74
152 $221,622.74 $933.15 $0.00 $1,253.09 $223,808.98
153 $223,808.98 $933.15 $0.00 $1,265.45 $226,007.58
154 $226,007.58 $933.15 $0.00 $1,277.88 $228,218.61
155 $228,218.61 $933.15 $0.00 $1,290.38 $230,442.14
156 $230,442.14 $933.15 $0.00 $1,302.95 $232,678.24
157 $232,678.24 $933.15 $0.00 $1,315.60 $234,926.99
158 $234,926.99 $933.15 $0.00 $1,328.31 $237,188.45
159 $237,188.45 $933.15 $0.00 $1,341.10 $239,462.70
160 $239,462.70 $933.15 $0.00 $1,353.96 $241,749.81
161 $241,749.81 $933.15 $0.00 $1,366.89 $244,049.85
162 $244,049.85 $933.15 $0.00 $1,379.89 $246,362.89
163 $246,362.89 $933.15 $0.00 $1,392.97 $248,689.01
164 $248,689.01 $933.15 $0.00 $1,406.12 $251,028.28
165 $251,028.28 $933.15 $0.00 $1,419.35 $253,380.78
166 $253,380.78 $933.15 $0.00 $1,432.65 $255,746.58
167 $255,746.58 $933.15 $0.00 $1,446.03 $258,125.76
168 $258,125.76 $933.15 $0.00 $1,459.48 $260,518.39
169 $260,518.39 $933.15 $0.00 $1,473.01 $262,924.55
170 $262,924.55 $933.15 $0.00 $1,486.61 $265,344.31
171 $265,344.31 $933.15 $0.00 $1,500.30 $267,777.76
172 $267,777.76 $933.15 $0.00 $1,514.05 $270,224.96
173 $270,224.96 $933.15 $0.00 $1,527.89 $272,686.00
174 $272,686.00 $933.15 $0.00 $1,541.81 $275,160.96
175 $275,160.96 $933.15 $0.00 $1,555.80 $277,649.91
176 $277,649.91 $933.15 $0.00 $1,569.87 $280,152.93
177 $280,152.93 $933.15 $0.00 $1,584.03 $282,670.11
178 $282,670.11 $933.15 $0.00 $1,598.26 $285,201.52
179 $285,201.52 $933.15 $0.00 $1,612.57 $287,747.24
180 $287,747.24 $933.15 $0.00 $1,626.96 $290,307.35
181 $290,307.35 $933.15 $0.00 $1,641.44 $292,881.94
182 $292,881.94 $933.15 $0.00 $1,656.00 $295,471.09
183 $295,471.09 $933.15 $0.00 $1,670.64 $298,074.88
184 $298,074.88 $933.15 $0.00 $1,685.36 $300,693.39
185 $300,693.39 $933.15 $0.00 $1,700.16 $303,326.70
186 $303,326.70 $933.15 $0.00 $1,715.05 $305,974.90
187 $305,974.90 $933.15 $0.00 $1,730.03 $308,638.08
188 $308,638.08 $933.15 $0.00 $1,745.08 $311,316.31
189 $311,316.31 $933.15 $0.00 $1,760.23 $314,009.69
190 $314,009.69 $933.15 $0.00 $1,775.46 $316,718.30
191 $316,718.30 $933.15 $0.00 $1,790.77 $319,442.22
192 $319,442.22 $933.15 $0.00 $1,806.17 $322,181.54
193 $322,181.54 $933.15 $0.00 $1,821.66 $324,936.35
194 $324,936.35 $933.15 $0.00 $1,837.24 $327,706.74
195 $327,706.74 $933.15 $0.00 $1,852.90 $330,492.79
196 $330,492.79 $933.15 $0.00 $1,868.65 $333,294.59
197 $333,294.59 $933.15 $0.00 $1,884.50 $336,112.24
198 $336,112.24 $933.15 $0.00 $1,900.43 $338,945.82
199 $338,945.82 $933.15 $0.00 $1,916.45 $341,795.42
200 $341,795.42 $933.15 $0.00 $1,932.56 $344,661.13
201 $344,661.13 $933.15 $0.00 $1,948.76 $347,543.04
202 $347,543.04 $933.15 $0.00 $1,965.06 $350,441.25
203 $350,441.25 $933.15 $0.00 $1,981.45 $353,355.85
204 $353,355.85 $933.15 $0.00 $1,997.93 $356,286.93
205 $356,286.93 $933.15 $0.00 $2,014.50 $359,234.58
206 $359,234.58 $933.15 $0.00 $2,031.16 $362,198.89
207 $362,198.89 $933.15 $0.00 $2,047.93 $365,179.97
208 $365,179.97 $933.15 $0.00 $2,064.78 $368,177.90
209 $368,177.90 $933.15 $0.00 $2,081.73 $371,192.78
210 $371,192.78 $933.15 $0.00 $2,098.78 $374,224.71
211 $374,224.71 $933.15 $0.00 $2,115.92 $377,273.78
212 $377,273.78 $933.15 $0.00 $2,133.16 $380,340.09
213 $380,340.09 $933.15 $0.00 $2,150.50 $383,423.74
214 $383,423.74 $933.15 $0.00 $2,167.93 $386,524.82
215 $386,524.82 $933.15 $0.00 $2,185.47 $389,643.44
216 $389,643.44 $933.15 $0.00 $2,203.10 $392,779.69
217 $392,779.69 $933.15 $109,402.50 $2,220.83 $286,531.17
218 $286,531.17 $933.15 $0.00 $1,620.09 $289,084.41
219 $289,084.41 $933.15 $0.00 $1,634.53 $291,652.09
220 $291,652.09 $933.15 $0.00 $1,649.04 $294,234.28
221 $294,234.28 $933.15 $0.00 $1,663.64 $296,831.07
222 $296,831.07 $933.15 $0.00 $1,678.33 $299,442.55
223 $299,442.55 $933.15 $0.00 $1,693.09 $302,068.79
224 $302,068.79 $933.15 $0.00 $1,707.94 $304,709.88
225 $304,709.88 $933.15 $0.00 $1,722.87 $307,365.90
226 $307,365.90 $933.15 $0.00 $1,737.89 $310,036.94
227 $310,036.94 $933.15 $0.00 $1,752.99 $312,723.08
228 $312,723.08 $933.15 $0.00 $1,768.18 $315,424.41
229 $315,424.41 $933.15 $114,872.63 $1,783.46 $203,268.39
230 $203,268.39 $933.15 $0.00 $1,149.31 $205,350.85
231 $205,350.85 $933.15 $0.00 $1,161.08 $207,445.08
232 $207,445.08 $933.15 $0.00 $1,172.92 $209,551.15
233 $209,551.15 $933.15 $0.00 $1,184.83 $211,669.13
234 $211,669.13 $933.15 $0.00 $1,196.81 $213,799.09
235 $213,799.09 $933.15 $0.00 $1,208.85 $215,941.09
236 $215,941.09 $933.15 $0.00 $1,220.96 $218,095.20
237 $218,095.20 $933.15 $0.00 $1,233.14 $220,261.49
238 $220,261.49 $933.15 $0.00 $1,245.39 $222,440.03
239 $222,440.03 $933.15 $0.00 $1,257.71 $224,630.89
240 $224,630.89 $933.15 $0.00 $1,270.10 $226,834.14
241 $226,834.14 $933.15 $120,616.26 $1,282.55 $108,433.58
242 $108,433.58 $933.15 $0.00 $613.10 $109,979.83
243 $109,979.83 $933.15 $0.00 $621.84 $111,534.82
244 $111,534.82 $933.15 $0.00 $630.63 $113,098.60
245 $113,098.60 $933.15 $0.00 $639.48 $114,671.23
246 $114,671.23 $933.15 $0.00 $648.37 $116,252.75
247 $116,252.75 $933.15 $0.00 $657.31 $117,843.21
248 $117,843.21 $933.15 $0.00 $666.30 $119,442.66
249 $119,442.66 $933.15 $0.00 $675.35 $121,051.16
250 $121,051.16 $933.15 $0.00 $684.44 $122,668.75
251 $122,668.75 $933.15 $0.00 $693.59 $124,295.49
252 $124,295.49 $933.15 $0.00 $702.78 $125,931.42
253 $125,931.42 $0.00 $126,647.07 $712.03 ($3.62)