Savings Plan and Future Cost Estimation for University of Maryland Baltimore County

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$115,533
Monthly savings required$913

How much will it cost to send your child to University of Maryland Baltimore County in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $462,131.53 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $913.08 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$30,795.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $913.08 $0.00 $0.00 $913.08
2 $913.08 $913.08 $0.00 $5.16 $1,831.32
3 $1,831.32 $913.08 $0.00 $10.35 $2,754.75
4 $2,754.75 $913.08 $0.00 $15.58 $3,683.41
5 $3,683.41 $913.08 $0.00 $20.83 $4,617.32
6 $4,617.32 $913.08 $0.00 $26.11 $5,556.51
7 $5,556.51 $913.08 $0.00 $31.42 $6,501.01
8 $6,501.01 $913.08 $0.00 $36.76 $7,450.85
9 $7,450.85 $913.08 $0.00 $42.13 $8,406.06
10 $8,406.06 $913.08 $0.00 $47.53 $9,366.67
11 $9,366.67 $913.08 $0.00 $52.96 $10,332.71
12 $10,332.71 $913.08 $0.00 $58.42 $11,304.21
13 $11,304.21 $913.08 $0.00 $63.92 $12,281.21
14 $12,281.21 $913.08 $0.00 $69.44 $13,263.73
15 $13,263.73 $913.08 $0.00 $75.00 $14,251.81
16 $14,251.81 $913.08 $0.00 $80.58 $15,245.47
17 $15,245.47 $913.08 $0.00 $86.20 $16,244.75
18 $16,244.75 $913.08 $0.00 $91.85 $17,249.68
19 $17,249.68 $913.08 $0.00 $97.53 $18,260.29
20 $18,260.29 $913.08 $0.00 $103.25 $19,276.62
21 $19,276.62 $913.08 $0.00 $108.99 $20,298.69
22 $20,298.69 $913.08 $0.00 $114.77 $21,326.54
23 $21,326.54 $913.08 $0.00 $120.58 $22,360.20
24 $22,360.20 $913.08 $0.00 $126.43 $23,399.71
25 $23,399.71 $913.08 $0.00 $132.31 $24,445.10
26 $24,445.10 $913.08 $0.00 $138.22 $25,496.40
27 $25,496.40 $913.08 $0.00 $144.16 $26,553.64
28 $26,553.64 $913.08 $0.00 $150.14 $27,616.86
29 $27,616.86 $913.08 $0.00 $156.15 $28,686.09
30 $28,686.09 $913.08 $0.00 $162.20 $29,761.37
31 $29,761.37 $913.08 $0.00 $168.28 $30,842.73
32 $30,842.73 $913.08 $0.00 $174.39 $31,930.20
33 $31,930.20 $913.08 $0.00 $180.54 $33,023.82
34 $33,023.82 $913.08 $0.00 $186.72 $34,123.62
35 $34,123.62 $913.08 $0.00 $192.94 $35,229.64
36 $35,229.64 $913.08 $0.00 $199.19 $36,341.91
37 $36,341.91 $913.08 $0.00 $205.48 $37,460.47
38 $37,460.47 $913.08 $0.00 $211.81 $38,585.36
39 $38,585.36 $913.08 $0.00 $218.17 $39,716.61
40 $39,716.61 $913.08 $0.00 $224.56 $40,854.25
41 $40,854.25 $913.08 $0.00 $231.00 $41,998.33
42 $41,998.33 $913.08 $0.00 $237.46 $43,148.87
43 $43,148.87 $913.08 $0.00 $243.97 $44,305.92
44 $44,305.92 $913.08 $0.00 $250.51 $45,469.51
45 $45,469.51 $913.08 $0.00 $257.09 $46,639.68
46 $46,639.68 $913.08 $0.00 $263.71 $47,816.47
47 $47,816.47 $913.08 $0.00 $270.36 $48,999.91
48 $48,999.91 $913.08 $0.00 $277.05 $50,190.04
49 $50,190.04 $913.08 $0.00 $283.78 $51,386.90
50 $51,386.90 $913.08 $0.00 $290.55 $52,590.53
51 $52,590.53 $913.08 $0.00 $297.35 $53,800.96
52 $53,800.96 $913.08 $0.00 $304.20 $55,018.24
53 $55,018.24 $913.08 $0.00 $311.08 $56,242.40
54 $56,242.40 $913.08 $0.00 $318.00 $57,473.48
55 $57,473.48 $913.08 $0.00 $324.96 $58,711.52
56 $58,711.52 $913.08 $0.00 $331.96 $59,956.56
57 $59,956.56 $913.08 $0.00 $339.00 $61,208.64
58 $61,208.64 $913.08 $0.00 $346.08 $62,467.80
59 $62,467.80 $913.08 $0.00 $353.20 $63,734.08
60 $63,734.08 $913.08 $0.00 $360.36 $65,007.52
61 $65,007.52 $913.08 $0.00 $367.56 $66,288.16
62 $66,288.16 $913.08 $0.00 $374.80 $67,576.04
63 $67,576.04 $913.08 $0.00 $382.08 $68,871.20
64 $68,871.20 $913.08 $0.00 $389.41 $70,173.69
65 $70,173.69 $913.08 $0.00 $396.77 $71,483.54
66 $71,483.54 $913.08 $0.00 $404.18 $72,800.80
67 $72,800.80 $913.08 $0.00 $411.63 $74,125.51
68 $74,125.51 $913.08 $0.00 $419.12 $75,457.71
69 $75,457.71 $913.08 $0.00 $426.65 $76,797.44
70 $76,797.44 $913.08 $0.00 $434.22 $78,144.74
71 $78,144.74 $913.08 $0.00 $441.84 $79,499.66
72 $79,499.66 $913.08 $0.00 $449.50 $80,862.24
73 $80,862.24 $913.08 $0.00 $457.21 $82,232.53
74 $82,232.53 $913.08 $0.00 $464.95 $83,610.56
75 $83,610.56 $913.08 $0.00 $472.75 $84,996.39
76 $84,996.39 $913.08 $0.00 $480.58 $86,390.05
77 $86,390.05 $913.08 $0.00 $488.46 $87,791.59
78 $87,791.59 $913.08 $0.00 $496.39 $89,201.06
79 $89,201.06 $913.08 $0.00 $504.36 $90,618.50
80 $90,618.50 $913.08 $0.00 $512.37 $92,043.95
81 $92,043.95 $913.08 $0.00 $520.43 $93,477.46
82 $93,477.46 $913.08 $0.00 $528.54 $94,919.08
83 $94,919.08 $913.08 $0.00 $536.69 $96,368.85
84 $96,368.85 $913.08 $0.00 $544.88 $97,826.81
85 $97,826.81 $913.08 $0.00 $553.13 $99,293.02
86 $99,293.02 $913.08 $0.00 $561.42 $100,767.52
87 $100,767.52 $913.08 $0.00 $569.75 $102,250.35
88 $102,250.35 $913.08 $0.00 $578.14 $103,741.57
89 $103,741.57 $913.08 $0.00 $586.57 $105,241.22
90 $105,241.22 $913.08 $0.00 $595.05 $106,749.35
91 $106,749.35 $913.08 $0.00 $603.58 $108,266.01
92 $108,266.01 $913.08 $0.00 $612.15 $109,791.24
93 $109,791.24 $913.08 $0.00 $620.78 $111,325.10
94 $111,325.10 $913.08 $0.00 $629.45 $112,867.63
95 $112,867.63 $913.08 $0.00 $638.17 $114,418.88
96 $114,418.88 $913.08 $0.00 $646.94 $115,978.90
97 $115,978.90 $913.08 $0.00 $655.76 $117,547.74
98 $117,547.74 $913.08 $0.00 $664.63 $119,125.45
99 $119,125.45 $913.08 $0.00 $673.55 $120,712.08
100 $120,712.08 $913.08 $0.00 $682.52 $122,307.68
101 $122,307.68 $913.08 $0.00 $691.55 $123,912.31
102 $123,912.31 $913.08 $0.00 $700.62 $125,526.01
103 $125,526.01 $913.08 $0.00 $709.74 $127,148.83
104 $127,148.83 $913.08 $0.00 $718.92 $128,780.83
105 $128,780.83 $913.08 $0.00 $728.15 $130,422.06
106 $130,422.06 $913.08 $0.00 $737.43 $132,072.57
107 $132,072.57 $913.08 $0.00 $746.76 $133,732.41
108 $133,732.41 $913.08 $0.00 $756.14 $135,401.63
109 $135,401.63 $913.08 $0.00 $765.58 $137,080.29
110 $137,080.29 $913.08 $0.00 $775.07 $138,768.44
111 $138,768.44 $913.08 $0.00 $784.62 $140,466.14
112 $140,466.14 $913.08 $0.00 $794.22 $142,173.44
113 $142,173.44 $913.08 $0.00 $803.87 $143,890.39
114 $143,890.39 $913.08 $0.00 $813.58 $145,617.05
115 $145,617.05 $913.08 $0.00 $823.34 $147,353.47
116 $147,353.47 $913.08 $0.00 $833.16 $149,099.71
117 $149,099.71 $913.08 $0.00 $843.03 $150,855.82
118 $150,855.82 $913.08 $0.00 $852.96 $152,621.86
119 $152,621.86 $913.08 $0.00 $862.95 $154,397.89
120 $154,397.89 $913.08 $0.00 $872.99 $156,183.96
121 $156,183.96 $913.08 $0.00 $883.09 $157,980.13
122 $157,980.13 $913.08 $0.00 $893.24 $159,786.45
123 $159,786.45 $913.08 $0.00 $903.46 $161,602.99
124 $161,602.99 $913.08 $0.00 $913.73 $163,429.80
125 $163,429.80 $913.08 $0.00 $924.06 $165,266.94
126 $165,266.94 $913.08 $0.00 $934.44 $167,114.46
127 $167,114.46 $913.08 $0.00 $944.89 $168,972.43
128 $168,972.43 $913.08 $0.00 $955.39 $170,840.90
129 $170,840.90 $913.08 $0.00 $965.96 $172,719.94
130 $172,719.94 $913.08 $0.00 $976.58 $174,609.60
131 $174,609.60 $913.08 $0.00 $987.27 $176,509.95
132 $176,509.95 $913.08 $0.00 $998.01 $178,421.04
133 $178,421.04 $913.08 $0.00 $1,008.82 $180,342.94
134 $180,342.94 $913.08 $0.00 $1,019.69 $182,275.71
135 $182,275.71 $913.08 $0.00 $1,030.61 $184,219.40
136 $184,219.40 $913.08 $0.00 $1,041.60 $186,174.08
137 $186,174.08 $913.08 $0.00 $1,052.66 $188,139.82
138 $188,139.82 $913.08 $0.00 $1,063.77 $190,116.67
139 $190,116.67 $913.08 $0.00 $1,074.95 $192,104.70
140 $192,104.70 $913.08 $0.00 $1,086.19 $194,103.97
141 $194,103.97 $913.08 $0.00 $1,097.49 $196,114.54
142 $196,114.54 $913.08 $0.00 $1,108.86 $198,136.48
143 $198,136.48 $913.08 $0.00 $1,120.29 $200,169.85
144 $200,169.85 $913.08 $0.00 $1,131.79 $202,214.72
145 $202,214.72 $913.08 $0.00 $1,143.35 $204,271.15
146 $204,271.15 $913.08 $0.00 $1,154.98 $206,339.21
147 $206,339.21 $913.08 $0.00 $1,166.67 $208,418.96
148 $208,418.96 $913.08 $0.00 $1,178.43 $210,510.47
149 $210,510.47 $913.08 $0.00 $1,190.26 $212,613.81
150 $212,613.81 $913.08 $0.00 $1,202.15 $214,729.04
151 $214,729.04 $913.08 $0.00 $1,214.11 $216,856.23
152 $216,856.23 $913.08 $0.00 $1,226.14 $218,995.45
153 $218,995.45 $913.08 $0.00 $1,238.23 $221,146.76
154 $221,146.76 $913.08 $0.00 $1,250.40 $223,310.24
155 $223,310.24 $913.08 $0.00 $1,262.63 $225,485.95
156 $225,485.95 $913.08 $0.00 $1,274.93 $227,673.96
157 $227,673.96 $913.08 $0.00 $1,287.30 $229,874.34
158 $229,874.34 $913.08 $0.00 $1,299.74 $232,087.16
159 $232,087.16 $913.08 $0.00 $1,312.25 $234,312.49
160 $234,312.49 $913.08 $0.00 $1,324.84 $236,550.41
161 $236,550.41 $913.08 $0.00 $1,337.49 $238,800.98
162 $238,800.98 $913.08 $0.00 $1,350.22 $241,064.28
163 $241,064.28 $913.08 $0.00 $1,363.01 $243,340.37
164 $243,340.37 $913.08 $0.00 $1,375.88 $245,629.33
165 $245,629.33 $913.08 $0.00 $1,388.82 $247,931.23
166 $247,931.23 $913.08 $0.00 $1,401.84 $250,246.15
167 $250,246.15 $913.08 $0.00 $1,414.93 $252,574.16
168 $252,574.16 $913.08 $0.00 $1,428.09 $254,915.33
169 $254,915.33 $913.08 $0.00 $1,441.33 $257,269.74
170 $257,269.74 $913.08 $0.00 $1,454.64 $259,637.46
171 $259,637.46 $913.08 $0.00 $1,468.03 $262,018.57
172 $262,018.57 $913.08 $0.00 $1,481.49 $264,413.14
173 $264,413.14 $913.08 $0.00 $1,495.03 $266,821.25
174 $266,821.25 $913.08 $0.00 $1,508.65 $269,242.98
175 $269,242.98 $913.08 $0.00 $1,522.34 $271,678.40
176 $271,678.40 $913.08 $0.00 $1,536.11 $274,127.59
177 $274,127.59 $913.08 $0.00 $1,549.96 $276,590.63
178 $276,590.63 $913.08 $0.00 $1,563.88 $279,067.59
179 $279,067.59 $913.08 $0.00 $1,577.89 $281,558.56
180 $281,558.56 $913.08 $0.00 $1,591.97 $284,063.61
181 $284,063.61 $913.08 $0.00 $1,606.14 $286,582.83
182 $286,582.83 $913.08 $0.00 $1,620.38 $289,116.29
183 $289,116.29 $913.08 $0.00 $1,634.71 $291,664.08
184 $291,664.08 $913.08 $0.00 $1,649.11 $294,226.27
185 $294,226.27 $913.08 $0.00 $1,663.60 $296,802.95
186 $296,802.95 $913.08 $0.00 $1,678.17 $299,394.20
187 $299,394.20 $913.08 $0.00 $1,692.82 $302,000.10
188 $302,000.10 $913.08 $0.00 $1,707.55 $304,620.73
189 $304,620.73 $913.08 $0.00 $1,722.37 $307,256.18
190 $307,256.18 $913.08 $0.00 $1,737.27 $309,906.53
191 $309,906.53 $913.08 $0.00 $1,752.26 $312,571.87
192 $312,571.87 $913.08 $0.00 $1,767.33 $315,252.28
193 $315,252.28 $913.08 $0.00 $1,782.48 $317,947.84
194 $317,947.84 $913.08 $0.00 $1,797.72 $320,658.64
195 $320,658.64 $913.08 $0.00 $1,813.05 $323,384.77
196 $323,384.77 $913.08 $0.00 $1,828.46 $326,126.31
197 $326,126.31 $913.08 $0.00 $1,843.97 $328,883.36
198 $328,883.36 $913.08 $0.00 $1,859.55 $331,655.99
199 $331,655.99 $913.08 $0.00 $1,875.23 $334,444.30
200 $334,444.30 $913.08 $0.00 $1,891.00 $337,248.38
201 $337,248.38 $913.08 $0.00 $1,906.85 $340,068.31
202 $340,068.31 $913.08 $0.00 $1,922.80 $342,904.19
203 $342,904.19 $913.08 $0.00 $1,938.83 $345,756.10
204 $345,756.10 $913.08 $0.00 $1,954.96 $348,624.14
205 $348,624.14 $913.08 $0.00 $1,971.17 $351,508.39
206 $351,508.39 $913.08 $0.00 $1,987.48 $354,408.95
207 $354,408.95 $913.08 $0.00 $2,003.88 $357,325.91
208 $357,325.91 $913.08 $0.00 $2,020.37 $360,259.36
209 $360,259.36 $913.08 $0.00 $2,036.96 $363,209.40
210 $363,209.40 $913.08 $0.00 $2,053.64 $366,176.12
211 $366,176.12 $913.08 $0.00 $2,070.41 $369,159.61
212 $369,159.61 $913.08 $0.00 $2,087.28 $372,159.97
213 $372,159.97 $913.08 $0.00 $2,104.25 $375,177.30
214 $375,177.30 $913.08 $0.00 $2,121.31 $378,211.69
215 $378,211.69 $913.08 $0.00 $2,138.46 $381,263.23
216 $381,263.23 $913.08 $0.00 $2,155.72 $384,332.03
217 $384,332.03 $913.08 $104,085.01 $2,173.07 $283,333.17
218 $283,333.17 $913.08 $0.00 $1,602.01 $285,848.26
219 $285,848.26 $913.08 $0.00 $1,616.23 $288,377.57
220 $288,377.57 $913.08 $0.00 $1,630.53 $290,921.18
221 $290,921.18 $913.08 $0.00 $1,644.91 $293,479.17
222 $293,479.17 $913.08 $0.00 $1,659.37 $296,051.62
223 $296,051.62 $913.08 $0.00 $1,673.92 $298,638.62
224 $298,638.62 $913.08 $0.00 $1,688.55 $301,240.25
225 $301,240.25 $913.08 $0.00 $1,703.26 $303,856.59
226 $303,856.59 $913.08 $0.00 $1,718.05 $306,487.72
227 $306,487.72 $913.08 $0.00 $1,732.93 $309,133.73
228 $309,133.73 $913.08 $0.00 $1,747.89 $311,794.70
229 $311,794.70 $913.08 $111,370.97 $1,762.93 $203,099.74
230 $203,099.74 $913.08 $0.00 $1,148.36 $205,161.18
231 $205,161.18 $913.08 $0.00 $1,160.01 $207,234.27
232 $207,234.27 $913.08 $0.00 $1,171.73 $209,319.08
233 $209,319.08 $913.08 $0.00 $1,183.52 $211,415.68
234 $211,415.68 $913.08 $0.00 $1,195.37 $213,524.13
235 $213,524.13 $913.08 $0.00 $1,207.30 $215,644.51
236 $215,644.51 $913.08 $0.00 $1,219.29 $217,776.88
237 $217,776.88 $913.08 $0.00 $1,231.34 $219,921.30
238 $219,921.30 $913.08 $0.00 $1,243.47 $222,077.85
239 $222,077.85 $913.08 $0.00 $1,255.66 $224,246.59
240 $224,246.59 $913.08 $0.00 $1,267.92 $226,427.59
241 $226,427.59 $913.08 $119,166.93 $1,280.25 $109,453.99
242 $109,453.99 $913.08 $0.00 $618.87 $110,985.94
243 $110,985.94 $913.08 $0.00 $627.53 $112,526.55
244 $112,526.55 $913.08 $0.00 $636.24 $114,075.87
245 $114,075.87 $913.08 $0.00 $645.00 $115,633.95
246 $115,633.95 $913.08 $0.00 $653.81 $117,200.84
247 $117,200.84 $913.08 $0.00 $662.67 $118,776.59
248 $118,776.59 $913.08 $0.00 $671.58 $120,361.25
249 $120,361.25 $913.08 $0.00 $680.54 $121,954.87
250 $121,954.87 $913.08 $0.00 $689.55 $123,557.50
251 $123,557.50 $913.08 $0.00 $698.61 $125,169.19
252 $125,169.19 $913.08 $0.00 $707.72 $126,789.99
253 $126,789.99 $0.00 $127,508.62 $716.89 -$1.74