Savings Plan and Future Cost Estimation for Northwest Technical College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$49,679
Monthly savings required$221

How much will it cost to send your child to Northwest Technical College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $99,357.15 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $220.79 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$20,139.00
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 $220.79 $0.00 $0.00 $220.79
2 $220.79 $220.79 $0.00 $1.25 $442.83
3 $442.83 $220.79 $0.00 $2.50 $666.12
4 $666.12 $220.79 $0.00 $3.77 $890.68
5 $890.68 $220.79 $0.00 $5.04 $1,116.51
6 $1,116.51 $220.79 $0.00 $6.31 $1,343.61
7 $1,343.61 $220.79 $0.00 $7.60 $1,572.00
8 $1,572.00 $220.79 $0.00 $8.89 $1,801.68
9 $1,801.68 $220.79 $0.00 $10.19 $2,032.66
10 $2,032.66 $220.79 $0.00 $11.49 $2,264.94
11 $2,264.94 $220.79 $0.00 $12.81 $2,498.54
12 $2,498.54 $220.79 $0.00 $14.13 $2,733.46
13 $2,733.46 $220.79 $0.00 $15.46 $2,969.71
14 $2,969.71 $220.79 $0.00 $16.79 $3,207.29
15 $3,207.29 $220.79 $0.00 $18.13 $3,446.21
16 $3,446.21 $220.79 $0.00 $19.49 $3,686.49
17 $3,686.49 $220.79 $0.00 $20.84 $3,928.12
18 $3,928.12 $220.79 $0.00 $22.21 $4,171.12
19 $4,171.12 $220.79 $0.00 $23.58 $4,415.49
20 $4,415.49 $220.79 $0.00 $24.97 $4,661.25
21 $4,661.25 $220.79 $0.00 $26.36 $4,908.40
22 $4,908.40 $220.79 $0.00 $27.75 $5,156.94
23 $5,156.94 $220.79 $0.00 $29.16 $5,406.89
24 $5,406.89 $220.79 $0.00 $30.57 $5,658.25
25 $5,658.25 $220.79 $0.00 $31.99 $5,911.03
26 $5,911.03 $220.79 $0.00 $33.42 $6,165.24
27 $6,165.24 $220.79 $0.00 $34.86 $6,420.89
28 $6,420.89 $220.79 $0.00 $36.30 $6,677.98
29 $6,677.98 $220.79 $0.00 $37.76 $6,936.53
30 $6,936.53 $220.79 $0.00 $39.22 $7,196.54
31 $7,196.54 $220.79 $0.00 $40.69 $7,458.02
32 $7,458.02 $220.79 $0.00 $42.17 $7,720.98
33 $7,720.98 $220.79 $0.00 $43.66 $7,985.43
34 $7,985.43 $220.79 $0.00 $45.15 $8,251.37
35 $8,251.37 $220.79 $0.00 $46.65 $8,518.81
36 $8,518.81 $220.79 $0.00 $48.17 $8,787.77
37 $8,787.77 $220.79 $0.00 $49.69 $9,058.25
38 $9,058.25 $220.79 $0.00 $51.22 $9,330.26
39 $9,330.26 $220.79 $0.00 $52.75 $9,603.80
40 $9,603.80 $220.79 $0.00 $54.30 $9,878.89
41 $9,878.89 $220.79 $0.00 $55.86 $10,155.54
42 $10,155.54 $220.79 $0.00 $57.42 $10,433.75
43 $10,433.75 $220.79 $0.00 $58.99 $10,713.53
44 $10,713.53 $220.79 $0.00 $60.58 $10,994.90
45 $10,994.90 $220.79 $0.00 $62.17 $11,277.86
46 $11,277.86 $220.79 $0.00 $63.77 $11,562.42
47 $11,562.42 $220.79 $0.00 $65.38 $11,848.59
48 $11,848.59 $220.79 $0.00 $66.99 $12,136.37
49 $12,136.37 $220.79 $0.00 $68.62 $12,425.78
50 $12,425.78 $220.79 $0.00 $70.26 $12,716.83
51 $12,716.83 $220.79 $0.00 $71.90 $13,009.52
52 $13,009.52 $220.79 $0.00 $73.56 $13,303.87
53 $13,303.87 $220.79 $0.00 $75.22 $13,599.88
54 $13,599.88 $220.79 $0.00 $76.90 $13,897.57
55 $13,897.57 $220.79 $0.00 $78.58 $14,196.94
56 $14,196.94 $220.79 $0.00 $80.27 $14,498.00
57 $14,498.00 $220.79 $0.00 $81.97 $14,800.76
58 $14,800.76 $220.79 $0.00 $83.69 $15,105.24
59 $15,105.24 $220.79 $0.00 $85.41 $15,411.44
60 $15,411.44 $220.79 $0.00 $87.14 $15,719.37
61 $15,719.37 $220.79 $0.00 $88.88 $16,029.04
62 $16,029.04 $220.79 $0.00 $90.63 $16,340.46
63 $16,340.46 $220.79 $0.00 $92.39 $16,653.64
64 $16,653.64 $220.79 $0.00 $94.16 $16,968.59
65 $16,968.59 $220.79 $0.00 $95.94 $17,285.32
66 $17,285.32 $220.79 $0.00 $97.73 $17,603.84
67 $17,603.84 $220.79 $0.00 $99.53 $17,924.16
68 $17,924.16 $220.79 $0.00 $101.35 $18,246.30
69 $18,246.30 $220.79 $0.00 $103.17 $18,570.26
70 $18,570.26 $220.79 $0.00 $105.00 $18,896.05
71 $18,896.05 $220.79 $0.00 $106.84 $19,223.68
72 $19,223.68 $220.79 $0.00 $108.69 $19,553.16
73 $19,553.16 $220.79 $0.00 $110.56 $19,884.51
74 $19,884.51 $220.79 $0.00 $112.43 $20,217.73
75 $20,217.73 $220.79 $0.00 $114.31 $20,552.83
76 $20,552.83 $220.79 $0.00 $116.21 $20,889.83
77 $20,889.83 $220.79 $0.00 $118.11 $21,228.73
78 $21,228.73 $220.79 $0.00 $120.03 $21,569.55
79 $21,569.55 $220.79 $0.00 $121.96 $21,912.30
80 $21,912.30 $220.79 $0.00 $123.90 $22,256.99
81 $22,256.99 $220.79 $0.00 $125.84 $22,603.62
82 $22,603.62 $220.79 $0.00 $127.80 $22,952.21
83 $22,952.21 $220.79 $0.00 $129.78 $23,302.78
84 $23,302.78 $220.79 $0.00 $131.76 $23,655.33
85 $23,655.33 $220.79 $0.00 $133.75 $24,009.87
86 $24,009.87 $220.79 $0.00 $135.76 $24,366.42
87 $24,366.42 $220.79 $0.00 $137.77 $24,724.98
88 $24,724.98 $220.79 $0.00 $139.80 $25,085.57
89 $25,085.57 $220.79 $0.00 $141.84 $25,448.20
90 $25,448.20 $220.79 $0.00 $143.89 $25,812.88
91 $25,812.88 $220.79 $0.00 $145.95 $26,179.62
92 $26,179.62 $220.79 $0.00 $148.02 $26,548.43
93 $26,548.43 $220.79 $0.00 $150.11 $26,919.33
94 $26,919.33 $220.79 $0.00 $152.21 $27,292.33
95 $27,292.33 $220.79 $0.00 $154.31 $27,667.43
96 $27,667.43 $220.79 $0.00 $156.44 $28,044.66
97 $28,044.66 $220.79 $0.00 $158.57 $28,424.02
98 $28,424.02 $220.79 $0.00 $160.71 $28,805.52
99 $28,805.52 $220.79 $0.00 $162.87 $29,189.18
100 $29,189.18 $220.79 $0.00 $165.04 $29,575.01
101 $29,575.01 $220.79 $0.00 $167.22 $29,963.02
102 $29,963.02 $220.79 $0.00 $169.42 $30,353.23
103 $30,353.23 $220.79 $0.00 $171.62 $30,745.64
104 $30,745.64 $220.79 $0.00 $173.84 $31,140.27
105 $31,140.27 $220.79 $0.00 $176.07 $31,537.13
106 $31,537.13 $220.79 $0.00 $178.32 $31,936.24
107 $31,936.24 $220.79 $0.00 $180.57 $32,337.60
108 $32,337.60 $220.79 $0.00 $182.84 $32,741.23
109 $32,741.23 $220.79 $0.00 $185.12 $33,147.14
110 $33,147.14 $220.79 $0.00 $187.42 $33,555.35
111 $33,555.35 $220.79 $0.00 $189.73 $33,965.87
112 $33,965.87 $220.79 $0.00 $192.05 $34,378.71
113 $34,378.71 $220.79 $0.00 $194.38 $34,793.88
114 $34,793.88 $220.79 $0.00 $196.73 $35,211.40
115 $35,211.40 $220.79 $0.00 $199.09 $35,631.28
116 $35,631.28 $220.79 $0.00 $201.46 $36,053.53
117 $36,053.53 $220.79 $0.00 $203.85 $36,478.17
118 $36,478.17 $220.79 $0.00 $206.25 $36,905.21
119 $36,905.21 $220.79 $0.00 $208.67 $37,334.67
120 $37,334.67 $220.79 $0.00 $211.10 $37,766.56
121 $37,766.56 $220.79 $0.00 $213.54 $38,200.89
122 $38,200.89 $220.79 $0.00 $215.99 $38,637.67
123 $38,637.67 $220.79 $0.00 $218.46 $39,076.92
124 $39,076.92 $220.79 $0.00 $220.95 $39,518.66
125 $39,518.66 $220.79 $0.00 $223.44 $39,962.89
126 $39,962.89 $220.79 $0.00 $225.96 $40,409.64
127 $40,409.64 $220.79 $0.00 $228.48 $40,858.91
128 $40,858.91 $220.79 $0.00 $231.02 $41,310.72
129 $41,310.72 $220.79 $0.00 $233.58 $41,765.09
130 $41,765.09 $220.79 $0.00 $236.15 $42,222.03
131 $42,222.03 $220.79 $0.00 $238.73 $42,681.55
132 $42,681.55 $220.79 $0.00 $241.33 $43,143.67
133 $43,143.67 $220.79 $0.00 $243.94 $43,608.40
134 $43,608.40 $220.79 $0.00 $246.57 $44,075.76
135 $44,075.76 $220.79 $0.00 $249.21 $44,545.76
136 $44,545.76 $220.79 $0.00 $251.87 $45,018.42
137 $45,018.42 $220.79 $0.00 $254.54 $45,493.75
138 $45,493.75 $220.79 $0.00 $257.23 $45,971.77
139 $45,971.77 $220.79 $0.00 $259.93 $46,452.49
140 $46,452.49 $220.79 $0.00 $262.65 $46,935.93
141 $46,935.93 $220.79 $0.00 $265.38 $47,422.10
142 $47,422.10 $220.79 $0.00 $268.13 $47,911.02
143 $47,911.02 $220.79 $0.00 $270.90 $48,402.71
144 $48,402.71 $220.79 $0.00 $273.68 $48,897.18
145 $48,897.18 $220.79 $0.00 $276.47 $49,394.44
146 $49,394.44 $220.79 $0.00 $279.28 $49,894.51
147 $49,894.51 $220.79 $0.00 $282.11 $50,397.41
148 $50,397.41 $220.79 $0.00 $284.95 $50,903.15
149 $50,903.15 $220.79 $0.00 $287.81 $51,411.75
150 $51,411.75 $220.79 $0.00 $290.69 $51,923.23
151 $51,923.23 $220.79 $0.00 $293.58 $52,437.60
152 $52,437.60 $220.79 $0.00 $296.49 $52,954.88
153 $52,954.88 $220.79 $0.00 $299.41 $53,475.08
154 $53,475.08 $220.79 $0.00 $302.36 $53,998.23
155 $53,998.23 $220.79 $0.00 $305.31 $54,524.33
156 $54,524.33 $220.79 $0.00 $308.29 $55,053.41
157 $55,053.41 $220.79 $0.00 $311.28 $55,585.48
158 $55,585.48 $220.79 $0.00 $314.29 $56,120.56
159 $56,120.56 $220.79 $0.00 $317.31 $56,658.66
160 $56,658.66 $220.79 $0.00 $320.36 $57,199.81
161 $57,199.81 $220.79 $0.00 $323.42 $57,744.02
162 $57,744.02 $220.79 $0.00 $326.49 $58,291.30
163 $58,291.30 $220.79 $0.00 $329.59 $58,841.68
164 $58,841.68 $220.79 $0.00 $332.70 $59,395.17
165 $59,395.17 $220.79 $0.00 $335.83 $59,951.79
166 $59,951.79 $220.79 $0.00 $338.98 $60,511.56
167 $60,511.56 $220.79 $0.00 $342.14 $61,074.49
168 $61,074.49 $220.79 $0.00 $345.32 $61,640.60
169 $61,640.60 $220.79 $0.00 $348.52 $62,209.91
170 $62,209.91 $220.79 $0.00 $351.74 $62,782.44
171 $62,782.44 $220.79 $0.00 $354.98 $63,358.21
172 $63,358.21 $220.79 $0.00 $358.24 $63,937.24
173 $63,937.24 $220.79 $0.00 $361.51 $64,519.54
174 $64,519.54 $220.79 $0.00 $364.80 $65,105.13
175 $65,105.13 $220.79 $0.00 $368.11 $65,694.03
176 $65,694.03 $220.79 $0.00 $371.44 $66,286.26
177 $66,286.26 $220.79 $0.00 $374.79 $66,881.84
178 $66,881.84 $220.79 $0.00 $378.16 $67,480.79
179 $67,480.79 $220.79 $0.00 $381.55 $68,083.13
180 $68,083.13 $220.79 $0.00 $384.95 $68,688.87
181 $68,688.87 $220.79 $0.00 $388.38 $69,298.04
182 $69,298.04 $220.79 $0.00 $391.82 $69,910.65
183 $69,910.65 $220.79 $0.00 $395.28 $70,526.72
184 $70,526.72 $220.79 $0.00 $398.77 $71,146.28
185 $71,146.28 $220.79 $0.00 $402.27 $71,769.34
186 $71,769.34 $220.79 $0.00 $405.79 $72,395.92
187 $72,395.92 $220.79 $0.00 $409.34 $73,026.05
188 $73,026.05 $220.79 $0.00 $412.90 $73,659.74
189 $73,659.74 $220.79 $0.00 $416.48 $74,297.01
190 $74,297.01 $220.79 $0.00 $420.09 $74,937.89
191 $74,937.89 $220.79 $0.00 $423.71 $75,582.39
192 $75,582.39 $220.79 $0.00 $427.35 $76,230.53
193 $76,230.53 $220.79 $0.00 $431.02 $76,882.34
194 $76,882.34 $220.79 $0.00 $434.70 $77,537.83
195 $77,537.83 $220.79 $0.00 $438.41 $78,197.03
196 $78,197.03 $220.79 $0.00 $442.14 $78,859.96
197 $78,859.96 $220.79 $0.00 $445.89 $79,526.64
198 $79,526.64 $220.79 $0.00 $449.66 $80,197.09
199 $80,197.09 $220.79 $0.00 $453.45 $80,871.33
200 $80,871.33 $220.79 $0.00 $457.26 $81,549.38
201 $81,549.38 $220.79 $0.00 $461.09 $82,231.26
202 $82,231.26 $220.79 $0.00 $464.95 $82,917.00
203 $82,917.00 $220.79 $0.00 $468.82 $83,606.61
204 $83,606.61 $220.79 $0.00 $472.72 $84,300.12
205 $84,300.12 $220.79 $0.00 $476.65 $84,997.56
206 $84,997.56 $220.79 $0.00 $480.59 $85,698.94
207 $85,698.94 $220.79 $0.00 $484.55 $86,404.28
208 $86,404.28 $220.79 $0.00 $488.54 $87,113.61
209 $87,113.61 $220.79 $0.00 $492.55 $87,826.95
210 $87,826.95 $220.79 $0.00 $496.59 $88,544.33
211 $88,544.33 $220.79 $0.00 $500.64 $89,265.76
212 $89,265.76 $220.79 $0.00 $504.72 $89,991.27
213 $89,991.27 $220.79 $0.00 $508.82 $90,720.88
214 $90,720.88 $220.79 $0.00 $512.95 $91,454.62
215 $91,454.62 $220.79 $0.00 $517.10 $92,192.51
216 $92,192.51 $220.79 $0.00 $521.27 $92,934.57
217 $92,934.57 $220.79 $48,466.90 $525.47 $45,213.93
218 $45,213.93 $220.79 $0.00 $255.65 $45,690.37
219 $45,690.37 $220.79 $0.00 $258.34 $46,169.50
220 $46,169.50 $220.79 $0.00 $261.05 $46,651.34
221 $46,651.34 $220.79 $0.00 $263.77 $47,135.90
222 $47,135.90 $220.79 $0.00 $266.51 $47,623.20
223 $47,623.20 $220.79 $0.00 $269.27 $48,113.26
224 $48,113.26 $220.79 $0.00 $272.04 $48,606.09
225 $48,606.09 $220.79 $0.00 $274.83 $49,101.71
226 $49,101.71 $220.79 $0.00 $277.63 $49,600.13
227 $49,600.13 $220.79 $0.00 $280.45 $50,101.37
228 $50,101.37 $220.79 $0.00 $283.28 $50,605.44
229 $50,605.44 $0.00 $50,890.25 $286.13 $1.32