Savings Plan and Future Cost Estimation for Northern Illinois University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$104,379
Monthly savings required$825

How much will it cost to send your child to Northern Illinois University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $417,516.59 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $824.92 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$27,822.00
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 $824.92 $0.00 $0.00 $824.92
2 $824.92 $824.92 $0.00 $4.66 $1,654.50
3 $1,654.50 $824.92 $0.00 $9.35 $2,488.77
4 $2,488.77 $824.92 $0.00 $14.07 $3,327.76
5 $3,327.76 $824.92 $0.00 $18.82 $4,171.50
6 $4,171.50 $824.92 $0.00 $23.59 $5,020.01
7 $5,020.01 $824.92 $0.00 $28.38 $5,873.31
8 $5,873.31 $824.92 $0.00 $33.21 $6,731.44
9 $6,731.44 $824.92 $0.00 $38.06 $7,594.42
10 $7,594.42 $824.92 $0.00 $42.94 $8,462.28
11 $8,462.28 $824.92 $0.00 $47.85 $9,335.05
12 $9,335.05 $824.92 $0.00 $52.78 $10,212.75
13 $10,212.75 $824.92 $0.00 $57.74 $11,095.41
14 $11,095.41 $824.92 $0.00 $62.74 $11,983.07
15 $11,983.07 $824.92 $0.00 $67.75 $12,875.74
16 $12,875.74 $824.92 $0.00 $72.80 $13,773.46
17 $13,773.46 $824.92 $0.00 $77.88 $14,676.26
18 $14,676.26 $824.92 $0.00 $82.98 $15,584.16
19 $15,584.16 $824.92 $0.00 $88.12 $16,497.20
20 $16,497.20 $824.92 $0.00 $93.28 $17,415.40
21 $17,415.40 $824.92 $0.00 $98.47 $18,338.79
22 $18,338.79 $824.92 $0.00 $103.69 $19,267.40
23 $19,267.40 $824.92 $0.00 $108.94 $20,201.26
24 $20,201.26 $824.92 $0.00 $114.22 $21,140.40
25 $21,140.40 $824.92 $0.00 $119.53 $22,084.85
26 $22,084.85 $824.92 $0.00 $124.87 $23,034.64
27 $23,034.64 $824.92 $0.00 $130.24 $23,989.80
28 $23,989.80 $824.92 $0.00 $135.64 $24,950.36
29 $24,950.36 $824.92 $0.00 $141.07 $25,916.35
30 $25,916.35 $824.92 $0.00 $146.53 $26,887.80
31 $26,887.80 $824.92 $0.00 $152.03 $27,864.75
32 $27,864.75 $824.92 $0.00 $157.55 $28,847.22
33 $28,847.22 $824.92 $0.00 $163.11 $29,835.25
34 $29,835.25 $824.92 $0.00 $168.69 $30,828.86
35 $30,828.86 $824.92 $0.00 $174.31 $31,828.09
36 $31,828.09 $824.92 $0.00 $179.96 $32,832.97
37 $32,832.97 $824.92 $0.00 $185.64 $33,843.53
38 $33,843.53 $824.92 $0.00 $191.36 $34,859.81
39 $34,859.81 $824.92 $0.00 $197.10 $35,881.83
40 $35,881.83 $824.92 $0.00 $202.88 $36,909.63
41 $36,909.63 $824.92 $0.00 $208.69 $37,943.24
42 $37,943.24 $824.92 $0.00 $214.54 $38,982.70
43 $38,982.70 $824.92 $0.00 $220.41 $40,028.03
44 $40,028.03 $824.92 $0.00 $226.32 $41,079.27
45 $41,079.27 $824.92 $0.00 $232.27 $42,136.46
46 $42,136.46 $824.92 $0.00 $238.25 $43,199.63
47 $43,199.63 $824.92 $0.00 $244.26 $44,268.81
48 $44,268.81 $824.92 $0.00 $250.30 $45,344.03
49 $45,344.03 $824.92 $0.00 $256.38 $46,425.33
50 $46,425.33 $824.92 $0.00 $262.50 $47,512.75
51 $47,512.75 $824.92 $0.00 $268.64 $48,606.31
52 $48,606.31 $824.92 $0.00 $274.83 $49,706.06
53 $49,706.06 $824.92 $0.00 $281.05 $50,812.03
54 $50,812.03 $824.92 $0.00 $287.30 $51,924.25
55 $51,924.25 $824.92 $0.00 $293.59 $53,042.76
56 $53,042.76 $824.92 $0.00 $299.91 $54,167.59
57 $54,167.59 $824.92 $0.00 $306.27 $55,298.78
58 $55,298.78 $824.92 $0.00 $312.67 $56,436.37
59 $56,436.37 $824.92 $0.00 $319.10 $57,580.39
60 $57,580.39 $824.92 $0.00 $325.57 $58,730.88
61 $58,730.88 $824.92 $0.00 $332.07 $59,887.87
62 $59,887.87 $824.92 $0.00 $338.61 $61,051.40
63 $61,051.40 $824.92 $0.00 $345.19 $62,221.51
64 $62,221.51 $824.92 $0.00 $351.81 $63,398.24
65 $63,398.24 $824.92 $0.00 $358.46 $64,581.62
66 $64,581.62 $824.92 $0.00 $365.15 $65,771.69
67 $65,771.69 $824.92 $0.00 $371.88 $66,968.49
68 $66,968.49 $824.92 $0.00 $378.65 $68,172.06
69 $68,172.06 $824.92 $0.00 $385.45 $69,382.43
70 $69,382.43 $824.92 $0.00 $392.30 $70,599.65
71 $70,599.65 $824.92 $0.00 $399.18 $71,823.75
72 $71,823.75 $824.92 $0.00 $406.10 $73,054.77
73 $73,054.77 $824.92 $0.00 $413.06 $74,292.75
74 $74,292.75 $824.92 $0.00 $420.06 $75,537.73
75 $75,537.73 $824.92 $0.00 $427.10 $76,789.75
76 $76,789.75 $824.92 $0.00 $434.18 $78,048.85
77 $78,048.85 $824.92 $0.00 $441.30 $79,315.07
78 $79,315.07 $824.92 $0.00 $448.46 $80,588.45
79 $80,588.45 $824.92 $0.00 $455.66 $81,869.03
80 $81,869.03 $824.92 $0.00 $462.90 $83,156.85
81 $83,156.85 $824.92 $0.00 $470.18 $84,451.95
82 $84,451.95 $824.92 $0.00 $477.50 $85,754.37
83 $85,754.37 $824.92 $0.00 $484.87 $87,064.16
84 $87,064.16 $824.92 $0.00 $492.27 $88,381.35
85 $88,381.35 $824.92 $0.00 $499.72 $89,705.99
86 $89,705.99 $824.92 $0.00 $507.21 $91,038.12
87 $91,038.12 $824.92 $0.00 $514.74 $92,377.78
88 $92,377.78 $824.92 $0.00 $522.32 $93,725.02
89 $93,725.02 $824.92 $0.00 $529.93 $95,079.87
90 $95,079.87 $824.92 $0.00 $537.60 $96,442.39
91 $96,442.39 $824.92 $0.00 $545.30 $97,812.61
92 $97,812.61 $824.92 $0.00 $553.05 $99,190.58
93 $99,190.58 $824.92 $0.00 $560.84 $100,576.34
94 $100,576.34 $824.92 $0.00 $568.67 $101,969.93
95 $101,969.93 $824.92 $0.00 $576.55 $103,371.40
96 $103,371.40 $824.92 $0.00 $584.48 $104,780.80
97 $104,780.80 $824.92 $0.00 $592.45 $106,198.17
98 $106,198.17 $824.92 $0.00 $600.46 $107,623.55
99 $107,623.55 $824.92 $0.00 $608.52 $109,056.99
100 $109,056.99 $824.92 $0.00 $616.62 $110,498.53
101 $110,498.53 $824.92 $0.00 $624.77 $111,948.22
102 $111,948.22 $824.92 $0.00 $632.97 $113,406.11
103 $113,406.11 $824.92 $0.00 $641.21 $114,872.24
104 $114,872.24 $824.92 $0.00 $649.50 $116,346.66
105 $116,346.66 $824.92 $0.00 $657.84 $117,829.42
106 $117,829.42 $824.92 $0.00 $666.22 $119,320.56
107 $119,320.56 $824.92 $0.00 $674.66 $120,820.14
108 $120,820.14 $824.92 $0.00 $683.13 $122,328.19
109 $122,328.19 $824.92 $0.00 $691.66 $123,844.77
110 $123,844.77 $824.92 $0.00 $700.24 $125,369.93
111 $125,369.93 $824.92 $0.00 $708.86 $126,903.71
112 $126,903.71 $824.92 $0.00 $717.53 $128,446.16
113 $128,446.16 $824.92 $0.00 $726.25 $129,997.33
114 $129,997.33 $824.92 $0.00 $735.02 $131,557.27
115 $131,557.27 $824.92 $0.00 $743.84 $133,126.03
116 $133,126.03 $824.92 $0.00 $752.71 $134,703.66
117 $134,703.66 $824.92 $0.00 $761.63 $136,290.21
118 $136,290.21 $824.92 $0.00 $770.60 $137,885.73
119 $137,885.73 $824.92 $0.00 $779.63 $139,490.28
120 $139,490.28 $824.92 $0.00 $788.70 $141,103.90
121 $141,103.90 $824.92 $0.00 $797.82 $142,726.64
122 $142,726.64 $824.92 $0.00 $807.00 $144,358.56
123 $144,358.56 $824.92 $0.00 $816.22 $145,999.70
124 $145,999.70 $824.92 $0.00 $825.50 $147,650.12
125 $147,650.12 $824.92 $0.00 $834.84 $149,309.88
126 $149,309.88 $824.92 $0.00 $844.22 $150,979.02
127 $150,979.02 $824.92 $0.00 $853.66 $152,657.60
128 $152,657.60 $824.92 $0.00 $863.15 $154,345.67
129 $154,345.67 $824.92 $0.00 $872.69 $156,043.28
130 $156,043.28 $824.92 $0.00 $882.29 $157,750.49
131 $157,750.49 $824.92 $0.00 $891.94 $159,467.35
132 $159,467.35 $824.92 $0.00 $901.65 $161,193.92
133 $161,193.92 $824.92 $0.00 $911.41 $162,930.25
134 $162,930.25 $824.92 $0.00 $921.23 $164,676.40
135 $164,676.40 $824.92 $0.00 $931.10 $166,432.42
136 $166,432.42 $824.92 $0.00 $941.03 $168,198.37
137 $168,198.37 $824.92 $0.00 $951.02 $169,974.31
138 $169,974.31 $824.92 $0.00 $961.06 $171,760.29
139 $171,760.29 $824.92 $0.00 $971.16 $173,556.37
140 $173,556.37 $824.92 $0.00 $981.31 $175,362.60
141 $175,362.60 $824.92 $0.00 $991.53 $177,179.05
142 $177,179.05 $824.92 $0.00 $1,001.80 $179,005.77
143 $179,005.77 $824.92 $0.00 $1,012.12 $180,842.81
144 $180,842.81 $824.92 $0.00 $1,022.51 $182,690.24
145 $182,690.24 $824.92 $0.00 $1,032.96 $184,548.12
146 $184,548.12 $824.92 $0.00 $1,043.46 $186,416.50
147 $186,416.50 $824.92 $0.00 $1,054.03 $188,295.45
148 $188,295.45 $824.92 $0.00 $1,064.65 $190,185.02
149 $190,185.02 $824.92 $0.00 $1,075.33 $192,085.27
150 $192,085.27 $824.92 $0.00 $1,086.08 $193,996.27
151 $193,996.27 $824.92 $0.00 $1,096.88 $195,918.07
152 $195,918.07 $824.92 $0.00 $1,107.75 $197,850.74
153 $197,850.74 $824.92 $0.00 $1,118.68 $199,794.34
154 $199,794.34 $824.92 $0.00 $1,129.67 $201,748.93
155 $201,748.93 $824.92 $0.00 $1,140.72 $203,714.57
156 $203,714.57 $824.92 $0.00 $1,151.83 $205,691.32
157 $205,691.32 $824.92 $0.00 $1,163.01 $207,679.25
158 $207,679.25 $824.92 $0.00 $1,174.25 $209,678.42
159 $209,678.42 $824.92 $0.00 $1,185.55 $211,688.89
160 $211,688.89 $824.92 $0.00 $1,196.92 $213,710.73
161 $213,710.73 $824.92 $0.00 $1,208.35 $215,744.00
162 $215,744.00 $824.92 $0.00 $1,219.85 $217,788.77
163 $217,788.77 $824.92 $0.00 $1,231.41 $219,845.10
164 $219,845.10 $824.92 $0.00 $1,243.04 $221,913.06
165 $221,913.06 $824.92 $0.00 $1,254.73 $223,992.71
166 $223,992.71 $824.92 $0.00 $1,266.49 $226,084.12
167 $226,084.12 $824.92 $0.00 $1,278.31 $228,187.35
168 $228,187.35 $824.92 $0.00 $1,290.20 $230,302.47
169 $230,302.47 $824.92 $0.00 $1,302.16 $232,429.55
170 $232,429.55 $824.92 $0.00 $1,314.19 $234,568.66
171 $234,568.66 $824.92 $0.00 $1,326.29 $236,719.87
172 $236,719.87 $824.92 $0.00 $1,338.45 $238,883.24
173 $238,883.24 $824.92 $0.00 $1,350.68 $241,058.84
174 $241,058.84 $824.92 $0.00 $1,362.98 $243,246.74
175 $243,246.74 $824.92 $0.00 $1,375.35 $245,447.01
176 $245,447.01 $824.92 $0.00 $1,387.79 $247,659.72
177 $247,659.72 $824.92 $0.00 $1,400.30 $249,884.94
178 $249,884.94 $824.92 $0.00 $1,412.89 $252,122.75
179 $252,122.75 $824.92 $0.00 $1,425.54 $254,373.21
180 $254,373.21 $824.92 $0.00 $1,438.26 $256,636.39
181 $256,636.39 $824.92 $0.00 $1,451.06 $258,912.37
182 $258,912.37 $824.92 $0.00 $1,463.93 $261,201.22
183 $261,201.22 $824.92 $0.00 $1,476.87 $263,503.01
184 $263,503.01 $824.92 $0.00 $1,489.88 $265,817.81
185 $265,817.81 $824.92 $0.00 $1,502.97 $268,145.70
186 $268,145.70 $824.92 $0.00 $1,516.13 $270,486.75
187 $270,486.75 $824.92 $0.00 $1,529.37 $272,841.04
188 $272,841.04 $824.92 $0.00 $1,542.68 $275,208.64
189 $275,208.64 $824.92 $0.00 $1,556.07 $277,589.63
190 $277,589.63 $824.92 $0.00 $1,569.53 $279,984.08
191 $279,984.08 $824.92 $0.00 $1,583.07 $282,392.07
192 $282,392.07 $824.92 $0.00 $1,596.69 $284,813.68
193 $284,813.68 $824.92 $0.00 $1,610.38 $287,248.98
194 $287,248.98 $824.92 $0.00 $1,624.15 $289,698.05
195 $289,698.05 $824.92 $0.00 $1,637.99 $292,160.96
196 $292,160.96 $824.92 $0.00 $1,651.92 $294,637.80
197 $294,637.80 $824.92 $0.00 $1,665.92 $297,128.64
198 $297,128.64 $824.92 $0.00 $1,680.01 $299,633.57
199 $299,633.57 $824.92 $0.00 $1,694.17 $302,152.66
200 $302,152.66 $824.92 $0.00 $1,708.42 $304,686.00
201 $304,686.00 $824.92 $0.00 $1,722.74 $307,233.66
202 $307,233.66 $824.92 $0.00 $1,737.14 $309,795.72
203 $309,795.72 $824.92 $0.00 $1,751.63 $312,372.27
204 $312,372.27 $824.92 $0.00 $1,766.20 $314,963.39
205 $314,963.39 $824.92 $0.00 $1,780.85 $317,569.16
206 $317,569.16 $824.92 $0.00 $1,795.58 $320,189.66
207 $320,189.66 $824.92 $0.00 $1,810.40 $322,824.98
208 $322,824.98 $824.92 $0.00 $1,825.30 $325,475.20
209 $325,475.20 $824.92 $0.00 $1,840.28 $328,140.40
210 $328,140.40 $824.92 $0.00 $1,855.35 $330,820.67
211 $330,820.67 $824.92 $0.00 $1,870.51 $333,516.10
212 $333,516.10 $824.92 $0.00 $1,885.75 $336,226.77
213 $336,226.77 $824.92 $0.00 $1,901.08 $338,952.77
214 $338,952.77 $824.92 $0.00 $1,916.49 $341,694.18
215 $341,694.18 $824.92 $0.00 $1,931.99 $344,451.09
216 $344,451.09 $824.92 $0.00 $1,947.58 $347,223.59
217 $347,223.59 $824.92 $94,036.48 $1,963.25 $255,975.28
218 $255,975.28 $824.92 $0.00 $1,447.32 $258,247.52
219 $258,247.52 $824.92 $0.00 $1,460.17 $260,532.61
220 $260,532.61 $824.92 $0.00 $1,473.09 $262,830.62
221 $262,830.62 $824.92 $0.00 $1,486.08 $265,141.62
222 $265,141.62 $824.92 $0.00 $1,499.15 $267,465.69
223 $267,465.69 $824.92 $0.00 $1,512.29 $269,802.90
224 $269,802.90 $824.92 $0.00 $1,525.50 $272,153.32
225 $272,153.32 $824.92 $0.00 $1,538.79 $274,517.03
226 $274,517.03 $824.92 $0.00 $1,552.16 $276,894.11
227 $276,894.11 $824.92 $0.00 $1,565.60 $279,284.63
228 $279,284.63 $824.92 $0.00 $1,579.12 $281,688.67
229 $281,688.67 $824.92 $100,619.03 $1,592.71 $183,487.27
230 $183,487.27 $824.92 $0.00 $1,037.46 $185,349.65
231 $185,349.65 $824.92 $0.00 $1,047.99 $187,222.56
232 $187,222.56 $824.92 $0.00 $1,058.58 $189,106.06
233 $189,106.06 $824.92 $0.00 $1,069.23 $191,000.21
234 $191,000.21 $824.92 $0.00 $1,079.94 $192,905.07
235 $192,905.07 $824.92 $0.00 $1,090.71 $194,820.70
236 $194,820.70 $824.92 $0.00 $1,101.54 $196,747.16
237 $196,747.16 $824.92 $0.00 $1,112.44 $198,684.52
238 $198,684.52 $824.92 $0.00 $1,123.39 $200,632.83
239 $200,632.83 $824.92 $0.00 $1,134.41 $202,592.16
240 $202,592.16 $824.92 $0.00 $1,145.49 $204,562.57
241 $204,562.57 $824.92 $107,662.36 $1,156.63 $98,881.76
242 $98,881.76 $824.92 $0.00 $559.09 $100,265.77
243 $100,265.77 $824.92 $0.00 $566.92 $101,657.61
244 $101,657.61 $824.92 $0.00 $574.79 $103,057.32
245 $103,057.32 $824.92 $0.00 $582.70 $104,464.94
246 $104,464.94 $824.92 $0.00 $590.66 $105,880.52
247 $105,880.52 $824.92 $0.00 $598.66 $107,304.10
248 $107,304.10 $824.92 $0.00 $606.71 $108,735.73
249 $108,735.73 $824.92 $0.00 $614.81 $110,175.46
250 $110,175.46 $824.92 $0.00 $622.95 $111,623.33
251 $111,623.33 $824.92 $0.00 $631.13 $113,079.38
252 $113,079.38 $824.92 $0.00 $639.37 $114,543.67
253 $114,543.67 $0.00 $115,198.73 $647.65 -$7.41