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 2040$134,157
Monthly savings required$1,062

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 $536,627.97 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,061.97 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$51,734.00
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 $1,061.97 $0.00 $0.00 $1,061.97
2 $1,061.97 $1,061.97 $0.00 $6.00 $2,129.94
3 $2,129.94 $1,061.97 $0.00 $12.04 $3,203.95
4 $3,203.95 $1,061.97 $0.00 $18.12 $4,284.04
5 $4,284.04 $1,061.97 $0.00 $24.22 $5,370.23
6 $5,370.23 $1,061.97 $0.00 $30.36 $6,462.56
7 $6,462.56 $1,061.97 $0.00 $36.54 $7,561.07
8 $7,561.07 $1,061.97 $0.00 $42.75 $8,665.79
9 $8,665.79 $1,061.97 $0.00 $49.00 $9,776.76
10 $9,776.76 $1,061.97 $0.00 $55.28 $10,894.01
11 $10,894.01 $1,061.97 $0.00 $61.60 $12,017.58
12 $12,017.58 $1,061.97 $0.00 $67.95 $13,147.50
13 $13,147.50 $1,061.97 $0.00 $74.34 $14,283.81
14 $14,283.81 $1,061.97 $0.00 $80.76 $15,426.54
15 $15,426.54 $1,061.97 $0.00 $87.22 $16,575.73
16 $16,575.73 $1,061.97 $0.00 $93.72 $17,731.42
17 $17,731.42 $1,061.97 $0.00 $100.26 $18,893.65
18 $18,893.65 $1,061.97 $0.00 $106.83 $20,062.45
19 $20,062.45 $1,061.97 $0.00 $113.44 $21,237.86
20 $21,237.86 $1,061.97 $0.00 $120.08 $22,419.91
21 $22,419.91 $1,061.97 $0.00 $126.77 $23,608.65
22 $23,608.65 $1,061.97 $0.00 $133.49 $24,804.11
23 $24,804.11 $1,061.97 $0.00 $140.25 $26,006.33
24 $26,006.33 $1,061.97 $0.00 $147.04 $27,215.34
25 $27,215.34 $1,061.97 $0.00 $153.88 $28,431.19
26 $28,431.19 $1,061.97 $0.00 $160.75 $29,653.91
27 $29,653.91 $1,061.97 $0.00 $167.67 $30,883.55
28 $30,883.55 $1,061.97 $0.00 $174.62 $32,120.14
29 $32,120.14 $1,061.97 $0.00 $181.61 $33,363.72
30 $33,363.72 $1,061.97 $0.00 $188.64 $34,614.33
31 $34,614.33 $1,061.97 $0.00 $195.71 $35,872.01
32 $35,872.01 $1,061.97 $0.00 $202.83 $37,136.81
33 $37,136.81 $1,061.97 $0.00 $209.98 $38,408.76
34 $38,408.76 $1,061.97 $0.00 $217.17 $39,687.90
35 $39,687.90 $1,061.97 $0.00 $224.40 $40,974.27
36 $40,974.27 $1,061.97 $0.00 $231.67 $42,267.91
37 $42,267.91 $1,061.97 $0.00 $238.99 $43,568.87
38 $43,568.87 $1,061.97 $0.00 $246.34 $44,877.18
39 $44,877.18 $1,061.97 $0.00 $253.74 $46,192.89
40 $46,192.89 $1,061.97 $0.00 $261.18 $47,516.04
41 $47,516.04 $1,061.97 $0.00 $268.66 $48,846.67
42 $48,846.67 $1,061.97 $0.00 $276.19 $50,184.83
43 $50,184.83 $1,061.97 $0.00 $283.75 $51,530.55
44 $51,530.55 $1,061.97 $0.00 $291.36 $52,883.88
45 $52,883.88 $1,061.97 $0.00 $299.01 $54,244.86
46 $54,244.86 $1,061.97 $0.00 $306.71 $55,613.54
47 $55,613.54 $1,061.97 $0.00 $314.45 $56,989.96
48 $56,989.96 $1,061.97 $0.00 $322.23 $58,374.16
49 $58,374.16 $1,061.97 $0.00 $330.06 $59,766.19
50 $59,766.19 $1,061.97 $0.00 $337.93 $61,166.09
51 $61,166.09 $1,061.97 $0.00 $345.84 $62,573.90
52 $62,573.90 $1,061.97 $0.00 $353.80 $63,989.67
53 $63,989.67 $1,061.97 $0.00 $361.81 $65,413.45
54 $65,413.45 $1,061.97 $0.00 $369.86 $66,845.28
55 $66,845.28 $1,061.97 $0.00 $377.95 $68,285.20
56 $68,285.20 $1,061.97 $0.00 $386.09 $69,733.26
57 $69,733.26 $1,061.97 $0.00 $394.28 $71,189.51
58 $71,189.51 $1,061.97 $0.00 $402.52 $72,654.00
59 $72,654.00 $1,061.97 $0.00 $410.80 $74,126.77
60 $74,126.77 $1,061.97 $0.00 $419.12 $75,607.86
61 $75,607.86 $1,061.97 $0.00 $427.50 $77,097.33
62 $77,097.33 $1,061.97 $0.00 $435.92 $78,595.22
63 $78,595.22 $1,061.97 $0.00 $444.39 $80,101.58
64 $80,101.58 $1,061.97 $0.00 $452.91 $81,616.46
65 $81,616.46 $1,061.97 $0.00 $461.47 $83,139.90
66 $83,139.90 $1,061.97 $0.00 $470.09 $84,671.96
67 $84,671.96 $1,061.97 $0.00 $478.75 $86,212.68
68 $86,212.68 $1,061.97 $0.00 $487.46 $87,762.11
69 $87,762.11 $1,061.97 $0.00 $496.22 $89,320.30
70 $89,320.30 $1,061.97 $0.00 $505.03 $90,887.30
71 $90,887.30 $1,061.97 $0.00 $513.89 $92,463.16
72 $92,463.16 $1,061.97 $0.00 $522.80 $94,047.93
73 $94,047.93 $1,061.97 $0.00 $531.76 $95,641.66
74 $95,641.66 $1,061.97 $0.00 $540.77 $97,244.40
75 $97,244.40 $1,061.97 $0.00 $549.83 $98,856.20
76 $98,856.20 $1,061.97 $0.00 $558.95 $100,477.12
77 $100,477.12 $1,061.97 $0.00 $568.11 $102,107.20
78 $102,107.20 $1,061.97 $0.00 $577.33 $103,746.50
79 $103,746.50 $1,061.97 $0.00 $586.60 $105,395.07
80 $105,395.07 $1,061.97 $0.00 $595.92 $107,052.96
81 $107,052.96 $1,061.97 $0.00 $605.29 $108,720.22
82 $108,720.22 $1,061.97 $0.00 $614.72 $110,396.91
83 $110,396.91 $1,061.97 $0.00 $624.20 $112,083.08
84 $112,083.08 $1,061.97 $0.00 $633.73 $113,778.78
85 $113,778.78 $1,061.97 $0.00 $643.32 $115,484.07
86 $115,484.07 $1,061.97 $0.00 $652.96 $117,199.00
87 $117,199.00 $1,061.97 $0.00 $662.66 $118,923.63
88 $118,923.63 $1,061.97 $0.00 $672.41 $120,658.01
89 $120,658.01 $1,061.97 $0.00 $682.22 $122,402.20
90 $122,402.20 $1,061.97 $0.00 $692.08 $124,156.25
91 $124,156.25 $1,061.97 $0.00 $702.00 $125,920.22
92 $125,920.22 $1,061.97 $0.00 $711.97 $127,694.16
93 $127,694.16 $1,061.97 $0.00 $722.00 $129,478.13
94 $129,478.13 $1,061.97 $0.00 $732.09 $131,272.19
95 $131,272.19 $1,061.97 $0.00 $742.23 $133,076.39
96 $133,076.39 $1,061.97 $0.00 $752.43 $134,890.79
97 $134,890.79 $1,061.97 $0.00 $762.69 $136,715.45
98 $136,715.45 $1,061.97 $0.00 $773.01 $138,550.43
99 $138,550.43 $1,061.97 $0.00 $783.38 $140,395.78
100 $140,395.78 $1,061.97 $0.00 $793.82 $142,251.57
101 $142,251.57 $1,061.97 $0.00 $804.31 $144,117.85
102 $144,117.85 $1,061.97 $0.00 $814.86 $145,994.68
103 $145,994.68 $1,061.97 $0.00 $825.48 $147,882.13
104 $147,882.13 $1,061.97 $0.00 $836.15 $149,780.25
105 $149,780.25 $1,061.97 $0.00 $846.88 $151,689.10
106 $151,689.10 $1,061.97 $0.00 $857.67 $153,608.74
107 $153,608.74 $1,061.97 $0.00 $868.53 $155,539.24
108 $155,539.24 $1,061.97 $0.00 $879.44 $157,480.65
109 $157,480.65 $1,061.97 $0.00 $890.42 $159,433.04
110 $159,433.04 $1,061.97 $0.00 $901.46 $161,396.47
111 $161,396.47 $1,061.97 $0.00 $912.56 $163,371.00
112 $163,371.00 $1,061.97 $0.00 $923.72 $165,356.69
113 $165,356.69 $1,061.97 $0.00 $934.95 $167,353.61
114 $167,353.61 $1,061.97 $0.00 $946.24 $169,361.82
115 $169,361.82 $1,061.97 $0.00 $957.60 $171,381.39
116 $171,381.39 $1,061.97 $0.00 $969.02 $173,412.38
117 $173,412.38 $1,061.97 $0.00 $980.50 $175,454.85
118 $175,454.85 $1,061.97 $0.00 $992.05 $177,508.87
119 $177,508.87 $1,061.97 $0.00 $1,003.66 $179,574.50
120 $179,574.50 $1,061.97 $0.00 $1,015.34 $181,651.81
121 $181,651.81 $1,061.97 $0.00 $1,027.09 $183,740.87
122 $183,740.87 $1,061.97 $0.00 $1,038.90 $185,841.74
123 $185,841.74 $1,061.97 $0.00 $1,050.78 $187,954.49
124 $187,954.49 $1,061.97 $0.00 $1,062.72 $190,079.18
125 $190,079.18 $1,061.97 $0.00 $1,074.74 $192,215.89
126 $192,215.89 $1,061.97 $0.00 $1,086.82 $194,364.68
127 $194,364.68 $1,061.97 $0.00 $1,098.97 $196,525.62
128 $196,525.62 $1,061.97 $0.00 $1,111.18 $198,698.77
129 $198,698.77 $1,061.97 $0.00 $1,123.47 $200,884.21
130 $200,884.21 $1,061.97 $0.00 $1,135.83 $203,082.01
131 $203,082.01 $1,061.97 $0.00 $1,148.26 $205,292.24
132 $205,292.24 $1,061.97 $0.00 $1,160.75 $207,514.96
133 $207,514.96 $1,061.97 $0.00 $1,173.32 $209,750.25
134 $209,750.25 $1,061.97 $0.00 $1,185.96 $211,998.18
135 $211,998.18 $1,061.97 $0.00 $1,198.67 $214,258.82
136 $214,258.82 $1,061.97 $0.00 $1,211.45 $216,532.24
137 $216,532.24 $1,061.97 $0.00 $1,224.30 $218,818.51
138 $218,818.51 $1,061.97 $0.00 $1,237.23 $221,117.71
139 $221,117.71 $1,061.97 $0.00 $1,250.23 $223,429.91
140 $223,429.91 $1,061.97 $0.00 $1,263.31 $225,755.19
141 $225,755.19 $1,061.97 $0.00 $1,276.45 $228,093.61
142 $228,093.61 $1,061.97 $0.00 $1,289.67 $230,445.25
143 $230,445.25 $1,061.97 $0.00 $1,302.97 $232,810.19
144 $232,810.19 $1,061.97 $0.00 $1,316.34 $235,188.50
145 $235,188.50 $1,061.97 $0.00 $1,329.79 $237,580.26
146 $237,580.26 $1,061.97 $0.00 $1,343.31 $239,985.54
147 $239,985.54 $1,061.97 $0.00 $1,356.91 $242,404.42
148 $242,404.42 $1,061.97 $0.00 $1,370.59 $244,836.98
149 $244,836.98 $1,061.97 $0.00 $1,384.34 $247,283.29
150 $247,283.29 $1,061.97 $0.00 $1,398.18 $249,743.44
151 $249,743.44 $1,061.97 $0.00 $1,412.09 $252,217.50
152 $252,217.50 $1,061.97 $0.00 $1,426.07 $254,705.54
153 $254,705.54 $1,061.97 $0.00 $1,440.14 $257,207.65
154 $257,207.65 $1,061.97 $0.00 $1,454.29 $259,723.91
155 $259,723.91 $1,061.97 $0.00 $1,468.52 $262,254.40
156 $262,254.40 $1,061.97 $0.00 $1,482.82 $264,799.19
157 $264,799.19 $1,061.97 $0.00 $1,497.21 $267,358.37
158 $267,358.37 $1,061.97 $0.00 $1,511.68 $269,932.02
159 $269,932.02 $1,061.97 $0.00 $1,526.23 $272,520.22
160 $272,520.22 $1,061.97 $0.00 $1,540.87 $275,123.06
161 $275,123.06 $1,061.97 $0.00 $1,555.59 $277,740.62
162 $277,740.62 $1,061.97 $0.00 $1,570.39 $280,372.98
163 $280,372.98 $1,061.97 $0.00 $1,585.27 $283,020.22
164 $283,020.22 $1,061.97 $0.00 $1,600.24 $285,682.43
165 $285,682.43 $1,061.97 $0.00 $1,615.29 $288,359.69
166 $288,359.69 $1,061.97 $0.00 $1,630.43 $291,052.09
167 $291,052.09 $1,061.97 $0.00 $1,645.65 $293,759.71
168 $293,759.71 $1,061.97 $0.00 $1,660.96 $296,482.64
169 $296,482.64 $1,061.97 $0.00 $1,676.36 $299,220.97
170 $299,220.97 $1,061.97 $0.00 $1,691.84 $301,974.78
171 $301,974.78 $1,061.97 $0.00 $1,707.41 $304,744.16
172 $304,744.16 $1,061.97 $0.00 $1,723.07 $307,529.20
173 $307,529.20 $1,061.97 $0.00 $1,738.81 $310,329.98
174 $310,329.98 $1,061.97 $0.00 $1,754.65 $313,146.60
175 $313,146.60 $1,061.97 $0.00 $1,770.58 $315,979.15
176 $315,979.15 $1,061.97 $0.00 $1,786.59 $318,827.71
177 $318,827.71 $1,061.97 $0.00 $1,802.70 $321,692.38
178 $321,692.38 $1,061.97 $0.00 $1,818.90 $324,573.25
179 $324,573.25 $1,061.97 $0.00 $1,835.18 $327,470.40
180 $327,470.40 $1,061.97 $0.00 $1,851.57 $330,383.94
181 $330,383.94 $1,061.97 $0.00 $1,868.04 $333,313.95
182 $333,313.95 $1,061.97 $0.00 $1,884.61 $336,260.53
183 $336,260.53 $1,061.97 $0.00 $1,901.27 $339,223.77
184 $339,223.77 $1,061.97 $0.00 $1,918.02 $342,203.76
185 $342,203.76 $1,061.97 $0.00 $1,934.87 $345,200.60
186 $345,200.60 $1,061.97 $0.00 $1,951.81 $348,214.38
187 $348,214.38 $1,061.97 $0.00 $1,968.85 $351,245.20
188 $351,245.20 $1,061.97 $0.00 $1,985.99 $354,293.16
189 $354,293.16 $1,061.97 $0.00 $2,003.23 $357,358.36
190 $357,358.36 $1,061.97 $0.00 $2,020.56 $360,440.89
191 $360,440.89 $1,061.97 $0.00 $2,037.99 $363,540.85
192 $363,540.85 $1,061.97 $0.00 $2,055.51 $366,658.33
193 $366,658.33 $1,061.97 $0.00 $2,073.14 $369,793.44
194 $369,793.44 $1,061.97 $0.00 $2,090.87 $372,946.28
195 $372,946.28 $1,061.97 $0.00 $2,108.69 $376,116.94
196 $376,116.94 $1,061.97 $0.00 $2,126.62 $379,305.53
197 $379,305.53 $1,061.97 $0.00 $2,144.65 $382,512.15
198 $382,512.15 $1,061.97 $0.00 $2,162.78 $385,736.90
199 $385,736.90 $1,061.97 $0.00 $2,181.01 $388,979.88
200 $388,979.88 $1,061.97 $0.00 $2,199.35 $392,241.20
201 $392,241.20 $1,061.97 $0.00 $2,217.79 $395,520.96
202 $395,520.96 $1,061.97 $0.00 $2,236.33 $398,819.26
203 $398,819.26 $1,061.97 $0.00 $2,254.98 $402,136.21
204 $402,136.21 $1,061.97 $0.00 $2,273.74 $405,471.92
205 $405,471.92 $1,061.97 $0.00 $2,292.60 $408,826.49
206 $408,826.49 $1,061.97 $0.00 $2,311.56 $412,200.02
207 $412,200.02 $1,061.97 $0.00 $2,330.64 $415,592.63
208 $415,592.63 $1,061.97 $0.00 $2,349.82 $419,004.42
209 $419,004.42 $1,061.97 $0.00 $2,369.11 $422,435.50
210 $422,435.50 $1,061.97 $0.00 $2,388.51 $425,885.98
211 $425,885.98 $1,061.97 $0.00 $2,408.02 $429,355.97
212 $429,355.97 $1,061.97 $0.00 $2,427.64 $432,845.58
213 $432,845.58 $1,061.97 $0.00 $2,447.37 $436,354.92
214 $436,354.92 $1,061.97 $0.00 $2,467.21 $439,884.10
215 $439,884.10 $1,061.97 $0.00 $2,487.17 $443,433.24
216 $443,433.24 $1,061.97 $0.00 $2,507.24 $447,002.45
217 $447,002.45 $1,061.97 $124,504.04 $2,527.42 $326,087.80
218 $326,087.80 $1,061.97 $0.00 $1,843.75 $328,993.52
219 $328,993.52 $1,061.97 $0.00 $1,860.18 $331,915.67
220 $331,915.67 $1,061.97 $0.00 $1,876.70 $334,854.34
221 $334,854.34 $1,061.97 $0.00 $1,893.32 $337,809.63
222 $337,809.63 $1,061.97 $0.00 $1,910.02 $340,781.62
223 $340,781.62 $1,061.97 $0.00 $1,926.83 $343,770.42
224 $343,770.42 $1,061.97 $0.00 $1,943.73 $346,776.12
225 $346,776.12 $1,061.97 $0.00 $1,960.72 $349,798.81
226 $349,798.81 $1,061.97 $0.00 $1,977.81 $352,838.59
227 $352,838.59 $1,061.97 $0.00 $1,995.00 $355,895.56
228 $355,895.56 $1,061.97 $0.00 $2,012.29 $358,969.82
229 $358,969.82 $1,061.97 $130,729.24 $2,029.67 $231,332.22
230 $231,332.22 $1,061.97 $0.00 $1,307.99 $233,702.18
231 $233,702.18 $1,061.97 $0.00 $1,321.39 $236,085.54
232 $236,085.54 $1,061.97 $0.00 $1,334.86 $238,482.37
233 $238,482.37 $1,061.97 $0.00 $1,348.41 $240,892.75
234 $240,892.75 $1,061.97 $0.00 $1,362.04 $243,316.76
235 $243,316.76 $1,061.97 $0.00 $1,375.75 $245,754.48
236 $245,754.48 $1,061.97 $0.00 $1,389.53 $248,205.98
237 $248,205.98 $1,061.97 $0.00 $1,403.39 $250,671.34
238 $250,671.34 $1,061.97 $0.00 $1,417.33 $253,150.64
239 $253,150.64 $1,061.97 $0.00 $1,431.35 $255,643.96
240 $255,643.96 $1,061.97 $0.00 $1,445.45 $258,151.38
241 $258,151.38 $1,061.97 $137,265.70 $1,459.63 $123,407.28
242 $123,407.28 $1,061.97 $0.00 $697.76 $125,167.01
243 $125,167.01 $1,061.97 $0.00 $707.71 $126,936.69
244 $126,936.69 $1,061.97 $0.00 $717.72 $128,716.38
245 $128,716.38 $1,061.97 $0.00 $727.78 $130,506.13
246 $130,506.13 $1,061.97 $0.00 $737.90 $132,306.00
247 $132,306.00 $1,061.97 $0.00 $748.08 $134,116.05
248 $134,116.05 $1,061.97 $0.00 $758.31 $135,936.33
249 $135,936.33 $1,061.97 $0.00 $768.60 $137,766.90
250 $137,766.90 $1,061.97 $0.00 $778.95 $139,607.82
251 $139,607.82 $1,061.97 $0.00 $789.36 $141,459.15
252 $141,459.15 $1,061.97 $0.00 $799.83 $143,320.95
253 $143,320.95 $0.00 $144,128.99 $810.36 $2.32