| Estimated Annual Cost in 2042 | $74,565 |
| Monthly savings required | $331 |
How much will it cost to send your child to Hennepin Technical College in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $149,129.54 for students enrolling in 2042 if tuition increases average 7% per year until then. Assuming you have no current college savings, monthly deposits of $331.29 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.
| Current Annual Cost | $21,315.00 |
| Years until enrollment | 18 |
| Annual Tuition Increase | 7% |
| Current Savings | $0.00 |
| After Tax Return on Savings | 7% |
| Years of enrollment | 2 |
Discover how much will you need to start saving now to afford Hennepin Technical College in the future.
| Month | Begin | Deposit | Withdraw | Interest | End |
|---|---|---|---|---|---|
| 1 | $0.00 | $331.29 | $0.00 | $0.00 | $331.29 |
| 2 | $331.29 | $331.29 | $0.00 | $1.87 | $664.45 |
| 3 | $664.45 | $331.29 | $0.00 | $3.76 | $999.50 |
| 4 | $999.50 | $331.29 | $0.00 | $5.65 | $1,336.44 |
| 5 | $1,336.44 | $331.29 | $0.00 | $7.56 | $1,675.29 |
| 6 | $1,675.29 | $331.29 | $0.00 | $9.47 | $2,016.05 |
| 7 | $2,016.05 | $331.29 | $0.00 | $11.40 | $2,358.74 |
| 8 | $2,358.74 | $331.29 | $0.00 | $13.34 | $2,703.37 |
| 9 | $2,703.37 | $331.29 | $0.00 | $15.29 | $3,049.95 |
| 10 | $3,049.95 | $331.29 | $0.00 | $17.24 | $3,398.48 |
| 11 | $3,398.48 | $331.29 | $0.00 | $19.22 | $3,748.99 |
| 12 | $3,748.99 | $331.29 | $0.00 | $21.20 | $4,101.48 |
| 13 | $4,101.48 | $331.29 | $0.00 | $23.19 | $4,455.96 |
| 14 | $4,455.96 | $331.29 | $0.00 | $25.19 | $4,812.44 |
| 15 | $4,812.44 | $331.29 | $0.00 | $27.21 | $5,170.94 |
| 16 | $5,170.94 | $331.29 | $0.00 | $29.24 | $5,531.47 |
| 17 | $5,531.47 | $331.29 | $0.00 | $31.28 | $5,894.04 |
| 18 | $5,894.04 | $331.29 | $0.00 | $33.33 | $6,258.66 |
| 19 | $6,258.66 | $331.29 | $0.00 | $35.39 | $6,625.34 |
| 20 | $6,625.34 | $331.29 | $0.00 | $37.46 | $6,994.09 |
| 21 | $6,994.09 | $331.29 | $0.00 | $39.55 | $7,364.93 |
| 22 | $7,364.93 | $331.29 | $0.00 | $41.64 | $7,737.86 |
| 23 | $7,737.86 | $331.29 | $0.00 | $43.75 | $8,112.90 |
| 24 | $8,112.90 | $331.29 | $0.00 | $45.87 | $8,490.06 |
| 25 | $8,490.06 | $331.29 | $0.00 | $48.00 | $8,869.35 |
| 26 | $8,869.35 | $331.29 | $0.00 | $50.15 | $9,250.79 |
| 27 | $9,250.79 | $331.29 | $0.00 | $52.31 | $9,634.39 |
| 28 | $9,634.39 | $331.29 | $0.00 | $54.47 | $10,020.15 |
| 29 | $10,020.15 | $331.29 | $0.00 | $56.66 | $10,408.10 |
| 30 | $10,408.10 | $331.29 | $0.00 | $58.85 | $10,798.24 |
| 31 | $10,798.24 | $331.29 | $0.00 | $61.05 | $11,190.58 |
| 32 | $11,190.58 | $331.29 | $0.00 | $63.27 | $11,585.14 |
| 33 | $11,585.14 | $331.29 | $0.00 | $65.50 | $11,981.93 |
| 34 | $11,981.93 | $331.29 | $0.00 | $67.75 | $12,380.97 |
| 35 | $12,380.97 | $331.29 | $0.00 | $70.00 | $12,782.26 |
| 36 | $12,782.26 | $331.29 | $0.00 | $72.27 | $13,185.82 |
| 37 | $13,185.82 | $331.29 | $0.00 | $74.55 | $13,591.66 |
| 38 | $13,591.66 | $331.29 | $0.00 | $76.85 | $13,999.80 |
| 39 | $13,999.80 | $331.29 | $0.00 | $79.16 | $14,410.25 |
| 40 | $14,410.25 | $331.29 | $0.00 | $81.48 | $14,823.02 |
| 41 | $14,823.02 | $331.29 | $0.00 | $83.81 | $15,238.12 |
| 42 | $15,238.12 | $331.29 | $0.00 | $86.16 | $15,655.57 |
| 43 | $15,655.57 | $331.29 | $0.00 | $88.52 | $16,075.38 |
| 44 | $16,075.38 | $331.29 | $0.00 | $90.89 | $16,497.56 |
| 45 | $16,497.56 | $331.29 | $0.00 | $93.28 | $16,922.13 |
| 46 | $16,922.13 | $331.29 | $0.00 | $95.68 | $17,349.10 |
| 47 | $17,349.10 | $331.29 | $0.00 | $98.09 | $17,778.48 |
| 48 | $17,778.48 | $331.29 | $0.00 | $100.52 | $18,210.29 |
| 49 | $18,210.29 | $331.29 | $0.00 | $102.96 | $18,644.54 |
| 50 | $18,644.54 | $331.29 | $0.00 | $105.42 | $19,081.25 |
| 51 | $19,081.25 | $331.29 | $0.00 | $107.89 | $19,520.43 |
| 52 | $19,520.43 | $331.29 | $0.00 | $110.37 | $19,962.09 |
| 53 | $19,962.09 | $331.29 | $0.00 | $112.87 | $20,406.25 |
| 54 | $20,406.25 | $331.29 | $0.00 | $115.38 | $20,852.92 |
| 55 | $20,852.92 | $331.29 | $0.00 | $117.91 | $21,302.12 |
| 56 | $21,302.12 | $331.29 | $0.00 | $120.45 | $21,753.86 |
| 57 | $21,753.86 | $331.29 | $0.00 | $123.00 | $22,208.15 |
| 58 | $22,208.15 | $331.29 | $0.00 | $125.57 | $22,665.01 |
| 59 | $22,665.01 | $331.29 | $0.00 | $128.15 | $23,124.45 |
| 60 | $23,124.45 | $331.29 | $0.00 | $130.75 | $23,586.49 |
| 61 | $23,586.49 | $331.29 | $0.00 | $133.36 | $24,051.14 |
| 62 | $24,051.14 | $331.29 | $0.00 | $135.99 | $24,518.42 |
| 63 | $24,518.42 | $331.29 | $0.00 | $138.63 | $24,988.34 |
| 64 | $24,988.34 | $331.29 | $0.00 | $141.29 | $25,460.92 |
| 65 | $25,460.92 | $331.29 | $0.00 | $143.96 | $25,936.17 |
| 66 | $25,936.17 | $331.29 | $0.00 | $146.65 | $26,414.11 |
| 67 | $26,414.11 | $331.29 | $0.00 | $149.35 | $26,894.75 |
| 68 | $26,894.75 | $331.29 | $0.00 | $152.07 | $27,378.11 |
| 69 | $27,378.11 | $331.29 | $0.00 | $154.80 | $27,864.20 |
| 70 | $27,864.20 | $331.29 | $0.00 | $157.55 | $28,353.04 |
| 71 | $28,353.04 | $331.29 | $0.00 | $160.31 | $28,844.64 |
| 72 | $28,844.64 | $331.29 | $0.00 | $163.09 | $29,339.02 |
| 73 | $29,339.02 | $331.29 | $0.00 | $165.89 | $29,836.20 |
| 74 | $29,836.20 | $331.29 | $0.00 | $168.70 | $30,336.19 |
| 75 | $30,336.19 | $331.29 | $0.00 | $171.53 | $30,839.01 |
| 76 | $30,839.01 | $331.29 | $0.00 | $174.37 | $31,344.67 |
| 77 | $31,344.67 | $331.29 | $0.00 | $177.23 | $31,853.19 |
| 78 | $31,853.19 | $331.29 | $0.00 | $180.10 | $32,364.58 |
| 79 | $32,364.58 | $331.29 | $0.00 | $182.99 | $32,878.86 |
| 80 | $32,878.86 | $331.29 | $0.00 | $185.90 | $33,396.05 |
| 81 | $33,396.05 | $331.29 | $0.00 | $188.83 | $33,916.17 |
| 82 | $33,916.17 | $331.29 | $0.00 | $191.77 | $34,439.23 |
| 83 | $34,439.23 | $331.29 | $0.00 | $194.72 | $34,965.24 |
| 84 | $34,965.24 | $331.29 | $0.00 | $197.70 | $35,494.23 |
| 85 | $35,494.23 | $331.29 | $0.00 | $200.69 | $36,026.21 |
| 86 | $36,026.21 | $331.29 | $0.00 | $203.70 | $36,561.20 |
| 87 | $36,561.20 | $331.29 | $0.00 | $206.72 | $37,099.21 |
| 88 | $37,099.21 | $331.29 | $0.00 | $209.76 | $37,640.26 |
| 89 | $37,640.26 | $331.29 | $0.00 | $212.82 | $38,184.37 |
| 90 | $38,184.37 | $331.29 | $0.00 | $215.90 | $38,731.56 |
| 91 | $38,731.56 | $331.29 | $0.00 | $218.99 | $39,281.84 |
| 92 | $39,281.84 | $331.29 | $0.00 | $222.11 | $39,835.24 |
| 93 | $39,835.24 | $331.29 | $0.00 | $225.23 | $40,391.76 |
| 94 | $40,391.76 | $331.29 | $0.00 | $228.38 | $40,951.43 |
| 95 | $40,951.43 | $331.29 | $0.00 | $231.55 | $41,514.27 |
| 96 | $41,514.27 | $331.29 | $0.00 | $234.73 | $42,080.29 |
| 97 | $42,080.29 | $331.29 | $0.00 | $237.93 | $42,649.51 |
| 98 | $42,649.51 | $331.29 | $0.00 | $241.15 | $43,221.95 |
| 99 | $43,221.95 | $331.29 | $0.00 | $244.38 | $43,797.62 |
| 100 | $43,797.62 | $331.29 | $0.00 | $247.64 | $44,376.55 |
| 101 | $44,376.55 | $331.29 | $0.00 | $250.91 | $44,958.75 |
| 102 | $44,958.75 | $331.29 | $0.00 | $254.20 | $45,544.24 |
| 103 | $45,544.24 | $331.29 | $0.00 | $257.51 | $46,133.04 |
| 104 | $46,133.04 | $331.29 | $0.00 | $260.84 | $46,725.17 |
| 105 | $46,725.17 | $331.29 | $0.00 | $264.19 | $47,320.65 |
| 106 | $47,320.65 | $331.29 | $0.00 | $267.56 | $47,919.50 |
| 107 | $47,919.50 | $331.29 | $0.00 | $270.94 | $48,521.73 |
| 108 | $48,521.73 | $331.29 | $0.00 | $274.35 | $49,127.37 |
| 109 | $49,127.37 | $331.29 | $0.00 | $277.77 | $49,736.43 |
| 110 | $49,736.43 | $331.29 | $0.00 | $281.22 | $50,348.94 |
| 111 | $50,348.94 | $331.29 | $0.00 | $284.68 | $50,964.91 |
| 112 | $50,964.91 | $331.29 | $0.00 | $288.16 | $51,584.36 |
| 113 | $51,584.36 | $331.29 | $0.00 | $291.67 | $52,207.32 |
| 114 | $52,207.32 | $331.29 | $0.00 | $295.19 | $52,833.80 |
| 115 | $52,833.80 | $331.29 | $0.00 | $298.73 | $53,463.82 |
| 116 | $53,463.82 | $331.29 | $0.00 | $302.29 | $54,097.40 |
| 117 | $54,097.40 | $331.29 | $0.00 | $305.87 | $54,734.56 |
| 118 | $54,734.56 | $331.29 | $0.00 | $309.48 | $55,375.33 |
| 119 | $55,375.33 | $331.29 | $0.00 | $313.10 | $56,019.72 |
| 120 | $56,019.72 | $331.29 | $0.00 | $316.74 | $56,667.75 |
| 121 | $56,667.75 | $331.29 | $0.00 | $320.41 | $57,319.45 |
| 122 | $57,319.45 | $331.29 | $0.00 | $324.09 | $57,974.83 |
| 123 | $57,974.83 | $331.29 | $0.00 | $327.80 | $58,633.92 |
| 124 | $58,633.92 | $331.29 | $0.00 | $331.52 | $59,296.73 |
| 125 | $59,296.73 | $331.29 | $0.00 | $335.27 | $59,963.29 |
| 126 | $59,963.29 | $331.29 | $0.00 | $339.04 | $60,633.62 |
| 127 | $60,633.62 | $331.29 | $0.00 | $342.83 | $61,307.74 |
| 128 | $61,307.74 | $331.29 | $0.00 | $346.64 | $61,985.67 |
| 129 | $61,985.67 | $331.29 | $0.00 | $350.48 | $62,667.44 |
| 130 | $62,667.44 | $331.29 | $0.00 | $354.33 | $63,353.06 |
| 131 | $63,353.06 | $331.29 | $0.00 | $358.21 | $64,042.56 |
| 132 | $64,042.56 | $331.29 | $0.00 | $362.11 | $64,735.96 |
| 133 | $64,735.96 | $331.29 | $0.00 | $366.03 | $65,433.28 |
| 134 | $65,433.28 | $331.29 | $0.00 | $369.97 | $66,134.54 |
| 135 | $66,134.54 | $331.29 | $0.00 | $373.93 | $66,839.76 |
| 136 | $66,839.76 | $331.29 | $0.00 | $377.92 | $67,548.97 |
| 137 | $67,548.97 | $331.29 | $0.00 | $381.93 | $68,262.19 |
| 138 | $68,262.19 | $331.29 | $0.00 | $385.96 | $68,979.44 |
| 139 | $68,979.44 | $331.29 | $0.00 | $390.02 | $69,700.75 |
| 140 | $69,700.75 | $331.29 | $0.00 | $394.10 | $70,426.14 |
| 141 | $70,426.14 | $331.29 | $0.00 | $398.20 | $71,155.63 |
| 142 | $71,155.63 | $331.29 | $0.00 | $402.32 | $71,889.24 |
| 143 | $71,889.24 | $331.29 | $0.00 | $406.47 | $72,627.00 |
| 144 | $72,627.00 | $331.29 | $0.00 | $410.64 | $73,368.93 |
| 145 | $73,368.93 | $331.29 | $0.00 | $414.84 | $74,115.06 |
| 146 | $74,115.06 | $331.29 | $0.00 | $419.06 | $74,865.41 |
| 147 | $74,865.41 | $331.29 | $0.00 | $423.30 | $75,620.00 |
| 148 | $75,620.00 | $331.29 | $0.00 | $427.57 | $76,378.86 |
| 149 | $76,378.86 | $331.29 | $0.00 | $431.86 | $77,142.01 |
| 150 | $77,142.01 | $331.29 | $0.00 | $436.17 | $77,909.47 |
| 151 | $77,909.47 | $331.29 | $0.00 | $440.51 | $78,681.27 |
| 152 | $78,681.27 | $331.29 | $0.00 | $444.88 | $79,457.44 |
| 153 | $79,457.44 | $331.29 | $0.00 | $449.26 | $80,237.99 |
| 154 | $80,237.99 | $331.29 | $0.00 | $453.68 | $81,022.96 |
| 155 | $81,022.96 | $331.29 | $0.00 | $458.12 | $81,812.37 |
| 156 | $81,812.37 | $331.29 | $0.00 | $462.58 | $82,606.24 |
| 157 | $82,606.24 | $331.29 | $0.00 | $467.07 | $83,404.60 |
| 158 | $83,404.60 | $331.29 | $0.00 | $471.58 | $84,207.47 |
| 159 | $84,207.47 | $331.29 | $0.00 | $476.12 | $85,014.88 |
| 160 | $85,014.88 | $331.29 | $0.00 | $480.69 | $85,826.86 |
| 161 | $85,826.86 | $331.29 | $0.00 | $485.28 | $86,643.43 |
| 162 | $86,643.43 | $331.29 | $0.00 | $489.89 | $87,464.61 |
| 163 | $87,464.61 | $331.29 | $0.00 | $494.54 | $88,290.44 |
| 164 | $88,290.44 | $331.29 | $0.00 | $499.21 | $89,120.94 |
| 165 | $89,120.94 | $331.29 | $0.00 | $503.90 | $89,956.13 |
| 166 | $89,956.13 | $331.29 | $0.00 | $508.63 | $90,796.05 |
| 167 | $90,796.05 | $331.29 | $0.00 | $513.37 | $91,640.71 |
| 168 | $91,640.71 | $331.29 | $0.00 | $518.15 | $92,490.15 |
| 169 | $92,490.15 | $331.29 | $0.00 | $522.95 | $93,344.39 |
| 170 | $93,344.39 | $331.29 | $0.00 | $527.78 | $94,203.46 |
| 171 | $94,203.46 | $331.29 | $0.00 | $532.64 | $95,067.39 |
| 172 | $95,067.39 | $331.29 | $0.00 | $537.52 | $95,936.20 |
| 173 | $95,936.20 | $331.29 | $0.00 | $542.44 | $96,809.93 |
| 174 | $96,809.93 | $331.29 | $0.00 | $547.38 | $97,688.60 |
| 175 | $97,688.60 | $331.29 | $0.00 | $552.35 | $98,572.24 |
| 176 | $98,572.24 | $331.29 | $0.00 | $557.34 | $99,460.87 |
| 177 | $99,460.87 | $331.29 | $0.00 | $562.37 | $100,354.53 |
| 178 | $100,354.53 | $331.29 | $0.00 | $567.42 | $101,253.24 |
| 179 | $101,253.24 | $331.29 | $0.00 | $572.50 | $102,157.03 |
| 180 | $102,157.03 | $331.29 | $0.00 | $577.61 | $103,065.93 |
| 181 | $103,065.93 | $331.29 | $0.00 | $582.75 | $103,979.97 |
| 182 | $103,979.97 | $331.29 | $0.00 | $587.92 | $104,899.18 |
| 183 | $104,899.18 | $331.29 | $0.00 | $593.12 | $105,823.59 |
| 184 | $105,823.59 | $331.29 | $0.00 | $598.34 | $106,753.22 |
| 185 | $106,753.22 | $331.29 | $0.00 | $603.60 | $107,688.11 |
| 186 | $107,688.11 | $331.29 | $0.00 | $608.88 | $108,628.28 |
| 187 | $108,628.28 | $331.29 | $0.00 | $614.20 | $109,573.77 |
| 188 | $109,573.77 | $331.29 | $0.00 | $619.55 | $110,524.61 |
| 189 | $110,524.61 | $331.29 | $0.00 | $624.92 | $111,480.82 |
| 190 | $111,480.82 | $331.29 | $0.00 | $630.33 | $112,442.44 |
| 191 | $112,442.44 | $331.29 | $0.00 | $635.77 | $113,409.50 |
| 192 | $113,409.50 | $331.29 | $0.00 | $641.23 | $114,382.02 |
| 193 | $114,382.02 | $331.29 | $0.00 | $646.73 | $115,360.04 |
| 194 | $115,360.04 | $331.29 | $0.00 | $652.26 | $116,343.59 |
| 195 | $116,343.59 | $331.29 | $0.00 | $657.82 | $117,332.70 |
| 196 | $117,332.70 | $331.29 | $0.00 | $663.42 | $118,327.41 |
| 197 | $118,327.41 | $331.29 | $0.00 | $669.04 | $119,327.74 |
| 198 | $119,327.74 | $331.29 | $0.00 | $674.70 | $120,333.73 |
| 199 | $120,333.73 | $331.29 | $0.00 | $680.38 | $121,345.40 |
| 200 | $121,345.40 | $331.29 | $0.00 | $686.10 | $122,362.79 |
| 201 | $122,362.79 | $331.29 | $0.00 | $691.86 | $123,385.94 |
| 202 | $123,385.94 | $331.29 | $0.00 | $697.64 | $124,414.87 |
| 203 | $124,414.87 | $331.29 | $0.00 | $703.46 | $125,449.62 |
| 204 | $125,449.62 | $331.29 | $0.00 | $709.31 | $126,490.22 |
| 205 | $126,490.22 | $331.29 | $0.00 | $715.19 | $127,536.70 |
| 206 | $127,536.70 | $331.29 | $0.00 | $721.11 | $128,589.10 |
| 207 | $128,589.10 | $331.29 | $0.00 | $727.06 | $129,647.45 |
| 208 | $129,647.45 | $331.29 | $0.00 | $733.05 | $130,711.79 |
| 209 | $130,711.79 | $331.29 | $0.00 | $739.06 | $131,782.14 |
| 210 | $131,782.14 | $331.29 | $0.00 | $745.12 | $132,858.55 |
| 211 | $132,858.55 | $331.29 | $0.00 | $751.20 | $133,941.04 |
| 212 | $133,941.04 | $331.29 | $0.00 | $757.32 | $135,029.65 |
| 213 | $135,029.65 | $331.29 | $0.00 | $763.48 | $136,124.42 |
| 214 | $136,124.42 | $331.29 | $0.00 | $769.67 | $137,225.38 |
| 215 | $137,225.38 | $331.29 | $0.00 | $775.89 | $138,332.56 |
| 216 | $138,332.56 | $331.29 | $0.00 | $782.15 | $139,446.00 |
| 217 | $139,446.00 | $331.29 | $72,043.26 | $788.45 | $68,522.48 |
| 218 | $68,522.48 | $331.29 | $0.00 | $387.44 | $69,241.21 |
| 219 | $69,241.21 | $331.29 | $0.00 | $391.50 | $69,964.00 |
| 220 | $69,964.00 | $331.29 | $0.00 | $395.59 | $70,690.88 |
| 221 | $70,690.88 | $331.29 | $0.00 | $399.70 | $71,421.87 |
| 222 | $71,421.87 | $331.29 | $0.00 | $403.83 | $72,156.99 |
| 223 | $72,156.99 | $331.29 | $0.00 | $407.99 | $72,896.27 |
| 224 | $72,896.27 | $331.29 | $0.00 | $412.17 | $73,639.73 |
| 225 | $73,639.73 | $331.29 | $0.00 | $416.37 | $74,387.39 |
| 226 | $74,387.39 | $331.29 | $0.00 | $420.60 | $75,139.28 |
| 227 | $75,139.28 | $331.29 | $0.00 | $424.85 | $75,895.42 |
| 228 | $75,895.42 | $331.29 | $0.00 | $429.12 | $76,655.83 |
| 229 | $76,655.83 | $0.00 | $77,086.28 | $433.42 | $2.97 |