Savings Plan and Future Cost Estimation for University of New England

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$154,607
Monthly savings required$1,224

How much will it cost to send your child to University of New England in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $618,428.11 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,223.85 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$59,620.00
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 $1,223.85 $0.00 $0.00 $1,223.85
2 $1,223.85 $1,223.85 $0.00 $6.92 $2,454.62
3 $2,454.62 $1,223.85 $0.00 $13.88 $3,692.35
4 $3,692.35 $1,223.85 $0.00 $20.88 $4,937.08
5 $4,937.08 $1,223.85 $0.00 $27.91 $6,188.84
6 $6,188.84 $1,223.85 $0.00 $34.99 $7,447.68
7 $7,447.68 $1,223.85 $0.00 $42.11 $8,713.64
8 $8,713.64 $1,223.85 $0.00 $49.27 $9,986.76
9 $9,986.76 $1,223.85 $0.00 $56.47 $11,267.08
10 $11,267.08 $1,223.85 $0.00 $63.71 $12,554.64
11 $12,554.64 $1,223.85 $0.00 $70.99 $13,849.48
12 $13,849.48 $1,223.85 $0.00 $78.31 $15,151.64
13 $15,151.64 $1,223.85 $0.00 $85.67 $16,461.16
14 $16,461.16 $1,223.85 $0.00 $93.07 $17,778.08
15 $17,778.08 $1,223.85 $0.00 $100.52 $19,102.45
16 $19,102.45 $1,223.85 $0.00 $108.01 $20,434.31
17 $20,434.31 $1,223.85 $0.00 $115.54 $21,773.70
18 $21,773.70 $1,223.85 $0.00 $123.11 $23,120.66
19 $23,120.66 $1,223.85 $0.00 $130.73 $24,475.24
20 $24,475.24 $1,223.85 $0.00 $138.39 $25,837.48
21 $25,837.48 $1,223.85 $0.00 $146.09 $27,207.42
22 $27,207.42 $1,223.85 $0.00 $153.83 $28,585.10
23 $28,585.10 $1,223.85 $0.00 $161.62 $29,970.57
24 $29,970.57 $1,223.85 $0.00 $169.46 $31,363.88
25 $31,363.88 $1,223.85 $0.00 $177.34 $32,765.07
26 $32,765.07 $1,223.85 $0.00 $185.26 $34,174.18
27 $34,174.18 $1,223.85 $0.00 $193.23 $35,591.26
28 $35,591.26 $1,223.85 $0.00 $201.24 $37,016.35
29 $37,016.35 $1,223.85 $0.00 $209.30 $38,449.50
30 $38,449.50 $1,223.85 $0.00 $217.40 $39,890.75
31 $39,890.75 $1,223.85 $0.00 $225.55 $41,340.15
32 $41,340.15 $1,223.85 $0.00 $233.74 $42,797.74
33 $42,797.74 $1,223.85 $0.00 $241.98 $44,263.57
34 $44,263.57 $1,223.85 $0.00 $250.27 $45,737.69
35 $45,737.69 $1,223.85 $0.00 $258.61 $47,220.15
36 $47,220.15 $1,223.85 $0.00 $266.99 $48,710.99
37 $48,710.99 $1,223.85 $0.00 $275.42 $50,210.26
38 $50,210.26 $1,223.85 $0.00 $283.90 $51,718.01
39 $51,718.01 $1,223.85 $0.00 $292.42 $53,234.28
40 $53,234.28 $1,223.85 $0.00 $300.99 $54,759.12
41 $54,759.12 $1,223.85 $0.00 $309.62 $56,292.59
42 $56,292.59 $1,223.85 $0.00 $318.29 $57,834.73
43 $57,834.73 $1,223.85 $0.00 $327.01 $59,385.59
44 $59,385.59 $1,223.85 $0.00 $335.77 $60,945.21
45 $60,945.21 $1,223.85 $0.00 $344.59 $62,513.65
46 $62,513.65 $1,223.85 $0.00 $353.46 $64,090.96
47 $64,090.96 $1,223.85 $0.00 $362.38 $65,677.19
48 $65,677.19 $1,223.85 $0.00 $371.35 $67,272.39
49 $67,272.39 $1,223.85 $0.00 $380.37 $68,876.61
50 $68,876.61 $1,223.85 $0.00 $389.44 $70,489.90
51 $70,489.90 $1,223.85 $0.00 $398.56 $72,112.31
52 $72,112.31 $1,223.85 $0.00 $407.73 $73,743.89
53 $73,743.89 $1,223.85 $0.00 $416.96 $75,384.70
54 $75,384.70 $1,223.85 $0.00 $426.24 $77,034.79
55 $77,034.79 $1,223.85 $0.00 $435.57 $78,694.21
56 $78,694.21 $1,223.85 $0.00 $444.95 $80,363.01
57 $80,363.01 $1,223.85 $0.00 $454.38 $82,041.24
58 $82,041.24 $1,223.85 $0.00 $463.87 $83,728.96
59 $83,728.96 $1,223.85 $0.00 $473.42 $85,426.23
60 $85,426.23 $1,223.85 $0.00 $483.01 $87,133.09
61 $87,133.09 $1,223.85 $0.00 $492.66 $88,849.60
62 $88,849.60 $1,223.85 $0.00 $502.37 $90,575.82
63 $90,575.82 $1,223.85 $0.00 $512.13 $92,311.80
64 $92,311.80 $1,223.85 $0.00 $521.94 $94,057.59
65 $94,057.59 $1,223.85 $0.00 $531.82 $95,813.26
66 $95,813.26 $1,223.85 $0.00 $541.74 $97,578.85
67 $97,578.85 $1,223.85 $0.00 $551.73 $99,354.43
68 $99,354.43 $1,223.85 $0.00 $561.76 $101,140.04
69 $101,140.04 $1,223.85 $0.00 $571.86 $102,935.75
70 $102,935.75 $1,223.85 $0.00 $582.01 $104,741.61
71 $104,741.61 $1,223.85 $0.00 $592.22 $106,557.68
72 $106,557.68 $1,223.85 $0.00 $602.49 $108,384.02
73 $108,384.02 $1,223.85 $0.00 $612.82 $110,220.69
74 $110,220.69 $1,223.85 $0.00 $623.20 $112,067.74
75 $112,067.74 $1,223.85 $0.00 $633.65 $113,925.24
76 $113,925.24 $1,223.85 $0.00 $644.15 $115,793.24
77 $115,793.24 $1,223.85 $0.00 $654.71 $117,671.80
78 $117,671.80 $1,223.85 $0.00 $665.33 $119,560.98
79 $119,560.98 $1,223.85 $0.00 $676.02 $121,460.85
80 $121,460.85 $1,223.85 $0.00 $686.76 $123,371.46
81 $123,371.46 $1,223.85 $0.00 $697.56 $125,292.87
82 $125,292.87 $1,223.85 $0.00 $708.42 $127,225.14
83 $127,225.14 $1,223.85 $0.00 $719.35 $129,168.34
84 $129,168.34 $1,223.85 $0.00 $730.34 $131,122.53
85 $131,122.53 $1,223.85 $0.00 $741.39 $133,087.77
86 $133,087.77 $1,223.85 $0.00 $752.50 $135,064.12
87 $135,064.12 $1,223.85 $0.00 $763.67 $137,051.64
88 $137,051.64 $1,223.85 $0.00 $774.91 $139,050.40
89 $139,050.40 $1,223.85 $0.00 $786.21 $141,060.46
90 $141,060.46 $1,223.85 $0.00 $797.58 $143,081.89
91 $143,081.89 $1,223.85 $0.00 $809.01 $145,114.75
92 $145,114.75 $1,223.85 $0.00 $820.50 $147,159.10
93 $147,159.10 $1,223.85 $0.00 $832.06 $149,215.01
94 $149,215.01 $1,223.85 $0.00 $843.68 $151,282.54
95 $151,282.54 $1,223.85 $0.00 $855.37 $153,361.76
96 $153,361.76 $1,223.85 $0.00 $867.13 $155,452.74
97 $155,452.74 $1,223.85 $0.00 $878.95 $157,555.54
98 $157,555.54 $1,223.85 $0.00 $890.84 $159,670.23
99 $159,670.23 $1,223.85 $0.00 $902.80 $161,796.88
100 $161,796.88 $1,223.85 $0.00 $914.82 $163,935.55
101 $163,935.55 $1,223.85 $0.00 $926.92 $166,086.32
102 $166,086.32 $1,223.85 $0.00 $939.08 $168,249.25
103 $168,249.25 $1,223.85 $0.00 $951.31 $170,424.41
104 $170,424.41 $1,223.85 $0.00 $963.60 $172,611.86
105 $172,611.86 $1,223.85 $0.00 $975.97 $174,811.68
106 $174,811.68 $1,223.85 $0.00 $988.41 $177,023.94
107 $177,023.94 $1,223.85 $0.00 $1,000.92 $179,248.71
108 $179,248.71 $1,223.85 $0.00 $1,013.50 $181,486.06
109 $181,486.06 $1,223.85 $0.00 $1,026.15 $183,736.06
110 $183,736.06 $1,223.85 $0.00 $1,038.87 $185,998.78
111 $185,998.78 $1,223.85 $0.00 $1,051.66 $188,274.29
112 $188,274.29 $1,223.85 $0.00 $1,064.53 $190,562.67
113 $190,562.67 $1,223.85 $0.00 $1,077.47 $192,863.99
114 $192,863.99 $1,223.85 $0.00 $1,090.48 $195,178.32
115 $195,178.32 $1,223.85 $0.00 $1,103.57 $197,505.74
116 $197,505.74 $1,223.85 $0.00 $1,116.73 $199,846.32
117 $199,846.32 $1,223.85 $0.00 $1,129.96 $202,200.13
118 $202,200.13 $1,223.85 $0.00 $1,143.27 $204,567.25
119 $204,567.25 $1,223.85 $0.00 $1,156.65 $206,947.75
120 $206,947.75 $1,223.85 $0.00 $1,170.11 $209,341.71
121 $209,341.71 $1,223.85 $0.00 $1,183.65 $211,749.21
122 $211,749.21 $1,223.85 $0.00 $1,197.26 $214,170.32
123 $214,170.32 $1,223.85 $0.00 $1,210.95 $216,605.12
124 $216,605.12 $1,223.85 $0.00 $1,224.72 $219,053.69
125 $219,053.69 $1,223.85 $0.00 $1,238.56 $221,516.10
126 $221,516.10 $1,223.85 $0.00 $1,252.48 $223,992.43
127 $223,992.43 $1,223.85 $0.00 $1,266.49 $226,482.77
128 $226,482.77 $1,223.85 $0.00 $1,280.57 $228,987.19
129 $228,987.19 $1,223.85 $0.00 $1,294.73 $231,505.77
130 $231,505.77 $1,223.85 $0.00 $1,308.97 $234,038.59
131 $234,038.59 $1,223.85 $0.00 $1,323.29 $236,585.73
132 $236,585.73 $1,223.85 $0.00 $1,337.69 $239,147.27
133 $239,147.27 $1,223.85 $0.00 $1,352.17 $241,723.29
134 $241,723.29 $1,223.85 $0.00 $1,366.74 $244,313.88
135 $244,313.88 $1,223.85 $0.00 $1,381.39 $246,919.12
136 $246,919.12 $1,223.85 $0.00 $1,396.12 $249,539.09
137 $249,539.09 $1,223.85 $0.00 $1,410.93 $252,173.87
138 $252,173.87 $1,223.85 $0.00 $1,425.83 $254,823.55
139 $254,823.55 $1,223.85 $0.00 $1,440.81 $257,488.21
140 $257,488.21 $1,223.85 $0.00 $1,455.88 $260,167.94
141 $260,167.94 $1,223.85 $0.00 $1,471.03 $262,862.82
142 $262,862.82 $1,223.85 $0.00 $1,486.26 $265,572.93
143 $265,572.93 $1,223.85 $0.00 $1,501.59 $268,298.37
144 $268,298.37 $1,223.85 $0.00 $1,517.00 $271,039.22
145 $271,039.22 $1,223.85 $0.00 $1,532.50 $273,795.57
146 $273,795.57 $1,223.85 $0.00 $1,548.08 $276,567.50
147 $276,567.50 $1,223.85 $0.00 $1,563.75 $279,355.10
148 $279,355.10 $1,223.85 $0.00 $1,579.51 $282,158.46
149 $282,158.46 $1,223.85 $0.00 $1,595.36 $284,977.67
150 $284,977.67 $1,223.85 $0.00 $1,611.31 $287,812.83
151 $287,812.83 $1,223.85 $0.00 $1,627.34 $290,664.02
152 $290,664.02 $1,223.85 $0.00 $1,643.46 $293,531.33
153 $293,531.33 $1,223.85 $0.00 $1,659.67 $296,414.85
154 $296,414.85 $1,223.85 $0.00 $1,675.97 $299,314.67
155 $299,314.67 $1,223.85 $0.00 $1,692.37 $302,230.89
156 $302,230.89 $1,223.85 $0.00 $1,708.86 $305,163.60
157 $305,163.60 $1,223.85 $0.00 $1,725.44 $308,112.89
158 $308,112.89 $1,223.85 $0.00 $1,742.12 $311,078.86
159 $311,078.86 $1,223.85 $0.00 $1,758.89 $314,061.60
160 $314,061.60 $1,223.85 $0.00 $1,775.75 $317,061.20
161 $317,061.20 $1,223.85 $0.00 $1,792.71 $320,077.76
162 $320,077.76 $1,223.85 $0.00 $1,809.77 $323,111.38
163 $323,111.38 $1,223.85 $0.00 $1,826.92 $326,162.15
164 $326,162.15 $1,223.85 $0.00 $1,844.17 $329,230.17
165 $329,230.17 $1,223.85 $0.00 $1,861.52 $332,315.54
166 $332,315.54 $1,223.85 $0.00 $1,878.96 $335,418.35
167 $335,418.35 $1,223.85 $0.00 $1,896.50 $338,538.70
168 $338,538.70 $1,223.85 $0.00 $1,914.15 $341,676.70
169 $341,676.70 $1,223.85 $0.00 $1,931.89 $344,832.44
170 $344,832.44 $1,223.85 $0.00 $1,949.73 $348,006.02
171 $348,006.02 $1,223.85 $0.00 $1,967.68 $351,197.55
172 $351,197.55 $1,223.85 $0.00 $1,985.72 $354,407.12
173 $354,407.12 $1,223.85 $0.00 $2,003.87 $357,634.84
174 $357,634.84 $1,223.85 $0.00 $2,022.12 $360,880.81
175 $360,880.81 $1,223.85 $0.00 $2,040.47 $364,145.13
176 $364,145.13 $1,223.85 $0.00 $2,058.93 $367,427.91
177 $367,427.91 $1,223.85 $0.00 $2,077.49 $370,729.25
178 $370,729.25 $1,223.85 $0.00 $2,096.16 $374,049.26
179 $374,049.26 $1,223.85 $0.00 $2,114.93 $377,388.04
180 $377,388.04 $1,223.85 $0.00 $2,133.81 $380,745.70
181 $380,745.70 $1,223.85 $0.00 $2,152.79 $384,122.34
182 $384,122.34 $1,223.85 $0.00 $2,171.88 $387,518.07
183 $387,518.07 $1,223.85 $0.00 $2,191.08 $390,933.00
184 $390,933.00 $1,223.85 $0.00 $2,210.39 $394,367.24
185 $394,367.24 $1,223.85 $0.00 $2,229.81 $397,820.90
186 $397,820.90 $1,223.85 $0.00 $2,249.34 $401,294.09
187 $401,294.09 $1,223.85 $0.00 $2,268.98 $404,786.92
188 $404,786.92 $1,223.85 $0.00 $2,288.72 $408,299.49
189 $408,299.49 $1,223.85 $0.00 $2,308.58 $411,831.92
190 $411,831.92 $1,223.85 $0.00 $2,328.56 $415,384.33
191 $415,384.33 $1,223.85 $0.00 $2,348.64 $418,956.82
192 $418,956.82 $1,223.85 $0.00 $2,368.84 $422,549.51
193 $422,549.51 $1,223.85 $0.00 $2,389.16 $426,162.52
194 $426,162.52 $1,223.85 $0.00 $2,409.58 $429,795.95
195 $429,795.95 $1,223.85 $0.00 $2,430.13 $433,449.93
196 $433,449.93 $1,223.85 $0.00 $2,450.79 $437,124.57
197 $437,124.57 $1,223.85 $0.00 $2,471.57 $440,819.99
198 $440,819.99 $1,223.85 $0.00 $2,492.46 $444,536.30
199 $444,536.30 $1,223.85 $0.00 $2,513.47 $448,273.62
200 $448,273.62 $1,223.85 $0.00 $2,534.60 $452,032.07
201 $452,032.07 $1,223.85 $0.00 $2,555.86 $455,811.78
202 $455,811.78 $1,223.85 $0.00 $2,577.23 $459,612.86
203 $459,612.86 $1,223.85 $0.00 $2,598.72 $463,435.43
204 $463,435.43 $1,223.85 $0.00 $2,620.33 $467,279.61
205 $467,279.61 $1,223.85 $0.00 $2,642.07 $471,145.53
206 $471,145.53 $1,223.85 $0.00 $2,663.93 $475,033.31
207 $475,033.31 $1,223.85 $0.00 $2,685.91 $478,943.07
208 $478,943.07 $1,223.85 $0.00 $2,708.01 $482,874.93
209 $482,874.93 $1,223.85 $0.00 $2,730.25 $486,829.03
210 $486,829.03 $1,223.85 $0.00 $2,752.60 $490,805.48
211 $490,805.48 $1,223.85 $0.00 $2,775.09 $494,804.42
212 $494,804.42 $1,223.85 $0.00 $2,797.70 $498,825.97
213 $498,825.97 $1,223.85 $0.00 $2,820.43 $502,870.25
214 $502,870.25 $1,223.85 $0.00 $2,843.30 $506,937.40
215 $506,937.40 $1,223.85 $0.00 $2,866.30 $511,027.55
216 $511,027.55 $1,223.85 $0.00 $2,889.42 $515,140.82
217 $515,140.82 $1,223.85 $143,482.64 $2,912.68 $375,794.71
218 $375,794.71 $1,223.85 $0.00 $2,124.80 $379,143.36
219 $379,143.36 $1,223.85 $0.00 $2,143.73 $382,510.94
220 $382,510.94 $1,223.85 $0.00 $2,162.77 $385,897.56
221 $385,897.56 $1,223.85 $0.00 $2,181.92 $389,303.33
222 $389,303.33 $1,223.85 $0.00 $2,201.18 $392,728.36
223 $392,728.36 $1,223.85 $0.00 $2,220.54 $396,172.75
224 $396,172.75 $1,223.85 $0.00 $2,240.02 $399,636.62
225 $399,636.62 $1,223.85 $0.00 $2,259.60 $403,120.07
226 $403,120.07 $1,223.85 $0.00 $2,279.30 $406,623.22
227 $406,623.22 $1,223.85 $0.00 $2,299.11 $410,146.18
228 $410,146.18 $1,223.85 $0.00 $2,319.03 $413,689.06
229 $413,689.06 $1,223.85 $150,656.77 $2,339.06 $266,595.20
230 $266,595.20 $1,223.85 $0.00 $1,507.37 $269,326.42
231 $269,326.42 $1,223.85 $0.00 $1,522.81 $272,073.08
232 $272,073.08 $1,223.85 $0.00 $1,538.34 $274,835.27
233 $274,835.27 $1,223.85 $0.00 $1,553.96 $277,613.08
234 $277,613.08 $1,223.85 $0.00 $1,569.66 $280,406.59
235 $280,406.59 $1,223.85 $0.00 $1,585.46 $283,215.90
236 $283,215.90 $1,223.85 $0.00 $1,601.34 $286,041.09
237 $286,041.09 $1,223.85 $0.00 $1,617.32 $288,882.26
238 $288,882.26 $1,223.85 $0.00 $1,633.38 $291,739.49
239 $291,739.49 $1,223.85 $0.00 $1,649.54 $294,612.88
240 $294,612.88 $1,223.85 $0.00 $1,665.78 $297,502.51
241 $297,502.51 $1,223.85 $158,189.61 $1,682.12 $142,218.87
242 $142,218.87 $1,223.85 $0.00 $804.13 $144,246.85
243 $144,246.85 $1,223.85 $0.00 $815.59 $146,286.29
244 $146,286.29 $1,223.85 $0.00 $827.12 $148,337.26
245 $148,337.26 $1,223.85 $0.00 $838.72 $150,399.83
246 $150,399.83 $1,223.85 $0.00 $850.38 $152,474.06
247 $152,474.06 $1,223.85 $0.00 $862.11 $154,560.02
248 $154,560.02 $1,223.85 $0.00 $873.90 $156,657.77
249 $156,657.77 $1,223.85 $0.00 $885.77 $158,767.39
250 $158,767.39 $1,223.85 $0.00 $897.69 $160,888.93
251 $160,888.93 $1,223.85 $0.00 $909.69 $163,022.47
252 $163,022.47 $1,223.85 $0.00 $921.75 $165,168.07
253 $165,168.07 $0.00 $166,099.09 $933.88 $2.86