How much will it cost and what do you need to save?
| Estimated Annual Cost in 2041 | $49,518 |
| Monthly savings required | $220 |
How much will it cost to send your child to Inver Hills Community College in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $99,036.47 for students enrolling in 2041 if tuition increases average 5% per year until then. Assuming you have no current college savings, monthly deposits of $220.08 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 | $20,074.00 |
| 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 Inver Hills Community College in the future.
| Month | Begin | Deposit | Withdraw | Interest | End |
|---|---|---|---|---|---|
| 1 | $0.00 | $220.08 | $0.00 | $0.00 | $220.08 |
| 2 | $220.08 | $220.08 | $0.00 | $1.24 | $441.40 |
| 3 | $441.40 | $220.08 | $0.00 | $2.50 | $663.98 |
| 4 | $663.98 | $220.08 | $0.00 | $3.75 | $887.81 |
| 5 | $887.81 | $220.08 | $0.00 | $5.02 | $1,112.91 |
| 6 | $1,112.91 | $220.08 | $0.00 | $6.29 | $1,339.28 |
| 7 | $1,339.28 | $220.08 | $0.00 | $7.57 | $1,566.93 |
| 8 | $1,566.93 | $220.08 | $0.00 | $8.86 | $1,795.87 |
| 9 | $1,795.87 | $220.08 | $0.00 | $10.15 | $2,026.10 |
| 10 | $2,026.10 | $220.08 | $0.00 | $11.46 | $2,257.64 |
| 11 | $2,257.64 | $220.08 | $0.00 | $12.77 | $2,490.49 |
| 12 | $2,490.49 | $220.08 | $0.00 | $14.08 | $2,724.65 |
| 13 | $2,724.65 | $220.08 | $0.00 | $15.41 | $2,960.14 |
| 14 | $2,960.14 | $220.08 | $0.00 | $16.74 | $3,196.96 |
| 15 | $3,196.96 | $220.08 | $0.00 | $18.08 | $3,435.12 |
| 16 | $3,435.12 | $220.08 | $0.00 | $19.42 | $3,674.62 |
| 17 | $3,674.62 | $220.08 | $0.00 | $20.78 | $3,915.48 |
| 18 | $3,915.48 | $220.08 | $0.00 | $22.14 | $4,157.70 |
| 19 | $4,157.70 | $220.08 | $0.00 | $23.51 | $4,401.29 |
| 20 | $4,401.29 | $220.08 | $0.00 | $24.89 | $4,646.26 |
| 21 | $4,646.26 | $220.08 | $0.00 | $26.27 | $4,892.61 |
| 22 | $4,892.61 | $220.08 | $0.00 | $27.66 | $5,140.35 |
| 23 | $5,140.35 | $220.08 | $0.00 | $29.06 | $5,389.49 |
| 24 | $5,389.49 | $220.08 | $0.00 | $30.47 | $5,640.04 |
| 25 | $5,640.04 | $220.08 | $0.00 | $31.89 | $5,892.01 |
| 26 | $5,892.01 | $220.08 | $0.00 | $33.31 | $6,145.40 |
| 27 | $6,145.40 | $220.08 | $0.00 | $34.75 | $6,400.23 |
| 28 | $6,400.23 | $220.08 | $0.00 | $36.19 | $6,656.50 |
| 29 | $6,656.50 | $220.08 | $0.00 | $37.64 | $6,914.22 |
| 30 | $6,914.22 | $220.08 | $0.00 | $39.09 | $7,173.39 |
| 31 | $7,173.39 | $220.08 | $0.00 | $40.56 | $7,434.03 |
| 32 | $7,434.03 | $220.08 | $0.00 | $42.03 | $7,696.14 |
| 33 | $7,696.14 | $220.08 | $0.00 | $43.52 | $7,959.74 |
| 34 | $7,959.74 | $220.08 | $0.00 | $45.01 | $8,224.83 |
| 35 | $8,224.83 | $220.08 | $0.00 | $46.50 | $8,491.41 |
| 36 | $8,491.41 | $220.08 | $0.00 | $48.01 | $8,759.50 |
| 37 | $8,759.50 | $220.08 | $0.00 | $49.53 | $9,029.11 |
| 38 | $9,029.11 | $220.08 | $0.00 | $51.05 | $9,300.24 |
| 39 | $9,300.24 | $220.08 | $0.00 | $52.58 | $9,572.90 |
| 40 | $9,572.90 | $220.08 | $0.00 | $54.13 | $9,847.11 |
| 41 | $9,847.11 | $220.08 | $0.00 | $55.68 | $10,122.87 |
| 42 | $10,122.87 | $220.08 | $0.00 | $57.24 | $10,400.19 |
| 43 | $10,400.19 | $220.08 | $0.00 | $58.80 | $10,679.07 |
| 44 | $10,679.07 | $220.08 | $0.00 | $60.38 | $10,959.53 |
| 45 | $10,959.53 | $220.08 | $0.00 | $61.97 | $11,241.58 |
| 46 | $11,241.58 | $220.08 | $0.00 | $63.56 | $11,525.22 |
| 47 | $11,525.22 | $220.08 | $0.00 | $65.17 | $11,810.47 |
| 48 | $11,810.47 | $220.08 | $0.00 | $66.78 | $12,097.33 |
| 49 | $12,097.33 | $220.08 | $0.00 | $68.40 | $12,385.81 |
| 50 | $12,385.81 | $220.08 | $0.00 | $70.03 | $12,675.92 |
| 51 | $12,675.92 | $220.08 | $0.00 | $71.67 | $12,967.67 |
| 52 | $12,967.67 | $220.08 | $0.00 | $73.32 | $13,261.07 |
| 53 | $13,261.07 | $220.08 | $0.00 | $74.98 | $13,556.13 |
| 54 | $13,556.13 | $220.08 | $0.00 | $76.65 | $13,852.86 |
| 55 | $13,852.86 | $220.08 | $0.00 | $78.33 | $14,151.27 |
| 56 | $14,151.27 | $220.08 | $0.00 | $80.01 | $14,451.36 |
| 57 | $14,451.36 | $220.08 | $0.00 | $81.71 | $14,753.15 |
| 58 | $14,753.15 | $220.08 | $0.00 | $83.42 | $15,056.65 |
| 59 | $15,056.65 | $220.08 | $0.00 | $85.13 | $15,361.86 |
| 60 | $15,361.86 | $220.08 | $0.00 | $86.86 | $15,668.80 |
| 61 | $15,668.80 | $220.08 | $0.00 | $88.59 | $15,977.47 |
| 62 | $15,977.47 | $220.08 | $0.00 | $90.34 | $16,287.89 |
| 63 | $16,287.89 | $220.08 | $0.00 | $92.09 | $16,600.06 |
| 64 | $16,600.06 | $220.08 | $0.00 | $93.86 | $16,914.00 |
| 65 | $16,914.00 | $220.08 | $0.00 | $95.63 | $17,229.71 |
| 66 | $17,229.71 | $220.08 | $0.00 | $97.42 | $17,547.21 |
| 67 | $17,547.21 | $220.08 | $0.00 | $99.21 | $17,866.50 |
| 68 | $17,866.50 | $220.08 | $0.00 | $101.02 | $18,187.60 |
| 69 | $18,187.60 | $220.08 | $0.00 | $102.84 | $18,510.52 |
| 70 | $18,510.52 | $220.08 | $0.00 | $104.66 | $18,835.26 |
| 71 | $18,835.26 | $220.08 | $0.00 | $106.50 | $19,161.84 |
| 72 | $19,161.84 | $220.08 | $0.00 | $108.34 | $19,490.26 |
| 73 | $19,490.26 | $220.08 | $0.00 | $110.20 | $19,820.54 |
| 74 | $19,820.54 | $220.08 | $0.00 | $112.07 | $20,152.69 |
| 75 | $20,152.69 | $220.08 | $0.00 | $113.95 | $20,486.72 |
| 76 | $20,486.72 | $220.08 | $0.00 | $115.83 | $20,822.63 |
| 77 | $20,822.63 | $220.08 | $0.00 | $117.73 | $21,160.44 |
| 78 | $21,160.44 | $220.08 | $0.00 | $119.64 | $21,500.16 |
| 79 | $21,500.16 | $220.08 | $0.00 | $121.57 | $21,841.81 |
| 80 | $21,841.81 | $220.08 | $0.00 | $123.50 | $22,185.39 |
| 81 | $22,185.39 | $220.08 | $0.00 | $125.44 | $22,530.91 |
| 82 | $22,530.91 | $220.08 | $0.00 | $127.39 | $22,878.38 |
| 83 | $22,878.38 | $220.08 | $0.00 | $129.36 | $23,227.82 |
| 84 | $23,227.82 | $220.08 | $0.00 | $131.33 | $23,579.23 |
| 85 | $23,579.23 | $220.08 | $0.00 | $133.32 | $23,932.63 |
| 86 | $23,932.63 | $220.08 | $0.00 | $135.32 | $24,288.03 |
| 87 | $24,288.03 | $220.08 | $0.00 | $137.33 | $24,645.44 |
| 88 | $24,645.44 | $220.08 | $0.00 | $139.35 | $25,004.87 |
| 89 | $25,004.87 | $220.08 | $0.00 | $141.38 | $25,366.33 |
| 90 | $25,366.33 | $220.08 | $0.00 | $143.42 | $25,729.83 |
| 91 | $25,729.83 | $220.08 | $0.00 | $145.48 | $26,095.39 |
| 92 | $26,095.39 | $220.08 | $0.00 | $147.55 | $26,463.02 |
| 93 | $26,463.02 | $220.08 | $0.00 | $149.63 | $26,832.73 |
| 94 | $26,832.73 | $220.08 | $0.00 | $151.72 | $27,204.53 |
| 95 | $27,204.53 | $220.08 | $0.00 | $153.82 | $27,578.43 |
| 96 | $27,578.43 | $220.08 | $0.00 | $155.93 | $27,954.44 |
| 97 | $27,954.44 | $220.08 | $0.00 | $158.06 | $28,332.58 |
| 98 | $28,332.58 | $220.08 | $0.00 | $160.20 | $28,712.86 |
| 99 | $28,712.86 | $220.08 | $0.00 | $162.35 | $29,095.29 |
| 100 | $29,095.29 | $220.08 | $0.00 | $164.51 | $29,479.88 |
| 101 | $29,479.88 | $220.08 | $0.00 | $166.68 | $29,866.64 |
| 102 | $29,866.64 | $220.08 | $0.00 | $168.87 | $30,255.59 |
| 103 | $30,255.59 | $220.08 | $0.00 | $171.07 | $30,646.74 |
| 104 | $30,646.74 | $220.08 | $0.00 | $173.28 | $31,040.10 |
| 105 | $31,040.10 | $220.08 | $0.00 | $175.51 | $31,435.69 |
| 106 | $31,435.69 | $220.08 | $0.00 | $177.74 | $31,833.51 |
| 107 | $31,833.51 | $220.08 | $0.00 | $179.99 | $32,233.58 |
| 108 | $32,233.58 | $220.08 | $0.00 | $182.25 | $32,635.91 |
| 109 | $32,635.91 | $220.08 | $0.00 | $184.53 | $33,040.52 |
| 110 | $33,040.52 | $220.08 | $0.00 | $186.82 | $33,447.42 |
| 111 | $33,447.42 | $220.08 | $0.00 | $189.12 | $33,856.62 |
| 112 | $33,856.62 | $220.08 | $0.00 | $191.43 | $34,268.13 |
| 113 | $34,268.13 | $220.08 | $0.00 | $193.76 | $34,681.97 |
| 114 | $34,681.97 | $220.08 | $0.00 | $196.10 | $35,098.15 |
| 115 | $35,098.15 | $220.08 | $0.00 | $198.45 | $35,516.68 |
| 116 | $35,516.68 | $220.08 | $0.00 | $200.82 | $35,937.58 |
| 117 | $35,937.58 | $220.08 | $0.00 | $203.20 | $36,360.86 |
| 118 | $36,360.86 | $220.08 | $0.00 | $205.59 | $36,786.53 |
| 119 | $36,786.53 | $220.08 | $0.00 | $208.00 | $37,214.61 |
| 120 | $37,214.61 | $220.08 | $0.00 | $210.42 | $37,645.11 |
| 121 | $37,645.11 | $220.08 | $0.00 | $212.85 | $38,078.04 |
| 122 | $38,078.04 | $220.08 | $0.00 | $215.30 | $38,513.42 |
| 123 | $38,513.42 | $220.08 | $0.00 | $217.76 | $38,951.26 |
| 124 | $38,951.26 | $220.08 | $0.00 | $220.24 | $39,391.58 |
| 125 | $39,391.58 | $220.08 | $0.00 | $222.73 | $39,834.39 |
| 126 | $39,834.39 | $220.08 | $0.00 | $225.23 | $40,279.70 |
| 127 | $40,279.70 | $220.08 | $0.00 | $227.75 | $40,727.53 |
| 128 | $40,727.53 | $220.08 | $0.00 | $230.28 | $41,177.89 |
| 129 | $41,177.89 | $220.08 | $0.00 | $232.83 | $41,630.80 |
| 130 | $41,630.80 | $220.08 | $0.00 | $235.39 | $42,086.27 |
| 131 | $42,086.27 | $220.08 | $0.00 | $237.96 | $42,544.31 |
| 132 | $42,544.31 | $220.08 | $0.00 | $240.55 | $43,004.94 |
| 133 | $43,004.94 | $220.08 | $0.00 | $243.16 | $43,468.18 |
| 134 | $43,468.18 | $220.08 | $0.00 | $245.78 | $43,934.04 |
| 135 | $43,934.04 | $220.08 | $0.00 | $248.41 | $44,402.53 |
| 136 | $44,402.53 | $220.08 | $0.00 | $251.06 | $44,873.67 |
| 137 | $44,873.67 | $220.08 | $0.00 | $253.72 | $45,347.47 |
| 138 | $45,347.47 | $220.08 | $0.00 | $256.40 | $45,823.95 |
| 139 | $45,823.95 | $220.08 | $0.00 | $259.10 | $46,303.13 |
| 140 | $46,303.13 | $220.08 | $0.00 | $261.80 | $46,785.01 |
| 141 | $46,785.01 | $220.08 | $0.00 | $264.53 | $47,269.62 |
| 142 | $47,269.62 | $220.08 | $0.00 | $267.27 | $47,756.97 |
| 143 | $47,756.97 | $220.08 | $0.00 | $270.02 | $48,247.07 |
| 144 | $48,247.07 | $220.08 | $0.00 | $272.80 | $48,739.95 |
| 145 | $48,739.95 | $220.08 | $0.00 | $275.58 | $49,235.61 |
| 146 | $49,235.61 | $220.08 | $0.00 | $278.39 | $49,734.08 |
| 147 | $49,734.08 | $220.08 | $0.00 | $281.20 | $50,235.36 |
| 148 | $50,235.36 | $220.08 | $0.00 | $284.04 | $50,739.48 |
| 149 | $50,739.48 | $220.08 | $0.00 | $286.89 | $51,246.45 |
| 150 | $51,246.45 | $220.08 | $0.00 | $289.75 | $51,756.28 |
| 151 | $51,756.28 | $220.08 | $0.00 | $292.64 | $52,269.00 |
| 152 | $52,269.00 | $220.08 | $0.00 | $295.54 | $52,784.62 |
| 153 | $52,784.62 | $220.08 | $0.00 | $298.45 | $53,303.15 |
| 154 | $53,303.15 | $220.08 | $0.00 | $301.38 | $53,824.61 |
| 155 | $53,824.61 | $220.08 | $0.00 | $304.33 | $54,349.02 |
| 156 | $54,349.02 | $220.08 | $0.00 | $307.30 | $54,876.40 |
| 157 | $54,876.40 | $220.08 | $0.00 | $310.28 | $55,406.76 |
| 158 | $55,406.76 | $220.08 | $0.00 | $313.28 | $55,940.12 |
| 159 | $55,940.12 | $220.08 | $0.00 | $316.29 | $56,476.49 |
| 160 | $56,476.49 | $220.08 | $0.00 | $319.33 | $57,015.90 |
| 161 | $57,015.90 | $220.08 | $0.00 | $322.38 | $57,558.36 |
| 162 | $57,558.36 | $220.08 | $0.00 | $325.44 | $58,103.88 |
| 163 | $58,103.88 | $220.08 | $0.00 | $328.53 | $58,652.49 |
| 164 | $58,652.49 | $220.08 | $0.00 | $331.63 | $59,204.20 |
| 165 | $59,204.20 | $220.08 | $0.00 | $334.75 | $59,759.03 |
| 166 | $59,759.03 | $220.08 | $0.00 | $337.89 | $60,317.00 |
| 167 | $60,317.00 | $220.08 | $0.00 | $341.04 | $60,878.12 |
| 168 | $60,878.12 | $220.08 | $0.00 | $344.21 | $61,442.41 |
| 169 | $61,442.41 | $220.08 | $0.00 | $347.40 | $62,009.89 |
| 170 | $62,009.89 | $220.08 | $0.00 | $350.61 | $62,580.58 |
| 171 | $62,580.58 | $220.08 | $0.00 | $353.84 | $63,154.50 |
| 172 | $63,154.50 | $220.08 | $0.00 | $357.08 | $63,731.66 |
| 173 | $63,731.66 | $220.08 | $0.00 | $360.35 | $64,312.09 |
| 174 | $64,312.09 | $220.08 | $0.00 | $363.63 | $64,895.80 |
| 175 | $64,895.80 | $220.08 | $0.00 | $366.93 | $65,482.81 |
| 176 | $65,482.81 | $220.08 | $0.00 | $370.25 | $66,073.14 |
| 177 | $66,073.14 | $220.08 | $0.00 | $373.59 | $66,666.81 |
| 178 | $66,666.81 | $220.08 | $0.00 | $376.94 | $67,263.83 |
| 179 | $67,263.83 | $220.08 | $0.00 | $380.32 | $67,864.23 |
| 180 | $67,864.23 | $220.08 | $0.00 | $383.71 | $68,468.02 |
| 181 | $68,468.02 | $220.08 | $0.00 | $387.13 | $69,075.23 |
| 182 | $69,075.23 | $220.08 | $0.00 | $390.56 | $69,685.87 |
| 183 | $69,685.87 | $220.08 | $0.00 | $394.01 | $70,299.96 |
| 184 | $70,299.96 | $220.08 | $0.00 | $397.49 | $70,917.53 |
| 185 | $70,917.53 | $220.08 | $0.00 | $400.98 | $71,538.59 |
| 186 | $71,538.59 | $220.08 | $0.00 | $404.49 | $72,163.16 |
| 187 | $72,163.16 | $220.08 | $0.00 | $408.02 | $72,791.26 |
| 188 | $72,791.26 | $220.08 | $0.00 | $411.57 | $73,422.91 |
| 189 | $73,422.91 | $220.08 | $0.00 | $415.14 | $74,058.13 |
| 190 | $74,058.13 | $220.08 | $0.00 | $418.74 | $74,696.95 |
| 191 | $74,696.95 | $220.08 | $0.00 | $422.35 | $75,339.38 |
| 192 | $75,339.38 | $220.08 | $0.00 | $425.98 | $75,985.44 |
| 193 | $75,985.44 | $220.08 | $0.00 | $429.63 | $76,635.15 |
| 194 | $76,635.15 | $220.08 | $0.00 | $433.31 | $77,288.54 |
| 195 | $77,288.54 | $220.08 | $0.00 | $437.00 | $77,945.62 |
| 196 | $77,945.62 | $220.08 | $0.00 | $440.72 | $78,606.42 |
| 197 | $78,606.42 | $220.08 | $0.00 | $444.45 | $79,270.95 |
| 198 | $79,270.95 | $220.08 | $0.00 | $448.21 | $79,939.24 |
| 199 | $79,939.24 | $220.08 | $0.00 | $451.99 | $80,611.31 |
| 200 | $80,611.31 | $220.08 | $0.00 | $455.79 | $81,287.18 |
| 201 | $81,287.18 | $220.08 | $0.00 | $459.61 | $81,966.87 |
| 202 | $81,966.87 | $220.08 | $0.00 | $463.45 | $82,650.40 |
| 203 | $82,650.40 | $220.08 | $0.00 | $467.32 | $83,337.80 |
| 204 | $83,337.80 | $220.08 | $0.00 | $471.20 | $84,029.08 |
| 205 | $84,029.08 | $220.08 | $0.00 | $475.11 | $84,724.27 |
| 206 | $84,724.27 | $220.08 | $0.00 | $479.04 | $85,423.39 |
| 207 | $85,423.39 | $220.08 | $0.00 | $483.00 | $86,126.47 |
| 208 | $86,126.47 | $220.08 | $0.00 | $486.97 | $86,833.52 |
| 209 | $86,833.52 | $220.08 | $0.00 | $490.97 | $87,544.57 |
| 210 | $87,544.57 | $220.08 | $0.00 | $494.99 | $88,259.64 |
| 211 | $88,259.64 | $220.08 | $0.00 | $499.03 | $88,978.75 |
| 212 | $88,978.75 | $220.08 | $0.00 | $503.10 | $89,701.93 |
| 213 | $89,701.93 | $220.08 | $0.00 | $507.19 | $90,429.20 |
| 214 | $90,429.20 | $220.08 | $0.00 | $511.30 | $91,160.58 |
| 215 | $91,160.58 | $220.08 | $0.00 | $515.44 | $91,896.10 |
| 216 | $91,896.10 | $220.08 | $0.00 | $519.59 | $92,635.77 |
| 217 | $92,635.77 | $220.08 | $48,310.47 | $523.78 | $45,069.16 |
| 218 | $45,069.16 | $220.08 | $0.00 | $254.83 | $45,544.07 |
| 219 | $45,544.07 | $220.08 | $0.00 | $257.51 | $46,021.66 |
| 220 | $46,021.66 | $220.08 | $0.00 | $260.21 | $46,501.95 |
| 221 | $46,501.95 | $220.08 | $0.00 | $262.93 | $46,984.96 |
| 222 | $46,984.96 | $220.08 | $0.00 | $265.66 | $47,470.70 |
| 223 | $47,470.70 | $220.08 | $0.00 | $268.41 | $47,959.19 |
| 224 | $47,959.19 | $220.08 | $0.00 | $271.17 | $48,450.44 |
| 225 | $48,450.44 | $220.08 | $0.00 | $273.95 | $48,944.47 |
| 226 | $48,944.47 | $220.08 | $0.00 | $276.74 | $49,441.29 |
| 227 | $49,441.29 | $220.08 | $0.00 | $279.55 | $49,940.92 |
| 228 | $49,940.92 | $220.08 | $0.00 | $282.37 | $50,443.37 |
| 229 | $50,443.37 | $0.00 | $50,726.00 | $285.21 | $2.58 |