Savings Plan and Future Cost Estimation for Colorado Northwestern Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$49,348
Monthly savings required$219

How much will it cost to send your child to Colorado Northwestern Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $98,696.06 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $219.32 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$20,005.00
Years until enrollment18
Annual Tuition Increase5%
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 $219.32 $0.00 $0.00 $219.32
2 $219.32 $219.32 $0.00 $1.24 $439.88
3 $439.88 $219.32 $0.00 $2.49 $661.69
4 $661.69 $219.32 $0.00 $3.74 $884.75
5 $884.75 $219.32 $0.00 $5.00 $1,109.07
6 $1,109.07 $219.32 $0.00 $6.27 $1,334.66
7 $1,334.66 $219.32 $0.00 $7.55 $1,561.53
8 $1,561.53 $219.32 $0.00 $8.83 $1,789.68
9 $1,789.68 $219.32 $0.00 $10.12 $2,019.12
10 $2,019.12 $219.32 $0.00 $11.42 $2,249.86
11 $2,249.86 $219.32 $0.00 $12.72 $2,481.90
12 $2,481.90 $219.32 $0.00 $14.03 $2,715.25
13 $2,715.25 $219.32 $0.00 $15.35 $2,949.92
14 $2,949.92 $219.32 $0.00 $16.68 $3,185.92
15 $3,185.92 $219.32 $0.00 $18.01 $3,423.25
16 $3,423.25 $219.32 $0.00 $19.36 $3,661.93
17 $3,661.93 $219.32 $0.00 $20.71 $3,901.96
18 $3,901.96 $219.32 $0.00 $22.06 $4,143.34
19 $4,143.34 $219.32 $0.00 $23.43 $4,386.09
20 $4,386.09 $219.32 $0.00 $24.80 $4,630.21
21 $4,630.21 $219.32 $0.00 $26.18 $4,875.71
22 $4,875.71 $219.32 $0.00 $27.57 $5,122.60
23 $5,122.60 $219.32 $0.00 $28.96 $5,370.88
24 $5,370.88 $219.32 $0.00 $30.37 $5,620.57
25 $5,620.57 $219.32 $0.00 $31.78 $5,871.67
26 $5,871.67 $219.32 $0.00 $33.20 $6,124.19
27 $6,124.19 $219.32 $0.00 $34.63 $6,378.14
28 $6,378.14 $219.32 $0.00 $36.06 $6,633.52
29 $6,633.52 $219.32 $0.00 $37.51 $6,890.35
30 $6,890.35 $219.32 $0.00 $38.96 $7,148.63
31 $7,148.63 $219.32 $0.00 $40.42 $7,408.37
32 $7,408.37 $219.32 $0.00 $41.89 $7,669.58
33 $7,669.58 $219.32 $0.00 $43.36 $7,932.26
34 $7,932.26 $219.32 $0.00 $44.85 $8,196.43
35 $8,196.43 $219.32 $0.00 $46.34 $8,462.09
36 $8,462.09 $219.32 $0.00 $47.85 $8,729.26
37 $8,729.26 $219.32 $0.00 $49.36 $8,997.94
38 $8,997.94 $219.32 $0.00 $50.88 $9,268.14
39 $9,268.14 $219.32 $0.00 $52.40 $9,539.86
40 $9,539.86 $219.32 $0.00 $53.94 $9,813.12
41 $9,813.12 $219.32 $0.00 $55.48 $10,087.92
42 $10,087.92 $219.32 $0.00 $57.04 $10,364.28
43 $10,364.28 $219.32 $0.00 $58.60 $10,642.20
44 $10,642.20 $219.32 $0.00 $60.17 $10,921.69
45 $10,921.69 $219.32 $0.00 $61.75 $11,202.76
46 $11,202.76 $219.32 $0.00 $63.34 $11,485.42
47 $11,485.42 $219.32 $0.00 $64.94 $11,769.68
48 $11,769.68 $219.32 $0.00 $66.55 $12,055.55
49 $12,055.55 $219.32 $0.00 $68.16 $12,343.03
50 $12,343.03 $219.32 $0.00 $69.79 $12,632.14
51 $12,632.14 $219.32 $0.00 $71.42 $12,922.88
52 $12,922.88 $219.32 $0.00 $73.07 $13,215.27
53 $13,215.27 $219.32 $0.00 $74.72 $13,509.31
54 $13,509.31 $219.32 $0.00 $76.38 $13,805.01
55 $13,805.01 $219.32 $0.00 $78.06 $14,102.39
56 $14,102.39 $219.32 $0.00 $79.74 $14,401.45
57 $14,401.45 $219.32 $0.00 $81.43 $14,702.20
58 $14,702.20 $219.32 $0.00 $83.13 $15,004.65
59 $15,004.65 $219.32 $0.00 $84.84 $15,308.81
60 $15,308.81 $219.32 $0.00 $86.56 $15,614.69
61 $15,614.69 $219.32 $0.00 $88.29 $15,922.30
62 $15,922.30 $219.32 $0.00 $90.03 $16,231.65
63 $16,231.65 $219.32 $0.00 $91.78 $16,542.75
64 $16,542.75 $219.32 $0.00 $93.54 $16,855.61
65 $16,855.61 $219.32 $0.00 $95.30 $17,170.23
66 $17,170.23 $219.32 $0.00 $97.08 $17,486.63
67 $17,486.63 $219.32 $0.00 $98.87 $17,804.82
68 $17,804.82 $219.32 $0.00 $100.67 $18,124.81
69 $18,124.81 $219.32 $0.00 $102.48 $18,446.61
70 $18,446.61 $219.32 $0.00 $104.30 $18,770.23
71 $18,770.23 $219.32 $0.00 $106.13 $19,095.68
72 $19,095.68 $219.32 $0.00 $107.97 $19,422.97
73 $19,422.97 $219.32 $0.00 $109.82 $19,752.11
74 $19,752.11 $219.32 $0.00 $111.68 $20,083.11
75 $20,083.11 $219.32 $0.00 $113.55 $20,415.98
76 $20,415.98 $219.32 $0.00 $115.43 $20,750.73
77 $20,750.73 $219.32 $0.00 $117.33 $21,087.38
78 $21,087.38 $219.32 $0.00 $119.23 $21,425.93
79 $21,425.93 $219.32 $0.00 $121.15 $21,766.40
80 $21,766.40 $219.32 $0.00 $123.07 $22,108.79
81 $22,108.79 $219.32 $0.00 $125.01 $22,453.12
82 $22,453.12 $219.32 $0.00 $126.95 $22,799.39
83 $22,799.39 $219.32 $0.00 $128.91 $23,147.62
84 $23,147.62 $219.32 $0.00 $130.88 $23,497.82
85 $23,497.82 $219.32 $0.00 $132.86 $23,850.00
86 $23,850.00 $219.32 $0.00 $134.85 $24,204.17
87 $24,204.17 $219.32 $0.00 $136.85 $24,560.34
88 $24,560.34 $219.32 $0.00 $138.87 $24,918.53
89 $24,918.53 $219.32 $0.00 $140.89 $25,278.74
90 $25,278.74 $219.32 $0.00 $142.93 $25,640.99
91 $25,640.99 $219.32 $0.00 $144.98 $26,005.29
92 $26,005.29 $219.32 $0.00 $147.04 $26,371.65
93 $26,371.65 $219.32 $0.00 $149.11 $26,740.08
94 $26,740.08 $219.32 $0.00 $151.19 $27,110.59
95 $27,110.59 $219.32 $0.00 $153.29 $27,483.20
96 $27,483.20 $219.32 $0.00 $155.39 $27,857.91
97 $27,857.91 $219.32 $0.00 $157.51 $28,234.74
98 $28,234.74 $219.32 $0.00 $159.64 $28,613.70
99 $28,613.70 $219.32 $0.00 $161.79 $28,994.81
100 $28,994.81 $219.32 $0.00 $163.94 $29,378.07
101 $29,378.07 $219.32 $0.00 $166.11 $29,763.50
102 $29,763.50 $219.32 $0.00 $168.29 $30,151.11
103 $30,151.11 $219.32 $0.00 $170.48 $30,540.91
104 $30,540.91 $219.32 $0.00 $172.68 $30,932.91
105 $30,932.91 $219.32 $0.00 $174.90 $31,327.13
106 $31,327.13 $219.32 $0.00 $177.13 $31,723.58
107 $31,723.58 $219.32 $0.00 $179.37 $32,122.27
108 $32,122.27 $219.32 $0.00 $181.62 $32,523.21
109 $32,523.21 $219.32 $0.00 $183.89 $32,926.42
110 $32,926.42 $219.32 $0.00 $186.17 $33,331.91
111 $33,331.91 $219.32 $0.00 $188.46 $33,739.69
112 $33,739.69 $219.32 $0.00 $190.77 $34,149.78
113 $34,149.78 $219.32 $0.00 $193.09 $34,562.19
114 $34,562.19 $219.32 $0.00 $195.42 $34,976.93
115 $34,976.93 $219.32 $0.00 $197.76 $35,394.01
116 $35,394.01 $219.32 $0.00 $200.12 $35,813.45
117 $35,813.45 $219.32 $0.00 $202.49 $36,235.26
118 $36,235.26 $219.32 $0.00 $204.88 $36,659.46
119 $36,659.46 $219.32 $0.00 $207.28 $37,086.06
120 $37,086.06 $219.32 $0.00 $209.69 $37,515.07
121 $37,515.07 $219.32 $0.00 $212.12 $37,946.51
122 $37,946.51 $219.32 $0.00 $214.56 $38,380.39
123 $38,380.39 $219.32 $0.00 $217.01 $38,816.72
124 $38,816.72 $219.32 $0.00 $219.48 $39,255.52
125 $39,255.52 $219.32 $0.00 $221.96 $39,696.80
126 $39,696.80 $219.32 $0.00 $224.45 $40,140.57
127 $40,140.57 $219.32 $0.00 $226.96 $40,586.85
128 $40,586.85 $219.32 $0.00 $229.48 $41,035.65
129 $41,035.65 $219.32 $0.00 $232.02 $41,486.99
130 $41,486.99 $219.32 $0.00 $234.57 $41,940.88
131 $41,940.88 $219.32 $0.00 $237.14 $42,397.34
132 $42,397.34 $219.32 $0.00 $239.72 $42,856.38
133 $42,856.38 $219.32 $0.00 $242.32 $43,318.02
134 $43,318.02 $219.32 $0.00 $244.93 $43,782.27
135 $43,782.27 $219.32 $0.00 $247.55 $44,249.14
136 $44,249.14 $219.32 $0.00 $250.19 $44,718.65
137 $44,718.65 $219.32 $0.00 $252.85 $45,190.82
138 $45,190.82 $219.32 $0.00 $255.52 $45,665.66
139 $45,665.66 $219.32 $0.00 $258.20 $46,143.18
140 $46,143.18 $219.32 $0.00 $260.90 $46,623.40
141 $46,623.40 $219.32 $0.00 $263.62 $47,106.34
142 $47,106.34 $219.32 $0.00 $266.35 $47,592.01
143 $47,592.01 $219.32 $0.00 $269.09 $48,080.42
144 $48,080.42 $219.32 $0.00 $271.85 $48,571.59
145 $48,571.59 $219.32 $0.00 $274.63 $49,065.54
146 $49,065.54 $219.32 $0.00 $277.42 $49,562.28
147 $49,562.28 $219.32 $0.00 $280.23 $50,061.83
148 $50,061.83 $219.32 $0.00 $283.06 $50,564.21
149 $50,564.21 $219.32 $0.00 $285.90 $51,069.43
150 $51,069.43 $219.32 $0.00 $288.75 $51,577.50
151 $51,577.50 $219.32 $0.00 $291.63 $52,088.45
152 $52,088.45 $219.32 $0.00 $294.52 $52,602.29
153 $52,602.29 $219.32 $0.00 $297.42 $53,119.03
154 $53,119.03 $219.32 $0.00 $300.34 $53,638.69
155 $53,638.69 $219.32 $0.00 $303.28 $54,161.29
156 $54,161.29 $219.32 $0.00 $306.24 $54,686.85
157 $54,686.85 $219.32 $0.00 $309.21 $55,215.38
158 $55,215.38 $219.32 $0.00 $312.20 $55,746.90
159 $55,746.90 $219.32 $0.00 $315.20 $56,281.42
160 $56,281.42 $219.32 $0.00 $318.22 $56,818.96
161 $56,818.96 $219.32 $0.00 $321.26 $57,359.54
162 $57,359.54 $219.32 $0.00 $324.32 $57,903.18
163 $57,903.18 $219.32 $0.00 $327.39 $58,449.89
164 $58,449.89 $219.32 $0.00 $330.48 $58,999.69
165 $58,999.69 $219.32 $0.00 $333.59 $59,552.60
166 $59,552.60 $219.32 $0.00 $336.72 $60,108.64
167 $60,108.64 $219.32 $0.00 $339.86 $60,667.82
168 $60,667.82 $219.32 $0.00 $343.02 $61,230.16
169 $61,230.16 $219.32 $0.00 $346.20 $61,795.68
170 $61,795.68 $219.32 $0.00 $349.40 $62,364.40
171 $62,364.40 $219.32 $0.00 $352.62 $62,936.34
172 $62,936.34 $219.32 $0.00 $355.85 $63,511.51
173 $63,511.51 $219.32 $0.00 $359.10 $64,089.93
174 $64,089.93 $219.32 $0.00 $362.37 $64,671.62
175 $64,671.62 $219.32 $0.00 $365.66 $65,256.60
176 $65,256.60 $219.32 $0.00 $368.97 $65,844.89
177 $65,844.89 $219.32 $0.00 $372.30 $66,436.51
178 $66,436.51 $219.32 $0.00 $375.64 $67,031.47
179 $67,031.47 $219.32 $0.00 $379.01 $67,629.80
180 $67,629.80 $219.32 $0.00 $382.39 $68,231.51
181 $68,231.51 $219.32 $0.00 $385.79 $68,836.62
182 $68,836.62 $219.32 $0.00 $389.21 $69,445.15
183 $69,445.15 $219.32 $0.00 $392.65 $70,057.12
184 $70,057.12 $219.32 $0.00 $396.11 $70,672.55
185 $70,672.55 $219.32 $0.00 $399.59 $71,291.46
186 $71,291.46 $219.32 $0.00 $403.09 $71,913.87
187 $71,913.87 $219.32 $0.00 $406.61 $72,539.80
188 $72,539.80 $219.32 $0.00 $410.15 $73,169.27
189 $73,169.27 $219.32 $0.00 $413.71 $73,802.30
190 $73,802.30 $219.32 $0.00 $417.29 $74,438.91
191 $74,438.91 $219.32 $0.00 $420.89 $75,079.12
192 $75,079.12 $219.32 $0.00 $424.51 $75,722.95
193 $75,722.95 $219.32 $0.00 $428.15 $76,370.42
194 $76,370.42 $219.32 $0.00 $431.81 $77,021.55
195 $77,021.55 $219.32 $0.00 $435.49 $77,676.36
196 $77,676.36 $219.32 $0.00 $439.19 $78,334.87
197 $78,334.87 $219.32 $0.00 $442.92 $78,997.11
198 $78,997.11 $219.32 $0.00 $446.66 $79,663.09
199 $79,663.09 $219.32 $0.00 $450.43 $80,332.84
200 $80,332.84 $219.32 $0.00 $454.21 $81,006.37
201 $81,006.37 $219.32 $0.00 $458.02 $81,683.71
202 $81,683.71 $219.32 $0.00 $461.85 $82,364.88
203 $82,364.88 $219.32 $0.00 $465.70 $83,049.90
204 $83,049.90 $219.32 $0.00 $469.58 $83,738.80
205 $83,738.80 $219.32 $0.00 $473.47 $84,431.59
206 $84,431.59 $219.32 $0.00 $477.39 $85,128.30
207 $85,128.30 $219.32 $0.00 $481.33 $85,828.95
208 $85,828.95 $219.32 $0.00 $485.29 $86,533.56
209 $86,533.56 $219.32 $0.00 $489.27 $87,242.15
210 $87,242.15 $219.32 $0.00 $493.28 $87,954.75
211 $87,954.75 $219.32 $0.00 $497.31 $88,671.38
212 $88,671.38 $219.32 $0.00 $501.36 $89,392.06
213 $89,392.06 $219.32 $0.00 $505.44 $90,116.82
214 $90,116.82 $219.32 $0.00 $509.53 $90,845.67
215 $90,845.67 $219.32 $0.00 $513.65 $91,578.64
216 $91,578.64 $219.32 $0.00 $517.80 $92,315.76
217 $92,315.76 $219.32 $48,144.42 $521.97 $44,912.63
218 $44,912.63 $219.32 $0.00 $253.94 $45,385.89
219 $45,385.89 $219.32 $0.00 $256.62 $45,861.83
220 $45,861.83 $219.32 $0.00 $259.31 $46,340.46
221 $46,340.46 $219.32 $0.00 $262.02 $46,821.80
222 $46,821.80 $219.32 $0.00 $264.74 $47,305.86
223 $47,305.86 $219.32 $0.00 $267.47 $47,792.65
224 $47,792.65 $219.32 $0.00 $270.23 $48,282.20
225 $48,282.20 $219.32 $0.00 $272.99 $48,774.51
226 $48,774.51 $219.32 $0.00 $275.78 $49,269.61
227 $49,269.61 $219.32 $0.00 $278.58 $49,767.51
228 $49,767.51 $219.32 $0.00 $281.39 $50,268.22
229 $50,268.22 $0.00 $50,551.64 $284.22 $0.80