How much will it cost and what do you need to save?
| Estimated Annual Cost in 2041 | $52,234 |
| Monthly savings required | $232 |
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 $104,468.33 for students enrolling in 2041 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $232.15 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 | $21,175.00 |
| Years until enrollment | 18 |
| Annual Tuition Increase | 5% |
| 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 | $232.15 | $0.00 | $0.00 | $232.15 |
| 2 | $232.15 | $232.15 | $0.00 | $1.31 | $465.61 |
| 3 | $465.61 | $232.15 | $0.00 | $2.63 | $700.39 |
| 4 | $700.39 | $232.15 | $0.00 | $3.96 | $936.50 |
| 5 | $936.50 | $232.15 | $0.00 | $5.30 | $1,173.95 |
| 6 | $1,173.95 | $232.15 | $0.00 | $6.64 | $1,412.74 |
| 7 | $1,412.74 | $232.15 | $0.00 | $7.99 | $1,652.88 |
| 8 | $1,652.88 | $232.15 | $0.00 | $9.35 | $1,894.38 |
| 9 | $1,894.38 | $232.15 | $0.00 | $10.71 | $2,137.24 |
| 10 | $2,137.24 | $232.15 | $0.00 | $12.08 | $2,381.47 |
| 11 | $2,381.47 | $232.15 | $0.00 | $13.47 | $2,627.09 |
| 12 | $2,627.09 | $232.15 | $0.00 | $14.85 | $2,874.09 |
| 13 | $2,874.09 | $232.15 | $0.00 | $16.25 | $3,122.49 |
| 14 | $3,122.49 | $232.15 | $0.00 | $17.66 | $3,372.30 |
| 15 | $3,372.30 | $232.15 | $0.00 | $19.07 | $3,623.52 |
| 16 | $3,623.52 | $232.15 | $0.00 | $20.49 | $3,876.16 |
| 17 | $3,876.16 | $232.15 | $0.00 | $21.92 | $4,130.23 |
| 18 | $4,130.23 | $232.15 | $0.00 | $23.35 | $4,385.73 |
| 19 | $4,385.73 | $232.15 | $0.00 | $24.80 | $4,642.68 |
| 20 | $4,642.68 | $232.15 | $0.00 | $26.25 | $4,901.08 |
| 21 | $4,901.08 | $232.15 | $0.00 | $27.71 | $5,160.94 |
| 22 | $5,160.94 | $232.15 | $0.00 | $29.18 | $5,422.27 |
| 23 | $5,422.27 | $232.15 | $0.00 | $30.66 | $5,685.08 |
| 24 | $5,685.08 | $232.15 | $0.00 | $32.14 | $5,949.37 |
| 25 | $5,949.37 | $232.15 | $0.00 | $33.64 | $6,215.16 |
| 26 | $6,215.16 | $232.15 | $0.00 | $35.14 | $6,482.45 |
| 27 | $6,482.45 | $232.15 | $0.00 | $36.65 | $6,751.25 |
| 28 | $6,751.25 | $232.15 | $0.00 | $38.17 | $7,021.57 |
| 29 | $7,021.57 | $232.15 | $0.00 | $39.70 | $7,293.42 |
| 30 | $7,293.42 | $232.15 | $0.00 | $41.24 | $7,566.81 |
| 31 | $7,566.81 | $232.15 | $0.00 | $42.78 | $7,841.74 |
| 32 | $7,841.74 | $232.15 | $0.00 | $44.34 | $8,118.23 |
| 33 | $8,118.23 | $232.15 | $0.00 | $45.90 | $8,396.28 |
| 34 | $8,396.28 | $232.15 | $0.00 | $47.47 | $8,675.90 |
| 35 | $8,675.90 | $232.15 | $0.00 | $49.05 | $8,957.10 |
| 36 | $8,957.10 | $232.15 | $0.00 | $50.64 | $9,239.89 |
| 37 | $9,239.89 | $232.15 | $0.00 | $52.24 | $9,524.28 |
| 38 | $9,524.28 | $232.15 | $0.00 | $53.85 | $9,810.28 |
| 39 | $9,810.28 | $232.15 | $0.00 | $55.47 | $10,097.90 |
| 40 | $10,097.90 | $232.15 | $0.00 | $57.09 | $10,387.14 |
| 41 | $10,387.14 | $232.15 | $0.00 | $58.73 | $10,678.02 |
| 42 | $10,678.02 | $232.15 | $0.00 | $60.38 | $10,970.55 |
| 43 | $10,970.55 | $232.15 | $0.00 | $62.03 | $11,264.73 |
| 44 | $11,264.73 | $232.15 | $0.00 | $63.69 | $11,560.57 |
| 45 | $11,560.57 | $232.15 | $0.00 | $65.37 | $11,858.09 |
| 46 | $11,858.09 | $232.15 | $0.00 | $67.05 | $12,157.29 |
| 47 | $12,157.29 | $232.15 | $0.00 | $68.74 | $12,458.18 |
| 48 | $12,458.18 | $232.15 | $0.00 | $70.44 | $12,760.77 |
| 49 | $12,760.77 | $232.15 | $0.00 | $72.15 | $13,065.07 |
| 50 | $13,065.07 | $232.15 | $0.00 | $73.87 | $13,371.09 |
| 51 | $13,371.09 | $232.15 | $0.00 | $75.60 | $13,678.84 |
| 52 | $13,678.84 | $232.15 | $0.00 | $77.34 | $13,988.33 |
| 53 | $13,988.33 | $232.15 | $0.00 | $79.09 | $14,299.57 |
| 54 | $14,299.57 | $232.15 | $0.00 | $80.85 | $14,612.57 |
| 55 | $14,612.57 | $232.15 | $0.00 | $82.62 | $14,927.34 |
| 56 | $14,927.34 | $232.15 | $0.00 | $84.40 | $15,243.89 |
| 57 | $15,243.89 | $232.15 | $0.00 | $86.19 | $15,562.23 |
| 58 | $15,562.23 | $232.15 | $0.00 | $87.99 | $15,882.37 |
| 59 | $15,882.37 | $232.15 | $0.00 | $89.80 | $16,204.32 |
| 60 | $16,204.32 | $232.15 | $0.00 | $91.62 | $16,528.09 |
| 61 | $16,528.09 | $232.15 | $0.00 | $93.45 | $16,853.69 |
| 62 | $16,853.69 | $232.15 | $0.00 | $95.29 | $17,181.13 |
| 63 | $17,181.13 | $232.15 | $0.00 | $97.14 | $17,510.42 |
| 64 | $17,510.42 | $232.15 | $0.00 | $99.01 | $17,841.58 |
| 65 | $17,841.58 | $232.15 | $0.00 | $100.88 | $18,174.61 |
| 66 | $18,174.61 | $232.15 | $0.00 | $102.76 | $18,509.52 |
| 67 | $18,509.52 | $232.15 | $0.00 | $104.66 | $18,846.33 |
| 68 | $18,846.33 | $232.15 | $0.00 | $106.56 | $19,185.04 |
| 69 | $19,185.04 | $232.15 | $0.00 | $108.48 | $19,525.67 |
| 70 | $19,525.67 | $232.15 | $0.00 | $110.40 | $19,868.22 |
| 71 | $19,868.22 | $232.15 | $0.00 | $112.34 | $20,212.71 |
| 72 | $20,212.71 | $232.15 | $0.00 | $114.29 | $20,559.15 |
| 73 | $20,559.15 | $232.15 | $0.00 | $116.24 | $20,907.54 |
| 74 | $20,907.54 | $232.15 | $0.00 | $118.21 | $21,257.90 |
| 75 | $21,257.90 | $232.15 | $0.00 | $120.20 | $21,610.25 |
| 76 | $21,610.25 | $232.15 | $0.00 | $122.19 | $21,964.59 |
| 77 | $21,964.59 | $232.15 | $0.00 | $124.19 | $22,320.93 |
| 78 | $22,320.93 | $232.15 | $0.00 | $126.21 | $22,679.29 |
| 79 | $22,679.29 | $232.15 | $0.00 | $128.23 | $23,039.67 |
| 80 | $23,039.67 | $232.15 | $0.00 | $130.27 | $23,402.09 |
| 81 | $23,402.09 | $232.15 | $0.00 | $132.32 | $23,766.56 |
| 82 | $23,766.56 | $232.15 | $0.00 | $134.38 | $24,133.09 |
| 83 | $24,133.09 | $232.15 | $0.00 | $136.45 | $24,501.69 |
| 84 | $24,501.69 | $232.15 | $0.00 | $138.54 | $24,872.38 |
| 85 | $24,872.38 | $232.15 | $0.00 | $140.63 | $25,245.16 |
| 86 | $25,245.16 | $232.15 | $0.00 | $142.74 | $25,620.05 |
| 87 | $25,620.05 | $232.15 | $0.00 | $144.86 | $25,997.06 |
| 88 | $25,997.06 | $232.15 | $0.00 | $146.99 | $26,376.20 |
| 89 | $26,376.20 | $232.15 | $0.00 | $149.13 | $26,757.48 |
| 90 | $26,757.48 | $232.15 | $0.00 | $151.29 | $27,140.92 |
| 91 | $27,140.92 | $232.15 | $0.00 | $153.46 | $27,526.53 |
| 92 | $27,526.53 | $232.15 | $0.00 | $155.64 | $27,914.32 |
| 93 | $27,914.32 | $232.15 | $0.00 | $157.83 | $28,304.30 |
| 94 | $28,304.30 | $232.15 | $0.00 | $160.04 | $28,696.49 |
| 95 | $28,696.49 | $232.15 | $0.00 | $162.25 | $29,090.89 |
| 96 | $29,090.89 | $232.15 | $0.00 | $164.48 | $29,487.52 |
| 97 | $29,487.52 | $232.15 | $0.00 | $166.73 | $29,886.40 |
| 98 | $29,886.40 | $232.15 | $0.00 | $168.98 | $30,287.53 |
| 99 | $30,287.53 | $232.15 | $0.00 | $171.25 | $30,690.93 |
| 100 | $30,690.93 | $232.15 | $0.00 | $173.53 | $31,096.61 |
| 101 | $31,096.61 | $232.15 | $0.00 | $175.82 | $31,504.58 |
| 102 | $31,504.58 | $232.15 | $0.00 | $178.13 | $31,914.86 |
| 103 | $31,914.86 | $232.15 | $0.00 | $180.45 | $32,327.46 |
| 104 | $32,327.46 | $232.15 | $0.00 | $182.78 | $32,742.39 |
| 105 | $32,742.39 | $232.15 | $0.00 | $185.13 | $33,159.67 |
| 106 | $33,159.67 | $232.15 | $0.00 | $187.49 | $33,579.31 |
| 107 | $33,579.31 | $232.15 | $0.00 | $189.86 | $34,001.32 |
| 108 | $34,001.32 | $232.15 | $0.00 | $192.25 | $34,425.72 |
| 109 | $34,425.72 | $232.15 | $0.00 | $194.65 | $34,852.52 |
| 110 | $34,852.52 | $232.15 | $0.00 | $197.06 | $35,281.73 |
| 111 | $35,281.73 | $232.15 | $0.00 | $199.49 | $35,713.37 |
| 112 | $35,713.37 | $232.15 | $0.00 | $201.93 | $36,147.45 |
| 113 | $36,147.45 | $232.15 | $0.00 | $204.38 | $36,583.98 |
| 114 | $36,583.98 | $232.15 | $0.00 | $206.85 | $37,022.98 |
| 115 | $37,022.98 | $232.15 | $0.00 | $209.33 | $37,464.46 |
| 116 | $37,464.46 | $232.15 | $0.00 | $211.83 | $37,908.44 |
| 117 | $37,908.44 | $232.15 | $0.00 | $214.34 | $38,354.93 |
| 118 | $38,354.93 | $232.15 | $0.00 | $216.86 | $38,803.94 |
| 119 | $38,803.94 | $232.15 | $0.00 | $219.40 | $39,255.49 |
| 120 | $39,255.49 | $232.15 | $0.00 | $221.96 | $39,709.60 |
| 121 | $39,709.60 | $232.15 | $0.00 | $224.52 | $40,166.27 |
| 122 | $40,166.27 | $232.15 | $0.00 | $227.11 | $40,625.53 |
| 123 | $40,625.53 | $232.15 | $0.00 | $229.70 | $41,087.38 |
| 124 | $41,087.38 | $232.15 | $0.00 | $232.31 | $41,551.84 |
| 125 | $41,551.84 | $232.15 | $0.00 | $234.94 | $42,018.93 |
| 126 | $42,018.93 | $232.15 | $0.00 | $237.58 | $42,488.66 |
| 127 | $42,488.66 | $232.15 | $0.00 | $240.24 | $42,961.05 |
| 128 | $42,961.05 | $232.15 | $0.00 | $242.91 | $43,436.11 |
| 129 | $43,436.11 | $232.15 | $0.00 | $245.59 | $43,913.85 |
| 130 | $43,913.85 | $232.15 | $0.00 | $248.30 | $44,394.30 |
| 131 | $44,394.30 | $232.15 | $0.00 | $251.01 | $44,877.46 |
| 132 | $44,877.46 | $232.15 | $0.00 | $253.74 | $45,363.35 |
| 133 | $45,363.35 | $232.15 | $0.00 | $256.49 | $45,851.99 |
| 134 | $45,851.99 | $232.15 | $0.00 | $259.25 | $46,343.39 |
| 135 | $46,343.39 | $232.15 | $0.00 | $262.03 | $46,837.57 |
| 136 | $46,837.57 | $232.15 | $0.00 | $264.83 | $47,334.55 |
| 137 | $47,334.55 | $232.15 | $0.00 | $267.64 | $47,834.34 |
| 138 | $47,834.34 | $232.15 | $0.00 | $270.46 | $48,336.95 |
| 139 | $48,336.95 | $232.15 | $0.00 | $273.30 | $48,842.40 |
| 140 | $48,842.40 | $232.15 | $0.00 | $276.16 | $49,350.71 |
| 141 | $49,350.71 | $232.15 | $0.00 | $279.04 | $49,861.90 |
| 142 | $49,861.90 | $232.15 | $0.00 | $281.93 | $50,375.98 |
| 143 | $50,375.98 | $232.15 | $0.00 | $284.83 | $50,892.96 |
| 144 | $50,892.96 | $232.15 | $0.00 | $287.76 | $51,412.87 |
| 145 | $51,412.87 | $232.15 | $0.00 | $290.70 | $51,935.72 |
| 146 | $51,935.72 | $232.15 | $0.00 | $293.65 | $52,461.52 |
| 147 | $52,461.52 | $232.15 | $0.00 | $296.63 | $52,990.30 |
| 148 | $52,990.30 | $232.15 | $0.00 | $299.61 | $53,522.06 |
| 149 | $53,522.06 | $232.15 | $0.00 | $302.62 | $54,056.83 |
| 150 | $54,056.83 | $232.15 | $0.00 | $305.65 | $54,594.63 |
| 151 | $54,594.63 | $232.15 | $0.00 | $308.69 | $55,135.47 |
| 152 | $55,135.47 | $232.15 | $0.00 | $311.74 | $55,679.36 |
| 153 | $55,679.36 | $232.15 | $0.00 | $314.82 | $56,226.33 |
| 154 | $56,226.33 | $232.15 | $0.00 | $317.91 | $56,776.39 |
| 155 | $56,776.39 | $232.15 | $0.00 | $321.02 | $57,329.56 |
| 156 | $57,329.56 | $232.15 | $0.00 | $324.15 | $57,885.86 |
| 157 | $57,885.86 | $232.15 | $0.00 | $327.30 | $58,445.31 |
| 158 | $58,445.31 | $232.15 | $0.00 | $330.46 | $59,007.92 |
| 159 | $59,007.92 | $232.15 | $0.00 | $333.64 | $59,573.71 |
| 160 | $59,573.71 | $232.15 | $0.00 | $336.84 | $60,142.70 |
| 161 | $60,142.70 | $232.15 | $0.00 | $340.06 | $60,714.91 |
| 162 | $60,714.91 | $232.15 | $0.00 | $343.29 | $61,290.35 |
| 163 | $61,290.35 | $232.15 | $0.00 | $346.54 | $61,869.04 |
| 164 | $61,869.04 | $232.15 | $0.00 | $349.82 | $62,451.01 |
| 165 | $62,451.01 | $232.15 | $0.00 | $353.11 | $63,036.27 |
| 166 | $63,036.27 | $232.15 | $0.00 | $356.42 | $63,624.84 |
| 167 | $63,624.84 | $232.15 | $0.00 | $359.74 | $64,216.73 |
| 168 | $64,216.73 | $232.15 | $0.00 | $363.09 | $64,811.97 |
| 169 | $64,811.97 | $232.15 | $0.00 | $366.46 | $65,410.58 |
| 170 | $65,410.58 | $232.15 | $0.00 | $369.84 | $66,012.57 |
| 171 | $66,012.57 | $232.15 | $0.00 | $373.24 | $66,617.96 |
| 172 | $66,617.96 | $232.15 | $0.00 | $376.67 | $67,226.78 |
| 173 | $67,226.78 | $232.15 | $0.00 | $380.11 | $67,839.04 |
| 174 | $67,839.04 | $232.15 | $0.00 | $383.57 | $68,454.76 |
| 175 | $68,454.76 | $232.15 | $0.00 | $387.05 | $69,073.96 |
| 176 | $69,073.96 | $232.15 | $0.00 | $390.55 | $69,696.66 |
| 177 | $69,696.66 | $232.15 | $0.00 | $394.08 | $70,322.89 |
| 178 | $70,322.89 | $232.15 | $0.00 | $397.62 | $70,952.66 |
| 179 | $70,952.66 | $232.15 | $0.00 | $401.18 | $71,585.99 |
| 180 | $71,585.99 | $232.15 | $0.00 | $404.76 | $72,222.90 |
| 181 | $72,222.90 | $232.15 | $0.00 | $408.36 | $72,863.41 |
| 182 | $72,863.41 | $232.15 | $0.00 | $411.98 | $73,507.54 |
| 183 | $73,507.54 | $232.15 | $0.00 | $415.62 | $74,155.31 |
| 184 | $74,155.31 | $232.15 | $0.00 | $419.28 | $74,806.74 |
| 185 | $74,806.74 | $232.15 | $0.00 | $422.97 | $75,461.86 |
| 186 | $75,461.86 | $232.15 | $0.00 | $426.67 | $76,120.68 |
| 187 | $76,120.68 | $232.15 | $0.00 | $430.40 | $76,783.23 |
| 188 | $76,783.23 | $232.15 | $0.00 | $434.14 | $77,449.52 |
| 189 | $77,449.52 | $232.15 | $0.00 | $437.91 | $78,119.58 |
| 190 | $78,119.58 | $232.15 | $0.00 | $441.70 | $78,793.43 |
| 191 | $78,793.43 | $232.15 | $0.00 | $445.51 | $79,471.09 |
| 192 | $79,471.09 | $232.15 | $0.00 | $449.34 | $80,152.58 |
| 193 | $80,152.58 | $232.15 | $0.00 | $453.19 | $80,837.92 |
| 194 | $80,837.92 | $232.15 | $0.00 | $457.07 | $81,527.14 |
| 195 | $81,527.14 | $232.15 | $0.00 | $460.97 | $82,220.26 |
| 196 | $82,220.26 | $232.15 | $0.00 | $464.89 | $82,917.30 |
| 197 | $82,917.30 | $232.15 | $0.00 | $468.83 | $83,618.28 |
| 198 | $83,618.28 | $232.15 | $0.00 | $472.79 | $84,323.22 |
| 199 | $84,323.22 | $232.15 | $0.00 | $476.78 | $85,032.15 |
| 200 | $85,032.15 | $232.15 | $0.00 | $480.78 | $85,745.08 |
| 201 | $85,745.08 | $232.15 | $0.00 | $484.82 | $86,462.05 |
| 202 | $86,462.05 | $232.15 | $0.00 | $488.87 | $87,183.07 |
| 203 | $87,183.07 | $232.15 | $0.00 | $492.95 | $87,908.17 |
| 204 | $87,908.17 | $232.15 | $0.00 | $497.05 | $88,637.37 |
| 205 | $88,637.37 | $232.15 | $0.00 | $501.17 | $89,370.69 |
| 206 | $89,370.69 | $232.15 | $0.00 | $505.31 | $90,108.15 |
| 207 | $90,108.15 | $232.15 | $0.00 | $509.48 | $90,849.78 |
| 208 | $90,849.78 | $232.15 | $0.00 | $513.68 | $91,595.61 |
| 209 | $91,595.61 | $232.15 | $0.00 | $517.89 | $92,345.65 |
| 210 | $92,345.65 | $232.15 | $0.00 | $522.14 | $93,099.94 |
| 211 | $93,099.94 | $232.15 | $0.00 | $526.40 | $93,858.49 |
| 212 | $93,858.49 | $232.15 | $0.00 | $530.69 | $94,621.33 |
| 213 | $94,621.33 | $232.15 | $0.00 | $535.00 | $95,388.48 |
| 214 | $95,388.48 | $232.15 | $0.00 | $539.34 | $96,159.97 |
| 215 | $96,159.97 | $232.15 | $0.00 | $543.70 | $96,935.82 |
| 216 | $96,935.82 | $232.15 | $0.00 | $548.09 | $97,716.06 |
| 217 | $97,716.06 | $232.15 | $50,960.16 | $552.50 | $47,540.55 |
| 218 | $47,540.55 | $232.15 | $0.00 | $268.80 | $48,041.50 |
| 219 | $48,041.50 | $232.15 | $0.00 | $271.63 | $48,545.28 |
| 220 | $48,545.28 | $232.15 | $0.00 | $274.48 | $49,051.91 |
| 221 | $49,051.91 | $232.15 | $0.00 | $277.35 | $49,561.41 |
| 222 | $49,561.41 | $232.15 | $0.00 | $280.23 | $50,073.79 |
| 223 | $50,073.79 | $232.15 | $0.00 | $283.12 | $50,589.06 |
| 224 | $50,589.06 | $232.15 | $0.00 | $286.04 | $51,107.25 |
| 225 | $51,107.25 | $232.15 | $0.00 | $288.97 | $51,628.37 |
| 226 | $51,628.37 | $232.15 | $0.00 | $291.91 | $52,152.43 |
| 227 | $52,152.43 | $232.15 | $0.00 | $294.88 | $52,679.46 |
| 228 | $52,679.46 | $232.15 | $0.00 | $297.86 | $53,209.47 |
| 229 | $53,209.47 | $0.00 | $53,508.17 | $300.85 | $2.15 |