Savings Plan and Future Cost Estimation for Northwest Nazarene University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$124,049
Monthly savings required$982

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 $496,194.68 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $981.94 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$47,836.00
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 $981.94 $0.00 $0.00 $981.94
2 $981.94 $981.94 $0.00 $5.55 $1,969.43
3 $1,969.43 $981.94 $0.00 $11.14 $2,962.51
4 $2,962.51 $981.94 $0.00 $16.75 $3,961.20
5 $3,961.20 $981.94 $0.00 $22.40 $4,965.54
6 $4,965.54 $981.94 $0.00 $28.08 $5,975.56
7 $5,975.56 $981.94 $0.00 $33.79 $6,991.29
8 $6,991.29 $981.94 $0.00 $39.53 $8,012.76
9 $8,012.76 $981.94 $0.00 $45.31 $9,040.01
10 $9,040.01 $981.94 $0.00 $51.11 $10,073.06
11 $10,073.06 $981.94 $0.00 $56.95 $11,111.95
12 $11,111.95 $981.94 $0.00 $62.83 $12,156.72
13 $12,156.72 $981.94 $0.00 $68.74 $13,207.40
14 $13,207.40 $981.94 $0.00 $74.68 $14,264.02
15 $14,264.02 $981.94 $0.00 $80.65 $15,326.61
16 $15,326.61 $981.94 $0.00 $86.66 $16,395.21
17 $16,395.21 $981.94 $0.00 $92.70 $17,469.85
18 $17,469.85 $981.94 $0.00 $98.78 $18,550.57
19 $18,550.57 $981.94 $0.00 $104.89 $19,637.40
20 $19,637.40 $981.94 $0.00 $111.03 $20,730.37
21 $20,730.37 $981.94 $0.00 $117.21 $21,829.52
22 $21,829.52 $981.94 $0.00 $123.43 $22,934.89
23 $22,934.89 $981.94 $0.00 $129.68 $24,046.51
24 $24,046.51 $981.94 $0.00 $135.96 $25,164.41
25 $25,164.41 $981.94 $0.00 $142.28 $26,288.63
26 $26,288.63 $981.94 $0.00 $148.64 $27,419.21
27 $27,419.21 $981.94 $0.00 $155.03 $28,556.18
28 $28,556.18 $981.94 $0.00 $161.46 $29,699.58
29 $29,699.58 $981.94 $0.00 $167.93 $30,849.45
30 $30,849.45 $981.94 $0.00 $174.43 $32,005.82
31 $32,005.82 $981.94 $0.00 $180.97 $33,168.73
32 $33,168.73 $981.94 $0.00 $187.54 $34,338.21
33 $34,338.21 $981.94 $0.00 $194.15 $35,514.30
34 $35,514.30 $981.94 $0.00 $200.80 $36,697.04
35 $36,697.04 $981.94 $0.00 $207.49 $37,886.47
36 $37,886.47 $981.94 $0.00 $214.22 $39,082.63
37 $39,082.63 $981.94 $0.00 $220.98 $40,285.55
38 $40,285.55 $981.94 $0.00 $227.78 $41,495.27
39 $41,495.27 $981.94 $0.00 $234.62 $42,711.83
40 $42,711.83 $981.94 $0.00 $241.50 $43,935.27
41 $43,935.27 $981.94 $0.00 $248.42 $45,165.63
42 $45,165.63 $981.94 $0.00 $255.37 $46,402.94
43 $46,402.94 $981.94 $0.00 $262.37 $47,647.25
44 $47,647.25 $981.94 $0.00 $269.40 $48,898.59
45 $48,898.59 $981.94 $0.00 $276.48 $50,157.01
46 $50,157.01 $981.94 $0.00 $283.60 $51,422.55
47 $51,422.55 $981.94 $0.00 $290.75 $52,695.24
48 $52,695.24 $981.94 $0.00 $297.95 $53,975.13
49 $53,975.13 $981.94 $0.00 $305.18 $55,262.25
50 $55,262.25 $981.94 $0.00 $312.46 $56,556.65
51 $56,556.65 $981.94 $0.00 $319.78 $57,858.37
52 $57,858.37 $981.94 $0.00 $327.14 $59,167.45
53 $59,167.45 $981.94 $0.00 $334.54 $60,483.93
54 $60,483.93 $981.94 $0.00 $341.98 $61,807.85
55 $61,807.85 $981.94 $0.00 $349.47 $63,139.26
56 $63,139.26 $981.94 $0.00 $357.00 $64,478.20
57 $64,478.20 $981.94 $0.00 $364.57 $65,824.71
58 $65,824.71 $981.94 $0.00 $372.18 $67,178.83
59 $67,178.83 $981.94 $0.00 $379.84 $68,540.61
60 $68,540.61 $981.94 $0.00 $387.54 $69,910.09
61 $69,910.09 $981.94 $0.00 $395.28 $71,287.31
62 $71,287.31 $981.94 $0.00 $403.07 $72,672.32
63 $72,672.32 $981.94 $0.00 $410.90 $74,065.16
64 $74,065.16 $981.94 $0.00 $418.78 $75,465.88
65 $75,465.88 $981.94 $0.00 $426.70 $76,874.52
66 $76,874.52 $981.94 $0.00 $434.66 $78,291.12
67 $78,291.12 $981.94 $0.00 $442.67 $79,715.73
68 $79,715.73 $981.94 $0.00 $450.72 $81,148.39
69 $81,148.39 $981.94 $0.00 $458.82 $82,589.15
70 $82,589.15 $981.94 $0.00 $466.97 $84,038.06
71 $84,038.06 $981.94 $0.00 $475.16 $85,495.16
72 $85,495.16 $981.94 $0.00 $483.40 $86,960.50
73 $86,960.50 $981.94 $0.00 $491.69 $88,434.13
74 $88,434.13 $981.94 $0.00 $500.02 $89,916.09
75 $89,916.09 $981.94 $0.00 $508.40 $91,406.43
76 $91,406.43 $981.94 $0.00 $516.83 $92,905.20
77 $92,905.20 $981.94 $0.00 $525.30 $94,412.44
78 $94,412.44 $981.94 $0.00 $533.82 $95,928.20
79 $95,928.20 $981.94 $0.00 $542.39 $97,452.53
80 $97,452.53 $981.94 $0.00 $551.01 $98,985.48
81 $98,985.48 $981.94 $0.00 $559.68 $100,527.10
82 $100,527.10 $981.94 $0.00 $568.39 $102,077.43
83 $102,077.43 $981.94 $0.00 $577.16 $103,636.53
84 $103,636.53 $981.94 $0.00 $585.98 $105,204.45
85 $105,204.45 $981.94 $0.00 $594.84 $106,781.23
86 $106,781.23 $981.94 $0.00 $603.76 $108,366.93
87 $108,366.93 $981.94 $0.00 $612.72 $109,961.59
88 $109,961.59 $981.94 $0.00 $621.74 $111,565.27
89 $111,565.27 $981.94 $0.00 $630.81 $113,178.02
90 $113,178.02 $981.94 $0.00 $639.92 $114,799.88
91 $114,799.88 $981.94 $0.00 $649.10 $116,430.92
92 $116,430.92 $981.94 $0.00 $658.32 $118,071.18
93 $118,071.18 $981.94 $0.00 $667.59 $119,720.71
94 $119,720.71 $981.94 $0.00 $676.92 $121,379.57
95 $121,379.57 $981.94 $0.00 $686.30 $123,047.81
96 $123,047.81 $981.94 $0.00 $695.73 $124,725.48
97 $124,725.48 $981.94 $0.00 $705.22 $126,412.64
98 $126,412.64 $981.94 $0.00 $714.76 $128,109.34
99 $128,109.34 $981.94 $0.00 $724.35 $129,815.63
100 $129,815.63 $981.94 $0.00 $734.00 $131,531.57
101 $131,531.57 $981.94 $0.00 $743.70 $133,257.21
102 $133,257.21 $981.94 $0.00 $753.46 $134,992.61
103 $134,992.61 $981.94 $0.00 $763.27 $136,737.82
104 $136,737.82 $981.94 $0.00 $773.14 $138,492.90
105 $138,492.90 $981.94 $0.00 $783.06 $140,257.90
106 $140,257.90 $981.94 $0.00 $793.04 $142,032.88
107 $142,032.88 $981.94 $0.00 $803.07 $143,817.89
108 $143,817.89 $981.94 $0.00 $813.17 $145,613.00
109 $145,613.00 $981.94 $0.00 $823.32 $147,418.26
110 $147,418.26 $981.94 $0.00 $833.52 $149,233.72
111 $149,233.72 $981.94 $0.00 $843.79 $151,059.45
112 $151,059.45 $981.94 $0.00 $854.11 $152,895.50
113 $152,895.50 $981.94 $0.00 $864.49 $154,741.93
114 $154,741.93 $981.94 $0.00 $874.93 $156,598.80
115 $156,598.80 $981.94 $0.00 $885.43 $158,466.17
116 $158,466.17 $981.94 $0.00 $895.99 $160,344.10
117 $160,344.10 $981.94 $0.00 $906.61 $162,232.65
118 $162,232.65 $981.94 $0.00 $917.29 $164,131.88
119 $164,131.88 $981.94 $0.00 $928.03 $166,041.85
120 $166,041.85 $981.94 $0.00 $938.82 $167,962.61
121 $167,962.61 $981.94 $0.00 $949.69 $169,894.24
122 $169,894.24 $981.94 $0.00 $960.61 $171,836.79
123 $171,836.79 $981.94 $0.00 $971.59 $173,790.32
124 $173,790.32 $981.94 $0.00 $982.64 $175,754.90
125 $175,754.90 $981.94 $0.00 $993.74 $177,730.58
126 $177,730.58 $981.94 $0.00 $1,004.91 $179,717.43
127 $179,717.43 $981.94 $0.00 $1,016.15 $181,715.52
128 $181,715.52 $981.94 $0.00 $1,027.45 $183,724.91
129 $183,724.91 $981.94 $0.00 $1,038.81 $185,745.66
130 $185,745.66 $981.94 $0.00 $1,050.23 $187,777.83
131 $187,777.83 $981.94 $0.00 $1,061.72 $189,821.49
132 $189,821.49 $981.94 $0.00 $1,073.28 $191,876.71
133 $191,876.71 $981.94 $0.00 $1,084.90 $193,943.55
134 $193,943.55 $981.94 $0.00 $1,096.59 $196,022.08
135 $196,022.08 $981.94 $0.00 $1,108.34 $198,112.36
136 $198,112.36 $981.94 $0.00 $1,120.16 $200,214.46
137 $200,214.46 $981.94 $0.00 $1,132.04 $202,328.44
138 $202,328.44 $981.94 $0.00 $1,143.99 $204,454.37
139 $204,454.37 $981.94 $0.00 $1,156.01 $206,592.32
140 $206,592.32 $981.94 $0.00 $1,168.10 $208,742.36
141 $208,742.36 $981.94 $0.00 $1,180.26 $210,904.56
142 $210,904.56 $981.94 $0.00 $1,192.49 $213,078.99
143 $213,078.99 $981.94 $0.00 $1,204.78 $215,265.71
144 $215,265.71 $981.94 $0.00 $1,217.14 $217,464.79
145 $217,464.79 $981.94 $0.00 $1,229.58 $219,676.31
146 $219,676.31 $981.94 $0.00 $1,242.08 $221,900.33
147 $221,900.33 $981.94 $0.00 $1,254.66 $224,136.93
148 $224,136.93 $981.94 $0.00 $1,267.30 $226,386.17
149 $226,386.17 $981.94 $0.00 $1,280.02 $228,648.13
150 $228,648.13 $981.94 $0.00 $1,292.81 $230,922.88
151 $230,922.88 $981.94 $0.00 $1,305.67 $233,210.49
152 $233,210.49 $981.94 $0.00 $1,318.61 $235,511.04
153 $235,511.04 $981.94 $0.00 $1,331.61 $237,824.59
154 $237,824.59 $981.94 $0.00 $1,344.69 $240,151.22
155 $240,151.22 $981.94 $0.00 $1,357.85 $242,491.01
156 $242,491.01 $981.94 $0.00 $1,371.08 $244,844.03
157 $244,844.03 $981.94 $0.00 $1,384.38 $247,210.35
158 $247,210.35 $981.94 $0.00 $1,397.76 $249,590.05
159 $249,590.05 $981.94 $0.00 $1,411.22 $251,983.21
160 $251,983.21 $981.94 $0.00 $1,424.75 $254,389.90
161 $254,389.90 $981.94 $0.00 $1,438.36 $256,810.20
162 $256,810.20 $981.94 $0.00 $1,452.04 $259,244.18
163 $259,244.18 $981.94 $0.00 $1,465.80 $261,691.92
164 $261,691.92 $981.94 $0.00 $1,479.64 $264,153.50
165 $264,153.50 $981.94 $0.00 $1,493.56 $266,629.00
166 $266,629.00 $981.94 $0.00 $1,507.56 $269,118.50
167 $269,118.50 $981.94 $0.00 $1,521.64 $271,622.08
168 $271,622.08 $981.94 $0.00 $1,535.79 $274,139.81
169 $274,139.81 $981.94 $0.00 $1,550.03 $276,671.78
170 $276,671.78 $981.94 $0.00 $1,564.34 $279,218.06
171 $279,218.06 $981.94 $0.00 $1,578.74 $281,778.74
172 $281,778.74 $981.94 $0.00 $1,593.22 $284,353.90
173 $284,353.90 $981.94 $0.00 $1,607.78 $286,943.62
174 $286,943.62 $981.94 $0.00 $1,622.42 $289,547.98
175 $289,547.98 $981.94 $0.00 $1,637.15 $292,167.07
176 $292,167.07 $981.94 $0.00 $1,651.96 $294,800.97
177 $294,800.97 $981.94 $0.00 $1,666.85 $297,449.76
178 $297,449.76 $981.94 $0.00 $1,681.82 $300,113.52
179 $300,113.52 $981.94 $0.00 $1,696.89 $302,792.35
180 $302,792.35 $981.94 $0.00 $1,712.03 $305,486.32
181 $305,486.32 $981.94 $0.00 $1,727.26 $308,195.52
182 $308,195.52 $981.94 $0.00 $1,742.58 $310,920.04
183 $310,920.04 $981.94 $0.00 $1,757.99 $313,659.97
184 $313,659.97 $981.94 $0.00 $1,773.48 $316,415.39
185 $316,415.39 $981.94 $0.00 $1,789.06 $319,186.39
186 $319,186.39 $981.94 $0.00 $1,804.73 $321,973.06
187 $321,973.06 $981.94 $0.00 $1,820.48 $324,775.48
188 $324,775.48 $981.94 $0.00 $1,836.33 $327,593.75
189 $327,593.75 $981.94 $0.00 $1,852.26 $330,427.95
190 $330,427.95 $981.94 $0.00 $1,868.29 $333,278.18
191 $333,278.18 $981.94 $0.00 $1,884.40 $336,144.52
192 $336,144.52 $981.94 $0.00 $1,900.61 $339,027.07
193 $339,027.07 $981.94 $0.00 $1,916.91 $341,925.92
194 $341,925.92 $981.94 $0.00 $1,933.30 $344,841.16
195 $344,841.16 $981.94 $0.00 $1,949.78 $347,772.88
196 $347,772.88 $981.94 $0.00 $1,966.36 $350,721.18
197 $350,721.18 $981.94 $0.00 $1,983.03 $353,686.15
198 $353,686.15 $981.94 $0.00 $1,999.79 $356,667.88
199 $356,667.88 $981.94 $0.00 $2,016.65 $359,666.47
200 $359,666.47 $981.94 $0.00 $2,033.61 $362,682.02
201 $362,682.02 $981.94 $0.00 $2,050.66 $365,714.62
202 $365,714.62 $981.94 $0.00 $2,067.80 $368,764.36
203 $368,764.36 $981.94 $0.00 $2,085.05 $371,831.35
204 $371,831.35 $981.94 $0.00 $2,102.39 $374,915.68
205 $374,915.68 $981.94 $0.00 $2,119.83 $378,017.45
206 $378,017.45 $981.94 $0.00 $2,137.37 $381,136.76
207 $381,136.76 $981.94 $0.00 $2,155.00 $384,273.70
208 $384,273.70 $981.94 $0.00 $2,172.74 $387,428.38
209 $387,428.38 $981.94 $0.00 $2,190.58 $390,600.90
210 $390,600.90 $981.94 $0.00 $2,208.51 $393,791.35
211 $393,791.35 $981.94 $0.00 $2,226.55 $396,999.84
212 $396,999.84 $981.94 $0.00 $2,244.69 $400,226.47
213 $400,226.47 $981.94 $0.00 $2,262.94 $403,471.35
214 $403,471.35 $981.94 $0.00 $2,281.29 $406,734.58
215 $406,734.58 $981.94 $0.00 $2,299.74 $410,016.26
216 $410,016.26 $981.94 $0.00 $2,318.29 $413,316.49
217 $413,316.49 $981.94 $115,123.04 $2,336.95 $301,512.34
218 $301,512.34 $981.94 $0.00 $1,704.79 $304,199.07
219 $304,199.07 $981.94 $0.00 $1,719.99 $306,901.00
220 $306,901.00 $981.94 $0.00 $1,735.26 $309,618.20
221 $309,618.20 $981.94 $0.00 $1,750.63 $312,350.77
222 $312,350.77 $981.94 $0.00 $1,766.08 $315,098.79
223 $315,098.79 $981.94 $0.00 $1,781.61 $317,862.34
224 $317,862.34 $981.94 $0.00 $1,797.24 $320,641.52
225 $320,641.52 $981.94 $0.00 $1,812.95 $323,436.41
226 $323,436.41 $981.94 $0.00 $1,828.76 $326,247.11
227 $326,247.11 $981.94 $0.00 $1,844.65 $329,073.70
228 $329,073.70 $981.94 $0.00 $1,860.63 $331,916.27
229 $331,916.27 $981.94 $120,879.19 $1,876.70 $213,895.72
230 $213,895.72 $981.94 $0.00 $1,209.40 $216,087.06
231 $216,087.06 $981.94 $0.00 $1,221.79 $218,290.79
232 $218,290.79 $981.94 $0.00 $1,234.25 $220,506.98
233 $220,506.98 $981.94 $0.00 $1,246.78 $222,735.70
234 $222,735.70 $981.94 $0.00 $1,259.38 $224,977.02
235 $224,977.02 $981.94 $0.00 $1,272.05 $227,231.01
236 $227,231.01 $981.94 $0.00 $1,284.80 $229,497.75
237 $229,497.75 $981.94 $0.00 $1,297.61 $231,777.30
238 $231,777.30 $981.94 $0.00 $1,310.50 $234,069.74
239 $234,069.74 $981.94 $0.00 $1,323.46 $236,375.14
240 $236,375.14 $981.94 $0.00 $1,336.50 $238,693.58
241 $238,693.58 $981.94 $126,923.15 $1,349.61 $114,101.98
242 $114,101.98 $981.94 $0.00 $645.15 $115,729.07
243 $115,729.07 $981.94 $0.00 $654.35 $117,365.36
244 $117,365.36 $981.94 $0.00 $663.60 $119,010.90
245 $119,010.90 $981.94 $0.00 $672.90 $120,665.74
246 $120,665.74 $981.94 $0.00 $682.26 $122,329.94
247 $122,329.94 $981.94 $0.00 $691.67 $124,003.55
248 $124,003.55 $981.94 $0.00 $701.13 $125,686.62
249 $125,686.62 $981.94 $0.00 $710.65 $127,379.21
250 $127,379.21 $981.94 $0.00 $720.22 $129,081.37
251 $129,081.37 $981.94 $0.00 $729.84 $130,793.15
252 $130,793.15 $981.94 $0.00 $739.52 $132,514.61
253 $132,514.61 $0.00 $133,269.31 $749.26 ($5.44)