Savings Plan and Future Cost Estimation for St Mary's College of Maryland

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$119,285
Monthly savings required$943

How much will it cost to send your child to St Mary's College of Maryland in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $477,138.24 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $942.74 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$31,795.00
Years until enrollment18
Annual Tuition Increase7%
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 $942.74 $0.00 $0.00 $942.74
2 $942.74 $942.74 $0.00 $5.33 $1,890.81
3 $1,890.81 $942.74 $0.00 $10.69 $2,844.24
4 $2,844.24 $942.74 $0.00 $16.08 $3,803.06
5 $3,803.06 $942.74 $0.00 $21.50 $4,767.30
6 $4,767.30 $942.74 $0.00 $26.96 $5,737.00
7 $5,737.00 $942.74 $0.00 $32.44 $6,712.18
8 $6,712.18 $942.74 $0.00 $37.95 $7,692.87
9 $7,692.87 $942.74 $0.00 $43.50 $8,679.11
10 $8,679.11 $942.74 $0.00 $49.07 $9,670.92
11 $9,670.92 $942.74 $0.00 $54.68 $10,668.34
12 $10,668.34 $942.74 $0.00 $60.32 $11,671.40
13 $11,671.40 $942.74 $0.00 $65.99 $12,680.13
14 $12,680.13 $942.74 $0.00 $71.70 $13,694.57
15 $13,694.57 $942.74 $0.00 $77.43 $14,714.74
16 $14,714.74 $942.74 $0.00 $83.20 $15,740.68
17 $15,740.68 $942.74 $0.00 $89.00 $16,772.42
18 $16,772.42 $942.74 $0.00 $94.83 $17,809.99
19 $17,809.99 $942.74 $0.00 $100.70 $18,853.43
20 $18,853.43 $942.74 $0.00 $106.60 $19,902.77
21 $19,902.77 $942.74 $0.00 $112.53 $20,958.04
22 $20,958.04 $942.74 $0.00 $118.50 $22,019.28
23 $22,019.28 $942.74 $0.00 $124.50 $23,086.52
24 $23,086.52 $942.74 $0.00 $130.53 $24,159.79
25 $24,159.79 $942.74 $0.00 $136.60 $25,239.13
26 $25,239.13 $942.74 $0.00 $142.71 $26,324.58
27 $26,324.58 $942.74 $0.00 $148.84 $27,416.16
28 $27,416.16 $942.74 $0.00 $155.01 $28,513.91
29 $28,513.91 $942.74 $0.00 $161.22 $29,617.87
30 $29,617.87 $942.74 $0.00 $167.46 $30,728.07
31 $30,728.07 $942.74 $0.00 $173.74 $31,844.55
32 $31,844.55 $942.74 $0.00 $180.05 $32,967.34
33 $32,967.34 $942.74 $0.00 $186.40 $34,096.48
34 $34,096.48 $942.74 $0.00 $192.79 $35,232.01
35 $35,232.01 $942.74 $0.00 $199.21 $36,373.96
36 $36,373.96 $942.74 $0.00 $205.66 $37,522.36
37 $37,522.36 $942.74 $0.00 $212.16 $38,677.26
38 $38,677.26 $942.74 $0.00 $218.69 $39,838.69
39 $39,838.69 $942.74 $0.00 $225.25 $41,006.68
40 $41,006.68 $942.74 $0.00 $231.86 $42,181.28
41 $42,181.28 $942.74 $0.00 $238.50 $43,362.52
42 $43,362.52 $942.74 $0.00 $245.18 $44,550.44
43 $44,550.44 $942.74 $0.00 $251.89 $45,745.07
44 $45,745.07 $942.74 $0.00 $258.65 $46,946.46
45 $46,946.46 $942.74 $0.00 $265.44 $48,154.64
46 $48,154.64 $942.74 $0.00 $272.27 $49,369.65
47 $49,369.65 $942.74 $0.00 $279.14 $50,591.53
48 $50,591.53 $942.74 $0.00 $286.05 $51,820.32
49 $51,820.32 $942.74 $0.00 $293.00 $53,056.06
50 $53,056.06 $942.74 $0.00 $299.99 $54,298.79
51 $54,298.79 $942.74 $0.00 $307.01 $55,548.54
52 $55,548.54 $942.74 $0.00 $314.08 $56,805.36
53 $56,805.36 $942.74 $0.00 $321.19 $58,069.29
54 $58,069.29 $942.74 $0.00 $328.33 $59,340.36
55 $59,340.36 $942.74 $0.00 $335.52 $60,618.62
56 $60,618.62 $942.74 $0.00 $342.75 $61,904.11
57 $61,904.11 $942.74 $0.00 $350.01 $63,196.86
58 $63,196.86 $942.74 $0.00 $357.32 $64,496.92
59 $64,496.92 $942.74 $0.00 $364.67 $65,804.33
60 $65,804.33 $942.74 $0.00 $372.07 $67,119.14
61 $67,119.14 $942.74 $0.00 $379.50 $68,441.38
62 $68,441.38 $942.74 $0.00 $386.98 $69,771.10
63 $69,771.10 $942.74 $0.00 $394.50 $71,108.34
64 $71,108.34 $942.74 $0.00 $402.06 $72,453.14
65 $72,453.14 $942.74 $0.00 $409.66 $73,805.54
66 $73,805.54 $942.74 $0.00 $417.31 $75,165.59
67 $75,165.59 $942.74 $0.00 $425.00 $76,533.33
68 $76,533.33 $942.74 $0.00 $432.73 $77,908.80
69 $77,908.80 $942.74 $0.00 $440.51 $79,292.05
70 $79,292.05 $942.74 $0.00 $448.33 $80,683.12
71 $80,683.12 $942.74 $0.00 $456.19 $82,082.05
72 $82,082.05 $942.74 $0.00 $464.10 $83,488.89
73 $83,488.89 $942.74 $0.00 $472.06 $84,903.69
74 $84,903.69 $942.74 $0.00 $480.06 $86,326.49
75 $86,326.49 $942.74 $0.00 $488.10 $87,757.33
76 $87,757.33 $942.74 $0.00 $496.19 $89,196.26
77 $89,196.26 $942.74 $0.00 $504.33 $90,643.33
78 $90,643.33 $942.74 $0.00 $512.51 $92,098.58
79 $92,098.58 $942.74 $0.00 $520.74 $93,562.06
80 $93,562.06 $942.74 $0.00 $529.01 $95,033.81
81 $95,033.81 $942.74 $0.00 $537.33 $96,513.88
82 $96,513.88 $942.74 $0.00 $545.70 $98,002.32
83 $98,002.32 $942.74 $0.00 $554.12 $99,499.18
84 $99,499.18 $942.74 $0.00 $562.58 $101,004.50
85 $101,004.50 $942.74 $0.00 $571.09 $102,518.33
86 $102,518.33 $942.74 $0.00 $579.65 $104,040.72
87 $104,040.72 $942.74 $0.00 $588.26 $105,571.72
88 $105,571.72 $942.74 $0.00 $596.92 $107,111.38
89 $107,111.38 $942.74 $0.00 $605.62 $108,659.74
90 $108,659.74 $942.74 $0.00 $614.38 $110,216.86
91 $110,216.86 $942.74 $0.00 $623.18 $111,782.78
92 $111,782.78 $942.74 $0.00 $632.04 $113,357.56
93 $113,357.56 $942.74 $0.00 $640.94 $114,941.24
94 $114,941.24 $942.74 $0.00 $649.89 $116,533.87
95 $116,533.87 $942.74 $0.00 $658.90 $118,135.51
96 $118,135.51 $942.74 $0.00 $667.96 $119,746.21
97 $119,746.21 $942.74 $0.00 $677.06 $121,366.01
98 $121,366.01 $942.74 $0.00 $686.22 $122,994.97
99 $122,994.97 $942.74 $0.00 $695.43 $124,633.14
100 $124,633.14 $942.74 $0.00 $704.69 $126,280.57
101 $126,280.57 $942.74 $0.00 $714.01 $127,937.32
102 $127,937.32 $942.74 $0.00 $723.38 $129,603.44
103 $129,603.44 $942.74 $0.00 $732.80 $131,278.98
104 $131,278.98 $942.74 $0.00 $742.27 $132,963.99
105 $132,963.99 $942.74 $0.00 $751.80 $134,658.53
106 $134,658.53 $942.74 $0.00 $761.38 $136,362.65
107 $136,362.65 $942.74 $0.00 $771.01 $138,076.40
108 $138,076.40 $942.74 $0.00 $780.70 $139,799.84
109 $139,799.84 $942.74 $0.00 $790.45 $141,533.03
110 $141,533.03 $942.74 $0.00 $800.25 $143,276.02
111 $143,276.02 $942.74 $0.00 $810.10 $145,028.86
112 $145,028.86 $942.74 $0.00 $820.01 $146,791.61
113 $146,791.61 $942.74 $0.00 $829.98 $148,564.33
114 $148,564.33 $942.74 $0.00 $840.00 $150,347.07
115 $150,347.07 $942.74 $0.00 $850.08 $152,139.89
116 $152,139.89 $942.74 $0.00 $860.22 $153,942.85
117 $153,942.85 $942.74 $0.00 $870.42 $155,756.01
118 $155,756.01 $942.74 $0.00 $880.67 $157,579.42
119 $157,579.42 $942.74 $0.00 $890.98 $159,413.14
120 $159,413.14 $942.74 $0.00 $901.35 $161,257.23
121 $161,257.23 $942.74 $0.00 $911.77 $163,111.74
122 $163,111.74 $942.74 $0.00 $922.26 $164,976.74
123 $164,976.74 $942.74 $0.00 $932.80 $166,852.28
124 $166,852.28 $942.74 $0.00 $943.41 $168,738.43
125 $168,738.43 $942.74 $0.00 $954.07 $170,635.24
126 $170,635.24 $942.74 $0.00 $964.80 $172,542.78
127 $172,542.78 $942.74 $0.00 $975.58 $174,461.10
128 $174,461.10 $942.74 $0.00 $986.43 $176,390.27
129 $176,390.27 $942.74 $0.00 $997.34 $178,330.35
130 $178,330.35 $942.74 $0.00 $1,008.31 $180,281.40
131 $180,281.40 $942.74 $0.00 $1,019.34 $182,243.48
132 $182,243.48 $942.74 $0.00 $1,030.43 $184,216.65
133 $184,216.65 $942.74 $0.00 $1,041.59 $186,200.98
134 $186,200.98 $942.74 $0.00 $1,052.81 $188,196.53
135 $188,196.53 $942.74 $0.00 $1,064.09 $190,203.36
136 $190,203.36 $942.74 $0.00 $1,075.44 $192,221.54
137 $192,221.54 $942.74 $0.00 $1,086.85 $194,251.13
138 $194,251.13 $942.74 $0.00 $1,098.32 $196,292.19
139 $196,292.19 $942.74 $0.00 $1,109.86 $198,344.79
140 $198,344.79 $942.74 $0.00 $1,121.47 $200,409.00
141 $200,409.00 $942.74 $0.00 $1,133.14 $202,484.88
142 $202,484.88 $942.74 $0.00 $1,144.88 $204,572.50
143 $204,572.50 $942.74 $0.00 $1,156.68 $206,671.92
144 $206,671.92 $942.74 $0.00 $1,168.55 $208,783.21
145 $208,783.21 $942.74 $0.00 $1,180.49 $210,906.44
146 $210,906.44 $942.74 $0.00 $1,192.50 $213,041.68
147 $213,041.68 $942.74 $0.00 $1,204.57 $215,188.99
148 $215,188.99 $942.74 $0.00 $1,216.71 $217,348.44
149 $217,348.44 $942.74 $0.00 $1,228.92 $219,520.10
150 $219,520.10 $942.74 $0.00 $1,241.20 $221,704.04
151 $221,704.04 $942.74 $0.00 $1,253.55 $223,900.33
152 $223,900.33 $942.74 $0.00 $1,265.97 $226,109.04
153 $226,109.04 $942.74 $0.00 $1,278.45 $228,330.23
154 $228,330.23 $942.74 $0.00 $1,291.01 $230,563.98
155 $230,563.98 $942.74 $0.00 $1,303.64 $232,810.36
156 $232,810.36 $942.74 $0.00 $1,316.34 $235,069.44
157 $235,069.44 $942.74 $0.00 $1,329.12 $237,341.30
158 $237,341.30 $942.74 $0.00 $1,341.96 $239,626.00
159 $239,626.00 $942.74 $0.00 $1,354.88 $241,923.62
160 $241,923.62 $942.74 $0.00 $1,367.87 $244,234.23
161 $244,234.23 $942.74 $0.00 $1,380.94 $246,557.91
162 $246,557.91 $942.74 $0.00 $1,394.07 $248,894.72
163 $248,894.72 $942.74 $0.00 $1,407.29 $251,244.75
164 $251,244.75 $942.74 $0.00 $1,420.57 $253,608.06
165 $253,608.06 $942.74 $0.00 $1,433.94 $255,984.74
166 $255,984.74 $942.74 $0.00 $1,447.37 $258,374.85
167 $258,374.85 $942.74 $0.00 $1,460.89 $260,778.48
168 $260,778.48 $942.74 $0.00 $1,474.48 $263,195.70
169 $263,195.70 $942.74 $0.00 $1,488.15 $265,626.59
170 $265,626.59 $942.74 $0.00 $1,501.89 $268,071.22
171 $268,071.22 $942.74 $0.00 $1,515.71 $270,529.67
172 $270,529.67 $942.74 $0.00 $1,529.61 $273,002.02
173 $273,002.02 $942.74 $0.00 $1,543.59 $275,488.35
174 $275,488.35 $942.74 $0.00 $1,557.65 $277,988.74
175 $277,988.74 $942.74 $0.00 $1,571.79 $280,503.27
176 $280,503.27 $942.74 $0.00 $1,586.01 $283,032.02
177 $283,032.02 $942.74 $0.00 $1,600.30 $285,575.06
178 $285,575.06 $942.74 $0.00 $1,614.68 $288,132.48
179 $288,132.48 $942.74 $0.00 $1,629.14 $290,704.36
180 $290,704.36 $942.74 $0.00 $1,643.68 $293,290.78
181 $293,290.78 $942.74 $0.00 $1,658.31 $295,891.83
182 $295,891.83 $942.74 $0.00 $1,673.02 $298,507.59
183 $298,507.59 $942.74 $0.00 $1,687.81 $301,138.14
184 $301,138.14 $942.74 $0.00 $1,702.68 $303,783.56
185 $303,783.56 $942.74 $0.00 $1,717.64 $306,443.94
186 $306,443.94 $942.74 $0.00 $1,732.68 $309,119.36
187 $309,119.36 $942.74 $0.00 $1,747.81 $311,809.91
188 $311,809.91 $942.74 $0.00 $1,763.02 $314,515.67
189 $314,515.67 $942.74 $0.00 $1,778.32 $317,236.73
190 $317,236.73 $942.74 $0.00 $1,793.70 $319,973.17
191 $319,973.17 $942.74 $0.00 $1,809.17 $322,725.08
192 $322,725.08 $942.74 $0.00 $1,824.73 $325,492.55
193 $325,492.55 $942.74 $0.00 $1,840.38 $328,275.67
194 $328,275.67 $942.74 $0.00 $1,856.12 $331,074.53
195 $331,074.53 $942.74 $0.00 $1,871.94 $333,889.21
196 $333,889.21 $942.74 $0.00 $1,887.86 $336,719.81
197 $336,719.81 $942.74 $0.00 $1,903.86 $339,566.41
198 $339,566.41 $942.74 $0.00 $1,919.96 $342,429.11
199 $342,429.11 $942.74 $0.00 $1,936.14 $345,307.99
200 $345,307.99 $942.74 $0.00 $1,952.42 $348,203.15
201 $348,203.15 $942.74 $0.00 $1,968.79 $351,114.68
202 $351,114.68 $942.74 $0.00 $1,985.25 $354,042.67
203 $354,042.67 $942.74 $0.00 $2,001.81 $356,987.22
204 $356,987.22 $942.74 $0.00 $2,018.46 $359,948.42
205 $359,948.42 $942.74 $0.00 $2,035.20 $362,926.36
206 $362,926.36 $942.74 $0.00 $2,052.04 $365,921.14
207 $365,921.14 $942.74 $0.00 $2,068.97 $368,932.85
208 $368,932.85 $942.74 $0.00 $2,086.00 $371,961.59
209 $371,961.59 $942.74 $0.00 $2,103.12 $375,007.45
210 $375,007.45 $942.74 $0.00 $2,120.35 $378,070.54
211 $378,070.54 $942.74 $0.00 $2,137.67 $381,150.95
212 $381,150.95 $942.74 $0.00 $2,155.08 $384,248.77
213 $384,248.77 $942.74 $0.00 $2,172.60 $387,364.11
214 $387,364.11 $942.74 $0.00 $2,190.21 $390,497.06
215 $390,497.06 $942.74 $0.00 $2,207.93 $393,647.73
216 $393,647.73 $942.74 $0.00 $2,225.74 $396,816.21
217 $396,816.21 $942.74 $107,464.95 $2,243.66 $292,537.66
218 $292,537.66 $942.74 $0.00 $1,654.05 $295,134.45
219 $295,134.45 $942.74 $0.00 $1,668.73 $297,745.92
220 $297,745.92 $942.74 $0.00 $1,683.50 $300,372.16
221 $300,372.16 $942.74 $0.00 $1,698.35 $303,013.25
222 $303,013.25 $942.74 $0.00 $1,713.28 $305,669.27
223 $305,669.27 $942.74 $0.00 $1,728.30 $308,340.31
224 $308,340.31 $942.74 $0.00 $1,743.40 $311,026.45
225 $311,026.45 $942.74 $0.00 $1,758.59 $313,727.78
226 $313,727.78 $942.74 $0.00 $1,773.86 $316,444.38
227 $316,444.38 $942.74 $0.00 $1,789.22 $319,176.34
228 $319,176.34 $942.74 $0.00 $1,804.67 $321,923.75
229 $321,923.75 $942.74 $114,987.49 $1,820.20 $209,699.20
230 $209,699.20 $942.74 $0.00 $1,185.67 $211,827.61
231 $211,827.61 $942.74 $0.00 $1,197.70 $213,968.05
232 $213,968.05 $942.74 $0.00 $1,209.81 $216,120.60
233 $216,120.60 $942.74 $0.00 $1,221.98 $218,285.32
234 $218,285.32 $942.74 $0.00 $1,234.22 $220,462.28
235 $220,462.28 $942.74 $0.00 $1,246.53 $222,651.55
236 $222,651.55 $942.74 $0.00 $1,258.90 $224,853.19
237 $224,853.19 $942.74 $0.00 $1,271.35 $227,067.28
238 $227,067.28 $942.74 $0.00 $1,283.87 $229,293.89
239 $229,293.89 $942.74 $0.00 $1,296.46 $231,533.09
240 $231,533.09 $942.74 $0.00 $1,309.12 $233,784.95
241 $233,784.95 $942.74 $123,036.62 $1,321.85 $113,012.92
242 $113,012.92 $942.74 $0.00 $638.99 $114,594.65
243 $114,594.65 $942.74 $0.00 $647.93 $116,185.32
244 $116,185.32 $942.74 $0.00 $656.93 $117,784.99
245 $117,784.99 $942.74 $0.00 $665.97 $119,393.70
246 $119,393.70 $942.74 $0.00 $675.07 $121,011.51
247 $121,011.51 $942.74 $0.00 $684.22 $122,638.47
248 $122,638.47 $942.74 $0.00 $693.42 $124,274.63
249 $124,274.63 $942.74 $0.00 $702.67 $125,920.04
250 $125,920.04 $942.74 $0.00 $711.97 $127,574.75
251 $127,574.75 $942.74 $0.00 $721.33 $129,238.82
252 $129,238.82 $942.74 $0.00 $730.74 $130,912.30
253 $130,912.30 $0.00 $131,649.18 $740.20 $3.32