Savings Plan and Future Cost Estimation for Northeastern Illinois University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$121,783
Monthly savings required$962

How much will it cost to send your child to Northeastern Illinois University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $487,132.70 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $962.48 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$32,461.00
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 $962.48 $0.00 $0.00 $962.48
2 $962.48 $962.48 $0.00 $5.44 $1,930.40
3 $1,930.40 $962.48 $0.00 $10.91 $2,903.79
4 $2,903.79 $962.48 $0.00 $16.42 $3,882.69
5 $3,882.69 $962.48 $0.00 $21.95 $4,867.12
6 $4,867.12 $962.48 $0.00 $27.52 $5,857.12
7 $5,857.12 $962.48 $0.00 $33.12 $6,852.72
8 $6,852.72 $962.48 $0.00 $38.75 $7,853.95
9 $7,853.95 $962.48 $0.00 $44.41 $8,860.84
10 $8,860.84 $962.48 $0.00 $50.10 $9,873.42
11 $9,873.42 $962.48 $0.00 $55.83 $10,891.73
12 $10,891.73 $962.48 $0.00 $61.58 $11,915.79
13 $11,915.79 $962.48 $0.00 $67.37 $12,945.64
14 $12,945.64 $962.48 $0.00 $73.20 $13,981.32
15 $13,981.32 $962.48 $0.00 $79.05 $15,022.85
16 $15,022.85 $962.48 $0.00 $84.94 $16,070.27
17 $16,070.27 $962.48 $0.00 $90.86 $17,123.61
18 $17,123.61 $962.48 $0.00 $96.82 $18,182.91
19 $18,182.91 $962.48 $0.00 $102.81 $19,248.20
20 $19,248.20 $962.48 $0.00 $108.83 $20,319.51
21 $20,319.51 $962.48 $0.00 $114.89 $21,396.88
22 $21,396.88 $962.48 $0.00 $120.98 $22,480.34
23 $22,480.34 $962.48 $0.00 $127.11 $23,569.93
24 $23,569.93 $962.48 $0.00 $133.27 $24,665.68
25 $24,665.68 $962.48 $0.00 $139.46 $25,767.62
26 $25,767.62 $962.48 $0.00 $145.69 $26,875.79
27 $26,875.79 $962.48 $0.00 $151.96 $27,990.23
28 $27,990.23 $962.48 $0.00 $158.26 $29,110.97
29 $29,110.97 $962.48 $0.00 $164.60 $30,238.05
30 $30,238.05 $962.48 $0.00 $170.97 $31,371.50
31 $31,371.50 $962.48 $0.00 $177.38 $32,511.36
32 $32,511.36 $962.48 $0.00 $183.82 $33,657.66
33 $33,657.66 $962.48 $0.00 $190.31 $34,810.45
34 $34,810.45 $962.48 $0.00 $196.82 $35,969.75
35 $35,969.75 $962.48 $0.00 $203.38 $37,135.61
36 $37,135.61 $962.48 $0.00 $209.97 $38,308.06
37 $38,308.06 $962.48 $0.00 $216.60 $39,487.14
38 $39,487.14 $962.48 $0.00 $223.27 $40,672.89
39 $40,672.89 $962.48 $0.00 $229.97 $41,865.34
40 $41,865.34 $962.48 $0.00 $236.71 $43,064.53
41 $43,064.53 $962.48 $0.00 $243.49 $44,270.50
42 $44,270.50 $962.48 $0.00 $250.31 $45,483.29
43 $45,483.29 $962.48 $0.00 $257.17 $46,702.94
44 $46,702.94 $962.48 $0.00 $264.07 $47,929.49
45 $47,929.49 $962.48 $0.00 $271.00 $49,162.97
46 $49,162.97 $962.48 $0.00 $277.97 $50,403.42
47 $50,403.42 $962.48 $0.00 $284.99 $51,650.89
48 $51,650.89 $962.48 $0.00 $292.04 $52,905.41
49 $52,905.41 $962.48 $0.00 $299.13 $54,167.02
50 $54,167.02 $962.48 $0.00 $306.27 $55,435.77
51 $55,435.77 $962.48 $0.00 $313.44 $56,711.69
52 $56,711.69 $962.48 $0.00 $320.66 $57,994.83
53 $57,994.83 $962.48 $0.00 $327.91 $59,285.22
54 $59,285.22 $962.48 $0.00 $335.21 $60,582.91
55 $60,582.91 $962.48 $0.00 $342.54 $61,887.93
56 $61,887.93 $962.48 $0.00 $349.92 $63,200.33
57 $63,200.33 $962.48 $0.00 $357.34 $64,520.15
58 $64,520.15 $962.48 $0.00 $364.81 $65,847.44
59 $65,847.44 $962.48 $0.00 $372.31 $67,182.23
60 $67,182.23 $962.48 $0.00 $379.86 $68,524.57
61 $68,524.57 $962.48 $0.00 $387.45 $69,874.50
62 $69,874.50 $962.48 $0.00 $395.08 $71,232.06
63 $71,232.06 $962.48 $0.00 $402.76 $72,597.30
64 $72,597.30 $962.48 $0.00 $410.48 $73,970.26
65 $73,970.26 $962.48 $0.00 $418.24 $75,350.98
66 $75,350.98 $962.48 $0.00 $426.05 $76,739.51
67 $76,739.51 $962.48 $0.00 $433.90 $78,135.89
68 $78,135.89 $962.48 $0.00 $441.79 $79,540.16
69 $79,540.16 $962.48 $0.00 $449.73 $80,952.37
70 $80,952.37 $962.48 $0.00 $457.72 $82,372.57
71 $82,372.57 $962.48 $0.00 $465.75 $83,800.80
72 $83,800.80 $962.48 $0.00 $473.82 $85,237.10
73 $85,237.10 $962.48 $0.00 $481.94 $86,681.52
74 $86,681.52 $962.48 $0.00 $490.11 $88,134.11
75 $88,134.11 $962.48 $0.00 $498.32 $89,594.91
76 $89,594.91 $962.48 $0.00 $506.58 $91,063.97
77 $91,063.97 $962.48 $0.00 $514.89 $92,541.34
78 $92,541.34 $962.48 $0.00 $523.24 $94,027.06
79 $94,027.06 $962.48 $0.00 $531.64 $95,521.18
80 $95,521.18 $962.48 $0.00 $540.09 $97,023.75
81 $97,023.75 $962.48 $0.00 $548.59 $98,534.82
82 $98,534.82 $962.48 $0.00 $557.13 $100,054.43
83 $100,054.43 $962.48 $0.00 $565.72 $101,582.63
84 $101,582.63 $962.48 $0.00 $574.36 $103,119.47
85 $103,119.47 $962.48 $0.00 $583.05 $104,665.00
86 $104,665.00 $962.48 $0.00 $591.79 $106,219.27
87 $106,219.27 $962.48 $0.00 $600.58 $107,782.33
88 $107,782.33 $962.48 $0.00 $609.42 $109,354.23
89 $109,354.23 $962.48 $0.00 $618.30 $110,935.01
90 $110,935.01 $962.48 $0.00 $627.24 $112,524.73
91 $112,524.73 $962.48 $0.00 $636.23 $114,123.44
92 $114,123.44 $962.48 $0.00 $645.27 $115,731.19
93 $115,731.19 $962.48 $0.00 $654.36 $117,348.03
94 $117,348.03 $962.48 $0.00 $663.50 $118,974.01
95 $118,974.01 $962.48 $0.00 $672.70 $120,609.19
96 $120,609.19 $962.48 $0.00 $681.94 $122,253.61
97 $122,253.61 $962.48 $0.00 $691.24 $123,907.33
98 $123,907.33 $962.48 $0.00 $700.59 $125,570.40
99 $125,570.40 $962.48 $0.00 $709.99 $127,242.87
100 $127,242.87 $962.48 $0.00 $719.45 $128,924.80
101 $128,924.80 $962.48 $0.00 $728.96 $130,616.24
102 $130,616.24 $962.48 $0.00 $738.52 $132,317.24
103 $132,317.24 $962.48 $0.00 $748.14 $134,027.86
104 $134,027.86 $962.48 $0.00 $757.81 $135,748.15
105 $135,748.15 $962.48 $0.00 $767.54 $137,478.17
106 $137,478.17 $962.48 $0.00 $777.32 $139,217.97
107 $139,217.97 $962.48 $0.00 $787.16 $140,967.61
108 $140,967.61 $962.48 $0.00 $797.05 $142,727.14
109 $142,727.14 $962.48 $0.00 $807.00 $144,496.62
110 $144,496.62 $962.48 $0.00 $817.00 $146,276.10
111 $146,276.10 $962.48 $0.00 $827.07 $148,065.65
112 $148,065.65 $962.48 $0.00 $837.18 $149,865.31
113 $149,865.31 $962.48 $0.00 $847.36 $151,675.15
114 $151,675.15 $962.48 $0.00 $857.59 $153,495.22
115 $153,495.22 $962.48 $0.00 $867.88 $155,325.58
116 $155,325.58 $962.48 $0.00 $878.23 $157,166.29
117 $157,166.29 $962.48 $0.00 $888.64 $159,017.41
118 $159,017.41 $962.48 $0.00 $899.11 $160,879.00
119 $160,879.00 $962.48 $0.00 $909.63 $162,751.11
120 $162,751.11 $962.48 $0.00 $920.22 $164,633.81
121 $164,633.81 $962.48 $0.00 $930.86 $166,527.15
122 $166,527.15 $962.48 $0.00 $941.57 $168,431.20
123 $168,431.20 $962.48 $0.00 $952.33 $170,346.01
124 $170,346.01 $962.48 $0.00 $963.16 $172,271.65
125 $172,271.65 $962.48 $0.00 $974.05 $174,208.18
126 $174,208.18 $962.48 $0.00 $985.00 $176,155.66
127 $176,155.66 $962.48 $0.00 $996.01 $178,114.15
128 $178,114.15 $962.48 $0.00 $1,007.08 $180,083.71
129 $180,083.71 $962.48 $0.00 $1,018.22 $182,064.41
130 $182,064.41 $962.48 $0.00 $1,029.42 $184,056.31
131 $184,056.31 $962.48 $0.00 $1,040.68 $186,059.47
132 $186,059.47 $962.48 $0.00 $1,052.01 $188,073.96
133 $188,073.96 $962.48 $0.00 $1,063.40 $190,099.84
134 $190,099.84 $962.48 $0.00 $1,074.85 $192,137.17
135 $192,137.17 $962.48 $0.00 $1,086.37 $194,186.02
136 $194,186.02 $962.48 $0.00 $1,097.96 $196,246.46
137 $196,246.46 $962.48 $0.00 $1,109.61 $198,318.55
138 $198,318.55 $962.48 $0.00 $1,121.32 $200,402.35
139 $200,402.35 $962.48 $0.00 $1,133.10 $202,497.93
140 $202,497.93 $962.48 $0.00 $1,144.95 $204,605.36
141 $204,605.36 $962.48 $0.00 $1,156.87 $206,724.71
142 $206,724.71 $962.48 $0.00 $1,168.85 $208,856.04
143 $208,856.04 $962.48 $0.00 $1,180.90 $210,999.42
144 $210,999.42 $962.48 $0.00 $1,193.02 $213,154.92
145 $213,154.92 $962.48 $0.00 $1,205.21 $215,322.61
146 $215,322.61 $962.48 $0.00 $1,217.47 $217,502.56
147 $217,502.56 $962.48 $0.00 $1,229.79 $219,694.83
148 $219,694.83 $962.48 $0.00 $1,242.19 $221,899.50
149 $221,899.50 $962.48 $0.00 $1,254.65 $224,116.63
150 $224,116.63 $962.48 $0.00 $1,267.19 $226,346.30
151 $226,346.30 $962.48 $0.00 $1,279.79 $228,588.57
152 $228,588.57 $962.48 $0.00 $1,292.47 $230,843.52
153 $230,843.52 $962.48 $0.00 $1,305.22 $233,111.22
154 $233,111.22 $962.48 $0.00 $1,318.04 $235,391.74
155 $235,391.74 $962.48 $0.00 $1,330.94 $237,685.16
156 $237,685.16 $962.48 $0.00 $1,343.91 $239,991.55
157 $239,991.55 $962.48 $0.00 $1,356.95 $242,310.98
158 $242,310.98 $962.48 $0.00 $1,370.06 $244,643.52
159 $244,643.52 $962.48 $0.00 $1,383.25 $246,989.25
160 $246,989.25 $962.48 $0.00 $1,396.51 $249,348.24
161 $249,348.24 $962.48 $0.00 $1,409.85 $251,720.57
162 $251,720.57 $962.48 $0.00 $1,423.26 $254,106.31
163 $254,106.31 $962.48 $0.00 $1,436.75 $256,505.54
164 $256,505.54 $962.48 $0.00 $1,450.32 $258,918.34
165 $258,918.34 $962.48 $0.00 $1,463.96 $261,344.78
166 $261,344.78 $962.48 $0.00 $1,477.68 $263,784.94
167 $263,784.94 $962.48 $0.00 $1,491.48 $266,238.90
168 $266,238.90 $962.48 $0.00 $1,505.35 $268,706.73
169 $268,706.73 $962.48 $0.00 $1,519.31 $271,188.52
170 $271,188.52 $962.48 $0.00 $1,533.34 $273,684.34
171 $273,684.34 $962.48 $0.00 $1,547.45 $276,194.27
172 $276,194.27 $962.48 $0.00 $1,561.64 $278,718.39
173 $278,718.39 $962.48 $0.00 $1,575.91 $281,256.78
174 $281,256.78 $962.48 $0.00 $1,590.27 $283,809.53
175 $283,809.53 $962.48 $0.00 $1,604.70 $286,376.71
176 $286,376.71 $962.48 $0.00 $1,619.22 $288,958.41
177 $288,958.41 $962.48 $0.00 $1,633.81 $291,554.70
178 $291,554.70 $962.48 $0.00 $1,648.49 $294,165.67
179 $294,165.67 $962.48 $0.00 $1,663.26 $296,791.41
180 $296,791.41 $962.48 $0.00 $1,678.10 $299,431.99
181 $299,431.99 $962.48 $0.00 $1,693.03 $302,087.50
182 $302,087.50 $962.48 $0.00 $1,708.05 $304,758.03
183 $304,758.03 $962.48 $0.00 $1,723.15 $307,443.66
184 $307,443.66 $962.48 $0.00 $1,738.33 $310,144.47
185 $310,144.47 $962.48 $0.00 $1,753.60 $312,860.55
186 $312,860.55 $962.48 $0.00 $1,768.96 $315,591.99
187 $315,591.99 $962.48 $0.00 $1,784.40 $318,338.87
188 $318,338.87 $962.48 $0.00 $1,799.93 $321,101.28
189 $321,101.28 $962.48 $0.00 $1,815.55 $323,879.31
190 $323,879.31 $962.48 $0.00 $1,831.26 $326,673.05
191 $326,673.05 $962.48 $0.00 $1,847.06 $329,482.59
192 $329,482.59 $962.48 $0.00 $1,862.94 $332,308.01
193 $332,308.01 $962.48 $0.00 $1,878.92 $335,149.41
194 $335,149.41 $962.48 $0.00 $1,894.98 $338,006.87
195 $338,006.87 $962.48 $0.00 $1,911.14 $340,880.49
196 $340,880.49 $962.48 $0.00 $1,927.39 $343,770.36
197 $343,770.36 $962.48 $0.00 $1,943.73 $346,676.57
198 $346,676.57 $962.48 $0.00 $1,960.16 $349,599.21
199 $349,599.21 $962.48 $0.00 $1,976.68 $352,538.37
200 $352,538.37 $962.48 $0.00 $1,993.30 $355,494.15
201 $355,494.15 $962.48 $0.00 $2,010.02 $358,466.65
202 $358,466.65 $962.48 $0.00 $2,026.82 $361,455.95
203 $361,455.95 $962.48 $0.00 $2,043.72 $364,462.15
204 $364,462.15 $962.48 $0.00 $2,060.72 $367,485.35
205 $367,485.35 $962.48 $0.00 $2,077.82 $370,525.65
206 $370,525.65 $962.48 $0.00 $2,095.01 $373,583.14
207 $373,583.14 $962.48 $0.00 $2,112.29 $376,657.91
208 $376,657.91 $962.48 $0.00 $2,129.68 $379,750.07
209 $379,750.07 $962.48 $0.00 $2,147.16 $382,859.71
210 $382,859.71 $962.48 $0.00 $2,164.74 $385,986.93
211 $385,986.93 $962.48 $0.00 $2,182.43 $389,131.84
212 $389,131.84 $962.48 $0.00 $2,200.21 $392,294.53
213 $392,294.53 $962.48 $0.00 $2,218.09 $395,475.10
214 $395,475.10 $962.48 $0.00 $2,236.07 $398,673.65
215 $398,673.65 $962.48 $0.00 $2,254.16 $401,890.29
216 $401,890.29 $962.48 $0.00 $2,272.35 $405,125.12
217 $405,125.12 $962.48 $109,715.98 $2,290.64 $298,662.26
218 $298,662.26 $962.48 $0.00 $1,688.68 $301,313.42
219 $301,313.42 $962.48 $0.00 $1,703.67 $303,979.57
220 $303,979.57 $962.48 $0.00 $1,718.74 $306,660.79
221 $306,660.79 $962.48 $0.00 $1,733.90 $309,357.17
222 $309,357.17 $962.48 $0.00 $1,749.15 $312,068.80
223 $312,068.80 $962.48 $0.00 $1,764.48 $314,795.76
224 $314,795.76 $962.48 $0.00 $1,779.90 $317,538.14
225 $317,538.14 $962.48 $0.00 $1,795.41 $320,296.03
226 $320,296.03 $962.48 $0.00 $1,811.00 $323,069.51
227 $323,069.51 $962.48 $0.00 $1,826.68 $325,858.67
228 $325,858.67 $962.48 $0.00 $1,842.45 $328,663.60
229 $328,663.60 $962.48 $117,396.10 $1,858.31 $214,088.29
230 $214,088.29 $962.48 $0.00 $1,210.49 $216,261.26
231 $216,261.26 $962.48 $0.00 $1,222.77 $218,446.51
232 $218,446.51 $962.48 $0.00 $1,235.13 $220,644.12
233 $220,644.12 $962.48 $0.00 $1,247.55 $222,854.15
234 $222,854.15 $962.48 $0.00 $1,260.05 $225,076.68
235 $225,076.68 $962.48 $0.00 $1,272.62 $227,311.78
236 $227,311.78 $962.48 $0.00 $1,285.25 $229,559.51
237 $229,559.51 $962.48 $0.00 $1,297.96 $231,819.95
238 $231,819.95 $962.48 $0.00 $1,310.74 $234,093.17
239 $234,093.17 $962.48 $0.00 $1,323.60 $236,379.25
240 $236,379.25 $962.48 $0.00 $1,336.52 $238,678.25
241 $238,678.25 $962.48 $125,613.83 $1,349.52 $115,376.42
242 $115,376.42 $962.48 $0.00 $652.36 $116,991.26
243 $116,991.26 $962.48 $0.00 $661.49 $118,615.23
244 $118,615.23 $962.48 $0.00 $670.67 $120,248.38
245 $120,248.38 $962.48 $0.00 $679.90 $121,890.76
246 $121,890.76 $962.48 $0.00 $689.19 $123,542.43
247 $123,542.43 $962.48 $0.00 $698.53 $125,203.44
248 $125,203.44 $962.48 $0.00 $707.92 $126,873.84
249 $126,873.84 $962.48 $0.00 $717.36 $128,553.68
250 $128,553.68 $962.48 $0.00 $726.86 $130,243.02
251 $130,243.02 $962.48 $0.00 $736.41 $131,941.91
252 $131,941.91 $962.48 $0.00 $746.02 $133,650.41
253 $133,650.41 $0.00 $134,406.80 $755.68 -$0.71