Savings Plan and Future Cost Estimation for University of Maine at Presque Isle

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$54,211
Monthly savings required$429

How much will it cost to send your child to University of Maine at Presque Isle in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $216,844.01 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $429.11 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$20,905.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $429.11 $0.00 $0.00 $429.11
2 $429.11 $429.11 $0.00 $2.43 $860.65
3 $860.65 $429.11 $0.00 $4.87 $1,294.63
4 $1,294.63 $429.11 $0.00 $7.32 $1,731.06
5 $1,731.06 $429.11 $0.00 $9.79 $2,169.96
6 $2,169.96 $429.11 $0.00 $12.27 $2,611.34
7 $2,611.34 $429.11 $0.00 $14.76 $3,055.21
8 $3,055.21 $429.11 $0.00 $17.27 $3,501.59
9 $3,501.59 $429.11 $0.00 $19.80 $3,950.50
10 $3,950.50 $429.11 $0.00 $22.34 $4,401.95
11 $4,401.95 $429.11 $0.00 $24.89 $4,855.95
12 $4,855.95 $429.11 $0.00 $27.46 $5,312.52
13 $5,312.52 $429.11 $0.00 $30.04 $5,771.67
14 $5,771.67 $429.11 $0.00 $32.63 $6,233.41
15 $6,233.41 $429.11 $0.00 $35.24 $6,697.76
16 $6,697.76 $429.11 $0.00 $37.87 $7,164.74
17 $7,164.74 $429.11 $0.00 $40.51 $7,634.36
18 $7,634.36 $429.11 $0.00 $43.17 $8,106.64
19 $8,106.64 $429.11 $0.00 $45.84 $8,581.59
20 $8,581.59 $429.11 $0.00 $48.52 $9,059.22
21 $9,059.22 $429.11 $0.00 $51.22 $9,539.55
22 $9,539.55 $429.11 $0.00 $53.94 $10,022.60
23 $10,022.60 $429.11 $0.00 $56.67 $10,508.38
24 $10,508.38 $429.11 $0.00 $59.42 $10,996.91
25 $10,996.91 $429.11 $0.00 $62.18 $11,488.20
26 $11,488.20 $429.11 $0.00 $64.96 $11,982.27
27 $11,982.27 $429.11 $0.00 $67.75 $12,479.13
28 $12,479.13 $429.11 $0.00 $70.56 $12,978.80
29 $12,978.80 $429.11 $0.00 $73.38 $13,481.29
30 $13,481.29 $429.11 $0.00 $76.23 $13,986.63
31 $13,986.63 $429.11 $0.00 $79.08 $14,494.82
32 $14,494.82 $429.11 $0.00 $81.96 $15,005.89
33 $15,005.89 $429.11 $0.00 $84.85 $15,519.85
34 $15,519.85 $429.11 $0.00 $87.75 $16,036.71
35 $16,036.71 $429.11 $0.00 $90.67 $16,556.49
36 $16,556.49 $429.11 $0.00 $93.61 $17,079.21
37 $17,079.21 $429.11 $0.00 $96.57 $17,604.89
38 $17,604.89 $429.11 $0.00 $99.54 $18,133.54
39 $18,133.54 $429.11 $0.00 $102.53 $18,665.18
40 $18,665.18 $429.11 $0.00 $105.54 $19,199.83
41 $19,199.83 $429.11 $0.00 $108.56 $19,737.50
42 $19,737.50 $429.11 $0.00 $111.60 $20,278.21
43 $20,278.21 $429.11 $0.00 $114.66 $20,821.98
44 $20,821.98 $429.11 $0.00 $117.73 $21,368.82
45 $21,368.82 $429.11 $0.00 $120.82 $21,918.75
46 $21,918.75 $429.11 $0.00 $123.93 $22,471.79
47 $22,471.79 $429.11 $0.00 $127.06 $23,027.96
48 $23,027.96 $429.11 $0.00 $130.20 $23,587.27
49 $23,587.27 $429.11 $0.00 $133.37 $24,149.75
50 $24,149.75 $429.11 $0.00 $136.55 $24,715.41
51 $24,715.41 $429.11 $0.00 $139.74 $25,284.26
52 $25,284.26 $429.11 $0.00 $142.96 $25,856.33
53 $25,856.33 $429.11 $0.00 $146.20 $26,431.64
54 $26,431.64 $429.11 $0.00 $149.45 $27,010.20
55 $27,010.20 $429.11 $0.00 $152.72 $27,592.03
56 $27,592.03 $429.11 $0.00 $156.01 $28,177.15
57 $28,177.15 $429.11 $0.00 $159.32 $28,765.58
58 $28,765.58 $429.11 $0.00 $162.64 $29,357.33
59 $29,357.33 $429.11 $0.00 $165.99 $29,952.43
60 $29,952.43 $429.11 $0.00 $169.36 $30,550.90
61 $30,550.90 $429.11 $0.00 $172.74 $31,152.75
62 $31,152.75 $429.11 $0.00 $176.14 $31,758.00
63 $31,758.00 $429.11 $0.00 $179.56 $32,366.67
64 $32,366.67 $429.11 $0.00 $183.01 $32,978.79
65 $32,978.79 $429.11 $0.00 $186.47 $33,594.37
66 $33,594.37 $429.11 $0.00 $189.95 $34,213.43
67 $34,213.43 $429.11 $0.00 $193.45 $34,835.99
68 $34,835.99 $429.11 $0.00 $196.97 $35,462.07
69 $35,462.07 $429.11 $0.00 $200.51 $36,091.69
70 $36,091.69 $429.11 $0.00 $204.07 $36,724.87
71 $36,724.87 $429.11 $0.00 $207.65 $37,361.63
72 $37,361.63 $429.11 $0.00 $211.25 $38,001.99
73 $38,001.99 $429.11 $0.00 $214.87 $38,645.97
74 $38,645.97 $429.11 $0.00 $218.51 $39,293.59
75 $39,293.59 $429.11 $0.00 $222.17 $39,944.87
76 $39,944.87 $429.11 $0.00 $225.85 $40,599.83
77 $40,599.83 $429.11 $0.00 $229.56 $41,258.50
78 $41,258.50 $429.11 $0.00 $233.28 $41,920.89
79 $41,920.89 $429.11 $0.00 $237.03 $42,587.03
80 $42,587.03 $429.11 $0.00 $240.79 $43,256.93
81 $43,256.93 $429.11 $0.00 $244.58 $43,930.62
82 $43,930.62 $429.11 $0.00 $248.39 $44,608.12
83 $44,608.12 $429.11 $0.00 $252.22 $45,289.45
84 $45,289.45 $429.11 $0.00 $256.07 $45,974.63
85 $45,974.63 $429.11 $0.00 $259.95 $46,663.69
86 $46,663.69 $429.11 $0.00 $263.84 $47,356.64
87 $47,356.64 $429.11 $0.00 $267.76 $48,053.51
88 $48,053.51 $429.11 $0.00 $271.70 $48,754.32
89 $48,754.32 $429.11 $0.00 $275.66 $49,459.09
90 $49,459.09 $429.11 $0.00 $279.65 $50,167.85
91 $50,167.85 $429.11 $0.00 $283.66 $50,880.62
92 $50,880.62 $429.11 $0.00 $287.69 $51,597.42
93 $51,597.42 $429.11 $0.00 $291.74 $52,318.27
94 $52,318.27 $429.11 $0.00 $295.82 $53,043.20
95 $53,043.20 $429.11 $0.00 $299.91 $53,772.22
96 $53,772.22 $429.11 $0.00 $304.04 $54,505.37
97 $54,505.37 $429.11 $0.00 $308.18 $55,242.66
98 $55,242.66 $429.11 $0.00 $312.35 $55,984.12
99 $55,984.12 $429.11 $0.00 $316.54 $56,729.77
100 $56,729.77 $429.11 $0.00 $320.76 $57,479.64
101 $57,479.64 $429.11 $0.00 $325.00 $58,233.75
102 $58,233.75 $429.11 $0.00 $329.26 $58,992.12
103 $58,992.12 $429.11 $0.00 $333.55 $59,754.78
104 $59,754.78 $429.11 $0.00 $337.86 $60,521.75
105 $60,521.75 $429.11 $0.00 $342.20 $61,293.06
106 $61,293.06 $429.11 $0.00 $346.56 $62,068.73
107 $62,068.73 $429.11 $0.00 $350.95 $62,848.79
108 $62,848.79 $429.11 $0.00 $355.36 $63,633.26
109 $63,633.26 $429.11 $0.00 $359.79 $64,422.16
110 $64,422.16 $429.11 $0.00 $364.25 $65,215.52
111 $65,215.52 $429.11 $0.00 $368.74 $66,013.37
112 $66,013.37 $429.11 $0.00 $373.25 $66,815.73
113 $66,815.73 $429.11 $0.00 $377.79 $67,622.63
114 $67,622.63 $429.11 $0.00 $382.35 $68,434.09
115 $68,434.09 $429.11 $0.00 $386.94 $69,250.14
116 $69,250.14 $429.11 $0.00 $391.55 $70,070.80
117 $70,070.80 $429.11 $0.00 $396.19 $70,896.10
118 $70,896.10 $429.11 $0.00 $400.86 $71,726.07
119 $71,726.07 $429.11 $0.00 $405.55 $72,560.73
120 $72,560.73 $429.11 $0.00 $410.27 $73,400.11
121 $73,400.11 $429.11 $0.00 $415.01 $74,244.23
122 $74,244.23 $429.11 $0.00 $419.79 $75,093.13
123 $75,093.13 $429.11 $0.00 $424.59 $75,946.83
124 $75,946.83 $429.11 $0.00 $429.41 $76,805.35
125 $76,805.35 $429.11 $0.00 $434.27 $77,668.73
126 $77,668.73 $429.11 $0.00 $439.15 $78,536.99
127 $78,536.99 $429.11 $0.00 $444.06 $79,410.16
128 $79,410.16 $429.11 $0.00 $449.00 $80,288.27
129 $80,288.27 $429.11 $0.00 $453.96 $81,171.34
130 $81,171.34 $429.11 $0.00 $458.95 $82,059.40
131 $82,059.40 $429.11 $0.00 $463.98 $82,952.49
132 $82,952.49 $429.11 $0.00 $469.03 $83,850.63
133 $83,850.63 $429.11 $0.00 $474.10 $84,753.84
134 $84,753.84 $429.11 $0.00 $479.21 $85,662.16
135 $85,662.16 $429.11 $0.00 $484.35 $86,575.62
136 $86,575.62 $429.11 $0.00 $489.51 $87,494.24
137 $87,494.24 $429.11 $0.00 $494.71 $88,418.06
138 $88,418.06 $429.11 $0.00 $499.93 $89,347.10
139 $89,347.10 $429.11 $0.00 $505.18 $90,281.39
140 $90,281.39 $429.11 $0.00 $510.46 $91,220.96
141 $91,220.96 $429.11 $0.00 $515.78 $92,165.85
142 $92,165.85 $429.11 $0.00 $521.12 $93,116.08
143 $93,116.08 $429.11 $0.00 $526.49 $94,071.68
144 $94,071.68 $429.11 $0.00 $531.89 $95,032.68
145 $95,032.68 $429.11 $0.00 $537.33 $95,999.12
146 $95,999.12 $429.11 $0.00 $542.79 $96,971.02
147 $96,971.02 $429.11 $0.00 $548.29 $97,948.42
148 $97,948.42 $429.11 $0.00 $553.81 $98,931.34
149 $98,931.34 $429.11 $0.00 $559.37 $99,919.82
150 $99,919.82 $429.11 $0.00 $564.96 $100,913.89
151 $100,913.89 $429.11 $0.00 $570.58 $101,913.58
152 $101,913.58 $429.11 $0.00 $576.23 $102,918.92
153 $102,918.92 $429.11 $0.00 $581.92 $103,929.95
154 $103,929.95 $429.11 $0.00 $587.64 $104,946.70
155 $104,946.70 $429.11 $0.00 $593.38 $105,969.19
156 $105,969.19 $429.11 $0.00 $599.17 $106,997.47
157 $106,997.47 $429.11 $0.00 $604.98 $108,031.56
158 $108,031.56 $429.11 $0.00 $610.83 $109,071.50
159 $109,071.50 $429.11 $0.00 $616.71 $110,117.32
160 $110,117.32 $429.11 $0.00 $622.62 $111,169.05
161 $111,169.05 $429.11 $0.00 $628.57 $112,226.73
162 $112,226.73 $429.11 $0.00 $634.55 $113,290.39
163 $113,290.39 $429.11 $0.00 $640.56 $114,360.06
164 $114,360.06 $429.11 $0.00 $646.61 $115,435.78
165 $115,435.78 $429.11 $0.00 $652.69 $116,517.58
166 $116,517.58 $429.11 $0.00 $658.81 $117,605.50
167 $117,605.50 $429.11 $0.00 $664.96 $118,699.57
168 $118,699.57 $429.11 $0.00 $671.14 $119,799.82
169 $119,799.82 $429.11 $0.00 $677.37 $120,906.30
170 $120,906.30 $429.11 $0.00 $683.62 $122,019.03
171 $122,019.03 $429.11 $0.00 $689.91 $123,138.05
172 $123,138.05 $429.11 $0.00 $696.24 $124,263.40
173 $124,263.40 $429.11 $0.00 $702.60 $125,395.11
174 $125,395.11 $429.11 $0.00 $709.00 $126,533.22
175 $126,533.22 $429.11 $0.00 $715.44 $127,677.77
176 $127,677.77 $429.11 $0.00 $721.91 $128,828.79
177 $128,828.79 $429.11 $0.00 $728.42 $129,986.32
178 $129,986.32 $429.11 $0.00 $734.96 $131,150.39
179 $131,150.39 $429.11 $0.00 $741.54 $132,321.04
180 $132,321.04 $429.11 $0.00 $748.16 $133,498.31
181 $133,498.31 $429.11 $0.00 $754.82 $134,682.24
182 $134,682.24 $429.11 $0.00 $761.51 $135,872.86
183 $135,872.86 $429.11 $0.00 $768.24 $137,070.21
184 $137,070.21 $429.11 $0.00 $775.01 $138,274.33
185 $138,274.33 $429.11 $0.00 $781.82 $139,485.26
186 $139,485.26 $429.11 $0.00 $788.67 $140,703.04
187 $140,703.04 $429.11 $0.00 $795.56 $141,927.71
188 $141,927.71 $429.11 $0.00 $802.48 $143,159.30
189 $143,159.30 $429.11 $0.00 $809.44 $144,397.85
190 $144,397.85 $429.11 $0.00 $816.45 $145,643.41
191 $145,643.41 $429.11 $0.00 $823.49 $146,896.01
192 $146,896.01 $429.11 $0.00 $830.57 $148,155.69
193 $148,155.69 $429.11 $0.00 $837.69 $149,422.49
194 $149,422.49 $429.11 $0.00 $844.86 $150,696.46
195 $150,696.46 $429.11 $0.00 $852.06 $151,977.63
196 $151,977.63 $429.11 $0.00 $859.30 $153,266.04
197 $153,266.04 $429.11 $0.00 $866.59 $154,561.74
198 $154,561.74 $429.11 $0.00 $873.91 $155,864.76
199 $155,864.76 $429.11 $0.00 $881.28 $157,175.15
200 $157,175.15 $429.11 $0.00 $888.69 $158,492.95
201 $158,492.95 $429.11 $0.00 $896.14 $159,818.20
202 $159,818.20 $429.11 $0.00 $903.64 $161,150.95
203 $161,150.95 $429.11 $0.00 $911.17 $162,491.23
204 $162,491.23 $429.11 $0.00 $918.75 $163,839.09
205 $163,839.09 $429.11 $0.00 $926.37 $165,194.57
206 $165,194.57 $429.11 $0.00 $934.03 $166,557.71
207 $166,557.71 $429.11 $0.00 $941.74 $167,928.56
208 $167,928.56 $429.11 $0.00 $949.49 $169,307.16
209 $169,307.16 $429.11 $0.00 $957.29 $170,693.56
210 $170,693.56 $429.11 $0.00 $965.13 $172,087.80
211 $172,087.80 $429.11 $0.00 $973.01 $173,489.92
212 $173,489.92 $429.11 $0.00 $980.94 $174,899.97
213 $174,899.97 $429.11 $0.00 $988.91 $176,317.99
214 $176,317.99 $429.11 $0.00 $996.93 $177,744.03
215 $177,744.03 $429.11 $0.00 $1,004.99 $179,178.13
216 $179,178.13 $429.11 $0.00 $1,013.10 $180,620.34
217 $180,620.34 $429.11 $50,310.38 $1,021.25 $131,760.32
218 $131,760.32 $429.11 $0.00 $744.99 $132,934.42
219 $132,934.42 $429.11 $0.00 $751.63 $134,115.16
220 $134,115.16 $429.11 $0.00 $758.31 $135,302.58
221 $135,302.58 $429.11 $0.00 $765.02 $136,496.71
222 $136,496.71 $429.11 $0.00 $771.77 $137,697.59
223 $137,697.59 $429.11 $0.00 $778.56 $138,905.26
224 $138,905.26 $429.11 $0.00 $785.39 $140,119.76
225 $140,119.76 $429.11 $0.00 $792.26 $141,341.13
226 $141,341.13 $429.11 $0.00 $799.16 $142,569.40
227 $142,569.40 $429.11 $0.00 $806.11 $143,804.62
228 $143,804.62 $429.11 $0.00 $813.09 $145,046.82
229 $145,046.82 $429.11 $52,825.89 $820.12 $93,470.16
230 $93,470.16 $429.11 $0.00 $528.49 $94,427.76
231 $94,427.76 $429.11 $0.00 $533.91 $95,390.78
232 $95,390.78 $429.11 $0.00 $539.35 $96,359.24
233 $96,359.24 $429.11 $0.00 $544.83 $97,333.18
234 $97,333.18 $429.11 $0.00 $550.34 $98,312.63
235 $98,312.63 $429.11 $0.00 $555.87 $99,297.61
236 $99,297.61 $429.11 $0.00 $561.44 $100,288.16
237 $100,288.16 $429.11 $0.00 $567.04 $101,284.31
238 $101,284.31 $429.11 $0.00 $572.68 $102,286.10
239 $102,286.10 $429.11 $0.00 $578.34 $103,293.55
240 $103,293.55 $429.11 $0.00 $584.04 $104,306.70
241 $104,306.70 $429.11 $55,467.19 $589.77 $49,858.39
242 $49,858.39 $429.11 $0.00 $281.91 $50,569.41
243 $50,569.41 $429.11 $0.00 $285.93 $51,284.45
244 $51,284.45 $429.11 $0.00 $289.97 $52,003.53
245 $52,003.53 $429.11 $0.00 $294.04 $52,726.68
246 $52,726.68 $429.11 $0.00 $298.12 $53,453.91
247 $53,453.91 $429.11 $0.00 $302.24 $54,185.26
248 $54,185.26 $429.11 $0.00 $306.37 $54,920.74
249 $54,920.74 $429.11 $0.00 $310.53 $55,660.38
250 $55,660.38 $429.11 $0.00 $314.71 $56,404.20
251 $56,404.20 $429.11 $0.00 $318.92 $57,152.23
252 $57,152.23 $429.11 $0.00 $323.15 $57,904.49
253 $57,904.49 $0.00 $58,240.55 $327.40 ($8.66)