How much will it cost and what do you need to save?
| Estimated Annual Cost in 2041 | $44,316 |
| Monthly savings required | $197 |
How much will it cost to send your child to Lakeshore Technical College in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $88,631.57 for students enrolling in 2041 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $196.96 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 | $17,965.00 |
| Years until enrollment | 18 |
| Annual Tuition Increase | 5% |
| Current Savings | $0.00 |
| After Tax Return on Savings | 7% |
| Years of enrollment | 2 |
Discover how much will you need to start saving now to afford Lakeshore Technical College in the future.
| Month | Begin | Deposit | Withdraw | Interest | End |
|---|---|---|---|---|---|
| 1 | $0.00 | $196.96 | $0.00 | $0.00 | $196.96 |
| 2 | $196.96 | $196.96 | $0.00 | $1.11 | $395.03 |
| 3 | $395.03 | $196.96 | $0.00 | $2.23 | $594.22 |
| 4 | $594.22 | $196.96 | $0.00 | $3.36 | $794.54 |
| 5 | $794.54 | $196.96 | $0.00 | $4.49 | $995.99 |
| 6 | $995.99 | $196.96 | $0.00 | $5.63 | $1,198.58 |
| 7 | $1,198.58 | $196.96 | $0.00 | $6.78 | $1,402.32 |
| 8 | $1,402.32 | $196.96 | $0.00 | $7.93 | $1,607.21 |
| 9 | $1,607.21 | $196.96 | $0.00 | $9.09 | $1,813.26 |
| 10 | $1,813.26 | $196.96 | $0.00 | $10.25 | $2,020.47 |
| 11 | $2,020.47 | $196.96 | $0.00 | $11.42 | $2,228.85 |
| 12 | $2,228.85 | $196.96 | $0.00 | $12.60 | $2,438.41 |
| 13 | $2,438.41 | $196.96 | $0.00 | $13.79 | $2,649.16 |
| 14 | $2,649.16 | $196.96 | $0.00 | $14.98 | $2,861.10 |
| 15 | $2,861.10 | $196.96 | $0.00 | $16.18 | $3,074.24 |
| 16 | $3,074.24 | $196.96 | $0.00 | $17.38 | $3,288.58 |
| 17 | $3,288.58 | $196.96 | $0.00 | $18.59 | $3,504.13 |
| 18 | $3,504.13 | $196.96 | $0.00 | $19.81 | $3,720.90 |
| 19 | $3,720.90 | $196.96 | $0.00 | $21.04 | $3,938.90 |
| 20 | $3,938.90 | $196.96 | $0.00 | $22.27 | $4,158.13 |
| 21 | $4,158.13 | $196.96 | $0.00 | $23.51 | $4,378.60 |
| 22 | $4,378.60 | $196.96 | $0.00 | $24.76 | $4,600.32 |
| 23 | $4,600.32 | $196.96 | $0.00 | $26.01 | $4,823.29 |
| 24 | $4,823.29 | $196.96 | $0.00 | $27.27 | $5,047.52 |
| 25 | $5,047.52 | $196.96 | $0.00 | $28.54 | $5,273.02 |
| 26 | $5,273.02 | $196.96 | $0.00 | $29.81 | $5,499.79 |
| 27 | $5,499.79 | $196.96 | $0.00 | $31.10 | $5,727.85 |
| 28 | $5,727.85 | $196.96 | $0.00 | $32.39 | $5,957.20 |
| 29 | $5,957.20 | $196.96 | $0.00 | $33.68 | $6,187.84 |
| 30 | $6,187.84 | $196.96 | $0.00 | $34.99 | $6,419.79 |
| 31 | $6,419.79 | $196.96 | $0.00 | $36.30 | $6,653.05 |
| 32 | $6,653.05 | $196.96 | $0.00 | $37.62 | $6,887.63 |
| 33 | $6,887.63 | $196.96 | $0.00 | $38.94 | $7,123.53 |
| 34 | $7,123.53 | $196.96 | $0.00 | $40.28 | $7,360.77 |
| 35 | $7,360.77 | $196.96 | $0.00 | $41.62 | $7,599.35 |
| 36 | $7,599.35 | $196.96 | $0.00 | $42.97 | $7,839.28 |
| 37 | $7,839.28 | $196.96 | $0.00 | $44.32 | $8,080.56 |
| 38 | $8,080.56 | $196.96 | $0.00 | $45.69 | $8,323.21 |
| 39 | $8,323.21 | $196.96 | $0.00 | $47.06 | $8,567.23 |
| 40 | $8,567.23 | $196.96 | $0.00 | $48.44 | $8,812.63 |
| 41 | $8,812.63 | $196.96 | $0.00 | $49.83 | $9,059.42 |
| 42 | $9,059.42 | $196.96 | $0.00 | $51.22 | $9,307.60 |
| 43 | $9,307.60 | $196.96 | $0.00 | $52.63 | $9,557.19 |
| 44 | $9,557.19 | $196.96 | $0.00 | $54.04 | $9,808.19 |
| 45 | $9,808.19 | $196.96 | $0.00 | $55.46 | $10,060.61 |
| 46 | $10,060.61 | $196.96 | $0.00 | $56.88 | $10,314.45 |
| 47 | $10,314.45 | $196.96 | $0.00 | $58.32 | $10,569.73 |
| 48 | $10,569.73 | $196.96 | $0.00 | $59.76 | $10,826.45 |
| 49 | $10,826.45 | $196.96 | $0.00 | $61.21 | $11,084.62 |
| 50 | $11,084.62 | $196.96 | $0.00 | $62.67 | $11,344.25 |
| 51 | $11,344.25 | $196.96 | $0.00 | $64.14 | $11,605.35 |
| 52 | $11,605.35 | $196.96 | $0.00 | $65.62 | $11,867.93 |
| 53 | $11,867.93 | $196.96 | $0.00 | $67.10 | $12,131.99 |
| 54 | $12,131.99 | $196.96 | $0.00 | $68.60 | $12,397.55 |
| 55 | $12,397.55 | $196.96 | $0.00 | $70.10 | $12,664.61 |
| 56 | $12,664.61 | $196.96 | $0.00 | $71.61 | $12,933.18 |
| 57 | $12,933.18 | $196.96 | $0.00 | $73.13 | $13,203.27 |
| 58 | $13,203.27 | $196.96 | $0.00 | $74.65 | $13,474.88 |
| 59 | $13,474.88 | $196.96 | $0.00 | $76.19 | $13,748.03 |
| 60 | $13,748.03 | $196.96 | $0.00 | $77.73 | $14,022.72 |
| 61 | $14,022.72 | $196.96 | $0.00 | $79.29 | $14,298.97 |
| 62 | $14,298.97 | $196.96 | $0.00 | $80.85 | $14,576.78 |
| 63 | $14,576.78 | $196.96 | $0.00 | $82.42 | $14,856.16 |
| 64 | $14,856.16 | $196.96 | $0.00 | $84.00 | $15,137.12 |
| 65 | $15,137.12 | $196.96 | $0.00 | $85.59 | $15,419.67 |
| 66 | $15,419.67 | $196.96 | $0.00 | $87.19 | $15,703.82 |
| 67 | $15,703.82 | $196.96 | $0.00 | $88.79 | $15,989.57 |
| 68 | $15,989.57 | $196.96 | $0.00 | $90.41 | $16,276.94 |
| 69 | $16,276.94 | $196.96 | $0.00 | $92.03 | $16,565.93 |
| 70 | $16,565.93 | $196.96 | $0.00 | $93.67 | $16,856.56 |
| 71 | $16,856.56 | $196.96 | $0.00 | $95.31 | $17,148.83 |
| 72 | $17,148.83 | $196.96 | $0.00 | $96.96 | $17,442.75 |
| 73 | $17,442.75 | $196.96 | $0.00 | $98.62 | $17,738.33 |
| 74 | $17,738.33 | $196.96 | $0.00 | $100.30 | $18,035.59 |
| 75 | $18,035.59 | $196.96 | $0.00 | $101.98 | $18,334.53 |
| 76 | $18,334.53 | $196.96 | $0.00 | $103.67 | $18,635.16 |
| 77 | $18,635.16 | $196.96 | $0.00 | $105.37 | $18,937.49 |
| 78 | $18,937.49 | $196.96 | $0.00 | $107.08 | $19,241.53 |
| 79 | $19,241.53 | $196.96 | $0.00 | $108.79 | $19,547.28 |
| 80 | $19,547.28 | $196.96 | $0.00 | $110.52 | $19,854.76 |
| 81 | $19,854.76 | $196.96 | $0.00 | $112.26 | $20,163.98 |
| 82 | $20,163.98 | $196.96 | $0.00 | $114.01 | $20,474.95 |
| 83 | $20,474.95 | $196.96 | $0.00 | $115.77 | $20,787.68 |
| 84 | $20,787.68 | $196.96 | $0.00 | $117.54 | $21,102.18 |
| 85 | $21,102.18 | $196.96 | $0.00 | $119.31 | $21,418.45 |
| 86 | $21,418.45 | $196.96 | $0.00 | $121.10 | $21,736.51 |
| 87 | $21,736.51 | $196.96 | $0.00 | $122.90 | $22,056.37 |
| 88 | $22,056.37 | $196.96 | $0.00 | $124.71 | $22,378.04 |
| 89 | $22,378.04 | $196.96 | $0.00 | $126.53 | $22,701.53 |
| 90 | $22,701.53 | $196.96 | $0.00 | $128.36 | $23,026.85 |
| 91 | $23,026.85 | $196.96 | $0.00 | $130.20 | $23,354.01 |
| 92 | $23,354.01 | $196.96 | $0.00 | $132.05 | $23,683.02 |
| 93 | $23,683.02 | $196.96 | $0.00 | $133.91 | $24,013.89 |
| 94 | $24,013.89 | $196.96 | $0.00 | $135.78 | $24,346.63 |
| 95 | $24,346.63 | $196.96 | $0.00 | $137.66 | $24,681.25 |
| 96 | $24,681.25 | $196.96 | $0.00 | $139.55 | $25,017.76 |
| 97 | $25,017.76 | $196.96 | $0.00 | $141.45 | $25,356.17 |
| 98 | $25,356.17 | $196.96 | $0.00 | $143.37 | $25,696.50 |
| 99 | $25,696.50 | $196.96 | $0.00 | $145.29 | $26,038.75 |
| 100 | $26,038.75 | $196.96 | $0.00 | $147.23 | $26,382.94 |
| 101 | $26,382.94 | $196.96 | $0.00 | $149.17 | $26,729.07 |
| 102 | $26,729.07 | $196.96 | $0.00 | $151.13 | $27,077.16 |
| 103 | $27,077.16 | $196.96 | $0.00 | $153.10 | $27,427.22 |
| 104 | $27,427.22 | $196.96 | $0.00 | $155.08 | $27,779.26 |
| 105 | $27,779.26 | $196.96 | $0.00 | $157.07 | $28,133.29 |
| 106 | $28,133.29 | $196.96 | $0.00 | $159.07 | $28,489.32 |
| 107 | $28,489.32 | $196.96 | $0.00 | $161.08 | $28,847.36 |
| 108 | $28,847.36 | $196.96 | $0.00 | $163.11 | $29,207.43 |
| 109 | $29,207.43 | $196.96 | $0.00 | $165.14 | $29,569.53 |
| 110 | $29,569.53 | $196.96 | $0.00 | $167.19 | $29,933.68 |
| 111 | $29,933.68 | $196.96 | $0.00 | $169.25 | $30,299.89 |
| 112 | $30,299.89 | $196.96 | $0.00 | $171.32 | $30,668.17 |
| 113 | $30,668.17 | $196.96 | $0.00 | $173.40 | $31,038.53 |
| 114 | $31,038.53 | $196.96 | $0.00 | $175.50 | $31,410.99 |
| 115 | $31,410.99 | $196.96 | $0.00 | $177.60 | $31,785.55 |
| 116 | $31,785.55 | $196.96 | $0.00 | $179.72 | $32,162.23 |
| 117 | $32,162.23 | $196.96 | $0.00 | $181.85 | $32,541.04 |
| 118 | $32,541.04 | $196.96 | $0.00 | $183.99 | $32,921.99 |
| 119 | $32,921.99 | $196.96 | $0.00 | $186.15 | $33,305.10 |
| 120 | $33,305.10 | $196.96 | $0.00 | $188.31 | $33,690.37 |
| 121 | $33,690.37 | $196.96 | $0.00 | $190.49 | $34,077.82 |
| 122 | $34,077.82 | $196.96 | $0.00 | $192.68 | $34,467.46 |
| 123 | $34,467.46 | $196.96 | $0.00 | $194.88 | $34,859.30 |
| 124 | $34,859.30 | $196.96 | $0.00 | $197.10 | $35,253.36 |
| 125 | $35,253.36 | $196.96 | $0.00 | $199.33 | $35,649.65 |
| 126 | $35,649.65 | $196.96 | $0.00 | $201.57 | $36,048.18 |
| 127 | $36,048.18 | $196.96 | $0.00 | $203.82 | $36,448.96 |
| 128 | $36,448.96 | $196.96 | $0.00 | $206.09 | $36,852.01 |
| 129 | $36,852.01 | $196.96 | $0.00 | $208.37 | $37,257.34 |
| 130 | $37,257.34 | $196.96 | $0.00 | $210.66 | $37,664.96 |
| 131 | $37,664.96 | $196.96 | $0.00 | $212.96 | $38,074.88 |
| 132 | $38,074.88 | $196.96 | $0.00 | $215.28 | $38,487.12 |
| 133 | $38,487.12 | $196.96 | $0.00 | $217.61 | $38,901.69 |
| 134 | $38,901.69 | $196.96 | $0.00 | $219.96 | $39,318.61 |
| 135 | $39,318.61 | $196.96 | $0.00 | $222.31 | $39,737.88 |
| 136 | $39,737.88 | $196.96 | $0.00 | $224.68 | $40,159.52 |
| 137 | $40,159.52 | $196.96 | $0.00 | $227.07 | $40,583.55 |
| 138 | $40,583.55 | $196.96 | $0.00 | $229.47 | $41,009.98 |
| 139 | $41,009.98 | $196.96 | $0.00 | $231.88 | $41,438.82 |
| 140 | $41,438.82 | $196.96 | $0.00 | $234.30 | $41,870.08 |
| 141 | $41,870.08 | $196.96 | $0.00 | $236.74 | $42,303.78 |
| 142 | $42,303.78 | $196.96 | $0.00 | $239.19 | $42,739.93 |
| 143 | $42,739.93 | $196.96 | $0.00 | $241.66 | $43,178.55 |
| 144 | $43,178.55 | $196.96 | $0.00 | $244.14 | $43,619.65 |
| 145 | $43,619.65 | $196.96 | $0.00 | $246.63 | $44,063.24 |
| 146 | $44,063.24 | $196.96 | $0.00 | $249.14 | $44,509.34 |
| 147 | $44,509.34 | $196.96 | $0.00 | $251.66 | $44,957.96 |
| 148 | $44,957.96 | $196.96 | $0.00 | $254.20 | $45,409.12 |
| 149 | $45,409.12 | $196.96 | $0.00 | $256.75 | $45,862.83 |
| 150 | $45,862.83 | $196.96 | $0.00 | $259.32 | $46,319.11 |
| 151 | $46,319.11 | $196.96 | $0.00 | $261.89 | $46,777.96 |
| 152 | $46,777.96 | $196.96 | $0.00 | $264.49 | $47,239.41 |
| 153 | $47,239.41 | $196.96 | $0.00 | $267.10 | $47,703.47 |
| 154 | $47,703.47 | $196.96 | $0.00 | $269.72 | $48,170.15 |
| 155 | $48,170.15 | $196.96 | $0.00 | $272.36 | $48,639.47 |
| 156 | $48,639.47 | $196.96 | $0.00 | $275.01 | $49,111.44 |
| 157 | $49,111.44 | $196.96 | $0.00 | $277.68 | $49,586.08 |
| 158 | $49,586.08 | $196.96 | $0.00 | $280.37 | $50,063.41 |
| 159 | $50,063.41 | $196.96 | $0.00 | $283.07 | $50,543.44 |
| 160 | $50,543.44 | $196.96 | $0.00 | $285.78 | $51,026.18 |
| 161 | $51,026.18 | $196.96 | $0.00 | $288.51 | $51,511.65 |
| 162 | $51,511.65 | $196.96 | $0.00 | $291.25 | $51,999.86 |
| 163 | $51,999.86 | $196.96 | $0.00 | $294.01 | $52,490.83 |
| 164 | $52,490.83 | $196.96 | $0.00 | $296.79 | $52,984.58 |
| 165 | $52,984.58 | $196.96 | $0.00 | $299.58 | $53,481.12 |
| 166 | $53,481.12 | $196.96 | $0.00 | $302.39 | $53,980.47 |
| 167 | $53,980.47 | $196.96 | $0.00 | $305.21 | $54,482.64 |
| 168 | $54,482.64 | $196.96 | $0.00 | $308.05 | $54,987.65 |
| 169 | $54,987.65 | $196.96 | $0.00 | $310.91 | $55,495.52 |
| 170 | $55,495.52 | $196.96 | $0.00 | $313.78 | $56,006.26 |
| 171 | $56,006.26 | $196.96 | $0.00 | $316.67 | $56,519.89 |
| 172 | $56,519.89 | $196.96 | $0.00 | $319.57 | $57,036.42 |
| 173 | $57,036.42 | $196.96 | $0.00 | $322.49 | $57,555.87 |
| 174 | $57,555.87 | $196.96 | $0.00 | $325.43 | $58,078.26 |
| 175 | $58,078.26 | $196.96 | $0.00 | $328.38 | $58,603.60 |
| 176 | $58,603.60 | $196.96 | $0.00 | $331.35 | $59,131.91 |
| 177 | $59,131.91 | $196.96 | $0.00 | $334.34 | $59,663.21 |
| 178 | $59,663.21 | $196.96 | $0.00 | $337.34 | $60,197.51 |
| 179 | $60,197.51 | $196.96 | $0.00 | $340.37 | $60,734.84 |
| 180 | $60,734.84 | $196.96 | $0.00 | $343.40 | $61,275.20 |
| 181 | $61,275.20 | $196.96 | $0.00 | $346.46 | $61,818.62 |
| 182 | $61,818.62 | $196.96 | $0.00 | $349.53 | $62,365.11 |
| 183 | $62,365.11 | $196.96 | $0.00 | $352.62 | $62,914.69 |
| 184 | $62,914.69 | $196.96 | $0.00 | $355.73 | $63,467.38 |
| 185 | $63,467.38 | $196.96 | $0.00 | $358.85 | $64,023.19 |
| 186 | $64,023.19 | $196.96 | $0.00 | $362.00 | $64,582.15 |
| 187 | $64,582.15 | $196.96 | $0.00 | $365.16 | $65,144.27 |
| 188 | $65,144.27 | $196.96 | $0.00 | $368.34 | $65,709.57 |
| 189 | $65,709.57 | $196.96 | $0.00 | $371.53 | $66,278.06 |
| 190 | $66,278.06 | $196.96 | $0.00 | $374.75 | $66,849.77 |
| 191 | $66,849.77 | $196.96 | $0.00 | $377.98 | $67,424.71 |
| 192 | $67,424.71 | $196.96 | $0.00 | $381.23 | $68,002.90 |
| 193 | $68,002.90 | $196.96 | $0.00 | $384.50 | $68,584.36 |
| 194 | $68,584.36 | $196.96 | $0.00 | $387.79 | $69,169.11 |
| 195 | $69,169.11 | $196.96 | $0.00 | $391.09 | $69,757.16 |
| 196 | $69,757.16 | $196.96 | $0.00 | $394.42 | $70,348.54 |
| 197 | $70,348.54 | $196.96 | $0.00 | $397.76 | $70,943.26 |
| 198 | $70,943.26 | $196.96 | $0.00 | $401.12 | $71,541.34 |
| 199 | $71,541.34 | $196.96 | $0.00 | $404.51 | $72,142.81 |
| 200 | $72,142.81 | $196.96 | $0.00 | $407.91 | $72,747.68 |
| 201 | $72,747.68 | $196.96 | $0.00 | $411.33 | $73,355.97 |
| 202 | $73,355.97 | $196.96 | $0.00 | $414.77 | $73,967.70 |
| 203 | $73,967.70 | $196.96 | $0.00 | $418.22 | $74,582.88 |
| 204 | $74,582.88 | $196.96 | $0.00 | $421.70 | $75,201.54 |
| 205 | $75,201.54 | $196.96 | $0.00 | $425.20 | $75,823.70 |
| 206 | $75,823.70 | $196.96 | $0.00 | $428.72 | $76,449.38 |
| 207 | $76,449.38 | $196.96 | $0.00 | $432.26 | $77,078.60 |
| 208 | $77,078.60 | $196.96 | $0.00 | $435.81 | $77,711.37 |
| 209 | $77,711.37 | $196.96 | $0.00 | $439.39 | $78,347.72 |
| 210 | $78,347.72 | $196.96 | $0.00 | $442.99 | $78,987.67 |
| 211 | $78,987.67 | $196.96 | $0.00 | $446.61 | $79,631.24 |
| 212 | $79,631.24 | $196.96 | $0.00 | $450.25 | $80,278.45 |
| 213 | $80,278.45 | $196.96 | $0.00 | $453.91 | $80,929.32 |
| 214 | $80,929.32 | $196.96 | $0.00 | $457.59 | $81,583.87 |
| 215 | $81,583.87 | $196.96 | $0.00 | $461.29 | $82,242.12 |
| 216 | $82,242.12 | $196.96 | $0.00 | $465.01 | $82,904.09 |
| 217 | $82,904.09 | $196.96 | $43,234.91 | $468.75 | $40,334.89 |
| 218 | $40,334.89 | $196.96 | $0.00 | $228.06 | $40,759.91 |
| 219 | $40,759.91 | $196.96 | $0.00 | $230.46 | $41,187.33 |
| 220 | $41,187.33 | $196.96 | $0.00 | $232.88 | $41,617.17 |
| 221 | $41,617.17 | $196.96 | $0.00 | $235.31 | $42,049.44 |
| 222 | $42,049.44 | $196.96 | $0.00 | $237.75 | $42,484.15 |
| 223 | $42,484.15 | $196.96 | $0.00 | $240.21 | $42,921.32 |
| 224 | $42,921.32 | $196.96 | $0.00 | $242.68 | $43,360.96 |
| 225 | $43,360.96 | $196.96 | $0.00 | $245.17 | $43,803.09 |
| 226 | $43,803.09 | $196.96 | $0.00 | $247.67 | $44,247.72 |
| 227 | $44,247.72 | $196.96 | $0.00 | $250.18 | $44,694.86 |
| 228 | $44,694.86 | $196.96 | $0.00 | $252.71 | $45,144.53 |
| 229 | $45,144.53 | $0.00 | $45,396.66 | $255.25 | $3.12 |