Savings Plan and Future Cost Estimation for North Park University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$179,499
Monthly savings required$1,419

How much will it cost to send your child to North Park University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $717,995.88 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,418.63 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$47,845.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,418.63 $0.00 $0.00 $1,418.63
2 $1,418.63 $1,418.63 $0.00 $8.02 $2,845.28
3 $2,845.28 $1,418.63 $0.00 $16.09 $4,280.00
4 $4,280.00 $1,418.63 $0.00 $24.20 $5,722.83
5 $5,722.83 $1,418.63 $0.00 $32.36 $7,173.82
6 $7,173.82 $1,418.63 $0.00 $40.56 $8,633.01
7 $8,633.01 $1,418.63 $0.00 $48.81 $10,100.45
8 $10,100.45 $1,418.63 $0.00 $57.11 $11,576.19
9 $11,576.19 $1,418.63 $0.00 $65.45 $13,060.27
10 $13,060.27 $1,418.63 $0.00 $73.84 $14,552.74
11 $14,552.74 $1,418.63 $0.00 $82.28 $16,053.65
12 $16,053.65 $1,418.63 $0.00 $90.77 $17,563.05
13 $17,563.05 $1,418.63 $0.00 $99.30 $19,080.98
14 $19,080.98 $1,418.63 $0.00 $107.89 $20,607.50
15 $20,607.50 $1,418.63 $0.00 $116.52 $22,142.65
16 $22,142.65 $1,418.63 $0.00 $125.20 $23,686.48
17 $23,686.48 $1,418.63 $0.00 $133.93 $25,239.04
18 $25,239.04 $1,418.63 $0.00 $142.71 $26,800.38
19 $26,800.38 $1,418.63 $0.00 $151.53 $28,370.54
20 $28,370.54 $1,418.63 $0.00 $160.41 $29,949.58
21 $29,949.58 $1,418.63 $0.00 $169.34 $31,537.55
22 $31,537.55 $1,418.63 $0.00 $178.32 $33,134.50
23 $33,134.50 $1,418.63 $0.00 $187.35 $34,740.48
24 $34,740.48 $1,418.63 $0.00 $196.43 $36,355.54
25 $36,355.54 $1,418.63 $0.00 $205.56 $37,979.73
26 $37,979.73 $1,418.63 $0.00 $214.74 $39,613.10
27 $39,613.10 $1,418.63 $0.00 $223.98 $41,255.71
28 $41,255.71 $1,418.63 $0.00 $233.27 $42,907.61
29 $42,907.61 $1,418.63 $0.00 $242.61 $44,568.85
30 $44,568.85 $1,418.63 $0.00 $252.00 $46,239.48
31 $46,239.48 $1,418.63 $0.00 $261.44 $47,919.55
32 $47,919.55 $1,418.63 $0.00 $270.94 $49,609.12
33 $49,609.12 $1,418.63 $0.00 $280.50 $51,308.25
34 $51,308.25 $1,418.63 $0.00 $290.10 $53,016.98
35 $53,016.98 $1,418.63 $0.00 $299.77 $54,735.38
36 $54,735.38 $1,418.63 $0.00 $309.48 $56,463.49
37 $56,463.49 $1,418.63 $0.00 $319.25 $58,201.37
38 $58,201.37 $1,418.63 $0.00 $329.08 $59,949.08
39 $59,949.08 $1,418.63 $0.00 $338.96 $61,706.67
40 $61,706.67 $1,418.63 $0.00 $348.90 $63,474.20
41 $63,474.20 $1,418.63 $0.00 $358.89 $65,251.72
42 $65,251.72 $1,418.63 $0.00 $368.94 $67,039.29
43 $67,039.29 $1,418.63 $0.00 $379.05 $68,836.97
44 $68,836.97 $1,418.63 $0.00 $389.21 $70,644.81
45 $70,644.81 $1,418.63 $0.00 $399.44 $72,462.88
46 $72,462.88 $1,418.63 $0.00 $409.72 $74,291.23
47 $74,291.23 $1,418.63 $0.00 $420.05 $76,129.91
48 $76,129.91 $1,418.63 $0.00 $430.45 $77,978.99
49 $77,978.99 $1,418.63 $0.00 $440.90 $79,838.52
50 $79,838.52 $1,418.63 $0.00 $451.42 $81,708.57
51 $81,708.57 $1,418.63 $0.00 $461.99 $83,589.19
52 $83,589.19 $1,418.63 $0.00 $472.63 $85,480.45
53 $85,480.45 $1,418.63 $0.00 $483.32 $87,382.40
54 $87,382.40 $1,418.63 $0.00 $494.07 $89,295.10
55 $89,295.10 $1,418.63 $0.00 $504.89 $91,218.62
56 $91,218.62 $1,418.63 $0.00 $515.76 $93,153.01
57 $93,153.01 $1,418.63 $0.00 $526.70 $95,098.34
58 $95,098.34 $1,418.63 $0.00 $537.70 $97,054.67
59 $97,054.67 $1,418.63 $0.00 $548.76 $99,022.06
60 $99,022.06 $1,418.63 $0.00 $559.89 $101,000.58
61 $101,000.58 $1,418.63 $0.00 $571.07 $102,990.28
62 $102,990.28 $1,418.63 $0.00 $582.32 $104,991.23
63 $104,991.23 $1,418.63 $0.00 $593.64 $107,003.50
64 $107,003.50 $1,418.63 $0.00 $605.01 $109,027.14
65 $109,027.14 $1,418.63 $0.00 $616.46 $111,062.23
66 $111,062.23 $1,418.63 $0.00 $627.96 $113,108.82
67 $113,108.82 $1,418.63 $0.00 $639.53 $115,166.98
68 $115,166.98 $1,418.63 $0.00 $651.17 $117,236.78
69 $117,236.78 $1,418.63 $0.00 $662.87 $119,318.28
70 $119,318.28 $1,418.63 $0.00 $674.64 $121,411.55
71 $121,411.55 $1,418.63 $0.00 $686.48 $123,516.66
72 $123,516.66 $1,418.63 $0.00 $698.38 $125,633.67
73 $125,633.67 $1,418.63 $0.00 $710.35 $127,762.65
74 $127,762.65 $1,418.63 $0.00 $722.39 $129,903.67
75 $129,903.67 $1,418.63 $0.00 $734.49 $132,056.79
76 $132,056.79 $1,418.63 $0.00 $746.67 $134,222.09
77 $134,222.09 $1,418.63 $0.00 $758.91 $136,399.63
78 $136,399.63 $1,418.63 $0.00 $771.22 $138,589.48
79 $138,589.48 $1,418.63 $0.00 $783.61 $140,791.72
80 $140,791.72 $1,418.63 $0.00 $796.06 $143,006.41
81 $143,006.41 $1,418.63 $0.00 $808.58 $145,233.62
82 $145,233.62 $1,418.63 $0.00 $821.17 $147,473.42
83 $147,473.42 $1,418.63 $0.00 $833.84 $149,725.89
84 $149,725.89 $1,418.63 $0.00 $846.57 $151,991.09
85 $151,991.09 $1,418.63 $0.00 $859.38 $154,269.10
86 $154,269.10 $1,418.63 $0.00 $872.26 $156,559.99
87 $156,559.99 $1,418.63 $0.00 $885.21 $158,863.83
88 $158,863.83 $1,418.63 $0.00 $898.24 $161,180.70
89 $161,180.70 $1,418.63 $0.00 $911.34 $163,510.67
90 $163,510.67 $1,418.63 $0.00 $924.51 $165,853.81
91 $165,853.81 $1,418.63 $0.00 $937.76 $168,210.20
92 $168,210.20 $1,418.63 $0.00 $951.08 $170,579.91
93 $170,579.91 $1,418.63 $0.00 $964.48 $172,963.02
94 $172,963.02 $1,418.63 $0.00 $977.96 $175,359.61
95 $175,359.61 $1,418.63 $0.00 $991.51 $177,769.75
96 $177,769.75 $1,418.63 $0.00 $1,005.14 $180,193.52
97 $180,193.52 $1,418.63 $0.00 $1,018.84 $182,630.99
98 $182,630.99 $1,418.63 $0.00 $1,032.62 $185,082.24
99 $185,082.24 $1,418.63 $0.00 $1,046.48 $187,547.35
100 $187,547.35 $1,418.63 $0.00 $1,060.42 $190,026.40
101 $190,026.40 $1,418.63 $0.00 $1,074.44 $192,519.47
102 $192,519.47 $1,418.63 $0.00 $1,088.53 $195,026.63
103 $195,026.63 $1,418.63 $0.00 $1,102.71 $197,547.97
104 $197,547.97 $1,418.63 $0.00 $1,116.96 $200,083.56
105 $200,083.56 $1,418.63 $0.00 $1,131.30 $202,633.49
106 $202,633.49 $1,418.63 $0.00 $1,145.72 $205,197.84
107 $205,197.84 $1,418.63 $0.00 $1,160.22 $207,776.69
108 $207,776.69 $1,418.63 $0.00 $1,174.80 $210,370.12
109 $210,370.12 $1,418.63 $0.00 $1,189.46 $212,978.21
110 $212,978.21 $1,418.63 $0.00 $1,204.21 $215,601.05
111 $215,601.05 $1,418.63 $0.00 $1,219.04 $218,238.72
112 $218,238.72 $1,418.63 $0.00 $1,233.95 $220,891.30
113 $220,891.30 $1,418.63 $0.00 $1,248.95 $223,558.88
114 $223,558.88 $1,418.63 $0.00 $1,264.03 $226,241.54
115 $226,241.54 $1,418.63 $0.00 $1,279.20 $228,939.37
116 $228,939.37 $1,418.63 $0.00 $1,294.46 $231,652.46
117 $231,652.46 $1,418.63 $0.00 $1,309.80 $234,380.89
118 $234,380.89 $1,418.63 $0.00 $1,325.22 $237,124.74
119 $237,124.74 $1,418.63 $0.00 $1,340.74 $239,884.11
120 $239,884.11 $1,418.63 $0.00 $1,356.34 $242,659.08
121 $242,659.08 $1,418.63 $0.00 $1,372.03 $245,449.74
122 $245,449.74 $1,418.63 $0.00 $1,387.81 $248,256.18
123 $248,256.18 $1,418.63 $0.00 $1,403.68 $251,078.49
124 $251,078.49 $1,418.63 $0.00 $1,419.63 $253,916.75
125 $253,916.75 $1,418.63 $0.00 $1,435.68 $256,771.06
126 $256,771.06 $1,418.63 $0.00 $1,451.82 $259,641.51
127 $259,641.51 $1,418.63 $0.00 $1,468.05 $262,528.19
128 $262,528.19 $1,418.63 $0.00 $1,484.37 $265,431.19
129 $265,431.19 $1,418.63 $0.00 $1,500.79 $268,350.61
130 $268,350.61 $1,418.63 $0.00 $1,517.29 $271,286.53
131 $271,286.53 $1,418.63 $0.00 $1,533.89 $274,239.05
132 $274,239.05 $1,418.63 $0.00 $1,550.59 $277,208.27
133 $277,208.27 $1,418.63 $0.00 $1,567.38 $280,194.28
134 $280,194.28 $1,418.63 $0.00 $1,584.26 $283,197.17
135 $283,197.17 $1,418.63 $0.00 $1,601.24 $286,217.04
136 $286,217.04 $1,418.63 $0.00 $1,618.31 $289,253.98
137 $289,253.98 $1,418.63 $0.00 $1,635.48 $292,308.09
138 $292,308.09 $1,418.63 $0.00 $1,652.75 $295,379.47
139 $295,379.47 $1,418.63 $0.00 $1,670.12 $298,468.22
140 $298,468.22 $1,418.63 $0.00 $1,687.58 $301,574.43
141 $301,574.43 $1,418.63 $0.00 $1,705.15 $304,698.21
142 $304,698.21 $1,418.63 $0.00 $1,722.81 $307,839.65
143 $307,839.65 $1,418.63 $0.00 $1,740.57 $310,998.85
144 $310,998.85 $1,418.63 $0.00 $1,758.43 $314,175.91
145 $314,175.91 $1,418.63 $0.00 $1,776.40 $317,370.94
146 $317,370.94 $1,418.63 $0.00 $1,794.46 $320,584.03
147 $320,584.03 $1,418.63 $0.00 $1,812.63 $323,815.29
148 $323,815.29 $1,418.63 $0.00 $1,830.90 $327,064.82
149 $327,064.82 $1,418.63 $0.00 $1,849.27 $330,332.72
150 $330,332.72 $1,418.63 $0.00 $1,867.75 $333,619.10
151 $333,619.10 $1,418.63 $0.00 $1,886.33 $336,924.06
152 $336,924.06 $1,418.63 $0.00 $1,905.02 $340,247.71
153 $340,247.71 $1,418.63 $0.00 $1,923.81 $343,590.15
154 $343,590.15 $1,418.63 $0.00 $1,942.71 $346,951.49
155 $346,951.49 $1,418.63 $0.00 $1,961.71 $350,331.83
156 $350,331.83 $1,418.63 $0.00 $1,980.83 $353,731.29
157 $353,731.29 $1,418.63 $0.00 $2,000.05 $357,149.97
158 $357,149.97 $1,418.63 $0.00 $2,019.38 $360,587.98
159 $360,587.98 $1,418.63 $0.00 $2,038.82 $364,045.43
160 $364,045.43 $1,418.63 $0.00 $2,058.37 $367,522.43
161 $367,522.43 $1,418.63 $0.00 $2,078.03 $371,019.09
162 $371,019.09 $1,418.63 $0.00 $2,097.80 $374,535.52
163 $374,535.52 $1,418.63 $0.00 $2,117.68 $378,071.83
164 $378,071.83 $1,418.63 $0.00 $2,137.67 $381,628.13
165 $381,628.13 $1,418.63 $0.00 $2,157.78 $385,204.54
166 $385,204.54 $1,418.63 $0.00 $2,178.00 $388,801.17
167 $388,801.17 $1,418.63 $0.00 $2,198.34 $392,418.14
168 $392,418.14 $1,418.63 $0.00 $2,218.79 $396,055.56
169 $396,055.56 $1,418.63 $0.00 $2,239.36 $399,713.55
170 $399,713.55 $1,418.63 $0.00 $2,260.04 $403,392.22
171 $403,392.22 $1,418.63 $0.00 $2,280.84 $407,091.69
172 $407,091.69 $1,418.63 $0.00 $2,301.76 $410,812.08
173 $410,812.08 $1,418.63 $0.00 $2,322.79 $414,553.50
174 $414,553.50 $1,418.63 $0.00 $2,343.95 $418,316.08
175 $418,316.08 $1,418.63 $0.00 $2,365.22 $422,099.93
176 $422,099.93 $1,418.63 $0.00 $2,386.61 $425,905.17
177 $425,905.17 $1,418.63 $0.00 $2,408.13 $429,731.93
178 $429,731.93 $1,418.63 $0.00 $2,429.77 $433,580.33
179 $433,580.33 $1,418.63 $0.00 $2,451.53 $437,450.49
180 $437,450.49 $1,418.63 $0.00 $2,473.41 $441,342.53
181 $441,342.53 $1,418.63 $0.00 $2,495.41 $445,256.57
182 $445,256.57 $1,418.63 $0.00 $2,517.55 $449,192.75
183 $449,192.75 $1,418.63 $0.00 $2,539.80 $453,151.18
184 $453,151.18 $1,418.63 $0.00 $2,562.18 $457,131.99
185 $457,131.99 $1,418.63 $0.00 $2,584.69 $461,135.31
186 $461,135.31 $1,418.63 $0.00 $2,607.33 $465,161.27
187 $465,161.27 $1,418.63 $0.00 $2,630.09 $469,209.99
188 $469,209.99 $1,418.63 $0.00 $2,652.98 $473,281.60
189 $473,281.60 $1,418.63 $0.00 $2,676.00 $477,376.23
190 $477,376.23 $1,418.63 $0.00 $2,699.15 $481,494.01
191 $481,494.01 $1,418.63 $0.00 $2,722.44 $485,635.08
192 $485,635.08 $1,418.63 $0.00 $2,745.85 $489,799.56
193 $489,799.56 $1,418.63 $0.00 $2,769.40 $493,987.59
194 $493,987.59 $1,418.63 $0.00 $2,793.08 $498,199.30
195 $498,199.30 $1,418.63 $0.00 $2,816.89 $502,434.82
196 $502,434.82 $1,418.63 $0.00 $2,840.84 $506,694.29
197 $506,694.29 $1,418.63 $0.00 $2,864.92 $510,977.84
198 $510,977.84 $1,418.63 $0.00 $2,889.14 $515,285.61
199 $515,285.61 $1,418.63 $0.00 $2,913.50 $519,617.74
200 $519,617.74 $1,418.63 $0.00 $2,937.99 $523,974.36
201 $523,974.36 $1,418.63 $0.00 $2,962.63 $528,355.62
202 $528,355.62 $1,418.63 $0.00 $2,987.40 $532,761.65
203 $532,761.65 $1,418.63 $0.00 $3,012.31 $537,192.59
204 $537,192.59 $1,418.63 $0.00 $3,037.37 $541,648.59
205 $541,648.59 $1,418.63 $0.00 $3,062.56 $546,129.78
206 $546,129.78 $1,418.63 $0.00 $3,087.90 $550,636.31
207 $550,636.31 $1,418.63 $0.00 $3,113.38 $555,168.32
208 $555,168.32 $1,418.63 $0.00 $3,139.00 $559,725.95
209 $559,725.95 $1,418.63 $0.00 $3,164.77 $564,309.35
210 $564,309.35 $1,418.63 $0.00 $3,190.69 $568,918.67
211 $568,918.67 $1,418.63 $0.00 $3,216.75 $573,554.05
212 $573,554.05 $1,418.63 $0.00 $3,242.96 $578,215.64
213 $578,215.64 $1,418.63 $0.00 $3,269.32 $582,903.59
214 $582,903.59 $1,418.63 $0.00 $3,295.82 $587,618.04
215 $587,618.04 $1,418.63 $0.00 $3,322.48 $592,359.15
216 $592,359.15 $1,418.63 $0.00 $3,349.28 $597,127.06
217 $597,127.06 $1,418.63 $161,712.86 $3,376.24 $440,209.07
218 $440,209.07 $1,418.63 $0.00 $2,489.01 $444,116.71
219 $444,116.71 $1,418.63 $0.00 $2,511.10 $448,046.44
220 $448,046.44 $1,418.63 $0.00 $2,533.32 $451,998.39
221 $451,998.39 $1,418.63 $0.00 $2,555.66 $455,972.68
222 $455,972.68 $1,418.63 $0.00 $2,578.14 $459,969.45
223 $459,969.45 $1,418.63 $0.00 $2,600.73 $463,988.81
224 $463,988.81 $1,418.63 $0.00 $2,623.46 $468,030.90
225 $468,030.90 $1,418.63 $0.00 $2,646.31 $472,095.84
226 $472,095.84 $1,418.63 $0.00 $2,669.30 $476,183.77
227 $476,183.77 $1,418.63 $0.00 $2,692.41 $480,294.81
228 $480,294.81 $1,418.63 $0.00 $2,715.66 $484,429.10
229 $484,429.10 $1,418.63 $173,032.76 $2,739.03 $315,554.00
230 $315,554.00 $1,418.63 $0.00 $1,784.19 $318,756.82
231 $318,756.82 $1,418.63 $0.00 $1,802.30 $321,977.75
232 $321,977.75 $1,418.63 $0.00 $1,820.51 $325,216.89
233 $325,216.89 $1,418.63 $0.00 $1,838.82 $328,474.34
234 $328,474.34 $1,418.63 $0.00 $1,857.24 $331,750.21
235 $331,750.21 $1,418.63 $0.00 $1,875.76 $335,044.60
236 $335,044.60 $1,418.63 $0.00 $1,894.39 $338,357.62
237 $338,357.62 $1,418.63 $0.00 $1,913.12 $341,689.37
238 $341,689.37 $1,418.63 $0.00 $1,931.96 $345,039.96
239 $345,039.96 $1,418.63 $0.00 $1,950.91 $348,409.50
240 $348,409.50 $1,418.63 $0.00 $1,969.96 $351,798.09
241 $351,798.09 $1,418.63 $185,145.05 $1,989.12 $170,060.79
242 $170,060.79 $1,418.63 $0.00 $961.55 $172,440.97
243 $172,440.97 $1,418.63 $0.00 $975.01 $174,834.61
244 $174,834.61 $1,418.63 $0.00 $988.54 $177,241.78
245 $177,241.78 $1,418.63 $0.00 $1,002.15 $179,662.56
246 $179,662.56 $1,418.63 $0.00 $1,015.84 $182,097.03
247 $182,097.03 $1,418.63 $0.00 $1,029.60 $184,545.26
248 $184,545.26 $1,418.63 $0.00 $1,043.45 $187,007.34
249 $187,007.34 $1,418.63 $0.00 $1,057.37 $189,483.34
250 $189,483.34 $1,418.63 $0.00 $1,071.37 $191,973.34
251 $191,973.34 $1,418.63 $0.00 $1,085.45 $194,477.42
252 $194,477.42 $1,418.63 $0.00 $1,099.60 $196,995.65
253 $196,995.65 $0.00 $198,105.21 $1,113.84 $4.28