Savings Plan and Future Cost Estimation for Northwood University Michigan

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$179,413
Monthly savings required$1,418

How much will it cost to send your child to Northwood University Michigan in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $717,650.73 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,417.95 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$47,822.00
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 $1,417.95 $0.00 $0.00 $1,417.95
2 $1,417.95 $1,417.95 $0.00 $8.02 $2,843.92
3 $2,843.92 $1,417.95 $0.00 $16.08 $4,277.95
4 $4,277.95 $1,417.95 $0.00 $24.19 $5,720.09
5 $5,720.09 $1,417.95 $0.00 $32.34 $7,170.38
6 $7,170.38 $1,417.95 $0.00 $40.54 $8,628.87
7 $8,628.87 $1,417.95 $0.00 $48.79 $10,095.61
8 $10,095.61 $1,417.95 $0.00 $57.08 $11,570.64
9 $11,570.64 $1,417.95 $0.00 $65.42 $13,054.01
10 $13,054.01 $1,417.95 $0.00 $73.81 $14,545.77
11 $14,545.77 $1,417.95 $0.00 $82.24 $16,045.96
12 $16,045.96 $1,417.95 $0.00 $90.73 $17,554.64
13 $17,554.64 $1,417.95 $0.00 $99.26 $19,071.85
14 $19,071.85 $1,417.95 $0.00 $107.84 $20,597.64
15 $20,597.64 $1,417.95 $0.00 $116.46 $22,132.05
16 $22,132.05 $1,417.95 $0.00 $125.14 $23,675.14
17 $23,675.14 $1,417.95 $0.00 $133.86 $25,226.95
18 $25,226.95 $1,417.95 $0.00 $142.64 $26,787.54
19 $26,787.54 $1,417.95 $0.00 $151.46 $28,356.95
20 $28,356.95 $1,417.95 $0.00 $160.33 $29,935.23
21 $29,935.23 $1,417.95 $0.00 $169.26 $31,522.44
22 $31,522.44 $1,417.95 $0.00 $178.23 $33,118.62
23 $33,118.62 $1,417.95 $0.00 $187.26 $34,723.83
24 $34,723.83 $1,417.95 $0.00 $196.33 $36,338.11
25 $36,338.11 $1,417.95 $0.00 $205.46 $37,961.52
26 $37,961.52 $1,417.95 $0.00 $214.64 $39,594.11
27 $39,594.11 $1,417.95 $0.00 $223.87 $41,235.93
28 $41,235.93 $1,417.95 $0.00 $233.15 $42,887.03
29 $42,887.03 $1,417.95 $0.00 $242.49 $44,547.47
30 $44,547.47 $1,417.95 $0.00 $251.88 $46,217.30
31 $46,217.30 $1,417.95 $0.00 $261.32 $47,896.57
32 $47,896.57 $1,417.95 $0.00 $270.81 $49,585.33
33 $49,585.33 $1,417.95 $0.00 $280.36 $51,283.64
34 $51,283.64 $1,417.95 $0.00 $289.97 $52,991.56
35 $52,991.56 $1,417.95 $0.00 $299.62 $54,709.13
36 $54,709.13 $1,417.95 $0.00 $309.33 $56,436.41
37 $56,436.41 $1,417.95 $0.00 $319.10 $58,173.46
38 $58,173.46 $1,417.95 $0.00 $328.92 $59,920.33
39 $59,920.33 $1,417.95 $0.00 $338.80 $61,677.08
40 $61,677.08 $1,417.95 $0.00 $348.73 $63,443.76
41 $63,443.76 $1,417.95 $0.00 $358.72 $65,220.43
42 $65,220.43 $1,417.95 $0.00 $368.77 $67,007.15
43 $67,007.15 $1,417.95 $0.00 $378.87 $68,803.97
44 $68,803.97 $1,417.95 $0.00 $389.03 $70,610.95
45 $70,610.95 $1,417.95 $0.00 $399.24 $72,428.14
46 $72,428.14 $1,417.95 $0.00 $409.52 $74,255.61
47 $74,255.61 $1,417.95 $0.00 $419.85 $76,093.41
48 $76,093.41 $1,417.95 $0.00 $430.24 $77,941.60
49 $77,941.60 $1,417.95 $0.00 $440.69 $79,800.24
50 $79,800.24 $1,417.95 $0.00 $451.20 $81,669.39
51 $81,669.39 $1,417.95 $0.00 $461.77 $83,549.11
52 $83,549.11 $1,417.95 $0.00 $472.40 $85,439.46
53 $85,439.46 $1,417.95 $0.00 $483.09 $87,340.50
54 $87,340.50 $1,417.95 $0.00 $493.84 $89,252.29
55 $89,252.29 $1,417.95 $0.00 $504.65 $91,174.89
56 $91,174.89 $1,417.95 $0.00 $515.52 $93,108.36
57 $93,108.36 $1,417.95 $0.00 $526.45 $95,052.76
58 $95,052.76 $1,417.95 $0.00 $537.44 $97,008.15
59 $97,008.15 $1,417.95 $0.00 $548.50 $98,974.60
60 $98,974.60 $1,417.95 $0.00 $559.62 $100,952.17
61 $100,952.17 $1,417.95 $0.00 $570.80 $102,940.92
62 $102,940.92 $1,417.95 $0.00 $582.04 $104,940.91
63 $104,940.91 $1,417.95 $0.00 $593.35 $106,952.21
64 $106,952.21 $1,417.95 $0.00 $604.72 $108,974.88
65 $108,974.88 $1,417.95 $0.00 $616.16 $111,008.99
66 $111,008.99 $1,417.95 $0.00 $627.66 $113,054.60
67 $113,054.60 $1,417.95 $0.00 $639.23 $115,111.78
68 $115,111.78 $1,417.95 $0.00 $650.86 $117,180.59
69 $117,180.59 $1,417.95 $0.00 $662.56 $119,261.10
70 $119,261.10 $1,417.95 $0.00 $674.32 $121,353.37
71 $121,353.37 $1,417.95 $0.00 $686.15 $123,457.47
72 $123,457.47 $1,417.95 $0.00 $698.05 $125,573.47
73 $125,573.47 $1,417.95 $0.00 $710.01 $127,701.43
74 $127,701.43 $1,417.95 $0.00 $722.04 $129,841.42
75 $129,841.42 $1,417.95 $0.00 $734.14 $131,993.51
76 $131,993.51 $1,417.95 $0.00 $746.31 $134,157.77
77 $134,157.77 $1,417.95 $0.00 $758.55 $136,334.27
78 $136,334.27 $1,417.95 $0.00 $770.85 $138,523.07
79 $138,523.07 $1,417.95 $0.00 $783.23 $140,724.25
80 $140,724.25 $1,417.95 $0.00 $795.68 $142,937.88
81 $142,937.88 $1,417.95 $0.00 $808.19 $145,164.02
82 $145,164.02 $1,417.95 $0.00 $820.78 $147,402.75
83 $147,402.75 $1,417.95 $0.00 $833.44 $149,654.14
84 $149,654.14 $1,417.95 $0.00 $846.17 $151,918.26
85 $151,918.26 $1,417.95 $0.00 $858.97 $154,195.18
86 $154,195.18 $1,417.95 $0.00 $871.84 $156,484.97
87 $156,484.97 $1,417.95 $0.00 $884.79 $158,787.71
88 $158,787.71 $1,417.95 $0.00 $897.81 $161,103.47
89 $161,103.47 $1,417.95 $0.00 $910.90 $163,432.32
90 $163,432.32 $1,417.95 $0.00 $924.07 $165,774.34
91 $165,774.34 $1,417.95 $0.00 $937.31 $168,129.60
92 $168,129.60 $1,417.95 $0.00 $950.63 $170,498.18
93 $170,498.18 $1,417.95 $0.00 $964.02 $172,880.15
94 $172,880.15 $1,417.95 $0.00 $977.49 $175,275.59
95 $175,275.59 $1,417.95 $0.00 $991.03 $177,684.57
96 $177,684.57 $1,417.95 $0.00 $1,004.65 $180,107.17
97 $180,107.17 $1,417.95 $0.00 $1,018.35 $182,543.47
98 $182,543.47 $1,417.95 $0.00 $1,032.13 $184,993.55
99 $184,993.55 $1,417.95 $0.00 $1,045.98 $187,457.48
100 $187,457.48 $1,417.95 $0.00 $1,059.91 $189,935.34
101 $189,935.34 $1,417.95 $0.00 $1,073.92 $192,427.21
102 $192,427.21 $1,417.95 $0.00 $1,088.01 $194,933.17
103 $194,933.17 $1,417.95 $0.00 $1,102.18 $197,453.30
104 $197,453.30 $1,417.95 $0.00 $1,116.43 $199,987.68
105 $199,987.68 $1,417.95 $0.00 $1,130.76 $202,536.39
106 $202,536.39 $1,417.95 $0.00 $1,145.17 $205,099.51
107 $205,099.51 $1,417.95 $0.00 $1,159.66 $207,677.12
108 $207,677.12 $1,417.95 $0.00 $1,174.24 $210,269.31
109 $210,269.31 $1,417.95 $0.00 $1,188.89 $212,876.15
110 $212,876.15 $1,417.95 $0.00 $1,203.63 $215,497.73
111 $215,497.73 $1,417.95 $0.00 $1,218.46 $218,134.14
112 $218,134.14 $1,417.95 $0.00 $1,233.36 $220,785.45
113 $220,785.45 $1,417.95 $0.00 $1,248.35 $223,451.75
114 $223,451.75 $1,417.95 $0.00 $1,263.43 $226,133.13
115 $226,133.13 $1,417.95 $0.00 $1,278.59 $228,829.67
116 $228,829.67 $1,417.95 $0.00 $1,293.84 $231,541.46
117 $231,541.46 $1,417.95 $0.00 $1,309.17 $234,268.58
118 $234,268.58 $1,417.95 $0.00 $1,324.59 $237,011.12
119 $237,011.12 $1,417.95 $0.00 $1,340.10 $239,769.17
120 $239,769.17 $1,417.95 $0.00 $1,355.69 $242,542.81
121 $242,542.81 $1,417.95 $0.00 $1,371.37 $245,332.13
122 $245,332.13 $1,417.95 $0.00 $1,387.14 $248,137.22
123 $248,137.22 $1,417.95 $0.00 $1,403.00 $250,958.17
124 $250,958.17 $1,417.95 $0.00 $1,418.95 $253,795.07
125 $253,795.07 $1,417.95 $0.00 $1,434.99 $256,648.01
126 $256,648.01 $1,417.95 $0.00 $1,451.13 $259,517.09
127 $259,517.09 $1,417.95 $0.00 $1,467.35 $262,402.39
128 $262,402.39 $1,417.95 $0.00 $1,483.66 $265,304.00
129 $265,304.00 $1,417.95 $0.00 $1,500.07 $268,222.02
130 $268,222.02 $1,417.95 $0.00 $1,516.57 $271,156.54
131 $271,156.54 $1,417.95 $0.00 $1,533.16 $274,107.65
132 $274,107.65 $1,417.95 $0.00 $1,549.84 $277,075.44
133 $277,075.44 $1,417.95 $0.00 $1,566.62 $280,060.01
134 $280,060.01 $1,417.95 $0.00 $1,583.50 $283,061.46
135 $283,061.46 $1,417.95 $0.00 $1,600.47 $286,079.88
136 $286,079.88 $1,417.95 $0.00 $1,617.54 $289,115.37
137 $289,115.37 $1,417.95 $0.00 $1,634.70 $292,168.02
138 $292,168.02 $1,417.95 $0.00 $1,651.96 $295,237.93
139 $295,237.93 $1,417.95 $0.00 $1,669.32 $298,325.20
140 $298,325.20 $1,417.95 $0.00 $1,686.77 $301,429.92
141 $301,429.92 $1,417.95 $0.00 $1,704.33 $304,552.20
142 $304,552.20 $1,417.95 $0.00 $1,721.98 $307,692.13
143 $307,692.13 $1,417.95 $0.00 $1,739.74 $310,849.82
144 $310,849.82 $1,417.95 $0.00 $1,757.59 $314,025.36
145 $314,025.36 $1,417.95 $0.00 $1,775.55 $317,218.86
146 $317,218.86 $1,417.95 $0.00 $1,793.60 $320,430.41
147 $320,430.41 $1,417.95 $0.00 $1,811.76 $323,660.12
148 $323,660.12 $1,417.95 $0.00 $1,830.02 $326,908.09
149 $326,908.09 $1,417.95 $0.00 $1,848.39 $330,174.43
150 $330,174.43 $1,417.95 $0.00 $1,866.85 $333,459.23
151 $333,459.23 $1,417.95 $0.00 $1,885.43 $336,762.61
152 $336,762.61 $1,417.95 $0.00 $1,904.10 $340,084.66
153 $340,084.66 $1,417.95 $0.00 $1,922.89 $343,425.50
154 $343,425.50 $1,417.95 $0.00 $1,941.78 $346,785.23
155 $346,785.23 $1,417.95 $0.00 $1,960.77 $350,163.95
156 $350,163.95 $1,417.95 $0.00 $1,979.88 $353,561.78
157 $353,561.78 $1,417.95 $0.00 $1,999.09 $356,978.82
158 $356,978.82 $1,417.95 $0.00 $2,018.41 $360,415.18
159 $360,415.18 $1,417.95 $0.00 $2,037.84 $363,870.97
160 $363,870.97 $1,417.95 $0.00 $2,057.38 $367,346.30
161 $367,346.30 $1,417.95 $0.00 $2,077.03 $370,841.28
162 $370,841.28 $1,417.95 $0.00 $2,096.79 $374,356.02
163 $374,356.02 $1,417.95 $0.00 $2,116.66 $377,890.63
164 $377,890.63 $1,417.95 $0.00 $2,136.65 $381,445.23
165 $381,445.23 $1,417.95 $0.00 $2,156.75 $385,019.93
166 $385,019.93 $1,417.95 $0.00 $2,176.96 $388,614.84
167 $388,614.84 $1,417.95 $0.00 $2,197.28 $392,230.07
168 $392,230.07 $1,417.95 $0.00 $2,217.73 $395,865.75
169 $395,865.75 $1,417.95 $0.00 $2,238.28 $399,521.98
170 $399,521.98 $1,417.95 $0.00 $2,258.96 $403,198.89
171 $403,198.89 $1,417.95 $0.00 $2,279.75 $406,896.59
172 $406,896.59 $1,417.95 $0.00 $2,300.65 $410,615.19
173 $410,615.19 $1,417.95 $0.00 $2,321.68 $414,354.82
174 $414,354.82 $1,417.95 $0.00 $2,342.82 $418,115.59
175 $418,115.59 $1,417.95 $0.00 $2,364.09 $421,897.63
176 $421,897.63 $1,417.95 $0.00 $2,385.47 $425,701.05
177 $425,701.05 $1,417.95 $0.00 $2,406.98 $429,525.98
178 $429,525.98 $1,417.95 $0.00 $2,428.60 $433,372.53
179 $433,372.53 $1,417.95 $0.00 $2,450.35 $437,240.83
180 $437,240.83 $1,417.95 $0.00 $2,472.22 $441,131.00
181 $441,131.00 $1,417.95 $0.00 $2,494.22 $445,043.17
182 $445,043.17 $1,417.95 $0.00 $2,516.34 $448,977.46
183 $448,977.46 $1,417.95 $0.00 $2,538.58 $452,933.99
184 $452,933.99 $1,417.95 $0.00 $2,560.95 $456,912.89
185 $456,912.89 $1,417.95 $0.00 $2,583.45 $460,914.29
186 $460,914.29 $1,417.95 $0.00 $2,606.08 $464,938.32
187 $464,938.32 $1,417.95 $0.00 $2,628.83 $468,985.10
188 $468,985.10 $1,417.95 $0.00 $2,651.71 $473,054.76
189 $473,054.76 $1,417.95 $0.00 $2,674.72 $477,147.43
190 $477,147.43 $1,417.95 $0.00 $2,697.86 $481,263.24
191 $481,263.24 $1,417.95 $0.00 $2,721.13 $485,402.32
192 $485,402.32 $1,417.95 $0.00 $2,744.54 $489,564.81
193 $489,564.81 $1,417.95 $0.00 $2,768.07 $493,750.83
194 $493,750.83 $1,417.95 $0.00 $2,791.74 $497,960.52
195 $497,960.52 $1,417.95 $0.00 $2,815.54 $502,194.01
196 $502,194.01 $1,417.95 $0.00 $2,839.48 $506,451.44
197 $506,451.44 $1,417.95 $0.00 $2,863.55 $510,732.94
198 $510,732.94 $1,417.95 $0.00 $2,887.76 $515,038.65
199 $515,038.65 $1,417.95 $0.00 $2,912.10 $519,368.70
200 $519,368.70 $1,417.95 $0.00 $2,936.59 $523,723.24
201 $523,723.24 $1,417.95 $0.00 $2,961.21 $528,102.40
202 $528,102.40 $1,417.95 $0.00 $2,985.97 $532,506.32
203 $532,506.32 $1,417.95 $0.00 $3,010.87 $536,935.14
204 $536,935.14 $1,417.95 $0.00 $3,035.91 $541,389.00
205 $541,389.00 $1,417.95 $0.00 $3,061.09 $545,868.04
206 $545,868.04 $1,417.95 $0.00 $3,086.42 $550,372.41
207 $550,372.41 $1,417.95 $0.00 $3,111.89 $554,902.25
208 $554,902.25 $1,417.95 $0.00 $3,137.50 $559,457.70
209 $559,457.70 $1,417.95 $0.00 $3,163.26 $564,038.91
210 $564,038.91 $1,417.95 $0.00 $3,189.16 $568,646.02
211 $568,646.02 $1,417.95 $0.00 $3,215.21 $573,279.18
212 $573,279.18 $1,417.95 $0.00 $3,241.40 $577,938.53
213 $577,938.53 $1,417.95 $0.00 $3,267.75 $582,624.23
214 $582,624.23 $1,417.95 $0.00 $3,294.24 $587,336.42
215 $587,336.42 $1,417.95 $0.00 $3,320.89 $592,075.26
216 $592,075.26 $1,417.95 $0.00 $3,347.68 $596,840.89
217 $596,840.89 $1,417.95 $161,635.12 $3,374.63 $439,998.35
218 $439,998.35 $1,417.95 $0.00 $2,487.81 $443,904.11
219 $443,904.11 $1,417.95 $0.00 $2,509.90 $447,831.96
220 $447,831.96 $1,417.95 $0.00 $2,532.11 $451,782.02
221 $451,782.02 $1,417.95 $0.00 $2,554.44 $455,754.41
222 $455,754.41 $1,417.95 $0.00 $2,576.90 $459,749.26
223 $459,749.26 $1,417.95 $0.00 $2,599.49 $463,766.70
224 $463,766.70 $1,417.95 $0.00 $2,622.20 $467,806.85
225 $467,806.85 $1,417.95 $0.00 $2,645.05 $471,869.85
226 $471,869.85 $1,417.95 $0.00 $2,668.02 $475,955.82
227 $475,955.82 $1,417.95 $0.00 $2,691.12 $480,064.89
228 $480,064.89 $1,417.95 $0.00 $2,714.36 $484,197.20
229 $484,197.20 $1,417.95 $172,949.58 $2,737.72 $315,403.29
230 $315,403.29 $1,417.95 $0.00 $1,783.34 $318,604.58
231 $318,604.58 $1,417.95 $0.00 $1,801.44 $321,823.97
232 $321,823.97 $1,417.95 $0.00 $1,819.64 $325,061.56
233 $325,061.56 $1,417.95 $0.00 $1,837.95 $328,317.46
234 $328,317.46 $1,417.95 $0.00 $1,856.35 $331,591.76
235 $331,591.76 $1,417.95 $0.00 $1,874.87 $334,884.58
236 $334,884.58 $1,417.95 $0.00 $1,893.49 $338,196.02
237 $338,196.02 $1,417.95 $0.00 $1,912.21 $341,526.18
238 $341,526.18 $1,417.95 $0.00 $1,931.04 $344,875.17
239 $344,875.17 $1,417.95 $0.00 $1,949.97 $348,243.09
240 $348,243.09 $1,417.95 $0.00 $1,969.02 $351,630.06
241 $351,630.06 $1,417.95 $185,056.05 $1,988.17 $169,980.13
242 $169,980.13 $1,417.95 $0.00 $961.09 $172,359.17
243 $172,359.17 $1,417.95 $0.00 $974.54 $174,751.66
244 $174,751.66 $1,417.95 $0.00 $988.07 $177,157.68
245 $177,157.68 $1,417.95 $0.00 $1,001.68 $179,577.31
246 $179,577.31 $1,417.95 $0.00 $1,015.36 $182,010.62
247 $182,010.62 $1,417.95 $0.00 $1,029.11 $184,457.68
248 $184,457.68 $1,417.95 $0.00 $1,042.95 $186,918.58
249 $186,918.58 $1,417.95 $0.00 $1,056.86 $189,393.39
250 $189,393.39 $1,417.95 $0.00 $1,070.86 $191,882.20
251 $191,882.20 $1,417.95 $0.00 $1,084.93 $194,385.08
252 $194,385.08 $1,417.95 $0.00 $1,099.08 $196,902.11
253 $196,902.11 $0.00 $198,009.97 $1,113.31 $5.45