Savings Plan and Future Cost Estimation for Northwest Indian College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$42,059
Monthly savings required$333

How much will it cost to send your child to Northwest Indian College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $168,236.93 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $332.93 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$16,219.00
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 $332.93 $0.00 $0.00 $332.93
2 $332.93 $332.93 $0.00 $1.88 $667.74
3 $667.74 $332.93 $0.00 $3.78 $1,004.45
4 $1,004.45 $332.93 $0.00 $5.68 $1,343.06
5 $1,343.06 $332.93 $0.00 $7.59 $1,683.58
6 $1,683.58 $332.93 $0.00 $9.52 $2,026.03
7 $2,026.03 $332.93 $0.00 $11.46 $2,370.42
8 $2,370.42 $332.93 $0.00 $13.40 $2,716.75
9 $2,716.75 $332.93 $0.00 $15.36 $3,065.04
10 $3,065.04 $332.93 $0.00 $17.33 $3,415.30
11 $3,415.30 $332.93 $0.00 $19.31 $3,767.54
12 $3,767.54 $332.93 $0.00 $21.30 $4,121.77
13 $4,121.77 $332.93 $0.00 $23.31 $4,478.01
14 $4,478.01 $332.93 $0.00 $25.32 $4,836.26
15 $4,836.26 $332.93 $0.00 $27.34 $5,196.53
16 $5,196.53 $332.93 $0.00 $29.38 $5,558.84
17 $5,558.84 $332.93 $0.00 $31.43 $5,923.20
18 $5,923.20 $332.93 $0.00 $33.49 $6,289.62
19 $6,289.62 $332.93 $0.00 $35.56 $6,658.11
20 $6,658.11 $332.93 $0.00 $37.65 $7,028.69
21 $7,028.69 $332.93 $0.00 $39.74 $7,401.36
22 $7,401.36 $332.93 $0.00 $41.85 $7,776.14
23 $7,776.14 $332.93 $0.00 $43.97 $8,153.04
24 $8,153.04 $332.93 $0.00 $46.10 $8,532.07
25 $8,532.07 $332.93 $0.00 $48.24 $8,913.24
26 $8,913.24 $332.93 $0.00 $50.40 $9,296.57
27 $9,296.57 $332.93 $0.00 $52.56 $9,682.06
28 $9,682.06 $332.93 $0.00 $54.74 $10,069.73
29 $10,069.73 $332.93 $0.00 $56.94 $10,459.60
30 $10,459.60 $332.93 $0.00 $59.14 $10,851.67
31 $10,851.67 $332.93 $0.00 $61.36 $11,245.96
32 $11,245.96 $332.93 $0.00 $63.59 $11,642.48
33 $11,642.48 $332.93 $0.00 $65.83 $12,041.24
34 $12,041.24 $332.93 $0.00 $68.08 $12,442.25
35 $12,442.25 $332.93 $0.00 $70.35 $12,845.53
36 $12,845.53 $332.93 $0.00 $72.63 $13,251.09
37 $13,251.09 $332.93 $0.00 $74.92 $13,658.94
38 $13,658.94 $332.93 $0.00 $77.23 $14,069.10
39 $14,069.10 $332.93 $0.00 $79.55 $14,481.58
40 $14,481.58 $332.93 $0.00 $81.88 $14,896.39
41 $14,896.39 $332.93 $0.00 $84.23 $15,313.55
42 $15,313.55 $332.93 $0.00 $86.59 $15,733.07
43 $15,733.07 $332.93 $0.00 $88.96 $16,154.96
44 $16,154.96 $332.93 $0.00 $91.34 $16,579.23
45 $16,579.23 $332.93 $0.00 $93.74 $17,005.90
46 $17,005.90 $332.93 $0.00 $96.15 $17,434.98
47 $17,434.98 $332.93 $0.00 $98.58 $17,866.49
48 $17,866.49 $332.93 $0.00 $101.02 $18,300.44
49 $18,300.44 $332.93 $0.00 $103.47 $18,736.84
50 $18,736.84 $332.93 $0.00 $105.94 $19,175.71
51 $19,175.71 $332.93 $0.00 $108.42 $19,617.06
52 $19,617.06 $332.93 $0.00 $110.92 $20,060.91
53 $20,060.91 $332.93 $0.00 $113.43 $20,507.27
54 $20,507.27 $332.93 $0.00 $115.95 $20,956.15
55 $20,956.15 $332.93 $0.00 $118.49 $21,407.57
56 $21,407.57 $332.93 $0.00 $121.04 $21,861.54
57 $21,861.54 $332.93 $0.00 $123.61 $22,318.08
58 $22,318.08 $332.93 $0.00 $126.19 $22,777.20
59 $22,777.20 $332.93 $0.00 $128.79 $23,238.92
60 $23,238.92 $332.93 $0.00 $131.40 $23,703.25
61 $23,703.25 $332.93 $0.00 $134.02 $24,170.20
62 $24,170.20 $332.93 $0.00 $136.66 $24,639.79
63 $24,639.79 $332.93 $0.00 $139.32 $25,112.04
64 $25,112.04 $332.93 $0.00 $141.99 $25,586.96
65 $25,586.96 $332.93 $0.00 $144.67 $26,064.56
66 $26,064.56 $332.93 $0.00 $147.37 $26,544.86
67 $26,544.86 $332.93 $0.00 $150.09 $27,027.88
68 $27,027.88 $332.93 $0.00 $152.82 $27,513.63
69 $27,513.63 $332.93 $0.00 $155.57 $28,002.13
70 $28,002.13 $332.93 $0.00 $158.33 $28,493.39
71 $28,493.39 $332.93 $0.00 $161.11 $28,987.43
72 $28,987.43 $332.93 $0.00 $163.90 $29,484.26
73 $29,484.26 $332.93 $0.00 $166.71 $29,983.90
74 $29,983.90 $332.93 $0.00 $169.53 $30,486.36
75 $30,486.36 $332.93 $0.00 $172.37 $30,991.66
76 $30,991.66 $332.93 $0.00 $175.23 $31,499.82
77 $31,499.82 $332.93 $0.00 $178.10 $32,010.85
78 $32,010.85 $332.93 $0.00 $180.99 $32,524.77
79 $32,524.77 $332.93 $0.00 $183.90 $33,041.60
80 $33,041.60 $332.93 $0.00 $186.82 $33,561.35
81 $33,561.35 $332.93 $0.00 $189.76 $34,084.04
82 $34,084.04 $332.93 $0.00 $192.72 $34,609.69
83 $34,609.69 $332.93 $0.00 $195.69 $35,138.31
84 $35,138.31 $332.93 $0.00 $198.68 $35,669.92
85 $35,669.92 $332.93 $0.00 $201.68 $36,204.53
86 $36,204.53 $332.93 $0.00 $204.71 $36,742.17
87 $36,742.17 $332.93 $0.00 $207.75 $37,282.85
88 $37,282.85 $332.93 $0.00 $210.80 $37,826.58
89 $37,826.58 $332.93 $0.00 $213.88 $38,373.39
90 $38,373.39 $332.93 $0.00 $216.97 $38,923.29
91 $38,923.29 $332.93 $0.00 $220.08 $39,476.30
92 $39,476.30 $332.93 $0.00 $223.20 $40,032.43
93 $40,032.43 $332.93 $0.00 $226.35 $40,591.71
94 $40,591.71 $332.93 $0.00 $229.51 $41,154.15
95 $41,154.15 $332.93 $0.00 $232.69 $41,719.77
96 $41,719.77 $332.93 $0.00 $235.89 $42,288.59
97 $42,288.59 $332.93 $0.00 $239.11 $42,860.63
98 $42,860.63 $332.93 $0.00 $242.34 $43,435.90
99 $43,435.90 $332.93 $0.00 $245.59 $44,014.42
100 $44,014.42 $332.93 $0.00 $248.86 $44,596.21
101 $44,596.21 $332.93 $0.00 $252.15 $45,181.29
102 $45,181.29 $332.93 $0.00 $255.46 $45,769.68
103 $45,769.68 $332.93 $0.00 $258.79 $46,361.40
104 $46,361.40 $332.93 $0.00 $262.13 $46,956.46
105 $46,956.46 $332.93 $0.00 $265.50 $47,554.89
106 $47,554.89 $332.93 $0.00 $268.88 $48,156.70
107 $48,156.70 $332.93 $0.00 $272.28 $48,761.91
108 $48,761.91 $332.93 $0.00 $275.71 $49,370.55
109 $49,370.55 $332.93 $0.00 $279.15 $49,982.63
110 $49,982.63 $332.93 $0.00 $282.61 $50,598.17
111 $50,598.17 $332.93 $0.00 $286.09 $51,217.19
112 $51,217.19 $332.93 $0.00 $289.59 $51,839.71
113 $51,839.71 $332.93 $0.00 $293.11 $52,465.75
114 $52,465.75 $332.93 $0.00 $296.65 $53,095.33
115 $53,095.33 $332.93 $0.00 $300.21 $53,728.47
116 $53,728.47 $332.93 $0.00 $303.79 $54,365.19
117 $54,365.19 $332.93 $0.00 $307.39 $55,005.51
118 $55,005.51 $332.93 $0.00 $311.01 $55,649.45
119 $55,649.45 $332.93 $0.00 $314.65 $56,297.03
120 $56,297.03 $332.93 $0.00 $318.31 $56,948.27
121 $56,948.27 $332.93 $0.00 $321.99 $57,603.19
122 $57,603.19 $332.93 $0.00 $325.70 $58,261.82
123 $58,261.82 $332.93 $0.00 $329.42 $58,924.17
124 $58,924.17 $332.93 $0.00 $333.17 $59,590.27
125 $59,590.27 $332.93 $0.00 $336.93 $60,260.13
126 $60,260.13 $332.93 $0.00 $340.72 $60,933.78
127 $60,933.78 $332.93 $0.00 $344.53 $61,611.24
128 $61,611.24 $332.93 $0.00 $348.36 $62,292.53
129 $62,292.53 $332.93 $0.00 $352.21 $62,977.67
130 $62,977.67 $332.93 $0.00 $356.08 $63,666.68
131 $63,666.68 $332.93 $0.00 $359.98 $64,359.59
132 $64,359.59 $332.93 $0.00 $363.90 $65,056.42
133 $65,056.42 $332.93 $0.00 $367.84 $65,757.19
134 $65,757.19 $332.93 $0.00 $371.80 $66,461.92
135 $66,461.92 $332.93 $0.00 $375.79 $67,170.64
136 $67,170.64 $332.93 $0.00 $379.79 $67,883.36
137 $67,883.36 $332.93 $0.00 $383.82 $68,600.11
138 $68,600.11 $332.93 $0.00 $387.87 $69,320.91
139 $69,320.91 $332.93 $0.00 $391.95 $70,045.79
140 $70,045.79 $332.93 $0.00 $396.05 $70,774.77
141 $70,774.77 $332.93 $0.00 $400.17 $71,507.87
142 $71,507.87 $332.93 $0.00 $404.32 $72,245.12
143 $72,245.12 $332.93 $0.00 $408.48 $72,986.53
144 $72,986.53 $332.93 $0.00 $412.68 $73,732.14
145 $73,732.14 $332.93 $0.00 $416.89 $74,481.96
146 $74,481.96 $332.93 $0.00 $421.13 $75,236.02
147 $75,236.02 $332.93 $0.00 $425.40 $75,994.35
148 $75,994.35 $332.93 $0.00 $429.68 $76,756.96
149 $76,756.96 $332.93 $0.00 $434.00 $77,523.89
150 $77,523.89 $332.93 $0.00 $438.33 $78,295.15
151 $78,295.15 $332.93 $0.00 $442.69 $79,070.77
152 $79,070.77 $332.93 $0.00 $447.08 $79,850.78
153 $79,850.78 $332.93 $0.00 $451.49 $80,635.20
154 $80,635.20 $332.93 $0.00 $455.92 $81,424.05
155 $81,424.05 $332.93 $0.00 $460.38 $82,217.36
156 $82,217.36 $332.93 $0.00 $464.87 $83,015.16
157 $83,015.16 $332.93 $0.00 $469.38 $83,817.47
158 $83,817.47 $332.93 $0.00 $473.92 $84,624.32
159 $84,624.32 $332.93 $0.00 $478.48 $85,435.73
160 $85,435.73 $332.93 $0.00 $483.07 $86,251.73
161 $86,251.73 $332.93 $0.00 $487.68 $87,072.34
162 $87,072.34 $332.93 $0.00 $492.32 $87,897.59
163 $87,897.59 $332.93 $0.00 $496.99 $88,727.51
164 $88,727.51 $332.93 $0.00 $501.68 $89,562.12
165 $89,562.12 $332.93 $0.00 $506.40 $90,401.45
166 $90,401.45 $332.93 $0.00 $511.14 $91,245.52
167 $91,245.52 $332.93 $0.00 $515.92 $92,094.37
168 $92,094.37 $332.93 $0.00 $520.71 $92,948.01
169 $92,948.01 $332.93 $0.00 $525.54 $93,806.48
170 $93,806.48 $332.93 $0.00 $530.40 $94,669.81
171 $94,669.81 $332.93 $0.00 $535.28 $95,538.02
172 $95,538.02 $332.93 $0.00 $540.19 $96,411.14
173 $96,411.14 $332.93 $0.00 $545.12 $97,289.19
174 $97,289.19 $332.93 $0.00 $550.09 $98,172.21
175 $98,172.21 $332.93 $0.00 $555.08 $99,060.22
176 $99,060.22 $332.93 $0.00 $560.10 $99,953.25
177 $99,953.25 $332.93 $0.00 $565.15 $100,851.33
178 $100,851.33 $332.93 $0.00 $570.23 $101,754.49
179 $101,754.49 $332.93 $0.00 $575.33 $102,662.75
180 $102,662.75 $332.93 $0.00 $580.47 $103,576.15
181 $103,576.15 $332.93 $0.00 $585.63 $104,494.71
182 $104,494.71 $332.93 $0.00 $590.83 $105,418.47
183 $105,418.47 $332.93 $0.00 $596.05 $106,347.45
184 $106,347.45 $332.93 $0.00 $601.30 $107,281.68
185 $107,281.68 $332.93 $0.00 $606.59 $108,221.20
186 $108,221.20 $332.93 $0.00 $611.90 $109,166.03
187 $109,166.03 $332.93 $0.00 $617.24 $110,116.20
188 $110,116.20 $332.93 $0.00 $622.61 $111,071.74
189 $111,071.74 $332.93 $0.00 $628.02 $112,032.69
190 $112,032.69 $332.93 $0.00 $633.45 $112,999.07
191 $112,999.07 $332.93 $0.00 $638.91 $113,970.91
192 $113,970.91 $332.93 $0.00 $644.41 $114,948.25
193 $114,948.25 $332.93 $0.00 $649.93 $115,931.11
194 $115,931.11 $332.93 $0.00 $655.49 $116,919.53
195 $116,919.53 $332.93 $0.00 $661.08 $117,913.54
196 $117,913.54 $332.93 $0.00 $666.70 $118,913.17
197 $118,913.17 $332.93 $0.00 $672.35 $119,918.45
198 $119,918.45 $332.93 $0.00 $678.04 $120,929.42
199 $120,929.42 $332.93 $0.00 $683.75 $121,946.10
200 $121,946.10 $332.93 $0.00 $689.50 $122,968.53
201 $122,968.53 $332.93 $0.00 $695.28 $123,996.74
202 $123,996.74 $332.93 $0.00 $701.10 $125,030.77
203 $125,030.77 $332.93 $0.00 $706.94 $126,070.64
204 $126,070.64 $332.93 $0.00 $712.82 $127,116.39
205 $127,116.39 $332.93 $0.00 $718.73 $128,168.05
206 $128,168.05 $332.93 $0.00 $724.68 $129,225.66
207 $129,225.66 $332.93 $0.00 $730.66 $130,289.25
208 $130,289.25 $332.93 $0.00 $736.67 $131,358.85
209 $131,358.85 $332.93 $0.00 $742.72 $132,434.50
210 $132,434.50 $332.93 $0.00 $748.80 $133,516.23
211 $133,516.23 $332.93 $0.00 $754.92 $134,604.08
212 $134,604.08 $332.93 $0.00 $761.07 $135,698.08
213 $135,698.08 $332.93 $0.00 $767.26 $136,798.27
214 $136,798.27 $332.93 $0.00 $773.48 $137,904.68
215 $137,904.68 $332.93 $0.00 $779.73 $139,017.34
216 $139,017.34 $332.93 $0.00 $786.02 $140,136.29
217 $140,136.29 $332.93 $39,032.96 $792.35 $102,228.61
218 $102,228.61 $332.93 $0.00 $578.02 $103,139.56
219 $103,139.56 $332.93 $0.00 $583.17 $104,055.66
220 $104,055.66 $332.93 $0.00 $588.35 $104,976.94
221 $104,976.94 $332.93 $0.00 $593.55 $105,903.42
222 $105,903.42 $332.93 $0.00 $598.79 $106,835.14
223 $106,835.14 $332.93 $0.00 $604.06 $107,772.13
224 $107,772.13 $332.93 $0.00 $609.36 $108,714.42
225 $108,714.42 $332.93 $0.00 $614.69 $109,662.04
226 $109,662.04 $332.93 $0.00 $620.05 $110,615.02
227 $110,615.02 $332.93 $0.00 $625.43 $111,573.38
228 $111,573.38 $332.93 $0.00 $630.85 $112,537.16
229 $112,537.16 $332.93 $40,984.61 $636.30 $72,521.78
230 $72,521.78 $332.93 $0.00 $410.05 $73,264.76
231 $73,264.76 $332.93 $0.00 $414.25 $74,011.94
232 $74,011.94 $332.93 $0.00 $418.47 $74,763.34
233 $74,763.34 $332.93 $0.00 $422.72 $75,518.99
234 $75,518.99 $332.93 $0.00 $427.00 $76,278.92
235 $76,278.92 $332.93 $0.00 $431.29 $77,043.14
236 $77,043.14 $332.93 $0.00 $435.61 $77,811.68
237 $77,811.68 $332.93 $0.00 $439.96 $78,584.57
238 $78,584.57 $332.93 $0.00 $444.33 $79,361.83
239 $79,361.83 $332.93 $0.00 $448.72 $80,143.48
240 $80,143.48 $332.93 $0.00 $453.14 $80,929.55
241 $80,929.55 $332.93 $43,033.84 $457.59 $38,686.23
242 $38,686.23 $332.93 $0.00 $218.74 $39,237.90
243 $39,237.90 $332.93 $0.00 $221.86 $39,792.69
244 $39,792.69 $332.93 $0.00 $224.99 $40,350.61
245 $40,350.61 $332.93 $0.00 $228.15 $40,911.69
246 $40,911.69 $332.93 $0.00 $231.32 $41,475.94
247 $41,475.94 $332.93 $0.00 $234.51 $42,043.38
248 $42,043.38 $332.93 $0.00 $237.72 $42,614.03
249 $42,614.03 $332.93 $0.00 $240.95 $43,187.91
250 $43,187.91 $332.93 $0.00 $244.19 $43,765.03
251 $43,765.03 $332.93 $0.00 $247.45 $44,345.41
252 $44,345.41 $332.93 $0.00 $250.74 $44,929.08
253 $44,929.08 $0.00 $45,185.53 $254.04 ($2.41)