Savings Plan and Future Cost Estimation for University of Maine at Machias

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$75,716
Monthly savings required$598

How much will it cost to send your child to University of Maine at Machias in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $302,865.35 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $598.41 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$20,182.00
Years until enrollment18
Annual Tuition Increase7%
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 Machias in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $598.41 $0.00 $0.00 $598.41
2 $598.41 $598.41 $0.00 $3.38 $1,200.20
3 $1,200.20 $598.41 $0.00 $6.79 $1,805.40
4 $1,805.40 $598.41 $0.00 $10.21 $2,414.02
5 $2,414.02 $598.41 $0.00 $13.65 $3,026.08
6 $3,026.08 $598.41 $0.00 $17.11 $3,641.60
7 $3,641.60 $598.41 $0.00 $20.59 $4,260.60
8 $4,260.60 $598.41 $0.00 $24.09 $4,883.10
9 $4,883.10 $598.41 $0.00 $27.61 $5,509.12
10 $5,509.12 $598.41 $0.00 $31.15 $6,138.68
11 $6,138.68 $598.41 $0.00 $34.71 $6,771.80
12 $6,771.80 $598.41 $0.00 $38.29 $7,408.50
13 $7,408.50 $598.41 $0.00 $41.89 $8,048.80
14 $8,048.80 $598.41 $0.00 $45.51 $8,692.72
15 $8,692.72 $598.41 $0.00 $49.15 $9,340.28
16 $9,340.28 $598.41 $0.00 $52.81 $9,991.50
17 $9,991.50 $598.41 $0.00 $56.49 $10,646.40
18 $10,646.40 $598.41 $0.00 $60.20 $11,305.01
19 $11,305.01 $598.41 $0.00 $63.92 $11,967.34
20 $11,967.34 $598.41 $0.00 $67.67 $12,633.42
21 $12,633.42 $598.41 $0.00 $71.43 $13,303.26
22 $13,303.26 $598.41 $0.00 $75.22 $13,976.89
23 $13,976.89 $598.41 $0.00 $79.03 $14,654.33
24 $14,654.33 $598.41 $0.00 $82.86 $15,335.60
25 $15,335.60 $598.41 $0.00 $86.71 $16,020.72
26 $16,020.72 $598.41 $0.00 $90.58 $16,709.71
27 $16,709.71 $598.41 $0.00 $94.48 $17,402.60
28 $17,402.60 $598.41 $0.00 $98.40 $18,099.41
29 $18,099.41 $598.41 $0.00 $102.34 $18,800.16
30 $18,800.16 $598.41 $0.00 $106.30 $19,504.87
31 $19,504.87 $598.41 $0.00 $110.28 $20,213.56
32 $20,213.56 $598.41 $0.00 $114.29 $20,926.26
33 $20,926.26 $598.41 $0.00 $118.32 $21,642.99
34 $21,642.99 $598.41 $0.00 $122.37 $22,363.77
35 $22,363.77 $598.41 $0.00 $126.45 $23,088.63
36 $23,088.63 $598.41 $0.00 $130.55 $23,817.59
37 $23,817.59 $598.41 $0.00 $134.67 $24,550.67
38 $24,550.67 $598.41 $0.00 $138.81 $25,287.89
39 $25,287.89 $598.41 $0.00 $142.98 $26,029.28
40 $26,029.28 $598.41 $0.00 $147.17 $26,774.86
41 $26,774.86 $598.41 $0.00 $151.39 $27,524.66
42 $27,524.66 $598.41 $0.00 $155.63 $28,278.70
43 $28,278.70 $598.41 $0.00 $159.89 $29,037.00
44 $29,037.00 $598.41 $0.00 $164.18 $29,799.59
45 $29,799.59 $598.41 $0.00 $168.49 $30,566.49
46 $30,566.49 $598.41 $0.00 $172.83 $31,337.73
47 $31,337.73 $598.41 $0.00 $177.19 $32,113.33
48 $32,113.33 $598.41 $0.00 $181.57 $32,893.31
49 $32,893.31 $598.41 $0.00 $185.98 $33,677.70
50 $33,677.70 $598.41 $0.00 $190.42 $34,466.53
51 $34,466.53 $598.41 $0.00 $194.88 $35,259.82
52 $35,259.82 $598.41 $0.00 $199.36 $36,057.59
53 $36,057.59 $598.41 $0.00 $203.87 $36,859.87
54 $36,859.87 $598.41 $0.00 $208.41 $37,666.69
55 $37,666.69 $598.41 $0.00 $212.97 $38,478.07
56 $38,478.07 $598.41 $0.00 $217.56 $39,294.04
57 $39,294.04 $598.41 $0.00 $222.17 $40,114.62
58 $40,114.62 $598.41 $0.00 $226.81 $40,939.84
59 $40,939.84 $598.41 $0.00 $231.48 $41,769.73
60 $41,769.73 $598.41 $0.00 $236.17 $42,604.31
61 $42,604.31 $598.41 $0.00 $240.89 $43,443.61
62 $43,443.61 $598.41 $0.00 $245.64 $44,287.66
63 $44,287.66 $598.41 $0.00 $250.41 $45,136.48
64 $45,136.48 $598.41 $0.00 $255.21 $45,990.10
65 $45,990.10 $598.41 $0.00 $260.03 $46,848.54
66 $46,848.54 $598.41 $0.00 $264.89 $47,711.84
67 $47,711.84 $598.41 $0.00 $269.77 $48,580.02
68 $48,580.02 $598.41 $0.00 $274.68 $49,453.11
69 $49,453.11 $598.41 $0.00 $279.62 $50,331.14
70 $50,331.14 $598.41 $0.00 $284.58 $51,214.13
71 $51,214.13 $598.41 $0.00 $289.57 $52,102.11
72 $52,102.11 $598.41 $0.00 $294.59 $52,995.11
73 $52,995.11 $598.41 $0.00 $299.64 $53,893.16
74 $53,893.16 $598.41 $0.00 $304.72 $54,796.29
75 $54,796.29 $598.41 $0.00 $309.83 $55,704.53
76 $55,704.53 $598.41 $0.00 $314.96 $56,617.90
77 $56,617.90 $598.41 $0.00 $320.13 $57,536.44
78 $57,536.44 $598.41 $0.00 $325.32 $58,460.17
79 $58,460.17 $598.41 $0.00 $330.54 $59,389.12
80 $59,389.12 $598.41 $0.00 $335.79 $60,323.32
81 $60,323.32 $598.41 $0.00 $341.08 $61,262.81
82 $61,262.81 $598.41 $0.00 $346.39 $62,207.61
83 $62,207.61 $598.41 $0.00 $351.73 $63,157.75
84 $63,157.75 $598.41 $0.00 $357.10 $64,113.26
85 $64,113.26 $598.41 $0.00 $362.51 $65,074.18
86 $65,074.18 $598.41 $0.00 $367.94 $66,040.53
87 $66,040.53 $598.41 $0.00 $373.40 $67,012.34
88 $67,012.34 $598.41 $0.00 $378.90 $67,989.65
89 $67,989.65 $598.41 $0.00 $384.42 $68,972.48
90 $68,972.48 $598.41 $0.00 $389.98 $69,960.87
91 $69,960.87 $598.41 $0.00 $395.57 $70,954.85
92 $70,954.85 $598.41 $0.00 $401.19 $71,954.45
93 $71,954.45 $598.41 $0.00 $406.84 $72,959.70
94 $72,959.70 $598.41 $0.00 $412.52 $73,970.63
95 $73,970.63 $598.41 $0.00 $418.24 $74,987.28
96 $74,987.28 $598.41 $0.00 $423.99 $76,009.68
97 $76,009.68 $598.41 $0.00 $429.77 $77,037.86
98 $77,037.86 $598.41 $0.00 $435.58 $78,071.85
99 $78,071.85 $598.41 $0.00 $441.43 $79,111.69
100 $79,111.69 $598.41 $0.00 $447.31 $80,157.41
101 $80,157.41 $598.41 $0.00 $453.22 $81,209.04
102 $81,209.04 $598.41 $0.00 $459.17 $82,266.62
103 $82,266.62 $598.41 $0.00 $465.15 $83,330.18
104 $83,330.18 $598.41 $0.00 $471.16 $84,399.75
105 $84,399.75 $598.41 $0.00 $477.21 $85,475.37
106 $85,475.37 $598.41 $0.00 $483.29 $86,557.07
107 $86,557.07 $598.41 $0.00 $489.41 $87,644.89
108 $87,644.89 $598.41 $0.00 $495.56 $88,738.86
109 $88,738.86 $598.41 $0.00 $501.74 $89,839.01
110 $89,839.01 $598.41 $0.00 $507.96 $90,945.38
111 $90,945.38 $598.41 $0.00 $514.22 $92,058.01
112 $92,058.01 $598.41 $0.00 $520.51 $93,176.93
113 $93,176.93 $598.41 $0.00 $526.84 $94,302.18
114 $94,302.18 $598.41 $0.00 $533.20 $95,433.79
115 $95,433.79 $598.41 $0.00 $539.60 $96,571.80
116 $96,571.80 $598.41 $0.00 $546.03 $97,716.24
117 $97,716.24 $598.41 $0.00 $552.50 $98,867.15
118 $98,867.15 $598.41 $0.00 $559.01 $100,024.57
119 $100,024.57 $598.41 $0.00 $565.55 $101,188.53
120 $101,188.53 $598.41 $0.00 $572.13 $102,359.07
121 $102,359.07 $598.41 $0.00 $578.75 $103,536.23
122 $103,536.23 $598.41 $0.00 $585.41 $104,720.05
123 $104,720.05 $598.41 $0.00 $592.10 $105,910.56
124 $105,910.56 $598.41 $0.00 $598.83 $107,107.80
125 $107,107.80 $598.41 $0.00 $605.60 $108,311.81
126 $108,311.81 $598.41 $0.00 $612.41 $109,522.63
127 $109,522.63 $598.41 $0.00 $619.26 $110,740.30
128 $110,740.30 $598.41 $0.00 $626.14 $111,964.85
129 $111,964.85 $598.41 $0.00 $633.07 $113,196.33
130 $113,196.33 $598.41 $0.00 $640.03 $114,434.77
131 $114,434.77 $598.41 $0.00 $647.03 $115,680.21
132 $115,680.21 $598.41 $0.00 $654.07 $116,932.69
133 $116,932.69 $598.41 $0.00 $661.15 $118,192.25
134 $118,192.25 $598.41 $0.00 $668.28 $119,458.94
135 $119,458.94 $598.41 $0.00 $675.44 $120,732.79
136 $120,732.79 $598.41 $0.00 $682.64 $122,013.84
137 $122,013.84 $598.41 $0.00 $689.88 $123,302.13
138 $123,302.13 $598.41 $0.00 $697.17 $124,597.71
139 $124,597.71 $598.41 $0.00 $704.49 $125,900.61
140 $125,900.61 $598.41 $0.00 $711.86 $127,210.88
141 $127,210.88 $598.41 $0.00 $719.27 $128,528.56
142 $128,528.56 $598.41 $0.00 $726.72 $129,853.69
143 $129,853.69 $598.41 $0.00 $734.21 $131,186.31
144 $131,186.31 $598.41 $0.00 $741.75 $132,526.47
145 $132,526.47 $598.41 $0.00 $749.32 $133,874.20
146 $133,874.20 $598.41 $0.00 $756.94 $135,229.55
147 $135,229.55 $598.41 $0.00 $764.61 $136,592.57
148 $136,592.57 $598.41 $0.00 $772.31 $137,963.29
149 $137,963.29 $598.41 $0.00 $780.06 $139,341.76
150 $139,341.76 $598.41 $0.00 $787.86 $140,728.03
151 $140,728.03 $598.41 $0.00 $795.70 $142,122.14
152 $142,122.14 $598.41 $0.00 $803.58 $143,524.13
153 $143,524.13 $598.41 $0.00 $811.51 $144,934.05
154 $144,934.05 $598.41 $0.00 $819.48 $146,351.94
155 $146,351.94 $598.41 $0.00 $827.50 $147,777.85
156 $147,777.85 $598.41 $0.00 $835.56 $149,211.82
157 $149,211.82 $598.41 $0.00 $843.67 $150,653.90
158 $150,653.90 $598.41 $0.00 $851.82 $152,104.13
159 $152,104.13 $598.41 $0.00 $860.02 $153,562.56
160 $153,562.56 $598.41 $0.00 $868.27 $155,029.24
161 $155,029.24 $598.41 $0.00 $876.56 $156,504.21
162 $156,504.21 $598.41 $0.00 $884.90 $157,987.52
163 $157,987.52 $598.41 $0.00 $893.28 $159,479.21
164 $159,479.21 $598.41 $0.00 $901.72 $160,979.34
165 $160,979.34 $598.41 $0.00 $910.20 $162,487.95
166 $162,487.95 $598.41 $0.00 $918.73 $164,005.09
167 $164,005.09 $598.41 $0.00 $927.31 $165,530.81
168 $165,530.81 $598.41 $0.00 $935.94 $167,065.16
169 $167,065.16 $598.41 $0.00 $944.61 $168,608.18
170 $168,608.18 $598.41 $0.00 $953.34 $170,159.93
171 $170,159.93 $598.41 $0.00 $962.11 $171,720.45
172 $171,720.45 $598.41 $0.00 $970.93 $173,289.79
173 $173,289.79 $598.41 $0.00 $979.81 $174,868.01
174 $174,868.01 $598.41 $0.00 $988.73 $176,455.15
175 $176,455.15 $598.41 $0.00 $997.70 $178,051.26
176 $178,051.26 $598.41 $0.00 $1,006.73 $179,656.40
177 $179,656.40 $598.41 $0.00 $1,015.80 $181,270.61
178 $181,270.61 $598.41 $0.00 $1,024.93 $182,893.95
179 $182,893.95 $598.41 $0.00 $1,034.11 $184,526.47
180 $184,526.47 $598.41 $0.00 $1,043.34 $186,168.22
181 $186,168.22 $598.41 $0.00 $1,052.62 $187,819.25
182 $187,819.25 $598.41 $0.00 $1,061.96 $189,479.62
183 $189,479.62 $598.41 $0.00 $1,071.35 $191,149.38
184 $191,149.38 $598.41 $0.00 $1,080.79 $192,828.58
185 $192,828.58 $598.41 $0.00 $1,090.28 $194,517.27
186 $194,517.27 $598.41 $0.00 $1,099.83 $196,215.51
187 $196,215.51 $598.41 $0.00 $1,109.43 $197,923.35
188 $197,923.35 $598.41 $0.00 $1,119.09 $199,640.85
189 $199,640.85 $598.41 $0.00 $1,128.80 $201,368.06
190 $201,368.06 $598.41 $0.00 $1,138.56 $203,105.03
191 $203,105.03 $598.41 $0.00 $1,148.39 $204,851.83
192 $204,851.83 $598.41 $0.00 $1,158.26 $206,608.50
193 $206,608.50 $598.41 $0.00 $1,168.19 $208,375.10
194 $208,375.10 $598.41 $0.00 $1,178.18 $210,151.69
195 $210,151.69 $598.41 $0.00 $1,188.23 $211,938.33
196 $211,938.33 $598.41 $0.00 $1,198.33 $213,735.07
197 $213,735.07 $598.41 $0.00 $1,208.49 $215,541.97
198 $215,541.97 $598.41 $0.00 $1,218.71 $217,359.09
199 $217,359.09 $598.41 $0.00 $1,228.98 $219,186.48
200 $219,186.48 $598.41 $0.00 $1,239.31 $221,024.20
201 $221,024.20 $598.41 $0.00 $1,249.70 $222,872.31
202 $222,872.31 $598.41 $0.00 $1,260.15 $224,730.87
203 $224,730.87 $598.41 $0.00 $1,270.66 $226,599.94
204 $226,599.94 $598.41 $0.00 $1,281.23 $228,479.58
205 $228,479.58 $598.41 $0.00 $1,291.86 $230,369.85
206 $230,369.85 $598.41 $0.00 $1,302.54 $232,270.80
207 $232,270.80 $598.41 $0.00 $1,313.29 $234,182.50
208 $234,182.50 $598.41 $0.00 $1,324.10 $236,105.01
209 $236,105.01 $598.41 $0.00 $1,334.97 $238,038.39
210 $238,038.39 $598.41 $0.00 $1,345.90 $239,982.70
211 $239,982.70 $598.41 $0.00 $1,356.90 $241,938.01
212 $241,938.01 $598.41 $0.00 $1,367.95 $243,904.37
213 $243,904.37 $598.41 $0.00 $1,379.07 $245,881.85
214 $245,881.85 $598.41 $0.00 $1,390.25 $247,870.51
215 $247,870.51 $598.41 $0.00 $1,401.50 $249,870.42
216 $249,870.42 $598.41 $0.00 $1,412.80 $251,881.63
217 $251,881.63 $598.41 $68,213.79 $1,424.18 $185,690.43
218 $185,690.43 $598.41 $0.00 $1,049.92 $187,338.76
219 $187,338.76 $598.41 $0.00 $1,059.24 $188,996.41
220 $188,996.41 $598.41 $0.00 $1,068.61 $190,663.43
221 $190,663.43 $598.41 $0.00 $1,078.04 $192,339.88
222 $192,339.88 $598.41 $0.00 $1,087.52 $194,025.81
223 $194,025.81 $598.41 $0.00 $1,097.05 $195,721.27
224 $195,721.27 $598.41 $0.00 $1,106.64 $197,426.32
225 $197,426.32 $598.41 $0.00 $1,116.28 $199,141.01
226 $199,141.01 $598.41 $0.00 $1,125.97 $200,865.39
227 $200,865.39 $598.41 $0.00 $1,135.72 $202,599.52
228 $202,599.52 $598.41 $0.00 $1,145.53 $204,343.46
229 $204,343.46 $598.41 $72,988.76 $1,155.39 $133,108.50
230 $133,108.50 $598.41 $0.00 $752.61 $134,459.52
231 $134,459.52 $598.41 $0.00 $760.25 $135,818.18
232 $135,818.18 $598.41 $0.00 $767.94 $137,184.53
233 $137,184.53 $598.41 $0.00 $775.66 $138,558.60
234 $138,558.60 $598.41 $0.00 $783.43 $139,940.44
235 $139,940.44 $598.41 $0.00 $791.24 $141,330.09
236 $141,330.09 $598.41 $0.00 $799.10 $142,727.60
237 $142,727.60 $598.41 $0.00 $807.00 $144,133.01
238 $144,133.01 $598.41 $0.00 $814.95 $145,546.37
239 $145,546.37 $598.41 $0.00 $822.94 $146,967.72
240 $146,967.72 $598.41 $0.00 $830.98 $148,397.11
241 $148,397.11 $598.41 $78,097.97 $839.06 $71,736.61
242 $71,736.61 $598.41 $0.00 $405.61 $72,740.63
243 $72,740.63 $598.41 $0.00 $411.29 $73,750.33
244 $73,750.33 $598.41 $0.00 $417.00 $74,765.74
245 $74,765.74 $598.41 $0.00 $422.74 $75,786.89
246 $75,786.89 $598.41 $0.00 $428.51 $76,813.81
247 $76,813.81 $598.41 $0.00 $434.32 $77,846.54
248 $77,846.54 $598.41 $0.00 $440.16 $78,885.11
249 $78,885.11 $598.41 $0.00 $446.03 $79,929.55
250 $79,929.55 $598.41 $0.00 $451.93 $80,979.89
251 $80,979.89 $598.41 $0.00 $457.87 $82,036.17
252 $82,036.17 $598.41 $0.00 $463.84 $83,098.42
253 $83,098.42 $0.00 $83,564.83 $469.85 $3.44