Savings Plan and Future Cost Estimation for LeTourneau University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$185,100
Monthly savings required$1,463

How much will it cost to send your child to LeTourneau University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $740,400.89 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,462.88 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$49,338.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,462.88 $0.00 $0.00 $1,462.88
2 $1,462.88 $1,462.88 $0.00 $8.27 $2,934.03
3 $2,934.03 $1,462.88 $0.00 $16.59 $4,413.50
4 $4,413.50 $1,462.88 $0.00 $24.95 $5,901.33
5 $5,901.33 $1,462.88 $0.00 $33.37 $7,397.58
6 $7,397.58 $1,462.88 $0.00 $41.83 $8,902.29
7 $8,902.29 $1,462.88 $0.00 $50.33 $10,415.50
8 $10,415.50 $1,462.88 $0.00 $58.89 $11,937.27
9 $11,937.27 $1,462.88 $0.00 $67.50 $13,467.65
10 $13,467.65 $1,462.88 $0.00 $76.15 $15,006.68
11 $15,006.68 $1,462.88 $0.00 $84.85 $16,554.41
12 $16,554.41 $1,462.88 $0.00 $93.60 $18,110.89
13 $18,110.89 $1,462.88 $0.00 $102.40 $19,676.17
14 $19,676.17 $1,462.88 $0.00 $111.25 $21,250.30
15 $21,250.30 $1,462.88 $0.00 $120.15 $22,833.33
16 $22,833.33 $1,462.88 $0.00 $129.10 $24,425.31
17 $24,425.31 $1,462.88 $0.00 $138.10 $26,026.29
18 $26,026.29 $1,462.88 $0.00 $147.16 $27,636.33
19 $27,636.33 $1,462.88 $0.00 $156.26 $29,255.47
20 $29,255.47 $1,462.88 $0.00 $165.41 $30,883.76
21 $30,883.76 $1,462.88 $0.00 $174.62 $32,521.26
22 $32,521.26 $1,462.88 $0.00 $183.88 $34,168.02
23 $34,168.02 $1,462.88 $0.00 $193.19 $35,824.09
24 $35,824.09 $1,462.88 $0.00 $202.55 $37,489.52
25 $37,489.52 $1,462.88 $0.00 $211.97 $39,164.37
26 $39,164.37 $1,462.88 $0.00 $221.44 $40,848.69
27 $40,848.69 $1,462.88 $0.00 $230.96 $42,542.53
28 $42,542.53 $1,462.88 $0.00 $240.54 $44,245.95
29 $44,245.95 $1,462.88 $0.00 $250.17 $45,959.00
30 $45,959.00 $1,462.88 $0.00 $259.86 $47,681.74
31 $47,681.74 $1,462.88 $0.00 $269.60 $49,414.22
32 $49,414.22 $1,462.88 $0.00 $279.40 $51,156.50
33 $51,156.50 $1,462.88 $0.00 $289.25 $52,908.63
34 $52,908.63 $1,462.88 $0.00 $299.15 $54,670.66
35 $54,670.66 $1,462.88 $0.00 $309.12 $56,442.66
36 $56,442.66 $1,462.88 $0.00 $319.14 $58,224.68
37 $58,224.68 $1,462.88 $0.00 $329.21 $60,016.77
38 $60,016.77 $1,462.88 $0.00 $339.34 $61,818.99
39 $61,818.99 $1,462.88 $0.00 $349.53 $63,631.40
40 $63,631.40 $1,462.88 $0.00 $359.78 $65,454.06
41 $65,454.06 $1,462.88 $0.00 $370.09 $67,287.03
42 $67,287.03 $1,462.88 $0.00 $380.45 $69,130.36
43 $69,130.36 $1,462.88 $0.00 $390.87 $70,984.11
44 $70,984.11 $1,462.88 $0.00 $401.35 $72,848.34
45 $72,848.34 $1,462.88 $0.00 $411.90 $74,723.12
46 $74,723.12 $1,462.88 $0.00 $422.50 $76,608.50
47 $76,608.50 $1,462.88 $0.00 $433.16 $78,504.54
48 $78,504.54 $1,462.88 $0.00 $443.88 $80,411.30
49 $80,411.30 $1,462.88 $0.00 $454.66 $82,328.84
50 $82,328.84 $1,462.88 $0.00 $465.50 $84,257.22
51 $84,257.22 $1,462.88 $0.00 $476.40 $86,196.50
52 $86,196.50 $1,462.88 $0.00 $487.37 $88,146.75
53 $88,146.75 $1,462.88 $0.00 $498.39 $90,108.02
54 $90,108.02 $1,462.88 $0.00 $509.48 $92,080.38
55 $92,080.38 $1,462.88 $0.00 $520.64 $94,063.90
56 $94,063.90 $1,462.88 $0.00 $531.85 $96,058.63
57 $96,058.63 $1,462.88 $0.00 $543.13 $98,064.64
58 $98,064.64 $1,462.88 $0.00 $554.47 $100,081.99
59 $100,081.99 $1,462.88 $0.00 $565.88 $102,110.75
60 $102,110.75 $1,462.88 $0.00 $577.35 $104,150.98
61 $104,150.98 $1,462.88 $0.00 $588.88 $106,202.74
62 $106,202.74 $1,462.88 $0.00 $600.49 $108,266.11
63 $108,266.11 $1,462.88 $0.00 $612.15 $110,341.14
64 $110,341.14 $1,462.88 $0.00 $623.88 $112,427.90
65 $112,427.90 $1,462.88 $0.00 $635.68 $114,526.46
66 $114,526.46 $1,462.88 $0.00 $647.55 $116,636.89
67 $116,636.89 $1,462.88 $0.00 $659.48 $118,759.25
68 $118,759.25 $1,462.88 $0.00 $671.48 $120,893.61
69 $120,893.61 $1,462.88 $0.00 $683.55 $123,040.04
70 $123,040.04 $1,462.88 $0.00 $695.69 $125,198.61
71 $125,198.61 $1,462.88 $0.00 $707.89 $127,369.38
72 $127,369.38 $1,462.88 $0.00 $720.16 $129,552.42
73 $129,552.42 $1,462.88 $0.00 $732.51 $131,747.81
74 $131,747.81 $1,462.88 $0.00 $744.92 $133,955.61
75 $133,955.61 $1,462.88 $0.00 $757.40 $136,175.89
76 $136,175.89 $1,462.88 $0.00 $769.96 $138,408.73
77 $138,408.73 $1,462.88 $0.00 $782.58 $140,654.19
78 $140,654.19 $1,462.88 $0.00 $795.28 $142,912.35
79 $142,912.35 $1,462.88 $0.00 $808.05 $145,183.28
80 $145,183.28 $1,462.88 $0.00 $820.89 $147,467.05
81 $147,467.05 $1,462.88 $0.00 $833.80 $149,763.73
82 $149,763.73 $1,462.88 $0.00 $846.79 $152,073.40
83 $152,073.40 $1,462.88 $0.00 $859.85 $154,396.13
84 $154,396.13 $1,462.88 $0.00 $872.98 $156,731.99
85 $156,731.99 $1,462.88 $0.00 $886.19 $159,081.06
86 $159,081.06 $1,462.88 $0.00 $899.47 $161,443.41
87 $161,443.41 $1,462.88 $0.00 $912.82 $163,819.11
88 $163,819.11 $1,462.88 $0.00 $926.26 $166,208.25
89 $166,208.25 $1,462.88 $0.00 $939.77 $168,610.90
90 $168,610.90 $1,462.88 $0.00 $953.35 $171,027.13
91 $171,027.13 $1,462.88 $0.00 $967.01 $173,457.02
92 $173,457.02 $1,462.88 $0.00 $980.75 $175,900.65
93 $175,900.65 $1,462.88 $0.00 $994.57 $178,358.10
94 $178,358.10 $1,462.88 $0.00 $1,008.46 $180,829.44
95 $180,829.44 $1,462.88 $0.00 $1,022.44 $183,314.76
96 $183,314.76 $1,462.88 $0.00 $1,036.49 $185,814.13
97 $185,814.13 $1,462.88 $0.00 $1,050.62 $188,327.63
98 $188,327.63 $1,462.88 $0.00 $1,064.83 $190,855.34
99 $190,855.34 $1,462.88 $0.00 $1,079.12 $193,397.34
100 $193,397.34 $1,462.88 $0.00 $1,093.50 $195,953.72
101 $195,953.72 $1,462.88 $0.00 $1,107.95 $198,524.55
102 $198,524.55 $1,462.88 $0.00 $1,122.49 $201,109.92
103 $201,109.92 $1,462.88 $0.00 $1,137.10 $203,709.90
104 $203,709.90 $1,462.88 $0.00 $1,151.81 $206,324.59
105 $206,324.59 $1,462.88 $0.00 $1,166.59 $208,954.06
106 $208,954.06 $1,462.88 $0.00 $1,181.46 $211,598.40
107 $211,598.40 $1,462.88 $0.00 $1,196.41 $214,257.69
108 $214,257.69 $1,462.88 $0.00 $1,211.44 $216,932.01
109 $216,932.01 $1,462.88 $0.00 $1,226.57 $219,621.46
110 $219,621.46 $1,462.88 $0.00 $1,241.77 $222,326.11
111 $222,326.11 $1,462.88 $0.00 $1,257.06 $225,046.05
112 $225,046.05 $1,462.88 $0.00 $1,272.44 $227,781.37
113 $227,781.37 $1,462.88 $0.00 $1,287.91 $230,532.16
114 $230,532.16 $1,462.88 $0.00 $1,303.46 $233,298.50
115 $233,298.50 $1,462.88 $0.00 $1,319.10 $236,080.48
116 $236,080.48 $1,462.88 $0.00 $1,334.83 $238,878.19
117 $238,878.19 $1,462.88 $0.00 $1,350.65 $241,691.72
118 $241,691.72 $1,462.88 $0.00 $1,366.56 $244,521.16
119 $244,521.16 $1,462.88 $0.00 $1,382.56 $247,366.60
120 $247,366.60 $1,462.88 $0.00 $1,398.65 $250,228.13
121 $250,228.13 $1,462.88 $0.00 $1,414.83 $253,105.84
122 $253,105.84 $1,462.88 $0.00 $1,431.10 $255,999.82
123 $255,999.82 $1,462.88 $0.00 $1,447.46 $258,910.16
124 $258,910.16 $1,462.88 $0.00 $1,463.92 $261,836.96
125 $261,836.96 $1,462.88 $0.00 $1,480.46 $264,780.30
126 $264,780.30 $1,462.88 $0.00 $1,497.11 $267,740.29
127 $267,740.29 $1,462.88 $0.00 $1,513.84 $270,717.01
128 $270,717.01 $1,462.88 $0.00 $1,530.67 $273,710.56
129 $273,710.56 $1,462.88 $0.00 $1,547.60 $276,721.04
130 $276,721.04 $1,462.88 $0.00 $1,564.62 $279,748.54
131 $279,748.54 $1,462.88 $0.00 $1,581.74 $282,793.16
132 $282,793.16 $1,462.88 $0.00 $1,598.95 $285,854.99
133 $285,854.99 $1,462.88 $0.00 $1,616.27 $288,934.14
134 $288,934.14 $1,462.88 $0.00 $1,633.68 $292,030.70
135 $292,030.70 $1,462.88 $0.00 $1,651.18 $295,144.76
136 $295,144.76 $1,462.88 $0.00 $1,668.79 $298,276.43
137 $298,276.43 $1,462.88 $0.00 $1,686.50 $301,425.81
138 $301,425.81 $1,462.88 $0.00 $1,704.31 $304,593.00
139 $304,593.00 $1,462.88 $0.00 $1,722.21 $307,778.09
140 $307,778.09 $1,462.88 $0.00 $1,740.22 $310,981.19
141 $310,981.19 $1,462.88 $0.00 $1,758.33 $314,202.40
142 $314,202.40 $1,462.88 $0.00 $1,776.55 $317,441.83
143 $317,441.83 $1,462.88 $0.00 $1,794.86 $320,699.57
144 $320,699.57 $1,462.88 $0.00 $1,813.28 $323,975.73
145 $323,975.73 $1,462.88 $0.00 $1,831.81 $327,270.42
146 $327,270.42 $1,462.88 $0.00 $1,850.43 $330,583.73
147 $330,583.73 $1,462.88 $0.00 $1,869.17 $333,915.78
148 $333,915.78 $1,462.88 $0.00 $1,888.01 $337,266.67
149 $337,266.67 $1,462.88 $0.00 $1,906.95 $340,636.50
150 $340,636.50 $1,462.88 $0.00 $1,926.01 $344,025.39
151 $344,025.39 $1,462.88 $0.00 $1,945.17 $347,433.44
152 $347,433.44 $1,462.88 $0.00 $1,964.44 $350,860.76
153 $350,860.76 $1,462.88 $0.00 $1,983.82 $354,307.46
154 $354,307.46 $1,462.88 $0.00 $2,003.31 $357,773.65
155 $357,773.65 $1,462.88 $0.00 $2,022.90 $361,259.43
156 $361,259.43 $1,462.88 $0.00 $2,042.61 $364,764.92
157 $364,764.92 $1,462.88 $0.00 $2,062.43 $368,290.23
158 $368,290.23 $1,462.88 $0.00 $2,082.37 $371,835.48
159 $371,835.48 $1,462.88 $0.00 $2,102.41 $375,400.77
160 $375,400.77 $1,462.88 $0.00 $2,122.57 $378,986.22
161 $378,986.22 $1,462.88 $0.00 $2,142.84 $382,591.94
162 $382,591.94 $1,462.88 $0.00 $2,163.23 $386,218.05
163 $386,218.05 $1,462.88 $0.00 $2,183.73 $389,864.66
164 $389,864.66 $1,462.88 $0.00 $2,204.35 $393,531.89
165 $393,531.89 $1,462.88 $0.00 $2,225.09 $397,219.86
166 $397,219.86 $1,462.88 $0.00 $2,245.94 $400,928.68
167 $400,928.68 $1,462.88 $0.00 $2,266.91 $404,658.47
168 $404,658.47 $1,462.88 $0.00 $2,288.00 $408,409.35
169 $408,409.35 $1,462.88 $0.00 $2,309.21 $412,181.44
170 $412,181.44 $1,462.88 $0.00 $2,330.53 $415,974.85
171 $415,974.85 $1,462.88 $0.00 $2,351.98 $419,789.71
172 $419,789.71 $1,462.88 $0.00 $2,373.55 $423,626.14
173 $423,626.14 $1,462.88 $0.00 $2,395.24 $427,484.26
174 $427,484.26 $1,462.88 $0.00 $2,417.06 $431,364.20
175 $431,364.20 $1,462.88 $0.00 $2,439.00 $435,266.08
176 $435,266.08 $1,462.88 $0.00 $2,461.06 $439,190.02
177 $439,190.02 $1,462.88 $0.00 $2,483.24 $443,136.14
178 $443,136.14 $1,462.88 $0.00 $2,505.56 $447,104.58
179 $447,104.58 $1,462.88 $0.00 $2,527.99 $451,095.45
180 $451,095.45 $1,462.88 $0.00 $2,550.56 $455,108.89
181 $455,108.89 $1,462.88 $0.00 $2,573.25 $459,145.02
182 $459,145.02 $1,462.88 $0.00 $2,596.07 $463,203.97
183 $463,203.97 $1,462.88 $0.00 $2,619.02 $467,285.87
184 $467,285.87 $1,462.88 $0.00 $2,642.10 $471,390.85
185 $471,390.85 $1,462.88 $0.00 $2,665.31 $475,519.04
186 $475,519.04 $1,462.88 $0.00 $2,688.65 $479,670.57
187 $479,670.57 $1,462.88 $0.00 $2,712.13 $483,845.58
188 $483,845.58 $1,462.88 $0.00 $2,735.73 $488,044.19
189 $488,044.19 $1,462.88 $0.00 $2,759.47 $492,266.54
190 $492,266.54 $1,462.88 $0.00 $2,783.35 $496,512.77
191 $496,512.77 $1,462.88 $0.00 $2,807.36 $500,783.01
192 $500,783.01 $1,462.88 $0.00 $2,831.50 $505,077.39
193 $505,077.39 $1,462.88 $0.00 $2,855.78 $509,396.05
194 $509,396.05 $1,462.88 $0.00 $2,880.20 $513,739.13
195 $513,739.13 $1,462.88 $0.00 $2,904.76 $518,106.77
196 $518,106.77 $1,462.88 $0.00 $2,929.45 $522,499.10
197 $522,499.10 $1,462.88 $0.00 $2,954.29 $526,916.27
198 $526,916.27 $1,462.88 $0.00 $2,979.26 $531,358.41
199 $531,358.41 $1,462.88 $0.00 $3,004.38 $535,825.67
200 $535,825.67 $1,462.88 $0.00 $3,029.64 $540,318.19
201 $540,318.19 $1,462.88 $0.00 $3,055.04 $544,836.11
202 $544,836.11 $1,462.88 $0.00 $3,080.58 $549,379.57
203 $549,379.57 $1,462.88 $0.00 $3,106.27 $553,948.72
204 $553,948.72 $1,462.88 $0.00 $3,132.11 $558,543.71
205 $558,543.71 $1,462.88 $0.00 $3,158.09 $563,164.68
206 $563,164.68 $1,462.88 $0.00 $3,184.21 $567,811.77
207 $567,811.77 $1,462.88 $0.00 $3,210.49 $572,485.14
208 $572,485.14 $1,462.88 $0.00 $3,236.91 $577,184.93
209 $577,184.93 $1,462.88 $0.00 $3,263.49 $581,911.30
210 $581,911.30 $1,462.88 $0.00 $3,290.21 $586,664.39
211 $586,664.39 $1,462.88 $0.00 $3,317.09 $591,444.36
212 $591,444.36 $1,462.88 $0.00 $3,344.11 $596,251.35
213 $596,251.35 $1,462.88 $0.00 $3,371.29 $601,085.52
214 $601,085.52 $1,462.88 $0.00 $3,398.62 $605,947.02
215 $605,947.02 $1,462.88 $0.00 $3,426.11 $610,836.01
216 $610,836.01 $1,462.88 $0.00 $3,453.76 $615,752.65
217 $615,752.65 $1,462.88 $166,759.10 $3,481.56 $453,937.99
218 $453,937.99 $1,462.88 $0.00 $2,566.63 $457,967.50
219 $457,967.50 $1,462.88 $0.00 $2,589.41 $462,019.79
220 $462,019.79 $1,462.88 $0.00 $2,612.33 $466,095.00
221 $466,095.00 $1,462.88 $0.00 $2,635.37 $470,193.25
222 $470,193.25 $1,462.88 $0.00 $2,658.54 $474,314.67
223 $474,314.67 $1,462.88 $0.00 $2,681.84 $478,459.39
224 $478,459.39 $1,462.88 $0.00 $2,705.28 $482,627.55
225 $482,627.55 $1,462.88 $0.00 $2,728.85 $486,819.28
226 $486,819.28 $1,462.88 $0.00 $2,752.55 $491,034.71
227 $491,034.71 $1,462.88 $0.00 $2,776.38 $495,273.97
228 $495,273.97 $1,462.88 $0.00 $2,800.35 $499,537.20
229 $499,537.20 $1,462.88 $178,432.24 $2,824.46 $325,392.30
230 $325,392.30 $1,462.88 $0.00 $1,839.82 $328,695.00
231 $328,695.00 $1,462.88 $0.00 $1,858.49 $332,016.37
232 $332,016.37 $1,462.88 $0.00 $1,877.27 $335,356.52
233 $335,356.52 $1,462.88 $0.00 $1,896.15 $338,715.55
234 $338,715.55 $1,462.88 $0.00 $1,915.15 $342,093.58
235 $342,093.58 $1,462.88 $0.00 $1,934.25 $345,490.71
236 $345,490.71 $1,462.88 $0.00 $1,953.45 $348,907.04
237 $348,907.04 $1,462.88 $0.00 $1,972.77 $352,342.69
238 $352,342.69 $1,462.88 $0.00 $1,992.20 $355,797.77
239 $355,797.77 $1,462.88 $0.00 $2,011.73 $359,272.38
240 $359,272.38 $1,462.88 $0.00 $2,031.38 $362,766.64
241 $362,766.64 $1,462.88 $190,922.49 $2,051.14 $175,358.17
242 $175,358.17 $1,462.88 $0.00 $991.50 $177,812.55
243 $177,812.55 $1,462.88 $0.00 $1,005.38 $180,280.81
244 $180,280.81 $1,462.88 $0.00 $1,019.33 $182,763.02
245 $182,763.02 $1,462.88 $0.00 $1,033.37 $185,259.27
246 $185,259.27 $1,462.88 $0.00 $1,047.48 $187,769.63
247 $187,769.63 $1,462.88 $0.00 $1,061.68 $190,294.19
248 $190,294.19 $1,462.88 $0.00 $1,075.95 $192,833.02
249 $192,833.02 $1,462.88 $0.00 $1,090.31 $195,386.21
250 $195,386.21 $1,462.88 $0.00 $1,104.74 $197,953.83
251 $197,953.83 $1,462.88 $0.00 $1,119.26 $200,535.97
252 $200,535.97 $1,462.88 $0.00 $1,133.86 $203,132.71
253 $203,132.71 $0.00 $204,287.07 $1,148.54 -$5.82