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 2041$71,142
Monthly savings required$563

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 $284,568.21 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $563.14 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$27,434.00
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 $563.14 $0.00 $0.00 $563.14
2 $563.14 $563.14 $0.00 $3.18 $1,129.46
3 $1,129.46 $563.14 $0.00 $6.39 $1,698.99
4 $1,698.99 $563.14 $0.00 $9.61 $2,271.74
5 $2,271.74 $563.14 $0.00 $12.84 $2,847.72
6 $2,847.72 $563.14 $0.00 $16.10 $3,426.96
7 $3,426.96 $563.14 $0.00 $19.38 $4,009.48
8 $4,009.48 $563.14 $0.00 $22.67 $4,595.29
9 $4,595.29 $563.14 $0.00 $25.98 $5,184.41
10 $5,184.41 $563.14 $0.00 $29.31 $5,776.86
11 $5,776.86 $563.14 $0.00 $32.66 $6,372.66
12 $6,372.66 $563.14 $0.00 $36.03 $6,971.83
13 $6,971.83 $563.14 $0.00 $39.42 $7,574.39
14 $7,574.39 $563.14 $0.00 $42.83 $8,180.36
15 $8,180.36 $563.14 $0.00 $46.25 $8,789.75
16 $8,789.75 $563.14 $0.00 $49.70 $9,402.59
17 $9,402.59 $563.14 $0.00 $53.16 $10,018.89
18 $10,018.89 $563.14 $0.00 $56.65 $10,638.68
19 $10,638.68 $563.14 $0.00 $60.15 $11,261.97
20 $11,261.97 $563.14 $0.00 $63.68 $11,888.79
21 $11,888.79 $563.14 $0.00 $67.22 $12,519.15
22 $12,519.15 $563.14 $0.00 $70.79 $13,153.08
23 $13,153.08 $563.14 $0.00 $74.37 $13,790.59
24 $13,790.59 $563.14 $0.00 $77.97 $14,431.70
25 $14,431.70 $563.14 $0.00 $81.60 $15,076.44
26 $15,076.44 $563.14 $0.00 $85.24 $15,724.82
27 $15,724.82 $563.14 $0.00 $88.91 $16,376.87
28 $16,376.87 $563.14 $0.00 $92.60 $17,032.61
29 $17,032.61 $563.14 $0.00 $96.30 $17,692.05
30 $17,692.05 $563.14 $0.00 $100.03 $18,355.22
31 $18,355.22 $563.14 $0.00 $103.78 $19,022.14
32 $19,022.14 $563.14 $0.00 $107.55 $19,692.83
33 $19,692.83 $563.14 $0.00 $111.35 $20,367.32
34 $20,367.32 $563.14 $0.00 $115.16 $21,045.62
35 $21,045.62 $563.14 $0.00 $118.99 $21,727.75
36 $21,727.75 $563.14 $0.00 $122.85 $22,413.74
37 $22,413.74 $563.14 $0.00 $126.73 $23,103.61
38 $23,103.61 $563.14 $0.00 $130.63 $23,797.38
39 $23,797.38 $563.14 $0.00 $134.55 $24,495.07
40 $24,495.07 $563.14 $0.00 $138.50 $25,196.71
41 $25,196.71 $563.14 $0.00 $142.47 $25,902.32
42 $25,902.32 $563.14 $0.00 $146.46 $26,611.92
43 $26,611.92 $563.14 $0.00 $150.47 $27,325.53
44 $27,325.53 $563.14 $0.00 $154.50 $28,043.17
45 $28,043.17 $563.14 $0.00 $158.56 $28,764.87
46 $28,764.87 $563.14 $0.00 $162.64 $29,490.65
47 $29,490.65 $563.14 $0.00 $166.74 $30,220.53
48 $30,220.53 $563.14 $0.00 $170.87 $30,954.54
49 $30,954.54 $563.14 $0.00 $175.02 $31,692.70
50 $31,692.70 $563.14 $0.00 $179.20 $32,435.04
51 $32,435.04 $563.14 $0.00 $183.39 $33,181.57
52 $33,181.57 $563.14 $0.00 $187.61 $33,932.32
53 $33,932.32 $563.14 $0.00 $191.86 $34,687.32
54 $34,687.32 $563.14 $0.00 $196.13 $35,446.59
55 $35,446.59 $563.14 $0.00 $200.42 $36,210.15
56 $36,210.15 $563.14 $0.00 $204.74 $36,978.03
57 $36,978.03 $563.14 $0.00 $209.08 $37,750.25
58 $37,750.25 $563.14 $0.00 $213.45 $38,526.84
59 $38,526.84 $563.14 $0.00 $217.84 $39,307.82
60 $39,307.82 $563.14 $0.00 $222.25 $40,093.21
61 $40,093.21 $563.14 $0.00 $226.69 $40,883.04
62 $40,883.04 $563.14 $0.00 $231.16 $41,677.34
63 $41,677.34 $563.14 $0.00 $235.65 $42,476.13
64 $42,476.13 $563.14 $0.00 $240.17 $43,279.44
65 $43,279.44 $563.14 $0.00 $244.71 $44,087.29
66 $44,087.29 $563.14 $0.00 $249.28 $44,899.71
67 $44,899.71 $563.14 $0.00 $253.87 $45,716.72
68 $45,716.72 $563.14 $0.00 $258.49 $46,538.35
69 $46,538.35 $563.14 $0.00 $263.13 $47,364.62
70 $47,364.62 $563.14 $0.00 $267.81 $48,195.57
71 $48,195.57 $563.14 $0.00 $272.50 $49,031.21
72 $49,031.21 $563.14 $0.00 $277.23 $49,871.58
73 $49,871.58 $563.14 $0.00 $281.98 $50,716.70
74 $50,716.70 $563.14 $0.00 $286.76 $51,566.60
75 $51,566.60 $563.14 $0.00 $291.57 $52,421.31
76 $52,421.31 $563.14 $0.00 $296.40 $53,280.85
77 $53,280.85 $563.14 $0.00 $301.26 $54,145.25
78 $54,145.25 $563.14 $0.00 $306.15 $55,014.54
79 $55,014.54 $563.14 $0.00 $311.06 $55,888.74
80 $55,888.74 $563.14 $0.00 $316.00 $56,767.88
81 $56,767.88 $563.14 $0.00 $320.97 $57,651.99
82 $57,651.99 $563.14 $0.00 $325.97 $58,541.10
83 $58,541.10 $563.14 $0.00 $331.00 $59,435.24
84 $59,435.24 $563.14 $0.00 $336.06 $60,334.44
85 $60,334.44 $563.14 $0.00 $341.14 $61,238.72
86 $61,238.72 $563.14 $0.00 $346.25 $62,148.11
87 $62,148.11 $563.14 $0.00 $351.39 $63,062.64
88 $63,062.64 $563.14 $0.00 $356.57 $63,982.35
89 $63,982.35 $563.14 $0.00 $361.77 $64,907.26
90 $64,907.26 $563.14 $0.00 $367.00 $65,837.40
91 $65,837.40 $563.14 $0.00 $372.25 $66,772.79
92 $66,772.79 $563.14 $0.00 $377.54 $67,713.47
93 $67,713.47 $563.14 $0.00 $382.86 $68,659.47
94 $68,659.47 $563.14 $0.00 $388.21 $69,610.82
95 $69,610.82 $563.14 $0.00 $393.59 $70,567.55
96 $70,567.55 $563.14 $0.00 $399.00 $71,529.69
97 $71,529.69 $563.14 $0.00 $404.44 $72,497.27
98 $72,497.27 $563.14 $0.00 $409.91 $73,470.32
99 $73,470.32 $563.14 $0.00 $415.41 $74,448.87
100 $74,448.87 $563.14 $0.00 $420.94 $75,432.95
101 $75,432.95 $563.14 $0.00 $426.51 $76,422.60
102 $76,422.60 $563.14 $0.00 $432.10 $77,417.84
103 $77,417.84 $563.14 $0.00 $437.73 $78,418.71
104 $78,418.71 $563.14 $0.00 $443.39 $79,425.24
105 $79,425.24 $563.14 $0.00 $449.08 $80,437.46
106 $80,437.46 $563.14 $0.00 $454.81 $81,455.41
107 $81,455.41 $563.14 $0.00 $460.56 $82,479.11
108 $82,479.11 $563.14 $0.00 $466.35 $83,508.60
109 $83,508.60 $563.14 $0.00 $472.17 $84,543.91
110 $84,543.91 $563.14 $0.00 $478.02 $85,585.07
111 $85,585.07 $563.14 $0.00 $483.91 $86,632.12
112 $86,632.12 $563.14 $0.00 $489.83 $87,685.09
113 $87,685.09 $563.14 $0.00 $495.78 $88,744.01
114 $88,744.01 $563.14 $0.00 $501.77 $89,808.92
115 $89,808.92 $563.14 $0.00 $507.79 $90,879.85
116 $90,879.85 $563.14 $0.00 $513.85 $91,956.84
117 $91,956.84 $563.14 $0.00 $519.94 $93,039.92
118 $93,039.92 $563.14 $0.00 $526.06 $94,129.12
119 $94,129.12 $563.14 $0.00 $532.22 $95,224.48
120 $95,224.48 $563.14 $0.00 $538.41 $96,326.03
121 $96,326.03 $563.14 $0.00 $544.64 $97,433.81
122 $97,433.81 $563.14 $0.00 $550.90 $98,547.85
123 $98,547.85 $563.14 $0.00 $557.20 $99,668.19
124 $99,668.19 $563.14 $0.00 $563.54 $100,794.87
125 $100,794.87 $563.14 $0.00 $569.91 $101,927.92
126 $101,927.92 $563.14 $0.00 $576.32 $103,067.38
127 $103,067.38 $563.14 $0.00 $582.76 $104,213.28
128 $104,213.28 $563.14 $0.00 $589.24 $105,365.66
129 $105,365.66 $563.14 $0.00 $595.75 $106,524.55
130 $106,524.55 $563.14 $0.00 $602.31 $107,690.00
131 $107,690.00 $563.14 $0.00 $608.89 $108,862.03
132 $108,862.03 $563.14 $0.00 $615.52 $110,040.69
133 $110,040.69 $563.14 $0.00 $622.19 $111,226.02
134 $111,226.02 $563.14 $0.00 $628.89 $112,418.05
135 $112,418.05 $563.14 $0.00 $635.63 $113,616.82
136 $113,616.82 $563.14 $0.00 $642.41 $114,822.37
137 $114,822.37 $563.14 $0.00 $649.22 $116,034.73
138 $116,034.73 $563.14 $0.00 $656.08 $117,253.95
139 $117,253.95 $563.14 $0.00 $662.97 $118,480.06
140 $118,480.06 $563.14 $0.00 $669.90 $119,713.10
141 $119,713.10 $563.14 $0.00 $676.88 $120,953.12
142 $120,953.12 $563.14 $0.00 $683.89 $122,200.15
143 $122,200.15 $563.14 $0.00 $690.94 $123,454.23
144 $123,454.23 $563.14 $0.00 $698.03 $124,715.40
145 $124,715.40 $563.14 $0.00 $705.16 $125,983.70
146 $125,983.70 $563.14 $0.00 $712.33 $127,259.17
147 $127,259.17 $563.14 $0.00 $719.54 $128,541.85
148 $128,541.85 $563.14 $0.00 $726.79 $129,831.78
149 $129,831.78 $563.14 $0.00 $734.09 $131,129.01
150 $131,129.01 $563.14 $0.00 $741.42 $132,433.57
151 $132,433.57 $563.14 $0.00 $748.80 $133,745.51
152 $133,745.51 $563.14 $0.00 $756.22 $135,064.87
153 $135,064.87 $563.14 $0.00 $763.68 $136,391.69
154 $136,391.69 $563.14 $0.00 $771.18 $137,726.01
155 $137,726.01 $563.14 $0.00 $778.72 $139,067.87
156 $139,067.87 $563.14 $0.00 $786.31 $140,417.32
157 $140,417.32 $563.14 $0.00 $793.94 $141,774.40
158 $141,774.40 $563.14 $0.00 $801.61 $143,139.15
159 $143,139.15 $563.14 $0.00 $809.33 $144,511.62
160 $144,511.62 $563.14 $0.00 $817.09 $145,891.85
161 $145,891.85 $563.14 $0.00 $824.89 $147,279.88
162 $147,279.88 $563.14 $0.00 $832.74 $148,675.76
163 $148,675.76 $563.14 $0.00 $840.63 $150,079.53
164 $150,079.53 $563.14 $0.00 $848.57 $151,491.24
165 $151,491.24 $563.14 $0.00 $856.55 $152,910.93
166 $152,910.93 $563.14 $0.00 $864.58 $154,338.65
167 $154,338.65 $563.14 $0.00 $872.65 $155,774.44
168 $155,774.44 $563.14 $0.00 $880.77 $157,218.35
169 $157,218.35 $563.14 $0.00 $888.94 $158,670.43
170 $158,670.43 $563.14 $0.00 $897.15 $160,130.72
171 $160,130.72 $563.14 $0.00 $905.40 $161,599.26
172 $161,599.26 $563.14 $0.00 $913.71 $163,076.11
173 $163,076.11 $563.14 $0.00 $922.06 $164,561.31
174 $164,561.31 $563.14 $0.00 $930.45 $166,054.90
175 $166,054.90 $563.14 $0.00 $938.90 $167,556.94
176 $167,556.94 $563.14 $0.00 $947.39 $169,067.47
177 $169,067.47 $563.14 $0.00 $955.93 $170,586.54
178 $170,586.54 $563.14 $0.00 $964.52 $172,114.20
179 $172,114.20 $563.14 $0.00 $973.16 $173,650.50
180 $173,650.50 $563.14 $0.00 $981.85 $175,195.49
181 $175,195.49 $563.14 $0.00 $990.58 $176,749.21
182 $176,749.21 $563.14 $0.00 $999.37 $178,311.72
183 $178,311.72 $563.14 $0.00 $1,008.20 $179,883.06
184 $179,883.06 $563.14 $0.00 $1,017.08 $181,463.28
185 $181,463.28 $563.14 $0.00 $1,026.02 $183,052.44
186 $183,052.44 $563.14 $0.00 $1,035.01 $184,650.59
187 $184,650.59 $563.14 $0.00 $1,044.04 $186,257.77
188 $186,257.77 $563.14 $0.00 $1,053.13 $187,874.04
189 $187,874.04 $563.14 $0.00 $1,062.27 $189,499.45
190 $189,499.45 $563.14 $0.00 $1,071.46 $191,134.05
191 $191,134.05 $563.14 $0.00 $1,080.70 $192,777.89
192 $192,777.89 $563.14 $0.00 $1,089.99 $194,431.02
193 $194,431.02 $563.14 $0.00 $1,099.34 $196,093.50
194 $196,093.50 $563.14 $0.00 $1,108.74 $197,765.38
195 $197,765.38 $563.14 $0.00 $1,118.19 $199,446.71
196 $199,446.71 $563.14 $0.00 $1,127.70 $201,137.55
197 $201,137.55 $563.14 $0.00 $1,137.26 $202,837.95
198 $202,837.95 $563.14 $0.00 $1,146.88 $204,547.97
199 $204,547.97 $563.14 $0.00 $1,156.54 $206,267.65
200 $206,267.65 $563.14 $0.00 $1,166.27 $207,997.06
201 $207,997.06 $563.14 $0.00 $1,176.05 $209,736.25
202 $209,736.25 $563.14 $0.00 $1,185.88 $211,485.27
203 $211,485.27 $563.14 $0.00 $1,195.77 $213,244.18
204 $213,244.18 $563.14 $0.00 $1,205.71 $215,013.03
205 $215,013.03 $563.14 $0.00 $1,215.71 $216,791.88
206 $216,791.88 $563.14 $0.00 $1,225.77 $218,580.79
207 $218,580.79 $563.14 $0.00 $1,235.89 $220,379.82
208 $220,379.82 $563.14 $0.00 $1,246.06 $222,189.02
209 $222,189.02 $563.14 $0.00 $1,256.29 $224,008.45
210 $224,008.45 $563.14 $0.00 $1,266.58 $225,838.17
211 $225,838.17 $563.14 $0.00 $1,276.92 $227,678.23
212 $227,678.23 $563.14 $0.00 $1,287.33 $229,528.70
213 $229,528.70 $563.14 $0.00 $1,297.79 $231,389.63
214 $231,389.63 $563.14 $0.00 $1,308.31 $233,261.08
215 $233,261.08 $563.14 $0.00 $1,318.89 $235,143.11
216 $235,143.11 $563.14 $0.00 $1,329.53 $237,035.78
217 $237,035.78 $563.14 $66,023.19 $1,340.23 $172,915.96
218 $172,915.96 $563.14 $0.00 $977.69 $174,456.79
219 $174,456.79 $563.14 $0.00 $986.40 $176,006.33
220 $176,006.33 $563.14 $0.00 $995.17 $177,564.64
221 $177,564.64 $563.14 $0.00 $1,003.98 $179,131.76
222 $179,131.76 $563.14 $0.00 $1,012.84 $180,707.74
223 $180,707.74 $563.14 $0.00 $1,021.75 $182,292.63
224 $182,292.63 $563.14 $0.00 $1,030.71 $183,886.48
225 $183,886.48 $563.14 $0.00 $1,039.72 $185,489.34
226 $185,489.34 $563.14 $0.00 $1,048.78 $187,101.26
227 $187,101.26 $563.14 $0.00 $1,057.90 $188,722.30
228 $188,722.30 $563.14 $0.00 $1,067.06 $190,352.50
229 $190,352.50 $563.14 $69,324.35 $1,076.28 $122,667.57
230 $122,667.57 $563.14 $0.00 $693.58 $123,924.29
231 $123,924.29 $563.14 $0.00 $700.69 $125,188.12
232 $125,188.12 $563.14 $0.00 $707.83 $126,459.09
233 $126,459.09 $563.14 $0.00 $715.02 $127,737.25
234 $127,737.25 $563.14 $0.00 $722.24 $129,022.63
235 $129,022.63 $563.14 $0.00 $729.51 $130,315.28
236 $130,315.28 $563.14 $0.00 $736.82 $131,615.24
237 $131,615.24 $563.14 $0.00 $744.17 $132,922.55
238 $132,922.55 $563.14 $0.00 $751.56 $134,237.25
239 $134,237.25 $563.14 $0.00 $759.00 $135,559.39
240 $135,559.39 $563.14 $0.00 $766.47 $136,889.00
241 $136,889.00 $563.14 $72,790.57 $773.99 $65,435.56
242 $65,435.56 $563.14 $0.00 $369.98 $66,368.68
243 $66,368.68 $563.14 $0.00 $375.26 $67,307.08
244 $67,307.08 $563.14 $0.00 $380.56 $68,250.78
245 $68,250.78 $563.14 $0.00 $385.90 $69,199.82
246 $69,199.82 $563.14 $0.00 $391.27 $70,154.23
247 $70,154.23 $563.14 $0.00 $396.66 $71,114.03
248 $71,114.03 $563.14 $0.00 $402.09 $72,079.26
249 $72,079.26 $563.14 $0.00 $407.55 $73,049.95
250 $73,049.95 $563.14 $0.00 $413.04 $74,026.13
251 $74,026.13 $563.14 $0.00 $418.55 $75,007.82
252 $75,007.82 $563.14 $0.00 $424.11 $75,995.07
253 $75,995.07 $0.00 $76,430.10 $429.69 ($5.34)