Savings Plan and Future Cost Estimation for University of Maryland Eastern Shore

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$99,622
Monthly savings required$787

How much will it cost to send your child to University of Maryland Eastern Shore in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $398,488.09 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $787.33 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$26,554.00
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 $787.33 $0.00 $0.00 $787.33
2 $787.33 $787.33 $0.00 $4.45 $1,579.11
3 $1,579.11 $787.33 $0.00 $8.93 $2,375.37
4 $2,375.37 $787.33 $0.00 $13.43 $3,176.13
5 $3,176.13 $787.33 $0.00 $17.96 $3,981.42
6 $3,981.42 $787.33 $0.00 $22.51 $4,791.26
7 $4,791.26 $787.33 $0.00 $27.09 $5,605.68
8 $5,605.68 $787.33 $0.00 $31.70 $6,424.71
9 $6,424.71 $787.33 $0.00 $36.33 $7,248.37
10 $7,248.37 $787.33 $0.00 $40.98 $8,076.68
11 $8,076.68 $787.33 $0.00 $45.67 $8,909.68
12 $8,909.68 $787.33 $0.00 $50.38 $9,747.39
13 $9,747.39 $787.33 $0.00 $55.11 $10,589.83
14 $10,589.83 $787.33 $0.00 $59.88 $11,437.04
15 $11,437.04 $787.33 $0.00 $64.67 $12,289.04
16 $12,289.04 $787.33 $0.00 $69.48 $13,145.85
17 $13,145.85 $787.33 $0.00 $74.33 $14,007.51
18 $14,007.51 $787.33 $0.00 $79.20 $14,874.04
19 $14,874.04 $787.33 $0.00 $84.10 $15,745.47
20 $15,745.47 $787.33 $0.00 $89.03 $16,621.83
21 $16,621.83 $787.33 $0.00 $93.98 $17,503.14
22 $17,503.14 $787.33 $0.00 $98.97 $18,389.44
23 $18,389.44 $787.33 $0.00 $103.98 $19,280.75
24 $19,280.75 $787.33 $0.00 $109.02 $20,177.10
25 $20,177.10 $787.33 $0.00 $114.08 $21,078.51
26 $21,078.51 $787.33 $0.00 $119.18 $21,985.02
27 $21,985.02 $787.33 $0.00 $124.31 $22,896.66
28 $22,896.66 $787.33 $0.00 $129.46 $23,813.45
29 $23,813.45 $787.33 $0.00 $134.64 $24,735.42
30 $24,735.42 $787.33 $0.00 $139.86 $25,662.61
31 $25,662.61 $787.33 $0.00 $145.10 $26,595.04
32 $26,595.04 $787.33 $0.00 $150.37 $27,532.74
33 $27,532.74 $787.33 $0.00 $155.67 $28,475.74
34 $28,475.74 $787.33 $0.00 $161.01 $29,424.08
35 $29,424.08 $787.33 $0.00 $166.37 $30,377.78
36 $30,377.78 $787.33 $0.00 $171.76 $31,336.87
37 $31,336.87 $787.33 $0.00 $177.18 $32,301.38
38 $32,301.38 $787.33 $0.00 $182.64 $33,271.35
39 $33,271.35 $787.33 $0.00 $188.12 $34,246.80
40 $34,246.80 $787.33 $0.00 $193.64 $35,227.77
41 $35,227.77 $787.33 $0.00 $199.18 $36,214.28
42 $36,214.28 $787.33 $0.00 $204.76 $37,206.37
43 $37,206.37 $787.33 $0.00 $210.37 $38,204.07
44 $38,204.07 $787.33 $0.00 $216.01 $39,207.41
45 $39,207.41 $787.33 $0.00 $221.68 $40,216.42
46 $40,216.42 $787.33 $0.00 $227.39 $41,231.14
47 $41,231.14 $787.33 $0.00 $233.13 $42,251.60
48 $42,251.60 $787.33 $0.00 $238.90 $43,277.83
49 $43,277.83 $787.33 $0.00 $244.70 $44,309.86
50 $44,309.86 $787.33 $0.00 $250.53 $45,347.72
51 $45,347.72 $787.33 $0.00 $256.40 $46,391.45
52 $46,391.45 $787.33 $0.00 $262.30 $47,441.08
53 $47,441.08 $787.33 $0.00 $268.24 $48,496.65
54 $48,496.65 $787.33 $0.00 $274.21 $49,558.19
55 $49,558.19 $787.33 $0.00 $280.21 $50,625.73
56 $50,625.73 $787.33 $0.00 $286.25 $51,699.31
57 $51,699.31 $787.33 $0.00 $292.32 $52,778.96
58 $52,778.96 $787.33 $0.00 $298.42 $53,864.71
59 $53,864.71 $787.33 $0.00 $304.56 $54,956.60
60 $54,956.60 $787.33 $0.00 $310.73 $56,054.66
61 $56,054.66 $787.33 $0.00 $316.94 $57,158.93
62 $57,158.93 $787.33 $0.00 $323.18 $58,269.44
63 $58,269.44 $787.33 $0.00 $329.46 $59,386.23
64 $59,386.23 $787.33 $0.00 $335.78 $60,509.34
65 $60,509.34 $787.33 $0.00 $342.13 $61,638.80
66 $61,638.80 $787.33 $0.00 $348.51 $62,774.64
67 $62,774.64 $787.33 $0.00 $354.94 $63,916.91
68 $63,916.91 $787.33 $0.00 $361.40 $65,065.64
69 $65,065.64 $787.33 $0.00 $367.89 $66,220.86
70 $66,220.86 $787.33 $0.00 $374.42 $67,382.61
71 $67,382.61 $787.33 $0.00 $380.99 $68,550.93
72 $68,550.93 $787.33 $0.00 $387.60 $69,725.86
73 $69,725.86 $787.33 $0.00 $394.24 $70,907.43
74 $70,907.43 $787.33 $0.00 $400.92 $72,095.68
75 $72,095.68 $787.33 $0.00 $407.64 $73,290.65
76 $73,290.65 $787.33 $0.00 $414.40 $74,492.38
77 $74,492.38 $787.33 $0.00 $421.19 $75,700.90
78 $75,700.90 $787.33 $0.00 $428.02 $76,916.25
79 $76,916.25 $787.33 $0.00 $434.90 $78,138.48
80 $78,138.48 $787.33 $0.00 $441.81 $79,367.62
81 $79,367.62 $787.33 $0.00 $448.76 $80,603.71
82 $80,603.71 $787.33 $0.00 $455.75 $81,846.79
83 $81,846.79 $787.33 $0.00 $462.77 $83,096.89
84 $83,096.89 $787.33 $0.00 $469.84 $84,354.06
85 $84,354.06 $787.33 $0.00 $476.95 $85,618.34
86 $85,618.34 $787.33 $0.00 $484.10 $86,889.77
87 $86,889.77 $787.33 $0.00 $491.29 $88,168.39
88 $88,168.39 $787.33 $0.00 $498.52 $89,454.24
89 $89,454.24 $787.33 $0.00 $505.79 $90,747.36
90 $90,747.36 $787.33 $0.00 $513.10 $92,047.79
91 $92,047.79 $787.33 $0.00 $520.45 $93,355.57
92 $93,355.57 $787.33 $0.00 $527.85 $94,670.75
93 $94,670.75 $787.33 $0.00 $535.28 $95,993.36
94 $95,993.36 $787.33 $0.00 $542.76 $97,323.45
95 $97,323.45 $787.33 $0.00 $550.28 $98,661.06
96 $98,661.06 $787.33 $0.00 $557.84 $100,006.23
97 $100,006.23 $787.33 $0.00 $565.45 $101,359.01
98 $101,359.01 $787.33 $0.00 $573.10 $102,719.44
99 $102,719.44 $787.33 $0.00 $580.79 $104,087.56
100 $104,087.56 $787.33 $0.00 $588.53 $105,463.42
101 $105,463.42 $787.33 $0.00 $596.31 $106,847.06
102 $106,847.06 $787.33 $0.00 $604.13 $108,238.52
103 $108,238.52 $787.33 $0.00 $612.00 $109,637.85
104 $109,637.85 $787.33 $0.00 $619.91 $111,045.09
105 $111,045.09 $787.33 $0.00 $627.87 $112,460.29
106 $112,460.29 $787.33 $0.00 $635.87 $113,883.49
107 $113,883.49 $787.33 $0.00 $643.91 $115,314.73
108 $115,314.73 $787.33 $0.00 $652.01 $116,754.07
109 $116,754.07 $787.33 $0.00 $660.14 $118,201.54
110 $118,201.54 $787.33 $0.00 $668.33 $119,657.20
111 $119,657.20 $787.33 $0.00 $676.56 $121,121.09
112 $121,121.09 $787.33 $0.00 $684.84 $122,593.26
113 $122,593.26 $787.33 $0.00 $693.16 $124,073.75
114 $124,073.75 $787.33 $0.00 $701.53 $125,562.61
115 $125,562.61 $787.33 $0.00 $709.95 $127,059.89
116 $127,059.89 $787.33 $0.00 $718.42 $128,565.64
117 $128,565.64 $787.33 $0.00 $726.93 $130,079.90
118 $130,079.90 $787.33 $0.00 $735.49 $131,602.72
119 $131,602.72 $787.33 $0.00 $744.10 $133,134.15
120 $133,134.15 $787.33 $0.00 $752.76 $134,674.24
121 $134,674.24 $787.33 $0.00 $761.47 $136,223.04
122 $136,223.04 $787.33 $0.00 $770.22 $137,780.59
123 $137,780.59 $787.33 $0.00 $779.03 $139,346.95
124 $139,346.95 $787.33 $0.00 $787.89 $140,922.17
125 $140,922.17 $787.33 $0.00 $796.79 $142,506.29
126 $142,506.29 $787.33 $0.00 $805.75 $144,099.37
127 $144,099.37 $787.33 $0.00 $814.76 $145,701.46
128 $145,701.46 $787.33 $0.00 $823.82 $147,312.61
129 $147,312.61 $787.33 $0.00 $832.93 $148,932.87
130 $148,932.87 $787.33 $0.00 $842.09 $150,562.29
131 $150,562.29 $787.33 $0.00 $851.30 $152,200.92
132 $152,200.92 $787.33 $0.00 $860.57 $153,848.82
133 $153,848.82 $787.33 $0.00 $869.88 $155,506.03
134 $155,506.03 $787.33 $0.00 $879.25 $157,172.61
135 $157,172.61 $787.33 $0.00 $888.68 $158,848.62
136 $158,848.62 $787.33 $0.00 $898.15 $160,534.10
137 $160,534.10 $787.33 $0.00 $907.68 $162,229.11
138 $162,229.11 $787.33 $0.00 $917.27 $163,933.71
139 $163,933.71 $787.33 $0.00 $926.91 $165,647.95
140 $165,647.95 $787.33 $0.00 $936.60 $167,371.88
141 $167,371.88 $787.33 $0.00 $946.34 $169,105.55
142 $169,105.55 $787.33 $0.00 $956.15 $170,849.03
143 $170,849.03 $787.33 $0.00 $966.01 $172,602.37
144 $172,602.37 $787.33 $0.00 $975.92 $174,365.62
145 $174,365.62 $787.33 $0.00 $985.89 $176,138.84
146 $176,138.84 $787.33 $0.00 $995.91 $177,922.08
147 $177,922.08 $787.33 $0.00 $1,006.00 $179,715.41
148 $179,715.41 $787.33 $0.00 $1,016.14 $181,518.88
149 $181,518.88 $787.33 $0.00 $1,026.33 $183,332.54
150 $183,332.54 $787.33 $0.00 $1,036.59 $185,156.46
151 $185,156.46 $787.33 $0.00 $1,046.90 $186,990.69
152 $186,990.69 $787.33 $0.00 $1,057.27 $188,835.29
153 $188,835.29 $787.33 $0.00 $1,067.70 $190,690.32
154 $190,690.32 $787.33 $0.00 $1,078.19 $192,555.84
155 $192,555.84 $787.33 $0.00 $1,088.74 $194,431.91
156 $194,431.91 $787.33 $0.00 $1,099.35 $196,318.59
157 $196,318.59 $787.33 $0.00 $1,110.01 $198,215.93
158 $198,215.93 $787.33 $0.00 $1,120.74 $200,124.00
159 $200,124.00 $787.33 $0.00 $1,131.53 $202,042.86
160 $202,042.86 $787.33 $0.00 $1,142.38 $203,972.57
161 $203,972.57 $787.33 $0.00 $1,153.29 $205,913.19
162 $205,913.19 $787.33 $0.00 $1,164.26 $207,864.78
163 $207,864.78 $787.33 $0.00 $1,175.30 $209,827.41
164 $209,827.41 $787.33 $0.00 $1,186.39 $211,801.13
165 $211,801.13 $787.33 $0.00 $1,197.55 $213,786.01
166 $213,786.01 $787.33 $0.00 $1,208.78 $215,782.12
167 $215,782.12 $787.33 $0.00 $1,220.06 $217,789.51
168 $217,789.51 $787.33 $0.00 $1,231.41 $219,808.25
169 $219,808.25 $787.33 $0.00 $1,242.83 $221,838.41
170 $221,838.41 $787.33 $0.00 $1,254.31 $223,880.05
171 $223,880.05 $787.33 $0.00 $1,265.85 $225,933.23
172 $225,933.23 $787.33 $0.00 $1,277.46 $227,998.02
173 $227,998.02 $787.33 $0.00 $1,289.13 $230,074.48
174 $230,074.48 $787.33 $0.00 $1,300.87 $232,162.68
175 $232,162.68 $787.33 $0.00 $1,312.68 $234,262.69
176 $234,262.69 $787.33 $0.00 $1,324.56 $236,374.58
177 $236,374.58 $787.33 $0.00 $1,336.50 $238,498.41
178 $238,498.41 $787.33 $0.00 $1,348.50 $240,634.24
179 $240,634.24 $787.33 $0.00 $1,360.58 $242,782.15
180 $242,782.15 $787.33 $0.00 $1,372.73 $244,942.21
181 $244,942.21 $787.33 $0.00 $1,384.94 $247,114.48
182 $247,114.48 $787.33 $0.00 $1,397.22 $249,299.03
183 $249,299.03 $787.33 $0.00 $1,409.57 $251,495.93
184 $251,495.93 $787.33 $0.00 $1,421.99 $253,705.25
185 $253,705.25 $787.33 $0.00 $1,434.49 $255,927.07
186 $255,927.07 $787.33 $0.00 $1,447.05 $258,161.45
187 $258,161.45 $787.33 $0.00 $1,459.68 $260,408.46
188 $260,408.46 $787.33 $0.00 $1,472.39 $262,668.18
189 $262,668.18 $787.33 $0.00 $1,485.16 $264,940.67
190 $264,940.67 $787.33 $0.00 $1,498.01 $267,226.01
191 $267,226.01 $787.33 $0.00 $1,510.93 $269,524.27
192 $269,524.27 $787.33 $0.00 $1,523.93 $271,835.53
193 $271,835.53 $787.33 $0.00 $1,537.00 $274,159.86
194 $274,159.86 $787.33 $0.00 $1,550.14 $276,497.33
195 $276,497.33 $787.33 $0.00 $1,563.36 $278,848.02
196 $278,848.02 $787.33 $0.00 $1,576.65 $281,212.00
197 $281,212.00 $787.33 $0.00 $1,590.01 $283,589.34
198 $283,589.34 $787.33 $0.00 $1,603.46 $285,980.13
199 $285,980.13 $787.33 $0.00 $1,616.97 $288,384.43
200 $288,384.43 $787.33 $0.00 $1,630.57 $290,802.33
201 $290,802.33 $787.33 $0.00 $1,644.24 $293,233.90
202 $293,233.90 $787.33 $0.00 $1,657.99 $295,679.22
203 $295,679.22 $787.33 $0.00 $1,671.81 $298,138.36
204 $298,138.36 $787.33 $0.00 $1,685.72 $300,611.41
205 $300,611.41 $787.33 $0.00 $1,699.70 $303,098.44
206 $303,098.44 $787.33 $0.00 $1,713.76 $305,599.53
207 $305,599.53 $787.33 $0.00 $1,727.90 $308,114.76
208 $308,114.76 $787.33 $0.00 $1,742.13 $310,644.22
209 $310,644.22 $787.33 $0.00 $1,756.43 $313,187.98
210 $313,187.98 $787.33 $0.00 $1,770.81 $315,746.12
211 $315,746.12 $787.33 $0.00 $1,785.27 $318,318.72
212 $318,318.72 $787.33 $0.00 $1,799.82 $320,905.87
213 $320,905.87 $787.33 $0.00 $1,814.45 $323,507.65
214 $323,507.65 $787.33 $0.00 $1,829.16 $326,124.14
215 $326,124.14 $787.33 $0.00 $1,843.95 $328,755.42
216 $328,755.42 $787.33 $0.00 $1,858.83 $331,401.58
217 $331,401.58 $787.33 $89,750.72 $1,873.79 $244,311.98
218 $244,311.98 $787.33 $0.00 $1,381.38 $246,480.69
219 $246,480.69 $787.33 $0.00 $1,393.64 $248,661.66
220 $248,661.66 $787.33 $0.00 $1,405.97 $250,854.96
221 $250,854.96 $787.33 $0.00 $1,418.37 $253,060.66
222 $253,060.66 $787.33 $0.00 $1,430.84 $255,278.83
223 $255,278.83 $787.33 $0.00 $1,443.38 $257,509.54
224 $257,509.54 $787.33 $0.00 $1,456.00 $259,752.87
225 $259,752.87 $787.33 $0.00 $1,468.68 $262,008.88
226 $262,008.88 $787.33 $0.00 $1,481.44 $264,277.65
227 $264,277.65 $787.33 $0.00 $1,494.26 $266,559.24
228 $266,559.24 $787.33 $0.00 $1,507.16 $268,853.73
229 $268,853.73 $787.33 $96,033.27 $1,520.14 $175,127.93
230 $175,127.93 $787.33 $0.00 $990.20 $176,905.46
231 $176,905.46 $787.33 $0.00 $1,000.25 $178,693.04
232 $178,693.04 $787.33 $0.00 $1,010.36 $180,490.73
233 $180,490.73 $787.33 $0.00 $1,020.52 $182,298.58
234 $182,298.58 $787.33 $0.00 $1,030.74 $184,116.65
235 $184,116.65 $787.33 $0.00 $1,041.02 $185,945.00
236 $185,945.00 $787.33 $0.00 $1,051.36 $187,783.69
237 $187,783.69 $787.33 $0.00 $1,061.76 $189,632.78
238 $189,632.78 $787.33 $0.00 $1,072.21 $191,492.32
239 $191,492.32 $787.33 $0.00 $1,082.73 $193,362.38
240 $193,362.38 $787.33 $0.00 $1,093.30 $195,243.01
241 $195,243.01 $787.33 $102,755.60 $1,103.93 $94,378.67
242 $94,378.67 $787.33 $0.00 $533.63 $95,699.63
243 $95,699.63 $787.33 $0.00 $541.10 $97,028.06
244 $97,028.06 $787.33 $0.00 $548.61 $98,364.00
245 $98,364.00 $787.33 $0.00 $556.16 $99,707.49
246 $99,707.49 $787.33 $0.00 $563.76 $101,058.58
247 $101,058.58 $787.33 $0.00 $571.40 $102,417.31
248 $102,417.31 $787.33 $0.00 $579.08 $103,783.72
249 $103,783.72 $787.33 $0.00 $586.81 $105,157.86
250 $105,157.86 $787.33 $0.00 $594.58 $106,539.77
251 $106,539.77 $787.33 $0.00 $602.39 $107,929.49
252 $107,929.49 $787.33 $0.00 $610.25 $109,327.07
253 $109,327.07 $0.00 $109,948.49 $618.15 -$3.27