How much will it cost and what do you need to save?
| Estimated Annual Cost in 2041 | $58,478 |
| Monthly savings required | $260 |
How much will it cost to send your child to College of Southern Maryland in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $116,955.20 for students enrolling in 2041 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $259.89 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 | $23,706.00 |
| Years until enrollment | 18 |
| Annual Tuition Increase | 5% |
| Current Savings | $0.00 |
| After Tax Return on Savings | 7% |
| Years of enrollment | 2 |
Discover how much will you need to start saving now to afford College of Southern Maryland in the future.
| Month | Begin | Deposit | Withdraw | Interest | End |
|---|---|---|---|---|---|
| 1 | $0.00 | $259.89 | $0.00 | $0.00 | $259.89 |
| 2 | $259.89 | $259.89 | $0.00 | $1.47 | $521.25 |
| 3 | $521.25 | $259.89 | $0.00 | $2.95 | $784.09 |
| 4 | $784.09 | $259.89 | $0.00 | $4.43 | $1,048.41 |
| 5 | $1,048.41 | $259.89 | $0.00 | $5.93 | $1,314.23 |
| 6 | $1,314.23 | $259.89 | $0.00 | $7.43 | $1,581.55 |
| 7 | $1,581.55 | $259.89 | $0.00 | $8.94 | $1,850.38 |
| 8 | $1,850.38 | $259.89 | $0.00 | $10.46 | $2,120.73 |
| 9 | $2,120.73 | $259.89 | $0.00 | $11.99 | $2,392.61 |
| 10 | $2,392.61 | $259.89 | $0.00 | $13.53 | $2,666.03 |
| 11 | $2,666.03 | $259.89 | $0.00 | $15.07 | $2,940.99 |
| 12 | $2,940.99 | $259.89 | $0.00 | $16.63 | $3,217.51 |
| 13 | $3,217.51 | $259.89 | $0.00 | $18.19 | $3,495.59 |
| 14 | $3,495.59 | $259.89 | $0.00 | $19.76 | $3,775.24 |
| 15 | $3,775.24 | $259.89 | $0.00 | $21.35 | $4,056.48 |
| 16 | $4,056.48 | $259.89 | $0.00 | $22.94 | $4,339.31 |
| 17 | $4,339.31 | $259.89 | $0.00 | $24.54 | $4,623.74 |
| 18 | $4,623.74 | $259.89 | $0.00 | $26.14 | $4,909.77 |
| 19 | $4,909.77 | $259.89 | $0.00 | $27.76 | $5,197.42 |
| 20 | $5,197.42 | $259.89 | $0.00 | $29.39 | $5,486.70 |
| 21 | $5,486.70 | $259.89 | $0.00 | $31.02 | $5,777.61 |
| 22 | $5,777.61 | $259.89 | $0.00 | $32.67 | $6,070.17 |
| 23 | $6,070.17 | $259.89 | $0.00 | $34.32 | $6,364.38 |
| 24 | $6,364.38 | $259.89 | $0.00 | $35.99 | $6,660.26 |
| 25 | $6,660.26 | $259.89 | $0.00 | $37.66 | $6,957.81 |
| 26 | $6,957.81 | $259.89 | $0.00 | $39.34 | $7,257.04 |
| 27 | $7,257.04 | $259.89 | $0.00 | $41.03 | $7,557.96 |
| 28 | $7,557.96 | $259.89 | $0.00 | $42.73 | $7,860.58 |
| 29 | $7,860.58 | $259.89 | $0.00 | $44.44 | $8,164.91 |
| 30 | $8,164.91 | $259.89 | $0.00 | $46.17 | $8,470.97 |
| 31 | $8,470.97 | $259.89 | $0.00 | $47.90 | $8,778.76 |
| 32 | $8,778.76 | $259.89 | $0.00 | $49.64 | $9,088.29 |
| 33 | $9,088.29 | $259.89 | $0.00 | $51.39 | $9,399.57 |
| 34 | $9,399.57 | $259.89 | $0.00 | $53.15 | $9,712.61 |
| 35 | $9,712.61 | $259.89 | $0.00 | $54.92 | $10,027.42 |
| 36 | $10,027.42 | $259.89 | $0.00 | $56.70 | $10,344.01 |
| 37 | $10,344.01 | $259.89 | $0.00 | $58.49 | $10,662.39 |
| 38 | $10,662.39 | $259.89 | $0.00 | $60.29 | $10,982.57 |
| 39 | $10,982.57 | $259.89 | $0.00 | $62.10 | $11,304.56 |
| 40 | $11,304.56 | $259.89 | $0.00 | $63.92 | $11,628.37 |
| 41 | $11,628.37 | $259.89 | $0.00 | $65.75 | $11,954.01 |
| 42 | $11,954.01 | $259.89 | $0.00 | $67.59 | $12,281.49 |
| 43 | $12,281.49 | $259.89 | $0.00 | $69.44 | $12,610.82 |
| 44 | $12,610.82 | $259.89 | $0.00 | $71.30 | $12,942.01 |
| 45 | $12,942.01 | $259.89 | $0.00 | $73.18 | $13,275.08 |
| 46 | $13,275.08 | $259.89 | $0.00 | $75.06 | $13,610.03 |
| 47 | $13,610.03 | $259.89 | $0.00 | $76.95 | $13,946.87 |
| 48 | $13,946.87 | $259.89 | $0.00 | $78.86 | $14,285.62 |
| 49 | $14,285.62 | $259.89 | $0.00 | $80.77 | $14,626.28 |
| 50 | $14,626.28 | $259.89 | $0.00 | $82.70 | $14,968.87 |
| 51 | $14,968.87 | $259.89 | $0.00 | $84.64 | $15,313.40 |
| 52 | $15,313.40 | $259.89 | $0.00 | $86.58 | $15,659.87 |
| 53 | $15,659.87 | $259.89 | $0.00 | $88.54 | $16,008.30 |
| 54 | $16,008.30 | $259.89 | $0.00 | $90.51 | $16,358.70 |
| 55 | $16,358.70 | $259.89 | $0.00 | $92.49 | $16,711.08 |
| 56 | $16,711.08 | $259.89 | $0.00 | $94.49 | $17,065.46 |
| 57 | $17,065.46 | $259.89 | $0.00 | $96.49 | $17,421.84 |
| 58 | $17,421.84 | $259.89 | $0.00 | $98.51 | $17,780.24 |
| 59 | $17,780.24 | $259.89 | $0.00 | $100.53 | $18,140.66 |
| 60 | $18,140.66 | $259.89 | $0.00 | $102.57 | $18,503.12 |
| 61 | $18,503.12 | $259.89 | $0.00 | $104.62 | $18,867.63 |
| 62 | $18,867.63 | $259.89 | $0.00 | $106.68 | $19,234.20 |
| 63 | $19,234.20 | $259.89 | $0.00 | $108.75 | $19,602.84 |
| 64 | $19,602.84 | $259.89 | $0.00 | $110.84 | $19,973.57 |
| 65 | $19,973.57 | $259.89 | $0.00 | $112.93 | $20,346.39 |
| 66 | $20,346.39 | $259.89 | $0.00 | $115.04 | $20,721.32 |
| 67 | $20,721.32 | $259.89 | $0.00 | $117.16 | $21,098.37 |
| 68 | $21,098.37 | $259.89 | $0.00 | $119.29 | $21,477.55 |
| 69 | $21,477.55 | $259.89 | $0.00 | $121.44 | $21,858.88 |
| 70 | $21,858.88 | $259.89 | $0.00 | $123.59 | $22,242.36 |
| 71 | $22,242.36 | $259.89 | $0.00 | $125.76 | $22,628.01 |
| 72 | $22,628.01 | $259.89 | $0.00 | $127.94 | $23,015.84 |
| 73 | $23,015.84 | $259.89 | $0.00 | $130.13 | $23,405.86 |
| 74 | $23,405.86 | $259.89 | $0.00 | $132.34 | $23,798.09 |
| 75 | $23,798.09 | $259.89 | $0.00 | $134.56 | $24,192.54 |
| 76 | $24,192.54 | $259.89 | $0.00 | $136.79 | $24,589.22 |
| 77 | $24,589.22 | $259.89 | $0.00 | $139.03 | $24,988.14 |
| 78 | $24,988.14 | $259.89 | $0.00 | $141.29 | $25,389.32 |
| 79 | $25,389.32 | $259.89 | $0.00 | $143.55 | $25,792.76 |
| 80 | $25,792.76 | $259.89 | $0.00 | $145.84 | $26,198.49 |
| 81 | $26,198.49 | $259.89 | $0.00 | $148.13 | $26,606.51 |
| 82 | $26,606.51 | $259.89 | $0.00 | $150.44 | $27,016.84 |
| 83 | $27,016.84 | $259.89 | $0.00 | $152.76 | $27,429.49 |
| 84 | $27,429.49 | $259.89 | $0.00 | $155.09 | $27,844.47 |
| 85 | $27,844.47 | $259.89 | $0.00 | $157.44 | $28,261.80 |
| 86 | $28,261.80 | $259.89 | $0.00 | $159.80 | $28,681.49 |
| 87 | $28,681.49 | $259.89 | $0.00 | $162.17 | $29,103.55 |
| 88 | $29,103.55 | $259.89 | $0.00 | $164.56 | $29,528.00 |
| 89 | $29,528.00 | $259.89 | $0.00 | $166.96 | $29,954.85 |
| 90 | $29,954.85 | $259.89 | $0.00 | $169.37 | $30,384.11 |
| 91 | $30,384.11 | $259.89 | $0.00 | $171.80 | $30,815.80 |
| 92 | $30,815.80 | $259.89 | $0.00 | $174.24 | $31,249.93 |
| 93 | $31,249.93 | $259.89 | $0.00 | $176.69 | $31,686.51 |
| 94 | $31,686.51 | $259.89 | $0.00 | $179.16 | $32,125.56 |
| 95 | $32,125.56 | $259.89 | $0.00 | $181.64 | $32,567.09 |
| 96 | $32,567.09 | $259.89 | $0.00 | $184.14 | $33,011.12 |
| 97 | $33,011.12 | $259.89 | $0.00 | $186.65 | $33,457.66 |
| 98 | $33,457.66 | $259.89 | $0.00 | $189.17 | $33,906.72 |
| 99 | $33,906.72 | $259.89 | $0.00 | $191.71 | $34,358.32 |
| 100 | $34,358.32 | $259.89 | $0.00 | $194.27 | $34,812.48 |
| 101 | $34,812.48 | $259.89 | $0.00 | $196.83 | $35,269.20 |
| 102 | $35,269.20 | $259.89 | $0.00 | $199.42 | $35,728.51 |
| 103 | $35,728.51 | $259.89 | $0.00 | $202.01 | $36,190.41 |
| 104 | $36,190.41 | $259.89 | $0.00 | $204.63 | $36,654.93 |
| 105 | $36,654.93 | $259.89 | $0.00 | $207.25 | $37,122.07 |
| 106 | $37,122.07 | $259.89 | $0.00 | $209.89 | $37,591.85 |
| 107 | $37,591.85 | $259.89 | $0.00 | $212.55 | $38,064.29 |
| 108 | $38,064.29 | $259.89 | $0.00 | $215.22 | $38,539.40 |
| 109 | $38,539.40 | $259.89 | $0.00 | $217.91 | $39,017.20 |
| 110 | $39,017.20 | $259.89 | $0.00 | $220.61 | $39,497.70 |
| 111 | $39,497.70 | $259.89 | $0.00 | $223.33 | $39,980.92 |
| 112 | $39,980.92 | $259.89 | $0.00 | $226.06 | $40,466.87 |
| 113 | $40,466.87 | $259.89 | $0.00 | $228.81 | $40,955.57 |
| 114 | $40,955.57 | $259.89 | $0.00 | $231.57 | $41,447.03 |
| 115 | $41,447.03 | $259.89 | $0.00 | $234.35 | $41,941.27 |
| 116 | $41,941.27 | $259.89 | $0.00 | $237.14 | $42,438.30 |
| 117 | $42,438.30 | $259.89 | $0.00 | $239.95 | $42,938.14 |
| 118 | $42,938.14 | $259.89 | $0.00 | $242.78 | $43,440.81 |
| 119 | $43,440.81 | $259.89 | $0.00 | $245.62 | $43,946.32 |
| 120 | $43,946.32 | $259.89 | $0.00 | $248.48 | $44,454.69 |
| 121 | $44,454.69 | $259.89 | $0.00 | $251.35 | $44,965.93 |
| 122 | $44,965.93 | $259.89 | $0.00 | $254.24 | $45,480.06 |
| 123 | $45,480.06 | $259.89 | $0.00 | $257.15 | $45,997.10 |
| 124 | $45,997.10 | $259.89 | $0.00 | $260.07 | $46,517.06 |
| 125 | $46,517.06 | $259.89 | $0.00 | $263.01 | $47,039.96 |
| 126 | $47,039.96 | $259.89 | $0.00 | $265.97 | $47,565.82 |
| 127 | $47,565.82 | $259.89 | $0.00 | $268.94 | $48,094.65 |
| 128 | $48,094.65 | $259.89 | $0.00 | $271.93 | $48,626.47 |
| 129 | $48,626.47 | $259.89 | $0.00 | $274.94 | $49,161.30 |
| 130 | $49,161.30 | $259.89 | $0.00 | $277.97 | $49,699.16 |
| 131 | $49,699.16 | $259.89 | $0.00 | $281.01 | $50,240.06 |
| 132 | $50,240.06 | $259.89 | $0.00 | $284.06 | $50,784.01 |
| 133 | $50,784.01 | $259.89 | $0.00 | $287.14 | $51,331.04 |
| 134 | $51,331.04 | $259.89 | $0.00 | $290.23 | $51,881.16 |
| 135 | $51,881.16 | $259.89 | $0.00 | $293.34 | $52,434.39 |
| 136 | $52,434.39 | $259.89 | $0.00 | $296.47 | $52,990.75 |
| 137 | $52,990.75 | $259.89 | $0.00 | $299.62 | $53,550.26 |
| 138 | $53,550.26 | $259.89 | $0.00 | $302.78 | $54,112.93 |
| 139 | $54,112.93 | $259.89 | $0.00 | $305.96 | $54,678.78 |
| 140 | $54,678.78 | $259.89 | $0.00 | $309.16 | $55,247.83 |
| 141 | $55,247.83 | $259.89 | $0.00 | $312.38 | $55,820.10 |
| 142 | $55,820.10 | $259.89 | $0.00 | $315.61 | $56,395.60 |
| 143 | $56,395.60 | $259.89 | $0.00 | $318.87 | $56,974.36 |
| 144 | $56,974.36 | $259.89 | $0.00 | $322.14 | $57,556.39 |
| 145 | $57,556.39 | $259.89 | $0.00 | $325.43 | $58,141.71 |
| 146 | $58,141.71 | $259.89 | $0.00 | $328.74 | $58,730.34 |
| 147 | $58,730.34 | $259.89 | $0.00 | $332.07 | $59,322.30 |
| 148 | $59,322.30 | $259.89 | $0.00 | $335.42 | $59,917.61 |
| 149 | $59,917.61 | $259.89 | $0.00 | $338.78 | $60,516.28 |
| 150 | $60,516.28 | $259.89 | $0.00 | $342.17 | $61,118.34 |
| 151 | $61,118.34 | $259.89 | $0.00 | $345.57 | $61,723.80 |
| 152 | $61,723.80 | $259.89 | $0.00 | $349.00 | $62,332.69 |
| 153 | $62,332.69 | $259.89 | $0.00 | $352.44 | $62,945.02 |
| 154 | $62,945.02 | $259.89 | $0.00 | $355.90 | $63,560.81 |
| 155 | $63,560.81 | $259.89 | $0.00 | $359.38 | $64,180.08 |
| 156 | $64,180.08 | $259.89 | $0.00 | $362.88 | $64,802.85 |
| 157 | $64,802.85 | $259.89 | $0.00 | $366.40 | $65,429.14 |
| 158 | $65,429.14 | $259.89 | $0.00 | $369.95 | $66,058.98 |
| 159 | $66,058.98 | $259.89 | $0.00 | $373.51 | $66,692.38 |
| 160 | $66,692.38 | $259.89 | $0.00 | $377.09 | $67,329.36 |
| 161 | $67,329.36 | $259.89 | $0.00 | $380.69 | $67,969.94 |
| 162 | $67,969.94 | $259.89 | $0.00 | $384.31 | $68,614.14 |
| 163 | $68,614.14 | $259.89 | $0.00 | $387.95 | $69,261.98 |
| 164 | $69,261.98 | $259.89 | $0.00 | $391.62 | $69,913.49 |
| 165 | $69,913.49 | $259.89 | $0.00 | $395.30 | $70,568.68 |
| 166 | $70,568.68 | $259.89 | $0.00 | $399.01 | $71,227.58 |
| 167 | $71,227.58 | $259.89 | $0.00 | $402.73 | $71,890.20 |
| 168 | $71,890.20 | $259.89 | $0.00 | $406.48 | $72,556.57 |
| 169 | $72,556.57 | $259.89 | $0.00 | $410.25 | $73,226.71 |
| 170 | $73,226.71 | $259.89 | $0.00 | $414.03 | $73,900.63 |
| 171 | $73,900.63 | $259.89 | $0.00 | $417.84 | $74,578.36 |
| 172 | $74,578.36 | $259.89 | $0.00 | $421.68 | $75,259.93 |
| 173 | $75,259.93 | $259.89 | $0.00 | $425.53 | $75,945.35 |
| 174 | $75,945.35 | $259.89 | $0.00 | $429.41 | $76,634.65 |
| 175 | $76,634.65 | $259.89 | $0.00 | $433.30 | $77,327.84 |
| 176 | $77,327.84 | $259.89 | $0.00 | $437.22 | $78,024.95 |
| 177 | $78,024.95 | $259.89 | $0.00 | $441.16 | $78,726.00 |
| 178 | $78,726.00 | $259.89 | $0.00 | $445.13 | $79,431.02 |
| 179 | $79,431.02 | $259.89 | $0.00 | $449.11 | $80,140.02 |
| 180 | $80,140.02 | $259.89 | $0.00 | $453.12 | $80,853.03 |
| 181 | $80,853.03 | $259.89 | $0.00 | $457.15 | $81,570.07 |
| 182 | $81,570.07 | $259.89 | $0.00 | $461.21 | $82,291.17 |
| 183 | $82,291.17 | $259.89 | $0.00 | $465.29 | $83,016.35 |
| 184 | $83,016.35 | $259.89 | $0.00 | $469.39 | $83,745.63 |
| 185 | $83,745.63 | $259.89 | $0.00 | $473.51 | $84,479.03 |
| 186 | $84,479.03 | $259.89 | $0.00 | $477.66 | $85,216.58 |
| 187 | $85,216.58 | $259.89 | $0.00 | $481.83 | $85,958.30 |
| 188 | $85,958.30 | $259.89 | $0.00 | $486.02 | $86,704.21 |
| 189 | $86,704.21 | $259.89 | $0.00 | $490.24 | $87,454.34 |
| 190 | $87,454.34 | $259.89 | $0.00 | $494.48 | $88,208.71 |
| 191 | $88,208.71 | $259.89 | $0.00 | $498.74 | $88,967.34 |
| 192 | $88,967.34 | $259.89 | $0.00 | $503.03 | $89,730.26 |
| 193 | $89,730.26 | $259.89 | $0.00 | $507.35 | $90,497.50 |
| 194 | $90,497.50 | $259.89 | $0.00 | $511.69 | $91,269.08 |
| 195 | $91,269.08 | $259.89 | $0.00 | $516.05 | $92,045.02 |
| 196 | $92,045.02 | $259.89 | $0.00 | $520.44 | $92,825.35 |
| 197 | $92,825.35 | $259.89 | $0.00 | $524.85 | $93,610.09 |
| 198 | $93,610.09 | $259.89 | $0.00 | $529.29 | $94,399.27 |
| 199 | $94,399.27 | $259.89 | $0.00 | $533.75 | $95,192.91 |
| 200 | $95,192.91 | $259.89 | $0.00 | $538.23 | $95,991.03 |
| 201 | $95,991.03 | $259.89 | $0.00 | $542.75 | $96,793.67 |
| 202 | $96,793.67 | $259.89 | $0.00 | $547.29 | $97,600.85 |
| 203 | $97,600.85 | $259.89 | $0.00 | $551.85 | $98,412.59 |
| 204 | $98,412.59 | $259.89 | $0.00 | $556.44 | $99,228.92 |
| 205 | $99,228.92 | $259.89 | $0.00 | $561.05 | $100,049.86 |
| 206 | $100,049.86 | $259.89 | $0.00 | $565.70 | $100,875.45 |
| 207 | $100,875.45 | $259.89 | $0.00 | $570.36 | $101,705.70 |
| 208 | $101,705.70 | $259.89 | $0.00 | $575.06 | $102,540.65 |
| 209 | $102,540.65 | $259.89 | $0.00 | $579.78 | $103,380.32 |
| 210 | $103,380.32 | $259.89 | $0.00 | $584.53 | $104,224.74 |
| 211 | $104,224.74 | $259.89 | $0.00 | $589.30 | $105,073.93 |
| 212 | $105,073.93 | $259.89 | $0.00 | $594.10 | $105,927.92 |
| 213 | $105,927.92 | $259.89 | $0.00 | $598.93 | $106,786.74 |
| 214 | $106,786.74 | $259.89 | $0.00 | $603.79 | $107,650.42 |
| 215 | $107,650.42 | $259.89 | $0.00 | $608.67 | $108,518.98 |
| 216 | $108,518.98 | $259.89 | $0.00 | $613.58 | $109,392.45 |
| 217 | $109,392.45 | $259.89 | $57,051.32 | $618.52 | $53,219.54 |
| 218 | $53,219.54 | $259.89 | $0.00 | $300.91 | $53,780.34 |
| 219 | $53,780.34 | $259.89 | $0.00 | $304.08 | $54,344.31 |
| 220 | $54,344.31 | $259.89 | $0.00 | $307.27 | $54,911.47 |
| 221 | $54,911.47 | $259.89 | $0.00 | $310.48 | $55,481.84 |
| 222 | $55,481.84 | $259.89 | $0.00 | $313.70 | $56,055.43 |
| 223 | $56,055.43 | $259.89 | $0.00 | $316.95 | $56,632.27 |
| 224 | $56,632.27 | $259.89 | $0.00 | $320.21 | $57,212.37 |
| 225 | $57,212.37 | $259.89 | $0.00 | $323.49 | $57,795.75 |
| 226 | $57,795.75 | $259.89 | $0.00 | $326.79 | $58,382.43 |
| 227 | $58,382.43 | $259.89 | $0.00 | $330.10 | $58,972.42 |
| 228 | $58,972.42 | $259.89 | $0.00 | $333.44 | $59,565.75 |
| 229 | $59,565.75 | $0.00 | $59,903.88 | $336.79 | ($1.34) |