Savings Plan and Future Cost Estimation for University of Maryland College Park

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$72,109
Monthly savings required$571

How much will it cost to send your child to University of Maryland College Park in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $288,437.28 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $570.80 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$27,807.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $570.80 $0.00 $0.00 $570.80
2 $570.80 $570.80 $0.00 $3.23 $1,144.83
3 $1,144.83 $570.80 $0.00 $6.47 $1,722.10
4 $1,722.10 $570.80 $0.00 $9.74 $2,302.64
5 $2,302.64 $570.80 $0.00 $13.02 $2,886.46
6 $2,886.46 $570.80 $0.00 $16.32 $3,473.58
7 $3,473.58 $570.80 $0.00 $19.64 $4,064.02
8 $4,064.02 $570.80 $0.00 $22.98 $4,657.80
9 $4,657.80 $570.80 $0.00 $26.34 $5,254.94
10 $5,254.94 $570.80 $0.00 $29.71 $5,855.45
11 $5,855.45 $570.80 $0.00 $33.11 $6,459.36
12 $6,459.36 $570.80 $0.00 $36.52 $7,066.68
13 $7,066.68 $570.80 $0.00 $39.96 $7,677.44
14 $7,677.44 $570.80 $0.00 $43.41 $8,291.65
15 $8,291.65 $570.80 $0.00 $46.88 $8,909.33
16 $8,909.33 $570.80 $0.00 $50.37 $9,530.50
17 $9,530.50 $570.80 $0.00 $53.89 $10,155.19
18 $10,155.19 $570.80 $0.00 $57.42 $10,783.41
19 $10,783.41 $570.80 $0.00 $60.97 $11,415.18
20 $11,415.18 $570.80 $0.00 $64.54 $12,050.52
21 $12,050.52 $570.80 $0.00 $68.14 $12,689.46
22 $12,689.46 $570.80 $0.00 $71.75 $13,332.01
23 $13,332.01 $570.80 $0.00 $75.38 $13,978.19
24 $13,978.19 $570.80 $0.00 $79.03 $14,628.02
25 $14,628.02 $570.80 $0.00 $82.71 $15,281.53
26 $15,281.53 $570.80 $0.00 $86.40 $15,938.73
27 $15,938.73 $570.80 $0.00 $90.12 $16,599.65
28 $16,599.65 $570.80 $0.00 $93.86 $17,264.31
29 $17,264.31 $570.80 $0.00 $97.61 $17,932.72
30 $17,932.72 $570.80 $0.00 $101.39 $18,604.91
31 $18,604.91 $570.80 $0.00 $105.19 $19,280.90
32 $19,280.90 $570.80 $0.00 $109.02 $19,960.72
33 $19,960.72 $570.80 $0.00 $112.86 $20,644.38
34 $20,644.38 $570.80 $0.00 $116.73 $21,331.91
35 $21,331.91 $570.80 $0.00 $120.61 $22,023.32
36 $22,023.32 $570.80 $0.00 $124.52 $22,718.64
37 $22,718.64 $570.80 $0.00 $128.45 $23,417.89
38 $23,417.89 $570.80 $0.00 $132.41 $24,121.10
39 $24,121.10 $570.80 $0.00 $136.38 $24,828.28
40 $24,828.28 $570.80 $0.00 $140.38 $25,539.46
41 $25,539.46 $570.80 $0.00 $144.40 $26,254.66
42 $26,254.66 $570.80 $0.00 $148.45 $26,973.91
43 $26,973.91 $570.80 $0.00 $152.51 $27,697.22
44 $27,697.22 $570.80 $0.00 $156.60 $28,424.62
45 $28,424.62 $570.80 $0.00 $160.72 $29,156.14
46 $29,156.14 $570.80 $0.00 $164.85 $29,891.79
47 $29,891.79 $570.80 $0.00 $169.01 $30,631.60
48 $30,631.60 $570.80 $0.00 $173.20 $31,375.60
49 $31,375.60 $570.80 $0.00 $177.40 $32,123.80
50 $32,123.80 $570.80 $0.00 $181.63 $32,876.23
51 $32,876.23 $570.80 $0.00 $185.89 $33,632.92
52 $33,632.92 $570.80 $0.00 $190.17 $34,393.89
53 $34,393.89 $570.80 $0.00 $194.47 $35,159.16
54 $35,159.16 $570.80 $0.00 $198.80 $35,928.76
55 $35,928.76 $570.80 $0.00 $203.15 $36,702.71
56 $36,702.71 $570.80 $0.00 $207.52 $37,481.03
57 $37,481.03 $570.80 $0.00 $211.92 $38,263.75
58 $38,263.75 $570.80 $0.00 $216.35 $39,050.90
59 $39,050.90 $570.80 $0.00 $220.80 $39,842.50
60 $39,842.50 $570.80 $0.00 $225.28 $40,638.58
61 $40,638.58 $570.80 $0.00 $229.78 $41,439.16
62 $41,439.16 $570.80 $0.00 $234.30 $42,244.26
63 $42,244.26 $570.80 $0.00 $238.86 $43,053.92
64 $43,053.92 $570.80 $0.00 $243.43 $43,868.15
65 $43,868.15 $570.80 $0.00 $248.04 $44,686.99
66 $44,686.99 $570.80 $0.00 $252.67 $45,510.46
67 $45,510.46 $570.80 $0.00 $257.32 $46,338.58
68 $46,338.58 $570.80 $0.00 $262.01 $47,171.39
69 $47,171.39 $570.80 $0.00 $266.71 $48,008.90
70 $48,008.90 $570.80 $0.00 $271.45 $48,851.15
71 $48,851.15 $570.80 $0.00 $276.21 $49,698.16
72 $49,698.16 $570.80 $0.00 $281.00 $50,549.96
73 $50,549.96 $570.80 $0.00 $285.82 $51,406.58
74 $51,406.58 $570.80 $0.00 $290.66 $52,268.04
75 $52,268.04 $570.80 $0.00 $295.53 $53,134.37
76 $53,134.37 $570.80 $0.00 $300.43 $54,005.60
77 $54,005.60 $570.80 $0.00 $305.36 $54,881.76
78 $54,881.76 $570.80 $0.00 $310.31 $55,762.87
79 $55,762.87 $570.80 $0.00 $315.29 $56,648.96
80 $56,648.96 $570.80 $0.00 $320.30 $57,540.06
81 $57,540.06 $570.80 $0.00 $325.34 $58,436.20
82 $58,436.20 $570.80 $0.00 $330.41 $59,337.41
83 $59,337.41 $570.80 $0.00 $335.50 $60,243.71
84 $60,243.71 $570.80 $0.00 $340.63 $61,155.14
85 $61,155.14 $570.80 $0.00 $345.78 $62,071.72
86 $62,071.72 $570.80 $0.00 $350.96 $62,993.48
87 $62,993.48 $570.80 $0.00 $356.17 $63,920.45
88 $63,920.45 $570.80 $0.00 $361.42 $64,852.67
89 $64,852.67 $570.80 $0.00 $366.69 $65,790.16
90 $65,790.16 $570.80 $0.00 $371.99 $66,732.95
91 $66,732.95 $570.80 $0.00 $377.32 $67,681.07
92 $67,681.07 $570.80 $0.00 $382.68 $68,634.55
93 $68,634.55 $570.80 $0.00 $388.07 $69,593.42
94 $69,593.42 $570.80 $0.00 $393.49 $70,557.71
95 $70,557.71 $570.80 $0.00 $398.94 $71,527.45
96 $71,527.45 $570.80 $0.00 $404.43 $72,502.68
97 $72,502.68 $570.80 $0.00 $409.94 $73,483.42
98 $73,483.42 $570.80 $0.00 $415.49 $74,469.71
99 $74,469.71 $570.80 $0.00 $421.06 $75,461.57
100 $75,461.57 $570.80 $0.00 $426.67 $76,459.04
101 $76,459.04 $570.80 $0.00 $432.31 $77,462.15
102 $77,462.15 $570.80 $0.00 $437.98 $78,470.93
103 $78,470.93 $570.80 $0.00 $443.69 $79,485.42
104 $79,485.42 $570.80 $0.00 $449.42 $80,505.64
105 $80,505.64 $570.80 $0.00 $455.19 $81,531.63
106 $81,531.63 $570.80 $0.00 $460.99 $82,563.42
107 $82,563.42 $570.80 $0.00 $466.83 $83,601.05
108 $83,601.05 $570.80 $0.00 $472.69 $84,644.54
109 $84,644.54 $570.80 $0.00 $478.59 $85,693.93
110 $85,693.93 $570.80 $0.00 $484.53 $86,749.26
111 $86,749.26 $570.80 $0.00 $490.49 $87,810.55
112 $87,810.55 $570.80 $0.00 $496.49 $88,877.84
113 $88,877.84 $570.80 $0.00 $502.53 $89,951.17
114 $89,951.17 $570.80 $0.00 $508.60 $91,030.57
115 $91,030.57 $570.80 $0.00 $514.70 $92,116.07
116 $92,116.07 $570.80 $0.00 $520.84 $93,207.71
117 $93,207.71 $570.80 $0.00 $527.01 $94,305.52
118 $94,305.52 $570.80 $0.00 $533.22 $95,409.54
119 $95,409.54 $570.80 $0.00 $539.46 $96,519.80
120 $96,519.80 $570.80 $0.00 $545.74 $97,636.34
121 $97,636.34 $570.80 $0.00 $552.05 $98,759.19
122 $98,759.19 $570.80 $0.00 $558.40 $99,888.39
123 $99,888.39 $570.80 $0.00 $564.78 $101,023.97
124 $101,023.97 $570.80 $0.00 $571.20 $102,165.97
125 $102,165.97 $570.80 $0.00 $577.66 $103,314.43
126 $103,314.43 $570.80 $0.00 $584.15 $104,469.38
127 $104,469.38 $570.80 $0.00 $590.69 $105,630.87
128 $105,630.87 $570.80 $0.00 $597.25 $106,798.92
129 $106,798.92 $570.80 $0.00 $603.86 $107,973.58
130 $107,973.58 $570.80 $0.00 $610.50 $109,154.88
131 $109,154.88 $570.80 $0.00 $617.18 $110,342.86
132 $110,342.86 $570.80 $0.00 $623.89 $111,537.55
133 $111,537.55 $570.80 $0.00 $630.65 $112,739.00
134 $112,739.00 $570.80 $0.00 $637.44 $113,947.24
135 $113,947.24 $570.80 $0.00 $644.27 $115,162.31
136 $115,162.31 $570.80 $0.00 $651.14 $116,384.25
137 $116,384.25 $570.80 $0.00 $658.05 $117,613.10
138 $117,613.10 $570.80 $0.00 $665.00 $118,848.90
139 $118,848.90 $570.80 $0.00 $671.99 $120,091.69
140 $120,091.69 $570.80 $0.00 $679.02 $121,341.51
141 $121,341.51 $570.80 $0.00 $686.08 $122,598.39
142 $122,598.39 $570.80 $0.00 $693.19 $123,862.38
143 $123,862.38 $570.80 $0.00 $700.34 $125,133.52
144 $125,133.52 $570.80 $0.00 $707.52 $126,411.84
145 $126,411.84 $570.80 $0.00 $714.75 $127,697.39
146 $127,697.39 $570.80 $0.00 $722.02 $128,990.21
147 $128,990.21 $570.80 $0.00 $729.33 $130,290.34
148 $130,290.34 $570.80 $0.00 $736.68 $131,597.82
149 $131,597.82 $570.80 $0.00 $744.07 $132,912.69
150 $132,912.69 $570.80 $0.00 $751.51 $134,235.00
151 $134,235.00 $570.80 $0.00 $758.98 $135,564.78
152 $135,564.78 $570.80 $0.00 $766.50 $136,902.08
153 $136,902.08 $570.80 $0.00 $774.06 $138,246.94
154 $138,246.94 $570.80 $0.00 $781.67 $139,599.41
155 $139,599.41 $570.80 $0.00 $789.32 $140,959.53
156 $140,959.53 $570.80 $0.00 $797.01 $142,327.34
157 $142,327.34 $570.80 $0.00 $804.74 $143,702.88
158 $143,702.88 $570.80 $0.00 $812.52 $145,086.20
159 $145,086.20 $570.80 $0.00 $820.34 $146,477.34
160 $146,477.34 $570.80 $0.00 $828.20 $147,876.34
161 $147,876.34 $570.80 $0.00 $836.11 $149,283.25
162 $149,283.25 $570.80 $0.00 $844.07 $150,698.12
163 $150,698.12 $570.80 $0.00 $852.07 $152,120.99
164 $152,120.99 $570.80 $0.00 $860.11 $153,551.90
165 $153,551.90 $570.80 $0.00 $868.20 $154,990.90
166 $154,990.90 $570.80 $0.00 $876.34 $156,438.04
167 $156,438.04 $570.80 $0.00 $884.52 $157,893.36
168 $157,893.36 $570.80 $0.00 $892.75 $159,356.91
169 $159,356.91 $570.80 $0.00 $901.03 $160,828.74
170 $160,828.74 $570.80 $0.00 $909.35 $162,308.89
171 $162,308.89 $570.80 $0.00 $917.72 $163,797.41
172 $163,797.41 $570.80 $0.00 $926.13 $165,294.34
173 $165,294.34 $570.80 $0.00 $934.60 $166,799.74
174 $166,799.74 $570.80 $0.00 $943.11 $168,313.65
175 $168,313.65 $570.80 $0.00 $951.67 $169,836.12
176 $169,836.12 $570.80 $0.00 $960.28 $171,367.20
177 $171,367.20 $570.80 $0.00 $968.94 $172,906.94
178 $172,906.94 $570.80 $0.00 $977.64 $174,455.38
179 $174,455.38 $570.80 $0.00 $986.40 $176,012.58
180 $176,012.58 $570.80 $0.00 $995.20 $177,578.58
181 $177,578.58 $570.80 $0.00 $1,004.06 $179,153.44
182 $179,153.44 $570.80 $0.00 $1,012.96 $180,737.20
183 $180,737.20 $570.80 $0.00 $1,021.91 $182,329.91
184 $182,329.91 $570.80 $0.00 $1,030.92 $183,931.63
185 $183,931.63 $570.80 $0.00 $1,039.98 $185,542.41
186 $185,542.41 $570.80 $0.00 $1,049.08 $187,162.29
187 $187,162.29 $570.80 $0.00 $1,058.24 $188,791.33
188 $188,791.33 $570.80 $0.00 $1,067.45 $190,429.58
189 $190,429.58 $570.80 $0.00 $1,076.72 $192,077.10
190 $192,077.10 $570.80 $0.00 $1,086.03 $193,733.93
191 $193,733.93 $570.80 $0.00 $1,095.40 $195,400.13
192 $195,400.13 $570.80 $0.00 $1,104.82 $197,075.75
193 $197,075.75 $570.80 $0.00 $1,114.29 $198,760.84
194 $198,760.84 $570.80 $0.00 $1,123.82 $200,455.46
195 $200,455.46 $570.80 $0.00 $1,133.40 $202,159.66
196 $202,159.66 $570.80 $0.00 $1,143.04 $203,873.50
197 $203,873.50 $570.80 $0.00 $1,152.73 $205,597.03
198 $205,597.03 $570.80 $0.00 $1,162.48 $207,330.31
199 $207,330.31 $570.80 $0.00 $1,172.28 $209,073.39
200 $209,073.39 $570.80 $0.00 $1,182.13 $210,826.32
201 $210,826.32 $570.80 $0.00 $1,192.04 $212,589.16
202 $212,589.16 $570.80 $0.00 $1,202.01 $214,361.97
203 $214,361.97 $570.80 $0.00 $1,212.03 $216,144.80
204 $216,144.80 $570.80 $0.00 $1,222.11 $217,937.71
205 $217,937.71 $570.80 $0.00 $1,232.25 $219,740.76
206 $219,740.76 $570.80 $0.00 $1,242.45 $221,554.01
207 $221,554.01 $570.80 $0.00 $1,252.70 $223,377.51
208 $223,377.51 $570.80 $0.00 $1,263.01 $225,211.32
209 $225,211.32 $570.80 $0.00 $1,273.38 $227,055.50
210 $227,055.50 $570.80 $0.00 $1,283.80 $228,910.10
211 $228,910.10 $570.80 $0.00 $1,294.29 $230,775.19
212 $230,775.19 $570.80 $0.00 $1,304.84 $232,650.83
213 $232,650.83 $570.80 $0.00 $1,315.44 $234,537.07
214 $234,537.07 $570.80 $0.00 $1,326.11 $236,433.98
215 $236,433.98 $570.80 $0.00 $1,336.83 $238,341.61
216 $238,341.61 $570.80 $0.00 $1,347.62 $240,260.03
217 $240,260.03 $570.80 $66,920.86 $1,358.47 $175,268.44
218 $175,268.44 $570.80 $0.00 $990.99 $176,830.23
219 $176,830.23 $570.80 $0.00 $999.82 $178,400.85
220 $178,400.85 $570.80 $0.00 $1,008.70 $179,980.35
221 $179,980.35 $570.80 $0.00 $1,017.64 $181,568.79
222 $181,568.79 $570.80 $0.00 $1,026.62 $183,166.21
223 $183,166.21 $570.80 $0.00 $1,035.65 $184,772.66
224 $184,772.66 $570.80 $0.00 $1,044.73 $186,388.19
225 $186,388.19 $570.80 $0.00 $1,053.87 $188,012.86
226 $188,012.86 $570.80 $0.00 $1,063.05 $189,646.71
227 $189,646.71 $570.80 $0.00 $1,072.29 $191,289.80
228 $191,289.80 $570.80 $0.00 $1,081.58 $192,942.18
229 $192,942.18 $570.80 $70,266.90 $1,090.92 $124,337.00
230 $124,337.00 $570.80 $0.00 $703.02 $125,610.82
231 $125,610.82 $570.80 $0.00 $710.22 $126,891.84
232 $126,891.84 $570.80 $0.00 $717.46 $128,180.10
233 $128,180.10 $570.80 $0.00 $724.75 $129,475.65
234 $129,475.65 $570.80 $0.00 $732.07 $130,778.52
235 $130,778.52 $570.80 $0.00 $739.44 $132,088.76
236 $132,088.76 $570.80 $0.00 $746.85 $133,406.41
237 $133,406.41 $570.80 $0.00 $754.30 $134,731.51
238 $134,731.51 $570.80 $0.00 $761.79 $136,064.10
239 $136,064.10 $570.80 $0.00 $769.33 $137,404.23
240 $137,404.23 $570.80 $0.00 $776.90 $138,751.93
241 $138,751.93 $570.80 $73,780.25 $784.52 $66,327.00
242 $66,327.00 $570.80 $0.00 $375.02 $67,272.82
243 $67,272.82 $570.80 $0.00 $380.37 $68,223.99
244 $68,223.99 $570.80 $0.00 $385.75 $69,180.54
245 $69,180.54 $570.80 $0.00 $391.16 $70,142.50
246 $70,142.50 $570.80 $0.00 $396.60 $71,109.90
247 $71,109.90 $570.80 $0.00 $402.07 $72,082.77
248 $72,082.77 $570.80 $0.00 $407.57 $73,061.14
249 $73,061.14 $570.80 $0.00 $413.10 $74,045.04
250 $74,045.04 $570.80 $0.00 $418.66 $75,034.50
251 $75,034.50 $570.80 $0.00 $424.26 $76,029.56
252 $76,029.56 $570.80 $0.00 $429.88 $77,030.24
253 $77,030.24 $0.00 $77,469.26 $435.54 ($3.48)