Savings Plan and Future Cost Estimation for Minnesota State College Southeast Technical

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$144,477
Monthly savings required$642

How much will it cost to send your child to Minnesota State College Southeast Technical in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $288,953.79 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $641.90 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$41,300.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $641.90 $0.00 $0.00 $641.90
2 $641.90 $641.90 $0.00 $3.63 $1,287.43
3 $1,287.43 $641.90 $0.00 $7.28 $1,936.61
4 $1,936.61 $641.90 $0.00 $10.95 $2,589.46
5 $2,589.46 $641.90 $0.00 $14.64 $3,246.00
6 $3,246.00 $641.90 $0.00 $18.35 $3,906.25
7 $3,906.25 $641.90 $0.00 $22.09 $4,570.24
8 $4,570.24 $641.90 $0.00 $25.84 $5,237.98
9 $5,237.98 $641.90 $0.00 $29.62 $5,909.50
10 $5,909.50 $641.90 $0.00 $33.41 $6,584.81
11 $6,584.81 $641.90 $0.00 $37.23 $7,263.94
12 $7,263.94 $641.90 $0.00 $41.07 $7,946.91
13 $7,946.91 $641.90 $0.00 $44.93 $8,633.74
14 $8,633.74 $641.90 $0.00 $48.82 $9,324.46
15 $9,324.46 $641.90 $0.00 $52.72 $10,019.08
16 $10,019.08 $641.90 $0.00 $56.65 $10,717.63
17 $10,717.63 $641.90 $0.00 $60.60 $11,420.13
18 $11,420.13 $641.90 $0.00 $64.57 $12,126.60
19 $12,126.60 $641.90 $0.00 $68.57 $12,837.07
20 $12,837.07 $641.90 $0.00 $72.58 $13,551.55
21 $13,551.55 $641.90 $0.00 $76.62 $14,270.07
22 $14,270.07 $641.90 $0.00 $80.69 $14,992.66
23 $14,992.66 $641.90 $0.00 $84.77 $15,719.33
24 $15,719.33 $641.90 $0.00 $88.88 $16,450.11
25 $16,450.11 $641.90 $0.00 $93.01 $17,185.02
26 $17,185.02 $641.90 $0.00 $97.17 $17,924.09
27 $17,924.09 $641.90 $0.00 $101.35 $18,667.34
28 $18,667.34 $641.90 $0.00 $105.55 $19,414.79
29 $19,414.79 $641.90 $0.00 $109.77 $20,166.46
30 $20,166.46 $641.90 $0.00 $114.02 $20,922.38
31 $20,922.38 $641.90 $0.00 $118.30 $21,682.58
32 $21,682.58 $641.90 $0.00 $122.60 $22,447.08
33 $22,447.08 $641.90 $0.00 $126.92 $23,215.90
34 $23,215.90 $641.90 $0.00 $131.27 $23,989.07
35 $23,989.07 $641.90 $0.00 $135.64 $24,766.61
36 $24,766.61 $641.90 $0.00 $140.03 $25,548.54
37 $25,548.54 $641.90 $0.00 $144.46 $26,334.90
38 $26,334.90 $641.90 $0.00 $148.90 $27,125.70
39 $27,125.70 $641.90 $0.00 $153.37 $27,920.97
40 $27,920.97 $641.90 $0.00 $157.87 $28,720.74
41 $28,720.74 $641.90 $0.00 $162.39 $29,525.03
42 $29,525.03 $641.90 $0.00 $166.94 $30,333.87
43 $30,333.87 $641.90 $0.00 $171.51 $31,147.28
44 $31,147.28 $641.90 $0.00 $176.11 $31,965.29
45 $31,965.29 $641.90 $0.00 $180.74 $32,787.93
46 $32,787.93 $641.90 $0.00 $185.39 $33,615.22
47 $33,615.22 $641.90 $0.00 $190.07 $34,447.19
48 $34,447.19 $641.90 $0.00 $194.77 $35,283.86
49 $35,283.86 $641.90 $0.00 $199.50 $36,125.26
50 $36,125.26 $641.90 $0.00 $204.26 $36,971.42
51 $36,971.42 $641.90 $0.00 $209.04 $37,822.36
52 $37,822.36 $641.90 $0.00 $213.85 $38,678.11
53 $38,678.11 $641.90 $0.00 $218.69 $39,538.70
54 $39,538.70 $641.90 $0.00 $223.56 $40,404.16
55 $40,404.16 $641.90 $0.00 $228.45 $41,274.51
56 $41,274.51 $641.90 $0.00 $233.37 $42,149.78
57 $42,149.78 $641.90 $0.00 $238.32 $43,030.00
58 $43,030.00 $641.90 $0.00 $243.30 $43,915.20
59 $43,915.20 $641.90 $0.00 $248.30 $44,805.40
60 $44,805.40 $641.90 $0.00 $253.34 $45,700.64
61 $45,700.64 $641.90 $0.00 $258.40 $46,600.94
62 $46,600.94 $641.90 $0.00 $263.49 $47,506.33
63 $47,506.33 $641.90 $0.00 $268.61 $48,416.84
64 $48,416.84 $641.90 $0.00 $273.76 $49,332.50
65 $49,332.50 $641.90 $0.00 $278.93 $50,253.33
66 $50,253.33 $641.90 $0.00 $284.14 $51,179.37
67 $51,179.37 $641.90 $0.00 $289.38 $52,110.65
68 $52,110.65 $641.90 $0.00 $294.64 $53,047.19
69 $53,047.19 $641.90 $0.00 $299.94 $53,989.03
70 $53,989.03 $641.90 $0.00 $305.26 $54,936.19
71 $54,936.19 $641.90 $0.00 $310.62 $55,888.71
72 $55,888.71 $641.90 $0.00 $316.00 $56,846.61
73 $56,846.61 $641.90 $0.00 $321.42 $57,809.93
74 $57,809.93 $641.90 $0.00 $326.87 $58,778.70
75 $58,778.70 $641.90 $0.00 $332.34 $59,752.94
76 $59,752.94 $641.90 $0.00 $337.85 $60,732.69
77 $60,732.69 $641.90 $0.00 $343.39 $61,717.98
78 $61,717.98 $641.90 $0.00 $348.96 $62,708.84
79 $62,708.84 $641.90 $0.00 $354.56 $63,705.30
80 $63,705.30 $641.90 $0.00 $360.20 $64,707.40
81 $64,707.40 $641.90 $0.00 $365.87 $65,715.17
82 $65,715.17 $641.90 $0.00 $371.56 $66,728.63
83 $66,728.63 $641.90 $0.00 $377.29 $67,747.82
84 $67,747.82 $641.90 $0.00 $383.06 $68,772.78
85 $68,772.78 $641.90 $0.00 $388.85 $69,803.53
86 $69,803.53 $641.90 $0.00 $394.68 $70,840.11
87 $70,840.11 $641.90 $0.00 $400.54 $71,882.55
88 $71,882.55 $641.90 $0.00 $406.43 $72,930.88
89 $72,930.88 $641.90 $0.00 $412.36 $73,985.14
90 $73,985.14 $641.90 $0.00 $418.32 $75,045.36
91 $75,045.36 $641.90 $0.00 $424.32 $76,111.58
92 $76,111.58 $641.90 $0.00 $430.35 $77,183.83
93 $77,183.83 $641.90 $0.00 $436.41 $78,262.14
94 $78,262.14 $641.90 $0.00 $442.51 $79,346.55
95 $79,346.55 $641.90 $0.00 $448.64 $80,437.09
96 $80,437.09 $641.90 $0.00 $454.80 $81,533.79
97 $81,533.79 $641.90 $0.00 $461.00 $82,636.69
98 $82,636.69 $641.90 $0.00 $467.24 $83,745.83
99 $83,745.83 $641.90 $0.00 $473.51 $84,861.24
100 $84,861.24 $641.90 $0.00 $479.82 $85,982.96
101 $85,982.96 $641.90 $0.00 $486.16 $87,111.02
102 $87,111.02 $641.90 $0.00 $492.54 $88,245.46
103 $88,245.46 $641.90 $0.00 $498.95 $89,386.31
104 $89,386.31 $641.90 $0.00 $505.40 $90,533.61
105 $90,533.61 $641.90 $0.00 $511.89 $91,687.40
106 $91,687.40 $641.90 $0.00 $518.41 $92,847.71
107 $92,847.71 $641.90 $0.00 $524.97 $94,014.58
108 $94,014.58 $641.90 $0.00 $531.57 $95,188.05
109 $95,188.05 $641.90 $0.00 $538.21 $96,368.16
110 $96,368.16 $641.90 $0.00 $544.88 $97,554.94
111 $97,554.94 $641.90 $0.00 $551.59 $98,748.43
112 $98,748.43 $641.90 $0.00 $558.34 $99,948.67
113 $99,948.67 $641.90 $0.00 $565.12 $101,155.69
114 $101,155.69 $641.90 $0.00 $571.95 $102,369.54
115 $102,369.54 $641.90 $0.00 $578.81 $103,590.25
116 $103,590.25 $641.90 $0.00 $585.71 $104,817.86
117 $104,817.86 $641.90 $0.00 $592.66 $106,052.42
118 $106,052.42 $641.90 $0.00 $599.64 $107,293.96
119 $107,293.96 $641.90 $0.00 $606.66 $108,542.52
120 $108,542.52 $641.90 $0.00 $613.72 $109,798.14
121 $109,798.14 $641.90 $0.00 $620.81 $111,060.85
122 $111,060.85 $641.90 $0.00 $627.95 $112,330.70
123 $112,330.70 $641.90 $0.00 $635.13 $113,607.73
124 $113,607.73 $641.90 $0.00 $642.35 $114,891.98
125 $114,891.98 $641.90 $0.00 $649.62 $116,183.50
126 $116,183.50 $641.90 $0.00 $656.92 $117,482.32
127 $117,482.32 $641.90 $0.00 $664.26 $118,788.48
128 $118,788.48 $641.90 $0.00 $671.65 $120,102.03
129 $120,102.03 $641.90 $0.00 $679.07 $121,423.00
130 $121,423.00 $641.90 $0.00 $686.54 $122,751.44
131 $122,751.44 $641.90 $0.00 $694.05 $124,087.39
132 $124,087.39 $641.90 $0.00 $701.61 $125,430.90
133 $125,430.90 $641.90 $0.00 $709.20 $126,782.00
134 $126,782.00 $641.90 $0.00 $716.84 $128,140.74
135 $128,140.74 $641.90 $0.00 $724.53 $129,507.17
136 $129,507.17 $641.90 $0.00 $732.25 $130,881.32
137 $130,881.32 $641.90 $0.00 $740.02 $132,263.24
138 $132,263.24 $641.90 $0.00 $747.84 $133,652.98
139 $133,652.98 $641.90 $0.00 $755.69 $135,050.57
140 $135,050.57 $641.90 $0.00 $763.60 $136,456.07
141 $136,456.07 $641.90 $0.00 $771.54 $137,869.51
142 $137,869.51 $641.90 $0.00 $779.53 $139,290.94
143 $139,290.94 $641.90 $0.00 $787.57 $140,720.41
144 $140,720.41 $641.90 $0.00 $795.65 $142,157.96
145 $142,157.96 $641.90 $0.00 $803.78 $143,603.64
146 $143,603.64 $641.90 $0.00 $811.96 $145,057.50
147 $145,057.50 $641.90 $0.00 $820.18 $146,519.58
148 $146,519.58 $641.90 $0.00 $828.44 $147,989.92
149 $147,989.92 $641.90 $0.00 $836.76 $149,468.58
150 $149,468.58 $641.90 $0.00 $845.12 $150,955.60
151 $150,955.60 $641.90 $0.00 $853.52 $152,451.02
152 $152,451.02 $641.90 $0.00 $861.98 $153,954.90
153 $153,954.90 $641.90 $0.00 $870.48 $155,467.28
154 $155,467.28 $641.90 $0.00 $879.03 $156,988.21
155 $156,988.21 $641.90 $0.00 $887.63 $158,517.74
156 $158,517.74 $641.90 $0.00 $896.28 $160,055.92
157 $160,055.92 $641.90 $0.00 $904.98 $161,602.80
158 $161,602.80 $641.90 $0.00 $913.73 $163,158.43
159 $163,158.43 $641.90 $0.00 $922.52 $164,722.85
160 $164,722.85 $641.90 $0.00 $931.37 $166,296.12
161 $166,296.12 $641.90 $0.00 $940.26 $167,878.28
162 $167,878.28 $641.90 $0.00 $949.21 $169,469.39
163 $169,469.39 $641.90 $0.00 $958.20 $171,069.49
164 $171,069.49 $641.90 $0.00 $967.25 $172,678.64
165 $172,678.64 $641.90 $0.00 $976.35 $174,296.89
166 $174,296.89 $641.90 $0.00 $985.50 $175,924.29
167 $175,924.29 $641.90 $0.00 $994.70 $177,560.89
168 $177,560.89 $641.90 $0.00 $1,003.96 $179,206.75
169 $179,206.75 $641.90 $0.00 $1,013.26 $180,861.91
170 $180,861.91 $641.90 $0.00 $1,022.62 $182,526.43
171 $182,526.43 $641.90 $0.00 $1,032.03 $184,200.36
172 $184,200.36 $641.90 $0.00 $1,041.50 $185,883.76
173 $185,883.76 $641.90 $0.00 $1,051.01 $187,576.67
174 $187,576.67 $641.90 $0.00 $1,060.59 $189,279.16
175 $189,279.16 $641.90 $0.00 $1,070.21 $190,991.27
176 $190,991.27 $641.90 $0.00 $1,079.89 $192,713.06
177 $192,713.06 $641.90 $0.00 $1,089.63 $194,444.59
178 $194,444.59 $641.90 $0.00 $1,099.42 $196,185.91
179 $196,185.91 $641.90 $0.00 $1,109.26 $197,937.07
180 $197,937.07 $641.90 $0.00 $1,119.16 $199,698.13
181 $199,698.13 $641.90 $0.00 $1,129.12 $201,469.15
182 $201,469.15 $641.90 $0.00 $1,139.14 $203,250.19
183 $203,250.19 $641.90 $0.00 $1,149.21 $205,041.30
184 $205,041.30 $641.90 $0.00 $1,159.33 $206,842.53
185 $206,842.53 $641.90 $0.00 $1,169.52 $208,653.95
186 $208,653.95 $641.90 $0.00 $1,179.76 $210,475.61
187 $210,475.61 $641.90 $0.00 $1,190.06 $212,307.57
188 $212,307.57 $641.90 $0.00 $1,200.42 $214,149.89
189 $214,149.89 $641.90 $0.00 $1,210.83 $216,002.62
190 $216,002.62 $641.90 $0.00 $1,221.31 $217,865.83
191 $217,865.83 $641.90 $0.00 $1,231.85 $219,739.58
192 $219,739.58 $641.90 $0.00 $1,242.44 $221,623.92
193 $221,623.92 $641.90 $0.00 $1,253.09 $223,518.91
194 $223,518.91 $641.90 $0.00 $1,263.81 $225,424.62
195 $225,424.62 $641.90 $0.00 $1,274.58 $227,341.10
196 $227,341.10 $641.90 $0.00 $1,285.42 $229,268.42
197 $229,268.42 $641.90 $0.00 $1,296.32 $231,206.64
198 $231,206.64 $641.90 $0.00 $1,307.28 $233,155.82
199 $233,155.82 $641.90 $0.00 $1,318.30 $235,116.02
200 $235,116.02 $641.90 $0.00 $1,329.38 $237,087.30
201 $237,087.30 $641.90 $0.00 $1,340.53 $239,069.73
202 $239,069.73 $641.90 $0.00 $1,351.74 $241,063.37
203 $241,063.37 $641.90 $0.00 $1,363.01 $243,068.28
204 $243,068.28 $641.90 $0.00 $1,374.34 $245,084.52
205 $245,084.52 $641.90 $0.00 $1,385.74 $247,112.16
206 $247,112.16 $641.90 $0.00 $1,397.21 $249,151.27
207 $249,151.27 $641.90 $0.00 $1,408.74 $251,201.91
208 $251,201.91 $641.90 $0.00 $1,420.33 $253,264.14
209 $253,264.14 $641.90 $0.00 $1,431.99 $255,338.03
210 $255,338.03 $641.90 $0.00 $1,443.72 $257,423.65
211 $257,423.65 $641.90 $0.00 $1,455.51 $259,521.06
212 $259,521.06 $641.90 $0.00 $1,467.37 $261,630.33
213 $261,630.33 $641.90 $0.00 $1,479.30 $263,751.53
214 $263,751.53 $641.90 $0.00 $1,491.29 $265,884.72
215 $265,884.72 $641.90 $0.00 $1,503.35 $268,029.97
216 $268,029.97 $641.90 $0.00 $1,515.48 $270,187.35
217 $270,187.35 $641.90 $139,591.20 $1,527.68 $132,765.73
218 $132,765.73 $641.90 $0.00 $750.68 $134,158.31
219 $134,158.31 $641.90 $0.00 $758.55 $135,558.76
220 $135,558.76 $641.90 $0.00 $766.47 $136,967.13
221 $136,967.13 $641.90 $0.00 $774.43 $138,383.46
222 $138,383.46 $641.90 $0.00 $782.44 $139,807.80
223 $139,807.80 $641.90 $0.00 $790.49 $141,240.19
224 $141,240.19 $641.90 $0.00 $798.59 $142,680.68
225 $142,680.68 $641.90 $0.00 $806.74 $144,129.32
226 $144,129.32 $641.90 $0.00 $814.93 $145,586.15
227 $145,586.15 $641.90 $0.00 $823.17 $147,051.22
228 $147,051.22 $641.90 $0.00 $831.45 $148,524.57
229 $148,524.57 $0.00 $149,362.59 $839.78 $1.76