Savings Plan and Future Cost Estimation for Ivy Tech Community College Northwest

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$15,476
Monthly savings required$69

How much will it cost to send your child to Ivy Tech Community College Northwest in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $30,952.34 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $68.76 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$4,424.00
Years until enrollment18
Annual Tuition Increase7%
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 $68.76 $0.00 $0.00 $68.76
2 $68.76 $68.76 $0.00 $0.39 $137.91
3 $137.91 $68.76 $0.00 $0.78 $207.45
4 $207.45 $68.76 $0.00 $1.17 $277.38
5 $277.38 $68.76 $0.00 $1.57 $347.71
6 $347.71 $68.76 $0.00 $1.97 $418.44
7 $418.44 $68.76 $0.00 $2.37 $489.57
8 $489.57 $68.76 $0.00 $2.77 $561.10
9 $561.10 $68.76 $0.00 $3.17 $633.03
10 $633.03 $68.76 $0.00 $3.58 $705.37
11 $705.37 $68.76 $0.00 $3.99 $778.12
12 $778.12 $68.76 $0.00 $4.40 $851.28
13 $851.28 $68.76 $0.00 $4.81 $924.85
14 $924.85 $68.76 $0.00 $5.23 $998.84
15 $998.84 $68.76 $0.00 $5.65 $1,073.25
16 $1,073.25 $68.76 $0.00 $6.07 $1,148.08
17 $1,148.08 $68.76 $0.00 $6.49 $1,223.33
18 $1,223.33 $68.76 $0.00 $6.92 $1,299.01
19 $1,299.01 $68.76 $0.00 $7.34 $1,375.11
20 $1,375.11 $68.76 $0.00 $7.78 $1,451.65
21 $1,451.65 $68.76 $0.00 $8.21 $1,528.62
22 $1,528.62 $68.76 $0.00 $8.64 $1,606.02
23 $1,606.02 $68.76 $0.00 $9.08 $1,683.86
24 $1,683.86 $68.76 $0.00 $9.52 $1,762.14
25 $1,762.14 $68.76 $0.00 $9.96 $1,840.86
26 $1,840.86 $68.76 $0.00 $10.41 $1,920.03
27 $1,920.03 $68.76 $0.00 $10.86 $1,999.65
28 $1,999.65 $68.76 $0.00 $11.31 $2,079.72
29 $2,079.72 $68.76 $0.00 $11.76 $2,160.24
30 $2,160.24 $68.76 $0.00 $12.21 $2,241.21
31 $2,241.21 $68.76 $0.00 $12.67 $2,322.64
32 $2,322.64 $68.76 $0.00 $13.13 $2,404.53
33 $2,404.53 $68.76 $0.00 $13.60 $2,486.89
34 $2,486.89 $68.76 $0.00 $14.06 $2,569.71
35 $2,569.71 $68.76 $0.00 $14.53 $2,653.00
36 $2,653.00 $68.76 $0.00 $15.00 $2,736.76
37 $2,736.76 $68.76 $0.00 $15.47 $2,820.99
38 $2,820.99 $68.76 $0.00 $15.95 $2,905.70
39 $2,905.70 $68.76 $0.00 $16.43 $2,990.89
40 $2,990.89 $68.76 $0.00 $16.91 $3,076.56
41 $3,076.56 $68.76 $0.00 $17.40 $3,162.72
42 $3,162.72 $68.76 $0.00 $17.88 $3,249.36
43 $3,249.36 $68.76 $0.00 $18.37 $3,336.49
44 $3,336.49 $68.76 $0.00 $18.86 $3,424.11
45 $3,424.11 $68.76 $0.00 $19.36 $3,512.23
46 $3,512.23 $68.76 $0.00 $19.86 $3,600.85
47 $3,600.85 $68.76 $0.00 $20.36 $3,689.97
48 $3,689.97 $68.76 $0.00 $20.86 $3,779.59
49 $3,779.59 $68.76 $0.00 $21.37 $3,869.72
50 $3,869.72 $68.76 $0.00 $21.88 $3,960.36
51 $3,960.36 $68.76 $0.00 $22.39 $4,051.51
52 $4,051.51 $68.76 $0.00 $22.91 $4,143.18
53 $4,143.18 $68.76 $0.00 $23.43 $4,235.37
54 $4,235.37 $68.76 $0.00 $23.95 $4,328.08
55 $4,328.08 $68.76 $0.00 $24.47 $4,421.31
56 $4,421.31 $68.76 $0.00 $25.00 $4,515.07
57 $4,515.07 $68.76 $0.00 $25.53 $4,609.36
58 $4,609.36 $68.76 $0.00 $26.06 $4,704.18
59 $4,704.18 $68.76 $0.00 $26.60 $4,799.54
60 $4,799.54 $68.76 $0.00 $27.14 $4,895.44
61 $4,895.44 $68.76 $0.00 $27.68 $4,991.88
62 $4,991.88 $68.76 $0.00 $28.22 $5,088.86
63 $5,088.86 $68.76 $0.00 $28.77 $5,186.39
64 $5,186.39 $68.76 $0.00 $29.32 $5,284.47
65 $5,284.47 $68.76 $0.00 $29.88 $5,383.11
66 $5,383.11 $68.76 $0.00 $30.44 $5,482.31
67 $5,482.31 $68.76 $0.00 $31.00 $5,582.07
68 $5,582.07 $68.76 $0.00 $31.56 $5,682.39
69 $5,682.39 $68.76 $0.00 $32.13 $5,783.28
70 $5,783.28 $68.76 $0.00 $32.70 $5,884.74
71 $5,884.74 $68.76 $0.00 $33.27 $5,986.77
72 $5,986.77 $68.76 $0.00 $33.85 $6,089.38
73 $6,089.38 $68.76 $0.00 $34.43 $6,192.57
74 $6,192.57 $68.76 $0.00 $35.01 $6,296.34
75 $6,296.34 $68.76 $0.00 $35.60 $6,400.70
76 $6,400.70 $68.76 $0.00 $36.19 $6,505.65
77 $6,505.65 $68.76 $0.00 $36.78 $6,611.19
78 $6,611.19 $68.76 $0.00 $37.38 $6,717.33
79 $6,717.33 $68.76 $0.00 $37.98 $6,824.07
80 $6,824.07 $68.76 $0.00 $38.58 $6,931.41
81 $6,931.41 $68.76 $0.00 $39.19 $7,039.36
82 $7,039.36 $68.76 $0.00 $39.80 $7,147.92
83 $7,147.92 $68.76 $0.00 $40.42 $7,257.10
84 $7,257.10 $68.76 $0.00 $41.03 $7,366.89
85 $7,366.89 $68.76 $0.00 $41.65 $7,477.30
86 $7,477.30 $68.76 $0.00 $42.28 $7,588.34
87 $7,588.34 $68.76 $0.00 $42.91 $7,700.01
88 $7,700.01 $68.76 $0.00 $43.54 $7,812.31
89 $7,812.31 $68.76 $0.00 $44.17 $7,925.24
90 $7,925.24 $68.76 $0.00 $44.81 $8,038.81
91 $8,038.81 $68.76 $0.00 $45.45 $8,153.02
92 $8,153.02 $68.76 $0.00 $46.10 $8,267.88
93 $8,267.88 $68.76 $0.00 $46.75 $8,383.39
94 $8,383.39 $68.76 $0.00 $47.40 $8,499.55
95 $8,499.55 $68.76 $0.00 $48.06 $8,616.37
96 $8,616.37 $68.76 $0.00 $48.72 $8,733.85
97 $8,733.85 $68.76 $0.00 $49.38 $8,851.99
98 $8,851.99 $68.76 $0.00 $50.05 $8,970.80
99 $8,970.80 $68.76 $0.00 $50.72 $9,090.28
100 $9,090.28 $68.76 $0.00 $51.40 $9,210.44
101 $9,210.44 $68.76 $0.00 $52.08 $9,331.28
102 $9,331.28 $68.76 $0.00 $52.76 $9,452.80
103 $9,452.80 $68.76 $0.00 $53.45 $9,575.01
104 $9,575.01 $68.76 $0.00 $54.14 $9,697.91
105 $9,697.91 $68.76 $0.00 $54.83 $9,821.50
106 $9,821.50 $68.76 $0.00 $55.53 $9,945.79
107 $9,945.79 $68.76 $0.00 $56.23 $10,070.78
108 $10,070.78 $68.76 $0.00 $56.94 $10,196.48
109 $10,196.48 $68.76 $0.00 $57.65 $10,322.89
110 $10,322.89 $68.76 $0.00 $58.37 $10,450.02
111 $10,450.02 $68.76 $0.00 $59.09 $10,577.87
112 $10,577.87 $68.76 $0.00 $59.81 $10,706.44
113 $10,706.44 $68.76 $0.00 $60.54 $10,835.74
114 $10,835.74 $68.76 $0.00 $61.27 $10,965.77
115 $10,965.77 $68.76 $0.00 $62.00 $11,096.53
116 $11,096.53 $68.76 $0.00 $62.74 $11,228.03
117 $11,228.03 $68.76 $0.00 $63.48 $11,360.27
118 $11,360.27 $68.76 $0.00 $64.23 $11,493.26
119 $11,493.26 $68.76 $0.00 $64.98 $11,627.00
120 $11,627.00 $68.76 $0.00 $65.74 $11,761.50
121 $11,761.50 $68.76 $0.00 $66.50 $11,896.76
122 $11,896.76 $68.76 $0.00 $67.27 $12,032.79
123 $12,032.79 $68.76 $0.00 $68.04 $12,169.59
124 $12,169.59 $68.76 $0.00 $68.81 $12,307.16
125 $12,307.16 $68.76 $0.00 $69.59 $12,445.51
126 $12,445.51 $68.76 $0.00 $70.37 $12,584.64
127 $12,584.64 $68.76 $0.00 $71.16 $12,724.56
128 $12,724.56 $68.76 $0.00 $71.95 $12,865.27
129 $12,865.27 $68.76 $0.00 $72.74 $13,006.77
130 $13,006.77 $68.76 $0.00 $73.54 $13,149.07
131 $13,149.07 $68.76 $0.00 $74.35 $13,292.18
132 $13,292.18 $68.76 $0.00 $75.16 $13,436.10
133 $13,436.10 $68.76 $0.00 $75.97 $13,580.83
134 $13,580.83 $68.76 $0.00 $76.79 $13,726.38
135 $13,726.38 $68.76 $0.00 $77.61 $13,872.75
136 $13,872.75 $68.76 $0.00 $78.44 $14,019.95
137 $14,019.95 $68.76 $0.00 $79.27 $14,167.98
138 $14,167.98 $68.76 $0.00 $80.11 $14,316.85
139 $14,316.85 $68.76 $0.00 $80.95 $14,466.56
140 $14,466.56 $68.76 $0.00 $81.80 $14,617.12
141 $14,617.12 $68.76 $0.00 $82.65 $14,768.53
142 $14,768.53 $68.76 $0.00 $83.50 $14,920.79
143 $14,920.79 $68.76 $0.00 $84.36 $15,073.91
144 $15,073.91 $68.76 $0.00 $85.23 $15,227.90
145 $15,227.90 $68.76 $0.00 $86.10 $15,382.76
146 $15,382.76 $68.76 $0.00 $86.98 $15,538.50
147 $15,538.50 $68.76 $0.00 $87.86 $15,695.12
148 $15,695.12 $68.76 $0.00 $88.74 $15,852.62
149 $15,852.62 $68.76 $0.00 $89.63 $16,011.01
150 $16,011.01 $68.76 $0.00 $90.53 $16,170.30
151 $16,170.30 $68.76 $0.00 $91.43 $16,330.49
152 $16,330.49 $68.76 $0.00 $92.33 $16,491.58
153 $16,491.58 $68.76 $0.00 $93.25 $16,653.59
154 $16,653.59 $68.76 $0.00 $94.16 $16,816.51
155 $16,816.51 $68.76 $0.00 $95.08 $16,980.35
156 $16,980.35 $68.76 $0.00 $96.01 $17,145.12
157 $17,145.12 $68.76 $0.00 $96.94 $17,310.82
158 $17,310.82 $68.76 $0.00 $97.88 $17,477.46
159 $17,477.46 $68.76 $0.00 $98.82 $17,645.04
160 $17,645.04 $68.76 $0.00 $99.77 $17,813.57
161 $17,813.57 $68.76 $0.00 $100.72 $17,983.05
162 $17,983.05 $68.76 $0.00 $101.68 $18,153.49
163 $18,153.49 $68.76 $0.00 $102.64 $18,324.89
164 $18,324.89 $68.76 $0.00 $103.61 $18,497.26
165 $18,497.26 $68.76 $0.00 $104.59 $18,670.61
166 $18,670.61 $68.76 $0.00 $105.57 $18,844.94
167 $18,844.94 $68.76 $0.00 $106.55 $19,020.25
168 $19,020.25 $68.76 $0.00 $107.54 $19,196.55
169 $19,196.55 $68.76 $0.00 $108.54 $19,373.85
170 $19,373.85 $68.76 $0.00 $109.54 $19,552.15
171 $19,552.15 $68.76 $0.00 $110.55 $19,731.46
172 $19,731.46 $68.76 $0.00 $111.56 $19,911.78
173 $19,911.78 $68.76 $0.00 $112.58 $20,093.12
174 $20,093.12 $68.76 $0.00 $113.61 $20,275.49
175 $20,275.49 $68.76 $0.00 $114.64 $20,458.89
176 $20,458.89 $68.76 $0.00 $115.68 $20,643.33
177 $20,643.33 $68.76 $0.00 $116.72 $20,828.81
178 $20,828.81 $68.76 $0.00 $117.77 $21,015.34
179 $21,015.34 $68.76 $0.00 $118.82 $21,202.92
180 $21,202.92 $68.76 $0.00 $119.88 $21,391.56
181 $21,391.56 $68.76 $0.00 $120.95 $21,581.27
182 $21,581.27 $68.76 $0.00 $122.02 $21,772.05
183 $21,772.05 $68.76 $0.00 $123.10 $21,963.91
184 $21,963.91 $68.76 $0.00 $124.19 $22,156.86
185 $22,156.86 $68.76 $0.00 $125.28 $22,350.90
186 $22,350.90 $68.76 $0.00 $126.38 $22,546.04
187 $22,546.04 $68.76 $0.00 $127.48 $22,742.28
188 $22,742.28 $68.76 $0.00 $128.59 $22,939.63
189 $22,939.63 $68.76 $0.00 $129.70 $23,138.09
190 $23,138.09 $68.76 $0.00 $130.83 $23,337.68
191 $23,337.68 $68.76 $0.00 $131.95 $23,538.39
192 $23,538.39 $68.76 $0.00 $133.09 $23,740.24
193 $23,740.24 $68.76 $0.00 $134.23 $23,943.23
194 $23,943.23 $68.76 $0.00 $135.38 $24,147.37
195 $24,147.37 $68.76 $0.00 $136.53 $24,352.66
196 $24,352.66 $68.76 $0.00 $137.69 $24,559.11
197 $24,559.11 $68.76 $0.00 $138.86 $24,766.73
198 $24,766.73 $68.76 $0.00 $140.03 $24,975.52
199 $24,975.52 $68.76 $0.00 $141.22 $25,185.50
200 $25,185.50 $68.76 $0.00 $142.40 $25,396.66
201 $25,396.66 $68.76 $0.00 $143.60 $25,609.02
202 $25,609.02 $68.76 $0.00 $144.80 $25,822.58
203 $25,822.58 $68.76 $0.00 $146.00 $26,037.34
204 $26,037.34 $68.76 $0.00 $147.22 $26,253.32
205 $26,253.32 $68.76 $0.00 $148.44 $26,470.52
206 $26,470.52 $68.76 $0.00 $149.67 $26,688.95
207 $26,688.95 $68.76 $0.00 $150.90 $26,908.61
208 $26,908.61 $68.76 $0.00 $152.15 $27,129.52
209 $27,129.52 $68.76 $0.00 $153.39 $27,351.67
210 $27,351.67 $68.76 $0.00 $154.65 $27,575.08
211 $27,575.08 $68.76 $0.00 $155.91 $27,799.75
212 $27,799.75 $68.76 $0.00 $157.18 $28,025.69
213 $28,025.69 $68.76 $0.00 $158.46 $28,252.91
214 $28,252.91 $68.76 $0.00 $159.75 $28,481.42
215 $28,481.42 $68.76 $0.00 $161.04 $28,711.22
216 $28,711.22 $68.76 $0.00 $162.34 $28,942.32
217 $28,942.32 $68.76 $14,952.82 $163.64 $14,221.90
218 $14,221.90 $68.76 $0.00 $80.41 $14,371.07
219 $14,371.07 $68.76 $0.00 $81.26 $14,521.09
220 $14,521.09 $68.76 $0.00 $82.10 $14,671.95
221 $14,671.95 $68.76 $0.00 $82.96 $14,823.67
222 $14,823.67 $68.76 $0.00 $83.82 $14,976.25
223 $14,976.25 $68.76 $0.00 $84.68 $15,129.69
224 $15,129.69 $68.76 $0.00 $85.55 $15,284.00
225 $15,284.00 $68.76 $0.00 $86.42 $15,439.18
226 $15,439.18 $68.76 $0.00 $87.30 $15,595.24
227 $15,595.24 $68.76 $0.00 $88.18 $15,752.18
228 $15,752.18 $68.76 $0.00 $89.07 $15,910.01
229 $15,910.01 $0.00 $15,999.52 $89.96 $0.45