Savings Plan and Future Cost Estimation for North Lake College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$67,005
Monthly savings required$298

How much will it cost to send your child to North Lake College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $134,010.19 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $297.70 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$19,154.00
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 $297.70 $0.00 $0.00 $297.70
2 $297.70 $297.70 $0.00 $1.68 $597.08
3 $597.08 $297.70 $0.00 $3.38 $898.16
4 $898.16 $297.70 $0.00 $5.08 $1,200.94
5 $1,200.94 $297.70 $0.00 $6.79 $1,505.43
6 $1,505.43 $297.70 $0.00 $8.51 $1,811.64
7 $1,811.64 $297.70 $0.00 $10.24 $2,119.58
8 $2,119.58 $297.70 $0.00 $11.98 $2,429.26
9 $2,429.26 $297.70 $0.00 $13.74 $2,740.70
10 $2,740.70 $297.70 $0.00 $15.50 $3,053.90
11 $3,053.90 $297.70 $0.00 $17.27 $3,368.87
12 $3,368.87 $297.70 $0.00 $19.05 $3,685.62
13 $3,685.62 $297.70 $0.00 $20.84 $4,004.16
14 $4,004.16 $297.70 $0.00 $22.64 $4,324.50
15 $4,324.50 $297.70 $0.00 $24.45 $4,646.65
16 $4,646.65 $297.70 $0.00 $26.27 $4,970.62
17 $4,970.62 $297.70 $0.00 $28.10 $5,296.42
18 $5,296.42 $297.70 $0.00 $29.95 $5,624.07
19 $5,624.07 $297.70 $0.00 $31.80 $5,953.57
20 $5,953.57 $297.70 $0.00 $33.66 $6,284.93
21 $6,284.93 $297.70 $0.00 $35.54 $6,618.17
22 $6,618.17 $297.70 $0.00 $37.42 $6,953.29
23 $6,953.29 $297.70 $0.00 $39.31 $7,290.30
24 $7,290.30 $297.70 $0.00 $41.22 $7,629.22
25 $7,629.22 $297.70 $0.00 $43.14 $7,970.06
26 $7,970.06 $297.70 $0.00 $45.06 $8,312.82
27 $8,312.82 $297.70 $0.00 $47.00 $8,657.52
28 $8,657.52 $297.70 $0.00 $48.95 $9,004.17
29 $9,004.17 $297.70 $0.00 $50.91 $9,352.78
30 $9,352.78 $297.70 $0.00 $52.88 $9,703.36
31 $9,703.36 $297.70 $0.00 $54.86 $10,055.92
32 $10,055.92 $297.70 $0.00 $56.86 $10,410.48
33 $10,410.48 $297.70 $0.00 $58.86 $10,767.04
34 $10,767.04 $297.70 $0.00 $60.88 $11,125.62
35 $11,125.62 $297.70 $0.00 $62.91 $11,486.23
36 $11,486.23 $297.70 $0.00 $64.94 $11,848.87
37 $11,848.87 $297.70 $0.00 $67.00 $12,213.57
38 $12,213.57 $297.70 $0.00 $69.06 $12,580.33
39 $12,580.33 $297.70 $0.00 $71.13 $12,949.16
40 $12,949.16 $297.70 $0.00 $73.22 $13,320.08
41 $13,320.08 $297.70 $0.00 $75.31 $13,693.09
42 $13,693.09 $297.70 $0.00 $77.42 $14,068.21
43 $14,068.21 $297.70 $0.00 $79.54 $14,445.45
44 $14,445.45 $297.70 $0.00 $81.68 $14,824.83
45 $14,824.83 $297.70 $0.00 $83.82 $15,206.35
46 $15,206.35 $297.70 $0.00 $85.98 $15,590.03
47 $15,590.03 $297.70 $0.00 $88.15 $15,975.88
48 $15,975.88 $297.70 $0.00 $90.33 $16,363.91
49 $16,363.91 $297.70 $0.00 $92.52 $16,754.13
50 $16,754.13 $297.70 $0.00 $94.73 $17,146.56
51 $17,146.56 $297.70 $0.00 $96.95 $17,541.21
52 $17,541.21 $297.70 $0.00 $99.18 $17,938.09
53 $17,938.09 $297.70 $0.00 $101.42 $18,337.21
54 $18,337.21 $297.70 $0.00 $103.68 $18,738.59
55 $18,738.59 $297.70 $0.00 $105.95 $19,142.24
56 $19,142.24 $297.70 $0.00 $108.23 $19,548.17
57 $19,548.17 $297.70 $0.00 $110.53 $19,956.40
58 $19,956.40 $297.70 $0.00 $112.84 $20,366.94
59 $20,366.94 $297.70 $0.00 $115.16 $20,779.80
60 $20,779.80 $297.70 $0.00 $117.49 $21,194.99
61 $21,194.99 $297.70 $0.00 $119.84 $21,612.53
62 $21,612.53 $297.70 $0.00 $122.20 $22,032.43
63 $22,032.43 $297.70 $0.00 $124.57 $22,454.70
64 $22,454.70 $297.70 $0.00 $126.96 $22,879.36
65 $22,879.36 $297.70 $0.00 $129.36 $23,306.42
66 $23,306.42 $297.70 $0.00 $131.78 $23,735.90
67 $23,735.90 $297.70 $0.00 $134.21 $24,167.81
68 $24,167.81 $297.70 $0.00 $136.65 $24,602.16
69 $24,602.16 $297.70 $0.00 $139.10 $25,038.96
70 $25,038.96 $297.70 $0.00 $141.57 $25,478.23
71 $25,478.23 $297.70 $0.00 $144.06 $25,919.99
72 $25,919.99 $297.70 $0.00 $146.56 $26,364.25
73 $26,364.25 $297.70 $0.00 $149.07 $26,811.02
74 $26,811.02 $297.70 $0.00 $151.59 $27,260.31
75 $27,260.31 $297.70 $0.00 $154.13 $27,712.14
76 $27,712.14 $297.70 $0.00 $156.69 $28,166.53
77 $28,166.53 $297.70 $0.00 $159.26 $28,623.49
78 $28,623.49 $297.70 $0.00 $161.84 $29,083.03
79 $29,083.03 $297.70 $0.00 $164.44 $29,545.17
80 $29,545.17 $297.70 $0.00 $167.05 $30,009.92
81 $30,009.92 $297.70 $0.00 $169.68 $30,477.30
82 $30,477.30 $297.70 $0.00 $172.32 $30,947.32
83 $30,947.32 $297.70 $0.00 $174.98 $31,420.00
84 $31,420.00 $297.70 $0.00 $177.65 $31,895.35
85 $31,895.35 $297.70 $0.00 $180.34 $32,373.39
86 $32,373.39 $297.70 $0.00 $183.04 $32,854.13
87 $32,854.13 $297.70 $0.00 $185.76 $33,337.59
88 $33,337.59 $297.70 $0.00 $188.50 $33,823.79
89 $33,823.79 $297.70 $0.00 $191.24 $34,312.73
90 $34,312.73 $297.70 $0.00 $194.01 $34,804.44
91 $34,804.44 $297.70 $0.00 $196.79 $35,298.93
92 $35,298.93 $297.70 $0.00 $199.59 $35,796.22
93 $35,796.22 $297.70 $0.00 $202.40 $36,296.32
94 $36,296.32 $297.70 $0.00 $205.22 $36,799.24
95 $36,799.24 $297.70 $0.00 $208.07 $37,305.01
96 $37,305.01 $297.70 $0.00 $210.93 $37,813.64
97 $37,813.64 $297.70 $0.00 $213.80 $38,325.14
98 $38,325.14 $297.70 $0.00 $216.70 $38,839.54
99 $38,839.54 $297.70 $0.00 $219.60 $39,356.84
100 $39,356.84 $297.70 $0.00 $222.53 $39,877.07
101 $39,877.07 $297.70 $0.00 $225.47 $40,400.24
102 $40,400.24 $297.70 $0.00 $228.43 $40,926.37
103 $40,926.37 $297.70 $0.00 $231.40 $41,455.47
104 $41,455.47 $297.70 $0.00 $234.40 $41,987.57
105 $41,987.57 $297.70 $0.00 $237.40 $42,522.67
106 $42,522.67 $297.70 $0.00 $240.43 $43,060.80
107 $43,060.80 $297.70 $0.00 $243.47 $43,601.97
108 $43,601.97 $297.70 $0.00 $246.53 $44,146.20
109 $44,146.20 $297.70 $0.00 $249.61 $44,693.51
110 $44,693.51 $297.70 $0.00 $252.70 $45,243.91
111 $45,243.91 $297.70 $0.00 $255.82 $45,797.43
112 $45,797.43 $297.70 $0.00 $258.95 $46,354.08
113 $46,354.08 $297.70 $0.00 $262.09 $46,913.87
114 $46,913.87 $297.70 $0.00 $265.26 $47,476.83
115 $47,476.83 $297.70 $0.00 $268.44 $48,042.97
116 $48,042.97 $297.70 $0.00 $271.64 $48,612.31
117 $48,612.31 $297.70 $0.00 $274.86 $49,184.87
118 $49,184.87 $297.70 $0.00 $278.10 $49,760.67
119 $49,760.67 $297.70 $0.00 $281.35 $50,339.72
120 $50,339.72 $297.70 $0.00 $284.63 $50,922.05
121 $50,922.05 $297.70 $0.00 $287.92 $51,507.67
122 $51,507.67 $297.70 $0.00 $291.23 $52,096.60
123 $52,096.60 $297.70 $0.00 $294.56 $52,688.86
124 $52,688.86 $297.70 $0.00 $297.91 $53,284.47
125 $53,284.47 $297.70 $0.00 $301.28 $53,883.45
126 $53,883.45 $297.70 $0.00 $304.66 $54,485.81
127 $54,485.81 $297.70 $0.00 $308.07 $55,091.58
128 $55,091.58 $297.70 $0.00 $311.50 $55,700.78
129 $55,700.78 $297.70 $0.00 $314.94 $56,313.42
130 $56,313.42 $297.70 $0.00 $318.40 $56,929.52
131 $56,929.52 $297.70 $0.00 $321.89 $57,549.11
132 $57,549.11 $297.70 $0.00 $325.39 $58,172.20
133 $58,172.20 $297.70 $0.00 $328.91 $58,798.81
134 $58,798.81 $297.70 $0.00 $332.46 $59,428.97
135 $59,428.97 $297.70 $0.00 $336.02 $60,062.69
136 $60,062.69 $297.70 $0.00 $339.60 $60,699.99
137 $60,699.99 $297.70 $0.00 $343.21 $61,340.90
138 $61,340.90 $297.70 $0.00 $346.83 $61,985.43
139 $61,985.43 $297.70 $0.00 $350.47 $62,633.60
140 $62,633.60 $297.70 $0.00 $354.14 $63,285.44
141 $63,285.44 $297.70 $0.00 $357.83 $63,940.97
142 $63,940.97 $297.70 $0.00 $361.53 $64,600.20
143 $64,600.20 $297.70 $0.00 $365.26 $65,263.16
144 $65,263.16 $297.70 $0.00 $369.01 $65,929.87
145 $65,929.87 $297.70 $0.00 $372.78 $66,600.35
146 $66,600.35 $297.70 $0.00 $376.57 $67,274.62
147 $67,274.62 $297.70 $0.00 $380.38 $67,952.70
148 $67,952.70 $297.70 $0.00 $384.21 $68,634.61
149 $68,634.61 $297.70 $0.00 $388.07 $69,320.38
150 $69,320.38 $297.70 $0.00 $391.95 $70,010.03
151 $70,010.03 $297.70 $0.00 $395.85 $70,703.58
152 $70,703.58 $297.70 $0.00 $399.77 $71,401.05
153 $71,401.05 $297.70 $0.00 $403.71 $72,102.46
154 $72,102.46 $297.70 $0.00 $407.68 $72,807.84
155 $72,807.84 $297.70 $0.00 $411.67 $73,517.21
156 $73,517.21 $297.70 $0.00 $415.68 $74,230.59
157 $74,230.59 $297.70 $0.00 $419.71 $74,948.00
158 $74,948.00 $297.70 $0.00 $423.77 $75,669.47
159 $75,669.47 $297.70 $0.00 $427.85 $76,395.02
160 $76,395.02 $297.70 $0.00 $431.95 $77,124.67
161 $77,124.67 $297.70 $0.00 $436.07 $77,858.44
162 $77,858.44 $297.70 $0.00 $440.22 $78,596.36
163 $78,596.36 $297.70 $0.00 $444.40 $79,338.46
164 $79,338.46 $297.70 $0.00 $448.59 $80,084.75
165 $80,084.75 $297.70 $0.00 $452.81 $80,835.26
166 $80,835.26 $297.70 $0.00 $457.05 $81,590.01
167 $81,590.01 $297.70 $0.00 $461.32 $82,349.03
168 $82,349.03 $297.70 $0.00 $465.61 $83,112.34
169 $83,112.34 $297.70 $0.00 $469.93 $83,879.97
170 $83,879.97 $297.70 $0.00 $474.27 $84,651.94
171 $84,651.94 $297.70 $0.00 $478.63 $85,428.27
172 $85,428.27 $297.70 $0.00 $483.02 $86,208.99
173 $86,208.99 $297.70 $0.00 $487.44 $86,994.13
174 $86,994.13 $297.70 $0.00 $491.88 $87,783.71
175 $87,783.71 $297.70 $0.00 $496.34 $88,577.75
176 $88,577.75 $297.70 $0.00 $500.83 $89,376.28
177 $89,376.28 $297.70 $0.00 $505.35 $90,179.33
178 $90,179.33 $297.70 $0.00 $509.89 $90,986.92
179 $90,986.92 $297.70 $0.00 $514.45 $91,799.07
180 $91,799.07 $297.70 $0.00 $519.05 $92,615.82
181 $92,615.82 $297.70 $0.00 $523.66 $93,437.18
182 $93,437.18 $297.70 $0.00 $528.31 $94,263.19
183 $94,263.19 $297.70 $0.00 $532.98 $95,093.87
184 $95,093.87 $297.70 $0.00 $537.67 $95,929.24
185 $95,929.24 $297.70 $0.00 $542.40 $96,769.34
186 $96,769.34 $297.70 $0.00 $547.15 $97,614.19
187 $97,614.19 $297.70 $0.00 $551.92 $98,463.81
188 $98,463.81 $297.70 $0.00 $556.73 $99,318.24
189 $99,318.24 $297.70 $0.00 $561.56 $100,177.50
190 $100,177.50 $297.70 $0.00 $566.42 $101,041.62
191 $101,041.62 $297.70 $0.00 $571.30 $101,910.62
192 $101,910.62 $297.70 $0.00 $576.22 $102,784.54
193 $102,784.54 $297.70 $0.00 $581.16 $103,663.40
194 $103,663.40 $297.70 $0.00 $586.13 $104,547.23
195 $104,547.23 $297.70 $0.00 $591.13 $105,436.06
196 $105,436.06 $297.70 $0.00 $596.15 $106,329.91
197 $106,329.91 $297.70 $0.00 $601.20 $107,228.81
198 $107,228.81 $297.70 $0.00 $606.29 $108,132.80
199 $108,132.80 $297.70 $0.00 $611.40 $109,041.90
200 $109,041.90 $297.70 $0.00 $616.54 $109,956.14
201 $109,956.14 $297.70 $0.00 $621.71 $110,875.55
202 $110,875.55 $297.70 $0.00 $626.91 $111,800.16
203 $111,800.16 $297.70 $0.00 $632.13 $112,729.99
204 $112,729.99 $297.70 $0.00 $637.39 $113,665.08
205 $113,665.08 $297.70 $0.00 $642.68 $114,605.46
206 $114,605.46 $297.70 $0.00 $648.00 $115,551.16
207 $115,551.16 $297.70 $0.00 $653.34 $116,502.20
208 $116,502.20 $297.70 $0.00 $658.72 $117,458.62
209 $117,458.62 $297.70 $0.00 $664.13 $118,420.45
210 $118,420.45 $297.70 $0.00 $669.57 $119,387.72
211 $119,387.72 $297.70 $0.00 $675.04 $120,360.46
212 $120,360.46 $297.70 $0.00 $680.54 $121,338.70
213 $121,338.70 $297.70 $0.00 $686.07 $122,322.47
214 $122,322.47 $297.70 $0.00 $691.63 $123,311.80
215 $123,311.80 $297.70 $0.00 $697.22 $124,306.72
216 $124,306.72 $297.70 $0.00 $702.85 $125,307.27
217 $125,307.27 $297.70 $64,739.22 $708.51 $61,574.26
218 $61,574.26 $297.70 $0.00 $348.15 $62,220.11
219 $62,220.11 $297.70 $0.00 $351.80 $62,869.61
220 $62,869.61 $297.70 $0.00 $355.47 $63,522.78
221 $63,522.78 $297.70 $0.00 $359.17 $64,179.65
222 $64,179.65 $297.70 $0.00 $362.88 $64,840.23
223 $64,840.23 $297.70 $0.00 $366.62 $65,504.55
224 $65,504.55 $297.70 $0.00 $370.37 $66,172.62
225 $66,172.62 $297.70 $0.00 $374.15 $66,844.47
226 $66,844.47 $297.70 $0.00 $377.95 $67,520.12
227 $67,520.12 $297.70 $0.00 $381.77 $68,199.59
228 $68,199.59 $297.70 $0.00 $385.61 $68,882.90
229 $68,882.90 $0.00 $69,270.97 $389.47 $1.40