Savings Plan and Future Cost Estimation for Northern Kentucky University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$61,309
Monthly savings required$485

How much will it cost to send your child to Northern Kentucky University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $245,234.44 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $485.31 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$23,642.00
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 $485.31 $0.00 $0.00 $485.31
2 $485.31 $485.31 $0.00 $2.74 $973.36
3 $973.36 $485.31 $0.00 $5.50 $1,464.17
4 $1,464.17 $485.31 $0.00 $8.28 $1,957.76
5 $1,957.76 $485.31 $0.00 $11.07 $2,454.14
6 $2,454.14 $485.31 $0.00 $13.88 $2,953.33
7 $2,953.33 $485.31 $0.00 $16.70 $3,455.34
8 $3,455.34 $485.31 $0.00 $19.54 $3,960.19
9 $3,960.19 $485.31 $0.00 $22.39 $4,467.89
10 $4,467.89 $485.31 $0.00 $25.26 $4,978.46
11 $4,978.46 $485.31 $0.00 $28.15 $5,491.92
12 $5,491.92 $485.31 $0.00 $31.05 $6,008.28
13 $6,008.28 $485.31 $0.00 $33.97 $6,527.56
14 $6,527.56 $485.31 $0.00 $36.91 $7,049.78
15 $7,049.78 $485.31 $0.00 $39.86 $7,574.95
16 $7,574.95 $485.31 $0.00 $42.83 $8,103.09
17 $8,103.09 $485.31 $0.00 $45.82 $8,634.22
18 $8,634.22 $485.31 $0.00 $48.82 $9,168.35
19 $9,168.35 $485.31 $0.00 $51.84 $9,705.50
20 $9,705.50 $485.31 $0.00 $54.88 $10,245.69
21 $10,245.69 $485.31 $0.00 $57.93 $10,788.93
22 $10,788.93 $485.31 $0.00 $61.00 $11,335.24
23 $11,335.24 $485.31 $0.00 $64.09 $11,884.64
24 $11,884.64 $485.31 $0.00 $67.20 $12,437.15
25 $12,437.15 $485.31 $0.00 $70.32 $12,992.78
26 $12,992.78 $485.31 $0.00 $73.46 $13,551.55
27 $13,551.55 $485.31 $0.00 $76.62 $14,113.48
28 $14,113.48 $485.31 $0.00 $79.80 $14,678.59
29 $14,678.59 $485.31 $0.00 $82.99 $15,246.89
30 $15,246.89 $485.31 $0.00 $86.21 $15,818.41
31 $15,818.41 $485.31 $0.00 $89.44 $16,393.16
32 $16,393.16 $485.31 $0.00 $92.69 $16,971.16
33 $16,971.16 $485.31 $0.00 $95.96 $17,552.43
34 $17,552.43 $485.31 $0.00 $99.24 $18,136.98
35 $18,136.98 $485.31 $0.00 $102.55 $18,724.84
36 $18,724.84 $485.31 $0.00 $105.87 $19,316.02
37 $19,316.02 $485.31 $0.00 $109.22 $19,910.55
38 $19,910.55 $485.31 $0.00 $112.58 $20,508.44
39 $20,508.44 $485.31 $0.00 $115.96 $21,109.71
40 $21,109.71 $485.31 $0.00 $119.36 $21,714.38
41 $21,714.38 $485.31 $0.00 $122.78 $22,322.47
42 $22,322.47 $485.31 $0.00 $126.21 $22,933.99
43 $22,933.99 $485.31 $0.00 $129.67 $23,548.97
44 $23,548.97 $485.31 $0.00 $133.15 $24,167.43
45 $24,167.43 $485.31 $0.00 $136.65 $24,789.39
46 $24,789.39 $485.31 $0.00 $140.16 $25,414.86
47 $25,414.86 $485.31 $0.00 $143.70 $26,043.87
48 $26,043.87 $485.31 $0.00 $147.26 $26,676.44
49 $26,676.44 $485.31 $0.00 $150.83 $27,312.58
50 $27,312.58 $485.31 $0.00 $154.43 $27,952.32
51 $27,952.32 $485.31 $0.00 $158.05 $28,595.68
52 $28,595.68 $485.31 $0.00 $161.68 $29,242.67
53 $29,242.67 $485.31 $0.00 $165.34 $29,893.32
54 $29,893.32 $485.31 $0.00 $169.02 $30,547.65
55 $30,547.65 $485.31 $0.00 $172.72 $31,205.68
56 $31,205.68 $485.31 $0.00 $176.44 $31,867.43
57 $31,867.43 $485.31 $0.00 $180.18 $32,532.92
58 $32,532.92 $485.31 $0.00 $183.95 $33,202.18
59 $33,202.18 $485.31 $0.00 $187.73 $33,875.22
60 $33,875.22 $485.31 $0.00 $191.54 $34,552.07
61 $34,552.07 $485.31 $0.00 $195.36 $35,232.74
62 $35,232.74 $485.31 $0.00 $199.21 $35,917.26
63 $35,917.26 $485.31 $0.00 $203.08 $36,605.65
64 $36,605.65 $485.31 $0.00 $206.97 $37,297.93
65 $37,297.93 $485.31 $0.00 $210.89 $37,994.13
66 $37,994.13 $485.31 $0.00 $214.82 $38,694.26
67 $38,694.26 $485.31 $0.00 $218.78 $39,398.35
68 $39,398.35 $485.31 $0.00 $222.76 $40,106.42
69 $40,106.42 $485.31 $0.00 $226.77 $40,818.50
70 $40,818.50 $485.31 $0.00 $230.79 $41,534.60
71 $41,534.60 $485.31 $0.00 $234.84 $42,254.75
72 $42,254.75 $485.31 $0.00 $238.91 $42,978.97
73 $42,978.97 $485.31 $0.00 $243.01 $43,707.29
74 $43,707.29 $485.31 $0.00 $247.13 $44,439.73
75 $44,439.73 $485.31 $0.00 $251.27 $45,176.31
76 $45,176.31 $485.31 $0.00 $255.43 $45,917.05
77 $45,917.05 $485.31 $0.00 $259.62 $46,661.98
78 $46,661.98 $485.31 $0.00 $263.83 $47,411.12
79 $47,411.12 $485.31 $0.00 $268.07 $48,164.50
80 $48,164.50 $485.31 $0.00 $272.33 $48,922.14
81 $48,922.14 $485.31 $0.00 $276.61 $49,684.06
82 $49,684.06 $485.31 $0.00 $280.92 $50,450.29
83 $50,450.29 $485.31 $0.00 $285.25 $51,220.85
84 $51,220.85 $485.31 $0.00 $289.61 $51,995.77
85 $51,995.77 $485.31 $0.00 $293.99 $52,775.07
86 $52,775.07 $485.31 $0.00 $298.40 $53,558.78
87 $53,558.78 $485.31 $0.00 $302.83 $54,346.92
88 $54,346.92 $485.31 $0.00 $307.29 $55,139.52
89 $55,139.52 $485.31 $0.00 $311.77 $55,936.60
90 $55,936.60 $485.31 $0.00 $316.27 $56,738.18
91 $56,738.18 $485.31 $0.00 $320.81 $57,544.30
92 $57,544.30 $485.31 $0.00 $325.36 $58,354.97
93 $58,354.97 $485.31 $0.00 $329.95 $59,170.23
94 $59,170.23 $485.31 $0.00 $334.56 $59,990.10
95 $59,990.10 $485.31 $0.00 $339.19 $60,814.60
96 $60,814.60 $485.31 $0.00 $343.85 $61,643.76
97 $61,643.76 $485.31 $0.00 $348.54 $62,477.61
98 $62,477.61 $485.31 $0.00 $353.26 $63,316.18
99 $63,316.18 $485.31 $0.00 $358.00 $64,159.49
100 $64,159.49 $485.31 $0.00 $362.77 $65,007.57
101 $65,007.57 $485.31 $0.00 $367.56 $65,860.44
102 $65,860.44 $485.31 $0.00 $372.38 $66,718.13
103 $66,718.13 $485.31 $0.00 $377.23 $67,580.67
104 $67,580.67 $485.31 $0.00 $382.11 $68,448.09
105 $68,448.09 $485.31 $0.00 $387.02 $69,320.42
106 $69,320.42 $485.31 $0.00 $391.95 $70,197.68
107 $70,197.68 $485.31 $0.00 $396.91 $71,079.90
108 $71,079.90 $485.31 $0.00 $401.90 $71,967.11
109 $71,967.11 $485.31 $0.00 $406.91 $72,859.33
110 $72,859.33 $485.31 $0.00 $411.96 $73,756.60
111 $73,756.60 $485.31 $0.00 $417.03 $74,658.94
112 $74,658.94 $485.31 $0.00 $422.13 $75,566.38
113 $75,566.38 $485.31 $0.00 $427.26 $76,478.95
114 $76,478.95 $485.31 $0.00 $432.42 $77,396.68
115 $77,396.68 $485.31 $0.00 $437.61 $78,319.60
116 $78,319.60 $485.31 $0.00 $442.83 $79,247.74
117 $79,247.74 $485.31 $0.00 $448.08 $80,181.13
118 $80,181.13 $485.31 $0.00 $453.36 $81,119.80
119 $81,119.80 $485.31 $0.00 $458.66 $82,063.77
120 $82,063.77 $485.31 $0.00 $464.00 $83,013.08
121 $83,013.08 $485.31 $0.00 $469.37 $83,967.76
122 $83,967.76 $485.31 $0.00 $474.77 $84,927.84
123 $84,927.84 $485.31 $0.00 $480.19 $85,893.34
124 $85,893.34 $485.31 $0.00 $485.65 $86,864.30
125 $86,864.30 $485.31 $0.00 $491.14 $87,840.75
126 $87,840.75 $485.31 $0.00 $496.66 $88,822.72
127 $88,822.72 $485.31 $0.00 $502.22 $89,810.25
128 $89,810.25 $485.31 $0.00 $507.80 $90,803.36
129 $90,803.36 $485.31 $0.00 $513.42 $91,802.09
130 $91,802.09 $485.31 $0.00 $519.06 $92,806.46
131 $92,806.46 $485.31 $0.00 $524.74 $93,816.51
132 $93,816.51 $485.31 $0.00 $530.45 $94,832.27
133 $94,832.27 $485.31 $0.00 $536.20 $95,853.78
134 $95,853.78 $485.31 $0.00 $541.97 $96,881.06
135 $96,881.06 $485.31 $0.00 $547.78 $97,914.15
136 $97,914.15 $485.31 $0.00 $553.62 $98,953.08
137 $98,953.08 $485.31 $0.00 $559.50 $99,997.89
138 $99,997.89 $485.31 $0.00 $565.40 $101,048.60
139 $101,048.60 $485.31 $0.00 $571.34 $102,105.25
140 $102,105.25 $485.31 $0.00 $577.32 $103,167.88
141 $103,167.88 $485.31 $0.00 $583.33 $104,236.52
142 $104,236.52 $485.31 $0.00 $589.37 $105,311.20
143 $105,311.20 $485.31 $0.00 $595.44 $106,391.95
144 $106,391.95 $485.31 $0.00 $601.56 $107,478.82
145 $107,478.82 $485.31 $0.00 $607.70 $108,571.83
146 $108,571.83 $485.31 $0.00 $613.88 $109,671.02
147 $109,671.02 $485.31 $0.00 $620.10 $110,776.43
148 $110,776.43 $485.31 $0.00 $626.35 $111,888.09
149 $111,888.09 $485.31 $0.00 $632.63 $113,006.03
150 $113,006.03 $485.31 $0.00 $638.95 $114,130.29
151 $114,130.29 $485.31 $0.00 $645.31 $115,260.91
152 $115,260.91 $485.31 $0.00 $651.70 $116,397.92
153 $116,397.92 $485.31 $0.00 $658.13 $117,541.36
154 $117,541.36 $485.31 $0.00 $664.60 $118,691.27
155 $118,691.27 $485.31 $0.00 $671.10 $119,847.68
156 $119,847.68 $485.31 $0.00 $677.64 $121,010.63
157 $121,010.63 $485.31 $0.00 $684.21 $122,180.15
158 $122,180.15 $485.31 $0.00 $690.82 $123,356.28
159 $123,356.28 $485.31 $0.00 $697.47 $124,539.06
160 $124,539.06 $485.31 $0.00 $704.16 $125,728.53
161 $125,728.53 $485.31 $0.00 $710.89 $126,924.73
162 $126,924.73 $485.31 $0.00 $717.65 $128,127.69
163 $128,127.69 $485.31 $0.00 $724.45 $129,337.45
164 $129,337.45 $485.31 $0.00 $731.29 $130,554.05
165 $130,554.05 $485.31 $0.00 $738.17 $131,777.53
166 $131,777.53 $485.31 $0.00 $745.09 $133,007.93
167 $133,007.93 $485.31 $0.00 $752.05 $134,245.29
168 $134,245.29 $485.31 $0.00 $759.04 $135,489.64
169 $135,489.64 $485.31 $0.00 $766.08 $136,741.03
170 $136,741.03 $485.31 $0.00 $773.15 $137,999.49
171 $137,999.49 $485.31 $0.00 $780.27 $139,265.07
172 $139,265.07 $485.31 $0.00 $787.42 $140,537.80
173 $140,537.80 $485.31 $0.00 $794.62 $141,817.73
174 $141,817.73 $485.31 $0.00 $801.86 $143,104.90
175 $143,104.90 $485.31 $0.00 $809.14 $144,399.35
176 $144,399.35 $485.31 $0.00 $816.45 $145,701.11
177 $145,701.11 $485.31 $0.00 $823.82 $147,010.24
178 $147,010.24 $485.31 $0.00 $831.22 $148,326.77
179 $148,326.77 $485.31 $0.00 $838.66 $149,650.74
180 $149,650.74 $485.31 $0.00 $846.15 $150,982.20
181 $150,982.20 $485.31 $0.00 $853.68 $152,321.19
182 $152,321.19 $485.31 $0.00 $861.25 $153,667.75
183 $153,667.75 $485.31 $0.00 $868.86 $155,021.92
184 $155,021.92 $485.31 $0.00 $876.52 $156,383.75
185 $156,383.75 $485.31 $0.00 $884.22 $157,753.28
186 $157,753.28 $485.31 $0.00 $891.96 $159,130.55
187 $159,130.55 $485.31 $0.00 $899.75 $160,515.61
188 $160,515.61 $485.31 $0.00 $907.58 $161,908.50
189 $161,908.50 $485.31 $0.00 $915.45 $163,309.26
190 $163,309.26 $485.31 $0.00 $923.37 $164,717.94
191 $164,717.94 $485.31 $0.00 $931.34 $166,134.59
192 $166,134.59 $485.31 $0.00 $939.35 $167,559.25
193 $167,559.25 $485.31 $0.00 $947.40 $168,991.96
194 $168,991.96 $485.31 $0.00 $955.51 $170,432.78
195 $170,432.78 $485.31 $0.00 $963.65 $171,881.74
196 $171,881.74 $485.31 $0.00 $971.84 $173,338.89
197 $173,338.89 $485.31 $0.00 $980.08 $174,804.28
198 $174,804.28 $485.31 $0.00 $988.37 $176,277.96
199 $176,277.96 $485.31 $0.00 $996.70 $177,759.97
200 $177,759.97 $485.31 $0.00 $1,005.08 $179,250.36
201 $179,250.36 $485.31 $0.00 $1,013.51 $180,749.18
202 $180,749.18 $485.31 $0.00 $1,021.98 $182,256.47
203 $182,256.47 $485.31 $0.00 $1,030.50 $183,772.28
204 $183,772.28 $485.31 $0.00 $1,039.08 $185,296.67
205 $185,296.67 $485.31 $0.00 $1,047.69 $186,829.67
206 $186,829.67 $485.31 $0.00 $1,056.36 $188,371.34
207 $188,371.34 $485.31 $0.00 $1,065.08 $189,921.73
208 $189,921.73 $485.31 $0.00 $1,073.85 $191,480.89
209 $191,480.89 $485.31 $0.00 $1,082.66 $193,048.86
210 $193,048.86 $485.31 $0.00 $1,091.53 $194,625.70
211 $194,625.70 $485.31 $0.00 $1,100.44 $196,211.45
212 $196,211.45 $485.31 $0.00 $1,109.41 $197,806.17
213 $197,806.17 $485.31 $0.00 $1,118.42 $199,409.90
214 $199,409.90 $485.31 $0.00 $1,127.49 $201,022.70
215 $201,022.70 $485.31 $0.00 $1,136.61 $202,644.62
216 $202,644.62 $485.31 $0.00 $1,145.78 $204,275.71
217 $204,275.71 $485.31 $56,897.29 $1,155.00 $149,018.73
218 $149,018.73 $485.31 $0.00 $842.57 $150,346.61
219 $150,346.61 $485.31 $0.00 $850.08 $151,682.00
220 $151,682.00 $485.31 $0.00 $857.63 $153,024.94
221 $153,024.94 $485.31 $0.00 $865.23 $154,375.48
222 $154,375.48 $485.31 $0.00 $872.86 $155,733.65
223 $155,733.65 $485.31 $0.00 $880.54 $157,099.50
224 $157,099.50 $485.31 $0.00 $888.26 $158,473.07
225 $158,473.07 $485.31 $0.00 $896.03 $159,854.41
226 $159,854.41 $485.31 $0.00 $903.84 $161,243.56
227 $161,243.56 $485.31 $0.00 $911.69 $162,640.56
228 $162,640.56 $485.31 $0.00 $919.59 $164,045.46
229 $164,045.46 $485.31 $59,742.16 $927.54 $105,716.15
230 $105,716.15 $485.31 $0.00 $597.73 $106,799.19
231 $106,799.19 $485.31 $0.00 $603.86 $107,888.36
232 $107,888.36 $485.31 $0.00 $610.02 $108,983.69
233 $108,983.69 $485.31 $0.00 $616.21 $110,085.21
234 $110,085.21 $485.31 $0.00 $622.44 $111,192.96
235 $111,192.96 $485.31 $0.00 $628.70 $112,306.97
236 $112,306.97 $485.31 $0.00 $635.00 $113,427.28
237 $113,427.28 $485.31 $0.00 $641.33 $114,553.92
238 $114,553.92 $485.31 $0.00 $647.70 $115,686.93
239 $115,686.93 $485.31 $0.00 $654.11 $116,826.35
240 $116,826.35 $485.31 $0.00 $660.55 $117,972.21
241 $117,972.21 $485.31 $62,729.26 $667.03 $56,395.29
242 $56,395.29 $485.31 $0.00 $318.87 $57,199.47
243 $57,199.47 $485.31 $0.00 $323.41 $58,008.19
244 $58,008.19 $485.31 $0.00 $327.99 $58,821.49
245 $58,821.49 $485.31 $0.00 $332.59 $59,639.39
246 $59,639.39 $485.31 $0.00 $337.21 $60,461.91
247 $60,461.91 $485.31 $0.00 $341.86 $61,289.08
248 $61,289.08 $485.31 $0.00 $346.54 $62,120.93
249 $62,120.93 $485.31 $0.00 $351.24 $62,957.48
250 $62,957.48 $485.31 $0.00 $355.97 $63,798.76
251 $63,798.76 $485.31 $0.00 $360.73 $64,644.80
252 $64,644.80 $485.31 $0.00 $365.51 $65,495.62
253 $65,495.62 $0.00 $65,865.73 $370.32 $0.21