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 2041$76,878
Monthly savings required$609

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 $307,512.91 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $608.55 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$29,646.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $608.55 $0.00 $0.00 $608.55
2 $608.55 $608.55 $0.00 $3.44 $1,220.54
3 $1,220.54 $608.55 $0.00 $6.90 $1,835.99
4 $1,835.99 $608.55 $0.00 $10.38 $2,454.92
5 $2,454.92 $608.55 $0.00 $13.88 $3,077.35
6 $3,077.35 $608.55 $0.00 $17.40 $3,703.30
7 $3,703.30 $608.55 $0.00 $20.94 $4,332.79
8 $4,332.79 $608.55 $0.00 $24.50 $4,965.84
9 $4,965.84 $608.55 $0.00 $28.08 $5,602.47
10 $5,602.47 $608.55 $0.00 $31.68 $6,242.70
11 $6,242.70 $608.55 $0.00 $35.30 $6,886.55
12 $6,886.55 $608.55 $0.00 $38.94 $7,534.04
13 $7,534.04 $608.55 $0.00 $42.60 $8,185.19
14 $8,185.19 $608.55 $0.00 $46.28 $8,840.02
15 $8,840.02 $608.55 $0.00 $49.98 $9,498.55
16 $9,498.55 $608.55 $0.00 $53.71 $10,160.81
17 $10,160.81 $608.55 $0.00 $57.45 $10,826.81
18 $10,826.81 $608.55 $0.00 $61.22 $11,496.58
19 $11,496.58 $608.55 $0.00 $65.00 $12,170.13
20 $12,170.13 $608.55 $0.00 $68.81 $12,847.49
21 $12,847.49 $608.55 $0.00 $72.64 $13,528.68
22 $13,528.68 $608.55 $0.00 $76.49 $14,213.72
23 $14,213.72 $608.55 $0.00 $80.37 $14,902.64
24 $14,902.64 $608.55 $0.00 $84.26 $15,595.45
25 $15,595.45 $608.55 $0.00 $88.18 $16,292.18
26 $16,292.18 $608.55 $0.00 $92.12 $16,992.85
27 $16,992.85 $608.55 $0.00 $96.08 $17,697.48
28 $17,697.48 $608.55 $0.00 $100.06 $18,406.09
29 $18,406.09 $608.55 $0.00 $104.07 $19,118.71
30 $19,118.71 $608.55 $0.00 $108.10 $19,835.36
31 $19,835.36 $608.55 $0.00 $112.15 $20,556.06
32 $20,556.06 $608.55 $0.00 $116.23 $21,280.84
33 $21,280.84 $608.55 $0.00 $120.32 $22,009.71
34 $22,009.71 $608.55 $0.00 $124.45 $22,742.71
35 $22,742.71 $608.55 $0.00 $128.59 $23,479.85
36 $23,479.85 $608.55 $0.00 $132.76 $24,221.16
37 $24,221.16 $608.55 $0.00 $136.95 $24,966.66
38 $24,966.66 $608.55 $0.00 $141.17 $25,716.38
39 $25,716.38 $608.55 $0.00 $145.40 $26,470.33
40 $26,470.33 $608.55 $0.00 $149.67 $27,228.55
41 $27,228.55 $608.55 $0.00 $153.95 $27,991.05
42 $27,991.05 $608.55 $0.00 $158.27 $28,757.87
43 $28,757.87 $608.55 $0.00 $162.60 $29,529.02
44 $29,529.02 $608.55 $0.00 $166.96 $30,304.53
45 $30,304.53 $608.55 $0.00 $171.35 $31,084.43
46 $31,084.43 $608.55 $0.00 $175.76 $31,868.74
47 $31,868.74 $608.55 $0.00 $180.19 $32,657.48
48 $32,657.48 $608.55 $0.00 $184.65 $33,450.68
49 $33,450.68 $608.55 $0.00 $189.14 $34,248.37
50 $34,248.37 $608.55 $0.00 $193.65 $35,050.57
51 $35,050.57 $608.55 $0.00 $198.18 $35,857.30
52 $35,857.30 $608.55 $0.00 $202.74 $36,668.59
53 $36,668.59 $608.55 $0.00 $207.33 $37,484.47
54 $37,484.47 $608.55 $0.00 $211.94 $38,304.96
55 $38,304.96 $608.55 $0.00 $216.58 $39,130.09
56 $39,130.09 $608.55 $0.00 $221.25 $39,959.89
57 $39,959.89 $608.55 $0.00 $225.94 $40,794.38
58 $40,794.38 $608.55 $0.00 $230.66 $41,633.59
59 $41,633.59 $608.55 $0.00 $235.40 $42,477.54
60 $42,477.54 $608.55 $0.00 $240.17 $43,326.26
61 $43,326.26 $608.55 $0.00 $244.97 $44,179.78
62 $44,179.78 $608.55 $0.00 $249.80 $45,038.13
63 $45,038.13 $608.55 $0.00 $254.65 $45,901.33
64 $45,901.33 $608.55 $0.00 $259.53 $46,769.41
65 $46,769.41 $608.55 $0.00 $264.44 $47,642.40
66 $47,642.40 $608.55 $0.00 $269.38 $48,520.33
67 $48,520.33 $608.55 $0.00 $274.34 $49,403.22
68 $49,403.22 $608.55 $0.00 $279.33 $50,291.10
69 $50,291.10 $608.55 $0.00 $284.35 $51,184.00
70 $51,184.00 $608.55 $0.00 $289.40 $52,081.95
71 $52,081.95 $608.55 $0.00 $294.48 $52,984.98
72 $52,984.98 $608.55 $0.00 $299.58 $53,893.11
73 $53,893.11 $608.55 $0.00 $304.72 $54,806.38
74 $54,806.38 $608.55 $0.00 $309.88 $55,724.81
75 $55,724.81 $608.55 $0.00 $315.08 $56,648.44
76 $56,648.44 $608.55 $0.00 $320.30 $57,577.29
77 $57,577.29 $608.55 $0.00 $325.55 $58,511.39
78 $58,511.39 $608.55 $0.00 $330.83 $59,450.77
79 $59,450.77 $608.55 $0.00 $336.14 $60,395.46
80 $60,395.46 $608.55 $0.00 $341.48 $61,345.49
81 $61,345.49 $608.55 $0.00 $346.86 $62,300.90
82 $62,300.90 $608.55 $0.00 $352.26 $63,261.71
83 $63,261.71 $608.55 $0.00 $357.69 $64,227.95
84 $64,227.95 $608.55 $0.00 $363.15 $65,199.65
85 $65,199.65 $608.55 $0.00 $368.65 $66,176.85
86 $66,176.85 $608.55 $0.00 $374.17 $67,159.57
87 $67,159.57 $608.55 $0.00 $379.73 $68,147.85
88 $68,147.85 $608.55 $0.00 $385.32 $69,141.72
89 $69,141.72 $608.55 $0.00 $390.94 $70,141.21
90 $70,141.21 $608.55 $0.00 $396.59 $71,146.35
91 $71,146.35 $608.55 $0.00 $402.27 $72,157.17
92 $72,157.17 $608.55 $0.00 $407.99 $73,173.71
93 $73,173.71 $608.55 $0.00 $413.73 $74,195.99
94 $74,195.99 $608.55 $0.00 $419.51 $75,224.05
95 $75,224.05 $608.55 $0.00 $425.33 $76,257.93
96 $76,257.93 $608.55 $0.00 $431.17 $77,297.65
97 $77,297.65 $608.55 $0.00 $437.05 $78,343.25
98 $78,343.25 $608.55 $0.00 $442.96 $79,394.76
99 $79,394.76 $608.55 $0.00 $448.91 $80,452.22
100 $80,452.22 $608.55 $0.00 $454.89 $81,515.66
101 $81,515.66 $608.55 $0.00 $460.90 $82,585.11
102 $82,585.11 $608.55 $0.00 $466.95 $83,660.61
103 $83,660.61 $608.55 $0.00 $473.03 $84,742.19
104 $84,742.19 $608.55 $0.00 $479.14 $85,829.88
105 $85,829.88 $608.55 $0.00 $485.29 $86,923.72
106 $86,923.72 $608.55 $0.00 $491.48 $88,023.75
107 $88,023.75 $608.55 $0.00 $497.70 $89,130.00
108 $89,130.00 $608.55 $0.00 $503.95 $90,242.50
109 $90,242.50 $608.55 $0.00 $510.24 $91,361.29
110 $91,361.29 $608.55 $0.00 $516.57 $92,486.41
111 $92,486.41 $608.55 $0.00 $522.93 $93,617.89
112 $93,617.89 $608.55 $0.00 $529.33 $94,755.77
113 $94,755.77 $608.55 $0.00 $535.76 $95,900.08
114 $95,900.08 $608.55 $0.00 $542.23 $97,050.86
115 $97,050.86 $608.55 $0.00 $548.74 $98,208.15
116 $98,208.15 $608.55 $0.00 $555.28 $99,371.98
117 $99,371.98 $608.55 $0.00 $561.86 $100,542.39
118 $100,542.39 $608.55 $0.00 $568.48 $101,719.42
119 $101,719.42 $608.55 $0.00 $575.14 $102,903.11
120 $102,903.11 $608.55 $0.00 $581.83 $104,093.49
121 $104,093.49 $608.55 $0.00 $588.56 $105,290.60
122 $105,290.60 $608.55 $0.00 $595.33 $106,494.48
123 $106,494.48 $608.55 $0.00 $602.14 $107,705.17
124 $107,705.17 $608.55 $0.00 $608.98 $108,922.70
125 $108,922.70 $608.55 $0.00 $615.86 $110,147.11
126 $110,147.11 $608.55 $0.00 $622.79 $111,378.45
127 $111,378.45 $608.55 $0.00 $629.75 $112,616.75
128 $112,616.75 $608.55 $0.00 $636.75 $113,862.05
129 $113,862.05 $608.55 $0.00 $643.79 $115,114.39
130 $115,114.39 $608.55 $0.00 $650.87 $116,373.81
131 $116,373.81 $608.55 $0.00 $657.99 $117,640.35
132 $117,640.35 $608.55 $0.00 $665.16 $118,914.06
133 $118,914.06 $608.55 $0.00 $672.36 $120,194.97
134 $120,194.97 $608.55 $0.00 $679.60 $121,483.12
135 $121,483.12 $608.55 $0.00 $686.88 $122,778.55
136 $122,778.55 $608.55 $0.00 $694.21 $124,081.31
137 $124,081.31 $608.55 $0.00 $701.57 $125,391.43
138 $125,391.43 $608.55 $0.00 $708.98 $126,708.96
139 $126,708.96 $608.55 $0.00 $716.43 $128,033.94
140 $128,033.94 $608.55 $0.00 $723.92 $129,366.41
141 $129,366.41 $608.55 $0.00 $731.46 $130,706.42
142 $130,706.42 $608.55 $0.00 $739.03 $132,054.00
143 $132,054.00 $608.55 $0.00 $746.65 $133,409.20
144 $133,409.20 $608.55 $0.00 $754.32 $134,772.07
145 $134,772.07 $608.55 $0.00 $762.02 $136,142.64
146 $136,142.64 $608.55 $0.00 $769.77 $137,520.96
147 $137,520.96 $608.55 $0.00 $777.56 $138,907.07
148 $138,907.07 $608.55 $0.00 $785.40 $140,301.02
149 $140,301.02 $608.55 $0.00 $793.28 $141,702.85
150 $141,702.85 $608.55 $0.00 $801.21 $143,112.61
151 $143,112.61 $608.55 $0.00 $809.18 $144,530.34
152 $144,530.34 $608.55 $0.00 $817.20 $145,956.09
153 $145,956.09 $608.55 $0.00 $825.26 $147,389.90
154 $147,389.90 $608.55 $0.00 $833.36 $148,831.81
155 $148,831.81 $608.55 $0.00 $841.52 $150,281.88
156 $150,281.88 $608.55 $0.00 $849.72 $151,740.15
157 $151,740.15 $608.55 $0.00 $857.96 $153,206.66
158 $153,206.66 $608.55 $0.00 $866.25 $154,681.46
159 $154,681.46 $608.55 $0.00 $874.59 $156,164.60
160 $156,164.60 $608.55 $0.00 $882.98 $157,656.13
161 $157,656.13 $608.55 $0.00 $891.41 $159,156.09
162 $159,156.09 $608.55 $0.00 $899.89 $160,664.53
163 $160,664.53 $608.55 $0.00 $908.42 $162,181.50
164 $162,181.50 $608.55 $0.00 $917.00 $163,707.05
165 $163,707.05 $608.55 $0.00 $925.62 $165,241.22
166 $165,241.22 $608.55 $0.00 $934.30 $166,784.07
167 $166,784.07 $608.55 $0.00 $943.02 $168,335.64
168 $168,335.64 $608.55 $0.00 $951.79 $169,895.98
169 $169,895.98 $608.55 $0.00 $960.62 $171,465.15
170 $171,465.15 $608.55 $0.00 $969.49 $173,043.19
171 $173,043.19 $608.55 $0.00 $978.41 $174,630.15
172 $174,630.15 $608.55 $0.00 $987.38 $176,226.08
173 $176,226.08 $608.55 $0.00 $996.41 $177,831.04
174 $177,831.04 $608.55 $0.00 $1,005.48 $179,445.07
175 $179,445.07 $608.55 $0.00 $1,014.61 $181,068.23
176 $181,068.23 $608.55 $0.00 $1,023.79 $182,700.57
177 $182,700.57 $608.55 $0.00 $1,033.02 $184,342.14
178 $184,342.14 $608.55 $0.00 $1,042.30 $185,992.99
179 $185,992.99 $608.55 $0.00 $1,051.63 $187,653.17
180 $187,653.17 $608.55 $0.00 $1,061.02 $189,322.74
181 $189,322.74 $608.55 $0.00 $1,070.46 $191,001.75
182 $191,001.75 $608.55 $0.00 $1,079.95 $192,690.25
183 $192,690.25 $608.55 $0.00 $1,089.50 $194,388.30
184 $194,388.30 $608.55 $0.00 $1,099.10 $196,095.95
185 $196,095.95 $608.55 $0.00 $1,108.76 $197,813.26
186 $197,813.26 $608.55 $0.00 $1,118.46 $199,540.27
187 $199,540.27 $608.55 $0.00 $1,128.23 $201,277.05
188 $201,277.05 $608.55 $0.00 $1,138.05 $203,023.65
189 $203,023.65 $608.55 $0.00 $1,147.93 $204,780.13
190 $204,780.13 $608.55 $0.00 $1,157.86 $206,546.54
191 $206,546.54 $608.55 $0.00 $1,167.84 $208,322.93
192 $208,322.93 $608.55 $0.00 $1,177.89 $210,109.37
193 $210,109.37 $608.55 $0.00 $1,187.99 $211,905.91
194 $211,905.91 $608.55 $0.00 $1,198.15 $213,712.61
195 $213,712.61 $608.55 $0.00 $1,208.36 $215,529.52
196 $215,529.52 $608.55 $0.00 $1,218.64 $217,356.71
197 $217,356.71 $608.55 $0.00 $1,228.97 $219,194.23
198 $219,194.23 $608.55 $0.00 $1,239.36 $221,042.14
199 $221,042.14 $608.55 $0.00 $1,249.80 $222,900.49
200 $222,900.49 $608.55 $0.00 $1,260.31 $224,769.35
201 $224,769.35 $608.55 $0.00 $1,270.88 $226,648.78
202 $226,648.78 $608.55 $0.00 $1,281.51 $228,538.84
203 $228,538.84 $608.55 $0.00 $1,292.19 $230,439.58
204 $230,439.58 $608.55 $0.00 $1,302.94 $232,351.07
205 $232,351.07 $608.55 $0.00 $1,313.75 $234,273.37
206 $234,273.37 $608.55 $0.00 $1,324.62 $236,206.54
207 $236,206.54 $608.55 $0.00 $1,335.55 $238,150.64
208 $238,150.64 $608.55 $0.00 $1,346.54 $240,105.73
209 $240,105.73 $608.55 $0.00 $1,357.59 $242,071.87
210 $242,071.87 $608.55 $0.00 $1,368.71 $244,049.13
211 $244,049.13 $608.55 $0.00 $1,379.89 $246,037.57
212 $246,037.57 $608.55 $0.00 $1,391.13 $248,037.25
213 $248,037.25 $608.55 $0.00 $1,402.44 $250,048.24
214 $250,048.24 $608.55 $0.00 $1,413.81 $252,070.60
215 $252,070.60 $608.55 $0.00 $1,425.24 $254,104.39
216 $254,104.39 $608.55 $0.00 $1,436.74 $256,149.68
217 $256,149.68 $608.55 $71,346.63 $1,448.31 $186,859.91
218 $186,859.91 $608.55 $0.00 $1,056.53 $188,524.99
219 $188,524.99 $608.55 $0.00 $1,065.95 $190,199.49
220 $190,199.49 $608.55 $0.00 $1,075.42 $191,883.46
221 $191,883.46 $608.55 $0.00 $1,084.94 $193,576.95
222 $193,576.95 $608.55 $0.00 $1,094.51 $195,280.01
223 $195,280.01 $608.55 $0.00 $1,104.14 $196,992.70
224 $196,992.70 $608.55 $0.00 $1,113.83 $198,715.08
225 $198,715.08 $608.55 $0.00 $1,123.56 $200,447.19
226 $200,447.19 $608.55 $0.00 $1,133.36 $202,189.10
227 $202,189.10 $608.55 $0.00 $1,143.21 $203,940.86
228 $203,940.86 $608.55 $0.00 $1,153.11 $205,702.52
229 $205,702.52 $608.55 $74,913.97 $1,163.07 $132,560.17
230 $132,560.17 $608.55 $0.00 $749.51 $133,918.23
231 $133,918.23 $608.55 $0.00 $757.19 $135,283.97
232 $135,283.97 $608.55 $0.00 $764.92 $136,657.44
233 $136,657.44 $608.55 $0.00 $772.68 $138,038.67
234 $138,038.67 $608.55 $0.00 $780.49 $139,427.71
235 $139,427.71 $608.55 $0.00 $788.34 $140,824.60
236 $140,824.60 $608.55 $0.00 $796.24 $142,229.39
237 $142,229.39 $608.55 $0.00 $804.19 $143,642.13
238 $143,642.13 $608.55 $0.00 $812.17 $145,062.85
239 $145,062.85 $608.55 $0.00 $820.21 $146,491.61
240 $146,491.61 $608.55 $0.00 $828.28 $147,928.44
241 $147,928.44 $608.55 $78,659.66 $836.41 $70,713.74
242 $70,713.74 $608.55 $0.00 $399.83 $71,722.12
243 $71,722.12 $608.55 $0.00 $405.53 $72,736.20
244 $72,736.20 $608.55 $0.00 $411.26 $73,756.01
245 $73,756.01 $608.55 $0.00 $417.03 $74,781.59
246 $74,781.59 $608.55 $0.00 $422.83 $75,812.97
247 $75,812.97 $608.55 $0.00 $428.66 $76,850.18
248 $76,850.18 $608.55 $0.00 $434.52 $77,893.25
249 $77,893.25 $608.55 $0.00 $440.42 $78,942.22
250 $78,942.22 $608.55 $0.00 $446.35 $79,997.12
251 $79,997.12 $608.55 $0.00 $452.32 $81,057.99
252 $81,057.99 $608.55 $0.00 $458.31 $82,124.85
253 $82,124.85 $0.00 $82,592.65 $464.35 ($3.45)