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 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.

Assumptions

Current Annual Cost$23,842.00
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 $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)