Savings Plan and Future Cost Estimation for University of Southern Maine

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$59,078
Monthly savings required$468

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 $236,313.81 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $467.65 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$22,782.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $467.65 $0.00 $0.00 $467.65
2 $467.65 $467.65 $0.00 $2.64 $937.94
3 $937.94 $467.65 $0.00 $5.30 $1,410.89
4 $1,410.89 $467.65 $0.00 $7.98 $1,886.52
5 $1,886.52 $467.65 $0.00 $10.67 $2,364.84
6 $2,364.84 $467.65 $0.00 $13.37 $2,845.86
7 $2,845.86 $467.65 $0.00 $16.09 $3,329.60
8 $3,329.60 $467.65 $0.00 $18.83 $3,816.08
9 $3,816.08 $467.65 $0.00 $21.58 $4,305.31
10 $4,305.31 $467.65 $0.00 $24.34 $4,797.30
11 $4,797.30 $467.65 $0.00 $27.12 $5,292.07
12 $5,292.07 $467.65 $0.00 $29.92 $5,789.64
13 $5,789.64 $467.65 $0.00 $32.74 $6,290.03
14 $6,290.03 $467.65 $0.00 $35.56 $6,793.24
15 $6,793.24 $467.65 $0.00 $38.41 $7,299.30
16 $7,299.30 $467.65 $0.00 $41.27 $7,808.22
17 $7,808.22 $467.65 $0.00 $44.15 $8,320.02
18 $8,320.02 $467.65 $0.00 $47.04 $8,834.71
19 $8,834.71 $467.65 $0.00 $49.95 $9,352.31
20 $9,352.31 $467.65 $0.00 $52.88 $9,872.84
21 $9,872.84 $467.65 $0.00 $55.82 $10,396.31
22 $10,396.31 $467.65 $0.00 $58.78 $10,922.74
23 $10,922.74 $467.65 $0.00 $61.76 $11,452.15
24 $11,452.15 $467.65 $0.00 $64.75 $11,984.55
25 $11,984.55 $467.65 $0.00 $67.76 $12,519.96
26 $12,519.96 $467.65 $0.00 $70.79 $13,058.40
27 $13,058.40 $467.65 $0.00 $73.83 $13,599.88
28 $13,599.88 $467.65 $0.00 $76.90 $14,144.43
29 $14,144.43 $467.65 $0.00 $79.97 $14,692.05
30 $14,692.05 $467.65 $0.00 $83.07 $15,242.77
31 $15,242.77 $467.65 $0.00 $86.18 $15,796.60
32 $15,796.60 $467.65 $0.00 $89.32 $16,353.57
33 $16,353.57 $467.65 $0.00 $92.47 $16,913.69
34 $16,913.69 $467.65 $0.00 $95.63 $17,476.97
35 $17,476.97 $467.65 $0.00 $98.82 $18,043.44
36 $18,043.44 $467.65 $0.00 $102.02 $18,613.11
37 $18,613.11 $467.65 $0.00 $105.24 $19,186.00
38 $19,186.00 $467.65 $0.00 $108.48 $19,762.13
39 $19,762.13 $467.65 $0.00 $111.74 $20,341.52
40 $20,341.52 $467.65 $0.00 $115.01 $20,924.18
41 $20,924.18 $467.65 $0.00 $118.31 $21,510.14
42 $21,510.14 $467.65 $0.00 $121.62 $22,099.41
43 $22,099.41 $467.65 $0.00 $124.95 $22,692.01
44 $22,692.01 $467.65 $0.00 $128.30 $23,287.96
45 $23,287.96 $467.65 $0.00 $131.67 $23,887.28
46 $23,887.28 $467.65 $0.00 $135.06 $24,489.99
47 $24,489.99 $467.65 $0.00 $138.47 $25,096.11
48 $25,096.11 $467.65 $0.00 $141.90 $25,705.66
49 $25,705.66 $467.65 $0.00 $145.34 $26,318.65
50 $26,318.65 $467.65 $0.00 $148.81 $26,935.11
51 $26,935.11 $467.65 $0.00 $152.30 $27,555.06
52 $27,555.06 $467.65 $0.00 $155.80 $28,178.51
53 $28,178.51 $467.65 $0.00 $159.33 $28,805.49
54 $28,805.49 $467.65 $0.00 $162.87 $29,436.01
55 $29,436.01 $467.65 $0.00 $166.44 $30,070.10
56 $30,070.10 $467.65 $0.00 $170.02 $30,707.77
57 $30,707.77 $467.65 $0.00 $173.63 $31,349.05
58 $31,349.05 $467.65 $0.00 $177.25 $31,993.95
59 $31,993.95 $467.65 $0.00 $180.90 $32,642.50
60 $32,642.50 $467.65 $0.00 $184.57 $33,294.72
61 $33,294.72 $467.65 $0.00 $188.25 $33,950.62
62 $33,950.62 $467.65 $0.00 $191.96 $34,610.23
63 $34,610.23 $467.65 $0.00 $195.69 $35,273.57
64 $35,273.57 $467.65 $0.00 $199.44 $35,940.66
65 $35,940.66 $467.65 $0.00 $203.21 $36,611.52
66 $36,611.52 $467.65 $0.00 $207.01 $37,286.18
67 $37,286.18 $467.65 $0.00 $210.82 $37,964.65
68 $37,964.65 $467.65 $0.00 $214.66 $38,646.96
69 $38,646.96 $467.65 $0.00 $218.52 $39,333.13
70 $39,333.13 $467.65 $0.00 $222.40 $40,023.18
71 $40,023.18 $467.65 $0.00 $226.30 $40,717.13
72 $40,717.13 $467.65 $0.00 $230.22 $41,415.00
73 $41,415.00 $467.65 $0.00 $234.17 $42,116.82
74 $42,116.82 $467.65 $0.00 $238.13 $42,822.60
75 $42,822.60 $467.65 $0.00 $242.13 $43,532.38
76 $43,532.38 $467.65 $0.00 $246.14 $44,246.17
77 $44,246.17 $467.65 $0.00 $250.17 $44,963.99
78 $44,963.99 $467.65 $0.00 $254.23 $45,685.87
79 $45,685.87 $467.65 $0.00 $258.31 $46,411.83
80 $46,411.83 $467.65 $0.00 $262.42 $47,141.90
81 $47,141.90 $467.65 $0.00 $266.55 $47,876.10
82 $47,876.10 $467.65 $0.00 $270.70 $48,614.45
83 $48,614.45 $467.65 $0.00 $274.87 $49,356.97
84 $49,356.97 $467.65 $0.00 $279.07 $50,103.69
85 $50,103.69 $467.65 $0.00 $283.29 $50,854.63
86 $50,854.63 $467.65 $0.00 $287.54 $51,609.82
87 $51,609.82 $467.65 $0.00 $291.81 $52,369.28
88 $52,369.28 $467.65 $0.00 $296.10 $53,133.03
89 $53,133.03 $467.65 $0.00 $300.42 $53,901.10
90 $53,901.10 $467.65 $0.00 $304.76 $54,673.51
91 $54,673.51 $467.65 $0.00 $309.13 $55,450.29
92 $55,450.29 $467.65 $0.00 $313.52 $56,231.46
93 $56,231.46 $467.65 $0.00 $317.94 $57,017.05
94 $57,017.05 $467.65 $0.00 $322.38 $57,807.08
95 $57,807.08 $467.65 $0.00 $326.85 $58,601.58
96 $58,601.58 $467.65 $0.00 $331.34 $59,400.57
97 $59,400.57 $467.65 $0.00 $335.86 $60,204.08
98 $60,204.08 $467.65 $0.00 $340.40 $61,012.13
99 $61,012.13 $467.65 $0.00 $344.97 $61,824.75
100 $61,824.75 $467.65 $0.00 $349.57 $62,641.97
101 $62,641.97 $467.65 $0.00 $354.19 $63,463.81
102 $63,463.81 $467.65 $0.00 $358.83 $64,290.29
103 $64,290.29 $467.65 $0.00 $363.51 $65,121.45
104 $65,121.45 $467.65 $0.00 $368.21 $65,957.31
105 $65,957.31 $467.65 $0.00 $372.93 $66,797.89
106 $66,797.89 $467.65 $0.00 $377.68 $67,643.22
107 $67,643.22 $467.65 $0.00 $382.46 $68,493.33
108 $68,493.33 $467.65 $0.00 $387.27 $69,348.25
109 $69,348.25 $467.65 $0.00 $392.11 $70,208.01
110 $70,208.01 $467.65 $0.00 $396.97 $71,072.63
111 $71,072.63 $467.65 $0.00 $401.85 $71,942.13
112 $71,942.13 $467.65 $0.00 $406.77 $72,816.55
113 $72,816.55 $467.65 $0.00 $411.72 $73,695.92
114 $73,695.92 $467.65 $0.00 $416.69 $74,580.26
115 $74,580.26 $467.65 $0.00 $421.69 $75,469.60
116 $75,469.60 $467.65 $0.00 $426.72 $76,363.97
117 $76,363.97 $467.65 $0.00 $431.77 $77,263.39
118 $77,263.39 $467.65 $0.00 $436.86 $78,167.90
119 $78,167.90 $467.65 $0.00 $441.97 $79,077.52
120 $79,077.52 $467.65 $0.00 $447.12 $79,992.29
121 $79,992.29 $467.65 $0.00 $452.29 $80,912.23
122 $80,912.23 $467.65 $0.00 $457.49 $81,837.37
123 $81,837.37 $467.65 $0.00 $462.72 $82,767.74
124 $82,767.74 $467.65 $0.00 $467.98 $83,703.37
125 $83,703.37 $467.65 $0.00 $473.27 $84,644.29
126 $84,644.29 $467.65 $0.00 $478.59 $85,590.53
127 $85,590.53 $467.65 $0.00 $483.94 $86,542.12
128 $86,542.12 $467.65 $0.00 $489.32 $87,499.09
129 $87,499.09 $467.65 $0.00 $494.73 $88,461.47
130 $88,461.47 $467.65 $0.00 $500.17 $89,429.29
131 $89,429.29 $467.65 $0.00 $505.65 $90,402.59
132 $90,402.59 $467.65 $0.00 $511.15 $91,381.39
133 $91,381.39 $467.65 $0.00 $516.68 $92,365.72
134 $92,365.72 $467.65 $0.00 $522.25 $93,355.62
135 $93,355.62 $467.65 $0.00 $527.85 $94,351.12
136 $94,351.12 $467.65 $0.00 $533.47 $95,352.24
137 $95,352.24 $467.65 $0.00 $539.14 $96,359.03
138 $96,359.03 $467.65 $0.00 $544.83 $97,371.51
139 $97,371.51 $467.65 $0.00 $550.55 $98,389.71
140 $98,389.71 $467.65 $0.00 $556.31 $99,413.67
141 $99,413.67 $467.65 $0.00 $562.10 $100,443.42
142 $100,443.42 $467.65 $0.00 $567.92 $101,478.99
143 $101,478.99 $467.65 $0.00 $573.78 $102,520.42
144 $102,520.42 $467.65 $0.00 $579.67 $103,567.74
145 $103,567.74 $467.65 $0.00 $585.59 $104,620.98
146 $104,620.98 $467.65 $0.00 $591.54 $105,680.17
147 $105,680.17 $467.65 $0.00 $597.53 $106,745.35
148 $106,745.35 $467.65 $0.00 $603.55 $107,816.55
149 $107,816.55 $467.65 $0.00 $609.61 $108,893.81
150 $108,893.81 $467.65 $0.00 $615.70 $109,977.16
151 $109,977.16 $467.65 $0.00 $621.83 $111,066.64
152 $111,066.64 $467.65 $0.00 $627.99 $112,162.28
153 $112,162.28 $467.65 $0.00 $634.18 $113,264.11
154 $113,264.11 $467.65 $0.00 $640.41 $114,372.17
155 $114,372.17 $467.65 $0.00 $646.68 $115,486.50
156 $115,486.50 $467.65 $0.00 $652.98 $116,607.13
157 $116,607.13 $467.65 $0.00 $659.31 $117,734.09
158 $117,734.09 $467.65 $0.00 $665.69 $118,867.43
159 $118,867.43 $467.65 $0.00 $672.09 $120,007.17
160 $120,007.17 $467.65 $0.00 $678.54 $121,153.36
161 $121,153.36 $467.65 $0.00 $685.02 $122,306.03
162 $122,306.03 $467.65 $0.00 $691.54 $123,465.22
163 $123,465.22 $467.65 $0.00 $698.09 $124,630.96
164 $124,630.96 $467.65 $0.00 $704.68 $125,803.29
165 $125,803.29 $467.65 $0.00 $711.31 $126,982.25
166 $126,982.25 $467.65 $0.00 $717.98 $128,167.88
167 $128,167.88 $467.65 $0.00 $724.68 $129,360.21
168 $129,360.21 $467.65 $0.00 $731.42 $130,559.28
169 $130,559.28 $467.65 $0.00 $738.20 $131,765.13
170 $131,765.13 $467.65 $0.00 $745.02 $132,977.80
171 $132,977.80 $467.65 $0.00 $751.88 $134,197.33
172 $134,197.33 $467.65 $0.00 $758.77 $135,423.75
173 $135,423.75 $467.65 $0.00 $765.71 $136,657.11
174 $136,657.11 $467.65 $0.00 $772.68 $137,897.44
175 $137,897.44 $467.65 $0.00 $779.69 $139,144.78
176 $139,144.78 $467.65 $0.00 $786.74 $140,399.17
177 $140,399.17 $467.65 $0.00 $793.84 $141,660.66
178 $141,660.66 $467.65 $0.00 $800.97 $142,929.28
179 $142,929.28 $467.65 $0.00 $808.14 $144,205.07
180 $144,205.07 $467.65 $0.00 $815.36 $145,488.08
181 $145,488.08 $467.65 $0.00 $822.61 $146,778.34
182 $146,778.34 $467.65 $0.00 $829.91 $148,075.90
183 $148,075.90 $467.65 $0.00 $837.24 $149,380.79
184 $149,380.79 $467.65 $0.00 $844.62 $150,693.06
185 $150,693.06 $467.65 $0.00 $852.04 $152,012.75
186 $152,012.75 $467.65 $0.00 $859.50 $153,339.90
187 $153,339.90 $467.65 $0.00 $867.01 $154,674.56
188 $154,674.56 $467.65 $0.00 $874.55 $156,016.76
189 $156,016.76 $467.65 $0.00 $882.14 $157,366.55
190 $157,366.55 $467.65 $0.00 $889.77 $158,723.97
191 $158,723.97 $467.65 $0.00 $897.45 $160,089.07
192 $160,089.07 $467.65 $0.00 $905.17 $161,461.89
193 $161,461.89 $467.65 $0.00 $912.93 $162,842.47
194 $162,842.47 $467.65 $0.00 $920.74 $164,230.86
195 $164,230.86 $467.65 $0.00 $928.59 $165,627.10
196 $165,627.10 $467.65 $0.00 $936.48 $167,031.23
197 $167,031.23 $467.65 $0.00 $944.42 $168,443.30
198 $168,443.30 $467.65 $0.00 $952.40 $169,863.35
199 $169,863.35 $467.65 $0.00 $960.43 $171,291.43
200 $171,291.43 $467.65 $0.00 $968.51 $172,727.59
201 $172,727.59 $467.65 $0.00 $976.63 $174,171.87
202 $174,171.87 $467.65 $0.00 $984.79 $175,624.31
203 $175,624.31 $467.65 $0.00 $993.01 $177,084.97
204 $177,084.97 $467.65 $0.00 $1,001.26 $178,553.88
205 $178,553.88 $467.65 $0.00 $1,009.57 $180,031.10
206 $180,031.10 $467.65 $0.00 $1,017.92 $181,516.67
207 $181,516.67 $467.65 $0.00 $1,026.32 $183,010.64
208 $183,010.64 $467.65 $0.00 $1,034.77 $184,513.06
209 $184,513.06 $467.65 $0.00 $1,043.26 $186,023.97
210 $186,023.97 $467.65 $0.00 $1,051.81 $187,543.43
211 $187,543.43 $467.65 $0.00 $1,060.40 $189,071.48
212 $189,071.48 $467.65 $0.00 $1,069.04 $190,608.17
213 $190,608.17 $467.65 $0.00 $1,077.73 $192,153.55
214 $192,153.55 $467.65 $0.00 $1,086.46 $193,707.66
215 $193,707.66 $467.65 $0.00 $1,095.25 $195,270.56
216 $195,270.56 $467.65 $0.00 $1,104.09 $196,842.30
217 $196,842.30 $467.65 $54,827.60 $1,112.97 $143,595.32
218 $143,595.32 $467.65 $0.00 $811.91 $144,874.88
219 $144,874.88 $467.65 $0.00 $819.14 $146,161.67
220 $146,161.67 $467.65 $0.00 $826.42 $147,455.74
221 $147,455.74 $467.65 $0.00 $833.74 $148,757.13
222 $148,757.13 $467.65 $0.00 $841.09 $150,065.87
223 $150,065.87 $467.65 $0.00 $848.49 $151,382.01
224 $151,382.01 $467.65 $0.00 $855.94 $152,705.60
225 $152,705.60 $467.65 $0.00 $863.42 $154,036.67
226 $154,036.67 $467.65 $0.00 $870.95 $155,375.27
227 $155,375.27 $467.65 $0.00 $878.51 $156,721.43
228 $156,721.43 $467.65 $0.00 $886.13 $158,075.21
229 $158,075.21 $467.65 $57,568.98 $893.78 $101,867.66
230 $101,867.66 $467.65 $0.00 $575.97 $102,911.28
231 $102,911.28 $467.65 $0.00 $581.88 $103,960.81
232 $103,960.81 $467.65 $0.00 $587.81 $105,016.27
233 $105,016.27 $467.65 $0.00 $593.78 $106,077.70
234 $106,077.70 $467.65 $0.00 $599.78 $107,145.13
235 $107,145.13 $467.65 $0.00 $605.81 $108,218.59
236 $108,218.59 $467.65 $0.00 $611.88 $109,298.12
237 $109,298.12 $467.65 $0.00 $617.99 $110,383.76
238 $110,383.76 $467.65 $0.00 $624.13 $111,475.54
239 $111,475.54 $467.65 $0.00 $630.30 $112,573.49
240 $112,573.49 $467.65 $0.00 $636.51 $113,677.65
241 $113,677.65 $467.65 $60,447.43 $642.75 $54,340.62
242 $54,340.62 $467.65 $0.00 $307.25 $55,115.52
243 $55,115.52 $467.65 $0.00 $311.63 $55,894.80
244 $55,894.80 $467.65 $0.00 $316.04 $56,678.49
245 $56,678.49 $467.65 $0.00 $320.47 $57,466.61
246 $57,466.61 $467.65 $0.00 $324.92 $58,259.18
247 $58,259.18 $467.65 $0.00 $329.41 $59,056.24
248 $59,056.24 $467.65 $0.00 $333.91 $59,857.80
249 $59,857.80 $467.65 $0.00 $338.44 $60,663.89
250 $60,663.89 $467.65 $0.00 $343.00 $61,474.54
251 $61,474.54 $467.65 $0.00 $347.59 $62,289.78
252 $62,289.78 $467.65 $0.00 $352.20 $63,109.63
253 $63,109.63 $0.00 $63,469.80 $356.83 ($3.34)