Savings Plan and Future Cost Estimation for University of Michigan Flint

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$63,041
Monthly savings required$499

How much will it cost to send your child to University of Michigan Flint in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $252,163.49 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $499.02 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$24,310.00
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 $499.02 $0.00 $0.00 $499.02
2 $499.02 $499.02 $0.00 $2.82 $1,000.86
3 $1,000.86 $499.02 $0.00 $5.66 $1,505.54
4 $1,505.54 $499.02 $0.00 $8.51 $2,013.07
5 $2,013.07 $499.02 $0.00 $11.38 $2,523.47
6 $2,523.47 $499.02 $0.00 $14.27 $3,036.76
7 $3,036.76 $499.02 $0.00 $17.17 $3,552.95
8 $3,552.95 $499.02 $0.00 $20.09 $4,072.06
9 $4,072.06 $499.02 $0.00 $23.02 $4,594.10
10 $4,594.10 $499.02 $0.00 $25.98 $5,119.10
11 $5,119.10 $499.02 $0.00 $28.94 $5,647.06
12 $5,647.06 $499.02 $0.00 $31.93 $6,178.01
13 $6,178.01 $499.02 $0.00 $34.93 $6,711.96
14 $6,711.96 $499.02 $0.00 $37.95 $7,248.93
15 $7,248.93 $499.02 $0.00 $40.99 $7,788.94
16 $7,788.94 $499.02 $0.00 $44.04 $8,332.00
17 $8,332.00 $499.02 $0.00 $47.11 $8,878.13
18 $8,878.13 $499.02 $0.00 $50.20 $9,427.35
19 $9,427.35 $499.02 $0.00 $53.30 $9,979.67
20 $9,979.67 $499.02 $0.00 $56.43 $10,535.12
21 $10,535.12 $499.02 $0.00 $59.57 $11,093.71
22 $11,093.71 $499.02 $0.00 $62.73 $11,655.46
23 $11,655.46 $499.02 $0.00 $65.90 $12,220.38
24 $12,220.38 $499.02 $0.00 $69.10 $12,788.50
25 $12,788.50 $499.02 $0.00 $72.31 $13,359.83
26 $13,359.83 $499.02 $0.00 $75.54 $13,934.39
27 $13,934.39 $499.02 $0.00 $78.79 $14,512.20
28 $14,512.20 $499.02 $0.00 $82.05 $15,093.27
29 $15,093.27 $499.02 $0.00 $85.34 $15,677.63
30 $15,677.63 $499.02 $0.00 $88.64 $16,265.29
31 $16,265.29 $499.02 $0.00 $91.97 $16,856.28
32 $16,856.28 $499.02 $0.00 $95.31 $17,450.61
33 $17,450.61 $499.02 $0.00 $98.67 $18,048.30
34 $18,048.30 $499.02 $0.00 $102.05 $18,649.37
35 $18,649.37 $499.02 $0.00 $105.45 $19,253.84
36 $19,253.84 $499.02 $0.00 $108.86 $19,861.72
37 $19,861.72 $499.02 $0.00 $112.30 $20,473.04
38 $20,473.04 $499.02 $0.00 $115.76 $21,087.82
39 $21,087.82 $499.02 $0.00 $119.23 $21,706.07
40 $21,706.07 $499.02 $0.00 $122.73 $22,327.82
41 $22,327.82 $499.02 $0.00 $126.24 $22,953.08
42 $22,953.08 $499.02 $0.00 $129.78 $23,581.88
43 $23,581.88 $499.02 $0.00 $133.34 $24,214.24
44 $24,214.24 $499.02 $0.00 $136.91 $24,850.17
45 $24,850.17 $499.02 $0.00 $140.51 $25,489.70
46 $25,489.70 $499.02 $0.00 $144.12 $26,132.84
47 $26,132.84 $499.02 $0.00 $147.76 $26,779.62
48 $26,779.62 $499.02 $0.00 $151.42 $27,430.06
49 $27,430.06 $499.02 $0.00 $155.09 $28,084.17
50 $28,084.17 $499.02 $0.00 $158.79 $28,741.98
51 $28,741.98 $499.02 $0.00 $162.51 $29,403.51
52 $29,403.51 $499.02 $0.00 $166.25 $30,068.78
53 $30,068.78 $499.02 $0.00 $170.01 $30,737.81
54 $30,737.81 $499.02 $0.00 $173.80 $31,410.63
55 $31,410.63 $499.02 $0.00 $177.60 $32,087.25
56 $32,087.25 $499.02 $0.00 $181.43 $32,767.70
57 $32,767.70 $499.02 $0.00 $185.27 $33,451.99
58 $33,451.99 $499.02 $0.00 $189.14 $34,140.15
59 $34,140.15 $499.02 $0.00 $193.03 $34,832.20
60 $34,832.20 $499.02 $0.00 $196.95 $35,528.17
61 $35,528.17 $499.02 $0.00 $200.88 $36,228.07
62 $36,228.07 $499.02 $0.00 $204.84 $36,931.93
63 $36,931.93 $499.02 $0.00 $208.82 $37,639.77
64 $37,639.77 $499.02 $0.00 $212.82 $38,351.61
65 $38,351.61 $499.02 $0.00 $216.85 $39,067.48
66 $39,067.48 $499.02 $0.00 $220.89 $39,787.39
67 $39,787.39 $499.02 $0.00 $224.96 $40,511.37
68 $40,511.37 $499.02 $0.00 $229.06 $41,239.45
69 $41,239.45 $499.02 $0.00 $233.17 $41,971.64
70 $41,971.64 $499.02 $0.00 $237.31 $42,707.97
71 $42,707.97 $499.02 $0.00 $241.48 $43,448.47
72 $43,448.47 $499.02 $0.00 $245.66 $44,193.15
73 $44,193.15 $499.02 $0.00 $249.87 $44,942.04
74 $44,942.04 $499.02 $0.00 $254.11 $45,695.17
75 $45,695.17 $499.02 $0.00 $258.37 $46,452.56
76 $46,452.56 $499.02 $0.00 $262.65 $47,214.23
77 $47,214.23 $499.02 $0.00 $266.96 $47,980.21
78 $47,980.21 $499.02 $0.00 $271.29 $48,750.52
79 $48,750.52 $499.02 $0.00 $275.64 $49,525.18
80 $49,525.18 $499.02 $0.00 $280.02 $50,304.22
81 $50,304.22 $499.02 $0.00 $284.43 $51,087.67
82 $51,087.67 $499.02 $0.00 $288.86 $51,875.55
83 $51,875.55 $499.02 $0.00 $293.31 $52,667.88
84 $52,667.88 $499.02 $0.00 $297.79 $53,464.69
85 $53,464.69 $499.02 $0.00 $302.30 $54,266.01
86 $54,266.01 $499.02 $0.00 $306.83 $55,071.86
87 $55,071.86 $499.02 $0.00 $311.38 $55,882.26
88 $55,882.26 $499.02 $0.00 $315.97 $56,697.25
89 $56,697.25 $499.02 $0.00 $320.57 $57,516.84
90 $57,516.84 $499.02 $0.00 $325.21 $58,341.07
91 $58,341.07 $499.02 $0.00 $329.87 $59,169.96
92 $59,169.96 $499.02 $0.00 $334.56 $60,003.54
93 $60,003.54 $499.02 $0.00 $339.27 $60,841.83
94 $60,841.83 $499.02 $0.00 $344.01 $61,684.86
95 $61,684.86 $499.02 $0.00 $348.78 $62,532.66
96 $62,532.66 $499.02 $0.00 $353.57 $63,385.25
97 $63,385.25 $499.02 $0.00 $358.39 $64,242.66
98 $64,242.66 $499.02 $0.00 $363.24 $65,104.92
99 $65,104.92 $499.02 $0.00 $368.11 $65,972.05
100 $65,972.05 $499.02 $0.00 $373.02 $66,844.09
101 $66,844.09 $499.02 $0.00 $377.95 $67,721.06
102 $67,721.06 $499.02 $0.00 $382.90 $68,602.98
103 $68,602.98 $499.02 $0.00 $387.89 $69,489.89
104 $69,489.89 $499.02 $0.00 $392.91 $70,381.82
105 $70,381.82 $499.02 $0.00 $397.95 $71,278.79
106 $71,278.79 $499.02 $0.00 $403.02 $72,180.83
107 $72,180.83 $499.02 $0.00 $408.12 $73,087.97
108 $73,087.97 $499.02 $0.00 $413.25 $74,000.24
109 $74,000.24 $499.02 $0.00 $418.41 $74,917.67
110 $74,917.67 $499.02 $0.00 $423.60 $75,840.29
111 $75,840.29 $499.02 $0.00 $428.81 $76,768.12
112 $76,768.12 $499.02 $0.00 $434.06 $77,701.20
113 $77,701.20 $499.02 $0.00 $439.33 $78,639.55
114 $78,639.55 $499.02 $0.00 $444.64 $79,583.21
115 $79,583.21 $499.02 $0.00 $449.98 $80,532.21
116 $80,532.21 $499.02 $0.00 $455.34 $81,486.57
117 $81,486.57 $499.02 $0.00 $460.74 $82,446.33
118 $82,446.33 $499.02 $0.00 $466.16 $83,411.51
119 $83,411.51 $499.02 $0.00 $471.62 $84,382.15
120 $84,382.15 $499.02 $0.00 $477.11 $85,358.28
121 $85,358.28 $499.02 $0.00 $482.63 $86,339.93
122 $86,339.93 $499.02 $0.00 $488.18 $87,327.13
123 $87,327.13 $499.02 $0.00 $493.76 $88,319.91
124 $88,319.91 $499.02 $0.00 $499.37 $89,318.30
125 $89,318.30 $499.02 $0.00 $505.02 $90,322.34
126 $90,322.34 $499.02 $0.00 $510.70 $91,332.06
127 $91,332.06 $499.02 $0.00 $516.40 $92,347.48
128 $92,347.48 $499.02 $0.00 $522.15 $93,368.65
129 $93,368.65 $499.02 $0.00 $527.92 $94,395.59
130 $94,395.59 $499.02 $0.00 $533.73 $95,428.34
131 $95,428.34 $499.02 $0.00 $539.57 $96,466.93
132 $96,466.93 $499.02 $0.00 $545.44 $97,511.39
133 $97,511.39 $499.02 $0.00 $551.34 $98,561.75
134 $98,561.75 $499.02 $0.00 $557.28 $99,618.05
135 $99,618.05 $499.02 $0.00 $563.25 $100,680.32
136 $100,680.32 $499.02 $0.00 $569.26 $101,748.60
137 $101,748.60 $499.02 $0.00 $575.30 $102,822.92
138 $102,822.92 $499.02 $0.00 $581.38 $103,903.32
139 $103,903.32 $499.02 $0.00 $587.48 $104,989.82
140 $104,989.82 $499.02 $0.00 $593.63 $106,082.47
141 $106,082.47 $499.02 $0.00 $599.81 $107,181.30
142 $107,181.30 $499.02 $0.00 $606.02 $108,286.34
143 $108,286.34 $499.02 $0.00 $612.27 $109,397.63
144 $109,397.63 $499.02 $0.00 $618.55 $110,515.20
145 $110,515.20 $499.02 $0.00 $624.87 $111,639.09
146 $111,639.09 $499.02 $0.00 $631.22 $112,769.33
147 $112,769.33 $499.02 $0.00 $637.61 $113,905.96
148 $113,905.96 $499.02 $0.00 $644.04 $115,049.02
149 $115,049.02 $499.02 $0.00 $650.50 $116,198.54
150 $116,198.54 $499.02 $0.00 $657.00 $117,354.56
151 $117,354.56 $499.02 $0.00 $663.54 $118,517.12
152 $118,517.12 $499.02 $0.00 $670.11 $119,686.25
153 $119,686.25 $499.02 $0.00 $676.72 $120,861.99
154 $120,861.99 $499.02 $0.00 $683.37 $122,044.38
155 $122,044.38 $499.02 $0.00 $690.06 $123,233.46
156 $123,233.46 $499.02 $0.00 $696.78 $124,429.26
157 $124,429.26 $499.02 $0.00 $703.54 $125,631.82
158 $125,631.82 $499.02 $0.00 $710.34 $126,841.18
159 $126,841.18 $499.02 $0.00 $717.18 $128,057.38
160 $128,057.38 $499.02 $0.00 $724.06 $129,280.46
161 $129,280.46 $499.02 $0.00 $730.97 $130,510.45
162 $130,510.45 $499.02 $0.00 $737.93 $131,747.40
163 $131,747.40 $499.02 $0.00 $744.92 $132,991.34
164 $132,991.34 $499.02 $0.00 $751.95 $134,242.31
165 $134,242.31 $499.02 $0.00 $759.03 $135,500.36
166 $135,500.36 $499.02 $0.00 $766.14 $136,765.52
167 $136,765.52 $499.02 $0.00 $773.29 $138,037.83
168 $138,037.83 $499.02 $0.00 $780.49 $139,317.34
169 $139,317.34 $499.02 $0.00 $787.72 $140,604.08
170 $140,604.08 $499.02 $0.00 $795.00 $141,898.10
171 $141,898.10 $499.02 $0.00 $802.31 $143,199.43
172 $143,199.43 $499.02 $0.00 $809.67 $144,508.12
173 $144,508.12 $499.02 $0.00 $817.07 $145,824.21
174 $145,824.21 $499.02 $0.00 $824.51 $147,147.74
175 $147,147.74 $499.02 $0.00 $831.99 $148,478.75
176 $148,478.75 $499.02 $0.00 $839.52 $149,817.29
177 $149,817.29 $499.02 $0.00 $847.09 $151,163.40
178 $151,163.40 $499.02 $0.00 $854.70 $152,517.12
179 $152,517.12 $499.02 $0.00 $862.35 $153,878.49
180 $153,878.49 $499.02 $0.00 $870.05 $155,247.56
181 $155,247.56 $499.02 $0.00 $877.79 $156,624.37
182 $156,624.37 $499.02 $0.00 $885.58 $158,008.97
183 $158,008.97 $499.02 $0.00 $893.41 $159,401.40
184 $159,401.40 $499.02 $0.00 $901.28 $160,801.70
185 $160,801.70 $499.02 $0.00 $909.20 $162,209.92
186 $162,209.92 $499.02 $0.00 $917.16 $163,626.10
187 $163,626.10 $499.02 $0.00 $925.17 $165,050.29
188 $165,050.29 $499.02 $0.00 $933.22 $166,482.53
189 $166,482.53 $499.02 $0.00 $941.32 $167,922.87
190 $167,922.87 $499.02 $0.00 $949.46 $169,371.35
191 $169,371.35 $499.02 $0.00 $957.65 $170,828.02
192 $170,828.02 $499.02 $0.00 $965.89 $172,292.93
193 $172,292.93 $499.02 $0.00 $974.17 $173,766.12
194 $173,766.12 $499.02 $0.00 $982.50 $175,247.64
195 $175,247.64 $499.02 $0.00 $990.88 $176,737.54
196 $176,737.54 $499.02 $0.00 $999.30 $178,235.86
197 $178,235.86 $499.02 $0.00 $1,007.77 $179,742.65
198 $179,742.65 $499.02 $0.00 $1,016.29 $181,257.96
199 $181,257.96 $499.02 $0.00 $1,024.86 $182,781.84
200 $182,781.84 $499.02 $0.00 $1,033.48 $184,314.34
201 $184,314.34 $499.02 $0.00 $1,042.14 $185,855.50
202 $185,855.50 $499.02 $0.00 $1,050.85 $187,405.37
203 $187,405.37 $499.02 $0.00 $1,059.62 $188,964.01
204 $188,964.01 $499.02 $0.00 $1,068.43 $190,531.46
205 $190,531.46 $499.02 $0.00 $1,077.29 $192,107.77
206 $192,107.77 $499.02 $0.00 $1,086.21 $193,693.00
207 $193,693.00 $499.02 $0.00 $1,095.17 $195,287.19
208 $195,287.19 $499.02 $0.00 $1,104.18 $196,890.39
209 $196,890.39 $499.02 $0.00 $1,113.25 $198,502.66
210 $198,502.66 $499.02 $0.00 $1,122.36 $200,124.04
211 $200,124.04 $499.02 $0.00 $1,131.53 $201,754.59
212 $201,754.59 $499.02 $0.00 $1,140.75 $203,394.36
213 $203,394.36 $499.02 $0.00 $1,150.02 $205,043.40
214 $205,043.40 $499.02 $0.00 $1,159.35 $206,701.77
215 $206,701.77 $499.02 $0.00 $1,168.72 $208,369.51
216 $208,369.51 $499.02 $0.00 $1,178.15 $210,046.68
217 $210,046.68 $499.02 $58,504.91 $1,187.63 $153,228.42
218 $153,228.42 $499.02 $0.00 $866.38 $154,593.82
219 $154,593.82 $499.02 $0.00 $874.10 $155,966.94
220 $155,966.94 $499.02 $0.00 $881.86 $157,347.82
221 $157,347.82 $499.02 $0.00 $889.67 $158,736.51
222 $158,736.51 $499.02 $0.00 $897.52 $160,133.05
223 $160,133.05 $499.02 $0.00 $905.42 $161,537.49
224 $161,537.49 $499.02 $0.00 $913.36 $162,949.87
225 $162,949.87 $499.02 $0.00 $921.34 $164,370.23
226 $164,370.23 $499.02 $0.00 $929.37 $165,798.62
227 $165,798.62 $499.02 $0.00 $937.45 $167,235.09
228 $167,235.09 $499.02 $0.00 $945.57 $168,679.68
229 $168,679.68 $499.02 $61,430.16 $953.74 $108,702.28
230 $108,702.28 $499.02 $0.00 $614.62 $109,815.92
231 $109,815.92 $499.02 $0.00 $620.92 $110,935.86
232 $110,935.86 $499.02 $0.00 $627.25 $112,062.13
233 $112,062.13 $499.02 $0.00 $633.62 $113,194.77
234 $113,194.77 $499.02 $0.00 $640.02 $114,333.81
235 $114,333.81 $499.02 $0.00 $646.46 $115,479.29
236 $115,479.29 $499.02 $0.00 $652.94 $116,631.25
237 $116,631.25 $499.02 $0.00 $659.45 $117,789.72
238 $117,789.72 $499.02 $0.00 $666.00 $118,954.74
239 $118,954.74 $499.02 $0.00 $672.59 $120,126.35
240 $120,126.35 $499.02 $0.00 $679.21 $121,304.58
241 $121,304.58 $499.02 $64,501.67 $685.87 $57,987.80
242 $57,987.80 $499.02 $0.00 $327.87 $58,814.69
243 $58,814.69 $499.02 $0.00 $332.55 $59,646.26
244 $59,646.26 $499.02 $0.00 $337.25 $60,482.53
245 $60,482.53 $499.02 $0.00 $341.98 $61,323.53
246 $61,323.53 $499.02 $0.00 $346.73 $62,169.28
247 $62,169.28 $499.02 $0.00 $351.51 $63,019.81
248 $63,019.81 $499.02 $0.00 $356.32 $63,875.15
249 $63,875.15 $499.02 $0.00 $361.16 $64,735.33
250 $64,735.33 $499.02 $0.00 $366.02 $65,600.37
251 $65,600.37 $499.02 $0.00 $370.91 $66,470.30
252 $66,470.30 $499.02 $0.00 $375.83 $67,345.15
253 $67,345.15 $0.00 $67,726.75 $380.78 ($0.82)