How much will it cost and what do you need to save?
| Estimated Annual Cost in 2040 | $46,030 |
| Monthly savings required | $205 |
How much will it cost to send your child to Northern Maine Community College in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $92,060.41 for students enrolling in 2040 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $204.57 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 | $18,660.00 |
| 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 Northern Maine Community College in the future.
| Month | Begin | Deposit | Withdraw | Interest | End |
|---|---|---|---|---|---|
| 1 | $0.00 | $204.57 | $0.00 | $0.00 | $204.57 |
| 2 | $204.57 | $204.57 | $0.00 | $1.16 | $410.30 |
| 3 | $410.30 | $204.57 | $0.00 | $2.32 | $617.19 |
| 4 | $617.19 | $204.57 | $0.00 | $3.49 | $825.25 |
| 5 | $825.25 | $204.57 | $0.00 | $4.67 | $1,034.49 |
| 6 | $1,034.49 | $204.57 | $0.00 | $5.85 | $1,244.91 |
| 7 | $1,244.91 | $204.57 | $0.00 | $7.04 | $1,456.52 |
| 8 | $1,456.52 | $204.57 | $0.00 | $8.24 | $1,669.33 |
| 9 | $1,669.33 | $204.57 | $0.00 | $9.44 | $1,883.34 |
| 10 | $1,883.34 | $204.57 | $0.00 | $10.65 | $2,098.56 |
| 11 | $2,098.56 | $204.57 | $0.00 | $11.87 | $2,315.00 |
| 12 | $2,315.00 | $204.57 | $0.00 | $13.09 | $2,532.66 |
| 13 | $2,532.66 | $204.57 | $0.00 | $14.32 | $2,751.55 |
| 14 | $2,751.55 | $204.57 | $0.00 | $15.56 | $2,971.68 |
| 15 | $2,971.68 | $204.57 | $0.00 | $16.80 | $3,193.05 |
| 16 | $3,193.05 | $204.57 | $0.00 | $18.05 | $3,415.67 |
| 17 | $3,415.67 | $204.57 | $0.00 | $19.31 | $3,639.55 |
| 18 | $3,639.55 | $204.57 | $0.00 | $20.58 | $3,864.70 |
| 19 | $3,864.70 | $204.57 | $0.00 | $21.85 | $4,091.12 |
| 20 | $4,091.12 | $204.57 | $0.00 | $23.13 | $4,318.82 |
| 21 | $4,318.82 | $204.57 | $0.00 | $24.42 | $4,547.81 |
| 22 | $4,547.81 | $204.57 | $0.00 | $25.71 | $4,778.09 |
| 23 | $4,778.09 | $204.57 | $0.00 | $27.02 | $5,009.68 |
| 24 | $5,009.68 | $204.57 | $0.00 | $28.33 | $5,242.58 |
| 25 | $5,242.58 | $204.57 | $0.00 | $29.64 | $5,476.79 |
| 26 | $5,476.79 | $204.57 | $0.00 | $30.97 | $5,712.33 |
| 27 | $5,712.33 | $204.57 | $0.00 | $32.30 | $5,949.20 |
| 28 | $5,949.20 | $204.57 | $0.00 | $33.64 | $6,187.41 |
| 29 | $6,187.41 | $204.57 | $0.00 | $34.98 | $6,426.96 |
| 30 | $6,426.96 | $204.57 | $0.00 | $36.34 | $6,667.87 |
| 31 | $6,667.87 | $204.57 | $0.00 | $37.70 | $6,910.14 |
| 32 | $6,910.14 | $204.57 | $0.00 | $39.07 | $7,153.78 |
| 33 | $7,153.78 | $204.57 | $0.00 | $40.45 | $7,398.80 |
| 34 | $7,398.80 | $204.57 | $0.00 | $41.83 | $7,645.20 |
| 35 | $7,645.20 | $204.57 | $0.00 | $43.23 | $7,893.00 |
| 36 | $7,893.00 | $204.57 | $0.00 | $44.63 | $8,142.20 |
| 37 | $8,142.20 | $204.57 | $0.00 | $46.04 | $8,392.81 |
| 38 | $8,392.81 | $204.57 | $0.00 | $47.45 | $8,644.83 |
| 39 | $8,644.83 | $204.57 | $0.00 | $48.88 | $8,898.28 |
| 40 | $8,898.28 | $204.57 | $0.00 | $50.31 | $9,153.16 |
| 41 | $9,153.16 | $204.57 | $0.00 | $51.75 | $9,409.48 |
| 42 | $9,409.48 | $204.57 | $0.00 | $53.20 | $9,667.25 |
| 43 | $9,667.25 | $204.57 | $0.00 | $54.66 | $9,926.48 |
| 44 | $9,926.48 | $204.57 | $0.00 | $56.13 | $10,187.18 |
| 45 | $10,187.18 | $204.57 | $0.00 | $57.60 | $10,449.35 |
| 46 | $10,449.35 | $204.57 | $0.00 | $59.08 | $10,713.00 |
| 47 | $10,713.00 | $204.57 | $0.00 | $60.57 | $10,978.14 |
| 48 | $10,978.14 | $204.57 | $0.00 | $62.07 | $11,244.78 |
| 49 | $11,244.78 | $204.57 | $0.00 | $63.58 | $11,512.93 |
| 50 | $11,512.93 | $204.57 | $0.00 | $65.10 | $11,782.60 |
| 51 | $11,782.60 | $204.57 | $0.00 | $66.62 | $12,053.79 |
| 52 | $12,053.79 | $204.57 | $0.00 | $68.15 | $12,326.51 |
| 53 | $12,326.51 | $204.57 | $0.00 | $69.70 | $12,600.78 |
| 54 | $12,600.78 | $204.57 | $0.00 | $71.25 | $12,876.60 |
| 55 | $12,876.60 | $204.57 | $0.00 | $72.81 | $13,153.98 |
| 56 | $13,153.98 | $204.57 | $0.00 | $74.37 | $13,432.92 |
| 57 | $13,432.92 | $204.57 | $0.00 | $75.95 | $13,713.44 |
| 58 | $13,713.44 | $204.57 | $0.00 | $77.54 | $13,995.55 |
| 59 | $13,995.55 | $204.57 | $0.00 | $79.13 | $14,279.25 |
| 60 | $14,279.25 | $204.57 | $0.00 | $80.74 | $14,564.56 |
| 61 | $14,564.56 | $204.57 | $0.00 | $82.35 | $14,851.48 |
| 62 | $14,851.48 | $204.57 | $0.00 | $83.97 | $15,140.02 |
| 63 | $15,140.02 | $204.57 | $0.00 | $85.60 | $15,430.19 |
| 64 | $15,430.19 | $204.57 | $0.00 | $87.24 | $15,722.00 |
| 65 | $15,722.00 | $204.57 | $0.00 | $88.89 | $16,015.46 |
| 66 | $16,015.46 | $204.57 | $0.00 | $90.55 | $16,310.58 |
| 67 | $16,310.58 | $204.57 | $0.00 | $92.22 | $16,607.37 |
| 68 | $16,607.37 | $204.57 | $0.00 | $93.90 | $16,905.84 |
| 69 | $16,905.84 | $204.57 | $0.00 | $95.59 | $17,206.00 |
| 70 | $17,206.00 | $204.57 | $0.00 | $97.29 | $17,507.86 |
| 71 | $17,507.86 | $204.57 | $0.00 | $98.99 | $17,811.42 |
| 72 | $17,811.42 | $204.57 | $0.00 | $100.71 | $18,116.70 |
| 73 | $18,116.70 | $204.57 | $0.00 | $102.43 | $18,423.70 |
| 74 | $18,423.70 | $204.57 | $0.00 | $104.17 | $18,732.44 |
| 75 | $18,732.44 | $204.57 | $0.00 | $105.92 | $19,042.93 |
| 76 | $19,042.93 | $204.57 | $0.00 | $107.67 | $19,355.17 |
| 77 | $19,355.17 | $204.57 | $0.00 | $109.44 | $19,669.18 |
| 78 | $19,669.18 | $204.57 | $0.00 | $111.21 | $19,984.96 |
| 79 | $19,984.96 | $204.57 | $0.00 | $113.00 | $20,302.53 |
| 80 | $20,302.53 | $204.57 | $0.00 | $114.79 | $20,621.89 |
| 81 | $20,621.89 | $204.57 | $0.00 | $116.60 | $20,943.06 |
| 82 | $20,943.06 | $204.57 | $0.00 | $118.42 | $21,266.05 |
| 83 | $21,266.05 | $204.57 | $0.00 | $120.24 | $21,590.86 |
| 84 | $21,590.86 | $204.57 | $0.00 | $122.08 | $21,917.51 |
| 85 | $21,917.51 | $204.57 | $0.00 | $123.92 | $22,246.00 |
| 86 | $22,246.00 | $204.57 | $0.00 | $125.78 | $22,576.35 |
| 87 | $22,576.35 | $204.57 | $0.00 | $127.65 | $22,908.57 |
| 88 | $22,908.57 | $204.57 | $0.00 | $129.53 | $23,242.67 |
| 89 | $23,242.67 | $204.57 | $0.00 | $131.42 | $23,578.66 |
| 90 | $23,578.66 | $204.57 | $0.00 | $133.32 | $23,916.55 |
| 91 | $23,916.55 | $204.57 | $0.00 | $135.23 | $24,256.35 |
| 92 | $24,256.35 | $204.57 | $0.00 | $137.15 | $24,598.07 |
| 93 | $24,598.07 | $204.57 | $0.00 | $139.08 | $24,941.72 |
| 94 | $24,941.72 | $204.57 | $0.00 | $141.02 | $25,287.31 |
| 95 | $25,287.31 | $204.57 | $0.00 | $142.98 | $25,634.86 |
| 96 | $25,634.86 | $204.57 | $0.00 | $144.94 | $25,984.37 |
| 97 | $25,984.37 | $204.57 | $0.00 | $146.92 | $26,335.86 |
| 98 | $26,335.86 | $204.57 | $0.00 | $148.91 | $26,689.34 |
| 99 | $26,689.34 | $204.57 | $0.00 | $150.91 | $27,044.82 |
| 100 | $27,044.82 | $204.57 | $0.00 | $152.92 | $27,402.31 |
| 101 | $27,402.31 | $204.57 | $0.00 | $154.94 | $27,761.82 |
| 102 | $27,761.82 | $204.57 | $0.00 | $156.97 | $28,123.36 |
| 103 | $28,123.36 | $204.57 | $0.00 | $159.01 | $28,486.94 |
| 104 | $28,486.94 | $204.57 | $0.00 | $161.07 | $28,852.58 |
| 105 | $28,852.58 | $204.57 | $0.00 | $163.14 | $29,220.29 |
| 106 | $29,220.29 | $204.57 | $0.00 | $165.22 | $29,590.08 |
| 107 | $29,590.08 | $204.57 | $0.00 | $167.31 | $29,961.96 |
| 108 | $29,961.96 | $204.57 | $0.00 | $169.41 | $30,335.94 |
| 109 | $30,335.94 | $204.57 | $0.00 | $171.52 | $30,712.03 |
| 110 | $30,712.03 | $204.57 | $0.00 | $173.65 | $31,090.25 |
| 111 | $31,090.25 | $204.57 | $0.00 | $175.79 | $31,470.61 |
| 112 | $31,470.61 | $204.57 | $0.00 | $177.94 | $31,853.12 |
| 113 | $31,853.12 | $204.57 | $0.00 | $180.10 | $32,237.79 |
| 114 | $32,237.79 | $204.57 | $0.00 | $182.28 | $32,624.64 |
| 115 | $32,624.64 | $204.57 | $0.00 | $184.46 | $33,013.67 |
| 116 | $33,013.67 | $204.57 | $0.00 | $186.66 | $33,404.90 |
| 117 | $33,404.90 | $204.57 | $0.00 | $188.88 | $33,798.35 |
| 118 | $33,798.35 | $204.57 | $0.00 | $191.10 | $34,194.02 |
| 119 | $34,194.02 | $204.57 | $0.00 | $193.34 | $34,591.93 |
| 120 | $34,591.93 | $204.57 | $0.00 | $195.59 | $34,992.09 |
| 121 | $34,992.09 | $204.57 | $0.00 | $197.85 | $35,394.51 |
| 122 | $35,394.51 | $204.57 | $0.00 | $200.13 | $35,799.21 |
| 123 | $35,799.21 | $204.57 | $0.00 | $202.41 | $36,206.19 |
| 124 | $36,206.19 | $204.57 | $0.00 | $204.72 | $36,615.48 |
| 125 | $36,615.48 | $204.57 | $0.00 | $207.03 | $37,027.08 |
| 126 | $37,027.08 | $204.57 | $0.00 | $209.36 | $37,441.01 |
| 127 | $37,441.01 | $204.57 | $0.00 | $211.70 | $37,857.28 |
| 128 | $37,857.28 | $204.57 | $0.00 | $214.05 | $38,275.90 |
| 129 | $38,275.90 | $204.57 | $0.00 | $216.42 | $38,696.89 |
| 130 | $38,696.89 | $204.57 | $0.00 | $218.80 | $39,120.26 |
| 131 | $39,120.26 | $204.57 | $0.00 | $221.19 | $39,546.02 |
| 132 | $39,546.02 | $204.57 | $0.00 | $223.60 | $39,974.19 |
| 133 | $39,974.19 | $204.57 | $0.00 | $226.02 | $40,404.78 |
| 134 | $40,404.78 | $204.57 | $0.00 | $228.45 | $40,837.80 |
| 135 | $40,837.80 | $204.57 | $0.00 | $230.90 | $41,273.27 |
| 136 | $41,273.27 | $204.57 | $0.00 | $233.37 | $41,711.21 |
| 137 | $41,711.21 | $204.57 | $0.00 | $235.84 | $42,151.62 |
| 138 | $42,151.62 | $204.57 | $0.00 | $238.33 | $42,594.52 |
| 139 | $42,594.52 | $204.57 | $0.00 | $240.84 | $43,039.93 |
| 140 | $43,039.93 | $204.57 | $0.00 | $243.35 | $43,487.85 |
| 141 | $43,487.85 | $204.57 | $0.00 | $245.89 | $43,938.31 |
| 142 | $43,938.31 | $204.57 | $0.00 | $248.43 | $44,391.31 |
| 143 | $44,391.31 | $204.57 | $0.00 | $250.99 | $44,846.87 |
| 144 | $44,846.87 | $204.57 | $0.00 | $253.57 | $45,305.01 |
| 145 | $45,305.01 | $204.57 | $0.00 | $256.16 | $45,765.74 |
| 146 | $45,765.74 | $204.57 | $0.00 | $258.77 | $46,229.08 |
| 147 | $46,229.08 | $204.57 | $0.00 | $261.39 | $46,695.04 |
| 148 | $46,695.04 | $204.57 | $0.00 | $264.02 | $47,163.63 |
| 149 | $47,163.63 | $204.57 | $0.00 | $266.67 | $47,634.87 |
| 150 | $47,634.87 | $204.57 | $0.00 | $269.33 | $48,108.77 |
| 151 | $48,108.77 | $204.57 | $0.00 | $272.01 | $48,585.35 |
| 152 | $48,585.35 | $204.57 | $0.00 | $274.71 | $49,064.63 |
| 153 | $49,064.63 | $204.57 | $0.00 | $277.42 | $49,546.62 |
| 154 | $49,546.62 | $204.57 | $0.00 | $280.14 | $50,031.33 |
| 155 | $50,031.33 | $204.57 | $0.00 | $282.88 | $50,518.78 |
| 156 | $50,518.78 | $204.57 | $0.00 | $285.64 | $51,008.99 |
| 157 | $51,008.99 | $204.57 | $0.00 | $288.41 | $51,501.97 |
| 158 | $51,501.97 | $204.57 | $0.00 | $291.20 | $51,997.74 |
| 159 | $51,997.74 | $204.57 | $0.00 | $294.00 | $52,496.31 |
| 160 | $52,496.31 | $204.57 | $0.00 | $296.82 | $52,997.70 |
| 161 | $52,997.70 | $204.57 | $0.00 | $299.66 | $53,501.93 |
| 162 | $53,501.93 | $204.57 | $0.00 | $302.51 | $54,009.01 |
| 163 | $54,009.01 | $204.57 | $0.00 | $305.37 | $54,518.95 |
| 164 | $54,518.95 | $204.57 | $0.00 | $308.26 | $55,031.78 |
| 165 | $55,031.78 | $204.57 | $0.00 | $311.16 | $55,547.51 |
| 166 | $55,547.51 | $204.57 | $0.00 | $314.07 | $56,066.15 |
| 167 | $56,066.15 | $204.57 | $0.00 | $317.01 | $56,587.73 |
| 168 | $56,587.73 | $204.57 | $0.00 | $319.96 | $57,112.26 |
| 169 | $57,112.26 | $204.57 | $0.00 | $322.92 | $57,639.75 |
| 170 | $57,639.75 | $204.57 | $0.00 | $325.90 | $58,170.22 |
| 171 | $58,170.22 | $204.57 | $0.00 | $328.90 | $58,703.69 |
| 172 | $58,703.69 | $204.57 | $0.00 | $331.92 | $59,240.18 |
| 173 | $59,240.18 | $204.57 | $0.00 | $334.95 | $59,779.70 |
| 174 | $59,779.70 | $204.57 | $0.00 | $338.00 | $60,322.27 |
| 175 | $60,322.27 | $204.57 | $0.00 | $341.07 | $60,867.91 |
| 176 | $60,867.91 | $204.57 | $0.00 | $344.16 | $61,416.64 |
| 177 | $61,416.64 | $204.57 | $0.00 | $347.26 | $61,968.47 |
| 178 | $61,968.47 | $204.57 | $0.00 | $350.38 | $62,523.42 |
| 179 | $62,523.42 | $204.57 | $0.00 | $353.52 | $63,081.51 |
| 180 | $63,081.51 | $204.57 | $0.00 | $356.67 | $63,642.75 |
| 181 | $63,642.75 | $204.57 | $0.00 | $359.85 | $64,207.17 |
| 182 | $64,207.17 | $204.57 | $0.00 | $363.04 | $64,774.78 |
| 183 | $64,774.78 | $204.57 | $0.00 | $366.25 | $65,345.60 |
| 184 | $65,345.60 | $204.57 | $0.00 | $369.47 | $65,919.64 |
| 185 | $65,919.64 | $204.57 | $0.00 | $372.72 | $66,496.93 |
| 186 | $66,496.93 | $204.57 | $0.00 | $375.98 | $67,077.48 |
| 187 | $67,077.48 | $204.57 | $0.00 | $379.27 | $67,661.32 |
| 188 | $67,661.32 | $204.57 | $0.00 | $382.57 | $68,248.46 |
| 189 | $68,248.46 | $204.57 | $0.00 | $385.89 | $68,838.92 |
| 190 | $68,838.92 | $204.57 | $0.00 | $389.23 | $69,432.72 |
| 191 | $69,432.72 | $204.57 | $0.00 | $392.58 | $70,029.87 |
| 192 | $70,029.87 | $204.57 | $0.00 | $395.96 | $70,630.40 |
| 193 | $70,630.40 | $204.57 | $0.00 | $399.35 | $71,234.32 |
| 194 | $71,234.32 | $204.57 | $0.00 | $402.77 | $71,841.66 |
| 195 | $71,841.66 | $204.57 | $0.00 | $406.20 | $72,452.43 |
| 196 | $72,452.43 | $204.57 | $0.00 | $409.66 | $73,066.66 |
| 197 | $73,066.66 | $204.57 | $0.00 | $413.13 | $73,684.36 |
| 198 | $73,684.36 | $204.57 | $0.00 | $416.62 | $74,305.55 |
| 199 | $74,305.55 | $204.57 | $0.00 | $420.13 | $74,930.25 |
| 200 | $74,930.25 | $204.57 | $0.00 | $423.67 | $75,558.49 |
| 201 | $75,558.49 | $204.57 | $0.00 | $427.22 | $76,190.28 |
| 202 | $76,190.28 | $204.57 | $0.00 | $430.79 | $76,825.64 |
| 203 | $76,825.64 | $204.57 | $0.00 | $434.38 | $77,464.59 |
| 204 | $77,464.59 | $204.57 | $0.00 | $438.00 | $78,107.16 |
| 205 | $78,107.16 | $204.57 | $0.00 | $441.63 | $78,753.36 |
| 206 | $78,753.36 | $204.57 | $0.00 | $445.28 | $79,403.21 |
| 207 | $79,403.21 | $204.57 | $0.00 | $448.96 | $80,056.74 |
| 208 | $80,056.74 | $204.57 | $0.00 | $452.65 | $80,713.96 |
| 209 | $80,713.96 | $204.57 | $0.00 | $456.37 | $81,374.90 |
| 210 | $81,374.90 | $204.57 | $0.00 | $460.11 | $82,039.58 |
| 211 | $82,039.58 | $204.57 | $0.00 | $463.86 | $82,708.01 |
| 212 | $82,708.01 | $204.57 | $0.00 | $467.64 | $83,380.22 |
| 213 | $83,380.22 | $204.57 | $0.00 | $471.44 | $84,056.23 |
| 214 | $84,056.23 | $204.57 | $0.00 | $475.27 | $84,736.07 |
| 215 | $84,736.07 | $204.57 | $0.00 | $479.11 | $85,419.75 |
| 216 | $85,419.75 | $204.57 | $0.00 | $482.98 | $86,107.30 |
| 217 | $86,107.30 | $204.57 | $44,907.51 | $486.86 | $41,891.22 |
| 218 | $41,891.22 | $204.57 | $0.00 | $236.86 | $42,332.65 |
| 219 | $42,332.65 | $204.57 | $0.00 | $239.35 | $42,776.57 |
| 220 | $42,776.57 | $204.57 | $0.00 | $241.86 | $43,223.00 |
| 221 | $43,223.00 | $204.57 | $0.00 | $244.39 | $43,671.96 |
| 222 | $43,671.96 | $204.57 | $0.00 | $246.93 | $44,123.46 |
| 223 | $44,123.46 | $204.57 | $0.00 | $249.48 | $44,577.51 |
| 224 | $44,577.51 | $204.57 | $0.00 | $252.05 | $45,034.13 |
| 225 | $45,034.13 | $204.57 | $0.00 | $254.63 | $45,493.33 |
| 226 | $45,493.33 | $204.57 | $0.00 | $257.23 | $45,955.13 |
| 227 | $45,955.13 | $204.57 | $0.00 | $259.84 | $46,419.54 |
| 228 | $46,419.54 | $204.57 | $0.00 | $262.46 | $46,886.57 |
| 229 | $46,886.57 | $0.00 | $47,152.89 | $265.10 | ($1.22) |