Quantcast

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$51,366
Monthly savings required$407

How much will it cost to send your child to University of Maine at Augusta in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $205,465.01 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $406.60 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$19,808.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford University of Maine at Augusta in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $406.60 $0.00 $0.00 $406.60
2 $406.60 $406.60 $0.00 $2.30 $815.50
3 $815.50 $406.60 $0.00 $4.61 $1,226.71
4 $1,226.71 $406.60 $0.00 $6.94 $1,640.25
5 $1,640.25 $406.60 $0.00 $9.27 $2,056.12
6 $2,056.12 $406.60 $0.00 $11.63 $2,474.35
7 $2,474.35 $406.60 $0.00 $13.99 $2,894.94
8 $2,894.94 $406.60 $0.00 $16.37 $3,317.91
9 $3,317.91 $406.60 $0.00 $18.76 $3,743.27
10 $3,743.27 $406.60 $0.00 $21.16 $4,171.03
11 $4,171.03 $406.60 $0.00 $23.58 $4,601.21
12 $4,601.21 $406.60 $0.00 $26.02 $5,033.83
13 $5,033.83 $406.60 $0.00 $28.46 $5,468.89
14 $5,468.89 $406.60 $0.00 $30.92 $5,906.41
15 $5,906.41 $406.60 $0.00 $33.40 $6,346.41
16 $6,346.41 $406.60 $0.00 $35.88 $6,788.89
17 $6,788.89 $406.60 $0.00 $38.39 $7,233.88
18 $7,233.88 $406.60 $0.00 $40.90 $7,681.38
19 $7,681.38 $406.60 $0.00 $43.43 $8,131.41
20 $8,131.41 $406.60 $0.00 $45.98 $8,583.99
21 $8,583.99 $406.60 $0.00 $48.54 $9,039.13
22 $9,039.13 $406.60 $0.00 $51.11 $9,496.84
23 $9,496.84 $406.60 $0.00 $53.70 $9,957.14
24 $9,957.14 $406.60 $0.00 $56.30 $10,420.04
25 $10,420.04 $406.60 $0.00 $58.92 $10,885.56
26 $10,885.56 $406.60 $0.00 $61.55 $11,353.71
27 $11,353.71 $406.60 $0.00 $64.20 $11,824.51
28 $11,824.51 $406.60 $0.00 $66.86 $12,297.97
29 $12,297.97 $406.60 $0.00 $69.53 $12,774.10
30 $12,774.10 $406.60 $0.00 $72.23 $13,252.93
31 $13,252.93 $406.60 $0.00 $74.93 $13,734.46
32 $13,734.46 $406.60 $0.00 $77.66 $14,218.72
33 $14,218.72 $406.60 $0.00 $80.39 $14,705.71
34 $14,705.71 $406.60 $0.00 $83.15 $15,195.46
35 $15,195.46 $406.60 $0.00 $85.92 $15,687.98
36 $15,687.98 $406.60 $0.00 $88.70 $16,183.28
37 $16,183.28 $406.60 $0.00 $91.50 $16,681.38
38 $16,681.38 $406.60 $0.00 $94.32 $17,182.30
39 $17,182.30 $406.60 $0.00 $97.15 $17,686.05
40 $17,686.05 $406.60 $0.00 $100.00 $18,192.65
41 $18,192.65 $406.60 $0.00 $102.86 $18,702.11
42 $18,702.11 $406.60 $0.00 $105.74 $19,214.45
43 $19,214.45 $406.60 $0.00 $108.64 $19,729.69
44 $19,729.69 $406.60 $0.00 $111.55 $20,247.84
45 $20,247.84 $406.60 $0.00 $114.48 $20,768.92
46 $20,768.92 $406.60 $0.00 $117.43 $21,292.95
47 $21,292.95 $406.60 $0.00 $120.39 $21,819.94
48 $21,819.94 $406.60 $0.00 $123.37 $22,349.91
49 $22,349.91 $406.60 $0.00 $126.37 $22,882.88
50 $22,882.88 $406.60 $0.00 $129.38 $23,418.86
51 $23,418.86 $406.60 $0.00 $132.41 $23,957.87
52 $23,957.87 $406.60 $0.00 $135.46 $24,499.93
53 $24,499.93 $406.60 $0.00 $138.53 $25,045.06
54 $25,045.06 $406.60 $0.00 $141.61 $25,593.27
55 $25,593.27 $406.60 $0.00 $144.71 $26,144.58
56 $26,144.58 $406.60 $0.00 $147.83 $26,699.01
57 $26,699.01 $406.60 $0.00 $150.96 $27,256.57
58 $27,256.57 $406.60 $0.00 $154.11 $27,817.28
59 $27,817.28 $406.60 $0.00 $157.28 $28,381.16
60 $28,381.16 $406.60 $0.00 $160.47 $28,948.23
61 $28,948.23 $406.60 $0.00 $163.68 $29,518.51
62 $29,518.51 $406.60 $0.00 $166.90 $30,092.01
63 $30,092.01 $406.60 $0.00 $170.14 $30,668.75
64 $30,668.75 $406.60 $0.00 $173.41 $31,248.76
65 $31,248.76 $406.60 $0.00 $176.69 $31,832.05
66 $31,832.05 $406.60 $0.00 $179.98 $32,418.63
67 $32,418.63 $406.60 $0.00 $183.30 $33,008.53
68 $33,008.53 $406.60 $0.00 $186.64 $33,601.77
69 $33,601.77 $406.60 $0.00 $189.99 $34,198.36
70 $34,198.36 $406.60 $0.00 $193.36 $34,798.32
71 $34,798.32 $406.60 $0.00 $196.75 $35,401.67
72 $35,401.67 $406.60 $0.00 $200.17 $36,008.44
73 $36,008.44 $406.60 $0.00 $203.60 $36,618.64
74 $36,618.64 $406.60 $0.00 $207.05 $37,232.29
75 $37,232.29 $406.60 $0.00 $210.52 $37,849.41
76 $37,849.41 $406.60 $0.00 $214.01 $38,470.02
77 $38,470.02 $406.60 $0.00 $217.52 $39,094.14
78 $39,094.14 $406.60 $0.00 $221.04 $39,721.78
79 $39,721.78 $406.60 $0.00 $224.59 $40,352.97
80 $40,352.97 $406.60 $0.00 $228.16 $40,987.73
81 $40,987.73 $406.60 $0.00 $231.75 $41,626.08
82 $41,626.08 $406.60 $0.00 $235.36 $42,268.04
83 $42,268.04 $406.60 $0.00 $238.99 $42,913.63
84 $42,913.63 $406.60 $0.00 $242.64 $43,562.87
85 $43,562.87 $406.60 $0.00 $246.31 $44,215.78
86 $44,215.78 $406.60 $0.00 $250.00 $44,872.38
87 $44,872.38 $406.60 $0.00 $253.71 $45,532.69
88 $45,532.69 $406.60 $0.00 $257.45 $46,196.74
89 $46,196.74 $406.60 $0.00 $261.20 $46,864.54
90 $46,864.54 $406.60 $0.00 $264.98 $47,536.12
91 $47,536.12 $406.60 $0.00 $268.78 $48,211.50
92 $48,211.50 $406.60 $0.00 $272.59 $48,890.69
93 $48,890.69 $406.60 $0.00 $276.44 $49,573.73
94 $49,573.73 $406.60 $0.00 $280.30 $50,260.63
95 $50,260.63 $406.60 $0.00 $284.18 $50,951.41
96 $50,951.41 $406.60 $0.00 $288.09 $51,646.10
97 $51,646.10 $406.60 $0.00 $292.01 $52,344.71
98 $52,344.71 $406.60 $0.00 $295.96 $53,047.27
99 $53,047.27 $406.60 $0.00 $299.94 $53,753.81
100 $53,753.81 $406.60 $0.00 $303.93 $54,464.34
101 $54,464.34 $406.60 $0.00 $307.95 $55,178.89
102 $55,178.89 $406.60 $0.00 $311.99 $55,897.48
103 $55,897.48 $406.60 $0.00 $316.05 $56,620.13
104 $56,620.13 $406.60 $0.00 $320.14 $57,346.87
105 $57,346.87 $406.60 $0.00 $324.25 $58,077.72
106 $58,077.72 $406.60 $0.00 $328.38 $58,812.70
107 $58,812.70 $406.60 $0.00 $332.54 $59,551.84
108 $59,551.84 $406.60 $0.00 $336.71 $60,295.15
109 $60,295.15 $406.60 $0.00 $340.92 $61,042.67
110 $61,042.67 $406.60 $0.00 $345.14 $61,794.41
111 $61,794.41 $406.60 $0.00 $349.39 $62,550.40
112 $62,550.40 $406.60 $0.00 $353.67 $63,310.67
113 $63,310.67 $406.60 $0.00 $357.97 $64,075.24
114 $64,075.24 $406.60 $0.00 $362.29 $64,844.13
115 $64,844.13 $406.60 $0.00 $366.64 $65,617.37
116 $65,617.37 $406.60 $0.00 $371.01 $66,394.98
117 $66,394.98 $406.60 $0.00 $375.41 $67,176.99
118 $67,176.99 $406.60 $0.00 $379.83 $67,963.42
119 $67,963.42 $406.60 $0.00 $384.28 $68,754.30
120 $68,754.30 $406.60 $0.00 $388.75 $69,549.65
121 $69,549.65 $406.60 $0.00 $393.24 $70,349.49
122 $70,349.49 $406.60 $0.00 $397.77 $71,153.86
123 $71,153.86 $406.60 $0.00 $402.31 $71,962.77
124 $71,962.77 $406.60 $0.00 $406.89 $72,776.26
125 $72,776.26 $406.60 $0.00 $411.49 $73,594.35
126 $73,594.35 $406.60 $0.00 $416.11 $74,417.06
127 $74,417.06 $406.60 $0.00 $420.76 $75,244.42
128 $75,244.42 $406.60 $0.00 $425.44 $76,076.46
129 $76,076.46 $406.60 $0.00 $430.15 $76,913.21
130 $76,913.21 $406.60 $0.00 $434.88 $77,754.69
131 $77,754.69 $406.60 $0.00 $439.64 $78,600.93
132 $78,600.93 $406.60 $0.00 $444.42 $79,451.95
133 $79,451.95 $406.60 $0.00 $449.23 $80,307.78
134 $80,307.78 $406.60 $0.00 $454.07 $81,168.45
135 $81,168.45 $406.60 $0.00 $458.94 $82,033.99
136 $82,033.99 $406.60 $0.00 $463.83 $82,904.42
137 $82,904.42 $406.60 $0.00 $468.75 $83,779.77
138 $83,779.77 $406.60 $0.00 $473.70 $84,660.07
139 $84,660.07 $406.60 $0.00 $478.68 $85,545.35
140 $85,545.35 $406.60 $0.00 $483.69 $86,435.64
141 $86,435.64 $406.60 $0.00 $488.72 $87,330.96
142 $87,330.96 $406.60 $0.00 $493.78 $88,231.34
143 $88,231.34 $406.60 $0.00 $498.87 $89,136.81
144 $89,136.81 $406.60 $0.00 $503.99 $90,047.40
145 $90,047.40 $406.60 $0.00 $509.14 $90,963.14
146 $90,963.14 $406.60 $0.00 $514.32 $91,884.06
147 $91,884.06 $406.60 $0.00 $519.53 $92,810.19
148 $92,810.19 $406.60 $0.00 $524.76 $93,741.55
149 $93,741.55 $406.60 $0.00 $530.03 $94,678.18
150 $94,678.18 $406.60 $0.00 $535.32 $95,620.10
151 $95,620.10 $406.60 $0.00 $540.65 $96,567.35
152 $96,567.35 $406.60 $0.00 $546.01 $97,519.96
153 $97,519.96 $406.60 $0.00 $551.39 $98,477.95
154 $98,477.95 $406.60 $0.00 $556.81 $99,441.36
155 $99,441.36 $406.60 $0.00 $562.26 $100,410.22
156 $100,410.22 $406.60 $0.00 $567.73 $101,384.55
157 $101,384.55 $406.60 $0.00 $573.24 $102,364.39
158 $102,364.39 $406.60 $0.00 $578.78 $103,349.77
159 $103,349.77 $406.60 $0.00 $584.35 $104,340.72
160 $104,340.72 $406.60 $0.00 $589.96 $105,337.28
161 $105,337.28 $406.60 $0.00 $595.59 $106,339.47
162 $106,339.47 $406.60 $0.00 $601.26 $107,347.33
163 $107,347.33 $406.60 $0.00 $606.96 $108,360.89
164 $108,360.89 $406.60 $0.00 $612.69 $109,380.18
165 $109,380.18 $406.60 $0.00 $618.45 $110,405.23
166 $110,405.23 $406.60 $0.00 $624.25 $111,436.08
167 $111,436.08 $406.60 $0.00 $630.08 $112,472.76
168 $112,472.76 $406.60 $0.00 $635.94 $113,515.30
169 $113,515.30 $406.60 $0.00 $641.83 $114,563.73
170 $114,563.73 $406.60 $0.00 $647.76 $115,618.09
171 $115,618.09 $406.60 $0.00 $653.72 $116,678.41
172 $116,678.41 $406.60 $0.00 $659.72 $117,744.73
173 $117,744.73 $406.60 $0.00 $665.75 $118,817.08
174 $118,817.08 $406.60 $0.00 $671.81 $119,895.49
175 $119,895.49 $406.60 $0.00 $677.91 $120,980.00
176 $120,980.00 $406.60 $0.00 $684.04 $122,070.64
177 $122,070.64 $406.60 $0.00 $690.21 $123,167.45
178 $123,167.45 $406.60 $0.00 $696.41 $124,270.46
179 $124,270.46 $406.60 $0.00 $702.64 $125,379.70
180 $125,379.70 $406.60 $0.00 $708.92 $126,495.22
181 $126,495.22 $406.60 $0.00 $715.22 $127,617.04
182 $127,617.04 $406.60 $0.00 $721.57 $128,745.21
183 $128,745.21 $406.60 $0.00 $727.94 $129,879.75
184 $129,879.75 $406.60 $0.00 $734.36 $131,020.71
185 $131,020.71 $406.60 $0.00 $740.81 $132,168.12
186 $132,168.12 $406.60 $0.00 $747.30 $133,322.02
187 $133,322.02 $406.60 $0.00 $753.82 $134,482.44
188 $134,482.44 $406.60 $0.00 $760.38 $135,649.42
189 $135,649.42 $406.60 $0.00 $766.98 $136,823.00
190 $136,823.00 $406.60 $0.00 $773.62 $138,003.22
191 $138,003.22 $406.60 $0.00 $780.29 $139,190.11
192 $139,190.11 $406.60 $0.00 $787.00 $140,383.71
193 $140,383.71 $406.60 $0.00 $793.75 $141,584.06
194 $141,584.06 $406.60 $0.00 $800.54 $142,791.20
195 $142,791.20 $406.60 $0.00 $807.36 $144,005.16
196 $144,005.16 $406.60 $0.00 $814.23 $145,225.99
197 $145,225.99 $406.60 $0.00 $821.13 $146,453.72
198 $146,453.72 $406.60 $0.00 $828.07 $147,688.39
199 $147,688.39 $406.60 $0.00 $835.05 $148,930.04
200 $148,930.04 $406.60 $0.00 $842.07 $150,178.71
201 $150,178.71 $406.60 $0.00 $849.13 $151,434.44
202 $151,434.44 $406.60 $0.00 $856.23 $152,697.27
203 $152,697.27 $406.60 $0.00 $863.37 $153,967.24
204 $153,967.24 $406.60 $0.00 $870.55 $155,244.39
205 $155,244.39 $406.60 $0.00 $877.77 $156,528.76
206 $156,528.76 $406.60 $0.00 $885.04 $157,820.40
207 $157,820.40 $406.60 $0.00 $892.34 $159,119.34
208 $159,119.34 $406.60 $0.00 $899.68 $160,425.62
209 $160,425.62 $406.60 $0.00 $907.07 $161,739.29
210 $161,739.29 $406.60 $0.00 $914.50 $163,060.39
211 $163,060.39 $406.60 $0.00 $921.97 $164,388.96
212 $164,388.96 $406.60 $0.00 $929.48 $165,725.04
213 $165,725.04 $406.60 $0.00 $937.03 $167,068.67
214 $167,068.67 $406.60 $0.00 $944.63 $168,419.90
215 $168,419.90 $406.60 $0.00 $952.27 $169,778.77
216 $169,778.77 $406.60 $0.00 $959.95 $171,145.32
217 $171,145.32 $406.60 $47,670.31 $967.68 $124,849.29
218 $124,849.29 $406.60 $0.00 $705.92 $125,961.81
219 $125,961.81 $406.60 $0.00 $712.21 $127,080.62
220 $127,080.62 $406.60 $0.00 $718.53 $128,205.75
221 $128,205.75 $406.60 $0.00 $724.89 $129,337.24
222 $129,337.24 $406.60 $0.00 $731.29 $130,475.13
223 $130,475.13 $406.60 $0.00 $737.73 $131,619.46
224 $131,619.46 $406.60 $0.00 $744.20 $132,770.26
225 $132,770.26 $406.60 $0.00 $750.70 $133,927.56
226 $133,927.56 $406.60 $0.00 $757.25 $135,091.41
227 $135,091.41 $406.60 $0.00 $763.83 $136,261.84
228 $136,261.84 $406.60 $0.00 $770.44 $137,438.88
229 $137,438.88 $406.60 $50,053.83 $777.10 $88,568.75
230 $88,568.75 $406.60 $0.00 $500.78 $89,476.13
231 $89,476.13 $406.60 $0.00 $505.91 $90,388.64
232 $90,388.64 $406.60 $0.00 $511.07 $91,306.31
233 $91,306.31 $406.60 $0.00 $516.26 $92,229.17
234 $92,229.17 $406.60 $0.00 $521.48 $93,157.25
235 $93,157.25 $406.60 $0.00 $526.72 $94,090.57
236 $94,090.57 $406.60 $0.00 $532.00 $95,029.17
237 $95,029.17 $406.60 $0.00 $537.31 $95,973.08
238 $95,973.08 $406.60 $0.00 $542.65 $96,922.33
239 $96,922.33 $406.60 $0.00 $548.01 $97,876.94
240 $97,876.94 $406.60 $0.00 $553.41 $98,836.95
241 $98,836.95 $406.60 $52,556.52 $558.84 $47,245.87
242 $47,245.87 $406.60 $0.00 $267.14 $47,919.61
243 $47,919.61 $406.60 $0.00 $270.94 $48,597.15
244 $48,597.15 $406.60 $0.00 $274.78 $49,278.53
245 $49,278.53 $406.60 $0.00 $278.63 $49,963.76
246 $49,963.76 $406.60 $0.00 $282.50 $50,652.86
247 $50,652.86 $406.60 $0.00 $286.40 $51,345.86
248 $51,345.86 $406.60 $0.00 $290.32 $52,042.78
249 $52,042.78 $406.60 $0.00 $294.26 $52,743.64
250 $52,743.64 $406.60 $0.00 $298.22 $53,448.46
251 $53,448.46 $406.60 $0.00 $302.21 $54,157.27
252 $54,157.27 $406.60 $0.00 $306.21 $54,870.08
253 $54,870.08 $0.00 $55,184.35 $310.24 ($4.03)