How much will it cost and what do you need to save?
| Estimated Annual Cost in 2041 | $41,600 |
| Monthly savings required | $185 |
How much will it cost to send your child to Central Maine Community College in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $83,199.71 for students enrolling in 2041 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $184.88 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 | $16,864.00 |
| Years until enrollment | 18 |
| Annual Tuition Increase | 5% |
| 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 Central Maine Community College in the future.
| Month | Begin | Deposit | Withdraw | Interest | End |
|---|---|---|---|---|---|
| 1 | $0.00 | $184.88 | $0.00 | $0.00 | $184.88 |
| 2 | $184.88 | $184.88 | $0.00 | $1.05 | $370.81 |
| 3 | $370.81 | $184.88 | $0.00 | $2.10 | $557.79 |
| 4 | $557.79 | $184.88 | $0.00 | $3.15 | $745.82 |
| 5 | $745.82 | $184.88 | $0.00 | $4.22 | $934.92 |
| 6 | $934.92 | $184.88 | $0.00 | $5.29 | $1,125.09 |
| 7 | $1,125.09 | $184.88 | $0.00 | $6.36 | $1,316.33 |
| 8 | $1,316.33 | $184.88 | $0.00 | $7.44 | $1,508.65 |
| 9 | $1,508.65 | $184.88 | $0.00 | $8.53 | $1,702.06 |
| 10 | $1,702.06 | $184.88 | $0.00 | $9.62 | $1,896.56 |
| 11 | $1,896.56 | $184.88 | $0.00 | $10.72 | $2,092.16 |
| 12 | $2,092.16 | $184.88 | $0.00 | $11.83 | $2,288.87 |
| 13 | $2,288.87 | $184.88 | $0.00 | $12.94 | $2,486.69 |
| 14 | $2,486.69 | $184.88 | $0.00 | $14.06 | $2,685.63 |
| 15 | $2,685.63 | $184.88 | $0.00 | $15.18 | $2,885.69 |
| 16 | $2,885.69 | $184.88 | $0.00 | $16.32 | $3,086.89 |
| 17 | $3,086.89 | $184.88 | $0.00 | $17.45 | $3,289.22 |
| 18 | $3,289.22 | $184.88 | $0.00 | $18.60 | $3,492.70 |
| 19 | $3,492.70 | $184.88 | $0.00 | $19.75 | $3,697.33 |
| 20 | $3,697.33 | $184.88 | $0.00 | $20.91 | $3,903.12 |
| 21 | $3,903.12 | $184.88 | $0.00 | $22.07 | $4,110.07 |
| 22 | $4,110.07 | $184.88 | $0.00 | $23.24 | $4,318.19 |
| 23 | $4,318.19 | $184.88 | $0.00 | $24.42 | $4,527.49 |
| 24 | $4,527.49 | $184.88 | $0.00 | $25.60 | $4,737.97 |
| 25 | $4,737.97 | $184.88 | $0.00 | $26.79 | $4,949.64 |
| 26 | $4,949.64 | $184.88 | $0.00 | $27.99 | $5,162.51 |
| 27 | $5,162.51 | $184.88 | $0.00 | $29.19 | $5,376.58 |
| 28 | $5,376.58 | $184.88 | $0.00 | $30.40 | $5,591.86 |
| 29 | $5,591.86 | $184.88 | $0.00 | $31.62 | $5,808.36 |
| 30 | $5,808.36 | $184.88 | $0.00 | $32.84 | $6,026.08 |
| 31 | $6,026.08 | $184.88 | $0.00 | $34.07 | $6,245.03 |
| 32 | $6,245.03 | $184.88 | $0.00 | $35.31 | $6,465.22 |
| 33 | $6,465.22 | $184.88 | $0.00 | $36.56 | $6,686.66 |
| 34 | $6,686.66 | $184.88 | $0.00 | $37.81 | $6,909.35 |
| 35 | $6,909.35 | $184.88 | $0.00 | $39.07 | $7,133.30 |
| 36 | $7,133.30 | $184.88 | $0.00 | $40.33 | $7,358.51 |
| 37 | $7,358.51 | $184.88 | $0.00 | $41.61 | $7,585.00 |
| 38 | $7,585.00 | $184.88 | $0.00 | $42.89 | $7,812.77 |
| 39 | $7,812.77 | $184.88 | $0.00 | $44.17 | $8,041.82 |
| 40 | $8,041.82 | $184.88 | $0.00 | $45.47 | $8,272.17 |
| 41 | $8,272.17 | $184.88 | $0.00 | $46.77 | $8,503.82 |
| 42 | $8,503.82 | $184.88 | $0.00 | $48.08 | $8,736.78 |
| 43 | $8,736.78 | $184.88 | $0.00 | $49.40 | $8,971.06 |
| 44 | $8,971.06 | $184.88 | $0.00 | $50.72 | $9,206.66 |
| 45 | $9,206.66 | $184.88 | $0.00 | $52.06 | $9,443.60 |
| 46 | $9,443.60 | $184.88 | $0.00 | $53.40 | $9,681.88 |
| 47 | $9,681.88 | $184.88 | $0.00 | $54.74 | $9,921.50 |
| 48 | $9,921.50 | $184.88 | $0.00 | $56.10 | $10,162.48 |
| 49 | $10,162.48 | $184.88 | $0.00 | $57.46 | $10,404.82 |
| 50 | $10,404.82 | $184.88 | $0.00 | $58.83 | $10,648.53 |
| 51 | $10,648.53 | $184.88 | $0.00 | $60.21 | $10,893.62 |
| 52 | $10,893.62 | $184.88 | $0.00 | $61.59 | $11,140.09 |
| 53 | $11,140.09 | $184.88 | $0.00 | $62.99 | $11,387.96 |
| 54 | $11,387.96 | $184.88 | $0.00 | $64.39 | $11,637.23 |
| 55 | $11,637.23 | $184.88 | $0.00 | $65.80 | $11,887.91 |
| 56 | $11,887.91 | $184.88 | $0.00 | $67.22 | $12,140.01 |
| 57 | $12,140.01 | $184.88 | $0.00 | $68.64 | $12,393.53 |
| 58 | $12,393.53 | $184.88 | $0.00 | $70.07 | $12,648.48 |
| 59 | $12,648.48 | $184.88 | $0.00 | $71.52 | $12,904.88 |
| 60 | $12,904.88 | $184.88 | $0.00 | $72.97 | $13,162.73 |
| 61 | $13,162.73 | $184.88 | $0.00 | $74.42 | $13,422.03 |
| 62 | $13,422.03 | $184.88 | $0.00 | $75.89 | $13,682.80 |
| 63 | $13,682.80 | $184.88 | $0.00 | $77.36 | $13,945.04 |
| 64 | $13,945.04 | $184.88 | $0.00 | $78.85 | $14,208.77 |
| 65 | $14,208.77 | $184.88 | $0.00 | $80.34 | $14,473.99 |
| 66 | $14,473.99 | $184.88 | $0.00 | $81.84 | $14,740.71 |
| 67 | $14,740.71 | $184.88 | $0.00 | $83.35 | $15,008.94 |
| 68 | $15,008.94 | $184.88 | $0.00 | $84.86 | $15,278.68 |
| 69 | $15,278.68 | $184.88 | $0.00 | $86.39 | $15,549.95 |
| 70 | $15,549.95 | $184.88 | $0.00 | $87.92 | $15,822.75 |
| 71 | $15,822.75 | $184.88 | $0.00 | $89.46 | $16,097.09 |
| 72 | $16,097.09 | $184.88 | $0.00 | $91.02 | $16,372.99 |
| 73 | $16,372.99 | $184.88 | $0.00 | $92.58 | $16,650.45 |
| 74 | $16,650.45 | $184.88 | $0.00 | $94.14 | $16,929.47 |
| 75 | $16,929.47 | $184.88 | $0.00 | $95.72 | $17,210.07 |
| 76 | $17,210.07 | $184.88 | $0.00 | $97.31 | $17,492.26 |
| 77 | $17,492.26 | $184.88 | $0.00 | $98.90 | $17,776.04 |
| 78 | $17,776.04 | $184.88 | $0.00 | $100.51 | $18,061.43 |
| 79 | $18,061.43 | $184.88 | $0.00 | $102.12 | $18,348.43 |
| 80 | $18,348.43 | $184.88 | $0.00 | $103.74 | $18,637.05 |
| 81 | $18,637.05 | $184.88 | $0.00 | $105.38 | $18,927.31 |
| 82 | $18,927.31 | $184.88 | $0.00 | $107.02 | $19,219.21 |
| 83 | $19,219.21 | $184.88 | $0.00 | $108.67 | $19,512.76 |
| 84 | $19,512.76 | $184.88 | $0.00 | $110.33 | $19,807.97 |
| 85 | $19,807.97 | $184.88 | $0.00 | $112.00 | $20,104.85 |
| 86 | $20,104.85 | $184.88 | $0.00 | $113.68 | $20,403.41 |
| 87 | $20,403.41 | $184.88 | $0.00 | $115.36 | $20,703.65 |
| 88 | $20,703.65 | $184.88 | $0.00 | $117.06 | $21,005.59 |
| 89 | $21,005.59 | $184.88 | $0.00 | $118.77 | $21,309.24 |
| 90 | $21,309.24 | $184.88 | $0.00 | $120.49 | $21,614.61 |
| 91 | $21,614.61 | $184.88 | $0.00 | $122.21 | $21,921.70 |
| 92 | $21,921.70 | $184.88 | $0.00 | $123.95 | $22,230.53 |
| 93 | $22,230.53 | $184.88 | $0.00 | $125.69 | $22,541.10 |
| 94 | $22,541.10 | $184.88 | $0.00 | $127.45 | $22,853.43 |
| 95 | $22,853.43 | $184.88 | $0.00 | $129.22 | $23,167.53 |
| 96 | $23,167.53 | $184.88 | $0.00 | $130.99 | $23,483.40 |
| 97 | $23,483.40 | $184.88 | $0.00 | $132.78 | $23,801.06 |
| 98 | $23,801.06 | $184.88 | $0.00 | $134.57 | $24,120.51 |
| 99 | $24,120.51 | $184.88 | $0.00 | $136.38 | $24,441.77 |
| 100 | $24,441.77 | $184.88 | $0.00 | $138.20 | $24,764.85 |
| 101 | $24,764.85 | $184.88 | $0.00 | $140.02 | $25,089.75 |
| 102 | $25,089.75 | $184.88 | $0.00 | $141.86 | $25,416.49 |
| 103 | $25,416.49 | $184.88 | $0.00 | $143.71 | $25,745.08 |
| 104 | $25,745.08 | $184.88 | $0.00 | $145.57 | $26,075.53 |
| 105 | $26,075.53 | $184.88 | $0.00 | $147.43 | $26,407.84 |
| 106 | $26,407.84 | $184.88 | $0.00 | $149.31 | $26,742.03 |
| 107 | $26,742.03 | $184.88 | $0.00 | $151.20 | $27,078.11 |
| 108 | $27,078.11 | $184.88 | $0.00 | $153.10 | $27,416.09 |
| 109 | $27,416.09 | $184.88 | $0.00 | $155.01 | $27,755.98 |
| 110 | $27,755.98 | $184.88 | $0.00 | $156.94 | $28,097.80 |
| 111 | $28,097.80 | $184.88 | $0.00 | $158.87 | $28,441.55 |
| 112 | $28,441.55 | $184.88 | $0.00 | $160.81 | $28,787.24 |
| 113 | $28,787.24 | $184.88 | $0.00 | $162.77 | $29,134.89 |
| 114 | $29,134.89 | $184.88 | $0.00 | $164.73 | $29,484.50 |
| 115 | $29,484.50 | $184.88 | $0.00 | $166.71 | $29,836.09 |
| 116 | $29,836.09 | $184.88 | $0.00 | $168.70 | $30,189.67 |
| 117 | $30,189.67 | $184.88 | $0.00 | $170.70 | $30,545.25 |
| 118 | $30,545.25 | $184.88 | $0.00 | $172.71 | $30,902.84 |
| 119 | $30,902.84 | $184.88 | $0.00 | $174.73 | $31,262.45 |
| 120 | $31,262.45 | $184.88 | $0.00 | $176.76 | $31,624.09 |
| 121 | $31,624.09 | $184.88 | $0.00 | $178.81 | $31,987.78 |
| 122 | $31,987.78 | $184.88 | $0.00 | $180.86 | $32,353.52 |
| 123 | $32,353.52 | $184.88 | $0.00 | $182.93 | $32,721.33 |
| 124 | $32,721.33 | $184.88 | $0.00 | $185.01 | $33,091.22 |
| 125 | $33,091.22 | $184.88 | $0.00 | $187.10 | $33,463.20 |
| 126 | $33,463.20 | $184.88 | $0.00 | $189.21 | $33,837.29 |
| 127 | $33,837.29 | $184.88 | $0.00 | $191.32 | $34,213.49 |
| 128 | $34,213.49 | $184.88 | $0.00 | $193.45 | $34,591.82 |
| 129 | $34,591.82 | $184.88 | $0.00 | $195.59 | $34,972.29 |
| 130 | $34,972.29 | $184.88 | $0.00 | $197.74 | $35,354.91 |
| 131 | $35,354.91 | $184.88 | $0.00 | $199.90 | $35,739.69 |
| 132 | $35,739.69 | $184.88 | $0.00 | $202.08 | $36,126.65 |
| 133 | $36,126.65 | $184.88 | $0.00 | $204.27 | $36,515.80 |
| 134 | $36,515.80 | $184.88 | $0.00 | $206.47 | $36,907.15 |
| 135 | $36,907.15 | $184.88 | $0.00 | $208.68 | $37,300.71 |
| 136 | $37,300.71 | $184.88 | $0.00 | $210.90 | $37,696.49 |
| 137 | $37,696.49 | $184.88 | $0.00 | $213.14 | $38,094.51 |
| 138 | $38,094.51 | $184.88 | $0.00 | $215.39 | $38,494.78 |
| 139 | $38,494.78 | $184.88 | $0.00 | $217.66 | $38,897.32 |
| 140 | $38,897.32 | $184.88 | $0.00 | $219.93 | $39,302.13 |
| 141 | $39,302.13 | $184.88 | $0.00 | $222.22 | $39,709.23 |
| 142 | $39,709.23 | $184.88 | $0.00 | $224.52 | $40,118.63 |
| 143 | $40,118.63 | $184.88 | $0.00 | $226.84 | $40,530.35 |
| 144 | $40,530.35 | $184.88 | $0.00 | $229.16 | $40,944.39 |
| 145 | $40,944.39 | $184.88 | $0.00 | $231.51 | $41,360.78 |
| 146 | $41,360.78 | $184.88 | $0.00 | $233.86 | $41,779.52 |
| 147 | $41,779.52 | $184.88 | $0.00 | $236.23 | $42,200.63 |
| 148 | $42,200.63 | $184.88 | $0.00 | $238.61 | $42,624.12 |
| 149 | $42,624.12 | $184.88 | $0.00 | $241.00 | $43,050.00 |
| 150 | $43,050.00 | $184.88 | $0.00 | $243.41 | $43,478.29 |
| 151 | $43,478.29 | $184.88 | $0.00 | $245.83 | $43,909.00 |
| 152 | $43,909.00 | $184.88 | $0.00 | $248.27 | $44,342.15 |
| 153 | $44,342.15 | $184.88 | $0.00 | $250.72 | $44,777.75 |
| 154 | $44,777.75 | $184.88 | $0.00 | $253.18 | $45,215.81 |
| 155 | $45,215.81 | $184.88 | $0.00 | $255.66 | $45,656.35 |
| 156 | $45,656.35 | $184.88 | $0.00 | $258.15 | $46,099.38 |
| 157 | $46,099.38 | $184.88 | $0.00 | $260.65 | $46,544.91 |
| 158 | $46,544.91 | $184.88 | $0.00 | $263.17 | $46,992.96 |
| 159 | $46,992.96 | $184.88 | $0.00 | $265.71 | $47,443.55 |
| 160 | $47,443.55 | $184.88 | $0.00 | $268.25 | $47,896.68 |
| 161 | $47,896.68 | $184.88 | $0.00 | $270.81 | $48,352.37 |
| 162 | $48,352.37 | $184.88 | $0.00 | $273.39 | $48,810.64 |
| 163 | $48,810.64 | $184.88 | $0.00 | $275.98 | $49,271.50 |
| 164 | $49,271.50 | $184.88 | $0.00 | $278.59 | $49,734.97 |
| 165 | $49,734.97 | $184.88 | $0.00 | $281.21 | $50,201.06 |
| 166 | $50,201.06 | $184.88 | $0.00 | $283.84 | $50,669.78 |
| 167 | $50,669.78 | $184.88 | $0.00 | $286.49 | $51,141.15 |
| 168 | $51,141.15 | $184.88 | $0.00 | $289.16 | $51,615.19 |
| 169 | $51,615.19 | $184.88 | $0.00 | $291.84 | $52,091.91 |
| 170 | $52,091.91 | $184.88 | $0.00 | $294.54 | $52,571.33 |
| 171 | $52,571.33 | $184.88 | $0.00 | $297.25 | $53,053.46 |
| 172 | $53,053.46 | $184.88 | $0.00 | $299.97 | $53,538.31 |
| 173 | $53,538.31 | $184.88 | $0.00 | $302.71 | $54,025.90 |
| 174 | $54,025.90 | $184.88 | $0.00 | $305.47 | $54,516.25 |
| 175 | $54,516.25 | $184.88 | $0.00 | $308.24 | $55,009.37 |
| 176 | $55,009.37 | $184.88 | $0.00 | $311.03 | $55,505.28 |
| 177 | $55,505.28 | $184.88 | $0.00 | $313.83 | $56,003.99 |
| 178 | $56,003.99 | $184.88 | $0.00 | $316.65 | $56,505.52 |
| 179 | $56,505.52 | $184.88 | $0.00 | $319.49 | $57,009.89 |
| 180 | $57,009.89 | $184.88 | $0.00 | $322.34 | $57,517.11 |
| 181 | $57,517.11 | $184.88 | $0.00 | $325.21 | $58,027.20 |
| 182 | $58,027.20 | $184.88 | $0.00 | $328.09 | $58,540.17 |
| 183 | $58,540.17 | $184.88 | $0.00 | $330.99 | $59,056.04 |
| 184 | $59,056.04 | $184.88 | $0.00 | $333.91 | $59,574.83 |
| 185 | $59,574.83 | $184.88 | $0.00 | $336.84 | $60,096.55 |
| 186 | $60,096.55 | $184.88 | $0.00 | $339.79 | $60,621.22 |
| 187 | $60,621.22 | $184.88 | $0.00 | $342.76 | $61,148.86 |
| 188 | $61,148.86 | $184.88 | $0.00 | $345.74 | $61,679.48 |
| 189 | $61,679.48 | $184.88 | $0.00 | $348.74 | $62,213.10 |
| 190 | $62,213.10 | $184.88 | $0.00 | $351.76 | $62,749.74 |
| 191 | $62,749.74 | $184.88 | $0.00 | $354.80 | $63,289.42 |
| 192 | $63,289.42 | $184.88 | $0.00 | $357.85 | $63,832.15 |
| 193 | $63,832.15 | $184.88 | $0.00 | $360.92 | $64,377.95 |
| 194 | $64,377.95 | $184.88 | $0.00 | $364.00 | $64,926.83 |
| 195 | $64,926.83 | $184.88 | $0.00 | $367.11 | $65,478.82 |
| 196 | $65,478.82 | $184.88 | $0.00 | $370.23 | $66,033.93 |
| 197 | $66,033.93 | $184.88 | $0.00 | $373.37 | $66,592.18 |
| 198 | $66,592.18 | $184.88 | $0.00 | $376.52 | $67,153.58 |
| 199 | $67,153.58 | $184.88 | $0.00 | $379.70 | $67,718.16 |
| 200 | $67,718.16 | $184.88 | $0.00 | $382.89 | $68,285.93 |
| 201 | $68,285.93 | $184.88 | $0.00 | $386.10 | $68,856.91 |
| 202 | $68,856.91 | $184.88 | $0.00 | $389.33 | $69,431.12 |
| 203 | $69,431.12 | $184.88 | $0.00 | $392.57 | $70,008.57 |
| 204 | $70,008.57 | $184.88 | $0.00 | $395.84 | $70,589.29 |
| 205 | $70,589.29 | $184.88 | $0.00 | $399.12 | $71,173.29 |
| 206 | $71,173.29 | $184.88 | $0.00 | $402.42 | $71,760.59 |
| 207 | $71,760.59 | $184.88 | $0.00 | $405.74 | $72,351.21 |
| 208 | $72,351.21 | $184.88 | $0.00 | $409.08 | $72,945.17 |
| 209 | $72,945.17 | $184.88 | $0.00 | $412.44 | $73,542.49 |
| 210 | $73,542.49 | $184.88 | $0.00 | $415.82 | $74,143.19 |
| 211 | $74,143.19 | $184.88 | $0.00 | $419.22 | $74,747.29 |
| 212 | $74,747.29 | $184.88 | $0.00 | $422.63 | $75,354.80 |
| 213 | $75,354.80 | $184.88 | $0.00 | $426.07 | $75,965.75 |
| 214 | $75,965.75 | $184.88 | $0.00 | $429.52 | $76,580.15 |
| 215 | $76,580.15 | $184.88 | $0.00 | $433.00 | $77,198.03 |
| 216 | $77,198.03 | $184.88 | $0.00 | $436.49 | $77,819.40 |
| 217 | $77,819.40 | $184.88 | $40,585.23 | $440.00 | $37,859.05 |
| 218 | $37,859.05 | $184.88 | $0.00 | $214.06 | $38,257.99 |
| 219 | $38,257.99 | $184.88 | $0.00 | $216.32 | $38,659.19 |
| 220 | $38,659.19 | $184.88 | $0.00 | $218.58 | $39,062.65 |
| 221 | $39,062.65 | $184.88 | $0.00 | $220.87 | $39,468.40 |
| 222 | $39,468.40 | $184.88 | $0.00 | $223.16 | $39,876.44 |
| 223 | $39,876.44 | $184.88 | $0.00 | $225.47 | $40,286.79 |
| 224 | $40,286.79 | $184.88 | $0.00 | $227.79 | $40,699.46 |
| 225 | $40,699.46 | $184.88 | $0.00 | $230.12 | $41,114.46 |
| 226 | $41,114.46 | $184.88 | $0.00 | $232.47 | $41,531.81 |
| 227 | $41,531.81 | $184.88 | $0.00 | $234.83 | $41,951.52 |
| 228 | $41,951.52 | $184.88 | $0.00 | $237.20 | $42,373.60 |
| 229 | $42,373.60 | $0.00 | $42,614.49 | $239.59 | ($1.30) |