Quantcast

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$61,379
Monthly savings required$486

How much will it cost to send your child to DeVry University Michigan in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $245,514.51 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $485.87 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$23,669.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford DeVry University Michigan in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $485.87 $0.00 $0.00 $485.87
2 $485.87 $485.87 $0.00 $2.75 $974.49
3 $974.49 $485.87 $0.00 $5.51 $1,465.87
4 $1,465.87 $485.87 $0.00 $8.29 $1,960.03
5 $1,960.03 $485.87 $0.00 $11.08 $2,456.98
6 $2,456.98 $485.87 $0.00 $13.89 $2,956.74
7 $2,956.74 $485.87 $0.00 $16.72 $3,459.33
8 $3,459.33 $485.87 $0.00 $19.56 $3,964.76
9 $3,964.76 $485.87 $0.00 $22.42 $4,473.05
10 $4,473.05 $485.87 $0.00 $25.29 $4,984.21
11 $4,984.21 $485.87 $0.00 $28.18 $5,498.26
12 $5,498.26 $485.87 $0.00 $31.09 $6,015.22
13 $6,015.22 $485.87 $0.00 $34.01 $6,535.10
14 $6,535.10 $485.87 $0.00 $36.95 $7,057.92
15 $7,057.92 $485.87 $0.00 $39.91 $7,583.70
16 $7,583.70 $485.87 $0.00 $42.88 $8,112.45
17 $8,112.45 $485.87 $0.00 $45.87 $8,644.19
18 $8,644.19 $485.87 $0.00 $48.88 $9,178.94
19 $9,178.94 $485.87 $0.00 $51.90 $9,716.71
20 $9,716.71 $485.87 $0.00 $54.94 $10,257.52
21 $10,257.52 $485.87 $0.00 $58.00 $10,801.39
22 $10,801.39 $485.87 $0.00 $61.07 $11,348.33
23 $11,348.33 $485.87 $0.00 $64.17 $11,898.37
24 $11,898.37 $485.87 $0.00 $67.28 $12,451.52
25 $12,451.52 $485.87 $0.00 $70.40 $13,007.79
26 $13,007.79 $485.87 $0.00 $73.55 $13,567.21
27 $13,567.21 $485.87 $0.00 $76.71 $14,129.79
28 $14,129.79 $485.87 $0.00 $79.89 $14,695.55
29 $14,695.55 $485.87 $0.00 $83.09 $15,264.51
30 $15,264.51 $485.87 $0.00 $86.31 $15,836.69
31 $15,836.69 $485.87 $0.00 $89.54 $16,412.10
32 $16,412.10 $485.87 $0.00 $92.80 $16,990.77
33 $16,990.77 $485.87 $0.00 $96.07 $17,572.71
34 $17,572.71 $485.87 $0.00 $99.36 $18,157.94
35 $18,157.94 $485.87 $0.00 $102.67 $18,746.48
36 $18,746.48 $485.87 $0.00 $106.00 $19,338.35
37 $19,338.35 $485.87 $0.00 $109.34 $19,933.56
38 $19,933.56 $485.87 $0.00 $112.71 $20,532.14
39 $20,532.14 $485.87 $0.00 $116.09 $21,134.10
40 $21,134.10 $485.87 $0.00 $119.50 $21,739.47
41 $21,739.47 $485.87 $0.00 $122.92 $22,348.26
42 $22,348.26 $485.87 $0.00 $126.36 $22,960.49
43 $22,960.49 $485.87 $0.00 $129.82 $23,576.18
44 $23,576.18 $485.87 $0.00 $133.30 $24,195.35
45 $24,195.35 $485.87 $0.00 $136.80 $24,818.02
46 $24,818.02 $485.87 $0.00 $140.32 $25,444.21
47 $25,444.21 $485.87 $0.00 $143.87 $26,073.95
48 $26,073.95 $485.87 $0.00 $147.43 $26,707.25
49 $26,707.25 $485.87 $0.00 $151.01 $27,344.13
50 $27,344.13 $485.87 $0.00 $154.61 $27,984.61
51 $27,984.61 $485.87 $0.00 $158.23 $28,628.71
52 $28,628.71 $485.87 $0.00 $161.87 $29,276.45
53 $29,276.45 $485.87 $0.00 $165.53 $29,927.85
54 $29,927.85 $485.87 $0.00 $169.22 $30,582.94
55 $30,582.94 $485.87 $0.00 $172.92 $31,241.73
56 $31,241.73 $485.87 $0.00 $176.65 $31,904.25
57 $31,904.25 $485.87 $0.00 $180.39 $32,570.51
58 $32,570.51 $485.87 $0.00 $184.16 $33,240.54
59 $33,240.54 $485.87 $0.00 $187.95 $33,914.36
60 $33,914.36 $485.87 $0.00 $191.76 $34,591.99
61 $34,591.99 $485.87 $0.00 $195.59 $35,273.45
62 $35,273.45 $485.87 $0.00 $199.44 $35,958.76
63 $35,958.76 $485.87 $0.00 $203.32 $36,647.95
64 $36,647.95 $485.87 $0.00 $207.21 $37,341.03
65 $37,341.03 $485.87 $0.00 $211.13 $38,038.03
66 $38,038.03 $485.87 $0.00 $215.07 $38,738.97
67 $38,738.97 $485.87 $0.00 $219.04 $39,443.88
68 $39,443.88 $485.87 $0.00 $223.02 $40,152.77
69 $40,152.77 $485.87 $0.00 $227.03 $40,865.67
70 $40,865.67 $485.87 $0.00 $231.06 $41,582.60
71 $41,582.60 $485.87 $0.00 $235.11 $42,303.58
72 $42,303.58 $485.87 $0.00 $239.19 $43,028.64
73 $43,028.64 $485.87 $0.00 $243.29 $43,757.80
74 $43,757.80 $485.87 $0.00 $247.41 $44,491.08
75 $44,491.08 $485.87 $0.00 $251.56 $45,228.51
76 $45,228.51 $485.87 $0.00 $255.73 $45,970.11
77 $45,970.11 $485.87 $0.00 $259.92 $46,715.90
78 $46,715.90 $485.87 $0.00 $264.14 $47,465.91
79 $47,465.91 $485.87 $0.00 $268.38 $48,220.16
80 $48,220.16 $485.87 $0.00 $272.64 $48,978.67
81 $48,978.67 $485.87 $0.00 $276.93 $49,741.47
82 $49,741.47 $485.87 $0.00 $281.25 $50,508.59
83 $50,508.59 $485.87 $0.00 $285.58 $51,280.04
84 $51,280.04 $485.87 $0.00 $289.94 $52,055.85
85 $52,055.85 $485.87 $0.00 $294.33 $52,836.05
86 $52,836.05 $485.87 $0.00 $298.74 $53,620.66
87 $53,620.66 $485.87 $0.00 $303.18 $54,409.71
88 $54,409.71 $485.87 $0.00 $307.64 $55,203.22
89 $55,203.22 $485.87 $0.00 $312.13 $56,001.22
90 $56,001.22 $485.87 $0.00 $316.64 $56,803.73
91 $56,803.73 $485.87 $0.00 $321.18 $57,610.78
92 $57,610.78 $485.87 $0.00 $325.74 $58,422.39
93 $58,422.39 $485.87 $0.00 $330.33 $59,238.59
94 $59,238.59 $485.87 $0.00 $334.94 $60,059.40
95 $60,059.40 $485.87 $0.00 $339.58 $60,884.85
96 $60,884.85 $485.87 $0.00 $344.25 $61,714.97
97 $61,714.97 $485.87 $0.00 $348.95 $62,549.79
98 $62,549.79 $485.87 $0.00 $353.67 $63,389.33
99 $63,389.33 $485.87 $0.00 $358.41 $64,233.61
100 $64,233.61 $485.87 $0.00 $363.19 $65,082.67
101 $65,082.67 $485.87 $0.00 $367.99 $65,936.53
102 $65,936.53 $485.87 $0.00 $372.81 $66,795.21
103 $66,795.21 $485.87 $0.00 $377.67 $67,658.75
104 $67,658.75 $485.87 $0.00 $382.55 $68,527.17
105 $68,527.17 $485.87 $0.00 $387.46 $69,400.50
106 $69,400.50 $485.87 $0.00 $392.40 $70,278.77
107 $70,278.77 $485.87 $0.00 $397.37 $71,162.01
108 $71,162.01 $485.87 $0.00 $402.36 $72,050.24
109 $72,050.24 $485.87 $0.00 $407.38 $72,943.49
110 $72,943.49 $485.87 $0.00 $412.43 $73,841.79
111 $73,841.79 $485.87 $0.00 $417.51 $74,745.17
112 $74,745.17 $485.87 $0.00 $422.62 $75,653.66
113 $75,653.66 $485.87 $0.00 $427.76 $76,567.29
114 $76,567.29 $485.87 $0.00 $432.92 $77,486.08
115 $77,486.08 $485.87 $0.00 $438.12 $78,410.07
116 $78,410.07 $485.87 $0.00 $443.34 $79,339.28
117 $79,339.28 $485.87 $0.00 $448.60 $80,273.75
118 $80,273.75 $485.87 $0.00 $453.88 $81,213.50
119 $81,213.50 $485.87 $0.00 $459.19 $82,158.56
120 $82,158.56 $485.87 $0.00 $464.54 $83,108.97
121 $83,108.97 $485.87 $0.00 $469.91 $84,064.75
122 $84,064.75 $485.87 $0.00 $475.31 $85,025.93
123 $85,025.93 $485.87 $0.00 $480.75 $85,992.55
124 $85,992.55 $485.87 $0.00 $486.21 $86,964.63
125 $86,964.63 $485.87 $0.00 $491.71 $87,942.21
126 $87,942.21 $485.87 $0.00 $497.24 $88,925.32
127 $88,925.32 $485.87 $0.00 $502.80 $89,913.99
128 $89,913.99 $485.87 $0.00 $508.39 $90,908.25
129 $90,908.25 $485.87 $0.00 $514.01 $91,908.13
130 $91,908.13 $485.87 $0.00 $519.66 $92,913.66
131 $92,913.66 $485.87 $0.00 $525.35 $93,924.88
132 $93,924.88 $485.87 $0.00 $531.06 $94,941.81
133 $94,941.81 $485.87 $0.00 $536.81 $95,964.49
134 $95,964.49 $485.87 $0.00 $542.60 $96,992.96
135 $96,992.96 $485.87 $0.00 $548.41 $98,027.24
136 $98,027.24 $485.87 $0.00 $554.26 $99,067.37
137 $99,067.37 $485.87 $0.00 $560.14 $100,113.38
138 $100,113.38 $485.87 $0.00 $566.06 $101,165.31
139 $101,165.31 $485.87 $0.00 $572.00 $102,223.18
140 $102,223.18 $485.87 $0.00 $577.98 $103,287.03
141 $103,287.03 $485.87 $0.00 $584.00 $104,356.90
142 $104,356.90 $485.87 $0.00 $590.05 $105,432.82
143 $105,432.82 $485.87 $0.00 $596.13 $106,514.82
144 $106,514.82 $485.87 $0.00 $602.25 $107,602.94
145 $107,602.94 $485.87 $0.00 $608.40 $108,697.21
146 $108,697.21 $485.87 $0.00 $614.59 $109,797.67
147 $109,797.67 $485.87 $0.00 $620.81 $110,904.35
148 $110,904.35 $485.87 $0.00 $627.07 $112,017.29
149 $112,017.29 $485.87 $0.00 $633.36 $113,136.52
150 $113,136.52 $485.87 $0.00 $639.69 $114,262.08
151 $114,262.08 $485.87 $0.00 $646.05 $115,394.00
152 $115,394.00 $485.87 $0.00 $652.45 $116,532.32
153 $116,532.32 $485.87 $0.00 $658.89 $117,677.08
154 $117,677.08 $485.87 $0.00 $665.36 $118,828.31
155 $118,828.31 $485.87 $0.00 $671.87 $119,986.05
156 $119,986.05 $485.87 $0.00 $678.42 $121,150.34
157 $121,150.34 $485.87 $0.00 $685.00 $122,321.21
158 $122,321.21 $485.87 $0.00 $691.62 $123,498.70
159 $123,498.70 $485.87 $0.00 $698.28 $124,682.85
160 $124,682.85 $485.87 $0.00 $704.97 $125,873.69
161 $125,873.69 $485.87 $0.00 $711.71 $127,071.27
162 $127,071.27 $485.87 $0.00 $718.48 $128,275.62
163 $128,275.62 $485.87 $0.00 $725.29 $129,486.78
164 $129,486.78 $485.87 $0.00 $732.14 $130,704.79
165 $130,704.79 $485.87 $0.00 $739.02 $131,929.68
166 $131,929.68 $485.87 $0.00 $745.95 $133,161.50
167 $133,161.50 $485.87 $0.00 $752.91 $134,400.28
168 $134,400.28 $485.87 $0.00 $759.92 $135,646.07
169 $135,646.07 $485.87 $0.00 $766.96 $136,898.90
170 $136,898.90 $485.87 $0.00 $774.05 $138,158.82
171 $138,158.82 $485.87 $0.00 $781.17 $139,425.86
172 $139,425.86 $485.87 $0.00 $788.33 $140,700.06
173 $140,700.06 $485.87 $0.00 $795.54 $141,981.47
174 $141,981.47 $485.87 $0.00 $802.78 $143,270.12
175 $143,270.12 $485.87 $0.00 $810.07 $144,566.06
176 $144,566.06 $485.87 $0.00 $817.40 $145,869.33
177 $145,869.33 $485.87 $0.00 $824.77 $147,179.97
178 $147,179.97 $485.87 $0.00 $832.18 $148,498.02
179 $148,498.02 $485.87 $0.00 $839.63 $149,823.52
180 $149,823.52 $485.87 $0.00 $847.12 $151,156.51
181 $151,156.51 $485.87 $0.00 $854.66 $152,497.04
182 $152,497.04 $485.87 $0.00 $862.24 $153,845.15
183 $153,845.15 $485.87 $0.00 $869.86 $155,200.88
184 $155,200.88 $485.87 $0.00 $877.53 $156,564.28
185 $156,564.28 $485.87 $0.00 $885.24 $157,935.39
186 $157,935.39 $485.87 $0.00 $892.99 $159,314.25
187 $159,314.25 $485.87 $0.00 $900.79 $160,700.91
188 $160,700.91 $485.87 $0.00 $908.63 $162,095.41
189 $162,095.41 $485.87 $0.00 $916.51 $163,497.79
190 $163,497.79 $485.87 $0.00 $924.44 $164,908.10
191 $164,908.10 $485.87 $0.00 $932.41 $166,326.38
192 $166,326.38 $485.87 $0.00 $940.43 $167,752.68
193 $167,752.68 $485.87 $0.00 $948.50 $169,187.05
194 $169,187.05 $485.87 $0.00 $956.61 $170,629.53
195 $170,629.53 $485.87 $0.00 $964.76 $172,080.16
196 $172,080.16 $485.87 $0.00 $972.97 $173,539.00
197 $173,539.00 $485.87 $0.00 $981.21 $175,006.08
198 $175,006.08 $485.87 $0.00 $989.51 $176,481.46
199 $176,481.46 $485.87 $0.00 $997.85 $177,965.18
200 $177,965.18 $485.87 $0.00 $1,006.24 $179,457.29
201 $179,457.29 $485.87 $0.00 $1,014.68 $180,957.84
202 $180,957.84 $485.87 $0.00 $1,023.16 $182,466.87
203 $182,466.87 $485.87 $0.00 $1,031.69 $183,984.43
204 $183,984.43 $485.87 $0.00 $1,040.27 $185,510.57
205 $185,510.57 $485.87 $0.00 $1,048.90 $187,045.34
206 $187,045.34 $485.87 $0.00 $1,057.58 $188,588.79
207 $188,588.79 $485.87 $0.00 $1,066.31 $190,140.97
208 $190,140.97 $485.87 $0.00 $1,075.08 $191,701.92
209 $191,701.92 $485.87 $0.00 $1,083.91 $193,271.70
210 $193,271.70 $485.87 $0.00 $1,092.79 $194,850.36
211 $194,850.36 $485.87 $0.00 $1,101.71 $196,437.94
212 $196,437.94 $485.87 $0.00 $1,110.69 $198,034.50
213 $198,034.50 $485.87 $0.00 $1,119.72 $199,640.09
214 $199,640.09 $485.87 $0.00 $1,128.79 $201,254.75
215 $201,254.75 $485.87 $0.00 $1,137.92 $202,878.54
216 $202,878.54 $485.87 $0.00 $1,147.10 $204,511.51
217 $204,511.51 $485.87 $56,962.27 $1,156.34 $149,191.45
218 $149,191.45 $485.87 $0.00 $843.55 $150,520.87
219 $150,520.87 $485.87 $0.00 $851.07 $151,857.81
220 $151,857.81 $485.87 $0.00 $858.63 $153,202.31
221 $153,202.31 $485.87 $0.00 $866.23 $154,554.41
222 $154,554.41 $485.87 $0.00 $873.87 $155,914.15
223 $155,914.15 $485.87 $0.00 $881.56 $157,281.58
224 $157,281.58 $485.87 $0.00 $889.29 $158,656.74
225 $158,656.74 $485.87 $0.00 $897.07 $160,039.68
226 $160,039.68 $485.87 $0.00 $904.89 $161,430.44
227 $161,430.44 $485.87 $0.00 $912.75 $162,829.06
228 $162,829.06 $485.87 $0.00 $920.66 $164,235.59
229 $164,235.59 $485.87 $59,810.38 $928.61 $105,839.69
230 $105,839.69 $485.87 $0.00 $598.43 $106,923.99
231 $106,923.99 $485.87 $0.00 $604.56 $108,014.42
232 $108,014.42 $485.87 $0.00 $610.73 $109,111.02
233 $109,111.02 $485.87 $0.00 $616.93 $110,213.82
234 $110,213.82 $485.87 $0.00 $623.16 $111,322.85
235 $111,322.85 $485.87 $0.00 $629.44 $112,438.16
236 $112,438.16 $485.87 $0.00 $635.74 $113,559.77
237 $113,559.77 $485.87 $0.00 $642.08 $114,687.72
238 $114,687.72 $485.87 $0.00 $648.46 $115,822.05
239 $115,822.05 $485.87 $0.00 $654.87 $116,962.79
240 $116,962.79 $485.87 $0.00 $661.32 $118,109.98
241 $118,109.98 $485.87 $62,800.90 $667.81 $56,462.76
242 $56,462.76 $485.87 $0.00 $319.25 $57,267.88
243 $57,267.88 $485.87 $0.00 $323.80 $58,077.55
244 $58,077.55 $485.87 $0.00 $328.38 $58,891.80
245 $58,891.80 $485.87 $0.00 $332.98 $59,710.65
246 $59,710.65 $485.87 $0.00 $337.61 $60,534.13
247 $60,534.13 $485.87 $0.00 $342.27 $61,362.27
248 $61,362.27 $485.87 $0.00 $346.95 $62,195.09
249 $62,195.09 $485.87 $0.00 $351.66 $63,032.62
250 $63,032.62 $485.87 $0.00 $356.40 $63,874.89
251 $63,874.89 $485.87 $0.00 $361.16 $64,721.92
252 $64,721.92 $485.87 $0.00 $365.95 $65,573.74
253 $65,573.74 $0.00 $65,940.95 $370.76 $3.55