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 2039$72,262
Monthly savings required$572

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 $289,049.27 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $572.02 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$27,866.00
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 $572.02 $0.00 $0.00 $572.02
2 $572.02 $572.02 $0.00 $3.23 $1,147.27
3 $1,147.27 $572.02 $0.00 $6.49 $1,725.78
4 $1,725.78 $572.02 $0.00 $9.76 $2,307.56
5 $2,307.56 $572.02 $0.00 $13.05 $2,892.63
6 $2,892.63 $572.02 $0.00 $16.36 $3,481.01
7 $3,481.01 $572.02 $0.00 $19.68 $4,072.71
8 $4,072.71 $572.02 $0.00 $23.03 $4,667.76
9 $4,667.76 $572.02 $0.00 $26.39 $5,266.17
10 $5,266.17 $572.02 $0.00 $29.78 $5,867.97
11 $5,867.97 $572.02 $0.00 $33.18 $6,473.17
12 $6,473.17 $572.02 $0.00 $36.60 $7,081.79
13 $7,081.79 $572.02 $0.00 $40.04 $7,693.85
14 $7,693.85 $572.02 $0.00 $43.50 $8,309.37
15 $8,309.37 $572.02 $0.00 $46.98 $8,928.37
16 $8,928.37 $572.02 $0.00 $50.48 $9,550.87
17 $9,550.87 $572.02 $0.00 $54.00 $10,176.89
18 $10,176.89 $572.02 $0.00 $57.54 $10,806.45
19 $10,806.45 $572.02 $0.00 $61.10 $11,439.57
20 $11,439.57 $572.02 $0.00 $64.68 $12,076.27
21 $12,076.27 $572.02 $0.00 $68.28 $12,716.57
22 $12,716.57 $572.02 $0.00 $71.90 $13,360.49
23 $13,360.49 $572.02 $0.00 $75.54 $14,008.05
24 $14,008.05 $572.02 $0.00 $79.20 $14,659.27
25 $14,659.27 $572.02 $0.00 $82.89 $15,314.18
26 $15,314.18 $572.02 $0.00 $86.59 $15,972.79
27 $15,972.79 $572.02 $0.00 $90.31 $16,635.12
28 $16,635.12 $572.02 $0.00 $94.06 $17,301.20
29 $17,301.20 $572.02 $0.00 $97.82 $17,971.04
30 $17,971.04 $572.02 $0.00 $101.61 $18,644.67
31 $18,644.67 $572.02 $0.00 $105.42 $19,322.11
32 $19,322.11 $572.02 $0.00 $109.25 $20,003.38
33 $20,003.38 $572.02 $0.00 $113.10 $20,688.50
34 $20,688.50 $572.02 $0.00 $116.98 $21,377.50
35 $21,377.50 $572.02 $0.00 $120.87 $22,070.39
36 $22,070.39 $572.02 $0.00 $124.79 $22,767.20
37 $22,767.20 $572.02 $0.00 $128.73 $23,467.95
38 $23,467.95 $572.02 $0.00 $132.69 $24,172.66
39 $24,172.66 $572.02 $0.00 $136.68 $24,881.36
40 $24,881.36 $572.02 $0.00 $140.68 $25,594.06
41 $25,594.06 $572.02 $0.00 $144.71 $26,310.79
42 $26,310.79 $572.02 $0.00 $148.77 $27,031.58
43 $27,031.58 $572.02 $0.00 $152.84 $27,756.44
44 $27,756.44 $572.02 $0.00 $156.94 $28,485.40
45 $28,485.40 $572.02 $0.00 $161.06 $29,218.48
46 $29,218.48 $572.02 $0.00 $165.21 $29,955.71
47 $29,955.71 $572.02 $0.00 $169.37 $30,697.10
48 $30,697.10 $572.02 $0.00 $173.57 $31,442.69
49 $31,442.69 $572.02 $0.00 $177.78 $32,192.49
50 $32,192.49 $572.02 $0.00 $182.02 $32,946.53
51 $32,946.53 $572.02 $0.00 $186.28 $33,704.83
52 $33,704.83 $572.02 $0.00 $190.57 $34,467.42
53 $34,467.42 $572.02 $0.00 $194.88 $35,234.32
54 $35,234.32 $572.02 $0.00 $199.22 $36,005.56
55 $36,005.56 $572.02 $0.00 $203.58 $36,781.16
56 $36,781.16 $572.02 $0.00 $207.97 $37,561.15
57 $37,561.15 $572.02 $0.00 $212.38 $38,345.55
58 $38,345.55 $572.02 $0.00 $216.81 $39,134.38
59 $39,134.38 $572.02 $0.00 $221.27 $39,927.67
60 $39,927.67 $572.02 $0.00 $225.76 $40,725.45
61 $40,725.45 $572.02 $0.00 $230.27 $41,527.74
62 $41,527.74 $572.02 $0.00 $234.80 $42,334.56
63 $42,334.56 $572.02 $0.00 $239.37 $43,145.95
64 $43,145.95 $572.02 $0.00 $243.95 $43,961.92
65 $43,961.92 $572.02 $0.00 $248.57 $44,782.51
66 $44,782.51 $572.02 $0.00 $253.21 $45,607.74
67 $45,607.74 $572.02 $0.00 $257.87 $46,437.63
68 $46,437.63 $572.02 $0.00 $262.57 $47,272.22
69 $47,272.22 $572.02 $0.00 $267.28 $48,111.52
70 $48,111.52 $572.02 $0.00 $272.03 $48,955.57
71 $48,955.57 $572.02 $0.00 $276.80 $49,804.39
72 $49,804.39 $572.02 $0.00 $281.60 $50,658.01
73 $50,658.01 $572.02 $0.00 $286.43 $51,516.46
74 $51,516.46 $572.02 $0.00 $291.28 $52,379.76
75 $52,379.76 $572.02 $0.00 $296.16 $53,247.94
76 $53,247.94 $572.02 $0.00 $301.07 $54,121.03
77 $54,121.03 $572.02 $0.00 $306.01 $54,999.06
78 $54,999.06 $572.02 $0.00 $310.97 $55,882.05
79 $55,882.05 $572.02 $0.00 $315.97 $56,770.04
80 $56,770.04 $572.02 $0.00 $320.99 $57,663.05
81 $57,663.05 $572.02 $0.00 $326.04 $58,561.11
82 $58,561.11 $572.02 $0.00 $331.11 $59,464.24
83 $59,464.24 $572.02 $0.00 $336.22 $60,372.48
84 $60,372.48 $572.02 $0.00 $341.35 $61,285.85
85 $61,285.85 $572.02 $0.00 $346.52 $62,204.39
86 $62,204.39 $572.02 $0.00 $351.71 $63,128.12
87 $63,128.12 $572.02 $0.00 $356.94 $64,057.08
88 $64,057.08 $572.02 $0.00 $362.19 $64,991.29
89 $64,991.29 $572.02 $0.00 $367.47 $65,930.78
90 $65,930.78 $572.02 $0.00 $372.78 $66,875.58
91 $66,875.58 $572.02 $0.00 $378.12 $67,825.72
92 $67,825.72 $572.02 $0.00 $383.50 $68,781.24
93 $68,781.24 $572.02 $0.00 $388.90 $69,742.16
94 $69,742.16 $572.02 $0.00 $394.33 $70,708.51
95 $70,708.51 $572.02 $0.00 $399.80 $71,680.33
96 $71,680.33 $572.02 $0.00 $405.29 $72,657.64
97 $72,657.64 $572.02 $0.00 $410.82 $73,640.48
98 $73,640.48 $572.02 $0.00 $416.37 $74,628.87
99 $74,628.87 $572.02 $0.00 $421.96 $75,622.85
100 $75,622.85 $572.02 $0.00 $427.58 $76,622.45
101 $76,622.45 $572.02 $0.00 $433.23 $77,627.70
102 $77,627.70 $572.02 $0.00 $438.92 $78,638.64
103 $78,638.64 $572.02 $0.00 $444.63 $79,655.29
104 $79,655.29 $572.02 $0.00 $450.38 $80,677.69
105 $80,677.69 $572.02 $0.00 $456.16 $81,705.87
106 $81,705.87 $572.02 $0.00 $461.98 $82,739.87
107 $82,739.87 $572.02 $0.00 $467.82 $83,779.71
108 $83,779.71 $572.02 $0.00 $473.70 $84,825.43
109 $84,825.43 $572.02 $0.00 $479.62 $85,877.07
110 $85,877.07 $572.02 $0.00 $485.56 $86,934.65
111 $86,934.65 $572.02 $0.00 $491.54 $87,998.21
112 $87,998.21 $572.02 $0.00 $497.55 $89,067.78
113 $89,067.78 $572.02 $0.00 $503.60 $90,143.40
114 $90,143.40 $572.02 $0.00 $509.68 $91,225.10
115 $91,225.10 $572.02 $0.00 $515.80 $92,312.92
116 $92,312.92 $572.02 $0.00 $521.95 $93,406.89
117 $93,406.89 $572.02 $0.00 $528.14 $94,507.05
118 $94,507.05 $572.02 $0.00 $534.36 $95,613.43
119 $95,613.43 $572.02 $0.00 $540.61 $96,726.06
120 $96,726.06 $572.02 $0.00 $546.90 $97,844.98
121 $97,844.98 $572.02 $0.00 $553.23 $98,970.23
122 $98,970.23 $572.02 $0.00 $559.59 $100,101.84
123 $100,101.84 $572.02 $0.00 $565.99 $101,239.85
124 $101,239.85 $572.02 $0.00 $572.42 $102,384.29
125 $102,384.29 $572.02 $0.00 $578.90 $103,535.21
126 $103,535.21 $572.02 $0.00 $585.40 $104,692.63
127 $104,692.63 $572.02 $0.00 $591.95 $105,856.60
128 $105,856.60 $572.02 $0.00 $598.53 $107,027.15
129 $107,027.15 $572.02 $0.00 $605.15 $108,204.32
130 $108,204.32 $572.02 $0.00 $611.80 $109,388.14
131 $109,388.14 $572.02 $0.00 $618.50 $110,578.66
132 $110,578.66 $572.02 $0.00 $625.23 $111,775.91
133 $111,775.91 $572.02 $0.00 $632.00 $112,979.93
134 $112,979.93 $572.02 $0.00 $638.80 $114,190.75
135 $114,190.75 $572.02 $0.00 $645.65 $115,408.42
136 $115,408.42 $572.02 $0.00 $652.54 $116,632.98
137 $116,632.98 $572.02 $0.00 $659.46 $117,864.46
138 $117,864.46 $572.02 $0.00 $666.42 $119,102.90
139 $119,102.90 $572.02 $0.00 $673.43 $120,348.35
140 $120,348.35 $572.02 $0.00 $680.47 $121,600.84
141 $121,600.84 $572.02 $0.00 $687.55 $122,860.41
142 $122,860.41 $572.02 $0.00 $694.67 $124,127.10
143 $124,127.10 $572.02 $0.00 $701.83 $125,400.95
144 $125,400.95 $572.02 $0.00 $709.04 $126,682.01
145 $126,682.01 $572.02 $0.00 $716.28 $127,970.31
146 $127,970.31 $572.02 $0.00 $723.56 $129,265.89
147 $129,265.89 $572.02 $0.00 $730.89 $130,568.80
148 $130,568.80 $572.02 $0.00 $738.25 $131,879.07
149 $131,879.07 $572.02 $0.00 $745.66 $133,196.75
150 $133,196.75 $572.02 $0.00 $753.11 $134,521.88
151 $134,521.88 $572.02 $0.00 $760.61 $135,854.51
152 $135,854.51 $572.02 $0.00 $768.14 $137,194.67
153 $137,194.67 $572.02 $0.00 $775.72 $138,542.41
154 $138,542.41 $572.02 $0.00 $783.34 $139,897.77
155 $139,897.77 $572.02 $0.00 $791.00 $141,260.79
156 $141,260.79 $572.02 $0.00 $798.71 $142,631.52
157 $142,631.52 $572.02 $0.00 $806.46 $144,010.00
158 $144,010.00 $572.02 $0.00 $814.25 $145,396.27
159 $145,396.27 $572.02 $0.00 $822.09 $146,790.38
160 $146,790.38 $572.02 $0.00 $829.97 $148,192.37
161 $148,192.37 $572.02 $0.00 $837.90 $149,602.29
162 $149,602.29 $572.02 $0.00 $845.87 $151,020.18
163 $151,020.18 $572.02 $0.00 $853.89 $152,446.09
164 $152,446.09 $572.02 $0.00 $861.95 $153,880.06
165 $153,880.06 $572.02 $0.00 $870.06 $155,322.14
166 $155,322.14 $572.02 $0.00 $878.21 $156,772.37
167 $156,772.37 $572.02 $0.00 $886.41 $158,230.80
168 $158,230.80 $572.02 $0.00 $894.66 $159,697.48
169 $159,697.48 $572.02 $0.00 $902.95 $161,172.45
170 $161,172.45 $572.02 $0.00 $911.29 $162,655.76
171 $162,655.76 $572.02 $0.00 $919.68 $164,147.46
172 $164,147.46 $572.02 $0.00 $928.11 $165,647.59
173 $165,647.59 $572.02 $0.00 $936.60 $167,156.21
174 $167,156.21 $572.02 $0.00 $945.13 $168,673.36
175 $168,673.36 $572.02 $0.00 $953.70 $170,199.08
176 $170,199.08 $572.02 $0.00 $962.33 $171,733.43
177 $171,733.43 $572.02 $0.00 $971.01 $173,276.46
178 $173,276.46 $572.02 $0.00 $979.73 $174,828.21
179 $174,828.21 $572.02 $0.00 $988.50 $176,388.73
180 $176,388.73 $572.02 $0.00 $997.33 $177,958.08
181 $177,958.08 $572.02 $0.00 $1,006.20 $179,536.30
182 $179,536.30 $572.02 $0.00 $1,015.12 $181,123.44
183 $181,123.44 $572.02 $0.00 $1,024.10 $182,719.56
184 $182,719.56 $572.02 $0.00 $1,033.12 $184,324.70
185 $184,324.70 $572.02 $0.00 $1,042.20 $185,938.92
186 $185,938.92 $572.02 $0.00 $1,051.33 $187,562.27
187 $187,562.27 $572.02 $0.00 $1,060.50 $189,194.79
188 $189,194.79 $572.02 $0.00 $1,069.73 $190,836.54
189 $190,836.54 $572.02 $0.00 $1,079.02 $192,487.58
190 $192,487.58 $572.02 $0.00 $1,088.35 $194,147.95
191 $194,147.95 $572.02 $0.00 $1,097.74 $195,817.71
192 $195,817.71 $572.02 $0.00 $1,107.18 $197,496.91
193 $197,496.91 $572.02 $0.00 $1,116.68 $199,185.61
194 $199,185.61 $572.02 $0.00 $1,126.22 $200,883.85
195 $200,883.85 $572.02 $0.00 $1,135.83 $202,591.70
196 $202,591.70 $572.02 $0.00 $1,145.48 $204,309.20
197 $204,309.20 $572.02 $0.00 $1,155.19 $206,036.41
198 $206,036.41 $572.02 $0.00 $1,164.96 $207,773.39
199 $207,773.39 $572.02 $0.00 $1,174.78 $209,520.19
200 $209,520.19 $572.02 $0.00 $1,184.66 $211,276.87
201 $211,276.87 $572.02 $0.00 $1,194.59 $213,043.48
202 $213,043.48 $572.02 $0.00 $1,204.58 $214,820.08
203 $214,820.08 $572.02 $0.00 $1,214.62 $216,606.72
204 $216,606.72 $572.02 $0.00 $1,224.73 $218,403.47
205 $218,403.47 $572.02 $0.00 $1,234.88 $220,210.37
206 $220,210.37 $572.02 $0.00 $1,245.10 $222,027.49
207 $222,027.49 $572.02 $0.00 $1,255.38 $223,854.89
208 $223,854.89 $572.02 $0.00 $1,265.71 $225,692.62
209 $225,692.62 $572.02 $0.00 $1,276.10 $227,540.74
210 $227,540.74 $572.02 $0.00 $1,286.55 $229,399.31
211 $229,399.31 $572.02 $0.00 $1,297.06 $231,268.39
212 $231,268.39 $572.02 $0.00 $1,307.63 $233,148.04
213 $233,148.04 $572.02 $0.00 $1,318.25 $235,038.31
214 $235,038.31 $572.02 $0.00 $1,328.94 $236,939.27
215 $236,939.27 $572.02 $0.00 $1,339.69 $238,850.98
216 $238,850.98 $572.02 $0.00 $1,350.50 $240,773.50
217 $240,773.50 $572.02 $67,062.85 $1,361.37 $175,644.04
218 $175,644.04 $572.02 $0.00 $993.12 $177,209.18
219 $177,209.18 $572.02 $0.00 $1,001.97 $178,783.17
220 $178,783.17 $572.02 $0.00 $1,010.87 $180,366.06
221 $180,366.06 $572.02 $0.00 $1,019.82 $181,957.90
222 $181,957.90 $572.02 $0.00 $1,028.82 $183,558.74
223 $183,558.74 $572.02 $0.00 $1,037.87 $185,168.63
224 $185,168.63 $572.02 $0.00 $1,046.97 $186,787.62
225 $186,787.62 $572.02 $0.00 $1,056.12 $188,415.76
226 $188,415.76 $572.02 $0.00 $1,065.33 $190,053.11
227 $190,053.11 $572.02 $0.00 $1,074.59 $191,699.72
228 $191,699.72 $572.02 $0.00 $1,083.90 $193,355.64
229 $193,355.64 $572.02 $70,415.99 $1,093.26 $124,604.93
230 $124,604.93 $572.02 $0.00 $704.53 $125,881.48
231 $125,881.48 $572.02 $0.00 $711.75 $127,165.25
232 $127,165.25 $572.02 $0.00 $719.01 $128,456.28
233 $128,456.28 $572.02 $0.00 $726.31 $129,754.61
234 $129,754.61 $572.02 $0.00 $733.65 $131,060.28
235 $131,060.28 $572.02 $0.00 $741.03 $132,373.33
236 $132,373.33 $572.02 $0.00 $748.46 $133,693.81
237 $133,693.81 $572.02 $0.00 $755.92 $135,021.75
238 $135,021.75 $572.02 $0.00 $763.43 $136,357.20
239 $136,357.20 $572.02 $0.00 $770.98 $137,700.20
240 $137,700.20 $572.02 $0.00 $778.58 $139,050.80
241 $139,050.80 $572.02 $73,936.79 $786.21 $66,472.24
242 $66,472.24 $572.02 $0.00 $375.84 $67,420.10
243 $67,420.10 $572.02 $0.00 $381.20 $68,373.32
244 $68,373.32 $572.02 $0.00 $386.59 $69,331.93
245 $69,331.93 $572.02 $0.00 $392.01 $70,295.96
246 $70,295.96 $572.02 $0.00 $397.46 $71,265.44
247 $71,265.44 $572.02 $0.00 $402.95 $72,240.41
248 $72,240.41 $572.02 $0.00 $408.46 $73,220.89
249 $73,220.89 $572.02 $0.00 $414.00 $74,206.91
250 $74,206.91 $572.02 $0.00 $419.58 $75,198.51
251 $75,198.51 $572.02 $0.00 $425.18 $76,195.71
252 $76,195.71 $572.02 $0.00 $430.82 $77,198.55
253 $77,198.55 $0.00 $77,633.63 $436.49 $1.41