Savings Plan and Future Cost Estimation for Indiana University Northwest

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$53,838
Monthly savings required$426

How much will it cost to send your child to Indiana University Northwest in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $215,350.32 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $426.17 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$20,761.00
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 $426.17 $0.00 $0.00 $426.17
2 $426.17 $426.17 $0.00 $2.41 $854.75
3 $854.75 $426.17 $0.00 $4.83 $1,285.75
4 $1,285.75 $426.17 $0.00 $7.27 $1,719.19
5 $1,719.19 $426.17 $0.00 $9.72 $2,155.08
6 $2,155.08 $426.17 $0.00 $12.19 $2,593.44
7 $2,593.44 $426.17 $0.00 $14.66 $3,034.27
8 $3,034.27 $426.17 $0.00 $17.16 $3,477.60
9 $3,477.60 $426.17 $0.00 $19.66 $3,923.43
10 $3,923.43 $426.17 $0.00 $22.18 $4,371.78
11 $4,371.78 $426.17 $0.00 $24.72 $4,822.67
12 $4,822.67 $426.17 $0.00 $27.27 $5,276.11
13 $5,276.11 $426.17 $0.00 $29.83 $5,732.11
14 $5,732.11 $426.17 $0.00 $32.41 $6,190.69
15 $6,190.69 $426.17 $0.00 $35.00 $6,651.86
16 $6,651.86 $426.17 $0.00 $37.61 $7,115.64
17 $7,115.64 $426.17 $0.00 $40.23 $7,582.04
18 $7,582.04 $426.17 $0.00 $42.87 $8,051.08
19 $8,051.08 $426.17 $0.00 $45.52 $8,522.77
20 $8,522.77 $426.17 $0.00 $48.19 $8,997.13
21 $8,997.13 $426.17 $0.00 $50.87 $9,474.17
22 $9,474.17 $426.17 $0.00 $53.57 $9,953.91
23 $9,953.91 $426.17 $0.00 $56.28 $10,436.36
24 $10,436.36 $426.17 $0.00 $59.01 $10,921.54
25 $10,921.54 $426.17 $0.00 $61.75 $11,409.46
26 $11,409.46 $426.17 $0.00 $64.51 $11,900.14
27 $11,900.14 $426.17 $0.00 $67.29 $12,393.60
28 $12,393.60 $426.17 $0.00 $70.08 $12,889.85
29 $12,889.85 $426.17 $0.00 $72.88 $13,388.90
30 $13,388.90 $426.17 $0.00 $75.70 $13,890.77
31 $13,890.77 $426.17 $0.00 $78.54 $14,395.48
32 $14,395.48 $426.17 $0.00 $81.39 $14,903.04
33 $14,903.04 $426.17 $0.00 $84.26 $15,413.47
34 $15,413.47 $426.17 $0.00 $87.15 $15,926.79
35 $15,926.79 $426.17 $0.00 $90.05 $16,443.01
36 $16,443.01 $426.17 $0.00 $92.97 $16,962.15
37 $16,962.15 $426.17 $0.00 $95.91 $17,484.23
38 $17,484.23 $426.17 $0.00 $98.86 $18,009.26
39 $18,009.26 $426.17 $0.00 $101.83 $18,537.26
40 $18,537.26 $426.17 $0.00 $104.81 $19,068.24
41 $19,068.24 $426.17 $0.00 $107.81 $19,602.22
42 $19,602.22 $426.17 $0.00 $110.83 $20,139.22
43 $20,139.22 $426.17 $0.00 $113.87 $20,679.26
44 $20,679.26 $426.17 $0.00 $116.92 $21,222.35
45 $21,222.35 $426.17 $0.00 $119.99 $21,768.51
46 $21,768.51 $426.17 $0.00 $123.08 $22,317.76
47 $22,317.76 $426.17 $0.00 $126.19 $22,870.12
48 $22,870.12 $426.17 $0.00 $129.31 $23,425.60
49 $23,425.60 $426.17 $0.00 $132.45 $23,984.22
50 $23,984.22 $426.17 $0.00 $135.61 $24,546.00
51 $24,546.00 $426.17 $0.00 $138.79 $25,110.96
52 $25,110.96 $426.17 $0.00 $141.98 $25,679.11
53 $25,679.11 $426.17 $0.00 $145.19 $26,250.47
54 $26,250.47 $426.17 $0.00 $148.42 $26,825.06
55 $26,825.06 $426.17 $0.00 $151.67 $27,402.90
56 $27,402.90 $426.17 $0.00 $154.94 $27,984.01
57 $27,984.01 $426.17 $0.00 $158.23 $28,568.41
58 $28,568.41 $426.17 $0.00 $161.53 $29,156.11
59 $29,156.11 $426.17 $0.00 $164.85 $29,747.13
60 $29,747.13 $426.17 $0.00 $168.19 $30,341.49
61 $30,341.49 $426.17 $0.00 $171.56 $30,939.22
62 $30,939.22 $426.17 $0.00 $174.93 $31,540.32
63 $31,540.32 $426.17 $0.00 $178.33 $32,144.82
64 $32,144.82 $426.17 $0.00 $181.75 $32,752.74
65 $32,752.74 $426.17 $0.00 $185.19 $33,364.10
66 $33,364.10 $426.17 $0.00 $188.65 $33,978.92
67 $33,978.92 $426.17 $0.00 $192.12 $34,597.21
68 $34,597.21 $426.17 $0.00 $195.62 $35,219.00
69 $35,219.00 $426.17 $0.00 $199.13 $35,844.30
70 $35,844.30 $426.17 $0.00 $202.67 $36,473.14
71 $36,473.14 $426.17 $0.00 $206.22 $37,105.53
72 $37,105.53 $426.17 $0.00 $209.80 $37,741.50
73 $37,741.50 $426.17 $0.00 $213.40 $38,381.07
74 $38,381.07 $426.17 $0.00 $217.01 $39,024.25
75 $39,024.25 $426.17 $0.00 $220.65 $39,671.07
76 $39,671.07 $426.17 $0.00 $224.31 $40,321.55
77 $40,321.55 $426.17 $0.00 $227.98 $40,975.70
78 $40,975.70 $426.17 $0.00 $231.68 $41,633.55
79 $41,633.55 $426.17 $0.00 $235.40 $42,295.12
80 $42,295.12 $426.17 $0.00 $239.14 $42,960.43
81 $42,960.43 $426.17 $0.00 $242.90 $43,629.50
82 $43,629.50 $426.17 $0.00 $246.69 $44,302.36
83 $44,302.36 $426.17 $0.00 $250.49 $44,979.02
84 $44,979.02 $426.17 $0.00 $254.32 $45,659.51
85 $45,659.51 $426.17 $0.00 $258.17 $46,343.85
86 $46,343.85 $426.17 $0.00 $262.03 $47,032.05
87 $47,032.05 $426.17 $0.00 $265.93 $47,724.15
88 $47,724.15 $426.17 $0.00 $269.84 $48,420.16
89 $48,420.16 $426.17 $0.00 $273.77 $49,120.10
90 $49,120.10 $426.17 $0.00 $277.73 $49,824.00
91 $49,824.00 $426.17 $0.00 $281.71 $50,531.88
92 $50,531.88 $426.17 $0.00 $285.71 $51,243.76
93 $51,243.76 $426.17 $0.00 $289.74 $51,959.67
94 $51,959.67 $426.17 $0.00 $293.79 $52,679.63
95 $52,679.63 $426.17 $0.00 $297.86 $53,403.66
96 $53,403.66 $426.17 $0.00 $301.95 $54,131.78
97 $54,131.78 $426.17 $0.00 $306.07 $54,864.02
98 $54,864.02 $426.17 $0.00 $310.21 $55,600.40
99 $55,600.40 $426.17 $0.00 $314.37 $56,340.94
100 $56,340.94 $426.17 $0.00 $318.56 $57,085.67
101 $57,085.67 $426.17 $0.00 $322.77 $57,834.61
102 $57,834.61 $426.17 $0.00 $327.01 $58,587.79
103 $58,587.79 $426.17 $0.00 $331.26 $59,345.22
104 $59,345.22 $426.17 $0.00 $335.55 $60,106.94
105 $60,106.94 $426.17 $0.00 $339.85 $60,872.96
106 $60,872.96 $426.17 $0.00 $344.18 $61,643.31
107 $61,643.31 $426.17 $0.00 $348.54 $62,418.02
108 $62,418.02 $426.17 $0.00 $352.92 $63,197.11
109 $63,197.11 $426.17 $0.00 $357.33 $63,980.61
110 $63,980.61 $426.17 $0.00 $361.76 $64,768.54
111 $64,768.54 $426.17 $0.00 $366.21 $65,560.92
112 $65,560.92 $426.17 $0.00 $370.69 $66,357.78
113 $66,357.78 $426.17 $0.00 $375.20 $67,159.15
114 $67,159.15 $426.17 $0.00 $379.73 $67,965.05
115 $67,965.05 $426.17 $0.00 $384.28 $68,775.50
116 $68,775.50 $426.17 $0.00 $388.87 $69,590.54
117 $69,590.54 $426.17 $0.00 $393.48 $70,410.19
118 $70,410.19 $426.17 $0.00 $398.11 $71,234.47
119 $71,234.47 $426.17 $0.00 $402.77 $72,063.41
120 $72,063.41 $426.17 $0.00 $407.46 $72,897.04
121 $72,897.04 $426.17 $0.00 $412.17 $73,735.38
122 $73,735.38 $426.17 $0.00 $416.91 $74,578.46
123 $74,578.46 $426.17 $0.00 $421.68 $75,426.31
124 $75,426.31 $426.17 $0.00 $426.47 $76,278.95
125 $76,278.95 $426.17 $0.00 $431.29 $77,136.41
126 $77,136.41 $426.17 $0.00 $436.14 $77,998.72
127 $77,998.72 $426.17 $0.00 $441.02 $78,865.91
128 $78,865.91 $426.17 $0.00 $445.92 $79,738.00
129 $79,738.00 $426.17 $0.00 $450.85 $80,615.02
130 $80,615.02 $426.17 $0.00 $455.81 $81,497.00
131 $81,497.00 $426.17 $0.00 $460.80 $82,383.97
132 $82,383.97 $426.17 $0.00 $465.81 $83,275.95
133 $83,275.95 $426.17 $0.00 $470.85 $84,172.97
134 $84,172.97 $426.17 $0.00 $475.93 $85,075.07
135 $85,075.07 $426.17 $0.00 $481.03 $85,982.27
136 $85,982.27 $426.17 $0.00 $486.16 $86,894.60
137 $86,894.60 $426.17 $0.00 $491.31 $87,812.08
138 $87,812.08 $426.17 $0.00 $496.50 $88,734.75
139 $88,734.75 $426.17 $0.00 $501.72 $89,662.64
140 $89,662.64 $426.17 $0.00 $506.97 $90,595.78
141 $90,595.78 $426.17 $0.00 $512.24 $91,534.19
142 $91,534.19 $426.17 $0.00 $517.55 $92,477.91
143 $92,477.91 $426.17 $0.00 $522.88 $93,426.96
144 $93,426.96 $426.17 $0.00 $528.25 $94,381.38
145 $94,381.38 $426.17 $0.00 $533.65 $95,341.20
146 $95,341.20 $426.17 $0.00 $539.07 $96,306.44
147 $96,306.44 $426.17 $0.00 $544.53 $97,277.14
148 $97,277.14 $426.17 $0.00 $550.02 $98,253.33
149 $98,253.33 $426.17 $0.00 $555.54 $99,235.04
150 $99,235.04 $426.17 $0.00 $561.09 $100,222.30
151 $100,222.30 $426.17 $0.00 $566.67 $101,215.14
152 $101,215.14 $426.17 $0.00 $572.29 $102,213.60
153 $102,213.60 $426.17 $0.00 $577.93 $103,217.70
154 $103,217.70 $426.17 $0.00 $583.61 $104,227.48
155 $104,227.48 $426.17 $0.00 $589.32 $105,242.97
156 $105,242.97 $426.17 $0.00 $595.06 $106,264.20
157 $106,264.20 $426.17 $0.00 $600.83 $107,291.20
158 $107,291.20 $426.17 $0.00 $606.64 $108,324.01
159 $108,324.01 $426.17 $0.00 $612.48 $109,362.66
160 $109,362.66 $426.17 $0.00 $618.35 $110,407.18
161 $110,407.18 $426.17 $0.00 $624.26 $111,457.61
162 $111,457.61 $426.17 $0.00 $630.20 $112,513.98
163 $112,513.98 $426.17 $0.00 $636.17 $113,576.32
164 $113,576.32 $426.17 $0.00 $642.18 $114,644.67
165 $114,644.67 $426.17 $0.00 $648.22 $115,719.06
166 $115,719.06 $426.17 $0.00 $654.29 $116,799.52
167 $116,799.52 $426.17 $0.00 $660.40 $117,886.09
168 $117,886.09 $426.17 $0.00 $666.55 $118,978.81
169 $118,978.81 $426.17 $0.00 $672.72 $120,077.70
170 $120,077.70 $426.17 $0.00 $678.94 $121,182.81
171 $121,182.81 $426.17 $0.00 $685.19 $122,294.17
172 $122,294.17 $426.17 $0.00 $691.47 $123,411.81
173 $123,411.81 $426.17 $0.00 $697.79 $124,535.77
174 $124,535.77 $426.17 $0.00 $704.14 $125,666.08
175 $125,666.08 $426.17 $0.00 $710.53 $126,802.78
176 $126,802.78 $426.17 $0.00 $716.96 $127,945.91
177 $127,945.91 $426.17 $0.00 $723.42 $129,095.50
178 $129,095.50 $426.17 $0.00 $729.92 $130,251.59
179 $130,251.59 $426.17 $0.00 $736.46 $131,414.22
180 $131,414.22 $426.17 $0.00 $743.04 $132,583.43
181 $132,583.43 $426.17 $0.00 $749.65 $133,759.25
182 $133,759.25 $426.17 $0.00 $756.29 $134,941.71
183 $134,941.71 $426.17 $0.00 $762.98 $136,130.86
184 $136,130.86 $426.17 $0.00 $769.70 $137,326.73
185 $137,326.73 $426.17 $0.00 $776.47 $138,529.37
186 $138,529.37 $426.17 $0.00 $783.27 $139,738.81
187 $139,738.81 $426.17 $0.00 $790.10 $140,955.08
188 $140,955.08 $426.17 $0.00 $796.98 $142,178.23
189 $142,178.23 $426.17 $0.00 $803.90 $143,408.30
190 $143,408.30 $426.17 $0.00 $810.85 $144,645.32
191 $144,645.32 $426.17 $0.00 $817.85 $145,889.34
192 $145,889.34 $426.17 $0.00 $824.88 $147,140.39
193 $147,140.39 $426.17 $0.00 $831.95 $148,398.51
194 $148,398.51 $426.17 $0.00 $839.07 $149,663.75
195 $149,663.75 $426.17 $0.00 $846.22 $150,936.14
196 $150,936.14 $426.17 $0.00 $853.41 $152,215.72
197 $152,215.72 $426.17 $0.00 $860.65 $153,502.54
198 $153,502.54 $426.17 $0.00 $867.93 $154,796.64
199 $154,796.64 $426.17 $0.00 $875.24 $156,098.05
200 $156,098.05 $426.17 $0.00 $882.60 $157,406.82
201 $157,406.82 $426.17 $0.00 $890.00 $158,722.99
202 $158,722.99 $426.17 $0.00 $897.44 $160,046.60
203 $160,046.60 $426.17 $0.00 $904.93 $161,377.70
204 $161,377.70 $426.17 $0.00 $912.45 $162,716.32
205 $162,716.32 $426.17 $0.00 $920.02 $164,062.51
206 $164,062.51 $426.17 $0.00 $927.63 $165,416.31
207 $165,416.31 $426.17 $0.00 $935.29 $166,777.77
208 $166,777.77 $426.17 $0.00 $942.99 $168,146.93
209 $168,146.93 $426.17 $0.00 $950.73 $169,523.83
210 $169,523.83 $426.17 $0.00 $958.51 $170,908.51
211 $170,908.51 $426.17 $0.00 $966.34 $172,301.02
212 $172,301.02 $426.17 $0.00 $974.22 $173,701.41
213 $173,701.41 $426.17 $0.00 $982.13 $175,109.71
214 $175,109.71 $426.17 $0.00 $990.10 $176,525.98
215 $176,525.98 $426.17 $0.00 $998.10 $177,950.25
216 $177,950.25 $426.17 $0.00 $1,006.16 $179,382.58
217 $179,382.58 $426.17 $49,963.82 $1,014.26 $130,859.19
218 $130,859.19 $426.17 $0.00 $739.90 $132,025.26
219 $132,025.26 $426.17 $0.00 $746.49 $133,197.92
220 $133,197.92 $426.17 $0.00 $753.12 $134,377.21
221 $134,377.21 $426.17 $0.00 $759.79 $135,563.17
222 $135,563.17 $426.17 $0.00 $766.49 $136,755.83
223 $136,755.83 $426.17 $0.00 $773.24 $137,955.24
224 $137,955.24 $426.17 $0.00 $780.02 $139,161.43
225 $139,161.43 $426.17 $0.00 $786.84 $140,374.44
226 $140,374.44 $426.17 $0.00 $793.70 $141,594.31
227 $141,594.31 $426.17 $0.00 $800.59 $142,821.07
228 $142,821.07 $426.17 $0.00 $807.53 $144,054.77
229 $144,054.77 $426.17 $52,462.01 $814.51 $92,833.44
230 $92,833.44 $426.17 $0.00 $524.89 $93,784.50
231 $93,784.50 $426.17 $0.00 $530.27 $94,740.94
232 $94,740.94 $426.17 $0.00 $535.68 $95,702.79
233 $95,702.79 $426.17 $0.00 $541.12 $96,670.08
234 $96,670.08 $426.17 $0.00 $546.59 $97,642.84
235 $97,642.84 $426.17 $0.00 $552.09 $98,621.10
236 $98,621.10 $426.17 $0.00 $557.62 $99,604.89
237 $99,604.89 $426.17 $0.00 $563.18 $100,594.24
238 $100,594.24 $426.17 $0.00 $568.77 $101,589.18
239 $101,589.18 $426.17 $0.00 $574.40 $102,589.75
240 $102,589.75 $426.17 $0.00 $580.06 $103,595.98
241 $103,595.98 $426.17 $55,085.11 $585.75 $49,522.79
242 $49,522.79 $426.17 $0.00 $280.01 $50,228.97
243 $50,228.97 $426.17 $0.00 $284.00 $50,939.14
244 $50,939.14 $426.17 $0.00 $288.02 $51,653.33
245 $51,653.33 $426.17 $0.00 $292.06 $52,371.56
246 $52,371.56 $426.17 $0.00 $296.12 $53,093.85
247 $53,093.85 $426.17 $0.00 $300.20 $53,820.22
248 $53,820.22 $426.17 $0.00 $304.31 $54,550.70
249 $54,550.70 $426.17 $0.00 $308.44 $55,285.31
250 $55,285.31 $426.17 $0.00 $312.59 $56,024.07
251 $56,024.07 $426.17 $0.00 $316.77 $56,767.01
252 $56,767.01 $426.17 $0.00 $320.97 $57,514.15
253 $57,514.15 $0.00 $57,839.37 $325.19 ($0.03)