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 2039$148,617
Monthly savings required$1,176

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 $594,466.87 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,176.43 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$57,310.00
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 $1,176.43 $0.00 $0.00 $1,176.43
2 $1,176.43 $1,176.43 $0.00 $6.65 $2,359.51
3 $2,359.51 $1,176.43 $0.00 $13.34 $3,549.28
4 $3,549.28 $1,176.43 $0.00 $20.07 $4,745.78
5 $4,745.78 $1,176.43 $0.00 $26.83 $5,949.04
6 $5,949.04 $1,176.43 $0.00 $33.64 $7,159.11
7 $7,159.11 $1,176.43 $0.00 $40.48 $8,376.02
8 $8,376.02 $1,176.43 $0.00 $47.36 $9,599.81
9 $9,599.81 $1,176.43 $0.00 $54.28 $10,830.52
10 $10,830.52 $1,176.43 $0.00 $61.24 $12,068.19
11 $12,068.19 $1,176.43 $0.00 $68.24 $13,312.86
12 $13,312.86 $1,176.43 $0.00 $75.27 $14,564.56
13 $14,564.56 $1,176.43 $0.00 $82.35 $15,823.34
14 $15,823.34 $1,176.43 $0.00 $89.47 $17,089.24
15 $17,089.24 $1,176.43 $0.00 $96.63 $18,362.30
16 $18,362.30 $1,176.43 $0.00 $103.82 $19,642.55
17 $19,642.55 $1,176.43 $0.00 $111.06 $20,930.04
18 $20,930.04 $1,176.43 $0.00 $118.34 $22,224.81
19 $22,224.81 $1,176.43 $0.00 $125.66 $23,526.90
20 $23,526.90 $1,176.43 $0.00 $133.02 $24,836.35
21 $24,836.35 $1,176.43 $0.00 $140.43 $26,153.21
22 $26,153.21 $1,176.43 $0.00 $147.87 $27,477.51
23 $27,477.51 $1,176.43 $0.00 $155.36 $28,809.30
24 $28,809.30 $1,176.43 $0.00 $162.89 $30,148.62
25 $30,148.62 $1,176.43 $0.00 $170.46 $31,495.51
26 $31,495.51 $1,176.43 $0.00 $178.08 $32,850.02
27 $32,850.02 $1,176.43 $0.00 $185.74 $34,212.19
28 $34,212.19 $1,176.43 $0.00 $193.44 $35,582.06
29 $35,582.06 $1,176.43 $0.00 $201.19 $36,959.68
30 $36,959.68 $1,176.43 $0.00 $208.98 $38,345.09
31 $38,345.09 $1,176.43 $0.00 $216.81 $39,738.33
32 $39,738.33 $1,176.43 $0.00 $224.69 $41,139.45
33 $41,139.45 $1,176.43 $0.00 $232.61 $42,548.49
34 $42,548.49 $1,176.43 $0.00 $240.58 $43,965.50
35 $43,965.50 $1,176.43 $0.00 $248.59 $45,390.52
36 $45,390.52 $1,176.43 $0.00 $256.64 $46,823.59
37 $46,823.59 $1,176.43 $0.00 $264.75 $48,264.77
38 $48,264.77 $1,176.43 $0.00 $272.90 $49,714.10
39 $49,714.10 $1,176.43 $0.00 $281.09 $51,171.62
40 $51,171.62 $1,176.43 $0.00 $289.33 $52,637.38
41 $52,637.38 $1,176.43 $0.00 $297.62 $54,111.43
42 $54,111.43 $1,176.43 $0.00 $305.95 $55,593.81
43 $55,593.81 $1,176.43 $0.00 $314.34 $57,084.58
44 $57,084.58 $1,176.43 $0.00 $322.76 $58,583.77
45 $58,583.77 $1,176.43 $0.00 $331.24 $60,091.44
46 $60,091.44 $1,176.43 $0.00 $339.77 $61,607.64
47 $61,607.64 $1,176.43 $0.00 $348.34 $63,132.41
48 $63,132.41 $1,176.43 $0.00 $356.96 $64,665.80
49 $64,665.80 $1,176.43 $0.00 $365.63 $66,207.86
50 $66,207.86 $1,176.43 $0.00 $374.35 $67,758.64
51 $67,758.64 $1,176.43 $0.00 $383.12 $69,318.19
52 $69,318.19 $1,176.43 $0.00 $391.94 $70,886.56
53 $70,886.56 $1,176.43 $0.00 $400.80 $72,463.79
54 $72,463.79 $1,176.43 $0.00 $409.72 $74,049.94
55 $74,049.94 $1,176.43 $0.00 $418.69 $75,645.06
56 $75,645.06 $1,176.43 $0.00 $427.71 $77,249.20
57 $77,249.20 $1,176.43 $0.00 $436.78 $78,862.41
58 $78,862.41 $1,176.43 $0.00 $445.90 $80,484.74
59 $80,484.74 $1,176.43 $0.00 $455.07 $82,116.24
60 $82,116.24 $1,176.43 $0.00 $464.30 $83,756.97
61 $83,756.97 $1,176.43 $0.00 $473.57 $85,406.97
62 $85,406.97 $1,176.43 $0.00 $482.90 $87,066.30
63 $87,066.30 $1,176.43 $0.00 $492.29 $88,735.02
64 $88,735.02 $1,176.43 $0.00 $501.72 $90,413.17
65 $90,413.17 $1,176.43 $0.00 $511.21 $92,100.81
66 $92,100.81 $1,176.43 $0.00 $520.75 $93,797.99
67 $93,797.99 $1,176.43 $0.00 $530.35 $95,504.77
68 $95,504.77 $1,176.43 $0.00 $540.00 $97,221.20
69 $97,221.20 $1,176.43 $0.00 $549.70 $98,947.33
70 $98,947.33 $1,176.43 $0.00 $559.46 $100,683.22
71 $100,683.22 $1,176.43 $0.00 $569.28 $102,428.93
72 $102,428.93 $1,176.43 $0.00 $579.15 $104,184.51
73 $104,184.51 $1,176.43 $0.00 $589.07 $105,950.01
74 $105,950.01 $1,176.43 $0.00 $599.06 $107,725.50
75 $107,725.50 $1,176.43 $0.00 $609.10 $109,511.03
76 $109,511.03 $1,176.43 $0.00 $619.19 $111,306.65
77 $111,306.65 $1,176.43 $0.00 $629.34 $113,112.42
78 $113,112.42 $1,176.43 $0.00 $639.55 $114,928.40
79 $114,928.40 $1,176.43 $0.00 $649.82 $116,754.65
80 $116,754.65 $1,176.43 $0.00 $660.15 $118,591.23
81 $118,591.23 $1,176.43 $0.00 $670.53 $120,438.19
82 $120,438.19 $1,176.43 $0.00 $680.98 $122,295.60
83 $122,295.60 $1,176.43 $0.00 $691.48 $124,163.51
84 $124,163.51 $1,176.43 $0.00 $702.04 $126,041.98
85 $126,041.98 $1,176.43 $0.00 $712.66 $127,931.07
86 $127,931.07 $1,176.43 $0.00 $723.34 $129,830.84
87 $129,830.84 $1,176.43 $0.00 $734.08 $131,741.35
88 $131,741.35 $1,176.43 $0.00 $744.88 $133,662.66
89 $133,662.66 $1,176.43 $0.00 $755.75 $135,594.84
90 $135,594.84 $1,176.43 $0.00 $766.67 $137,537.94
91 $137,537.94 $1,176.43 $0.00 $777.66 $139,492.03
92 $139,492.03 $1,176.43 $0.00 $788.71 $141,457.17
93 $141,457.17 $1,176.43 $0.00 $799.82 $143,433.42
94 $143,433.42 $1,176.43 $0.00 $810.99 $145,420.84
95 $145,420.84 $1,176.43 $0.00 $822.23 $147,419.50
96 $147,419.50 $1,176.43 $0.00 $833.53 $149,429.46
97 $149,429.46 $1,176.43 $0.00 $844.90 $151,450.79
98 $151,450.79 $1,176.43 $0.00 $856.32 $153,483.54
99 $153,483.54 $1,176.43 $0.00 $867.82 $155,527.79
100 $155,527.79 $1,176.43 $0.00 $879.38 $157,583.60
101 $157,583.60 $1,176.43 $0.00 $891.00 $159,651.03
102 $159,651.03 $1,176.43 $0.00 $902.69 $161,730.15
103 $161,730.15 $1,176.43 $0.00 $914.45 $163,821.03
104 $163,821.03 $1,176.43 $0.00 $926.27 $165,923.73
105 $165,923.73 $1,176.43 $0.00 $938.16 $168,038.32
106 $168,038.32 $1,176.43 $0.00 $950.11 $170,164.86
107 $170,164.86 $1,176.43 $0.00 $962.14 $172,303.43
108 $172,303.43 $1,176.43 $0.00 $974.23 $174,454.09
109 $174,454.09 $1,176.43 $0.00 $986.39 $176,616.91
110 $176,616.91 $1,176.43 $0.00 $998.62 $178,791.96
111 $178,791.96 $1,176.43 $0.00 $1,010.92 $180,979.31
112 $180,979.31 $1,176.43 $0.00 $1,023.28 $183,179.02
113 $183,179.02 $1,176.43 $0.00 $1,035.72 $185,391.17
114 $185,391.17 $1,176.43 $0.00 $1,048.23 $187,615.83
115 $187,615.83 $1,176.43 $0.00 $1,060.81 $189,853.07
116 $189,853.07 $1,176.43 $0.00 $1,073.46 $192,102.96
117 $192,102.96 $1,176.43 $0.00 $1,086.18 $194,365.57
118 $194,365.57 $1,176.43 $0.00 $1,098.97 $196,640.97
119 $196,640.97 $1,176.43 $0.00 $1,111.84 $198,929.24
120 $198,929.24 $1,176.43 $0.00 $1,124.77 $201,230.44
121 $201,230.44 $1,176.43 $0.00 $1,137.79 $203,544.66
122 $203,544.66 $1,176.43 $0.00 $1,150.87 $205,871.96
123 $205,871.96 $1,176.43 $0.00 $1,164.03 $208,212.42
124 $208,212.42 $1,176.43 $0.00 $1,177.26 $210,566.11
125 $210,566.11 $1,176.43 $0.00 $1,190.57 $212,933.11
126 $212,933.11 $1,176.43 $0.00 $1,203.95 $215,313.49
127 $215,313.49 $1,176.43 $0.00 $1,217.41 $217,707.33
128 $217,707.33 $1,176.43 $0.00 $1,230.95 $220,114.71
129 $220,114.71 $1,176.43 $0.00 $1,244.56 $222,535.70
130 $222,535.70 $1,176.43 $0.00 $1,258.25 $224,970.38
131 $224,970.38 $1,176.43 $0.00 $1,272.02 $227,418.83
132 $227,418.83 $1,176.43 $0.00 $1,285.86 $229,881.12
133 $229,881.12 $1,176.43 $0.00 $1,299.78 $232,357.33
134 $232,357.33 $1,176.43 $0.00 $1,313.78 $234,847.54
135 $234,847.54 $1,176.43 $0.00 $1,327.86 $237,351.83
136 $237,351.83 $1,176.43 $0.00 $1,342.02 $239,870.28
137 $239,870.28 $1,176.43 $0.00 $1,356.26 $242,402.97
138 $242,402.97 $1,176.43 $0.00 $1,370.58 $244,949.98
139 $244,949.98 $1,176.43 $0.00 $1,384.98 $247,511.39
140 $247,511.39 $1,176.43 $0.00 $1,399.47 $250,087.29
141 $250,087.29 $1,176.43 $0.00 $1,414.03 $252,677.75
142 $252,677.75 $1,176.43 $0.00 $1,428.68 $255,282.86
143 $255,282.86 $1,176.43 $0.00 $1,443.41 $257,902.70
144 $257,902.70 $1,176.43 $0.00 $1,458.22 $260,537.35
145 $260,537.35 $1,176.43 $0.00 $1,473.12 $263,186.90
146 $263,186.90 $1,176.43 $0.00 $1,488.10 $265,851.43
147 $265,851.43 $1,176.43 $0.00 $1,503.16 $268,531.02
148 $268,531.02 $1,176.43 $0.00 $1,518.31 $271,225.76
149 $271,225.76 $1,176.43 $0.00 $1,533.55 $273,935.74
150 $273,935.74 $1,176.43 $0.00 $1,548.87 $276,661.04
151 $276,661.04 $1,176.43 $0.00 $1,564.28 $279,401.75
152 $279,401.75 $1,176.43 $0.00 $1,579.78 $282,157.96
153 $282,157.96 $1,176.43 $0.00 $1,595.36 $284,929.75
154 $284,929.75 $1,176.43 $0.00 $1,611.03 $287,717.21
155 $287,717.21 $1,176.43 $0.00 $1,626.79 $290,520.43
156 $290,520.43 $1,176.43 $0.00 $1,642.64 $293,339.50
157 $293,339.50 $1,176.43 $0.00 $1,658.58 $296,174.51
158 $296,174.51 $1,176.43 $0.00 $1,674.61 $299,025.55
159 $299,025.55 $1,176.43 $0.00 $1,690.73 $301,892.71
160 $301,892.71 $1,176.43 $0.00 $1,706.95 $304,776.09
161 $304,776.09 $1,176.43 $0.00 $1,723.25 $307,675.77
162 $307,675.77 $1,176.43 $0.00 $1,739.64 $310,591.84
163 $310,591.84 $1,176.43 $0.00 $1,756.13 $313,524.40
164 $313,524.40 $1,176.43 $0.00 $1,772.71 $316,473.54
165 $316,473.54 $1,176.43 $0.00 $1,789.39 $319,439.36
166 $319,439.36 $1,176.43 $0.00 $1,806.16 $322,421.95
167 $322,421.95 $1,176.43 $0.00 $1,823.02 $325,421.40
168 $325,421.40 $1,176.43 $0.00 $1,839.98 $328,437.81
169 $328,437.81 $1,176.43 $0.00 $1,857.04 $331,471.28
170 $331,471.28 $1,176.43 $0.00 $1,874.19 $334,521.90
171 $334,521.90 $1,176.43 $0.00 $1,891.44 $337,589.77
172 $337,589.77 $1,176.43 $0.00 $1,908.78 $340,674.98
173 $340,674.98 $1,176.43 $0.00 $1,926.23 $343,777.64
174 $343,777.64 $1,176.43 $0.00 $1,943.77 $346,897.84
175 $346,897.84 $1,176.43 $0.00 $1,961.41 $350,035.68
176 $350,035.68 $1,176.43 $0.00 $1,979.15 $353,191.26
177 $353,191.26 $1,176.43 $0.00 $1,996.99 $356,364.68
178 $356,364.68 $1,176.43 $0.00 $2,014.94 $359,556.05
179 $359,556.05 $1,176.43 $0.00 $2,032.98 $362,765.46
180 $362,765.46 $1,176.43 $0.00 $2,051.13 $365,993.02
181 $365,993.02 $1,176.43 $0.00 $2,069.38 $369,238.83
182 $369,238.83 $1,176.43 $0.00 $2,087.73 $372,502.99
183 $372,502.99 $1,176.43 $0.00 $2,106.19 $375,785.61
184 $375,785.61 $1,176.43 $0.00 $2,124.75 $379,086.79
185 $379,086.79 $1,176.43 $0.00 $2,143.41 $382,406.63
186 $382,406.63 $1,176.43 $0.00 $2,162.18 $385,745.24
187 $385,745.24 $1,176.43 $0.00 $2,181.06 $389,102.73
188 $389,102.73 $1,176.43 $0.00 $2,200.04 $392,479.20
189 $392,479.20 $1,176.43 $0.00 $2,219.13 $395,874.76
190 $395,874.76 $1,176.43 $0.00 $2,238.33 $399,289.52
191 $399,289.52 $1,176.43 $0.00 $2,257.64 $402,723.59
192 $402,723.59 $1,176.43 $0.00 $2,277.06 $406,177.08
193 $406,177.08 $1,176.43 $0.00 $2,296.58 $409,650.09
194 $409,650.09 $1,176.43 $0.00 $2,316.22 $413,142.74
195 $413,142.74 $1,176.43 $0.00 $2,335.97 $416,655.14
196 $416,655.14 $1,176.43 $0.00 $2,355.83 $420,187.40
197 $420,187.40 $1,176.43 $0.00 $2,375.80 $423,739.63
198 $423,739.63 $1,176.43 $0.00 $2,395.89 $427,311.95
199 $427,311.95 $1,176.43 $0.00 $2,416.08 $430,904.46
200 $430,904.46 $1,176.43 $0.00 $2,436.40 $434,517.29
201 $434,517.29 $1,176.43 $0.00 $2,456.82 $438,150.54
202 $438,150.54 $1,176.43 $0.00 $2,477.37 $441,804.34
203 $441,804.34 $1,176.43 $0.00 $2,498.03 $445,478.80
204 $445,478.80 $1,176.43 $0.00 $2,518.80 $449,174.03
205 $449,174.03 $1,176.43 $0.00 $2,539.70 $452,890.16
206 $452,890.16 $1,176.43 $0.00 $2,560.71 $456,627.30
207 $456,627.30 $1,176.43 $0.00 $2,581.84 $460,385.57
208 $460,385.57 $1,176.43 $0.00 $2,603.09 $464,165.09
209 $464,165.09 $1,176.43 $0.00 $2,624.46 $467,965.98
210 $467,965.98 $1,176.43 $0.00 $2,645.95 $471,788.36
211 $471,788.36 $1,176.43 $0.00 $2,667.56 $475,632.35
212 $475,632.35 $1,176.43 $0.00 $2,689.29 $479,498.07
213 $479,498.07 $1,176.43 $0.00 $2,711.15 $483,385.65
214 $483,385.65 $1,176.43 $0.00 $2,733.13 $487,295.21
215 $487,295.21 $1,176.43 $0.00 $2,755.24 $491,226.88
216 $491,226.88 $1,176.43 $0.00 $2,777.47 $495,180.78
217 $495,180.78 $1,176.43 $137,923.35 $2,799.82 $361,233.68
218 $361,233.68 $1,176.43 $0.00 $2,042.47 $364,452.58
219 $364,452.58 $1,176.43 $0.00 $2,060.67 $367,689.68
220 $367,689.68 $1,176.43 $0.00 $2,078.97 $370,945.08
221 $370,945.08 $1,176.43 $0.00 $2,097.38 $374,218.89
222 $374,218.89 $1,176.43 $0.00 $2,115.89 $377,511.21
223 $377,511.21 $1,176.43 $0.00 $2,134.50 $380,822.14
224 $380,822.14 $1,176.43 $0.00 $2,153.22 $384,151.79
225 $384,151.79 $1,176.43 $0.00 $2,172.05 $387,500.27
226 $387,500.27 $1,176.43 $0.00 $2,190.98 $390,867.68
227 $390,867.68 $1,176.43 $0.00 $2,210.02 $394,254.13
228 $394,254.13 $1,176.43 $0.00 $2,229.17 $397,659.73
229 $397,659.73 $1,176.43 $144,819.52 $2,248.43 $256,265.07
230 $256,265.07 $1,176.43 $0.00 $1,448.96 $258,890.46
231 $258,890.46 $1,176.43 $0.00 $1,463.80 $261,530.69
232 $261,530.69 $1,176.43 $0.00 $1,478.73 $264,185.85
233 $264,185.85 $1,176.43 $0.00 $1,493.75 $266,856.03
234 $266,856.03 $1,176.43 $0.00 $1,508.84 $269,541.30
235 $269,541.30 $1,176.43 $0.00 $1,524.03 $272,241.76
236 $272,241.76 $1,176.43 $0.00 $1,539.29 $274,957.48
237 $274,957.48 $1,176.43 $0.00 $1,554.65 $277,688.56
238 $277,688.56 $1,176.43 $0.00 $1,570.09 $280,435.08
239 $280,435.08 $1,176.43 $0.00 $1,585.62 $283,197.13
240 $283,197.13 $1,176.43 $0.00 $1,601.24 $285,974.80
241 $285,974.80 $1,176.43 $152,060.49 $1,616.94 $136,707.68
242 $136,707.68 $1,176.43 $0.00 $772.97 $138,657.08
243 $138,657.08 $1,176.43 $0.00 $783.99 $140,617.50
244 $140,617.50 $1,176.43 $0.00 $795.07 $142,589.00
245 $142,589.00 $1,176.43 $0.00 $806.22 $144,571.65
246 $144,571.65 $1,176.43 $0.00 $817.43 $146,565.51
247 $146,565.51 $1,176.43 $0.00 $828.70 $148,570.64
248 $148,570.64 $1,176.43 $0.00 $840.04 $150,587.11
249 $150,587.11 $1,176.43 $0.00 $851.44 $152,614.98
250 $152,614.98 $1,176.43 $0.00 $862.91 $154,654.32
251 $154,654.32 $1,176.43 $0.00 $874.44 $156,705.19
252 $156,705.19 $1,176.43 $0.00 $886.03 $158,767.65
253 $158,767.65 $0.00 $159,663.52 $897.70 $1.83