Estimated Annual Cost in 2042 | $92,756 |
Monthly savings required | $733 |
How much will it cost to send your child to University of Maine at Farmington in 18 years and how much do you need to save? A 4 year degree is estimated to be priced at $371,025.82 for students enrolling in 2042 if tuition increases average 7% per year until then. Assuming you have no current college savings, monthly deposits of $733.08 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.
Current Annual Cost | $24,724.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 7% |
Current Savings | $0.00 |
After Tax Return on Savings | 7% |
Years of enrollment | 4 |
Discover how much will you need to start saving now to afford University of Maine at Farmington in the future.
Month | Begin | Deposit | Withdraw | Interest | End |
---|---|---|---|---|---|
1 | $0.00 | $733.08 | $0.00 | $0.00 | $733.08 |
2 | $733.08 | $733.08 | $0.00 | $4.14 | $1,470.30 |
3 | $1,470.30 | $733.08 | $0.00 | $8.31 | $2,211.69 |
4 | $2,211.69 | $733.08 | $0.00 | $12.51 | $2,957.28 |
5 | $2,957.28 | $733.08 | $0.00 | $16.72 | $3,707.08 |
6 | $3,707.08 | $733.08 | $0.00 | $20.96 | $4,461.12 |
7 | $4,461.12 | $733.08 | $0.00 | $25.22 | $5,219.42 |
8 | $5,219.42 | $733.08 | $0.00 | $29.51 | $5,982.01 |
9 | $5,982.01 | $733.08 | $0.00 | $33.82 | $6,748.91 |
10 | $6,748.91 | $733.08 | $0.00 | $38.16 | $7,520.15 |
11 | $7,520.15 | $733.08 | $0.00 | $42.52 | $8,295.75 |
12 | $8,295.75 | $733.08 | $0.00 | $46.91 | $9,075.74 |
13 | $9,075.74 | $733.08 | $0.00 | $51.32 | $9,860.14 |
14 | $9,860.14 | $733.08 | $0.00 | $55.75 | $10,648.97 |
15 | $10,648.97 | $733.08 | $0.00 | $60.21 | $11,442.26 |
16 | $11,442.26 | $733.08 | $0.00 | $64.70 | $12,240.04 |
17 | $12,240.04 | $733.08 | $0.00 | $69.21 | $13,042.33 |
18 | $13,042.33 | $733.08 | $0.00 | $73.74 | $13,849.15 |
19 | $13,849.15 | $733.08 | $0.00 | $78.31 | $14,660.54 |
20 | $14,660.54 | $733.08 | $0.00 | $82.89 | $15,476.51 |
21 | $15,476.51 | $733.08 | $0.00 | $87.51 | $16,297.10 |
22 | $16,297.10 | $733.08 | $0.00 | $92.15 | $17,122.33 |
23 | $17,122.33 | $733.08 | $0.00 | $96.81 | $17,952.22 |
24 | $17,952.22 | $733.08 | $0.00 | $101.50 | $18,786.80 |
25 | $18,786.80 | $733.08 | $0.00 | $106.22 | $19,626.10 |
26 | $19,626.10 | $733.08 | $0.00 | $110.97 | $20,470.15 |
27 | $20,470.15 | $733.08 | $0.00 | $115.74 | $21,318.97 |
28 | $21,318.97 | $733.08 | $0.00 | $120.54 | $22,172.59 |
29 | $22,172.59 | $733.08 | $0.00 | $125.37 | $23,031.04 |
30 | $23,031.04 | $733.08 | $0.00 | $130.22 | $23,894.34 |
31 | $23,894.34 | $733.08 | $0.00 | $135.10 | $24,762.52 |
32 | $24,762.52 | $733.08 | $0.00 | $140.01 | $25,635.61 |
33 | $25,635.61 | $733.08 | $0.00 | $144.95 | $26,513.64 |
34 | $26,513.64 | $733.08 | $0.00 | $149.91 | $27,396.63 |
35 | $27,396.63 | $733.08 | $0.00 | $154.90 | $28,284.61 |
36 | $28,284.61 | $733.08 | $0.00 | $159.93 | $29,177.62 |
37 | $29,177.62 | $733.08 | $0.00 | $164.97 | $30,075.67 |
38 | $30,075.67 | $733.08 | $0.00 | $170.05 | $30,978.80 |
39 | $30,978.80 | $733.08 | $0.00 | $175.16 | $31,887.04 |
40 | $31,887.04 | $733.08 | $0.00 | $180.29 | $32,800.41 |
41 | $32,800.41 | $733.08 | $0.00 | $185.46 | $33,718.95 |
42 | $33,718.95 | $733.08 | $0.00 | $190.65 | $34,642.68 |
43 | $34,642.68 | $733.08 | $0.00 | $195.87 | $35,571.63 |
44 | $35,571.63 | $733.08 | $0.00 | $201.13 | $36,505.84 |
45 | $36,505.84 | $733.08 | $0.00 | $206.41 | $37,445.33 |
46 | $37,445.33 | $733.08 | $0.00 | $211.72 | $38,390.13 |
47 | $38,390.13 | $733.08 | $0.00 | $217.06 | $39,340.27 |
48 | $39,340.27 | $733.08 | $0.00 | $222.44 | $40,295.79 |
49 | $40,295.79 | $733.08 | $0.00 | $227.84 | $41,256.71 |
50 | $41,256.71 | $733.08 | $0.00 | $233.27 | $42,223.06 |
51 | $42,223.06 | $733.08 | $0.00 | $238.74 | $43,194.88 |
52 | $43,194.88 | $733.08 | $0.00 | $244.23 | $44,172.19 |
53 | $44,172.19 | $733.08 | $0.00 | $249.76 | $45,155.03 |
54 | $45,155.03 | $733.08 | $0.00 | $255.31 | $46,143.42 |
55 | $46,143.42 | $733.08 | $0.00 | $260.90 | $47,137.40 |
56 | $47,137.40 | $733.08 | $0.00 | $266.52 | $48,137.00 |
57 | $48,137.00 | $733.08 | $0.00 | $272.17 | $49,142.25 |
58 | $49,142.25 | $733.08 | $0.00 | $277.86 | $50,153.19 |
59 | $50,153.19 | $733.08 | $0.00 | $283.57 | $51,169.84 |
60 | $51,169.84 | $733.08 | $0.00 | $289.32 | $52,192.24 |
61 | $52,192.24 | $733.08 | $0.00 | $295.10 | $53,220.42 |
62 | $53,220.42 | $733.08 | $0.00 | $300.92 | $54,254.42 |
63 | $54,254.42 | $733.08 | $0.00 | $306.76 | $55,294.26 |
64 | $55,294.26 | $733.08 | $0.00 | $312.64 | $56,339.98 |
65 | $56,339.98 | $733.08 | $0.00 | $318.55 | $57,391.61 |
66 | $57,391.61 | $733.08 | $0.00 | $324.50 | $58,449.19 |
67 | $58,449.19 | $733.08 | $0.00 | $330.48 | $59,512.75 |
68 | $59,512.75 | $733.08 | $0.00 | $336.49 | $60,582.32 |
69 | $60,582.32 | $733.08 | $0.00 | $342.54 | $61,657.94 |
70 | $61,657.94 | $733.08 | $0.00 | $348.62 | $62,739.64 |
71 | $62,739.64 | $733.08 | $0.00 | $354.74 | $63,827.46 |
72 | $63,827.46 | $733.08 | $0.00 | $360.89 | $64,921.43 |
73 | $64,921.43 | $733.08 | $0.00 | $367.08 | $66,021.59 |
74 | $66,021.59 | $733.08 | $0.00 | $373.30 | $67,127.97 |
75 | $67,127.97 | $733.08 | $0.00 | $379.55 | $68,240.60 |
76 | $68,240.60 | $733.08 | $0.00 | $385.84 | $69,359.52 |
77 | $69,359.52 | $733.08 | $0.00 | $392.17 | $70,484.77 |
78 | $70,484.77 | $733.08 | $0.00 | $398.53 | $71,616.38 |
79 | $71,616.38 | $733.08 | $0.00 | $404.93 | $72,754.39 |
80 | $72,754.39 | $733.08 | $0.00 | $411.36 | $73,898.83 |
81 | $73,898.83 | $733.08 | $0.00 | $417.83 | $75,049.74 |
82 | $75,049.74 | $733.08 | $0.00 | $424.34 | $76,207.16 |
83 | $76,207.16 | $733.08 | $0.00 | $430.89 | $77,371.13 |
84 | $77,371.13 | $733.08 | $0.00 | $437.47 | $78,541.68 |
85 | $78,541.68 | $733.08 | $0.00 | $444.09 | $79,718.85 |
86 | $79,718.85 | $733.08 | $0.00 | $450.74 | $80,902.67 |
87 | $80,902.67 | $733.08 | $0.00 | $457.44 | $82,093.19 |
88 | $82,093.19 | $733.08 | $0.00 | $464.17 | $83,290.44 |
89 | $83,290.44 | $733.08 | $0.00 | $470.94 | $84,494.46 |
90 | $84,494.46 | $733.08 | $0.00 | $477.74 | $85,705.28 |
91 | $85,705.28 | $733.08 | $0.00 | $484.59 | $86,922.95 |
92 | $86,922.95 | $733.08 | $0.00 | $491.47 | $88,147.50 |
93 | $88,147.50 | $733.08 | $0.00 | $498.40 | $89,378.98 |
94 | $89,378.98 | $733.08 | $0.00 | $505.36 | $90,617.42 |
95 | $90,617.42 | $733.08 | $0.00 | $512.36 | $91,862.86 |
96 | $91,862.86 | $733.08 | $0.00 | $519.41 | $93,115.35 |
97 | $93,115.35 | $733.08 | $0.00 | $526.49 | $94,374.92 |
98 | $94,374.92 | $733.08 | $0.00 | $533.61 | $95,641.61 |
99 | $95,641.61 | $733.08 | $0.00 | $540.77 | $96,915.46 |
100 | $96,915.46 | $733.08 | $0.00 | $547.97 | $98,196.51 |
101 | $98,196.51 | $733.08 | $0.00 | $555.22 | $99,484.81 |
102 | $99,484.81 | $733.08 | $0.00 | $562.50 | $100,780.39 |
103 | $100,780.39 | $733.08 | $0.00 | $569.83 | $102,083.30 |
104 | $102,083.30 | $733.08 | $0.00 | $577.19 | $103,393.57 |
105 | $103,393.57 | $733.08 | $0.00 | $584.60 | $104,711.25 |
106 | $104,711.25 | $733.08 | $0.00 | $592.05 | $106,036.38 |
107 | $106,036.38 | $733.08 | $0.00 | $599.55 | $107,369.01 |
108 | $107,369.01 | $733.08 | $0.00 | $607.08 | $108,709.17 |
109 | $108,709.17 | $733.08 | $0.00 | $614.66 | $110,056.91 |
110 | $110,056.91 | $733.08 | $0.00 | $622.28 | $111,412.27 |
111 | $111,412.27 | $733.08 | $0.00 | $629.94 | $112,775.29 |
112 | $112,775.29 | $733.08 | $0.00 | $637.65 | $114,146.02 |
113 | $114,146.02 | $733.08 | $0.00 | $645.40 | $115,524.50 |
114 | $115,524.50 | $733.08 | $0.00 | $653.19 | $116,910.77 |
115 | $116,910.77 | $733.08 | $0.00 | $661.03 | $118,304.88 |
116 | $118,304.88 | $733.08 | $0.00 | $668.91 | $119,706.87 |
117 | $119,706.87 | $733.08 | $0.00 | $676.84 | $121,116.79 |
118 | $121,116.79 | $733.08 | $0.00 | $684.81 | $122,534.68 |
119 | $122,534.68 | $733.08 | $0.00 | $692.83 | $123,960.59 |
120 | $123,960.59 | $733.08 | $0.00 | $700.89 | $125,394.56 |
121 | $125,394.56 | $733.08 | $0.00 | $709.00 | $126,836.64 |
122 | $126,836.64 | $733.08 | $0.00 | $717.15 | $128,286.87 |
123 | $128,286.87 | $733.08 | $0.00 | $725.35 | $129,745.30 |
124 | $129,745.30 | $733.08 | $0.00 | $733.60 | $131,211.98 |
125 | $131,211.98 | $733.08 | $0.00 | $741.89 | $132,686.95 |
126 | $132,686.95 | $733.08 | $0.00 | $750.23 | $134,170.26 |
127 | $134,170.26 | $733.08 | $0.00 | $758.62 | $135,661.96 |
128 | $135,661.96 | $733.08 | $0.00 | $767.05 | $137,162.09 |
129 | $137,162.09 | $733.08 | $0.00 | $775.53 | $138,670.70 |
130 | $138,670.70 | $733.08 | $0.00 | $784.06 | $140,187.84 |
131 | $140,187.84 | $733.08 | $0.00 | $792.64 | $141,713.56 |
132 | $141,713.56 | $733.08 | $0.00 | $801.27 | $143,247.91 |
133 | $143,247.91 | $733.08 | $0.00 | $809.94 | $144,790.93 |
134 | $144,790.93 | $733.08 | $0.00 | $818.67 | $146,342.68 |
135 | $146,342.68 | $733.08 | $0.00 | $827.44 | $147,903.20 |
136 | $147,903.20 | $733.08 | $0.00 | $836.27 | $149,472.55 |
137 | $149,472.55 | $733.08 | $0.00 | $845.14 | $151,050.77 |
138 | $151,050.77 | $733.08 | $0.00 | $854.06 | $152,637.91 |
139 | $152,637.91 | $733.08 | $0.00 | $863.04 | $154,234.03 |
140 | $154,234.03 | $733.08 | $0.00 | $872.06 | $155,839.17 |
141 | $155,839.17 | $733.08 | $0.00 | $881.14 | $157,453.39 |
142 | $157,453.39 | $733.08 | $0.00 | $890.26 | $159,076.73 |
143 | $159,076.73 | $733.08 | $0.00 | $899.44 | $160,709.25 |
144 | $160,709.25 | $733.08 | $0.00 | $908.67 | $162,351.00 |
145 | $162,351.00 | $733.08 | $0.00 | $917.96 | $164,002.04 |
146 | $164,002.04 | $733.08 | $0.00 | $927.29 | $165,662.41 |
147 | $165,662.41 | $733.08 | $0.00 | $936.68 | $167,332.17 |
148 | $167,332.17 | $733.08 | $0.00 | $946.12 | $169,011.37 |
149 | $169,011.37 | $733.08 | $0.00 | $955.61 | $170,700.06 |
150 | $170,700.06 | $733.08 | $0.00 | $965.16 | $172,398.30 |
151 | $172,398.30 | $733.08 | $0.00 | $974.77 | $174,106.15 |
152 | $174,106.15 | $733.08 | $0.00 | $984.42 | $175,823.65 |
153 | $175,823.65 | $733.08 | $0.00 | $994.13 | $177,550.86 |
154 | $177,550.86 | $733.08 | $0.00 | $1,003.90 | $179,287.84 |
155 | $179,287.84 | $733.08 | $0.00 | $1,013.72 | $181,034.64 |
156 | $181,034.64 | $733.08 | $0.00 | $1,023.60 | $182,791.32 |
157 | $182,791.32 | $733.08 | $0.00 | $1,033.53 | $184,557.93 |
158 | $184,557.93 | $733.08 | $0.00 | $1,043.52 | $186,334.53 |
159 | $186,334.53 | $733.08 | $0.00 | $1,053.56 | $188,121.17 |
160 | $188,121.17 | $733.08 | $0.00 | $1,063.66 | $189,917.91 |
161 | $189,917.91 | $733.08 | $0.00 | $1,073.82 | $191,724.81 |
162 | $191,724.81 | $733.08 | $0.00 | $1,084.04 | $193,541.93 |
163 | $193,541.93 | $733.08 | $0.00 | $1,094.31 | $195,369.32 |
164 | $195,369.32 | $733.08 | $0.00 | $1,104.65 | $197,207.05 |
165 | $197,207.05 | $733.08 | $0.00 | $1,115.04 | $199,055.17 |
166 | $199,055.17 | $733.08 | $0.00 | $1,125.49 | $200,913.74 |
167 | $200,913.74 | $733.08 | $0.00 | $1,136.00 | $202,782.82 |
168 | $202,782.82 | $733.08 | $0.00 | $1,146.56 | $204,662.46 |
169 | $204,662.46 | $733.08 | $0.00 | $1,157.19 | $206,552.73 |
170 | $206,552.73 | $733.08 | $0.00 | $1,167.88 | $208,453.69 |
171 | $208,453.69 | $733.08 | $0.00 | $1,178.63 | $210,365.40 |
172 | $210,365.40 | $733.08 | $0.00 | $1,189.44 | $212,287.92 |
173 | $212,287.92 | $733.08 | $0.00 | $1,200.31 | $214,221.31 |
174 | $214,221.31 | $733.08 | $0.00 | $1,211.24 | $216,165.63 |
175 | $216,165.63 | $733.08 | $0.00 | $1,222.23 | $218,120.94 |
176 | $218,120.94 | $733.08 | $0.00 | $1,233.29 | $220,087.31 |
177 | $220,087.31 | $733.08 | $0.00 | $1,244.41 | $222,064.80 |
178 | $222,064.80 | $733.08 | $0.00 | $1,255.59 | $224,053.47 |
179 | $224,053.47 | $733.08 | $0.00 | $1,266.83 | $226,053.38 |
180 | $226,053.38 | $733.08 | $0.00 | $1,278.14 | $228,064.60 |
181 | $228,064.60 | $733.08 | $0.00 | $1,289.51 | $230,087.19 |
182 | $230,087.19 | $733.08 | $0.00 | $1,300.95 | $232,121.22 |
183 | $232,121.22 | $733.08 | $0.00 | $1,312.45 | $234,166.75 |
184 | $234,166.75 | $733.08 | $0.00 | $1,324.01 | $236,223.84 |
185 | $236,223.84 | $733.08 | $0.00 | $1,335.64 | $238,292.56 |
186 | $238,292.56 | $733.08 | $0.00 | $1,347.34 | $240,372.98 |
187 | $240,372.98 | $733.08 | $0.00 | $1,359.10 | $242,465.16 |
188 | $242,465.16 | $733.08 | $0.00 | $1,370.93 | $244,569.17 |
189 | $244,569.17 | $733.08 | $0.00 | $1,382.83 | $246,685.08 |
190 | $246,685.08 | $733.08 | $0.00 | $1,394.79 | $248,812.95 |
191 | $248,812.95 | $733.08 | $0.00 | $1,406.82 | $250,952.85 |
192 | $250,952.85 | $733.08 | $0.00 | $1,418.92 | $253,104.85 |
193 | $253,104.85 | $733.08 | $0.00 | $1,431.09 | $255,269.02 |
194 | $255,269.02 | $733.08 | $0.00 | $1,443.33 | $257,445.43 |
195 | $257,445.43 | $733.08 | $0.00 | $1,455.63 | $259,634.14 |
196 | $259,634.14 | $733.08 | $0.00 | $1,468.01 | $261,835.23 |
197 | $261,835.23 | $733.08 | $0.00 | $1,480.45 | $264,048.76 |
198 | $264,048.76 | $733.08 | $0.00 | $1,492.97 | $266,274.81 |
199 | $266,274.81 | $733.08 | $0.00 | $1,505.56 | $268,513.45 |
200 | $268,513.45 | $733.08 | $0.00 | $1,518.21 | $270,764.74 |
201 | $270,764.74 | $733.08 | $0.00 | $1,530.94 | $273,028.76 |
202 | $273,028.76 | $733.08 | $0.00 | $1,543.74 | $275,305.58 |
203 | $275,305.58 | $733.08 | $0.00 | $1,556.62 | $277,595.28 |
204 | $277,595.28 | $733.08 | $0.00 | $1,569.56 | $279,897.92 |
205 | $279,897.92 | $733.08 | $0.00 | $1,582.58 | $282,213.58 |
206 | $282,213.58 | $733.08 | $0.00 | $1,595.68 | $284,542.34 |
207 | $284,542.34 | $733.08 | $0.00 | $1,608.84 | $286,884.26 |
208 | $286,884.26 | $733.08 | $0.00 | $1,622.09 | $289,239.43 |
209 | $289,239.43 | $733.08 | $0.00 | $1,635.40 | $291,607.91 |
210 | $291,607.91 | $733.08 | $0.00 | $1,648.79 | $293,989.78 |
211 | $293,989.78 | $733.08 | $0.00 | $1,662.26 | $296,385.12 |
212 | $296,385.12 | $733.08 | $0.00 | $1,675.80 | $298,794.00 |
213 | $298,794.00 | $733.08 | $0.00 | $1,689.42 | $301,216.50 |
214 | $301,216.50 | $733.08 | $0.00 | $1,703.12 | $303,652.70 |
215 | $303,652.70 | $733.08 | $0.00 | $1,716.90 | $306,102.68 |
216 | $306,102.68 | $733.08 | $0.00 | $1,730.75 | $308,566.51 |
217 | $308,566.51 | $733.08 | $83,565.45 | $1,744.68 | $227,478.82 |
218 | $227,478.82 | $733.08 | $0.00 | $1,286.20 | $229,498.10 |
219 | $229,498.10 | $733.08 | $0.00 | $1,297.62 | $231,528.80 |
220 | $231,528.80 | $733.08 | $0.00 | $1,309.10 | $233,570.98 |
221 | $233,570.98 | $733.08 | $0.00 | $1,320.64 | $235,624.70 |
222 | $235,624.70 | $733.08 | $0.00 | $1,332.26 | $237,690.04 |
223 | $237,690.04 | $733.08 | $0.00 | $1,343.93 | $239,767.05 |
224 | $239,767.05 | $733.08 | $0.00 | $1,355.68 | $241,855.81 |
225 | $241,855.81 | $733.08 | $0.00 | $1,367.49 | $243,956.38 |
226 | $243,956.38 | $733.08 | $0.00 | $1,379.36 | $246,068.82 |
227 | $246,068.82 | $733.08 | $0.00 | $1,391.31 | $248,193.21 |
228 | $248,193.21 | $733.08 | $0.00 | $1,403.32 | $250,329.61 |
229 | $250,329.61 | $733.08 | $89,415.03 | $1,415.40 | $163,063.06 |
230 | $163,063.06 | $733.08 | $0.00 | $921.98 | $164,718.12 |
231 | $164,718.12 | $733.08 | $0.00 | $931.34 | $166,382.54 |
232 | $166,382.54 | $733.08 | $0.00 | $940.75 | $168,056.37 |
233 | $168,056.37 | $733.08 | $0.00 | $950.22 | $169,739.67 |
234 | $169,739.67 | $733.08 | $0.00 | $959.73 | $171,432.48 |
235 | $171,432.48 | $733.08 | $0.00 | $969.30 | $173,134.86 |
236 | $173,134.86 | $733.08 | $0.00 | $978.93 | $174,846.87 |
237 | $174,846.87 | $733.08 | $0.00 | $988.61 | $176,568.56 |
238 | $176,568.56 | $733.08 | $0.00 | $998.34 | $178,299.98 |
239 | $178,299.98 | $733.08 | $0.00 | $1,008.13 | $180,041.19 |
240 | $180,041.19 | $733.08 | $0.00 | $1,017.98 | $181,792.25 |
241 | $181,792.25 | $733.08 | $95,674.08 | $1,027.88 | $87,879.13 |
242 | $87,879.13 | $733.08 | $0.00 | $496.88 | $89,109.09 |
243 | $89,109.09 | $733.08 | $0.00 | $503.84 | $90,346.01 |
244 | $90,346.01 | $733.08 | $0.00 | $510.83 | $91,589.92 |
245 | $91,589.92 | $733.08 | $0.00 | $517.86 | $92,840.86 |
246 | $92,840.86 | $733.08 | $0.00 | $524.94 | $94,098.88 |
247 | $94,098.88 | $733.08 | $0.00 | $532.05 | $95,364.01 |
248 | $95,364.01 | $733.08 | $0.00 | $539.20 | $96,636.29 |
249 | $96,636.29 | $733.08 | $0.00 | $546.40 | $97,915.77 |
250 | $97,915.77 | $733.08 | $0.00 | $553.63 | $99,202.48 |
251 | $99,202.48 | $733.08 | $0.00 | $560.91 | $100,496.47 |
252 | $100,496.47 | $733.08 | $0.00 | $568.22 | $101,797.77 |
253 | $101,797.77 | $0.00 | $102,371.26 | $575.58 | $2.09 |