Savings Plan and Future Cost Estimation for Northeastern Junior College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$72,228
Monthly savings required$321

How much will it cost to send your child to Northeastern Junior College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $144,455.91 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $320.90 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$20,647.00
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 $320.90 $0.00 $0.00 $320.90
2 $320.90 $320.90 $0.00 $1.81 $643.61
3 $643.61 $320.90 $0.00 $3.64 $968.15
4 $968.15 $320.90 $0.00 $5.47 $1,294.52
5 $1,294.52 $320.90 $0.00 $7.32 $1,622.74
6 $1,622.74 $320.90 $0.00 $9.18 $1,952.82
7 $1,952.82 $320.90 $0.00 $11.04 $2,284.76
8 $2,284.76 $320.90 $0.00 $12.92 $2,618.58
9 $2,618.58 $320.90 $0.00 $14.81 $2,954.29
10 $2,954.29 $320.90 $0.00 $16.70 $3,291.89
11 $3,291.89 $320.90 $0.00 $18.61 $3,631.40
12 $3,631.40 $320.90 $0.00 $20.53 $3,972.83
13 $3,972.83 $320.90 $0.00 $22.46 $4,316.19
14 $4,316.19 $320.90 $0.00 $24.40 $4,661.49
15 $4,661.49 $320.90 $0.00 $26.36 $5,008.75
16 $5,008.75 $320.90 $0.00 $28.32 $5,357.97
17 $5,357.97 $320.90 $0.00 $30.29 $5,709.16
18 $5,709.16 $320.90 $0.00 $32.28 $6,062.34
19 $6,062.34 $320.90 $0.00 $34.28 $6,417.52
20 $6,417.52 $320.90 $0.00 $36.29 $6,774.71
21 $6,774.71 $320.90 $0.00 $38.31 $7,133.92
22 $7,133.92 $320.90 $0.00 $40.34 $7,495.16
23 $7,495.16 $320.90 $0.00 $42.38 $7,858.44
24 $7,858.44 $320.90 $0.00 $44.43 $8,223.77
25 $8,223.77 $320.90 $0.00 $46.50 $8,591.17
26 $8,591.17 $320.90 $0.00 $48.58 $8,960.65
27 $8,960.65 $320.90 $0.00 $50.66 $9,332.21
28 $9,332.21 $320.90 $0.00 $52.77 $9,705.88
29 $9,705.88 $320.90 $0.00 $54.88 $10,081.66
30 $10,081.66 $320.90 $0.00 $57.00 $10,459.56
31 $10,459.56 $320.90 $0.00 $59.14 $10,839.60
32 $10,839.60 $320.90 $0.00 $61.29 $11,221.79
33 $11,221.79 $320.90 $0.00 $63.45 $11,606.14
34 $11,606.14 $320.90 $0.00 $65.62 $11,992.66
35 $11,992.66 $320.90 $0.00 $67.81 $12,381.37
36 $12,381.37 $320.90 $0.00 $70.01 $12,772.28
37 $12,772.28 $320.90 $0.00 $72.22 $13,165.40
38 $13,165.40 $320.90 $0.00 $74.44 $13,560.74
39 $13,560.74 $320.90 $0.00 $76.67 $13,958.31
40 $13,958.31 $320.90 $0.00 $78.92 $14,358.13
41 $14,358.13 $320.90 $0.00 $81.18 $14,760.21
42 $14,760.21 $320.90 $0.00 $83.46 $15,164.57
43 $15,164.57 $320.90 $0.00 $85.74 $15,571.21
44 $15,571.21 $320.90 $0.00 $88.04 $15,980.15
45 $15,980.15 $320.90 $0.00 $90.35 $16,391.40
46 $16,391.40 $320.90 $0.00 $92.68 $16,804.98
47 $16,804.98 $320.90 $0.00 $95.02 $17,220.90
48 $17,220.90 $320.90 $0.00 $97.37 $17,639.17
49 $17,639.17 $320.90 $0.00 $99.73 $18,059.80
50 $18,059.80 $320.90 $0.00 $102.11 $18,482.81
51 $18,482.81 $320.90 $0.00 $104.50 $18,908.21
52 $18,908.21 $320.90 $0.00 $106.91 $19,336.02
53 $19,336.02 $320.90 $0.00 $109.33 $19,766.25
54 $19,766.25 $320.90 $0.00 $111.76 $20,198.91
55 $20,198.91 $320.90 $0.00 $114.21 $20,634.02
56 $20,634.02 $320.90 $0.00 $116.67 $21,071.59
57 $21,071.59 $320.90 $0.00 $119.14 $21,511.63
58 $21,511.63 $320.90 $0.00 $121.63 $21,954.16
59 $21,954.16 $320.90 $0.00 $124.13 $22,399.19
60 $22,399.19 $320.90 $0.00 $126.65 $22,846.74
61 $22,846.74 $320.90 $0.00 $129.18 $23,296.82
62 $23,296.82 $320.90 $0.00 $131.72 $23,749.44
63 $23,749.44 $320.90 $0.00 $134.28 $24,204.62
64 $24,204.62 $320.90 $0.00 $136.86 $24,662.38
65 $24,662.38 $320.90 $0.00 $139.44 $25,122.72
66 $25,122.72 $320.90 $0.00 $142.05 $25,585.67
67 $25,585.67 $320.90 $0.00 $144.67 $26,051.24
68 $26,051.24 $320.90 $0.00 $147.30 $26,519.44
69 $26,519.44 $320.90 $0.00 $149.94 $26,990.28
70 $26,990.28 $320.90 $0.00 $152.61 $27,463.79
71 $27,463.79 $320.90 $0.00 $155.28 $27,939.97
72 $27,939.97 $320.90 $0.00 $157.98 $28,418.85
73 $28,418.85 $320.90 $0.00 $160.68 $28,900.43
74 $28,900.43 $320.90 $0.00 $163.41 $29,384.74
75 $29,384.74 $320.90 $0.00 $166.15 $29,871.79
76 $29,871.79 $320.90 $0.00 $168.90 $30,361.59
77 $30,361.59 $320.90 $0.00 $171.67 $30,854.16
78 $30,854.16 $320.90 $0.00 $174.45 $31,349.51
79 $31,349.51 $320.90 $0.00 $177.25 $31,847.66
80 $31,847.66 $320.90 $0.00 $180.07 $32,348.63
81 $32,348.63 $320.90 $0.00 $182.90 $32,852.43
82 $32,852.43 $320.90 $0.00 $185.75 $33,359.08
83 $33,359.08 $320.90 $0.00 $188.62 $33,868.60
84 $33,868.60 $320.90 $0.00 $191.50 $34,381.00
85 $34,381.00 $320.90 $0.00 $194.40 $34,896.30
86 $34,896.30 $320.90 $0.00 $197.31 $35,414.51
87 $35,414.51 $320.90 $0.00 $200.24 $35,935.65
88 $35,935.65 $320.90 $0.00 $203.19 $36,459.74
89 $36,459.74 $320.90 $0.00 $206.15 $36,986.79
90 $36,986.79 $320.90 $0.00 $209.13 $37,516.82
91 $37,516.82 $320.90 $0.00 $212.13 $38,049.85
92 $38,049.85 $320.90 $0.00 $215.14 $38,585.89
93 $38,585.89 $320.90 $0.00 $218.17 $39,124.96
94 $39,124.96 $320.90 $0.00 $221.22 $39,667.08
95 $39,667.08 $320.90 $0.00 $224.28 $40,212.26
96 $40,212.26 $320.90 $0.00 $227.37 $40,760.53
97 $40,760.53 $320.90 $0.00 $230.47 $41,311.90
98 $41,311.90 $320.90 $0.00 $233.58 $41,866.38
99 $41,866.38 $320.90 $0.00 $236.72 $42,424.00
100 $42,424.00 $320.90 $0.00 $239.87 $42,984.77
101 $42,984.77 $320.90 $0.00 $243.04 $43,548.71
102 $43,548.71 $320.90 $0.00 $246.23 $44,115.84
103 $44,115.84 $320.90 $0.00 $249.44 $44,686.18
104 $44,686.18 $320.90 $0.00 $252.66 $45,259.74
105 $45,259.74 $320.90 $0.00 $255.91 $45,836.55
106 $45,836.55 $320.90 $0.00 $259.17 $46,416.62
107 $46,416.62 $320.90 $0.00 $262.45 $46,999.97
108 $46,999.97 $320.90 $0.00 $265.74 $47,586.61
109 $47,586.61 $320.90 $0.00 $269.06 $48,176.57
110 $48,176.57 $320.90 $0.00 $272.40 $48,769.87
111 $48,769.87 $320.90 $0.00 $275.75 $49,366.52
112 $49,366.52 $320.90 $0.00 $279.13 $49,966.55
113 $49,966.55 $320.90 $0.00 $282.52 $50,569.97
114 $50,569.97 $320.90 $0.00 $285.93 $51,176.80
115 $51,176.80 $320.90 $0.00 $289.36 $51,787.06
116 $51,787.06 $320.90 $0.00 $292.81 $52,400.77
117 $52,400.77 $320.90 $0.00 $296.28 $53,017.95
118 $53,017.95 $320.90 $0.00 $299.77 $53,638.62
119 $53,638.62 $320.90 $0.00 $303.28 $54,262.80
120 $54,262.80 $320.90 $0.00 $306.81 $54,890.51
121 $54,890.51 $320.90 $0.00 $310.36 $55,521.77
122 $55,521.77 $320.90 $0.00 $313.93 $56,156.60
123 $56,156.60 $320.90 $0.00 $317.52 $56,795.02
124 $56,795.02 $320.90 $0.00 $321.13 $57,437.05
125 $57,437.05 $320.90 $0.00 $324.76 $58,082.71
126 $58,082.71 $320.90 $0.00 $328.41 $58,732.02
127 $58,732.02 $320.90 $0.00 $332.08 $59,385.00
128 $59,385.00 $320.90 $0.00 $335.77 $60,041.67
129 $60,041.67 $320.90 $0.00 $339.48 $60,702.05
130 $60,702.05 $320.90 $0.00 $343.22 $61,366.17
131 $61,366.17 $320.90 $0.00 $346.97 $62,034.04
132 $62,034.04 $320.90 $0.00 $350.75 $62,705.69
133 $62,705.69 $320.90 $0.00 $354.55 $63,381.14
134 $63,381.14 $320.90 $0.00 $358.37 $64,060.41
135 $64,060.41 $320.90 $0.00 $362.21 $64,743.52
136 $64,743.52 $320.90 $0.00 $366.07 $65,430.49
137 $65,430.49 $320.90 $0.00 $369.95 $66,121.34
138 $66,121.34 $320.90 $0.00 $373.86 $66,816.10
139 $66,816.10 $320.90 $0.00 $377.79 $67,514.79
140 $67,514.79 $320.90 $0.00 $381.74 $68,217.43
141 $68,217.43 $320.90 $0.00 $385.71 $68,924.04
142 $68,924.04 $320.90 $0.00 $389.71 $69,634.65
143 $69,634.65 $320.90 $0.00 $393.72 $70,349.27
144 $70,349.27 $320.90 $0.00 $397.77 $71,067.94
145 $71,067.94 $320.90 $0.00 $401.83 $71,790.67
146 $71,790.67 $320.90 $0.00 $405.91 $72,517.48
147 $72,517.48 $320.90 $0.00 $410.02 $73,248.40
148 $73,248.40 $320.90 $0.00 $414.16 $73,983.46
149 $73,983.46 $320.90 $0.00 $418.31 $74,722.67
150 $74,722.67 $320.90 $0.00 $422.49 $75,466.06
151 $75,466.06 $320.90 $0.00 $426.70 $76,213.66
152 $76,213.66 $320.90 $0.00 $430.92 $76,965.48
153 $76,965.48 $320.90 $0.00 $435.17 $77,721.55
154 $77,721.55 $320.90 $0.00 $439.45 $78,481.90
155 $78,481.90 $320.90 $0.00 $443.75 $79,246.55
156 $79,246.55 $320.90 $0.00 $448.07 $80,015.52
157 $80,015.52 $320.90 $0.00 $452.42 $80,788.84
158 $80,788.84 $320.90 $0.00 $456.79 $81,566.53
159 $81,566.53 $320.90 $0.00 $461.19 $82,348.62
160 $82,348.62 $320.90 $0.00 $465.61 $83,135.13
161 $83,135.13 $320.90 $0.00 $470.06 $83,926.09
162 $83,926.09 $320.90 $0.00 $474.53 $84,721.52
163 $84,721.52 $320.90 $0.00 $479.03 $85,521.45
164 $85,521.45 $320.90 $0.00 $483.55 $86,325.90
165 $86,325.90 $320.90 $0.00 $488.10 $87,134.90
166 $87,134.90 $320.90 $0.00 $492.67 $87,948.47
167 $87,948.47 $320.90 $0.00 $497.27 $88,766.64
168 $88,766.64 $320.90 $0.00 $501.90 $89,589.44
169 $89,589.44 $320.90 $0.00 $506.55 $90,416.89
170 $90,416.89 $320.90 $0.00 $511.23 $91,249.02
171 $91,249.02 $320.90 $0.00 $515.94 $92,085.86
172 $92,085.86 $320.90 $0.00 $520.67 $92,927.43
173 $92,927.43 $320.90 $0.00 $525.43 $93,773.76
174 $93,773.76 $320.90 $0.00 $530.21 $94,624.87
175 $94,624.87 $320.90 $0.00 $535.02 $95,480.79
176 $95,480.79 $320.90 $0.00 $539.86 $96,341.55
177 $96,341.55 $320.90 $0.00 $544.73 $97,207.18
178 $97,207.18 $320.90 $0.00 $549.62 $98,077.70
179 $98,077.70 $320.90 $0.00 $554.55 $98,953.15
180 $98,953.15 $320.90 $0.00 $559.50 $99,833.55
181 $99,833.55 $320.90 $0.00 $564.47 $100,718.92
182 $100,718.92 $320.90 $0.00 $569.48 $101,609.30
183 $101,609.30 $320.90 $0.00 $574.51 $102,504.71
184 $102,504.71 $320.90 $0.00 $579.58 $103,405.19
185 $103,405.19 $320.90 $0.00 $584.67 $104,310.76
186 $104,310.76 $320.90 $0.00 $589.79 $105,221.45
187 $105,221.45 $320.90 $0.00 $594.94 $106,137.29
188 $106,137.29 $320.90 $0.00 $600.12 $107,058.31
189 $107,058.31 $320.90 $0.00 $605.32 $107,984.53
190 $107,984.53 $320.90 $0.00 $610.56 $108,915.99
191 $108,915.99 $320.90 $0.00 $615.83 $109,852.72
192 $109,852.72 $320.90 $0.00 $621.12 $110,794.74
193 $110,794.74 $320.90 $0.00 $626.45 $111,742.09
194 $111,742.09 $320.90 $0.00 $631.81 $112,694.80
195 $112,694.80 $320.90 $0.00 $637.19 $113,652.89
196 $113,652.89 $320.90 $0.00 $642.61 $114,616.40
197 $114,616.40 $320.90 $0.00 $648.06 $115,585.36
198 $115,585.36 $320.90 $0.00 $653.54 $116,559.80
199 $116,559.80 $320.90 $0.00 $659.05 $117,539.75
200 $117,539.75 $320.90 $0.00 $664.59 $118,525.24
201 $118,525.24 $320.90 $0.00 $670.16 $119,516.30
202 $119,516.30 $320.90 $0.00 $675.76 $120,512.96
203 $120,512.96 $320.90 $0.00 $681.40 $121,515.26
204 $121,515.26 $320.90 $0.00 $687.06 $122,523.22
205 $122,523.22 $320.90 $0.00 $692.76 $123,536.88
206 $123,536.88 $320.90 $0.00 $698.50 $124,556.28
207 $124,556.28 $320.90 $0.00 $704.26 $125,581.44
208 $125,581.44 $320.90 $0.00 $710.06 $126,612.40
209 $126,612.40 $320.90 $0.00 $715.88 $127,649.18
210 $127,649.18 $320.90 $0.00 $721.75 $128,691.83
211 $128,691.83 $320.90 $0.00 $727.64 $129,740.37
212 $129,740.37 $320.90 $0.00 $733.57 $130,794.84
213 $130,794.84 $320.90 $0.00 $739.53 $131,855.27
214 $131,855.27 $320.90 $0.00 $745.53 $132,921.70
215 $132,921.70 $320.90 $0.00 $751.56 $133,994.16
216 $133,994.16 $320.90 $0.00 $757.62 $135,072.68
217 $135,072.68 $320.90 $69,785.46 $763.72 $66,371.84
218 $66,371.84 $320.90 $0.00 $375.28 $67,068.02
219 $67,068.02 $320.90 $0.00 $379.21 $67,768.13
220 $67,768.13 $320.90 $0.00 $383.17 $68,472.20
221 $68,472.20 $320.90 $0.00 $387.15 $69,180.25
222 $69,180.25 $320.90 $0.00 $391.16 $69,892.31
223 $69,892.31 $320.90 $0.00 $395.18 $70,608.39
224 $70,608.39 $320.90 $0.00 $399.23 $71,328.52
225 $71,328.52 $320.90 $0.00 $403.30 $72,052.72
226 $72,052.72 $320.90 $0.00 $407.40 $72,781.02
227 $72,781.02 $320.90 $0.00 $411.51 $73,513.43
228 $73,513.43 $320.90 $0.00 $415.66 $74,249.99
229 $74,249.99 $0.00 $74,670.44 $419.82 -$0.63