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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$114,983
Monthly savings required$910

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 $459,931.27 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $910.19 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$44,340.00
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 $910.19 $0.00 $0.00 $910.19
2 $910.19 $910.19 $0.00 $5.15 $1,825.53
3 $1,825.53 $910.19 $0.00 $10.32 $2,746.04
4 $2,746.04 $910.19 $0.00 $15.53 $3,671.76
5 $3,671.76 $910.19 $0.00 $20.76 $4,602.71
6 $4,602.71 $910.19 $0.00 $26.02 $5,538.92
7 $5,538.92 $910.19 $0.00 $31.32 $6,480.43
8 $6,480.43 $910.19 $0.00 $36.64 $7,427.26
9 $7,427.26 $910.19 $0.00 $41.99 $8,379.44
10 $8,379.44 $910.19 $0.00 $47.38 $9,337.01
11 $9,337.01 $910.19 $0.00 $52.79 $10,299.99
12 $10,299.99 $910.19 $0.00 $58.24 $11,268.42
13 $11,268.42 $910.19 $0.00 $63.71 $12,242.32
14 $12,242.32 $910.19 $0.00 $69.22 $13,221.73
15 $13,221.73 $910.19 $0.00 $74.76 $14,206.68
16 $14,206.68 $910.19 $0.00 $80.33 $15,197.20
17 $15,197.20 $910.19 $0.00 $85.93 $16,193.32
18 $16,193.32 $910.19 $0.00 $91.56 $17,195.07
19 $17,195.07 $910.19 $0.00 $97.22 $18,202.48
20 $18,202.48 $910.19 $0.00 $102.92 $19,215.59
21 $19,215.59 $910.19 $0.00 $108.65 $20,234.43
22 $20,234.43 $910.19 $0.00 $114.41 $21,259.03
23 $21,259.03 $910.19 $0.00 $120.20 $22,289.42
24 $22,289.42 $910.19 $0.00 $126.03 $23,325.64
25 $23,325.64 $910.19 $0.00 $131.89 $24,367.72
26 $24,367.72 $910.19 $0.00 $137.78 $25,415.69
27 $25,415.69 $910.19 $0.00 $143.70 $26,469.58
28 $26,469.58 $910.19 $0.00 $149.66 $27,529.43
29 $27,529.43 $910.19 $0.00 $155.66 $28,595.28
30 $28,595.28 $910.19 $0.00 $161.68 $29,667.15
31 $29,667.15 $910.19 $0.00 $167.74 $30,745.08
32 $30,745.08 $910.19 $0.00 $173.84 $31,829.11
33 $31,829.11 $910.19 $0.00 $179.97 $32,919.27
34 $32,919.27 $910.19 $0.00 $186.13 $34,015.59
35 $34,015.59 $910.19 $0.00 $192.33 $35,118.11
36 $35,118.11 $910.19 $0.00 $198.56 $36,226.86
37 $36,226.86 $910.19 $0.00 $204.83 $37,341.88
38 $37,341.88 $910.19 $0.00 $211.14 $38,463.21
39 $38,463.21 $910.19 $0.00 $217.48 $39,590.88
40 $39,590.88 $910.19 $0.00 $223.85 $40,724.92
41 $40,724.92 $910.19 $0.00 $230.26 $41,865.37
42 $41,865.37 $910.19 $0.00 $236.71 $43,012.27
43 $43,012.27 $910.19 $0.00 $243.20 $44,165.66
44 $44,165.66 $910.19 $0.00 $249.72 $45,325.57
45 $45,325.57 $910.19 $0.00 $256.28 $46,492.04
46 $46,492.04 $910.19 $0.00 $262.87 $47,665.10
47 $47,665.10 $910.19 $0.00 $269.51 $48,844.80
48 $48,844.80 $910.19 $0.00 $276.18 $50,031.17
49 $50,031.17 $910.19 $0.00 $282.88 $51,224.24
50 $51,224.24 $910.19 $0.00 $289.63 $52,424.06
51 $52,424.06 $910.19 $0.00 $296.41 $53,630.66
52 $53,630.66 $910.19 $0.00 $303.24 $54,844.09
53 $54,844.09 $910.19 $0.00 $310.10 $56,064.38
54 $56,064.38 $910.19 $0.00 $317.00 $57,291.57
55 $57,291.57 $910.19 $0.00 $323.93 $58,525.69
56 $58,525.69 $910.19 $0.00 $330.91 $59,766.79
57 $59,766.79 $910.19 $0.00 $337.93 $61,014.91
58 $61,014.91 $910.19 $0.00 $344.99 $62,270.09
59 $62,270.09 $910.19 $0.00 $352.08 $63,532.36
60 $63,532.36 $910.19 $0.00 $359.22 $64,801.77
61 $64,801.77 $910.19 $0.00 $366.40 $66,078.36
62 $66,078.36 $910.19 $0.00 $373.62 $67,362.17
63 $67,362.17 $910.19 $0.00 $380.88 $68,653.24
64 $68,653.24 $910.19 $0.00 $388.18 $69,951.61
65 $69,951.61 $910.19 $0.00 $395.52 $71,257.32
66 $71,257.32 $910.19 $0.00 $402.90 $72,570.41
67 $72,570.41 $910.19 $0.00 $410.32 $73,890.92
68 $73,890.92 $910.19 $0.00 $417.79 $75,218.90
69 $75,218.90 $910.19 $0.00 $425.30 $76,554.39
70 $76,554.39 $910.19 $0.00 $432.85 $77,897.43
71 $77,897.43 $910.19 $0.00 $440.44 $79,248.06
72 $79,248.06 $910.19 $0.00 $448.08 $80,606.33
73 $80,606.33 $910.19 $0.00 $455.76 $81,972.28
74 $81,972.28 $910.19 $0.00 $463.48 $83,345.95
75 $83,345.95 $910.19 $0.00 $471.25 $84,727.39
76 $84,727.39 $910.19 $0.00 $479.06 $86,116.64
77 $86,116.64 $910.19 $0.00 $486.92 $87,513.75
78 $87,513.75 $910.19 $0.00 $494.82 $88,918.76
79 $88,918.76 $910.19 $0.00 $502.76 $90,331.71
80 $90,331.71 $910.19 $0.00 $510.75 $91,752.65
81 $91,752.65 $910.19 $0.00 $518.78 $93,181.62
82 $93,181.62 $910.19 $0.00 $526.86 $94,618.67
83 $94,618.67 $910.19 $0.00 $534.99 $96,063.85
84 $96,063.85 $910.19 $0.00 $543.16 $97,517.20
85 $97,517.20 $910.19 $0.00 $551.38 $98,978.77
86 $98,978.77 $910.19 $0.00 $559.64 $100,448.60
87 $100,448.60 $910.19 $0.00 $567.95 $101,926.74
88 $101,926.74 $910.19 $0.00 $576.31 $103,413.24
89 $103,413.24 $910.19 $0.00 $584.71 $104,908.14
90 $104,908.14 $910.19 $0.00 $593.17 $106,411.50
91 $106,411.50 $910.19 $0.00 $601.67 $107,923.36
92 $107,923.36 $910.19 $0.00 $610.21 $109,443.76
93 $109,443.76 $910.19 $0.00 $618.81 $110,972.76
94 $110,972.76 $910.19 $0.00 $627.46 $112,510.41
95 $112,510.41 $910.19 $0.00 $636.15 $114,056.75
96 $114,056.75 $910.19 $0.00 $644.89 $115,611.83
97 $115,611.83 $910.19 $0.00 $653.69 $117,175.71
98 $117,175.71 $910.19 $0.00 $662.53 $118,748.43
99 $118,748.43 $910.19 $0.00 $671.42 $120,330.04
100 $120,330.04 $910.19 $0.00 $680.36 $121,920.59
101 $121,920.59 $910.19 $0.00 $689.36 $123,520.14
102 $123,520.14 $910.19 $0.00 $698.40 $125,128.73
103 $125,128.73 $910.19 $0.00 $707.50 $126,746.42
104 $126,746.42 $910.19 $0.00 $716.64 $128,373.25
105 $128,373.25 $910.19 $0.00 $725.84 $130,009.28
106 $130,009.28 $910.19 $0.00 $735.09 $131,654.56
107 $131,654.56 $910.19 $0.00 $744.39 $133,309.14
108 $133,309.14 $910.19 $0.00 $753.75 $134,973.08
109 $134,973.08 $910.19 $0.00 $763.16 $136,646.43
110 $136,646.43 $910.19 $0.00 $772.62 $138,329.24
111 $138,329.24 $910.19 $0.00 $782.13 $140,021.56
112 $140,021.56 $910.19 $0.00 $791.70 $141,723.45
113 $141,723.45 $910.19 $0.00 $801.32 $143,434.96
114 $143,434.96 $910.19 $0.00 $811.00 $145,156.15
115 $145,156.15 $910.19 $0.00 $820.73 $146,887.07
116 $146,887.07 $910.19 $0.00 $830.52 $148,627.78
117 $148,627.78 $910.19 $0.00 $840.36 $150,378.33
118 $150,378.33 $910.19 $0.00 $850.26 $152,138.78
119 $152,138.78 $910.19 $0.00 $860.21 $153,909.18
120 $153,909.18 $910.19 $0.00 $870.22 $155,689.59
121 $155,689.59 $910.19 $0.00 $880.29 $157,480.07
122 $157,480.07 $910.19 $0.00 $890.42 $159,280.68
123 $159,280.68 $910.19 $0.00 $900.60 $161,091.47
124 $161,091.47 $910.19 $0.00 $910.83 $162,912.49
125 $162,912.49 $910.19 $0.00 $921.13 $164,743.81
126 $164,743.81 $910.19 $0.00 $931.49 $166,585.49
127 $166,585.49 $910.19 $0.00 $941.90 $168,437.58
128 $168,437.58 $910.19 $0.00 $952.37 $170,300.14
129 $170,300.14 $910.19 $0.00 $962.90 $172,173.23
130 $172,173.23 $910.19 $0.00 $973.49 $174,056.91
131 $174,056.91 $910.19 $0.00 $984.14 $175,951.24
132 $175,951.24 $910.19 $0.00 $994.85 $177,856.28
133 $177,856.28 $910.19 $0.00 $1,005.63 $179,772.10
134 $179,772.10 $910.19 $0.00 $1,016.46 $181,698.75
135 $181,698.75 $910.19 $0.00 $1,027.35 $183,636.29
136 $183,636.29 $910.19 $0.00 $1,038.31 $185,584.79
137 $185,584.79 $910.19 $0.00 $1,049.32 $187,544.30
138 $187,544.30 $910.19 $0.00 $1,060.40 $189,514.89
139 $189,514.89 $910.19 $0.00 $1,071.54 $191,496.62
140 $191,496.62 $910.19 $0.00 $1,082.75 $193,489.56
141 $193,489.56 $910.19 $0.00 $1,094.02 $195,493.77
142 $195,493.77 $910.19 $0.00 $1,105.35 $197,509.31
143 $197,509.31 $910.19 $0.00 $1,116.75 $199,536.25
144 $199,536.25 $910.19 $0.00 $1,128.21 $201,574.65
145 $201,574.65 $910.19 $0.00 $1,139.73 $203,624.57
146 $203,624.57 $910.19 $0.00 $1,151.32 $205,686.08
147 $205,686.08 $910.19 $0.00 $1,162.98 $207,759.25
148 $207,759.25 $910.19 $0.00 $1,174.70 $209,844.14
149 $209,844.14 $910.19 $0.00 $1,186.49 $211,940.82
150 $211,940.82 $910.19 $0.00 $1,198.34 $214,049.35
151 $214,049.35 $910.19 $0.00 $1,210.27 $216,169.81
152 $216,169.81 $910.19 $0.00 $1,222.26 $218,302.26
153 $218,302.26 $910.19 $0.00 $1,234.31 $220,446.76
154 $220,446.76 $910.19 $0.00 $1,246.44 $222,603.39
155 $222,603.39 $910.19 $0.00 $1,258.63 $224,772.21
156 $224,772.21 $910.19 $0.00 $1,270.89 $226,953.29
157 $226,953.29 $910.19 $0.00 $1,283.23 $229,146.71
158 $229,146.71 $910.19 $0.00 $1,295.63 $231,352.53
159 $231,352.53 $910.19 $0.00 $1,308.10 $233,570.82
160 $233,570.82 $910.19 $0.00 $1,320.64 $235,801.65
161 $235,801.65 $910.19 $0.00 $1,333.26 $238,045.10
162 $238,045.10 $910.19 $0.00 $1,345.94 $240,301.23
163 $240,301.23 $910.19 $0.00 $1,358.70 $242,570.12
164 $242,570.12 $910.19 $0.00 $1,371.53 $244,851.84
165 $244,851.84 $910.19 $0.00 $1,384.43 $247,146.46
166 $247,146.46 $910.19 $0.00 $1,397.40 $249,454.05
167 $249,454.05 $910.19 $0.00 $1,410.45 $251,774.69
168 $251,774.69 $910.19 $0.00 $1,423.57 $254,108.45
169 $254,108.45 $910.19 $0.00 $1,436.77 $256,455.41
170 $256,455.41 $910.19 $0.00 $1,450.04 $258,815.64
171 $258,815.64 $910.19 $0.00 $1,463.38 $261,189.21
172 $261,189.21 $910.19 $0.00 $1,476.80 $263,576.20
173 $263,576.20 $910.19 $0.00 $1,490.30 $265,976.69
174 $265,976.69 $910.19 $0.00 $1,503.87 $268,390.75
175 $268,390.75 $910.19 $0.00 $1,517.52 $270,818.46
176 $270,818.46 $910.19 $0.00 $1,531.25 $273,259.90
177 $273,259.90 $910.19 $0.00 $1,545.05 $275,715.14
178 $275,715.14 $910.19 $0.00 $1,558.93 $278,184.26
179 $278,184.26 $910.19 $0.00 $1,572.89 $280,667.34
180 $280,667.34 $910.19 $0.00 $1,586.93 $283,164.46
181 $283,164.46 $910.19 $0.00 $1,601.05 $285,675.70
182 $285,675.70 $910.19 $0.00 $1,615.25 $288,201.14
183 $288,201.14 $910.19 $0.00 $1,629.53 $290,740.86
184 $290,740.86 $910.19 $0.00 $1,643.89 $293,294.94
185 $293,294.94 $910.19 $0.00 $1,658.33 $295,863.46
186 $295,863.46 $910.19 $0.00 $1,672.86 $298,446.51
187 $298,446.51 $910.19 $0.00 $1,687.46 $301,044.16
188 $301,044.16 $910.19 $0.00 $1,702.15 $303,656.50
189 $303,656.50 $910.19 $0.00 $1,716.92 $306,283.61
190 $306,283.61 $910.19 $0.00 $1,731.77 $308,925.57
191 $308,925.57 $910.19 $0.00 $1,746.71 $311,582.47
192 $311,582.47 $910.19 $0.00 $1,761.73 $314,254.39
193 $314,254.39 $910.19 $0.00 $1,776.84 $316,941.42
194 $316,941.42 $910.19 $0.00 $1,792.03 $319,643.64
195 $319,643.64 $910.19 $0.00 $1,807.31 $322,361.14
196 $322,361.14 $910.19 $0.00 $1,822.68 $325,094.01
197 $325,094.01 $910.19 $0.00 $1,838.13 $327,842.33
198 $327,842.33 $910.19 $0.00 $1,853.67 $330,606.19
199 $330,606.19 $910.19 $0.00 $1,869.30 $333,385.68
200 $333,385.68 $910.19 $0.00 $1,885.01 $336,180.88
201 $336,180.88 $910.19 $0.00 $1,900.82 $338,991.89
202 $338,991.89 $910.19 $0.00 $1,916.71 $341,818.79
203 $341,818.79 $910.19 $0.00 $1,932.69 $344,661.67
204 $344,661.67 $910.19 $0.00 $1,948.77 $347,520.63
205 $347,520.63 $910.19 $0.00 $1,964.93 $350,395.75
206 $350,395.75 $910.19 $0.00 $1,981.19 $353,287.13
207 $353,287.13 $910.19 $0.00 $1,997.54 $356,194.86
208 $356,194.86 $910.19 $0.00 $2,013.98 $359,119.03
209 $359,119.03 $910.19 $0.00 $2,030.51 $362,059.73
210 $362,059.73 $910.19 $0.00 $2,047.14 $365,017.06
211 $365,017.06 $910.19 $0.00 $2,063.86 $367,991.11
212 $367,991.11 $910.19 $0.00 $2,080.68 $370,981.98
213 $370,981.98 $910.19 $0.00 $2,097.59 $373,989.76
214 $373,989.76 $910.19 $0.00 $2,114.59 $377,014.54
215 $377,014.54 $910.19 $0.00 $2,131.70 $380,056.43
216 $380,056.43 $910.19 $0.00 $2,148.89 $383,115.51
217 $383,115.51 $910.19 $106,709.50 $2,166.19 $279,482.39
218 $279,482.39 $910.19 $0.00 $1,580.23 $281,972.81
219 $281,972.81 $910.19 $0.00 $1,594.32 $284,477.32
220 $284,477.32 $910.19 $0.00 $1,608.48 $286,995.99
221 $286,995.99 $910.19 $0.00 $1,622.72 $289,528.90
222 $289,528.90 $910.19 $0.00 $1,637.04 $292,076.13
223 $292,076.13 $910.19 $0.00 $1,651.44 $294,637.76
224 $294,637.76 $910.19 $0.00 $1,665.92 $297,213.87
225 $297,213.87 $910.19 $0.00 $1,680.49 $299,804.55
226 $299,804.55 $910.19 $0.00 $1,695.14 $302,409.88
227 $302,409.88 $910.19 $0.00 $1,709.87 $305,029.94
228 $305,029.94 $910.19 $0.00 $1,724.68 $307,664.81
229 $307,664.81 $910.19 $112,044.97 $1,739.58 $198,269.61
230 $198,269.61 $910.19 $0.00 $1,121.05 $200,300.85
231 $200,300.85 $910.19 $0.00 $1,132.53 $202,343.57
232 $202,343.57 $910.19 $0.00 $1,144.08 $204,397.84
233 $204,397.84 $910.19 $0.00 $1,155.70 $206,463.73
234 $206,463.73 $910.19 $0.00 $1,167.38 $208,541.30
235 $208,541.30 $910.19 $0.00 $1,179.12 $210,630.61
236 $210,630.61 $910.19 $0.00 $1,190.94 $212,731.74
237 $212,731.74 $910.19 $0.00 $1,202.82 $214,844.75
238 $214,844.75 $910.19 $0.00 $1,214.76 $216,969.70
239 $216,969.70 $910.19 $0.00 $1,226.78 $219,106.67
240 $219,106.67 $910.19 $0.00 $1,238.86 $221,255.72
241 $221,255.72 $910.19 $117,647.22 $1,251.01 $105,769.70
242 $105,769.70 $910.19 $0.00 $598.04 $107,277.93
243 $107,277.93 $910.19 $0.00 $606.57 $108,794.69
244 $108,794.69 $910.19 $0.00 $615.14 $110,320.02
245 $110,320.02 $910.19 $0.00 $623.77 $111,853.98
246 $111,853.98 $910.19 $0.00 $632.44 $113,396.61
247 $113,396.61 $910.19 $0.00 $641.16 $114,947.96
248 $114,947.96 $910.19 $0.00 $649.93 $116,508.08
249 $116,508.08 $910.19 $0.00 $658.75 $118,077.02
250 $118,077.02 $910.19 $0.00 $667.62 $119,654.83
251 $119,654.83 $910.19 $0.00 $676.55 $121,241.57
252 $121,241.57 $910.19 $0.00 $685.52 $122,837.28
253 $122,837.28 $0.00 $123,529.58 $694.54 $2.24