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 2042$93,432
Monthly savings required$738

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 $373,727.02 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $738.40 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$24,904.00
Years until enrollment18
Annual Tuition Increase7%
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 $738.40 $0.00 $0.00 $738.40
2 $738.40 $738.40 $0.00 $4.18 $1,480.98
3 $1,480.98 $738.40 $0.00 $8.37 $2,227.75
4 $2,227.75 $738.40 $0.00 $12.60 $2,978.75
5 $2,978.75 $738.40 $0.00 $16.84 $3,733.99
6 $3,733.99 $738.40 $0.00 $21.11 $4,493.50
7 $4,493.50 $738.40 $0.00 $25.41 $5,257.31
8 $5,257.31 $738.40 $0.00 $29.73 $6,025.44
9 $6,025.44 $738.40 $0.00 $34.07 $6,797.91
10 $6,797.91 $738.40 $0.00 $38.44 $7,574.75
11 $7,574.75 $738.40 $0.00 $42.83 $8,355.98
12 $8,355.98 $738.40 $0.00 $47.25 $9,141.63
13 $9,141.63 $738.40 $0.00 $51.69 $9,931.72
14 $9,931.72 $738.40 $0.00 $56.16 $10,726.28
15 $10,726.28 $738.40 $0.00 $60.65 $11,525.33
16 $11,525.33 $738.40 $0.00 $65.17 $12,328.90
17 $12,328.90 $738.40 $0.00 $69.71 $13,137.01
18 $13,137.01 $738.40 $0.00 $74.28 $13,949.69
19 $13,949.69 $738.40 $0.00 $78.87 $14,766.96
20 $14,766.96 $738.40 $0.00 $83.49 $15,588.85
21 $15,588.85 $738.40 $0.00 $88.14 $16,415.39
22 $16,415.39 $738.40 $0.00 $92.82 $17,246.61
23 $17,246.61 $738.40 $0.00 $97.51 $18,082.52
24 $18,082.52 $738.40 $0.00 $102.24 $18,923.16
25 $18,923.16 $738.40 $0.00 $106.99 $19,768.55
26 $19,768.55 $738.40 $0.00 $111.77 $20,618.72
27 $20,618.72 $738.40 $0.00 $116.58 $21,473.70
28 $21,473.70 $738.40 $0.00 $121.42 $22,333.52
29 $22,333.52 $738.40 $0.00 $126.28 $23,198.20
30 $23,198.20 $738.40 $0.00 $131.17 $24,067.77
31 $24,067.77 $738.40 $0.00 $136.08 $24,942.25
32 $24,942.25 $738.40 $0.00 $141.03 $25,821.68
33 $25,821.68 $738.40 $0.00 $146.00 $26,706.08
34 $26,706.08 $738.40 $0.00 $151.00 $27,595.48
35 $27,595.48 $738.40 $0.00 $156.03 $28,489.91
36 $28,489.91 $738.40 $0.00 $161.09 $29,389.40
37 $29,389.40 $738.40 $0.00 $166.17 $30,293.97
38 $30,293.97 $738.40 $0.00 $171.29 $31,203.66
39 $31,203.66 $738.40 $0.00 $176.43 $32,118.49
40 $32,118.49 $738.40 $0.00 $181.60 $33,038.49
41 $33,038.49 $738.40 $0.00 $186.80 $33,963.69
42 $33,963.69 $738.40 $0.00 $192.04 $34,894.13
43 $34,894.13 $738.40 $0.00 $197.30 $35,829.83
44 $35,829.83 $738.40 $0.00 $202.59 $36,770.82
45 $36,770.82 $738.40 $0.00 $207.91 $37,717.13
46 $37,717.13 $738.40 $0.00 $213.26 $38,668.79
47 $38,668.79 $738.40 $0.00 $218.64 $39,625.83
48 $39,625.83 $738.40 $0.00 $224.05 $40,588.28
49 $40,588.28 $738.40 $0.00 $229.49 $41,556.17
50 $41,556.17 $738.40 $0.00 $234.96 $42,529.53
51 $42,529.53 $738.40 $0.00 $240.47 $43,508.40
52 $43,508.40 $738.40 $0.00 $246.00 $44,492.80
53 $44,492.80 $738.40 $0.00 $251.57 $45,482.77
54 $45,482.77 $738.40 $0.00 $257.17 $46,478.34
55 $46,478.34 $738.40 $0.00 $262.80 $47,479.54
56 $47,479.54 $738.40 $0.00 $268.46 $48,486.40
57 $48,486.40 $738.40 $0.00 $274.15 $49,498.95
58 $49,498.95 $738.40 $0.00 $279.87 $50,517.22
59 $50,517.22 $738.40 $0.00 $285.63 $51,541.25
60 $51,541.25 $738.40 $0.00 $291.42 $52,571.07
61 $52,571.07 $738.40 $0.00 $297.24 $53,606.71
62 $53,606.71 $738.40 $0.00 $303.10 $54,648.21
63 $54,648.21 $738.40 $0.00 $308.99 $55,695.60
64 $55,695.60 $738.40 $0.00 $314.91 $56,748.91
65 $56,748.91 $738.40 $0.00 $320.87 $57,808.18
66 $57,808.18 $738.40 $0.00 $326.86 $58,873.44
67 $58,873.44 $738.40 $0.00 $332.88 $59,944.72
68 $59,944.72 $738.40 $0.00 $338.94 $61,022.06
69 $61,022.06 $738.40 $0.00 $345.03 $62,105.49
70 $62,105.49 $738.40 $0.00 $351.15 $63,195.04
71 $63,195.04 $738.40 $0.00 $357.31 $64,290.75
72 $64,290.75 $738.40 $0.00 $363.51 $65,392.66
73 $65,392.66 $738.40 $0.00 $369.74 $66,500.80
74 $66,500.80 $738.40 $0.00 $376.01 $67,615.21
75 $67,615.21 $738.40 $0.00 $382.31 $68,735.92
76 $68,735.92 $738.40 $0.00 $388.64 $69,862.96
77 $69,862.96 $738.40 $0.00 $395.02 $70,996.38
78 $70,996.38 $738.40 $0.00 $401.42 $72,136.20
79 $72,136.20 $738.40 $0.00 $407.87 $73,282.47
80 $73,282.47 $738.40 $0.00 $414.35 $74,435.22
81 $74,435.22 $738.40 $0.00 $420.87 $75,594.49
82 $75,594.49 $738.40 $0.00 $427.42 $76,760.31
83 $76,760.31 $738.40 $0.00 $434.01 $77,932.72
84 $77,932.72 $738.40 $0.00 $440.64 $79,111.76
85 $79,111.76 $738.40 $0.00 $447.31 $80,297.47
86 $80,297.47 $738.40 $0.00 $454.01 $81,489.88
87 $81,489.88 $738.40 $0.00 $460.76 $82,689.04
88 $82,689.04 $738.40 $0.00 $467.54 $83,894.98
89 $83,894.98 $738.40 $0.00 $474.35 $85,107.73
90 $85,107.73 $738.40 $0.00 $481.21 $86,327.34
91 $86,327.34 $738.40 $0.00 $488.11 $87,553.85
92 $87,553.85 $738.40 $0.00 $495.04 $88,787.29
93 $88,787.29 $738.40 $0.00 $502.02 $90,027.71
94 $90,027.71 $738.40 $0.00 $509.03 $91,275.14
95 $91,275.14 $738.40 $0.00 $516.08 $92,529.62
96 $92,529.62 $738.40 $0.00 $523.18 $93,791.20
97 $93,791.20 $738.40 $0.00 $530.31 $95,059.91
98 $95,059.91 $738.40 $0.00 $537.48 $96,335.79
99 $96,335.79 $738.40 $0.00 $544.70 $97,618.89
100 $97,618.89 $738.40 $0.00 $551.95 $98,909.24
101 $98,909.24 $738.40 $0.00 $559.25 $100,206.89
102 $100,206.89 $738.40 $0.00 $566.58 $101,511.87
103 $101,511.87 $738.40 $0.00 $573.96 $102,824.23
104 $102,824.23 $738.40 $0.00 $581.38 $104,144.01
105 $104,144.01 $738.40 $0.00 $588.85 $105,471.26
106 $105,471.26 $738.40 $0.00 $596.35 $106,806.01
107 $106,806.01 $738.40 $0.00 $603.90 $108,148.31
108 $108,148.31 $738.40 $0.00 $611.49 $109,498.20
109 $109,498.20 $738.40 $0.00 $619.12 $110,855.72
110 $110,855.72 $738.40 $0.00 $626.79 $112,220.91
111 $112,220.91 $738.40 $0.00 $634.51 $113,593.82
112 $113,593.82 $738.40 $0.00 $642.28 $114,974.50
113 $114,974.50 $738.40 $0.00 $650.08 $116,362.98
114 $116,362.98 $738.40 $0.00 $657.93 $117,759.31
115 $117,759.31 $738.40 $0.00 $665.83 $119,163.54
116 $119,163.54 $738.40 $0.00 $673.77 $120,575.71
117 $120,575.71 $738.40 $0.00 $681.75 $121,995.86
118 $121,995.86 $738.40 $0.00 $689.78 $123,424.04
119 $123,424.04 $738.40 $0.00 $697.86 $124,860.30
120 $124,860.30 $738.40 $0.00 $705.98 $126,304.68
121 $126,304.68 $738.40 $0.00 $714.15 $127,757.23
122 $127,757.23 $738.40 $0.00 $722.36 $129,217.99
123 $129,217.99 $738.40 $0.00 $730.62 $130,687.01
124 $130,687.01 $738.40 $0.00 $738.92 $132,164.33
125 $132,164.33 $738.40 $0.00 $747.28 $133,650.01
126 $133,650.01 $738.40 $0.00 $755.68 $135,144.09
127 $135,144.09 $738.40 $0.00 $764.12 $136,646.61
128 $136,646.61 $738.40 $0.00 $772.62 $138,157.63
129 $138,157.63 $738.40 $0.00 $781.16 $139,677.19
130 $139,677.19 $738.40 $0.00 $789.76 $141,205.35
131 $141,205.35 $738.40 $0.00 $798.40 $142,742.15
132 $142,742.15 $738.40 $0.00 $807.08 $144,287.63
133 $144,287.63 $738.40 $0.00 $815.82 $145,841.85
134 $145,841.85 $738.40 $0.00 $824.61 $147,404.86
135 $147,404.86 $738.40 $0.00 $833.45 $148,976.71
136 $148,976.71 $738.40 $0.00 $842.34 $150,557.45
137 $150,557.45 $738.40 $0.00 $851.27 $152,147.12
138 $152,147.12 $738.40 $0.00 $860.26 $153,745.78
139 $153,745.78 $738.40 $0.00 $869.30 $155,353.48
140 $155,353.48 $738.40 $0.00 $878.39 $156,970.27
141 $156,970.27 $738.40 $0.00 $887.53 $158,596.20
142 $158,596.20 $738.40 $0.00 $896.73 $160,231.33
143 $160,231.33 $738.40 $0.00 $905.97 $161,875.70
144 $161,875.70 $738.40 $0.00 $915.27 $163,529.37
145 $163,529.37 $738.40 $0.00 $924.62 $165,192.39
146 $165,192.39 $738.40 $0.00 $934.02 $166,864.81
147 $166,864.81 $738.40 $0.00 $943.48 $168,546.69
148 $168,546.69 $738.40 $0.00 $952.99 $170,238.08
149 $170,238.08 $738.40 $0.00 $962.55 $171,939.03
150 $171,939.03 $738.40 $0.00 $972.17 $173,649.60
151 $173,649.60 $738.40 $0.00 $981.84 $175,369.84
152 $175,369.84 $738.40 $0.00 $991.57 $177,099.81
153 $177,099.81 $738.40 $0.00 $1,001.35 $178,839.56
154 $178,839.56 $738.40 $0.00 $1,011.18 $180,589.14
155 $180,589.14 $738.40 $0.00 $1,021.08 $182,348.62
156 $182,348.62 $738.40 $0.00 $1,031.03 $184,118.05
157 $184,118.05 $738.40 $0.00 $1,041.03 $185,897.48
158 $185,897.48 $738.40 $0.00 $1,051.09 $187,686.97
159 $187,686.97 $738.40 $0.00 $1,061.21 $189,486.58
160 $189,486.58 $738.40 $0.00 $1,071.38 $191,296.36
161 $191,296.36 $738.40 $0.00 $1,081.62 $193,116.38
162 $193,116.38 $738.40 $0.00 $1,091.91 $194,946.69
163 $194,946.69 $738.40 $0.00 $1,102.26 $196,787.35
164 $196,787.35 $738.40 $0.00 $1,112.66 $198,638.41
165 $198,638.41 $738.40 $0.00 $1,123.13 $200,499.94
166 $200,499.94 $738.40 $0.00 $1,133.66 $202,372.00
167 $202,372.00 $738.40 $0.00 $1,144.24 $204,254.64
168 $204,254.64 $738.40 $0.00 $1,154.89 $206,147.93
169 $206,147.93 $738.40 $0.00 $1,165.59 $208,051.92
170 $208,051.92 $738.40 $0.00 $1,176.36 $209,966.68
171 $209,966.68 $738.40 $0.00 $1,187.18 $211,892.26
172 $211,892.26 $738.40 $0.00 $1,198.07 $213,828.73
173 $213,828.73 $738.40 $0.00 $1,209.02 $215,776.15
174 $215,776.15 $738.40 $0.00 $1,220.03 $217,734.58
175 $217,734.58 $738.40 $0.00 $1,231.10 $219,704.08
176 $219,704.08 $738.40 $0.00 $1,242.24 $221,684.72
177 $221,684.72 $738.40 $0.00 $1,253.44 $223,676.56
178 $223,676.56 $738.40 $0.00 $1,264.70 $225,679.66
179 $225,679.66 $738.40 $0.00 $1,276.03 $227,694.09
180 $227,694.09 $738.40 $0.00 $1,287.42 $229,719.91
181 $229,719.91 $738.40 $0.00 $1,298.87 $231,757.18
182 $231,757.18 $738.40 $0.00 $1,310.39 $233,805.97
183 $233,805.97 $738.40 $0.00 $1,321.97 $235,866.34
184 $235,866.34 $738.40 $0.00 $1,333.62 $237,938.36
185 $237,938.36 $738.40 $0.00 $1,345.34 $240,022.10
186 $240,022.10 $738.40 $0.00 $1,357.12 $242,117.62
187 $242,117.62 $738.40 $0.00 $1,368.97 $244,224.99
188 $244,224.99 $738.40 $0.00 $1,380.88 $246,344.27
189 $246,344.27 $738.40 $0.00 $1,392.87 $248,475.54
190 $248,475.54 $738.40 $0.00 $1,404.92 $250,618.86
191 $250,618.86 $738.40 $0.00 $1,417.04 $252,774.30
192 $252,774.30 $738.40 $0.00 $1,429.22 $254,941.92
193 $254,941.92 $738.40 $0.00 $1,441.48 $257,121.80
194 $257,121.80 $738.40 $0.00 $1,453.80 $259,314.00
195 $259,314.00 $738.40 $0.00 $1,466.20 $261,518.60
196 $261,518.60 $738.40 $0.00 $1,478.66 $263,735.66
197 $263,735.66 $738.40 $0.00 $1,491.20 $265,965.26
198 $265,965.26 $738.40 $0.00 $1,503.81 $268,207.47
199 $268,207.47 $738.40 $0.00 $1,516.48 $270,462.35
200 $270,462.35 $738.40 $0.00 $1,529.23 $272,729.98
201 $272,729.98 $738.40 $0.00 $1,542.05 $275,010.43
202 $275,010.43 $738.40 $0.00 $1,554.95 $277,303.78
203 $277,303.78 $738.40 $0.00 $1,567.92 $279,610.10
204 $279,610.10 $738.40 $0.00 $1,580.96 $281,929.46
205 $281,929.46 $738.40 $0.00 $1,594.07 $284,261.93
206 $284,261.93 $738.40 $0.00 $1,607.26 $286,607.59
207 $286,607.59 $738.40 $0.00 $1,620.52 $288,966.51
208 $288,966.51 $738.40 $0.00 $1,633.86 $291,338.77
209 $291,338.77 $738.40 $0.00 $1,647.27 $293,724.44
210 $293,724.44 $738.40 $0.00 $1,660.76 $296,123.60
211 $296,123.60 $738.40 $0.00 $1,674.33 $298,536.33
212 $298,536.33 $738.40 $0.00 $1,687.97 $300,962.70
213 $300,962.70 $738.40 $0.00 $1,701.69 $303,402.79
214 $303,402.79 $738.40 $0.00 $1,715.48 $305,856.67
215 $305,856.67 $738.40 $0.00 $1,729.36 $308,324.43
216 $308,324.43 $738.40 $0.00 $1,743.31 $310,806.14
217 $310,806.14 $738.40 $84,173.83 $1,757.34 $229,128.05
218 $229,128.05 $738.40 $0.00 $1,295.52 $231,161.97
219 $231,161.97 $738.40 $0.00 $1,307.02 $233,207.39
220 $233,207.39 $738.40 $0.00 $1,318.59 $235,264.38
221 $235,264.38 $738.40 $0.00 $1,330.22 $237,333.00
222 $237,333.00 $738.40 $0.00 $1,341.92 $239,413.32
223 $239,413.32 $738.40 $0.00 $1,353.68 $241,505.40
224 $241,505.40 $738.40 $0.00 $1,365.51 $243,609.31
225 $243,609.31 $738.40 $0.00 $1,377.40 $245,725.11
226 $245,725.11 $738.40 $0.00 $1,389.37 $247,852.88
227 $247,852.88 $738.40 $0.00 $1,401.40 $249,992.68
228 $249,992.68 $738.40 $0.00 $1,413.49 $252,144.57
229 $252,144.57 $738.40 $90,066.00 $1,425.66 $164,242.63
230 $164,242.63 $738.40 $0.00 $928.65 $165,909.68
231 $165,909.68 $738.40 $0.00 $938.08 $167,586.16
232 $167,586.16 $738.40 $0.00 $947.56 $169,272.12
233 $169,272.12 $738.40 $0.00 $957.09 $170,967.61
234 $170,967.61 $738.40 $0.00 $966.68 $172,672.69
235 $172,672.69 $738.40 $0.00 $976.32 $174,387.41
236 $174,387.41 $738.40 $0.00 $986.01 $176,111.82
237 $176,111.82 $738.40 $0.00 $995.76 $177,845.98
238 $177,845.98 $738.40 $0.00 $1,005.57 $179,589.95
239 $179,589.95 $738.40 $0.00 $1,015.43 $181,343.78
240 $181,343.78 $738.40 $0.00 $1,025.34 $183,107.52
241 $183,107.52 $738.40 $96,370.62 $1,035.32 $88,510.62
242 $88,510.62 $738.40 $0.00 $500.45 $89,749.47
243 $89,749.47 $738.40 $0.00 $507.46 $90,995.33
244 $90,995.33 $738.40 $0.00 $514.50 $92,248.23
245 $92,248.23 $738.40 $0.00 $521.58 $93,508.21
246 $93,508.21 $738.40 $0.00 $528.71 $94,775.32
247 $94,775.32 $738.40 $0.00 $535.87 $96,049.59
248 $96,049.59 $738.40 $0.00 $543.08 $97,331.07
249 $97,331.07 $738.40 $0.00 $550.32 $98,619.79
250 $98,619.79 $738.40 $0.00 $557.61 $99,915.80
251 $99,915.80 $738.40 $0.00 $564.94 $101,219.14
252 $101,219.14 $738.40 $0.00 $572.31 $102,529.85
253 $102,529.85 $0.00 $103,116.57 $579.72 -$7.00