Savings Plan and Future Cost Estimation for Norwich University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$155,717
Monthly savings required$1,233

How much will it cost to send your child to Norwich University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $622,867.68 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,232.63 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$60,048.00
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 $1,232.63 $0.00 $0.00 $1,232.63
2 $1,232.63 $1,232.63 $0.00 $6.97 $2,472.23
3 $2,472.23 $1,232.63 $0.00 $13.98 $3,718.84
4 $3,718.84 $1,232.63 $0.00 $21.03 $4,972.50
5 $4,972.50 $1,232.63 $0.00 $28.12 $6,233.25
6 $6,233.25 $1,232.63 $0.00 $35.24 $7,501.12
7 $7,501.12 $1,232.63 $0.00 $42.41 $8,776.16
8 $8,776.16 $1,232.63 $0.00 $49.62 $10,058.41
9 $10,058.41 $1,232.63 $0.00 $56.87 $11,347.91
10 $11,347.91 $1,232.63 $0.00 $64.16 $12,644.70
11 $12,644.70 $1,232.63 $0.00 $71.49 $13,948.82
12 $13,948.82 $1,232.63 $0.00 $78.87 $15,260.32
13 $15,260.32 $1,232.63 $0.00 $86.28 $16,579.23
14 $16,579.23 $1,232.63 $0.00 $93.74 $17,905.60
15 $17,905.60 $1,232.63 $0.00 $101.24 $19,239.47
16 $19,239.47 $1,232.63 $0.00 $108.78 $20,580.88
17 $20,580.88 $1,232.63 $0.00 $116.37 $21,929.88
18 $21,929.88 $1,232.63 $0.00 $123.99 $23,286.50
19 $23,286.50 $1,232.63 $0.00 $131.67 $24,650.80
20 $24,650.80 $1,232.63 $0.00 $139.38 $26,022.81
21 $26,022.81 $1,232.63 $0.00 $147.14 $27,402.58
22 $27,402.58 $1,232.63 $0.00 $154.94 $28,790.15
23 $28,790.15 $1,232.63 $0.00 $162.78 $30,185.56
24 $30,185.56 $1,232.63 $0.00 $170.67 $31,588.86
25 $31,588.86 $1,232.63 $0.00 $178.61 $33,000.10
26 $33,000.10 $1,232.63 $0.00 $186.59 $34,419.32
27 $34,419.32 $1,232.63 $0.00 $194.61 $35,846.56
28 $35,846.56 $1,232.63 $0.00 $202.68 $37,281.87
29 $37,281.87 $1,232.63 $0.00 $210.80 $38,725.30
30 $38,725.30 $1,232.63 $0.00 $218.96 $40,176.89
31 $40,176.89 $1,232.63 $0.00 $227.17 $41,636.69
32 $41,636.69 $1,232.63 $0.00 $235.42 $43,104.74
33 $43,104.74 $1,232.63 $0.00 $243.72 $44,581.09
34 $44,581.09 $1,232.63 $0.00 $252.07 $46,065.79
35 $46,065.79 $1,232.63 $0.00 $260.46 $47,558.88
36 $47,558.88 $1,232.63 $0.00 $268.90 $49,060.41
37 $49,060.41 $1,232.63 $0.00 $277.39 $50,570.43
38 $50,570.43 $1,232.63 $0.00 $285.93 $52,088.99
39 $52,088.99 $1,232.63 $0.00 $294.52 $53,616.14
40 $53,616.14 $1,232.63 $0.00 $303.15 $55,151.92
41 $55,151.92 $1,232.63 $0.00 $311.84 $56,696.39
42 $56,696.39 $1,232.63 $0.00 $320.57 $58,249.59
43 $58,249.59 $1,232.63 $0.00 $329.35 $59,811.57
44 $59,811.57 $1,232.63 $0.00 $338.18 $61,382.38
45 $61,382.38 $1,232.63 $0.00 $347.06 $62,962.07
46 $62,962.07 $1,232.63 $0.00 $356.00 $64,550.70
47 $64,550.70 $1,232.63 $0.00 $364.98 $66,148.31
48 $66,148.31 $1,232.63 $0.00 $374.01 $67,754.95
49 $67,754.95 $1,232.63 $0.00 $383.10 $69,370.68
50 $69,370.68 $1,232.63 $0.00 $392.23 $70,995.54
51 $70,995.54 $1,232.63 $0.00 $401.42 $72,629.59
52 $72,629.59 $1,232.63 $0.00 $410.66 $74,272.88
53 $74,272.88 $1,232.63 $0.00 $419.95 $75,925.46
54 $75,925.46 $1,232.63 $0.00 $429.29 $77,587.38
55 $77,587.38 $1,232.63 $0.00 $438.69 $79,258.70
56 $79,258.70 $1,232.63 $0.00 $448.14 $80,939.47
57 $80,939.47 $1,232.63 $0.00 $457.64 $82,629.74
58 $82,629.74 $1,232.63 $0.00 $467.20 $84,329.57
59 $84,329.57 $1,232.63 $0.00 $476.81 $86,039.01
60 $86,039.01 $1,232.63 $0.00 $486.48 $87,758.12
61 $87,758.12 $1,232.63 $0.00 $496.20 $89,486.95
62 $89,486.95 $1,232.63 $0.00 $505.97 $91,225.55
63 $91,225.55 $1,232.63 $0.00 $515.80 $92,973.98
64 $92,973.98 $1,232.63 $0.00 $525.69 $94,732.30
65 $94,732.30 $1,232.63 $0.00 $535.63 $96,500.56
66 $96,500.56 $1,232.63 $0.00 $545.63 $98,278.82
67 $98,278.82 $1,232.63 $0.00 $555.68 $100,067.13
68 $100,067.13 $1,232.63 $0.00 $565.79 $101,865.55
69 $101,865.55 $1,232.63 $0.00 $575.96 $103,674.14
70 $103,674.14 $1,232.63 $0.00 $586.19 $105,492.96
71 $105,492.96 $1,232.63 $0.00 $596.47 $107,322.06
72 $107,322.06 $1,232.63 $0.00 $606.81 $109,161.50
73 $109,161.50 $1,232.63 $0.00 $617.21 $111,011.34
74 $111,011.34 $1,232.63 $0.00 $627.67 $112,871.64
75 $112,871.64 $1,232.63 $0.00 $638.19 $114,742.46
76 $114,742.46 $1,232.63 $0.00 $648.77 $116,623.86
77 $116,623.86 $1,232.63 $0.00 $659.41 $118,515.90
78 $118,515.90 $1,232.63 $0.00 $670.11 $120,418.64
79 $120,418.64 $1,232.63 $0.00 $680.86 $122,332.13
80 $122,332.13 $1,232.63 $0.00 $691.68 $124,256.44
81 $124,256.44 $1,232.63 $0.00 $702.56 $126,191.63
82 $126,191.63 $1,232.63 $0.00 $713.51 $128,137.77
83 $128,137.77 $1,232.63 $0.00 $724.51 $130,094.91
84 $130,094.91 $1,232.63 $0.00 $735.58 $132,063.12
85 $132,063.12 $1,232.63 $0.00 $746.70 $134,042.45
86 $134,042.45 $1,232.63 $0.00 $757.90 $136,032.98
87 $136,032.98 $1,232.63 $0.00 $769.15 $138,034.76
88 $138,034.76 $1,232.63 $0.00 $780.47 $140,047.86
89 $140,047.86 $1,232.63 $0.00 $791.85 $142,072.34
90 $142,072.34 $1,232.63 $0.00 $803.30 $144,108.27
91 $144,108.27 $1,232.63 $0.00 $814.81 $146,155.71
92 $146,155.71 $1,232.63 $0.00 $826.39 $148,214.73
93 $148,214.73 $1,232.63 $0.00 $838.03 $150,285.39
94 $150,285.39 $1,232.63 $0.00 $849.74 $152,367.76
95 $152,367.76 $1,232.63 $0.00 $861.51 $154,461.90
96 $154,461.90 $1,232.63 $0.00 $873.35 $156,567.88
97 $156,567.88 $1,232.63 $0.00 $885.26 $158,685.77
98 $158,685.77 $1,232.63 $0.00 $897.23 $160,815.63
99 $160,815.63 $1,232.63 $0.00 $909.27 $162,957.53
100 $162,957.53 $1,232.63 $0.00 $921.39 $165,111.55
101 $165,111.55 $1,232.63 $0.00 $933.56 $167,277.74
102 $167,277.74 $1,232.63 $0.00 $945.81 $169,456.18
103 $169,456.18 $1,232.63 $0.00 $958.13 $171,646.94
104 $171,646.94 $1,232.63 $0.00 $970.52 $173,850.09
105 $173,850.09 $1,232.63 $0.00 $982.97 $176,065.69
106 $176,065.69 $1,232.63 $0.00 $995.50 $178,293.82
107 $178,293.82 $1,232.63 $0.00 $1,008.10 $180,534.55
108 $180,534.55 $1,232.63 $0.00 $1,020.77 $182,787.95
109 $182,787.95 $1,232.63 $0.00 $1,033.51 $185,054.09
110 $185,054.09 $1,232.63 $0.00 $1,046.32 $187,333.04
111 $187,333.04 $1,232.63 $0.00 $1,059.21 $189,624.88
112 $189,624.88 $1,232.63 $0.00 $1,072.17 $191,929.68
113 $191,929.68 $1,232.63 $0.00 $1,085.20 $194,247.51
114 $194,247.51 $1,232.63 $0.00 $1,098.30 $196,578.44
115 $196,578.44 $1,232.63 $0.00 $1,111.48 $198,922.55
116 $198,922.55 $1,232.63 $0.00 $1,124.74 $201,279.92
117 $201,279.92 $1,232.63 $0.00 $1,138.07 $203,650.62
118 $203,650.62 $1,232.63 $0.00 $1,151.47 $206,034.72
119 $206,034.72 $1,232.63 $0.00 $1,164.95 $208,432.30
120 $208,432.30 $1,232.63 $0.00 $1,178.51 $210,843.44
121 $210,843.44 $1,232.63 $0.00 $1,192.14 $213,268.21
122 $213,268.21 $1,232.63 $0.00 $1,205.85 $215,706.69
123 $215,706.69 $1,232.63 $0.00 $1,219.64 $218,158.96
124 $218,158.96 $1,232.63 $0.00 $1,233.50 $220,625.09
125 $220,625.09 $1,232.63 $0.00 $1,247.45 $223,105.17
126 $223,105.17 $1,232.63 $0.00 $1,261.47 $225,599.27
127 $225,599.27 $1,232.63 $0.00 $1,275.57 $228,107.47
128 $228,107.47 $1,232.63 $0.00 $1,289.75 $230,629.85
129 $230,629.85 $1,232.63 $0.00 $1,304.01 $233,166.49
130 $233,166.49 $1,232.63 $0.00 $1,318.36 $235,717.48
131 $235,717.48 $1,232.63 $0.00 $1,332.78 $238,282.89
132 $238,282.89 $1,232.63 $0.00 $1,347.29 $240,862.81
133 $240,862.81 $1,232.63 $0.00 $1,361.87 $243,457.31
134 $243,457.31 $1,232.63 $0.00 $1,376.54 $246,066.48
135 $246,066.48 $1,232.63 $0.00 $1,391.30 $248,690.41
136 $248,690.41 $1,232.63 $0.00 $1,406.13 $251,329.17
137 $251,329.17 $1,232.63 $0.00 $1,421.05 $253,982.85
138 $253,982.85 $1,232.63 $0.00 $1,436.06 $256,651.54
139 $256,651.54 $1,232.63 $0.00 $1,451.15 $259,335.32
140 $259,335.32 $1,232.63 $0.00 $1,466.32 $262,034.27
141 $262,034.27 $1,232.63 $0.00 $1,481.58 $264,748.48
142 $264,748.48 $1,232.63 $0.00 $1,496.93 $267,478.04
143 $267,478.04 $1,232.63 $0.00 $1,512.36 $270,223.03
144 $270,223.03 $1,232.63 $0.00 $1,527.88 $272,983.54
145 $272,983.54 $1,232.63 $0.00 $1,543.49 $275,759.66
146 $275,759.66 $1,232.63 $0.00 $1,559.19 $278,551.48
147 $278,551.48 $1,232.63 $0.00 $1,574.97 $281,359.08
148 $281,359.08 $1,232.63 $0.00 $1,590.85 $284,182.56
149 $284,182.56 $1,232.63 $0.00 $1,606.81 $287,022.00
150 $287,022.00 $1,232.63 $0.00 $1,622.86 $289,877.49
151 $289,877.49 $1,232.63 $0.00 $1,639.01 $292,749.13
152 $292,749.13 $1,232.63 $0.00 $1,655.25 $295,637.01
153 $295,637.01 $1,232.63 $0.00 $1,671.57 $298,541.21
154 $298,541.21 $1,232.63 $0.00 $1,688.00 $301,461.84
155 $301,461.84 $1,232.63 $0.00 $1,704.51 $304,398.98
156 $304,398.98 $1,232.63 $0.00 $1,721.12 $307,352.73
157 $307,352.73 $1,232.63 $0.00 $1,737.82 $310,323.18
158 $310,323.18 $1,232.63 $0.00 $1,754.61 $313,310.42
159 $313,310.42 $1,232.63 $0.00 $1,771.50 $316,314.55
160 $316,314.55 $1,232.63 $0.00 $1,788.49 $319,335.67
161 $319,335.67 $1,232.63 $0.00 $1,805.57 $322,373.87
162 $322,373.87 $1,232.63 $0.00 $1,822.75 $325,429.25
163 $325,429.25 $1,232.63 $0.00 $1,840.02 $328,501.90
164 $328,501.90 $1,232.63 $0.00 $1,857.40 $331,591.93
165 $331,591.93 $1,232.63 $0.00 $1,874.87 $334,699.43
166 $334,699.43 $1,232.63 $0.00 $1,892.44 $337,824.50
167 $337,824.50 $1,232.63 $0.00 $1,910.11 $340,967.24
168 $340,967.24 $1,232.63 $0.00 $1,927.88 $344,127.75
169 $344,127.75 $1,232.63 $0.00 $1,945.75 $347,306.13
170 $347,306.13 $1,232.63 $0.00 $1,963.72 $350,502.48
171 $350,502.48 $1,232.63 $0.00 $1,981.79 $353,716.90
172 $353,716.90 $1,232.63 $0.00 $1,999.97 $356,949.50
173 $356,949.50 $1,232.63 $0.00 $2,018.24 $360,200.37
174 $360,200.37 $1,232.63 $0.00 $2,036.63 $363,469.63
175 $363,469.63 $1,232.63 $0.00 $2,055.11 $366,757.37
176 $366,757.37 $1,232.63 $0.00 $2,073.70 $370,063.70
177 $370,063.70 $1,232.63 $0.00 $2,092.39 $373,388.72
178 $373,388.72 $1,232.63 $0.00 $2,111.19 $376,732.54
179 $376,732.54 $1,232.63 $0.00 $2,130.10 $380,095.27
180 $380,095.27 $1,232.63 $0.00 $2,149.11 $383,477.01
181 $383,477.01 $1,232.63 $0.00 $2,168.23 $386,877.87
182 $386,877.87 $1,232.63 $0.00 $2,187.46 $390,297.96
183 $390,297.96 $1,232.63 $0.00 $2,206.80 $393,737.39
184 $393,737.39 $1,232.63 $0.00 $2,226.25 $397,196.27
185 $397,196.27 $1,232.63 $0.00 $2,245.81 $400,674.71
186 $400,674.71 $1,232.63 $0.00 $2,265.47 $404,172.81
187 $404,172.81 $1,232.63 $0.00 $2,285.25 $407,690.69
188 $407,690.69 $1,232.63 $0.00 $2,305.14 $411,228.46
189 $411,228.46 $1,232.63 $0.00 $2,325.15 $414,786.24
190 $414,786.24 $1,232.63 $0.00 $2,345.26 $418,364.13
191 $418,364.13 $1,232.63 $0.00 $2,365.49 $421,962.25
192 $421,962.25 $1,232.63 $0.00 $2,385.84 $425,580.72
193 $425,580.72 $1,232.63 $0.00 $2,406.30 $429,219.65
194 $429,219.65 $1,232.63 $0.00 $2,426.87 $432,879.15
195 $432,879.15 $1,232.63 $0.00 $2,447.56 $436,559.34
196 $436,559.34 $1,232.63 $0.00 $2,468.37 $440,260.34
197 $440,260.34 $1,232.63 $0.00 $2,489.30 $443,982.27
198 $443,982.27 $1,232.63 $0.00 $2,510.34 $447,725.24
199 $447,725.24 $1,232.63 $0.00 $2,531.50 $451,489.37
200 $451,489.37 $1,232.63 $0.00 $2,552.79 $455,274.79
201 $455,274.79 $1,232.63 $0.00 $2,574.19 $459,081.61
202 $459,081.61 $1,232.63 $0.00 $2,595.71 $462,909.95
203 $462,909.95 $1,232.63 $0.00 $2,617.36 $466,759.94
204 $466,759.94 $1,232.63 $0.00 $2,639.13 $470,631.70
205 $470,631.70 $1,232.63 $0.00 $2,661.02 $474,525.35
206 $474,525.35 $1,232.63 $0.00 $2,683.04 $478,441.02
207 $478,441.02 $1,232.63 $0.00 $2,705.18 $482,378.83
208 $482,378.83 $1,232.63 $0.00 $2,727.44 $486,338.90
209 $486,338.90 $1,232.63 $0.00 $2,749.83 $490,321.36
210 $490,321.36 $1,232.63 $0.00 $2,772.35 $494,326.34
211 $494,326.34 $1,232.63 $0.00 $2,794.99 $498,353.96
212 $498,353.96 $1,232.63 $0.00 $2,817.77 $502,404.36
213 $502,404.36 $1,232.63 $0.00 $2,840.67 $506,477.66
214 $506,477.66 $1,232.63 $0.00 $2,863.70 $510,573.99
215 $510,573.99 $1,232.63 $0.00 $2,886.86 $514,693.48
216 $514,693.48 $1,232.63 $0.00 $2,910.15 $518,836.26
217 $518,836.26 $1,232.63 $144,512.67 $2,933.58 $378,489.80
218 $378,489.80 $1,232.63 $0.00 $2,140.04 $381,862.47
219 $381,862.47 $1,232.63 $0.00 $2,159.11 $385,254.21
220 $385,254.21 $1,232.63 $0.00 $2,178.28 $388,665.12
221 $388,665.12 $1,232.63 $0.00 $2,197.57 $392,095.32
222 $392,095.32 $1,232.63 $0.00 $2,216.96 $395,544.91
223 $395,544.91 $1,232.63 $0.00 $2,236.47 $399,014.01
224 $399,014.01 $1,232.63 $0.00 $2,256.08 $402,502.72
225 $402,502.72 $1,232.63 $0.00 $2,275.81 $406,011.16
226 $406,011.16 $1,232.63 $0.00 $2,295.65 $409,539.44
227 $409,539.44 $1,232.63 $0.00 $2,315.60 $413,087.67
228 $413,087.67 $1,232.63 $0.00 $2,335.66 $416,655.96
229 $416,655.96 $1,232.63 $151,738.31 $2,355.83 $268,506.11
230 $268,506.11 $1,232.63 $0.00 $1,518.17 $271,256.91
231 $271,256.91 $1,232.63 $0.00 $1,533.73 $274,023.27
232 $274,023.27 $1,232.63 $0.00 $1,549.37 $276,805.27
233 $276,805.27 $1,232.63 $0.00 $1,565.10 $279,603.00
234 $279,603.00 $1,232.63 $0.00 $1,580.92 $282,416.55
235 $282,416.55 $1,232.63 $0.00 $1,596.82 $285,246.00
236 $285,246.00 $1,232.63 $0.00 $1,612.82 $288,091.45
237 $288,091.45 $1,232.63 $0.00 $1,628.91 $290,952.99
238 $290,952.99 $1,232.63 $0.00 $1,645.09 $293,830.71
239 $293,830.71 $1,232.63 $0.00 $1,661.36 $296,724.70
240 $296,724.70 $1,232.63 $0.00 $1,677.72 $299,635.05
241 $299,635.05 $1,232.63 $159,325.22 $1,694.18 $143,236.64
242 $143,236.64 $1,232.63 $0.00 $809.88 $145,279.15
243 $145,279.15 $1,232.63 $0.00 $821.43 $147,333.21
244 $147,333.21 $1,232.63 $0.00 $833.04 $149,398.88
245 $149,398.88 $1,232.63 $0.00 $844.72 $151,476.23
246 $151,476.23 $1,232.63 $0.00 $856.47 $153,565.33
247 $153,565.33 $1,232.63 $0.00 $868.28 $155,666.24
248 $155,666.24 $1,232.63 $0.00 $880.16 $157,779.03
249 $157,779.03 $1,232.63 $0.00 $892.11 $159,903.77
250 $159,903.77 $1,232.63 $0.00 $904.12 $162,040.52
251 $162,040.52 $1,232.63 $0.00 $916.20 $164,189.35
252 $164,189.35 $1,232.63 $0.00 $928.35 $166,350.33
253 $166,350.33 $0.00 $167,291.48 $940.57 ($0.58)