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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$189,252
Monthly savings required$1,498

How much will it cost to send your child to Northwestern University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $757,009.11 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,498.09 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$72,980.00
Years until enrollment18
Annual Tuition Increase5%
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 $1,498.09 $0.00 $0.00 $1,498.09
2 $1,498.09 $1,498.09 $0.00 $8.47 $3,004.65
3 $3,004.65 $1,498.09 $0.00 $16.99 $4,519.73
4 $4,519.73 $1,498.09 $0.00 $25.56 $6,043.38
5 $6,043.38 $1,498.09 $0.00 $34.17 $7,575.64
6 $7,575.64 $1,498.09 $0.00 $42.83 $9,116.56
7 $9,116.56 $1,498.09 $0.00 $51.55 $10,666.20
8 $10,666.20 $1,498.09 $0.00 $60.31 $12,224.60
9 $12,224.60 $1,498.09 $0.00 $69.12 $13,791.81
10 $13,791.81 $1,498.09 $0.00 $77.98 $15,367.88
11 $15,367.88 $1,498.09 $0.00 $86.89 $16,952.86
12 $16,952.86 $1,498.09 $0.00 $95.85 $18,546.80
13 $18,546.80 $1,498.09 $0.00 $104.87 $20,149.76
14 $20,149.76 $1,498.09 $0.00 $113.93 $21,761.78
15 $21,761.78 $1,498.09 $0.00 $123.04 $23,382.91
16 $23,382.91 $1,498.09 $0.00 $132.21 $25,013.21
17 $25,013.21 $1,498.09 $0.00 $141.43 $26,652.73
18 $26,652.73 $1,498.09 $0.00 $150.70 $28,301.52
19 $28,301.52 $1,498.09 $0.00 $160.02 $29,959.63
20 $29,959.63 $1,498.09 $0.00 $169.40 $31,627.12
21 $31,627.12 $1,498.09 $0.00 $178.82 $33,304.03
22 $33,304.03 $1,498.09 $0.00 $188.31 $34,990.43
23 $34,990.43 $1,498.09 $0.00 $197.84 $36,686.36
24 $36,686.36 $1,498.09 $0.00 $207.43 $38,391.88
25 $38,391.88 $1,498.09 $0.00 $217.07 $40,107.04
26 $40,107.04 $1,498.09 $0.00 $226.77 $41,831.90
27 $41,831.90 $1,498.09 $0.00 $236.52 $43,566.51
28 $43,566.51 $1,498.09 $0.00 $246.33 $45,310.93
29 $45,310.93 $1,498.09 $0.00 $256.19 $47,065.21
30 $47,065.21 $1,498.09 $0.00 $266.11 $48,829.41
31 $48,829.41 $1,498.09 $0.00 $276.09 $50,603.59
32 $50,603.59 $1,498.09 $0.00 $286.12 $52,387.80
33 $52,387.80 $1,498.09 $0.00 $296.21 $54,182.10
34 $54,182.10 $1,498.09 $0.00 $306.35 $55,986.54
35 $55,986.54 $1,498.09 $0.00 $316.56 $57,801.19
36 $57,801.19 $1,498.09 $0.00 $326.82 $59,626.10
37 $59,626.10 $1,498.09 $0.00 $337.13 $61,461.32
38 $61,461.32 $1,498.09 $0.00 $347.51 $63,306.92
39 $63,306.92 $1,498.09 $0.00 $357.95 $65,162.96
40 $65,162.96 $1,498.09 $0.00 $368.44 $67,029.49
41 $67,029.49 $1,498.09 $0.00 $378.99 $68,906.57
42 $68,906.57 $1,498.09 $0.00 $389.61 $70,794.27
43 $70,794.27 $1,498.09 $0.00 $400.28 $72,692.64
44 $72,692.64 $1,498.09 $0.00 $411.01 $74,601.74
45 $74,601.74 $1,498.09 $0.00 $421.81 $76,521.64
46 $76,521.64 $1,498.09 $0.00 $432.66 $78,452.39
47 $78,452.39 $1,498.09 $0.00 $443.58 $80,394.06
48 $80,394.06 $1,498.09 $0.00 $454.56 $82,346.71
49 $82,346.71 $1,498.09 $0.00 $465.60 $84,310.40
50 $84,310.40 $1,498.09 $0.00 $476.70 $86,285.19
51 $86,285.19 $1,498.09 $0.00 $487.87 $88,271.15
52 $88,271.15 $1,498.09 $0.00 $499.10 $90,268.34
53 $90,268.34 $1,498.09 $0.00 $510.39 $92,276.82
54 $92,276.82 $1,498.09 $0.00 $521.75 $94,296.66
55 $94,296.66 $1,498.09 $0.00 $533.17 $96,327.92
56 $96,327.92 $1,498.09 $0.00 $544.65 $98,370.66
57 $98,370.66 $1,498.09 $0.00 $556.20 $100,424.95
58 $100,424.95 $1,498.09 $0.00 $567.82 $102,490.86
59 $102,490.86 $1,498.09 $0.00 $579.50 $104,568.45
60 $104,568.45 $1,498.09 $0.00 $591.25 $106,657.79
61 $106,657.79 $1,498.09 $0.00 $603.06 $108,758.94
62 $108,758.94 $1,498.09 $0.00 $614.94 $110,871.97
63 $110,871.97 $1,498.09 $0.00 $626.89 $112,996.95
64 $112,996.95 $1,498.09 $0.00 $638.90 $115,133.94
65 $115,133.94 $1,498.09 $0.00 $650.98 $117,283.01
66 $117,283.01 $1,498.09 $0.00 $663.14 $119,444.24
67 $119,444.24 $1,498.09 $0.00 $675.36 $121,617.69
68 $121,617.69 $1,498.09 $0.00 $687.64 $123,803.42
69 $123,803.42 $1,498.09 $0.00 $700.00 $126,001.51
70 $126,001.51 $1,498.09 $0.00 $712.43 $128,212.03
71 $128,212.03 $1,498.09 $0.00 $724.93 $130,435.05
72 $130,435.05 $1,498.09 $0.00 $737.50 $132,670.64
73 $132,670.64 $1,498.09 $0.00 $750.14 $134,918.87
74 $134,918.87 $1,498.09 $0.00 $762.85 $137,179.81
75 $137,179.81 $1,498.09 $0.00 $775.63 $139,453.53
76 $139,453.53 $1,498.09 $0.00 $788.49 $141,740.11
77 $141,740.11 $1,498.09 $0.00 $801.42 $144,039.62
78 $144,039.62 $1,498.09 $0.00 $814.42 $146,352.13
79 $146,352.13 $1,498.09 $0.00 $827.50 $148,677.72
80 $148,677.72 $1,498.09 $0.00 $840.65 $151,016.46
81 $151,016.46 $1,498.09 $0.00 $853.87 $153,368.42
82 $153,368.42 $1,498.09 $0.00 $867.17 $155,733.68
83 $155,733.68 $1,498.09 $0.00 $880.54 $158,112.31
84 $158,112.31 $1,498.09 $0.00 $893.99 $160,504.39
85 $160,504.39 $1,498.09 $0.00 $907.52 $162,910.00
86 $162,910.00 $1,498.09 $0.00 $921.12 $165,329.21
87 $165,329.21 $1,498.09 $0.00 $934.80 $167,762.10
88 $167,762.10 $1,498.09 $0.00 $948.55 $170,208.74
89 $170,208.74 $1,498.09 $0.00 $962.38 $172,669.21
90 $172,669.21 $1,498.09 $0.00 $976.30 $175,143.60
91 $175,143.60 $1,498.09 $0.00 $990.29 $177,631.98
92 $177,631.98 $1,498.09 $0.00 $1,004.36 $180,134.43
93 $180,134.43 $1,498.09 $0.00 $1,018.51 $182,651.03
94 $182,651.03 $1,498.09 $0.00 $1,032.74 $185,181.86
95 $185,181.86 $1,498.09 $0.00 $1,047.05 $187,727.00
96 $187,727.00 $1,498.09 $0.00 $1,061.44 $190,286.53
97 $190,286.53 $1,498.09 $0.00 $1,075.91 $192,860.53
98 $192,860.53 $1,498.09 $0.00 $1,090.46 $195,449.08
99 $195,449.08 $1,498.09 $0.00 $1,105.10 $198,052.27
100 $198,052.27 $1,498.09 $0.00 $1,119.82 $200,670.18
101 $200,670.18 $1,498.09 $0.00 $1,134.62 $203,302.89
102 $203,302.89 $1,498.09 $0.00 $1,149.50 $205,950.48
103 $205,950.48 $1,498.09 $0.00 $1,164.47 $208,613.04
104 $208,613.04 $1,498.09 $0.00 $1,179.53 $211,290.66
105 $211,290.66 $1,498.09 $0.00 $1,194.67 $213,983.42
106 $213,983.42 $1,498.09 $0.00 $1,209.89 $216,691.40
107 $216,691.40 $1,498.09 $0.00 $1,225.20 $219,414.69
108 $219,414.69 $1,498.09 $0.00 $1,240.60 $222,153.38
109 $222,153.38 $1,498.09 $0.00 $1,256.09 $224,907.56
110 $224,907.56 $1,498.09 $0.00 $1,271.66 $227,677.31
111 $227,677.31 $1,498.09 $0.00 $1,287.32 $230,462.72
112 $230,462.72 $1,498.09 $0.00 $1,303.07 $233,263.88
113 $233,263.88 $1,498.09 $0.00 $1,318.91 $236,080.88
114 $236,080.88 $1,498.09 $0.00 $1,334.84 $238,913.81
115 $238,913.81 $1,498.09 $0.00 $1,350.85 $241,762.75
116 $241,762.75 $1,498.09 $0.00 $1,366.96 $244,627.80
117 $244,627.80 $1,498.09 $0.00 $1,383.16 $247,509.05
118 $247,509.05 $1,498.09 $0.00 $1,399.45 $250,406.59
119 $250,406.59 $1,498.09 $0.00 $1,415.84 $253,320.52
120 $253,320.52 $1,498.09 $0.00 $1,432.31 $256,250.92
121 $256,250.92 $1,498.09 $0.00 $1,448.88 $259,197.89
122 $259,197.89 $1,498.09 $0.00 $1,465.54 $262,161.52
123 $262,161.52 $1,498.09 $0.00 $1,482.30 $265,141.91
124 $265,141.91 $1,498.09 $0.00 $1,499.15 $268,139.15
125 $268,139.15 $1,498.09 $0.00 $1,516.10 $271,153.34
126 $271,153.34 $1,498.09 $0.00 $1,533.14 $274,184.57
127 $274,184.57 $1,498.09 $0.00 $1,550.28 $277,232.94
128 $277,232.94 $1,498.09 $0.00 $1,567.52 $280,298.55
129 $280,298.55 $1,498.09 $0.00 $1,584.85 $283,381.49
130 $283,381.49 $1,498.09 $0.00 $1,602.28 $286,481.86
131 $286,481.86 $1,498.09 $0.00 $1,619.81 $289,599.76
132 $289,599.76 $1,498.09 $0.00 $1,637.44 $292,735.29
133 $292,735.29 $1,498.09 $0.00 $1,655.17 $295,888.55
134 $295,888.55 $1,498.09 $0.00 $1,673.00 $299,059.64
135 $299,059.64 $1,498.09 $0.00 $1,690.93 $302,248.66
136 $302,248.66 $1,498.09 $0.00 $1,708.96 $305,455.71
137 $305,455.71 $1,498.09 $0.00 $1,727.09 $308,680.89
138 $308,680.89 $1,498.09 $0.00 $1,745.33 $311,924.31
139 $311,924.31 $1,498.09 $0.00 $1,763.67 $315,186.07
140 $315,186.07 $1,498.09 $0.00 $1,782.11 $318,466.27
141 $318,466.27 $1,498.09 $0.00 $1,800.65 $321,765.01
142 $321,765.01 $1,498.09 $0.00 $1,819.31 $325,082.41
143 $325,082.41 $1,498.09 $0.00 $1,838.06 $328,418.56
144 $328,418.56 $1,498.09 $0.00 $1,856.93 $331,773.58
145 $331,773.58 $1,498.09 $0.00 $1,875.90 $335,147.57
146 $335,147.57 $1,498.09 $0.00 $1,894.97 $338,540.63
147 $338,540.63 $1,498.09 $0.00 $1,914.16 $341,952.88
148 $341,952.88 $1,498.09 $0.00 $1,933.45 $345,384.42
149 $345,384.42 $1,498.09 $0.00 $1,952.85 $348,835.36
150 $348,835.36 $1,498.09 $0.00 $1,972.37 $352,305.82
151 $352,305.82 $1,498.09 $0.00 $1,991.99 $355,795.90
152 $355,795.90 $1,498.09 $0.00 $2,011.72 $359,305.71
153 $359,305.71 $1,498.09 $0.00 $2,031.57 $362,835.37
154 $362,835.37 $1,498.09 $0.00 $2,051.52 $366,384.98
155 $366,384.98 $1,498.09 $0.00 $2,071.59 $369,954.66
156 $369,954.66 $1,498.09 $0.00 $2,091.78 $373,544.53
157 $373,544.53 $1,498.09 $0.00 $2,112.08 $377,154.70
158 $377,154.70 $1,498.09 $0.00 $2,132.49 $380,785.28
159 $380,785.28 $1,498.09 $0.00 $2,153.02 $384,436.39
160 $384,436.39 $1,498.09 $0.00 $2,173.66 $388,108.14
161 $388,108.14 $1,498.09 $0.00 $2,194.42 $391,800.65
162 $391,800.65 $1,498.09 $0.00 $2,215.30 $395,514.04
163 $395,514.04 $1,498.09 $0.00 $2,236.29 $399,248.42
164 $399,248.42 $1,498.09 $0.00 $2,257.41 $403,003.92
165 $403,003.92 $1,498.09 $0.00 $2,278.64 $406,780.65
166 $406,780.65 $1,498.09 $0.00 $2,300.00 $410,578.74
167 $410,578.74 $1,498.09 $0.00 $2,321.47 $414,398.30
168 $414,398.30 $1,498.09 $0.00 $2,343.07 $418,239.46
169 $418,239.46 $1,498.09 $0.00 $2,364.79 $422,102.34
170 $422,102.34 $1,498.09 $0.00 $2,386.63 $425,987.06
171 $425,987.06 $1,498.09 $0.00 $2,408.59 $429,893.74
172 $429,893.74 $1,498.09 $0.00 $2,430.68 $433,822.51
173 $433,822.51 $1,498.09 $0.00 $2,452.90 $437,773.50
174 $437,773.50 $1,498.09 $0.00 $2,475.24 $441,746.83
175 $441,746.83 $1,498.09 $0.00 $2,497.70 $445,742.62
176 $445,742.62 $1,498.09 $0.00 $2,520.29 $449,761.00
177 $449,761.00 $1,498.09 $0.00 $2,543.01 $453,802.10
178 $453,802.10 $1,498.09 $0.00 $2,565.86 $457,866.05
179 $457,866.05 $1,498.09 $0.00 $2,588.84 $461,952.98
180 $461,952.98 $1,498.09 $0.00 $2,611.95 $466,063.02
181 $466,063.02 $1,498.09 $0.00 $2,635.19 $470,196.30
182 $470,196.30 $1,498.09 $0.00 $2,658.56 $474,352.95
183 $474,352.95 $1,498.09 $0.00 $2,682.06 $478,533.10
184 $478,533.10 $1,498.09 $0.00 $2,705.70 $482,736.89
185 $482,736.89 $1,498.09 $0.00 $2,729.46 $486,964.44
186 $486,964.44 $1,498.09 $0.00 $2,753.37 $491,215.90
187 $491,215.90 $1,498.09 $0.00 $2,777.41 $495,491.40
188 $495,491.40 $1,498.09 $0.00 $2,801.58 $499,791.07
189 $499,791.07 $1,498.09 $0.00 $2,825.89 $504,115.05
190 $504,115.05 $1,498.09 $0.00 $2,850.34 $508,463.48
191 $508,463.48 $1,498.09 $0.00 $2,874.93 $512,836.50
192 $512,836.50 $1,498.09 $0.00 $2,899.65 $517,234.24
193 $517,234.24 $1,498.09 $0.00 $2,924.52 $521,656.85
194 $521,656.85 $1,498.09 $0.00 $2,949.52 $526,104.46
195 $526,104.46 $1,498.09 $0.00 $2,974.67 $530,577.22
196 $530,577.22 $1,498.09 $0.00 $2,999.96 $535,075.27
197 $535,075.27 $1,498.09 $0.00 $3,025.39 $539,598.75
198 $539,598.75 $1,498.09 $0.00 $3,050.97 $544,147.81
199 $544,147.81 $1,498.09 $0.00 $3,076.69 $548,722.59
200 $548,722.59 $1,498.09 $0.00 $3,102.56 $553,323.24
201 $553,323.24 $1,498.09 $0.00 $3,128.57 $557,949.90
202 $557,949.90 $1,498.09 $0.00 $3,154.73 $562,602.72
203 $562,602.72 $1,498.09 $0.00 $3,181.04 $567,281.85
204 $567,281.85 $1,498.09 $0.00 $3,207.49 $571,987.43
205 $571,987.43 $1,498.09 $0.00 $3,234.10 $576,719.62
206 $576,719.62 $1,498.09 $0.00 $3,260.86 $581,478.57
207 $581,478.57 $1,498.09 $0.00 $3,287.76 $586,264.42
208 $586,264.42 $1,498.09 $0.00 $3,314.82 $591,077.33
209 $591,077.33 $1,498.09 $0.00 $3,342.04 $595,917.46
210 $595,917.46 $1,498.09 $0.00 $3,369.40 $600,784.95
211 $600,784.95 $1,498.09 $0.00 $3,396.93 $605,679.97
212 $605,679.97 $1,498.09 $0.00 $3,424.60 $610,602.66
213 $610,602.66 $1,498.09 $0.00 $3,452.44 $615,553.19
214 $615,553.19 $1,498.09 $0.00 $3,480.43 $620,531.71
215 $620,531.71 $1,498.09 $0.00 $3,508.58 $625,538.38
216 $625,538.38 $1,498.09 $0.00 $3,536.88 $630,573.35
217 $630,573.35 $1,498.09 $175,635.07 $3,565.35 $460,001.72
218 $460,001.72 $1,498.09 $0.00 $2,600.92 $464,100.73
219 $464,100.73 $1,498.09 $0.00 $2,624.09 $468,222.91
220 $468,222.91 $1,498.09 $0.00 $2,647.40 $472,368.40
221 $472,368.40 $1,498.09 $0.00 $2,670.84 $476,537.33
222 $476,537.33 $1,498.09 $0.00 $2,694.41 $480,729.83
223 $480,729.83 $1,498.09 $0.00 $2,718.12 $484,946.04
224 $484,946.04 $1,498.09 $0.00 $2,741.96 $489,186.09
225 $489,186.09 $1,498.09 $0.00 $2,765.93 $493,450.11
226 $493,450.11 $1,498.09 $0.00 $2,790.04 $497,738.24
227 $497,738.24 $1,498.09 $0.00 $2,814.28 $502,050.61
228 $502,050.61 $1,498.09 $0.00 $2,838.67 $506,387.37
229 $506,387.37 $1,498.09 $184,416.83 $2,863.19 $326,331.82
230 $326,331.82 $1,498.09 $0.00 $1,845.13 $329,675.04
231 $329,675.04 $1,498.09 $0.00 $1,864.03 $333,037.16
232 $333,037.16 $1,498.09 $0.00 $1,883.04 $336,418.29
233 $336,418.29 $1,498.09 $0.00 $1,902.16 $339,818.54
234 $339,818.54 $1,498.09 $0.00 $1,921.38 $343,238.01
235 $343,238.01 $1,498.09 $0.00 $1,940.72 $346,676.82
236 $346,676.82 $1,498.09 $0.00 $1,960.16 $350,135.07
237 $350,135.07 $1,498.09 $0.00 $1,979.71 $353,612.87
238 $353,612.87 $1,498.09 $0.00 $1,999.38 $357,110.34
239 $357,110.34 $1,498.09 $0.00 $2,019.15 $360,627.58
240 $360,627.58 $1,498.09 $0.00 $2,039.04 $364,164.71
241 $364,164.71 $1,498.09 $193,637.67 $2,059.04 $174,084.17
242 $174,084.17 $1,498.09 $0.00 $984.30 $176,566.56
243 $176,566.56 $1,498.09 $0.00 $998.33 $179,062.98
244 $179,062.98 $1,498.09 $0.00 $1,012.45 $181,573.52
245 $181,573.52 $1,498.09 $0.00 $1,026.64 $184,098.25
246 $184,098.25 $1,498.09 $0.00 $1,040.92 $186,637.26
247 $186,637.26 $1,498.09 $0.00 $1,055.27 $189,190.62
248 $189,190.62 $1,498.09 $0.00 $1,069.71 $191,758.42
249 $191,758.42 $1,498.09 $0.00 $1,084.23 $194,340.74
250 $194,340.74 $1,498.09 $0.00 $1,098.83 $196,937.66
251 $196,937.66 $1,498.09 $0.00 $1,113.51 $199,549.26
252 $199,549.26 $1,498.09 $0.00 $1,128.28 $202,175.63
253 $202,175.63 $0.00 $203,319.55 $1,143.13 ($0.79)