Savings Plan and Future Cost Estimation for DeVry University Minnesota

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$88,798
Monthly savings required$702

How much will it cost to send your child to DeVry University Minnesota in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $355,193.74 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $701.80 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 Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $701.80 $0.00 $0.00 $701.80
2 $701.80 $701.80 $0.00 $3.97 $1,407.57
3 $1,407.57 $701.80 $0.00 $7.96 $2,117.33
4 $2,117.33 $701.80 $0.00 $11.97 $2,831.10
5 $2,831.10 $701.80 $0.00 $16.01 $3,548.91
6 $3,548.91 $701.80 $0.00 $20.07 $4,270.78
7 $4,270.78 $701.80 $0.00 $24.15 $4,996.73
8 $4,996.73 $701.80 $0.00 $28.25 $5,726.78
9 $5,726.78 $701.80 $0.00 $32.38 $6,460.96
10 $6,460.96 $701.80 $0.00 $36.53 $7,199.29
11 $7,199.29 $701.80 $0.00 $40.71 $7,941.80
12 $7,941.80 $701.80 $0.00 $44.90 $8,688.50
13 $8,688.50 $701.80 $0.00 $49.13 $9,439.43
14 $9,439.43 $701.80 $0.00 $53.37 $10,194.60
15 $10,194.60 $701.80 $0.00 $57.64 $10,954.04
16 $10,954.04 $701.80 $0.00 $61.94 $11,717.78
17 $11,717.78 $701.80 $0.00 $66.25 $12,485.83
18 $12,485.83 $701.80 $0.00 $70.60 $13,258.23
19 $13,258.23 $701.80 $0.00 $74.96 $14,034.99
20 $14,034.99 $701.80 $0.00 $79.36 $14,816.15
21 $14,816.15 $701.80 $0.00 $83.77 $15,601.72
22 $15,601.72 $701.80 $0.00 $88.21 $16,391.73
23 $16,391.73 $701.80 $0.00 $92.68 $17,186.21
24 $17,186.21 $701.80 $0.00 $97.17 $17,985.18
25 $17,985.18 $701.80 $0.00 $101.69 $18,788.67
26 $18,788.67 $701.80 $0.00 $106.23 $19,596.70
27 $19,596.70 $701.80 $0.00 $110.80 $20,409.30
28 $20,409.30 $701.80 $0.00 $115.40 $21,226.50
29 $21,226.50 $701.80 $0.00 $120.02 $22,048.32
30 $22,048.32 $701.80 $0.00 $124.66 $22,874.78
31 $22,874.78 $701.80 $0.00 $129.34 $23,705.92
32 $23,705.92 $701.80 $0.00 $134.04 $24,541.76
33 $24,541.76 $701.80 $0.00 $138.76 $25,382.32
34 $25,382.32 $701.80 $0.00 $143.52 $26,227.64
35 $26,227.64 $701.80 $0.00 $148.29 $27,077.73
36 $27,077.73 $701.80 $0.00 $153.10 $27,932.63
37 $27,932.63 $701.80 $0.00 $157.94 $28,792.37
38 $28,792.37 $701.80 $0.00 $162.80 $29,656.97
39 $29,656.97 $701.80 $0.00 $167.68 $30,526.45
40 $30,526.45 $701.80 $0.00 $172.60 $31,400.85
41 $31,400.85 $701.80 $0.00 $177.54 $32,280.19
42 $32,280.19 $701.80 $0.00 $182.52 $33,164.51
43 $33,164.51 $701.80 $0.00 $187.52 $34,053.83
44 $34,053.83 $701.80 $0.00 $192.55 $34,948.18
45 $34,948.18 $701.80 $0.00 $197.60 $35,847.58
46 $35,847.58 $701.80 $0.00 $202.69 $36,752.07
47 $36,752.07 $701.80 $0.00 $207.80 $37,661.67
48 $37,661.67 $701.80 $0.00 $212.94 $38,576.41
49 $38,576.41 $701.80 $0.00 $218.12 $39,496.33
50 $39,496.33 $701.80 $0.00 $223.32 $40,421.45
51 $40,421.45 $701.80 $0.00 $228.55 $41,351.80
52 $41,351.80 $701.80 $0.00 $233.81 $42,287.41
53 $42,287.41 $701.80 $0.00 $239.10 $43,228.31
54 $43,228.31 $701.80 $0.00 $244.42 $44,174.53
55 $44,174.53 $701.80 $0.00 $249.77 $45,126.10
56 $45,126.10 $701.80 $0.00 $255.15 $46,083.05
57 $46,083.05 $701.80 $0.00 $260.56 $47,045.41
58 $47,045.41 $701.80 $0.00 $266.00 $48,013.21
59 $48,013.21 $701.80 $0.00 $271.47 $48,986.48
60 $48,986.48 $701.80 $0.00 $276.98 $49,965.26
61 $49,965.26 $701.80 $0.00 $282.51 $50,949.57
62 $50,949.57 $701.80 $0.00 $288.08 $51,939.45
63 $51,939.45 $701.80 $0.00 $293.67 $52,934.92
64 $52,934.92 $701.80 $0.00 $299.30 $53,936.02
65 $53,936.02 $701.80 $0.00 $304.96 $54,942.78
66 $54,942.78 $701.80 $0.00 $310.65 $55,955.23
67 $55,955.23 $701.80 $0.00 $316.38 $56,973.41
68 $56,973.41 $701.80 $0.00 $322.14 $57,997.35
69 $57,997.35 $701.80 $0.00 $327.93 $59,027.08
70 $59,027.08 $701.80 $0.00 $333.75 $60,062.63
71 $60,062.63 $701.80 $0.00 $339.60 $61,104.03
72 $61,104.03 $701.80 $0.00 $345.49 $62,151.32
73 $62,151.32 $701.80 $0.00 $351.41 $63,204.53
74 $63,204.53 $701.80 $0.00 $357.37 $64,263.70
75 $64,263.70 $701.80 $0.00 $363.36 $65,328.86
76 $65,328.86 $701.80 $0.00 $369.38 $66,400.04
77 $66,400.04 $701.80 $0.00 $375.44 $67,477.28
78 $67,477.28 $701.80 $0.00 $381.53 $68,560.61
79 $68,560.61 $701.80 $0.00 $387.65 $69,650.06
80 $69,650.06 $701.80 $0.00 $393.81 $70,745.67
81 $70,745.67 $701.80 $0.00 $400.01 $71,847.48
82 $71,847.48 $701.80 $0.00 $406.24 $72,955.52
83 $72,955.52 $701.80 $0.00 $412.50 $74,069.82
84 $74,069.82 $701.80 $0.00 $418.80 $75,190.42
85 $75,190.42 $701.80 $0.00 $425.14 $76,317.36
86 $76,317.36 $701.80 $0.00 $431.51 $77,450.67
87 $77,450.67 $701.80 $0.00 $437.92 $78,590.39
88 $78,590.39 $701.80 $0.00 $444.36 $79,736.55
89 $79,736.55 $701.80 $0.00 $450.84 $80,889.19
90 $80,889.19 $701.80 $0.00 $457.36 $82,048.35
91 $82,048.35 $701.80 $0.00 $463.91 $83,214.06
92 $83,214.06 $701.80 $0.00 $470.50 $84,386.36
93 $84,386.36 $701.80 $0.00 $477.13 $85,565.29
94 $85,565.29 $701.80 $0.00 $483.80 $86,750.89
95 $86,750.89 $701.80 $0.00 $490.50 $87,943.19
96 $87,943.19 $701.80 $0.00 $497.24 $89,142.23
97 $89,142.23 $701.80 $0.00 $504.02 $90,348.05
98 $90,348.05 $701.80 $0.00 $510.84 $91,560.69
99 $91,560.69 $701.80 $0.00 $517.70 $92,780.19
100 $92,780.19 $701.80 $0.00 $524.59 $94,006.58
101 $94,006.58 $701.80 $0.00 $531.53 $95,239.91
102 $95,239.91 $701.80 $0.00 $538.50 $96,480.21
103 $96,480.21 $701.80 $0.00 $545.51 $97,727.52
104 $97,727.52 $701.80 $0.00 $552.57 $98,981.89
105 $98,981.89 $701.80 $0.00 $559.66 $100,243.35
106 $100,243.35 $701.80 $0.00 $566.79 $101,511.94
107 $101,511.94 $701.80 $0.00 $573.96 $102,787.70
108 $102,787.70 $701.80 $0.00 $581.18 $104,070.68
109 $104,070.68 $701.80 $0.00 $588.43 $105,360.91
110 $105,360.91 $701.80 $0.00 $595.73 $106,658.44
111 $106,658.44 $701.80 $0.00 $603.06 $107,963.30
112 $107,963.30 $701.80 $0.00 $610.44 $109,275.54
113 $109,275.54 $701.80 $0.00 $617.86 $110,595.20
114 $110,595.20 $701.80 $0.00 $625.32 $111,922.32
115 $111,922.32 $701.80 $0.00 $632.83 $113,256.95
116 $113,256.95 $701.80 $0.00 $640.37 $114,599.12
117 $114,599.12 $701.80 $0.00 $647.96 $115,948.88
118 $115,948.88 $701.80 $0.00 $655.59 $117,306.27
119 $117,306.27 $701.80 $0.00 $663.27 $118,671.34
120 $118,671.34 $701.80 $0.00 $670.99 $120,044.13
121 $120,044.13 $701.80 $0.00 $678.75 $121,424.68
122 $121,424.68 $701.80 $0.00 $686.55 $122,813.03
123 $122,813.03 $701.80 $0.00 $694.40 $124,209.23
124 $124,209.23 $701.80 $0.00 $702.30 $125,613.33
125 $125,613.33 $701.80 $0.00 $710.24 $127,025.37
126 $127,025.37 $701.80 $0.00 $718.22 $128,445.39
127 $128,445.39 $701.80 $0.00 $726.25 $129,873.44
128 $129,873.44 $701.80 $0.00 $734.32 $131,309.56
129 $131,309.56 $701.80 $0.00 $742.44 $132,753.80
130 $132,753.80 $701.80 $0.00 $750.61 $134,206.21
131 $134,206.21 $701.80 $0.00 $758.82 $135,666.83
132 $135,666.83 $701.80 $0.00 $767.08 $137,135.71
133 $137,135.71 $701.80 $0.00 $775.39 $138,612.90
134 $138,612.90 $701.80 $0.00 $783.74 $140,098.44
135 $140,098.44 $701.80 $0.00 $792.14 $141,592.38
136 $141,592.38 $701.80 $0.00 $800.58 $143,094.76
137 $143,094.76 $701.80 $0.00 $809.08 $144,605.64
138 $144,605.64 $701.80 $0.00 $817.62 $146,125.06
139 $146,125.06 $701.80 $0.00 $826.21 $147,653.07
140 $147,653.07 $701.80 $0.00 $834.85 $149,189.72
141 $149,189.72 $701.80 $0.00 $843.54 $150,735.06
142 $150,735.06 $701.80 $0.00 $852.28 $152,289.14
143 $152,289.14 $701.80 $0.00 $861.06 $153,852.00
144 $153,852.00 $701.80 $0.00 $869.90 $155,423.70
145 $155,423.70 $701.80 $0.00 $878.79 $157,004.29
146 $157,004.29 $701.80 $0.00 $887.73 $158,593.82
147 $158,593.82 $701.80 $0.00 $896.71 $160,192.33
148 $160,192.33 $701.80 $0.00 $905.75 $161,799.88
149 $161,799.88 $701.80 $0.00 $914.84 $163,416.52
150 $163,416.52 $701.80 $0.00 $923.98 $165,042.30
151 $165,042.30 $701.80 $0.00 $933.17 $166,677.27
152 $166,677.27 $701.80 $0.00 $942.42 $168,321.49
153 $168,321.49 $701.80 $0.00 $951.71 $169,975.00
154 $169,975.00 $701.80 $0.00 $961.06 $171,637.86
155 $171,637.86 $701.80 $0.00 $970.47 $173,310.13
156 $173,310.13 $701.80 $0.00 $979.92 $174,991.85
157 $174,991.85 $701.80 $0.00 $989.43 $176,683.08
158 $176,683.08 $701.80 $0.00 $998.99 $178,383.87
159 $178,383.87 $701.80 $0.00 $1,008.61 $180,094.28
160 $180,094.28 $701.80 $0.00 $1,018.28 $181,814.36
161 $181,814.36 $701.80 $0.00 $1,028.00 $183,544.16
162 $183,544.16 $701.80 $0.00 $1,037.79 $185,283.75
163 $185,283.75 $701.80 $0.00 $1,047.62 $187,033.17
164 $187,033.17 $701.80 $0.00 $1,057.51 $188,792.48
165 $188,792.48 $701.80 $0.00 $1,067.46 $190,561.74
166 $190,561.74 $701.80 $0.00 $1,077.46 $192,341.00
167 $192,341.00 $701.80 $0.00 $1,087.52 $194,130.32
168 $194,130.32 $701.80 $0.00 $1,097.64 $195,929.76
169 $195,929.76 $701.80 $0.00 $1,107.82 $197,739.38
170 $197,739.38 $701.80 $0.00 $1,118.05 $199,559.23
171 $199,559.23 $701.80 $0.00 $1,128.34 $201,389.37
172 $201,389.37 $701.80 $0.00 $1,138.68 $203,229.85
173 $203,229.85 $701.80 $0.00 $1,149.09 $205,080.74
174 $205,080.74 $701.80 $0.00 $1,159.56 $206,942.10
175 $206,942.10 $701.80 $0.00 $1,170.08 $208,813.98
176 $208,813.98 $701.80 $0.00 $1,180.66 $210,696.44
177 $210,696.44 $701.80 $0.00 $1,191.31 $212,589.55
178 $212,589.55 $701.80 $0.00 $1,202.01 $214,493.36
179 $214,493.36 $701.80 $0.00 $1,212.78 $216,407.94
180 $216,407.94 $701.80 $0.00 $1,223.60 $218,333.34
181 $218,333.34 $701.80 $0.00 $1,234.49 $220,269.63
182 $220,269.63 $701.80 $0.00 $1,245.44 $222,216.87
183 $222,216.87 $701.80 $0.00 $1,256.45 $224,175.12
184 $224,175.12 $701.80 $0.00 $1,267.52 $226,144.44
185 $226,144.44 $701.80 $0.00 $1,278.65 $228,124.89
186 $228,124.89 $701.80 $0.00 $1,289.85 $230,116.54
187 $230,116.54 $701.80 $0.00 $1,301.11 $232,119.45
188 $232,119.45 $701.80 $0.00 $1,312.44 $234,133.69
189 $234,133.69 $701.80 $0.00 $1,323.83 $236,159.32
190 $236,159.32 $701.80 $0.00 $1,335.28 $238,196.40
191 $238,196.40 $701.80 $0.00 $1,346.80 $240,245.00
192 $240,245.00 $701.80 $0.00 $1,358.38 $242,305.18
193 $242,305.18 $701.80 $0.00 $1,370.03 $244,377.01
194 $244,377.01 $701.80 $0.00 $1,381.74 $246,460.55
195 $246,460.55 $701.80 $0.00 $1,393.52 $248,555.87
196 $248,555.87 $701.80 $0.00 $1,405.37 $250,663.04
197 $250,663.04 $701.80 $0.00 $1,417.29 $252,782.13
198 $252,782.13 $701.80 $0.00 $1,429.27 $254,913.20
199 $254,913.20 $701.80 $0.00 $1,441.32 $257,056.32
200 $257,056.32 $701.80 $0.00 $1,453.43 $259,211.55
201 $259,211.55 $701.80 $0.00 $1,465.62 $261,378.97
202 $261,378.97 $701.80 $0.00 $1,477.87 $263,558.64
203 $263,558.64 $701.80 $0.00 $1,490.20 $265,750.64
204 $265,750.64 $701.80 $0.00 $1,502.59 $267,955.03
205 $267,955.03 $701.80 $0.00 $1,515.06 $270,171.89
206 $270,171.89 $701.80 $0.00 $1,527.59 $272,401.28
207 $272,401.28 $701.80 $0.00 $1,540.20 $274,643.28
208 $274,643.28 $701.80 $0.00 $1,552.87 $276,897.95
209 $276,897.95 $701.80 $0.00 $1,565.62 $279,165.37
210 $279,165.37 $701.80 $0.00 $1,578.44 $281,445.61
211 $281,445.61 $701.80 $0.00 $1,591.33 $283,738.74
212 $283,738.74 $701.80 $0.00 $1,604.30 $286,044.84
213 $286,044.84 $701.80 $0.00 $1,617.34 $288,363.98
214 $288,363.98 $701.80 $0.00 $1,630.45 $290,696.23
215 $290,696.23 $701.80 $0.00 $1,643.64 $293,041.67
216 $293,041.67 $701.80 $0.00 $1,656.90 $295,400.37
217 $295,400.37 $701.80 $79,999.62 $1,670.24 $217,772.79
218 $217,772.79 $701.80 $0.00 $1,231.32 $219,705.91
219 $219,705.91 $701.80 $0.00 $1,242.25 $221,649.96
220 $221,649.96 $701.80 $0.00 $1,253.24 $223,605.00
221 $223,605.00 $701.80 $0.00 $1,264.30 $225,571.10
222 $225,571.10 $701.80 $0.00 $1,275.41 $227,548.31
223 $227,548.31 $701.80 $0.00 $1,286.59 $229,536.70
224 $229,536.70 $701.80 $0.00 $1,297.83 $231,536.33
225 $231,536.33 $701.80 $0.00 $1,309.14 $233,547.27
226 $233,547.27 $701.80 $0.00 $1,320.51 $235,569.58
227 $235,569.58 $701.80 $0.00 $1,331.94 $237,603.32
228 $237,603.32 $701.80 $0.00 $1,343.44 $239,648.56
229 $239,648.56 $701.80 $85,599.59 $1,355.01 $156,105.78
230 $156,105.78 $701.80 $0.00 $882.64 $157,690.22
231 $157,690.22 $701.80 $0.00 $891.60 $159,283.62
232 $159,283.62 $701.80 $0.00 $900.61 $160,886.03
233 $160,886.03 $701.80 $0.00 $909.67 $162,497.50
234 $162,497.50 $701.80 $0.00 $918.78 $164,118.08
235 $164,118.08 $701.80 $0.00 $927.95 $165,747.83
236 $165,747.83 $701.80 $0.00 $937.16 $167,386.79
237 $167,386.79 $701.80 $0.00 $946.43 $169,035.02
238 $169,035.02 $701.80 $0.00 $955.75 $170,692.57
239 $170,692.57 $701.80 $0.00 $965.12 $172,359.49
240 $172,359.49 $701.80 $0.00 $974.55 $174,035.84
241 $174,035.84 $701.80 $91,591.56 $984.02 $84,130.10
242 $84,130.10 $701.80 $0.00 $475.68 $85,307.58
243 $85,307.58 $701.80 $0.00 $482.34 $86,491.72
244 $86,491.72 $701.80 $0.00 $489.04 $87,682.56
245 $87,682.56 $701.80 $0.00 $495.77 $88,880.13
246 $88,880.13 $701.80 $0.00 $502.54 $90,084.47
247 $90,084.47 $701.80 $0.00 $509.35 $91,295.62
248 $91,295.62 $701.80 $0.00 $516.20 $92,513.62
249 $92,513.62 $701.80 $0.00 $523.09 $93,738.51
250 $93,738.51 $701.80 $0.00 $530.01 $94,970.32
251 $94,970.32 $701.80 $0.00 $536.98 $96,209.10
252 $96,209.10 $701.80 $0.00 $543.98 $97,454.88
253 $97,454.88 $0.00 $98,002.97 $551.02 $2.93