Savings Plan and Future Cost Estimation for Northwest Iowa Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$69,125
Monthly savings required$307

How much will it cost to send your child to Northwest Iowa Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $138,250.05 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $307.12 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$19,760.00
Years until enrollment18
Annual Tuition Increase7%
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 $307.12 $0.00 $0.00 $307.12
2 $307.12 $307.12 $0.00 $1.74 $615.98
3 $615.98 $307.12 $0.00 $3.48 $926.58
4 $926.58 $307.12 $0.00 $5.24 $1,238.94
5 $1,238.94 $307.12 $0.00 $7.01 $1,553.07
6 $1,553.07 $307.12 $0.00 $8.78 $1,868.97
7 $1,868.97 $307.12 $0.00 $10.57 $2,186.66
8 $2,186.66 $307.12 $0.00 $12.36 $2,506.14
9 $2,506.14 $307.12 $0.00 $14.17 $2,827.43
10 $2,827.43 $307.12 $0.00 $15.99 $3,150.54
11 $3,150.54 $307.12 $0.00 $17.81 $3,475.47
12 $3,475.47 $307.12 $0.00 $19.65 $3,802.24
13 $3,802.24 $307.12 $0.00 $21.50 $4,130.86
14 $4,130.86 $307.12 $0.00 $23.36 $4,461.34
15 $4,461.34 $307.12 $0.00 $25.23 $4,793.69
16 $4,793.69 $307.12 $0.00 $27.10 $5,127.91
17 $5,127.91 $307.12 $0.00 $28.99 $5,464.02
18 $5,464.02 $307.12 $0.00 $30.89 $5,802.03
19 $5,802.03 $307.12 $0.00 $32.81 $6,141.96
20 $6,141.96 $307.12 $0.00 $34.73 $6,483.81
21 $6,483.81 $307.12 $0.00 $36.66 $6,827.59
22 $6,827.59 $307.12 $0.00 $38.60 $7,173.31
23 $7,173.31 $307.12 $0.00 $40.56 $7,520.99
24 $7,520.99 $307.12 $0.00 $42.52 $7,870.63
25 $7,870.63 $307.12 $0.00 $44.50 $8,222.25
26 $8,222.25 $307.12 $0.00 $46.49 $8,575.86
27 $8,575.86 $307.12 $0.00 $48.49 $8,931.47
28 $8,931.47 $307.12 $0.00 $50.50 $9,289.09
29 $9,289.09 $307.12 $0.00 $52.52 $9,648.73
30 $9,648.73 $307.12 $0.00 $54.56 $10,010.41
31 $10,010.41 $307.12 $0.00 $56.60 $10,374.13
32 $10,374.13 $307.12 $0.00 $58.66 $10,739.91
33 $10,739.91 $307.12 $0.00 $60.73 $11,107.76
34 $11,107.76 $307.12 $0.00 $62.80 $11,477.68
35 $11,477.68 $307.12 $0.00 $64.90 $11,849.70
36 $11,849.70 $307.12 $0.00 $67.00 $12,223.82
37 $12,223.82 $307.12 $0.00 $69.12 $12,600.06
38 $12,600.06 $307.12 $0.00 $71.24 $12,978.42
39 $12,978.42 $307.12 $0.00 $73.38 $13,358.92
40 $13,358.92 $307.12 $0.00 $75.53 $13,741.57
41 $13,741.57 $307.12 $0.00 $77.70 $14,126.39
42 $14,126.39 $307.12 $0.00 $79.87 $14,513.38
43 $14,513.38 $307.12 $0.00 $82.06 $14,902.56
44 $14,902.56 $307.12 $0.00 $84.26 $15,293.94
45 $15,293.94 $307.12 $0.00 $86.47 $15,687.53
46 $15,687.53 $307.12 $0.00 $88.70 $16,083.35
47 $16,083.35 $307.12 $0.00 $90.94 $16,481.41
48 $16,481.41 $307.12 $0.00 $93.19 $16,881.72
49 $16,881.72 $307.12 $0.00 $95.45 $17,284.29
50 $17,284.29 $307.12 $0.00 $97.73 $17,689.14
51 $17,689.14 $307.12 $0.00 $100.02 $18,096.28
52 $18,096.28 $307.12 $0.00 $102.32 $18,505.72
53 $18,505.72 $307.12 $0.00 $104.63 $18,917.47
54 $18,917.47 $307.12 $0.00 $106.96 $19,331.55
55 $19,331.55 $307.12 $0.00 $109.30 $19,747.97
56 $19,747.97 $307.12 $0.00 $111.66 $20,166.75
57 $20,166.75 $307.12 $0.00 $114.03 $20,587.90
58 $20,587.90 $307.12 $0.00 $116.41 $21,011.43
59 $21,011.43 $307.12 $0.00 $118.80 $21,437.35
60 $21,437.35 $307.12 $0.00 $121.21 $21,865.68
61 $21,865.68 $307.12 $0.00 $123.63 $22,296.43
62 $22,296.43 $307.12 $0.00 $126.07 $22,729.62
63 $22,729.62 $307.12 $0.00 $128.52 $23,165.26
64 $23,165.26 $307.12 $0.00 $130.98 $23,603.36
65 $23,603.36 $307.12 $0.00 $133.46 $24,043.94
66 $24,043.94 $307.12 $0.00 $135.95 $24,487.01
67 $24,487.01 $307.12 $0.00 $138.45 $24,932.58
68 $24,932.58 $307.12 $0.00 $140.97 $25,380.67
69 $25,380.67 $307.12 $0.00 $143.51 $25,831.30
70 $25,831.30 $307.12 $0.00 $146.05 $26,284.47
71 $26,284.47 $307.12 $0.00 $148.62 $26,740.21
72 $26,740.21 $307.12 $0.00 $151.19 $27,198.52
73 $27,198.52 $307.12 $0.00 $153.78 $27,659.42
74 $27,659.42 $307.12 $0.00 $156.39 $28,122.93
75 $28,122.93 $307.12 $0.00 $159.01 $28,589.06
76 $28,589.06 $307.12 $0.00 $161.65 $29,057.83
77 $29,057.83 $307.12 $0.00 $164.30 $29,529.25
78 $29,529.25 $307.12 $0.00 $166.96 $30,003.33
79 $30,003.33 $307.12 $0.00 $169.64 $30,480.09
80 $30,480.09 $307.12 $0.00 $172.34 $30,959.55
81 $30,959.55 $307.12 $0.00 $175.05 $31,441.72
82 $31,441.72 $307.12 $0.00 $177.78 $31,926.62
83 $31,926.62 $307.12 $0.00 $180.52 $32,414.26
84 $32,414.26 $307.12 $0.00 $183.27 $32,904.65
85 $32,904.65 $307.12 $0.00 $186.05 $33,397.82
86 $33,397.82 $307.12 $0.00 $188.84 $33,893.78
87 $33,893.78 $307.12 $0.00 $191.64 $34,392.54
88 $34,392.54 $307.12 $0.00 $194.46 $34,894.12
89 $34,894.12 $307.12 $0.00 $197.30 $35,398.54
90 $35,398.54 $307.12 $0.00 $200.15 $35,905.81
91 $35,905.81 $307.12 $0.00 $203.02 $36,415.95
92 $36,415.95 $307.12 $0.00 $205.90 $36,928.97
93 $36,928.97 $307.12 $0.00 $208.80 $37,444.89
94 $37,444.89 $307.12 $0.00 $211.72 $37,963.73
95 $37,963.73 $307.12 $0.00 $214.65 $38,485.50
96 $38,485.50 $307.12 $0.00 $217.60 $39,010.22
97 $39,010.22 $307.12 $0.00 $220.57 $39,537.91
98 $39,537.91 $307.12 $0.00 $223.55 $40,068.58
99 $40,068.58 $307.12 $0.00 $226.55 $40,602.25
100 $40,602.25 $307.12 $0.00 $229.57 $41,138.94
101 $41,138.94 $307.12 $0.00 $232.61 $41,678.67
102 $41,678.67 $307.12 $0.00 $235.66 $42,221.45
103 $42,221.45 $307.12 $0.00 $238.73 $42,767.30
104 $42,767.30 $307.12 $0.00 $241.81 $43,316.23
105 $43,316.23 $307.12 $0.00 $244.92 $43,868.27
106 $43,868.27 $307.12 $0.00 $248.04 $44,423.43
107 $44,423.43 $307.12 $0.00 $251.18 $44,981.73
108 $44,981.73 $307.12 $0.00 $254.33 $45,543.18
109 $45,543.18 $307.12 $0.00 $257.51 $46,107.81
110 $46,107.81 $307.12 $0.00 $260.70 $46,675.63
111 $46,675.63 $307.12 $0.00 $263.91 $47,246.66
112 $47,246.66 $307.12 $0.00 $267.14 $47,820.92
113 $47,820.92 $307.12 $0.00 $270.39 $48,398.43
114 $48,398.43 $307.12 $0.00 $273.65 $48,979.20
115 $48,979.20 $307.12 $0.00 $276.94 $49,563.26
116 $49,563.26 $307.12 $0.00 $280.24 $50,150.62
117 $50,150.62 $307.12 $0.00 $283.56 $50,741.30
118 $50,741.30 $307.12 $0.00 $286.90 $51,335.32
119 $51,335.32 $307.12 $0.00 $290.26 $51,932.70
120 $51,932.70 $307.12 $0.00 $293.64 $52,533.46
121 $52,533.46 $307.12 $0.00 $297.03 $53,137.61
122 $53,137.61 $307.12 $0.00 $300.45 $53,745.18
123 $53,745.18 $307.12 $0.00 $303.88 $54,356.18
124 $54,356.18 $307.12 $0.00 $307.34 $54,970.64
125 $54,970.64 $307.12 $0.00 $310.81 $55,588.57
126 $55,588.57 $307.12 $0.00 $314.31 $56,210.00
127 $56,210.00 $307.12 $0.00 $317.82 $56,834.94
128 $56,834.94 $307.12 $0.00 $321.35 $57,463.41
129 $57,463.41 $307.12 $0.00 $324.91 $58,095.44
130 $58,095.44 $307.12 $0.00 $328.48 $58,731.04
131 $58,731.04 $307.12 $0.00 $332.07 $59,370.23
132 $59,370.23 $307.12 $0.00 $335.69 $60,013.04
133 $60,013.04 $307.12 $0.00 $339.32 $60,659.48
134 $60,659.48 $307.12 $0.00 $342.98 $61,309.58
135 $61,309.58 $307.12 $0.00 $346.65 $61,963.35
136 $61,963.35 $307.12 $0.00 $350.35 $62,620.82
137 $62,620.82 $307.12 $0.00 $354.07 $63,282.01
138 $63,282.01 $307.12 $0.00 $357.81 $63,946.94
139 $63,946.94 $307.12 $0.00 $361.57 $64,615.63
140 $64,615.63 $307.12 $0.00 $365.35 $65,288.10
141 $65,288.10 $307.12 $0.00 $369.15 $65,964.37
142 $65,964.37 $307.12 $0.00 $372.97 $66,644.46
143 $66,644.46 $307.12 $0.00 $376.82 $67,328.40
144 $67,328.40 $307.12 $0.00 $380.68 $68,016.20
145 $68,016.20 $307.12 $0.00 $384.57 $68,707.89
146 $68,707.89 $307.12 $0.00 $388.48 $69,403.49
147 $69,403.49 $307.12 $0.00 $392.42 $70,103.03
148 $70,103.03 $307.12 $0.00 $396.37 $70,806.52
149 $70,806.52 $307.12 $0.00 $400.35 $71,513.99
150 $71,513.99 $307.12 $0.00 $404.35 $72,225.46
151 $72,225.46 $307.12 $0.00 $408.37 $72,940.95
152 $72,940.95 $307.12 $0.00 $412.42 $73,660.49
153 $73,660.49 $307.12 $0.00 $416.49 $74,384.10
154 $74,384.10 $307.12 $0.00 $420.58 $75,111.80
155 $75,111.80 $307.12 $0.00 $424.69 $75,843.61
156 $75,843.61 $307.12 $0.00 $428.83 $76,579.56
157 $76,579.56 $307.12 $0.00 $432.99 $77,319.67
158 $77,319.67 $307.12 $0.00 $437.18 $78,063.97
159 $78,063.97 $307.12 $0.00 $441.39 $78,812.48
160 $78,812.48 $307.12 $0.00 $445.62 $79,565.22
161 $79,565.22 $307.12 $0.00 $449.87 $80,322.21
162 $80,322.21 $307.12 $0.00 $454.15 $81,083.48
163 $81,083.48 $307.12 $0.00 $458.46 $81,849.06
164 $81,849.06 $307.12 $0.00 $462.79 $82,618.97
165 $82,618.97 $307.12 $0.00 $467.14 $83,393.23
166 $83,393.23 $307.12 $0.00 $471.52 $84,171.87
167 $84,171.87 $307.12 $0.00 $475.92 $84,954.91
168 $84,954.91 $307.12 $0.00 $480.35 $85,742.38
169 $85,742.38 $307.12 $0.00 $484.80 $86,534.30
170 $86,534.30 $307.12 $0.00 $489.28 $87,330.70
171 $87,330.70 $307.12 $0.00 $493.78 $88,131.60
172 $88,131.60 $307.12 $0.00 $498.31 $88,937.03
173 $88,937.03 $307.12 $0.00 $502.86 $89,747.01
174 $89,747.01 $307.12 $0.00 $507.44 $90,561.57
175 $90,561.57 $307.12 $0.00 $512.05 $91,380.74
176 $91,380.74 $307.12 $0.00 $516.68 $92,204.54
177 $92,204.54 $307.12 $0.00 $521.34 $93,033.00
178 $93,033.00 $307.12 $0.00 $526.02 $93,866.14
179 $93,866.14 $307.12 $0.00 $530.73 $94,703.99
180 $94,703.99 $307.12 $0.00 $535.47 $95,546.58
181 $95,546.58 $307.12 $0.00 $540.23 $96,393.93
182 $96,393.93 $307.12 $0.00 $545.03 $97,246.08
183 $97,246.08 $307.12 $0.00 $549.84 $98,103.04
184 $98,103.04 $307.12 $0.00 $554.69 $98,964.85
185 $98,964.85 $307.12 $0.00 $559.56 $99,831.53
186 $99,831.53 $307.12 $0.00 $564.46 $100,703.11
187 $100,703.11 $307.12 $0.00 $569.39 $101,579.62
188 $101,579.62 $307.12 $0.00 $574.35 $102,461.09
189 $102,461.09 $307.12 $0.00 $579.33 $103,347.54
190 $103,347.54 $307.12 $0.00 $584.34 $104,239.00
191 $104,239.00 $307.12 $0.00 $589.38 $105,135.50
192 $105,135.50 $307.12 $0.00 $594.45 $106,037.07
193 $106,037.07 $307.12 $0.00 $599.55 $106,943.74
194 $106,943.74 $307.12 $0.00 $604.68 $107,855.54
195 $107,855.54 $307.12 $0.00 $609.83 $108,772.49
196 $108,772.49 $307.12 $0.00 $615.02 $109,694.63
197 $109,694.63 $307.12 $0.00 $620.23 $110,621.98
198 $110,621.98 $307.12 $0.00 $625.47 $111,554.57
199 $111,554.57 $307.12 $0.00 $630.75 $112,492.44
200 $112,492.44 $307.12 $0.00 $636.05 $113,435.61
201 $113,435.61 $307.12 $0.00 $641.38 $114,384.11
202 $114,384.11 $307.12 $0.00 $646.74 $115,337.97
203 $115,337.97 $307.12 $0.00 $652.14 $116,297.23
204 $116,297.23 $307.12 $0.00 $657.56 $117,261.91
205 $117,261.91 $307.12 $0.00 $663.02 $118,232.05
206 $118,232.05 $307.12 $0.00 $668.50 $119,207.67
207 $119,207.67 $307.12 $0.00 $674.02 $120,188.81
208 $120,188.81 $307.12 $0.00 $679.57 $121,175.50
209 $121,175.50 $307.12 $0.00 $685.14 $122,167.76
210 $122,167.76 $307.12 $0.00 $690.75 $123,165.63
211 $123,165.63 $307.12 $0.00 $696.40 $124,169.15
212 $124,169.15 $307.12 $0.00 $702.07 $125,178.34
213 $125,178.34 $307.12 $0.00 $707.78 $126,193.24
214 $126,193.24 $307.12 $0.00 $713.51 $127,213.87
215 $127,213.87 $307.12 $0.00 $719.29 $128,240.28
216 $128,240.28 $307.12 $0.00 $725.09 $129,272.49
217 $129,272.49 $307.12 $66,787.46 $730.93 $63,523.08
218 $63,523.08 $307.12 $0.00 $359.17 $64,189.37
219 $64,189.37 $307.12 $0.00 $362.94 $64,859.43
220 $64,859.43 $307.12 $0.00 $366.72 $65,533.27
221 $65,533.27 $307.12 $0.00 $370.53 $66,210.92
222 $66,210.92 $307.12 $0.00 $374.37 $66,892.41
223 $66,892.41 $307.12 $0.00 $378.22 $67,577.75
224 $67,577.75 $307.12 $0.00 $382.09 $68,266.96
225 $68,266.96 $307.12 $0.00 $385.99 $68,960.07
226 $68,960.07 $307.12 $0.00 $389.91 $69,657.10
227 $69,657.10 $307.12 $0.00 $393.85 $70,358.07
228 $70,358.07 $307.12 $0.00 $397.81 $71,063.00
229 $71,063.00 $0.00 $71,462.58 $401.80 $2.22