Savings Plan and Future Cost Estimation for Lamar University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$89,447
Monthly savings required$707

How much will it cost to send your child to Lamar University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $357,789.90 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $706.92 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$23,842.00
Years until enrollment18
Annual Tuition Increase7%
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 $706.92 $0.00 $0.00 $706.92
2 $706.92 $706.92 $0.00 $4.00 $1,417.84
3 $1,417.84 $706.92 $0.00 $8.02 $2,132.78
4 $2,132.78 $706.92 $0.00 $12.06 $2,851.76
5 $2,851.76 $706.92 $0.00 $16.12 $3,574.80
6 $3,574.80 $706.92 $0.00 $20.21 $4,301.93
7 $4,301.93 $706.92 $0.00 $24.32 $5,033.17
8 $5,033.17 $706.92 $0.00 $28.46 $5,768.55
9 $5,768.55 $706.92 $0.00 $32.62 $6,508.09
10 $6,508.09 $706.92 $0.00 $36.80 $7,251.81
11 $7,251.81 $706.92 $0.00 $41.00 $7,999.73
12 $7,999.73 $706.92 $0.00 $45.23 $8,751.88
13 $8,751.88 $706.92 $0.00 $49.48 $9,508.28
14 $9,508.28 $706.92 $0.00 $53.76 $10,268.96
15 $10,268.96 $706.92 $0.00 $58.06 $11,033.94
16 $11,033.94 $706.92 $0.00 $62.39 $11,803.25
17 $11,803.25 $706.92 $0.00 $66.74 $12,576.91
18 $12,576.91 $706.92 $0.00 $71.11 $13,354.94
19 $13,354.94 $706.92 $0.00 $75.51 $14,137.37
20 $14,137.37 $706.92 $0.00 $79.93 $14,924.22
21 $14,924.22 $706.92 $0.00 $84.38 $15,715.52
22 $15,715.52 $706.92 $0.00 $88.86 $16,511.30
23 $16,511.30 $706.92 $0.00 $93.36 $17,311.58
24 $17,311.58 $706.92 $0.00 $97.88 $18,116.38
25 $18,116.38 $706.92 $0.00 $102.43 $18,925.73
26 $18,925.73 $706.92 $0.00 $107.01 $19,739.66
27 $19,739.66 $706.92 $0.00 $111.61 $20,558.19
28 $20,558.19 $706.92 $0.00 $116.24 $21,381.35
29 $21,381.35 $706.92 $0.00 $120.89 $22,209.16
30 $22,209.16 $706.92 $0.00 $125.57 $23,041.65
31 $23,041.65 $706.92 $0.00 $130.28 $23,878.85
32 $23,878.85 $706.92 $0.00 $135.01 $24,720.78
33 $24,720.78 $706.92 $0.00 $139.77 $25,567.47
34 $25,567.47 $706.92 $0.00 $144.56 $26,418.95
35 $26,418.95 $706.92 $0.00 $149.38 $27,275.25
36 $27,275.25 $706.92 $0.00 $154.22 $28,136.39
37 $28,136.39 $706.92 $0.00 $159.09 $29,002.40
38 $29,002.40 $706.92 $0.00 $163.98 $29,873.30
39 $29,873.30 $706.92 $0.00 $168.91 $30,749.13
40 $30,749.13 $706.92 $0.00 $173.86 $31,629.91
41 $31,629.91 $706.92 $0.00 $178.84 $32,515.67
42 $32,515.67 $706.92 $0.00 $183.85 $33,406.44
43 $33,406.44 $706.92 $0.00 $188.88 $34,302.24
44 $34,302.24 $706.92 $0.00 $193.95 $35,203.11
45 $35,203.11 $706.92 $0.00 $199.04 $36,109.07
46 $36,109.07 $706.92 $0.00 $204.17 $37,020.16
47 $37,020.16 $706.92 $0.00 $209.32 $37,936.40
48 $37,936.40 $706.92 $0.00 $214.50 $38,857.82
49 $38,857.82 $706.92 $0.00 $219.71 $39,784.45
50 $39,784.45 $706.92 $0.00 $224.95 $40,716.32
51 $40,716.32 $706.92 $0.00 $230.22 $41,653.46
52 $41,653.46 $706.92 $0.00 $235.51 $42,595.89
53 $42,595.89 $706.92 $0.00 $240.84 $43,543.65
54 $43,543.65 $706.92 $0.00 $246.20 $44,496.77
55 $44,496.77 $706.92 $0.00 $251.59 $45,455.28
56 $45,455.28 $706.92 $0.00 $257.01 $46,419.21
57 $46,419.21 $706.92 $0.00 $262.46 $47,388.59
58 $47,388.59 $706.92 $0.00 $267.94 $48,363.45
59 $48,363.45 $706.92 $0.00 $273.45 $49,343.82
60 $49,343.82 $706.92 $0.00 $279.00 $50,329.74
61 $50,329.74 $706.92 $0.00 $284.57 $51,321.23
62 $51,321.23 $706.92 $0.00 $290.18 $52,318.33
63 $52,318.33 $706.92 $0.00 $295.82 $53,321.07
64 $53,321.07 $706.92 $0.00 $301.49 $54,329.48
65 $54,329.48 $706.92 $0.00 $307.19 $55,343.59
66 $55,343.59 $706.92 $0.00 $312.92 $56,363.43
67 $56,363.43 $706.92 $0.00 $318.69 $57,389.04
68 $57,389.04 $706.92 $0.00 $324.49 $58,420.45
69 $58,420.45 $706.92 $0.00 $330.32 $59,457.69
70 $59,457.69 $706.92 $0.00 $336.18 $60,500.79
71 $60,500.79 $706.92 $0.00 $342.08 $61,549.79
72 $61,549.79 $706.92 $0.00 $348.01 $62,604.72
73 $62,604.72 $706.92 $0.00 $353.98 $63,665.62
74 $63,665.62 $706.92 $0.00 $359.97 $64,732.51
75 $64,732.51 $706.92 $0.00 $366.01 $65,805.44
76 $65,805.44 $706.92 $0.00 $372.07 $66,884.43
77 $66,884.43 $706.92 $0.00 $378.17 $67,969.52
78 $67,969.52 $706.92 $0.00 $384.31 $69,060.75
79 $69,060.75 $706.92 $0.00 $390.48 $70,158.15
80 $70,158.15 $706.92 $0.00 $396.68 $71,261.75
81 $71,261.75 $706.92 $0.00 $402.92 $72,371.59
82 $72,371.59 $706.92 $0.00 $409.20 $73,487.71
83 $73,487.71 $706.92 $0.00 $415.51 $74,610.14
84 $74,610.14 $706.92 $0.00 $421.86 $75,738.92
85 $75,738.92 $706.92 $0.00 $428.24 $76,874.08
86 $76,874.08 $706.92 $0.00 $434.66 $78,015.66
87 $78,015.66 $706.92 $0.00 $441.11 $79,163.69
88 $79,163.69 $706.92 $0.00 $447.60 $80,318.21
89 $80,318.21 $706.92 $0.00 $454.13 $81,479.26
90 $81,479.26 $706.92 $0.00 $460.70 $82,646.88
91 $82,646.88 $706.92 $0.00 $467.30 $83,821.10
92 $83,821.10 $706.92 $0.00 $473.94 $85,001.96
93 $85,001.96 $706.92 $0.00 $480.61 $86,189.49
94 $86,189.49 $706.92 $0.00 $487.33 $87,383.74
95 $87,383.74 $706.92 $0.00 $494.08 $88,584.74
96 $88,584.74 $706.92 $0.00 $500.87 $89,792.53
97 $89,792.53 $706.92 $0.00 $507.70 $91,007.15
98 $91,007.15 $706.92 $0.00 $514.57 $92,228.64
99 $92,228.64 $706.92 $0.00 $521.47 $93,457.03
100 $93,457.03 $706.92 $0.00 $528.42 $94,692.37
101 $94,692.37 $706.92 $0.00 $535.40 $95,934.69
102 $95,934.69 $706.92 $0.00 $542.43 $97,184.04
103 $97,184.04 $706.92 $0.00 $549.49 $98,440.45
104 $98,440.45 $706.92 $0.00 $556.60 $99,703.97
105 $99,703.97 $706.92 $0.00 $563.74 $100,974.63
106 $100,974.63 $706.92 $0.00 $570.93 $102,252.48
107 $102,252.48 $706.92 $0.00 $578.15 $103,537.55
108 $103,537.55 $706.92 $0.00 $585.42 $104,829.89
109 $104,829.89 $706.92 $0.00 $592.72 $106,129.53
110 $106,129.53 $706.92 $0.00 $600.07 $107,436.52
111 $107,436.52 $706.92 $0.00 $607.46 $108,750.90
112 $108,750.90 $706.92 $0.00 $614.89 $110,072.71
113 $110,072.71 $706.92 $0.00 $622.37 $111,402.00
114 $111,402.00 $706.92 $0.00 $629.88 $112,738.80
115 $112,738.80 $706.92 $0.00 $637.44 $114,083.16
116 $114,083.16 $706.92 $0.00 $645.04 $115,435.12
117 $115,435.12 $706.92 $0.00 $652.69 $116,794.73
118 $116,794.73 $706.92 $0.00 $660.37 $118,162.02
119 $118,162.02 $706.92 $0.00 $668.11 $119,537.05
120 $119,537.05 $706.92 $0.00 $675.88 $120,919.85
121 $120,919.85 $706.92 $0.00 $683.70 $122,310.47
122 $122,310.47 $706.92 $0.00 $691.56 $123,708.95
123 $123,708.95 $706.92 $0.00 $699.47 $125,115.34
124 $125,115.34 $706.92 $0.00 $707.42 $126,529.68
125 $126,529.68 $706.92 $0.00 $715.42 $127,952.02
126 $127,952.02 $706.92 $0.00 $723.46 $129,382.40
127 $129,382.40 $706.92 $0.00 $731.55 $130,820.87
128 $130,820.87 $706.92 $0.00 $739.68 $132,267.47
129 $132,267.47 $706.92 $0.00 $747.86 $133,722.25
130 $133,722.25 $706.92 $0.00 $756.09 $135,185.26
131 $135,185.26 $706.92 $0.00 $764.36 $136,656.54
132 $136,656.54 $706.92 $0.00 $772.68 $138,136.14
133 $138,136.14 $706.92 $0.00 $781.04 $139,624.10
134 $139,624.10 $706.92 $0.00 $789.45 $141,120.47
135 $141,120.47 $706.92 $0.00 $797.92 $142,625.31
136 $142,625.31 $706.92 $0.00 $806.42 $144,138.65
137 $144,138.65 $706.92 $0.00 $814.98 $145,660.55
138 $145,660.55 $706.92 $0.00 $823.59 $147,191.06
139 $147,191.06 $706.92 $0.00 $832.24 $148,730.22
140 $148,730.22 $706.92 $0.00 $840.94 $150,278.08
141 $150,278.08 $706.92 $0.00 $849.69 $151,834.69
142 $151,834.69 $706.92 $0.00 $858.50 $153,400.11
143 $153,400.11 $706.92 $0.00 $867.35 $154,974.38
144 $154,974.38 $706.92 $0.00 $876.25 $156,557.55
145 $156,557.55 $706.92 $0.00 $885.20 $158,149.67
146 $158,149.67 $706.92 $0.00 $894.20 $159,750.79
147 $159,750.79 $706.92 $0.00 $903.25 $161,360.96
148 $161,360.96 $706.92 $0.00 $912.36 $162,980.24
149 $162,980.24 $706.92 $0.00 $921.51 $164,608.67
150 $164,608.67 $706.92 $0.00 $930.72 $166,246.31
151 $166,246.31 $706.92 $0.00 $939.98 $167,893.21
152 $167,893.21 $706.92 $0.00 $949.29 $169,549.42
153 $169,549.42 $706.92 $0.00 $958.66 $171,215.00
154 $171,215.00 $706.92 $0.00 $968.07 $172,889.99
155 $172,889.99 $706.92 $0.00 $977.55 $174,574.46
156 $174,574.46 $706.92 $0.00 $987.07 $176,268.45
157 $176,268.45 $706.92 $0.00 $996.65 $177,972.02
158 $177,972.02 $706.92 $0.00 $1,006.28 $179,685.22
159 $179,685.22 $706.92 $0.00 $1,015.97 $181,408.11
160 $181,408.11 $706.92 $0.00 $1,025.71 $183,140.74
161 $183,140.74 $706.92 $0.00 $1,035.50 $184,883.16
162 $184,883.16 $706.92 $0.00 $1,045.36 $186,635.44
163 $186,635.44 $706.92 $0.00 $1,055.26 $188,397.62
164 $188,397.62 $706.92 $0.00 $1,065.23 $190,169.77
165 $190,169.77 $706.92 $0.00 $1,075.25 $191,951.94
166 $191,951.94 $706.92 $0.00 $1,085.32 $193,744.18
167 $193,744.18 $706.92 $0.00 $1,095.46 $195,546.56
168 $195,546.56 $706.92 $0.00 $1,105.65 $197,359.13
169 $197,359.13 $706.92 $0.00 $1,115.90 $199,181.95
170 $199,181.95 $706.92 $0.00 $1,126.20 $201,015.07
171 $201,015.07 $706.92 $0.00 $1,136.57 $202,858.56
172 $202,858.56 $706.92 $0.00 $1,146.99 $204,712.47
173 $204,712.47 $706.92 $0.00 $1,157.47 $206,576.86
174 $206,576.86 $706.92 $0.00 $1,168.02 $208,451.80
175 $208,451.80 $706.92 $0.00 $1,178.62 $210,337.34
176 $210,337.34 $706.92 $0.00 $1,189.28 $212,233.54
177 $212,233.54 $706.92 $0.00 $1,200.00 $214,140.46
178 $214,140.46 $706.92 $0.00 $1,210.78 $216,058.16
179 $216,058.16 $706.92 $0.00 $1,221.62 $217,986.70
180 $217,986.70 $706.92 $0.00 $1,232.53 $219,926.15
181 $219,926.15 $706.92 $0.00 $1,243.49 $221,876.56
182 $221,876.56 $706.92 $0.00 $1,254.52 $223,838.00
183 $223,838.00 $706.92 $0.00 $1,265.61 $225,810.53
184 $225,810.53 $706.92 $0.00 $1,276.77 $227,794.22
185 $227,794.22 $706.92 $0.00 $1,287.98 $229,789.12
186 $229,789.12 $706.92 $0.00 $1,299.26 $231,795.30
187 $231,795.30 $706.92 $0.00 $1,310.60 $233,812.82
188 $233,812.82 $706.92 $0.00 $1,322.01 $235,841.75
189 $235,841.75 $706.92 $0.00 $1,333.48 $237,882.15
190 $237,882.15 $706.92 $0.00 $1,345.02 $239,934.09
191 $239,934.09 $706.92 $0.00 $1,356.62 $241,997.63
192 $241,997.63 $706.92 $0.00 $1,368.29 $244,072.84
193 $244,072.84 $706.92 $0.00 $1,380.02 $246,159.78
194 $246,159.78 $706.92 $0.00 $1,391.82 $248,258.52
195 $248,258.52 $706.92 $0.00 $1,403.69 $250,369.13
196 $250,369.13 $706.92 $0.00 $1,415.62 $252,491.67
197 $252,491.67 $706.92 $0.00 $1,427.62 $254,626.21
198 $254,626.21 $706.92 $0.00 $1,439.69 $256,772.82
199 $256,772.82 $706.92 $0.00 $1,451.83 $258,931.57
200 $258,931.57 $706.92 $0.00 $1,464.04 $261,102.53
201 $261,102.53 $706.92 $0.00 $1,476.31 $263,285.76
202 $263,285.76 $706.92 $0.00 $1,488.66 $265,481.34
203 $265,481.34 $706.92 $0.00 $1,501.07 $267,689.33
204 $267,689.33 $706.92 $0.00 $1,513.55 $269,909.80
205 $269,909.80 $706.92 $0.00 $1,526.11 $272,142.83
206 $272,142.83 $706.92 $0.00 $1,538.74 $274,388.49
207 $274,388.49 $706.92 $0.00 $1,551.43 $276,646.84
208 $276,646.84 $706.92 $0.00 $1,564.20 $278,917.96
209 $278,917.96 $706.92 $0.00 $1,577.04 $281,201.92
210 $281,201.92 $706.92 $0.00 $1,589.96 $283,498.80
211 $283,498.80 $706.92 $0.00 $1,602.94 $285,808.66
212 $285,808.66 $706.92 $0.00 $1,616.00 $288,131.58
213 $288,131.58 $706.92 $0.00 $1,629.14 $290,467.64
214 $290,467.64 $706.92 $0.00 $1,642.35 $292,816.91
215 $292,816.91 $706.92 $0.00 $1,655.63 $295,179.46
216 $295,179.46 $706.92 $0.00 $1,668.99 $297,555.37
217 $297,555.37 $706.92 $80,584.35 $1,682.42 $219,360.36
218 $219,360.36 $706.92 $0.00 $1,240.30 $221,307.58
219 $221,307.58 $706.92 $0.00 $1,251.31 $223,265.81
220 $223,265.81 $706.92 $0.00 $1,262.38 $225,235.11
221 $225,235.11 $706.92 $0.00 $1,273.51 $227,215.54
222 $227,215.54 $706.92 $0.00 $1,284.71 $229,207.17
223 $229,207.17 $706.92 $0.00 $1,295.97 $231,210.06
224 $231,210.06 $706.92 $0.00 $1,307.30 $233,224.28
225 $233,224.28 $706.92 $0.00 $1,318.68 $235,249.88
226 $235,249.88 $706.92 $0.00 $1,330.14 $237,286.94
227 $237,286.94 $706.92 $0.00 $1,341.65 $239,335.51
228 $239,335.51 $706.92 $0.00 $1,353.24 $241,395.67
229 $241,395.67 $706.92 $86,225.25 $1,364.89 $157,242.23
230 $157,242.23 $706.92 $0.00 $889.07 $158,838.22
231 $158,838.22 $706.92 $0.00 $898.09 $160,443.23
232 $160,443.23 $706.92 $0.00 $907.17 $162,057.32
233 $162,057.32 $706.92 $0.00 $916.30 $163,680.54
234 $163,680.54 $706.92 $0.00 $925.47 $165,312.93
235 $165,312.93 $706.92 $0.00 $934.70 $166,954.55
236 $166,954.55 $706.92 $0.00 $943.99 $168,605.46
237 $168,605.46 $706.92 $0.00 $953.32 $170,265.70
238 $170,265.70 $706.92 $0.00 $962.71 $171,935.33
239 $171,935.33 $706.92 $0.00 $972.15 $173,614.40
240 $173,614.40 $706.92 $0.00 $981.64 $175,302.96
241 $175,302.96 $706.92 $92,261.02 $991.19 $84,740.05
242 $84,740.05 $706.92 $0.00 $479.13 $85,926.10
243 $85,926.10 $706.92 $0.00 $485.84 $87,118.86
244 $87,118.86 $706.92 $0.00 $492.58 $88,318.36
245 $88,318.36 $706.92 $0.00 $499.36 $89,524.64
246 $89,524.64 $706.92 $0.00 $506.19 $90,737.75
247 $90,737.75 $706.92 $0.00 $513.04 $91,957.71
248 $91,957.71 $706.92 $0.00 $519.94 $93,184.57
249 $93,184.57 $706.92 $0.00 $526.88 $94,418.37
250 $94,418.37 $706.92 $0.00 $533.86 $95,659.15
251 $95,659.15 $706.92 $0.00 $540.87 $96,906.94
252 $96,906.94 $706.92 $0.00 $547.93 $98,161.79
253 $98,161.79 $0.00 $98,719.29 $555.02 -$2.48