# Savings Plan and Future Cost Estimation for North American College

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

## Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2041 \$62,683 Monthly savings required \$496

How much will it cost to send your child to North American College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at \$250,732.04 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of \$496.20 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 \$24,172.00 Years until enrollment 18 Annual Tuition Increase 5% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 4

## Current Savings Shortfall

### College Savings Calculator

Discover how much will you need to start saving now to afford North American College in the future.

## College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$496.20 \$0.00 \$0.00 \$496.20
2 \$496.20 \$496.20 \$0.00 \$2.81 \$995.21
3 \$995.21 \$496.20 \$0.00 \$5.63 \$1,497.04
4 \$1,497.04 \$496.20 \$0.00 \$8.46 \$2,001.70
5 \$2,001.70 \$496.20 \$0.00 \$11.32 \$2,509.22
6 \$2,509.22 \$496.20 \$0.00 \$14.19 \$3,019.61
7 \$3,019.61 \$496.20 \$0.00 \$17.07 \$3,532.88
8 \$3,532.88 \$496.20 \$0.00 \$19.98 \$4,049.06
9 \$4,049.06 \$496.20 \$0.00 \$22.89 \$4,568.15
10 \$4,568.15 \$496.20 \$0.00 \$25.83 \$5,090.18
11 \$5,090.18 \$496.20 \$0.00 \$28.78 \$5,615.16
12 \$5,615.16 \$496.20 \$0.00 \$31.75 \$6,143.11
13 \$6,143.11 \$496.20 \$0.00 \$34.73 \$6,674.04
14 \$6,674.04 \$496.20 \$0.00 \$37.74 \$7,207.98
15 \$7,207.98 \$496.20 \$0.00 \$40.75 \$7,744.93
16 \$7,744.93 \$496.20 \$0.00 \$43.79 \$8,284.92
17 \$8,284.92 \$496.20 \$0.00 \$46.84 \$8,827.96
18 \$8,827.96 \$496.20 \$0.00 \$49.91 \$9,374.07
19 \$9,374.07 \$496.20 \$0.00 \$53.00 \$9,923.27
20 \$9,923.27 \$496.20 \$0.00 \$56.11 \$10,475.58
21 \$10,475.58 \$496.20 \$0.00 \$59.23 \$11,031.01
22 \$11,031.01 \$496.20 \$0.00 \$62.37 \$11,589.58
23 \$11,589.58 \$496.20 \$0.00 \$65.53 \$12,151.31
24 \$12,151.31 \$496.20 \$0.00 \$68.71 \$12,716.22
25 \$12,716.22 \$496.20 \$0.00 \$71.90 \$13,284.32
26 \$13,284.32 \$496.20 \$0.00 \$75.11 \$13,855.63
27 \$13,855.63 \$496.20 \$0.00 \$78.34 \$14,430.17
28 \$14,430.17 \$496.20 \$0.00 \$81.59 \$15,007.96
29 \$15,007.96 \$496.20 \$0.00 \$84.86 \$15,589.02
30 \$15,589.02 \$496.20 \$0.00 \$88.14 \$16,173.36
31 \$16,173.36 \$496.20 \$0.00 \$91.45 \$16,761.01
32 \$16,761.01 \$496.20 \$0.00 \$94.77 \$17,351.98
33 \$17,351.98 \$496.20 \$0.00 \$98.11 \$17,946.29
34 \$17,946.29 \$496.20 \$0.00 \$101.47 \$18,543.96
35 \$18,543.96 \$496.20 \$0.00 \$104.85 \$19,145.01
36 \$19,145.01 \$496.20 \$0.00 \$108.25 \$19,749.46
37 \$19,749.46 \$496.20 \$0.00 \$111.67 \$20,357.33
38 \$20,357.33 \$496.20 \$0.00 \$115.10 \$20,968.63
39 \$20,968.63 \$496.20 \$0.00 \$118.56 \$21,583.39
40 \$21,583.39 \$496.20 \$0.00 \$122.04 \$22,201.63
41 \$22,201.63 \$496.20 \$0.00 \$125.53 \$22,823.36
42 \$22,823.36 \$496.20 \$0.00 \$129.05 \$23,448.61
43 \$23,448.61 \$496.20 \$0.00 \$132.58 \$24,077.39
44 \$24,077.39 \$496.20 \$0.00 \$136.14 \$24,709.73
45 \$24,709.73 \$496.20 \$0.00 \$139.71 \$25,345.64
46 \$25,345.64 \$496.20 \$0.00 \$143.31 \$25,985.15
47 \$25,985.15 \$496.20 \$0.00 \$146.92 \$26,628.27
48 \$26,628.27 \$496.20 \$0.00 \$150.56 \$27,275.03
49 \$27,275.03 \$496.20 \$0.00 \$154.22 \$27,925.45
50 \$27,925.45 \$496.20 \$0.00 \$157.89 \$28,579.54
51 \$28,579.54 \$496.20 \$0.00 \$161.59 \$29,237.33
52 \$29,237.33 \$496.20 \$0.00 \$165.31 \$29,898.84
53 \$29,898.84 \$496.20 \$0.00 \$169.05 \$30,564.09
54 \$30,564.09 \$496.20 \$0.00 \$172.81 \$31,233.10
55 \$31,233.10 \$496.20 \$0.00 \$176.60 \$31,905.90
56 \$31,905.90 \$496.20 \$0.00 \$180.40 \$32,582.50
57 \$32,582.50 \$496.20 \$0.00 \$184.23 \$33,262.93
58 \$33,262.93 \$496.20 \$0.00 \$188.07 \$33,947.20
59 \$33,947.20 \$496.20 \$0.00 \$191.94 \$34,635.34
60 \$34,635.34 \$496.20 \$0.00 \$195.83 \$35,327.37
61 \$35,327.37 \$496.20 \$0.00 \$199.75 \$36,023.32
62 \$36,023.32 \$496.20 \$0.00 \$203.68 \$36,723.20
63 \$36,723.20 \$496.20 \$0.00 \$207.64 \$37,427.04
64 \$37,427.04 \$496.20 \$0.00 \$211.62 \$38,134.86
65 \$38,134.86 \$496.20 \$0.00 \$215.62 \$38,846.68
66 \$38,846.68 \$496.20 \$0.00 \$219.64 \$39,562.52
67 \$39,562.52 \$496.20 \$0.00 \$223.69 \$40,282.41
68 \$40,282.41 \$496.20 \$0.00 \$227.76 \$41,006.37
69 \$41,006.37 \$496.20 \$0.00 \$231.86 \$41,734.43
70 \$41,734.43 \$496.20 \$0.00 \$235.97 \$42,466.60
71 \$42,466.60 \$496.20 \$0.00 \$240.11 \$43,202.91
72 \$43,202.91 \$496.20 \$0.00 \$244.28 \$43,943.39
73 \$43,943.39 \$496.20 \$0.00 \$248.46 \$44,688.05
74 \$44,688.05 \$496.20 \$0.00 \$252.67 \$45,436.92
75 \$45,436.92 \$496.20 \$0.00 \$256.91 \$46,190.03
76 \$46,190.03 \$496.20 \$0.00 \$261.17 \$46,947.40
77 \$46,947.40 \$496.20 \$0.00 \$265.45 \$47,709.05
78 \$47,709.05 \$496.20 \$0.00 \$269.75 \$48,475.00
79 \$48,475.00 \$496.20 \$0.00 \$274.08 \$49,245.28
80 \$49,245.28 \$496.20 \$0.00 \$278.44 \$50,019.92
81 \$50,019.92 \$496.20 \$0.00 \$282.82 \$50,798.94
82 \$50,798.94 \$496.20 \$0.00 \$287.22 \$51,582.36
83 \$51,582.36 \$496.20 \$0.00 \$291.65 \$52,370.21
84 \$52,370.21 \$496.20 \$0.00 \$296.11 \$53,162.52
85 \$53,162.52 \$496.20 \$0.00 \$300.59 \$53,959.31
86 \$53,959.31 \$496.20 \$0.00 \$305.09 \$54,760.60
87 \$54,760.60 \$496.20 \$0.00 \$309.62 \$55,566.42
88 \$55,566.42 \$496.20 \$0.00 \$314.18 \$56,376.80
89 \$56,376.80 \$496.20 \$0.00 \$318.76 \$57,191.76
90 \$57,191.76 \$496.20 \$0.00 \$323.37 \$58,011.33
91 \$58,011.33 \$496.20 \$0.00 \$328.00 \$58,835.53
92 \$58,835.53 \$496.20 \$0.00 \$332.66 \$59,664.39
93 \$59,664.39 \$496.20 \$0.00 \$337.35 \$60,497.94
94 \$60,497.94 \$496.20 \$0.00 \$342.06 \$61,336.20
95 \$61,336.20 \$496.20 \$0.00 \$346.80 \$62,179.20
96 \$62,179.20 \$496.20 \$0.00 \$351.57 \$63,026.97
97 \$63,026.97 \$496.20 \$0.00 \$356.36 \$63,879.53
98 \$63,879.53 \$496.20 \$0.00 \$361.18 \$64,736.91
99 \$64,736.91 \$496.20 \$0.00 \$366.03 \$65,599.14
100 \$65,599.14 \$496.20 \$0.00 \$370.91 \$66,466.25
101 \$66,466.25 \$496.20 \$0.00 \$375.81 \$67,338.26
102 \$67,338.26 \$496.20 \$0.00 \$380.74 \$68,215.20
103 \$68,215.20 \$496.20 \$0.00 \$385.70 \$69,097.10
104 \$69,097.10 \$496.20 \$0.00 \$390.69 \$69,983.99
105 \$69,983.99 \$496.20 \$0.00 \$395.70 \$70,875.89
106 \$70,875.89 \$496.20 \$0.00 \$400.74 \$71,772.83
107 \$71,772.83 \$496.20 \$0.00 \$405.81 \$72,674.84
108 \$72,674.84 \$496.20 \$0.00 \$410.91 \$73,581.95
109 \$73,581.95 \$496.20 \$0.00 \$416.04 \$74,494.19
110 \$74,494.19 \$496.20 \$0.00 \$421.20 \$75,411.59
111 \$75,411.59 \$496.20 \$0.00 \$426.39 \$76,334.18
112 \$76,334.18 \$496.20 \$0.00 \$431.60 \$77,261.98
113 \$77,261.98 \$496.20 \$0.00 \$436.85 \$78,195.03
114 \$78,195.03 \$496.20 \$0.00 \$442.13 \$79,133.36
115 \$79,133.36 \$496.20 \$0.00 \$447.43 \$80,076.99
116 \$80,076.99 \$496.20 \$0.00 \$452.77 \$81,025.96
117 \$81,025.96 \$496.20 \$0.00 \$458.13 \$81,980.29
118 \$81,980.29 \$496.20 \$0.00 \$463.53 \$82,940.02
119 \$82,940.02 \$496.20 \$0.00 \$468.95 \$83,905.17
120 \$83,905.17 \$496.20 \$0.00 \$474.41 \$84,875.78
121 \$84,875.78 \$496.20 \$0.00 \$479.90 \$85,851.88
122 \$85,851.88 \$496.20 \$0.00 \$485.42 \$86,833.50
123 \$86,833.50 \$496.20 \$0.00 \$490.97 \$87,820.67
124 \$87,820.67 \$496.20 \$0.00 \$496.55 \$88,813.42
125 \$88,813.42 \$496.20 \$0.00 \$502.16 \$89,811.78
126 \$89,811.78 \$496.20 \$0.00 \$507.81 \$90,815.79
127 \$90,815.79 \$496.20 \$0.00 \$513.49 \$91,825.48
128 \$91,825.48 \$496.20 \$0.00 \$519.19 \$92,840.87
129 \$92,840.87 \$496.20 \$0.00 \$524.94 \$93,862.01
130 \$93,862.01 \$496.20 \$0.00 \$530.71 \$94,888.92
131 \$94,888.92 \$496.20 \$0.00 \$536.52 \$95,921.64
132 \$95,921.64 \$496.20 \$0.00 \$542.35 \$96,960.19
133 \$96,960.19 \$496.20 \$0.00 \$548.23 \$98,004.62
134 \$98,004.62 \$496.20 \$0.00 \$554.13 \$99,054.95
135 \$99,054.95 \$496.20 \$0.00 \$560.07 \$100,111.22
136 \$100,111.22 \$496.20 \$0.00 \$566.04 \$101,173.46
137 \$101,173.46 \$496.20 \$0.00 \$572.05 \$102,241.71
138 \$102,241.71 \$496.20 \$0.00 \$578.09 \$103,316.00
139 \$103,316.00 \$496.20 \$0.00 \$584.16 \$104,396.36
140 \$104,396.36 \$496.20 \$0.00 \$590.27 \$105,482.83
141 \$105,482.83 \$496.20 \$0.00 \$596.42 \$106,575.45
142 \$106,575.45 \$496.20 \$0.00 \$602.59 \$107,674.24
143 \$107,674.24 \$496.20 \$0.00 \$608.81 \$108,779.25
144 \$108,779.25 \$496.20 \$0.00 \$615.05 \$109,890.50
145 \$109,890.50 \$496.20 \$0.00 \$621.34 \$111,008.04
146 \$111,008.04 \$496.20 \$0.00 \$627.66 \$112,131.90
147 \$112,131.90 \$496.20 \$0.00 \$634.01 \$113,262.11
148 \$113,262.11 \$496.20 \$0.00 \$640.40 \$114,398.71
149 \$114,398.71 \$496.20 \$0.00 \$646.83 \$115,541.74
150 \$115,541.74 \$496.20 \$0.00 \$653.29 \$116,691.23
151 \$116,691.23 \$496.20 \$0.00 \$659.79 \$117,847.22
152 \$117,847.22 \$496.20 \$0.00 \$666.33 \$119,009.75
153 \$119,009.75 \$496.20 \$0.00 \$672.90 \$120,178.85
154 \$120,178.85 \$496.20 \$0.00 \$679.51 \$121,354.56
155 \$121,354.56 \$496.20 \$0.00 \$686.16 \$122,536.92
156 \$122,536.92 \$496.20 \$0.00 \$692.84 \$123,725.96
157 \$123,725.96 \$496.20 \$0.00 \$699.56 \$124,921.72
158 \$124,921.72 \$496.20 \$0.00 \$706.33 \$126,124.25
159 \$126,124.25 \$496.20 \$0.00 \$713.12 \$127,333.57
160 \$127,333.57 \$496.20 \$0.00 \$719.96 \$128,549.73
161 \$128,549.73 \$496.20 \$0.00 \$726.84 \$129,772.77
162 \$129,772.77 \$496.20 \$0.00 \$733.75 \$131,002.72
163 \$131,002.72 \$496.20 \$0.00 \$740.71 \$132,239.63
164 \$132,239.63 \$496.20 \$0.00 \$747.70 \$133,483.53
165 \$133,483.53 \$496.20 \$0.00 \$754.74 \$134,734.47
166 \$134,734.47 \$496.20 \$0.00 \$761.81 \$135,992.48
167 \$135,992.48 \$496.20 \$0.00 \$768.92 \$137,257.60
168 \$137,257.60 \$496.20 \$0.00 \$776.07 \$138,529.87
169 \$138,529.87 \$496.20 \$0.00 \$783.27 \$139,809.34
170 \$139,809.34 \$496.20 \$0.00 \$790.50 \$141,096.04
171 \$141,096.04 \$496.20 \$0.00 \$797.78 \$142,390.02
172 \$142,390.02 \$496.20 \$0.00 \$805.09 \$143,691.31
173 \$143,691.31 \$496.20 \$0.00 \$812.45 \$144,999.96
174 \$144,999.96 \$496.20 \$0.00 \$819.85 \$146,316.01
175 \$146,316.01 \$496.20 \$0.00 \$827.29 \$147,639.50
176 \$147,639.50 \$496.20 \$0.00 \$834.78 \$148,970.48
177 \$148,970.48 \$496.20 \$0.00 \$842.30 \$150,308.98
178 \$150,308.98 \$496.20 \$0.00 \$849.87 \$151,655.05
179 \$151,655.05 \$496.20 \$0.00 \$857.48 \$153,008.73
180 \$153,008.73 \$496.20 \$0.00 \$865.13 \$154,370.06
181 \$154,370.06 \$496.20 \$0.00 \$872.83 \$155,739.09
182 \$155,739.09 \$496.20 \$0.00 \$880.57 \$157,115.86
183 \$157,115.86 \$496.20 \$0.00 \$888.36 \$158,500.42
184 \$158,500.42 \$496.20 \$0.00 \$896.18 \$159,892.80
185 \$159,892.80 \$496.20 \$0.00 \$904.06 \$161,293.06
186 \$161,293.06 \$496.20 \$0.00 \$911.97 \$162,701.23
187 \$162,701.23 \$496.20 \$0.00 \$919.94 \$164,117.37
188 \$164,117.37 \$496.20 \$0.00 \$927.94 \$165,541.51
189 \$165,541.51 \$496.20 \$0.00 \$936.00 \$166,973.71
190 \$166,973.71 \$496.20 \$0.00 \$944.09 \$168,414.00
191 \$168,414.00 \$496.20 \$0.00 \$952.24 \$169,862.44
192 \$169,862.44 \$496.20 \$0.00 \$960.43 \$171,319.07
193 \$171,319.07 \$496.20 \$0.00 \$968.66 \$172,783.93
194 \$172,783.93 \$496.20 \$0.00 \$976.95 \$174,257.08
195 \$174,257.08 \$496.20 \$0.00 \$985.27 \$175,738.55
196 \$175,738.55 \$496.20 \$0.00 \$993.65 \$177,228.40
197 \$177,228.40 \$496.20 \$0.00 \$1,002.08 \$178,726.68
198 \$178,726.68 \$496.20 \$0.00 \$1,010.55 \$180,233.43
199 \$180,233.43 \$496.20 \$0.00 \$1,019.07 \$181,748.70
200 \$181,748.70 \$496.20 \$0.00 \$1,027.63 \$183,272.53
201 \$183,272.53 \$496.20 \$0.00 \$1,036.25 \$184,804.98
202 \$184,804.98 \$496.20 \$0.00 \$1,044.91 \$186,346.09
203 \$186,346.09 \$496.20 \$0.00 \$1,053.63 \$187,895.92
204 \$187,895.92 \$496.20 \$0.00 \$1,062.39 \$189,454.51
205 \$189,454.51 \$496.20 \$0.00 \$1,071.20 \$191,021.91
206 \$191,021.91 \$496.20 \$0.00 \$1,080.07 \$192,598.18
207 \$192,598.18 \$496.20 \$0.00 \$1,088.98 \$194,183.36
208 \$194,183.36 \$496.20 \$0.00 \$1,097.94 \$195,777.50
209 \$195,777.50 \$496.20 \$0.00 \$1,106.95 \$197,380.65
210 \$197,380.65 \$496.20 \$0.00 \$1,116.02 \$198,992.87
211 \$198,992.87 \$496.20 \$0.00 \$1,125.13 \$200,614.20
212 \$200,614.20 \$496.20 \$0.00 \$1,134.30 \$202,244.70
213 \$202,244.70 \$496.20 \$0.00 \$1,143.52 \$203,884.42
214 \$203,884.42 \$496.20 \$0.00 \$1,152.79 \$205,533.41
215 \$205,533.41 \$496.20 \$0.00 \$1,162.12 \$207,191.73
216 \$207,191.73 \$496.20 \$0.00 \$1,171.49 \$208,859.42
217 \$208,859.42 \$496.20 \$58,172.80 \$1,180.92 \$152,363.74
218 \$152,363.74 \$496.20 \$0.00 \$861.49 \$153,721.43
219 \$153,721.43 \$496.20 \$0.00 \$869.16 \$155,086.79
220 \$155,086.79 \$496.20 \$0.00 \$876.88 \$156,459.87
221 \$156,459.87 \$496.20 \$0.00 \$884.65 \$157,840.72
222 \$157,840.72 \$496.20 \$0.00 \$892.45 \$159,229.37
223 \$159,229.37 \$496.20 \$0.00 \$900.31 \$160,625.88
224 \$160,625.88 \$496.20 \$0.00 \$908.20 \$162,030.28
225 \$162,030.28 \$496.20 \$0.00 \$916.14 \$163,442.62
226 \$163,442.62 \$496.20 \$0.00 \$924.13 \$164,862.95
227 \$164,862.95 \$496.20 \$0.00 \$932.16 \$166,291.31
228 \$166,291.31 \$496.20 \$0.00 \$940.24 \$167,727.75
229 \$167,727.75 \$496.20 \$61,081.44 \$948.36 \$108,090.87
230 \$108,090.87 \$496.20 \$0.00 \$611.16 \$109,198.23
231 \$109,198.23 \$496.20 \$0.00 \$617.42 \$110,311.85
232 \$110,311.85 \$496.20 \$0.00 \$623.72 \$111,431.77
233 \$111,431.77 \$496.20 \$0.00 \$630.05 \$112,558.02
234 \$112,558.02 \$496.20 \$0.00 \$636.42 \$113,690.64
235 \$113,690.64 \$496.20 \$0.00 \$642.82 \$114,829.66
236 \$114,829.66 \$496.20 \$0.00 \$649.26 \$115,975.12
237 \$115,975.12 \$496.20 \$0.00 \$655.74 \$117,127.06
238 \$117,127.06 \$496.20 \$0.00 \$662.25 \$118,285.51
239 \$118,285.51 \$496.20 \$0.00 \$668.80 \$119,450.51
240 \$119,450.51 \$496.20 \$0.00 \$675.39 \$120,622.10
241 \$120,622.10 \$496.20 \$64,135.51 \$682.01 \$57,664.80
242 \$57,664.80 \$496.20 \$0.00 \$326.05 \$58,487.05
243 \$58,487.05 \$496.20 \$0.00 \$330.69 \$59,313.94
244 \$59,313.94 \$496.20 \$0.00 \$335.37 \$60,145.51
245 \$60,145.51 \$496.20 \$0.00 \$340.07 \$60,981.78
246 \$60,981.78 \$496.20 \$0.00 \$344.80 \$61,822.78
247 \$61,822.78 \$496.20 \$0.00 \$349.55 \$62,668.53
248 \$62,668.53 \$496.20 \$0.00 \$354.34 \$63,519.07
249 \$63,519.07 \$496.20 \$0.00 \$359.15 \$64,374.42
250 \$64,374.42 \$496.20 \$0.00 \$363.98 \$65,234.60
251 \$65,234.60 \$496.20 \$0.00 \$368.85 \$66,099.65
252 \$66,099.65 \$496.20 \$0.00 \$373.74 \$66,969.59
253 \$66,969.59 \$0.00 \$67,342.29 \$378.66 \$5.96