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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$106,036
Monthly savings required$839

How much will it cost to send your child to Northwest Nazarene University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $424,145.01 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $839.37 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$40,890.00
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 $839.37 $0.00 $0.00 $839.37
2 $839.37 $839.37 $0.00 $4.75 $1,683.49
3 $1,683.49 $839.37 $0.00 $9.52 $2,532.38
4 $2,532.38 $839.37 $0.00 $14.32 $3,386.07
5 $3,386.07 $839.37 $0.00 $19.15 $4,244.59
6 $4,244.59 $839.37 $0.00 $24.00 $5,107.96
7 $5,107.96 $839.37 $0.00 $28.88 $5,976.21
8 $5,976.21 $839.37 $0.00 $33.79 $6,849.37
9 $6,849.37 $839.37 $0.00 $38.73 $7,727.47
10 $7,727.47 $839.37 $0.00 $43.69 $8,610.53
11 $8,610.53 $839.37 $0.00 $48.69 $9,498.59
12 $9,498.59 $839.37 $0.00 $53.71 $10,391.67
13 $10,391.67 $839.37 $0.00 $58.76 $11,289.80
14 $11,289.80 $839.37 $0.00 $63.83 $12,193.00
15 $12,193.00 $839.37 $0.00 $68.94 $13,101.31
16 $13,101.31 $839.37 $0.00 $74.08 $14,014.76
17 $14,014.76 $839.37 $0.00 $79.24 $14,933.37
18 $14,933.37 $839.37 $0.00 $84.44 $15,857.18
19 $15,857.18 $839.37 $0.00 $89.66 $16,786.21
20 $16,786.21 $839.37 $0.00 $94.91 $17,720.49
21 $17,720.49 $839.37 $0.00 $100.19 $18,660.05
22 $18,660.05 $839.37 $0.00 $105.51 $19,604.93
23 $19,604.93 $839.37 $0.00 $110.85 $20,555.15
24 $20,555.15 $839.37 $0.00 $116.22 $21,510.74
25 $21,510.74 $839.37 $0.00 $121.62 $22,471.73
26 $22,471.73 $839.37 $0.00 $127.06 $23,438.16
27 $23,438.16 $839.37 $0.00 $132.52 $24,410.05
28 $24,410.05 $839.37 $0.00 $138.02 $25,387.44
29 $25,387.44 $839.37 $0.00 $143.54 $26,370.35
30 $26,370.35 $839.37 $0.00 $149.10 $27,358.82
31 $27,358.82 $839.37 $0.00 $154.69 $28,352.88
32 $28,352.88 $839.37 $0.00 $160.31 $29,352.56
33 $29,352.56 $839.37 $0.00 $165.96 $30,357.89
34 $30,357.89 $839.37 $0.00 $171.65 $31,368.91
35 $31,368.91 $839.37 $0.00 $177.36 $32,385.64
36 $32,385.64 $839.37 $0.00 $183.11 $33,408.12
37 $33,408.12 $839.37 $0.00 $188.89 $34,436.38
38 $34,436.38 $839.37 $0.00 $194.71 $35,470.46
39 $35,470.46 $839.37 $0.00 $200.56 $36,510.39
40 $36,510.39 $839.37 $0.00 $206.44 $37,556.20
41 $37,556.20 $839.37 $0.00 $212.35 $38,607.92
42 $38,607.92 $839.37 $0.00 $218.29 $39,665.58
43 $39,665.58 $839.37 $0.00 $224.27 $40,729.22
44 $40,729.22 $839.37 $0.00 $230.29 $41,798.88
45 $41,798.88 $839.37 $0.00 $236.34 $42,874.59
46 $42,874.59 $839.37 $0.00 $242.42 $43,956.38
47 $43,956.38 $839.37 $0.00 $248.54 $45,044.29
48 $45,044.29 $839.37 $0.00 $254.69 $46,138.35
49 $46,138.35 $839.37 $0.00 $260.87 $47,238.59
50 $47,238.59 $839.37 $0.00 $267.09 $48,345.05
51 $48,345.05 $839.37 $0.00 $273.35 $49,457.77
52 $49,457.77 $839.37 $0.00 $279.64 $50,576.78
53 $50,576.78 $839.37 $0.00 $285.97 $51,702.12
54 $51,702.12 $839.37 $0.00 $292.33 $52,833.82
55 $52,833.82 $839.37 $0.00 $298.73 $53,971.92
56 $53,971.92 $839.37 $0.00 $305.17 $55,116.46
57 $55,116.46 $839.37 $0.00 $311.64 $56,267.47
58 $56,267.47 $839.37 $0.00 $318.14 $57,424.98
59 $57,424.98 $839.37 $0.00 $324.69 $58,589.04
60 $58,589.04 $839.37 $0.00 $331.27 $59,759.68
61 $59,759.68 $839.37 $0.00 $337.89 $60,936.94
62 $60,936.94 $839.37 $0.00 $344.55 $62,120.86
63 $62,120.86 $839.37 $0.00 $351.24 $63,311.47
64 $63,311.47 $839.37 $0.00 $357.97 $64,508.81
65 $64,508.81 $839.37 $0.00 $364.74 $65,712.92
66 $65,712.92 $839.37 $0.00 $371.55 $66,923.84
67 $66,923.84 $839.37 $0.00 $378.40 $68,141.61
68 $68,141.61 $839.37 $0.00 $385.28 $69,366.26
69 $69,366.26 $839.37 $0.00 $392.21 $70,597.84
70 $70,597.84 $839.37 $0.00 $399.17 $71,836.38
71 $71,836.38 $839.37 $0.00 $406.17 $73,081.92
72 $73,081.92 $839.37 $0.00 $413.22 $74,334.51
73 $74,334.51 $839.37 $0.00 $420.30 $75,594.18
74 $75,594.18 $839.37 $0.00 $427.42 $76,860.97
75 $76,860.97 $839.37 $0.00 $434.58 $78,134.92
76 $78,134.92 $839.37 $0.00 $441.79 $79,416.08
77 $79,416.08 $839.37 $0.00 $449.03 $80,704.48
78 $80,704.48 $839.37 $0.00 $456.31 $82,000.16
79 $82,000.16 $839.37 $0.00 $463.64 $83,303.17
80 $83,303.17 $839.37 $0.00 $471.01 $84,613.55
81 $84,613.55 $839.37 $0.00 $478.42 $85,931.34
82 $85,931.34 $839.37 $0.00 $485.87 $87,256.58
83 $87,256.58 $839.37 $0.00 $493.36 $88,589.31
84 $88,589.31 $839.37 $0.00 $500.90 $89,929.58
85 $89,929.58 $839.37 $0.00 $508.47 $91,277.42
86 $91,277.42 $839.37 $0.00 $516.10 $92,632.89
87 $92,632.89 $839.37 $0.00 $523.76 $93,996.02
88 $93,996.02 $839.37 $0.00 $531.47 $95,366.86
89 $95,366.86 $839.37 $0.00 $539.22 $96,745.45
90 $96,745.45 $839.37 $0.00 $547.01 $98,131.83
91 $98,131.83 $839.37 $0.00 $554.85 $99,526.05
92 $99,526.05 $839.37 $0.00 $562.73 $100,928.15
93 $100,928.15 $839.37 $0.00 $570.66 $102,338.18
94 $102,338.18 $839.37 $0.00 $578.63 $103,756.18
95 $103,756.18 $839.37 $0.00 $586.65 $105,182.20
96 $105,182.20 $839.37 $0.00 $594.72 $106,616.29
97 $106,616.29 $839.37 $0.00 $602.82 $108,058.48
98 $108,058.48 $839.37 $0.00 $610.98 $109,508.83
99 $109,508.83 $839.37 $0.00 $619.18 $110,967.38
100 $110,967.38 $839.37 $0.00 $627.43 $112,434.18
101 $112,434.18 $839.37 $0.00 $635.72 $113,909.27
102 $113,909.27 $839.37 $0.00 $644.06 $115,392.70
103 $115,392.70 $839.37 $0.00 $652.45 $116,884.52
104 $116,884.52 $839.37 $0.00 $660.88 $118,384.77
105 $118,384.77 $839.37 $0.00 $669.36 $119,893.50
106 $119,893.50 $839.37 $0.00 $677.90 $121,410.77
107 $121,410.77 $839.37 $0.00 $686.47 $122,936.61
108 $122,936.61 $839.37 $0.00 $695.10 $124,471.08
109 $124,471.08 $839.37 $0.00 $703.78 $126,014.23
110 $126,014.23 $839.37 $0.00 $712.50 $127,566.10
111 $127,566.10 $839.37 $0.00 $721.28 $129,126.75
112 $129,126.75 $839.37 $0.00 $730.10 $130,696.22
113 $130,696.22 $839.37 $0.00 $738.98 $132,274.57
114 $132,274.57 $839.37 $0.00 $747.90 $133,861.84
115 $133,861.84 $839.37 $0.00 $756.87 $135,458.08
116 $135,458.08 $839.37 $0.00 $765.90 $137,063.35
117 $137,063.35 $839.37 $0.00 $774.98 $138,677.70
118 $138,677.70 $839.37 $0.00 $784.10 $140,301.17
119 $140,301.17 $839.37 $0.00 $793.28 $141,933.82
120 $141,933.82 $839.37 $0.00 $802.51 $143,575.70
121 $143,575.70 $839.37 $0.00 $811.80 $145,226.87
122 $145,226.87 $839.37 $0.00 $821.13 $146,887.37
123 $146,887.37 $839.37 $0.00 $830.52 $148,557.26
124 $148,557.26 $839.37 $0.00 $839.96 $150,236.59
125 $150,236.59 $839.37 $0.00 $849.46 $151,925.42
126 $151,925.42 $839.37 $0.00 $859.01 $153,623.80
127 $153,623.80 $839.37 $0.00 $868.61 $155,331.78
128 $155,331.78 $839.37 $0.00 $878.27 $157,049.42
129 $157,049.42 $839.37 $0.00 $887.98 $158,776.77
130 $158,776.77 $839.37 $0.00 $897.75 $160,513.89
131 $160,513.89 $839.37 $0.00 $907.57 $162,260.83
132 $162,260.83 $839.37 $0.00 $917.45 $164,017.65
133 $164,017.65 $839.37 $0.00 $927.38 $165,784.40
134 $165,784.40 $839.37 $0.00 $937.37 $167,561.14
135 $167,561.14 $839.37 $0.00 $947.42 $169,347.93
136 $169,347.93 $839.37 $0.00 $957.52 $171,144.82
137 $171,144.82 $839.37 $0.00 $967.68 $172,951.87
138 $172,951.87 $839.37 $0.00 $977.90 $174,769.14
139 $174,769.14 $839.37 $0.00 $988.17 $176,596.68
140 $176,596.68 $839.37 $0.00 $998.50 $178,434.55
141 $178,434.55 $839.37 $0.00 $1,008.89 $180,282.81
142 $180,282.81 $839.37 $0.00 $1,019.35 $182,141.53
143 $182,141.53 $839.37 $0.00 $1,029.85 $184,010.75
144 $184,010.75 $839.37 $0.00 $1,040.42 $185,890.54
145 $185,890.54 $839.37 $0.00 $1,051.05 $187,780.96
146 $187,780.96 $839.37 $0.00 $1,061.74 $189,682.07
147 $189,682.07 $839.37 $0.00 $1,072.49 $191,593.93
148 $191,593.93 $839.37 $0.00 $1,083.30 $193,516.60
149 $193,516.60 $839.37 $0.00 $1,094.17 $195,450.14
150 $195,450.14 $839.37 $0.00 $1,105.10 $197,394.61
151 $197,394.61 $839.37 $0.00 $1,116.10 $199,350.08
152 $199,350.08 $839.37 $0.00 $1,127.15 $201,316.60
153 $201,316.60 $839.37 $0.00 $1,138.27 $203,294.24
154 $203,294.24 $839.37 $0.00 $1,149.46 $205,283.07
155 $205,283.07 $839.37 $0.00 $1,160.70 $207,283.14
156 $207,283.14 $839.37 $0.00 $1,172.01 $209,294.52
157 $209,294.52 $839.37 $0.00 $1,183.38 $211,317.27
158 $211,317.27 $839.37 $0.00 $1,194.82 $213,351.46
159 $213,351.46 $839.37 $0.00 $1,206.32 $215,397.15
160 $215,397.15 $839.37 $0.00 $1,217.89 $217,454.41
161 $217,454.41 $839.37 $0.00 $1,229.52 $219,523.30
162 $219,523.30 $839.37 $0.00 $1,241.22 $221,603.89
163 $221,603.89 $839.37 $0.00 $1,252.98 $223,696.24
164 $223,696.24 $839.37 $0.00 $1,264.81 $225,800.42
165 $225,800.42 $839.37 $0.00 $1,276.71 $227,916.50
166 $227,916.50 $839.37 $0.00 $1,288.67 $230,044.54
167 $230,044.54 $839.37 $0.00 $1,300.71 $232,184.62
168 $232,184.62 $839.37 $0.00 $1,312.81 $234,336.80
169 $234,336.80 $839.37 $0.00 $1,324.97 $236,501.14
170 $236,501.14 $839.37 $0.00 $1,337.21 $238,677.72
171 $238,677.72 $839.37 $0.00 $1,349.52 $240,866.61
172 $240,866.61 $839.37 $0.00 $1,361.89 $243,067.87
173 $243,067.87 $839.37 $0.00 $1,374.34 $245,281.58
174 $245,281.58 $839.37 $0.00 $1,386.86 $247,507.81
175 $247,507.81 $839.37 $0.00 $1,399.45 $249,746.63
176 $249,746.63 $839.37 $0.00 $1,412.10 $251,998.10
177 $251,998.10 $839.37 $0.00 $1,424.83 $254,262.30
178 $254,262.30 $839.37 $0.00 $1,437.64 $256,539.31
179 $256,539.31 $839.37 $0.00 $1,450.51 $258,829.19
180 $258,829.19 $839.37 $0.00 $1,463.46 $261,132.02
181 $261,132.02 $839.37 $0.00 $1,476.48 $263,447.87
182 $263,447.87 $839.37 $0.00 $1,489.57 $265,776.81
183 $265,776.81 $839.37 $0.00 $1,502.74 $268,118.92
184 $268,118.92 $839.37 $0.00 $1,515.98 $270,474.27
185 $270,474.27 $839.37 $0.00 $1,529.30 $272,842.94
186 $272,842.94 $839.37 $0.00 $1,542.69 $275,225.00
187 $275,225.00 $839.37 $0.00 $1,556.16 $277,620.53
188 $277,620.53 $839.37 $0.00 $1,569.71 $280,029.61
189 $280,029.61 $839.37 $0.00 $1,583.33 $282,452.31
190 $282,452.31 $839.37 $0.00 $1,597.03 $284,888.71
191 $284,888.71 $839.37 $0.00 $1,610.80 $287,338.88
192 $287,338.88 $839.37 $0.00 $1,624.66 $289,802.91
193 $289,802.91 $839.37 $0.00 $1,638.59 $292,280.87
194 $292,280.87 $839.37 $0.00 $1,652.60 $294,772.84
195 $294,772.84 $839.37 $0.00 $1,666.69 $297,278.90
196 $297,278.90 $839.37 $0.00 $1,680.86 $299,799.13
197 $299,799.13 $839.37 $0.00 $1,695.11 $302,333.61
198 $302,333.61 $839.37 $0.00 $1,709.44 $304,882.42
199 $304,882.42 $839.37 $0.00 $1,723.85 $307,445.64
200 $307,445.64 $839.37 $0.00 $1,738.34 $310,023.35
201 $310,023.35 $839.37 $0.00 $1,752.92 $312,615.64
202 $312,615.64 $839.37 $0.00 $1,767.57 $315,222.58
203 $315,222.58 $839.37 $0.00 $1,782.31 $317,844.26
204 $317,844.26 $839.37 $0.00 $1,797.14 $320,480.77
205 $320,480.77 $839.37 $0.00 $1,812.04 $323,132.18
206 $323,132.18 $839.37 $0.00 $1,827.04 $325,798.59
207 $325,798.59 $839.37 $0.00 $1,842.11 $328,480.07
208 $328,480.07 $839.37 $0.00 $1,857.27 $331,176.71
209 $331,176.71 $839.37 $0.00 $1,872.52 $333,888.60
210 $333,888.60 $839.37 $0.00 $1,887.85 $336,615.82
211 $336,615.82 $839.37 $0.00 $1,903.27 $339,358.46
212 $339,358.46 $839.37 $0.00 $1,918.78 $342,116.61
213 $342,116.61 $839.37 $0.00 $1,934.38 $344,890.36
214 $344,890.36 $839.37 $0.00 $1,950.06 $347,679.79
215 $347,679.79 $839.37 $0.00 $1,965.83 $350,484.99
216 $350,484.99 $839.37 $0.00 $1,981.69 $353,306.05
217 $353,306.05 $839.37 $98,406.66 $1,997.64 $257,736.40
218 $257,736.40 $839.37 $0.00 $1,457.28 $260,033.05
219 $260,033.05 $839.37 $0.00 $1,470.26 $262,342.68
220 $262,342.68 $839.37 $0.00 $1,483.32 $264,665.37
221 $264,665.37 $839.37 $0.00 $1,496.46 $267,001.20
222 $267,001.20 $839.37 $0.00 $1,509.66 $269,350.23
223 $269,350.23 $839.37 $0.00 $1,522.95 $271,712.55
224 $271,712.55 $839.37 $0.00 $1,536.30 $274,088.22
225 $274,088.22 $839.37 $0.00 $1,549.73 $276,477.32
226 $276,477.32 $839.37 $0.00 $1,563.24 $278,879.93
227 $278,879.93 $839.37 $0.00 $1,576.83 $281,296.13
228 $281,296.13 $839.37 $0.00 $1,590.49 $283,725.99
229 $283,725.99 $839.37 $103,326.99 $1,604.23 $182,842.60
230 $182,842.60 $839.37 $0.00 $1,033.82 $184,715.79
231 $184,715.79 $839.37 $0.00 $1,044.41 $186,599.57
232 $186,599.57 $839.37 $0.00 $1,055.06 $188,494.00
233 $188,494.00 $839.37 $0.00 $1,065.77 $190,399.14
234 $190,399.14 $839.37 $0.00 $1,076.54 $192,315.05
235 $192,315.05 $839.37 $0.00 $1,087.38 $194,241.80
236 $194,241.80 $839.37 $0.00 $1,098.27 $196,179.44
237 $196,179.44 $839.37 $0.00 $1,109.23 $198,128.04
238 $198,128.04 $839.37 $0.00 $1,120.24 $200,087.65
239 $200,087.65 $839.37 $0.00 $1,131.32 $202,058.34
240 $202,058.34 $839.37 $0.00 $1,142.47 $204,040.18
241 $204,040.18 $839.37 $108,493.34 $1,153.67 $97,539.88
242 $97,539.88 $839.37 $0.00 $551.50 $98,930.75
243 $98,930.75 $839.37 $0.00 $559.37 $100,329.49
244 $100,329.49 $839.37 $0.00 $567.28 $101,736.14
245 $101,736.14 $839.37 $0.00 $575.23 $103,150.74
246 $103,150.74 $839.37 $0.00 $583.23 $104,573.34
247 $104,573.34 $839.37 $0.00 $591.27 $106,003.98
248 $106,003.98 $839.37 $0.00 $599.36 $107,442.71
249 $107,442.71 $839.37 $0.00 $607.50 $108,889.58
250 $108,889.58 $839.37 $0.00 $615.68 $110,344.63
251 $110,344.63 $839.37 $0.00 $623.90 $111,807.90
252 $111,807.90 $839.37 $0.00 $632.18 $113,279.45
253 $113,279.45 $0.00 $113,918.01 $640.50 $1.94