Savings Plan and Future Cost Estimation for Northland College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$203,997
Monthly savings required$1,612

How much will it cost to send your child to Northland College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $815,989.67 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,612.24 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$54,375.00
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 $1,612.24 $0.00 $0.00 $1,612.24
2 $1,612.24 $1,612.24 $0.00 $9.12 $3,233.60
3 $3,233.60 $1,612.24 $0.00 $18.28 $4,864.12
4 $4,864.12 $1,612.24 $0.00 $27.50 $6,503.86
5 $6,503.86 $1,612.24 $0.00 $36.77 $8,152.87
6 $8,152.87 $1,612.24 $0.00 $46.10 $9,811.21
7 $9,811.21 $1,612.24 $0.00 $55.47 $11,478.92
8 $11,478.92 $1,612.24 $0.00 $64.90 $13,156.06
9 $13,156.06 $1,612.24 $0.00 $74.39 $14,842.69
10 $14,842.69 $1,612.24 $0.00 $83.92 $16,538.85
11 $16,538.85 $1,612.24 $0.00 $93.51 $18,244.60
12 $18,244.60 $1,612.24 $0.00 $103.16 $19,960.00
13 $19,960.00 $1,612.24 $0.00 $112.86 $21,685.10
14 $21,685.10 $1,612.24 $0.00 $122.61 $23,419.95
15 $23,419.95 $1,612.24 $0.00 $132.42 $25,164.61
16 $25,164.61 $1,612.24 $0.00 $142.28 $26,919.13
17 $26,919.13 $1,612.24 $0.00 $152.20 $28,683.57
18 $28,683.57 $1,612.24 $0.00 $162.18 $30,457.99
19 $30,457.99 $1,612.24 $0.00 $172.21 $32,242.44
20 $32,242.44 $1,612.24 $0.00 $182.30 $34,036.98
21 $34,036.98 $1,612.24 $0.00 $192.45 $35,841.67
22 $35,841.67 $1,612.24 $0.00 $202.65 $37,656.56
23 $37,656.56 $1,612.24 $0.00 $212.92 $39,481.72
24 $39,481.72 $1,612.24 $0.00 $223.24 $41,317.20
25 $41,317.20 $1,612.24 $0.00 $233.61 $43,163.05
26 $43,163.05 $1,612.24 $0.00 $244.05 $45,019.34
27 $45,019.34 $1,612.24 $0.00 $254.55 $46,886.13
28 $46,886.13 $1,612.24 $0.00 $265.10 $48,763.47
29 $48,763.47 $1,612.24 $0.00 $275.72 $50,651.43
30 $50,651.43 $1,612.24 $0.00 $286.39 $52,550.06
31 $52,550.06 $1,612.24 $0.00 $297.13 $54,459.43
32 $54,459.43 $1,612.24 $0.00 $307.92 $56,379.59
33 $56,379.59 $1,612.24 $0.00 $318.78 $58,310.61
34 $58,310.61 $1,612.24 $0.00 $329.70 $60,252.55
35 $60,252.55 $1,612.24 $0.00 $340.68 $62,205.47
36 $62,205.47 $1,612.24 $0.00 $351.72 $64,169.43
37 $64,169.43 $1,612.24 $0.00 $362.82 $66,144.49
38 $66,144.49 $1,612.24 $0.00 $373.99 $68,130.72
39 $68,130.72 $1,612.24 $0.00 $385.22 $70,128.18
40 $70,128.18 $1,612.24 $0.00 $396.51 $72,136.93
41 $72,136.93 $1,612.24 $0.00 $407.87 $74,157.04
42 $74,157.04 $1,612.24 $0.00 $419.29 $76,188.57
43 $76,188.57 $1,612.24 $0.00 $430.78 $78,231.59
44 $78,231.59 $1,612.24 $0.00 $442.33 $80,286.16
45 $80,286.16 $1,612.24 $0.00 $453.95 $82,352.35
46 $82,352.35 $1,612.24 $0.00 $465.63 $84,430.22
47 $84,430.22 $1,612.24 $0.00 $477.38 $86,519.84
48 $86,519.84 $1,612.24 $0.00 $489.20 $88,621.28
49 $88,621.28 $1,612.24 $0.00 $501.08 $90,734.60
50 $90,734.60 $1,612.24 $0.00 $513.03 $92,859.87
51 $92,859.87 $1,612.24 $0.00 $525.04 $94,997.15
52 $94,997.15 $1,612.24 $0.00 $537.13 $97,146.52
53 $97,146.52 $1,612.24 $0.00 $549.28 $99,308.04
54 $99,308.04 $1,612.24 $0.00 $561.50 $101,481.78
55 $101,481.78 $1,612.24 $0.00 $573.79 $103,667.81
56 $103,667.81 $1,612.24 $0.00 $586.15 $105,866.20
57 $105,866.20 $1,612.24 $0.00 $598.58 $108,077.02
58 $108,077.02 $1,612.24 $0.00 $611.08 $110,300.34
59 $110,300.34 $1,612.24 $0.00 $623.65 $112,536.23
60 $112,536.23 $1,612.24 $0.00 $636.30 $114,784.77
61 $114,784.77 $1,612.24 $0.00 $649.01 $117,046.02
62 $117,046.02 $1,612.24 $0.00 $661.80 $119,320.06
63 $119,320.06 $1,612.24 $0.00 $674.65 $121,606.95
64 $121,606.95 $1,612.24 $0.00 $687.58 $123,906.77
65 $123,906.77 $1,612.24 $0.00 $700.59 $126,219.60
66 $126,219.60 $1,612.24 $0.00 $713.66 $128,545.50
67 $128,545.50 $1,612.24 $0.00 $726.81 $130,884.55
68 $130,884.55 $1,612.24 $0.00 $740.04 $133,236.83
69 $133,236.83 $1,612.24 $0.00 $753.34 $135,602.41
70 $135,602.41 $1,612.24 $0.00 $766.72 $137,981.37
71 $137,981.37 $1,612.24 $0.00 $780.17 $140,373.78
72 $140,373.78 $1,612.24 $0.00 $793.69 $142,779.71
73 $142,779.71 $1,612.24 $0.00 $807.30 $145,199.25
74 $145,199.25 $1,612.24 $0.00 $820.98 $147,632.47
75 $147,632.47 $1,612.24 $0.00 $834.74 $150,079.45
76 $150,079.45 $1,612.24 $0.00 $848.57 $152,540.26
77 $152,540.26 $1,612.24 $0.00 $862.48 $155,014.98
78 $155,014.98 $1,612.24 $0.00 $876.48 $157,503.70
79 $157,503.70 $1,612.24 $0.00 $890.55 $160,006.49
80 $160,006.49 $1,612.24 $0.00 $904.70 $162,523.43
81 $162,523.43 $1,612.24 $0.00 $918.93 $165,054.60
82 $165,054.60 $1,612.24 $0.00 $933.24 $167,600.08
83 $167,600.08 $1,612.24 $0.00 $947.64 $170,159.96
84 $170,159.96 $1,612.24 $0.00 $962.11 $172,734.31
85 $172,734.31 $1,612.24 $0.00 $976.66 $175,323.21
86 $175,323.21 $1,612.24 $0.00 $991.30 $177,926.75
87 $177,926.75 $1,612.24 $0.00 $1,006.02 $180,545.01
88 $180,545.01 $1,612.24 $0.00 $1,020.83 $183,178.08
89 $183,178.08 $1,612.24 $0.00 $1,035.72 $185,826.04
90 $185,826.04 $1,612.24 $0.00 $1,050.69 $188,488.97
91 $188,488.97 $1,612.24 $0.00 $1,065.74 $191,166.95
92 $191,166.95 $1,612.24 $0.00 $1,080.89 $193,860.08
93 $193,860.08 $1,612.24 $0.00 $1,096.11 $196,568.43
94 $196,568.43 $1,612.24 $0.00 $1,111.43 $199,292.10
95 $199,292.10 $1,612.24 $0.00 $1,126.83 $202,031.17
96 $202,031.17 $1,612.24 $0.00 $1,142.31 $204,785.72
97 $204,785.72 $1,612.24 $0.00 $1,157.89 $207,555.85
98 $207,555.85 $1,612.24 $0.00 $1,173.55 $210,341.64
99 $210,341.64 $1,612.24 $0.00 $1,189.30 $213,143.18
100 $213,143.18 $1,612.24 $0.00 $1,205.14 $215,960.56
101 $215,960.56 $1,612.24 $0.00 $1,221.07 $218,793.87
102 $218,793.87 $1,612.24 $0.00 $1,237.09 $221,643.20
103 $221,643.20 $1,612.24 $0.00 $1,253.20 $224,508.64
104 $224,508.64 $1,612.24 $0.00 $1,269.40 $227,390.28
105 $227,390.28 $1,612.24 $0.00 $1,285.70 $230,288.22
106 $230,288.22 $1,612.24 $0.00 $1,302.08 $233,202.54
107 $233,202.54 $1,612.24 $0.00 $1,318.56 $236,133.34
108 $236,133.34 $1,612.24 $0.00 $1,335.13 $239,080.71
109 $239,080.71 $1,612.24 $0.00 $1,351.80 $242,044.75
110 $242,044.75 $1,612.24 $0.00 $1,368.56 $245,025.55
111 $245,025.55 $1,612.24 $0.00 $1,385.41 $248,023.20
112 $248,023.20 $1,612.24 $0.00 $1,402.36 $251,037.80
113 $251,037.80 $1,612.24 $0.00 $1,419.40 $254,069.44
114 $254,069.44 $1,612.24 $0.00 $1,436.55 $257,118.23
115 $257,118.23 $1,612.24 $0.00 $1,453.78 $260,184.25
116 $260,184.25 $1,612.24 $0.00 $1,471.12 $263,267.61
117 $263,267.61 $1,612.24 $0.00 $1,488.55 $266,368.40
118 $266,368.40 $1,612.24 $0.00 $1,506.09 $269,486.73
119 $269,486.73 $1,612.24 $0.00 $1,523.72 $272,622.69
120 $272,622.69 $1,612.24 $0.00 $1,541.45 $275,776.38
121 $275,776.38 $1,612.24 $0.00 $1,559.28 $278,947.90
122 $278,947.90 $1,612.24 $0.00 $1,577.21 $282,137.35
123 $282,137.35 $1,612.24 $0.00 $1,595.25 $285,344.84
124 $285,344.84 $1,612.24 $0.00 $1,613.38 $288,570.46
125 $288,570.46 $1,612.24 $0.00 $1,631.62 $291,814.32
126 $291,814.32 $1,612.24 $0.00 $1,649.96 $295,076.52
127 $295,076.52 $1,612.24 $0.00 $1,668.41 $298,357.17
128 $298,357.17 $1,612.24 $0.00 $1,686.95 $301,656.36
129 $301,656.36 $1,612.24 $0.00 $1,705.61 $304,974.21
130 $304,974.21 $1,612.24 $0.00 $1,724.37 $308,310.82
131 $308,310.82 $1,612.24 $0.00 $1,743.23 $311,666.29
132 $311,666.29 $1,612.24 $0.00 $1,762.21 $315,040.74
133 $315,040.74 $1,612.24 $0.00 $1,781.29 $318,434.27
134 $318,434.27 $1,612.24 $0.00 $1,800.47 $321,846.98
135 $321,846.98 $1,612.24 $0.00 $1,819.77 $325,278.99
136 $325,278.99 $1,612.24 $0.00 $1,839.17 $328,730.40
137 $328,730.40 $1,612.24 $0.00 $1,858.69 $332,201.33
138 $332,201.33 $1,612.24 $0.00 $1,878.31 $335,691.88
139 $335,691.88 $1,612.24 $0.00 $1,898.05 $339,202.17
140 $339,202.17 $1,612.24 $0.00 $1,917.90 $342,732.31
141 $342,732.31 $1,612.24 $0.00 $1,937.86 $346,282.41
142 $346,282.41 $1,612.24 $0.00 $1,957.93 $349,852.58
143 $349,852.58 $1,612.24 $0.00 $1,978.12 $353,442.94
144 $353,442.94 $1,612.24 $0.00 $1,998.42 $357,053.60
145 $357,053.60 $1,612.24 $0.00 $2,018.83 $360,684.67
146 $360,684.67 $1,612.24 $0.00 $2,039.36 $364,336.27
147 $364,336.27 $1,612.24 $0.00 $2,060.01 $368,008.52
148 $368,008.52 $1,612.24 $0.00 $2,080.77 $371,701.53
149 $371,701.53 $1,612.24 $0.00 $2,101.65 $375,415.42
150 $375,415.42 $1,612.24 $0.00 $2,122.65 $379,150.31
151 $379,150.31 $1,612.24 $0.00 $2,143.77 $382,906.32
152 $382,906.32 $1,612.24 $0.00 $2,165.01 $386,683.57
153 $386,683.57 $1,612.24 $0.00 $2,186.37 $390,482.18
154 $390,482.18 $1,612.24 $0.00 $2,207.84 $394,302.26
155 $394,302.26 $1,612.24 $0.00 $2,229.44 $398,143.94
156 $398,143.94 $1,612.24 $0.00 $2,251.16 $402,007.34
157 $402,007.34 $1,612.24 $0.00 $2,273.01 $405,892.59
158 $405,892.59 $1,612.24 $0.00 $2,294.98 $409,799.81
159 $409,799.81 $1,612.24 $0.00 $2,317.07 $413,729.12
160 $413,729.12 $1,612.24 $0.00 $2,339.28 $417,680.64
161 $417,680.64 $1,612.24 $0.00 $2,361.63 $421,654.51
162 $421,654.51 $1,612.24 $0.00 $2,384.10 $425,650.85
163 $425,650.85 $1,612.24 $0.00 $2,406.69 $429,669.78
164 $429,669.78 $1,612.24 $0.00 $2,429.42 $433,711.44
165 $433,711.44 $1,612.24 $0.00 $2,452.27 $437,775.95
166 $437,775.95 $1,612.24 $0.00 $2,475.25 $441,863.44
167 $441,863.44 $1,612.24 $0.00 $2,498.36 $445,974.04
168 $445,974.04 $1,612.24 $0.00 $2,521.60 $450,107.88
169 $450,107.88 $1,612.24 $0.00 $2,544.98 $454,265.10
170 $454,265.10 $1,612.24 $0.00 $2,568.48 $458,445.82
171 $458,445.82 $1,612.24 $0.00 $2,592.12 $462,650.18
172 $462,650.18 $1,612.24 $0.00 $2,615.89 $466,878.31
173 $466,878.31 $1,612.24 $0.00 $2,639.80 $471,130.35
174 $471,130.35 $1,612.24 $0.00 $2,663.84 $475,406.43
175 $475,406.43 $1,612.24 $0.00 $2,688.02 $479,706.69
176 $479,706.69 $1,612.24 $0.00 $2,712.33 $484,031.26
177 $484,031.26 $1,612.24 $0.00 $2,736.78 $488,380.28
178 $488,380.28 $1,612.24 $0.00 $2,761.37 $492,753.89
179 $492,753.89 $1,612.24 $0.00 $2,786.10 $497,152.23
180 $497,152.23 $1,612.24 $0.00 $2,810.97 $501,575.44
181 $501,575.44 $1,612.24 $0.00 $2,835.98 $506,023.66
182 $506,023.66 $1,612.24 $0.00 $2,861.13 $510,497.03
183 $510,497.03 $1,612.24 $0.00 $2,886.42 $514,995.69
184 $514,995.69 $1,612.24 $0.00 $2,911.86 $519,519.79
185 $519,519.79 $1,612.24 $0.00 $2,937.44 $524,069.47
186 $524,069.47 $1,612.24 $0.00 $2,963.16 $528,644.87
187 $528,644.87 $1,612.24 $0.00 $2,989.03 $533,246.14
188 $533,246.14 $1,612.24 $0.00 $3,015.05 $537,873.43
189 $537,873.43 $1,612.24 $0.00 $3,041.21 $542,526.88
190 $542,526.88 $1,612.24 $0.00 $3,067.53 $547,206.65
191 $547,206.65 $1,612.24 $0.00 $3,093.99 $551,912.88
192 $551,912.88 $1,612.24 $0.00 $3,120.60 $556,645.72
193 $556,645.72 $1,612.24 $0.00 $3,147.36 $561,405.32
194 $561,405.32 $1,612.24 $0.00 $3,174.27 $566,191.83
195 $566,191.83 $1,612.24 $0.00 $3,201.33 $571,005.40
196 $571,005.40 $1,612.24 $0.00 $3,228.55 $575,846.19
197 $575,846.19 $1,612.24 $0.00 $3,255.92 $580,714.35
198 $580,714.35 $1,612.24 $0.00 $3,283.44 $585,610.03
199 $585,610.03 $1,612.24 $0.00 $3,311.12 $590,533.39
200 $590,533.39 $1,612.24 $0.00 $3,338.96 $595,484.59
201 $595,484.59 $1,612.24 $0.00 $3,366.96 $600,463.79
202 $600,463.79 $1,612.24 $0.00 $3,395.11 $605,471.14
203 $605,471.14 $1,612.24 $0.00 $3,423.42 $610,506.80
204 $610,506.80 $1,612.24 $0.00 $3,451.89 $615,570.93
205 $615,570.93 $1,612.24 $0.00 $3,480.53 $620,663.70
206 $620,663.70 $1,612.24 $0.00 $3,509.32 $625,785.26
207 $625,785.26 $1,612.24 $0.00 $3,538.28 $630,935.78
208 $630,935.78 $1,612.24 $0.00 $3,567.40 $636,115.42
209 $636,115.42 $1,612.24 $0.00 $3,596.69 $641,324.35
210 $641,324.35 $1,612.24 $0.00 $3,626.14 $646,562.73
211 $646,562.73 $1,612.24 $0.00 $3,655.76 $651,830.73
212 $651,830.73 $1,612.24 $0.00 $3,685.55 $657,128.52
213 $657,128.52 $1,612.24 $0.00 $3,715.50 $662,456.26
214 $662,456.26 $1,612.24 $0.00 $3,745.62 $667,814.12
215 $667,814.12 $1,612.24 $0.00 $3,775.92 $673,202.28
216 $673,202.28 $1,612.24 $0.00 $3,806.38 $678,620.90
217 $678,620.90 $1,612.24 $183,783.82 $3,837.02 $500,286.34
218 $500,286.34 $1,612.24 $0.00 $2,828.69 $504,727.27
219 $504,727.27 $1,612.24 $0.00 $2,853.80 $509,193.31
220 $509,193.31 $1,612.24 $0.00 $2,879.05 $513,684.60
221 $513,684.60 $1,612.24 $0.00 $2,904.45 $518,201.29
222 $518,201.29 $1,612.24 $0.00 $2,929.99 $522,743.52
223 $522,743.52 $1,612.24 $0.00 $2,955.67 $527,311.43
224 $527,311.43 $1,612.24 $0.00 $2,981.50 $531,905.17
225 $531,905.17 $1,612.24 $0.00 $3,007.47 $536,524.88
226 $536,524.88 $1,612.24 $0.00 $3,033.59 $541,170.71
227 $541,170.71 $1,612.24 $0.00 $3,059.86 $545,842.81
228 $545,842.81 $1,612.24 $0.00 $3,086.27 $550,541.32
229 $550,541.32 $1,612.24 $196,648.68 $3,112.84 $358,617.72
230 $358,617.72 $1,612.24 $0.00 $2,027.68 $362,257.64
231 $362,257.64 $1,612.24 $0.00 $2,048.26 $365,918.14
232 $365,918.14 $1,612.24 $0.00 $2,068.95 $369,599.33
233 $369,599.33 $1,612.24 $0.00 $2,089.77 $373,301.34
234 $373,301.34 $1,612.24 $0.00 $2,110.70 $377,024.28
235 $377,024.28 $1,612.24 $0.00 $2,131.75 $380,768.27
236 $380,768.27 $1,612.24 $0.00 $2,152.92 $384,533.43
237 $384,533.43 $1,612.24 $0.00 $2,174.21 $388,319.88
238 $388,319.88 $1,612.24 $0.00 $2,195.62 $392,127.74
239 $392,127.74 $1,612.24 $0.00 $2,217.15 $395,957.13
240 $395,957.13 $1,612.24 $0.00 $2,238.80 $399,808.17
241 $399,808.17 $1,612.24 $210,414.09 $2,260.57 $193,266.89
242 $193,266.89 $1,612.24 $0.00 $1,092.76 $195,971.89
243 $195,971.89 $1,612.24 $0.00 $1,108.05 $198,692.18
244 $198,692.18 $1,612.24 $0.00 $1,123.43 $201,427.85
245 $201,427.85 $1,612.24 $0.00 $1,138.90 $204,178.99
246 $204,178.99 $1,612.24 $0.00 $1,154.46 $206,945.69
247 $206,945.69 $1,612.24 $0.00 $1,170.10 $209,728.03
248 $209,728.03 $1,612.24 $0.00 $1,185.83 $212,526.10
249 $212,526.10 $1,612.24 $0.00 $1,201.65 $215,339.99
250 $215,339.99 $1,612.24 $0.00 $1,217.56 $218,169.79
251 $218,169.79 $1,612.24 $0.00 $1,233.56 $221,015.59
252 $221,015.59 $1,612.24 $0.00 $1,249.65 $223,877.48
253 $223,877.48 $0.00 $225,143.08 $1,265.84 $0.24