Quantcast

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$59,561
Monthly savings required$471

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 $238,243.15 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $471.47 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$22,968.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford University of Southern Maine in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $471.47 $0.00 $0.00 $471.47
2 $471.47 $471.47 $0.00 $2.67 $945.61
3 $945.61 $471.47 $0.00 $5.35 $1,422.43
4 $1,422.43 $471.47 $0.00 $8.04 $1,901.94
5 $1,901.94 $471.47 $0.00 $10.75 $2,384.16
6 $2,384.16 $471.47 $0.00 $13.48 $2,869.11
7 $2,869.11 $471.47 $0.00 $16.22 $3,356.80
8 $3,356.80 $471.47 $0.00 $18.98 $3,847.25
9 $3,847.25 $471.47 $0.00 $21.75 $4,340.47
10 $4,340.47 $471.47 $0.00 $24.54 $4,836.48
11 $4,836.48 $471.47 $0.00 $27.35 $5,335.30
12 $5,335.30 $471.47 $0.00 $30.17 $5,836.94
13 $5,836.94 $471.47 $0.00 $33.00 $6,341.41
14 $6,341.41 $471.47 $0.00 $35.86 $6,848.74
15 $6,848.74 $471.47 $0.00 $38.72 $7,358.93
16 $7,358.93 $471.47 $0.00 $41.61 $7,872.01
17 $7,872.01 $471.47 $0.00 $44.51 $8,387.99
18 $8,387.99 $471.47 $0.00 $47.43 $8,906.89
19 $8,906.89 $471.47 $0.00 $50.36 $9,428.72
20 $9,428.72 $471.47 $0.00 $53.31 $9,953.50
21 $9,953.50 $471.47 $0.00 $56.28 $10,481.25
22 $10,481.25 $471.47 $0.00 $59.26 $11,011.98
23 $11,011.98 $471.47 $0.00 $62.26 $11,545.71
24 $11,545.71 $471.47 $0.00 $65.28 $12,082.46
25 $12,082.46 $471.47 $0.00 $68.32 $12,622.25
26 $12,622.25 $471.47 $0.00 $71.37 $13,165.09
27 $13,165.09 $471.47 $0.00 $74.44 $13,711.00
28 $13,711.00 $471.47 $0.00 $77.52 $14,259.99
29 $14,259.99 $471.47 $0.00 $80.63 $14,812.09
30 $14,812.09 $471.47 $0.00 $83.75 $15,367.31
31 $15,367.31 $471.47 $0.00 $86.89 $15,925.67
32 $15,925.67 $471.47 $0.00 $90.05 $16,487.19
33 $16,487.19 $471.47 $0.00 $93.22 $17,051.88
34 $17,051.88 $471.47 $0.00 $96.41 $17,619.76
35 $17,619.76 $471.47 $0.00 $99.62 $18,190.85
36 $18,190.85 $471.47 $0.00 $102.85 $18,765.17
37 $18,765.17 $471.47 $0.00 $106.10 $19,342.74
38 $19,342.74 $471.47 $0.00 $109.37 $19,923.58
39 $19,923.58 $471.47 $0.00 $112.65 $20,507.70
40 $20,507.70 $471.47 $0.00 $115.95 $21,095.12
41 $21,095.12 $471.47 $0.00 $119.27 $21,685.86
42 $21,685.86 $471.47 $0.00 $122.62 $22,279.95
43 $22,279.95 $471.47 $0.00 $125.97 $22,877.39
44 $22,877.39 $471.47 $0.00 $129.35 $23,478.21
45 $23,478.21 $471.47 $0.00 $132.75 $24,082.43
46 $24,082.43 $471.47 $0.00 $136.17 $24,690.07
47 $24,690.07 $471.47 $0.00 $139.60 $25,301.14
48 $25,301.14 $471.47 $0.00 $143.06 $25,915.67
49 $25,915.67 $471.47 $0.00 $146.53 $26,533.67
50 $26,533.67 $471.47 $0.00 $150.03 $27,155.17
51 $27,155.17 $471.47 $0.00 $153.54 $27,780.18
52 $27,780.18 $471.47 $0.00 $157.07 $28,408.72
53 $28,408.72 $471.47 $0.00 $160.63 $29,040.82
54 $29,040.82 $471.47 $0.00 $164.20 $29,676.49
55 $29,676.49 $471.47 $0.00 $167.80 $30,315.76
56 $30,315.76 $471.47 $0.00 $171.41 $30,958.64
57 $30,958.64 $471.47 $0.00 $175.04 $31,605.15
58 $31,605.15 $471.47 $0.00 $178.70 $32,255.32
59 $32,255.32 $471.47 $0.00 $182.38 $32,909.17
60 $32,909.17 $471.47 $0.00 $186.07 $33,566.71
61 $33,566.71 $471.47 $0.00 $189.79 $34,227.97
62 $34,227.97 $471.47 $0.00 $193.53 $34,892.97
63 $34,892.97 $471.47 $0.00 $197.29 $35,561.73
64 $35,561.73 $471.47 $0.00 $201.07 $36,234.27
65 $36,234.27 $471.47 $0.00 $204.87 $36,910.61
66 $36,910.61 $471.47 $0.00 $208.70 $37,590.78
67 $37,590.78 $471.47 $0.00 $212.54 $38,274.79
68 $38,274.79 $471.47 $0.00 $216.41 $38,962.67
69 $38,962.67 $471.47 $0.00 $220.30 $39,654.44
70 $39,654.44 $471.47 $0.00 $224.21 $40,350.12
71 $40,350.12 $471.47 $0.00 $228.15 $41,049.74
72 $41,049.74 $471.47 $0.00 $232.10 $41,753.31
73 $41,753.31 $471.47 $0.00 $236.08 $42,460.86
74 $42,460.86 $471.47 $0.00 $240.08 $43,172.41
75 $43,172.41 $471.47 $0.00 $244.10 $43,887.98
76 $43,887.98 $471.47 $0.00 $248.15 $44,607.60
77 $44,607.60 $471.47 $0.00 $252.22 $45,331.29
78 $45,331.29 $471.47 $0.00 $256.31 $46,059.07
79 $46,059.07 $471.47 $0.00 $260.42 $46,790.96
80 $46,790.96 $471.47 $0.00 $264.56 $47,526.99
81 $47,526.99 $471.47 $0.00 $268.72 $48,267.18
82 $48,267.18 $471.47 $0.00 $272.91 $49,011.56
83 $49,011.56 $471.47 $0.00 $277.12 $49,760.15
84 $49,760.15 $471.47 $0.00 $281.35 $50,512.97
85 $50,512.97 $471.47 $0.00 $285.61 $51,270.05
86 $51,270.05 $471.47 $0.00 $289.89 $52,031.41
87 $52,031.41 $471.47 $0.00 $294.19 $52,797.07
88 $52,797.07 $471.47 $0.00 $298.52 $53,567.06
89 $53,567.06 $471.47 $0.00 $302.88 $54,341.41
90 $54,341.41 $471.47 $0.00 $307.25 $55,120.13
91 $55,120.13 $471.47 $0.00 $311.66 $55,903.26
92 $55,903.26 $471.47 $0.00 $316.09 $56,690.82
93 $56,690.82 $471.47 $0.00 $320.54 $57,482.83
94 $57,482.83 $471.47 $0.00 $325.02 $58,279.32
95 $58,279.32 $471.47 $0.00 $329.52 $59,080.31
96 $59,080.31 $471.47 $0.00 $334.05 $59,885.83
97 $59,885.83 $471.47 $0.00 $338.60 $60,695.90
98 $60,695.90 $471.47 $0.00 $343.18 $61,510.55
99 $61,510.55 $471.47 $0.00 $347.79 $62,329.81
100 $62,329.81 $471.47 $0.00 $352.42 $63,153.70
101 $63,153.70 $471.47 $0.00 $357.08 $63,982.25
102 $63,982.25 $471.47 $0.00 $361.76 $64,815.48
103 $64,815.48 $471.47 $0.00 $366.48 $65,653.43
104 $65,653.43 $471.47 $0.00 $371.21 $66,496.11
105 $66,496.11 $471.47 $0.00 $375.98 $67,343.56
106 $67,343.56 $471.47 $0.00 $380.77 $68,195.80
107 $68,195.80 $471.47 $0.00 $385.59 $69,052.86
108 $69,052.86 $471.47 $0.00 $390.43 $69,914.76
109 $69,914.76 $471.47 $0.00 $395.31 $70,781.54
110 $70,781.54 $471.47 $0.00 $400.21 $71,653.22
111 $71,653.22 $471.47 $0.00 $405.14 $72,529.83
112 $72,529.83 $471.47 $0.00 $410.09 $73,411.39
113 $73,411.39 $471.47 $0.00 $415.08 $74,297.94
114 $74,297.94 $471.47 $0.00 $420.09 $75,189.50
115 $75,189.50 $471.47 $0.00 $425.13 $76,086.10
116 $76,086.10 $471.47 $0.00 $430.20 $76,987.77
117 $76,987.77 $471.47 $0.00 $435.30 $77,894.54
118 $77,894.54 $471.47 $0.00 $440.43 $78,806.44
119 $78,806.44 $471.47 $0.00 $445.58 $79,723.49
120 $79,723.49 $471.47 $0.00 $450.77 $80,645.73
121 $80,645.73 $471.47 $0.00 $455.98 $81,573.18
122 $81,573.18 $471.47 $0.00 $461.23 $82,505.88
123 $82,505.88 $471.47 $0.00 $466.50 $83,443.85
124 $83,443.85 $471.47 $0.00 $471.80 $84,387.12
125 $84,387.12 $471.47 $0.00 $477.14 $85,335.73
126 $85,335.73 $471.47 $0.00 $482.50 $86,289.70
127 $86,289.70 $471.47 $0.00 $487.89 $87,249.06
128 $87,249.06 $471.47 $0.00 $493.32 $88,213.85
129 $88,213.85 $471.47 $0.00 $498.77 $89,184.09
130 $89,184.09 $471.47 $0.00 $504.26 $90,159.82
131 $90,159.82 $471.47 $0.00 $509.78 $91,141.07
132 $91,141.07 $471.47 $0.00 $515.32 $92,127.86
133 $92,127.86 $471.47 $0.00 $520.90 $93,120.23
134 $93,120.23 $471.47 $0.00 $526.52 $94,118.22
135 $94,118.22 $471.47 $0.00 $532.16 $95,121.85
136 $95,121.85 $471.47 $0.00 $537.83 $96,131.15
137 $96,131.15 $471.47 $0.00 $543.54 $97,146.16
138 $97,146.16 $471.47 $0.00 $549.28 $98,166.91
139 $98,166.91 $471.47 $0.00 $555.05 $99,193.43
140 $99,193.43 $471.47 $0.00 $560.85 $100,225.75
141 $100,225.75 $471.47 $0.00 $566.69 $101,263.91
142 $101,263.91 $471.47 $0.00 $572.56 $102,307.94
143 $102,307.94 $471.47 $0.00 $578.46 $103,357.87
144 $103,357.87 $471.47 $0.00 $584.40 $104,413.74
145 $104,413.74 $471.47 $0.00 $590.37 $105,475.58
146 $105,475.58 $471.47 $0.00 $596.37 $106,543.42
147 $106,543.42 $471.47 $0.00 $602.41 $107,617.30
148 $107,617.30 $471.47 $0.00 $608.48 $108,697.25
149 $108,697.25 $471.47 $0.00 $614.59 $109,783.31
150 $109,783.31 $471.47 $0.00 $620.73 $110,875.51
151 $110,875.51 $471.47 $0.00 $626.91 $111,973.89
152 $111,973.89 $471.47 $0.00 $633.12 $113,078.48
153 $113,078.48 $471.47 $0.00 $639.36 $114,189.31
154 $114,189.31 $471.47 $0.00 $645.64 $115,306.42
155 $115,306.42 $471.47 $0.00 $651.96 $116,429.85
156 $116,429.85 $471.47 $0.00 $658.31 $117,559.63
157 $117,559.63 $471.47 $0.00 $664.70 $118,695.80
158 $118,695.80 $471.47 $0.00 $671.12 $119,838.39
159 $119,838.39 $471.47 $0.00 $677.58 $120,987.44
160 $120,987.44 $471.47 $0.00 $684.08 $122,142.99
161 $122,142.99 $471.47 $0.00 $690.61 $123,305.07
162 $123,305.07 $471.47 $0.00 $697.18 $124,473.72
163 $124,473.72 $471.47 $0.00 $703.79 $125,648.98
164 $125,648.98 $471.47 $0.00 $710.44 $126,830.89
165 $126,830.89 $471.47 $0.00 $717.12 $128,019.48
166 $128,019.48 $471.47 $0.00 $723.84 $129,214.79
167 $129,214.79 $471.47 $0.00 $730.60 $130,416.86
168 $130,416.86 $471.47 $0.00 $737.40 $131,625.73
169 $131,625.73 $471.47 $0.00 $744.23 $132,841.43
170 $132,841.43 $471.47 $0.00 $751.10 $134,064.00
171 $134,064.00 $471.47 $0.00 $758.02 $135,293.49
172 $135,293.49 $471.47 $0.00 $764.97 $136,529.93
173 $136,529.93 $471.47 $0.00 $771.96 $137,773.36
174 $137,773.36 $471.47 $0.00 $778.99 $139,023.82
175 $139,023.82 $471.47 $0.00 $786.06 $140,281.35
176 $140,281.35 $471.47 $0.00 $793.17 $141,545.99
177 $141,545.99 $471.47 $0.00 $800.32 $142,817.78
178 $142,817.78 $471.47 $0.00 $807.51 $144,096.76
179 $144,096.76 $471.47 $0.00 $814.74 $145,382.97
180 $145,382.97 $471.47 $0.00 $822.02 $146,676.46
181 $146,676.46 $471.47 $0.00 $829.33 $147,977.26
182 $147,977.26 $471.47 $0.00 $836.68 $149,285.41
183 $149,285.41 $471.47 $0.00 $844.08 $150,600.96
184 $150,600.96 $471.47 $0.00 $851.52 $151,923.95
185 $151,923.95 $471.47 $0.00 $859.00 $153,254.42
186 $153,254.42 $471.47 $0.00 $866.52 $154,592.41
187 $154,592.41 $471.47 $0.00 $874.09 $155,937.97
188 $155,937.97 $471.47 $0.00 $881.70 $157,291.14
189 $157,291.14 $471.47 $0.00 $889.35 $158,651.96
190 $158,651.96 $471.47 $0.00 $897.04 $160,020.47
191 $160,020.47 $471.47 $0.00 $904.78 $161,396.72
192 $161,396.72 $471.47 $0.00 $912.56 $162,780.75
193 $162,780.75 $471.47 $0.00 $920.39 $164,172.61
194 $164,172.61 $471.47 $0.00 $928.26 $165,572.34
195 $165,572.34 $471.47 $0.00 $936.17 $166,979.98
196 $166,979.98 $471.47 $0.00 $944.13 $168,395.58
197 $168,395.58 $471.47 $0.00 $952.13 $169,819.18
198 $169,819.18 $471.47 $0.00 $960.18 $171,250.83
199 $171,250.83 $471.47 $0.00 $968.28 $172,690.58
200 $172,690.58 $471.47 $0.00 $976.42 $174,138.47
201 $174,138.47 $471.47 $0.00 $984.60 $175,594.54
202 $175,594.54 $471.47 $0.00 $992.84 $177,058.85
203 $177,058.85 $471.47 $0.00 $1,001.12 $178,531.44
204 $178,531.44 $471.47 $0.00 $1,009.44 $180,012.35
205 $180,012.35 $471.47 $0.00 $1,017.82 $181,501.64
206 $181,501.64 $471.47 $0.00 $1,026.24 $182,999.35
207 $182,999.35 $471.47 $0.00 $1,034.70 $184,505.52
208 $184,505.52 $471.47 $0.00 $1,043.22 $186,020.21
209 $186,020.21 $471.47 $0.00 $1,051.79 $187,543.47
210 $187,543.47 $471.47 $0.00 $1,060.40 $189,075.34
211 $189,075.34 $471.47 $0.00 $1,069.06 $190,615.87
212 $190,615.87 $471.47 $0.00 $1,077.77 $192,165.11
213 $192,165.11 $471.47 $0.00 $1,086.53 $193,723.11
214 $193,723.11 $471.47 $0.00 $1,095.34 $195,289.92
215 $195,289.92 $471.47 $0.00 $1,104.20 $196,865.59
216 $196,865.59 $471.47 $0.00 $1,113.11 $198,450.17
217 $198,450.17 $471.47 $55,275.23 $1,122.07 $144,768.48
218 $144,768.48 $471.47 $0.00 $818.54 $146,058.49
219 $146,058.49 $471.47 $0.00 $825.84 $147,355.80
220 $147,355.80 $471.47 $0.00 $833.17 $148,660.44
221 $148,660.44 $471.47 $0.00 $840.55 $149,972.46
222 $149,972.46 $471.47 $0.00 $847.97 $151,291.90
223 $151,291.90 $471.47 $0.00 $855.43 $152,618.80
224 $152,618.80 $471.47 $0.00 $862.93 $153,953.20
225 $153,953.20 $471.47 $0.00 $870.47 $155,295.14
226 $155,295.14 $471.47 $0.00 $878.06 $156,644.67
227 $156,644.67 $471.47 $0.00 $885.69 $158,001.83
228 $158,001.83 $471.47 $0.00 $893.37 $159,366.67
229 $159,366.67 $471.47 $58,038.99 $901.08 $102,700.23
230 $102,700.23 $471.47 $0.00 $580.68 $103,752.38
231 $103,752.38 $471.47 $0.00 $586.63 $104,810.48
232 $104,810.48 $471.47 $0.00 $592.61 $105,874.56
233 $105,874.56 $471.47 $0.00 $598.63 $106,944.66
234 $106,944.66 $471.47 $0.00 $604.68 $108,020.81
235 $108,020.81 $471.47 $0.00 $610.77 $109,103.05
236 $109,103.05 $471.47 $0.00 $616.88 $110,191.40
237 $110,191.40 $471.47 $0.00 $623.04 $111,285.91
238 $111,285.91 $471.47 $0.00 $629.23 $112,386.61
239 $112,386.61 $471.47 $0.00 $635.45 $113,493.53
240 $113,493.53 $471.47 $0.00 $641.71 $114,606.71
241 $114,606.71 $471.47 $60,940.94 $648.00 $54,785.24
242 $54,785.24 $471.47 $0.00 $309.76 $55,566.47
243 $55,566.47 $471.47 $0.00 $314.18 $56,352.12
244 $56,352.12 $471.47 $0.00 $318.62 $57,142.21
245 $57,142.21 $471.47 $0.00 $323.09 $57,936.77
246 $57,936.77 $471.47 $0.00 $327.58 $58,735.82
247 $58,735.82 $471.47 $0.00 $332.10 $59,539.39
248 $59,539.39 $471.47 $0.00 $336.64 $60,347.50
249 $60,347.50 $471.47 $0.00 $341.21 $61,160.18
250 $61,160.18 $471.47 $0.00 $345.81 $61,977.46
251 $61,977.46 $471.47 $0.00 $350.43 $62,799.36
252 $62,799.36 $471.47 $0.00 $355.08 $63,625.91
253 $63,625.91 $0.00 $63,987.99 $359.75 ($2.33)