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.
Current Annual Cost | $20,182.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 7% |
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 | $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 |