8E: The Impact of Education on Individuals: Lifetime Earnings (Source: Federal Reserve Bank of Dallas, 2005). Less than 9th Grade: Estimated Lifetime Earnings, $976,350; Difference Compared to High School Graduate, $-478,903. High school dropout: Estimated Lifetime Earnings, $1,150,698; Difference Compared to High School Graduate, $-304,555. High school graduate: Estimated Lifetime Earnings, $1,455,253; Difference Compared to High School Graduate, $0. Some college, no degree: Estimated Lifetime Earnings, $1,725,822; Difference Compared to High School Graduate, $270,569. Associate degree: Estimated Lifetime Earnings, $1,801,373; Difference Compared to High School Graduate, $346,120. Bachelor's degree: Estimated Lifetime Earnings, $2,567,174; Difference Compared to High School Graduate, $1,111,921. Master's degree: Estimated Lifetime Earnings, $2,963,076; Difference Compared to High School Graduate, $1,507,823.