Savings Plan and Future Cost Estimation for Northwestern College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$183,997
Monthly savings required$1,454

How much will it cost to send your child to Northwestern College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $735,988.92 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,454.17 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$49,044.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,454.17 $0.00 $0.00 $1,454.17
2 $1,454.17 $1,454.17 $0.00 $8.22 $2,916.56
3 $2,916.56 $1,454.17 $0.00 $16.49 $4,387.22
4 $4,387.22 $1,454.17 $0.00 $24.81 $5,866.20
5 $5,866.20 $1,454.17 $0.00 $33.17 $7,353.54
6 $7,353.54 $1,454.17 $0.00 $41.58 $8,849.29
7 $8,849.29 $1,454.17 $0.00 $50.04 $10,353.50
8 $10,353.50 $1,454.17 $0.00 $58.54 $11,866.21
9 $11,866.21 $1,454.17 $0.00 $67.09 $13,387.47
10 $13,387.47 $1,454.17 $0.00 $75.69 $14,917.33
11 $14,917.33 $1,454.17 $0.00 $84.34 $16,455.84
12 $16,455.84 $1,454.17 $0.00 $93.04 $18,003.05
13 $18,003.05 $1,454.17 $0.00 $101.79 $19,559.01
14 $19,559.01 $1,454.17 $0.00 $110.59 $21,123.77
15 $21,123.77 $1,454.17 $0.00 $119.44 $22,697.38
16 $22,697.38 $1,454.17 $0.00 $128.33 $24,279.88
17 $24,279.88 $1,454.17 $0.00 $137.28 $25,871.33
18 $25,871.33 $1,454.17 $0.00 $146.28 $27,471.78
19 $27,471.78 $1,454.17 $0.00 $155.33 $29,081.28
20 $29,081.28 $1,454.17 $0.00 $164.43 $30,699.88
21 $30,699.88 $1,454.17 $0.00 $173.58 $32,327.63
22 $32,327.63 $1,454.17 $0.00 $182.79 $33,964.59
23 $33,964.59 $1,454.17 $0.00 $192.04 $35,610.80
24 $35,610.80 $1,454.17 $0.00 $201.35 $37,266.32
25 $37,266.32 $1,454.17 $0.00 $210.71 $38,931.20
26 $38,931.20 $1,454.17 $0.00 $220.12 $40,605.49
27 $40,605.49 $1,454.17 $0.00 $229.59 $42,289.25
28 $42,289.25 $1,454.17 $0.00 $239.11 $43,982.53
29 $43,982.53 $1,454.17 $0.00 $248.68 $45,685.38
30 $45,685.38 $1,454.17 $0.00 $258.31 $47,397.86
31 $47,397.86 $1,454.17 $0.00 $267.99 $49,120.02
32 $49,120.02 $1,454.17 $0.00 $277.73 $50,851.92
33 $50,851.92 $1,454.17 $0.00 $287.52 $52,593.61
34 $52,593.61 $1,454.17 $0.00 $297.37 $54,345.15
35 $54,345.15 $1,454.17 $0.00 $307.28 $56,106.60
36 $56,106.60 $1,454.17 $0.00 $317.23 $57,878.00
37 $57,878.00 $1,454.17 $0.00 $327.25 $59,659.42
38 $59,659.42 $1,454.17 $0.00 $337.32 $61,450.91
39 $61,450.91 $1,454.17 $0.00 $347.45 $63,252.53
40 $63,252.53 $1,454.17 $0.00 $357.64 $65,064.34
41 $65,064.34 $1,454.17 $0.00 $367.88 $66,886.39
42 $66,886.39 $1,454.17 $0.00 $378.19 $68,718.75
43 $68,718.75 $1,454.17 $0.00 $388.55 $70,561.47
44 $70,561.47 $1,454.17 $0.00 $398.96 $72,414.60
45 $72,414.60 $1,454.17 $0.00 $409.44 $74,278.21
46 $74,278.21 $1,454.17 $0.00 $419.98 $76,152.36
47 $76,152.36 $1,454.17 $0.00 $430.58 $78,037.11
48 $78,037.11 $1,454.17 $0.00 $441.23 $79,932.51
49 $79,932.51 $1,454.17 $0.00 $451.95 $81,838.63
50 $81,838.63 $1,454.17 $0.00 $462.73 $83,755.53
51 $83,755.53 $1,454.17 $0.00 $473.57 $85,683.27
52 $85,683.27 $1,454.17 $0.00 $484.47 $87,621.91
53 $87,621.91 $1,454.17 $0.00 $495.43 $89,571.51
54 $89,571.51 $1,454.17 $0.00 $506.45 $91,532.13
55 $91,532.13 $1,454.17 $0.00 $517.54 $93,503.84
56 $93,503.84 $1,454.17 $0.00 $528.68 $95,486.69
57 $95,486.69 $1,454.17 $0.00 $539.90 $97,480.76
58 $97,480.76 $1,454.17 $0.00 $551.17 $99,486.10
59 $99,486.10 $1,454.17 $0.00 $562.51 $101,502.78
60 $101,502.78 $1,454.17 $0.00 $573.91 $103,530.86
61 $103,530.86 $1,454.17 $0.00 $585.38 $105,570.41
62 $105,570.41 $1,454.17 $0.00 $596.91 $107,621.49
63 $107,621.49 $1,454.17 $0.00 $608.51 $109,684.17
64 $109,684.17 $1,454.17 $0.00 $620.17 $111,758.51
65 $111,758.51 $1,454.17 $0.00 $631.90 $113,844.58
66 $113,844.58 $1,454.17 $0.00 $643.69 $115,942.44
67 $115,942.44 $1,454.17 $0.00 $655.56 $118,052.17
68 $118,052.17 $1,454.17 $0.00 $667.48 $120,173.82
69 $120,173.82 $1,454.17 $0.00 $679.48 $122,307.47
70 $122,307.47 $1,454.17 $0.00 $691.54 $124,453.18
71 $124,453.18 $1,454.17 $0.00 $703.68 $126,611.03
72 $126,611.03 $1,454.17 $0.00 $715.88 $128,781.08
73 $128,781.08 $1,454.17 $0.00 $728.15 $130,963.40
74 $130,963.40 $1,454.17 $0.00 $740.49 $133,158.06
75 $133,158.06 $1,454.17 $0.00 $752.90 $135,365.13
76 $135,365.13 $1,454.17 $0.00 $765.37 $137,584.67
77 $137,584.67 $1,454.17 $0.00 $777.92 $139,816.76
78 $139,816.76 $1,454.17 $0.00 $790.54 $142,061.47
79 $142,061.47 $1,454.17 $0.00 $803.24 $144,318.88
80 $144,318.88 $1,454.17 $0.00 $816.00 $146,589.05
81 $146,589.05 $1,454.17 $0.00 $828.84 $148,872.06
82 $148,872.06 $1,454.17 $0.00 $841.74 $151,167.97
83 $151,167.97 $1,454.17 $0.00 $854.73 $153,476.87
84 $153,476.87 $1,454.17 $0.00 $867.78 $155,798.82
85 $155,798.82 $1,454.17 $0.00 $880.91 $158,133.90
86 $158,133.90 $1,454.17 $0.00 $894.11 $160,482.18
87 $160,482.18 $1,454.17 $0.00 $907.39 $162,843.74
88 $162,843.74 $1,454.17 $0.00 $920.74 $165,218.65
89 $165,218.65 $1,454.17 $0.00 $934.17 $167,606.99
90 $167,606.99 $1,454.17 $0.00 $947.67 $170,008.83
91 $170,008.83 $1,454.17 $0.00 $961.25 $172,424.25
92 $172,424.25 $1,454.17 $0.00 $974.91 $174,853.33
93 $174,853.33 $1,454.17 $0.00 $988.65 $177,296.15
94 $177,296.15 $1,454.17 $0.00 $1,002.46 $179,752.78
95 $179,752.78 $1,454.17 $0.00 $1,016.35 $182,223.30
96 $182,223.30 $1,454.17 $0.00 $1,030.32 $184,707.79
97 $184,707.79 $1,454.17 $0.00 $1,044.36 $187,206.32
98 $187,206.32 $1,454.17 $0.00 $1,058.49 $189,718.98
99 $189,718.98 $1,454.17 $0.00 $1,072.70 $192,245.85
100 $192,245.85 $1,454.17 $0.00 $1,086.99 $194,787.01
101 $194,787.01 $1,454.17 $0.00 $1,101.35 $197,342.53
102 $197,342.53 $1,454.17 $0.00 $1,115.80 $199,912.50
103 $199,912.50 $1,454.17 $0.00 $1,130.33 $202,497.00
104 $202,497.00 $1,454.17 $0.00 $1,144.95 $205,096.12
105 $205,096.12 $1,454.17 $0.00 $1,159.64 $207,709.93
106 $207,709.93 $1,454.17 $0.00 $1,174.42 $210,338.52
107 $210,338.52 $1,454.17 $0.00 $1,189.28 $212,981.97
108 $212,981.97 $1,454.17 $0.00 $1,204.23 $215,640.37
109 $215,640.37 $1,454.17 $0.00 $1,219.26 $218,313.80
110 $218,313.80 $1,454.17 $0.00 $1,234.38 $221,002.35
111 $221,002.35 $1,454.17 $0.00 $1,249.58 $223,706.10
112 $223,706.10 $1,454.17 $0.00 $1,264.87 $226,425.14
113 $226,425.14 $1,454.17 $0.00 $1,280.24 $229,159.55
114 $229,159.55 $1,454.17 $0.00 $1,295.70 $231,909.42
115 $231,909.42 $1,454.17 $0.00 $1,311.25 $234,674.84
116 $234,674.84 $1,454.17 $0.00 $1,326.89 $237,455.90
117 $237,455.90 $1,454.17 $0.00 $1,342.61 $240,252.68
118 $240,252.68 $1,454.17 $0.00 $1,358.42 $243,065.27
119 $243,065.27 $1,454.17 $0.00 $1,374.33 $245,893.77
120 $245,893.77 $1,454.17 $0.00 $1,390.32 $248,738.26
121 $248,738.26 $1,454.17 $0.00 $1,406.40 $251,598.83
122 $251,598.83 $1,454.17 $0.00 $1,422.58 $254,475.58
123 $254,475.58 $1,454.17 $0.00 $1,438.84 $257,368.59
124 $257,368.59 $1,454.17 $0.00 $1,455.20 $260,277.96
125 $260,277.96 $1,454.17 $0.00 $1,471.65 $263,203.78
126 $263,203.78 $1,454.17 $0.00 $1,488.19 $266,146.14
127 $266,146.14 $1,454.17 $0.00 $1,504.83 $269,105.14
128 $269,105.14 $1,454.17 $0.00 $1,521.56 $272,080.87
129 $272,080.87 $1,454.17 $0.00 $1,538.38 $275,073.42
130 $275,073.42 $1,454.17 $0.00 $1,555.31 $278,082.90
131 $278,082.90 $1,454.17 $0.00 $1,572.32 $281,109.39
132 $281,109.39 $1,454.17 $0.00 $1,589.43 $284,152.99
133 $284,152.99 $1,454.17 $0.00 $1,606.64 $287,213.80
134 $287,213.80 $1,454.17 $0.00 $1,623.95 $290,291.92
135 $290,291.92 $1,454.17 $0.00 $1,641.35 $293,387.44
136 $293,387.44 $1,454.17 $0.00 $1,658.86 $296,500.47
137 $296,500.47 $1,454.17 $0.00 $1,676.46 $299,631.10
138 $299,631.10 $1,454.17 $0.00 $1,694.16 $302,779.43
139 $302,779.43 $1,454.17 $0.00 $1,711.96 $305,945.56
140 $305,945.56 $1,454.17 $0.00 $1,729.86 $309,129.59
141 $309,129.59 $1,454.17 $0.00 $1,747.86 $312,331.62
142 $312,331.62 $1,454.17 $0.00 $1,765.97 $315,551.76
143 $315,551.76 $1,454.17 $0.00 $1,784.18 $318,790.11
144 $318,790.11 $1,454.17 $0.00 $1,802.49 $322,046.77
145 $322,046.77 $1,454.17 $0.00 $1,820.90 $325,321.84
146 $325,321.84 $1,454.17 $0.00 $1,839.42 $328,615.43
147 $328,615.43 $1,454.17 $0.00 $1,858.04 $331,927.64
148 $331,927.64 $1,454.17 $0.00 $1,876.77 $335,258.58
149 $335,258.58 $1,454.17 $0.00 $1,895.60 $338,608.35
150 $338,608.35 $1,454.17 $0.00 $1,914.54 $341,977.06
151 $341,977.06 $1,454.17 $0.00 $1,933.59 $345,364.82
152 $345,364.82 $1,454.17 $0.00 $1,952.74 $348,771.73
153 $348,771.73 $1,454.17 $0.00 $1,972.01 $352,197.91
154 $352,197.91 $1,454.17 $0.00 $1,991.38 $355,643.46
155 $355,643.46 $1,454.17 $0.00 $2,010.86 $359,108.49
156 $359,108.49 $1,454.17 $0.00 $2,030.45 $362,593.11
157 $362,593.11 $1,454.17 $0.00 $2,050.15 $366,097.43
158 $366,097.43 $1,454.17 $0.00 $2,069.97 $369,621.57
159 $369,621.57 $1,454.17 $0.00 $2,089.89 $373,165.63
160 $373,165.63 $1,454.17 $0.00 $2,109.93 $376,729.73
161 $376,729.73 $1,454.17 $0.00 $2,130.08 $380,313.98
162 $380,313.98 $1,454.17 $0.00 $2,150.35 $383,918.50
163 $383,918.50 $1,454.17 $0.00 $2,170.73 $387,543.40
164 $387,543.40 $1,454.17 $0.00 $2,191.23 $391,188.80
165 $391,188.80 $1,454.17 $0.00 $2,211.84 $394,854.81
166 $394,854.81 $1,454.17 $0.00 $2,232.57 $398,541.55
167 $398,541.55 $1,454.17 $0.00 $2,253.41 $402,249.13
168 $402,249.13 $1,454.17 $0.00 $2,274.38 $405,977.68
169 $405,977.68 $1,454.17 $0.00 $2,295.46 $409,727.31
170 $409,727.31 $1,454.17 $0.00 $2,316.66 $413,498.14
171 $413,498.14 $1,454.17 $0.00 $2,337.98 $417,290.29
172 $417,290.29 $1,454.17 $0.00 $2,359.42 $421,103.88
173 $421,103.88 $1,454.17 $0.00 $2,380.98 $424,939.03
174 $424,939.03 $1,454.17 $0.00 $2,402.67 $428,795.87
175 $428,795.87 $1,454.17 $0.00 $2,424.47 $432,674.51
176 $432,674.51 $1,454.17 $0.00 $2,446.40 $436,575.08
177 $436,575.08 $1,454.17 $0.00 $2,468.46 $440,497.71
178 $440,497.71 $1,454.17 $0.00 $2,490.64 $444,442.52
179 $444,442.52 $1,454.17 $0.00 $2,512.94 $448,409.63
180 $448,409.63 $1,454.17 $0.00 $2,535.37 $452,399.17
181 $452,399.17 $1,454.17 $0.00 $2,557.93 $456,411.27
182 $456,411.27 $1,454.17 $0.00 $2,580.62 $460,446.06
183 $460,446.06 $1,454.17 $0.00 $2,603.43 $464,503.66
184 $464,503.66 $1,454.17 $0.00 $2,626.37 $468,584.20
185 $468,584.20 $1,454.17 $0.00 $2,649.44 $472,687.81
186 $472,687.81 $1,454.17 $0.00 $2,672.65 $476,814.63
187 $476,814.63 $1,454.17 $0.00 $2,695.98 $480,964.78
188 $480,964.78 $1,454.17 $0.00 $2,719.44 $485,138.39
189 $485,138.39 $1,454.17 $0.00 $2,743.04 $489,335.60
190 $489,335.60 $1,454.17 $0.00 $2,766.77 $493,556.54
191 $493,556.54 $1,454.17 $0.00 $2,790.64 $497,801.35
192 $497,801.35 $1,454.17 $0.00 $2,814.64 $502,070.16
193 $502,070.16 $1,454.17 $0.00 $2,838.78 $506,363.11
194 $506,363.11 $1,454.17 $0.00 $2,863.05 $510,680.33
195 $510,680.33 $1,454.17 $0.00 $2,887.46 $515,021.96
196 $515,021.96 $1,454.17 $0.00 $2,912.01 $519,388.14
197 $519,388.14 $1,454.17 $0.00 $2,936.70 $523,779.01
198 $523,779.01 $1,454.17 $0.00 $2,961.52 $528,194.70
199 $528,194.70 $1,454.17 $0.00 $2,986.49 $532,635.36
200 $532,635.36 $1,454.17 $0.00 $3,011.60 $537,101.13
201 $537,101.13 $1,454.17 $0.00 $3,036.85 $541,592.15
202 $541,592.15 $1,454.17 $0.00 $3,062.24 $546,108.56
203 $546,108.56 $1,454.17 $0.00 $3,087.78 $550,650.51
204 $550,650.51 $1,454.17 $0.00 $3,113.46 $555,218.14
205 $555,218.14 $1,454.17 $0.00 $3,139.28 $559,811.59
206 $559,811.59 $1,454.17 $0.00 $3,165.26 $564,431.02
207 $564,431.02 $1,454.17 $0.00 $3,191.38 $569,076.57
208 $569,076.57 $1,454.17 $0.00 $3,217.64 $573,748.38
209 $573,748.38 $1,454.17 $0.00 $3,244.06 $578,446.61
210 $578,446.61 $1,454.17 $0.00 $3,270.62 $583,171.40
211 $583,171.40 $1,454.17 $0.00 $3,297.34 $587,922.91
212 $587,922.91 $1,454.17 $0.00 $3,324.20 $592,701.28
213 $592,701.28 $1,454.17 $0.00 $3,351.22 $597,506.67
214 $597,506.67 $1,454.17 $0.00 $3,378.39 $602,339.23
215 $602,339.23 $1,454.17 $0.00 $3,405.71 $607,199.11
216 $607,199.11 $1,454.17 $0.00 $3,433.19 $612,086.47
217 $612,086.47 $1,454.17 $165,765.40 $3,460.83 $451,236.07
218 $451,236.07 $1,454.17 $0.00 $2,551.35 $455,241.59
219 $455,241.59 $1,454.17 $0.00 $2,574.00 $459,269.76
220 $459,269.76 $1,454.17 $0.00 $2,596.78 $463,320.71
221 $463,320.71 $1,454.17 $0.00 $2,619.68 $467,394.56
222 $467,394.56 $1,454.17 $0.00 $2,642.72 $471,491.45
223 $471,491.45 $1,454.17 $0.00 $2,665.88 $475,611.50
224 $475,611.50 $1,454.17 $0.00 $2,689.18 $479,754.85
225 $479,754.85 $1,454.17 $0.00 $2,712.60 $483,921.62
226 $483,921.62 $1,454.17 $0.00 $2,736.16 $488,111.95
227 $488,111.95 $1,454.17 $0.00 $2,759.86 $492,325.98
228 $492,325.98 $1,454.17 $0.00 $2,783.68 $496,563.83
229 $496,563.83 $1,454.17 $177,368.98 $2,807.64 $323,456.66
230 $323,456.66 $1,454.17 $0.00 $1,828.87 $326,739.70
231 $326,739.70 $1,454.17 $0.00 $1,847.43 $330,041.30
232 $330,041.30 $1,454.17 $0.00 $1,866.10 $333,361.57
233 $333,361.57 $1,454.17 $0.00 $1,884.87 $336,700.61
234 $336,700.61 $1,454.17 $0.00 $1,903.75 $340,058.53
235 $340,058.53 $1,454.17 $0.00 $1,922.74 $343,435.44
236 $343,435.44 $1,454.17 $0.00 $1,941.83 $346,831.44
237 $346,831.44 $1,454.17 $0.00 $1,961.04 $350,246.65
238 $350,246.65 $1,454.17 $0.00 $1,980.35 $353,681.17
239 $353,681.17 $1,454.17 $0.00 $1,999.76 $357,135.10
240 $357,135.10 $1,454.17 $0.00 $2,019.29 $360,608.56
241 $360,608.56 $1,454.17 $189,784.80 $2,038.93 $174,316.86
242 $174,316.86 $1,454.17 $0.00 $985.61 $176,756.64
243 $176,756.64 $1,454.17 $0.00 $999.41 $179,210.22
244 $179,210.22 $1,454.17 $0.00 $1,013.28 $181,677.67
245 $181,677.67 $1,454.17 $0.00 $1,027.23 $184,159.07
246 $184,159.07 $1,454.17 $0.00 $1,041.26 $186,654.50
247 $186,654.50 $1,454.17 $0.00 $1,055.37 $189,164.04
248 $189,164.04 $1,454.17 $0.00 $1,069.56 $191,687.77
249 $191,687.77 $1,454.17 $0.00 $1,083.83 $194,225.77
250 $194,225.77 $1,454.17 $0.00 $1,098.18 $196,778.12
251 $196,778.12 $1,454.17 $0.00 $1,112.61 $199,344.90
252 $199,344.90 $1,454.17 $0.00 $1,127.13 $201,926.20
253 $201,926.20 $0.00 $203,069.74 $1,141.72 -$1.82