How much will it cost and what do you need to save?
Estimated Annual Cost in 2041 | $61,827 |
Monthly savings required | $489 |
How much will it cost to send your child to University of Southern Maine in 18 years and how much do you need to save? A 4 year degree is estimated to be priced at $247,309.01 for students enrolling in 2041 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $489.41 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 | $23,842.00 |
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 Southern Maine in the future.
Month | Begin | Deposit | Withdraw | Interest | End |
---|---|---|---|---|---|
1 | $0.00 | $489.41 | $0.00 | $0.00 | $489.41 |
2 | $489.41 | $489.41 | $0.00 | $2.77 | $981.59 |
3 | $981.59 | $489.41 | $0.00 | $5.55 | $1,476.55 |
4 | $1,476.55 | $489.41 | $0.00 | $8.35 | $1,974.31 |
5 | $1,974.31 | $489.41 | $0.00 | $11.16 | $2,474.88 |
6 | $2,474.88 | $489.41 | $0.00 | $13.99 | $2,978.28 |
7 | $2,978.28 | $489.41 | $0.00 | $16.84 | $3,484.53 |
8 | $3,484.53 | $489.41 | $0.00 | $19.70 | $3,993.64 |
9 | $3,993.64 | $489.41 | $0.00 | $22.58 | $4,505.63 |
10 | $4,505.63 | $489.41 | $0.00 | $25.48 | $5,020.52 |
11 | $5,020.52 | $489.41 | $0.00 | $28.39 | $5,538.32 |
12 | $5,538.32 | $489.41 | $0.00 | $31.31 | $6,059.04 |
13 | $6,059.04 | $489.41 | $0.00 | $34.26 | $6,582.71 |
14 | $6,582.71 | $489.41 | $0.00 | $37.22 | $7,109.34 |
15 | $7,109.34 | $489.41 | $0.00 | $40.20 | $7,638.95 |
16 | $7,638.95 | $489.41 | $0.00 | $43.19 | $8,171.55 |
17 | $8,171.55 | $489.41 | $0.00 | $46.20 | $8,707.16 |
18 | $8,707.16 | $489.41 | $0.00 | $49.23 | $9,245.80 |
19 | $9,245.80 | $489.41 | $0.00 | $52.28 | $9,787.49 |
20 | $9,787.49 | $489.41 | $0.00 | $55.34 | $10,332.24 |
21 | $10,332.24 | $489.41 | $0.00 | $58.42 | $10,880.07 |
22 | $10,880.07 | $489.41 | $0.00 | $61.52 | $11,431.00 |
23 | $11,431.00 | $489.41 | $0.00 | $64.63 | $11,985.04 |
24 | $11,985.04 | $489.41 | $0.00 | $67.77 | $12,542.22 |
25 | $12,542.22 | $489.41 | $0.00 | $70.92 | $13,102.55 |
26 | $13,102.55 | $489.41 | $0.00 | $74.08 | $13,666.04 |
27 | $13,666.04 | $489.41 | $0.00 | $77.27 | $14,232.72 |
28 | $14,232.72 | $489.41 | $0.00 | $80.47 | $14,802.60 |
29 | $14,802.60 | $489.41 | $0.00 | $83.70 | $15,375.71 |
30 | $15,375.71 | $489.41 | $0.00 | $86.94 | $15,952.06 |
31 | $15,952.06 | $489.41 | $0.00 | $90.20 | $16,531.67 |
32 | $16,531.67 | $489.41 | $0.00 | $93.47 | $17,114.55 |
33 | $17,114.55 | $489.41 | $0.00 | $96.77 | $17,700.73 |
34 | $17,700.73 | $489.41 | $0.00 | $100.08 | $18,290.22 |
35 | $18,290.22 | $489.41 | $0.00 | $103.42 | $18,883.05 |
36 | $18,883.05 | $489.41 | $0.00 | $106.77 | $19,479.23 |
37 | $19,479.23 | $489.41 | $0.00 | $110.14 | $20,078.78 |
38 | $20,078.78 | $489.41 | $0.00 | $113.53 | $20,681.72 |
39 | $20,681.72 | $489.41 | $0.00 | $116.94 | $21,288.07 |
40 | $21,288.07 | $489.41 | $0.00 | $120.37 | $21,897.85 |
41 | $21,897.85 | $489.41 | $0.00 | $123.81 | $22,511.07 |
42 | $22,511.07 | $489.41 | $0.00 | $127.28 | $23,127.76 |
43 | $23,127.76 | $489.41 | $0.00 | $130.77 | $23,747.94 |
44 | $23,747.94 | $489.41 | $0.00 | $134.27 | $24,371.62 |
45 | $24,371.62 | $489.41 | $0.00 | $137.80 | $24,998.83 |
46 | $24,998.83 | $489.41 | $0.00 | $141.35 | $25,629.59 |
47 | $25,629.59 | $489.41 | $0.00 | $144.91 | $26,263.91 |
48 | $26,263.91 | $489.41 | $0.00 | $148.50 | $26,901.82 |
49 | $26,901.82 | $489.41 | $0.00 | $152.11 | $27,543.34 |
50 | $27,543.34 | $489.41 | $0.00 | $155.73 | $28,188.48 |
51 | $28,188.48 | $489.41 | $0.00 | $159.38 | $28,837.27 |
52 | $28,837.27 | $489.41 | $0.00 | $163.05 | $29,489.73 |
53 | $29,489.73 | $489.41 | $0.00 | $166.74 | $30,145.88 |
54 | $30,145.88 | $489.41 | $0.00 | $170.45 | $30,805.74 |
55 | $30,805.74 | $489.41 | $0.00 | $174.18 | $31,469.33 |
56 | $31,469.33 | $489.41 | $0.00 | $177.93 | $32,136.67 |
57 | $32,136.67 | $489.41 | $0.00 | $181.71 | $32,807.79 |
58 | $32,807.79 | $489.41 | $0.00 | $185.50 | $33,482.70 |
59 | $33,482.70 | $489.41 | $0.00 | $189.32 | $34,161.43 |
60 | $34,161.43 | $489.41 | $0.00 | $193.15 | $34,843.99 |
61 | $34,843.99 | $489.41 | $0.00 | $197.01 | $35,530.41 |
62 | $35,530.41 | $489.41 | $0.00 | $200.89 | $36,220.71 |
63 | $36,220.71 | $489.41 | $0.00 | $204.80 | $36,914.92 |
64 | $36,914.92 | $489.41 | $0.00 | $208.72 | $37,613.05 |
65 | $37,613.05 | $489.41 | $0.00 | $212.67 | $38,315.13 |
66 | $38,315.13 | $489.41 | $0.00 | $216.64 | $39,021.18 |
67 | $39,021.18 | $489.41 | $0.00 | $220.63 | $39,731.22 |
68 | $39,731.22 | $489.41 | $0.00 | $224.65 | $40,445.28 |
69 | $40,445.28 | $489.41 | $0.00 | $228.68 | $41,163.37 |
70 | $41,163.37 | $489.41 | $0.00 | $232.74 | $41,885.52 |
71 | $41,885.52 | $489.41 | $0.00 | $236.83 | $42,611.76 |
72 | $42,611.76 | $489.41 | $0.00 | $240.93 | $43,342.10 |
73 | $43,342.10 | $489.41 | $0.00 | $245.06 | $44,076.57 |
74 | $44,076.57 | $489.41 | $0.00 | $249.22 | $44,815.20 |
75 | $44,815.20 | $489.41 | $0.00 | $253.39 | $45,558.00 |
76 | $45,558.00 | $489.41 | $0.00 | $257.59 | $46,305.00 |
77 | $46,305.00 | $489.41 | $0.00 | $261.82 | $47,056.23 |
78 | $47,056.23 | $489.41 | $0.00 | $266.06 | $47,811.70 |
79 | $47,811.70 | $489.41 | $0.00 | $270.33 | $48,571.44 |
80 | $48,571.44 | $489.41 | $0.00 | $274.63 | $49,335.48 |
81 | $49,335.48 | $489.41 | $0.00 | $278.95 | $50,103.84 |
82 | $50,103.84 | $489.41 | $0.00 | $283.29 | $50,876.54 |
83 | $50,876.54 | $489.41 | $0.00 | $287.66 | $51,653.61 |
84 | $51,653.61 | $489.41 | $0.00 | $292.06 | $52,435.08 |
85 | $52,435.08 | $489.41 | $0.00 | $296.48 | $53,220.97 |
86 | $53,220.97 | $489.41 | $0.00 | $300.92 | $54,011.30 |
87 | $54,011.30 | $489.41 | $0.00 | $305.39 | $54,806.10 |
88 | $54,806.10 | $489.41 | $0.00 | $309.88 | $55,605.39 |
89 | $55,605.39 | $489.41 | $0.00 | $314.40 | $56,409.20 |
90 | $56,409.20 | $489.41 | $0.00 | $318.95 | $57,217.56 |
91 | $57,217.56 | $489.41 | $0.00 | $323.52 | $58,030.49 |
92 | $58,030.49 | $489.41 | $0.00 | $328.11 | $58,848.01 |
93 | $58,848.01 | $489.41 | $0.00 | $332.74 | $59,670.16 |
94 | $59,670.16 | $489.41 | $0.00 | $337.38 | $60,496.95 |
95 | $60,496.95 | $489.41 | $0.00 | $342.06 | $61,328.42 |
96 | $61,328.42 | $489.41 | $0.00 | $346.76 | $62,164.59 |
97 | $62,164.59 | $489.41 | $0.00 | $351.49 | $63,005.49 |
98 | $63,005.49 | $489.41 | $0.00 | $356.24 | $63,851.14 |
99 | $63,851.14 | $489.41 | $0.00 | $361.02 | $64,701.57 |
100 | $64,701.57 | $489.41 | $0.00 | $365.83 | $65,556.81 |
101 | $65,556.81 | $489.41 | $0.00 | $370.67 | $66,416.89 |
102 | $66,416.89 | $489.41 | $0.00 | $375.53 | $67,281.83 |
103 | $67,281.83 | $489.41 | $0.00 | $380.42 | $68,151.66 |
104 | $68,151.66 | $489.41 | $0.00 | $385.34 | $69,026.41 |
105 | $69,026.41 | $489.41 | $0.00 | $390.29 | $69,906.11 |
106 | $69,906.11 | $489.41 | $0.00 | $395.26 | $70,790.78 |
107 | $70,790.78 | $489.41 | $0.00 | $400.26 | $71,680.45 |
108 | $71,680.45 | $489.41 | $0.00 | $405.29 | $72,575.15 |
109 | $72,575.15 | $489.41 | $0.00 | $410.35 | $73,474.91 |
110 | $73,474.91 | $489.41 | $0.00 | $415.44 | $74,379.76 |
111 | $74,379.76 | $489.41 | $0.00 | $420.55 | $75,289.72 |
112 | $75,289.72 | $489.41 | $0.00 | $425.70 | $76,204.83 |
113 | $76,204.83 | $489.41 | $0.00 | $430.87 | $77,125.11 |
114 | $77,125.11 | $489.41 | $0.00 | $436.08 | $78,050.60 |
115 | $78,050.60 | $489.41 | $0.00 | $441.31 | $78,981.32 |
116 | $78,981.32 | $489.41 | $0.00 | $446.57 | $79,917.30 |
117 | $79,917.30 | $489.41 | $0.00 | $451.86 | $80,858.57 |
118 | $80,858.57 | $489.41 | $0.00 | $457.19 | $81,805.17 |
119 | $81,805.17 | $489.41 | $0.00 | $462.54 | $82,757.12 |
120 | $82,757.12 | $489.41 | $0.00 | $467.92 | $83,714.45 |
121 | $83,714.45 | $489.41 | $0.00 | $473.33 | $84,677.19 |
122 | $84,677.19 | $489.41 | $0.00 | $478.78 | $85,645.38 |
123 | $85,645.38 | $489.41 | $0.00 | $484.25 | $86,619.04 |
124 | $86,619.04 | $489.41 | $0.00 | $489.76 | $87,598.21 |
125 | $87,598.21 | $489.41 | $0.00 | $495.29 | $88,582.91 |
126 | $88,582.91 | $489.41 | $0.00 | $500.86 | $89,573.18 |
127 | $89,573.18 | $489.41 | $0.00 | $506.46 | $90,569.05 |
128 | $90,569.05 | $489.41 | $0.00 | $512.09 | $91,570.55 |
129 | $91,570.55 | $489.41 | $0.00 | $517.75 | $92,577.71 |
130 | $92,577.71 | $489.41 | $0.00 | $523.45 | $93,590.57 |
131 | $93,590.57 | $489.41 | $0.00 | $529.17 | $94,609.15 |
132 | $94,609.15 | $489.41 | $0.00 | $534.93 | $95,633.49 |
133 | $95,633.49 | $489.41 | $0.00 | $540.73 | $96,663.63 |
134 | $96,663.63 | $489.41 | $0.00 | $546.55 | $97,699.59 |
135 | $97,699.59 | $489.41 | $0.00 | $552.41 | $98,741.41 |
136 | $98,741.41 | $489.41 | $0.00 | $558.30 | $99,789.12 |
137 | $99,789.12 | $489.41 | $0.00 | $564.22 | $100,842.75 |
138 | $100,842.75 | $489.41 | $0.00 | $570.18 | $101,902.34 |
139 | $101,902.34 | $489.41 | $0.00 | $576.17 | $102,967.92 |
140 | $102,967.92 | $489.41 | $0.00 | $582.20 | $104,039.53 |
141 | $104,039.53 | $489.41 | $0.00 | $588.25 | $105,117.19 |
142 | $105,117.19 | $489.41 | $0.00 | $594.35 | $106,200.95 |
143 | $106,200.95 | $489.41 | $0.00 | $600.48 | $107,290.84 |
144 | $107,290.84 | $489.41 | $0.00 | $606.64 | $108,386.89 |
145 | $108,386.89 | $489.41 | $0.00 | $612.84 | $109,489.14 |
146 | $109,489.14 | $489.41 | $0.00 | $619.07 | $110,597.62 |
147 | $110,597.62 | $489.41 | $0.00 | $625.34 | $111,712.37 |
148 | $111,712.37 | $489.41 | $0.00 | $631.64 | $112,833.42 |
149 | $112,833.42 | $489.41 | $0.00 | $637.98 | $113,960.81 |
150 | $113,960.81 | $489.41 | $0.00 | $644.35 | $115,094.57 |
151 | $115,094.57 | $489.41 | $0.00 | $650.76 | $116,234.74 |
152 | $116,234.74 | $489.41 | $0.00 | $657.21 | $117,381.36 |
153 | $117,381.36 | $489.41 | $0.00 | $663.69 | $118,534.46 |
154 | $118,534.46 | $489.41 | $0.00 | $670.21 | $119,694.08 |
155 | $119,694.08 | $489.41 | $0.00 | $676.77 | $120,860.26 |
156 | $120,860.26 | $489.41 | $0.00 | $683.36 | $122,033.03 |
157 | $122,033.03 | $489.41 | $0.00 | $689.99 | $123,212.43 |
158 | $123,212.43 | $489.41 | $0.00 | $696.66 | $124,398.50 |
159 | $124,398.50 | $489.41 | $0.00 | $703.37 | $125,591.28 |
160 | $125,591.28 | $489.41 | $0.00 | $710.11 | $126,790.80 |
161 | $126,790.80 | $489.41 | $0.00 | $716.89 | $127,997.10 |
162 | $127,997.10 | $489.41 | $0.00 | $723.71 | $129,210.22 |
163 | $129,210.22 | $489.41 | $0.00 | $730.57 | $130,430.20 |
164 | $130,430.20 | $489.41 | $0.00 | $737.47 | $131,657.08 |
165 | $131,657.08 | $489.41 | $0.00 | $744.41 | $132,890.90 |
166 | $132,890.90 | $489.41 | $0.00 | $751.38 | $134,131.69 |
167 | $134,131.69 | $489.41 | $0.00 | $758.40 | $135,379.50 |
168 | $135,379.50 | $489.41 | $0.00 | $765.46 | $136,634.37 |
169 | $136,634.37 | $489.41 | $0.00 | $772.55 | $137,896.33 |
170 | $137,896.33 | $489.41 | $0.00 | $779.69 | $139,165.43 |
171 | $139,165.43 | $489.41 | $0.00 | $786.86 | $140,441.70 |
172 | $140,441.70 | $489.41 | $0.00 | $794.08 | $141,725.19 |
173 | $141,725.19 | $489.41 | $0.00 | $801.33 | $143,015.93 |
174 | $143,015.93 | $489.41 | $0.00 | $808.63 | $144,313.97 |
175 | $144,313.97 | $489.41 | $0.00 | $815.97 | $145,619.35 |
176 | $145,619.35 | $489.41 | $0.00 | $823.35 | $146,932.11 |
177 | $146,932.11 | $489.41 | $0.00 | $830.78 | $148,252.30 |
178 | $148,252.30 | $489.41 | $0.00 | $838.24 | $149,579.95 |
179 | $149,579.95 | $489.41 | $0.00 | $845.75 | $150,915.11 |
180 | $150,915.11 | $489.41 | $0.00 | $853.30 | $152,257.82 |
181 | $152,257.82 | $489.41 | $0.00 | $860.89 | $153,608.12 |
182 | $153,608.12 | $489.41 | $0.00 | $868.52 | $154,966.05 |
183 | $154,966.05 | $489.41 | $0.00 | $876.20 | $156,331.66 |
184 | $156,331.66 | $489.41 | $0.00 | $883.92 | $157,704.99 |
185 | $157,704.99 | $489.41 | $0.00 | $891.69 | $159,086.09 |
186 | $159,086.09 | $489.41 | $0.00 | $899.50 | $160,475.00 |
187 | $160,475.00 | $489.41 | $0.00 | $907.35 | $161,871.76 |
188 | $161,871.76 | $489.41 | $0.00 | $915.25 | $163,276.42 |
189 | $163,276.42 | $489.41 | $0.00 | $923.19 | $164,689.02 |
190 | $164,689.02 | $489.41 | $0.00 | $931.18 | $166,109.61 |
191 | $166,109.61 | $489.41 | $0.00 | $939.21 | $167,538.23 |
192 | $167,538.23 | $489.41 | $0.00 | $947.29 | $168,974.93 |
193 | $168,974.93 | $489.41 | $0.00 | $955.41 | $170,419.75 |
194 | $170,419.75 | $489.41 | $0.00 | $963.58 | $171,872.74 |
195 | $171,872.74 | $489.41 | $0.00 | $971.79 | $173,333.94 |
196 | $173,333.94 | $489.41 | $0.00 | $980.06 | $174,803.41 |
197 | $174,803.41 | $489.41 | $0.00 | $988.36 | $176,281.18 |
198 | $176,281.18 | $489.41 | $0.00 | $996.72 | $177,767.31 |
199 | $177,767.31 | $489.41 | $0.00 | $1,005.12 | $179,261.84 |
200 | $179,261.84 | $489.41 | $0.00 | $1,013.57 | $180,764.82 |
201 | $180,764.82 | $489.41 | $0.00 | $1,022.07 | $182,276.30 |
202 | $182,276.30 | $489.41 | $0.00 | $1,030.62 | $183,796.33 |
203 | $183,796.33 | $489.41 | $0.00 | $1,039.21 | $185,324.95 |
204 | $185,324.95 | $489.41 | $0.00 | $1,047.85 | $186,862.21 |
205 | $186,862.21 | $489.41 | $0.00 | $1,056.55 | $188,408.17 |
206 | $188,408.17 | $489.41 | $0.00 | $1,065.29 | $189,962.87 |
207 | $189,962.87 | $489.41 | $0.00 | $1,074.08 | $191,526.36 |
208 | $191,526.36 | $489.41 | $0.00 | $1,082.92 | $193,098.69 |
209 | $193,098.69 | $489.41 | $0.00 | $1,091.81 | $194,679.91 |
210 | $194,679.91 | $489.41 | $0.00 | $1,100.75 | $196,270.07 |
211 | $196,270.07 | $489.41 | $0.00 | $1,109.74 | $197,869.22 |
212 | $197,869.22 | $489.41 | $0.00 | $1,118.78 | $199,477.41 |
213 | $199,477.41 | $489.41 | $0.00 | $1,127.87 | $201,094.69 |
214 | $201,094.69 | $489.41 | $0.00 | $1,137.02 | $202,721.12 |
215 | $202,721.12 | $489.41 | $0.00 | $1,146.21 | $204,356.74 |
216 | $204,356.74 | $489.41 | $0.00 | $1,155.46 | $206,001.61 |
217 | $206,001.61 | $489.41 | $57,378.62 | $1,164.76 | $150,277.16 |
218 | $150,277.16 | $489.41 | $0.00 | $849.69 | $151,616.26 |
219 | $151,616.26 | $489.41 | $0.00 | $857.26 | $152,962.93 |
220 | $152,962.93 | $489.41 | $0.00 | $864.87 | $154,317.21 |
221 | $154,317.21 | $489.41 | $0.00 | $872.53 | $155,679.15 |
222 | $155,679.15 | $489.41 | $0.00 | $880.23 | $157,048.79 |
223 | $157,048.79 | $489.41 | $0.00 | $887.98 | $158,426.18 |
224 | $158,426.18 | $489.41 | $0.00 | $895.76 | $159,811.35 |
225 | $159,811.35 | $489.41 | $0.00 | $903.60 | $161,204.36 |
226 | $161,204.36 | $489.41 | $0.00 | $911.47 | $162,605.24 |
227 | $162,605.24 | $489.41 | $0.00 | $919.39 | $164,014.04 |
228 | $164,014.04 | $489.41 | $0.00 | $927.36 | $165,430.81 |
229 | $165,430.81 | $489.41 | $60,247.55 | $935.37 | $106,608.04 |
230 | $106,608.04 | $489.41 | $0.00 | $602.78 | $107,700.23 |
231 | $107,700.23 | $489.41 | $0.00 | $608.95 | $108,798.59 |
232 | $108,798.59 | $489.41 | $0.00 | $615.16 | $109,903.16 |
233 | $109,903.16 | $489.41 | $0.00 | $621.41 | $111,013.98 |
234 | $111,013.98 | $489.41 | $0.00 | $627.69 | $112,131.08 |
235 | $112,131.08 | $489.41 | $0.00 | $634.01 | $113,254.50 |
236 | $113,254.50 | $489.41 | $0.00 | $640.36 | $114,384.27 |
237 | $114,384.27 | $489.41 | $0.00 | $646.75 | $115,520.43 |
238 | $115,520.43 | $489.41 | $0.00 | $653.17 | $116,663.01 |
239 | $116,663.01 | $489.41 | $0.00 | $659.63 | $117,812.05 |
240 | $117,812.05 | $489.41 | $0.00 | $666.13 | $118,967.59 |
241 | $118,967.59 | $489.41 | $63,259.92 | $672.66 | $56,869.74 |
242 | $56,869.74 | $489.41 | $0.00 | $321.55 | $57,680.70 |
243 | $57,680.70 | $489.41 | $0.00 | $326.14 | $58,496.25 |
244 | $58,496.25 | $489.41 | $0.00 | $330.75 | $59,316.41 |
245 | $59,316.41 | $489.41 | $0.00 | $335.38 | $60,141.20 |
246 | $60,141.20 | $489.41 | $0.00 | $340.05 | $60,970.66 |
247 | $60,970.66 | $489.41 | $0.00 | $344.74 | $61,804.81 |
248 | $61,804.81 | $489.41 | $0.00 | $349.45 | $62,643.67 |
249 | $62,643.67 | $489.41 | $0.00 | $354.20 | $63,487.28 |
250 | $63,487.28 | $489.41 | $0.00 | $358.97 | $64,335.66 |
251 | $64,335.66 | $489.41 | $0.00 | $363.76 | $65,188.83 |
252 | $65,188.83 | $489.41 | $0.00 | $368.59 | $66,046.83 |
253 | $66,046.83 | $0.00 | $66,422.92 | $373.44 | ($2.65) |