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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$46,040
Monthly savings required$364

How much will it cost to send your child to Minot State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $184,159.22 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $364.44 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.

Assumptions

Current Annual Cost$17,754.00
Years until enrollment18
Annual Tuition Increase5%
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 $364.44 $0.00 $0.00 $364.44
2 $364.44 $364.44 $0.00 $2.06 $730.94
3 $730.94 $364.44 $0.00 $4.13 $1,099.51
4 $1,099.51 $364.44 $0.00 $6.22 $1,470.17
5 $1,470.17 $364.44 $0.00 $8.31 $1,842.92
6 $1,842.92 $364.44 $0.00 $10.42 $2,217.78
7 $2,217.78 $364.44 $0.00 $12.54 $2,594.76
8 $2,594.76 $364.44 $0.00 $14.67 $2,973.87
9 $2,973.87 $364.44 $0.00 $16.81 $3,355.12
10 $3,355.12 $364.44 $0.00 $18.97 $3,738.53
11 $3,738.53 $364.44 $0.00 $21.14 $4,124.11
12 $4,124.11 $364.44 $0.00 $23.32 $4,511.87
13 $4,511.87 $364.44 $0.00 $25.51 $4,901.82
14 $4,901.82 $364.44 $0.00 $27.72 $5,293.98
15 $5,293.98 $364.44 $0.00 $29.93 $5,688.35
16 $5,688.35 $364.44 $0.00 $32.16 $6,084.95
17 $6,084.95 $364.44 $0.00 $34.41 $6,483.80
18 $6,483.80 $364.44 $0.00 $36.66 $6,884.90
19 $6,884.90 $364.44 $0.00 $38.93 $7,288.27
20 $7,288.27 $364.44 $0.00 $41.21 $7,693.92
21 $7,693.92 $364.44 $0.00 $43.50 $8,101.86
22 $8,101.86 $364.44 $0.00 $45.81 $8,512.11
23 $8,512.11 $364.44 $0.00 $48.13 $8,924.68
24 $8,924.68 $364.44 $0.00 $50.46 $9,339.58
25 $9,339.58 $364.44 $0.00 $52.81 $9,756.83
26 $9,756.83 $364.44 $0.00 $55.17 $10,176.44
27 $10,176.44 $364.44 $0.00 $57.54 $10,598.42
28 $10,598.42 $364.44 $0.00 $59.93 $11,022.79
29 $11,022.79 $364.44 $0.00 $62.32 $11,449.55
30 $11,449.55 $364.44 $0.00 $64.74 $11,878.73
31 $11,878.73 $364.44 $0.00 $67.16 $12,310.33
32 $12,310.33 $364.44 $0.00 $69.60 $12,744.37
33 $12,744.37 $364.44 $0.00 $72.06 $13,180.87
34 $13,180.87 $364.44 $0.00 $74.53 $13,619.84
35 $13,619.84 $364.44 $0.00 $77.01 $14,061.29
36 $14,061.29 $364.44 $0.00 $79.50 $14,505.23
37 $14,505.23 $364.44 $0.00 $82.01 $14,951.68
38 $14,951.68 $364.44 $0.00 $84.54 $15,400.66
39 $15,400.66 $364.44 $0.00 $87.08 $15,852.18
40 $15,852.18 $364.44 $0.00 $89.63 $16,306.25
41 $16,306.25 $364.44 $0.00 $92.20 $16,762.89
42 $16,762.89 $364.44 $0.00 $94.78 $17,222.11
43 $17,222.11 $364.44 $0.00 $97.38 $17,683.93
44 $17,683.93 $364.44 $0.00 $99.99 $18,148.36
45 $18,148.36 $364.44 $0.00 $102.61 $18,615.41
46 $18,615.41 $364.44 $0.00 $105.25 $19,085.10
47 $19,085.10 $364.44 $0.00 $107.91 $19,557.45
48 $19,557.45 $364.44 $0.00 $110.58 $20,032.47
49 $20,032.47 $364.44 $0.00 $113.27 $20,510.18
50 $20,510.18 $364.44 $0.00 $115.97 $20,990.59
51 $20,990.59 $364.44 $0.00 $118.68 $21,473.71
52 $21,473.71 $364.44 $0.00 $121.42 $21,959.57
53 $21,959.57 $364.44 $0.00 $124.16 $22,448.17
54 $22,448.17 $364.44 $0.00 $126.93 $22,939.54
55 $22,939.54 $364.44 $0.00 $129.70 $23,433.68
56 $23,433.68 $364.44 $0.00 $132.50 $23,930.62
57 $23,930.62 $364.44 $0.00 $135.31 $24,430.37
58 $24,430.37 $364.44 $0.00 $138.13 $24,932.94
59 $24,932.94 $364.44 $0.00 $140.97 $25,438.35
60 $25,438.35 $364.44 $0.00 $143.83 $25,946.62
61 $25,946.62 $364.44 $0.00 $146.71 $26,457.77
62 $26,457.77 $364.44 $0.00 $149.60 $26,971.81
63 $26,971.81 $364.44 $0.00 $152.50 $27,488.75
64 $27,488.75 $364.44 $0.00 $155.43 $28,008.62
65 $28,008.62 $364.44 $0.00 $158.36 $28,531.42
66 $28,531.42 $364.44 $0.00 $161.32 $29,057.18
67 $29,057.18 $364.44 $0.00 $164.29 $29,585.91
68 $29,585.91 $364.44 $0.00 $167.28 $30,117.63
69 $30,117.63 $364.44 $0.00 $170.29 $30,652.36
70 $30,652.36 $364.44 $0.00 $173.31 $31,190.11
71 $31,190.11 $364.44 $0.00 $176.35 $31,730.90
72 $31,730.90 $364.44 $0.00 $179.41 $32,274.75
73 $32,274.75 $364.44 $0.00 $182.49 $32,821.68
74 $32,821.68 $364.44 $0.00 $185.58 $33,371.70
75 $33,371.70 $364.44 $0.00 $188.69 $33,924.83
76 $33,924.83 $364.44 $0.00 $191.82 $34,481.09
77 $34,481.09 $364.44 $0.00 $194.96 $35,040.49
78 $35,040.49 $364.44 $0.00 $198.12 $35,603.05
79 $35,603.05 $364.44 $0.00 $201.30 $36,168.79
80 $36,168.79 $364.44 $0.00 $204.50 $36,737.73
81 $36,737.73 $364.44 $0.00 $207.72 $37,309.89
82 $37,309.89 $364.44 $0.00 $210.96 $37,885.29
83 $37,885.29 $364.44 $0.00 $214.21 $38,463.94
84 $38,463.94 $364.44 $0.00 $217.48 $39,045.86
85 $39,045.86 $364.44 $0.00 $220.77 $39,631.07
86 $39,631.07 $364.44 $0.00 $224.08 $40,219.59
87 $40,219.59 $364.44 $0.00 $227.41 $40,811.44
88 $40,811.44 $364.44 $0.00 $230.75 $41,406.63
89 $41,406.63 $364.44 $0.00 $234.12 $42,005.19
90 $42,005.19 $364.44 $0.00 $237.50 $42,607.13
91 $42,607.13 $364.44 $0.00 $240.91 $43,212.48
92 $43,212.48 $364.44 $0.00 $244.33 $43,821.25
93 $43,821.25 $364.44 $0.00 $247.77 $44,433.46
94 $44,433.46 $364.44 $0.00 $251.23 $45,049.13
95 $45,049.13 $364.44 $0.00 $254.71 $45,668.28
96 $45,668.28 $364.44 $0.00 $258.22 $46,290.94
97 $46,290.94 $364.44 $0.00 $261.74 $46,917.12
98 $46,917.12 $364.44 $0.00 $265.28 $47,546.84
99 $47,546.84 $364.44 $0.00 $268.84 $48,180.12
100 $48,180.12 $364.44 $0.00 $272.42 $48,816.98
101 $48,816.98 $364.44 $0.00 $276.02 $49,457.44
102 $49,457.44 $364.44 $0.00 $279.64 $50,101.52
103 $50,101.52 $364.44 $0.00 $283.28 $50,749.24
104 $50,749.24 $364.44 $0.00 $286.94 $51,400.62
105 $51,400.62 $364.44 $0.00 $290.63 $52,055.69
106 $52,055.69 $364.44 $0.00 $294.33 $52,714.46
107 $52,714.46 $364.44 $0.00 $298.06 $53,376.96
108 $53,376.96 $364.44 $0.00 $301.80 $54,043.20
109 $54,043.20 $364.44 $0.00 $305.57 $54,713.21
110 $54,713.21 $364.44 $0.00 $309.36 $55,387.01
111 $55,387.01 $364.44 $0.00 $313.17 $56,064.62
112 $56,064.62 $364.44 $0.00 $317.00 $56,746.06
113 $56,746.06 $364.44 $0.00 $320.85 $57,431.35
114 $57,431.35 $364.44 $0.00 $324.73 $58,120.52
115 $58,120.52 $364.44 $0.00 $328.62 $58,813.58
116 $58,813.58 $364.44 $0.00 $332.54 $59,510.56
117 $59,510.56 $364.44 $0.00 $336.48 $60,211.48
118 $60,211.48 $364.44 $0.00 $340.44 $60,916.36
119 $60,916.36 $364.44 $0.00 $344.43 $61,625.23
120 $61,625.23 $364.44 $0.00 $348.44 $62,338.11
121 $62,338.11 $364.44 $0.00 $352.47 $63,055.02
122 $63,055.02 $364.44 $0.00 $356.52 $63,775.98
123 $63,775.98 $364.44 $0.00 $360.60 $64,501.02
124 $64,501.02 $364.44 $0.00 $364.70 $65,230.16
125 $65,230.16 $364.44 $0.00 $368.82 $65,963.42
126 $65,963.42 $364.44 $0.00 $372.97 $66,700.83
127 $66,700.83 $364.44 $0.00 $377.14 $67,442.41
128 $67,442.41 $364.44 $0.00 $381.33 $68,188.18
129 $68,188.18 $364.44 $0.00 $385.55 $68,938.17
130 $68,938.17 $364.44 $0.00 $389.79 $69,692.40
131 $69,692.40 $364.44 $0.00 $394.05 $70,450.89
132 $70,450.89 $364.44 $0.00 $398.34 $71,213.67
133 $71,213.67 $364.44 $0.00 $402.65 $71,980.76
134 $71,980.76 $364.44 $0.00 $406.99 $72,752.19
135 $72,752.19 $364.44 $0.00 $411.35 $73,527.98
136 $73,527.98 $364.44 $0.00 $415.74 $74,308.16
137 $74,308.16 $364.44 $0.00 $420.15 $75,092.75
138 $75,092.75 $364.44 $0.00 $424.59 $75,881.78
139 $75,881.78 $364.44 $0.00 $429.05 $76,675.27
140 $76,675.27 $364.44 $0.00 $433.53 $77,473.24
141 $77,473.24 $364.44 $0.00 $438.04 $78,275.72
142 $78,275.72 $364.44 $0.00 $442.58 $79,082.74
143 $79,082.74 $364.44 $0.00 $447.15 $79,894.33
144 $79,894.33 $364.44 $0.00 $451.73 $80,710.50
145 $80,710.50 $364.44 $0.00 $456.35 $81,531.29
146 $81,531.29 $364.44 $0.00 $460.99 $82,356.72
147 $82,356.72 $364.44 $0.00 $465.66 $83,186.82
148 $83,186.82 $364.44 $0.00 $470.35 $84,021.61
149 $84,021.61 $364.44 $0.00 $475.07 $84,861.12
150 $84,861.12 $364.44 $0.00 $479.82 $85,705.38
151 $85,705.38 $364.44 $0.00 $484.59 $86,554.41
152 $86,554.41 $364.44 $0.00 $489.39 $87,408.24
153 $87,408.24 $364.44 $0.00 $494.22 $88,266.90
154 $88,266.90 $364.44 $0.00 $499.07 $89,130.41
155 $89,130.41 $364.44 $0.00 $503.96 $89,998.81
156 $89,998.81 $364.44 $0.00 $508.87 $90,872.12
157 $90,872.12 $364.44 $0.00 $513.80 $91,750.36
158 $91,750.36 $364.44 $0.00 $518.77 $92,633.57
159 $92,633.57 $364.44 $0.00 $523.76 $93,521.77
160 $93,521.77 $364.44 $0.00 $528.79 $94,415.00
161 $94,415.00 $364.44 $0.00 $533.84 $95,313.28
162 $95,313.28 $364.44 $0.00 $538.92 $96,216.64
163 $96,216.64 $364.44 $0.00 $544.02 $97,125.10
164 $97,125.10 $364.44 $0.00 $549.16 $98,038.70
165 $98,038.70 $364.44 $0.00 $554.33 $98,957.47
166 $98,957.47 $364.44 $0.00 $559.52 $99,881.43
167 $99,881.43 $364.44 $0.00 $564.74 $100,810.61
168 $100,810.61 $364.44 $0.00 $570.00 $101,745.05
169 $101,745.05 $364.44 $0.00 $575.28 $102,684.77
170 $102,684.77 $364.44 $0.00 $580.59 $103,629.80
171 $103,629.80 $364.44 $0.00 $585.94 $104,580.18
172 $104,580.18 $364.44 $0.00 $591.31 $105,535.93
173 $105,535.93 $364.44 $0.00 $596.72 $106,497.09
174 $106,497.09 $364.44 $0.00 $602.15 $107,463.68
175 $107,463.68 $364.44 $0.00 $607.62 $108,435.74
176 $108,435.74 $364.44 $0.00 $613.11 $109,413.29
177 $109,413.29 $364.44 $0.00 $618.64 $110,396.37
178 $110,396.37 $364.44 $0.00 $624.20 $111,385.01
179 $111,385.01 $364.44 $0.00 $629.79 $112,379.24
180 $112,379.24 $364.44 $0.00 $635.41 $113,379.09
181 $113,379.09 $364.44 $0.00 $641.06 $114,384.59
182 $114,384.59 $364.44 $0.00 $646.75 $115,395.78
183 $115,395.78 $364.44 $0.00 $652.46 $116,412.68
184 $116,412.68 $364.44 $0.00 $658.21 $117,435.33
185 $117,435.33 $364.44 $0.00 $664.00 $118,463.77
186 $118,463.77 $364.44 $0.00 $669.81 $119,498.02
187 $119,498.02 $364.44 $0.00 $675.66 $120,538.12
188 $120,538.12 $364.44 $0.00 $681.54 $121,584.10
189 $121,584.10 $364.44 $0.00 $687.45 $122,635.99
190 $122,635.99 $364.44 $0.00 $693.40 $123,693.83
191 $123,693.83 $364.44 $0.00 $699.38 $124,757.65
192 $124,757.65 $364.44 $0.00 $705.40 $125,827.49
193 $125,827.49 $364.44 $0.00 $711.45 $126,903.38
194 $126,903.38 $364.44 $0.00 $717.53 $127,985.35
195 $127,985.35 $364.44 $0.00 $723.65 $129,073.44
196 $129,073.44 $364.44 $0.00 $729.80 $130,167.68
197 $130,167.68 $364.44 $0.00 $735.99 $131,268.11
198 $131,268.11 $364.44 $0.00 $742.21 $132,374.76
199 $132,374.76 $364.44 $0.00 $748.47 $133,487.67
200 $133,487.67 $364.44 $0.00 $754.76 $134,606.87
201 $134,606.87 $364.44 $0.00 $761.09 $135,732.40
202 $135,732.40 $364.44 $0.00 $767.45 $136,864.29
203 $136,864.29 $364.44 $0.00 $773.85 $138,002.58
204 $138,002.58 $364.44 $0.00 $780.29 $139,147.31
205 $139,147.31 $364.44 $0.00 $786.76 $140,298.51
206 $140,298.51 $364.44 $0.00 $793.27 $141,456.22
207 $141,456.22 $364.44 $0.00 $799.81 $142,620.47
208 $142,620.47 $364.44 $0.00 $806.40 $143,791.31
209 $143,791.31 $364.44 $0.00 $813.02 $144,968.77
210 $144,968.77 $364.44 $0.00 $819.67 $146,152.88
211 $146,152.88 $364.44 $0.00 $826.37 $147,343.69
212 $147,343.69 $364.44 $0.00 $833.10 $148,541.23
213 $148,541.23 $364.44 $0.00 $839.87 $149,745.54
214 $149,745.54 $364.44 $0.00 $846.68 $150,956.66
215 $150,956.66 $364.44 $0.00 $853.53 $152,174.63
216 $152,174.63 $364.44 $0.00 $860.42 $153,399.49
217 $153,399.49 $364.44 $42,727.12 $867.34 $111,904.15
218 $111,904.15 $364.44 $0.00 $632.72 $112,901.31
219 $112,901.31 $364.44 $0.00 $638.36 $113,904.11
220 $113,904.11 $364.44 $0.00 $644.03 $114,912.58
221 $114,912.58 $364.44 $0.00 $649.73 $115,926.75
222 $115,926.75 $364.44 $0.00 $655.47 $116,946.66
223 $116,946.66 $364.44 $0.00 $661.23 $117,972.33
224 $117,972.33 $364.44 $0.00 $667.03 $119,003.80
225 $119,003.80 $364.44 $0.00 $672.86 $120,041.10
226 $120,041.10 $364.44 $0.00 $678.73 $121,084.27
227 $121,084.27 $364.44 $0.00 $684.63 $122,133.34
228 $122,133.34 $364.44 $0.00 $690.56 $123,188.34
229 $123,188.34 $364.44 $44,863.47 $696.52 $79,385.83
230 $79,385.83 $364.44 $0.00 $448.86 $80,199.13
231 $80,199.13 $364.44 $0.00 $453.46 $81,017.03
232 $81,017.03 $364.44 $0.00 $458.08 $81,839.55
233 $81,839.55 $364.44 $0.00 $462.73 $82,666.72
234 $82,666.72 $364.44 $0.00 $467.41 $83,498.57
235 $83,498.57 $364.44 $0.00 $472.11 $84,335.12
236 $84,335.12 $364.44 $0.00 $476.84 $85,176.40
237 $85,176.40 $364.44 $0.00 $481.60 $86,022.44
238 $86,022.44 $364.44 $0.00 $486.38 $86,873.26
239 $86,873.26 $364.44 $0.00 $491.19 $87,728.89
240 $87,728.89 $364.44 $0.00 $496.03 $88,589.36
241 $88,589.36 $364.44 $47,106.65 $500.90 $42,348.05
242 $42,348.05 $364.44 $0.00 $239.44 $42,951.93
243 $42,951.93 $364.44 $0.00 $242.86 $43,559.23
244 $43,559.23 $364.44 $0.00 $246.29 $44,169.96
245 $44,169.96 $364.44 $0.00 $249.74 $44,784.14
246 $44,784.14 $364.44 $0.00 $253.22 $45,401.80
247 $45,401.80 $364.44 $0.00 $256.71 $46,022.95
248 $46,022.95 $364.44 $0.00 $260.22 $46,647.61
249 $46,647.61 $364.44 $0.00 $263.75 $47,275.80
250 $47,275.80 $364.44 $0.00 $267.30 $47,907.54
251 $47,907.54 $364.44 $0.00 $270.88 $48,542.86
252 $48,542.86 $364.44 $0.00 $274.47 $49,181.77
253 $49,181.77 $0.00 $49,461.98 $278.08 ($2.13)