Savings Plan and Future Cost Estimation for University of Michigan Dearborn

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$105,257
Monthly savings required$832

How much will it cost to send your child to University of Michigan Dearborn in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $421,028.16 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $831.88 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$28,056.00
Years until enrollment18
Annual Tuition Increase7%
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 $831.88 $0.00 $0.00 $831.88
2 $831.88 $831.88 $0.00 $4.70 $1,668.46
3 $1,668.46 $831.88 $0.00 $9.43 $2,509.77
4 $2,509.77 $831.88 $0.00 $14.19 $3,355.84
5 $3,355.84 $831.88 $0.00 $18.97 $4,206.69
6 $4,206.69 $831.88 $0.00 $23.79 $5,062.36
7 $5,062.36 $831.88 $0.00 $28.62 $5,922.86
8 $5,922.86 $831.88 $0.00 $33.49 $6,788.23
9 $6,788.23 $831.88 $0.00 $38.38 $7,658.49
10 $7,658.49 $831.88 $0.00 $43.30 $8,533.67
11 $8,533.67 $831.88 $0.00 $48.25 $9,413.80
12 $9,413.80 $831.88 $0.00 $53.23 $10,298.91
13 $10,298.91 $831.88 $0.00 $58.23 $11,189.02
14 $11,189.02 $831.88 $0.00 $63.26 $12,084.16
15 $12,084.16 $831.88 $0.00 $68.33 $12,984.37
16 $12,984.37 $831.88 $0.00 $73.42 $13,889.67
17 $13,889.67 $831.88 $0.00 $78.53 $14,800.08
18 $14,800.08 $831.88 $0.00 $83.68 $15,715.64
19 $15,715.64 $831.88 $0.00 $88.86 $16,636.38
20 $16,636.38 $831.88 $0.00 $94.06 $17,562.32
21 $17,562.32 $831.88 $0.00 $99.30 $18,493.50
22 $18,493.50 $831.88 $0.00 $104.56 $19,429.94
23 $19,429.94 $831.88 $0.00 $109.86 $20,371.68
24 $20,371.68 $831.88 $0.00 $115.18 $21,318.74
25 $21,318.74 $831.88 $0.00 $120.54 $22,271.16
26 $22,271.16 $831.88 $0.00 $125.92 $23,228.96
27 $23,228.96 $831.88 $0.00 $131.34 $24,192.18
28 $24,192.18 $831.88 $0.00 $136.79 $25,160.85
29 $25,160.85 $831.88 $0.00 $142.26 $26,134.99
30 $26,134.99 $831.88 $0.00 $147.77 $27,114.64
31 $27,114.64 $831.88 $0.00 $153.31 $28,099.83
32 $28,099.83 $831.88 $0.00 $158.88 $29,090.59
33 $29,090.59 $831.88 $0.00 $164.48 $30,086.95
34 $30,086.95 $831.88 $0.00 $170.12 $31,088.95
35 $31,088.95 $831.88 $0.00 $175.78 $32,096.61
36 $32,096.61 $831.88 $0.00 $181.48 $33,109.97
37 $33,109.97 $831.88 $0.00 $187.21 $34,129.06
38 $34,129.06 $831.88 $0.00 $192.97 $35,153.91
39 $35,153.91 $831.88 $0.00 $198.77 $36,184.56
40 $36,184.56 $831.88 $0.00 $204.59 $37,221.03
41 $37,221.03 $831.88 $0.00 $210.45 $38,263.36
42 $38,263.36 $831.88 $0.00 $216.35 $39,311.59
43 $39,311.59 $831.88 $0.00 $222.27 $40,365.74
44 $40,365.74 $831.88 $0.00 $228.23 $41,425.85
45 $41,425.85 $831.88 $0.00 $234.23 $42,491.96
46 $42,491.96 $831.88 $0.00 $240.26 $43,564.10
47 $43,564.10 $831.88 $0.00 $246.32 $44,642.30
48 $44,642.30 $831.88 $0.00 $252.41 $45,726.59
49 $45,726.59 $831.88 $0.00 $258.54 $46,817.01
50 $46,817.01 $831.88 $0.00 $264.71 $47,913.60
51 $47,913.60 $831.88 $0.00 $270.91 $49,016.39
52 $49,016.39 $831.88 $0.00 $277.15 $50,125.42
53 $50,125.42 $831.88 $0.00 $283.42 $51,240.72
54 $51,240.72 $831.88 $0.00 $289.72 $52,362.32
55 $52,362.32 $831.88 $0.00 $296.06 $53,490.26
56 $53,490.26 $831.88 $0.00 $302.44 $54,624.58
57 $54,624.58 $831.88 $0.00 $308.86 $55,765.32
58 $55,765.32 $831.88 $0.00 $315.31 $56,912.51
59 $56,912.51 $831.88 $0.00 $321.79 $58,066.18
60 $58,066.18 $831.88 $0.00 $328.31 $59,226.37
61 $59,226.37 $831.88 $0.00 $334.87 $60,393.12
62 $60,393.12 $831.88 $0.00 $341.47 $61,566.47
63 $61,566.47 $831.88 $0.00 $348.11 $62,746.46
64 $62,746.46 $831.88 $0.00 $354.78 $63,933.12
65 $63,933.12 $831.88 $0.00 $361.49 $65,126.49
66 $65,126.49 $831.88 $0.00 $368.23 $66,326.60
67 $66,326.60 $831.88 $0.00 $375.02 $67,533.50
68 $67,533.50 $831.88 $0.00 $381.84 $68,747.22
69 $68,747.22 $831.88 $0.00 $388.71 $69,967.81
70 $69,967.81 $831.88 $0.00 $395.61 $71,195.30
71 $71,195.30 $831.88 $0.00 $402.55 $72,429.73
72 $72,429.73 $831.88 $0.00 $409.53 $73,671.14
73 $73,671.14 $831.88 $0.00 $416.55 $74,919.57
74 $74,919.57 $831.88 $0.00 $423.61 $76,175.06
75 $76,175.06 $831.88 $0.00 $430.70 $77,437.64
76 $77,437.64 $831.88 $0.00 $437.84 $78,707.36
77 $78,707.36 $831.88 $0.00 $445.02 $79,984.26
78 $79,984.26 $831.88 $0.00 $452.24 $81,268.38
79 $81,268.38 $831.88 $0.00 $459.50 $82,559.76
80 $82,559.76 $831.88 $0.00 $466.80 $83,858.44
81 $83,858.44 $831.88 $0.00 $474.15 $85,164.47
82 $85,164.47 $831.88 $0.00 $481.53 $86,477.88
83 $86,477.88 $831.88 $0.00 $488.96 $87,798.72
84 $87,798.72 $831.88 $0.00 $496.43 $89,127.03
85 $89,127.03 $831.88 $0.00 $503.94 $90,462.85
86 $90,462.85 $831.88 $0.00 $511.49 $91,806.22
87 $91,806.22 $831.88 $0.00 $519.09 $93,157.19
88 $93,157.19 $831.88 $0.00 $526.72 $94,515.79
89 $94,515.79 $831.88 $0.00 $534.41 $95,882.08
90 $95,882.08 $831.88 $0.00 $542.13 $97,256.09
91 $97,256.09 $831.88 $0.00 $549.90 $98,637.87
92 $98,637.87 $831.88 $0.00 $557.71 $100,027.46
93 $100,027.46 $831.88 $0.00 $565.57 $101,424.91
94 $101,424.91 $831.88 $0.00 $573.47 $102,830.26
95 $102,830.26 $831.88 $0.00 $581.42 $104,243.56
96 $104,243.56 $831.88 $0.00 $589.41 $105,664.85
97 $105,664.85 $831.88 $0.00 $597.44 $107,094.17
98 $107,094.17 $831.88 $0.00 $605.53 $108,531.58
99 $108,531.58 $831.88 $0.00 $613.65 $109,977.11
100 $109,977.11 $831.88 $0.00 $621.83 $111,430.82
101 $111,430.82 $831.88 $0.00 $630.05 $112,892.75
102 $112,892.75 $831.88 $0.00 $638.31 $114,362.94
103 $114,362.94 $831.88 $0.00 $646.62 $115,841.44
104 $115,841.44 $831.88 $0.00 $654.98 $117,328.30
105 $117,328.30 $831.88 $0.00 $663.39 $118,823.57
106 $118,823.57 $831.88 $0.00 $671.85 $120,327.30
107 $120,327.30 $831.88 $0.00 $680.35 $121,839.53
108 $121,839.53 $831.88 $0.00 $688.90 $123,360.31
109 $123,360.31 $831.88 $0.00 $697.50 $124,889.69
110 $124,889.69 $831.88 $0.00 $706.14 $126,427.71
111 $126,427.71 $831.88 $0.00 $714.84 $127,974.43
112 $127,974.43 $831.88 $0.00 $723.59 $129,529.90
113 $129,529.90 $831.88 $0.00 $732.38 $131,094.16
114 $131,094.16 $831.88 $0.00 $741.23 $132,667.27
115 $132,667.27 $831.88 $0.00 $750.12 $134,249.27
116 $134,249.27 $831.88 $0.00 $759.06 $135,840.21
117 $135,840.21 $831.88 $0.00 $768.06 $137,440.15
118 $137,440.15 $831.88 $0.00 $777.11 $139,049.14
119 $139,049.14 $831.88 $0.00 $786.20 $140,667.22
120 $140,667.22 $831.88 $0.00 $795.35 $142,294.45
121 $142,294.45 $831.88 $0.00 $804.55 $143,930.88
122 $143,930.88 $831.88 $0.00 $813.81 $145,576.57
123 $145,576.57 $831.88 $0.00 $823.11 $147,231.56
124 $147,231.56 $831.88 $0.00 $832.47 $148,895.91
125 $148,895.91 $831.88 $0.00 $841.88 $150,569.67
126 $150,569.67 $831.88 $0.00 $851.34 $152,252.89
127 $152,252.89 $831.88 $0.00 $860.86 $153,945.63
128 $153,945.63 $831.88 $0.00 $870.43 $155,647.94
129 $155,647.94 $831.88 $0.00 $880.06 $157,359.88
130 $157,359.88 $831.88 $0.00 $889.74 $159,081.50
131 $159,081.50 $831.88 $0.00 $899.47 $160,812.85
132 $160,812.85 $831.88 $0.00 $909.26 $162,553.99
133 $162,553.99 $831.88 $0.00 $919.10 $164,304.97
134 $164,304.97 $831.88 $0.00 $929.00 $166,065.85
135 $166,065.85 $831.88 $0.00 $938.96 $167,836.69
136 $167,836.69 $831.88 $0.00 $948.97 $169,617.54
137 $169,617.54 $831.88 $0.00 $959.04 $171,408.46
138 $171,408.46 $831.88 $0.00 $969.17 $173,209.51
139 $173,209.51 $831.88 $0.00 $979.35 $175,020.74
140 $175,020.74 $831.88 $0.00 $989.59 $176,842.21
141 $176,842.21 $831.88 $0.00 $999.89 $178,673.98
142 $178,673.98 $831.88 $0.00 $1,010.25 $180,516.11
143 $180,516.11 $831.88 $0.00 $1,020.66 $182,368.65
144 $182,368.65 $831.88 $0.00 $1,031.14 $184,231.67
145 $184,231.67 $831.88 $0.00 $1,041.67 $186,105.22
146 $186,105.22 $831.88 $0.00 $1,052.27 $187,989.37
147 $187,989.37 $831.88 $0.00 $1,062.92 $189,884.17
148 $189,884.17 $831.88 $0.00 $1,073.63 $191,789.68
149 $191,789.68 $831.88 $0.00 $1,084.41 $193,705.97
150 $193,705.97 $831.88 $0.00 $1,095.24 $195,633.09
151 $195,633.09 $831.88 $0.00 $1,106.14 $197,571.11
152 $197,571.11 $831.88 $0.00 $1,117.10 $199,520.09
153 $199,520.09 $831.88 $0.00 $1,128.12 $201,480.09
154 $201,480.09 $831.88 $0.00 $1,139.20 $203,451.17
155 $203,451.17 $831.88 $0.00 $1,150.34 $205,433.39
156 $205,433.39 $831.88 $0.00 $1,161.55 $207,426.82
157 $207,426.82 $831.88 $0.00 $1,172.82 $209,431.52
158 $209,431.52 $831.88 $0.00 $1,184.16 $211,447.56
159 $211,447.56 $831.88 $0.00 $1,195.56 $213,475.00
160 $213,475.00 $831.88 $0.00 $1,207.02 $215,513.90
161 $215,513.90 $831.88 $0.00 $1,218.55 $217,564.33
162 $217,564.33 $831.88 $0.00 $1,230.14 $219,626.35
163 $219,626.35 $831.88 $0.00 $1,241.80 $221,700.03
164 $221,700.03 $831.88 $0.00 $1,253.52 $223,785.43
165 $223,785.43 $831.88 $0.00 $1,265.32 $225,882.63
166 $225,882.63 $831.88 $0.00 $1,277.17 $227,991.68
167 $227,991.68 $831.88 $0.00 $1,289.10 $230,112.66
168 $230,112.66 $831.88 $0.00 $1,301.09 $232,245.63
169 $232,245.63 $831.88 $0.00 $1,313.15 $234,390.66
170 $234,390.66 $831.88 $0.00 $1,325.28 $236,547.82
171 $236,547.82 $831.88 $0.00 $1,337.48 $238,717.18
172 $238,717.18 $831.88 $0.00 $1,349.74 $240,898.80
173 $240,898.80 $831.88 $0.00 $1,362.08 $243,092.76
174 $243,092.76 $831.88 $0.00 $1,374.48 $245,299.12
175 $245,299.12 $831.88 $0.00 $1,386.96 $247,517.96
176 $247,517.96 $831.88 $0.00 $1,399.50 $249,749.34
177 $249,749.34 $831.88 $0.00 $1,412.12 $251,993.34
178 $251,993.34 $831.88 $0.00 $1,424.81 $254,250.03
179 $254,250.03 $831.88 $0.00 $1,437.57 $256,519.48
180 $256,519.48 $831.88 $0.00 $1,450.40 $258,801.76
181 $258,801.76 $831.88 $0.00 $1,463.30 $261,096.94
182 $261,096.94 $831.88 $0.00 $1,476.28 $263,405.10
183 $263,405.10 $831.88 $0.00 $1,489.33 $265,726.31
184 $265,726.31 $831.88 $0.00 $1,502.46 $268,060.65
185 $268,060.65 $831.88 $0.00 $1,515.65 $270,408.18
186 $270,408.18 $831.88 $0.00 $1,528.93 $272,768.99
187 $272,768.99 $831.88 $0.00 $1,542.28 $275,143.15
188 $275,143.15 $831.88 $0.00 $1,555.70 $277,530.73
189 $277,530.73 $831.88 $0.00 $1,569.20 $279,931.81
190 $279,931.81 $831.88 $0.00 $1,582.78 $282,346.47
191 $282,346.47 $831.88 $0.00 $1,596.43 $284,774.78
192 $284,774.78 $831.88 $0.00 $1,610.16 $287,216.82
193 $287,216.82 $831.88 $0.00 $1,623.97 $289,672.67
194 $289,672.67 $831.88 $0.00 $1,637.85 $292,142.40
195 $292,142.40 $831.88 $0.00 $1,651.82 $294,626.10
196 $294,626.10 $831.88 $0.00 $1,665.86 $297,123.84
197 $297,123.84 $831.88 $0.00 $1,679.98 $299,635.70
198 $299,635.70 $831.88 $0.00 $1,694.18 $302,161.76
199 $302,161.76 $831.88 $0.00 $1,708.47 $304,702.11
200 $304,702.11 $831.88 $0.00 $1,722.83 $307,256.82
201 $307,256.82 $831.88 $0.00 $1,737.27 $309,825.97
202 $309,825.97 $831.88 $0.00 $1,751.80 $312,409.65
203 $312,409.65 $831.88 $0.00 $1,766.41 $315,007.94
204 $315,007.94 $831.88 $0.00 $1,781.10 $317,620.92
205 $317,620.92 $831.88 $0.00 $1,795.87 $320,248.67
206 $320,248.67 $831.88 $0.00 $1,810.73 $322,891.28
207 $322,891.28 $831.88 $0.00 $1,825.67 $325,548.83
208 $325,548.83 $831.88 $0.00 $1,840.70 $328,221.41
209 $328,221.41 $831.88 $0.00 $1,855.81 $330,909.10
210 $330,909.10 $831.88 $0.00 $1,871.01 $333,611.99
211 $333,611.99 $831.88 $0.00 $1,886.29 $336,330.16
212 $336,330.16 $831.88 $0.00 $1,901.66 $339,063.70
213 $339,063.70 $831.88 $0.00 $1,917.12 $341,812.70
214 $341,812.70 $831.88 $0.00 $1,932.66 $344,577.24
215 $344,577.24 $831.88 $0.00 $1,948.29 $347,357.41
216 $347,357.41 $831.88 $0.00 $1,964.01 $350,153.30
217 $350,153.30 $831.88 $94,827.38 $1,979.82 $258,137.62
218 $258,137.62 $831.88 $0.00 $1,459.55 $260,429.05
219 $260,429.05 $831.88 $0.00 $1,472.50 $262,733.43
220 $262,733.43 $831.88 $0.00 $1,485.53 $265,050.84
221 $265,050.84 $831.88 $0.00 $1,498.64 $267,381.36
222 $267,381.36 $831.88 $0.00 $1,511.81 $269,725.05
223 $269,725.05 $831.88 $0.00 $1,525.06 $272,081.99
224 $272,081.99 $831.88 $0.00 $1,538.39 $274,452.26
225 $274,452.26 $831.88 $0.00 $1,551.79 $276,835.93
226 $276,835.93 $831.88 $0.00 $1,565.27 $279,233.08
227 $279,233.08 $831.88 $0.00 $1,578.82 $281,643.78
228 $281,643.78 $831.88 $0.00 $1,592.45 $284,068.11
229 $284,068.11 $831.88 $101,465.30 $1,606.16 $185,040.85
230 $185,040.85 $831.88 $0.00 $1,046.25 $186,918.98
231 $186,918.98 $831.88 $0.00 $1,056.87 $188,807.73
232 $188,807.73 $831.88 $0.00 $1,067.55 $190,707.16
233 $190,707.16 $831.88 $0.00 $1,078.29 $192,617.33
234 $192,617.33 $831.88 $0.00 $1,089.09 $194,538.30
235 $194,538.30 $831.88 $0.00 $1,099.95 $196,470.13
236 $196,470.13 $831.88 $0.00 $1,110.87 $198,412.88
237 $198,412.88 $831.88 $0.00 $1,121.86 $200,366.62
238 $200,366.62 $831.88 $0.00 $1,132.90 $202,331.40
239 $202,331.40 $831.88 $0.00 $1,144.01 $204,307.29
240 $204,307.29 $831.88 $0.00 $1,155.18 $206,294.35
241 $206,294.35 $831.88 $108,567.87 $1,166.42 $99,724.78
242 $99,724.78 $831.88 $0.00 $563.86 $101,120.52
243 $101,120.52 $831.88 $0.00 $571.75 $102,524.15
244 $102,524.15 $831.88 $0.00 $579.69 $103,935.72
245 $103,935.72 $831.88 $0.00 $587.67 $105,355.27
246 $105,355.27 $831.88 $0.00 $595.69 $106,782.84
247 $106,782.84 $831.88 $0.00 $603.77 $108,218.49
248 $108,218.49 $831.88 $0.00 $611.88 $109,662.25
249 $109,662.25 $831.88 $0.00 $620.05 $111,114.18
250 $111,114.18 $831.88 $0.00 $628.26 $112,574.32
251 $112,574.32 $831.88 $0.00 $636.51 $114,042.71
252 $114,042.71 $831.88 $0.00 $644.81 $115,519.40
253 $115,519.40 $0.00 $116,167.62 $653.16 $4.94