Savings Plan and Future Cost Estimation for Northwest Technical College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$71,357
Monthly savings required$317

How much will it cost to send your child to Northwest Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $142,713.79 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $317.03 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$20,398.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $317.03 $0.00 $0.00 $317.03
2 $317.03 $317.03 $0.00 $1.79 $635.85
3 $635.85 $317.03 $0.00 $3.60 $956.48
4 $956.48 $317.03 $0.00 $5.41 $1,278.92
5 $1,278.92 $317.03 $0.00 $7.23 $1,603.18
6 $1,603.18 $317.03 $0.00 $9.06 $1,929.27
7 $1,929.27 $317.03 $0.00 $10.91 $2,257.21
8 $2,257.21 $317.03 $0.00 $12.76 $2,587.00
9 $2,587.00 $317.03 $0.00 $14.63 $2,918.66
10 $2,918.66 $317.03 $0.00 $16.50 $3,252.19
11 $3,252.19 $317.03 $0.00 $18.39 $3,587.61
12 $3,587.61 $317.03 $0.00 $20.28 $3,924.92
13 $3,924.92 $317.03 $0.00 $22.19 $4,264.14
14 $4,264.14 $317.03 $0.00 $24.11 $4,605.28
15 $4,605.28 $317.03 $0.00 $26.04 $4,948.35
16 $4,948.35 $317.03 $0.00 $27.98 $5,293.36
17 $5,293.36 $317.03 $0.00 $29.93 $5,640.32
18 $5,640.32 $317.03 $0.00 $31.89 $5,989.24
19 $5,989.24 $317.03 $0.00 $33.86 $6,340.13
20 $6,340.13 $317.03 $0.00 $35.85 $6,693.01
21 $6,693.01 $317.03 $0.00 $37.84 $7,047.88
22 $7,047.88 $317.03 $0.00 $39.85 $7,404.76
23 $7,404.76 $317.03 $0.00 $41.87 $7,763.66
24 $7,763.66 $317.03 $0.00 $43.90 $8,124.59
25 $8,124.59 $317.03 $0.00 $45.94 $8,487.56
26 $8,487.56 $317.03 $0.00 $47.99 $8,852.58
27 $8,852.58 $317.03 $0.00 $50.05 $9,219.66
28 $9,219.66 $317.03 $0.00 $52.13 $9,588.82
29 $9,588.82 $317.03 $0.00 $54.22 $9,960.07
30 $9,960.07 $317.03 $0.00 $56.32 $10,333.42
31 $10,333.42 $317.03 $0.00 $58.43 $10,708.88
32 $10,708.88 $317.03 $0.00 $60.55 $11,086.46
33 $11,086.46 $317.03 $0.00 $62.68 $11,466.17
34 $11,466.17 $317.03 $0.00 $64.83 $11,848.03
35 $11,848.03 $317.03 $0.00 $66.99 $12,232.05
36 $12,232.05 $317.03 $0.00 $69.16 $12,618.24
37 $12,618.24 $317.03 $0.00 $71.35 $13,006.62
38 $13,006.62 $317.03 $0.00 $73.54 $13,397.19
39 $13,397.19 $317.03 $0.00 $75.75 $13,789.97
40 $13,789.97 $317.03 $0.00 $77.97 $14,184.97
41 $14,184.97 $317.03 $0.00 $80.20 $14,582.20
42 $14,582.20 $317.03 $0.00 $82.45 $14,981.68
43 $14,981.68 $317.03 $0.00 $84.71 $15,383.42
44 $15,383.42 $317.03 $0.00 $86.98 $15,787.43
45 $15,787.43 $317.03 $0.00 $89.26 $16,193.72
46 $16,193.72 $317.03 $0.00 $91.56 $16,602.31
47 $16,602.31 $317.03 $0.00 $93.87 $17,013.21
48 $17,013.21 $317.03 $0.00 $96.20 $17,426.44
49 $17,426.44 $317.03 $0.00 $98.53 $17,842.00
50 $17,842.00 $317.03 $0.00 $100.88 $18,259.91
51 $18,259.91 $317.03 $0.00 $103.24 $18,680.18
52 $18,680.18 $317.03 $0.00 $105.62 $19,102.83
53 $19,102.83 $317.03 $0.00 $108.01 $19,527.87
54 $19,527.87 $317.03 $0.00 $110.41 $19,955.31
55 $19,955.31 $317.03 $0.00 $112.83 $20,385.17
56 $20,385.17 $317.03 $0.00 $115.26 $20,817.46
57 $20,817.46 $317.03 $0.00 $117.70 $21,252.19
58 $21,252.19 $317.03 $0.00 $120.16 $21,689.38
59 $21,689.38 $317.03 $0.00 $122.63 $22,129.04
60 $22,129.04 $317.03 $0.00 $125.12 $22,571.19
61 $22,571.19 $317.03 $0.00 $127.62 $23,015.84
62 $23,015.84 $317.03 $0.00 $130.13 $23,463.00
63 $23,463.00 $317.03 $0.00 $132.66 $23,912.69
64 $23,912.69 $317.03 $0.00 $135.21 $24,364.93
65 $24,364.93 $317.03 $0.00 $137.76 $24,819.72
66 $24,819.72 $317.03 $0.00 $140.33 $25,277.08
67 $25,277.08 $317.03 $0.00 $142.92 $25,737.03
68 $25,737.03 $317.03 $0.00 $145.52 $26,199.58
69 $26,199.58 $317.03 $0.00 $148.14 $26,664.75
70 $26,664.75 $317.03 $0.00 $150.77 $27,132.55
71 $27,132.55 $317.03 $0.00 $153.41 $27,602.99
72 $27,602.99 $317.03 $0.00 $156.07 $28,076.09
73 $28,076.09 $317.03 $0.00 $158.75 $28,551.87
74 $28,551.87 $317.03 $0.00 $161.44 $29,030.34
75 $29,030.34 $317.03 $0.00 $164.14 $29,511.51
76 $29,511.51 $317.03 $0.00 $166.86 $29,995.40
77 $29,995.40 $317.03 $0.00 $169.60 $30,482.03
78 $30,482.03 $317.03 $0.00 $172.35 $30,971.41
79 $30,971.41 $317.03 $0.00 $175.12 $31,463.56
80 $31,463.56 $317.03 $0.00 $177.90 $31,958.49
81 $31,958.49 $317.03 $0.00 $180.70 $32,456.22
82 $32,456.22 $317.03 $0.00 $183.51 $32,956.76
83 $32,956.76 $317.03 $0.00 $186.34 $33,460.13
84 $33,460.13 $317.03 $0.00 $189.19 $33,966.35
85 $33,966.35 $317.03 $0.00 $192.05 $34,475.43
86 $34,475.43 $317.03 $0.00 $194.93 $34,987.39
87 $34,987.39 $317.03 $0.00 $197.82 $35,502.24
88 $35,502.24 $317.03 $0.00 $200.73 $36,020.00
89 $36,020.00 $317.03 $0.00 $203.66 $36,540.69
90 $36,540.69 $317.03 $0.00 $206.61 $37,064.33
91 $37,064.33 $317.03 $0.00 $209.57 $37,590.93
92 $37,590.93 $317.03 $0.00 $212.54 $38,120.50
93 $38,120.50 $317.03 $0.00 $215.54 $38,653.07
94 $38,653.07 $317.03 $0.00 $218.55 $39,188.65
95 $39,188.65 $317.03 $0.00 $221.58 $39,727.26
96 $39,727.26 $317.03 $0.00 $224.62 $40,268.91
97 $40,268.91 $317.03 $0.00 $227.69 $40,813.63
98 $40,813.63 $317.03 $0.00 $230.77 $41,361.43
99 $41,361.43 $317.03 $0.00 $233.86 $41,912.32
100 $41,912.32 $317.03 $0.00 $236.98 $42,466.33
101 $42,466.33 $317.03 $0.00 $240.11 $43,023.47
102 $43,023.47 $317.03 $0.00 $243.26 $43,583.76
103 $43,583.76 $317.03 $0.00 $246.43 $44,147.22
104 $44,147.22 $317.03 $0.00 $249.61 $44,713.86
105 $44,713.86 $317.03 $0.00 $252.82 $45,283.71
106 $45,283.71 $317.03 $0.00 $256.04 $45,856.78
107 $45,856.78 $317.03 $0.00 $259.28 $46,433.09
108 $46,433.09 $317.03 $0.00 $262.54 $47,012.66
109 $47,012.66 $317.03 $0.00 $265.82 $47,595.51
110 $47,595.51 $317.03 $0.00 $269.11 $48,181.65
111 $48,181.65 $317.03 $0.00 $272.43 $48,771.11
112 $48,771.11 $317.03 $0.00 $275.76 $49,363.90
113 $49,363.90 $317.03 $0.00 $279.11 $49,960.04
114 $49,960.04 $317.03 $0.00 $282.48 $50,559.55
115 $50,559.55 $317.03 $0.00 $285.87 $51,162.45
116 $51,162.45 $317.03 $0.00 $289.28 $51,768.76
117 $51,768.76 $317.03 $0.00 $292.71 $52,378.50
118 $52,378.50 $317.03 $0.00 $296.16 $52,991.69
119 $52,991.69 $317.03 $0.00 $299.62 $53,608.34
120 $53,608.34 $317.03 $0.00 $303.11 $54,228.48
121 $54,228.48 $317.03 $0.00 $306.62 $54,852.13
122 $54,852.13 $317.03 $0.00 $310.14 $55,479.30
123 $55,479.30 $317.03 $0.00 $313.69 $56,110.02
124 $56,110.02 $317.03 $0.00 $317.25 $56,744.30
125 $56,744.30 $317.03 $0.00 $320.84 $57,382.17
126 $57,382.17 $317.03 $0.00 $324.45 $58,023.65
127 $58,023.65 $317.03 $0.00 $328.07 $58,668.75
128 $58,668.75 $317.03 $0.00 $331.72 $59,317.50
129 $59,317.50 $317.03 $0.00 $335.39 $59,969.92
130 $59,969.92 $317.03 $0.00 $339.08 $60,626.03
131 $60,626.03 $317.03 $0.00 $342.79 $61,285.85
132 $61,285.85 $317.03 $0.00 $346.52 $61,949.40
133 $61,949.40 $317.03 $0.00 $350.27 $62,616.70
134 $62,616.70 $317.03 $0.00 $354.04 $63,287.77
135 $63,287.77 $317.03 $0.00 $357.84 $63,962.64
136 $63,962.64 $317.03 $0.00 $361.65 $64,641.32
137 $64,641.32 $317.03 $0.00 $365.49 $65,323.84
138 $65,323.84 $317.03 $0.00 $369.35 $66,010.22
139 $66,010.22 $317.03 $0.00 $373.23 $66,700.48
140 $66,700.48 $317.03 $0.00 $377.13 $67,394.64
141 $67,394.64 $317.03 $0.00 $381.06 $68,092.73
142 $68,092.73 $317.03 $0.00 $385.01 $68,794.77
143 $68,794.77 $317.03 $0.00 $388.98 $69,500.78
144 $69,500.78 $317.03 $0.00 $392.97 $70,210.78
145 $70,210.78 $317.03 $0.00 $396.98 $70,924.79
146 $70,924.79 $317.03 $0.00 $401.02 $71,642.84
147 $71,642.84 $317.03 $0.00 $405.08 $72,364.95
148 $72,364.95 $317.03 $0.00 $409.16 $73,091.14
149 $73,091.14 $317.03 $0.00 $413.27 $73,821.44
150 $73,821.44 $317.03 $0.00 $417.40 $74,555.87
151 $74,555.87 $317.03 $0.00 $421.55 $75,294.45
152 $75,294.45 $317.03 $0.00 $425.73 $76,037.21
153 $76,037.21 $317.03 $0.00 $429.93 $76,784.17
154 $76,784.17 $317.03 $0.00 $434.15 $77,535.35
155 $77,535.35 $317.03 $0.00 $438.40 $78,290.78
156 $78,290.78 $317.03 $0.00 $442.67 $79,050.48
157 $79,050.48 $317.03 $0.00 $446.96 $79,814.47
158 $79,814.47 $317.03 $0.00 $451.28 $80,582.78
159 $80,582.78 $317.03 $0.00 $455.63 $81,355.44
160 $81,355.44 $317.03 $0.00 $460.00 $82,132.47
161 $82,132.47 $317.03 $0.00 $464.39 $82,913.89
162 $82,913.89 $317.03 $0.00 $468.81 $83,699.73
163 $83,699.73 $317.03 $0.00 $473.25 $84,490.01
164 $84,490.01 $317.03 $0.00 $477.72 $85,284.76
165 $85,284.76 $317.03 $0.00 $482.21 $86,084.00
166 $86,084.00 $317.03 $0.00 $486.73 $86,887.76
167 $86,887.76 $317.03 $0.00 $491.28 $87,696.07
168 $87,696.07 $317.03 $0.00 $495.85 $88,508.95
169 $88,508.95 $317.03 $0.00 $500.44 $89,326.42
170 $89,326.42 $317.03 $0.00 $505.06 $90,148.51
171 $90,148.51 $317.03 $0.00 $509.71 $90,975.25
172 $90,975.25 $317.03 $0.00 $514.39 $91,806.67
173 $91,806.67 $317.03 $0.00 $519.09 $92,642.79
174 $92,642.79 $317.03 $0.00 $523.82 $93,483.64
175 $93,483.64 $317.03 $0.00 $528.57 $94,329.24
176 $94,329.24 $317.03 $0.00 $533.35 $95,179.62
177 $95,179.62 $317.03 $0.00 $538.16 $96,034.81
178 $96,034.81 $317.03 $0.00 $542.99 $96,894.83
179 $96,894.83 $317.03 $0.00 $547.86 $97,759.72
180 $97,759.72 $317.03 $0.00 $552.75 $98,629.50
181 $98,629.50 $317.03 $0.00 $557.67 $99,504.20
182 $99,504.20 $317.03 $0.00 $562.61 $100,383.84
183 $100,383.84 $317.03 $0.00 $567.58 $101,268.45
184 $101,268.45 $317.03 $0.00 $572.59 $102,158.07
185 $102,158.07 $317.03 $0.00 $577.62 $103,052.72
186 $103,052.72 $317.03 $0.00 $582.68 $103,952.43
187 $103,952.43 $317.03 $0.00 $587.76 $104,857.22
188 $104,857.22 $317.03 $0.00 $592.88 $105,767.13
189 $105,767.13 $317.03 $0.00 $598.02 $106,682.18
190 $106,682.18 $317.03 $0.00 $603.20 $107,602.41
191 $107,602.41 $317.03 $0.00 $608.40 $108,527.84
192 $108,527.84 $317.03 $0.00 $613.63 $109,458.50
193 $109,458.50 $317.03 $0.00 $618.89 $110,394.42
194 $110,394.42 $317.03 $0.00 $624.19 $111,335.64
195 $111,335.64 $317.03 $0.00 $629.51 $112,282.18
196 $112,282.18 $317.03 $0.00 $634.86 $113,234.07
197 $113,234.07 $317.03 $0.00 $640.24 $114,191.34
198 $114,191.34 $317.03 $0.00 $645.65 $115,154.02
199 $115,154.02 $317.03 $0.00 $651.10 $116,122.15
200 $116,122.15 $317.03 $0.00 $656.57 $117,095.75
201 $117,095.75 $317.03 $0.00 $662.08 $118,074.86
202 $118,074.86 $317.03 $0.00 $667.61 $119,059.50
203 $119,059.50 $317.03 $0.00 $673.18 $120,049.71
204 $120,049.71 $317.03 $0.00 $678.78 $121,045.52
205 $121,045.52 $317.03 $0.00 $684.41 $122,046.96
206 $122,046.96 $317.03 $0.00 $690.07 $123,054.06
207 $123,054.06 $317.03 $0.00 $695.77 $124,066.86
208 $124,066.86 $317.03 $0.00 $701.49 $125,085.38
209 $125,085.38 $317.03 $0.00 $707.25 $126,109.66
210 $126,109.66 $317.03 $0.00 $713.04 $127,139.73
211 $127,139.73 $317.03 $0.00 $718.87 $128,175.63
212 $128,175.63 $317.03 $0.00 $724.72 $129,217.38
213 $129,217.38 $317.03 $0.00 $730.61 $130,265.02
214 $130,265.02 $317.03 $0.00 $736.54 $131,318.59
215 $131,318.59 $317.03 $0.00 $742.49 $132,378.11
216 $132,378.11 $317.03 $0.00 $748.49 $133,443.63
217 $133,443.63 $317.03 $68,943.86 $754.51 $65,571.31
218 $65,571.31 $317.03 $0.00 $370.75 $66,259.09
219 $66,259.09 $317.03 $0.00 $374.64 $66,950.76
220 $66,950.76 $317.03 $0.00 $378.55 $67,646.34
221 $67,646.34 $317.03 $0.00 $382.48 $68,345.85
222 $68,345.85 $317.03 $0.00 $386.44 $69,049.32
223 $69,049.32 $317.03 $0.00 $390.41 $69,756.76
224 $69,756.76 $317.03 $0.00 $394.41 $70,468.20
225 $70,468.20 $317.03 $0.00 $398.44 $71,183.67
226 $71,183.67 $317.03 $0.00 $402.48 $71,903.18
227 $71,903.18 $317.03 $0.00 $406.55 $72,626.76
228 $72,626.76 $317.03 $0.00 $410.64 $73,354.43
229 $73,354.43 $0.00 $73,769.93 $414.76 -$0.74