How much will it cost and what do you need to save?
Estimated Annual Cost in 2040 | $52,336 |
Monthly savings required | $414 |
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 $209,344.45 for students enrolling in 2040 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $414.28 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 | $20,182.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 5% |
Current Savings | $0.00 |
After Tax Return on Savings | 7% |
Years of enrollment | 4 |
Discover how much will you need to start saving now to afford University of Maine at Machias in the future.
Month | Begin | Deposit | Withdraw | Interest | End |
---|---|---|---|---|---|
1 | $0.00 | $414.28 | $0.00 | $0.00 | $414.28 |
2 | $414.28 | $414.28 | $0.00 | $2.34 | $830.90 |
3 | $830.90 | $414.28 | $0.00 | $4.70 | $1,249.88 |
4 | $1,249.88 | $414.28 | $0.00 | $7.07 | $1,671.23 |
5 | $1,671.23 | $414.28 | $0.00 | $9.45 | $2,094.96 |
6 | $2,094.96 | $414.28 | $0.00 | $11.85 | $2,521.09 |
7 | $2,521.09 | $414.28 | $0.00 | $14.25 | $2,949.62 |
8 | $2,949.62 | $414.28 | $0.00 | $16.68 | $3,380.58 |
9 | $3,380.58 | $414.28 | $0.00 | $19.11 | $3,813.97 |
10 | $3,813.97 | $414.28 | $0.00 | $21.56 | $4,249.81 |
11 | $4,249.81 | $414.28 | $0.00 | $24.03 | $4,688.12 |
12 | $4,688.12 | $414.28 | $0.00 | $26.51 | $5,128.91 |
13 | $5,128.91 | $414.28 | $0.00 | $29.00 | $5,572.19 |
14 | $5,572.19 | $414.28 | $0.00 | $31.51 | $6,017.98 |
15 | $6,017.98 | $414.28 | $0.00 | $34.03 | $6,466.29 |
16 | $6,466.29 | $414.28 | $0.00 | $36.56 | $6,917.13 |
17 | $6,917.13 | $414.28 | $0.00 | $39.11 | $7,370.52 |
18 | $7,370.52 | $414.28 | $0.00 | $41.67 | $7,826.47 |
19 | $7,826.47 | $414.28 | $0.00 | $44.25 | $8,285.00 |
20 | $8,285.00 | $414.28 | $0.00 | $46.84 | $8,746.12 |
21 | $8,746.12 | $414.28 | $0.00 | $49.45 | $9,209.85 |
22 | $9,209.85 | $414.28 | $0.00 | $52.07 | $9,676.20 |
23 | $9,676.20 | $414.28 | $0.00 | $54.71 | $10,145.19 |
24 | $10,145.19 | $414.28 | $0.00 | $57.36 | $10,616.83 |
25 | $10,616.83 | $414.28 | $0.00 | $60.03 | $11,091.14 |
26 | $11,091.14 | $414.28 | $0.00 | $62.71 | $11,568.13 |
27 | $11,568.13 | $414.28 | $0.00 | $65.41 | $12,047.82 |
28 | $12,047.82 | $414.28 | $0.00 | $68.12 | $12,530.22 |
29 | $12,530.22 | $414.28 | $0.00 | $70.85 | $13,015.35 |
30 | $13,015.35 | $414.28 | $0.00 | $73.59 | $13,503.22 |
31 | $13,503.22 | $414.28 | $0.00 | $76.35 | $13,993.85 |
32 | $13,993.85 | $414.28 | $0.00 | $79.12 | $14,487.25 |
33 | $14,487.25 | $414.28 | $0.00 | $81.91 | $14,983.44 |
34 | $14,983.44 | $414.28 | $0.00 | $84.72 | $15,482.44 |
35 | $15,482.44 | $414.28 | $0.00 | $87.54 | $15,984.26 |
36 | $15,984.26 | $414.28 | $0.00 | $90.38 | $16,488.92 |
37 | $16,488.92 | $414.28 | $0.00 | $93.23 | $16,996.43 |
38 | $16,996.43 | $414.28 | $0.00 | $96.10 | $17,506.81 |
39 | $17,506.81 | $414.28 | $0.00 | $98.99 | $18,020.08 |
40 | $18,020.08 | $414.28 | $0.00 | $101.89 | $18,536.25 |
41 | $18,536.25 | $414.28 | $0.00 | $104.81 | $19,055.34 |
42 | $19,055.34 | $414.28 | $0.00 | $107.74 | $19,577.36 |
43 | $19,577.36 | $414.28 | $0.00 | $110.69 | $20,102.33 |
44 | $20,102.33 | $414.28 | $0.00 | $113.66 | $20,630.27 |
45 | $20,630.27 | $414.28 | $0.00 | $116.65 | $21,161.20 |
46 | $21,161.20 | $414.28 | $0.00 | $119.65 | $21,695.13 |
47 | $21,695.13 | $414.28 | $0.00 | $122.67 | $22,232.08 |
48 | $22,232.08 | $414.28 | $0.00 | $125.70 | $22,772.06 |
49 | $22,772.06 | $414.28 | $0.00 | $128.76 | $23,315.10 |
50 | $23,315.10 | $414.28 | $0.00 | $131.83 | $23,861.21 |
51 | $23,861.21 | $414.28 | $0.00 | $134.91 | $24,410.40 |
52 | $24,410.40 | $414.28 | $0.00 | $138.02 | $24,962.70 |
53 | $24,962.70 | $414.28 | $0.00 | $141.14 | $25,518.12 |
54 | $25,518.12 | $414.28 | $0.00 | $144.28 | $26,076.68 |
55 | $26,076.68 | $414.28 | $0.00 | $147.44 | $26,638.40 |
56 | $26,638.40 | $414.28 | $0.00 | $150.62 | $27,203.30 |
57 | $27,203.30 | $414.28 | $0.00 | $153.81 | $27,771.39 |
58 | $27,771.39 | $414.28 | $0.00 | $157.02 | $28,342.69 |
59 | $28,342.69 | $414.28 | $0.00 | $160.25 | $28,917.22 |
60 | $28,917.22 | $414.28 | $0.00 | $163.50 | $29,495.00 |
61 | $29,495.00 | $414.28 | $0.00 | $166.77 | $30,076.05 |
62 | $30,076.05 | $414.28 | $0.00 | $170.05 | $30,660.38 |
63 | $30,660.38 | $414.28 | $0.00 | $173.36 | $31,248.02 |
64 | $31,248.02 | $414.28 | $0.00 | $176.68 | $31,838.98 |
65 | $31,838.98 | $414.28 | $0.00 | $180.02 | $32,433.28 |
66 | $32,433.28 | $414.28 | $0.00 | $183.38 | $33,030.94 |
67 | $33,030.94 | $414.28 | $0.00 | $186.76 | $33,631.98 |
68 | $33,631.98 | $414.28 | $0.00 | $190.16 | $34,236.42 |
69 | $34,236.42 | $414.28 | $0.00 | $193.58 | $34,844.28 |
70 | $34,844.28 | $414.28 | $0.00 | $197.01 | $35,455.57 |
71 | $35,455.57 | $414.28 | $0.00 | $200.47 | $36,070.32 |
72 | $36,070.32 | $414.28 | $0.00 | $203.95 | $36,688.55 |
73 | $36,688.55 | $414.28 | $0.00 | $207.44 | $37,310.27 |
74 | $37,310.27 | $414.28 | $0.00 | $210.96 | $37,935.51 |
75 | $37,935.51 | $414.28 | $0.00 | $214.49 | $38,564.28 |
76 | $38,564.28 | $414.28 | $0.00 | $218.05 | $39,196.61 |
77 | $39,196.61 | $414.28 | $0.00 | $221.62 | $39,832.51 |
78 | $39,832.51 | $414.28 | $0.00 | $225.22 | $40,472.01 |
79 | $40,472.01 | $414.28 | $0.00 | $228.83 | $41,115.12 |
80 | $41,115.12 | $414.28 | $0.00 | $232.47 | $41,761.87 |
81 | $41,761.87 | $414.28 | $0.00 | $236.13 | $42,412.28 |
82 | $42,412.28 | $414.28 | $0.00 | $239.81 | $43,066.37 |
83 | $43,066.37 | $414.28 | $0.00 | $243.50 | $43,724.15 |
84 | $43,724.15 | $414.28 | $0.00 | $247.22 | $44,385.65 |
85 | $44,385.65 | $414.28 | $0.00 | $250.96 | $45,050.89 |
86 | $45,050.89 | $414.28 | $0.00 | $254.72 | $45,719.89 |
87 | $45,719.89 | $414.28 | $0.00 | $258.51 | $46,392.68 |
88 | $46,392.68 | $414.28 | $0.00 | $262.31 | $47,069.27 |
89 | $47,069.27 | $414.28 | $0.00 | $266.14 | $47,749.69 |
90 | $47,749.69 | $414.28 | $0.00 | $269.98 | $48,433.95 |
91 | $48,433.95 | $414.28 | $0.00 | $273.85 | $49,122.08 |
92 | $49,122.08 | $414.28 | $0.00 | $277.74 | $49,814.10 |
93 | $49,814.10 | $414.28 | $0.00 | $281.66 | $50,510.04 |
94 | $50,510.04 | $414.28 | $0.00 | $285.59 | $51,209.91 |
95 | $51,209.91 | $414.28 | $0.00 | $289.55 | $51,913.74 |
96 | $51,913.74 | $414.28 | $0.00 | $293.53 | $52,621.55 |
97 | $52,621.55 | $414.28 | $0.00 | $297.53 | $53,333.36 |
98 | $53,333.36 | $414.28 | $0.00 | $301.55 | $54,049.19 |
99 | $54,049.19 | $414.28 | $0.00 | $305.60 | $54,769.07 |
100 | $54,769.07 | $414.28 | $0.00 | $309.67 | $55,493.02 |
101 | $55,493.02 | $414.28 | $0.00 | $313.77 | $56,221.07 |
102 | $56,221.07 | $414.28 | $0.00 | $317.88 | $56,953.23 |
103 | $56,953.23 | $414.28 | $0.00 | $322.02 | $57,689.53 |
104 | $57,689.53 | $414.28 | $0.00 | $326.18 | $58,429.99 |
105 | $58,429.99 | $414.28 | $0.00 | $330.37 | $59,174.64 |
106 | $59,174.64 | $414.28 | $0.00 | $334.58 | $59,923.50 |
107 | $59,923.50 | $414.28 | $0.00 | $338.82 | $60,676.60 |
108 | $60,676.60 | $414.28 | $0.00 | $343.07 | $61,433.95 |
109 | $61,433.95 | $414.28 | $0.00 | $347.36 | $62,195.59 |
110 | $62,195.59 | $414.28 | $0.00 | $351.66 | $62,961.53 |
111 | $62,961.53 | $414.28 | $0.00 | $355.99 | $63,731.80 |
112 | $63,731.80 | $414.28 | $0.00 | $360.35 | $64,506.43 |
113 | $64,506.43 | $414.28 | $0.00 | $364.73 | $65,285.44 |
114 | $65,285.44 | $414.28 | $0.00 | $369.13 | $66,068.85 |
115 | $66,068.85 | $414.28 | $0.00 | $373.56 | $66,856.69 |
116 | $66,856.69 | $414.28 | $0.00 | $378.02 | $67,648.99 |
117 | $67,648.99 | $414.28 | $0.00 | $382.50 | $68,445.77 |
118 | $68,445.77 | $414.28 | $0.00 | $387.00 | $69,247.05 |
119 | $69,247.05 | $414.28 | $0.00 | $391.53 | $70,052.86 |
120 | $70,052.86 | $414.28 | $0.00 | $396.09 | $70,863.23 |
121 | $70,863.23 | $414.28 | $0.00 | $400.67 | $71,678.18 |
122 | $71,678.18 | $414.28 | $0.00 | $405.28 | $72,497.74 |
123 | $72,497.74 | $414.28 | $0.00 | $409.91 | $73,321.93 |
124 | $73,321.93 | $414.28 | $0.00 | $414.57 | $74,150.78 |
125 | $74,150.78 | $414.28 | $0.00 | $419.26 | $74,984.32 |
126 | $74,984.32 | $414.28 | $0.00 | $423.97 | $75,822.57 |
127 | $75,822.57 | $414.28 | $0.00 | $428.71 | $76,665.56 |
128 | $76,665.56 | $414.28 | $0.00 | $433.48 | $77,513.32 |
129 | $77,513.32 | $414.28 | $0.00 | $438.27 | $78,365.87 |
130 | $78,365.87 | $414.28 | $0.00 | $443.09 | $79,223.24 |
131 | $79,223.24 | $414.28 | $0.00 | $447.94 | $80,085.46 |
132 | $80,085.46 | $414.28 | $0.00 | $452.81 | $80,952.55 |
133 | $80,952.55 | $414.28 | $0.00 | $457.72 | $81,824.55 |
134 | $81,824.55 | $414.28 | $0.00 | $462.65 | $82,701.48 |
135 | $82,701.48 | $414.28 | $0.00 | $467.61 | $83,583.37 |
136 | $83,583.37 | $414.28 | $0.00 | $472.59 | $84,470.24 |
137 | $84,470.24 | $414.28 | $0.00 | $477.61 | $85,362.13 |
138 | $85,362.13 | $414.28 | $0.00 | $482.65 | $86,259.06 |
139 | $86,259.06 | $414.28 | $0.00 | $487.72 | $87,161.06 |
140 | $87,161.06 | $414.28 | $0.00 | $492.82 | $88,068.16 |
141 | $88,068.16 | $414.28 | $0.00 | $497.95 | $88,980.39 |
142 | $88,980.39 | $414.28 | $0.00 | $503.11 | $89,897.78 |
143 | $89,897.78 | $414.28 | $0.00 | $508.30 | $90,820.36 |
144 | $90,820.36 | $414.28 | $0.00 | $513.51 | $91,748.15 |
145 | $91,748.15 | $414.28 | $0.00 | $518.76 | $92,681.19 |
146 | $92,681.19 | $414.28 | $0.00 | $524.03 | $93,619.50 |
147 | $93,619.50 | $414.28 | $0.00 | $529.34 | $94,563.12 |
148 | $94,563.12 | $414.28 | $0.00 | $534.67 | $95,512.07 |
149 | $95,512.07 | $414.28 | $0.00 | $540.04 | $96,466.39 |
150 | $96,466.39 | $414.28 | $0.00 | $545.43 | $97,426.10 |
151 | $97,426.10 | $414.28 | $0.00 | $550.86 | $98,391.24 |
152 | $98,391.24 | $414.28 | $0.00 | $556.32 | $99,361.84 |
153 | $99,361.84 | $414.28 | $0.00 | $561.81 | $100,337.93 |
154 | $100,337.93 | $414.28 | $0.00 | $567.33 | $101,319.54 |
155 | $101,319.54 | $414.28 | $0.00 | $572.88 | $102,306.70 |
156 | $102,306.70 | $414.28 | $0.00 | $578.46 | $103,299.44 |
157 | $103,299.44 | $414.28 | $0.00 | $584.07 | $104,297.79 |
158 | $104,297.79 | $414.28 | $0.00 | $589.71 | $105,301.78 |
159 | $105,301.78 | $414.28 | $0.00 | $595.39 | $106,311.45 |
160 | $106,311.45 | $414.28 | $0.00 | $601.10 | $107,326.83 |
161 | $107,326.83 | $414.28 | $0.00 | $606.84 | $108,347.95 |
162 | $108,347.95 | $414.28 | $0.00 | $612.62 | $109,374.85 |
163 | $109,374.85 | $414.28 | $0.00 | $618.42 | $110,407.55 |
164 | $110,407.55 | $414.28 | $0.00 | $624.26 | $111,446.09 |
165 | $111,446.09 | $414.28 | $0.00 | $630.13 | $112,490.50 |
166 | $112,490.50 | $414.28 | $0.00 | $636.04 | $113,540.82 |
167 | $113,540.82 | $414.28 | $0.00 | $641.98 | $114,597.08 |
168 | $114,597.08 | $414.28 | $0.00 | $647.95 | $115,659.31 |
169 | $115,659.31 | $414.28 | $0.00 | $653.95 | $116,727.54 |
170 | $116,727.54 | $414.28 | $0.00 | $659.99 | $117,801.81 |
171 | $117,801.81 | $414.28 | $0.00 | $666.07 | $118,882.16 |
172 | $118,882.16 | $414.28 | $0.00 | $672.18 | $119,968.62 |
173 | $119,968.62 | $414.28 | $0.00 | $678.32 | $121,061.22 |
174 | $121,061.22 | $414.28 | $0.00 | $684.50 | $122,160.00 |
175 | $122,160.00 | $414.28 | $0.00 | $690.71 | $123,264.99 |
176 | $123,264.99 | $414.28 | $0.00 | $696.96 | $124,376.23 |
177 | $124,376.23 | $414.28 | $0.00 | $703.24 | $125,493.75 |
178 | $125,493.75 | $414.28 | $0.00 | $709.56 | $126,617.59 |
179 | $126,617.59 | $414.28 | $0.00 | $715.91 | $127,747.78 |
180 | $127,747.78 | $414.28 | $0.00 | $722.30 | $128,884.36 |
181 | $128,884.36 | $414.28 | $0.00 | $728.73 | $130,027.37 |
182 | $130,027.37 | $414.28 | $0.00 | $735.19 | $131,176.84 |
183 | $131,176.84 | $414.28 | $0.00 | $741.69 | $132,332.81 |
184 | $132,332.81 | $414.28 | $0.00 | $748.23 | $133,495.32 |
185 | $133,495.32 | $414.28 | $0.00 | $754.80 | $134,664.40 |
186 | $134,664.40 | $414.28 | $0.00 | $761.41 | $135,840.09 |
187 | $135,840.09 | $414.28 | $0.00 | $768.06 | $137,022.43 |
188 | $137,022.43 | $414.28 | $0.00 | $774.74 | $138,211.45 |
189 | $138,211.45 | $414.28 | $0.00 | $781.47 | $139,407.20 |
190 | $139,407.20 | $414.28 | $0.00 | $788.23 | $140,609.71 |
191 | $140,609.71 | $414.28 | $0.00 | $795.03 | $141,819.02 |
192 | $141,819.02 | $414.28 | $0.00 | $801.87 | $143,035.17 |
193 | $143,035.17 | $414.28 | $0.00 | $808.74 | $144,258.19 |
194 | $144,258.19 | $414.28 | $0.00 | $815.66 | $145,488.13 |
195 | $145,488.13 | $414.28 | $0.00 | $822.61 | $146,725.02 |
196 | $146,725.02 | $414.28 | $0.00 | $829.60 | $147,968.90 |
197 | $147,968.90 | $414.28 | $0.00 | $836.64 | $149,219.82 |
198 | $149,219.82 | $414.28 | $0.00 | $843.71 | $150,477.81 |
199 | $150,477.81 | $414.28 | $0.00 | $850.82 | $151,742.91 |
200 | $151,742.91 | $414.28 | $0.00 | $857.98 | $153,015.17 |
201 | $153,015.17 | $414.28 | $0.00 | $865.17 | $154,294.62 |
202 | $154,294.62 | $414.28 | $0.00 | $872.40 | $155,581.30 |
203 | $155,581.30 | $414.28 | $0.00 | $879.68 | $156,875.26 |
204 | $156,875.26 | $414.28 | $0.00 | $887.00 | $158,176.54 |
205 | $158,176.54 | $414.28 | $0.00 | $894.35 | $159,485.17 |
206 | $159,485.17 | $414.28 | $0.00 | $901.75 | $160,801.20 |
207 | $160,801.20 | $414.28 | $0.00 | $909.19 | $162,124.67 |
208 | $162,124.67 | $414.28 | $0.00 | $916.68 | $163,455.63 |
209 | $163,455.63 | $414.28 | $0.00 | $924.20 | $164,794.11 |
210 | $164,794.11 | $414.28 | $0.00 | $931.77 | $166,140.16 |
211 | $166,140.16 | $414.28 | $0.00 | $939.38 | $167,493.82 |
212 | $167,493.82 | $414.28 | $0.00 | $947.03 | $168,855.13 |
213 | $168,855.13 | $414.28 | $0.00 | $954.73 | $170,224.14 |
214 | $170,224.14 | $414.28 | $0.00 | $962.47 | $171,600.89 |
215 | $171,600.89 | $414.28 | $0.00 | $970.26 | $172,985.43 |
216 | $172,985.43 | $414.28 | $0.00 | $978.08 | $174,377.79 |
217 | $174,377.79 | $414.28 | $48,570.39 | $985.96 | $127,207.64 |
218 | $127,207.64 | $414.28 | $0.00 | $719.25 | $128,341.17 |
219 | $128,341.17 | $414.28 | $0.00 | $725.66 | $129,481.11 |
220 | $129,481.11 | $414.28 | $0.00 | $732.11 | $130,627.50 |
221 | $130,627.50 | $414.28 | $0.00 | $738.59 | $131,780.37 |
222 | $131,780.37 | $414.28 | $0.00 | $745.11 | $132,939.76 |
223 | $132,939.76 | $414.28 | $0.00 | $751.66 | $134,105.70 |
224 | $134,105.70 | $414.28 | $0.00 | $758.25 | $135,278.23 |
225 | $135,278.23 | $414.28 | $0.00 | $764.88 | $136,457.39 |
226 | $136,457.39 | $414.28 | $0.00 | $771.55 | $137,643.22 |
227 | $137,643.22 | $414.28 | $0.00 | $778.25 | $138,835.75 |
228 | $138,835.75 | $414.28 | $0.00 | $785.00 | $140,035.03 |
229 | $140,035.03 | $414.28 | $50,998.91 | $791.78 | $90,242.18 |
230 | $90,242.18 | $414.28 | $0.00 | $510.24 | $91,166.70 |
231 | $91,166.70 | $414.28 | $0.00 | $515.47 | $92,096.45 |
232 | $92,096.45 | $414.28 | $0.00 | $520.73 | $93,031.46 |
233 | $93,031.46 | $414.28 | $0.00 | $526.01 | $93,971.75 |
234 | $93,971.75 | $414.28 | $0.00 | $531.33 | $94,917.36 |
235 | $94,917.36 | $414.28 | $0.00 | $536.68 | $95,868.32 |
236 | $95,868.32 | $414.28 | $0.00 | $542.05 | $96,824.65 |
237 | $96,824.65 | $414.28 | $0.00 | $547.46 | $97,786.39 |
238 | $97,786.39 | $414.28 | $0.00 | $552.90 | $98,753.57 |
239 | $98,753.57 | $414.28 | $0.00 | $558.37 | $99,726.22 |
240 | $99,726.22 | $414.28 | $0.00 | $563.87 | $100,704.37 |
241 | $100,704.37 | $414.28 | $53,548.85 | $569.40 | $48,139.20 |
242 | $48,139.20 | $414.28 | $0.00 | $272.19 | $48,825.67 |
243 | $48,825.67 | $414.28 | $0.00 | $276.07 | $49,516.02 |
244 | $49,516.02 | $414.28 | $0.00 | $279.97 | $50,210.27 |
245 | $50,210.27 | $414.28 | $0.00 | $283.90 | $50,908.45 |
246 | $50,908.45 | $414.28 | $0.00 | $287.84 | $51,610.57 |
247 | $51,610.57 | $414.28 | $0.00 | $291.81 | $52,316.66 |
248 | $52,316.66 | $414.28 | $0.00 | $295.81 | $53,026.75 |
249 | $53,026.75 | $414.28 | $0.00 | $299.82 | $53,740.85 |
250 | $53,740.85 | $414.28 | $0.00 | $303.86 | $54,458.99 |
251 | $54,458.99 | $414.28 | $0.00 | $307.92 | $55,181.19 |
252 | $55,181.19 | $414.28 | $0.00 | $312.00 | $55,907.47 |
253 | $55,907.47 | $0.00 | $56,226.30 | $316.11 | ($2.72) |