Savings Plan and Future Cost Estimation for Minot State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$77,097
Monthly savings required$609

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 $308,387.82 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $609.32 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$20,550.00
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 $609.32 $0.00 $0.00 $609.32
2 $609.32 $609.32 $0.00 $3.45 $1,222.09
3 $1,222.09 $609.32 $0.00 $6.91 $1,838.32
4 $1,838.32 $609.32 $0.00 $10.39 $2,458.03
5 $2,458.03 $609.32 $0.00 $13.90 $3,081.25
6 $3,081.25 $609.32 $0.00 $17.42 $3,707.99
7 $3,707.99 $609.32 $0.00 $20.97 $4,338.28
8 $4,338.28 $609.32 $0.00 $24.53 $4,972.13
9 $4,972.13 $609.32 $0.00 $28.11 $5,609.56
10 $5,609.56 $609.32 $0.00 $31.72 $6,250.60
11 $6,250.60 $609.32 $0.00 $35.34 $6,895.26
12 $6,895.26 $609.32 $0.00 $38.99 $7,543.57
13 $7,543.57 $609.32 $0.00 $42.65 $8,195.54
14 $8,195.54 $609.32 $0.00 $46.34 $8,851.20
15 $8,851.20 $609.32 $0.00 $50.05 $9,510.57
16 $9,510.57 $609.32 $0.00 $53.77 $10,173.66
17 $10,173.66 $609.32 $0.00 $57.52 $10,840.50
18 $10,840.50 $609.32 $0.00 $61.29 $11,511.11
19 $11,511.11 $609.32 $0.00 $65.09 $12,185.52
20 $12,185.52 $609.32 $0.00 $68.90 $12,863.74
21 $12,863.74 $609.32 $0.00 $72.73 $13,545.79
22 $13,545.79 $609.32 $0.00 $76.59 $14,231.70
23 $14,231.70 $609.32 $0.00 $80.47 $14,921.49
24 $14,921.49 $609.32 $0.00 $84.37 $15,615.18
25 $15,615.18 $609.32 $0.00 $88.29 $16,312.79
26 $16,312.79 $609.32 $0.00 $92.23 $17,014.34
27 $17,014.34 $609.32 $0.00 $96.20 $17,719.86
28 $17,719.86 $609.32 $0.00 $100.19 $18,429.37
29 $18,429.37 $609.32 $0.00 $104.20 $19,142.89
30 $19,142.89 $609.32 $0.00 $108.24 $19,860.45
31 $19,860.45 $609.32 $0.00 $112.29 $20,582.06
32 $20,582.06 $609.32 $0.00 $116.37 $21,307.75
33 $21,307.75 $609.32 $0.00 $120.48 $22,037.55
34 $22,037.55 $609.32 $0.00 $124.60 $22,771.47
35 $22,771.47 $609.32 $0.00 $128.75 $23,509.54
36 $23,509.54 $609.32 $0.00 $132.93 $24,251.79
37 $24,251.79 $609.32 $0.00 $137.12 $24,998.23
38 $24,998.23 $609.32 $0.00 $141.34 $25,748.89
39 $25,748.89 $609.32 $0.00 $145.59 $26,503.80
40 $26,503.80 $609.32 $0.00 $149.86 $27,262.98
41 $27,262.98 $609.32 $0.00 $154.15 $28,026.45
42 $28,026.45 $609.32 $0.00 $158.47 $28,794.24
43 $28,794.24 $609.32 $0.00 $162.81 $29,566.37
44 $29,566.37 $609.32 $0.00 $167.17 $30,342.86
45 $30,342.86 $609.32 $0.00 $171.56 $31,123.74
46 $31,123.74 $609.32 $0.00 $175.98 $31,909.04
47 $31,909.04 $609.32 $0.00 $180.42 $32,698.78
48 $32,698.78 $609.32 $0.00 $184.88 $33,492.98
49 $33,492.98 $609.32 $0.00 $189.37 $34,291.67
50 $34,291.67 $609.32 $0.00 $193.89 $35,094.88
51 $35,094.88 $609.32 $0.00 $198.43 $35,902.63
52 $35,902.63 $609.32 $0.00 $203.00 $36,714.95
53 $36,714.95 $609.32 $0.00 $207.59 $37,531.86
54 $37,531.86 $609.32 $0.00 $212.21 $38,353.39
55 $38,353.39 $609.32 $0.00 $216.86 $39,179.57
56 $39,179.57 $609.32 $0.00 $221.53 $40,010.42
57 $40,010.42 $609.32 $0.00 $226.22 $40,845.96
58 $40,845.96 $609.32 $0.00 $230.95 $41,686.23
59 $41,686.23 $609.32 $0.00 $235.70 $42,531.25
60 $42,531.25 $609.32 $0.00 $240.48 $43,381.05
61 $43,381.05 $609.32 $0.00 $245.28 $44,235.65
62 $44,235.65 $609.32 $0.00 $250.11 $45,095.08
63 $45,095.08 $609.32 $0.00 $254.97 $45,959.37
64 $45,959.37 $609.32 $0.00 $259.86 $46,828.55
65 $46,828.55 $609.32 $0.00 $264.78 $47,702.65
66 $47,702.65 $609.32 $0.00 $269.72 $48,581.69
67 $48,581.69 $609.32 $0.00 $274.69 $49,465.70
68 $49,465.70 $609.32 $0.00 $279.69 $50,354.71
69 $50,354.71 $609.32 $0.00 $284.71 $51,248.74
70 $51,248.74 $609.32 $0.00 $289.77 $52,147.83
71 $52,147.83 $609.32 $0.00 $294.85 $53,052.00
72 $53,052.00 $609.32 $0.00 $299.96 $53,961.28
73 $53,961.28 $609.32 $0.00 $305.10 $54,875.70
74 $54,875.70 $609.32 $0.00 $310.28 $55,795.30
75 $55,795.30 $609.32 $0.00 $315.47 $56,720.09
76 $56,720.09 $609.32 $0.00 $320.70 $57,650.11
77 $57,650.11 $609.32 $0.00 $325.96 $58,585.39
78 $58,585.39 $609.32 $0.00 $331.25 $59,525.96
79 $59,525.96 $609.32 $0.00 $336.57 $60,471.85
80 $60,471.85 $609.32 $0.00 $341.92 $61,423.09
81 $61,423.09 $609.32 $0.00 $347.30 $62,379.71
82 $62,379.71 $609.32 $0.00 $352.70 $63,341.73
83 $63,341.73 $609.32 $0.00 $358.14 $64,309.19
84 $64,309.19 $609.32 $0.00 $363.61 $65,282.12
85 $65,282.12 $609.32 $0.00 $369.11 $66,260.55
86 $66,260.55 $609.32 $0.00 $374.65 $67,244.52
87 $67,244.52 $609.32 $0.00 $380.21 $68,234.05
88 $68,234.05 $609.32 $0.00 $385.81 $69,229.18
89 $69,229.18 $609.32 $0.00 $391.43 $70,229.93
90 $70,229.93 $609.32 $0.00 $397.09 $71,236.34
91 $71,236.34 $609.32 $0.00 $402.78 $72,248.44
92 $72,248.44 $609.32 $0.00 $408.50 $73,266.26
93 $73,266.26 $609.32 $0.00 $414.26 $74,289.84
94 $74,289.84 $609.32 $0.00 $420.05 $75,319.21
95 $75,319.21 $609.32 $0.00 $425.87 $76,354.40
96 $76,354.40 $609.32 $0.00 $431.72 $77,395.44
97 $77,395.44 $609.32 $0.00 $437.61 $78,442.37
98 $78,442.37 $609.32 $0.00 $443.52 $79,495.21
99 $79,495.21 $609.32 $0.00 $449.48 $80,554.01
100 $80,554.01 $609.32 $0.00 $455.46 $81,618.79
101 $81,618.79 $609.32 $0.00 $461.48 $82,689.59
102 $82,689.59 $609.32 $0.00 $467.54 $83,766.45
103 $83,766.45 $609.32 $0.00 $473.63 $84,849.40
104 $84,849.40 $609.32 $0.00 $479.75 $85,938.47
105 $85,938.47 $609.32 $0.00 $485.91 $87,033.70
106 $87,033.70 $609.32 $0.00 $492.10 $88,135.12
107 $88,135.12 $609.32 $0.00 $498.33 $89,242.77
108 $89,242.77 $609.32 $0.00 $504.59 $90,356.68
109 $90,356.68 $609.32 $0.00 $510.89 $91,476.89
110 $91,476.89 $609.32 $0.00 $517.22 $92,603.43
111 $92,603.43 $609.32 $0.00 $523.59 $93,736.34
112 $93,736.34 $609.32 $0.00 $530.00 $94,875.66
113 $94,875.66 $609.32 $0.00 $536.44 $96,021.42
114 $96,021.42 $609.32 $0.00 $542.92 $97,173.66
115 $97,173.66 $609.32 $0.00 $549.43 $98,332.41
116 $98,332.41 $609.32 $0.00 $555.99 $99,497.72
117 $99,497.72 $609.32 $0.00 $562.57 $100,669.61
118 $100,669.61 $609.32 $0.00 $569.20 $101,848.13
119 $101,848.13 $609.32 $0.00 $575.86 $103,033.31
120 $103,033.31 $609.32 $0.00 $582.57 $104,225.20
121 $104,225.20 $609.32 $0.00 $589.30 $105,423.82
122 $105,423.82 $609.32 $0.00 $596.08 $106,629.22
123 $106,629.22 $609.32 $0.00 $602.90 $107,841.44
124 $107,841.44 $609.32 $0.00 $609.75 $109,060.51
125 $109,060.51 $609.32 $0.00 $616.64 $110,286.47
126 $110,286.47 $609.32 $0.00 $623.58 $111,519.37
127 $111,519.37 $609.32 $0.00 $630.55 $112,759.24
128 $112,759.24 $609.32 $0.00 $637.56 $114,006.12
129 $114,006.12 $609.32 $0.00 $644.61 $115,260.05
130 $115,260.05 $609.32 $0.00 $651.70 $116,521.07
131 $116,521.07 $609.32 $0.00 $658.83 $117,789.22
132 $117,789.22 $609.32 $0.00 $666.00 $119,064.54
133 $119,064.54 $609.32 $0.00 $673.21 $120,347.07
134 $120,347.07 $609.32 $0.00 $680.46 $121,636.85
135 $121,636.85 $609.32 $0.00 $687.75 $122,933.92
136 $122,933.92 $609.32 $0.00 $695.09 $124,238.33
137 $124,238.33 $609.32 $0.00 $702.46 $125,550.11
138 $125,550.11 $609.32 $0.00 $709.88 $126,869.31
139 $126,869.31 $609.32 $0.00 $717.34 $128,195.97
140 $128,195.97 $609.32 $0.00 $724.84 $129,530.13
141 $129,530.13 $609.32 $0.00 $732.38 $130,871.83
142 $130,871.83 $609.32 $0.00 $739.97 $132,221.12
143 $132,221.12 $609.32 $0.00 $747.60 $133,578.04
144 $133,578.04 $609.32 $0.00 $755.27 $134,942.63
145 $134,942.63 $609.32 $0.00 $762.99 $136,314.94
146 $136,314.94 $609.32 $0.00 $770.74 $137,695.00
147 $137,695.00 $609.32 $0.00 $778.55 $139,082.87
148 $139,082.87 $609.32 $0.00 $786.39 $140,478.58
149 $140,478.58 $609.32 $0.00 $794.29 $141,882.19
150 $141,882.19 $609.32 $0.00 $802.22 $143,293.73
151 $143,293.73 $609.32 $0.00 $810.20 $144,713.25
152 $144,713.25 $609.32 $0.00 $818.23 $146,140.80
153 $146,140.80 $609.32 $0.00 $826.30 $147,576.42
154 $147,576.42 $609.32 $0.00 $834.42 $149,020.16
155 $149,020.16 $609.32 $0.00 $842.58 $150,472.06
156 $150,472.06 $609.32 $0.00 $850.79 $151,932.17
157 $151,932.17 $609.32 $0.00 $859.05 $153,400.54
158 $153,400.54 $609.32 $0.00 $867.35 $154,877.21
159 $154,877.21 $609.32 $0.00 $875.70 $156,362.23
160 $156,362.23 $609.32 $0.00 $884.09 $157,855.64
161 $157,855.64 $609.32 $0.00 $892.54 $159,357.50
162 $159,357.50 $609.32 $0.00 $901.03 $160,867.85
163 $160,867.85 $609.32 $0.00 $909.57 $162,386.74
164 $162,386.74 $609.32 $0.00 $918.16 $163,914.22
165 $163,914.22 $609.32 $0.00 $926.79 $165,450.33
166 $165,450.33 $609.32 $0.00 $935.48 $166,995.13
167 $166,995.13 $609.32 $0.00 $944.21 $168,548.66
168 $168,548.66 $609.32 $0.00 $953.00 $170,110.98
169 $170,110.98 $609.32 $0.00 $961.83 $171,682.13
170 $171,682.13 $609.32 $0.00 $970.72 $173,262.17
171 $173,262.17 $609.32 $0.00 $979.65 $174,851.14
172 $174,851.14 $609.32 $0.00 $988.63 $176,449.09
173 $176,449.09 $609.32 $0.00 $997.67 $178,056.08
174 $178,056.08 $609.32 $0.00 $1,006.75 $179,672.15
175 $179,672.15 $609.32 $0.00 $1,015.89 $181,297.36
176 $181,297.36 $609.32 $0.00 $1,025.08 $182,931.76
177 $182,931.76 $609.32 $0.00 $1,034.32 $184,575.40
178 $184,575.40 $609.32 $0.00 $1,043.62 $186,228.34
179 $186,228.34 $609.32 $0.00 $1,052.96 $187,890.62
180 $187,890.62 $609.32 $0.00 $1,062.36 $189,562.30
181 $189,562.30 $609.32 $0.00 $1,071.81 $191,243.43
182 $191,243.43 $609.32 $0.00 $1,081.32 $192,934.07
183 $192,934.07 $609.32 $0.00 $1,090.88 $194,634.27
184 $194,634.27 $609.32 $0.00 $1,100.49 $196,344.08
185 $196,344.08 $609.32 $0.00 $1,110.16 $198,063.56
186 $198,063.56 $609.32 $0.00 $1,119.88 $199,792.76
187 $199,792.76 $609.32 $0.00 $1,129.66 $201,531.74
188 $201,531.74 $609.32 $0.00 $1,139.49 $203,280.55
189 $203,280.55 $609.32 $0.00 $1,149.38 $205,039.25
190 $205,039.25 $609.32 $0.00 $1,159.32 $206,807.89
191 $206,807.89 $609.32 $0.00 $1,169.32 $208,586.53
192 $208,586.53 $609.32 $0.00 $1,179.38 $210,375.23
193 $210,375.23 $609.32 $0.00 $1,189.49 $212,174.04
194 $212,174.04 $609.32 $0.00 $1,199.66 $213,983.02
195 $213,983.02 $609.32 $0.00 $1,209.89 $215,802.23
196 $215,802.23 $609.32 $0.00 $1,220.18 $217,631.73
197 $217,631.73 $609.32 $0.00 $1,230.52 $219,471.57
198 $219,471.57 $609.32 $0.00 $1,240.92 $221,321.81
199 $221,321.81 $609.32 $0.00 $1,251.39 $223,182.52
200 $223,182.52 $609.32 $0.00 $1,261.91 $225,053.75
201 $225,053.75 $609.32 $0.00 $1,272.49 $226,935.56
202 $226,935.56 $609.32 $0.00 $1,283.13 $228,828.01
203 $228,828.01 $609.32 $0.00 $1,293.83 $230,731.16
204 $230,731.16 $609.32 $0.00 $1,304.59 $232,645.07
205 $232,645.07 $609.32 $0.00 $1,315.41 $234,569.80
206 $234,569.80 $609.32 $0.00 $1,326.29 $236,505.41
207 $236,505.41 $609.32 $0.00 $1,337.24 $238,451.97
208 $238,451.97 $609.32 $0.00 $1,348.24 $240,409.53
209 $240,409.53 $609.32 $0.00 $1,359.31 $242,378.16
210 $242,378.16 $609.32 $0.00 $1,370.44 $244,357.92
211 $244,357.92 $609.32 $0.00 $1,381.64 $246,348.88
212 $246,348.88 $609.32 $0.00 $1,392.89 $248,351.09
213 $248,351.09 $609.32 $0.00 $1,404.21 $250,364.62
214 $250,364.62 $609.32 $0.00 $1,415.60 $252,389.54
215 $252,389.54 $609.32 $0.00 $1,427.05 $254,425.91
216 $254,425.91 $609.32 $0.00 $1,438.56 $256,473.79
217 $256,473.79 $609.32 $69,457.61 $1,450.14 $189,075.64
218 $189,075.64 $609.32 $0.00 $1,069.06 $190,754.02
219 $190,754.02 $609.32 $0.00 $1,078.55 $192,441.89
220 $192,441.89 $609.32 $0.00 $1,088.09 $194,139.30
221 $194,139.30 $609.32 $0.00 $1,097.69 $195,846.31
222 $195,846.31 $609.32 $0.00 $1,107.34 $197,562.97
223 $197,562.97 $609.32 $0.00 $1,117.05 $199,289.34
224 $199,289.34 $609.32 $0.00 $1,126.81 $201,025.47
225 $201,025.47 $609.32 $0.00 $1,136.63 $202,771.42
226 $202,771.42 $609.32 $0.00 $1,146.50 $204,527.24
227 $204,527.24 $609.32 $0.00 $1,156.43 $206,292.99
228 $206,292.99 $609.32 $0.00 $1,166.41 $208,068.72
229 $208,068.72 $609.32 $74,319.64 $1,176.45 $135,534.85
230 $135,534.85 $609.32 $0.00 $766.33 $136,910.50
231 $136,910.50 $609.32 $0.00 $774.11 $138,293.93
232 $138,293.93 $609.32 $0.00 $781.93 $139,685.18
233 $139,685.18 $609.32 $0.00 $789.80 $141,084.30
234 $141,084.30 $609.32 $0.00 $797.71 $142,491.33
235 $142,491.33 $609.32 $0.00 $805.67 $143,906.32
236 $143,906.32 $609.32 $0.00 $813.67 $145,329.31
237 $145,329.31 $609.32 $0.00 $821.71 $146,760.34
238 $146,760.34 $609.32 $0.00 $829.80 $148,199.46
239 $148,199.46 $609.32 $0.00 $837.94 $149,646.72
240 $149,646.72 $609.32 $0.00 $846.12 $151,102.16
241 $151,102.16 $609.32 $79,522.02 $854.35 $73,043.81
242 $73,043.81 $609.32 $0.00 $413.00 $74,066.13
243 $74,066.13 $609.32 $0.00 $418.78 $75,094.23
244 $75,094.23 $609.32 $0.00 $424.59 $76,128.14
245 $76,128.14 $609.32 $0.00 $430.44 $77,167.90
246 $77,167.90 $609.32 $0.00 $436.32 $78,213.54
247 $78,213.54 $609.32 $0.00 $442.23 $79,265.09
248 $79,265.09 $609.32 $0.00 $448.18 $80,322.59
249 $80,322.59 $609.32 $0.00 $454.16 $81,386.07
250 $81,386.07 $609.32 $0.00 $460.17 $82,455.56
251 $82,455.56 $609.32 $0.00 $466.22 $83,531.10
252 $83,531.10 $609.32 $0.00 $472.30 $84,612.72
253 $84,612.72 $0.00 $85,088.56 $478.41 $2.57