Savings Plan and Future Cost Estimation for Northwest College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$37,470
Monthly savings required$167

How much will it cost to send your child to Northwest College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $74,940.92 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $166.53 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$15,190.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $166.53 $0.00 $0.00 $166.53
2 $166.53 $166.53 $0.00 $0.94 $334.00
3 $334.00 $166.53 $0.00 $1.89 $502.42
4 $502.42 $166.53 $0.00 $2.84 $671.79
5 $671.79 $166.53 $0.00 $3.80 $842.12
6 $842.12 $166.53 $0.00 $4.76 $1,013.41
7 $1,013.41 $166.53 $0.00 $5.73 $1,185.67
8 $1,185.67 $166.53 $0.00 $6.70 $1,358.90
9 $1,358.90 $166.53 $0.00 $7.68 $1,533.11
10 $1,533.11 $166.53 $0.00 $8.67 $1,708.31
11 $1,708.31 $166.53 $0.00 $9.66 $1,884.50
12 $1,884.50 $166.53 $0.00 $10.66 $2,061.69
13 $2,061.69 $166.53 $0.00 $11.66 $2,239.88
14 $2,239.88 $166.53 $0.00 $12.66 $2,419.07
15 $2,419.07 $166.53 $0.00 $13.68 $2,599.28
16 $2,599.28 $166.53 $0.00 $14.70 $2,780.51
17 $2,780.51 $166.53 $0.00 $15.72 $2,962.76
18 $2,962.76 $166.53 $0.00 $16.75 $3,146.04
19 $3,146.04 $166.53 $0.00 $17.79 $3,330.36
20 $3,330.36 $166.53 $0.00 $18.83 $3,515.72
21 $3,515.72 $166.53 $0.00 $19.88 $3,702.13
22 $3,702.13 $166.53 $0.00 $20.93 $3,889.59
23 $3,889.59 $166.53 $0.00 $21.99 $4,078.11
24 $4,078.11 $166.53 $0.00 $23.06 $4,267.70
25 $4,267.70 $166.53 $0.00 $24.13 $4,458.36
26 $4,458.36 $166.53 $0.00 $25.21 $4,650.10
27 $4,650.10 $166.53 $0.00 $26.29 $4,842.92
28 $4,842.92 $166.53 $0.00 $27.38 $5,036.83
29 $5,036.83 $166.53 $0.00 $28.48 $5,231.84
30 $5,231.84 $166.53 $0.00 $29.58 $5,427.95
31 $5,427.95 $166.53 $0.00 $30.69 $5,625.17
32 $5,625.17 $166.53 $0.00 $31.81 $5,823.51
33 $5,823.51 $166.53 $0.00 $32.93 $6,022.97
34 $6,022.97 $166.53 $0.00 $34.05 $6,223.55
35 $6,223.55 $166.53 $0.00 $35.19 $6,425.27
36 $6,425.27 $166.53 $0.00 $36.33 $6,628.13
37 $6,628.13 $166.53 $0.00 $37.48 $6,832.14
38 $6,832.14 $166.53 $0.00 $38.63 $7,037.30
39 $7,037.30 $166.53 $0.00 $39.79 $7,243.62
40 $7,243.62 $166.53 $0.00 $40.96 $7,451.11
41 $7,451.11 $166.53 $0.00 $42.13 $7,659.77
42 $7,659.77 $166.53 $0.00 $43.31 $7,869.61
43 $7,869.61 $166.53 $0.00 $44.50 $8,080.64
44 $8,080.64 $166.53 $0.00 $45.69 $8,292.86
45 $8,292.86 $166.53 $0.00 $46.89 $8,506.28
46 $8,506.28 $166.53 $0.00 $48.10 $8,720.91
47 $8,720.91 $166.53 $0.00 $49.31 $8,936.75
48 $8,936.75 $166.53 $0.00 $50.53 $9,153.81
49 $9,153.81 $166.53 $0.00 $51.76 $9,372.10
50 $9,372.10 $166.53 $0.00 $52.99 $9,591.62
51 $9,591.62 $166.53 $0.00 $54.23 $9,812.38
52 $9,812.38 $166.53 $0.00 $55.48 $10,034.39
53 $10,034.39 $166.53 $0.00 $56.74 $10,257.66
54 $10,257.66 $166.53 $0.00 $58.00 $10,482.19
55 $10,482.19 $166.53 $0.00 $59.27 $10,707.99
56 $10,707.99 $166.53 $0.00 $60.54 $10,935.06
57 $10,935.06 $166.53 $0.00 $61.83 $11,163.42
58 $11,163.42 $166.53 $0.00 $63.12 $11,393.07
59 $11,393.07 $166.53 $0.00 $64.42 $11,624.02
60 $11,624.02 $166.53 $0.00 $65.72 $11,856.27
61 $11,856.27 $166.53 $0.00 $67.04 $12,089.84
62 $12,089.84 $166.53 $0.00 $68.36 $12,324.73
63 $12,324.73 $166.53 $0.00 $69.69 $12,560.95
64 $12,560.95 $166.53 $0.00 $71.02 $12,798.50
65 $12,798.50 $166.53 $0.00 $72.36 $13,037.39
66 $13,037.39 $166.53 $0.00 $73.72 $13,277.64
67 $13,277.64 $166.53 $0.00 $75.07 $13,519.24
68 $13,519.24 $166.53 $0.00 $76.44 $13,762.21
69 $13,762.21 $166.53 $0.00 $77.81 $14,006.55
70 $14,006.55 $166.53 $0.00 $79.20 $14,252.28
71 $14,252.28 $166.53 $0.00 $80.58 $14,499.39
72 $14,499.39 $166.53 $0.00 $81.98 $14,747.90
73 $14,747.90 $166.53 $0.00 $83.39 $14,997.82
74 $14,997.82 $166.53 $0.00 $84.80 $15,249.15
75 $15,249.15 $166.53 $0.00 $86.22 $15,501.90
76 $15,501.90 $166.53 $0.00 $87.65 $15,756.08
77 $15,756.08 $166.53 $0.00 $89.09 $16,011.70
78 $16,011.70 $166.53 $0.00 $90.53 $16,268.76
79 $16,268.76 $166.53 $0.00 $91.99 $16,527.28
80 $16,527.28 $166.53 $0.00 $93.45 $16,787.26
81 $16,787.26 $166.53 $0.00 $94.92 $17,048.71
82 $17,048.71 $166.53 $0.00 $96.40 $17,311.64
83 $17,311.64 $166.53 $0.00 $97.88 $17,576.05
84 $17,576.05 $166.53 $0.00 $99.38 $17,841.96
85 $17,841.96 $166.53 $0.00 $100.88 $18,109.37
86 $18,109.37 $166.53 $0.00 $102.39 $18,378.29
87 $18,378.29 $166.53 $0.00 $103.91 $18,648.73
88 $18,648.73 $166.53 $0.00 $105.44 $18,920.70
89 $18,920.70 $166.53 $0.00 $106.98 $19,194.21
90 $19,194.21 $166.53 $0.00 $108.53 $19,469.27
91 $19,469.27 $166.53 $0.00 $110.08 $19,745.88
92 $19,745.88 $166.53 $0.00 $111.65 $20,024.06
93 $20,024.06 $166.53 $0.00 $113.22 $20,303.81
94 $20,303.81 $166.53 $0.00 $114.80 $20,585.14
95 $20,585.14 $166.53 $0.00 $116.39 $20,868.06
96 $20,868.06 $166.53 $0.00 $117.99 $21,152.58
97 $21,152.58 $166.53 $0.00 $119.60 $21,438.71
98 $21,438.71 $166.53 $0.00 $121.22 $21,726.46
99 $21,726.46 $166.53 $0.00 $122.84 $22,015.83
100 $22,015.83 $166.53 $0.00 $124.48 $22,306.84
101 $22,306.84 $166.53 $0.00 $126.13 $22,599.50
102 $22,599.50 $166.53 $0.00 $127.78 $22,893.81
103 $22,893.81 $166.53 $0.00 $129.44 $23,189.78
104 $23,189.78 $166.53 $0.00 $131.12 $23,487.43
105 $23,487.43 $166.53 $0.00 $132.80 $23,786.76
106 $23,786.76 $166.53 $0.00 $134.49 $24,087.78
107 $24,087.78 $166.53 $0.00 $136.20 $24,390.51
108 $24,390.51 $166.53 $0.00 $137.91 $24,694.95
109 $24,694.95 $166.53 $0.00 $139.63 $25,001.11
110 $25,001.11 $166.53 $0.00 $141.36 $25,309.00
111 $25,309.00 $166.53 $0.00 $143.10 $25,618.63
112 $25,618.63 $166.53 $0.00 $144.85 $25,930.01
113 $25,930.01 $166.53 $0.00 $146.61 $26,243.15
114 $26,243.15 $166.53 $0.00 $148.38 $26,558.06
115 $26,558.06 $166.53 $0.00 $150.16 $26,874.75
116 $26,874.75 $166.53 $0.00 $151.95 $27,193.23
117 $27,193.23 $166.53 $0.00 $153.75 $27,513.51
118 $27,513.51 $166.53 $0.00 $155.57 $27,835.61
119 $27,835.61 $166.53 $0.00 $157.39 $28,159.53
120 $28,159.53 $166.53 $0.00 $159.22 $28,485.28
121 $28,485.28 $166.53 $0.00 $161.06 $28,812.87
122 $28,812.87 $166.53 $0.00 $162.91 $29,142.31
123 $29,142.31 $166.53 $0.00 $164.77 $29,473.61
124 $29,473.61 $166.53 $0.00 $166.65 $29,806.79
125 $29,806.79 $166.53 $0.00 $168.53 $30,141.85
126 $30,141.85 $166.53 $0.00 $170.43 $30,478.81
127 $30,478.81 $166.53 $0.00 $172.33 $30,817.67
128 $30,817.67 $166.53 $0.00 $174.25 $31,158.45
129 $31,158.45 $166.53 $0.00 $176.17 $31,501.15
130 $31,501.15 $166.53 $0.00 $178.11 $31,845.79
131 $31,845.79 $166.53 $0.00 $180.06 $32,192.38
132 $32,192.38 $166.53 $0.00 $182.02 $32,540.93
133 $32,540.93 $166.53 $0.00 $183.99 $32,891.45
134 $32,891.45 $166.53 $0.00 $185.97 $33,243.95
135 $33,243.95 $166.53 $0.00 $187.97 $33,598.45
136 $33,598.45 $166.53 $0.00 $189.97 $33,954.95
137 $33,954.95 $166.53 $0.00 $191.99 $34,313.47
138 $34,313.47 $166.53 $0.00 $194.01 $34,674.01
139 $34,674.01 $166.53 $0.00 $196.05 $35,036.59
140 $35,036.59 $166.53 $0.00 $198.10 $35,401.22
141 $35,401.22 $166.53 $0.00 $200.16 $35,767.91
142 $35,767.91 $166.53 $0.00 $202.24 $36,136.68
143 $36,136.68 $166.53 $0.00 $204.32 $36,507.53
144 $36,507.53 $166.53 $0.00 $206.42 $36,880.48
145 $36,880.48 $166.53 $0.00 $208.53 $37,255.54
146 $37,255.54 $166.53 $0.00 $210.65 $37,632.72
147 $37,632.72 $166.53 $0.00 $212.78 $38,012.03
148 $38,012.03 $166.53 $0.00 $214.93 $38,393.49
149 $38,393.49 $166.53 $0.00 $217.08 $38,777.10
150 $38,777.10 $166.53 $0.00 $219.25 $39,162.88
151 $39,162.88 $166.53 $0.00 $221.43 $39,550.84
152 $39,550.84 $166.53 $0.00 $223.63 $39,941.00
153 $39,941.00 $166.53 $0.00 $225.83 $40,333.36
154 $40,333.36 $166.53 $0.00 $228.05 $40,727.94
155 $40,727.94 $166.53 $0.00 $230.28 $41,124.75
156 $41,124.75 $166.53 $0.00 $232.53 $41,523.81
157 $41,523.81 $166.53 $0.00 $234.78 $41,925.12
158 $41,925.12 $166.53 $0.00 $237.05 $42,328.70
159 $42,328.70 $166.53 $0.00 $239.33 $42,734.56
160 $42,734.56 $166.53 $0.00 $241.63 $43,142.72
161 $43,142.72 $166.53 $0.00 $243.94 $43,553.19
162 $43,553.19 $166.53 $0.00 $246.26 $43,965.98
163 $43,965.98 $166.53 $0.00 $248.59 $44,381.10
164 $44,381.10 $166.53 $0.00 $250.94 $44,798.57
165 $44,798.57 $166.53 $0.00 $253.30 $45,218.40
166 $45,218.40 $166.53 $0.00 $255.67 $45,640.60
167 $45,640.60 $166.53 $0.00 $258.06 $46,065.19
168 $46,065.19 $166.53 $0.00 $260.46 $46,492.18
169 $46,492.18 $166.53 $0.00 $262.87 $46,921.58
170 $46,921.58 $166.53 $0.00 $265.30 $47,353.41
171 $47,353.41 $166.53 $0.00 $267.74 $47,787.68
172 $47,787.68 $166.53 $0.00 $270.20 $48,224.41
173 $48,224.41 $166.53 $0.00 $272.67 $48,663.61
174 $48,663.61 $166.53 $0.00 $275.15 $49,105.29
175 $49,105.29 $166.53 $0.00 $277.65 $49,549.47
176 $49,549.47 $166.53 $0.00 $280.16 $49,996.16
177 $49,996.16 $166.53 $0.00 $282.69 $50,445.38
178 $50,445.38 $166.53 $0.00 $285.23 $50,897.14
179 $50,897.14 $166.53 $0.00 $287.78 $51,351.45
180 $51,351.45 $166.53 $0.00 $290.35 $51,808.33
181 $51,808.33 $166.53 $0.00 $292.93 $52,267.79
182 $52,267.79 $166.53 $0.00 $295.53 $52,729.85
183 $52,729.85 $166.53 $0.00 $298.14 $53,194.52
184 $53,194.52 $166.53 $0.00 $300.77 $53,661.82
185 $53,661.82 $166.53 $0.00 $303.41 $54,131.76
186 $54,131.76 $166.53 $0.00 $306.07 $54,604.36
187 $54,604.36 $166.53 $0.00 $308.74 $55,079.63
188 $55,079.63 $166.53 $0.00 $311.43 $55,557.59
189 $55,557.59 $166.53 $0.00 $314.13 $56,038.25
190 $56,038.25 $166.53 $0.00 $316.85 $56,521.63
191 $56,521.63 $166.53 $0.00 $319.58 $57,007.74
192 $57,007.74 $166.53 $0.00 $322.33 $57,496.60
193 $57,496.60 $166.53 $0.00 $325.09 $57,988.22
194 $57,988.22 $166.53 $0.00 $327.87 $58,482.62
195 $58,482.62 $166.53 $0.00 $330.67 $58,979.82
196 $58,979.82 $166.53 $0.00 $333.48 $59,479.83
197 $59,479.83 $166.53 $0.00 $336.31 $59,982.67
198 $59,982.67 $166.53 $0.00 $339.15 $60,488.35
199 $60,488.35 $166.53 $0.00 $342.01 $60,996.89
200 $60,996.89 $166.53 $0.00 $344.89 $61,508.31
201 $61,508.31 $166.53 $0.00 $347.78 $62,022.62
202 $62,022.62 $166.53 $0.00 $350.68 $62,539.83
203 $62,539.83 $166.53 $0.00 $353.61 $63,059.97
204 $63,059.97 $166.53 $0.00 $356.55 $63,583.05
205 $63,583.05 $166.53 $0.00 $359.51 $64,109.09
206 $64,109.09 $166.53 $0.00 $362.48 $64,638.10
207 $64,638.10 $166.53 $0.00 $365.47 $65,170.10
208 $65,170.10 $166.53 $0.00 $368.48 $65,705.11
209 $65,705.11 $166.53 $0.00 $371.51 $66,243.15
210 $66,243.15 $166.53 $0.00 $374.55 $66,784.23
211 $66,784.23 $166.53 $0.00 $377.61 $67,328.37
212 $67,328.37 $166.53 $0.00 $380.68 $67,875.58
213 $67,875.58 $166.53 $0.00 $383.78 $68,425.89
214 $68,425.89 $166.53 $0.00 $386.89 $68,979.31
215 $68,979.31 $166.53 $0.00 $390.02 $69,535.86
216 $69,535.86 $166.53 $0.00 $393.17 $70,095.56
217 $70,095.56 $166.53 $36,556.55 $396.33 $34,101.87
218 $34,101.87 $166.53 $0.00 $192.82 $34,461.22
219 $34,461.22 $166.53 $0.00 $194.85 $34,822.60
220 $34,822.60 $166.53 $0.00 $196.89 $35,186.02
221 $35,186.02 $166.53 $0.00 $198.95 $35,551.50
222 $35,551.50 $166.53 $0.00 $201.01 $35,919.04
223 $35,919.04 $166.53 $0.00 $203.09 $36,288.66
224 $36,288.66 $166.53 $0.00 $205.18 $36,660.37
225 $36,660.37 $166.53 $0.00 $207.28 $37,034.18
226 $37,034.18 $166.53 $0.00 $209.40 $37,410.11
227 $37,410.11 $166.53 $0.00 $211.52 $37,788.16
228 $37,788.16 $166.53 $0.00 $213.66 $38,168.35
229 $38,168.35 $0.00 $38,384.37 $215.81 ($0.21)