Yes- you can indeed premix your lye solution for use later later the same day, or even weeks or months later. That's actually the way I do it all the time.
I make a large (for me) quantity of 50% lye solution in a plastic PP #5 container with lid, and when it has cooled down I store it in an airtight HDPE container (actually a thoroughly cleaned-out, reclaimed detergent bottle with a no-drip spout and cover). As long as it is stored in a proper container and properly covered, it lasts for months.
The reason I like working from a 50% solution is because it's super easy to figure out the math that it takes to tailor it to use with
any recipe no matter how big or small the batch, or what lye solution your formula calls for. To tailor it, I just use this simple 2-part equation, which works across the board with every formula no matter what:
How much 50% lye solution to weigh out for your batch: Total recipe amount of dry lye your formula calls for, multiplied by 2, equals how much of the 50% lye solution to weigh out for your batch.
How much extra water to weigh out for your batch: Total recipe amount of liquid, minus the total recipe amount of dry lye for your formula, equals how much more liquid to weigh out for your batch.
That's all it takes to figure it out. Easy-peasy.
Or by doing this will the lye to water ratio be off by just enough to mess me all up
I'm glad you asked this because there is some slight evaporation that takes place when mixing the 50% solution. After my very first masterbatch in which I made sure to weigh everything from beginning to end (container/cover and all), I figured out that my water loss from the heat reaction during mixing came to 6 grams worth, i.e., it weighed 6 grams less than it should have (I just added 6 grams of water back in to compensate and all went well).
The size of my 50/50 masterbatch is a little over 4 lbs. worth, so as a result of my first experience, after having first weighed out my container and cover, I now weigh out 2 lbs 3.3 oz (or 1002 grams) of lye. And then I weigh out 2 lbs 3.6 oz (or 1008 grams) of water- a 6 grams excess. In the end, right when I get done mixing, I weigh my finished solution to see if it all adds up correctly (the weight should be 2004 grams if all went well). If it comes up short (which surprisingly has never happened yet with my subsequent masterbatches), I would just add more water at this time to equal 2004 grams, but so far, all has gone well and it weighs out 2004 grams - an even 1:1 ratio. When I go to weigh the solution later, after it has cooled off, it's still 2004 grams (I cover my container as soon as I'm done mixing).
I hope that made sense and that I didn't cause more confusion.
Trust me, it sounds more complicated than it really is.
If you need me to clarify anything I said, just let me know.
HTH!
IrishLass