Savings Plan and Future Cost Estimation for Minnesota State University Mankato

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$87,166
Monthly savings required$689

How much will it cost to send your child to Minnesota State University Mankato in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $348,665.82 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $688.89 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$23,234.00
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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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $688.89 $0.00 $0.00 $688.89
2 $688.89 $688.89 $0.00 $3.90 $1,381.68
3 $1,381.68 $688.89 $0.00 $7.81 $2,078.38
4 $2,078.38 $688.89 $0.00 $11.75 $2,779.02
5 $2,779.02 $688.89 $0.00 $15.71 $3,483.62
6 $3,483.62 $688.89 $0.00 $19.70 $4,192.21
7 $4,192.21 $688.89 $0.00 $23.70 $4,904.80
8 $4,904.80 $688.89 $0.00 $27.73 $5,621.42
9 $5,621.42 $688.89 $0.00 $31.78 $6,342.09
10 $6,342.09 $688.89 $0.00 $35.86 $7,066.84
11 $7,066.84 $688.89 $0.00 $39.96 $7,795.69
12 $7,795.69 $688.89 $0.00 $44.08 $8,528.66
13 $8,528.66 $688.89 $0.00 $48.22 $9,265.77
14 $9,265.77 $688.89 $0.00 $52.39 $10,007.05
15 $10,007.05 $688.89 $0.00 $56.58 $10,752.52
16 $10,752.52 $688.89 $0.00 $60.80 $11,502.21
17 $11,502.21 $688.89 $0.00 $65.04 $12,256.14
18 $12,256.14 $688.89 $0.00 $69.30 $13,014.33
19 $13,014.33 $688.89 $0.00 $73.58 $13,776.80
20 $13,776.80 $688.89 $0.00 $77.90 $14,543.59
21 $14,543.59 $688.89 $0.00 $82.23 $15,314.71
22 $15,314.71 $688.89 $0.00 $86.59 $16,090.19
23 $16,090.19 $688.89 $0.00 $90.98 $16,870.06
24 $16,870.06 $688.89 $0.00 $95.39 $17,654.34
25 $17,654.34 $688.89 $0.00 $99.82 $18,443.05
26 $18,443.05 $688.89 $0.00 $104.28 $19,236.22
27 $19,236.22 $688.89 $0.00 $108.76 $20,033.87
28 $20,033.87 $688.89 $0.00 $113.27 $20,836.03
29 $20,836.03 $688.89 $0.00 $117.81 $21,642.73
30 $21,642.73 $688.89 $0.00 $122.37 $22,453.99
31 $22,453.99 $688.89 $0.00 $126.96 $23,269.84
32 $23,269.84 $688.89 $0.00 $131.57 $24,090.30
33 $24,090.30 $688.89 $0.00 $136.21 $24,915.40
34 $24,915.40 $688.89 $0.00 $140.88 $25,745.17
35 $25,745.17 $688.89 $0.00 $145.57 $26,579.63
36 $26,579.63 $688.89 $0.00 $150.29 $27,418.81
37 $27,418.81 $688.89 $0.00 $155.03 $28,262.73
38 $28,262.73 $688.89 $0.00 $159.80 $29,111.42
39 $29,111.42 $688.89 $0.00 $164.60 $29,964.91
40 $29,964.91 $688.89 $0.00 $169.43 $30,823.23
41 $30,823.23 $688.89 $0.00 $174.28 $31,686.40
42 $31,686.40 $688.89 $0.00 $179.16 $32,554.45
43 $32,554.45 $688.89 $0.00 $184.07 $33,427.41
44 $33,427.41 $688.89 $0.00 $189.00 $34,305.30
45 $34,305.30 $688.89 $0.00 $193.97 $35,188.16
46 $35,188.16 $688.89 $0.00 $198.96 $36,076.01
47 $36,076.01 $688.89 $0.00 $203.98 $36,968.88
48 $36,968.88 $688.89 $0.00 $209.03 $37,866.80
49 $37,866.80 $688.89 $0.00 $214.10 $38,769.79
50 $38,769.79 $688.89 $0.00 $219.21 $39,677.89
51 $39,677.89 $688.89 $0.00 $224.34 $40,591.12
52 $40,591.12 $688.89 $0.00 $229.51 $41,509.52
53 $41,509.52 $688.89 $0.00 $234.70 $42,433.11
54 $42,433.11 $688.89 $0.00 $239.92 $43,361.92
55 $43,361.92 $688.89 $0.00 $245.17 $44,295.98
56 $44,295.98 $688.89 $0.00 $250.46 $45,235.33
57 $45,235.33 $688.89 $0.00 $255.77 $46,179.99
58 $46,179.99 $688.89 $0.00 $261.11 $47,129.99
59 $47,129.99 $688.89 $0.00 $266.48 $48,085.36
60 $48,085.36 $688.89 $0.00 $271.88 $49,046.13
61 $49,046.13 $688.89 $0.00 $277.31 $50,012.33
62 $50,012.33 $688.89 $0.00 $282.78 $50,984.00
63 $50,984.00 $688.89 $0.00 $288.27 $51,961.16
64 $51,961.16 $688.89 $0.00 $293.80 $52,943.85
65 $52,943.85 $688.89 $0.00 $299.35 $53,932.09
66 $53,932.09 $688.89 $0.00 $304.94 $54,925.92
67 $54,925.92 $688.89 $0.00 $310.56 $55,925.37
68 $55,925.37 $688.89 $0.00 $316.21 $56,930.47
69 $56,930.47 $688.89 $0.00 $321.89 $57,941.25
70 $57,941.25 $688.89 $0.00 $327.61 $58,957.75
71 $58,957.75 $688.89 $0.00 $333.36 $59,980.00
72 $59,980.00 $688.89 $0.00 $339.14 $61,008.03
73 $61,008.03 $688.89 $0.00 $344.95 $62,041.87
74 $62,041.87 $688.89 $0.00 $350.79 $63,081.55
75 $63,081.55 $688.89 $0.00 $356.67 $64,127.11
76 $64,127.11 $688.89 $0.00 $362.58 $65,178.58
77 $65,178.58 $688.89 $0.00 $368.53 $66,236.00
78 $66,236.00 $688.89 $0.00 $374.51 $67,299.40
79 $67,299.40 $688.89 $0.00 $380.52 $68,368.81
80 $68,368.81 $688.89 $0.00 $386.57 $69,444.27
81 $69,444.27 $688.89 $0.00 $392.65 $70,525.81
82 $70,525.81 $688.89 $0.00 $398.76 $71,613.46
83 $71,613.46 $688.89 $0.00 $404.91 $72,707.26
84 $72,707.26 $688.89 $0.00 $411.10 $73,807.25
85 $73,807.25 $688.89 $0.00 $417.32 $74,913.46
86 $74,913.46 $688.89 $0.00 $423.57 $76,025.92
87 $76,025.92 $688.89 $0.00 $429.86 $77,144.67
88 $77,144.67 $688.89 $0.00 $436.19 $78,269.75
89 $78,269.75 $688.89 $0.00 $442.55 $79,401.19
90 $79,401.19 $688.89 $0.00 $448.95 $80,539.03
91 $80,539.03 $688.89 $0.00 $455.38 $81,683.30
92 $81,683.30 $688.89 $0.00 $461.85 $82,834.04
93 $82,834.04 $688.89 $0.00 $468.36 $83,991.29
94 $83,991.29 $688.89 $0.00 $474.90 $85,155.08
95 $85,155.08 $688.89 $0.00 $481.48 $86,325.45
96 $86,325.45 $688.89 $0.00 $488.10 $87,502.44
97 $87,502.44 $688.89 $0.00 $494.75 $88,686.08
98 $88,686.08 $688.89 $0.00 $501.44 $89,876.41
99 $89,876.41 $688.89 $0.00 $508.17 $91,073.47
100 $91,073.47 $688.89 $0.00 $514.94 $92,277.30
101 $92,277.30 $688.89 $0.00 $521.75 $93,487.94
102 $93,487.94 $688.89 $0.00 $528.59 $94,705.42
103 $94,705.42 $688.89 $0.00 $535.48 $95,929.79
104 $95,929.79 $688.89 $0.00 $542.40 $97,161.08
105 $97,161.08 $688.89 $0.00 $549.36 $98,399.33
106 $98,399.33 $688.89 $0.00 $556.36 $99,644.58
107 $99,644.58 $688.89 $0.00 $563.40 $100,896.87
108 $100,896.87 $688.89 $0.00 $570.49 $102,156.25
109 $102,156.25 $688.89 $0.00 $577.61 $103,422.75
110 $103,422.75 $688.89 $0.00 $584.77 $104,696.41
111 $104,696.41 $688.89 $0.00 $591.97 $105,977.27
112 $105,977.27 $688.89 $0.00 $599.21 $107,265.37
113 $107,265.37 $688.89 $0.00 $606.49 $108,560.75
114 $108,560.75 $688.89 $0.00 $613.82 $109,863.46
115 $109,863.46 $688.89 $0.00 $621.18 $111,173.53
116 $111,173.53 $688.89 $0.00 $628.59 $112,491.01
117 $112,491.01 $688.89 $0.00 $636.04 $113,815.94
118 $113,815.94 $688.89 $0.00 $643.53 $115,148.36
119 $115,148.36 $688.89 $0.00 $651.07 $116,488.32
120 $116,488.32 $688.89 $0.00 $658.64 $117,835.85
121 $117,835.85 $688.89 $0.00 $666.26 $119,191.00
122 $119,191.00 $688.89 $0.00 $673.92 $120,553.81
123 $120,553.81 $688.89 $0.00 $681.63 $121,924.33
124 $121,924.33 $688.89 $0.00 $689.38 $123,302.60
125 $123,302.60 $688.89 $0.00 $697.17 $124,688.66
126 $124,688.66 $688.89 $0.00 $705.01 $126,082.56
127 $126,082.56 $688.89 $0.00 $712.89 $127,484.34
128 $127,484.34 $688.89 $0.00 $720.81 $128,894.04
129 $128,894.04 $688.89 $0.00 $728.79 $130,311.72
130 $130,311.72 $688.89 $0.00 $736.80 $131,737.41
131 $131,737.41 $688.89 $0.00 $744.86 $133,171.16
132 $133,171.16 $688.89 $0.00 $752.97 $134,613.02
133 $134,613.02 $688.89 $0.00 $761.12 $136,063.03
134 $136,063.03 $688.89 $0.00 $769.32 $137,521.24
135 $137,521.24 $688.89 $0.00 $777.57 $138,987.70
136 $138,987.70 $688.89 $0.00 $785.86 $140,462.45
137 $140,462.45 $688.89 $0.00 $794.20 $141,945.54
138 $141,945.54 $688.89 $0.00 $802.58 $143,437.01
139 $143,437.01 $688.89 $0.00 $811.01 $144,936.91
140 $144,936.91 $688.89 $0.00 $819.49 $146,445.29
141 $146,445.29 $688.89 $0.00 $828.02 $147,962.20
142 $147,962.20 $688.89 $0.00 $836.60 $149,487.69
143 $149,487.69 $688.89 $0.00 $845.23 $151,021.81
144 $151,021.81 $688.89 $0.00 $853.90 $152,564.60
145 $152,564.60 $688.89 $0.00 $862.62 $154,116.11
146 $154,116.11 $688.89 $0.00 $871.39 $155,676.39
147 $155,676.39 $688.89 $0.00 $880.22 $157,245.50
148 $157,245.50 $688.89 $0.00 $889.09 $158,823.48
149 $158,823.48 $688.89 $0.00 $898.01 $160,410.38
150 $160,410.38 $688.89 $0.00 $906.98 $162,006.25
151 $162,006.25 $688.89 $0.00 $916.01 $163,611.15
152 $163,611.15 $688.89 $0.00 $925.08 $165,225.12
153 $165,225.12 $688.89 $0.00 $934.21 $166,848.22
154 $166,848.22 $688.89 $0.00 $943.38 $168,480.49
155 $168,480.49 $688.89 $0.00 $952.61 $170,121.99
156 $170,121.99 $688.89 $0.00 $961.89 $171,772.77
157 $171,772.77 $688.89 $0.00 $971.23 $173,432.89
158 $173,432.89 $688.89 $0.00 $980.61 $175,102.39
159 $175,102.39 $688.89 $0.00 $990.05 $176,781.33
160 $176,781.33 $688.89 $0.00 $999.55 $178,469.77
161 $178,469.77 $688.89 $0.00 $1,009.09 $180,167.75
162 $180,167.75 $688.89 $0.00 $1,018.69 $181,875.33
163 $181,875.33 $688.89 $0.00 $1,028.35 $183,592.57
164 $183,592.57 $688.89 $0.00 $1,038.06 $185,319.52
165 $185,319.52 $688.89 $0.00 $1,047.82 $187,056.23
166 $187,056.23 $688.89 $0.00 $1,057.64 $188,802.76
167 $188,802.76 $688.89 $0.00 $1,067.52 $190,559.17
168 $190,559.17 $688.89 $0.00 $1,077.45 $192,325.51
169 $192,325.51 $688.89 $0.00 $1,087.44 $194,101.84
170 $194,101.84 $688.89 $0.00 $1,097.48 $195,888.21
171 $195,888.21 $688.89 $0.00 $1,107.58 $197,684.68
172 $197,684.68 $688.89 $0.00 $1,117.74 $199,491.31
173 $199,491.31 $688.89 $0.00 $1,127.95 $201,308.15
174 $201,308.15 $688.89 $0.00 $1,138.23 $203,135.27
175 $203,135.27 $688.89 $0.00 $1,148.56 $204,972.72
176 $204,972.72 $688.89 $0.00 $1,158.95 $206,820.56
177 $206,820.56 $688.89 $0.00 $1,169.39 $208,678.84
178 $208,678.84 $688.89 $0.00 $1,179.90 $210,547.63
179 $210,547.63 $688.89 $0.00 $1,190.47 $212,426.99
180 $212,426.99 $688.89 $0.00 $1,201.09 $214,316.97
181 $214,316.97 $688.89 $0.00 $1,211.78 $216,217.64
182 $216,217.64 $688.89 $0.00 $1,222.53 $218,129.06
183 $218,129.06 $688.89 $0.00 $1,233.33 $220,051.28
184 $220,051.28 $688.89 $0.00 $1,244.20 $221,984.37
185 $221,984.37 $688.89 $0.00 $1,255.13 $223,928.39
186 $223,928.39 $688.89 $0.00 $1,266.12 $225,883.40
187 $225,883.40 $688.89 $0.00 $1,277.18 $227,849.47
188 $227,849.47 $688.89 $0.00 $1,288.29 $229,826.65
189 $229,826.65 $688.89 $0.00 $1,299.47 $231,815.01
190 $231,815.01 $688.89 $0.00 $1,310.72 $233,814.62
191 $233,814.62 $688.89 $0.00 $1,322.02 $235,825.53
192 $235,825.53 $688.89 $0.00 $1,333.39 $237,847.81
193 $237,847.81 $688.89 $0.00 $1,344.83 $239,881.53
194 $239,881.53 $688.89 $0.00 $1,356.33 $241,926.75
195 $241,926.75 $688.89 $0.00 $1,367.89 $243,983.53
196 $243,983.53 $688.89 $0.00 $1,379.52 $246,051.94
197 $246,051.94 $688.89 $0.00 $1,391.21 $248,132.04
198 $248,132.04 $688.89 $0.00 $1,402.97 $250,223.90
199 $250,223.90 $688.89 $0.00 $1,414.80 $252,327.59
200 $252,327.59 $688.89 $0.00 $1,426.70 $254,443.18
201 $254,443.18 $688.89 $0.00 $1,438.66 $256,570.73
202 $256,570.73 $688.89 $0.00 $1,450.69 $258,710.31
203 $258,710.31 $688.89 $0.00 $1,462.79 $260,861.99
204 $260,861.99 $688.89 $0.00 $1,474.95 $263,025.83
205 $263,025.83 $688.89 $0.00 $1,487.19 $265,201.91
206 $265,201.91 $688.89 $0.00 $1,499.49 $267,390.29
207 $267,390.29 $688.89 $0.00 $1,511.86 $269,591.04
208 $269,591.04 $688.89 $0.00 $1,524.31 $271,804.24
209 $271,804.24 $688.89 $0.00 $1,536.82 $274,029.95
210 $274,029.95 $688.89 $0.00 $1,549.41 $276,268.25
211 $276,268.25 $688.89 $0.00 $1,562.06 $278,519.20
212 $278,519.20 $688.89 $0.00 $1,574.79 $280,782.88
213 $280,782.88 $688.89 $0.00 $1,587.59 $283,059.36
214 $283,059.36 $688.89 $0.00 $1,600.46 $285,348.71
215 $285,348.71 $688.89 $0.00 $1,613.40 $287,651.00
216 $287,651.00 $688.89 $0.00 $1,626.42 $289,966.31
217 $289,966.31 $688.89 $78,529.35 $1,639.51 $213,765.36
218 $213,765.36 $688.89 $0.00 $1,208.66 $215,662.91
219 $215,662.91 $688.89 $0.00 $1,219.39 $217,571.19
220 $217,571.19 $688.89 $0.00 $1,230.18 $219,490.26
221 $219,490.26 $688.89 $0.00 $1,241.03 $221,420.18
222 $221,420.18 $688.89 $0.00 $1,251.94 $223,361.01
223 $223,361.01 $688.89 $0.00 $1,262.92 $225,312.82
224 $225,312.82 $688.89 $0.00 $1,273.95 $227,275.66
225 $227,275.66 $688.89 $0.00 $1,285.05 $229,249.60
226 $229,249.60 $688.89 $0.00 $1,296.21 $231,234.70
227 $231,234.70 $688.89 $0.00 $1,307.43 $233,231.02
228 $233,231.02 $688.89 $0.00 $1,318.72 $235,238.63
229 $235,238.63 $688.89 $84,026.40 $1,330.07 $153,231.19
230 $153,231.19 $688.89 $0.00 $866.39 $154,786.47
231 $154,786.47 $688.89 $0.00 $875.19 $156,350.55
232 $156,350.55 $688.89 $0.00 $884.03 $157,923.47
233 $157,923.47 $688.89 $0.00 $892.92 $159,505.28
234 $159,505.28 $688.89 $0.00 $901.87 $161,096.04
235 $161,096.04 $688.89 $0.00 $910.86 $162,695.79
236 $162,695.79 $688.89 $0.00 $919.91 $164,304.59
237 $164,304.59 $688.89 $0.00 $929.00 $165,922.48
238 $165,922.48 $688.89 $0.00 $938.15 $167,549.52
239 $167,549.52 $688.89 $0.00 $947.35 $169,185.76
240 $169,185.76 $688.89 $0.00 $956.60 $170,831.25
241 $170,831.25 $688.89 $89,908.25 $965.90 $82,577.79
242 $82,577.79 $688.89 $0.00 $466.91 $83,733.59
243 $83,733.59 $688.89 $0.00 $473.44 $84,895.92
244 $84,895.92 $688.89 $0.00 $480.01 $86,064.82
245 $86,064.82 $688.89 $0.00 $486.62 $87,240.33
246 $87,240.33 $688.89 $0.00 $493.27 $88,422.49
247 $88,422.49 $688.89 $0.00 $499.95 $89,611.33
248 $89,611.33 $688.89 $0.00 $506.68 $90,806.90
249 $90,806.90 $688.89 $0.00 $513.44 $92,009.23
250 $92,009.23 $688.89 $0.00 $520.23 $93,218.35
251 $93,218.35 $688.89 $0.00 $527.07 $94,434.31
252 $94,434.31 $688.89 $0.00 $533.95 $95,657.15
253 $95,657.15 $0.00 $96,201.83 $540.86 -$3.82