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.
Current Annual Cost | $24,904.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 7% |
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 | $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 |