Savings Plan and Future Cost Estimation for Northwestern College Southwestern Campus

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$77,168
Monthly savings required$343

How much will it cost to send your child to Northwestern College Southwestern Campus in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $154,336.85 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $342.96 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$31,283.00
Years until enrollment18
Annual Tuition Increase5%
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 $342.96 $0.00 $0.00 $342.96
2 $342.96 $342.96 $0.00 $1.94 $687.86
3 $687.86 $342.96 $0.00 $3.89 $1,034.71
4 $1,034.71 $342.96 $0.00 $5.85 $1,383.52
5 $1,383.52 $342.96 $0.00 $7.82 $1,734.30
6 $1,734.30 $342.96 $0.00 $9.81 $2,087.07
7 $2,087.07 $342.96 $0.00 $11.80 $2,441.83
8 $2,441.83 $342.96 $0.00 $13.81 $2,798.60
9 $2,798.60 $342.96 $0.00 $15.82 $3,157.38
10 $3,157.38 $342.96 $0.00 $17.85 $3,518.19
11 $3,518.19 $342.96 $0.00 $19.89 $3,881.04
12 $3,881.04 $342.96 $0.00 $21.94 $4,245.94
13 $4,245.94 $342.96 $0.00 $24.01 $4,612.91
14 $4,612.91 $342.96 $0.00 $26.08 $4,981.95
15 $4,981.95 $342.96 $0.00 $28.17 $5,353.08
16 $5,353.08 $342.96 $0.00 $30.27 $5,726.31
17 $5,726.31 $342.96 $0.00 $32.38 $6,101.65
18 $6,101.65 $342.96 $0.00 $34.50 $6,479.11
19 $6,479.11 $342.96 $0.00 $36.63 $6,858.70
20 $6,858.70 $342.96 $0.00 $38.78 $7,240.44
21 $7,240.44 $342.96 $0.00 $40.94 $7,624.34
22 $7,624.34 $342.96 $0.00 $43.11 $8,010.41
23 $8,010.41 $342.96 $0.00 $45.29 $8,398.66
24 $8,398.66 $342.96 $0.00 $47.49 $8,789.11
25 $8,789.11 $342.96 $0.00 $49.69 $9,181.76
26 $9,181.76 $342.96 $0.00 $51.92 $9,576.64
27 $9,576.64 $342.96 $0.00 $54.15 $9,973.75
28 $9,973.75 $342.96 $0.00 $56.39 $10,373.10
29 $10,373.10 $342.96 $0.00 $58.65 $10,774.71
30 $10,774.71 $342.96 $0.00 $60.92 $11,178.59
31 $11,178.59 $342.96 $0.00 $63.21 $11,584.76
32 $11,584.76 $342.96 $0.00 $65.50 $11,993.22
33 $11,993.22 $342.96 $0.00 $67.81 $12,403.99
34 $12,403.99 $342.96 $0.00 $70.13 $12,817.08
35 $12,817.08 $342.96 $0.00 $72.47 $13,232.51
36 $13,232.51 $342.96 $0.00 $74.82 $13,650.29
37 $13,650.29 $342.96 $0.00 $77.18 $14,070.43
38 $14,070.43 $342.96 $0.00 $79.56 $14,492.95
39 $14,492.95 $342.96 $0.00 $81.95 $14,917.86
40 $14,917.86 $342.96 $0.00 $84.35 $15,345.17
41 $15,345.17 $342.96 $0.00 $86.76 $15,774.89
42 $15,774.89 $342.96 $0.00 $89.19 $16,207.04
43 $16,207.04 $342.96 $0.00 $91.64 $16,641.64
44 $16,641.64 $342.96 $0.00 $94.09 $17,078.69
45 $17,078.69 $342.96 $0.00 $96.57 $17,518.22
46 $17,518.22 $342.96 $0.00 $99.05 $17,960.23
47 $17,960.23 $342.96 $0.00 $101.55 $18,404.74
48 $18,404.74 $342.96 $0.00 $104.06 $18,851.76
49 $18,851.76 $342.96 $0.00 $106.59 $19,301.31
50 $19,301.31 $342.96 $0.00 $109.13 $19,753.40
51 $19,753.40 $342.96 $0.00 $111.69 $20,208.05
52 $20,208.05 $342.96 $0.00 $114.26 $20,665.27
53 $20,665.27 $342.96 $0.00 $116.84 $21,125.07
54 $21,125.07 $342.96 $0.00 $119.44 $21,587.47
55 $21,587.47 $342.96 $0.00 $122.06 $22,052.49
56 $22,052.49 $342.96 $0.00 $124.69 $22,520.14
57 $22,520.14 $342.96 $0.00 $127.33 $22,990.43
58 $22,990.43 $342.96 $0.00 $129.99 $23,463.38
59 $23,463.38 $342.96 $0.00 $132.67 $23,939.01
60 $23,939.01 $342.96 $0.00 $135.35 $24,417.32
61 $24,417.32 $342.96 $0.00 $138.06 $24,898.34
62 $24,898.34 $342.96 $0.00 $140.78 $25,382.08
63 $25,382.08 $342.96 $0.00 $143.51 $25,868.55
64 $25,868.55 $342.96 $0.00 $146.26 $26,357.77
65 $26,357.77 $342.96 $0.00 $149.03 $26,849.76
66 $26,849.76 $342.96 $0.00 $151.81 $27,344.53
67 $27,344.53 $342.96 $0.00 $154.61 $27,842.10
68 $27,842.10 $342.96 $0.00 $157.42 $28,342.48
69 $28,342.48 $342.96 $0.00 $160.25 $28,845.69
70 $28,845.69 $342.96 $0.00 $163.10 $29,351.75
71 $29,351.75 $342.96 $0.00 $165.96 $29,860.67
72 $29,860.67 $342.96 $0.00 $168.84 $30,372.47
73 $30,372.47 $342.96 $0.00 $171.73 $30,887.16
74 $30,887.16 $342.96 $0.00 $174.64 $31,404.76
75 $31,404.76 $342.96 $0.00 $177.57 $31,925.29
76 $31,925.29 $342.96 $0.00 $180.51 $32,448.76
77 $32,448.76 $342.96 $0.00 $183.47 $32,975.19
78 $32,975.19 $342.96 $0.00 $186.45 $33,504.60
79 $33,504.60 $342.96 $0.00 $189.44 $34,037.00
80 $34,037.00 $342.96 $0.00 $192.45 $34,572.41
81 $34,572.41 $342.96 $0.00 $195.48 $35,110.85
82 $35,110.85 $342.96 $0.00 $198.52 $35,652.33
83 $35,652.33 $342.96 $0.00 $201.58 $36,196.87
84 $36,196.87 $342.96 $0.00 $204.66 $36,744.49
85 $36,744.49 $342.96 $0.00 $207.76 $37,295.21
86 $37,295.21 $342.96 $0.00 $210.87 $37,849.04
87 $37,849.04 $342.96 $0.00 $214.00 $38,406.00
88 $38,406.00 $342.96 $0.00 $217.15 $38,966.11
89 $38,966.11 $342.96 $0.00 $220.32 $39,529.39
90 $39,529.39 $342.96 $0.00 $223.50 $40,095.85
91 $40,095.85 $342.96 $0.00 $226.71 $40,665.52
92 $40,665.52 $342.96 $0.00 $229.93 $41,238.41
93 $41,238.41 $342.96 $0.00 $233.17 $41,814.54
94 $41,814.54 $342.96 $0.00 $236.43 $42,393.93
95 $42,393.93 $342.96 $0.00 $239.70 $42,976.59
96 $42,976.59 $342.96 $0.00 $243.00 $43,562.55
97 $43,562.55 $342.96 $0.00 $246.31 $44,151.82
98 $44,151.82 $342.96 $0.00 $249.64 $44,744.42
99 $44,744.42 $342.96 $0.00 $252.99 $45,340.37
100 $45,340.37 $342.96 $0.00 $256.36 $45,939.69
101 $45,939.69 $342.96 $0.00 $259.75 $46,542.40
102 $46,542.40 $342.96 $0.00 $263.16 $47,148.52
103 $47,148.52 $342.96 $0.00 $266.58 $47,758.06
104 $47,758.06 $342.96 $0.00 $270.03 $48,371.05
105 $48,371.05 $342.96 $0.00 $273.50 $48,987.51
106 $48,987.51 $342.96 $0.00 $276.98 $49,607.45
107 $49,607.45 $342.96 $0.00 $280.49 $50,230.90
108 $50,230.90 $342.96 $0.00 $284.01 $50,857.87
109 $50,857.87 $342.96 $0.00 $287.56 $51,488.39
110 $51,488.39 $342.96 $0.00 $291.12 $52,122.47
111 $52,122.47 $342.96 $0.00 $294.71 $52,760.14
112 $52,760.14 $342.96 $0.00 $298.31 $53,401.41
113 $53,401.41 $342.96 $0.00 $301.94 $54,046.31
114 $54,046.31 $342.96 $0.00 $305.59 $54,694.86
115 $54,694.86 $342.96 $0.00 $309.25 $55,347.07
116 $55,347.07 $342.96 $0.00 $312.94 $56,002.97
117 $56,002.97 $342.96 $0.00 $316.65 $56,662.58
118 $56,662.58 $342.96 $0.00 $320.38 $57,325.92
119 $57,325.92 $342.96 $0.00 $324.13 $57,993.01
120 $57,993.01 $342.96 $0.00 $327.90 $58,663.87
121 $58,663.87 $342.96 $0.00 $331.69 $59,338.52
122 $59,338.52 $342.96 $0.00 $335.51 $60,016.99
123 $60,016.99 $342.96 $0.00 $339.34 $60,699.29
124 $60,699.29 $342.96 $0.00 $343.20 $61,385.45
125 $61,385.45 $342.96 $0.00 $347.08 $62,075.49
126 $62,075.49 $342.96 $0.00 $350.98 $62,769.43
127 $62,769.43 $342.96 $0.00 $354.91 $63,467.30
128 $63,467.30 $342.96 $0.00 $358.85 $64,169.11
129 $64,169.11 $342.96 $0.00 $362.82 $64,874.89
130 $64,874.89 $342.96 $0.00 $366.81 $65,584.66
131 $65,584.66 $342.96 $0.00 $370.83 $66,298.45
132 $66,298.45 $342.96 $0.00 $374.86 $67,016.27
133 $67,016.27 $342.96 $0.00 $378.92 $67,738.15
134 $67,738.15 $342.96 $0.00 $383.00 $68,464.11
135 $68,464.11 $342.96 $0.00 $387.11 $69,194.18
136 $69,194.18 $342.96 $0.00 $391.23 $69,928.37
137 $69,928.37 $342.96 $0.00 $395.39 $70,666.72
138 $70,666.72 $342.96 $0.00 $399.56 $71,409.24
139 $71,409.24 $342.96 $0.00 $403.76 $72,155.96
140 $72,155.96 $342.96 $0.00 $407.98 $72,906.90
141 $72,906.90 $342.96 $0.00 $412.23 $73,662.09
142 $73,662.09 $342.96 $0.00 $416.50 $74,421.55
143 $74,421.55 $342.96 $0.00 $420.79 $75,185.30
144 $75,185.30 $342.96 $0.00 $425.11 $75,953.37
145 $75,953.37 $342.96 $0.00 $429.45 $76,725.78
146 $76,725.78 $342.96 $0.00 $433.82 $77,502.56
147 $77,502.56 $342.96 $0.00 $438.21 $78,283.73
148 $78,283.73 $342.96 $0.00 $442.63 $79,069.32
149 $79,069.32 $342.96 $0.00 $447.07 $79,859.35
150 $79,859.35 $342.96 $0.00 $451.54 $80,653.85
151 $80,653.85 $342.96 $0.00 $456.03 $81,452.84
152 $81,452.84 $342.96 $0.00 $460.55 $82,256.35
153 $82,256.35 $342.96 $0.00 $465.09 $83,064.40
154 $83,064.40 $342.96 $0.00 $469.66 $83,877.02
155 $83,877.02 $342.96 $0.00 $474.25 $84,694.23
156 $84,694.23 $342.96 $0.00 $478.87 $85,516.06
157 $85,516.06 $342.96 $0.00 $483.52 $86,342.54
158 $86,342.54 $342.96 $0.00 $488.19 $87,173.69
159 $87,173.69 $342.96 $0.00 $492.89 $88,009.54
160 $88,009.54 $342.96 $0.00 $497.62 $88,850.12
161 $88,850.12 $342.96 $0.00 $502.37 $89,695.45
162 $89,695.45 $342.96 $0.00 $507.15 $90,545.56
163 $90,545.56 $342.96 $0.00 $511.96 $91,400.48
164 $91,400.48 $342.96 $0.00 $516.79 $92,260.23
165 $92,260.23 $342.96 $0.00 $521.65 $93,124.84
166 $93,124.84 $342.96 $0.00 $526.54 $93,994.34
167 $93,994.34 $342.96 $0.00 $531.46 $94,868.76
168 $94,868.76 $342.96 $0.00 $536.40 $95,748.12
169 $95,748.12 $342.96 $0.00 $541.37 $96,632.45
170 $96,632.45 $342.96 $0.00 $546.37 $97,521.78
171 $97,521.78 $342.96 $0.00 $551.40 $98,416.14
172 $98,416.14 $342.96 $0.00 $556.46 $99,315.56
173 $99,315.56 $342.96 $0.00 $561.54 $100,220.06
174 $100,220.06 $342.96 $0.00 $566.66 $101,129.68
175 $101,129.68 $342.96 $0.00 $571.80 $102,044.44
176 $102,044.44 $342.96 $0.00 $576.97 $102,964.37
177 $102,964.37 $342.96 $0.00 $582.18 $103,889.51
178 $103,889.51 $342.96 $0.00 $587.41 $104,819.88
179 $104,819.88 $342.96 $0.00 $592.67 $105,755.51
180 $105,755.51 $342.96 $0.00 $597.96 $106,696.43
181 $106,696.43 $342.96 $0.00 $603.28 $107,642.67
182 $107,642.67 $342.96 $0.00 $608.63 $108,594.26
183 $108,594.26 $342.96 $0.00 $614.01 $109,551.23
184 $109,551.23 $342.96 $0.00 $619.42 $110,513.61
185 $110,513.61 $342.96 $0.00 $624.86 $111,481.43
186 $111,481.43 $342.96 $0.00 $630.33 $112,454.72
187 $112,454.72 $342.96 $0.00 $635.84 $113,433.52
188 $113,433.52 $342.96 $0.00 $641.37 $114,417.85
189 $114,417.85 $342.96 $0.00 $646.94 $115,407.75
190 $115,407.75 $342.96 $0.00 $652.53 $116,403.24
191 $116,403.24 $342.96 $0.00 $658.16 $117,404.36
192 $117,404.36 $342.96 $0.00 $663.82 $118,411.14
193 $118,411.14 $342.96 $0.00 $669.51 $119,423.61
194 $119,423.61 $342.96 $0.00 $675.24 $120,441.81
195 $120,441.81 $342.96 $0.00 $681.00 $121,465.77
196 $121,465.77 $342.96 $0.00 $686.79 $122,495.52
197 $122,495.52 $342.96 $0.00 $692.61 $123,531.09
198 $123,531.09 $342.96 $0.00 $698.46 $124,572.51
199 $124,572.51 $342.96 $0.00 $704.35 $125,619.82
200 $125,619.82 $342.96 $0.00 $710.27 $126,673.05
201 $126,673.05 $342.96 $0.00 $716.23 $127,732.24
202 $127,732.24 $342.96 $0.00 $722.22 $128,797.42
203 $128,797.42 $342.96 $0.00 $728.24 $129,868.62
204 $129,868.62 $342.96 $0.00 $734.30 $130,945.88
205 $130,945.88 $342.96 $0.00 $740.39 $132,029.23
206 $132,029.23 $342.96 $0.00 $746.51 $133,118.70
207 $133,118.70 $342.96 $0.00 $752.67 $134,214.33
208 $134,214.33 $342.96 $0.00 $758.87 $135,316.16
209 $135,316.16 $342.96 $0.00 $765.10 $136,424.22
210 $136,424.22 $342.96 $0.00 $771.36 $137,538.54
211 $137,538.54 $342.96 $0.00 $777.66 $138,659.16
212 $138,659.16 $342.96 $0.00 $784.00 $139,786.12
213 $139,786.12 $342.96 $0.00 $790.37 $140,919.45
214 $140,919.45 $342.96 $0.00 $796.78 $142,059.19
215 $142,059.19 $342.96 $0.00 $803.22 $143,205.37
216 $143,205.37 $342.96 $0.00 $809.70 $144,358.03
217 $144,358.03 $342.96 $75,286.27 $816.22 $70,230.94
218 $70,230.94 $342.96 $0.00 $397.10 $70,971.00
219 $70,971.00 $342.96 $0.00 $401.28 $71,715.24
220 $71,715.24 $342.96 $0.00 $405.49 $72,463.69
221 $72,463.69 $342.96 $0.00 $409.72 $73,216.37
222 $73,216.37 $342.96 $0.00 $413.98 $73,973.31
223 $73,973.31 $342.96 $0.00 $418.26 $74,734.53
224 $74,734.53 $342.96 $0.00 $422.56 $75,500.05
225 $75,500.05 $342.96 $0.00 $426.89 $76,269.90
226 $76,269.90 $342.96 $0.00 $431.24 $77,044.10
227 $77,044.10 $342.96 $0.00 $435.62 $77,822.68
228 $77,822.68 $342.96 $0.00 $440.02 $78,605.66
229 $78,605.66 $0.00 $79,050.58 $444.45 ($0.47)