| Estimated Annual Cost in 2042 | $87,204 |
| Monthly savings required | $387 |
How much will it cost to send your child to Minneapolis Community and Technical College in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $174,407.75 for students enrolling in 2042 if tuition increases average 7% per year until then. Assuming you have no current college savings, monthly deposits of $387.44 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 | $24,928.00 |
| Years until enrollment | 18 |
| Annual Tuition Increase | 7% |
| Current Savings | $0.00 |
| After Tax Return on Savings | 7% |
| Years of enrollment | 2 |
Discover how much will you need to start saving now to afford Minneapolis Community and Technical College in the future.
| Month | Begin | Deposit | Withdraw | Interest | End |
|---|---|---|---|---|---|
| 1 | $0.00 | $387.44 | $0.00 | $0.00 | $387.44 |
| 2 | $387.44 | $387.44 | $0.00 | $2.19 | $777.07 |
| 3 | $777.07 | $387.44 | $0.00 | $4.39 | $1,168.90 |
| 4 | $1,168.90 | $387.44 | $0.00 | $6.61 | $1,562.95 |
| 5 | $1,562.95 | $387.44 | $0.00 | $8.84 | $1,959.23 |
| 6 | $1,959.23 | $387.44 | $0.00 | $11.08 | $2,357.75 |
| 7 | $2,357.75 | $387.44 | $0.00 | $13.33 | $2,758.52 |
| 8 | $2,758.52 | $387.44 | $0.00 | $15.60 | $3,161.56 |
| 9 | $3,161.56 | $387.44 | $0.00 | $17.88 | $3,566.88 |
| 10 | $3,566.88 | $387.44 | $0.00 | $20.17 | $3,974.49 |
| 11 | $3,974.49 | $387.44 | $0.00 | $22.47 | $4,384.40 |
| 12 | $4,384.40 | $387.44 | $0.00 | $24.79 | $4,796.63 |
| 13 | $4,796.63 | $387.44 | $0.00 | $27.12 | $5,211.19 |
| 14 | $5,211.19 | $387.44 | $0.00 | $29.46 | $5,628.09 |
| 15 | $5,628.09 | $387.44 | $0.00 | $31.82 | $6,047.35 |
| 16 | $6,047.35 | $387.44 | $0.00 | $34.19 | $6,468.98 |
| 17 | $6,468.98 | $387.44 | $0.00 | $36.58 | $6,893.00 |
| 18 | $6,893.00 | $387.44 | $0.00 | $38.97 | $7,319.41 |
| 19 | $7,319.41 | $387.44 | $0.00 | $41.39 | $7,748.24 |
| 20 | $7,748.24 | $387.44 | $0.00 | $43.81 | $8,179.49 |
| 21 | $8,179.49 | $387.44 | $0.00 | $46.25 | $8,613.18 |
| 22 | $8,613.18 | $387.44 | $0.00 | $48.70 | $9,049.32 |
| 23 | $9,049.32 | $387.44 | $0.00 | $51.17 | $9,487.93 |
| 24 | $9,487.93 | $387.44 | $0.00 | $53.65 | $9,929.02 |
| 25 | $9,929.02 | $387.44 | $0.00 | $56.14 | $10,372.60 |
| 26 | $10,372.60 | $387.44 | $0.00 | $58.65 | $10,818.69 |
| 27 | $10,818.69 | $387.44 | $0.00 | $61.17 | $11,267.30 |
| 28 | $11,267.30 | $387.44 | $0.00 | $63.71 | $11,718.45 |
| 29 | $11,718.45 | $387.44 | $0.00 | $66.26 | $12,172.15 |
| 30 | $12,172.15 | $387.44 | $0.00 | $68.82 | $12,628.41 |
| 31 | $12,628.41 | $387.44 | $0.00 | $71.40 | $13,087.25 |
| 32 | $13,087.25 | $387.44 | $0.00 | $74.00 | $13,548.69 |
| 33 | $13,548.69 | $387.44 | $0.00 | $76.61 | $14,012.74 |
| 34 | $14,012.74 | $387.44 | $0.00 | $79.23 | $14,479.41 |
| 35 | $14,479.41 | $387.44 | $0.00 | $81.87 | $14,948.72 |
| 36 | $14,948.72 | $387.44 | $0.00 | $84.52 | $15,420.68 |
| 37 | $15,420.68 | $387.44 | $0.00 | $87.19 | $15,895.31 |
| 38 | $15,895.31 | $387.44 | $0.00 | $89.87 | $16,372.62 |
| 39 | $16,372.62 | $387.44 | $0.00 | $92.57 | $16,852.63 |
| 40 | $16,852.63 | $387.44 | $0.00 | $95.29 | $17,335.36 |
| 41 | $17,335.36 | $387.44 | $0.00 | $98.02 | $17,820.82 |
| 42 | $17,820.82 | $387.44 | $0.00 | $100.76 | $18,309.02 |
| 43 | $18,309.02 | $387.44 | $0.00 | $103.52 | $18,799.98 |
| 44 | $18,799.98 | $387.44 | $0.00 | $106.30 | $19,293.72 |
| 45 | $19,293.72 | $387.44 | $0.00 | $109.09 | $19,790.25 |
| 46 | $19,790.25 | $387.44 | $0.00 | $111.90 | $20,289.59 |
| 47 | $20,289.59 | $387.44 | $0.00 | $114.72 | $20,791.75 |
| 48 | $20,791.75 | $387.44 | $0.00 | $117.56 | $21,296.75 |
| 49 | $21,296.75 | $387.44 | $0.00 | $120.41 | $21,804.60 |
| 50 | $21,804.60 | $387.44 | $0.00 | $123.29 | $22,315.33 |
| 51 | $22,315.33 | $387.44 | $0.00 | $126.17 | $22,828.94 |
| 52 | $22,828.94 | $387.44 | $0.00 | $129.08 | $23,345.46 |
| 53 | $23,345.46 | $387.44 | $0.00 | $132.00 | $23,864.90 |
| 54 | $23,864.90 | $387.44 | $0.00 | $134.94 | $24,387.28 |
| 55 | $24,387.28 | $387.44 | $0.00 | $137.89 | $24,912.61 |
| 56 | $24,912.61 | $387.44 | $0.00 | $140.86 | $25,440.91 |
| 57 | $25,440.91 | $387.44 | $0.00 | $143.85 | $25,972.20 |
| 58 | $25,972.20 | $387.44 | $0.00 | $146.85 | $26,506.49 |
| 59 | $26,506.49 | $387.44 | $0.00 | $149.87 | $27,043.80 |
| 60 | $27,043.80 | $387.44 | $0.00 | $152.91 | $27,584.15 |
| 61 | $27,584.15 | $387.44 | $0.00 | $155.96 | $28,127.55 |
| 62 | $28,127.55 | $387.44 | $0.00 | $159.04 | $28,674.03 |
| 63 | $28,674.03 | $387.44 | $0.00 | $162.13 | $29,223.60 |
| 64 | $29,223.60 | $387.44 | $0.00 | $165.23 | $29,776.27 |
| 65 | $29,776.27 | $387.44 | $0.00 | $168.36 | $30,332.07 |
| 66 | $30,332.07 | $387.44 | $0.00 | $171.50 | $30,891.01 |
| 67 | $30,891.01 | $387.44 | $0.00 | $174.66 | $31,453.11 |
| 68 | $31,453.11 | $387.44 | $0.00 | $177.84 | $32,018.39 |
| 69 | $32,018.39 | $387.44 | $0.00 | $181.04 | $32,586.87 |
| 70 | $32,586.87 | $387.44 | $0.00 | $184.25 | $33,158.56 |
| 71 | $33,158.56 | $387.44 | $0.00 | $187.48 | $33,733.48 |
| 72 | $33,733.48 | $387.44 | $0.00 | $190.73 | $34,311.65 |
| 73 | $34,311.65 | $387.44 | $0.00 | $194.00 | $34,893.09 |
| 74 | $34,893.09 | $387.44 | $0.00 | $197.29 | $35,477.82 |
| 75 | $35,477.82 | $387.44 | $0.00 | $200.60 | $36,065.86 |
| 76 | $36,065.86 | $387.44 | $0.00 | $203.92 | $36,657.22 |
| 77 | $36,657.22 | $387.44 | $0.00 | $207.27 | $37,251.93 |
| 78 | $37,251.93 | $387.44 | $0.00 | $210.63 | $37,850.00 |
| 79 | $37,850.00 | $387.44 | $0.00 | $214.01 | $38,451.45 |
| 80 | $38,451.45 | $387.44 | $0.00 | $217.41 | $39,056.30 |
| 81 | $39,056.30 | $387.44 | $0.00 | $220.83 | $39,664.57 |
| 82 | $39,664.57 | $387.44 | $0.00 | $224.27 | $40,276.28 |
| 83 | $40,276.28 | $387.44 | $0.00 | $227.73 | $40,891.45 |
| 84 | $40,891.45 | $387.44 | $0.00 | $231.21 | $41,510.10 |
| 85 | $41,510.10 | $387.44 | $0.00 | $234.70 | $42,132.24 |
| 86 | $42,132.24 | $387.44 | $0.00 | $238.22 | $42,757.90 |
| 87 | $42,757.90 | $387.44 | $0.00 | $241.76 | $43,387.10 |
| 88 | $43,387.10 | $387.44 | $0.00 | $245.32 | $44,019.86 |
| 89 | $44,019.86 | $387.44 | $0.00 | $248.89 | $44,656.19 |
| 90 | $44,656.19 | $387.44 | $0.00 | $252.49 | $45,296.12 |
| 91 | $45,296.12 | $387.44 | $0.00 | $256.11 | $45,939.67 |
| 92 | $45,939.67 | $387.44 | $0.00 | $259.75 | $46,586.86 |
| 93 | $46,586.86 | $387.44 | $0.00 | $263.41 | $47,237.71 |
| 94 | $47,237.71 | $387.44 | $0.00 | $267.09 | $47,892.24 |
| 95 | $47,892.24 | $387.44 | $0.00 | $270.79 | $48,550.47 |
| 96 | $48,550.47 | $387.44 | $0.00 | $274.51 | $49,212.42 |
| 97 | $49,212.42 | $387.44 | $0.00 | $278.25 | $49,878.11 |
| 98 | $49,878.11 | $387.44 | $0.00 | $282.02 | $50,547.57 |
| 99 | $50,547.57 | $387.44 | $0.00 | $285.80 | $51,220.81 |
| 100 | $51,220.81 | $387.44 | $0.00 | $289.61 | $51,897.86 |
| 101 | $51,897.86 | $387.44 | $0.00 | $293.44 | $52,578.74 |
| 102 | $52,578.74 | $387.44 | $0.00 | $297.29 | $53,263.47 |
| 103 | $53,263.47 | $387.44 | $0.00 | $301.16 | $53,952.07 |
| 104 | $53,952.07 | $387.44 | $0.00 | $305.05 | $54,644.56 |
| 105 | $54,644.56 | $387.44 | $0.00 | $308.97 | $55,340.97 |
| 106 | $55,340.97 | $387.44 | $0.00 | $312.91 | $56,041.32 |
| 107 | $56,041.32 | $387.44 | $0.00 | $316.87 | $56,745.63 |
| 108 | $56,745.63 | $387.44 | $0.00 | $320.85 | $57,453.92 |
| 109 | $57,453.92 | $387.44 | $0.00 | $324.85 | $58,166.21 |
| 110 | $58,166.21 | $387.44 | $0.00 | $328.88 | $58,882.53 |
| 111 | $58,882.53 | $387.44 | $0.00 | $332.93 | $59,602.90 |
| 112 | $59,602.90 | $387.44 | $0.00 | $337.00 | $60,327.34 |
| 113 | $60,327.34 | $387.44 | $0.00 | $341.10 | $61,055.88 |
| 114 | $61,055.88 | $387.44 | $0.00 | $345.22 | $61,788.54 |
| 115 | $61,788.54 | $387.44 | $0.00 | $349.36 | $62,525.34 |
| 116 | $62,525.34 | $387.44 | $0.00 | $353.53 | $63,266.31 |
| 117 | $63,266.31 | $387.44 | $0.00 | $357.72 | $64,011.47 |
| 118 | $64,011.47 | $387.44 | $0.00 | $361.93 | $64,760.84 |
| 119 | $64,760.84 | $387.44 | $0.00 | $366.17 | $65,514.45 |
| 120 | $65,514.45 | $387.44 | $0.00 | $370.43 | $66,272.32 |
| 121 | $66,272.32 | $387.44 | $0.00 | $374.71 | $67,034.47 |
| 122 | $67,034.47 | $387.44 | $0.00 | $379.02 | $67,800.93 |
| 123 | $67,800.93 | $387.44 | $0.00 | $383.36 | $68,571.73 |
| 124 | $68,571.73 | $387.44 | $0.00 | $387.71 | $69,346.88 |
| 125 | $69,346.88 | $387.44 | $0.00 | $392.10 | $70,126.42 |
| 126 | $70,126.42 | $387.44 | $0.00 | $396.50 | $70,910.36 |
| 127 | $70,910.36 | $387.44 | $0.00 | $400.94 | $71,698.74 |
| 128 | $71,698.74 | $387.44 | $0.00 | $405.40 | $72,491.58 |
| 129 | $72,491.58 | $387.44 | $0.00 | $409.88 | $73,288.90 |
| 130 | $73,288.90 | $387.44 | $0.00 | $414.39 | $74,090.73 |
| 131 | $74,090.73 | $387.44 | $0.00 | $418.92 | $74,897.09 |
| 132 | $74,897.09 | $387.44 | $0.00 | $423.48 | $75,708.01 |
| 133 | $75,708.01 | $387.44 | $0.00 | $428.06 | $76,523.51 |
| 134 | $76,523.51 | $387.44 | $0.00 | $432.68 | $77,343.63 |
| 135 | $77,343.63 | $387.44 | $0.00 | $437.31 | $78,168.38 |
| 136 | $78,168.38 | $387.44 | $0.00 | $441.98 | $78,997.80 |
| 137 | $78,997.80 | $387.44 | $0.00 | $446.67 | $79,831.91 |
| 138 | $79,831.91 | $387.44 | $0.00 | $451.38 | $80,670.73 |
| 139 | $80,670.73 | $387.44 | $0.00 | $456.12 | $81,514.29 |
| 140 | $81,514.29 | $387.44 | $0.00 | $460.89 | $82,362.62 |
| 141 | $82,362.62 | $387.44 | $0.00 | $465.69 | $83,215.75 |
| 142 | $83,215.75 | $387.44 | $0.00 | $470.51 | $84,073.70 |
| 143 | $84,073.70 | $387.44 | $0.00 | $475.36 | $84,936.50 |
| 144 | $84,936.50 | $387.44 | $0.00 | $480.24 | $85,804.18 |
| 145 | $85,804.18 | $387.44 | $0.00 | $485.15 | $86,676.77 |
| 146 | $86,676.77 | $387.44 | $0.00 | $490.08 | $87,554.29 |
| 147 | $87,554.29 | $387.44 | $0.00 | $495.04 | $88,436.77 |
| 148 | $88,436.77 | $387.44 | $0.00 | $500.03 | $89,324.24 |
| 149 | $89,324.24 | $387.44 | $0.00 | $505.05 | $90,216.73 |
| 150 | $90,216.73 | $387.44 | $0.00 | $510.10 | $91,114.27 |
| 151 | $91,114.27 | $387.44 | $0.00 | $515.17 | $92,016.88 |
| 152 | $92,016.88 | $387.44 | $0.00 | $520.28 | $92,924.60 |
| 153 | $92,924.60 | $387.44 | $0.00 | $525.41 | $93,837.45 |
| 154 | $93,837.45 | $387.44 | $0.00 | $530.57 | $94,755.46 |
| 155 | $94,755.46 | $387.44 | $0.00 | $535.76 | $95,678.66 |
| 156 | $95,678.66 | $387.44 | $0.00 | $540.98 | $96,607.08 |
| 157 | $96,607.08 | $387.44 | $0.00 | $546.23 | $97,540.75 |
| 158 | $97,540.75 | $387.44 | $0.00 | $551.51 | $98,479.70 |
| 159 | $98,479.70 | $387.44 | $0.00 | $556.82 | $99,423.96 |
| 160 | $99,423.96 | $387.44 | $0.00 | $562.16 | $100,373.56 |
| 161 | $100,373.56 | $387.44 | $0.00 | $567.53 | $101,328.53 |
| 162 | $101,328.53 | $387.44 | $0.00 | $572.93 | $102,288.90 |
| 163 | $102,288.90 | $387.44 | $0.00 | $578.36 | $103,254.70 |
| 164 | $103,254.70 | $387.44 | $0.00 | $583.82 | $104,225.96 |
| 165 | $104,225.96 | $387.44 | $0.00 | $589.31 | $105,202.71 |
| 166 | $105,202.71 | $387.44 | $0.00 | $594.83 | $106,184.98 |
| 167 | $106,184.98 | $387.44 | $0.00 | $600.39 | $107,172.81 |
| 168 | $107,172.81 | $387.44 | $0.00 | $605.97 | $108,166.22 |
| 169 | $108,166.22 | $387.44 | $0.00 | $611.59 | $109,165.25 |
| 170 | $109,165.25 | $387.44 | $0.00 | $617.24 | $110,169.93 |
| 171 | $110,169.93 | $387.44 | $0.00 | $622.92 | $111,180.29 |
| 172 | $111,180.29 | $387.44 | $0.00 | $628.63 | $112,196.36 |
| 173 | $112,196.36 | $387.44 | $0.00 | $634.37 | $113,218.17 |
| 174 | $113,218.17 | $387.44 | $0.00 | $640.15 | $114,245.76 |
| 175 | $114,245.76 | $387.44 | $0.00 | $645.96 | $115,279.16 |
| 176 | $115,279.16 | $387.44 | $0.00 | $651.81 | $116,318.41 |
| 177 | $116,318.41 | $387.44 | $0.00 | $657.68 | $117,363.53 |
| 178 | $117,363.53 | $387.44 | $0.00 | $663.59 | $118,414.56 |
| 179 | $118,414.56 | $387.44 | $0.00 | $669.53 | $119,471.53 |
| 180 | $119,471.53 | $387.44 | $0.00 | $675.51 | $120,534.48 |
| 181 | $120,534.48 | $387.44 | $0.00 | $681.52 | $121,603.44 |
| 182 | $121,603.44 | $387.44 | $0.00 | $687.56 | $122,678.44 |
| 183 | $122,678.44 | $387.44 | $0.00 | $693.64 | $123,759.52 |
| 184 | $123,759.52 | $387.44 | $0.00 | $699.75 | $124,846.71 |
| 185 | $124,846.71 | $387.44 | $0.00 | $705.90 | $125,940.05 |
| 186 | $125,940.05 | $387.44 | $0.00 | $712.08 | $127,039.57 |
| 187 | $127,039.57 | $387.44 | $0.00 | $718.30 | $128,145.31 |
| 188 | $128,145.31 | $387.44 | $0.00 | $724.55 | $129,257.30 |
| 189 | $129,257.30 | $387.44 | $0.00 | $730.84 | $130,375.58 |
| 190 | $130,375.58 | $387.44 | $0.00 | $737.16 | $131,500.18 |
| 191 | $131,500.18 | $387.44 | $0.00 | $743.52 | $132,631.14 |
| 192 | $132,631.14 | $387.44 | $0.00 | $749.92 | $133,768.50 |
| 193 | $133,768.50 | $387.44 | $0.00 | $756.35 | $134,912.29 |
| 194 | $134,912.29 | $387.44 | $0.00 | $762.81 | $136,062.54 |
| 195 | $136,062.54 | $387.44 | $0.00 | $769.32 | $137,219.30 |
| 196 | $137,219.30 | $387.44 | $0.00 | $775.86 | $138,382.60 |
| 197 | $138,382.60 | $387.44 | $0.00 | $782.44 | $139,552.48 |
| 198 | $139,552.48 | $387.44 | $0.00 | $789.05 | $140,728.97 |
| 199 | $140,728.97 | $387.44 | $0.00 | $795.70 | $141,912.11 |
| 200 | $141,912.11 | $387.44 | $0.00 | $802.39 | $143,101.94 |
| 201 | $143,101.94 | $387.44 | $0.00 | $809.12 | $144,298.50 |
| 202 | $144,298.50 | $387.44 | $0.00 | $815.88 | $145,501.82 |
| 203 | $145,501.82 | $387.44 | $0.00 | $822.69 | $146,711.95 |
| 204 | $146,711.95 | $387.44 | $0.00 | $829.53 | $147,928.92 |
| 205 | $147,928.92 | $387.44 | $0.00 | $836.41 | $149,152.77 |
| 206 | $149,152.77 | $387.44 | $0.00 | $843.33 | $150,383.54 |
| 207 | $150,383.54 | $387.44 | $0.00 | $850.29 | $151,621.27 |
| 208 | $151,621.27 | $387.44 | $0.00 | $857.29 | $152,866.00 |
| 209 | $152,866.00 | $387.44 | $0.00 | $864.33 | $154,117.77 |
| 210 | $154,117.77 | $387.44 | $0.00 | $871.40 | $155,376.61 |
| 211 | $155,376.61 | $387.44 | $0.00 | $878.52 | $156,642.57 |
| 212 | $156,642.57 | $387.44 | $0.00 | $885.68 | $157,915.69 |
| 213 | $157,915.69 | $387.44 | $0.00 | $892.88 | $159,196.01 |
| 214 | $159,196.01 | $387.44 | $0.00 | $900.12 | $160,483.57 |
| 215 | $160,483.57 | $387.44 | $0.00 | $907.40 | $161,778.41 |
| 216 | $161,778.41 | $387.44 | $0.00 | $914.72 | $163,080.57 |
| 217 | $163,080.57 | $387.44 | $84,254.95 | $922.08 | $80,135.14 |
| 218 | $80,135.14 | $387.44 | $0.00 | $453.10 | $80,975.68 |
| 219 | $80,975.68 | $387.44 | $0.00 | $457.85 | $81,820.97 |
| 220 | $81,820.97 | $387.44 | $0.00 | $462.63 | $82,671.04 |
| 221 | $82,671.04 | $387.44 | $0.00 | $467.43 | $83,525.91 |
| 222 | $83,525.91 | $387.44 | $0.00 | $472.27 | $84,385.62 |
| 223 | $84,385.62 | $387.44 | $0.00 | $477.13 | $85,250.19 |
| 224 | $85,250.19 | $387.44 | $0.00 | $482.02 | $86,119.65 |
| 225 | $86,119.65 | $387.44 | $0.00 | $486.93 | $86,994.02 |
| 226 | $86,994.02 | $387.44 | $0.00 | $491.88 | $87,873.34 |
| 227 | $87,873.34 | $387.44 | $0.00 | $496.85 | $88,757.63 |
| 228 | $88,757.63 | $387.44 | $0.00 | $501.85 | $89,646.92 |
| 229 | $89,646.92 | $0.00 | $90,152.80 | $506.88 | $1.00 |